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Print - 2011-04-06
Written-off loans

Written-off loans

This is the third time when the issue of written-off loans has been taken up at the highest echelons of the country. The first attempt was made by the interim government of Moin Qureshi when the lists of defaulters were also published in newspapers but th
Published 06 Apr, 2011 12:00am
The oil price increase of 1st April

The oil price increase of 1st April

HSD prices (Rs 92.89 per litre now) have been enhanced by 13%, while gasoline (Rs 81.06 per litre now) prices by 9.5%, although, it might have been better if it was the other way round. Commenting on the recent petrol and diesel price increase of the mont
Published 06 Apr, 2011 12:00am
Tenants' fight for rights

Tenants' fight for rights

Tenants on state-owned lands in Khanewal and the Punjab government remain embroiled in a fight over ownership rights. Farmers in seven villages of Khanewal district are on a hunger strike led by the Anjuman-e-Mazareen (association of tenants) to press for
Published 06 Apr, 2011 12:00am
Inflation outlook

Inflation outlook

The State Bank of Pakistan is in agreement with most of the economic analysts in the country that inflationary tendencies in the economy could accentuate in the coming months. According to its latest Inflation Monitor, it was for the first time in Februar
Published 06 Apr, 2011 12:00am
Transfers, postings in FBR

Transfers, postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted 28 officials of Pakistan Customs Service (Grade-17 to 19) with immediate effect.
Published 06 Apr, 2011 12:00am
Shutter-down strike observed in Chilas

Shutter-down strike observed in Chilas

A complete shutter-down strike was observed in Chilas against robbery incidents. Traders took out a protest rally and demanded from the district administration to provide foolproof security. Addressing the protesters, office-bearers of traders association
Published 06 Apr, 2011 12:00am
No Boeing aircraft being grounded: PIA

No Boeing aircraft being grounded: PIA

The Pakistan International Airlines (PIA) has not grounded Boeing aircraft, as they are fit and being flown regularly, said PIA Spokesperson M. Tajur on Tuesday. He contradicted a news broadcast by a private news channel that Boeing aircraft of PIA were b
Published 06 Apr, 2011 12:00am
ICCI visits Special Olympics training camp

ICCI visits Special Olympics training camp

Special Olympics Pakistan has started the third training camp at Sports Complex in preparation for the world Summer Games 2011 that will commence in Athens, Greece from June 20 to July 5.
Published 06 Apr, 2011 12:00am
Microfinance institutions: 2.1 million people being provided services

Microfinance institutions: 2.1 million people being provided services

As many as 35 organisations are providing services to about 2.1 million people in the country and these services not only include just extending micro credit but other services such as savings, life and health insurance and enterprise development.
Published 06 Apr, 2011 12:00am
Erra completes 52 percent projects in last two years

Erra completes 52 percent projects in last two years

Earthquake Reconstruction and Rehabilitation Authority (Erra) completed 6,732 projects during last two years among the total 12,927 projects awarded to the authority. Talking to newsmen on Tuesday an official of Erra told newsmen that the authority had co
Published 06 Apr, 2011 12:00am
Kashmir is internationally accepted dispute: Ali Geelani

Kashmir is internationally accepted dispute: Ali Geelani

Veteran Kashmiri Hurriyet leader, Syed Ali Geelani has said that Kashmir is neither law and order problem nor a communal issue but an internationally accepted dispute which has historical background. Ali Geelani, while talking to the 10-member civil socie
Published 06 Apr, 2011 12:00am
IBA Marketing Club AIMS higher

IBA Marketing Club AIMS higher

After the astounding success of Brandorama 2010 and KFC AdWar 2011, IBA Marketing Club never rested and AIMED even higher by presenting its mega event of the year, AIMS (Annual IBA Marketing Summit) 2011 on Sunday, the 3rd of April, 2011, at the IBA Main
Published 06 Apr, 2011 12:00am
Old rules: Customs officials allowed to take reward

