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Archive - 2012-03-14
Gold plunges to Rs 49,372
Markets

Gold plunges to Rs 49,372

KARACHI: Gold plunged by Rs 772 to close at Rs 49,372 per 10 grams in the local market Wednesday as its international pr
Published 14 Mar, 2012 05:24pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI: The KSE-100 on Wednesday increased by 77.02 points to close at 13,360.67 points on the back of investors intere
Published 14 Mar, 2012 01:15pm
Afghan bomb kills eight civilians
Top News

Afghan bomb kills eight civilians

  KABUL: A roadside bomb attack killed eight civilians in Helmand on Wednesday as US Defense Secretary Leon Panetta was
Published 14 Mar, 2012 09:33am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Wednesday until 12:40 P.M., KSE-100 Index was at 13,425.98 with a positive change of 142.33 and volume of 89
Published 14 Mar, 2012 07:51am
Panetta flies in for Afghan talks
Top News

Panetta flies in for Afghan talks

CAMP BASTION : US Defense Secretary Leon Panetta flew into southern Afghanistan on Wednesday for talks, just days af
Published 14 Mar, 2012 05:55am
Yuan close to balanced level: Wen
Top News

Yuan close to balanced level: Wen

BEIJING: China's premier said the yuan was close to reaching a balanced level and vowed to improve the flexibility of th
Published 14 Mar, 2012 05:39am
Chinas changing trade strides
BR Research

Chinas changing trade strides

That China reported the largest monthly trade deficit in two decades is no small news. After all, the giant countrys economic telltales refl
Published 14 Mar, 2012 12:00am
The plight of city children
BR Research

The plight of city children

Its not easy being a child in Pakistan. Power break downs in the middle of study hour, dealing with angry neighbours whose window just got b
Published 14 Mar, 2012 12:00am
CDWP to discuss over 70 uplift projects today

CDWP to discuss over 70 uplift projects today

The Central Development Working Party (CDWP) will meet today (Wednesday) to discuss more than 70 development projects costing billions of rupees relating to transport and communication, energy, water resources, agriculture and food, higher education and o
Published 14 Mar, 2012 12:00am
CDWP to discuss over 70 uplift projects today

CDWP to discuss over 70 uplift projects today

The Central Development Working Party (CDWP) will meet today (Wednesday) to discuss more than 70 development projects costing billions of rupees relating to transport and communication, energy, water resources, agriculture and food, higher education and o
Published 14 Mar, 2012 12:00am
CDWP to discuss over 70 uplift projects today

CDWP to discuss over 70 uplift projects today

The Central Development Working Party (CDWP) will meet today (Wednesday) to discuss more than 70 development projects costing billions of rupees relating to transport and communication, energy, water resources, agriculture and food, higher education and o
Published 14 Mar, 2012 12:00am
Bangladesh ferry sinking: 32 dead, scores missing

Bangladesh ferry sinking: 32 dead, scores missing

At least 32 people drowned when a ferry sank in Bangladesh before dawn on Tuesday with scores more bodies feared trapped inside the capsized vessel, officials said. Rescue workers began removing fatalities from the double-decker Shariatpur 1 ferry, which
Published 14 Mar, 2012 12:00am
Bangladesh ferry sinking: 32 dead, scores missing

Bangladesh ferry sinking: 32 dead, scores missing

At least 32 people drowned when a ferry sank in Bangladesh before dawn on Tuesday with scores more bodies feared trapped inside the capsized vessel, officials said. Rescue workers began removing fatalities from the double-decker Shariatpur 1 ferry, which
Published 14 Mar, 2012 12:00am
October-December 2011: branchless banking network expanded by 16 percent

October-December 2011: branchless banking network expanded by 16 percent

The Branchless Banking (BB) network in Pakistan expanded by 16 percent in the second quarter (October- December 2011) of the current fiscal year (2011-12) to reach 22,512 agents covering the entire length and breadth of the country, says State Bank's Bran
Published 14 Mar, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (March 13, 2012).

Published 14 Mar, 2012 12:00am
October-December 2011: branchless banking network expanded by 16 percent

October-December 2011: branchless banking network expanded by 16 percent

The Branchless Banking (BB) network in Pakistan expanded by 16 percent in the second quarter (October- December 2011) of the current fiscal year (2011-12) to reach 22,512 agents covering the entire length and breadth of the country, says State Bank's Bran
Published 14 Mar, 2012 12:00am
October-December 2011: branchless banking network expanded by 16 percent

October-December 2011: branchless banking network expanded by 16 percent

The Branchless Banking (BB) network in Pakistan expanded by 16 percent in the second quarter (October- December 2011) of the current fiscal year (2011-12) to reach 22,512 agents covering the entire length and breadth of the country, says State Bank''s Bra
Published 14 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (March 13, 2012).

Published 14 Mar, 2012 12:00am
Haiti sex abuse: Pakistan UN peacekeepers jailed

Haiti sex abuse: Pakistan UN peacekeepers jailed

Three Pakistani cops in the UN peacekeeping mission in Haiti have been found guilty of sexual abuse and ordered jailed, the UN said Tuesday. The three police men were at the center of one of two new sexual abuse investigations involving UN police in the C
Published 14 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (March 13, 2012).

