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Archive - 2012-03-22
Gold slumps to two-month low
Top News

Gold slumps to two-month low

LONDON: Gold fell on Thursday to its lowest since mid-January as a strong dollar weighed on price, with the market havin
Published 22 Mar, 2012 07:09pm
Clinton to attend Syria talks in Turkey
Top News

Clinton to attend Syria talks in Turkey

WASHINGTON: US Secretary of State Hillary Clinton will attend the next "Friends of Syria" talks in Istanbul, an official
Published 22 Mar, 2012 06:34pm
ISE-10 sheds 4 points
Markets

ISE-10 sheds 4 points

ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Thursday witnessed bearish trend as the index was down by Rs.4.57 po
Published 22 Mar, 2012 04:54pm
Pakistan wins Asia Cup
Top News

Pakistan wins Asia Cup

DHAKA: Pakistan claimed the Asia Cup with a thrilling two-run victory over a dogged Bangladesh on Thursday, breaking th
Published 22 Mar, 2012 04:31pm
Pakistan, India discuss TAPI project
Top News

Pakistan, India discuss TAPI project

ISLAMABAD: Muhammad Ejaz Chaudhry, Secretary Petroleum & Natural Resources met his Indian counterpart G.C. Chaturvedi in
Published 22 Mar, 2012 04:25pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI: The KSE-100 index on Thursday lost 19.83 points and closed at the level of 13,273.29 points due to selling by b
Published 22 Mar, 2012 03:42pm
Govt can't think to gag media: Firdous
Top News

Govt can't think to gag media: Firdous

ISLAMABAD: Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan said on Thursday that the media was a
Published 22 Mar, 2012 03:40pm
US jobless claims fall to 4-year low
Top News

US jobless claims fall to 4-year low

WASHINGTON: The number of Americans claiming new unemployment benefits dropped to a four-year low last week, offering fu
Published 22 Mar, 2012 03:20pm
Gold slips to Rs49,071
Markets

Gold slips to Rs49,071

KARACHI: Gold slipped by Rs 300 to Rs 49,071 per 10 grams in the local market Thursday as its international price droppe
Published 22 Mar, 2012 02:27pm
Forex improves to $ 16.395bn
Top News

Forex improves to $ 16.395bn

KARACHI: Pakistan's liquid foreign reserves have improved by $ 5.3 million to more than $ 16.395 billion on March 16, 20
Published 22 Mar, 2012 01:33pm
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Thursday until 12:33 P.M., KSE-100 Index remained in the negative after around one hour of market opening an
Published 22 Mar, 2012 08:50am
Psychological effects of abortion

Psychological effects of abortion

Abortion is defined as the termination of pregnancy by the removal or expulsion from the uterus of a fetus or embryo prior to viability. Abortion can occur spontaneously, in which case it is usually called a miscarriage or it can be purposely induced. The
Published 22 Mar, 2012 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
Judges' appointment: Aitzaz named as member parliamentary committee

Judges' appointment: Aitzaz named as member parliamentary committee

Senator Aitzaz Ahsan was nominated on Wednesday as member of the Parliamentary Committee for appointment of superior courts' judges. After being named as member of the committee, the eminent jurist has emerged as a leading candidate for the chairmanship o
Published 22 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.
Published 22 Mar, 2012 12:00am
Zakat/charity distribution: PPP MPA for introducing flawless mechanism

Zakat/charity distribution: PPP MPA for introducing flawless mechanism

A Pakistan People's Party's (PPP) legislator on Wednesday showed concerns over the flawed mechanism of Zakat and charity dispensation amongst the poor in the province, urging the government to introduce a new set-up to help the needy people benefit from s
Published 22 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.
Published 22 Mar, 2012 12:00am
Condolence

Condolence

Prominent personalities including eminent journalist and Chief Editor, Nawa-i-Waqat group of newspaper, Majid Nizami, former Chief Justice Lahore High Court, Khwaja Muhammad Sharif, and the Punjab Police chief, Haji Habibur Rahman visited Jamaat-e-Islami,
Published 22 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
Defence matters: much needs to be done: PILDAT

Defence matters: much needs to be done: PILDAT

Some inroads have been made by the parliamentary body to take up the defence and national security issues, but much more needs to be done to inculcate supremacy of democratic institutions as far as defence matters are concerned.
Published 22 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Wednesday (March 21, 2012) and the forecast for Thursday (March 22, 2012).
Published 22 Mar, 2012 12:00am
Hesco announces shutdown schedule

Hesco announces shutdown schedule

The management of Hyderabad Electric Supply Company (Hesco) on Wednesday announced power suspension for necessary repair and maintenance work at different grid stations from March 24 to 28.
Published 22 Mar, 2012 12:00am
Five alleged extortionists apprehended

Five alleged extortionists apprehended

Special Investigation Unit (SIU) on Wednesday claimed to have apprehended five extortionists in separate raids from different parts of the metropolis. The alleged extortionists have been identified as Sufiyan, Yasin, Arsalan Lodhi, Asad Ali and Younus.
Published 22 Mar, 2012 12:00am
National Council for Food Security to be established

National Council for Food Security to be established

The government on Wednesday announced to establish 'national council for food security' in the country to achieve 'Zero hunger action plan' to be implemented in the next five years in the face of growing plague of double digit inflation triggered by the p
Published 22 Mar, 2012 12:00am
Car lifters' gang held

Car lifters' gang held

A gang of car lifters widely involved in crime across the province was nabbed here by police. Briefing the journalists, tehsil Liaqutpur's Pakka Laran police said they caught Altaf Hussain, Shaukat Gopang and their accomplice Sumera who admitted car invol
Published 22 Mar, 2012 12:00am
Measures taken to regulate bachat bazaars

Measures taken to regulate bachat bazaars

The Enterprise & Investment Promotion Department of Karachi Metropolitan Corporation (KMC) has taken measures to bring the holding of weekly bachat bazaars in the city under the rules and regulations so that the recovery of revenue of the department could
Published 22 Mar, 2012 12:00am
Polio eradication government's top priority: Zardari

