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Print - 2011-09-29
Finance ministry employee held on militant links

Finance ministry employee held on militant links

Authorities have arrested an employee of the finance ministry on suspicion of links to militant groups, police said on Wednesday. The suspect, identified as Sardar Ali Khattak, was on a hilltop near President Asif Ali Zardari's residence in Islamabad when
Published 29 Sep, 2011 12:00am
Finance ministry employee held on militant links

Finance ministry employee held on militant links

Authorities have arrested an employee of the finance ministry on suspicion of links to militant groups, police said on Wednesday. The suspect, identified as Sardar Ali Khattak, was on a hilltop near President Asif Ali Zardari's residence in Islamabad when
Published 29 Sep, 2011 12:00am
EU lawmakers back tougher budget rules

EU lawmakers back tougher budget rules

The European Parliament voted on Wednesday to toughen EU budget rules in a bid to help restore market confidence in the region's public finances and prevent future sovereign debt crises. The new rules will make it easier to quickly impose financial penalt
Published 29 Sep, 2011 12:00am
EU lawmakers back tougher budget rules

EU lawmakers back tougher budget rules

The European Parliament voted on Wednesday to toughen EU budget rules in a bid to help restore market confidence in the region's public finances and prevent future sovereign debt crises. The new rules will make it easier to quickly impose financial penalt
Published 29 Sep, 2011 12:00am
EU lawmakers back tougher budget rules

EU lawmakers back tougher budget rules

The European Parliament voted on Wednesday to toughen EU budget rules in a bid to help restore market confidence in the region''s public finances and prevent future sovereign debt crises. The new rules will make it easier to quickly impose financial penal
Published 29 Sep, 2011 12:00am
Increase in cotton, sugar import: trade deficit likely to swell

Increase in cotton, sugar import: trade deficit likely to swell

Pakistan's trade deficit is likely to swell in the current fiscal year following a considerable increase in imports in the wake of floods in Sindh and Balochistan that damaged cotton, sugar, vegetables and other cash crops. A widening trade deficit would,
Published 29 Sep, 2011 12:00am
Increase in cotton, sugar import: trade deficit likely to swell

Increase in cotton, sugar import: trade deficit likely to swell

Pakistan's trade deficit is likely to swell in the current fiscal year following a considerable increase in imports in the wake of floods in Sindh and Balochistan that damaged cotton, sugar, vegetables and other cash crops. A widening trade deficit would,
Published 29 Sep, 2011 12:00am
Increase in cotton, sugar import: trade deficit likely to swell

Increase in cotton, sugar import: trade deficit likely to swell

Pakistan''s trade deficit is likely to swell in the current fiscal year following a considerable increase in imports in the wake of floods in Sindh and Balochistan that damaged cotton, sugar, vegetables and other cash crops. A widening trade deficit would
Published 29 Sep, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
Pakistan-US tension refuses to die down: all-Parties Conference today

Pakistan-US tension refuses to die down: all-Parties Conference today

An All-Parties Conference would be held today (Thursday). Director General ISI Lieutenant General Shuja Pasha and Foreign Minister Hina Rabbani Khar would brief the political leadership on national security situation and try to evolve a unanimous stance o
Published 29 Sep, 2011 12:00am
Pakistan-US tension refuses to die down: all-Parties Conference today

Pakistan-US tension refuses to die down: all-Parties Conference today

An All-Parties Conference would be held today (Thursday). Director General ISI Lieutenant General Shuja Pasha and Foreign Minister Hina Rabbani Khar would brief the political leadership on national security situation and try to evolve a unanimous stance o
Published 29 Sep, 2011 12:00am
No disagreement in Pentagon on Pakistan role: US

No disagreement in Pentagon on Pakistan role: US

The Pentagon rejected reports Wednesday of disagreement among US officials over Pakistan's role in Afghanistan after the top US military officer accused Islamabad of backing extremists. A Pentagon spokesman said Defence Secretary Leon Panetta endorsed the
Published 29 Sep, 2011 12:00am
No disagreement in Pentagon on Pakistan role: US

No disagreement in Pentagon on Pakistan role: US

The Pentagon rejected reports Wednesday of disagreement among US officials over Pakistan's role in Afghanistan after the top US military officer accused Islamabad of backing extremists. A Pentagon spokesman said Defence Secretary Leon Panetta endorsed the
Published 29 Sep, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
White House treads carefully

