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Print - 2011-06-11
PML-N terms budget pro-poor

PML-N terms budget pro-poor

Pakistan Muslim League-Nawaz has termed Punjab Budget 2011-12 as poor friendly and development-oriented that will go a long way in the rapid development of the province apart from ushering era of progress and prosperity by removing deprivation of the have
Published 11 Jun, 2011 12:00am
Rs 11.250 billion earmarked for irrigation sector

Rs 11.250 billion earmarked for irrigation sector

The Punjab government has allocated Rs 11.250 billion for irrigation sector which is almost 50 percent higher than last year's revised allocation. It may be added that irrigated agriculture accounts for 26 percent of the GDP and caters to the need of over
Published 11 Jun, 2011 12:00am
Rs 11.250 billion earmarked for irrigation sector

Rs 11.250 billion earmarked for irrigation sector

The Punjab government has allocated Rs 11.250 billion for irrigation sector which is almost 50 percent higher than last year's revised allocation. It may be added that irrigated agriculture accounts for 26 percent of the GDP and caters to the need of over
Published 11 Jun, 2011 12:00am
Rs 23.9 billion allocated for education

Rs 23.9 billion allocated for education

The Punjab government has allocated Rs 23.9 billion for education sector on the development side in the provincial budget 2011-2012 announced here on Friday. A small increase is visible if the current allocation is compared with 2010-11 allocation of Rs 2
Published 11 Jun, 2011 12:00am
Rs 23.9 billion allocated for education

Rs 23.9 billion allocated for education

The Punjab government has allocated Rs 23.9 billion for education sector on the development side in the provincial budget 2011-2012 announced here on Friday. A small increase is visible if the current allocation is compared with 2010-11 allocation of Rs 2
Published 11 Jun, 2011 12:00am
Foreign investors: TDAP urged to arrange visits to Sialkot

Foreign investors: TDAP urged to arrange visits to Sialkot

The exporters have urged the federal government and Trade Development Authority of Pakistan (TDAP) to arrange visits of foreign investors and other trade delegation to Sialkot. The city possesses a unique export culture because of that many foreign compan
Published 11 Jun, 2011 12:00am
Ending violence against women

Ending violence against women

The Aurat Foundation reports that 8,458 cases were recorded in 2010 among the four provinces, Punjab topped with 5,550 cases, Balochistan, followed with 230 and finally Islamabad with 168 cases. The sad fact is that many cases go unreported. Almost 1,384
Published 11 Jun, 2011 12:00am
Youth brutally killed by Rangers

Youth brutally killed by Rangers

A youth, Sarfaraz Shah was killed in the firing of Rangers' officials in Boat Basin. Rangers told the media that Sarfaraz was involved in a dacoity and killed in an encounter. On the other hand, people say that the youth was innocent and went to the park
Published 11 Jun, 2011 12:00am
Marble and granite and socio-economic development

Marble and granite and socio-economic development

Exploitation of natural resources for socio-economic development has been a neglected part of country's mining history. The unfathomably passive approach has kept Pakistan far behind others to climb the global markets heights.
Published 11 Jun, 2011 12:00am
Power sector woes - II: Sustainability of sector

Power sector woes - II: Sustainability of sector

The first part of the trilogy on power sector woes outlined the existing position, while listing the issues as perceived by the various stakeholders and the viewpoints of everyone.
Published 11 Jun, 2011 12:00am
Paradigm shift in economy?

Paradigm shift in economy?

The budget season is here and the usual criticism is coming forth. The Almighty never worried about the mathematical equation for the figures given in any budget must speak the language for and of the people. If it does not then the worst will sooner not
Published 11 Jun, 2011 12:00am
Petroleum shortages

Petroleum shortages

The government has appeared helpless in the face of petrol shortages that first hit Punjab nearly a month ago, and have now reached other parts of the country. It took no notice of the fuel shortages until they assumed crisis proportions and the media sta
Published 11 Jun, 2011 12:00am
Volley from the GHQ

Volley from the GHQ

In a rare display of openness the Pak Army's top brass has spoken its mind on the mushrooming criticism of its widely-perceived failure as the country's principal national security organisation. Meeting in the format of the 139th Corps Commanders Conferen
Published 11 Jun, 2011 12:00am
Poor countries say rich evade new climate pledges

