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Print - 2010-10-19
LCCI, PIDE sign MoU to initiate research projects

LCCI, PIDE sign MoU to initiate research projects

The Lahore Chamber of Commerce and Industry (LCCI) on Monday signed a Memorandum of Understanding (MoU) with Pakistan Institute of Development Economics (PIDE) for initiating joint research projects. President LCCI, Shahzad Ali Malik signed the MoU on beh
Published 19 Oct, 2010 12:00am
Onion price increases in Karachi

Onion price increases in Karachi

Once again onion rates have sharply increased in wholesale and retail markets of Karachi. According to wholesalers, persisting shortage supply of onion and increasing in demand supply gap resulting in price increase. There was a sharp rise in the price of
Published 19 Oct, 2010 12:00am
Interior ministry rejects Blackwater agency's existence

Interior ministry rejects Blackwater agency's existence

The Interior Ministry on Monday dismissed the impression of existence of US private security agency - Blackwater in the country, however, it admitted that some foreign embassies have hired services of private security agencies due to non-reliance on Pakis
Published 19 Oct, 2010 12:00am
'Cultivation on unused land to help eliminate hunger'

'Cultivation on unused land to help eliminate hunger'

Over one billion acres of unused land in Balochistan is lying uncultivated, which could be utilised to produce food and end hunger from Balochistan. This was stated by the Secretary Agriculture Ghulam Ali Baloch while addressing a ceremony organised by FA
Published 19 Oct, 2010 12:00am
SU vice chancellor leaves for Doha education meeting

SU vice chancellor leaves for Doha education meeting

The Vice Chancellor (VC) University of Sindh, Professor Dr Nazir A Mughal proceeded to Doha, Qatar to attend a four-day international conference on 'Higher Education Leadership, Management and Governance' on the invitation of Qatar Foundation.
Published 19 Oct, 2010 12:00am
PACRA assigns five star ranking to MCB DSF

PACRA assigns five star ranking to MCB DSF

Pakistan Credit Rating Agency (PACRA) has assigned (long term) FIVE STAR and (short term) FOUR STAR ranking to MCB Dynamic Stock Fund (MCB DSF). MCB DSF is now the best ranked fund in its category and serves as a benchmark for its peers. Also, (short term
Published 19 Oct, 2010 12:00am
PACRA assigns five star ranking to MCB DSF

PACRA assigns five star ranking to MCB DSF

Pakistan Credit Rating Agency (PACRA) has assigned (long term) FIVE STAR and (short term) FOUR STAR ranking to MCB Dynamic Stock Fund (MCB DSF). MCB DSF is now the best ranked fund in its category and serves as a benchmark for its peers. Also, (short term
Published 19 Oct, 2010 12:00am
LG Optimus 7 opens a new window to content sharing

LG Optimus 7 opens a new window to content sharing

LG Electronics (LG) recently announced the global launch of its first Windows(R) phone 7 devices, LG Optimus 7 and LG Optimus 70. Building on Microsoft's new operating system that offers people the ability to do more in fewer steps, the LG Optimus 7 serie
Published 19 Oct, 2010 12:00am
Wikileaks founder turned down for Swedish residence permit

Wikileaks founder turned down for Swedish residence permit

WikiLeaks founder Julian Assange was on Monday denied a permit he had applied for to live and work in Sweden, an official of the Swedish Migration Board told AFP. "We have decided not to grant him a residence permit," said Gunilla Wikstroem, who is in cha
Published 19 Oct, 2010 12:00am
Australian Muslim removes her veil in court

Australian Muslim removes her veil in court

An Australian Muslim appearing as a witness in a fraud trial in a Perth court Monday complied with the judge's demand she remove her veil when giving evidence before the jury. The judge had said the jury would not be able to properly assess her evidence i
Published 19 Oct, 2010 12:00am
Belgium on brink of crisis in new Flemish-French split

Belgium on brink of crisis in new Flemish-French split

Belgium, home to the EU and Nato, was left plunged in dangerous political fog Monday when a fresh bid to seal a divide between Flemish separatists and French-speakers broke down. With the language-divided country rudderless since inconclusive June electio
Published 19 Oct, 2010 12:00am
Organised crime generates $120 billion annually

