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Print - 2011-12-14
New York cotton ends at 16-month low

New York cotton ends at 16-month low

Cotton futures finished Monday at a 16-month low on follow-through investor sales as recession fears from the eurozone debt crisis and a bearish crop report kept the market on the defensive, analysts said. Key March cotton futures slid 3.27 cents or 3.6 p
Published 14 Dec, 2011 12:00am
US copper slides

US copper slides

Copper hit a near two-week low Monday, pressured by worries about weaker demand for industrial metals as a European summit deal to strengthen budget discipline failed to soothe market fears of a deepening debt crisis and a potential regional recession. In
Published 14 Dec, 2011 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded February copper contract on the Shanghai Futures Exchange dropped 1.1 percent to 56,120 yuan ($8,800) a tonne on Tuesday. Data from China failed to boost prices of the metal used in power and construction in the previous session. China's c
Published 14 Dec, 2011 12:00am
Copper slightly down

Copper slightly down

Copper closed slightly down on Tuesday after volatile trading and prices were near their lowest levels in almost two weeks as the dollar strengthened and investors remained sceptical of Europe's efforts to pull itself out of a debt crisis. Three-month cop
Published 14 Dec, 2011 12:00am
Oil briefly surges nearly $4 a barrel

Oil briefly surges nearly $4 a barrel

Oil rose Tuesday and briefly surged nearly $4 a barrel in a furious burst of trading that traders attributed to renewed jitters over Iran, expectations of further monetary easing and possibly computer-driven trading. Brent and US crude prices shot up quic
Published 14 Dec, 2011 12:00am
Tokyo rubber futures lower

Tokyo rubber futures lower

Tokyo rubber futures extended losses on Tuesday as equities and other commodities fell after a European Union summit aimed at solving the region's deteriorating debt crisis failed to restore financial market confidence. The most active Tokyo Commodity Exc
Published 14 Dec, 2011 12:00am
Palm oil little changed

Palm oil little changed

Palm oil futures closed hardly changed on Tuesday after earlier falling to near six-week lows on persistent worries over the eurozone debt crisis and higher than expected inventory data. Benchmark February palm oil futures on the Bursa Malaysia Derivative
Published 14 Dec, 2011 12:00am
US soya rises

US soya rises

Chicago Board of Trade soybean futures rose on Monday, rebounding from a 14-month low hit early in the session on bargain buying as well as some worries about the developing crop in South America, traders said. Weather concerns allowed soyabeans to rise o
Published 14 Dec, 2011 12:00am
US MIDDAY: cocoa extends rally

US MIDDAY: cocoa extends rally

Cocoa extended its rally in heavy volume on Tuesday, after the prior session's surge from a three-year low marked an outside reversal, while arabica coffee consolidated up from a one-year low. Sugar finished up a shade in choppy dealings. ICE cocoa's rise
Published 14 Dec, 2011 12:00am
US gold drops three percent

US gold drops three percent

Gold dropped around 3 percent on Monday, its largest one-day drop in nearly three months, as doubts over a deal for European economic integration triggered a technical breakdown. Spot gold dropped 2.7 percent to $1,663.86 an ounce by 2:19 p.m. EST (1919 G
Published 14 Dec, 2011 12:00am
Gold tumbles in Asia

Gold tumbles in Asia

Spot gold slid to a seven-week low on Tuesday, extending a 2.6-percent decline in the previous session, as worries about the eurozone debt crisis continued to grip investors after the euphoria over the European Union summit agreement faded. Spot gold lost
Published 14 Dec, 2011 12:00am
Gold rebounds

Gold rebounds

Spot gold rebounded from a seven-week trough on Tuesday, tracking equities and the euro higher as investors positioned themselves for a Federal Reserve meeting and turning attention away from the eurozone credit crisis for the moment. The euro rose to a s
Published 14 Dec, 2011 12:00am
US MIDDAY: wheat gains

US MIDDAY: wheat gains

US wheat futures rose on Tuesday as traders scrambled to cover short positions while corn and soyabeans pared gains due to a surging dollar, after rising in early trade. Corn and soya also received support from concerns about weather in South America limi
Published 14 Dec, 2011 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell to a seven-week low on Tuesday, extending the previous session's sharp pullback, as equities markets pared gains ahead of a policy statement by the Federal Reserve. Bullion was on track for its biggest two-day drop in a month after the S&P 500 s
Published 14 Dec, 2011 12:00am
MTOs training under BoK begins

