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Print - 2011-08-06
Shanghai copper falls over four percent

Shanghai copper falls over four percent

The most-active October copper contract on the Shanghai Futures Exchange opened sharply down and closed the session 4.2 percent lower at 68,570 yuan per tonne on Friday, not far from its session low of 68,530 yuan, the lowest since June 29. Base metals fe
Published 06 Aug, 2011 12:00am
Base metals slide

Base metals slide

Base metals tumbled on Friday following a rout in equities as fears returned another economic crisis could hit the United States and the eurozone, sending copper to a five-week low and many other metals down around five percent. Copper closed down 3.4 per
Published 06 Aug, 2011 12:00am
Brent crude moves up

Brent crude moves up

Brent crude rose on Friday on better-than-expected US jobs data and a pipeline fire in Iran, but retreated from highs and seesawed with Wall Street as investors remained wary of a global economic slowdown. Brent gained and US crude bounced into positive t
Published 06 Aug, 2011 12:00am
Tokyo and Shanghai rubber fall

Tokyo and Shanghai rubber fall

Key Tokyo rubber futures fell more than 3 percent on Friday, dragged lower by a broad slide in commodities and a firmer yen, with investors shedding riskier assets on mounting signs of sluggishness in the US economy. The key Tokyo Commodity Exchange rubbe
Published 06 Aug, 2011 12:00am
Malaysian palm oil falls

Malaysian palm oil falls

Malaysian palm oil futures fell as much as 2.6 percent on Friday to its lowest in nearly one month amid a broad-based sell-off in commodities, as risk-averse investors worried about the health of the US economy ahead of a key jobs data. The benchmark Octo
Published 06 Aug, 2011 12:00am
Liffe sugar, coffee and cocoa up

Liffe sugar, coffee and cocoa up

Arabica coffee futures pared steep gains in heavy volume on Friday, after concerns eased about the frost in Brazil's coffee belt that lifted the market nearly 5 percent earlier. ICE cocoa futures were firm but well off their steep highs, buoyed by the low
Published 06 Aug, 2011 12:00am
US gold falls

US gold falls

Gold recoiled from a record high in heavy volume on Thursday, as mounting recession fears fed a global stock market maelstrom that forced investors to liquidate bullion profits to cover losses elsewhere. Silver slumped over 7 percent too in one of the big
Published 06 Aug, 2011 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold edged up more than half a percent on Friday as investors used bullion to shelter from the storm engulfing financial markets on concerns that the United States may be facing another recession and Europe's debt crisis is spreading to some of its larges
Published 06 Aug, 2011 12:00am
Gold stays up in Europe

Gold stays up in Europe

Gold held firm on Friday after upbeat US labour market data soothed immediate fears of a recession, but longer-term uncertainty about economic growth and concerns about the eurozone debt crisis supported demand for the precious metal. Autocatalyst metals
Published 06 Aug, 2011 12:00am
US MIDDAY: coffee gives back gains

US MIDDAY: coffee gives back gains

Arabica coffee futures pared steep gains in heavy volume early on Friday, after concerns eased about the frost in Brazil's coffee belt that lifted the market nearly 5 percent earlier. ICE cocoa futures were firm but well off their steep highs, buoyed by t
Published 06 Aug, 2011 12:00am
US MIDDAY: corn lower

US MIDDAY: corn lower

Corn futures on the Chicago Board of Trade were lower early on Friday on improving US crop weather and uncertainty about the global economy, traders said. Grain traders were eyeing US equity markets, which seesawed in early moves as a better-than-expected
Published 06 Aug, 2011 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

Base metals tumbled to multi-week lows on Friday, drawing minimal support from a turn-around in pummelled stock markets as traders focused on slowing economies and the end of a major strike in Chile. Benchmark September copper futures on the COMEX exchang
Published 06 Aug, 2011 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose on Friday, resuming its month-long rally as a stronger-than-expected US payrolls report failed to quell fears of a double-dip recession and expectations of monetary easing by central banks. Bullion is poised to end the week up nearly 4 percent,
Published 06 Aug, 2011 12:00am
Unique Ramazan experience at Marriott Hotel

