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Print - 2010-10-08
'Brutal' tackles must stop, says senior FIFA executive

'Brutal' tackles must stop, says senior FIFA executive

Stricter sanctions must come in and a new mentality fostered to end "brutal" tackling, a senior FIFA executive committee member said on Thursday. Belgian Michel D'Hooghe, who is also chairman of FIFA's medical committee, said he knew of players who had in
Published 08 Oct, 2010 12:00am
Four matches decided in Premier Football

Four matches decided in Premier Football

Four more matches were decided in Pakistan's foremost football event - Pakistan Premier Football League (PPFL) on Thursday. Pakistan WAPDA overpowered Nushki's Baloch FC 1-0 at Garhi Shahu's Railway Stadium, Lahore while Sahiwal's Young Blood went all out
Published 08 Oct, 2010 12:00am
Kenya beat Afghanistan

Kenya beat Afghanistan

Kenya's pace attack, led by Nehemiah Odhiambo, bowled out Afghanistan for a paltry 88 in the first one-day international at the Nairobi Gymkhana Club grounds on Thursday. The Afghani innings lasted just 27.5 overs after their run chase got off to a misera
Published 08 Oct, 2010 12:00am
Australia rout India, Canada hold England

Australia rout India, Canada hold England

Defending champions Australia outplayed India 5-2 but world number four England had to be content with a 1-1 draw against Canada in Commonwealth Games hockey here on Thursday. Australia, who beat India by the same margin at this very venue during a World
Published 08 Oct, 2010 12:00am
Haroon moves into quarters

Haroon moves into quarters

Haroon Khan, younger brother of Britain's WBA light welterweight champion Amir, reached the Commonwealth Games flyweight last eight when he beat Gilbert Bactora of Mauritius on Thursday. The 19-year-old British-born fighter, who chose to represent Pakista
Published 08 Oct, 2010 12:00am
Clarke and Pearson crowned sprint king and queen

Clarke and Pearson crowned sprint king and queen

Jamaica's Lerone Clarke made the most of Usain Bolt's absence to claim the Commonwealth Games 100m gold on Thursday while Australia's Sally Pearson controversially powered to the women's crown. Clarke, the only man in the final to have broken 10 seconds i
Published 08 Oct, 2010 12:00am
Pakistani, Aussie boxers in quarters

Pakistani, Aussie boxers in quarters

Pakistan's Muhammad Wassem moved into the light flyweight quarter-finals when he outpointed Sri Lankan Chaminda Tennakoon in the Commonwealth Games boxing competition on Thursday. Australian Andrew Moloney also made it the last-eight as he proved too good
Published 08 Oct, 2010 12:00am
Swimmers falling sick, England gets assurances on pool water

Swimmers falling sick, England gets assurances on pool water

The England team at the Commonwealth Games said it received assurances from organisers about the quality of the water in the Delhi swimming pool on Thursday after reports of swimmers falling sick. Games Federation chief Michael Fennell earlier ordered an
Published 08 Oct, 2010 12:00am
Russia successfully test fires long-range missile

Russia successfully test fires long-range missile

Russia on Thursday successfully tested its new nuclear-capable Bulava intercontinental missile, the defence ministry said, its first successful firing for months after a series of embarrassing failures. The missile was fired from the Dmitry Donskoi submar
Published 08 Oct, 2010 12:00am
34 Tajik troops killed

34 Tajik troops killed

Thirty-four Tajik troops have been killed in two separate incidents during a military operation against Islamic insurgents in the east of the Central Asian state, military sources said Thursday. The heavy toll in a single day in what official statements i
Published 08 Oct, 2010 12:00am
Obama will not sign foreclosure bill

Obama will not sign foreclosure bill

US President Barack Obama will not sign legislation that could have made it more difficult for homeowners to challenge unjustified foreclosure actions, the White House said on Thursday. White House communications director Dan Pfeiffer said Obama was sendi
Published 08 Oct, 2010 12:00am
Desmond Tutu retires from public life

