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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-10-05
Aisam, Farhan win opening matches

Aisam, Farhan win opening matches

Pakistan's tennis star Aisam-ul-Haq, and squash player Farhan Mehboob have won their opening matches at the Commonwealth Games in New Delhi on Monday. Aisam defeated Mogabe of Uganda with straight sets; the Pakistani star won the match by 6-2 and 6-5. Far
Published 05 Oct, 2010 12:00am
World Bank warns food prices rising amid currency frictions

World Bank warns food prices rising amid currency frictions

Recent rises in food prices are once again weighing on some developing countries amid growing global currency frictions, World Bank president Robert Zoellick said Monday. "For many developing countries, the food crisis of 2008 has never gone away. And rec
Published 05 Oct, 2010 12:00am
American Express hit with antitrust lawsuit

American Express hit with antitrust lawsuit

US authorities on Monday filed a lawsuit against American Express for allegedly imposing unfair restrictions on merchants that use its cards, the credit card company said. American Express is accused of unfairly trying to prevent merchants from using othe
Published 05 Oct, 2010 12:00am
Ireland must find bigger savings: Central Bank

Ireland must find bigger savings: Central Bank

Ireland's government must find savings in excess of the 3.0 billion euros it plans to announce in its next budget, the Central Bank said Monday as it also slashed its forecast for economic growth. The assessment comes after Ireland last week admitted that
Published 05 Oct, 2010 12:00am
AIG to sell India mutual fund business

AIG to sell India mutual fund business

American International Group Inc is in talks to sell its mutual fund business in India for around $10 million, India's Mint newspaper reported Monday, as the troubled US insurer struggles repay its $182 billion US government bailout.
Published 05 Oct, 2010 12:00am
AIG to sell India mutual fund business

AIG to sell India mutual fund business

American International Group Inc is in talks to sell its mutual fund business in India for around $10 million, India's Mint newspaper reported Monday, as the troubled US insurer struggles repay its $182 billion US government bailout.
Published 05 Oct, 2010 12:00am
Osborne dismisses fresh bank bailout scenario

Osborne dismisses fresh bank bailout scenario

Finance minister George Osborne on Monday dismissed a thinktank report that British banks may need another state bailout next year and their borrowing requirements could hit 25 billion pounds ($39.5 billion) a month. The independent New Economics Foundati
Published 05 Oct, 2010 12:00am
US housing shows stability, factory orders fall

US housing shows stability, factory orders fall

Pending sales of previously owned US homes hit a four-month high in August, a sign the housing market was stabilising at very low levels after falling sharply after a home-buyer tax credit expired. Another report on Monday showed new orders received by US
Published 05 Oct, 2010 12:00am
Swiss publish 'too big to fail' rules for banks

Swiss publish 'too big to fail' rules for banks

A Swiss government committee on Monday published new rules requiring the country's two biggest banks to increase their capital reserves beyond international standards agreed last month. The committee said it considered Credit Suisse Group and UBS AG to be
Published 05 Oct, 2010 12:00am
Greece sets ambitious austerity budget goals

Greece sets ambitious austerity budget goals

Greece on Monday pledged to cut next year's budget deficit faster than agreed in a 110 billion euro IMF/EU bailout deal, vowing another year of tough austerity to exit a debt crisis. The 2011 budget draft submitted to parliament foresees a 7 percent of GD
Published 05 Oct, 2010 12:00am
Kuwait commits $1billion to AIA IPO

Kuwait commits $1billion to AIA IPO

American International Group Inc received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian life insurance unit, according to a source, the first major investment inked before the roughly $15 billion share sale launches.
Published 05 Oct, 2010 12:00am
Kuwait commits $1billion to AIA IPO

Kuwait commits $1billion to AIA IPO

American International Group Inc received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian life insurance unit, according to a source, the first major investment inked before the roughly $15 billion share sale launches.
Published 05 Oct, 2010 12:00am
GE inks $700 million Saudi power plant deal

