News Archives for Print - 2011-08-27

Fixed ST per litre on POL products: proposal not considered seriously

A Member of the Federal Board of Revenue (FBR) has asked the tax authorities to consider the proposal to impose fixed amount of sales tax per litre on petroleum products including high-speed diesel (HSD) and petrol. An FBR official told Business Record

Published 27 Aug, 2011 12:00am

At least 53 killed in Mexico casino attack

An arson attack on a casino in the northern Mexican industrial city of Monterrey sparked a massive fire and killed at least 53 people, the governor of the state of Nuevo Leon said Thursday. Governor Rodrigo Medina announced the grim toll in an interview w
Published 27 Aug, 2011 12:00am

BHP completes Petrohawk takeover

Mining giant BHP Billiton said on Friday it had completed its US $12.1 billion take-over of the US-based Petrohawk Energy Corporation. The company, which posted a record-breaking financial year profit of US $23.6 billion this week, said the deal was seale
Published 27 Aug, 2011 12:00am

SSGC clarification

The Management of SSGC has clarified a news item titled "SSGC Accused of Violation of PEPRA Rules" that appeared in the Business Recorder on 24 August 2011. The facts with regard to the issues referred to in the article are stated hereunder: SSGC h
Published 27 Aug, 2011 12:00am

Non-opening of L/C against sugar contract: national exchequer incurred Rs 1.369 billion loss: AGP report

The Auditor General of Pakistan Report 2010-11 has revealed that the exchequer faced a loss of Rs 1.369 billion due to non-opening of Letter of Credit (L/C) against a sugar contract. According to the audit report, Trading Corporation of Pakistan (TCP) ope
Published 27 Aug, 2011 12:00am

Setting up six terminals on border: stakeholders to be consulted

The Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Sheikh on Friday chaired a meeting about different proposals of National Logistic Board (NLB). The NLB demanded establishment of six terminals at the borders areas of Taftan, Chaman, To
Published 27 Aug, 2011 12:00am

Sadqa-e-Fitr fixed at Rs 80

The minimum amount of Sadqa-e-Fitr to be paid before Eid-ul-Fitr has been fixed at Rs 80 this year, President, Tanzeem-ul-Madaris Ahl-e-Sunnat Pakistan and Chairman, Central Ruet-e-Hilal Committee, Mufti Muneeb-ur-Rehman said on Friday. According to the m
Published 27 Aug, 2011 12:00am

US senator asks Pakistan to curb Afghan explosives

A US senator visiting Islamabad said Friday he is pressing Pakistan to reduce the flow of an explosives material used in roadside bombs that wound and kill hundreds of US soldiers in Afghanistan. Senator Robert Casey said in a conference call that his tal
Published 27 Aug, 2011 12:00am

Tax Year 2011-12: FBR issues instructions to prepare ST, FED returns

The Federal Board of Revenue has issued general instructions for preparing the Sales Tax &Federal Excise returns for Tax Year-2011-12 to facilitate the business community. According to the FBR instructions issued late Friday night for the taxpayers, the m
Published 27 Aug, 2011 12:00am

Teen in US custody in 'Jihad Jane' plot

A US teen from Pakistan is in secret custody, accused of helping recruit terrorists for the woman known as ``Jihad Jane,' a person close to the boy's family said Friday. Charges filed last month accuse the 17-year-old of helping Colleen LaRose in her alle
Published 27 Aug, 2011 12:00am

Millions in China at risk from run-down dams

More than a quarter of Chinese cities are at risk from tens of thousands of run-down reservoirs, prompting the government to speed up efforts to make repairs, state media said Friday. More than 40,000 reservoirs around the country have been in use longer
Published 27 Aug, 2011 12:00am

'Railways radiators misappropriated not stolen'

An inquiry into the theft of 11 radiators from railways locomotives worth million of rupees revealed that the radiators were not stolen rather these were misappropriated and placed in another two engines. According to the inquiry report of the departmenta
Published 27 Aug, 2011 12:00am

