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Print - 2010-07-22
China flooding kills 701, worst toll in a decade

China flooding kills 701, worst toll in a decade

More than 1,000 people have died or disappeared in severe flooding in China so far this year, and the heaviest rains are still to come, a senior official warned Wednesday. This year's floods, which have caused tens of billions of dollars in damage already
Published 22 Jul, 2010 12:00am
Iran says scientist provided information on CIA

Iran says scientist provided information on CIA

An Iranian nuclear scientist who returned home last week from the United States provided valuable information about the CIA, a semiofficial news agency reported Wednesday, adding that his spy's tale would be made into a TV movie.
Published 22 Jul, 2010 12:00am
Russia accuses US of 'kidnapping' extradited Russian pilot

Russia accuses US of 'kidnapping' extradited Russian pilot

Russia accused the United States of "kidnapping" a Russian pilot extradited from Liberia in a cocaine smuggling case, the foreign ministry said on Wednesday. The detention in May of cargo-plane pilot Konstantin Yaroshenko by US anti-narcotics police from
Published 22 Jul, 2010 12:00am
US ready to restore dialogue with China's military: Gates

US ready to restore dialogue with China's military: Gates

US Defence Secretary Robert Gates on Wednesday said he stood ready to revive a dialogue with China's military, especially in light of some "worrying" signals from Beijing. Forging relations between the two countries' armed forces was crucial to preventing
Published 22 Jul, 2010 12:00am
Asian bond spreads at one-week low

Asian bond spreads at one-week low

Asian debt spreads tightened to their lowest in a week on Wednesday as extended gains in equities encouraged investors to add more bonds such as those from South Korea's Woori Bank to their portfolios. The broad Asia ex-Japan iTraxx investment-grade index
Published 22 Jul, 2010 12:00am
Asian bond spreads at one-week low

Asian bond spreads at one-week low

Asian debt spreads tightened to their lowest in a week on Wednesday as extended gains in equities encouraged investors to add more bonds such as those from South Korea's Woori Bank to their portfolios. The broad Asia ex-Japan iTraxx investment-grade index
Published 22 Jul, 2010 12:00am
Indian shares higher

Indian shares higher

Indian shares closed 0.6 percent higher on Wednesday as investors remained bullish ahead of major earnings in the next few sessions, with firmer global markets also boosting sentiment. "Today is no different. We are tracking the US, Asian and European mar
Published 22 Jul, 2010 12:00am
Nikkei average down

Nikkei average down

Japan's Nikkei average inched down 0.2 percent on Wednesday, weighed down by worries about a stronger yen and doubts over the US economic recovery as the market awaited events later this week, including the results of European bank "stress tests".
Published 22 Jul, 2010 12:00am
Wednesday's midday trade: stocks little changed

Wednesday's midday trade: stocks little changed

US stocks were little changed on Wednesday as caution before comments from Federal Reserve Chairman Ben Bernanke on the economy and interest rates offset optimism over solid earnings news. Shares of Wall Street firm Morgan Stanley jumped 9.8 percent to $2
Published 22 Jul, 2010 12:00am
Wall Street stays higher

Wall Street stays higher

US stocks rose for a second consecutive day on Tuesday, led by gains in shares of Goldman Sachs and strength in beaten-down homebuilders and raw materials companies. Goldman Sachs Group Inc rose 2.2 percent as buyers materialised after an early selloff on
Published 22 Jul, 2010 12:00am
European CDS tighten

European CDS tighten

European corporate credit default swap spreads opened tighter on Wednesday, tracking global bourses higher on positive earnings news from bellweather stocks. By 0655 GMT, the investment-grade Markit iTraxx Europe index was at 116.75 basis points, accordin
Published 22 Jul, 2010 12:00am
European CDS tighten

European CDS tighten

European corporate credit default swap spreads opened tighter on Wednesday, tracking global bourses higher on positive earnings news from bellweather stocks. By 0655 GMT, the investment-grade Markit iTraxx Europe index was at 116.75 basis points, accordin
Published 22 Jul, 2010 12:00am
Treasuries flat

Treasuries flat

US Treasuries ended mostly flat on Tuesday with two-year yields touching a record low, as more weak housing data reinforced the notion of a slowing recovery and the Federal Reserve sticking to easy monetary policy. A late rebound on Wall Street restrained
Published 22 Jul, 2010 12:00am
Treasuries flat

