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Archive - 2012-03-29
Euro falls on dollar
Financial

Euro falls on dollar

NEW YORK: The euro slipped against the dollar Thursday ahead of the EU finance ministers' crucial meeting on expanding t
Published 29 Mar, 2012 09:57pm
Gilani to leave for China on Saturday
Top News

Gilani to leave for China on Saturday

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani will leave for China on Saturday to participate in the Boao Forum for A
Published 29 Mar, 2012 08:04pm
NBP signs accord with Microsoft
Top News

NBP signs accord with Microsoft

KARACHI: National Bank of Pakistan (NBP) signed an agreement with Microsoft Pakistan to use Microsoft virtualization, un
Published 29 Mar, 2012 03:51pm
Wasim backs Aamer's return
Cricket

Wasim backs Aamer's return

KARACHI : Pakistan 's former bowling great Wasim Akram swung behind Mohammad Aamer on Thursday, saying he deserves to
Published 29 Mar, 2012 02:49pm
Forex reserves improve to $ 16.442bn
Top News

Forex reserves improve to $ 16.442bn

KARACHI: Pakistan's liquid foreign reserves have improved by $ 47 million to about $ 16.442 billion on March 23, 2012.
Published 29 Mar, 2012 01:36pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI : The Karachi share market on Thursday witnessed a mixed trend with the KSE-100 index oscillating between 13,6
Published 29 Mar, 2012 01:35pm
Two UN employees shot dead in Mastung
Top News

Two UN employees shot dead in Mastung

MASTUNG/QUETTA: Two officials of a UN organization were shot dead while another sustained serious injuries when unknown
Published 29 Mar, 2012 08:17am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI : On Thursday until 12:30 PM. , KSE-100 Index fluctuated between positive and negative and was in a downward tr
Published 29 Mar, 2012 07:38am
Myanmar, Malaysia look to boost trade
Top News

Myanmar, Malaysia look to boost trade

YANGON: Malaysia's Prime Minister Najib Razak agreed to boost trade and investment with Myanmar during his first officia
Published 29 Mar, 2012 04:53am
Job, career exposition held at FC College

Job, career exposition held at FC College

Young generation is builder of every nation and Forman Christian College University (FCCU) is producing skilled and highly competent graduates. These graduates are prepared to take their role for the uplift of the country. These views were expressed by Dr
Published 29 Mar, 2012 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

In the absence of major payment the rupee managed to recover modestly against the dollar in process of trading, dealers said on Wednesday. The rupee inched up versus the dollar, gaining six paisa for buying at 90.76 and it also rose by eight paisa for sel
Published 29 Mar, 2012 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

In the absence of major payment the rupee managed to recover modestly against the dollar in process of trading, dealers said on Wednesday. The rupee inched up versus the dollar, gaining six paisa for buying at 90.76 and it also rose by eight paisa for sel
Published 29 Mar, 2012 12:00am
Etisalat launches first ever 3G services in Afghanistan

Etisalat launches first ever 3G services in Afghanistan

Etisalat, the largest telecommunication company in the Middle East, Asia and Africa, has launched the first ever 3G services in Afghanistan through its arm "Etisalat's Afghanistan,", says a press release issued on Wednesday.
Published 29 Mar, 2012 12:00am
NAB Khyber Pakhtunkhwa launches inquiry against illegal housing society

NAB Khyber Pakhtunkhwa launches inquiry against illegal housing society

An executive committee of the National Accountability Bureau (NAB), Khyber Pakhtunkhwa has approved initiating inquiry against the owner of Khan's Valley Housing Society for alleged involvement in the cheating of public at large. The approval has been giv
Published 29 Mar, 2012 12:00am
Minister gives KPC president Rs 12 million cheque

Minister gives KPC president Rs 12 million cheque

Minister for Information and Broadcasting Dr Firdous Ashiq Awan presented a cheque of Rs 12 million to Karachi Press Club President Tahir Hassan Khan after a luncheon hosted by the Ministry of Information. On the occasion, the Information Minister said th
Published 29 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 28, 2012).

