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Print - 2011-06-05
Hearing of different cases: CJP constitute two benches

Hearing of different cases: CJP constitute two benches

The Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted two benches of the Apex Court comprising six justices for hearing different cases during the week commencing from Monday. Bench-1 headed by the Chief Justice Iftikhar Muhammad Chaudh
Published 05 Jun, 2011 12:00am
Business community rejects budget

Business community rejects budget

With the coming up of SRO and details of the budget 2011-12 the business community which were earlier terming the budget as balance budget in present circumstances have changed their observations and rejected the budget in toto.
Published 05 Jun, 2011 12:00am
Devolution of health ministry opposed

Devolution of health ministry opposed

The pharmaceutical companies have opposed the devolution of the ministry of health to provinces as they are unsure who will regulate the highly profitable industry. "One of the biggest challenges that the pharmaceutical industry is currently facing is the
Published 05 Jun, 2011 12:00am
Acting LCCI president

Acting LCCI president

The Lahore Chamber of Commerce and Industry (LCCI) Senior Vice President Sheikh Muhammad Arshad will perform as Acting President of the Lahore Chamber from June 04 to 16 in the absence of the LCCI President Shahzd Ali Malik, who has left for 12-day visit
Published 05 Jun, 2011 12:00am
White crystalline sugar attracts eight percent tax

White crystalline sugar attracts eight percent tax

The white crystalline sugar will be taxable at the rate of 8 percent at import and manufacturing stage and all other types of sugar will be taxable at the rate of 16 percent at import and supply stage. Experts at Ernst & Young Ford Rhodes Sidat Hyder in i
Published 05 Jun, 2011 12:00am
Thousands attend Jamaat-i-Islami's anti-US sit-in

Thousands attend Jamaat-i-Islami's anti-US sit-in

Thousands of Jamaat-e-Islami activists staged a protest sit-in on at M. Jinnah Road, asking the US and its allied forces to leave the war-torn Afghanistan to end the decade-long occupation of the country. The two-day protest sit-in of Jamat-e-Islami again
Published 05 Jun, 2011 12:00am
Thousands attend Jamaat-i-Islami's anti-US sit-in

Thousands attend Jamaat-i-Islami's anti-US sit-in

Thousands of Jamaat-e-Islami activists staged a protest sit-in on at M. Jinnah Road, asking the US and its allied forces to leave the war-torn Afghanistan to end the decade-long occupation of the country. The two-day protest sit-in of Jamat-e-Islami again
Published 05 Jun, 2011 12:00am
Colombian army kills FARC guerrilla security chief

Colombian army kills FARC guerrilla security chief

Soldiers killed the security chief of the top commander of Colombia's FARC guerrillas in a gain for the government in its war on a decades-old leftist insurgency, authorities said on Saturday. Alirio Rojas, known as the "Grandfather," died in a clash with
Published 05 Jun, 2011 12:00am
Colombian army kills FARC guerrilla security chief

Colombian army kills FARC guerrilla security chief

Soldiers killed the security chief of the top commander of Colombia's FARC guerrillas in a gain for the government in its war on a decades-old leftist insurgency, authorities said on Saturday. Alirio Rojas, known as the "Grandfather," died in a clash with
Published 05 Jun, 2011 12:00am
Hard to show restraint against more militants attacks: India

Hard to show restraint against more militants attacks: India

India will feel pressured to retaliate if militants launched an attack similar to the Mumbai assaults that killed more than 160 people and fuelled anger across the country, a government minister said on Saturday. The Indian government's response was restr
Published 05 Jun, 2011 12:00am
Hard to show restraint against more militants attacks: India

Hard to show restraint against more militants attacks: India

India will feel pressured to retaliate if militants launched an attack similar to the Mumbai assaults that killed more than 160 people and fuelled anger across the country, a government minister said on Saturday. The Indian government's response was restr
Published 05 Jun, 2011 12:00am
PML-Q's three dissident Senators meet Nawaz

