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Print - 2010-12-21
New social contract: Mumtaz, Nawaz agree on formation of new alliance

New social contract: Mumtaz, Nawaz agree on formation of new alliance

Chairman Sindh National Front and former Sindh Chief Minister, Mumtaz Ali Bhutto in a meeting with PML-N Chief Nawaz Sharif at latter's Raiwind residence on Monday agreed on formation of new alliance on new social contract. Expressing grave concern over c
Published 21 Dec, 2010 12:00am
Supreme Court summons former MPA in fraud case

Supreme Court summons former MPA in fraud case

A full bench of the Supreme Court here Monday summoned former MPA Mian Shahbaz on alleged financial irregularities and fraud with a citizen Azeem Ullah Khan in Vince Housing Society. Bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Jawwa
Published 21 Dec, 2010 12:00am
'Poverty Targeting Survey': PPAF's training programme commences today

'Poverty Targeting Survey': PPAF's training programme commences today

Pakistan Poverty Alleviation Fund (PPAF) is initiating a 'training of trainers' programme for National Poverty Targeting Survey using the poverty scorecard tool developed by World Bank for Benazir Income Support Programme (BISP) in Dera Ghazi Khan distric
Published 21 Dec, 2010 12:00am
Tanneries shifted to industrial estate

Tanneries shifted to industrial estate

All the tanneries have been shifted to industrial estate area except a few mechanical tanneries which were equipped with 'partial treatment plants'. District officer environment Zafar Iqbal told APP on Monday that partial treatment plants treat waste befo
Published 21 Dec, 2010 12:00am
Shaheed Benazir, a 'symbol of democracy': Firdous

Shaheed Benazir, a 'symbol of democracy': Firdous

Federal Women Development Minister Dr Firdous Ashiq Awan has underscored the need of collective efforts all sections of the society for the stability and strengthening the democratic institutions in the country.
Published 21 Dec, 2010 12:00am
PML-Q's 14-point charge-sheet against chief minister Punjab

PML-Q's 14-point charge-sheet against chief minister Punjab

Pakistan Muslim League-Q (PML-Q) led by Chaudhary Shujaat Hussain and Chaudhry Pervez Elahi has issued a 14-point charge-sheet against Chief Minister Punjab Shahbaz Sharif. In party's 14-point, PML (Q) provincial information secretary has put following qu
Published 21 Dec, 2010 12:00am
BATA team visits flood affected Kot Addu

BATA team visits flood affected Kot Addu

A six-member delegation from BATA Pakistan - a prominent world leader in the industry of producing shoes - recently visited the flood affected Kot Addu district of Southern Punjab. The team actively participated in relief activities to help the flood vict
Published 21 Dec, 2010 12:00am
General McNabb meets Kayani

General McNabb meets Kayani

General Duncan McNabb, Commander United States Transportation Command (USTRANSCOM) called on Chief of the Army Staf, General Ashfaq Parvez Kayani here at General Headquarters on Monday. The visiting dignitary remained with General Kayani for sometime and
Published 21 Dec, 2010 12:00am
SBL opens a new branch in DHA

SBL opens a new branch in DHA

Samba Bank Limited (SBL) opened a new branch in DHA Karachi on Khayaban-e-Ittehad. The branch was inaugurated by Javed Iqbal, independent Director of SBL in the presence of Tawfiq A. Husain, President and CEO, and senior management of the Bank. Commenting
Published 21 Dec, 2010 12:00am
Cop commits suicide in IHK

Cop commits suicide in IHK

A trooper of Indian Central Reserve Police Force committed suicide by shooting himself with his service rifle in held Kashmir. The trooper, identified as Havaldar Oam Prakash, committed suicide by shooting himself at a camp in Veerinag area of the distric
Published 21 Dec, 2010 12:00am
AJK government evolves comprehensive industrial uplift plan

AJK government evolves comprehensive industrial uplift plan

A comprehensive and broad-based plan has been evolved by the AJK government soon for the speedy industrial progress of AJK, official sources said. At the first leg of the plan a high level committee, headed by the Chairman AJK Board of Investment, has alr
Published 21 Dec, 2010 12:00am
Chief justice of LHC Felicitated

