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Print - 2011-05-18
Wapda signs Tarbela sediment management agreement

Wapda signs Tarbela sediment management agreement

Pakistan Water and Power Development Authority (Wapda) signed an agreement on sediment management study for Tarbela reservoir, here on Tuesday. The study aims at exploring various options to evacuate sediments from the reservoir to tackle decreasing water
Published 18 May, 2011 12:00am
SMC Hospital has become unique heart surgery centre

SMC Hospital has become unique heart surgery centre

Head of heart surgery department of Sharif Medical City Hospital Raiwind Road, Professor Dr Mazhar-ur-Rehman, has conducted a successful operation of a complex and rare heart disease namely "Hypertrophic Obstructive Cardiomyopathy" (HCOM) of a 31-year-old
Published 18 May, 2011 12:00am
Power shortfall shoots to 4,000 megawatts

Power shortfall shoots to 4,000 megawatts

Power shortfall triggered to 4,000MW during the last 24 hours because of short supply of fuel to thermal generation, reducing, however, to 1,409MW against 1,791MW a week earlier. According to Pepco brief, power generation during last 24 hours stood at 13,
Published 18 May, 2011 12:00am
Water inflows in four rivers reach 270,000 cusecs

Water inflows in four rivers reach 270,000 cusecs

The heat wave conditions in northern areas of the country during past few days has triggered good snow melting, and the water inflows in the four live rivers have reached 270,000 cusecs at their rim stations.
Published 18 May, 2011 12:00am
Passco procures 548,843 metric tons of wheat

Passco procures 548,843 metric tons of wheat

Pakistan Agricultural Storage and Services Corporation (Passco) has so far procured 548,843 metric tons of wheat against the target of 1.3 million tons assigned to it by the Federal government. According to a spokesman of the Corporation, its procurement
Published 18 May, 2011 12:00am
Chief Justice LHC takes notice of gratification in courts

Chief Justice LHC takes notice of gratification in courts

Chief Justice Lahore High Court, Ijaz Ahmed Chaudhry, taking serious notice of gratification by junior court staff including qasids, naib qasids attached with judges and administrative offices of the court, directed all private secretaries, readers, assis
Published 18 May, 2011 12:00am
Killing of Saudi diplomat condemned

Killing of Saudi diplomat condemned

Religious and political parties have condemned the gruesome incident of firing at the Saudi Consulate vehicle in Karachi and the death of a diplomat Hassan Misfir al Qahtani. Terming the incident a conspiracy to strain the relations with the brotherly sta
Published 18 May, 2011 12:00am
Maulana Murad Halejvi passes away

Maulana Murad Halejvi passes away

Prominent religious scholar and Vice President of JUI-F Sindh Maulana Murad Halejvi died of heart failure here on Monday. He was 70. He was laid to rest in his native village graveyard near Pano Aqil on Tuesday. Senator Khalid Mehmood Soomro and a large n
Published 18 May, 2011 12:00am
Etihad Airways introduces amenity-kits

Etihad Airways introduces amenity-kits

Etihad Airways, the national airline of the United Arab Emirates, has launched new amenity kits for male and female passengers travelling in First class on flights between Abu Dhabi and the following destinations: London; Paris; Geneva; Sydney; and Melbou
Published 18 May, 2011 12:00am
Need to improve technical education

Need to improve technical education

Progress and education are inter-linked. But in Pakistan, schools and the education system are struggling for survival although technical education is very important in the modern age. But only half of Pakistani's total population is literate.
Published 18 May, 2011 12:00am
Pak-China relations

Pak-China relations

"China stands firmly behind Pakistan and Pakistani government is firmly resolved and strongly active in its fight against terrorism and has made important contributions to international anti-terror efforts". This statement testifies the famous line which
Published 18 May, 2011 12:00am
Need for taxpayers' bill of rights: pre-budget tax proposals - V

Need for taxpayers' bill of rights: pre-budget tax proposals - V

I. Studies, 1. Administration of penalties and interest: The bill requires the Joint Committee on Taxation and the Treasury to each conduct a separate study reviewing the interest and penalty provisions of the Code, and makes any legislative and ad
Published 18 May, 2011 12:00am
Foreign Remittance

Foreign Remittance

This year we are expecting more than $10 billion in foreign remittance. A very large number of Pakistanis are currently working and living in countries that are not their home, and sending funds regularly back to their families in Pakistan. Foreign remitt
Published 18 May, 2011 12:00am
Senator Kerry's hectic visit

Senator Kerry's hectic visit

Given the brazen violation of Pakistan's territorial integrity by the American raiders on May 2, the Pak-US bilateral relationship may never regain the warmth it had when the two sides joined together as anti-terrorism allies.
Published 18 May, 2011 12:00am
Uninterrupted power supply!

