News Archives for Print - 2012-07-08

Sindh Assembly to enact law to protect Hindu community: chief minister

Sindh Chief Minister Syed Qaim Ali Shah has said a law would be passed in the provincial assembly to protect the Hindu community. He was talking to notables, traders, and party office bearers after a cabinet meeting here on Saturday.

Published 08 Jul, 2012 12:00am

US urged to adopt balanced policy on Pakistan

An American expert on South Asia urged the US to devise a long-term strategy that would balance American security requirements with Pakistan's development needs as pressure would no longer work on Islamabad. "Open conflict with Pakistan was not an option.

Published 08 Jul, 2012 12:00am

Death toll from drone attack rises to 20

The death toll from a drone strike in north-eastern Pakistan has risen to 20, Pakistani intelligence officials said on Saturday. Twelve people were originally reported dead in Friday's strike on a compound in the Dhattakel region in North Waziristan.

Published 08 Jul, 2012 12:00am

Death condoled

Sarmad Ali President and Masood Hamid, Secretary General of the All Pakistan Newspapers Society have expressed their profound grief on behalf of the Office Bearers and the Executive Committee of the Society over the sad demise of the wife of Dr Tanvir A.

Published 08 Jul, 2012 12:00am

Encroachments on graveyards to be removed

On the orders of the Peshawar High Court (PHC), the Department of Revenue, Khyber Pakhtunkhwa has announced preventive measures for removing encroachments on graveyards in the district Malakand. According to a notification issued here by the department he

Published 08 Jul, 2012 12:00am

More rain forecast for various areas

Pakistan Meteorological Department (PMD) on Saturday forecast rain/dust-thunderstorm at scattered place of Khyber-Pakhtunkhwa (Malakand, Hazara, Peshawar, Kohat, Bannu, D.I.Khan divisions) Upper/central Punjab (Islamabad/Rawalpindi, Gujranwala, Lahore, Sa

Published 08 Jul, 2012 12:00am

Malik orders to nab human traffickers within three days

Senior advisor to Prime Minister on Interior Rehman Malik on Saturday took serious notice of the killings of illegal immigrants in Turbat and directed the Federal Investigation Agency (FIA) to apprehend the human traffickers within the next three days.

Published 08 Jul, 2012 12:00am

Fiscal year 2011-12: Rupee over nine percent down versus dollar

During the last fiscal year, 2011-12, the rupee lost over nine percent versus dollar owing to payment of dues, local and international and money spent on projects in hand. It is felt that the rupee came down sharply in relation to dollar because of poor e

Published 08 Jul, 2012 12:00am

Multan bye-polls: PTI not openly supporting Shaukat Bosan

Pakistan Tehreek-e-Insaf (PTI) is still not openly supporting Shaukat Bosan, younger brother of party senior leader Sikandar Hayat Khan Bosan against Abdul Qadir Gilani in NA-151, Multan bye-elections while PML-N is vying for making its place in the heart

Published 08 Jul, 2012 12:00am

DCO appoints district officer to monitor Ramazan Bazaars

District Co-ordination Officer (DCO) Lahore Noor-ul-Amin Mengal on Saturday appointed District Officer (Monitoring) Amin Akbar Chopra as focal person for monitoring Ramzan Bazaars, which are being organised in the Holy month of Ramzan.

Published 08 Jul, 2012 12:00am

Committee formed to ensure transporters' security

The IG Sindh has constituted a two-member committee to check the security matters of the Nato transporters in the province, said transporters here on Saturday. They said the IG has formed a committee which will meet periodically to assess the security iss

Published 08 Jul, 2012 12:00am

Turbat tragedy: victims' bodies dispatched to Karachi

The bodies of eighteen persons, who were gunned down in Turbat on Friday night, have been dispatched to Karachi, Levis officials said on Saturday. The officials said that gunmen had shot killed 18 persons while they were having dinner at a roadside restau

Published 08 Jul, 2012 12:00am

Importance of scientific knowledge stressed

Dr Ansar Parvez, Chairman, Pakistan Atomic Energy Commission (PAEC) stressed the need for converting and focusing the scientific knowledge towards the socio-economic needs and this is especially more relevant for the direly needed development and prosperi

