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Print - 2011-01-21
Police fire shots to disperse new Tunis protest

Police fire shots to disperse new Tunis protest

Tunisian police fired shots into the air on Thursday to try to disperse hundreds of protesters demanding that ministers associated with the rule of ousted president Zine al-Abidine Ben Ali leave the government. The protesters, who gathered outside the Tun
Published 21 Jan, 2011 12:00am
Britain scraps 28-day terror detention

Britain scraps 28-day terror detention

The British government said Thursday it will give up a controversial power that allows terror suspects to be held for 28 days without charge, after a major review of counter-terror measures. Home Office Minister Damian Green told lawmakers that the order,
Published 21 Jan, 2011 12:00am
Seoul agrees to talks with North Korea

Seoul agrees to talks with North Korea

South Korea agreed on Thursday to a North Korean offer of high-level military talks, a major breakthrough in the crisis on the peninsula which improves the prospect of renewed aid-for-disarmament negotiations. Hours after US President Barack Obama and Chi
Published 21 Jan, 2011 12:00am
Obama approval rating jumps: poll

Obama approval rating jumps: poll

US President Barack Obama has ridden a surge of support this month to reclaim an approval rating above the symbolic 50-percent threshold for the first time since mid-2009, a new poll has found. On the two-year anniversary of Obama's historic inauguration,
Published 21 Jan, 2011 12:00am
Man admits illegal military export to South Korea

Man admits illegal military export to South Korea

A Korean-born former NASA employee has pleaded guilty to illegally shipping night-vision rifle scope equipment to South Korean companies. Sixty-six-year-old Kue Sang Chun entered the plea Thursday to two counts in Cleveland federal court. Sentencing is sc
Published 21 Jan, 2011 12:00am
Israeli president's wife Sonya dies

Israeli president's wife Sonya dies

Sonya Peres, the fiercely private, estranged wife of Israeli President Shimon Peres, died Thursday in Tel Aviv. She was 88. Her son-in-law and physician, Dr Raphael Walden, told Israel Radio she died peacefully in her sleep. Born Sonya Gelman in Ukraine,
Published 21 Jan, 2011 12:00am
FBI smashes huge alleged New York mafia ring

FBI smashes huge alleged New York mafia ring

FBI agents arrested around 100 alleged mafia members in and around New York early Thursday in a massive crackdown on the region's infamous Cosa Nostra network, authorities said. "It was very broad scope," New York federal court spokesman Robert Nardoza to
Published 21 Jan, 2011 12:00am
Protests erupt in Yemen, president offers reform

Protests erupt in Yemen, president offers reform

Thousands of protesters took to the streets of a town in southern Yemen on Thursday to reject proposed political reform by the government, including a limit on presidential terms. The government announced its reform plans in the face of growing discontent
Published 21 Jan, 2011 12:00am
2010 tied for warmest year on record: UN

2010 tied for warmest year on record: UN

The warmest year on record is a three-way tie: 2010, 2005 and 1998. So says the UN weather agency, providing further evidence Thursday that the planet is slowly but surely heating up. Average temperatures globally last year were 0.95 degrees Fahrenheit (0
Published 21 Jan, 2011 12:00am
Palestinian killed

Palestinian killed

A Palestinian was shot dead Thursday in an exchange of fire with Israeli troops at an army post in the northern West Bank, security sources on both sides said. The Israeli military said the man had approached the post near the settlement of Mevo Dotan and
Published 21 Jan, 2011 12:00am
Castro admits mistakes were made

Castro admits mistakes were made

Revolutionary standard-bearer Fidel Castro admitted Thursday that Cuba's leaders had made mistakes over the years but insisted they had never betrayed their communist ideals. Castro's acknowledgement comes at a time when his brother Raul is directing wren
Published 21 Jan, 2011 12:00am
US lawmakers press Hu on North Korea, rights

US lawmakers press Hu on North Korea, rights

US lawmakers pressed Chinese President Hu Jintao to get tough on North Korea and improve human rights on Thursday but trod more softly on the currency dispute that is a major irritant between the world's top two economies. Hu was urged by President Barack
Published 21 Jan, 2011 12:00am
Nato supply through Torkham: National Assembly body seeks detail

