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Print - 2012-03-01
James Murdoch steps down from News International

James Murdoch steps down from News International

News Corp said Wednesday that James Murdoch has stepped down as executive chairman of News International, the Rupert Murdoch-owned company's troubled British publishing unit. News International has been embroiled in a phone-hacking scandal which has seen
Published 01 Mar, 2012 12:00am
Dozens charged in US auto insurance fraud

Dozens charged in US auto insurance fraud

Federal authorities unveiled charges on Wednesday against three dozen people suspected of involvement in a scheme to defraud automobile insurers that provide healthcare benefits to accident victims out of more than $275 million.
Published 01 Mar, 2012 12:00am
20 dead in attack in China's restive west region

20 dead in attack in China's restive west region

Attackers wielding knives killed 13 people in China's Xinjiang region before police shot seven of them dead, the government said, in the latest violence to strike the ethnically divided north-western area. The Xinjiang government said the killings on Tues
Published 01 Mar, 2012 12:00am
Japan finishes world's tallest communications tower

Japan finishes world's tallest communications tower

Construction of the Tokyo Sky Tree, the world's tallest communications tower and second-highest building, finished Wednesday, two months late because of the quake and tsunami that struck Japan last March. Tourist bosses in the country hope the 634-metre (
Published 01 Mar, 2012 12:00am
Taiwan air force captain held over leaks to China

Taiwan air force captain held over leaks to China

A Taiwanese air force captain at a radar command and control centre has been arrested for allegedly leaking classified data to China, officials and media said Wednesday. The captain, identified only by his surname Chiang, was arrested in January for alleg
Published 01 Mar, 2012 12:00am
Former top Citigroup executive dies

Former top Citigroup executive dies

Terri Dial, a former senior executive of some of the world's largest banks and one of the leaders of Citigroup's post-crisis restructuring, has died. Dial, 62, died Tuesday of pancreatic cancer, according to media reports. Citi Chief Executive Vikram Pand
Published 01 Mar, 2012 12:00am
Romney survives in Michigan, eyes on Super Tuesday

Romney survives in Michigan, eyes on Super Tuesday

Republican presidential candidate Mitt Romney headed back onto the campaign trail on Wednesday hoping to re-energise his campaign after narrowly avoiding a humiliating defeat by rival Rick Santorum in his home state.
Published 01 Mar, 2012 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures settled lower on Wednesday on investor liquidation after the market stalled in its advance while the firm dollar and weak outside markets undermined fibre contracts, analysts said. Benchmark May cotton on ICE Futures US dropped 1.80 cents o
Published 01 Mar, 2012 12:00am
Copper reverses gains

Copper reverses gains

Copper prices fell on Wednesday, reversing from a two-week high, as the dollar rose sharply and after comments on the US economy by Federal Reserve Chairman Ben Bernanke. Three-month copper on the London Metal Exchange closed at $8,499 a tonne, down from
Published 01 Mar, 2012 12:00am
Oil dips as US crude stocks rise sharply

Oil dips as US crude stocks rise sharply

Oil was lower for a third straight day on Wednesday after a larger-than-expected increase in crude oil inventories last week, at a time when refinery activity slowed sharply, indicated weaker demand in the world's largest oil consumer. Prices were higher
Published 01 Mar, 2012 12:00am
Tokyo rubber futures inch up

Tokyo rubber futures inch up

Key TOCOM rubber futures wiped out earlier losses to end slightly higher on Wednesday, partly due to strong car production data in Japan, while gains across other markets on hopes of cheap loans from the ECB also supported prices. The key Tokyo Commodity
Published 01 Mar, 2012 12:00am
Soya jumps to five-month high

Soya jumps to five-month high

US soybeans rallied for the seventh session on Tuesday, notching a five-month high on expectations that shrinking supplies in South America will boost demand for US exports, especially from top buyer China. Funds kept plowing money into soybeans, boosting
Published 01 Mar, 2012 12:00am
Palm oil falls

