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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-01-22
Dow, S&P edge lower; F5 earnings hurt Nasdaq

Dow, S&P edge lower; F5 earnings hurt Nasdaq

Stocks fell on Thursday as lackluster tech and materials earnings failed to live up to heightened expectations, threatening to short-circuit a seven-week run. Declines were milder than on Wednesday, when a sharp drop pulled the market off two-year highs.
Published 22 Jan, 2011 12:00am
Seoul shares fall

Seoul shares fall

South Korean shares fell on Friday as investors took profits after the main index hit record highs earlier this week, and as concerns about further Chinese monetary policy tightening weighed on shares of big exporters. The Korea Composite Stock Price Inde
Published 22 Jan, 2011 12:00am
Treasuries plunge

Treasuries plunge

US debt prices plunged on Thursday amid worries that coming Treasury auctions could draw less demand after a poorly received $13 billion sale of inflation-protected Treasuries. The sale on Thursday of 10-year Treasury Inflation-Protected Securities, or TI
Published 22 Jan, 2011 12:00am
Treasuries plunge

Treasuries plunge

US debt prices plunged on Thursday amid worries that coming Treasury auctions could draw less demand after a poorly received $13 billion sale of inflation-protected Treasuries. The sale on Thursday of 10-year Treasury Inflation-Protected Securities, or TI
Published 22 Jan, 2011 12:00am
China, Hong Kong shares dip on week

China, Hong Kong shares dip on week

Chinese shares bounced on Friday, driven by gains in the property sector, as some investors saw recent market weakness as overdone and sought bargains among index heavyweights. Despite the rally on the mainland, Hong Kong investors remained cautious amid
Published 22 Jan, 2011 12:00am
Nikkei drops 1.6 percent

Nikkei drops 1.6 percent

Japan's Nikkei fell 1.6 percent on Friday to cap its biggest weekly loss in three months, as lower commodities prices weighed on energy-related stocks and spurred profit-taking after a recent rally.
Published 22 Jan, 2011 12:00am
Australian shares fall

Australian shares fall

Australian shares frittered away early gains to fall 0.6 percent on Friday, striking their lowest close in 1-1/2 weeks as the key resources sector was hit by concerns that top trading partner China would tighten policy to choke off inflation fuelling exce
Published 22 Jan, 2011 12:00am
Spain, General Electric push European shares up

Spain, General Electric push European shares up

European shares rose on Friday as Spain's plans to part nationalise its debt-laden savings banks boosted banking stocks, while forecast beating results from US bellwether General Electric also improved market sentiment. The pan-European FTSEurofirst 300 i
Published 22 Jan, 2011 12:00am
Energy stocks power FTSE bounce; RBS jumps

Energy stocks power FTSE bounce; RBS jumps

Energy stocks led Britain's top shares in a rebound on Friday after a sharp sell-off in the previous two sessions. The top FTSE 100 riser, however, was Royal Bank of Scotland, up 6.5 percent on reports the part-nationalised bank could leave the government
Published 22 Jan, 2011 12:00am
China renews Iran oil deal with steady volume

China renews Iran oil deal with steady volume

China, the world's largest buyer of Iranian crude oil, has renewed its annual import agreements for 2011, keeping the volumes steady at some 460,000 barrels per day (bpd), two sources told Reuters. China's commitment to keep volumes firm came as India, Ir
Published 22 Jan, 2011 12:00am
SEC freezes assets in insider trading case

SEC freezes assets in insider trading case

US securities regulators said they froze bank accounts containing more than $800,000 in illegal profits after a manager at Seattle Genetics gave his relative confidential information about drug trial results. The Securities and Exchange Commission complai
Published 22 Jan, 2011 12:00am
Fed's second bank stress test done in groups

Fed's second bank stress test done in groups

The Federal Reserve is staggering stress tests for the 19 largest US banks, depending on when the lenders want to increase their dividend in 2011, Bank of America Corp Chief Financial Officer Charles Noski said. In an interview with Reuters on Friday, Nos
Published 22 Jan, 2011 12:00am
Spain plans partial nationalisation of savings banks

