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Print - 2011-05-30
KESC urged to ensure uninterrupted supply

KESC urged to ensure uninterrupted supply

Prominent businessmen Zubair Motiwala, who is also the Advisor to Chief Minister Sindh, has urged the management of Karachi Electric Supply Corporation (KESC) to ensure uninterrupted power supply to its customers.
Published 30 May, 2011 12:00am
Minister condemns killing of four girls

Minister condemns killing of four girls

Sindh Minister for Human Rights Ms Nadia Gabol has strongly condemned the killing of four minor girls by their father in Hyderabad and directed the concerned officials to take stern action against the accused. Minister said that killing of an innocent per
Published 30 May, 2011 12:00am
Islamabad Hotel building catches fire

Islamabad Hotel building catches fire

Fire erupted in Islamabad International Hotel near KFC in the Cantonment area on Sunday afternoon, Rescue 1122 sources said. Rescue 1122 personnel reached the spot within five minutes. They used special vehicle TTL (Turntable Ladder) to rescue the people
Published 30 May, 2011 12:00am
Aashiyana Housing Schemes meant for the poor: Shahbaz

Aashiyana Housing Schemes meant for the poor: Shahbaz

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that Punjab government has materialised the dream of the poor of having their own house by launching Aashiyana Housing Project first time in the history of the country.
Published 30 May, 2011 12:00am
Provision of drugs to patients

Provision of drugs to patients

The Services Hospital Lahore Administration (SHLA) has announced new standard operating procedure (SOPs) for the provision of hospital medicine to the patients. New policy focuses the availability of medicine for the admitted patients at their beds and is
Published 30 May, 2011 12:00am
56 paintings of Pakistani artists sold in Singapore

56 paintings of Pakistani artists sold in Singapore

A record number of 56 paintings out of total 75 displayed in the group of 13 Pakistani artists were sold like hot cakes in Singapore. On display in the just concluded exhibition "Artistic Fusions From Pakistan" were the selected art works of Iqbal Hussain
Published 30 May, 2011 12:00am
CIP providing technical workforce to cutlery sector

CIP providing technical workforce to cutlery sector

Cutlery Institute of Pakistan (CIP) after its revival at a cost of Rs 39.84 million is successfully functioning and providing technical support to the business community engaged with cutlery industry functioning in and close to Wazirabad.
Published 30 May, 2011 12:00am
Non-availability of senior doctors

Non-availability of senior doctors

Secretary Health Punjab, Mohammad Jehanzeb Khan, has taken serious notice of the news items regarding the non-availability of senior doctors, specially the professors and sought a report from the principals of medical colleges in this regard.
Published 30 May, 2011 12:00am
Pak-Afghan parliamentarians hold peace dialogue in Kabul

Pak-Afghan parliamentarians hold peace dialogue in Kabul

18 Pakistani members of parliament left for Kabul on Sunday to hold a two-day dialogue with their Afghan counterparts on issues of mutual interest and concern that impact the relationship between the two neighbouring countries. The dialogue will focus on
Published 30 May, 2011 12:00am
Punjab Model of Proactive Governance launched in 15 districts

Punjab Model of Proactive Governance launched in 15 districts

The Punjab government has launched "Punjab Model of Proactive Governance" to fight corruption, improve service-delivery mechanism and to facilitate the citizens' engagement by proactively seeking feedback of people who received any day-to-day government s
Published 30 May, 2011 12:00am
Electricity demand rises to 1,100MW

Electricity demand rises to 1,100MW

Hot and dry weather in most parts of the country increased electricity demand from 15073 MW to 16156 MW, an increase of about 1,100 MW whereas the power generation decreased by about 100 MW on Sunday. Briefing newsmen about power situation, a PEPCO spokes
Published 30 May, 2011 12:00am
Five people injured in firing

Five people injured in firing

Five people were injured including a young boy in firing by unidentified armed men on Sunday at Bhittai Abad, in the limits of Sachal police station, Karachi.
Published 30 May, 2011 12:00am
RGST to cause reduction in agriculture output by 10 percent: KBP

