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Print - 2012-03-11
Chelsea boost Champions League hopes; Blackburn, Bolton win

Chelsea boost Champions League hopes; Blackburn, Bolton win

Chelsea improved their chances of claiming a place in next season's Champions League thanks to a 1-0 win over 10-man Stoke City on Saturday. Didier Drogba scored the only goal - his 100th Premier League goal - on 68 minutes to put Chelsea level on points
Published 11 Mar, 2012 12:00am
Canada's Zoricic dies in World Cup race

Canada's Zoricic dies in World Cup race

Canada's Nick Zoricic has died competing in a ski cross World Cup event in Grindelwald on Saturday, organisers announced. The 29-year-old crashed into safety netting after the final jump just before the finish on the Grindelwald slope. Lying motionless he
Published 11 Mar, 2012 12:00am
Germany's Hoefl-Riesch wins slalom

Germany's Hoefl-Riesch wins slalom

Germany's Maria Hoefl-Riesch won the women's alpine skiing World Cup slalom race here on Saturday, with a knife-edge lead of 00.01secs over Slovakia's Veronika Zuzulova. Canada's Marie-Michele Gagnon was third, 00.11secs back, in her first-ever podium fin
Published 11 Mar, 2012 12:00am
Indian team arrives

Indian team arrives

Indian cricket team led by Mahendra Singh Dhoni arrived here to take part in four-nation 11th Asia Cup starting on Sunday. India returned from disastrous tour of Australia only a few days ago where they were knocked out of triangular series after having b
Published 11 Mar, 2012 12:00am
Ghana bourse aims for 50 listed companies

Ghana bourse aims for 50 listed companies

The Ghana Stock Exchange is targeting a total of 50 listed companies within five years, up from 34, and will launch an alternative market this year to enable smaller companies to raise capital. It will also introduce its first exchange traded fund, deputy
Published 11 Mar, 2012 12:00am
India cuts cash reserve ratio, lifting rate cut hopes

India cuts cash reserve ratio, lifting rate cut hopes

India's central bank on Friday cut the cash reserve ratio (CRR) requirement for banks sooner and more sharply than expected to ease tight liquidity, an accommodative move seen by some as raising the odds for an interest rate cut next week. The Reserve Ban
Published 11 Mar, 2012 12:00am
Koidu discussing possible IPO

Koidu discussing possible IPO

Sierra Leonean diamond miner Koidu Holdings is studying a possible flotation and aims to reach a previously stated target of quadrupling its output to 45,000 carats a month in July. "There is significant benefit in having access to capital markets ... Dis
Published 11 Mar, 2012 12:00am
US-listed shares of foreign firms slip

US-listed shares of foreign firms slip

US-listed shares of foreign companies edged lower on Friday after a better-than-expected payrolls report signalled an improving domestic economy and pushed the dollar higher. The BNY Mellon index of leading American Depository Receipts (ADRs) shed 0.05 pe
Published 11 Mar, 2012 12:00am
Toronto stocks stay higher

Toronto stocks stay higher

Toronto's main stock index edged higher for a third day in a row on Friday, lifted by bullish US employment data and takeover speculation at grain handler Viterra. Viterra led the broader index higher and finished the day up 23.7 percent at C$13.58. The R
Published 11 Mar, 2012 12:00am
Turkish stocks, lira down

Turkish stocks, lira down

The Turkish lira eased slightly on Friday as higher oil prices emphasised the risks of the economy's dependence on imported energy, while bonds took support from prospects for further monetary easing after weak output data earlier this week. The main stoc
Published 11 Mar, 2012 12:00am
Sri Lankan stocks flat, rupee weakens

Sri Lankan stocks flat, rupee weakens

Importer dollar demand drove Sri Lanka's rupee down despite a low supply for the local currency caused by an earlier central bank order to commercial banks to unwind some dollar positions. The rupee closed at 121.50/70 a dollar, down from Thursday's close
Published 11 Mar, 2012 12:00am
Japanese bonds narrowly mixed

Japanese bonds narrowly mixed

Japanese government bonds were narrowly mixed on Friday, sticking close to recent ranges even in the face of surging stock prices, as investors waited for US non-farm payrolls data to get clues on the strength of the American economic recovery. Stocks gai
Published 11 Mar, 2012 12:00am
Japanese bonds narrowly mixed

