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Archive - 2012-04-17
West Indies 252 for 9 at close
Cricket

West Indies 252 for 9 at close

PORT-OF-SPAIN: West Indies were 252 for nine at the close on the third day of the second Test against Australia at Queen
Published 17 Apr, 2012 10:10pm
West Indies 188 for 4 at tea
Cricket

West Indies 188 for 4 at tea

PORT-OF-SPAIN: West Indies were 188 for four at tea on the third day of the second Test againstAustralia at Queen's Park
Published 17 Apr, 2012 07:50pm
Cotton brokers seek hedge market in KCA
Top News

Cotton brokers seek hedge market in KCA

KARACHI: The Karachi Cotton Brokers Forum (KCBF) has urged the government to re-open hedge contract of raw cotton in Kar
Published 17 Apr, 2012 05:10pm
ISE-10 sheds 1 point
Markets

ISE-10 sheds 1 point

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Tuesday witnessed bearish trend as the index was down by 1.50 point
Published 17 Apr, 2012 03:32pm
Railways ministry gets Rs1.1bn subsidy
Top News

Railways ministry gets Rs1.1bn subsidy

ISLAMABAD: Ministry of Railway Tuesday received a subsidy worth Rs 1.1 billion from the Ministry of Finance to help run
Published 17 Apr, 2012 03:10pm
Gold unchanged at Rs 48,857
Markets

Gold unchanged at Rs 48,857

KARACHI: Gold closed unchanged at Rs 48,857 per 10 grams in the local market Tuesday as its international price improved
Published 17 Apr, 2012 02:41pm
Railways ministry gets Rs1.1bn subsidy
Top News

Railways ministry gets Rs1.1bn subsidy

ISLAMABAD: Ministry of Railway Tuesday received a subsidy worth Rs 1.1 billion from the Ministry of Finance to help run
Published 17 Apr, 2012 01:45pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI : The KSE -100 index on Tuesday lost 6.49 points to close at its intra-day low level of 13,764.22 points due to
Published 17 Apr, 2012 12:06pm
Japan pledges $60bn to IMF
Top News

Japan pledges $60bn to IMF

TOKYO: Japan said on Tuesday it would pledge $60.0 billion to the International Monetary Fund, saying it was a critical
Published 17 Apr, 2012 06:20am
Argentina to seize YPF oil firm
World

Argentina to seize YPF oil firm

BUENOS AIRES: Argentina said Monday it would take over a 51 percent stake in the country's biggest oil company, YPF, own
Published 17 Apr, 2012 06:07am
Iran wants sanctions eased
Top News

Iran wants sanctions eased

TEHRAN: Iran has called on the West to look to lifting its sanctions if it wants to quickly resolve the showdown over Te
Published 17 Apr, 2012 06:02am
Australia takes on big tobacco in court
Top News

Australia takes on big tobacco in court

SYDNEY: Australia on Tuesday said it was confident of seeing off a court challenge by big tobacco firms to plain-packagi
Published 17 Apr, 2012 06:00am
Oil mixed in Asian trade
Energy

Oil mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Tuesday as investors weighed easing concerns over a supply disruption in
Published 17 Apr, 2012 05:52am
West Indies 49 for 3 at close
Cricket

West Indies 49 for 3 at close

PORT-OF-SPAIN: West Indies were 49 for three at the close on the second day of the second Test against Australia at Quee
Published 17 Apr, 2012 12:17am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (April 16, 2012).

Published 17 Apr, 2012 12:00am
Six more persons fall prey to target killing

Six more persons fall prey to target killing

The spree of targeted killings continued in the city as six more persons were killed in separate incidents at various parts of the metropolis here on Monday. According to police, two bullet-riddled bodies stuffed in gunny bags were found at Korangi Allah
Published 17 Apr, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (April 16, 2012).

