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Print - 2011-12-10
Emerging Asian currencies slide

Emerging Asian currencies slide

Emerging Asian currencies slid on Friday and were on course for weekly losses as investors cut risky positions on increasing doubts that European leaders can produce a credible scheme to ease the debt crisis in the summit. Some, including the South Korean
Published 10 Dec, 2011 12:00am
ECB liquidity to ease 2012 bond repayments

ECB liquidity to ease 2012 bond repayments

The ECB's copious liquidity provision to banks this week should help them meet debt repayments next year but may have only a limited effect in freeing up shorter-term lending and even less in supporting peripheral sovereign bond markets. The ECB cut its k
Published 10 Dec, 2011 12:00am
ECB liquidity to ease 2012 bond repayments

ECB liquidity to ease 2012 bond repayments

The ECB's copious liquidity provision to banks this week should help them meet debt repayments next year but may have only a limited effect in freeing up shorter-term lending and even less in supporting peripheral sovereign bond markets. The ECB cut its k
Published 10 Dec, 2011 12:00am
Safin elected to Russian Parliament

Safin elected to Russian Parliament

Russian tennis icon Marat Safin has been elected into the lower house of the Russian Parliament - the State Duma - as a member of the ruling United Russia Party, local media reported. The 31-year-old 2000 US Open and 2005 Australian Open champion won the
Published 10 Dec, 2011 12:00am
Panesar gets England recall for Pakistan series

Panesar gets England recall for Pakistan series

England recalled spinner Monty Panesar when they named a 16-man squad on Friday for their upcoming Test series against Pakistan in the United Arab Emirates. The series, being played in the UAE because of ongoing security concerns in Pakistan, will be Engl
Published 10 Dec, 2011 12:00am
Hughes out cheaply after New Zealand rout

Hughes out cheaply after New Zealand rout

Pressure mounted on Phil Hughes after he again failed with the bat as Australia chased New Zealand's modest 150 on an eventful opening day of the second Test at Bellerive Oval on Friday. The under-fire opener lasted just five balls before he was again cau
Published 10 Dec, 2011 12:00am
I'm no Pele says Neymar

I'm no Pele says Neymar

Brazilian star Neymar admitted Friday he could never reach Pele's level and weighed into a row between the footballing legend and Diego Maradona, saying Lionel Messi was the best in the world. The top-rated 19-year-old Neymar, who has been at the centre o
Published 10 Dec, 2011 12:00am
Japan scraps Club World Cup bids

Japan scraps Club World Cup bids

Japan will pass on bidding for the Club World Cup in 2013 and 2014 to give itself a better chance of hosting the Women's World Cup and other major tournaments, according to its football chief. The 2011 Club World Cup is currently under way in Japan, which
Published 10 Dec, 2011 12:00am
UBL to hold hard court tennis championship from December 18

UBL to hold hard court tennis championship from December 18

United Bank Limited. (UBL) in association with the Pakistan Tennis Federation (PTF) and Sindh Tennis Players Association is organising the UBL International Hard Court Tennis Championship - 2011. The tournament will be a first of its kind in the city of K
Published 10 Dec, 2011 12:00am
Hafeez and Umar put Pakistan on top

Hafeez and Umar put Pakistan on top

Mohammad Hafeez and Taufeeq Umar cracked unbeaten half-centuries to put Pakistan in command after Bangladesh crashed to 135 on the opening day of the first Test on Friday. Pakistan made a strong reply to reach 132 for no loss in their first innings at stu
Published 10 Dec, 2011 12:00am
Croatian officials arrested in bribery investigation

Croatian officials arrested in bribery investigation

Croatian anti-graft police have arrested two senior officials of the national soccer association (HNS) on suspicion of match-rigging, state news agency Hina reported on Friday. HNS vice-president and former international referee Zeljko Siric was arrested
Published 10 Dec, 2011 12:00am
Spain's top two go head-to-head in crunch Clasico

