News Archives for Print - 2011-01-03

Cotton prices fluctuate, business volume remains on lower side; much depends on import from India

Up and down conditions marked on the cotton market where spot rate state at Rs 9000 most of the time though in ready both ways movements were often seen.

Published 03 Jan, 2011 12:00am

Cotton prices fluctuate, business volume remains on lower side; much depends on import from India

Up and down conditions marked on the cotton market where spot rate state at Rs 9000 most of the time though in ready both ways movements were often seen.

Published 03 Jan, 2011 12:00am

Eight alleged terrorists arrested

The Karachi Police arrested 8 alleged high-profile terrorists involved in series of targeted killings in the city. "The arrests have been from different parts of the city and they belong a banned organisation," said Capital City Police Officer (CCPO), Fay

Published 03 Jan, 2011 12:00am

Begum Tazeen Faridi passes away

The patron of All Pakistan Women's Association (APWA), Begum Tazeen Faridi, passed away on Sunday after a brief illness. She was about 90 years of age. An official of APWA said that the burial would take place on Monday. Begum Faridi had also served as th

Published 03 Jan, 2011 12:00am

Swine flu incidence on the rise in Karachi

With the dengue virus scare just ended, the swine flu incidence have flared up in the city, as one, Iftikharullah, resident of North Nazimabad, has died of the disease on Saturday night at a local hospital.

Published 03 Jan, 2011 12:00am

Faysal Bank, RBS Pakistan merge

Faysal Bank Limited announced the merger of The Royal Bank of Scotland Limited (RBS Pakistan) into Faysal Bank Limited. This merger has been completed in record time, within three months of acquiring controlling interest. All RBS Pakistan branches have be

Published 03 Jan, 2011 12:00am

MONEY WEEK: 2011 agenda: out of the box thinking

There are voices of hyperinflation, out of control fiscal deficit, power crisis and subdued growth. While the world is coming out of crisis, our home-grown problems are making it hard to pull out of the abyss.

Published 03 Jan, 2011 12:00am

Grams, Irri Sindh-6, cottonseed oilcake depict firmer trend on commodities market

Yellow peas Canada, yellow peas dal from Ukraine, Irri Sindh, cotton cakes, showed firmer trend, as world price too remain on the higher side during the week ended on January 1, 2011. Sindh Government had declared local holiday on opening day and hence mo

Published 03 Jan, 2011 12:00am

'Government to take indiscriminate action against outlaws'

Advisor to Sindh Chief Minister for Information, Ms. Sharmila Farooqi has said that the government intends to take indiscriminate action against all criminal elements. This she said while talking to media at an exhibition held in Clifton here, said a stat

Published 03 Jan, 2011 12:00am

Afghan envoys head to Pakistan for peace talks

Afghan efforts to broker peace with the Taliban enter a new phase this week with the first scheduled visit of envoys to Islamabad, part of a growing recognition that the process hinges on Pakistan.

Published 03 Jan, 2011 12:00am

Rs 11 billion bail-out package for Railways: Hafeez to quiz Bilour before handing over

Finance Minister Abdul Hafeez Shaikh will reportedly quiz Minister for Railways Ghulam Ahmad Balour before extending the bail-out package of Rs 11 billion to Pakistan Railways. According to official documents, available with Business Recorder, the Cabinet

Published 03 Jan, 2011 12:00am

Foggy weather continues: cold, dry spell predicted

Met office has forecast cold and dry weather over most parts of the country on Monday (today) and predicted that there would be no rain during the next few days. However, dense foggy conditions are likely to continue over the plain areas of Punjab, centra

Published 03 Jan, 2011 12:00am

Life comes to a standstill as fog blankets Multan

Life in South Punjab especially in land areas, including Bahawalpur, Dera Ghazi Khan and Multan, came to a standstill on Sunday as dense mist blanketed all over the province, badly disrupting activities of daily life.

