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Print - 2009-07-02
Relief goods donated by PAF officers handed over to minister

Relief goods donated by PAF officers handed over to minister

Pakistan Air Force (PAF) handed over the relief goods, donated by PAF officials and officers for internally displaced persons (IDPs) of Swat, Buner and Dir to NWFP Health Minister Zahir Shah. On the instructions of PAF Chief of Air Staff Air Chief Marshal
Published 02 Jul, 2009 12:00am
THE RUPEE: dollar cheaper

THE RUPEE: dollar cheaper

The rupee managed to gain against dollar on the open market on Wednesday, gaining 10 paisa for buying at 81.25 and 30 paisa for selling at 81.35, dealers said. The interbank market rates were not available due to bank closure, they added. Versus the euro,
Published 02 Jul, 2009 12:00am
Investigations into APS&C affairs ordered

Investigations into APS&C affairs ordered

The Board of Governors (BoG) Abbottabad Public School and College (APS&C) directed a probe into various affairs, including that of appointments and other administrative activities and asked for a detailed report before the next meeting, scheduled August 0
Published 02 Jul, 2009 12:00am
THE RUPEE: dollar cheaper

THE RUPEE: dollar cheaper

The rupee managed to gain against dollar on the open market on Wednesday, gaining 10 paisa for buying at 81.25 and 30 paisa for selling at 81.35, dealers said. The interbank market rates were not available due to bank closure, they added. Versus the euro,
Published 02 Jul, 2009 12:00am
Pesco urges consumers to conserve electricity

Pesco urges consumers to conserve electricity

The power generation capability of Water and Power Development Authority (Wapda) has drastically reduced due to technical fault at Mangla powerhouse. This situation has led to additional shortage of 1100 mw. As the prevailing heat wave has increased the u
Published 02 Jul, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am
'Government to electrify 7,000 villages within five years'

'Government to electrify 7,000 villages within five years'

The Federal Minister for Water and Power, Raja Pervez Ashraf has said that the government has set a target to electrify 7,000 villages within next five years through solar energy which cannot be electrified through grid. The minister said that Pakistan is
Published 02 Jul, 2009 12:00am
17 percent hike in electricity bills: trade bodies will stage protest

17 percent hike in electricity bills: trade bodies will stage protest

The business community has decided to stage protest against 17 percent increase in electricity bills and has deemed it unjust and a suicidal attack on industrial sector. Addressing a joint news conference Tuesday afternoon at Sialkot Chamber of Commerce a
Published 02 Jul, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am
Power crisis: MCCI seeks government help

Power crisis: MCCI seeks government help

The Multan Chamber of Commerce and Industry (MCCI), on Wednesday, urged the government to save both, trade and industry, from total collapse in the wake of the worst-ever power crisis that has gripped the country. "It is a national loss to the country in
Published 02 Jul, 2009 12:00am
Hike in POL will increase prices of goods: HCCI

Hike in POL will increase prices of goods: HCCI

President Hyderabad Chamber of Commerce and Industry (HCCI) Shafique Ahmed Qureshi expressed that with the increase in petroleum products, prices of consumer goods would once again go up and the trade and industry sector would be hit hard. The government
Published 02 Jul, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am
Traders dismayed over Federal, NWFP budgets

Traders dismayed over Federal, NWFP budgets

The traders community have said that the 2009-10 budgets of both the Federal and provincial governments have brought a flood of taxes, having no relief to the poor segment of the society. In a joint statement here on Wednesday, the traders criticised the
Published 02 Jul, 2009 12:00am
Traders dismayed over Federal, NWFP budgets

Traders dismayed over Federal, NWFP budgets

The traders community have said that the 2009-10 budgets of both the Federal and provincial governments have brought a flood of taxes, having no relief to the poor segment of the society. In a joint statement here on Wednesday, the traders criticised the
Published 02 Jul, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am
42nd course for cutting, polishing of gemstones begins