Desmond Tutu retires from public life

South African Nobel Peace Prize laureate Desmond Tutu, who used his church pulpit as a platform to help bring down apartheid, officially retired from public duties on Thursday. Tutu, whose last major appearances came this summer when South Africa hosted t
Published 08 Oct, 2010 12:00am
Toxic Hungarian sludge spill reaches River Danube

Toxic Hungarian sludge spill reaches River Danube

Toxic red sludge from a Hungarian alumina plant reached the Danube on Thursday and crews struggled to dilute it to protect the river from what the prime minister called an "unprecedented ecological catastrophe". Experts said damage beyond the borders of H
Published 08 Oct, 2010 12:00am
Bolivia press protests bill with blank front pages

Bolivia press protests bill with blank front pages

Most major Bolivian newspapers are protesting a government-backed racism bill with front pages that are blank except for the words: ``There is no democracy without freedom of expression.' The papers say they are worried that officials will misuse a law th
Published 08 Oct, 2010 12:00am
EU ministers support US travel advisory

EU ministers support US travel advisory

The EU on Thursday supported the advisory that Washington issued telling American travellers to beware of potential terrorist threats in Europe, and said the bloc should improve its security policies and its consultations with Washington.
Published 08 Oct, 2010 12:00am
Twin blasts kill five at Baghdad market

Twin blasts kill five at Baghdad market

Back-to-back bombings at a vegetable market south of Baghdad on Thursday afternoon killed at least five people, including a policeman who was searching for explosives, Iraqi security and medical officials said. The blasts in Iskandariyah, about 30 miles (
Published 08 Oct, 2010 12:00am
19 dead after Myanmar ferry capsizes

19 dead after Myanmar ferry capsizes

An overloaded ferry capsized in Myanmar's Ayeyarwaddy Delta, killing 19 people, most of them schoolchildren, a local official said Thursday. The boat was carrying 89 passengers, mostly students and teachers, when it sank Wednesday morning near Labutta tow
Published 08 Oct, 2010 12:00am
Chile rescue hole to reach trapped miners Saturday

Chile rescue hole to reach trapped miners Saturday

The first rescue hole wide enough to pull 33 workers trapped inside a Chilean mine for two months should reach the men on Saturday, a cabinet minister said Thursday.Mining Minister Laurence Golborne however did not commit to a date to rescue the miners, w
Published 08 Oct, 2010 12:00am
Former Guantanamo detainee sues US for damages

Former Guantanamo detainee sues US for damages

A Syrian man who was held at the US military prison at Guantanamo Bay, Cuba, has sued Defence Secretary Robert Gates and former military officers, seeking compensation for alleged torture and inhumane treatment during his nine years of detention.
Published 08 Oct, 2010 12:00am
Vargas Llosa wins literature Nobel

Vargas Llosa wins literature Nobel

Peruvian-born writer and one-time presidential candidate Mario Vargas Llosa, a chronicler of human struggles against brutal authority in Latin America, won the 2010 Nobel prize for literature on Thursday. The committee awarding the 10 million crown ($1.50
Published 08 Oct, 2010 12:00am
Sri Lanka's jailed former army boss loses parliament seat

Sri Lanka's jailed former army boss loses parliament seat

Sri Lanka's parliament on Thursday revoked the parliamentary seat of former General Sarath Fonseka, who ran unsuccessfully against President Mahinda Rajapaksa and was jailed after being found guilty of misappropriating funds. Fonseka last week was sentenc
Published 08 Oct, 2010 12:00am
China digs in on rich-poor climate pact divide

China digs in on rich-poor climate pact divide

China said on Thursday it will not bow to pressure to rethink a key climate change treaty and was preparing to cope with a "gap" in the pact after 2012 if rich nations fail to add new greenhouse gas goals in time. Envoys from 177 governments are holding w
Published 08 Oct, 2010 12:00am
New York cotton futures sharply higher