Palm oil falls

Malaysian crude palm oil futures fell on Wednesday, pressured by concerns about slowing demand and the stronger ringgit currency, although hopes that the European Central Bank will offer cheap loans to European banks helped limit losses. The ringgit-price
Published 01 Mar, 2012 12:00am
Sugar stays down

Sugar stays down

Raw sugar futures sank for the second straight session as the market turned its focus to expiration of the spot raw sugar contract later on Wednesday, while the rest of the softs complex declined because of a firm dollar. New York's March raw sugar future
Published 01 Mar, 2012 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold hovered below a three-month high on Wednesday, after rallying 1 percent in the previous session, supported by expectations for more cheap loans to be offered by the European Central Bank later in the day. Spot gold was little changed at $1,784.64 an
Published 01 Mar, 2012 12:00am
Gold steadies in London

Gold steadies in London

Gold eased on Wednesday, reversing a brief move higher after the European Central Bank fed cash-hungry commercial banks over half a trillion euros in cheap loans, further greasing the wheels of the financial system, but depressing the value of the euro. T
Published 01 Mar, 2012 12:00am
Soya jumps

Soya jumps

US soyabean futures climbed to a fresh five-month high on Wednesday and were headed for their biggest monthly gain in more than a year, bolstered by growing export demand and investment fund buying. Soyabeans were holding onto gains after trading in both
Published 01 Mar, 2012 12:00am
US MIDDAY: copper slips

US MIDDAY: copper slips

In New York, the active May COMEX contract settled with a loss of 4.20 cents at $3.8795 per lb, after dealing between $3.8050 and $3.9615. Copper prices rose earlier in the day on news that the European Central Bank (ECB) had allocated more than $500 bill
Published 01 Mar, 2012 12:00am
US MIDDAY: gold tumbles

US MIDDAY: gold tumbles

Gold fell 3 percent early on Wednesday for its biggest one-day drop in 2-1/2 months, as a dollar rally following US Federal Reserve Chairman Ben Bernanke's comment on an encouraging job recovery prompted funds to heavily unwind bullish bets. Bullion fell
Published 01 Mar, 2012 12:00am
Standard Chartered Bank's board member visits KSE

Standard Chartered Bank's board member visits KSE

V. Shankar, Member of the Board, Standard Chartered Bank PLC and CEO - Europe, Middle East, Africa and Americas, visited the Karachi Stock Exchange (KSE) on Wednesday (February 28). He rang the "Opening Bell" of the Exchange in the presence of the Chairma
Published 01 Mar, 2012 12:00am
LHC summons TDA CEO

LHC summons TDA CEO

The Lahore High Court here on Wednesday directed Chief Executive on Trade Development Authority to appear before the court on March 12 in a petition filed by Maple Leaf Cement Company. The petitioner company in a contempt petition contended that the respo
Published 01 Mar, 2012 12:00am
CCP issues show-cause notices to NPF, Tri-Star Cable TV

CCP issues show-cause notices to NPF, Tri-Star Cable TV

The Competition Commission of Pakistan (CCP) has issued show-cause notices to National Police Foundation and Tri-Star Cable TV Network for, prima facie, entering into an exclusive agreement prohibited under the Competition Act, 2010.
Published 01 Mar, 2012 12:00am
Standard Chartered PLC announces record profits

Standard Chartered PLC announces record profits

Standard Chartered PLC has announced a ninth consecutive year of record profits and income in 2011. Its continued performance is underpinned by strong capital and liquidity and multiple sources of income across the faster-growing markets of Asia, Africa a
Published 01 Mar, 2012 12:00am
Standard Chartered PLC announces record profits

Standard Chartered PLC announces record profits

Standard Chartered PLC has announced a ninth consecutive year of record profits and income in 2011. Its continued performance is underpinned by strong capital and liquidity and multiple sources of income across the faster-growing markets of Asia, Africa a
Published 01 Mar, 2012 12:00am
Book launched