PML-Q's three dissident Senators meet Nawaz

In a bid to launch joint strategy in Senate against the government, three Pakistan Muslim League-Q three dissident Senators on Saturday held a meeting with Pakistan Muslim League-Nawaz (PML-N)'s chief Nawaz Sharif. Those who held meeting with the PML-N's
Published 05 Jun, 2011 12:00am
PML-Q's three dissident Senators meet Nawaz

PML-Q's three dissident Senators meet Nawaz

In a bid to launch joint strategy in Senate against the government, three Pakistan Muslim League-Q three dissident Senators on Saturday held a meeting with Pakistan Muslim League-Nawaz (PML-N)'s chief Nawaz Sharif. Those who held meeting with the PML-N's
Published 05 Jun, 2011 12:00am
Essential items'' prices up by 10-20 percent

Essential items'' prices up by 10-20 percent

The prices of different essential commodities soared in the range of 10 percent to 20 percent last week, according to a survey conducted by Business Recorder in leading markets of the twin cities Islamabad and Rawalpindi. The prices of different ed
Published 05 Jun, 2011 12:00am
Essential items' prices up by 10-20 percent

Essential items' prices up by 10-20 percent

The prices of different essential commodities soared in the range of 10 percent to 20 percent last week, according to a survey conducted by Business Recorder in leading markets of the twin cities Islamabad and Rawalpindi. The prices of different ed
Published 05 Jun, 2011 12:00am
Essential items' prices up by 10-20 percent

Essential items' prices up by 10-20 percent

The prices of different essential commodities soared in the range of 10 percent to 20 percent last week, according to a survey conducted by Business Recorder in leading markets of the twin cities Islamabad and Rawalpindi. The prices of different ed
Published 05 Jun, 2011 12:00am
Thailand to free 96 Pakistan asylum detainees

Thailand to free 96 Pakistan asylum detainees

Thailand on Saturday confirmed it would release a group of almost a hundred Pakistani refugees and asylum seekers that activists said includes several dozen children and a baby born in detention. In total 96 people, most of whom were arrested in December,
Published 05 Jun, 2011 12:00am
Thailand to free 96 Pakistan asylum detainees

Thailand to free 96 Pakistan asylum detainees

Thailand on Saturday confirmed it would release a group of almost a hundred Pakistani refugees and asylum seekers that activists said includes several dozen children and a baby born in detention. In total 96 people, most of whom were arrested in December,
Published 05 Jun, 2011 12:00am
Textile ministry''''s demand ignored in budget

Textile ministry''''s demand ignored in budget

The fate of textile industry is in limbo as the government refused Textile Ministry''''s demand to allocate Rs 35 billion for different initiatives that were integral components of the textile policy (2009-14) in budget 2011-12, Business Recorder h
Published 05 Jun, 2011 12:00am
Textile ministry''s demand ignored in budget

Textile ministry''s demand ignored in budget

The fate of textile industry is in limbo as the government refused Textile Ministry''s demand to allocate Rs 35 billion for different initiatives that were integral components of the textile policy (2009-14) in budget 2011-12, Business Recorder has
Published 05 Jun, 2011 12:00am
Textile ministry's demand ignored in budget

Textile ministry's demand ignored in budget

The fate of textile industry is in limbo as the government refused Textile Ministry's demand to allocate Rs 35 billion for different initiatives that were integral components of the textile policy (2009-14) in budget 2011-12, Business Recorder has
Published 05 Jun, 2011 12:00am
Textile ministry's demand ignored in budget

Textile ministry's demand ignored in budget

The fate of textile industry is in limbo as the government refused Textile Ministry's demand to allocate Rs 35 billion for different initiatives that were integral components of the textile policy (2009-14) in budget 2011-12, Business Recorder has
Published 05 Jun, 2011 12:00am
Government wants to have only two federal taxes

Government wants to have only two federal taxes

Finance Minister Abdul Hafeez Shaikh on Saturday said the government wanted to have only two federal taxes ie income tax and sales tax in future by gradual abolition of the federal excise duty (FED). Addressing a post-budget press conference at the Planni
Published 05 Jun, 2011 12:00am
Government wants to have only two federal taxes