GE inks $700 million Saudi power plant deal

General Electric has signed a 700 million dollar deal to supply equipment and services for a new gas power plant in Saudi Arabia, the US conglomerate said on Monday. The new power plant, named Riyadh PP11 and located 80 kilometres west of the Saudi capita
Published 05 Oct, 2010 12:00am
Aussies rule pool as athletes take centre stage

Aussies rule pool as athletes take centre stage

Australia won the opening skirmish in the Delhi pool on Monday by claiming three of the five medals up for grabs as the athletes finally took centre stage at the troubled Commonwealth Games. The day opened with the host nation still basking in the aftergl
Published 05 Oct, 2010 12:00am
Brown makes history as England qualify

Brown makes history as England qualify

Archer Danielle Brown became the first English Paralympian to compete at an able-bodied Commonwealth Games event on Monday. The 22-year-old finished 14th in the Women's Individual Compound event at the Yamuna Sports Complex in New Delhi "It's pretty excit
Published 05 Oct, 2010 12:00am
London subway strike hits commuters

London subway strike hits commuters

By foot, bike and devious new routes, London commuters scrambled to get to work Monday during a one-day strike by the city's subway workers. At least it wasn't raining very hard. Thousands of maintenance workers, drivers and station employees walked off t
Published 05 Oct, 2010 12:00am
India hold on to draw against Scotland

India hold on to draw against Scotland

India were forced to split points with a gritty Scotland after their opening Pool A hockey match in the Commonwealth Games here on Monday ended in a 1-1 draw. Scotland took the hosts by surprise when they opened a 1-0 lead in the fourth minute through Hol
Published 05 Oct, 2010 12:00am
Tennis makes debut

Tennis makes debut

Larikah Russell of Bahamas won the first ever tennis match to be completed in the history of the Commonwealth Games on Monday. Russell defeated Maetiu Kewwba of Kiribati 6-0, 6-0 in a women's first round tie, just one of several lop-sided results in a spa
Published 05 Oct, 2010 12:00am
Europe win Ryder Cup

Europe win Ryder Cup

Europe won the Ryder Cup here on Monday, beating the United States by 14 1/2 points to 13 1/2 points at Celtic Manor. Graeme McDowell clinched victory in the game's final match, beating Hunter Mahan three and one to spark wild celebrations amongst the Eur
Published 05 Oct, 2010 12:00am
Ronaldo scores twice in thumping Real victory

Ronaldo scores twice in thumping Real victory

Real Madrid took full advantage of a slip-up by Barcelona with a sparkling 6-1 victory over Deportivo Coruna to climb above their arch-rivals into third place in the La Liga standings on Sunday. Real coach Jose Mourinho had warned that an opponent would s
Published 05 Oct, 2010 12:00am
PFF chief motivates expatriates to uplift football

PFF chief motivates expatriates to uplift football

"Overseas players Altaf Ahmed, Zeeshan Rehman, Adnan Ahmed, Amjad Iqbal played their part brilliantly when we forced the Asian Powerhouse and Asian Champion Iraq scoreless draw at Damascus in 19th World Cup Qualifier three years ago. The credit to motivat
Published 05 Oct, 2010 12:00am
Three-wicket Hilfenhaus rocks India

Three-wicket Hilfenhaus rocks India

Fast bowler Ben Hilfenhaus grabbed three key wickets in the final session to boost Australia's hopes of winning the opening Test against India on Monday. India, needing 216 to win in their second innings, were wobbling at 55-4 at stumps on the penultimate
Published 05 Oct, 2010 12:00am
SPM Stags win cricket opener

SPM Stags win cricket opener

SPM Stags opened the new cricket season with three wickets win over SPM Bucks at Government College Ground, Lahore on Monday. Bucks managed 183-9 in 30 overs with Ashfaq Aslam 45, Jamshed Siddiqui 36, Saud Cheema 25, Nadeem Aslam 21, Ashfaq Ahmed 13. Ifti
Published 05 Oct, 2010 12:00am
FIFA suspends Nigeria

