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Print - 2011-07-21
Coke profit surprises; shares touch new high

Coke profit surprises; shares touch new high

Coca-Cola Co posted slightly better-than-expected earnings on Tuesday on strength in emerging markets such as China and Russia, helping to send its shares up more than 3 percent to a 12-year high.
Published 21 Jul, 2011 12:00am
South Africa needs new policies for faster growth: World Bank

South Africa needs new policies for faster growth: World Bank

South Africa's economic growth will fall far short of the government's goal of 6 to 7 percent unless it changes policies including taking steps to boost the savings and investment rates, the World Bank said on Wednesday. Even with the right policies it co
Published 21 Jul, 2011 12:00am
Yemen crisis costs industry, trade sectors $17 billion

Yemen crisis costs industry, trade sectors $17 billion

Months of political unrest in Yemen, which crippled the Arab country's economy, have cost its industrial and trade sectors at least $17 billion, the Saudi state news agency reported on Wednesday, quoting the deputy chairman of the Yemeni Chamber of Commer
Published 21 Jul, 2011 12:00am
BlackRock profit rises

BlackRock profit rises

BlackRock Inc, the world's largest money manager by assets, marshaled a rapidly growing list of fund styles and asset classes to post a 43 percent jump in second-quarter profit, topping expectations.
Published 21 Jul, 2011 12:00am
BlackRock profit rises

BlackRock profit rises

BlackRock Inc, the world's largest money manager by assets, marshaled a rapidly growing list of fund styles and asset classes to post a 43 percent jump in second-quarter profit, topping expectations.
Published 21 Jul, 2011 12:00am
China urges: US to protect investors

China urges: US to protect investors

China on Wednesday urged the United States to protect investor interests as US lawmakers remained at odds over how to slash the country's deficit and avoid a devastating default. US politicians must agree to raise the $14.3-trillion debt ceiling by August
Published 21 Jul, 2011 12:00am
DC Jamshoro announces holiday

DC Jamshoro announces holiday

Deputy Commissioner Jamshoro, Nasir Abbas Soomro in connection with 3-day Annual Urs Celebrations of Hazrat Lal Shahbaz Qalandar (RA) commencing from Thursday (today) has announced the Thursday as holiday in the District Jamshoro.
Published 21 Jul, 2011 12:00am
Arrangements for urs celebrations of Qalandar finalised

Arrangements for urs celebrations of Qalandar finalised

The Commissioner Hyderabad Division Ahmed Bux Narejo has said that the arrangements about the three-day 759th annual urs celebrations of Hazrat Lal Shahbaz Qalandar (RA) at Sehwan Sharif has been finalised in all respects and he directed the district admi
Published 21 Jul, 2011 12:00am
OGDCL unveils Pakistan Basin Study report

OGDCL unveils Pakistan Basin Study report

Asif Saeed Sindhu, MD/CEO, OGDCL handed over the first copy of Pakistan Basin Study (PBS) Report to Asim Murtaza Khan, MD, PPL in a ceremony held in OGDCL Head Office here on Tuesday. On this occasion M Asim, MD PPL praised the significant efforts made by
Published 21 Jul, 2011 12:00am
Rs 12.5 billion recoverable from two accused in NICL corruption cases

Rs 12.5 billion recoverable from two accused in NICL corruption cases

The National Insurance Company Limited (NICL) has asked the Federal Investigation Agency (FIA) to recover 10 times fine under the provisions of 'Integrity Pact' in the corruption committed by the accused in the transaction relating to 20 kanals of land si
Published 21 Jul, 2011 12:00am
SU announces B Sc (pass) Part-1 results

SU announces B Sc (pass) Part-1 results

The University of Sindh has announced the result of college side B.Sc pass Part-I annual examination 2010 here on Wednesday. According the announcement total 7083 candidates submitted their examination forms, 86 candidates were absent while 697 candidates
Published 21 Jul, 2011 12:00am
274 LCDs seized; three smugglers held

274 LCDs seized; three smugglers held

Jackson police on Wednesday claimed to have arrested three smugglers and recovered huge quantity of LCDs from their possession. According to police, a team of the investigation department on a tip-off raided a godown located in SITE area and arrested thre
Published 21 Jul, 2011 12:00am
Placing defaulters on ECL: SHC asks SBP to bring its policy on record

