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Print - 2010-12-27
Wall Street Weekahead: Santa Claus rally continues but what next?

Wall Street Weekahead: Santa Claus rally continues but what next?

Wall Street will see the year-end rally carry into the last week of 2010 but the question on everyone's mind is, "what's next?" The Dow, the S&P and the Nasdaq on Thursday were up more than 5 percent on the month and the level of optimism in the market wa
Published 27 Dec, 2010 12:00am
Mini spikes name of the game for 2011 equity hedges

Mini spikes name of the game for 2011 equity hedges

Hedging equity positions should be cheaper next year as markets become less volatile, although macroeconomic aftershocks will underpin demand for protection. While market volatility this year - and therefore hedging costs - have lessened from a pre-Greek
Published 27 Dec, 2010 12:00am
Mini spikes name of the game for 2011 equity hedges

Mini spikes name of the game for 2011 equity hedges

Hedging equity positions should be cheaper next year as markets become less volatile, although macroeconomic aftershocks will underpin demand for protection. While market volatility this year - and therefore hedging costs - have lessened from a pre-Greek
Published 27 Dec, 2010 12:00am
Strong franc tests Swiss nerves and rude economic health

Strong franc tests Swiss nerves and rude economic health

Switzerland's strong currency is a boon for travelling Swiss bargain hunters or those surfing online shops abroad while its healthy economic indicators would be the envy of debt-plagued major economies.
Published 27 Dec, 2010 12:00am
London Stock Exchange headed for upbeat finish

London Stock Exchange headed for upbeat finish

The London stock market is poised to finish the year in fine shape, after breaking through the 6,000-point threshold on Friday, but analysts warn that rougher sledding can be expected in 2011. The FTSE 100 index ended the week at 6,008.92 points, a 2.34 p
Published 27 Dec, 2010 12:00am
Emerging markets guru Mobius struggles outside Asia

Emerging markets guru Mobius struggles outside Asia

Templeton emerging markets funds investing beyond Asia have failed to match the strong returns of its flagship Asian product, putting pressure on star manager Mark Mobius to turn the tide or risk eroding his reputation among investors in markets such as R
Published 27 Dec, 2010 12:00am
Emerging markets guru Mobius struggles outside Asia

Emerging markets guru Mobius struggles outside Asia

Templeton emerging markets funds investing beyond Asia have failed to match the strong returns of its flagship Asian product, putting pressure on star manager Mark Mobius to turn the tide or risk eroding his reputation among investors in markets such as R
Published 27 Dec, 2010 12:00am
China to help watch stocks tick higher in 2011

China to help watch stocks tick higher in 2011

Swiss watchmaker stocks will be a key investment for those seeking to ride the roaring Chinese consumer boom expected in 2011 and shelter from prevailing economic headwinds in the West. High exposure to China should allow Swatch Group and Richemont shares
Published 27 Dec, 2010 12:00am
JGB futures softer, volume lowest in a year

JGB futures softer, volume lowest in a year

Japanese government bond futures edged lower on Friday as investors unwound buy positions reflecting falls in US Treasury prices, but activity was thin with daily turnover dipping to the lowest in about a year.
Published 27 Dec, 2010 12:00am
JGB futures softer, volume lowest in a year

JGB futures softer, volume lowest in a year

Japanese government bond futures edged lower on Friday as investors unwound buy positions reflecting falls in US Treasury prices, but activity was thin with daily turnover dipping to the lowest in about a year.
Published 27 Dec, 2010 12:00am
Japanese shares to stay within range

Japanese shares to stay within range

Japanese shares are likely to stay within a tight range in the final trading week of 2010 with many players sitting it out for the holiday season, analysts said Friday. "With the US and European markets taking breaks and trading thinning as the year-end a
Published 27 Dec, 2010 12:00am
Assange says signed £1.1 million in book deals

Assange says signed £1.1 million in book deals

WikiLeaks chief Julian Assange said in an interview published Sunday he had signed deals for his autobiography worth more than one million pounds (1.2 million euros, 1.5 million dollars). Assange told Britain's Sunday Times newspaper that the money would
Published 27 Dec, 2010 12:00am
US DEA reach goes beyond narcotics: cables

