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Print - 2010-03-27
IBM's Business Plan to fuel entrepreneurial spirit

IBM's Business Plan to fuel entrepreneurial spirit

The IBA Centre for Entrepreneurial Development (CED), along with the IBA Entrepreneurship Society, recently launched its upcoming Business Plan Competition "INVENT-The Entrepreneurial Challenge". The purpose of the exercise, as cited by Director CED, Zafa
Published 27 Mar, 2010 12:00am
KPT capable of accommodating larger vessels

KPT capable of accommodating larger vessels

Intensive dredging in the approach channel of both the East and West Wharf and widening/realignment of the navigational channel enabled the KPT to accommodate considerably larger vessels during the period 2008-10. The KPT achieved the 12-meter draft in Ka
Published 27 Mar, 2010 12:00am
About 80 women being deprived of state granted lands

About 80 women being deprived of state granted lands

Almost 80 helpless women, recipient of state land in Thatta district, are seeking help from President Asif Ali Zardari, Prime Minister Syed Yousuf Raza Gilani and Sindh Chief Minister Syed Qaim Ali Shah to resolve their post land distribution issues so th
Published 27 Mar, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (March 26, 2010).

Published 27 Mar, 2010 12:00am
Police constable seized by Rangers released

Police constable seized by Rangers released

Police constable Khalil, who was abducted by the Rangers, was brought before media here on Friday. SSP Model Town Rana Hayat told media that Rangers officials gave the custody of Khalil to police in the Cantonment Area, Aaj News reported.
Published 27 Mar, 2010 12:00am
High yielding, short duration hybrid, open pollinated Canola seed

High yielding, short duration hybrid, open pollinated Canola seed

Federal and provincial research institutes have agreed to co-ordinate their efforts for developing a high yielding, short duration hybrid and open pollinated Canola seed to increase the per acre yield of the farmer. The decision to this effect was taken a
Published 27 Mar, 2010 12:00am
Violation of Indus Water Treaty: MKM to protest against India

Violation of Indus Water Treaty: MKM to protest against India

President, Muttahida Kasan Mahaz (MKM), Ayub Khan Mayo, has warned that if India did not desist from trampling Indus Basin Water Treaty, MKM along with traders, lawyers, students and civil society would protest on September 19, 2010 on Pak-India border.
Published 27 Mar, 2010 12:00am
Faisalabad industrial sector: three-hour loadshedding decided

Faisalabad industrial sector: three-hour loadshedding decided

Senior Provincial Minister Raja Riaz Ahmed called on Federal Minister for Water and Power Raja Pervaiz Ashraf on Friday and discussed the problem of load shedding in Faisalabad. An official handout said that it was decided in the meeting that in future on
Published 27 Mar, 2010 12:00am
Prime Minister to inaugurate Gujranwala Business Centre today

Prime Minister to inaugurate Gujranwala Business Centre today

Syed Yousuf Raza Gilani, Prime Minister of Pakistan will visit Gujranwala to inaugurate Gujranwala Business Centre (GBC) on Saturday, March 27 (today), Business Recorder learnt on Friday. The PM will be accompanied by a number of high-ranking gover
Published 27 Mar, 2010 12:00am
'Sharing drones technology would change US image'

'Sharing drones technology would change US image'

Foreign minister said Thursday that the United States would improve its public standing if it let Islamabad spearhead drone attacks. Foreign Minister Shah Mehmood Qureshi, in Washington for high-level talks, acknowledged in a CNN interview that drone atta
Published 27 Mar, 2010 12:00am
RTO Karachi task force to step up CVT collection

RTO Karachi task force to step up CVT collection

Regional Tax Office Karachi has formed special task force comprising some 33 teams to enhance the collection of Capital Value Tax (CVT). Sources told Business Recorder on Friday the Federal Board of Revenue has launched a campaign and issued direct
Published 27 Mar, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 26, 2010).

