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Print - 2011-06-25
Costa Rica international killed in car crash

Costa Rica international killed in car crash

Costa Rica defender Dennis Marshall, who five days ago scored a goal at the CONCACAF Gold Cup, was killed in a road accident on Thursday, the soccer player's agent said. "It's incredible, I can't believe it. You never know what's going to happen to you to
Published 25 Jun, 2011 12:00am
Shoaib Akhtar's appeal adjourned

Shoaib Akhtar's appeal adjourned

A Pakistani court on Friday adjourned an appeal by retired international paceman Shoaib Akhtar against a record seven million rupee ($82,400) disciplinary fine imposed on him three years ago. The 35-year-old, who retired from international cricket after P
Published 25 Jun, 2011 12:00am
FIFA slams Brazil's World Cup preparations

FIFA slams Brazil's World Cup preparations

FIFA Secretary General Jerome Valcke on Friday issued a scathing assessment of Brazil's 2014 World Cup preparations, saying the future hosts still lacked stadia, airports and transportation. "They have much still to deliver," Valcke said at the Inside Wor
Published 25 Jun, 2011 12:00am
Tharanga gets drugs ban

Tharanga gets drugs ban

Sri Lanka batsman Upul Tharanga was banned from all cricket for three months after failing a drugs test at the World Cup in March, the International Cricket Council (ICC) announced Friday. The ICC, in a statement issued from its Dubai headquarters, said t
Published 25 Jun, 2011 12:00am
Paula the Octopus in action for women's World Cup

Paula the Octopus in action for women's World Cup

During last year's World Cup in South Africa, Paul the Octopus shot to fame for his accurate match predictions, so for the women's competition starting in Germany on Sunday, step forward Paula. The tentacled tipster was put through her paces on Friday in
Published 25 Jun, 2011 12:00am
India blow West Indies away with 63-run victory

India blow West Indies away with 63-run victory

India underlined their status as the world number one Test side with a comfortable 63-run victory over West Indies in the first Test on Thursday. The Indians successfully defended a victory target of 326 when they dismissed West Indies for 262 in their se
Published 25 Jun, 2011 12:00am
EU leaders give conditional go-ahead to Croatia entry

EU leaders give conditional go-ahead to Croatia entry

European Union leaders gave the go-ahead on Friday for Croatia to join the EU, after six years of preparations marred by slow democratic reforms in Zagreb and the EU's reluctance to expand. The former Yugoslav state of 4.4 million people should be able to
Published 25 Jun, 2011 12:00am
TV's Columbo, Peter Falk dies

TV's Columbo, Peter Falk dies

Peter Falk, the gravel-voiced US actor who played Hollywood's rumpled detective Lieutenant Columbo, has died at 83, family members told US media Friday. Falk, whose portrayal of the dishevelled, trenchcoat-wearing homicide detective made him a household n
Published 25 Jun, 2011 12:00am
Cathay, Virgin flights 'minutes' from crash

Cathay, Virgin flights 'minutes' from crash

A commercial jet from Hong Kong came within minutes of a mid-air crash with an Australian flight in 2009 after air traffic control failed to notice they were on collision course, a report found Friday. The Melbourne-bound Cathay Pacific A330 was two minut
Published 25 Jun, 2011 12:00am
Huge quake triggers tsunami alert in Alaskan islands

Huge quake triggers tsunami alert in Alaskan islands

A powerful 7.3-magnitude earthquake shook Alaska's Aleutian Islands late Thursday, triggering a tsunami warning that sent people heading for high ground before the alert was cancelled. Hundreds of people walked, drove and rode in the back of pickup trucks
Published 25 Jun, 2011 12:00am
US, Philippine navies to train near disputed waters

US, Philippine navies to train near disputed waters

The United States and the Philippines said Friday they would hold joint naval exercises next week in waters close to disputed areas of the South China Sea. Eleven days of manoeuvres will start Tuesday, after a pledge by US Secretary of State Hillary Clint
Published 25 Jun, 2011 12:00am
Indian president urges Maoists to give up arms