Uninterrupted power supply!

According to a section of the press, the federal government is deliberating launching a scheme that would provide guaranteed and uninterrupted power supply to wealthy industrial consumers at a considerably higher tariff rate. Just how high it would be has
Published 18 May, 2011 12:00am
'Management, employees striving to restore lost glory of PIA'

'Management, employees striving to restore lost glory of PIA'

Management and employees of National flag carrier are jointly striving to bring back the lost glory of PIA by cutting costs where possible and bringing efficiencies in operations through regular consultation at all levels. This was stated by Captain Suhai
Published 18 May, 2011 12:00am
World Hypertension Day observed

World Hypertension Day observed

World Hyperten-sion Day was observed across the country like many other parts of the world on Tuesday. According to an estimate, over one billion people are suffering from hypertension across the world. In Pakistan one person out of ten is patient of hype
Published 18 May, 2011 12:00am
Names of SU monitoring body members announced

Names of SU monitoring body members announced

The University of Sindh has announced the names of members of Monitoring Committee constituted by the Consultative Committee for establishment of conducive academic environment at the campus. The responsibility regarding constitution of the committee was
Published 18 May, 2011 12:00am
18 hurt in clash over water dispute

18 hurt in clash over water dispute

At least 18 people have been injured in a clash over water dispute in Rojhan Jamali. "Two clans of a local tribe developed a clash over water supply dispute and used sticks and clubs against each others," police told on Tuesday. As a result of fight, 18 p
Published 18 May, 2011 12:00am
NBP signs cash, cheque management agreement

NBP signs cash, cheque management agreement

National Bank of Pakistan (NBP) signs Cash & Cheque Management Agreement for Collection Services with NBP Fullerton Asset Management Limited (NAFA). Financial Institutions and Cash Management Division (FI&CMD)/OBG of NBP have concluded Cash & Cheque Colle
Published 18 May, 2011 12:00am
NBP signs cash, cheque management agreement

NBP signs cash, cheque management agreement

National Bank of Pakistan (NBP) signs Cash & Cheque Management Agreement for Collection Services with NBP Fullerton Asset Management Limited (NAFA). Financial Institutions and Cash Management Division (FI&CMD)/OBG of NBP have concluded Cash & Cheque Colle
Published 18 May, 2011 12:00am
Sindh government to release funds for on-going ADP schemes

Sindh government to release funds for on-going ADP schemes

The Sindh government has decided to release all remaining funds for on-going schemes under the Annual Development Programme (ADP) 2010, which would be completed in 2011-12 fiscal year. This was disclosed by the Advisor to Chief Minister Sindh for Planning
Published 18 May, 2011 12:00am
Deaf Reach School graduation ceremony held

Deaf Reach School graduation ceremony held

"This event was not only to applaud the hard work of all the deaf students and their teachers, but also honour their mothers for Mother's Day. These mothers work extra hard to help meet their children's needs, and they are so happy and fulfilled to see th
Published 18 May, 2011 12:00am
SPSC results announced

SPSC results announced

Sindh Public Service Commission has announced the names of successful candidates who were interviewed by the commission for different posts in the health department for P.M.C. for Girls, Shaheed Benazirabad the current month.
Published 18 May, 2011 12:00am
NIT's third branch inaugurated in Lahore

NIT's third branch inaugurated in Lahore

The third branch of Pakistan's first and largest asset management company NIT was inaugurated in Lahore on Tuesday by Mian Tajjamul Hussain, a leading industrialist and senior member of the Board of Directors' of NIT along-with Wazir Ali Khoja Chairman/MD
Published 18 May, 2011 12:00am
Engineering goods makers urged to adopt standardisation

Engineering goods makers urged to adopt standardisation

Pakistan's exports of engineering goods, including surgical instruments, cutlery and electric fans, can cross $1 billion with the introduction of standardisation and certification. This was stated by the chief executive officer (CEO) of Engineering Develo
Published 18 May, 2011 12:00am
Witness Protection Programme ensures security to witnesses