Poor countries say rich evade new climate pledges

Developing countries said Friday that rich nations are refusing to negotiate an extension of their commitments to reduce greenhouse gas emissions, charging that they sought to "maintain their privileges and levels of consumption" at the expense of the poo
Published 11 Jun, 2011 12:00am
India's yoga guru Hospitalised

India's yoga guru Hospitalised

Swami Ramdev, India's most famous yoga guru, was taken to hospital on Friday, his spokesman said, seven days into his fast until death to protest against corruption, as pressure grew on the government to accept his demands. Ramdev, who travels by private
Published 11 Jun, 2011 12:00am
Irish former finance minister Lenihan dies

Irish former finance minister Lenihan dies

Ireland's former finance minister Brian Lenihan died of pancreatic cancer at the age of 52 Friday, just months after he helped the country secure a huge international bailout, his family said. Lenihan, a member of one of Ireland's top political dynasties,
Published 11 Jun, 2011 12:00am
EU states agree on tougher sanctions on cybercrime

EU states agree on tougher sanctions on cybercrime

EU countries agreed on Friday on tougher sanctions against people conducting cyber attacks such as those registered in recent weeks against the French government, European institutions and Citigroup. Under the new rules, which have to be agreed by the Eur
Published 11 Jun, 2011 12:00am
22 killed in Syria as US, Turkey slam regime

22 killed in Syria as US, Turkey slam regime

Syrian security forces launched a long-feared crackdown in a flashpoint town on Friday and killed at least 22 pro-democracy demonstrators nation-wide, as Turkey accused the regime of atrocities and the US slammed the "slaughter of innocent lives." "Army u
Published 11 Jun, 2011 12:00am
Italy recalls ambassador to Brazil

Italy recalls ambassador to Brazil

Italy on Friday recalled its ambassador to Brazil for consultations over the decision by Brazilian Supreme Court not to extradite an Italian former leftist terrorist convicted of four murders in his homeland. On Thursday the Italian government strongly cr
Published 11 Jun, 2011 12:00am
Former NSA official pleads guilty in leak case

Former NSA official pleads guilty in leak case

A former senior official in the top secret US National Security Agency at the center of a probe into leaks of classified information pleaded guilty Friday to charges of unauthorised computer access, officials said. Thomas Drake, 54, had been accused of le
Published 11 Jun, 2011 12:00am
Drought in parts of east England

Drought in parts of east England

The British government declared a state of drought on Friday in parts of East Anglia, an important farming region in eastern England, after some areas of the country had their driest spring on record. Declaring a region to be in a state of drought allows
Published 11 Jun, 2011 12:00am
Israel envoys attempt to foil Palestinian UN bid

Israel envoys attempt to foil Palestinian UN bid

Israel's foreign ministry will launch a diplomatic offensive in a bid to foil Palestinian plans to gain United Nations recognition for a state in September, the Haaretz daily reported Friday. The ministry has established a "September Forum" and ordered al
Published 11 Jun, 2011 12:00am
UK ship agent in administration on Iran sanctions

UK ship agent in administration on Iran sanctions

The UK's leading ship liner agent has entered into administration due to the loss of business caused by Western sanctions imposed on the company's Iranian shipping client, its administrator said. Johnson Stevens Agencies Ltd, based in east England, had pr
Published 11 Jun, 2011 12:00am
China accuses Vietnam in escalating sea tensions

China accuses Vietnam in escalating sea tensions

China accused Vietnam of "gravely violating" its sovereignty and endangering Chinese sailors in the South China Sea in an escalating row over territorial claims in the resource-rich region. The Chinese Foreign Ministry issued the condemnation of Vietnam l
Published 11 Jun, 2011 12:00am
Somali interior minister killed in suicide attack

Somali interior minister killed in suicide attack

Somali Interior Minister Abdishakur Sheikh Hassan was killed Friday in a suicide attack at his home, apparently carried out by a woman, senior security officials told AFP. "The minister died in hospital," Adan Mohamed said. "The information we have so far
Published 11 Jun, 2011 12:00am
Gates questions Nato resolve as Misrata pummelled

Gates questions Nato resolve as Misrata pummelled

The United States accused some Nato allies on Friday of failing in their commitment to combat Muammar Qadhafi's forces, as the Libyan leader kept up shelling of the rebel-held town of Misrata. "The mightiest military alliance in history is only 11 weeks i
Published 11 Jun, 2011 12:00am
New York cotton rises as Texas drought stokes advance