Old rules: Customs officials allowed to take reward

The Federal Board of Revenue (FBR) has allowed the customs officials to take rewards under the old rules in big cases of detection/seizure made before the announcement of the Unified Reward Rules-2006. In this regard, the FBR has issued a circular on the
Published 06 Apr, 2011 12:00am
Rice export under pressure due to unrest in Middle East: exporters

Rice export under pressure due to unrest in Middle East: exporters

Pakistan's rice export has come under further pressure due to the current political turmoil in the Middle Eastern and Gulf countries, former chairman Rice Exporters Association of Pakistan (Reap) Azhar Akhtar told Business Recorder here on Tuesday.
Published 06 Apr, 2011 12:00am
ZAB case: Law ministry consultant inspects record

ZAB case: Law ministry consultant inspects record

A law ministry consultant Arif Chaudhry here Tuesday inspected record of the trial and sentence case of former prime minister Zulfiqar Ali Bhutto in Lahore High Court. Chaudhry inspected case documents in closed record room along-with other officials of t
Published 06 Apr, 2011 12:00am
PFS&SA Act 2011 to be presented in PA soon

PFS&SA Act 2011 to be presented in PA soon

Punjab Food Safety and Standard Authority(PFS&SA) Act 2011 is almost ready and will soon be presented in the provincial assembly for approval and earliest implemented. This was stated by the Punjab Food Minister Chaudhry Abdul Ghafoor while chairing a mee
Published 06 Apr, 2011 12:00am
Lahore Shopping Festival: LCCI organises various events

Lahore Shopping Festival: LCCI organises various events

The Lahore Chamber of Commerce and Industry (LCCI) as a part of "Lahore Shopping Festival" on Tuesday organised different events including young entrepreneurs business plan competition, opening of photography competition and exhibition "My Lahore" and Vin
Published 06 Apr, 2011 12:00am
GCU gets English dictionary in Braille

GCU gets English dictionary in Braille

Government College University (GCU) Library has acquired English to English dictionary in Braille for the visually impaired students of the university. Iqra Educational Trust, United Kingdom, Chairman Anees Qari on Tuesday donated the dictionary to GCU Vi
Published 06 Apr, 2011 12:00am
LDA to auction 26 shops today

LDA to auction 26 shops today

The Lahore Development Authority (LDA) will auction 26 shops at the lower ground floor, besides the space for a restaurant on first floor, of the Park and Ride Plaza on Wednesday (today). According to a LDA's spokesperson, all arrangements had been finali
Published 06 Apr, 2011 12:00am
Harvesting of wheat starts in Punjab

Harvesting of wheat starts in Punjab

Harvesting of wheat has started from today (Tuesday) in Rajanpur, Dera Ghazi Khan, Muzaffargarh, Rahim Yar Khan and Bahawalpur districts and farmers are getting average per acre yield from 31-32 maunds per acre against the expectation of 35 maund per acre
Published 06 Apr, 2011 12:00am
Imtiaz nominated as member jails reform committee

Imtiaz nominated as member jails reform committee

President Lahore High Court Bar Association has nominated Imtiaz Rashid Qureshi as member jails reform committee of the bar. Imtiaz Qureshi is media advisor to Safe Judiciary Committee. Qureshi determined to erect corruption from jails and to work for the
Published 06 Apr, 2011 12:00am
Punjab government criticised for ignoring doctors' demands

Punjab government criticised for ignoring doctors' demands

Jamaat-e-Islami (JI) Secretary General Liaquat Baloch has condemned the Punjab government's apathy towards the young doctors' demands and accused it of playing with the lives of patients. He said that the Punjab rulers, who are spending billions of rupees
Published 06 Apr, 2011 12:00am
'JI to launch movement for Islamic revolution'

'JI to launch movement for Islamic revolution'

Re-opening Zulfikar Ali Bhutto (ZAB) case is an attempt to divert the attention of people from Benazir Bhutto murder case, said JI Punjab Ameer Dr Waseem Akhtar on Tuesday. He said that JI will launch a great movement for Islamic revolution and a mass-con
Published 06 Apr, 2011 12:00am
Hydel, renewable energy power projects: China seeks to invest

