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Print - 2010-09-26
Soyabeans soar to one-year high, soyaoil at two-year top

Soyabeans soar to one-year high, soyaoil at two-year top

Front-month soyabean futures on the Chicago Board of Trade soared to a one-year high Friday, surging above $11 a bushel as a drop in the dollar lifted most commodities including grains and oilseeds, traders said. Dollar down broadly as German data boosts
Published 26 Sep, 2010 12:00am
US copper ends at five-month top

US copper ends at five-month top

US copper futures charged to a new five-month top above $3.60 per lb on Friday, with the bullish prospect of a cheap dollar and improved demand outlook through the end of the year powering the recent price momentum. Copper for December delivery finished u
Published 26 Sep, 2010 12:00am
US gold hits record above $1,300 an ounce

US gold hits record above $1,300 an ounce

US gold futures ended higher on Friday, hitting a record above $1,300 an ounce on worries over economic uncertainty after the Federal Reserve raised expectations of new measures to stimulate growth. COMEX December gold futures settled up $1.80 at $1,298.1
Published 26 Sep, 2010 12:00am
Indian corn exports set to climb

Indian corn exports set to climb

India's corn exports are set to climb as Asian feed producers scramble to lock in cheaper cargoes in the face of strengthening global grain prices and a lack of feed wheat from the drought-parched Black Sea area. The country could sell more than 3 million
Published 26 Sep, 2010 12:00am
World cotton 2010-11 imports seen highest in three years: ICAC

World cotton 2010-11 imports seen highest in three years: ICAC

Global cotton imports are forecast to increase by 8 percent to 8.4 million tonnes, the largest level in three years, led by a surge in demand from China, an international farm group said on Thursday. The International Cotton Advisory Committee secretariat
Published 26 Sep, 2010 12:00am
Asian sugar: Indian whites sold; Thai premiums near high

Asian sugar: Indian whites sold; Thai premiums near high

A small quantity of Indian white sugar changed hands for nearby shipment, but consumers shunned Thai origin because of high prices, dealers said on Wednesday. Indonesia's plan to buy nearly half a million tonnes of white sugar for shipment next year had y
Published 26 Sep, 2010 12:00am
Commodity spreads offer gains as markets stall

Commodity spreads offer gains as markets stall

Commodities have disappointed many investors over the last year but there are still gains to be made by trading spreads across and within commodity markets. VOC Capital Management, a small, specialist commodity-only fund manager based in London's Mayfair
Published 26 Sep, 2010 12:00am
India sells soyameal, Australia eyes Iraq tender

India sells soyameal, Australia eyes Iraq tender

India sold some 18,000 tonnes of soymeal to South Korea for November shipment, while Australian exporters are hoping to win a tender issued by Iraq this week to purchase 100,000 tonnes of wheat. India is also actively selling corn, striking deals with fee
Published 26 Sep, 2010 12:00am
Gold powers to record above 1,300 dollars

Gold powers to record above 1,300 dollars

Gold prices shot above 1,300 dollars for the first time and silver nailed a 30-year high last week as traders exited the US currency for safe-haven investments on worries about fragile economic recovery. Gold and silver rallied as investment demand propel
Published 26 Sep, 2010 12:00am
US wants more aid recognition in Pakistan

US wants more aid recognition in Pakistan

Concerned that US help to Pakistan is not getting enough recognition, Washington is making a new push to get international aid groups it funds to advertise the fact. But it is meeting resistance from partners worried US branding could prompt Taliban attac
Published 26 Sep, 2010 12:00am
One-time property tax being considered

One-time property tax being considered

Federal Minister for Information and Broadcasting Qamar Zaman Kaira has said no suggestion on flood tax has been discussed as yet at the federal level while some provinces contemplating a one-time property tax to generate funds for flood-affected areas.
Published 26 Sep, 2010 12:00am
Seven flood victims killed as truck overturns