Published 08 Jul, 2012 12:00am

Timescale formula: demand for promotions of college teachers rejected

A long-standing demand of the Sindh Professors and Lecturers Association (SPLA) for promotions of colleges' teachers under timescale formula has been turned down by authorities concerned, it is learnt. The SPLA has been demanding for promotions of teacher

Published 08 Jul, 2012 12:00am

Restoration of Nato supply routes: JUI-F takes stock of situation

JUI-F Khyber Pakhtunkhwa has expressed strong reaction to the restoration of the Nato supply routes. The party said it tantamount to the insult of the parliament and result of the pressure of United States. This was stated by Provincial Secretary Informat

Published 08 Jul, 2012 12:00am

TDAP CE: PBEA seeks appointment of professional

Pakistan Bedwear Exporters Association (PBEA) has while welcoming the removal of Tariq Iqbal Puri as Chief Executive of Trade Development Authority of Pakistan (TDAP) demanded appointment of "a committed professional" to head the body.

Published 08 Jul, 2012 12:00am

Textile industry not impressed by revival of Pak-US ties

Neither market access nor Reconstruction Opportunity Zones (ROZs), the textile industry is heavily dismayed over revival of Pak-US relations. Industry calls it a failure of the Foreign Office, as it's unable to convince US, for 'trade, not aid', in respon

Published 08 Jul, 2012 12:00am

Seminar on 'Blend of Contemporary and Religious Education' held

In order to put into practice Islamic banking and Islamic financial system only 5 percent work has been done in the country so far while 95 percent work is yet to be completed, Director Education, Jamiatur Rasheed Abdul Aziz Raja and Mufti Irshad Ahmed sa

Published 08 Jul, 2012 12:00am

First-ever 'Dolphin Show' to be held in Karachi in October

The international dolphin show with the co-operation of Pakistan Navy will be held for the citizens of Karachi in October, this was stated by Commander Karachi, Pakistan Navy Rear Admiral Khawja Ghazanfar Hussain SI (M) and Mustafa Kamal, CEO of Talent Br

Published 08 Jul, 2012 12:00am

SED refund claims: exporters seek another extension

The one-time 90 days extension granted to exporters by the Federal Board of Revenue (FBR) for submission of Special Excise Duty (SED) refund claims expired on June 30, 2012 and another extension is immediately required due to large number of pending claim

Published 08 Jul, 2012 12:00am

Six injured in Sibi clash

At least six people have been injured in a clash in Chakar road area of Sibi last night. Police said on Saturday two clans of Ghulam Bolak tribe attacked each other with clubs and knives over a money dispute. "As a result, six persons received injuries in

Published 08 Jul, 2012 12:00am

Chairman EOBI praises performance of field staff

Chairman EOBI Zafar Iqbal Gondal praised the performance of EOBI's field staff and said that Employees Old Age Benefits Institution (EOBI) is a welfare organisation and it is doing its level best to bring positive changes in the life of working community

Published 08 Jul, 2012 12:00am

AKF to launch mega project for orphans across country

AL-Khidmat Foundation (AKF) Pakistan is going to launch a mega project for orphans, under which the financial support will be provided to over 10,000 children across the Pakistan. "Al-Khidmat Foundation has started "Orphan Care Program" with the collabora

Published 08 Jul, 2012 12:00am

Net FIPI inflow of $9.4 million recorded

The foreign investors emerged net buyers at the local equity market as a net inflow of $9.4 million of foreign investors portfolio investment (FIPI) was witnessed during the outgoing week ended July 06, 2012. "Improving Pak-US relations invited foreign bu

Published 08 Jul, 2012 12:00am

Net FIPI inflow of $9.4 million recorded

The foreign investors emerged net buyers at the local equity market as a net inflow of $9.4 million of foreign investors portfolio investment (FIPI) was witnessed during the outgoing week ended July 06, 2012. "Improving Pak-US relations invited foreign bu

Published 08 Jul, 2012 12:00am

Net FIPI inflow of $9.4 million recorded

The foreign investors emerged net buyers at the local equity market as a net inflow of $9.4 million of foreign investors portfolio investment (FIPI) was witnessed during the outgoing week ended July 06, 2012. "Improving Pak-US relations invited foreign bu

