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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-11-12
Acute polio outbreak kills nearly 100 in Congo: WHO

Acute polio outbreak kills nearly 100 in Congo: WHO

Polio has killed nearly 100 people, mainly young adults, in the Republic of Congo and paralysed more than twice as many in the past six weeks, the World Health Organisation (WHO) said on Thursday. The crippling viral disease normally strikes children unde
Published 12 Nov, 2010 12:00am
Israel air force hits Gaza building, no casualties

Israel air force hits Gaza building, no casualties

Israeli helicopter gunships fired missiles at a building near Khan Yunis in the southern Gaza Strip on Thursday, targeting suspected militants, the military said. Witnesses said the strikes hit a multi-storey building and that tanks also opened fire short
Published 12 Nov, 2010 12:00am
Palestinian groups fail to reach agreement

Palestinian groups fail to reach agreement

Rival Palestinian groups Hamas and Fatah failed to strike an agreement to narrow sharp differences on security issues and ended their latest round of talks overnight, officials said on Thursday. The Hamas-Fatah stand-off, which erupted into warfare in 200
Published 12 Nov, 2010 12:00am
Nigeria summons Iran diplomats over seized arms

Nigeria summons Iran diplomats over seized arms

Nigeria has summoned Iran's ambassador over an arms shipment it seized last month and the Iranian foreign minister is expected to join the talks shortly, an official in the Nigerian foreign ministry said on Thursday. Nigeria's secret service intercepted 1
Published 12 Nov, 2010 12:00am
Judge allows Citigroup fraud case to proceed

Judge allows Citigroup fraud case to proceed

A federal judge is allowing a portion of a proposed class-action securities fraud lawsuit against Citigroup Inc, several executives and a board member to go forward. In a ruling filed Tuesday, Judge Sidney H. Stein said enough of a claim has been establis
Published 12 Nov, 2010 12:00am
France honours memory of Muslim WWI veterans

France honours memory of Muslim WWI veterans

A solemn ceremony at Paris' Grand Mosque has been held to honour the memory of Muslims who fought for France in World War I. Defence Minister Herve Morin and Veterans Affairs Minister Hubert Falco took part in Thursday's ceremony, one of several official
Published 12 Nov, 2010 12:00am
Iraq's political factions agree on top three posts

Iraq's political factions agree on top three posts

Iraq's fractious politicians have agreed to return Shia Nuri al-Maliki as prime minister, ending an eight-month deadlock that raised fears of renewed sectarian war, but leaving some Sunnis sceptical he can forge national unity. In a first step to implemen
Published 12 Nov, 2010 12:00am
Seven-member NMC team visits Pak Embassy in Berlin

Seven-member NMC team visits Pak Embassy in Berlin

A 7-member delegation of 93rd National Management Course (NMC) of National Management College, Lahore visited Pakistan Embassy and called on the Ambassador Shahid Kamal, said a press release received from Berlin here on Thursday.
Published 12 Nov, 2010 12:00am
35 police personnel rewarded

35 police personnel rewarded

Islamabad police has awarded 35 cops as an acknowledgement of their meritorious services to improve the department's efficiency. Deputy Inspector General of Police (DIG-Security), Dr Mujeeb-ur-Rehman rewarded the cops for working hard and remaining determ
Published 12 Nov, 2010 12:00am
Supreme Court issues notices to two PPP leaders to submit replies

Supreme Court issues notices to two PPP leaders to submit replies

Supreme Court Thursday issued notices to two Pakistan People's Party (PPP) stalwarts to submit replies, substantiating their statements in which they have accused certain journalists of a private TV channel as agents of India, Israel and Russia.
Published 12 Nov, 2010 12:00am
Permanent seat in UNSC: Pakistan, Italy oppose India's ambition

Permanent seat in UNSC: Pakistan, Italy oppose India's ambition

Pakistan and Italy announced their opposition to Indian ambition for a permanent seat in United Nations Security Council (UNSC) on Thursday. "We do not believe that the number of permanent seats in the UNSC should be increased, reforms should be democrati
Published 12 Nov, 2010 12:00am
'Research-based planning crucial for mother, child health'

'Research-based planning crucial for mother, child health'

Health experts are unanimous that research-based planning and constant review of strategies' implementation is the cornerstone of success of any project, targeted at improving the health and wellbeing of mothers and their children.
Published 12 Nov, 2010 12:00am
TI chief briefed about PAC working, progress