Seven flood victims killed as truck overturns

At least seven people were killed, 24 injured as truck, carrying flood victims from Quetta to Shikarpur, overturned near Bolan Pass, a private TV channel reported on Saturday. The flood victim, settled in Quetta relief camp, were going back to their nativ
Published 26 Sep, 2010 12:00am
Manchhar Lake: Water begins to recede

Manchhar Lake: Water begins to recede

The water level at Manchhar Lake started to go down once again with water flowing out from breaches in RD 95, 96 and 97, on Saturday. The breaches widened to 4300-foot. However, the lake continues to receive water from FP Bund, a private news channel repo
Published 26 Sep, 2010 12:00am
Government decision to impose 'flood tax' criticised

Government decision to impose 'flood tax' criticised

President of Multan Chamber of Commerce and Industry (MCCI) Malik Asrar Ahmed Awan has vehemently rejected government's decision to introduce flood surcharge on import items, machinery, automobiles, spare parts, medicines, saying levying of import tax to
Published 26 Sep, 2010 12:00am
Foreign Minister appreciates British government efforts

Foreign Minister appreciates British government efforts

The Foreign Minister Shah Mahmood Qureshi on Saturday thanked the Foreign Secretary of United Kingdom for the assistance provided by the British government and public for the flood victims of Pakistan. The Foreign Minister held a meeting with the Foreign
Published 26 Sep, 2010 12:00am
Government determined to overcome flood crisis: Wajid

Government determined to overcome flood crisis: Wajid

Pakistan High Commissioner to the UK Wajid Shamsul Hasan has said that the government is determined to surmount the crisis brought about by the unprecedented floods and the assistance provided by the international community will be used in transparent and
Published 26 Sep, 2010 12:00am
Reconstructing homes: Nawaz for Rs 100,000 per family

Reconstructing homes: Nawaz for Rs 100,000 per family

Nawaz Sharif said on Saturday that the government should immediately provide Rs 100,000 per family for provinces to construct homes in the flood affected areas. While vowing to rehabilitate the flood affected people as national responsibility, he said tha
Published 26 Sep, 2010 12:00am
US CG lauds international community for extending relief aid

US CG lauds international community for extending relief aid

US Consul General William Martin on Friday hosted a reception in honour of the consular corps at his residence here. Speaking on the occasion, he congratulated the consul generals and their government for showing generosity and compassion to the victims o
Published 26 Sep, 2010 12:00am
'Treatment, Care & Support Packages' distributed

'Treatment, Care & Support Packages' distributed

On the direction of Secretary Health, the Punjab AIDS Control Programme, in collaboration with UNICEF and UNAIDS, has distributed "Treatment, Care & Support Packages" to AIDS patients from flood affected districts. The packages were comprised of food item
Published 26 Sep, 2010 12:00am
'Flood losses estimated at $43 billion'

'Flood losses estimated at $43 billion'

Punjab Minister for Finance and Planning & Development, Tanvir Ashraf Kaira, has said that Pakistan is passing through a very critical era because the country is facing huge losses due to worst ever flood in Pakistan's history and war against terrorism, g
Published 26 Sep, 2010 12:00am
Please take 'em to Hollywood

Please take 'em to Hollywood

This refers to a September 19 news item that popular Hollywood actress and a UN Goodwill Ambassador Angelina Jolie has recommended our tinselly attired Prime Minister Gilani to a stint in the tinsel town of Hollywood. Gilani, with raw acting talent, to hi
Published 26 Sep, 2010 12:00am
Supreme Court is supreme

Supreme Court is supreme

Soon after taking oath as prime minister by selection during World War II, Sir Winston Churchill, in his first cabinet meeting, asked: "is Judiciary functioning", to which the law secretary replied, "It is functioning without let or hindrance throughout t
Published 26 Sep, 2010 12:00am
Roma face prejudices across E Europe

Roma face prejudices across E Europe

The recent French expulsions of illegal Roma immigrants has drawn attention to an ethnic minority which has spread across many borders and faces the same problems and prejudices almost everywhere in Central and Eastern Europe. There are several million Ro
Published 26 Sep, 2010 12:00am
Harnessing natural resources

