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Print - 2011-06-01
Dismay in Pakistan over Afridi shocked quit

Dismay in Pakistan over Afridi shocked quit

Pakistani greats expressed dismay Tuesday at Shahid Afridi's shock decision to quit international cricket, as officials said the "doors are open" for the influential all-rounder's return. Former captain Rashid Latif urged the government to resolve the pro
Published 01 Jun, 2011 12:00am
Afridi's resignation accepted

Afridi's resignation accepted

The Pakistan Cricket Board chairman says he accepts Shahid Afridi's decision to quit international cricket and has given the World Cup captain a week to respond to a code of conduct charge. Ijaz Butt insisted Afridi, known as one of cricket's most destruc
Published 01 Jun, 2011 12:00am
PCB suspends Shahid Afridi's contract

PCB suspends Shahid Afridi's contract

The Pakistan Cricket Board on Tuesday suspended the central contract of former One-day captain Shahid Afridi, who had announced his retirement from international cricket, a board statement said. At the same time it revoked all no-objection certificates (N
Published 01 Jun, 2011 12:00am
Koellerer banned for life for corruption

Koellerer banned for life for corruption

Austrian tennis player Daniel Koellerer was on Tuesday banned from the sport for life and fined $100,000 after being found guilty of corruption, the Tennis Integrity Unit announced. The 27-year-old, former world 55, who is now 385 in the rankings, was fou
Published 01 Jun, 2011 12:00am
Pakistan finish with Ireland flourish

Pakistan finish with Ireland flourish

Pakistan completed a 2-0 One-day international series win over Ireland in Belfast with victory by five wickets at Stormont here on Monday that rounded off eight months on the road. Pakistan, set a target of 239, won with eight balls to spare thanks mainly
Published 01 Jun, 2011 12:00am
Don't boycott FIFA, bin Hammam tells Asia

Don't boycott FIFA, bin Hammam tells Asia

Embattled Asian football chief Mohamed bin Hammam urged delegates not to boycott FIFA's congress here Tuesday after several officials refused to attend the event. Asian Football Confederation (AFC) president bin Hammam, who is barred from attending the me
Published 01 Jun, 2011 12:00am
Blatter opens Congress, warns of dangers to FIFA

Blatter opens Congress, warns of dangers to FIFA

Beleaguered president Sepp Blatter formally opened the 61st FIFA Congress on Tuesday warning of the dangers world soccer's governing body is facing. Blatter, welcoming FIFA's 208 delegates at the opening ceremony which featured jugglers, folk dancers and
Published 01 Jun, 2011 12:00am
Pro-Western Georgia to get rid of Soviet symbols

Pro-Western Georgia to get rid of Soviet symbols

Georgia will destroy Soviet-era monuments and change any street names which refer to its Communist past, lawmakers decided on Tuesday, passing a new law aimed at distancing the country from its former master Russia. Ties between Russia and Georgia have so
Published 01 Jun, 2011 12:00am
Former media baron Black's appeal rejected

Former media baron Black's appeal rejected

The US Supreme Court on Tuesday cleared the way for re-sentencing former media baron Conrad Black next month in Chicago for fraud and obstruction of justice after rejecting his appeal. A US appeals court in October upheld Black's 2007 conviction on one fr
Published 01 Jun, 2011 12:00am
Assad grants amnesty, five killed in crackdown

Assad grants amnesty, five killed in crackdown

Syrian President Bashar al-Assad issued a general amnesty on Tuesday, state television said, after ten weeks of protests against his 11-year rule and a military crackdown which has drawn international condemnation. The amnesty covers "all members of polit
Published 01 Jun, 2011 12:00am
Yemen truce ends in blasts, stokes civil war worries

Yemen truce ends in blasts, stokes civil war worries

Street fighting raged in Yemen's capital on Tuesday after a tenuous cease-fire between tribal groups and forces loyal to President Ali Abdullah Saleh broke down, edging the impoverished Arab state closer to civil war. Global powers have been pressing Sale
Published 01 Jun, 2011 12:00am
Qadhafi emphatic he will stay: Zuma

