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Print - 2011-10-26
SHO punished for not producing case record

SHO punished for not producing case record

Justice Shahid Hameed Dar here on Tuesday while punishing SHO Dijkot, Faisalabad directed him to stand facing the wall for two hours in the courtroom. The court put off further hearing of the case for a week. The SHO police station Dijkot, Muhammad Saeed,
Published 26 Oct, 2011 12:00am
No concept of justice without democracy, says Asma

No concept of justice without democracy, says Asma

Supreme Court Bar Association (SCBA) President Asma Jahangir has said that the judiciary is performing its constitutional duty by keeping a check on the performance of the government. He said that now government functionaries could not influence the judic
Published 26 Oct, 2011 12:00am
LHC moved against holding of rallies

LHC moved against holding of rallies

A citizen has approached the Lahore High Court against holding of the rallies by the PML(N) and PTI. The petitioner Rana Azeem contended that both the said political parties are after boosting up the political business at the cost of the rights and facili
Published 26 Oct, 2011 12:00am
PTI refuses to cancel rally on October 30

PTI refuses to cancel rally on October 30

Pakistan Tehreek-e-Insaf (PTI) is all set to hold its grand rally, scheduled for October 30 in Lahore despite government plea to postpone the demonstration in the aftermath of sudden death of Begum Nusrat Bhutto. The government had announced to cancel all
Published 26 Oct, 2011 12:00am
Former MPAs join PML-N

Former MPAs join PML-N

Former Members Punjab Assembly, Mian Mumtaz Ahmad, Chaudhry Masood Ahmad from Rahim Yar Khan and Chaudhry Saeed Ahmad Gujjar from Sahiwal called on Punjab Chief Minister Shahbaz Sharif here Tuesday and expressing their complete confidence in the leadershi
Published 26 Oct, 2011 12:00am
Clinton's threat: US embassy contradicts reports

Clinton's threat: US embassy contradicts reports

The United States embassy has contradicted news reports attributed to Secretary of State Hillary Clinton threatening Pakistan of unilateral action and reiterated her commitment that US stands together with Pakistan and Afghanistan to avoid "dire consequen
Published 26 Oct, 2011 12:00am
Shifting of PS Darakhshan: SHC issues notices

Shifting of PS Darakhshan: SHC issues notices

A division bench of Sindh High Court (SHC) Tuesday issued notices in a petition regarding shifting of Darakhshan police station as well as residence cum office of a CID police official from purely residential area of Clifton Town to some other place.
Published 26 Oct, 2011 12:00am
Ghaibana Namaz-e-Janaza of Saudi Crown Prince offered

Ghaibana Namaz-e-Janaza of Saudi Crown Prince offered

Ghaibana Namaz- e-Janaza (funeral prayer in absentia) for Saudi Crown Prince, Sultan bin Abdel Aziz Al Saud, was offered at Sultan Masjid, Defence Society here on Tuesday. Besides, Saudi Consul General, the members of the business community and envoys of
Published 26 Oct, 2011 12:00am
FBR transfers and postings

FBR transfers and postings

The Federal Board of Revenue has transferred and posted 13 officials of Inland Revenue Service (Grade-17 to 20) with immediate effect. According to a notification issued here on Tuesday.
Published 26 Oct, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (October 25, 2011) and the forecast for Wesdnesday (October 26, 2011).

Published 26 Oct, 2011 12:00am
We need corruption-free judiciary: CJP

We need corruption-free judiciary: CJP

"Our moto is zero tolerance towards corruption and we need corruption free judiciary," said the Chief Justice Iftikhar Muhammad Chaudhry while addressing a delegation of Islamabad District Bar Association. The delegation was headed by its President Haroon
Published 26 Oct, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 25, 2011).

Published 26 Oct, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 25, 2011).

Published 26 Oct, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 26 Oct, 2011 12:00am
Ten killed in van gas-cylinder blast

Ten killed in van gas-cylinder blast

At least 10 passengers were killed and several other injured as a gas cylinder of van exploded, a private news channel reported on Tuesday. The incident occurred in Kala Chitta area of Attock. The injured were shifted to different hospitals.
Published 26 Oct, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 26 Oct, 2011 12:00am
Gang of dacoits arrested

Gang of dacoits arrested

Crime Investigation Agency (CIA) of Police has busted an inter-provincial gang of dacoits and also arrested four other criminals for having fake currency and drugs. The Police spokesman said that a special investigation team raided the hideout of inter-pr
Published 26 Oct, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 25, 2011).

