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Print - 2012-06-30
Pesco revises loadshedding schedule

Pesco revises loadshedding schedule

Peshawar Electricity Supply Company (Pesco) on Friday issued renewed schedule of loadshedding for urban and rural areas of Khyber Pakhtunkhwa. The company said that due to decrease in power generation and allotted loadshedding quota of 1,085MW, it has rev
Published 30 Jun, 2012 12:00am
FBR asked to set up separate classification directorate

FBR asked to set up separate classification directorate

The Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle has recommended to the Federal Board of Revenue (FBR) to establish a separate Classification Directorate on the pattern of Valuation Directorate to make the classification rulings more effective, m
Published 30 Jun, 2012 12:00am
Elahi criticises Shahbaz for Punjab 'unrest'

Elahi criticises Shahbaz for Punjab 'unrest'

Pakistan Muslim League-Q senior leader and Deputy Prime Minister Chaudhry Pervez Elahi said that Punjab government under the leadership of Shahbaz Sharif has failed to shoulder the responsibilities and deliver the matters which fall in its domain.
Published 30 Jun, 2012 12:00am
Hajj corruption case: FIA told to submit progress report

Hajj corruption case: FIA told to submit progress report

The Supreme Court on Friday sought a detailed report from the Director-General of the Federal Investigation Agency (FIA) pertaining to the progress in the Hajj corruption case after the transfer of Hussain Asghar - the lead investigation officer.
Published 30 Jun, 2012 12:00am
Digitising land record: Supreme Court gives three months to provinces

Digitising land record: Supreme Court gives three months to provinces

While resuming the hearing of a suo motu case on corruption in provincial land revenue departments, the Supreme Court granted three months to all provinces to computerise the land revenue record. A three-member bench of Chief Justice Iftikhar Muhammad Cha
Published 30 Jun, 2012 12:00am
PML-N launches public service programme

PML-N launches public service programme

The PML-N is implementing its public service programme by solving people's problems through open katcheries, Punjab Minister for Agriculture Malik Ahmad Ali said on Friday. He was expressing these views while talking to journalists in the open katchery he
Published 30 Jun, 2012 12:00am
'Maximum complaints filed for elementary, secondary education'

'Maximum complaints filed for elementary, secondary education'

The report of Khyber Pakhtunkhwa Ombudsman revealed that a maximum number of complaints are filed against the Elementary and Secondary education. As many as 74 complaints with of percentage of 14 were registered against the elementary and secondary educat
Published 30 Jun, 2012 12:00am
Bhasha Dam to be completed in 10 years: Arbab

Bhasha Dam to be completed in 10 years: Arbab

Federal Minister for Communications, Dr Arbab Alamgir Khan Khalil, said that the government has launched the Bhasha Dam Project that will be completed in ten years to overcome power shortage; however, the government is making efforts to overcome load shed
Published 30 Jun, 2012 12:00am
Need to raise awareness about causes of cancer: Kausar

Need to raise awareness about causes of cancer: Kausar

Governor, Khyber Pakhtunkhwa, Barrister Masood Kausar while appreciating the contribution of Cancer Patients Welfare Society engaged in supplementing the treatment facilities under the aegis of IRNUM Peshawar has stressed the need of more effective role o
Published 30 Jun, 2012 12:00am
Post of Commerce Secretary: Fahim recommends Kamran's name

Post of Commerce Secretary: Fahim recommends Kamran's name

Commerce Minister, Makhdoom Amin Fahim has, reportedly recommended the name of Karman Qureshi, a grade 22 officer of District Management Group (DMG) as Commerce Secretary, official sources told Business Recorder. Presently Qureshi is working in Com
Published 30 Jun, 2012 12:00am
Profound times

Profound times

This refers to a media report that the PPP will not accept any neutral prime minister in formation of a caretaker setup, prior to the holding of the next general election, who would write the dreaded letter to the Swiss authority to open cases of graft an
Published 30 Jun, 2012 12:00am
Facing death threats, journalist battles Mexican corruption

Facing death threats, journalist battles Mexican corruption

Death threats and constant protection are part of the daily routine for journalist Ana Lilia Perez, who has used her pen to reveal the corruption that extends to the highest levels of Mexico's energy sector. "You look into the behaviour of a politician or
Published 30 Jun, 2012 12:00am
Confusion, jubilation, anger greet health care ruling

