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Print - 2010-12-11
Nikkei falls; turnover at 2010 high

Nikkei falls; turnover at 2010 high

Japan's Nikkei average fell 0.7 percent on Friday, as a higher-than-expected settlement for futures and options prices encouraged investors to take profits on a strong rally for the benchmark since the start of November. While sentiment for the Nikkei rem
Published 11 Dec, 2010 12:00am
Friday's midday trade: Wall Street gains

Friday's midday trade: Wall Street gains

US stocks rose on Friday following encouraging economic data on consumer sentiment and trade, while the S&P 500's break above key levels pointed to further gains. After rising above the key technical level around 1,228, the S&P 500 was trading just above
Published 11 Dec, 2010 12:00am
S&P at two-year high

S&P at two-year high

US stocks edged up on Thursday, with the benchmark S&P 500 closing at a two-year high, a trend investors expect to continue through the rest of the year. "A lot of traders thought the market would have a little bigger bump" after breaking a key technical
Published 11 Dec, 2010 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan stocks fell 0.4 percent on Friday as investors took profits from recent gains, while Asustek rose after it announced a plan to acquire an industrial PC maker and buy back some of its own shares. The main TAIEX share index closed down 35.01 points a
Published 11 Dec, 2010 12:00am
US 30-year bond sale met with solid demand

US 30-year bond sale met with solid demand

US Treasuries rose in price on Thursday, retracing a portion of a dramatic sell-off earlier this week, after an auction of 30-year bonds was met with strong demand. The sale of $13 billion of reopened 30-year bonds was done at a yield below the level trad
Published 11 Dec, 2010 12:00am
US 30-year bond sale met with solid demand

US 30-year bond sale met with solid demand

US Treasuries rose in price on Thursday, retracing a portion of a dramatic sell-off earlier this week, after an auction of 30-year bonds was met with strong demand. The sale of $13 billion of reopened 30-year bonds was done at a yield below the level trad
Published 11 Dec, 2010 12:00am
Southeast Asian stocks mostly down

Southeast Asian stocks mostly down

Most Southeast Asian stock markets closed lower on Friday on concerns over further policy tightening by China and persistent worries about Europe's debt crisis, but Indonesia and the Philippines continued to see significant inflows. Indonesia, the region'
Published 11 Dec, 2010 12:00am
Hong Kong and China shares end week lower

Hong Kong and China shares end week lower

Hong Kong and Shanghai shares ended the week mildly lower on Friday in thin volume as inflation data due over the weekend and talk of an interest rate increase in China sidelined investors. Concerns about further tightening in China have kept turnover mut
Published 11 Dec, 2010 12:00am
European stocks hit 26-month high

European stocks hit 26-month high

European shares edged up on Friday to end at their highest closing level since late September 2008, as upbeat US consumer sentiment data helped boost confidence over the prospects for economic recovery. Gains were kept in check, however, by fears about Ch
Published 11 Dec, 2010 12:00am
Australian shares flat

Australian shares flat

Australian stocks closed flat on Friday after investors dumped mining stocks as copper prices fell and bought into the big banks, although sentiment remained cautious ahead of key Chinese economic data. BHP Billiton closed flat after trading in negative t
Published 11 Dec, 2010 12:00am
Indian shares gain

Indian shares gain

Indian shares were trading higher on Friday after an early slide triggered bargain hunting, a day after the market had fallen 2.3 percent in its biggest drop in more than six months. Shares in energy major Reliance Industries led the gainers, while top le
Published 11 Dec, 2010 12:00am
FTSE slightly firmer

FTSE slightly firmer

Britain's top share index closed slightly higher on Friday, buoyed by firmer mining stocks with copper near record highs, and as encouraging US data bolstered investor sentiment. The FTSE 100 closed up 4.99 points, or 0.1 percent, at 5,812.95, in thin vol
Published 11 Dec, 2010 12:00am
EU bank supervisors agree bankers' bonus curbs