Book launched

A launching ceremony of Dr Mirza Arshad Ali's book: "Life Processes, Health, Aging and Disease" and his lecture on the subject of "Oxidative Dehydration and Reductive Rehydration" was held yesterday under the aegis of Faculty of Eastern Medicine, Hamdard
Published 01 Mar, 2012 12:00am
Seminar

Seminar

Sindh Agriculture Forestry Workers Co-ordination Organisation (SAFWCO) organised one-day seminar on strengthening socio economic status of home based bouquet and garment alteration in non-formal settlement at the Hyderabad Press Club. The seminar was orga
Published 01 Mar, 2012 12:00am
EU ambassador meets Bhootani

EU ambassador meets Bhootani

Ambassador European Union (EU) Lars Ganzwick Mark called on Speaker Balochistan Assembly (BA) Mohammad Aslam Bhootani at his chamber here on Wednesday. The Speaker Balochistan Assembly briefed EU ambassador who is on three-day visit to Balochistan about t
Published 01 Mar, 2012 12:00am
ECP asks Waheeda to appear before it on March 6

ECP asks Waheeda to appear before it on March 6

While admitting the complain of Mushtaq Talpur, an independent candidate in by-election of PS-53 Tando Mohammad Khan, the Election Commission of Pakistan (ECP) has called Ms Waheeda Shah, Pakistan People's Party's candidate, on March 6, 2012, for the hear
Published 01 Mar, 2012 12:00am
PA passes Sindh Irrigation (Amendment) Bill, 2011

PA passes Sindh Irrigation (Amendment) Bill, 2011

The provincial lawmakers on Wednesday passed the Sindh Irrigation (Amendment) Bill, 2011, into law unanimously to amend the "Sind Irrigation Act 1879", with a view to remove encroachments from the natural or artificial depression courses on the government
Published 01 Mar, 2012 12:00am
PA passes Sindh Irrigation (Amendment) Bill, 2011

PA passes Sindh Irrigation (Amendment) Bill, 2011

The provincial lawmakers on Wednesday passed the Sindh Irrigation (Amendment) Bill, 2011, into law unanimously to amend the "Sind Irrigation Act 1879", with a view to remove encroachments from the natural or artificial depression courses on the government
Published 01 Mar, 2012 12:00am
Khushhali Bank, IBAES announce winners

Khushhali Bank, IBAES announce winners

Khushhali Bank and IBA Entrepreneurship Society (IBAES) recently announced winners at the finale of ISERVE 2012 - a unique social enterprise competition aimed at providing students a platform to contribute significantly towards the community in the form o
Published 01 Mar, 2012 12:00am
Congratulations!

Congratulations!

It is a day of great pride for all Pakistanis. Earlier today, Sharmeen Obaid-Chinoy became the first-ever Pakistani recipient of an Oscar at the 84th Academy Awards.
Published 01 Mar, 2012 12:00am
Prospecting for profit-makers

Prospecting for profit-makers

Pursuant to the generic modus operandi, a brief recap. In previous parts, having professed that profit is the only logical pursuit at all levels, including the state, reflections had deduced that profit making skill is a birth right. It cannot be taught n
Published 01 Mar, 2012 12:00am
Credibility: it still matters in leadership

Credibility: it still matters in leadership

At times, leaders forget that credibility is an important factor to influence one's followers. When one loses credibility, he becomes ineffective as his commands are not responded by his followers. That is why both in international and domestic politics c
Published 01 Mar, 2012 12:00am
VIEWPOINT: Dumping bad traditions

VIEWPOINT: Dumping bad traditions

Results of last week's by-elections may not have held any surprises, but the manner in which the polls were conducted and outcomes celebrated highlight at least three bad traditions that we need to do away with. First, women were prevented from exercising
Published 01 Mar, 2012 12:00am
Devil dance on KKH

