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Print - 2010-12-07
Corporate Excellence Award for First Habib Modaraba

Corporate Excellence Award for First Habib Modaraba

Management Association of Pakistan (MAP) has given "Corporate Excellence Award" to First Habib Modaraba (FHM) in their 27th Corporate Excellence Award ceremony held on 23 November, 2010. This award has been given from the category of Equity Investment Ins
Published 07 Dec, 2010 12:00am
QAU awards scholarships worth Rs 58 million to over 3,000 students

QAU awards scholarships worth Rs 58 million to over 3,000 students

Quaid-i-Azam University (QAU )has awarded scholarships worth Rs 58 million during 2009-10 to more than three thousand students under 23 different scholarship programmes. This was stated by QAU Vice Chancellor Professor Dr Masoom Yasinzai while addressing
Published 07 Dec, 2010 12:00am
Samsung dominates 3D TV market in third quarter

Samsung dominates 3D TV market in third quarter

Samsung Electronics, a market semiconductors and telecommunications has dominated the 2010 third quarter 3D TV market in the United States, establishing an equation of '3D TV = Samsung'. Samsung Electronics took an 81.9 percent (in terms of units sold) of
Published 07 Dec, 2010 12:00am
MCB sets up Islamabad Treasury office

MCB sets up Islamabad Treasury office

MCB, through its Treasury & FX Group is setting up the Bank's Islamabad Treasury office. This initiative follows the developments made by the recently opened Lahore Treasury. The Islamabad Treasury would ensure that a full product suite is provided to ban
Published 07 Dec, 2010 12:00am
Multinet sets up first eConnect hub

Multinet sets up first eConnect hub

Multinet Pakistan, in collaboration with Epsilon launched eConnect, the Carrier Neutral Interconnect Platform and its ePoP services in Karachi. The eConnect hub in South Asia will effectively cater to the growing demand for the fast and cost effective exc
Published 07 Dec, 2010 12:00am
Flood affectees: NGOs accused of minting millions of dollars

Flood affectees: NGOs accused of minting millions of dollars

Balochistan Minister for Excise and Taxation and Pakistan People's Party (PPP) leader, Mir Muhammad Ameen Umrani has said that non-governmental organisations lack a strategy for provision of relief to the flood affectees. In a statement issued on Monday,
Published 07 Dec, 2010 12:00am
LHC CJ hands over cheques to Punjab AG

LHC CJ hands over cheques to Punjab AG

Chief Justice Lahore High Court (LHC) here Monday handed cheques amounting to rupees five million to Advocate General of Punjab to deliver the same to President Lahore Bar Association, one for the bar and other for health care of the bar members.
Published 07 Dec, 2010 12:00am
Illegal imprisonment: Home secretary's reply sought by December 10

Illegal imprisonment: Home secretary's reply sought by December 10

Chief justice, Lahore High Court on Monday sought reply from home secretary by December 10 in a petition moved against keeping alleged terrorist Hijratullah in solitary confinement. The court passed this order on the petition filed by Zia Shahid Zaseer ad
Published 07 Dec, 2010 12:00am
The Weather

The Weather

The weather report on Monday (December 06, 2010) and the forecast for Tuesday (December 07, 2010).

Published 07 Dec, 2010 12:00am
Fish consumption significantly decreases in Punjab

Fish consumption significantly decreases in Punjab

Fish consumption is down by 60 percent in Punjab after Eid-ul-Azha as the financially hard-pressed people are still eating mutton/beef of sacrificial animals preserved in refrigerators and freezers since 17th November 2010.
Published 07 Dec, 2010 12:00am
Aasia Bibi case - adjourns hearing of petition till December 23

Aasia Bibi case - adjourns hearing of petition till December 23

Chief Justice Lahore High Court, Khawaja Muhammad Sharif adjourned till December 23 the hearing of a petition requesting that the government should be restrained from taking any action for pardoning of Christian blasphemy convict, Aasia Bibi, as the gover
Published 07 Dec, 2010 12:00am
Pir Makki blast: LHC issues notice to Hijratullah

Pir Makki blast: LHC issues notice to Hijratullah

A division bench of Lahore High Court here Monday issued notice to Hijratullah on an appeal filed by Punjab prosecution department for enhancement of imprisonment awarded to him by an anti-terrorism court in Pir Makki bomb blast case. The bench, which had
Published 07 Dec, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 07 Dec, 2010 12:00am
'Access to information fundamental right of all citizens'