Published 17 Apr, 2012 12:00am
Pakistan arms draw accolade at defence exposition in Kuala Lumpur

Pakistan arms draw accolade at defence exposition in Kuala Lumpur

An impressive array of Pakistani arms put on display was one of the highlights of the Defence Services Asia Exhibition and Conference (DSA) 2012 that opened on Monday in Kuala Lumpur, Hamid Raza Khan, Press Attache High Commission for Pakistan in Malaysia
Published 17 Apr, 2012 12:00am
Pakistan arms draw accolade at defence exposition in Kuala Lumpur

Pakistan arms draw accolade at defence exposition in Kuala Lumpur

An impressive array of Pakistani arms put on display was one of the highlights of the Defence Services Asia Exhibition and Conference (DSA) 2012 that opened on Monday in Kuala Lumpur, Hamid Raza Khan, Press Attache High Commission for Pakistan in Malaysia
Published 17 Apr, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 16, 2012).

Published 17 Apr, 2012 12:00am
Tri-Pack Films Limited

Tri-Pack Films Limited

Tri-Pack Films Limited (Tri-Pack) - a joint venture between Mitsubishi Corporation of Japan and Packages Limited of Pakistan - is the leading manufacturer of packaging films used in fast moving consumer goods and other products. Tri-Pack was incorporated
Published 17 Apr, 2012 12:00am
Tri-Pack Films Limited

Tri-Pack Films Limited

Tri-Pack Films Limited (Tri-Pack) - a joint venture between Mitsubishi Corporation of Japan and Packages Limited of Pakistan - is the leading manufacturer of packaging films used in fast moving consumer goods and other products. Tri-Pack was incorporated
Published 17 Apr, 2012 12:00am
FBR employees' strike enters 10th day

FBR employees' strike enters 10th day

Strike being observed on the call of Federal Revenue Alliance (FRA) Employees Union across the country by employees of the Federal Board of Revenue (FBR) entered 10th day on Monday. FRA members also observed token hunger strike to make their movement more
Published 17 Apr, 2012 12:00am
Rehman briefs Prime Minister about law and order situation

Rehman briefs Prime Minister about law and order situation

Interior Minister, Senator Rehman Malik called on Prime Minister Syed Yousuf Raza Gilani here at the Prime Minister House on Monday evening. During the meeting, the Interior Minister briefed the Prime Minister about the law and order situation in the coun
Published 17 Apr, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (April 16, 2012) and for Tuesday (April 17, 2012).
Published 17 Apr, 2012 12:00am
Defence Secretary agrees to pay raise for PIA employees by 20-25 percent

Defence Secretary agrees to pay raise for PIA employees by 20-25 percent

Defence Secretary Nargis Sethi on Monday agreed to a pay raise for employees of Pakistan International Airlines (PIA) by 20-25 percent. The Defence Secretary amicably resolved all the issues of the employees during eight-hour long negotiations with the of
Published 17 Apr, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (April 16, 2012).

Published 17 Apr, 2012 12:00am
HBFCL restrained from convening meetings of its BoDs, committees

HBFCL restrained from convening meetings of its BoDs, committees

House Building Finance Company Limited (HBFCL) has been restrained from convening meetings, either of HBFCL board or any of its committees by the government of Pakistan. In response to a HBFCL's letter, seeking to hold a meeting of the Human Resource (HR)
Published 17 Apr, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 17 Apr, 2012 12:00am
Police Help Line centre to assist traders, citizens

Police Help Line centre to assist traders, citizens

Capital City Police Officer (CCPO), Malik Ahmad Raza Tahir has ordered establishment of Police Help Line Centre during the current month at Mall Road, near Masjid-e-Shuhda for the active assistance of traders and citizens of Lahore.
Published 17 Apr, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 17 Apr, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 16, 2012).

Published 17 Apr, 2012 12:00am
FBR places SRO 69 (I)/2012 on its website

FBR places SRO 69 (I)/2012 on its website

An important notification of the Federal Board of Revenue (FBR) dated January 30, 2012 to relax Baggage Rules, 2006 for Pakistani nationals having Foreign Exchange Remittance Cards (FERCs) in case of electronic items has been placed on the official websit
Published 17 Apr, 2012 12:00am
The Weather

The Weather

The weather report on Monday (April 16, 2012) and the forecast for Tuesday (April 17, 2012).