Indian president urges Maoists to give up arms

India's president urged outlawed Maoist guerrillas on Friday to "leave violence" and accept the government's offer of peace talks. Pratibha Patil's appeal followed a string of Maoist-led attacks which left 18 security personnel dead earlier this month in
Published 25 Jun, 2011 12:00am
UNESCO lists Australia, Kenya beauty spots

UNESCO lists Australia, Kenya beauty spots

Natural beauty and wildlife spots in Australia, Japan and Kenya have won UNESCO world heritage status, the UN cultural body said on Friday. The Paris-based body added the Ningaloo Coast in Western Australia, Japan's remote Ogasawara Islands and the Kenya
Published 25 Jun, 2011 12:00am
Nepal ratifies international anti-terrorism conventions

Nepal ratifies international anti-terrorism conventions

Nepal's parliament on Friday endorsed two international anti-terrorism conventions in a bid to thwart efforts by the Financial Action Task Force (FATF) to blacklist the Asian country. The International Convention for the Suppression of the Financing of Te
Published 25 Jun, 2011 12:00am
GCU-Geography department, Met office Lahore sign MoU

GCU-Geography department, Met office Lahore sign MoU

Government College University (GCU) Lahore Geography Department will strengthen the database of the Regional Metrological Center Lahore (Met Office) by using the Remote Sensing Technology (RST) and Geographic Information System (GIS). A Memorandum of Unde
Published 25 Jun, 2011 12:00am
ISE index sheds 28.2 points

ISE index sheds 28.2 points

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Friday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 28.20 points from 2,781.83 points to 2753.63 points. Turnover amounted to 30,098 shares as co
Published 25 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 24, 2011).

Published 25 Jun, 2011 12:00am
ISE index sheds 28.2 points

ISE index sheds 28.2 points

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Friday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 28.20 points from 2,781.83 points to 2753.63 points. Turnover amounted to 30,098 shares as co
Published 25 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 24, 2011).

Published 25 Jun, 2011 12:00am
ISPR rejects report on bin Laden's cellphone

ISPR rejects report on bin Laden's cellphone

The Pakistan army condemned on Friday a report in the New York Times that a cell phone found in the raid that killed Osama bin Laden contained contacts to a militant group with ties to Pakistan's intelligence agency. The newspaper, citing senior US offici
Published 25 Jun, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (June 24, 2011).

Published 25 Jun, 2011 12:00am
ISPR rejects report on bin Laden's cellphone

ISPR rejects report on bin Laden's cellphone

The Pakistan army condemned on Friday a report in the New York Times that a cell phone found in the raid that killed Osama bin Laden contained contacts to a militant group with ties to Pakistan's intelligence agency. The newspaper, citing senior US offici
Published 25 Jun, 2011 12:00am
Contradiction

Contradiction

Apropos a news item "massive irregularities in appointments, promotions, payment and posting of staff in ZTBL", carried by Business Recorder on June 24, ZTBL Management strongly contradicts the news item and insists that staff hiring, promotions an
Published 25 Jun, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (June 24, 2011).

Published 25 Jun, 2011 12:00am
Contradiction

Contradiction

Apropos a news item "massive irregularities in appointments, promotions, payment and posting of staff in ZTBL", carried by Business Recorder on June 24, ZTBL Management strongly contradicts the news item and insists that staff hiring, promotions an
Published 25 Jun, 2011 12:00am
Contradiction

Contradiction

Apropos a news item "massive irregularities in appointments, promotions, payment and posting of staff in ZTBL", carried by Business Recorder on June 24, ZTBL Management strongly contradicts the news item and insists that staff hiring, promotions an
Published 25 Jun, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (June 24, 2011) and for Saturday (June 25, 2011).
Published 25 Jun, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 24, 2011).

Published 25 Jun, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 21, 2011.