New York cotton rises as Texas drought stokes advance

US cotton futures closed higher on Friday on follow-through investor buying as the searing drought in the top growing area of Texas trumped the weakness of outside markets, analysts said. "You've got a weather premium continuing to be built into cotton,"
Published 11 Jun, 2011 12:00am
US copper soars

US copper soars

Copper eked out a modest gain by the close on Thursday, as expectations for a rebound in Chinese imports counterbalanced the negative macro-economic impact from weekly US jobless claims figures. In New York, prices failed to hold on to their slight gains,
Published 11 Jun, 2011 12:00am
Shanghai copper rises

Shanghai copper rises

The most-active August copper contract on the Shanghai Futures Exchange rose 0.3 percent to 67,590 yuan per tonne on Friday, catching up with overnight gains in London. The premium for London copper versus Shanghai narrowed in the previous session. China'
Published 11 Jun, 2011 12:00am
Copper hits two-week low

Copper hits two-week low

Copper fell on Friday to its lowest level since late May after Chinese trade data showed slowing copper imports last month and the dollar strengthened against the euro. Three-month copper on the London Metal Exchange closed at $8,938, down 1.3 percent fro
Published 11 Jun, 2011 12:00am
Malaysian palm oil dips

Malaysian palm oil dips

Malaysian palm oil prices eased on Friday, flirting with one-month lows on a flurry of bearish data that could lead to further losses later in the session. The benchmark August crude palm oil contract on the Bursa Malaysia Derivatives Exchange fell almost
Published 11 Jun, 2011 12:00am
New York coffee rises

New York coffee rises

ICE arabica coffee and cocoa futures closed strong on Thursday, as July/September spreading dominated dealings and as Brazilian coffee farmers held off selling beans. Sugar futures settled lower, after Liffe whites hit a two-month high, in choppy dealings
Published 11 Jun, 2011 12:00am
Tokyo rubber falls, Shanghai little changed

Tokyo rubber falls, Shanghai little changed

Key Tokyo rubber futures fell on Friday, weighed down by a retreat in oil prices, as players sought fresh clues for market direction. The key Tokyo Commodity Exchange rubber contract for November delivery fell 4.1 yen or 1 percent to settle at 383.7 yen p
Published 11 Jun, 2011 12:00am
Liffe sugar climbs

Liffe sugar climbs

Liffe August white sugar closes $11.40 higher at $723.50 a tonne on Friday after earlier rising to a three-month high for the front month of $729.20. Market was boosted by tight supplies and strong demand before Ramazan. Liffe September cocoa ended 14 pou
Published 11 Jun, 2011 12:00am
Oil plummets as Saudi Arabia offers more oil to Asia

Oil plummets as Saudi Arabia offers more oil to Asia

Oil prices fell sharply on Friday on news Saudi Arabia was offering more oil to Asian customers, with additional pressure from a stronger dollar and weak equities. Brent's premium to US crude hit a record high for a second time this week, moving above $19
Published 11 Jun, 2011 12:00am
Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1600 GMT. (NOTE: Markets will be closed for on Monday, June 13):
Published 11 Jun, 2011 12:00am
Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1600 GMT. (NOTE: Markets will be closed for on Monday, June 13):
Published 11 Jun, 2011 12:00am
Gold rises in New York

Gold rises in New York

Gold rose 0.5 percent on Thursday, its biggest one-day gain in two weeks, as crude oil and grain rallied and lingering worries over a European debt crisis boosted bullion buying. Spot gold was up 0.5 percent at $1,544.51 an ounce at 3:30 pm EDT (1930 GMT)
Published 11 Jun, 2011 12:00am
Gold down in Asia

Gold down in Asia

Spot gold ticked lower on Friday under the weight of a slightly higher dollar, but worries about the ongoing debt crisis in the eurozone are likely to keep sentiment in gold market underpinned. Platinum group metals built on recent gains, supported by the
Published 11 Jun, 2011 12:00am
Gold slips in London

Gold slips in London

Gold fell more than 1 percent on Friday, breaking below key support levels as the dollar extended gains against the euro, which came under pressure as concerns over eurozone debt came back to the spotlight. Spot gold fell to a one-week low at $1,525.74 an
Published 11 Jun, 2011 12:00am
US MIDDAY: sugar soars