42nd course for cutting, polishing of gemstones begins

Gems and Gemological Institute of Pakistan (GGIP), the cutting and polishing training institute of precious and semi-precious stones begun 42nd Gem and Gemological Course on Wednesday. The chairman, All Pakistan Commercial Exporters Association (APCEA) an
Published 02 Jul, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (July 01, 2009) and for Thursday (July 02, 2009).
Published 02 Jul, 2009 12:00am
Forces kill five terrorists, arrest three: one soldier martyred

Forces kill five terrorists, arrest three: one soldier martyred

The security forces have killed five terrorists and arrested three from Swat and Dir areas of Malakand division while one soldier was martyred and 12 others injured including an officer during the last 24 hours of operation "Rah-e-Raast."
Published 02 Jul, 2009 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 02 Jul, 2009 12:00am
120 youth of IDPs complete vocational training

120 youth of IDPs complete vocational training

Under the arrangements of National Vocational and Technical Education Commission (NAVTEC), a batch of 120 youth of Internally Displaced Persons (IDPs) of Malakand Division have successfully completed their month-long vocational training in three most usef
Published 02 Jul, 2009 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 02 Jul, 2009 12:00am
WFP begins to provide monthly food rations to returning IDPs

WFP begins to provide monthly food rations to returning IDPs

The United Nations World Food Programme (WFP) has begun providing monthly food rations to families returning home to tribal areas following the recent upsurge in fighting in NWFP. More than two million people have been displaced by the conflict and small
Published 02 Jul, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am
Punjab government takes solid steps for relief of IDPs

Punjab government takes solid steps for relief of IDPs

Punjab Chief Minister, Mohammad Shahbaz Sharif has said that those who are taking part in the relief activities for the displaced persons of Swat are participating in a noble cause and will be rewarded by Allah Almighty. He said the way people of Punjab w
Published 02 Jul, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am
WFP lauds Punjab government efforts for relief of IDPs

WFP lauds Punjab government efforts for relief of IDPs

World Food Programme (WFP) praised the Punjab government in its efforts for the relief and rehabilitation of the internally displaced persons (IDPs), but asked for an enhancement in the quota of "atta" being supplied by the provincial government to the re
Published 02 Jul, 2009 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 02 Jul, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (July 01, 2009).

Published 02 Jul, 2009 12:00am
Rs 183 million NAB budget approved for first quarter

Rs 183 million NAB budget approved for first quarter

The government has approved the National Accountability Bureau (NAB) budget of Rs 183 million for the first quarter of fiscal year 2009-10, which has raised doubts regarding disbanding of NAB chapter in the coming three months. The government had allocate
Published 02 Jul, 2009 12:00am
The Weather

The Weather

The weather report on Wednesday (July 01, 2009) and the forecast for Thursday (July 02, 2009).

Published 02 Jul, 2009 12:00am
Registrar Supreme Court to give briefing on NJC

Registrar Supreme Court to give briefing on NJC

Registrar Supreme Court of Pakistan, Secretary National Judicial Policy Making Committee, Dr Faqir Hussain will give briefing about the National Judicial Conference (NJC) on implementation of the National Judicial Policy 2009 on July 3. He would also be r
Published 02 Jul, 2009 12:00am
Suicide bombings: Supreme Court rejects bail request

Suicide bombings: Supreme Court rejects bail request

The Supreme Court on Wednesday refused to grant bail to two accused, who were arrested for their alleged role in suicide bombings at Abpara and F-8 markaz, Islamabad in 2007, which claimed several lives. A three-member bench of the apex court, comprising
Published 02 Jul, 2009 12:00am
Rs 200 million Bankers City scam: bail pleas of three accused rejected

Rs 200 million Bankers City scam: bail pleas of three accused rejected

The Islamabad High Court (IHC) here on Wednesday rejected bail pleas of three accused in Rs 200 million Bankers City Housing Society. A division bench of Justice Mohammad Arshad Tabraiz and Justice Syed Intikhab Shah refused to release accused Mehmood Akh
Published 02 Jul, 2009 12:00am
Illegal detention of citizen: registration of case against cop ordered

