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Print - 2011-07-10
High treason act: LHC moved against Musharraf

High treason act: LHC moved against Musharraf

A member bar has approached the Lahore High Court against former president General (retired) Pervez Musharraf praying to convict him under high treason act. The petitioner Rana Ilamuddin Ghazi through his counsel A.K Dogar stated that a 14-member bench of
Published 10 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Fiscal year 2011 external financing: EAD yet to compile data

Fiscal year 2011 external financing: EAD yet to compile data

The Economic Affairs Division (EAD) has yet to compile data on total external financing in FY11, 10 days after the year ended. A senior official of the EAD, on condition of anonymity said, "it will take another 10-15 days to compile the data on the extern
Published 10 Jul, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (July 09, 2011) and the forecast for Sunday (July 10, 2011).

Published 10 Jul, 2011 12:00am
Saleem Shahzad case: commission given data of cellphone calls

Saleem Shahzad case: commission given data of cellphone calls

The Saleem Shahzad murder commission was provided complete data of cellphone calls of the slain journalist whereas the cyber wing of the FIA was directed to produce email record of the deceased in a week. Similarly, National Highways Authority was asked t
Published 10 Jul, 2011 12:00am
Saleem Shahzad case: commission given data of cellphone calls

Saleem Shahzad case: commission given data of cellphone calls

The Saleem Shahzad murder commission was provided complete data of cellphone calls of the slain journalist whereas the cyber wing of the FIA was directed to produce email record of the deceased in a week. Similarly, National Highways Authority was asked t
Published 10 Jul, 2011 12:00am
Journalists' protection bill submitted to Senate

Journalists' protection bill submitted to Senate

A private members bill seeking legislation for the protection and welfare of journalists has been submitted to the Upper House of Parliament. The eight-page "Journalists' Protection and Welfare Bill 2011," was submitted to the Senate on Saturday with sign
Published 10 Jul, 2011 12:00am
Journalists' protection bill submitted to Senate

Journalists' protection bill submitted to Senate

A private members bill seeking legislation for the protection and welfare of journalists has been submitted to the Upper House of Parliament. The eight-page "Journalists' Protection and Welfare Bill 2011," was submitted to the Senate on Saturday with sign
Published 10 Jul, 2011 12:00am
SPI inflation swells to 16.65 percent

SPI inflation swells to 16.65 percent

The SPI inflation swelled to 16.65 percent in the first week of current fiscal year on July 7 over the same period of last year following considerable increase in the prices of essential commodities in the wake of the budget. Official Sensitive Price Indi
Published 10 Jul, 2011 12:00am
SPI inflation swells to 16.65 percent

SPI inflation swells to 16.65 percent

The SPI inflation swelled to 16.65 percent in the first week of current fiscal year on July 7 over the same period of last year following considerable increase in the prices of essential commodities in the wake of the budget. Official Sensitive Price Indi
Published 10 Jul, 2011 12:00am
SPI inflation swells to 16.65 percent

SPI inflation swells to 16.65 percent

The SPI inflation swelled to 16.65 percent in the first week of current fiscal year on July 7 over the same period of last year following considerable increase in the prices of essential commodities in the wake of the budget. Official Sensitive Price Indi
Published 10 Jul, 2011 12:00am
Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Federal Board of Revenue Chairman Salman Siddiq on Saturday gave assurance to the value added sector that its problems will be addressed in the upcoming meeting of the Revenue Advisory Council, on July 12, 2011. He was talking to media after meeting with
Published 10 Jul, 2011 12:00am
Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Federal Board of Revenue Chairman Salman Siddiq on Saturday gave assurance to the value added sector that its problems will be addressed in the upcoming meeting of the Revenue Advisory Council, on July 12, 2011. He was talking to media after meeting with
Published 10 Jul, 2011 12:00am
Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Federal Board of Revenue Chairman Salman Siddiq on Saturday gave assurance to the value added sector that its problems will be addressed in the upcoming meeting of the Revenue Advisory Council, on July 12, 2011. He was talking to media after meeting with
Published 10 Jul, 2011 12:00am
FBR frames new IT policy

