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Print - 2009-02-22
Saddar area to be parking-free zone: Kamal

Saddar area to be parking-free zone: Kamal

Nazim Karachi Syed Mustafa Kamal has said that Saddar area will be declared parking free zone after completion of 2 parking plazas. According to a press release issued by City District Government Karachi (CDGK) on Saturday Kamal said that with the constru
Published 22 Feb, 2009 12:00am
PS faced with severe financial crisis: chairman

PS faced with severe financial crisis: chairman

Pakistan Steel is facing a severe financial crisis due to economic slowdown locally and downtrend in steel prices in the world market, said Mueen Aftab Sheikh, chairman of Pakistan Steel. Addressing a press conference at Pakistan Steel Mills (PS) plant he
Published 22 Feb, 2009 12:00am
US wheat futures slightly lower

US wheat futures slightly lower

US wheat futures closed down slightly on Friday, well off lows reached early in the trading session due to weakness in the dollar, traders said. Falling stock markets and mounting concern about decreasing demand for wheat amid the global economic crisis c
Published 22 Feb, 2009 12:00am
PML-N to send relief goods to Swat

PML-N to send relief goods to Swat

On the instructions of Punjab Chief Minister, Muhammad Shahbaz Sharif, Pakistan Muslim League-Nawaz would dispatch 50 trucks loaded with relief goods to Swat during the next two weeks. Hamza Shahbaz Sharif, Senior Member Board of Revenue and DG Relief wou
Published 22 Feb, 2009 12:00am
'Brain of Lahore' contest held

'Brain of Lahore' contest held

'Brain of Lahore' contest was held in collaboration with Trust Education Development of Deserving Students (TEDDS) and Punjab Education Foundation (PEF) on Friday. The ceremony was presided by Chairman Chief Ministers Task Force on Education Raja Muhammad
Published 22 Feb, 2009 12:00am
PS faced with severe financial crisis: chairman

PS faced with severe financial crisis: chairman

Pakistan Steel is facing a severe financial crisis due to economic slowdown locally and downtrend in steel prices in the world market, said Mueen Aftab Sheikh, chairman of Pakistan Steel. Addressing a press conference at Pakistan Steel Mills (PS) plant he
Published 22 Feb, 2009 12:00am
Indian sugar firm buys 25,000 tonnes raws to start plant

Indian sugar firm buys 25,000 tonnes raws to start plant

India's Silkroad Sugar Pvt Ltd has imported 25,000 tonnes of raws from Brazil, and will buy more after its coastal refinery begins operations in April, company and trade sources said on Friday. Silkroad Sugar, a joint venture of EID Parry (India) Ltd and
Published 22 Feb, 2009 12:00am
LCCI inks LoA with Fata LDP for youth benefit

LCCI inks LoA with Fata LDP for youth benefit

The Lahore Chamber of Commerce and Industry and the Upper Fata Livelihood Development Programme (LDP) on Saturday inked Letter of Agreement (LoA) to work as partners for the benefit of upper Fata youth.
Published 22 Feb, 2009 12:00am
Railways officials directed to improve passenger service

Railways officials directed to improve passenger service

Chairman, Pakistan Railways, Samiul Haq Khilji has directed Railways officials for improvement of tracks, signal system and locomotives and refurbishment of passenger coaches for ensuring punctuality of trains and provision of best facilities to travellin
Published 22 Feb, 2009 12:00am
PS faced with severe financial crisis: chairman

PS faced with severe financial crisis: chairman

Pakistan Steel is facing a severe financial crisis due to economic slowdown locally and downtrend in steel prices in the world market, said Mueen Aftab Sheikh, chairman of Pakistan Steel. Addressing a press conference at Pakistan Steel Mills (PS) plant he
Published 22 Feb, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 57,433 tonnes of cargo including 30,914 tonnes of import and 26,519 tonnes of export, 682 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday. The freights comprised of 35,433 tonnes of dry car
Published 22 Feb, 2009 12:00am
PPP clinches major chunk of Senate seats

PPP clinches major chunk of Senate seats

Pakistan People's Party (PPP) has got 15 unopposed elected members for the upper house in the next Senate polls. The PPP so far has succeeded in getting eight seats from Sindh, 4 from Punjab, and 3 from NWFP. The party is set to win another seat reserved
Published 22 Feb, 2009 12:00am
Nadra's e-Sahulat project phase-II in March

