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Print - 2011-03-10
Energy resource development: The 10-point agenda - II

Energy resource development: The 10-point agenda - II

In the medium-term, several measures can be taken. Cheaper energy resources such as natural gas are running out and being increasingly replaced by expensive oil. More gas resources can be developed, existing and remaining ones put on the fast track and ab
Published 10 Mar, 2011 12:00am
Residential areas: KBCA unable to check rising multistorey buildings

Residential areas: KBCA unable to check rising multistorey buildings

The Karachi Building Control Authority (KBCA) has not been able to check the increasing number of multistorey buildings being constructed in the residential areas of the city. Sources told Business Recorder here on Wednesday that the illegal constr
Published 10 Mar, 2011 12:00am
Non-compliance of SHC orders by Customs: KCCI members suffering

Non-compliance of SHC orders by Customs: KCCI members suffering

Members of Karachi Chambers of Commerce (KCCI) are suffering due to non compliance of Sindh High Court orders by the Customs in connection with the valuation of goods. This may result in heavy demurrage and detention charges. On February 28, 2011 Sindh Hi
Published 10 Mar, 2011 12:00am
Academic matters: SU to set up consultative committee

Academic matters: SU to set up consultative committee

The University of Sindh has decided to set up a consultative committee comprises of members of the university and affiliated degree colleges for co-ordination regarding academic matters of university and colleges. The decision was taken in a meeting with
Published 10 Mar, 2011 12:00am
Proposed protective duty: MoC fails to successfully pursuade Turkey

Proposed protective duty: MoC fails to successfully pursuade Turkey

President, Karachi Chamber of Commerce and Industry (KCCI), Mohammad Saeed Shafiq, has said that Director General Trade of Turkey assured Pakistani delegation that if EU tariff concession agreement with Pakistan materialised Turkey will also consider prov
Published 10 Mar, 2011 12:00am
Chief Justice Nepal witnesses court proceedings

Chief Justice Nepal witnesses court proceedings

The Chief Justice of Supreme Court of Nepal Ram Prasad Shrestha Wednesday sat with a two-member bench headed by Chief Justice of Pakistan Iftikhar Muhammad Chaudhry and witnessed proceedings of the apex court. Senior most judge of Nepal Justice Tahir Ali
Published 10 Mar, 2011 12:00am
'Asma fighting for rule of law'

'Asma fighting for rule of law'

Vice President SCBA Malik Zubair Khalid, Vice Chairman PBC Lehrasab Khan Gondal, its members Ahsan Bhoon, Ramzan Chaudhry and Azam Nazir Tarar and LBA President Shahzad Sheikh said, Asma Jahangir is true voice of legal fraternity and fighting for the rule
Published 10 Mar, 2011 12:00am
PAF-KIET holds 8th convocation ceremony

PAF-KIET holds 8th convocation ceremony

The eighth convocation of Pakistan Air Force - Karachi Institute of Economics and Technology was held on March 5, 2011 at PAF Korangi Creek Campus. A total of 486 graduates were awarded degrees in the disciplines of Business Administration, Computer Scien
Published 10 Mar, 2011 12:00am
Recovery of lawyers: Asma threatens to launch drive

Recovery of lawyers: Asma threatens to launch drive

President Supreme Court Bar Association (SCBA) and renowned human rights activist, Asma Jhangir on Wednesday threatened to launch the countrywide protest campaign against what she called the "inaction" of the provincial government for the recovery of Balo
Published 10 Mar, 2011 12:00am
Latest proposal to IMF team

Latest proposal to IMF team

According to well-informed sources, the Finance Ministry has proposed to the visiting International Monetary Fund (IMF) team to negotiate the 23-day macroeconomic targets (till end March 2011) and the IMF team currently on a visit to Pakistan has extended
Published 10 Mar, 2011 12:00am
Faisalabad carnage

Faisalabad carnage

The murder of a human being is highly condemnable and cannot be atoned for, howsoever holy may be the perpetrator's objective. No religion allows this inhuman act, much less Islam which declares in most unambiguous terms that the murder of a single human
Published 10 Mar, 2011 12:00am
PML-N's proposal

PML-N's proposal

Talking to reporters on Monday, Punjab Chief Minister Shahbaz Sharif disclosed that he had made a phone call to Prime Minister Yousuf Raza Gilani two days earlier to help find a way out of the different crises the country faces. Making it a point to menti
Published 10 Mar, 2011 12:00am
Investment treaty law as a form of global constitutional law