Japanese bonds narrowly mixed

Japanese government bonds were narrowly mixed on Friday, sticking close to recent ranges even in the face of surging stock prices, as investors waited for US non-farm payrolls data to get clues on the strength of the American economic recovery. Stocks gai
Published 11 Mar, 2012 12:00am
Latam stocks slip as investors eye Europe

Latam stocks slip as investors eye Europe

Mexican and Brazilian stocks dipped on Friday on fears of further debt troubles in Europe even after Greece negotiated a bond swap that is a pre-condition to get bailout funds. Mexico's IPC index fell 0.33 percent, sliding 1.6 percent for the week in its
Published 11 Mar, 2012 12:00am
US bonds slip on jobs data

US bonds slip on jobs data

US government debt prices fell on Friday as news of steady job growth in February reinforced the notion the US economy is gaining traction, spurring investors to trim their low-yielding debt holdings and buy stocks and other growth-oriented assets. Next w
Published 11 Mar, 2012 12:00am
US bonds slip on jobs data

US bonds slip on jobs data

US government debt prices fell on Friday as news of steady job growth in February reinforced the notion the US economy is gaining traction, spurring investors to trim their low-yielding debt holdings and buy stocks and other growth-oriented assets. Next w
Published 11 Mar, 2012 12:00am
Portugal 2013 bond market comeback will be gradual

Portugal 2013 bond market comeback will be gradual

Portugal is unlikely to be able to stage a full return to bond markets in 2013 and may start with issuing debt only up to three-year maturity to rebuild confidence, the president of the country's banking association said in an interview. "No one is thinki
Published 11 Mar, 2012 12:00am
Portugal 2013 bond market comeback will be gradual

Portugal 2013 bond market comeback will be gradual

Portugal is unlikely to be able to stage a full return to bond markets in 2013 and may start with issuing debt only up to three-year maturity to rebuild confidence, the president of the country's banking association said in an interview. "No one is thinki
Published 11 Mar, 2012 12:00am
Wall Street up on jobs data

Wall Street up on jobs data

US stocks advanced on Friday as investors brushed off the technical default by Greece and focused instead on another strong monthly jobs report. Trading was choppy in late afternoon trade after the International Swaps and Derivatives Association said Gree
Published 11 Mar, 2012 12:00am
Brazil real hits eight-week low as intervention eyed

Brazil real hits eight-week low as intervention eyed

Brazil's real slumped to an eight-week low on Friday on expectations of more big interest rate cuts and new intervention measures by authorities worried that a strong currency is crimping growth. The real slumped by the most this week since the beginning
Published 11 Mar, 2012 12:00am
Yen to weaken as money printing resumes in Japan

Yen to weaken as money printing resumes in Japan

An increase in the Bank of Japan's asset purchase programme and dimming prospects for more US money printing will weaken the Japanese yen and likely prevent it from returning to levels that have prompted intervention, a Reuters poll showed. With official
Published 11 Mar, 2012 12:00am
Myanmar to float currency in 2012-13, unify FX rates

Myanmar to float currency in 2012-13, unify FX rates

Myanmar will begin a managed float of its currency in the fiscal year from April and develop an interbank money market, according to central bank documents obtained by Reuters, ending a fixed-rate currency system that has stifled investment and fuelled a
Published 11 Mar, 2012 12:00am
Dollar jumps on jobs data, near 11-month high versus yen

Dollar jumps on jobs data, near 11-month high versus yen

The dollar soared on Friday, its best showing against major currencies this year, with strong jobs data suggesting the US economy was on the mend even as other economies struggle. The greenback neared an 11-month peak above 82 yen and was on track for a f
Published 11 Mar, 2012 12:00am
Canadian dollar advances versus greenback

Canadian dollar advances versus greenback

The Canadian dollar advanced against the safe-haven greenback on Friday as the market downplayed weak domestic employment numbers in favour of stronger-than-expected US jobs data that provided a further signal of recovery in Canada's biggest trading partn
Published 11 Mar, 2012 12:00am
Speculators raise dollar bets

Speculators raise dollar bets

Currency speculators in the latest week increased bets in favour of the US dollar and boosted bets against the yen, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $19
Published 11 Mar, 2012 12:00am
Polish zloty briefly hits seven-month high versus euro

