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Nov 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-06-14
Treasuries extend losses

Treasuries extend losses

US Treasuries prices fell on Tuesday as investors prepared for new sales of longer-dated Treasuries on Wednesday and Thursday, with losses accelerating after a three-year note auction saw relatively weak demand and priced at a concession. The Treasury on
Published 14 Jun, 2012 12:00am
Treasuries extend losses

Treasuries extend losses

US Treasuries prices fell on Tuesday as investors prepared for new sales of longer-dated Treasuries on Wednesday and Thursday, with losses accelerating after a three-year note auction saw relatively weak demand and priced at a concession. The Treasury on
Published 14 Jun, 2012 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose 0.2 percent on Wednesday, with HTC gaining on media reports that Chairman Cher Wang would continue to buy the company's shares in the market to show her confidence in the smartphone maker's outlook. The main TAIEX index climbed 16.75 po
Published 14 Jun, 2012 12:00am
Hong Kong and China shares end higher; Esprit slumps

Hong Kong and China shares end higher; Esprit slumps

Hong Kong and China stocks closed higher on Wednesday in light trading with Chinese insurers leading gains although a slump in shares of European retailer Esprit limited the benchmark's move higher. The Hang Seng index ended t he day up 0.8 percent while
Published 14 Jun, 2012 12:00am
European shares plunge

European shares plunge

European shares fell in choppy trade on Wednesday as corporate and economic data offered new evidence the European crisis was taking its toll on global growth, leading investors to position for further volatility. Shares in the world's largest bearings ma
Published 14 Jun, 2012 12:00am
Southeast Asian markets: Thai stocks dip, others mixed

Southeast Asian markets: Thai stocks dip, others mixed

Most Southeast Asian stock indexes fell on Thursday as escalating eurozone worries kept investors on the sidelines ahead of a crucial election in Greece over the weekend with Thailand and Singapore leading the declines. Thailand's benchmark SET index ende
Published 14 Jun, 2012 12:00am
Australian shares slip

Australian shares slip

Australian shares slipped 0.2 percent on Wednesday, unable to sustain brief gains as critical weekend elections in Greece loom, although coal producer Whitehaven rose 4.5 percent after a buyout approach. Top banks ended lower, with ANZ Banking Group falli
Published 14 Jun, 2012 12:00am
Gold miners' gains help FTSE close higher

Gold miners' gains help FTSE close higher

Britain's benchmark share index closed higher on Wednesday as gains in heavyweight gold-mining companies enabled the market to outperform rival European bourses, which fell on persistent worries over the Greek and Spanish debt crises. The bluechip FTSE 10
Published 14 Jun, 2012 12:00am
Sterling dips versus euro

Sterling dips versus euro

Sterling dipped against the euro on Wednesday as safe haven flows into the UK currency eased, and looked vulnerable against the dollar as investors awaited the outcome of Greek elections on the weekend. The common currency edged up 0.3 percent against the
Published 14 Jun, 2012 12:00am
Euro edges lower in Asia

Euro edges lower in Asia

The euro edged lower on Wednesday, tethered to a familiar range with investors sticking to the sidelines ahead of an Italian bond sale the next day and a weekend vote in Greece that could determine the future of the euro zone. The single currency took a b
Published 14 Jun, 2012 12:00am
Euro edges up in London

Euro edges up in London

The euro edged up against the dollar on Wednesday as investors trimmed hefty bearish positions, but worries about debt turmoil in Spain and nerves ahead of elections in Greece kept the common currency under pressure. Concerns were growing that Spain's pro
Published 14 Jun, 2012 12:00am
Early trade in New York: Euro rallies versus dollar

Early trade in New York: Euro rallies versus dollar

The euro rose against the dollar for a second straight session on Wednesday as investors pared hefty bearish positions, a trend that could prove temporary given concerns about Spain and Italy's rising debt yields and uncertainty ahead of Sunday's Greek el
Published 14 Jun, 2012 12:00am
Euro springs back