Polio eradication government's top priority: Zardari

President Asif Ali Zardari on Wednesday said polio eradication was amongst the top priorities of the government in health sector. Talking to Chair of Rotary's International Polio Plus Committee Dr Robert S. Scott at Aiwan-e-Sadr, the President said Pakist
Published 22 Mar, 2012 12:00am
Gilani for immediate end to forced loadshedding

Gilani for immediate end to forced loadshedding

Prime Minister Yousuf Raza Gilani has directed Pepco for an immediate end to forced loadshedding in country, sources said. According to reliable sources, the prime minister had convened an emergent meeting this week to hold accountable from among the Pepc
Published 22 Mar, 2012 12:00am
Dr Chishty: PCP chief hails Indian government's decision

Dr Chishty: PCP chief hails Indian government's decision

The Chairman, Press Council of Pakistan, Raja M. Shafqat Khan Abbasi has hailed the decision of the Indian government and authorities for the release of an old academician S M Khalil Chishty, enabling him to spend his remaining last days of life with his
Published 22 Mar, 2012 12:00am
Punjab government allocates Rs 2,500 million for livestock development

Punjab government allocates Rs 2,500 million for livestock development

Punjab Minister for Livestock and Dairy Development, Malik Ahmad Ali Aulakh has said that for the development of Sahiwal Cow, Nili Ravi buffalo and other breeds, a state-of-the-art Semen Production Unit (SPU) is being constructed at Khizar Abad, which wil
Published 22 Mar, 2012 12:00am
Urs of Shah Rukan Udden from March 28

Urs of Shah Rukan Udden from March 28

The three-day 698th annual Urs of great saint of sub-continent Hazrat Shah Rukan Udden Alam Multani will commence from March 28 and continue till 30th. This was disclosed at a meeting held at the DCO office, here on Wednesday with the DCO Mudassar Riaz Ma
Published 22 Mar, 2012 12:00am
Hearing against SHO put off

Hearing against SHO put off

The Lahore High Court sent a SHO of factory area to jail for entering the house of petitioner and disgracing her. Petitioner Mehvish of Walton contended before the court that respondent SHO Attique Dogar entered her house to search her husband and disgrac
Published 22 Mar, 2012 12:00am
Railways fail to get Rs 40 million dues from private operators

Railways fail to get Rs 40 million dues from private operators

Pakistan Railways (PR) Administration has failed to receive Rs 40 million outstanding dues owed by Four Brothers International, private operators of Business Express. Pakistan Railways dispatched a final reminder to the party on Tuesday and representative
Published 22 Mar, 2012 12:00am
Walk organised to mark Tuberculosis Day

Walk organised to mark Tuberculosis Day

Special Assistant to Chief Minister Punjab on Health Khawaja Salman Rafique has said that the government has allocated sufficient funds for providing modern health facilities to the people of Punjab. Talking to reporters after leading an awareness walk re
Published 22 Mar, 2012 12:00am
Terror bid averted in Hangu

Terror bid averted in Hangu

Police on Wednesday averted a terror bid by defusing a 12 kilogram bomb in Darandi Palosa area. According to the police, the powerful bomb planted in a pressure cooker was under Darandi Palosa Bridge on Samana Road. On receiving the information, a bomb di
Published 22 Mar, 2012 12:00am
'80 percent of tax refund cases disposed of in RTO Faisalabad'

'80 percent of tax refund cases disposed of in RTO Faisalabad'

About 80 per cent of small and old tax refund cases have been disposed of in Regional Tax Office Faisalabad and preference is being given to reduce the tendency of refund claims. This was stated by the Chief Commissioner, Inland Revenue Faisalabad Muhamma
Published 22 Mar, 2012 12:00am
Government to complete its tenure: Khosa

Government to complete its tenure: Khosa

Governor Punjab Sardar Latif Khosa on Wednesday said that those who are speculating on the change of the prime minister would have to face dismay. "Syed Yousaf Raza Gilani is prime minister and will be prime minister in future as well. The government will
Published 22 Mar, 2012 12:00am
General Wynne calls on Commander Sri Lanka Army

General Wynne calls on Commander Sri Lanka Army

Chairman Joint Chiefs of Staff Committee, General Khalid Shameem Wynne who is on an official visit to Sri Lanka called on Commander of Sri Lanka Army, Lieutenant General Jagth Jaysuriya in Colombo. Chairman discussed matters related to mutual interest and
Published 22 Mar, 2012 12:00am
PCNS recommendations: Dar put on the defensive in a careless manner

PCNS recommendations: Dar put on the defensive in a careless manner

The leader of the opposition in the National Assembly, Chaudhry Nisar Ali Khan inadvertently put the leader of the opposition in the Senate on the defensive over the 16-point recommendations by the Parliamentary Committee on National Security (PCNS) for n
Published 22 Mar, 2012 12:00am
NESPAK executes 3,250 projects in 39 years

NESPAK executes 3,250 projects in 39 years

National Engineering Services Pakistan (NESPAK) executed 3250 national development projects at home and abroad with a cumulative cost of over Rs 8000 billion and yielded revenue of about Rs 40 billion up to December 31, 2011 which is an historic achieveme
Published 22 Mar, 2012 12:00am
Breast cancer awareness drive launched

Breast cancer awareness drive launched

Pink Ribbon Campaign (PRC), in collaboration with Higher Education Commission (HEC) and Pakistan Atomic Energy Commission (PAEC) has launched breast cancer awareness drive in Lahore to reach out to 60,000 girls through 19 universities and colleges.
Published 22 Mar, 2012 12:00am
PBC decides to register criminal case against afake lawyer

PBC decides to register criminal case against afake lawyer

The Disciplinary Committee of the Punjab Bar Council (PBC) on Wednesday decided to get register a criminal case against a fake lawyer Hammad Mushtaq who tortured a genuine lawyer and litigants in District courts. The committee asked PBC secretary to get t
Published 22 Mar, 2012 12:00am
'Exchange of delegations to improve Pak-Thai ties'

'Exchange of delegations to improve Pak-Thai ties'

