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Print - 2012-07-05
Bangladeshi 'death squad' tortures mutiny suspects

Bangladeshi 'death squad' tortures mutiny suspects

Human Rights Watch (HRW) on Wednesday accused Bangladesh of torturing and killing paramilitary soldiers accused of involvement in a 2009 mutiny, the latest in a string of complaints against the country's feared special police force. HRW said the Rapid Act
Published 05 Jul, 2012 12:00am
11 killed in Iraq attacks

11 killed in Iraq attacks

A car bomb blamed on al Qaeda at a market in central Iraq killed eight people on Wednesday and three others were murdered in Baghdad, the latest in a spike in unrest ahead of Shia rituals. The violence came a day after a series of attacks across Iraq, the
Published 05 Jul, 2012 12:00am
Palestinians seek international probe of Arafat's death

Palestinians seek international probe of Arafat's death

The Palestinians called on Wednesday for an international probe into veteran leader Yasser Arafat's death after reports he may have been poisoned, raising the possibility of an exhumation. The comments came a day after Al-Jazeera broadcast the results of
Published 05 Jul, 2012 12:00am
European lawmakers reject global anti-piracy deal

European lawmakers reject global anti-piracy deal

The European Parliament rejected a global agreement against copyright theft on Wednesday, handing a victory to protesters who say the legislation would punish people for sharing films and music online. The vote marked the culmination of a two-year battle
Published 05 Jul, 2012 12:00am
ETA member linked to planned Prime Minister attack detained in France

ETA member linked to planned Prime Minister attack detained in France

French police arrested Wednesday a top member of the Basque separatist group ETA wanted in connection with a planned missile attack on then Spanish prime minister Jose Maria Aznar in 2001, officials said. Juan Maria Mugica was detained near the city of Pa
Published 05 Jul, 2012 12:00am
Power cuts spark protests in New Delhi

Power cuts spark protests in New Delhi

Power cuts lasting up to eight hours a day have sparked protests in industrial towns on the outskirts of the Indian capital, with residents blocking traffic, burning tyres and throwing stones. New Delhi has been sweltering in the hottest summer in years -
Published 05 Jul, 2012 12:00am
Five killed in German hostage standoff

Five killed in German hostage standoff

Five people were shot dead after a gunman facing eviction seized hostages in an apartment in the southern German city of Karlsruhe on Wednesday, police said. The gunman, who possessed several hunting rifles, was thought to be among the dead, officers adde
Published 05 Jul, 2012 12:00am
USDA slashes corn and soyabean condition ratings

USDA slashes corn and soyabean condition ratings

Extreme hot and dry weather has taken a toll on the US corn and soyabean crops with the US Department of Agriculture (USDA) on Monday slashing its condition rating for US corn to 48 percent good-to-excellent, down 8 percentage points from a week earlier.
Published 05 Jul, 2012 12:00am
Shanghai copper eases

Shanghai copper eases

The most-active October copper contract on the Shanghai Futures Exchange eased 0.2 percent to close at 55,970 yuan ($8,800) per tonne on Wednesday, also after touching a seven-week high in the previous session. "It's a natural technical correction after t
Published 05 Jul, 2012 12:00am
Copper slips from seven-week highs

Copper slips from seven-week highs

Copper fell on Wednesday from a 7-week peak hit the previous session as the dollar rose and investors locked in recent gains ahead of expected stimulus from central banks to revive a faltering global economy that has dented demand for metals. Three-month
Published 05 Jul, 2012 12:00am
Oil slides below $100, focus on grim economy

Oil slides below $100, focus on grim economy

Benchmark oil prices fell back below $100 a barrel on Wednesday, after a sharp gain the previous day, as new evidence of grim economic conditions in Europe offset expectations of fresh stimulus measures. One day after surging more than 3 percent amid one
Published 05 Jul, 2012 12:00am
Tokyo rubber futures jump

Tokyo rubber futures jump

Tokyo rubber futures jumped 3.3 percent to a two-week intraday high on Wednesday on the back of firmer oil prices and surprisingly strong US June auto sales, but market players remained cautious ahead of the EU central bank's policy meeting on Thursday. T
Published 05 Jul, 2012 12:00am
Corn rally rages