Published 17 Apr, 2012 12:00am
FBR places SRO 69 (I)/2012 on its website

FBR places SRO 69 (I)/2012 on its website

An important notification of the Federal Board of Revenue (FBR) dated January 30, 2012 to relax Baggage Rules, 2006 for Pakistani nationals having Foreign Exchange Remittance Cards (FERCs) in case of electronic items has been placed on the official websit
Published 17 Apr, 2012 12:00am
Chinese couple gets married following true Pakistani wedding style

Chinese couple gets married following true Pakistani wedding style

A Chinese couple, Wang Qianting, Bureau Chief of China Radio International (CRI) and a diplomat of Chinese Embassy in Islamabad Wang Shengjie tied the knot in a traditional Pakistani style at a ceremony held here last night at a local hotel.
Published 17 Apr, 2012 12:00am
Entry of visitors into FBR premises banned

Entry of visitors into FBR premises banned

The Federal Board of Revenue (FBR) has banned entry of visitors into the Board's premises with immediate effect to check any leakage of taxation and relief measures for the up-coming budget (2012-2013). In this connection, the FBR has issued a circular he
Published 17 Apr, 2012 12:00am
14 Afghan national held in Chaman

14 Afghan national held in Chaman

Chaman Levies Force arrested 14 Afghan national under foreign act in Killi Luqman area of Chaman. Levies official said here on Monday that these Afghan national had entered the country illegally. They were reported to be without traveling documents. Furth
Published 17 Apr, 2012 12:00am
MoU signed to combat Tuberculosis in Khyber Pakhtunkhwa

MoU signed to combat Tuberculosis in Khyber Pakhtunkhwa

A Memoran-dum of Understanding (MoU) was singed among Lady Reading Hospital, Peshawar, Association for Community Development (ACD), Provincial TB Control Programme (PTP) and National TB Control Programme (NTP) on Monday to combat TB in the province.
Published 17 Apr, 2012 12:00am
Zardari postpones visit to Siachen

Zardari postpones visit to Siachen

President Asif Ali Zardari's scheduled visit to Siachen on Monday could not take place due to unsuitable weather conditions for travelling. Spokesperson to President Senator Farhatullah Babar said that the president was due to visit the Gayari sector in S
Published 17 Apr, 2012 12:00am
Rescue operation continues

Rescue operation continues

Search and rescue operation at Gayari, Siachen continued round the clock even against heavy odds. According to an ISPR press release issued here on Monday, the weather remained very harsh and posing serious challenges to the men and machines working at th
Published 17 Apr, 2012 12:00am
Punjab government sends relief items

Punjab government sends relief items

The Punjab government on Monday sent three trucks of relief items to Skardu for the Jawans of Pakistan Army engaged in relief and rescue operation in Gayari. Director General Provincial Disaster Management Authority Mujahid Sherdil said on Monday that rel
Published 17 Apr, 2012 12:00am
Decision to include Farzana Raja in cabinet lauded

Decision to include Farzana Raja in cabinet lauded

Different wings of Pakistan People's Party (PPP) have lauded the government decision to include Chairperson, Benazir Income Support Programme (BISP), Farzana Raja, in the federal cabinet. President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gila
Published 17 Apr, 2012 12:00am
SPCB's fate still in the doldrums

SPCB's fate still in the doldrums

Sub-committee of Sindh cabinet failed to review the matter of revival or liquidation of Sindh Provincial Co-operative Bank (SPCB) despite a passage of more than seven months, informed sources told Business Recorder here on Monday.
Published 17 Apr, 2012 12:00am
President condemns terrorist attacks in Afghanistan

President condemns terrorist attacks in Afghanistan

President Asif Ali Zardari has strongly condemned the terrorist attacks in capital Kabul and parts of Afghanistan. Spokesperson to the President Senator Farhatullah Babar said the President expressed the resolve that people and government of Pakistan woul
Published 17 Apr, 2012 12:00am
Three die in various areas of city

Three die in various areas of city

A man committed suicide while two sanitary workers died of suffocation here on Monday in different areas of the city. According to police and rescue sources, a man shot himself dead at his residence located in Manzoor Colony in the limits of Baloch Colony
Published 17 Apr, 2012 12:00am
Energy conservation plan: meeting reviews implementation

