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Print - 2011-09-11
Iraqi Kurd oil exports see sharp decline

Iraqi Kurd oil exports see sharp decline

Crude exports from Iraq's northern Kurdish region have dropped to 50,000-60,000 barrels per day from 160,000 bpd since late last month, several Iraqi government sources said on Saturday. The reason for the decline was unknown, they said.
Published 11 Sep, 2011 12:00am
Deutsche Bank to expand wealth management business

Deutsche Bank to expand wealth management business

Germany's biggest lender Deutsche Bank wants to expand its private banking business in its home market and may hire additional staff, according to a report in German weekly WirtschaftsWoche. "Next to Asia, Germany is our most important market with double-
Published 11 Sep, 2011 12:00am
Merkel urges Germans to be patient with Greece

Merkel urges Germans to be patient with Greece

German Chancellor Angela Merkel called on her compatriots to be patient with Greece in its current struggle to overcome a severe debt crisis. "What hasn't been done in years cannot be done overnight," Merkel told the Sunday edition of Berlin's Tagesspiege
Published 11 Sep, 2011 12:00am
Italians dump mussel shells to protest austerity

Italians dump mussel shells to protest austerity

Demonstrators dumped mussel shells in front of Italy's parliament on Saturday, accusing politicians of squeezing workers with an austerity package while clinging to their privileges like mussels cling to rocks.
Published 11 Sep, 2011 12:00am
US regulators close First National Bank of Florida

US regulators close First National Bank of Florida

US regulators closed The First National Bank of Florida on Friday, bringing the total number of closures this year to 71. The Federal Deposit Insurance Corp said deposits of the bank in Milton, Florida, were being assumed by CharterBank, a unit of Charter
Published 11 Sep, 2011 12:00am
Business groups urge comprehensive Asia-Pacific trade deal

Business groups urge comprehensive Asia-Pacific trade deal

Business groups on Friday urged the United States and other countries not to weaken a proposed Asia-Pacific free trade deal by excluding certain sectors, like dairy or sugar, from the pact. The groups from US, New Zealand, Peru and Singapore also pressed
Published 11 Sep, 2011 12:00am
Mexico's central bankers split on rate cut signal

Mexico's central bankers split on rate cut signal

Mexico's central bankers split over whether to send a signal to markets that an interest rate cut is possible in future, the minutes of their August meeting showed. All five members of the bank's board agreed that future conditions might make it necessary
Published 11 Sep, 2011 12:00am
Peru trade surplus more than doubles

Peru trade surplus more than doubles

Peru's trade surplus more than doubled in July from the same month a year earlier due to an increase in the dollar amount of traditional commodity exports such as minerals, the central bank said on Friday. The trade surplus posted was $1.15 billion, compa
Published 11 Sep, 2011 12:00am
InterContinental business holding up for now

InterContinental business holding up for now

World No 1 hotelier InterContinental Hotels Group Plc said its trading momentum was good in August and September and it had not seen any significant impact from global recession fears and mounting debt concerns in the United States and Europe.
Published 11 Sep, 2011 12:00am
Greenspan sees few results from quantitative easing

Greenspan sees few results from quantitative easing

Former Federal Reserve Chairman Alan Greenspan said on Friday that he sees few results from the US central bank's "quantitative easing" program and is not convinced a fresh intervention in bond markets will help.
Published 11 Sep, 2011 12:00am
Croatia determined to join eurozone despite crisis

Croatia determined to join eurozone despite crisis

Croatia is determined to eventually join the eurozone after its expected entry to the European Union in 2013, although the debt crisis in the currency bloc makes it difficult to estimate a timeframe, its finance minister said on Friday.
Published 11 Sep, 2011 12:00am
Rain halts Aussies after Marsh, Hussey tons

Rain halts Aussies after Marsh, Hussey tons

Michael Hussey hit a 14th Test century and debutant Shaun Marsh his maiden ton before rain halted Australia's progress in the second Test against Sri Lanka on Saturday. The two left-handers put on 258 for the fourth wicket as the tourists moved to 411-7 i
Published 11 Sep, 2011 12:00am
England hold nerve to inflict more misery on India

