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Print - 2012-05-22
Petitioner seeks funds for Thar Coal project

Petitioner seeks funds for Thar Coal project

A bar member has approached the Lahore High Court seeking allocation of funds for the Thar Coal project in the next budget. The petitioner, Maqsood Gujjat stated that the country was facing energy crisis, which has badly affected the economic activities.
Published 22 May, 2012 12:00am
Appointment of woman principal in FJMC demanded

Appointment of woman principal in FJMC demanded

Association of Fatima Jinnah Old Graduates (AFJOG), Faculty and Teaching Staff of the Fatima Jinnah Medical College have demanded of the Punjab government to appoint the senior most female professor doctor, as Principal FJMC, after retirement of the incum
Published 22 May, 2012 12:00am
LCCI president for construction of Kalabagh Dam

LCCI president for construction of Kalabagh Dam

Former Chief Minister Khyber Pakhtunkhwa, Engr. Shamsul Mulk has said the country is suffering a loss of Rs 132 billion annually and this amount can be saved by initiating construction of Kalabagh Dam while there is no threat to Nowshera city which is 150
Published 22 May, 2012 12:00am
PPP ready for LB elections: Khyber Pakhtunkhwa minister

PPP ready for LB elections: Khyber Pakhtunkhwa minister

The Khyber Pakhtunkhwa Minister for Labour, Sher Azam Wazir said on Monday that Pakistan People's Party (PPP) is ready for Local Bodies elections and will achieve overwhelming majority as a result of its record performance in office. Talking to reporters
Published 22 May, 2012 12:00am
Action against Sheesha cafes: LHC adjourns petition against government

Action against Sheesha cafes: LHC adjourns petition against government

The Lahore High Court while adjourning a petition against the government for taking action against Sheesha cafes to July 11, directed the petitioners' counsel and the law officer to come up with arguments on a point whether "law pertaining to prohibition
Published 22 May, 2012 12:00am
PML-N seeks JUP support for 'movement' against Gilani

PML-N seeks JUP support for 'movement' against Gilani

Pakistan Muslim League-Nawaz (PML-N) has sought co-operation of Jamiat Ulema-e-Pakistan (Noorani group) for its current movement launched against Syed Yousuf Raza Gilani after his conviction by the apex court. A delegation of JUP (Noorani group) met PML-N
Published 22 May, 2012 12:00am
Kidnapping of doctors condemned

Kidnapping of doctors condemned

Doctors of public sector facilities on Monday staged a token boycott for one hour at all government hospitals in protest against the kidnapping of three doctors. The call was given by Pakistan Medical Association Sindh, Peoples Doctors Forum Karachi, Sind
Published 22 May, 2012 12:00am
TDAP meets UAE ambassador

TDAP meets UAE ambassador

Trade Development Authority of Pakistan's Chief Executive Tariq Puri assured full support to UAE for promoting bilateral trade between the two countries. He was talking to Essa Abdulla Al Basha Al-Noaimi, UAE Ambassador to Pakistan, who called on Puri in
Published 22 May, 2012 12:00am
Release of foreign prisoners: LHC seeks reply from interior ministry

Release of foreign prisoners: LHC seeks reply from interior ministry

The Lahore High Court on Monday sought a reply from ministry of interior by June 20 about non-implementation of an order with regard to release of those foreign prisoners who had completed their jail terms. The court issued this order on a contempt of cou
Published 22 May, 2012 12:00am
Sindh budget to be reflection of government's performance: minister

Sindh budget to be reflection of government's performance: minister

Efforts are underway not to impose any new tax in the Sindh budget for fiscal year 2012-13, said Sindh Minister for Finance Syed Murad Ali Shah here on Monday. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Sindh Budget, the m
Published 22 May, 2012 12:00am
Sindh University to set up FM radio station

Sindh University to set up FM radio station

The University of Sindh will set up its FM Radio at department of Mass Communication to promote educational and academic programmes and train its graduates studying at the department. In this connection, a meeting was convened by Acting Vice Chancellor Pr
Published 22 May, 2012 12:00am
One killed, five injured in cylinder bast