New York cotton futures sharply higher

Cotton futures closed sharply higher Thursday on speculative and trade buying as players braced for release of a key government crop report, brokers said. ICE Futures US benchmark December cotton contract went up the 4.00-cent limit to finish at $1.0375 p
Published 08 Oct, 2010 12:00am
Malaysian palm oil at one-year top

Malaysian palm oil at one-year top

Malaysian palm oil hit a near 17-month high on Thursday as traders bet the weak dollar may spur more demand for US priced vegetable oil from top buyers China and India. The dollar held near a 15-year low on expectations the US Federal Reserve will shift t
Published 08 Oct, 2010 12:00am
Sugar mixed, coffee sags

Sugar mixed, coffee sags

Raw sugar was mixed, coffee futures were down and cocoa edged up on Wednesday as soft commodities consolidated while waiting for the next set of news to provide direction. New York's benchmark March raw sugar contract fell 0.20 cent to finish at 23.54 cen
Published 08 Oct, 2010 12:00am
US copper at new 26-month peak

US copper at new 26-month peak

US copper futures closed at a new 26-month peak for a second straight day on Wednesday as investors continued to switch from dollars to metals amid fears of further quantitative easing and concerns about inflation. Copper for December delivery ended up 2.
Published 08 Oct, 2010 12:00am
Copper tumbles

Copper tumbles

Copper tumbled on Thursday as the dollar recovered against the euro in a move that coincided with a World Bank warning currency tensions could lead to trouble. The metal used in power and construction hit $8,326 a tonne on Wednesday, its highest since Jul
Published 08 Oct, 2010 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures rose further on Thursday, hitting a five-month high on the back of tight supply in producing countries, but the gains were limited by the strength of the Japanese yen, dealers said. The benchmark rubber contract on the Tokyo Commodity
Published 08 Oct, 2010 12:00am
US soyabeans decline

US soyabeans decline

Soybean futures on the Chicago Board of Trade declined on Wednesday on a profit-taking setback after Tuesday's dollar-driven rally, along with pressure from optimal US harvest weather, traders said. Market underpinned by uncertainty ahead of Friday's USDA
Published 08 Oct, 2010 12:00am
Liffe sugar sets seven-month peak

Liffe sugar sets seven-month peak

Liffe front-month, December white sugar ended $24.20 higher at $649.80 per tonne on Thursday after earlier setting a 7-month high for the front month of $661.80 a tonne. Market buoyed by a fresh wave of fund buying and crop concerns in South Africa, Argen
Published 08 Oct, 2010 12:00am
Oil falls nearly two percent

Oil falls nearly two percent

Oil prices fell nearly 2 percent on Thursday in a pullback from five-month highs above $84 as a recovery by the dollar prompted commodities investors to book profits ahead of a crucial US jobs report. Weaker US equities, a gauge of future energy demand, a
Published 08 Oct, 2010 12:00am
US gold stays higher

US gold stays higher

Gold rose to record highs for a second straight day on Wednesday, after the dollar fell on a disappointing private-sector jobs report that bolstered the view that the Federal Reserve must soon jump start the flagging economy. Palladium also rallied to its
Published 08 Oct, 2010 12:00am
Gold hits all-time peak in Asia

Gold hits all-time peak in Asia

Spot gold hit an all-time peak for a third straight trading session, rising above $1,355 on Thursday on a weak dollar and after Vietnam said it may allow gold imports if prices keep rising. Spot gold hit record highs in three consecutive sessions, with th
Published 08 Oct, 2010 12:00am
Gold extends slide in European trade

Gold extends slide in European trade

Gold extended losses in late afternoon trade in Europe on Thursday, having earlier hit record highs, and was on course for its largest one-day slide in a month as the dollar recouped some losses. Spot gold was last quoted at $1,336.15 an ounce at 1456 GMT
Published 08 Oct, 2010 12:00am
US MIDDAY: sugar surges