Witness Protection Programme ensures security to witnesses

"The Witness Protection Programme (WPP) would help in ensuring protection to witnesses from physical harm and intimidation. The programme also applies to witness and their family members who may also be under threat." Consultant on Home Affairs Sharfuddin
Published 18 May, 2011 12:00am
Gterrroe

Gterrroe

At least 90 Afghan nationals have been detained in the provincial capital Quetta. "A law enforcement agency conducted raids in Mian Ghundi and Sirki road areas and arrested 90 Afghan nationals for not possessing travelling or immigration documents", polic
Published 18 May, 2011 12:00am
SSUET to launch Cisco networking academy

SSUET to launch Cisco networking academy

Sir Syed University of Engineering and Technology (SSUET) has set up a Cisco Lab preparing the ground for the launch of local Cisco Networking Academy. An official of the institution said on Tuesday that Cisco is the world-wide leader in networking that t
Published 18 May, 2011 12:00am
Establishment of Fata University approved

Establishment of Fata University approved

Establishment of Fata University with an estimated cost of Rs 3 billion has been approved in principle and the project is at initial stage for which a suitable location is being identified. This was disclosed during a presentation to the Governor Khyber P
Published 18 May, 2011 12:00am
Zardari, Khosa discuss law and order situation

Zardari, Khosa discuss law and order situation

Governor Punjab, Sardar Latif Khan Khosa called on President Asif Ali Zardari at Aiwan-e-Sadr Tuesday. Matters relating to law and order situation, development in the province and overall political situation were discussed during the meeting, a press rele
Published 18 May, 2011 12:00am
51 percent reject PPP-PML (Q) alliance: Gallup

51 percent reject PPP-PML (Q) alliance: Gallup

Only 33 percent of the people have supported the alliance of Pakistan Peoples Party and Pakistan Muslim League PML-Q, while 51 percent rejected, said Gallup Pakistan. According to the results of a recent survey conducted by Gallup Pakistan only one third
Published 18 May, 2011 12:00am
IMF not paying for Kahn's case

IMF not paying for Kahn's case

The International Monetary Fund (IMF) has said that the Fund is not covering the fees related to the defence of IMF Chief, Dominique Strauss- Kahn. In response to an on-line question, the IMF response was "Mr Strauss-Kahn has retained legal counsel on a p
Published 18 May, 2011 12:00am
Justice Javed sworn in as acting CEC

Justice Javed sworn in as acting CEC

Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry on Tuesday administered oath of the office as Acting Chief Election Commissioner to Justice Javed Iqbal, Judge Supreme Court of Pakistan. In a simple ceremony Justice Javed Iqbal, senior most Ju
Published 18 May, 2011 12:00am
Rules violations: Ogra penalises OMCs' outlets, CNG stations

Rules violations: Ogra penalises OMCs' outlets, CNG stations

The Oil and Gas Regulatory Authority (Ogra) has issued three show-cause notices to different companies, imposed fine on nine CNG stations on account of violation of rules, and suspended connections of 7 retail outlets of oil marketing companies (OMC).
Published 18 May, 2011 12:00am
Dr Asim sworn in as federal minister

Dr Asim sworn in as federal minister

President Asif Ali Zardari on Tuesday administered oath to Senator Dr Asim Hussain as Federal Minister at a ceremony held here at the Aiwan-e-Sadr. The oath-taking ceremony was attended among others by Minister for Interior Senator A. Rehman Malik, Govern
Published 18 May, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (May 17, 2011) and the forecast for Wednesday (May 18, 2011).

Published 18 May, 2011 12:00am
Pakistan, US advised to avoid confrontation

Pakistan, US advised to avoid confrontation

Defence analyst General (Retd) Talat Masood said US and Pakistan both were currently working on the possibilities to avoid the extreme situations. Talking to VOA on Tuesday, he said that US should listen to the legitimate demands of Pakistan and avoid any
Published 18 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 17, 2011).