One killed, five injured in cylinder bast

A man was killed while seven others sustained injuries when a gas cylinder exploded in the limits of Awami Colony police station on Monday. According to police and rescue sources, at around 11:05am, a gas cylinder exploded in a factory 'Sultan Gas Cylinde
Published 22 May, 2012 12:00am
Measures to control measles directed

Measures to control measles directed

The concerned officials of the Federal government have been directed to take necessary measures to control measles in the country. According to official sources, the government will also ensure support to the provincial governments for control of measles
Published 22 May, 2012 12:00am
International moot on culture to be held in India

International moot on culture to be held in India

World Punjabi Congress (WPC) and International Sufi Council (ISC), Chairman, Fakhar Zaman has returned from India after finalising the dates of International Conference on Culture in Patiala University September 7 to 10, 2012. WPC has finalised a list of
Published 22 May, 2012 12:00am
Prime Minister directs minister to invite Imam-e-Ka'aba to Pakistan

Prime Minister directs minister to invite Imam-e-Ka'aba to Pakistan

Prime Minister Syed Yousuf Raza Gilani has directed the Minister for Religious Affairs to extend an invitation to Sheikh Abdul Rahman Ibn Aziz Al-Sudis, Imam and Khateeb of Masjid Al-Haram, Makkah Al-Mukarramah to visit Pakistan along with a delegation of
Published 22 May, 2012 12:00am
TCP finalises deal for import of 100,000 metric tons of urea

TCP finalises deal for import of 100,000 metric tons of urea

Trading Corporation of Pakistan (TCP) has finalised deal for the import of 100,000 metric tons of urea for local consumption. According to details in response to TCP's international tender, floated on April 18, 2012, for the import of 300,000 metric tons
Published 22 May, 2012 12:00am
SECP asks Modaraba companies to open more branches

SECP asks Modaraba companies to open more branches

Registrar Modaraba, SECP has asked Modaraba companies to expand their outreach and open their branches in towns and villages to cater requirements of the small businessmen and farmers. Speaking at the launching of the Year Book 2011 of NBFI and Modaraba A
Published 22 May, 2012 12:00am
4000kg of hashish recovered

4000kg of hashish recovered

Anti Narcotics Force (ANF) Sindh and Special Investigation Unit (SIU) of Sindh Police on Monday claimed to have recovered over 4000 kilograms of hashish from the hidden cavity of a truck during joint operation. According to official sources, the joint rai
Published 22 May, 2012 12:00am
Wapda-GIK Post Graduate Engineering, Financial Management Course ends

Wapda-GIK Post Graduate Engineering, Financial Management Course ends

The first Post Graduate Certificate Course in Engineering and Financial Management, jointly organised by the Pakistan Water and Power Development Authority (Wapda) and Ghulam Ishaq Khan (GIK) Institute of Engineering Sciences and Technology, concluded at
Published 22 May, 2012 12:00am
Mango prices to be quite high

Mango prices to be quite high

Prices of mango may be high in domestic market as compared to the last year due to a high cost of inputs and a recent wind and hailstorm. According to Multan Mango Growers Association President Major Tariq, the windstorm on Thursday evening had damaged ov
Published 22 May, 2012 12:00am
Iraqi envoy invites Pakistani industrialists to make investment

Iraqi envoy invites Pakistani industrialists to make investment

Iraq has invited Pakistani industrialists to participate in its re-building by making investments and entering into business ventures as ground situation in the country is normal and investor friendly. "Business community needs to benefit from investment
Published 22 May, 2012 12:00am
Commercial power consumers may be required to obtain NTNs

Commercial power consumers may be required to obtain NTNs

The Federal Board of Revenue is likely to propose to the Ministry of Finance to make it mandatory for the commercial consumers of electricity to obtain National Tax Numbers (NTNs) for carrying out their business activities in budget (2012-13).
Published 22 May, 2012 12:00am
'Punjab government working hard to achieve 88 percent literacy by 2015'

'Punjab government working hard to achieve 88 percent literacy by 2015'

Punjab Education Minister, Mian Mujtaba Shuja-ur-Rehman said on Monday the provincial government is working hard to achieve 88 percent literacy by 2015 to fulfil the international commitment under millennium development goals. In a statement he said 262,5
Published 22 May, 2012 12:00am
Fish, meat exports increase