Organised crime generates $120 billion annually

Organised crime generates revenues of more than 120 billion dollars (86 billion euros) globally every year, with drug smuggling by far the most lucrative activity, the United Nations Office on Drugs and Crime said Monday. "Organised crime has ballooned to
Published 19 Oct, 2010 12:00am
France, Germany offer hand to Russia at security summit

France, Germany offer hand to Russia at security summit

French President Nicolas Sarkozy, German Chancellor Angela Merkel and Russian President Dimitry Medvedev were set for talks Monday on building a pan-European security partnership. The summit was to start late Monday in the Channel resort of Deauville, two
Published 19 Oct, 2010 12:00am
Benin floods kill 43, leave nearly 100,000 homeless: UN

Benin floods kill 43, leave nearly 100,000 homeless: UN

Flooding in the West African nation of Benin has killed 43 people and left nearly 100,000 homeless, a UN official said Monday, citing numbers collected since the beginning of October. Nearly two-thirds of the nation were hit by flooding, a statement issue
Published 19 Oct, 2010 12:00am
Indian centenarian goes back to school

Indian centenarian goes back to school

An Indian man who just entered his 100th year and retired as a court judge 39 years ago has enrolled at university, insisting it is never too late to learn. "There is no age limit for acquiring knowledge," Bholaram Das told AFP in the north-eastern city o
Published 19 Oct, 2010 12:00am
Moscow court jails three for Chechen murder

Moscow court jails three for Chechen murder

A Moscow court on Monday convicted three men for the 2008 murder of Ruslan Yamadayev, a military commander and rival of Chechnya's Kremlin-backed leader, jailing them for between 14 and 20 years. Ruslan Yamadayev, one of the most powerful opponents of the
Published 19 Oct, 2010 12:00am
Iran 'ready to discuss fuel swap' in nuclear talks

Iran 'ready to discuss fuel swap' in nuclear talks

Iran said Monday it is ready to discuss the issue of exchanging atomic fuel in upcoming talks with world powers about its overall nuclear programme, ISNA news agency reported. "We are ready to hold simultaneous talks with the 5+1 and the Vienna group abou
Published 19 Oct, 2010 12:00am
Medvedev hands top state honours to Russian spies

Medvedev hands top state honours to Russian spies

President Dmitry Medvedev on Monday handed top state honours to the Russian spies deported from the United States in July in the biggest spy scandal since the Cold War, the Kremlin said. "A ceremony took place in the Kremlin today to hand top state honour
Published 19 Oct, 2010 12:00am
Germany to 'act' on immigration after Merkel salvo

Germany to 'act' on immigration after Merkel salvo

The German government announced plans on Monday for a raft of measures aimed at fostering integration of immigrants, two days after Chancellor Angela Merkel said multiculturalism had "failed totally." "For a while multiculturalism in Germany was about imm
Published 19 Oct, 2010 12:00am
Israeli soldier jailed for stealing from raid ship

Israeli soldier jailed for stealing from raid ship

An Israeli military court sentenced a soldier to five months in jail on Monday for stealing from a ship where nine pro-Palestinian Turkish activists were killed in an Israeli commando raid. The soldier, who did not take part in the May 31 assault, admitte
Published 19 Oct, 2010 12:00am
Britain sinks tidal scheme, names eight future nuclear sites

Britain sinks tidal scheme, names eight future nuclear sites

The British government confirmed on Monday it will drop plans for a multi-billion-pound tidal energy project, as it identified eight sites suitable for building new nuclear power stations. An official study said the proposed 10-mile (16-kilometre) barrage
Published 19 Oct, 2010 12:00am
DIG Balochisstan police calls on President

DIG Balochisstan police calls on President

Major Imtiaz Hussain (Retd), Deputy Inspector General of Police Quetta, Balochistan, called on President Asif Ali Zardari here at Aiwan-e-Sadr on Monday. It maybe noted here that Imtiaz served as SSP security to Shaheed Mohtarma Benazir Bhutto while she w
Published 19 Oct, 2010 12:00am
Global Hand Washing Day celebrated

