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Print - 2011-04-02
'Germany can help Pakistan in alternative energy sector'

'Germany can help Pakistan in alternative energy sector'

Germany's renewable energy technologies have become a success story, and the country has the world's largest wind power sector and one of the world's largest solar power market. Germany is planning to increase this share to at least 30 percent by the year
Published 02 Apr, 2011 12:00am
Index sheds 212.93 points to end first quarter of 2011

Index sheds 212.93 points to end first quarter of 2011

The benchmark KSE-100 Index shed 212.93 points (1.8 percent) to end the first quarter of 2011 at 11,809.54 points. The market remained volatile during the quarter, fluctuating by 11.5 percent with a high of 12,681.9 on January 17, 2011 and a low of 11,223
Published 02 Apr, 2011 12:00am
Jewellers deprived of Rs five million property

Jewellers deprived of Rs five million property

Four armed dacoits looted cash, gold ornaments and cell phones worth five million rupees from three jewellers near Adda Kachi Pakki early Friday morning.
Published 02 Apr, 2011 12:00am
Fifth international LPG conference on April 7

Fifth international LPG conference on April 7

The 5th International LPG conference and exhibition "LPG ExpCon 2011" will be held in Islamabad on April 7, 2011, at local hotel. The event is organised by LPG Association of Pakistan (LPGAP), Publicity Channel and Energy Update. This conference is also b
Published 02 Apr, 2011 12:00am
KU staff, students slam desecration of Holy Qur'an

KU staff, students slam desecration of Holy Qur'an

A protest against pastor Terry Jones' heinous act of burning a copy of the Holy Qur'an was held in Karachi University, here on Friday. The staff members of different faculties of KU, students and other general members took part in a demonstration against
Published 02 Apr, 2011 12:00am
Defence of Pakistan has become invincible, says Dr Khan

Defence of Pakistan has become invincible, says Dr Khan

Dr Abuld Qadeer Khan said defence of Pakistan after becoming nuclear power has become invincible and now its up to nation to take the country ahead. Addressing telephonically to the members Lahore High Court Bar Association on the invitation extended by S
Published 02 Apr, 2011 12:00am
Annual mela held at DHA school

Annual mela held at DHA school

A colourful annual mela/carnival was held at Defence Authority Public School (O&A Levels) here on Thursday. The theme of the carnival was "Community Focus" and the school students accordingly highlighted various community services being performed by them
Published 02 Apr, 2011 12:00am
Issues need attention

Issues need attention

I would like the relevant authorities to give some attention towards the issues I am raising. Ghazi Road Lahore Cantt is connected to Defence Road Lahore. This road is not wide enough to accept big buses and heavy trucks. Whenever these big buses pass thr
Published 02 Apr, 2011 12:00am
Why no mention of the word 'C'?

Why no mention of the word 'C'?

Corruption and corruption alone is the number one problem of Pakistan, that is being discussed, debated and analyzed, with all the ensuing ramifications, resultant adverse impacts and devastating effects on country's economy, stability, governance, admini
Published 02 Apr, 2011 12:00am
The truth needs uncovering

The truth needs uncovering

Pakistan lost the semi-final match of the ICC World Cup contest. But, the fact that in spite of the malicious campaign against our team that has gone on since its last visit to the UK, winning crucial matches against Sri-Lanka and Australia and reaching t
Published 02 Apr, 2011 12:00am
Loss-making SOEs

Loss-making SOEs

We still have a large public sector despite a considerable privatisation effort of the 1990s.According to some estimates, there are still 255 public enterprises on the roll in a variety of sectors ranging from airlines, railways and road-building to banki
Published 02 Apr, 2011 12:00am
Water markets

Water markets

A lot of water used for drinking and other household purposes in Faisalabad is pumped in and then piped from Chiniot. A lot of water that people in Islamabad use comes from Haripur and other adjoining areas. Nestle has a huge plant in Sheikhupura. They pu
Published 02 Apr, 2011 12:00am
Damage caused by chemical fertilisers

Damage caused by chemical fertilisers

The hype about food shortages was created by the west in the early sixties and the fear led to the creation of the international research centres. The wheat and maize research centre was located in Mexico. The centre is in the equatorial region and at an
Published 02 Apr, 2011 12:00am
Benazir's assassins identified and arrested?

Benazir's assassins identified and arrested?

