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Print - 2009-03-24
Civil awards conferred on 44 personalities

Civil awards conferred on 44 personalities

Punjab Governor, Salmaan Taseer on Monday conferred civil awards on 44 personalities belonging to different professions and walk of life on behalf of President on the occasion of Pakistan Day. Sitara-e-Imtiaz had been awarded to seven, while Pride of Perf
Published 24 Mar, 2009 12:00am
Copper up, US plan boosts demand outlook

Copper up, US plan boosts demand outlook

Copper touched a 4-1/2 month high before easing back on Monday, as a US plan to cleanse the banking sector of toxic assets boosted the outlook for the economy and demand, and after data showed robust Chinese import demand. Copper for three-month delivery
Published 24 Mar, 2009 12:00am
Oil hits three-month high

Oil hits three-month high

Oil prices hit their highest level in nearly three months on Monday as a US plan to purge banks of toxic assets triggered a rally on Wall Street and brightened the outlook for flagging energy demand. US crude rose $1.73 to settle at $53.80 a barrel, havin
Published 24 Mar, 2009 12:00am
Coffee, cocoa extend gains in London

Coffee, cocoa extend gains in London

Coffee and cocoa futures rose on Monday, extending last weeks advance, as US plans to ease its economic crisis sparked a rally in equity markets and prompted renewed concerns about inflation. Sugar futures eased as profit-taking emerged after last weeks g
Published 24 Mar, 2009 12:00am
US MIDDAY: sugar surges

US MIDDAY: sugar surges

Raw sugar futures on ICE Futures US at 1203 GMT. May raw sugar contract rose 0.12 cent to 13.66 cents per lb. Dealing from 13.43 to 13.67 cents. Volume at 3,505 lots.
Published 24 Mar, 2009 12:00am
US MIDDAY: cocoa up, coffee seesaws

US MIDDAY: cocoa up, coffee seesaws

US cocoa hit a five-week high in early trade Monday on chart-based support and firm fundamentals, while arabica coffee futures seesawed as the market looked for direction, traders said. Arabica coffee for May delivery up 0.25 cent at $1.1645 per lb by 9:2
Published 24 Mar, 2009 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold held steady on Monday caught between worries about the generally weaker dollar and inflationary pressures and optimism revived by a US plan to cleanse banks of toxic assets. In a bid to pull the worlds biggest economy out of a deep recession, the US
Published 24 Mar, 2009 12:00am
US MIDDAY: gold futures drop

US MIDDAY: gold futures drop

US gold futures dropped on Monday as fear subsided along with a stock rally sparked by a US government plan to relieve banks of bad assets, but currency weakness and inflation worries should provide underlying support. Gold for April delivery fell $5.60 t
Published 24 Mar, 2009 12:00am
US MIDDAY: copper rallies

US MIDDAY: copper rallies

US copper futures jumped to multi-month highs Monday morning as investors cheered a government plan to mop up toxic bank assets, while import data showed Chinas appetite for the metal remained healthy in the first two months of the year.
Published 24 Mar, 2009 12:00am
US MIDDAY: corn, soya and wheat hold firm

US MIDDAY: corn, soya and wheat hold firm

Chicago Board of Trade grains and soya complex at 12:20 pm CDT (1720 GMT) on Monday. May wheat up 7-3/4 cents at $5.58 a bushel. US southern Plains expected to see timely, beneficial rains late this week, including dry areas of the hard red winter wheat b
Published 24 Mar, 2009 12:00am
PPP believes in politics of reconciliation, says Kaira

PPP believes in politics of reconciliation, says Kaira

Minister for Information and Broadcasting Qamar Zaman Kaira has said that Pakistan Peoples Party believes in politics of reconciliation for better and brighter future of the country. Talking to PTV, he said, President and Prime Minister have extended invi
Published 24 Mar, 2009 12:00am
Staff training for population census from March 30