Published 29 Mar, 2012 12:00am
Fake degree: LHC summons PML-Q MNA on April 17

Fake degree: LHC summons PML-Q MNA on April 17

The Lahore High Court on Wednesday issued notice to Speaker National Assembly and directed him to ensure service of the notice on PML-Q MNA Nauman Ahmad Langrial. The court directed the respondent to appear before the court on April 17 in an election peti
Published 29 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 28, 2012).

Published 29 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 Wednesday (March 28, 2012).

Published 29 Mar, 2012 12:00am
Prime Minister makes brief stopover in Tianjin

Prime Minister makes brief stopover in Tianjin

Prime Minister Syed Yousuf Raza Gilani on his way back from Seoul, South Korea, after attending the Nuclear Security Summit briefly stopped in the Chinese port city here on Wednesday afternoon. He was received by Mayor of Tianjin Huang Xing Guo and Ambass
Published 29 Mar, 2012 12:00am
Amir Muqam to join PML-N

Amir Muqam to join PML-N

Amir Muqam, a leader of Pakistan Muslim League-Q (PML-Q) and one of close associates of former president Pervez Musharraf, called on Pakistan Muslim League-Nawaz (PML-N) Chief Muhammad Nawaz Sharif at latter's Raiwind residence on Wednesday and announced
Published 29 Mar, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 28, 2012).

Published 29 Mar, 2012 12:00am
Travelling exposition on chemistry commences at AIOU

Travelling exposition on chemistry commences at AIOU

The International Travelling Expo titled "It's all about Chemistry" started here at Allama Iqbal Open University (AIOU) on Wednesday aimed at increasing interest of young people in the chemistry. Pakistan Science Foundation (PSF), the Embassy of France in
Published 29 Mar, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 28, 2012).

Published 29 Mar, 2012 12:00am
Importance of Islamic banking system highlighted

Importance of Islamic banking system highlighted

Participants at a seminar on 'Islamic Banking' have highlighted the significance of the system, saying that the Islamic banking system is rapidly emerging in the country due to more safer and flexible policy as compared to conventional system. The speaker
Published 29 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 29 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 29 Mar, 2012 12:00am
Petitioner seeks provision of free education

Petitioner seeks provision of free education

A bar member Syed Feroze Shah Gillani on Wednesday filed a petition in the Lahore High Court seeking provision of free education by the state to the children aged between 5 to 16 years. The petitioner said that under article 3,9 and 37-C of the constituti
Published 29 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 28, 2012).

Published 29 Mar, 2012 12:00am
PML-N chief asks Zardari, Gilani to explain their Performance

PML-N chief asks Zardari, Gilani to explain their Performance

Pakistan Muslim League-Nawaz (PML-N) President Muhammad Nawaz Sharif on Wednesday said the nation should hold President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani accountable over the performance of the PPP-led government in the last four
Published 29 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Wednesday (March 28, 2012) and the forecast for Thursday (March 29, 2012).

Published 29 Mar, 2012 12:00am
Tricycles distributed among disabled persons

Tricycles distributed among disabled persons

As many as 50 tricycles were distributed among disabled persons belonging to Sialkot, Daska, Pasrur and Sambrial here on Wednesday. The tricycles were distributed among the disabled persons with the help of Turkish International Co-operation and Co-ordina
Published 29 Mar, 2012 12:00am
Punjab government slammed for lodging FIR against President LCCI

Punjab government slammed for lodging FIR against President LCCI

The business community on Wednesday strongly criticised the Punjab government for lodging FIR against President of Lahore Chamber of Commerce and Industry (LCCI) Irfan Qaiser Sheikh and KCCI former President Qaiser Ahmed Sheikh on baseless grounds of road
Published 29 Mar, 2012 12:00am
Over nine million Pakistanis drug addict: former IGP Punjab