Corn rally rages

Relentless heat in the key US corn- and soyabean-growing areas drove benchmark Chicago corn futures higher on Tuesday, marking the golden grain's biggest eight-day advance in 3-1/2 years as drought brought worries about world grain supplies. Soyabean pric
Published 05 Jul, 2012 12:00am
Palm oil slips

Palm oil slips

Malaysian crude palm oil futures edged lower on Wednesday, off a five-week high, as traders booked profits from a weather-fuelled rally that had boosted prices by more than 3 percent this week. Traders took cues from the US Department of Agriculture (USDA
Published 05 Jul, 2012 12:00am
Liffe sugar sets near three-month high

Liffe sugar sets near three-month high

White sugar futures on Liffe rose to their highest level in nearly three months on Wednesday, buoyed by delays to shipments from top producer Brazil, while cocoa slipped from the prior session's five-month peak due to origin selling. Robusta coffee future
Published 05 Jul, 2012 12:00am
Indonesia to target zero rice imports

Indonesia to target zero rice imports

Indonesia is unlikely to import rice in 2012 and is forecast to have a 5.5 million tonne surplus of the staple by the end of the year, the state rice procurement agency, Bulog, said on Wednesday. Indonesia's unmilled rice production is forecast to rise 4.
Published 05 Jul, 2012 12:00am
Gold moves up in New York

Gold moves up in New York

Gold prices rose 1.5 percent to a two-week high 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 buying beca
Published 05 Jul, 2012 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold hovered near a two-week high on Wednesday, helped by hopes central banks will ease monetary policy in a bid to nurture a fragile recovery in the global economy. Spot gold was little changed at $1,616.79 an ounce by 0646 GMT, after rising more than 4
Published 05 Jul, 2012 12:00am
Gold steadies, nearing highest in two weeks

Gold steadies, nearing highest in two weeks

Gold steadied near a two-week high on Wednesday after jumping 4 percent in the past three days, with investors keeping their powder dry ahead of an expected European Central Bank rate cut and pivotal US jobs data. With trading subdued by the US Independen
Published 05 Jul, 2012 12:00am
There lies an excellent investment opportunity: BMA

There lies an excellent investment opportunity: BMA

Muddassar Malik, co-founder, CEO and Executive Vice Chairman of BMA Funds, was invited to represent Pakistan and emerging markets at Euromoney's flagship annual conference, the "Global Borrowers and Investor Forum", held in London last week. The Euromoney
Published 05 Jul, 2012 12:00am
There lies an excellent investment opportunity: BMA

There lies an excellent investment opportunity: BMA

Muddassar Malik, co-founder, CEO and Executive Vice Chairman of BMA Funds, was invited to represent Pakistan and emerging markets at Euromoney's flagship annual conference, the "Global Borrowers and Investor Forum", held in London last week. The Euromoney
Published 05 Jul, 2012 12:00am
Samba Bank's ratings upgraded

Samba Bank's ratings upgraded

JCR-VIS Credit Rating Company Limited has upgraded the medium to long-term entity ratings of Samba Bank Limited (SBL) from 'A+ to AA-' (A Plus to AA minus) and reaffirmed its short-term rating at 'A-1' (A-One). Outlook on the assigned ratings is 'Stable'.
Published 05 Jul, 2012 12:00am
Samba Bank's ratings upgraded

Samba Bank's ratings upgraded

JCR-VIS Credit Rating Company Limited has upgraded the medium to long-term entity ratings of Samba Bank Limited (SBL) from 'A+ to AA-' (A Plus to AA minus) and reaffirmed its short-term rating at 'A-1' (A-One). Outlook on the assigned ratings is 'Stable'.
Published 05 Jul, 2012 12:00am
Pacra maintains PAIR Investment's ratings

Pacra maintains PAIR Investment's ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of PAIR Investment Company Limited at "AA-" (Double A Minus) and "A1+" (A One Plus) respectively. Meanwhile, a "Positive Outlook" has been assigned to the
Published 05 Jul, 2012 12:00am
Pacra maintains PAIR Investment's ratings