Spain plans partial nationalisation of savings banks

Spain plans a partial state take-over of its weakest savings banks as it seeks to reassure investors a rescue will not weigh on its deficit. A source familiar with the matter told Reuters on Friday the government would force debt-laden regional savings ba
Published 22 Jan, 2011 12:00am
China farmers to get $15 billion subsidies amid drought

China farmers to get $15 billion subsidies amid drought

China says it had earmarked about $15 billion in subsidies for millions of farmers who have been hit by a severe drought that has driven prices as the government tries to battle inflation. The dry spell in the north and south has affected about four milli
Published 22 Jan, 2011 12:00am
German business confidence starts 2011 at record high

German business confidence starts 2011 at record high

German business confidence stormed into the new year at record highs, the Ifo institute said Friday, while the broader 17-nation eurozone tries to get to grips with its knotty debt crisis. Ifo's closely tracked reading of business sentiment climbed to 110
Published 22 Jan, 2011 12:00am
Russia reroutes Belarus oil, escalating dispute

Russia reroutes Belarus oil, escalating dispute

A pricing dispute that has halted Russian crude flows to Belarus escalated on Friday when Russian oil pipeline monopoly Transneft said it had redirected oil earmarked for Belarus to alternative buyers. Belarus stopped receiving Russian Urals crude deliver
Published 22 Jan, 2011 12:00am
World steel production hit record in 2010

World steel production hit record in 2010

Global crude steel output rose 15 percent in 2010 to 1.4 billion metric tonnes, a new record, the World Steel Association (WSA) said on Friday. "All the major steel-producing countries and regions showed double-digit growth in 2010," the industry's trade
Published 22 Jan, 2011 12:00am
Russia's jobless at seven-month high

Russia's jobless at seven-month high

Russia's unemployment hit its highest in seven-months in December but remained well below 2009 highs and looked unlikely to deter the central bank from raising interest rates to fight inflation. The number of unemployed in Russia was 5.39 million at the e
Published 22 Jan, 2011 12:00am
Bank of America posts fourth quarter loss

Bank of America posts fourth quarter loss

Bank of America Corp, the largest US bank by assets, reported a second straight quarterly loss after writing down the value of its limping mortgage business. Bank of America's Merrill Lynch businesses - including retail brokerage and investment banking -
Published 22 Jan, 2011 12:00am
Bank of America posts fourth quarter loss

Bank of America posts fourth quarter loss

Bank of America Corp, the largest US bank by assets, reported a second straight quarterly loss after writing down the value of its limping mortgage business. Bank of America's Merrill Lynch businesses - including retail brokerage and investment banking -
Published 22 Jan, 2011 12:00am
Hu visits US heartland to tout business ties

Hu visits US heartland to tout business ties

Chinese President Hu Jintao took his roadshow to the US Midwest, where executives from the two countries were set to sign up to 60 new deals on Friday to underscore the message that China is open for business. Leaving behind the rancor of Washington where
Published 22 Jan, 2011 12:00am
France's Alstom signs MoU for Baghdad metro

France's Alstom signs MoU for Baghdad metro

French engineering group Alstom has signed an outline agreement with Iraq to build a metro line above Baghdad's streets, an official said. Shaker al-Zamili, the head of Baghdad Investment Commission, said on Thursday Iraqi officials signed a memorandum of
Published 22 Jan, 2011 12:00am
General Electric posts banner profits, upbeat outlook

General Electric posts banner profits, upbeat outlook

US conglomerate General Electric on Friday posted better-than-expected fourth quarter and 2010 profits, and said it was upbeat about the outlook for this year and the next. GE said 2010 profit jumped to $12.6 billion dollars, up 15.6 percent from $10.9 bi
Published 22 Jan, 2011 12:00am
General Electric posts banner profits, upbeat outlook

General Electric posts banner profits, upbeat outlook

US conglomerate General Electric on Friday posted better-than-expected fourth quarter and 2010 profits, and said it was upbeat about the outlook for this year and the next. GE said 2010 profit jumped to $12.6 billion dollars, up 15.6 percent from $10.9 bi
Published 22 Jan, 2011 12:00am
British retail sales suffer record slump due to snow

