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Print - 2010-07-21
Zardari's China visit - a timely initiative

Zardari's China visit - a timely initiative

President Asif Ali Zardari's six-day visit to China at the head of a strong ministerial delegation during which he had meetings with a galaxy of Chinese leaders will certainly contribute towards further strengthening the bonds of multi-faceted relationshi
Published 21 Jul, 2010 12:00am
Pak-US ties: trust deficit

Pak-US ties: trust deficit

A strange irony besets the Pak-US relationship - the Secretary of State Hillary Clinton's visit here, over the weekend, tends to expose the lingering perceptional mismatch of their respective world views, instead of strengthening the commonality of their
Published 21 Jul, 2010 12:00am
Facilitate credit but only for productive purposes

Facilitate credit but only for productive purposes

There are several ways at the disposal of central banks to facilitate the flow of bank credit to a particular sector or industry. On 15th July, 2010, the State Bank of Pakistan took an important step to encourage the provision of bank credit to the consum
Published 21 Jul, 2010 12:00am
Tender opening ceremony today

Tender opening ceremony today

Tender opening ceremony for procurement of construction equipment, under Asian Development Bank (ADB) loan for "power distribution enhancement investment programme", will be held on Wednesday (today). The ceremony will take place at the head office of Pak
Published 21 Jul, 2010 12:00am
Sindh notifies procedure for CVT payment

Sindh notifies procedure for CVT payment

The Chief Inspector of Stamps, Board of Revenue Sindh, has notified that the Capital Value Tax on immovable property has now become Provincial Subject and as such the Provincial Government has rationalised the rates of CVT through Sindh Finance Act 2010,
Published 21 Jul, 2010 12:00am
Dell organises road-shows for notebook lovers

Dell organises road-shows for notebook lovers

Dell, a global leader in computers, notebooks and net-books technology, Tuesday held road shows in Karachi and Lahore for notebook lovers in these cities. Dell's innovative products, Inspiron 3010, 4010 and 5010 were showcased along-with Dell Studio high-
Published 21 Jul, 2010 12:00am
Legislation under way in US to abolish tariff on textiles

Legislation under way in US to abolish tariff on textiles

The US delegation, during its recent visit, has conveyed to the government of Pakistan that legislation to abolish tariff on textiles is underway, which would enable Pakistan's textile sector to export its products to the US market without paying duties,
Published 21 Jul, 2010 12:00am
Weeklong cleanliness campaign 'My Hyderabad' kicked off

Weeklong cleanliness campaign 'My Hyderabad' kicked off

A weeklong cleanliness campaign was kicked off at Hyder Chowk of Hyderabad to keep the city clean under the theme "My Hyderabad". The campaign was inaugurated by Sindh Minister for Information Technology Raza Haroon, Minister for Rural Development Zubair
Published 21 Jul, 2010 12:00am
Shujaat for organising PML-Q at grassroots level

Shujaat for organising PML-Q at grassroots level

Pakistan Muslim League-Quaid (PML-Q) President Chaudhry Shujaat Hussain on Tuesday urged his party workers to organise the party at the grassroots level and work for masses' welfare as a "bright future" is in the offing.
Published 21 Jul, 2010 12:00am
DoST, UET to set up design facilitation, training centre

DoST, UET to set up design facilitation, training centre

The Directorate of Science and Technology (DoST) in collaboration with University of Engineering and Technology (UET) will set up the design facilitation and training centre with an aim to train the engineers and professionals in the entrepreneurship and
Published 21 Jul, 2010 12:00am
PEL to deploy Oracle application for streamlining services

PEL to deploy Oracle application for streamlining services

Pak Elektron Limited (PEL), manufacturer of electrical goods in Pakistan, has selected Oracle E-Business Suite Release 12 to streamline its business processes and financial systems. PEL would deploy Oracle E-Business Suite Release 12 to replace various le
Published 21 Jul, 2010 12:00am
Customs seized narcotics worth Rs 100 million

Customs seized narcotics worth Rs 100 million

Model Customs Collectorate, Islamabad has seized artfully concealed 19 kilogram fine quality heroin of Rs 100 million value in the international market.
Published 21 Jul, 2010 12:00am
Khosa's resignation not accepted

Khosa's resignation not accepted

Advisor to Prime Minister, Sardar Latif Khosa Tuesday called on President Asif Ali Zardari here at Aiwan-e-Sadr and tendered resignation. The President, however, did not accept the resignation, saying Latif Khosa was an old party loyalist who had remained
Published 21 Jul, 2010 12:00am
Rainy season: power consumers advised for precautionary measures