MTOs training under BoK begins

The Basic Training Programme under the auspices of Bank of Khyber (BoK) for newly selected management trainee officers (MTOs) of 4th batch at National Institute of Banking Finance (NIBAF) began here on Tuesday. The BoK Managing Director, Bilal Mustafa was
Published 14 Dec, 2011 12:00am
HEC, Pink Ribbon ink MoU on breast cancer awareness

HEC, Pink Ribbon ink MoU on breast cancer awareness

Higher Education Commission (HEC) and Pink Ribbon signed on Tuesday a Memorandum of Understanding (MoU) for breast cancer awareness campaign in the higher education institutions of the country.
Published 14 Dec, 2011 12:00am
Rally demands removal of minister

Rally demands removal of minister

Political, social and religions circles from Bajaur Agency have demanded the removal of Federal Minister for Safron Engineer Shaukatullah Khan as according to them, the minister is involved in massive corruption of funds being allocated for the developmen
Published 14 Dec, 2011 12:00am
FBISE announces HSSC supplement exams' results

FBISE announces HSSC supplement exams' results

Federal Board of Intermediate and Secondary Education (FBISE) Tuesday announced result of supplementary examination of Higher Secondary School Certificate (HSSC) with a passing percentage of 34.30. According to the notification issued by the FBISE, 6 unfa
Published 14 Dec, 2011 12:00am
One killed, another injured in Quetta

One killed, another injured in Quetta

One person has been killed and another injured in a clash in the provincial capital on Tuesday. Police said that two armed groups opened fire at each other on Fatima Jinnah road. As a result, two persons sustained bullet wounds who were rushed to Civil ho
Published 14 Dec, 2011 12:00am
Education a major tool to build nation: Kausar

Education a major tool to build nation: Kausar

Khyber Pakhtunkhwa Governor, Barrister Masood Kausar has said education is a major tool of nation building, develop the country and ensure better future. "Education means educating youth in all respects and it is the universities, where the national chall
Published 14 Dec, 2011 12:00am
Minister optimistic of Pak-India talks outcome

Minister optimistic of Pak-India talks outcome

AJK Minister for Local Government and Rural Development, and Senior Vice President PPP of AJK chapter Chaudhry Muhammad Yasin has expressed hope that the recently-resumed talks between India and Pakistan would lead to the settlement of Kashmir issue on pr
Published 14 Dec, 2011 12:00am
Prime Minister approves promotions of officials

Prime Minister approves promotions of officials

Prime Minister Syed Yousuf Raza Gilani on Tuesday approved the promotions of officers belonging to Federal Directorate of Education, Pakistan Institute of Medical Sciences and Pakistan Meteorological Department. The approval has been made on the recommend
Published 14 Dec, 2011 12:00am
Labour Minister for regular inspection of factories

Labour Minister for regular inspection of factories

Provincial Minister for Labour, Haji Ehsaan-ud-Din Qureshi has directed the labour department officers for regular inspection of factories and said that if new legislation in this regard is required then complete it at the earliest. He said that inspectio
Published 14 Dec, 2011 12:00am
Business Recorder staff member passes away

Business Recorder staff member passes away

Syed Naseeruddin, a Business Recorder staff member, died on Tuesday after a brief illness. He was 70. He leaves behind wife. His Namaz-e-Janaza will be held today at 11am at Jama Masjid Bagheecha, Hashim Khan Road, Garden West, Karachi. He will be
Published 14 Dec, 2011 12:00am
Ufone displays stall at UAE Expo

Ufone displays stall at UAE Expo

In order to cherish this cordial and mutually rewarding relationship and to explore more avenues of joint collaborations, the Consulate of the United Arab Emirates recently organised UAE Expo 2011 at Expo Centre Karachi where Ufone along with PTCL was the
Published 14 Dec, 2011 12:00am
KSE approves listing of ABL Securities Fund