Published 03 Jan, 2011 12:00am

Moot on Chemistry today

A conference on Chemistry and its role in Science is being organised by the Jinnah University for Women at its premises here from January 3. An official of the institution said on Sunday that the Director General of Pakistan Science Foundation (PSF), Prof

Published 03 Jan, 2011 12:00am

MoF asked to abolish FED, SED on cement

The Cement manufacturer have asked the Ministry of Finance to immediately abolish the federal excise duty (FED) and the special excise duty (SED) on the cement to save the industry from crises due to heavy incidence of taxation and procedural problems in

Published 03 Jan, 2011 12:00am

Inching towards hyperinflation?

A worried and agitated Dr Hafeez Pasha has warned about the consequences of the out of control government expenditures, coupled with the lack of effort to raise revenues. Speaking at the 26th annual general meeting of the Pakistan Institute of Development

Published 03 Jan, 2011 12:00am

Increased seafood exports

The export sector has some good news to report. According to a State Bank report, Pakistan's seafood exports rose by 37 percent during the July-November period this year, fetching $96.87 million as against $70.73 million for the same period last year. The

Published 03 Jan, 2011 12:00am

A senseless debate

The government has succeeded in convincing the International Monetary Fund (IMF) to grant the Stand-By Arrangement (SBA) an extension of nine months. The question is: does this reflect the persuasive skills of our economic team or is it reflective of cont

Published 03 Jan, 2011 12:00am

End of another decade of economic weakening

Earlier, the economic history of Pakistan showed a remarkable picture of growth and other socio-economic indicators, which can be considered as an economic miracle. The growth in economic indicators since 1947 to the late 1960s was much better as compared

Published 03 Jan, 2011 12:00am

China's move to ban Skype rattles consumers

Beijing has declared war on unlicensed online telephone service providers, including Skype, but blocking the popular programmes will be a challenge even for the communist country's Great Firewall.

Published 03 Jan, 2011 12:00am

Political ping-pong

In the 1980s, the army establishment supported PML, religious parties and formed MQM. It opposed PPP and ANP. In the 1990s, the army establishment sometimes supported and sometimes opposed PML, PPP. It opposed MQM and ANP.

Published 03 Jan, 2011 12:00am

Electricity blues

Massive electricity loadshedding has made a comeback, haunting the consumers countrywide, who are already bearing the brunt of gas loadshedding. Citing canal closure the reason for power shortage of 1,500 MW, PEPCO says it has to resort to load management

Published 03 Jan, 2011 12:00am

PEW proposes alternate energy development ministry

The Pakistan Economy Watch (PEW) on Sunday proposed a ministry for development of alternate energy in Pakistan. Alternative Energy Development Board (AEDB), staffed with around 100 people and a budget of mere 61.6 million leaves much to be desired, it sai

Published 03 Jan, 2011 12:00am

19th Amendment averted negative politics: Minister

Senior Minister Rahimdad Khan said on Sunday that 19th amendment has averted constitutional confrontation and would strengthen democratic institutions in the country. Talking to APP here Sunday, he said that 19th amendment has buried the politics of confr

Published 03 Jan, 2011 12:00am

Lyari Expressway project: CDGK directed to begin removal of encroachment

District Co-ordination Officer Karachi, Muhammad Hussain Syed, has directed city government to start work, from Monday, for removal of encroachment from the north-bound area of Lyari Expressway so that the development work on this project could proceed fu

Published 03 Jan, 2011 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 03 Jan, 2011 12:00am

Bank: BANK AL-HABIB LIMITED - Analysis of Financial Statements Financial Year 2004 - 3Q Financial Year 2010

Bank Al-Habib Limited provides various financial products and services in Pakistan. It offers consumer, commercial and Islamic banking services.

Published 03 Jan, 2011 12:00am

Bank: BANK AL-HABIB LIMITED - Analysis of Financial Statements Financial Year 2004 - 3Q Financial Year 2010

Bank Al-Habib Limited provides various financial products and services in Pakistan. It offers consumer, commercial and Islamic banking services.

Published 03 Jan, 2011 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 27 to 31 2010)

Published 03 Jan, 2011 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2010)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 03 Jan, 2011 12:00am

The Weather

The weather report on Sunday (January 02, 2011) and the forecast for Monday (January 03, 2011).

