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Print - 2011-07-07
World Bank managing director screened for Nigerian cabinet position

World Bank managing director screened for Nigerian cabinet position

World Bank managing director Ngozi Okonjo-Iweala appeared before Nigeria's Senate on Wednesday to be screened by lawmakers for a possible position in President Goodluck Jonathan's new administration. Government sources have said Okonjo-Iweala, a respected
Published 07 Jul, 2011 12:00am
WTO calls on EU to phase out crisis state aid

WTO calls on EU to phase out crisis state aid

The World Trade Organisation called on Wednesday on the European Union to phase out state aid to the private sector during the financial crises, so as not to hinder long-term restructuring. In its review of Brussels' trade policies, the WTO said the extra
Published 07 Jul, 2011 12:00am
Taiwan inflation at highest level since 2008

Taiwan inflation at highest level since 2008

Taiwan said Wednesday inflation hit a two-and-a-half-year-high of 1.93 percent in June, on the back of higher fuel costs and a sharp rise in fruit prices after a health scandal. The year-on-year hike in the consumer price index - the highest since Novembe
Published 07 Jul, 2011 12:00am
Lagarde says will push on with IMF reforms

Lagarde says will push on with IMF reforms

New International Monetary Fund Managing Director Christine Lagarde pledged on Wednesday to push ahead with reforms to give fast-growing emerging markets greater sway at the global lender. At a news conference on her second day on the job, Lagarde said th
Published 07 Jul, 2011 12:00am
Republicans hammer Obama on debt talks eve

Republicans hammer Obama on debt talks eve

US President Barack Obama's Republican foes denounced his handling of cash-strapped Washington's debt woes Wednesday, on the eve of White House talks seeking a deal to avert an early August default. Republican Senate Minority Leader Mitch McConnell said t
Published 07 Jul, 2011 12:00am
ADB, Swiss Re boost Asian trade financing

ADB, Swiss Re boost Asian trade financing

The Asian Development Bank (ADB) and reinsurer Swiss Re announced an agreement Wednesday to boost regional trade by guaranteeing financing risks for exporters and importer in poor countries. The guarantee means banks can be more comfortable lending to the
Published 07 Jul, 2011 12:00am
Canada's building permits jump

Canada's building permits jump

The value of building permits issued in Canada in May soared 20.9 percent, nearly erasing the steep 21.5 percent plunge in April thanks to non-residential plans, according to Statistics Canada data on Wednesday. Market operators had forecast a much more m
Published 07 Jul, 2011 12:00am
Cyprus dismisses bailout

Cyprus dismisses bailout

Cyprus's finance minister on Wednesday dismissed suggestions the island may be a candidate for a bailout, saying its financing needs were minimal and had almost been met for the year. Financial website Stockwatch quoted Charilaos Stavrakis as saying Cypru
Published 07 Jul, 2011 12:00am
AirAsia plans to boost Airbus deal

AirAsia plans to boost Airbus deal

AirAsia has drawn up plans to buy an extra 100 Airbus A320neo jets, potentially taking its record-breaking order to 300, a source with direct knowledge of ongoing discussions said. Such a deal would make the Malaysia-based low-cost airline one of the worl
Published 07 Jul, 2011 12:00am
US services growth slows, but silver lining in jobs

US services growth slows, but silver lining in jobs

Growth in the US economy's vast services sector remained sluggish in June as new orders fell, but economists said a steady employment reading pointed to job growth later in the year. Wednesday's picture of labour market conditions in the Institute for Sup
Published 07 Jul, 2011 12:00am
Rates start moving higher on grain market

Rates start moving higher on grain market

Bullish sentiment was seen on the wholesale grain market on Wednesday in process of modest trading, dealers said. On the cereals side, masoor Canada was up by Rs 500 to Rs 6000 and masoor dal Canada followed the same pattern, gain Rs 1000 to Rs 7500, whea
Published 07 Jul, 2011 12:00am
HRW wheat bids steady to firmer