Devil dance on KKH

Early Tuesday morning, several gunmen donning military fatigues intercepted a motor caravan somewhere halfway through the Karakorum Highway, pulled passengers out of the vehicles, identified their sectarian affiliation, made them stand in a line and cut t
Published 01 Mar, 2012 12:00am
IMF and Pakistan

IMF and Pakistan

Former Finance Secretary and incumbent Secretary of Economic Affairs Division Waqar Masood reiterated a well-known fact: that the government was deprived of programme lending since 10 May 2010, as opposed to specific project support, due to its inability
Published 01 Mar, 2012 12:00am
Textile bodies demand impartial audit of EOBI funds

Textile bodies demand impartial audit of EOBI funds

Textile Associations have demanded impartial audit of EOBI funds which are being indiscriminately invested in dead and risky portfolios instead of expending on provision of workers' pension, children marriages and stipend to widows and have demanded the C
Published 01 Mar, 2012 12:00am
After tax loss of Summit Bank reduces to Rs 1.536 billion

After tax loss of Summit Bank reduces to Rs 1.536 billion

The after tax loss of Summit Bank Limited has reduced to Rs 1.536 billion in the year ended December 31, 2011 as compared to after tax loss of Rs 3.018 billion recorded in the year 2010. The board of directors of the bank in its meeting held on Wednesday
Published 01 Mar, 2012 12:00am
After tax loss of Summit Bank reduces to Rs 1.536 billion

After tax loss of Summit Bank reduces to Rs 1.536 billion

The after tax loss of Summit Bank Limited has reduced to Rs 1.536 billion in the year ended December 31, 2011 as compared to after tax loss of Rs 3.018 billion recorded in the year 2010. The board of directors of the bank in its meeting held on Wednesday
Published 01 Mar, 2012 12:00am
Samba Bank posts after tax profit of Rs 236.515 million

Samba Bank posts after tax profit of Rs 236.515 million

Samba Bank Limited has posted after-tax profit of Rs 236.515 million as against a loss of Rs 119.594 million in 2010, registering a growth rate of almost 300 percent. This is the first time the Bank posted full year profit since 2003. The Board of Directo
Published 01 Mar, 2012 12:00am
Samba Bank posts after tax profit of Rs 236.515 million

Samba Bank posts after tax profit of Rs 236.515 million

Samba Bank Limited has posted after-tax profit of Rs 236.515 million as against a loss of Rs 119.594 million in 2010, registering a growth rate of almost 300 percent. This is the first time the Bank posted full year profit since 2003. The Board of Directo
Published 01 Mar, 2012 12:00am
Minorities seek legislation to stop forced conversion

Minorities seek legislation to stop forced conversion

The Sindh Assembly on Wednesday referred a resolution to the Sindh Law Department to see whether any law exists to stop the forced conversion of minorities into religion Islam, as minority members demanded for legislation.
Published 01 Mar, 2012 12:00am
'Children's Benefit Concert' held

'Children's Benefit Concert' held

The 12th Annual 'Children's Benefit Concert' was organised by Family Educational Services Foundation (FESF) here at the PAF Museum on February 29. About 4,500 underprivileged and special needs children from 60 institutions and schools in Karachi were the
Published 01 Mar, 2012 12:00am
SRO 191(I)/2012: new FBR procedure suffers from serious legal flaws

SRO 191(I)/2012: new FBR procedure suffers from serious legal flaws

The new procedure introduced by the Federal Board of Revenue (FBR) to ascertain identity of unregistered persons, to broaden the tax base, suffers from serious legal flaws in relation to disallowance of input tax, levy of penalty and seller's liability fo
Published 01 Mar, 2012 12:00am
Silkbank posts Rs 695.063 million profit after tax

Silkbank posts Rs 695.063 million profit after tax

Silkbank Limited has posted Rs 695.063 million as profit after tax in the year ended December 31, 2011 as compared to after tax loss of Rs 1,131.154 million in the year 2010. The board of directors of the bank in its meeting held on Wednesday declared the
Published 01 Mar, 2012 12:00am
Silkbank posts Rs 695.063 million profit after tax