Euro springs back

The euro drifted higher against the dollar on Tuesday after three days of losses as risk aversion eased somewhat on gains in stocks and commodities while investors cashed in bearish bets on the single currency ahead of Sunday's Greek election. The euro's
Published 14 Jun, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 81.75-81.95 (previous 81.93-81.95). Call Money Rates: 9.50-15.00 percent (previous 9.25-15.00 percent.
Published 14 Jun, 2012 12:00am
Australian, New Zealand dollar make gains

Australian, New Zealand dollar make gains

The Australian dollar spent Wednesday consolidating offshore gains that saw it touch a three-month peak on the euro, though broader progress was capped by stiff chart resistance and uncertainty over Europe. The Aussie was holding at $0.9946, having kept t
Published 14 Jun, 2012 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee rose on Wednesday, snapping a three-day losing streak, as a steadier euro helped, but traders remained cautious ahead of key global events and the Reserve Bank of India's policy meeting next week. The rupee has been in a consolidation pha
Published 14 Jun, 2012 12:00am
Most Asian currencies rise

Most Asian currencies rise

Most Asian currencies rose on Wednesday but near-term gains may be limited by worries about Spain's surging borrowing costs and fears that weekend elections in Greece could lead to more market turmoil. Spanish 10-year bond yields hit their highest in the
Published 14 Jun, 2012 12:00am
Swiss franc little changed

Swiss franc little changed

The Swiss franc was little changed against both the dollar and euro on Wednesday as investors stayed on the sidelines ahead of an Italian bond sale on Thursday and a weekend vote in Greece that could determine the single currency's fate. The single curren
Published 14 Jun, 2012 12:00am
Yuan little changed

Yuan little changed

The yuan was little changed on Wednesday with uncertainty about the eurozone debt crisis keeping the market on hold. Relatively small changes in the central bank's daily fixings over the last week, despite the spot rate trading 0.6-0.8 percent weaker, sug
Published 14 Jun, 2012 12:00am
London 2012 ready 'on time and under budget'

London 2012 ready 'on time and under budget'

The London 2012 Olympics and Paralympics are on track to be delivered under their £9.3 billion budget, with £476 million left in contingency funds, the British government said Wednesday. A budget of £9.298 billion ($14.5 billion, 11.5 billion euros) was s
Published 14 Jun, 2012 12:00am
Strauss says rest plan will bloom against Proteas

Strauss says rest plan will bloom against Proteas

England captain Andrew Strauss has predicted the team will see the benefits of their controversial rotation policy when they put their number one Test ranking on the line against South Africa. Strike bowlers James Anderson and Stuart Broad were rested fro
Published 14 Jun, 2012 12:00am
Murray, Roddick crash out at Queen's

Murray, Roddick crash out at Queen's

Andy Murray's reign as Queen's champion came to an abrupt end as the world number four suffered a shock 6-3, 6-7 (4/7), 7-6 (7/1) defeat to France's Nicolas Mahut, while four-time winner Andy Roddick also bowed out in the second round on Wednesday.
Published 14 Jun, 2012 12:00am
South Africa name unchanged squad for England series

South Africa name unchanged squad for England series

South Africa have kept faith with a winning formula by naming an unchanged squad for the three-test series in England starting next month, Cricket South Africa (CSA) announced on Wednesday. The 15-man squad is identical to the touring side that beat New Z
Published 14 Jun, 2012 12:00am
Police recover watch stolen from Nadal

Police recover watch stolen from Nadal

Paris police have recovered a 300,000-euro ($375,000) watch stolen from Rafael Nadal at the hotel where he stayed during the French Open and arrested a hotel employee, a police source said Wednesday. The source said police tracked down the alleged thief,
Published 14 Jun, 2012 12:00am
AFC appoints Khurram as FIFA referee