FIFA suspends Nigeria

FIFA suspended Nigeria from international football on Monday because of "government interference" in the running of Nigerian football. World football's governing body said the decision followed a bid by the Minister of Sports to restart the league without
Published 05 Oct, 2010 12:00am
UEFA approve Euro 2012 match list

UEFA approve Euro 2012 match list

European football's governing body UEFA on Monday rubber-stamped the match schedule for Euro 2012 which will take place in Poland and the Ukraine at their executive meeting in Minsk. A total of eight stadiums were approved in both countries for the tourna
Published 05 Oct, 2010 12:00am
Berdych, Verdasco, Jankovic falter in Beijing

Berdych, Verdasco, Jankovic falter in Beijing

The Olympic Green Tennis Centre in Beijing turned into a graveyard of seeds on Monday, with Fernando Verdasco, Tomas Berdych and Jelena Jankovic leading a parade of stars out of the China Open. Verdasco - the sixth seed and the world number nine - never f
Published 05 Oct, 2010 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling rose against the euro on Monday as concerns about the health of peripheral eurozone countries weighed on the single currency, prompting investors to trim long euro positions. Better-than-expected construction sector activity data also helped ster
Published 05 Oct, 2010 12:00am
Indian rupee bounces

Indian rupee bounces

The rupee on Monday bounced off a five-and-half month high on dollar short-covering as local shares retreated from the day's high and as the euro dropped sharply against the US unit. The partially convertible rupee closed at 44.57/58 per dollar, after hit
Published 05 Oct, 2010 12:00am
Australian and New Zealand dollars retreat

Australian and New Zealand dollars retreat

The Australian and New Zealand dollars eased from multi-month highs on Monday after running into profit-taking, but some market players thought the pull-back was temporary especially if Australia sees a rate rise this week.
Published 05 Oct, 2010 12:00am
Dutch anti-Islam MP's hate speech trial opens

Dutch anti-Islam MP's hate speech trial opens

Anti-Islam MP Geert Wilders, set to become a shadow partner of the next Dutch government, defended the right to free speech Monday as his trial for inciting hatred against Muslims made a halting start. "I am on trial, but on trial with me is the freedom o
Published 05 Oct, 2010 12:00am
HRCP voices concern over Dr Farooq's murder

HRCP voices concern over Dr Farooq's murder

The Human Rights Commission of Pakistan (HRCP) has shown deep grief on the assassination of renowned religious scholar Dr Muhammad Farooq in Mardan and termed it a part of extremists plan to silence voices that present to people alternatives to the retrog
Published 05 Oct, 2010 12:00am
BISE results

BISE results

Board of Intermediate & Secondary Education (BISE) Lahore on Monday announced the results of Intermediate Part-I Annual Examination 2010. According to the spokesperson of the board, as many as 122,935 candidates appeared in the examination, out of which 6
Published 05 Oct, 2010 12:00am
MRA to build 1000 houses for homeless

MRA to build 1000 houses for homeless

The Malaysian Relief Agency (MRA) which had earlier sent three relief teams for flood victims to Pakistan is planning to build one thousand (1000) low cost housing units costing Rs 83.4 million in various flood affected areas to provide shelters to homele
Published 05 Oct, 2010 12:00am
CEO NetSol concerned over delay in releasing scholarships

CEO NetSol concerned over delay in releasing scholarships

Chairman and CEO NetSol Technologies, Salim Ghauri has expressed concerns about the future of hundreds of students, which is at stake due to the delay in releasing of scholarships by the ministry of IT.
Published 05 Oct, 2010 12:00am
Israeli settlements undermine peace process: Saudi Arabia