Swiss kickstarts talks with US to settle tax probe

Switzerland has made a proposal to try to kick-start talks to settle its impasse with US authorities over Swiss banks suspected of helping wealthy Americans dodge taxes, its finance minister said. "We have presented a discussion framework (to the US)," Mi
Published 27 Aug, 2011 12:00am

Juma-tul-wida observed in Quetta

Juma-tul-wida, last Friday of the holy month of Ramazan was observed in Quetta with religious fervour and solemnity amid strict security. Religious scholars gave the sermon and led the prayers at the all Jamia mosques across the city. Special arrangements
Published 27 Aug, 2011 12:00am

Prime Minister urges bureaucracy to ensure good governance

Prime Minister, Syed Yousuf Raza Gilani on Friday called upon the country's civil bureaucracy to play effective role in implementing government policies and ensuring good governance.
Published 27 Aug, 2011 12:00am

Prime Minister approves appointments of new ambassadors

Prime Minister Syed Yousuf Raza Gilani has approved appointment of new ambassadors in Pakistani missions abroad, it was learnt on Friday. Sources told Business Recorder that according to the new appointments, Foreign Office spokesperson Tehmina Jan
Published 27 Aug, 2011 12:00am

AJK President calls on Zardari

Haji Sardar Muhammad Yaqoob Khan, President AJK, called on President Asif Ali Zardari at Aiwan-e-Sadr on Friday. The President felicitated him on assuming important responsibilities as the President of AJK and joining the ranks of distinguished politician
Published 27 Aug, 2011 12:00am

$72 million agreements signed to sustain polio drive

The government of Pakistan Friday signed two agreements worth US dollars 72 million to sustain its polio campaigns. On behalf of Government of Pakistan, federal secretary Inter-Provincial Co-ordination Division, Arif Azeem signed the agreements whereas fr
Published 27 Aug, 2011 12:00am

Prime Minister approves additional benches of NIRC

Prime Minister Syed Yousuf Raza Gilani has approved establishment of additional benches of National Industrial Relations Commission (NIRC) at Sukkur, Multan and Islamabad. The additional benches were approved to facilitate the workers of southern Punjab a
Published 27 Aug, 2011 12:00am

KBP demands WHT abolition on cotton trade

The Kisan Board, Pakistan (KBP), welcoming the withdrawal of levy of withholding tax on trade of cotton, has urged the government to abolish it from trade of other agricultural commodities to save the agri sector from destruction.
Published 27 Aug, 2011 12:00am

Lawyers extend courts boycott till August 30

Lawyers on Friday boycotted courts proceedings to protest murder of their colleague Murtaza Chinoy in his office here on August 25. They organised protest meetings at City and District Courts Malir Courts and High Court of Sindh. A joint meeting of Karach
Published 27 Aug, 2011 12:00am

Smeda, UCP sign MoU to conduct joint research, studies

The Small and Medium Enterprises Development Authority (Smeda) has signed a Memorandum of Understanding (MoU) with the University of Central Punjab (UCP), Lahore, to conduct joint research and studies on SMEs development through industry academia linkages
Published 27 Aug, 2011 12:00am

$20 million MDTF grant for sustainable employment in Khyber Pakhtunkhwa, Fata

The Khyber Pakhtunkhwa, Federally Administered Tribal Areas (Fata) and Balochistan Multi-Donor Trust Fund (MDTF) here on Thursday announced the approval of a US $20 million grant that will create sustainable employment opportunities through rehabilitation
Published 27 Aug, 2011 12:00am

Eid prayer timings at Faisal Masjid

Eid-ul-Fitr prayer will be offered at 08.30 am at Faisal Masjid Islamabad. Director General Dawah Academy, International Islamic University Islamabad, Professor Dr Sahibzada Sajid-ur-Rehman will lead the prayer, said a news release issued here on Friday.
Published 27 Aug, 2011 12:00am

Pakistan values brotherly ties with Azerbaijan: Naek

Senate Chairman Farooq H. Naek on Friday said Pakistan greatly values its close brotherly relations with Azerbaijan which was based on historical, cultural and religious commonality. Talking to the newly appointed Ambassador of Azerbaijan to Pakistan, Das
Published 27 Aug, 2011 12:00am