Thailand Princes Maha Chakri Sirindhorn said on Wednesday that Pak-Thai diplomatic relations, based on friendship, could be taken to new heights through frequent exchange of delegations between the two countries. The Thai Royal Guest said this in her brie
Published 22 Mar, 2012 12:00am
Demonstration held against kidnapping of Wapda employees

Demonstration held against kidnapping of Wapda employees

Members of civil society on Wednesday held a protest demonstration against the kidnapping of Wapda employees from Badbher and demanded of the government to take effective steps for their safe recovery. The protestors were holding banners and placards insc
Published 22 Mar, 2012 12:00am
'Date processing zone': Saudi businessman not making investment

'Date processing zone': Saudi businessman not making investment

A foreign investor belonging to Bin Daood family of Saudi Arabia, who had earlier shown interest to establish "Date Processing Zone" in Khairpur Mir's district, has refused to make any investment in view of the deteriorating law and order situation, Bu
Published 22 Mar, 2012 12:00am
Cabinet reshuffle a routine matter: Prime Minister

Cabinet reshuffle a routine matter: Prime Minister

Prime Minister Syed Yousuf Raza Gilani did not ruled out change in Cabinet, saying that reshuffling of federal Cabinet is a routine matter. Talking to media after a function organised in connection with Zero Hunger Plan, he said that reshuffle of the cabi
Published 22 Mar, 2012 12:00am
World Poetry Day observed

World Poetry Day observed

World Poetry Day was observed on March 21 across the world including Pakistan to appreciate and support poets and poetry around the world. World Poetry Day is an invitation to reflect on the power of language and the full development of each person's crea
Published 22 Mar, 2012 12:00am
Call for adopting birth spacing to save lives of mother, child

Call for adopting birth spacing to save lives of mother, child

Birth spacing to save the lives of both mother and child should be adopted as national policy for promoting maternal and child health care, said Imtiaz Shaikh, Advisor to Chief Minister Sindh, here on Wednesday. He was addressing a seminar on "Reinvigorat
Published 22 Mar, 2012 12:00am
Non-implementation of decisions: PC Board voices concern

Non-implementation of decisions: PC Board voices concern

The Privatisation Commission Board, to review the implementation of Board's decision of last two years, met here on Wednesday with Federal Minister for Privatisation Ghous Bux Khan Maher in the chair. PC Board showed concern over unimplemented decisions a
Published 22 Mar, 2012 12:00am
Deputation list: names of over 50 officers still not mentioned

Deputation list: names of over 50 officers still not mentioned

Although the Sindh government had submitted the list of 81 officers, posted on deputation in other departments to the Supreme Court of Pakistan but there were over 50 other officers who were enjoying deputation posts but their names were not mentioned in
Published 22 Mar, 2012 12:00am
Civil-military imbalance a critical political issue: Babar

Civil-military imbalance a critical political issue: Babar

The civil-military imbalance is a critical political issue that has made Pakistan a security-driven instead of a welfare-oriented state that can be addressed only collectively by the Parliament, the government, the political parties, the media and the civ
Published 22 Mar, 2012 12:00am
Omar made Mobilink HR Business department's head

Omar made Mobilink HR Business department's head

Former Director Public Relations and Corporate Social Responsibility, Omar Manzur has been appointed as the Head of newly established "Business Partners" department within Mobilink Human Resource division. As the Head HR Business Partner, Omar will serve
Published 22 Mar, 2012 12:00am
Geelani urges masses to boycott municipal polls in IHK

Geelani urges masses to boycott municipal polls in IHK

The veteran Kashmiri Hurriyet leader in occupied Kashmir Syed Ali Geelani has urged people to boycott municipal elections in the territory. Ali Geelani in a statement issued in Srinagar said that the elections were used by India to mislead the internation
Published 22 Mar, 2012 12:00am
NCSW to ensure women empowerment as autonomous body

NCSW to ensure women empowerment as autonomous body

Lack of adequate financial resources has always been a major problem with the National Commission on the Status of Women (NCSW) but after getting the status of an autonomous body, the Commission would be able to ensure women empowerment more effectively.
Published 22 Mar, 2012 12:00am
Water-borne diseases: over 250,000 children die in country annually

Water-borne diseases: over 250,000 children die in country annually

Speakers at a seminar have stressed the need for proper water management in Pakistan saying that over 250,000 children die due to water-borne diseases in the country annually. Academia and experts giving their viewpoint on the seminar titled "Rain Water H
Published 22 Mar, 2012 12:00am
UVAS organising seminar on water, food security today

UVAS organising seminar on water, food security today

University of Veterinary and Animal Sciences (UVAS) faculty of fisheries and wildlife is organizing one-day seminar on Water and Food Security" to mark the World Water Day on Thursday at university's Ravi Campus Pattoki. UVAS Vice Chancellor Professor Dr
Published 22 Mar, 2012 12:00am
Rs 1.8 million granted to Lahore Press Club

Rs 1.8 million granted to Lahore Press Club

Special Assistant to Chief Minister Punjab for Information, Senator, Pervaiz Rashid, has said that freedom of media is equally beneficial to governments, political parties and the societies. He said that government of Muslim League-N has given priority to
Published 22 Mar, 2012 12:00am
FDE plans to induct 5,000 employees

FDE plans to induct 5,000 employees

Federal Directorate of Education (FDE) has planned to induct around 5,000 employees after lifting up ban on recruitment by the government in the month of April. Spokesman FDE, Waqar Ashraf informed APP that "the directorate has prepared a case to induct a
Published 22 Mar, 2012 12:00am
Non-release of funds: PDDC fails to fulfil its obligations

Non-release of funds: PDDC fails to fulfil its obligations

The virtually dormant Pakistan Dairy Development Company (PDDC) has failed to fulfil its financial/contractual obligations due to non release of funds by the federal government for functioning of the PDDC. PDDC was established in 2005 as a Special Initiat
Published 22 Mar, 2012 12:00am
No shortage of anti-tetanus shots