RGST to cause reduction in agriculture output by 10 percent: KBP

The reformed general sales tax (RGST) on the agriculture machinery and other inputs will increase farmers' per acre cost of production by Rs 4,000 and reduce the over all agriculture production by 10 percent, Kissan Board Pakistan warned the government he
Published 30 May, 2011 12:00am
Pakistani deported from Britain

Pakistani deported from Britain

A Pakistani man convicted of child sex offences in Britain has been deported after losing a fight to stay in the country, the interior ministry said Sunday. Zulfqar Hussain, 50, left Britain on Saturday for Islamabad after officials dismissed his argument
Published 30 May, 2011 12:00am
Pakistani deported from Britain

Pakistani deported from Britain

A Pakistani man convicted of child sex offences in Britain has been deported after losing a fight to stay in the country, the interior ministry said Sunday. Zulfqar Hussain, 50, left Britain on Saturday for Islamabad after officials dismissed his argument
Published 30 May, 2011 12:00am
Egypt police arrest Iranian diplomat for spying

Egypt police arrest Iranian diplomat for spying

An Egyptian security official says police have arrested an Iranian diplomat suspected of espionage in the wake of the uprising that toppled former President Hosni Mubarak. The official said Sunday that Qassem al-Husseini, from the Iranian diplomatic missi
Published 30 May, 2011 12:00am
Egypt police arrest Iranian diplomat for spying

Egypt police arrest Iranian diplomat for spying

An Egyptian security official says police have arrested an Iranian diplomat suspected of espionage in the wake of the uprising that toppled former President Hosni Mubarak. The official said Sunday that Qassem al-Husseini, from the Iranian diplomatic missi
Published 30 May, 2011 12:00am
Tin plate import SED exemption to go

Tin plate import SED exemption to go

The Federal Board of Revenue (FBR) has proposed withdrawal of exemption of special excise duty (SED) on import of tin plate in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
Tin plate import SED exemption to go

Tin plate import SED exemption to go

The Federal Board of Revenue (FBR) has proposed withdrawal of exemption of special excise duty (SED) on import of tin plate in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
Tin plate import SED exemption to go

Tin plate import SED exemption to go

The Federal Board of Revenue (FBR) has proposed withdrawal of exemption of special excise duty (SED) on import of tin plate in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
Makhdoom Amin attains senior minister's status

Makhdoom Amin attains senior minister's status

Commerce Minister Makhdoom Amin Fahim has succeeded in getting the status of 'Senior Federal Minister' after about two-and-a-half years of prolonged wait, sources told Business Recorder. "The government has clarified its position about the status o
Published 30 May, 2011 12:00am
Makhdoom Amin attains senior minister's status

Makhdoom Amin attains senior minister's status

Commerce Minister Makhdoom Amin Fahim has succeeded in getting the status of 'Senior Federal Minister' after about two-and-a-half years of prolonged wait, sources told Business Recorder. "The government has clarified its position about the status o
Published 30 May, 2011 12:00am
July-March period: $136.5 million received from US

July-March period: $136.5 million received from US

The USA disbursed $136.5 million to Pakistan during the first three quarters of this financial year (July 2010 to March 2011), while total amount received from Germany and Japan during the same period was $137.6 million.
Published 30 May, 2011 12:00am
July-March period: $136.5 million received from US

July-March period: $136.5 million received from US

The USA disbursed $136.5 million to Pakistan during the first three quarters of this financial year (July 2010 to March 2011), while total amount received from Germany and Japan during the same period was $137.6 million.
Published 30 May, 2011 12:00am
July-March period: $136.5 million received from US

July-March period: $136.5 million received from US

The USA disbursed $136.5 million to Pakistan during the first three quarters of this financial year (July 2010 to March 2011), while total amount received from Germany and Japan during the same period was $137.6 million.
Published 30 May, 2011 12:00am
Lockheed Martin says it repelled cyber attack