Published 25 Jun, 2011 12:00am
Millionaire having six bank accounts out of tax net!

Millionaire having six bank accounts out of tax net!

The Directorate General of Intelligence and Investigation, Inland Revenue has detected a unique case in Lahore where an undocumented person maintains six different bank accounts with Rs 60-70 million only in one bank account, remained untraced, sources sa
Published 25 Jun, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 21, 2011.

Published 25 Jun, 2011 12:00am
Millionaire having six bank accounts out of tax net!

Millionaire having six bank accounts out of tax net!

The Directorate General of Intelligence and Investigation, Inland Revenue has detected a unique case in Lahore where an undocumented person maintains six different bank accounts with Rs 60-70 million only in one bank account, remained untraced, sources sa
Published 25 Jun, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 21, 2011.

Published 25 Jun, 2011 12:00am
Millionaire having six bank accounts out of tax net!

Millionaire having six bank accounts out of tax net!

The Directorate General of Intelligence and Investigation, Inland Revenue has detected a unique case in Lahore where an undocumented person maintains six different bank accounts with Rs 60-70 million only in one bank account, remained untraced, sources sa
Published 25 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 25 Jun, 2011 12:00am
US lawmakers rebuke Obama over Libya

US lawmakers rebuke Obama over Libya

In a symbolic but scathing rebuke to President Barack Obama, the US House of Representatives on Friday rejected a resolution authorising US military action in Libya for one year. Lawmakers voted 295-123 to defeat the measure and moved to take up a second
Published 25 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 25 Jun, 2011 12:00am
US lawmakers rebuke Obama over Libya

US lawmakers rebuke Obama over Libya

In a symbolic but scathing rebuke to President Barack Obama, the US House of Representatives on Friday rejected a resolution authorising US military action in Libya for one year. Lawmakers voted 295-123 to defeat the measure and moved to take up a second
Published 25 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 24, 2011).

Published 25 Jun, 2011 12:00am
'Bin Laden was worried about al Qaeda's image'

'Bin Laden was worried about al Qaeda's image'

Osama bin Laden was so worried about al Qaeda's image that he proposed changing the group's name to try improve its "brand," a US official said Friday. In a letter found at his Pakistani compound, the late al Qaeda mastermind contemplated new names for hi
Published 25 Jun, 2011 12:00am
The Weather

The Weather

The weather forecast is not being published as the Met Office did not update its Website on Friday.

Published 25 Jun, 2011 12:00am
'Bin Laden was worried about al Qaeda's image'

'Bin Laden was worried about al Qaeda's image'

Osama bin Laden was so worried about al Qaeda's image that he proposed changing the group's name to try improve its "brand," a US official said Friday. In a letter found at his Pakistani compound, the late al Qaeda mastermind contemplated new names for hi
Published 25 Jun, 2011 12:00am
UTPs languishing in jails: CJP for quick disposal of cases

UTPs languishing in jails: CJP for quick disposal of cases

Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry said that National Judicial Policy provides a path to reform the administration of justice in the country to the goal of expeditious and inexpensive justice to all within existing resources. He
Published 25 Jun, 2011 12:00am
UTPs languishing in jails: CJP for quick disposal of cases

UTPs languishing in jails: CJP for quick disposal of cases

Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry said that National Judicial Policy provides a path to reform the administration of justice in the country to the goal of expeditious and inexpensive justice to all within existing resources. He
Published 25 Jun, 2011 12:00am
Seven more fall prey to targeted killing in city

Seven more fall prey to targeted killing in city

Seven more people fell prey to the ongoing spate of targeted killings in the city here on Friday. As per details, a teenage boy was shot dead at university road near Mona Plaza within the limits of Gulshan Iqbal police station. The identity of victim was
Published 25 Jun, 2011 12:00am
Understanding risks: PPA offers to gift poultry farm to Zardari

