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Print - 2010-05-14
Karzai makes rare visit to US Senate floor

Karzai makes rare visit to US Senate floor

In what could be a historic first, US Senators on Thursday welcomed Afghan President Hamid Karzai onto the Senate floor in the middle of a debate and treated him to a standing ovation. Karzai, on a visit to Washington to patch up sometimes strained ties w
Published 14 May, 2010 12:00am
New York cotton futures settle higher

New York cotton futures settle higher

Cotton futures finished higher Thursday on suspected mill and investor buying, with the focus fixed firmly on the spread trade between the spot July and new-crop December cotton contracts, analysts said. The key July cotton contract increased 0.39 cent to
Published 14 May, 2010 12:00am
US sugar, cocoa and coffee up

US sugar, cocoa and coffee up

Raw sugar closed up 5.5 percent Wednesday, while arabica coffee and US cocoa also finished stronger in a consolidative day as the commodity complex recovered. July coffee rose 0.70 cent to close at $1.3685 per lb. The key July raw sugar contract jumped 0.
Published 14 May, 2010 12:00am
Malaysian palm oil futures tumble

Malaysian palm oil futures tumble

Malaysia palm oil futures hit a more than three-week low on Thursday as a stronger ringgit and weaker crude oil weighed on market sentiment, prompting players to unwind some positions. Crude oil prices were mixed in Asian hours, with the benchmark US crud
Published 14 May, 2010 12:00am
White sugar buoyant on tight supply

White sugar buoyant on tight supply

ICE raw sugar and arabica futures edged up on Thursday, with a firmer dollar capping gains, while strength in the white sugar premium signalled strong physical demand for refined sugar. ICE cocoa extended losses, as the market digested comments by the hea
Published 14 May, 2010 12:00am
US rice higher

US rice higher

US rice futures closed higher on Wednesday on short-covering after the decline on Tuesday, with volume thin, leading to choppy and at times volatile price swings. CBOT July up 9 cents per cwt at $11.98-1/2. Deliveries on May 8 lots. Demand recovers in Asi
Published 14 May, 2010 12:00am
US soya ends mixed

US soya ends mixed

US soyabean futures closed mixed on Wednesday, with active July weak on corn/soy spreading, a firm dollar and lower crude oil. Also there was lingering pressure from USDA's forecast on Tuesday for a larger ending stockpile of US soya than an analysts' ave
Published 14 May, 2010 12:00am
Rubber stocks fall

Rubber stocks fall

Japan's crude rubber inventories totalled 5,610 tonnes as of April 20, down 3.9 percent from 10 days earlier, data from the Rubber Trade Association of Japan showed on Thursday. Rubber stocks have been steadily declining and approaching the record low of
Published 14 May, 2010 12:00am
Tokyo rubber futures jump three percent

Tokyo rubber futures jump three percent

Key Tokyo rubber futures rose nearly 3 percent on Thursday as oil prices steadied, with investors encouraged to buy after prices hit five-month lows in Tokyo and Shanghai earlier in the week. The benchmark rubber contract on the Tokyo Commodity Exchange f
Published 14 May, 2010 12:00am
US copper dips

US copper dips

US copper futures drifted to a softer close on Wednesday, as the dollar strengthened against the euro and lingering debt issues in Europe and potential measures to cool the Chinese economy dimmed the industrial metal's demand outlook, analysts said.
Published 14 May, 2010 12:00am
Shanghai copper rises

Shanghai copper rises

Metals rose on Thursday, bolstered by a recovery on Wall Street, with copper reversing the previous session's losses to rally 1 percent. Three-month copper on the London Metal Exchange rose $79 to $7,104 by 0702 GMT after shedding 0.4 percent on Wednesday
Published 14 May, 2010 12:00am
Copper leads base metals rally

Copper leads base metals rally

Copper rose on Thursday due to some relief over new austerity steps pledged by Portugal and Spain to tackle their debt, but worries over the potential impact the plans will have on growth capped gains. Benchmark copper for three-months delivery on the Lon
Published 14 May, 2010 12:00am
Oil falls on rising stockpiles