US DEA reach goes beyond narcotics: cables

The US Drug Enforcement Administration has grown into a global intelligence organisation whose reach extends far beyond international drug trafficking, according to new US government cables.
Published 27 Dec, 2010 12:00am
Clashes in Nigerian city after deadly Christmas bombings

Clashes in Nigerian city after deadly Christmas bombings

Clashes left at least one person dead and a number of houses burned in the Nigerian city of Jos on Sunday amid tensions following a series of Christmas Eve bomb attacks that killed dozens. Soldiers patrolled the streets of the central Nigerian city and au
Published 27 Dec, 2010 12:00am
Militants killed as violence surges on Gaza border

Militants killed as violence surges on Gaza border

Israel and Palestinian militants traded threats on Sunday after two Islamic Jihad fighters were killed in fresh skirmishes along the tense Gaza Strip border. The escalation of violence came on the eve of the second anniversary of Israel's devastating "Ope
Published 27 Dec, 2010 12:00am
Israel not to apologise to Turkey over Gaza aid convoy raid

Israel not to apologise to Turkey over Gaza aid convoy raid

Israeli Foreign Minister Avigdor Lieberman vowed on Sunday that Israel would not apologise to Turkey for a commando raid on a Gaza-bound aid ship that killed nine Turkish activists. Speaking in Jerusalem at a meeting of Israel's ambassadors, Lieberman sai
Published 27 Dec, 2010 12:00am
Gaza aid ferry receives hero's welcome in Turkey

Gaza aid ferry receives hero's welcome in Turkey

A Turkish ferry which was the target of a deadly raid by Israeli commandos when it tried to deliver aid to Gaza received a rapturous welcome from thousands on Sunday as it arrived back in Istanbul. Crowds waving Turkish and Palestinian flags lined the qua
Published 27 Dec, 2010 12:00am
Eight Americans killed in Egypt bus crash

Eight Americans killed in Egypt bus crash

Eight American tourists were killed and 21 injured on Sunday when their bus collided with a truck near the southern Egyptian city of Aswan, police and the official MENA news agency said. The bus, which was carrying 37 tourists from the United States, was
Published 27 Dec, 2010 12:00am
Just as Europe thaws, US freezes

Just as Europe thaws, US freezes

A massive snow storm forced hundreds of flight cancellations at US airports Sunday, creating travel misery for thousands of Christmas travellers just as conditions in Europe began to ease.
Published 27 Dec, 2010 12:00am
Security focus on soft terror targets: US official

Security focus on soft terror targets: US official

The United States is stepping up security at "soft targets" like hotels and shopping malls, as well as trains and ports, as it counters the evolving al Qaeda threat, a top official said Sunday.
Published 27 Dec, 2010 12:00am
Playboy's Hefner proposes to 24-year-old Playmate

Playboy's Hefner proposes to 24-year-old Playmate

In a Christmas message on Twitter, 84-year-old Playboy tycoon Hugh Hefner said Sunday he had proposed to girlfriend Crystal Harris, a former Playmate of the Month 60 years his junior. "When I gave Crystal the ring, she burst into tears. This is the happie
Published 27 Dec, 2010 12:00am
Failed rocket launch threatens India's space ambitions

Failed rocket launch threatens India's space ambitions

The explosion of an Indian space rocket is likely to hit the country's efforts to push further into the global market for launching commercial satellites, experts warned Sunday. The unmanned Geosynchronous Satellite Launch Vehicle (GSLV) blew up live on t
Published 27 Dec, 2010 12:00am
Basel airport blocks Gbagbo's plane

Basel airport blocks Gbagbo's plane

Airport authorities in Basel have confiscated the airplane of Laurent Gbagbo, the incumbent president of Ivory Coast, media reports in Switzerland said Sunday. According to an initial report on NZZ Online, the block on letting the presidential plane retur
Published 27 Dec, 2010 12:00am
Gbagbo warns Ivory Coast intervention would provoke war