Published 03 Jan, 2011 12:00am

Iran shoots down two 'Western spy' drones

Iran's Revolutionary Guards have shot down two "Western spy" drones in the Gulf, the Fars news agency quoted a top commander of the elite military force as saying on Sunday. "Westerners have a series of capabilities which cannot be ignored, especially sat

Published 03 Jan, 2011 12:00am

Iran shoots down two 'Western spy' drones

Iran's Revolutionary Guards have shot down two "Western spy" drones in the Gulf, the Fars news agency quoted a top commander of the elite military force as saying on Sunday. "Westerners have a series of capabilities which cannot be ignored, especially sat

Published 03 Jan, 2011 12:00am

THE RUPEE: New Year begins on a happy note

The rupee recovered some lost ground against dollar on the currency market during the shortened week ended on Friday, December 31, 2010 due to bank closing on January 1, 2011. On the inter-bank market, the rupee appreciated by 19 paisa versus dollar for b

Published 03 Jan, 2011 12:00am

THE RUPEE: New Year begins on a happy note

The rupee recovered some lost ground against dollar on the currency market during the shortened week ended on Friday, December 31, 2010 due to bank closing on January 1, 2011. On the inter-bank market, the rupee appreciated by 19 paisa versus dollar for b

Published 03 Jan, 2011 12:00am

Year 2011 doesn't look very promising - I

John Maynard Keynes taught us how, through lower interest rates and increased government spending, countries can ensure that the economy operates near or at full employment. Unfortunately, however, none of our policymakers in the realms of politics and fi

Published 03 Jan, 2011 12:00am

Year 2011 doesn't look very promising - I

John Maynard Keynes taught us how, through lower interest rates and increased government spending, countries can ensure that the economy operates near or at full employment. Unfortunately, however, none of our policymakers in the realms of politics and fi

Published 03 Jan, 2011 12:00am

Wahgah border: MoC urged to ensure cotton, PSF import from India

The All Pakistan Textile Mills Association (Aptma) has urged the Commerce Ministry to ensure import of all types of cotton and polyester fibre (PSF) from India through Wahgah border, official sources told Business Recorder.

Published 03 Jan, 2011 12:00am

Wahgah border: MoC urged to ensure cotton, PSF import from India

The All Pakistan Textile Mills Association (Aptma) has urged the Commerce Ministry to ensure import of all types of cotton and polyester fibre (PSF) from India through Wahgah border, official sources told Business Recorder.

Published 03 Jan, 2011 12:00am

Wahgah border: MoC urged to ensure cotton, PSF import from India

The All Pakistan Textile Mills Association (Aptma) has urged the Commerce Ministry to ensure import of all types of cotton and polyester fibre (PSF) from India through Wahgah border, official sources told Business Recorder.

Published 03 Jan, 2011 12:00am

Relocation of CNG stations by Ogra: Prime Minister, MoP take serious notice

Prime Minister Yousuf Raza Gilani and the Ministry of Petroleum and Natural Resources have taken serious notice of the unilateral decision by the Chairman of the Oil and Gas Regulatory Authority (Ogra), Tauqeer Sadiq, to allow provisional licensees change

Published 03 Jan, 2011 12:00am

Relocation of CNG stations by Ogra: Prime Minister, MoP take serious notice

Prime Minister Yousuf Raza Gilani and the Ministry of Petroleum and Natural Resources have taken serious notice of the unilateral decision by the Chairman of the Oil and Gas Regulatory Authority (Ogra), Tauqeer Sadiq, to allow provisional licensees change

Published 03 Jan, 2011 12:00am

Relocation of CNG stations by Ogra: Prime Minister, MoP take serious notice

Prime Minister Yousuf Raza Gilani and the Ministry of Petroleum and Natural Resources have taken serious notice of the unilateral decision by the Chairman of the Oil and Gas Regulatory Authority (Ogra), Tauqeer Sadiq, to allow provisional licensees change

Published 03 Jan, 2011 12:00am

ATT through Gwadar need of the hour: Raisani

Chief Minister Balochisan, Nawab Muhammad Aslam Raisani said Afghan Transit Trade through Gwadar Deep Sea Port could promote trade and business in Balochistan besides opening new opportunities for employment. Talking to media persons here on Sunday, he sa

