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Print - 2011-06-10
AJK CEC dismisses nine appeals of candidates

AJK CEC dismisses nine appeals of candidates

The Chief Election Commissioner (CEC) of Azad Jammu and Kashmir (AJK) former Justice Khawaja Muhammad Saeed on Wednesday dismissed nine appeals of the general election candidates filed against the rejection of their nomination papers by the concerned Retu
Published 10 Jun, 2011 12:00am
SME Leasing, Business Support Fund ink MoU

SME Leasing, Business Support Fund ink MoU

SME Leasing Limited, a subsidiary of SME Bank Limited, and SME Business Support Fund recently signed a Memorandum of Understanding to facilitate co-operation between the parties for encouraging and promoting energy efficiency and conservation programmes i
Published 10 Jun, 2011 12:00am
'Consultative Group' discusses WIFS, budget reforms

'Consultative Group' discusses WIFS, budget reforms

A special 'Consultative Group' comprising senior bankers, Islamic finance specialists and academicians met, here on Thursday, to endorse and chalk out strategic content for the upcoming World Islamic Finance Summit (WIFS) 2011 to be held on September 21 a
Published 10 Jun, 2011 12:00am
ICAP's seminar on budget today

ICAP's seminar on budget today

The Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP) is organising a seminar on "Federal Budget 2011-12" to be held on Friday, today. Dr Hafiz Pasha, Chairman, Revenue Advisory Committee, Government of Pakistan will
Published 10 Jun, 2011 12:00am
Textile exports to decline if duty drawback not paid, fears PTEA

Textile exports to decline if duty drawback not paid, fears PTEA

Textile exports of the country would decline drastically if duty drawback on local taxes is not extended beyond June 30th, said Chairman Pakistan Textile Exporters Association (PTEA), Wasim Latif while talking to newsmen, here on Thursday.
Published 10 Jun, 2011 12:00am
51 judicial officers promoted

51 judicial officers promoted

Administration committee of the Lahore High Court headed by Chief Justice Ijaz Ahmad Chaudhry here Thursday promoted 51 judicial officers including 15 additional sessions judges to the post of sessions judge, 3 senior civil judges to ASJs, 23 civil judges
Published 10 Jun, 2011 12:00am
BoP clarification

BoP clarification

In reference to the press conference held by Sheikh Haris Afzal, who is one of the main accused in Bank's largest loan-fraud case of Haris Steel and its group concerns, the Bank of Punjab (BoP) has issued the following clarification here on Thursday.
Published 10 Jun, 2011 12:00am
IoBM wins 'Cima Global Business Challenge'

IoBM wins 'Cima Global Business Challenge'

Institute of Business Management (IoBM) took first and third positions at Cima Global Business Challenge Pakistan final, held here recently, said an announcement from IoBM Public Affairs Section. Lums and CAMS took second and fourth positions respectively
Published 10 Jun, 2011 12:00am
Only 250 neuro-surgeons serving over 180 million population

Only 250 neuro-surgeons serving over 180 million population

There are only 250 Neuro-surgeons in Pakistan for a population of over 180 million and the need of the hour is to overcome the shortage of health professionals in this branch of surgery so that people could get latest treatment facilities across the count
Published 10 Jun, 2011 12:00am
Shortage of petrol, two-day weekly holidays hit Multanites

Shortage of petrol, two-day weekly holidays hit Multanites

Non-availability of petrol at majority of filling stations, besides the scheduled load management for CNG stations hit motorists, students and office goers, but also caused massive nuisance for the Multanites with paralysing the routine business activitie
Published 10 Jun, 2011 12:00am
MQM candidates to contest AJK elections in 41 constituencies

MQM candidates to contest AJK elections in 41 constituencies

Muttahida Qaumi Movement (MQM) has decided to field its candidates in 41 constituencies in Azad Jammu and Kashmir (AJK) elections. Addressing a press conference here on Thursday, MQM central leader Waseem Akhtar and former member AJK Assembly Tahir Khokha
Published 10 Jun, 2011 12:00am
Media urged to report acid-throwing incidents

Media urged to report acid-throwing incidents

The Acid Survivors Foundation (ASF) on Thursday called upon the media to report incidents of acid throwing especially at young girls in accurate manner along with other related issues. In this connection, a training workshop titled "media reporting on gen
Published 10 Jun, 2011 12:00am
'PPP to emerge victorious in AJK polls'

