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Print - 2011-05-10
ICC ponders Test, ODI and DRS future

ICC ponders Test, ODI and DRS future

The future of Test and one-day cricket, as well as the controversial decision review system (DRS), will be among the subjects up for discussion when the International Cricket Council (ICC) cricket committee gathers at Lord's for a two-day meeting starting
Published 10 May, 2011 12:00am
Misbah warms up for Test series with hundred

Misbah warms up for Test series with hundred

Misbah-ul-Haq warmed-up for the first Test against West Indies with an undefeated hundred for Pakistan in their tour match against Guyana Monday at Bourda Oval here. The Pakistan captain was undefeated on 101, when his side declared on 330 for seven in th
Published 10 May, 2011 12:00am
Sultan Azlan Shah Cup: Australia beat Pakistan, Britain go top

Sultan Azlan Shah Cup: Australia beat Pakistan, Britain go top

World champions Australia thrashed Pakistan 5-1 Monday to boost their chances of reaching the final at the Sultan Azlan Shah Cup in Malaysia, while Great Britain surged to the top of the table. For Pakistan, the heavy defeat - their second loss in success
Published 10 May, 2011 12:00am
Sehwag out of IPL

Sehwag out of IPL

Prolific opener Virender Sehwag was Monday ruled out of the remainder of the Indian Premier League with a shoulder injury, depriving the event of its current top scorer. Sehwag, captain of the Delhi Daredevils franchise, has decided to undergo surgery as
Published 10 May, 2011 12:00am
Afghanistan to play three one-dayers in Pakistan

Afghanistan to play three one-dayers in Pakistan

Afghanistan will play three one-day matches against a second-tier Pakistani team later this month, becoming the first international side to tour Pakistan in more than two years. The tour will include a game in Abbottabad, the city where US Special Forces
Published 10 May, 2011 12:00am
West Indies tour statement": PCB seeks explanation from Shahid Afridi

West Indies tour statement": PCB seeks explanation from Shahid Afridi

Pakistan Cricket Board has taken notice of the recent statements made by ODI skipper Shahid Afridi in the media about the differences within the tour management to West Indies. A spokesman of PCB said, here on Monday, that this is a violation of the code
Published 10 May, 2011 12:00am
Issue of BCL right shares: KSE approves schedule

Issue of BCL right shares: KSE approves schedule

The Karachi Stock Exchange (KSE) has approved the schedule of issue of right shares of Bestway Cement Limited (BCL). The trading in the unpaid rights of the company will start on this exchange with effect from May 13, 2011, a KSE notice issued here on Mon
Published 10 May, 2011 12:00am
Audit of public sector projects: government may end CA firms' role

Audit of public sector projects: government may end CA firms' role

The federal government is likely to 'oust' chartered accountant firms from audit of public sector projects, arguing that it is a waste of public money and in conflict with constitutional obligations of the Auditor General of Pakistan (AGP), sources close
Published 10 May, 2011 12:00am
Tax assessees

Tax assessees

The FBR is collecting different taxes through the system of withholding tax at import stage, supplies of goods/services, and a portion of taxes is also deposited voluntarily by the taxpayers.
Published 10 May, 2011 12:00am
US raid: Prime Minister's speech

US raid: Prime Minister's speech

The following is the full text of Prime Minister Syed Yousuf Raza Gilani's speech on the Abbottabad incident that he delivered in the National Assembly on 09 May, 2011.
Published 10 May, 2011 12:00am
Deception: the core of statecraft?

Deception: the core of statecraft?