Addressing PPP workers in Gujjar Khan, where he had gone to inaugurate a passport office, Interior Minister Rehman Malik claimed that the government had reached all those involved in planning and executing the assassination of Benazir Bhutto. Said he, "We
Published 02 Apr, 2011 12:00am
Currency in circulation and inflation

Currency in circulation and inflation

It seems that Finance Minister Hafeez Sheikh tries to utilise every opportunity to educate legislators of the country about the fundamental principles governing various areas of the economy including the financial sector and their inter-linkages.
Published 02 Apr, 2011 12:00am
How to increase revenues: FBR ignores economists' proposals

How to increase revenues: FBR ignores economists' proposals

The taxation proposals identified by the panel of economists led by Dr Hafiz Pasha under the 'Short term Home Grown Stabilisation Programme: 2008-2010' submitted in October 2008 are said to have been completely ignored by the Federal Board of Revenue (FBR
Published 02 Apr, 2011 12:00am
Attack on JUI-F chief: strike observed in parts of Balochistan

Attack on JUI-F chief: strike observed in parts of Balochistan

A complete strike was observed on Friday in parts of Balochistan against the attack on Jamiat Ulema-e-Islam chief Maulan Fazal-ur-Rehman. Political and religious parties besides Anjuman-e-Tajran endorsed the called given by the JUI-F to record their prote
Published 02 Apr, 2011 12:00am
Flood Commission's members visit affected areas in Khyber Pakhtunkhwa

Flood Commission's members visit affected areas in Khyber Pakhtunkhwa

Members of judicial commission constituted by Supreme Court on floods Friday visited Khyber-Pakhtunkhwa to conduct field visit of the flood affected areas. The members were given detailed briefing by officials of Provincial Disaster Management Authority (
Published 02 Apr, 2011 12:00am
Prime Minister, cricket team meeting put off

Prime Minister, cricket team meeting put off

Prime Minister Syed Yousuf Raza Gilani's scheduled meeting with Pakistan cricket team on April 4 has been postponed due to the death anniversary of the late Zulfiqar Ali Bhutto. A press release issued by the Prime Minister House on Friday said that the ne
Published 02 Apr, 2011 12:00am
'New entrant auto policy' being given final touches

'New entrant auto policy' being given final touches

Engineering Development Board (EDB) is reportedly giving final touches to the new entrant auto policy which is expected to be submitted before the Economic Co-ordination Committee of the Cabinet shortly, sources in Ministry of Industries and Production (M
Published 02 Apr, 2011 12:00am
'Inventors', consumers' rights to be protected by relevant laws'

'Inventors', consumers' rights to be protected by relevant laws'

Chairman Intellectual Property Organisation of Pakistan (IPO-Pak) Hameedullah Jan Afridi has said that consumers and inventors' rights would be protected by introducing fair business practices and strict compliance with relevant laws to achieve the target
Published 02 Apr, 2011 12:00am
'Multi-pronged plan needed to end economic woes'

'Multi-pronged plan needed to end economic woes'

There is no out of the box solution to solve the economic problems in the short-term, as the only available option to stabilise the economy includes greater transparency in the working of the government, broadening the tax base and concrete measures on ex
Published 02 Apr, 2011 12:00am
Moderates condemns attack on JUI-F chief

Moderates condemns attack on JUI-F chief

"The assassination attempts on Maulana Fazlur Rehman, first in Swabi and now in Charsadda, are further proof that the terrorists are out to silence any moderate voices in Pakistan including religious leaders." This was stated by Syed Jawaid Iqbal, Chairma
Published 02 Apr, 2011 12:00am
Flowers termed part and parcel of life

Flowers termed part and parcel of life

Nayyar Hussain Bukhari, Leader of the House in Senate said that flowers are part and parcel of our life, as they add beauty and fragrance to our gardens, our homes as well our lives. Apart from beautification, flowers and roses are great source of recreat
Published 02 Apr, 2011 12:00am
Khyber Pakhtunkhwa approves plan for improvement in TMAs' working

Khyber Pakhtunkhwa approves plan for improvement in TMAs' working

Chief Minister Khyber Pakthunkhwa, Ameer Haider Khan Hoti has approved a comprehensive plan to improve working of the Tehsil Municipal Administrations (TMAs) across the province, saying the TMA showing efficiency would be encouraged. He said this while ch
Published 02 Apr, 2011 12:00am
FPCCI for withdrawal of POL prices raise

FPCCI for withdrawal of POL prices raise

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for withdrawal of increase in the petroleum prices to strengthen industry and trade activities and provide some relief to the common man. In a statement here on Friday, Vice Presi
Published 02 Apr, 2011 12:00am
Commodity debt may swell to Rs 526 billion from Rs 364 billion

