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Print - 2010-11-14
ANP won't support levy of new taxes: Asfandyar

ANP won't support levy of new taxes: Asfandyar

Awami National Party (ANP) Chief Asfandyar Wali Khan has said the party will not support levy of any new tax in the country. Addressing a news conference here at Chief Minister's House on Saturday, he said that the people were already braving sky rocketin
Published 14 Nov, 2010 12:00am
SSGC sets up free medical camp

SSGC sets up free medical camp

SSGC's Medical Services Department organised a day-long free medical camp for the flood victims at Government Allama Iqbal High School, Sohrab Goth as part of the Company's Corporate Social Responsibility (CSR) initiative. The camp in-charge was Squadron
Published 14 Nov, 2010 12:00am
Celebrating Eid: number of people going upcountry declining

Celebrating Eid: number of people going upcountry declining

The number of people going upcountry to celebrate Eid with their families has declined particularly for the last two years. General Secretary, Sindh air-conditioned Bus Owners Association, Haji Abul Rauf Khan Niazi while talking to Business Recorder </
Published 14 Nov, 2010 12:00am
ANP leader dies in Quetta

ANP leader dies in Quetta

The central leader of ANP and tribal chief of Achakzai tribe, Sardar Jilani Khan Achakzai succumbed to injuries and breath his last here at Combine Military Hospital on Saturday. The ANP central Deputy General Secretary, Haji Jilani Khan Achakzai along wi
Published 14 Nov, 2010 12:00am
'Balanced diet, proper medication useful for treatment of diabetes'

'Balanced diet, proper medication useful for treatment of diabetes'

Healthy and balance diet, regular physical activity and proper medication could be useful for treatment of diabetes. This was stated by Dr Asma Yawar, Diabetologist and Endocrinologist, Kidney Centre Post Graduate Training Institute in a press conference
Published 14 Nov, 2010 12:00am
KESC denies power disconnection of CID Centre

KESC denies power disconnection of CID Centre

Karachi Electricity Supply Company (KESC) has clarified the false impression created in a section of press that power supply to CID Centre was disconnected before bomb blast. In fact the Company made all out efforts immediately after the blast to illumina
Published 14 Nov, 2010 12:00am
Qaim visits Bhutto family's graveyard

Qaim visits Bhutto family's graveyard

Sindh Chief Minister and President PPP Sindh Syed Qaim Ali Shah, visited the graves of the martyrs of Bhutto family in Garhi Khuda Bakhsh, on Saturday. He visited the grave of Shaheed chairperson of PPP and former prime minister Mohtarma Benazir Bhutto. H
Published 14 Nov, 2010 12:00am
PBBF plans to take Belgian Food Festival to national level

PBBF plans to take Belgian Food Festival to national level

Pakistan Belgium Business Forum (PBBF) is planning to take Belgian Food Festival to the national level, said Mohammed A. Rajpar, President PBBF while addressing the inauguration ceremony of Belgian Food Festival organised by PBBF and Marriot Karachi with
Published 14 Nov, 2010 12:00am
Exports made zero-rated under RGST regime: Fauzia Wahab

Exports made zero-rated under RGST regime: Fauzia Wahab

Chairperson National Assembly's Standing Committee on Finance and Revenue, Fouzia Wahab, on Friday told business community that all exports have been made zero rated under Reformed General Sales Tax (RGST). Addressing members of Karachi Chamber of Commerc
Published 14 Nov, 2010 12:00am
US trial unlikely for 9/11 suspect Khalid Sheikh

US trial unlikely for 9/11 suspect Khalid Sheikh

The self-proclaimed mastermind of the September 11, 2001, attacks probably will remain in military detention without trial for the foreseeable future, The Washington Post reported on Saturday, citing Obama administration officials.
Published 14 Nov, 2010 12:00am
US trial unlikely for 9/11 suspect Khalid Sheikh

US trial unlikely for 9/11 suspect Khalid Sheikh

The self-proclaimed mastermind of the September 11, 2001, attacks probably will remain in military detention without trial for the foreseeable future, The Washington Post reported on Saturday, citing Obama administration officials.
Published 14 Nov, 2010 12:00am
Obama backs Japan for UN Security Council

Obama backs Japan for UN Security Council

US President Barack Obama said Saturday that Japan was a model of the kind of country that should be a permanent member of the United Nations Security Council. He also said at a bilateral meeting with Japanese Prime Minister Naoto Kan that he had invited
Published 14 Nov, 2010 12:00am
Obama backs Japan for UN Security Council