Published 14 Mar, 2012 12:00am
Haiti sex abuse: Pakistan UN peacekeepers jailed

Haiti sex abuse: Pakistan UN peacekeepers jailed

Three Pakistani cops in the UN peacekeeping mission in Haiti have been found guilty of sexual abuse and ordered jailed, the UN said Tuesday. The three police men were at the center of one of two new sexual abuse investigations involving UN police in the C
Published 14 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (March 13, 2012).

Published 14 Mar, 2012 12:00am
Malik to be new defence minister?

Malik to be new defence minister?

The government is giving finishing touches to the re-shuffling of the Federal Cabinet in sync with its coalition partners. According to a private television channel, there are reports that the ministries of interior, information and law and justice will r
Published 14 Mar, 2012 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

The rupee surrendered its overnight gains against dollar and euro in process of trading on Tuesday, dealers said. The rupee could not keep its supremacy over dollar, losing seven paisa for buying at 90.72 and shed six paisa for selling at 90.74, they said
Published 14 Mar, 2012 12:00am
Malik to be new defence minister?

Malik to be new defence minister?

The government is giving finishing touches to the re-shuffling of the Federal Cabinet in sync with its coalition partners. According to a private television channel, there are reports that the ministries of interior, information and law and justice will r
Published 14 Mar, 2012 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

The rupee surrendered its overnight gains against dollar and euro in process of trading on Tuesday, dealers said. The rupee could not keep its supremacy over dollar, losing seven paisa for buying at 90.72 and shed six paisa for selling at 90.74, they said
Published 14 Mar, 2012 12:00am
58 percent tax gap in overall economy

58 percent tax gap in overall economy

There is approximately a tax gap of 58 percent or Rs 1,855.254 billion in the overall economy of Pakistan, pointing towards implementation of substantial changes in tax policy including broadening the tax base, reducing distortions and phasing out exempti
Published 14 Mar, 2012 12:00am
58 percent tax gap in overall economy

58 percent tax gap in overall economy

There is approximately a tax gap of 58 percent or Rs 1,855.254 billion in the overall economy of Pakistan, pointing towards implementation of substantial changes in tax policy including broadening the tax base, reducing distortions and phasing out exempti
Published 14 Mar, 2012 12:00am
58 percent tax gap in overall economy

58 percent tax gap in overall economy

There is approximately a tax gap of 58 percent or Rs 1,855.254 billion in the overall economy of Pakistan, pointing towards implementation of substantial changes in tax policy including broadening the tax base, reducing distortions and phasing out exempti
Published 14 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 13, 2012).

Published 14 Mar, 2012 12:00am
Belgium's Muslims in shock after deadly mosque arson

Belgium's Muslims in shock after deadly mosque arson

The suspected arsonist behind a deadly fire at a Brussels mosque said Tuesday he set the Shia mosque ablaze to scare the community he blames for the violence in Syria, officials said. Belgium's Muslim community was in shock a day after the attack that lef
Published 14 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 13, 2012).

Published 14 Mar, 2012 12:00am
Belgium's Muslims in shock after deadly mosque arson

Belgium's Muslims in shock after deadly mosque arson

The suspected arsonist behind a deadly fire at a Brussels mosque said Tuesday he set the Shia mosque ablaze to scare the community he blames for the violence in Syria, officials said. Belgium's Muslim community was in shock a day after the attack that lef
Published 14 Mar, 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 (March 13, 2012).

Published 14 Mar, 2012 12:00am
Motiwala elected President PAJCCI

Motiwala elected President PAJCCI

Zubair Motiwala from Pakistan and Khan Jan Alokozal from Afghanistan have been elected unanimously as President and Co-President of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) during the first board meeting of the chamber held here on Tuesd
Published 14 Mar, 2012 12:00am
Motiwala elected President PAJCCI

Motiwala elected President PAJCCI

Zubair Motiwala from Pakistan and Khan Jan Alokozal from Afghanistan have been elected unanimously as President and Co-President of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) during the first board meeting of the chamber held here on Tuesd
Published 14 Mar, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 13, 2012).

Published 14 Mar, 2012 12:00am
Motiwala elected President PAJCCI

Motiwala elected President PAJCCI

Zubair Motiwala from Pakistan and Khan Jan Alokozal from Afghanistan have been elected unanimously as President and Co-President of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) during the first board meeting of the chamber held here on Tuesd
Published 14 Mar, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (March 13, 2012) and for Wednesday (March 14, 2012).
Published 14 Mar, 2012 12:00am
HSBC bank denies it plans to exit some Asian markets

HSBC bank denies it plans to exit some Asian markets

HSBC on Tuesday dismissed a report in the Financial Times which said the global banking giant plans to scale back or even exit certain Asian countries to concentrate on core areas. "We are not exiting any markets in Asia," Europe's biggest bank said in a
Published 14 Mar, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 13, 2012).