British retail sales suffer record slump due to snow

Retail sales in Britain tumbled in December by a record amount, official data showed Friday, as shoppers avoided the high street and companies struggled to deliver online sales due to heavy snow. Sales dived 0.8 percent in December from November, despite
Published 22 Jan, 2011 12:00am
Trials for U-13 Festival of Football team on January 23

Trials for U-13 Festival of Football team on January 23

Trials to select Model Town Football Academy's U-13 teams for coming Academies event of 13th National U-13 Festival will be held at MTFA Ground, Model Town, Lahore on Sunday (January 23) at 2 PM. Pakistan Football Federation (PFF) will stage the event in
Published 22 Jan, 2011 12:00am
Ronaldo secures Real Madrid's Cup semi-final spot

Ronaldo secures Real Madrid's Cup semi-final spot

Cristiano Ronaldo fired in a first-half goal as Real Madrid edged bitter city rivals Atletico 1-0 on Thursday to reach the Spanish Cup semi-finals 4-1 on aggregate. Real will tackle holders Sevilla in the last four while Barcelona, who saw off Real Betis
Published 22 Jan, 2011 12:00am
Murali to quit after World Cup

Murali to quit after World Cup

Record-breaking Sri Lankan spinner Muttiah Muralitharan said Friday he would retire from international cricket after the 2011 World Cup. "This World Cup will be my last outing," Muralitharan, 38, told reporters on the sidelines of a training session in Co
Published 22 Jan, 2011 12:00am
Angry Federer warns against match-fixing

Angry Federer warns against match-fixing

Swiss tennis great Roger Federer Friday warned players not to get involved in match-fixing, as Italian media reported a new investigation. The world number two said match-fixers angered him as much as dope cheats, as they threatened the sport's integrity
Published 22 Jan, 2011 12:00am
Venus in shock Australian pull-out

Venus in shock Australian pull-out

American star Venus Williams dramatically pulled out of the Australian Open with a painful injury on Friday. Defending champion Roger Federer enjoyed a record 57th win at the Australian Open Friday as former winner Justine Henin was condemned to her worst
Published 22 Jan, 2011 12:00am
Indian tycoon buys Racing Santander

Indian tycoon buys Racing Santander

Indian tycoon Ahsan Ali Syed has bought indebted Spanish football club Racing Santander, his Bahrain-based company announced Friday. The deal was confirmed after it was approved by the government of the northern Spanish region of Cantabria and Spain Natio
Published 22 Jan, 2011 12:00am
Ski team meets Air Chief Marshal Rao Qamar

Ski team meets Air Chief Marshal Rao Qamar

Pakistan ski team, which has won gold, silver and bronze medals in the various events of first South Asian Winter Games held in India, recently, called on Chief of the Air Staff, Pakistan Air Force, Air Chief Marshal Rao Qamar Suleman, who is the Patron-i
Published 22 Jan, 2011 12:00am
Kardar awards Rs one million to SBP cricket team

Kardar awards Rs one million to SBP cricket team

Governor State Bank of Pakistan Shahid H. Kardar has awarded one million rupees to SBP cricket team and its officials for winning the Quaid-e-Azam Trophy (Division II) Cricket Tournament. Each player and official of the cricket team will receive Rs 40,000
Published 22 Jan, 2011 12:00am
Inoha breaks Qatar hearts as Japan reach last four

Inoha breaks Qatar hearts as Japan reach last four

A dramatic last-minute goal from defender Masahiko Inoha saw 10-man Japan snatch a 3-2 win over heartbroken hosts Qatar in their Asian Cup quarter-final on Friday. Inoha struck in the 90th minute at a nearly full Al Gharafa Stadium to keep alive Japan's b
Published 22 Jan, 2011 12:00am
Marsh ton inspires Australian win

Marsh ton inspires Australian win

Australia won the battle but might yet lose the war as injuries to two key World Cup players took much of the gloss off a Shaun Marsh-inspired win in the second one-day international against England on Friday. Marsh batted himself into contention for next
Published 22 Jan, 2011 12:00am
Karzai courts Moscow with economic projects

