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Print - 2009-08-30
Apple's China iPhone deal a good start

Apple's China iPhone deal a good start

Apple Inc's deal to sell the iPhone in China is seen as just the beginning of its dealmaking in the world's largest mobile phone market. The three-year deal with China Unicom, the country's second-largest carrier with more than 14O million customers, is n
Published 30 Aug, 2009 12:00am
Global commodity prices diverge amid recovery hopes

Global commodity prices diverge amid recovery hopes

The prices of raw materials were mixed last week in cautious trade despite increased signs of global economic recovery. The US economy, the world's biggest, appeared to hold on its path of recovery from deep recession as output shrank at an un-revised 1.0
Published 30 Aug, 2009 12:00am
Methanol fuel cell startup eyes hybrid market

Methanol fuel cell startup eyes hybrid market

A fast-growing Silicon Valley start-up firm is aiming to put its methanol-based fuel cells in electric vehicles and plug-in hybrid cars. Oorja Protonics, which sells its fuel cells to Nissan Motor Co, is working to have a product that can be used as a ran
Published 30 Aug, 2009 12:00am
Fund view: correction in stocks to boost dollar, says Capricorn

Fund view: correction in stocks to boost dollar, says Capricorn

The US equity market is due for a pullback and this could support the dollar as an inverse correlation, in which the two assets tend to move in opposite directions, is intact, a Switzerland-based currency manager said. Over the past few months, the dollar
Published 30 Aug, 2009 12:00am
SBP invites bids for Ijara Sukuk

SBP invites bids for Ijara Sukuk

The State Bank of Pakistan on Saturday invited tenders for sale of 3-Year Government of Pakistan Ijara Sukuk (GIS). Tenders have been invited by the Director, Domestic Markets & Monetary Management Department (DMMD), State Bank of Pakistan, Karachi from d
Published 30 Aug, 2009 12:00am
Big CBOT wheat deliveries seen as convergence eyed

Big CBOT wheat deliveries seen as convergence eyed

Ample supplies of US soft red winter wheat and lackluster demand for the grain will promote big first-day deliveries against the September Chicago Board of wheat contract on Monday, traders and analysts said. Given current soft US cash wheat markets they
Published 30 Aug, 2009 12:00am
SBP invites bids for Ijara Sukuk

SBP invites bids for Ijara Sukuk

The State Bank of Pakistan on Saturday invited tenders for sale of 3-Year Government of Pakistan Ijara Sukuk (GIS). Tenders have been invited by the Director, Domestic Markets & Monetary Management Department (DMMD), State Bank of Pakistan, Karachi from d
Published 30 Aug, 2009 12:00am
Fund view: correction in stocks to boost dollar, says Capricorn

Fund view: correction in stocks to boost dollar, says Capricorn

The US equity market is due for a pullback and this could support the dollar as an inverse correlation, in which the two assets tend to move in opposite directions, is intact, a Switzerland-based currency manager said. Over the past few months, the dollar
Published 30 Aug, 2009 12:00am
SBP invites bids for Ijara Sukuk

SBP invites bids for Ijara Sukuk

The State Bank of Pakistan on Saturday invited tenders for sale of 3-Year Government of Pakistan Ijara Sukuk (GIS). Tenders have been invited by the Director, Domestic Markets & Monetary Management Department (DMMD), State Bank of Pakistan, Karachi from d
Published 30 Aug, 2009 12:00am
Once-stable Sweden leads Norway in forex volatility

Once-stable Sweden leads Norway in forex volatility

Signals from the currency options market are exposing concerns about the outlook for the Swedish crown, one of the latest symbols of risk appetite, moving in lock step with the rise in global equities. The Swedish crown's implied volatility, or "vol," a m
Published 30 Aug, 2009 12:00am
SBP invites bids for Ijara Sukuk

SBP invites bids for Ijara Sukuk

The State Bank of Pakistan on Saturday invited tenders for sale of 3-Year Government of Pakistan Ijara Sukuk (GIS). Tenders have been invited by the Director, Domestic Markets & Monetary Management Department (DMMD), State Bank of Pakistan, Karachi from d
Published 30 Aug, 2009 12:00am
Accountants see Canada's economy set to grow