'PPP to emerge victorious in AJK polls'

Top Pakistan Peoples Party (PPP) AJK leader Chaudhry Arshad Hussain Majeed on Thursday said the party would emerge victorious by winning 2/3 majority in the AJK Legislative Assembly elections. Addressing a news conference here at Kashmir Press Club on Thu
Published 10 Jun, 2011 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold prices rose nearly 1 percent on Thursday, and were set for their biggest one-day gain in two weeks, as rallies in crude oil and grain prices heightened fears inflation was heating up. Inflation worries were spurred by grain prices rising sharply afte
Published 10 Jun, 2011 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

Copper eked out a modest gain early on Thursday, as expectations for a rebound in Chinese imports counterbalanced the negative macro-economic impact from weekly US jobless claims figures. Copper's late-session turnaround coincided with an extended rally o
Published 10 Jun, 2011 12:00am
US MIDDAY: corn hits record high

US MIDDAY: corn hits record high

The price of US corn soared to a record high early on Thursday after a government report said poor spring planting conditions have reduced this year's crop potential and will further squeeze already tight market supplies. Corn peaked at a record $7.93 per
Published 10 Jun, 2011 12:00am
US MIDDAY: coffee and cocoa up

US MIDDAY: coffee and cocoa up

ICE arabica coffee and cocoa futures moved higher early on Thursday, as July/September spreading dominated dealings and as Brazilian coffee farmers held off selling beans. Sugar futures were mixed in choppy dealings with some support coming from uncertain
Published 10 Jun, 2011 12:00am
Gold rises in London

Gold rises in London

Gold prices firmed to session highs above $1,540 an ounce on Thursday as the European Central Bank signalled a rate hike may be forthcoming next month, after leaving interest rates unchanged for the moment. Spot gold hit a peak of $1,540.54 an ounce and w
Published 10 Jun, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold held steady on Thursday as a wait-and-see sentiment prevailed on future US monetary policy moves, while palladium strengthened as the automobile sector recovers from the Japan earthquake in March. Spot gold was steady at $1,535.65 an ounce by 05
Published 10 Jun, 2011 12:00am
US gold falls

US gold falls

Gold fell on Wednesday as the dollar index gained and a day after Federal Reserve Chairman Ben Bernanke offered no hints of further US monetary easing but acknowledging the economy has slowed. Bullion investors were disappointed with the uncertainty over
Published 10 Jun, 2011 12:00am
Brent hits five-week high

Brent hits five-week high

Brent crude rose 1.5 percent on Thursday, reaching a five-week high as Opec's surprise failure to reach a deal on raising output stoked more fears of leaner supplies later in the year. Brent and US crude rose for a third day, part of a broad commodities r
Published 10 Jun, 2011 12:00am
Liffe sugar declines

Liffe sugar declines

Liffe August white sugar closes $2.30 lower at $712.10 a tonne on Thursday after earlier rising to a two-month high for the front month of $719.10. Market suffered modest setback after recent strong gains but remains underpinned by strong demand for white
Published 10 Jun, 2011 12:00am
Emirates Airline soars higher with launch of new destinations

Emirates Airline soars higher with launch of new destinations

Emirates Airline has announced the launch of three new European destinations for this year. The new services will be to Geneva, Copenhagen and St. Petersburg. Geneva was added to the airline's European network on June 1 and will be followed by services to
Published 10 Jun, 2011 12:00am
Zardari urges elimination of child's abuses

Zardari urges elimination of child's abuses

President Asif Ali Zardari on Thursday called upon the Federal Government to expedite the proposed Child Protection (Criminal Law) Amendment Bill. He also called upon the Federal and Provincial governments to ensure that all provisions of the Optional Pro
Published 10 Jun, 2011 12:00am
Bonded cargo: KCCI for waiver of penal surcharge

Bonded cargo: KCCI for waiver of penal surcharge

President, Karachi Chamber of Commerce and Industry (KCCI), Mohammad Saeed Shafiq has urged Member (Customs) Federal Board of Revenue (FBR) Mumtaz Haider Rizvi to waive penal surcharge on bonded cargo till June 30, 2011.
Published 10 Jun, 2011 12:00am
SHFP to hold walk for clean environment