Understanding risks: PPA offers to gift poultry farm to Zardari

Pakistan Poultry Association offers to gift a poultry farm to President Asif Ali Zardari so that he could understand the risks involved in the poultry farming business and losses of the farmers, former president Pakistan Poultry Association and a big trad
Published 25 Jun, 2011 12:00am
Safe return of sailors: India appreciates Pakistan's role

Safe return of sailors: India appreciates Pakistan's role

India on Friday appreciated Pakistan's help in ensuring safe return of Indian sailors who were held captive by Somali pirates aboard MV Suez. "We are relieved that their ordeal has ended and they would soon be safely back with their families," External Af
Published 25 Jun, 2011 12:00am
Police foil sabotage bid, seize 40kg bomb

Police foil sabotage bid, seize 40kg bomb

Sindh police on Thursday foiled a bid to trigger sectarian violence in the city as a 40-kg bomb, which was allegedly to be used to target a religious sect during Friday prayers, was recovered from Doctors Colony, Jinnah Postgraduate Medical Centre (JPMC).
Published 25 Jun, 2011 12:00am
SU teachers asked to adopt academic culture

SU teachers asked to adopt academic culture

Vice-Chancellor Sindh University (SU) Professor Dr Nazir A Mughal has urged upon the university teachers that it is responsibility of the teacher to adopt strictly university academic culture and he directed all concerned sections to provide internet faci
Published 25 Jun, 2011 12:00am
Jamaat-e-Islami demands mid-term elections

Jamaat-e-Islami demands mid-term elections

Jamaat-e-Islami (JI) on Friday called for mid-term elections, saying that the mandate given to the government by people stands no more valid as masses have lost confidence in the rulers. Initiating debate in Senate over presidential address to the joint s
Published 25 Jun, 2011 12:00am
World Drug Report 2011 launched

World Drug Report 2011 launched

United Nations Office on Drugs and Crime (UNODC) World Drug Report 2011 was launched by Secretary Ministry of Narcotics Control Iftikhar Ahmed, Director General Anti-Narcotics Force Major General Syed Shakeel Hussain and Special Envoy of the United Nation
Published 25 Jun, 2011 12:00am
Power shortfall crosses 4,000 megawatts

Power shortfall crosses 4,000 megawatts

Power shortfall has crossed 4000MW, leading to alarming situation amidst rise in mercury to 43 Celsius. Rise in shortfall has resulted into repeated forced closures, putting the life many including unhealthy ones, cursing the power distribution companies
Published 25 Jun, 2011 12:00am
Rains likely in upper regions

Rains likely in upper regions

Pakistan Meteoro-logical Department has forecasted isolated rain/dust and thundershower in upper Punjab (Islamabad, Rawalpindi, Gujranwala, Sargodha, Faisalabad, Lahore) Bahawalpur and Hazara divisions and Kashmir. The Met office forecast hot and dry weat
Published 25 Jun, 2011 12:00am
Government to devise mechanism for price stabilisation at USC

Government to devise mechanism for price stabilisation at USC

Advisor to Prime Minister for Industries, Muhammad Basharat Raja here on Friday said that government would soon devise a suitable mechanism to stabilise the prices of commodities of the Utility Stores Corporation (USC). He said that the abrupt rise in pri
Published 25 Jun, 2011 12:00am
Hajj tour operators challenge LHC verdict in Supreme Court

Hajj tour operators challenge LHC verdict in Supreme Court

Hajj tour operators on Friday challenged Lahore High Court's (LHC) verdict, in the Supreme Court (SC), cancelling quota of 650 tour operators. The LHC had ruled against the distribution of quota under the Hajj Policy 2011 and had cancelled the quota allot
Published 25 Jun, 2011 12:00am
Prime Minister grieved over loss of lives in China

Prime Minister grieved over loss of lives in China

Prime Minister Syed Yousuf Raza Gilani on Friday expressed his deep grief over the loss of precious lives in the devastating floods in China and hoped its resilient people would meet the challenge. In a message to his Chinese counterpart Wen Jiabao, the P
Published 25 Jun, 2011 12:00am
APOTOA warns of oil supply suspension if ban not lifted