'Access to information fundamental right of all citizens'

Access to information is the fundamental right of all citizens however, people are unaware of their rights of information through which government is also accountable. Freedom of information (FoI) and Right to Information (RTI) legislation are rules that
Published 07 Dec, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 07 Dec, 2010 12:00am
Stakeholders' consensus a must prior to imposition of RGST: LCCI

Stakeholders' consensus a must prior to imposition of RGST: LCCI

The Lahore Chamber of Commerce and Industry (LCCI) on Monday took a strong exception to the Chairperson National Assembly Standing Committee on Finance Fauzia Wahab for reluctantly and partially accepting the LCCI stance regarding inclusion of all the sta
Published 07 Dec, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 06, 2010).

Published 07 Dec, 2010 12:00am
President signs Sacked Employees Reinstatement Bill 2010 into law

President signs Sacked Employees Reinstatement Bill 2010 into law

President Asif Ali Zardari signed into law the Sacked Employees (Reinstatement) Bill 2010 during a special ceremony held here at Aiwan-e-Sadr on Monday. The signing ceremony was attended among others by federal ministers, members of parliament, federal se
Published 07 Dec, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 06, 2010).

Published 07 Dec, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 06, 2010).

Published 07 Dec, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (December 06, 2010) and for Tuesday (December 07, 2010)
Published 07 Dec, 2010 12:00am
Industrial sector: SNGPL announces new schedule for gas load management

Industrial sector: SNGPL announces new schedule for gas load management

Sui Northern Gas Pipelines Limited (SNGPL) has announced a new schedule for the gas load management for industrial sector according to which gas load shedding may increase to three days a week for three months of winter starting from December 1, 2010.
Published 07 Dec, 2010 12:00am
Sugarcane farmers hold protest rally

Sugarcane farmers hold protest rally

Sugarcane farmers held a protest rally against forcibly purchase of their crops at minimum rates by a sugar mill of Chiniot, which was owned by the Nawaz Sharif Family. The protestors carrying banners inscribed slogans against the Chief Minister Punjab, S
Published 07 Dec, 2010 12:00am
Railways Multan division faces shortage of diesel

Railways Multan division faces shortage of diesel

Pakistan Railways Multan division is again facing acute shortage of diesel. According to the sources, the reserves of diesel in Multan division have reached the dead level. At the moment the diesel of cargo trains is being supplied to passenger trains in
Published 07 Dec, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (December 06, 2010).

Published 07 Dec, 2010 12:00am
Mohmand Agency blast condemned

Mohmand Agency blast condemned

Jamaat-e-Islami (JI) Chief, Syed Munawwar Hasan and Secretary General, Liaquat Baloch, have condemned the bomb blast in Mohmand Agency and expressed deep grief over the loss of precious lives in the incident. The JI leaders expressed condolences with the
Published 07 Dec, 2010 12:00am
US Supreme Court to hear key global warming case

US Supreme Court to hear key global warming case

The Supreme Court said Monday it would consider a key global warming case over the right of US states to regulate carbon emissions as a "public nuisance." In a move that could significantly impact the US approach to fighting climate change, the top court
Published 07 Dec, 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 (December 06, 2010).

Published 07 Dec, 2010 12:00am
UN moves 460 staff out of Ivory Coast

UN moves 460 staff out of Ivory Coast

The United Nations on Monday ordered 460 non-essential staff out of Ivory Coast because of mounting tensions in the West African country between rivals for the presidency, a UN spokesman said. UN Secretary General Ban Ki-moon said he remains "deeply conce
Published 07 Dec, 2010 12:00am
India says Pakistan trial of Mumbai suspects a 'facade'

India says Pakistan trial of Mumbai suspects a 'facade'

India's home secretary says Pakistan's efforts to prosecute those behind the 2008 Mumbai attacks are a "facade" with Islamabad concerned that senior government officials might be implicated. In an interview published in the Wall Street Journal on Monday,
Published 07 Dec, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (December 06, 2010).

Published 07 Dec, 2010 12:00am
India says Pakistan trial of Mumbai suspects a 'facade'

India says Pakistan trial of Mumbai suspects a 'facade'

India's home secretary says Pakistan's efforts to prosecute those behind the 2008 Mumbai attacks are a "facade" with Islamabad concerned that senior government officials might be implicated. In an interview published in the Wall Street Journal on Monday,
Published 07 Dec, 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 (December 06, 2010).