Chief justice of LHC Felicitated

Vice-Chancellor Punjab University, Professor Dr Mujahid Kamran called on Chief Justice Lahore High Court Justice Ijaz Ahmed Chaudhry in his office on Monday and congratulated him on his appointment as Chief Justice of Lahore High Court. He was accompanied
Published 21 Dec, 2010 12:00am
MQM to hold public meeting in Bhitshah

MQM to hold public meeting in Bhitshah

Muttahida Qaumi Movement (MQM) will hold a public meeting in Bhitshah on December 25. This was announced by Minister of Health, Dr Sagheer Ahmed and Ashfaq Mangi in a press conference at MQM's Zonal Office, here on Sunday night. The MQM leader said their
Published 21 Dec, 2010 12:00am
SDPI seminar: Land reforms opposed

SDPI seminar: Land reforms opposed

Speaking at a Sustainable Development Policy Institute (SDPI) and International Development Research Centre (IRDC) seminar here, Deputy Chairman Planning Commission, Dr Nadeem ul Haq on Monday vehemently opposed land reforms saying it was an old floated t
Published 21 Dec, 2010 12:00am
Harvard Business School organises annual dinner

Harvard Business School organises annual dinner

The Harvard Business School Club of Pakistan held its annual dinner on 11th December at a local hotel here. The event was attended by over 70 alumni of the Harvard Business School and Harvard University. Shahid Kardar, Governor State Bank of Pakistan was
Published 21 Dec, 2010 12:00am
Naeem takes charge of Wateen Telecom as CEO

Naeem takes charge of Wateen Telecom as CEO

Naeem Zamindar has taken charge of Wateen Telecom as its CEO as per a press statement issued by the company. Zamindar brings an outstanding track record of building successful companies, spanning 20 years across USA and Pakistan. He is a founding team mem
Published 21 Dec, 2010 12:00am
Finland for good trade relations with Pakistan

Finland for good trade relations with Pakistan

Ambassador of Finland to Pakistan, Osmo Lipponen has said Finland is looking for good trade and cultural relations with Pakistan. Addressing members of Karachi Chamber of Commerce and Industry (KCCI), Osmo Lipponen said that although population of Pakista
Published 21 Dec, 2010 12:00am
Need to disseminate positive message stressed: Payam-e-Ummeed launched

Need to disseminate positive message stressed: Payam-e-Ummeed launched

The need to disseminate positive message and hope has become essential especially in the backdrop of current quagmire of despair which has besieged Pakistan, said the speakers at the launch ceremony of "Pyam-e-Ummeed" a CSR initiative of PharmEvo Pakistan
Published 21 Dec, 2010 12:00am
PQA dock workers demand unrestricted job opportunities

PQA dock workers demand unrestricted job opportunities

Dockers on Monday demanded unrestricted job opportunities both at Port Qasim berths and the newly built dry cargo terminal, as their basic right. "CBA union continues struggling to get the Port Qasim Authority [PQA] give the 1757 dockers right of job at t
Published 21 Dec, 2010 12:00am
Over 0.2 million pregnant women facilitated in flood-hit areas

Over 0.2 million pregnant women facilitated in flood-hit areas

Shaheed Benazir Bhutto Centres for Women (SBBCW) were converted into the "Flood relief centres" which facilitated over 0.2 million pregnant women in the recent flood-hit areas. Minister for Women Development Dr Firdous Ashiq Awan informed the Lower House
Published 21 Dec, 2010 12:00am
Six children die as school van plunges into ravine

Six children die as school van plunges into ravine

A school van plunged into a deep ravine in Batgram on Monday, killing six children and injuring another 21, officials said. The driver lost control and the vehicle verred off the road in the far-flung mountainous district of Batgram in Khyber Pakhtunkhwa
Published 21 Dec, 2010 12:00am
Karachi University students stage sit-in against postponement of exams

Karachi University students stage sit-in against postponement of exams

A large number of students on Monday staged sit-in at the administration block of Karachi University over the postponement of scheduled exams. The students gathered at the administration block of KU to express their resentment and chanted slogans against
Published 21 Dec, 2010 12:00am
Girl's molestation incident: President calls for inquiry report