Investment treaty law as a form of global constitutional law

Salmond in his well known work of Jurisprudence,1 while discussing the nature of law had raised a question, "whether or not International law is really a law?" He argued that in Austin's view2 international law does not qualify being a law as to be unifie
Published 10 Mar, 2011 12:00am
BISP working appreciated

BISP working appreciated

Chairman, District Development Committee, Sukkur and MPA Syed Javed Ali Shah on Wednesday termed Benazir Income Support Program (BISP) a reflection of Pakistan People's Party (PPP) manifesto. While talking to a delegation at his office, he said BISP has g
Published 10 Mar, 2011 12:00am
Bilawal Goth

Bilawal Goth

The landgrabbing mafia is on the rampage in Karachi. The other day, the Estate and Enforcement Department of the Lyari Development Authority (LDA), through the print media, released for the general information of the public at large, a long list, with nam
Published 10 Mar, 2011 12:00am
AKF working for flood victims in Gilgit-Baltistan

AKF working for flood victims in Gilgit-Baltistan

The District President of Al-Khidmat Foundation (AKF) and Ameer Jammat Islami Mushtaq Ahmed Advocate said the foundation was continuously working for flood victims in different districts of Gilgit-Baltistan (GB). Talking to APP on Wednesday, he said free
Published 10 Mar, 2011 12:00am
'Pak-US relations again facing challenging times'

'Pak-US relations again facing challenging times'

Seen by many as a marriage of convenience, Pak-US relations are once again facing challenging times with a widening trust deficit; yet the allies in the war on terror have no other option but to support each other to ensure stability in Afghanistan and th
Published 10 Mar, 2011 12:00am
'PPRA causing waste of significant portion of public exchequer'

'PPRA causing waste of significant portion of public exchequer'

Chairman Pakistan Ordnance Factory (POF), Lieutenant General Shujaat Zameer Dar (Retd) said that the Public Procurement Rules (PPRA) was lengthy and complicated which resulted in the waste of significant portion of public exchequer. He said this in a meet
Published 10 Mar, 2011 12:00am
Nadra staff kidnapping termed a politically motivated move

Nadra staff kidnapping termed a politically motivated move

Kidnapping of the staff in a Database and Registration Authority (Nadra) Mobile Van from Airport Road Rawalpindi seems politically motivated move, as some forces are not in favour of increase in the number of registered persons, Business Recorder l
Published 10 Mar, 2011 12:00am
'Approval of 18th Constitutional Amendment a revolutionary step'

'Approval of 18th Constitutional Amendment a revolutionary step'

Khyber Pakhtunkhwa Minister for Inter-Provincial Co-ordination (IPC) & Information and Chairman of the Oversight Committee on Implementation of the 18th Constitutional Amendment, Mian Iftikhar Hussein has said approval of the 18th Constitutional Amendment
Published 10 Mar, 2011 12:00am
Ongoing power projects: Expedite work, says Naveed

Ongoing power projects: Expedite work, says Naveed

Minister for Privatisation, Syed Naveed Qamar, has directed the Ministry of Water and Power and Private Power Infrastructure Board (PPIB) to expedite and timely complete the ongoing private and public sector power projects. Qamar, who has been given addit
Published 10 Mar, 2011 12:00am
Pathanay Khan's death anniversary observed

Pathanay Khan's death anniversary observed

Famous folk singer Pathanay Khan was commemorated on his 11th death anniversary on Wednesday. According to a private news channel, Pathanay Khan was born in 1926 in the village Basti Tambu Wali, situated in the heart of the Thal Desert, several miles from
Published 10 Mar, 2011 12:00am
Iran sends Taliban deadly rockets

Iran sends Taliban deadly rockets

An international intelligence official says that Nato forces have seized the most powerful Iranian-made rockets ever smuggled into Afghanistan for the Taliban's upcoming spring campaign. The official said on Wednesday that about 50 122-millimeter rockets
Published 10 Mar, 2011 12:00am
Indian pilots busted with fake licences

Indian pilots busted with fake licences

Indian aviation regulators have found two more pilots with forged qualifications flying passenger planes, a report said Wednesday, raising questions about safety on the country's booming airlines. The Indian duo were flying as captains on flights for the
Published 10 Mar, 2011 12:00am
UAE activists demand right to elect parliament

UAE activists demand right to elect parliament

A group of citizens in the United Arab Emirates petitioned the rulers Wednesday to allow a popularly elected parliament, signalling that demands for leadership overhauls raging across the Middle East have also reached the oil-rich Gulf federation.
Published 10 Mar, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (March 09, 2011) and the forecast for Thursday (March 10, 2011).