Hydel, renewable energy power projects: China seeks to invest

China has expressed keen interest to invest in hydel and renewable energy power projects in Pakistan and to join hands with Wapda for development of various large-scale hydropower projects. The interest was shown by the head of the ten- member Chinese del
Published 06 Apr, 2011 12:00am
OGDCL clarification

OGDCL clarification

Apropos a news item carried by Business Recorder under caption "MOP asks OGDCL to scrap KPD project" on 01st April 2011, it is clarified that there is no such proposal under consideration and the project is at Technical Evaluation stage. OGDCL has
Published 06 Apr, 2011 12:00am
ACLC arrests 19 car lifters, recovers 36 vehicles

ACLC arrests 19 car lifters, recovers 36 vehicles

Anti Car Lifting Cell (ACLC) on Tuesday claimed to have arrested 19 car lifters from different parts of the metropolis and recovered 36 vehicles, weapons and fake number plated from their possession. According to SSP ACLC Javed Akbar Riaz, several teams o
Published 06 Apr, 2011 12:00am
LRC promoting healthy activities in Lyari

LRC promoting healthy activities in Lyari

Lyari Resource Center (LRC) would help change perception about Lyari in the minds of the people, Ashiq Moin Abbasi Assistant Town Officer Lyari said here on Tuesday. LRC is a center where people can submit their complaints and get help for enhancing their
Published 06 Apr, 2011 12:00am
LHWs boycott polio drive, vaccination programmes

LHWs boycott polio drive, vaccination programmes

All Pakistan Lady Health Workers (LHWs) on Tuesday boycotted the polio campaign, EPI vaccination, TB dotts programme, malaria programme and daily reporting of their regular tasks till the fulfilment of their demands. In a programme initiated by former pri
Published 06 Apr, 2011 12:00am
Standard Chartered launches new Priority Banking Offering

Standard Chartered launches new Priority Banking Offering

Standard Chartered has launched a new enhanced Priority Banking offering for Pakistan's increasingly sophisticated and discerning banking customers. The new service for customers with high investible assets combines highly customised financial solutions c
Published 06 Apr, 2011 12:00am
Toxic medicine claims girl's life

Toxic medicine claims girl's life

A minor girl was killed by consuming toxic medicine mistakenly in Ward no 4 area of Dera Murad Jamali (DMJ), police said on Tuesday. Police said that 10 year-old girl Zareena had taken a poisonous medicine mistakenly, which proved fatal and she died on wa
Published 06 Apr, 2011 12:00am
Narcotics seized in Landi Kotal

Narcotics seized in Landi Kotal

The Khasadar Force on Monday seized 10 kilogram fine quality narcotics from Loi Shalman Khunda Khel area on Tuesday. Political Agent Landi Kotal Mohammad Iqbal Khattak received a tip-off about smuggling bid of narcotics at Loi Shalman Khunda Khel area to
Published 06 Apr, 2011 12:00am
ZTBL told to work out delivery of 10,000 tractors

ZTBL told to work out delivery of 10,000 tractors

Federal Minister for Food, Agriculture and Livestock (Minfal) Israrullah Zehri has directed the Zarai Taraqiati Bank Limited (ZTBL) to work out the delivery of 10,000 tractors in the second phase of federal government's subsidised Benazir Tractor Scheme (
Published 06 Apr, 2011 12:00am
Three including police informer gunned down

Three including police informer gunned down

At least three persons including police informer were gunned down in separate incidents of targeted killing at various parts of the metropolis here on Tuesday. According to details, police informer 35-year-old Fazal Karim son of Abdul Karim, a resident of
Published 06 Apr, 2011 12:00am
Cotton production target may be fixed at 15 million bales