Published 26 Oct, 2011 12:00am
Four killed in bomb attack on vehicle

Four killed in bomb attack on vehicle

Four people were killed in a remote control bomb attack on a vehicle at Ghawara Banda, Shinokas, tehsil Samarbagh district Lower here on Tuesday morning, said police. The victims have been identified as Rehmat Tawab son of Aziz-ur-Rehman, Aziz-ur-Rehman s
Published 26 Oct, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (October 25, 2011) and for Wesdnesday (October 26, 2011).
Published 26 Oct, 2011 12:00am
IPLC introduces high-tech cash track device

IPLC introduces high-tech cash track device

Chief of Industrial-Police Liaison Committee (IPLC) Syed Omer Nazar Shah on Tuesday said after launching a Personal Security Device & Tracking System on the request of owners of shuttle-less powerloom factories and the exporters of yarn and fabric warehou
Published 26 Oct, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 25, 2011).

Published 26 Oct, 2011 12:00am
Canada offers Fulbright scholarship to Pakistani students

Canada offers Fulbright scholarship to Pakistani students

High Commissioner of Canada to Pakistan Ross Garfield Hynes has said Canada and Pakistan can develop meaningful collaboration in sectors like education, agriculture and livestock and women empowerment. Hynes offered Canadian Fulbright scholarship to Pakis
Published 26 Oct, 2011 12:00am
18,000 flee homes in Khyber

18,000 flee homes in Khyber

At least 18,000 people have fled their homes in tribal district of Khyber, fearing a fresh onslaught of fighting between the army and militants, officials said Tuesday. Families streamed out of the district, a flashpoint for Taliban and other violent grou
Published 26 Oct, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (October 25, 2011).

Published 26 Oct, 2011 12:00am
CNG stations remain closed

CNG stations remain closed

All CNG filling stations of Lahore, Gujranwala, Sheikhupura, Sahiwal and Multan region remained closed on Tuesday to observe the second weekly holiday. Passengers had to face immense problems in reaching destinations as most public transport stayed off th
Published 26 Oct, 2011 12:00am
Appointment of Dr Qazi

Appointment of Dr Qazi

The Board of Directors of Shifa International Hospital Ltd has announced the appointment of Dr Manzoor-ul-Haq Qazi as President and Chief Executive Officer (CEO) of the hospital with immediate effect. Dr Qazi has been serving as Medical Director and Consu
Published 26 Oct, 2011 12:00am
Claims galore: What's wrong with ERS?

Claims galore: What's wrong with ERS?

Some of the Regional Tax Offices have expressed concern over the sudden increase in the sales tax refund claims under the Expeditious Refund System, reflecting that something is seriously wrong with the system. Sources told Business Recorder here o
Published 26 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 25, 2011).

Published 26 Oct, 2011 12:00am
How to end electricity crisis?

How to end electricity crisis?

In a major policy shift, government has decided to dissolve Pepco by this month of October 2011.The Government has to give GST refund to PEPCO. Government has decided to amend the National Electric Power Regulatory Authority Act to allow provinces to gene
Published 26 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 25, 2011).

Published 26 Oct, 2011 12:00am
Power sector - the way forward

Power sector - the way forward

One of the most talked about subjects on every forum these days is the crisis in the power sector. Everyone seems to be presenting a solution according to his or her own understanding of the challenges this sector faces. However, it would be prudent to fi
Published 26 Oct, 2011 12:00am
Why the decline of the West is best for us - and them

Why the decline of the West is best for us - and them

Ten years ago, America had Steve Jobs, Bob Hope and Johnny Cash. Now it has no Jobs, no Hope and no Cash. Or so the joke goes. Only, it's no joke. The line is pretty close to reality in the US. The less said about Europe the better. Both the US and Europe
Published 26 Oct, 2011 12:00am
Privatise them!

Privatise them!

The state-owned enterprises (SOEs) are bleeding heavily and the recent figures released through official sources, estimate that the losses have exceeded 500 billion rupees annually. Recently, the prime minister spoke on this issue while addressing the bus
Published 26 Oct, 2011 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

Minor changes were seen in the rupee value versus dollar on the currency market on Tuesday, dealers said. The rupee fell in relation to dollar for buying and selling at 86.81 and 86.84, they said.
Published 26 Oct, 2011 12:00am
Will the Railways crisis be solved?

Will the Railways crisis be solved?