Girl's molestation incident: President calls for inquiry report

President Asif Ali Zardari while taking notice of the reports of a girl's molestation in Karachi has called for a detailed inquiry into the incident by the concerned authorities and for submission of a report. The President strongly condemned the incident
Published 21 Dec, 2010 12:00am
Pakistan not seeking permanent membership of UNSC: Qureshi

Pakistan not seeking permanent membership of UNSC: Qureshi

Minister for Foreign Affairs Makhdoom Shah Mehmood Qureshi on Monday told the National Assembly that Pakistan is not seeking permanent membership of the UN Security Council (UNSC). In a written reply to the National Assembly the Minister said that Pakista
Published 21 Dec, 2010 12:00am
PML-N members' objections: registration (Amendment) Bill-2010 deferred

PML-N members' objections: registration (Amendment) Bill-2010 deferred

The Registration (Amendment) Bill, 2010 was deferred due to objections raised by the opposition members of Pakistan Muslim League-Nawaz (PML-N) in the National Assembly. Minister for Law, Justice and Parliamentary Affairs Dr Babar Awan moved the bill to f
Published 21 Dec, 2010 12:00am
Wapda, Harpo Hydropower Consultants sign agreement

Wapda, Harpo Hydropower Consultants sign agreement

A Rs 70.434 million agreement was signed between Pakistan Water & Power Development Authority (Wapda) and Harpo Hydropower Consultants - a joint venture of three Pakistani and a German firms - here at Wapda House on Monday for updating of feasibility stud
Published 21 Dec, 2010 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

This was extremely surprising for many that the coalition partner Muttahida Quami Movement (MQM) and Jumiat Ulema-e-Islam (JUI-F), who complaining of being treated unfriendly by the government, did not say a word against it on the opening day of the Natio
Published 21 Dec, 2010 12:00am
CIA recalls spy to escape trial

CIA recalls spy to escape trial

The US Administration recalled Jonathan Banks, the CIA chief stationed in Pakistan just to avert possible trial, creating controversy between the two important allies in war on terror. Every country deploys undercover people in other countries to safeguar
Published 21 Dec, 2010 12:00am
Father, son shot dead in Dera Bugti

Father, son shot dead in Dera Bugti

Unknown armed men gunned down two people due to unknown causes in Dera Bugti, on Monday. According to the local officials, the armed men shot dead Ali Murad along with his son Chhala Khan in Gopat area of Sui and fled from the scene. As a result, both of
Published 21 Dec, 2010 12:00am
LPG auto-gas stations to streamline supply

LPG auto-gas stations to streamline supply

The LPG auto-gas stations will streamline the supply of LPG, bring stability in its price and most importantly allow vehicles to be refuelled in a safe manner, a spokesman of the LPG Association of Pakistan said here on Monday. The spokesman said the auto
Published 21 Dec, 2010 12:00am
Tax Year 2010: FBR unveils draft of return form for companies

Tax Year 2010: FBR unveils draft of return form for companies

The Federal Board of Revenue has issued draft of the income tax return form for companies for Tax Year 2010 without any major change in the return of total income/statement of final taxation ie IT-1 form. The FBR has proposed amendment to the Income Tax R
Published 21 Dec, 2010 12:00am
Post-Haj flights operation completes today

Post-Haj flights operation completes today

The one-month post-Haj flights operation, which started on November 20 to bring back Pakistani pilgrims from Saudi Arabia, would complete on December 21. During this Haj, the Ministry of Religious Affairs had sent around 160,000 pilgrims to the Holy Land
Published 21 Dec, 2010 12:00am
SDC announces 11 new courses

SDC announces 11 new courses

Skill Development Council (SDC) has announced 11 new training courses for the current and next month. The training objectives are to develop skills, strong knowledge and grounds about sales, which are pivotal for adopting successful corporate sales profes
Published 21 Dec, 2010 12:00am
President to lead team to ECO summit

President to lead team to ECO summit

The 11th heads of state and government summit of Economic Co-operation Organisation (ECO) is being held in Istanbul on December 22 and 23. President Asif Ali Zardari will lead the Pakistan delegation to the summit.
Published 21 Dec, 2010 12:00am
The Weather

The Weather

The weather report on Monday (December 20, 2010)and the forecast for Tuesday (December 21, 2010).