Treasuries flat

US Treasuries ended mostly flat on Tuesday with two-year yields touching a record low, as more weak housing data reinforced the notion of a slowing recovery and the Federal Reserve sticking to easy monetary policy. A late rebound on Wall Street restrained
Published 22 Jul, 2010 12:00am
Seoul shares up

Seoul shares up

Seoul shares rose on Wednesday led by steelmakers such as POSCO after prices for steel products in China rose. The Korea Composite Stock Price Index (KOSPI) closed up 0.69 percent at 1,748.78 points. Foreign investors were buyers of a net 201.7 billion wo
Published 22 Jul, 2010 12:00am
Hong Kong, Shanghai stocks soar

Hong Kong, Shanghai stocks soar

Shares in Hong Kong rose on Wednesday, led by material and resource issues on the back of higher commodity prices and speculation that China would roll back policy tightening later this year to support growth. Hong Kong's benchmark Hang Seng Index gained
Published 22 Jul, 2010 12:00am
Indonesia hits record high

Indonesia hits record high

Most Southeast Asian stock markets gained on Wednesday amid optimism about the regional economy, with Indonesia hitting a record high and Thailand around two-year highs following record export numbers for June. Investors were still cautious over results f
Published 22 Jul, 2010 12:00am
Most Middle East markets rise

Most Middle East markets rise

Rising oil prices helped Saudi Arabia's index escape more earnings gloom in the world's top crude exporter to end higher on Wednesday after being in negative territory for much of the session. Most other Middle East and global markets also advanced as buo
Published 22 Jul, 2010 12:00am
FTSE springs back

FTSE springs back

Britain's leading shares broke a five-day losing streak on Wednesday after upbeat corporate earnings from the US and positive mergers and acquisitions sentiment spurred a rebound, led by banks and commodities. The FTSE 100 closed up 75.18 points, or 1.5 p
Published 22 Jul, 2010 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton prices bounced Wednesday as spillover from outside markets added to buying based on technical chart cues. Nearby cotton for October delivery settled 0.92 cent, or 1 percent, higher at 73.93 cents a pound on ICE Futures US.
Published 22 Jul, 2010 12:00am
US copper ends up

US copper ends up

US copper finished up over 2 percent on Tuesday, after another sharp drop in London inventory levels and an unexpected rise in US building permits signalled brighter demand prospects going ahead. Copper for September delivery jumped 6.35 cents, or 2.2 per
Published 22 Jul, 2010 12:00am
Shanghai copper gains

Shanghai copper gains

Copper futures rose to near one-week highs on Wednesday, aided by firmer Asian equities and US building permit data that offered hope demand will improve. Technical charts suggest a near-term trendless path for London copper after it jumped 2 percent on T
Published 22 Jul, 2010 12:00am
Copper at three-week high

Copper at three-week high

Copper rose to its highest level in more than three weeks on Wednesday due to strong physical and Chinese buying and falling inventories, but traders said worries over economic growth were likely to keep a lid on prices. Copper's rise lifted other industr
Published 22 Jul, 2010 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures hit a one-week high before reversing the gains to close lower on Wednesday as higher crude oil prices spurred profit-taking. The key Tokyo Commodity Exchange rubber contract for December delivery closed at 263.5 yen per kg, down 1 yen
Published 22 Jul, 2010 12:00am
US soyabeans modestly higher

US soyabeans modestly higher

US soyabean futures on the Chicago Board of Trade ended firm on Tuesday, rallying from early declines as tight cash markets prompted traders to buy old-crop contracts against back months on spreads, traders said. Strength in crude oil and an upturn in US
Published 22 Jul, 2010 12:00am
New York coffee and sugar dip

New York coffee and sugar dip

Arabica coffee futures tumbled in a late-day selling spree to finish at a two-week low on Tuesday, while raw sugar also slipped. Cocoa closed mixed, consolidating after Monday's steeply lower session. "We have a stronger dollar today and is maybe why we h
Published 22 Jul, 2010 12:00am
Malaysian palm oil climbs

Malaysian palm oil climbs

Malaysian crude palm oil rebounded on Wednesday, recouping the previous day's losses, as traders covered short positions following gains in oil and hopes that weather concerns in the US will continue to support grain markets. The benchmark October contrac
Published 22 Jul, 2010 12:00am
London cocoa eases