Published 27 Mar, 2010 12:00am
Arrested DSP case: LHC issues notice to IGP

Arrested DSP case: LHC issues notice to IGP

Justice Ijaz Ahmad Chaudhry of Lahore High Court (LHC) here on Friday issued notice to Inspector General of Punjab (IGP) Police, in petition of an arrested DSP Imran Babar Jamil challenging 'judicial inquiry' held by District & Sessions Judge (D&SJ) into
Published 27 Mar, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 26, 2010).
Published 27 Mar, 2010 12:00am
'Awareness campaign for population control to be launched'

'Awareness campaign for population control to be launched'

Minister for Population Welfare Punjab Neelam Jabbar Chaudhry here on Friday said that in order to provide health, education, sanitation, clean drinking water and other civic amenities to every citizen of the country, the rapidly growing population has to
Published 27 Mar, 2010 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (March 26, 2010).

Published 27 Mar, 2010 12:00am
Paper-mill owners cartel: APPMA threatens to go on strike

Paper-mill owners cartel: APPMA threatens to go on strike

All Pakistan Paper Merchants Association Northern Zone has threatened to go on strike if the strict action is not taken by the government against the cartel of paper mill owners. According to the spokesperson of the APPMA North zone, an emergency meeting
Published 27 Mar, 2010 12:00am
Wheat harvesting starts in Rahimyar Khan

Wheat harvesting starts in Rahimyar Khan

The wheat harvesting has been started in riverine areas of the district. DO Agriculture Javed Iqbal told newsmen here on Friday, wheat harvesting in other parts of the district would begin in first week of next month.
Published 27 Mar, 2010 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (March 26, 2010).

Published 27 Mar, 2010 12:00am
Punjab Assembly session today

Punjab Assembly session today

Governor Punjab Salmaan Taseer has on Friday summoned the Provincial Assembly to meet on Saturday at 6pm to take up Value Added Tax (VAT) bill. It was learnt that the session has been called to make legislation on Value Added Tax (VAT) in order to allow t
Published 27 Mar, 2010 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (March 26, 2010).

Published 27 Mar, 2010 12:00am
Holiday in Lahore on account of Urs today

Holiday in Lahore on account of Urs today

A local holiday in the Lahore district will be observed on Saturday (today) on account of annual Urs of Hazrat Madhu Lal Hussain (RA). The holiday will be observed only at the district level and its subordinate offices located in Lahore district. The Punj
Published 27 Mar, 2010 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 26, 2010).

Published 27 Mar, 2010 12:00am
Germany and Switzerland agree new double taxation deal

Germany and Switzerland agree new double taxation deal

Germany and Switzerland on Friday agreed a new double taxation deal that will clarify tax disclosure rules for the Alpine country''s multi-trillion-dollar wealth management industry. The German Finance Ministry said the agreement, details of which would b
Published 27 Mar, 2010 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 27 Mar, 2010 12:00am
Germany and Switzerland agree new double taxation deal

Germany and Switzerland agree new double taxation deal

Germany and Switzerland on Friday agreed a new double taxation deal that will clarify tax disclosure rules for the Alpine country's multi-trillion-dollar wealth management industry. The German Finance Ministry said the agreement, details of which would be
Published 27 Mar, 2010 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 27 Mar, 2010 12:00am
Germany and Switzerland agree new double taxation deal

Germany and Switzerland agree new double taxation deal

Germany and Switzerland on Friday agreed a new double taxation deal that will clarify tax disclosure rules for the Alpine country's multi-trillion-dollar wealth management industry. The German Finance Ministry said the agreement, details of which would be
Published 27 Mar, 2010 12:00am
Wheat target may be missed by two million tons

Wheat target may be missed by two million tons

Pakistan may miss 25 million tons wheat production target by 2 million tons this year due to unfavourable weather, sources in the Ministry of Food and Agriculture told Business Recorder. They said that though Pakistan might miss the target, yet whe
Published 27 Mar, 2010 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 27 Mar, 2010 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 27 Mar, 2010 12:00am
Anomalies in PSC exams: SHC seeks report on April 16

