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Print - 2011-05-21
New York cotton futures mixed

New York cotton futures mixed

US cotton futures settled mixed Friday as fibre contracts languished and players mulled what market direction next week, brokers said. The key July cotton contract on ICE Futures US shed 0.04 cent to close at $1.5561 per lb, dealing from $1.5006 to $1.570
Published 21 May, 2011 12:00am
ICE Canada to trade wheat

ICE Canada to trade wheat

ICE Futures Canada will launch spring wheat and durum contracts early next year to take advantage of Ottawa's planned dismantling of the Canadian Wheat Board's grain monopoly, its chief operating officer said on Thursday.
Published 21 May, 2011 12:00am
US copper lower

US copper lower

Copper ended lower on Thursday, unable to build on the previous session's sharp rally, as investors sided with caution after another round of weak data suggested the US economic recovery could be stalling. In New York, the COMEX July contract fell 5.25 ce
Published 21 May, 2011 12:00am
Copper moves up

Copper moves up

Copper rose on Friday, regaining ground after losses in the previous session, as investors looked to positive signals from top consumer China. Three-month copper on the London Metal Exchange closed at $9,071 a tonne from $8,950 at Thursday's close, regist
Published 21 May, 2011 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Key Tokyo rubber futures inched lower on Friday, as a firmer yen and weakness in the Shanghai rubber market dampened sentiment, but a rise in oil prices kept losses limited. The key Tokyo Commodity Exchange rubber contract for October delivery edged down
Published 21 May, 2011 12:00am
Malaysian palm oil hits six-week high

Malaysian palm oil hits six-week high

Malaysian palm oil futures hit their highest in almost six weeks on Friday as upbeat export data and broad gains across commodity markets buoyed sentiment. Cargo surveyor Intertek Testing Services said Malaysia shipped 794,322 tonnes of palm oil products
Published 21 May, 2011 12:00am
New York sugar tumbles

New York sugar tumbles

Sugar futures tumbled on Thursday, as bumper supplies from top grower Brazil and major exporter Thailand scuppered a modest advance in the sweetener. Arabica coffee settled at the lowest level in more than six weeks, while cocoa finished flat to slightly
Published 21 May, 2011 12:00am
Liffe sugar rises

Liffe sugar rises

Liffe August white sugar closes $6.80 higher at $625.30 a tonne on Friday. Market underpinned by port congestion in top producer Brazil. Liffe September cocoa ends 45 pounds lower at 1,845 pounds a tonne, with a pick-up in the pace of exports from top pro
Published 21 May, 2011 12:00am
World oil climbs

World oil climbs

Oil rose in thin, volatile trading on Friday, bouncing back from sharp mid-session losses as traders struggled to set a clear direction in a market buffeted by new eurozone concerns and mixed signals on demand. The expiration of the June US crude contract
Published 21 May, 2011 12:00am
Gold bounces in Asia

Gold bounces in Asia

Gold bounced on Friday as bargain hunters resurfaced after prices slipped in the previous session, while silver could be struggling to sustain early gains following a drop in exchange-traded fund holdings. Bullion has fallen about 5 percent since rallying
Published 21 May, 2011 12:00am
Gold dips in Europe

Gold dips in Europe

Gold dipped on Friday as the euro fell against the dollar on worries about the outcome of Spain's regional elections and an uncertain Greek debt situation, while options expiry next week also kept prices in a tight range. Bullion has dropped about 5 perce
Published 21 May, 2011 12:00am
US MIDDAY: coffee down

US MIDDAY: coffee down

US cocoa futures closed at a four-month low on Friday, in heavy dealings pressured by earlier weakness in the commodity complex and abundant supplies as exports in top grower Ivory Coast resumed. The key July raw sugar contract rose 0.59 cent, or 2.7 perc
Published 21 May, 2011 12:00am
US MIDDAY: corn rebounds

US MIDDAY: corn rebounds

US corn futures on Friday shrugged off early profit-taking pressure to stage a fresh rally on continued planting delays. Corn prices rose to their highest since April 27 as forecasts for excessively wet weather and flooding in the Midwest next week offere
Published 21 May, 2011 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

Copper closed the trading week on a stronger footing on Friday, touching its highest in more than two weeks as evidence of strengthening Chinese demand gave values a firm boost. In New York, the COMEX July contract climbed 6.90 cents, or 1.7 percent, to s
Published 21 May, 2011 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