Gbagbo warns Ivory Coast intervention would provoke war

Ivory Coast strongman Laurent Gbagbo on Sunday appeared bent on clinging to power, warning West African leaders any attempt to oust him could ruin the regional economy and trigger civil war.
Published 27 Dec, 2010 12:00am
Former Venezuela leader Perez dies at 88

Former Venezuela leader Perez dies at 88

Former Venezuelan President Carlos Andres Perez, who survived two coup attempts but was finally forced from office as the first Latin American leader to be convicted of corruption, died on Saturday in Miami.
Published 27 Dec, 2010 12:00am
35 mourners killed in India road crash

35 mourners killed in India road crash

At least 35 people were killed in northern India following a collision between a bus and a truck carrying mourners returning from a funeral, police said Sunday. The accident left 30 injured in the Ujhani area near the town of Badaun in Uttar Pradesh state
Published 27 Dec, 2010 12:00am
Four Turkish engineers abducted in Afghanistan

Four Turkish engineers abducted in Afghanistan

Four Turkish engineers working for a construction firm and their Afghan driver were kidnapped Sunday in eastern Afghanistan, a senior local official told AFP. The men were abducted in the restive Paktia province as they travelled from a building site in D
Published 27 Dec, 2010 12:00am
BB's life an embodiment of courage, commitment: Prime Minister

BB's life an embodiment of courage, commitment: Prime Minister

Prime Minister, Syed Yusuf Raza Gilani has said that the life of Shaheed Mohtarma Benazir Bhutto is a classic story of courage and commitment towards people's welfare, and steel-like determination to accomplish the goals she set before herself.
Published 27 Dec, 2010 12:00am
Benazir Bhutto Mobile Banking inaugurated

Benazir Bhutto Mobile Banking inaugurated

President Asif Ali Zardari has said that Mobile Banking named after Shaheed Benazir Bhutto is being started in Pakistan for the first time. The Mobile Banking will help promote E-banking, he further said.
Published 27 Dec, 2010 12:00am
Death anniversary of BB to be observed in AJK

Death anniversary of BB to be observed in AJK

Like the rest of Pakistan and other parts of the world, all are set to observe the third martyrdom anniversary of former Prime Minister Benazir Bhutto Shaheed across Azad Jammu Kashmir (AJK) on December 27 with due reverence and honour on.
Published 27 Dec, 2010 12:00am
Gilani visits Ghari Khuda Bux

Gilani visits Ghari Khuda Bux

Prime Minister, Syed Yusuf Raza Gilani here on Sunday visited the mausoleum of Shaheed Mohtarma Benazir Bhutto, laid floral wreath and offered Fateha. Gilani also visited mausoleums of Shaheed Zulfikar Ali Bhutto, Shaheed Murtaza Bhutto and Shaheed Shahna
Published 27 Dec, 2010 12:00am
BB's philosophy being implemented by PPP: Jahangir Badar

BB's philosophy being implemented by PPP: Jahangir Badar

Shaheed Benazir Bhutto's philosophy, a guiding principle for the Pakistan Peoples Party, is being implemented in letter and spirit by the PPP leadership, said General Secretary PPP Jahangir Badar.
Published 27 Dec, 2010 12:00am
Benazir was great visionary leader of the region: minister

Benazir was great visionary leader of the region: minister

The Senior Sindh Minister for Education Pir Mazharul Haq has said that Benazir Bhutto was great visionary leader of the region who had gave us Five-Es'-Formula for the development of Pakistan and prosperity of its people. He vowed that Pakistan Peoples Pa
Published 27 Dec, 2010 12:00am
Attack on police: around 90 suspects held in Quetta

Attack on police: around 90 suspects held in Quetta

About 90 people from various localities of Quetta city have been nabbed following the attack on the police mobile team in which one police official was killed and seven others were injured. This was stated by the DIG operations Hamid Shakeel during a pres
Published 27 Dec, 2010 12:00am
Senate Chairman visits BB's Mazar