AFC appoints Khurram as FIFA referee

Asian Football Confederation (AFC) has appointed Khurram Shahzad as FIFA referee to officiate the AFC U-22 Championship 2013 Qualifiers-Group D being held at Kathmandu, Nepal from 16th June to 24th June. A spokesman of Pakistan Football Federation (PFF) s
Published 14 Jun, 2012 12:00am
Pakistan-Sri Lanka ODI abandoned due to rain

Pakistan-Sri Lanka ODI abandoned due to rain

The third One-day international between Sri Lanka and Pakistan was abandoned due to rain in Colombo on Wednesday. Pakistan were 12-2 off 6.2 overs after electing to bat when play was called off, with Asad Shafiq unbeaten on five and skipper Misbah-ul-Haq
Published 14 Jun, 2012 12:00am
Controversial Millar in British Olympic squad

Controversial Millar in British Olympic squad

David Millar, who served a two-year suspension from 2004 to 2006 after admitting to taking the banned blood booster EPO, was included in the Great Britain cycling squad announced Wednesday for the London 2012 Olympics. Millar was included in an eight-man
Published 14 Jun, 2012 12:00am
Referee rows hit Asian World Cup games

Referee rows hit Asian World Cup games

Australia coach Holger Osieck voiced disbelief at a "very, very dubious" sending-off as the spotlight again fell on refereeing standards in Asia's World Cup qualifiers. Osieck was scathing about Saudi official Khalil Al Ghamdi's dismissal of Mark Milligan
Published 14 Jun, 2012 12:00am
Poles frustrate Russians, Czechs bounce back

Poles frustrate Russians, Czechs bounce back

Russia's hopes of becoming the first side to make it into the Euro 2012 quarter-finals were dashed on Tuesday as co-hosts Poland fought back to draw 1-1 in their Group A clash. With Czech Republic keeping their hopes alive with a 2-1 win over Greece, gain
Published 14 Jun, 2012 12:00am
Russia fined, facing tough sanction over fans

Russia fined, facing tough sanction over fans

Russia was on Wednesday facing a potential six-point deduction from its next European championship qualifying campaign, after UEFA imposed a suspended punishment for the behaviour of the country's fans at Euro 2012. European football's governing body slap
Published 14 Jun, 2012 12:00am
China jails football chief for bribery

China jails football chief for bribery

China's former football chief was Wednesday jailed for over 10 years for bribery while four players were given shorter prison terms, state media said, after a sweeping crackdown on corruption in the game. A court in the northeastern Liaoning province sent
Published 14 Jun, 2012 12:00am
Hollande rocked by feisty French first lady's tweet

Hollande rocked by feisty French first lady's tweet

A tweet by France's first lady in support of an election rival of President Francois Hollande's ex-partner has triggered a politically damaging media row just days from a decisive round of parliamentary elections. The tweet made public a private rivalry b
Published 14 Jun, 2012 12:00am
Violent clashes at Bangladesh garment workers' protests

Violent clashes at Bangladesh garment workers' protests

Scores of protesters and police officers were injured on Wednesday as at least 50,000 Bangladeshi garment workers staged violent demonstrations to demand a wage rise. Police chiefs said tear gas and rubber bullets were used to disperse workers who poured
Published 14 Jun, 2012 12:00am
France wants UN to be able to enforce Annan plan

France wants UN to be able to enforce Annan plan

France will propose giving the United Nations the power to enforce Kofi Annan's Syrian peace plan, Foreign Minister Laurent Fabius said on Wednesday, adding that a no-fly zone was an option under consideration to stem what was now a civil war.
Published 14 Jun, 2012 12:00am
Gandhi letters held by friend to go under the hammer

Gandhi letters held by friend to go under the hammer

A collection of thousands of letters, papers and photos relating to Indian independence icon Mahatma Gandhi will go on auction in Britain next month, auction house Sotheby's said Wednesday. The archive belonged to Gandhi's close friend Hermann Kallenbach,
Published 14 Jun, 2012 12:00am
Watchdog criticises Israeli Prime Minister over flotilla raid