Polish zloty briefly hits seven-month high versus euro

The Polish zloty briefly hit a 7-month high versus the euro on Friday propelled by upbeat US jobs data, but analysts worry that the rally that has seen the currency gain nearly 10 percent this year may be running out of steam. Hungary's forint also gained
Published 11 Mar, 2012 12:00am
Australian and New Zealand dollar seen holding gains in coming year

Australian and New Zealand dollar seen holding gains in coming year

The high-beta Australian and New Zealand dollars are expected to stay buoyant over the coming year thanks partly to their high yield status, despite lingering worries about global growth and Europe's sovereign debt problem. The Australian dollar is seen t
Published 11 Mar, 2012 12:00am
Over 100 dead in Somali fighting

Over 100 dead in Somali fighting

More than 100 people were feared dead amid heavy fighting Saturday between al-Shabaab insurgents and Somali government and Ethiopian army forces, following an assault on a military base in south-western Somalia, local media reported Saturday.The Somali we
Published 11 Mar, 2012 12:00am
Big Hungary rally calls for right-wing government ouster

Big Hungary rally calls for right-wing government ouster

Thousands of people protested outside Hungary's parliament on Saturday calling for the ouster of Prime Minister Viktor Orban and his centre-right government which they say has undermined democratic values and weakened the economy. "Today we must say decis
Published 11 Mar, 2012 12:00am
Air strikes kill 45 suspected Qaeda militants in Yemen

Air strikes kill 45 suspected Qaeda militants in Yemen

US drone attacks killed at least 25 al Qaeda-linked fighters including one of their leaders while a Yemeni air force raid killed 20 more in the south, sources said on Saturday, in the biggest airstrikes since Yemen's new president took office. Militants h
Published 11 Mar, 2012 12:00am
Romney claims victory in Guam, Northern Marianas

Romney claims victory in Guam, Northern Marianas

Republican presidential frontrunner Mitt Romney claimed victory in Saturday caucuses in Guam and Northern Mariana Islands, saying he secured support of all 18 delegates at stake in the US Pacific territories. "The people of Guam have always stood bravely
Published 11 Mar, 2012 12:00am
Four killed in raid in Xinjiang

Four killed in raid in Xinjiang

Chinese police have shot dead four people suspected of making bombs in the far western region of Xinjiang, which has been beset by ethnic strife and violent unrest, Radio Free Asia reported on Saturday. The pre-dawn raid on a farmhouse took place on Thurs
Published 11 Mar, 2012 12:00am
Protesters challenge Putin's victory

Protesters challenge Putin's victory

Thousands of Russians chanting "Time for change" challenged Vladimir Putin's presidential election victory on Saturday but their numbers were far fewer than in previous weeks. People who demonstrated in bright sunshine in central Moscow waved flags, ballo
Published 11 Mar, 2012 12:00am
Three dead in Kenya bus station bomb attack

Three dead in Kenya bus station bomb attack

A bomb attack at a bus station in Nairobi on Saturday killed at least three people and wounded more than 20 others, Kenya police said. A senior police official who did not want to be named told AFP it was believed several grenades had been thrown at the b
Published 11 Mar, 2012 12:00am
Nato airstrike kills three Afghans

Nato airstrike kills three Afghans

An airstrike by Nato-led forces in north-eastern Afghanistan killed three civilians and injured two others, a local police chief said on Saturday. The incident took place in the Tagab district of Kapisa Province on Friday evening when five residents sitti
Published 11 Mar, 2012 12:00am
Man charged over threatening letters sent to US Congress

Man charged over threatening letters sent to US Congress

A man was arrested and charged on Friday in connection with about 100 envelopes containing threatening letters and a suspicious powdery substance mailed from Oregon to members of Congress and the news media, authorities said. A federal grand jury returned
Published 11 Mar, 2012 12:00am
No military solution in Syria: EU ministers

No military solution in Syria: EU ministers

European Union foreign ministers Saturday rejected all recourse to a military solution in Syria while reiterating that President Bashar al-Assad must unilaterally call a halt to the killing. "Syria is not Libya," French Foreign Minister Alain Juppe said a
Published 11 Mar, 2012 12:00am
Registration for Egypt's presidential poll kicks off