White House treads carefully

The White House Wednesday declined to reinforce the top US military officer's warning that the al Qaeda-linked Haqqani network was a "veritable arm" of Pakistani intelligence. But a senior official again candidly said Washington was concerned about links
Published 29 Sep, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
White House treads carefully

White House treads carefully

The White House Wednesday declined to reinforce the top US military officer's warning that the al Qaeda-linked Haqqani network was a "veritable arm" of Pakistani intelligence. But a senior official again candidly said Washington was concerned about links
Published 29 Sep, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
Index gains 94.45 points

Index gains 94.45 points

The Karachi share market on Wednesday witnessed a positive trend because of massive buying in oil and fertiliser sector and KSE-100 index surged by 94.45 points to close at 11,625.69 points from 11,531.24 points. During the trading KSE-100 index also hit
Published 29 Sep, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
Index gains 94.45 points

Index gains 94.45 points

The Karachi share market on Wednesday witnessed a positive trend because of massive buying in oil and fertiliser sector and KSE-100 index surged by 94.45 points to close at 11,625.69 points from 11,531.24 points. During the trading KSE-100 index also hit
Published 29 Sep, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
Index gains 94.45 points

Index gains 94.45 points

The Karachi share market on Wednesday witnessed a positive trend because of massive buying in oil and fertiliser sector and KSE-100 index surged by 94.45 points to close at 11,625.69 points from 11,531.24 points. During the trading KSE-100 index also hit
Published 29 Sep, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
BRIndex30 up 135.3 points

BRIndex30 up 135.3 points

On Wednesday, the BRIndex30 opened at 8,573.17 points. It touched the intra-day high of 8,737.61 points and low of 8,543.42 points, and closed at 8,708.47 points with a net positive change of 135.3 points, or 1.58 percent higher than previous close. The v
Published 29 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
BRIndex30 up 135.3 points

BRIndex30 up 135.3 points

On Wednesday, the BRIndex30 opened at 8,573.17 points. It touched the intra-day high of 8,737.61 points and low of 8,543.42 points, and closed at 8,708.47 points with a net positive change of 135.3 points, or 1.58 percent higher than previous close. The v
Published 29 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
President, Prime Minister, CoAS review current situation

President, Prime Minister, CoAS review current situation

A meeting was held at the Presidency Wednesday night between President Asif Ali Zardari, Prime Minister Syed Yousuf Raza Gilani and Chief of the Army Staff General Ashfaq Parvez Kayani. Spokesperson Farhatullah Babar said that the meeting reviewed the cur
Published 29 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
'US close to decision on Haqqani terrorist label'

'US close to decision on Haqqani terrorist label'

US Secretary of State Hillary Clinton said on Wednesday that Washington was close to making a decision on whether to designate the Haqqani network as a foreign terrorist group. "We are in the final, formal review that has to be undertaken to make a govern
Published 29 Sep, 2011 12:00am
Support wavers for US economic aid to Pakistan

Support wavers for US economic aid to Pakistan

Senator Richard Lugar says the US effort to aid Pakistan named after him and two other lawmakers has not had enough time to achieve one of its main goals: dispel Pakistani mistrust of the United States. Few others in Congress seem keen to give it more tim
Published 29 Sep, 2011 12:00am
UN council hands Palestinian UN bid to review panel

UN council hands Palestinian UN bid to review panel

The UN Security Council on Wednesday unanimously agreed to hand the Palestinian application to join the United Nations to a committee that will review and assess it in the coming weeks. The standing committee on the admission of new members to the world b
Published 29 Sep, 2011 12:00am
Islamabad in contact with Washington: Bashir

Islamabad in contact with Washington: Bashir

Foreign Secretary Salman Bashir on Wednesday said that Pakistan has been actively co-operating with the international community to ensure peace and security in the region and no one could undermine its contributions in fighting terrorism. Talking to repor
Published 29 Sep, 2011 12:00am
Afaq detained under MPO soon after his release

Afaq detained under MPO soon after his release

Mohajir Qaumi Movement- Haqiqi (MQM-H) chief Afaq Ahmed was detained for one month under the Maintenance of Public Order, soon after his release on bail by the Sindh High Court, on Wednesday. The home department had issued a notification that Afaq Ahmad w
Published 29 Sep, 2011 12:00am
Afaq detained under MPO soon after his release