No shortage of anti-tetanus shots

All the teaching hospitals of Lahore have a sufficient stock of anti-tetanus injections in their pharmacies and there is no shortage of such injections. A spokesman of Health Department Punjab said here on Wednesday that the Government Lady Aitchison Hosp
Published 22 Mar, 2012 12:00am
Younus Bashir acting KCCI President

Younus Bashir acting KCCI President

Younus Muhammad Bashir, Senior Vice President of Karachi Chamber of Commerce and Industry (KCCI), in the absence of President KCCI, Mian Abrar Ahmad, will hold the office of acting President KCCI.
Published 22 Mar, 2012 12:00am
Milestone Event International to launch 'TITEX 2012'

Milestone Event International to launch 'TITEX 2012'

Milestone Events International Pvt Ltd will launch TITEX 2012. The first of its kind, the exhibition will focus on addressing real industrial challenges and optimal utilisation of available technological resources, said Amad Aslam, Director Projects at Mi
Published 22 Mar, 2012 12:00am
Prime Minister appoints Irfan Qadir as Secretary Law

Prime Minister appoints Irfan Qadir as Secretary Law

Prime Minister Syed Yousuf Raza Gilani has appointed Irfan Qadir, Senior Advocate, presently working as Consultant (Legal Affairs), President's Secretariat as Secretary Law, Justice and Parliamentary Affairs Division with immediate effect. Muhammad Masood
Published 22 Mar, 2012 12:00am
Debate on foreign policy landmark achievement: Wattoo

Debate on foreign policy landmark achievement: Wattoo

Federal Minister for Kashmir Affairs and Gilgit-Baltistan Mian Manzoor Ahmad Wattoo on Wednesday said it was a landmark achievement of the government to bring the foreign policy for debate in the parliament. He said it happened first time in the history o
Published 22 Mar, 2012 12:00am
NDM/Off-Market: KSE notifies changes in reporting mechanism

NDM/Off-Market: KSE notifies changes in reporting mechanism

The Karachi Stock Exchange (KSE) has informed all the members that effective March 26, 2012 all Negotiated Deals (NDs)/Off-Market transactions reported to the Exchange through Negotiated Deals Market (NDM) will be cleared and settled through National Clea
Published 22 Mar, 2012 12:00am
Under-trial prisoner commits suicide

Under-trial prisoner commits suicide

The under trial prisoner reportedly claimed his life at a bathroom of Malir Court in the limits of Al Falah police station on Wednesday. According to police, the incident took place at the bathroom of Malir Court where a 26-year-old Riaz son of Naseem Kha
Published 22 Mar, 2012 12:00am
Sindh chief minister gives Rs 50 million for KUJ Endowment Fund

Sindh chief minister gives Rs 50 million for KUJ Endowment Fund

Sindh Chief Minister Syed Qaim Ali Shah on Wednesday handed over a cheque of Rs 50 million to Karachi Union of Journalists (KUJ) as Endowment Fund for the welfare of journalists. Speaking on the occasion at Chief Minister House, he said that journalists h
Published 22 Mar, 2012 12:00am
SBP sees exports three percent decline in fiscal year 2012 exports

SBP sees exports three percent decline in fiscal year 2012 exports

The State Bank of Pakistan is expecting a decline of some 3 percent in the country's export during the current fiscal year mainly due to fall in cotton prices and energy shortage. The country's exports have posted a nominal Year on Year growth of 3.6 perc
Published 22 Mar, 2012 12:00am
SAI condemns allegations against Minister

SAI condemns allegations against Minister

SITE Association of Industries (SAI) department on Wednesday has strongly denied the allegations levelled by a politician published in different sections of media that Sindh Minister for Commerce and Industries Abdul Rauf Siddiqui is taking extortion (Bha
Published 22 Mar, 2012 12:00am
Skin protection Hamdard's awareness campaign

Skin protection Hamdard's awareness campaign

An awareness campaign regarding skin protection was launched by Hamdard in previous days in which 77 women colleges of country's big cities were covered and 61 thousands of girls' students were approached. During campaign students were made aware of Acne
Published 22 Mar, 2012 12:00am
SFD to host investors' conference on March 28

SFD to host investors' conference on March 28

Sindh Food Department (SFD) on behalf of the Government of Sindh, is hosting a conference for potential investors for the Modern Grain Storage Facilities PPP Project on March 28, at local hotel. The prequalification process for said project has already be
Published 22 Mar, 2012 12:00am
Government to strengthen military capabilities, says Mukhtar

Government to strengthen military capabilities, says Mukhtar

Federal Minister for Defence, Chaudhary Ahmad Mukhtar said on Wednesday the government would strengthen the conventional and strategic capabilities of the Armed Forces so as to make the defence of the country impregnable. Talking to Chief of Air Staff, Ai
Published 22 Mar, 2012 12:00am
KCCI proposes suggestions to overcome energy crisis

KCCI proposes suggestions to overcome energy crisis

The government can save billions of rupees if it provides financial support to power sector to overcome energy shortage in the country, Acting President, Karachi Chamber of Commerce and Industry (KCCI), Younus Muhammad Bashir said. Commenting on electrici
Published 22 Mar, 2012 12:00am
Interviews

Interviews

The Additional Controller of Examinations, Sindh Public Service Commission Hyderabad (SPSCH) has announced that Commission interviewed the eligible candidates for the post of Lecturer Pakistan Studies (female) BPS-17 in Education & Literacy Department, Go
Published 22 Mar, 2012 12:00am
0.5 million tons of surplus wheat to be provided to WFP: LoI signed

0.5 million tons of surplus wheat to be provided to WFP: LoI signed

The government on Wednesday signed a Letter of Intent (LoI) with the World Food Programme to provide 500,000 metric tons surplus wheat to it for making high energy food products to combat malnutrition and improve food security among vulnerable groups.
Published 22 Mar, 2012 12:00am
FATE objects to centralised selection of audit cases

FATE objects to centralised selection of audit cases

The Federal Board of Revenue is facing internal resistance in implementation of the tax policy of "centralised selection of cases for tax audits" following ineffective experiment of centralised selection of audit cases through computerised system at the l
Published 22 Mar, 2012 12:00am
KSE accepts R A Securities application for membership