US MIDDAY: sugar soars

White sugar futures soared to a three-month high and raw sugar hit their priciest in seven weeks on Friday as delays in harvesting and loading crops in Brazil and Thailand combined with brisk cash buying. New York's July raw sugar contract added 0.77 cent
Published 11 Jun, 2011 12:00am
US MIDDAY: corn hits fresh record top

US MIDDAY: corn hits fresh record top

US corn futures hit a new high on Friday, exceeding Thursday's record, with added momentum from stronger wheat prices. Wheat's strength rekindled corn's rise a day after corn jumped due to a US government report that showed tighter stocks than expected.
Published 11 Jun, 2011 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

Copper fell early on Friday to its lowest level since late May after another month of disappointing import statistics from China weighed on sentiment, and left the market to pin its hopes on a June revival. In New York, the COMEX July contract fell 5.15 c
Published 11 Jun, 2011 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold fell on Friday and looked set for its first weekly loss in four weeks as a combination of dollar strength, sliding crude oil and technical weakness triggered selling ahead of the weekend. Bullion came under pressure from losses across the board as US
Published 11 Jun, 2011 12:00am
Two security guards killed in Dera Murad Jamali

Two security guards killed in Dera Murad Jamali

At-least two security guards at a gas pipeline were killed and another kidnapped near the Toll Plaza area of Nasirabad district on Friday. According to police, the victims were on their duties to provide security to the gas pipeline when armed men opened
Published 11 Jun, 2011 12:00am
Clarification

Clarification

A apropos to Business Recorder's article "technical problems at refineries cause petrol shortages" dated Friday June 10th, 2011. Pakistan Refinery has clarified that its Plat former used for producing Petrol is fully functional and is supplying petrol to
Published 11 Jun, 2011 12:00am
FBR assures senate body of 100 percent examination of imported batteries

FBR assures senate body of 100 percent examination of imported batteries

The Federal Board of Revenue (FBR) Member Customs Mumtaz Haider Rizvi has assured the Senate Standing Committee on Finance that the Board will issue instructions to the Model Customs Collectorates (MCCs) to carry out 100 percent examination of consignment
Published 11 Jun, 2011 12:00am
MoU signed to promote energy efficiency, conservation plans

MoU signed to promote energy efficiency, conservation plans

SME Leasing Limited, a subsidiary of SME Bank Limited, and SME Business Support Fund recently signed a Memorandum of Understanding, to facilitate co-operation between the parties for encouraging and promoting energy efficiency and conservation programmes
Published 11 Jun, 2011 12:00am
27 companies trading suspension extended

27 companies trading suspension extended

The Karachi Stock Exchange (KSE) has announced that trading in the shares of 26 listed companies will remain suspended for a further period of 60 days.
Published 11 Jun, 2011 12:00am
12 percent rise in May oil consumption

12 percent rise in May oil consumption

The oil consumption at the local market increased by 12 percent, to 1.8 million tons, during May 2011. This increase was mainly on the back of an increase of 20 percent and 9 percent in furnace oil (FO) and high speed diesel (HSD) sales respectively. "We
Published 11 Jun, 2011 12:00am
Gas pipeline blown up in Dera Bugti

Gas pipeline blown up in Dera Bugti

Unidentified men blew up 16-inch diameter of gas pipeline of well No 28 to 40 in Pirkoh area of Dera Bugti on Friday. According to the Levies Force, unidentified men had attached explosive device with gas pipeline, which detonated. The blast damaged 16-in
Published 11 Jun, 2011 12:00am
Zardari wants revamping, upgradation of PIMS

Zardari wants revamping, upgradation of PIMS

President Asif Ali Zardari called for setting up of a committee comprising federal secretaries of Health, Finance, Economic Affair Division, Executive Director of PIMS and other stakeholders to prepare a comprehensive plan for revamping and upgrading Paki
Published 11 Jun, 2011 12:00am
'SHRM working to build sustainable HR partnerships'

'SHRM working to build sustainable HR partnerships'

SHRM Forum is a non-profit Society of Human Resource management working for building and sustaining partnerships with human resource professionals, media, government, non-governmental organisations, businesses and academic institutions across the globe to
Published 11 Jun, 2011 12:00am
Agricultural inputs distributed among flood-hit farmers