Obama backs Japan for UN Security Council

US President Barack Obama said Saturday that Japan was a model of the kind of country that should be a permanent member of the United Nations Security Council. He also said at a bilateral meeting with Japanese Prime Minister Naoto Kan that he had invited
Published 14 Nov, 2010 12:00am
Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia''s communications authority unblocked Facebook on Saturday after shutting down the popular social networking website for a few hours. An official with Saudi''s Communications and Information Technology Commission said the kingdom blocked the
Published 14 Nov, 2010 12:00am
Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia's communications authority unblocked Facebook on Saturday after shutting down the popular social networking website for a few hours. An official with Saudi's Communications and Information Technology Commission said the kingdom blocked the si
Published 14 Nov, 2010 12:00am
Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia's communications authority unblocked Facebook on Saturday after shutting down the popular social networking website for a few hours. An official with Saudi's Communications and Information Technology Commission said the kingdom blocked the si
Published 14 Nov, 2010 12:00am
Hectic talks on for FTAs with US, other countries: Fahim

Hectic talks on for FTAs with US, other countries: Fahim

Federal Commerce Minister Amin Fahim has said that hectic talks are on to win Free Trade Agreements with the United States and other countries, while the government is optimistic about the positive outcome in near future. Because of the ongoing economic r
Published 14 Nov, 2010 12:00am
Hectic talks on for FTAs with US, other countries: Fahim

Hectic talks on for FTAs with US, other countries: Fahim

Federal Commerce Minister Amin Fahim has said that hectic talks are on to win Free Trade Agreements with the United States and other countries, while the government is optimistic about the positive outcome in near future. Because of the ongoing economic r
Published 14 Nov, 2010 12:00am
Hectic talks on for FTAs with US, other countries: Fahim

Hectic talks on for FTAs with US, other countries: Fahim

Federal Commerce Minister Amin Fahim has said that hectic talks are on to win Free Trade Agreements with the United States and other countries, while the government is optimistic about the positive outcome in near future. Because of the ongoing economic r
Published 14 Nov, 2010 12:00am
Training in tribal zones: French charges four men as suspects

Training in tribal zones: French charges four men as suspects

A judicial official says that four men suspected of belonging to a network sending French residents to the tribal zones of the Pakistan-Afghanistan border to train for combat have been charged. A woman who was detained with them has been released. The off
Published 14 Nov, 2010 12:00am
Training in tribal zones: French charges four men as suspects

Training in tribal zones: French charges four men as suspects

A judicial official says that four men suspected of belonging to a network sending French residents to the tribal zones of the Pakistan-Afghanistan border to train for combat have been charged. A woman who was detained with them has been released. The off
Published 14 Nov, 2010 12:00am
Airbase attacked; 10 killed in Afghan market bombing

Airbase attacked; 10 killed in Afghan market bombing

The Taliban launched a pre-dawn attack on a Nato base in eastern Afghanistan on Saturday, triggering a firefight with foreign and Afghan forces that left eight militants dead. Another 10 people, including three children, were killed in a motorcycle bombin
Published 14 Nov, 2010 12:00am
Airbase attacked; 10 killed in Afghan market bombing

Airbase attacked; 10 killed in Afghan market bombing

The Taliban launched a pre-dawn attack on a Nato base in eastern Afghanistan on Saturday, triggering a firefight with foreign and Afghan forces that left eight militants dead. Another 10 people, including three children, were killed in a motorcycle bombin
Published 14 Nov, 2010 12:00am
Three killed, five injured in Bangladesh bomb attack

Three killed, five injured in Bangladesh bomb attack

At least three people were killed and five, including a lawmaker of the ruling party, injured in a suicide bomb attack in Bangladesh on Saturday, police said. The bomb was detonated at the residence of Afaz Uddin, an Awami League member of parliament, nea
Published 14 Nov, 2010 12:00am
Three killed, five injured in Bangladesh bomb attack

Three killed, five injured in Bangladesh bomb attack

At least three people were killed and five, including a lawmaker of the ruling party, injured in a suicide bomb attack in Bangladesh on Saturday, police said. The bomb was detonated at the residence of Afaz Uddin, an Awami League member of parliament, nea
Published 14 Nov, 2010 12:00am
US drone strike kills five militants

US drone strike kills five militants

A US drone strike in Pakistan's north-western tribal belt on Saturday killed five militants, destroying their compound and a vehicle, local security officials said. Two missiles fired by a US drone hit Ahmad Khel village, some 25 kilometres west of Mirans
Published 14 Nov, 2010 12:00am
US drone strike kills five militants