Nadra's e-Sahulat project phase-II in March

After successful launch of the phase-1 of National Database and Registration Authority's (Nadra) e-Sahulat project in different areas of the country the authority is planning to expand this network to Karachi in March. The Phase-I of e-Sahulat was launche
Published 22 Feb, 2009 12:00am
$11.6 million withdrawn from share market

$11.6 million withdrawn from share market

The outflow from foreign portfolio from the country's equity market amounted to $11.619 million during the week ended on February 21, 2009. The foreign investors bought shares worth $7.8 million and their sales amounted to $19.4 million during the week. A
Published 22 Feb, 2009 12:00am
US copper hits month low

US copper hits month low

Copper sank to a one-month low in New York futures trade on Friday after a huge surge in London stockpiles and a deteriorating economic outlook drove investment away from the industrial metal. Copper for March delivery fell 5.50 cents, or 3.7 percent, to
Published 22 Feb, 2009 12:00am
Death of senior PPP worker condoled

Death of senior PPP worker condoled

The Prime Minister, Syed Yousaf Raza Gilani visited the residence of MNA and the PPP General Secretary of Gujranwala Division, Samina Mushtaq Pagganwala on Saturday and condoled with her the sad demise of her father-in-law, Mian Mushtaq Pagganwala. He was
Published 22 Feb, 2009 12:00am
Condolence reference to pay homage to Pir Naseeruddin held

Condolence reference to pay homage to Pir Naseeruddin held

A condolence reference was held here Saturday to pay homage to the services of renowned spiritual leader, religious personality, poet and custodian of Golra Sharif shrine, late Pir Naseer-ud-Din Naseer, who breathed his last on February 13 last.
Published 22 Feb, 2009 12:00am
$11.6 million withdrawn from share market

$11.6 million withdrawn from share market

The outflow from foreign portfolio from the country's equity market amounted to $11.619 million during the week ended on February 21, 2009. The foreign investors bought shares worth $7.8 million and their sales amounted to $19.4 million during the week. A
Published 22 Feb, 2009 12:00am
US gold rises above $1,000

US gold rises above $1,000

US gold futures rose above $1,000 an ounce on Friday, trading at their highest level since March last year as nervous investors piled into the yellow metal to preserve wealth amid a tumbling stock market. Gold for April delivery settled up $25.70, or 2.6
Published 22 Feb, 2009 12:00am
Hunting of migratory birds banned till mid-March

Hunting of migratory birds banned till mid-March

Lahore High Court (LHC) refused permission to hunt down migratory birds, till the middle of March 2009 as banned by Wildlife Department Punjab. The application was filed by Saeed Nasim Cheema whose main petition was already pending before the court challe
Published 22 Feb, 2009 12:00am
$11.6 million withdrawn from share market

$11.6 million withdrawn from share market

The outflow from foreign portfolio from the country's equity market amounted to $11.619 million during the week ended on February 21, 2009. The foreign investors bought shares worth $7.8 million and their sales amounted to $19.4 million during the week. A
Published 22 Feb, 2009 12:00am
Asian grains: buyers eye new origins on slow Australia sales

Asian grains: buyers eye new origins on slow Australia sales

Congestion at Australian ports showed some signs of easing this week, but several ships still faced weeks of delays that may force some wheat buyers to seek alternative origins. While South Korea's corn imports slowed after weeks of strong purchases, Japa
Published 22 Feb, 2009 12:00am
Jamaat-e-Islami to actively take part in long march, sit-in: Qazi

Jamaat-e-Islami to actively take part in long march, sit-in: Qazi

Jamaat-e-Islami (JI) Amir Qazi Hussain Ahmad has declared that his party will actively participate in the lawyer' long march and sit-in. He also said that he would personally ensure his presence in the sit-in in Islamabad on March 16.
Published 22 Feb, 2009 12:00am
Pak-India dialogue likely to resume soon: Kaira

Pak-India dialogue likely to resume soon: Kaira

Federal Minister for Kashmir Affairs and Northern Areas, Qamar-uz-Zaman Kaira, has expressed the hope that Indo-Pak dialogue process, which was adversely affected after Mumbai attacks, will resume soon and all outstanding issues including Kashmir issue wi
Published 22 Feb, 2009 12:00am
January-June allocation: government may slash PSDP to Rs 70 billion

