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Print - 2011-11-30
Congo opposition calls for vote to be annulled

Congo opposition calls for vote to be annulled

A leading opposition challenger to Democratic Republic of Congo's President Joseph Kabila called on Tuesday for the Central African state's elections to be annulled, accusing authorities of systematic fraud. Vital Kamerhe, a former government minister, sa
Published 30 Nov, 2011 12:00am
Mali hands death penalty to French embassy attacker

Mali hands death penalty to French embassy attacker

A Malian court has sentenced to death a Tunisian man accused of throwing an explosive device at the French embassy in Mali's capital in January, wounding two people, state television reported on Tuesday. Like many countries in West Africa, Mali maintains
Published 30 Nov, 2011 12:00am
Russia activates missile warning system near EU

Russia activates missile warning system near EU

Russia on Tuesday activated a radar warning system against incoming missiles in its enclave of Kaliningrad on the borders of the EU, in response to Western plans for a US missile shield in Europe. President Dmitry Medvedev announced that the Voronezh-DM s
Published 30 Nov, 2011 12:00am
Egypt's army sees vote turnout exceeding 70 percent

Egypt's army sees vote turnout exceeding 70 percent

A member of Egypt's ruling military council said on Tuesday that he expected turnout in the first stage of a parliamentary election to exceed 70 percent. Egypt's first parliamentary poll since Hosni Mubarak was ousted began on Monday and the first round o
Published 30 Nov, 2011 12:00am
Stalin's daughter, famed defector, dies in US

Stalin's daughter, famed defector, dies in US

The only daughter of brutal Soviet tyrant Joseph Stalin - who defected to the United States in 1967 and became a vocal critic of the Soviet Union - has died at age 85, The New York Times reported Monday. Born Svetlana Stalina on February 28, 1926, she led
Published 30 Nov, 2011 12:00am
Rockets fired across Lebanon, Israel border

Rockets fired across Lebanon, Israel border

An exchange of rocket fire hit the Lebanese-Israeli border on Tuesday in the first such incident since 2009, coming at a time of heightened regional tensions over Syria and Iran's nuclear programme. UNIFIL, the UN peacekeeping force in Lebanon, said at le
Published 30 Nov, 2011 12:00am
Arab Spring leaders recognised as 'top global thinkers'

Arab Spring leaders recognised as 'top global thinkers'

Foreign Policy magazine named 14 "brave" individuals who helped bring the pro-democracy Arab Spring movements to the Middle East and North Africa as the top global thinkers of 2011. Alaa al-Aswany, the dentist turned blacklisted novelist who rose to fame
Published 30 Nov, 2011 12:00am
Tokyo tops out Paris again as world food capital

Tokyo tops out Paris again as world food capital

Tokyo has once again proved its worth at the top table of world food with more Michelin three star restaurants than Paris, according to the latest edition of the gastronomical guide. Japan as a whole also beats France, with 32 establishments granted the m
Published 30 Nov, 2011 12:00am
China's first aircraft carrier starts second trial

China's first aircraft carrier starts second trial

China's first aircraft carrier began its second sea trial on Tuesday after undergoing refurbishments and testing, the government said, as tensions over maritime territorial disputes in the region ran high. The 300-metre (990-foot) ship, a refitted former
Published 30 Nov, 2011 12:00am
Joe Biden on surprise visit to Iraq

Joe Biden on surprise visit to Iraq

US Vice President Joe Biden arrived in Baghdad on a surprise visit on Tuesday evening, as American troops depart Iraq ahead of a year-end deadline, an AFP photographer said. Biden was met at the airport by US ambassador to Iraq James Jeffrey and General L
Published 30 Nov, 2011 12:00am
Moroccan king appoints Islamist party chief as Prime Minister

Moroccan king appoints Islamist party chief as Prime Minister

King Mohammed VI on Tuesday appointed Morocco's first-ever Islamist prime minister and charged him with forming a government following his party's historic election win. Abdelilah Benkirane, head of the moderate Islamist Justice and Development Party (PJD
Published 30 Nov, 2011 12:00am
Nepal extends parliament for 'last time'

Nepal extends parliament for 'last time'