SHFP to hold walk for clean environment

Save Human Foundation Pakistan (SHFP) to hold 'Walk for Clean Environment Save Life' on Sunday 12th June. The Save Human Foundation focuses on youth unit, democracy, capacity building, cultural values, active political participation, leadership and civic
Published 10 Jun, 2011 12:00am
Kaghan Tourism Festival from June 24

Kaghan Tourism Festival from June 24

A three-day Kaghan Tourism Festival will be held in Naran from June 24 to 26. This was revealed by Provincial Ministers for Tourism Syed Aqil Shah and Industries Syed Ahmad Hussain Shah, while presiding over a meeting of Mansehra district administration o
Published 10 Jun, 2011 12:00am
Punjab government urged to allocate funds for small power projects

Punjab government urged to allocate funds for small power projects

The Punjab government should announce small-scale hydle power projects in the province to make the budget document meaningful and business friendly, as the acute shortage of electricity is causing undue damage to the entire economy.
Published 10 Jun, 2011 12:00am
Proposed wrapping up of NCHD opposed

Proposed wrapping up of NCHD opposed

Members of provincial action committee, National Commission for Human Development (NCHD), Khyber Pakhtunkwa and FATA opposed the proposed wrapping up of the commission and urged the provincial government to allocate appropriate funds for it in the budget-
Published 10 Jun, 2011 12:00am
Reko Diq camp site: TCC to retain skeleton staff

Reko Diq camp site: TCC to retain skeleton staff

Tethyan Copper Company Pakistan (Pvt) Limited (TCC) announced on Wednesday that the company has decided to put the Reko Diq camp site on care and maintenance with only a handful of employees retained at the site for equipment maintenance. Most of the work
Published 10 Jun, 2011 12:00am
Four-year BS programme: new grading system leaves students in trouble

Four-year BS programme: new grading system leaves students in trouble

After introduction of the new grading system in four-year BS Programme by Karachi University in 2010, many students failed in the exams. The university replaced the percentile or division system with Grade Point Average (GPA) system in BS programme (morni
Published 10 Jun, 2011 12:00am
Brooke Bond Tea Council unveiled

Brooke Bond Tea Council unveiled

Brooke Bond has over 140 years of tea expertise and has been catering to the diverse preferences of consumers across the country. As one of the major players in the tea industry, Brooke Bond has always been at the forefront of new initiatives in the categ
Published 10 Jun, 2011 12:00am
PML-N budget today: PPP Punjab presents Rs 714 billion 'shadow budget'

PML-N budget today: PPP Punjab presents Rs 714 billion 'shadow budget'

Pakistan Peoples Party Punjab has presented a shadow budget of rupees 714 billion for the fiscal year 2011-12, including Annual Development Programme (ADP) worth rupees 272 billion. Former Senior Minister Punjab, Raja Riaz and former Punjab Finance Minist
Published 10 Jun, 2011 12:00am
Experts stress need for promoting discipline of biochemistry

Experts stress need for promoting discipline of biochemistry

Agriculture experts have stressed the need for promoting the discipline of biochemistry to address numerous issues being faced by the country. Addressing the audience on the occasion of Golden Jubilee Celebrations of the University of Agriculture Faisalab
Published 10 Jun, 2011 12:00am
Conference on 'Career opportunity in molecular biology & biotechnology'

Conference on 'Career opportunity in molecular biology & biotechnology'

University of Veterinary and Animal Sciences (UVAS) Vice Chancellor Professor Dr Muhammad Nawaz has said that biotechnology is an emerging science, which has grown in leaps and bound and is applying in multidisciplinary subjects including animal husbandry
Published 10 Jun, 2011 12:00am
Gilgit-Baltistan Legislative Assembly adopts two bills

Gilgit-Baltistan Legislative Assembly adopts two bills

Gilgit-Baltistan Legislative Assembly on Thursday passed two bills on the second day of the house proceedings. Law Minister Wazir Shakir tabled the Civil Servants Act 2011 bill in the house, which was unanimously approved by the members. He also responded
Published 10 Jun, 2011 12:00am
FBR to launch centralised audit from July 1