Published 18 May, 2011 12:00am
Allies assure Gilani of full cooperation

Allies assure Gilani of full cooperation

Prime Minister Syed Yousuf Raza Gilani has urged his new cabinet colleagues from PML-Q and MQM to stand united. Official documents available with Business Recorder reveal that the Prime Minister expressed the confidence that the new partners in gov
Published 18 May, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 18 May, 2011 12:00am
WHT on gold import may be cut to 0.1 percent

WHT on gold import may be cut to 0.1 percent

The Federal Board of Revenue (FBR) is expected to incorporate a budget proposal floated by the Securities and Exchange Commission of Pakistan (SECP) to reduce withholding tax on import of gold @ of 0.1 percent of the import value. It is learnt that the FB
Published 18 May, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 18 May, 2011 12:00am
Jamaat-e-Islami flays Nato airspace violation

Jamaat-e-Islami flays Nato airspace violation

Jamaat-e-Islami chief, Syed Munawar Hasan, has condemned Nato gun-ship helicopters' firing at a military post and termed it an attack on country's independence and sovereignty and a mockery of parliament's resolution in this regard. He called for immediat
Published 18 May, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 17, 2011).

Published 18 May, 2011 12:00am
PFMA reduces 20kg flour bag price

PFMA reduces 20kg flour bag price

Pakistan Flour Mills Association (PFMA) has announced a reduction of Rs 15 in the price of 20 kilograms flour bag from Wednesday to pass on the benefit of lower prices of new wheat crop to the consumers. The Association announced the new price after a mee
Published 18 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 17, 2011).

Published 18 May, 2011 12:00am
Dacoit among three killed

Dacoit among three killed

At least three persons including a dacoit were killed in a robbery bid in the limits of Pak Colony police station on Tuesday. According to police, four dacoits, who entered in Bismillah Marble Shop near Ghattar Baghicha and tried to rob the shop, killed a
Published 18 May, 2011 12:00am
US deepens engagement with Afghan Taliban to end war: report

US deepens engagement with Afghan Taliban to end war: report

The United States has stepped up direct talks with the Afghan Taliban for a political settlement of the 10-year-old war, the Washington Post reported on Tuesday, a move that analysts said earlier was easier following the death of Osama bin Laden.
Published 18 May, 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 (May 17, 2011).

Published 18 May, 2011 12:00am
Respondents restrained from operating CPNE bank accounts

Respondents restrained from operating CPNE bank accounts

The Sindh High Court has restrained respondents from operating bank accounts of Council of Pakistan Newspaper Editors (CPNE) till May 26, 2011. Advocate Kaleemul Hasan Siddiqui contended that Petitioner 1 (CPNE) was a registered Society and held its elect
Published 18 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 17, 2011).

Published 18 May, 2011 12:00am
Hunza river victims demand early compensation

Hunza river victims demand early compensation

The affectees of dammed Hunza river demanded on Tuesday for early discharge of water from the river and earlier distribution of compensation amount among the 457 listed households. The protesters from Gulmit, Shishkat and Ayeenabad gathered again and bloc
Published 18 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 17, 2011).

Published 18 May, 2011 12:00am
Yemeni family of bin Laden widow demands her return

Yemeni family of bin Laden widow demands her return

The Yemeni family of the youngest widow of al Qaeda chief Osama bin Laden demanded on Tuesday that she be repatriated along with her five children from Pakistan where she is being detained. The brother of Amal Abdulfattah told AFP he had received assuranc
Published 18 May, 2011 12:00am
Lady dacoit, smuggler among six suspects nabbed

Lady dacoit, smuggler among six suspects nabbed

Islamabad Police during its on-going anti-outlaws drive have nabbed six accused including a lady dacoit and a lady smuggler and recovered looted commodities, drugs and arms from their possession, said a spokesman of Islamabad Police here on Tuesday.
Published 18 May, 2011 12:00am
THE RUPEE: dollar slips marginally

THE RUPEE: dollar slips marginally

Slight changes were seen on the currency market on Tuesday as the rupee moved cautiously versus dollar in process of trading, dealers said. The rupee inched up in relation to dollar, gaining two paisa for buying at 85.32 and picked up one paisa for sellin
Published 18 May, 2011 12:00am
Four killed in various areas of the city

Four killed in various areas of the city

Four people were killed in separate incidents here on Tuesday in different areas of the city. According to details, a man was shot dead in Mehmoodabad area in the limits of Baloch Colony police station by unknown armed men. The victim, Abdul Majeed, 30, s
Published 18 May, 2011 12:00am
THE RUPEE: dollar slips marginally