Registration for Egypt's presidential poll kicks off

Egypt's presidential race kicked off on Saturday, with registration open for candidates to run the country after a popular uprising ousted veteran president Hosni Mubarak last year. Hopefuls must be endorsed by at least 30 members of parliament or 30,000
Published 11 Mar, 2012 12:00am
UN says 145 'presumed dead' in Afghan avalanche

UN says 145 'presumed dead' in Afghan avalanche

At least 145 people are missing and "presumed dead" after an avalanche hit a remote village in Afghanistan's north-eastern Badakhshan province last week, the United Nations said Saturday. Afghan officials had earlier in the day put the death toll from a s
Published 11 Mar, 2012 12:00am
Greek socialist leader steps down as snap election looms

Greek socialist leader steps down as snap election looms

Greek socialist leader George Papandreou on Saturday formally stepped down to let his struggling party elect a successor in time for a snap election expected next month. "The time has come for me to wage my battles from other ramparts," said Papandreou, w
Published 11 Mar, 2012 12:00am
Australian farmers to reduce wheat plantings, favour canola

Australian farmers to reduce wheat plantings, favour canola

Australian farmers will reduce wheat plantings in 2012/13 in response to lower global prices and shift to more lucrative canola and livestock production, a senior farm ministry official said on Tuesday.
Published 11 Mar, 2012 12:00am
US gold turns nearly one percent higher after jobs data

US gold turns nearly one percent higher after jobs data

Gold rose nearly 1 percent in heavy trading on Friday, reversing early sharp losses, lifted by higher crude oil and US equities' following an encouraging US job report. Bullion, which was flat for the week, initially tumbled in the face of a dollar rally
Published 11 Mar, 2012 12:00am
Sudan to launch $1 billion sugar plant, eyes exports from 2014

Sudan to launch $1 billion sugar plant, eyes exports from 2014

Sudan plans to increase sugar production by 450,000 tonnes annually with the help of a $1 billion plant, aiming to end dependency on imports and start exporting sugar by 2014, officials and executives said. The African country is trying to cut food import
Published 11 Mar, 2012 12:00am
Palm oil prices to shine in 2012; Indonesia export tax in focus

Palm oil prices to shine in 2012; Indonesia export tax in focus

Strong Asian demand chasing limited edible oil supply may boost palm oil prices that have gained six percent in February, reflecting the appeal of food commodities at a time of shaky global growth and rising geopolitical tension.
Published 11 Mar, 2012 12:00am
India crushes more than half of 2011/12 soyabean crop

India crushes more than half of 2011/12 soyabean crop

India has crushed more than half of its 2011/12 soyabean crop to meet aggressive export demand for soyameal and is likely to start the new marketing year in October with meagre carry forward stocks of beans, a senior industry official said. "Around 6.5 mi
Published 11 Mar, 2012 12:00am
India's refined palm oil imports to double

India's refined palm oil imports to double

India's refined palm oil imports could more than double in the year to October 31, 2012 and rise to 2.4 million tonnes as a result of an export tax change by leading producer Indonesia, a leading trader and edible oils industry expert said on Wednesday.
Published 11 Mar, 2012 12:00am
Commodities to diverge as monetary stimulus ends

Commodities to diverge as monetary stimulus ends

Commodities' price performances will increasingly diverge this year, with supply and demand fundamentals in each market exerting a stronger role, as economies start to recover and more than three years of monetary stimulus come to an end. The European Cen
Published 11 Mar, 2012 12:00am
Commodities falter as China slashes growth outlook

Commodities falter as China slashes growth outlook

Commodity markets faltered this week after an unexpected growth outlook downgrade from key consumer China, but sentiment was soothed by a successful Greek debt swap deal and upbeat US payrolls data. Monday's announcement by Premier Wen Jiabao at the openi
Published 11 Mar, 2012 12:00am
3.7 million to be vaccinated during polio drive in Khyber Pakhtunkhwa

3.7 million to be vaccinated during polio drive in Khyber Pakhtunkhwa

About 3.7 million children below the age of five years will be vaccinated during a three-day polio eradication campaign in 17 districts of Khyber Pakhtunkhwa. The drive was formally inaugurated by women Senator Farhat Abbas on Saturday during a ceremony h
Published 11 Mar, 2012 12:00am
IBA holds discussion on access to finance for women entrepreneurs