Unique Ramazan experience at Marriott Hotel

Karachi Marriott Hotel (KMH) celebrates the month of Ramazan again with all His blessings just like every year; KMH has arranged for the Iftar/Dinner in town. KMH has more than 50 dishes along with live counters of sajji, katakat, chicken boti, sheekh keb
Published 06 Aug, 2011 12:00am
Karachi University business school wins best business school award

Karachi University business school wins best business school award

The Vice Chancellor of Karachi University congratulated the Chairman, the faculty and the students of the Karachi University Business School on receiving the 'Innovation Leadership Award' at the Asia's Best Business School Awards ceremony held in Singapor
Published 06 Aug, 2011 12:00am
'Khajoor diplomacy' geared up in Sindh

'Khajoor diplomacy' geared up in Sindh

During the holy month of Ramadan, though official pace of work has been decelerated in offices of all buildings of Sindh secretariat yet the work of gifting Khajoor (dates) to another has been geared-up there. When you enter in any office of Sindh secreta
Published 06 Aug, 2011 12:00am
39,276 subsidised Atta bags distributed through 116 stalls

39,276 subsidised Atta bags distributed through 116 stalls

The Deputy Commissioner Hyderabad Asif Ali Memon in his statement said that as many as 39,276 subsidised Atta bags each of 10 kg have been distributed through 116 stalls located at different places of Hyderabad District on 4th August 2011 and added that t
Published 06 Aug, 2011 12:00am
Youth Leadership Programme seven session held

Youth Leadership Programme seven session held

Youth Leadership Programme-2011 (YLDP), being organised under aegis of All Pakistan Memon Foundation-Educational Board (APMF-EB) successfully conducted its seven session enlightening and learning-oriented with the theme of "Future Careers/ Mind Diversion"
Published 06 Aug, 2011 12:00am
SAI not to hold 'Eid Bachat Bazaar'

SAI not to hold 'Eid Bachat Bazaar'

The Site Association of Industry (SAI) has decided not to hold this year its annual event, Eid Bachat Bazaar, due to the prevailing law and order condition in the city as the participants are hesitant to take part due to prevailing risk.
Published 06 Aug, 2011 12:00am
Wasan attends funeral of Yousuf Khan

Wasan attends funeral of Yousuf Khan

Sindh Home Minister, Manzoor Hussain Wasan, attended the funeral prayer of senior journalist and chief reporter of Nawa-e-Waqt, Mohammad Yousuf Khan, held after Friday prayers, at Sultan Mosque, Defence Housing Authority. On the occasion offering his cond
Published 06 Aug, 2011 12:00am
Conversion of AMMF into open-end equity fund announced

Conversion of AMMF into open-end equity fund announced

Al Meezan Mutual Fund (AMMF) - the closed-end equity fund managed by Al Meezan Investment Management Ltd (Al Meezan) since 1995 has now been converted into an open-end equity fund with effect from August 5, 2011. The fund has provided a cumulative return
Published 06 Aug, 2011 12:00am
Conversion of AMMF into open-end equity fund announced

Conversion of AMMF into open-end equity fund announced

Al Meezan Mutual Fund (AMMF) - the closed-end equity fund managed by Al Meezan Investment Management Ltd (Al Meezan) since 1995 has now been converted into an open-end equity fund with effect from August 5, 2011. The fund has provided a cumulative return
Published 06 Aug, 2011 12:00am
118 shopkeepers punished for charging high prices

118 shopkeepers punished for charging high prices

The Deputy Commissioner Hyderabad Asif Ali Memon has said that extensive monitoring of the markets were being made by the Revenue officers having magisterial power and so far 118 shopkeepers/venders have been punished with total fine of Rs 47,050/- for ch
Published 06 Aug, 2011 12:00am
Three killed in various incidents

Three killed in various incidents

A young man was killed while over a dozen others injured in an armed clash between two groups at a weekly Bazaar in Baldia Town here on Friday. The scuffle, which had started between two persons over some petty issue, turned violent when their supporters
Published 06 Aug, 2011 12:00am
LHC directs DCO to hear petitioner