Anomalies in PSC exams: SHC seeks report on April 16

The Sindh High Court (SHC) has directed submission of a detailed report on April 16 about the irregularities in Public Service Commission (PSC) Examinations, held after 2003. A petitioner Muhammad Salim Shaikh, declared fail in the exams by PSC, challenge
Published 27 Mar, 2010 12:00am
Uninformed visit abroad: Supreme Court seeks explanation from Malik Bari

Uninformed visit abroad: Supreme Court seeks explanation from Malik Bari

The Supreme Court on Friday called for an explanation from Malik Tabarik Hussain alias Malik Bari regarding his uninformed visit outside the country despite being on bail. Karachi police arrested Bari from Islamabad last year on the charges of a fake case
Published 27 Mar, 2010 12:00am
Transforming lives of workers

Transforming lives of workers

National Training Bureau (NTB): Established in 1976, National Training Bureau is an attached department of ministry of Labour & country and trains potential vocational training system in the country and trains potential workers. It has a vast campus with
Published 27 Mar, 2010 12:00am
Huge blaze at Indian army munitions depot

Huge blaze at Indian army munitions depot

A fire ripped through one of the Indian army's largest ammunition depots on Friday, destroying 150 tonnes of explosives and ammunition, military sources said. Military spokesman Mahesh Upasani said the fire started at the Panagarh army base 120 kilometres
Published 27 Mar, 2010 12:00am
We Believe in Working for Workers

We Believe in Working for Workers

The Ministry of Labour & Manpower is entrusted with the labour welfare activities, social security schemes, labour administration, inspection and protection, liaison with international organisations in the fields of labour and social security, manpower de
Published 27 Mar, 2010 12:00am
AJK minister demands compensation from Wapda

AJK minister demands compensation from Wapda

AJK Information, IT and Hydro Electric Board Minister, Sardar Farooq Haider has on Friday demanded Water and Power Development Authority (Wapda) to pay compensation for the loss of public property during the violent demonstrations against load shedding in
Published 27 Mar, 2010 12:00am
Labour wing - Employee's Old-Age Benefits Institution

Labour wing - Employee's Old-Age Benefits Institution

The Employees' Old-Age Benefit Institution was established in 1976 to grant old-age benefits for the persons employed in industrial, commercial and other organisation and matter connected therewith. Under the scheme the EOBI grants Old-Age Pension; Invali
Published 27 Mar, 2010 12:00am
MCB declares 35 percent dividend, 10 percent bonus shares

MCB declares 35 percent dividend, 10 percent bonus shares

The MCB Bank continued to perform well and showed a growth of 6 percent, and one percent, in profits before and after tax respectively in the year ended December 31, 2009. The 62nd Annual General Meeting of MCB Bank Limited, under the chairmanship of Afta
Published 27 Mar, 2010 12:00am
Message from Federal Minister for Labour & Manpower

Message from Federal Minister for Labour & Manpower

Two years of democracy has come to completion with remarkable achievements for the welfare and betterment of workers and labourers and a lot is envisioned and will be attained in future. Workers are the backbone for the economy of the country and it is ve
Published 27 Mar, 2010 12:00am
MCB declares 35 percent dividend, 10 percent bonus shares

MCB declares 35 percent dividend, 10 percent bonus shares

The MCB Bank continued to perform well and showed a growth of 6 percent, and one percent, in profits before and after tax respectively in the year ended December 31, 2009. The 62nd Annual General Meeting of MCB Bank Limited, under the chairmanship of Afta
Published 27 Mar, 2010 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

It is matter of satisfaction that despite a number of challenges, the democratic Government has succeeded in taking a number of concrete measures during last two years for the welfare of workers.
Published 27 Mar, 2010 12:00am
MCB declares 35 percent dividend, 10 percent bonus shares

MCB declares 35 percent dividend, 10 percent bonus shares

The MCB Bank continued to perform well and showed a growth of 6 percent, and one percent, in profits before and after tax respectively in the year ended December 31, 2009. The 62nd Annual General Meeting of MCB Bank Limited, under the chairmanship of Afta
Published 27 Mar, 2010 12:00am
Message from President of Pakistan

