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Print - 2011-05-03
PML-N terms US action against sovereignty

PML-N terms US action against sovereignty

After the death of Osama bin Laden, a new strategy is now needed for restoration of lasting peace in the region, a spokesman of PML-N said. The spokesman said that Pakistan Muslim League-N believed that only the national institutions have the right to do
Published 03 May, 2011 12:00am
'US must now quit Iraq, Afghanistan'

'US must now quit Iraq, Afghanistan'

Egypt's Muslim Brotherhood called on Monday for US forces to quit Islamic countries now Osama bin Laden is dead, and one Islamist said al Qaeda should rethink its tactics which had only made the "enemy" more aggressive.
Published 03 May, 2011 12:00am
Bin Laden death 'positive step': Musharraf

Bin Laden death 'positive step': Musharraf

Pervez Musharraf said on Monday that news of Osama bin Laden's death was a "positive step" even as he criticised the United States for launching the raid within his country's borders. Calling it a victory for the people of Pakistan, Musharraf said he also
Published 03 May, 2011 12:00am
Captured on Twitter US raid on Osama bin Laden

Captured on Twitter US raid on Osama bin Laden

In the early hours of Monday, Sohaib Athar reported on Twitter that a loud bang had rattled his windows in the Pakistani town of Abbottabad, adding that he hoped it wasn't "the start of something nasty". A few hours later Athar posted another tweet: "Uh o
Published 03 May, 2011 12:00am
Hill town astonished by bin Laden's death

Hill town astonished by bin Laden's death

Residents of the Abbottabad were jolted from their sleep on Sunday night by the boom of explosions, unaware the hunt for the world's most wanted man was coming to a bloody end in their sleepy hills. Helicopter-borne US forces swooped on a compound on the
Published 03 May, 2011 12:00am
New York cotton futures tumble

New York cotton futures tumble

Benchmark US cotton futures tumbled on Monday amid professional sales, scuppering a brief recovery late last week and opening the door to further declines this week, analysts said. Dealers said selling by investors and producers was behind the drop. The b
Published 03 May, 2011 12:00am
Oil slips in volatile trade

Oil slips in volatile trade

Oil slipped on Monday in volatile trading as investors weighed the effect on crude futures and other markets from news that US forces killed al Qaeda leader Osama bin Laden. Brokers and analysts said oil's early tumble and the US dollar's initial bounce a
Published 03 May, 2011 12:00am
Southeast Asian palm oil firms go on African land safari

Southeast Asian palm oil firms go on African land safari

Southeast Asian palm oil firms are turning to Africa as land runs out back home and world demand for cheap cooking oil soars, but the continent's harsh weather, high costs and land disputes could derail their plans.
Published 03 May, 2011 12:00am
Text of President Obama's statement to US people

Text of President Obama's statement to US people

President Barack Obama said on Sunday that the mastermind of the September 11 attacks that killed nearly 3,000 people has been killed in Pakistan by US-led forces. Following is the text of Obama's statement to America. Tonight, I can report to the America
Published 03 May, 2011 12:00am
Tokyo rubber futures inch down in thin trade

Tokyo rubber futures inch down in thin trade

Key TOCOM rubber futures recouped some losses to end down 0.6 percent on Monday in holiday-thinned trade after the yen weakened, but declines in oil and other commodity prices after news of Osama bin Laden's death prompted investors to take profits. The k
Published 03 May, 2011 12:00am
Silver slides over 10 percent in Asia

Silver slides over 10 percent in Asia

Silver prices tumbled on Monday, making their biggest loss since late 2008, while gold trimmed losses triggered by news that al Qaeda leader Osama bin Laden was killed in a US-led operation in Pakistan. Silver, hit by a recovery in the dollar, increased f
Published 03 May, 2011 12:00am
Gold off record, silver slides in European trade