EU bank supervisors agree bankers' bonus curbs

European Union banking supervisors agreed on finalised mandatory guidelines for awarding bank bonuses on Friday, saying many could expect as little as 20 percent in cash although key requirements could be "neutralised" for less risky firms and staff.
Published 11 Dec, 2010 12:00am
Sony, Sharp launch rival tablet computers

Sony, Sharp launch rival tablet computers

Electronics majors Sony Corp and Sharp Corp on Friday launched rivalling tablet computer products for the Japanese home market in a bid to catch up to market leader Apple Inc's iPad. Sharp's Galapagos tablet allows users to read e-books and magazines, whi
Published 11 Dec, 2010 12:00am
EU, India resolve trade dispute over generic drugs

EU, India resolve trade dispute over generic drugs

The European Union and India resolved a dispute over generic drugs on Friday which should remove obstacles to Indian drugs manufacturers exporting products to the developing world, officials said. Indian Commerce and Industry Minister Anand Sharma told Re
Published 11 Dec, 2010 12:00am
Germany, France vow tighter policy coordination

Germany, France vow tighter policy coordination

Germany and France pledged on Friday to better align their tax and labour policies to foster convergence in the eurozone, but rejected calls for an increase in the bloc's rescue fund and joint sovereign bonds. Earlier on Friday, European central bankers h
Published 11 Dec, 2010 12:00am
Malaysia, South Korea to explore free-trade pact

Malaysia, South Korea to explore free-trade pact

Malaysia and South Korea agreed Friday to explore establishing a bilateral trade agreement, and aimed to double trade between the two countries in the next five years. Prime Minister Najib Razak said after talks with South Korean President Lee Myung-bak t
Published 11 Dec, 2010 12:00am
Ireland cuts minimum wage, Prime Minister's salary

Ireland cuts minimum wage, Prime Minister's salary

Ireland's minimum wage and the salary of Prime Minister Brian Cowen were amongst cuts voted through by parliament on Friday in an emergency law that forms part of the budget for the indebted eurozone state. The "financial emergency measures in the public
Published 11 Dec, 2010 12:00am
SEC extending 'circuit breakers' for four months

SEC extending 'circuit breakers' for four months

Federal regulators are extending, for four months, the curbs put in after the May 6 market plunge that briefly halt trading of some stocks that make big price swings. The Securities and Exchange Commission approved the request of major US exchanges to ext
Published 11 Dec, 2010 12:00am
China tightens rules to curb price rises

China tightens rules to curb price rises

China's cabinet has tightened rules to crack down on price manipulation and other violations, the official Xinhua news agency said on Friday. Under the revised rules announced by the State Council, firms and individuals found manipulating prices would be
Published 11 Dec, 2010 12:00am
China raises bank reserves third time in a month

China raises bank reserves third time in a month

China's central bank on Friday raised the amount of money the country's lenders must keep on reserve for the third time in a month, following a spate of robust data that strengthened the case for policy tightening. The latest step to raise the reserve req
Published 11 Dec, 2010 12:00am
Consumer sentiment, trade signal firmer US recovery

Consumer sentiment, trade signal firmer US recovery

"A rise in US consumer confidence to its highest level in six months and a much bigger-than-expected contraction in the country's trade deficit pointed to a firmer economic recovery on Friday. The boost in consumer confidence on the back of an improving j
Published 11 Dec, 2010 12:00am
IEA, Opec differ on need for more oil supply

IEA, Opec differ on need for more oil supply

Two of the world's most influential oil forecasters gave sharply different outlooks for 2011 on Friday, as the consumer's watchdog anticipated robust demand and producer group Opec said supply was plentiful. The Organisation's of the Petroleum Exporting C
Published 11 Dec, 2010 12:00am
Art students urged to do research on Sadequain

Art students urged to do research on Sadequain

Dr Salman Ahmad, Founder and President of Sadequain Foundation has urged the art students to do research on Sadequain who is a national treasure and whose work needs to be documented. He was delivering a lecture at the Punjab University College of Art & D
Published 11 Dec, 2010 12:00am
Bogus cheque case: LHC directs federal law secretary to submit report