Harnessing natural resources

Everybody knows and realises the havoc that acute shortage of water and power is doing to our country economy. There is a lot of questions but no definite answers, if some one answer nobody believes it. Everyday we read, watch and hear that Pakistan has e
Published 26 Sep, 2010 12:00am
Corporate governance

Corporate governance

The whole world is in economic and financial crisis. Struggle is going on to come out of it. Several solutions have been suggested and are being offered by scholars, economists, government functionaries and other stakeholders. This piece presents a lucid
Published 26 Sep, 2010 12:00am
Dr Aafia's ordeal

Dr Aafia's ordeal

US-trained Pakistani neuroscientist Dr Aafia Siddiqui, 38, was convicted after a jury trial in a US federal court of assault with intent to murder her US interrogators in Afghanistan and awarded an extra hard sentence of 86 years in jail. According to the
Published 26 Sep, 2010 12:00am
Documenting the economy

Documenting the economy

On being told that 80 percent of the notices sent to the 119,000 non-filers of tax returns, came back on account of wrong address or were actual filers, a decision has reportedly been taken by FBR's Reform Co-ordination Group (RCG) to utilise the data of
Published 26 Sep, 2010 12:00am
Seminar on heart diseases held

Seminar on heart diseases held

Speakers while addressing a seminar on "Increasing Heart Diseases and Media Responsibility" stressed the need for raising awareness about increasing heart diseases and said the media should play its role in this regard. Dr Shehryar Cardiologist, Dr Umer C
Published 26 Sep, 2010 12:00am
'Higher education the right of every Pakistani'

'Higher education the right of every Pakistani'

President Pakistan Economic Resource Centre Hamid Sultan has said higher education is not just for the privileged class but it is the right of every Pakistani who has been left illiterate due to lack of proper educational facilities in the country.
Published 26 Sep, 2010 12:00am
22nd Convocation of LUMS held

22nd Convocation of LUMS held

22nd Convocation of Lahore University of Management Sciences (LUMS) was held amid high security and extra ordinary security measures were taken by the administration of the University as well as the provincial administration due to the security threats gi
Published 26 Sep, 2010 12:00am
Two killed, six injured in firing incident

Two killed, six injured in firing incident

Three unidentified men opened firing at a mosque 'Al-Qamar' here early on Saturday morning, killing two people and injuring six others. Protesting against the incident, people gathered on the streets and blocked roads and raised slogans against the distri
Published 26 Sep, 2010 12:00am
Two children die as roof caves in

Two children die as roof caves in

Two children were killed and two women sustained injuries when a three story building collapsed near Gunj Gate, a thinly populated area of Peshawar city on Saturday morning. After getting information regarding the collapse of the building, the rescuers of
Published 26 Sep, 2010 12:00am
CM Punjab briefed about 'mobile healthcare' system

CM Punjab briefed about 'mobile healthcare' system

Managing director of a local mobile hospital manufacturing company Ahmad Medix Private Limited, Dr Sohail M. Ahmad met Punjab Chief Minister, Shahbaz Sharif here on Saturday and briefed him about the mobile healthcare system. Speaking on the occasion, the
Published 26 Sep, 2010 12:00am
Pakistan Steel Re-Rolling Mills Association elects office-bearers

Pakistan Steel Re-Rolling Mills Association elects office-bearers

The 49th annual general meeting of the Pakistan Steel Re-Rolling Mills Association on Saturday elected Dewan Abu Obaida Farooqui as Chairman, Mian Manzoor Ahmad as Vice Chairman (Lahore Circle) and Sheikh Khurram Ishtiaq as Vice Chairman (Karachi Circle)
Published 26 Sep, 2010 12:00am
PTI demands mid-term polls under independent EC

PTI demands mid-term polls under independent EC

Pakistan Tehreek-e-Insaf (PTI) has rejected the IMF-dictated economic policies being followed by the present PPP-led government, saying that these policies have caused hyperinflation. Addressing a press conference here on Saturday, Chairman PTI Imran Khan
Published 26 Sep, 2010 12:00am
Islamabad Police arrest 2,702 criminals during campaign against outlaws