Spain's top two go head-to-head in crunch Clasico

Real Madrid host Barcelona in the first Clasico of the Spanish league season on Saturday with the edge in the title race, but fearful of Barca coach Pep Guardiola's enviable record at the Bernabeu. It is now three years since Real last won the league and
Published 10 Dec, 2011 12:00am
Nine hurt as Cathay evacuates plane in Shanghai

Nine hurt as Cathay evacuates plane in Shanghai

A Cathay Pacific plane aborted its take-off from a Shanghai airport Friday after smoke was detected in the cabin, forcing an evacuation of the aircraft and injuring nine, the airline said. Cathay said 351 passengers and 19 crew were evacuated from the Boe
Published 10 Dec, 2011 12:00am
British teen becomes youngest to ski to South Pole

British teen becomes youngest to ski to South Pole

Amelia Hempleman-Adams, a 16-year-old schoolgirl whose father was the first Briton to reach the South Pole alone and unsupported, on Friday became the youngest person to ski to the bottom of the world. She joined her adventurer dad David Hempleman-Adams o
Published 10 Dec, 2011 12:00am
Italy's tax chief wounded in letter bomb blast

Italy's tax chief wounded in letter bomb blast

The head of Italy's tax collection agency was wounded in the hand and face by a letter bomb on Friday, two days after Italian anarchists claimed responsibility for a bomb sent to the head of Deutsche Bank. Equitalia's director general Marco Cuccagna deton
Published 10 Dec, 2011 12:00am
Thousands march in Tel Aviv to mark Human Rights Day

Thousands march in Tel Aviv to mark Human Rights Day

Thousands of Israelis, encompassing almost the entire political spectrum, marched in Tel Aviv Friday to mark International Human Rights day. A similar march, including hundreds of participants, took place in the northern city of Haifa. Demonstration organ
Published 10 Dec, 2011 12:00am
Israeli raids kill four Gazans; rockets fired at Israel

Israeli raids kill four Gazans; rockets fired at Israel

Violence has flared up between Israel and Gaza, with the Israeli air force killing four Palestinians and Palestinian militants firing rockets far across the border. The fighting erupted on Thursday when an air strike on a car killed two militants, one of
Published 10 Dec, 2011 12:00am
Canada moves to strip thousands of citizenship

Canada moves to strip thousands of citizenship

Canada is investigating 6,500 people from more than 100 countries for fraudulently attempting to gain citizenship or permanent residency, the immigration minister announced Friday. "Canadian citizenship is not for sale," Immigration Minister Jason Kenney
Published 10 Dec, 2011 12:00am
India admits $9 billion export gaffe

India admits $9 billion export gaffe

Already battered by corruption scandals, and less than a week after an embarrassing policy U-turn, the Indian government admitted on Friday that it had accidentally inflated this year's export figures by more than $9 billion. The cause was a glitch in the
Published 10 Dec, 2011 12:00am
'Batman' cartoonist dies

'Batman' cartoonist dies

Jerry Robinson, a comic book artist who was among the earliest Batman illustrators and was credited with creating the characters of sidekick Robin and archvillain The Joker, has died at age 89. Robinson died in his sleep on Wednesday at a New York hospice
Published 10 Dec, 2011 12:00am
EU leaders call for more sanctions on Iran

EU leaders call for more sanctions on Iran

European Union leaders called on Friday for more sanctions against Iran by the end of January, in an effort to increase pressure on Tehran over its nuclear programme. The leaders did not make an explicit call for an embargo on Iranian crude oil, which EU
Published 10 Dec, 2011 12:00am
Kabila wins DR Congo vote, opponent declares self president

Kabila wins DR Congo vote, opponent declares self president

Incumbent Joseph Kabila was declared the winner Friday of DR Congo's election but his rival Etienne Tshisekedi rejected the result and declared himself president, raising fears of civil unrest. The elections, just the second in the Democratic Republic of
Published 10 Dec, 2011 12:00am
UN chief visits Somalia for first time since 1993