Fish, meat exports increase

The exports of fish and meat increased by 10.62 percent and 16 percent during the 10 months of the current fiscal year as compared to the same period of last year. Exports of fish and fish preparations during July-April (2011-12) were recorded at US $259.
Published 22 May, 2012 12:00am
NCHD workers accused of scuffling with police: four held

NCHD workers accused of scuffling with police: four held

At least four workers of National Commission for Human Development (NCHD) were arrested when they along with several other workers tried to enter red zone in the limits of Artillery Maidan police station on Monday. According to details, the workers of NCH
Published 22 May, 2012 12:00am
Exposure to cadmium increases risk of breast cancer

Exposure to cadmium increases risk of breast cancer

Low level exposure to cadmium, a common food pollutant may significantly increase the risk of developing cancer among women, new Swedish study warns. The heavy and toxic metal is widely used in batteries, pigments and metal plating and is also by-product
Published 22 May, 2012 12:00am
The Weather

The Weather

The weather report on Monday (May 21, 2012) and the forecast for Tuesday (May 22, 2012).

Published 22 May, 2012 12:00am
Five killed in separate incidents

Five killed in separate incidents

At least five persons were killed in separate incidents in various parts of the metropolis here on Monday. According to police and rescue sources, a bullet-riddled body of a youth was found from Shah Waliullah road in the limits of Baghdadi police station
Published 22 May, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 22 May, 2012 12:00am
'18th Amendment enhances provinces' resources'

'18th Amendment enhances provinces' resources'

The central leader of PPP, Senator Ahmed Hassan said on Monday that resources of the provinces have significantly been enhanced under the landmark 18th Amendment that will bring very positive changes in the life style of masses. Addressing party workers a
Published 22 May, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 22 May, 2012 12:00am
Compensation claims: experts question reasons behind rejection

Compensation claims: experts question reasons behind rejection

Tax experts have raised legal questions about the reasons for rejection of compensation claims for delay in issuance of income tax refund by declaring such claims as time-barred by tax officers. Tax experts told Business Recorder here on Monday tha
Published 22 May, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
6.8 million families declared eligible through PSS

6.8 million families declared eligible through PSS

More than 6.8 million families have been declared eligible through Poverty Scorecard Survey (PSS) under Benazir Income Support Programme (BISP), said an official source on Monday. He said the remaining three million will start receiving BISP benefits afte
Published 22 May, 2012 12:00am
PTI condemns Punjab government over lodging FIR against its members

PTI condemns Punjab government over lodging FIR against its members

Pakistan Tahrik-e-Insaaf (PTI) on Monday has condemned the Punjab government's action of lodging a FIR against 40 members of PTI, including central leaders Omar Sarfaraz Cheema, Asif Bashir and Rukhsana Naveed in Factory Area Police Station. PTI Central I
Published 22 May, 2012 12:00am
Dr Qadeer meets ailing children

Dr Qadeer meets ailing children

The renowned nuclear scientist Dr Abdul Qadeer Khan met Make-A-Wish Foundation Pakistan children, suffering from life-threatening illnesses and spent some time with them during his visit to Karachi Make-A-Wish Pakistan had arranged the meeting of the famo
Published 22 May, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
Bid to smuggle foreign currency foiled

Bid to smuggle foreign currency foiled

Pakistan Customs on Monday foiled a bid to smuggle foreign currency through a Pakistan International Airline (PIA) flight to Dubai, a private TV channel reported. According to the channel, a PIA flight was about to leave for Dubai when Pakistan Customs, o
Published 22 May, 2012 12:00am
LHC moved to restrain Prime Minister from transfer, posting of officials

LHC moved to restrain Prime Minister from transfer, posting of officials

A lawyer has approached the Lahore High Court (LHC) with the prayer to restrain Prime Minister Syed Yousuf Raza Gilani from posting, appointing or transferring of any officers. The petitioner, Shahansha Shamil Paracha Advocate, has also prayed to the cour
Published 22 May, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
Hajj corruption case: no evidence found against Kazmi