Over nine million Pakistanis drug addict: former IGP Punjab

Former Inspector General Police Punjab and Project Director Drug Free City, Altaf Qamar has said that over 9m Pakistanis are drug addicts among them 2 to 2.5 million are between the age of 15 to 25 years and 200,000 are women. Around 60 percent drug addic
Published 29 Mar, 2012 12:00am
'Power disruption brings country on verge of destruction'

'Power disruption brings country on verge of destruction'

Spokesman of All Pakistan Textile Mills Association (Aptma) has said disruption in power supply has brought the country to the verge of total destruction, particularly in the province of Punjab. Discos were carrying out 8-10 hours of announced and unannou
Published 29 Mar, 2012 12:00am
German journalists arrive in Lahore

German journalists arrive in Lahore

An 8-member delegation of Deutcher Presse Verband, DPV (German Press and Journalists Association) arrived in Lahore on Wednesday in line with the meetings with Punjab Chief Minister in Berlin in January 2012. The delegation headed by Kerstin Nyst, visited
Published 29 Mar, 2012 12:00am
Loadshedding aimed at destroying Punjab's economy: PML-N

Loadshedding aimed at destroying Punjab's economy: PML-N

Terming over 14-hour power load shedding in urban and 20-hour in rural areas of Punjab, as a conspiracy to cripple the economy of Punjab, Pakistan Muslim League (PML-N) has announced to utilise all options including a long march along with the industriali
Published 29 Mar, 2012 12:00am
Unjust distribution of energy creating deep sense of deprivation

Unjust distribution of energy creating deep sense of deprivation

Punjab Forum for political and economic rights of Punjab has urged the government to fix power crisis because unjust distribution of energy resources is creating a deep sense of deprivation among the people of Punjab which may take the country towards civ
Published 29 Mar, 2012 12:00am
Daanish schools aimed at spreading knowledge: minister

Daanish schools aimed at spreading knowledge: minister

Minister for Education Punjab, Mian Mujtaba Shuja-ur-Rehman has said that government is implementing a comprehensive programme for providing modern educational facilities to the children and Daanish School project is a revolutionary step of Punjab governm
Published 29 Mar, 2012 12:00am
LESCO asks consumers to pay fuel adjustment surcharge

LESCO asks consumers to pay fuel adjustment surcharge

Lahore Electricity Supply Company (LESCO) has advised its consumers to pay fuel adjustment surcharges in the current bills which were levied by National Electric Power Regulatory Authority (NEPRA) for the month of August 2011.
Published 29 Mar, 2012 12:00am
Nasrullah Virk new chairman BISE Lahore

Nasrullah Virk new chairman BISE Lahore

The Punjab government has posted Nasrullah Virk as the new Chairman of Board of Intermediate and Secondary Education (BISE) Lahore. Dr Allah Bakhsh Malik, Secretary Youth Affairs, Sports, Archaeology and Tourism Department has been relieved of the additio
Published 29 Mar, 2012 12:00am
Move towards realism

Move towards realism

Not too infrequently are international summits overshadowed by the participants' bilateral encounters, which from Pakistan's point of view was the recently concluded Nuclear Security Summit hosted by South Korea. Prime Minister Gilani's meeting with Presi
Published 29 Mar, 2012 12:00am
Resolving the Balochistan conflict

Resolving the Balochistan conflict

Pakistan Day was observed in Balochistan amid a complete shutdown of cellular phone services at the request of the provincial home department. Apparently, the government feared the insurgents would use the occasion to spread anti-Pakistan messages and emb
Published 29 Mar, 2012 12:00am
VIEW POINT: Stop this violence

VIEW POINT: Stop this violence

Karachi has seen so much violence on the watch of this government that it is almost impossible to keep count of the number of people killed in ethnic and sectarian violence, or while resisting extortionists' demands. Fresh violence erupted on Tuesday afte
Published 29 Mar, 2012 12:00am
Options for financing government: issues and problems

Options for financing government: issues and problems

How should government activities be financed? Whether or not entirely by taxation? If not, when should they be financed by borrowing, sale of services, or other means? What is the optimal revenue structure for the government? Why? How the government is fi
Published 29 Mar, 2012 12:00am
Sanctions could force junta to reverse Mali coup