Agricultural inputs distributed among flood-hit farmers

Pakistan Village Development Programme (PVDP), with the assistance of TROCAIR, distributed agricultural inputs including fertiliser, maize, vegetable seeds and other farming-related items among 640 flood-affected farmers of Miangaan and Banda Sheikh Ismai
Published 11 Jun, 2011 12:00am
POL dealers' margin hike to resolve shortage problem: PPDA

POL dealers' margin hike to resolve shortage problem: PPDA

In a move to exploit current fuel scarcity in the country, the chairman of Pakistan Petroleum Dealers Association (PPDA) has emphasised on raising the profit margins of all stakeholders to avert such happenings in future.
Published 11 Jun, 2011 12:00am
Cadbury Pakistan is now Kraft Foods

Cadbury Pakistan is now Kraft Foods

Cadbury Pakistan Limited, one of the leading confectionery companies announced its legal entity name change to "Kraft Foods Pakistan Limited" w.e.f May 17, 2011, following global acquisition of Cadbury by Kraft Foods Inc. Cadbury was established in Pakist
Published 11 Jun, 2011 12:00am
KESC, Sindh government chalk out rain emergency plan

KESC, Sindh government chalk out rain emergency plan

The Karachi Electric Supply Company (KESC) has in collaboration with the provincial government taken all possible measures in view of the upcoming monsoon rains and winds forecast to hit Karachi by late Sunday evening. Public awareness on rain hazards, po
Published 11 Jun, 2011 12:00am
PTA appreciates telecom operators for maintaining global standards

PTA appreciates telecom operators for maintaining global standards

The customer care practices enforced by the telecom operators in the country are in line with global standards that have helped raise the bar for customer care as an industry in Pakistan," said Dr Muhammad Yaseen, Chairman Pakistan Telecommunications Auth
Published 11 Jun, 2011 12:00am
Quackery on the rise in Karachi

Quackery on the rise in Karachi

With no check on the fake medical practitioners, quackery is fast spreading in Karachi, as some 30,000 quakes are operating in the city currently, playing with the lives of innocent citizens, Business Recorder learnt on Friday. Over all some 600,00
Published 11 Jun, 2011 12:00am
Germany provides over 200 million euros for Hydel projects

Germany provides over 200 million euros for Hydel projects

Germany has provided over 200 million euros for the construction of various small and medium size hydel projects and installation and rehabilitation of transmission lines in Khyber Pakhtunkhawa during 2009-10. We will provide another 48.5 million euros fo
Published 11 Jun, 2011 12:00am
FBR admits mistake regarding effective date for reduced ST rate

FBR admits mistake regarding effective date for reduced ST rate

The Federal Board of Revenue (FBR) has admitted before the Senate Standing Committee on Finance that the Board has mistakenly given July 1, 2011 as effective date for reduction in sales tax from 17 to 16 percent and abolition of 2.5 percent special excise
Published 11 Jun, 2011 12:00am
Pak-US ties: trust deficit to hinder anti-terror efforts

Pak-US ties: trust deficit to hinder anti-terror efforts

Minister for Information Khyber Pakhtunkwa, Mian Iftikhar Hussain on Friday said the growing trust deficit between Pakistan and the US will hinder anti-terror efforts and called for adopting joint strategy to gain all desirable objectives.
Published 11 Jun, 2011 12:00am
Siemens launches Student Award

Siemens launches Student Award

Siemens has launched the 'Student Award', under which prizes to the tune of US dollars 45,000 will be given on best answers to the toughest questions related to mega trends. The Siemens Pakistan in a statement here on Friday that called for outstanding id
Published 11 Jun, 2011 12:00am
KESC fails to bridge electricity demand and supply gap

KESC fails to bridge electricity demand and supply gap

Despite collecting around nine billion rupees every month from the consumers, the Karachi Electric Supply Company (KESC) failed to bridge or lessen the widening gap between demand and supply of electricity. The monthly revenue collection of the company st
Published 11 Jun, 2011 12:00am
SIU arrests JSMM activist

SIU arrests JSMM activist

Special Investigation Unit (SIU) of Sindh police on Friday claimed to have arrested an activist of Jiye Sindh Muttahida Mahaz (JSMM), who was involved in recent railway-track attacks from Korangi Industrial Area. According to the details, a team headed by
Published 11 Jun, 2011 12:00am
KESC asks government to get offices vacated from miscreants

