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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-07-04
Gold climbs in Europe

Gold climbs in Europe

Gold prices rose more than 1 percent on Tuesday, gathering steam above $1,610 per ounce, with broad sentiment lifted as increasingly poor economic data raised expectations that leading central banks will ease policy further to stimulate growth. The rally
Published 04 Jul, 2012 12:00am
US MIDDAY: corn climbs

US MIDDAY: corn climbs

Relentless heat in the key US corn- and soybean-growing areas drove benchmark Chicago corn futures to a contract high early on Tuesday, and soybean prices jumped to their highest levels since 2008, as worries grew over the impact of drought on world grain
Published 04 Jul, 2012 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

Copper jumped more than 2 percent to a seven-week high on Tuesday as a short-covering rally swept the market higher amid hopes for further economic stimulus by central banks that could reignite sluggish industrial demand for the metal.
Published 04 Jul, 2012 12:00am
US MIDDAY: gold up 1.5 percent

US MIDDAY: gold up 1.5 percent

Gold prices rose 1.5 percent to a two-week high early on Tuesday, as signs of a slowing US economy fuelled investors' expectation that central banks around the world will introduce new monetary stimulus. The metal also benefited from inflation-hedge buyin
Published 04 Jul, 2012 12:00am
FBR to set up crisis management cells at all collectorates

FBR to set up crisis management cells at all collectorates

Following incident of fire at the Customs House in Karachi, the Federal Board of Revenue (FBR) has decided to set up 'Centralised Crisis Management Cell' at all Model Customs Collectorates (MCC) to ensure easy exit by the tax officials/visitors during any
Published 04 Jul, 2012 12:00am
SU announces results

SU announces results

The Controller of Examinations (Annual) University of Sindh announced results of B.Sc. Part-I and Part-II annual examinations 2011 here on Tuesday. According to the announcement 7,759 candidates appeared and 4,080 candidates cleared all subjects in B.Sc.
Published 04 Jul, 2012 12:00am
Price hike despite cut in POL products' prices

Price hike despite cut in POL products' prices

The considerable reduction in prices of petroleum products has not led to any decline in fares by local transporters of the twin cities. The prices of petroleum products were decreased in accordance with a notification issued by Ogra on July 1.
Published 04 Jul, 2012 12:00am
SCCI hails performance of Customs Collectorate Peshawar

SCCI hails performance of Customs Collectorate Peshawar

Sarhad Chamber of Commerce & Industry (SCCI) on Tuesday appreciated the performance of Custom Collectorate Peshawar for collection of over 32 percent of different taxes from the set target during last fiscal year 2011-12, termed that it was a encouraging
Published 04 Jul, 2012 12:00am
Petition filed against several anchorpersons and others

Petition filed against several anchorpersons and others

A petition moved in the Supreme Court on Tuesday urged the apex court to proceed against 61 people, including TV anchorpersons, under contempt of court ordinance 2004, for allegedly showing disrespect to the Chief Justice of Pakistan and other judges of h
Published 04 Jul, 2012 12:00am
Gas supply to Bahawalnagar: OGDCL told to justify year-long delay

Gas supply to Bahawalnagar: OGDCL told to justify year-long delay

The National Assembly's Standing Committee on Inter Provincial Co-ordination (IPC) on Tuesday directed the Oil and Gas Development Company Limited (OGDCL) to give reasons for year-long delay in starting work on supplying gas to Balawalnagar. The Committee
Published 04 Jul, 2012 12:00am
General lot of Indian Muslims facing dismal situation: scholar

General lot of Indian Muslims facing dismal situation: scholar

Well-known Indian scholar Professor Dr Ram Puniyami described the general lot of Indian Muslims 'dismal' in secular India as the situation of minorities' rights have worsened over the last three decades. Ghettoised and alienated for long from the mainstre
Published 04 Jul, 2012 12:00am
SPSC results

SPSC results

The Sindh Public Service Commission has informed that the Commission interviewed the eligible candidates for the post of Librarian BPS-11 in SPSC in the month of July, and found Muneer Mustafa s/o Haji Muhammad Paryal Jhandeer as successful.
Published 04 Jul, 2012 12:00am
PHCBA Abbottabad bench: Saeed Akhtar panel wins elections