Accountants see Canada's economy set to grow

Optimism about Canada's economy shot higher among senior-level chartered accountants, but it could still be a while before things turn around, a survey showed on Wednesday. The Canadian Institute of Chartered Accountants and Royal Bank of Canada's Busines
Published 30 Aug, 2009 12:00am
Bomber who attacked Saudi prince came from Yemen

Bomber who attacked Saudi prince came from Yemen

Yemen says the suicide bomber who lightly wounded Saudi Arabia's assistant interior minister on Thursday set out from an area of Yemen known to be an al Qaida sanctuary. A crackdown on al Qaida's Saudi branch has forced it to move most of its operations t
Published 30 Aug, 2009 12:00am
SEC may wield stronger hand after BofA bonus case

SEC may wield stronger hand after BofA bonus case

US securities regulators may emerge with greater power to extract settlements with real teeth in corporate enforcement cases, even after a federal judge has blocked its high-profile settlement with Bank of America Corp. US District Judge Jed Rakoff has tw
Published 30 Aug, 2009 12:00am
Apple's China iPhone deal a good start

Apple's China iPhone deal a good start

Apple Inc's deal to sell the iPhone in China is seen as just the beginning of its dealmaking in the world's largest mobile phone market. The three-year deal with China Unicom, the country's second-largest carrier with more than 14O million customers, is n
Published 30 Aug, 2009 12:00am
Forex options market embraces weak US dollar view

Forex options market embraces weak US dollar view

Mounting evidence of a global economic recovery has soured sentiment on the safe-haven US dollar among options investors, mirroring the prevailing weak stance on the currency in the spot market. Options market signals used to gauge bullish or bearish sent
Published 30 Aug, 2009 12:00am
Methanol fuel cell startup eyes hybrid market

Methanol fuel cell startup eyes hybrid market

A fast-growing Silicon Valley start-up firm is aiming to put its methanol-based fuel cells in electric vehicles and plug-in hybrid cars. Oorja Protonics, which sells its fuel cells to Nissan Motor Co, is working to have a product that can be used as a ran
Published 30 Aug, 2009 12:00am
After oil, JP Morgan eyes physical base metals trade

After oil, JP Morgan eyes physical base metals trade

J.P. Morgan Chase & Co is set to deepen its aggressive commodities market expansion by starting to trade physical base metals and coal, and re-entering Australia after a five-year absence, with Asia the priority. J.P. Morgan wants to hire more staff in As
Published 30 Aug, 2009 12:00am
Apple''s China iPhone deal a good start

Apple''s China iPhone deal a good start

Apple Inc''s deal to sell the iPhone in China is seen as just the beginning of its dealmaking in the world''s largest mobile phone market. The three-year deal with China Unicom, the country''s second-largest carrier with more than 14O million customers, i
Published 30 Aug, 2009 12:00am
Thai PTT aims to buy foreign assets to boost growth

Thai PTT aims to buy foreign assets to boost growth

PTT, Thailand's top energy firm, said on Tuesday it was cautiously looking for assets overseas as part of a plan to boost growth and bolster its presence in international markets. State-controlled PTT, which has looked at about 70 projects as targets for
Published 30 Aug, 2009 12:00am
Bomber who attacked Saudi prince came from Yemen

Bomber who attacked Saudi prince came from Yemen

Yemen says the suicide bomber who lightly wounded Saudi Arabia's assistant interior minister on Thursday set out from an area of Yemen known to be an al Qaida sanctuary. A crackdown on al Qaida's Saudi branch has forced it to move most of its operations t
Published 30 Aug, 2009 12:00am
CapitalSource to tap cap market if opportunity comes

CapitalSource to tap cap market if opportunity comes

Commercial lender CapitalSource Inc will consider to tap the capital market to lower its debt or financing costs if an opportunity arose but there are no plans on the anvil, its chief executive said. The Chevy Chase, Maryland-based company, which transfor
Published 30 Aug, 2009 12:00am
ATC delays case against Mumbai suspects

ATC delays case against Mumbai suspects

A special anti-terrorism court delayed a hearing on Saturday to charge five suspects in last year's Mumbai terrorist attacks, a defence lawyer said. Pakistan's prosecution of suspects in the November killings of 166 people in Mumbai is considered a test o
Published 30 Aug, 2009 12:00am
Ukraine eyes gas direct from Central Asia