Gold off record, silver slides in European trade

Gold prices slipped from record highs on Monday and silver was on track for its biggest one-day loss since December 2008 after news that al Qaeda leader Osama bin Laden was killed in a US-led operation in Pakistan. Spot gold fell to nearly $1,540 an ounce
Published 03 May, 2011 12:00am
US MIDDAY: coffee rallies to 34-year top

US MIDDAY: coffee rallies to 34-year top

Arabica coffee futures jumped to a 34-year peak on Monday due to tight supplies of high-quality beans while raw sugar slid to its lowest level in almost eight months as bumper stockpiles reached the market. Cocoa retreated from a six-week peak reached Fri
Published 03 May, 2011 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

US corn futures fell nearly 3 percent on Monday on expectations for farmers to pick up the planting pace in the Midwest grain belt this week after long delays amid wet weather and damp fields. Futures were also weighed by trimmed market risk premiums foll
Published 03 May, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper bounced into positive territory on Monday, after support held near year-to-date lows, but slower manufacturing growth in the world's two-largest economies stoked concerns about the near-term demand outlook. The July COMEX copper contract was last u
Published 03 May, 2011 12:00am
US MIDDAY: gold falls, silver drops four percent

US MIDDAY: gold falls, silver drops four percent

Gold fell from a record high on Monday and silver notched its biggest one-day loss in seven weeks after the killing of Osama bin Laden sapped the safe-haven premium out of precious metals. Silver bounced off early lows after falling as much as 11 percent,
Published 03 May, 2011 12:00am
Afghan refugees to be issued work permits: minister

Afghan refugees to be issued work permits: minister

Government of Pakistan in collaboration with UN agency for refugees is working on issuance of work permits to Afghan refugees to give legal status to business activities and bring them into the tax net like Pakistani citizens. This was stated by Federal M
Published 03 May, 2011 12:00am
Naved Khan made OICCI President

Naved Khan made OICCI President

The Overseas Investors Chamber of Commerce and industry (OICCI), which is the representative body of over 180 foreign investors in Pakistan, appointed Naved A. Khan as president of the Chamber for the year 2011-12 in their 151st Annual General Meeting (AG
Published 03 May, 2011 12:00am
'Women Economic Development' Project launched in Sindh

'Women Economic Development' Project launched in Sindh

The authorities of Benazir Bhutto Shaheed Youth Development Programme (BBSYDP), Government of Sindh, with the collaboration of National Commission for Human Development have launched Women Economic Development Project for economic empowerment of women in
Published 03 May, 2011 12:00am
E&P sector's profit up 26 percent

E&P sector's profit up 26 percent

The overall profitability of Exploration and Production (E&P) sector showed a handsome increase of 26 percent to Rs 82.7 billion in the nine months period of FY11 as compared to Rs 65.7 billion in the same period last year.
Published 03 May, 2011 12:00am
President HCCI proceeds to China

President HCCI proceeds to China

President Hyderabad Chamber of Commerce and Industry, Goharullah has proceeded to China to participate in "Textile Exhibition" being arranged at Guangzhou, China. He would exchange views with the participants of the exhibition regarding promotion of Pakis
Published 03 May, 2011 12:00am
Meezan Bank records 61 percent growth in post-tax profit

Meezan Bank records 61 percent growth in post-tax profit

Meezan Bank has recorded 61 percent growth in its post-tax profit for the quarter ended March 31, 2011. The profit after tax for the quarter increased to rupees 586 million as compared to Rs 364 million in the corresponding quarter last year. The board of
Published 03 May, 2011 12:00am
Meezan Bank records 61 percent growth in post-tax profit

Meezan Bank records 61 percent growth in post-tax profit

Meezan Bank has recorded 61 percent growth in its post-tax profit for the quarter ended March 31, 2011. The profit after tax for the quarter increased to rupees 586 million as compared to Rs 364 million in the corresponding quarter last year. The board of
Published 03 May, 2011 12:00am
KTDMC BoDs reconstituted