Privatisation of eight PSEs: government has failed to fulfil commitment to its donors

The government has yet to fulfil its commitment to international donors to restructure/privatise the Trading Corporation of Pakistan (TCP) and the Pakistan Agricultural Storage and Services Corporation (Passco), which are causing a loss of billions of rup
Published 27 Aug, 2011 12:00am

Filling stations: no gas loadshedding on Eid, says SNGPL

Sui Northern Gas Pipeline Limited (SNGPL) will observe no load-shedding of Compressed Natural Gas (CNG) filling stations from Monday to Sunday in order to facilitate people on the occasion of Eid-ul-Fitr. According to CNG association, the new plan would b
Published 27 Aug, 2011 12:00am

NESPAK, Saud Consult to undertake more power projects

National Engineering Services Pakistan (NESPAK) Pvt Limited and Saud Consult, a leading firm of Saudi consulting engineers, have decided to further expand their business by jointly undertaking more power projects in the Kingdom of Saudi Arabia. This was s
Published 27 Aug, 2011 12:00am

2,500 cops to perform security duties on Eid

More than 2,500 personnel of Islamabad police including security police will guard the city when the people will leave to their native towns on the eve of Eidul Fitr. Islamabad police have chalked out a security plan and holidays especially of the police
Published 27 Aug, 2011 12:00am

Juma-tul-wida observed with religious sanctity

Muslims all across the country observed Juma-tul-wida (last Friday of the holy month of Ramazan) and Al-Qudus Day with religious sanctity on Friday. Followers thronged mosques and worship places to offer prayers with respect and honour as the Day bears ke
Published 27 Aug, 2011 12:00am

Juma-tul-wida observed with religious fervour in Khyber Pakhtunkhwa

The Juma-tul-wida (last Friday of Ramazan-ul-Mubarak) was observed with religious fervour and benediction here in the provincial metropolis. A large number of Muslim performed Jumma prayer in all Jamia mosques in the city and cantonment areas, rest of dis
Published 27 Aug, 2011 12:00am

Handpicked AG to hide government misdeeds, says Nisar

Chaudhry Nisar Ali Khan, chairman Public Accounts Committee (PAC) on Friday said that the audit paras, showing two year's performance of Prime Minister Gilani are being taken up by the PAC, which could be the reason for appointing auditor general of the p
Published 27 Aug, 2011 12:00am

Khosa for early, safe recovery of Shahbaz Taseer

Punjab Governor Latif Khan Khosa on Friday urged provincial government to ensure safe and early recovery of Shahbaz Taseer and award exemplary punishments to the kidnappers. Addressing a press conference the Governor further said that either the Punjab go
Published 27 Aug, 2011 12:00am

Taliban enemy of nation: Bilour

Senior Minister Khyber Pakhtunkhwa and Parliamentary leader of ANP, Bashir Bilour on Friday said continuation of killing of innocent people even in the holy month of Ramazan through bomb blasts has exposed the real face of Taliban that they are not workin
Published 27 Aug, 2011 12:00am

Section 144 imposed on display of arms, aerial firing

District Co-ordination Officer (DCO) Siraj Ahmad Khan on Friday imposed section 144 on brandishing of arms and aerial firing for the next 15-day in the provincial capital. According to the details, the district administration has imposed section 144 on di
Published 27 Aug, 2011 12:00am

Gilani joins the faithful at Juma-tul-wida prayers

Prime Minister Yousuf Raza Gilani offered prayers on last Friday of Ramazan at the capital's iconic Faisal Mosque, nestled at the Margallas foothills. The Imam of Faisal Mosque prayed for peace in the country, particularly for normalcy in Karachi, and sou
Published 27 Aug, 2011 12:00am

Recovery of Shahbaz Taseer: FIA, IB directed to provide support to Punjab government

Interior Minister Rehman Malik has directed the Federal Investigation Agency (FIA) and Intelligence Bureau (IB) to provide all out support to Punjab government for safe recovery of Shahbaz Taseer, son of slain former Punjab Governor Salman Taseer. Federal
Published 27 Aug, 2011 12:00am