Qadhafi emphatic he will stay: Zuma

Muammar Qadhafi is emphatic he will not leave Libya, South African President Jacob Zuma said on Tuesday after talks with the Libyan leader that left prospects for a negotiated end to the conflict looking dim. But new questions emerged over how long Qadhaf
Published 01 Jun, 2011 12:00am
Israel firm denies Iran trade, cites US 'mistake'

Israel firm denies Iran trade, cites US 'mistake'

An Israeli firm accused of trading with Iran in violation of sanctions denied the allegations on Tuesday and said they were a "mistake" by the US State Department, Israeli media reported. Online news site Ynet published a letter it said was from the Ofer
Published 01 Jun, 2011 12:00am
US to view major cyber attacks 'as acts of war'

US to view major cyber attacks 'as acts of war'

The Pentagon has adopted a new strategy that will classify major cyber attacks as acts of war, paving the way for possible military retaliation, the Wall Street Journal reported Tuesday. The newspaper said the Pentagon plans to unveil its first-ever strat
Published 01 Jun, 2011 12:00am
Titanic launch 100 years ago marked in Belfast

Titanic launch 100 years ago marked in Belfast

Descendants of the men who built the Titanic marked the 100th anniversary Tuesday of its launch in Belfast in a moving ceremony aimed at restoring the city's maritime pride after years of shame. A single flare was fired above the Harland and Wolff shipyar
Published 01 Jun, 2011 12:00am
Palestinians to march on Israel's borders on Sunday: Fatah

Palestinians to march on Israel's borders on Sunday: Fatah

Palestinians will march on Israel's borders from neighbouring Arab states on Sunday to mark the 1967 Six Day War, a top Fatah commander said, calling on the United Nations to protect the protesters. "We, who hope to return to our lands in Palestine, are p
Published 01 Jun, 2011 12:00am
Court raps Russia on tycoon, rejects politics claims

Court raps Russia on tycoon, rejects politics claims

A European court on Tuesday censured Russia over the imprisonment of Mikhail Khodorkovsky but refused to back claims the arrest was politically motivated, as its former richest man requested parole. The supporters of Khodorkovsky, who turned Yukos into Ru
Published 01 Jun, 2011 12:00am
Mubarak unfit to be moved to prison

Mubarak unfit to be moved to prison

Ailing former Egyptian president Hosni Mubarak is not well enough to be moved to prison from his hospital in the Red Sea resort of Sharm el-Sheikh, the country's public prosecutor said on Tuesday. "After having examined (Mubarak's) medical file and evalua
Published 01 Jun, 2011 12:00am
Serbia sends Mladic to The Hague

Serbia sends Mladic to The Hague

Serbia on Tuesday sent Bosnian Serb ex-army chief Ratko Mladic to a court in The Hague where he faces genocide and war crimes charges, after rejecting an appeal that he was too ill to stand trial. "Ratko Mladic has been extradited to The Hague," Justice M
Published 01 Jun, 2011 12:00am
Sri Lanka claims UN probe on execution video biased

Sri Lanka claims UN probe on execution video biased

Sri Lanka sought Tuesday to discredit the findings of a UN expert who concluded that a video allegedly depicting Sri Lanka troops executing Tamil Tigers was authentic. "It is respectfully submitted that the process adopted in regard to the publication of
Published 01 Jun, 2011 12:00am
Watchdog probes EADS: Saudi defence deal

Watchdog probes EADS: Saudi defence deal

Britain's Serious Fraud Office is investigating allegations that European defence group EADS bribed Saudi Arabian officials to win a $3.3 billion communications contract. The probe centres on a contract awarded to GPT Special Project Management, owned by
Published 01 Jun, 2011 12:00am
Danish economy falls into recession