Ukraine eyes gas direct from Central Asia

Ukraine wants to bypass Russia in its natural gas supplies from Central Asia and hopes to start talks with Turkmenistan soon on direct purchases, Ukraine's envoy to the Central Asian state said in an interview. "Turkmenistan, a key exporter, and Ukraine,
Published 30 Aug, 2009 12:00am
British soldier killed in Afghanistan: ministry

British soldier killed in Afghanistan: ministry

A British soldier was killed in an explosion in southern Afghanistan on Saturday, the Ministry of Defence said. The Royal Marine was on a foot patrol in Gereshk in Helmand province, a stronghold of the Taliban, when he died. A spokesman for Task Force Hel
Published 30 Aug, 2009 12:00am
Abengoa weighs financing offers for solar parks

Abengoa weighs financing offers for solar parks

Spanish renewable energy firm Abengoa has received financing offers for two of its solar plants and expects a recovery in its biofuel operations, the company's finance director said on Wednesday. Banking sources told Reuters Loan Pricing Corp in March tha
Published 30 Aug, 2009 12:00am
ATC delays case against Mumbai suspects

ATC delays case against Mumbai suspects

A special anti-terrorism court delayed a hearing on Saturday to charge five suspects in last year's Mumbai terrorist attacks, a defence lawyer said. Pakistan's prosecution of suspects in the November killings of 166 people in Mumbai is considered a test o
Published 30 Aug, 2009 12:00am
UAE Al Khaleej expects Iran, Iraq sugar shortage

UAE Al Khaleej expects Iran, Iraq sugar shortage

Developing nations, including Iran and Iraq, may face a sugar shortage as the soaring price of the sweetener puts it out of reach, the chairman of Al Khaleej Sugar, the world's largest sugar refinery, said on Tuesday. Raw sugar futures have soared to 28-1
Published 30 Aug, 2009 12:00am
British soldier killed in Afghanistan: ministry

British soldier killed in Afghanistan: ministry

A British soldier was killed in an explosion in southern Afghanistan on Saturday, the Ministry of Defence said. The Royal Marine was on a foot patrol in Gereshk in Helmand province, a stronghold of the Taliban, when he died. A spokesman for Task Force Hel
Published 30 Aug, 2009 12:00am
Medvedev warned by North Caucasus leaders on radical threat

Medvedev warned by North Caucasus leaders on radical threat

Leaders from Russia's turbulent North Caucasus told President Dmitry Medvedev on Friday that an Islamist insurgency had permeated all spheres of society and they were struggling to combat it. Ingushetian regional head Yunus-Bek Yevkurov, still limping fro
Published 30 Aug, 2009 12:00am
Tanzania's NMB sees up to 30 percent asset growth

Tanzania's NMB sees up to 30 percent asset growth

Tanzania's National Microfinance Bank (NMB) sees its assets growing by up to 30 percent in 2009 from 1.4 trillion shillings ($1.07 billion) last year, its chief executive said on Friday. The bank expects pretax profits similar to last year's 70.9 billion
Published 30 Aug, 2009 12:00am
New York cocoa futures lower after slide

New York cocoa futures lower after slide

US cocoa futures closed quietly lower on Friday, consolidating in quiet dealings with pressure from weak chart-based indicators following Thursday's 6.5 percent fall, traders said. Benchmark December cocoa on ICE Futures US fell $22 to close at $2,799 per
Published 30 Aug, 2009 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 30 Aug, 2009 12:00am
Indo-Pak ties: some 'elements' hinder improvement, says Singh

Indo-Pak ties: some 'elements' hinder improvement, says Singh

Indian Prime Minister Manmohan Singh on Saturday rejected claims that India's 1998 nuclear tests were not successful, a news report said. "A wrong impression has been given by some scientists which is needless. Former president APJ Abdul Kalam has clarifi
Published 30 Aug, 2009 12:00am
The Year at a Glance

The Year at a Glance

Shauka Khanum Memorial Cancer Hospital and Research Center has continued to function and provide care as envisioned by its mission, which has been to provide state of the art cancer care, irrespective of the ability to pay and to pursue education and rese
Published 30 Aug, 2009 12:00am
Indo-Pak ties: some 'elements' hinder improvement, says Singh

Indo-Pak ties: some 'elements' hinder improvement, says Singh

Indian Prime Minister Manmohan Singh on Saturday rejected claims that India's 1998 nuclear tests were not successful, a news report said. "A wrong impression has been given by some scientists which is needless. Former president APJ Abdul Kalam has clarifi
Published 30 Aug, 2009 12:00am
Awards Certifications and Affiliation