Energy conservation plan: meeting reviews implementation

Chief Minister Sindh Qaim Ali Shah held a meeting with Federal Minister for Water and Power Syed Naveed Qamar at the CM's House on Monday. Both held a detailed discussion on the matters of mutual interest particularly implementation of the energy conserva
Published 17 Apr, 2012 12:00am
YDA strike causes intense anguish among patients

YDA strike causes intense anguish among patients

Patients across South Punjab suffered a lot after Young Doctors Association (YDA) went on province-wide strike boycotting their services at the outpatient departments (OPDs) of Nishtar Hospital, Civil Hospital, Children Complex Multan and other government
Published 17 Apr, 2012 12:00am
Government fixes minimum mesh size of fishing net at 60mm

Government fixes minimum mesh size of fishing net at 60mm

The government has finally fixed the minimum mesh size for fishing at 60 mm with a view to get rid of the thin lethal cod-end nets, which have badly affected marine life in the country's seawaters, fisheries sources said on Monday.
Published 17 Apr, 2012 12:00am
Sindh government announces bounty for arrest of 29 suspects

Sindh government announces bounty for arrest of 29 suspects

Sindh government has announced reward money for arrest of some 29 suspects including 24 gangsters of Lyari including the bigwigs of banned People's Amn Committee (PAC) here on Monday. According to sources, the names of PAC leaders Uzair Baloch and Zafar B
Published 17 Apr, 2012 12:00am
JI demands referendum on Nato supplies issue

JI demands referendum on Nato supplies issue

Secretary General Jamaat-e-Islami, Liaqat Baloch has demanded referendum on Nato supplies issue, saying that the parliament had become controversial since it announced to open Nato routes. Addressing JI workers on Monday, he said that the entire nation wa
Published 17 Apr, 2012 12:00am
Italian ambassador calls on vice chairman PBIT

Italian ambassador calls on vice chairman PBIT

Ambassador of Italy to Pakistan, Vincenzo Prati called on Vice Chairman of Punjab Board of Investment & Trade (PBIT), Dr Miftah Ismail and Chief Executive Officer, Dr Sajid Yoosufani. The meeting centered on the investment potential of Punjab and the oppo
Published 17 Apr, 2012 12:00am
NUF, ground rent: no strategy chalked out by KDA for recovery of dues

NUF, ground rent: no strategy chalked out by KDA for recovery of dues

In a recent move by defunct Karachi Development Authority (KDA) in connection with recovery of outstanding dues in the head of non-utilisation fee (NUF) and ground rent from plot and building owners of KDA land, no proper strategy was chalked out to recov
Published 17 Apr, 2012 12:00am
War against terror badly affected economy: Nawaz

War against terror badly affected economy: Nawaz

Pakistan Muslim League-Nawaz President Mian Nawaz Sharif said on Monday that war against terrorism had caused devastating impact on the country's economy apart from taking lives of 36,000 army men and civilians. He said this while talking to the Ambassado
Published 17 Apr, 2012 12:00am
Newly-appointed LHC judge takes oath

Newly-appointed LHC judge takes oath

A newly-appointed additional judge of the Lahore High Court (LHC), Justice Ali Baqir Najfi on Monday took oath of his office. LHC Chief Justice Sheikh Azmat Saeed administered oath to new judge in a ceremony at the LHC judges' lounge. LHC judges, federal
Published 17 Apr, 2012 12:00am
JETRO delegation visits PBIT

JETRO delegation visits PBIT

An official delegation of Japan External Trade Organisation (JETRO), comprising Keiichi Kimura, Director JETRO, Japan and Kaoru Shiraishi, Country Manager JETRO Pakistan, visited Punjab Board of Investment & Trade (PBIT). JETRO is official trade and inves
Published 17 Apr, 2012 12:00am
PTCL Peshawar team wins 'Region of the Month' award

PTCL Peshawar team wins 'Region of the Month' award

Pakistan Telecommunication Company Ltd (PTCL) has awarded its Peshawar region team with the 'Region of the Month' shield in recognition of its outstanding efforts for provision of best customer care and outreach services provided during February 2012.
Published 17 Apr, 2012 12:00am
US fines Google $25,000