January-June allocation: government may slash PSDP to Rs 70 billion

The government may further slash funds under Public Sector Development Programme (PSDP) allocation for projects during the second half (January-June) of the current financial year to the tune of Rs 70 billion. Sources revealed to Business Recorder
Published 22 Feb, 2009 12:00am
New York coffee falls

New York coffee falls

Arabica coffee closed at the lowest level in nearly seven weeks on Friday, on continued long liquidation and in sympathy with the lower commodity complex and as US stock markets tumbled amid concern the recession was worsening, traders said.
Published 22 Feb, 2009 12:00am
Commissioner Multan signs MoU with TIP

Commissioner Multan signs MoU with TIP

Commissioner Multan has taken the assistance of Transparency International Pakistan (TIP) for transparent tendering. At a simple ceremony on Saturday Commissioner Multan Syed Muhammad Ali Gardezi, signed an MOU with Syed Adil Gilani of TIP. In his speech,
Published 22 Feb, 2009 12:00am
WWF-P organises 'Wetlands Nature Carnival' today

WWF-P organises 'Wetlands Nature Carnival' today

The world-wide fund for Nature-Pakistan (WWF-P) is organising its annual 'Wetlands Nature Carnival' here on Sunday (today) at Alt Institute of Education. According to a WWF's spokesman here on Saturday, the basic idea behind the event is to address the en
Published 22 Feb, 2009 12:00am
January-June allocation: government may slash PSDP to Rs 70 billion

January-June allocation: government may slash PSDP to Rs 70 billion

The government may further slash funds under Public Sector Development Programme (PSDP) allocation for projects during the second half (January-June) of the current financial year to the tune of Rs 70 billion. Sources revealed to Business Recorder
Published 22 Feb, 2009 12:00am
US rice futures slip

US rice futures slip

US rough rice futures on the Chicago Board of Trade on Friday slipped below $11 for the first time in over week, pressured by the bearish trend in equities and other grains due to the gloomy economic outlook. Those concerns underscored by the Dow industri
Published 22 Feb, 2009 12:00am
Police put on high alert in Lahore

Police put on high alert in Lahore

Police have been put on high alert after the tragic incidents of suicide blast at Dera Ismail Khan and patrolling has been intensified in the city besides deployment of additional force around important government buildings, foreign offices, trade centres
Published 22 Feb, 2009 12:00am
Rice exports register a decline

Rice exports register a decline

The export of Rice have registered a decrease of 2.84 percent during the first seven months of current fiscal year (July 2008-January 09) over the same period of last year, quantum wise, while earning of rice export in Pak currency has registered 139.66 p
Published 22 Feb, 2009 12:00am
January-June allocation: government may slash PSDP to Rs 70 billion

January-June allocation: government may slash PSDP to Rs 70 billion

The government may further slash funds under Public Sector Development Programme (PSDP) allocation for projects during the second half (January-June) of the current financial year to the tune of Rs 70 billion. Sources revealed to Business Recorder
Published 22 Feb, 2009 12:00am
China to add 10,000 tonnes of rubber to reserves purchase

China to add 10,000 tonnes of rubber to reserves purchase

China's State Reserves Bureau plans to buy an additional 10,000 tonnes of locally produced natural rubber, bringing its planned April purchase to 65,000 tonnes, a source familiar with the situation said on Friday. The state reserves made the change to its
Published 22 Feb, 2009 12:00am
Huge quantity of smuggled goods seized

Huge quantity of smuggled goods seized

A huge quantity of smuggled goods of foreign origin has been seized by the Directorate General, Intelligence and Investigation (DGI&I) of Federal Board of Revenue (FBR), Karachi. According to credible information received by Khalid Naseem, Director Genera
Published 22 Feb, 2009 12:00am
Assad tells Kerry US should stop 'dictating' policy

Assad tells Kerry US should stop 'dictating' policy

Syrian President Bashar al-Assad told visiting US members of Congress on Saturday that the United States should "move away from a policy based on dictating decisions." Assad's guests on Saturday included US Senator John Kerry, who headed the third delegat
Published 22 Feb, 2009 12:00am
US corn futures lower

US corn futures lower

US corn futures on the Chicago Board of Trade closed lower on Friday with escalating concern about the global economic crisis, plunging stock markets and lower crude oil weighing on the market. CBOT March corn closed 3 cents per bushel lower at $3.50-1/4
Published 22 Feb, 2009 12:00am
'Presence of US forces in Afghanistan main reason for instability'