Published 14 Mar, 2012 12:00am
HSBC bank denies it plans to exit some Asian markets

HSBC bank denies it plans to exit some Asian markets

HSBC on Tuesday dismissed a report in the Financial Times which said the global banking giant plans to scale back or even exit certain Asian countries to concentrate on core areas. "We are not exiting any markets in Asia," Europe's biggest bank said in a
Published 14 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 14 Mar, 2012 12:00am
HSBC bank denies it plans to exit some Asian markets

HSBC bank denies it plans to exit some Asian markets

HSBC on Tuesday dismissed a report in the Financial Times which said the global banking giant plans to scale back or even exit certain Asian countries to concentrate on core areas. "We are not exiting any markets in Asia," Europe''s biggest bank said in a
Published 14 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 14 Mar, 2012 12:00am
Sindh CNG stations to be closed today

Sindh CNG stations to be closed today

Sui Southern Gas Company on Tuesday rescheduled gas shutdown for CNG stations due to sudden tripping of compressors of different gas fields; the Company is receiving short supply of gas causing depletion of line pack and low pressure in gas distribution n
Published 14 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 13, 2012).

Published 14 Mar, 2012 12:00am
Sindh CNG stations to be closed today

Sindh CNG stations to be closed today

Sui Southern Gas Company on Tuesday rescheduled gas shutdown for CNG stations due to sudden tripping of compressors of different gas fields; the Company is receiving short supply of gas causing depletion of line pack and low pressure in gas distribution n
Published 14 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 13, 2012).

Published 14 Mar, 2012 12:00am
Sindh CNG stations to be closed today

Sindh CNG stations to be closed today

Sui Southern Gas Company on Tuesday rescheduled gas shutdown for CNG stations due to sudden tripping of compressors of different gas fields; the Company is receiving short supply of gas causing depletion of line pack and low pressure in gas distribution n
Published 14 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Tuesday (March 13, 2012) and the forecast for Wednesday (March 14, 2012).

Published 14 Mar, 2012 12:00am
UVAS third alumni reunion held

UVAS third alumni reunion held

Vice Chancellor University of Veterinary And Animal Sciences (UVAS) Professor Dr Talat Naseer Pasha has said that livestock is the only sector, which will bring prosperity in the country. He was addressing the third reunion of UVAS Alumni Association the
Published 14 Mar, 2012 12:00am
Babar may be nominated as Leader of the House in Senate

Babar may be nominated as Leader of the House in Senate

Farhatullah Babar, newly elected Senator of Pakistan People's Party (PPP), has emerged as the most likely candidate for leader of the house in Upper House of the Parliament, it has been learnt. According to PPP insiders, the party was considering the name
Published 14 Mar, 2012 12:00am
Sloganeering in Senate: PML-N Senator moves privilege motion

Sloganeering in Senate: PML-N Senator moves privilege motion

Pakistan Muslim League-Nawaz (PML-N) on Tuesday submitted privilege motion in the Senate against the sloganeering in the visitors galleries on Monday on the eve of chairman and deputy chairman's election. The privilege motion has been submitted by PML-N S
Published 14 Mar, 2012 12:00am
Rich tributes paid to Dr Mir Rehman Hashmi

Rich tributes paid to Dr Mir Rehman Hashmi

Rich and glowing tributes were paid to late Dr Mir Rehman Ali Hashmi, a former Secretary General of the Pakistan Medical Association at a memorial meeting here on Tuesday. Dr Hashmi, a well known personality of medical profession, who played an instrument
Published 14 Mar, 2012 12:00am
FBR to focus on five major areas of Customs Budget for 2012-2013

FBR to focus on five major areas of Customs Budget for 2012-2013

The Federal Board of Revenue (FBR) would focus on five major areas of Customs Budget for 2012-2013 including tariff rationalisation, concessionary rate of customs duty for industrial sectors, amendments in the Pakistan Customs Tariff and changes in Custom
Published 14 Mar, 2012 12:00am
Naek likely to replace Chandio as Law Minister

Naek likely to replace Chandio as Law Minister

Pakistan People's Party (PPP), Senator, Farooq H Naek, who has vacated the office of chairman Senate, is likely to replace Maula Bux Chandio as Law Minister, it is learnt. According to senior PPP sources the decision was taken in a meeting of the PPP Core
Published 14 Mar, 2012 12:00am
FC sets up free medical camp

FC sets up free medical camp

Frontier Corps has organised a free medical camp at Bostan area of Balochistan Tuesday. The expert doctors of the Frontier Corps, during the day-long camp extended medical consultation to over 500 patients. The poor and needy patients who hailed from far-
Published 14 Mar, 2012 12:00am
Karachi operation fame among three cops killed

Karachi operation fame among three cops killed

At least three policemen including Karachi operation specialist fell prey to target killing spree in separate incidents in various parts of the metropolis here on Tuesday. According to police sources, an Assistant Sub Inspector (ASI) Raja Moin, 47, son of
Published 14 Mar, 2012 12:00am
LHC approached to disqualify Aitzaz as Senator

LHC approached to disqualify Aitzaz as Senator

A citizen has approached the Lahore High Court against a PPP Senator Chaudhry Aitzaz praying to declare him disqualified from being member Senate. The petitioner Tariq Mehmood contended that Aitzaz is defaulter of agriculture and professional tax. He, the
Published 14 Mar, 2012 12:00am
British HC meets Ishaq Dar