Nato supply through Torkham: National Assembly body seeks detail

National Assembly Standing Committee on States and Frontier Regions (SAFRON) Thursday sought details regarding understanding reached with Nato for supply of goods through Torkham border and also recommended that toll tax should be levied on the containers
Published 21 Jan, 2011 12:00am
Prime Minister approves Rs 30 million each for Fata's MNA's

Prime Minister approves Rs 30 million each for Fata's MNA's

Prime Minister Syed Yousuf Raza Gilani on Thursday approved the provision of Rs 30 million for each MNA representing Fata for identification of public welfare projects which should directly benefit the common man in the region. He asked the MNAs from Fede
Published 21 Jan, 2011 12:00am
FBR differs with figures given in AGP report

FBR differs with figures given in AGP report

The Federal Board of Revenue (FBR) has differed with the figures given by the Auditor General of Pakistan (AGP) in report titled, "Performance Audit" (Withholding Tax), as the withholding tax loss of Rs 29 billion did not take into account exemptions avai
Published 21 Jan, 2011 12:00am
ACCA organising Talent Gymnasium 2011

ACCA organising Talent Gymnasium 2011

The ACCA Pakistan is organising Talent Gymnasium 2011 that would provide a unique platform for dual objectives of honing professional skills of finance and accounting trainees and bringing together ACCA's key employers and talented trainees. The event wil
Published 21 Jan, 2011 12:00am
Precautionary measures fail to check ATTA misuse: FTO

Precautionary measures fail to check ATTA misuse: FTO

The Federal Tax Ombudsman (FTO) has observed that the existing precautionary measures have failed to check organised fraud and manipulation during transit of containers to Afghanistan under the transit trade facility. It is learnt here on Thursday that th
Published 21 Jan, 2011 12:00am
Immunity to those who violate traffic rules

Immunity to those who violate traffic rules

Islamabad residents are routinely subjected to display of bad manners by foreigners often violating traffic rules under the umbrella of diplomatic immunity. The number plates, however, do not indicate whether the driver/owner of the car is a diplomat or n
Published 21 Jan, 2011 12:00am
PSM to come out of losses by the end of December 2011

PSM to come out of losses by the end of December 2011

Pakistan Steel Mill (PSM) would come out from losses till the end of December 2011. Acting Chief Executive Officer of PSM, Imtiaz Ahmed Khan Lodhi told Senate Standing Committee on Industries and Production on Thursday. The Committee met with Senator Moha
Published 21 Jan, 2011 12:00am
LHC disposes of petition against barricades

LHC disposes of petition against barricades

The Lahore High Court (LHC) here on Thursday disposed of a petition challenging blockade of thoroughfare outside Minhajul Quran Institute of Dr Tahirul Qadri as Division Superintendent of Model Town Police informed the court that barricades had been remov
Published 21 Jan, 2011 12:00am
US puts Tehrik-e Taliban Pakistan leader on terrorist blacklist

US puts Tehrik-e Taliban Pakistan leader on terrorist blacklist

The United States (US) on Thursday placed Tehrik-e Taliban Pakistan (TTP) leader Qari Hussain on a terrorism blacklist, with the State Department saying the action against the militant leader is "in response to the wanton acts of violence he has perpetrat
Published 21 Jan, 2011 12:00am
Royal air force chief visits Air headquarters

Royal air force chief visits Air headquarters

Chief of the Air Staff, Royal Air Force Air Chief Marshal Sir Stephen Dalton along with delegation visited Air Headquarters on Thursday. On his arrival at Air Headquarters, Chief of the Air Staff Pakistan Air Force Air Chief Marshal Rao Qamar Suleman rece
Published 21 Jan, 2011 12:00am
New York cotton ends near one-month top

New York cotton ends near one-month top

US cotton futures, bucking a commodity-wide selling spree, closed the daily limit up on Thursday on suspected mill and options-related fund buying in the market, dealers said. The key March cotton contract on ICE Futures US climbed the 4.00 cents limit to
Published 21 Jan, 2011 12:00am
US copper slips