Watchdog criticises Israeli Prime Minister over flotilla raid

Israel's state watchdog criticised Prime Minister Benjamin Netanyahu on Wednesday over his handling of a 2010 raid on a Gaza-bound flotilla that left nine Turks dead and ties with Ankara in shreds. In a 153-page report, State Comptroller Micha Lindenstrau
Published 14 Jun, 2012 12:00am
China navy to stage drill in western Pacific

China navy to stage drill in western Pacific

China will conduct an annual naval training drill in the western Pacific, state media reported on Wednesday, amid concerns among Beijing's neighbours about its military ambitions. The exercise is "not aimed at any specific country or target", the defence
Published 14 Jun, 2012 12:00am
Nato chief vows not to abandon Afghanistan

Nato chief vows not to abandon Afghanistan

Nato chief Anders Fogh Rasmussen Wednesday vowed not to abandon Afghanistan as foreign nations plan to transition forces out of the country after a decade of conflict. "We will not abandon Afghanistan, we will not leave behind a security vacuum," he told
Published 14 Jun, 2012 12:00am
Successful launch for NASA's 'black hole hunter' telescope

Successful launch for NASA's 'black hole hunter' telescope

A sophisticated orbiting telescope that uses high-energy X-ray vision to hunt for black holes in the universe launched on Wednesday after a two-stage aircraft-to-rocket takeoff, NASA said. The Nuclear Spectroscopic Telescope Array (NuSTAR) was lifted into
Published 14 Jun, 2012 12:00am
Solar plane takes off in Morocco on hardest flight yet

Solar plane takes off in Morocco on hardest flight yet

The solar-powered plane that last week made the world's first inter-continental flight by such an aircraft took off Wednesday on its toughest challenge yet - flying in Morocco's desert climate. Swiss pilot Andre Borschberg steered the Solar Impulse into t
Published 14 Jun, 2012 12:00am
Cameron let down by coalition partners over embattled minister

Cameron let down by coalition partners over embattled minister

The political fall-out from Britain's long-running phone-hacking scandal laid bare growing tensions within the Conservative-Liberal coalition government of Prime Minister David Cameron Wednesday. In a rare move, the Liberal Democrats, led by Deputy Prime
Published 14 Jun, 2012 12:00am
US executes two convicted murderers

US executes two convicted murderers

Two men have been executed by lethal injection, one in Mississippi and the other in Idaho, bringing to 21 the number of prisoners put to death in the United States this year, authorities said Wednesday. Richard Leavitt, 53, who was sentenced to death for
Published 14 Jun, 2012 12:00am
Sierra Nevada sues US over Afghan plane deal

Sierra Nevada sues US over Afghan plane deal

Privately held US defence contractor Sierra Nevada Corp on Tuesday said it had filed a lawsuit in federal court against the US Air Force to win back a $355 million contract to supply 20 planes to Afghanistan that was abruptly cancelled in February.
Published 14 Jun, 2012 12:00am
Afghan drug trafficker linked to Taliban jailed

Afghan drug trafficker linked to Taliban jailed

A US judge sentenced an Afghan man to life in prison Tuesday for trafficking heroin to more than 20 countries and using the proceeds to fund and arm the Taliban. Haji Bagcho was convicted in March after a probe found he led a large-scale drug production a
Published 14 Jun, 2012 12:00am
Obama's global approval rating falls, but world wants re-election

Obama's global approval rating falls, but world wants re-election

The global enthusiasm for US President Barack Obama has fallen "significantly" since he took office in 2009, but in many countries there is still strong support for his re-election in November, according to a poll released Wednesday by the US Pew Research
Published 14 Jun, 2012 12:00am
New York cotton ends mixed

New York cotton ends mixed

Benchmark cotton futures rose on Wednesday, brushing aside negative USDA supply/demand news of a day earlier and returning to the mechanics of rollover period that hit July futures and bolstered the December contract by the close. Nearly 11,000 switches w
Published 14 Jun, 2012 12:00am
Shanghai copper up