PHCBA Abbottabad bench: Saeed Akhtar panel wins elections

Saeed Akhtar Khan and his panel won elections of Peshawar High Court Bar Association (Abbottabad bench). The elections were held on June 30 and the results were announced on Tuesday. Saeed Akhtar is also a member of the Pakistan Bar Council (PBC) as well
Published 04 Jul, 2012 12:00am
Foundation-stone of Supreme Court AJK rest-house laid

Foundation-stone of Supreme Court AJK rest-house laid

The Chief Justice of Azad Jammu and Kashmir Justice Muhammad Azam Khan here on Tuesday laid the foundation stone of Rs 90.39 million grand building for rest house of the Supreme Court AJK. The project, being constructed near the scenic Bhutto Park, locate
Published 04 Jul, 2012 12:00am
Government departments in Fata owe Rs 826 million to Tesco

Government departments in Fata owe Rs 826 million to Tesco

Tribal Electricity Supply Company (Tesco) Chief Executive Pervez Khankhel Swati has said that an amount of Rs 826 million arrears outstanding against the different government departments in Federally Administrative Tribal Areas from the month of May, 2012
Published 04 Jul, 2012 12:00am
Raymond Baker's book: PML-N leader rejects allegations against Nawaz

Raymond Baker's book: PML-N leader rejects allegations against Nawaz

Pakistan Muslim League-Nawaz (PML-N) Media Co-ordinator Muhammad Mehdi has strongly rebutted media reports regarding Raymond Baker's book "Capitalism's Achilles Heel" quoted as so-called cogent testimony against Mian Muhammad Nawaz Sharif.
Published 04 Jul, 2012 12:00am
Two-day Urs of Saint Baba Peer Shah from today

Two-day Urs of Saint Baba Peer Shah from today

The two-day Urs celebrations of the eminent spiritual leader, saint and the preacher of Islam in the Subcontinent, Baba Peer-a-Shah Ghazi, famously known as Damri Wali Sarkar, will start at his mausoleum in Khari Sharif on Wednesday. Security has been bee
Published 04 Jul, 2012 12:00am
South Sudan minister calls on Prime Minister

South Sudan minister calls on Prime Minister

Nhial Deng Nhial, Minister for Foreign Affairs and International Co-operation of the Republic of South Sudan on Tuesday called on Prime Minister Raja Pervez Ashraf and Foreign Minister Hina Rabbani Khar and discussed matters of mutual interest and regiona
Published 04 Jul, 2012 12:00am
Essential commodities' prices: Credibility of statistics questioned

Essential commodities' prices: Credibility of statistics questioned

Credibility of statistics on essential commodities' prices prepared by the Finance Ministry has been questioned by the country's top decision body ie federal cabinet, headed by Prime Minister Raja Pervaiz Ashraf, well informed sources told Business Rec
Published 04 Jul, 2012 12:00am
Power crisis: emergency management committee formed

Power crisis: emergency management committee formed

The Punjab government on Tuesday issued a notification to constitute a divisional emergency management of load shedding committee headed by adviser to Chief Minister, Zakia Shahnawaz. According to the notification, other members of the committee are MNAs'
Published 04 Jul, 2012 12:00am
Poor gas, power supplies hurting textile output: APTMA

Poor gas, power supplies hurting textile output: APTMA

Gas supply on low pressure by SNGPL and low-voltage power supply by NTDC have crippled the textile industry, resulting in production failures and machinery losses. Industry sources said that both the NTDC and SNGPL were doing so unannounced, which is an i
Published 04 Jul, 2012 12:00am
Power loadshedding in Punjab intensified again

Power loadshedding in Punjab intensified again

The power loadshedding has once again intensified after a slight relief for only a couple of days in Punjab, with the maximum relief extended to residents of Gujar Khan, the new Prime Minister's constituency and Gujrat, constituency of Minister for Water
Published 04 Jul, 2012 12:00am
Artificial shortages: crackdown launched against petrol pumps in Multan

Artificial shortages: crackdown launched against petrol pumps in Multan

The City District Government Multan (CDGM) authorities sealed four petrol pumps in the city and registered cases against their owners on allegations of overcharging and creating an artificial shortage of petroleum products on Sunday after Ogra moved to de
Published 04 Jul, 2012 12:00am
Punjab chief minister pledges to release Rs 100 million grant to GCU

Punjab chief minister pledges to release Rs 100 million grant to GCU

Punjab Chief Minister Mian Muhammad Shahbaz Sharif on Tuesday pledged to release a grant of Rs 100 million to Government College University (GCU) Lahore and also ordered the Traffic Engineering and Planning Agency (TEPA) and Lahore Development Authority (
Published 04 Jul, 2012 12:00am
Power shortfall surges to 5,820 megawatts