Commodity debt may swell to Rs 526 billion from Rs 364 billion

The commodity (wheat, sugar, rice and urea) debt is expected to swell to Rs 526 billion, which at present stands at Rs 364 billion, officials at Ministry of Food, Agriculture and Livestock (Minfal) told Business Recorder here on Friday. Sources sai
Published 02 Apr, 2011 12:00am
Increase in petroleum prices opposed by PTA

Increase in petroleum prices opposed by PTA

Khurshid Alam, Chairman, Pakistan Tanners Association (Central) has strongly criticised the decision of the government for increasing oil prices up to 13 percent to control the budget deficit, which is not justified and it will ultimately damage the cause
Published 02 Apr, 2011 12:00am
200 investors transfer investment to Bangladesh: Senate informed

200 investors transfer investment to Bangladesh: Senate informed

As many as 200 Pakistani investors have transferred their investment to Bangladesh during last six months. Senator Haroon Akhtar Khan on Friday said on the floor of the Upper House of the Parliament that a total of 200 Pakistani investors have shifted the
Published 02 Apr, 2011 12:00am
Three watchmen of Nato oil tankers slaughtered

Three watchmen of Nato oil tankers slaughtered

Unidentified armed men slaughtered three watchmen of the Nato oil tankers terminal and kidnapped their two other colleagues during wee hours of Friday morning. According to the officials of political administration of tehsil Landi Kotal, Khyber Agency, un
Published 02 Apr, 2011 12:00am
Bill to promote investment sails through Senate

Bill to promote investment sails through Senate

The Senate on Friday unanimously passed "The Arbitration (International Investment Disputes) Bill, 2010 and The Code of Criminal Procedure (Amendment) Bill, 2010." Federal Minister for Law, Justice and Parliamentary Affairs Dr Babar Awan presented separat
Published 02 Apr, 2011 12:00am
Burns Road: health does not matter

Burns Road: health does not matter

Oozing out gutters, garbage lying all over the streets, eatables being sold without any cover, it is Burns Road. A survey of Burns Road was conducted on Friday which presents a sad picture of the area. Garbage collectors daily visit the area and clean it
Published 02 Apr, 2011 12:00am
FAFEN report: Sindh tops political violence list

FAFEN report: Sindh tops political violence list

Around 240 incidents of political violence occurred in the last three months from December 2010 to February 2011, out of which 90 incidents were reported in Sindh, 78 in Balochistan, 45 in Khyber-Pakhtunkhwa, 18 in FATA, five in Gilgit-Baltistan, whereas
Published 02 Apr, 2011 12:00am
Fresh spree of targeted killings claims five lives

Fresh spree of targeted killings claims five lives

After unprecedented targeted killings in March, a fresh spree of the same has engulfed the city again from the beginning of April, claiming five more lives including an activist of Muttahida Qaumi Movement (MQM) on Friday. According to details, the victim
Published 02 Apr, 2011 12:00am
Election petition dismissed

Election petition dismissed

The Lahore High Court acting as an election tribunal here Friday dismissed an election petition challenging election of Pakistan Muslim League-Nawaz (PML-N) MNA Malik Riaz on the allegation of possessing bogus BA degree. Asif Hashmi, Chairman Evacuee Trus
Published 02 Apr, 2011 12:00am
Singer profit after tax increases

Singer profit after tax increases

The profit after tax of Singer Pakistan Limited has increased to Rs 27.921 million in year ended December 31, 2010, as compared to Rs 15.503 million earned in the corresponding period in 2009. The company's earning per share increased to Re 0.82 in the pe
Published 02 Apr, 2011 12:00am
Singer profit after tax increases

Singer profit after tax increases

The profit after tax of Singer Pakistan Limited has increased to Rs 27.921 million in year ended December 31, 2010, as compared to Rs 15.503 million earned in the corresponding period in 2009. The company's earning per share increased to Re 0.82 in the pe
Published 02 Apr, 2011 12:00am
POL prices hike termed 'enmity with people'

POL prices hike termed 'enmity with people'

Senior Advisor to Chief Minister Punjab, Sardar Zulfiqar Ali Khan Khosa on Friday termed increase in the prices of petroleum prices an enmity with people. He said that instead of providing relief to the masses, federal government is creating problems for
Published 02 Apr, 2011 12:00am
Businessmen reject 'bulk increase'

Businessmen reject 'bulk increase'

The business community has criticised the government for making 'bulk' increase in petroleum prices in one-go and termed it a very bad news for the country's economy which is already facing a number of challenges.
Published 02 Apr, 2011 12:00am
LHC moved against hike