TI chief briefed about PAC working, progress

A delegation of Public Accounts Committee (PAC) comprising Yasmin Rehman, Aftab Shahban Mirani, Zahid Hamid and Nadeem Afzal Chan of Pakistan Peoples Party (PPP) are participating in 14th 'International Anti-Corruption Conference' 2010 (IACC), being held
Published 12 Nov, 2010 12:00am
PNS Saif inducted in Naval fleet

PNS Saif inducted in Naval fleet

PNS Saif, the F-22P frigate constructed at Hudong Zhonghua, China, was inducted in Pakistan Navy (PN) fleet on Thursday. An impressive induction ceremony was held at the Pakistan Navy Dockyard here. The Commander of Pakistan Fleet, Vice-Admiral Tanveer Fa
Published 12 Nov, 2010 12:00am
Six shopkeepers held for selling sugar at Rs 125 per kg

Six shopkeepers held for selling sugar at Rs 125 per kg

Islamabad Police and Islamabad Capital Territory (ICT) Administration in a joint operation arrested six shopkeepers for selling sugar at Rs 125 per kilogram. The operation was led by Deputy Inspector General (DIG) of Police Islamabad Bani Ameen, which was
Published 12 Nov, 2010 12:00am
Glaring flaws witnessed in FDNA survey

Glaring flaws witnessed in FDNA survey

Glaring flaws have been witnessed in Flood Damages and Needs Assessment (FDNA) survey being led by World Bank (WB) and Asian Development Bank (ADB), revealed an independent research study conducted by a group of civil society organisations.
Published 12 Nov, 2010 12:00am
Shaheed Fazil Rahu Hospital: BPP donates medical equipment

Shaheed Fazil Rahu Hospital: BPP donates medical equipment

As the part of its community investment programme, the BP Pakistan (BPP) has donated much needed medical equipment and furniture, worth Rs 2.4 million to Government Taluka Hospital Shaheed Fazil Rahu in District Badin.
Published 12 Nov, 2010 12:00am
CCP chairperson rebuffs allegations against her appointment

CCP chairperson rebuffs allegations against her appointment

Chairperson, Competition Commission of Pakistan (CCP) Rahat Kaunain Hassan on Thursday categorically said that no clients or companies were ever recommended by the Commission to her former law firm, but highly professional and senior lawyers have been hir
Published 12 Nov, 2010 12:00am
Chinese company to introduce LED, solar lights

Chinese company to introduce LED, solar lights

Chinese company CHAGUANG Electronics keen to introduce and provide LED lights and solar technology in Pakistan for energy conservation in the industrial and agri-sector of the country.
Published 12 Nov, 2010 12:00am
Country suffers $10 billion loss due to floods, Senate told

Country suffers $10 billion loss due to floods, Senate told

Minister of State for Finance Hina Rabbani Khar on Thursday informed the Senate that the country faced a net loss of $10 billion due to the recent devastating floods, which shook the national economy and also increased prices.
Published 12 Nov, 2010 12:00am
Senate passes National Disaster Management Bill, 2010

Senate passes National Disaster Management Bill, 2010

The Senate on Thursday passed the National Disaster Management Bill, 2010 to provide for the establishment of a National Disaster Management System for Pakistan. The Bill passed by the National Assembly was moved by the Advisor to the Prime Minister Nawab
Published 12 Nov, 2010 12:00am
Senate passes National Disaster Management Bill, 2010

Senate passes National Disaster Management Bill, 2010

The Senate on Thursday passed the National Disaster Management Bill, 2010 to provide for the establishment of a National Disaster Management System for Pakistan. The Bill passed by the National Assembly was moved by the Advisor to the Prime Minister Nawab
Published 12 Nov, 2010 12:00am
Chief Justice advises legal fraternity to preserve their good image

Chief Justice advises legal fraternity to preserve their good image

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry said that legal fraternity earned good name with their cause and commitment and they should try to persevere and maintain it by rendering services to society. He was addressing delegation of Peshawar Hi
Published 12 Nov, 2010 12:00am
New York cotton futures settle lower

New York cotton futures settle lower

US cotton futures closed lower on Thursday for the second day running due to investor sales and profit-taking, pressured by lower Chinese cotton prices as the trade mulled whether the four-month long rally is finally at an end, analysts said. Cotton price
Published 12 Nov, 2010 12:00am
Malaysian palm oil hits new two-year high