Israeli settlements undermine peace process: Saudi Arabia

The Saudi government said on Monday that Israel's policy of building settlements in occupied Palestinian territories undermined the US-brokered Middle East peace process. "A freeze in the direct Palestine-Israel peace talks is possible because of Israel's
Published 05 Oct, 2010 12:00am
15 killed in Indonesian floods

15 killed in Indonesian floods

At least 15 people were killed and dozens were missing Monday after flash floods smashed through a district in eastern Indonesia's West Papua province, officials said. The early morning floods were unleashed after continuous torrential downpours that bega
Published 05 Oct, 2010 12:00am
World's biggest solar project powers up in Canada

World's biggest solar project powers up in Canada

The world's largest solar energy facility, the 80-megawatt Sarnia photovoltaic project in Ontario, is now fully operational and is supplying energy to the Canadian province's power grid, its owner and operator said on Monday.
Published 05 Oct, 2010 12:00am
US top court refuses to hear Guantanamo wiretap case

US top court refuses to hear Guantanamo wiretap case

The US Supreme Court on Monday threw out a plea by 23 lawyers for Guantanamo Bay detainees to be informed whether conservations by their clients had been subjected to wiretaps. The nation's highest court refused to hear the case, without giving a reason,
Published 05 Oct, 2010 12:00am
Abeam says US fiscal situation 'untenable'

Abeam says US fiscal situation 'untenable'

President Barack Abeam on Monday said the United States was facing an "untenable fiscal situation" and would have to get serious about tackling its federal deficit. The US budget deficit is forecast at a record $1.47 trillion in the fiscal year that ended
Published 05 Oct, 2010 12:00am
South Africa charges Nigeria militant Okah over bombing

South Africa charges Nigeria militant Okah over bombing

South African prosecutors brought terrorism charges against Nigerian militant leader Henry Okah on Monday for deadly bomb blasts in the Nigerian capital. Two car bombs exploded near a parade in Abuja marking Nigeria's 50th anniversary of independence on F
Published 05 Oct, 2010 12:00am
Jordanian instructors sent to train Afghan forces

Jordanian instructors sent to train Afghan forces

A group of Jordanian military instructors was sent to Afghanistan on Sunday to help train the country's security forces, the official Petra news agency reported. "Instructors from Jordan's armed forces and security service went on Sunday to Afghanistan wh
Published 05 Oct, 2010 12:00am
Rousseff has upper hand in Brazil's October 31 runoff

Rousseff has upper hand in Brazil's October 31 runoff

Ruling party candidate Dilma Rousseff must win over voters concerned about her abortion views and corruption in her inner circle but she remains the clear favourite to win an October 31 runoff election and become Brazil's next president.
Published 05 Oct, 2010 12:00am
Flood-hit farming community: UAF finalises rehabilitation plan

Flood-hit farming community: UAF finalises rehabilitation plan

The University of Agriculture, Faisalabad (UAF), has finalised flood victims' rehabilitation plan, amounting to Rs 38 million, in order to enable the farming community to grow crops and fodders for their livelihood. This was stated by Dr Iqrar Ahmad Khan,
Published 05 Oct, 2010 12:00am
Europe on alert after attacks warning

Europe on alert after attacks warning

Japan and Sweden on Monday became the latest countries to issue travel alerts for their citizens amid growing fears of a major al Qaeda attack on landmark sites in Europe. Tokyo and Stockholm joined Washington and London in issuing an alert warning of a "
Published 05 Oct, 2010 12:00am
Russian former intelligence chief commits suicide

Russian former intelligence chief commits suicide

The former intelligence chief of Russia's interior troops Monday committed suicide by firing a shot to the head at his Moscow apartment block, officials said. Viktor Chevrizov left his apartment at around 10:00 am and went into the stairwell, where he fir
Published 05 Oct, 2010 12:00am
Changes needed to make nuclear plants secure