APOTOA warns of oil supply suspension if ban not lifted

All Pakistan Oil Tankers Owners Association, (APOTOA) Khyber Pakhtunkwa has demanded for lifting of ban on movement of oil containers to tribal areas via ring road and warned that if their demand was not accepted within 72 hours, they would suspend oil su
Published 25 Jun, 2011 12:00am
Sindh Assembly passes budget with majority vote

Sindh Assembly passes budget with majority vote

The Sindh Assembly on Friday approved the next fiscal year's budget of Rs 458.428 billion with a majority vote amid opposition's call for financial discipline and control on corruption. Speaker Nisar Khuhro declared the budget as approved soon after the r
Published 25 Jun, 2011 12:00am
SNGPL clarification

SNGPL clarification

Apropos a news item carried by Daily Business Recorder with the name 'SNGPL elect 13 directors, the names of the directors Gul Muhammad Rind and Khalid Mansoor were written mistakenly. The fact is that Gul Muhammad Rind and Tariq Iqbal Khan withdre
Published 25 Jun, 2011 12:00am
'Steps taken to overcome energy crisis'

'Steps taken to overcome energy crisis'

Co-ordinator President of PPP, Naveed Chaudhry said on Friday that the government of Pakistan People's Party (PPP) was taking several steps to overcome power and gas crisis, hoping " the positive results will be yielded soon". Talking to newsmen here, he
Published 25 Jun, 2011 12:00am
JCR-VIS re-affirms entity ratings of HBFCL to A/A-2

JCR-VIS re-affirms entity ratings of HBFCL to A/A-2

JCR-VIS Credit Rating Company Limited has reaffirmed the medium to long-term entity rating of 'A' (Single A) and short-term rating of 'A-2' (A-Two) assigned to House Building Finance Company Limited (HBFCL), formerly known as House Building Finance Corpor
Published 25 Jun, 2011 12:00am
JCR-VIS re-affirms entity ratings of HBFCL to A/A-2

JCR-VIS re-affirms entity ratings of HBFCL to A/A-2

JCR-VIS Credit Rating Company Limited has reaffirmed the medium to long-term entity rating of 'A' (Single A) and short-term rating of 'A-2' (A-Two) assigned to House Building Finance Company Limited (HBFCL), formerly known as House Building Finance Corpor
Published 25 Jun, 2011 12:00am
Call for setting up food reserve authority, commodity board

Call for setting up food reserve authority, commodity board

Chairman, Export and Trade Development/Halal Food Certification's sub-committee of Karachi Chamber of Commerce and Industry (KCCI), Agha Shahab Khan has suggested the establishment of a food reserve Authority and commodity board. In a paper, he said despi
Published 25 Jun, 2011 12:00am
Condolence

Condolence

Chairperson Benazir Income Support Programme (BISP) Farzana Raja has expressed her heartfelt condolence on the sudden demise of Javed Shoukat, the elder brother of Pervaiz Shoukat, President of the Federal Union of Journalists (PFUJ). In her condolence me
Published 25 Jun, 2011 12:00am
Monsoon season: Iesco appeals public to observe precautionary measures

Monsoon season: Iesco appeals public to observe precautionary measures

Iesco appeals to member of general public to observe precautionary measures during rain particularly in monsoon season as a little carelessness or negligence can lead human being to fatal accident or even to the death. Iesco appeals to follow below mentio
Published 25 Jun, 2011 12:00am
Circular debt issue shackles KESC

Circular debt issue shackles KESC

The chronic circular debt issue shackles Karachi Electric Supply Company (KESC), necessitating solid steps to overcome the prevailing financial crisis being faced by the company. The company is fast heading towards total liquidation, as the debts of the c
Published 25 Jun, 2011 12:00am
Rs 3.825 million looted from private bank