THE RUPEE: dollar slips marginally

Slight changes were seen on the currency market on Tuesday as the rupee moved cautiously versus dollar in process of trading, dealers said. The rupee inched up in relation to dollar, gaining two paisa for buying at 85.32 and picked up one paisa for sellin
Published 18 May, 2011 12:00am
'Pakistan needs change in Indian-centric policy'

'Pakistan needs change in Indian-centric policy'

A former ambassador, BA Malik, on Tuesday called for reviewing the country's India-centric policy after the Abbottabad incident of May 2 as this could help bring in permanent peace in the region. "Following the events of recent days, it is felt that time
Published 18 May, 2011 12:00am
US Treasury blacklists 21st Iranian bank

US Treasury blacklists 21st Iranian bank

The United States on Tuesday blacklisted another Iranian state-owned bank for its role in an increasingly sophisticated campaign by Tehran to evade international sanctions, a senior US Treasury official said. The Treasury has designated Iran''s Bank of In
Published 18 May, 2011 12:00am
US Treasury blacklists 21st Iranian bank

US Treasury blacklists 21st Iranian bank

The United States on Tuesday blacklisted another Iranian state-owned bank for its role in an increasingly sophisticated campaign by Tehran to evade international sanctions, a senior US Treasury official said. The Treasury has designated Iran's Bank of Ind
Published 18 May, 2011 12:00am
US Treasury blacklists 21st Iranian bank

US Treasury blacklists 21st Iranian bank

The United States on Tuesday blacklisted another Iranian state-owned bank for its role in an increasingly sophisticated campaign by Tehran to evade international sanctions, a senior US Treasury official said. The Treasury has designated Iran's Bank of Ind
Published 18 May, 2011 12:00am
Discos may be allowed to buy power directly from gencos

Discos may be allowed to buy power directly from gencos

The government is to allow power distribution companies (discos) to purchase power directly from generation companies (gencos), aiming at enhancing competition between companies, sources in the Planning Commission told Business Recorder here on Tue
Published 18 May, 2011 12:00am
Discos may be allowed to buy power directly from gencos

Discos may be allowed to buy power directly from gencos

The government is to allow power distribution companies (discos) to purchase power directly from generation companies (gencos), aiming at enhancing competition between companies, sources in the Planning Commission told Business Recorder here on Tue
Published 18 May, 2011 12:00am
Discos may be allowed to buy power directly from gencos

Discos may be allowed to buy power directly from gencos

The government is to allow power distribution companies (discos) to purchase power directly from generation companies (gencos), aiming at enhancing competition between companies, sources in the Planning Commission told Business Recorder here on Tue
Published 18 May, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 17, 2011).

Published 18 May, 2011 12:00am
Forces kill five suspected suicide bombers

Forces kill five suspected suicide bombers

Security forces shot dead five suspected al Qaeda-linked Chechen militants who had tried to carry out a suicide bombing in here on Tuesday, police and paramilitary officials said. The would-be bombers included three women, police said. They were killed ne
Published 18 May, 2011 12:00am
Forces kill five suspected suicide bombers

Forces kill five suspected suicide bombers

Security forces shot dead five suspected al Qaeda-linked Chechen militants who had tried to carry out a suicide bombing in here on Tuesday, police and paramilitary officials said. The would-be bombers included three women, police said. They were killed ne
Published 18 May, 2011 12:00am
President reconstitutes NEC

President reconstitutes NEC

President Asif Ali Zardari Tuesday on the advice of the Prime Minister has reconstituted the National Economic Council (NEC) under Article 156 (1) of the Constitution.
Published 18 May, 2011 12:00am
President reconstitutes NEC

President reconstitutes NEC

President Asif Ali Zardari Tuesday on the advice of the Prime Minister has reconstituted the National Economic Council (NEC) under Article 156 (1) of the Constitution.
Published 18 May, 2011 12:00am
President reconstitutes NEC

President reconstitutes NEC

President Asif Ali Zardari Tuesday on the advice of the Prime Minister has reconstituted the National Economic Council (NEC) under Article 156 (1) of the Constitution.
Published 18 May, 2011 12:00am
President reconstitutes NEC

President reconstitutes NEC

President Asif Ali Zardari Tuesday on the advice of the Prime Minister has reconstituted the National Economic Council (NEC) under Article 156 (1) of the Constitution.
Published 18 May, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 May, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 May, 2011 12:00am