Osama's killing continues to shake the earth; we now know that the US intelligence agencies differed over the missions to kill Osama and Colonel Qadhafi, who too was to be targeted. According to Leon Panetta, except "circumstantial evidence" there was zer
Published 10 May, 2011 12:00am
Pakistan-Kuwait cooperation

Pakistan-Kuwait cooperation

President Asif Ali Zardari's visit to Kuwait has led to a range of economic and security co-operation arrangements that would benefit both the countries. The two countries agreed on setting up a high-powered special committee that will identify areas of i
Published 10 May, 2011 12:00am
Need to protect and preserve relationship

Need to protect and preserve relationship

Not that Pakistanis are standing at their doors holding garlands to welcome US President Obama. He was to come during the year; but if the visit does not materialise there would not be much of public disappointment in this country. No problem that he did
Published 10 May, 2011 12:00am
Iran to attend nuclear talks in Turkey

Iran to attend nuclear talks in Turkey

Iran will hold talks with major powers in Turkey over its disputed nuclear programme, President Mahmoud Ahmadinejad said on Monday, after earlier discussions failed to resolve the row. "I hope that this important issue will reach its final result in the (
Published 10 May, 2011 12:00am
Iraq's Qaeda pledges support to Zawahri, vows attacks

Iraq's Qaeda pledges support to Zawahri, vows attacks

An al Qaeda-linked militant group in Iraq pledged support to the organisation's second-in-command, Ayman al-Zawahri, and vowed more revenge attacks for the death of Osama bin Laden at the hands of US forces in Pakistan. In a statement posted on an Islamis
Published 10 May, 2011 12:00am
Japan to shut nuclear plant on quake fears; another leaks radiation

Japan to shut nuclear plant on quake fears; another leaks radiation

Japanese power firm Chubu Electric on Monday agreed to shut a nuclear plant until it can be better defended against the type of massive tsunami that in March triggered the worst atomic crisis in 25 years. The temporary shutdown of Hamaoka, which supplies
Published 10 May, 2011 12:00am
Egypt beef up security amid inter-faith tensions

Egypt beef up security amid inter-faith tensions

Egypt stepped up security around churches in Cairo on Monday after two days of clashes between minority Christians and Muslims that killed 12 people and highlighted rising inter-faith tensions. The violence that left a church wrecked by fire and more than
Published 10 May, 2011 12:00am
Nato planes pound Libyan government weapons depot

Nato planes pound Libyan government weapons depot

Nato planes pounded Libyan government weapons depots south-east of the town of Zintan on Monday, in a sign of widening conflict in the Western Mountains region as rebels battle to unseat Muammar Qadhafi. "The air strikes occurred around 1100 (0900 GMT). W
Published 10 May, 2011 12:00am
Assad tightens grip on Syria's restive third city

Assad tightens grip on Syria's restive third city

Government forces including snipers on rooftops tightened their grip on Syria's third largest city on Monday after President Bashar al-Assad sent in tanks in a sharpening crackdown on protests against his authoritarian rule. A human rights campaigner in H
Published 10 May, 2011 12:00am
German al Qaida member sentenced to prison term

German al Qaida member sentenced to prison term

A German-Syrian dual national who has admitted belonging to al Qaida has been convicted of membership in a terrorist group and given a prison sentence of four years and nine months. The Frankfurt state court also found Monday that Rami Makanesi trained at
Published 10 May, 2011 12:00am
British security minister steps down

British security minister steps down

British Security and Counter-Terrorism Minister Pauline Neville-Jones is stepping down from the government at her own request, Prime Minister David Cameron's office said on Monday. Neville-Jones announced her decision a few days after English local electi
Published 10 May, 2011 12:00am
Bosnia facing worst crisis in 15 years

Bosnia facing worst crisis in 15 years

Ethnically divided Bosnia is facing its most serious crisis since it was established as a state 15 years ago, its international envoy warned on Monday, accusing Serb officials of threatening its viability. Bosnia in the 1990s suffered Europe's worst confl
Published 10 May, 2011 12:00am
Russia marks Victory Day with vast parade

Russia marks Victory Day with vast parade

Tens of thousands of granite-faced soldiers marched in lockstep across Red Square Monday in Russia's annual Victory Day display of military might, while President Dmitry Medvedev said the country is committed to peace and global stability. The parade, mar
Published 10 May, 2011 12:00am
Berlusconi slams judges during 'false testimony' trial