Rs 3.825 million looted from private bank

Unknown dacoits struck in Islamabad and looted Rs 3.825 million from Bank Alfalah Sabzi Mandi branch after over-powering the security guards and making the bank employees and other people hostage. According to Sabzi Mandi Police six armed dacoits riding o
Published 25 Jun, 2011 12:00am
Masood Khan elected first Mayor of Students Global Village

Masood Khan elected first Mayor of Students Global Village

Pakistan's Ambassador to China, Masood Khan has been elected first Mayor of Global Village by the students of Tsinghua University, China's leading higher learning educational institution. This is an honorary post conferred on a leading personality. Tsingh
Published 25 Jun, 2011 12:00am
Training of cadet pilots at Benazir Bhutto Flight Academy begins

Training of cadet pilots at Benazir Bhutto Flight Academy begins

PIA has started training of cadet pilots at Shaheed Benazir Bhutto Flight Academy where 16 cadet pilots are being imparted flying training. A simple ceremony was held at PIA Training Centre on Friday. The cadets under training at the academy have started
Published 25 Jun, 2011 12:00am
Engro EnVen urea plant announces COD

Engro EnVen urea plant announces COD

The world's largest single train urea plant, Engro EnVen, has finally declared the achievement of Commercial Operation Date (COD) effective June 24, 2011. Engro Corporation on Friday announced that its 100 per cent subsidiary, Engro Fertilisers Limited, h
Published 25 Jun, 2011 12:00am
Conference on 'Local Language Content Stimulus'

Conference on 'Local Language Content Stimulus'

PK Registry PKNIC in collaboration with online Urdu literature website U4U.COM organised a conference on "Local Language Content Stimulus" at Lahore, says a press release issued here on Friday. Chairman Pakistan Telecommunications Authority (PTA) Dr Moham
Published 25 Jun, 2011 12:00am
IP rights violators to face law: Afridi

IP rights violators to face law: Afridi

A lot of efforts are being made to protect copyright and those found involved in piracy would face the law, said Chairman Intellectual Property Organisation (IPO-Pakistan), Hameed Ullah Jan Afridi. "We can attract mega business networks to invest in Pakis
Published 25 Jun, 2011 12:00am
400 protesting KESC workers resume duties

400 protesting KESC workers resume duties

Some 400 surplus pool workers of Karachi Electric Supply Company (KESC) have parted their ways from ongoing protesting workers and joined their duties, it emerged on Friday. Sources claimed that said workers have agreed to start operations at their respec
Published 25 Jun, 2011 12:00am
Zardari vows to hunt down militants

Zardari vows to hunt down militants

President Asif Ali Zardari has denied that Pakistan is turning a blind eye to militants and vowed that it will hunt down and eliminate the terrorists. In an interview published in Strait Times, the president said Pakistan was determined to wiping out extr
Published 25 Jun, 2011 12:00am
LPG prices register Rs 5 per kg increase

LPG prices register Rs 5 per kg increase

The LPG marketing companies on Friday again increased the LPG price by Rs 5 per kg, Rs 60 per domestic cylinder and Rs 240 per commercial cylinder. According to Chairman, LPG Distributors Association, Irfan Khokhar, it was fourth increase in the prices of
Published 25 Jun, 2011 12:00am
Sindh government appoints retired officer as DG GHDA

Sindh government appoints retired officer as DG GHDA

Sindh Chief Minister, Syed Qaim Ali Shah has appointed a retired officer of Pakistan State Oil (PSO), Nazir Chakrani as Director General of Gorakh Hills Development Authority (GHDA), well informed sources told Business Recorder.
Published 25 Jun, 2011 12:00am
SCCI's doors open to all traders: Bilour

SCCI's doors open to all traders: Bilour

President, Sarhad Chamber of Commerce & Industry (SCCI), Usman Bashir Bilour has said that he had served the business community above the group politics, saying the doors of the chamber are opened for all traders and all possible measures have taken for t
Published 25 Jun, 2011 12:00am
Mepco terminates services of 1,100 employees