Cotton production target may be fixed at 15 million bales

The government is likely set cotton production target for the year at 15 million bales against 14 million bales of last year. According to sources in the Ministry of Food, Agriculture and Livestock (Minfal), last year cotton growers received double price
Published 06 Apr, 2011 12:00am
SECP passes 24 orders

SECP passes 24 orders

As part of its enforcement and regulatory function, the Securities and Exchange Commission of Pakistan (SECP) passed 24 orders in March, fining defaulting listed and unlisted companies. In order to safeguard the interests of investors and stakeholders and
Published 06 Apr, 2011 12:00am
UAF rally demands restoration of HEC status

UAF rally demands restoration of HEC status

Academic Staff Association, University of Agriculture Faisalabad (UAF) on Tuesday took out a rally to register their demand in favour of Higher Education Commission. The rally was started from Faculty of Animal Husbandry, UAF and concluded at Iqbal Audito
Published 06 Apr, 2011 12:00am
House listing phase launched in Khyber Pakhtunkhwa

House listing phase launched in Khyber Pakhtunkhwa

House listing phase of the National Census 2011 was Tuesday launched in Khyber Pakhtunkhwa. Senior Minister Rahimdad Khan formally inaugurated the house listing phase on behalf of the Chief Minister, Ameer Haider Khan Hoti in a simple but impressive cerem
Published 06 Apr, 2011 12:00am
Australian HC visits UAF

Australian HC visits UAF

Australian Higher Commissioner, Tim George said that the University of Agriculture Faisalabad (UAF) and his country would increase the pace of work on the ongoing projects. Tim said that Australia and UAF are working on various projects including citrus,
Published 06 Apr, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (April 05, 2011) and the forecast for Wednesday (April 06, 2011).

Published 06 Apr, 2011 12:00am
Senators join hands against kidnappings in Balochistan

Senators join hands against kidnappings in Balochistan

Senators, both from opposition and treasury benches on Tuesday joined hands against the rising incidents of kidnapping in Balochistan and staged walkout from the House to express solidarity with the families of the missing persons. The token walkout, anno
Published 06 Apr, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 05, 2011).

Published 06 Apr, 2011 12:00am
Senators' absence forces Chairman to defer most of agenda items

Senators' absence forces Chairman to defer most of agenda items

The absence of the lawmakers from Senate session on Tuesday forced Chairman Senate to defer most of the agenda items of national importance. The House only took up introduction of two bills including The Indus River System Authority (Amendment) Bill, 2010
Published 06 Apr, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 05, 2011).

Published 06 Apr, 2011 12:00am
Cameron seeks unbreakable ties between Britain, Pakistan

Cameron seeks unbreakable ties between Britain, Pakistan

British Prime Minister David Cameron said on Tuesday that Britain wants a fresh start in bilateral ties helping Pakistan to become secure, prosperous, open and flourishing. Addressing students and faculty members of COMSATS University here, he said, "I co
Published 06 Apr, 2011 12:00am
FBR clarifies delegation of administration powers

FBR clarifies delegation of administration powers

The Federal Board of Revenue has clarified that postings/transfers of all officers (BS-16 & above) from one Collectorate/Directorate to another will only be considered by the Board. According to a letter of the FBR on the issue of delegation of administra
Published 06 Apr, 2011 12:00am
NBP launches vocational training programme for women

NBP launches vocational training programme for women

The National Bank of Pakistan on Tuesday launched a vocational training programme for the females in Dar-ul-Aman, situated in Mandia, Abbottabad. The programme launched under the aegis of Corporate Social Responsibility (CSR) wing of National Bank of Paki
Published 06 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 06 Apr, 2011 12:00am
Islamabad Police resolve 1,393 criminal cases

Islamabad Police resolve 1,393 criminal cases

Islamabad Police during the first quarter of 2011 have succeeded in resolving a total of 1,393 criminal cases through effective investigation. During the first quarter 19 murder cases, 23 attempt to murder cases, 30 dacoity related cases, 397 drug traffic
Published 06 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 06 Apr, 2011 12:00am
Strawberry emerges as cash fruit crop in Khyber Pakhtunkhwa

Strawberry emerges as cash fruit crop in Khyber Pakhtunkhwa

Strawberry is emerging as cash fruit crop in Charsadda and Mardan districts of Khyber Pakhtunkhwa and farmers are getting higher return as compared to all other Rabi crops. These views were expressed by agricultural experts in a farmers' training programm
Published 06 Apr, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 05, 2011).