England hold nerve to inflict more misery on India

England inflicted more misery on India as Craig Kieswetter's quick-fire 51 inspired a three-wicket win over the beleaguered tourists in the third One-day international here at The Oval on Friday. Thanks to Kieswetter's big hitting and a nerveless 40 from
Published 11 Sep, 2011 12:00am
Pakistan U-16 football team leaves for Kuwait

Pakistan U-16 football team leaves for Kuwait

Pakistan Under-16 football team has left for Kuwait to take part in Asian Football Confederation (AFC) U-16 Championship qualifiers being staged there from September 12 to 22. Muneer Aftab is leading Pakistan Under-16 football team while Malik Dilshad Ahm
Published 11 Sep, 2011 12:00am
Aguero hat-trick fuels unstoppable Man City

Aguero hat-trick fuels unstoppable Man City

Sergio Aguero scored a hat-trick as Manchester City maintained their perfect start to the Premier League season with a 3-0 victory over Wigan Athletic on Saturday while fellow title hopefuls Chelsea won 2-1 at Sunderland. Argentina forward Aguero took his
Published 11 Sep, 2011 12:00am
Nadal, Murray complete all-star US Open semis

Nadal, Murray complete all-star US Open semis

Defending champion Rafael Nadal and world number four Andy Murray guaranteed a US Open Super Saturday line-up on Friday, completing an all-star, top-four lockout of the semi-final places. Second seed Nadal cruised past 2003 champion Andy Roddick, the Amer
Published 11 Sep, 2011 12:00am
Gomez's four-goal fiesta sends Bayern top

Gomez's four-goal fiesta sends Bayern top

Bayern Munich striker Mario Gomez scored four times and Franck Ribery twice as Bayern demolished Freiburg 7-0 on Saturday to go back to the top of the Bundesliga. Four days before facing Villarreal in Spain in the Champions League, in-form Bayern kept a c
Published 11 Sep, 2011 12:00am
Quaid's 63rd death anniversary today

Quaid's 63rd death anniversary today

The nation is observing 63rd death anniversary of Founding Father of Pakistan Quaid-i-Azam Muhammad Ali Jinnah on Sunday (today), with a pledge to make the country a progressive, modern and moderate Islamic state as per vision of Father of the Nation.
Published 11 Sep, 2011 12:00am
Quaid's 63rd death anniversary today

Quaid's 63rd death anniversary today

The nation is observing 63rd death anniversary of Founding Father of Pakistan Quaid-i-Azam Muhammad Ali Jinnah on Sunday (today), with a pledge to make the country a progressive, modern and moderate Islamic state as per vision of Father of the Nation.
Published 11 Sep, 2011 12:00am
Floods in Pakistan: Prime Minister seeks world assistance

Floods in Pakistan: Prime Minister seeks world assistance

Prime Minister Syed Yousuf Raza Gilani on Saturday urged the international institutions, world community and the people of Pakistan at home and abroad to extend full support and co-operation to the government in tackling the situation created by the devas
Published 11 Sep, 2011 12:00am
Floods in Pakistan: Prime Minister seeks world assistance

Floods in Pakistan: Prime Minister seeks world assistance

Prime Minister Syed Yousuf Raza Gilani on Saturday urged the international institutions, world community and the people of Pakistan at home and abroad to extend full support and co-operation to the government in tackling the situation created by the devas
Published 11 Sep, 2011 12:00am
Widespread rains forecast for lower Sindh

Widespread rains forecast for lower Sindh

The Met office on Saturday said that more widespread heavy to very heavy rains predicted in lower Sindh during the next three days (Sunday evening to Wednesday). It also warned the heavy spells is likely to cause more flooding in the already inundated are
Published 11 Sep, 2011 12:00am
Widespread rains forecast for lower Sindh