FBR to launch centralised audit from July 1

Federal Board of Revenue (FBR) has decided to launch a 'Centralised Audit System' (CAS) from July 1 to improve audit system and efforts would be made to bridge the tax gap by bringing the defaulters under the net. This was stated by Khawaja Tanveer Ahmed,
Published 10 Jun, 2011 12:00am
KESC sacked workers continue their protest

KESC sacked workers continue their protest

The striking workers of Karachi Electric Supply Company (KESC) shifted gears and widened the scope of their protest against utility's management, demanding withdrawal of surplus pool of 4500 men. Hundreds of Karachi Electric Supply Corporation (KESC) sack
Published 10 Jun, 2011 12:00am
Punjab food department procures over 3.72 metric tons of wheat

Punjab food department procures over 3.72 metric tons of wheat

Punjab Food Department procured 3,720,822 metric tons of wheat during the 'wheat procurement drive 2011' against the target of 3,500,000 metric tons. Punjab Minister for Food and Miners, Chaudhry Abdul Ghafoor claimed in a statement, issued here Thursday,
Published 10 Jun, 2011 12:00am
Roadside blast kills four, hurting three in Peshawar

Roadside blast kills four, hurting three in Peshawar

Four people were killed and three other injured in a roadside improvised explosive device (IED) explosion at Mathani, suburban locality of the provincial metropolis here on Thursday. The victims were stated to be members of the local peace lashkar who wer
Published 10 Jun, 2011 12:00am
Capital Police nab nine suspects

Capital Police nab nine suspects

Capital Police on Thursday arrested nine suspects from different areas of the city and recovered wine, drugs and illegal weapons from their possession. After directions from SSP Islamabad Tahir Alam Khan, special search was conducted by Industrial Area Po
Published 10 Jun, 2011 12:00am
US condemns Peshawar attack

US condemns Peshawar attack

The United States Embassy here has condemned terrorist attack close to a school in the Matni area near Peshawar. "We offer our sincere condolences to the families and friends of the victims." The fact that this attack occurred near a school shows the mora
Published 10 Jun, 2011 12:00am
Two hurt in land mine blast

Two hurt in land mine blast

Two people received injuries in a landmine blast occurred here in Sui area, on Thursday. An official said that Managla and Iqbal Khan riding a motorbike were way home when their motorbike hit the landmine planted by unidentified man at Jani Bairi area of
Published 10 Jun, 2011 12:00am
ACE detects bogus entries of land made by Revenue officers

ACE detects bogus entries of land made by Revenue officers

Anticorruption Establishment (ACE) has detected bogus entries of 186-29 acres of agricultural land worth of millions of rupees in the record of rights have been made by the Revenue officers of District Matiari, Business Recorder learnt on Thursday.
Published 10 Jun, 2011 12:00am
Asfandyar City Housing Scheme: ANP refutes negative propaganda

Asfandyar City Housing Scheme: ANP refutes negative propaganda

Malik Mughal Khan, an ANP activist has refuted negative propaganda about the Asfandyar City housing scheme, in district Nowshera, saying that the project is feasible for residential purposes. Addressing a news conference at Peshawar press club on Thursday
Published 10 Jun, 2011 12:00am
Nine of a family killed over old enmity

Nine of a family killed over old enmity

As many as nine persons including two women and four children were killed while three others received bullet injuries over old enmity in the jurisdiction of Sharakpur police station, district Sheikhupura during early hours of Thursday. Police sources told
Published 10 Jun, 2011 12:00am
Rs 3.16 billion irregularities detected in Pakistan Post

Rs 3.16 billion irregularities detected in Pakistan Post

Auditor General of Pakistan (AGP) has detected irregularities, embezzlements and mismanagements of Rs 3.16 billion in Pakistan Post Office Department. This includes the Rs 504.94 million judged as weaknesses and irregularities not considered worth reporti
Published 10 Jun, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 10 Jun, 2011 12:00am
Rs 3.16 billion irregularities detected in Pakistan Post

Rs 3.16 billion irregularities detected in Pakistan Post

Auditor General of Pakistan (AGP) has detected irregularities, embezzlements and mismanagements of Rs 3.16 billion in Pakistan Post Office Department. This includes the Rs 504.94 million judged as weaknesses and irregularities not considered worth reporti
Published 10 Jun, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 10 Jun, 2011 12:00am
Rs 3.16 billion irregularities detected in Pakistan Post

Rs 3.16 billion irregularities detected in Pakistan Post

Auditor General of Pakistan (AGP) has detected irregularities, embezzlements and mismanagements of Rs 3.16 billion in Pakistan Post Office Department. This includes the Rs 504.94 million judged as weaknesses and irregularities not considered worth reporti
Published 10 Jun, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (June 09, 2011).