Lockheed Martin says it repelled cyber attack

Lockheed Martin, one of the world's largest defence contractors, was on Sunday investigating the source of a major cyber-attack one week ago against its information network, the company said. "Lockheed Martin detected a significant and tenacious attack on
Published 30 May, 2011 12:00am
Lockheed Martin says it repelled cyber attack

Lockheed Martin says it repelled cyber attack

Lockheed Martin, one of the world's largest defence contractors, was on Sunday investigating the source of a major cyber-attack one week ago against its information network, the company said. "Lockheed Martin detected a significant and tenacious attack on
Published 30 May, 2011 12:00am
JUI-F chief tells leaders to stop supporting US

JUI-F chief tells leaders to stop supporting US

Jamiat Ulema-e-Islam-F (JUI-F) Chief Maulana Fazlur Rahman on Sunday said that politics of fear were being played throughout the world and that Pakistan, along with other Muslim countries was being made a target of the bloodshed.
Published 30 May, 2011 12:00am
JUI-F chief tells leaders to stop supporting US

JUI-F chief tells leaders to stop supporting US

Jamiat Ulema-e-Islam-F (JUI-F) Chief Maulana Fazlur Rahman on Sunday said that politics of fear were being played throughout the world and that Pakistan, along with other Muslim countries was being made a target of the bloodshed.
Published 30 May, 2011 12:00am
28.5 percent rise in futures open interest

28.5 percent rise in futures open interest

The open interest position increased by 28.5 percent during the week ended on May 27, 2011 to Rs 1.39 billion. The futures spreads, however, declined by 90bps to 0.29 percent, primarily due to the upbeat investor behaviour observed at the ready market cou
Published 30 May, 2011 12:00am
28.5 percent rise in futures open interest

28.5 percent rise in futures open interest

The open interest position increased by 28.5 percent during the week ended on May 27, 2011 to Rs 1.39 billion. The futures spreads, however, declined by 90bps to 0.29 percent, primarily due to the upbeat investor behaviour observed at the ready market cou
Published 30 May, 2011 12:00am
28.5 percent rise in futures open interest

28.5 percent rise in futures open interest

The open interest position increased by 28.5 percent during the week ended on May 27, 2011 to Rs 1.39 billion. The futures spreads, however, declined by 90bps to 0.29 percent, primarily due to the upbeat investor behaviour observed at the ready market cou
Published 30 May, 2011 12:00am
28.5 percent rise in futures open interest

28.5 percent rise in futures open interest

The open interest position increased by 28.5 percent during the week ended on May 27, 2011 to Rs 1.39 billion. The futures spreads, however, declined by 90bps to 0.29 percent, primarily due to the upbeat investor behaviour observed at the ready market cou
Published 30 May, 2011 12:00am
Bullish trend on share market

Bullish trend on share market

Bullish trend was witnessed at Karachi share market during the week on May 28, 2011 on expectations of some tax incentives for capital market in the coming budget for 2011-12, to be announced on June 3, 2011. The market witnessed positive trend throughout
Published 30 May, 2011 12:00am
Bullish trend on share market

Bullish trend on share market

Bullish trend was witnessed at Karachi share market during the week on May 28, 2011 on expectations of some tax incentives for capital market in the coming budget for 2011-12, to be announced on June 3, 2011. The market witnessed positive trend throughout
Published 30 May, 2011 12:00am
Bullish trend on share market

Bullish trend on share market

Bullish trend was witnessed at Karachi share market during the week on May 28, 2011 on expectations of some tax incentives for capital market in the coming budget for 2011-12, to be announced on June 3, 2011. The market witnessed positive trend throughout
Published 30 May, 2011 12:00am
Defence secretary arrives in India

Defence secretary arrives in India

Pakistan's Defence Secretary Syed Athar Ali arrived in New Delhi on Sunday to hold talks with Indian Defence Secretary. The 12th round of talks between Pakistan and India would begin in New Delhi on Monday. Pakistan wants to resolve all outstanding issues
Published 30 May, 2011 12:00am
Defence secretary arrives in India