Danish economy falls into recession

Denmark fell into recession in the first quarter as a sharp fall in household consumption blamed on the government's belt-tightening policies took analysts by surprise. Statistics Denmark said the economy contracted 0.5 percent in the first quarter compar
Published 01 Jun, 2011 12:00am
Eurozone inflation slows, ECB rate rise still seen

Eurozone inflation slows, ECB rate rise still seen

Eurozone inflation slowed in May largely thanks to lower oil prices, but the dip is likely to be temporary and will not stop the European Central Bank from raising interest rates in July. European Union statistics office Eurostat estimated that inflation
Published 01 Jun, 2011 12:00am
Belarus freezes food prices after devaluation

Belarus freezes food prices after devaluation

Belarus on Tuesday froze prices on a number of foodstuffs as analysts warned the former Soviet republic could descend into economic chaos and an IMF mission headed to Minsk to assess the situation. A government decree said prices for fish, tea, coffee, ce
Published 01 Jun, 2011 12:00am
Bangladesh growth 'best in decades'

Bangladesh growth 'best in decades'

Bangladesh's economy has grown at its highest rate in decades, driven by resurgent exports and a strong performance by the usually sluggish farm sector, officials said Tuesday. The economy expanded by 6.66 percent in the 12 months to June, the fastest pac
Published 01 Jun, 2011 12:00am
Nokia drops targets, shares slump to 13-year low

Nokia drops targets, shares slump to 13-year low

Mobile phone maker Nokia Oyj abandoned hope of meeting key targets just weeks after setting them, raising questions over whether its new boss can deliver on the turnaround he promised in February. Its shares tumbled nearly 20 percent to their lowest in so
Published 01 Jun, 2011 12:00am
BoJ offers more loans for growth sector

BoJ offers more loans for growth sector

The Bank of Japan's loan scheme targeting growth industries drew solid demand on Tuesday, pushing its cumulative lending to just 60 billion yen ($740 million) from a 3 trillion yen cap and paving the way for debate within the board about expanding it.
Published 01 Jun, 2011 12:00am
Japan's recovery takes hold

Japan's recovery takes hold

Japan's economy offered more signs of recovery from the deadly March earthquake on Tuesday, but Moody's ratings agency warned both growth and government action may fall short of what is necessary to bring Tokyo's ballooning debt back under control. Indust
Published 01 Jun, 2011 12:00am
India's economy grows slowest in five quarters

India's economy grows slowest in five quarters

India's economy grew at its slowest annual pace in five quarters in January to March as rising interest rates crimped consumption and investment, suggesting the central bank could temper the pace of further tightening to tackle stubbornly high inflation.
Published 01 Jun, 2011 12:00am
Obama nominates new commerce secretary

Obama nominates new commerce secretary

President Barack Obama Tuesday picked businessman John Bryson to serve as commerce secretary, seeking to further soothe testy ties with the private sector and spark export-led jobs growth. Obama said in a statement ahead of an on-camera announcement, that
Published 01 Jun, 2011 12:00am
Data clouds US recovery's prospects

Data clouds US recovery's prospects

Data showing a double-dip in home prices, pessimistic consumers and a slowdown in regional manufacturing raised concerns on Tuesday that the US economy's soft patch could become protracted. "The question is, 'Is the softer data we're seeing transitory, or
Published 01 Jun, 2011 12:00am
New York cotton ends up daily limit on Texas drought

New York cotton ends up daily limit on Texas drought

US cotton futures finished at a four-week high Tuesday on investor buying as a historic drought did not let up in the key growing state of Texas during the long holiday weekend, brokers said. The cotton market was closed Monday for US Memorial Day. Foreca
Published 01 Jun, 2011 12:00am
European trades blame over deadly E.coli in Germany

European trades blame over deadly E.coli in Germany

European governments traded accusations of blame on Tuesday as they scrambled to find the source of an E. coli outbreak that has killed 16 people and made more than 1,000 ill in Germany, Sweden and other countries. The killer bacteria was first linked to
Published 01 Jun, 2011 12:00am
Shanghai copper higher