Placing defaulters on ECL: SHC asks SBP to bring its policy on record

Sindh High Court Wednesday directed State Bank of Pakistan authorities to bring on record policy for placing name of financial defaulters on Exit Control List to restrain them from leaving the country. A division bench, headed by Chief Justice Mushir Alam
Published 21 Jul, 2011 12:00am
Japan completes installation of seven water filtration plants

Japan completes installation of seven water filtration plants

The government of Japan completed the project for the installation of seven water filtration plants in Karachi, worth $90,952 (approximately Rs 7.7 million) in collaboration with Al-Khidmat Foundation under the scheme of the Grant Assistance for Grassroot
Published 21 Jul, 2011 12:00am
Speakers demand abolition of FCR in Fata

Speakers demand abolition of FCR in Fata

Participants at a function have called for abolishment of Frontier Crime Regulation (FCR) to mainstream the Federally Administered Tribal Areas (Fata) and demanded for stoppage of growing human right violation in tribal areas.
Published 21 Jul, 2011 12:00am
NPC to hold mango party

NPC to hold mango party

Family Entertainment Committee (FEC) of National Press Club (NPC) would hold mango party for the NPC members and their families by the end of July. FEC Chairman NPC Bilal Dar on Wednesday said in statement that interested NPC members should submit their r
Published 21 Jul, 2011 12:00am
BISEH notification

BISEH notification

The Controller of Examinations, Board of Intermediate & Secondary Education Hyderabad has informed that the examination forms for the examinations 2010-2011 of Primary Teaching Certificate (PTC), Certificate in Teaching (CT), CT (Agro Teach), Arts Teacher
Published 21 Jul, 2011 12:00am
PML-N leader injured in Quetta firing

PML-N leader injured in Quetta firing

Unidentified armed men attacked and injured Saleem Jadoon, leader of Pakistan Muslim League-N Balochistan, on Patail Road of the provincial capital on Wednesday. "Unknown gunmen riding a bike opened fire on Saleem Jadoon, injuring him and escaped," police
Published 21 Jul, 2011 12:00am
Fecto Sugar Mills to be de-listed from August 22

Fecto Sugar Mills to be de-listed from August 22

The Karachi Stock Exchange (KSE) has accepted the request for de-listing of Fecto Sugar Mills Limited, and the company will stand de-listed from KSE from August 22, 2011.
Published 21 Jul, 2011 12:00am
Workshop on Risk Management

Workshop on Risk Management

The Pakistan Microfinance Network (PMN) in collaboration with Citi launched a three-day workshop on Risk Management (RM) aimed at building the Microfinance sector's capacity to manage the various risks faced by their institutions.
Published 21 Jul, 2011 12:00am
'Security situation hampers business activities'

'Security situation hampers business activities'

Islamabad being the Federal Capital has always been a centre of attention for local and international investors, but unfortunately security situation has badly hampered business activities, said Ali Raza Saeed Shah, President Rawalpindi Chamber of Commerc
Published 21 Jul, 2011 12:00am
Supreme Court directs government not to close community schools

Supreme Court directs government not to close community schools

While hearing a constitutional petition, the Supreme Court on Wednesday directed the federal government not to close the community schools, running under the National Education Foundation project, until a final decision is taken. The court also directed t
Published 21 Jul, 2011 12:00am
PSO may stop fuel supply to Railways for non-payment of dues

PSO may stop fuel supply to Railways for non-payment of dues

Pakistan State Oil (PSO) may stop fuel supply to Pakistan Railway (PR) due to non-payment of dues, it is reliably learnt. Informed sources revealed to Business Recorder that an amount of Rs 1091 million of PSO is lying pending with PR due to which
Published 21 Jul, 2011 12:00am
PSO may stop fuel supply to Railways for non-payment of dues

PSO may stop fuel supply to Railways for non-payment of dues

Pakistan State Oil (PSO) may stop fuel supply to Pakistan Railway (PR) due to non-payment of dues, it is reliably learnt. Informed sources revealed to Business Recorder that an amount of Rs 1091 million of PSO is lying pending with PR due to which
Published 21 Jul, 2011 12:00am
Hasan Javed new HC to Singapore