Senate Chairman visits BB's Mazar

Senate Chairman, Farooq H. Naek, here on Sunday visited the Mazar of Shaheed Mohtarma Benazir Bhutto on the eve of her third death anniversary. He laid a floral wreath at the grave of Shaheed Mohtarma Benazir Bhutto and offered Fateha.
Published 27 Dec, 2010 12:00am
President and Prime Minister discuss political situation

President and Prime Minister discuss political situation

Prior to the PPP's Central Executive Committee meeting, Prime Minister Syed Yousuf Raza Gilani met President Asif Ali Zardari here on Sunday. During the meeting overall political situation of the country and matters of national importance were discussed.
Published 27 Dec, 2010 12:00am
President visits Mazar of Benazir Bhutto

President visits Mazar of Benazir Bhutto

President Asif Ali Zardari here on Sunday visited the mazar of Shaheed Mohtarma Benazir Bhutto, laid floral wreath and offered Fateha. He was accompanied by daughters Bakhtawar Bhutto Zardari and Asifa Bhutto Zardari. On the occasion, the President also r
Published 27 Dec, 2010 12:00am
Education essential for elimination of terrorism: Hamza

Education essential for elimination of terrorism: Hamza

Member National Assembly of Muslim League-N (PML-N), Hamza Shahbaz Sharif has said that promotion of education is essential for elimination of terrorism and other problems. He said that democracy would have to be strengthened for continuity of development
Published 27 Dec, 2010 12:00am
Change in system best revenge of BB's assassination: President

Change in system best revenge of BB's assassination: President

PPP co-chairman and President Asif Ali Zardari on Sunday said the PPP does not believe in personal revenge and was taking revenge of the assassination of Benazir Bhutto by changing the system. "We are taking the revenge of Mohtarma's assassination by chan
Published 27 Dec, 2010 12:00am
Provisional ATL to be displayed on FBR website from February 1

Provisional ATL to be displayed on FBR website from February 1

The provisional 'Active Taxpayer List" of the income tax will be displayed on the website of the Federal Board of Revenue (FBR) from February 1, 2011 to restrict business community to only interact with the compliant persons, including buyers and sellers.
Published 27 Dec, 2010 12:00am
New species of Salvadora discovered

New species of Salvadora discovered

Eminent botanists of Sindh University (SU) Professor Dr Muhammad Tahir Rajput and Dr Syeda Saleha Hassney have discovered new species of Salvadora from Sindh.
Published 27 Dec, 2010 12:00am
Two including BNP leader killed in Khuzdar

Two including BNP leader killed in Khuzdar

Raees Abdul Latif Shahwani, a member of Central Executive Committee of Balochistan National Party (BNP) and a child were shot dead by unknown gunmen at Seerat roundabout in Khuzdar on Sunday. Police sources confided that the BNP leader was on his way to h
Published 27 Dec, 2010 12:00am
CJP constitutes two-judge bench for next week

CJP constitutes two-judge bench for next week

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted a bench to hear a number of cases at the principal seat in the next week starting from December 27. A two-judge bench of Justice Muhammad Sair Ali and Justice Asif Saeed Khan Khosa will
Published 27 Dec, 2010 12:00am
Petraeus commends Pakistan's counterinsurgency

Petraeus commends Pakistan's counterinsurgency

The top US and Nato commander in Afghanistan said there will be more coordinated military operations on either side of the Afghanistan-Pakistan border, and commended Pakistan on its ``impressive' counterinsurgency efforts.
Published 27 Dec, 2010 12:00am
Imran due today in Muzaffargarh

Imran due today in Muzaffargarh

Pakistan Tehrik-i-Insaf (PTI) Chairman Imran Khan will reach Muzaffargarh for a day-long visit here on December 27. According to a statement issued here, he will address lawyers of the district bar and also meet with mediapersons.
Published 27 Dec, 2010 12:00am
Four persons of family die as house catches fire

Four persons of family die as house catches fire

Four persons of family die and two other injured when a small house caught fire in Misalabad village here on Sunday, police said. The house caught fire due to gas cylinder blast in a camp of Nawab Khan when the family was fast asleep on wee hours of Sunda
Published 27 Dec, 2010 12:00am
Obama, Ban, Karzai condemn WFP centre attack