KTDMC BoDs reconstituted

Prime Minister, Syed Yousuf Raza Gilani, has re-constituted the Board of Directors of Karachi Tools, Dies & Moulds Centre (KTDMC). The new board comprises Munir K. Bana, Ashfaq A. Paracha, Syed Javaid Ashraf, Rumi Moiz, Dr Muzzaffar Mahmood, M. Ilyas Suri
Published 03 May, 2011 12:00am
Ufone Kissan Package

Ufone Kissan Package

Taking forward the reputation of being the first to launch a number of packages and services, Ufone one of the leading telecom companies in Pakistan recently announced the first of its kind incentive based package "Kissan Package". In the recent past Ufon
Published 03 May, 2011 12:00am
Textile auxiliaries: government criticised for imposing ST

Textile auxiliaries: government criticised for imposing ST

The Chairman, Towel Manufacturers Association of Pakistan (TMA) Syed Usman Ali has criticised the government for imposing sales tax on textile auxiliaries. He demanded of the government to immediately withdraw this SRO and stop practice of issuing one SRO
Published 03 May, 2011 12:00am
ICC welcomes formation of ICC Palestine

ICC welcomes formation of ICC Palestine

International Chamber of Commerce (ICC) meeting of the Middle East-North Africa Regional Consultative Group was convened at Amman, Jordan on 20th April 2011 hosted by ICC Jordan and chaired by Tariq M Rangoonwala, ICC's Regional Co-ordinator for MENA and
Published 03 May, 2011 12:00am
FBR decision to continue zero rating sales tax hailed

FBR decision to continue zero rating sales tax hailed

Continuing to allow zero rated sales tax on local supplies and import of raw materials by the Federal Board of Revenue (FBR) is indeed a most pragmatic step which has greatly relieved the five zero rated export sectors, said M Jawed Bilwani, Co-ordinator,
Published 03 May, 2011 12:00am
Sialkot and Faisalabad: Etihad launches coach service

Sialkot and Faisalabad: Etihad launches coach service

The United Arab Emirates' national carrier Etihad Airways and Gerry's International, one of Pakistan's leading aviation groups, has on Monday launched a dedicated coach service in Pakistan for Etihad guests travelling between Allama Iqbal International Ai
Published 03 May, 2011 12:00am
Gas line blown up in Dera Bugti

Gas line blown up in Dera Bugti

Gas supply to plant was suspended when unidentified men blew up a gas pipeline in Loti gas field area of Dera Bugti on Monday, official sources said. "Unidentified armed men had planted explosive material with eight-inch diameter pipeline supplying natura
Published 03 May, 2011 12:00am
Profit after tax of FFC increases by 50 percent

Profit after tax of FFC increases by 50 percent

The profit after tax of Fauji Fertiliser Co (FFC) has increased by 50 percent to Rs 4.108 billion in the quarter ended March 31, 2011 as compared to Rs 2.729 billion earned in the corresponding period in 2010. The company's earning per share has increased
Published 03 May, 2011 12:00am
Profit after tax of FFC increases by 50 percent

Profit after tax of FFC increases by 50 percent

The profit after tax of Fauji Fertiliser Co (FFC) has increased by 50 percent to Rs 4.108 billion in the quarter ended March 31, 2011 as compared to Rs 2.729 billion earned in the corresponding period in 2010. The company's earning per share has increased
Published 03 May, 2011 12:00am
MQM team preparing budget proposal

MQM team preparing budget proposal

Senator Abdul Hassib Khan has said that a MQM expert team was preparing budget proposal for the year 2011-12. Taking to newsmen while leaving for Singapore to participate in a 4 days meeting on WTO, he said that on return he would give a briefing to MQM o
Published 03 May, 2011 12:00am
Capital Police arrest 16 suspects