Mepco terminates services of 1,100 employees

Multan Electric Power Company (Mepco) has terminated the services of 1,100 employees, who were recruited on political ground some 18 months ago, overriding merit and other legal norms. This was officially stated here on Thursday. Sources said that Wapda/M
Published 25 Jun, 2011 12:00am
Prize distributing ceremony held at LCU

Prize distributing ceremony held at LCU

Irrespective of our religious, ethnic or political beliefs, we should work towards improving the environmental conditions for survival of everyone, said Rector Lahore City University Mansoor Faisal. He was addressing a prize distributing ceremony organise
Published 25 Jun, 2011 12:00am
Seminar on security challenges held

Seminar on security challenges held

A tri services training seminar on 'Threat and Security Challenges' was organised here at the Malir Garrison on Friday. An ISPR press release said that the Corps Commander, Lieutenant General Muhammad Zahir ul Islam, was the chief guest on the occasion.
Published 25 Jun, 2011 12:00am
Nawaz criticised for damaging Kashmir cause

Nawaz criticised for damaging Kashmir cause

Federal Minister for Information and Broadcasting, Dr Firdous Ashiq Awan on Friday strongly criticised PML-N Chief, Nawaz Sharif for undermining national interests and also damaging the Kashmir cause. Talking to the media the minister further said that th
Published 25 Jun, 2011 12:00am
Sniffer dogs to be used to ensure foolproof security

Sniffer dogs to be used to ensure foolproof security

Islamabad Police will use sniffer dogs to ensure foolproof security, hence the well-trained dogs are being deployed at entry and exit points of the Federal Capital, sources in Capital Police revealed to Business Recorder on Friday. Risk Control Str
Published 25 Jun, 2011 12:00am
Malaysian palm oil hits new seven-month low

Malaysian palm oil hits new seven-month low

Malaysian palm oil dropped to a seven-month low on Friday as expectations that a higher output cycle will lift stocks offset broad gains in agriculture markets. Palm oil is on course for a drop of more than 7.6 percent in June, its worst monthly performan
Published 25 Jun, 2011 12:00am
New York coffee and sugar recover

New York coffee and sugar recover

Sugar climbed to a higher close on Thursday after early selling prompted by lower crude oil and corn sparked short-cover buying. Short covering also sent coffee to a higher close, but gains in both coffee and sugar will need to be confirmed by continued b
Published 25 Jun, 2011 12:00am
Tokyo, Shanghai rubber rise

Tokyo, Shanghai rubber rise

Key Tokyo rubber futures settled higher on Friday helped by rises in Shanghai, but lingering economic uncertainty and increasing supply from Thailand dampened sentiment, with many watching to see if key support at 350 yen could be maintained. The key Toky
Published 25 Jun, 2011 12:00am
Brent crude falls two percent

Brent crude falls two percent

Brent crude prices fell 2 percent on Friday as Europe's debt problems and a dollar index rebound extended oil's decline a day after consuming nations announced they were tapping strategic reserves. Dropping 7 percent for the week, Brent's premium to US cr
Published 25 Jun, 2011 12:00am
Copper rises to one-week high

Copper rises to one-week high

Copper rose to a one-week high on Friday after better-than-expected economic data from the US and Greece's deal with international lenders lifted equity markets and risk appetite. Three-month copper on the London Metal Exchange closed up one percent at $9
Published 25 Jun, 2011 12:00am
Shanghai copper up

Shanghai copper up

Copper rose more than 1 percent on Friday on news that Greece has reached a deal with international lenders for a five-year austerity plan and industrialised countries had tapped oil reserves to stimulate global growth. The most-active September copper co
Published 25 Jun, 2011 12:00am
US copper lower

US copper lower

Copper ended down for a second straight day on Thursday as a strengthening dollar and heightened concerns about slowing global economic growth triggered a wave of risk aversion across the commodities complex. In New York, the key September COMEX contract
Published 25 Jun, 2011 12:00am
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