Published 21 Dec, 2010 12:00am
Healthcare services: over 1,500 LHWs to get USAID's kits

Healthcare services: over 1,500 LHWs to get USAID's kits

More than 1,500 Lady Health Workers affected by floods in Punjab and Sindh will receive kits of basic equipment to assist them as they offer vital health care services to families in their communities. This donation is part of the United States' continuin
Published 21 Dec, 2010 12:00am
Settled tax related issues still not implemented

Settled tax related issues still not implemented

The key tax related issues settled between the All Pakistan CNG Association (APCNGA) and Federal Board of Revenue (FBR) have not been implemented despite passage of almost one year. Industry sources told Business Recorder here on Monday that the FB
Published 21 Dec, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 21 Dec, 2010 12:00am
Cold wave likely in Northern Areas

Cold wave likely in Northern Areas

Fresh cold wave is likely to affect upper parts of the country during the next 24 hours. Meteorological department on Monday has forecast mainly dry and cold weather in the country, while foggy conditions would prevail in Lahore, Gujranwala, Sargodha, Bah
Published 21 Dec, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 21 Dec, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
Food business license may be made compulsory in Punjab

Food business license may be made compulsory in Punjab

Punjab government is contemplating to make it compulsory for running any kind of food business to obtain a license under the proposed 'Punjab Food Safety and Standards Act, 2010. This is being thought out under the enforcement mechanism of the proposed 'P
Published 21 Dec, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
Two teenage girls kidnapped, raped

Two teenage girls kidnapped, raped

Two teenage girls were raped by unknown accused after they were kidnapped from the limits of Darakhshan police station late Sunday night. According to police sources, Sonia and Kiran Abdullah, who were on the way from a party to home located in Khayaban-e
Published 21 Dec, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (December 20, 2010)and for Tuesday (December 21, 2010).
Published 21 Dec, 2010 12:00am
Altaf phones Jamaat-i-Islami Amir

Altaf phones Jamaat-i-Islami Amir

The MQM chief, Altaf Hussain, rang up the Jamaat-i-Islami Amir, Syed Munawar Hasan, Monday evening and discussed with him the current situation in the country. According to the JI spokesperson, two leaders expressed deep concern over the prevailing situat
Published 21 Dec, 2010 12:00am
Munawwar condoles M A Zuberi's death

Munawwar condoles M A Zuberi's death

The Amir of Jamaat-i-Islami, Syed Munawwar Hassan visited the residence of the late M A Zuberi, founder editor of Business Recorder. A statement of Jamaat-i-Islami Karachi said on Monday that the JI chief condoled with the sons of the late M A Zube
Published 21 Dec, 2010 12:00am
India suspends exports of onions as prices surge

India suspends exports of onions as prices surge

India suspended exports of onions, a key food staple, on Monday after prices of the vegetable soared, adding to the government''s inflation woes. Prices of onions - commonly used to add flavour to Indian food - have surged in the past few days to up to 80
Published 21 Dec, 2010 12:00am
India suspends exports of onions as prices surge

India suspends exports of onions as prices surge

India suspended exports of onions, a key food staple, on Monday after prices of the vegetable soared, adding to the government's inflation woes. Prices of onions - commonly used to add flavour to Indian food - have surged in the past few days to up to 80
Published 21 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 20, 2010).

Published 21 Dec, 2010 12:00am
India suspends exports of onions as prices surge

India suspends exports of onions as prices surge

India suspended exports of onions, a key food staple, on Monday after prices of the vegetable soared, adding to the government's inflation woes. Prices of onions - commonly used to add flavour to Indian food - have surged in the past few days to up to 80
Published 21 Dec, 2010 12:00am
PCB seeks IT exemption revival

PCB seeks IT exemption revival

The Pakistan Cricket Board (PCB) has requested the Federal Board of Revenue (FBR) to restore income tax exemption, through an amendment in the Second Schedule of the Income Tax Ordinance 2001. In this connection, the Board has received a formal request fr
Published 21 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 20, 2010).