Gold rose 1.5 percent Friday, its biggest daily gain in two weeks, on safe-haven buying as investors fretted about eurozone debt after Fitch cut Greece's credit ratings. Bullion fell early in the session before turning higher after Fitch downgraded Greece
Published 21 May, 2011 12:00am
NIT's kiosk in PSO Karachi head office

NIT's kiosk in PSO Karachi head office

National Investment Trust (NIT) in a bid to educate the employees of Pakistan State Oil (PSO) masses about investment opportunities in mutual funds is setting up an exclusive kiosk for two days at PSO Head Office on May 23, 2011.
Published 21 May, 2011 12:00am
NIT's kiosk in PSO Karachi head office

NIT's kiosk in PSO Karachi head office

National Investment Trust (NIT) in a bid to educate the employees of Pakistan State Oil (PSO) masses about investment opportunities in mutual funds is setting up an exclusive kiosk for two days at PSO Head Office on May 23, 2011.
Published 21 May, 2011 12:00am
MCC detects evasion of RD on export of raw, wet blue hides

MCC detects evasion of RD on export of raw, wet blue hides

Model Customs Collectorate (MCC) has detected massive evasion of Regulatory Duty (RD) on the export of raw and wet blue hides and skins. Sources told Business Recorder that credible information was received regarding the massive evasion of Regulato
Published 21 May, 2011 12:00am
Chief Commissioner RTO meets representatives of hotels & restaurants

Chief Commissioner RTO meets representatives of hotels & restaurants

A meeting with the representatives of hotels & restaurants in Karachi was held in the office of the Chief Commissioner, Regional Tax Office-Ill, Karachi with regard to new Income Tax and Sales Tax Registrations and filing of correct declarations by the re
Published 21 May, 2011 12:00am
PIA clarification

PIA clarification

PIA clarifies a news item appearing in a section of the Press with reference to Joint Action Committee's Statement (Placement of PIA employees on senior level positions). All executive positions in PIA are approved after thorough deliberations, viability
Published 21 May, 2011 12:00am
Appointment of directors irks PIA employees

Appointment of directors irks PIA employees

The appointment of pilots, having no relevant experience on high profile administrative positions, is not only inappropriate and raises question mark on the 'Merit-Based Appointments and Promotion' policy of the management, said the spokesman of Joint Act
Published 21 May, 2011 12:00am
'KESC's striking employees start returning to work'

'KESC's striking employees start returning to work'

The Karachi Electric Supply Company (KESC) has received positive response from many employees on strike who individually contacted the management to express their support and solidarity with the cause of normalising all outstanding complaints and faults.
Published 21 May, 2011 12:00am
13 injured in road mishap

13 injured in road mishap

At least 13 passengers including women and children have been injured in a road accident took place near Dalbandin town on Friday. "A passenger bus Al-Azeez Coach- No-BSA 122 left Gardi Jangle area of Chagai district for the provincial capital Quetta and
Published 21 May, 2011 12:00am
CID arrests three suspected militants, recovers weapons

CID arrests three suspected militants, recovers weapons

Crime Investigation Department (CID) of Sindh Police on Friday claimed to have arrested three militants of banned outfit Tehreek Taliban Pakistan (TTP) and recovered weapons from their possessions.
Published 21 May, 2011 12:00am
One killed, another injured in tribal clash

One killed, another injured in tribal clash

One person has been killed and another injured in crossfire which took place between two tribes in Mach. "The armed men of two local tribes opened fire at each other, in which one person was killed and another injured," police told on Friday. The dead was
Published 21 May, 2011 12:00am
'18 companies issued licenses to set up power units'

'18 companies issued licenses to set up power units'

Sindh Secretary Environment Mir Hussain Ali has said that the government has issued licenses to 18 companies for establishing power units to generate at least 1,440 MW of electricity. Addressing the members of Korangi Association of Trade and Industry (Ka
Published 21 May, 2011 12:00am
PSO launches CNG customer safety awareness drive

PSO launches CNG customer safety awareness drive

Pakistan State Oil (PSO), the largest energy sector company in Pakistan, is dedicated to promoting safe usage of CNG across the board. PSO who prides itself on its status of being a market leader both in terms of number of CNG stations and market share am
Published 21 May, 2011 12:00am
JCR-VIS upgrades entity ratings of RMBL

JCR-VIS upgrades entity ratings of RMBL

JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the entity ratings of Rozgar Microfinance Bank Limited (RMBL) from 'BB-/B' (Double B Minus/Single B) to 'BB3' (Double B Plus/A-Three). The upgrade takes into account the excess liquidity carried
Published 21 May, 2011 12:00am
JCR-VIS upgrades entity ratings of RMBL