US MIDDAY: sugar surges

Raw sugar futures rallied over 7 percent early on Thursday on fund buying, closing in on a recent seven-month high, buoyed by a softer dollar, while arabicas eased and remained far off a 13-year high touched last month. Cocoa gained after an independent a
Published 08 Oct, 2010 12:00am
US MIDDAY: corn, soya and wheat up

US MIDDAY: corn, soya and wheat up

Corn futures led the grains and oilseed complex up at the Chicago Board of Trade on Thursday amid expectations for a cut in the harvest production estimate in the government's upcoming crop report, traders said. Ukraine's decision to limit grain exports f
Published 08 Oct, 2010 12:00am
US MIDDAY: gold retreats

US MIDDAY: gold retreats

Gold retreated 2 percent from a new record high on Thursday, as upbeat news on US jobless benefits shored up the dollar and prompted gold longs to secure profits before Friday's US employment report. New US claims for unemployment benefits, a precursor to
Published 08 Oct, 2010 12:00am
One time flood tax imposition opposed

One time flood tax imposition opposed

Renowned economist Dr Hafiz A Pasha opposed the federal government's proposal to impose one time flood tax in the country to generate revenue to support the reconstruction and rehabilitation of around 20 million displaced people (DPs). He said imposition
Published 08 Oct, 2010 12:00am
REIT should be encouraged: World Bank recommendation

REIT should be encouraged: World Bank recommendation

The World Bank has recommended that the institution of the Real Estate Investment Trust (REIT) should be encouraged in Pakistan as it is an alternate model for developing real estate, which is more transparent and structured than the traditional real esta
Published 08 Oct, 2010 12:00am
Clarification

Clarification

This refers to Business Recorder editorial titled "Power sector reforms" of (07.10.2010) wherein Pepco's dissolution has been commented without reference to relevant context and lacks appropriate information that was needed to reach credible conclu
Published 08 Oct, 2010 12:00am
Nato oil tankers: Firemen extinguish blaze

Nato oil tankers: Firemen extinguish blaze

After hectic efforts the fireman on Thursday extinguished the fire caused by attack on Nato oil tankers in Nowshera late Wednesday. The details revealed that unknown attackers assaulted over 50 Nato tankers that were queued up on G.T. road at Khairabad ca
Published 08 Oct, 2010 12:00am
Non-completion of housing schemes: OPF suffers Rs 718.78 million loss

Non-completion of housing schemes: OPF suffers Rs 718.78 million loss

Overseas Pakistanis Foundation (OPF), an attached department of Ministry of Overseas Pakistanis, has suffered Rs 718.78 million loss due to non-completion of 21 housing schemes since year 1981. OPF started these schemes to cater to the housing needs of ov
Published 08 Oct, 2010 12:00am
Non-completion of housing schemes: OPF suffers Rs 718.78 million loss

Non-completion of housing schemes: OPF suffers Rs 718.78 million loss

Overseas Pakistanis Foundation (OPF), an attached department of Ministry of Overseas Pakistanis, has suffered Rs 718.78 million loss due to non-completion of 21 housing schemes since year 1981. OPF started these schemes to cater to the housing needs of ov
Published 08 Oct, 2010 12:00am
LCCI welcomes FBR's decision to continue zero-rating arrangement

LCCI welcomes FBR's decision to continue zero-rating arrangement

The Lahore Chamber of Commerce and Industry has welcomed the Federal Board of Revenue decision to continue zero-rating arrangement for the export-oriented industries even after the imposition of Reformed General Sales Tax (RGST). President LCCI, Shahzad A
Published 08 Oct, 2010 12:00am
Intifada in Kashmir

Intifada in Kashmir

When it comes to the UN General Assembly session, hopes are always attached that some support from other countries and statements from the UN would bring a change - a hope for Kashmiri people. This time again the UN has given a very positive statement of
Published 08 Oct, 2010 12:00am
Punjab Governor on KBD

