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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-10-23
'Musharraf approved drones'

'Musharraf approved drones'

Prime Minister Syed Yousuf Raza Gilani revealed Friday for the first time that former military ruler Pervez Musharraf gave approval for US drones to make surveillance flights over the country. "The previous government gave them permission for surveillance
Published 23 Oct, 2010 12:00am
Seoul shares rise 1.2 percent

Seoul shares rise 1.2 percent

Seoul shares ended up 1.2 percent on Friday, buoyed by a strong set of US corporate earnings and foreign investors' purchases, with gains led by technology issues including LG Display. The Korea Composite Stock Price Index (KOSPI) finished up 1.21 percent
Published 23 Oct, 2010 12:00am
Treasuries decline

Treasuries decline

US Treasuries prices fell on Thursday as stock market gains and slightly firmer economic data damped demand for US safe-haven debt. Remarks by a Federal Reserve official that he would back incremental purchases of US Treasuries also disappointed some inve
Published 23 Oct, 2010 12:00am
Treasuries decline

Treasuries decline

US Treasuries prices fell on Thursday as stock market gains and slightly firmer economic data damped demand for US safe-haven debt. Remarks by a Federal Reserve official that he would back incremental purchases of US Treasuries also disappointed some inve
Published 23 Oct, 2010 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose 0.45 percent on Friday, with electronics parts suppliers including Wintek Corp and Largan Precision outperforming as they ride robust demand for smartphones. The main TAIEX share index closed up 36.83 points at 8,168.06, while the index
Published 23 Oct, 2010 12:00am
US stocks rise

US stocks rise

Wall Street edged higher in a volatile session on Thursday, torn between strong corporate earnings and a surge in the US dollar. The market swung in a wide range throughout the day as investors reacted to gyrations in the currency markets and as relativel
Published 23 Oct, 2010 12:00am
Friday's afternoon trade: technology shares advance

Friday's afternoon trade: technology shares advance

Technology shares advanced on Friday as results from Baidu Inc and SanDisk bolstered the outlook for the industry, while the broad market was little changed. Keeping investors skittish was a Group of 20 nations meeting that sought a common path to manage
Published 23 Oct, 2010 12:00am
US offers $2 billion military aid

US offers $2 billion military aid

The United States on Friday pledged two billion dollars in military aid to Pakistan and hailed its efforts to battle extremists, seeking to bolster an uneasy alliance with the frontline nation. The military package, keenly sought by Pakistan's leaders, ma
Published 23 Oct, 2010 12:00am
Nikkei inches up

Nikkei inches up

Japan's Nikkei rose 0.5 percent on Friday in a rebound after two days of losses, but investors were wary of pushing the market higher before seeing the outcome of a Group of 20 meeting and with the yen hovering near a 15-year high on the dollar. But with
Published 23 Oct, 2010 12:00am
US offers $2 billion military aid

US offers $2 billion military aid

The United States on Friday pledged two billion dollars in military aid to Pakistan and hailed its efforts to battle extremists, seeking to bolster an uneasy alliance with the frontline nation. The military package, keenly sought by Pakistan's leaders, ma
Published 23 Oct, 2010 12:00am
South East Asian markets: Manila sets all-time high

South East Asian markets: Manila sets all-time high

Most Southeast Asian stock markets posted small gains on Friday, with foreign buying helping push Philippine shares to a record high, amid optimism about profits as the earnings season gets under way. Share markets pulled back on the week, however, failin
Published 23 Oct, 2010 12:00am
No change on grain market

No change on grain market

No trading activity was seen on the wholesale grain and seed market on Friday as almost all the participants were busy in preparations for Juma prayers.
Published 23 Oct, 2010 12:00am
European CDS widen

European CDS widen

European corporate credit default swap spreads were a touch wider on Friday, despite a strong start to the third-quarter earnings season, amid continuing uncertainty about economic imbalances and currency volatility. By 0700 GMT the investment-grade Marki
Published 23 Oct, 2010 12:00am
Strong demand by mills pushing prices up on cotton market

Strong demand by mills pushing prices up on cotton market

Mills and exporters demand pushed prices higher on the cotton market on Friday, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised by Rs 100 to Rs 7650, they said. In the ready business, over 30,000 bales of cotton changed ha
Published 23 Oct, 2010 12:00am
'Musharraf approved drones'

'Musharraf approved drones'