Shanghai copper higher

The most-active August copper contract on the Shanghai Futures Exchange closed 0.6 percent higher at 68,570 yuan per tonne on Tuesday. "ShFE base metals haven't moved much today, but I feel that they are pausing for breath before heading into lower range
Published 01 Jun, 2011 12:00am
Copper hits four-week high

Copper hits four-week high

Copper rallied to a four-week high on Tuesday, supported by a firmer euro after expectations mounted that a second aid package for Greece would get the go-ahead and after a series of poor US data. Benchmark copper on the London Metal Exchange closed at $9
Published 01 Jun, 2011 12:00am
Oil lifted by shut Canada-US pipeline

Oil lifted by shut Canada-US pipeline

Oil prices rose on Tuesday, lifted by the closure of a pipeline carrying Canadian crude to the United States and a decline in the dollar on new hopes for a debt bailout for Greece. TransCanada Corp shut its 591,000 barrel per day (bpd) Keystone crude oil
Published 01 Jun, 2011 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures edged higher on Tuesday on the back of firmer oil prices, but the upside was still capped by profit-taking as players remained cautious about recent rises, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange fo
Published 01 Jun, 2011 12:00am
Malaysian palm oil eases

Malaysian palm oil eases

Malaysian palm oil futures eased on Tuesday as some traders booked profits after a cargo surveyor confirmed a strong export trend, with the market scoring its best monthly performance this year. Palm oil has fallen 10.4 percent so far in 2011, dropping f
Published 01 Jun, 2011 12:00am
Liffe sugar ends higher

Liffe sugar ends higher

Liffe August white sugar closes $13.70 higher at $672.00 a tonne on Tuesday. Market supported by tight nearby supplies, stronger crude oil prices and a weaker dollar. Liffe September cocoa ended 25 pounds higher at 1,861 pounds a tonne. Rise seen as large
Published 01 Jun, 2011 12:00am
Gold near four-week high in Asia

Gold near four-week high in Asia

Gold held near its highest in almost four weeks in volatile trade on Tuesday as lingering fears about a Greek debt default overshadowed a rebound in the euro, while silver was heading for its biggest monthly decline since 2008. A Wall Street Journal repor
Published 01 Jun, 2011 12:00am
Gold holds near four-week high in European trade

Gold holds near four-week high in European trade

Gold steadied around its highest in nearly four weeks on Tuesday, but surrendered earlier gains after a report that Germany could smooth the way for Greece to get a bailout, which prompted investors to seek riskier assets. The Wall Street Journal reported
Published 01 Jun, 2011 12:00am
US MIDDAY: sugar, coffee and cocoa up

US MIDDAY: sugar, coffee and cocoa up

Raw sugar, arabica coffee and US cocoa futures settled firm early on Tuesday, with a lift from the strong commodity complex and weak US dollar on the last trading day of May. The key July raw sugar contract moved up 0.19 cent to close at 23.18 cents a lb.
Published 01 Jun, 2011 12:00am
US MIDDAY: wheat tumbles five percent

US MIDDAY: wheat tumbles five percent

US winter wheat futures fell more than 5 percent early on Tuesday for the biggest drop in three months as Russia geared up to return to the world wheat export market from July after an absence of nearly a year. Rains in western Europe brought relief to pa
Published 01 Jun, 2011 12:00am
US MIDDAY: copper soars

US MIDDAY: copper soars

Copper rose to a four-week high early on Tuesday, swept up in a wider commodity rally as the dollar fell against the euro and investors increased exposure in the asset class as a hedge against rising inflation. In New York, prices failed to match the earl
Published 01 Jun, 2011 12:00am
US MIDDAY: gold slips off four-week high