UN chief visits Somalia for first time since 1993

Ban Ki-moon made the first visit to Somalia by a UN Secretary General since 1993 on Friday and pledged to open a UN political office in the war-ravaged capital Mogadishu in January. Ban said his visit was to show solidarity with the Somalia people and to
Published 10 Dec, 2011 12:00am
Croatia signs to join EU in 2013, Serbia must wait

Croatia signs to join EU in 2013, Serbia must wait

Croatia will become the European Union's 28th member in July 2013 after it signed an accession treaty on Friday, but EU leaders delayed granting fellow ex-Yugoslav neighbour Serbia the status of EU member candidate. EU officials hope Croatia's membership,
Published 10 Dec, 2011 12:00am
Turkey warns Syria not to provoke regional crisis

Turkey warns Syria not to provoke regional crisis

Turkey warned Syria on Friday it would act to protect itself if a Syrian government crackdown on protesters threatened regional security and unleashed a tide of refugees on its borders. Turkish Foreign Minister Ahmet Davutoglu did not say what action Anka
Published 10 Dec, 2011 12:00am
32 killed in Syria, as opposition warns of 'massacre'

32 killed in Syria, as opposition warns of 'massacre'

Syria's opposition warned of a "massacre" by government troops in the dissident central Homs province, as the death toll in the crackdown on protesters around the country climbed to 32 on Friday. Eighteen of the deaths occurred in Homs and included three
Published 10 Dec, 2011 12:00am
Climate talks split on drafts, EU warns of collapse

Climate talks split on drafts, EU warns of collapse

Key developing states rallied to an EU roadmap for a binding pact to fight global warming on Friday, but draft agreements emerging at UN climate talks showed deep divisions remained and Europe said the negotiations could yet collapse. The EU plan sets a 2
Published 10 Dec, 2011 12:00am
New York cotton tumbles after bearish USDA report

New York cotton tumbles after bearish USDA report

Cotton futures lost nearly 2 percent of their value on Friday, hit by a bearish government crop report that pointed to a weakening trend in global fibre demand. "The bearish influence from the report came from their failure to raise exports and in the wor
Published 10 Dec, 2011 12:00am
US copper slides

US copper slides

The key March COMEX contract dropped 5.60 cents or nearly 1.6 percent to settle at $3.50 per lb on Thursday, close to the bottom end of its $3.4790 to $3.6045 session range. Futures picked up a bit from earlier in the week, but with about 47,000 lots trad
Published 10 Dec, 2011 12:00am
Shanghai copper slips

Shanghai copper slips

The most-active February copper contract on the Shanghai Futures Exchange dropped 1.4 percent to close at 57,070 yuan per tonne on Friday, falling 1.7 percent for the week. China, which consumes around 40 percent of the world's copper, has been seen as th
Published 10 Dec, 2011 12:00am
Copper moves up

Copper moves up

Copper rose on Friday after European leaders agreed to tighter eurozone budget rules at a summit aiming to combat a two-year debt crisis that has crimped industrial demand. Markets were initially disappointed by a lack of progress on immediate measures to
Published 10 Dec, 2011 12:00am
Brent, US crude up

Brent, US crude up

Brent oil futures and US crude ended higher on Friday after two days of losses, helped by upbeat US economic data and a Reuters report that a planned investment vehicle from China would manage funds in the United States and Europe. In London, ICE Brent Ja
Published 10 Dec, 2011 12:00am
Tokyo and Shanghai rubber fall

Tokyo and Shanghai rubber fall

Key Tokyo rubber futures tumbled as much as 3.6 percent on Friday with investors said to be closing long positions as uncertainties about the eurozone debt crisis, which pushed down equity, oil and other commodity markets. The key Tokyo Commodity Exchange
Published 10 Dec, 2011 12:00am
Palm oil lower

Palm oil lower

Palm oil futures slipped on Friday as the European Union summit failed to build on moves for fiscal union to salvage the euro, potentially putting the brakes on global economic growth and commodity demand. A deepening split in the bloc emerged on Friday w
Published 10 Dec, 2011 12:00am
US wheat lower