Published 10 Jun, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (June 09, 2011).

Published 10 Jun, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (June 09, 2011).

Published 10 Jun, 2011 12:00am
Army makes recommendation: divert US military aid to economy

Army makes recommendation: divert US military aid to economy

A meeting of the military commanders has recommended to the government that the US funds meant for military assistance to the Army be diverted towards economic aid to Pakistan which could be used for reducing the burden on the common man.
Published 10 Jun, 2011 12:00am
Army makes recommendation: divert US military aid to economy

Army makes recommendation: divert US military aid to economy

A meeting of the military commanders has recommended to the government that the US funds meant for military assistance to the Army be diverted towards economic aid to Pakistan which could be used for reducing the burden on the common man.
Published 10 Jun, 2011 12:00am
Army makes recommendation: divert US military aid to economy

Army makes recommendation: divert US military aid to economy

A meeting of the military commanders has recommended to the government that the US funds meant for military assistance to the Army be diverted towards economic aid to Pakistan which could be used for reducing the burden on the common man.
Published 10 Jun, 2011 12:00am
Display of NTN outside shops: FBR invoking new provision of IT law

Display of NTN outside shops: FBR invoking new provision of IT law

Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue has decided to invoke a unique provision of the income tax law to ensure that every shop/outlet in famous markets, shopping malls, and renowned departmental
Published 10 Jun, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (June 09, 2011).

Published 10 Jun, 2011 12:00am
Display of NTN outside shops: FBR invoking new provision of IT law

Display of NTN outside shops: FBR invoking new provision of IT law

Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue has decided to invoke a unique provision of the income tax law to ensure that every shop/outlet in famous markets, shopping malls, and renowned departmental
Published 10 Jun, 2011 12:00am
Display of NTN outside shops: FBR invoking new provision of IT law

Display of NTN outside shops: FBR invoking new provision of IT law

Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue has decided to invoke a unique provision of the income tax law to ensure that every shop/outlet in famous markets, shopping malls, and renowned departmental
Published 10 Jun, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 09, 2011).
Published 10 Jun, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (June 09, 2011).

Published 10 Jun, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities registered declines amid decreased trading turnover due to volatility that forced the investors to remain on the sideline. The LSE-25 index lost 10.42 points and was
Published 10 Jun, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities registered declines amid decreased trading turnover due to volatility that forced the investors to remain on the sideline. The LSE-25 index lost 10.42 points and was
Published 10 Jun, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 9.60 points, as the Index moved from 2,805.67 to 2796.07 points. T
Published 10 Jun, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 9.60 points, as the Index moved from 2,805.67 to 2796.07 points. T
Published 10 Jun, 2011 12:00am
President appoints ECP, CII members

President appoints ECP, CII members

President Asif Ali Zardari on the advice of the Prime Minister on Thursday appointed four retired judges of the High Courts as members of the Election Commission of Pakistan (ECP) and eight eminent persons as members of the Council of Islamic Ideology (CI
Published 10 Jun, 2011 12:00am
President appoints ECP, CII members

President appoints ECP, CII members

President Asif Ali Zardari on the advice of the Prime Minister on Thursday appointed four retired judges of the High Courts as members of the Election Commission of Pakistan (ECP) and eight eminent persons as members of the Council of Islamic Ideology (CI
Published 10 Jun, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (June 09, 2011).

Published 10 Jun, 2011 12:00am
PC registers BESOS trusts in 64 SOEs

PC registers BESOS trusts in 64 SOEs

The Privatisation Commission (PC) has registered Benazir Employees Stock Option Scheme (BESOS) Trusts in 64 State Owned Entities (SoEs), which will benefit 306,473 workers. The Advisors M. Yousaf Adil Saleem & Company (MYASCO) in a joint presentation info
Published 10 Jun, 2011 12:00am
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