Nepalese MPs extended parliament's term for a fourth and final time Tuesday to allow the drafting of a new constitution in line with a peace accord brokered after the civil war ended in 2006. Lawmakers agreed to the six-month extension after a panel of le
Published 30 Nov, 2011 12:00am
Past decade ties for world's hottest: UN

Past decade ties for world's hottest: UN

Thirteen of the warmest years recorded have occurred within the last decade and a half, proving that global warming is a reality, the UN's World Meteorological Organisation said on Tuesday The year 2011 caps a decade that ties the record as the hottest ev
Published 30 Nov, 2011 12:00am
US-Pakistan ties troubled but repairable: US general

US-Pakistan ties troubled but repairable: US general

US-Pakistani relations are at one of their worst points in memory after the Nato strike that killed 24 Pakistani troops, but can recover, Washington's top military officer said on Monday. General Martin Dempsey said Pakistani anger was justified given the
Published 30 Nov, 2011 12:00am
Latif raw gas to be transported to Sawan plant

Latif raw gas to be transported to Sawan plant

The Ministry of Petroleum and Natural Resources has decided to transport raw gas from Latif Well through a transmission line to Sawan plant, official sources told Business Recorder here on Tuesday. Latif Petroleum Concession Agreement (PCA) was sig
Published 30 Nov, 2011 12:00am
Pakistani cable TV blocks BBC over documentary

Pakistani cable TV blocks BBC over documentary

The president of Pakistan's cable TV association says operators have blocked BBC World News because of a documentary critical of the country's commitment to fighting Islamist militants. Khalid Arain says the decision was implemented Tuesday after the netw
Published 30 Nov, 2011 12:00am
Season's lowest temperature -8C recorded in Skardu

Season's lowest temperature -8C recorded in Skardu

Temperature in Skardu dipped to minus 8 degree centigrade, lowest of the season, during the last 24 hours, the Met Office said on Tuesday. "A shallow trough of westerly wave still prevailing over northern area," the office said. It said that mainly dry we
Published 30 Nov, 2011 12:00am
China paper says US fans terror

China paper says US fans terror

China's top state newspaper on Tuesday accused the United States of flouting international law and fanning terrorism after a Nato attack killed 24 Pakistani soldiers, and it warned that the Islamabad's grip on security could be dangerously weakened.
Published 30 Nov, 2011 12:00am
'Jundullah Group involved in Karachi unrest'

'Jundullah Group involved in Karachi unrest'

The Karachi Police Department's intelligence unit has thwarted a major act of terrorism during Muharram by arresting 5 accused having affiliation with Jundullah group-an off-shoot of al Qaeda network. "It is concerted efforts of our CIA's Special Investig
Published 30 Nov, 2011 12:00am
Unilever Pakistan

Unilever Pakistan

Unilever Pakistan is the largest and one of the oldest FMCGs working in Pakistan. It is also the biggest multinational operating in Pakistan. Every day millions of people around the world use Unilever products; the Company over the decades has grown to be
Published 30 Nov, 2011 12:00am
Unilever Pakistan

Unilever Pakistan

Unilever Pakistan is the largest and one of the oldest FMCGs working in Pakistan. It is also the biggest multinational operating in Pakistan. Every day millions of people around the world use Unilever products; the Company over the decades has grown to be
Published 30 Nov, 2011 12:00am
New York cotton rebounds after hitting new 15-month low

New York cotton rebounds after hitting new 15-month low

Cotton futures settled higher on Tuesday on investor short-covering as the market rebounded from an early fall to a 15-month low, and analysts said the market should consolidate in the days ahead. The key March cotton futures rose 1.40 cents, or 1.5 perce
Published 30 Nov, 2011 12:00am
US copper rallies

US copper rallies

Copper rallied on Monday to its highest level in more than a week, amid hopes that eurozone leaders would unveil concrete measures to deal with the region's debt crisis. In New York, benchmark December copper futures traded on the COMEX exchange similarly
Published 30 Nov, 2011 12:00am
Shanghai copper gains

Shanghai copper gains

In Shanghai, the most-active February copper contract gained 0.2 percent to close at 55,460 yuan a tonne on Tuesday. In China, copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 12 percent to 65,205 tonnes last week.
Published 30 Nov, 2011 12:00am
Copper remains stable