Hasan Javed new HC to Singapore

Syed Hasan Javed has taken over charge as the new High Commissioner of Pakistan to Singapore on Wednesday. Syed Hasan Javed has replaced High Commissioner Fauzia M Sana. He is a career diplomat who joined the Foreign Service in 1979. He has served in many
Published 21 Jul, 2011 12:00am
Fazl urges India to withdraw army from IHK

Fazl urges India to withdraw army from IHK

Chairman Parliamentary Committee on Kashmir, Maulana Fazlur Rahman, on Wednesday called upon India to withdraw its army and repeal draconian laws from the Occupied Kashmir, so that the Kashmiris could have a sigh of relief. He expressed these views while
Published 21 Jul, 2011 12:00am
Indian Minister congratulates Hina Rabbani

Indian Minister congratulates Hina Rabbani

Indian Minister of External Affairs, S M Krishna, has written to Foreign Minister Hina Rabbani Khar to congratulate her on the assumption of office. He has stated that he was looking forward to working closely with the minister and to the minister's visit
Published 21 Jul, 2011 12:00am
KP raises pay of male mobilises of population welfare department

KP raises pay of male mobilises of population welfare department

The Khyber Pakhtunkhwa government, as per directions of the Supreme Court of Pakistan, has decided in principle to increase the fixed pays of the Male Mobilises of Population Welfare Department from 4000 rupees to 7000 rupees per month with effect from Ju
Published 21 Jul, 2011 12:00am
Two persons killed, 13 held; 700 liquor bottles seized

Two persons killed, 13 held; 700 liquor bottles seized

Two persons lost their lives, while police held 13 persons for their alleged involvement in different cases and recovered 700 bottles of local (Desi) liquor, four pistols, one motorcycle and fake currency from the detained accused.
Published 21 Jul, 2011 12:00am
Clarification

Clarification

This has reference to the news item published in your daily "Business Recorder" dated 09-07-2011 captioned "Qadirpur gas output down by 200 mmcfd". Sine the news published in your esteemed newspaper is not based on facts therefore for the interest
Published 21 Jul, 2011 12:00am
Portugal moves ahead with labour reform

Portugal moves ahead with labour reform

Portugal's new government on Wednesday moved ahead with a long-promised labour market reform, presenting a bill to cut severance payments and vowing to slash the number of senior public administration posts.
Published 21 Jul, 2011 12:00am
Growth in emerging economies can help eurozone: Zoellick

Growth in emerging economies can help eurozone: Zoellick

Strong growth in emerging economies, notably Turkey, could be a background factor supporting eurozone countries as they fight a debt crisis, the World Bank president said on Wednesday. Emerging economies could help, Robert Zoellick said in an answer to a
Published 21 Jul, 2011 12:00am
EU accused of not cutting tariffs on tech imports

EU accused of not cutting tariffs on tech imports

Japan, Taiwan and the United States on Wednesday accused the European Union of failing to abolish taxes on some electronic hardware imports, despite being told to do so by the World Trade Organisation, sources said.
Published 21 Jul, 2011 12:00am
India cuts growth forecast

India cuts growth forecast

India on Wednesday cut its growth forecast for this financial year to 8.6 percent from nine percent, its economy hit by a string of interest rate hikes to tame inflation which is nearing double-digits. The finance ministry's forecast for Asia's third-larg
Published 21 Jul, 2011 12:00am
American Airlines orders 460 new planes

American Airlines orders 460 new planes

American Airlines is buying at least 460 new planes over the next five years in what it calls the biggest airline order in history. And in a victory for Airbus, it's splitting the work between the European plane maker and Boeing.
Published 21 Jul, 2011 12:00am
Apple unleashes Lion, updates MacBook Air

Apple unleashes Lion, updates MacBook Air

Apple on Wednesday unleashed its new Lion operating system, running it on updated, more powerful versions of its MacBook Air ultra-thin laptop. Lion is the latest version of the Macintosh computer operating system and boasts more than 250 added features i
Published 21 Jul, 2011 12:00am
Apple smashes Street views, shares soar

Apple smashes Street views, shares soar

Blockbuster sales of the iPhone and strong Asian business again helped Apple Inc crush Wall Street's expectations, driving its shares up more than 7 percent to a record high and boosting Asian stocks. Sales of its iconic products far outpaced forecasts, h
Published 21 Jul, 2011 12:00am
High cancellations depress US homes sales