British HC meets Ishaq Dar

British High Commissioner Adam Thomson along with Jasper Thornton, Political Secretary of the British High Commission in Islamabad called on (PML-N) leader, Senator, Ishaq Dar, in Punjab House on Tuesday and discussed the bilateral relationship and mutual
Published 14 Mar, 2012 12:00am
Workshop

Workshop

Trade Development Authority of Pakistan (TDAP) Lahore is organising a workshop on 'Export Procedures' on Thursday (15th March). The workshop will be addressed by National Sales Manager, Raaziq International (Pvt) Limited, Ghulam Mustafa, who will deliver
Published 14 Mar, 2012 12:00am
Election Tribunals: appointment of former D&S judges approved

Election Tribunals: appointment of former D&S judges approved

A meeting of the Election Commission of Pakistan (ECP) was held here on Tuesday with Chief Election Commissioner of Pakistan, former Justice Hamid Ali Mirza in the chair and attended by four members ECP including former Justice Muhammad Roshan Essani, for
Published 14 Mar, 2012 12:00am
15 million jobs of textile workers at stake

15 million jobs of textile workers at stake

The textile industry is facing an acute shortage of energy therefore jobs of 15 million textile workers are at stake. The textile circles have criticised the Ministry of Textile Industry for not looking after the interests of the industry which was tantam
Published 14 Mar, 2012 12:00am
Sheikh appointed to conduct KEDA election

Sheikh appointed to conduct KEDA election

Mustafa Jamal Kazi Deputy Commission South appointed Mushtaq Sheikh Assistant Commissioner Preedy Sub-Division South as election commissioner to conduct Karachi Electronic Dealers Association election within sixty days. According to order issued by Deputy
Published 14 Mar, 2012 12:00am
Sale of smuggled cigarette a big challenge for government

Sale of smuggled cigarette a big challenge for government

The ongoing sale of a smuggled brand of cigarette is a big challenge for the Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) to check its movement during the national drive against non-duty paid or
Published 14 Mar, 2012 12:00am
Probe into appointments of ESTs directed

Probe into appointments of ESTs directed

The Supreme Court of Pakistan bench here on Tuesday directed secretary Schools Punjab to probe into the matter of appointments of 78 Elementary School Teachers (ESTs) made against merit in 1993 in district Kasur. The petitioner Moeen-ud-Din contended that
Published 14 Mar, 2012 12:00am
PCGA criticism uncalled for: Chairman Aptma

PCGA criticism uncalled for: Chairman Aptma

Chairman All Pakistan textile Mills Association (Aptma) Mohsin Aziz has said Pakistan Cotton Ginners Association's criticism against Ministry of Textile Industry and (Aptma) is uncalled for. He further said that PCGA was leveling false and baseless allega
Published 14 Mar, 2012 12:00am
Nepal to host 26th CACCI conference in October

Nepal to host 26th CACCI conference in October

The 26th conference of Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) will be held during the first week of October 2012 in Kathmandu, Nepal. According to press statement issued here by Federation of Pakistan Chambers of Commerce
Published 14 Mar, 2012 12:00am
Punjab Women Department starts functioning

Punjab Women Department starts functioning

Irum Bukhari, a DMG Group officer of BS-20, has assumed the charge as the first Secretary of newly-created Punjab Women Development Department on Tuesday. The newly created department has started functioning at 129, Shadman-I, Lahore.
Published 14 Mar, 2012 12:00am
Hajj applications to be received from April

Hajj applications to be received from April

The applications for performing Hajj-2012 would be received from the first week of April and the cost is likely to increase by 13 percent due to depression in the value of local currency as comparing to dollar and riyal. According to an official, the draf
Published 14 Mar, 2012 12:00am
Two killed in separate incidents

Two killed in separate incidents

At least two persons including a cop were killed in separate mishaps at various parts of the metropolis here on Tuesday. According to police and rescue sources, a police constable lost his life in road accident near Natha Khan Bridge in the limits of Airp
Published 14 Mar, 2012 12:00am
34 vice chancellors serving even after retirement, Supreme Court told

34 vice chancellors serving even after retirement, Supreme Court told

The Supreme Court of Pakistan was informed on Tuesday that 34 vice chancellors of different universities of the country were serving after their retirement and almost 19 VCs had been appointed more than once. The counsel of High Education Commission Amjad
Published 14 Mar, 2012 12:00am
LHC seeks report from federal, Punjab governments

LHC seeks report from federal, Punjab governments

The Lahore High Court (LHC) on Tuesday sought a report from federal and provincial government in a petition filed against transferring Sheikh Zaid Hospital (SZH) to Punjab government. The paramedical staff of SZH through their counsel contended that SZH w
Published 14 Mar, 2012 12:00am
Shell Tameer Awards 2012 ceremony on March 16

Shell Tameer Awards 2012 ceremony on March 16

To encourage a culture of entrepreneurship among Pakistani youth, Shell Tameer is organising its 5th award ceremony on March 16, 2012 in Karachi. Awards are given to the best business start-up; the most progress made in growing and developing a business i
Published 14 Mar, 2012 12:00am
Mayor's visit to Lahore: Turk media give extensive coverage

Mayor's visit to Lahore: Turk media give extensive coverage

Turkish print and electronic media has given extensive coverage to the visit of Mayor Istanbul to Lahore and shown keen interest in the engagements of the Turk delegation during the last two days. The Turk media described Chief Minister Punjab as a dynami
Published 14 Mar, 2012 12:00am
'Punjab government making all-out efforts for development'