Changes needed to make nuclear plants secure

A federal audit set to be released Monday calls for the Nuclear Regulatory Commission to improve nuclear power plant security against infiltration by potential terrorists. An outline of the findings was provided to The Associated Press by Senator Charles
Published 05 Oct, 2010 12:00am
UK cuts child benefit payments in austerity drive

UK cuts child benefit payments in austerity drive

The UK's Treasury chief, George Osborne, says that Britain will limit welfare payments to jobless families and scrap child support payments for high earners in a sweeping overhaul of the country's benefit system. Osborne, who is seeking to save about 86 b
Published 05 Oct, 2010 12:00am
UAE charges journalists with running 'false news'

UAE charges journalists with running 'false news'

The Emirates' official news agency says two journalists have been charged with publishing an incorrect report. The charges announced late Sunday by state news agency WAM follow last year's adoption of a media law that includes stiff fines for journalists
Published 05 Oct, 2010 12:00am
Protracted conflicts boosting world refugee totals: UN

Protracted conflicts boosting world refugee totals: UN

Protracted conflicts around the globe are driving up refugee totals and creating new populations who need to be resettled in other countries, United Nations refugee chief Antonio Guterres said on Monday. And in an address to his UNHCR agency's governing e
Published 05 Oct, 2010 12:00am
Bosnia vote points to deadlock on ethnic lines

Bosnia vote points to deadlock on ethnic lines

Partial results from Bosnia's election pointed to political deadlock on Monday with leaders and parties divided down ethnic lines. Muslims supported parties favouring a united Bosnia, Serbs backed nationalists urging secession, and Croats voted for partie
Published 05 Oct, 2010 12:00am
Iran clears former British embassy staffer of espionage

Iran clears former British embassy staffer of espionage

Iran has cleared a former British embassy staffer who was jailed last year on espionage charges, and commuted his sentence to a suspended one-year jail term, his lawyer said on Monday. "The appeals court dropped espionage charges for which Hossein Rassam
Published 05 Oct, 2010 12:00am
Climate talks need to bridge gulf of distrust: UN

Climate talks need to bridge gulf of distrust: UN

The UN climate change chief urged governments on Monday to make real steps towards a new treaty to fight global warming or risk throwing negotiations into doubt. Negotiators are meeting in the northern Chinese port city of Tianjin to try reach agreement o
Published 05 Oct, 2010 12:00am
India says is now third highest carbon emitter

India says is now third highest carbon emitter

India's environment minister said on Monday the country could not have high economic growth and a rapid rise in carbon emissions now that the nation was the number three emitter after China and the United States. Jairam Ramesh's comments come as negotiato
Published 05 Oct, 2010 12:00am
Australia eyes 'flexible' ties with Nato

Australia eyes 'flexible' ties with Nato

Australian Prime Minister Julia Gillard cautiously welcomed on Monday the idea of deepening relations with Nato, as the alliance mulls closer ties with the Afghan war ally and other partners. "Australia will look at being engaged with Nato in a flexible w
Published 05 Oct, 2010 12:00am
Nigeria foils plans to bomb presidency, arrests nine suspects

Nigeria foils plans to bomb presidency, arrests nine suspects

Nigerian intelligence services said they foiled plans to attack key buildings in the capital including the presidential palace as they arrested nine over the independence day bombings that killed 12 people. The National Assembly building and the secret se
Published 05 Oct, 2010 12:00am
Iraq boasts third-largest oil reserves, overtakes Iran

Iraq boasts third-largest oil reserves, overtakes Iran

Iraq reported on Monday a sharp rise in proven oil reserves that saw it leapfrog Iran into third place world-wide, as the war-battered country seeks to rebuild its crude-dependent economy. The new figure of 143.1 billion barrels of oil represents a 24-per
Published 05 Oct, 2010 12:00am
Correction