Defence secretary arrives in India

Pakistan's Defence Secretary Syed Athar Ali arrived in New Delhi on Sunday to hold talks with Indian Defence Secretary. The 12th round of talks between Pakistan and India would begin in New Delhi on Monday. Pakistan wants to resolve all outstanding issues
Published 30 May, 2011 12:00am
Government-proposed Rs 3.8 trillionn outlay rejected by IMF

Government-proposed Rs 3.8 trillionn outlay rejected by IMF

The consolidated outlays of federal and provincial budgets have reportedly been revised downward to Rs 3.751 trillion from Rs 3.8 trillion originally proposed by the government of Pakistan and rejected by the International Monetary Fund (IMF).
Published 30 May, 2011 12:00am
Government-proposed Rs 3.8 trillionn outlay rejected by IMF

Government-proposed Rs 3.8 trillionn outlay rejected by IMF

The consolidated outlays of federal and provincial budgets have reportedly been revised downward to Rs 3.751 trillion from Rs 3.8 trillion originally proposed by the government of Pakistan and rejected by the International Monetary Fund (IMF).
Published 30 May, 2011 12:00am
Government-proposed Rs 3.8 trillionn outlay rejected by IMF

Government-proposed Rs 3.8 trillionn outlay rejected by IMF

The consolidated outlays of federal and provincial budgets have reportedly been revised downward to Rs 3.751 trillion from Rs 3.8 trillion originally proposed by the government of Pakistan and rejected by the International Monetary Fund (IMF).
Published 30 May, 2011 12:00am
WEBOC launched by FBR at PQA proves failure

WEBOC launched by FBR at PQA proves failure

The newly launched Web Based One Customs (WEBOC) of Federal Board of Revenue (FBR), introduced at Port Qasim, remains a failure as the authorities have not issued IDs and passwords to it users. According to details available here, the system was launched
Published 30 May, 2011 12:00am
WEBOC launched by FBR at PQA proves failure

WEBOC launched by FBR at PQA proves failure

The newly launched Web Based One Customs (WEBOC) of Federal Board of Revenue (FBR), introduced at Port Qasim, remains a failure as the authorities have not issued IDs and passwords to it users. According to details available here, the system was launched
Published 30 May, 2011 12:00am
WEBOC launched by FBR at PQA proves failure

WEBOC launched by FBR at PQA proves failure

The newly launched Web Based One Customs (WEBOC) of Federal Board of Revenue (FBR), introduced at Port Qasim, remains a failure as the authorities have not issued IDs and passwords to it users. According to details available here, the system was launched
Published 30 May, 2011 12:00am
International wheat buyers drop rates

International wheat buyers drop rates

While the lifting of Pakistani wheat progressed smoothly in bulk ships and containers, exporters, being naive in this trade, indulged in price war, resulting in prices going down considerably in international market, according to leading wheat exporters h
Published 30 May, 2011 12:00am
International wheat buyers drop rates

International wheat buyers drop rates

While the lifting of Pakistani wheat progressed smoothly in bulk ships and containers, exporters, being naive in this trade, indulged in price war, resulting in prices going down considerably in international market, according to leading wheat exporters h
Published 30 May, 2011 12:00am
International wheat buyers drop rates

International wheat buyers drop rates

While the lifting of Pakistani wheat progressed smoothly in bulk ships and containers, exporters, being naive in this trade, indulged in price war, resulting in prices going down considerably in international market, according to leading wheat exporters h
Published 30 May, 2011 12:00am
Cut in WHT on cash from banks likely

Cut in WHT on cash from banks likely

The Federal Board of Revenue (FBR) is planning to reduce withholding tax on cash withdrawal from banks from 0.3 percent to 0.2 percent in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
Cut in WHT on cash from banks likely

Cut in WHT on cash from banks likely

The Federal Board of Revenue (FBR) is planning to reduce withholding tax on cash withdrawal from banks from 0.3 percent to 0.2 percent in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
Cut in WHT on cash from banks likely

Cut in WHT on cash from banks likely

The Federal Board of Revenue (FBR) is planning to reduce withholding tax on cash withdrawal from banks from 0.3 percent to 0.2 percent in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
FED recovery period to be enhanced