Karzai courts Moscow with economic projects

Afghan President Hamid Karzai invited Russia on Friday to rebuild Soviet-era facilities in Afghanistan, courting a nation eager to expand its influence decades after the Soviet Union's costly war there. "We want to give a new start to vital projects that
Published 22 Jan, 2011 12:00am
UK Prime Minister's media chief quits

UK Prime Minister's media chief quits

The British prime minister's media chief quit on Friday over allegations of phone hacking at the newspaper he used to edit, a move that could embarrass the prime minister and complicate News Corp's bid to buy BSkyB. Critics who have questioned Prime Minis
Published 22 Jan, 2011 12:00am
Obama names GE's Immelt head of new economic panel

Obama names GE's Immelt head of new economic panel

US President Barack Obama, in another step to boost jobs and shift toward the political center, will name General Electric Co Chief Executive Jeffrey Immelt on Friday as a top outside economic adviser. The White House said Immelt will head a new economic
Published 22 Jan, 2011 12:00am
Time short for Israel, Palestinian deal: UN chief

Time short for Israel, Palestinian deal: UN chief

UN Secretary General Ban Ki-moon on Friday slammed Israel's refusal to halt settlement building in Palestinian territories and warned that time is running out to save Middle East peace talks. With Palestinians now pressing for the UN Security Council to c
Published 22 Jan, 2011 12:00am
Thousands of Jordanians protest over food prices

Thousands of Jordanians protest over food prices

Several thousand Jordanians protested on Friday over soaring food prices and the erosion of living conditions, blaming corruption spawned by free-market reforms for the plight of the country's poor. Islamists, left wing and trade unions activists marched
Published 22 Jan, 2011 12:00am
Close to 99 percent voted for south Sudan split

Close to 99 percent voted for south Sudan split

Close to 99 percent of south Sudanese voters chose secession from the north in a referendum, according to preliminary results published Friday with tallies from two outstanding states. With 3,197,038 ballots counted, 98.6% had voted to break away in the J
Published 22 Jan, 2011 12:00am
Gazans mob French minister in 'war crimes' mix-up

Gazans mob French minister in 'war crimes' mix-up

Angry Palestinians mobbed French Foreign Minister Michele Alliot-Marie as she visited Gaza on Friday in a mix-up over a "war crimes" quote mistakenly attributed to her. On her first visit to Gaza since taking office in November, Alliot-Marie was twice amb
Published 22 Jan, 2011 12:00am
UK insider dealer jailed, record 27-month sentence

UK insider dealer jailed, record 27-month sentence

A UK court sentenced a man to jail for 27 months for insider trading in shares of the waste company he worked for, the latest victory in a campaign against the practice by Britain's financial watchdog. The prison term, half of which was suspended, was the
Published 22 Jan, 2011 12:00am
Australia flags taxpayer levy for floods

Australia flags taxpayer levy for floods

Australian Prime Minister Julia Gillard Friday raised the prospect of a one-off tax to pay for rebuilding after epic floods, as rising waters prompted more evacuations in the south-east. Crops, roads and railway lines were washed away and thousands of hom
Published 22 Jan, 2011 12:00am
Defiant Iran insists on enrichment

Defiant Iran insists on enrichment

A defiant Iran said Friday its uranium enrichment drive was not up for debate, as Western sources described talks between the Islamic republic and world powers in Istanbul as "inconclusive." Iran's chief nuclear negotiator Saeed Jalili met in the Turkish
Published 22 Jan, 2011 12:00am
Protests as Tunisia mourns victims of unrest

Protests as Tunisia mourns victims of unrest

Anti-government protesters took to the streets on Friday as Tunisia began three days of mourning for the dozens of people killed during the overthrow of president Zine al-Abidine Ben Ali. Tunisia's interim government, which took over after Ben Ali fled to
Published 22 Jan, 2011 12:00am
Belarus president sworn in after disputed election

