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Print - 2011-07-09
Increase in sugar price unjust: ministry

Increase in sugar price unjust: ministry

The ministry of industries on Friday expressed concern over the rising sugar price, maintaining that the increase is not justified. Information collected by the government agencies leads to the conclusion that hoarders are raising prices ahead of Ramazan.
Published 09 Jul, 2011 12:00am
Politicians call for unity to face challenges

Politicians call for unity to face challenges

Leading political leaders of Pakistan on Thursday underscored the need for unity and oneness to surmount various challenges confronting the country. Speaking at a reception hosted in their honour by Pakistan High Commissioner to the UK Wajid Shamsul Hasan
Published 09 Jul, 2011 12:00am
Shipping in-out transportation resumed full scale

Shipping in-out transportation resumed full scale

The strike-breakers are said to have continued steering the foreign ships into the country's largest harbour on Friday, whereas Karachi Port Trust (KPT) claims it has reached an agreement with the masters of the pilot boats to end their strike the other n
Published 09 Jul, 2011 12:00am
Kharif crops: PPCBL provides Rs 1.57 billion agri loans

Kharif crops: PPCBL provides Rs 1.57 billion agri loans

Punjab Provincial Co-operative Bank Ltd provided Rs 1.5782 billion agriculture loans to 67,800 small farmers through 9,064 co-operative societies till 30th June 2011 for sowing and maturing Kharif crops including cotton, rice, sugarcane, maize and vegetab
Published 09 Jul, 2011 12:00am
Global HR Conference, Exposition: Zahid Mubarik represents Pakistan

Global HR Conference, Exposition: Zahid Mubarik represents Pakistan

Zahid Mubarik GPHR, Member Special Expertise Panel HR Measurement Metrics and Leader SHRM Forum Pakistan represented Pakistan in 63rd Annual Global HR Conference and Exposition held at Las Vegas, United States, from 26-29 June 2011. A total of 13,000 HR p
Published 09 Jul, 2011 12:00am
Tributes paid to Munir Niazi

Tributes paid to Munir Niazi

South Asia Free Media Association (SAFMA) on Friday organised a programme in connection with death anniversary of poet Munir Niazi to pay glowing tributes to him for his great contribution to Urdu and Punjabi poetry. Allama Siddiq Azhar, Anjum Rashid, Sug
Published 09 Jul, 2011 12:00am
Japan to provide additional $50 million for polio eradication

Japan to provide additional $50 million for polio eradication

Japan will provide additional 50 million dollars to Pakistan for the polio eradication programme. This was stated by Japanese ambassador Hiroshi Oe in his meeting with Prime Minister Syed Yousuf Raza Gilani at PM House here. Prime Minister Gilani thanked
Published 09 Jul, 2011 12:00am
Former employee of TAAP held; 5,634 passports recovered

Former employee of TAAP held; 5,634 passports recovered

Sindh police on Friday claimed to have arrested an ex-employee of Travel Agents Association of Pakistan (TAAP) along with his four other accomplices and recovered all 5,634 stolen passports from his possession. According to the police, they have arrested
Published 09 Jul, 2011 12:00am
US-Pakistan relationship not perfect but vital: White House

US-Pakistan relationship not perfect but vital: White House

The White House has said that Pakistan continues to be an important US partner in the fight against al Qaeda, and the relationship between the two countries may not be perfect but it is vital to security efforts in the region. "Our relationship with Pakis
Published 09 Jul, 2011 12:00am
LHC orders IO in NICL case to appear on July 13

LHC orders IO in NICL case to appear on July 13

The Lahore High Court directed investigation officer in NICL case to appear before the court on July 13 in a petition filed by Habibullah Warriach the main accused in NICL scam. Habibullah approached the court with request to direct the interior ministry
Published 09 Jul, 2011 12:00am
PWF grieved over Karachi killings

PWF grieved over Karachi killings

Pakistan Workers Federation has expressed grief and sorrow over the latest wave of ethnic killings in Karachi and said it was having devastating effects on the economy of the country. Pakistan Workers Federation held an emergent meeting here on Friday whi
Published 09 Jul, 2011 12:00am
Robbery, abduction charges: Babar Awan acquitted

Robbery, abduction charges: Babar Awan acquitted

Former Federal Minister for Law Dr Babar Awan was acquitted on Friday of robbery and abduction charges due to insufficient. Civil Judge Rai Mohammad Khan gave a verdict observing that the respondent failed to produce sufficient material against Babar Awan
Published 09 Jul, 2011 12:00am
PCRET to install 368 biogas plants in rural areas