JCR-VIS upgrades entity ratings of RMBL

JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the entity ratings of Rozgar Microfinance Bank Limited (RMBL) from 'BB-/B' (Double B Minus/Single B) to 'BB3' (Double B Plus/A-Three). The upgrade takes into account the excess liquidity carried
Published 21 May, 2011 12:00am
JCR-VIS revises rating of UGIP to BBB-(f)

JCR-VIS revises rating of UGIP to BBB-(f)

JCR-VIS Credit Rating Company Limited (JCR-VIS) has revised the Fund Stability Rating of United Growth & Income Fund (UGIP) from 'BBB+(f)' (Triple B Plus (f)) to 'BBB-(f)' (Triple B Minus (f)). The rating change incorporates the increasing proportion of h
Published 21 May, 2011 12:00am
JCR-VIS revises rating of UGIP to BBB-(f)

JCR-VIS revises rating of UGIP to BBB-(f)

JCR-VIS Credit Rating Company Limited (JCR-VIS) has revised the Fund Stability Rating of United Growth & Income Fund (UGIP) from 'BBB+(f)' (Triple B Plus (f)) to 'BBB-(f)' (Triple B Minus (f)). The rating change incorporates the increasing proportion of h
Published 21 May, 2011 12:00am
JCR-VIS finalises fund rating of FMMF at AA+(f)

JCR-VIS finalises fund rating of FMMF at AA+(f)

On review of final constitutive documents, JCR-VIS Credit Rating Company Limited has finalised the Fund Stability Rating (FSR) of Faysal Money Market Fund (FMMF) at AA+(f) (Double A Plus(f). Launched on December 13, 2010, FMMF has been structured, as an o
Published 21 May, 2011 12:00am
JCR-VIS finalises fund rating of FMMF at AA+(f)

JCR-VIS finalises fund rating of FMMF at AA+(f)

On review of final constitutive documents, JCR-VIS Credit Rating Company Limited has finalised the Fund Stability Rating (FSR) of Faysal Money Market Fund (FMMF) at AA+(f) (Double A Plus(f). Launched on December 13, 2010, FMMF has been structured, as an o
Published 21 May, 2011 12:00am
JCR-VIS assigns AA-(f) rating to UBL UISF

JCR-VIS assigns AA-(f) rating to UBL UISF

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has assigned initial Fund Stability Rating of 'AA-(f) (Double A Minus (f)) to UBL Islamic Savings Fund (UISF). UISF is an open-end income fund permitted to invest in Shari'ah-compliant fixed-income avenues. Credit ar
Published 21 May, 2011 12:00am
JCR-VIS assigns AA-(f) rating to UBL UISF

JCR-VIS assigns AA-(f) rating to UBL UISF

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has assigned initial Fund Stability Rating of 'AA-(f) (Double A Minus (f)) to UBL Islamic Savings Fund (UISF). UISF is an open-end income fund permitted to invest in Shari'ah-compliant fixed-income avenues. Credit ar
Published 21 May, 2011 12:00am
Interior ministry issued 84,000 arms licences since February 2008

Interior ministry issued 84,000 arms licences since February 2008

The Interior Ministry issued about 84,000 arms licences from February 2008 to December 2010 in hassle prior to introduction of computerised system, and no application was entertained afterwards. The Ministry had received about 92,600 applications for non-
Published 21 May, 2011 12:00am
Cutting of trees: LHC seeks report from LDA

Cutting of trees: LHC seeks report from LDA

The Lahore High Court (LHC) here on Friday sought a report from Lahore Development Authority (LDA) till May 27 about cutting of trees from a green belt in Shadbagh Scheme-II after Parks and Horticulture Authority (PHA) denied having any role in the matter
Published 21 May, 2011 12:00am
Two LEA men killed in Mand attack

Two LEA men killed in Mand attack

At least two personnel of a law enforcement agency were killed and other two injured in an attack and firing that took place in Mand area of Turbat district on Friday. "Unknown armed men attacked and opened fire at an official vehicle carrying personnel o
Published 21 May, 2011 12:00am
Pakistan's participation dwindles at Hannover Messe

Pakistan's participation dwindles at Hannover Messe

Instead of moving forward, Pakistan's industrialists and trades people are going backwards. Pakistan missed a golden opportunity to display its achievements in engineering goods manufacturing industry when it messed up its participation in the world's mos
Published 21 May, 2011 12:00am
Chief Justice LHC visits LHCBA office