'Punjab government making all-out efforts for development'

Punjab government is making all-out efforts to turn province into a hub of economic activities. It is not only the energy shortage but education, health and transportation sectors are also being given equal importance to put the economy back on track.
Published 14 Mar, 2012 12:00am
Combating child labour: five-year project approved

Combating child labour: five-year project approved

For combating the menace of child labour, Punjab Labour and Human Resource Department has approved a 5-year project 'Combating worst form of child labour'; it is being implemented in four districts of the province (Jhang, Layyah, Jehlum and Chakwal).
Published 14 Mar, 2012 12:00am
Restoration of MMA under discussion: Jamaat-e-Islami

Restoration of MMA under discussion: Jamaat-e-Islami

Secretary General, Jamaat-e-Islami, Liaqat Baloch has said that an alliance with the religious parties is the top priority of JI for contesting upcoming general elections. He said this while talking to a delegation of Ulma Defence Council led by its Chief
Published 14 Mar, 2012 12:00am
Advisors appointment: Punjab government ordered to report by May 2

Advisors appointment: Punjab government ordered to report by May 2

The Lahore High Court has called for report from the Punjab government by May 02, in a petition challenging, the appointment of advisors to Chief Minister Punjab. The petitioner, Aqeel Ahmed, contended that Chief Minister Punjab has appointed a number of
Published 14 Mar, 2012 12:00am
Fertiliser firms accused of charging exorbitant prices of DAP

Fertiliser firms accused of charging exorbitant prices of DAP

Agri Forum Pakistan, Chairman, Muhammad Ibrahim Mughal, has accused the fertiliser companies of making undue profit of billions of rupees per annum by charging exorbitant prices of DAP fertilisers. Mughal claimed that fertiliser factories were selling DAP
Published 14 Mar, 2012 12:00am
SNGPL reduces UFG to 11.07 percent in December 2011

SNGPL reduces UFG to 11.07 percent in December 2011

The Sui Northern Gas Pipeline Limited (SNGPL), as a result of its leakage survey campaign, has succeeded in reducing the un-accounted for gas losses (UFG) from 12.4 percent in June 2011 to 11.07 percent in December 2011 while the company would also contin
Published 14 Mar, 2012 12:00am
US consul general visits Sialkot chamber

US consul general visits Sialkot chamber

Consul General of US Consulate Ms Nina M.Fite, Lahore, accompanied by Brian McCleary, Commercial Counsellor and Robert Hawkins, Economic Officer, visited the Sialkot Chamber on Tuesday to discuss matters of mutual interests with the members. Addressing th
Published 14 Mar, 2012 12:00am
LHC rejects former MPA's bail application

LHC rejects former MPA's bail application

The Lahore High Court on Tuesday rejected the bail of a former MPA, Aslam Madhiyana, who had razed the legs of a teacher, Nafees Khan. Earlier, the counsel of the applicant contended that Aslam is neither involved in the incident nor was present at the oc
Published 14 Mar, 2012 12:00am
Business Express train fares increased by 14 percent

Business Express train fares increased by 14 percent

Following the footsteps of Pakistan Railways, the private sector Business Express train between Lahore and Karachi management has also increased fare by 14 percent or Rs 500 per one-way from Wednesday (today), violating their agreement with the government
Published 14 Mar, 2012 12:00am
New Lahore City takes part in Build Pakistan 2012 expo

New Lahore City takes part in Build Pakistan 2012 expo

New Lahore City (NLC), a collaborative project of Zaitoon Group and Rafi Group, participated in the Build Pakistan 2012 - The International Construction Materials, Property, Furniture, Stone and Technology Exhibition & Conference. The three-day expo was h
Published 14 Mar, 2012 12:00am
ABF expresses concern over massive increase in trade deficit

ABF expresses concern over massive increase in trade deficit

President American Business Forum (ABF) Salim Ghauri has expressed concern over 41 percent increase in trade deficit within first seven months of current fiscal and said the country's economy would have to pay the price of huge fiscal and trade deficits.
Published 14 Mar, 2012 12:00am
Joint-sitting of parliament: PML-N yet to evolve strategy

Joint-sitting of parliament: PML-N yet to evolve strategy

Pakistan Muslim League-Nawaz (PML-N) is still in the process of consultation to evolve strategy for the joint sitting of the parliament which is likely to be addressed by President Asif Ali Zardari on March 17. Sources told Business Recorder that t
Published 14 Mar, 2012 12:00am
LHC issues notices to Home Secretary, IGP

LHC issues notices to Home Secretary, IGP

The Lahore High Court issued notice to Home Secretary and IGP for March 18 in a petition of a police inspector who approached the court for initiating contempt of court proceedings for not abiding by the court orders. The petitioner Sardar Awan contended
Published 14 Mar, 2012 12:00am
UAF spring festival attracts farming community

UAF spring festival attracts farming community

A large number of people from different walks of life especially farming community attended the six-day spring festival started on March 12 at University of Agriculture Faisalabad (UAF). The United States Agency for International Development (USAID) Direc
Published 14 Mar, 2012 12:00am
Fesco, Wapda workers threaten to launch protest