London cocoa eases

Liffe September cocoa ended 33 pounds lower at 2,286 pounds a tonne on Wednesday. Nearby premiums continue to weaken as prices fall back from a recent 32-year peak. Liffe September robusta coffee settled at $1,672 per tonne, off $12. Market seen coming un
Published 22 Jul, 2010 12:00am
Oil falls on Bernanke comments

Oil falls on Bernanke comments

Oil prices fell more than 1 percent on Wednesday, slumping after two straight higher closes on Federal Reserve Chairman Ben Bernanke's expressions of concerns about the economy and on data showing US crude oil inventories unexpectedly rose last week.
Published 22 Jul, 2010 12:00am
Gold rises in New York

Gold rises in New York

New York gold futures ended higher Tuesday on technical buying after bouncing off the lowest level since May in the previous session, supported by economic worries fuelled by another weak US housing report. COMEX August gold futures settle up $9.80 at $1,
Published 22 Jul, 2010 12:00am
Gold down in Asia

Gold down in Asia

Gold edged down on Wednesday as investors shifted some of their money into firming equities, while a drop in ETF holdings could prompt more selling as bullion struggles to hold above $1,190 an ounce. Gold, which hit an intraday low of $1,188.35 an ounce,
Published 22 Jul, 2010 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold held firm on Wednesday after a weak Portuguese debt auction stoked concerns over the fragility of the eurozone banking sector, knocking the euro, but gains were limited by softer investment demand. A 6.1-tonne fall in holdings of the world's largest
Published 22 Jul, 2010 12:00am
US MIDDAY: coffee and sugar up

US MIDDAY: coffee and sugar up

Arabica coffee and US sugar futures closed higher early on Wednesday, feeling chart-based pressure, while cocoa settled lower. ICE September arabicas were up 0.25 cent at $1.5880 a lb at 1446 GMT. ICE October raw sugar futures were up 0.26 cent at 17.54 c
Published 22 Jul, 2010 12:00am
US MIDDAY: wheat, corn and soya rise

US MIDDAY: wheat, corn and soya rise

Wheat futures on the Chicago Board of Trade, the Kansas City Board of Trade and the Minneapolis Grain Exchange were higher early Wednesday on concerns about hot weather damaging crops in Europe and Russia, traders said. As of 9:37 am CDT (1437 GMT), CBOT
Published 22 Jul, 2010 12:00am
US MIDDAY: copper rallies

US MIDDAY: copper rallies

Copper rallied to its highest level in more than three weeks early on Wednesday, as technical momentum gathered pace, and strong physical and Chinese buying and another hefty drawdown in inventories pointed to a tighter supply/demand balance.
Published 22 Jul, 2010 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell on Wednesday, largely tracking sharply weaker equity markets after Federal Reserve Chairman Ben Bernanke said that the US economy faces "unusually uncertain" prospects. Wall Street fell more than 1 percent after Bernanke told the US Senate Banki
Published 22 Jul, 2010 12:00am
Minister reviews tree plantation campaign

Minister reviews tree plantation campaign

Federal Minister for Environment, Hameed Ullah Jan Afridi asked lined departments to make elaborate arrangements to achieve the targets of monsoon tree plantation campaign and ensure plantation of suitable saplings, which minimise the hazardous effects of
Published 22 Jul, 2010 12:00am
Khyber Pakhtunkhwa establishes provincial ombudsman's office

Khyber Pakhtunkhwa establishes provincial ombudsman's office

The provincial government of Khyber Pakhtunkhwa on Wednesday announced the establishment of the office of Provincial Ombudsman for protection of the rights of people, ensuring adherence to rule of law, redressing and rectifying any injustice done to a per
Published 22 Jul, 2010 12:00am
India adjusts Afghan strategy as endgame quickens

India adjusts Afghan strategy as endgame quickens

With Pakistan set to play a central role in any political settlement of the Afghan war due to its sway over the Taliban, India has few options to counter its bitter rival's influence in the country.
Published 22 Jul, 2010 12:00am
Khyber Pakhtunkhwa Apex policy body reviews law, order situation

Khyber Pakhtunkhwa Apex policy body reviews law, order situation

The Apex Policy Committee of Khyber Pakhtunkhwa in its 24th meeting held under the chairmanship of Governor Owais Ahmed Ghani at Governor's House, Peshawar while taking periodical review of the over all law and order situation in the province and FATA, ha
Published 22 Jul, 2010 12:00am
Urs of Shahbaz Qalandar commences on July 31