HRW wheat bids steady to firmer

Hard red winter wheat basis bids were steady to firmer on Wednesday amid active harvesting and rolling of bids to post against September futures. Harvest of the new US HRW wheat crop was 56 percent completed as of July 3, according to a government report
Published 07 Jul, 2011 12:00am
Cotton prices may dip below Rs 7,000 on high yield projections

Cotton prices may dip below Rs 7,000 on high yield projections

Prices fell further and may also touch an one-year old level if rates slide continues on the cotton market owing to good phutti arrivals, dealers said on Wednesday. The Karachi Cotton Association (KCA) official spot rate further was lowered after shedding
Published 07 Jul, 2011 12:00am
Oil cake market rates

Oil cake market rates

Minor change was witnessed on the forward cottonseed oilcake market on Wednesday. The July contract that had closed at Rs 1426.60 opened with 10 paisa loss at Rs 1426.50. The December vaida which ended at Rs 1315.00 no change in the opening session, they
Published 07 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 46,670 tonnes of cargo including 25,000 tonnes of import cargo, 21,670 tonnes of export cargo and 2,892 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 25,000 tonnes compr
Published 07 Jul, 2011 12:00am
Indonesia may import more rice to keep healthy stock levels

Indonesia may import more rice to keep healthy stock levels

Indonesia may import more rice this year to keep healthy stock levels after earlier saying it has enough of the food staple to avoid overseas purchases, and is awaiting a trade ministry permit to determine volumes, government officials said.
Published 07 Jul, 2011 12:00am
Vietnam to delay rice stockpile due to high prices

Vietnam to delay rice stockpile due to high prices

Vietnamese rice exporters will delay for an indefinite period an industry plan to buy 1 million tonnes of milled summer-autumn paddy for a three-month stockpile due to high prices, state-run newspapers cited industry officials as saying on Wednesday.
Published 07 Jul, 2011 12:00am
Nikkei rises to post-quake high

Nikkei rises to post-quake high

The Nikkei average rose to a post-quake high on Wednesday, gaining for a seventh session in its longest winning streak in two years, helped by continued buying by Asian and European investors and with worries fading about slower global growth.
Published 07 Jul, 2011 12:00am
German industry orders rise; foreign demand drops

German industry orders rise; foreign demand drops

German industry orders rose in May, due mainly to big-ticket domestic purchases, but foreign demand dropped in a fresh sign the pace of growth in Europe's largest economy is set to ease. Orders rose 1.8 percent on the month in May, the Economy Ministry sa
Published 07 Jul, 2011 12:00am
Indonesian strike disrupts work at US mining giant

Indonesian strike disrupts work at US mining giant

Production at a major mine run by US firm Freeport McMoRan in Indonesia's Papua region was disrupted Wednesday as a strike by thousands of workers demanding better wages entered a third day. More than 8,000 workers have been protesting outside the company
Published 07 Jul, 2011 12:00am
Australia lifts ban on live cattle exports to Indonesia

Australia lifts ban on live cattle exports to Indonesia

Australia's government removed a month-long ban on live cattle exports to neighbouring Indonesia on Wednesday, saying it was satisfied the A$320 million trade could resume after a furore over mistreatment of livestock. The minority government has been und
Published 07 Jul, 2011 12:00am
China raises rates, shrugs off slowing growth

China raises rates, shrugs off slowing growth

China raised interest rates for the third time this year on Wednesday, making clear that taming inflation remains a top priority even as the growth pace of its vast economy gently eases. The 25-basis-point increase in lending and deposit rates underscored
Published 07 Jul, 2011 12:00am
Dubai World sheds property arms; names new CFO, MD

Dubai World sheds property arms; names new CFO, MD

Indebted conglomerate Dubai World shifted ownership of its troubled property units Nakheel and Limitless to the government, concluding a complex restructuring process, it said on Wednesday. The state-owned flagship firm also named Andy Watson as managing
Published 07 Jul, 2011 12:00am
EU slams ratings agencies after Portugal downgraded