Correction

Apropos a news item carried by Business Recorder, the following are correct Engro Fertilisers listed prices for both DAP and urea maximum retail price for farmers: DAP: Rs 2550 ex-Karachi (freight cost gets added for up-country locations), Urea: Rs
Published 05 Oct, 2010 12:00am
Correction

Correction

Apropos a news item carried by Business Recorder, the following are correct Engro Fertilisers listed prices for both DAP and urea maximum retail price for farmers: DAP: Rs 2550 ex-Karachi (freight cost gets added for up-country locations), Urea: Rs
Published 05 Oct, 2010 12:00am
Correction

Correction

Apropos a news item carried by Business Recorder, the following are correct Engro Fertilisers listed prices for both DAP and urea maximum retail price for farmers: DAP: Rs 2550 ex-Karachi (freight cost gets added for up-country locations), Urea: Rs
Published 05 Oct, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 05 Oct, 2010 12:00am
Railways to get Rs 5 billion for restructuring

Railways to get Rs 5 billion for restructuring

Prime Minister Yousuf Raza Gilani has withheld the summary of Pakistan Railways proposing the closure of 102 passenger trains and hike of around 15 percent in fares. The Premier has decided to withhold the summary after a detailed meeting in Islamabad wit
Published 05 Oct, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Oct, 2010 12:00am
Railways to get Rs 5 billion for restructuring

Railways to get Rs 5 billion for restructuring

Prime Minister Yousuf Raza Gilani has withheld the summary of Pakistan Railways proposing the closure of 102 passenger trains and hike of around 15 percent in fares. The Premier has decided to withhold the summary after a detailed meeting in Islamabad wit
Published 05 Oct, 2010 12:00am
Board meetings in progress

Board meetings in progress

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

Published 05 Oct, 2010 12:00am
Railways to get Rs 5 billion for restructuring

Railways to get Rs 5 billion for restructuring

Prime Minister Yousuf Raza Gilani has withheld the summary of Pakistan Railways proposing the closure of 102 passenger trains and hike of around 15 percent in fares. The Premier has decided to withhold the summary after a detailed meeting in Islamabad wit
Published 05 Oct, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Oct, 2010 12:00am
Copies of Holy Quran burnt in West Bank mosque attack

Copies of Holy Quran burnt in West Bank mosque attack

Jewish settlers opposed to a peace deal between Israel and the Palestinians were accused of setting fire to a mosque in the West Bank on Monday, burning the Holy Quran and scrawling threats in Hebrew on its walls. "Mosques, we burn," said a warning scribb
Published 05 Oct, 2010 12:00am
Copies of Holy Quran burnt in West Bank mosque attack

Copies of Holy Quran burnt in West Bank mosque attack

Jewish settlers opposed to a peace deal between Israel and the Palestinians were accused of setting fire to a mosque in the West Bank on Monday, burning the Holy Quran and scrawling threats in Hebrew on its walls. "Mosques, we burn," said a warning scribb
Published 05 Oct, 2010 12:00am
Common Wealth Games: Prime Minister takes notice of unpleasant incident

Common Wealth Games: Prime Minister takes notice of unpleasant incident

Prime Minister Syed Yusuf Raza Gilani has taken serious notice of the unpleasant incident at the opening ceremony of Common Wealth Games in New Delhi. Gilani sought an immediate report from the Federal Minister for Sports to inquire into the incident and
Published 05 Oct, 2010 12:00am
Common Wealth Games: Prime Minister takes notice of unpleasant incident

Common Wealth Games: Prime Minister takes notice of unpleasant incident

Prime Minister Syed Yusuf Raza Gilani has taken serious notice of the unpleasant incident at the opening ceremony of Common Wealth Games in New Delhi. Gilani sought an immediate report from the Federal Minister for Sports to inquire into the incident and
Published 05 Oct, 2010 12:00am
ANP worker shot dead