Published 07 Dec, 2010 12:00am
Delay in EU concessions: top bureaucracy behind 'embarrassing situation'

Delay in EU concessions: top bureaucracy behind 'embarrassing situation'

The top bureaucracy at Prime Minister's Secretariat, Commerce Ministry and in Geneva is reportedly responsible for an 'embarrassing situation' that developed recently at the World Trade Organisation (WTO), and India and Bangladesh moved to block the Europ
Published 07 Dec, 2010 12:00am
Delay in EU concessions: top bureaucracy behind 'embarrassing situation'

Delay in EU concessions: top bureaucracy behind 'embarrassing situation'

The top bureaucracy at Prime Minister's Secretariat, Commerce Ministry and in Geneva is reportedly responsible for an 'embarrassing situation' that developed recently at the World Trade Organisation (WTO), and India and Bangladesh moved to block the Europ
Published 07 Dec, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (December 06, 2010).

Published 07 Dec, 2010 12:00am
Pakistan talks of al Qaeda having to leave region

Pakistan talks of al Qaeda having to leave region

With the war in Afghanistan dragging into its tenth year, Pakistan is increasingly talking up the need for a political settlement which would force al Qaeda to leave the region. And while there is little sign yet Washington is ready to hold serious negoti
Published 07 Dec, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (December 06, 2010).

Published 07 Dec, 2010 12:00am
IEA urges Opec to be flexible, supply ample

IEA urges Opec to be flexible, supply ample

The head of the International Energy Agency said on Monday that while the world has ample oil to meet demand, Opec has to remain "flexible" should conditions change. Oil ministers from members of the Organisation of the Petroleum Exporting Countries are t
Published 07 Dec, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (December 06, 2010).

Published 07 Dec, 2010 12:00am
Punjab Assembly wraps up discussion on law, order and price hike

Punjab Assembly wraps up discussion on law, order and price hike

The Punjab Food Minister's policy statement on controlling prices of food items was full of flattery remarks for the Khadim-e-Ala and nothing said on the issue, which gave an impression that the Punjab government is clueless on the vital issue that is aff
Published 07 Dec, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (December 06, 2010).

Published 07 Dec, 2010 12:00am
US SEC sees financial fraud cases increasing

US SEC sees financial fraud cases increasing

A top US Securities and Exchange Commission official said on Monday the number of fraud schemes is on the rise, taking billions of dollars from Americans, and warned investors to be more vigilant. The statement came as the Justice Department and SEC discl
Published 07 Dec, 2010 12:00am
Various sectors: Punjab chief minister, Korean envoy discuss cooperation

Various sectors: Punjab chief minister, Korean envoy discuss cooperation

Korean Ambassador in Pakistan Choongjoo Choi met Punjab Chief Minister Shahbaz Sharif on Monday and co-operation in various sectors as well as matters of mutual interests was discussed. Chairman Solid Waste Management Company Khawaja Ahmad Hasaan, Vice Ch
Published 07 Dec, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 27th November, 2010.

Published 07 Dec, 2010 12:00am
50 pro-government tribal elders killed in Ghalanai explosions

50 pro-government tribal elders killed in Ghalanai explosions

At least 50 people were killed and more than 60 others were injured in two blasts on Monday near the office of the Political Agent at Ghalanai, headquarters of the Mohmand Agency. According to reports reaching here from Ghalanai, hospital sources confirme
Published 07 Dec, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 27th November, 2010.

Published 07 Dec, 2010 12:00am
50 pro-government tribal elders killed in Ghalanai explosions

50 pro-government tribal elders killed in Ghalanai explosions

At least 50 people were killed and more than 60 others were injured in two blasts on Monday near the office of the Political Agent at Ghalanai, headquarters of the Mohmand Agency. According to reports reaching here from Ghalanai, hospital sources confirme
Published 07 Dec, 2010 12:00am
Venezuela moves flood-hit families into resort hotels

Venezuela moves flood-hit families into resort hotels

Venezuelan security forces have started housing families displaced by floods in tourist hotel rooms following an order by President Hugo Chavez to make use of vacant accommodation, local media said on Monday. Heavy rains have killed at least 32 people and
Published 07 Dec, 2010 12:00am
Europe rejects five-month paid maternity leave

Europe rejects five-month paid maternity leave

European Union governments on Monday rejected a hotly contested plan to offer new mothers five months of fully paid maternity leave. Social affairs ministers from the 27-nation bloc considered a European Parliament proposal to raise maternity leave from 1
Published 07 Dec, 2010 12:00am
Bullish sentiment on LSE

Bullish sentiment on LSE

Bullish sentiment dominated at Lahore Stock Exchange on Monday where banking sector led the rally and equities showed strength following fresh entries in potential shares. The LSE-25 index gained 35.44 points and closed at 3604.28 against 3568.84 of last
Published 07 Dec, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 06, 2010).