Islamabad Police arrest 2,702 criminals during campaign against outlaws

Islamabad Police arrested 2702 criminals, including 532 for possessing illegal arms, 106 for murder, 146 for attempt to murder, 297 for rape and kidnapping, 321 for dacoities, 513 for drug trafficking, 96 proclaimed offenders and 191 court absconders duri
Published 26 Sep, 2010 12:00am
Aafia must be allowed to appeal against judgement: NCSW

Aafia must be allowed to appeal against judgement: NCSW

The National Commission on the Status of Women (NCSW) on Saturday demanded that Dr Aafia Siddiqui must be allowed to appeal against the judgement in a neutral court or sent back to her home country where law can take its due course. In a statement, the NC
Published 26 Sep, 2010 12:00am
Lawyers urged to observe strike on October 1

Lawyers urged to observe strike on October 1

Chaudhry Muhammad Nasrullah Warraich, Chairman, Executive & Human Rights Committees of the Pakistan Bar Council (PBC) has strongly condemned the unfair, unjust and illegal 86 years sentencing in prison of Dr Aafia Siddiqui by a US court and appealed to th
Published 26 Sep, 2010 12:00am
'Any change at the cost of democracy to be harmful'

'Any change at the cost of democracy to be harmful'

Aftab Ahmed Khan Sherpao, chief of his own faction of PPP-Sherpao, has said that any change at the cost of democracy would be harmful for the country, and it is the duty of the rulers to save democracy as well as the country. Addressing a press conference
Published 26 Sep, 2010 12:00am
Prices rise manifold in absence of any monitoring mechanism

Prices rise manifold in absence of any monitoring mechanism

In the absence of any price monitoring mechanism, the prices of essential kitchen items have increased manifold, according to a survey carried out by Business Recorder. The survey noted that shopkeepers are selling different kitchen items like meat
Published 26 Sep, 2010 12:00am
MSSST services for promotion of sports commendable: KP IGP

MSSST services for promotion of sports commendable: KP IGP

Malik Saad Shaheed Sports Trust (MSSST) Registered services for the promotion of Sports are really commendable. This was stated by Inspector-General Police KPK Fiaz Khan Toru, while writing his impression in visitor's book after visiting Central Office of
Published 26 Sep, 2010 12:00am
ANP rejects media reports about Asfandyar's return

ANP rejects media reports about Asfandyar's return

Awami National Party (ANP) Chief Asfandyar Wali, who was on a private visit to Dubai, has returned cutting short his trip in the backdrop of political upheaval in the country. According to media reports, Prime Minister Yousaf Raza Gilani had asked the ANP
Published 26 Sep, 2010 12:00am
Former Brigadier Imtiaz released from Adiala Jail

Former Brigadier Imtiaz released from Adiala Jail

Former head of the Intelligence Bureau (IB) Brigadier Imtiaz Ahmed (Retd) was released from Adiala Jail on Saturday. Superintendent Adiyala Jail Saeed Ullah Gondal has confirmed the bail of Brigadier Imtiaz Ahmed(Retd). On Thursday, a division bench of th
Published 26 Sep, 2010 12:00am
PRGMEA elects office-bearers

PRGMEA elects office-bearers

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) elections for the office bearers of South Zone were held in the central office of the association in Karachi on Saturday. Polling was conducted for the eight vacant seats of Zonal
Published 26 Sep, 2010 12:00am
BPP helps establish BHU at Tando Muhammad Khan

BPP helps establish BHU at Tando Muhammad Khan

District Administrator Tando Muhammad Khan Ali Ahmed Lund has appreciated services of British Petroleum (BPP) Pakistan for the health and education sectors of the district under its corporate social responsibility, saying investment by BPP in the sectors
Published 26 Sep, 2010 12:00am
Loadshedding adversely affecting industrial machinery at Bin Qasim