Published 03 Jan, 2011 12:00am

ATT through Gwadar need of the hour: Raisani

Chief Minister Balochisan, Nawab Muhammad Aslam Raisani said Afghan Transit Trade through Gwadar Deep Sea Port could promote trade and business in Balochistan besides opening new opportunities for employment. Talking to media persons here on Sunday, he sa

Published 03 Jan, 2011 12:00am

ATT through Gwadar need of the hour: Raisani

Chief Minister Balochisan, Nawab Muhammad Aslam Raisani said Afghan Transit Trade through Gwadar Deep Sea Port could promote trade and business in Balochistan besides opening new opportunities for employment. Talking to media persons here on Sunday, he sa

Published 03 Jan, 2011 12:00am

MQM to sit in opposition

The second largest coalition partner, Muttahida Qaumi Movement (MQM), on Sunday quit the government to join the opposition. The decision to quit the government was taken in a joint meeting of the MQM Rabita Committee London and Pakistan held at the party'

Published 03 Jan, 2011 12:00am

MQM to sit in opposition

The second largest coalition partner, Muttahida Qaumi Movement (MQM), on Sunday quit the government to join the opposition. The decision to quit the government was taken in a joint meeting of the MQM Rabita Committee London and Pakistan held at the party'

Published 03 Jan, 2011 12:00am

Government not falling, says Gilani

Prime Minister Yousuf Raza Gilani on Sunday tried to appear confident and calm after the MQM's announcement to join opposition in the Parliament. Prime Minister told journalists in Lahore, "The government is not going to fall." "I was unanimously elected,

Published 03 Jan, 2011 12:00am

Government not falling, says Gilani

Prime Minister Yousuf Raza Gilani on Sunday tried to appear confident and calm after the MQM's announcement to join opposition in the Parliament. Prime Minister told journalists in Lahore, "The government is not going to fall." "I was unanimously elected,

Published 03 Jan, 2011 12:00am

Index up 164.29 points

The persisting foreign investors' interest supported the KSE-100 index to register an increase of 164.29 points during the week ended on December 31, 2010, to close at 12,022.46 points. Trading also improved and the average daily volume at ready counter i

Published 03 Jan, 2011 12:00am

Index up 164.29 points

The persisting foreign investors' interest supported the KSE-100 index to register an increase of 164.29 points during the week ended on December 31, 2010, to close at 12,022.46 points. Trading also improved and the average daily volume at ready counter i

Published 03 Jan, 2011 12:00am

Index up 164.29 points

The persisting foreign investors'' interest supported the KSE-100 index to register an increase of 164.29 points during the week ended on December 31, 2010, to close at 12,022.46 points. Trading also improved and the average daily volume at ready counter

Published 03 Jan, 2011 12:00am

Futures open interest up by 29.5 percent

Total open interest position at the futures counter increased by 29.5 percent during the outgoing week ended on December 31, 2010 to Rs 1.41 billion. On the other hand, the future spreads surged by 122bps on week-on-week basis 4.51 percent.

Published 03 Jan, 2011 12:00am

Futures open interest up by 29.5 percent

Total open interest position at the futures counter increased by 29.5 percent during the outgoing week ended on December 31, 2010 to Rs 1.41 billion. On the other hand, the future spreads surged by 122bps on week-on-week basis 4.51 percent.

Published 03 Jan, 2011 12:00am

Futures open interest up by 29.5 percent

Total open interest position at the futures counter increased by 29.5 percent during the outgoing week ended on December 31, 2010 to Rs 1.41 billion. On the other hand, the future spreads surged by 122bps on week-on-week basis 4.51 percent.

Published 03 Jan, 2011 12:00am

Futures open interest up by 29.5 percent

Total open interest position at the futures counter increased by 29.5 percent during the outgoing week ended on December 31, 2010 to Rs 1.41 billion. On the other hand, the future spreads surged by 122bps on week-on-week basis 4.51 percent.