KESC asks government to get offices vacated from miscreants

The Karachi Electric Supply Company has expressed great dismay over the administration's silent spectator's role when the armed miscreants have taken illegal possession of KESC's operational nerve centre LDC and other important offices despite imposition
Published 11 Jun, 2011 12:00am
Waste management plan: SEPA issued notices to 91 hospitals

Waste management plan: SEPA issued notices to 91 hospitals

Sindh Environ-mental Protection Agency (SEPA) has issued notices to 91 private and public hospitals of Karachi for submitting their waste management plans according to hospitals waste management rules 2005, Business Recorder learnt on Friday. The w
Published 11 Jun, 2011 12:00am
Haris, farmers' children gifted school bags, shoes

Haris, farmers' children gifted school bags, shoes

Schoolbags and shoe distribution ceremony was organised on Friday by Society for Protection of Rights (Sparc) at Sikandarabad Hari Camp Kotri, District Jamshoro. All harries (growers/farmers) of the camp and students of Harri Camp School participated in g
Published 11 Jun, 2011 12:00am
Iesco power suspension notice

Iesco power suspension notice

According to Iesco spokesman, due to the replacement of existing old age 11KV I/C panal at E-8 grid station Islamabad. Power supply of the areas fall under the following feeders would remain suspended.
Published 11 Jun, 2011 12:00am
Fifth 'Export Trophy' Awards ceremony organised

Fifth 'Export Trophy' Awards ceremony organised

Rice Exporters Association of Pakistan (Reap) organised its fifth Export Trophy Award ceremony on Monday at a local hotel, said a press release issued here Friday. Sardar Muhammad Latif Khan Khosa, Governor Punjab was the chief guest on the occasion, whic
Published 11 Jun, 2011 12:00am
AJK polls: PPP to give PML-N tough time: minister

AJK polls: PPP to give PML-N tough time: minister

Federal Minister for Information and Broadcasting, Dr Firdous Ashiq Awan has vowed to clinch victory, besides declaring that the PPP would give a tough time to PML-N and AJK Muslim Conference during the AJK Legislative Assembly general elections in consti
Published 11 Jun, 2011 12:00am
Crisis attributed to 1,000 tons cut in supply from Attock Refinery

Crisis attributed to 1,000 tons cut in supply from Attock Refinery

A technical problem in Attock Oil Refinery and subsequent reduction in supply of 1,000 tons petrol per day created shortage of petrol in Punjab, said Parliamentary Secretary, Tariq Khattak. Responding to a call attention notice in the National Assembly, o
Published 11 Jun, 2011 12:00am
Ogra may probe into petrol shortage

Ogra may probe into petrol shortage

The Oil and Gas Regulatory Authority (Ogra) is likely to start formal investigation into the current petrol shortage in the country. According to sources in the Ministry of Petroleum and Natural Resources, Orga would investigate whether the oil refineries
Published 11 Jun, 2011 12:00am
Hajj scandal: Supreme Court orders re-posting of Husain Asghar

Hajj scandal: Supreme Court orders re-posting of Husain Asghar

The Supreme Court on Friday once again ordered Secretary, Establishment Division, to re-post Hussain Asghar, Federal Investigation Officer, in the Hajj scandal. A larger bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Javed Iqbal, Justi
Published 11 Jun, 2011 12:00am
Passenger held with gold, forex at BBI airport

Passenger held with gold, forex at BBI airport

Customs staff deputed at the Benazir Bhutto International Airport, Islamabad recovered over 15kgs of gold and foreign currency equivalent to Rs 13.72 millions from a passenger coming from Abu Dhabi. In a statement issued here on Friday by the customs depa
Published 11 Jun, 2011 12:00am
Rs 230 million allocated to build wheat silos in Punjab

Rs 230 million allocated to build wheat silos in Punjab

Punjab Food Department has been allocated a sum of rupees 230 million in the Budget 2011-12 to build new storage in the province for overcoming shortage of the capacity estimated at 2.1 million tons. During the procurement campaign of previous and current
Published 11 Jun, 2011 12:00am
IMF welcomes government decision to keep deficit at four percent of GDP

IMF welcomes government decision to keep deficit at four percent of GDP

The International Monetary Fund (IMF) has welcomed the government's decision to reduce the fiscal deficit from 4.5 to 4 percent of GDP for the coming fiscal 2011-12. This was stated by Caroline Atkinson, Director of External Relations, IMF during a press
Published 11 Jun, 2011 12:00am
Islamabad a polio-free city since last three years: report