Rainy season: power consumers advised for precautionary measures

Chief Executive, Lahore Electric Supply Company (Lesco) Saleem Akhtar appealed General Public and valued electricity consumers that they must adopt precautionary measures in rainy season. He said that in case of electric shock or damage of electric wire o
Published 21 Jul, 2010 12:00am
Javed Hashmi stable after brain haemorrhage

Javed Hashmi stable after brain haemorrhage

Member National Assembly (MNA) and a senior leader of the PML-N Makhdoom Javed Hashmi was admitted to the Lahore General Hospital (LGH) on Tuesday morning after he suffered from haemorrhage in the brain. Earlier, he was admitted to the Intensive Care Unit
Published 21 Jul, 2010 12:00am
Nation has high hopes in youth: Shahbaz

Nation has high hopes in youth: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that the nation has high hopes of its youth who as doctors, engineers, scientists and politicians will ensure a bright future for the country. He said that there was a need for promotion of Pakistan's ideology
Published 21 Jul, 2010 12:00am
Greater business access to US markets demanded

Greater business access to US markets demanded

Private sector of Pakistan has demanded greater market access in USA to share the burden of country's economy, being faced in view of its role towards war against terrorism.
Published 21 Jul, 2010 12:00am
Weeklong art exhibition commences

Weeklong art exhibition commences

A week-long exhibition of paintings of two gifted artists Sehr Jalil and Marria Khan Tuesday opened at Lahore Art Council's premier Alhamra Art Gallery at Shahra-e-Quaid-e-Azam. The two-person show entitled "Drift" has rich collection of 25 paintings in d
Published 21 Jul, 2010 12:00am
Powerloom owners, workers injured in clashes

Powerloom owners, workers injured in clashes

Police fired tear gas and baton-charged hundreds of protesters in industrial city against non-implementation of wage enhancement agreement for Powerlooms Industry effective July 01, 2010, here Tuesday. During clashes between police, powerlooms owners and
Published 21 Jul, 2010 12:00am
Punjab University conference on education from October 21

Punjab University conference on education from October 21

Punjab University Institute of Education & Research (IER) in collaboration with Promotion of Education in Pakistan (PEP) Foundation, Inc. New York is organising third three-day international conference on education from October 21 to 23, 2010 at Punjab Un
Published 21 Jul, 2010 12:00am
PPP has always raised voice for women's rights: Taseer

PPP has always raised voice for women's rights: Taseer

Governor Punjab Salmaan Taseer has said that Pakistan Peoples Party is a liberal party, which has always raised voice for the rights of women. To make the women individually responsible in the society is the preference of the government of PPP. Governor s
Published 21 Jul, 2010 12:00am
'Every institution has to function within its constitutional ambit'

'Every institution has to function within its constitutional ambit'

Every institution in Pakistan whether army or judiciary has to function within its constitutional ambit to remove obstacles in the way of vibrant governance free of any internal or external pressure to nurture democracy in these testing times. The problem
Published 21 Jul, 2010 12:00am
KWSB enhances daily water quota for SITE

KWSB enhances daily water quota for SITE

Karachi Water and Sewerage Board (KWSB) has enhanced its water supply for SITE Industrial Area and has increased the daily "quota" of water for SITE Ltd from 2.5 MGD to 5 MGD. Minister of Commerce and Industries Sindh M A Rauf Siddiqui took serious notice
Published 21 Jul, 2010 12:00am
'Punjab Municipal Water Act': KBP to defy imposition

'Punjab Municipal Water Act': KBP to defy imposition

Kisan Board Pakistan (KBP) while expressing strong reservations on Punjab Municipal Water Act 2010 has claimed that approval of this act would make access to underground water impossible and hundred of thousands of acres of agricultural land situated with
Published 21 Jul, 2010 12:00am
Pakistan to play key role in talks with Taliban

Pakistan to play key role in talks with Taliban

Afghan President Hamid Karzai needs Pakistan's help to convince some Taliban factions to end their insurgency, a central plank of his peace strategy, but doubts remain about Islamabad's motives and ability to deliver. Pakistan and Afghanistan are both see
Published 21 Jul, 2010 12:00am
REAP to explore new markets to further increase rice exports