Published 10 Mar, 2011 12:00am
Four killed, 18 hurt in blast near Dera Bugti

Four killed, 18 hurt in blast near Dera Bugti

At least four persons were killed and around 18 others injured in a landmine blast that took place in an area of Dera Bugti district on Wednesday. A pick up carrying some people on board was heading towards Dera Bugti town from Pir Koh gas field area when
Published 10 Mar, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (March 09, 2011) and for Thursday (March 10, 2011).
Published 10 Mar, 2011 12:00am
PSO receives Rs eight billion from Hubco

PSO receives Rs eight billion from Hubco

The cash strapped Pakistan State Oil (PSO) received Rs 8 billion on Wednesday from Hub Power Company (Hubco) on account of fuel supply, it is learnt. PSO had received Rs 20 billion on Tuesday from Water and Power Development Authority (Wapda) and Kot Adu
Published 10 Mar, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 09, 2011).

Published 10 Mar, 2011 12:00am
PSM losses reined in, Supreme Court told

PSM losses reined in, Supreme Court told

The Supreme Court was informed on Wednesday that according to external auditor's forensic report, losses of Pakistan Steel Mills (PSM) have been reined in on the court's action. A two-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry and Ju
Published 10 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 10 Mar, 2011 12:00am
Fake fertiliser company unearthed: 11 held

Fake fertiliser company unearthed: 11 held

The Crime Investigation Agency (CIA) Islamabad has unearthed a fake fertiliser company secretly operating in suburb of Federal Capital and arrested 11 persons, besides seizing huge quantity of raw material and machinery being used to prepare urea fertilis
Published 10 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 10 Mar, 2011 12:00am
NPTS under BISP launched in Malir District area

NPTS under BISP launched in Malir District area

The second phase of National Poverty Targeting Survey (NPTS) under Benazir Income Support Programme (BISP) has been launched in Karachi's Malir District area, says a press release issued here on Wednesday. A gathering of provincial legislators and promine
Published 10 Mar, 2011 12:00am
Business community observes shutter-down strike

Business community observes shutter-down strike

Business Community observed shutter- down strike here on Wednesday. Al least 28 people were killed and over 132 injured in a bomb blast at a CNG station in the Civil Lines Area, here on Wednesday. Most of the shopping and commercial centres remained close
Published 10 Mar, 2011 12:00am
International moot Surgicon 2011 begins on March 12

International moot Surgicon 2011 begins on March 12

Health professionals from all over the world are converging on the city of Lahore to participate in a 2-day International Conference Surgicon 2011 being organised at Allama Iqbal Medical College/Jinnah Hospital Lahore. The inaugural ceremony will be held
Published 10 Mar, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 09, 2011).

Published 10 Mar, 2011 12:00am
PAL launches book on Ghulam Rasool Alampuri

PAL launches book on Ghulam Rasool Alampuri

Maulvi Ghulam Rasool Alampuri is one of the prominent poets of Punjabi language. His poetry covers a variety of subjects relating to religion, Sufism and spiritual love. These views were expressed by Muhammad Mansha Yad while presiding over a seminar on p
Published 10 Mar, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 09, 2011).

Published 10 Mar, 2011 12:00am
Government urged to adopt independent economic policies

Government urged to adopt independent economic policies

Pakistan Industrial and Traders Associations Front (PIAF) has strongly criticised tough condationalities of the International Monetary Fund (IMF) for restarting negotiations with government. PIAF has urged the government to get rid of the IMF at the earli
Published 10 Mar, 2011 12:00am
Flood-hit victims: LCCI hands over possession letters of 40 houses

Flood-hit victims: LCCI hands over possession letters of 40 houses

While fulfilling its promise with the Punjab Chief Minister, the Lahore Chamber of Commerce and Industry (LCCI) has handed over the possession letters of 40 newly built houses to the flood affected people of Basti Manchara Mohna in District Layyah.
Published 10 Mar, 2011 12:00am
Meat prices up by Rs 20 per kg in RYK

Meat prices up by Rs 20 per kg in RYK

The district administration has increased mutton and beef prices by Rs 20 per kilogram in Rahim Yar Khan. The new official price fixed for mutton is Rs 280 per kg and beef Rs 180 per kg. Meanwhile, the administration has strictly banned serving meat dishe
Published 10 Mar, 2011 12:00am
APTPMA to protest cut in gas supply from March 11

APTPMA to protest cut in gas supply from March 11

Sui Northern Gas Pipelines Limited (SNGPL) has started gas shedding for industrial units of the region from Wednesday morning, which will be continued till March 12 at 06:00 am. Resultantly, more than 600 industrial units including textile processing, pri
Published 10 Mar, 2011 12:00am
USAID provides $6.66 million for repair of Tarbela power station