Shanghai copper up

The most-active September copper contract on the Shanghai Futures Exchange gained 0.6 percent to 54,070 yuan ($8,500) a tonne on Wednesday, after losing more than 1 percent in the previous session. A Qingdao-based trader said she sees signs of a small pic
Published 14 Jun, 2012 12:00am
Copper slips

Copper slips

Copper dipped on Wednesday, reversing earlier gains, after a US retail sales report reinforced views the world's top economy is slowing and added to fears of worsening euro zone debt and upcoming elections in Greece. Three-month copper on the London Metal
Published 14 Jun, 2012 12:00am
London Brent flat, US crude down

London Brent flat, US crude down

Brent crude oil futures closed near flat and US crude fell about 1 percent in choppy trading on Wednesday as weak US economic data and worries about the euro zone's finances outweighed a drawdown in US crude inventories. Markets are awaiting a policy meet
Published 14 Jun, 2012 12:00am
Tokyo rubber futures rise

Tokyo rubber futures rise

Tokyo rubber futures ended 1.5 percent higher on Wednesday as Asian shares edged higher, but lingering worries over Europe curbed buying after a 2-1/2 year low hit earlier this week. Risk appetite has been curbed by a lack of detail in a loan agreement to
Published 14 Jun, 2012 12:00am
Palm oil down

Palm oil down

Malaysian palm oil futures closed lower on Wednesday, as concerns that the euro zone debt crisis could slow growth offset ddemand chasing tighter stocks Uncertainty over Europe's debt crisis comes as investors focus on the Greek elections on June 17 that
Published 14 Jun, 2012 12:00am
Corn drops

Corn drops

US corn fell more than 1 percent on Tuesday, its biggest slide in two weeks, in reaction to forecasters predicting more rain in the Midwest grain belt and to the US government keeping corn stocks unchanged. Traders had expected a reduction in stocks. Rain
Published 14 Jun, 2012 12:00am
Coffee stays at two-year low, cocoa climbs

Coffee stays at two-year low, cocoa climbs

Arabica coffee futures on ICE closed at a two-year low on Wednesday in choppy dealings as the eurozone debt crisis remained in focus ahead of a Greek election this weekend, while cocoa and robusta coffee turned higher. Sugar futures on ICE fell, causing J
Published 14 Jun, 2012 12:00am
Gold soars in New York

Gold soars in New York

Gold rose for a third consecutive session on Tuesday as physical bullion buying and the accumulation of bullish bets linked to uncertainty over the eurozone debt crisis helped the metal recover from early losses. Spot gold rose 0.6 percent to $1,605.10 an
Published 14 Jun, 2012 12:00am
Gold rises in Asia

Gold rises in Asia

Gold perched above $1,600 an ounce on Wednesday, retaining most of its gains from the previous session as prices were supported by persistent worries over Spain's surging borrowing costs. Spot gold was little changed at $1,610.71 an ounce by 0639 GMT, aft
Published 14 Jun, 2012 12:00am
Gold sees late surge in European trade

Gold sees late surge in European trade

Gold prices rose towards $1,625 an ounce on Wednesday, its highest in the week to date, as weaker than expected US retail sales data knocked the dollar, keeping market confidence intact after bullion's move above $1,600 in the previous session. Spot gold
Published 14 Jun, 2012 12:00am
US MIDDAY: new-crop corn falls

US MIDDAY: new-crop corn falls

New-crop December corn fell more than 1 percent to a one-week low on Wednesday on forecasts for increased rain in the Midwest, which eased concerns about the heat-stressed crop as it heads into its critical pollination stage. US soyabean futures fell 2 pe
Published 14 Jun, 2012 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper prices rose slightly in light, directionless trade on Wednesday, boosted by a stronger euro after an early slide due to weak US retail sales data that fed fears about demand in the world's largest economy. In New York, the COMEX July contract settl
Published 14 Jun, 2012 12:00am
US MIDDAY: gold moves up