US wheat lower

US wheat futures ended lower on Thursday, unable to follow a short-covering reversal in corn and soyabeans ahead of a make-or-break European Union summit and on the eve of a US government crop report. Strong technical support and positioning ahead of Frid
Published 10 Dec, 2011 12:00am
Cocoa at three-year low, sugar tumbles

Cocoa at three-year low, sugar tumbles

Cocoa futures closed on Friday at another three-year low, while sugar slipped, pressured by big supplies from northern hemisphere crops and by declines in a few other commodity markets. Coffee was little changed in indecisive, choppy dealings. Commodity i
Published 10 Dec, 2011 12:00am
Gold falls two percent in New York

Gold falls two percent in New York

Gold fell around 2 percent on Thursday, its biggest one-day drop in nearly three weeks, after the European Central Bank dashed hopes of more-dramatic action to fight the region's debt crisis. Gold initially rose 1 percent after the ECB cut interest rates
Published 10 Dec, 2011 12:00am
Gold rises in Asia

Gold rises in Asia

Gold rallied on Friday, but was still set for a 1.5 percent decline this week as investors watched the progress of a crucial European Union summit with dwindling confidence that it would resolve the two-year-old debt crisis. Spot gold was last up 0.7 perc
Published 10 Dec, 2011 12:00am
Gold rises in London

Gold rises in London

Gold moved up on Friday in line with a jump in the euro, but remained on track for a 2 percent decline this week as investors remained doubtful over the outcome of a key European Union summit aimed at resolving the two-year-old debt crisis. EU leaders agr
Published 10 Dec, 2011 12:00am
US MIDDAY: soya drops

US MIDDAY: soya drops

US soyabean prices fell 2.6 percent to a 14-month low, wheat skidded to a five-month low and corn dropped more than 1 percent early Friday in reaction to surprisingly high government grain supply estimates. The US Department of Agriculture in its December
Published 10 Dec, 2011 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

Copper closed with modest gains on Friday after European leaders agreed on measures to fix a two-year debt crisis that has crimped industrial demand, but the metal still posted its fifth weekly loss in the past six weeks. In New York, the key March COMEX
Published 10 Dec, 2011 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose on Friday after the previous day's tumble, swept higher in an equities rally as EU leaders agreed in principle to form deeper economic integration and US consumer sentiment rose to its highest level in six months. The precious metal, however, wa
Published 10 Dec, 2011 12:00am
Resolution of Kashmir issue must for regional peace: Sultan

Resolution of Kashmir issue must for regional peace: Sultan

Former AJK Prime Minister and Central Leader of PPP (Azad Kashmir Chapter), Barrister Sultan Mehmood Chaudhry has urged the United States to play its pivotal role for resolution of Kashmir issue as it has become imperative for the regional as well as glob
Published 10 Dec, 2011 12:00am
BoK Chiniot branch inaugurated

BoK Chiniot branch inaugurated

Bank of Khyber has opened its branch at Eshan Plaza near old furniture market in district Chiniot, here on Friday. A press release issued here said that Bilal Mustafa, Managing Director BoK formally inaugurated the branch in a graceful ceremony. Speaking
Published 10 Dec, 2011 12:00am
FBR restores special allowance to Shahid Rahim

FBR restores special allowance to Shahid Rahim

On joining the Federal Board of Revenue (HQ), Islamabad after completion of deputation as Additional Secretary, Commerce Division, the special allowance (equivalent to 100 percent of basic pay) of Shahid Rahim Sheikh (PCS/BS-21), has been restored from De
Published 10 Dec, 2011 12:00am
SCCI voices concern over high prices of diesel, petrol

SCCI voices concern over high prices of diesel, petrol

Afan Aziz, President of Sarhad Chamber of Commerce and Industry (SCCI) has expressed concern over rising prices of petroleum products, especially diesel, which is adversely affecting the economy of Khyber Pakhtunkhwa (KP). He said the diesel price had gon
Published 10 Dec, 2011 12:00am
IHC's nine benches for next week