Illegal detention of citizen: registration of case against cop ordered

The Lahore High Court (LHC) here on Wednesday ordered for registration of a case against Incharge Organised Crime, CIA, Ali Abbas, for keeping a citizen in his illegal detention for fortnight. The petitioner Muhammad Ikram has moved a habeas corpus petiti
Published 02 Jul, 2009 12:00am
CDA cancels contract of Kashmir Highway toll plaza construction

CDA cancels contract of Kashmir Highway toll plaza construction

The Capital Development Authority (CDA) has cancelled the contract of the Kashmir Highway toll plaza construction and took over the operational control of the toll plaza due to non-compliance of contractual obligations by the contractor. Besides various o
Published 02 Jul, 2009 12:00am
Suroor Investment acquires 297.034 million shares of AHBL

Suroor Investment acquires 297.034 million shares of AHBL

Suroor Investment Limited, a company incorporated in Mauritius, has acquired 297.034 million ordinary shares of Arif Habib Bank Limited for Rs 2.673 billion at Rs 9 per share under share purchase agreement, subject to the necessary regulatory approval.
Published 02 Jul, 2009 12:00am
PTCL, HRI sign accord

PTCL, HRI sign accord

Pakistan Telecommunication Company Limited (PTCL), in order to provide sales and after sales support of PTCL corporate product portfolio to the SME market, has signed a strategic agreement with Habib Rafiq International Pvt Ltd (HRI).
Published 02 Jul, 2009 12:00am
FOCUS Pakistan receives UN award

FOCUS Pakistan receives UN award

Focus Humanitarian Assistance (FOCUS) Pakistan was selected by the jury of 2009 UN Sasakawa Award for Disaster Reduction to receive Certificate of Merit for enhancing disaster risk reduction. Chairman Amyn Dossa, together with the Executive Officer Ghulam
Published 02 Jul, 2009 12:00am
CNG buses project comes to a halt

CNG buses project comes to a halt

Work on CNG buses project for the city has come to a halt, as the Ministry of Environment has delayed releasing Rs 500 million to the Karachi Mass Transit Cell (KMTC) of City District Government Karachi (CDGK) in the outgoing fiscal year. According to rel
Published 02 Jul, 2009 12:00am
Pepco providing power to IDPs on a war-footing

Pepco providing power to IDPs on a war-footing

Pakistan Electric Power Company (Pepco) is providing electricity distribution infrastructure to the internally displaced persons (IDPs) of Swat and Boner areas for their speedy adjustment in the camps. Twenty-seven declared IDP camps in NWFP have been pro
Published 02 Jul, 2009 12:00am
JS Bank ratings upgraded

JS Bank ratings upgraded

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term and short-term entity ratings of JS Bank Limited to "A" (Single A) and "A1" (A One), respectively. These ratings denote low expectation of credit risk emanating from a strong capacity fo
Published 02 Jul, 2009 12:00am
JS Bank ratings upgraded

JS Bank ratings upgraded

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term and short-term entity ratings of JS Bank Limited to "A" (Single A) and "A1" (A One), respectively. These ratings denote low expectation of credit risk emanating from a strong capacity fo
Published 02 Jul, 2009 12:00am
Sale of outdated drugs: medical official refutes news item

Sale of outdated drugs: medical official refutes news item

Medical Superintendent, Liaquat University Hospital, Hyderabad while contradicting news item appeared in section of the press about sale of official outdated drugs in the market and consumption of fake medicines in medical camps, has termed it as baseless
Published 02 Jul, 2009 12:00am
Dairy sector shows huge potential for growth

Dairy sector shows huge potential for growth

Dairy is one of the expanding industrial sectors in Pakistan with currently about 23 units engaged in the production of various dairy products. However, presently almost all the dairy units are working below their capacities. Besides milk, milk powder and
Published 02 Jul, 2009 12:00am
Soneri Bank's ratings maintained at AA-, Al+

