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Print - 2010-07-13
Downpour paralyses life as drainage system fails

Downpour paralyses life as drainage system fails

Lahore Monday received first monsoon rain, which paralysed life in the city and created chaos on roads as rainwater inundated in many parts of the city. Lahoriites enjoyed cloudy weather with mild cool winds and heaved a sigh of relief from the hot and su
Published 13 Jul, 2010 12:00am
PU signs four MoUs with Chinese university

PU signs four MoUs with Chinese university

Vice-Chancellor Punjab University, Professor Dr Mujahid Kamran has said the varsity has so far signed 84 Memorandum Of Understanding (MoUs) with the leading universities both within and outside the country, out of which four MoUs have been signed with the
Published 13 Jul, 2010 12:00am
SIMS' pathology department gets ISO certification

SIMS' pathology department gets ISO certification

The Pathology Department of Services Institute of Medical Sciences (SIMS), Lahore has received ISO-9000:2008 and ISO 14001:2004 certification by the United Kingdom Accreditation Service (UKAS) and Pakistan National Accreditation Council (PNAC).
Published 13 Jul, 2010 12:00am
YJS organises inter-university documentary competition

YJS organises inter-university documentary competition

Government College University's Young Journalist Society (YJS) Monday organised inter-university documentary competition on the theme of social issues. Above 70 producers and directors from 10 educational institutions including Punjab University, FC Colle
Published 13 Jul, 2010 12:00am
Scores of activists of banned outfits arrested

Scores of activists of banned outfits arrested

In an unannounced police operation against proscribed organisations, especially in southern Punjab, scores of activists have been arrested. According to reports, in Rahimyar Khan, Bahawalpur, Multan, Bahawalnagar and Layyah districts, police conducted rai
Published 13 Jul, 2010 12:00am
Journalists boycott Punjab Assembly proceedings

Journalists boycott Punjab Assembly proceedings

Journalists on Monday boycotted the Punjab Assembly proceedings in protest to a resolution passed against the media. Various journalist bodies (Punjab Union of Journalists (PUJ), Lahore Press Club (LPC) and Press Gallery) also decided to continue boycott
Published 13 Jul, 2010 12:00am
The Weather

The Weather

The weather report on Monday (July 12, 2010) and the forecast for Tuesday (July 13, 2010).

Published 13 Jul, 2010 12:00am
IFJ terms Punjab Assembly resolution an attempt to silence journalists

IFJ terms Punjab Assembly resolution an attempt to silence journalists

The resolution passed by Punjab Assembly in Pakistan is a crude attempt to silence journalists and will fail, said the International Federation of Journalists (IFJ) on Monday. The Punjab Assembly passed a resolution on July 9 condemning the role of the me
Published 13 Jul, 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 13 Jul, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 13 Jul, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 13 Jul, 2010 12:00am
LCCI announces election schedule

LCCI announces election schedule

The Lahore Chamber of Commerce and Industry (LCCI) Monday announced election schedule for year 2010-11. As per LCCI Executive Committee's decision, election for 7 seats of Corporate Class and 8 seats of Associate Class will be held on September 20 and 21
Published 13 Jul, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
Akhuwat, CWCD to offer interest-free loans to TEVTA graduates

Akhuwat, CWCD to offer interest-free loans to TEVTA graduates

Akhuwat and Centre for Women Co-operative Development (CWCD) will offer interest free loan amounting Rs 25,000 to Rs 100,000 to the Technical and Vocational Training Authority (TEVTA) graduates to start their own business for self-employment. Akhuwat and
Published 13 Jul, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
Senate body for withdrawal of fines from I-16 allottees

Senate body for withdrawal of fines from I-16 allottees

The Senate Functional Committee on Government Assurances on Monday asked Capital Development Authority (CDA) to withdraw notices issued to allottees of I-16 for imposition of fines due to delays in initiation of construction work. The Committee was of the
Published 13 Jul, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (July 12, 2010) and for Tuesday (July 13, 2010).
Published 13 Jul, 2010 12:00am
Babar rules out mid-term polls

Babar rules out mid-term polls

Federal Law Minister Dr Babar Awan has said the aim of those who awarded tickets to fake degree holders for mid-term elections would not be fulfilled. He was addressing the People Lawyers Forum (PLF) at a local marriage hall here on Monday.
Published 13 Jul, 2010 12:00am
Government takes guidance from the press: Kaira