Staff training for population census from March 30

Staff training for the next population census in the district of Faisalabad has been scheduled from March 30-to April 23. This was informed during a meeting held under the chairmanship of DCO Saeed Wahlah in his committee room.
Published 24 Mar, 2009 12:00am
14 NWFP personalities honoured

14 NWFP personalities honoured

In all 14 national awards, including one Sitara-e-Imtiaz; six Presidential Awards of Pride of Performance and seven Tamgha-e-Imtiaz were given to illustrious persons of the province for their extra ordinary achievements in their respective professions in
Published 24 Mar, 2009 12:00am
Tamgha-e-Shujaat conferred on ASF Inspector Zulfiqar

Tamgha-e-Shujaat conferred on ASF Inspector Zulfiqar

On February 6, 2007 at the car parking of Benazir Bhutto International Airport Islamabad, Inspector Zulfiqar Ali Sumbal of Airports Security Force identified a terrorist and challenged him. The terrorist armed with pistol and hand grenades, fired at the i
Published 24 Mar, 2009 12:00am
President confers civil, military awards on 102 individuals

President confers civil, military awards on 102 individuals

President Asif Ali Zardari on Monday conferred civil and military awards on 102 outstanding individuals at an investiture ceremony here at the Aiwan-e-Sadr. The ceremony marking the Pakistan Day celebrations was attended by Prime Minister Syed Yousuf Raza
Published 24 Mar, 2009 12:00am
Pakistan Day observed with enthusiasm in Hyderabad

Pakistan Day observed with enthusiasm in Hyderabad

Like other parts of the country the people of Hyderabad here on Monday observed Pakistan Day celebrations with a renewed pledge to make the country a strong, progressive and prosperous Islamic welfare state. The day dawn with special prayers for progress,
Published 24 Mar, 2009 12:00am
President calls for US-Britain help to fight terror

President calls for US-Britain help to fight terror

President Asif Ali Zardari called on the United States and Britain to help his government fight terrorism and extremism in his country in an interview broadcast Monday. He also told Sky News television that he would not allow Islamic militants to take con
Published 24 Mar, 2009 12:00am
Outbreak of gastro-enteritis in Multan

Outbreak of gastro-enteritis in Multan

Multan city hospitals are flooded with people suffering from gastro-enteritis and diarrhoea due to hot and humid weather after heavy rains together with pollution has created an epidemic like situation demands immediate measures to control the seasonal ou
Published 24 Mar, 2009 12:00am
President calls for US-Britain help to fight terror

President calls for US-Britain help to fight terror

President Asif Ali Zardari called on the United States and Britain to help his government fight terrorism and extremism in his country in an interview broadcast Monday. He also told Sky News television that he would not allow Islamic militants to take con
Published 24 Mar, 2009 12:00am
Nepal likely to host next Saarc summit

Nepal likely to host next Saarc summit

The stage is being set to hold the next summit meeting of the eight-nation South Asian Association for Regional Co-operation (Saarc), of which Pakistan is a leading member, in Kathmandu. This was stated by visiting Saarc Director General Dr Sheel Kant Sha
Published 24 Mar, 2009 12:00am
Peace is the message of Islam

Peace is the message of Islam

The main reason for the rapid and peaceful growth of Islam was the simplicity of its doctrine. It repeatedly instructs man to use his powers of intelligence and observation. Taliban are involved in suicide bombing and killing of innocent people, knowing t
Published 24 Mar, 2009 12:00am
Obamas change; not a one-man show

Obamas change; not a one-man show

With a slogan of change US President Barack Obama talked of remaking America and "seeks a new way forward for Muslim world based on mutual interest and mutual respect". The hatred for Bush policies over the last eight years has widely damaged the freedom
Published 24 Mar, 2009 12:00am
Turkeys opposition chief faces another poll loss

Turkeys opposition chief faces another poll loss

Party loyalists wave flags and cheer but an air of hopelessness prevails as veteran Turkish opposition leader Deniz Baykal, loser of four national elections, addresses his faithful. Turkeys ruling AK Party expects to retain its 26-point lead in local elec
Published 24 Mar, 2009 12:00am
National passion seeps into crisis fashion

