News Archives for Print - 2011-01-01

Antiquities Department: Makhdoom Jameel given additional portfolio

The Chief Minister Sindh Syed Qaim Ali Shah on Friday has allocated the additional portfolio of Antiquities Department to Makhdoom Jameel-uz-Zaman Minister for Inter-Provincial Co-ordination, Sindh with immediate effect.

Published 01 Jan, 2011 12:00am

NSS''s profit rates increased

The federal government Friday announced increase in the rate of profit on different National Savings Schemes (NSS) from January 1, 2011. The rates for Special Savings Certificates, Regular Income Certificates and Defence Savings Certificates have been enh

Published 01 Jan, 2011 12:00am

Mega scams during 2010: Commerce Ministry remains in focus

Commerce Ministry leads in terms of remaining in the focus of public attention due to mega financial scams involving billions of rupees during 2010. These mega scams included import of one million tons of used furnace/lube oil, fake export/import permissi

Published 01 Jan, 2011 12:00am

Mega scams during 2010: Commerce Ministry remains in focus

Commerce Ministry leads in terms of remaining in the focus of public attention due to mega financial scams involving billions of rupees during 2010. These mega scams included import of one million tons of used furnace/lube oil, fake export/import permissi

Published 01 Jan, 2011 12:00am

Mega scams during 2010: Commerce Ministry remains in focus

Commerce Ministry leads in terms of remaining in the focus of public attention due to mega financial scams involving billions of rupees during 2010. These mega scams included import of one million tons of used furnace/lube oil, fake export/import permissi

Published 01 Jan, 2011 12:00am

FBR unable to implement key reforms

The Federal Board of Revenue (FBR) was unable to implement some key reforms and measures for documentation of economy during 2010, including introduction of the proposed 'reformed general sales tax' (RGST), e-payment facility to commercial banks, Sales Ta

Published 01 Jan, 2011 12:00am

FBR unable to implement key reforms

The Federal Board of Revenue (FBR) was unable to implement some key reforms and measures for documentation of economy during 2010, including introduction of the proposed 'reformed general sales tax' (RGST), e-payment facility to commercial banks, Sales Ta

Published 01 Jan, 2011 12:00am

FBR unable to implement key reforms

The Federal Board of Revenue (FBR) was unable to implement some key reforms and measures for documentation of economy during 2010, including introduction of the proposed ''reformed general sales tax'' (RGST), e-payment facility to commercial banks, Sales

Published 01 Jan, 2011 12:00am

Indians on death row in Emirates reject settlement

Indian nationals on death row in the United Arab Emirates have rejected a blood-money settlement that would see them freed, news reports said Friday. Seventeen Indians were sentenced to death in March for killing a Pakistani man in 2009 after a dispute ov

Published 01 Jan, 2011 12:00am

Facebook tops Google in website hits: study

Facebook stole the thunder from Google this year as the most-visited website in the United States, according to a new study from Internet research firm Experian Hitwise. The social-networking juggernaut's www.facebook.com was the top-visited website for t

Published 01 Jan, 2011 12:00am

Equities move both ways on LSE

Equities moved both ways on the Lahore Stock Exchange (LSE) on Friday and finally ended in negative zone amid selling pressure on account of profit taking ahead of weekend. The LSE-25 index was marginally improved by 2.39 points and was ended at 3733.01 a

Published 01 Jan, 2011 12:00am

Equities move both ways on LSE

Equities moved both ways on the Lahore Stock Exchange (LSE) on Friday and finally ended in negative zone amid selling pressure on account of profit taking ahead of weekend. The LSE-25 index was marginally improved by 2.39 points and was ended at 3733.01 a

Published 01 Jan, 2011 12:00am

ISE index gains 4.27 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 04.27 points, as the Index moved from 3,012.43 to 3,016.

Published 01 Jan, 2011 12:00am

ISE index gains 4.27 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 04.27 points, as the Index moved from 3,012.43 to 3,016.