Awards Certifications and Affiliation

Award from World Health Organization (WHO) SKMCH&RC was presented the World Health Organization's UAE Foundation Prize for 'Outstanding work in health development that has already been accomplished and that has extended far beyond the call of normal dutie
Published 30 Aug, 2009 12:00am
AEW Europe sees window closing for UK property buys

AEW Europe sees window closing for UK property buys

AEW Europe, one of the region's largest property investors, sees the window of opportunity to make UK acquisitions closing, and plans to shift focus to the continent when prices fall further, its chief executive said. AEW Europe, which manages 17 billion
Published 30 Aug, 2009 12:00am
AEW Europe sees window closing for UK property buys

AEW Europe sees window closing for UK property buys

AEW Europe, one of the region's largest property investors, sees the window of opportunity to make UK acquisitions closing, and plans to shift focus to the continent when prices fall further, its chief executive said. AEW Europe, which manages 17 billion
Published 30 Aug, 2009 12:00am
US faces smaller, smarter enemy in Afghanistan

US faces smaller, smarter enemy in Afghanistan

After three tours in Iraq, US Marine Sgt. Andre Leon was used to brutal shootouts with enemy fighters and expected more of the same in Afghanistan. Instead, what he's seen so far are anonymous attacks in the form of mines and roadside bombings _ the mark
Published 30 Aug, 2009 12:00am
US copper futures sharply higher

US copper futures sharply higher

US copper futures surged to prices unseen in 11-months after robust US consumer spending data suggested demand for the metal might increase, then closed off that peak at still-lofty levels as many players squared their books at month's end, analysts said.
Published 30 Aug, 2009 12:00am
Sudan wraps up deals over contested oil blocs

Sudan wraps up deals over contested oil blocs

Sudan said this week it had finalised settlements on two disputed oil blocs in its strife-torn south as it seeks to reconcile agreements made by both the Khartoum government and former southern rebels. Some foreign firms have withdrawn after finding conce
Published 30 Aug, 2009 12:00am
US gold climbs

US gold climbs

US gold futures rallied to a three-week high on Friday, gaining 1 percent as recent signs of economic recovery boosted the metal as a hedge against rising inflation in the longer term. December gold settled up $11.50, or 1.2 percent, at $958.80 an ounce o
Published 30 Aug, 2009 12:00am
Sudan wraps up deals over contested oil blocs

Sudan wraps up deals over contested oil blocs

Sudan said this week it had finalised settlements on two disputed oil blocs in its strife-torn south as it seeks to reconcile agreements made by both the Khartoum government and former southern rebels. Some foreign firms have withdrawn after finding conce
Published 30 Aug, 2009 12:00am
Italy''s DMT not for sale, eyeing tower business

Italy''s DMT not for sale, eyeing tower business

Digital Multimedia Technologies, an Italian communications infrastructure group, is not for sale and is considering acquisitions to expand its core transmission tower business, Chairman and CEO Alessandro Falciai told Reuters. "We might start thinking abo
Published 30 Aug, 2009 12:00am
Obama hails Kennedy as 'greatest legislator'

Obama hails Kennedy as 'greatest legislator'

President Barack Obama hailed Senator Edward Kennedy as the "greatest legislator of our time" at the funeral on Saturday of the towering politician and patriarch of the pre-eminent American political dynasty. Former presidents, senators and representative
Published 30 Aug, 2009 12:00am
Brazil sugar: record exports put shipping capacity to test

Brazil sugar: record exports put shipping capacity to test

Huge quantities of sugar exports are leading port terminals in Brazil's center-south to work at close to full capacity, which could delay future shipments, traders and analysts said on Friday. Strong activity at ports, however, should not reduce total exp
Published 30 Aug, 2009 12:00am
US faces smaller, smarter enemy in Afghanistan

US faces smaller, smarter enemy in Afghanistan

After three tours in Iraq, US Marine Sgt. Andre Leon was used to brutal shootouts with enemy fighters and expected more of the same in Afghanistan. Instead, what he's seen so far are anonymous attacks in the form of mines and roadside bombings _ the mark
Published 30 Aug, 2009 12:00am
US rice rallies