Government takes guidance from the press: Kaira

Provincial Minister for Finance and Planning & Development, Tanvir Ashraf Kaira has said that responsible press identifies the real issues of the people and the government also takes guidance from the press because the press is considered to be the fourth
Published 13 Jul, 2010 12:00am
Prime Minister announces assistance for poor family

Prime Minister announces assistance for poor family

Prime Minister Syed Yousuf Raza Gilani took notice of a news item published in a section of press regarding a poor family whose three children had contracted a deadly disease. He directed Director General of Special Education to provide free medical treat
Published 13 Jul, 2010 12:00am
Gilani calls on President

Gilani calls on President

Prime Minister Syed Yousaf Raza Gilani called on President Asif Ali Zardari here at Aiwan-e-Sadr on Monday. The President briefed the Prime minister about his recent visit to China and his interaction with the Chinese leadership. The Prime Minister felici
Published 13 Jul, 2010 12:00am
Violence continues: four bodies found in different parts of the city

Violence continues: four bodies found in different parts of the city

Bodies of four persons were recovered from different parts of the city on Monday, Business Recorder has learnt. Two bullet-riddled bodies were found from outside the TCF School in Baldia Town, while another one was recovered from the vicinity of Ch
Published 13 Jul, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
Thai-Myanmar cross-border operations face uncertain future

Thai-Myanmar cross-border operations face uncertain future

When Cynthia Maung stumbled across the Thai-Myanmar border into Mae Sot in 1988 after a 10-day jungle trek to flee a military crackdown in Yangon, she planned to stay a few months at most. Twenty-two years later, Dr Maung's Mae Tao clinic is a border inst
Published 13 Jul, 2010 12:00am
Vat can spark widespread tax evasion

Vat can spark widespread tax evasion

After GST, now a new Frankenstein is about to suck whatever life is left in the veins of emaciated Pakistanis. The Prime Minister and his aides are saying that the value-added tax (VAT) is just a sweet GST, and wouldn't have much effect. Yes, it wouldn't
Published 13 Jul, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
Great allies, aren't they?

Great allies, aren't they?

After the 7th round of talks to revise the Afghan-Pakistan Transit Trade Agreement (APTTA), the Afghan Finance Minister was upbeat about setting a "good example" in revising such accords. But his assertion that "the US doesn't need to facilitate us; we ar
Published 13 Jul, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
General Singh's remarks read like a black comic burlesque

General Singh's remarks read like a black comic burlesque

Indian Army Chief General V. K. Singh must be an enthusiastic admirer of Roman legions - otherwise how could he describe deaths of thousands of Kashmiris at the hands of Indian security forces as the "gains". And what a pride in that 'achievement'; he say
Published 13 Jul, 2010 12:00am
Population census: don't delay it any further

Population census: don't delay it any further

While addressing an award-winning ceremony held in connection with the world population day Prime Minister Yousuf Raza Gilani emphasised the need for holding a census with a view to ensuring equitable distribution of resources. The United Nations defines
Published 13 Jul, 2010 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
PAC body orders probe into fund embezzlement by ECP

PAC body orders probe into fund embezzlement by ECP

The special body of Public Accounts Committee (PAC) Monday ordered probe into embezzlement worth millions of rupees by Election Commission of Pakistan (ECP). The special committee of PAC, which met here with Zahid Hamid in the chair, discussed the special
Published 13 Jul, 2010 12:00am
ISI DG briefs Senate panel on security policy

ISI DG briefs Senate panel on security policy

Director General (DG) Inter-Service Intelligence (ISI) Lieutenant General Ahmad Shuja Pasha on Monday gave comprehensive briefing to the Senate Standing Committee on Defence and Defence Production on changing the national security policy particularly focu
Published 13 Jul, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
HEC receives 237 degrees

HEC receives 237 degrees

Higher Education Commission (HEC) has so far received 237 degrees of the parliamentarians after verification from different institutions/universities in which 25 degrees have been found fake/bogus, Aaj News reported Monday. According to the channel
Published 13 Jul, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
Government determined to revive Pakistan Steel: Khursheed Shah

Government determined to revive Pakistan Steel: Khursheed Shah

Federal Minister for Labour and Manpower Syed Khursheed Ahmed Shah said on Monday that the government was determined to revive and expand Pakistan Steel, and strongly rejected the impression that the Mill would be privatised. The minister was addressing t
Published 13 Jul, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
APL clarification