Urs of Shahbaz Qalandar commences on July 31

District Co-ordination Officer (DCO) Jamshoro Samiuddin Siddiqui has said the district government Jamshoro has said Sindh Governor, Dr Ishratul Ebad would inaugurate the 758th annual urs celebrations of Hazrat Lal Shahbaz Qalandar on July 31. Sindh Chief
Published 22 Jul, 2010 12:00am
Audit desk established at RTO to facilitate Taxpayers

Audit desk established at RTO to facilitate Taxpayers

Karachi Regional Tax Office (RTO) has set up an audit desk at the Collectorate Audit V to facilitate those taxpayers who have been issued audit notices under the section 25 of the Sales Tax Act 1990, Business Recorder learnt Wednesday.
Published 22 Jul, 2010 12:00am
Thai media scholars meet Zardari

Thai media scholars meet Zardari

President Asif Ali Zardari said that Thailand serves as a role model for many developing countries for development of tourism industry and Pakistan can promote its tourism industry on similar lines. This he said during his meeting with a delegation of Tha
Published 22 Jul, 2010 12:00am
Indian army chief's confession

Indian army chief's confession

Kashmir is the core issue of conflict between Pakistan and India and has led to war on more than one occasions. After the Pakistan-India war of 1971, there had been a long period with relatively few direct armed conflicts involving the military forces of
Published 22 Jul, 2010 12:00am
Azgard's AGM and shareholders' woes

Azgard's AGM and shareholders' woes

The interests of minority shareholders of public limited companies suffer greatly due to lack of a forum where they can place their complaints and grievances with any hope of redress. The annual general meeting of shareholders of Azgard Nine Limited was h
Published 22 Jul, 2010 12:00am
Afghans ask allies: 'Why do you not fight our enemies?'

Afghans ask allies: 'Why do you not fight our enemies?'

There is no other part of Kunduz Province, in northern Afghanistan, where the Taliban are more dangerous than Char Dara. Militant attacks on the resident German forces, there as the lead nation from the Nato-led International Security Assistance Force (IS
Published 22 Jul, 2010 12:00am
Complexities of taxation VAT on supply of services

Complexities of taxation VAT on supply of services

Supply of services presents one of the greatest challenges to the value-added tax. They are now rapidly growing in economic performance, and yet they are defined for the VAT proposes in a residual way: under the proposed law, any transaction that is not a
Published 22 Jul, 2010 12:00am
Viewpoint: The rough ride to peace with India

Viewpoint: The rough ride to peace with India

It, again, is a case of one step forward two steps back between Pakistan and India. If last week's foreign ministers' talks had raised hopes for the resumption of the composite dialogue process, the event's end on an acrimonious note is cause for despair.
Published 22 Jul, 2010 12:00am
After the Jundullah strike in Iran

After the Jundullah strike in Iran

Speaking in Tehran on Sunday, the Iranian President Mahmoud Ahmadinejad accused American forces based in Afghanistan and Pakistan of backing the recent twin suicide bombings in Zahedan, which killed 28 people and injured hundreds others.
Published 22 Jul, 2010 12:00am
Construction of Diamer-Bhasha dam

Construction of Diamer-Bhasha dam

A formal go-ahead for the construction of the Diamer-Bhasha dam, given by the government of Pakistan on 18th July, 2010, could only be termed a highly positive development for the country. The significance of this news is really monumental when realised t
Published 22 Jul, 2010 12:00am
Full court reference held in BHC

Full court reference held in BHC

A full court reference was held on the premises of the Balochistan High Court (BHC) here on Wednesday on the sad demise of three senior lawyers including Muhammad Muqeem Ansari, Tahir Muhammad Khan and Azizullah Khan Kakar alias Azizullah Mama, Advocates.
Published 22 Jul, 2010 12:00am
Presentation on commercial import of used cars: EDB sidelined?

Presentation on commercial import of used cars: EDB sidelined?