PCRET to install 368 biogas plants in rural areas

Pakistan Council of Renewable Energy Technologies (PCRET) will install 368 biogas plants in different rural areas by the June 2012 under the project "Development and Promotion of Biogas Technology for meeting domestic fuel needs of rural areas and product
Published 09 Jul, 2011 12:00am
Increase in sugar price unjust: ministry

Increase in sugar price unjust: ministry

The ministry of industries on Friday expressed concern over the rising sugar price, maintaining that the increase is not justified. Information collected by the government agencies leads to the conclusion that hoarders are raising prices ahead of Ramazan.
Published 09 Jul, 2011 12:00am
Increase in sugar price unjust: ministry

Increase in sugar price unjust: ministry

The ministry of industries on Friday expressed concern over the rising sugar price, maintaining that the increase is not justified. Information collected by the government agencies leads to the conclusion that hoarders are raising prices ahead of Ramazan.
Published 09 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 08, 2011).

Published 09 Jul, 2011 12:00am
The Weather

The Weather

The weather report on Friday (July 08, 2011) and the forecast for Saturday (July 09, 2011).

Published 09 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 09 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 09 Jul, 2011 12:00am
Pakistani couple sues American Airlines over threat hoax

Pakistani couple sues American Airlines over threat hoax

A Pakistani couple is suing American Airlines after they were escorted off a plane in handcuffs based on a telephone hijacking threat that turned out to be a hoax. The lawsuit, transferred to federal court on Tuesday, also names the San Francisco Police d
Published 09 Jul, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (July 08, 2011).

Published 09 Jul, 2011 12:00am
Pakistani couple sues American Airlines over threat hoax

Pakistani couple sues American Airlines over threat hoax

A Pakistani couple is suing American Airlines after they were escorted off a plane in handcuffs based on a telephone hijacking threat that turned out to be a hoax. The lawsuit, transferred to federal court on Tuesday, also names the San Francisco Police d
Published 09 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 Friday (July 08, 2011).

Published 09 Jul, 2011 12:00am
Sudan recognises Republic of South Sudan: minister

Sudan recognises Republic of South Sudan: minister

Sudan on Friday announced its official recognition of the new Republic of South Sudan a day before its southern neighbour becomes the world's newest nation. "The Republic of Sudan announces that it recognises the Republic of South Sudan as an independent
Published 09 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 08, 2011).

Published 09 Jul, 2011 12:00am
Sudan recognises Republic of South Sudan: minister

Sudan recognises Republic of South Sudan: minister

Sudan on Friday announced its official recognition of the new Republic of South Sudan a day before its southern neighbour becomes the world's newest nation. "The Republic of Sudan announces that it recognises the Republic of South Sudan as an independent
Published 09 Jul, 2011 12:00am
KARACHI CHRONICLE: Homage hypocrisy

KARACHI CHRONICLE: Homage hypocrisy

Last Saturday, a fund-raising programme titled a "Tribute to Mehdi Hassan" brought together many amateur and professional artistes and music lovers from across the country at the open-air theatre of the Arts Council. The tribute in song was fine but the b
Published 09 Jul, 2011 12:00am
Art Facts: Jamil Naqsh: A retrospective

Art Facts: Jamil Naqsh: A retrospective

Good news for the art lovers who wants to be privileged by viewing some of the finest pieces by master Jamil Naqsh an exhibition entitled 'A Retrospective' at Albemarle Gallery, London is inaugurated at 1st July and will continue till 23rd July, 2011. The
Published 09 Jul, 2011 12:00am
Bumpy and pulpy Leechi fruit

Bumpy and pulpy Leechi fruit

As the summer season comes, the clusters of lychees make their emergence on fruit carts. These days the deluxe fruit is enhancing the beauty of fruit supermarkets with the selling price as high as 200 to 300 RS per kilo. The Strawberry shaped fruit compri
Published 09 Jul, 2011 12:00am
BOOK REVIEWS: Sugar industry in SAARC countries

BOOK REVIEWS: Sugar industry in SAARC countries

First of all the glaring drawback in any serious study, analysis is the absence of the reliable data. It has been acknowledged that the statics available in any field are not reliable be it the production figure and other aspects of marketing, exports and
Published 09 Jul, 2011 12:00am
BRIDGE NOTES: Timing to perfection

BRIDGE NOTES: Timing to perfection

Of all dummy plays, it is said that the no trump contracts are often the more difficult to execute, the simple reason being that in no trump contracts, the defender on the opening lead can beat you to the race in the establishment of a particular suit to
Published 09 Jul, 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 09 Jul, 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 09 Jul, 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 Friday (July 08, 2011).

Published 09 Jul, 2011 12:00am
Commissionerate system to be revived

Commissionerate system to be revived

In a meeting held at the Presidency on Friday to review the situation in Karachi, it was decided that the Sindh government will urgently revive commissionerate system in Karachi and also take steps to make suitable amendments in laws relating to the local
Published 09 Jul, 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 Friday (July 08, 2011).