LHC directs DCO to hear petitioner

The Lahore High Court (LHC) while disposing of a petition against a film Bol directed the District Co-ordination Officer (DCO) to hear the petitioner and decide the matter within two weeks. The petitioner president Anjuman Tahfaz-e-Namus Saadat contended
Published 06 Aug, 2011 12:00am
SECP gets 10 CFAI scholarships

SECP gets 10 CFAI scholarships

The Chartered Financial Analyst Institute (CFAI) has awarded 10 scholarships to SECP for capacity building of its employees and to enable them to perform their role of regulating capital markets more efficiently. According to a press release issued on Fri
Published 06 Aug, 2011 12:00am
Architecture Nayar Ali Dada demands action against SHO

Architecture Nayar Ali Dada demands action against SHO

Renowned architecture Nayar Ali Dada has asked the Chief Minister Punjab Mian Shahbaz Sharif to take action against SHO PS Shadman Zulfiqar Ali, for beating the females and others here at Nairang Art Galleries. He also requested the Chief Minister to take
Published 06 Aug, 2011 12:00am
Entrance test for admission in medical colleges on September 13

Entrance test for admission in medical colleges on September 13

University of Health Sciences (UHS) will conduct a single common Entrance Test this year for both FSc and Non-FSc students, simultaneously in Lahore, Faisalabad, Multan, Rawalpindi, Bahawalpur, Gujrat, Gujranwala, Sargodha, Sahiwal, D.G. Khan, Hassan Abda
Published 06 Aug, 2011 12:00am
Long hours loadshedding: industrial units at SIE, QIE cut production

Long hours loadshedding: industrial units at SIE, QIE cut production

As many as 150 industrial units, established at the Sundar Industrial Estate (SIE) and Quaid-e-Azam Industrial Estate (QIE), have curtailed their production mainly because of seven hours undue loadshedding by Lesco in these estates causing a loss of milli
Published 06 Aug, 2011 12:00am
Energy shortage, cotton prices hit textile industry viability: Aptma

Energy shortage, cotton prices hit textile industry viability: Aptma

The Chairman of All Pakistan Textile Mills Association (Aptma), Gohar Ejaz, has said that energy shortage, followed by inventory losses due to sudden decline in cotton prices world-wide, has hit viability of the industry, leading to a crisis-like situatio
Published 06 Aug, 2011 12:00am
China ready to assist Pakistan on Attabad lake

China ready to assist Pakistan on Attabad lake

China is ready to assist Pakistan financially and technically for utilisation of Attabad lake for overcoming problems arising out of the natural lake formed in Hunza valley at Attabad, particularly its impact on Karakoram Highway. Deputy Ambassador of Chi
Published 06 Aug, 2011 12:00am
Nawaz to meet PML-N legislators today

Nawaz to meet PML-N legislators today

Pakistan Muslim League-Nawaz Chief Nawaz Sharif has called a meeting of PML-N MNAs and MPAs from Lahore at his Model Town residence on Saturday (today). Sources in the PML-N told Business Recorder that Nawaz Sharif would discuss important issues be
Published 06 Aug, 2011 12:00am
PML-N supports creation of provinces on administrative grounds

PML-N supports creation of provinces on administrative grounds

A special committee formed by PML-N Chief Mian Nawaz Sharif, on the proposal of creation of new provinces, has finalised its recommendations that would be presented before the party's top leadership for approval, Business Recorder learnt on Friday.
Published 06 Aug, 2011 12:00am
Prime Minister pledges to resolve lawyers problems

Prime Minister pledges to resolve lawyers problems

Prime Minister Syed Yousuf Raza Gilani on Friday reiterated government to resolve problems of lawyers. The Prime Minister was talking to a delegation of lawyers comprising High Court Bar Association Multan President Chaudhry Sagheer Ahmad, General Secreta
Published 06 Aug, 2011 12:00am
LHC refers case of 87 ADPPs to PPSC