IHC's nine benches for next week

Chief Justice of Islamabad High Court (IHC) has constituted six single benches and three division benches to hear a number of cases for next week starting from December 12. Six single benches include Chief Justice Iqbal Hameed-Ur-Rehman, Justice Riaz Ahme
Published 10 Dec, 2011 12:00am
BISP poverty survey wins world applause

BISP poverty survey wins world applause

The step of conducting nation-wide first-ever poverty survey in the history of Pakistan has won the international praise for following best international practices, maintaining transparency and conducting the entire process in highly efficient manner.
Published 10 Dec, 2011 12:00am
CoAS witnesses operational, training activities of troops

CoAS witnesses operational, training activities of troops

Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani visited Kharian to witness operational and training activities. CoAS witnessed Low Intensity Conflict Training at Pabbi Hills. He appreciated the standards achieved by the troops. Later he also took
Published 10 Dec, 2011 12:00am
Defence land encroached in occupied Srinagar, admits Indian government

Defence land encroached in occupied Srinagar, admits Indian government

The Indian government admitted serious irregularities in the issuance of No Objection Certificates (NOCs) regarding the use of defence land for private purposes including housing, by the Defence Estates Organisations in Srinagar and its adjoining areas.
Published 10 Dec, 2011 12:00am
Bajaur military operation: affected persons to get compensation today

Bajaur military operation: affected persons to get compensation today

The affectees of Bajaur Agency whose houses are damaged due to military operation for curbing militancy in the area would start getting compensation from Saturday (today). According to a press release of Provincial Reconstruction and Resettlement Authorit
Published 10 Dec, 2011 12:00am
NGO runs HIV/AIDS awareness campaign in Nowshera

NGO runs HIV/AIDS awareness campaign in Nowshera

A non-governmental organisation, Pakistan Village Development Programme (PVDP) observed a weeklong awareness campaign against HIV/AIDS in the flood affected union councils of district Nowshera. The organisation with the assistance of an international reli
Published 10 Dec, 2011 12:00am
Terrorism linked to 'culture' of corruption

Terrorism linked to 'culture' of corruption

Speakers viewed that one of the major causes of terrorism is bad culture of corruption adding that the society itself is responsible for promoting corruption. This was said in a seminar "Together Fight against Corruption", organised by National Accountabi
Published 10 Dec, 2011 12:00am
Abnormal KESC charges

Abnormal KESC charges

Generally people don't analyse the electricity bills. As an accountant, however, it is my practice to analyse the monthly bills of electricity of my employers and of my house and to know the reason for fluctuation and increase in electricity expenses such
Published 10 Dec, 2011 12:00am
Iranian possession of US drone

Iranian possession of US drone

One of America's most advanced spy drones is now in the possession of Iran after the aircraft crashed on its territory, 225 kilometres from the Afghanistan border. Iran has been quick to make propaganda capital out of the incident, displaying the aircraft
Published 10 Dec, 2011 12:00am
A critical review: New broker registration regime

A critical review: New broker registration regime

A concept paper "New Broker Registration Regime" was released by the Securities and Exchange Commission of Pakistan (SECP). Soon after that, the SECP arranged a presentation as a follow-up of this proposed regime to the members of the Karachi Stock Exchan
Published 10 Dec, 2011 12:00am
Importance of political economics

Importance of political economics

One has to make a distinction between political economics and the dictatorial economics in developing countries. The conceptual frame is entirely different and the consequences that flow out of it are different. Not only is economics of the common man thr
Published 10 Dec, 2011 12:00am
Dr Fai's case

Dr Fai's case

Dr Ghulam Nabi Fai, Director of the Kashmiri-American Council (KAC), arrested in the US five months ago for violating the Foreign Agents Registration Act, has pleaded guilty. He and another Pakistani American living in Pakistan, Zaheer Ahmad, are charged
Published 10 Dec, 2011 12:00am
Bilateral versus multilateral aid