Chief Justice LHC visits LHCBA office

Chief Justice Lahore High Court Ijaz Ahmad Chaudhry here on Friday visited the Lahore High Court Bar Association office along with the judges. They were welcomed by the elected body led by its president Asghar Ali Gill. The judges remained in the bar for
Published 21 May, 2011 12:00am
IBA holds inter-varsity drama competition

IBA holds inter-varsity drama competition

Institute of Business Administration (IBA) held its first ever inter-university drama competition, 'Drama Fest', where four teams vied against each other to win the coveted prize of Rs 20,000. A number of people flocked to the IBA main campus in spite of
Published 21 May, 2011 12:00am
Police arrest accused involved in targeted killings

Police arrest accused involved in targeted killings

Sindh police on Friday said it arrested a notorious criminal and recovered arms and ammunition from his possession. According to SSP Muhammad Fayyaz Khan, a CID team on a tip-off conducted raid in Rabia City near Johar roundabout and arrested Wasi Iqbal a
Published 21 May, 2011 12:00am
Cops given awards for good performance

Cops given awards for good performance

Capital Police gave awards to those officers and officials of Islamabad Police who discharged their duties in a responsible manner. Eighteen outstanding cops of the Security Division of the Capital Police were given awards for their good performance in ma
Published 21 May, 2011 12:00am
Rabitah office of Dr Firdous attacked

Rabitah office of Dr Firdous attacked

The Rabitah Office of Federal Minister for Information and Broadcasting, Dr Firdous Ashiq Awan was attacked by more than 150 Pakistan Muslim League-N activists, here on Friday. The armed attackers entered the office and damaged the computers and other off
Published 21 May, 2011 12:00am
'Pakistani army ready to face all challenges'

'Pakistani army ready to face all challenges'

Commandant Strategic Force Command and Colonel Commandant Regiment of Artillery, Lieutenant General Jamil Haider has said the country is facing the challenge of terrorism but Pak army is ready to curb this menace. Addressing the 25th recruits passing out
Published 21 May, 2011 12:00am
Transfers, postings in Punjab

Transfers, postings in Punjab

Punjab government on Friday has carried out transfer and posting of the officials. According to a notification, Syed Imtiaz Hussain Shah, Project Director, Sustainable Livelihood Barani Areas Project, Agency for Barani Areas Development (ABAD), Rawalpindi
Published 21 May, 2011 12:00am
PLDDB, UVAS sign MoU

PLDDB, UVAS sign MoU

Punjab Livestock and Dairy Development Board (PLDDB) and University of Veterinary and Animal Sciences have signed a memorandum of understanding to share technical and institutional support for the development of dairy sector in Pakistan. The MoU was signe
Published 21 May, 2011 12:00am
Projects of Halal products: PIEDMC, Malaysia sign MoU

Projects of Halal products: PIEDMC, Malaysia sign MoU

Punjab Industrial Estate Development and Management Company (PIEDMC) and Government of Malaysia have signed a memorandum of understanding (MoU) to set up projects of Halal products in Pakistan.According to the PIE spokesman, The MoU would help promote bus
Published 21 May, 2011 12:00am
Government violates its own austerity plan

Government violates its own austerity plan

The government's austerity plan has been partly compromised with the expansion of the federal cabinet as the decision to reduce the cabinet size was, according to President Asif Ali Zardari in his address to the joint session of parliament on March 22, a
Published 21 May, 2011 12:00am
Strategy being evolved to enhance provincial resources

Strategy being evolved to enhance provincial resources

Senior Advisor to Chief Minister Punjab Sardar Zulfiqar Ali Khan Khosa has said that Punjab government is formulating a comprehensive strategy to enhance the resources of the province which in the present circumstances is dire need of the hour. He express
Published 21 May, 2011 12:00am
'People to be consulted in identification of development schemes'

'People to be consulted in identification of development schemes'

Khyber Pakhtunkhwa Minister for Information and Culture, Mian Iftikhar Hussein has said identification of developmental schemes and implementation would be done in consultation with the people. He was talking to a delegation of Jabba Thar and Jabba Khushk
Published 21 May, 2011 12:00am
Avoidance of Double Taxation: Pakistan, Mexico initial draft convention