LHC refers case of 87 ADPPs to PPSC

The Lahore High Court on Friday allowed a petition of 87 Assistant District Public Prosecutors and referred the matter to Punjab Public Service Commission, seeking regularisation of their services. Petitioners, including Mehmoodul Hassan and others, submi
Published 06 Aug, 2011 12:00am
Junk collector kids join CSDO education centre

Junk collector kids join CSDO education centre

Children of junk collector families say good-bye to gather rubbish and prefer to join schools. It's a miracle because junk collectors have their own customs, traditions and life style but realising the importance of education decided to send their kids to
Published 06 Aug, 2011 12:00am
Struggling dairy farming industry

Struggling dairy farming industry

Since 2006, dairy farming industry became one of the fastest growing industries in Pakistan. Foreign direct investment and conducive fiscal policies for dairy farming motivated renowned Pakistani business houses to invest in dairy farming. Businessmen fro
Published 06 Aug, 2011 12:00am
Former ministers face court threat over Hungary's debt

Former ministers face court threat over Hungary's debt

Not content with a crushing victory over the opposition Socialist Party in general elections last year, Hungarian Prime Minister Viktor Orban's conservative government wants to see his left-wing predecessors in the dock. The government has accused the Soc
Published 06 Aug, 2011 12:00am
How to privatise DISCOs - II

How to privatise DISCOs - II

The shares will be sold at face value and no premium will be charged. The reasoning is simple. The people own DISCOs, while the Government is only a representative of the people, or an attorney, so to speak, not the real owner. Therefore, the government,
Published 06 Aug, 2011 12:00am
The fairness principle

The fairness principle

I am frequently asked by the people I come in contact with, as to what a person can do so far as government policies are concerned. My answer to them is always the same: 'Please do not confuse yourself with the rest of the population but try and do it wel
Published 06 Aug, 2011 12:00am
Kashgar attacks

Kashgar attacks

Much to the chagrin of the western media, China has categorically rejected the insinuation that the recent clashes in Kashgar could negatively impact its relationship with Pakistan. Reacting to the slanted media coverage, the China's foreign ministry on W
Published 06 Aug, 2011 12:00am
World's service sector in turbulence

World's service sector in turbulence

The world's service sector, defined as intangible goods, suffered its weakest growth in 17 months in July, a reflection of dwindling consumer demand for services. The Arizona-based Institute for Supply Management (ISM) that typically surveys around 375 pu
Published 06 Aug, 2011 12:00am
GCU to start four-year B Com (Hons) programme

GCU to start four-year B Com (Hons) programme

Government College University (GCU) Lahore has announced initiating four-year Bachelors in Commerce B.Com (Hons) programme from this academic year and admissions to the programme would be opened after the announcement of intermediate results.
Published 06 Aug, 2011 12:00am
ICCI calls to promote remanufacturing industry

ICCI calls to promote remanufacturing industry

The Islamabad Chamber of Commerce and Industry (ICCI) on Friday stressed the need for promoting remanufacturing and recycling industry to utilise scrap material instead of letting it go waste. "Pakistan is producing huge quantities of scrap in different a
Published 06 Aug, 2011 12:00am
Sharif brothers criticised for terming Saraiki as language

Sharif brothers criticised for terming Saraiki as language

Former Law Minister Dr Babar Awan on Friday said that new provinces will be made in accordance with the constitution as a mechanism to his effect is already in place. He criticised Sharif brothers for terming Saraiki as language, adding Saraiki is a cultu
Published 06 Aug, 2011 12:00am
Two girls killed over karo-kari in Mastung

Two girls killed over karo-kari in Mastung

Three armed men allegedly shot at their two relative girls over suspicion of having illicit relations with a person in Kanak area of Mastung district. "The injured girls have been admitted to hospital where their condition is very serious," police sources
Published 06 Aug, 2011 12:00am
Situation in Karachi improving: Shahi Syed

Situation in Karachi improving: Shahi Syed

President Awami National Party (ANP) Sindh Shahi Syed on Friday said that the situation in Karachi has improved but it did not mean that no improvement is required. Talking to a private news channel, he said that peace couldn't be restored in Karachi unti
Published 06 Aug, 2011 12:00am
Sadiq Memon, Nadeem Bhutto take oath as ministers