US MIDDAY: gold moves up

Gold edged higher on Wednesday on safe-haven bids due to uncertainties in Europe ahead of a key election in Greece, but the metal's repeated failures to break above major chart resistance could trigger technical selling. Bullion initially rose toward $1,6
Published 14 Jun, 2012 12:00am
Poverty-hit people deprived of medicine in many government hospitals

Poverty-hit people deprived of medicine in many government hospitals

The poverty hit people are deprived of medicine in many government hospitals as contractors have stopped supply to many hospitals for non-payment of dues by the government. The disruption of supply, which could create serious problems at hospitals, was ma
Published 14 Jun, 2012 12:00am
Arbab reviews progress on M-4 project

Arbab reviews progress on M-4 project

Federal Minister for Communications Dr Arbab Alamgir Khan has urged the NHA officials to utilise all possible resources to ensure timely completion of Faisalabad-Multan Motorway (M-4). He asked the officials to maintain active co-ordination with the Chine
Published 14 Jun, 2012 12:00am
Meraj Khalid remembered

Meraj Khalid remembered

Former caretaker Prime Minister Malik Meraj Khalid remembered on his death anniversary on Wednesday). Malik Meraj Khalid was born in 1916 in a small village near Lahore. He studied Law and began his practice in 1948. He was elected to the Provincial Assem
Published 14 Jun, 2012 12:00am
ANF arrests three, recovers huge quantity of narcotics

ANF arrests three, recovers huge quantity of narcotics

Anti Narcotics Force (ANF) on Wednesday claimed to have arrested three persons and recovered huge quantity of narcotics from them. According to the statement issued here on Wednesday, the ANF had received information that a group of narcotics smugglers ar
Published 14 Jun, 2012 12:00am
Value-added textile sector opposes gas cess imposition

Value-added textile sector opposes gas cess imposition

Value-added textile sector on Wednesday opposed the government's move to impose the gas infrastructure development cess of Rs 100 per MMBTU on industries in the finance bill 2012-13, saying it would badly hit the manufacturing sector. Addressing a joint p
Published 14 Jun, 2012 12:00am
Thermal microbiology workshop held at KU

Thermal microbiology workshop held at KU

"Canned foods are the most prominently used packed food all over the world. However, there are certain points which should be kept in mind while storage of the canned food.
Published 14 Jun, 2012 12:00am
At least four persons killed in violent incidents

At least four persons killed in violent incidents

At least four persons were killed in separate incidents of violence at various parts of the metropolis here on Wednesday. According to the police and rescue sources, a 35-year-old Noor Khan, son of Malang Khan, was gunned down in the limits of Orangi Town
Published 14 Jun, 2012 12:00am
Punjab government to provide 'flour package' in Ramazan

Punjab government to provide 'flour package' in Ramazan

Special Assistant to the Chief Minister Punjab on Food Muhammad Mansha Ullah Butt has claimed that the provincial government will provide a very economical 'flour package' to the masses during the sacred month of Ramazan. He was speaking to a delegation o
Published 14 Jun, 2012 12:00am
Range Rover 'Evoque' launched

Range Rover 'Evoque' launched

The British Deputy High Commissioner and Director for UK Trade and Investment for Pakistan, Francis Campbell, along with the CEO of Sigma Motors, Colonel Syed Zafar Uddin Ahmad (Retd), hosted the launch of Ranger Rover `Evoque' at the British Deputy High
Published 14 Jun, 2012 12:00am
Office attendance thin

Office attendance thin

The attendance in government offices remained thin in the wake of the traders' strike call, as public and private transport remained off the roads during the day. The strike was observed on the call of traders in reaction against the killings of a trader
Published 14 Jun, 2012 12:00am
21 fishermen, boat rescued

21 fishermen, boat rescued

Maritime Security Agency (MSA) on Wednesday rescued a scuttled fishing boat near Charna Island some 25 nautical miles off Karachi coast, fisheries officials told Business Recorder. "The boat captain sent an SOS to Karachi Fish Harbour Authority for
Published 14 Jun, 2012 12:00am
Oath administered: Sharjeel new Sindh information minister