National passion seeps into crisis fashion

You could call it fashionalism. At a Vivienne Westwood show, buyer Amanda Ware lists new trends she has spotted in London: quirky hats, trendy scarves -- and British-made designer accessories featuring the Union Jack. Several fashion buyers visiting this
Published 24 Mar, 2009 12:00am
Survival of microfinance banks in Pakistan

Survival of microfinance banks in Pakistan

Microfinance banks (MFBs) were set-up during the regime of the last government, with a view to help promote self-employment as a way to reduce/alleviate poverty from the country. The main objective of MFBs was to facilitate small entrepreneurs to obtain m
Published 24 Mar, 2009 12:00am
Promoting non-formal education

Promoting non-formal education

The Directorate of Literacy and Non-Formal Education in Sindh is reported to be actively considering restoration of its non-formal education programme that was closed down about two years ago and its projects transferred to the National Education Foundati
Published 24 Mar, 2009 12:00am
Rising power tariff

Rising power tariff

The National Electric Power Regulatory Authority (Nepra), says a Recorder Report, has given distribution companies (Discos) the go-ahead to increase electricity tariff by 33 paisa to Rs 1.96 per unit. The new rates are to apply to all sectors excep
Published 24 Mar, 2009 12:00am
The Raiwind Farm Rendezvous

The Raiwind Farm Rendezvous

The restoration of deposed judges was the long marchers principal dividend but no less significant is its vicarious payoff - it tipped the balance of political power in favour of Nawaz Sharif-led PML (N). Prime Minister Gilanis visit to the Raiwind Farm o
Published 24 Mar, 2009 12:00am
Water scarcity makes life miserable in Cholistan

Water scarcity makes life miserable in Cholistan

The status of economic infrastructure is very much poor due to lack of proper roads, electricity, health and education facilities, and drinking water and sanitation conditions exist in a cluster sample of Cholistan. Chief Executive Officer (CEO), The Gohe
Published 24 Mar, 2009 12:00am
High blood pressure, diabetes cause kidney failure

High blood pressure, diabetes cause kidney failure

The high blood pressure and sugar patients are the soft target to become victim of kidney diseases as well as cardio-vascular diseases and risk their lives. Currently, almost 10 per cent world population was suffering one or the other kidney diseases.
Published 24 Mar, 2009 12:00am
Zardaris approval rating declines against Nawaz: report

Zardaris approval rating declines against Nawaz: report

Pakistan Peoples Party (PPP), countrys largest political entity founded in 1967 by former Prime Minister Zulfiqar Ali Bhutto, currently faces a double crisis, said Center for Research and Security Studies (CRSS) in a report on Monday.
Published 24 Mar, 2009 12:00am
Sharifs engage top lawyers to defend them in Supreme Court

Sharifs engage top lawyers to defend them in Supreme Court

Pakistan Muslim League (N) Quaid Mohammad Nawaz Sharif and his younger brother deposed Chief Minister Punjab Mohammad Shahbaz Sharif have decided to defend themselves in the Supreme Court against their disqualification for election to a public office.
Published 24 Mar, 2009 12:00am
Gilani to inaugurate Islamabad-Murree Expressway

Gilani to inaugurate Islamabad-Murree Expressway

Prime Minister Yousuf Raza Gilani will formally inaugurate Islamabad-Murree Expressway within 20 days, the traffic on which is to be regulated by the Motorway police, sources in the ministry of Communication told Business Recorder here Monday.
Published 24 Mar, 2009 12:00am
Consumers face another day of outages

Consumers face another day of outages

Load shedding of electricity did not spare the people as outages continued in nearly all big and small cities of the country even on Monday, being holiday for the historic Pakistan Day. Business Recorder learnt that people were facing difficulties
Published 24 Mar, 2009 12:00am
Feuding political rivals of Peshawar end enmity