Published 01 Jan, 2011 12:00am

KESC offers VSS to 4,500 staffers

The Karachi Electric Supply Company (KESC) has announced a "fair and competitive Voluntary Separation Scheme" (VSS) to 4,5OO of its non-management staff and workmen engaged in non-core functions, such as drivers, office attendants, security guards, sanita

Published 01 Jan, 2011 12:00am

KESC offers VSS to 4,500 staffers

The Karachi Electric Supply Company (KESC) has announced a "fair and competitive Voluntary Separation Scheme" (VSS) to 4,5OO of its non-management staff and workmen engaged in non-core functions, such as drivers, office attendants, security guards, sanita

Published 01 Jan, 2011 12:00am

KESC offers VSS to 4,500 staffers

The Karachi Electric Supply Company (KESC) has announced a "fair and competitive Voluntary Separation Scheme" (VSS) to 4,5OO of its non-management staff and workmen engaged in non-core functions, such as drivers, office attendants, security guards, sanita

Published 01 Jan, 2011 12:00am

US missiles kill eight in North Waziristan

A US missile strike killed eight alleged militants in North Waziristan tribal area on Friday on the final day of a year that has seen a major escalation in drone attacks targeting insurgents flowing into neighbouring Afghanistan, Pakistani intelligence of

Published 01 Jan, 2011 12:00am

US missiles kill eight in North Waziristan

A US missile strike killed eight alleged militants in North Waziristan tribal area on Friday on the final day of a year that has seen a major escalation in drone attacks targeting insurgents flowing into neighbouring Afghanistan, Pakistani intelligence of

Published 01 Jan, 2011 12:00am

Thar coal development: MoP urged to form sub-group to work with Chinese companies

The Thar Coal and Energy Board (TECB) has urged the Petroleum Ministry to constitute a sub-group for Thar coal development, and forward it to the Chinese companies, official sources told Business Recorder.

Published 01 Jan, 2011 12:00am

Thar coal development: MoP urged to form sub-group to work with Chinese companies

The Thar Coal and Energy Board (TECB) has urged the Petroleum Ministry to constitute a sub-group for Thar coal development, and forward it to the Chinese companies, official sources told Business Recorder.

Published 01 Jan, 2011 12:00am

Thar coal development: MoP urged to form sub-group to work with Chinese companies

The Thar Coal and Energy Board (TECB) has urged the Petroleum Ministry to constitute a sub-group for Thar coal development, and forward it to the Chinese companies, official sources told Business Recorder.

Published 01 Jan, 2011 12:00am

SECP extends amnesty schemes up to January 3

The amnesty schemes of the Securities and Exchange Commission of Pakistan (SECP)--the Companies Regularisation Scheme (CRS) and Companies Easy Exit Scheme (CEES)--have been extended to January 3. According to a statement issued here on Friday the schemes

Published 01 Jan, 2011 12:00am

SECP extends amnesty schemes up to January 3

The amnesty schemes of the Securities and Exchange Commission of Pakistan (SECP)--the Companies Regularisation Scheme (CRS) and Companies Easy Exit Scheme (CEES)--have been extended to January 3. According to a statement issued here on Friday the schemes

Published 01 Jan, 2011 12:00am

SECP extends amnesty schemes up to January 3

The amnesty schemes of the Securities and Exchange Commission of Pakistan (SECP)--the Companies Regularisation Scheme (CRS) and Companies Easy Exit Scheme (CEES)--have been extended to January 3. According to a statement issued here on Friday the schemes

Published 01 Jan, 2011 12:00am

DGI&I detects 421 default cases involving Rs 1.51 billion

The regional office of the Directorate of Intelligence and Investigation (DGI&I)-FBR, established 421 cases involving Rs 1.51 billion, and recovered Rs 189.58 million revenue during calendar year 2010. According to official statistics, made exclusively av

Published 01 Jan, 2011 12:00am

DGI&I detects 421 default cases involving Rs 1.51 billion

The regional office of the Directorate of Intelligence and Investigation (DGI&I)-FBR, established 421 cases involving Rs 1.51 billion, and recovered Rs 189.58 million revenue during calendar year 2010. According to official statistics, made exclusively av

Published 01 Jan, 2011 12:00am

DGI&I detects 421 default cases involving Rs 1.51 billion

The regional office of the Directorate of Intelligence and Investigation (DGI&I)-FBR, established 421 cases involving Rs 1.51 billion, and recovered Rs 189.58 million revenue during calendar year 2010. According to official statistics, made exclusively av

Published 01 Jan, 2011 12:00am

Diplomatic row leads to hefty fees, visa rules for Canadians in UAE

Starting Sunday, Canadians travelling to the United Arab Emirates will be hit with new visa rules that include charges up to 1,000 US dollars and a requirement to apply for a visa 15 days prior to their trip. According to the Emirates-based Gulf News.