Malaysian palm oil hits new two-year high

Malaysian palm oil futures hit fresh two-year highs on Thursday as traders took positions on cues from upbeat global commodity markets and fears of heavy rains affecting output. Global commodities markets surged after inflation concerns stoked by data fro
Published 12 Nov, 2010 12:00am
New York sugar slips

New York sugar slips

Arabica coffee came off a 13-1/2 year top on Wednesday and raw sugar slid from a 30-year peak due to a stronger dollar and bouts of profit-taking as both markets took a breather after rip-roaring rallies. Despite the sell-off, coffee is still the third bi
Published 12 Nov, 2010 12:00am
US copper falls

US copper falls

Copper fell about 2 percent on Wednesday as the dollar rose and top consumer China cut buying and showed signs of monetary tightening. On the COMEX metals division of the New York Mercantile Exchange, the most-active copper contract, December, settled dow
Published 12 Nov, 2010 12:00am
Shanghai copper jumps

Shanghai copper jumps

London copper rose more than 2 percent on Thursday to a record high after the latest Chinese data showed consumer inflation above expectations, a modest fall in domestic output and strong retail sales and investment. Benchmark third-month Shanghai copper
Published 12 Nov, 2010 12:00am
Copper hits historic $8,966 a tonne

Copper hits historic $8,966 a tonne

Copper raced to a record high on Thursday, with sentiment stoked by strong economic data from top consumer China and persistent supply fears as inventories fell. Three-month copper on the London Metal Exchange hit a record $8,966 a tonne, compared with $8
Published 12 Nov, 2010 12:00am
Tokyo rubber remains at 30-year high

Tokyo rubber remains at 30-year high

Key Tokyo rubber futures hit a 30-year peak for a third straight day on Thursday, aided by a jump in Shanghai futures to a record high on tight supply concerns. The key Tokyo Commodity Exchange rubber contract for April delivery rose as high as 383.0 yen
Published 12 Nov, 2010 12:00am
Liffe coffee down

Liffe coffee down

Liffe January robusta coffee ended $53 lower at $1,931 per tonne on Thursday, pressured by widespread losses in commodity markets linked to a stronger dollar. Liffe December white sugar ended $7.50 higher at $797.30 per tonne. Market remains within striki
Published 12 Nov, 2010 12:00am
US soyabeans lower

US soyabeans lower

US soybean futures closed lower on Wednesday on a firm dollar and profit-taking after the strong rally on Tuesday. Soybeans technically overbought and due for a correction with the nine-day RSI for January closing Tuesday at 87. CBOT November down 9-3/4 c
Published 12 Nov, 2010 12:00am
Oil steadies near $88

Oil steadies near $88

Oil prices were up a hair after pulling back from a new 25-month high above $88 a barrel on Thursday, as record demand in No 2 oil consumer China and an upbeat Opec consumption forecast trumped a surging dollar. Oil remained buoyant following Wednesday's
Published 12 Nov, 2010 12:00am
US gold up

US gold up

Precious metals steadied on Wednesday after futures of gold, and particularly silver, plunged in the previous session's after-hours trade, although the dollar's strength limited any immediate recovery. The price of spot bullion, which tracks trades in US
Published 12 Nov, 2010 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold prices edged up on physical demand and a pause in a dollar rally as investors closely watched for currency signals from the Group of 20 leadership summit that began on Thursday in Seoul. Spot gold gained 0.3 percent to $1,407.34 an ounce by 0613 GMT,
Published 12 Nov, 2010 12:00am
Gold surrenders gains in European trade

Gold surrenders gains in European trade

Gold retreated from early highs on Thursday as the dollar extended gains versus the euro, lifted by escalating concerns over debt in some eurozone economies and by a report suggesting US monetary easing may be tempered. The precious metal remained support
Published 12 Nov, 2010 12:00am
US MIDDAY: sugar slides

US MIDDAY: sugar slides

ICE front-month raw sugar futures extended losses from a 30-year peak as the dollar strengthened early on Thursday and were supported by reports of physical demand and uncertainty over Indian exports in 2010/11. ICE arabica coffee futures reversed early g
Published 12 Nov, 2010 12:00am
US MIDDAY: wheat down, soya up; corn mixed