A shortage of locomotives has compelled Pakistan Railways (PR) to suspend more of its passenger trains. The number of daily suspensions is alarmingly high. Railways is finding it an increasing challenge to clear arrears of Pakistan State Oil for its fuel
Published 26 Oct, 2011 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

Minor changes were seen in the rupee value versus dollar on the currency market on Tuesday, dealers said. The rupee fell in relation to dollar for buying and selling at 86.81 and 86.84, they said.
Published 26 Oct, 2011 12:00am
The killer jolt in Turkey

The killer jolt in Turkey

The death toll taken by the 7.2 magnitude earthquake that struck Turkey's south-eastern cities of Van and Ercis and villages around them neared 300, and is likely to soar as hopes of recovering hundreds buried under the collapsed buildings alive fade. Tho
Published 26 Oct, 2011 12:00am
Man United strikes telecom deal

Man United strikes telecom deal

Manchester United hopes to reach to its estimated 10 million fans in Pakistan after striking a three-year deal with a telecom company The deal with Zong will give United fans in Pakistan a chance to see all the goals scored, exclusive interviews and news
Published 26 Oct, 2011 12:00am
Man United strikes telecom deal

Man United strikes telecom deal

Manchester United hopes to reach to its estimated 10 million fans in Pakistan after striking a three-year deal with a telecom company The deal with Zong will give United fans in Pakistan a chance to see all the goals scored, exclusive interviews and news
Published 26 Oct, 2011 12:00am
Man United strikes telecom deal

Man United strikes telecom deal

Manchester United hopes to reach to its estimated 10 million fans in Pakistan after striking a three-year deal with a telecom company The deal with Zong will give United fans in Pakistan a chance to see all the goals scored, exclusive interviews and news
Published 26 Oct, 2011 12:00am
Can suspended senator retain ministerial position?

Can suspended senator retain ministerial position?

The constitution bars a senator who holds a portfolio from performing his duties if his/her membership of the Senate is suspended. However, a member of the National Assembly, who holds a portfolio, can retain his position for six months.
Published 26 Oct, 2011 12:00am
Can suspended senator retain ministerial position?

Can suspended senator retain ministerial position?

The constitution bars a senator who holds a portfolio from performing his duties if his/her membership of the Senate is suspended. However, a member of the National Assembly, who holds a portfolio, can retain his position for six months.
Published 26 Oct, 2011 12:00am
MCB records pre-tax profit of Rs 24.165 billion

MCB records pre-tax profit of Rs 24.165 billion

MCB Bank Limited registered remarkable financial performance in the nine months ended September 30, 2011 as profit before and after tax increased to Rs 24.165 billion and Rs 15.515 billion respectively, increasing by 25 percent and 24 percent over the cor
Published 26 Oct, 2011 12:00am
MCB records pre-tax profit of Rs 24.165 billion

MCB records pre-tax profit of Rs 24.165 billion

MCB Bank Limited registered remarkable financial performance in the nine months ended September 30, 2011 as profit before and after tax increased to Rs 24.165 billion and Rs 15.515 billion respectively, increasing by 25 percent and 24 percent over the cor
Published 26 Oct, 2011 12:00am
MCB records pre-tax profit of Rs 24.165 billion

MCB records pre-tax profit of Rs 24.165 billion

MCB Bank Limited registered remarkable financial performance in the nine months ended September 30, 2011 as profit before and after tax increased to Rs 24.165 billion and Rs 15.515 billion respectively, increasing by 25 percent and 24 percent over the cor
Published 26 Oct, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Oct, 2011 12:00am
MCB records pre-tax profit of Rs 24.165 billion

MCB records pre-tax profit of Rs 24.165 billion

MCB Bank Limited registered remarkable financial performance in the nine months ended September 30, 2011 as profit before and after tax increased to Rs 24.165 billion and Rs 15.515 billion respectively, increasing by 25 percent and 24 percent over the cor
Published 26 Oct, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 26 Oct, 2011 12:00am
Political activities at Presidency: LHC constitutes full bench

Political activities at Presidency: LHC constitutes full bench

The Lahore High Court Chief Justice here on Tuesday constituted a Full Bench to hear the petition against the alleged use of presidency for political activities by the President Asif Ali Zardari in violation of court order passed in May last. The Bench, c
Published 26 Oct, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Oct, 2011 12:00am
Political activities at Presidency: LHC constitutes full bench

Political activities at Presidency: LHC constitutes full bench

The Lahore High Court Chief Justice here on Tuesday constituted a Full Bench to hear the petition against the alleged use of presidency for political activities by the President Asif Ali Zardari in violation of court order passed in May last. The Bench, c
Published 26 Oct, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 26 Oct, 2011 12:00am
PML-N to resume anti-government drive from today

PML-N to resume anti-government drive from today

Pakistan Muslim League-Nawaz (PML-N) is all set to resume its anti-government drive from Wednesday (today) after observing three-day mourning over the death of Begum Nusrat Bhutto. In connection with the drive, Chief Minister Punjab Shahbaz Sharif will ad
Published 26 Oct, 2011 12:00am
PML-N to resume anti-government drive from today

PML-N to resume anti-government drive from today

Pakistan Muslim League-Nawaz (PML-N) is all set to resume its anti-government drive from Wednesday (today) after observing three-day mourning over the death of Begum Nusrat Bhutto. In connection with the drive, Chief Minister Punjab Shahbaz Sharif will ad
Published 26 Oct, 2011 12:00am
Date for tax returns extended