High cancellations depress US homes sales

Sales of previously owned US homes hit a seven-month low in June as demand for condominiums fell and contract cancellations surged, dampening hopes the distressed housing market was starting to improve. The National Association of Realtors said on Wednesd
Published 21 Jul, 2011 12:00am
Merkel, Sarkozy seek breakthrough

Merkel, Sarkozy seek breakthrough

European powerhouse Germany talked up Wednesday the chances of a breakthrough in the eurozone debt crisis after a raft of dire warnings and jitters on financial markets a day ahead of a crunch summit.
Published 21 Jul, 2011 12:00am
EU warns of economic damage if Greece summit fails

EU warns of economic damage if Greece summit fails

EU leaders must find a convincing solution to Greece's debt crisis at a summit on Thursday or the global economy will pay the price, the head of the European Commission said in an unusually sombre warning.
Published 21 Jul, 2011 12:00am
Top global firms choosing Asia offices

Top global firms choosing Asia offices

The world's biggest firms are increasingly setting up shop in Asia's booming economies, a survey said Wednesday, as Hong Kong topped a list of the world's most popular cities for global businesses. The financial hub topped the list despite soaring propert
Published 21 Jul, 2011 12:00am
Karzai barred US advisers from Afghan central bank

Karzai barred US advisers from Afghan central bank

Afghan President Hamid Karzai has banned US government advisers from the Afghan central bank, where they have worked for years to help develop the country's financial sector, a US watchdog said on Wednesday.
Published 21 Jul, 2011 12:00am
Humanitarian spending bucks financial crisis

Humanitarian spending bucks financial crisis

Global spending on humanitarian aid hit a record $16.7 billion in 2010 despite the financial crisis, but devastating disasters and rising delivery costs meant almost 40 percent of needs still went unmet, new data showed on Wednesday.
Published 21 Jul, 2011 12:00am
Middle East markets: Saudi bourse rises; others mixed

Middle East markets: Saudi bourse rises; others mixed

Saudi Arabia's shares led gains as Gulf Arab bourses were mixed on Wednesday, after a fresh bout of second-quarter earnings lifted sentiment and improving performance on global markets gave support. The kingdom's benchmark rose 0.8 percent, extending gain
Published 21 Jul, 2011 12:00am
Nikkei climbs

Nikkei climbs

Tokyo stocks marked their biggest daily rise in three weeks to close above 10,000 on Wednesday, boosted by a rally in tech shares after strong earnings from Apple, with more gains in sight as Japan heads into its earnings season.
Published 21 Jul, 2011 12:00am
Wednesday's midday trade: stocks dip despite Apple gains

Wednesday's midday trade: stocks dip despite Apple gains

US stocks dipped on Wednesday, with technology shares falling as a blow-out quarter from Apple failed to entice more buying after Wall Street's best day since March. Apple Inc hit another all-time high on Wednesday after it reported quarterly revenues tha
Published 21 Jul, 2011 12:00am
US stocks post best day since March

US stocks post best day since March

US stocks recorded their best day since March on Tuesday after strong corporate results and renewed hope for an agreement in Washington on thorny budget issues boosted investor confidence. Quarterly numbers from technology bellwether International Busines
Published 21 Jul, 2011 12:00am
Seoul shares up

Seoul shares up

Seoul shares snapped a two-session losing streak on Wednesday on eased US debt jitters, led by tech shares after Apple Inc and IBM announced forecast-beating quarterly results. Eyes are on Intel Corp's earnings to be released on Wednesday US time to see w
Published 21 Jul, 2011 12:00am
30-year bond soars

30-year bond soars

Long-dated US Treasuries prices rallied on Tuesday, with the 30-year bond posting its biggest one-day jump in eight months, after President Barack Obama reported progress in talks to raise the US debt ceiling.
Published 21 Jul, 2011 12:00am
30-year bond soars

30-year bond soars

Long-dated US Treasuries prices rallied on Tuesday, with the 30-year bond posting its biggest one-day jump in eight months, after President Barack Obama reported progress in talks to raise the US debt ceiling.
Published 21 Jul, 2011 12:00am
Indian shares lower