Global Hand Washing Day celebrated

A Participatory Development Initiative (PDI) non-government organisation with the support of Oxfam GB has celebrated Global Hand Washing Day in IDPs camps at Shikarpur. According to the press statement issued from PDI House on Monday, the PDI celebrated H
Published 19 Oct, 2010 12:00am
Chishty elected chairman PIFFA

Chishty elected chairman PIFFA

Malik Moin Ahmed Chishty, CEO of M/s Agility (Pakistan) Ltd has been elected as Chairman of Pakistan International Freight Forwarders Association (PIFFA) for the term of 2010-11. Chishty has great experience of logistic industry in Pakistan, which is spre
Published 19 Oct, 2010 12:00am
Executive order controversy: Hearing put off indefinitely

Executive order controversy: Hearing put off indefinitely

The Supreme Court on Monday put off the hearing of case relating to real of imagery withdrawal of notification of executive order pertaining to judges' reinstatement indefinitely as government sought to assure the court that "October 15 verdict is impleme
Published 19 Oct, 2010 12:00am
Four in New York bomb plot trial found guilty

Four in New York bomb plot trial found guilty

Four men were found guilty on Monday by a federal jury of placing explosives outside New York synagogues last year. The four, arrested in an FBI sting operation in May 2009, were being tried in Manhattan federal court. They face the possibility of life in
Published 19 Oct, 2010 12:00am
Pida meeting today

Pida meeting today

Senior Provincial Minister Raja Riaz Ahmed will preside over the meeting of Punjab Irrigation and Development Authority (Pida) on October 19, Tuesday (today) in Committee Room of Irrigation Department.
Published 19 Oct, 2010 12:00am
Need stressed to sensitise policy-makers about environmental hazards

Need stressed to sensitise policy-makers about environmental hazards

Eminent zoological scientist Zahid Baig Mirza has underlined the urgent need for sensitising the policy-makers as well as masses about the grave environmental hazards posed to our eco-system and environment which are being rapidly degraded as a result of
Published 19 Oct, 2010 12:00am
ECP adjourns hearing of legislators' fake degree case till October 25

ECP adjourns hearing of legislators' fake degree case till October 25

The hearing regarding fake/ invalid degrees of 15 MNAs and MPAs was held here on Monday under the Chairmanship of Muhammad Afzal Khan, the Nominated Officer of Election Commission of Pakistan as per the directives of Supreme Court of Pakistan. The Represe
Published 19 Oct, 2010 12:00am
Three Nato oil tankers torched

Three Nato oil tankers torched

Armed men on Monday torched three oil tankers carrying fuel for Nato forces in Afghanistan in two different incident's of violence in Balochistan. According to official sources, the tankers carrying oil for US-led ISAF forces stationed in Afghanistan was
Published 19 Oct, 2010 12:00am
City & Guilds IVQs to be introduced in Tevta institutes: accord inked

City & Guilds IVQs to be introduced in Tevta institutes: accord inked

Technical Education & Vocational Training Authority (Tevta) of Punjab has signed an agreement to introduce Britain's City & Guilds International Vocational Qualifications (IVQs) amongst its constituent polytechnics in the province of Punjab. Tevta accepte
Published 19 Oct, 2010 12:00am
Osama, Zawahiri, Omar not in Pakistan: Malik

Osama, Zawahiri, Omar not in Pakistan: Malik

Federal Interior Minister Rehman Malik has denied presence of top leadership of al Qaeda in Pakistan. "I categorically deny the presence of Osama bin Laden, his deputy Aiman al-Zawahiri and even Mullah Omar in any part of Pakistan," he said while addressi
Published 19 Oct, 2010 12:00am
Third anniversary of martyrs of Karsaz observed

Third anniversary of martyrs of Karsaz observed

As elsewhere, the third death anniversary of the martyrs of Karsaz blast, was observed in Karachi on Monday. Quran Khawani was arranged at the Sindh Chief Minister House here for 'Isal-i-Sawab' to the departed souls. Sindh Chief Minister, Syed Qaim Ali Sh
Published 19 Oct, 2010 12:00am
The Weather

The Weather

The weather report on Monday (October 18, 2010) and the forecast for Tuesday (October 19, 2010).