Power shortfall surges to 5,820 megawatts

Power shortfall surged further to 5820MW with dysfunctional power plants due to short supply of fuel and technical faults on Tuesday. Those being out of function due to short supply of fuel included KAPCO of 140MW, Orient of 213MW, Saif of 105MW and Sapph
Published 04 Jul, 2012 12:00am
Power crisis - the real culprits - I

Power crisis - the real culprits - I

Needless to emphasise that the energy crisis gripping the country has not only badly affected the industrial sector but also made the lives of the people extremely miserable, to say the least. Consequently, the government has been the target of an incessa
Published 04 Jul, 2012 12:00am
Obama in tough fight with Romney for White House

Obama in tough fight with Romney for White House

President Barack Obama is in a tough race against Republican challenger Mitt Romney, just four months before US voters go to the polls on November 6. This can be seen in an average of national polls, which currently gives Obama a narrow 3.7 per cent lead
Published 04 Jul, 2012 12:00am
Role of auto industry in economic growth

Role of auto industry in economic growth

Economic Development is a natural objective of every country, but the manner its leaders chart the path affects its people and communities, as well as the effectiveness of the effort. Surely the best desired objective would be to improve the quality of li
Published 04 Jul, 2012 12:00am
Rental power: What went wrong?

Rental power: What went wrong?

The issue of rental power has become alive with the election of the new Prime Minister, Raja Pervez Ashraf. Raja Pervez Ashraf, although erroneously, is considered the main architect, godfather and beneficiary, of now defamed Rental Power scheme. The sche
Published 04 Jul, 2012 12:00am
Challenges confronting MB's Morsi

Challenges confronting MB's Morsi

Mohamed Morsi's speech at the Cairo University shortly after taking oath as Egypt's first freely-elected civilian president was down-to-earth enough to help dispel misconceived concerns, especially among the Western capitals that the Arab world's most
Published 04 Jul, 2012 12:00am
'Ramazan package'

'Ramazan package'

It has become a tradition in our annual federal budgets to earmark a subsidy during the holy month of Ramazan with the objective of ensuring affordable prices of essential items, specifically food items, for the common man. Last year, the government ea
Published 04 Jul, 2012 12:00am
Condolence

Condolence

Punjab Chief Minister Shahbaz Sharif on Tuesday went to the residence of Chief Executive of Akhuwat, Dr Amjad Saqib in Johar Town, here on Tuesday and condoled with him over the death of his father. The Chief Minister also offered Fateha for the departed
Published 04 Jul, 2012 12:00am
Alam Lohar remembered

Alam Lohar remembered

Artistes paid tribute to Punjabi folk singer Muhammad Alam Lohar, father of famous singer Arif Lohar, on his 33rd death anniversary here on Tuesday Special prayers and Quran Khawani were offered for the folk singer who died on July 3, 1979, in an accident
Published 04 Jul, 2012 12:00am
No reduction in fares: notice taken

No reduction in fares: notice taken

Deputy Commissioner Hyderabad Agha Shahnawaz Babar has taken serious notice of not reducing fare prices despite decrease in fuel rates. He also expressed his displeasure over not convening the meeting on this subject by Secretary Regional Transport Author
Published 04 Jul, 2012 12:00am
Nokia, Unesco launch eTaleem literacy app

Nokia, Unesco launch eTaleem literacy app

Nokia and Unesco Pakistan are proud to launch a basic literacy application named eTaleem for Nokia phones, which allows people to easily access lessons for Urdu reading, phonetics, word synthesis, sentence making, and basic math.
Published 04 Jul, 2012 12:00am
KESC experiencing huge power theft

KESC experiencing huge power theft

Karachi Electric Supply Company (KESC) is facing 18 percent power theft amounting to Rs 18 billion per year despite investing millions of rupees on the replacement of Bare Copper Conductor (BCC) with Arial Bundle Cables (ABC).
Published 04 Jul, 2012 12:00am
Entrepreneurship Development Programme: SBI signs contract with IBA

Entrepreneurship Development Programme: SBI signs contract with IBA

Sindh Board of Investment (SBI) has signed a contract with Institute of Business Administration (IBA) to lodge a programme for Sindh entrepreneurs. According to a statement issued here on Tuesday, in phase-I, 300 candidates from across the province will b
Published 04 Jul, 2012 12:00am
Patel made President PPP Karachi