Confusion, jubilation, anger greet health care ruling

Dueling megaphones on the US Supreme Court steps drowned out the official announcement of the court's ruling on President Barack Obama's key health care reforms Thursday. It was just another sign of how the health care law has ignited passionate controver
Published 30 Jun, 2012 12:00am
Soft energy paths

Soft energy paths

You may try anything the shortage in energy is not going to go away. The technocrat has never been questioned in Pakistan. Rather he is eulogized and epitomised as a wise man. Why? He quantifies the future as if the technical aspects are all that matter.
Published 30 Jun, 2012 12:00am
The president's dual office

The president's dual office

There is no specific provision in the Constitution barring President Zardari from holding dual-office as the Head of State and the head of his party, though a number of constitutional provisions expect of him to stay neutral, impartial and maintain, at
Published 30 Jun, 2012 12:00am
Gathering clouds on the external sector

Gathering clouds on the external sector

While the domestic economy faced a number of problems during FY11, the external sector of the country was relatively immune and fared better, with a current account surplus of dollar 0.3 billion after six consecutive years of deficits. Foreign exchange
Published 30 Jun, 2012 12:00am
BHUs lacking equipment, facilities

BHUs lacking equipment, facilities

Medical equipment and facilities including stretchers, wheelchairs, sterilises, oxygen tents, labour room and mini laboratories are lacking at numerous Basic Health Units (BHUs) monitored in May. FAFEN governance monitors who visited 132 BHUs in 85 distri
Published 30 Jun, 2012 12:00am
94,000 HIV/AIDS cases registered across country: IPC

94,000 HIV/AIDS cases registered across country: IPC

A total of 94,000 cases of HIV/AIDS have been registered across the country, Senate Standing Committee on Inter-Provincial Co-ordination (IPC) was informed on Friday. The Committee was also told that cases of Leishmania disease caused by biting of certain
Published 30 Jun, 2012 12:00am
IESCO facilitates consumers at their doorstep

IESCO facilitates consumers at their doorstep

IESCO is facilitating its consumers at their doorstep to provide its best services throughout Islamabad, Rawalpindi, Chakwal, Jhelum and Attock Circles. IESCO requests to its valued consumers to contact IESCO Mobile Unit as per following schedule for the
Published 30 Jun, 2012 12:00am
Monsoon: Ibad calls for precautionary measures

Monsoon: Ibad calls for precautionary measures

Governor of Sindh, Dr Ishrat ul Ebad Khan called for precautionary measures before the monsoon. No dereliction in this regard would be tolerated, he warned while presiding over a high level meeting at the Governor House here on Thursday regarding the rain
Published 30 Jun, 2012 12:00am
SBP appoints 11 primary dealers for fiscal year 2013

SBP appoints 11 primary dealers for fiscal year 2013

The State Bank of Pakistan has appointed 11 Primary Dealers for the next financial year (2012-13) which include JS Bank Limited, Habib Bank Limited, Faysal Bank Limited, NIB Bank Limited, National Bank of Pakistan, Bank Alfalah Limited, Pak Oman Investmen
Published 30 Jun, 2012 12:00am
Skill-building opportunities should be provided to youth: Subzwari

Skill-building opportunities should be provided to youth: Subzwari

Ample skill-building opportunities should be provided to youth for making headway. This was stressed by the Sindh Minister for Youth Affairs, Faisal Ali Subzwari. A statement on Friday said that he was awarding certificates to successful graduates of Insp
Published 30 Jun, 2012 12:00am
SPDP establishes orchards on 13,500 acres of waste land in Fata

SPDP establishes orchards on 13,500 acres of waste land in Fata

Orchards of walnut, pistachio, almond, pomegranate and olive have been established on 13,500 acres waste lands under Sustainable Plain Development Programme (SPDP) in Fata. Similarly, the programme has also installed two windmills and seven solar pumps an
Published 30 Jun, 2012 12:00am
Fesco holds function for badminton gold medallist

Fesco holds function for badminton gold medallist

Chairman Faisalabad Electric Supply Company (Fesco) Board of Directors (BoDs) Nadeem Aftab Sindhu has underlined the importance of sports and said that company was making best efforts to promote healthy sports activities in this region. He was addressing
Published 30 Jun, 2012 12:00am
Baig appointed Chairman Pakistan Textile City

Baig appointed Chairman Pakistan Textile City

Dr Mirza Ikhtiar Baig, Chairman Baig Group has been appointed as Chairman Pakistan Textile City Limited at the Board of Directors meeting held on Friday. Baig Group is a multinational conglomerate operating in Pakistan, UAE, Morocco, Turkey and US in dive
Published 30 Jun, 2012 12:00am
FBR urged to defer introduction of new tax return forms