Sadiq Memon, Nadeem Bhutto take oath as ministers

Two more members of the provincial assembly were inducted in the Sindh cabinet including Sadiq Memon and Nadeem Bhutto. Sindh Governor Dr Ishratul Ibad Khan took oath from the newly inducted ministers at an impressive ceremony at Governor House here on Fr
Published 06 Aug, 2011 12:00am
Misuse of funds: LHC issues notices to respondents

Misuse of funds: LHC issues notices to respondents

The Lahore High Court issued notices to respondents in a petition filed by former Secretary, Evacuee Trust Property Board (ETPB), against the Board Chairman, Asif Hashmi for misusing funds. The petitioner alleged that the chairman ETPB was misusing funds
Published 06 Aug, 2011 12:00am
Rs 4.6 million looted from bank

Rs 4.6 million looted from bank

First broad daylight robbery in the holy month of Ramazan was made in the limits of Saudabad police where six armed bandits ran away with a bagful of Rs 4.6 million from a branch of private bank on Friday. According to the police, at around 9am six armed
Published 06 Aug, 2011 12:00am
BoI accused of discouraging foreign investors

BoI accused of discouraging foreign investors

The government is reportedly not giving equal treatment to all the foreign investors as promised under the Foreign Investment Act, which led to substantial decline in FDI in the country. Recently, Board of Investment (BoI) discouraged three potential fore
Published 06 Aug, 2011 12:00am
Chairman PEF felicitates partner schools management

Chairman PEF felicitates partner schools management

Chairman Punjab Education Foundation (PEF) Raja Muhammad Anwar has felicitated the Partner Schools management. He has also congratulated the students showing exemplary performance in the Matriculation exams and hoped that they would continue working hard
Published 06 Aug, 2011 12:00am
PDF welcomes increase in salaries of doctors

PDF welcomes increase in salaries of doctors

Peoples' Doctor Forum (PDF) on Friday welcomed increase in doctors' salaries and expressed the hope that the government's steps will help improve health care system in the province. Speaking at a news conference, provincial president, PDF Qaiser Ali said
Published 06 Aug, 2011 12:00am
Khyber Pakhtunkhwa minister for strengthening information department

Khyber Pakhtunkhwa minister for strengthening information department

Khyber Pakhtunkhwa Minister for Information, Mian Iftikhar Hussain has said there is need for making improvements to strengthen Information Department as it has played an important role in dealing with natural calamity and war against terrorism. Talking t
Published 06 Aug, 2011 12:00am
WBDC to hold 'Eid Gala' from August 17

WBDC to hold 'Eid Gala' from August 17

The KP Women Business Development Centre (WBDC), will hold a two-week 'Eid Gala' from August 17, which will continue till end of Ramazan. It aims to showcase women entrepreneurs' products and provide an opportunity to promotion their business. More than 2
Published 06 Aug, 2011 12:00am
Government reluctant to change CDA by-laws

Government reluctant to change CDA by-laws

The government is reluctant to change by-laws of the Capital Development Authority (CDA) to help people continue misuse of farmhouses allotted for agri-production, well placed sources in CDA revealed to Business Recorder on Friday.
Published 06 Aug, 2011 12:00am
Lifters deprive people of car, motorcycles

Lifters deprive people of car, motorcycles

Thieves deprived people of one car, two motorcycles, gold ornaments and other valuables, while Islamabad Police claimed to have recovered 4.74 kg charas, one 12-bore gun and one tampered car after arresting seven people including three women. The details
Published 06 Aug, 2011 12:00am
SME Bank on right track in improving its performance

SME Bank on right track in improving its performance

The Board of Directors of the SME Bank Ltd appreciated performance of the Bank in its last meeting held on July 16, 2011. According to a press release issued by the SME Bank Ltd here on Friday, the Chairman of the Board commended the efforts made by the M
Published 06 Aug, 2011 12:00am
MoST Secretary calls for promoting science culture