Soneri Bank's ratings maintained at AA-, Al+

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Soneri Bank Limited at AA- (Double A minus) and Al+ (A one plus), respectively. These ratings denote a very low expectation of credit risk emanating fr
Published 02 Jul, 2009 12:00am
PBIC entity ratings maintained

PBIC entity ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained long-term and short-term entity ratings of Pak Brunei Investment Company (PBIC) at "AA" (double A) and "A1+" (A one plus) respectively, says a press release. According to report that these ratings i
Published 02 Jul, 2009 12:00am
Soneri Bank's ratings maintained at AA-, Al+

Soneri Bank's ratings maintained at AA-, Al+

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Soneri Bank Limited at AA- (Double A minus) and Al+ (A one plus), respectively. These ratings denote a very low expectation of credit risk emanating fr
Published 02 Jul, 2009 12:00am
Narrow body aircraft deal in the offing

Narrow body aircraft deal in the offing

The national carrier, Pakistan International Airlines, is negotiating a mind-boggling US $2 billion deal at list price with Airbus and Boeing for the purchase of 27 new single-aisle aircraft within the next few weeks. Aviation circles term this order a "p
Published 02 Jul, 2009 12:00am
PBIC entity ratings maintained

PBIC entity ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained long-term and short-term entity ratings of Pak Brunei Investment Company (PBIC) at "AA" (double A) and "A1+" (A one plus) respectively, says a press release. According to report that these ratings i
Published 02 Jul, 2009 12:00am
Task force being set up to check terrorism

Task force being set up to check terrorism

Punjab Chief Minister Shahbaz Sharif has said that a special task force is being set up to check the incidents of terrorism while police force is also being trained on modern lines. He also ordered for setting up special check posts at entry points of cit
Published 02 Jul, 2009 12:00am
Sugar mills' progress on payment of dues reviewed

Sugar mills' progress on payment of dues reviewed

Sugar mills in Punjab have paid Rs 361.8 million out of the total Rs 655.3 million outstanding dues against them of sugarcane growers, while the government is taking all out steps to ensure payment of rest of the arrears. This was stated by the Punjab Sec
Published 02 Jul, 2009 12:00am
Cotton growers warned against 'Jassid' attack

Cotton growers warned against 'Jassid' attack

The Punjab agriculture department has warned the cotton growers to pay special attention to their crop, as heavy rains and increased moisture have increased the threat of attack of 'Jassid' on the crop. Growers have been advised to ensure regular pest sco
Published 02 Jul, 2009 12:00am
Hike in POL products' prices

Hike in POL products' prices

Everybody in the country is likely to feel the excruciating pain of a substantial increase in the prices of POL products announced by the government with effect from 1st July, 2009. According to an official announcement, price of petrol has been increased
Published 02 Jul, 2009 12:00am
Punjab to introduce mobile health unit system

Punjab to introduce mobile health unit system

With initial cost of Rs 300 million, the Punjab government is going to introduce mobile health unit system in three tehsils of the province to extend quality health services to the people of those areas.
Published 02 Jul, 2009 12:00am
Knowing the reality

Knowing the reality

Whatever the plans prepared in advance, the war determines its own pace and direction - a truism that of late we see unfolding before us. As the Swat operation was thought to have been nearly accomplished NWFP Governor Owais Ghani ordered the forces to mo
Published 02 Jul, 2009 12:00am
Viewpoint: Demand for Seraiki province

Viewpoint: Demand for Seraiki province

A low-key demand for the creation of Seraiki province out of Punjab has been there for a long time. Until now, Barrister Taj Mohammad Langah's Pakistan Seraiki Party had been leading the separate province movement, which failed to catch the fancy of the a
Published 02 Jul, 2009 12:00am
Environmental problems