'Presence of US forces in Afghanistan main reason for instability'

Federal Minister for Tourism Maulana Attaur Rehman on Saturday said that presence of US forces in Afghanistan is the main reason for instability in the region. Talking to reporters after enquiring about the health of Dera Ismail Khan blast victims at PIMS
Published 22 Feb, 2009 12:00am
World's biggest demobilisation programme begins in Sudan

World's biggest demobilisation programme begins in Sudan

"The war is over, it's time for peace," says a white-bearded Othman, one of the first Sudanese ex-fighters to take part in the world's largest disarmament and demobilisation programme. "I will now become a farmer because there will be no more war," said t
Published 22 Feb, 2009 12:00am
British pilot dies in light aircraft crash

British pilot dies in light aircraft crash

A 50-year-old man has died after his single-seater aircraft crashed beside a runway at Fenland Airfield near Spalding in Lincolnshire, police said on Saturday. Lincolnshire Police said the crash was not believed to be suspicious and no other people or air
Published 22 Feb, 2009 12:00am
New York cotton down

New York cotton down

US cotton lost almost 2 percent to close down a second straight session on Friday as a weak stock market and economy mattered more to investors in the industrial commodity than a jump in weekly exports. The new benchmark contract for US cotton, May, settl
Published 22 Feb, 2009 12:00am
PTI kicks off campaign to muster public support for 'Long March'

PTI kicks off campaign to muster public support for 'Long March'

With the motorcycle rally on Saturday, Pakistan Tehreek-e-Insaf (PTI) kicked-off it campaign to mobilise people and muster public support for the lawyers long march, besides inculcating awareness among the masses about the objectives of the movement.
Published 22 Feb, 2009 12:00am
Fidel Castro's voice still strong, even out of power

Fidel Castro's voice still strong, even out of power

A year after Fidel Castro announced his retirement, doubts persist as to how far removed the iconic Cuban leader really is from the decision-making progress in the communist island. Many Cubans continue to refer to him as "commandant," including his succe
Published 22 Feb, 2009 12:00am
Arab League to probe Gaza war crimes allegations

Arab League to probe Gaza war crimes allegations

An Arab League official says a league mission is headed to the Gaza Strip to investigate allegations that Israel committed war crimes during its offensive. League spokesman Hisham Youssef says the mission will prepare a detailed report for league head Amr
Published 22 Feb, 2009 12:00am
US soyabean futures slide to two-month low

US soyabean futures slide to two-month low

US soyabean futures on the Chicago Board of Trade slid to a two-month low on Friday, following the weakness in the equities given deepening worries about the fate of economy, traders said. The Dow industrials fell to a 6-1/2 year low on fears the governme
Published 22 Feb, 2009 12:00am
Gilani calls on Shujaat to condole his mother's death

Gilani calls on Shujaat to condole his mother's death

Prime Minister Syed Yusuf Raza Gilani on Saturday visited the residence of Chaudhry Shujaat Hussain, President Pakistan Muslim League to condole the sad demise of his mother. The prime minister expressed his deep sorrow and grief with Chaudhry Shujaat, Ch
Published 22 Feb, 2009 12:00am
China wants bronzes removed from YSL art auction

China wants bronzes removed from YSL art auction

The art world is waiting with bated breath for next week's sale of works owned by French fashion icon Yves Saint Laurent and his partner, but China is fuming about the inclusion of two imperial bronzes. The 18th century Qing dynasty bronzes -- heads of a
Published 22 Feb, 2009 12:00am
Dubai stages censorship debate after literary row

Dubai stages censorship debate after literary row

The organisers of the first-ever international Dubai literary festival announced on Saturday they will host a debate on censorship, after a row last week over censorship and freedom of speech. The Emirates Airline International Festival of Literature (EAI
Published 22 Feb, 2009 12:00am
US cocoa tumbles

US cocoa tumbles

US cocoa futures crumbled more than 5 percent to finish at a five-week low on Friday, on pressure from outside markets and demand concern on continued global economic woes, traders said. Benchmark May sank $140 or 5.5 percent to settle at $2,430 per tonne
Published 22 Feb, 2009 12:00am
'Parliament and Senate committees are supreme'