Published 21 Dec, 2010 12:00am
PCB seeks IT exemption revival

PCB seeks IT exemption revival

The Pakistan Cricket Board (PCB) has requested the Federal Board of Revenue (FBR) to restore income tax exemption, through an amendment in the Second Schedule of the Income Tax Ordinance 2001. In this connection, the Board has received a formal request fr
Published 21 Dec, 2010 12:00am
PCB seeks IT exemption revival

PCB seeks IT exemption revival

The Pakistan Cricket Board (PCB) has requested the Federal Board of Revenue (FBR) to restore income tax exemption, through an amendment in the Second Schedule of the Income Tax Ordinance 2001. In this connection, the Board has received a formal request fr
Published 21 Dec, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
JP Morgan buys new London Headquarters

JP Morgan buys new London Headquarters

J.P. Morgan has bought the former Lehman Brothers building for its investment bank, while keeping its options open on plans to erect a new skyscraper nearby as its European headquarters. The US bank bought the Lehman building at 25 Bank Street in London''
Published 21 Dec, 2010 12:00am
JP Morgan buys new London Headquarters

JP Morgan buys new London Headquarters

J.P. Morgan has bought the former Lehman Brothers building for its investment bank, while keeping its options open on plans to erect a new skyscraper nearby as its European headquarters. The US bank bought the Lehman building at 25 Bank Street in London's
Published 21 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 20, 2010).

Published 21 Dec, 2010 12:00am
JP Morgan buys new London Headquarters

JP Morgan buys new London Headquarters

J.P. Morgan has bought the former Lehman Brothers building for its investment bank, while keeping its options open on plans to erect a new skyscraper nearby as its European headquarters. The US bank bought the Lehman building at 25 Bank Street in London's
Published 21 Dec, 2010 12:00am
Indian Prime Minister offers to answer corruption allegations

Indian Prime Minister offers to answer corruption allegations

India's prime minister offered to come before parliament to discuss corruption accusations against his government, underlining the pressure his coalition faces on an issue that has virtually stalled governance in Asia's third-largest economy.
Published 21 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 20, 2010).

Published 21 Dec, 2010 12:00am
Indian Prime Minister offers to answer corruption allegations

Indian Prime Minister offers to answer corruption allegations

India's prime minister offered to come before parliament to discuss corruption accusations against his government, underlining the pressure his coalition faces on an issue that has virtually stalled governance in Asia's third-largest economy.
Published 21 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 20, 2010).

Published 21 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 20, 2010).

Published 21 Dec, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
India says Pakistan must drop 'terror' for friendly ties

India says Pakistan must drop 'terror' for friendly ties

India's Prime Minister Manmohan Singh said Monday that friendly ties with Pakistan can only come when Islamabad ensures its soil is not used for "terrorist" activities against Indian targets. "We want friendly relations with Pakistan. But we know this wil
Published 21 Dec, 2010 12:00am
India says Pakistan must drop 'terror' for friendly ties

India says Pakistan must drop 'terror' for friendly ties

India's Prime Minister Manmohan Singh said Monday that friendly ties with Pakistan can only come when Islamabad ensures its soil is not used for "terrorist" activities against Indian targets. "We want friendly relations with Pakistan. But we know this wil
Published 21 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 11TH DECEMBER, 2010.

Published 21 Dec, 2010 12:00am
Mitha likely to be country head of Deutsche Bank

Mitha likely to be country head of Deutsche Bank

The Head of Global Treasury HBL Faizan Mitha is likely to join Deutsche Bank as country head for Pakistan. Currently, Mitha is associated with Habib Bank Limited as SEVP and Group Executive. He is also the president of Financial Markets Association of Pak
Published 21 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 11TH DECEMBER, 2010.

Published 21 Dec, 2010 12:00am
Mitha likely to be country head of Deutsche Bank

Mitha likely to be country head of Deutsche Bank

The Head of Global Treasury HBL Faizan Mitha is likely to join Deutsche Bank as country head for Pakistan. Currently, Mitha is associated with Habib Bank Limited as SEVP and Group Executive. He is also the president of Financial Markets Association of Pak
Published 21 Dec, 2010 12:00am
Mitha likely to be country head of Deutsche Bank

Mitha likely to be country head of Deutsche Bank

The Head of Global Treasury HBL Faizan Mitha is likely to join Deutsche Bank as country head for Pakistan. Currently, Mitha is associated with Habib Bank Limited as SEVP and Group Executive. He is also the president of Financial Markets Association of Pak
Published 21 Dec, 2010 12:00am