Pacra maintains PAIR Investment's ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of PAIR Investment Company Limited at "AA-" (Double A Minus) and "A1+" (A One Plus) respectively. Meanwhile, a "Positive Outlook" has been assigned to the
Published 05 Jul, 2012 12:00am
Exams postponed after clash: students facing a crisis-like situation

Exams postponed after clash: students facing a crisis-like situation

The postponement of examinations for a week at the Federal Urdu University Science and Technology (FUUAST) following clashes between two political groups has created serious crisis for students as the university's administration fails to take any action t
Published 05 Jul, 2012 12:00am
Ibad will inaugurate Urs of Shahbaz Qalandar

Ibad will inaugurate Urs of Shahbaz Qalandar

The Deputy Commissioner Jamshoro Agha Sohail Pathan who was also the Chairman of Lal Shahbaz Mella Committee informed that Sindh Governor Dr Ishratul Ibad would inaugurate 760th 3-day Annual Urs celebrations of Hazrat Lal Shahbaz Qalandar (RA) which to be
Published 05 Jul, 2012 12:00am
Security reasons: KESC shifts BOC Shamsi

Security reasons: KESC shifts BOC Shamsi

Karachi Electric Supply Company has shifted away its operations and maintenance services from BOC Shamsi, Shah Faisal Colony, following a series of attacks and threats from unruly mobsters made it impossible for the employees to function. BOC Shamsi has t
Published 05 Jul, 2012 12:00am
Lyari gangsters, contract killer among seven held

Lyari gangsters, contract killer among seven held

Law-enforcement agencies on Wednesday claimed they have arrested seven criminals, including four Lyari gangsters and a killer for hire, in separate raids at various parts of the Sindh metropolis. According to SSP Chaudhry Aslam, a team of Crime Investigat
Published 05 Jul, 2012 12:00am
Condolence

Condolence

Chairman PCB Muhammad Zaka Ashraf, Chairperson PCB Women Wing Bushra Aitazaz, PCB COO Subhan Ahmed and PCB management have condoled the sad demise of Hanif Muhammad, former PCB Grade-1 Panel Umpire. PCB management has expressed deep sense of sorrow on the
Published 05 Jul, 2012 12:00am
CAAWA opens boutique

CAAWA opens boutique

Mrs Zareen Khan Yousufzai, Chairperson of Civil Aviation Authority Women's Association (CAAWA) inaugurated a female boutique at CAA institute Idara-i-Hunar-o-Danish on Wednesday. The institute has offered free make-up for poor brides, it situated at Karac
Published 05 Jul, 2012 12:00am
This is not an unconditional apology: Imran

This is not an unconditional apology: Imran

Rejecting the resumption of Nato supply line from Pakistan to Afghanistan, Pakistan Tahreek-e-Insaf Chairman Imran on Wednesday said the government had bypassed the parliamentary resolution while taking this decision. He expressed these views while addres
Published 05 Jul, 2012 12:00am
JI denounces decision

JI denounces decision

Ameer, Jamaat e Islami, Pakistan, Syed Munawar Hassan, has strongly condemned the restoration of Nato supplies and said that the rulers had put a seal on the document of their slavery. He said that while the government had strengthened the enemies of Isla
Published 05 Jul, 2012 12:00am
Fuel transporters, crew members cheerful

Fuel transporters, crew members cheerful

Financially fragile transporters and crew manning their vehicles were euphoric on Wednesday after hearing the news regarding the resumption of Nato supplies immediately turned, feasting and celebrating, saying that their monetary ordeals were finally ende
Published 05 Jul, 2012 12:00am
PTI, UCF hold protest demonstration

PTI, UCF hold protest demonstration

Activists of Tehreek-i-Insaf and United Citizen Front (UCF) on Wednesday staged a demonstration and burnt flags of United States and Nato in front of cardiology institute against the restoration of Nato supply of the terms and condition of US. The demo wa
Published 05 Jul, 2012 12:00am
Musharraf supports decision