FBR frames new IT policy

The Federal Board of Revenue (FBR) has framed a new IT policy under which Core Business Domain Team (CBDT) has been established to take decisions on putting in place modern and visionary tax related IT systems for e-integration of sales tax, federal excis
Published 10 Jul, 2011 12:00am
FBR frames new IT policy

FBR frames new IT policy

The Federal Board of Revenue (FBR) has framed a new IT policy under which Core Business Domain Team (CBDT) has been established to take decisions on putting in place modern and visionary tax related IT systems for e-integration of sales tax, federal excis
Published 10 Jul, 2011 12:00am
FBR frames new IT policy

FBR frames new IT policy

The Federal Board of Revenue (FBR) has framed a new IT policy under which Core Business Domain Team (CBDT) has been established to take decisions on putting in place modern and visionary tax related IT systems for e-integration of sales tax, federal excis
Published 10 Jul, 2011 12:00am
Remittances cross $11 billion mark for the first time

Remittances cross $11 billion mark for the first time

The remittances sent home by overseas Pakistani workers crossed the $11 billion mark for the first time in the country's history during the last fiscal year (2010-11). They remitted a record amount of $11,200.97 million during last fiscal year that ended
Published 10 Jul, 2011 12:00am
Remittances cross $11 billion mark for the first time

Remittances cross $11 billion mark for the first time

The remittances sent home by overseas Pakistani workers crossed the $11 billion mark for the first time in the country's history during the last fiscal year (2010-11). They remitted a record amount of $11,200.97 million during last fiscal year that ended
Published 10 Jul, 2011 12:00am
Remittances cross $11 billion mark for the first time

Remittances cross $11 billion mark for the first time

The remittances sent home by overseas Pakistani workers crossed the $11 billion mark for the first time in the country''s history during the last fiscal year (2010-11). They remitted a record amount of $11,200.97 million during last fiscal year that ended
Published 10 Jul, 2011 12:00am
FBR chart confirms Rs 1590 billion collection

FBR chart confirms Rs 1590 billion collection

The Federal Board of Revenue (FBR) has released official chart of the provisional revenue collection here on Saturday, confirming the record collection of Rs 1590 billion during 2010-11 against the target of Rs 1588 billion, reflecting an increase of over
Published 10 Jul, 2011 12:00am
FBR chart confirms Rs 1590 billion collection

FBR chart confirms Rs 1590 billion collection

The Federal Board of Revenue (FBR) has released official chart of the provisional revenue collection here on Saturday, confirming the record collection of Rs 1590 billion during 2010-11 against the target of Rs 1588 billion, reflecting an increase of over
Published 10 Jul, 2011 12:00am
FBR chart confirms Rs 1590 billion collection

FBR chart confirms Rs 1590 billion collection

The Federal Board of Revenue (FBR) has released official chart of the provisional revenue collection here on Saturday, confirming the record collection of Rs 1590 billion during 2010-11 against the target of Rs 1588 billion, reflecting an increase of over
Published 10 Jul, 2011 12:00am
Army may be called out if need be: Nawaz

Army may be called out if need be: Nawaz

Nawaz Sharif has expressed grave concern over situation in Karachi and said that if the situation demands calling of army for maintenance of law & order there, the army should perform duty under the control of an elected government. He said this while tal
Published 10 Jul, 2011 12:00am
Army may be called out if need be: Nawaz

Army may be called out if need be: Nawaz

Nawaz Sharif has expressed grave concern over situation in Karachi and said that if the situation demands calling of army for maintenance of law & order there, the army should perform duty under the control of an elected government. He said this while tal
Published 10 Jul, 2011 12:00am
Rangers gain control over troubled spots

Rangers gain control over troubled spots

Rangers regained control Saturday over trouble spots, here on Saturday, where five days of political and ethnic violence killed at least 93 people and forced many to stay at home in fear, an official said. The latest spell of violence is extraordinary eve
Published 10 Jul, 2011 12:00am
Rangers gain control over troubled spots

Rangers gain control over troubled spots

Rangers regained control Saturday over trouble spots, here on Saturday, where five days of political and ethnic violence killed at least 93 people and forced many to stay at home in fear, an official said. The latest spell of violence is extraordinary eve
Published 10 Jul, 2011 12:00am
PML-F joins Sindh government