Capital Police arrest 16 suspects

Islamabad Police arrested 16 accused including an alleged kidnapper and recovered 1.210 kg charas, 17 bottles of liquor, one pistol and looted items from their possessions. Islamabad Police spokesman said here on Monday that Sihala Police recovered Israr
Published 03 May, 2011 12:00am
CDA departments given 15 days to remove encroachments, garbage

CDA departments given 15 days to remove encroachments, garbage

Imtiaz Inayat Elahi Chairman Capital Development Authority (CDA) has directed the concerned formations of the Civic Authority to ensure the removal of encroachments, garbage and construction from markets and streets in fortnight or face the music.
Published 03 May, 2011 12:00am
Supreme Court wonders how ZAB case was transferred to LHC

Supreme Court wonders how ZAB case was transferred to LHC

Supreme Court was surprised on Monday to see the incomplete interim challan, which was made basis of FIR against Zulfiqar Ali Bhutto, and observed how a plea having legal flaws was moved for transfer of case to the Lahore High Court.
Published 03 May, 2011 12:00am
Government believes in upholding freedom of the press: President

Government believes in upholding freedom of the press: President

President Asif Ali Zardari has said that the government and the PPP believe in upholding freedom of the press as an essential element of democracy and would take all measures necessary to protect journalists from all threats while performing their profess
Published 03 May, 2011 12:00am
Ambassadors designate present credentials to President

Ambassadors designate present credentials to President

The Ambassa-dors designate of Myanmar, Poland, North Korea, Azerbaijan, Holy See, Afghanistan and Japan on Monday presented their credential to President Asif Ali Zardari at an impressive ceremony held at the Aiwan-e-Sadr. The ambassadors called on the Pr
Published 03 May, 2011 12:00am
Seven prisoners freed from jail

Seven prisoners freed from jail

District and Sessions Judge, Sheikh Liaquat Ali has ordered the jail authorities to release seven prisoners involved in petty cases on personal surety bonds. He issued these order during his visit to the district jail on Monday. Magistrate Muhammad Faisal
Published 03 May, 2011 12:00am
17 percent sales tax imposed on 57 zero-rated multiple use items

17 percent sales tax imposed on 57 zero-rated multiple use items

The Federal Board of Revenue (FBR) has imposed standard rate of 17 percent sales tax on 57 items of zero-rating sectors, having multiple use in different local industries. The Board has withdrawn zero-rating facility on these items through SRO 323(I)/2011
Published 03 May, 2011 12:00am
FBR issues new procedure for management of tax collection

FBR issues new procedure for management of tax collection

The Federal Board of Revenue (FBR) has issued new procedure for management of tax collection and its accoutering (accounting) to ensure proper recording of tax payments made through the computerised payment receipts (CPRs) and other sources of collection.
Published 03 May, 2011 12:00am
PML-N: a regional party?

PML-N: a regional party?

Pakistan Muslim League-N is a major political party but some of its leaders are giving the impression that it is a regional party in its thinking. During the last elections, it won seats only from one province ie Punjab. Nonetheless, some of its top leade
Published 03 May, 2011 12:00am
Osama's last resort in Pakistan

Osama's last resort in Pakistan

Nestled in a middle-class neighbourhood in north-western Pakistan, the half-hectare house surrounded by seven-metre walls, topped with barbed wire, was unusual by local standards. But no one ever suspected the compound, in a town widely known as an "Army
Published 03 May, 2011 12:00am
Friends becoming a rarity

Friends becoming a rarity

Pakistan's rumour factories were churning out varied versions of a new coalition the PPP was trying to fudge to avert the likely rejection of the FY12 Finance Bill and PPP's exit from power. Ignoring the backlash of the move, the Chaudhrys of Gujrat have
Published 03 May, 2011 12:00am
Nato targeting of Qadhafi

Nato targeting of Qadhafi

Colonel Qadhafi's youngest son, Saif al Arab, who was killed in a Nato airstrike on Saturday evening along with three of the Libyan strongman's small grandchildren - two toddlers and a five-month old baby - was the least political of the sons. The target
Published 03 May, 2011 12:00am
Osama bin Laden