Published 03 Jan, 2011 12:00am

Nawaz won't let democratic system to derail: Prime Minister

Prime Minister Syed Yousuf Raza Gilani said here on Sunday that the government was not in a crisis and it would complete its constitutional term. Talking to media at the Walima ceremony of the son of Jamaat-e-Islami leader Liaquat Baloch, he said that the

Published 03 Jan, 2011 12:00am

Taimur may replace Mansoor as Information Secretary

The government is likely to replace Information Secretary Mansoor Sohail with Taimur Azmat, who is at present working as Additional Secretary in Presidency, sources told Business Recorder. They said that posting and transfer orders of the new Infor

Published 03 Jan, 2011 12:00am

Taimur may replace Mansoor as Information Secretary

The government is likely to replace Information Secretary Mansoor Sohail with Taimur Azmat, who is at present working as Additional Secretary in Presidency, sources told Business Recorder. They said that posting and transfer orders of the new Infor

Published 03 Jan, 2011 12:00am

Grand Imam of Al-Azhar accuses Pope of meddling

Egypt's top Muslim cleric on Sunday criticised Pope Benedict XVI's call for world leaders to defend Christians as interference in his country's affairs, the official MENA news agency reported.

Published 03 Jan, 2011 12:00am

Grand Imam of Al-Azhar accuses Pope of meddling

Egypt's top Muslim cleric on Sunday criticised Pope Benedict XVI's call for world leaders to defend Christians as interference in his country's affairs, the official MENA news agency reported.

Published 03 Jan, 2011 12:00am

Turkey to build 2,120 houses for flood survivors

A Memorandum of Understanding (MoU) has been signed between Turkey and the government of Punjab to construct 2,120 modern houses in the floods affected districts. In this regard the ceremony of signing of MoU was held in the committee room of Board of Rev

Published 03 Jan, 2011 12:00am

Gas supply to Wapda's thermal powerhouses reduced substantially

Further short supply of gas to thermal powerhouses of Water and Power Development Authority (WAPDA) has reduced thermal electricity from 15,000 MW to 8530 MW, PEPCO spokesman Shafqat Jalil told Business Recorder here on Sunday.

Published 03 Jan, 2011 12:00am

Pakistan is ready for meaningful dialogue with India: foreign office

Foreign Office Spokesman Abdul Basit said on Sunday that the Kashmir issue must be resolved in accordance with the aspirations of the Kashmiris and the United Nation (UN) resolutions.

Published 03 Jan, 2011 12:00am

SLIC announces 50 percent ad hoc allowance

State Life Insurance Corporation of Pakistan (SLIC) announced adhoc allowance rate of 50 percent of the basic pay for officers and staff with effect July 1, 2010.

Published 03 Jan, 2011 12:00am

Arif Mahmood promoted as DG PMD

Chief Meteorologist Arif Mahmood has been promoted as Director General of Pakistan Meteorological Department (PMD). The Federal Central Selection Board has promoted Arif Mahmood, Chief Meteorologist (BS-20) as PMD Director General (BS-21). He has been ser

Published 03 Jan, 2011 12:00am

Tribal elders appreciate district administration's drive against encroachment

The tribal elders here Sunday welcomed the anti- encroachment campaign by district administration with the assistance of army for addressing the problems of traffic jam and providing better clean environment to people of this region.

Published 03 Jan, 2011 12:00am

Completion of uplift projects to bear fruits: Minister

Balochistan Minister for BDA Haji Muhammad Nawaz has said completion of ongoing development works to bring progress and prosperity in Balochistan. According to a statement issued on Sunday, he said his party Jamiat Ulema-i-Islam believed in serving masses

Published 03 Jan, 2011 12:00am

50-paisa scheme launched for orphans: Zamarud Khan

Managing Director of Pakistan Bait-ul-Maal Zamarud Khan has said that a scheme has been launched for the orphans of the country under which every citizen should contribute only 50-paisa daily for the welfare of orphans. He was speaking in 'APNA Pakistan'

Published 03 Jan, 2011 12:00am

Former government blamed for Balochistan woes

Balochistan Minister for Communication and Works Mir Sadiq Umrani has said current law and order situation of Balochistan was the result of the wrong policies of the former government. According to a statement issued on Sunday, he said wrong policies adop

Published 03 Jan, 2011 12:00am

Over 95 percent wheat sowing target achieved in Punjab: Aulakh

The Punjab Agriculture Department has so far successfully achieved 95 percent wheat sowing against a total target of 16.89 million acres of land in the province.