Berlusconi slams judges during 'false testimony' trial

Italian Prime Minister Silvio Berlusconi slammed judges as "a cancer of democracy" Monday during his first appearance at a trial for bribery, one of three court cases he is currently facing. He was speaking during a break in the hearing where he is charge
Published 10 May, 2011 12:00am
Palestinians miss salaries for first time since 2007

Palestinians miss salaries for first time since 2007

The Palestinian Authority said on Monday it had not been able to pay public sector salaries for the first time since 2007 because of Israel's decision to halt the transfer of tax funds. Prime Minister Salam Fayyad said Israel's decision, taken in protest
Published 10 May, 2011 12:00am
Nepalese 82-year-old former minister dies on Everest

Nepalese 82-year-old former minister dies on Everest

An 82-year-old former Nepalese foreign minister has died in his attempt to become the oldest person to climb Mount Everest, a government official said Monday. Shailendra Kumar Upadhyaya died on Monday afternoon, hours after arriving at camp one in his rec
Published 10 May, 2011 12:00am
Top US law officer vows to close Guantanamo

Top US law officer vows to close Guantanamo

US Attorney General Eric Holder said on Monday the United States would close the Guantanamo Bay facility holding terrorism suspects in Cuba, despite missing a previous deadline to do so. On an official visit to Paris, Holder stressed what he called unprec
Published 10 May, 2011 12:00am
New York cotton closes mixed as focus turns to USDA data

New York cotton closes mixed as focus turns to USDA data

US cotton futures ended mixed on Monday as the market consolidated after last week's commodity sell-off and players adjusted positions before the release of a key government crop report, analysts said. The US Agriculture Department's monthly supply/demand
Published 10 May, 2011 12:00am
Malaysian palm oil rebounds

Malaysian palm oil rebounds

Malaysian palm oil futures rebounded on Monday in tandem with stronger commodity markets as solid US payrolls data showed global economy was on track for recovery although fundamentals for the tropical oil remain uncertain.
Published 10 May, 2011 12:00am
Liffe sugar and coffee higher

Liffe sugar and coffee higher

Liffe August white sugar closed $1.70 higher at $583.70 a tonne on Monday. Prices consolidating just above an 8-month low set late last week with ample supplies from Brazil and Thailand keeping the market on the defensive. Liffe July robusta coffee ended
Published 10 May, 2011 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Key Tokyo rubber futures inched higher on Monday as sentiment improved with stabilising commodity markets, and investors found price levels attractive after a sell-off late last week. The benchmark TOCOM rubber futures for October delivery was up 1.4 yen,
Published 10 May, 2011 12:00am
Shanghai copper rises

Shanghai copper rises

Copper prices rebounded technically on Monday helped by a weaker dollar, but investors were eyeing key Chinese data this week, including import and CPI numbers due on Tuesday. The most-active July copper contract on the Shanghai Futures Exchange lifted 1.
Published 10 May, 2011 12:00am
Copper higher

Copper higher

Copper ended higher on Monday on a relief rally following steep losses last week, but a downgrade of Greece's credit rating added to global slowdown fears and capped the metal's advance. Copper for three-month delivery on the London Metal Exchange finishe
Published 10 May, 2011 12:00am
Gasoline leads $7 oil rebound, second-biggest ever

Gasoline leads $7 oil rebound, second-biggest ever

Brent crude oil surged more than $6 a barrel on Monday, the second-largest gain on record, snapping back from last week's record sell-off on a wave of bargain-hunting and a jump in gasoline prices. The rebound reclaimed about a third of last week's losses
Published 10 May, 2011 12:00am
Gold extends gains in Asia

Gold extends gains in Asia

Gold extended gains on Monday on a weaker dollar, after suffering its worst weekly loss since 2009, while US silver futures rose nearly 3 percent as investors took advantage of last week's free fall in prices to enter the market.
Published 10 May, 2011 12:00am
Gold rises in Europe

Gold rises in Europe

Gold climbed back above $1,500 an ounce on Monday and silver rallied more than 6 percent as a retreating dollar and rising concerns of eurozone debt helped the metals recover some ground after last week's hefty losses. Worries over the health of some smal
Published 10 May, 2011 12:00am
US MIDDAY: wheat surges, corn and soyabeans gain