USAID provides $6.66 million for repair of Tarbela power station

The United States Agency for International Development (USAID) has released $6.66 million to the Pakistan Water and Power Development Authority (Wapda) for repair and rehabilitation of Tarbela power station. According to Wapda spokesman, the USAID had sig
Published 10 Mar, 2011 12:00am
Lawyers observe 'Iftikhar Day'

Lawyers observe 'Iftikhar Day'

Lawyers of the city observed "Iftikhar Day" here Wednesday to condemn his suspension on March 09, 2007 by the then President General Pervez Musharraf (Retd). The black flags were hoisted on the bar rooms and a general house meeting was also held in this r
Published 10 Mar, 2011 12:00am
All economic indicators give wrong direction, says Qureshi

All economic indicators give wrong direction, says Qureshi

Ex-Foreign Minister Shah Mehmood Qureshi has said, "all macro and micro economic indicators give wrong direction." Inflation, debt servicing, poverty, energy crises and corruption are increasing with each passing day and are becoming unmanageable.
Published 10 Mar, 2011 12:00am
Capital police directed to give a new look to security arrangements

Capital police directed to give a new look to security arrangements

After reviewing fresh security alerts from intelligence agencies, Federal Minister for interior to give a new look to the security arrangements by making the intelligence sharing more Malik has directed Islamabad Police and other law enforcement agencies
Published 10 Mar, 2011 12:00am
IHC disposes of Rs 19 billion tax recovery case

IHC disposes of Rs 19 billion tax recovery case

The Islamabad High Court (IHC) on Wednesday disposed off a case regarding tax recovery of Rs 19 billion from Pakistan Telecommunication Corporation Limited (PTCL) and Pak Telecom Mobile Limited (PTML), a parent company of U fone. The single bench of IHC c
Published 10 Mar, 2011 12:00am
Four suspected Tehrik-Taliban Pakistan men held

Four suspected Tehrik-Taliban Pakistan men held

Crime Investigation Department (CID) on Wednesday claimed to have arrested four most wanted Tehrik-Taliban Pakistan (TTP) militants and recovered huge cache of weapons and ammunitions.
Published 10 Mar, 2011 12:00am
Hiring of financial advisors: Privatisation Commission meeting today

Hiring of financial advisors: Privatisation Commission meeting today

Federal Minister for Privatisation Water and Power, Syed Naveed Qamar has called the meeting of Board of Privatisation Commission on Thursday (today) to discuss the matters pertaining to the hiring of Financial Advisor (FA) for offloading Exchangeable Bon
Published 10 Mar, 2011 12:00am
Prime Minister directs smooth gas supply to domestic consumers

Prime Minister directs smooth gas supply to domestic consumers

Prime Minister Syed Yousuf Raza Gilani on Wednesday reiterated that uninterrupted gas supply be ensured to give relief to the public particularly the domestic consumers. He directed the Ministry of Petroleum and Natural Resources to establish hot lines an
Published 10 Mar, 2011 12:00am
Samsung launches GALAXY Pro smartphone

Samsung launches GALAXY Pro smartphone

Samsung Electronics Co, Ltd, has launched the GALAXY Pro Smartphone. It features Samsung's integrated Social Hub Premium and the innovative dual-input interface control via a touch-screen and full QWERTY keyboard, the GALAXY Pro is the perfect business pa
Published 10 Mar, 2011 12:00am
Ufone launches android handsets

Ufone launches android handsets

Ufone has set yet another standard with the launch of three amazingly packed android phones. The biggest success lies with the launch of the "Image", Ufone is the first company in Asia to launch this handset which will allow the people of Pakistan to get
Published 10 Mar, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (March 09, 2011).

Published 10 Mar, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (March 09, 2011).

Published 10 Mar, 2011 12:00am
Tax record destruction: Chief Commissioners would be held responsible

Tax record destruction: Chief Commissioners would be held responsible

The Federal Board of Revenue will hold Chief Commissioners directly responsible for the misplacement or destruction of important tax record of the registered persons in the field formations and strict legal action would be taken against concerned official
Published 10 Mar, 2011 12:00am
Tax record destruction: Chief Commissioners would be held responsible

Tax record destruction: Chief Commissioners would be held responsible

The Federal Board of Revenue will hold Chief Commissioners directly responsible for the misplacement or destruction of important tax record of the registered persons in the field formations and strict legal action would be taken against concerned official
Published 10 Mar, 2011 12:00am
Tax record destruction: Chief Commissioners would be held responsible

Tax record destruction: Chief Commissioners would be held responsible

The Federal Board of Revenue will hold Chief Commissioners directly responsible for the misplacement or destruction of important tax record of the registered persons in the field formations and strict legal action would be taken against concerned official
Published 10 Mar, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (March 09, 2011).