US drone strike kills five militants

A US drone strike in Pakistan's north-western tribal belt on Saturday killed five militants, destroying their compound and a vehicle, local security officials said. Two missiles fired by a US drone hit Ahmad Khel village, some 25 kilometres west of Mirans
Published 14 Nov, 2010 12:00am
Punjab reverts to six-day working week

Punjab reverts to six-day working week

Punjab government has notified that six days working week will be observed in the province of Punjab with effect from November 22, 2010. The office timings from Monday to Thursday and Saturday will be from 8.00 am to 3.00 pm while on Friday from 8.00 am t
Published 14 Nov, 2010 12:00am
Punjab reverts to six-day working week

Punjab reverts to six-day working week

Punjab government has notified that six days working week will be observed in the province of Punjab with effect from November 22, 2010. The office timings from Monday to Thursday and Saturday will be from 8.00 am to 3.00 pm while on Friday from 8.00 am t
Published 14 Nov, 2010 12:00am
Abducted Afghan CG released after two years

Abducted Afghan CG released after two years

Abductors have released Afghan Consul General in Peshawar, Dr Abdul Khaliq Farahi on Saturday after keeping him in captivity for two years, Aaj News reported. Dr Farahi was abducted on September 22, 2008 from Peshawar. At the time of abduction, the
Published 14 Nov, 2010 12:00am
Abducted Afghan CG released after two years

Abducted Afghan CG released after two years

Abductors have released Afghan Consul General in Peshawar, Dr Abdul Khaliq Farahi on Saturday after keeping him in captivity for two years, Aaj News reported. Dr Farahi was abducted on September 22, 2008 from Peshawar. At the time of abduction, the
Published 14 Nov, 2010 12:00am
Corruption charges: Rao Shakeel, Abdul Malik, others arrested

Corruption charges: Rao Shakeel, Abdul Malik, others arrested

The Federal Investigation Agency (FIA) has arrested six officials including the former Director General Haj Rao Shakeel and the former Chairman Trading Corporation of Pakistan on charges of corruption, Aaj News reported on Saturday. According to th
Published 14 Nov, 2010 12:00am
Corruption charges: Rao Shakeel, Abdul Malik, others arrested

Corruption charges: Rao Shakeel, Abdul Malik, others arrested

The Federal Investigation Agency (FIA) has arrested six officials including the former Director General Haj Rao Shakeel and the former Chairman Trading Corporation of Pakistan on charges of corruption, Aaj News reported on Saturday. According to th
Published 14 Nov, 2010 12:00am
Republicans take tough stand on Bush tax cuts

Republicans take tough stand on Bush tax cuts

Fresh off big victories on Election Day, Republicans in Congress feel empowered in their fight to extend tax cuts that expire in January, including those for the wealthy. President Barack Obama has said he wants to compromise with Republicans to ensure th
Published 14 Nov, 2010 12:00am
Gabon's natural gas draws $1.3 billion deal

Gabon's natural gas draws $1.3 billion deal

Resource rich Gabon Saturday signed a 1.3 billion dollar deal to set up a fertiliser complex with Singapore-based Olam International, on the back of its cheap natural gas reserves, officials said. Gabon President Ali Bongo Ondimba hailed the agreement as
Published 14 Nov, 2010 12:00am
Sarkozy accepts French government's resignation

Sarkozy accepts French government's resignation

France's President Nicolas Sarkozy accepted the resignation of Prime Minister Francois Fillon and his cabinet on Saturday, paving the way for a long-awaited cabinet reshuffle. The resignation is a traditional formality, allowing the head of state to pick
Published 14 Nov, 2010 12:00am
Regulatory duty on Kraft paper withdrawn

Regulatory duty on Kraft paper withdrawn

The government has withdrawn 5 percent regulatory duty on sack Kraft paper (SKP) despite strong opposition by the Ministry of Industries and Production (MoI&P). Official documents obtained from MoI&P suggest that the issue was placed before the Economic C
Published 14 Nov, 2010 12:00am
Regulatory duty on Kraft paper withdrawn

Regulatory duty on Kraft paper withdrawn

The government has withdrawn 5 percent regulatory duty on sack Kraft paper (SKP) despite strong opposition by the Ministry of Industries and Production (MoI&P). Official documents obtained from MoI&P suggest that the issue was placed before the Economic C
Published 14 Nov, 2010 12:00am
Regulatory duty on Kraft paper withdrawn