US MIDDAY: wheat surges, corn and soyabeans gain

US grain futures rebounded on Monday from last week's sell-off, with wheat surging 4 percent, its biggest gain in more than a month as hot weather baked the bread baskets in the United States and Europe. Corn futures rose about 3 percent and soyabeans les
Published 10 May, 2011 12:00am
US MIDDAY: sugar up; coffee and cocoa lose lustre

US MIDDAY: sugar up; coffee and cocoa lose lustre

Sugar futures rebounded and closed stronger on Monday, as the commodity complex rose after last week's biggest drop since 2008, but profit taking yanked arabica to a weak finish and US cooca ended flat. Commodities bounced from their biggest weekly drop i
Published 10 May, 2011 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

Copper ended up on Monday, swept up in a relief rally spanning the wider commodity complex following last week's massive sell-off, but another credit-rating cut in Europe added to global slowdown fears and capped the move. Copper trimmed its overnight gai
Published 10 May, 2011 12:00am
US MIDDAY: gold, silver rally

US MIDDAY: gold, silver rally

Gold gained 1 percent on Monday and silver surged 5 percent, bouncing up on bargain hunting after last week's sharp sell-offs and boosted by a ratings downgrade of Greece and a broad commodities rally. Gold and silver rose sharply for a second session, bu
Published 10 May, 2011 12:00am
Dubai Islamic Bank launches Cash Manager Account

Dubai Islamic Bank launches Cash Manager Account

Dubai Islamic Bank Pakistan Limited (DIBPL) has earned a distinction in offering one of the widest range of Islamic financial products under one roof. One of the recent launches of DIBPL has been the 'Cash Manager Account' which offers a complete business
Published 10 May, 2011 12:00am
Activist of ST among three killed

Activist of ST among three killed

At least three persons including an activist of Sunni Tehrik (ST) were killed in separate incidents in various parts of metropolis here on Monday. According to details, an activist of ST was gunned down while other injured in the limits of North Nazimabad
Published 10 May, 2011 12:00am
Customs Collectorate clears 500 cases of duty drawbacks

Customs Collectorate clears 500 cases of duty drawbacks

Collector, Model Customs Collectorate of PACCS, Dr Jawwad Owais Agha has informed that the Collectorate has cleared 500 cases of Rs 500 million drawbacks during and rebate claims duty April this year. Addressing members of Customs and Valuation Sub-commit
Published 10 May, 2011 12:00am
Union's protest in violation of SHC orders, says KESC

Union's protest in violation of SHC orders, says KESC

The Karachi Electric Supply Company (KESC) has said that the CBA Union's so-called protest and violent disruption and sabotage has no justification and it is in clear violation of the Sindh High Court's order of May 7 which had declared the Union's ongoin
Published 10 May, 2011 12:00am
KESC workers' rally demands restoration of employees

KESC workers' rally demands restoration of employees

Thousands of incensed Karachi Electric Supply Company (KESC) workers shifted the gear of their protest drive on Monday and took out a rally from Karachi Press Club (KPC) towards Shaheen Complex, bringing the road traffic in entire area to a standstill for
Published 10 May, 2011 12:00am
Jazz from Germany in Karachi

Jazz from Germany in Karachi

A gathering of music lovers and Karachiites was treated to a scintillating evening at the residence of German Consul General Dr Christian Brecht. The occasion was modern jazz performance by the Jonas Schoen Quartet. The group led by Jonas Schoen on the sa
Published 10 May, 2011 12:00am
'PIA officers to get salary increase soon'

'PIA officers to get salary increase soon'

PIA officers will get salary increase and revision in pay scales soon. This was stated by Managing Director PIA, Nadeem Khan Yousufzai while addressing PIA officers at a function organised by PIA Senior Staff Association (PIASSA) in honour of the PIA reti
Published 10 May, 2011 12:00am
Governor approves three bills