Oil falls on rising stockpiles

Oil prices fell on Thursday for the third straight trading session, dragged down by economic concerns and rising US petroleum inventories. Front-month US crude for June delivery settled down $1.25 to $74.40 a barrel, having earlier slid to $73.62, the low
Published 14 May, 2010 12:00am
US confirms biggest corn sale to China since 2001

US confirms biggest corn sale to China since 2001

China bought 369,000 tonnes of US corn, the Agriculture Department said on Thursday, confirming the second big sale of US corn to China since late April and the single largest purchase by Beijing since 2001. Chicago Board of Trade May corn futures, up mor
Published 14 May, 2010 12:00am
US gold rises above $1,240

US gold rises above $1,240

US gold futures rose to a second straight record high at above $1,240 an ounce on Wednesday, as Greece's debt contagion fears prompted safe-haven play despite a US stock market rally. COMEX June gold settles up $22.80, or 1.9 percent, at $1,243.10 an ounc
Published 14 May, 2010 12:00am
ETF at all-time high, gold firm in Asia

ETF at all-time high, gold firm in Asia

Gold firmed near a record high reached in the previous session, while the world's largest gold-backed ETF reached an all-time high on Thursday as investors continued to worry that attempts to contain the eurozone debt crisis would either fail or stoke inf
Published 14 May, 2010 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold steadied on Thursday, but analysts expect the precious metal to extend gains to new records over coming days as waves of investor money come flooding into the market looking for safety. In euro and sterling terms, bullion hit record highs as investor
Published 14 May, 2010 12:00am
US MIDDAY: sugar and cocoa falter

US MIDDAY: sugar and cocoa falter

Raw sugar and US cocoa futures eased early Thursday, while arabica coffee bucked the trend and inched higher. Arabica coffee futures moved higher in a narrow range as the market looked for direction, ignoring the strong dollar and weak commodity complex,
Published 14 May, 2010 12:00am
US MIDDAY: wheat and corn down; soyabeans up

US MIDDAY: wheat and corn down; soyabeans up

Wheat futures fell early at the Chicago Board of Trade on Thursday, touching their lowest level since April 26, on pressure from a firm dollar and plentiful supplies, traders said. At 9:37 am CDT (1437 GMT), CBOT July soft red winter wheat was down 7-1/2
Published 14 May, 2010 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures edged up in early trade on Thursday, gaining momentum from a positive reversal on Wall Street, but concerns about government tightening efforts in Europe and China and the potential impact on demand capped sentiment. Copper for July deli
Published 14 May, 2010 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

US gold futures dropped on Thursday as the market took a breather after hitting record highs the past two days, but strong investment demand is expected to support prices, traders said. COMEX June gold down $5 at $1,238.10 an ounce at 9:59 am EDT (1359 GM
Published 14 May, 2010 12:00am
Three killed in shootout over land dispute

Three killed in shootout over land dispute

Three persons were killed and six others injured, three of them critically, in a shootout between two groups over a land dispute here at Multi Professional Society in sector E-17 near Sang Jani, a police spokesman said. He said two guards of the society M
Published 14 May, 2010 12:00am
Darban Dam allocation revised to Rs 128 million

Darban Dam allocation revised to Rs 128 million

The Ministry of Water and Power on Thursday informed Senate that the original allocation for Darban Dam project was Rs 700 million in the current PSDP, which was later rationalised to Rs 128 million due to the financial crunch and no fund has so far been
Published 14 May, 2010 12:00am
Senate passes IHC Bill 2010 with two amendments

Senate passes IHC Bill 2010 with two amendments

The Upper House of the Parliament on Thursday passed Islamabad High Court Bill, 2010 with two minor amendments, which was earlier passed by the National Assembly. The Bill would again go to the Lower House of the Parliament for approval in view of the ame
Published 14 May, 2010 12:00am
Senate passes IHC Bill 2010 with two amendments

Senate passes IHC Bill 2010 with two amendments

The Upper House of the Parliament on Thursday passed Islamabad High Court Bill, 2010 with two minor amendments, which was earlier passed by the National Assembly. The Bill would again go to the Lower House of the Parliament for approval in view of the ame
Published 14 May, 2010 12:00am
No regulatory duty on yarn made from material temporarily imported: FBR