Oath administered: Sharjeel new Sindh information minister

Sharjeel Inam Memon took oath as Sindh Minister for Information here on Wednesday, while his predecessor Shazia Marri would continue as minister for Power. Sindh Governor Dr Ishrat-ul-Ebad Khan administered the oath to Sharjeel Memon during a ceremony hel
Published 14 Jun, 2012 12:00am
Post-harvest losses in fruits, vegetables discussed

Post-harvest losses in fruits, vegetables discussed

Post-harvest losses in fruits and vegetables are 35 to 40 per cent in Pakistan including 5-8 per cent at the time of harvesting, 15-20 per cent during the management of harvested crop, five per cent during storage and 10-12 per cent at the time of transpo
Published 14 Jun, 2012 12:00am
Begum Raana's 22nd death anniversary observed

Begum Raana's 22nd death anniversary observed

The 22nd death anniversary of Begum Raana Liaquat Ali Khan, the founder president of All Pakistan Women's Association was observed on June 13. An APWA spokesperson said here on Tuesday that Begum Raana, the wife of the Pakistan's first Prime Minister, dev
Published 14 Jun, 2012 12:00am
PDMA to hand over houses to flood-hit families

PDMA to hand over houses to flood-hit families

The Provincial Disaster Management Authority (PDMA) would complete the process of handing over houses in model villages to flood victims by the end of this year. Director General Provincial Disaster Management Authority, Mujahid Sherdil said on Wednesday
Published 14 Jun, 2012 12:00am
Teams of Chinese investors meet top PIBT officials

Teams of Chinese investors meet top PIBT officials

A delegation of Pak-China Investment Company Limited (PCICL) on Wednesday met with top officials of the Punjab Board of Investment and Trade (PBIT) and discussed prospects of investment in the province. The team, led by the company's Managing Director, Ca
Published 14 Jun, 2012 12:00am
Preparations ahead of monsoon

Preparations ahead of monsoon

DCO Nasim Sadiq had directed the concerned departments to complete all necessary arrangements required to tackle any emergency situation during monsoon season. Presiding over a meeting to review the monsoon plan of various departments, he said that it is
Published 14 Jun, 2012 12:00am
LCCI to prepare SOPs for sales tax registration

LCCI to prepare SOPs for sales tax registration

The Lahore Chamber of Commerce and Industry will prepare Standard Operating Procedures (SOPs) for sales tax registration of manufacturers and traders and forward them to the FBR for approval and implementation. The understanding reached during a meeting o
Published 14 Jun, 2012 12:00am
FCCI concerned over disconnection of power supply

FCCI concerned over disconnection of power supply

Faisalabad Chamber of Commerce and Industry (FCCI) has expressed concern over the discontinuation of electricity supply from Small Power Plants and Captive Power Plants (SPP/CPP) of Faisalabad to industrial and commercial consumers. Nepra should allow the
Published 14 Jun, 2012 12:00am
Istanbul, Lahore chambers join hands to boost bilateral trade

Istanbul, Lahore chambers join hands to boost bilateral trade

The Lahore Chamber of Commerce and Industry (LCCI) and Istanbul Chamber of Commerce and Industry (ICCI) have decided to establish a mechanism for exchange of trade related information that is the biggest hurdle to enhanced bilateral trade. According to th
Published 14 Jun, 2012 12:00am
AWB team visits SCCI

AWB team visits SCCI

A World Bank team visited Sialkot Chamber of Commerce and Industry (SCCI) to discuss on "Doing Business Reforms Programme" with the stakeholders. Naeem suggested that World Bank should extend maximum cooperation for the construction of new dams by allocat
Published 14 Jun, 2012 12:00am
Demonstration held in favour of CJP