KSE approves listing of ABL Securities Fund

The Karachi Stock Exchange (KSE) has approved the formal listing and quotation of the units of ABL Government Securities Fund, an open-end mutual fund on the Exchange with effect from Thursday, December 15, 2011.
Published 14 Dec, 2011 12:00am
KSE approves listing of ABL Securities Fund

KSE approves listing of ABL Securities Fund

The Karachi Stock Exchange (KSE) has approved the formal listing and quotation of the units of ABL Government Securities Fund, an open-end mutual fund on the Exchange with effect from Thursday, December 15, 2011.
Published 14 Dec, 2011 12:00am
KSE approves listing of ABL Securities Fund

KSE approves listing of ABL Securities Fund

The Karachi Stock Exchange (KSE) has approved the formal listing and quotation of the units of ABL Government Securities Fund, an open-end mutual fund on the Exchange with effect from Thursday, December 15, 2011.
Published 14 Dec, 2011 12:00am
Serbia foreign minister holds meeting with Khar

Serbia foreign minister holds meeting with Khar

The Minister for Foreign Affairs of the Republic of Serbia, Vuk Jeremic during his official visit to Pakistan held meeting with Foreign Minister Hina Rabbani Khar here on Tuesday and discussed a wide range of issues including bilateral relations, as well
Published 14 Dec, 2011 12:00am
Sindh Assembly: PITHM upgradation bill could not be tabled

Sindh Assembly: PITHM upgradation bill could not be tabled

Sindh government could not table the bill in Sindh Assembly regarding the up-gradation of Pakistan Institute of Tourism & Hotel Management (PITHM) as university with the establishment of campuses in four districts, Business Recorder has learnt.
Published 14 Dec, 2011 12:00am
Rich tributes paid to Faiz

Rich tributes paid to Faiz

Rich tributes were paid to eminent poet and humanist Faiz Ahmed Faiz at a seminar held here on Tuesday under the auspices of the Department of Mass Communication, Federal Urdu University of Arts, Science and Technology (FUUAST).
Published 14 Dec, 2011 12:00am
Seminar on 'Peace and Women Rights' held

Seminar on 'Peace and Women Rights' held

A seminar on "Peace and Women Rights" was conducted in Federal Urdu University here on Tuesday, which was arranged by the students of business administration department. Jameel Gillani, MNA, and Arbab Tahir, secretary general ANP, Khyber-Pakhtunkhwa (KPK)
Published 14 Dec, 2011 12:00am
Gas loadshedding: petrol consumption rose by 34 percent in November

Gas loadshedding: petrol consumption rose by 34 percent in November

Petrol consumption in the local market increased by a significant 34 percent mainly due to gas loadshedding in the country. According to the provisional oil sales number for November 2011, total oil consumption in local market increased to 1.677 million t
Published 14 Dec, 2011 12:00am
Saudi Arabia donates Rs 27 million to Prime Minister's relief fund

Saudi Arabia donates Rs 27 million to Prime Minister's relief fund

Ambassador to Saudi Arabia Muhammad Naeem Khan on Tuesday presented a cheque of Rs 27 million to Prime Minister Syed Yousuf Raza Gilani for PM's Flood Relief Fund. The amount has been donated by the Pakistani expatriates working in Saudi Arabia. The PM ap
Published 14 Dec, 2011 12:00am
Brigadier Musaddiq becomes NAB Islamabad DG

Brigadier Musaddiq becomes NAB Islamabad DG

Brigadier Muhammad Musaddiq Abbasi (Retd), Director General (acting charge) NAB Peshawar has been transferred to NAB Islamabad as Director General Special Operation. Similarly, Colonel Khurshid Alam (Retd), Director General HR and Finance (acting charge)
Published 14 Dec, 2011 12:00am
Cold wave likely to persist

Cold wave likely to persist

Upper and western parts of the country will remain in the grip of cold wave in the next 24 hours, the met office said on Tuesday. "Mainly cold and dry weather is expected in most parts of the country. Upper and western parts of the country would remain un
Published 14 Dec, 2011 12:00am
Non-payment of salaries: KMC employees hold protest demonstration

Non-payment of salaries: KMC employees hold protest demonstration

A large numbers of Karachi Metropolitan Corporation's (KMC) employees staged protest demonstration outside Civic Centre against non-payment of their salaries here on Tuesday. Employees of Karachi Development Authority (KDA) and Karachi Metropolitan Corpor
Published 14 Dec, 2011 12:00am
Karachi University notification