US rice rallies

US rice futures on the Chicago Board of Trade rallied late Friday, with new-crop November touching the 50-cent daily limit on fears that a cool weekend in key crop areas like Arkansas will hurt yields, traders said. Crop maturity in top rice state of Arka
Published 30 Aug, 2009 12:00am
Sudan wraps up deals over contested oil blocs

Sudan wraps up deals over contested oil blocs

Sudan said this week it had finalised settlements on two disputed oil blocs in its strife-torn south as it seeks to reconcile agreements made by both the Khartoum government and former southern rebels. Some foreign firms have withdrawn after finding conce
Published 30 Aug, 2009 12:00am
Australia's wheat region may not get enough rain

Australia's wheat region may not get enough rain

Predicted rains over parts of eastern Australia may not be enough to fully salvage the wheat crop as persistent drier-than-normal weather threatens yields in the region, meteorologists and analysts said on Friday. But lack of rains in northern New South W
Published 30 Aug, 2009 12:00am
Hardline Tehran prosecutor is dismissed

Hardline Tehran prosecutor is dismissed

Hardline Tehran Prosecutor Saeid Mortazavi was dismissed Saturday by the new Iranian chief judge, the labour news agency ILNA reported.Chief judge Sadeq Amoli-Larijani replaced Mortazavi with Abbas Jafar Dowlatbadi, ILNA reported. Mortazavi was one of the
Published 30 Aug, 2009 12:00am
Soya surges on tight stocks

Soya surges on tight stocks

US soybean futures rose nearly 2.5 percent in early trading at the Chicago Board of Trade on Friday as competition heated up to buy limited supplies ahead of harvest, traders said. Tight supplies in the United States, the world's top soy grower and export
Published 30 Aug, 2009 12:00am
Obama hails Kennedy as 'greatest legislator'

Obama hails Kennedy as 'greatest legislator'

President Barack Obama hailed Senator Edward Kennedy as the "greatest legislator of our time" at the funeral on Saturday of the towering politician and patriarch of the pre-eminent American political dynasty. Former presidents, senators and representative
Published 30 Aug, 2009 12:00am
Brazil coffee: trade quiet as market awaits government action

Brazil coffee: trade quiet as market awaits government action

Physical trade in Brazil's coffee market remained quiet this week amid expectations the government would soon announce acquisitions to build up public coffee stocks, traders said. Brazil's government is mulling more purchases of beans from farmers after c
Published 30 Aug, 2009 12:00am
Hardline Tehran prosecutor is dismissed

Hardline Tehran prosecutor is dismissed

Hardline Tehran Prosecutor Saeid Mortazavi was dismissed Saturday by the new Iranian chief judge, the labour news agency ILNA reported.Chief judge Sadeq Amoli-Larijani replaced Mortazavi with Abbas Jafar Dowlatbadi, ILNA reported. Mortazavi was one of the
Published 30 Aug, 2009 12:00am
New York coffee higher

New York coffee higher

Arabica coffee futures consolidated to settle higher Friday, paring earlier gains but moving rangebound in thin dealings as roasters bought on the way down, traders said. The December coffee contract rose 0.95 cent to close at $1.2230 a lb. Session range
Published 30 Aug, 2009 12:00am
Methanol fuel cell startup eyes hybrid market

Methanol fuel cell startup eyes hybrid market

A fast-growing Silicon Valley start-up firm is aiming to put its methanol-based fuel cells in electric vehicles and plug-in hybrid cars. Oorja Protonics, which sells its fuel cells to Nissan Motor Co, is working to have a product that can be used as a ran
Published 30 Aug, 2009 12:00am
World market price for upland cotton

World market price for upland cotton

The US Agriculture Department (USDA) set the prevailing world market price for upland cotton at 46.13 cents per lbs, effective through September 3. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The ne
Published 30 Aug, 2009 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (August 29, 2009).

Published 30 Aug, 2009 12:00am
AJK exporters demand withdrawal of taxes, duties on imports

AJK exporters demand withdrawal of taxes, duties on imports

The manufacturers-cum-exporters of Azad Jammu and Kashmir (AJK) have demanded of Pakistan government to withdraw all taxes and duties, and allow transit facility on import of its goods, owing to the unfriendly policies of the Federal Board of Revenue (FBR
Published 30 Aug, 2009 12:00am
Growth of aviation industry depends on new policy: CAA