Message from President of Pakistan

The revival of democracy has completed two years today. On this occasion I wish to compliment the nation, the parliament, democratic forces and the government. Two years is not a long period of time. However, it goes to the credit of the democratic govern
Published 27 Mar, 2010 12:00am
MCB declares 35 percent dividend, 10 percent bonus shares

MCB declares 35 percent dividend, 10 percent bonus shares

The MCB Bank continued to perform well and showed a growth of 6 percent, and one percent, in profits before and after tax respectively in the year ended December 31, 2009. The 62nd Annual General Meeting of MCB Bank Limited, under the chairmanship of Afta
Published 27 Mar, 2010 12:00am
ISE index down 3.86 points

ISE index down 3.86 points

Mixed trend was witnessed at Islamabad Stock Exchange (ISE) on Friday where equities showed normal business under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 3.86 points from 2,423.69 to 2,419.83 points. Turnover amounted t
Published 27 Mar, 2010 12:00am
ISE index down 3.86 points

ISE index down 3.86 points

Mixed trend was witnessed at Islamabad Stock Exchange (ISE) on Friday where equities showed normal business under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 3.86 points from 2,423.69 to 2,419.83 points. Turnover amounted t
Published 27 Mar, 2010 12:00am
Democracy delivers to the people, for the people, by the people

Democracy delivers to the people, for the people, by the people

The People's Government believes in the supremacy of the Parliament as it represents the will of the people. Since 2008, the government has brought issues of national importance in the elected houses for debate, guidance and approval. The Prime Minister h
Published 27 Mar, 2010 12:00am
LSE index down 08.78 points

LSE index down 08.78 points

Equities moved both ways but finally settled in negative column at the Lahore Stock Exchange (LSE) on Friday amid ascending transaction volume. The LSE-25 index showed a decline of 08.78 points and closed at 3180.85 points against 3189.63 points of Thursd
Published 27 Mar, 2010 12:00am
LSE index down 08.78 points

LSE index down 08.78 points

Equities moved both ways but finally settled in negative column at the Lahore Stock Exchange (LSE) on Friday amid ascending transaction volume. The LSE-25 index showed a decline of 08.78 points and closed at 3180.85 points against 3189.63 points of Thursd
Published 27 Mar, 2010 12:00am
Democracy does not promote terrorism

Democracy does not promote terrorism

Pakistan's democratic leadership has remained cognisant of and fully alert to the dangers that extremist terror has been posing to Pakistan and the rest of the world for more than a decade now. While resolving to restore a democratic dispensation in the c
Published 27 Mar, 2010 12:00am
Sugar cartels'' new plan to reap yet higher profits

Sugar cartels'' new plan to reap yet higher profits

Sugar cartels are planning to once again to reap high profits this year by asking the government to impose regulatory duty on import of sugar. Usually reliable sources told Business Recorder here that though sugar prices in Pakistan are about 30 pe
Published 27 Mar, 2010 12:00am
Sugar cartels' new plan to reap yet higher profits

Sugar cartels' new plan to reap yet higher profits

Sugar cartels are planning to once again to reap high profits this year by asking the government to impose regulatory duty on import of sugar. Usually reliable sources told Business Recorder here that though sugar prices in Pakistan are about 30 pe
Published 27 Mar, 2010 12:00am
Democracy's flourishing Media

Democracy's flourishing Media

Beginning with abolishing the Pakistan Electronic Media Regulatory Authority (PEMRA) 'black laws' introduced by the last authoritarian regime in November 2007, the People's Government has encouraged the democratic dissent of media, despite some ethical ca
Published 27 Mar, 2010 12:00am
Sugar cartels' new plan to reap yet higher profits