Belarus president sworn in after disputed election

Belarus President Alexander Lukashenko was sworn in on Friday in a ceremony boycotted by Western ambassadors after his re-election last month in what the opposition and international monitors said was a rigged vote. The former Soviet republic has brushed
Published 22 Jan, 2011 12:00am
Thousands of Dutch students protest education cuts

Thousands of Dutch students protest education cuts

Organisers say thousands of Dutch students are expected to demonstrate in The Hague against cuts to university budgets and increases in fees proposed by the government as part of its multibillion euro austerity package. The national student union expects
Published 22 Jan, 2011 12:00am
Sindh Assembly session takes an ugly turn

Sindh Assembly session takes an ugly turn

The Sindh Assembly session, just before concluding on Friday noon, turned into an unpleasant event in the course of members' speeches, particularly by treasury benches, when an opposition member inquired about the news item regarding unfair promotions to
Published 22 Jan, 2011 12:00am
Pacra maintains entity ratings of SCM

Pacra maintains entity ratings of SCM

The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of Standard Chartered Modaraba (SCM) at "AA+" (Double A plus) and "A1+" (A one plus) for the long-term and short-term, respectively. The ratings indicate low expectation of credit
Published 22 Jan, 2011 12:00am
Pacra maintains entity ratings of SCM

Pacra maintains entity ratings of SCM

The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of Standard Chartered Modaraba (SCM) at "AA+" (Double A plus) and "A1+" (A one plus) for the long-term and short-term, respectively. The ratings indicate low expectation of credit
Published 22 Jan, 2011 12:00am
'Moderates' concerned at law and order in Karachi

'Moderates' concerned at law and order in Karachi

"The situation in Karachi continues to be precarious, with numerous people being killed every day, despite ongoing search operations and additional powers being given to Rangers. This shows that the root cause of violence in the city is not being addresse
Published 22 Jan, 2011 12:00am
Nato container torched in Mastung

Nato container torched in Mastung

Unknown gunmen on Friday torched a container carrying supplies for Nato forces in Mastung district. Levis official said that container carrying logistics for ISAF forces stationed in Afghanistan was way from Karachi when unidentified armed men opened fire
Published 22 Jan, 2011 12:00am
Four of a family gunned down in Khairpur

Four of a family gunned down in Khairpur

Four persons were killed while another injured in an armed attack near Khairpur on Thursday night. According to police, 10 armed persons attacked the house of Hajjan Kalhoro in the village Pir Mangio, jurisdiction of Piryaloi police station and started fi
Published 22 Jan, 2011 12:00am
Sindh University pre-entry test from January 23

Sindh University pre-entry test from January 23

The University of Sindh will be conducting pre-entry test for admissions to LL.M, MBA Executive and BBA degree programmes at Dr N.A. Baloch Model School of Hyderabad on January 23 at 9.00 am. Interested candidates have been advised to bring with them admi
Published 22 Jan, 2011 12:00am
PIA business plan reviewed

PIA business plan reviewed

A meeting of the Sub-Committee of the Standing Committee on Defence and Defence Production was held at PIA Head Office. The Committee reviewed the Business Plan of PIA. The meeting was attended by Senator Tariq Azim Khan, Convenor and Senator Haji Muhamma
Published 22 Jan, 2011 12:00am
KCCI's recently upgraded web site overviewed

KCCI's recently upgraded web site overviewed

President, Karachi Chamber of Commerce and Industry, Muhammad Saeed Shafiq; Talat Mahmood, Senior Vice President; Junaid Esmail Makda, Vice President; A Q Khalil, Former President and Advisor Digital Library and Asif Muhammad Iqbal Bega, Chairman of sub-c
Published 22 Jan, 2011 12:00am
Corrosion management conference on February 1

Corrosion management conference on February 1

Pakistan 2nd 'Corrosion and Prevention Management Conference' will be held at local hotel in Karachi on 1st February 2011. Event Organiser Khalid Iqbal said that this conference is being organised by National Forum for Environment and Health (NFEH) and Pu
Published 22 Jan, 2011 12:00am
BISP: a comprehensive poverty alleviation package