Bogus cheque case: LHC directs federal law secretary to submit report

Lahore High Court (LHC) here on Friday directed the federal law secretary to submit detailed report till December 14 about an alleged bogus cheque of Rs 30 million which federal law minister Babar Awan had presented to District Bar Hafizabad.
Published 11 Dec, 2010 12:00am
Rangers, Police hold joint flag march

Rangers, Police hold joint flag march

Pakistan Rangers and Islamabad Police held a joint Flag March on the roads and streets of the federal capital giving a strong message to terrorists that they are not oblivious of the law and order situation in the capital during Muharram-ul-Haram. The Gov
Published 11 Dec, 2010 12:00am
Nawaz for small cities near Motorway

Nawaz for small cities near Motorway

Pakistan Muslim League-Nawaz chief Nawaz Sharif has lauded the project of Punjab government of providing shelter to the poor and asked for implementing the project expeditiously. He said this during a meeting here on Friday regarding the low-cost housing
Published 11 Dec, 2010 12:00am
PPP evolving consensus over RGST issue: Qaim

PPP evolving consensus over RGST issue: Qaim

The Chief Minister, Sindh Syed Qaim Ali Shah has said that they are expecting consensus with different political parties to settle the issue of Reformed General Sales Tax (RGST) and said that PPP is trying its best to table the bill in National Assembly w
Published 11 Dec, 2010 12:00am
LHC dismisses MPs' petitions

LHC dismisses MPs' petitions

A full bench of the Lahore High Court (LHC) here Friday dismissed scores of petitions filed by parliamentarians calling in question legality of local commissions appointed by Election Tribunals for recording statements of the parties in eligibility matter
Published 11 Dec, 2010 12:00am
Loadshedding of gas irks domestic consumers

Loadshedding of gas irks domestic consumers

People belonging to different walks of life, including women folk, have strongly condemned government for negating its commitment that domestic consumers would be exempted from load-shedding of Sui gas. Load-shedding of Sui gas is multiplying miseries of
Published 11 Dec, 2010 12:00am
Khyber-Pakhtunkhwa security plan for Muharram

Khyber-Pakhtunkhwa security plan for Muharram

Chief Minister Khyber-Pakhtunkhwa Amir Haider Khan Hoti has said that KP government has decided to embark upon a security plan for averting any possible acts of terrorism.
Published 11 Dec, 2010 12:00am
New Etihad lounge brings business to Manchester

New Etihad lounge brings business to Manchester

Etihad Airways, the national airline of the United Arab Emirates, has opened the doors of its latest premium lounge in Manchester Airport's Terminal 1, as part of the airline's continued commitment to the UK market. Etihad Pearl Business class guests were
Published 11 Dec, 2010 12:00am
Thousands of 'Red Shirts' protest in Bangkok

Thousands of 'Red Shirts' protest in Bangkok

Thousands of anti-government protesters took to the streets of Bangkok on Friday demanding the release of their leaders, who were jailed following mass opposition demonstrations earlier this year. Police Major General Wichai Sangparpai estimated that more
Published 11 Dec, 2010 12:00am
US general Petraeus 'most fascinating person' of 2010

US general Petraeus 'most fascinating person' of 2010

General David Petraeus, the top US military commander in Afghanistan, has been named the "most fascinating person of 2010", beating the cast of MTV reality show "The Jersey Shore" and teen singer Justin Bieber. Veteran journalist Barbara Walters called Pe
Published 11 Dec, 2010 12:00am
Gates sees support for Iran sanctions

Gates sees support for Iran sanctions

Iran's neighbours are clearly concerned about Tehran's "aggressive behaviour" and support international sanctions aimed at curbing its nuclear ambitions, US Defence Secretary Robert Gates said on Friday after a week of travel that included stops in two Gu
Published 11 Dec, 2010 12:00am
Apologising to Turks for raid is legal risk: Israel