US MIDDAY: gold slips off four-week high

Gold dipped slightly in quiet trade after touching its highest in nearly four weeks on Tuesday, as a report that Germany could smooth the way for Greece to get a bailout prompted investment in riskier assets. The Wall Street Journal said Germany was consi
Published 01 Jun, 2011 12:00am
'IPI gas pipeline only 80km from Pakistan border'

'IPI gas pipeline only 80km from Pakistan border'

Gas pipeline under IPI project has reached 80 km from Pakistan border, said governor of largest province of Iran, Khorasan Razavi, Dr Mahmoud Salahi Tuesday. "Iran has laid gas pipeline, under Iran Pakistan and India (IPI) Project, up to Booshay city of I
Published 01 Jun, 2011 12:00am
Iranian delegation visits PU

Iranian delegation visits PU

A delegation of Iranian Province Khorasan Razvi, led by Governor Dr Mahmoud Salahi, visited the Punjab University and met Vice-Chancellor Professor Dr Mujahid Kamran and senior faculty members in the Al-Raazi Hall of Center for Undergraduate Studies. Iran
Published 01 Jun, 2011 12:00am
S&T sector allocation being increased in next budget: minister

S&T sector allocation being increased in next budget: minister

Federal Minister for Science and Technology Chengez Khan Jamali has said that allocation for science and technology sector is being increased in the upcoming budget to help the country join the club of technologically advanced nations. He stated this at t
Published 01 Jun, 2011 12:00am
PFD issued Rs 38.9 million for TMAs

PFD issued Rs 38.9 million for TMAs

Punjab Finance Department (PFD) has issued supplementary grant of Rs 38.9 million for TMAs of the district. According to official sources here on Tuesday, the grant has issued to TMAs under the PFC award.
Published 01 Jun, 2011 12:00am
Pakistan and Iran to cooperate for joint research on diseases

Pakistan and Iran to cooperate for joint research on diseases

Deputy vice-chancellor, University of Health Sciences, Khorasan Iran, Dr Khaliq Ressini, who is currently visiting Lahore, met the Principal Allama Iqbal Medical College (AIMC) here on Tuesday and discussed areas of co-operation for joint research in diff
Published 01 Jun, 2011 12:00am
UN peacekeeping mission 250 troops arrive from Congo

UN peacekeeping mission 250 troops arrive from Congo

A batch of 250 Pakistani troops arrived here after performing peacekeeping duties under the aegis of United Nations Mission in Congo. Brigadier Muhammad Zahid received them at the Allama Iqbal International Airport. The arriving troops are being replaced
Published 01 Jun, 2011 12:00am
Businessmen won't accept wealth tax: MCCI chief

Businessmen won't accept wealth tax: MCCI chief

Multan Chamber of Commerce and Industry (MCCI) has said that business community will not accept wealth tax. "Government should shelve plans to impose this tax that is unjustified under current circumstances," President of MCCI Shahid Naseem Khokhar said o
Published 01 Jun, 2011 12:00am
Punjab and Iran to enhance bilateral cooperation

Punjab and Iran to enhance bilateral cooperation

Government of Punjab and Iranian province of Khorasan-e-Razavi have agreed to enhance bilateral co-operation in the sectors of agriculture, livestock, mines, energy, transportation and construction. In this regard, Punjab Board of Investment and Trade (PB
Published 01 Jun, 2011 12:00am
Liberty Park, Ride Plaza: petition challenging construction adjourned

Liberty Park, Ride Plaza: petition challenging construction adjourned

The Lahore High Court (LHC) here on Tuesday adjourned the hearing of a petition challenging construction of Liberty Park and Ride Plaza as counsel of the Lahore Development Authority (LDA) sought time for filing reply. Accepting adjourned the proceedings
Published 01 Jun, 2011 12:00am
Mushroom growth of higher learning 'institutions'

Mushroom growth of higher learning 'institutions'