No regulatory duty on yarn made from material temporarily imported: FBR

The Federal Board of Revenue on Thursday announced that 15 percent regulatory duty would not be charged on export of all types of yarn made from the material temporarily imported under temporary importation scheme (SRO.492(I)/2009), Duty and Tax Remission
Published 14 May, 2010 12:00am
No regulatory duty on yarn made from material temporarily imported: FBR

No regulatory duty on yarn made from material temporarily imported: FBR

The Federal Board of Revenue on Thursday announced that 15 percent regulatory duty would not be charged on export of all types of yarn made from the material temporarily imported under temporary importation scheme (SRO.492(I)/2009), Duty and Tax Remission
Published 14 May, 2010 12:00am
TCP has stock of 80,948 metric ton of sugar: Fahim

TCP has stock of 80,948 metric ton of sugar: Fahim

Minister for Commerce Makhdoom Amin Fahim has said that Trading Corporation of Pakistan (TCP) has a stock of 80,948 metric ton of sugar as of May 10, 2010. In written reply to a question to the National Assembly, the Minister said that a total of 68,948 M
Published 14 May, 2010 12:00am
LSM sector: Rs 139.6 billion sales tax collected during 2009-10

LSM sector: Rs 139.6 billion sales tax collected during 2009-10

Total amount of Rs 139.6 billion has been collected from large scale manufacturing (LSM) sector in the country under the head of sales tax during 2009-10 (up to March, 10). In written reply to a question, the Finance Ministry on Thursday told the National
Published 14 May, 2010 12:00am
Asfandyar arrives in New York

Asfandyar arrives in New York

ANP leader Asfandyar Wali Khan arrived in New York Wednesday to participate in a conference honouring his grandfather, Khan Abdul Ghaffar Khan. He was received at New York's Kennedy Airport by a large number party workers and activists. They included Iqba
Published 14 May, 2010 12:00am
Opposition MNAs criticise economic policy

Opposition MNAs criticise economic policy

The Opposition members of the National Assembly criticised the government and said that it should review economic policy and tighten its belt to provide relief to the poor and revisit its foreign policy to rein in terrorism.
Published 14 May, 2010 12:00am
Loading of Thai sugar: TCP confirms acceptance of nominated vessel

Loading of Thai sugar: TCP confirms acceptance of nominated vessel

Trading Corporation of Pakistan (TCP) has confirmed the acceptance of the nominated vessel MV "Polar Star" for loading of about 24,000 MT (+/-5) of sugar from Thailand (laycan 15-30 May, 2010) for onward discharge at Karachi Port/Port Bin Qasim, well-info
Published 14 May, 2010 12:00am
Sacking of 294 employees: protest against KESC management continues

Sacking of 294 employees: protest against KESC management continues

Routine works of Karachi Electric Supply Company (KESC) remained completely disturbed on Thursday as its protesting employees closed all offices of the company on the sacking of their colleagues. Thousands of employees who are protesting against the recen
Published 14 May, 2010 12:00am
Sindh, Punjab agree to resolve power plant issue

Sindh, Punjab agree to resolve power plant issue

Sindh and Punjab have finally agreed to amicably resolve, under the Water Accord 1991, the issue of hydroelectric power plant to generate 44MW at Chashma-Jhehlum Link Canal, sources informed Business Recorder on Thursday. They said that provincial
Published 14 May, 2010 12:00am
Anniversary of Hasrat Mohani commemorated

Anniversary of Hasrat Mohani commemorated

It was in May 1951, when Muslim of India lost one of its greatest and most illustrious son Maulana Fazlul Hasan Hasrat Mohani who was living symbol of Iqbal's conception of Mumin (True Muslim). Moulana Hasrat Mohani's name is considered as a big giant not
Published 14 May, 2010 12:00am
Army plays down risk of villages flooding

Army plays down risk of villages flooding

Army said Thursday it had taken every possible step to prevent an artificial lake from bursting its banks but acknowledged that up to 36 villages would be affected by flooding. A massive landslide created a lake on January 4 that killed 20 and left about
Published 14 May, 2010 12:00am
Consensus building on economic policy reforms stressed