Apologising to Turks for raid is legal risk: Israel

Israel should not apologise to Turkey for killing nine of its citizens aboard an aid ship that tried to breach the Gaza blockade, as this would invite international lawsuits, an Israeli official said on Friday. Speaking after the former allies sent envoys
Published 11 Dec, 2010 12:00am
Nobel laureates receive prizes at Stockholm ceremony

Nobel laureates receive prizes at Stockholm ceremony

The 2010 Nobel laureates in literature, economics, physics and chemistry received their prizes Friday from Swedish King Carl XVI Gustaf at a gala ceremony in Stockholm followed by the traditional Nobel banquet. This year's medicine laureate Robert Edwards
Published 11 Dec, 2010 12:00am
Former Croatian Prime Minister arrested in Austria

Former Croatian Prime Minister arrested in Austria

Former Croatian Prime Minister Ivo Sanader, wanted in connection with an anti-corruption investigation, was arrested on a highway in Austria on Friday, the Austrian federal crime office said. Sanader left Croatia on Thursday shortly before parliament lift
Published 11 Dec, 2010 12:00am
Court orders Air India to rehire overweight air hostess

Court orders Air India to rehire overweight air hostess

An Indian court ordered state-run Air India on Friday to rehire an airline hostess that the carrier had sacked nearly a decade ago for being overweight. Dismissed overweight women have previously unsuccessfully challenged Air India's policy in Indian cour
Published 11 Dec, 2010 12:00am
Senate blocks repeal of military gay ban

Senate blocks repeal of military gay ban

The US Senate dealt a potentially deadly blow Thursday to efforts to repeal a ban on gays serving openly in the US military, in another setback to a "deeply disappointed" President Barack Obama. Lawmakers voted 57-40 - three votes short of the 60 needed -
Published 11 Dec, 2010 12:00am
WikiLeaks servers safe in Stockholm nuclear bunker

WikiLeaks servers safe in Stockholm nuclear bunker

On a main street in one of Stockholm's hippest areas, a snow-covered hill topped by a church conceals a nuclear-proof bunker, home to a futuristic data centre holding 8,000 servers - two of which belong to WikiLeaks. "All the global fuss is made by these
Published 11 Dec, 2010 12:00am
Geithner admitted to DC hospital

Geithner admitted to DC hospital

US Treasury Secretary Timothy Geithner was admitted to a Washington D.C. hospital Friday morning to undergo "a minor surgical procedure" to treat a kidney stone, his spokesman said on Friday. Geithner is expected to remain overnight at the George Washingt
Published 11 Dec, 2010 12:00am
US envoy Holbrooke taken to hospital

US envoy Holbrooke taken to hospital

Richard Holbrooke, the US special envoy for Afghanistan and Pakistan, was taken to the hospital Friday after feeling ill at work, the State Department said. "The ambassador is at the hospital at the present time. Beyond that we will let you know as we fin
Published 11 Dec, 2010 12:00am
10,000 Jews, Arabs in Tel Aviv human rights march

10,000 Jews, Arabs in Tel Aviv human rights march

Around 10,000 Jews and Arabs demonstrated in Tel Aviv on Friday in protest at a rising tide of extremist sentiment in Israel that they warn is posing a growing threat to democracy in the country. The march, which organisers said included almost 1,000 refu
Published 11 Dec, 2010 12:00am
Two killed in explosion at US chemical plant

Two killed in explosion at US chemical plant

An explosion rocked a small chemical plant in West Virginia's northern panhandle, killing two workers and injuring another, the plant's office manager said Thursday. Theresa D'Aurora, the office manager at the plant owned by AL Solutions Inc, confirmed th
Published 11 Dec, 2010 12:00am
Saudi media fall for Obama Muslim joke

Saudi media fall for Obama Muslim joke

When a US satirist joked that President Barack Obama will admit to Congress that he is Muslim in his latest compromise with Republicans, Saudi media took it seriously. On Friday the online version of Al-Hayat newspaper and the prominent news website Sabq.
Published 11 Dec, 2010 12:00am
New York cotton settles higher