Sanctions could force junta to reverse Mali coup

Economic sanctions and the threat of military intervention by Mali's neighbours could force the country's coup leaders to embrace political dialogue and reverse their government overthrow, analysts said Wednesday. The Economic Community of West African St
Published 29 Mar, 2012 12:00am
Growing public pessimism

Growing public pessimism

A survey carried out last year by Gallup International shows despondency reigns supreme among the people, vis-a-vis prospects of economic betterment in the coming year. Only 13 percent of those interviewed were optimistic about economic growth in 2011, wh
Published 29 Mar, 2012 12:00am
Bank AL Habib declares Rs 4.533 billion profit after tax

Bank AL Habib declares Rs 4.533 billion profit after tax

The Annual General Meeting of Bank AL Habib was held at its Office in Multan on March 28. The shareholders approved the annual accounts for the year ended December 31, 2011. The payment of 25 percent Cash Dividend (Final) and the issue of 15 percent bonus
Published 29 Mar, 2012 12:00am
Bank AL Habib declares Rs 4.533 billion profit after tax

Bank AL Habib declares Rs 4.533 billion profit after tax

The Annual General Meeting of Bank AL Habib was held at its Office in Multan on March 28. The shareholders approved the annual accounts for the year ended December 31, 2011. The payment of 25 percent Cash Dividend (Final) and the issue of 15 percent bonus
Published 29 Mar, 2012 12:00am
ASIs' promotion case: secretary home department asked to submit reply

ASIs' promotion case: secretary home department asked to submit reply

In a petition, filed by 52 assistant sub-inspectors pleading for their promotions, Sindh High Court Hyderabad Circuit Bench issued notices to Secretary Sindh Home Department for submission of reply on May 5. During the hearing on Wednesday, the petitioner
Published 29 Mar, 2012 12:00am
Karachi University to organise workshop today

Karachi University to organise workshop today

Area Study Centre for Europe, University of Karachi, is organising a workshop titled 'The Rise of Ethno-Nationalistic Politics around the World; with focus on Europe and South Asia' on March 29, 2012.
Published 29 Mar, 2012 12:00am
Killings, acts of arson: Sindh government constitutes inquiry committee

Killings, acts of arson: Sindh government constitutes inquiry committee

Sindh Government has constituted an inquiry committee to probe the matter of torching 42 vehicles and killing of eight people in reaction of the murder of MQM activist and his brother on March 27. This was stated by Sindh Home Minister Manzoor Wasan while
Published 29 Mar, 2012 12:00am
LEAs detain six Suspects

LEAs detain six Suspects

Following the havoc wreaked by the killing of MQM activists and his elder brother in PIB colony on Tuesday, the Law Enforcement Agencies (LEAs) on Wednesday detained half a dozen suspects during raids at various parts of the metropolis.
Published 29 Mar, 2012 12:00am
Dr Naseer honoured

Dr Naseer honoured

Nazriya Pakistan Council (Trust) Islamabad organised a prestigious ceremony at Aiwan-i-Quaid Fatima Jinnah Park, F-9 on Wednesday. Chaudhry Naseer Ahmed, Chairman Maroof International Hospital Islamabad honoured with Gold Medal in recognition of his merit
Published 29 Mar, 2012 12:00am
Altaf for action against those using inflammatory language

Altaf for action against those using inflammatory language

Muttahida Quami Movement Chief Altaf Hussain has said that the fire of hate and prejudice is being ignited in Sindh under a planned conspiracy. The so-called nationalist elements and certain political leaders hailing from Sindh are using provocative and f
Published 29 Mar, 2012 12:00am
Fake, bogus payment of salaries eliminated: Matanat

Fake, bogus payment of salaries eliminated: Matanat

Municipal Commissioner Karachi Metropolitan Corporation (KMC) Matanat Ali Khan has said that fake and bogus payment of salaries has been eliminated and the salary system is being directly connected to the main computer system of bank. In the first phase t
Published 29 Mar, 2012 12:00am
Investment down to a 37-year low: Dr Ashfaque