Prime Minister Syed Yousuf Raza Gilani revealed Friday for the first time that former military ruler Pervez Musharraf gave approval for US drones to make surveillance flights over the country. "The previous government gave them permission for surveillance
Published 23 Oct, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 104,707 tonnes of cargo including 72,502 tonnes of import, 32,205 tonnes of export cargo and 2,568 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Friday. The total import cargo of 72,502 tonnes comp
Published 23 Oct, 2010 12:00am
US urged to intervene in Kashmir dispute

US urged to intervene in Kashmir dispute

Pakistan called Friday for President Barack Obama to intervene in its longstanding dispute with India over the Himalayan region of Kashmir, the cause of two of the three wars the nuclear-armed rivals have fought. Pakistani Foreign Minister Shah Mahmood Qu
Published 23 Oct, 2010 12:00am
China corn and soya imports to climb

China corn and soya imports to climb

China is forecast to import a record volume of soyabeans and to take more cargoes from the international corn market next year as domestic production fails to keep pace with surging demand. The outlook for higher imports from the world's top soyabean buye
Published 23 Oct, 2010 12:00am
US urged to intervene in Kashmir dispute

US urged to intervene in Kashmir dispute

Pakistan called Friday for President Barack Obama to intervene in its longstanding dispute with India over the Himalayan region of Kashmir, the cause of two of the three wars the nuclear-armed rivals have fought. Pakistani Foreign Minister Shah Mahmood Qu
Published 23 Oct, 2010 12:00am
Canadian canola futures down

Canadian canola futures down

Canadian canola futures fell on Thursday on spillover from a sell-off in US soya markets and profit-taking after a three-day rally to two-year highs, traders said. Scattered hedge-related selling noted as farmers took advantage of high prices, although ca
Published 23 Oct, 2010 12:00am
Loan to Pakistan not under US pressure: IMF

Loan to Pakistan not under US pressure: IMF

The Inter-national Monetary Fund (IMF) has dispelled the impression that it is extending a loan to Pakistan, under pressure from America. Business Recorder had sent a question to the IMF's Senior Advisor, external relations department, David Hawley
Published 23 Oct, 2010 12:00am
US wheat futures end lower

US wheat futures end lower

US wheat futures closed lower on Thursday as the dollar turned higher and on technical selling including profit-taking after the previous day's rally. Declines in corn added pressure. CBOT December down 14-1/4 cents at $6.68-3/4 per bushel. Funds sold 2,0
Published 23 Oct, 2010 12:00am
Loan to Pakistan not under US pressure: IMF

Loan to Pakistan not under US pressure: IMF

The Inter-national Monetary Fund (IMF) has dispelled the impression that it is extending a loan to Pakistan, under pressure from America. Business Recorder had sent a question to the IMF's Senior Advisor, external relations department, David Hawley
Published 23 Oct, 2010 12:00am
US corn futures close lower

US corn futures close lower

US corn futures closed lower on Thursday as the dollar turned firm and on technical selling including profit-taking after Wednesday's climb to a one-week high. A slowdown in US corn exports adds pressure. CBOT December down 9-1/4 cents at $5.64-1/4 a bush
Published 23 Oct, 2010 12:00am
Loan to Pakistan not under US pressure: IMF

Loan to Pakistan not under US pressure: IMF

The Inter-national Monetary Fund (IMF) has dispelled the impression that it is extending a loan to Pakistan, under pressure from America. Business Recorder had sent a question to the IMF''s Senior Advisor, external relations department, David Hawle
Published 23 Oct, 2010 12:00am
US Midwest bids mostly steady

US Midwest bids mostly steady

Corn and soyabean spot basis bids held mostly steady around the US Midwest on Thursday as futures drifted lower and farmer sales of both crops remained slow, grain merchants said. Corn and soyabean sales limited to freshly harvested supplies that farmers
Published 23 Oct, 2010 12:00am
US to finance Gomal Zam, Satpara dams

US to finance Gomal Zam, Satpara dams

The United States has agreed to finance the under-construction Gomal Zam and Satpara dams and has also pledged to encourage its private sector investment in the energy sector, Minister for Water and Power Pervaiz Ashraf said. The minister, who led the Pak
Published 23 Oct, 2010 12:00am
Won, Singapore dollar stay up

Won, Singapore dollar stay up

The South Korean won and the Singapore dollar rose on Friday after US Treasury Secretary Timothy Geithner urged G20 members to avoid a currency war, but there was little reaction in other Asian currencies. Geithner said in letter to a G20 finance minister
Published 23 Oct, 2010 12:00am
Jobless rate down in most US states in September