Governor approves three bills

Sindh Governor Dr Ishratul Ibad Khan has given assent to three bills. Sindh Assembly Speaker Nisar Ahmed Khuhro informed the assembly here on Monday that three bills, including Sindh Public Private Partnership (Amendment) Bill, 2011, Sindh Zakat and Ushr
Published 10 May, 2011 12:00am
BoP's annual branch expansion plan approved by SBP

BoP's annual branch expansion plan approved by SBP

The Bank of Punjab (BoP) has recently got permission from Banking Policy and Regulations Department, State Bank of Pakistan, to open 11 branches at new locations across Pakistan in 2011. Though we have been submitting a yearly request to SBP however apart
Published 10 May, 2011 12:00am
Government asked to levy fixed tax on cell phones

Government asked to levy fixed tax on cell phones

The law and order situation is worst in the country and the government must take steps to improve it, to protect traders and industrialists by monitoring internal, external routes of industrial estates in Karachi. This demand was raised by Khalid Tawab, v
Published 10 May, 2011 12:00am
Session on ethics in banking today

Session on ethics in banking today

Bank of Khyber which is on its way for promoting the culture of effective bank customer relationship is going to organise one day session on "Ethics in Banking on 10th May 2011 at its head office in Peshawar. It will be chaired by Bilal Mustafa Managing D
Published 10 May, 2011 12:00am
Murderer of Balochistan minister arrested

Murderer of Balochistan minister arrested

Crime Investigation Department (CID) on Monday claimed to have arrested a person involved in the murder of Balochistan's Excise Minister Rustam Khan Jamali. According to details, SP CID Mazhar Mashwani received a tip-off that an absconded culprit namely A
Published 10 May, 2011 12:00am
Pida dissolves 70 farmer organisations

Pida dissolves 70 farmer organisations

Punjab Irrigation and Drainage Authority (Pida) has dissolved 70 farmer organisations in the Area Water Boards of Lower Jhelum Canal Circle and Lower Chenab Canal (West) Circle after the expiry of their three-year tenure. The new FOs in these areas will b
Published 10 May, 2011 12:00am
Corporate governance rating of POIC reaffirmed

Corporate governance rating of POIC reaffirmed

JCR-VIS Credit Rating Company Limited has reaffirmed the corporate governance rating of Pak Oman Investment Company (POIC) at CGR-9, denoting 'very high level of corporate governance'. This rating is based on a scale ranging from CGR-l (lowest) to CGR-10
Published 10 May, 2011 12:00am
Corporate governance rating of POIC reaffirmed

Corporate governance rating of POIC reaffirmed

JCR-VIS Credit Rating Company Limited has reaffirmed the corporate governance rating of Pak Oman Investment Company (POIC) at CGR-9, denoting 'very high level of corporate governance'. This rating is based on a scale ranging from CGR-l (lowest) to CGR-10
Published 10 May, 2011 12:00am
University of Sindh organises APC

University of Sindh organises APC

Sindh University Alumnae Fund will be set up and all income will be utilised for the welfare of the University students. This was decided in 2nd meeting of the Consultative Committee held on Monday which was constituted in the light of the recommendations
Published 10 May, 2011 12:00am
Customs offices not accepting FTA certificates: KCCI

Customs offices not accepting FTA certificates: KCCI

Chairman, Customs and Valuation Sub-committee of Karachi Chamber of Commerce and Industry (KCCI), Muhammad Ali Jangda, has said Customs offices are not accepting Free Trade Agreement (FTA) certificates produced by business community. Accordion to a report
Published 10 May, 2011 12:00am
Karachi targeted killings echo in Sindh Assembly

Karachi targeted killings echo in Sindh Assembly

A female legislator belonging to opposition in Sindh Assembly on Monday left the house spellbound as she set forth undeniable arguments to support her adjournment motion with regard to targetted killings while the government tried to avoid debate saying t
Published 10 May, 2011 12:00am
DHL set to boost Africa's oil, energy sector