IBA holds discussion on access to finance for women entrepreneurs

The INSEAD Alumni Association of Pakistan and the Institute of Business Administration (IBA), Karachi, jointly arranged a roundtable discussion on 'Access to Finance for Women Entrepreneurs'. The moot was hosted by the International Finance Corporation (I
Published 11 Mar, 2012 12:00am
PVMA, EOCCA end strike to restore supply of edible oil

PVMA, EOCCA end strike to restore supply of edible oil

Pakistan Vanaspati Manufacturers Association (PVMA) and Edible Oil Carriage Contractors Association (EOCCA) after a meeting with Commissioner Karachi announced to end their prolonged strike which had completely halted the supply of edible oil from the por
Published 11 Mar, 2012 12:00am
SFD has no funds to compensate owners of cyclone-hit boats

SFD has no funds to compensate owners of cyclone-hit boats

The Sindh Fisheries Department (SFD) has no funds to compensate the owners of cyclone-stricken boats in the province; however, Karachi Fish Harbour Authority (KFHA) is modifying fishing vessels in line with the European Union's (EU) specifications, offici
Published 11 Mar, 2012 12:00am
77,216 children to be immunised against polio in SWA

77,216 children to be immunised against polio in SWA

As many as 77,216 children aged up to five years would be vaccinated against polio in South Waziristan Agency (SWA) under three-day campaign that is starting from March 12. An awareness-raising workshop presided over by Political Agent, South Waziristan,
Published 11 Mar, 2012 12:00am
Bank Islami earns profit of Rs 608.5 million

Bank Islami earns profit of Rs 608.5 million

Bank Islami Pakistan Limited delivered strong results by posting profit before tax of Rs 608.5 million for the year 2011 as against Rs 44.50 million in 2010. The Bank also recorded an increase of 32.4% in deposits which crossed Rs 50 billion. Asset base w
Published 11 Mar, 2012 12:00am
Bank Islami earns profit of Rs 608.5 million

Bank Islami earns profit of Rs 608.5 million

Bank Islami Pakistan Limited delivered strong results by posting profit before tax of Rs 608.5 million for the year 2011 as against Rs 44.50 million in 2010. The Bank also recorded an increase of 32.4% in deposits which crossed Rs 50 billion. Asset base w
Published 11 Mar, 2012 12:00am
300 mangroves planted near Jhari Creek

300 mangroves planted near Jhari Creek

Over 80 members of the Human Resources Development Network (HRDN), along with the officials of Sindh Forest Department planted 300 mangrove saplings on a mud flat in Jhari creek about 1.5 nautical miles from the Korangi Fish Harbour. This activity was par
Published 11 Mar, 2012 12:00am
France leather trade team due in September

France leather trade team due in September

Consul General of France, Christian Ramage has informed business community that a high powered leather sector trade delegation from France is scheduled to visit Pakistan in September. Addressing members of Pakistan Tanners Association (PTA), he said it wa
Published 11 Mar, 2012 12:00am
Father kills daughter

Father kills daughter

A man on Saturday claimed the life of his daughter in the limits of Sohrab Goth police station. According to police, the incident took place at Khadim Solangi Goth where Bacha Khan axed his daughter to death. The body of victim, who was identified as Saee
Published 11 Mar, 2012 12:00am
IFC invests $5 million in Matco

IFC invests $5 million in Matco

International Finance Corporation (IFC) has invested $5 million in Matco Rice Processing (Private) Limited to acquire 20 percent share holding in the Pakistan's largest basmati rice exporting company. "With the IFC investment, the company would enhance it
Published 11 Mar, 2012 12:00am
Shahbaz condoles death

Shahbaz condoles death

Muhammad Shahbaz Sharif here on Saturday has expressed deep sense of sorrow and grief over the sad demise of Major Aftab Ahmad Khan Daha (Retd), former Member National Assembly of Pakistan Muslim League-N. He has also expressed deep sense of sorrow and gr
Published 11 Mar, 2012 12:00am
AllWorld Pakistan 100 summit Concludes