US copper slips

Copper retreated from a fresh record high in London on Wednesday, as profit-taking pressures mounted in response to weak US equities and another large build in London inventories. COMEX copper for March delivery sank 5.80 cents or 1.3 percent to settle at
Published 21 Jan, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

London copper prices were steady on Thursday, underpinned by strong Chinese growth data, but inflation in the world's top commodity consumer, and rising stockpiles of copper, weighed on sentiment. Shanghai's benchmark third-month copper futures contract f
Published 21 Jan, 2011 12:00am
Copper tumbles

Copper tumbles

Copper fell to its lowest in around a month on Thursday as the dollar rose on US jobless and home sales data and concerns deepened about China tightening its monetary policy, which would soften demand for metals. Three-month copper on the London Metals Ex
Published 21 Jan, 2011 12:00am
Tokyo and Shanghai rubber futures strike record highs

Tokyo and Shanghai rubber futures strike record highs

Key Tokyo and Shanghai rubber futures hit record highs on Thursday as speculators bet heavily on strong demand and supply shortages in the future. The key Tokyo Commodity Exchange rubber contract for June delivery settled down 0.4 percent, or 1.7 yen, at
Published 21 Jan, 2011 12:00am
New York cocoa jumps to five-month top

New York cocoa jumps to five-month top

Cocoa futures galloped to a five-month high on Wednesday as the collapse of talks to resolve a bitter presidential contest in top grower Ivory Coast stirred fears of supply disruptions from the African country. Sugar was mixed, while coffee dipped as fund
Published 21 Jan, 2011 12:00am
Banks keep commodities risk low

Banks keep commodities risk low

Wall Street banks are not taking the kind of big risks they did in commodities just a few years back, even after one of the biggest commodities rallies in two straight quarters since the 1970s. Oil, copper and corn prices are back to levels last seen befo
Published 21 Jan, 2011 12:00am
US soyabeans higher

US soyabeans higher

Chicago Board of Trade soyabean futures closed mostly higher on Wednesday, although front-month soybeans were lower on late fund selling and talk of rain in prime crop areas of Argentina, traders said. A weaker US dollar and news that China has pledged to
Published 21 Jan, 2011 12:00am
Liffe cocoa soars

Liffe cocoa soars

Liffe May cocoa closes 60 pounds higher at 2,102 pounds a tonne on Thursday after climbing to a 5-month high of 2,105 pounds, after failed mediations in top grower Ivory Coast and a fire in a Dutch cocoa factory added to fears about possible supply disrup
Published 21 Jan, 2011 12:00am
Oil falls over two percent

Oil falls over two percent

Oil prices slumped more than 2 percent on Thursday as an unexpected rise in US crude inventories and worries of more monetary tightening in China to curb inflation in the face of robust growth data. The steep drop in prices came as investors also liquidat
Published 21 Jan, 2011 12:00am
US gold ends up

US gold ends up

US gold futures ended higher Wednesday on a weaker dollar and strong Asian physical demand, while an improving global economic outlook took platinum and palladium to hit multiyear highs. COMEX February gold futures settled up $2 at $1,370.2 an ounce on th
Published 21 Jan, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold prices were steady on Thursday, after three days of consecutive gains, as physical buying in Asia continued, while data from China showing a higher-than-expected inflation number supported sentiment. Spot gold lost $2.25 at $1,367.8 an ounce by
Published 21 Jan, 2011 12:00am
Gold slides in Europe

Gold slides in Europe

Gold prices extended early losses to fall below $1,350 an ounce on Thursday, hitting their lowest in two months, as the euro surrendered gains to turn negative versus the dollar, and as investment demand waned. Spot gold fell as low as $1,344.80 an ounce,
Published 21 Jan, 2011 12:00am
US MIDDAY: cocoa jumps

US MIDDAY: cocoa jumps

Cocoa futures jumped to 5-1/2-month peaks on Thursday after failed mediations in top grower Ivory Coast and a fire in a Dutch cocoa factory added to fears about possible supply disruptions. Coffee and sugar slumped, tracking a setback in many other commod
Published 21 Jan, 2011 12:00am
US MIDDAY: wheat, corn and soya down