Bilateral versus multilateral aid

Speaking at the Karachi Press Club recently, Federal Finance Minister Dr Hafeez Sheikh surprisingly maintained that there was no big change in US policies in relation to extending financial support to Pakistan and the 500 million dollars of economic assis
Published 10 Dec, 2011 12:00am
Two Pakistani scholars complete PhD from UK

Two Pakistani scholars complete PhD from UK

Two Pakistani scholars Syed Hussain Shaheed Soherwordi and Liaqat Ali have successfully completed their doctorate degrees under Higher Education Commission's Partial Support Programme for PhD Studies Abroad.
Published 10 Dec, 2011 12:00am
Pakistani, Indian media urged to help exploit Saarc potential

Pakistani, Indian media urged to help exploit Saarc potential

Business leaders, economists and academicians have urged Pakistani and Indian media to play an active role for promotion of people-to-people contacts and trade ventures among the SAARC countries. They were addressing a seminar on "Role of media for stable
Published 10 Dec, 2011 12:00am
'Three million people of country facing disability'

'Three million people of country facing disability'

Lahore Association of Businessmen for Rehabilitation of Disabled (LABARD) president and MNA, Pervez Malik has said that three million people in the country are suffering from disabilities out of which 200,000 live in Lahore and its suburbs. According to t
Published 10 Dec, 2011 12:00am
MCCI rejects four-day gas closure plan

MCCI rejects four-day gas closure plan

The Multan Chamber of Commerce and Industry (MCCI) on Friday rejected the SNGPL's four-day gas closure plan and said that it would prove the last nail in the coffin of the industry as a total shutdown would be imminent after the move that would be putting
Published 10 Dec, 2011 12:00am
Permanent stoppage of Nato supply line sought

Permanent stoppage of Nato supply line sought

A bar member has approached Lahore High Court seeking direction for federal government to close down Nato supply line to Afghanistan permanently. The petitioner, Rana Ilamuddin Ghazi, contended that the temporary closing down of Nato supply line was in fu
Published 10 Dec, 2011 12:00am
Four-day gas disruption: Aptma emergency meeting today

Four-day gas disruption: Aptma emergency meeting today

The All Pakistan Textile Mills Association (Aptma) is holding an emergency meeting on Saturday to review the situation after notice from SNGPL for increase in gas load shedding to four days for industry. According to the sources, Aptma Punjab chapter meet
Published 10 Dec, 2011 12:00am
Nawaz set to address public meeting in Garhi Khuda Bux today

Nawaz set to address public meeting in Garhi Khuda Bux today

PML-N President Nawaz Sharif is all set to address a public meeting in Garhi Khuda Bux, in Larkana district, home town of Pakistan People's Party (PPP) leadership, on Saturday, December 10. This was confirmed by PML-N Information Secretary Senator Mushahi
Published 10 Dec, 2011 12:00am
PEF to enter into partnership with 1,000 private schools

PEF to enter into partnership with 1,000 private schools

Punjab Education Foundation (PEF) will enter into partnership with one thousand private schools in the province to educate deserving students through its Foundation Assisted schools (FAS) programme. For this purpose, pre Quality Assurance Test is underway
Published 10 Dec, 2011 12:00am
Marryam Nawaz vows to serve masses

Marryam Nawaz vows to serve masses

Marryam Nawaz, daughter of Pakistan Muslim League-N Chief Nawaz Sharif has vowed to serve people of the country like her father and strengthening the party at grass roots level. "It took me three years to persuade my father for letting me take part in cou
Published 10 Dec, 2011 12:00am
Rs nine billion canal brick-lining being carried out

Rs nine billion canal brick-lining being carried out

Punjab government is carrying out brick lining and rehabilitation of canals mostly in southern Punjab with an amount of Rs nine billion in six districts of the province under Punjab Irrigation System Improvement Project. This was informed during the annua
Published 10 Dec, 2011 12:00am
IMC increases prices of vehicles