FED recovery period to be enhanced

The government has decided to enhance the time period of recovery of federal excise duty (FED) from three years to past five years through a major amendment in section 14 of the Federal Excise Act 2005 in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
FED recovery period to be enhanced

FED recovery period to be enhanced

The government has decided to enhance the time period of recovery of federal excise duty (FED) from three years to past five years through a major amendment in section 14 of the Federal Excise Act 2005 in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
FED recovery period to be enhanced

FED recovery period to be enhanced

The government has decided to enhance the time period of recovery of federal excise duty (FED) from three years to past five years through a major amendment in section 14 of the Federal Excise Act 2005 in the coming budget for 2011-12.
Published 30 May, 2011 12:00am
SRO 586(I)/91

SRO 586(I)/91

The Federal Board of Revenue (FBR) is likely to abolish, in the budget for 2011-12, redundant income tax and withholding tax exemptions, granted to some sectors under SRO 586(I)/91, which are contradictory to the provisions of the Income Tax Ordinance 200
Published 30 May, 2011 12:00am
SRO 586(I)/91

SRO 586(I)/91

The Federal Board of Revenue (FBR) is likely to abolish, in the budget for 2011-12, redundant income tax and withholding tax exemptions, granted to some sectors under SRO 586(I)/91, which are contradictory to the provisions of the Income Tax Ordinance 200
Published 30 May, 2011 12:00am
SRO 586(I)/91

SRO 586(I)/91

The Federal Board of Revenue (FBR) is likely to abolish, in the budget for 2011-12, redundant income tax and withholding tax exemptions, granted to some sectors under SRO 586(I)/91, which are contradictory to the provisions of the Income Tax Ordinance 200
Published 30 May, 2011 12:00am
SRO 586(I)/91

SRO 586(I)/91

The Federal Board of Revenue (FBR) is likely to abolish, in the budget for 2011-12, redundant income tax and withholding tax exemptions, granted to some sectors under SRO 586(I)/91, which are contradictory to the provisions of the Income Tax Ordinance 200
Published 30 May, 2011 12:00am
JIT formed to investigate Mehran airbase attack

JIT formed to investigate Mehran airbase attack

The Sindh government has formed a Joint Interrogation Team (JIT) on the directives of the Federal Government to investigate the attack on Pakistan Navy Airbase at Sharae-Faisal by terrorists here on May 22. "An eight-member team has been formed comprising
Published 30 May, 2011 12:00am
JIT formed to investigate Mehran airbase attack

JIT formed to investigate Mehran airbase attack

The Sindh government has formed a Joint Interrogation Team (JIT) on the directives of the Federal Government to investigate the attack on Pakistan Navy Airbase at Sharae-Faisal by terrorists here on May 22. "An eight-member team has been formed comprising
Published 30 May, 2011 12:00am
US urged to help overcome energy crisis

US urged to help overcome energy crisis

Prime Minister Yousuf Raza Gilani said on Sunday that the government has sought US assistance to overcome load shedding in the country for providing immediate relief to the masses. During a meeting with journalists at his residence here, he said that the
Published 30 May, 2011 12:00am
US urged to help overcome energy crisis

US urged to help overcome energy crisis

Prime Minister Yousuf Raza Gilani said on Sunday that the government has sought US assistance to overcome load shedding in the country for providing immediate relief to the masses. During a meeting with journalists at his residence here, he said that the
Published 30 May, 2011 12:00am
US urged to help overcome energy crisis

US urged to help overcome energy crisis

Prime Minister Yousuf Raza Gilani said on Sunday that the government has sought US assistance to overcome load shedding in the country for providing immediate relief to the masses. During a meeting with journalists at his residence here, he said that the
Published 30 May, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the money market during the week ended on May 28, 2011, on easy availability of dollars. On the interbank market, the rupee gained 55 paisa versus dollar for buying and selling at 85.80 and 85.85.
Published 30 May, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the money market during the week ended on May 28, 2011, on easy availability of dollars. On the interbank market, the rupee gained 55 paisa versus dollar for buying and selling at 85.80 and 85.85.
Published 30 May, 2011 12:00am
'Al Qaeda' gunmen seize southern city: Yemen official