US MIDDAY: wheat, corn and soya down

Chicago Board of Trade grain futures were lower early on Thursday, pressured by US dollar strength and chart-based profit-taking, traders said. Concerns that China might raise its rates to curb inflation - tempering demand in the process - jarred commodit
Published 21 Jan, 2011 12:00am
US MIDDAY: copper crumbles

US MIDDAY: copper crumbles

Copper collapsed on Thursday in its biggest one-day loss since mid-November as a stronger dollar added to early pressure from fears of monetary tightening in China, the world's biggest consumer of the metal. The bearish onslaught spread through the broade
Published 21 Jan, 2011 12:00am
US MIDDAY: gold tumbles

US MIDDAY: gold tumbles

Gold prices extended early losses to fall below $1,350 an ounce on Thursday, hitting their lowest in two months, as the euro surrendered gains to turn negative versus the dollar, and as investment demand waned. Gold's slide and losses in other commodities
Published 21 Jan, 2011 12:00am
Hilal-e-Ahmar Punjab holds blood camp

Hilal-e-Ahmar Punjab holds blood camp

A blood camp was held in government Post Graduate College for Women Samanabad Lahore under management of Hilal-e-Ahmar Punjab, which continued two days. On this occasion female students donated 31 blood bags for the Red Crescent Thalassemia Centre Lahore
Published 21 Jan, 2011 12:00am
World locomotive makers' list to be submitted to LHC today

World locomotive makers' list to be submitted to LHC today

Pakistan Railways General Manager (GM) Operation is to submit a list of locomotive manufacturers of the world today (Friday) before Justice Nasir Saeed Sheikh of the Lahore High Court. This is in relation to the writ petition challenging PR's Tender for 1
Published 21 Jan, 2011 12:00am
Bail petitions in NICL scam: LHC issues notice to FIA for January 26

Bail petitions in NICL scam: LHC issues notice to FIA for January 26

The Lahore High Court (LHC) here Thursday issued notice to Federal Investigation Agency (FIA) for January 26 in bail petitions of six accused in National Insurance Corporation Limited (NICL) scam. Habibullah Warraich, his son Mohsin Warraich, Muhammad Maa
Published 21 Jan, 2011 12:00am
Turkey levying duty: SCCI chief expresses serious concerns

Turkey levying duty: SCCI chief expresses serious concerns

President Sialkot Chamber of Commerce and Industry (SCCI), Ghulam Mustafa Choudary in a press statement on Thursday expressed serious concerns over the announcement of increase in import duty from nine percent to 52 percent on garments and 6.4 percent to
Published 21 Jan, 2011 12:00am
UAF, ILRI sign collaborative research agreement

UAF, ILRI sign collaborative research agreement

International Livestock Research Institute (ILRI) and University of Agriculture Faisalabad (UAF) have inked a collaborative research agreement to work on "development and application of decision-support tools to conserve and make sustainable use of geneti
Published 21 Jan, 2011 12:00am
Faisalabad industries: five-day suspension of gas supply slammed

Faisalabad industries: five-day suspension of gas supply slammed

Sui Northern Gas Pipelines Limited (SNGPL) restored gas supply to the industries of Faisalabad after five days, here on Thursday afternoon, while supply to 380 Compressed Natural Gas (CNG) stations will remain suspended for two more days today (Friday) an
Published 21 Jan, 2011 12:00am
UHS declares BDS results

UHS declares BDS results

The University of Health Sciences (UHS) has announced the results of third Professional BDS annual examinations. A total of 295 candidates from six affiliated dental colleges appeared in the exam out of which 213 passed and 81 failed. The pass percentage
Published 21 Jan, 2011 12:00am
Diplomatic stride of Zardari

Diplomatic stride of Zardari

A nation without vision faces severe consequences in the sphere of diplomacy. Responsible leaders envision the future perceptions of the nations. The more responsible the leadership the more vivid the nation. It is an encouraging sign for the Pakistani na
Published 21 Jan, 2011 12:00am
Brazil's disaster: search for the living and the dead