Doctors' future uncertain despite qualifying in SPSC exams

Doctors qualified the Sindh Public Service Commission (SPSC)exams are uncertain about their future as they have been waiting for their appointments for the last five months, learned Business Recorder on Friday. Sources said that Sindh Public Servic
Published 27 Aug, 2011 12:00am

Fire breaks out in warehouses

A mysterious fire that broke out in a godown of electronic appliances in the jurisdiction of Saddar Town on early Friday, left millions of rupees commodities into ashes. "We were informed by a caller, who might be a watchman in the wee hours of Friday mor
Published 27 Aug, 2011 12:00am

Chakra Goth to have permanent police posts: Wassan

Sindh Home Minister Manzoor Wassan has said that Korangi's violence prone Chakra Goth will have permanent police check posts. "Provincial government has planned check posts on permanent basis and will pay compensation to the victims of recent violence," h
Published 27 Aug, 2011 12:00am

PU awards PhD degrees

Punjab University has awarded PhD degrees to Rana Amjad Ayub Bhatti S/o Muhammad Ayub Bhatti in the subject of Chemistry after approval of his research thesis entitled "Synthesis of Eco-Friendly Dyes."
Published 27 Aug, 2011 12:00am

Geelani, Shabbir placed under house arrest

In Indian Occupied Kashmir, veteran Kashmiri Hurriyet leader, Syed Ali Geelani and senior APHC leader, Shabbir Ahmad Shah were placed under house arrest on Friday. Syed Ali Geelani has been placed under house arrest at his Hyderpora residence in occupied
Published 27 Aug, 2011 12:00am

Three lost life in separate incidents

Three persons including a woman were killed in separate incidents at various parts of the metropolis here on Friday. According to police, a bullet-riddled body of a man was found near Denso Hall in the limits of Kharadar police station. The victim was ide
Published 27 Aug, 2011 12:00am

BDS defuses parcel bomb sent to scientist

Bomb Disposal Squad (BDS) foiled a bid of terrorism at Gulistan-e-Jauhar where a powerful parcel bomb, dispatched to the house of the scientist of Pakistan Council of Scientific and Industrial Research (PCSIR), was defused on early Friday.
Published 27 Aug, 2011 12:00am

Rally held against Karachi killings

'Save Judiciary Committee' (SJC) took out a rally from High Court Bar premises to Lahore High Court main gate to express solidarity with Karachi people against target killing.
Published 27 Aug, 2011 12:00am

Think tank downbeat on Afghan peace

Uncertainty over Washington's long-term plans in Afghanistan is undermining prospects of reconciliation with the Taliban, according to an influential foreign policy think tank. The independent Jinnah Institute said in a report released Thursday that the p
Published 27 Aug, 2011 12:00am

Police depoliticalisation vital: chief minister Punjab suggests clampdown against extortionists, target killers

Punjab Chief Minister Shahbaz Sharif here on Friday proposed ruthless clampdown on extortionists and target killers to restore peace in the country's largest city, warning that Karachi's unrest could destabilise Pakistan. Speaking at Karachi Press Club's
Published 27 Aug, 2011 12:00am

Punjab chief minister takes notice of abduction of Shahbaz Taseer

Punjab Chief Minister, Shahbaz Sharif on Friday took notice of the abduction of Shahbaz Taseer, son of late Governor of Punjab Salman Taseer. The chief minister has ordered law enforcement agencies to ensure prompt release of Shahbaz Taseer. Punjab Chief
Published 27 Aug, 2011 12:00am

HRCP urges government to ensure safe recovery

The Human Rights Commission of Pakistan (HRCP) has expressed alarm at the abduction of Shahbaz Taseer, son of assassinated Governor Punjab Salman Taseer, and called upon the government to ensure his early and safe recovery. In a statement issued on Friday
Published 27 Aug, 2011 12:00am

Commodore Mirza new PAF spokesman

Air Commo-dore Anis Mirza SI (M) on Friday was appointed as Director Media Affairs Pakistan Air Force, Air Headquarter, here. According to PAF, Commodore Mirza has replaced Air Commodore Tariq Qamar Yazdanie, who is proceeding on another appointment.
Published 27 Aug, 2011 12:00am