Published 01 Jan, 2011 12:00am

Diplomatic row leads to hefty fees, visa rules for Canadians in UAE

Starting Sunday, Canadians travelling to the United Arab Emirates will be hit with new visa rules that include charges up to 1,000 US dollars and a requirement to apply for a visa 15 days prior to their trip. According to the Emirates-based Gulf News.

Published 01 Jan, 2011 12:00am

Diplomatic row leads to hefty fees, visa rules for Canadians in UAE

Starting Sunday, Canadians travelling to the United Arab Emirates will be hit with new visa rules that include charges up to 1,000 US dollars and a requirement to apply for a visa 15 days prior to their trip. According to the Emirates-based Gulf News.

Published 01 Jan, 2011 12:00am

Taliban free 23 detained tribesmen

Taliban militants on Friday freed 23 tribesmen whom they had detained this month for meeting army chief in the lawless tribal belt on the Afghan border. Taliban spokesman Azam Tariq told AFP from an undisclosed location that a militant "court" freed the 2

Published 01 Jan, 2011 12:00am

Taliban free 23 detained tribesmen

Taliban militants on Friday freed 23 tribesmen whom they had detained this month for meeting army chief in the lawless tribal belt on the Afghan border. Taliban spokesman Azam Tariq told AFP from an undisclosed location that a militant "court" freed the 2

Published 01 Jan, 2011 12:00am

Implementation of IP project by SSGC, SNGPL under study

The government is considering to allow Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipeline (SNGPL) to jointly implement the Iran-Pakistan (IP) gas pipeline project due to funds being easily available from international investors and low operatin

Published 01 Jan, 2011 12:00am

Implementation of IP project by SSGC, SNGPL under study

The government is considering to allow Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipeline (SNGPL) to jointly implement the Iran-Pakistan (IP) gas pipeline project due to funds being easily available from international investors and low operatin

Published 01 Jan, 2011 12:00am

Implementation of IP project by SSGC, SNGPL under study

The government is considering to allow Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipeline (SNGPL) to jointly implement the Iran-Pakistan (IP) gas pipeline project due to funds being easily available from international investors and low operatin

Published 01 Jan, 2011 12:00am

Palestinian leader lays first stone of Brazil embassy

Palestinian president Mahmud Abbas laid the first stone Friday of what will become a Palestinian embassy in Brazil, the most important Latin American country to recognise a sovereign Palestinian state. The symbolic act underlined a general movement in Sou

Published 01 Jan, 2011 12:00am

Palestinian leader lays first stone of Brazil embassy

Palestinian president Mahmud Abbas laid the first stone Friday of what will become a Palestinian embassy in Brazil, the most important Latin American country to recognise a sovereign Palestinian state. The symbolic act underlined a general movement in Sou

Published 01 Jan, 2011 12:00am

Hike in POL, electricity tariff: PIAF appeals Prime Minister to reject proposal

Pakistan Industrial and Traders Association Front (PIAF) has appealed to the Prime Minister to reject the proposal for hike in price of petroleum products and electricity tariff, as it would prove a big blow to already in-shambles economy.

Published 01 Jan, 2011 12:00am

Probe into exchange of indecent remarks: Chaudhry Nisar proposes forming parliamentary body

Leader of Opposition in the National Assembly Chaudhry Nisar Ali Khan on Friday proposed constitution of a Parliamentary committee including media persons to probe the exchange of derogatory language against the top leadership of both Pakistan Muslim Leag

Published 01 Jan, 2011 12:00am

APFTU holds moot to discuss labourers' issues

All Pakistan Federation of Trade Union (APFTU) organised a national conference of labourers to discuss the issues facing the country. The issues were namely economic crises, worsening law and order situation, unemployment, increase in the prices of commod

Published 01 Jan, 2011 12:00am

Gilani vows to mitigate sufferings of Balochistan

Prime Minister, Syed Yusuf Raza Gilani Friday in a new year's resolve, vowed to direct all energies for the mitigation of problems being faced by the people of Balochistan. Talking to a delegation of senators from the province, Gilani said his government