Jobless rate down in most US states in September

Unemployment rates dropped in September in most US states, the Labour Department said on Friday ahead of early November elections where jobs are expected to be a key focus for voters selecting governors, state legislators and federal lawmakers. The unempl
Published 23 Oct, 2010 12:00am
India slaps Vodafone with $2.53 billion tax demand

India slaps Vodafone with $2.53 billion tax demand

India slapped a 2.53-billion-dollar tax bill on British cell phone giant Vodafone on Friday over its 2007 purchase of an Indian mobile company and demanded payment within 30 days. The formal demand is the latest development in Vodafone's bitter row with I
Published 23 Oct, 2010 12:00am
Iraq's Anbar province rejects foreign gas firms

Iraq's Anbar province rejects foreign gas firms

Authorities in a western Iraqi province rejected the results of this week's government-organised gas auction, which allowed a pair of foreign companies to develop a big deposit on its territory. The warning puts Anbar province on a collision course with t
Published 23 Oct, 2010 12:00am
Switzerland and Canada sign new deal on tax evasion

Switzerland and Canada sign new deal on tax evasion

Switzerland and Canada on Friday signed a new taxation agreement during a visit to Berne by Canadian Prime Minister Stephen Harper, weeks after Harper vowed to hunt down tax cheats with Swiss accounts. Swiss Finance Minister Hans Rudolf Merz and Canadian
Published 23 Oct, 2010 12:00am
Shock u-turn as Rooney signs new deal with United

Shock u-turn as Rooney signs new deal with United

Wayne Rooney performed a shock u-turn Friday by signing a new five-year contract with Manchester United just days after appearing to be on his way out of Old Trafford. Rooney had rocked United on Wednesday by revealing that he wanted to leave the Premier
Published 23 Oct, 2010 12:00am
Atletico break duck, hat-trick for Adebayor

Atletico break duck, hat-trick for Adebayor

Holders Atletico Madrid won for the first time in the Europa League this season, beating Rosenborg 3-0, while Emmanuel Adebayor scored a hat-trick as Manchester City beat Lech Poznan 3-1. Swiss second division side Lausanne, trailing 3-1 at Sparta Prague
Published 23 Oct, 2010 12:00am
Suspended FIFA official Adamu denies wrongdoing

Suspended FIFA official Adamu denies wrongdoing

FIFA executive committee member Amos Adamu, suspended on suspicion of selling his vote in the contest to host the 2018 and 2022 World Cup finals, has denied wrongdoing and said investigations would show him to be a credible person.
Published 23 Oct, 2010 12:00am
Sohail Abbas hopes for good show in Asian Games

Sohail Abbas hopes for good show in Asian Games

Pakistan's top hockey star Sohail Abbas said on Friday that he was looking forward to play his part in the next month's Asian Games at Guangzhou, (China). "Pakistan has given me everything and I am looking forward to contribute some thing for the country
Published 23 Oct, 2010 12:00am
PCB forms anti-corruption body

PCB forms anti-corruption body

Pakistan Cricket Board (PCB) has constituted a seven-member committee to remove corruption from the game, in line with instructions given by the International Cricket Council (ICC). PCB Chief Ijaz Butt will head the committee, which will have authority to
Published 23 Oct, 2010 12:00am
Pakistan ranked 164th in FIFA ranking

Pakistan ranked 164th in FIFA ranking

Pakistan is currently ranked 164th in the world football ranking of FIFA, according to the latest monthly issue of the Federation received here on Friday. The table shows that Spain tops the list followed by Netherlands and Brazil while India is placed at
Published 23 Oct, 2010 12:00am
Ali Garh win in Veterans Cricket

Ali Garh win in Veterans Cricket

Ali Garh Veteran imposed thrilling five-run win over Siddiq Motors in the IInd SPM Lahore Veterans Cricket League at Model Town's Ali Garh Ground, Lahore. Ali Garh made 203-5 with Shakil Malik 52, Shahid Yaqoob 53, Babar Bhandara 14, Rehan Rauf 26, Tariq
Published 23 Oct, 2010 12:00am
Australian, New Zealand dollars up

Australian, New Zealand dollars up

The Australian dollar rose against a broadly softer greenback on Friday, bolstered by stop-loss buying as G20 finance ministers met, although players doubt the meeting will solve questions of currency depreciations. The Aussie rose to a high of $0.9839 fr
Published 23 Oct, 2010 12:00am
Swiss franc ticks down