Musharraf supports decision

President of All Pakistan Muslim League (APML) General Pervez Musharraf (Retd) has said that reopening of Nato supply is in favour of Pakistan. He said this in a press statement issued from the Central Information Secretariat of the Party here on Wednesda
Published 05 Jul, 2012 12:00am
Malik to hold meeting with contractors

Malik to hold meeting with contractors

Advisor to Prime Minister on Interior Rehman Malik is holding a key meeting with contractors supplying oil and other cargoes to Nato forces in Afghanistan here on Thursday to draw future line of action for security of fuel and cargo supplies to Afghanista
Published 05 Jul, 2012 12:00am
PTI tribal leader flays government decision

PTI tribal leader flays government decision

The leader of Pakistan Tehreek-e-Insaf (PTI) from FATA criticised the government for reopening the Nato supply routes and warned that it would further deteriorate law and order situation in the tribal region. Addressing a news conference here at Peshawar
Published 05 Jul, 2012 12:00am
Release of containers: FBR tells field formations to make preparations

Release of containers: FBR tells field formations to make preparations

The Federal Board of Revenue has issued instructions to the field formations to make preparations for the release of the Nato/Isaf containers destined for Afghanistan, it is learnt. Sources said here on Wednesday that the government has not imposed any tr
Published 05 Jul, 2012 12:00am
Students hold demonstration

Students hold demonstration

Activists of different students' federation and organisations on Wednesday held a protest demonstration against the reopening of Nato supplies routes, announced to launch an agitation movement in this regard. A large number of students activists led by Na
Published 05 Jul, 2012 12:00am
PML-N to discuss situation today

PML-N to discuss situation today

Leaders of Pakistan Muslim League-Nawaz (PML-N) will hold a meeting in Islamabad on Thursday (today) to take stock of the situation arising out of government's decision to reopen Nato supply routes. The meeting has been convened on the directions of PML-N
Published 05 Jul, 2012 12:00am
Decision should be according to resolution: PML-N senator

Decision should be according to resolution: PML-N senator

Senator Pervaiz Rashid has said that we will support the restoration of Nato supply, if it is done in accordance with the parliamentary resolution, however, if it is not in accordance with the unanimous resolution passed by the parliament, Nato supply res
Published 05 Jul, 2012 12:00am
Dictatorial rule of Zia: PPP to observe 'black day' today

Dictatorial rule of Zia: PPP to observe 'black day' today

Local leadership of Pakistan People's Party (PPP) has finalised all arrangements to observe July 5 as "Black Day" in protest of the infamous dictatorial rule imposed by Zia-ul-Haq in 1977, toppling the democratically elected government. Zia had ousted the
Published 05 Jul, 2012 12:00am
Reduction in POL prices no big relief?

Reduction in POL prices no big relief?

The benefits of the recent decrease in petroleum product prices have not been passed onto the common man due to lack of co-ordination between the centre and the provinces, Professor Khurshid Ahmed, former Senator, told Business Recorder.
Published 05 Jul, 2012 12:00am
PTA holds workshop

PTA holds workshop

Pakistan Telecommunication Authority (PTA) Chairman Dr Mohammed Yaseen has said that agriculture is the backbone of Pakistan's economy, as it accounts for 21 percent of national income, employs 45 percent of the country's total workforce and provides live
Published 05 Jul, 2012 12:00am
Rs 371 billion revenue target: FBR hails LTU Islamabad's performance

Rs 371 billion revenue target: FBR hails LTU Islamabad's performance

The Federal Board of Revenue has highly appreciated the performance of the Large Taxpayers Unit (LTU) Islamabad for surpassing the revenue collection target of Rs 371 billion for 2011-12, which enabled the board to surpass the psychological barrier of Rs
Published 05 Jul, 2012 12:00am
Prime Minister's focus on energy offers nothing to masses: PEW

Prime Minister's focus on energy offers nothing to masses: PEW

The Pakistan Economy Watch (PEW) on Wednesday said Prime Minister Raja Pervez Ashraf's renewed focus on energy offered nothing to the masses. The first meeting that Raja Pervaiz Ashraf chaired after assuming the charge as the Prime Minister was to resolve
Published 05 Jul, 2012 12:00am
Jica to spend Rs 986 million for development projects