Investment down to a 37-year low: Dr Ashfaque

The present political and economic turmoil have created adverse impact on the investment, which is down to 37 years low at 13.4 percent of GDP. This was stated by Professor Dr Ashfaque Hasan Khan, former advisor, Ministry of Finance and Dean & Principal o
Published 29 Mar, 2012 12:00am
No fumigation carried out in various localities

No fumigation carried out in various localities

Although cases of dengue and other hazardous viruses have been reported in the city, the administration of Karachi Municipal Corporation (KMC) seems slothful in expediting and extensively covering all the city areas in the ongoing fumigation campaign.
Published 29 Mar, 2012 12:00am
Unclaimed boy not to be handed over till decision: LHC assured

Unclaimed boy not to be handed over till decision: LHC assured

Services Hospital Medical Superintendent (MS) assured the Lahore High Court (LHC) here on Wednesday that an 'unclaimed' minor boy will not be handed over to anyone till final decision of the court on petitions moved by three claimants of the child.
Published 29 Mar, 2012 12:00am
BPL yet to clear dues of Pakistani players, coach

BPL yet to clear dues of Pakistani players, coach

Bangladesh Premier League (BPL) authorities still owe dues to some of the Pakistani players and coach who participated in the booming inaugural BPL. The BPL ran from February 9th to the 29th and was won by a star studded Dhaka Gladiators team who had some
Published 29 Mar, 2012 12:00am
Kalou strike gives Chelsea victory at Benfica

Kalou strike gives Chelsea victory at Benfica

A second-half goal by Salomon Kalou handed Chelsea a 1-0 win over Benfica in the first leg of their Champions League quarter-final on Tuesday. The Londoners always appeared in control and Kalou grabbed the only goal in the 75th minute, tapping the ball in
Published 29 Mar, 2012 12:00am
Five players sent off in dressing room after brawl

Five players sent off in dressing room after brawl

A referee took the extraordinary step of sending off five players in the dressing room in a chaotic postscript to a fiery clash in the fourth tier of English football on Tuesday.
Published 29 Mar, 2012 12:00am
Spurs and Everton set up FA Cup semi-final derbies

Spurs and Everton set up FA Cup semi-final derbies

This season's FA Cup will be won by a team from London or Liverpool after Tottenham and Everton triumphed on Tuesday to set up capital and Merseyside semi-final derbies at Wembley next month. Spurs beat Bolton Wanderers 3-1 in an FA Cup quarter-final afte
Published 29 Mar, 2012 12:00am
Djokovic, Nadal win; Wozniacki beats Serena

Djokovic, Nadal win; Wozniacki beats Serena

Novak Djokovic and Rafael Nadal stayed on pace for a possible final showdown while Maria Sharapova and Caroline Wozniacki booked a last-four match-up at the Miami ATP and WTA event Tuesday. Top-ranked defending champion Novak Djokovic, winner of the past
Published 29 Mar, 2012 12:00am
England set out on historic chase

England set out on historic chase

England recovered from two crucial blows to stay afloat in their tough run chase to win the first cricket Test against Sri Lanka in Galle on Wednesday. The tourists, set a history-defying target of 340, reached 111 for two by stumps on the third day on a
Published 29 Mar, 2012 12:00am
Thousands rally for Mali junta

Thousands rally for Mali junta

Thousands of demonstrators chanted pro-junta slogans in Mali's capital on Wednesday, protesting against the threats of foreign powers to use sanctions to force the leaders of last week's military coup to step down. Deposed leader Amadou Toumani Toure, mea
Published 29 Mar, 2012 12:00am
Italy seizes $1.5 billion of Qadhafi family assets