Patel made President PPP Karachi

Bowing to banned People's Aman Committee demand, PPP leadership finally nominated MNA Qadir Patel as President PPP Karachi Division and the Political Secretary to President Asif Ali Zardari after the resignation of Senator Faisal Raza Abidi from both posi
Published 04 Jul, 2012 12:00am
Chairman Site condemns killing of security guard

Chairman Site condemns killing of security guard

Muhammad Irfan Moton, Chairman, SITE Association of Industry has condemned the killing of security guard on Tuesday in SITE area by the dacoits who were following the industrialist and opened fire while he was entering in his factory.
Published 04 Jul, 2012 12:00am
Short-term rating of Burj Bank upgraded

Short-term rating of Burj Bank upgraded

JCR-VIS Credit Rating Company Limited has maintained the medium to long-term entity rating of Burj Bank Limited (Burj) at 'A' (Single A). Short-term rating has been upgraded from 'A-2' (A-Two) to 'A-1' (A-One). Outlook on the ratings is 'Stable'.Ratings a
Published 04 Jul, 2012 12:00am
Short-term rating of Burj Bank upgraded

Short-term rating of Burj Bank upgraded

JCR-VIS Credit Rating Company Limited has maintained the medium to long-term entity rating of Burj Bank Limited (Burj) at 'A' (Single A). Short-term rating has been upgraded from 'A-2' (A-Two) to 'A-1' (A-One). Outlook on the ratings is 'Stable'.Ratings a
Published 04 Jul, 2012 12:00am
PPCBL to go online from July 5

PPCBL to go online from July 5

Punjab Provincial Co-operative Bank Limited (PPCBL) is being automated from 5th July to ensure modern and online banking facilities to its account holders. Rana Irshad Ali, the bank's spokesman, said on Tuesday that staff of various PPCBL branches was als
Published 04 Jul, 2012 12:00am
Two PPP activists among five shot dead in Karachi

Two PPP activists among five shot dead in Karachi

At least five persons including two activists of Pakistan People's Party (PPP) and a police constable were killed in separate incidents in the metropolis here on Tuesday. According to police and rescue sources, unidentified armed men opened indiscriminate
Published 04 Jul, 2012 12:00am
Minister lauds services of NESPAK

Minister lauds services of NESPAK

National Engineering Services Pakistan (NESPAK) is a great national asset of Pakistan which has been rendering valuable services in the field of engineering consultancy throughout Pakistan and in 36 other countries of the world. This was stated by Ministe
Published 04 Jul, 2012 12:00am
Gorchani likely to be elevated to post of IG Sindh

Gorchani likely to be elevated to post of IG Sindh

Akhtar Hussain Gorchani, currently serving as Additional Inspector-General (AIG), is likely to be elevated to Inspector-General Sindh some time this month, sources said on Tuesday. According to sources, the government is considering promoting the AIG to f
Published 04 Jul, 2012 12:00am
Swedish businessmen to visit Pakistan: envoy

Swedish businessmen to visit Pakistan: envoy

A small delegation of Sweden businessmen will visit Pakistan in October this year to identify areas of co-operation and see investment opportunities in power and other sector, Ambassador of Sweden, Lars-Hjalamar Wide, informed members of Karachi Chamber o
Published 04 Jul, 2012 12:00am
USAID assisted 17 mango farms to attain GlobalGap certification

USAID assisted 17 mango farms to attain GlobalGap certification

The US Agency for International Development's (USAID) farms project has successfully assisted 17 mango farms from Punjab and Sindh and attain the renowned Global Good Agriculture Practices (GlobalGap) certification, with a target to complete assistance to
Published 04 Jul, 2012 12:00am
Final distribution of ABL Funds approved

Final distribution of ABL Funds approved

The Board of Directors of ABL Asset Management Company Limited (ABL AMCL) on June 25, have approved the following final distribution for the year ending June 30.
Published 04 Jul, 2012 12:00am
Final distribution of ABL Funds approved

Final distribution of ABL Funds approved

The Board of Directors of ABL Asset Management Company Limited (ABL AMCL) on June 25, have approved the following final distribution for the year ending June 30.
Published 04 Jul, 2012 12:00am
The Weather

The Weather

The weather report on Tuesday (July 03, 2012) and the forecast for Wednesday (July 04, 2012).
Published 04 Jul, 2012 12:00am
Fishermen start repairing boats