Consensus building on economic policy reforms stressed

Dr Nadeem-ul-Haq, the Deputy Chairman of the Planning Commission stressed the need for wide ranging debate and consensus building on economic policy reform in the country. He was presiding over a national workshop on "Structural Transformation and Inclusi
Published 14 May, 2010 12:00am
Parliamentarians express dissatisfaction with foreign policy

Parliamentarians express dissatisfaction with foreign policy

Parliamentarians have expressed dissatisfaction on the foreign policy of the present government during a briefing given to them by the Foreign Minister Shah Mehmood Qureshi, it was learnt. Sources said that the joint meeting of foreign Affairs standing co
Published 14 May, 2010 12:00am
Aftab takes charge as culture minister

Aftab takes charge as culture minister

Pir Aftab Shah Jilani here on Thursday took charge of office of Federal Minister for Culture, which was laying vacant. Prime Minister Syed Yousuf Raza Gilani made a slight reshuffle in the cabinet with changing the portfolio of Aftab Jilani who was holdin
Published 14 May, 2010 12:00am
New Hajj policy to be announced next week: Kazmi

New Hajj policy to be announced next week: Kazmi

The Hajj policy for the year-2010 would formally be announced in next week introducing innovative and radical changes in order to ensure maximum facilities to the intending pilgrims. "We will announce the new Hajj policy in next week after settling the fa
Published 14 May, 2010 12:00am
Shipping charges issue

Shipping charges issue

Emphasis of Iqbal Mirza on the issue (Business Recorder 11 May) is (a) bill of lading is title to goods (b) all charges by ship agents, freight forwarders and terminal operators should be part of freight (c) Federation of Pakistan Chambers of Commerce and
Published 14 May, 2010 12:00am
Obama, Karzai present unified front in Afghanistan

Obama, Karzai present unified front in Afghanistan

US President Barack Obama and Afghan President Hamid Karzai sought to put aside recent tension in their relationship by emphasising Wednesday that they are unified in building a secure and stable Afghanistan. Much of the questioning from reporters at thei
Published 14 May, 2010 12:00am
Budget 2010-11: Need for pro-growth tax policies

Budget 2010-11: Need for pro-growth tax policies

Over the period, our tax system has become rotten, oppressive, unjust and target-oriented. There is a dire need to discuss the philosophical framework and principles that should be the main concern of our tax policy.
Published 14 May, 2010 12:00am
Budget 2010-11: Need for pro-growth tax policies

Budget 2010-11: Need for pro-growth tax policies

Over the period, our tax system has become rotten, oppressive, unjust and target-oriented. There is a dire need to discuss the philosophical framework and principles that should be the main concern of our tax policy.
Published 14 May, 2010 12:00am
VAT: One step forward and two steps back? - I

VAT: One step forward and two steps back? - I

It seems that the stage has been finally set to replace the existing Sales Tax Law with the VAT with effect from 1st July, 2010 as the World Bank experts, after finalising the VAT implementation plan with the FBR have left for Washington to submit their r
Published 14 May, 2010 12:00am
Rescind decision on PaCCS

Rescind decision on PaCCS

The Federal Board of Revenue has asked the Agility Logistics Software developer of Pakistan's Customs Computerised System (PaCCS) not to shut down on May 15, 2010 and continue to provide service until June 30, 2010. The FBR had early notified Agility that
Published 14 May, 2010 12:00am
No one can mask the grim prospects ahead

No one can mask the grim prospects ahead

Advisor to the Prime Minister on Finance Dr Abdul Hafeez Sheikh in his maiden press briefing, after taking over the finance portfolio strongly hinted at an extremely disturbing scenario: Pakistan may be forced to borrow from the International Monetary Fun
Published 14 May, 2010 12:00am
CG of Indonesia participates in International Tourism Show

CG of Indonesia participates in International Tourism Show

The Consulate General of the Republic of Indonesia has always been trying to bring more knowledge about Indonesia to the people of Pakistan especially with the people of Sindh by attending regularly all events and functions in Karachi, so that the new gen
Published 14 May, 2010 12:00am
LTC to buy 300 new buses for public transport