Feuding political rivals of Peshawar end enmity

Two influential political families of Peshawar city Monday agreed on exhibiting restrain and non-aggression against each other in future. The rapprochement two political families of Bashir Ahmad Bilour, senior minister in NWFP cabinet and senior ANP leade
Published 24 Mar, 2009 12:00am
Load shedding paralysis life in Peshawar

Load shedding paralysis life in Peshawar

Unscheduled power load shedding by Peshawar Electricity Supply Company (Pesco) has badly affected industrial and domestic activities in the provincial metropolis. The 3000 MW fall in power production in the country and damaging of the power pylon had mult
Published 24 Mar, 2009 12:00am
Naek arrives in Larkana today

Naek arrives in Larkana today

The Chairman Senate Farooq H. Naek is arriving here on a short visit of Larkana district on Tuesday, officially stated here on Monday. According to programme, The Chairman Senate will reach Larkana from Karachi where he will be warmly welcomed at Mohen-jo
Published 24 Mar, 2009 12:00am
Rich tributes paid to Pashto literary stalwarts

Rich tributes paid to Pashto literary stalwarts

Speakers here in a seminar paid glowing tributes to literary giants of Pashto literature Amir Hamza Khan Shinwari, Qalandar Moomand, Dost Mohammad Khan Kamil, Ghani, Ayub Sabir, Saifur Rehman Saleem and Sahibzada Faizur Rehman Faizi and said that these me
Published 24 Mar, 2009 12:00am
Schools in Fata to be equipped with a library soon

Schools in Fata to be equipped with a library soon

Director Education Fata, Fazal Manan has said that all schools in the tribal belt would be equipped with a library shortly. Addressing principals of 15 schools from Fata equipped with classroom based libraries; he said that the directorate was working to
Published 24 Mar, 2009 12:00am
Bribe rampant for new vehicle number plates

Bribe rampant for new vehicle number plates

Despite tall claims by the Minister of Excise and Taxation (E&T) for taking stern action against malpractioners, officials in the department are using illegal means, forcing newly registered vehicle owners to pay sufficient amount as bribe.
Published 24 Mar, 2009 12:00am
Unknown company charging entry fee from beach goers

Unknown company charging entry fee from beach goers

While the crisis-hit Karachiites have only a major source of entertainment, the sea site, where they can enjoy for a moment, they are now being charged around Rs 20 per head of self-imposed entry fee by some unknown people.
Published 24 Mar, 2009 12:00am
Workers renew pledge to continue struggle for progress

Workers renew pledge to continue struggle for progress

The working class will continue to work hard to achieve the true objectives of the establishment of Pakistan in accordance with the determinations of Quaid-e-Azam Muhammad Ali Jinnah and Allama Iqbal. This was stated by Chaudhry Talib Nawaz, president Pak
Published 24 Mar, 2009 12:00am
Ibad presents civil awards

Ibad presents civil awards

As many as twenty four personalities were presented civil awards of Sitara-e-Imtiaz, Presidents Award of Pride of Performance and Tamgha-e-Imtiaz on the occasion of Pakistan Day for their outstanding services in their respective fields of work.
Published 24 Mar, 2009 12:00am
Shell Pakistan wins KSEs Top Companies Award

Shell Pakistan wins KSEs Top Companies Award

Shell Pakistan Limited, a company of the Royal Dutch Shell plc group, was recently awarded the prestigious Top Companies Award for 2006 by the Karachi Stock Exchange. The awards were conferred after a lapse of 2 years and are KSEs means of recognising the
Published 24 Mar, 2009 12:00am
Kaira condemns murder of newsman

Kaira condemns murder of newsman

Minister for Information and Broadcasting, Qamar Zaman Kaira on Monday condemned the murder of Lahore based Dawn TV reporter, Tariq Malik, who was shot dead by robbers. In a message issued here, he condoled with bereaved family of late Tariq Javed
Published 24 Mar, 2009 12:00am
Sindh unlikely to include new scheme in 2009-10 ADP