KSE accepts R A Securities application for membership

The Karachi Stock Exchange (KSE) has accepted the corporate membership application of M/s R. A. Securities (Private) Limited on the nomination of Haroon Suleman, a member of KSE. Accordingly, M/s R.A. Securities has been admitted as a corporate member of
Published 22 Mar, 2012 12:00am
KSE holiday

KSE holiday

The Karachi Stock Exchange (KSE) will remain closed on Friday, March 23, on account of Pakistan Day. This was announced by the KSE, in its notice sent to all members here on Wednesday.
Published 22 Mar, 2012 12:00am
Advice to allergy, asthma patients: dust storm likely to continue today

Advice to allergy, asthma patients: dust storm likely to continue today

The dust storm in the country is likely to continue on Thursday, therefore, asthma and allergy prone patients need to take extraordinary precautionary measures in order to avoid complications, said doctors and weather experts. A severe dust storm, in Saud
Published 22 Mar, 2012 12:00am
Dust storm continues to disrupt air traffic

Dust storm continues to disrupt air traffic

Dust storm on Wednesday continued in most parts of the country causing cancellations and delay in operations of national and international flights, a senior official of Pakistan International Airlines (PIA) said. The official told this scribe that due to
Published 22 Mar, 2012 12:00am
Public holiday tomorrow

Public holiday tomorrow

The Ministry of Interior on Wednesday announced general public holiday throughout the country on March 23 (Friday) on the auspicious occasion of Pakistan Day. According to a notification issued here, it was announced that the day will start with a 31-gun
Published 22 Mar, 2012 12:00am
Cabinet reshuffle: Capital abuzz with rumours

Cabinet reshuffle: Capital abuzz with rumours

The federal capital is abuzz with rumours that the entire cabinet will tender its resignation to the Prime Minister within a month and the changes would be PPP-specific, while the coalition partners would retain their ministries. The reshuffle of the cabi
Published 22 Mar, 2012 12:00am
SECP makes electronic filing of returns mandatory

SECP makes electronic filing of returns mandatory

The Securities and Exchange Commission of Pakistan has made electronic filing of statutory returns mandatory for companies to be incorporated through eServices from May 16, 2012 onwards. The SECP has taken a "Once Online Forever Online" approach to fully
Published 22 Mar, 2012 12:00am
Agricultural credit disbursement surges by 19 percent

Agricultural credit disbursement surges by 19 percent

Agricultural credit disbursement by banks surged by 19 percent on year-on-year basis to Rs 172.563 billion in the first eight months (July-February) of the current fiscal year (2011-12). In absolute terms, disbursement of credit to the agriculture sector
Published 22 Mar, 2012 12:00am
Newly-appointed DG Rangers calls on Sindh Governor

Newly-appointed DG Rangers calls on Sindh Governor

The newly appointed Director General of Pakistan Rangers, Sindh, Major General Rizwan Akhtar, called on Sindh Governor, Dr Ishrat-ul Ebad Khan. At the meeting held at the Governor House, Dr Ishrat-ul Ebad Khan, appreciated the efforts by the Rangers towar
Published 22 Mar, 2012 12:00am
Al Meezan announces interim dividend payout for MIIF, MCF, MSF

Al Meezan announces interim dividend payout for MIIF, MCF, MSF

Al Meezan Investment Management Limited has announced interim dividend payout for Meezan Islamic Income Fund (MIIF) at Rs 2.00 per unit, Meezan Cash Fund (MCF) at Rs 0.40 per unit and Meezan Sovereign Fund (MSF) at Rs 1.30 per unit. The details of the div
Published 22 Mar, 2012 12:00am
Al Meezan announces interim dividend payout for MIIF, MCF, MSF

Al Meezan announces interim dividend payout for MIIF, MCF, MSF

Al Meezan Investment Management Limited has announced interim dividend payout for Meezan Islamic Income Fund (MIIF) at Rs 2.00 per unit, Meezan Cash Fund (MCF) at Rs 0.40 per unit and Meezan Sovereign Fund (MSF) at Rs 1.30 per unit. The details of the div
Published 22 Mar, 2012 12:00am
Meeting of KU academic council held

Meeting of KU academic council held

The Academic Council of University of Karachi has allowed its students of BS (programme) Part I, II and III to get their enrolments changed into Bachelors (Honour Programme). It was decided in the meeting of Academic Council of University of Karachi, held
Published 22 Mar, 2012 12:00am
Country has capacity to export liquor if allowed: Sindh Assembly told

Country has capacity to export liquor if allowed: Sindh Assembly told

Pakistan produces global quality of liquor with its three top distilleries and the country has the capacity to export beverage to the world if the government grants permission to this sector, Sindh Excise and Taxation Minister, Mukesh Kumar Chawla, told S
Published 22 Mar, 2012 12:00am
72 suspects detained ahead of Pakistan Day

72 suspects detained ahead of Pakistan Day

Around 74 suspects were on Wednesday detained from various parts of the provincial capital as a preventive measure to shun any sabotage activity during Pakistan Day celebrations in the city. According to Quetta police sources, the suspects had been detain
Published 22 Mar, 2012 12:00am
Three more killed

Three more killed

The spree of targeted killings continued in the city as three more persons fell victims in separate incidents at various parts of the metropolis here on Wednesday. According to the police, the first incident was reported at New Preedy Street where four al
Published 22 Mar, 2012 12:00am
Three killed in different accidents

Three killed in different accidents

At least three persons lost their lives in different mishaps at various parts of the metropolis here on Wednesday. According to police, two persons were killed while two others injured in road accident occurred at Malir 15 in the limits of Malir City poli
Published 22 Mar, 2012 12:00am
Sugar export: PSMA, AFP not on the same page

Sugar export: PSMA, AFP not on the same page

Pakistan sugar Mills Association (PSMA) is urging the government to allow the export of sugar while Agri Forum Pakistan (AFP) is opposing the idea. However, a former advisor to Ministry of Finance termed sugar a political crop and sugar industry a politic
Published 22 Mar, 2012 12:00am
Rain-hit farmers, growers seek agriculture relief