LTC to buy 300 new buses for public transport

Lahore Transport Company (LTC) will purchase around 300 new buses to provide comfortable transport facility to the commuters of Lahore. Some foreign and local investors have also shown interest in the project, Chairman LTC Tasnim Noorani said at a meeting
Published 14 May, 2010 12:00am
No conflict with MQM over Hyderabad status: Qaim

No conflict with MQM over Hyderabad status: Qaim

Sindh Chief Minister Syed Qaim Ali Shah has said that Muttahida Qaumi Movement (MQM) is one of the allied parties of the provincial government of Pakistan Peoples Party and there is no conflict between the two parties adding that the issue of restoration
Published 14 May, 2010 12:00am
'Value-added sector serves as backbone of economy'

'Value-added sector serves as backbone of economy'

Chairman Senate standing committee for textile industry, Senator Gul Mohammed has said that value-added sector serves as the backbone of national economy and it can not be ignored at any cost. Talking to a delegation here Thursday, the PPP Senator said th
Published 14 May, 2010 12:00am
Allah Bux Soomro's 67th death anniversary today

Allah Bux Soomro's 67th death anniversary today

Great Sindhi leader Allah Bux Soomro was born in 1900 in Shikarpur. In 1923, he was elected to the Jacobabad Municipal Committee. In 1931, he became the Chairman Sukkur District Local Board and Organised a conference of all District Local Board Presidents
Published 14 May, 2010 12:00am
'Elections cannot bring about positive change'

'Elections cannot bring about positive change'

Jamaat-i-Islami Chief, Syed Munawar Hasan has said elections can only bring about positive change in the society when there is rule of law. "In the current socio-political conditions when the country is being run by plunderers and mafias there is no possi
Published 14 May, 2010 12:00am
Jimmy Engineer's exhibition opens on May 15

Jimmy Engineer's exhibition opens on May 15

Prominent artist Jimmy Engineer has said everyone should play its part for the prosperity of the country. "I am trying to present soft image of Pakistan around the world through my paintings," he said while speaking at a press conference on Thursday. Jimm
Published 14 May, 2010 12:00am
Supreme Court moved against constitution of IHC

Supreme Court moved against constitution of IHC

Senior advocate Tariq Aziz Malik here Thursday moved a petition before Supreme Court challenging the notification of constituting Islamabad High Court (IHC). He filed this petition at the Lahore Registry of the Supreme Court. Petitioner said there was no
Published 14 May, 2010 12:00am
Punjab government efforts to eradicate polio commended

Punjab government efforts to eradicate polio commended

World Health Organisation (WHO)'s review mission, which is currently visiting Punjab to prepare proposals in light of their observations for making polio eradication campaign effective, has lauded Punjab government efforts, saying Punjab has the largest c
Published 14 May, 2010 12:00am
Cooperation in different sectors: Punjab and Iran sign eight agreements

Cooperation in different sectors: Punjab and Iran sign eight agreements

Punjab and Iran signed eight agreements regarding co-operation in transport, technical education, establishment of modern slaughter house in Lahore, science, establishment of floriculture and flower plant centre, recreational park, solid waste management
Published 14 May, 2010 12:00am
Workers of solid waste department demand salaries

Workers of solid waste department demand salaries

Workers of solid waste management department on Thursday staged a demonstration in front of Multan Press Club and blocked the road by staging a sit-in on Abdali Road on the call of Municipal Employees Welfare Union. Earlier, they organised a big rally and
Published 14 May, 2010 12:00am
Another accused involved in rape held, LHC told

Another accused involved in rape held, LHC told

Another accused Razzaq involved in kidnapping and rape of seven minor girls and boys in Daska had been arrested. DPO Sialkot told this to Chief Justice Lahore High Court (LHC) during a suo motu proceedings and added that the accused was arrested on the id
Published 14 May, 2010 12:00am
'Assassins of Benazir will not be allowed to run away'

'Assassins of Benazir will not be allowed to run away'

Prime Minister Yousaf Raza Gilani has said there are rare chances of clash between the institutions. "The assassins of Benazir Bhutto are the assassins of democracy and we will not let them run away," he expressed these views while addressing a public gat
Published 14 May, 2010 12:00am
LHC imposes Rs 5,000 fine on counsel of petitioner