LHC moved against hike

The increase in petroleum prices has been challenged before the Lahore High Court. Petitioner Mateenul Haq Chaudhry Advocate filed a civil miscellaneous application in his already pending petition against increased in POL prices. He contended that the mat
Published 02 Apr, 2011 12:00am
'POL prices hike to burden agriculture sector heavily'

'POL prices hike to burden agriculture sector heavily'

Various growers organisations have taken strong exception over the sharp increase in diesel prices and said it will put an additional burden of rupees 40 billion on the rural economy that would ultimately affect the country's agriculture sector.
Published 02 Apr, 2011 12:00am
Political parties criticise petroleum prices hike

Political parties criticise petroleum prices hike

Pakistan Muslim League-Nawaz (PML-N) has rejected hike in the petroleum prices by up to 13-percent and asked the Pakistan Peoples Party-led coalition government to withdraw the decision. PML-N Quaid Muhammad Nawaz Sharif said that fresh hike in petroleum
Published 02 Apr, 2011 12:00am
Industrialists, traders reject oil price hike

Industrialists, traders reject oil price hike

Industrialists and traders alike have criticised repeated hike in petroleum prices and said that oil is the lifeline of transport and increase in its prices will raise the cost of doing business. Taking serious notice of the adverse impact of the decision
Published 02 Apr, 2011 12:00am
Recovery of missing doctor: LHC adjourns hearing of petition

Recovery of missing doctor: LHC adjourns hearing of petition

The Lahore High Court (LHC) here on Friday adjourned to April 19 the hearing of a petition seeking recovery of missing doctor Abdullah of Jinnah hospital. On Friday, a federal law officer told the court that, as Ali Abdullah's case had been referred to Ju
Published 02 Apr, 2011 12:00am
'Kissan Mela' held to raise awareness among farmers

'Kissan Mela' held to raise awareness among farmers

In order to create awareness among the farmers' community about innovative technologies in the agriculture sector, a Kissan Mela was held in Model Village Chak 16, Southern Punjab under the auspices of Zarai Taraqiati Bank Ltd (ZTBL), said a press release
Published 02 Apr, 2011 12:00am
Loadshedding duration increases

Loadshedding duration increases

with the rise in mercury, prolonged electricity loadshedding is being carried out across the country particularly in rural areas. According to sources in Pakistan Electric Power Company (Pepco), the loadshedding duration in remote areas of Sindh and Baloc
Published 02 Apr, 2011 12:00am
Rewarding cricket team: LHC moved for restraining Punjab chief minister

Rewarding cricket team: LHC moved for restraining Punjab chief minister

A petition has filed before the Lahore High Court praying to restrain Chief Minister Punjab, Shahbaz Sharif from giving cash prize to Pakistan cricket team players from the public exchequer. The petitioner Barrister Javed Iqbal Jaffrey said that the chief
Published 02 Apr, 2011 12:00am
MoIP wants to link BISP with USC

MoIP wants to link BISP with USC

Ministry of Industries and Production (MoIP) wanted to link Benazir Income Support Programme (BISP) with Utility Stores Corporation (USC), sources in the Finance Ministry said. An official of the Finance Ministry told Business Recorder that Ministr
Published 02 Apr, 2011 12:00am
India provides Samjhota Express investigation report: Malik

India provides Samjhota Express investigation report: Malik

Federal Minister for Interior Rehman Malik said on Friday that India provided Samjhota Express blast investigation report to Pakistan and both countries agreed to talk on Kashmir and other pending issues on equal basis. Talking to reporters outside the Pa
Published 02 Apr, 2011 12:00am
Cinepax case: CCP allows holding five shows for underprivileged

Cinepax case: CCP allows holding five shows for underprivileged

A bench of Competition Commission of Pakistan (CCP), comprising of Ms Rahat Kaunain Hassan, Chairperson of CCP and Dr Joseph Wilson, (Member), has passed an order in the matter of M/s. Cinepax Limited ('Cinepax'). CCP issued the decision, here on Friday.
Published 02 Apr, 2011 12:00am
Seventh session of Pak-Kazakh JMC on April 15

Seventh session of Pak-Kazakh JMC on April 15

Pakistan and Kazakhstan have agreed to call the 7th session of Pak-Kazakh Joint Ministerial Commission (JMC) on April 15, 2011. The decision was made in the meeting held on Friday between Syed Naveed Qamar, Federal Minister for Privatisation, Water & Powe
Published 02 Apr, 2011 12:00am
Inaugural dinner of PBC held

Inaugural dinner of PBC held

Inaugural dinner of the Pakistan Economic Forum under the aegis of Pakistan Business Council (PBC) was held on Thursday evening at the Lahore University of Management Sciences (LUMS) the other day. Leading economists, bankers, media persons and politician
Published 02 Apr, 2011 12:00am
The Weather

The Weather

The weather report on Friday (April 01, 2011) and the forecast for Friday (April 01, 2011).