Copper remains stable

Copper steadied on Tuesday after encouraging US consumer confidence and retail sales eased immediate worries about the outlook for the world's largest economy, but persistent fears about Europe's debt crisis prevented further gains. Three-month copper on
Published 30 Nov, 2011 12:00am
Oil stays higher

Oil stays higher

Oil prices rose on Tuesday on a report of a jump in US consumer confidence, an Italian bond auction attracting demand and after an attack by Iranian protesters on two British embassy compounds in Tehran. Investor relief after Italy managed to sell bonds,
Published 30 Nov, 2011 12:00am
Tokyo, Shanghai rubber up

Tokyo, Shanghai rubber up

Tokyo rubber futures crept higher on Tuesday on the back of firmer oil prices, but the upside was capped by profit-taking after a recent price jump to one-week highs, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for May del
Published 30 Nov, 2011 12:00am
US grains bounce

US grains bounce

Grains rose on Monday as optimism about a resolution to the eurozone debt crisis helped weaken the dollar and spurred investors to buy risk assets such as agricultural commodities that had fallen to multi-month lows. Higher crude oil added to momentum for
Published 30 Nov, 2011 12:00am
Palm oil slips

Palm oil slips

Malaysian palm oil futures slipped on Tuesday on concerns of slower demand, although prospects of erratic weather hurting production limited losses. Traders shifted their focus from the eurozone debt crisis to prospects of weaker demand as refined palm oi
Published 30 Nov, 2011 12:00am
London cocoa near three-year low

London cocoa near three-year low

Cocoa futures crumbled Tuesday, with London bean values near a three-year low and US cocoa at a 2-1/2 year low, pressured by abundant supplies and by worries that the European debt crisis could spark a recession that would lessen demand for chocolate prod
Published 30 Nov, 2011 12:00am
US gold surges

US gold surges

Gold rose around 2 percent on Monday to above $1,700 an ounce, its biggest one-day gain in three weeks, swept higher by hopes that new proposals may emerge out of Europe to tackle the region's debt crisis. Spot gold rose 1.8 percent to $1,709.44 an ounce
Published 30 Nov, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold held steady above $1,700 per ounce on Tuesday, as investors watch a meeting of eurozone finance ministers later in the day in hopes that European policymakers will take decisive steps to tackle the region's debt crisis. Spot gold traded flat at
Published 30 Nov, 2011 12:00am
Gold steadies in London

Gold steadies in London

Gold steadied above $1,700 an ounce on Tuesday, a day after its second best session of the month, along with a recovery in risk assets such as stocks with which gold is trading more closely than at any time in the last year. Italy's borrowing costs hit a
Published 30 Nov, 2011 12:00am
US MIDDAY: grains rally

US MIDDAY: grains rally

US grain markets rose on Tuesday as investors grew more confident that Europe would resolve its debt crisis and a weaker dollar sparked a rally in commodities. Italy's successful completion of its closely watched bond auction calmed fears about eurozone d
Published 30 Nov, 2011 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose for a second consecutive session on Tuesday, extending the previous session's rally, as strong physical demand and a weaker dollar amid economic optimism lifted the precious metal. Bullion - a traditional safe haven which has recently followed r
Published 30 Nov, 2011 12:00am
200 more NBP branches to go online by the year-end

200 more NBP branches to go online by the year-end

National Bank of Pakistan (NBP) has converted its 800 branches online out of its deep rooted network of 1265 branches which cover the remotest areas of the country. According to a press release issued here on Tuesday, through online facility NBP customers
Published 30 Nov, 2011 12:00am
International conference of CCP to begin from December 1

International conference of CCP to begin from December 1

The Competition Commission of Pakistan on Tuesday announced holding of its 2nd international conference on December 1-2, 2011, with the collaboration of Competitiveness Support Fund/USAID. The theme of the conference is, "Competition Enforcement Challenge
Published 30 Nov, 2011 12:00am
QAA of HEC decides to review entry test system

QAA of HEC decides to review entry test system

The Quality Assurance Agency (QAA) of Higher Education Commission (HEC) has decided to review the entry test system to have a common testing system for each discipline, besides adapting practices to standardise accreditation processes and harmonise the ra
Published 30 Nov, 2011 12:00am
CCs to conduct audit of duty-free shops on quarterly basis