Government wants to have only two federal taxes

Finance Minister Abdul Hafeez Shaikh on Saturday said the government wanted to have only two federal taxes ie income tax and sales tax in future by gradual abolition of the federal excise duty (FED). Addressing a post-budget press conference at the Planni
Published 05 Jun, 2011 12:00am
Government wants to have only two federal taxes

Government wants to have only two federal taxes

Finance Minister Abdul Hafeez Shaikh on Saturday said the government wanted to have only two federal taxes ie income tax and sales tax in future by gradual abolition of the federal excise duty (FED). Addressing a post-budget press conference at the Planni
Published 05 Jun, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (June 04, 2011) and the forecast for Sunday (June 05, 2011).

Published 05 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
''Importers overburdened by increase in VAT rate''

''Importers overburdened by increase in VAT rate''

The FBR has overburdened the commercial importers by increasing value-addition rate from 2 percent to 3 percent with immediate effect ie June 4, 2011, whereas reduction of one percent in the standard rate of sales tax and benefit of 2.5 percent special ex
Published 05 Jun, 2011 12:00am
'Importers overburdened by increase in VAT rate'

'Importers overburdened by increase in VAT rate'

The FBR has overburdened the commercial importers by increasing value-addition rate from 2 percent to 3 percent with immediate effect ie June 4, 2011, whereas reduction of one percent in the standard rate of sales tax and benefit of 2.5 percent special ex
Published 05 Jun, 2011 12:00am
'Importers overburdened by increase in VAT rate'

'Importers overburdened by increase in VAT rate'

The FBR has overburdened the commercial importers by increasing value-addition rate from 2 percent to 3 percent with immediate effect ie June 4, 2011, whereas reduction of one percent in the standard rate of sales tax and benefit of 2.5 percent special ex
Published 05 Jun, 2011 12:00am
Military pensions 220 percent higher than civilian ones

Military pensions 220 percent higher than civilian ones

Federal budget 2011-12 documents show that total outlay on military pensions is 220 percent more than civil services pensions. The government has allocated Rs 96.138 billion for pensions during the next financial year; of which, Rs 73.218 billion has been
Published 05 Jun, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
Military pensions 220 percent higher than civilian ones

Military pensions 220 percent higher than civilian ones

Federal budget 2011-12 documents show that total outlay on military pensions is 220 percent more than civil services pensions. The government has allocated Rs 96.138 billion for pensions during the next financial year; of which, Rs 73.218 billion has been
Published 05 Jun, 2011 12:00am
Military pensions 220 percent higher than civilian ones

Military pensions 220 percent higher than civilian ones

Federal budget 2011-12 documents show that total outlay on military pensions is 220 percent more than civil services pensions. The government has allocated Rs 96.138 billion for pensions during the next financial year; of which, Rs 73.218 billion has been
Published 05 Jun, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
SSGC board okays Progas deal amid reservations

SSGC board okays Progas deal amid reservations

Board of Directors of Sui Southern Gas Company Limited (SSGC) on Saturday approved the state-owned utility''s plans to purchase Progas Pakistan Limited, an LPG marketing company undergoing liquidation proceedings under court orders, well-informed sources
Published 05 Jun, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
SSGC board okays Progas deal amid reservations

SSGC board okays Progas deal amid reservations

Board of Directors of Sui Southern Gas Company Limited (SSGC) on Saturday approved the state-owned utility's plans to purchase Progas Pakistan Limited, an LPG marketing company undergoing liquidation proceedings under court orders, well-informed sources t
Published 05 Jun, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
SSGC board okays Progas deal amid reservations

SSGC board okays Progas deal amid reservations

Board of Directors of Sui Southern Gas Company Limited (SSGC) on Saturday approved the state-owned utility's plans to purchase Progas Pakistan Limited, an LPG marketing company undergoing liquidation proceedings under court orders, well-informed sources t
Published 05 Jun, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
Gates says too early to switch Afghan war strategy