Swiss franc ticks down

The Swiss franc ticked lower on Friday as traders eyed the meeting of G-20 leaders in South Korea for signs of agreement on exchange rate policies. Currency markets have been volatile in recent months as concerns emerged that leaders of major economies co
Published 23 Oct, 2010 12:00am
AIG raises $17.9 billion, prices AIA IPO at top

AIG raises $17.9 billion, prices AIA IPO at top

AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range as investors piled into the most attractive offering in the world's hottest financial market. The pricing of the initial public offering, s
Published 23 Oct, 2010 12:00am
Indian rupee snaps seven-week rally

Indian rupee snaps seven-week rally

The Indian rupee on Friday snapped a seven-week rally and posted its biggest daily loss in a month-and-a-half as traders positioned for dollar outflows post the country's largest initial public offer allocation. However, most of the foreign funds are like
Published 23 Oct, 2010 12:00am
Eurozone rates extend rise

Eurozone rates extend rise

Benchmark interbank eurozone lending rates extended their climb on Friday with analysts expecting them to grind higher still in coming weeks as excess liquidity in money markets dwindles. The three-month Euribor rate - traditionally the main gauge of unse
Published 23 Oct, 2010 12:00am
Eurozone rates extend rise

Eurozone rates extend rise

Benchmark interbank eurozone lending rates extended their climb on Friday with analysts expecting them to grind higher still in coming weeks as excess liquidity in money markets dwindles. The three-month Euribor rate - traditionally the main gauge of unse
Published 23 Oct, 2010 12:00am
Dollar rises as euro hits $1.40 resistance

Dollar rises as euro hits $1.40 resistance

The US dollar rebounded in volatile trade on Thursday after the euro failed again to hold above $1.40 and as investors turned cautious before a G20 finance ministers meeting this weekend. The euro had earlier climbed to a high around $1.4050 but failed to
Published 23 Oct, 2010 12:00am
Early trade: Dollar poised to snap five-week losing streak

Early trade: Dollar poised to snap five-week losing streak

The dollar was on track on Friday to snap a five-week losing streak against major currencies as traders took profits ahead of any statement from a meeting of global finance ministers and the euro repeatedly ran into technical resistance above $1.40.
Published 23 Oct, 2010 12:00am
Dollar steadies in London

Dollar steadies in London

The dollar steadied on Friday as investors hesitated about extending bearish bets against the greenback on uncertainty over whether any agreement would be reached at a weekend meeting of Group of 20 finance leaders. The United States raised its rhetoric,
Published 23 Oct, 2010 12:00am
Dollar falls in Asia

Dollar falls in Asia

The dollar fell on Friday after US Treasury Secretary Tim Geithner urged the Group of 20 nations not to weaken their currencies or keep them undervalued, in his push for a co-ordinated move to fix global imbalances. "Geithner appeared to be more aggressiv
Published 23 Oct, 2010 12:00am
Sterling slips versus euro

Sterling slips versus euro

Sterling slipped against the euro on Friday, closing in on a near seven-month low as the pound stayed on the back foot after Bank of England minutes earlier in the week suggested more quantitative easing may be in store. But losses were capped as investor
Published 23 Oct, 2010 12:00am
Yuan scores first weekly fall

Yuan scores first weekly fall

Spot yuan closed down against the dollar on Friday, recording its first weekly fall since early September, after the People's Bank of China fixed a weaker mid-point in a clear signal that Beijing wants a temporary pause in the yuan's recent appreciation.
Published 23 Oct, 2010 12:00am
Weak miners pull FTSE down

Weak miners pull FTSE down

Weakness in heavyweight miners pulled Britain's leading shares lower on Friday, with trading choppy and volumes light, as investors awaited news from a Group of 20 nations meeting in South Korea. At the close, the FTSE 100 was 16.49 points, or 0.3 percent
Published 23 Oct, 2010 12:00am
European stocks slip

European stocks slip

European stocks ended slightly lower on Friday as worries over the outcome of the G20 meeting prompted investors to book some profits, after key indexes hit six-month highs in the previous session. The FTSEurofirst 300 index of top European shares closed
Published 23 Oct, 2010 12:00am
Indian shares eke out weekly gain

Indian shares eke out weekly gain

Indian shares snapped a two-week losing streak but closed Friday 0.5 percent lower on weak world equities and as traders turned cautious on near-term outlook. Top outsourcer Tata Consultancy Services rose as much as 6.7 percent to a record high of 1,049.9
Published 23 Oct, 2010 12:00am
Hong Kong, China shares slip