Osama bin Laden

The official sources both in Washington and Islamabad have confirmed the death of Osama bin Laden in a military operation in a non-descript locality near Abbottabad on the night between Sunday and Monday. Taking all the credit for the action, President Ba
Published 03 May, 2011 12:00am
Pacra upgrades asset manager rating of AAML

Pacra upgrades asset manager rating of AAML

The Pakistan Credit Rating Agency (Pacra) has upgraded the asset manager rating of Atlas Asset Management Limited (AAML) to "AM2-" (AM Two Minus) (Previous: AM3+). The rating denotes the company's very strong capacity to manage the risks inherent in asset
Published 03 May, 2011 12:00am
Pacra upgrades asset manager rating of AAML

Pacra upgrades asset manager rating of AAML

The Pakistan Credit Rating Agency (Pacra) has upgraded the asset manager rating of Atlas Asset Management Limited (AAML) to "AM2-" (AM Two Minus) (Previous: AM3+). The rating denotes the company's very strong capacity to manage the risks inherent in asset
Published 03 May, 2011 12:00am
KESC wins OSH&E Encouragement Award

KESC wins OSH&E Encouragement Award

Karachi Electric Supply Company (KESC) has won the "OSH&E Encouragement Award" from the Employers' Federation of Pakistan which recognises the utility's progress made in setting up OSH&E standards for its employees within a very short period. This is the
Published 03 May, 2011 12:00am
'No foreign troops to be allowed to invade Balochistan'

'No foreign troops to be allowed to invade Balochistan'

Chief Minister Balochistan Nawab Mohammad Aslam Raisani has categorically said that no foreign troops would be allowed to invade our soil. "Towards an amicable and honourable resolution of the issue of Balochistan, government is ready to talk with the dis
Published 03 May, 2011 12:00am
Zehri for cooperation between Iran, Pakistan in agriculture sector

Zehri for cooperation between Iran, Pakistan in agriculture sector

Federal Minister for Food and Agriculture, Mir Israrullah Zehri, has called upon Pakistan and Iran to cooperate in agriculture sector to benefit from each other potential to ensure 'Food Security' in the region. He said this in a meeting with Iranian Amba
Published 03 May, 2011 12:00am
245kgs of Ephedrine worth about Rs four billion seized

245kgs of Ephedrine worth about Rs four billion seized

Around 245kgs of Ephedrine, a fine quality of heroin worth around Rs 4 billion in the international market, were seized by the Pakistan Customs. This was stated by Muhammad Ali Asad Khan, assistant collector of Customs Headquarters-II at a press conferenc
Published 03 May, 2011 12:00am
Four including two children killed in Peshawar blast

Four including two children killed in Peshawar blast

Four people including a woman and two children were killed and several others injured in car explosion near Police Station Umerzai, police and eye-witnesses said on Monday. The explosion was so powerful that the windowpanes of the police station its nearb
Published 03 May, 2011 12:00am
'Holy Kaaba's pictures should not be published'

'Holy Kaaba's pictures should not be published'

The verses of Holy Quran and picture of 'Holy Kaaba' in the newspapers usually found in garbage, packing of fruits and vegetables hurt the sentiments of Muslims. Talking to APP, Chairman Roet-e-Hilal Committee Mufti Muneeb-ur-Rehman said that it is respon
Published 03 May, 2011 12:00am
Business intelligence: SAP named world-wide market share leader

Business intelligence: SAP named world-wide market share leader

SAP AG (NYSE: SAP) on Monday announced it has been named the overall market share leader in the world-wide business intelligence (BI) market, owning nearly a quarter of the market. According to the report issued by Gartner Inc - "Market Share Analysis: Bu
Published 03 May, 2011 12:00am
New Investment Opportunities