MoST Secretary calls for promoting science culture

Ministry of Science and Technology (MoST) Secretary Akhlaq Ahmad Tarar on Friday directed authorities of Pakistan Museum of Natural History (PMNH) to take measures for attracting more number of visitors to the museum for promoting informal education and s
Published 06 Aug, 2011 12:00am
Pesco Board approves employees' salary raise

Pesco Board approves employees' salary raise

The Board of Directors, Peshawar Electricity Supply Company (Pesco) has approved increase in pay and allowances and pension of Pesco employees. The board 60th meeting was held here at Wapda House Peshawar on Friday under its chairman Hassam-ud Din Bangash
Published 06 Aug, 2011 12:00am
Rains bring mercury down in plains of Punjab

Rains bring mercury down in plains of Punjab

People took a sigh of relief as monsoon rains brought the mercury down by 6 to 8 degrees Celsius on Friday after a week of hot and humid weather in the plains of Punjab. Weather remained extremely hot and humid last week. The gusty winds followed by scatt
Published 06 Aug, 2011 12:00am
Malik conducts aerial view of troubled areas

Malik conducts aerial view of troubled areas

Interior Minister Rehman Malik had an aerial view of the troubled western part of the city on Friday to get first hand knowledge about the law and order situation. During his visit, he saw the police and pickets of Rangers at various areas including Surja
Published 06 Aug, 2011 12:00am
Hanif Tayyab calls on Malik

Hanif Tayyab calls on Malik

Interior Minister Rehman Malik on Friday held a meeting with the religious leader and head of Nizam-e-Mustafa Party, Haji Hanif Tayyab, and discussed the law and order situation here. The Minister discussed measures to maintain peace in the city in consen
Published 06 Aug, 2011 12:00am
Coca-Cola unveils Coke Ramadan Caravans

Coca-Cola unveils Coke Ramadan Caravans

The Coca-Cola Company, world's largest beverage corporation, unveiled its distinctively decorated Coke Ramadan Caravans amid a delightful ceremony to commemorate the launch of its Ramadan campaign. Channelling the spirit of Ramadan, Coca-Cola will share h
Published 06 Aug, 2011 12:00am
Pepco officials face health problems due to constant stress

Pepco officials face health problems due to constant stress

Pepco officials are facing health problems due to a constant stress of running from pillar to post to ensure uninterrupted power supply during Sehri and Iftar. However, still to no avail, as major thermal units including Kepco and Lal pir remained closed
Published 06 Aug, 2011 12:00am
All past civil, military governments blamed for Karachi's turmoil

All past civil, military governments blamed for Karachi's turmoil

Jamaat-e-Islami chief, Syed Munawar Hasan, has said that Karachi won't be allowed to become another Bangladesh on the wishes of those fighting for their share in extortion. Addressing the Friday congregation at the Mansoora mosque here, he said that the e
Published 06 Aug, 2011 12:00am
Meeting held to review protective arrangements against flood

Meeting held to review protective arrangements against flood

A special meeting of provincial cabinet was held under the chairmanship of Senior Advisor to Chief Minister Punjab Sirdar Zulfiqar Ali Khan Khosa at 90-Shahrah-e-Quaid-e-Azam on Friday to review protective arrangements against flood. Addressing the meetin
Published 06 Aug, 2011 12:00am
President advises BISP to distribute cash grants through BSC

President advises BISP to distribute cash grants through BSC

President Asif Ali Zardari on Friday advised BISP to distribute cash grants among the poor through Benazir Smart Cards (BSC) throughout the country instead of post offices to avoid delays and other complaints in the present delivery mechanism. This, he sa
Published 06 Aug, 2011 12:00am
Hundreds of refund claimants: FBR to scrutinise tax records

Hundreds of refund claimants: FBR to scrutinise tax records

The Federal Board of Revenue (FBR) has decided to scrutinise tax record of hundreds of sales tax refund claimants, who obtained refunds to the tune of billions of rupees under the Expeditious Refund System (ERS), but had never claimed refunds under manual
Published 06 Aug, 2011 12:00am
Audit detects over Rs 2 billion irregularities in NICL