Avoidance of Double Taxation: Pakistan, Mexico initial draft convention

Pakistan and Mexico have initialled a draft convention for Avoidance of Double Taxation. According to statement issued by the FBR here on Friday said that consensus in this regard was reached during the second round of negotiations which were held here fo
Published 21 May, 2011 12:00am
AGP detects Passco's Rs 7.2 billion outstanding wheat bills

AGP detects Passco's Rs 7.2 billion outstanding wheat bills

The Auditor General of Pakistan (AGP) has detected Rs 7.2 billion outstanding wheat bills of Pakistan Agriculture Services and Storage Corporation (Passco) against Khyber Pukhtunkhwa and Azad Jammu and Kashmir governments. Auditor General of Pakistan's re
Published 21 May, 2011 12:00am
Gas theft/leakage: government suffered Rs 1.13 billion loss

Gas theft/leakage: government suffered Rs 1.13 billion loss

The Auditor-General of Pakistan has detected a loss of to the national exchequer due to leakage/theft of gas in Quetta. According to Audit Report 2010-11, in Sui Southern Gas Company Limited (SSGC), it was observed that total unaccounted-for gas (UFG) in
Published 21 May, 2011 12:00am
'Government to eliminate poverty through BISP'

'Government to eliminate poverty through BISP'

Provincial Minister for Labour and Provincial Co-ordinator of People's Youth Organisation Sher Azam Wazir on Friday said that government is making serious efforts to eliminate poverty through Benazir Income Support Programme (BISP). He said that BISP is t
Published 21 May, 2011 12:00am
Islamabad police nab nine including woman

Islamabad police nab nine including woman

Islamabad Police during its on-going anti-outlaw drive nabbed nine accused including a lady drug smuggler from whom looted commodities, drugs and arms were recovered, said a spokesman of Islamabad Police here on Friday. Islamabad Police recovered one pist
Published 21 May, 2011 12:00am
'Capital police to leave no stone unturned to curb crime'

'Capital police to leave no stone unturned to curb crime'

Islamabad Police will leave no stone unturned to curb crime and give people of Federal Capital complete peace of mind by promoting the idea of people friendly and community policing, Wajid Ali Khan Durrani Inspector General of Police (IGP) Islamabad said
Published 21 May, 2011 12:00am
BISP, SLIC sign MoU

BISP, SLIC sign MoU

Chairman Benazir Income Support Programme (BISP), Farzana Raja has termed the signing of Memorandum of Understanding (MoU) with State Life Insurance Corporation (SLIC) as a giant leap to serve the poor masses. She stated this while addressing the MoU sign
Published 21 May, 2011 12:00am
Tale of a DHA lamppost

Tale of a DHA lamppost

During the 2010 monsoon season, the city of Karachi was lashed by unprecedented torrential rains. As a result, a number of streetlights of Phase-VIII in the Defence Housing Authority, (DHA), Karachi, were severely damaged, rendered out of order and some s
Published 21 May, 2011 12:00am
Morale versus execution

Morale versus execution

Morale - the esprit de corps or "spirit of the body" - is the capacity of a group of people to hold a common spirit of loyalty and comradeship. We think of morale as being deep-seated in the psyche of the individual or group. Execution, on the other hand,
Published 21 May, 2011 12:00am
Why FBR failed to raise tax-to-GDP ratio - I

Why FBR failed to raise tax-to-GDP ratio - I

Collection of taxes had always been the most vital source in almost every society in human history, and taxation system has become life-blood for socio-economic development in a modern nation state. A good tax system helps establish a just society through
Published 21 May, 2011 12:00am
Illusions of economics

Illusions of economics

Pakistan has squandered many an opportunity to harness its resources and this goes on unabated. Recently in an article, a former colleague talked of agriculture productivity and the funny aspect was that while in policy-making authority with tyrannical go
Published 21 May, 2011 12:00am
Fall in foreign investment

Fall in foreign investment

Foreign investment has played a crucial role in strengthening the economies of a number of developing countries. Sadly, however, Pakistan seems to be missing the opportunity offered by such a possibility due to a number of factors. According to the latest
Published 21 May, 2011 12:00am
Obama's worldview

Obama's worldview

Like his earlier two speeches, in Istanbul and Cairo, mainly addressed to the Muslim world, President Obama's third on Thursday spelling out his vision of the Arab Spring too is an admixture of his personal pious hopes and failed United States policies. N
Published 21 May, 2011 12:00am
The Weather

The Weather

The weather report on Friday (May 20, 2011) and the forecast for Saturday (May 21, 2011).