Widespread rains forecast for lower Sindh

The Met office on Saturday said that more widespread heavy to very heavy rains predicted in lower Sindh during the next three days (Sunday evening to Wednesday). It also warned the heavy spells is likely to cause more flooding in the already inundated are
Published 11 Sep, 2011 12:00am
UN to launch multi million dollars aid programme

UN to launch multi million dollars aid programme

The United Nations will begin its multi-million dollar humanitarian assistance programme in co-operation with Pakistan Disaster Management Authority (PDMA) in interior of Sindh province from Sunday (today).
Published 11 Sep, 2011 12:00am
UN to launch multi million dollars aid programme

UN to launch multi million dollars aid programme

The United Nations will begin its multi-million dollar humanitarian assistance programme in co-operation with Pakistan Disaster Management Authority (PDMA) in interior of Sindh province from Sunday (today).
Published 11 Sep, 2011 12:00am
Ferry capsizes off Tanzania, nearly 200 dead

Ferry capsizes off Tanzania, nearly 200 dead

Nearly 200 people drowned when an overloaded ferry capsized off east Africa as it sailed from Zanzibar to Pemba island, police said on Saturday, Tanzania's worst maritime disaster in at least 15 years. Fishing boats, tour operators and diving instructors
Published 11 Sep, 2011 12:00am
Ferry capsizes off Tanzania, nearly 200 dead

Ferry capsizes off Tanzania, nearly 200 dead

Nearly 200 people drowned when an overloaded ferry capsized off east Africa as it sailed from Zanzibar to Pemba island, police said on Saturday, Tanzania's worst maritime disaster in at least 15 years. Fishing boats, tour operators and diving instructors
Published 11 Sep, 2011 12:00am
Pakistan facing higher inflationary pressure in region

Pakistan facing higher inflationary pressure in region

The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Pakistan has been experiencing higher inflationary pressure in the region, it is learnt. Sources said that Ministry of Finance gave a presentation to the last meeting of ECC on ec
Published 11 Sep, 2011 12:00am
Pakistan facing higher inflationary pressure in region

Pakistan facing higher inflationary pressure in region

The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Pakistan has been experiencing higher inflationary pressure in the region, it is learnt. Sources said that Ministry of Finance gave a presentation to the last meeting of ECC on ec
Published 11 Sep, 2011 12:00am
Pakistan facing higher inflationary pressure in region

Pakistan facing higher inflationary pressure in region

The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Pakistan has been experiencing higher inflationary pressure in the region, it is learnt. Sources said that Ministry of Finance gave a presentation to the last meeting of ECC on ec
Published 11 Sep, 2011 12:00am
US stronger 10 years after 9/11: Obama

US stronger 10 years after 9/11: Obama

President Barack Obama said on Saturday the United States was stronger 10 years after the September 11, 2001, attacks and Americans would "carry on" despite continued threats against their safety.
Published 11 Sep, 2011 12:00am
US stronger 10 years after 9/11: Obama

US stronger 10 years after 9/11: Obama

President Barack Obama said on Saturday the United States was stronger 10 years after the September 11, 2001, attacks and Americans would "carry on" despite continued threats against their safety.
Published 11 Sep, 2011 12:00am
Ahead of 9/11, Taliban vow to keep fighting

Ahead of 9/11, Taliban vow to keep fighting

The Taliban on Saturday vowed to keep fighting against US forces in Afghanistan until all American troops leave the country and stressed that their movement had no role in the September 11 attacks.
Published 11 Sep, 2011 12:00am
Ahead of 9/11, Taliban vow to keep fighting

Ahead of 9/11, Taliban vow to keep fighting

The Taliban on Saturday vowed to keep fighting against US forces in Afghanistan until all American troops leave the country and stressed that their movement had no role in the September 11 attacks.
Published 11 Sep, 2011 12:00am
G8 pledges billions for Arab Spring as IMF recognises Libya

G8 pledges billions for Arab Spring as IMF recognises Libya

Arab states that ousted their dictators got a financial shot in the arm Saturday with promises of tens of billion of dollars to help their rocky transformation into modern democracies. G8 rich nations and institutions including the World Bank, the IMF, re
Published 11 Sep, 2011 12:00am
G8 pledges billions for Arab Spring as IMF recognises Libya