Brazil's disaster: search for the living and the dead

While the death toll from flooding and mud slides in the south-eastern Brazilian state of Rio de Janeiro reached 727 Wednesday, heroic rescues and shocking photographs shook the country. There were dramatic stories, like that of a mother who saved her chi
Published 21 Jan, 2011 12:00am
Leading from the front

Leading from the front

Leadership is the ability to lead others. By lead we mean inducement or to make someone act, feel or think in a certain way. For example, an important ability of an executive is deciding quickly and getting somebody else to do the work. This ability confr
Published 21 Jan, 2011 12:00am
VIEW POINT: Combating theocracy: Bangladesh Supreme Court verdict

VIEW POINT: Combating theocracy: Bangladesh Supreme Court verdict

We lost our East Wing (Mushraqi Pakistan) in 1971 due to the sheer short-sightedness and highhandedness of the ruling military junta and its political cronies. Tragically, no one was punished. On the contrary, the populist political party of the day decor
Published 21 Jan, 2011 12:00am
7.4 magnitude tumbler

7.4 magnitude tumbler

An earthquake of severe intensity measuring 7.4 on the Richter Scale struck Pakistan and adjacent region early on Wednesday, with its epicentre being 150 kms in the north-west of Kharan in Balochistan, at the confluence of Pakistan-Iran-Afghanistan border
Published 21 Jan, 2011 12:00am
Economic woes: rise above traditional posturing

Economic woes: rise above traditional posturing

The Pakistan People's Party ministerial team led by Finance Minister Dr Abdul Hafeez Sheikh has completed the first round of talks on an economic programme with all the major political parties in the parliament. Obviously, in their public posturing, all s
Published 21 Jan, 2011 12:00am
PTA organises 100 million cellular subscription celebration event

PTA organises 100 million cellular subscription celebration event

The cellular mobile Industry of Pakistan has achieved 100 million subscription mark in year 2010, in order to commemorate this landmark achievement, Pakistan Telecommunication Authority (PTA) organised 100 million cellular subscription celebration event a
Published 21 Jan, 2011 12:00am
ARL to upgrade refinery, boost gasoline output

ARL to upgrade refinery, boost gasoline output

Attock Refinery Ltd (ARL) plans to upgrade its refinery in northern Pakistan over the next two years by adding new units to produce more gasoline and feed a growing national supply deficit, the company's chief executive said on Thursday. The $100 million
Published 21 Jan, 2011 12:00am
Seminar held on insurance as a tool to minimise business risk

Seminar held on insurance as a tool to minimise business risk

The insurance industry plays an important role in the financial system by providing indemnification of financial risk in the economy and also serves as an institutional investor for both capital and money market instruments. Despite its relatively small s
Published 21 Jan, 2011 12:00am
Legal fraternity's contribution commendable: Chief Justice

Legal fraternity's contribution commendable: Chief Justice

Chief Justice Iftikhar Muhammad Chaudhry on Thursday said legal fraternity's contribution to judiciary is commendable, which must be maintained to further strengthen this institution. Talking to a 20-member delegation of Islamabad Bar Association (IBA) he
Published 21 Jan, 2011 12:00am
BA concerned over poor law, order in Karachi, Balochistan

BA concerned over poor law, order in Karachi, Balochistan

Balochistan Assembly expressed concern over worsening law and order situation in Karachi and Balochistan. The assembly met with Speaker Muhammad Aslam Bhootani in chair here on Thursday. PML-Q MPA Jaffar Khan Mandokhail tabled the adjournment motion deman
Published 21 Jan, 2011 12:00am
Justice Javed sworn in as acting CECP

Justice Javed sworn in as acting CECP

The Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry on Thursday administered oath of office to Justice Javed Iqbal, as Acting Chief Election Commissioner of Pakistan. The Judges of the Supreme Court of Pakistan attended the ceremony. Dr Faqir
Published 21 Jan, 2011 12:00am
Pakistan asks Israel to stop new settlements in occupied lands

Pakistan asks Israel to stop new settlements in occupied lands

Denoun-cing the recent demolition of Jerusalem's historic Shepherd Hotel to make way for a Jewish settlement, Pakistan on Wednesday called on Israel to stop building new settlements in occupied territories as part of its expansionist policy. "Settlement a
Published 21 Jan, 2011 12:00am
Nine POs held, huge cache of arms seized