EU slams ratings agencies after Portugal downgraded

European politicians accused credit rating agencies on Wednesday of anti-European bias after Moody's downgrade of Portugal's debt to "junk" cast new doubt on EU efforts to rescue distressed eurozone states without debt restructuring. European Commission P
Published 07 Jul, 2011 12:00am
South East Asian markets: Malaysia hits all-time high

South East Asian markets: Malaysia hits all-time high

Most Southeast Asian bourses fell on Wednesday as renewed debt worries in the eurozone hurt sentiment, with the initial buying spree in Thai stocks after last weekend's election stalling as the market waited for the formation of a new government. The sell
Published 07 Jul, 2011 12:00am
Australian shares rise

Australian shares rise

Australian shares rose 0.2 on Wednesday, boosted by gains in miners on higher metal prices but dragged by losses in top banks on concern funding costs could rise, further pressuring profit margins. Top banks all declined after Moody's cut Portugal's ratin
Published 07 Jul, 2011 12:00am
Hong Kong, China shares lower

Hong Kong, China shares lower

Chinese banks dragged shares in Hong Kong and Shanghai below key technical support levels on Wednesday after Singapore state investor Temasek Holdings (Private) Ltd sold off a combined $3.6 billion stake in two of the China's top banks. More weakness may
Published 07 Jul, 2011 12:00am
Wednesday's early afternoon trade: Wall Street bounces off session highs

Wednesday's early afternoon trade: Wall Street bounces off session highs

US stocks bounced off session highs on Wednesday after investors shrugged off a downgrade of Portugal's credit rating and an interest-rate hike in China. Transports ranked among the top advancers as the Dow Jones Transportation Average rose 1.4 percent to
Published 07 Jul, 2011 12:00am
US stocks mostly flat

US stocks mostly flat

US stocks ended a thinly traded session mostly flat on Tuesday as investors paused after last week's surge, though continually light volume suggested the market could encounter more choppy trading. The Nasdaq closed higher for its sixth straight day, help
Published 07 Jul, 2011 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan stocks closed 0.46 percent higher on Wednesday, with smartphone maker HTC climbing 3.3 percent ahead of its second-quarter earnings due later in the afternoon. The main TAIEX index rose 40 points to 8,824.44, after opening flat. LCD makers and elec
Published 07 Jul, 2011 12:00am
Treasuries rise

Treasuries rise

New worries that the most severe elements of Europe's debt crisis are in danger of spreading, including Portugal's first ratings downgrade to junk, rekindled US Treasuries' safe-haven appeal and ended a five-day selloff. Prices rose early on fears a plan
Published 07 Jul, 2011 12:00am
Treasuries rise

Treasuries rise

New worries that the most severe elements of Europe's debt crisis are in danger of spreading, including Portugal's first ratings downgrade to junk, rekindled US Treasuries' safe-haven appeal and ended a five-day selloff. Prices rose early on fears a plan
Published 07 Jul, 2011 12:00am
Indian shares fall

Indian shares fall

Indian shares fell for the second consecutive session and ended down 0.1 percent in choppy trade on Wednesday, taking cues from global markets and as investors held back from taking major positions ahead of upcoming quarterly results. Financials led the l
Published 07 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
13 pilot sites selected for automation in national savings

13 pilot sites selected for automation in national savings

Central Directorate of National Savings (CDNS) has accomplished another hallmark of success to fully computerise their National Savings Branch Networks to facilitate the valued account holders. The 13 pilot sites in Karachi were selected for automation in
Published 07 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
'Businessmen, guards to carry weapons for safety'

'Businessmen, guards to carry weapons for safety'

Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Saeed Shafiq, in a press statement, informed the business and industrial community and law enforcing agencies that businessmen having arms license need no permission to carry weapons for t
Published 07 Jul, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
Silkbank launches Munafa Rozana savings account

Silkbank launches Munafa Rozana savings account

Silkbank has launched an innovative savings account that pays profit in cash on a daily basis. Named "Silkbank Munafa Rozana", the unique savings account offers a high rate of daily profit, with withdrawal flexibility and convenience. Customers get profit
Published 07 Jul, 2011 12:00am
India says no indication on sending Pakistan's judicial commission