G8 pledges billions for Arab Spring as IMF recognises Libya

Arab states that ousted their dictators got a financial shot in the arm Saturday with promises of tens of billion of dollars to help their rocky transformation into modern democracies. G8 rich nations and institutions including the World Bank, the IMF, re
Published 11 Sep, 2011 12:00am
G8 pledges billions for Arab Spring as IMF recognises Libya

G8 pledges billions for Arab Spring as IMF recognises Libya

Arab states that ousted their dictators got a financial shot in the arm Saturday with promises of tens of billion of dollars to help their rocky transformation into modern democracies. G8 rich nations and institutions including the World Bank, the IMF, re
Published 11 Sep, 2011 12:00am
Syria, Arab League 'agree reforms' as killings go on

Syria, Arab League 'agree reforms' as killings go on

Arab League chief Nabil Elaraby said he had agreed a series of measures with President Bashar al-Assad on Saturday to help end violence in Syria, as activists said Assad's forces killed six people in their relentless crackdown on dissent.
Published 11 Sep, 2011 12:00am
Syria, Arab League 'agree reforms' as killings go on

Syria, Arab League 'agree reforms' as killings go on

Arab League chief Nabil Elaraby said he had agreed a series of measures with President Bashar al-Assad on Saturday to help end violence in Syria, as activists said Assad's forces killed six people in their relentless crackdown on dissent.
Published 11 Sep, 2011 12:00am
ST, FED returns: system comes to a halt

ST, FED returns: system comes to a halt

The Federal Board of Revenue (FBR) system of electronic filing of sales tax and federal excise returns has almost come to a halt and refused to go from 'verification mode' to next stage of return submission through electronic system.
Published 11 Sep, 2011 12:00am
ST, FED returns: system comes to a halt

ST, FED returns: system comes to a halt

The Federal Board of Revenue (FBR) system of electronic filing of sales tax and federal excise returns has almost come to a halt and refused to go from 'verification mode' to next stage of return submission through electronic system.
Published 11 Sep, 2011 12:00am
ST, FED returns: system comes to a halt

ST, FED returns: system comes to a halt

The Federal Board of Revenue (FBR) system of electronic filing of sales tax and federal excise returns has almost come to a halt and refused to go from ''verification mode'' to next stage of return submission through electronic system.
Published 11 Sep, 2011 12:00am
Poor drafting of flood surcharge law creates confusion

Poor drafting of flood surcharge law creates confusion

The poor drafting of the Income Tax (Amendment) Ordinance, 2011 on flood surcharge has forced the Federal Board of Revenue (FBR) to introduce key changes in the relevant annex/page of the income tax return for tax year 2011 to collect flood surcharge on p
Published 11 Sep, 2011 12:00am
Poor drafting of flood surcharge law creates confusion

Poor drafting of flood surcharge law creates confusion

The poor drafting of the Income Tax (Amendment) Ordinance, 2011 on flood surcharge has forced the Federal Board of Revenue (FBR) to introduce key changes in the relevant annex/page of the income tax return for tax year 2011 to collect flood surcharge on p
Published 11 Sep, 2011 12:00am
Poor drafting of flood surcharge law creates confusion

Poor drafting of flood surcharge law creates confusion

The poor drafting of the Income Tax (Amendment) Ordinance, 2011 on flood surcharge has forced the Federal Board of Revenue (FBR) to introduce key changes in the relevant annex/page of the income tax return for tax year 2011 to collect flood surcharge on p
Published 11 Sep, 2011 12:00am
G7 offers little to calm markets on growth, debt

G7 offers little to calm markets on growth, debt

Group of Seven finance chiefs pledged on Friday to make a co-ordinated response to a slowdown in the global economy but offered few specifics and differed in emphasis on Europe's debt crisis. The United States pressed Europe's strongest economies to give
Published 11 Sep, 2011 12:00am
G7 offers little to calm markets on growth, debt