Afaq detained under MPO soon after his release

Mohajir Qaumi Movement- Haqiqi (MQM-H) chief Afaq Ahmed was detained for one month under the Maintenance of Public Order, soon after his release on bail by the Sindh High Court, on Wednesday. The home department had issued a notification that Afaq Ahmad w
Published 29 Sep, 2011 12:00am
US blacklists two leaders of Lashkar-e-Taiba

US blacklists two leaders of Lashkar-e-Taiba

The US Treasury Department said on Wednesday it was blacklisting two officials of the Pakistan-based Lashkar-e-Taiba. The move means that US citizens will be prohibited from having any dealings with Zafar Iqbal or Hafiz Abdul Salam Bhuttavi and any of the
Published 29 Sep, 2011 12:00am
US blacklists two leaders of Lashkar-e-Taiba

US blacklists two leaders of Lashkar-e-Taiba

The US Treasury Department said on Wednesday it was blacklisting two officials of the Pakistan-based Lashkar-e-Taiba. The move means that US citizens will be prohibited from having any dealings with Zafar Iqbal or Hafiz Abdul Salam Bhuttavi and any of the
Published 29 Sep, 2011 12:00am
FBR to ensure implementation of uniform law for documentation

FBR to ensure implementation of uniform law for documentation

The Federal Board of Revenue would ensure implementation of a uniform policy for documentation of un-registered buyers/sellers in all the sectors including powerful/influential lobbies to avoid multi-faceted tax treatment to different industries.
Published 29 Sep, 2011 12:00am
FBR to ensure implementation of uniform law for documentation

FBR to ensure implementation of uniform law for documentation

The Federal Board of Revenue would ensure implementation of a uniform policy for documentation of un-registered buyers/sellers in all the sectors including powerful/influential lobbies to avoid multi-faceted tax treatment to different industries.
Published 29 Sep, 2011 12:00am
FBR to ensure implementation of uniform law for documentation

FBR to ensure implementation of uniform law for documentation

The Federal Board of Revenue would ensure implementation of a uniform policy for documentation of un-registered buyers/sellers in all the sectors including powerful/influential lobbies to avoid multi-faceted tax treatment to different industries.
Published 29 Sep, 2011 12:00am
EU proposes 0.1 percent financial transaction tax

EU proposes 0.1 percent financial transaction tax

The European Union's executive proposed a bloc-wide tax on financial transactions it said would raise 57 billion euros a year, but banks described the plan as nonsense and Britain said it would only support a global levy.
Published 29 Sep, 2011 12:00am
Iran's interior minister meets Zardari

Iran's interior minister meets Zardari

President Asif Ali Zardari on Wednesday said promotion of intra-regional and inter-regional connectivity was a key to the socio-economic development and stressed that Iran has a major role to play along with Pakistan due to their geo-strategic locations.
Published 29 Sep, 2011 12:00am
Iran's interior minister meets Zardari

Iran's interior minister meets Zardari

President Asif Ali Zardari on Wednesday said promotion of intra-regional and inter-regional connectivity was a key to the socio-economic development and stressed that Iran has a major role to play along with Pakistan due to their geo-strategic locations.
Published 29 Sep, 2011 12:00am
Iran jails Nobel winner's aide for 11 years

Iran jails Nobel winner's aide for 11 years

Iran has sentenced a close aide to Nobel peace laureate Shirin Ebadi to 11 years in jail on charges of working to undermine the regime, opposition websites reported on Wednesday. "Mohammadi was sentenced to a total of 11 years in jail on Tuesday," reporte
Published 29 Sep, 2011 12:00am
Car bomb kills six in Russia's Dagestan

Car bomb kills six in Russia's Dagestan

One policeman and five civilians were killed when a car bomb exploded in Russia's violence-plagued Muslim North Caucasus province of Dagestan on Wednesday, authorities said. The attack comes after three car bombs killed six people and gunmen killed four m
Published 29 Sep, 2011 12:00am
Imposition of 16 percent GST to ruin tractor industry: LCCI

Imposition of 16 percent GST to ruin tractor industry: LCCI

The Lahore Chamber of Commerce and Industry has said that imposition of 16 percent General Sales Tax and decision to allow import will not only ruin the tractor industry but it would also have fatal repercussions on the agriculture economy and engineering
Published 29 Sep, 2011 12:00am
'70,000 people die annually from rabies'

'70,000 people die annually from rabies'