Jica to spend Rs 986 million for development projects

International Donor Agency of Japan Jica is providing financial assistance to improve the financial position of Wasa Faisalabad and water supply and sewerage system of the industrial city. Jica will also provide technical assistance for implementation of
Published 05 Jul, 2012 12:00am
EOBI clarification

EOBI clarification

The news item "NAB initiates probe into Bahria Town, EOBI land deal" carried by Business Recorder on July 4 is factually inaccurate and creates the impression that EOBI is involved in any fishy deal with Bahria Town.
Published 05 Jul, 2012 12:00am
Shab-e-Baraat today

Shab-e-Baraat today

The Holy Shab-e-Baraat, the night of reverence and fervour and divine blessings for the Muslims, would be observed on Thursday night (today). The Shab-e-Baraat is the night of blessings and worship of the Allah, the 15th night of Shaban, eighth month of t
Published 05 Jul, 2012 12:00am
'Free Aafia' post card campaign launched

'Free Aafia' post card campaign launched

On behalf of the Aafia movement and the world-wide global free Aafia campaign, Dr Fowzia Siddiqui wishes the American people a very happy 4th of July. On this day of freedom celebrations she reminded the people and the leaders of America values of peace,
Published 05 Jul, 2012 12:00am
China backs Pakistan

China backs Pakistan

China fully stands by Pakistan on its stance on Nato supply and the question of sovereignty and territorial integrity, extending all possible diplomatic support on war on terror. "We also highly appreciate Pakistan's position on Nato's supply to Afghanist
Published 05 Jul, 2012 12:00am
Researchers must set guidelines for future scholars: vice chancellor SU

Researchers must set guidelines for future scholars: vice chancellor SU

Vice Chancellor University of Sindh Professor Dr Nazir A.Mughal has said that the research scholars must set guide line in research for future scholars so that they can follow the same parameters in their research work. He was presiding final Ph.D seminar
Published 05 Jul, 2012 12:00am
Ufone becomes only teleco to follow ISO 9001:2008

Ufone becomes only teleco to follow ISO 9001:2008

In the quest for excellence in the field of Quality Assurance, Ufone has formed a Quality Management System (QMS) within its Technical Department; the structure of which is based on ISO 9001:2008 standards. The scope of ISO 9001:2008 covers services for d
Published 05 Jul, 2012 12:00am
Five persons lose lives in Karachi

Five persons lose lives in Karachi

Five more lives were lost in incidents of violence on Wednesday. According to police and rescue sources, a body was found with strangulation marks from a warehouse in Sher Mohammad Brohi Goth in Surjani police remits. The body was shifted to Abbasi Shahee
Published 05 Jul, 2012 12:00am
Sweden's envoy visits '90'

Sweden's envoy visits '90'

Sweden's ambassador to Pakistan, Lars Hjalmar Wide, on Wednesday, visited the Muttahida Qaumi Movement's founder and leader Altaf Hussain's Azizabad residence `90' on Wednesday and met the MQM Co-ordination Committee members Kunwar Naveed Jameel, Kanwar K
Published 05 Jul, 2012 12:00am
Missing Balochistan journalist reaches home

Missing Balochistan journalist reaches home

The former president of Mashkail Press Club and missing journalist Wazir Raiki reached home on Wednesday. According to details, Wazir Raiki, who went missing on November 24, 2011 was set free and dropped near his home by the captors. He reunited with his
Published 05 Jul, 2012 12:00am
Secretary TDAP likely to get another extension

Secretary TDAP likely to get another extension

Despite a Supreme Court of Pakistan directive against rehiring of retired officials in public sector organisations, Ministry of Commerce has reportedly sent a summary to Prime Minister Secretariat to give another extension to secretary Trade Development A
Published 05 Jul, 2012 12:00am
FAP terminal introduces new benchmark in cargo operations

FAP terminal introduces new benchmark in cargo operations

Fauji Akbar Portia (FAP) terminal introduced a new benchmark in cargo operations, when it delivered an appreciable excess quantity of 567 metric tons of urea in sound conditions to Trading Corporation of Pakistan (TCP) and National Fertiliser Marketing Li
Published 05 Jul, 2012 12:00am
Energy crisis: MoTI finalises recommendations