G7 offers little to calm markets on growth, debt

Group of Seven finance chiefs pledged on Friday to make a co-ordinated response to a slowdown in the global economy but offered few specifics and differed in emphasis on Europe's debt crisis. The United States pressed Europe's strongest economies to give
Published 11 Sep, 2011 12:00am
G7 offers little to calm markets on growth, debt

G7 offers little to calm markets on growth, debt

Group of Seven finance chiefs pledged on Friday to make a co-ordinated response to a slowdown in the global economy but offered few specifics and differed in emphasis on Europe''s debt crisis. The United States pressed Europe''s strongest economies to giv
Published 11 Sep, 2011 12:00am
Dollar marginally low

Dollar marginally low

Some slight changes were seen on the money market on Saturday in the process of trading, dealers said. Interbank rates for dollar on Saturday at 13:30 hrs.

Published 11 Sep, 2011 12:00am
Dollar marginally low

Dollar marginally low

Some slight changes were seen on the money market on Saturday in the process of trading, dealers said. Interbank rates for dollar on Saturday at 13:30 hrs.

Published 11 Sep, 2011 12:00am
'New Judicial Year' opening ceremony tomorrow

'New Judicial Year' opening ceremony tomorrow

The opening ceremony for the 'New Judicial Year' 2011-12 will be held in the principal seat of the Supreme Court (SC) on September 12, which worked round the clock to do away with the pendency of cases. Chief Justice Iftikhar Muhammad Chaudhry will chair
Published 11 Sep, 2011 12:00am
'New Judicial Year' opening ceremony tomorrow

'New Judicial Year' opening ceremony tomorrow

The opening ceremony for the 'New Judicial Year' 2011-12 will be held in the principal seat of the Supreme Court (SC) on September 12, which worked round the clock to do away with the pendency of cases. Chief Justice Iftikhar Muhammad Chaudhry will chair
Published 11 Sep, 2011 12:00am
Dutch MP issues fatwa to free Muslims from extremism

Dutch MP issues fatwa to free Muslims from extremism

On the eve of 9/11, a Dutch Muslim politician has launched a campaign calling on Muslims around the world to stop blindly following decrees issued by a handful of extremists, and to start thinking for themselves. Tofik Dibi, a member of parliament for the
Published 11 Sep, 2011 12:00am
Dutch MP issues fatwa to free Muslims from extremism

Dutch MP issues fatwa to free Muslims from extremism

On the eve of 9/11, a Dutch Muslim politician has launched a campaign calling on Muslims around the world to stop blindly following decrees issued by a handful of extremists, and to start thinking for themselves. Tofik Dibi, a member of parliament for the
Published 11 Sep, 2011 12:00am
$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

Saudi Arabia's largest private sector steel manufacturer Al-Tuwairqi Holding and the world's third-largest steel maker by market value POSCO have signed a joint venture agreement for the project of Tuwairqi Steel Mills Limited (TSML). Through the agreemen
Published 11 Sep, 2011 12:00am
$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

Saudi Arabia's largest private sector steel manufacturer Al-Tuwairqi Holding and the world's third-largest steel maker by market value POSCO have signed a joint venture agreement for the project of Tuwairqi Steel Mills Limited (TSML). Through the agreemen
Published 11 Sep, 2011 12:00am
$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

$15 million equity investment: POSCO, Al-Tuwairqi Holding sign agreement

Saudi Arabia''s largest private sector steel manufacturer Al-Tuwairqi Holding and the world''s third-largest steel maker by market value POSCO have signed a joint venture agreement for the project of Tuwairqi Steel Mills Limited (TSML). Through the agreem
Published 11 Sep, 2011 12:00am
Five of a family among 10 electrocuted

Five of a family among 10 electrocuted

Heavy rains that lashed the city in the afternoon claimed 10 lives including five members of a family at various parts of the metropolis, here on Saturday. According to the rescue and police sources, five members of a family were electrocuted in the limit
Published 11 Sep, 2011 12:00am
Five of a family among 10 electrocuted