New Investment Opportunities

In early March 2011 International Steels Limited (ISL) announced the raising of almost Rs 3 billion rupees ($35 million) through Public Offering. The company's book building process was carried out on April 12, 13 and 14, 2011 while the Initial Public Off
Published 03 May, 2011 12:00am
Banks told to report reversal of provision

Banks told to report reversal of provision

In order to monitor recovery against provisions, the State Bank of Pakistan (SBP) has directed the banks and DFIs to report reversal of provisions made against cash recovery. SBP, for implementation of this directive, has made some changes in the prudenti
Published 03 May, 2011 12:00am
Advisory to growers

Advisory to growers

Agricultural experts have advised cotton growers that best suitable time for cotton sowing in primary districts of Multan, Bahawalpur and Dera Ghazi Khan is from May 1 to June 7, while sowing in secondary districts such as Faisalabad and Sahiwal should be
Published 03 May, 2011 12:00am
Nadeem Naqvi new managing director of KSE

Nadeem Naqvi new managing director of KSE

Nadeem Naqvi on Monday formally joined as the new managing director of Karachi Stock Exchange (KSE). The KSE management informed all the members of the exchange that Nadeem Naqvi has formally joined as the new managing director of the KSE with effect from
Published 03 May, 2011 12:00am
Tax on agriculture income: constitutional amendment bill moved in Senate

Tax on agriculture income: constitutional amendment bill moved in Senate

The Constitution (Amendment) Bill, 2011, was introduced in the Senate on Monday to impose tax on agricultural income. A resolution was also presented in the Upper House of the Parliament in which it was recommended that the loans written off by the govern
Published 03 May, 2011 12:00am
ICAP's ceremony held

ICAP's ceremony held

The Institute of Chartered Accountants of Pakistan (ICAP) held its gold medal & merit certificate distribution ceremony, said a press release issued here on Monday.
Published 03 May, 2011 12:00am
ICCI rejects hike in fuel prices

ICCI rejects hike in fuel prices

Twelve per cent hike in petroleum products' prices will multiply problems of industrial sector, as it will not only increase cost of production, but also raise inflation, said Mahfooz Elahi, President Islamabad Chamber of Commerce and Industry (ICCI) here
Published 03 May, 2011 12:00am
Senate passes SBP law amendment bill

Senate passes SBP law amendment bill

The Senate on Monday passed 'State Bank of Pakistan Amendment Bill 2010', submitted by the Senate Standing Committee on Finance, after some amendments believed to have softened the bill passed by the National Assembly for a strong and autonomous central b
Published 03 May, 2011 12:00am
Senate passes SBP law amendment bill

Senate passes SBP law amendment bill

The Senate on Monday passed 'State Bank of Pakistan Amendment Bill 2010', submitted by the Senate Standing Committee on Finance, after some amendments believed to have softened the bill passed by the National Assembly for a strong and autonomous central b
Published 03 May, 2011 12:00am
Liquor worth millions of rupees seized

Liquor worth millions of rupees seized

Huge quantity of liquor worth millions of rupees in international market was seized by the Model Collectorate of Customs (MCC), PaCCS here on Monday. According to details, the MCC PaCCS at Karachi Custom House received the information that unscrupulous el
Published 03 May, 2011 12:00am
MoF likely to release Rs 120 billion to improve power situation

MoF likely to release Rs 120 billion to improve power situation

The Federal Ministry of Finance is expected to release around Rs 120 billion to settle the receivables of four state-owned entities (SOEs) in order to improve the electricity power generation situation in the country. Knowledgeable sources said that the s
Published 03 May, 2011 12:00am
MQM delegation calls on Prime Minister

MQM delegation calls on Prime Minister

Prime Minister, Syed Yusuf Raza Gilani has said that politics of reconciliation is need of the hour to bring the country out of the current problems. He stressed upon the political parties to join hands with government to address the real issues of public
Published 03 May, 2011 12:00am
Speakers call to introduce alternate means of energy