US fines Google $25,000

The Federal Communications Commission has fined Google $25,000, saying the online search leader impeded an investigation into how it collected data while taking photos for its "Street View" mapping feature. The FCC said in a report from Friday that Google
Published 17 Apr, 2012 12:00am
Top US court to hear foreign copyright appeal

Top US court to hear foreign copyright appeal

The US Supreme Court agreed Monday to hear a case involving copyright protection for works produced outside the United States and then resold on the US market. The top US court accepted the case involving a student from Thailand who, to finance his US stu
Published 17 Apr, 2012 12:00am
UN condemns North Korea launch, warns on nuclear test

UN condemns North Korea launch, warns on nuclear test

The UN Security Council on Monday strongly condemned North Korea's rocket launch, urged tightening of existing UN sanctions and warned of further action if Pyongyang carries out another missile launch or nuclear test. China, a permanent veto-wielding coun
Published 17 Apr, 2012 12:00am
Six dead after over 100 tornadoes hit US middle west

Six dead after over 100 tornadoes hit US middle west

Six people were dead Monday after more than 100 twisters tore through a wide swath of the central United States over the weekend, leaving a trail of devastation from Texas to Wisconsin. All six fatalities occurred in the state of Oklahoma, according to US
Published 17 Apr, 2012 12:00am
UK would-be shoebomber sentence cut over deal

UK would-be shoebomber sentence cut over deal

A Briton convicted of plotting with shoebomber Richard Reid to carry out a suicide bomb attack on an aircraft has had his jail term reduced after striking a deal to give evidence at the trial of a man accused of an al Qaeda bombing plot in New York. Saaji
Published 17 Apr, 2012 12:00am
Lockerbie bomber home after emergency hospital stay

Lockerbie bomber home after emergency hospital stay

The Libyan former intelligence officer convicted of the 1988 Lockerbie bombing that killed 270 people was released from a Tripoli hospital on Monday after receiving an emergency blood transfusion, his brother said. Abdel Basset al-Megrahi was taken to a p
Published 17 Apr, 2012 12:00am
Six nations volunteer to host Green Climate Fund: UN

Six nations volunteer to host Green Climate Fund: UN

Germany, Mexico, Namibia, Poland, South Korea and Switzerland have volunteered to host the Green Climate Fund that will help poor countries fight global warming, the UN climate forum said on Monday. The fund was launched at a UN climate conference in Durb
Published 17 Apr, 2012 12:00am
EU court rules against Russia on 1940 Katyn massacre

EU court rules against Russia on 1940 Katyn massacre

The European Court of Human Rights ruled on Monday that Russia had violated the rights of relatives of thousands of Poles who were killed by the Soviet secret police in 1940, and described the Katyn massacre as a "war crime". The ruling followed a complai
Published 17 Apr, 2012 12:00am
Iraq hosts arms exposition nine years after fall of Saddam

Iraq hosts arms exposition nine years after fall of Saddam

Iraq is hosting its first arms fair, replete with warplanes, tanks, missiles and telecommunications gear, since the 2003 fall of Saddam Hussein which saw the US completely dismantle the country's military. Iraq is still rebuilding its security forces, whi
Published 17 Apr, 2012 12:00am
Shelling, shaky truce challenge UN few in Syria

Shelling, shaky truce challenge UN few in Syria

A handful of soldiers in blue caps put a tentative United Nations presence at the heart of the Syrian crisis on Monday, predicting success for their mission to stabilise a shaky four-day-old cease-fire even as shells were still falling. Charged with overs
Published 17 Apr, 2012 12:00am
India says Maoists are top internal threat

India says Maoists are top internal threat

A Maoist insurgency raging across at least nine states is the chief internal security threat to India, even as traditional conflicts in Kashmir and the northeast have ebbed, the country's top law enforcement official said Monday. Despite several high-prof
Published 17 Apr, 2012 12:00am
Greek former minister held on money laundering charges

Greek former minister held on money laundering charges

A Greek prosecutor decided on Monday to jail a former defence minister pending trial on money laundering charges in the most high-profile case against a politician in decades of corruption scandals. Corruption and cronyism are endemic in Greece, but no po
Published 17 Apr, 2012 12:00am
Israel holds 58 pro-Palestinian activists pending expulsion