FBR urged to defer introduction of new tax return forms

Karachi Tax Bar Association (KTBA) has asked the Federal Board of Revenue (FBR) to defer the introduction of the proposed tax returns form till next year. According to a KTBA letter sent to the chairman FBR, it would be difficult to prepare account books
Published 30 Jun, 2012 12:00am
Government urged to legislate against torture at the hands of LEAs

Government urged to legislate against torture at the hands of LEAs

Association of Women for Awareness and Motivation (Awam) and Anti-Torture Alliance (ATA) have emphasised the government for passing and vigorously enforcing legislation against torture by police and law enforcement agencies, and held all the elements resp
Published 30 Jun, 2012 12:00am
Sindh police sign MoU with Australian police

Sindh police sign MoU with Australian police

The Sindh police have inked a memorandum of understanding (MoU) with the Australian Feederal Police (AFP) on Friday A police statement said that the Co-ordination Officer of the AFP, Marzio Dare, met with the Inspector General of Police (IGP), Sindh at CP
Published 30 Jun, 2012 12:00am
Sindh teachers' recruitment policy 2012 approved

Sindh teachers' recruitment policy 2012 approved

The teachers' recruitment policy 2012 has been approved by the Chief Minister Sindh and accordingly revised recruitment rules for the post PST, JST & HST have been notified. An official statement on Friday said that thus the recruitment against the vacanc
Published 30 Jun, 2012 12:00am
Attack on FC personnel, pilgrims' bus condemned

Attack on FC personnel, pilgrims' bus condemned

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has on Friday condemned the attacks on the Frontier constabulary and Quetta-bound bus carrying Shia pilgrims from Iran.
Published 30 Jun, 2012 12:00am
Hospital strike: LHC urged to annul doctors' degrees

Hospital strike: LHC urged to annul doctors' degrees

A petitioner on Friday urged the Lahore High Court to order the authorities concerned to cancel licenses of doctors on strike. The petition, filed by a bar member, Azhar Siddiqui, is in addition to another petition that is already pending before the court
Published 30 Jun, 2012 12:00am
The Weather

The Weather

The weather report on Friday (June 29, 2012) and the forecast for Saturday (June 30, 2012).

Published 30 Jun, 2012 12:00am
Four shot dead in city

Four shot dead in city

As many as four persons were shot dead during last 24 hours in the city. As per details, one Imran, 35, owner of a puncture shop was shot dead by unidentified gunmen near Erum Shopping Centre at Nagan Chowrangi. The body of the deceased was shifted to Abb
Published 30 Jun, 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 June 26, 2012.

Published 30 Jun, 2012 12:00am
Capital police combs Margallah hills: 12 suspects held

Capital police combs Margallah hills: 12 suspects held

The capital police on Friday conducted combing and search operation in the areas adjacent to Margallah hills and maintained high alert in the city to ensure foolproof security. "Police teams of Margallah police station headed by Station House Officer (SHO
Published 30 Jun, 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 June 26, 2012.

Published 30 Jun, 2012 12:00am
'Women entrepreneurs from southern Punjab quite talented'

'Women entrepreneurs from southern Punjab quite talented'

Women entrepreneurs from southern Punjab demonstrate great potential in business ventures and they are making substantial contribution in domestic cottage industry, introducing Pakistani products abroad, President of Multan Chamber of Commerce and Industr
Published 30 Jun, 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 June 26, 2012.

Published 30 Jun, 2012 12:00am
Imran most popular leader: PTI spokesperson

Imran most popular leader: PTI spokesperson

Globally reputed research organisation declared Pakistan Tahreek-e-Insaf (PTI) Chairman Imran Khan as the most popular leader of Pakistan. According to a PTI's spokesperson here on Friday, the declaration is based on the results of a comprehensive survey
Published 30 Jun, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 29, 2012).

Published 30 Jun, 2012 12:00am
Punjab water council flays Irsa's role in water distribution

Punjab water council flays Irsa's role in water distribution

Punjab Water Council has strongly criticised role of Indus River System Authority (Irsa) in water distribution for it was not allowing the authorities to fill the Mangla dam on river Jhelum whereas the current Indus river inflow is adequate to meet irriga
Published 30 Jun, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 29, 2012).