PML-F joins Sindh government

Pakistan Muslim League-Functional (PML-F) decided on Saturday to join treasury benches in the Sindh Assembly. Sindh Chief Minister Qaim Ali Shah welcomed the PML-F's decisions and thanked party Chief Pir Pagara, a private TV news channel reported. Earlier
Published 10 Jul, 2011 12:00am
PML-F joins Sindh government

PML-F joins Sindh government

Pakistan Muslim League-Functional (PML-F) decided on Saturday to join treasury benches in the Sindh Assembly. Sindh Chief Minister Qaim Ali Shah welcomed the PML-F's decisions and thanked party Chief Pir Pagara, a private TV news channel reported. Earlier
Published 10 Jul, 2011 12:00am
Chinese key businessman accepts Chairmanship of KASB Bank

Chinese key businessman accepts Chairmanship of KASB Bank

A prominent businessman of China will become Chairman of KASB Bank Ltd, after approval from State Bank of Pakistan, and he has promised for more investment in various sectors of economy. This was stated here on Saturday by the Executive Vice-President, Na
Published 10 Jul, 2011 12:00am
Chinese key businessman accepts Chairmanship of KASB Bank

Chinese key businessman accepts Chairmanship of KASB Bank

A prominent businessman of China will become Chairman of KASB Bank Ltd, after approval from State Bank of Pakistan, and he has promised for more investment in various sectors of economy. This was stated here on Saturday by the Executive Vice-President, Na
Published 10 Jul, 2011 12:00am
Chinese key businessman accepts Chairmanship of KASB Bank

Chinese key businessman accepts Chairmanship of KASB Bank

A prominent businessman of China will become Chairman of KASB Bank Ltd, after approval from State Bank of Pakistan, and he has promised for more investment in various sectors of economy. This was stated here on Saturday by the Executive Vice-President, Na
Published 10 Jul, 2011 12:00am
Tribunal report on Kharotabad incident endorses FC's stance

Tribunal report on Kharotabad incident endorses FC's stance

The recommendations of the tribunal report would be implemented in letter and spirit. Report has suggested that all five foreigners who were killed by the security forces were terrorists. In a handout issued here on Saturday, the spokesman of Frontier Cor
Published 10 Jul, 2011 12:00am
Tribunal report on Kharotabad incident endorses FC's stance

Tribunal report on Kharotabad incident endorses FC's stance

The recommendations of the tribunal report would be implemented in letter and spirit. Report has suggested that all five foreigners who were killed by the security forces were terrorists. In a handout issued here on Saturday, the spokesman of Frontier Cor
Published 10 Jul, 2011 12:00am
Mullen must produce evidence: Prime Minister

Mullen must produce evidence: Prime Minister

Prime Minister Yusuf Raza Gilani meeting a delegation of Lahore Press Club led by its President Sarmad Bashir on Saturday said, "if the government was removed in a constitutional way, they would sit in opposition and serve the nation and the country."
Published 10 Jul, 2011 12:00am
Mullen must produce evidence: Prime Minister

Mullen must produce evidence: Prime Minister

Prime Minister Yusuf Raza Gilani meeting a delegation of Lahore Press Club led by its President Sarmad Bashir on Saturday said, "if the government was removed in a constitutional way, they would sit in opposition and serve the nation and the country."
Published 10 Jul, 2011 12:00am
Zulfiqar Mirza to be senior minister

Zulfiqar Mirza to be senior minister

Dr Zulfiqar Mirza and Pir Mazhar ul Haq will work as the senior ministers in the Sindh cabinet. This was announced in an official statement issued here on Saturday. The press spokesman of the Sindh Chief Minister has denied reports aired by some of the el
Published 10 Jul, 2011 12:00am
Zulfiqar Mirza to be senior minister

Zulfiqar Mirza to be senior minister

Dr Zulfiqar Mirza and Pir Mazhar ul Haq will work as the senior ministers in the Sindh cabinet. This was announced in an official statement issued here on Saturday. The press spokesman of the Sindh Chief Minister has denied reports aired by some of the el
Published 10 Jul, 2011 12:00am
IMF approves 3.2 billion euro loan tranche for Greece