Rain-hit farmers, growers seek agriculture relief

Small farmers and growers of rain affected of Tando Allahyar demanded from Sindh Chief Minister Syed Qaim Ali Shah and other high ups to provide agriculture relief that can resume their livelihood in district.
Published 22 Mar, 2012 12:00am
Grant of leave from Assembly: SHC sets aside Arbab Rahim's plea

Grant of leave from Assembly: SHC sets aside Arbab Rahim's plea

Sindh High Court (SHC), Circuit Bench Hyderabad on Wednesday set aside the plea of Dr Arbab Ghulam Rahim for the grant of leave from Sindh Assembly session and declaring him as leader of the opposition. The petition was filed by MPAs Arbab Zulfiqar and Ab
Published 22 Mar, 2012 12:00am
Wage Board Award: Supreme Court seeks report from chairman ITNE

Wage Board Award: Supreme Court seeks report from chairman ITNE

While resuming hearing of civil miscellaneous application (CMA) Wednesday, the Supreme Court sought a report from Chairman Implementation Tribunal for Newspaper Employees (ITNE) pertaining to implementation of 7th Wage Board Award. A three-member bench le
Published 22 Mar, 2012 12:00am
Three Indian troops killed

Three Indian troops killed

Three Indian army personnel were killed and two others were injured in a road accident on Jammu-Srinagar Highway. The Indian army vehicle was on way from Poonch to Corps Headquarters when it was hit by a tanker coming from Udhampur to Jammu at Bantalab Ko
Published 22 Mar, 2012 12:00am
Prominent Pakistanis: FBR working on plan to create tax directory

Prominent Pakistanis: FBR working on plan to create tax directory

The Federal Board of Revenue is working on a plan to create an internal database of tax paid and assets of prominent Pakistanis - parliamentarians, bureaucrats particularly tax officials, judiciary, army generals, media and artists/players - with the prim
Published 22 Mar, 2012 12:00am
Atlas Honda Cars

Atlas Honda Cars

Pakistan's largest motorcycle manufacturer Atlas Honda Limited (AHL) was formed in 1988. The company was formed as a result of a merger between Panjdarya Limited and Atlas Auto Limited. It is a joint venture between Atlas group and Honda Motor Corporation
Published 22 Mar, 2012 12:00am
Atlas Honda Cars

Atlas Honda Cars

Pakistan's largest motorcycle manufacturer Atlas Honda Limited (AHL) was formed in 1988. The company was formed as a result of a merger between Panjdarya Limited and Atlas Auto Limited. It is a joint venture between Atlas group and Honda Motor Corporation
Published 22 Mar, 2012 12:00am
'Arrogant, Irreverent and Impertinent'

'Arrogant, Irreverent and Impertinent'

With these words, Zafar Iqbal was suspended from the civil service in August 1973. He was reinstated in mid-1979 with full benefits, and went on to build the National Development Finance Corporation (NDFC), and later served as Secretary Production in the
Published 22 Mar, 2012 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold traded flat on Wednesday as short-covering helped the metal recover some of the previous session's losses, but waning interest from investment funds and an improving US economic outlook impeded gains. Bullion, which has taken to follow riskier assets
Published 22 Mar, 2012 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

In New York, the May COMEX contract rose 1.50 cents to settle at $3.8455 per lb, after dealing between $3.8275 and $3.87. Volumes stood around 41,300 lots in late New York business, down by more than 40 percent from the 30-day norm, according to prelimina
Published 22 Mar, 2012 12:00am
US MIDDAY: soya rebounds

US MIDDAY: soya rebounds

US soyabean prices rebounded Wednesday after a two-day sell-off, underpinned by short-covering, talk of Chinese demand and worries that US farmers might not plant enough soyabeans this spring to meet global demand. Wheat futures posted modest gains, conso
Published 22 Mar, 2012 12:00am
Copper moves higher

Copper moves higher

Copper rose on Wednesday after sharp falls in the previous session as the dollar pared gains after disappointing US housing data, although evidence of slower growth in China's demand for commodities restrained gains. Three-month copper on the London Metal
Published 22 Mar, 2012 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold prices edged higher on Wednesday after dropping nearly 1 percent in the previous session, as a slightly weaker dollar came to the aid of buyers, while sluggish physical demand and an improving US economic outlook capped gains. Spot gold edged up 0.1
Published 22 Mar, 2012 12:00am
Gold falls in New York

Gold falls in New York

Gold fell on Tuesday, on track to snap a three-day winning streak, amid selling prompted by lower crude oil and US equity markets and a spate of positive US economic data that eroded hopes of more US monetary easing. Spot gold narrowed its losses by 1:18
Published 22 Mar, 2012 12:00am
Arabicas pop higher

Arabicas pop higher

Arabica coffee futures climbed Wednesday on short-covering while raw sugar's attempt to push up ran into producer and investor selling causing it to fall. The rest of the complex was down in a somewhat tepid session in the softs complex. May arabicas on I
Published 22 Mar, 2012 12:00am
Palm oil rebounds

Palm oil rebounds

Malaysian palm oil futures rebounded slightly on Wednesday, as an upbeat demand outlook for the edible oil offset earlier losses on the back of lower crude oil that was weighed by Saudi Arabia's supply pledge. Palm oil hit a 9-month high of 3,418 ringgit
Published 22 Mar, 2012 12:00am
Corn and soya down

Corn and soya down

US corn futures fell 2.4 percent on Tuesday while soyabeans and wheat also slid as funds liquidated long positions amid bearish chart signals and favourable US crop weather. Both corn and soyabeans posted their biggest daily declines since January.
Published 22 Mar, 2012 12:00am
Tokyo rubber futures drop

Tokyo rubber futures drop

Tokyo rubber futures dropped 1.6 percent to a near 2-week low on Wednesday, tracking falls in share prices as China's economic slowdown dampened investor sentiment, but prices were still supported by limited supply on the physical front, dealers said.
Published 22 Mar, 2012 12:00am
Oil rises as US inventory drop offsets Saudi pledge