Obama, Ban, Karzai condemn WFP centre attack

US President Barack Obama on Saturday strongly condemned the "outrageous" terrorist attack in Khar tribal area and reaffirmed his administration's support for Pakistan's peace and security efforts for its people.
Published 27 Dec, 2010 12:00am
Economist jailed for criticising Iran government

Economist jailed for criticising Iran government

An Iranian news agency says authorities have confirmed that remarks by an economist critical of the government's subsidy cuts were the reason for his detention. The Sunday report by the semi official Mehr news agency quotes Abbas Jafari Dowlatabadi, Tehra
Published 27 Dec, 2010 12:00am
Economist jailed for criticising Iran government

Economist jailed for criticising Iran government

An Iranian news agency says authorities have confirmed that remarks by an economist critical of the government's subsidy cuts were the reason for his detention. The Sunday report by the semi official Mehr news agency quotes Abbas Jafari Dowlatabadi, Tehra
Published 27 Dec, 2010 12:00am
World may recognise Palestinian state soon: Israeli minister

World may recognise Palestinian state soon: Israeli minister

With peace talks stalled, the "entire world" could recognise a Palestinian state within a year, a dovish Israeli cabinet minister warned Sunday, urging the resumption of negotiations. The comments from Industry and Trade Minister Benjamin Ben Eliezer come
Published 27 Dec, 2010 12:00am
World may recognise Palestinian state soon: Israeli minister

World may recognise Palestinian state soon: Israeli minister

With peace talks stalled, the "entire world" could recognise a Palestinian state within a year, a dovish Israeli cabinet minister warned Sunday, urging the resumption of negotiations. The comments from Industry and Trade Minister Benjamin Ben Eliezer come
Published 27 Dec, 2010 12:00am
Bangladesh court seeks arrest of local TI leaders

Bangladesh court seeks arrest of local TI leaders

A Bangladeshi court on Sunday issued an arrest warrant for the leaders of the national chapter of corruption watchdog Transparency International (TI), accusing them of tarnishing the reputation of the judiciary.
Published 27 Dec, 2010 12:00am
Bangladesh court seeks arrest of local TI leaders

Bangladesh court seeks arrest of local TI leaders

A Bangladeshi court on Sunday issued an arrest warrant for the leaders of the national chapter of corruption watchdog Transparency International (TI), accusing them of tarnishing the reputation of the judiciary.
Published 27 Dec, 2010 12:00am
Second year of privatisation plan to draw a blank

Second year of privatisation plan to draw a blank

As the current calendar year is coming to its end, the government''s privatisation programme has been ''zero-plus-zero'', with not even a single deal to its credit in 2010, like 2009.
Published 27 Dec, 2010 12:00am
Second year of privatisation plan to draw a blank

Second year of privatisation plan to draw a blank

As the current calendar year is coming to its end, the government's privatisation programme has been 'zero-plus-zero', with not even a single deal to its credit in 2010, like 2009.
Published 27 Dec, 2010 12:00am
Second year of privatisation plan to draw a blank

Second year of privatisation plan to draw a blank

As the current calendar year is coming to its end, the government's privatisation programme has been 'zero-plus-zero', with not even a single deal to its credit in 2010, like 2009.
Published 27 Dec, 2010 12:00am
Advocate General Sindh Yousuf Leghari resigns

Advocate General Sindh Yousuf Leghari resigns

Advocate General Sindh, Yousuf Leghari, resigned on Sunday, a private TV channel reported. According to the channel, Yousuf Leghari resigned as AG Sindh due to the 'attitude' of provincial law minister. Talking to the channel, the Advocate General said he
Published 27 Dec, 2010 12:00am
Advocate General Sindh Yousuf Leghari resigns

Advocate General Sindh Yousuf Leghari resigns

Advocate General Sindh, Yousuf Leghari, resigned on Sunday, a private TV channel reported. According to the channel, Yousuf Leghari resigned as AG Sindh due to the 'attitude' of provincial law minister. Talking to the channel, the Advocate General said he
Published 27 Dec, 2010 12:00am
Strict action against drug hoarding directed