Silkbank posts Rs 695.063 million profit after tax

Silkbank Limited has posted Rs 695.063 million as profit after tax in the year ended December 31, 2011 as compared to after tax loss of Rs 1,131.154 million in the year 2010. The board of directors of the bank in its meeting held on Wednesday declared the
Published 01 Mar, 2012 12:00am
Bestway Cement posts Rs 724.991 million profit after tax

Bestway Cement posts Rs 724.991 million profit after tax

Bestway Cement Limited has posted Rs 724.991 million as profit after tax in the half year period ended December 31, 2011 as compared to after tax loss of Rs 477.050 million in the corresponding period in 2010. The board of directors of the company in its
Published 01 Mar, 2012 12:00am
Bestway Cement posts Rs 724.991 million profit after tax

Bestway Cement posts Rs 724.991 million profit after tax

Bestway Cement Limited has posted Rs 724.991 million as profit after tax in the half year period ended December 31, 2011 as compared to after tax loss of Rs 477.050 million in the corresponding period in 2010. The board of directors of the company in its
Published 01 Mar, 2012 12:00am
DPS wins annual flower show

DPS wins annual flower show

Dawood Public School has been awarded first prize in the category of Kitchen Garden, at the Annual Flower Show organised by the Horticultural Society of Pakistan. Dawood Public School displayed innovative ways of growing vegetables such as vertical garden
Published 01 Mar, 2012 12:00am
JMA organises Mehfil-e-Milad

JMA organises Mehfil-e-Milad

Junagardh (Dhorajiwala) Memon Association (JMA) organised an event to celebrate Eid Milad-un-Nabi (SA) at Adamji community center here on Wednesday. Well-known Naatkhwan Hooria Fahim and Syeda Qamar-u-Nisa Chairperson Jilani Welfare Association and a larg
Published 01 Mar, 2012 12:00am
Faysal Bank's profit after tax rises to Rs 1.28 billion

Faysal Bank's profit after tax rises to Rs 1.28 billion

The profit after tax of Faysal Bank has increased to Rs 1.28 billion in the year ended December 31, 2011 as compared to Rs 1.19 billion earned in the year 2010. The board of directors of the bank in its meeting held here on February 28, declared that the
Published 01 Mar, 2012 12:00am
Faysal Bank's profit after tax rises to Rs 1.28 billion

Faysal Bank's profit after tax rises to Rs 1.28 billion

The profit after tax of Faysal Bank has increased to Rs 1.28 billion in the year ended December 31, 2011 as compared to Rs 1.19 billion earned in the year 2010. The board of directors of the bank in its meeting held here on February 28, declared that the
Published 01 Mar, 2012 12:00am
SSGC's profit after tax falls

SSGC's profit after tax falls

Profit of the Sui Southern Gas Company (SSGC) after tax has declined to Rs 1.539 billion in the half year period ended December 31, 2011 as compared to Rs 2.113 billion in the corresponding period in 2010. The board of directors of the company in its meet
Published 01 Mar, 2012 12:00am
SSGC's profit after tax falls

SSGC's profit after tax falls

Profit of the Sui Southern Gas Company (SSGC) after tax has declined to Rs 1.539 billion in the half year period ended December 31, 2011 as compared to Rs 2.113 billion in the corresponding period in 2010. The board of directors of the company in its meet
Published 01 Mar, 2012 12:00am
Senate body proposes a road map for food security to MoF

Senate body proposes a road map for food security to MoF

Sub-Committee of the Senate Standing Committee on Finance has proposed Ministry of Finance a road map for food security, focusing on the modes of availability, accessibility, affordability and distribution and for having effective control on prices of ess
Published 01 Mar, 2012 12:00am
ECP displays preliminary electoral rolls at 55,000 centres