US senators visit martyrs' memorial

"We place this wreath in memory of all members of the Pakistan Armed Forces who have given their lives in the fight against terrorism and violent extremism. These brave soldiers defended Pakistan with their lives, and the American people wish to honour th
Published 27 Aug, 2011 12:00am

PPP protests abduction of Shahbaz Taseer

Pakistan Peoples' Party Punjab protested outside Punjab Assembly against the abduction of Shahbaz Taseer. Secretary General PPP Punjab, Samiullah Durrani said the PPP would continue protest until the recovery of Shahbaz Taseer. The party workers chanted s
Published 27 Aug, 2011 12:00am

Internal security, check on terrorism: government spent Rs 320 billion in four years

Pakistan spent more than Rs 320 billion on internal security to control the menace of terrorism during last four years, in which Punjab topped the list with Rs 160 billion, while Gilgit-Baltistan wasd on the bottom with Rs 4 billion. The Rs 320 billion wa
Published 27 Aug, 2011 12:00am

Altaf concerned over kidnapping of Shahbaz Taseer

Muttahida Qaumi Movement (MQM) Quaid Altaf Hussain on Friday expressed concern over the kidnapping of Shahbaz Taseer, son of the former governor of the Punjab Salman Taseer. Hussain termed the abduction of Shahbaz as reprehensible and asked the government
Published 27 Aug, 2011 12:00am

IDPs return to Kurram Agency begins

The return of people rendered displaced in the wake of an army operation in Central Kurram Agency has begun on Friday. Talking to a private news channel, Political Agent Central Kurram Shahab Ali Shahab said that on the first day on Friday 65 families wer
Published 27 Aug, 2011 12:00am

Flood-hit areas: Rescue 1122 staff directed to increase number of boats

The Punjab Minister for Agriculture, Irrigation and Livestock Punjab Malik Ahmed Ali visited the flood-hit areas of Ganda Singh Wala Kasur and personally monitored the relief activities being carried out there. The Minister visited Talwar Post, Sehjra, Ba
Published 27 Aug, 2011 12:00am

Will it work?

The Economic Co-ordination Committee (ECC) of the Cabinet, under the chairmanship of the federal Finance Minister Dr Abdul Hafeez Sheikh, supported the Water and Power Ministry's proposal to give operational and maintenance control of four power generatio
Published 27 Aug, 2011 12:00am

Channelling the power of sports

Khyber-Pakhtunkhwa and the tribal agencies of Fata have become a regular feature of daily news for all the wrong reasons. Crumbling under massive militancy, good news from the region are far and few. With such a gloomy scenario, the announcement that 50 s
Published 27 Aug, 2011 12:00am

Decision-making and Devolution

The Karachi scene is a forerunner of many things to come unless we in Pakistan get our own act together. That act is not only about the bloodshed in Karachi but a way of thinking about the realities and honesty in life. Is there an honest way in this coun
Published 27 Aug, 2011 12:00am

Fighting money laundering - a UK perspective - II

Identification22 requirements: Their essence is that the identity of counterparties and customers is known to the firm, and the same is required to be established as soon as reasonably practicable:23
Published 27 Aug, 2011 12:00am

Martin Luther King's dream now etched in stone

Cheryl Leanza and her 5-year-old daughter were walking through a light crowd Thursday into the newest memorial on Washington's National Mall. "Do you remember what Martin Luther King did?" asked Leanza, a white mother from the Maryland suburbs outside Was
Published 27 Aug, 2011 12:00am

Karachi situation

It is heartening to note the arrival of the Army chief in violence-torn Karachi where he reportedly met heads of security and law enforcement agencies during a briefing on the city's situation.
Published 27 Aug, 2011 12:00am

Partly Facetious: Everyone is expendable except the co-chairman

"The Prime Minister gave an iftar party for journalists on Thursday."
Published 27 Aug, 2011 12:00am

Transfers, postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted six tax officials of Inland Revenue Service (BS-17 and BS-18) with immediate effect.
Published 27 Aug, 2011 12:00am