CCs to conduct audit of duty-free shops on quarterly basis

Collectors of Customs will conduct audit of the duty-free shops on quarterly basis to check any possibility of the selling of imported goods, in the open market, on fake documents. Sources told Business Recorder here on Tuesday that the Chief Colle
Published 30 Nov, 2011 12:00am
Man killed in blast

Man killed in blast

A man has been killed in an explosion that took place in a house in Kuchlak, some 20km off the city on Tuesday. Police said that according to preliminary investigation, the blast took place in a house in Killi Khano village of Tehsil Kuchlak. As a result,
Published 30 Nov, 2011 12:00am
JCR-VIS reaffirms IFS rating of EFU General Insurance

JCR-VIS reaffirms IFS rating of EFU General Insurance

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength Rating of EFU General Insurance Limited at 'AA' (Double A). Outlook on the assigned rating is 'Stable'.
Published 30 Nov, 2011 12:00am
JCR-VIS reaffirms IFS rating of EFU General Insurance

JCR-VIS reaffirms IFS rating of EFU General Insurance

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength Rating of EFU General Insurance Limited at 'AA' (Double A). Outlook on the assigned rating is 'Stable'.
Published 30 Nov, 2011 12:00am
JCR-VIS reaffirms entity ratings of PSPC

JCR-VIS reaffirms entity ratings of PSPC

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of Pakistan Security Printing Corporation (Pvt) Ltd (PSPC) at 'AAA' (Triple A) with a outlook. Short-term rating has also been reaffirmed at 'A-1+' (A-One
Published 30 Nov, 2011 12:00am
JCR-VIS reaffirms entity ratings of PSPC

JCR-VIS reaffirms entity ratings of PSPC

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of Pakistan Security Printing Corporation (Pvt) Ltd (PSPC) at 'AAA' (Triple A) with a outlook. Short-term rating has also been reaffirmed at 'A-1+' (A-One
Published 30 Nov, 2011 12:00am
Meezan Bank holds Real Estate Consultant conferences

Meezan Bank holds Real Estate Consultant conferences

Meezan Bank, Pakistan's first and largest Islamic Bank, recently organised a Real Estate Consultant Conference in Karachi for selected Real Estate Agents and Builders here. The conference focused on enhancing relationships between the financial sector and
Published 30 Nov, 2011 12:00am
PTCL launches 'Easy Load' Service

PTCL launches 'Easy Load' Service

Pakistan Telecommunication Company Limited has launched Easy Load Service for maximum facilitation of its valued customers. Now PTCL Vfone and EVO customers can instantly recharge their accounts with whatever amount they want through a large network of ap
Published 30 Nov, 2011 12:00am
Seminar

Seminar

Pakistan Biotechn-ology Information Centre (PABIC) will hold a seminar on "Benefits of using Biotechnology to boost Agriculture Produce" on Wednesday here at a local hotel. Dr Yousaf Zafar Director General Pakistan Atomic Energy Commission would be chief
Published 30 Nov, 2011 12:00am
PJBF initiates business matchmaking programme

PJBF initiates business matchmaking programme

To facilitate the members of PJBF and business community, PJBF initiated a business matchmaking programme in 2010. Under PJBF business matchmaking programme, ROHTO PHARMA JAPAN was visited by Ms Shaheena Anjum, EO PJBF and introduced the company for possi
Published 30 Nov, 2011 12:00am
Hoti stresses religious harmony, tolerance in Muharram

Hoti stresses religious harmony, tolerance in Muharram

Chief Minister Khyber Pakhtunkhwa Ameer Haider Khan Hoti has chaired a consultative jirga comprising Sunni and Shia Ulema of provincial, divisional and district authorities in connection with maintaining religious harmony and Islamic brotherhood during Mu
Published 30 Nov, 2011 12:00am
Body found in Dera Allah Yar

Body found in Dera Allah Yar

A body has been recovered from the Dera Allah Yar area on Tuesday. Police on being informed, reached the area and shifted a body of a man dumped along the road side. The deceased was later identified as Mohammad Iqbal who had been kidnapped by unknown men
Published 30 Nov, 2011 12:00am
Over 64,500 Hajis return through PIA flights