AllWorld Pakistan 100 summit Concludes

Speakers at a two-day AllWorld Pakistan 100 summit said that the solution to Pakistan's economic challenges lies in the entrepreneurial talent of its own citizens and dynamic entrepreneurs represent a new bright future for Pakistan. They further said Paki
Published 11 Mar, 2012 12:00am
Four students hurt at Karachi University

Four students hurt at Karachi University

At least four students on Saturday sustained injures in a skirmish between two students' organisations at Karachi University. According to police, the activists of APMSO and Islami Jamiat Tulba (IJT) scuffled with each other that left some four persons in
Published 11 Mar, 2012 12:00am
The case of Waheeda Shah

The case of Waheeda Shah

After seeing the decision of the Election Commission of Pakistan on the basis of a majority, my sympathies for the first time were diverted to Waheeda Shah for the simple reason that the Commission has done justice to her perhaps in the style of Punjabi m
Published 11 Mar, 2012 12:00am
Exploiting natural gas resources

Exploiting natural gas resources

Long-term national energy security is imperative for sustainable economic growth. Natural gas, with its 49% share, is a vital element of the total energy requirements of Pakistan. Sadly, we are resorting to the import of gas from neighbouring countries at
Published 11 Mar, 2012 12:00am
New business code of ethics: Profit over patients

New business code of ethics: Profit over patients

In a country where regulatory law enforcement is so lax that high-potency antibiotics and injectables are sold over the counter without prescription, the shocking adverse drug reaction incident causing 150 deaths at Punjab Institute of Cardiology attribut
Published 11 Mar, 2012 12:00am
Balochistan distress

Balochistan distress

Assisting a three-member Supreme Court bench as amicus curiae during Wednesday's hearing on petitions against kidnappings for ransom and targeted killings, former chief justice of the Balochistan High Court Amirul Mulk Mengal painted a bleak picture of th
Published 11 Mar, 2012 12:00am
Iran nuclear talks

Iran nuclear talks

The resumption of the IAEA-led negotiations with Iran have considerably brightened the prospects of US-Iran stand-off. Over the last one week or so palpable progress has been noticed on the stalled negotiations, thanks to the realistic reappraisal of the
Published 11 Mar, 2012 12:00am
Ufone GSM sign up with CIMA as training partner

Ufone GSM sign up with CIMA as training partner

Ufone became the first telecommunication company in Pakistan to join the globally acclaimed CIMA Training partner programme an initiative of CIMA, The Chartered Institute of Management Accountants UK. CIMA country manager in Pakistan, Javaria Hassan, expl
Published 11 Mar, 2012 12:00am
Trade bodies compiling proposals for budget 2012-13

Trade bodies compiling proposals for budget 2012-13

Trader bodies including Karachi Chamber of Commerce and Industry (KCCI) has initiated compiling proposals for the budget 2012-13 to be submitted to Finance Ministry and Federal Board of Revenue (FBR) for its consideration and adaptation. The trade bodies
Published 11 Mar, 2012 12:00am
Trade bodies compiling proposals for budget 2012-13

Trade bodies compiling proposals for budget 2012-13

Trader bodies including Karachi Chamber of Commerce and Industry (KCCI) has initiated compiling proposals for the budget 2012-13 to be submitted to Finance Ministry and Federal Board of Revenue (FBR) for its consideration and adaptation. The trade bodies
Published 11 Mar, 2012 12:00am
Woman dies in road accident

Woman dies in road accident

A woman died and three others suffered injuries in road accident in the Western Bypass area on Saturday. Speedy truck hit a car, as a result, a woman died instantly while three other inmates received injuries, police said. The injured were moved to hospit
Published 11 Mar, 2012 12:00am
Kidnapped boy recovered; one held

Kidnapped boy recovered; one held

Sindh police on Saturday claimed to have arrested an alleged kidnapper and recovered a captive from his possession from Sadi Town area. According to police, the Gulshan Iqbal and Malir Cantt police have arrested an alleged kidnaper namely Abbas and recove
Published 11 Mar, 2012 12:00am
Miandad's mother passes away

Miandad's mother passes away

Khatoon Miandad, mother of former Pakistan Captain and Director General Pakistan Cricket Board (PCB) Javed Miandad, died at the age of 95 here on Saturday after protracted illness. "She suffered from leg fracture a few weeks ago and recently hospitalised
Published 11 Mar, 2012 12:00am
Textile industry to get incentives: Ikhtiar