India says no indication on sending Pakistan's judicial commission

Indian Home Minister P. Chidambaram Wednesday said there was no indication from Pakistan on sending its judicial commission for pursuing 26/11 Mumbai terror attack case. "There is no indication from Pakistan if and when their team would be visiting India.
Published 07 Jul, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
Energy crisis costs two percent of GDP annually

Energy crisis costs two percent of GDP annually

Poor policymaking was considered main cause of the prevailing energy crisis in Pakistan leading to an annual 2 percent of Gross Domestic Product loss, revealed a report on power sector.
Published 07 Jul, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (July 06, 2011) and for Thursday (July 07, 2011).
Published 07 Jul, 2011 12:00am
Pakistan to support Afghan reconciliation process: Hina

Pakistan to support Afghan reconciliation process: Hina

Minister of State for Foreign Affairs Hina Rabbani Khar on Wednesday said Pakistan would continue supporting an Afghan-led and Afghan-owned process of reconciliation in Afghanistan. The Minister of State was talking to Chief of the Defence Staff of United
Published 07 Jul, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
NUST scientists develop 'Blast Protection Material'

NUST scientists develop 'Blast Protection Material'

The young scientists of the National University of Science and Technology (NUST) Islamabad have developed Blast Protection Material having capacity to absorb shock and can be applied upon existing construction. The project was sponsored by the Higher Educ
Published 07 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 07 Jul, 2011 12:00am
Credit Suisse holds investment moot in London

Credit Suisse holds investment moot in London

Credit Suisse held its first conference in London bringing together investors and corporates from Indonesia, Malaysia, Pakistan and the Philippines, presenting the group as offering "compelling growth and valuation stories". Credit Suisse estimates that t
Published 07 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 07 Jul, 2011 12:00am
3,000 megawatts added to national grid in three years: Qamar

3,000 megawatts added to national grid in three years: Qamar

Minister for Water and Power, Syed Naveed Qamar said on Wednesday that 3000 megawatt of more power has been provided to national grid during last three years. According to a press release issued here, he said very hard work is being done to bridge the pow
Published 07 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
Pak-Turkey Naval exercise conducted

Pak-Turkey Naval exercise conducted

Pak-Turkish joint Naval exercise was conducted in the deep waters of the Arabian Sea. A press release of the Navy's Public Relations Directorate on Wednesday said the exercise dubbed `Deniz Aslan -II (Sea Lion)' was conducted on July 4 in two phases in wh
Published 07 Jul, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (July 06, 2011) and the forecast for Thursday (July 07, 2011).

Published 07 Jul, 2011 12:00am
Zawawi appointed Commissioner (Appeals) of SRB

Zawawi appointed Commissioner (Appeals) of SRB

Abid Zawawi has been appointed Commissioner (Appeals) of Sindh Revenue Board (SRB), Business Recorder learnt on Wednesday. Following the approval of the authorities, the appointment order of Abid Zawawi was issued on 6th July (Wednesday).
Published 07 Jul, 2011 12:00am
'HCCI making efforts for promotion of trade'

'HCCI making efforts for promotion of trade'

President Hyderabad Chamber of Commerce and Industry (HCCI) Gohar Ullah on Wednesday said that the chamber was making every effort for the promotion of trade in the country. Speaking at a press conference here, he briefed the participants about the role o
Published 07 Jul, 2011 12:00am
Japanese ambassador lauds efforts of BISP

Japanese ambassador lauds efforts of BISP

Though currently, going through a financial crunch as a result of devastating earthquake and subsequent Tsunami, Japan is committed to help Pakistan in the social sector, especially the efforts directed to curb the poverty. Hiroshi OE, Ambassador of Japan
Published 07 Jul, 2011 12:00am
Special steps taken for security of Chinese: Malik

Special steps taken for security of Chinese: Malik

Minister for Interior, Rehman Malik on Wednesday said Pakistan and China enjoy time-tested friendship as their mutual relations would bring stability and prosperity in the region. He was talking to Chinese Ambassador to Pakistan, Liu Jian, who called on t
Published 07 Jul, 2011 12:00am
Naghmi expected to hold an in-depth inquiry?