Israel holds 58 pro-Palestinian activists pending expulsion

Israeli authorities were on Monday holding 58 foreigners pending deportation, out of 79 barred from entering the Jewish state on ground they were linked to pro-Palestinian campaign, an official said. Immigration official Sabine Haddad told AFP that 21 peo
Published 17 Apr, 2012 12:00am
'Heart and its Care' launched

'Heart and its Care' launched

Physicians and cardiologists have stressed the need for regular exercise and use of vegetables and fruits for keeping the heart healthy. They were speaking at the launching of a book titled "Heart & its care" by Professor Dr Muhammad Ishaq held the other
Published 17 Apr, 2012 12:00am
Japanese giants targeting Africa, Middle East for future markets

Japanese giants targeting Africa, Middle East for future markets

Japanese giants are now focusing on Africa and Middle East as the future markets for their products. They are moving in a methodical way, studying life-style of the people, so that they could offer goods which are commonly in demand to meet different tast
Published 17 Apr, 2012 12:00am
Abbotabad Commission's meeting held

Abbotabad Commission's meeting held

A meeting of the Inquiry Commission on Abbottabad Operation was held here on Monday at the Cabinet Division under the Chairmanship of former Justice Javed Iqbal. The meeting was attended by Abbas Khan, Ashraf Jehangir Qazi, and Lieutenant General Nadeem A
Published 17 Apr, 2012 12:00am
Bashir Qureshi remembered

Bashir Qureshi remembered

The Leaders of Jeay Sindh Qaumi Mahaz, Sindh United Party, Sindh National Movement and others have termed Bashir Qureshi "martyred" and alleged that Qureshi's death was a conspiracy hatched against Sindh and Sindhi people. They demanded that culprits invo
Published 17 Apr, 2012 12:00am
Speakers for measures to reverse economic slowdown

Speakers for measures to reverse economic slowdown

Speakers at a seminar on Monday called for immediate measures to arrest the growing public debt and widening trade deficit. The pre-budget seminar was organised by the Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP
Published 17 Apr, 2012 12:00am
PMEX acquires membership of AFM, WFE

PMEX acquires membership of AFM, WFE

Pakistan Mercantile Exchange (PMEX) has acquired memberships of Association of Futures Markets (AFM) and World Federation of Exchanges (WFE). Both are prominent bodies where exchanges, financial market institutions and other industry participants come tog
Published 17 Apr, 2012 12:00am
Separate systems causing delay in cargo clearance

Separate systems causing delay in cargo clearance

The clearance of inward and outward cargo is facing long delay due to separate procedures for both clearance systems. According to Karachi Customs Agents Association, different clearance system procedures and, in addition, several systems in each individu
Published 17 Apr, 2012 12:00am
Profit after tax of Fauji Fertiliser increases to Rs 242.877 million

Profit after tax of Fauji Fertiliser increases to Rs 242.877 million

The profit after tax of Fauji Fertiliser Company Limited has increased to Rs 242.877 million in the quarter ended March 31, 2012 as compared to Rs 52.249 million earned in the corresponding period in 2011. According to financial results sent to Karachi St
Published 17 Apr, 2012 12:00am
Profit after tax of Fauji Fertiliser increases to Rs 242.877 million

Profit after tax of Fauji Fertiliser increases to Rs 242.877 million

The profit after tax of Fauji Fertiliser Company Limited has increased to Rs 242.877 million in the quarter ended March 31, 2012 as compared to Rs 52.249 million earned in the corresponding period in 2011. According to financial results sent to Karachi St
Published 17 Apr, 2012 12:00am
Chief Justice of Morocco arrives

Chief Justice of Morocco arrives

Chief Justice of the Supreme Court of Morocco Mustapha Fares arrived here on a five-day official visit. During his visit, he will call on the President, Prime Minister and Chief Justice of Pakistan. The Chief Justice of Morocco will also visit Karachi and
Published 17 Apr, 2012 12:00am
Raid on PAC chief's residence sparks tension in Lyari: four injured