Punjab Governor on KBD

This refers to a statement carried by a newspaper of Punjab Governor Salmaan Taseer who has defied the party line on controversial Kalabagh Dam (October 06). He also claimed: "Pakistan is heading to become Somalia in the next 10 years if we do not start t
Published 08 Oct, 2010 12:00am
Ketsana flood survivors struggle one year later

Ketsana flood survivors struggle one year later

Katherine San Juan still has nightmares about muddy floodwaters that engulfed their two-storey house in Manila last year, forcing her family to scamper to the roof. The 42-year-old mother of six young children said she thought the epic floods brought abou
Published 08 Oct, 2010 12:00am
Reconciliation is the key

Reconciliation is the key

Prime Minister Syed Yousuf Raza Gilani's latest dash to Kot Addu along with Punjab Chief Minister Shahbaz Sharif has been well received among all the media, political and social circles as yet another concrete move in the direction of national reconciliat
Published 08 Oct, 2010 12:00am
Swiss 'Return of Illicit Assets Act': We can get billions back!

Swiss 'Return of Illicit Assets Act': We can get billions back!

On October 1, the Swiss Parliament passed the historic "Return of Illicit Assets Act" (RIAA)-a significant law that will make it possible for many developing countries, like Pakistan to recover the billions of dollars shifted to the Alpine state by unscru
Published 08 Oct, 2010 12:00am
Apology yes, regrets no

Apology yes, regrets no

The US Ambassador, Anne W. Patterson, has extended an apology to Pakistan over last week's air strike that killed three Pakistani soldiers. "We extend our deepest apology to Pakistan and the families of the Frontier Scouts who were killed and injured", sh
Published 08 Oct, 2010 12:00am
Power sector: corruption and inefficiencies

Power sector: corruption and inefficiencies

According to newspaper reports, the cost of five small dams with a combined generation capacity of a mere 9.5 MW has risen by 180 percent in one year: from 35.6 billion to 100 billion rupees. A Planning Commission official hastened to add that the federal
Published 08 Oct, 2010 12:00am
HHRD to continue rehabilitation projects in quake-hit areas

HHRD to continue rehabilitation projects in quake-hit areas

Helping Hand for Relief and Development (HHRD) in collaboration with major donations from Muslim community of USA and Canada has so far completed projects worth Rs 600 millions in different parts of the country affected by the October 8, 2005 earthquake.
Published 08 Oct, 2010 12:00am
US withdraws flood relief flights

US withdraws flood relief flights

At Pakistan's request and with mission complete for these aircraft, the US military flew its last C-17 and C-130 flood relief flights on October 3. From the start, these aircraft made significant contributions to Pakistan's flood relief efforts.
Published 08 Oct, 2010 12:00am
'Netherlands to donate $25 million for flood relief efforts'

'Netherlands to donate $25 million for flood relief efforts'

Ahmad Dadou, Head of Economic Affairs, Royal Embassy of Netherlands Islamabad accompanied by Paul Schoenmakers visited Faisalabad Chamber of Commerce and Industry. There are many opportunities for joint ventures and development projects in Pakistan, he sa
Published 08 Oct, 2010 12:00am
President's immunity under Article 248 challenged

President's immunity under Article 248 challenged

A petition against President of Pakistan has been filed for enjoying immunity under Article 248. The petitioner submitted that the Constitution protection was against the Islamic injunctions. According to the petitioner, this constitutional provision to b
Published 08 Oct, 2010 12:00am
Under new APTTA: PCDMA for strict surveillance of Afghan-bound imports

Under new APTTA: PCDMA for strict surveillance of Afghan-bound imports

Pakistan Chemicals and Dyes Merchants Association (PCDMA) has urged the government to carry out strict surveillance of Afghanistan bound imports under new Afghan-Pakistan Transit Trade Agreement (APTTA). Chairman PCDMA Muhammad Haroon Agar warned the gove
Published 08 Oct, 2010 12:00am
Floods affected revenue collection in July-September: FBR Chairman