Fesco, Wapda workers threaten to launch protest

Fesco Engineers Association and Wapda Hydro Electric Central Labour Union (CBA) have expressed concern over non-serious attitude of government towards their demand and threaten to launch indefinite tools down strike if their demands were not accepted.
Published 14 Mar, 2012 12:00am
Condolence

Condolence

Punjab Chief Minister Muhammad Shahbaz Sharif on Tuesday has expressed sorrow and grief over the death of mother of former Member National Assembly Asia Azeem. I0n his condolence message, the CM prayed that may Allah Almighty rest the departed soul in ete
Published 14 Mar, 2012 12:00am
Elite clan to face more enforcement measures: experts

Elite clan to face more enforcement measures: experts

The Federal Board of Revenue (FBR) would be left with no option but to take a lot of administrative and enforcement measures along with documentation of the elite class for fixation of revenue collection target for 2012-2013, in view of government policy
Published 14 Mar, 2012 12:00am
Sindh Assembly session adjourned

Sindh Assembly session adjourned

The Sindh Assembly on Tuesday was adjourned till next Friday on account of a Commonwealth parliamentarians' conference being held in Karachi. Sikandar Mandhro was in the chair, the assembly remained for about 10 minutes and adjourned the session till Frid
Published 14 Mar, 2012 12:00am
Shazia praised for resolving electricity issue

Shazia praised for resolving electricity issue

All the seven industrial town associations appreciated the efforts of Provincial Minister for Information and Electric Power Mst. Shazia Marri to resolve the issue of industrial power disconnection drive of Karachi Electric Supply Company (KESC) Chairman,
Published 14 Mar, 2012 12:00am
LUMHS announces result

LUMHS announces result

The Controller of Examinations Undergraduate Studies of Liaquat University of Medical and Health Sciences (LUMHS), Jamshoro on Tuesday announced the result of Diploma in Biomedical Equipment Technology (third term) Examination of the Institute of Biomedic
Published 14 Mar, 2012 12:00am
Classes begin at Hashmi Media Institute

Classes begin at Hashmi Media Institute

M.A. Mass Communication classes commenced in Hashmi Media Institute on March 12, 2012. The institute has been named after the advertising legend (late) Syed Haseen Hashmi and aims to provide quality media education to scholars, professionals and students.
Published 14 Mar, 2012 12:00am
Pakistan's widest broadband Internet network

Pakistan's widest broadband Internet network

Pakistan Telecommunication Company Limited's (PTCL) EVO wireless broadband has become Pakistan's widest broadband Internet network covering 90 percent of the nation's population in more than 180 cities and towns. PTCL has also recently expanded coverage o
Published 14 Mar, 2012 12:00am
FUUAST clash: LEAs personnel among seven injured

FUUAST clash: LEAs personnel among seven injured

Yet another skirmish was witnessed between two students' organisations at Federal Urdu University of Arts, Science and Technology (FUUAST) that left seven persons including a cop and rangers personnel injured on Tuesday. According to police and eye-witnes
Published 14 Mar, 2012 12:00am
Qaim to chair GHDA meeting today

Qaim to chair GHDA meeting today

A meeting of the Board of Directors of Gorakh Hills Development Authority (GHDA) will be held on Wednesday (today) with Sindh Chief Minister Qaim Ali Shah in the chair. According to sources in the tourism department, the meeting would discuss many issues
Published 14 Mar, 2012 12:00am
Exhibition

Exhibition

The Consulate General of Indonesia in Karachi in collaboration with Hyderabad Chamber of Commerce and Industry is organizing a two-day exhibition of Indonesian products from March 17 to 18, 2012 at Indus hotel. President HCCI Seth Goharullah in a press st
Published 14 Mar, 2012 12:00am
USAID Agribusiness Project: DAAMUK inks MoU with ASF

USAID Agribusiness Project: DAAMUK inks MoU with ASF

Department of Agriculture and Agribusiness Management, University of Karachi (DAAMUK) has signed a Memorandum of Understanding ("MoU") with Agribusiness Support Fund (ASF) under the USAID Agribusiness Project. Under this agreement, the ASF will provide fi
Published 14 Mar, 2012 12:00am
Results of HSC Part II Science General (Group) supplementary exams 2011

Results of HSC Part II Science General (Group) supplementary exams 2011

Board of Intermediate Education Karachi (BIEK) announced results of HSC Part II Science General (Group) supplementary Examinations 2011 on Tuesday. BIEK also announced the results of Pre-Engineering (Group) Part II Supplementary Examinations 2011 and Huma
Published 14 Mar, 2012 12:00am
Transfers, postings of civil judges, magistrates

Transfers, postings of civil judges, magistrates

The Chief Justice and Judges of the High Court of Sindh have ordered the transfers and postings of Civil Judges & Judicial Magistrates with immediate effect in the public interest including Muhammad Jawaid Salman (Report to High Court ) has been posted at
Published 14 Mar, 2012 12:00am
Civil judges, judicial magistrates reinstated

Civil judges, judicial magistrates reinstated

The Chief Justice, under the Sindh Civil Servants (Efficiency and Discipline) Rules, 1973, has reinstated some Civil Judges and Judicial Magistrates with immediate effect, without prejudice to the final result of disciplinary proceedings pending against t
Published 14 Mar, 2012 12:00am
Warning against populist measures

