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Print - 2012-05-19
Fishermen for legislation to abolish fishing ban

Fishermen for legislation to abolish fishing ban

Fishermen want the government to make legislation to abrogate the annual fishing ban of July on a permanent basis to protect their financial interest, which the ban damages every year. Talking to Business Recorder, President Bona Fide Fishermen and Boat O
Published 19 May, 2012 12:00am
Breach in Rohri Canal: Judicial inquiry demanded

Breach in Rohri Canal: Judicial inquiry demanded

Peoples Accountability Commission on Floods (PACF) has demanded judicial inquiry of the 'suspicious' breach in Rohri Canal affecting over 38,560 people, 25 villages including Bhalidino Kaka, Saeedabad and Zairpir of tehsil New Saeedabad District Matiyari.
Published 19 May, 2012 12:00am
Work on Mohan-Jo-Daro's potection in progress

Work on Mohan-Jo-Daro's potection in progress

The Project Director, Mohan-Jo-Daro, Abdul Haq Bhambhro has said that present government is taking keen interest to protect and preserve the archaeological sites and informed that a scheme for preservation and protection of Mohan-Jo-Daro has been approved
Published 19 May, 2012 12:00am
Construction work on modern terminal at Port Qasim begins

Construction work on modern terminal at Port Qasim begins

The foundation stone of the country's first mechanised coal, clinker and cement terminal at Port Qasim, on a thirty-year Build, Operate and Transfer (BOT) basis, was laid here on Friday by PQA Chairman Vice Admiral M Shafi (Retd). The PQA Chairman operate
Published 19 May, 2012 12:00am
Reply sought in Hajj quota case

Reply sought in Hajj quota case

The Lahore High Court on Friday sought reply from the Ministry of Religious Affairs by May 25, in a petition challenging allotment of Hajj quota without receiving applications from new and old private Hajj tour operators. The court has already restrained
Published 19 May, 2012 12:00am
Landlord held on court premises

Landlord held on court premises

Police arrested a landlord Hanif of Pakpattan, from the Lahore High Court premises after court cancelled his bail application who had criminally assault a girl. On Thursday, investigation officer presented a DNA report before the court, which proved the c
Published 19 May, 2012 12:00am
Taliban do not represent people of Fata: speakers

Taliban do not represent people of Fata: speakers

Taliban do not represent the people of Federally Administered Tribal Areas (Fata), they represent elements who want to wield their power to control the region by causing lawlessness in tribal areas and the rest of the country. This was crux of the seminar
Published 19 May, 2012 12:00am
Warraich optimistic about PPP's prospects in Punjab

Warraich optimistic about PPP's prospects in Punjab

Provincial President Pakistan People's Party (PPP) Imtiaz Safdar Warraich has said that that PPP will establish its government in Punjab after winning the next general elections. Only PPP will sweep in the election and claimed that after 35 years party wi
Published 19 May, 2012 12:00am
EOBI approves more facilities for employees

EOBI approves more facilities for employees

The Board of Trustees of EOBI has approved more facilities for their employees, in its 102nd meeting held at Karachi, according to a press release issued here on Friday. The Management has issued orders for implementation of decisions; according to which
Published 19 May, 2012 12:00am
Security arrangements for joint-sitting reviewed

Security arrangements for joint-sitting reviewed

Speaker of the National Assembly Dr Fehmida Mirza chaired a meeting to discuss security arrangements for the joint sitting of Parliament for the address of the Turkish Prime Minister to be held on May 21. The Secretary of the Ministry of Interior, CDA's c
Published 19 May, 2012 12:00am
NASC discusses Fata development programme

NASC discusses Fata development programme

A meeting of the National Assembly Standing Committee (NASC) on States and Frontier Regions held on Friday with Sajid Hussain Turi, MNA, in the chair at Secretariat Islamabad under following agenda: The Committee was briefed by the Secretary Planning & De
Published 19 May, 2012 12:00am
NAB summons former Senator, IG in property case

NAB summons former Senator, IG in property case

The National Accountability Bureau (NAB) on Friday summoned former Senator Ammar Khan and former IG Police Punjab Azhar Nadeem in the Qasr-e-Zauq property case in which the accused had cheated the public by grabbing poor people's property. Acording to a p
Published 19 May, 2012 12:00am
'e-Governance Ideas Hunt' receives good response