DHL set to boost Africa's oil, energy sector

Africa and South Asia Pacific CEO of DHL Global Forwarding, the forwarding arm of DHL, the world's leading logistics company, Amadou Diallo, on Monday announced plans to launch four Oil & Energy Centers of Excellence across Africa over the next 12 months
Published 10 May, 2011 12:00am
Five injured as flood victims scuffle with policemen

Five injured as flood victims scuffle with policemen

At least five policemen including SP Keamari Town Tariq Mughal were injured due to scuffle with protestors in the limits of Mariipur police station on Monday A protest demonstration staged by flood-victims, who took to streets to express their growing dis
Published 10 May, 2011 12:00am
Mustehkam Cement: KSE approves schedule of issue of right shares

Mustehkam Cement: KSE approves schedule of issue of right shares

The Karachi Stock Exchange (KSE) has approved the schedule of issue of right shares of Mustehkam Cement Limited. According a KSE notice issued on Monday, the trading in the unpaid rights of the company will start on this exchange with effect from May 13,
Published 10 May, 2011 12:00am
Ahmed Raza assumes CCPO Lahore charge

Ahmed Raza assumes CCPO Lahore charge

In accordance with Punjab government notification, Ahmed Raza Tahir has assumed charge on Monday as CCPO, Lahore. On his arrival, SSP Admin Tariq Abbas Qureshi, SSP Discipline Shariq Kamal, Rai Nazar Hayat, PSO Ahmed Saleem and all staff members of CCPO o
Published 10 May, 2011 12:00am
Shahbaz warns against laxity in uplift projects

Shahbaz warns against laxity in uplift projects

Punjab Chief Minister Shahbaz Sharif has warned against any negligence in the execution of public-welfare projects and has directed the concerned officials to ensure timely and transparent completion of the projects. The Chief Minister was presiding over
Published 10 May, 2011 12:00am
Wapda completes Rs 1.012 billion Dhan Gali Bridge project

Wapda completes Rs 1.012 billion Dhan Gali Bridge project

In a major development, Water and Power Development Authority (Wapda) Monday completed Dhan Gali Bridge at a cost of rupees 1.012 billion across River Jhelum in the upper reaches of Mangla Reservoir, about 45 kilometres from Rawat at Islamabad-Dudial Road
Published 10 May, 2011 12:00am
Budget 2011-12: PIAF proposes reforms agenda

Budget 2011-12: PIAF proposes reforms agenda

Pakistan Industrial and Traders Association Front (PIAF), a body representing people from trade and industry, has prepared an eight-point reforms agenda in a bid to persuade the PPP-led federal government to make Budget 2011-12 a milestone for achieving t
Published 10 May, 2011 12:00am
'Ayyan Ayyan Yo Yo' a gift for children: CEO TCF

'Ayyan Ayyan Yo Yo' a gift for children: CEO TCF

"Ayyan Ayyan Yo Yo", the book by a prominent author and journalist Mahmood Shaam', is a book of its own kind in history of Urdu literature, which broadens the horizon of knowledge of children through easy to understand poetry, CEO, The Citizen's Foundatio
Published 10 May, 2011 12:00am
PTI condemns drone attack

PTI condemns drone attack

Pakistan Tehrik Insaf (PTI) chief Imran Khan condemned the latest drone attack in North Waziristan as a result of which numerous innocent lives were lost, and decided to observe sit-in on the route of Nato supply on May 21 and 22.
Published 10 May, 2011 12:00am
Irsa increases Sindh water share to 60,000 cusecs

Irsa increases Sindh water share to 60,000 cusecs

Indus River System Authority (Irsa), has increased the water share of Sindh to more than 60,000 cusecs, as sowing of Kharif crops is in full swing in the province. According to Wapda report on Monday, 60,000 cusecs water is flowing into Guddu Barrage whic
Published 10 May, 2011 12:00am
Ban on transportation of milking animals from Punjab demanded

Ban on transportation of milking animals from Punjab demanded

Former Punjab Livestock Minister Mumtaz Ahmed on Monday demanded the government to put a ban on the transportation of milking animals from Punjab to Sindh as 800,000 highly milk-producing animals are being slaughtered in Karachi and most of them are being
Published 10 May, 2011 12:00am
FAP general body meeting today