Hajj corruption case: no evidence found against Kazmi

The Federal Investigation Agency (FIA) on Monday completed its investigation in Hajj corruption case while a comprehensive report will be submitted in the Court of Special Judge Central Khalid Shabbir here on May 23.
Published 22 May, 2012 12:00am
Pemra sets up bodies to redress public complaints

Pemra sets up bodies to redress public complaints

The Pakistan Electronic Media Regulatory Authority (Pemra) has established independent bodies namely Councils of Complaints at federal and provincial capitals to redress public complaints regarding programmes telecast by television channels.
Published 22 May, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
PNS Mehran attack: three Navy officers convicted

PNS Mehran attack: three Navy officers convicted

Pakistan Navy convicted its three serving officers for negligence regarding the security measures which ultimately led to PNS Mehran base attack, Aaj News reported.
Published 22 May, 2012 12:00am
NLC case: NAB summons accused Saeedur Rehman

NLC case: NAB summons accused Saeedur Rehman

National Accountability Bureau (NAB) summoned Saeedur Rehman accused in NLC case and recorded his statement. The investigation is in the process to collect relevant record and evidence in the said case to proceed ahead. Meanwhile, the Adjutant General has
Published 22 May, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
Erdogan grieved over avalanche, plane crash tragedies

Erdogan grieved over avalanche, plane crash tragedies

Turkish Prime Minister Recep Tayyip Erdogan on Monday expressed grief and sorrow over avalanche tragedy at Gayari sector on Pakistani side of Siachin glacier. He also expressed sympathies with the families of the officers and jawans who were buried alive
Published 22 May, 2012 12:00am
Shahtaj Textile Mills Limited

Shahtaj Textile Mills Limited

A Shahnawaz Group Company, Shahtaj Textile Limited was incorporated in 1990 and is listed on the Karachi and Lahore Stock Exchanges. Its production facilities are situated in the hub of Textile Industries near Lahore. The mills went into commercial produc
Published 22 May, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
Shahtaj Textile Mills Limited

Shahtaj Textile Mills Limited

A Shahnawaz Group Company, Shahtaj Textile Limited was incorporated in 1990 and is listed on the Karachi and Lahore Stock Exchanges. Its production facilities are situated in the hub of Textile Industries near Lahore. The mills went into commercial produc
Published 22 May, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
BRIndex30 drops 12.49 points

BRIndex30 drops 12.49 points

On Monday, BRIndex30 opened at 10,124.07. It touched an intraday high of 10,186.52 and an intraday low of 10,098.79 and closed at 10,111.58 which was -12.49 points or -0.12 percent lower than previous close. Total volume was 56,965,005, which was 69.94 pe
Published 22 May, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
BRIndex30 drops 12.49 points

BRIndex30 drops 12.49 points

On Monday, BRIndex30 opened at 10,124.07. It touched an intraday high of 10,186.52 and an intraday low of 10,098.79 and closed at 10,111.58 which was -12.49 points or -0.12 percent lower than previous close. Total volume was 56,965,005, which was 69.94 pe
Published 22 May, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
Index gains 17.96 points

Index gains 17.96 points

The Karachi share market on Monday witnessed a positive trend throughout the session on the back of investors'' interest in some index heavyweight stocks. After positive opening, the KSE-100 index hit 13,943.36 points intra-day high. However, profit takin
Published 22 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 Monday (May 21, 2012).

Published 22 May, 2012 12:00am
Index gains 17.96 points

Index gains 17.96 points

The Karachi share market on Monday witnessed a positive trend throughout the session on the back of investors' interest in some index heavyweight stocks. After positive opening, the KSE-100 index hit 13,943.36 points intra-day high. However, profit taking
Published 22 May, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 11th May, 2012.

Published 22 May, 2012 12:00am
Index gains 17.96 points

Index gains 17.96 points

The Karachi share market on Monday witnessed a positive trend throughout the session on the back of investors' interest in some index heavyweight stocks. After positive opening, the KSE-100 index hit 13,943.36 points intra-day high. However, profit taking
Published 22 May, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 11th May, 2012.