Fishermen start repairing boats

Soon after offshore hunting came to a halt, a large number of fishermen began revamping and repairing their decaying boats for the next fishing season in August. Onshore activities increased after thousands of fishing vessels moored at harbour and by isla
Published 04 Jul, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 03, 2012).
Published 04 Jul, 2012 12:00am
Indus Pharma to sponsor tennis star Yasir Khan

Indus Pharma to sponsor tennis star Yasir Khan

Indus Pharma Pakistan would sponsor Tennis star Yasir Khan for training and participation in various tournaments in Spain and would made all possible measures to promote tennis and young Pakistani players. Addressing a press conference at the Karachi Pres
Published 04 Jul, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 03, 2012).
Published 04 Jul, 2012 12:00am
Nato supplies: fuel suppliers seek foolproof security

Nato supplies: fuel suppliers seek foolproof security

As prospects of the resumption of Nato supplies brighten, owners of fuel transport vehicles urged the government for providing foolproof security against militants. "Fuel supplies cannot be resumed without provision of airtight security cover to trucks an
Published 04 Jul, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.
Published 04 Jul, 2012 12:00am
Irrigation department issues current flood situation

Irrigation department issues current flood situation

Irrigation Department Government of Sindh issued current flood situation and reported that River Indus is flowing normal at Guddu, Sukkur, Kotri Barrages and it will remain in normal flood these rivers flow recorded at 6.00am today.
Published 04 Jul, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.
Published 04 Jul, 2012 12:00am
Notorious gangster arrested

Notorious gangster arrested

Law Enforcement Agencies (LEAs) on Tuesday claimed to have arrested a notorious gangster, who is said to be involved in some 30 murders, from Keamari. According to police officials, the law enforcers on a secret information conducted raid at Keamri area a
Published 04 Jul, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 03, 2012).
Published 04 Jul, 2012 12:00am
'Efforts are being made to increase trade among SAARC countries'

'Efforts are being made to increase trade among SAARC countries'

SAARC Chamber of Commerce Vice President Iftikhar Ali Malik has said that efforts are being made to increase trade between SAARC countries. Taking to media during the visit of city, he noted at present trade between SAARC countries is around 6 percent and
Published 04 Jul, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 03, 2012).
Published 04 Jul, 2012 12:00am
Immediate induction of FCPS doctors demanded

Immediate induction of FCPS doctors demanded

Doctors of Khyber Pakhtunkhwa on Tuesday warned that if the young doctors who qualified examination of Fellowship of the College of Physicians and Surgeons (FCPS) will not accommodate by Post Graduate Medical Institute (PGMI), then they will go on strike
Published 04 Jul, 2012 12:00am
If YDA's demands met: Young doctors of Sindh may follow suit

If YDA's demands met: Young doctors of Sindh may follow suit

Young doctors of Sindh may resort to protest and strikes, if Punjab government accepted the demands of young doctors of Punjab, who in turn might also press the Sindh government to give the same incentives to them. Sources said that following the protest
Published 04 Jul, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (July 03, 2012).
Published 04 Jul, 2012 12:00am
UAE officials inspect quality Halal meat factories

UAE officials inspect quality Halal meat factories

A two-member team of officials of Ministry of Environment UAE carried out annual inspection of factories exporting quality red Halal meat products to the UAE. Sources said here on Tuesday that the UAE officials inspected offices and processing plants of s
Published 04 Jul, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 03, 2012).
Published 04 Jul, 2012 12:00am
Employees to get plots of land soon, says SU vice chancellor

Employees to get plots of land soon, says SU vice chancellor

The Vice Chancellor University of Sindh Professor Dr Nazir A.Mughal while approving upgradation of non technical posts of employees and leave encashment for teachers, officers and employees has announced here on Tuesday that the employees would get 300 ac
Published 04 Jul, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 03, 2012).
Published 04 Jul, 2012 12:00am
KSE to delist 18 companies

KSE to delist 18 companies

The Karachi Stock Exchange (KSE) considering the interest of the stakeholders has decided to delist 18 companies from the Exchange. The KSE has taken this action against the non-compliant / defaulting companies, committing defaults under the Listing Regul
Published 04 Jul, 2012 12:00am
Some protesting young doctors resume duties

Some protesting young doctors resume duties

About 92 young doctors resumed their duties following the Punjab government's crackdown against the YDA leadership, while the death toll on account of non-availability of medical treatment has reached 12. According to reports reaching here, as many as 92
Published 04 Jul, 2012 12:00am
THE RUPEE: firm trend in interbank trade