Textile industry to get incentives: Ikhtiar

Pakistan has fixed an ambitious textile export target of $25 billion till 2014 in the five-year textile policy and the government is fully supporting the industry to achieve this target, said Dr Mirza Ikhtiar Baig, advisor to Prime Minister on Textile.
Published 11 Mar, 2012 12:00am
Free medical camp for kidney patients

Free medical camp for kidney patients

To mark the World Kidney Day, Shalamar Hospital Outpatient Department-I set up a free medical camp, here on Saturday. The patients were provided the facility of free diabetes tests, urine test, ultrasound and blood pressure. Awareness literature and free
Published 11 Mar, 2012 12:00am
Pollen allergy patients urged to adopt preventive measures

Pollen allergy patients urged to adopt preventive measures

Residents of Islamabad and Rawalpindi afflicted with pollen allergy have been asked to adopt extra preventive measures during the spring season when pollen count ranges highest in mid March in the twin cities. The number of allergy patients goes up in eve
Published 11 Mar, 2012 12:00am
Sindh possesses heritage of ancient civilisation: Qaim

Sindh possesses heritage of ancient civilisation: Qaim

The Sindh Chief Minister Syed Qaim Ali Shah said that Sindh possesses world ancient civilisation heritage and added that all resources available to government would be utilised not only to discover, promote but also to preserve the treasure of the ancient
Published 11 Mar, 2012 12:00am
Dengue virus surfaces again in Lahore

Dengue virus surfaces again in Lahore

With change in weather conditions, dengue virus has again surfaced, as a local private laboratory has tested positive one positive dengue case in Lahore. A 22-year Abdullah, resident of Johar Town Lahore, has been tested positive as dengue victim. His NS-
Published 11 Mar, 2012 12:00am
Samsung expanding network of 'Concept Shops'

Samsung expanding network of 'Concept Shops'

Samsung Electronics is expanding its network of 'Samsung Concept Shops' in numerous cities across Pakistan. A special inauguration ceremony will be held on March 12, at the new Concept Shop, established on the G.T. Road, Gujranwala. Samsung's Managing Dir
Published 11 Mar, 2012 12:00am
KSE invites bid for membership rights/seats

KSE invites bid for membership rights/seats

The Karachi Stock Exchange (KSE) has invited bids for the purchase of membership rights/seats of the KSE from the eligible individuals and corporate bodies, financial institutions/banks (local/foreign). According to a KSE notice, any offer, if accepted sh
Published 11 Mar, 2012 12:00am
Broadening tax base: Chairman FBR invites KCCI's proposals

Broadening tax base: Chairman FBR invites KCCI's proposals

Chairman Federal Board of Revenue (FBR), Mumtaz Haider Rizi has invited Karachi Chamber of Commerce and Industry's proposals to broaden the tax-base. Speaking at a meeting on Saturday with representatives of KCCI at Custom House, he further said that the
Published 11 Mar, 2012 12:00am
PML-N denies allegations levelled by Mehrangate scam's characters

PML-N denies allegations levelled by Mehrangate scam's characters

Leader of Pakistan Muslim League-N and Special Assistant to Chief Minister Punjab, Senator Pervaiz Rashid has said that there is no truth in the allegations levelled by the characters of Mehran Bank scam against President Pakistan Muslim League-N, Nawaz S
Published 11 Mar, 2012 12:00am
Jamaat-i-Islami demands speedy trial of major corruption cases

Jamaat-i-Islami demands speedy trial of major corruption cases

Ameer Jamaat-i-Islami (JI), Pakistan, Syed Munawar Hassan, has said that the present government has become a security risk for the security and solidarity of the country as it was promoting ethnic and racial biases and groups.
Published 11 Mar, 2012 12:00am
Punjab, Oman could extend economic cooperation: Shahbaz

Punjab, Oman could extend economic cooperation: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan and Oman has deep friendly ties and these relations will be further strengthened with the passage of time. He said that there are vast prospects of investment in industry, livestock, ene
Published 11 Mar, 2012 12:00am
SCCI challenges SRO 191 in PHC