Published 06 Apr, 2011 12:00am
Deputy Chairman Nadra gets ID 'People Award'

Deputy Chairman Nadra gets ID 'People Award'

In recognition of establishing the largest database of 1.409 million Afghan Refugees swiftly, Tariq Malik, Deputy Chairman National Database and Registration Authority (Nadra) was awarded the prestigious ID 'People Award' by ID technologists in an interna
Published 06 Apr, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (April 05, 2011) and for Wednesday (April 06, 2011).
Published 06 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 Tuesday (April 05, 2011).

Published 06 Apr, 2011 12:00am
Symposium 'year 2011 friendship' held at Peking University

Symposium 'year 2011 friendship' held at Peking University

Department of Urdu and Pak Studies Peking University China organised a symposium year 2011 friendship here in International Exchange Centre in Peking University. The objective of the symposium was to find out possible avenues to accelerate the social rela
Published 06 Apr, 2011 12:00am
'PPP, PML-N have lost majority in Punjab'

'PPP, PML-N have lost majority in Punjab'

Head of Awami Muslim League, Shaikh Rasheed Ahmed has said PPP and PML-N have lost majority in centre and Punjab. He was talking to the media after meeting with leader of PML Hamkhyal Mian Asif. He said the politics of non-issues was at full swing in the
Published 06 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 05, 2011).

Published 06 Apr, 2011 12:00am
Volumes at PMEL reach another record over first quarter

Volumes at PMEL reach another record over first quarter

Volumes at Pakistan Mercantile Exchange Limited (formerly National Commodity Exchange Limited) reached another record over the first quarter of 2011. March alone saw the traded value crossing the Rs 50bn monthly mark for the first time. The overall first
Published 06 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 05, 2011).

Published 06 Apr, 2011 12:00am
Ministry helpless to get toll plazas vacated

Ministry helpless to get toll plazas vacated

Ministry of Communications has showed its helplessness to get vacated the toll plazas from Frontier Works Organisation (FWO) and National Logistic Cell (NLC) which have no authorisation to collect toll at motorways. Secretary Communications, Anwer Ahmed K
Published 06 Apr, 2011 12:00am
PICG organises 'video conferencing' to educate directors

PICG organises 'video conferencing' to educate directors

Pakistan Institute of Corporate Governance (PICO) has tried to bring about national, economic and social transformation by improving the quality of corporate governance in Pakistan. To achieve this goal, PICG has been striving to make its Director Educati
Published 06 Apr, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the currency market on Tuesday as the rupee appreciated versus dollar and euro, dealers said. The rupee gained 12 paisa in relation to dollar for buying at 85.26 and picked up 11 paisa for selling at 85.31, they said.
Published 06 Apr, 2011 12:00am
Patients suffer due to doctors' strike in Quetta

Patients suffer due to doctors' strike in Quetta

Hundreds of patients were witnessed worried and suffering at Civil Hospital Quetta, Bolan Medical Complex Quetta and other government hospitals on Tuesday thanks to the strike being observed on the call given by Young Doctors Association Balochistan.
Published 06 Apr, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the currency market on Tuesday as the rupee appreciated versus dollar and euro, dealers said. The rupee gained 12 paisa in relation to dollar for buying at 85.26 and picked up 11 paisa for selling at 85.31, they said.
Published 06 Apr, 2011 12:00am
British Prime Minister visits Faisal mosque

British Prime Minister visits Faisal mosque

British Prime Minister David Cameron on Tuesday visited the capital's iconic Faisal Mosque soon after his arrival here on a daylong visit. As a gesture to promote inter-faith harmony, Cameron visited the country's largest mosque. With his shoes off as a r
Published 06 Apr, 2011 12:00am
Flower show ends in Mian Channu