Loadshedding adversely affecting industrial machinery at Bin Qasim

The industrial machinery at Port Qasim industrial area is turning down due to unannounced loadshedding, said Bin Qasim Association of Trade and Industry (BQATI) in a statement on Saturday. The menace is inflicting heavy losses on the industries in the por
Published 26 Sep, 2010 12:00am
SSC Part I results on September 27

SSC Part I results on September 27

The Board of Secondary Education Karachi (BSEK) will announce the result of SSC Part I (Class IX) General Group Regular and Private Annual Examination 2010 on September 27. This was announced by the Controller of Examinations of the BSEK on Saturday.
Published 26 Sep, 2010 12:00am
'Performance' of RTO Karachi criticised

'Performance' of RTO Karachi criticised

Billion of rupees of the exporters of Value Added Textile Sector are held up with the Regional Tax Office (RTO) causing great miseries just because of apathy of the RTO, stated M. Jawed Bilwani, Chairman, Pakistan Apparel Forum (PAF). He revealed that it
Published 26 Sep, 2010 12:00am
Silver at new high, gold steady

Silver at new high, gold steady

Silver prices on Saturday hit historic high mark of Rs 625 per tola while gold price remained steady at the last high of Rs 41, 450 per tola on the local market, traders said. Silver surpassed the last high of Rs 620 per tola to fresh peak of Rs 625, they
Published 26 Sep, 2010 12:00am
World Space Week celebrations to begin from October 4

World Space Week celebrations to begin from October 4

The Pakistan Space & Upper Atmosphere Research Commission (Suparco) has drawn up an elaborate program to celebrate World Space Week (WSW) 2010 from October 4 to 10 in a befitting manner. The WSW is an annual event and is celebrated in some 50 countries of
Published 26 Sep, 2010 12:00am
APC receives Data Centres Europe special award

APC receives Data Centres Europe special award

APC by Schneider Electric on Saturday announced it received the Data Centres Europe Conference special award for its outstanding contribution to innovation and education in the data center sector. With this award, the 6th Data Centres Europe 2010 Conferen
Published 26 Sep, 2010 12:00am
KCCI urges MoC to establish research, development authority

KCCI urges MoC to establish research, development authority

The Karachi Chamber of Commerce and Industry (KCCI) has recommended Ministry of Commerce to establish a Research and Development Authority. In a communication to Federal Minister for Commerce Makhdoom Amin Fahim, KCCI President Abdul Majid Haji Muhammad s
Published 26 Sep, 2010 12:00am
Many suffering from dengue fever in Karachi

Many suffering from dengue fever in Karachi

Though two cases of human deaths by dengue have been confirmed in the city this year while many patients are suffering from the dangerous fever, the government is yet to take steps against the fast spreading disease. After the monsoon rains across the cou
Published 26 Sep, 2010 12:00am
IUCN, Barclays Bank to work on mangrove plantation

IUCN, Barclays Bank to work on mangrove plantation

IUCN and Barclays Bank PLC, Pakistan signed an agreement at the office of Barclays Bank, which was inked by Shah Murad Aliani, Country Representative IUCN Pakistan and Arslan Nayeem, Head of Commercial Bank, Barclays Bank PLC. Under this agreement IUCN Pa
Published 26 Sep, 2010 12:00am
Re-instatement: minister congratulates SSGC employees

Re-instatement: minister congratulates SSGC employees

Federal Minister for Labour and Manpower Syed Khursheed Ahmed Shah has congratulated the sacked employees on their re-instatement in SSGC. Addressing the gathering of SSGC employees in front of the Mazar of Shaheed Mohtarma Benazir Bhutto at Garhi Khuda B
Published 26 Sep, 2010 12:00am
OIC calls for immediate halt to IHK violence

OIC calls for immediate halt to IHK violence

Foreign ministers of Islamic countries have voiced concern over the indiscriminate use of force by security forces against unarmed civilians in Indian-occupied Kashmir, and urged the international community to help settle the Indo-Pakistan dispute.
Published 26 Sep, 2010 12:00am
Ministry holds Ogra responsible for petrol crisis