Date for tax returns extended

The Federal Board of Revenue has extended the date of filing of income tax returns/statements for the Tax Year 2011 upto October 31, 2011. In this connection, the FBR has issued income tax circular 15 of 2011 here on Tuesday. According to the circular, in
Published 26 Oct, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Oct, 2011 12:00am
Date for tax returns extended

Date for tax returns extended

The Federal Board of Revenue has extended the date of filing of income tax returns/statements for the Tax Year 2011 upto October 31, 2011. In this connection, the FBR has issued income tax circular 15 of 2011 here on Tuesday. According to the circular, in
Published 26 Oct, 2011 12:00am
Date for tax returns extended

Date for tax returns extended

The Federal Board of Revenue has extended the date of filing of income tax returns/statements for the Tax Year 2011 upto October 31, 2011. In this connection, the FBR has issued income tax circular 15 of 2011 here on Tuesday. According to the circular, in
Published 26 Oct, 2011 12:00am
Haqqanis will not talk Afghan peace alone: commander

Haqqanis will not talk Afghan peace alone: commander

The Afghan Haqqani militant group will not take part individually in any peace talks with the United States and negotiations must be led by the Taliban, a senior commander told Reuters on Tuesday. "They (the Americans) would not be able to find a possible
Published 26 Oct, 2011 12:00am
Haqqanis will not talk Afghan peace alone: commander

Haqqanis will not talk Afghan peace alone: commander

The Afghan Haqqani militant group will not take part individually in any peace talks with the United States and negotiations must be led by the Taliban, a senior commander told Reuters on Tuesday. "They (the Americans) would not be able to find a possible
Published 26 Oct, 2011 12:00am
Karachi business community, FBR team meeting today

Karachi business community, FBR team meeting today

The Karachi-based business community and exporters would discuss six crucial issues of sales tax, income tax and customs duty with the Federal Board of Revenue (FBR) in Karachi on Wednesday, October 26, to take final decision on some controversial provisi
Published 26 Oct, 2011 12:00am
Karachi business community, FBR team meeting today

Karachi business community, FBR team meeting today

The Karachi-based business community and exporters would discuss six crucial issues of sales tax, income tax and customs duty with the Federal Board of Revenue (FBR) in Karachi on Wednesday, October 26, to take final decision on some controversial provisi
Published 26 Oct, 2011 12:00am
Karachi business community, FBR team meeting today

Karachi business community, FBR team meeting today

The Karachi-based business community and exporters would discuss six crucial issues of sales tax, income tax and customs duty with the Federal Board of Revenue (FBR) in Karachi on Wednesday, October 26, to take final decision on some controversial provisi
Published 26 Oct, 2011 12:00am
ISE index up 18.48 points

ISE index up 18.48 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 18.48 points from 2,458.69 points to 2,477.17 points. Turnover amounted to 42,100 shares
Published 26 Oct, 2011 12:00am
ISE index up 18.48 points

ISE index up 18.48 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 18.48 points from 2,458.69 points to 2,477.17 points. Turnover amounted to 42,100 shares
Published 26 Oct, 2011 12:00am
LSE index gains 13.86 points

LSE index gains 13.86 points

Bearish sentiment dominated on Lahore Stock Exchange on Tuesday where equities depicted downward trend but last-hour buying helped the market recover amid fresh buying in select scrips. The LSE-25 index gained 13.86 points and closed at 3190.33 points aga
Published 26 Oct, 2011 12:00am
LSE index gains 13.86 points

LSE index gains 13.86 points

Bearish sentiment dominated on Lahore Stock Exchange on Tuesday where equities depicted downward trend but last-hour buying helped the market recover amid fresh buying in select scrips. The LSE-25 index gained 13.86 points and closed at 3190.33 points aga
Published 26 Oct, 2011 12:00am
Cricket fixing trial judge begins summary

Cricket fixing trial judge begins summary

The judge presiding over the Pakistan cricket spot-fixing trial has instructed the jury at a London court on Tuesday to accept that teenage bowler Mohammad Amir and agent Mazhar Majeed were involved in fixing. Former Pakistan test captain Salman Butt and
Published 26 Oct, 2011 12:00am
President condoles death of Saudi Crown Prince

President condoles death of Saudi Crown Prince

President Asif Ali Zardari on Tuesday met Deputy Prime Minister and Interior Minister of Saudi Arabia Prince Naef Bin Abdul Aziz and expressed condolences over the demise of Crown Prince Sultan Bin Abdul Aziz Al Saud. Governor Riyadh Prince Salman Bin Abd
Published 26 Oct, 2011 12:00am
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