Published 19 Oct, 2010 12:00am
Siemens, Al Razi Healthcare promote awareness on breast cancer

Siemens, Al Razi Healthcare promote awareness on breast cancer

"More than ten percent of all women will be stricken with breast cancer during their life time. Despite this high number, large deficits exist in knowing about this disease and about early detection examinations", says Herrmann Requardt, CEO of Siemens He
Published 19 Oct, 2010 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 19 Oct, 2010 12:00am
Seven more including a woman killed in Karachi

Seven more including a woman killed in Karachi

At least seven more people including a woman have fallen prey to unabated spree of targeted killings, which started from late Saturday night, raising the death toll to 41 during the last three days. An uneasy calm prevailed in parts of the city while busi
Published 19 Oct, 2010 12:00am
Québec investor programme stops accepting files

Québec investor programme stops accepting files

Country's leading Immigration Consultants, Lalani and Associates on Friday, reported that the Government of Québec announced that due to the enormous volume of files received since the closing of the Federal Programme under current programme and due to th
Published 19 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 19 Oct, 2010 12:00am
SECP allows KESC to issue 7.80 percent rights shares

SECP allows KESC to issue 7.80 percent rights shares

Security and Exchange Commission of Pakistan (SECP) has relaxed the condition for issuing right shares twice in a year and allowed KESC to issue 1.54 billion ordinary or 7.80 percent right shares at Rs 3.5 per share.
Published 19 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 19 Oct, 2010 12:00am
SECP allows KESC to issue 7.80 percent rights shares

SECP allows KESC to issue 7.80 percent rights shares

Security and Exchange Commission of Pakistan (SECP) has relaxed the condition for issuing right shares twice in a year and allowed KESC to issue 1.54 billion ordinary or 7.80 percent right shares at Rs 3.5 per share.
Published 19 Oct, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
CG of Russia visits FPCCI

CG of Russia visits FPCCI

Andrey Demidov, Consul General of Russia in Pakistan along with Sergey L. Dolgopolsky, representative of M/s General Satellite Corporation, Russia visited Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday (yesterday) and met with
Published 19 Oct, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
45 new dengue fever cases reported in Lahore

45 new dengue fever cases reported in Lahore

Despite tall claims of putting in place adequate arrangements to check spread of dengue virus, as many as 45 new cases of dengue fever were reported in Lahore during the last 48 hours, raising the total number of such cases in the city to 161 out of total
Published 19 Oct, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (October 18, 2010) and for Tuesday (October 19, 2010)
Published 19 Oct, 2010 12:00am
18th October a black day in the history of Pakistan: Kaira

18th October a black day in the history of Pakistan: Kaira

Provincial Minister for Finance and Planning and Development, Tanvir Ashraf Kaira has said that 18th October 2007 was the black day in the history of Pakistan, when extremists tried to kill the most popular leader of Pakistan in Karachi. He expressed thes
Published 19 Oct, 2010 12:00am
Every step to be taken to restore peace: Rehman

Every step to be taken to restore peace: Rehman

Interior Minister Rehman Malik on Monday said every step would be taken to maintain law and order in the metropolis. The Interior Minister was talking to media after meeting with the Muttahida Qaumi Movement (MQM), leaders at MQM's head quarter at Azizaba
Published 19 Oct, 2010 12:00am
KSE to launch off-exchange NDR system

KSE to launch off-exchange NDR system

Karachi Stock Exchange (KSE) has decided to introduce a new negotiated deal reporting system (NDRS) for equity and debt market segments, with effect from November 1, 2010, to make the reporting of all off-market transactions on real time basis and more tr
Published 19 Oct, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
RBS Pakistan board of directors reconstituted