Environmental problems

It is a matter of national concern that the rapidly growing population and economic development are leading to the environmental degradation in Pakistan through the uncontrolled growth of urbanisation and industrialisation, expansion and massive intensifi
Published 02 Jul, 2009 12:00am
Parents mourn children abducted by traffickers

Parents mourn children abducted by traffickers

In the quiet village of Shang Di, wedged among factory towns in southern China, Deng Huidong wheels out a dusty two-seater tricycle that her 9-month-old son rode the day he was abducted outside her family house in 2007. Little Ruicong, who was snatched by
Published 02 Jul, 2009 12:00am
ADabba petrol

ADabba petrol

Today everywhere, especially in Karachi, the hub of all the trading activities, floods of cars are seen on the roads all the time. In today's world transportation, whether It is car or cab, bus or truck, rickshaw or motorcycle, has become an essential nee
Published 02 Jul, 2009 12:00am
PHA to launch housing scheme for officers of BPS-17

PHA to launch housing scheme for officers of BPS-17

Pakistan Housing Authority (PHA) has decided to launch a housing scheme for ownership basis for officers of BPS-17 and above of all departments of the Federal Government including Federally Constituted Occupational Groups in Islamabad and all the four pro
Published 02 Jul, 2009 12:00am
Shortage of funds disrupts free treatment

Shortage of funds disrupts free treatment

The majority of patients at the Civil Hospital, Children's complex are facing problems in getting free treatment because of the acute shortage of funds. The DHQ Hospital has stopped purchasing medicines and surgical disposables from the open market, throu
Published 02 Jul, 2009 12:00am
Debate kicks off for Seraiki province

Debate kicks off for Seraiki province

As the debate kicks off in the media and the general public on the carving out of new provinces, voices, in favour of a Seraiki province, echoed in the Provincial and National Assembly. Jamshed Khan Dasti, MNA, Makhdoom Javed Hashmi MNA, Makhdoom Shahab-u
Published 02 Jul, 2009 12:00am
Future of gas consumers in rural Islamabad hangs in balance

Future of gas consumers in rural Islamabad hangs in balance

The residents of Islamabad rural areas have expressed worries over the fate of the Sui gas facility being provided to them by major service provider Sui Northern Gas Pipelines Limited (SNGPL) by asking them to file an undertaking of personal guarantee on
Published 02 Jul, 2009 12:00am
Textile industry badly hurt by loadshedding

Textile industry badly hurt by loadshedding

The Textile industry had reached the brink of disaster as a result of forced load shedding of electricity and the recent hike in the prices of Petroleum products. The Government was playing havoc with the industry and exports. The recent price hike in Pet
Published 02 Jul, 2009 12:00am
US MIDDAY: gold rises above $940

US MIDDAY: gold rises above $940

Gold futures rose above $940 an ounce early Wednesday, recovering the previous session's losses, as a broad decline of the dollar highlighted the status of gold as a hedge against a falling US currency. August up $12, or 1.3 percent, at $939.40 an ounce a
Published 02 Jul, 2009 12:00am
US MIDDAY: copper surges

US MIDDAY: copper surges

US copper futures rose to a 2-1/2-week high early Wednesday after manufacturing data from China, Europe and the United States reinforced global economic recovery hope. Copper for September delivery surged 8.15 cents, or 3.6 percent, to $2.3535 a lb by 10:
Published 02 Jul, 2009 12:00am
US MIDDAY: soya jumps

US MIDDAY: soya jumps

Chicago Board of Trade soyabeans hit a two-week top when front-month July touched $12.58 a bushel early Wednesday, supported by tight stocks, traders said. No deliveries were posted against the July contract the past two days, which underscored the tight
Published 02 Jul, 2009 12:00am
US MIDDAY: coffee and cocoa up, sugar falls

US MIDDAY: coffee and cocoa up, sugar falls

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Wednesday. September arabica coffee contract up 0.10 cent at $1.20 per lb at 11:05 am EDT (1505 GMT). Session range from $1.1945 to $1.2110. October raw sugar contract down 0.04 cent
Published 02 Jul, 2009 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