Karachi University notification

University of Karachi has extended the date for the submission of examination of B.Com (regular) 2011 till 19th December 2011. According to spokesman of Karachi University, candidates may submit their examination forms till 19th December 2011 at their res
Published 14 Dec, 2011 12:00am
BBYDP to fully sponsor nursing course at LUMHS

BBYDP to fully sponsor nursing course at LUMHS

The Advisor to Chief Minister Sindh Aajiz Dhamrah along with Provincial Co-ordinator for Benazir Bhutto Shaheed Youth Development Programme (BBYDP) Karam Bux Siddiqui held meeting with the Vice Chancellor Liaquat University for Medical Health and Science
Published 14 Dec, 2011 12:00am
10 flood-hit schools of Nowshera rehabilitated

10 flood-hit schools of Nowshera rehabilitated

National Bank of Pakistan has rehabilitated 10 flood damaged public sector schools and provided them furniture, equipment and installed tube-wells for drinking water in the schools in district Nowshera. Regional Chief NBP, Altas Khan along with Executive
Published 14 Dec, 2011 12:00am
17th bank robbery case in 2011: bandits take away Rs 5.3 million cash

17th bank robbery case in 2011: bandits take away Rs 5.3 million cash

Despite tall claims by the law enforcement agencies (LEAs) having busted gangs of bank robbers, a branch of a private bank was deprived of Rs 5.3 million in broad daylight on Tuesday, raising the count of bank heists in 2011 to 17. According to police and
Published 14 Dec, 2011 12:00am
Four killed in Lyari clashes

Four killed in Lyari clashes

Four persons, including a Director of a private television channel lost their lives in the limits of Kalri police station on Tuesday in an armed scuffles between rival groups redone in several parts of Lyari. This happened despite tall claims by Sindh Ran
Published 14 Dec, 2011 12:00am
PCGA thanks National Assembly panel for support

PCGA thanks National Assembly panel for support

The Chairman of Pakistan Cotton Ginners Association (PCGA), Amanullah Qureshi, has thanked the National Assembly Standing Committee on Textile Industry for recommending, unanimously, to the government to intervene in the market to stabilise falling prices
Published 14 Dec, 2011 12:00am
Three alleged bank robbers held, looted money recovered

Three alleged bank robbers held, looted money recovered

Special Investigation Unit (SIU) of Sindh police on Tuesday claimed to have arrested three alleged bank robbers and recovered looted cash from their possession. According to SSP Raja Umar Khatab, these detained persons, who were alleged in the murder of R
Published 14 Dec, 2011 12:00am
Wasa signs accord with UBL

Wasa signs accord with UBL

Water and Sanitation Agency (Wasa) signed an agreement with United Bank Limited (UBL) to collect bills from consumers at a ceremony held at Divisional Conference Hall Hyderabad on Tuesday. The MD Wasa Saleemuddin and Senior Voice President Mustafa Rehman
Published 14 Dec, 2011 12:00am
IGP Sindh for promoting community policing concept

IGP Sindh for promoting community policing concept

The Inspector General of Police (IGP) Sindh, Mushtaq Ahmed Shah, has called for promoting the concept of community policing at police-station level in the metropolis. He issued instructions to this effect to the Additional IG Police Karachi. Mushtaq Shah
Published 14 Dec, 2011 12:00am
Musharraf meets Biden at football match

Musharraf meets Biden at football match

A former President of Pakistan and currently chief of All Pakistan Muslim League (APML), Pervez Musharraf, was invited as a special guest to attend the 112th annual Army-Navy football game outside Washington, DC. This game is one of the most traditional c
Published 14 Dec, 2011 12:00am
Sindh police seal seminary; five booked on charge of torturing

Sindh police seal seminary; five booked on charge of torturing

Sindh police on Tuesday sealed the seminary located in Gadap Town and booked five persons over the charge of torturing and keeping at least 88 people into custody, illegally in its basement. According to police sources, a case 273/11 was registered under
Published 14 Dec, 2011 12:00am
NCSW welcomes passage of two women's rights bills