Sindh unlikely to include new scheme in 2009-10 ADP

The Sindh government is unlikely to include any new development scheme in the Annual Development Programme (ADP) for 2009-10, Business Recorder has learnt. According to official sources, the status of all unapproved development schemes of ADP 2008-
Published 24 Mar, 2009 12:00am
Gems Bazaar being held in Peshawar

Gems Bazaar being held in Peshawar

The Pakistan Gems and Jewellery Development Company (PGJDC) has organised 5th Gems Bazaar in Peshawar at Gems Exchange at Khayal Arcade, Namak Mandi, Peshawar. This Gem Bazaar" shows PGJDCs commitment for consistent efforts to promote Pakistans gemstones
Published 24 Mar, 2009 12:00am
Ibad, Qaim pay homage to Quaid-e-Azam

Ibad, Qaim pay homage to Quaid-e-Azam

Sindh Governor Dr Ishratul Ibad Khan and Chief Minister Syed Qaim Ali Shah and his cabinet members visited the Mazar of Quaid-e-Azam Mohammed Ali Jinnah on the occasion of Pakistan Day and laid floral wreath and offered Fateha.
Published 24 Mar, 2009 12:00am
Government to patronise vibrant NGOs for sustainable social development

Government to patronise vibrant NGOs for sustainable social development

Secretary Social Welfare, Women Development and Bait-ul-Mal Punjab Muhammad Ayub Qazi has said that active and vibrant NGOs were rendering valuable services for the noble cause of humanity and development of social sector, the government would patronise s
Published 24 Mar, 2009 12:00am
Load shedding adversely affecting industrial production

Load shedding adversely affecting industrial production

Load-shedding of electricity continues in this industrial city and adjoining towns despite public holiday on Monday, while small traders and civil society members stated that the suspension of electricity for such a long time has ruined their business and
Published 24 Mar, 2009 12:00am
Deputy director general Rangers visits Mazar-e-Quaid

Deputy director general Rangers visits Mazar-e-Quaid

Deputy Director General Sindh Rangers, Brigadier Muhammad Latif on Monday visited the mausoleum of Quaid-e-Azam, Muhammad Ali Jinnah here to pay homage to him, on the eve of Pakistan Day. Brigadier Latif also offered Fateha and laid the floral wreath on t
Published 24 Mar, 2009 12:00am
Function held at Tokyo to mark Pakistan Day

Function held at Tokyo to mark Pakistan Day

Pakistans Embassy in Japan on Monday organised a function to mark the National Day in a befitting manner. On the occasion, a flag hoisting ceremony was held at Embassy of Pakistan. Pakistans Ambassador to Tokyo Noor Muhammad Jadmani read out National Day
Published 24 Mar, 2009 12:00am
Flag hoisting ceremony held at Pakistan High Commission

Flag hoisting ceremony held at Pakistan High Commission

An impressive flag hoisting ceremony to mark the 69th national day of Pakistan was held at the premises of Pakistan High Commission here on Monday. The countrys High Commissioner Wajid Shamsul Hasan raised the flag in presence of large number of members o
Published 24 Mar, 2009 12:00am
Pakistan Day celebrated in Saudi Arabia

Pakistan Day celebrated in Saudi Arabia

The Pakistani community in the Kingdom of Saudi Arabia on Monday celebrated the National Day of Pakistan with zeal and fervour. The day started with flag hoisting ceremonies held simultaneously at the embassy of Pakistan in Riyadh and at the residence of
Published 24 Mar, 2009 12:00am
SAC team attends Pakistan Day celebrations in Tashkent

SAC team attends Pakistan Day celebrations in Tashkent

A 23-member delegation of the Society of Asian Civilisations (SAC) of Pakistan on Monday participated in Pakistan Day celebrations in Tashkent, during its eight-day cultural study tour to Uzbekistan. Pakistans Ambassador Sajjad Kamran hoisted the Pakistan
Published 24 Mar, 2009 12:00am
Punjab University sub-campus to be set up in Sialkot soon

