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Print - 2010-01-21
Platinum retreats in Europe

Platinum retreats in Europe

Platinum prices retreated on Wednesday, falling from earlier 17-month highs of $1,654, with positive sentiment from the recent launch of new exchange-traded funds overrun by a resurgent dollar. Gold prices also buckled, pressured by unfavourable currency
Published 21 Jan, 2010 12:00am
US MIDDAY: sugar, coffee and cocoa drop

US MIDDAY: sugar, coffee and cocoa drop

Summaries of the ICE Futures US cocoa, coffee and sugar markets during early trade on Wednesday. March arabica coffee contract dropped 2.00 cents to $1.3890 per lb at 10:56 am EST (1556 GMT). Session range from $1.3850 to $1.4050. March raw sugar contract
Published 21 Jan, 2010 12:00am
US MIDDAY: wheat plunges

US MIDDAY: wheat plunges

Wheat futures fell to their lowest level in 14 weeks in early trading at the Chicago Board of Trade on Wednesday on pressure from a firm dollar and plentiful global supplies, traders said. Minneapolis Grain Exchange and Kansas City Board of Trade wheat fu
Published 21 Jan, 2010 12:00am
US MIDDAY: soya and corn tumble

US MIDDAY: soya and corn tumble

Soyabean and corn futures on the Chicago Board of Trade tumbled early on Wednesday, under pressure from a resurgent dollar and ideas of a slowdown in China's economy, traders said. Banking authorities in China, the world's largest soy buyer, instructed so
Published 21 Jan, 2010 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

US copper futures fell 2.4 percent early on Wednesday, pressured by worries about demand after top consumer China took more measures to tighten monetary policy, although analysts said strong data later this week could build momentum in the market.
Published 21 Jan, 2010 12:00am
US MIDDAY: gold hits two-week low

US MIDDAY: gold hits two-week low

US gold futures hit a two-week low early on Wednesday, losing 2.5 percent as a sharp rally in the dollar dampened bullion's investment appeal as a hedge against paper currency depreciation. Gold for February delivery down $27.70, or 2.4 percent, at $1,112
Published 21 Jan, 2010 12:00am
Quality education of international standard be imparted to youth: CNS

Quality education of international standard be imparted to youth: CNS

The Chief of Naval Staff (CNS), Admiral Noman Bashir, has underscored the need of investing in country's youth by providing them opportunities of quality education of international standards and groom them to understand diversity of the global environment
Published 21 Jan, 2010 12:00am
PGJDC organises two training courses

PGJDC organises two training courses

Pakistan Gems and Jewellery Development Company (PGJDC) has arranged two training courses at its Gems and Jewellery Training and Manufacturing Centre (GJTMC) here. The month-long training course on `Manual Jewellery Designing' commenced on Wednesday and w
Published 21 Jan, 2010 12:00am
Meeting on 'Mangroves for the future' held

Meeting on 'Mangroves for the future' held

The National Co-ordination Body of 'Mangroves For the Future' - a South Asian initiative started in the aftermath of the 2004 Tsunami - was held here at the IUCN Pakistan Country Office.
Published 21 Jan, 2010 12:00am
President inaugurates bridge over Sutlej; optic fibre internet link

President inaugurates bridge over Sutlej; optic fibre internet link

President Asif Ali Zardari on Wednesday inaugurated the Rs 1.08 billion bridge over River Sutlej and optic fibre broadband internet link for southern Punjab. The President who was scheduled to travel to Minchanabad had to cancel his trip owing to heavy fo
Published 21 Jan, 2010 12:00am
Aafia rejects witness's claim

Aafia rejects witness's claim

Aafia Siddiqui on Tuesday called the prosecution's first witness a liar at her alleged murder attempt trial in a federal court when he testified that the Pakistani neuroscientist was arrested with a hand-written note outlining plans to attack some of New
Published 21 Jan, 2010 12:00am
NRO, CoD non-issues in prevailing situation: Sami

NRO, CoD non-issues in prevailing situation: Sami

"We are supporters of Taliban and we oppose the war against terror in Pakistan" said Maulana Sami-ul-Haq Chief of his faction of Jamiat Ulema-i-Islam while addressing a press conference here on Wednesday. He asked whether Richard Holbrooke is a viceroy of
Published 21 Jan, 2010 12:00am
'Swiss-Pak Business Council playing significant role'

'Swiss-Pak Business Council playing significant role'