Demonstration held in favour of CJP

Pakistan Tehrik-i-Insaf (PTI) and United Citizen Alliance (UCA) organised a demonstration at Chowk Vehari to express solidarity with Chief Justice of Pakistan they also burnt the effigy of Riaz Malik, which had made an abortive attempt to malign the judic
Published 14 Jun, 2012 12:00am
'Arsalan case is big news'

'Arsalan case is big news'

Former president of Supreme Court Bar Association Asma Jahangir has said that corruption by a businessman in Pakistan does not make any news but corruption by son of Chief Justice Pakistan (CJP) is a breaking news. Talking to media persons here on Wednesd
Published 14 Jun, 2012 12:00am
Prevailing crisis: LHCBA, LBA convene meetings today

Prevailing crisis: LHCBA, LBA convene meetings today

The Lahore High Court Bar Association (LHCBA) has decided to seek guidelines from its members regarding prevailing 'crisis' being faced by the judiciary. The LHCBA has convened meeting of its general house on Thursday (today) to discuss the bribe scam. Me
Published 14 Jun, 2012 12:00am
First consignment of CFLs within 12 weeks: Pepco

First consignment of CFLs within 12 weeks: Pepco

Taking unprecedented initiative to bridge supply and demand gap by implementing energy conservation policy during the ongoing energy crisis in the country, Pakistan Electric Power Company (Pepco) carried out supply contract of 20 million Compact Fluoresce
Published 14 Jun, 2012 12:00am
Import of solar PV panels: REAP welcomes government decision

Import of solar PV panels: REAP welcomes government decision

The Renewable & Alternative Energy Association of Pakistan (REAP) has appreciated government for allowing import of solar PV panels and components on zero duty basis separately or altogether as one consignment. The REAP Chapter Council met with Eng. Faiz
Published 14 Jun, 2012 12:00am
Seminar on 'energy crisis and its solutions' held

Seminar on 'energy crisis and its solutions' held

Punjab University Centre for Coal Technology (CCT) conducted a Seminar on "Energy Crisis and its Solutions". Director CCT Professor Dr Shahid Munir, former Deputy Managing Director SNGPL Nadeem Shahryar, Additional Secretary Energy Department Khalid Awais
Published 14 Jun, 2012 12:00am
PLDDB launches Pakistan's first online dairy farming guide

PLDDB launches Pakistan's first online dairy farming guide

Punjab Livestock and Dairy Development Board (PLDDB) launched Pakistan's first online dairy farming guide. Dairy farming guide www.pakdairyinfo.com was launched by the PLDDB Chief Executive Officer (CEO) Major General Muhammad Ali Khan (r), says a spokesm
Published 14 Jun, 2012 12:00am
ECP to enlist 86,000 new voters

ECP to enlist 86,000 new voters

Election Commission of Punjab (ECP) has decided to include 86,000 new voters in the electoral lists of Lahore who have been issued CNIC by NADRA recently. ECP sources told Business Recorder here on Wednesday that the ECP was to conclude the verific
Published 14 Jun, 2012 12:00am
Speakers call for measures to curb child labour

Speakers call for measures to curb child labour

Speakers here in a seminar on child labour urged the government for taking measures to curb the menace of child labour from the country and province. The seminar was organised under the auspices of Provincial Child Labour Unit (PCLU) of the Directorate of
Published 14 Jun, 2012 12:00am
Petitioner seeks proceedings against Riaz

Petitioner seeks proceedings against Riaz

A bar member Mushtaq Ahmed Mohal has approached the Lahore High Court against Malik Riaz for initiation of contempt of court proceedings. The petitioner contended that respondent Malik Riaz just to blackmail and scandalise the judiciary held a press confe
Published 14 Jun, 2012 12:00am
Danish foreign minister meets President

Danish foreign minister meets President

Danish Foreign Minister Villy Sovndal called on President Asif Ali Zardari here on Wednesday and discussed bilateral relations, enhancing trade and economic interaction, war against militants and overall regional situation. He was accompanied by Ambassado
Published 14 Jun, 2012 12:00am
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