Punjab University sub-campus to be set up in Sialkot soon

Federal Minister for Population Welfare, Dr Firdous Ashiq Awan, has said that necessary arrangements are being finalised for setting up a sub-Campus of Punjab University (PU) in Sialkot, and development work on the project would be carried out after acqui
Published 24 Mar, 2009 12:00am
PUCEMB International symposium begins from March 25

PUCEMB International symposium begins from March 25

Centre of Excellence in Molecular Biology (CEMB), Punjab University (PU), in collaboration with Centre for Applied Molecular Biology (CAMB) will organise a four-day International Symposium on "Future Trends in Molecular Biological Research & Its Applicati
Published 24 Mar, 2009 12:00am
Convocation of Jinnah University next month

Convocation of Jinnah University next month

The convocation of the Jinnah University for Women (JUW) will be held in the third week of next month. The announcement of the institution here said that the students who have passed their B.A./B.Sc./BBA Honours, B.Com. B.Ed. BS (CS), B.S. (IT) BCS, M.A.,
Published 24 Mar, 2009 12:00am
Hundreds of federal board matric candidates do not get admit cards

Hundreds of federal board matric candidates do not get admit cards

The future of hundreds of matriculate students preparing to appear in the annual examination is at stake as Federal Board of Intermediate and Secondary Education (FBISE) has failed to dispatch admit cards to them even three days before the annual examinat
Published 24 Mar, 2009 12:00am
Government urged to abolish gender-based unfair laws

Government urged to abolish gender-based unfair laws

The Association of Women for Awareness and Motivation (Awam) organised a training workshop on "Community Education for Women Rights" at WID Centre in Daud Nager Faisalabad. The workshop demanded of government to abolish and amend the gender-based discrimi
Published 24 Mar, 2009 12:00am
President condemns murder of journalist

President condemns murder of journalist

President Asif Ali Zardari has condemned murder of Lahore based Dawn TV reporter Tariq Malik. He asked provincial law enforcing authorities to take all necessary measures promptly for ensuring arrest of assailants.
Published 24 Mar, 2009 12:00am
Nawaz-Gilani meeting will strengthen democratic norms

Nawaz-Gilani meeting will strengthen democratic norms

The Sunday luncheon meeting between the Prime Minister, Syed Yousaf Raza Gilani and the Pakistan Muslim League leader, Mian Nawaz Sharif at Raiwind subsided the political turmoil that exacerbated the existing polarisation. Former Punjab Minister for Indus
Published 24 Mar, 2009 12:00am
Farmers advised to use water efficiently

Farmers advised to use water efficiently

Punjab Agriculture Secretary Muhammad Zia ur Rehman told that farmers salvation is in enhancing agricultural productivity and reduce the cost of production through efficient use of water and agricultural inputs and a law is being prepared to regulate the
Published 24 Mar, 2009 12:00am
US Afghan plan must have exit strategy: Obama

US Afghan plan must have exit strategy: Obama

US President Barack Obama said the United States must have an "exit strategy" in Afghanistan even as it expands its military, diplomatic and economic fight against a Taliban insurgency. "What were looking for is a comprehensive strategy," Obama said in an
Published 24 Mar, 2009 12:00am
Violence threatens journalists in South Asia: CPJ

Violence threatens journalists in South Asia: CPJ

Journalists in South Asia face "severe risks" amid escalating violence in the region, the New York-based Committee to Protect Journalists (CPJ) said in a report released in the Philippines Monday. Attacks on media workers in Sri Lanka and Pakistan have in
Published 24 Mar, 2009 12:00am
Sindh government to set up Dairy Development Company

Sindh government to set up Dairy Development Company

The Government of Sindh has decided to establish Sindh Dairy Development Company (SDDC), leading to White Revolution. The company would be funded out of Rs 1.1 billion, saved from Sindhs Annual Development Program (ADP). Although a co-operation agreement
Published 24 Mar, 2009 12:00am
Mumbai attack trial begins: Kasab says he needs lawyer