Deputy Head of Mission, Swiss Embassy to Pakistan Nicolas Platiner has said that Swiss-Pak Business Council is playing a very significant role in boosting up the bilateral trade between Switzerland and Pakistan. Addressing the members of Sialkot Chamber o
Published 21 Jan, 2010 12:00am
Country's security, integrity main issues, not NRO: Fazl

Country's security, integrity main issues, not NRO: Fazl

Central Ameer JUI-F and Chairman National Assembly Standing Committee on Kashmir Affairs, Maulana Fazal-ur-Rehman has said that country needs an independent but not unleashed judiciary and Judiciary should avoid misusing its powers by taking suo motu acti
Published 21 Jan, 2010 12:00am
DCO directed to launch dues recovery drive

DCO directed to launch dues recovery drive

DCO Saeed Wahlah has directed to launch a comprehensive recovery campaign for collecting the government dues and in this regard special teams of revenue department should be constituted for taking actions against the chronic defaulters of government arrea
Published 21 Jan, 2010 12:00am
Sasti Roti scheme: 20,000 tandoors being set up

Sasti Roti scheme: 20,000 tandoors being set up

Co-ordinator for "Sasti Roti" programme of Chief Minister Punjab, Rao Tahir Musharraf has said that 20,000 tandoors are being established, part of comprehensive plan, to ensure the provision of cheap and quality loaf to people and to stop the theft of flo
Published 21 Jan, 2010 12:00am
Strike call fizzled out: traders

Strike call fizzled out: traders

Markazi Anjuman Tajiran South Punjab, Multan Tajir Ittehad, Anjuman Tajiran Cantonment, Wholesale Cloth Merchants Chungi No 14, Computers Dealers Association, Wholesale Chemists and Druggists and more than a dozen other traders organisations claimed that
Published 21 Jan, 2010 12:00am
Fata parliamentarians meet Governor

Fata parliamentarians meet Governor

A five member delegation of elected representatives from Fata called on the NWFP Governor Owais Ahmed Ghani here on Wednesday and discussed with him over law and order situation in the tribal areas and well being of its people. The delegation was consiste
Published 21 Jan, 2010 12:00am
Transparency in PIA

Transparency in PIA

This is with reference to reports about the visit to the PIA head office by head of Transparency International, chapter of Pakistan. Transparency in procurement deals can only be ensured if the procedures laid down are followed in letter and spirit and a
Published 21 Jan, 2010 12:00am
UN mourns largest ever loss in peace missions

UN mourns largest ever loss in peace missions

The United Nations mourned on Tuesday all those killed by the strong earthquake in Haiti, but it was the high number of peacekeepers killed that hit closest to home. In a somber ceremony at UN headquarters in New York, a minute of silence was held in the
Published 21 Jan, 2010 12:00am
Spectre of food prices haunts India's reform agenda

Spectre of food prices haunts India's reform agenda

For a barometer of India's appetite for economic reform, look no further than the lowly lentil. This mainstay of the Indian diet has jumped in price by 42 percent in the last year as food inflation hits an 11-year high, giving government populists worried
Published 21 Jan, 2010 12:00am
Viewpoint: Blair's faith and war

Viewpoint: Blair's faith and war

Creditably for them, the British people have not given up trying to find out if the reason former prime minister Tony Blair took them into the Iraq war was what he said it was or had he lied to them. They thought the Butler and Hutton inquiries were unsat
Published 21 Jan, 2010 12:00am
Pakistan, Afghanistan and Iran: the trilateral cooperation

Pakistan, Afghanistan and Iran: the trilateral cooperation

In a highly significant move, Pakistan, Iran and Afghanistan have affirmed that their co-operation is vital to peace and stability, not only in Afghanistan but also in the region. They also made it clear that any regional arrangement for resolving the Afg
Published 21 Jan, 2010 12:00am
Supreme Court's detailed judgement

Supreme Court's detailed judgement

The Supreme Court, in its short judgement on December 16, 2009, had struck down the National Reconciliation Ordinance (NRO) declaring it void ab initio and ultra vires of the Constitution, thereby reviving all cases and reversing acquittals of its benefic
Published 21 Jan, 2010 12:00am
Conservation, preservation of Khudabad Masjid start

Conservation, preservation of Khudabad Masjid start

Conservation and preservation of historical Khudabad Masjid has been started on the directives of Sassui Palijo, Sindh Minister for Culture. The Khudabad Masjid, built by Mian Yar Mohammad Kalhoro, first ruler of Kalhora dynasty in 18th century, was in di
Published 21 Jan, 2010 12:00am
'Saarc preparing list of goods to be traded duty-free'