Warning against populist measures

The Pakistan Institute of Development Economics (PIDE) is a renowned economic institution of the country and offers very sane policy advice most of the time. In its latest report, the PIDE has observed that "with the government embroiled in political cont
Published 14 Mar, 2012 12:00am
Killing of Afghan civilians

Killing of Afghan civilians

Since the invasion and occupation of Afghanistan the US soldiers have killed thousands of innocent civilians and explained casualties as collateral damage or the result of a mistake. But what happened in the wee hours of Sunday in Panjwayi district of sou
Published 14 Mar, 2012 12:00am
Someone must be trusted, let it be the judges

Someone must be trusted, let it be the judges

Lord Denning M.L. the Twentieth Century British Judge and Jurist in his famous book "The Family Story" has remarked: "Every judge on his appointment discards all politics and all prejudice. You need have no fear. The judges of England have always in the p
Published 14 Mar, 2012 12:00am
Syrian women and children seek safety after 'massacre'

Syrian women and children seek safety after 'massacre'

Shortly after news spread about a massacre in the Homs neighbourhood of Karm al-Zeitoun - and that women were raped and children slaughtered - Asma decided that she had to escape no matter at what cost. Along with her three daughters and two sons, Asma wa
Published 14 Mar, 2012 12:00am
The Balochistan cauldron

The Balochistan cauldron

Akhtar Ali produced an excellent write-up on Balochistan, particularly on its economic potential for future development, carried by Business Recorder in two parts on March 1 and 2. I am not challenging his right as an economist. The main complaint
Published 14 Mar, 2012 12:00am
Livestock owners informed about contagious diseases

Livestock owners informed about contagious diseases

The Director, Directorate of Animal Husbandry Sindh, Dr Abdullah Mewati has informed the livestock owners and farmers about the possibilities of spreading of the contagious diseases in large animals (cattle, buffaloes) as well as small animal (sheep & goa
Published 14 Mar, 2012 12:00am
SU announces results

SU announces results

The University of Sindh announced the results of college side M.Sc. previous and final and M.Com final under annual examinations 2011 here on Tuesday. According the results notified by the controller of examinations (Annual) in M.Sc. final 11 candidates s
Published 14 Mar, 2012 12:00am
Plan prepared for generating 2,000 megawatts of electricity: Hoti

Plan prepared for generating 2,000 megawatts of electricity: Hoti

Chief Minister, Khyber-Pakhtunkhwa, Ameer Haider Khan, said that the provincial government has prepared an action plan for generating 2,000 mega watt electricity, besides meeting supply and demand, to generate financial resource also for the province.
Published 14 Mar, 2012 12:00am
Mobilink holds musical concert

Mobilink holds musical concert

Mobilink, Pakistan's market-leader in cellular services and a part of Orascom Telecom Holding, organised a vibrant musical concert for the customers of its popular brand - Jazz. The musical event featured Pakistan's popular and talented singer, Ali Zafar.
Published 14 Mar, 2012 12:00am
OMD World-wide sets up operations in Pakistan

OMD World-wide sets up operations in Pakistan

OMD World-wide, the international leader in Media Planning & Buying has set up its operations in Pakistan, to expand its territorial strength in South Asia. OMD, an Omnicom Group Company, manages 38 out of 100 of the most exciting global brands across 80
Published 14 Mar, 2012 12:00am
Al-Khidmat organises free medical camp

Al-Khidmat organises free medical camp

Al-Khidmat Welfare Society has organised a day-long free medical camp at Behar Colony to facilitate the poor people of the area here. General physician and eye Specialist examined the patients in the camp and prescribed them medicines, which were also pro
Published 14 Mar, 2012 12:00am
PPIB accused of placing Rs 736 million burden on SNGPL

PPIB accused of placing Rs 736 million burden on SNGPL

Sui Northern Gas Pipeline Limited (SNGPL) has reportedly accused Private Power Infrastructure Board (PPIB) of placing an illegal financial burden of Rs 736 million on it with regard to capacity payment meant for four Independent Power Producers (IPPs).
Published 14 Mar, 2012 12:00am
Shankar inaugurates Art of Living Peace centre

Shankar inaugurates Art of Living Peace centre

Indian spiritual leader Sri Sri Ravi Shankar on Tuesday called for adopting the principles and values of spirituality as a binding force to unite people with peace on concept of 'One World Family'. Founder of the organisation 'Art of Living' with presence
Published 14 Mar, 2012 12:00am
Negative list: ICCI urges government to pursue go-slow policy

Negative list: ICCI urges government to pursue go-slow policy

Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to follow go-slow policy in phasing out negative list for trade with India. Addressing to a seminar on post Most Favoured Nation (MFN) implication for industrial sectors of Pakista
Published 14 Mar, 2012 12:00am
IEEEK to hold Multi Topic Symposium today

IEEEK to hold Multi Topic Symposium today

Institution of Electrical and Electronics Engineers Karachi centre will hold the 27th Multi Topic Symposium here on March 14 and 15. The symposium will be inaugurated by the Provincial Minister for Information and Electric Power Shazia Marri. Keynote addr
Published 14 Mar, 2012 12:00am
US MIDDAY: platinum rises