Strict action against drug hoarding directed

Executive District Officer Health, Dr Umer Farooq Baloch has directed to start stern drive against the artificial shortage of drugs to point out elements involved in the heinous crime. He also said concerned staff of health department should fulfil their
Published 27 Dec, 2010 12:00am
Iran agrees to release fuel tankers for Afghanistan

Iran agrees to release fuel tankers for Afghanistan

Afghan Vice President Mohammad Qasim Fahim said on Sunday that Iran has agreed to lift a ban on fuel tankers crossing into Afghanistan that has left hundreds of trucks stranded at the border.
Published 27 Dec, 2010 12:00am
Rulers deceiving public: Khosa

Rulers deceiving public: Khosa

Senior Advisor to Chief Minister Punjab, Sardar Zulfiqar Khan Khosa said that the rulers who are deceiving the public in the name of democracy have no right to remain in the rule. It is just because of their merrymaking that people are starving for the si
Published 27 Dec, 2010 12:00am
Mexican army mistrusts other government's agencies: Leak

Mexican army mistrusts other government's agencies: Leak

A leaked US diplomatic cable published Saturday depicts the leader of Mexico's army ``lamenting' its lengthy role in the anti-drug offensive, but expecting it to last between seven and 10 more years. The cable says Mexican Defense Secretary General Guille
Published 27 Dec, 2010 12:00am
PML-Likeminded to start mass contact campaign

PML-Likeminded to start mass contact campaign

PML like-minded President Senator Salim Saifullah Khan has said that the party's central leaders would start the mass contact campaign in Punjab next month. He said this in a telephonic conversation with provincial secretary Information Mian Muhammad Asif
Published 27 Dec, 2010 12:00am
Study ties brain structure size to socialising

Study ties brain structure size to socialising

If you spend time with a lot of friends, a part of your brain may be unusually large. That part is called the amygdala (uh-MIG'-duh-luh), and it's deep in your brain. Researchers found that among volunteers who got brain scans, those with a bigger amygdal
Published 27 Dec, 2010 12:00am
Futures open interest up by 8.5 percent

Futures open interest up by 8.5 percent

Total open interest at the futures counter increased by 8.5 percent to Rs 1.11 billion during the week ended on December 24, 2010. The futures spread declined by 403bps on week-on-week basis to 3.29 percent. Trading at the future counter remained low and
Published 27 Dec, 2010 12:00am
Futures open interest up by 8.5 percent

Futures open interest up by 8.5 percent

Total open interest at the futures counter increased by 8.5 percent to Rs 1.11 billion during the week ended on December 24, 2010. The futures spread declined by 403bps on week-on-week basis to 3.29 percent. Trading at the future counter remained low and
Published 27 Dec, 2010 12:00am
Futures open interest up by 8.5 percent

Futures open interest up by 8.5 percent

Total open interest at the futures counter increased by 8.5 percent to Rs 1.11 billion during the week ended on December 24, 2010. The futures spread declined by 403bps on week-on-week basis to 3.29 percent. Trading at the future counter remained low and
Published 27 Dec, 2010 12:00am
Futures open interest up by 8.5 percent

Futures open interest up by 8.5 percent

Total open interest at the futures counter increased by 8.5 percent to Rs 1.11 billion during the week ended on December 24, 2010. The futures spread declined by 403bps on week-on-week basis to 3.29 percent. Trading at the future counter remained low and
Published 27 Dec, 2010 12:00am
Index gains 72.08 points

Index gains 72.08 points

The KSE-100 index gained 72.08 points during the week ended on December 25, 2010 and closed at 11,858.17 points. Trading remained low and the average daily volume at the ready counter declined to 100.21 million shares, by 32.4 percent, as compared to prev
Published 27 Dec, 2010 12:00am
Index gains 72.08 points