Published 01 Jan, 2011 12:00am

'Budget session of National Assembly should be extended for 90 days'

Budget session of National Assembly should be extended for 90 days, which is necessary for meaningful input. This was according to the suggestions given in the report on the Score Card of 13th National Assembly of Pakistan. The discussion was organised on

Published 01 Jan, 2011 12:00am

Lahore Gymkhana elections: PPMA, PIAF felicitate business group panel

Vice Chairman (Central) Pakistan Pharmaceutical Manufacturers Association (PPMA) and Vice Chairman PIAF Khawaja Shahzeb Akram congratulated Mian Misbah-ur-Rehman Group in the elections of Lahore Gymkhana. Khawaja Shahzeb Akram in his press statement said

Published 01 Jan, 2011 12:00am

Acquiring modern education: 'Deeni Madaris students can play active role in society'

Senior Advisor to Chief Minister Punjab Sardar Zulfiqar Ali Khan Khosa has said that by acquiring the modern education, students of Deeni Madaris can play an active role for the establishment of a balanced society. Learned Ulema by introducing science and

Published 01 Jan, 2011 12:00am

Asfandyar urges MQM, PML-N to refrain from trading allegations

Awami National Party (ANP) chief Asfandyar Wali Khan on Friday asked the parliamentarians of MQM and PML-N to refrain from allegations and counter-allegations for giving democracy a chance. ANP chief expressed his concerns over the highly personalised ind

Published 01 Jan, 2011 12:00am

Cold wave likely to continue in next 2-3 days

Pakistan Meteorological Department (PMD) forecast more rain and snowfall for Kashmir, Gilgit-Baltistan and adjoining hilly areas on Friday. However, the current rain/snowfall spell is likely to weaken during next 24 hours and upper parts of the country wi

Published 01 Jan, 2011 12:00am

LCCI, PBIT to conduct joint economic, country specific studies

The Lahore Chamber of Commerce and Industry (LCCI) and the Punjab Board of Investment and Trade (PBIT) will conduct joint economic, sectoral and country-specific studies to formulate a joint action plan for attracting new investments in the province.

Published 01 Jan, 2011 12:00am

Causes of loss to economy enumerated

The worst losses to Pakistan's economy during the year 2010 were due to the situation of war on terror, lawlessness, crime and security that reduced the direct foreign investment, and constraints of local investment in business and industry, agricultural.

Published 01 Jan, 2011 12:00am

Economical consumption saves power to deal with canal desilting phenomenon

A very economical consumption of electricity, both by the domestic and commercial consumers, has saved sufficient stocks for Pakistan Electric Power Company (Pepco) to deal with canal desilting campaign in the country.

Published 01 Jan, 2011 12:00am

LSE adopts CCP's competition compliance code

The Lahore Stock Exchange has become the first corporate entity in Pakistan to adopt the Voluntary Competition Compliance Code of the Competition Commission of Pakistan. The decision to adopt the Code was taken by the LSE Board of Directors at its meeting

Published 01 Jan, 2011 12:00am

Rs 31.669 million to be spent on repair work of nine roads

Under the annual development programme, an amount of Rs 31.669 million would be spent on repair of nine roads in the jurisdiction of TMA Lyallpur Town for which tenders have been invited. This was informed in a meeting held here on Friday with DCO Naseem

Published 01 Jan, 2011 12:00am

Floods, fighting destroy wildlife

Disaster struck out of nowhere. The flash floods were so sudden that wardens at one of Pakistan's most famed parks could do nothing to save their animals. Leopards, deer and bears all drowned as the murky waters quickly engulfed them.

Published 01 Jan, 2011 12:00am

Alleged bogus cabinet: PIA union restrained from working

Lahore High Court, here Friday directing PIA to freeze its union's accounts till further orders, restrained the allegedly bogus cabinet of Peoples Unity of PIA Employees (CBA) and its president Amir Shah from operating.

Published 01 Jan, 2011 12:00am

Aptma poised to trek new heights in 2011

All Pakistan Textile Mills Association (Aptma) is poised to take new heights in 2011 after feathering a successful year in its cap with a vision to foster new investment in the sector to tap potential of two billion dollar exports in the near future.