England rest Pietersen for ODI series

Kevin Pietersen was the big name missing from the England squad announced on Friday for the upcoming five-match One-day international series against India. The first-choice batsman has been rested as part of the England and Wales Cricket Board's policy of
Published 27 Aug, 2011 12:00am

New York cotton settles lower, market may see more losses

Cotton futures settled higher Friday on investor buying to end a 3-day losing streak as firmer outside markets gave fibre contracts a lift, analysts said. World stocks surged and the dollar fell after Federal Reserve chairman Ben Bernanke left the door op
Published 27 Aug, 2011 12:00am

China denounces US report, defends military upgrade

China denounced on Friday a Pentagon report that warned its military modernisation could destabilise the region, saying the US military's annual assessment of Beijing's armed forces indulged in exaggeration and "groundless suspicion". Beijing and Washingt
Published 27 Aug, 2011 12:00am

British crew first to row to magnetic North Pole

A six-man British crew celebrated Friday after becoming the first to row to the magnetic North Pole, completing the 450-mile (725-kilometre) journey from northern Canada in just under four weeks. Crew leader Jock Wishart undertook the expedition to highli
Published 27 Aug, 2011 12:00am

Iraqi officials say rockets land in Iraq, not Kuwait

Three rockets fired in Iraq's southern oil port city of Basra landed inside Iraq and were not aimed at Kuwait or the disputed Mubarak port, an Iraqi official said on Friday. Ali al-Maliki, head of the Basra provincial council's security committee, said th
Published 27 Aug, 2011 12:00am

Israel to allow thousands of Egyptian troops in Sinai

Israeli Defence Minister Ehud Barak will agree to let Egypt deploy thousands of troops in the Sinai to tighten security after a deadly border attack by gunmen that strained relations between the two countries, the Economist reported on Friday. Their 1979
Published 27 Aug, 2011 12:00am

Egyptians protest at Israeli embassy in Cairo

Hundreds of Egyptians protested in front of the Israeli embassy in Cairo on Friday and demanded the expulsion of the country's ambassador as public anger grows against the Jewish state's killing of five Egyptian border guards. The Egyptian border guards w
Published 27 Aug, 2011 12:00am

El Salvador recognises Palestinian statehood

El Salvador said Thursday it would recognise Palestine as an independent state in a move aimed at helping to advance the Middle East peace process. "We would like to formally recognise Palestine as a free, sovereign and independent state," President Mauri
Published 27 Aug, 2011 12:00am

Iran stages anti-Israel rallies

Iran on Friday staged anti-Israeli rallies nation-wide, state media reported. According to state television, millions of people were expected to attend the state-run rallies throughout the country and voice their support for Palestinians and the "liberati
Published 27 Aug, 2011 12:00am

Russia and China resist UN Syria sanctions push

The US and European push to impose UN Security Council sanctions on Syria for its bloody crackdown on pro-democracy demonstrators is meeting fierce resistance from Russia and China, UN diplomats said. The United States, Britain, France, Germany and Portug
Published 27 Aug, 2011 12:00am

Syria forces kill 3 at prayer protests

Forces loyal to Syria's president Bashar al-Assad killed three protesters after Friday prayers in eastern and southern towns, activists said, as demonstrations flared, buoyed by the demise of Muammar Gaddafi's power in Libya. Assad has sent in tanks and s
Published 27 Aug, 2011 12:00am

US East Coast readies for 'big, bad' hurricane

The United States urged 55 million people on its East Coast on Friday to prepare for the onslaught of massive Hurricane Irene, which President Barack Obama warned could be "extremely dangerous and costly." "All indications point to this being a historic h
Published 27 Aug, 2011 12:00am

Irene losses already up to $1.1 billion

Hurricane Irene caused as much as $1.1 billion in insured losses in the Caribbean, catastrophe modelling company AIR World-wide said on Friday, with more expected to come as the storm heads for the US Northeast. While no one knows yet precisely where Iren
Published 27 Aug, 2011 12:00am