Islamabad a polio-free city since last three years: report

The federal capital Islamabad has been a polio-free city since last three years as no such case has been detected during the period, courtesy to the enhanced vigilance of civic authorities. During the recent anti-polio drive, the vaccination teams adminis
Published 11 Jun, 2011 12:00am
Sarbajit Singh: LHC moved against possible presidential pardon

Sarbajit Singh: LHC moved against possible presidential pardon

A petition against possible presidential pardon to Indian spy Sarbajit Singh has been filed before Lahore High Court. Sarajit is on a death row for killing 14 Pakistanis in Lahore and Multan in bomb blasts in 1990. The petitioner, Rana Ilamuddin Ghazi Adv
Published 11 Jun, 2011 12:00am
No institution is sacred, says Nawaz

No institution is sacred, says Nawaz

Pakistan Muslim League chief Nawaz Sharif declare on Friday that no institution was above the law and there was no sacred cow in the country. "We will not allow anybody to become a sacred cow," he said while addressing a reference in memory of late invest
Published 11 Jun, 2011 12:00am
Seminar on 'economic needs and realities' held

Seminar on 'economic needs and realities' held

Jinnah Institute organised a seminar on 'Pakistan's economic needs and realities' wherein senior politicians and media people discussed the grave challenges being faced by the economy. The participants agreed Friday that Pakistan needs to overhaul its tax
Published 11 Jun, 2011 12:00am
Senate body completes review of Finance Bill

Senate body completes review of Finance Bill

The Senate Standing Committee on Finance here on Friday completed the review of the Finance Bill (2011-12) and finalised a number of recommendations for presentation in the Senate after thorough examination of over 200 proposals for revision in the budget
Published 11 Jun, 2011 12:00am
Civil society slams youth's murder

Civil society slams youth's murder

Members of civil society on Friday organised a rally under the auspices of Muttahida Shehri Mahaz to condemn the point-blank shooting of an unarmed young man by Sindh Rangers on Wednesday. The rally was led by Tariq Naeemullah Khan, President of MSM. The
Published 11 Jun, 2011 12:00am
Murder of youth: Rangers personnel remanded to police custody

Murder of youth: Rangers personnel remanded to police custody

Two accused personnel of Pakistan Rangers (Sindh) were remanded to police custody for 5-days by the Judicial Magistrate, South, Nadeem Badar Qazi here on Friday. The accused Mohammed Afzal and Shahzad Zafar were booked by Boat Basin Police on the complain
Published 11 Jun, 2011 12:00am
Agreement signed to set up sugar mill in Tando Allahyar

Agreement signed to set up sugar mill in Tando Allahyar

A signing ceremony was held on June 09, 2011 here to mark the successful financial close of a Syndicated Finance Facility for establishment of a new sugar mill in Tando Allahyar District, Sindh.
Published 11 Jun, 2011 12:00am
Fahad company launches light commercial air conditioners

Fahad company launches light commercial air conditioners

Fahad and Company on Friday announced the availability of YORK residential and light commercial air conditioners through their extensive dealer network at a glittering function that was attended by the business elite, dealer principals, associates, and re
Published 11 Jun, 2011 12:00am
ZONG attracts highest number of new subscribers

ZONG attracts highest number of new subscribers

ZONG, the fastest growing network of Pakistan, has successfully added 3.1 million subscribers in its base during first three quarter of fiscal year 2010 - 2011 and has shown highest growth in users' number among all telecom operators. According to Pakista
Published 11 Jun, 2011 12:00am
14 children die as van plunges into Jhelum canal

14 children die as van plunges into Jhelum canal

At-least 14 students of different local schools are feared dead as a school wagon skidded off the road and fell into upper Jhelum canal at Ali Beg town, district Bhimbher early Friday morning, police said. Superintendent Police Bhimbher, Chaudhry Munir Hu
Published 11 Jun, 2011 12:00am
MoC to restart import of non-prohibited bore arms

MoC to restart import of non-prohibited bore arms

Commerce Ministry is to restart commercial import of arms and ammunition of non-prohibited bore, with officials of the ministry focused on turning it into a 'profitable' personal business. Official documents obtained from the Cabinet Division reveal that
Published 11 Jun, 2011 12:00am
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