Aside from the debate on devolution of Higher Education Commission, the community would aspire to the revamping of universities and other degree-awarding institutions:
Published 01 Jun, 2011 12:00am
Durian harvest smells like money

Durian harvest smells like money

Work can be a smelly business at the Noen Soong central fruit market, 250 kilometres south-east of Bangkok, but the labourers might tell you it's just the whiff of money. The place is buzzing with workers wearing heavy gloves tossing football-sized spiky
Published 01 Jun, 2011 12:00am
A perspective on CGT

A perspective on CGT

With effect from July 1, 2010, the Pakistani authorities withdrew the capital gains tax exemption by introducing 10% capital gains tax on a holding period of less than 6 months and 7.5% on a holding period 6 to 12 months on the capital gains made on share
Published 01 Jun, 2011 12:00am
SRO 283(1)2011 - a critical review

SRO 283(1)2011 - a critical review

The Federal Board of Revenue issued SRO 283/(1) 2011 on April 1, 2011 to amend the sales tax zero rating scheme for five export sectors namely textiles, carpets, leather, surgical and sports goods.
Published 01 Jun, 2011 12:00am
Loss of tax collection

Loss of tax collection

The Directorate General Intelligence and Investigation of the Federal Board of Revenue (FBR) has unearthed revenue loss of over 9.5 billion rupees (not 90 billion rupees as erroneously carried by this newspaper in the headline of a news item yesterday) on
Published 01 Jun, 2011 12:00am
Military operation in North Waziristan

Military operation in North Waziristan

That the Pakistan government has yet to concede that in compliance with the American demand it has agreed to launch a military operation in North Waziristan, is beyond one's comprehension.
Published 01 Jun, 2011 12:00am
ACCA organises Annual Network Meeting

ACCA organises Annual Network Meeting

ACCA Pakistan organised Annual Network Meeting on Monday, 26 May 2011 at a local hotel. The aim of the meeting was to appraise the members of the activities of the Members Network Panel and the sub-committees formed by the panel for the year ending 31 Dec
Published 01 Jun, 2011 12:00am
JS Investments announces maturity of JS CPF IV

JS Investments announces maturity of JS CPF IV

JS Investments has announced the maturity of JS Capital Protected Fund IV (JS CPF IV), after successfully completing its tenure of 3 years and 6 weeks on 30th May 2011. JS CPF IV, which was launched in 2008, has successfully achieved its objective of prov
Published 01 Jun, 2011 12:00am
JS Investments announces maturity of JS CPF IV

JS Investments announces maturity of JS CPF IV

JS Investments has announced the maturity of JS Capital Protected Fund IV (JS CPF IV), after successfully completing its tenure of 3 years and 6 weeks on 30th May 2011. JS CPF IV, which was launched in 2008, has successfully achieved its objective of prov
Published 01 Jun, 2011 12:00am
Smeda signs two business plan contracts

Smeda signs two business plan contracts

Ikhtiar Ahmed Khoso, Regional Business Co-ordinator Small & Medium Enterprise Develop-ment Authority (Smeda), Hyderabad said that they have signed two business plan contracts with Imdad Jamali on 'Rice Mill and Ice Factory'. He said that business plan is
Published 01 Jun, 2011 12:00am
Skin diseases spreading fast due to unhygienic conditions

Skin diseases spreading fast due to unhygienic conditions

Skin diseases including infections and allergies are the most common problems that people face in rural and low income areas and katchi abadis that surround outskirts of the city. The specialists and doctors believed that most of the skin problems emerged
Published 01 Jun, 2011 12:00am
Government urged to set up industrial zones

Government urged to set up industrial zones

Karachi Chamber of Commerce and Industry (KCCI) President Mohammad Saeed Shafiq has urged the government to set up industrial zones for manufacturing and cottage industries to encourage new businesses. In a communication to the government, Shafiq said tha
Published 01 Jun, 2011 12:00am
Power fluctuations damaging home appliances