Oil rises as US inventory drop offsets Saudi pledge

Brent crude edged up slightly on Wednesday while US crude rose $1 in light trading as an unexpected drop in US stockpiles outweighed a pledge by top Opec exporter Saudi Arabia to meet any supply shortfall. Crude stockpiles in the world's top oil consumer
Published 22 Mar, 2012 12:00am
Shanghai copper unchanged

Shanghai copper unchanged

The most-traded June copper contract on the Shanghai Futures Exchange was mostly unchanged at 60,400 yuan ($9,600) a tonne on Wednesday. "People are starting to think China (demand growth) will slow down a bit further, but it's still holding all the keys
Published 22 Mar, 2012 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures settled higher on Wednesday on mostly speculative and investor buying as players adjusted positions ahead of the release of a government sales report Thursday, analysts said. The benchmark May contract on ICE Futures US rose 0.41 cent to en
Published 22 Mar, 2012 12:00am
Geithner, Wang discuss US-China relations, economy

Geithner, Wang discuss US-China relations, economy

US Treasury Secretary Timothy Geithner and Chinese Vice Premier Wang Qishan talked by phone on Wednesday about the US-China economic relationship and developments in the global economy, a US Treasury official said. Geithner and Wang also discussed plans f
Published 22 Mar, 2012 12:00am
Spy-for-Israel charges: US scientist gets 13 years

Spy-for-Israel charges: US scientist gets 13 years

A leading US space scientist was sentenced to 13 years in prison Wednesday for selling classified material to a US undercover agent he thought was an Israeli spy, the Justice Department said. Stewart Nozette, 54, entered a guilty plea in September as part
Published 22 Mar, 2012 12:00am
Princess Diana's former home Kensington Palace reopens

Princess Diana's former home Kensington Palace reopens

Kensington Palace, home to Queen Victoria and Princess Diana in the past and from next year to Prince William and his wife Catherine, reopens to the public Monday after extensive renovation. Fringed by manicured gardens, the red-brick palace in central Lo
Published 22 Mar, 2012 12:00am
British Afghanistan pullout to save $3.8 billion: Osborne

British Afghanistan pullout to save $3.8 billion: Osborne

Britain will spend £2.4 billion ($3.8 billion, 2.9 billion euros) less than planned on its mission in Afghanistan because combat operations will end in 2014, finance minister George Osborne said Wednesday. Osborne told lawmakers as he gave his budget for
Published 22 Mar, 2012 12:00am
Somali pirates free British hostage

Somali pirates free British hostage

Somali pirates freed British hostage Judith Tebbutt on Wednesday, saying a ransom had been paid, more than six months after gunmen killed her husband and snatched her from a luxury beach resort in neighbouring Kenya. Tebbutt's kidnapping and the subsequen
Published 22 Mar, 2012 12:00am
Russian jet takes off with 'hole in wing'

Russian jet takes off with 'hole in wing'

What looked like a large hole in the wing did not stop a Russian airline jet from taking off for Siberia with dozens of panicked passengers on board. The Boeing 737 jet was delayed on the tarmac of a Moscow airport when one of the passengers looked out of
Published 22 Mar, 2012 12:00am
Besieged gunman boasted he brought France to its knees

Besieged gunman boasted he brought France to its knees

A besieged gunman suspected of shooting dead seven people in the name of al Qaeda boasted to police on Wednesday he had brought France to its knees and said his only regret was not having been able to carry out his plans for more killings. In an unfolding
Published 22 Mar, 2012 12:00am
Mystery blast outside Indonesian embassy in Paris

Mystery blast outside Indonesian embassy in Paris

A bomb blast outside Indonesia's embassy in Paris on Wednesday caused serious damage to surrounding buildings but no injuries, police said, as investigators sought a motive for the attack. "It's a small miracle that there were no victims," a police source
Published 22 Mar, 2012 12:00am
UN tells Syria to back peace moves; violence rages

UN tells Syria to back peace moves; violence rages

The UN Security Council, including Russia, agreed on Wednesday to a statement endorsing efforts by Kofi Annan to end the Syrian uprising, providing a rare moment of global unity in the face of the year-long crisis. The statement, which threatens Syria wit
Published 22 Mar, 2012 12:00am
India's lawmakers accused of watching porn in assembly

India's lawmakers accused of watching porn in assembly

Legislators in India's western state of Gujarat allegedly watched porn during assembly, in the second sleaze scandal to hit the Hindu nationalist Bharatiya Janata Party (BJP) in recent months, officials said Wednesday. Shankar Choudhary and Jetha Dharwad,
Published 22 Mar, 2012 12:00am
US military jet crashes in South Korea

US military jet crashes in South Korea

A US military F-16 jet crashed in southern South Korea Wednesday during a training mission but its pilot ejected to safety, US authorities said. The plane crashed into a rice paddy around noon (0300 GMT) near a US air base in the western port city of Guns
Published 22 Mar, 2012 12:00am
Romney scores big win over Santorum in Illinois

Romney scores big win over Santorum in Illinois

Republican Mitt Romney cruised to an easy victory over top rival Rick Santorum in Illinois on Tuesday, moving him one step closer to clinching the party's volatile battle for the presidential nomination. Romney's comfortable win gave him a fresh burst of
Published 22 Mar, 2012 12:00am
Indian rebels reportedly offer swap for Italian hostage

Indian rebels reportedly offer swap for Italian hostage

Indian rebels have offered to release one of two abducted Italians if authorities accept some of their demands, media reports and officials said Wednesday. Rebel leader Sabyasachi Panda demanded officials of the Orissa state government release five Maoist
Published 22 Mar, 2012 12:00am
Goldman loses bid to end lawsuit over risky CDO

Goldman loses bid to end lawsuit over risky CDO

Goldman Sachs Group Inc lost its bid to dismiss a lawsuit accusing it of defrauding investors by selling risky debt linked to subprime mortgages that it planned to bet against. The decision by US District Judge Victor Marrero in New York keeps alive a hed
Published 22 Mar, 2012 12:00am
Bangladesh aim for a final roar against Pakistan