Over 64,500 Hajis return through PIA flights

More than 64,500 Hajjis have returned to Pakistan through 181 post Hajj flights. PIA spokesman said here on Tuesday. PIA has operated 24 Post Hajj flights to Karachi bringing back 10,430 hajis to Karachi, 24 flights to Lahore with 11,917 hajjis, 27 flight
Published 30 Nov, 2011 12:00am
PPP's Chan likely to head PAC

PPP's Chan likely to head PAC

Pakistan People's Party (PPP) member in Public Accounts Committee (PAC), Nadeem Afzal Chan is likely to head the powerful parliamentary watchdog on public accounts following formal resignation by its former chairman Chaudhry Nisar Ali Khan.
Published 30 Nov, 2011 12:00am
Police seize hand grenade

Police seize hand grenade

Law Enforcement Agencies (LEAs) on Tuesday claimed to have recovered a hand grenade in the jurisdiction of Kalakot police station. According to police, the information was received that a hand grenade was lying near Al-Fateh School located in Lyari Jhatpa
Published 30 Nov, 2011 12:00am
Bangladesh HC visits Punjab University

Bangladesh HC visits Punjab University

High Commissioner of Bangladesh, Suhrab Hossain visited Punjab University and called on its Vice Chancellor, Professor Dr Mujahid Kamran in his office, here on Tuesday. Welcoming the High Commissioner, Dr Kamran briefed him about the university's infrastr
Published 30 Nov, 2011 12:00am
About 27 million families living below poverty line

About 27 million families living below poverty line

"About 27 million families in the country are living below the poverty line, while poverty in Sindh has increased in comparison to other provinces due to floods." This was stated by the chairperson of BISP Farzana Raja while addressing a press conference
Published 30 Nov, 2011 12:00am
Government urged to expedite work on Pakistan-Iran gas pipeline

Government urged to expedite work on Pakistan-Iran gas pipeline

Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to expedite work on Pakistan-Iran gas pipeline and complete the project without any further delay to overcome the acute gas shortage being faced by the industry.
Published 30 Nov, 2011 12:00am
Stock market affected by Nato aggression: Aftab

Stock market affected by Nato aggression: Aftab

Managing Director Lahore Stock Exchange, Aftab Ahmed Chaudhry said that stock market is badly affected by the attack of Nato forces on Pakistani security forces, global economic crisis and domestic recession. National and international investment has been
Published 30 Nov, 2011 12:00am
'Large-scale sowing of jute can save $100 million annually'

'Large-scale sowing of jute can save $100 million annually'

Large scale sowing of jute in Pakistan can save $100 million annually being spent on import of this fibre crop from Bangladesh. Pakistan Jute Mills Association (PJMA) has launched an initiative to convince farmers of Punjab for commercial sowing of jute c
Published 30 Nov, 2011 12:00am
World AIDS Day tomorrow

World AIDS Day tomorrow

World AIDS Day will be observed on December 01 with the aim to push awareness among masses about this life threatening disease. This year's theme is 'Getting to Zero'. In order to mark this Day, health organisation, institutions and NGOs have chalked out
Published 30 Nov, 2011 12:00am
Security steps taken to maintain law, order at any cost

Security steps taken to maintain law, order at any cost

Commissioner, Syed Tahir Hussain, has said that there would be a high alert in all the 4 districts of Faisalabad Division during Muharram-ul-Haram and added that stringent security measures have been taken to maintain law and order at any cost.
Published 30 Nov, 2011 12:00am
Nato attack condemned

Nato attack condemned

Nato attack on Pakistani soldiers is an act of blatant aggression and violation of the country's sovereignty. "It is not an act of mistake and is against all international laws", expressed Allama Raghab Naeemi, Principal Jamia Naeemia here on Tuesday whil
Published 30 Nov, 2011 12:00am
Business community expresses solidarity with martyrs' families

Business community expresses solidarity with martyrs' families

President Sialkot Chamber of Commerce and Industry (SCCI), Naeem Anwar Qureshi on behalf of exporters, manufacturers and traders strongly condemned the Nato strikes on Pakistani troops intestinally. Speaking to media persons at Chamber of Commerce and Ind
Published 30 Nov, 2011 12:00am
Jamaat-e-Islami to observe 'protest day' on December 2