Floods affected revenue collection in July-September: FBR Chairman

Chairman Federal Board of Revenue (FBR) Sohail Ahmad has said that the revenue collection target of Rs 295 billion for the first quarter of fiscal 2010-11 could not be achieved due to devastating floods in recent months. However, inflow of foreign and loc
Published 08 Oct, 2010 12:00am
Khyber Pakhtunkhwa to implement decisions made under 18th Amendment

Khyber Pakhtunkhwa to implement decisions made under 18th Amendment

Khyber Pakhtunkhwa Minister for Information, Mian Iftikhar Hussein, said that despite all difficulties, the provincial government would implement the decisions of the democratic government made under the 18th Constitutional Amendment in letter and in spir
Published 08 Oct, 2010 12:00am
Kalabagh Dam: KBP supports Punjab Assembly resolution

Kalabagh Dam: KBP supports Punjab Assembly resolution

Kisan Board Pakistan (KBP) welcoming the passage of a resolution in favour of construction of Kalabagh Dam by the Punjab Assembly has called upon the Pakistan Muslim League (N) to get a similar resolution passed from the National Assembly too.
Published 08 Oct, 2010 12:00am
Businessmen urged to keep abreast of modern technology

Businessmen urged to keep abreast of modern technology

The world renowned Japanese management expert Toshi Aki Nakamura said the Pakistani businessmen have a great potential to bring the country on the path of growth and development and urged them to keep abreast with the modern technology and the new product
Published 08 Oct, 2010 12:00am
KESC concerned over SSGC's media campaign

KESC concerned over SSGC's media campaign

The Karachi Electric Supply Company has expressed distress over the negative media campaign by Sui Southern Gas Company and advised the SSGC to give top priority to people of Karachi for gas supply to fulfil their power needs and keep the City's lights on
Published 08 Oct, 2010 12:00am
PIA-Palpa accord: pilots will perform duties beyond 10-hour limit

PIA-Palpa accord: pilots will perform duties beyond 10-hour limit

Pakistan Air Line Pilots Association (Palpa) has agreed that its pilots would perform duties beyond 10 hours limit as per PIAC-Palpa agreement to operate Hajj flights. A PALPA spokesman expressed the hope that the PIA management would also consider the re
Published 08 Oct, 2010 12:00am
CDA awarded toll collection contract sans tendering: TI Pakistan

CDA awarded toll collection contract sans tendering: TI Pakistan

Capital Development Authority (CDA) has awarded a toll tax collection contract at Golra Sharif on main Kashmir highway without public tendering in violation of Public Procurement Rules 2004, to M/s Bright Business, according to a complaint received by Tra
Published 08 Oct, 2010 12:00am
Industrial Crime Detective Unit being set up

Industrial Crime Detective Unit being set up

Karachi Police will establish Industrial Crime Detective Unit (ICDU) to curb crime from industrial areas, Capital City Police Officer (CCPO) Karachi, Fayyaz Laghari informed business community here on Thursday. Speaking at a meeting of Korangi Association
Published 08 Oct, 2010 12:00am
Oil consumption falls by seven percent in first quarter

Oil consumption falls by seven percent in first quarter

The oil consumption in the country has declined to 4.7 million tons during the first quarter of FY11, 7 percent lower than the same quarter last year. The oil consumption continued to post weak data following the flash floods as demand dipped 6 percent in
Published 08 Oct, 2010 12:00am
Japan to give Rs 8.6 million for mobile health services project

Japan to give Rs 8.6 million for mobile health services project

The Government of Japan has decided to extend a financial support of US $103,427 (approximately Rs 8.6 million) to Lok Sanjh Foundation, a non-governmental organisation, for the provision of mobile health services project in the rural area of Tehsil Fateh
Published 08 Oct, 2010 12:00am
'Efforts on to reorganise provincial cooperative bank'

'Efforts on to reorganise provincial cooperative bank'

Minister for Agriculture and Co-operative System, Ahmed Ali Aulakh, while speaking at the 20th session of Punjab Assembly on Wednesday, stated that on the instructions of State Bank of Pakistan, efforts are being made to reorganise Punjab Provincial Co-op
Published 08 Oct, 2010 12:00am
Community Link distributes relief goods