Regulatory duty on Kraft paper withdrawn

The government has withdrawn 5 percent regulatory duty on sack Kraft paper (SKP) despite strong opposition by the Ministry of Industries and Production (MoI&P). Official documents obtained from MoI&P suggest that the issue was placed before the Economic C
Published 14 Nov, 2010 12:00am
Regulatory duty on Kraft paper withdrawn

Regulatory duty on Kraft paper withdrawn

The government has withdrawn 5 percent regulatory duty on sack Kraft paper (SKP) despite strong opposition by the Ministry of Industries and Production (MoI&P). Official documents obtained from MoI&P suggest that the issue was placed before the Economic C
Published 14 Nov, 2010 12:00am
Recovery of sales tax: IR officials to have powers of civil court

Recovery of sales tax: IR officials to have powers of civil court

The officials of the Inland Revenue would have the powers of civil court for the recovery of sales tax under a decree under the Code of Civil Procedure, 1908. According to a new section 64 of the general sales tax bill 2010, an officer of Inland Revenue c
Published 14 Nov, 2010 12:00am
Recovery of sales tax: IR officials to have powers of civil court

Recovery of sales tax: IR officials to have powers of civil court

The officials of the Inland Revenue would have the powers of civil court for the recovery of sales tax under a decree under the Code of Civil Procedure, 1908. According to a new section 64 of the general sales tax bill 2010, an officer of Inland Revenue c
Published 14 Nov, 2010 12:00am
Recovery of sales tax: IR officials to have powers of civil court

Recovery of sales tax: IR officials to have powers of civil court

The officials of the Inland Revenue would have the powers of civil court for the recovery of sales tax under a decree under the Code of Civil Procedure, 1908. According to a new section 64 of the general sales tax bill 2010, an officer of Inland Revenue c
Published 14 Nov, 2010 12:00am
Second quarter tax targets be made realistic: RTO Karachi tells FBR...

Second quarter tax targets be made realistic: RTO Karachi tells FBR...

Regional Tax Office Karachi has conveyed to the Federal Board of Revenue that the regional tax authorities would make all possible efforts to achieve the target of the second quarter (October-December) of 2010-11 if logical revenue collection targets are
Published 14 Nov, 2010 12:00am
Second quarter tax targets be made realistic: RTO Karachi tells FBR...

Second quarter tax targets be made realistic: RTO Karachi tells FBR...

Regional Tax Office Karachi has conveyed to the Federal Board of Revenue that the regional tax authorities would make all possible efforts to achieve the target of the second quarter (October-December) of 2010-11 if logical revenue collection targets are
Published 14 Nov, 2010 12:00am
Second quarter tax targets be made realistic: RTO Karachi tells FBR...

Second quarter tax targets be made realistic: RTO Karachi tells FBR...

Regional Tax Office Karachi has conveyed to the Federal Board of Revenue that the regional tax authorities would make all possible efforts to achieve the target of the second quarter (October-December) of 2010-11 if logical revenue collection targets are
Published 14 Nov, 2010 12:00am
US and China stick to guns on global balancing at Apec

US and China stick to guns on global balancing at Apec

Cracks between advanced and emerging economies that were papered over by the G20 resurfaced at an Asia-Pacific summit on Saturday, with Washington and Beijing returning to their positions on trade and currencies. US President Barack Obama warned countries
Published 14 Nov, 2010 12:00am
US and China stick to guns on global balancing at Apec

US and China stick to guns on global balancing at Apec

Cracks between advanced and emerging economies that were papered over by the G20 resurfaced at an Asia-Pacific summit on Saturday, with Washington and Beijing returning to their positions on trade and currencies. US President Barack Obama warned countries
Published 14 Nov, 2010 12:00am
US and China stick to guns on global balancing at Apec

US and China stick to guns on global balancing at Apec

Cracks between advanced and emerging economies that were papered over by the G20 resurfaced at an Asia-Pacific summit on Saturday, with Washington and Beijing returning to their positions on trade and currencies. US President Barack Obama warned countries
Published 14 Nov, 2010 12:00am
Artificial control on prices to backfire: PSMA

Artificial control on prices to backfire: PSMA

The Chairman of Pakistan Sugar Mills Association (PSMA), Javed Kayani, said on Saturday that artificial control on sugar prices would prove counterproductive, like last year. Talking to Business Recorder, he said that sugar price can only stabilise when t
Published 14 Nov, 2010 12:00am
Artificial control on prices to backfire: PSMA

Artificial control on prices to backfire: PSMA

The Chairman of Pakistan Sugar Mills Association (PSMA), Javed Kayani, said on Saturday that artificial control on sugar prices would prove counterproductive, like last year. Talking to Business Recorder, he said that sugar price can only stabilise when t
Published 14 Nov, 2010 12:00am
Artificial control on prices to backfire: PSMA

Artificial control on prices to backfire: PSMA

The Chairman of Pakistan Sugar Mills Association (PSMA), Javed Kayani, said on Saturday that artificial control on sugar prices would prove counterproductive, like last year. Talking to Business Recorder, he said that sugar price can only stabilise when t
Published 14 Nov, 2010 12:00am
The Weather

The Weather

The weather report on Saturday (November 13, 2010) and the forecast for Sunday (November 14, 2010).