ANP worker shot dead

An activist of Awami National Party (ANP) was gunned down by unknown armed men near Dakhana Stop in the limits of Liaqatabad police station during last night. According to the police, 36-year-old Noor Uddin son of Malik Khan was going home in his taxi (Re
Published 05 Oct, 2010 12:00am
'High interest rate hampers consumer financing growth'

'High interest rate hampers consumer financing growth'

Slow economic activity and high interest rate have hampered the growth of consumer financing and posted rise in non-performing loans (NPLs) as overall banking sector NPLs under consumer financing have reached 13 percent.
Published 05 Oct, 2010 12:00am
Power shortfall reduces marginally

Power shortfall reduces marginally

Power shortfall reduced by 1200MW Monday to 3800MW against 5000MW a day earlier with improvement in power generation, particularly on thermal side. Thermal power generation was reduced considerably due to the unavailability of fuel despite weekly holiday.
Published 05 Oct, 2010 12:00am
Business community rejects increase in power tariff, mark-up rate

Business community rejects increase in power tariff, mark-up rate

Business community of the country has urged the government to take notice of the depressing situation arising from increasing mark-up rates and electricity tariff and save the industry from further cave in. They urged the government to refrain from announ
Published 05 Oct, 2010 12:00am
EPZA 96th BoD meeting held

EPZA 96th BoD meeting held

The Board of Directors of Export Processing Zone Authority in its 96th meeting held on October 1, 2010 at EPZA Head Office under the Chairmanship of Aftab Ahmed Memon, Chairman Export Processing Zones Authority has approved Rs 26 million for flood affecte
Published 05 Oct, 2010 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Prime Minster Yousuf Raza Gilani's silence in the National Assembly was surprising and even more meaningful was its interpretation by people. Gilani, who usually responds to even smallest issues pointed out by the opposition, was indifferent to harshest c
Published 05 Oct, 2010 12:00am
TI rejects JWP accusations against TI Pakistan

TI rejects JWP accusations against TI Pakistan

Transparency International (TI) has rejected the accusations against its Pakistan chapter - TI Pakistan - levelled by Secretary General, Jamhoori Watan Party (JWP) Abdul Rauf Khan Sasoli. Sasoli reportedly backed by vested interests sent a list of allegat
Published 05 Oct, 2010 12:00am
Pakistani woman killed in Italy over arranged marriage

Pakistani woman killed in Italy over arranged marriage

A Pakistani woman has died in Italy after her husband beat her with a brick for opposing the arranged marriage of her daughter, triggering a wave of outrage among Italian politicians on Monday. The daughter, 20-year-old Nosheen Butt, was hospitalised with
Published 05 Oct, 2010 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee managed to retain its weekend's firmness against dollar on the currency market on Monday, dealers said. The rupee inched up by one paisa in relation to dollar for buying at 86.20 and two paisa for selling at 86.24, they said. In first Asian trad
Published 05 Oct, 2010 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee managed to retain its weekend's firmness against dollar on the currency market on Monday, dealers said. The rupee inched up by one paisa in relation to dollar for buying at 86.20 and two paisa for selling at 86.24, they said. In first Asian trad
Published 05 Oct, 2010 12:00am
Registration under RGST: Rs 7.5 million threshold proposed

Registration under RGST: Rs 7.5 million threshold proposed

Retailers, wholesalers, dealers, distributors and shopkeepers having annual turnover of Rs 7.5 million would be compulsorily registered under the reformed general sales tax (RGST). Sources told Business Recorder here on Monday that the tax managers
Published 05 Oct, 2010 12:00am
Five new vessels to be inducted in PNSC fleet: Ghouri

Five new vessels to be inducted in PNSC fleet: Ghouri

Pakistan will soon induct five new vessels including an oil tanker and four cargo carriers in its shipping fleet, said Federal Minister for Ports and Shipping, Babar Khan Ghouri on Monday. Speaking at the PNSC employees' function hosted in his honour at t
Published 05 Oct, 2010 12:00am
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