New York cotton settles higher

US cotton futures closed higher on Friday on investor buying in moderate trade, with analysts saying a government crop report underlined tight supplies in the market. The benchmark March cotton contract on ICE Futures US rose 1.02 cents to finish at $1.36
Published 11 Dec, 2010 12:00am
US copper slips

US copper slips

Copper fell from a record high reached earlier on Thursday, as the dollar gained on the euro and investors decided to grab profits ahead of the launch of a new copper-backed exchange-traded fund, especially with year end approaching. In New York, copper f
Published 11 Dec, 2010 12:00am
Shanghai copper soars

Shanghai copper soars

London copper futures rallied back above $9,000 a tonne on Friday and Shanghai metal reversed a 1 percent loss after a near-30 percent surge in Chinese copper imports last month caught the market by surprise. China's imports of copper rose 28.5 percent to
Published 11 Dec, 2010 12:00am
Copper near record high

Copper near record high

Copper rose near record highs on Friday on concerns about tight supplies and after strong Chinese import data boosted the demand outlook, but the metal pared gains as a rising dollar deterred non-US buyers. Investors fretting about China's monetary policy
Published 11 Dec, 2010 12:00am
Oil declines

Oil declines

Oil fell on Friday in volatile trading as worries about China's moves to cool inflation and technical selling helped reverse crude from an earlier peak reached on news of surging Chinese imports. The dollar and euro seesawed, with the greenback's intraday
Published 11 Dec, 2010 12:00am
Tokyo rubber futures match 30-year peak

Tokyo rubber futures match 30-year peak

Tokyo rubber futures matched a 30-year high on Friday on tight physical supply but dealers avoided aggressive buying ahead of important economic data from top consumer China at the weekend, which could set the tone for the market. China's consumer inflati
Published 11 Dec, 2010 12:00am
Malaysian palm oil slips

Malaysian palm oil slips

Malaysian crude palm oil fell on Friday on a larger than expected drop in overseas demand although concerns that heavier rains will slash output kept the market on course for a second weekly gain. Exports of palm oil fell sharply in the first ten days of
Published 11 Dec, 2010 12:00am
New York cocoa dips

New York cocoa dips

Cocoa futures dipped to close lower on Thursday, as dealers locked in gains from this week's four-month highs while attention remained on potential supply risks due to a political impasse in top grower Ivory Coast. Sugar futures closed the day lower, pres
Published 11 Dec, 2010 12:00am
US soyabeans lower

US soyabeans lower

Soyabean futures on the Chicago Board of Trade fell more than 1 percent on Thursday on technical selling and rumours that China might defer some shipments of US soyabeans, traders said. Also bearish, Brazilian government agency Conab revised its 2010/11 s
Published 11 Dec, 2010 12:00am
Liffe cocoa lower

Liffe cocoa lower

Liffe March cocoa ended 93 pounds lower at 1,899 pounds a tonne on Friday. Prices fell back with a rally linked to supply risk in Ivory Coast following a disputed election seen overdone with ports still open and the flow of cocoa picking up. Liffe March r
Published 11 Dec, 2010 12:00am
US gold rises

US gold rises

US gold futures ended higher on Thursday, as US Treasury bond prices rose and the dollar fell against the yen. COMEX February gold futures rose $9.60 to settle at $1,392.80 an ounce on the COMEX division of the NYMEX. Ranged between $1,381.10 and $1,395.6
Published 11 Dec, 2010 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold held steady on Friday in choppy trade, as a dollar rally took a breather, and uncertainty over Europe's fiscal health continued to attract investors to bullion. Spot gold edged up 0.3 percent to $1,391.51 an ounce by 0706 GMT, heading for a 1.6 perce
Published 11 Dec, 2010 12:00am
Gold dips in Europe

Gold dips in Europe

Gold fell one percent on Friday after China raised bank reserve requirements and US data showed improvement in the world's top economy, which boosted the dollar and dulled the allure of precious metals. Spot gold was at $1,375.29 an ounce at 1527 GMT, fro
Published 11 Dec, 2010 12:00am
US MIDDAY: cocoa stays lower