Index gains 72.08 points

The KSE-100 index gained 72.08 points during the week ended on December 25, 2010 and closed at 11,858.17 points. Trading remained low and the average daily volume at the ready counter declined to 100.21 million shares, by 32.4 percent, as compared to prev
Published 27 Dec, 2010 12:00am
Index gains 72.08 points

Index gains 72.08 points

The KSE-100 index gained 72.08 points during the week ended on December 25, 2010 and closed at 11,858.17 points. Trading remained low and the average daily volume at the ready counter declined to 100.21 million shares, by 32.4 percent, as compared to prev
Published 27 Dec, 2010 12:00am
''Electronic payment, refund system'' successfully tested

''Electronic payment, refund system'' successfully tested

The Federal Board of Revenue (FBR), the State Bank of Pakistan (SBP), and the commercial banks have successfully tested the ''Electronic Payment and Refund System'' (EPARS), enabling the taxpayers to directly deposit tax payments from their bank accounts
Published 27 Dec, 2010 12:00am
'Electronic payment, refund system' successfully tested

'Electronic payment, refund system' successfully tested

The Federal Board of Revenue (FBR), the State Bank of Pakistan (SBP), and the commercial banks have successfully tested the 'Electronic Payment and Refund System' (EPARS), enabling the taxpayers to directly deposit tax payments from their bank accounts in
Published 27 Dec, 2010 12:00am
'Electronic payment, refund system' successfully tested

'Electronic payment, refund system' successfully tested

The Federal Board of Revenue (FBR), the State Bank of Pakistan (SBP), and the commercial banks have successfully tested the 'Electronic Payment and Refund System' (EPARS), enabling the taxpayers to directly deposit tax payments from their bank accounts in
Published 27 Dec, 2010 12:00am
ECC criticised for not extending DTRE to whole of country

ECC criticised for not extending DTRE to whole of country

The Pakistan Vanaspati Manufacturers Association (PVMA) has criticised the Economic Co-ordination Committee (ECC) of the Cabinet for not extending Duty Tax Remission for Exports (DTRE) scheme across Pakistan, official sources told Business Recorder.</i
Published 27 Dec, 2010 12:00am
ECC criticised for not extending DTRE to whole of country

ECC criticised for not extending DTRE to whole of country

The Pakistan Vanaspati Manufacturers Association (PVMA) has criticised the Economic Co-ordination Committee (ECC) of the Cabinet for not extending Duty Tax Remission for Exports (DTRE) scheme across Pakistan, official sources told Business Recorder.</i
Published 27 Dec, 2010 12:00am
ECC criticised for not extending DTRE to whole of country

ECC criticised for not extending DTRE to whole of country

The Pakistan Vanaspati Manufacturers Association (PVMA) has criticised the Economic Co-ordination Committee (ECC) of the Cabinet for not extending Duty Tax Remission for Exports (DTRE) scheme across Pakistan, official sources told Business Recorder.</i
Published 27 Dec, 2010 12:00am
Pepco firms up five-year power generation plan

Pepco firms up five-year power generation plan

The Pakistan Electric Power Company (Pepco) has reportedly firmed up a five-year Public Sector Power Generation Enhancement Plan (2010-2015) whereby 10,000 MW of new capacity would be added to the national grid, official sources told Business Recorder.
Published 27 Dec, 2010 12:00am
Pepco firms up five-year power generation plan

Pepco firms up five-year power generation plan

The Pakistan Electric Power Company (Pepco) has reportedly firmed up a five-year Public Sector Power Generation Enhancement Plan (2010-2015) whereby 10,000 MW of new capacity would be added to the national grid, official sources told Business Recorder.
Published 27 Dec, 2010 12:00am
Pepco firms up five-year power generation plan

Pepco firms up five-year power generation plan

The Pakistan Electric Power Company (Pepco) has reportedly firmed up a five-year Public Sector Power Generation Enhancement Plan (2010-2015) whereby 10,000 MW of new capacity would be added to the national grid, official sources told Business Recorder.
Published 27 Dec, 2010 12:00am
Power sector: IFIs'' loans linked to good governance