ECP displays preliminary electoral rolls at 55,000 centres

The Election Commission of Pakistan (ECP) on Wednesday displayed preliminary electoral rolls of 80.32 million voters at 55,000 display centres across the country. The commission vowed to finalize error-free voters' lists by the end of May this year. The E
Published 01 Mar, 2012 12:00am
Widow given Rs 0.5 million on Ombudsman's order

Widow given Rs 0.5 million on Ombudsman's order

A widow got Rs 0.5 million as financial assistance on the directives of Provincial Ombudsman, Sindh Asad Ashraf Malik. Farida Khalid, widow of Muhammad Khalid Khan, Ex-Audit Accounts Assistance in Sindh Building Control Authority, in her complaint to Ombu
Published 01 Mar, 2012 12:00am
Trading in JOV & Company shares suspended

Trading in JOV & Company shares suspended

The Karachi Stock Exchange (KSE) has decided to suspend trading in the shares of Javed Omer Vohra and Company Limited, a listed company at the Exchange, with effect from Thursday (today). The trading in the shares of the company will be suspended for a pe
Published 01 Mar, 2012 12:00am
KCCI Chief to raise issue of car engines' import from India

KCCI Chief to raise issue of car engines' import from India

Chairman, Import and Anti-Smuggling Sub-Committee of Karachi Chamber of Commerce and Industry (KCCI), Anis Majeed has assured members of the sub-committee that he will put up the issue of import of Courey and Suzuki engine from India before the Secretary
Published 01 Mar, 2012 12:00am
Sindh government begins to prepare ADP 2012-13

Sindh government begins to prepare ADP 2012-13

Sindh Government has initiated the work to prepare Annual Development Programme (ADP) 2012-13, as various departments are submitting their proposals about the development schemes to be included in the programme.
Published 01 Mar, 2012 12:00am
SAARC energy symposium: Siemens invited to present paper

SAARC energy symposium: Siemens invited to present paper

The Siemens has been invited to present a paper at the SAARC energy symposium. An announcement here on Wednesday said that Irfan Ahmad, Vice President and Division head renewables Siemens Pakistan, has left for Sri Lanka to participate in the 5th Japan-SA
Published 01 Mar, 2012 12:00am
Sindh Assembly pays tribute to Shermeen

Sindh Assembly pays tribute to Shermeen

The Sindh Assembly on Wednesday paid tribute to a Pakistan female filmmaker, Shermeen Obaid-Chinoy for winning Oscar Award to earn glory for the nation. She won 84th Oscar Award for her documentary "Saving Face" on Tuesday. With Sikandar Mandhro in the ch
Published 01 Mar, 2012 12:00am
Privilege motion: Sindh Assembly body to submit report in three days

Privilege motion: Sindh Assembly body to submit report in three days

Sindh Assembly's special committee constituted to hear a provincial lawmaker's privilege motion would submit its report in next three days to Speaker Nisar Khohro, sources said on Wednesday. Pakistan Peoples Party's legislator, Javed Shah belongs to Sukku
Published 01 Mar, 2012 12:00am
Two more schools elevated

Two more schools elevated

Chief Minister Khyber-Pakhtunkhwa Ameer Haider Khan Hoti approved alteration of Government Girls High School Gulbahar and Government Girls High Secondary School Shahab-ud-din as Centennial Model Schools.
Published 01 Mar, 2012 12:00am
Gilani to open civic centre at Gwadar

Gilani to open civic centre at Gwadar

Prime Minister Syed Yousuf Raza Gilani will inaugurate the building of Civic Centre at Gwadar that will be a modern addition to the port city and help its growth. The Prime Minister accepted the invitation of Minister for Ports and Shipping, Babur Khan Gh
Published 01 Mar, 2012 12:00am
Death of Chinese woman Pakistan vows thorough investigation