Bangladesh aim for a final roar against Pakistan

History beckons Bangladesh as they aim to rise above the minnows tag and notch up their biggest title since arriving on international scene when they take on Pakistan Thursday in the final of Asia Cricket Cup here. With former champions India and Sri Lank
Published 22 Mar, 2012 12:00am
Strauss, Trott hit tons in Sri Lanka tour match

Strauss, Trott hit tons in Sri Lanka tour match

England captain Andrew Strauss and Jonathan Trott warmed up for next week's Test series against Sri Lanka by slamming centuries in a practice match on Wednesday. Strauss made 100 and Trott scored 101 before both batsmen retired to give other batsmen a hit
Published 22 Mar, 2012 12:00am
Pakistan Day Golf to be held at Lake City

Pakistan Day Golf to be held at Lake City

The 2012 inaugural Pakistan Day Golf Tournament will be held on March 23 at the Lake City Golf and Country Club in Lake City, Lahore. The carnival for the families of the golfers will be arranged as well to keep them entertained during the day. Golfers fr
Published 22 Mar, 2012 12:00am
West Indies come up just short in Australia thriller

West Indies come up just short in Australia thriller

A thrilling third one-day international between West Indies and Australia at Arnos Vale Tuesday ended in a tie after Darren Sammy was run out with the Windies needing just one run from the last three balls to win. Sammy had hit a boundary off the previous
Published 22 Mar, 2012 12:00am
FIFA, Gambia agree to compromise over FA's future

FIFA, Gambia agree to compromise over FA's future

FIFA and the Gambia have agreed a compromise over the dissolution of the west African country's FA which will hold elections for a new board later this year, world soccer's governing body said on Wednesday. The decision comes after a meeting between FIFA
Published 22 Mar, 2012 12:00am
Record Messi goals secure points for Barca

Record Messi goals secure points for Barca

Lionel Messi scored a hat-trick to become Barcelona's all-time leading scorer on 234 goals in a 5-3 win over Granada Tuesday which moved the champions to within five points of Real Madrid at the top of La Liga. It was Barca's sixth consecutive league win
Published 22 Mar, 2012 12:00am
City face title test against buoyant Blues

City face title test against buoyant Blues

Manchester City go into Wednesday's match at home to Chelsea knowing they face a significant test of their Premier League title hopes. City's 1-0 defeat at Swansea on March 11 saw Roberto Mancini's men lose top spot in the table for the first time since O
Published 22 Mar, 2012 12:00am
EU backs 'financial fair-play' in football

EU backs 'financial fair-play' in football

The European Union has given its backing to the concept of "financial fair-play" in football to prevent clubs spending beyond their means, UEFA and the European Commission said in a joint statement on Wednesday. The vice-president of the European Commissi
Published 22 Mar, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 81.78-81.80 (previous 81.74-81.80). Call Money Rates: 11.00-12.00 percent (previous 07.00-12.50 percent).
Published 22 Mar, 2012 12:00am
Sterling slips

Sterling slips

Sterling eased from two week highs against the dollar on Wednesday after dovish minutes from the Bank of England's last policy meeting, while Chancellor George Osborne's 2012 Budget was perceived as largely neutral for the currency. Osborne was seen to be
Published 22 Mar, 2012 12:00am
Ringgit trades below 200-day average

Ringgit trades below 200-day average

The Malaysian ringgit traded below its 200-day moving average on Wednesday, falling to 2-month lows at one stage as foreign asset purchases by Malaysian state firms kept the dollar in demand, while the South Korean won slid as importers bought the greenba
Published 22 Mar, 2012 12:00am
Indian rupee at two-week low

Indian rupee at two-week low

The Indian rupee fell to its weakest level in two weeks on Wednesday, despite upbeat sentiment in local stocks and suspected dollar sales by the central bank to shore up the domestic currency. The rupee ended at 50.66/67 to the dollar, close to its low of
Published 22 Mar, 2012 12:00am
Australian and New Zealand dollars struggle

Australian and New Zealand dollars struggle

The Australian and New Zealand dollars struggled to make much headway against the greenback on Wednesday as markets continued to fret about slower Chinese growth and how much of a drag that would be on the local economies. The Aussie stood at $1.0488, ver
Published 22 Mar, 2012 12:00am
Swiss franc flat

Swiss franc flat

The Swiss franc traded flat against the euro on Wednesday and is set to remain largely unchanged in the coming weeks after the Swiss National Bank signalled earlier this month it was unlikely to deviate from its cap on the Swiss franc against the euro. Th
Published 22 Mar, 2012 12:00am
Dollar rises across the board in New York

Dollar rises across the board in New York

The dollar gained across the board on Tuesday, lifted by safe-haven demand that was driven by worries about a potential slowdown in China, which hurt both European and US stocks. Global miner BHP Billiton said it saw signs that growth in iron-ore demand w
Published 22 Mar, 2012 12:00am
Early trade in New York: Euro surrenders gains

Early trade in New York: Euro surrenders gains

The euro slid sharply against both the dollar and yen on Wednesday, falling from a near five-month high against the yen, in technical trading after it failed to push through to new highs and breached stop-loss orders as it fell. The euro was last down 0.1
Published 22 Mar, 2012 12:00am
Euro creeps up in London

Euro creeps up in London

The euro edged higher against the dollar and hit a near five-month high versus the yen on Wednesday on signs Greece's bailout was progressing smoothly and as investors again pared back hefty bearish bets on the single currency. Further gains may be capped
Published 22 Mar, 2012 12:00am
Euro rises in Asia

Euro rises in Asia

The euro edged higher against the dollar on Wednesday on short-covering, while the yen was mostly weaker with traders eager to add to bearish bets against the Japanese currency. The yen dipped to a fresh five-month low versus the euro and hit a nine-month
Published 22 Mar, 2012 12:00am
Dollar funding risk measure improves

Dollar funding risk measure improves

A barometer of dollar funding risk reached its best levels in nine months on Wednesday and looked likely to improve further on the back of rising confidence in the global economic outlook. The three month euro/dollar cross currency basis swap, which shows
Published 22 Mar, 2012 12:00am
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