Engineering Development Board (EDB), a subsidiary of the Ministry of Industries and Production (MoI&P) is said to have been sidelined with regard to preparation of a presentation on commercial import of used cars, well-informed sources in Planning Commiss
Published 22 Jul, 2010 12:00am
National Assembly body may investigate suspicious appointments in OGDCL

National Assembly body may investigate suspicious appointments in OGDCL

National Assembly's (NA) Standing Committee on Petroleum and Natural Resources, scheduled to meet today (Thursday), would probe into the suspicious appointments of 184 officials in the Oil and Gas Development Company Limited (OGDCL), Business Recorder
Published 22 Jul, 2010 12:00am
ZTBL declares rates of return

ZTBL declares rates of return

Zarai Taraqqiati Bank Limited (ZTBL) has declared the following rates of return on different types of deposits for the half year January-June, 2010: PLS Saving Accounts 5.00 percent per annum and Business Deposit Accounts 5.00 percent per annum.
Published 22 Jul, 2010 12:00am
UN special envoy calls on Hafeez Sheikh

UN special envoy calls on Hafeez Sheikh

Jean-Maurice Ripert, Special Envoy of the United Nation's Secretary General for Assistance to Pakistan called on Federal Minister for Finance, Dr Abdul Hafeez Sheikh here Wednesday. Dr Hafeez Sheikh briefed Ripert about the economic situation of Pakistan.
Published 22 Jul, 2010 12:00am
Sindh government notifies 50 percent increase in salaries

Sindh government notifies 50 percent increase in salaries

Sindh government has increased the salaries of its employees by 50 percent in pursuance of the announcement of the center. In this regard a notification was issued by the Finance Department on Wednesday.
Published 22 Jul, 2010 12:00am
PTA arrests accused, confiscates GSM multiplexers

PTA arrests accused, confiscates GSM multiplexers

Pakistan Telecommunication Authority (PTA) in collaboration with FIA Cyber Crime Wing raided an illegal gateway exchange in Hyatabad, Peshawar, arrested one person while confiscating GSM Multiplexers switches and other accessories. It may be mentioned tha
Published 22 Jul, 2010 12:00am
100th Jazz Super SMS Khazana winner announced

100th Jazz Super SMS Khazana winner announced

Mobilink, Pakistan's market leader in cellular services and part of Orascom Telecom Holding, has recently announced the 100th winner of Jazz Super SMS Khazana, an exciting trivia-based contest which gives Jazz customers a chance to win cash prizes on dail
Published 22 Jul, 2010 12:00am
Limiting cotton purchase for two months: PCF rejects 'vague' proposal

Limiting cotton purchase for two months: PCF rejects 'vague' proposal

Chairman Pakistan Cotton Forum (PCF), Seth Muhammad Akbar said categorically that no intervention to free market mechanism beyond July 26 will be acceptable to growers, ginners, spinners and organised value added textile manufacturers. Vested interest ele
Published 22 Jul, 2010 12:00am
Hiring foreign consultants: Punjab government ignores procurement rules

Hiring foreign consultants: Punjab government ignores procurement rules

Punjab government has ignored procurement rules in tenders for hiring foreign consultants/consortia for evaluation and techno-economic feasibility of Iron Ore reserves in different parts of the province. A print media advertisement appeared in a section o
Published 22 Jul, 2010 12:00am
Board of senior doctors constituted for Hashmi

Board of senior doctors constituted for Hashmi

A 10-member board of renowned neurosurgeons and physicians of the country has been constituted for the medical examination of senior Pakistan Muslim League (N) leader and Member National Assembly Makhdoom Javaid Hashmi which will examine him on 24 July at
Published 22 Jul, 2010 12:00am
13-year-old girl files petition in LHC

13-year-old girl files petition in LHC

A 13-year old girl has filed a petition before the Lahore High Court (LHC) here on Wednesday seeking protection and action against her father, brother in-law and police. She was to wed a 55-year-old man against Rs 70,000. She has filed the petition before
Published 22 Jul, 2010 12:00am
Government urged to make APTTA public

Government urged to make APTTA public

The Lahore Chamber of Commerce and Industry on Wednesday urged the government to make the Afghan-Pakistan Transit Trade Agreement (APTTA) public, as government's backtracking on signing of agreement has complicated the issue to the extent that it is creat
Published 22 Jul, 2010 12:00am
Pepco to open tenders of CFLs/energy savers

Pepco to open tenders of CFLs/energy savers

Pakistan Electric Power Company (PEPCO) will open Tenders of Compact Fluorescent Lamps (CFLs)/energy savers on Thursday (today). In this regard tender opening ceremony will be held at Wapda House.
Published 22 Jul, 2010 12:00am
HEC requested to furnish record of Intermediate certificates