Naghmi expected to hold an in-depth inquiry?

Shafqat Naghmi, a grade-22 officer of District Management Group (DMG), charged with conducting an inquiry against the suspended Additional Director General (ADG), FIA, Zafar Qureshi, is, reportedly very close to Ayaz Niazi, the former Chairman of National
Published 07 Jul, 2011 12:00am
Sectarian elements in KU may trigger campus violence

Sectarian elements in KU may trigger campus violence

Sharp divisions among the students on sectarian grounds at the University of Karachi may trigger violence in the varsity, as the KU management is not taking the matter seriously, it was learnt on Wednesday. Sources said that some banned sectarian outfits
Published 07 Jul, 2011 12:00am
Youth's killing case: ATC directive to PPO Sindh

Youth's killing case: ATC directive to PPO Sindh

Anti-Terrorism Court-I Karachi on Wednesday directed Provincial Police Officer, Sindh, to ensure attendance of DIG Sultan Khawaja, who was appointed as Investigation Officer in youth's killing case, on each hearing without fail. Judge Bashir Ahmed Khoso a
Published 07 Jul, 2011 12:00am
JICA to assist GCT in construction of architecture department

JICA to assist GCT in construction of architecture department

The Exchange of Notes and a Grant Agreement for "the Project for Strengthening of DAE Mechanical and Architecture Departments in GCT Railway Road of Punjab Province" were signed on Wednesday between Government of Japan; Economic Affairs Division (EAD) of
Published 07 Jul, 2011 12:00am
JICA to assist GCT in construction of architecture department

JICA to assist GCT in construction of architecture department

The Exchange of Notes and a Grant Agreement for "the Project for Strengthening of DAE Mechanical and Architecture Departments in GCT Railway Road of Punjab Province" were signed on Wednesday between Government of Japan; Economic Affairs Division (EAD) of
Published 07 Jul, 2011 12:00am
Gas supply pipeline blown up

Gas supply pipeline blown up

The unknown men blew up natural gas supply pipeline in Pir Koh area of Dera Bugti on early Wednesday morning. "The unidentified armed men had planted explosive material with 16-inch diameter pipeline supplying natural gas to purification plant and detonat
Published 07 Jul, 2011 12:00am
Five caught using unfair means in exams

Five caught using unfair means in exams

Five students on Wednesday were caught red handed while using unfair means during the annual external examination of MA (Regular) and LLB (Regular) being held in University of Karachi. The vigilance committee seized their copies and lodged case of using u
Published 07 Jul, 2011 12:00am
Appointment of six additional judges of PHC recommended

Appointment of six additional judges of PHC recommended

The Judicial Commission of Pakistan in its meeting on Wednesday recommended appointment of six additional judges of the Peshawar High Court (PHC). Chief Justice of Pakistan, Iftikhar Muhammad Chaudhry presided over the meeting of the Commission, the highe
Published 07 Jul, 2011 12:00am
Former caretaker Prime Minister Mazari meets Nawaz

Former caretaker Prime Minister Mazari meets Nawaz

Former Caretaker Prime Minister Balkh Sher Mazari called on PML-N chief Nawaz Sharif at the latter's residence in Raiwind on Wednesday. Both the leaders discussed the prevailing political situation and the issues confronting the country at present. They a
Published 07 Jul, 2011 12:00am
China trustworthy friend: PTI

China trustworthy friend: PTI

The Pakistan Tahreek-e-Insaf (PTI) views friendship with China more prudent, and believes that the tie with the United State of America is not in the interests of Pakistan. PTI provincial leaders Ahsan Rashid and Dr Shahid Siddique Khan on Wednesday said
Published 07 Jul, 2011 12:00am
Etihad Airways launches a family promotion