BISP: a comprehensive poverty alleviation package

No state can progress without catering to the basic needs of deprived segments of its society. Thus, long before the inception of Pakistan, Quaid-e-Azam Muhammad Ali Jinnah had dreamt of a Pakistan, which was to offer its entire population equal opportuni
Published 22 Jan, 2011 12:00am
Duvalier brings out nostalgia in parts of Haiti

Duvalier brings out nostalgia in parts of Haiti

The unexpected return of former Haitian dictator Jean-Claude Duvalier prompted surprise both in and out of the country, coupled in many cases with horror - but in other cases it unleashed a wave of nostalgia. Duvalier, also known as "Baby Doc," remains "t
Published 22 Jan, 2011 12:00am
Reverse ink spot strategy to stop electricity theft

Reverse ink spot strategy to stop electricity theft

Electricity theft, at the least, makes up a hefty 25% of the total line losses of 22% or so being presently sustained by the PSCEs (NTDC and the Discos). At today's rates, this translates into a staggering Rs 50 - 75 billion this being so, because PEPCO's
Published 22 Jan, 2011 12:00am
Crude political economy

Crude political economy

One had thought that democratic principles would enhance the governance of the state, but alas the fiction of good governance is coming forth more acutely now that the panic buttons have started. Governance requires the essence of self-restriction and a s
Published 22 Jan, 2011 12:00am
A recipe for darkness in the 'city of lights'

A recipe for darkness in the 'city of lights'

It is highly unfortunate that instead of taking swift action against workers found involved in the ransacking of the corporate office of Karachi Electric Supply Company, Sindh's two major parties - PPP and MQM - have chosen to side with them. This must be
Published 22 Jan, 2011 12:00am
Opposition to taxes by pressure groups

Opposition to taxes by pressure groups

There are rumblings of discontent amongst pressure groups that have been subjected to the levy of a tax in recent weeks. The objective is to compel the government to withdraw the taxes that were recently slapped on certain sectors in an ongoing effort to
Published 22 Jan, 2011 12:00am
Auction of Park, Ride Plaza shops on January 26

Auction of Park, Ride Plaza shops on January 26

Lahore Development Authority (LDA) will auction 31 shops of the newly constructed Park and Ride Plaza on January 26. According to a LDA's spokesperson, interested buyers will deposit a 'security amount' of rupees one million per shop at Bank of Punjab's b
Published 22 Jan, 2011 12:00am
Unlawful appointments: PPSC, HED issued notices for January 24

Unlawful appointments: PPSC, HED issued notices for January 24

Lahore High Court (LHC) has issued notice for January 24 to the secretaries of Punjab Public Service Commission (PPSC) and Higher Education Department (HED) in a petition filed by three women lecturers of different colleges challenging recruitment of Asso
Published 22 Jan, 2011 12:00am
Setting up new medical colleges: all PMDC conditions being fulfilled

Setting up new medical colleges: all PMDC conditions being fulfilled

Parliamentary Secretary Health Dr Saeed Elahi has said that all conditions for the approval of the four new medical colleges set up by the Punjab government including D.G Khan Medical College, Sahiwal Medical College, Khawja Safdar Medical College (PMDC),
Published 22 Jan, 2011 12:00am
Moot on Punjab Health Commission on January 24

Moot on Punjab Health Commission on January 24

The Punjab government is organising a consultative workshop on the establishment of Punjab Health Commission (PHC) here at the University of Health Sciences (UHS) on Monday (January 24). The workshop is being organised by Punjab Health Department, in coll
Published 22 Jan, 2011 12:00am
LPC park case: LHC grants stay, issues notices for February 11

LPC park case: LHC grants stay, issues notices for February 11

The Lahore High Court here Friday stayed conversion of park of Lahore Press Club (LPC) Journalist Housing Scheme into a residential area by way of carving out of it plots for as many as 295 newly inducted members of LPC.
Published 22 Jan, 2011 12:00am
Early hearing of Shoaib's appeal: LHC issues notice to PCB

Early hearing of Shoaib's appeal: LHC issues notice to PCB

The Lahore High Court (LHC) on Friday issued notice to Pakistan Cricket Board (PCB) on an application for early hearing of appeal by fast bowler Shoaib Akhtar challenging one-and-a-half-year ban on playing cricket and a fine of Rs 7 million imposed on him
Published 22 Jan, 2011 12:00am
LHC moved against Latif Khosa's appointment