Nine POs held, huge cache of arms seized

Police made crackdown at Sheikh Maltoon on Circular Road by arresting 18 outlaws including nine proclaimed offenders (POs) and recovered huge cache of arms from their possession, DPO Waqif Khan said on Thursday. The search operation has been conducted at
Published 21 Jan, 2011 12:00am
NetSol Technologies celebrates 15th anniversary

NetSol Technologies celebrates 15th anniversary

NetSol Techno-logies celebrated 15th anniversary. The Chairman and CEO Salim Ghauri spoke at length on what the company has achieved so far and the way forward. The NetSol Technologies had started its business activities in 1996 and it has turned into a l
Published 21 Jan, 2011 12:00am
'FTO to introduce online complaints registration system'

'FTO to introduce online complaints registration system'

Federal Tax Ombudsmen, Dr Shoaib Suddle has informed business community that Federal Tax Ombudsman (FTO) office will soon introduce online complaints registration system. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) here on Thu
Published 21 Jan, 2011 12:00am
Imran concerned over raids at Gabol's house

Imran concerned over raids at Gabol's house

Imran Khan, Chairman Pakistan Tehreek-e-Insaf (PTI) has expressed concerns over the manner in which Nabeel Gabol is being harassed by the authorities in Karachi after his resignation as minister of state for ports and shipping on the grounds of being unab
Published 21 Jan, 2011 12:00am
Financing under LTFF: glass manufacturing industry eligible: SBP

Financing under LTFF: glass manufacturing industry eligible: SBP

The State Bank of Pakistan has announced that glass manufacturing industry producing exportable goods is eligible for financing under the SBPs' Long Term Financing Facility (LTFF). According to a Circular (SMEFD Circular Letter No 2) issued on Thursday, f
Published 21 Jan, 2011 12:00am
EVO receives Consumers Choice Award 2010

EVO receives Consumers Choice Award 2010

Pakistan Telecommunication Company LTD (PTCL) has won Best Consumer Choice Award 2010 for its product "EVO", that is the fastest wireless broadband service with the widest coverage, in over 100 cities of the Pakistan. Pakistani consumers have chosen EVO a
Published 21 Jan, 2011 12:00am
Algerian Foreign Minister presents $2 million cheque

Algerian Foreign Minister presents $2 million cheque

Ambassador of Algeria Dr Ahmed Benflis on Thursday called on Foreign Minister Shah Mehmood Qureshi and presented him a cheque of two million dollars for the flood affected people. Foreign Minister Qureshi thanked his Algerian counterpart for the assistanc
Published 21 Jan, 2011 12:00am
SSGC's 18 inch gas pipeline blown up again

SSGC's 18 inch gas pipeline blown up again

A serious incident of insurgency occurred at 6:00am on Thursday, near Hajano village in the Tangwani area of District Kashmore about 34 kilometers downstream from Sui, South of the Sui gas field, close to the Balochistan and Sindh border. As a result of t
Published 21 Jan, 2011 12:00am
Names of 89 arrested target killers published

Names of 89 arrested target killers published

The Sindh Police on Thursday publicised the names of 89 arrested target killers involved in 254 targeted killing incidents and other criminal cases during January 1 2010 to 19 January 2011 in the metropolis. According to a list issued by IG Sindh office h
Published 21 Jan, 2011 12:00am
Three alleged targeted killers arrested

Three alleged targeted killers arrested

Law enforcement agencies on Thursday claimed to have arrested three persons, who said to be involved in the targeted killings of Awami National Party (ANP) workers in the limits of Gaddap Town Police station. According to police sources, police and ranger
Published 21 Jan, 2011 12:00am
Chinese engineer injured in robbery attempt

Chinese engineer injured in robbery attempt

A Chinese engineer was wounded on Thursday during a robbery attempt in the Boat Basin police precincts. According to police, the armed robbers intercepted the Chinese engineer while on his way in his car (AJY-191) from a local bank after drawing Rs 5 mill
Published 21 Jan, 2011 12:00am
CDC implements Automation of Securities Transfer Mechanism