'Saarc preparing list of goods to be traded duty-free'

Chairman Businessmen Panel and former president SAARC chamber of commerce Tariq Sayeed informed the business community that SAARC chamber is preparing a list of items to be traded between member countries of the chamber duty free. Speaking at a dinner rec
Published 21 Jan, 2010 12:00am
Power generation through coal-fired units urged

Power generation through coal-fired units urged

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to adopt cheaper means of electricity generation as thermal power would hardly be serving the purpose of economic turnaround at this point in time.
Published 21 Jan, 2010 12:00am
Punjab University to publish low-price books: vice chancellor

Punjab University to publish low-price books: vice chancellor

Punjab University Vice-Chancellor Professor Dr Mujahid Kamran has said that in view of the ever increasing prices of books, the Punjab University is actively considering to publish low price books on a variety of subjects, through the University Printing
Published 21 Jan, 2010 12:00am
Wasa recovers Rs four million dues from defaulters

Wasa recovers Rs four million dues from defaulters

Water and Sanitation Agency (Wasa)'s revenue wing has recovered Rs 4 million outstanding dues and disconnected 500 defaulter's water connection during the last four days of recovery campaign. According to a Wasa's spokesman here on Wednesday, the Wasa MD
Published 21 Jan, 2010 12:00am
LES organises YLES 2010

LES organises YLES 2010

The most interesting event on the second day of Young Leaders and Entrepreneurial Summit (YLES) 2010 was Play-IT Technical Workshop, which evaluates the marketing capabilities of the young entrepreneurs by asking them to build advertising campaign on the
Published 21 Jan, 2010 12:00am
PML-Q slams policies of Punjab government

PML-Q slams policies of Punjab government

The parliamentary party of Pakistan Muslim League-Q in the Punjab Assembly on Wednesday slammed the policies of the Punjab government, terming them as anti-people, and announced to raise public issues, including water shortage, non-distribution of Zakat a
Published 21 Jan, 2010 12:00am
'Islamic economic system can help meet challenges'

'Islamic economic system can help meet challenges'

The Vice President of Saarc Chamber of Commerce & Industry (Saarc CCI) and former President of FPCCI Iftikhar Ali Malik has said that adoption of Islamic economic system can help country get rid of multiple internal and external challenges. He was talking
Published 21 Jan, 2010 12:00am
Private sector allowed to import 0.75 million tons of white sugar

Private sector allowed to import 0.75 million tons of white sugar

The federal government has allowed private sector to import 0.75 million tons of white sugar on first-cum-first-served basis with the incentive of sales tax and excise duty waiver provided the sugar reaches the country before 1st of June 2010, positively.
Published 21 Jan, 2010 12:00am
Case against SHO: suo motu proceedings disposed of

Case against SHO: suo motu proceedings disposed of

The Lahore High Court while disposing of a suo motu proceedings on a letter from one Malik Tabarak Hussain has directed SSP Rawalpindi to register a case against the respondents on the request of the applicant. The applicant had written a letter to Chief
Published 21 Jan, 2010 12:00am
Finance releases 22 percent funds under PSDP

Finance releases 22 percent funds under PSDP

Finance Ministry released up to 22 percent funds out of total allocation under Public Sector Development Programme (PSDP) to two ministries-Railways and Information Technology and Telecom in the first half (July-December 2009) of the current financial yea
Published 21 Jan, 2010 12:00am
Indus Basin shrinking at an alarming rate

Indus Basin shrinking at an alarming rate

The water scarcity is a cause of concern for the enormous size of Indus Basin system as its availability is declining at an alarming rate from about 5,000 cubic meters per capita in 1951 to about 1,100 per person currently. The recent World Bank report su
Published 21 Jan, 2010 12:00am
Pesco registers 115 power theft cases

Pesco registers 115 power theft cases

Area Manager Operation (AMO) Chamkani Sub-Division detect 115 electricity stealing cases and registered FIRs in local Police Station against electricity stealers. Pesco has initiated drive against illegal use of electricity and in this regard the chief ex
Published 21 Jan, 2010 12:00am
Transporters fleecing commuters on pretext of gas loadshedding

Transporters fleecing commuters on pretext of gas loadshedding

The transporters plying CNG-fitted vans on long routes in NWFP are exploiting commuters in the name of the gas load management in the country. More than 70 percent Hiace vans plying on long routes particularly those carrying service on Peshawar-Swat, Pesh
Published 21 Jan, 2010 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 21 Jan, 2010 12:00am
Foolproof security for media offices, Press Club ordered

Foolproof security for media offices, Press Club ordered

Capital City Police Officer (CCPO), Muhammad Pervez Rathore has ordered foolproof security arrangements for media offices, Press Club and all other important buildings in the provincial metropolis. He said that Lahore Police should remain high alert to fa
Published 21 Jan, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (January 20, 2010).