Flower show ends in Mian Channu

A three-day flower show concluded on Tuesday was visited by some 50,000 people who have appreciated such initiatives to provide healthy entertainment to families in these days of unrest and social disharmony. District Co-ordination Officer (DCO), Khanewal
Published 06 Apr, 2011 12:00am
Delay in trains' arrival irks passengers

Delay in trains' arrival irks passengers

Railway passengers of Lahore-Narowal Section Tuesday protested late departure of trains from Lahore and demanded strict enforcement of operational timetable. Ashfaq Ahmad Faraz, General Secretary Daily Passenger Association (DPA) told APP on Tuesday that
Published 06 Apr, 2011 12:00am
Joint Working Group formed to speed up revamping of PSM

Joint Working Group formed to speed up revamping of PSM

Federal Minister for Industries and Production, Mir Hazar Khan Bijarani on Tuesday constituted a Joint Working Group (JWG) to speed up revamping and expansion process of the Pakistan Steel Mills (PSM). One high officer at least of the rank of Joint Secret
Published 06 Apr, 2011 12:00am
Saving drowning people: rescue 1122 carry out exercises

Saving drowning people: rescue 1122 carry out exercises

The officials of Punjab Emergency Service (Rescue 1122) demonstrated the art to rescue drowning people, here in the canal in front of Punjab University Hailey College of Commerce. Punjab University Director Sports Professor Zafar Rasheed, Advisor Student
Published 06 Apr, 2011 12:00am
Appointment of eight PEF directors challenged in LHC

Appointment of eight PEF directors challenged in LHC

A petition was moved on Tuesday in the Lahore High Court challenging the appointment of eight directors of Punjab Education Foundation (PEF). The petitioner a public litigation firm, Muhammad Azhar Siddique submitted that the Punjab government through a n
Published 06 Apr, 2011 12:00am
Students protest against possible devolution of HEC

Students protest against possible devolution of HEC

More than 500 students from different universities as well as employees of Higher Education Commission (HEC) staged a protest in front of the commission Tuesday, demanding that government does not devolve HEC. The students were holding placards and banner
Published 06 Apr, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 05, 2011).

Published 06 Apr, 2011 12:00am
CDWP may approve Rs 262.45 billion projects in tomorrow's meeting

CDWP may approve Rs 262.45 billion projects in tomorrow's meeting

The Central Development Working Party (CDWP) of the Planning Commission scheduled to meet on Thursday (April 7) is likely to approve and recommend 74 development projects costing Rs 262.45 billion. The CDWP is empowered to approve projects costing one bil
Published 06 Apr, 2011 12:00am
Teachers stage demonstration for their due rights

Teachers stage demonstration for their due rights

Government Teacher's Association (GTA) on Tuesday staged a demonstration in favour of their demands outside the Press club. Led by GTA office bearers including Mohammad Baloch, Haji Rustum, Sidique Mashwani and Rehmatullah, the participants chanted slogan
Published 06 Apr, 2011 12:00am
Pakistan MPs interaction: professor Khurshid appreciates Gilani

Pakistan MPs interaction: professor Khurshid appreciates Gilani

Naib Amir of Jamaat-e-Islami Pakistan Senator Professor Khurshid Ahmad talking to the press after meeting with the British Prime Minister along with other parliamentarians expressed his appreciation for an opportunity the Prime Minister Yousuf Raza Gilani
Published 06 Apr, 2011 12:00am
Zardari, Cameron pledge to consolidate Pak-UK ties

Zardari, Cameron pledge to consolidate Pak-UK ties

President Asif Ali Zardari and British Prime Minister David Cameron on Tuesday held wide ranging discussions on various issues of bilateral co-operation, Pak-UK strategic dialogue, fight against militancy and regional issues. They also discussed trade acc
Published 06 Apr, 2011 12:00am
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