US MIDDAY: wheat down, soya up; corn mixed

Wheat futures on the Chicago Board of Trade sagged on Thursday on technical selling and forecasts for welcome rains in parts of the US Plains and Mississippi River Delta winter wheat areas, traders said. Corn was choppy, and a firmer dollar hung over the
Published 12 Nov, 2010 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose on Thursday, holding firm against a stronger dollar for a second straight day, as escalating concerns over debt in some eurozone economies prompted investors to buy both the metal and greenback as safe havens. Gold benefited as doubts about Irel
Published 12 Nov, 2010 12:00am
Tale of two cities

Tale of two cities

World's most powerful leader Barack Obama arrived in Mumbai, the business hub and financial centre of India that drives the engine of growth, development and prosperity of the largest functional democracy of the world. Agreements worth USD 10 billion have
Published 12 Nov, 2010 12:00am
Sacked Employees Reinstatement Bill 2010

Sacked Employees Reinstatement Bill 2010

The Senate has passed The Sacked Employees Reinstatement Bill 2010 with majority, which would provide relief to persons in corporation service, autonomous or semi-autonomous bodies or in government service, who were dismissed, removed or terminated from s
Published 12 Nov, 2010 12:00am
Food inflation after floods

Food inflation after floods

The prices of edibles soar up to unaffordable level in the domestic market, as the supply of agricultural produces is brought to a halt due to inundation of cultivable land by the recent floods. The brutal behaviour of market forces like traders, stockist
Published 12 Nov, 2010 12:00am
The importance of the mosque

The importance of the mosque

When Mussolini requested Dr Iqbal to give some exceptional suggestion for him, Iqbal advised, "Don't allow overcrowding of the cities. Limit the size of the population of a city and after that limit instead of allowing them to settle there, create new set
Published 12 Nov, 2010 12:00am
Bush's 'Decision Points'

Bush's 'Decision Points'

Former US President George W Bush came out of retirement this week to launch his memoir "Decision Points", in which he has tried to justify the wars he started in Afghanistan and Iraq and the ruinous judgements he made in the process. Some excerpts of the
Published 12 Nov, 2010 12:00am
The tax bomb!

The tax bomb!

Federal Finance Minister Dr Hafeez Sheikh flanked by the Minister for Information Kaira as well as the Minister for Interior Rehman Malik announced the Cabinet decision to table the reformed general sales tax (RGST) in the parliament, increase income tax
Published 12 Nov, 2010 12:00am
Call to make microfinance a viable instrument

Call to make microfinance a viable instrument

Consolidated strategy along with proper regulatory framework is needed in the aftermath of devastating floods to make microfinance a viable instrument for the welfare of the downtrodden and poor segment of society.
Published 12 Nov, 2010 12:00am
Khyber Pakhtunkhwa fixes minimum wage at Rs 7,000

Khyber Pakhtunkhwa fixes minimum wage at Rs 7,000

Chief Minister, Khyber Pakhtunkhwa Ameer Haider Khan Hoti has approved the enhancement in the minimum rates of wages at the rate of Rs 7000 per month for unskilled workers. The decision has been taken in line with the announcement made by the federal gove
Published 12 Nov, 2010 12:00am
Forces kill six militants in Orakzai

Forces kill six militants in Orakzai

Dozens of militants armed with assault rifles attacked a security forces patrol near Afghan border in Orakzai agency sparking a gun battle that left six insurgents dead, security sources said. One soldier embraced martyrdom in the gunfight, the security o
Published 12 Nov, 2010 12:00am
PARC, IIUI sign MoU on scientific, technical cooperation

PARC, IIUI sign MoU on scientific, technical cooperation

Pakistan Agricultural Research Council (PARC) and International Islamic University Islamabad (IIUI) on Thursday signed a Memorandum of Understanding (MoU) for scientific and technical co-operation, besides strengthening scientific infrastructure.
Published 12 Nov, 2010 12:00am
German team meets Bijarani

German team meets Bijarani

A three-member German delegation from Uhde GmbH led by Asadullah Kazmi President Capital Strategies Group called on Federal Minister for Industries & Production Mir Hazar Khan Bijarani here on Thursday. The Minister while welcoming the delegation said tha
Published 12 Nov, 2010 12:00am
Hoti rejects levy of RGST, flood tax