Published 01 Jan, 2011 12:00am

MQM presents party's reservations to Zardari

Muttahida Qaumi Movement (MQM) leader Wasim Akhtar on Thursday said the party's reservations have been presented to the President Asif Ali Zardari as the party wants good governance in the country. Talking to reporters outside Parliament House, the MNA st

Published 01 Jan, 2011 12:00am

Income Fund, Cash Fund: JSIL announces interim dividends

The Board of Directors of JS Investments Limited (JSIL), the Management Company of JS Income Fund (JS IF) and JS Cash Fund (JS CF), approved interim dividends for JS IF and JS CF for the half year of FY 2011, ended December 31, 2010.

Published 01 Jan, 2011 12:00am

Income Fund, Cash Fund: JSIL announces interim dividends

The Board of Directors of JS Investments Limited (JSIL), the Management Company of JS Income Fund (JS IF) and JS Cash Fund (JS CF), approved interim dividends for JS IF and JS CF for the half year of FY 2011, ended December 31, 2010.

Published 01 Jan, 2011 12:00am

Bullet-riddled body found

The bullet-riddled body of a man was found on Friday within the limits of Pak Colony police station, police said. Duty Officer of Pak Colony police station said the body was found from Lyari River in Dhobi Ghat area. The victim was identified as Sajid, ag

Published 01 Jan, 2011 12:00am

CNG buses project: President asks government to facilitate interested Chinese companies

President Asif Ali Zardari has directed the government to facilitate Chinese companies interested in investing on CNG busses project to resolve the public transport problems in major cities. He was chairing a meeting at Bilawal House here on Friday, to ea

Published 01 Jan, 2011 12:00am

'Government intends to turn around SOEs'

Minister for Privatisation, Senator Waqar Ahmad Khan said on Friday that the government intends to turnaround the State owned Entities (SOEs) and is endeavouring to make value addition in these entities through a total transparent and open process by taki

Published 01 Jan, 2011 12:00am

BISP launches life insurance scheme for deserving registered families: Farzana

Federal Minister and Chairperson Benazir Income Support Programme (BISP), Farzana Raja has said that BISP has launched life insurance scheme for the deserving registered families, which is a unique step to uplift the lives of poor and downtrodden segments

Published 01 Jan, 2011 12:00am

Tributes paid to brave Pakistanis

In their successful bid to pay tribute to the brave Pakistanis, the two music maestros Rahat Fateh Ali Khan and Shafqat Amanat Ali Khan have jointly sung a song 'Imtehan Hai Imtehan' that has been an instant success on the internet.

Published 01 Jan, 2011 12:00am

FIC providing advanced healthcare to patients

Faisalabad Institute of Cardiology (FIC) is extending state-of-the-art treatment facilities to the heart patients, Project Director FIC, Dr Riaz Ahmad said adding that the angiography machine, emergency ICU, blood bank, modular operation theaters, Gama ca

Published 01 Jan, 2011 12:00am

Legislation in Sindh to be in consultation with coalition partners

All the legislation including the commissionerate system in the province, would be undertaken with mutual consultation of the coalition partners. President Asif Ali Zardari will be presented a report on discussions held by the Committee tasked to sort out

Published 01 Jan, 2011 12:00am

'PML-N not in favour of mid-term elections'

Leader Pakistan Muslim League Nawaz (PML-N) Makhdoom Javed Hashmi has said his party was neither in favour of mid-term elections nor it will support any move to topple the coalition government headed by Prime Minister Yousuf Raza Gilani.

Published 01 Jan, 2011 12:00am

Petrol disappears from filling station

The announced hike in prices of petroleum products on Friday night put an immediate effect in the city petrol pump sites. Moments after the news that the OGRA's proposal was approved by the Prime Minister, the petrol became invisible at the filling statio

Published 01 Jan, 2011 12:00am

Taxation bitter pill but vital for economy boost: Kaira

Minister for Information and Broadcasting, Qamar Zaman Kaira on Friday said that taxation is a bitter pill but is of utmost importance for economic development. Talking to media outside Parliament House here, Kaira said that imposition of new taxes was ne

Published 01 Jan, 2011 12:00am

Flood-hit areas: farmers demand early rehabilitation of agriculture land

Small farmers from across the country on Friday held protest rally here to press the government for their demand of early rehabilitation of agricultural land in the flood-hit areas. They demanded that food must be provided to poor farming families for at

Published 01 Jan, 2011 12:00am

CSB considers promotions to BPS-21

The Central Selection Board, which met here on Friday, considered the promotion of BPS-19 and BPS-20 officers to the next grade. Chairman CSB, Justice Rana Bhagwandas, who is also Chairman of Federal Public Service Commission, presided over the meeting.