As many as 70,000 people die annually from rabies which causes a loss of million of dollars to us. Rabies is a killer disease, which is being caused by 90 per cent dog bite around the globe but it can be prevented through proper vaccination.
Published 29 Sep, 2011 12:00am
Retired DMG officers vacate GOR-I residences

Retired DMG officers vacate GOR-I residences

Retired DMG officers, including GM Sikandar, Hamid Shah and Yousaf Kamal, have vacated their residences in GOR-I, while the requests of retired DMG officers Safdar Javed Syed and Zia ur Rehman are pending with Chief Minister's Secretariat for seeking exte
Published 29 Sep, 2011 12:00am
Application dismissed to restore petition against MNA

Application dismissed to restore petition against MNA

An Election Tribunal (ET) of the Lahore High Court (LHC) on Wednesday dismissed an application for non-prosecution seeking restoration of an election petition against PML-N Pervaiz Malik, MNA from NA-123. The petition was filed by Rana Naek Muhammad seeki
Published 29 Sep, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Sep, 2011 12:00am
PWC protests over release of water from dams for power generation

PWC protests over release of water from dams for power generation

Punjab Water Council (PWC) has strongly protested against release of additional water from the two main reservoirs, Tarbela and Mangla to augment hydel power generation for bridging the widening gap between demand and supply, which has risen to 6,000 MW.
Published 29 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 29 Sep, 2011 12:00am
US won't carry out ground assault, says Musharraf

US won't carry out ground assault, says Musharraf

Former president Pervez Musharraf said that the US would not carry out any ground assault inside Pakistan, Aaj News reported. He pointed that once Osama bin Laden and Ayman al-Zawahari were allies of the whole world, Aaj news reported. Musha
Published 29 Sep, 2011 12:00am
Two alleged terrorists arrested

Two alleged terrorists arrested

The Crime Investigation Departments (CID) has claimed to have arrested two alleged terrorists belonging to banned outfit and recovered explosives from their possession during raid near a private university in the limits of Shah Latif Town police station,
Published 29 Sep, 2011 12:00am
Things becoming better

Things becoming better

How deep is the relation between Pakistan Peoples Party and the people of Pakistan? It can be judged by the fact that Co-chairman of Pakistan Peoples Party and President Asif Ali Zardari has established his camp office at Bilawal House Karachi leaving Pre
Published 29 Sep, 2011 12:00am
One killed in attack on oil company staffers

One killed in attack on oil company staffers

A man was killed and four others suffered wounds in an attack on the personnel of an oil and gas exploration company here in Shahragh area of Balochistan on Wednesday. Levis official said that unidentified armed men opened indiscriminate fire at the staff
Published 29 Sep, 2011 12:00am
Annual examinations 2009-10: SU notifies names of position holders

Annual examinations 2009-10: SU notifies names of position holders

Sindh University has notified the names of students, who have secured positions in annual examination 2009-2010 from college side on Wednesday. According to a notification issued by the Controller of Examination, Muhammad Nawaz Narejo, in B.A, Anand Kumar
Published 29 Sep, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
DCO visits rain-affected areas

DCO visits rain-affected areas

District Co-ordination Officer (DCO) Khairpur, Muhammad Abbas Baloch visited the rain-hit areas of Faiz Ganj and Thari Mirwah Taluka on Wednesday to review and monitor the relief and rehabilitation work. The DCO during his visit met with rain-affected peo
Published 29 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 29 Sep, 2011 12:00am
Imran Khan to attend APC today

Imran Khan to attend APC today

Dr Shireen Mazari, Vice President in-charge of Foreign and Security Policy, Pakistan Tehreek-i-Insaf (PTI) said that Imran Khan, Chairman, PTI accepted invitation for participation in APC in the national interest and it should be taken as support to the p
Published 29 Sep, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
World Vegetarian Day on October 1

World Vegetarian Day on October 1

The World Vegetarian Day will be celebrated on 1 October in all over the world including Pakistan to create a better world because vegetarian diets have proven health benefits, save animals' lives and help to preserve the Earth.
Published 29 Sep, 2011 12:00am
Instruction posted on website: SRB lodges strong protest with FBR

Instruction posted on website: SRB lodges strong protest with FBR

Sindh Revenue Board (SRB) has lodged a strong protest with the FBR Chairman over the issue of a instruction regarding certain services posted on FBR website, sources told Business Recorder on Wednesday. The issue of authorising the collection of sa
Published 29 Sep, 2011 12:00am