NCSW welcomes passage of two women's rights bills

The National Commission on the Status of Women (NCSW) on Monday welcomed the passage of two important women's rights bills including `Prevention of Anti-Women Practices Bill' and`Acid Control and Acid Crimes Prevention Bill', passed by the upper house of
Published 14 Dec, 2011 12:00am
Rs 718 million for canal road widening project approved

Rs 718 million for canal road widening project approved

Chief Minister Punjab, Muhammad Shahbaz Sharif has approved a development package worth Rs 718 million for the widening of canal road. He directed DCO here and DG FDA to take up this project on priority basis for the completion of development work without
Published 14 Dec, 2011 12:00am
PAAPAM concerned over 24,500 used cars' import

PAAPAM concerned over 24,500 used cars' import

Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has expressed its grave concern over import of 24,500 used car in 8 months which have flooded the local market. Talking to Business Recorder here on Tuesday Syed Nabeel
Published 14 Dec, 2011 12:00am
Pakistan, Turkey PTA to be signed next year: envoy

Pakistan, Turkey PTA to be signed next year: envoy

Preferential Trade Agreement (PTA) between Pakistan and Turkey is all set to be signed early next year and the list of goods to be traded between the two countries is being finalised. Turkish Ambassador Hizlan Babur said this while speaking at the Lahore
Published 14 Dec, 2011 12:00am
'Gas loadshedding badly affecting industrial sector's growth'

'Gas loadshedding badly affecting industrial sector's growth'

Pakistan Muslim League-Nawaz senior leader Muhammad Pervaiz Malik Tuesday said gas load-shedding is badly affecting industrial sector growth and will leave a negative impact on the overall economy of the country. Talking to Business Recorder, Malik said t
Published 14 Dec, 2011 12:00am
Gas shortage in Faisalabad: PIAF convenes meeting on December 20

Gas shortage in Faisalabad: PIAF convenes meeting on December 20

Pakistan Industrial and Traders Association Front (PIAF) has convened a meeting of its Executive Committee on December 20 to express solidarity with the business community of Faisalabad who has been suffering due to an acute shortage of gas. A strategy to
Published 14 Dec, 2011 12:00am
KGC group pays Rs 1.1 million to SKMCH&RC

KGC group pays Rs 1.1 million to SKMCH&RC

Chairman Kausar Group of Companies(KGC), Abid Ali presented a cheque of Rs 1.1 million to Shaukat Khanum Memorial Cancer Hospital and Research Centre(SKMCH&RC) as the first payment. A ceremony, in this regard, was attended by the representatives of both o
Published 14 Dec, 2011 12:00am
Nawaz should worry about General Zia's killers: Riaz

Nawaz should worry about General Zia's killers: Riaz

Raja Riaz said Tuesday Nawaz Sharif should worry about the arrest of the killers of General Zia-ul-Haq, his political mentor, instead of focusing on the arrest of the killers of Benazir Bhutto. He was talking to media outside the Punjab assembly. He also
Published 14 Dec, 2011 12:00am
Rain-hit families: Nadra issues 9,14,558 Pakistan Cards so far

Rain-hit families: Nadra issues 9,14,558 Pakistan Cards so far

National Database and Registration Authority (Nadra) on Tuesday claimed that it has so far issued 9,14,558 Pakistan Cards to heads of rain affected families in Sindh to provide them cash assistance. According to the Authority, through Pakistan Card, head
Published 14 Dec, 2011 12:00am
'Rs 36 billion agriculture sector project in the offing'

'Rs 36 billion agriculture sector project in the offing'

Punjab Agricultural Minister, Maik Ahmad Ali Aulakh has said that a mega project worth 36 billion by Punjab government is in the cards in a bid to uplifting the agricultural sector and protecting available water resources. He was addressing an internation
Published 14 Dec, 2011 12:00am
'Security to PTI public meeting to be provided'

'Security to PTI public meeting to be provided'

Every possible security would be provided to the public meeting of Pakistan Tehrik-e-Insaf on December 25 in Karachi. This was stated by Sindh Home Minister, Manzoor Hussain Wassan, here on Tuesday. He said that there would be no impediment by Government
Published 14 Dec, 2011 12:00am
Sindh chief minister presides over PPP ministers' meeting