HEC requested to furnish record of Intermediate certificates

The spokesman of the Punjab University (PU) has said that the university has requested the Higher Education Commission to furnish the record of Intermediate examination certificates of 18 parliamentarians to complete verifications of their degrees.
Published 22 Jul, 2010 12:00am
Security beefed up

Security beefed up

Punjab police have been directed to beef up the security of sensitive installations in wake of terror threats. According to sources, Home department Punjab sends a circular to IG Punjab and other concerned departments to make foolproof security of the sen
Published 22 Jul, 2010 12:00am
Heavy rains Commissioner inspects low-lying areas

Heavy rains Commissioner inspects low-lying areas

Divisional Commissioner Tahir Hussain surprisingly inspected low-lying areas of the city after heavy rains. DCO Naseem Sadiq, acting Managing Director Wasa and concerned officers were also present at this time. Divisional Commissioner and DCO jointly visi
Published 22 Jul, 2010 12:00am
Lahore receives heaviest downpour of season

Lahore receives heaviest downpour of season

The provincial capital on Wednesday received the heaviest downpour (150 mm) of the on-going monsoon rain, which inundated majority of the city localities, and thus leaving the city life paralysed. Wednesday's rain in Lahore was recorded highest in the cou
Published 22 Jul, 2010 12:00am
US war on terror must be reviewed immediately: Jamaat-e-Islami

US war on terror must be reviewed immediately: Jamaat-e-Islami

Naib Amir of Jamaat-e-Islami Pakistan Senator Professor Khurshid Ahmad has strongly condemned the high handed manner in which the US Secretary of State Hillary Clinton had tried to impose US will on Pakistan. He has demanded that the US war on terror, whi
Published 22 Jul, 2010 12:00am
Agreement on Kasa hill marble project signed

Agreement on Kasa hill marble project signed

After hectic measures taken by the Pakistan Army and the Balochistan government, a landmark agreement of controversial Kasa hill marble project was signed by the elders of Ali Zai tribe. Army officials, representatives of mines and minerals, elders of Ali
Published 22 Jul, 2010 12:00am
Tax evasion scams 10 customs officers suspended

Tax evasion scams 10 customs officers suspended

Research and Development (R&D) wing of Model Collectorate of Customs (MCC) on Wednesday suspended 10 customs officers on charges of involvement in tax evasion scams. Sources told Business Recorder on Wednesday that the R&D wing of MCC had received
Published 22 Jul, 2010 12:00am
'Increase in fee not to discourage corporate sector': SECP clarification

'Increase in fee not to discourage corporate sector': SECP clarification

With reference to news in a section of the press, the Securities and Exchange Commission of Pakistan (SECP) on Wednesday clarified that the increase in the fee structure will not discourage the corporate sector, or undermine the corporatization and docume
Published 22 Jul, 2010 12:00am
No let-up in targeted killings in Karachi: toll tops 11

No let-up in targeted killings in Karachi: toll tops 11

A man was killed and the bullet-riddled bodies of three more persons were recovered from various areas of the city on Wednesday, police said. With this, the death toll in recent spate of targeted killings has risen to 11. Two-day old bullet-riddled body o
Published 22 Jul, 2010 12:00am
CNG association team to meet SNGPL officials

CNG association team to meet SNGPL officials

A delegation of All Pakistan CNG Association headed by its Chairman Ghiyas Abdullah Paracha would meet Sui Northern Gas Pipe Lines (SNGPL) senior officials here Thursday at SNGPL head office to resolve the issue of CNG load shedding. The delegation will d
Published 22 Jul, 2010 12:00am
Impact of 18 Amendment: PILDAT to hold briefing session today

Impact of 18 Amendment: PILDAT to hold briefing session today

Pakistan Institute of Legislative Development and Transparency (PILDAT) is holding a briefing session for the Punjab Assembly on "The Impact of the 18th constitutional Amendment and the 7th NFC Award on the Federation-Provinces Relations" on Thursday (tod
Published 22 Jul, 2010 12:00am
Karachi University undertakes verification of degrees on time

Karachi University undertakes verification of degrees on time

The University of Karachi has denied media reports that it sought additional time for the verification of degrees sent by the Higher Education Commission (HEC). The Pro Vice-Chancellor of Karachi University, Professor Dr Nasiruddin Khan, said on Wednesday
Published 22 Jul, 2010 12:00am
HSSC Part II Home Economics exams results announced