LHC imposes Rs 5,000 fine on counsel of petitioner

The Lahore High Court (LHC) has imposed a fine of rupees five thousand on counsel of petitioner of PML-N MNA Mudassar Qayum Nahra in a case against qualification for wasting time of the court. As the proceedings were started on Thursday the court asked th
Published 14 May, 2010 12:00am
Call to boost revenue collection efforts

Call to boost revenue collection efforts

The member, Domestic Operations, (North) FBR Khalid Aziz Banth, has urged the officers to boost up their revenue collection efforts with integrity and utmost courtesy to the taxpayers. He also requested the Chief Commissioners and Commissioners to assist
Published 14 May, 2010 12:00am
'US helping microfinance organisations in developing states'

'US helping microfinance organisations in developing states'

US Consul General Carmela Coronoy has said that that America is helping the microfinance organisations in the developing countries. She said that in the Kerry-Lugar Bill amount has also been allocated for micro finance. She was speaking at the ceremony or
Published 14 May, 2010 12:00am
Consolidating petitions: LHC accepts Dasti's plea

Consolidating petitions: LHC accepts Dasti's plea

The Lahore High Court (LHC) Chief Justice here Thursday accepting the plea of former PPP MNA Jamshed Ahmad Dasti ordered to consolidate hearing of all similar petitions against him at Multan bench. Earlier, Dasti's counsel Mian Abdul Quddus appearing befo
Published 14 May, 2010 12:00am
DG Agriculture finds some early sown rice nurseries

DG Agriculture finds some early sown rice nurseries

Directorate General Agriculture (Pest Warning) Punjab, Lahore has found some early sown rice nurseries at various locations in districts Gujranwala, Hafizabad, Pakpatan, Lahore, Sheikhupura, Nankana Sahib, Kasur and Okara. According to a recent report of
Published 14 May, 2010 12:00am
ATC acquits nine terror suspects

ATC acquits nine terror suspects

A anti-terrorism court Thursday acquitted nine men accused of involvement in the killing of a senior military officer and a deadly attack on an army bus, state media reported. Judge Raja Ikhlaq Hussain acquitted the nine who were accused of involvement in
Published 14 May, 2010 12:00am
WBDC Peshawar likely to become operational by month's end

WBDC Peshawar likely to become operational by month's end

Work on establishing a "Women Business Development Centre" (WBDC) in Peshawar for the promotion of women entrepreneur-ship in Khyber Pakhtunkhwa (KP) is in final stages and is likely to become operational by end of current month. Provincial Chief, Small a
Published 14 May, 2010 12:00am
Sarhad Chamber renamed as KPCCI

Sarhad Chamber renamed as KPCCI

The general body meeting of Sarhad Chamber of Commerce & Industry (SCCI) Thursday passed a unanimous resolution, renaming the trade body as Khyber Pakhtunkhwa Chamber of Commerce & Industry (KPCCI), Peshawar. The meeting was held with President Riaz Arsha
Published 14 May, 2010 12:00am
All set to hold 'Sindh Energy Conference' on May 29

All set to hold 'Sindh Energy Conference' on May 29

A high-level meeting of Sindh Board of Investment (SBI) on Thursday discussed arrangements for holding the first ever "Sindh Energy Conference" in the city on May 29. The meeting, chaired by Advisor to CM on Investment Zubair Motiwala, noted that the boar
Published 14 May, 2010 12:00am
Free export sample limits: drug makers be allowed increase

Free export sample limits: drug makers be allowed increase

Institute of Cost and Management Accountants of Pakistan (ICMAP) has urged Ministry of Finance (MoF) and Federal Board of Revenue (FBR) to allow pharmaceutical manufacturers to have an increase in export sample products and first consignment of new produc
Published 14 May, 2010 12:00am
CG gives briefing on Japanese assistance to Pakistan

CG gives briefing on Japanese assistance to Pakistan

A comprehensive briefing on Japanese assistance to Pakistan, over the years, was given by the Consul General of Japan in Karachi, Masaharu Sato, to senior journalists here on Thursday. The venue was Consul General's residence in Defence Society. Also pres
Published 14 May, 2010 12:00am
PTA clarification