Five of a family among 10 electrocuted

Heavy rains that lashed the city in the afternoon claimed 10 lives including five members of a family at various parts of the metropolis, here on Saturday. According to the rescue and police sources, five members of a family were electrocuted in the limit
Published 11 Sep, 2011 12:00am
Torrential rains wreak havoc in Karachi

Torrential rains wreak havoc in Karachi

Torrential rain coupled with gusty winds wreaked havoc on the city on Saturday, deluging roads and streets to nearly waist-deep level with a river-like flow of rainwater, and caused worst traffic jams all over the city. The longest spell of season's heavi
Published 11 Sep, 2011 12:00am
Torrential rains wreak havoc in Karachi

Torrential rains wreak havoc in Karachi

Torrential rain coupled with gusty winds wreaked havoc on the city on Saturday, deluging roads and streets to nearly waist-deep level with a river-like flow of rainwater, and caused worst traffic jams all over the city. The longest spell of season's heavi
Published 11 Sep, 2011 12:00am
Prime Minister to leave for Iran today

Prime Minister to leave for Iran today

Prime Minister Syed Yousuf Raza Gilani will leave on Sunday for Teheran on three-day official visit to Iran. Foreign office spokesperson Tehmina Janjua in a statement on Saturday said Prime Minister will discuss outcome of Joint Economic Commission meetin
Published 11 Sep, 2011 12:00am
Prime Minister to leave for Iran today

Prime Minister to leave for Iran today

Prime Minister Syed Yousuf Raza Gilani will leave on Sunday for Teheran on three-day official visit to Iran. Foreign office spokesperson Tehmina Janjua in a statement on Saturday said Prime Minister will discuss outcome of Joint Economic Commission meetin
Published 11 Sep, 2011 12:00am
Prime Minister to leave for Iran today

Prime Minister to leave for Iran today

Prime Minister Syed Yousuf Raza Gilani will leave on Sunday for Teheran on three-day official visit to Iran. Foreign office spokesperson Tehmina Janjua in a statement on Saturday said Prime Minister will discuss outcome of Joint Economic Commission meetin
Published 11 Sep, 2011 12:00am
ST, FED returns filing date extended

ST, FED returns filing date extended

The Federal Board of Revenue has extended the dates for filing of sales tax and federal excise duty returns for the periods July and August, 2011. In a letter issued here on Saturday, the Inland Revenue Wing of the FBR has communicated to all Chief Commis
Published 11 Sep, 2011 12:00am
ST, FED returns filing date extended

ST, FED returns filing date extended

The Federal Board of Revenue has extended the dates for filing of sales tax and federal excise duty returns for the periods July and August, 2011. In a letter issued here on Saturday, the Inland Revenue Wing of the FBR has communicated to all Chief Commis
Published 11 Sep, 2011 12:00am
ST, FED returns filing date extended

ST, FED returns filing date extended

The Federal Board of Revenue has extended the dates for filing of sales tax and federal excise duty returns for the periods July and August, 2011. In a letter issued here on Saturday, the Inland Revenue Wing of the FBR has communicated to all Chief Commis
Published 11 Sep, 2011 12:00am
Prime Minister clears 'Trade Policy 2011-12'

Prime Minister clears 'Trade Policy 2011-12'

Prime Minister Yousaf Raza Gilani on Saturday cleared the much-awaited 'Trade Policy 2011-12', without extending any subsidy--a key demand of different sectors. "Nothing concrete came under discussion as they sat, had a chit-chat and dispersed," commented
Published 11 Sep, 2011 12:00am
Prime Minister clears 'Trade Policy 2011-12'

Prime Minister clears 'Trade Policy 2011-12'

Prime Minister Yousaf Raza Gilani on Saturday cleared the much-awaited 'Trade Policy 2011-12', without extending any subsidy--a key demand of different sectors. "Nothing concrete came under discussion as they sat, had a chit-chat and dispersed," commented
Published 11 Sep, 2011 12:00am
Prime Minister clears ''Trade Policy 2011-12''