Indian shares lower

Indian shares ended 0.8 percent lower on Wednesday, falling for three sessions out of four, as worries over quarterly earnings and foreign investor participation more than offset firm global equities.
Published 21 Jul, 2011 12:00am
Hong Kong shares up, China down

Hong Kong shares up, China down

Hong Kong stocks closed higher on Wednesday as a jump in shares of telecom operator China Mobile Ltd offset regional weakness in financials and energy-related counters, while Shanghai shares ended lower for a third straight session. The Hang Seng Index br
Published 21 Jul, 2011 12:00am
Australian shares jump

Australian shares jump

Australian shares jumped 1.8 percent on Wednesday, the biggest one-day percentage rally since early December, as banks and miners led a broad rebound, encouraged by strong US corporate results and easing concerns over US debt obligations.
Published 21 Jul, 2011 12:00am
European shares extend gains

European shares extend gains

European shares posted a second day of gains on Wednesday buoyed by strong corporate earnings and on hopes sovereign debt deals would be reached on both sides of the Atlantic.
Published 21 Jul, 2011 12:00am
LSE's revenue rises 14 percent

LSE's revenue rises 14 percent

The London Stock Exchange, seen as a take-over target since its bid for a Canadian rival collapsed, reported a 14 percent rise in first-quarter revenue as its smaller post-trade unit outpaced a steady performance in its core trading business.
Published 21 Jul, 2011 12:00am
Banks lead FTSE higher

Banks lead FTSE higher

Banking stocks led Britain's top shares higher on Wednesday on strong corporate earnings and optimism over a deal in Washington to increase the US debt ceiling and avoid default. The UK benchmark index closed up 63.83 points, or 1.1 percent, at 5,853.82,
Published 21 Jul, 2011 12:00am
Euro rates decline

Euro rates decline

Money market pressures cooled on Wednesday on optimism that policymakers may reach a deal to help debt-ridden Greece though doubts policymakers will deliver a permanent solution to ringfence bigger economies kept improvements in check.
Published 21 Jul, 2011 12:00am
Sterling steadies

Sterling steadies

Sterling steadied on Wednesday after Bank of England policy minutes were slightly less dovish than expected, forcing some speculative short positions to be trimmed, but the pound was clouded by uncertainty over the UK and eurozone economies.
Published 21 Jul, 2011 12:00am
Euro dips in Asia

Euro dips in Asia

The euro eased against the dollar on Wednesday, dogged by lingering doubts over whether a eurozone summit this week will quell investors fears of contagion risks from Greece's sovereign debt crisis. The euro had gained a bit of reprieve the previous day a
Published 21 Jul, 2011 12:00am
Euro soars versus dollar in London

Euro soars versus dollar in London

The euro rose against the dollar on Wednesday on cautious optimism that eurozone leaders may reach a deal to ease Greece's debt problems, but gains were capped by concerns that the risks of contagion would persist.
Published 21 Jul, 2011 12:00am
Early trade in New York: euro moves higher

Early trade in New York: euro moves higher

The euro rose against the dollar on Wednesday on cautious optimism that eurozone leaders may reach a deal to ease Greece's debt problems, though concerns remained that the fiscal crisis could spill over to other countries in the region.
Published 21 Jul, 2011 12:00am
Euro rises in New York

Euro rises in New York

The euro rose against the dollar on Tuesday on hopes policymakers may reach a deal to provide further aid for Greece at a summit later this week, though a lack of a long-term solution for the country's debt crisis could keep the single currency vulnerable
Published 21 Jul, 2011 12:00am
Swiss franc flat

Swiss franc flat

The Swiss franc traded near flat against the euro on Wednesday as investors turned slightly more confident about moving into riskier assets on hopes the US was making progress on debt talks.
Published 21 Jul, 2011 12:00am
Yuan hits record high

Yuan hits record high

The yuan hit a record high against the dollar on Wednesday after the People's Bank of China set an all-time high mid-point, indicating that currency appreciation was still on the cards. Spot yuan closed at 6.4595, off the all-time high of 6.4556 against t
Published 21 Jul, 2011 12:00am
Indian rupee strengthens