Hong Kong, China shares slip

Hong Kong and Shanghai shares slipped on Friday in light volume as investors locked in gains in financials ahead of bank earnings reports due next week. The Hang Seng index fell 0.6 percent to 23,517.5 on the day, producing most of the week's 1 percent de
Published 23 Oct, 2010 12:00am
European CDS widen

European CDS widen

European corporate credit default swap spreads were a touch wider on Friday, despite a strong start to the third-quarter earnings season, amid continuing uncertainty about economic imbalances and currency volatility. By 0700 GMT the investment-grade Marki
Published 23 Oct, 2010 12:00am
Performing artists to tour US: American Embassy accepting applications

Performing artists to tour US: American Embassy accepting applications

The American Embassy in Islamabad will sponsor a group of Pakistani performing artists to participate in the Center StageSM programme in the United States. Center StageSM is an international exchange programme that will bring international performing arti
Published 23 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 22, 2010).

Published 23 Oct, 2010 12:00am
US-Pakistan Strategic Dialogue is actually a monologue: Jamaat-i-Islami

US-Pakistan Strategic Dialogue is actually a monologue: Jamaat-i-Islami

Syed Munawwar Hassan, Ameer Jamaat-i-Islami, has said that the US-Pakistan Strategic Dialogue is actually a monologue and in the third session in Washington, Pakistan has been summoned for a dictation to start military operation in North Waziristan and to
Published 23 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 22, 2010).

Published 23 Oct, 2010 12:00am
Release of leaders: LQM gives one-week ultimatum to police

Release of leaders: LQM gives one-week ultimatum to police

The Leaders of Labour Qaumi Movement, Faisalabad Region have given One Week's Ultimatum to Faisalabad Police to release the LQM Leaders unconditionally within a week, otherwise the Labour Qaumi Movement, in collaboration with other Labour Unions of the Co
Published 23 Oct, 2010 12:00am
Dengue fever patients getting free treatment at government hospitals

Dengue fever patients getting free treatment at government hospitals

Secretary Health Punjab Fawad Hassan Fawad has said on the directives of Chief Minister of Punjab, Shahbaz Shraif, free diagnostic and treatment facilities are being provided to the patients of dengue fever in government hospitals. He was talking to the d
Published 23 Oct, 2010 12:00am
'3,000 women to be inducted in Karachi Police'

'3,000 women to be inducted in Karachi Police'

Federal Minister for Interior, A Rehman Malik, has said that 3,000 women personnel would be inducted in the Karachi police force. "The policewomen will be imparted training on modern day policing system," he said while talking to media after he attended a
Published 23 Oct, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 22, 2010).

Published 23 Oct, 2010 12:00am
Contempt of court petition filed before SC against PPP leaders

Contempt of court petition filed before SC against PPP leaders

A Contempt of court petition has been filed before the Supreme Court against three PPP leaders for maligning the superior judiciary. A citizen Mansoor Aziz Khan, has said in his petition that federal law minister Babar Awan, party information secretary Fu
Published 23 Oct, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (October 22, 2010) and for Saturday (October 23, 2010)
Published 23 Oct, 2010 12:00am
Adding textile to RGST regime: Gohar advises govt to say no to IMF

Adding textile to RGST regime: Gohar advises govt to say no to IMF

Central Chairman All Pakistan Textile Mills Association (Aptma) Gohar Ejaz advised the government on Friday to say no the IMF pressure on adding textile industry to the Reformed General Sales Tax (RGST) regime. "We look up to you for rescue," he pointed o
Published 23 Oct, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 22, 2010).

Published 23 Oct, 2010 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 19, 2010.

Published 23 Oct, 2010 12:00am
Two FIA constables receive burn injuries

Two FIA constables receive burn injuries

Two constables of Cyber Crime Wing of Federal Investigation Agency (FIA) mysteriously received serious burn injuries and admitted to Pakistan Institute of Medical Sciences in critical condition. The constables rushed to hospital have been identified as Aa
Published 23 Oct, 2010 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 19, 2010.

Published 23 Oct, 2010 12:00am
Prime Minister advises President to reconstitute NEC

Prime Minister advises President to reconstitute NEC

Prime Minister Syed Yousuf Raza Gilani has advised President Asif Ali Zardari to reconstitute the National Economic Council (NEC) by including the Chief Minister and Chief Secretary Gilgit-Baltistan as members of the council. He also advised for inclusion
Published 23 Oct, 2010 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 19, 2010.