LHC moved against Latif Khosa's appointment

The Lahore High Court (LHC) here Friday directed the law officer to appear before the court on January 28 in a petition challenging appointment of Sardar Latif Khosa as Governor Punjab. Earlier, petitioner Muhammad Nawaz Cheema pleaded that Khosa was not
Published 22 Jan, 2011 12:00am
Transfers, postings

Transfers, postings

Chief Justice Lahore High Court Justice Ijaz Ahmed Chaudhry has made transfer and posting among six civil judges-cum-judicial magistrates in the public interest. Newly recruited civil judge-cum-judicial magistrate Muhammad Shafiq has been posted at Kehror
Published 22 Jan, 2011 12:00am
Chairman Aptma may not accept LESCO chairmanship

Chairman Aptma may not accept LESCO chairmanship

Chairman All Pakistan Textile Mills Association (Aptma) Gohar Ejaz may not accept federal government's offer of becoming chairman Lahore Electric Supply Company (LESCO), learnt reliably. It may be noted that the Federal Ministry of Water & Power had appro
Published 22 Jan, 2011 12:00am
Exploring textile markets: TDAP team visiting Japan on January 26

Exploring textile markets: TDAP team visiting Japan on January 26

A four-member delegation from Pakistan will visit Japan to participate in a three-day international fashion fair commencing from January 26, 2011. Trade Development Authority of Pakistan (TDAP) is organising the visit in collaboration with JETRO and JICA.
Published 22 Jan, 2011 12:00am
LHC allows Railways to purchase locomotives through open bidding

LHC allows Railways to purchase locomotives through open bidding

The Lahore High Court (LHC) on Friday allowed Pakistan Railways (PR) to purchase locomotives, after General Manager gave undertaking to re-invite the tender and allow all international locomotive manufacturers to participate in the bidding. The court whil
Published 22 Jan, 2011 12:00am
US ambassador calls on President

US ambassador calls on President

US Ambassador, Cameron P. Munter called on President, Asif Ali Zardari at Aiwan-e-Sadr on Friday. Pak-US bilateral relations and issues relating to strategic dialogue were discussed during the meeting, a press release from the President House said.
Published 22 Jan, 2011 12:00am
Kokikhel tribesmen to protest against occupation of their lands

Kokikhel tribesmen to protest against occupation of their lands

Kokikhel tribesman of Khyber Agency on Friday announced that they could launch a protest campaign against the occupation of their lands by Frontier Corps in Shah Kas. Speaking at a news conference, on Friday, at Peshawar press club tribesman Mohammad Irfa
Published 22 Jan, 2011 12:00am
Setting up 'Carpet Nagar': 'SIDB to acquire 1,000-kanal land'

Setting up 'Carpet Nagar': 'SIDB to acquire 1,000-kanal land'

Khyber-Pakhtunkhwa, Small Industries Development Board (SIDB) would acquire a piece of land measuring 1,000-kanals on Peshawar-Islamabad Motorway near Charsadda Interchange for establishment of 'Carpet Nagar This was stated in a presentation to Khyber-Pak
Published 22 Jan, 2011 12:00am
BIZTEK holds Job Fair

BIZTEK holds Job Fair

The Institute of Business and Technology (BIZTEK) organised a Job Fair for its students. An official of the institution said on Friday that the purpose of the job fair was to get the senior students exposed to corporate culture and environment.
Published 22 Jan, 2011 12:00am
BISE exams schedule announced

BISE exams schedule announced

The board of intermediate and secondary Education, Hyderabad has issues schedule for submitting examination forms and fee from candidates intending to appear at Higher Secondary Certificate Part-I and Part-II (Class-XI & XII) Annual Examination 2011.
Published 22 Jan, 2011 12:00am
Coverage of self-employed persons under EOBI Act