Published 09 Jul, 2011 12:00am
Commissionerate system to be revived

Commissionerate system to be revived

In a meeting held at the Presidency on Friday to review the situation in Karachi, it was decided that the Sindh government will urgently revive commissionerate system in Karachi and also take steps to make suitable amendments in laws relating to the local
Published 09 Jul, 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 Friday (July 08, 2011).

Published 09 Jul, 2011 12:00am
'Wassan new home minister'

'Wassan new home minister'

A high level meeting chaired by President Asif Ali Zardari and Prime Minister Gilani has decided that Manzoor Wassan would be the new Home Minister Sindh, a private TV channel reported Friday. The meeting decided that Sindh Minister for Works and Services
Published 09 Jul, 2011 12:00am
'Wassan new home minister'

'Wassan new home minister'

A high level meeting chaired by President Asif Ali Zardari and Prime Minister Gilani has decided that Manzoor Wassan would be the new Home Minister Sindh, a private TV channel reported Friday. The meeting decided that Sindh Minister for Works and Services
Published 09 Jul, 2011 12:00am
Markets to open today

Markets to open today

The Chairman of All Karachi Tajir Ittehad (AKTI), Muhammad Atiq, on Friday announced that the city's all trade centres would resume business activities on Saturday. He said the continued closures of businesses had had severely negative impact on the daily
Published 09 Jul, 2011 12:00am
Markets to open today

Markets to open today

The Chairman of All Karachi Tajir Ittehad (AKTI), Muhammad Atiq, on Friday announced that the city's all trade centres would resume business activities on Saturday. He said the continued closures of businesses had had severely negative impact on the daily
Published 09 Jul, 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 Friday (July 08, 2011).

Published 09 Jul, 2011 12:00am
Markets to open today

Markets to open today

The Chairman of All Karachi Tajir Ittehad (AKTI), Muhammad Atiq, on Friday announced that the city''s all trade centres would resume business activities on Saturday. He said the continued closures of businesses had had severely negative impact on the dail
Published 09 Jul, 2011 12:00am
All units in five industrial estates remain closed

All units in five industrial estates remain closed

Almost all industrial units in all the five industrial estates of the city remained closed on Friday as workers failed to reach their work places owing to increasing incidents of violence and 'mourning day' announced by MQM. Public transport remained off
Published 09 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (July 08, 2011).
Published 09 Jul, 2011 12:00am
All units in five industrial estates remain closed

All units in five industrial estates remain closed

Almost all industrial units in all the five industrial estates of the city remained closed on Friday as workers failed to reach their work places owing to increasing incidents of violence and 'mourning day' announced by MQM. Public transport remained off
Published 09 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 08, 2011).

Published 09 Jul, 2011 12:00am
All units in five industrial estates remain closed

All units in five industrial estates remain closed

Almost all industrial units in all the five industrial estates of the city remained closed on Friday as workers failed to reach their work places owing to increasing incidents of violence and ''mourning day'' announced by MQM. Public transport remained of
Published 09 Jul, 2011 12:00am
Reconciliation politics to be pursued in AJK: Prime Minister

Reconciliation politics to be pursued in AJK: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Friday the co-operation and reconciliatory politics will be pursued in Azad Jammu and Kashmir in the post election period as well. He directed that all his announcements made during visit to Neelum Valley last yea
Published 09 Jul, 2011 12:00am
Parts of Karachi to be handed over to Rangers: Malik

Parts of Karachi to be handed over to Rangers: Malik

Interior Minister Rehman Malik on Friday said that the law enforcing agencies had arrested 173 suspected persons and killed two alleged assailants in an encounter during an operation in the city. He was talking to media after attending a high-level meetin
Published 09 Jul, 2011 12:00am
Parts of Karachi to be handed over to Rangers: Malik

Parts of Karachi to be handed over to Rangers: Malik

Interior Minister Rehman Malik on Friday said that the law enforcing agencies had arrested 173 suspected persons and killed two alleged assailants in an encounter during an operation in the city. He was talking to media after attending a high-level meetin
Published 09 Jul, 2011 12:00am
US voices concern over violence

US voices concern over violence

The United States on Friday voiced its "deep concern" over the situation in Karachi and urged all parties to refrain from further violence, and work towards a peaceful resolution of differences. A statement of Ambassador Cameron Munter issued from the US
Published 09 Jul, 2011 12:00am
US voices concern over violence

US voices concern over violence

The United States on Friday voiced its "deep concern" over the situation in Karachi and urged all parties to refrain from further violence, and work towards a peaceful resolution of differences. A statement of Ambassador Cameron Munter issued from the US
Published 09 Jul, 2011 12:00am
Death toll crosses 95