Etihad Airways launches a family promotion

Etihad Airways, the national carrier of the United Arab Emirates, has launched a family promotion for travel during Ramazan whereby kids can fly to Abu Dhabi and stay in luxurious hotels for as little as US $1 (plus taxes). According to an Etihad Airways'
Published 07 Jul, 2011 12:00am
Geelani's book to be launched today

Geelani's book to be launched today

The book of veteran Kashmiri Hurriyet leader, Syed Ali Geelani `Wullar Kinaray' (Wullar banks) will be launched on Thursday (today) at a local hotel in Srinagar. The spokesman of the forum in statement issued in Srinagar said that Syed Ali Geelani had pen
Published 07 Jul, 2011 12:00am
Punjab government, Commonwealth Corporation to set up investment fund

Punjab government, Commonwealth Corporation to set up investment fund

Punjab government and Commonwealth Development Corporation have announced to set up an investment fund with the participation of different countries for the promotion of foreign investment in the province. This was decided in a meeting between Chief Minis
Published 07 Jul, 2011 12:00am
LHC seeks reply from Railways

LHC seeks reply from Railways

The Lahore High Court (LHC) here on Wednesday sought a comprehensive reply from Pakistan Railways (PR) in a petition of its employees for denying them a special project allowance as court had expressed its dissatisfaction over the earlier reply. The court
Published 07 Jul, 2011 12:00am
SHC restores licence of WISE Communication

SHC restores licence of WISE Communication

Sindh High Court (SHC) has restored the licence of WISE Communication (Pvt) Ltd and ordered PTA to open all the circuits of WISE communication immediately, says a press release received here on Wednesday. It must be informed that WISE Communications is re
Published 07 Jul, 2011 12:00am
Speakers seek restoration of local government system

Speakers seek restoration of local government system

The participants of a consultation on Wednesday unanimously demanded restoration of local government system in the country and holding local body elections on party basis. The consultation 'Voices of Stakeholders:
Published 07 Jul, 2011 12:00am
Minister visits Bahadarpur, Ghazipur centres

Minister visits Bahadarpur, Ghazipur centres

Provincial Minister for Food Chaudhry Abdul Ghafoor paid surprise visits to Ghazipur, Bahadarpur and Jalalpur Pirwala centres of Multan Division and expressed his dissatisfaction over performance of the staff present there. He personally checked the recor
Published 07 Jul, 2011 12:00am
Inquiry

Inquiry

The Lahore High Court Chief Justice (CJ) Ijaz Ahmad Chaudhry has directed district and sessions judge Mianwali Wamiq Javed to hold inquiry into the killing of two persons during protest against power outage in the district. It may be recalled that Punjab
Published 07 Jul, 2011 12:00am
Electricity production dips by 1,000 megawatts

Electricity production dips by 1,000 megawatts

The electricity production continues to fluctuate as it dipped by 1,000 MW widening the gap between generation and demand to 4,729 MW on Wednesday. According to a PEPCO spokesman, the total generation of its hydel, thermal, IPPs and RPPs has come down to
Published 07 Jul, 2011 12:00am
Fake sales tax invoices effectively checked: FBR

Fake sales tax invoices effectively checked: FBR

Directorate of Intelligence and Investigation, FBR claims it has made issuance/availability of fake sales tax invoices a risky business for fraudsters through effective monitoring, investigative audit and registering criminal cases against the tax fraudst
Published 07 Jul, 2011 12:00am
Rehman Al Saibi meets Nadeem Yousufzai

Rehman Al Saibi meets Nadeem Yousufzai

Mutawali of Khana Kaaba, Abdul Rehman Al Saibi called on Managing Director PIA, Nadeem Khan Yousufzai at PIA Head Office here on Wednesday. He was received and welcomed by Managing Director PIA. The Mutawali of Kaaba Shareef led the Namaz-e-Zuhr prayer at
Published 07 Jul, 2011 12:00am
Study tour of position holders a big success, says Khosa

Study tour of position holders a big success, says Khosa

Senior Advisor to Chief Minister, Sardar Zulfiqar Ali Khan Khosa has said that study tour of position holders has given them an opportunity to aware themselves of the latest research in different disciplines and plan their career in the light of observati
Published 07 Jul, 2011 12:00am
Birth rate blues