IMF approves 3.2 billion euro loan tranche for Greece

The International Monetary Fund's executive board on Friday approved a disbursement of about 3.2 billion euros to help Greece pay debts due this month and return to positive economic growth in 2012. In announcing the payment, part of a 110 billion euro IM
Published 10 Jul, 2011 12:00am
IMF approves 3.2 billion euro loan tranche for Greece

IMF approves 3.2 billion euro loan tranche for Greece

The International Monetary Fund's executive board on Friday approved a disbursement of about 3.2 billion euros to help Greece pay debts due this month and return to positive economic growth in 2012. In announcing the payment, part of a 110 billion euro IM
Published 10 Jul, 2011 12:00am
IMF approves 3.2 billion euro loan tranche for Greece

IMF approves 3.2 billion euro loan tranche for Greece

The International Monetary Fund''s executive board on Friday approved a disbursement of about 3.2 billion euros to help Greece pay debts due this month and return to positive economic growth in 2012. In announcing the payment, part of a 110 billion euro I
Published 10 Jul, 2011 12:00am
Militants kill six, attack Nato tanker

Militants kill six, attack Nato tanker

At least five people were killed when militants fired on two vehicles in Jawakai tribal area, some 50 kilometres (30 miles) east of Peshawar on Saturday, while the driver of a Nato oil tanker was shot dead in the south-west, officials said. Five people di
Published 10 Jul, 2011 12:00am
Unofficial results: PPP's Rehman Jamali wins PB-26 by-poll

Unofficial results: PPP's Rehman Jamali wins PB-26 by-poll

Abdul Rehman Jamali of Pakistan Peoples Party on Saturday won the by-election of PB-26, Jaffarabad, Balochistan, according to unofficial results, Aaj News reported. The channel said Abdul Rehman secured 21,900 votes while his opponent Muhammad Naee
Published 10 Jul, 2011 12:00am
Unofficial results: PPP's Rehman Jamali wins PB-26 by-poll

Unofficial results: PPP's Rehman Jamali wins PB-26 by-poll

Abdul Rehman Jamali of Pakistan Peoples Party on Saturday won the by-election of PB-26, Jaffarabad, Balochistan, according to unofficial results, Aaj News reported. The channel said Abdul Rehman secured 21,900 votes while his opponent Muhammad Naee
Published 10 Jul, 2011 12:00am
South Sudan becomes world's newest nation

South Sudan becomes world's newest nation

Celebrations erupted across Juba as South Sudan proclaimed its independence as the world's newest nation state on Saturday turning the page on five decades of conflict with the north. At a ceremony attended by a host of international dignitaries, the spea
Published 10 Jul, 2011 12:00am
South Sudan becomes world's newest nation

South Sudan becomes world's newest nation

Celebrations erupted across Juba as South Sudan proclaimed its independence as the world's newest nation state on Saturday turning the page on five decades of conflict with the north. At a ceremony attended by a host of international dignitaries, the spea
Published 10 Jul, 2011 12:00am
First mango shipment by sea reaches UK

First mango shipment by sea reaches UK

Pakistan's first mango shipment by sea has reached United Kingdom (UK). This was dispatched by Pakistan Hortifresh Private Limited, a joint venture of Durrani Associates and Pakistan Horticultural Development Corporation (PHDEC), "Three consignments of ma
Published 10 Jul, 2011 12:00am
First mango shipment by sea reaches UK

First mango shipment by sea reaches UK

Pakistan's first mango shipment by sea has reached United Kingdom (UK). This was dispatched by Pakistan Hortifresh Private Limited, a joint venture of Durrani Associates and Pakistan Horticultural Development Corporation (PHDEC), "Three consignments of ma
Published 10 Jul, 2011 12:00am
First mango shipment by sea reaches UK