Prime Minister clears ''Trade Policy 2011-12''

Prime Minister Yousaf Raza Gilani on Saturday cleared the much-awaited ''Trade Policy 2011-12'', without extending any subsidy--a key demand of different sectors. "Nothing concrete came under discussion as they sat, had a chit-chat and dispersed," comment
Published 11 Sep, 2011 12:00am
High spread on pretext of inflation: textile industry criticises banks

High spread on pretext of inflation: textile industry criticises banks

The textile industry has criticised banks for a very high spread of 8 percent between lending and borrowing on the pretext of inflation. The industry circles have pointed out that the textile industry cannot survive by paying heavy mark up, according to h
Published 11 Sep, 2011 12:00am
High spread on pretext of inflation: textile industry criticises banks

High spread on pretext of inflation: textile industry criticises banks

The textile industry has criticised banks for a very high spread of 8 percent between lending and borrowing on the pretext of inflation. The industry circles have pointed out that the textile industry cannot survive by paying heavy mark up, according to h
Published 11 Sep, 2011 12:00am
High spread on pretext of inflation: textile industry criticises banks

High spread on pretext of inflation: textile industry criticises banks

The textile industry has criticised banks for a very high spread of 8 percent between lending and borrowing on the pretext of inflation. The industry circles have pointed out that the textile industry cannot survive by paying heavy mark up, according to h
Published 11 Sep, 2011 12:00am
Dengue patients: Shahbaz takes note of allegations

Dengue patients: Shahbaz takes note of allegations

Punjab Chief Minister Muhammad Shahbaz Sharif taking serious notice of receiving huge amounts from the dengue virus patients in private hospitals, has directed to constitute a special committee which will hold talks to administration of these hospitals an
Published 11 Sep, 2011 12:00am
Malik orders strict monitoring of foreigners

Malik orders strict monitoring of foreigners

The Interior Minister Rehman Malik issued directives to the officials concerned to monitor the foreigners including Afghans entering in Pakistan without having the legal documents. The Immigration Counters are being established at all borders of the count
Published 11 Sep, 2011 12:00am
Essential items prices register substantial increase

Essential items prices register substantial increase

The prices of essential kitchen items have registered a substantial increase this week as compared to last week. A survey carried out by Business Recorder showed that the prices of essential kitchen items including wheat flour, sugar, tetra pack mi
Published 11 Sep, 2011 12:00am
BISE announces Inter Part-II results

BISE announces Inter Part-II results

Board of Intermediate and Secondary Education Lahore (BISE) announced Intermediate Part II result 2011, here on Saturday. Total 149,805 students appeared in the examination and 69,904 were declared pass with the percentage 46.6 percent. The pass percentag
Published 11 Sep, 2011 12:00am
'FBR should revisit policies to broaden tax net'

'FBR should revisit policies to broaden tax net'

The Federal Board of Revenue (FBR) should revisit its policies to broaden tax net as discourteous attitude of tax officials is discouraging new investments and new businesses. These views were expressed by PIAF-Founders Alliance leaders including Iftikhar
Published 11 Sep, 2011 12:00am
Railway to be back on track, says Bilour

Railway to be back on track, says Bilour

Federal Minister for Railways Ghulam Ahmed Bilour has said that the railway will come out of the crisis within 4 to 5 months after receiving the package approved by the Federal Cabinet. He said this while addressing a news conference soon after presiding
Published 11 Sep, 2011 12:00am
Dengue patients: meal distributed among attendants

Dengue patients: meal distributed among attendants

Chairman All Pakistan Textile Mills Association (APTMA) Gohar Ejaz distributed meal among attendants of dengue patients at Jinnah hospital on Saturday. Talking to Business Recorder, Gohar said he has taken the initiative to motivate the business co
Published 11 Sep, 2011 12:00am
Crisis management centre to be set up in ABAD office