Growth of aviation industry depends on new policy: CAA

Air Cdre. Junaid Ameen (Retd), Director General CAA has said that new aviation policy still awaits the approval of the government and once it is finalised, there will be an increase in the number of airlines, which could help the aviation industry to grow
Published 30 Aug, 2009 12:00am
Prime Minister awards Rs 100,000 to Iqra Ejaz

Prime Minister awards Rs 100,000 to Iqra Ejaz

Prime Minister Syed Yusuf Raza Gilani issues a cheque of Rs 100,000 for books and other course material to Iqra Ejaz, who stood first in Intermediate exam in the Federal Board of Intermediate and Secondary Education and recently got admission in Ghulam Is
Published 30 Aug, 2009 12:00am
Prime Minister asks Slic to play role in provision of health facilities

Prime Minister asks Slic to play role in provision of health facilities

Prime Minister Yousuf Raza Gilani on Saturday asked the State Life Insurance Corporation (Slic) to play its role in provision of health facilities to poor and down-trodden under the Benazir Income Support Programme (BISP). The State Life should extend its
Published 30 Aug, 2009 12:00am
Prime Minister asks Slic to play role in provision of health facilities

Prime Minister asks Slic to play role in provision of health facilities

Prime Minister Yousuf Raza Gilani on Saturday asked the State Life Insurance Corporation (Slic) to play its role in provision of health facilities to poor and down-trodden under the Benazir Income Support Programme (BISP). The State Life should extend its
Published 30 Aug, 2009 12:00am
KASB organises seminars on capital markets

KASB organises seminars on capital markets

The KASB Group - a leader in the financial services sector, organised a series of seminars titled 'Capital Markets - Opportunities Unlimited' in Multan, Faisalabad and Sialkot to highlight various investment opportunities available in the Capital Market a
Published 30 Aug, 2009 12:00am
BHC seeks report about vehicle license issuing procedures

BHC seeks report about vehicle license issuing procedures

A signal bench of Balochistan High Court on Saturday sought report from the SSP Traffic Quetta about procedures of issuance of licenses for LTV and HTV and to explain whether any test or interviews were being conducted before issuing the licenses.
Published 30 Aug, 2009 12:00am
KASB organises seminars on capital markets

KASB organises seminars on capital markets

The KASB Group - a leader in the financial services sector, organised a series of seminars titled 'Capital Markets - Opportunities Unlimited' in Multan, Faisalabad and Sialkot to highlight various investment opportunities available in the Capital Market a
Published 30 Aug, 2009 12:00am
Pepco concerned over sabotage of NTDC's transmission lines in NWFP

Pepco concerned over sabotage of NTDC's transmission lines in NWFP

The Pakistan Electric Power Company (Pepco) has expressed concern over the sabotage activities on NTDC's transmission lines in NWFP, which are increasing with every passing day. In a recent sabotage activity, Pepco spokesman said, seven pylons of four hea
Published 30 Aug, 2009 12:00am
Modern hospital to be set up in Swat: Shahbaz

Modern hospital to be set up in Swat: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that a modern hospital would also be set up in Swat for the provision of latest medical facilities to the affectees and it would be a gift from the people of Punjab for their NWFP brethren. He express
Published 30 Aug, 2009 12:00am
New buses to reach Lahore by September end

New buses to reach Lahore by September end

Punjab Provincial Transport Department Punjab is striving to bring in new buses for induction on urban routes of Lahore and other big cities and simultaneously making all-out efforts to streamline/update the urban transport system and to maintain transpar
Published 30 Aug, 2009 12:00am
LHC's 4DBs, 12 SBs for next week

LHC's 4DBs, 12 SBs for next week

Chief Justice Lahore High Court has constituted four division benches and twelve single benches for disposal of cases pending with the LHC at principal seat for the next week. According to a notification issued here division Chief Justice Khawaja Muhammad
Published 30 Aug, 2009 12:00am
25 CLEWs completed six-day advance course

25 CLEWs completed six-day advance course

A group of 25 community livestock extension workers (CLEWs) completed a six-day advanced training course in the University of Veterinary and Animal Sciences Lahore under the EU-sponsored strengthening of Livestock Services Project (SLSP) Punjab.
Published 30 Aug, 2009 12:00am
PIAF voices concern over proposal to raise oil prices

PIAF voices concern over proposal to raise oil prices

Pakistan Industrial and Traders Associations Front (PIAF) has expressed its grave concern over the Oil and Gas Regulatory Authority (OGRA) for submitting a summary to the government, recommending an increase of Rs 5-6 per litre in oil prices. Presently, t
Published 30 Aug, 2009 12:00am
Fiscal discipline, good governance must to avoid financial crisis