Published 08 Jul, 2012 12:00am

Net FIPI inflow of $9.4 million recorded

The foreign investors emerged net buyers at the local equity market as a net inflow of $9.4 million of foreign investors portfolio investment (FIPI) was witnessed during the outgoing week ended July 06, 2012. "Improving Pak-US relations invited foreign bu

Published 08 Jul, 2012 12:00am

Taliban publicly execute woman near Kabul

A man Afghan officials say is a member of the Taliban shot dead a woman accused of adultery in front of a crowd near Kabul, a video obtained by Reuters showed, a sign that the austere Islamist group dictates law even near the Afghan capital. In the three-

Published 08 Jul, 2012 12:00am

Taliban publicly execute woman near Kabul

A man Afghan officials say is a member of the Taliban shot dead a woman accused of adultery in front of a crowd near Kabul, a video obtained by Reuters showed, a sign that the austere Islamist group dictates law even near the Afghan capital. In the three-

Published 08 Jul, 2012 12:00am

UBS note deepens UK political row over rate-fixing

A political row in Britain over the fixing of interbank lending rates deepened on Saturday after the publication of confidential advice from UBS to the former Labour government on how to reduce the key Libor rate at the height of the financial crisis in 2

Published 08 Jul, 2012 12:00am

UBS note deepens UK political row over rate-fixing

A political row in Britain over the fixing of interbank lending rates deepened on Saturday after the publication of confidential advice from UBS to the former Labour government on how to reduce the key Libor rate at the height of the financial crisis in 2

Published 08 Jul, 2012 12:00am

UBS note deepens UK political row over rate-fixing

A political row in Britain over the fixing of interbank lending rates deepened on Saturday after the publication of confidential advice from UBS to the former Labour government on how to reduce the key Libor rate at the height of the financial crisis in 2

Published 08 Jul, 2012 12:00am

IB official gunned down

A senior intelligence official was shot dead in FC Area here on Saturday. According to police sources, Qamar Raza Naqvi, Deputy Director Intelligence Bureau (IB), was ambushed by two unidentified assailants in FC Area when he was returning in his car from

Published 08 Jul, 2012 12:00am

IB official gunned down

A senior intelligence official was shot dead in FC Area here on Saturday. According to police sources, Qamar Raza Naqvi, Deputy Director Intelligence Bureau (IB), was ambushed by two unidentified assailants in FC Area when he was returning in his car from

Published 08 Jul, 2012 12:00am

Floods kill 121 in India, displace six million

The death toll from heavy monsoon rains which have caused massive flooding in India's north-east has risen to more than 120, with six million forced to flee their homes, officials said Saturday. The weather office forecast that more rains during the next

Published 08 Jul, 2012 12:00am

Floods kill 121 in India, displace six million

The death toll from heavy monsoon rains which have caused massive flooding in India's north-east has risen to more than 120, with six million forced to flee their homes, officials said Saturday. The weather office forecast that more rains during the next

Published 08 Jul, 2012 12:00am

Nato supplies: foreign office not very forthcoming about talks with US

The Foreign Office was not forthcoming about the ongoing negotiations with the US over the past seven months after the suspension of the Nato supply route till its resumption on the 3rd of July. Many a time we had to go to the website of the State Departm

Published 08 Jul, 2012 12:00am

Nato supplies: foreign office not very forthcoming about talks with US

The Foreign Office was not forthcoming about the ongoing negotiations with the US over the past seven months after the suspension of the Nato supply route till its resumption on the 3rd of July. Many a time we had to go to the website of the State Departm

Published 08 Jul, 2012 12:00am

Prices of most of essential kitchen items increase

Prices of most of the essential kitchen items including ghee, cocking oil, chicken and some vegetables witnessed increase in the past week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday. Traders

Published 08 Jul, 2012 12:00am

Prices of most of essential kitchen items increase

Prices of most of the essential kitchen items including ghee, cocking oil, chicken and some vegetables witnessed increase in the past week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday. Traders

Published 08 Jul, 2012 12:00am

Prices of most of essential kitchen items increase

Prices of most of the essential kitchen items including ghee, cocking oil, chicken and some vegetables witnessed increase in the past week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday. Traders