Sindh chief minister presides over PPP ministers' meeting

Chief Minister Sindh, Syed Qaim Ali Shah Tuesday presided over a meeting, held at Chief Minister's House, of the ministers of Sindh Cabinet belonging to Pakistan People's Party. Speaking on the occasion, he said that present government under the policies
Published 14 Dec, 2011 12:00am
Opponents won't get political mileage: Gilani

Opponents won't get political mileage: Gilani

Prime Minister Syed Yousuf Raza Gilani on Tuesday said political opponents who were playing to the gallery would not get political mileage they were hoping for, as the democracy and its dynamics were strong enough to withstand the pressures unleashed by t
Published 14 Dec, 2011 12:00am
'No programme lending by ADB during 2011-12'

'No programme lending by ADB during 2011-12'

There has been no program lending or budgetary support by the Asian Development Bank (ADB) to Pakistan during the current fiscal year 2011-12, while discussions with the government regarding the prevailing issue of circular debt are going on.
Published 14 Dec, 2011 12:00am
SECP holds roundtable on Take-over Regulations

SECP holds roundtable on Take-over Regulations

The SECP organised a roundtable meeting in Karachi with representatives of the corporate sector on proposed amendments to the 2008 Take-over Regulations. The areas like introduction of chain acquisition principle, take-over fee, clarification on negotiate
Published 14 Dec, 2011 12:00am
Nato attack necessitates hard thinking, says Naek

Nato attack necessitates hard thinking, says Naek

Acting President Farooq H Naek has said that 26/11 Nato attack on the border post in Momand Agency has made it necessary for Pakistan to do some hard thinking for taking appropriate short-term and long-term measures to safeguard its national interests as
Published 14 Dec, 2011 12:00am
PTI leader joins PML-N

PTI leader joins PML-N

Pakistan Tehreek-e-Insaf (PTI) leader and member executive committee Adnan Kayani Tuesday met Pakistan Muslim League-Nawaz (PML-N) President Muhammad Nawaz Sharif and announced to join PML-N reposing confidence in the leadership of Muslim League. Adnan Ka
Published 14 Dec, 2011 12:00am
Implementing gas loadshedding: LHC questions ECC role

Implementing gas loadshedding: LHC questions ECC role

The Lahore High Court (LHC) on Tuesday questioned the role of Economic Co-ordination Committee (ECC) of the cabinet in implementing gas loadshedding by directly issuing notification. The court also summoned member gas of Ogra on Wednesday (today) along wi
Published 14 Dec, 2011 12:00am
Haris Steel Mills: no plea bargaining without court's permission: CJP

Haris Steel Mills: no plea bargaining without court's permission: CJP

A division bench of the Supreme Court on Tuesday directed National Accountability Bureau (NAB) to give details on Haris Steel Mills' sold assets to Salvage Committee constituted for the Bank of Punjab loan scam. The committee is required to produce report
Published 14 Dec, 2011 12:00am
Pakistan wants ties based on mutual respect: Gilani

Pakistan wants ties based on mutual respect: Gilani

Prime Minister Syed Yousuf Raza Gilani on Tuesday said that Pakistan wanted peace and friendly relations with other countries based on mutual respect and national interests stemming from the best practices of diplomacy. He was talking to Chairman Joint Ch
Published 14 Dec, 2011 12:00am
May 2 Commission holds interactive session

May 2 Commission holds interactive session

Inquiry commission on Abbottabad operation on Tuesday held a detailed interactive session with President of Awami National Party (ANP), Asfandyar Wali Khan, Afrasiab Khattak (ANP), Senator Professor Khurshid Ahmed of Jamat-e-Islami and Hamid Ali Khan of P
Published 14 Dec, 2011 12:00am
Punjab government, Turk companies ink MoUs

Punjab government, Turk companies ink MoUs

Memorandums of Understanding for co-operation in various sectors were signed between Punjab government and Turk companies in a ceremony at Chief Minister's Secretariat, here Tuesday. The agreements reached at between Punjab government and Turk companies i
Published 14 Dec, 2011 12:00am
Sikhs from Khyber Agency join PTI

Sikhs from Khyber Agency join PTI

Members of Sikh community hailing from Khyber Agency on Tuesday announced that they are quitting Awami National Party and joining Pakistan Tehreek-e-Insaf. The announcement made by Sahib Singh, leader of Sikh community during a press conference at Peshawa
Published 14 Dec, 2011 12:00am
Sheikh Zyed Hospital devolution: government faces criticism in Senate