First mango shipment by sea reaches UK

Pakistan''s first mango shipment by sea has reached United Kingdom (UK). This was dispatched by Pakistan Hortifresh Private Limited, a joint venture of Durrani Associates and Pakistan Horticultural Development Corporation (PHDEC), "Three consignments of m
Published 10 Jul, 2011 12:00am
Iran test-fired missiles to Indian Ocean for first time

Iran test-fired missiles to Indian Ocean for first time

Iran said on Saturday it test-fired two long-range missiles into the Indian Ocean earlier this year, the first time it has fired missiles into that sea, according to state television. "In the month of Bahman (January 21-February 19) two missiles with a ra
Published 10 Jul, 2011 12:00am
Iran test-fired missiles to Indian Ocean for first time

Iran test-fired missiles to Indian Ocean for first time

Iran said on Saturday it test-fired two long-range missiles into the Indian Ocean earlier this year, the first time it has fired missiles into that sea, according to state television. "In the month of Bahman (January 21-February 19) two missiles with a ra
Published 10 Jul, 2011 12:00am
News of the World says thanks and goodbye

News of the World says thanks and goodbye

Britain's News of the World has closed its 168-year history with the headline "Thank You and Goodbye" in its final edition on Sunday, reports said. The weekly tabloid whose stock in trade has been exposes of rogues, celebrities, politicians and royals end
Published 10 Jul, 2011 12:00am
News of the World says thanks and goodbye

News of the World says thanks and goodbye

Britain's News of the World has closed its 168-year history with the headline "Thank You and Goodbye" in its final edition on Sunday, reports said. The weekly tabloid whose stock in trade has been exposes of rogues, celebrities, politicians and royals end
Published 10 Jul, 2011 12:00am
Disposal rate of cases in Punjab quite lower: LHC Chief Justice

Disposal rate of cases in Punjab quite lower: LHC Chief Justice

Lahore High Court Chief Justice Ijaz Ahmad Chaudhry said judges have failed to establish the impression that justice is being done to the people as the disposal of cases is the worst in Punjab judiciary as compared to other three provinces. The cases are
Published 10 Jul, 2011 12:00am
'Garment exporters eye business opportunities in Bangladesh'

'Garment exporters eye business opportunities in Bangladesh'

A large number of garment exporters are presently looking for business opportunities in Bangladesh, said sources in the readymade garment industry. A prominent exporter from Lahore, requesting anonymity said that a large number of garment exporters were e
Published 10 Jul, 2011 12:00am
Two militants killed in IHK

Two militants killed in IHK

Two militants, among them a commander of the militant Jaish-e-Mohammed (JeM) group, were killed in gunbattle in held Kashmir on Saturday, officials said. The incident comes after the army and the police surrounded a house in a village in the southern Pulw
Published 10 Jul, 2011 12:00am
Two militants killed in IHK

Two militants killed in IHK

Two militants, among them a commander of the militant Jaish-e-Mohammed (JeM) group, were killed in gunbattle in held Kashmir on Saturday, officials said. The incident comes after the army and the police surrounded a house in a village in the southern Pulw
Published 10 Jul, 2011 12:00am
JCR-VIS withdraws management quality rating of BMA

JCR-VIS withdraws management quality rating of BMA

JCR-VIS Credit Rating Company Limited has withdrawn the Management Quality Rating of BMA Asset Management Company Limited (BMA Funds) and the Fund Stability Rating of BMA Chundrigar Savings Fund (BCSF), with immediate effect, on account of non-renewal of
Published 10 Jul, 2011 12:00am
JCR-VIS withdraws management quality rating of BMA

JCR-VIS withdraws management quality rating of BMA

JCR-VIS Credit Rating Company Limited has withdrawn the Management Quality Rating of BMA Asset Management Company Limited (BMA Funds) and the Fund Stability Rating of BMA Chundrigar Savings Fund (BCSF), with immediate effect, on account of non-renewal of
Published 10 Jul, 2011 12:00am
'National Flour Mills opts for latest technology to maintain quality'

'National Flour Mills opts for latest technology to maintain quality'

Consistency in maintaining highest quality can only guarantee keeping any product popular among the masses for 50 years, and National Flour Mills always opted for latest technology to maintain quality and confidence of the customers in its products.
Published 10 Jul, 2011 12:00am
National Assembly committee recommends expansion of postal network