Power sector: IFIs'' loans linked to good governance

The international financial institutions (IFIs) have linked their loan programme for Pakistan''s power sector with improvement of governance under ''Vision 20-20'' programme, which requires $17.7bn through private sector.
Published 27 Dec, 2010 12:00am
Power sector: IFIs' loans linked to good governance

Power sector: IFIs' loans linked to good governance

The international financial institutions (IFIs) have linked their loan programme for Pakistan's power sector with improvement of governance under 'Vision 20-20' programme, which requires $17.7bn through private sector.
Published 27 Dec, 2010 12:00am
Power sector: IFIs' loans linked to good governance

Power sector: IFIs' loans linked to good governance

The international financial institutions (IFIs) have linked their loan programme for Pakistan's power sector with improvement of governance under 'Vision 20-20' programme, which requires $17.7bn through private sector.
Published 27 Dec, 2010 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

Easy trend was seen on the currency market during the shortened week, ended on December 24, 2010 as all banks were closed on Saturday on account of Quaid-e-Azam's birth anniversary. On the interbank market, range-bound trading was seen as the rupee moved
Published 27 Dec, 2010 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

Easy trend was seen on the currency market during the shortened week, ended on December 24, 2010 as all banks were closed on Saturday on account of Quaid-e-Azam's birth anniversary. On the interbank market, range-bound trading was seen as the rupee moved
Published 27 Dec, 2010 12:00am
Benazir's third death anniversary today

Benazir's third death anniversary today

The third death anniversary of a former prime minister, Benazir Bhutto will be observed on Monday with a resolve to carry on her mission for strengthening democracy in the country. Benazir's political career, which spanned over 30 years, was full of consi
Published 27 Dec, 2010 12:00am
Benazir's third death anniversary today

Benazir's third death anniversary today

The third death anniversary of a former prime minister, Benazir Bhutto will be observed on Monday with a resolve to carry on her mission for strengthening democracy in the country. Benazir's political career, which spanned over 30 years, was full of consi
Published 27 Dec, 2010 12:00am
Probe into BB's murder: report to be presented at next CEC meeting: Awan

Probe into BB's murder: report to be presented at next CEC meeting: Awan

Report regarding the ongoing investigation into the assassination of Benazir Bhutto would be presented at the next meeting of Central Executive Committee (CEC) of Pakistan People's Party, Federal Law Minister Babar Awan told media persons late Sunday, Aaj
Published 27 Dec, 2010 12:00am
Probe into BB's murder: report to be presented at next CEC meeting: Awan

Probe into BB's murder: report to be presented at next CEC meeting: Awan

Report regarding the ongoing investigation into the assassination of Benazir Bhutto would be presented at the next meeting of Central Executive Committee (CEC) of Pakistan People's Party, Federal Law Minister Babar Awan told media persons late Sunday, Aaj
Published 27 Dec, 2010 12:00am
Zardari inaugurates Sindh Bank

Zardari inaugurates Sindh Bank

President Asif Ali Zardari on Sunday inaugurated Sindh Bank''s branch in Naudero. This is the first bank set up in the province by the Government of Sindh and the initial investment in the bank by the provincial government is Rs10 billion. President Zarda
Published 27 Dec, 2010 12:00am
Zardari inaugurates Sindh Bank

Zardari inaugurates Sindh Bank

President Asif Ali Zardari on Sunday inaugurated Sindh Bank's branch in Naudero. This is the first bank set up in the province by the Government of Sindh and the initial investment in the bank by the provincial government is Rs10 billion. President Zardar
Published 27 Dec, 2010 12:00am
Zardari inaugurates Sindh Bank

Zardari inaugurates Sindh Bank

President Asif Ali Zardari on Sunday inaugurated Sindh Bank's branch in Naudero. This is the first bank set up in the province by the Government of Sindh and the initial investment in the bank by the provincial government is Rs10 billion. President Zardar
Published 27 Dec, 2010 12:00am
'Free education helps develop humanity'

'Free education helps develop humanity'

The provision of free education to both male and female child helps develop the individual, the family, the society and the humanity as a whole.
Published 27 Dec, 2010 12:00am
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