Indian rupee strengthens

The Indian rupee strengthened on Wednesday, tracking the euro and Asian peers, as view the eurozone summit on Thursday would likely outline a solution to the region's deepening debt crisis gathered steam, but negative local shares weighed.
Published 21 Jul, 2011 12:00am
Singapore dollar at record high

Singapore dollar at record high

The Singapore dollar hit a record high and the South Korean won matched a near three-year peak on Wednesday on indications that the US may be able to avert a default, while China's central bank provided more support to emerging Asian currencies by fixing
Published 21 Jul, 2011 12:00am
Aussie and NZ dollars pause

Aussie and NZ dollars pause

The New Zealand and Australian dollars' risk-inspired rally ran out of puff on Wednesday amid profit taking and some caution about how much progress will be made in resolving the eurozone's debt woes. The high flying kiwi eased late in the session to arou
Published 21 Jul, 2011 12:00am
Hubble finds a tiny fourth moon around Pluto

Hubble finds a tiny fourth moon around Pluto

The Hubble Space Telescope has discovered a tiny fourth moon orbiting the distant icy dwarf planet Pluto, NASA said on Wednesday. The space telescope was searching for rings around the planetary oddball at the edge of our solar system when it came across
Published 21 Jul, 2011 12:00am
Serbia arrests last major war crimes fugitive

Serbia arrests last major war crimes fugitive

Serbia arrested the last major war crimes suspect from the 1990s Yugoslav conflicts on Wednesday, closing what its president called a "burdensome" page in the country's history and boosting its hopes of joining the European Union.
Published 21 Jul, 2011 12:00am
Car blast kills Briton in Yemen

Car blast kills Briton in Yemen

A blast in a booby-trapped car killed a Briton living in Yemen's southern port city of Aden on Wednesday, officials said, and the British government urged its citizens to leave the country. Opposition officials said one of their political leaders survived
Published 21 Jul, 2011 12:00am
UN declares famine in pockets of southern Somalia

UN declares famine in pockets of southern Somalia

The United Nations said on Wednesday two regions of southern Somalia had been hit by the worst famine in the area for 20 years and that 3.7 million people in the anarchic Horn of Africa nation risked starvation.
Published 21 Jul, 2011 12:00am
Maoist rebels kill 7 Indian Congress party workers

Maoist rebels kill 7 Indian Congress party workers

Maoist rebels killed seven Congress party workers in a jungle ambush on a party convoy in India's central state of Chhattisgarh on Wednesday, the state's party president told Reuters.
Published 21 Jul, 2011 12:00am
Taliban deny leader Mullah Omar is dead

Taliban deny leader Mullah Omar is dead

The Taliban said on Wednesday that their reclusive one-eyed leader Mullah Omar was alive and accused the United States of hacking their mobile phones to claim that he was dead. A text message sent to media from a phone belonging to a spokesman for the Isl
Published 21 Jul, 2011 12:00am
China says 14 extremists killed

China says 14 extremists killed

Ethnic religious extremists armed with home-made weapons attacked a police station in China's restive far west earlier this week in a planned siege that ended with 14 of the 18 attackers dead, China said Wednesday in a new detailed account of the violence
Published 21 Jul, 2011 12:00am
Russia charges former nuclear director with fraud

Russia charges former nuclear director with fraud

Russia on Wednesday announced the arrest of one its most senior former nuclear officials for allegedly pocketing state research grants and stealing other people's work off the Internet. It was the second major corruption case to strike Russia's nuclear in
Published 21 Jul, 2011 12:00am
France says Qadhafi could stay in Libya

France says Qadhafi could stay in Libya

Muammar Qadhafi could stay in Libya if he gives up power, France said on Wednesday, signalling a new effort to find a diplomatic solution to a five-month-old war that has failed to oust the resilient leader. But Qadhafi's foreign minister swiftly dismisse
Published 21 Jul, 2011 12:00am
Gun battles, bombing as security handed over in key Afghan city

Gun battles, bombing as security handed over in key Afghan city

Afghan insurgents launched attacks in provincial capitals in the country's north and south on Wednesday while foreign troops handed over security control in another key city as part of a process designed to display the strength of Afghan forces.
Published 21 Jul, 2011 12:00am
Emirates fighter plane crashes, killing pilot