Death of Chinese woman Pakistan vows thorough investigation

Pakistan on Wednesday assured a thorough investigation into the murder of a Chinese woman that was shot dead in Khyber Pakhtunkhwa on Tuesday. I am deeply shocked by the killing of a Chinese national in Peshawar. We strongly condemn this tragic incident a
Published 01 Mar, 2012 12:00am
'Pakistan Pilgrim Commission' to be set up

'Pakistan Pilgrim Commission' to be set up

Ministry of Religious Affairs has prepared a draft bill for presenting in the National Assembly to establish a "Pakistan Pilgrim Commission" for making Hajj arrangements including, administrative matters, welfare of pilgrims and policy formulation, it is
Published 01 Mar, 2012 12:00am
UN chief condemns incident

UN chief condemns incident

UN Secretary-General Ban Ki-moon has strongly condemned Tuesday's attack in Kohistan in which gunmen killed 18 people after ordering them off a bus on the Islamabad-Gilgit route. He extended his heartfelt condolences to the families of the victims of the
Published 01 Mar, 2012 12:00am
Culprits behind bus attack identified, claims Malik

Culprits behind bus attack identified, claims Malik

Security agencies have identified those involved in firing on defenceless bus passengers on their way to Gilgit on Tuesday in which 18 people were massacred, claimed Interior Minister, Rehman Malik on Wednesday.
Published 01 Mar, 2012 12:00am
'Iran wants to enhance economic ties with Pakistan'

'Iran wants to enhance economic ties with Pakistan'

Consul General, Iranian Consulate in Peshawar, Hassan Darvishvand said that Islamic Republic of Iran wanted to enhance bilateral economic ties with brother Islamic countries, especially Pakistan, saying that Iran would have the capacity to meet the growin
Published 01 Mar, 2012 12:00am
Kayani visits Skardu, Forward locations

Kayani visits Skardu, Forward locations

Chief of Army Staff (CoAS) General Ashfaq Parvez Kayani visited Skardu and Forward locations at Minimerg and Domel sectors in Gilgit-Baltistan on Wednesday. The CoAS was briefed about the current internal security situation of the region, in the aftermath
Published 01 Mar, 2012 12:00am
LHC issues notices to vice chancellor of PU

LHC issues notices to vice chancellor of PU

The Lahore High Court issued notices on Wednesday to the Vice Chancellor of the Punjab University and others in a petition filed before the Lahore High Court for making recruitments against merit. The petitioner bar member Fiyaz Ahmed contended that appoi
Published 01 Mar, 2012 12:00am
NAB approves filing of reference against former CE Khyber Pakhtunkhwa

NAB approves filing of reference against former CE Khyber Pakhtunkhwa

The Executive Board of NAB approved filing of reference against Allauddin, former Chief Engineer, Public Health, Khyber-Pakhtunkhwa, while rejecting his request for voluntary return, as there was a clear-cut evidence of corruption to prove the allegation
Published 01 Mar, 2012 12:00am
Pre-budget debate: Punjab legislators seek specific economical measures

Pre-budget debate: Punjab legislators seek specific economical measures

In Punjab Assembly's pre-budget debate here on Wednesday, legislators emphasised upon the provincial government to take such economic measures in the future budget that makes the life of citizen easy. Legislators were united in their suggestion that borro
Published 01 Mar, 2012 12:00am
Pre-budget debate: Punjab legislators seek specific economical measures

Pre-budget debate: Punjab legislators seek specific economical measures

In Punjab Assembly's pre-budget debate here on Wednesday, legislators emphasised upon the provincial government to take such economic measures in the future budget that makes the life of citizen easy. Legislators were united in their suggestion that borro
Published 01 Mar, 2012 12:00am
Five members of a family found dead

Five members of a family found dead

The police here on Wednesday found bodies of five members of a family including three females from a flat in Askari -5 in the limits of Saddar police station. According to police, the bodies were recovered on the information of the driver and added that t
Published 01 Mar, 2012 12:00am
PCGA summons CEC meeting on March 10