Ministry holds Ogra responsible for petrol crisis

Ministry of Petroleum has held Oil and Gas Regulatory Authority (Ogra) responsible for the recent petrol shortage crisis, alleging that the latter failed to take timely action against hoarders and black marketers.
Published 26 Sep, 2010 12:00am
Sindh chief minister visits '90' to condole Dr Farooq's death

Sindh chief minister visits '90' to condole Dr Farooq's death

Sindh Chief Minister, Syed Qaim Ali Shah along with other leaders of the PPP, visited Muttahida Qaumi Movement (MQM), headquarter at Azizabad to condole the death of MQM leader Dr Imran Farooq on Saturday. Later talking to media, Shah said he met with the
Published 26 Sep, 2010 12:00am
Doctor among six gunned down in Karachi

Doctor among six gunned down in Karachi

Six more people including a doctor on Saturday fell prey to ongoing spree of targeted killings in the city. A 40-year-old doctor was killed by pillion riders, in Sector 11-1/2, Orangi Town. The victim died on the spot. Later, the body of the victim was mo
Published 26 Sep, 2010 12:00am
Wasa installs tracking system in field vehicles

Wasa installs tracking system in field vehicles

The Water and Sanitation Agency (Wasa) has installed tracking system in its field vehicles to improve Agency's efficiency and minimise fuel pilferage. According to a Wasa's spokesman here on Saturday, in the first phase tracking system has been installed
Published 26 Sep, 2010 12:00am
Punjab University issues MBBS, Pharm-D exams schedule

Punjab University issues MBBS, Pharm-D exams schedule

Punjab University (PU) Examinations Department has announced the written date sheets of MBBS, Second Professional (New Re-Organised Scheme), Annual Examination 2010, BBS, Second Professional (Latest New Re-Organised Scheme), Annual Examination 2010, Docto
Published 26 Sep, 2010 12:00am
PML-N urged to join unification efforts

PML-N urged to join unification efforts

Ashraf Qureshi, central joint secretary of PML-F, has suggested that PML-N high command, setting aside personal differences, should join the upcoming unification of various factions of Muslim League, otherwise it would have to face a difficult situation i
Published 26 Sep, 2010 12:00am
LDA's advice to job seekers

LDA's advice to job seekers

The Lahore Development Authority (LDA) has advised the job applicants to submit their application by September 29. According to LDA's spokesman, last date for applying to three posts of Deputy Director Town Planning LDA, 30 vacancies of Assistant Director
Published 26 Sep, 2010 12:00am
Court acquits Jehangir Badar in illegal assets case

Court acquits Jehangir Badar in illegal assets case

A local accountability court acquitted Secretary General of Pakistan People's Party (PPP) Jehangir Badar in illegal assets case. According to details, Badar had charges for acquiring illegal assets worth millions of rupees. Badar said some cases were made
Published 26 Sep, 2010 12:00am
Protest demonstrations slam inflated power bills

Protest demonstrations slam inflated power bills

Two protest demonstrations were organised by the traders of Sadar Bazar and adjacent shopping centres in the cantonment area and Vehari Road, Multan against inflated bills of electricity wherein a large number of women also protested. They burnt power bil
Published 26 Sep, 2010 12:00am
Corruption cannot be respected: Qazi Anwar

Corruption cannot be respected: Qazi Anwar

President Supreme Court Bar Association (SCBA), Qazi Muhammad Anwar has said mutual respect is a good thing, but 'corruption' cannot be respected, adding that Supreme Court and High Courts should further judicial activism, as it is the only means to give
Published 26 Sep, 2010 12:00am
'Steps suggested to curb smuggling through new ATTA'

'Steps suggested to curb smuggling through new ATTA'

Chief Collector of Customs South and Director General of Customs Valuation, Ameer Mohammad Khan Marwat has said import duty structure of Afghanistan is comparatively much lower than Pakistan, which results in huge smuggling of goods from Afghanistan to Pa
Published 26 Sep, 2010 12:00am
Two accused with arms held