Seasonal harvest pressure and a big stockpile of wheat drove CBOT July wheat down 8-3/4 cents per bushel at $5.02-1/2 early on Wednesday, traders said.
Published 02 Jul, 2009 12:00am
Gold climbs above $940 in London trade

Gold climbs above $940 in London trade

Gold climbed above $940 on Wednesday, bouncing back from a sell-off the previous day, as the dollar slid against the euro and higher crude prices boosted the metal's appeal as a potential hedge against inflation. Spot gold rose as high as $941.80 to trade
Published 02 Jul, 2009 12:00am
London sugar up; coffee and cocoa down

London sugar up; coffee and cocoa down

August white sugar closed 90 cents higher at $459.60 a tonne on Wednesday. The market touched a contract high of $465.20 per tonne earlier, buoyed by raw sugar futures which held steady as traders digested a massive 1.3 million tonne delivery against the
Published 02 Jul, 2009 12:00am
Copper jumps to two-week high

Copper jumps to two-week high

Copper jumped to two-week highs on Wednesday as manufacturing surveys in the United States and China and a weaker dollar helped boost sentiment, but gains are expected to be capped by a seasonal lull in demand. Other industrial metals also surged with lea
Published 02 Jul, 2009 12:00am
Oil falls on US gasoline inventory build

Oil falls on US gasoline inventory build

Oil prices fell on Wednesday after government data showed an increase in US gasoline inventories ahead of the July 4 Independence Day holiday, traditionally the peak of the summer driving season. Gasoline stockpiles in the world's top consumer rose by 2.3
Published 02 Jul, 2009 12:00am
New York cotton finishes sharply up

New York cotton finishes sharply up

Cotton futures settled higher on Wednesday on investment fund buying in a technical surge that should persist ahead of the holiday weekend, brokers said. The new-crop December cotton contract rose 3.00 cents to close at the day's top of 60.48 cents per lb
Published 02 Jul, 2009 12:00am
Four dacoits killed in police encounter

Four dacoits killed in police encounter

In a police encounter with CIA Police Lahore, four members of a gang, involved in multiple robberies, murder, vehicle snatching and other heinous crimes, have been killed. Out of these four killed proclaimed offenders, culprit Muhammad Boota alias Booti h
Published 02 Jul, 2009 12:00am
Adda Fee from public transport not utilising GBSs is illegal: LHC

Adda Fee from public transport not utilising GBSs is illegal: LHC

The Lahore High Court (LHC) has declaring the collection of "Adda Fee" from the public transport not utilising General Bus Stands (GBSs) as illegal, has observed that DCOs and Nazims could not impose this Fee on vehicles plying outside the Stands.The cour
Published 02 Jul, 2009 12:00am
PHP meeting held

PHP meeting held

A high level meeting of Punjab Highway Patrol (PHP) in the chair of Additional IG/PHP, Muhammad Wasim, was held here on Wednesday to review the performance of PHP. DIG, Sohail Khan, SP HQs Dr Inam Waheed and all regional superintendents of police along wi
Published 02 Jul, 2009 12:00am
LHC summons top police official today

LHC summons top police official today

Chief Justice, Lahore High Court (LHC), here on Wednesday observed that police have assigned the duty of protecting people, but they are only protecting themselves by taking shelter behind barricaded offices, which have multiplied people's miseries by blo
Published 02 Jul, 2009 12:00am
Agreement signed between PTCL, TWA

Agreement signed between PTCL, TWA

In a joint ceremony held at Pakistan Telecommunication Authority (PTA) headquarters, PTCL and Trans World Associates (TWA) have signed an agreement on establishment of local Internet peering for routing of domestic email and Internet traffic. It was decid
Published 02 Jul, 2009 12:00am
Downpour in Lahore