Published 30 Jun, 2012 12:00am
Power shortfall hovers around 5000 megawatts

Power shortfall hovers around 5000 megawatts

Power shortfall hovered around 5000MW due to less inflow in Tarbela and short supply of fuel besides technical faults in a few Independent Power Producers (IPPs). According to the NTDC sources, the hydel generation affected negatively due to less inflow i
Published 30 Jun, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 30 Jun, 2012 12:00am
Sindh Relief Department facing acute shortage of manpower!

Sindh Relief Department facing acute shortage of manpower!

Due to lack of manpower, Sindh Relief department has hired private people to deploy in the 'Humanitarian Cell', which has been established for co-ordination between district administrations, NGOs and donors for coping with any kind of emergency during the
Published 30 Jun, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 30 Jun, 2012 12:00am
Pakistani student wins silver medal in international competition

Pakistani student wins silver medal in international competition

A Pakistani student won silver medal in an international competition about environmental issues held at State University of New York (SUNY) at Oswego. Students from forty countries presented 657 projects in the Genius Olympiad where the Shadab Rasool Buri
Published 30 Jun, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 29, 2012).

Published 30 Jun, 2012 12:00am
KMC forms Road Safety Audit Task Force

KMC forms Road Safety Audit Task Force

The Karachi Metropolitan Corporation (KMC) has finally implemented its plan to set up a Road Safety Audit Task Force to carry out a survery to study causes of traffic-related incidents in the city. Risks pointed out by the survey team would then be studie
Published 30 Jun, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (June 29, 2012) and for Saturday (June 30, 2012).
Published 30 Jun, 2012 12:00am
Rangers arrest five Lyari gang war suspects

Rangers arrest five Lyari gang war suspects

Rangers arrested five Lyari gang war suspects and recovered weapons from their possession during a search operation. According to Rangers' spokesman, the Rangers on a tip-off raided at a house located in Singolane, Lyari and arrested suspects namely Nasir
Published 30 Jun, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (June 29, 2012).

Published 30 Jun, 2012 12:00am
AJK Prime Minister regularises services of all contractual employees

AJK Prime Minister regularises services of all contractual employees

Azad Jammu Kashmir (AJK) Prime Minister Chaudry Abdul Majeed announced to regularise the services of all the contractual employees working in all the public-sector departments of AJK government. The AJK Prime Minister made these announcements while addres
Published 30 Jun, 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 (June 29, 2012).

Published 30 Jun, 2012 12:00am
Minister, secretary authorised to issue blue passport, PAC told

Minister, secretary authorised to issue blue passport, PAC told

The Public Accounts Committee (PAC) was told on Friday that both the minister and secretary for interior were authorised to issue blue passport to anyone they deemed eligible. Secretary Interior Khwaja Sadiq Akbar told the parliamentary panel that a perso
Published 30 Jun, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 29, 2012).

Published 30 Jun, 2012 12:00am
Iraq to sign oil, gas deals next month

Iraq to sign oil, gas deals next month

Iraq will sign initial contracts in July with three foreign companies that won deals to explore oil and gas blocks as it looks to attract more foreign investment to develop its energy sector following decades of war and economic sanctions. The Opec member
Published 30 Jun, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 29, 2012).

Published 30 Jun, 2012 12:00am
Iraq to sign oil, gas deals next month

Iraq to sign oil, gas deals next month

Iraq will sign initial contracts in July with three foreign companies that won deals to explore oil and gas blocks as it looks to attract more foreign investment to develop its energy sector following decades of war and economic sanctions. The Opec member
Published 30 Jun, 2012 12:00am
Iraq to sign oil, gas deals next month

Iraq to sign oil, gas deals next month

Iraq will sign initial contracts in July with three foreign companies that won deals to explore oil and gas blocks as it looks to attract more foreign investment to develop its energy sector following decades of war and economic sanctions. The Opec member
Published 30 Jun, 2012 12:00am
THE RUPEE: mixed trends

THE RUPEE: mixed trends

The rupee moved both ways against dollar on the currency market on Friday in process of payment to the IMF, dealers said. Money experts said that despite the payment of 300 million dollars to the International Monetary Fund (IMF), the rupee resisted sharp
Published 30 Jun, 2012 12:00am
THE RUPEE: mixed trends

THE RUPEE: mixed trends

The rupee moved both ways against dollar on the currency market on Friday in process of payment to the IMF, dealers said. Money experts said that despite the payment of 300 million dollars to the International Monetary Fund (IMF), the rupee resisted sharp
Published 30 Jun, 2012 12:00am
UK''s 4 big banks agree to another compensation

UK''s 4 big banks agree to another compensation

Britain''s biggest banks have agreed to a settlement for misrepresenting interest-rate protection products sold to small and medium-sized businesses, the country''s financial regulator said Friday. The Financial Services Authority said Barclays, HSBC, Llo
Published 30 Jun, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (June 29, 2012).