Mumbai attack trial begins: Kasab says he needs lawyer

Sometimes breaking into laughter, the man accused of being the lone surviving gunman in last years Mumbai attacks told an Indian court on Monday that he was from Pakistan and wanted legal assistance, officials said. The trial of Mohammed Ajmal Kasab, whom
Published 24 Mar, 2009 12:00am
Mumbai attack trial begins: Kasab says he needs lawyer

Mumbai attack trial begins: Kasab says he needs lawyer

Sometimes breaking into laughter, the man accused of being the lone surviving gunman in last years Mumbai attacks told an Indian court on Monday that he was from Pakistan and wanted legal assistance, officials said. The trial of Mohammed Ajmal Kasab, whom
Published 24 Mar, 2009 12:00am
Sino-Pak strategic partnership to be expanded

Sino-Pak strategic partnership to be expanded

The Chinese President, Prime Minister and Foreign Minister on Monday congratulated the government and the people of Pakistan on Pakistan Day and assured the Sino-Pak Strategic Partnership of Co-operation will be further expanded and deepened.
Published 24 Mar, 2009 12:00am
US asks India to support Pakistan in rooting out extremism

US asks India to support Pakistan in rooting out extremism

The United States on Monday called on India to support Pakistan in rooting out extremism as Washington drafts a new "war on terror" strategy in South Asia. Deputy Secretary of State James Steinberg also said the United States backed a global role for Indi
Published 24 Mar, 2009 12:00am
Suncor to buy Petro-Canada for C$18.4 billion

Suncor to buy Petro-Canada for C$18.4 billion

Suncor Energy Inc said on Monday it will buy rival Petro-Canada to create Canadas biggest oil company, dominant in the Alberta oil sands and able to slash costs as it looks to weather a period of low oil prices. Suncor is offering C$18.43 billion ($14.9 b
Published 24 Mar, 2009 12:00am
US assets still safe choice for China

US assets still safe choice for China

US assets are still a safe investment option for China despite the Federal Reserves decision to buy a large volume of Treasury debt, a senior government official and economists said in remarks published on Monday. But China needed to diversify its huge fo
Published 24 Mar, 2009 12:00am
World Bank in talks on loan for Polish firms

World Bank in talks on loan for Polish firms

The World Bank and Polands top lender PKO BP are in talks about a $500 million loan to support struggling Polish businesses, a World Bank official said in an interview on Monday. Fernando Montes-Negret, regional finance and private sector director at the
Published 24 Mar, 2009 12:00am
Steel importers reject new ITP

Steel importers reject new ITP

Steel importers have refused to accept the revised Import Trade Price (ITP) fixed by customs for import of secondary flat rolled steel products, and have demanded release of imported consignments at provisional assessment till the issue is resolved, sourc
Published 24 Mar, 2009 12:00am
Steel importers reject new ITP

Steel importers reject new ITP

Steel importers have refused to accept the revised Import Trade Price (ITP) fixed by customs for import of secondary flat rolled steel products, and have demanded release of imported consignments at provisional assessment till the issue is resolved, sourc
Published 24 Mar, 2009 12:00am
Steel importers reject new ITP

Steel importers reject new ITP

Steel importers have refused to accept the revised Import Trade Price (ITP) fixed by customs for import of secondary flat rolled steel products, and have demanded release of imported consignments at provisional assessment till the issue is resolved, sourc
Published 24 Mar, 2009 12:00am
Investment under CFS rises

Investment under CFS rises

Investment under Continuous Funding System (CFS) at Karachi share market increased by 34.9 percent during the week ended on March 21, 2009 to settle at Rs 1.01 billion on Friday as compared to Rs 752 million of previous week. "The political clarity and im
Published 24 Mar, 2009 12:00am
Customs collectors told to strictly follow audit findings

Customs collectors told to strictly follow audit findings

The Federal Board of Revenue (FBR) has directed the collectors of customs to strictly follow the findings of the Post-Clearance Audit (PCA) to check wrong declarations and illegal exemptions of sales tax and withholding tax availed by certain importers of
Published 24 Mar, 2009 12:00am
Zardari leaves for Dubai