Energy crisis: MoTI finalises recommendations

The ministry of textile industry has finalised recommendations for saving textile sector from negative impact of power and gas loadshedding, seeking complete exemption from loadshedding, freezing power tariff for at least six months and changing rates of
Published 05 Jul, 2012 12:00am
High cost of timber hits furniture markets

High cost of timber hits furniture markets

Furniture manufactures are facing manifold problems and challenges due to high cost of wood as well as non-availability of quality wood in required quantity. A survey of furniture markets revealed that there were only a few buyers of furniture although we
Published 05 Jul, 2012 12:00am
Justice Bokhari rejects PAC report

Justice Bokhari rejects PAC report

Former Supreme Court Judge, Justice Syed Zahid Hussain Bokhari, in his letter to Chairman Public Accounts Committee (PAC) of the National Assembly, said he hadn't got any plot in Islamabad. Refuting the list issued by PAC of those judges who were given mo
Published 05 Jul, 2012 12:00am
CJP urges lawyers to ensure speedy justice

CJP urges lawyers to ensure speedy justice

Chief Justice Iftikhar Muhammad Chaudhary on Wednesday urged the lawyer's fraternity to try their best to plead the cases of litigants efficiently for providing them inexpensive and speedy justice. He expressed these views during a meeting with a 10-membe
Published 05 Jul, 2012 12:00am
Seminar

Seminar

Compressed air generation accounts for approximately 10 percent of all the electricity used in industry. This was stated by Chairman SITE Association of Trade and Industry Mohammad Irfan Moton while speaking at a seminar held at the association to highlig
Published 05 Jul, 2012 12:00am
Cement sector remained under financial pressure in fiscal year 2012

Cement sector remained under financial pressure in fiscal year 2012

Cement sector remained under financial pressure during the fiscal year 2011-12 due to increase in its input cost mainly, electricity, diesel, paper sack, gypsum and devaluation in Pak rupee. However, for the year 2011-2012, the industry's local cement dis
Published 05 Jul, 2012 12:00am
Ministry moves towards reducing price of drug

Ministry moves towards reducing price of drug

The Ministry of National Regulation and Services Pharmaceutical companies has decided to reduce the price of Interferon, a drug used as anti-hepatitis, from Rs 13,000 to Rs 6,500 in the meeting of Pricing Committee held here on July 13 while 10 local phar
Published 05 Jul, 2012 12:00am
Two die as vehicle turns turtle

Two die as vehicle turns turtle

At least two persons were killed when a vehicle turned turtle on Super Highway on Wednesday. According to police and rescue sources, the incident took place at Dumba Goth where a vehicle overturned, due to over speeding that left two persons namely Zahoor
Published 05 Jul, 2012 12:00am
NGO's woman worker shot dead

NGO's woman worker shot dead

A female worker of a non-governmental organisation, Farida Afridi was shot dead by unknown armed men in Jamrud tehsil of Khyber Agency on Wednesday, said political authorities. Farida Afridi, working at NGO SAWAIRA, a non-profit organisation was on way to
Published 05 Jul, 2012 12:00am
Irrigation department starts issuing flood reports

Irrigation department starts issuing flood reports

The Sindh Irrigation Department on Wednesday started issuing flood situation reports, detailing the flow of water in various rivers. It said that River Indus was flowing normally at Guddu, Sukkur and Kotri barrages, adding that it would remain in normal f
Published 05 Jul, 2012 12:00am
Monsoon rains from next week

Monsoon rains from next week

The met office on Wednesday said monsoon rain is expected to delay till the second week of July because of change in the weather pattern. It observed that the pace of penetrating monsoon currents in Pakistan is slower than the normal pattern. Therefore, a
Published 05 Jul, 2012 12:00am
14 faint as mercury rises to 49°C in Balochistan