Birth rate blues

Pakistan often finds itself in the company of the wretched countries whenever a comparison is made to determine the nations' ranking at regional and global levels. According to "World Development Indicators 2011" released recently by the World Bank, popul
Published 07 Jul, 2011 12:00am
State entities to pay or suffer disconnection

State entities to pay or suffer disconnection

All electricity connections provided to state enterprises - be they federal, provincial or autonomous - would be treated as private connections and liable for disconnection if the bills remain unpaid. This was the outcome of a meeting between the federal
Published 07 Jul, 2011 12:00am
VIEWPOINT: Drop this draconian regulation

VIEWPOINT: Drop this draconian regulation

The government is all set to enforce a draconian law entitled "Regulation to Provide Actions in Aid of Civil Power in the Federally Administered Tribal Areas (FATA)". Both the federal cabinet and President Zardari are said to have approved the draft of th
Published 07 Jul, 2011 12:00am
Mongolia herder on mission to tackle mining firms

Mongolia herder on mission to tackle mining firms

The destruction of Mongolia's grasslands to access a wealth of mineral riches has sparked an anti-mining movement led by a nomadic herder who says force can be used to bring polluting firms to heel. Tsetsegee Munkhbayar is the head of Fire Nation, a small
Published 07 Jul, 2011 12:00am
Government, SECP and KSE

Government, SECP and KSE

After reading pages 14 to 16 of Business Recorder dated 2nd July, 2011, I have observed the following: Trading in "Client to Client and Member to Member" is about 479 million shares against normal "Ready Board" trading of just and just 30 million s
Published 07 Jul, 2011 12:00am
PPP's CEC to meet after President's return

PPP's CEC to meet after President's return

President Asif Ali Zardari on Wednesday convened party's central executive committee (CEC) after his return to the country, it is learnt. Sources told Business Recorder that the PPP's CEC would discuss the overall political situation of the county
Published 07 Jul, 2011 12:00am
KPT denies pilot boat operators' strike reports

KPT denies pilot boat operators' strike reports

The spokesman of Karachi Port Trust on Tuesday denied reports regarding strike of operators of pilot boats, saying that the vessels continued to arrive at the country's largest seaport without a halt. Some reports had emerged regarding strike of the opera
Published 07 Jul, 2011 12:00am
'Balochistan's problems to be solved at the earliest'

'Balochistan's problems to be solved at the earliest'

'Aghaaz-e-Haqoq-e-Balochistan' development package is reflective of the commitment and seriousness of the Federal Government towards resolving the problems of the Baloch people, said Rehman Malik, Federal Minister for Interior here on Wednesday.
Published 07 Jul, 2011 12:00am
PACRA assigns ratings to PLHC

PACRA assigns ratings to PLHC

PACRA has maintained the long-term and short-term ratings of PakLibya Holding Company (Pvt) Limited (PLHC) at "AA-" (Double A minus) and "A1+" (A one Plus), respectively. The rating of the Privately Placed Term Finance Certificate of PKR 750m is maintaine
Published 07 Jul, 2011 12:00am
PACRA assigns ratings to PLHC

PACRA assigns ratings to PLHC

PACRA has maintained the long-term and short-term ratings of PakLibya Holding Company (Pvt) Limited (PLHC) at "AA-" (Double A minus) and "A1+" (A one Plus), respectively. The rating of the Privately Placed Term Finance Certificate of PKR 750m is maintaine
Published 07 Jul, 2011 12:00am
JSIL announces over Rs 1.2 billion payout for fiscal year 2011

JSIL announces over Rs 1.2 billion payout for fiscal year 2011

JS Investments Limited (JSIL) has announced a total payout of Rs 1,272.8 million for FY11 in selected open-end funds managed by the company. The payout in open-end funds includes the final payouts of Rs 1,087.2 million and interim dividend payouts of Rs 1
Published 07 Jul, 2011 12:00am
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