Power fluctuations damaging home appliances

Massive power fluctuations have started damaging electric appliances in the metropolis, causing great inconvenience to masses, Business Recorder has learnt. Citizens are suffering huge losses due to electricity loadshedding and fluctuations and the
Published 01 Jun, 2011 12:00am
Section 144 imposed in IHK

Section 144 imposed in IHK

Indian authorities have imposed section 144 in Indian Held Kashmir, banning the assembly of five or more persons. According to Kashmir Media Service, the move of imposing frequent prohibitory orders under the provision drew flak from different quarters.
Published 01 Jun, 2011 12:00am
Qubee introduces 1.5 mbps packages

Qubee introduces 1.5 mbps packages

Qubee since its inception has been striving to provide innovative, unmatched broadband internet services in the country. The newly introduced 1.5mbps packages, Venture 18 and Venture Max that will cater the needs of the Inter-net savvy youth of the countr
Published 01 Jun, 2011 12:00am
Hyderabad city: 'foreigners apprised of investment opportunities'

Hyderabad city: 'foreigners apprised of investment opportunities'

Chairman of the Diplomatic Sub-Committee of Hyderabad Chamber of Commerce & Industry (HCCI), Saleem A. Shaikh, addressing a meeting of sub-committee on Tuesday, said that President HCCI, Goharullah is working hard for the development of industry and busin
Published 01 Jun, 2011 12:00am
Eunuchs in Sindh to get right of inheritance

Eunuchs in Sindh to get right of inheritance

The eunuch in Sindh province would get right of inheritance very soon, sources in Social Welfare Department told Business Recorder here on Tuesday. Following the verdict of Supreme Court of Pakistan about the rights of eunuchs in the country, the d
Published 01 Jun, 2011 12:00am
Sindh set to relax ban on catch of shrimps in June

Sindh set to relax ban on catch of shrimps in June

The Sindh government is set to relax the annual ban on catch of shrimps in June this year, despite strong opposition by the seafood exporters, who believe the move would endanger the crustacean existence in the country's seawaters. Seafood exporters told
Published 01 Jun, 2011 12:00am
Saarc CCI delegation calls on President

Saarc CCI delegation calls on President

An eleven by member delegation led by Ali Malik, Vice President, Saarc CCI paid a courtesy call to Asif Ali Zardari, President of Islamic Republic of Pakistan to offer Fatiah and to extend deepest sorrows on the sad demise of his beloved father & veteran
Published 01 Jun, 2011 12:00am
Modern technology underlined for young generation

Modern technology underlined for young generation

Educationists at seminar have underscored the need of equipping young generation with modern technology and know-how to face growing challenges in future and called for provision of extra-co-curriculum activities to express youth their talent and aptitude
Published 01 Jun, 2011 12:00am
Documentation drive: Assessment orders against 7,200 issued

Documentation drive: Assessment orders against 7,200 issued

Directorate General, Directorate of Intelligence and Investigation, Inland Revenue has made a major breakthrough in documentation drive by issuing provisional assessment orders against over 7,200 undocumented persons, raising income tax demands to over Rs
Published 01 Jun, 2011 12:00am
'Pakistan not on track to attain MDGs due to food insecurity'

'Pakistan not on track to attain MDGs due to food insecurity'

"Pakistan is not on track in reaching the Millenium Development Goals (MDGs) as food insecurity is still a critical problem here", Dominique Frankefort, Deputy Country Director of World Food Program (WFP), said while addressing a conference on 'Agricultur
Published 01 Jun, 2011 12:00am
28 suspects arrested

28 suspects arrested

Islamabad Police arrested 28 persons including 22 suspects and recovered wine, drugs and illegal weapons from their possession, said Naeem Iqbal, spokesman of Islamabad Police here on Tuesday. Senior Superintendent of Police (SSP) Islamabad Tahir Alam Kha
Published 01 Jun, 2011 12:00am
Supreme Court focuses on legality of SBP Circular 29, 31