'e-Governance Ideas Hunt' receives good response

The e-Governance Ideas Hunt launched by the Punjab Information Technology Board (PITB) for soliciting ideas from the civil society for good governance has received a tremendous response. A large number of citizens sent proposals for capacity-building of g
Published 19 May, 2012 12:00am
EU trade concession package: PRGMEA chairman meets German CG

EU trade concession package: PRGMEA chairman meets German CG

Central Chairman Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), Shehzad Salim, held a meeting with Consul General of Germany, Dr Tilo Klinner regarding the proposed EU Trade Concession Package for Pakistan. In this meeting Dr
Published 19 May, 2012 12:00am
Mangoes reach market on May 20: Official

Mangoes reach market on May 20: Official

Mango production would start reaching market from May 20, an official of Agriculture department told Business Recorder here on Thursday. Sindh is known for its popular verities of mango. The mango season in the province will continue till June 20,
Published 19 May, 2012 12:00am
Private hospitals accused of fleecing patients

Private hospitals accused of fleecing patients

Several private hospitals in Karachi are fearlessly making bucks by fleecing patients through different hidden charges and unnecessary medical treatments. Although a number of cases of maltreatment that claimed many lives were reported in private hospital
Published 19 May, 2012 12:00am
Slow learners not special children: FRESH

Slow learners not special children: FRESH

Secretary-General Foundation for Rehabilitation & Education of Slow Children (FRESH) Ms Ashba Kamran said on Friday promoting slow learners as the deserving children is unfair and the Non-Government Organisations (NGOs) involved in it should be discourage
Published 19 May, 2012 12:00am
World Hepatitis Day today

World Hepatitis Day today

World Hepatitis Day will be observed on Saturday (May 19) across the globe including Pakistan with an aim to raise awareness about hepatitis B&C and encourage prevention, diagnosis and treatment. Approximately 170 million people world-wide have either Hep
Published 19 May, 2012 12:00am
Bank of Punjab case: Afzal shifted to hospital, Supreme Court told

Bank of Punjab case: Afzal shifted to hospital, Supreme Court told

The Supreme Court (SC) was informed on Friday that the Punjab government had shifted Bank of Punjab loan defaulter Sheikh Afzal to Services hospital Lahore from jail. The court issued directives to Superintendent Services Hospital to provide medical treat
Published 19 May, 2012 12:00am
Chehlum

Chehlum

Chehlum of former Justice Muhammad Ghani will be held on Sunday after Asar prayers at 11-E 'Saman Burg', Johar Town, Lahore, whereas dua will be offered after Maghrib prayers.
Published 19 May, 2012 12:00am
Faisalabad University plans to enhance postgraduate programmes

Faisalabad University plans to enhance postgraduate programmes

The University of Faisalabad (TUF) plans to enhance research and expand Postgraduate programmes and has taken more constructive steps to further enhance its existing research and postgraduate programmes. In this regard an orientation seminar was held at u
Published 19 May, 2012 12:00am
Anti-polio campaign from May 21

Anti-polio campaign from May 21

A three-day special anti-polio campaign would start in 48 highly sensitive union councils of the district from May 21. Deputy Director Program, EPI, Dr Jan Baz Afridi informed on Friday that around 0.5 million children up to five years of age in 48 sensit
Published 19 May, 2012 12:00am
Student attempts suicide over school expulsion

Student attempts suicide over school expulsion

A student, Muhammad Umer, 13-year old had tried to commit suicide by self-immolation after expelling from his school by the headmaster over short attendance. The suicide attempt left 80 percent of the Umer's body severely burnt, while his father suffered
Published 19 May, 2012 12:00am
Supplies to and from Fata, Pata: 10-12 percent sales tax rate likely

Supplies to and from Fata, Pata: 10-12 percent sales tax rate likely

The government is likely to introduce a lower rate of 10-12 percent sales tax on the supplies made to and from Federally Administered Tribal Areas (Fata) and Provincially Administered Tribal Areas (Pata) in the budget (2012-13). Sources told Business R
Published 19 May, 2012 12:00am
'Dialogue with India on all issues to make progress'

'Dialogue with India on all issues to make progress'

Pakistan's High Commissioner Shahid Malik said Friday that dialogue with India on all issues would make progress in the upcoming talks between home secretaries of the two neighbouring nations. "Pakistan is awaiting the home secretary-level talks. These ar
Published 19 May, 2012 12:00am
The Weather

The Weather

The weather report on Friday (May 18, 2012) and the forecast for Saturday (May 19, 2012).