Raid on PAC chief's residence sparks tension in Lyari: four injured

Following a police raid on the residence of banned People's Amn Committee (PAC) chief, Uzair Jan Baloch, tension gripped different areas of Lyari on Monday. Singolane and adjoining areas echoed with heavy gunfire that left four people including three wome
Published 17 Apr, 2012 12:00am
GCU team wins international gauntlet contest

GCU team wins international gauntlet contest

Government College University (GCU) Lahore, Management Studies Department (MSD) has won the three-day International Gauntlet Competition organized by the Lahore University of Management Sciences (LUMS). As many as 14 teams including one from India took pa
Published 17 Apr, 2012 12:00am
Monetary Policy Statement

Monetary Policy Statement

Apropos BR editorial "MPS: little interest or enthusiasm", I agree with the earlier part of your editorial but you began to draw different conclusions after quoting Milton Friedman. There is a fundamental difference between a country in recession creating
Published 17 Apr, 2012 12:00am
Hero or villain? Latin America disagrees on Obama at summit

Hero or villain? Latin America disagrees on Obama at summit

Some leaders who attended the Summit of the Americas - and others who chose to skip - accused US President Barack Obama of causing the divisions in the Americas for his refusal to accept that Cuba should be invited to future summits. "All countries in Lat
Published 17 Apr, 2012 12:00am
Self-deception

Self-deception

On April 14, newspapers carried important news reports filed by The Associated Press (AP) covering two events, one in Pakistan and the other in the US. These news reports exposed yet again the conflicting views of the US administration about Pakistan.
Published 17 Apr, 2012 12:00am
Reviving local bodies

Reviving local bodies

All the four provincial governments dissolved, one after the other, local governments elected during General Musharraf's regime without any plan to replace them. Barring Sindh, which had some rural-urban divide issues to contend with, there was no apparen
Published 17 Apr, 2012 12:00am
Rising remittances

Rising remittances

At a time when the economy of Pakistan is facing a number of tough challenges, home remittances continue to grow at a fast pace, giving a much-needed support to the foreign sector of the economy and keeping the risk of external sector default at bay. Acco
Published 17 Apr, 2012 12:00am
New industrial estate opens in Bhalwal

New industrial estate opens in Bhalwal

Punjab Industrial Estate (PIE) Chairman S M Tanveer has said that the industrial estate in Bhalwal will increase about eight to 10 billion rupees annually in the overall gross national product (GNP) and create over 50,000 jobs directly and 2.5 million ind
Published 17 Apr, 2012 12:00am
Wapda installs six desalination plants along Manchar Lake

Wapda installs six desalination plants along Manchar Lake

The Pakistan Water and Power Development Authority (Wapda) has completed the task of installing six desalination plants along Manchar Lake for providing potable water to the populace residing in the areas adjacent to the lake. The honourable Chief Justice
Published 17 Apr, 2012 12:00am
Sale of 114 Kanal land: Chairman ETPB told to appear before court today

Sale of 114 Kanal land: Chairman ETPB told to appear before court today

The Lahore High Court here Monday admitted for regular hearing a petition against possible sale of 114 Kanal land, attached to a Gurdwara, and directed Chairman Evacuee Trust Property Board (ETPB) to appear before the court on Tuesday (today). The petitio
Published 17 Apr, 2012 12:00am
Business Recorder staffer's father's death condoled

Business Recorder staffer's father's death condoled

The Lahore Chamber of Commerce and Industry has expressed deep sense of grief and sorrow over the sudden demise of father of senior journalist Mohammad Riaz. The President of the Lahore Chamber of Commerce and Industry Irfan Qaiser Sheikh in a condolence
Published 17 Apr, 2012 12:00am
Budget 2012-13: MoP seeks Rs 27.32 billion for 22 projects

Budget 2012-13: MoP seeks Rs 27.32 billion for 22 projects

Ministry of Production has requested Rs 27.32 billion from Ministry of Finance for as many as 22 development projects for forthcoming budget 2012-13, it is learnt. According to sources in the Ministry of Production, funds for 10 ongoing and 12 new Public
Published 17 Apr, 2012 12:00am
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