CDC implements Automation of Securities Transfer Mechanism

Central Depository Company (CDC) in collaboration with NCCPL recently implemented the Automation of Securities Transfer Mechanism in the Central Depository System. This project was initiated in 2008 as a joint effort by CDC and NCCPL, with the objective o
Published 21 Jan, 2011 12:00am
CDC implements Automation of Securities Transfer Mechanism

CDC implements Automation of Securities Transfer Mechanism

Central Depository Company (CDC) in collaboration with NCCPL recently implemented the Automation of Securities Transfer Mechanism in the Central Depository System. This project was initiated in 2008 as a joint effort by CDC and NCCPL, with the objective o
Published 21 Jan, 2011 12:00am
Amendment in ITO 2001: SRO 09(1)/2011 termed draconian for taxpayers

Amendment in ITO 2001: SRO 09(1)/2011 termed draconian for taxpayers

Income Tax Bar Association (ITBA) on Thursday termed the amendment made in Income Tax Ordinance (ITO), 2001 through S.R.O. 09(1)/2011 as draconian for taxpayers. In a letter to the high-ups in the Federal Board of Revenue (FBR) said the board had made pub
Published 21 Jan, 2011 12:00am
ZONG's M9 receives extraordinary response

ZONG's M9 receives extraordinary response

ZONG, received an astounding response to their brand new package "M9". The service gives its subscribers the flexibility to design their own package. M9 is offering wide range of M9 plans allowing its user to pick one of them with as low as 0.90 paisa/min
Published 21 Jan, 2011 12:00am
25 cars, 61 motorcycles auctioned

25 cars, 61 motorcycles auctioned

Auction of unclaimed vehicles under the supervision of Civil Judge and Judicial Magistrate, Karachi Central, Ahsan Khan Durrani, nominee of Supreme Court of Pakistan was held on Thursday from 9 am to 5.00 pm. Large number of people representing all walks
Published 21 Jan, 2011 12:00am
Branchless banking: UBL to receive support from SBI

Branchless banking: UBL to receive support from SBI

United Bank Limited (UBL) has announced to receive support from ShoreBank International Ltd (SBI) through a $6.9 million grant to SBI from the Bill and Melinda Gates Foundation to scale up the electronic services platform in Pakistan called UBL Omni.
Published 21 Jan, 2011 12:00am
Branchless banking is future of financial sector: Kardar

Branchless banking is future of financial sector: Kardar

Governor State Bank of Pakistan (SBP), Shahid H. Kardar has said branchless banking is future of the country's financial sector as it opens up great opportunities for banks to tap into the un-exploited potential by bringing the unbanked segment of the soc
Published 21 Jan, 2011 12:00am
MCB's AMC merges with Arif Habib Investments: accord inked

MCB's AMC merges with Arif Habib Investments: accord inked

MCB Bank, sponsors of MCB Asset Management Company Limited and shareholders of Arif Habib Investments Limited signed the shareholders' agreement on January 19, 2011 for the proposed merger of their asset management companies. The shareholder agreement was
Published 21 Jan, 2011 12:00am
HBFCL honours outgoing chairman of trade union

HBFCL honours outgoing chairman of trade union

House Building Finance Corporation Limited (HBFCL), the country's oldest housing finance institution, recently held a ceremony to honour Malik Asif Hayat, the outgoing Chairman of the trade union. He was recognised for his invaluable contributions to both
Published 21 Jan, 2011 12:00am
IGI Investment Bank launches 'Fund Select Portal'

IGI Investment Bank launches 'Fund Select Portal'

IGI Investment Bank Limited has introduced "Fund Select Portal". This is a web based portal facilitating both corporate and retail investors with on-line access to information concerning their investment and the industry.
Published 21 Jan, 2011 12:00am
Altaf for reinstatement of sacked employees of KESC

Altaf for reinstatement of sacked employees of KESC

Muttahida Qaumi Movement (MQM), Chief Altaf Hussain has called for immediate reinstatement of all the sacked employees of Karachi Electric Supply Company (KESC). Altaf Hussain has said that the administration must restore all the employees to their positi
Published 21 Jan, 2011 12:00am
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