APL clarification

Apropos a news item "OMCs told to report their sales to PSO, Shell and Chevron: refineries accused of aiding in misdeclaration", carried by Business Recorder on July 08, 2010, the following is an APL (Attock Petroleum Limited) clarification: "First
Published 13 Jul, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
PASDC sets up modern quarry in Chitral

PASDC sets up modern quarry in Chitral

For the exploitation of marble and granite resources and development of the sector, Pakistan Stone Development Company (PASDC) has established a modern quarry in Chitral. This facility would help the miners and local people to explore rich marble and gran
Published 13 Jul, 2010 12:00am
Workshop on 'investigative journalism'

Workshop on 'investigative journalism'

Two-day workshop on "Investigative Journalism", organised by US Embassy for print and electronic media journalists Monday, focused on the responsibility of journalists to provide information that is accurate and is reported fairly and independently from t
Published 13 Jul, 2010 12:00am
Life in Islamabad to be tougher with double taxes

Life in Islamabad to be tougher with double taxes

Living in the federal capital is going to be tougher as the Capital Development Authority (CDA) is planning to double the property taxes and water charges, besides imposing entry tax for public parks. "We are trying to rationalise the taxation mechanism.
Published 13 Jul, 2010 12:00am
Missing ISAF containers: FBR forms fact-finding committee

Missing ISAF containers: FBR forms fact-finding committee

The Federal Board of Revenue (FBR) has constituted two high-level committees to check smuggling under the Afghan Transit Trade Agreement (ATTA) and investigate the saga of alleged missing of containers destined for Nato and International Security Assistan
Published 13 Jul, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
Missing ISAF containers: FBR forms fact-finding committee

Missing ISAF containers: FBR forms fact-finding committee

The Federal Board of Revenue (FBR) has constituted two high-level committees to check smuggling under the Afghan Transit Trade Agreement (ATTA) and investigate the saga of alleged missing of containers destined for Nato and International Security Assistan
Published 13 Jul, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 12, 2010).

Published 13 Jul, 2010 12:00am
Missing ISAF containers: FBR forms fact-finding committee

Missing ISAF containers: FBR forms fact-finding committee

The Federal Board of Revenue (FBR) has constituted two high-level committees to check smuggling under the Afghan Transit Trade Agreement (ATTA) and investigate the saga of alleged missing of containers destined for Nato and International Security Assistan
Published 13 Jul, 2010 12:00am
Abu Dhabi signs $3.6 billion gas deals

Abu Dhabi signs $3.6 billion gas deals

Abu Dhabi Gas Development Company (ADGAS) on Monday signed four contracts worth a total of 3.6 billion dollars with firms from Italy, South Korea, Spain and India to develop its Shah gas field. As part of an overall programme to develop the Shah sour gas
Published 13 Jul, 2010 12:00am
Abu Dhabi signs $3.6 billion gas deals

Abu Dhabi signs $3.6 billion gas deals

Abu Dhabi Gas Development Company (ADGAS) on Monday signed four contracts worth a total of 3.6 billion dollars with firms from Italy, South Korea, Spain and India to develop its Shah gas field. As part of an overall programme to develop the Shah sour gas
Published 13 Jul, 2010 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee extended its slide against dollar on the local currency market on Monday as importers were busy in forward buying of the greenback, dealers said. On the interbank market the rupee lost 10 paisa in relation to dollar for buying at 85.75 and it fe
Published 13 Jul, 2010 12:00am
Abu Dhabi signs $3.6 billion gas deals

Abu Dhabi signs $3.6 billion gas deals

Abu Dhabi Gas Development Company (ADGAS) on Monday signed four contracts worth a total of 3.6 billion dollars with firms from Italy, South Korea, Spain and India to develop its Shah gas field. As part of an overall programme to develop the Shah sour gas
Published 13 Jul, 2010 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee extended its slide against dollar on the local currency market on Monday as importers were busy in forward buying of the greenback, dealers said. On the interbank market the rupee lost 10 paisa in relation to dollar for buying at 85.75 and it fe
Published 13 Jul, 2010 12:00am
PDP boycotts held Kashmir conference

PDP boycotts held Kashmir conference

Politicians from various parties in held Kashmir Monday held discussions on restoring peace in the region wracked by violent clashes between protestors and occupation forces, officials said. Authorities lifted a curfew in occupied Srinagar and other towns
Published 13 Jul, 2010 12:00am
PDP boycotts held Kashmir conference