Published 03 Jan, 2011 12:00am

150mw plant to be set up in Punjab

Punjab Chief Minister Shahbaz Sharif has said that his visit to Turkey has been successful in every respect, and a number of agreements of co-operation for development of various sectors were signed between Punjab government and Turkey.

Published 03 Jan, 2011 12:00am

Farzana Raja distributes cheques among 129 families

Chairperson of Income support Programme (BISP) Farzana Raja distributed cheques under Waseela-e-Haq initiative among 120 families at D G Khan on Sunday.

Published 03 Jan, 2011 12:00am

Health department appoints faculty in new colleges

The health department of Punjab has appointed faculty members in the newly established medical colleges of the province. District Headquarter Hospitals (DHQs) have been attached with these medical colleges and would function there as teaching hospitals, s

Published 03 Jan, 2011 12:00am

Tractor-trollies, carts: PHP police begin sticking reflector strips due to fog

Punjab Highway Patrolling (PHP) police have started pasting reflector strips on tractor-trollies and carts to keep inter-city roads safe by lessening risk of accidents after fog reduced visibility on highways and elsewhere.

Published 03 Jan, 2011 12:00am

Labour dies of suffocation

A labour died of gas suffocation in Chiltan Town area on Sunday. According to police, the victim was asleep in his room. Due to very low gas pressure, the flames of the gas heater extinguished automatically and the victim identified as Amjad did not pay a

Published 03 Jan, 2011 12:00am

Heart surgeries at Jinnah Hospital 99.5 percent successful

The state of the art Cardiac Department of Jinnah Hospital (JH) has attained 99.50 percent success rate in open heart surgeries, the highest in Pakistan. Medical Superintendent of Jinnah Hospital Dr. Muhammad Hassan told APP on Sunday that "Our cardiac un

Published 03 Jan, 2011 12:00am

Government urged to pass Hindu marriage registration bill

Women belonging to scheduled caste Hindus from Southern Punjab on Sunday held a protest demonstration in front of the Multan Press Club demanding for proper legislation for their marriage registration.

Published 03 Jan, 2011 12:00am

'People stopped from taking part in PTI demonstration'

Pakistan Tehreek-e-Insaf Punjab on Sunday claimed that the government had made efforts to stop the people from taking part in PTI demonstration in Rawalpindi and said the government was afraid of Pakistan Tehreek-e-Insaf due to which they are now using ch

Published 03 Jan, 2011 12:00am

Outgoing IGP calls on chief minister Punjab

The outgoing Inspector General Punjab Police Tariq Salim called on the Punjab Chief Minister Muhammad Shahbaz Sharif here on Sunday.

Published 03 Jan, 2011 12:00am

Surge in POL prices: transporters announce 10 percent raise in fares

Thousands of the daily commuters have been directly hit hard by the unbridled transporters falling beyond the control of the authorities concerned, since the private bus and wagon owners have announced 10 per cent increase in fares across the country on S

Published 03 Jan, 2011 12:00am

Commuters reject increase in transport fares

Millions of daily commuters have rejected 10 percent increase in transport fares by the local transporters and protested against the decision. Many incidents of scuffling and pathetic scenes were observed among passengers and bus conductors on various rou

Published 03 Jan, 2011 12:00am

Save Punjab industry: APBUMA chief concerned about energy crisis

Former Punjab Minister for Industry Khawaja Muhammad Jalaluddin Roomi Chairman of APBUMA has said that the industry in Punjab would wipe out if due facilitation in supply of energy, cut in interest rates and a duty-free market access were not ensured at t

Published 03 Jan, 2011 12:00am

Petroleum products: 'fresh increase to prove catastrophic for economy'

New hike in Petroleum products would drastically increase the cost of production of exportable goods which would become unacceptable to foreign buyers. This will create multiple problems for overall economy and badly hit particularly the industrial sector

Published 03 Jan, 2011 12:00am

DDWP approves 11 development schemes

Divisional Development Working Party (DDWP) has approved 11 development schemes under the programme provision of missing facilities in the institutions of higher education, rehabilitation of rural water supply and peoples works programme.