Published 14 Nov, 2010 12:00am
Reformed GST: government and business community on war path

Reformed GST: government and business community on war path

The business community is on the war path with the government as the Federation of Chambers of Commerce and Industry (FPCCI) has rejected the proposed Reformed General Sales Tax (RGST), saying it is a recipe for destroying businesses and trade in Pakistan
Published 14 Nov, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Reformed GST: government and business community on war path

Reformed GST: government and business community on war path

The business community is on the war path with the government as the Federation of Chambers of Commerce and Industry (FPCCI) has rejected the proposed Reformed General Sales Tax (RGST), saying it is a recipe for destroying businesses and trade in Pakistan
Published 14 Nov, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Reformed GST: government and business community on war path

Reformed GST: government and business community on war path

The business community is on the war path with the government as the Federation of Chambers of Commerce and Industry (FPCCI) has rejected the proposed Reformed General Sales Tax (RGST), saying it is a recipe for destroying businesses and trade in Pakistan
Published 14 Nov, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (November 13, 2010) and for Sunday (November 14, 2010)
Published 14 Nov, 2010 12:00am
Next IMF tranche: Pakistan''s prospects improve

Next IMF tranche: Pakistan''s prospects improve

A 10-day long International Monetary Fund''s (IMF) review of Pakistan''s economy has concluded here at a positive note as its visiting mission has finally shown willingness to take Islamabad''s case to its board of directors (BoDs) for at least one tranch
Published 14 Nov, 2010 12:00am
Next IMF tranche: Pakistan's prospects improve

Next IMF tranche: Pakistan's prospects improve

A 10-day long International Monetary Fund's (IMF) review of Pakistan's economy has concluded here at a positive note as its visiting mission has finally shown willingness to take Islamabad's case to its board of directors (BoDs) for at least one tranche o
Published 14 Nov, 2010 12:00am
Next IMF tranche: Pakistan's prospects improve

Next IMF tranche: Pakistan's prospects improve

A 10-day long International Monetary Fund's (IMF) review of Pakistan's economy has concluded here at a positive note as its visiting mission has finally shown willingness to take Islamabad's case to its board of directors (BoDs) for at least one tranche o
Published 14 Nov, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
IMF chief says US pushed too fast at G20

IMF chief says US pushed too fast at G20

The United States, which was dealt a trade policy slap-down at a G20 summit, pushed its ideas too fast at a time when the mood for co-operation has waned, the IMF chief said Saturday. The Group of 20 summit knocked back US proposals for binding targets to
Published 14 Nov, 2010 12:00am
IMF chief says US pushed too fast at G20

IMF chief says US pushed too fast at G20

The United States, which was dealt a trade policy slap-down at a G20 summit, pushed its ideas too fast at a time when the mood for co-operation has waned, the IMF chief said Saturday. The Group of 20 summit knocked back US proposals for binding targets to
Published 14 Nov, 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 Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
IMF chief says US pushed too fast at G20

IMF chief says US pushed too fast at G20

The United States, which was dealt a trade policy slap-down at a G20 summit, pushed its ideas too fast at a time when the mood for co-operation has waned, the IMF chief said Saturday. The Group of 20 summit knocked back US proposals for binding targets to
Published 14 Nov, 2010 12:00am
Myanmar frees democracy icon Suu Kyi

Myanmar frees democracy icon Suu Kyi

Myanmar's democracy leader Aung San Suu Kyi walked free Saturday after seven years as a prisoner in her own home, calling on a sea of jubilant supporters to unite in the face of repression. Waving and smiling, the Nobel Peace Prize winner appeared outside
Published 14 Nov, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Myanmar frees democracy icon Suu Kyi

Myanmar frees democracy icon Suu Kyi

Myanmar's democracy leader Aung San Suu Kyi walked free Saturday after seven years as a prisoner in her own home, calling on a sea of jubilant supporters to unite in the face of repression. Waving and smiling, the Nobel Peace Prize winner appeared outside
Published 14 Nov, 2010 12:00am
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