18 die in car bomb attack on Nigeria UN headquarters

A car bomb ripped through the United Nations' headquarters in the Nigerian capital of Abuja on Friday, killing at least 18 people, in an attack reminiscent of a June blast claimed by a local radical Islamist group. UN Secretary General Ban Ki-moon said th
Published 27 Aug, 2011 12:00am

Rahul Gandhi breaks silence on corruption protests

India's Rahul Gandhi broke his silence on the face-off between the government and a hunger-striking anti-corruption campaigner on Friday, praising the activist in a speech aimed at flexing his muscle as the emerging leader of the ruling Congress party.
Published 27 Aug, 2011 12:00am

Lanka's Sangakkara named captain: Five England players in ICC Team of the Year

England's new status as the top team in Test cricket was reflected on Friday when five of their players were named in the International Cricket Council (ICC) Test Team of the Year. Batsmen Alastair Cook and Jonathan Trott were joined by all-rounder Stuart
Published 27 Aug, 2011 12:00am

India, Pakistan football series delayed

Hopes of a revival of India-Pakistan sporting ties were dashed on Friday when a two-match football series between the two sides scheduled to be held in Britain next month was called off, an official said. "The series has been postponed due to unavoidable
Published 27 Aug, 2011 12:00am

Platini 'afraid' over financial strife

UEFA president Michel Platini on Friday called for "global reflection" on the financial problems facing football. "My message for football is alarmist: red lights are flashing, we cannot live with billions of euros of deficits without paying the consequen
Published 27 Aug, 2011 12:00am

Li, Wozniacki advance

Top ranked Caroline Wozniacki cruised into the next round and China's Li Na had to endure a rain delay before booking her spot in the semi-finals of the New Haven Open on Thursday. Wozniacki remained undefeated advancing with a 7-5, 6-3 win over American
Published 27 Aug, 2011 12:00am

Aussie, New Zealand dollars advance

The Aussie dollar gained some traction on Friday as markets trimmed the risk of deep interest rate cuts following cautiously upbeat comments from Australia's top central banker. The Aussie dollar gained half a cent to $1.0480, after Reserve Bank of Austra
Published 27 Aug, 2011 12:00am

Greece declares emergency as it battles wildfires

Greece's fire-fighters battled to contain at least six large wildfires burning out of control across the country Friday and declared a state of emergency near its north-eastern border with Turkey, requesting European partners to help by sending in water-d
Published 27 Aug, 2011 12:00am

India's top court extends mining ban in Karnataka

India's Supreme Court extended a ban on mining to two more districts of a key iron ore producing state on Friday, a state lawyer said, a move likely to hamper output from Karnataka, the country's second-biggest iron ore exporting region. Shares in three t
Published 27 Aug, 2011 12:00am

Joint US-China operation busts child porn ring

A joint US-China police operation has cracked a Chinese-language child pornography ring in New York, Chinese police said, an unusual public example of co-operation between the countries' law enforcement agencies. The US Federal Bureau of Investigation (FB
Published 27 Aug, 2011 12:00am

Rebel Abkhazia elects third leader in troubled history

Voters in rebel Abkhazia went to the polls Friday to elect a third leader in the tumultuous period since it broke from Georgia in the 1990s, a move recognised only by Moscow and a few states. The snap elections follow the death of veteran president Sergei
Published 27 Aug, 2011 12:00am

Indian rupee weakens

The rupee weakened on Friday, making it the fourth straight week of losses for the Indian unit, as traders avoided the market fray before US Federal Reserve chief Ben Bernanke airs his thoughts in a speech later in the day. The partially convertible rupee
Published 27 Aug, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / Jun 16	278.50
USD PKR Interbank Buying / Jun 16	278.30
USD to Japanese Yen / Jun 17	160.29
USD to Swiss Franc / Jun 17	0.79
Pound Sterling to USD / Jun 17	1.34
Euro to USD / Jun 17	1.16
SOFR % / Jun 16	3.65