Fiscal discipline, good governance must to avoid financial crisis

Pakistan Muslim League-Nawaz (PML-N) believes that ensuring fiscal discipline and good governance were pre-requisite to strengthen the country's economy. Sources in the PML-N told Business Recorder, here on Saturday that the PML-N had asked the Pakistan P
Published 30 Aug, 2009 12:00am
Jama'at-e-Islami leader warns against proposed raise in POL prices

Jama'at-e-Islami leader warns against proposed raise in POL prices

Secretary General of Jama'at-e-Islami, Pakistan, Liaquat Baloch, has warned the rulers of the public reaction in case prices of petroleum are increased. In a statement issued here on Saturday, he said according to reports, the Oil and Gas Regulatory Autho
Published 30 Aug, 2009 12:00am
'Aabaya' must for women during Hajj

'Aabaya' must for women during Hajj

Intending female pilgrims have been advised to wear 'aabaya' during their stay in Saudi Arabia for performing Hajj this year. According to an official here on Saturday, Saudi government has declared 'aabaya' as an essential part of women's daily dress and
Published 30 Aug, 2009 12:00am
North Korea's talk offer is dilemma for Obama

North Korea's talk offer is dilemma for Obama

After being portrayed for years as a hermetic villain with nuclear ambitions, it is North Korea that wants to talk. And it is the Obama administration, a champion of engaging adversaries, that does not. By insisting that it will not deal one-on-one with t
Published 30 Aug, 2009 12:00am
Outrage over Senegalese monument reaches new heights

Outrage over Senegalese monument reaches new heights

On a hill overlooking the Senegalese capital, a North Korean company is close to completing a giant statue that is as controversial as it is high. The bronze work - which at 50 metres (164 feet) stands four metres taller than the Statue of Liberty - depic
Published 30 Aug, 2009 12:00am
Ramazan thunder keeps ritual alive in the Holy City

Ramazan thunder keeps ritual alive in the Holy City

As the sun sets over the Holy City, Rajai Sandouka lights a fuse and steps away from his rusty 1918 cannon. A blast marks the end of the day's Ramazan fast in a ritual that dates back to Ottoman times. Sandouka, a 48-year-old actor and puppeteer, takes pr
Published 30 Aug, 2009 12:00am
Vienna's UN seat marks 30th birthday

Vienna's UN seat marks 30th birthday

Officially, Austria celebrates 30 years of Vienna as one of the seats of the United Nations this week, but the international organisation is still not highly visible in this small country, more focused on Europe than on global issues. "I didn't know which
Published 30 Aug, 2009 12:00am
Proceedings against Musharraf

Proceedings against Musharraf

From press reports, it appears that Zardari is not in favour of initiating any legal proceeding against Musharraf, under Article 6 of our constitution, although he says that whatever decision Parliament takes in this regard, he would honour it, in letter
Published 30 Aug, 2009 12:00am
Balochistan mess will soon be over

Balochistan mess will soon be over

Despite the bleak picture drawn by a former ambassador in one of his articles, in a leading newspaper, things are not that bad in Balochistan. No doubt, the scale of grievances is high and the sense of deprivation is quite pronounced, but all that doesn't
Published 30 Aug, 2009 12:00am
Solving energy crisis

Solving energy crisis

Energy provides personal comfort and mobility to people, and is essential for the generation of industrial, commercial and societal wealth. Energy is one of the important prerequisites for the economic development of any country. It has a dual role ie it
Published 30 Aug, 2009 12:00am
MoU on river fisheries

MoU on river fisheries

According to a news report with Guangzhou dateline, Pakistan and China, on Monday, signed a Memorandum of Understanding (MoU) to promote co-operation in river fisheries and related technologies in the presence of President Asif Ali Zardari.
Published 30 Aug, 2009 12:00am
Water woes

Water woes

The world is going to face water scarcity in the future, but Pakistan's position would be more precarious in this respect. According to a book authored by Michael Kugelman, an associate with the Asia Programme at the Woodrow Wilson International Centre fo
Published 30 Aug, 2009 12:00am
Site Town officials harassing fair price shops