IMC increases prices of vehicles

Increasing utility expenses and record depreciation in Pakistani rupee, which in last month only has depreciated by almost 5 percent against Japanese Yen (from 1.0980 to 1.152) and 4 percent US$ (from 86 to 89) has forced the Indus Motor Company (IMC) to
Published 10 Dec, 2011 12:00am
NOWPDP hosts art competition for disabled kids

NOWPDP hosts art competition for disabled kids

Network of Organisations Working for People with Disabilities, Pakistan (NOWPDP) on Friday celebrated International Day for Persons with Disability by organising its 2nd Art Competition titled "Mere Dunya ke Rang" for children with disabilities. The event
Published 10 Dec, 2011 12:00am
Fisheries sector: functions, structure of public institutions reviewed

Fisheries sector: functions, structure of public institutions reviewed

A Norwegian mission has reviewed the structure and functions of public institutions in the fisheries with a view to develop a right based management plan for the sector in Pakistan. Talking to Business Recorder, Managing Director of Karachi Fish Ha
Published 10 Dec, 2011 12:00am
Fateha Khuwani held

Fateha Khuwani held

At a function recently organised by Defence Clifton Residents Committee (DCRC) at the residence of Yamin Khan, Fateha khuwani and Dua was performed for the departed soul of Begum Atia Hassan, wife of Professor Hassan, president of I&M Group. Prominent amo
Published 10 Dec, 2011 12:00am
LDF exhibition from January 28

LDF exhibition from January 28

Sindh Board of Investment (SBI) in collaboration with Livestock & Fisheries and Agriculture departments is organising LDF-2012 Exhibition/ Seminar and horse and cattle show scheduled to be held on January 28-29, 2012. This was announced by the Chairman Si
Published 10 Dec, 2011 12:00am
Ban extended

Ban extended

Sindh Home Department has issued a notification on Friday that ban has been extended on plying of heavy vehicles carrying water and construction materials/ dumpers only on the roads of Karachi city during peak hours, ie, in morning from 6.30am to 9.00am,
Published 10 Dec, 2011 12:00am
Sindh government ignores importance of Anti-Corruption Day

Sindh government ignores importance of Anti-Corruption Day

The Sindh government ignored the significance of International Anti-Corruption Day, observed on December 9 across the world, with the theme, "ACT - Against Corruption Today". The whole world attaches great importance to this Day designated as Internationa
Published 10 Dec, 2011 12:00am
SNGPL suspends gas supply to Engro plant

SNGPL suspends gas supply to Engro plant

The new plant of Engro Fertiliser Limited was shut down late Thursday night after Sui Northern Gas Pipelines Limited (SNGPL) informed the company about the suspension of gas supply to the plant.
Published 10 Dec, 2011 12:00am
SNGPL suspends gas supply to Engro plant

SNGPL suspends gas supply to Engro plant

The new plant of Engro Fertiliser Limited was shut down late Thursday night after Sui Northern Gas Pipelines Limited (SNGPL) informed the company about the suspension of gas supply to the plant.
Published 10 Dec, 2011 12:00am
Over 14,000 HR violation cases registered in 2011: Nadia Gabol

Over 14,000 HR violation cases registered in 2011: Nadia Gabol

Sindh Minister for Human Rights Nadia Gabol said that a total of 14,929 cases of human rights violations were registered in the province in 2011, with majority of 9562 cases in Karachi, followed by 992 in Hyderabad. In a statement issued on the eve of Wor
Published 10 Dec, 2011 12:00am
Dense fog expected to develop in plain area

Dense fog expected to develop in plain area

The met office on Friday said dense fog is expected to develop in the plain areas of Punjab, Khyber Pakhtunkhwa and upper Sindh during this weekend for the prevailing dry spell and low temperature. It said the expected fog would prevail during the coming
Published 10 Dec, 2011 12:00am
Chicken prices may increase

Chicken prices may increase

Chicken prices in the city are likely to increase due to sharp rise in its demand. Retailers said that the chicken meat demand had sharply declined during Eid-ul-Azha and remained sluggish till Ashura. Chicken meat is currently available at Rs 180 per kg
Published 10 Dec, 2011 12:00am
Rs 5.2 million medical assistance for 68 artists approved