Stock	Volume
S&P 500 / Jun 16	7,511.35
Nasdaq / Jun 16	26,376.34
Dow Jones / Jun 16	51,999.67
India Sensex / Jun 17	77,090.60
Tokyo Nikkei / Jun 17	69,964.39
Hang Seng / Jun 17	24,274.30
FTSE 100 / Jun 17	10,479
Germany DAX 30 / Jun 17	24,826.83
France CAC40 / Jun 17	8,467.18

Item	Value
Gold 10 Grams PKR / Jun 15	389,600
Karachi Cotton PKR/37.32 KG / Jun 16	20,280
Petrol/Litre / Jun 17	373.78
Crude Oil USD/Barrel / Jun 17	75.96
Gold Spot USD/Ounce / Jun 17	4,325.20
Diesel/Litre / Jun 17	378.78
Cotton US¢/pound / Jun 17	78.40

Stock	Price
Ghani Chemworld Limited (R) / Jun 17 Ghani Chemworld Limited Right(GCWLR)	3.01 ▲ 1 (49.75%)
First AL-Noor Mod. / Jun 17 First Al-Noor Modaraba(FANM)	7.70 ▲ 1 (14.93%)
First IBL Mod. / Jun 17 First IBL Modaraba(FIBLM)	12.05 ▲ 1.1 (10.05%)
First Fid. Leasing / Jun 17 First Fidelity Leasing Modaraba(FFLM)	16.90 ▲ 1.54 (10.03%)
Dewan Motors / Jun 17 Dewan Farooque Motors Limited(DFML)	21.63 ▲ 1.97 (10.02%)
Din Tex. / Jun 17 Din Textile Mills Limited(DINT)	71.47 ▲ 6.5 (10%)
Fecto Cement / Jun 17 Fecto Cement Limited(FECTC)	120.77 ▲ 10.98 (10%)
National Silk / Jun 17 The National Silk & Rayon Mills Limited(NSRM)	214.64 ▲ 19.51 (10%)
Pak Engineering / Jun 17 Pakistan Engineering Company Limited(PECO)	703.99 ▲ 64 (10%)
Pak. P.V.C. / Jun 17 Pakistan PVC Limited(PPVC)	38.06 ▲ 3.46 (10%)

Stock	Price
Tri-Star Mutual / Jun 17 Tri-Star Mutual Fund Limited(TSMF)	19.58 ▼ -2.17 (-9.98%)
Asia Ins. / Jun 17 Asia Insurance Company Limited(ASIC)	35.18 ▼ -3.9 (-9.98%)
Nets Internat.Comm. / Jun 17 Nets International Communication Limited(GEMNETS)	30.18 ▼ -3.25 (-9.72%)
AN Textile Mills / Jun 17 AN Textile Mills Limited(ANTM)	33.11 ▼ -2.51 (-7.05%)
Grays Leasing / Jun 17 Grays Leasing Limited(GRYL)	20.57 ▼ -1.56 (-7.05%)
Burshane LPG / Jun 17 Burshane LPG (Pakistan) Limited(BPL)	59.50 ▼ -4.45 (-6.96%)
AKD Hospitality / Jun 17 AKD Hospitality Limited(AKDHL)	160.29 ▼ -10.4 (-6.09%)
Crescent Steel / Jun 17 Crescent Steel & Allied Products Limited(CSAP)	110.06 ▼ -6.78 (-5.8%)
Husein Industries / Jun 17 Husein Industries Limited(HUSI)	35.85 ▼ -2.1 (-5.53%)
Oilboy Energy / Jun 17 Oilboy Energy Limited(OBOY)	19.42 ▼ -1.02 (-4.99%)

Stock	Volume
Service Long March / Jun 17 Service Long March Tyres Limited(SLM)	189,427,474 ▲ 1.75
Kohinoor Spinning / Jun 17 Kohinoor Spinning Mills Limited(KOSM)	72,276,012 ▲ 0.42
K-Electric Ltd. / Jun 17 K-Electric Limited(KEL)	53,633,860 ▲ 0.22
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TPL Corp Ltd / Jun 17 TPL Corp Limited(TPL)	23,996,485 ▲ 0.65
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Treet Corp / Jun 17 Treet Corporation Limited(TREET)	22,719,584 ▲ 0.49

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