Published 08 Jul, 2012 12:00am

Turkmen President sacks minister as wheat crop misses target

Turkmen President Kurbanguly Berdymukhamedov has fired his agriculture minister and a large number of farming officials after the former Soviet country failed to meet its wheat output target, sending bread prices sharply higher. Berdymukhamedov, who enjoy

Published 08 Jul, 2012 12:00am

Turkmen President sacks minister as wheat crop misses target

Turkmen President Kurbanguly Berdymukhamedov has fired his agriculture minister and a large number of farming officials after the former Soviet country failed to meet its wheat output target, sending bread prices sharply higher. Berdymukhamedov, who enjoy

Published 08 Jul, 2012 12:00am

Dr Brohi appointed COO NBP

Noted banker Dr Asif A Borhi has been appointed the Chief Operating Officer (COO) of National Bank of Pakistan (NBP). Dr Brohi has rich experience of banking and administration. Previously, he was serving as Group Chief Commercial & Retail Banking NBP. Dr

Published 08 Jul, 2012 12:00am

Dr Brohi appointed COO NBP

Noted banker Dr Asif A Borhi has been appointed the Chief Operating Officer (COO) of National Bank of Pakistan (NBP). Dr Brohi has rich experience of banking and administration. Previously, he was serving as Group Chief Commercial & Retail Banking NBP. Dr

Published 08 Jul, 2012 12:00am

Dr Brohi appointed COO NBP

Noted banker Dr Asif A Borhi has been appointed the Chief Operating Officer (COO) of National Bank of Pakistan (NBP). Dr Brohi has rich experience of banking and administration. Previously, he was serving as Group Chief Commercial & Retail Banking NBP. Dr

Published 08 Jul, 2012 12:00am

Hearing of some important cases from tomorrow

Supreme Court will take up some highly important cases next week. Chief Justice Iftikhar Muhammad Chaudhry has constituted five benches, including a larger and a special bench, at the principal seat to resume hearing of cases from Monday (July 9).

Published 08 Jul, 2012 12:00am

Hearing of some important cases from tomorrow

Supreme Court will take up some highly important cases next week. Chief Justice Iftikhar Muhammad Chaudhry has constituted five benches, including a larger and a special bench, at the principal seat to resume hearing of cases from Monday (July 9).

Published 08 Jul, 2012 12:00am

''Rs 47 billion tax evasion'' NAB takes action against five cellular companies

Chairman National Accountability Bureau (NAB) took a suo motu action against five cellular companies allegedly involved in massive evasion of sales tax and federal excise duty worth Rs 47 billion. It will also determine the role of officials involved in t

Published 08 Jul, 2012 12:00am

'Rs 47 billion tax evasion' NAB takes action against five cellular companies

Chairman National Accountability Bureau (NAB) took a suo motu action against five cellular companies allegedly involved in massive evasion of sales tax and federal excise duty worth Rs 47 billion. It will also determine the role of officials involved in t

Published 08 Jul, 2012 12:00am

'Rs 47 billion tax evasion' NAB takes action against five cellular companies

Chairman National Accountability Bureau (NAB) took a suo motu action against five cellular companies allegedly involved in massive evasion of sales tax and federal excise duty worth Rs 47 billion. It will also determine the role of officials involved in t

Published 08 Jul, 2012 12:00am

NAB making arrests

National Accountability Bureau (NAB) has, reportedly, started making arrests in Rental Power Plants (RPPs) cases after reaching a conclusion that the contracts were not transparent, well informed sources told Business Recorder. On March 30, 2012, S

Published 08 Jul, 2012 12:00am

NAB making arrests

National Accountability Bureau (NAB) has, reportedly, started making arrests in Rental Power Plants (RPPs) cases after reaching a conclusion that the contracts were not transparent, well informed sources told Business Recorder. On March 30, 2012, S

Published 08 Jul, 2012 12:00am

NAB making arrests

National Accountability Bureau (NAB) has, reportedly, started making arrests in Rental Power Plants (RPPs) cases after reaching a conclusion that the contracts were not transparent, well informed sources told Business Recorder. On March 30, 2012, S