Sheikh Zyed Hospital devolution: government faces criticism in Senate

The government came under criticism in the Senate over failure to implement 18th Constitutional Amendment and warned by Pakistan Muslim League (Nawaz) that it would move the court if Sheikh Zyed Hospital, Lahore was not devolved to the Punjab government.
Published 14 Dec, 2011 12:00am
LHC extends stay against fuel adjustment surcharge

LHC extends stay against fuel adjustment surcharge

The Lahore High Court (LHC) on Tuesday extended till the December 19 the stay against levy of fuel adjustment surcharge in the electricity bills of both domestic and commercial consumers. National Electric Power Regulatory Authority (Nepra) had issued a n
Published 14 Dec, 2011 12:00am
PSO cancels jet fuel tender after Nato raid

PSO cancels jet fuel tender after Nato raid

Pakistan State Oil (PSO) has cancelled a tender to purchase jet fuel in January after the government closed supply routes to Nato troops in Afghanistan in protest at a cross-border raid, two sources with direct knowledge of the matter said on Tuesday. The
Published 14 Dec, 2011 12:00am
Action ordered against vehicles using substandard CNG cylinders

Action ordered against vehicles using substandard CNG cylinders

Sindh Minister for Environment, Shaikh Mohammad Afzal has directed the concerned officials of his department to take strict action against owners and drivers of vehicles installed with sub-standard CNG cylinders. In a condolence meeting held on Tuesday fo
Published 14 Dec, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (December 13, 2011) and the forecast for Wednesday (December 14, 2011).

Published 14 Dec, 2011 12:00am
Pakistan to make policies in supreme national interest: Hina

Pakistan to make policies in supreme national interest: Hina

Foreign Minister Hina Rabbani Khar said on Tuesday that Pakistan would formulate polices keeping in view core objectives and supreme national interest. Talking to media outside the Parliament she said "We will make polices keeping in view core objectives
Published 14 Dec, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (December 13, 2011).

Published 14 Dec, 2011 12:00am
Nato containers scam: FBR hands over complete record to NAB

Nato containers scam: FBR hands over complete record to NAB

In an extraordinary development in Isaf/Nato containers scam, the Federal Board of Revenue has handed over all the relevant record and documents to the National Accountability Bureau (NAB) for initiation of criminal proceedings against the customs officia
Published 14 Dec, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 14 Dec, 2011 12:00am
Canal desilting: 2000 megawatts power shortage likely

Canal desilting: 2000 megawatts power shortage likely

More than 2000MW power shortage is likely to take place with the start of canal desilting from last week of December until the end of January. The canal desilting campaign is an annual feature, an exercise to take extra sand and mud out of canals througho
Published 14 Dec, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 14 Dec, 2011 12:00am
Education is key to progress, success of a nation: chief minister Punjab

Education is key to progress, success of a nation: chief minister Punjab

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the dream of national progress and prosperity can only be realised by equipping the young generation with modern education and Punjab government is attaching top priority to this sector. He said
Published 14 Dec, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (December 13, 2011).

Published 14 Dec, 2011 12:00am
MQM, PPP parleys on LG systems continue at chief minister house

MQM, PPP parleys on LG systems continue at chief minister house

A delegation of Muttahida Qaumi Movement (MQM) called on Sindh Chief Minister, Syed Qaim Ali Shah at the CM House here on Tuesday. The MQM delegation was led by provincial minister, Syed Sardar Ahmed and comprised Sindh Health Minister, Dr Saghir Ahmed, W
Published 14 Dec, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (December 13, 2011) and for Wednesday (December 14, 2011).
Published 14 Dec, 2011 12:00am
Continuing as President: Imran for evaluating President Zardari's health

Continuing as President: Imran for evaluating President Zardari's health

Pakistan Tahreek-e-Insaf (PTI) Chairman Imran Khan has said that it is imperative to evaluate President Asif Ali Zardari's ability to discharge his duties in the wake of his recent illness He expressed these views while talking to media outside Allama Iqb
Published 14 Dec, 2011 12:00am
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