'Parliament and Senate committees are supreme'

The members of Senate standing committee on rules of procedure and privileges observed that Parliament and its committees are supreme and all organisations and departments are answerable to it. The standing committee in its meeting here on Saturday at Par
Published 22 Feb, 2009 12:00am
'Depressed conditions'

'Depressed conditions'

Pakistan is going through its toughest times, when its economic conditions are worsening on daily basis. This depressed condition has affected every part of society. This situation has increased the number of unemployed candidates which has definitely aff
Published 22 Feb, 2009 12:00am
Gold prices surge close to 1,000 dollars per ounce

Gold prices surge close to 1,000 dollars per ounce

Gold prices sparkled this week, surging close to 1,000 dollars per ounce for the first time in about a year as investors sought a safe haven from turmoil on world stock markets, analysts said. The price of crude oil zigzagged as traders tracked the worsen
Published 22 Feb, 2009 12:00am
Government ensuring well being of labour class, says Gilani

Government ensuring well being of labour class, says Gilani

Prime Minister Syed Yousuf Raza Gilani on Saturday said that the government, as part of its manifesto, is working for strengthening of the industrial sector and ensuring the wellbeing of labour class in the country. He was talking to a delegation of Sialk
Published 22 Feb, 2009 12:00am
Inflation

Inflation

Needless to mention here that uncontrollable inflation has not only ruined the lives of the poor, but has also created great unrest among the people. The general public is greatly perturbed due to growing poverty, high cost of living, rising crimes and un
Published 22 Feb, 2009 12:00am
Areas of cooperation identified

Areas of cooperation identified

President Asif Ali Zardari has identified possible areas of co-operation between Pakistan and China in hybrid seed, modern agriculture technology, water management, high efficiency irrigation and water pumping through solar technology. According to a stat
Published 22 Feb, 2009 12:00am
Wal-Mart settles racism lawsuit

Wal-Mart settles racism lawsuit

Wal-Mart Stores have paid 17.5 million dollars to settle a class action lawsuit over alleged racial discrimination in the giant retailer's hiring of truck drivers, the company said. The suit was filed by Daryal Nelson and Tommy Armstrong who alleged that
Published 22 Feb, 2009 12:00am
Court cases: suggestions

Court cases: suggestions

Speedy justice at people's doorsteps! So says our Prime Minister, Syed Yousuf Raza Gilani. The same story has been told by our leaders in the past but nothing materialised so far. People are seen slogging in and out of courts with cases being adjourned on
Published 22 Feb, 2009 12:00am
Areas of cooperation identified

Areas of cooperation identified

President Asif Ali Zardari has identified possible areas of co-operation between Pakistan and China in hybrid seed, modern agriculture technology, water management, high efficiency irrigation and water pumping through solar technology. According to a stat
Published 22 Feb, 2009 12:00am
Polish government to help jobless pay mortgages

Polish government to help jobless pay mortgages

Poland's government will help unemployed Poles pay their mortgages for up to a year after losing their job, head of the ruling party's parliamentary caucus, Zbigniew Chlebowski, said on Saturday. The measure, aimed at alleviating households of those hit b
Published 22 Feb, 2009 12:00am
'Land Bank being launched to set up residential colonies'

'Land Bank being launched to set up residential colonies'

Federal Minister for Housing and Works Rehmatullah Kakar said that a 'Land Bank' was being established to acquire the required land for smooth launching of residential colonies in various parts of the country. "This land bank will ensure provision of requ
Published 22 Feb, 2009 12:00am
Stanford had been on SEC's radar for some time

Stanford had been on SEC's radar for some time

The fraud case against Texas billionaire Allen Stanford may raise new questions about the aggressiveness of US securities regulators, who according to an earlier lawsuit had begun examining the financier's sales practices in 2007 or earlier. A complaint f
Published 22 Feb, 2009 12:00am
Areas of cooperation identified

Areas of cooperation identified

President Asif Ali Zardari has identified possible areas of co-operation between Pakistan and China in hybrid seed, modern agriculture technology, water management, high efficiency irrigation and water pumping through solar technology. According to a stat
Published 22 Feb, 2009 12:00am
Soros sees no bottom for world financial 'collapse'

Soros sees no bottom for world financial 'collapse'

Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis. Soros said the turbulence is actually more severe than during the Great D
Published 22 Feb, 2009 12:00am
ICT to plant 150,000 saplings in rural areas