US MIDDAY: platinum rises

Platinum rose for a fifth day in a row on Tuesday, the industrial metal's longest stretch of gains since October, regaining its premium to weaker bullion for the first time in six months. Gold came under pressure after a brief flurry to above $1,700 per o
Published 14 Mar, 2012 12:00am
US MIDDAY: copper soars

US MIDDAY: copper soars

In New York, the May COMEX contract rose 6.50 cents, or 1.7 percent, to settle at $3.9025 per lb, near the upper end of its $3.8415 to $3.9165 session range. In after-hours trade, it eased back below $3.90, but remained up more than 1.5 percent from Monda
Published 14 Mar, 2012 12:00am
US MIDDAY: soya jumps

US MIDDAY: soya jumps

US soyabean futures jumped more than 1 percent early on Tuesday in the steepest rally in a month, nearing the 5-1/2 month high struck last week on renewed worries of tighter supplies following a drought in South America's crop belt. Wheat drifted lower, f
Published 14 Mar, 2012 12:00am
Platinum hits parity with gold in London trade

Platinum hits parity with gold in London trade

Platinum rose for a fifth day in a row on Tuesday, its longest stretch of gains since October, pushing the price above that of gold for the first time in six months, while gold fell below $1,700 an ounce before a US rate decision.
Published 14 Mar, 2012 12:00am
Gold gains in Asia

Gold gains in Asia

Gold ticked higher on Tuesday as the euro rebounded although trading was cautious with investors waiting for the outcome of a Federal Reserve meeting, which could offer clues over the direction of interest rates in the world's largest economy. Gold added
Published 14 Mar, 2012 12:00am
Gold falls in New York

Gold falls in New York

Gold fell on Monday, retreating from the previous session's rally as investors worried about data showing a massive drop in money managers' bullish position on gold and silver futures.
Published 14 Mar, 2012 12:00am
Arabica coffee rises

Arabica coffee rises

US arabica coffee futures rebounded modestly on Tuesday after falling to a 17-month low in the prior session, while cocoa markets pared their losses and sugar edged up. May arabica coffee futures on ICE climbed 1.3 cents, or by 0.7 percent, to settle at $
Published 14 Mar, 2012 12:00am
Palm oil perks up

Palm oil perks up

Malaysian crude palm oil futures edged up on Tuesday, as traders bet energy markets would hold firm and eyed the outlook for US corn plantings, which could take more acreage from soybeans and limit global edible oil supply this year.
Published 14 Mar, 2012 12:00am
Corn rallies

Corn rallies

US corn futures climbed for a second straight session on Monday as tight supplies of grain harvested last autumn and strong cash markets rallied the benchmark May contract more than 2 percent, the strongest gain in nearly three months. Wheat followed corn
Published 14 Mar, 2012 12:00am
Tokyo rubber higher

Tokyo rubber higher

Tokyo rubber futures edged higher on Tuesday on the back of firm oil prices but the rise was capped by thin trading volumes as investors waited for clear policy moves from the Bank of Japan, dealers said. The benchmark rubber contract on the Tokyo Commodi
Published 14 Mar, 2012 12:00am
Oil ends at 11-month peak on economic data, Fed

Oil ends at 11-month peak on economic data, Fed

Brent crude prices rose and settled at an 11-month peak on Tuesday as improving German economic sentiment, rising US retail sales and the US central bank's reiteration that it plans to keep interest rates low fuelled optimism about economic growth.
Published 14 Mar, 2012 12:00am
Copper moves up

Copper moves up

Copper hit its highest in a week on Tuesday ahead of a US Federal Reserve policy statement, supported by upbeat economic data from Germany and the United States, although gains were kept in check by uncertainty about demand in top consumer China.
Published 14 Mar, 2012 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded June copper contract on the Shanghai Futures Exchange rose 0.7 percent to 61,040 yuan ($9,600) a tonne ON Tuesday. Trading volumes, however, were light. "There is really not a clear direction and people want a fresh stimulant," said a Shan
Published 14 Mar, 2012 12:00am
New York cotton ends slightly higher

New York cotton ends slightly higher

Cotton futures settled slightly firmer Tuesday as it ended a five-day losing streak on trade and possible consumer buying, analysts said. The benchmark May contract on ICE Futures US rose 0.04 cent to finish at 88.04 cents per lb, dealing from 87.94 to 88
Published 14 Mar, 2012 12:00am
Guatemalan gets 6,060 years prison for 1982 massacre

Guatemalan gets 6,060 years prison for 1982 massacre

A Guatemalan court here sentenced a former elite special forces member to 6,060 years in prison for his role in the slaughter of 201 farmers in 1982, one of the worst atrocities in Guatemala's civil war. Guatemala's First Court B of High Risk late Monday
Published 14 Mar, 2012 12:00am
Myanmar court jails ethnic rebel leader

Myanmar court jails ethnic rebel leader

A Myanmar court sentenced a top leader of an ethnic rebel group to life imprisonment for high treason on Tuesday, his lawyer said, a move that could complicate a government-led peace process aimed at settling decades-old separatist conflicts.
Published 14 Mar, 2012 12:00am
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