Jamaat-e-Islami to observe 'protest day' on December 2

The Jamaat-e-Islami (JI) chief, Syed Munawar Hasan has appealed to the nation to observe 'Protest Day' on Friday, December 2 to condemn the unprovoked Nato attacks on Pakistan's military posts resulting in the martyrdom of 24 officers and soldiers. He dir
Published 30 Nov, 2011 12:00am
SICP to observe black day to denounce Nato air strikes

SICP to observe black day to denounce Nato air strikes

Sunni Ittehad Council Pakistan (SICP) on Tuesday announced to observe the next Friday as a black day to denounce the Nato air strikes against Pakistan Army across the country. A large number of angry protesters demanded of the government to cut all kind o
Published 30 Nov, 2011 12:00am
Aptma condemns Nato attack

Aptma condemns Nato attack

The chairman of All Pakistan Textile Mills Association (Aptma), Mohsin Aziz expressed deep sense of sorrow on the loss of precious lives of the defenders of the borders of Pakistan in the Nato attack. In a press release issued here on Tuesday, he said tha
Published 30 Nov, 2011 12:00am
APOTOA holds rally against Nato strike

APOTOA holds rally against Nato strike

Welcoming the suspension of Natologistic supply to US-alliance troops in Afghanistan, All Pakistan Oil Tankers Owners Association (APOTOA), Khyber Pakhtunkhwa, held a rally here at supply depot in Taro Jabba, demanding for permanently stoppage of the supp
Published 30 Nov, 2011 12:00am
Finance involving crime

Finance involving crime

Dr Zulfiqar Mirza has admitted on television that he secured a loan in violation of rules from a bank, on the basis of political influence, to set up a sugar mill which he owns. Credit must be given to him for at least accepting that he has committed a wr
Published 30 Nov, 2011 12:00am
Afghans are 'beggars sleeping on gold'

Afghans are 'beggars sleeping on gold'

The international community has been pumping huge sums of money into Afghanistan for more than a decade, but the country remains one of the world's 10 poorest. The World Bank estimates that 15.7 billion dollars in aid flowed into the country last year alo
Published 30 Nov, 2011 12:00am
Agribusiness scenario

Agribusiness scenario

Pakistan is basically an agriculture-based country and the large proportion of population formally or informally depends on this sector for their livelihood. Currently the agriculture sector accounts for a quarter of the GDP but significantly contributes
Published 30 Nov, 2011 12:00am
Beyond the rhetoric of change

Beyond the rhetoric of change

'Change' for the better and 'hope' of a brighter future. For many, these ideas have great conceptual depth and act as sustenance at times of difficulty. Yet one needs to realise that history shows these concepts have been reduced to mere words time and ag
Published 30 Nov, 2011 12:00am
NRO review verdict

NRO review verdict

After nearly a two-year delay, a full bench of the Supreme Court finally has rejected the government's review petition on the controversial National Reconciliation Ordinance, saying "no case was made for the review of the (December 16, 2009) judgement; as
Published 30 Nov, 2011 12:00am
Violating the borrowing limit

Violating the borrowing limit

According to a news item in Business Recorder on 29th November, 2011, the federal government is reported to have breached the borrowing limit of Pakistan Railways by taking a Rs 38.6 billion loan from the State Bank of Pakistan. This borrowing wa
Published 30 Nov, 2011 12:00am
PHF sanctions Rs 12 million soft loans for eight doctors

PHF sanctions Rs 12 million soft loans for eight doctors

Provision of quality healthcare to the people of Punjab through patronisation of private sector is included in the priorities of government for which health department is taking solid steps by providing soft loans to private doctors through Punjab Health
Published 30 Nov, 2011 12:00am
Senate body to discuss 'memogate' affair

Senate body to discuss 'memogate' affair

The Senate Standing Committee on Foreign Affairs will discuss the controversy of 'memogate' in its meeting to be held on Wednesday here at the parliament house. The meeting has been convened on a single item agenda to discuss the situation emerging from t
Published 30 Nov, 2011 12:00am
Industrial consumers: LHC extends stay on fuel surcharge

Industrial consumers: LHC extends stay on fuel surcharge

Lahore High Court here Tuesday extended the stay order till December 13 against the levy of fuel adjustment surcharge for the months of June to October on industrial consumers after a law officer sought time to file reply in this regard.
Published 30 Nov, 2011 12:00am
Filing IT, ST returns: no further extension of date: FBR