FAP general body meeting today

Former Foreign Minister, Shah Mahmood Qureshi called 118th extraordinary general meeting of Farmers Associates of Pakistan (FAP) to discuss various issues related to agriculture sector, here on Tuesday (Today).
Published 10 May, 2011 12:00am
Pak-China relations based on 'depth and vitality': Zardari

Pak-China relations based on 'depth and vitality': Zardari

President Asif Ali Zardari Monday termed Pakistan's relationship with China based on "depth and vitality" that increases with each passing day and said it was rooted in history and based on mutual trust and respect. The President who joined an event marki
Published 10 May, 2011 12:00am
PML-N's CEC meeting today

PML-N's CEC meeting today

Pakistan Muslim League-Nawaz (PML-N) Chief, Nawaz Sharif on Monday said US operation in Abbottabad is an attack on national sovereignty and integrity. The PML-N chief was talking to reporters during his visit to former Lahore Nazim, Mian Amer Mahmood's ho
Published 10 May, 2011 12:00am
ANP leader kidnapped

ANP leader kidnapped

Provincial leader of Awami National Party (ANP) Faiz Ahmad Kakar was abducted by unknown kidnappers on early Monday. According to details, five to six unknown culprits intercepted the car (VRB-933) of Faizullah, 29 son of Noor Muhammad Kakar when he was t
Published 10 May, 2011 12:00am
New tax return form not notified yet

New tax return form not notified yet

The Federal Board of Revenue has yet not notified the new income tax return forms for Tax Year 2011 for companies, individuals and Association of Persons (AOPs) despite issuance of the draft about 15 days ago. It is learnt here on Monday that the FBR had
Published 10 May, 2011 12:00am
MoF deprived WWF of Rs 87.434 billion, PAC informed

MoF deprived WWF of Rs 87.434 billion, PAC informed

The Ministry of Labour and Manpower Workers Welfare Fund's (WWF) officials informed the Public Accounts Committee (PAC) that the Finance Ministry has deprived the Fund of Rs 87.434 billion, allocated for development projects to bridge the budget deficit g
Published 10 May, 2011 12:00am
Promotion of cultural awareness: five Pakistanis invited to visit Brazil

Promotion of cultural awareness: five Pakistanis invited to visit Brazil

Brazilian Ministry of External Relations invited five Pakistanis to Brazil under a programme designed to foster cultural awareness about the country abroad. The group's visit comes within the framework of the cultural activities carried out by Embassy of
Published 10 May, 2011 12:00am
Three-day training workshop for fish farmers

Three-day training workshop for fish farmers

Fisheries Research and Training Institute, Punjab Fisheries Department is arranging a three-day training workshop on 'prosperity through fish farming' from May 16 to 18, 2011 for fish farmers. Participants of the workshop will be given latest and scientif
Published 10 May, 2011 12:00am
JPMC doctors, staff observe two-hour token strike

JPMC doctors, staff observe two-hour token strike

Doctors, nurses and paramedics at Jinnah Post Graduate Medical Center (JPMC) on Monday resorted to a two hour token strike with no work at any of the hospitals' department. The turnout of the patients was also comparatively low as the Joint Action Committ
Published 10 May, 2011 12:00am
Impartial probe into Abbottabad attack demanded

Impartial probe into Abbottabad attack demanded

Representatives of bars have demanded investigation in Abbottabad attack through some impartial commission and punishment for the responsible either he was president, prime minister or any officer of army.
Published 10 May, 2011 12:00am
Uplift projects: 'government to provide funds to labour department'

Uplift projects: 'government to provide funds to labour department'

Provincial Minister for Labour, Haji Ehsaan-ud-Din Qureshi has said that government will provide required funds for the completion of ongoing development projects launched by the labour department, whereas new welfare schemes would also be initiated for p
Published 10 May, 2011 12:00am
Petroleum ministry files contempt case against Ogra