Hoti rejects levy of RGST, flood tax

Convenor of the anti-graft caucus and member of the National Assembly Nawabzada Khawaja Mohammad Khan Hoti has rejected the levy of Reformed General Sales Tax (RGST) and flood tax, saying rulers themselves are inciting people on revolution. Talking to dif
Published 12 Nov, 2010 12:00am
FBR to launch 'Sales Tax Lucky Draw Scheme' from January

FBR to launch 'Sales Tax Lucky Draw Scheme' from January

The Federal Board of Revenue (FBR) has announced launching the 'Sales Tax Lucky Draw Scheme' for the first time from January 1, 2010. This has been decided in a meeting of the steering committee on the 'Sales Tax Lucky Draw Scheme' held here on Thursday.
Published 12 Nov, 2010 12:00am
Flood-hit people of Swat: 'Army engaged in rehabilitation'

Flood-hit people of Swat: 'Army engaged in rehabilitation'

Armed forces are actively engaged in the rehabilitation of the people of Swat affected by flood and terrorism. Earlier, Pakistan Army eliminated the area from the terrorists and now army is actively participating in various welfare activities to improve t
Published 12 Nov, 2010 12:00am
Chief minister Punjab reviews security arrangements for Muharram

Chief minister Punjab reviews security arrangements for Muharram

Punjab Chief Minister Shahbaz Sharif presided over a high level meeting to review security arrangements for Muharram at the Chief Minister's Secretariat here on Thursday. A number of important decisions regarding promotion of religious harmony, brotherhoo
Published 12 Nov, 2010 12:00am
Increase in gas tariff: decision to be taken within a week: Ogra

Increase in gas tariff: decision to be taken within a week: Ogra

The decision regarding 13 percent increase in gas tariff as requested by the Sui Northern Gas Pipe Lines Limited (SNGPL) will be taken within a week, Chairman Oil and Gas Regulatory Authority (Ogra) Tauqir Sadiq, said. Talking to reporters after public he
Published 12 Nov, 2010 12:00am
FAP opposes decision of PSMA: start crushing season after Eid

FAP opposes decision of PSMA: start crushing season after Eid

Farmers Associates Pakistan (FAP) has strongly protested over the decision of the Pakistan Sugar Mills Association (PSMA) to start crushing season after Eid ul Azha. Standing Committee of the FAP on sugarcane held a meeting with its convenor Malik Zafar I
Published 12 Nov, 2010 12:00am
APBUMA for mark-up rate in single digit

APBUMA for mark-up rate in single digit

Chairman of All Pakistan Bedsheet & Upholstery Manufacturers Association (APBUMA) Khawaja Muhammad Jalal-uddin Roomi has suggested to reduce the mark-up rate to single digit, as high mark-up rate was stalling industry growth and said that government shoul
Published 12 Nov, 2010 12:00am
Price hike, power tariff raise widely condemned

Price hike, power tariff raise widely condemned

People belonging to different walks of life on Thursday strongly criticised the poor polices of the government, because of which the economic conditions of the country are deteriorating with every passing day. Expressing their views during a survey conduc
Published 12 Nov, 2010 12:00am
'UK foreseeing better economic, investment outlook in Pakistan'

'UK foreseeing better economic, investment outlook in Pakistan'

The British government is foreseeing better economic and investment outlook in Pakistan and thus encouraging its companies to invest here. It also considers Pakistan as a long-term strategic partner and would continue to support all its endeavours aimed a
Published 12 Nov, 2010 12:00am
MCCI criticises Cabinet for granting approval to RGST

MCCI criticises Cabinet for granting approval to RGST

The Multan Chamber of Commerce and Industry (MCCI) has warned the government that business community may resist new taxation measures, as approval of Reformed General Sales Tax (RGST) and flood surcharge has been given at a time when all the businesses we
Published 12 Nov, 2010 12:00am
11 passengers killed in bus crash

11 passengers killed in bus crash

At least eleven passengers including six women and a child died and another 17 injured when a speedy van fell into the river Chenab after a collision with a 22-wheel trailer at a bridge near Chund (Jhang district) some 170 km north-east of Multan on Thurs
Published 12 Nov, 2010 12:00am
Hearing of fake degree case postponed to November 16