US MIDDAY: cocoa stays lower

Cocoa extended losses on Friday after US data showed its trade deficit narrowed much more than expected and caused the dollar to rise, and as fears over supplies from Ivory Coast eased despite a disputed election. Sugar and arabica coffee futures reversed
Published 11 Dec, 2010 12:00am
US MIDDAY: wheat, corn and soya down

US MIDDAY: wheat, corn and soya down

Wheat, corn and soyabean futures on the Chicago Board of Trade fell Friday after the US Agriculture Department raised its estimates of US wheat and corn ending stocks in a monthly report. USDA cut its estimate of US 2010/11 soyabean stocks but was not as
Published 11 Dec, 2010 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold fell early on Friday after China raised bank reserve requirements and investors took profits in bullion US data showing rising consumer confidence and a shrinking trade gap. For the week, bullion fell more than 2 percent, its biggest weekly decline i
Published 11 Dec, 2010 12:00am
CEED traces 116 disappeared persons

CEED traces 116 disappeared persons

The Commission of Enquiry on Enforced Disappearances (CEED) traced 116 disappeared persons out of total 225 during the last eight months. The commission has deleted 86 cases of disappeared people, as it could not found their cases of 'enforced disappearan
Published 11 Dec, 2010 12:00am
Political wranglings on non-issues hampering passage of DVB

Political wranglings on non-issues hampering passage of DVB

Parliamentary procedures and political wrangling on non-issues in the parliament as well as the priorities of government are hampering the passage of Domestic Violence Bill (DVB). These views were expressed by speakers at a seminar "Facets of Violence, Co
Published 11 Dec, 2010 12:00am
Security arrangements for joint sitting of Parliament reviewed

Security arrangements for joint sitting of Parliament reviewed

Federal Minister for Interior Rehman Malik on Friday gave comprehensive briefing to a high level meeting presided over by Speaker National Assembly Dr Fehmida about the security arrangements made for forthcoming joint session of the Parliament to be addre
Published 11 Dec, 2010 12:00am
Over 70 percent of food stuff in markets adulterated: report

Over 70 percent of food stuff in markets adulterated: report

Over 70 percent of food stuff in the markets round the country is adulterated, of which 52 percent is contaminated mineral water, said a report presented in the NA Standing Committee on Human Rights on Friday. The NA committee met here in Parliament House
Published 11 Dec, 2010 12:00am
Plot allotted at throwaway price: CJP takes suo motu notice

Plot allotted at throwaway price: CJP takes suo motu notice

The Supreme Court on Friday took suo-moto notice on allotment of a plot in Diplomatic Enclave to Hamid Yar Hiraj of PML-Q at throwaway price in 2007, allegedly violating laid down rules/ regulations. Chief Justice, Iftikhar Muhammad Chaudhry issued notice
Published 11 Dec, 2010 12:00am
Finance Amendment, GST bills: PML-Q's role becomes increasingly crucial

Finance Amendment, GST bills: PML-Q's role becomes increasingly crucial

The government is considering to present the controversial General Sales Tax (GST) Bill 2010 as well as Finance Amendment Bill 2010 for approval in the National Assembly during its upcoming session starting from December 20. Informed sources told Busin
Published 11 Dec, 2010 12:00am
Conference on 'Innovation, Entrepreneurship' held

Conference on 'Innovation, Entrepreneurship' held

An international conference on "Innovation & Entrepreneurship - "Route to Economic Development" was hosted by the Centre of Innovation and Entrepreneurship at the National University of Sciences and Technology (NUST) Central H-12 Campus here in Islamabad.
Published 11 Dec, 2010 12:00am
Increase in crime rate

Increase in crime rate

The increase in crime rate is a major source of insecurity and fear today. It is a matter of utmost concern that the crime rate has shown an increase up to fifteen percent in a few months in Lahore. The situation is alarming as it is affecting all spheres
Published 11 Dec, 2010 12:00am
High hopes, hard realities for India's $35 computer