'Al Qaeda' gunmen seize southern city: Yemen official

More than 200 suspected al Qaeda gunmen have taken control of the south Yemen city of Zinjibar after fighting with security forces that left 16 people dead, officials and witnesses said Sunday. The witnesses said that most residents had fled Zinjibar, the
Published 30 May, 2011 12:00am
'Al Qaeda' gunmen seize southern city: Yemen official

'Al Qaeda' gunmen seize southern city: Yemen official

More than 200 suspected al Qaeda gunmen have taken control of the south Yemen city of Zinjibar after fighting with security forces that left 16 people dead, officials and witnesses said Sunday. The witnesses said that most residents had fled Zinjibar, the
Published 30 May, 2011 12:00am
Nato air strikes kill 52 civilians: Karzai issues 'last warning' to US

Nato air strikes kill 52 civilians: Karzai issues 'last warning' to US

Afghan authorities said on Sunday Nato had killed 52 people, mostly civilians, in air strikes against insurgents as violence picked up in recent weeks with the start of the fighting season. The killing stirred a strong reaction from Afghan President Hamid
Published 30 May, 2011 12:00am
Nato air strikes kill 52 civilians: Karzai issues 'last warning' to US

Nato air strikes kill 52 civilians: Karzai issues 'last warning' to US

Afghan authorities said on Sunday Nato had killed 52 people, mostly civilians, in air strikes against insurgents as violence picked up in recent weeks with the start of the fighting season. The killing stirred a strong reaction from Afghan President Hamid
Published 30 May, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (May 29, 2011) and the forecast for Monday (May 30, 2011).

Published 30 May, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 23 - 28, 2011)

Published 30 May, 2011 12:00am
Withdrawal of sales tax exemption

Withdrawal of sales tax exemption

It is with a feeling of doom that I learned that the Finance Minister has withdrawn the exemption on sales tax available to industrial importers of capital machinery and goods through SRO 575(I) 2006. He did this on May 22nd to harmonise with an earlier S
Published 30 May, 2011 12:00am
Malaysia's new rare earth plant provokes radiation fears

Malaysia's new rare earth plant provokes radiation fears

In the quiet town of Gebeng in Malaysia's central state of Pahang, a new rare earth plant has evoked fears of radiation contamination as residents desperately seek to stop the construction of the world's largest such refinery. The plant is expected to mee
Published 30 May, 2011 12:00am
Iraqi tribal disputes pose new challenge to oil firms

Iraqi tribal disputes pose new challenge to oil firms

Sitting in his reed meeting house in what was once Iraq's marshes, Sheikh Rashash al-Imara warns of potential trouble if his poor tribesmen are driven off their land by foreign companies digging for oil.
Published 30 May, 2011 12:00am
The week before the budget

The week before the budget

The Pakistani economic team returned from the trip to Dubai (May 11-17) with its collective tail between its collective legs as almost a week long discussions held with International Monetary Fund (IMF) staff ended unsatisfactorily from the perspective of
Published 30 May, 2011 12:00am
LNG import: a quick fix solution

LNG import: a quick fix solution

Sui Southern Gas Company has invited EoIs for Liquefied Natural Gas (LNG) import under a 'third party access regime'. The bidding companies are expected to develop their own LNG Floating Storage Re-gasification Units (FSRUs), arrange their own supply of L
Published 30 May, 2011 12:00am
Working groups formed to identify issues of journalists

Working groups formed to identify issues of journalists

Three working groups were formed at a seminar to formulate and identify the issues in respect of protecting journalists (covering disasters) and their rights (salary, wage board award, professional training).
Published 30 May, 2011 12:00am
SU notification

SU notification

Director Admissions, University of Sindh has notified that the authorities of the varsity have adopted a procedure for refund of tour fees deposited by the students of Bachelors/Masters, BS Part-IV Honours (Final), Pass (final) and 5th Professional Pharm-
Published 30 May, 2011 12:00am