Hearing of fake degree case postponed to November 16

An election tribunal has postponed hearing of a petition filed against PML-N MNA Malik Riaz to November 16. Asif Hashmi, Chairman Evacuee Trust Property Board (ETPB), a defeated candidate from NA-118 Lahore, alleged that Riaz Malik possesses fake BA degre
Published 12 Nov, 2010 12:00am
KBP shows opposition to RGST

KBP shows opposition to RGST

Kisan Board Pakistan (KBP), strongly reacting to enforcement of Reformed General Sales Tax (RGST), has asked the growers' community to prepare for waging resistance against the tax. KBP Central President, Sardar Zafar Hussein and General Secretary, Malik
Published 12 Nov, 2010 12:00am
PIAF seeks withdrawal

PIAF seeks withdrawal

Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to immediately withdraw Reformed General Sales Tax and 10 percent flood surcharge, as it would push the industrial sector to the wall.
Published 12 Nov, 2010 12:00am
Government urged to review Decision

Government urged to review Decision

The Vice President, SAARC Chamber of Commerce and Industry and FPCCI former President Iftikhar Ali Malik has urged the parliamentarians to review the implementation of Reformed General Sales Tax (RGST) and flood surcharges as it is bound to create complic
Published 12 Nov, 2010 12:00am
SECP fines 34 defaulting companies

SECP fines 34 defaulting companies

As part of its enforcement and regulatory function, the Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) has passed 34 orders, fining defaulting companies besides issuance of 37 show-cause notices in October, whereas pro
Published 12 Nov, 2010 12:00am
Engro emphasises importance of implementing HSE practices

Engro emphasises importance of implementing HSE practices

Engro Fertilisers Limited here on Thursday hosted the 3rd Annual Health, Safety, and Environmental (HSE) seminar. The seminar aimed to create awareness among the participants on the best practices, innovative solutions and creative ideas on successful HSE
Published 12 Nov, 2010 12:00am
'The Method to the Madness' workshop held

'The Method to the Madness' workshop held

Advertising Association of Pakistan (AAP), in collaboration with Revelation Inc, recently held a one-day creative workshop, titled 'The Method to the Madness' at a local hotel. The workshop was the first in a series of 4 workshops planned by AAP to be hel
Published 12 Nov, 2010 12:00am
Business community voices concern at RGST, flood surcharge

Business community voices concern at RGST, flood surcharge

Business community of the city wonder what they are to do when their own government turns against them and adopts all possible means at its disposal to ensure that carrying on businesses and industrial activities's are made as difficult as possible.
Published 12 Nov, 2010 12:00am
'Workers getting social protection under EOBI Act'

'Workers getting social protection under EOBI Act'

Provision of social protection and relevant benefits available to all workers of the country under EOBI Act 1976 and allied organisations like social security institutions and Workers Welfare Fund etc, is a constitutional binding on all government institu
Published 12 Nov, 2010 12:00am
Katchi Abadis: SKAA initiates regularisation work

Katchi Abadis: SKAA initiates regularisation work

Sindh Katchi Abadi Authority (SKAA) has initiated the regularisation work in various Katchi Abadis in Karachi. On the directives of Provincial Minister Sindh Katchi Abadi Authority (SKAA), Engineer Rafiq, the Director Karachi field office SKAA the regular
Published 12 Nov, 2010 12:00am
Sugar price reduced to Rs 100 per kg

Sugar price reduced to Rs 100 per kg

Sugar price on Thursday reduced to Rs 100 per kilogram after mills reportedly enhanced the commodity's supply to the mass-market, market sources said. Sugar price had shot up to a record level of Rs 105 -110 per kilogram on the retail market early this we
Published 12 Nov, 2010 12:00am
Jodia Bazaar: police pickets to be established

Jodia Bazaar: police pickets to be established

Deputy Inspector General (DIG) South, Iqbal Mehmood has assured business community that police pickets would be established at all entrance and exit points of Jodia Bazaar to curb criminal activities in the area. Speaking at a meeting of Pakistan Chemical
Published 12 Nov, 2010 12:00am
Deletion of KAPCO: MSCI announces results of Semi-Annual Index Review

Deletion of KAPCO: MSCI announces results of Semi-Annual Index Review

Morgan Stanley Capital International (MSCI), a leading provider of benchmark indices has announced the results of November 2010 Semi-Annual Index Review with one deletion of Kot Addu Power Company (KAPCO) from the MSCI Frontier Market Index. After deletio
Published 12 Nov, 2010 12:00am
Sindh government cancels NOCs of eight sugar mills