Published 01 Jan, 2011 12:00am

III

The Pakistan Senior Citizen Association has expressed its profound sense of sorrow and grief on the sad demise of MA Zuberi at its meeting held under the chairmanship of association's president Iqbal Hussain.

Published 01 Jan, 2011 12:00am

Turkish 2011 gold imports seen around 50 tonnes

Turkey's gold imports are expected to rise to around 50 tonnes next year from 42.4 this year, still far below pre-crisis levels as high prices and low jewellery demand keep scrap supply high, Istanbul Gold Exchange Chairman Osman Sarac told Reuters.

Published 01 Jan, 2011 12:00am

Oil hits 26-month high to end 2010 up 15 percent

Oil prices hit a 26-month high over $92 a barrel on Friday, closing the year up 15 percent on expectations that the economic recovery will drive demand growth next year and send prices into triple digits. Strong growth from Asia, especially China, and a r

Published 01 Jan, 2011 12:00am

Copper wraps 2010 with run of records

Copper jumped 2 percent on Friday to end 2010 at a record high, with analysts pointing to undimmed demand from China and the prospect of fresh fund investment beckoning further gains in the year ahead. After a year of divergence for the base metals comple

Published 01 Jan, 2011 12:00am

US copper rises

Copper rose on Thursday, touching a record high, with a weaker dollar and projections of tight supplies keeping the industrial metal on track to finish 2010 with a rise of almost 30 percent. US copper futures' most active contract, March, finished up 1.2

Published 01 Jan, 2011 12:00am

Shanghai copper soars

Shanghai copper traded at a 41-month high on Friday, with investors looking to tightening supplies to sustain the rally through the new year. Shanghai metal rose to 71,970 yuan, its strongest since mid-2007. Prices later retreated to 441 cents/lb on COMEX

Published 01 Jan, 2011 12:00am

Commodities stocks to get fresh boost in 2011

Robust demand from emerging markets and a loose US monetary policy should boost commodity shares in 2011, though base metals could face a short-term hit as China acts to cap inflation, a senior equity trader said. Daniel Harris, head of dealing at London-

Published 01 Jan, 2011 12:00am

New York sugar tumbles

Raw sugar futures on ICE got thrashed to close down 10 percent on Thursday after posting their biggest intraday percentage decline in more than a decade as investors grabbed for the cash and ran for the exits on 2010. The arabica coffee and cocoa markets

Published 01 Jan, 2011 12:00am

New York cotton surges 91.5 percent in 2010

Benchmark US cotton futures rose 1.97 cent on Friday to close at $1.4481 per lb, finishing an historic year when prices reached their highest in a century and a half, with a yearly gain of 91.50 percent. While cotton was off its peak, the outlook for 2011

Published 01 Jan, 2011 12:00am

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 01 Jan, 2011 12:00am

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 01 Jan, 2011 12:00am

Guilty taxmen must be punished

According to media reports, the Directorate General Internal Audit Inland Revenue has retrieved nearly Rs 17 billion out of a total detected amount of Rs 28 billion. The department further claims in a report that it recovered 6.6 billion rupees pertaining

Published 01 Jan, 2011 12:00am

Government's approach to blasphemy laws

Speaking in the National Assembly on Wednesday, the Religious Affairs Minister, Khurshid Shah informed the House that the government had no intention to repeal or make changes in the blasphemy laws. Distancing the government from a bill that a PPP leader,

Published 01 Jan, 2011 12:00am

Reason and power in economic policies?

In the civil service, the tendency now is to take orders as they come and to meet the requirements of the powerbase. That has led to many difficulties for the civil servants and they find themselves at the wrong end of the stick. The result is a growing t

Published 01 Jan, 2011 12:00am

Microfinance crisis in India: Pakistan can avoid spillovers through proactive approach

The Andra Pradesh (AP) microfinance crisis is in many ways a setback to the microfinance movement and will require a lot of internal reviews to restore confidence with global stakeholders.