REAP to explore new markets to further increase rice exports

The Rice Exporters Association of Pakistan (REAP) has planned to explore new markets to further increase Pakistani rice exports. In this regard a 15-member trade delegation of REAP was on a trip to Mauritius, Madagascar and Comoros. In the first phase of
Published 21 Jul, 2010 12:00am
BNP-M leader gunned down in Kalat

BNP-M leader gunned down in Kalat

Balochistan National Party of Mengal (BNP-M) leader and member Zamindar Action Committee, Haji Liaquat Ali Mengal has been shot dead here at Mughalzai area of Kalat on Tuesday. According to official sources, BNP-M leader was on way to Baazar from home whe
Published 21 Jul, 2010 12:00am
ASER to conduct unique educational survey in Pakistan

ASER to conduct unique educational survey in Pakistan

Annual Status of Education Report (ASER) will conduct a survey on the quality of education in Pakistan, to be conducted in the rural areas of Pakistan. The survey will be the first of its kind in Pakistan which will be based on the opinion of parents of t
Published 21 Jul, 2010 12:00am
Actions against industrialists: PSPA to announce strategy in three days

Actions against industrialists: PSPA to announce strategy in three days

Pakistan Steel Pipelines Association (PSPA) Chairman, Sanaullah Salman has said that if the government does not stop revengeful activities, PSPA will shutdown industries, which would increase unemployment and poverty in the country. Therefore, FIA should
Published 21 Jul, 2010 12:00am
The Weather

The Weather

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

Published 21 Jul, 2010 12:00am
Mulla Omar, Osama not in Pakistan: Prime Minister

Mulla Omar, Osama not in Pakistan: Prime Minister

Prime Minister Syed Yusuf Raza Gilani Tuesday said neither Mulla Omar nor Osama Bin Laden are in Pakistan and if any one has any credible and verifiable information, it should be shared with us. Talking to a delegation of All Pakistan News Agencies Counci
Published 21 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 21 Jul, 2010 12:00am
'98 percent US visa applications rejected due to fake documents'

'98 percent US visa applications rejected due to fake documents'

United States Consul General Carmela Conroy has said 98 percent of the visa applications from Pakistan are rejected for being supported by fake documents. "Even strong candidates made their cases doubtful by just attaching one fake document to their appli
Published 21 Jul, 2010 12:00am
Seven members of a family gunned down in Jaffarabad

Seven members of a family gunned down in Jaffarabad

Seven persons of a family including children and a woman have been shot dead while three others injured in an attack on Tuesday in Tehsil Suhbatpur of district Jaffarabad. Police told that unidentified gunmen entered house of the family forcibly and opene
Published 21 Jul, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

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

LME official prices

The following were Monday official prices.

Published 21 Jul, 2010 12:00am
Education department asked to regularise 162 lecturers, SSTs

Education department asked to regularise 162 lecturers, SSTs

A division bench of Lahore High Court (LHC) here Tuesday directed Higher Education Department to regularise, in the light of Supreme Court's orders, 162 lecturers and senior school teachers (SST) within one month. The bench comprising Justice Iqbal Hameed
Published 21 Jul, 2010 12:00am
Bullion Rates

Bullion Rates

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

Published 21 Jul, 2010 12:00am
UVAS gets third position in Lahore out of 14 universities

UVAS gets third position in Lahore out of 14 universities

University of Veterinary and Animal Sciences (UVAS) has bagged third position in Lahore out of 14 public and private universities and education institution for producing 101 research papers in peer-reviewed journals indexed by Thomas-Reuters, lSI Web of K
Published 21 Jul, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 21 Jul, 2010 12:00am
'DAE, vocational training curricula being upgraded'

'DAE, vocational training curricula being upgraded'

Keeping in view the market trends and demand of local industry, contents of three technology courses of DAE and 17 courses of vocational training have already been revised. Process has been initiated for revision of course contents of 38 technologies of D
Published 21 Jul, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (July 20, 2010) and for Wednesday (July 21, 2010).
Published 21 Jul, 2010 12:00am
50 CNG repaired buses deployed on routes

50 CNG repaired buses deployed on routes

As many as 50 CNG buses in the metropolis have been repaired and deployed on the routes of Surjani-Towers and Surjani Korangi. This was announced in a statement of the City District Government Karachi (CDGK) on Tuesday. It said that on the public demand,
Published 21 Jul, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