Published 19 May, 2012 12:00am
Supreme Court storming case: Sharif brothers summoned by police

Supreme Court storming case: Sharif brothers summoned by police

The capital police have decided to reopen Supreme Court (SC) storming case of 1997 and issued notices to Pakistan Muslim League PML-N leaders Nawaz Sharif and Shahbaz Sharif to appear before Senior Superintendent of Police (SSP) Muhammad Malik Yousaf in t
Published 19 May, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 15, 2012.

Published 19 May, 2012 12:00am
LEAs capture 6,835 human traffickers in four years

LEAs capture 6,835 human traffickers in four years

Law Enforcement Agencies (LEAs) in the country have arrested more than 6,835 persons allegedly involved in human trafficking during the last four years. As per data, 1,642 smugglers or traffickers were arrested in 2008, 1,775 in 2009, 1,779 in 2010 and 1,
Published 19 May, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 15, 2012.

Published 19 May, 2012 12:00am
Professor Salahuddin condemns kidnapping of Dr Qureshi

Professor Salahuddin condemns kidnapping of Dr Qureshi

Principal Post Graduate Medical Institute and Lahore General Hospital Professor, Dr Tariq Salahuddin has strongly condemned the incident of kidnapping of Dr Aftab Qureshi, a neuro surgeon of Liaqat University of Medical, Jamshoro, Sindh. He has demanded P
Published 19 May, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 15, 2012.

Published 19 May, 2012 12:00am
Women parliamentarians attend CPA Trilateral Programme

Women parliamentarians attend CPA Trilateral Programme

A women parliamentary delegation from Pakistan led by Dr Nafisa Shah MNA participated in the Commonwealth Parliamentary Association Trilateral Programme in Westminster, London from May 14-18, 2012. The programme hosted by the UK branch of Commonwealth Par
Published 19 May, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 18, 2012).

Published 19 May, 2012 12:00am
Pollution in River Ravi: LHC seeks revised list of industries

Pollution in River Ravi: LHC seeks revised list of industries

The green bench of the Lahore High Court directed Environment Protection Department and Water and Sanitation Agency to submit revised list of all the industries causing water pollution in the River Ravi by June 1. Earlier Additional Secretary Environment
Published 19 May, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 19 May, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 19 May, 2012 12:00am
Hopes fading for swift US, Pakistan deal on Nato supply routes

Hopes fading for swift US, Pakistan deal on Nato supply routes

The Obama administration may be not be able to strike a long-awaited agreement with Pakistan to help supply Western soldiers in Afghanistan as hoped in time for a major Nato summit in Chicago this weekend, a US official said. "There's a distinct possibili
Published 19 May, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 18, 2012).

Published 19 May, 2012 12:00am
Minimum wage: Punjab asks industry to submit objections

Minimum wage: Punjab asks industry to submit objections

The Punjab government has invited objections and suggestions from 51 industrial and commercial sectors of the province on the increase in minimum wages from Rs 7,000 per month to Rs 9,000 (28.6 percent) with effect from May 1 this year for all categories
Published 19 May, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (May 18, 2012) and for Saturday (May 19, 2012).
Published 19 May, 2012 12:00am
'Medium-scale enterprises launched in Fata'

'Medium-scale enterprises launched in Fata'

The government is trying to provide opportunities to tribesmen through skill development, agriculture, livestock and medium-scale enterprise initiatives, Khyber-Pakhtunkhwa Governor Masood Kausar said on Friday. He was talking to the visiting Assistant St
Published 19 May, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 18, 2012).

Published 19 May, 2012 12:00am
German expert speaks about plight of labouring poor

German expert speaks about plight of labouring poor

Labouring poor in the informal sector of Pakistan and other South Asian countries are living under worst condition and there is no remedy and social security is being provided nor any relief is ever given to them. The issues related to labouring poor were
Published 19 May, 2012 12:00am
Two incidents of scuffle seen in LHC

Two incidents of scuffle seen in LHC

Due to poor security arrangements of Lahore High Court two incidents of scuffle between litigant parties appeared in the LHC premises here on Friday. Taking notice of such incidents, the LHC judges directed the police high ups time and again to ensure a s
Published 19 May, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (May 18, 2012).