Audit detects over Rs 2 billion irregularities in NICL

The Auditor General of Pakistan has detected embezzlement, losses and irregularities of more than Rs 2 billion in National Insurance Company Limited (NICL). According to Audit Report 2010-11, the national exchequer faced Rs 1.7 billion losses due to irreg
Published 06 Aug, 2011 12:00am
President asks government to expedite setting up of motorcycle plant

President asks government to expedite setting up of motorcycle plant

President Asif Ali Zardari on Friday advised the government to expedite setting up motorcycle manufacturing plant to relieve pressure on public transport and facilitate the low income groups with an economical and affordable means of transport.
Published 06 Aug, 2011 12:00am
Gold soars to new high of Rs 53,650 per tola

Gold soars to new high of Rs 53,650 per tola

Gold prices on Friday touched a new high of Rs 53, 650 per tola on the local market after the global market's increase of $4 an ounce, traders said. Gold was available for Rs 53, 400 per tola a day before, which now has gone up to a new high of Rs 53, 650
Published 06 Aug, 2011 12:00am
The Weather

The Weather

The weather report on Friday (August 05, 2011) and the forecast for Saturday (August 06, 2011).

Published 06 Aug, 2011 12:00am
Wheat production to grow by 3.24 percent this year

Wheat production to grow by 3.24 percent this year

The wheat crop production during the current fiscal year of 2011-12 is targeted to increase by 3.24 percent over the production of last fiscal year (2010-11). As much as 25 million tons of wheat would be produced during the current fiscal year against the
Published 06 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 06 Aug, 2011 12:00am
FBR unearths new fraud technique in ERS

FBR unearths new fraud technique in ERS

The Federal Board of Revenue (FBR) has unearthed a new fraud technique in the Expeditious Refund System (ERS) where certain unscrupulous elements are deliberately declaring 'no recoverable demand' in their declarations (Electronic Refund Claim) for making
Published 06 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 06 Aug, 2011 12:00am
Hamesh undergoes medical check-up at local hospital

Hamesh undergoes medical check-up at local hospital

Former Bank of Punjab (BoP) President Hamesh Khan who is main accused in (BoP)'s scam was brought to the Sheikh Zayed Hospital for medical checkup from jail on Friday. Hamesh was taken to the hospital in an armoured personnel carrier amid stringent securi
Published 06 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 02, 2011.

Published 06 Aug, 2011 12:00am
Faithful throng mosques on first Friday of Ramazan

Faithful throng mosques on first Friday of Ramazan

The faithful thronged mosques and other places to offer juma prayers on the first Friday of the holy month of Ramazan amid stringent security measures adopted by the law enforcing agencies. In view of extra rush of faithful, mosques administration had to
Published 06 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 02, 2011.

Published 06 Aug, 2011 12:00am
'Targeting Pakistan on its nuclear weapons a lose-lose situation for US'

'Targeting Pakistan on its nuclear weapons a lose-lose situation for US'

Targeting Pakistan on its nuclear weapons is a lose-lose situation for the US not for Pakistan and its media cannot get over unhealthy obsession with regards to Pakistan nukes, pointed out CEO of Strategic Technology Resources (STR), Dr Shireen Mazari on
Published 06 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 02, 2011.

Published 06 Aug, 2011 12:00am
JPMC's kitchen providing inferior quality food

JPMC's kitchen providing inferior quality food

Provision of inferior quality of food stuff being prepared in the kitchen of Jinnah Postgraduate Medical Centre (JPMC) is further contributing in the miseries of admitted patients in facility despite allocation of adequate funds for the food items for the
Published 06 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (August 05, 2011).

Published 06 Aug, 2011 12:00am
Depleting stock market depth may cause volatility: analysts

Depleting stock market depth may cause volatility: analysts

Though the corporate earnings in Pakistan will post above average growth, the depleting market depth may cause market volatility in case foreigners tried to dump shares to reduce their exposure to frontier and emerging markets, analysts said.
Published 06 Aug, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (August 05, 2011) and for Saturday (August 06, 2011).
Published 06 Aug, 2011 12:00am
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