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

Published 21 Jul, 2010 12:00am
Medium/low flood in Indus, Kabul, Chenab

Medium/low flood in Indus, Kabul, Chenab

After widespread rains in the upper regions of the country, three rivers Indus, Chenab and Kabul have reached the stage of medium or low flood running with 5,80,000 cusecs water on Tuesday giving significant boost to the agriculture and livestock sectors
Published 21 Jul, 2010 12:00am
US package positive step: minister

US package positive step: minister

Punjab Finance Minister Tanvir Ashraf Kaira has said that announcement of US package for Pakistan is a positive step between bilateral relations of both countries. He expressed these views while talking to a delegation of MPAs here on Tuesday, disclosed a
Published 21 Jul, 2010 12:00am
Killling of Christian brothers: Chief Justice LHC takes suo motu notice

Killling of Christian brothers: Chief Justice LHC takes suo motu notice

Chief Justice Lahore High Court (LHC), Khawaja Muhammad Sharif here Tuesday took suo motu notice of murder of two Christian brothers in Faisalabad, who were accused in a blasphemy case. Chief Justice directed regional police officer, Faisalabad to appear
Published 21 Jul, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 21 Jul, 2010 12:00am
PAF terms production of JF-17 Thunder success story

PAF terms production of JF-17 Thunder success story

Pakistan Air Force (PAF) Chief Air Chief Marshal Rao Qamar Suleman has termed the development and production of JF-17 Thunder warplanes in co-operation with China as 'success story' and said the two countries will continue their mutual co-operation in the
Published 21 Jul, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 21 Jul, 2010 12:00am
CCP disposes of show cause notices issued to FFC, FFBL

CCP disposes of show cause notices issued to FFC, FFBL

A three-member bench of the Competition Commission of Pakistan (CCP) comprising Chairman CCP Khalid Mirza, Member (Cartels, Monopolies and Trade Abuses) Abdul Ghaffar and Member (Legal/OFT) Rahat Kaunain Hassan, vide its order dated 16 July 2010, disposed
Published 21 Jul, 2010 12:00am
Zardari for early completion of projects in Azad Kashmir

Zardari for early completion of projects in Azad Kashmir

President Asif Ali Zardari has asked the federal government to take necessary steps on priority for completion of ongoing projeccts in Azad Jammu and Kashmir. This he directed during his meeting with the delegation from AJK comprising President AJK Raja Z
Published 21 Jul, 2010 12:00am
Suicide attempt averted in Mardan

Suicide attempt averted in Mardan

Prompt action by security forces has averted a suicide attempt on Tuesday morning in Mardan. According to ISPR, three suicide bombers along with four covering men tried to enter military training area of Mardan at 5am. The bombers were spotted by sentries
Published 21 Jul, 2010 12:00am
THE RUPEE: dollar eases

THE RUPEE: dollar eases

The rupee stood firmly against dollar and euro on the local currency market on Tuesday, dealers said. On the interbank market the rupee posted fresh gain of five paisa at 85.55 and 85.59 in relation to dollar for buying and selling due to strong supply of
Published 21 Jul, 2010 12:00am
Personnel of Bajaur Levy killed

Personnel of Bajaur Levy killed

Unknown gunmen Tuesday here killed a senior official of Bajaur Levy and injuring a passer-by at Tehsil Khar, officials said. Senior official of Bajaur Levy, Sirajul Haq was performing duty at Yusufabad, four kilometer of Bajaur Agency's headquarters Khar,
Published 21 Jul, 2010 12:00am
THE RUPEE: dollar eases

THE RUPEE: dollar eases

The rupee stood firmly against dollar and euro on the local currency market on Tuesday, dealers said. On the interbank market the rupee posted fresh gain of five paisa at 85.55 and 85.59 in relation to dollar for buying and selling due to strong supply of
Published 21 Jul, 2010 12:00am
National Assembly body takes exception on unhygienic food items

National Assembly body takes exception on unhygienic food items

The National Assembly Standing Committee on Human Rights expressed sorrow on Tuesday over provision of spurious water, milk and unhygienic food items and chalked out a strategy to curb the adulteration in the country. A meeting of the committee, which was
Published 21 Jul, 2010 12:00am
Tuwairqi Steel Pakistan to start production by fourth quarter

Tuwairqi Steel Pakistan to start production by fourth quarter

Saudi-owned Tuwairqi Steel Mills Limited (TSML) aims to start production by the beginning of the fourth quarter and grow to eventually become Pakistan's largest steel producer, a TSML executive said on Tuesday. In its first phase, TSML's Karachi-based pla
Published 21 Jul, 2010 12:00am
ECB seeks to allay doubts over Europe''s bank test