ICT to plant 150,000 saplings in rural areas

Islamabad Capital Territory (ICT) administration will plant 150,000 saplings of various species in the rural areas of the city during the current spring tree plantation drive. It was told to Chief Comm-issioner Islamabad Kamran Lashari here on Saturday at
Published 22 Feb, 2009 12:00am
Whiff of change for stinking Dubai beaches

Whiff of change for stinking Dubai beaches

Beaches in Dubai had long been a magnet for travellers seeking sea, sun and sand, but beachgoers in the Gulf emirate recently got more than they bargained for -- stinking sewage. Now an environmental lobby group wants to clean up the image not only of Dub
Published 22 Feb, 2009 12:00am
US will continue to help Pakistan: Clinton

US will continue to help Pakistan: Clinton

US Secretary of State Hillary Clinton has said that US will continue to help Pakistan in these hours of lurch. She said this while talking to President Asif Ali Zardari on phone, a private TV channel reported on Saturday. According to the channel, both th
Published 22 Feb, 2009 12:00am
ING reviewing US businesses, options

ING reviewing US businesses, options

ING Group is gauging the implications of the US bank rescue aid plan announced earlier this month for its activities there, the Dutch banking and insurance group's next Chief Executive said in a newspaper interview on Saturday. Shares in ING, which has al
Published 22 Feb, 2009 12:00am
TDAP to upgrade Sukkur office

TDAP to upgrade Sukkur office

Trade Development Authority of Pakistan (TDAP) has decided to upgrade its small office in Sukkur to a regional level for boosting exports of local items including dates, fruits, food items, embroidery, etc. According to TDAP official here on Saturday, the
Published 22 Feb, 2009 12:00am
Shadows over large scale manufacturing sector

Shadows over large scale manufacturing sector

In a latest move, the ECC of the Cabinet has exempted, on January 13, imposition of the Regulatory Duty on import of capital goods required for various projects. The decision is termed as another blow to the crippling Large Scale Manufacturing (LSM) Secto
Published 22 Feb, 2009 12:00am
US will continue to help Pakistan: Clinton

US will continue to help Pakistan: Clinton

US Secretary of State Hillary Clinton has said that US will continue to help Pakistan in these hours of lurch. She said this while talking to President Asif Ali Zardari on phone, a private TV channel reported on Saturday. According to the channel, both th
Published 22 Feb, 2009 12:00am
US cannot go back to old ways: Nobel laureates

US cannot go back to old ways: Nobel laureates

The United States cannot battle its economic crisis by simply trying to go back to its old ways of spending too much and saving too little, two Nobel prize-winning economists said on Friday. Jeffrey Sachs, director of the Earth Institute at Columbia Unive
Published 22 Feb, 2009 12:00am
The Weather

The Weather

The weather report on Saturday (February 21, 2009) and the forecast for Sunday (February 22, 2009).

Published 22 Feb, 2009 12:00am
Onward with Gothabad Scheme

Onward with Gothabad Scheme

That Sindh government has declared over 4,000 out of 5,600 Dehs as rural areas, including 53 in Karachi, has been revealed in a Recorder news report, quoting officials, as appeared last Tuesday. It has also pointed out that before promulgation of Sindh Lo
Published 22 Feb, 2009 12:00am
Committee agrees to phase out CFS Mk-II product from bourses

Committee agrees to phase out CFS Mk-II product from bourses

The committee on CFS agreed to phase out the CFS Mk-II product from the local bourses, it is reliably learnt. The high-level committee constituted by Securities and Exchange Commission of Pakistan (SECP) met here on Saturday and reviewed the CFS Mk-II in
Published 22 Feb, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 21, 2009).

Published 22 Feb, 2009 12:00am
Obama tells Treasury to begin cutting taxes

Obama tells Treasury to begin cutting taxes

US President Barack Obama ordered the US Treasury on Saturday to implement tax cuts for 95 percent of Americans, fulfilling a campaign pledge he hopes will help jolt the economy out of recession. The tax cuts are part of a $787 billion economic recovery p
Published 22 Feb, 2009 12:00am
Local government system not being abolished: Rana

Local government system not being abolished: Rana

Speaker Punjab Assembly Rana Muhammad Iqbal Khan has said that local government system is not being abolished rather some changes are being brought in, to purge it of corruption. Addressing the convention at Forest House, Changa Manga on Saturday, he said
Published 22 Feb, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 21, 2009).