Community Link distributes relief goods

Community link Programme, a non-governmental organisation (NGO), distributed relief goods among two-hundred flood affected families in Charsada and its surrounding areas on Thursday. A spokesperson said that relief goods including clothes, pulses, rice, s
Published 08 Oct, 2010 12:00am
Sindh University notification

Sindh University notification

The Controller of Examinations (Annual), University of Sindh announced on Thursday that the last date for submitting examination forms of BA (regular and external), B.Sc, B.Com, B.Sc Home Economics (regular) Part-I and Part-II and M.A previous and final (
Published 08 Oct, 2010 12:00am
Abdullah Shah Ghazi mazar blasts condemned

Abdullah Shah Ghazi mazar blasts condemned

Chief Minister Sindh Syed Qaim Ali Shah has strongly condemned the twin-blast at Abdullah Shah Ghazi Mausoleum on Thursday, which claimed many innocent lives. According to a statement issued on Thursday, the CM has demanded the Inspector General Sindh to
Published 08 Oct, 2010 12:00am
Textile ministry to hold seminar on October 11

Textile ministry to hold seminar on October 11

Ministry of Textile Industry is holding a seminar-cum-meeting on Monday (October 11) to discuss the proposed textile act and establishment of a federal textile board. Federal Minister for Textile Industry, Rana Muhammad Farooq Saeed Khan will chair the pr
Published 08 Oct, 2010 12:00am
Wateen Telecom posts Rs 2,020.513 million loss after tax

Wateen Telecom posts Rs 2,020.513 million loss after tax

Wateen Telecom has posted Rs 2,020.513 million as after tax loss in the year ended June 30, 2010 (FY10) as compared to profit after tax of Rs 927.763 million in the corresponding period in FY09. The board of directors of the company in its meeting held at
Published 08 Oct, 2010 12:00am
Wateen Telecom posts Rs 2,020.513 million loss after tax

Wateen Telecom posts Rs 2,020.513 million loss after tax

Wateen Telecom has posted Rs 2,020.513 million as after tax loss in the year ended June 30, 2010 (FY10) as compared to profit after tax of Rs 927.763 million in the corresponding period in FY09. The board of directors of the company in its meeting held at
Published 08 Oct, 2010 12:00am
Pace (Pakistan) Limited profit after tax soars to Rs 633.164 million

Pace (Pakistan) Limited profit after tax soars to Rs 633.164 million

The profit after tax of Pace (Pakistan) Limited has increased to Rs 633.164 million in the year ended June 30, 2010 (FY10) as compared to Rs 436.796 million earned in the corresponding period in FY09. The company's earning per share (basic) increased to R
Published 08 Oct, 2010 12:00am
Pace (Pakistan) Limited profit after tax soars to Rs 633.164 million

Pace (Pakistan) Limited profit after tax soars to Rs 633.164 million

The profit after tax of Pace (Pakistan) Limited has increased to Rs 633.164 million in the year ended June 30, 2010 (FY10) as compared to Rs 436.796 million earned in the corresponding period in FY09. The company's earning per share (basic) increased to R
Published 08 Oct, 2010 12:00am
Barrister Haroon Khan laid to rest

Barrister Haroon Khan laid to rest

Barrister Muhammad Haroon Khan, a representative of Pak-American Lawyers Forum in Pakistan and younger brother of Hadi Khan, chairman All Pakistan LPG Distributors Association and member FPCCI executive committee was passed away here on Thursday. He was l
Published 08 Oct, 2010 12:00am
Restart of suspended trains: Railways may move Supreme Court

Restart of suspended trains: Railways may move Supreme Court

Pakistan Railways may move Supreme Court of Pakistan against the verdict of Lahore High Court (LHC), which ordered the railways to resume the operations of six suspended passenger trains. As the deadline given by the LHC has almost expired, the authoritie
Published 08 Oct, 2010 12:00am
Malaysian delegation visits ZTBL