Downpour in Lahore

Provincial metropolis received pre-monsoon rain in the early morning of Wednesday and hence broke the spell of intense hot weather, giving much needed respite to the Lahoriites. According to a Pakistan Meteorological Department Lahore, the city received 2
Published 02 Jul, 2009 12:00am
FBR analysis fails to discuss underinvoicing, misuse of FTA with China

FBR analysis fails to discuss underinvoicing, misuse of FTA with China

An analysis of the Federal Board of Revenue on the Free Trade Agreement (FTA) between Pakistan and China has not discussed major concern of under-invoicing and possible misuse of FTA by unscrupulous importers. The FBR on Wednesday released the quarterly r
Published 02 Jul, 2009 12:00am
FBR research strongly defends imposition of carbon tax

FBR research strongly defends imposition of carbon tax

A research conducted by the Federal Board of Revenue has strongly defended imposition of carbon tax in Pakistan despite the fact the advance countries have enforced this tax as a "revenue neutral measure." A research-based analysis of FBR Member Mumtaz Ha
Published 02 Jul, 2009 12:00am
'Safe return of IDPs soon'

'Safe return of IDPs soon'

NWFP Governor, Owais Ahmed Ghani, has assured World Health Organisations (WHO) and United Nations Children's Fund (UNICEF) a rapid and safe return of the IDPs and has commended the work of the organisations for the effected, here on Wednesday.
Published 02 Jul, 2009 12:00am
Fazlullah seriously hurt, says Malik

Fazlullah seriously hurt, says Malik

Interior Minister A Rehman Malik on Wednesday said that fugitive Taliban leader in Swat Maulana Fazlullah has been critically injured in the on-going military operation in Malakand division. "It has been confirmed that he has been hit and seriously injure
Published 02 Jul, 2009 12:00am
Rs 250 billion record investment made in National Savings Schemes

Rs 250 billion record investment made in National Savings Schemes

The Central Directorate of National Savings (CDNS) has made as record net investment of Rs 250 billion this year, its Director General Zafar M Shaikh said. Talking to APP here on Wednesday, he said that profit rates on National Saving Certificates (NSCs)
Published 02 Jul, 2009 12:00am
Ashraf condoled on father's death

Ashraf condoled on father's death

Punjab Chief Minister Shahbaz Sharif went to the residence of Member Provincial Assembly, Asad Ashraf at Defence on Wednesday and expressed sorrow and grief over the sad demise of his father. The Chief Minister prayed that Allah Almighty may rest the depa
Published 02 Jul, 2009 12:00am
Ali Raza greeted on extension as President NBP

Ali Raza greeted on extension as President NBP

Dr Mirza Ikhtiar Baig Chairman Standing Committee on Banking, Credit & Finance of FPCCI in a letter greeted Ali Raza on his extension as President NBP. Dr Baig said, it reflects the confidence of the government and policy makers on his abilities. Under hi
Published 02 Jul, 2009 12:00am
Concerns voiced over increase in POL prices

Concerns voiced over increase in POL prices

Opposition parties and some coalition partners of Pakistan Peoples Party have expressed serious concern over yet another increase in the prices of petroleum products soon after passage of the budget 2009-10.
Published 02 Jul, 2009 12:00am
Naguibullah made new PTCL chairman

Naguibullah made new PTCL chairman

Secretary Ministry of Information Technology Naguibullah Malik has been appointed as new chairman of Pakistan Telecommunication Company Ltd, effective June 30, 2009, replacing former Secretary IT, Hifz-ur-Rehman.
Published 02 Jul, 2009 12:00am
Bulk water supply line repaired within 16 hours

Bulk water supply line repaired within 16 hours

On the directives of Additional Chairman Karachi Water and Sewerage Board (KWSB), MPA Mohammed Moin Khan, the work on the leaking 48 inch dia Bulk Water Supply Main, that supplies water from Hub dam to Orangi and Baldia Towns, was completed on an emergenc
Published 02 Jul, 2009 12:00am
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