Published 22 Feb, 2009 12:00am
Why tinker with free medical facility?

Why tinker with free medical facility?

Shocking though it may sound to many, a Recorder news report appearing last Wednesday, has pointed to Sindh government's decision to withdraw the free medical facility available to patients at government hospitals. What's more, hint has also been dropped
Published 22 Feb, 2009 12:00am
Committee agrees to phase out CFS Mk-II product from bourses

Committee agrees to phase out CFS Mk-II product from bourses

The committee on CFS agreed to phase out the CFS Mk-II product from the local bourses, it is reliably learnt. The high-level committee constituted by Securities and Exchange Commission of Pakistan (SECP) met here on Saturday and reviewed the CFS Mk-II in
Published 22 Feb, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 21, 2009).

Published 22 Feb, 2009 12:00am
Long awaited California budget signed into law

Long awaited California budget signed into law

California Governor Arnold Schwarzenegger signed a package of bills on Friday to close a $42 billion state budget gap, clearing the way for his campaign to rally voters to endorse ballot measures needed to further bolster the state's finances. Schwarzeneg
Published 22 Feb, 2009 12:00am
Rift between Taseer, Jehangir Badar widens

Rift between Taseer, Jehangir Badar widens

Rift between Punjab Governor Salmaan Taseer and the General Secretary of Pakistan Peoples Party (PPP) Jehangir Badar has heightened in the backdrop of Senate polls, party sources said here on Saturday. Reliable sources told Business Recorder that B
Published 22 Feb, 2009 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (February 21, 2009) and for Sunday (February 22, 2009).
Published 22 Feb, 2009 12:00am
The wheat plan that went awry

The wheat plan that went awry

Worrisome, indeed, it is to learn from a Recorder news report, in the midst of persisting quandary on the wheat front, irrespective of the schedule of arrival of about 0.8 million tons of wheat from Ukraine in mid-February as intimated to Ministry of Food
Published 22 Feb, 2009 12:00am
Committee agrees to phase out CFS Mk-II product from bourses

Committee agrees to phase out CFS Mk-II product from bourses

The committee on CFS agreed to phase out the CFS Mk-II product from the local bourses, it is reliably learnt. The high-level committee constituted by Securities and Exchange Commission of Pakistan (SECP) met here on Saturday and reviewed the CFS Mk-II in
Published 22 Feb, 2009 12:00am
87 Danish schools being set up across Punjab: chief secretary

87 Danish schools being set up across Punjab: chief secretary

Chief Secretary, Punjab, Javed Mehmud said that on the directions of Chief Minister, Punjab, Muhammad Shahbaz Sharif, as many as 87 Danish schools for boys and girls were being established by the provincial government in the selected remote areas under Da
Published 22 Feb, 2009 12:00am
Aziz Azmi's death condoled

Aziz Azmi's death condoled

President Asif Ali Zardari has condoled the death of Syed Aziz Azmi, Assignment Editor of Saama TV, who passes away in Karachi due cardiac arrest. The President in a condolence message expressed his grief and sorrow over the sad demise of Syed Aziz Azmi a
Published 22 Feb, 2009 12:00am
Obama broadens US targets in Pakistan: report

Obama broadens US targets in Pakistan: report

US President Barack Obama's administration has broadened the number of radical groups targeted by the CIA inside Pakistan by attacking a militant network, seeking to overthrow the Pakistan government, The New York Times reported on Saturday.
Published 22 Feb, 2009 12:00am
US set to refurbish planes for Taiwan

US set to refurbish planes for Taiwan

The US Navy said Friday it had reached a tentative deal to refurbish 12 maritime patrol aircraft for a long-awaited transfer to Taiwan as Secretary of State Hillary Clinton arrived in China. Taiwan signed the formal paperwork in December 2007 for the surp
Published 22 Feb, 2009 12:00am
Sindh government launches BBSYDP for youth

Sindh government launches BBSYDP for youth

The government of Sindh has launched a new initiative titled Benazir Bhutto Shaheed Youth Development Program (BBSYDP) for addressing the issues of poverty and unemployment among the youth of Pakistan through Human Resource Development in the province.
Published 22 Feb, 2009 12:00am
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