RBS Pakistan board of directors reconstituted

Faysal Bank Ltd (FBL) said it has completed the process to acquire 99.37 percent shareholding in Royal Bank of Scotland Ltd (RBS Pakistan) from its principal shareholder RBS N.V. for 41 million Euros or Pak Rs 4.298 billion. In a communique sent to KSE he
Published 19 Oct, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
Media urged to highlight secret agencies' misbehaviours with journalists

Media urged to highlight secret agencies' misbehaviours with journalists

Speakers at a seminar said that that media should highlight the issues regarding misbehaviour of intelligence agencies with journalists. Media should highlight these issues like they are highlighting corruption of the politicians and the conspiracies agai
Published 19 Oct, 2010 12:00am
PPO apprised of security, traffic problems in Hub

PPO apprised of security, traffic problems in Hub

"Industries set up in any region are the backbone of a country for economic growth and development and its security is an important task for the law enforcement agencies, including police. All out efforts and planning should be made for security of indust
Published 19 Oct, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
Redrafted 'investment treaty' sent to Kuwait for approval

Redrafted 'investment treaty' sent to Kuwait for approval

The government has redrafted the bilateral investment treaty and avoidance of double taxation with Kuwait and sent it to the government of Kuwait for approval. Officials of the two countries had met recently and had finalised the draft of the agreement. "
Published 19 Oct, 2010 12:00am
Verbal clash between PML-N, PPP legislators in Punjab Assembly

Verbal clash between PML-N, PPP legislators in Punjab Assembly

Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP) legislators on Monday indulged in verbal clash during Punjab Assembly session that made the cracks visible within the coalition government. Although differences between the allied part
Published 19 Oct, 2010 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
SNGPL seeks Rs 40 mmbtu raise in price

SNGPL seeks Rs 40 mmbtu raise in price

Sui Northern Gas Pipeline Limited (SNGPL) has sought a Rs 40 mmbtu increase in gas price, Business Recorder has learnt. Sources said that in a petition submitted to Ogra on October 15, 2010, SNGPL sought an increase in gas tariff by Rs 40 per mmbtu
Published 19 Oct, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
SNGPL seeks Rs 40 mmbtu raise in price

SNGPL seeks Rs 40 mmbtu raise in price

Sui Northern Gas Pipeline Limited (SNGPL) has sought a Rs 40 mmbtu increase in gas price, Business Recorder has learnt. Sources said that in a petition submitted to Ogra on October 15, 2010, SNGPL sought an increase in gas tariff by Rs 40 per mmbtu
Published 19 Oct, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
SNGPL seeks Rs 40 mmbtu raise in price

SNGPL seeks Rs 40 mmbtu raise in price

Sui Northern Gas Pipeline Limited (SNGPL) has sought a Rs 40 mmbtu increase in gas price, Business Recorder has learnt. Sources said that in a petition submitted to Ogra on October 15, 2010, SNGPL sought an increase in gas tariff by Rs 40 per mmbtu
Published 19 Oct, 2010 12:00am
Osama living comfortably in Pakistan, CNN claims

Osama living comfortably in Pakistan, CNN claims

Al Qaeda chief Osama bin Laden is living comfortably in a house in north-west Pakistan close to his deputy Ayman al-Zawahiri, CNN on Monday quoted a Nato official as saying. It also said that the al Qaeda number two, the Egyptian-born Zawahiri, was living
Published 19 Oct, 2010 12:00am
Osama living comfortably in Pakistan, CNN claims

Osama living comfortably in Pakistan, CNN claims

Al Qaeda chief Osama bin Laden is living comfortably in a house in north-west Pakistan close to his deputy Ayman al-Zawahiri, CNN on Monday quoted a Nato official as saying. It also said that the al Qaeda number two, the Egyptian-born Zawahiri, was living
Published 19 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
Silver hits record high

Silver hits record high

Silver prices on Monday hit a new high of Rs 700 per tola while gold prices declined to Rs 44,100 per tola on the local market, traders said. The price of silver reached a new peak of Rs 700 per tola up from Rs 690. The prices of silver per 10-gram also p
Published 19 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 18, 2010).

Published 19 Oct, 2010 12:00am
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