Published 08 Jul, 2012 12:00am

RPP probe: Prime Minister can be asked to appear before inquiry team

According to National Accountability Bureau (NAB), an inquiry about Prime Minister Raja Pervez Ashraf''s role in Rental Power Projects (RPPs) is under way and he can also be summoned to appear before the Bureau. Addressing a press conference, NAB Spokespe

Published 08 Jul, 2012 12:00am

RPP probe: Prime Minister can be asked to appear before inquiry team

According to National Accountability Bureau (NAB), an inquiry about Prime Minister Raja Pervez Ashraf's role in Rental Power Projects (RPPs) is under way and he can also be summoned to appear before the Bureau. Addressing a press conference, NAB Spokesper

Published 08 Jul, 2012 12:00am

RPP probe: Prime Minister can be asked to appear before inquiry team

According to National Accountability Bureau (NAB), an inquiry about Prime Minister Raja Pervez Ashraf's role in Rental Power Projects (RPPs) is under way and he can also be summoned to appear before the Bureau. Addressing a press conference, NAB Spokesper

Published 08 Jul, 2012 12:00am

Syria's fighting spills into Lebanon, five killed

Syria's conflict spilled further into Lebanon on Saturday when mortar fire from President Bashar al-Assad's forces hit villages in the north, killing five people after rebels crossed the border to seek refuge, residents said. Rebels fighting to unseat Ass

Published 08 Jul, 2012 12:00am

Syria's fighting spills into Lebanon, five killed

Syria's conflict spilled further into Lebanon on Saturday when mortar fire from President Bashar al-Assad's forces hit villages in the north, killing five people after rebels crossed the border to seek refuge, residents said. Rebels fighting to unseat Ass

Published 08 Jul, 2012 12:00am

Key economic indicators: three-month-old data presented at ECC meeting

Finance Ministry has reportedly presented three-month-old data of key economic indicators at the recent meeting of the Economic Co-ordination Committee (ECC) of the Cabinet, it was learnt. An official said that a summary for the ECC on July 3 2012 was sub

Published 08 Jul, 2012 12:00am

Key economic indicators: three-month-old data presented at ECC meeting

Finance Ministry has reportedly presented three-month-old data of key economic indicators at the recent meeting of the Economic Co-ordination Committee (ECC) of the Cabinet, it was learnt. An official said that a summary for the ECC on July 3 2012 was sub

Published 08 Jul, 2012 12:00am

Key economic indicators: three-month-old data presented at ECC meeting

Finance Ministry has reportedly presented three-month-old data of key economic indicators at the recent meeting of the Economic Co-ordination Committee (ECC) of the Cabinet, it was learnt. An official said that a summary for the ECC on July 3 2012 was sub

Published 08 Jul, 2012 12:00am

Government may introduce key legislative measures in National Assembly tomorrow

The government is expected to table four bills in the National Assembly including two Constitutional Amendments (21st and 22nd), to increase pension of widows of superior court judges and to provide legal cover to parliamentarians with dual nationality, i

Published 08 Jul, 2012 12:00am

Government may introduce key legislative measures in National Assembly tomorrow

The government is expected to table four bills in the National Assembly including two Constitutional Amendments (21st and 22nd), to increase pension of widows of superior court judges and to provide legal cover to parliamentarians with dual nationality, i

Published 08 Jul, 2012 12:00am

Laws inconsistent with or in derogation of fundamental rights: CJP spells out SC powers under Article 8

Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry has said that Article 8 of the Constitution empowers the Supreme Court to strike down any legislation which encroaches upon the basic rights of citizens. This he stated while speaking at Roll-Sign

Published 08 Jul, 2012 12:00am

Laws inconsistent with or in derogation of fundamental rights: CJP spells out SC powers under Article 8

Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry has said that Article 8 of the Constitution empowers the Supreme Court to strike down any legislation which encroaches upon the basic rights of citizens. This he stated while speaking at Roll-Sign

Published 08 Jul, 2012 12:00am

US court fines Iran $813 million for 1983 Lebanon attack

A US federal judge has ordered Iran to pay more than $813 million in damages and interest to the families of 241 US soldiers killed in the 1983 bombing of a Marine barracks in Lebanon. "After this opinion, this court will have issued over $8.8 billion in