Italy seizes $1.5 billion of Qadhafi family assets

Italy's financial police on Wednesday announced the seizure of more than 1.1 billion euros ($1.5 billion) of assets controlled by the family of slain Libyan dictator Muammar Qadhafi. The seizure followed a request by the International Criminal Court in Th
Published 29 Mar, 2012 12:00am
UN inspectors slam 'lack of leadership' at UNCTAD

UN inspectors slam 'lack of leadership' at UNCTAD

Think-tank UNCTAD suffers from a "lack of leadership" and a clear corporate strategy, a United Nations audit said in a damning draft report seen by AFP Wednesday. "The UN Conference on Trade and Development secretariat lacks a clear corporate strategy to
Published 29 Mar, 2012 12:00am
US suspends food aid to North Korea

US suspends food aid to North Korea

The United States has suspended food aid to North Korea because Pyongyang has broken its promise to refrain from missile launches and cannot be trusted to deliver the aid to those who need it, a Pentagon official said Wednesday. The United States had prev
Published 29 Mar, 2012 12:00am
More than one million Saudis on unemployment benefit

More than one million Saudis on unemployment benefit

More than 1 million Saudi Arabians are now receiving unemployment benefit, the labour ministry said on Wednesday, underlining a source of potential discontent that the rulers of the world's top oil exporter are keen to contain. The "Hafiz" programme, whic
Published 29 Mar, 2012 12:00am
Afghan women jailed for 'moral crimes': HRW

Afghan women jailed for 'moral crimes': HRW

Hundreds of Afghan women are languishing in prison for so-called moral crimes, which include running away from home and having sex outside marriage, campaign group Human Rights Watch said Wednesday. The report released in Kabul, "I Had to Run Away", calle
Published 29 Mar, 2012 12:00am
US could fly spy drones from Australian territory

US could fly spy drones from Australian territory

Australia said Wednesday it may allow the United States to use its territory to operate long-range spy drones, as part of an increased US presence in the Asia-Pacific that has rankled China. Washington and Canberra could also reportedly station US aircraf
Published 29 Mar, 2012 12:00am
US plane in emergency landing after pilot rant

US plane in emergency landing after pilot rant

A US airplane made an emergency landing in Texas Tuesday after passengers restrained the pilot when he began shouting about al Qaeda and bomb threats, officials and media reports said. The JetBlue flight from New York to Las Vegas, Nevada was diverted to
Published 29 Mar, 2012 12:00am
Afghanistan denies Kabul suicide plot reports

Afghanistan denies Kabul suicide plot reports

The Afghan general in charge of security at the ministry of defence in Kabul on Wednesday flatly denied reports by local and foreign media that a huge suicide attack had been foiled at the compound. General Omar Zadran, commander of the ministry of defenc
Published 29 Mar, 2012 12:00am
Taliban offer online questions and answers

Taliban offer online questions and answers

Worried about whether Islamic verses on Facebook are allowed? Or that suicide bombers kill innocent civilians? Afghanistan's Taliban have set up a new question-and-answer section on their website to address such issues. The facility on Voice of Jihad, the
Published 29 Mar, 2012 12:00am
Google lets users monitor their online activity

Google lets users monitor their online activity

Google on Wednesday began letting people get monthly reports summarising what they have been up to at the Internet titan's free online services. A freshly-added feature keeps people posted on patterns at Gmail, YouTube, online search and other Google venu
Published 29 Mar, 2012 12:00am
Arab ministers urge action on Annan's Syria plan

Arab ministers urge action on Annan's Syria plan

Arab foreign ministers called on Wednesday for a UN-backed peace plan for Syria to be put into action after President Bashar al-Assad agreed to the proposal, which urges an end to violence but does not demand the Syrian leader step down.
Published 29 Mar, 2012 12:00am
Syrian violence ignores peace diplomacy

Syrian violence ignores peace diplomacy

Syrian forces bombarded cities and towns in southern and northern Syria on Wednesday and stormed villages, forcing thousands to flee after President Bashar al-Assad accepted a peace plan calling for the army to withdraw to barracks. Assad's ally Iran back
Published 29 Mar, 2012 12:00am
EU wants to help Pakistan through trade not aid: envoy