THE RUPEE: firm trend in interbank trade

The rupee commenced the new fiscal year 2012-13 on a firm note against dollar in the interbank market on Tuesday, it, however fell slightly on the open market, dealers said. The national currency showed no change against dollar for buying and selling at 9
Published 04 Jul, 2012 12:00am
Some protesting young doctors resume duties

Some protesting young doctors resume duties

About 92 young doctors resumed their duties following the Punjab government's crackdown against the YDA leadership, while the death toll on account of non-availability of medical treatment has reached 12. According to reports reaching here, as many as 92
Published 04 Jul, 2012 12:00am
THE RUPEE: firm trend in interbank trade

THE RUPEE: firm trend in interbank trade

The rupee commenced the new fiscal year 2012-13 on a firm note against dollar in the interbank market on Tuesday, it, however fell slightly on the open market, dealers said. The national currency showed no change against dollar for buying and selling at 9
Published 04 Jul, 2012 12:00am
IMF warns US against cutting deficit too fast

IMF warns US against cutting deficit too fast

The International Monetary Fund on Tuesday pared its growth forecast for the US economy and warned that the Obama administration could be slicing the deficit too fast for the weak economy. It also said the economy was under threat from the pre-programmed
Published 04 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (July 03, 2012).
Published 04 Jul, 2012 12:00am
IMF warns US against cutting deficit too fast

IMF warns US against cutting deficit too fast

The International Monetary Fund on Tuesday pared its growth forecast for the US economy and warned that the Obama administration could be slicing the deficit too fast for the weak economy. It also said the economy was under threat from the pre-programmed
Published 04 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (July 03, 2012).
Published 04 Jul, 2012 12:00am
IMF warns US against cutting deficit too fast

IMF warns US against cutting deficit too fast

The International Monetary Fund on Tuesday pared its growth forecast for the US economy and warned that the Obama administration could be slicing the deficit too fast for the weak economy. It also said the economy was under threat from the pre-programmed
Published 04 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (July 03, 2012).
Published 04 Jul, 2012 12:00am
Dual nationality: membership of PML-N MNA from Gujrat suspended

Dual nationality: membership of PML-N MNA from Gujrat suspended

while resuming the hearing of a dual nationality case on Tuesday, the apex court suspended the membership of another PML-N parliamentarian. The membership of PML-N MNA Malik Jamil Awan was suspended for holding the nationality of Holland. He was elected M
Published 04 Jul, 2012 12:00am
Dual nationality: membership of PML-N MNA from Gujrat suspended

Dual nationality: membership of PML-N MNA from Gujrat suspended

while resuming the hearing of a dual nationality case on Tuesday, the apex court suspended the membership of another PML-N parliamentarian. The membership of PML-N MNA Malik Jamil Awan was suspended for holding the nationality of Holland. He was elected M
Published 04 Jul, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (July 03, 2012).
Published 04 Jul, 2012 12:00am
Diamond quits as Barclays CEO

Diamond quits as Barclays CEO

Barclays chief executive Bob Diamond resigned on Tuesday, followed a few hours later by the bank''s chief operating officer, in a deepening scandal over the rigging of a key global interest rate. The latest resignations took to three the number of senior
Published 04 Jul, 2012 12:00am
Diamond quits as Barclays CEO

Diamond quits as Barclays CEO

Barclays chief executive Bob Diamond resigned on Tuesday, followed a few hours later by the bank's chief operating officer, in a deepening scandal over the rigging of a key global interest rate. The latest resignations took to three the number of senior B
Published 04 Jul, 2012 12:00am
Diamond quits as Barclays CEO

Diamond quits as Barclays CEO

Barclays chief executive Bob Diamond resigned on Tuesday, followed a few hours later by the bank's chief operating officer, in a deepening scandal over the rigging of a key global interest rate. The latest resignations took to three the number of senior B
Published 04 Jul, 2012 12:00am
FBR enhances Inland Revenue Commissioners'' powers

FBR enhances Inland Revenue Commissioners'' powers

The Federal Board of Revenue (FBR) has exceptionally enhanced the discretionary powers of the Commissioners of Inland Revenue (IR) for suspending the sales tax registrations of the persons, who have issued fake sales tax invoices, without issuance of any
Published 04 Jul, 2012 12:00am
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