Sugar cartels' new plan to reap yet higher profits

Sugar cartels are planning to once again to reap high profits this year by asking the government to impose regulatory duty on import of sugar. Usually reliable sources told Business Recorder here that though sugar prices in Pakistan are about 30 pe
Published 27 Mar, 2010 12:00am
Gas supply to Pepco: one-day closure of CNG stations likely

Gas supply to Pepco: one-day closure of CNG stations likely

The government may switch to one day per week gas load shedding for CNG stations under Gas Load Management Plan to provide gas to Pakistan Electric Power Company (Pepco) for power generation in an effort to reduce power shortfall. The government had enfor
Published 27 Mar, 2010 12:00am
Gas supply to Pepco: one-day closure of CNG stations likely

Gas supply to Pepco: one-day closure of CNG stations likely

The government may switch to one day per week gas load shedding for CNG stations under Gas Load Management Plan to provide gas to Pakistan Electric Power Company (Pepco) for power generation in an effort to reduce power shortfall. The government had enfor
Published 27 Mar, 2010 12:00am
Gas supply to Pepco: one-day closure of CNG stations likely

Gas supply to Pepco: one-day closure of CNG stations likely

The government may switch to one day per week gas load shedding for CNG stations under Gas Load Management Plan to provide gas to Pakistan Electric Power Company (Pepco) for power generation in an effort to reduce power shortfall. The government had enfor
Published 27 Mar, 2010 12:00am
Towards Fiscal Federalism

Towards Fiscal Federalism

Article 5, Charter of Democracy: Provincial Consent and Consensus: In the spirit of Charter of Democracy and the PPP Manifesto, President Asif Ali Zardari re-constituted the National Finance Commission (NFC) on July 24, 2009. Authoritarian r
Published 27 Mar, 2010 12:00am
US looks to export drone technology to allies

US looks to export drone technology to allies

Defence Secretary Robert Gates said on Thursday he hoped to export coveted US drone technology to allies, despite legal hurdles, and played down the threat from rival drone programs in nations like Iran. Gates, testifying at a Senate hearing, said it was
Published 27 Mar, 2010 12:00am
Dividends of Democracy

Dividends of Democracy

Understanding the missing links: Through a 42-year odyssey of its unflinching struggle, the Pakistan People's Party (PPP) has undoubtedly become a defining political tradition of the masses of Pakistan. This tradition is committed to Shaheed
Published 27 Mar, 2010 12:00am
US looks to export drone technology to allies

US looks to export drone technology to allies

Defence Secretary Robert Gates said on Thursday he hoped to export coveted US drone technology to allies, despite legal hurdles, and played down the threat from rival drone programs in nations like Iran. Gates, testifying at a Senate hearing, said it was
Published 27 Mar, 2010 12:00am
BRIDGE NOTES: Cutting both ways - key to good bidding

BRIDGE NOTES: Cutting both ways - key to good bidding

Today's column on bridge is for those who find the grey areas in the bidding difficult to overcome. For after all, good bidding means the best available contract on the lie of the cards between you and your partner, and of course the placement of certain
Published 27 Mar, 2010 12:00am
BRIndex30 loses 10.64 points

BRIndex30 loses 10.64 points

On Friday, the BRIndex30 opened at 8,605.66 points and remained in positive for most of the market time. It touched the intra-day high of 8,662.60 points and low of 8,577.08 points and closed at 8,595.02 points with a negative change of -10.64 points, or
Published 27 Mar, 2010 12:00am
SPORTS WORLD: In search of past glories

SPORTS WORLD: In search of past glories

Pakistan once ruled the sports world, and till mid-90s, they were the world champions in squash, hockey, cricket and snooker. But soon, they started losing one title after the other and by the close of the decade of the 90s, they were titleless. This is t
Published 27 Mar, 2010 12:00am
BRIndex30 loses 10.64 points

BRIndex30 loses 10.64 points

On Friday, the BRIndex30 opened at 8,605.66 points and remained in positive for most of the market time. It touched the intra-day high of 8,662.60 points and low of 8,577.08 points and closed at 8,595.02 points with a negative change of -10.64 points, or
Published 27 Mar, 2010 12:00am