Supreme Court focuses on legality of SBP Circular 29, 31

The apex court on Tuesday focused on the legality and constitutionality of SBP Circular 29 and 31, which were issued to empower banks to write-off loans from 2002 to 2003, but the Circulars are still in vogue. A three-member bench comprising Chief Justice
Published 01 Jun, 2011 12:00am
BISP opts to work with PPAF for Waseela-e-Haq beneficiaries

BISP opts to work with PPAF for Waseela-e-Haq beneficiaries

Chairperson Benazir Income Support Programme (BISP), Farzana Raja, has said that to curb the poverty and uplift the living standard of the downtrodden segments of society, BISP has applied a multi-pronged strategy based on best international practices.
Published 01 Jun, 2011 12:00am
IMF mission to assess policy measures in July

IMF mission to assess policy measures in July

The economic situation and the policy stance taken by the government of Pakistan, including the 2011/12 budget, will be assessed in July by the International Monetary Fund (IMF) team prior to taking a decision on restoring the stalled $3.2 billion under S
Published 01 Jun, 2011 12:00am
Tetra Pak, UVAS to celebrate World Milk Day

Tetra Pak, UVAS to celebrate World Milk Day

Tetra Pak, the world's leading food processing and packaging solutions company, and the University of Veterinary & Animal Sciences (UVAS) have joined hands to observe 'World Milk Day 2011' falling on Wednesday, (today) in a befitting manner at the Ravi Ca
Published 01 Jun, 2011 12:00am
Zardari, UK official discuss trade relations

Zardari, UK official discuss trade relations

Andrew Mitchell, British Secretary of State for International Development, called on President Asif Ali Zardari and discussed Pak-UK bilateral relations, strategic dialogue, regional situation, trade access to EU markets for Pakistan's goods, collaboratio
Published 01 Jun, 2011 12:00am
Polio eradication: only 44 cases reported in five months

Polio eradication: only 44 cases reported in five months

Pakistan ranked first with 80 percent of the total polio cases in the world as only 44 cases were reported in last five months throughout the country, of which 18 were in Fata, 12 in Sindh, 11 in Balochistan and 3 in Khyber Pakhtunkhwa, against a total 20
Published 01 Jun, 2011 12:00am
Government urged to construct protection walls along banks of Swat River

Government urged to construct protection walls along banks of Swat River

Elders from floods affected district Charssada have asked the government for construction of protection walls near banks of Swat River to save hundreds of acres cultivatable lands in the area, saying that the erosion has been started from shabqadar, which
Published 01 Jun, 2011 12:00am
Rehabilitation projects completed in FR Tank

Rehabilitation projects completed in FR Tank

To ensure provision of clean drinking water to the community of Gula Jan Koruna, the Political Administration has constructed a drinking water supply system which would benefit more than 2,400 residents of the area.
Published 01 Jun, 2011 12:00am
Prime Minister for ensuring functioning of early flood warning system

Prime Minister for ensuring functioning of early flood warning system

Prime Minister Syed Yousuf Raza Gilani on Tuesday asked the new Secretary of the Ministry of Water and Power to ensure that the early warning system to monitor the floods is in place and becomes functional before the start of the next rainy season.
Published 01 Jun, 2011 12:00am
JUI-F leader Maulana Salimullah gunned down

JUI-F leader Maulana Salimullah gunned down

Former District Ameer of Karak and member of JUI-F Maulana Salimullah was gunned down by unidentified gunmen here on Tuesday, police said The assailants opened volley of bullets at JUI-F leader at Latambar, killing him on the spot while four other persons
Published 01 Jun, 2011 12:00am
Trader accuses police officials of being involved in minting money

Trader accuses police officials of being involved in minting money

A businessman accused some high ranked officials of Capital Police of being involved in minting money and siding with one of the two parties fighting for ownership of a company that would not only lead to closure of the company, but would also render hund
Published 01 Jun, 2011 12:00am
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