Malaysian delegation visits ZTBL

A Malaysian delegation led by H.E Dato Ahmad Anwar Bin Adnan visited ZTBL to attend a meeting with Muhammad Zaka Ashraf, President, ZTBL and other Senior Executives of the Bank here on Thursday. A comprehensive presentation was made by ZTBL to the delegat
Published 08 Oct, 2010 12:00am
Transfers and postings

Transfers and postings

Chief Justice Lahore High Court, Khawaja Muhammad Sharif here on Thursday made transfer and posting of six additional district and sessions judges (AD&SJ).
Published 08 Oct, 2010 12:00am
Ineffective implementation of APTTA to promote smuggling

Ineffective implementation of APTTA to promote smuggling

Business community has expressed concerns over new Afghan Pakistan Transit Trade Agreement (APTTA) and fears that ineffective implementation of APTTA will increase smuggling. According to the information minister, Pakistan would allow Afghanistan a thorou
Published 08 Oct, 2010 12:00am
Marriott Hotel reopens 'Dumpukht' today

Marriott Hotel reopens 'Dumpukht' today

Marriott Hotel is pleased to announce the reopening of august restaurants "Dumpukht" today (Friday), which was closed down for a short period for renovation and refurbishment purposes. Dumpukht, an epitome of diverse Mughlai cuisines and culture, now brin
Published 08 Oct, 2010 12:00am
PHMA grieved over journalist's death

PHMA grieved over journalist's death

Members of Pakistan Hosiery Manufacturers Association (PHMA) have expressed deep sorrow over the tragic demise of a journalist, Jamil Siddiqi on Thursday. In a press statement, PHMA says, "we will always remember Jamil Ahmed Siddiqi who was senior and vet
Published 08 Oct, 2010 12:00am
Gold, silver prices hit record high

Gold, silver prices hit record high

Gold and silver prices continue upward journey, reaching fresh peaks of Rs 43, 700 per tola and Rs 660 per tola respectively on Thursday, traders said. Gold was available for Rs 43, 350 per tola a day before, posting a rise of Rs 350 to another record hig
Published 08 Oct, 2010 12:00am
Tariff waiver on yarn, fabric: PRGMEA expresses dismay over EU decision

Tariff waiver on yarn, fabric: PRGMEA expresses dismay over EU decision

Mohammad Jawed Chinoy, Zonal Chairman of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in his statement to the press, expressed extreme disappointment over EU executive commission's decision to allow tariff waiver on cotton
Published 08 Oct, 2010 12:00am
General Tariq Majeed calls on Prime Minister

General Tariq Majeed calls on Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Thursday lauded the services of outgoing Chairman Joint Chiefs of Staff Committee, General Tariq Majeed who paid a farewell call on him at the PM House. The Prime Minister commended the professionalism of General
Published 08 Oct, 2010 12:00am
'Art should be used as powerful tool for healing'

'Art should be used as powerful tool for healing'

The use of art activities with children provides important opportunities for self-expression, said Dr Anderson a visiting Fulbright specialist and scholar from United States. "There is a healing aspect to all artistic expression. Thus, art should be used
Published 08 Oct, 2010 12:00am
PPA to observe 'World Egg Day' today

PPA to observe 'World Egg Day' today

Pakistan Poultry Association (PPA) is observing 'World Egg Day' throughout the country on Friday (October 08) to create awareness in the masses about nutritional values of eggs. The Association will be organising seminars and walks in various cities to hi
Published 08 Oct, 2010 12:00am
PID to have strong say in PSEs advertisement on electronic media

PID to have strong say in PSEs advertisement on electronic media

As per a Cabinet decision taken in 1963, an advertisement centralisation policy was adopted as part of the now defunct Press and Publication Ordinance. After nationalisation in 1972, PID's hold on PSEs has been strengthened by all governments - civil and
Published 08 Oct, 2010 12:00am
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