Coverage of self-employed persons under EOBI Act

Prime Minister Syed Yousuf Raza Gilani while announcing Labour Policy, 2010 has allowed the coverage of self employed persons under the EOBI scheme. The EOBI has implicated the directives of Prime Minister. The self employed persons may get themselves cov
Published 22 Jan, 2011 12:00am
Chairman of Al Baraka Bank visits Pakistan

Chairman of Al Baraka Bank visits Pakistan

Adnan Ahmed Yousif, President and Chief Executive of the Al Baraka Banking Group, is on a 2-day visit to Pakistan. During his stay in Karachi he will chair the 2nd Board meeting of Al Baraka Bank (Pakistan) Limited and will call upon the Governor, State B
Published 22 Jan, 2011 12:00am
Turkey raises anti-dumping duty on fabric, garments

Turkey raises anti-dumping duty on fabric, garments

Recent news on Turkey increasing the anti-dumping duties imposed on exports of Pakistani garments from 9.5 percent to 52 percent and on fabric from 6.4 percent to 35 percent has caused tumult in the textile industry as the increase could potentially hampe
Published 22 Jan, 2011 12:00am
Misbehaviour with KCCI president, member: FBR chief asked to take notice

Misbehaviour with KCCI president, member: FBR chief asked to take notice

President Karachi Chamber of Commerce and Industry (KCCI), Saeed Shaifq has urged chairman Federal Board of Revenue (FBR) Salman Siddique to take notice of Additional Director Intelligence and Investigation FBR Wasif Memon's misbehaviour with the presiden
Published 22 Jan, 2011 12:00am
EBM focuses on food safety at retail level

EBM focuses on food safety at retail level

The 9th International Safe Food conference was recently held at a local hotel here. The conference was jointly hosted by English Biscuit Manufacturers Private Limited (EBM), the makers of Peek Freans biscuits and United Registrar of Systems (URS).
Published 22 Jan, 2011 12:00am
'Karachi saved from a big disaster': ANP challenges Rehman's claim

'Karachi saved from a big disaster': ANP challenges Rehman's claim

Interior Minister Rehman Malik's claim that he has saved Karachi from a 'big' disaster following the arrest of 90 target killers is being challenged by Awami National Party, Sindh chapter which maintains that peace cannot be restored unless the city is ha
Published 22 Jan, 2011 12:00am
Punjab University vice chancellor briefed about NGO's working

Punjab University vice chancellor briefed about NGO's working

Susan E. Stroud, Executive Director, (Innovations in Civic Participation) accompanied by Mark Hibert, Cultural Attache US Consulate Lahore called on vice-chancellor Punjab University, Professor Dr Mujahid Kamran here on Friday afternoon. Ms Susan Stroud r
Published 22 Jan, 2011 12:00am
Government urged to withdraw decision: KESC employees sacked

Government urged to withdraw decision: KESC employees sacked

Pakistan Wapda Hydro Electric Central Labour Union (CBA) has urged the government not to make retrenchment at Karachi Electric Supply Company (KESC) and withdraw its decision of retrenching 4,500 workers. CBA's Additional Secretary, Syed Sajjad Hussain Sh
Published 22 Jan, 2011 12:00am
Government committed to facilitating investors: Prime Minister

Government committed to facilitating investors: Prime Minister

Prime Minister, Syed Yousuf Raza Gilani on Friday said the government is committed to provide all facilities to local and foreign investors. Due to the business friendly policies of the government, a number of investors are planning to invest in various f
Published 22 Jan, 2011 12:00am
Tribesmen rally against US drone attacks

Tribesmen rally against US drone attacks

Hundreds of tribesmen on Friday rallied to demand an end to US drone attacks which they said were killing innocent people in the tribal areas, witnesses said. More than 1,000 protesters staged the demonstration in Miranshah, shouting slogans against the U
Published 22 Jan, 2011 12:00am
Four militants killed in Waziristan

Four militants killed in Waziristan

Militants on Friday attacked a security checkpost in North Waziristan Agency and in the ensuing gun-battle four militants were killed, a security official said. The militants attacked a security post in Miran Shah, headquarters of North Waziristan Agency,
Published 22 Jan, 2011 12:00am
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