Published 21 Jan, 2010 12:00am
Eight police stations to be set up in Rawalpindi: CPO

Eight police stations to be set up in Rawalpindi: CPO

City Police Officer (CPO) Rao Muhammad Iqbal Khan said on Wednesday that eight new police stations would be set up in Rawalpindi district besides building more check-posts at different locations. Talking to newsmen here, he said that new buildings of poli
Published 21 Jan, 2010 12:00am
The Weather

The Weather

The weather report on Wednesday (January 20, 2010) and the forecast for Thursday (January 21, 2010).

Published 21 Jan, 2010 12:00am
UHS to organise international symposium in March

UHS to organise international symposium in March

With a view to promoting revision and innovation in medical education in Punjab, the University of Health Sciences (UHS) is organising a three-day International symposium on medical education from March 29, for faculty and students of the affiliated medic
Published 21 Jan, 2010 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 21 Jan, 2010 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 21 Jan, 2010 12:00am
Kati seeks government's clarification over ADB claim

Kati seeks government's clarification over ADB claim

The trade and industry has sharply reacted over the audit report by Asian Development Bank (ADB) claiming that electricity in Pakistan would get dearer by 43 percent due to Rental Power Plants (RPPs).
Published 21 Jan, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 20, 2010).

Published 21 Jan, 2010 12:00am
Rs 2,286 million being spent on free hepatitis treatment

Rs 2,286 million being spent on free hepatitis treatment

Under the directions of Chief Minister Punjab Muhammad Shahbaz Sharif, Health Department Punjab is being spent Rs 2286 million for the provision of free diagnostic and treatment facilities for Hepatitis. Under this programme, Aliza machines are being inst
Published 21 Jan, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 20, 2010).

Published 21 Jan, 2010 12:00am
Contempt petition: LHC issue notice to RPO

Contempt petition: LHC issue notice to RPO

The Lahore High Court issued notice for January 22 to Regional Police Officer (RPO) Gujranwala in a contempt petition filed by one Muhammad Amine against SHO police station Wandu. The petitioner contended that the court had issued stay orders in a land di
Published 21 Jan, 2010 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (January 20, 2010).

Published 21 Jan, 2010 12:00am
KPT moves to curb environmental hazards of coal terminal

KPT moves to curb environmental hazards of coal terminal

The Karachi Port Trust (KPT) would develop the much-awaited exclusive coal berth and install sprinkles at Karachi Port to overcome environmental problems caused by its coal terminal in Keamari. "In order to overcome environmental problems, KPT is installi
Published 21 Jan, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 20, 2010).

Published 21 Jan, 2010 12:00am
Various PGJDC scheme to face time overrun

Various PGJDC scheme to face time overrun

Various schemes of the Pakistan Gems and Jewellery Development Company (PGJDC) worth Rs 1.4 billion would face time overrun of about 24 months due to delayed and inadequate release of funds, it is learnt. The Planning Commission has recently directed the
Published 21 Jan, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (January 20, 2010) and for Thursday (January 21, 2010).
Published 21 Jan, 2010 12:00am
Workshop on convention of rights of children

Workshop on convention of rights of children

The Secretariat of the Provincial Ombudsman, Sindh, is organising a two-day national seminar and workshop on Convention of Rights of Child's and Children Complaints Office from January 21. An announcement here on Wednesday said that the moot would be held
Published 21 Jan, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 20, 2010).

Published 21 Jan, 2010 12:00am
Energy conservation seminar today

Energy conservation seminar today

The Korangi Association of Trade and Industry (Kati) in order to create awareness among the industries to conserve energy and cut down overheads in their production process scheduled to organise a seminar on energy conservation. The seminar would be held
Published 21 Jan, 2010 12:00am
UBL Fund Managers to offer solutions to Signature

UBL Fund Managers to offer solutions to Signature

UBL Signature, the priority banking business of United Bank Limited (UBL), signed a distribution agreement with UBL Fund Managers, a wholly owned subsidiary of the Bank. Under the agreement, UBL Fund Managers will offer an exclusive range of investment so
Published 21 Jan, 2010 12:00am
UBL Fund Managers to offer solutions to Signature

UBL Fund Managers to offer solutions to Signature

UBL Signature, the priority banking business of United Bank Limited (UBL), signed a distribution agreement with UBL Fund Managers, a wholly owned subsidiary of the Bank. Under the agreement, UBL Fund Managers will offer an exclusive range of investment so
Published 21 Jan, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 20, 2010).