National Assembly committee recommends expansion of postal network

National Assembly's Standing Committee on Postal Services on Saturday recommended the expansion of postal network and financial incentives for lower scale employees to enable them to work more efficiently. MNA, Pir Muhammad Aslam Bodla chaired the meeting
Published 10 Jul, 2011 12:00am
Results announced

Results announced

The University of Sindh has announced the result of college side BA Pass Part-I annual examination 2010 here on Saturday. According to the announcement total 13,816 candidates had submitted their examination forms, 199 candidates were absent, 10,456 candi
Published 10 Jul, 2011 12:00am
Flood situation: government officials not turn up to brief Khosa

Flood situation: government officials not turn up to brief Khosa

Punjab Governor Latif Khosa addressing a press conference here on Saturday said that senior officials of the Punjab government have refused to brief him about floods situation. He said he had summoned Secretary Irrigation, Secretary Communication, Secreta
Published 10 Jul, 2011 12:00am
Asian rubber: China buys Thai grade; seeks nearby delivery

Asian rubber: China buys Thai grade; seeks nearby delivery

China, the world's largest rubber consumer, is chasing tyre grade from Thailand as it slowly rebuilds stocks despite an improvement in physical prices, while major tyre makers are in the market for nearby shipments, dealers said on Wednesday.
Published 10 Jul, 2011 12:00am
World Population Day on July 11

World Population Day on July 11

World Population Day will be observed in Pakistan like many other parts of the world on Monday (tomorrow) to create awareness among the masses regarding family planning, gender equality, poverty, maternal health and human rights. This year's theme for the
Published 10 Jul, 2011 12:00am
Three killed in coach-trailer collision

Three killed in coach-trailer collision

Three persons were killed in a coach-trailer accident on motorway near Kotmomin on Saturday. According to police, a coach (FDF-1937) was on its way to Rawalpindi from Lahore when it collided with a trailer (DLT-599) near Gullah Pur (Kotmomin). As a result
Published 10 Jul, 2011 12:00am
GSP Plus Status: Sweden making all-out efforts: envoy

GSP Plus Status: Sweden making all-out efforts: envoy

Swedish Ambassador in Pakistan, Ulrika Sundberg on Saturday said Sweden is making all-out efforts to help Pakistan get Generalised System of Preferences (GSP) Plus status in European Union. Speaking at the Lahore Chamber of Commerce and Industry she said,
Published 10 Jul, 2011 12:00am
National Investment Trust assigned AM2- rating with stable outlook

National Investment Trust assigned AM2- rating with stable outlook

JCR-VIS Credit Rating Company Limited has assigned Management Quality (MQ) rating of 'AM2-'(AM-Two Minus) to National Investment Trust Limited (NITL). Outlook on the assigned rating is 'Stable'. NITL is the oldest asset management company. It also enjoys
Published 10 Jul, 2011 12:00am
National Investment Trust assigned AM2- rating with stable outlook

National Investment Trust assigned AM2- rating with stable outlook

JCR-VIS Credit Rating Company Limited has assigned Management Quality (MQ) rating of 'AM2-'(AM-Two Minus) to National Investment Trust Limited (NITL). Outlook on the assigned rating is 'Stable'. NITL is the oldest asset management company. It also enjoys
Published 10 Jul, 2011 12:00am
President HCCI distributes prizes

President HCCI distributes prizes

The President of Hyderabad Chamber of Commerce & Industry Gohar Ullah was the Chief Guest at the occasion of celebration of lucky draw scheme of Chitral Oil & Ghee Industries (Pvt) Ltd, Lahore, which was held at Hyderabad and distributed the prizes amongs
Published 10 Jul, 2011 12:00am
Lies, lies and more lies

Lies, lies and more lies

Senate Standing Committee on Water and Power was informed by officials of the Water and Power Ministry that if Kishanganga Dam is built, it would translate into 21 percent reduced Neelum inflow with its consequent impact on electricity generation.
Published 10 Jul, 2011 12:00am
Our true heroes