PCGA summons CEC meeting on March 10

Pakistan Cotton Ginners Association (PCGA) has summoned the meeting of central executive committee (CEC) on March 10 to discuss the cotton crisis, taxation matters, establishment of Cotton Ginning Research Institute, cotton export wing in Ministry of Text
Published 01 Mar, 2012 12:00am
Pakistani pleads guilty in key Guantanamo case

Pakistani pleads guilty in key Guantanamo case

Pakistani national Majid Khan pleaded guilty Wednesday at a Guantanamo military tribunal in a landmark case that could speed the trials of September 11 suspects. Majid Khan, 32, a protege of September 11 mastermind Khalid Sheikh Mohammed, pleaded guilty t
Published 01 Mar, 2012 12:00am
Oil shock to hit economy hard: LCCI President

Oil shock to hit economy hard: LCCI President

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to withdraw oil price hike decision as the 'oil shock' is bound to hit economy and masses alike. LCCI President Irfan Qaiser Sheikh said here on Wednesday that petroleum prices we
Published 01 Mar, 2012 12:00am
President, Prime Minister may attend UN environment moot

President, Prime Minister may attend UN environment moot

President, Asif Ali Zardari or Prime Minister Yousaf Raza Gilani may participate in the United Nations Conference on Environment and Development, to be hosted by Government of Brazil from 20-22 June 2012. An official of Ministry of Foreign Affairs informe
Published 01 Mar, 2012 12:00am
Punjab chief minister speaks about dengue challenge

Punjab chief minister speaks about dengue challenge

Punjab Chief Minister Muhammad Shahbaz Sharif on Wednesday said that the worst ever epidemic of dengue last year was countered in an organised manner and due to the efforts of politicians, bureaucrats, doctors, experts and various institutions, the campai
Published 01 Mar, 2012 12:00am
Dr Israr Shah quits PPP

Dr Israr Shah quits PPP

Dr Israr Shah, once a close aide of late Benazir Bhutto, and who remained associated with Pakistan People's Party (PPP) for about 42 years, has confirmed that he is going to say goodbye to the party on Thursday. Dr Shah will announce his joining of Pakist
Published 01 Mar, 2012 12:00am
'Saudi-Aramco CP increase pushes up local LPG rates'

'Saudi-Aramco CP increase pushes up local LPG rates'

As a result of the present hike in the Saudi Aramco contract price of Liquefied Petroleum Gas (LPG) by $164 per ton, the price of petroleum gas has surged by Rs 15 per kg in the local market. According to a statement issued by All Pakistan LPG Distributor
Published 01 Mar, 2012 12:00am
Jamaat-e-Islami flays increase in PIA fares for Chitral

Jamaat-e-Islami flays increase in PIA fares for Chitral

Activists of Jamaat-e-Islami on Wednesday staged a protest demonstration outside Peshawar Press Club against the hike in PIA fares for Chitral, demanding its immediate withdrawal. The protest demonstration led by JI Naib Ameer Sirajul Haq, former MNA Maul
Published 01 Mar, 2012 12:00am
Source of income: bar member moves Supreme Court against President

Source of income: bar member moves Supreme Court against President

A bar member has approached the Supreme Court against President of Pakistan with a prayer to direct the National Accountability Bureau to find out the source of income of the respondent. The petitioner Feroz Shah alleged that President of Pakistan Asif Al
Published 01 Mar, 2012 12:00am
'Memogate' scandal: cross examination of Mansoor Ijaz testimony today

'Memogate' scandal: cross examination of Mansoor Ijaz testimony today

The Judicial Commission, probing the issue, will start cross-examination of Mansoor's testimony on Thursday. The commission headed by Balochistan High Court Chief Justice, Qazi Faez Issa and comprising Islamabad High Court Chief Justice, Iqbal Hameed-ur-R
Published 01 Mar, 2012 12:00am
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