Published 10 Mar, 2011 12:00am
MoU with Chinese Company: PPIB realises there were flaws

MoU with Chinese Company: PPIB realises there were flaws

Private Power Infrastructure Board (PPIB) has reportedly acknowledged after two and half years that the Memorandum of Understanding (MoU) signed with the Chinese company, China International Water and Electric Corporation (CWE), for 1100 MW Kohala hydropo
Published 10 Mar, 2011 12:00am
MoU with Chinese Company: PPIB realises there were flaws

MoU with Chinese Company: PPIB realises there were flaws

Private Power Infrastructure Board (PPIB) has reportedly acknowledged after two and half years that the Memorandum of Understanding (MoU) signed with the Chinese company, China International Water and Electric Corporation (CWE), for 1100 MW Kohala hydropo
Published 10 Mar, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 09, 2011).
Published 10 Mar, 2011 12:00am
MoU with Chinese Company: PPIB realises there were flaws

MoU with Chinese Company: PPIB realises there were flaws

Private Power Infrastructure Board (PPIB) has reportedly acknowledged after two and half years that the Memorandum of Understanding (MoU) signed with the Chinese company, China International Water and Electric Corporation (CWE), for 1100 MW Kohala hydropo
Published 10 Mar, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 09, 2011).

Published 10 Mar, 2011 12:00am
TAPI gas line deal getting closer: ADB

TAPI gas line deal getting closer: ADB

The Asian Development Bank (ADB) Country Director, Rune Stroem on Wednesday said Turkmenistan, Afghanistan, Pakistan and India (TAPI) gas pipeline deal is getting closer. Negotiating parties have made satisfactory progress on the deal and gas price issue
Published 10 Mar, 2011 12:00am
TAPI gas line deal getting closer: ADB

TAPI gas line deal getting closer: ADB

The Asian Development Bank (ADB) Country Director, Rune Stroem on Wednesday said Turkmenistan, Afghanistan, Pakistan and India (TAPI) gas pipeline deal is getting closer. Negotiating parties have made satisfactory progress on the deal and gas price issue
Published 10 Mar, 2011 12:00am
TAPI gas line deal getting closer: ADB

TAPI gas line deal getting closer: ADB

The Asian Development Bank (ADB) Country Director, Rune Stroem on Wednesday said Turkmenistan, Afghanistan, Pakistan and India (TAPI) gas pipeline deal is getting closer. Negotiating parties have made satisfactory progress on the deal and gas price issue
Published 10 Mar, 2011 12:00am
Index gains 188.14 points

Index gains 188.14 points

The KSE-100 index on Wednesday increased by 188.14 points to close at the level of 12,128.15 points on the back of reviving interest of investors at the overbought market, analysts said. "The bullish trend was witnessed at the bourse throughout the sessio
Published 10 Mar, 2011 12:00am
Index gains 188.14 points

Index gains 188.14 points

The KSE-100 index on Wednesday increased by 188.14 points to close at the level of 12,128.15 points on the back of reviving interest of investors at the overbought market, analysts said. "The bullish trend was witnessed at the bourse throughout the sessio
Published 10 Mar, 2011 12:00am
Index gains 188.14 points

Index gains 188.14 points

The KSE-100 index on Wednesday increased by 188.14 points to close at the level of 12,128.15 points on the back of reviving interest of investors at the overbought market, analysts said. "The bullish trend was witnessed at the bourse throughout the sessio
Published 10 Mar, 2011 12:00am
BRIndex30 up 173.36 points

BRIndex30 up 173.36 points

On Wednesday, BRIndex30 opened at 8,738.44 and remained positive throughout the trading session. It touched an intraday high of 8,920.92 and an intraday low of 8,738.44 and closed at 8,911.80 which was 173.36 points or 1.98 percent higher than previous cl
Published 10 Mar, 2011 12:00am
BRIndex30 up 173.36 points

BRIndex30 up 173.36 points

On Wednesday, BRIndex30 opened at 8,738.44 and remained positive throughout the trading session. It touched an intraday high of 8,920.92 and an intraday low of 8,738.44 and closed at 8,911.80 which was 173.36 points or 1.98 percent higher than previous cl
Published 10 Mar, 2011 12:00am
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