Sindh government cancels NOCs of eight sugar mills

Sindh government has cancelled No Objection Certificates (NOCs) of eight sugar mills, which could not be set-up on given deadline. Officials in Sindh Commerce and Industries Department told Business Recorder that the department has issued licences
Published 12 Nov, 2010 12:00am
Dell showcases Smart-Homes technology

Dell showcases Smart-Homes technology

Dell has recently arranged an exciting technology event in Singapore, to showcase its wide range of innovations in computers and multi-media products for creating Smart-Homes for modern families. Notable enthusiasts, Techies and media buffs from numerous
Published 12 Nov, 2010 12:00am
Customs seize 127,144 litres of Iranian petrol

Customs seize 127,144 litres of Iranian petrol

Anti Smuggling Organisation (ASO) of Preventive Collectorate, Customs has seized over 127,144 litres of smuggled Iranian petrol and diesel during a weeklong strict vigilance. In a statement issued here on Thursday, the ASO, on the directives of the direct
Published 12 Nov, 2010 12:00am
Gold and silver prices hit fresh peak

Gold and silver prices hit fresh peak

Gold and silver prices on Thursday mounted to fresh highs of Rs 44, 700 per tola and Rs 830 per tola respectively, traders said. Gold prices went up by Rs 400 per tola from Rs 44, 300 while the yellow metal price of 10-gram also reached to a fresh peak of
Published 12 Nov, 2010 12:00am
Corporate governance code: SECP extends deadline for submitting comments

Corporate governance code: SECP extends deadline for submitting comments

In order to accommodate the concerns and views of all stakeholders adequately, the Securities and Exchange Commission Pakistan (SECP) has extended the deadline for submitting comments on the amended Code of Corporate Governance to December 5, 2010. Accord
Published 12 Nov, 2010 12:00am
President and Prime Minister condemn Karachi blast

President and Prime Minister condemn Karachi blast

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani have strongly condemned the blast at the CID centre in Karachi on Thursday and vowed that the government would not be deterred by such acts of violence and continue the war against terr
Published 12 Nov, 2010 12:00am
Zardari arrives in China on three-day visit

Zardari arrives in China on three-day visit

President Asif Ali Zardari on Thursday evening arrived here to witness the opening of 16th Asian games and to use the occasion for holding bilateral meetings with Chinese Premier Wen Jiabao and Thai Prime Minister Abhisit Vejjajiva, besides meeting China'
Published 12 Nov, 2010 12:00am
CDGK employees not yet paid October's salaries

CDGK employees not yet paid October's salaries

As few days remaining in Eid-ul-Azha, employees of City District Government Karachi (CDGK) are still deprived from their salaries of the month of October, it is learnt. However, Administrator Karachi, Fazlur Rehman on November 1, 2010 after the inaugurati
Published 12 Nov, 2010 12:00am
Nawaz seeks time to respond: Jamali invites Nawaz to join MML

Nawaz seeks time to respond: Jamali invites Nawaz to join MML

Former Prime Minister and convenor Muttahida Muslim League (MML)'s Steering Committee, Mir Zafarullah Jamali, on Thursday met PML-N chief Nawaz Sharif at his Raiwind residence and formally invited him to join MML. However, Nawaz sought time for consultati
Published 12 Nov, 2010 12:00am
PUSIL's seminar on November 13

PUSIL's seminar on November 13

The Punjab University Society of International Law (PUSIL) will organise a seminar on "United Nations and International Law" on Saturday, November 13, 2010 in the auditorium of Dr Pervaiz Hassan Environmental Law Centre of Law College.
Published 12 Nov, 2010 12:00am
July-October remittances rise over 13 percent to $3.5 billion

July-October remittances rise over 13 percent to $3.5 billion

Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $3,501.40 million was received in the first four months (July-October) of the current fiscal year, showing an increase of $411.61 million or 13.32 percent over t
Published 12 Nov, 2010 12:00am
PIA's pre-Hajj operation concludes

PIA's pre-Hajj operation concludes

PIA has completed its pre-Hajj operation at all of its stations in Pakistan. The airline operated 255 flights from Pakistan, carrying 102,997 intending pilgrims to the Holy Land with a flight technical punctuality of 94 percent, PIA spokesman said, here o
Published 12 Nov, 2010 12:00am
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