Two accused with arms held

Crime Investigation Department (CID) Police Sindh has arrested accused Rauf Baloch and Iqbal alias Captain, involved in Lyari gang war from Ghulshan-e-Iqbal near Hassan Square. The police also recovered one LMG, 05 Kalashnikovs, 2 rifles, 2 TT pistols, 8
Published 26 Sep, 2010 12:00am
World Contraception Day today

World Contraception Day today

World Contraception Day will be marked around the world on Sunday (today) and to highlight the importance of the Day Bayer Pakistan organised a symposium at a local hotel here on Saturday. World Contraception Day is a world-wide campaign that takes place
Published 26 Sep, 2010 12:00am
Ghulam Mustafa elected SCCI president

Ghulam Mustafa elected SCCI president

The process of annual elections of Sialkot Chamber of Commerce and Industry (SCCI) was completed in a very friendly environment, here on Saturday, wherein Ghulam Mustafa Choudary was elected unopposed as president for year 2010-11. Similarly, Dr Sarfraz B
Published 26 Sep, 2010 12:00am
General Cable acquires 25 percent share of Pakistan Cable

General Cable acquires 25 percent share of Pakistan Cable

General Cable Corporation (GCC), a USA based global cable company has acquired 25 percent equity stake of Pakistan Cable Limited. In a signing ceremony held in a local hotel here on Saturday, General Cable, having 44 manufacturing units in 22 countries, s
Published 26 Sep, 2010 12:00am
General Cable acquires 25 percent share of Pakistan Cable

General Cable acquires 25 percent share of Pakistan Cable

General Cable Corporation (GCC), a USA based global cable company has acquired 25 percent equity stake of Pakistan Cable Limited. In a signing ceremony held in a local hotel here on Saturday, General Cable, having 44 manufacturing units in 22 countries, s
Published 26 Sep, 2010 12:00am
General Cable acquires 25 percent share of Pakistan Cable

General Cable acquires 25 percent share of Pakistan Cable

General Cable Corporation (GCC), a USA based global cable company has acquired 25 percent equity stake of Pakistan Cable Limited. In a signing ceremony held in a local hotel here on Saturday, General Cable, having 44 manufacturing units in 22 countries, s
Published 26 Sep, 2010 12:00am
US drone strike kills four militants in North Waziristan

US drone strike kills four militants in North Waziristan

A missile strike by a US drone on Saturday killed four militants in, near the Afghan border, officials said. The missile strike hit in Datta Khel village area near Miranshah, the main town of North Waziristan tribal district, officials said. "A US drone f
Published 26 Sep, 2010 12:00am
US drone strike kills four militants in North Waziristan

US drone strike kills four militants in North Waziristan

A missile strike by a US drone on Saturday killed four militants in, near the Afghan border, officials said. The missile strike hit in Datta Khel village area near Miranshah, the main town of North Waziristan tribal district, officials said. "A US drone f
Published 26 Sep, 2010 12:00am
Former DPO granted bail in Sialkot case

Former DPO granted bail in Sialkot case

Anti-Terrorism Court Judge Syed Iftikhar Hussain Shah granted bail to former Sialkot DPO Waqar Ahmed Chohan against surety bonds of Rs 100,000. Advocate Zulifqar Naqvi, Khawaja S. Mushtaq and Zaighamullah Sansi represented the applicant in the court while
Published 26 Sep, 2010 12:00am
Former DPO granted bail in Sialkot case

Former DPO granted bail in Sialkot case

Anti-Terrorism Court Judge Syed Iftikhar Hussain Shah granted bail to former Sialkot DPO Waqar Ahmed Chohan against surety bonds of Rs 100,000. Advocate Zulifqar Naqvi, Khawaja S. Mushtaq and Zaighamullah Sansi represented the applicant in the court while
Published 26 Sep, 2010 12:00am
Sugar mills to light up boilers from November 15