Crisis management centre to be set up in ABAD office

A Crisis Management Centre (CMC) will be set up in the office of the Association of Builders and Developers of Pakistan (ABAD) on the instructions of Interior Minister Rehman Malik. The CMC will be managed by an officer of DSP rank so that actions on prob
Published 11 Sep, 2011 12:00am
Completion of KMU building: Hoti approves Rs 110 million for HEC

Completion of KMU building: Hoti approves Rs 110 million for HEC

Chief Minister of Khyber-Pakhtunkhwa Amir Haider Khan Hoti approved Rs 110 million for a Higher Education Commission (HEC) project to ensure early completion of the building of Khyber Medical University (KMU) Peshawar. According to details, the government
Published 11 Sep, 2011 12:00am
Faheem rebuts allegations levelled by Nawaz

Faheem rebuts allegations levelled by Nawaz

Expressing concerns over the allegations raised by Mohammad Nawaz Sharif against Senior Federal Minister of Commerce Makhdoom Amin Faheem, Makhdoom's spokesman said that such a way of politics is becoming a significant reason for Nawaz Sharif's political
Published 11 Sep, 2011 12:00am
LEAs detain: 35 suspects, recover arms

LEAs detain: 35 suspects, recover arms

Law Enforcement Agencies on Saturday claimed to have detained over 35 suspects and recovered weapons in separate search operations in various parts of the metropolis here. According to sources, heavy contingents of rangers, female personnel, commandos and
Published 11 Sep, 2011 12:00am
APML information secretary Punjab resigns

APML information secretary Punjab resigns

All Pakistan Muslim League (APML) Punjab secretary information Javaid Badr on Saturday tendered resignation from his office in protest against non-political attitude of some elements within the party. In his resignation sent to spokesman of APML, Badr sai
Published 11 Sep, 2011 12:00am
National Assembly, Senate await stormy sessions today

National Assembly, Senate await stormy sessions today

National Assembly and Senate await stormy sessions tomorrow (Monday) following allegations and counter-allegations by former Sindh Home Minister Dr Zulqar Mirza followed by MQM's chief Altaf Hussain press conference. The two houses of the Parliament have
Published 11 Sep, 2011 12:00am
Hotel industry still an attractive business

Hotel industry still an attractive business

In spite of deteriorating law and order situation in Pakistan, the hotel industry is still one of the most attractive business that is still alluring foreign investors. Sardar Tanveer Ilyas Khan CEO Pak Gulf Construction Co (Pvt) Ltd said while talking to
Published 11 Sep, 2011 12:00am
PTCL, Muller & Phipps sign distribution accord

PTCL, Muller & Phipps sign distribution accord

Pakistan Telecommunication Company Limited (PTCL) has signed a nation-wide distribution agreement for EVO and related products with Muller & Phipps, the largest and oldest distribution company established in 1912. With this agreement PTCL intends to reach
Published 11 Sep, 2011 12:00am
CJP urged to launch probe into May 12 mayhem

CJP urged to launch probe into May 12 mayhem

Awami National Party (ANP) on Saturday demanded of the Chief Justice of Pakistan to investigate the May 12 incident, besides constituting a judicial committee to probe into the 'political parties running on foreign aid'. Secretary Information Senator, Zah
Published 11 Sep, 2011 12:00am
Five target killers arrested

Five target killers arrested

Crime Investigation Department (CID) and Anti-Extremist Cell (AEC) on Saturday claimed to have nabbed some 11 persons including five target killers in separate raids at various parts of metropolis.
Published 11 Sep, 2011 12:00am
Rs 5.33 million looted

Rs 5.33 million looted

A gang of armed robbers on Saturday looted Rs 5.33 million from a house located within the limits of Mobina town police station. According to the police, some six armed men barged in a house and held the residents hostages at gunpoint. The robbers looted
Published 11 Sep, 2011 12:00am
Thatta badly affected area

Thatta badly affected area

As rain devastation continues in lower Sindh District Thatta is one of the most affected areas where as many as 1,086,638 persons of 494 villages have been affected during the current spell of heavy rain across the district, says a statement issued by the
Published 11 Sep, 2011 12:00am
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