ECB seeks to allay doubts over Europe''s bank test

One of Europe''s top central bankers sought on Tuesday to allay concern that a health check of Europe''s lenders was too soft, while three successful debt auctions suggested fears of sovereign meltdown were easing. ECB Governing Council Member Ewald Nowot
Published 21 Jul, 2010 12:00am
ECB seeks to allay doubts over Europe's bank test

ECB seeks to allay doubts over Europe's bank test

One of Europe's top central bankers sought on Tuesday to allay concern that a health check of Europe's lenders was too soft, while three successful debt auctions suggested fears of sovereign meltdown were easing. ECB Governing Council Member Ewald Nowotny
Published 21 Jul, 2010 12:00am
ECB seeks to allay doubts over Europe's bank test

ECB seeks to allay doubts over Europe's bank test

One of Europe's top central bankers sought on Tuesday to allay concern that a health check of Europe's lenders was too soft, while three successful debt auctions suggested fears of sovereign meltdown were easing. ECB Governing Council Member Ewald Nowotny
Published 21 Jul, 2010 12:00am
Bulgarian mountaineer dies

Bulgarian mountaineer dies

A Bulgarian climber has died on an expedition to the top of the world's second-highest mountain, K2, in Pakistan, a Bulgarian climbers' website climbingguidebg.com reported Tuesday. Petar Unzhiev, 40, was part of an 18-man expedition to the 8,611-metre pe
Published 21 Jul, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (July 20, 2010).

Published 21 Jul, 2010 12:00am
Bulgarian mountaineer dies

Bulgarian mountaineer dies

A Bulgarian climber has died on an expedition to the top of the world's second-highest mountain, K2, in Pakistan, a Bulgarian climbers' website climbingguidebg.com reported Tuesday. Petar Unzhiev, 40, was part of an 18-man expedition to the 8,611-metre pe
Published 21 Jul, 2010 12:00am
Targeted killings: toll rises to seven

Targeted killings: toll rises to seven

The death toll in the fresh wave of targeted killings rose to seven in the metropolis on Tuesday. In the first incident, a man was gunned down in the limits of Awami Colony Police Station, Landhi Town. The deceased was identified as Yousuf, 28. The body w
Published 21 Jul, 2010 12:00am
Targeted killings: toll rises to seven

Targeted killings: toll rises to seven

The death toll in the fresh wave of targeted killings rose to seven in the metropolis on Tuesday. In the first incident, a man was gunned down in the limits of Awami Colony Police Station, Landhi Town. The deceased was identified as Yousuf, 28. The body w
Published 21 Jul, 2010 12:00am
Pakistan rejects India's accusations

Pakistan rejects India's accusations

The Foreign Office Spokesman strongly refuted the reported assertions made by India's National Security Advisor Shivshankar Menon on Tuesday, alleging links between Pakistan's establishment and David Headley. He said Menon's baseless accusations were yet
Published 21 Jul, 2010 12:00am
Pakistan rejects India's accusations

Pakistan rejects India's accusations

The Foreign Office Spokesman strongly refuted the reported assertions made by India's National Security Advisor Shivshankar Menon on Tuesday, alleging links between Pakistan's establishment and David Headley. He said Menon's baseless accusations were yet
Published 21 Jul, 2010 12:00am
Next CCP chief: Mirza warns against favouritism

Next CCP chief: Mirza warns against favouritism

The outgoing Chairman of the Competition Commission of Pakistan (CCP), Khalid Mirza on Tuesday cautioned that if the government appointed any political favourite or retired bureaucrat as new head of the commission, it would hamper its smooth functioning.
Published 21 Jul, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jul, 2010 12:00am
Next CCP chief: Mirza warns against favouritism

Next CCP chief: Mirza warns against favouritism

The outgoing Chairman of the Competition Commission of Pakistan (CCP), Khalid Mirza on Tuesday cautioned that if the government appointed any political favourite or retired bureaucrat as new head of the commission, it would hamper its smooth functioning.
Published 21 Jul, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jul, 2010 12:00am
Next CCP chief: Mirza warns against favouritism

Next CCP chief: Mirza warns against favouritism

The outgoing Chairman of the Competition Commission of Pakistan (CCP), Khalid Mirza on Tuesday cautioned that if the government appointed any political favourite or retired bureaucrat as new head of the commission, it would hamper its smooth functioning.
Published 21 Jul, 2010 12:00am
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