Published 21 May, 2011 12:00am
ST post-refund audit: RTOs not informed of ERS data

ST post-refund audit: RTOs not informed of ERS data

There is lack of co-ordination between the Federal Board of Revenue (FBR) and the field formations on the crucial issue of Post-Refund Audit of sales tax refunds issued expeditiously under the Expeditious Refund System (ERS). Sources told Business Reco
Published 21 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 20, 2011).

Published 21 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 20, 2011).

Published 21 May, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 21 May, 2011 12:00am
Two killed, 10 hurt in Jamrud blast

Two killed, 10 hurt in Jamrud blast

Two persons were killed while 10 others injured in an explosion on Jamrud road, near Customs House here on Friday, said police. The bodies and injured were rushed to nearby Khyber Teaching Hospital (KTH). However, the names of the dead and injured could n
Published 21 May, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 21 May, 2011 12:00am
Human rights violations: National Assembly panel expresses concerns

Human rights violations: National Assembly panel expresses concerns

The National Assembly standing committee on human rights on Friday expressed grave concerns over worst violations of human rights due to deteriorating unrest for the last several years in Parachinar and recommended the Defence Ministry and Army Chief to a
Published 21 May, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 17, 2011.

Published 21 May, 2011 12:00am
Steel melters seek adjustable duty on ship breakers

Steel melters seek adjustable duty on ship breakers

Steel Melting Industry has proposed imposition of an adjustable duty on ship breaking industry in budget (2011-2012) arguing that the melters are paying comparatively high amount of sales tax on power consumption as compared to ship breakers. Sources in t
Published 21 May, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 17, 2011.

Published 21 May, 2011 12:00am
LHC moved for live telecast of opposition leader speech on PTV

LHC moved for live telecast of opposition leader speech on PTV

A lawyer Waqar Ahmad Chaudhry has approached the Lahore High Court (LHC) requesting to direct Pakistan Television Corporation (PTV) to telecast speech of opposition leader Chaudhry Nisar in national assembly. Petitioner alleged that the PTV preferred the
Published 21 May, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 17, 2011.

Published 21 May, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (May 20, 2011) and for Saturday (May 21, 2011).
Published 21 May, 2011 12:00am
Rivers flow rise to 3,60,000 cusecs water

Rivers flow rise to 3,60,000 cusecs water

Water level in the four live rivers of the country continues to rise due to hot weather in the upper regions, as rivers flow rose to 3,60,000 cusecs mark on Friday. According to 20th May rivers flow and reservoirs level report of Water and Power Developme
Published 21 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 20, 2011).

Published 21 May, 2011 12:00am
Nation has to prove it can live without foreign aid: Shahbaz

Nation has to prove it can live without foreign aid: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that only those nations survive in the world who have courage to live with honour and dignity. He said that the charities of others would have to be shunned for real economic and political freedom. He
Published 21 May, 2011 12:00am
New IMF chief should be from developing world: PEW

New IMF chief should be from developing world: PEW

Pakistan Economy Watch (PEW) on Friday said new managing director of International Monetary Fund (IMF) should be from the developing world. The new MD should not be a politician as there are many widely respected technocrats and governors of the central b
Published 21 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 Friday (May 20, 2011).

Published 21 May, 2011 12:00am
'16 districts of Punjab face flood threat'

'16 districts of Punjab face flood threat'

There is a threat of flood in 16 districts of Punjab along Jehlum, Chenab and Sindh rivers, this was revealed in a meeting chaired by Secretary Health Punjab Mohammad Jehanzeb Khan here on Friday, to finalise safety arrangements for the monsoon season.
Published 21 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 20, 2011).

Published 21 May, 2011 12:00am
Jamaat-e-Islami for strengthening ties with China

Jamaat-e-Islami for strengthening ties with China

Jamaat-e-Islami (JI) Chief, Syed Munnawar Hassan has said President Zardari and Prime Minister Gilani should reciprocate the warmth shown by the Chinese leadership during Prime Minister Gilani's current visit in order to get rid of the US slavery.
Published 21 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 20, 2011).

Published 21 May, 2011 12:00am
6,000 megawatts power shortfall for third consecutive day

6,000 megawatts power shortfall for third consecutive day

Power shortfall kept on lurking around 6000MW for third consecutive day, leading to 10 - 12 hours load shedding in urban and 20 hours load shedding in rural areas. High temperature is adding fuel to the fire separately, prompting the consumers to come out
Published 21 May, 2011 12:00am
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