Published 03 Jan, 2011 12:00am

Business community rejects POL price hike

Multan Chamber of Commerce and Industry (MCCI) has expressed grave concerns over the worst energy crisis, aggregating day by day in the export-oriented city of Multan. It said that the unending prolonged power and gas outages have badly affected industria

Published 03 Jan, 2011 12:00am

Three policemen injured in IED blast

Three policemen sustained injuries when an improvised explosive device (IED) targeting mobile van went off in the limits of Samar Bagh police station here on Sunday, police said.

Published 03 Jan, 2011 12:00am

MML to organise public gathering next month

Muttahida Muslim League (MML) has announced to hold a public gathering in the provincial capital next month in connection with its mass contact campaign. This was announced at a meeting between Awami Muslim League chief, Sheikh Rasheed Ahmad and Pakistan

Published 03 Jan, 2011 12:00am

Minister for completion of canal desilting drive in Punjab

Senior Provincial Minister Raja Riaz Ahmad has directed to ensure completion of canal desilting campaign throughout Punjab and fulfil the set targets of Irrigation Department. He further said that desilting should be completed by January 31 and canals sho

Published 03 Jan, 2011 12:00am

US to deploy new intelligence drone in Afghanistan

The US military plans to deploy a new intelligence drone in Afghanistan, which military experts say will allow US troops to monitor much larger operational theatres than before, The Washington Post reported Sunday. The newspaper said the airborne surveill

Published 03 Jan, 2011 12:00am

Russia suspends some of its workhorse jets after accident

Russian airlines were advised Sunday to ground some of their workhorse Tu-154 airplanes after one burst into flames while it readied for takeoff on a Siberian runway, killing three people. More than 30 people were also injured on Saturday when one of the

Published 03 Jan, 2011 12:00am

Malaysian centenarian ready to wed again

A 110-year-old Malaysian man who has been looking for a wife said he was ready to marry again after an 82-year-old woman responded to his wish, a report said Sunday. Ahmad Mohamad Isa, who has 20 grandchildren and 40 great-grandchildren, told Malay-langua

Published 03 Jan, 2011 12:00am

Qatar, US sign security pact

US Homeland Security Secretary Janet Napolitano and her Qatari counterpart Sheikh Abdullah bin Nasser bin Khalifa al-Thani on Sunday signed a bilateral security accord to boost bilateral co-operation.

Published 03 Jan, 2011 12:00am

African leaders struggle to end deadly Ivory Coast stand-off

Pressure ratcheted up Sunday on Ivory Coast's defiant leader Laurent Gbagbo to quit, as regional mediators launched a fresh round of diplomacy in search of a peaceful solution to the deadly crisis.

Published 03 Jan, 2011 12:00am

Record floods swamp Australia's northeast

Large parts of Australia's coastal northeast disappeared under floodwaters on Sunday in a spreading disaster that has brought some of the highest floods on record and forced thousands from their homes. Queensland State Treasurer Andrew Fraser described th

Published 03 Jan, 2011 12:00am

Kremlin critic Nemtsov jailed

Three Russian opposition leaders received short jail terms on Sunday for "disobedience towards police" after a rally, a party spokesman said, a sign of a new crackdown on critics of the Kremlin.

Published 03 Jan, 2011 12:00am

Hong Kong democracy icon Szeto Wah dies at 79

One of Hong Kong's most influential democracy campaigners, Szeto Wah, has died at 79. Known by many in Hong Kong as Uncle Wah, the veteran activist had been in hospital for several months after being diagnosed with lung cancer.

Published 03 Jan, 2011 12:00am

Iran shops banned from selling Valentine gifts

Shops in Iran have been banned from selling Valentine cards and gifts as the traditional lovers' day gains increasing popularity in the Islamic republic, the ILNA news agency reported on Sunday. "In the run-up to Valentine's Day on February 14 the printin

Published 03 Jan, 2011 12:00am

Israel preparing for 'large scale war' in Middle East: cable

Israel's army chief told a US Congress delegation in late 2009 he was preparing for a large war in the Middle East, probably against Hamas or Hezbollah, leaked US diplomatic cables showed Sunday.

Published 03 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

Most Popular