High hopes, hard realities for India's $35 computer

The Indian government won headlines around the world when it unveiled a prototype 35-dollar tablet computer in July, but questions are now growing over whether the project is just a pipe dream. At the computer's launch, Human Resource Development Minister
Published 11 Dec, 2010 12:00am
Challenges facing Islamic banking

Challenges facing Islamic banking

The emergence and growth of the Islamic finance industry is a phenomenon that has generated considerable interest in the financial world in recent years. Given its ability to offer innovative financial solutions to an under-served market, it is seen as a
Published 11 Dec, 2010 12:00am
Politics of development

Politics of development

The political system can be a source of excellent governance where the entire nation is homogenous and where the literacy rate is high. I am not talking of the educated for somehow the educational system is perverted inasmuch as it provides limiting facto
Published 11 Dec, 2010 12:00am
Assange's arrest

Assange's arrest

The arrest of the WikiLeaks' founder-editor Julian Assange in London shows the limits to which Western societies are willing, actually unwilling, to allow freedom of expression.
Published 11 Dec, 2010 12:00am
Lifting of ban on wheat export

Lifting of ban on wheat export

The ban on wheat export and its by-products, which was imposed in 2007 following wheat crisis in the country, was finally lifted by the government when a summary moved by the Ministry of Food and Agriculture was approved by the Economic Co-ordination Comm
Published 11 Dec, 2010 12:00am
Arshad acting president of LCCI

Arshad acting president of LCCI

The LCCI Senior Vice-President Sheikh Muhammad Arshad will perform as the acting President of the Lahore Chamber of Commerce & Industry (LCCI) in the absence of the LCCI President Shahzad Ali Malik, who has left for Dubai to attend Punjab Investment Confe
Published 11 Dec, 2010 12:00am
'Progress of any society depends upon dispensation of justice'

'Progress of any society depends upon dispensation of justice'

The progress of any society depends largely upon just distribution of gains, education and health facilities, dispensation of justice and human rights assurances. This was observed by Provincial Minister Shazia Marri while addressing at the launching cere
Published 11 Dec, 2010 12:00am
Pakistan-Oman Microfinance Bank receives CGAP's Silver category award

Pakistan-Oman Microfinance Bank receives CGAP's Silver category award

Pak Oman Microfinance Bank Limited, a venture mainly sponsored by the government of brotherly country of Sultanate of Oman to help alleviate poverty in Pakistan and promoting social welfare and economic justice through community building and social mobili
Published 11 Dec, 2010 12:00am
TAAP rejects RGST

TAAP rejects RGST

Over 170 countries are paying Regressive General Sales Tax (RGST) but at the same time have introduced measures for proper checks and balances and have documented the economy, which unfortunately is not the case in Pakistan. Chairman, Travel Agents Associ
Published 11 Dec, 2010 12:00am
Oil consumption declines by six percent in local market

Oil consumption declines by six percent in local market

Oil consumption in the local market has declined by six percent on year-on-year basis in November 2010 as compared to the same period last year. On month-on-month basis, it declined by 19 percent in November 2010 than the previous month. "The decline in o
Published 11 Dec, 2010 12:00am
RTO lodges complaint against chief minister Sindh's advisor

RTO lodges complaint against chief minister Sindh's advisor

Shah Bano, Additional Collector of Karachi Regional Tax Office (RTO) on Friday lodged a complaint against the chief minister's advisor Jhangir Khanji at Darakhshan police station over harassment. Police sources told Business Recorder on Friday that
Published 11 Dec, 2010 12:00am
Balochistan Assembly passes criminal procedure code bill

Balochistan Assembly passes criminal procedure code bill

The legislators of Balochistan Assembly, during its session on Friday, passed an amended criminal procedure code bill and two resolutions on CSS issue and attacks on governor and chief minister of Balochistan respectively.
Published 11 Dec, 2010 12:00am
Karachi University postpones exams

Karachi University postpones exams

The University of Karachi has postponed all the examinations scheduled for December 11 (today). This was announced by the Registrar of the University, Professor Kalim Raza Khan, on Friday evening. The new dates for these postponed papers would be notified
Published 11 Dec, 2010 12:00am
'KATS TWS new version ready to be deployed in members' houses'