Gates says too early to switch Afghan war strategy

US Defence Secretary Robert Gates said it was "premature" to change strategy in the Afghan war, during a surprise farewell trip to the war-torn country Saturday. Gates urged President Hamid Karzai's government to "step up" in order to ensure that the proc
Published 05 Jun, 2011 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
Gates says too early to switch Afghan war strategy

Gates says too early to switch Afghan war strategy

US Defence Secretary Robert Gates said it was "premature" to change strategy in the Afghan war, during a surprise farewell trip to the war-torn country Saturday. Gates urged President Hamid Karzai's government to "step up" in order to ensure that the proc
Published 05 Jun, 2011 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
Sindh budget on June 10

Sindh budget on June 10

Sindh Minister for Finance, Syed Murad Ali Shah has said that provincial budget for next fiscal would be presented in the Sindh Assembly on June 10. "Provincial budget will be presented next Friday," said the Minister while talking to newsmen on Saturday
Published 05 Jun, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
Sindh budget on June 10

Sindh budget on June 10

Sindh Minister for Finance, Syed Murad Ali Shah has said that provincial budget for next fiscal would be presented in the Sindh Assembly on June 10. "Provincial budget will be presented next Friday," said the Minister while talking to newsmen on Saturday
Published 05 Jun, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
Sindh budget on June 10

Sindh budget on June 10

Sindh Minister for Finance, Syed Murad Ali Shah has said that provincial budget for next fiscal would be presented in the Sindh Assembly on June 10. "Provincial budget will be presented next Friday," said the Minister while talking to newsmen on Saturday
Published 05 Jun, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
Sindh budget on June 10

Sindh budget on June 10

Sindh Minister for Finance, Syed Murad Ali Shah has said that provincial budget for next fiscal would be presented in the Sindh Assembly on June 10. "Provincial budget will be presented next Friday," said the Minister while talking to newsmen on Saturday
Published 05 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
WHT payer''s NTN/CNIC must be mentioned in agent''s statement

WHT payer''s NTN/CNIC must be mentioned in agent''s statement

The Federal Board of Revenue (FBR) has made it mandatory for the withholding agents to mention the national tax number (NTN) or computerised national identity card (CNIC) number of the persons against whom the tax has been deducted to ensure compliance by
Published 05 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 04, 2011).

Published 05 Jun, 2011 12:00am
WHT payer's NTN/CNIC must be mentioned in agent's statement

WHT payer's NTN/CNIC must be mentioned in agent's statement

The Federal Board of Revenue (FBR) has made it mandatory for the withholding agents to mention the national tax number (NTN) or computerised national identity card (CNIC) number of the persons against whom the tax has been deducted to ensure compliance by
Published 05 Jun, 2011 12:00am
WHT payer's NTN/CNIC must be mentioned in agent's statement

WHT payer's NTN/CNIC must be mentioned in agent's statement

The Federal Board of Revenue (FBR) has made it mandatory for the withholding agents to mention the national tax number (NTN) or computerised national identity card (CNIC) number of the persons against whom the tax has been deducted to ensure compliance by
Published 05 Jun, 2011 12:00am
Rehman confirms killing

Rehman confirms killing

Interior Minister Rehman Malik has confirmed that top al Qaeda commander Ilyas Kashmiri had been killed in a US drone strike, Aaj News said. Kashmiri was the chief of the Harkatul Jihad al-Islami, a group affiliated with al Qaeda, and its offshoot
Published 05 Jun, 2011 12:00am
THE RUPEE: all-round fall after budget

THE RUPEE: all-round fall after budget

Bears dominated the money market as the dollar touched an important level of 86 in the interbank deals in the post-budget session on Saturday, money experts said. The rupee drifted lower against dollar, shedding 10 paisa for buying and selling at 85.95 an
Published 05 Jun, 2011 12:00am
Rehman confirms killing

Rehman confirms killing

Interior Minister Rehman Malik has confirmed that top al Qaeda commander Ilyas Kashmiri had been killed in a US drone strike, Aaj News said. Kashmiri was the chief of the Harkatul Jihad al-Islami, a group affiliated with al Qaeda, and its offshoot
Published 05 Jun, 2011 12:00am