Published 02 Apr, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (April 01, 2011).

Published 02 Apr, 2011 12:00am
Judges' extension: Supreme Court puts its order on hold

Judges' extension: Supreme Court puts its order on hold

The Supreme Court on Friday put till April 11 its order on hold. The order was in relation to grant of one-year extension to four additional judges of Lahore High Court (LHC) and two of Sindh High Court (SHC) by overturning the Parliamentary Committee on
Published 02 Apr, 2011 12:00am
Judges' extension: Supreme Court puts its order on hold

Judges' extension: Supreme Court puts its order on hold

The Supreme Court on Friday put till April 11 its order on hold. The order was in relation to grant of one-year extension to four additional judges of Lahore High Court (LHC) and two of Sindh High Court (SHC) by overturning the Parliamentary Committee on
Published 02 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 02 Apr, 2011 12:00am
Government releases Rs 111.9 billion to various ministries

Government releases Rs 111.9 billion to various ministries

Government has released Rs 111.9 billion to different ministries and divisions for development projects under Public Sector Development Programme (PSDP) during the first three quarters (July to March 31) of the on-going financial year 2010-11. Government
Published 02 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 02 Apr, 2011 12:00am
Various new development schemes approved

Various new development schemes approved

The District Development Committee has approved various new development schemes including development of district sports complex at a cost of Rs 5.265 million. DCO Naseem Sadiq said that under the scheme, the carpet construction of ring road in court prem
Published 02 Apr, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 29, 2011.

Published 02 Apr, 2011 12:00am
PARB committee approves two projects

PARB committee approves two projects

The Punjab Agriculture Research Board (PARB) Executive Committee has recommended two projects for enhancing performance of buffalo through improved feeding management and enhancement of cost effective mutton production for final approval by the Board.
Published 02 Apr, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 29, 2011.

Published 02 Apr, 2011 12:00am
ZAB death anniversary on April 4

ZAB death anniversary on April 4

Quaid-e-Awam Shaheed Zulfiqar Ali Bhutto's (ZAB) 32nd death anniversary will be observed on April 4, with traditional zeal and fervour in both parts of Jammu Kashmir. Central Vise President of Pakistan Peoples Party's (PPP) AJK chapter Chaudhry Muhammad Y
Published 02 Apr, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 29, 2011.

Published 02 Apr, 2011 12:00am
10 injured in Darra suicide blast

10 injured in Darra suicide blast

At least 10 persons were reportedly injured in a suspected suicide attack at Darra Adamkhel, a tribal area of Kohat district on Friday, officials said. The suicide bomber blew himself up when he was asked by Khasadar Force to stop for search while enterin
Published 02 Apr, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (April 01, 2011).

Published 02 Apr, 2011 12:00am
Balochistan Assembly supports reopening of ZAB case

Balochistan Assembly supports reopening of ZAB case

Balochistan Assembly on Friday unanimously passed a resolution demanding the apex court to reopen and conduct hearing of case in which founding leader of Pakistan Peoples Party (PPP), Zulfiqar Ali Bhutto was hanged. Speaker of the assembly, Muhammad Aslam
Published 02 Apr, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (April 01, 2011) and for Saturday (April 02, 2011).
Published 02 Apr, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (April 01, 2011).

Published 02 Apr, 2011 12:00am
Bhutto hanging case: Kasuri wants to be a party in reference

Bhutto hanging case: Kasuri wants to be a party in reference

"I am the aggrieved, necessary and proper party in the presidential reference being filed by the PPP government in the Supreme Court to revisit the death sentence awarded to Zulfikar Ali Bhutto in murder case of Nawab Mohammad Ahmad Khan in 1979," Ahmad R
Published 02 Apr, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (April 01, 2011).

Published 02 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 01, 2011).

Published 02 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 01, 2011).

Published 02 Apr, 2011 12:00am
President congratulates APNS office-bearers

President congratulates APNS office-bearers

President Asif Ali Zardari on Friday congratulated the newly elected office-bearers of All Pakistan Newspapers Society (APNS). The President felicitated Hameed Haroon and Sarmad Ali on their re-election as the president and general secretary and said it s
Published 02 Apr, 2011 12:00am
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