PDP boycotts held Kashmir conference

Politicians from various parties in held Kashmir Monday held discussions on restoring peace in the region wracked by violent clashes between protestors and occupation forces, officials said. Authorities lifted a curfew in occupied Srinagar and other towns
Published 13 Jul, 2010 12:00am
Russia says Iran moving closer to nuclear weapons

Russia says Iran moving closer to nuclear weapons

Russian President Dmitry Medvedev gave the strongest sign yet on Monday that Moscow is moving closer to the West's stance on Iran, saying it was clear Tehran was gaining the ability to build a nuclear bomb. Medvedev's comments were the starkest criticism
Published 13 Jul, 2010 12:00am
Russia says Iran moving closer to nuclear weapons

Russia says Iran moving closer to nuclear weapons

Russian President Dmitry Medvedev gave the strongest sign yet on Monday that Moscow is moving closer to the West's stance on Iran, saying it was clear Tehran was gaining the ability to build a nuclear bomb. Medvedev's comments were the starkest criticism
Published 13 Jul, 2010 12:00am
Flour millers call off strike

Flour millers call off strike

Pakistan Flourmills Association has called off five-day long strike after assurance by the Federal Minister for Food and Agriculture, Nazar Muhammad Gondal to meet their demands and lift ban on movement of wheat in Sindh along with making foolproof arrang
Published 13 Jul, 2010 12:00am
Flour millers call off strike

Flour millers call off strike

Pakistan Flourmills Association has called off five-day long strike after assurance by the Federal Minister for Food and Agriculture, Nazar Muhammad Gondal to meet their demands and lift ban on movement of wheat in Sindh along with making foolproof arrang
Published 13 Jul, 2010 12:00am
Flour millers call off strike

Flour millers call off strike

Pakistan Flourmills Association has called off five-day long strike after assurance by the Federal Minister for Food and Agriculture, Nazar Muhammad Gondal to meet their demands and lift ban on movement of wheat in Sindh along with making foolproof arrang
Published 13 Jul, 2010 12:00am
''MCB Leasing'' in Azerbaijan

''MCB Leasing'' in Azerbaijan

MCB Bank Limited is launching the formal operations of its subsidiary ''MCB Leasing'' - Closed Joint Stock Company (CJSC) in Baku, Azerbaijan from July 13, 2010. According to an information sent to Karachi Stock Exchange (KSE) here on Monday, MCB Leasing
Published 13 Jul, 2010 12:00am
'MCB Leasing' in Azerbaijan

'MCB Leasing' in Azerbaijan

MCB Bank Limited is launching the formal operations of its subsidiary 'MCB Leasing' - Closed Joint Stock Company (CJSC) in Baku, Azerbaijan from July 13, 2010. According to an information sent to Karachi Stock Exchange (KSE) here on Monday, MCB Leasing wa
Published 13 Jul, 2010 12:00am
'MCB Leasing' in Azerbaijan

'MCB Leasing' in Azerbaijan

MCB Bank Limited is launching the formal operations of its subsidiary 'MCB Leasing' - Closed Joint Stock Company (CJSC) in Baku, Azerbaijan from July 13, 2010. According to an information sent to Karachi Stock Exchange (KSE) here on Monday, MCB Leasing wa
Published 13 Jul, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Jul, 2010 12:00am
Fund sues banks for $1.2 billion loss tied to subprime mortgages

Fund sues banks for $1.2 billion loss tied to subprime mortgages

A hedge fund is taking aim at the world''''s biggest banks in an effort to recoup $1.2 billion it lost on subprime mortgages, entering a legal fight where so far Wall Street has largely been unscathed. The lawsuit against Morgan Stanley, Goldman Sachs Gro
Published 13 Jul, 2010 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 13 Jul, 2010 12:00am
Fund sues banks for $1.2 billion loss tied to subprime mortgages

Fund sues banks for $1.2 billion loss tied to subprime mortgages

A hedge fund is taking aim at the world''s biggest banks in an effort to recoup $1.2 billion it lost on subprime mortgages, entering a legal fight where so far Wall Street has largely been unscathed. The lawsuit against Morgan Stanley, Goldman Sachs Group
Published 13 Jul, 2010 12:00am
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