PTA clarification

Apropos a news item "Rs 7.9 billion embezzlement found in PTA appeared in a section of media, a PTA spokesperson has clarified that the said news is misleading in nature and presented only one side of the picture. AGP has not identified any embezzlement,
Published 14 May, 2010 12:00am
Home remittance delivery: NBP signs deals with Saudi banks

Home remittance delivery: NBP signs deals with Saudi banks

National Bank of Pakistan has signed deals with two Saudi banks for home remittance delivery to Pakistan. Under the arrangements, Al-Rajhi Bank, the largest Islamic Bank in the world through its Tahweel Al-Rajhi Remittance Centers and Bank Al-Bilad throug
Published 14 May, 2010 12:00am
'BISP striving to make women self-sufficient'

'BISP striving to make women self-sufficient'

Benazir Income Support Programme (BISP) is striving to make women self-sufficient by providing them financial assistance, said Chairperson BISP Farzana Raja while addressing a seminar on "Women Empowerment" at the National Centre for Rural Development her
Published 14 May, 2010 12:00am
Huge quantity of intraocular lens imported from India seized

Huge quantity of intraocular lens imported from India seized

Directorate General, Intelligence and Investigation (DGI&I) of Federal Board of Revenue (FBR), Karachi has confiscated huge quantity of intraocular lens imported from India. Sources told Business Recorder on Thursday that credible information was r
Published 14 May, 2010 12:00am
British envoy calls on Javed Ashraf

British envoy calls on Javed Ashraf

Chairman Senate Standing Committee on Defence Production Senator Lieutenant General Javed Ashraf Qazi (Retd) on Thursday underlined the need for more closer co-operation between Pakistan and United Kingdom in diverse fields to further strengthen the exist
Published 14 May, 2010 12:00am
'Pakistan to continue struggle for eliminating terrorism'

'Pakistan to continue struggle for eliminating terrorism'

Pakistan will continue its struggle to combat and eliminate terrorism so as to ensure the security and integrity of the country. This was stated by Federal Minister for Defence, Chaudhry Ahmad Mukhtar, at a meeting with the visiting Foreign Minister of Ma
Published 14 May, 2010 12:00am
VAT to have serious inflationary impact: Yousuf

VAT to have serious inflationary impact: Yousuf

Former FBR Chairman Abdullah Yousuf on Thursday said the Value Added Tax would definitely have serious inflationary impact due to withdrawal of exemptions under the Sixth Schedule of the Sales Tax Act, 1990. Sharing his experience on VAT, he informed the
Published 14 May, 2010 12:00am
Afghan government to install new security system in Kandahar

Afghan government to install new security system in Kandahar

To improve border security and support the regional security operations of coalition forces in Afghanistan, the government of Afghanistan will soon install a new security system near the Spin Boldak border crossing in Kandahar province.
Published 14 May, 2010 12:00am
Pak-Turkish friendship time tested: General Kosaner

Pak-Turkish friendship time tested: General Kosaner

General Sebahattin Isik Kosaner, Commander of Turkish Land Forces said Thursday that relations between Pakistan and Turkey were time tested, deep and Turkey would always stand with people and government of Pakistan in every difficult time.
Published 14 May, 2010 12:00am
The Weather

The Weather

The weather report on Thursday (May 13, 2010) and the forecast for Friday (May 14, 2010).

Published 14 May, 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 14 May, 2010 12:00am
Work on two powerhouses to start soon

Work on two powerhouses to start soon

Executive engineer Water & Power Department (WPD) Ghulam Haidar said the two powerhouses of 36 megawatts with the cost of five billion rupees would be constructed here. Talking to newsmen here on Thursday, he said 26 megawatts powerhouse would be launched
Published 14 May, 2010 12:00am
Ban on entry of single axle trucks to motorway lifted

Ban on entry of single axle trucks to motorway lifted

Federal Minister for Communications Dr Arbab Almagir Khan Khalil met with the representatives of Faisalabad Chamber of Commerce and Industries (FCCI) and Lahore and Rawalpindi Goods Transporter Association with regard to ban on entry of single axle trucks
Published 14 May, 2010 12:00am
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