Published 22 May, 2012 12:00am
Discos asked to meet collection target

Discos asked to meet collection target

Federal Minister for Water and Power Syed Naveed Qamar has directed the power distribution companies to achieve recovery target of Rs 54 billion, set for the current month, improve their efficiency and minimise line losses. He said this while presiding ov
Published 22 May, 2012 12:00am
Discos asked to meet collection target

Discos asked to meet collection target

Federal Minister for Water and Power Syed Naveed Qamar has directed the power distribution companies to achieve recovery target of Rs 54 billion, set for the current month, improve their efficiency and minimise line losses. He said this while presiding ov
Published 22 May, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
Discos asked to meet collection target

Discos asked to meet collection target

Federal Minister for Water and Power Syed Naveed Qamar has directed the power distribution companies to achieve recovery target of Rs 54 billion, set for the current month, improve their efficiency and minimise line losses. He said this while presiding ov
Published 22 May, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
Documentation measures: certain sectors under FTR to be brought into MTR

Documentation measures: certain sectors under FTR to be brought into MTR

The Federal Board of Revenue has proposed some new documentation measures in budget (2012-13) ie, to bring some sectors including commercial importers operating under the Final Tax Regime (FTR) into the Minimum Tax Regime (MTR), deduction of 16 percent sa
Published 22 May, 2012 12:00am
Documentation measures: certain sectors under FTR to be brought into MTR

Documentation measures: certain sectors under FTR to be brought into MTR

The Federal Board of Revenue has proposed some new documentation measures in budget (2012-13) ie, to bring some sectors including commercial importers operating under the Final Tax Regime (FTR) into the Minimum Tax Regime (MTR), deduction of 16 percent sa
Published 22 May, 2012 12:00am
Documentation measures: certain sectors under FTR to be brought into MTR

Documentation measures: certain sectors under FTR to be brought into MTR

The Federal Board of Revenue has proposed some new documentation measures in budget (2012-13) ie, to bring some sectors including commercial importers operating under the Final Tax Regime (FTR) into the Minimum Tax Regime (MTR), deduction of 16 percent sa
Published 22 May, 2012 12:00am
THE RUPEE: dollar at nearly five-month high

THE RUPEE: dollar at nearly five-month high

As a result of strong demand for dollars the US currency hit nearly five-month high at 91.30 in the interbank market on Monday, experts said.0 There were major payments due during the final quarter of the current fiscal year, this was the major factor beh
Published 22 May, 2012 12:00am
Nato signals end of Afghan war in sight - for the West

Nato signals end of Afghan war in sight - for the West

Nato leaders sealed a landmark agreement on Monday to hand control of Afghanistan over to its own security forces by the middle of next year, putting the Western alliance on an "irreversible" path out of an unpopular, decade-long war.
Published 22 May, 2012 12:00am
THE RUPEE: dollar at nearly five-month high

THE RUPEE: dollar at nearly five-month high

As a result of strong demand for dollars the US currency hit nearly five-month high at 91.30 in the interbank market on Monday, experts said.0 There were major payments due during the final quarter of the current fiscal year, this was the major factor beh
Published 22 May, 2012 12:00am
Nato signals end of Afghan war in sight - for the West

Nato signals end of Afghan war in sight - for the West

Nato leaders sealed a landmark agreement on Monday to hand control of Afghanistan over to its own security forces by the middle of next year, putting the Western alliance on an "irreversible" path out of an unpopular, decade-long war.
Published 22 May, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (May 21, 2012).

Published 22 May, 2012 12:00am
Nato supply route: US, Pakistan making progress, says Obama

Nato supply route: US, Pakistan making progress, says Obama

President Barack Obama said Monday that the United States and Pakistan were making "diligent progress" on reopening a vital Nato supply line into Afghanistan, shut down for six months by Islamabad. "We didn't anticipate that the supply line issue was goin
Published 22 May, 2012 12:00am
Nato supply route: US, Pakistan making progress, says Obama

Nato supply route: US, Pakistan making progress, says Obama

President Barack Obama said Monday that the United States and Pakistan were making "diligent progress" on reopening a vital Nato supply line into Afghanistan, shut down for six months by Islamabad. "We didn't anticipate that the supply line issue was goin
Published 22 May, 2012 12:00am
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