Petroleum ministry files contempt case against Ogra

The Ministry of Petroleum and Natural Resources has filed a contempt petition in Supreme Court against Oil and Gas Regulatory Authority (Ogra) for increasing gas price of Salsabil gas field despite advice of the ministry-as the case has not yet been decid
Published 10 May, 2011 12:00am
Seminar on 'A tribute to the mother' held

Seminar on 'A tribute to the mother' held

Arooj-e-Mariam Catholic Church organised a seminar on "A tribute to the Mother" to mark international Mother's Day at Centre for Peace and Harmony, Faisalabad. Fr Nisar Barkat (Director National Commission for Justice and Peace), Fr Samual George, Chaudhr
Published 10 May, 2011 12:00am
Summer vacations in Sindh schools: no decision taken yet

Summer vacations in Sindh schools: no decision taken yet

No decision has been made as yet on summer vacations in schools in the province. This was stated by the spokesman of Sindh Chief Minister, here on Monday. In a statement here, he clarified news published in the press quoting Sindh Education Department. Th
Published 10 May, 2011 12:00am
Contradiction

Contradiction

Apropos a Karachi Chamber of Commerce and Industry (KCCI) press release "Tax exemptions, zero rating: concerns voiced over secy finance's statement" carried by Business Recorder on Sunday, the spokesman for the Finance Ministry on Monday stated tha
Published 10 May, 2011 12:00am
LHC serves notice to IG Punjab

LHC serves notice to IG Punjab

The Lahore High Court(LHC) here on Monday issued notice for May 26 to inspector general (IG) of Punjab police in a petition which complains that heirs of cops killed in GPO Chowk blast have not been given jobs in police department. The petitioner Muhammad
Published 10 May, 2011 12:00am
Rs 156 billion revenue target set for May

Rs 156 billion revenue target set for May

The Federal Board of Revenue has fixed Rs 156 billion as tax collection target for May 2011 to meet the revised target of Rs 1,588 billion for 2011-12. Sources told Business Recorder here on Monday that the target of Rs 156 billion has been chalked
Published 10 May, 2011 12:00am
Recovery of Rs 780 million: TCP files suits against two sugar mills

Recovery of Rs 780 million: TCP files suits against two sugar mills

Trading Corporation of Pakistan (TCP) has filed suits against two sugar mills for recovery of some Rs 780 million after these mills failed to supply sugar as per the agreement. Sources told Business Recorder on Monday that TCP has decided to initia
Published 10 May, 2011 12:00am
Munter meets Qaim

Munter meets Qaim

The Ambassador of USA, Cameron Munter, on Monday called on Chief Minister Sindh, Syed Qaim Ali Shah, at the CM. House here. An official statement said that he was accompanied by Consul General based at Karachi, William Martin, and others.
Published 10 May, 2011 12:00am
Power shortfall touches 3,000 megawatts

Power shortfall touches 3,000 megawatts

Constant load-shedding has put public life in misery with the rise in mercury across the country. Power shortfall during the last 24 hours reached 3,000MW with electricity generation static at 12,999MW against the rising demand of 15,994MW.
Published 10 May, 2011 12:00am
SHC orders release of MQM-H leaders on bail

SHC orders release of MQM-H leaders on bail

The Sindh High Court (SHC) on Monday revoked the life term of Muhajir Qaumi Movement-Haqiqi (MQM-H) leaders Afaq Ahmed and Amir Khan, and ordered their release on bail. A lower court had awarded life term to the MQM-H leaders in a murder case.
Published 10 May, 2011 12:00am
GIZ to work in Punjab, Khyber Pakhtunkhwa with NAVTEC

GIZ to work in Punjab, Khyber Pakhtunkhwa with NAVTEC

GIZ, a German Agency for international development is ready to work in Punjab and Khyber-Pakhtunkhwa (KPK) with NAVTEC as focal point. The Agency will be spending 17 millions Euros in this regard. The main components of their activity would be Governance
Published 10 May, 2011 12:00am
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