Published 01 Jan, 2011 12:00am

Web helps revival of old Arabic poetry in Lebanon

Zajal, an old form of improvised Arabic poetry that enjoyed its heyday in Lebanon before the 1975-1990 civil war, is making a tentative comeback with thousands of fans on Facebook and YouTube.

Published 01 Jan, 2011 12:00am

M A Zuberi

M A Zuberi was a highly respected person amongst the business circle and was a positive role model and inspiration to many. I had the honour of knowing him and was very sad to hear about his sudden demise.

Published 01 Jan, 2011 12:00am

II

I and my colleagues at Gallup Pakistan are very sorry to hear of the passing away of M A Zuberi. Indeed he lived a life of great accomplishment and inspiration.

Published 01 Jan, 2011 12:00am

Nepal's peace process at a crossroads: Ban

Nepal's peace process is at a crossroads, the head of the United Nations has warned, just two weeks before the planned closure of a UN peace mission in the troubled country. UN Secretary General Ban Ki-moon said the lack of progress in the peace process t

Published 01 Jan, 2011 12:00am

129 years on, Richardson denies pardon to Billy the Kid

New Mexico Governor Bill Richardson announced Friday he would not issue a posthumous pardon for Billy the Kid, the most infamous of the Wild West outlaws shot dead by a lawman 129 years ago. Richardson has said he has been investigating Billy the Kid sinc

Published 01 Jan, 2011 12:00am

200,000 people affected by flooding in Australia

More than 200,000 people have been affected by relentless flooding in north-east Australia, with the flood zone now stretching over an area bigger than France and Germany combined, officials said Friday. Thousands of homes and businesses across Queensland

Published 01 Jan, 2011 12:00am

Sri Lanka to scrap visa on arrival

Sri Lanka has revived plans to scrap the visa on arrival for foreigners, except Maldivians and Singaporeans, and will launch an on-line visa application system, officials said Friday. The government was to discontinue granting landing permits from October

Published 01 Jan, 2011 12:00am

94 journalists killed in 2010

At least 94 journalists died in violence this year, the International Federation of Journalists said Friday, adding that Pakistan was the most dangerous place in 2010 for media workers. "Journalists and media personnel remain prime targets for political e

Published 01 Jan, 2011 12:00am

Stem cell research breaks new ground in 2010

Two US companies this year broke new ground by winning regulatory approval to start the first experiments using embryonic stem cells on humans suffering from spinal cord injury and blindness. The potent but hotly debated cells can transform into nearly an

Published 01 Jan, 2011 12:00am

Zimbabweans queue to meet South African visa deadline

Queues stretched for kilometres at immigration offices in South Africa on Friday as thousands of Zimbabweans tried to meet a year-end deadline to file papers for legalising their stay in the country. South Africa allowed hundreds of thousands from Zimbabw

Published 01 Jan, 2011 12:00am

Ukraine sends highly enriched uranium to Russia

Ukraine has sent a "significant portion" of its highly enriched uranium stock to Russia, in line with a deal with the United States aimed at preventing nuclear terrorism, the Ukrainian Foreign Ministry said on Friday. Kiev, which voluntarily gave up the n

Published 01 Jan, 2011 12:00am

Road accidents in Thailand kill 79

Road accidents claimed 79 lives in Thailand's first two of the deadly days of New Year's driving, officials said Friday. On Wednesday and Thursday, 1,012 road accidents occurred on Thailand's highways, killing 79 people and injuring 1,095, according to go

Published 01 Jan, 2011 12:00am

Spectacular Sydney fireworks kick off global New Year party

Sydney's Harbour Bridge exploded in a spectacular blaze of New Year fireworks Friday as people around the globe began welcoming in 2011 with a glittering array of parties. A fiery waterfall plunged from the landmark Australian structure as seven tonnes of

Published 01 Jan, 2011 12:00am

Thousands in Northern Ireland to start new year without water

Up to 4,500 homes in Northern Ireland were going into the new year without running water but the shortages which have affected much of the British province improved on Friday. Some 40,000 homes and businesses were deprived of water supplies at the height

Published 01 Jan, 2011 12:00am

Hu pledges a peaceful, cooperative China in 2011

Chinese President Hu Jintao said in a New Year's Eve address on Friday China would adhere to the path of peaceful development and would always seek to cooperate when facing global problems. Hu's annual address broadcast by state television appeared to be

Published 01 Jan, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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