Sugar mills to light up boilers from November 15

Sugar millers on Saturday announced that they would light up boilers of their units for sugar production from November 15. Sources told Business Recorder that sugarcane crushing season 2010-11 would by lighting up boilers of sugar processing units
Published 26 Sep, 2010 12:00am
Sugar mills to light up boilers from November 15

Sugar mills to light up boilers from November 15

Sugar millers on Saturday announced that they would light up boilers of their units for sugar production from November 15. Sources told Business Recorder that sugarcane crushing season 2010-11 would by lighting up boilers of sugar processing units
Published 26 Sep, 2010 12:00am
Sugar mills to light up boilers from November 15

Sugar mills to light up boilers from November 15

Sugar millers on Saturday announced that they would light up boilers of their units for sugar production from November 15. Sources told Business Recorder that sugarcane crushing season 2010-11 would by lighting up boilers of sugar processing units
Published 26 Sep, 2010 12:00am
Ed Miliband is new UK Labour Party leader

Ed Miliband is new UK Labour Party leader

Britain's opposition Labour Party elected young lawmaker Ed Miliband as its new leader Saturday after he narrowly defeated his older and better-known brother in a contest to replace former prime minister Gordon Brown. Miliband, the 40-year-old ex-climate
Published 26 Sep, 2010 12:00am
Ed Miliband is new UK Labour Party leader

Ed Miliband is new UK Labour Party leader

Britain's opposition Labour Party elected young lawmaker Ed Miliband as its new leader Saturday after he narrowly defeated his older and better-known brother in a contest to replace former prime minister Gordon Brown. Miliband, the 40-year-old ex-climate
Published 26 Sep, 2010 12:00am
China allows banks to sell loans to each other

China allows banks to sell loans to each other

China has started allowing banks to sell loans to each other, an important step towards giving market forces bigger sway in the country''s financial system, the central bank said on Saturday. Interbank loan transfers will help lenders keep a handle on ris
Published 26 Sep, 2010 12:00am
China allows banks to sell loans to each other

China allows banks to sell loans to each other

China has started allowing banks to sell loans to each other, an important step towards giving market forces bigger sway in the country's financial system, the central bank said on Saturday. Interbank loan transfers will help lenders keep a handle on risk
Published 26 Sep, 2010 12:00am
China allows banks to sell loans to each other

China allows banks to sell loans to each other

China has started allowing banks to sell loans to each other, an important step towards giving market forces bigger sway in the country's financial system, the central bank said on Saturday. Interbank loan transfers will help lenders keep a handle on risk
Published 26 Sep, 2010 12:00am
Afghan government reopens tender for giant iron ore mine

Afghan government reopens tender for giant iron ore mine

The Afghan government on Saturday invited bids from international mining firms to develop an iron ore deposit said to be one of the world''s richest, the mines minister said. The Hajigak iron ore mine in central Bamiyan province is believed to hold up to
Published 26 Sep, 2010 12:00am
Afghan government reopens tender for giant iron ore mine

Afghan government reopens tender for giant iron ore mine

The Afghan government on Saturday invited bids from international mining firms to develop an iron ore deposit said to be one of the world's richest, the mines minister said. The Hajigak iron ore mine in central Bamiyan province is believed to hold up to t
Published 26 Sep, 2010 12:00am
Afghan government reopens tender for giant iron ore mine

Afghan government reopens tender for giant iron ore mine

The Afghan government on Saturday invited bids from international mining firms to develop an iron ore deposit said to be one of the world's richest, the mines minister said. The Hajigak iron ore mine in central Bamiyan province is believed to hold up to t
Published 26 Sep, 2010 12:00am
Rice held at port: Reap team likely to leave for Kenya soon

Rice held at port: Reap team likely to leave for Kenya soon

A delegation of Rice Exporters Association of Pakistan (Reap) is expected to leave for Kenya soon to resolve the issue of Pakistani rice held at Kenyan port. The delegation headed by Reap Vice Chairman Rafiq Sulaman is expected to hold meetings with the o
Published 26 Sep, 2010 12:00am
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