Published 19 May, 2012 12:00am
Burki wheat procurement centre paid surprise visit

Burki wheat procurement centre paid surprise visit

Special Assistance to Chief Minister Punjab on Food, Muhammad Mansha Ullah Butt on Friday paid a surprise visit to wheat procurement centre Burki and found the process of procurement in accordance with the policy of the Food Department. He was informed th
Published 19 May, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 18, 2012).

Published 19 May, 2012 12:00am
PML-N rejects increase in power tariff

PML-N rejects increase in power tariff

Pakistan Muslim League-Nawaz (PML-N) on Friday rejected the increase in electricity tariff and termed it an anti-people move. PML-N leader Mohammad Pervez Malik said the PPP-led government was adding to miseries of the already inflation-hit people.
Published 19 May, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 18, 2012).

Published 19 May, 2012 12:00am
India considers wheat exports to Iran

India considers wheat exports to Iran

India is considering wheat exports to Iran, a government source said on Friday, as New Delhi hopes to boost exports to the sanctions-hit nation to help settle part of its oil imports bill through a bilateral mechanism. An Iranian trade delegation will com
Published 19 May, 2012 12:00am
India considers wheat exports to Iran

India considers wheat exports to Iran

India is considering wheat exports to Iran, a government source said on Friday, as New Delhi hopes to boost exports to the sanctions-hit nation to help settle part of its oil imports bill through a bilateral mechanism. An Iranian trade delegation will com
Published 19 May, 2012 12:00am
India considers wheat exports to Iran

India considers wheat exports to Iran

India is considering wheat exports to Iran, a government source said on Friday, as New Delhi hopes to boost exports to the sanctions-hit nation to help settle part of its oil imports bill through a bilateral mechanism. An Iranian trade delegation will com
Published 19 May, 2012 12:00am
THE RUPEE: dollar near 91 in interbank

THE RUPEE: dollar near 91 in interbank

Persisting demand for dollars, forced the rupee to close at the level of 91 in the interband market on Friday, experts said. The rupee could not hold over its domination against dollar, giving up nine paisa for buying at 90.93 and losing 10 paisa for sell
Published 19 May, 2012 12:00am
14 more gunned down in Karachi

14 more gunned down in Karachi

The killing spree in the city continued unabated on Friday, as fourteen more people including political activists fell prey to the targeted killings during last 24 hours, pushing the toll to 34 in three days. According to details, three men namely Imran,
Published 19 May, 2012 12:00am
THE RUPEE: dollar near 91 in interbank

THE RUPEE: dollar near 91 in interbank

Persisting demand for dollars, forced the rupee to close at the level of 91 in the interband market on Friday, experts said. The rupee could not hold over its domination against dollar, giving up nine paisa for buying at 90.93 and losing 10 paisa for sell
Published 19 May, 2012 12:00am
14 more gunned down in Karachi

14 more gunned down in Karachi

The killing spree in the city continued unabated on Friday, as fourteen more people including political activists fell prey to the targeted killings during last 24 hours, pushing the toll to 34 in three days. According to details, three men namely Imran,
Published 19 May, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (May 18, 2012).

Published 19 May, 2012 12:00am
Complete abolition of FED improbable

Complete abolition of FED improbable

The government has no intention to completely abolish federal excise duty (FED) on all excisable commodities/items in the budget (2012-13) whereas FED would be slashed on cement and beverages under the policy to gradually phase out the excise regime. Sour
Published 19 May, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (May 18, 2012).

Published 19 May, 2012 12:00am
Complete abolition of FED improbable

Complete abolition of FED improbable

The government has no intention to completely abolish federal excise duty (FED) on all excisable commodities/items in the budget (2012-13) whereas FED would be slashed on cement and beverages under the policy to gradually phase out the excise regime. Sour
Published 19 May, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (May 18, 2012).

Published 19 May, 2012 12:00am
Complete abolition of FED improbable

Complete abolition of FED improbable

The government has no intention to completely abolish federal excise duty (FED) on all excisable commodities/items in the budget (2012-13) whereas FED would be slashed on cement and beverages under the policy to gradually phase out the excise regime. Sour
Published 19 May, 2012 12:00am
Raisani opposes creation of new provinces

Raisani opposes creation of new provinces

Balochistan Chief Minister Nawab Aslam Raisani on Friday opposed the creation of new provinces in the country. "Balochistan is facing financial problems for the construction of Gwadar roads but Islamabad don't not take any care. How many provinces will be
Published 19 May, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 18, 2012).