EU wants to help Pakistan through trade not aid: envoy

Acting European Union (EU) Ambassador to Pakistan Pierre Mayaudon said on Wednesday the EU wants to help Pakistan through trade instead of aid. "The current duty waiver on import of 75 items from Pakistan to EU was glaring example of that commitment", the
Published 29 Mar, 2012 12:00am
'Churches of Pakistan' to launch today

'Churches of Pakistan' to launch today

Churches of Pakistan - a photographic exhibition and pictorial book by Dr Safdar Ali Shah and Syed Javaid Kazi will be launched on Thursday. The Asian Study Group in collaboration with Kuch Khaas, Center for Arts, Culture and Dialogue will organize the ev
Published 29 Mar, 2012 12:00am
CMS module system launched at DHA office

CMS module system launched at DHA office

A Computerised Management System (CMS) module launching ceremony was held at DHA's main office complex on Wednesday. The Administrator DHA, Brigadier Aamer Raza Qureshi, was the chief guest on the occasion. The newly developed computerized system has been
Published 29 Mar, 2012 12:00am
Wapda, GIKI begin postgraduate certificate course

Wapda, GIKI begin postgraduate certificate course

Pakistan Water and Power Development Authority (Wapda) and Ghulam Ishaq Khan Institute (GIKI) of Engineering Sciences and Technology have formally started an eight-week postgraduate certificate course in Engineering Management at Wapda Administrative Staf
Published 29 Mar, 2012 12:00am
UPR report to be submitted to UN by October

UPR report to be submitted to UN by October

Joint Secretary, Ministry of Human Rights, Islamabad, Ms Amna Imran Khan, held a meeting with the Home Secretary Punjab, Shahid Khan at his office on Wednesday, in connection with the consultation process aimed at finalisation of Universal Periodic Review
Published 29 Mar, 2012 12:00am
No political prisoner in Pakistan: Prime Minister

No political prisoner in Pakistan: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Wednesday said most of leaders in political history of Pakistan, had been running the country by putting their opponents in jails while he has completed 4-year as Prime Minister by getting political opponents out
Published 29 Mar, 2012 12:00am
PSMC seeks ministry's help to get power supply restored

PSMC seeks ministry's help to get power supply restored

Pakistan Steel Mills Corporation (PSMC) has sought assistance of the ministry of production to get its electricity supply reinstated. The state-run steel producer says it faced Rs 240 million production losses during two days.
Published 29 Mar, 2012 12:00am
Zardari one of the options!

Zardari one of the options!

An extraordinary "option" appeared as a possible answer to a question during the ninth grade exams conducted by Lahore Board of Intermediate and Secondary Education. A question asked students: "what is the system of life based on?" "Zardari Sahib" has bee
Published 29 Mar, 2012 12:00am
Tokyo rubber lower

Tokyo rubber lower

Tokyo rubber futures dropped 1 percent in thin trade on Wednesday, tracking weaker oil prices, but tight supply in producing countries still gave some support, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for September deliv
Published 29 Mar, 2012 12:00am
PAC defers review of Home department's audit reports

PAC defers review of Home department's audit reports

The Public Accounts Committee (PAC) of Sindh Assembly on Friday deferred for another 15 days review of audit paras of Home Department on the request of the department officials. The PAC was to review the audit paras of fiscal years 2005-06, 2006-07, and 2
Published 29 Mar, 2012 12:00am
NBP main driver of economic development

NBP main driver of economic development

National Bank of Pakistan (NBP) is the main driver of national economic development and financial system. It provides best financial services to every production unit, every family and individual. Increase and fluctuation in the indicators of NBP steer th
Published 29 Mar, 2012 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Spot gold prices added to earlier losses on Wednesday, falling over 1.5 percent to $1,654.50 per ounce, a four-day low, as investors sold risk assets following a weaker-than-forecast February US durable goods orders reading. Spot gold set its lowest price
Published 29 Mar, 2012 12:00am
US MIDDAY: copper plunges