Emirates fighter plane crashes, killing pilot

A United Arab Emirates fighter plane crashed during a training mission, killing the pilot, the state news agency said Wednesday. The plane went down Tuesday evening, according to a statement by the General Command of the UAE Armed Forces. The pilot was id
Published 21 Jul, 2011 12:00am
13 killed in Uzbekistan quake

13 killed in Uzbekistan quake

A major 6.2 quake in Uzbekistan killed at least 13 people and injured 86 others, when it struck on the Uzbek-Kyrgyz border in the remote Fergana Valley region, Uzbek officials said. The quake struck at 1:35 am (1935 GMT Tuesday) with the epicentre just in
Published 21 Jul, 2011 12:00am
Asean, China approve 'guidelines' for disputed sea

Asean, China approve 'guidelines' for disputed sea

Senior Chinese and Southeast Asian officials say they have agreed on guidelines to govern behaviour in the hotly disputed and resource-rich South China Sea. Chinese diplomat Liu Zhenmin called it a "milestone document."
Published 21 Jul, 2011 12:00am
CDA sets up cleanliness awareness camp

CDA sets up cleanliness awareness camp

The Sanitation Directorate of Capital Development Authority (CDA) on Wednesday established a camp make citizens aware of the cleanliness as part of its anti-littering campaign in the capital. Hundreds of citizens visited the camp established at G-9 Markaz
Published 21 Jul, 2011 12:00am
AIOU to offer associate degree in commerce

AIOU to offer associate degree in commerce

Allama Iqbal Open University (AIOU), Department of Commerce is offering Associate Degree in Commerce with specialisation in Accounting and Finance, Banking and Finance, Marketing Management, Human Resource Management, I.T. Management, Hospital Management,
Published 21 Jul, 2011 12:00am
Summary sent to chief minister for Sindh Tax Ombudsman

Summary sent to chief minister for Sindh Tax Ombudsman

The authorities of Sindh Revenue Board (SRB) have moved a summary to Sindh Chief Minister for approval of appointment of Sindh Tax Ombudsman. Sources told Business Recorder here on Wednesday that Chairman SRB Nazar Hussain Mahar has moved the said
Published 21 Jul, 2011 12:00am
Importable items from India: PCDMA advised to provide list

Importable items from India: PCDMA advised to provide list

Minister of Commerce and Trade Development Authority of Pakistan (TDAP) have advised Pakistan Chemicals and Dyes Merchant Association (PCDMA) to provide a list of chemical, dyers and other items, which can be included in the list of importable goods from
Published 21 Jul, 2011 12:00am
SBP realigns functions of EPD

SBP realigns functions of EPD

The State Bank of Pakistan (SBP) has with immediate effect realigned the functions of its Exchange Policy Department (EPD). This has been done in order to regulate, supervise and monitor the affairs of the Exchange Companies (Category A & B) in an efficie
Published 21 Jul, 2011 12:00am
Geelani denounces Fai's arrest

Geelani denounces Fai's arrest

A leader in Indian-occupied Kashmir says the man arrested in the US on suspicion of being a Pakistan agent is a victim of a diplomatic conspiracy. The US accuses Syed Ghulam Nabi Fai of the Kashmiri American Council of being an unregistered agent of a for
Published 21 Jul, 2011 12:00am
Ebad directs KESC to provide relief to people

Ebad directs KESC to provide relief to people

Governor Sindh, Dr Ishratul Ibad Khan, on Wednesday directed the management of the Karachi Electric Supply Company (KESC) to provide relief to the people of the city. He further stressed that arrangements in this regard should be made. Dr Ishrat emphasise
Published 21 Jul, 2011 12:00am
'KESC pushes industries to the verge of closure'

'KESC pushes industries to the verge of closure'

The Karachi Eclectic Supply Company (KESC) has put the cottage, small and large industries at the verge of closure, by not attending complaints of electricity faults and failure, besides carrying out hours-long load shedding. The number of pending complai
Published 21 Jul, 2011 12:00am
Aashiyana Housing Scheme meant for the poor: Shahbaz

Aashiyana Housing Scheme meant for the poor: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that Aashiyana Housing Scheme is meant for the poor and the common man and credit goes to Pakistan Muslim League-N for realising the dream of shelter-less people to have their own house.
Published 21 Jul, 2011 12:00am
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