Site Town officials harassing fair price shops

Fair price shops established by industrialists to provide relief to the customers, are being harassed by Site Town officials on the pretext of checking price lists. Tajammul Hussain Chishti, Executive Director, Naurus (Pvt) Ltd in a letter sent to the Sin
Published 30 Aug, 2009 12:00am
KSE extends trading suspension of eight companies

KSE extends trading suspension of eight companies

The Karachi Stock Exchange (KSE) has extended the suspension period of eight companies for another 60 days for not removing the cause of suspension. According to KSE, the action has been taken to protect the interest of trade and public. They are Prudenti
Published 30 Aug, 2009 12:00am
Water supply to Site stopped

Water supply to Site stopped

The Karachi Water and Sewerage Board (KW&SB) has stopped supply of its share of water to Site, Karachi, and Site, Super Highway. The requirement of Site SITE Limited is 40 MGD daily of which KW&SB supplies 8 MGD, which comes to about one-third of the dail
Published 30 Aug, 2009 12:00am
Minister pays surprise visit to Hyderabad markets

Minister pays surprise visit to Hyderabad markets

The Sindh Minister for Fisheries Zahid Ali Bhurgri, along with DCO Hyderabad Aftab Ahmed Khatri, EDO Syed Barkat Rizvi (Retd) and Revenue officers, paid surprise visits of different markets of Hyderabad district and got first hand information about the su
Published 30 Aug, 2009 12:00am
ACCA awards Silver approved employer status to CMPak Limited

ACCA awards Silver approved employer status to CMPak Limited

ACCA Pakistan awarded CMPak Limited with Silver Approved Employer status in recognition of their high standards of staff training and development. This award symbolises their achievement of attaining best practice standards relating to the support of ACCA
Published 30 Aug, 2009 12:00am
FBR examining new customs clearance system -'Asycuda'

FBR examining new customs clearance system -'Asycuda'

The Federal Board of Revenue (FBR) is examining a new customs clearance system ie 'Asycuda' for implementation in the country. Director General, Information Management System (IMS) Wing of the FBR, Zafar Siddiqi and Asycuda officials have started exchange
Published 30 Aug, 2009 12:00am
Industrialists oppose proposed two weekly holidays

Industrialists oppose proposed two weekly holidays

Former Chairman, Korangi Association of Trade and Industry (KATI), S. M. Nasir has opposed proposed two weekly holidays. Talking to newsmen, he said that Pakistan already facing serious economic and power crises which was adversely effecting industrial pr
Published 30 Aug, 2009 12:00am
Seminar on withholding sales tax organised

Seminar on withholding sales tax organised

A successful seminar on Withholding Sales Tax was organised by ICMAP Karachi Branch Council, in association with Professional Accountants Forum, where Asif Kasbati - FCA, FCMA and LLb (Director Tax Services of Messrs A. F. Ferguson & Co) gave a very infor
Published 30 Aug, 2009 12:00am
Business community asked to take part in Bachat Bazaars

Business community asked to take part in Bachat Bazaars

The DCO Hyderabad, Aftab Ahmed Khatri has called upon the industrialists, traders and Merchant Association of Hyderabad to come forward and to take their active part by participating in the Bachat Bazaars. These Bazaars have been established by the Distri
Published 30 Aug, 2009 12:00am
Kashmiri expatriates' role in AJK's uplift stressed

Kashmiri expatriates' role in AJK's uplift stressed

The Azad Jammu & Kashmir (AJK) President Raja Zulqarnain Khan has called upon the Britain-based Pakistani and Kashmiri expatriates to perform their due role for the speedy socio-economic development of the country. While talking to a delegation of Britain
Published 30 Aug, 2009 12:00am
Problems of blind persons to be solved: SBP Governor

Problems of blind persons to be solved: SBP Governor

State Bank of Pakistan Governor Salim Raza on Saturday assured a delegation of Pakistan Association of the Blind (PAB) that their genuine grievances relating to the banking industry would be resolved. He gave this assurance to a three-member delegation of
Published 30 Aug, 2009 12:00am
Death anniversary of Pervez Mehdi observed

Death anniversary of Pervez Mehdi observed

The fourth death anniversary of renowned ghazal singer Pervez Mehdi was observed across the country. He was born in 1947 in Lahore and died on August 29, 2005. His real name was Pervez Akhtar. His first break was through Radio Pakistan in 1968. Mehdi Hass
Published 30 Aug, 2009 12:00am
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