HSSC Part II Home Economics exams results announced

Board of Intermediate Education Karachi (BIEK) on Wednesday announced the annual results of the Higher Secondary School Certificate (HSSC) Part II Home Economics Group Annual Examination-2010. The students of Rana Liaquat Ali Khan Government College of Ho
Published 22 Jul, 2010 12:00am
Faysal Bank adds four more Barkat Islamic branches

Faysal Bank adds four more Barkat Islamic branches

Aggressively pursuing its mission of achieving leadership in providing financial services in chosen markets through innovation, Faysal Bank Limited has opened up a total of ten Islamic banking branches in seven cities under the brand 'Barkat Islamic Banki
Published 22 Jul, 2010 12:00am
BoI asked to ensure one-window operation for investors

BoI asked to ensure one-window operation for investors

Prime Minister Yusuf Raza Gilani on Wednesday emphasised that the Board of Investment (BoI) must follow its objectives and ensure one window operation for investors all over the country. Highlighting the important role of the BoI, Gilani said it acts as a
Published 22 Jul, 2010 12:00am
One killed in DMJ

One killed in DMJ

A man was killed on Wednesday when unknown assailants opened fire on him at Goth Karim Bakhsh of Gandakha. According to police officials, unidentified men in the precincts of Gandakha police station peppered Nazar Mohammad with bullets, killing him instan
Published 22 Jul, 2010 12:00am
Shujaat, Mushahid vow to make Q League more cohesive

Shujaat, Mushahid vow to make Q League more cohesive

Pakistan Muslim League (PML-Q) President Chaudhry Shujaat Hussain and Secretary General Mushahid Hussain Sayed on Wednesday vowed to carry forward the mission of safeguarding the public and national interests, making the party more cohesive, vibrant and r
Published 22 Jul, 2010 12:00am
Kashgar, a hub for Pakistani exporters, says Chinese media

Kashgar, a hub for Pakistani exporters, says Chinese media

Kashgar - an important transit point on the ancient Silk Route and a gateway between China and Pakistan - has earned a special distinction during President Asif Ali Zardari six-day official visit to China early this month. It has been declared a special e
Published 22 Jul, 2010 12:00am
Global Innovation Index: Pakistan ranked at 103rd

Global Innovation Index: Pakistan ranked at 103rd

The Global Innovation Index (GII)-2009-10 has ranked Pakistan at 103 position out of 134 countries as far as innovative entrepreneurship is concerned, revealed an expert Dr Sohail Jahangir Malik, Chairman Innovative Development Strategies (Pvt) Ltd in his
Published 22 Jul, 2010 12:00am
Best performance NFEH announces environment awards for 58 companies

Best performance NFEH announces environment awards for 58 companies

National Forum for Environment & Health (NFEH) announced results of 7th Annual Environment Excellence Awards for best performance of 2009-2010 (AEEA), President NFEH M Naeem Qureshi and Chairman Dr Kaiser Waheed announced this during the final meeting of
Published 22 Jul, 2010 12:00am
Novel way of electricity theft detected

Novel way of electricity theft detected

A novel way of electricity theft detected in Akhtar Abad near Renala Khurd wherein electricity was being stolen using remote control by the Welcome Bakery. On the directions of Chief Executive Lesco, Saleem Akhtar checking team under the supervision of Ma
Published 22 Jul, 2010 12:00am
NH&MP shows excellent performance during first half of 2010

NH&MP shows excellent performance during first half of 2010

Excellent performance has shown by the National Highway and Motorway Police (NH&MP) N-5 North Zone during the first half of 2010 in reducing accidents ratio and assisting the road users in distress, said Deputy Inspector General (DIG) Abbas Hussain Malik
Published 22 Jul, 2010 12:00am
Senate session summoned for July 26

Senate session summoned for July 26

President Asif Ali Zardari has summoned the Senate to meet on Monday (July 26, 2010), says a notification issued here on Wednesday. The President has summoned the session of the Upper House in exercise of the powers conferred on him by clause one of the A
Published 22 Jul, 2010 12:00am
Presidency acts to rehabilitate Attaabad Lake

Presidency acts to rehabilitate Attaabad Lake

A high-level emergency meeting in the Presidency Wednesday considered options available to rehabilitate the Attaabad Lake in Gilgit Baltistan and restore the damaged portion of the Karakoram Highway (KKH) and decided to resort to controlled blasting to lo
Published 22 Jul, 2010 12:00am
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