Published 07 Dec, 2010 12:00am
Bullish sentiment on LSE

Bullish sentiment on LSE

Bullish sentiment dominated at Lahore Stock Exchange on Monday where banking sector led the rally and equities showed strength following fresh entries in potential shares. The LSE-25 index gained 35.44 points and closed at 3604.28 against 3568.84 of last
Published 07 Dec, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 06, 2010).

Published 07 Dec, 2010 12:00am
ISE index gains 1.94 points

ISE index gains 1.94 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 01.94 points as the ISE Ten Index moved from 2,901.04
Published 07 Dec, 2010 12:00am
ISE index gains 1.94 points

ISE index gains 1.94 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 01.94 points as the ISE Ten Index moved from 2,901.04
Published 07 Dec, 2010 12:00am
Gilani arrives in Turkey

Gilani arrives in Turkey

Prime Minister, Syed Yusuf Raza Gilani arrived here Monday on a three-day official visit to hold talks with Turkish leadership and enhance bilateral ties in various areas including trade, defence and energy. The Prime Minister, during his stay to Ankara,
Published 07 Dec, 2010 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways on the currency market on Monday in process of trading, dealers said. The rupee recovered five paisa against dollar for buying and selling at 85.80 and at 85.85, they said. In the first Asian trade dollar recouped some ground los
Published 07 Dec, 2010 12:00am
Gilani arrives in Turkey

Gilani arrives in Turkey

Prime Minister, Syed Yusuf Raza Gilani arrived here Monday on a three-day official visit to hold talks with Turkish leadership and enhance bilateral ties in various areas including trade, defence and energy. The Prime Minister, during his stay to Ankara,
Published 07 Dec, 2010 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways on the currency market on Monday in process of trading, dealers said. The rupee recovered five paisa against dollar for buying and selling at 85.80 and at 85.85, they said. In the first Asian trade dollar recouped some ground los
Published 07 Dec, 2010 12:00am
'Hajj still a major security loophole'

'Hajj still a major security loophole'

"Hajj is still a major security loophole for the Saudis, since pilgrims often travel with large amount of cash and the Saudis cannot refuse them entry into Saudi Arabia," says a leaked memo on Saudi interior ministry's briefing on its anti-terror finance
Published 07 Dec, 2010 12:00am
'Hajj still a major security loophole'

'Hajj still a major security loophole'

"Hajj is still a major security loophole for the Saudis, since pilgrims often travel with large amount of cash and the Saudis cannot refuse them entry into Saudi Arabia," says a leaked memo on Saudi interior ministry's briefing on its anti-terror finance
Published 07 Dec, 2010 12:00am
US drone attack kills five militants

US drone attack kills five militants

Missiles fired from a US drone on a vehicle and a house killed five militants in tribal belt near the Afghan border on Monday, security officials said. The missile strike took place in Khysore village, 35 kilometres (20 miles) east of Miranshah, the main
Published 07 Dec, 2010 12:00am
US drone attack kills five militants

US drone attack kills five militants

Missiles fired from a US drone on a vehicle and a house killed five militants in tribal belt near the Afghan border on Monday, security officials said. The missile strike took place in Khysore village, 35 kilometres (20 miles) east of Miranshah, the main
Published 07 Dec, 2010 12:00am
ECC to allow TCP to import 2.3 million tons of urea

ECC to allow TCP to import 2.3 million tons of urea

The Economic Co-ordination Committee (ECC) is to allow import of 2.3 million tons of urea for Rabi season, through Trading Corporation of Pakistan (TCP) after local producers unambiguously conveyed to the government to bridge the shortfall thought import.
Published 07 Dec, 2010 12:00am
ECC to allow TCP to import 2.3 million tons of urea

ECC to allow TCP to import 2.3 million tons of urea

The Economic Co-ordination Committee (ECC) is to allow import of 2.3 million tons of urea for Rabi season, through Trading Corporation of Pakistan (TCP) after local producers unambiguously conveyed to the government to bridge the shortfall thought import.
Published 07 Dec, 2010 12:00am
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