Rs 5.2 million medical assistance for 68 artists approved

Minister for Culture, Ms Sassui Palijo has announced that an amount of Rs 5.2 million has been approved for medical assistance to 68 writers, poets and artists of Sindh, while another amount of Rs 3.780 million has already been distributed among 112 rain
Published 10 Dec, 2011 12:00am
Chehlum

Chehlum

Begum Batool Ikramul Haque, wife of late Sheikh Ikramul Haque, former chief secretary/defence secretary passed away on 16th November 2011. The deceased was the mother of Dr Nadeemul Haque, Deputy Chairman Planning Commission of Pakistan, Anisul Haque, Coo
Published 10 Dec, 2011 12:00am
Loss of lives in cylinder blast incident regretted

Loss of lives in cylinder blast incident regretted

President Hyderabad Chamber of commerce and Industry has regretted loss of precious lives in the van accident on National Highway near Matiari and expressed sympathy with the affected families. He said that the incident was a result of non-implementation
Published 10 Dec, 2011 12:00am
29th anniversary of CAA: DG issues promotion orders of 550 staff members

29th anniversary of CAA: DG issues promotion orders of 550 staff members

On the eve of 29th anniversary of Pakistan Civil Aviation Authority, the Director General CAA, Air Marshal Khalid Chaudhry (Retd) issued promotion orders of 550 staff members and also nominated 60 officers and staff members for the award of DGCAA Commenda
Published 10 Dec, 2011 12:00am
'Corruption main obstacle to good governance'

'Corruption main obstacle to good governance'

Former Justice Dr Mohammad Ghous, Dean Faculty of Law of Federal Urdu University, said on Friday that corruption "is the one of the basic obstacles" in the way of good governance and progress of the country and the nation. This he said at a seminar on 'Go
Published 10 Dec, 2011 12:00am
PPP Punjab mum over president's illness

PPP Punjab mum over president's illness

Pakistan Peoples Party (PPP) Punjab circles are mum over the ailment of President Zardari and avoiding any comment on his health status. It may be noted that all efforts to get in touch with top provincial leadership failed, as no one from among them was
Published 10 Dec, 2011 12:00am
NAB Punjab observes International Anti-Corruption Day

NAB Punjab observes International Anti-Corruption Day

National Accountability Bureau (NAB) Punjab organised a seminar on irregularities and corrupt practices in public procurement in connection with the Anti -Corruption Day here on Friday. Government officers from federal departments, public sector organisat
Published 10 Dec, 2011 12:00am
Japanese envoy sees wide business scope in Sialkot

Japanese envoy sees wide business scope in Sialkot

Japanese Ambassador to Pakistan Hiroshi Oe has said that there are wide scopes of establishing joint venture and collaboration between the business communities of Japan and Sialkot because many potential exists there in business fields.
Published 10 Dec, 2011 12:00am
LCCI urges government to privatise eight state-owned entities

LCCI urges government to privatise eight state-owned entities

The Lahore Chamber of Commerce and Industry (LCCI) President on Friday urged the government to immediately privatise eight state-owned entities including Pakistan International Airlines, Pakistan Steel Mills, Pakistan Electric Power Company, Pakistan Rail
Published 10 Dec, 2011 12:00am
Cement demand in local, foreign markets declines

Cement demand in local, foreign markets declines

November proved to be the worst month for cement manufacturers this fiscal as the cement dispatches declined by 6.47 percent compared with the corresponding period of last year. The cement dispatches decline was due to Eidul Azha and less demand in the lo
Published 10 Dec, 2011 12:00am
PUIBIT organises orientation ceremony for new admissions

PUIBIT organises orientation ceremony for new admissions

Punjab University Institute of Business & Information Technology (IBIT) organised an orientation ceremony for the newly-admitted students of academic session 2011-12 here at the Institute on Friday. Vice-Chancellor Professor Dr Mujahid Kamran was the chie
Published 10 Dec, 2011 12:00am
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