Our true heroes

The 82-member squad of our boys and girls had returned home Tuesday from the Special Olympics Summer Games 2011, held in Athens bearing 57 medals are our true heroes. They have done us proud, have lifted our spirits and made us believe that beyond the swa
Published 10 Jul, 2011 12:00am
Cross-border raids

Cross-border raids

Cross-border attacks by the Afghanistan-based militants have become a new source of tension between Pakistan and Afghanistan. The latest attack happened on Wednesday when hundreds of militants armed with rockets, mortars, heavy machine-guns and assault ri
Published 10 Jul, 2011 12:00am
Strengthening political parties

Strengthening political parties

The military in Pakistan often takes over power swiftly and comfortably without any meaningful resistance either during or after the process of the take-over. Prime ministers are put behind bars and sent to gallows through manipulating the judicial proces
Published 10 Jul, 2011 12:00am
Death of space travel or beginning of exciting new era?

Death of space travel or beginning of exciting new era?

As the final space shuttle headed toward the International Space Station, back on Earth debate was raging about what the future of the US space programme holds. NASA has faced harsh criticism from some prominent names, including first man on the moon Neil
Published 10 Jul, 2011 12:00am
Where is Pakistan heading?

Where is Pakistan heading?

Governance in Pakistan is like a dead corpse floating in the stinking pool created by the corrupt executives. Its putrescence polluted the environment yet again, when the government suspended Zafar Qureshi from his job. He is accused of ignoring the fine
Published 10 Jul, 2011 12:00am
Most commodity prices climb on economic optimism

Most commodity prices climb on economic optimism

Most commodity prices rose this week as traders welcomed broadly upbeat economic data which increased investor appetite for risk. However, some markets ran out of steam heading into the weekend following much-weaker-than expected US payrolls figures on Fr
Published 10 Jul, 2011 12:00am
US gold sets biggest weekly rise since November 2009

US gold sets biggest weekly rise since November 2009

Gold prices on Friday posted their biggest weekly rise since November 2009, achieved after a weak US labour market report renewed fears about the health of the world's biggest economy and spurred safe-haven buying. US payrolls growth ground to a near halt
Published 10 Jul, 2011 12:00am
Copper rally stalls

Copper rally stalls

Copper fell on Friday, putting the brakes on a two-week rally as a dismal set of US employment data scaled back some recovery optimism. Even after Friday's near 1 percent fall, copper posted a second straight week of gains, rising 2.4 percent to extend it
Published 10 Jul, 2011 12:00am
Corn rises 3.4 percent; wheat, soyabeans up

Corn rises 3.4 percent; wheat, soyabeans up

US corn futures rose 3.4 percent on Friday on surging exports, particularly to China, and concerns that hot weather forecast for the Corn Belt could threaten the developing crop as it enters its crucial pollination stage. Wheat also rallied as funds cover
Published 10 Jul, 2011 12:00am
PTI's '100-day plan' proposes ultra-revolutionary measures

PTI's '100-day plan' proposes ultra-revolutionary measures

Pakistan Tehreek-e-Insaf (PTI) Saturday said that the, launching a vigorous campaign to root out corruption from the society and bringing back looted wealth to the national coffers. Speaking at a press conference, PTI chairman Imran Khan said that his par
Published 10 Jul, 2011 12:00am
Pakistan ranked sixth among high Tuberculosis risk countries

Pakistan ranked sixth among high Tuberculosis risk countries

Pakistan ranks 6th globally among the 22 high tuberculosis risk countries, and contributes 43 percent of the disease towards the Eastern-Mediterranean region of World Health Organisation (WHO). According to available data, the incidence of TB per 100,000
Published 10 Jul, 2011 12:00am
23rd convocation of FAST-NU held

23rd convocation of FAST-NU held

Fast-National University of Computer & Emerging Sciences for maintaining the high standard of academic excellence to date has been producing best quality of graduates who are polished and now have become good human beings, patriots and true professionals
Published 10 Jul, 2011 12:00am
Death anniversary of Fatima Jinnah observed