Death toll crosses 95

Although Interior Minister Rehman Malik has claimed to have taken stern measures to maintain peace in the city, there has been no respite in ongoing spate of bloodshed that claimed 24 more lives on Friday, taking the death toll to over 95 during the last
Published 09 Jul, 2011 12:00am
Death toll crosses 95

Death toll crosses 95

Although Interior Minister Rehman Malik has claimed to have taken stern measures to maintain peace in the city, there has been no respite in ongoing spate of bloodshed that claimed 24 more lives on Friday, taking the death toll to over 95 during the last
Published 09 Jul, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (July 08, 2011).

Published 09 Jul, 2011 12:00am
British Prime Minister's former aide arrested over tabloid scandal

British Prime Minister's former aide arrested over tabloid scandal

British police arrested Prime Minister David Cameron's former media chief Friday over phone hacking at the News of the World as the scandal at the doomed tabloid threatened to engulf Downing Street. The arrest of Andy Coulson came shortly after Cameron to
Published 09 Jul, 2011 12:00am
British Prime Minister's former aide arrested over tabloid scandal

British Prime Minister's former aide arrested over tabloid scandal

British police arrested Prime Minister David Cameron's former media chief Friday over phone hacking at the News of the World as the scandal at the doomed tabloid threatened to engulf Downing Street. The arrest of Andy Coulson came shortly after Cameron to
Published 09 Jul, 2011 12:00am
Germany ratifies new BIT

Germany ratifies new BIT

Germany has ratified new Bilateral Investment Treaty with Pakistan after obtaining the consent of the Parliament in Berlin, says a press release received here on Friday. The modern version of Bilateral Investment Treaty was signed on December 1, 2009, in
Published 09 Jul, 2011 12:00am
Germany ratifies new BIT

Germany ratifies new BIT

Germany has ratified new Bilateral Investment Treaty with Pakistan after obtaining the consent of the Parliament in Berlin, says a press release received here on Friday. The modern version of Bilateral Investment Treaty was signed on December 1, 2009, in
Published 09 Jul, 2011 12:00am
Germany ratifies new BIT

Germany ratifies new BIT

Germany has ratified new Bilateral Investment Treaty with Pakistan after obtaining the consent of the Parliament in Berlin, says a press release received here on Friday. The modern version of Bilateral Investment Treaty was signed on December 1, 2009, in
Published 09 Jul, 2011 12:00am
Vehicles imported as scrap: EDB asks provinces to stop registration

Vehicles imported as scrap: EDB asks provinces to stop registration

The Engineering Development Board (EDB) has urged the provincial governments to halt registration of vehicles which are being imported as scrap but are running on the roads, official sources told Business Recorder. They said that the issue was rais
Published 09 Jul, 2011 12:00am
Vehicles imported as scrap: EDB asks provinces to stop registration

Vehicles imported as scrap: EDB asks provinces to stop registration

The Engineering Development Board (EDB) has urged the provincial governments to halt registration of vehicles which are being imported as scrap but are running on the roads, official sources told Business Recorder. They said that the issue was rais
Published 09 Jul, 2011 12:00am
Vehicles imported as scrap: EDB asks provinces to stop registration

Vehicles imported as scrap: EDB asks provinces to stop registration

The Engineering Development Board (EDB) has urged the provincial governments to halt registration of vehicles which are being imported as scrap but are running on the roads, official sources told Business Recorder. They said that the issue was rais
Published 09 Jul, 2011 12:00am
Remittances up by 22 percent in 2010-11: National Assembly body told

Remittances up by 22 percent in 2010-11: National Assembly body told

Remittances from overseas workers increased by 25 percent in 2010-11, while foreign private investment went down by 30 percent due to poor law and order situation. The was stated in a meeting of National Assembly standing committee on economic affairs and
Published 09 Jul, 2011 12:00am
Remittances up by 22 percent in 2010-11: National Assembly body told

Remittances up by 22 percent in 2010-11: National Assembly body told

Remittances from overseas workers increased by 25 percent in 2010-11, while foreign private investment went down by 30 percent due to poor law and order situation. The was stated in a meeting of National Assembly standing committee on economic affairs and
Published 09 Jul, 2011 12:00am
Remittances up by 22 percent in 2010-11: National Assembly body told

Remittances up by 22 percent in 2010-11: National Assembly body told

Remittances from overseas workers increased by 25 percent in 2010-11, while foreign private investment went down by 30 percent due to poor law and order situation. The was stated in a meeting of National Assembly standing committee on economic affairs and
Published 09 Jul, 2011 12:00am
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