Speakers call to introduce alternate means of energy

Speakers at a seminar while stressing the need to introduce alternate means of energy have said that currently Pakistan energy supply deficit ratio stands at 25 percent, and if proper measures were not adopted it would shoot up to 54 percent by 2020, whic
Published 03 May, 2011 12:00am
FBR has to collect over Rs 220 billion in May, June

FBR has to collect over Rs 220 billion in May, June

The Federal Board of Revenue (FBR) has to collect over Rs 220 billion in May and June of 2011 to meet the downward revised annual target of Rs 1,588 billion by the end of current fiscal. Sources told Business Recorder here on Monday that the revenu
Published 03 May, 2011 12:00am
Surgical goods export registers increase

Surgical goods export registers increase

The export of surgical goods from the country registered an increase of 2.66 percent during the last nine months of current financial year. Surgical goods amounting to US $18.19 million were exported during July 2010 to March 2011, said Federal Bureau of
Published 03 May, 2011 12:00am
Mobile night packages creating panic in society

Mobile night packages creating panic in society

The country's youth are increasingly seen caught in amorous advances thanks mainly to cheap night packages offered by various Telecom operators in a bid to expand customer network. The amazing part of this story is that almost all cable operators offer ar
Published 03 May, 2011 12:00am
11,400 tons of wheat procured in Multan

11,400 tons of wheat procured in Multan

Around 11,400 tons wheat has been procured at 16 purchase centres in Multan district till May 1, Food officials said on Monday. Passco officials said they had issued gunny bags and expect arrival of wheat at their centres at Lodhran and Kehror Pakka from
Published 03 May, 2011 12:00am
Japan gives blood bank equipment to KKF

Japan gives blood bank equipment to KKF

The government of Japan has handed over blood bank-related medical equipment worth $105,819 (approximately Rs 9.1 million) to Khidmat-e-Khalq Foundation (KKF), a non-governmental organisation (NGO), under the scheme of Grant Assistance for Grassroots Huma
Published 03 May, 2011 12:00am
Safe drinking water to masses: minister for devising mechanism

Safe drinking water to masses: minister for devising mechanism

Federal Minister for Science and Technology Changez Khan Jamali has asked Pakistan Council of Research in Water Resources (PCRWR), Ministry of Science and Technology, to devise mechanism to provide safe drinking water to the masses at affordable rates.
Published 03 May, 2011 12:00am
Jinnah Abadies: measures for balloting of applications directed

Jinnah Abadies: measures for balloting of applications directed

Punjab government has directed all divisional commissioners to take necessary measures for balloting of Jinnah Abadies applications and call meetings of district Jinnah Abadies Committees and ensure participation of public representatives for transparent
Published 03 May, 2011 12:00am
Need stressed to adopt consistent national policies

Need stressed to adopt consistent national policies

Punjab University Hailey College of Commerce organised a ceremony in the honour of members of Event Management Society here Monday. Vice-Chancellor Professor Dr Mujahid Kamran, Principal HCC Professor Dr Liaqat Ali, renowned social figure Raja Munawar, an
Published 03 May, 2011 12:00am
Glowing tributes paid to late Akber Wahdi

Glowing tributes paid to late Akber Wahdi

Glowing tributes were paid to late Akber Ali Wahdi, former Media Manager Pakistan Football Federation (PFF) at a condolence reference here at PFF House for the services he rendered for the promotion of football in the country. Speaking on the occasion, Fa
Published 03 May, 2011 12:00am
'World Asthma Day' to be observed today

'World Asthma Day' to be observed today

Like other parts of the globe, "World Asthma Day 2011" is being observed on May 3 in a bid to raise awareness about asthma and to improve asthma care. This year's theme-"You Can Control Your Asthma" is aimed at cutting "asthma hospitalisations" by sensiti
Published 03 May, 2011 12:00am
Unscheduled load-shedding: government's stance by 16th sought