US MIDDAY: copper plunges

In New York, the May COMEX contract plunged 8.75 cents or 2.3 percent to settle at $3.7925 per lb on Wednesday, after dealing between $3.7825 and $3.87. Selling pressure picked up in the early hours of the New York open after data showed new orders for US
Published 29 Mar, 2012 12:00am
US MIDDAY: soya rises

US MIDDAY: soya rises

US soyabean futures edged higher on Wednesday on concerns US farmers will not plant enough acres of the oilseed to make up for poor South American harvests. Traders focused on spring plantings and supplies ahead of US Department of Agriculture crop report
Published 29 Mar, 2012 12:00am
Gold extends losses

Gold extends losses

Gold prices fell towards $1,670 an ounce on Wednesday after data showing a smaller-than-expected rise in new US manufactured goods orders lifted the dollar against the euro. The metal is extending the previous day's retreat from two-week highs, as momentu
Published 29 Mar, 2012 12:00am
Gold slips in Asia

Gold slips in Asia

Gold slipped below $1,680 an ounce on Wednesday, as investors awaited more trading cues from US data after recent hints from the US Federal Reserve chairman on more stimulus propelled bullion to a two-week high near $1,700 in the previous session. Spot go
Published 29 Mar, 2012 12:00am
Gold drops in New York

Gold drops in New York

Spot gold prices fell off two-week highs on Tuesday after failing to pierce the $1,700 per ounce mark and as bullion tracked a weaker euro. Losses accelerated in late New York trade after the Comex March options contracts expired. Interest ahead of the op
Published 29 Mar, 2012 12:00am
Coffee and cocoa fall

Coffee and cocoa fall

Arabica coffee futures retreated on Wednesday, retracing some of the previous session's steep gains, while US cocoa futures tumbled below their 100-day moving average on pressure from a weak sterling versus the dollar. Raw sugar closed down a shade after
Published 29 Mar, 2012 12:00am
Palm oil drops

Palm oil drops

Malaysian palm oil futures closed down on Wednesday as traders booked profits from a one-year high hit the previous day, although losses were limited by news of larger food imports by China and soybean crop damage in South America. Palm oil has gained 9.4
Published 29 Mar, 2012 12:00am
Soya retreats

Soya retreats

US soyabean futures fell from a six-month high on Tuesday as traders booked profits ahead of highly anticipated crop reports due at the end of the week. Wheat prices came under heavier pressure as concerns eased about poor weather hurting global productio
Published 29 Mar, 2012 12:00am
NAB Board rejects former Wapda official's plea bargain

NAB Board rejects former Wapda official's plea bargain

The Executive Board of the National Accountability Bureau (NAB) on Wednesday rejected a plea bargain request of former S.E Wapda Chaudhry Muhammad Rashid Khan. In its meeting chaired by Chairman NAB, Adm Fasih Bokhari (Retd) here, the Board directed the N
Published 29 Mar, 2012 12:00am
Jamaat-e-Islami grieves over Karachi bloodshed

Jamaat-e-Islami grieves over Karachi bloodshed

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has expressed deep grief over the bloodletting in Karachi and said the PPP MQM ANP ruling alliance was responsible for the incident. He was addressing the notables of Phularwan in Sargodha district on Wed
Published 29 Mar, 2012 12:00am
61 medical store owners' cases sent to drug court

61 medical store owners' cases sent to drug court

District Quality Control Board has issued orders to send cases of 61 medical store owners to drug court. The decision was taken in a meeting of District Quality Control Board, which was held on Wednesday under the chairmanship of District Officer Monitori
Published 29 Mar, 2012 12:00am
Sindh Assembly body to discuss drinking water shortage in Karachi today

Sindh Assembly body to discuss drinking water shortage in Karachi today

Sindh Assembly's Standing Committee on Local Government would discuss the matter of shortage of drinking water in Karachi on Thursday (today) during its meeting. Sources said that the meting of Standing Committee on Local Government would be held here wit
Published 29 Mar, 2012 12:00am
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