Published 23 Oct, 2010 12:00am
Sindh government stops issuance, renewal of arms licenses

Sindh government stops issuance, renewal of arms licenses

Sindh Home Department has stopped issuance and renewal of arms licenses due to bad law and order situation in the city, it is learnt. Official sources told Business Recorder, the provincial home department had stopped issuance of fresh arms license
Published 23 Oct, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 22, 2010).

Published 23 Oct, 2010 12:00am
Pakistan seeks temporary protected status for its nationals in US

Pakistan seeks temporary protected status for its nationals in US

Pakistan has formally asked the United States to consider grant of temporary protected status for its nationals currently living in the US without proper documentation, in view of flooding devastation in the country, Information and Broadcasting Minister
Published 23 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 23 Oct, 2010 12:00am
Promoting environmental awareness: WWF-P, Bank Alfalah sign MoU

Promoting environmental awareness: WWF-P, Bank Alfalah sign MoU

The World Wide Fund for Nature-Pakistan (WWF-P) and Bank Alfalah have signed a memorandum of understanding (MoU) to promote environmental awareness and conservation of nature. The MoU was signed by Ali Hasan Habib, Director General of WWF-Pakistan, and Ha
Published 23 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 23 Oct, 2010 12:00am
Funerals of martyred soldiers in Orakzai offered

Funerals of martyred soldiers in Orakzai offered

The funeral of four army men who embraced martyrdom in Orakzai Agency on Friday was offered here at the ground of Garrison Race Course garden. Governor Khyber Pakhtunkhwa, Awais Ahmad Ghani, Corps Commander Peshawar, Lieutenant General Asif Yaseen Malik,
Published 23 Oct, 2010 12:00am
National Assembly panel snubs Minfa, ZTBL for faulty reports

National Assembly panel snubs Minfa, ZTBL for faulty reports

The National Assembly's Standing Committee on Food and Agriculture on Friday snubbed the Ministry of Livestock, Ministry of Food and Agriculture (Minfa) and Zarai Taraqiati Bank Limited (ZTBL) for preparing faulty reports which say that loans of Rs 44 bil
Published 23 Oct, 2010 12:00am
The Weather

The Weather

The weather report on Friday (October 22, 2010) and the forecast for Saturday (October 23, 2010).

Published 23 Oct, 2010 12:00am
P&G shares vision with employees for long-term sustainability

P&G shares vision with employees for long-term sustainability

Recently, P&G shared with its employees its vision for long-term sustainability, especially in the sphere on environmental protection and energy conservation. Bob McDonald, Chairman of the Board, President and Chief Executive Officer P&G, addressed all em
Published 23 Oct, 2010 12:00am
CDA plans to launch uplift projects for generating revenues

CDA plans to launch uplift projects for generating revenues

Capital Development Authority (CDA) has planned to launch development projects in league with private sector to increase revenues for making the authority more effective. "Only imposition and increase in the taxes will not help run the organisations, but
Published 23 Oct, 2010 12:00am
US condemns Peshawar blast

US condemns Peshawar blast

The US Embassy in Pakistan strongly condemns bombing at a mosque in the Pushta Khara area in Peshawar that killed and injured several innocent Pakistanis. The targeting of worshippers leaving Friday prayers at a mosque makes this terrorist attack particul
Published 23 Oct, 2010 12:00am
Gas supply to KESC reduced by 30 percent

Gas supply to KESC reduced by 30 percent

Sui Southern Gas Company (SSGC) has curtailed gas supply to Karachi Electric Supply Company (KESC) this year by 30 percent as compared to last year. According to documents available with Business Recorder, gas supply on average for the January-August 2010
Published 23 Oct, 2010 12:00am
SSGC gas supply to KESC cut on low supply from two fields

SSGC gas supply to KESC cut on low supply from two fields

The Sui Southern Gas Company (SSGC) has reduced gas supply to Karachi Electric Supply Company (KESC) by 20 mmcfd due to gas shortage. The SSGC has also reduced gas supply to Kotri and Jamshoro power plants. It is learnt that the gas supply to SSGC has bee
Published 23 Oct, 2010 12:00am
SSGC to cut gas supply to industries

SSGC to cut gas supply to industries

In view of Annual Turn Around (ATA) of Zamzama Gas Field, requisite natural gas quantities of 204mmcfd will not be available with Sui Southern Gas Company (SSGC) from October 27 to November 04, 2010. This ATA of Zamzama Field will severely hamper the comp
Published 23 Oct, 2010 12:00am
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