Filing IT, ST returns: no further extension of date: FBR

The Tax Reform Core Group, in its two-day meeting with the Federal Board of Revenue officials concluded here today, has expressed its extreme reservation over frequent extensions being granted by the Board in filing of Income Tax (IT) and Sales Tax (ST) r
Published 30 Nov, 2011 12:00am
Bilawal chairs meeting

Bilawal chairs meeting

Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari chaired a meeting of senior party leaders at Bilawal House here Tuesday. Central Information Secretary PPP Qamar Zaman Kaira, MNA Farzana Raja, MNA Farah Naz Isphani, MNA Abdul Qadir Patel, Sin
Published 30 Nov, 2011 12:00am
'Women folk involvement in industrial sector highly encouraging'

'Women folk involvement in industrial sector highly encouraging'

Country Programme Director United Nations Entity for Gender Equality and the Empowerment of Women, Alice Harding Shackelford has expressed satisfaction on positive role of business community in accommodating the women folk in industrial sector of Sialkot.
Published 30 Nov, 2011 12:00am
Rs 50 billion allocated in Khyber Pakhtunkhwa for hydel power projects

Rs 50 billion allocated in Khyber Pakhtunkhwa for hydel power projects

The Khyber Pakhtunkhwa Minister for Industries and Commerce, Syed Ahmad Hussain Shah, has said that the government is endeavouring hard for the self-reliance in power sector, saying that Rs 50 billion has been allocated for the hydel power generation proj
Published 30 Nov, 2011 12:00am
Pakistan likely to miss number of MDGs

Pakistan likely to miss number of MDGs

Pakistan does not seem to achieve large number of Millennium Development Goals (MDGs) and if the government wanted to remain in middle income group of the world, it has to maintain at least growth rate of 7percent. Deputy Chairman Planning Commission, Dr
Published 30 Nov, 2011 12:00am
Uninterrupted power supply to agriculture tube-wells to be ensured

Uninterrupted power supply to agriculture tube-wells to be ensured

The Federal Cabinet's Sub-Committee on Energy, which met here on Tuesday, has decided to provide uninterrupted supply of electricity to agricultural tube-wells from 10 pm to 8 am daily. Federal Finance Minister Abdul Hafeez Sheikh chaired the meeting held
Published 30 Nov, 2011 12:00am
LHC seeks reply from government, Ogra

LHC seeks reply from government, Ogra

Lahore High Court here Tuesday sought reply from federal government and Oil & Gas Regulatory Authority (Ogra) by December 19 in a writ petition questioning alleged irregularities by the authority in awarding of quota for liquefied natural gas. The petitio
Published 30 Nov, 2011 12:00am
Hashoo Group offers Wi-Fi Internet Service to guests

Hashoo Group offers Wi-Fi Internet Service to guests

Hashoo Group Hospitality Division, having its fold of all the Marriott and Pearl Continental hotels in Pakistan, now offers to its distinguished guests round the clock free access to Wi-Fi Internet Service in addition to the existing endless amenities.
Published 30 Nov, 2011 12:00am
UBL Funds launches new investment scheme

UBL Funds launches new investment scheme

UBL Fund Managers announced the launch of its new investment scheme "UBL Principal Protected Fund - I". The scheme will be open for public subscription from December 2 till December 27, 2011. UBL Principal Protected Fund-I is an open-end Fund of Funds inv
Published 30 Nov, 2011 12:00am
UBL Funds launches new investment scheme

UBL Funds launches new investment scheme

UBL Fund Managers announced the launch of its new investment scheme "UBL Principal Protected Fund - I". The scheme will be open for public subscription from December 2 till December 27, 2011. UBL Principal Protected Fund-I is an open-end Fund of Funds inv
Published 30 Nov, 2011 12:00am
PPP worker among two killed

PPP worker among two killed

At least three persons including activist of Pakistan Peoples Party (PPP) and a cop were fallen prey to targeted killing spree in separate incidents at various parts of the metropolis on Tuesday. According to police sources, an activist of PPP, who was al
Published 30 Nov, 2011 12:00am
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