Death anniversary of Fatima Jinnah observed

The 44th death anniversary of Madir-e-Millat, mother of the nation, Mohtarma Fatima Jinnah was observed on Saturday all around the country. Rich tributes were paid to her for selfless services in the field of politics by participants of different programm
Published 10 Jul, 2011 12:00am
PACRA upgrades Pakistan-Kuwait investment companies rating to AAA

PACRA upgrades Pakistan-Kuwait investment companies rating to AAA

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of PKIC to "AAA" (Triple A), while maintaining the short-term ratting at "A1+" (A one plus), the highest level. These ratings denote the lowest expectation of credit risk e
Published 10 Jul, 2011 12:00am
PACRA upgrades Pakistan-Kuwait investment companies rating to AAA

PACRA upgrades Pakistan-Kuwait investment companies rating to AAA

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of PKIC to "AAA" (Triple A), while maintaining the short-term ratting at "A1+" (A one plus), the highest level. These ratings denote the lowest expectation of credit risk e
Published 10 Jul, 2011 12:00am
Normality largely returns to Karachi

Normality largely returns to Karachi

The city on Saturday largely returned to normality after four days of unrest leaving at least 100 people dead and inflicting billion of rupees' loss to the trade and industry. Traders claimed about 80 percent of markets had resumed business activities aft
Published 10 Jul, 2011 12:00am
Essential items' prices maintain upward trend

Essential items' prices maintain upward trend

The prices of essential commodities like eggs, chicken, pulses, baisan, and grams witnessed upward trend during the first week of 2011-12 in twin cities of Islamabad and Rawalpindi. Prices of eggs shot up from Rs 2040 per 30 dozen to Rs 2250, while the pr
Published 10 Jul, 2011 12:00am
'Restoration of commissionerate system part of PPP manifesto'

'Restoration of commissionerate system part of PPP manifesto'

Federal Minister for Law Moula Bakhsh Chandio has said that the restoration of commissionerate system is a part of the manifesto of Pakistan Peoples Party and the same is being restored in Sindh like other provinces of the country. The restoration of comm
Published 10 Jul, 2011 12:00am
Cocoa powder traded at $5,200/, highest since June

Cocoa powder traded at $5,200/, highest since June

Cocoa powder was traded at as high as $5,200 a tonne in Asia, its highest in more than a month, as demand from chocolate makers picked up ahead of year-end festivals, dealers said on Friday. Powder produced by grinders in Malaysia and Singapore changed ha
Published 10 Jul, 2011 12:00am
Weak rains may hit India's cotton exports

Weak rains may hit India's cotton exports

India's cotton exports in 2011/12 could fall from the 6.5 million bales approved the previous year as poor rains reduce the amount of land sown with the crop in the world's second-largest producer and exporter. Initially the country's cotton acreage was e
Published 10 Jul, 2011 12:00am
Thai rice prices rise after election, buyers head for Vietnam

Thai rice prices rise after election, buyers head for Vietnam

Thai rice prices rose this week on speculation over higher intervention prices under an incoming government, which forced some buyers to switch to Vietnamese grain, helping push prices higher there, too. The benchmark 100 percent B grade Thai white rice w
Published 10 Jul, 2011 12:00am
Asian sugar: few cargoes of Thai raw sugar traded

Asian sugar: few cargoes of Thai raw sugar traded

A few cargoes of Thai high polarisation raw sugar were traded for next year's delivery but soaring premiums for J-spec scared off consumers, while talk about washouts by China stirred up an otherwise slow physical market, dealers said on Tuesday. China, t
Published 10 Jul, 2011 12:00am
Bank AL Habib gets Bank of the Year - 2010 award

Bank AL Habib gets Bank of the Year - 2010 award

Bank AL Habib gets Bank of the Year - 2010 (Mid Size Banks) Award from Chartered Financial Analyst Association of Pakistan. The Bank has received this Award for the second consecutive year. CFA Association of Pakistan (CFA Pakistan) is a member society of
Published 10 Jul, 2011 12:00am
KPCCI criticises government for prolonged power outages

KPCCI criticises government for prolonged power outages

The Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) has expressed grave concern over the unprecedented unannounced electricity load shedding in industrial estates and demanded of the government to take notice of 16 to 18 hours power outages in
Published 10 Jul, 2011 12:00am
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