Published 30 Jun, 2012 12:00am
UK's 4 big banks agree to another compensation

UK's 4 big banks agree to another compensation

Britain's biggest banks have agreed to a settlement for misrepresenting interest-rate protection products sold to small and medium-sized businesses, the country's financial regulator said Friday. The Financial Services Authority said Barclays, HSBC, Lloyd
Published 30 Jun, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (June 29, 2012).

Published 30 Jun, 2012 12:00am
UK's 4 big banks agree to another compensation

UK's 4 big banks agree to another compensation

Britain's biggest banks have agreed to a settlement for misrepresenting interest-rate protection products sold to small and medium-sized businesses, the country's financial regulator said Friday. The Financial Services Authority said Barclays, HSBC, Lloyd
Published 30 Jun, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (June 29, 2012).

Published 30 Jun, 2012 12:00am
Citigroup breaks bank drought with new deal

Citigroup breaks bank drought with new deal

Citigroup on Friday broke an eight-week drought of issuance by the US''s largest global banks, coming to market with a blow-out US $750m tap of its outstanding 10-year on-the-run notes. Spurred by a surge in bond prices on the back of better than expected
Published 30 Jun, 2012 12:00am
Citigroup breaks bank drought with new deal

Citigroup breaks bank drought with new deal

Citigroup on Friday broke an eight-week drought of issuance by the US's largest global banks, coming to market with a blow-out US $750m tap of its outstanding 10-year on-the-run notes. Spurred by a surge in bond prices on the back of better than expected
Published 30 Jun, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (June 29, 2012).

Published 30 Jun, 2012 12:00am
Citigroup breaks bank drought with new deal

Citigroup breaks bank drought with new deal

Citigroup on Friday broke an eight-week drought of issuance by the US's largest global banks, coming to market with a blow-out US $750m tap of its outstanding 10-year on-the-run notes. Spurred by a surge in bond prices on the back of better than expected
Published 30 Jun, 2012 12:00am
US names two money traders for helping Taliban

US names two money traders for helping Taliban

The United States named two Afghanistan-Pakistan money changers as helping the Taliban manage and move funds, setting sanctions against both that aim to hinder their business. The US Treasury said the two hawalas, or money exchange businesses - the Haji K
Published 30 Jun, 2012 12:00am
US names two money traders for helping Taliban

US names two money traders for helping Taliban

The United States named two Afghanistan-Pakistan money changers as helping the Taliban manage and move funds, setting sanctions against both that aim to hinder their business. The US Treasury said the two hawalas, or money exchange businesses - the Haji K
Published 30 Jun, 2012 12:00am
Memogate case: hearing on July 12

Memogate case: hearing on July 12

Notices have been issued to all respondents of Memogate case, including former ambassador to the United States Hussain Haqqani and US businessman Mansoor Ijaz, for hearing of the case by the Supreme Court on July 12. Reports revealed on Friday that a nine
Published 30 Jun, 2012 12:00am
Memogate case: hearing on July 12

Memogate case: hearing on July 12

Notices have been issued to all respondents of Memogate case, including former ambassador to the United States Hussain Haqqani and US businessman Mansoor Ijaz, for hearing of the case by the Supreme Court on July 12. Reports revealed on Friday that a nine
Published 30 Jun, 2012 12:00am
ISE moves both ways

ISE moves both ways

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Friday where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 8.32 points as the ISE Ten Index moved from
Published 30 Jun, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Jun, 2012 12:00am
ISE moves both ways

ISE moves both ways

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Friday where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 8.32 points as the ISE Ten Index moved from
Published 30 Jun, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Jun, 2012 12:00am
LSE finally stay in negative zone

LSE finally stay in negative zone

Equities on Friday moved both ways on the Lahore Stock Exchange and finally stayed in negative zone due to selling pressure on account of profit taking ahead of weekend. The LSE-25 index lost 27.88 points and was ended at 3443.96 against 3471.84 of Thursd
Published 30 Jun, 2012 12:00am
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