'KATS TWS new version ready to be deployed in members' houses'

The management of Karachi Stock Exchange (KSE) has announced that the new version of KATS TWS is ready to be deployed in member houses. The management has requested the members to keep their offices open till 10:00pm for IT staff to complete the necessary
Published 11 Dec, 2010 12:00am
Ufone Bachat Offer: most inexpensive package in country

Ufone Bachat Offer: most inexpensive package in country

Ufone, one of the leading telecom operators in the country, has once again taken the industry by storm. Ufone has come forward to offer the lowest call rate for a 20-second pulse package in the history of Pakistan. The recently launched 'Bachat Offer' all
Published 11 Dec, 2010 12:00am
Convocation of Indus Valley School today

Convocation of Indus Valley School today

The 17th Convocation of the Indus Valley School of Art and Architecture will take place on December 11, at 10:00 am at the IVS Campus. Samina Raees Khan, the Executive Director, will present the welcome address and the annual report, while Zia Mohyeddin,
Published 11 Dec, 2010 12:00am
Commercialisation main hurdle in organs' donation: Adib

Commercialisation main hurdle in organs' donation: Adib

Chairperson, Sindh Institute of Urology and Transplantation (SIUT), Dr Adib Rizvi on Friday termed commercialisation as main hurdle in organs' donation in Pakistan. He was speaking at a public awareness symposium held on the topic of 'Liver Cancer' at SIU
Published 11 Dec, 2010 12:00am
Anwar elected Chairperson of Global Board of MSPA

Anwar elected Chairperson of Global Board of MSPA

Aftab Anwar CEO Startex Marketing Services the pioneer Mystery Shopping Company in Pakistan was elected as the Chairperson of the Global Board of Mystery Shopping Providers Association (MSPA), which met in Bali in November 2010. MSPA is the only trade bod
Published 11 Dec, 2010 12:00am
Mubarak Mand to be consulted on Reko Diq project: Raisani

Mubarak Mand to be consulted on Reko Diq project: Raisani

Atomic scientist Dr Samar Mubarak Mand will be consulted to launch practical mining and refining work on Rekodiq project, said Chief Minister Balochistan, Nawab Muhammad Aslam Raisani. Talking to media at Balochistan Assembly here on Friday, Raisani haile
Published 11 Dec, 2010 12:00am
Refineries' capacity utilisation rises to 69 percent

Refineries' capacity utilisation rises to 69 percent

The country's refinery capacity utilisation increased to 69 percent in November 2010 as compared to average utilisation of 63 percent in the first five months of FY11. "The production ramp-up from Parco has pulled up country's refinery capacity utilisatio
Published 11 Dec, 2010 12:00am
LHC issues contempt notice to Secretary Health Punjab

LHC issues contempt notice to Secretary Health Punjab

The Lahore High Court (LHC) here on Friday issued a contempt notice to secretary health Punjab Fawad Hassan Fawad for his failure to file reply to a petition of a doctor to whom he had issued show cause notice for doing private practice. Dr Asghar Ali reg
Published 11 Dec, 2010 12:00am
FBR praised for setting up Customs Post Clearance Audit Directorate

FBR praised for setting up Customs Post Clearance Audit Directorate

Speakers at a seminar have lauded the efforts of Federal Board of Revenue (FBR) for setting up Customs Post Clearance Audit Directorate and said this move will not only facilitate the importers in clearance matters but also reduce shipment release time. T
Published 11 Dec, 2010 12:00am
Two PML-Q legislators meet Nawaz

Two PML-Q legislators meet Nawaz

Two legislators of Pakistan Muslim League-Q on Friday called on Pakistan Muslim League-Nawaz Chief Nawaz Sharif and paid tributes to him for following the politics based on principles. PML-Q Senator, Syed Javed Ali Shah accompanied by PML-Q MNA, Pir Mian
Published 11 Dec, 2010 12:00am
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