Zardari leaves for Dubai

President Asif Ali Zardari on Monday left for Dubai on a two-day private visit to spend some time with his family. On return, the President will visit Quetta for a day on March 26. Apart from this, he is also expected to address the joint sitting of the p
Published 24 Mar, 2009 12:00am
Korean firm signs coal mine deal with Pakistan

Korean firm signs coal mine deal with Pakistan

A South Korean energy development firm has signed an agreement with the Pakistan government for a stake in a coal mine in the Thar desert region, the firm said on Monday. South Koreas Pan Energy Development Co (PEDCO), with UAEs Bin Din Group, had secured
Published 24 Mar, 2009 12:00am
Korean firm signs coal mine deal with Pakistan

Korean firm signs coal mine deal with Pakistan

A South Korean energy development firm has signed an agreement with the Pakistan government for a stake in a coal mine in the Thar desert region, the firm said on Monday. South Koreas Pan Energy Development Co (PEDCO), with UAEs Bin Din Group, had secured
Published 24 Mar, 2009 12:00am
Korean firm signs coal mine deal with Pakistan

Korean firm signs coal mine deal with Pakistan

A South Korean energy development firm has signed an agreement with the Pakistan government for a stake in a coal mine in the Thar desert region, the firm said on Monday. South Koreas Pan Energy Development Co (PEDCO), with UAEs Bin Din Group, had secured
Published 24 Mar, 2009 12:00am
Sales tax collectors empowered to condone refund claims time period

Sales tax collectors empowered to condone refund claims time period

The Federal Board of Revenue (FBR) has directed collectors of sales tax to use powers for condonation of time period or extensions under section 74 of the Sales Tax Act, 1990 for disposal of pending sales tax refund applications filed by exporters.
Published 24 Mar, 2009 12:00am
Zardari to address Parliaments joint session on March 28

Zardari to address Parliaments joint session on March 28

President Asif Ali Zardari will address the Parliaments joint sitting on 28th March in which he would make a major announcement, said parliamentary affairs minister Babar Awan here on Monday. Talking to media persons here, he said that all arrangements fo
Published 24 Mar, 2009 12:00am
Zardari to address Parliaments joint session on March 28

Zardari to address Parliaments joint session on March 28

President Asif Ali Zardari will address the Parliaments joint sitting on 28th March in which he would make a major announcement, said parliamentary affairs minister Babar Awan here on Monday. Talking to media persons here, he said that all arrangements fo
Published 24 Mar, 2009 12:00am
Stocks upbeat on judges restoration

Stocks upbeat on judges restoration

The KSE-100 index during the week ended March 21, 2009 surged by 10.3 percent with average daily volume rising by 204 percent amid improving macro indicators and diminishing political uncertainty, analysts said. Despite some profit taking on Friday, the i
Published 24 Mar, 2009 12:00am
Investment under CFS rises

Investment under CFS rises

Investment under Continuous Funding System (CFS) at Karachi share market increased by 34.9 percent during the week ended on March 21, 2009 to settle at Rs 1.01 billion on Friday as compared to Rs 752 million of previous week. "The political clarity and im
Published 24 Mar, 2009 12:00am
Investment under CFS rises

Investment under CFS rises

Investment under Continuous Funding System (CFS) at Karachi share market increased by 34.9 percent during the week ended on March 21, 2009 to settle at Rs 1.01 billion on Friday as compared to Rs 752 million of previous week. "The political clarity and im
Published 24 Mar, 2009 12:00am
Stocks upbeat on judges restoration

Stocks upbeat on judges restoration

The KSE-100 index during the week ended March 21, 2009 surged by 10.3 percent with average daily volume rising by 204 percent amid improving macro indicators and diminishing political uncertainty, analysts said. Despite some profit taking on Friday, the i
Published 24 Mar, 2009 12:00am
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