Published 19 May, 2012 12:00am
Raisani opposes creation of new provinces

Raisani opposes creation of new provinces

Balochistan Chief Minister Nawab Aslam Raisani on Friday opposed the creation of new provinces in the country. "Balochistan is facing financial problems for the construction of Gwadar roads but Islamabad don't not take any care. How many provinces will be
Published 19 May, 2012 12:00am
Citi Pakistan honoured

Citi Pakistan honoured

Citi has been declared the Largest Foreign Exchange Bank in Pakistan, in terms of market share for the year 2012 by Euromoney. The surveyed clients gave Citi 48 percent market share. This is the third consecutive year since 2010 that Citi Pakistan has won
Published 19 May, 2012 12:00am
Citi Pakistan honoured

Citi Pakistan honoured

Citi has been declared the Largest Foreign Exchange Bank in Pakistan, in terms of market share for the year 2012 by Euromoney. The surveyed clients gave Citi 48 percent market share. This is the third consecutive year since 2010 that Citi Pakistan has won
Published 19 May, 2012 12:00am
Citi Pakistan honoured

Citi Pakistan honoured

Citi has been declared the Largest Foreign Exchange Bank in Pakistan, in terms of market share for the year 2012 by Euromoney. The surveyed clients gave Citi 48 percent market share. This is the third consecutive year since 2010 that Citi Pakistan has won
Published 19 May, 2012 12:00am
SHC asks Sindh government to hold LB polls in 90 days

SHC asks Sindh government to hold LB polls in 90 days

A division bench of Sindh High Court (SHC) Friday ordered Sindh government to hold local bodies elections in the province within 90 days. The order came in a constitutional petition filed by former District Nazim Sukkur, Syed Nasir Hussain Shah seeking th
Published 19 May, 2012 12:00am
SHC asks Sindh government to hold LB polls in 90 days

SHC asks Sindh government to hold LB polls in 90 days

A division bench of Sindh High Court (SHC) Friday ordered Sindh government to hold local bodies elections in the province within 90 days. The order came in a constitutional petition filed by former District Nazim Sukkur, Syed Nasir Hussain Shah seeking th
Published 19 May, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 May, 2012 12:00am
Kharif sowing: water supply to Punjab, Sindh reduced

Kharif sowing: water supply to Punjab, Sindh reduced

The agriculture sector suffered a major blow as water shortage for sowing of the strategic Kharif crops including life-line of Pakistan''s economy, cotton, rose to 38 percent. Consequently, the Indus River System Authority (Irsa) further reduced irrigatio
Published 19 May, 2012 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 19 May, 2012 12:00am
Kharif sowing: water supply to Punjab, Sindh reduced

Kharif sowing: water supply to Punjab, Sindh reduced

The agriculture sector suffered a major blow as water shortage for sowing of the strategic Kharif crops including life-line of Pakistan's economy, cotton, rose to 38 percent. Consequently, the Indus River System Authority (Irsa) further reduced irrigation
Published 19 May, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 May, 2012 12:00am
Kharif sowing: water supply to Punjab, Sindh reduced

Kharif sowing: water supply to Punjab, Sindh reduced

The agriculture sector suffered a major blow as water shortage for sowing of the strategic Kharif crops including life-line of Pakistan's economy, cotton, rose to 38 percent. Consequently, the Indus River System Authority (Irsa) further reduced irrigation
Published 19 May, 2012 12:00am
US lawmakers approve use of force as Iran option

US lawmakers approve use of force as Iran option

The Republican-led House of Representatives approved Friday the use of US force against Iran if the Tehran regime threatens the United States and its allies with nuclear weapons. According to a section of the National Defence Authorisation Act, "it shall
Published 19 May, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 May, 2012 12:00am
US lawmakers approve use of force as Iran option

US lawmakers approve use of force as Iran option

The Republican-led House of Representatives approved Friday the use of US force against Iran if the Tehran regime threatens the United States and its allies with nuclear weapons. According to a section of the National Defence Authorisation Act, "it shall
Published 19 May, 2012 12:00am