SCCI challenges SRO 191 in PHC

Sarhad Chamber of Commerce and Industry (SCCI) has challenged SRO-191(1/2012) issued by the Federal Board of Revenue (FBR) in Peshawar High Court (PHC). Under the SRO-191, it would be mandatory for a buyer to give his national identity card number, nation
Published 11 Mar, 2012 12:00am
SCCI challenges SRO 191 in PHC

SCCI challenges SRO 191 in PHC

Sarhad Chamber of Commerce and Industry (SCCI) has challenged SRO-191(1/2012) issued by the Federal Board of Revenue (FBR) in Peshawar High Court (PHC). Under the SRO-191, it would be mandatory for a buyer to give his national identity card number, nation
Published 11 Mar, 2012 12:00am
Osama's widows may face trial under Foreigner Act

Osama's widows may face trial under Foreigner Act

The widows of al Qaeda founder Osama bin Laden were living illegally in Pakistan and under the law those who enter or live in the country without valid documents will not be deported directly but would face trial under Foreigner Act, said legal experts.
Published 11 Mar, 2012 12:00am
Security plan to be formulated

Security plan to be formulated

A fool proof security plan would be formulated for the district to ensure peace, said the newly posted Deputy Commissioner (DC) Shahbaz Tahir Nadeem on Saturday. Addressing a high profile meeting he praised the performance of the police department and exp
Published 11 Mar, 2012 12:00am
BFP criticises surcharge on petrol price

BFP criticises surcharge on petrol price

President Business Forum Punjab (BFP) Ibrahim Qureshi has criticised the government for unfairly taxing the common man Rs 60 to 100 billion per annum through an ad valorem surcharge on the price of petrol. Talking to media, President BFP said the Federal
Published 11 Mar, 2012 12:00am
PRGMEA lauds decision on SEZs, says Khokhar

PRGMEA lauds decision on SEZs, says Khokhar

Chief Co-ordinator and former chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz Khokhar hailed the approval of the bill for setting up Special Economic Zones (SEZs) by the Senate and termed it a right step in the r
Published 11 Mar, 2012 12:00am
JCP nominates six new LHC additional judges posts

JCP nominates six new LHC additional judges posts

Judicial Commission of Pakistan has nominated the names of six new additional judges for Lahore High Court (LHC). The commission has also recommended the names of Sheikh Ahmed Farooq and Jahangir Arshad for the appointment as judges of Federal Shariat Cou
Published 11 Mar, 2012 12:00am
PDWP approves six uplift schemes

PDWP approves six uplift schemes

The Provincial Development Working Party (PDWP) of the Planning & Development Department Punjab approved six uplift schemes of P&D, Communication and Livestock. Around Rs 2,845 million will be spent on these schemes. This was decided in the 31st meeting o
Published 11 Mar, 2012 12:00am
GCU organises All-Pakistan Technology and Art Festival 2012

GCU organises All-Pakistan Technology and Art Festival 2012

The Government College University (GCU) has organised the week-long All Pakistan Technology and Art Festival 2012 that was endeavoured to provide a platform to students from across Pakistan to exhibit their innovative ideas, share knowledge and reveal the
Published 11 Mar, 2012 12:00am
AAG Punjab sacked

AAG Punjab sacked

Punjab government has dismissed assistant advocate general (AAG) Punjab, Maqsood-ul-Hassan, from his service. The government has taken this step after his failure to present government stance in a bail matter of the factory owners, which was collapsed by
Published 11 Mar, 2012 12:00am
Certificate-distribution ceremony of GToT held

Certificate-distribution ceremony of GToT held

The Rural Support Programmes (RSPs), collectively the largest development network in Pakistan, gathered to share their experiences and discuss ways forward at their annual strategy retreat, held on the March 06 and 07 at Bhurban. As the apex body of the R
Published 11 Mar, 2012 12:00am
Pakistan needs to work towards improving its 'perception': Oman envoy

Pakistan needs to work towards improving its 'perception': Oman envoy

"Pakistan is a resource-rich country but it needs to focus on improving its perception in the outer world that is the biggest impediment in the way of foreign direct investment (FDI)." Ambassador of Oman Mohamed Said Mohamed Al-Lawati stated this while sp
Published 11 Mar, 2012 12:00am
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