Published 21 Jan, 2010 12:00am
Remittances: NBP sets up help desk

Remittances: NBP sets up help desk

National Bank of Pakistan has inaugurated an exclusive 'help/assistance desk' for handling home remittances-related queries and complaints. The help desk has a toll free No: 0800-62798 and is backed by a dedicated support team, supervised by senior execut
Published 21 Jan, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 20, 2010).

Published 21 Jan, 2010 12:00am
Sugar supply restored to utility stores in Quetta

Sugar supply restored to utility stores in Quetta

First consignment of 1500 tons sugar had been supplied to Quetta based utility stores last day. APP learnt on Wednesday that essential kitchen item sugar was not available at utility stores in Quetta for last two weeks. Utility stores sources maintained s
Published 21 Jan, 2010 12:00am
PRAL accused of opening new avenues of tax evasion, false claims

PRAL accused of opening new avenues of tax evasion, false claims

Pakistan Revenue Automation Ltd (PRAL), instead of contributing towards transparency and enhancement of tax revenue, has opened new avenues for tax evasion and false claims in the Federal Board of Revenue (FBR), according to stakeholders here.
Published 21 Jan, 2010 12:00am
Terrorist attack on MPA condemned

Terrorist attack on MPA condemned

NWFP Governor, Owais Ahmed Ghani has strongly condemned terrorist attack on MPA Aurangzeb Khan through remote control bomb blast device and wished his early recovery. Describing the incident an inhuman and heinous act, the Governor has also expressed earl
Published 21 Jan, 2010 12:00am
THE RUPEE: dollar marginally up

THE RUPEE: dollar marginally up

The rupee failed to come out of the bottom on the local currency market on Wednesday due to slow demand for dollars, dealers said. On the interbank market the rupee shed two paisa versus dollar at 84.62 and 84.67 for buying and selling, they said.
Published 21 Jan, 2010 12:00am
Minister for transparent distribution of Zakat

Minister for transparent distribution of Zakat

NWFP Minister for Zakat, Haji Zarshed Khan Advocate has urged upon the concerned authorities of Zakat department to accelerate their efforts for transparent distribution of Zakat money so as to ensure that the recipients were the deserved people. He was s
Published 21 Jan, 2010 12:00am
THE RUPEE: dollar marginally up

THE RUPEE: dollar marginally up

The rupee failed to come out of the bottom on the local currency market on Wednesday due to slow demand for dollars, dealers said. On the interbank market the rupee shed two paisa versus dollar at 84.62 and 84.67 for buying and selling, they said.
Published 21 Jan, 2010 12:00am
Economic indicators suggest country's economy thriving

Economic indicators suggest country's economy thriving

Despite several challenges including ongoing war on terror, the country's economy is performing well and has been gradually moving towards developing itself on sound and sustainable basis, the economic indicators suggest. Not only the country's foreign ex
Published 21 Jan, 2010 12:00am
Sherpao condemns Ring Road blast

Sherpao condemns Ring Road blast

Chairman PPP-S Aftab Ahmad Khan Sherpao and Provincial President Sikandar Hayat Khan Sherpao have strongly condemned the Ring Road blast wherein MPA Haji Aurangzeb and other people were injured. In a press statement issued here on Wednesday, they expresse
Published 21 Jan, 2010 12:00am
Senate passes Criminal Law (Amendment) Bill amid strong objections

Senate passes Criminal Law (Amendment) Bill amid strong objections

The Upper House of the Parliament on Wednesday passed the Criminal Law (Amendment) Bill, 2009 amid strong objections of the religious parties' lawmakers. The Bill already passed by the Lower House of the parliament in its last session was moved by Law Min
Published 21 Jan, 2010 12:00am
Senate passes Criminal Law (Amendment) Bill amid strong objections

Senate passes Criminal Law (Amendment) Bill amid strong objections

The Upper House of the Parliament on Wednesday passed the Criminal Law (Amendment) Bill, 2009 amid strong objections of the religious parties' lawmakers. The Bill already passed by the Lower House of the parliament in its last session was moved by Law Min
Published 21 Jan, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (January 20, 2010).

Published 21 Jan, 2010 12:00am
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