14 faint as mercury rises to 49°C in Balochistan

At least 14 people fainted in different areas of the province due to scorching heat wave. Reports reaching here on Wednesday said that 10 people fainted in Dera Murad Jamali and four in Sibi after the Mercury rose to 49°C on Tuesday. The 20-hour prolonged
Published 05 Jul, 2012 12:00am
PIEDMC board approves Rs 1,952 million budget for 2012-13

PIEDMC board approves Rs 1,952 million budget for 2012-13

The Board of Directors of Punjab Industrial Estates Development and Management Company (PIEDMC) has approved annual budget of Rs 1952 million for the financial year 2012-13 including Rs 1740 million for the development work in five industrial estates in t
Published 05 Jul, 2012 12:00am
PIAF urges government to utilise coal for more electricity

PIAF urges government to utilise coal for more electricity

Pakistan and Industrial Traders Associations Front (PIAF) has urged the government to utilise coal to generate electricity, as the energy situation is worsening with every passing day thus pushing the economy to the wall.
Published 05 Jul, 2012 12:00am
CFA Society announces ninth Annual Excellence Awards

CFA Society announces ninth Annual Excellence Awards

CFA Society Pakistan has announced 9th Annual Excellence Awards at a ceremony held at a local hotel here on Wednesday. As many as thirteen awards were announced for the different categories. Governor State Bank of Pakistan (SBP) Yasin Anwar gave these awa
Published 05 Jul, 2012 12:00am
Minister for resolving agriculture growers' issues on priority basis

Minister for resolving agriculture growers' issues on priority basis

Punjab Minister for Agriculture Malik Ahmad Ali has stressed the need for resolving the issues being faced by the growers on priority basis. He said agriculture is the backbone of the national economy and prosperity of the farmers will lead to prosperity
Published 05 Jul, 2012 12:00am
Water inflow in four rivers increases

Water inflow in four rivers increases

Water inflow in four live rivers of the country Indus, Kabul, Jhelum and Chenab continues to increase since beginning of this month. According to Flood Forecasting Centre report, inflow in river Indus increased to 1,96.000 cusecs on Wednesday against Sund
Published 05 Jul, 2012 12:00am
Protective bail to four accused granted

Protective bail to four accused granted

A division bench of the Lahore High Court on Wednesday granted protective bail to four accused persons Ghulam Haider and others involved in session court shootout case till July 6. The petitioners pleaded that they had no connection with the incident took
Published 05 Jul, 2012 12:00am
LRMIS implementation would eradicate corrupt revenue system: Shahbaz

LRMIS implementation would eradicate corrupt revenue system: Shahbaz

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that Punjab government is utilising all resources for alleviating the grievances of less-fortunate segment of the society. He said that implementation of the revolutionary project of Land Record Mana
Published 05 Jul, 2012 12:00am
Judicial officers' transferred

Judicial officers' transferred

The Chief Justice of Lahore High Court here Tuesday placed services of District and Sessions Judge Ms Uzma Akhtar Chughtai, at the disposal of Punjab government for her posting as Presiding Officer, Child Protection Court, Lahore.
Published 05 Jul, 2012 12:00am
FBR failed to meet revenue target for 2011-12: LTBA President

FBR failed to meet revenue target for 2011-12: LTBA President

President, Lahore Tax Bar Association (LTBA), Zahid Attiq Chaudhry has claimed that the Federal Board of Revenue (FBR) has failed to meet its revenue collection target of Rs 1952 billion for the year 2011-12, despite using all tactics.
Published 05 Jul, 2012 12:00am
CNG stations' closure notice

CNG stations' closure notice

Sui Southern Gas Company has announced that all CNG stations in Sindh province will remain closed for 24 hours from 09:00am on Thursday. "The SSGC is receiving less gas due to the sudden breakdown at Bhit Gas Field", the SSGC's spokesperson said. "All the
Published 05 Jul, 2012 12:00am
IMF's Lagarde warns US of fiscal cliff, tepid growth

IMF's Lagarde warns US of fiscal cliff, tepid growth

The International Monetary Fund warned the United States against drastic cuts in its 2013 budget and said the "tepid" recovery of the world's largest economy is endangered by the eurozone crisis. Uncertainty over looming across-the-board automatic budget
Published 05 Jul, 2012 12:00am
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