Unscheduled load-shedding: government's stance by 16th sought

Lahore High Court here on Monday issued notice to federal government for May 16 in an application against unscheduled load-shedding of electricity. Imtiaz Rashid Qureshi of Save Judiciary Committee, through his counsel Muteen-ul-Haq Chaudhry filed the app
Published 03 May, 2011 12:00am
Industrialists flay increase in POL prices

Industrialists flay increase in POL prices

Industrialists and business leaders have expressed their dismay over Sunday's increase in the POL prices and said this would accelerate inflation in the country. Talking to Business Recorder, Vice President SAARC chamber Iftikhar Ali Malik said tho
Published 03 May, 2011 12:00am
World Bank to provide funds to GCUF

World Bank to provide funds to GCUF

The World Bank (WB) will provide funds to Government College University Faisalabad (GCUF) for the provision of state-of-the-art hostels, lecture halls, gymnasiums, auditorium, power house and other facilities. The assurance was made by Dr Abdus Salam, Sen
Published 03 May, 2011 12:00am
Hike in petroleum prices termed anti-industry

Hike in petroleum prices termed anti-industry

Pakistan Industrial and Traders Associations Front (PIAF) has criticised the government for increase in the petroleum products prices and termed it a "very bad news" for the country's economy which was already facing a number of challenges.
Published 03 May, 2011 12:00am
Caracas urges UN to condemn killing of Qadhafi kin

Caracas urges UN to condemn killing of Qadhafi kin

Venezuela has asked the United Nations to condemn the killing of a son and three grandchildren of Libyan leader Moammer Qadhafi in a Nato air raid, and to demand an end to raids on the country, officials said Monday. "The Bolivarian (Venezuelan) governmen
Published 03 May, 2011 12:00am
Nasdaq, ICE declare hostile bid for NYSE Euronext

Nasdaq, ICE declare hostile bid for NYSE Euronext

Nasdaq OMX and IntercontinentalExchange on Monday declared a hostile takeover bid for NYSE Euronext, which has twice rejected their offers in favour of a tie-up with Germany''s Deutsche Boerse. Nasdaq and ICE said in a joint statement that each of their r
Published 03 May, 2011 12:00am
Nasdaq, ICE declare hostile bid for NYSE Euronext

Nasdaq, ICE declare hostile bid for NYSE Euronext

Nasdaq OMX and IntercontinentalExchange on Monday declared a hostile takeover bid for NYSE Euronext, which has twice rejected their offers in favour of a tie-up with Germany's Deutsche Boerse. Nasdaq and ICE said in a joint statement that each of their re
Published 03 May, 2011 12:00am
Nasdaq, ICE declare hostile bid for NYSE Euronext

Nasdaq, ICE declare hostile bid for NYSE Euronext

Nasdaq OMX and IntercontinentalExchange on Monday declared a hostile takeover bid for NYSE Euronext, which has twice rejected their offers in favour of a tie-up with Germany's Deutsche Boerse. Nasdaq and ICE said in a joint statement that each of their re
Published 03 May, 2011 12:00am
102 journalists killed in 2010: Watchdog

102 journalists killed in 2010: Watchdog

A total of 102 journalists were killed in 2010, eight fewer than the year before, a media watchdog said Monday. Asia, where 40 reporters were slain, was the most dangerous region in the world for journalists, followed by Latin America where 32 perished, t
Published 03 May, 2011 12:00am
US Treasury to cut issues as May 16 debt cap nears

US Treasury to cut issues as May 16 debt cap nears

The US Treasury said Monday it would begin cutting certain debt issues as it confirmed the government would reach its borrowing ceiling on May 16. With Congress still not agreed on raising the ceiling to permit the government to continue financing its act
Published 03 May, 2011 12:00am
The Weather

The Weather

The weather report on Monday (May 02, 2011) and the forecast for Tuesday (May 03, 2011).

Published 03 May, 2011 12:00am
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