Published 08 Jul, 2012 12:00am

US court fines Iran $813 million for 1983 Lebanon attack

A US federal judge has ordered Iran to pay more than $813 million in damages and interest to the families of 241 US soldiers killed in the 1983 bombing of a Marine barracks in Lebanon. "After this opinion, this court will have issued over $8.8 billion in

Published 08 Jul, 2012 12:00am

Iran plans to sell oil via consortium

Iran has reached agreements with European refiners to sell some of its oil through a private consortium, an official said on Saturday, a move designed to circumvent sanctions intended to put pressure on Tehran to halt its disputed nuclear programme.

Published 08 Jul, 2012 12:00am

Iran plans to sell oil via consortium

Iran has reached agreements with European refiners to sell some of its oil through a private consortium, an official said on Saturday, a move designed to circumvent sanctions intended to put pressure on Tehran to halt its disputed nuclear programme.

Published 08 Jul, 2012 12:00am

Iran plans to sell oil via consortium

Iran has reached agreements with European refiners to sell some of its oil through a private consortium, an official said on Saturday, a move designed to circumvent sanctions intended to put pressure on Tehran to halt its disputed nuclear programme.

Published 08 Jul, 2012 12:00am

US beefs up Gulf naval force amid tension with Iran

A US navy ship that had been slated for decommissioning has been sent instead to the Gulf to help mine-clearing operations, the US Fifth Fleet based in Bahrain said, the latest move in a gradual US build-up as tensions with Iran smoulder. A fleet spokesma

Published 08 Jul, 2012 12:00am

US beefs up Gulf naval force amid tension with Iran

A US navy ship that had been slated for decommissioning has been sent instead to the Gulf to help mine-clearing operations, the US Fifth Fleet based in Bahrain said, the latest move in a gradual US build-up as tensions with Iran smoulder. A fleet spokesma

Published 08 Jul, 2012 12:00am

Nato supply resumption: DPC kicks off 'long march' from Lahore today

Difa-e-Pakistan Council (DPC) on Saturday announced its 'Long March' schedule against Nato supply resumption, according to which the march would commence from Lahore on Sunday (today) at 10am. The participants would make overnight stay at Gujrat and march

Published 08 Jul, 2012 12:00am

Nato supply resumption: DPC kicks off 'long march' from Lahore today

Difa-e-Pakistan Council (DPC) on Saturday announced its 'Long March' schedule against Nato supply resumption, according to which the march would commence from Lahore on Sunday (today) at 10am. The participants would make overnight stay at Gujrat and march

Published 08 Jul, 2012 12:00am

Joyful Libyans brave violence to grasp free vote

Crowds of joyful Libyans, some with tears in their eyes, parted with the legacy of Muammar Gaddafi's dictatorship on Saturday as they voted in the first free national election in 60 years. But in the eastern city of Benghazi, cradle of last year's uprisin

Published 08 Jul, 2012 12:00am

Joyful Libyans brave violence to grasp free vote

Crowds of joyful Libyans, some with tears in their eyes, parted with the legacy of Muammar Gaddafi's dictatorship on Saturday as they voted in the first free national election in 60 years. But in the eastern city of Benghazi, cradle of last year's uprisin

Published 08 Jul, 2012 12:00am

Recovery targets of Discos: inefficient CEOs may be removed

Ministry of Water and Power has decided to remove all those Chief Executives Officers (CEOs) of Distribution Companies (Discos) who fail to achieve recovery targets, well informed sources told Business Recorder. Ministry of Water and Power claims t

Published 08 Jul, 2012 12:00am

Recovery targets of Discos: inefficient CEOs may be removed

Ministry of Water and Power has decided to remove all those Chief Executives Officers (CEOs) of Distribution Companies (Discos) who fail to achieve recovery targets, well informed sources told Business Recorder. Ministry of Water and Power claims t

Published 08 Jul, 2012 12:00am

Recovery targets of Discos: inefficient CEOs may be removed

Ministry of Water and Power has decided to remove all those Chief Executives Officers (CEOs) of Distribution Companies (Discos) who fail to achieve recovery targets, well informed sources told Business Recorder. Ministry of Water and Power claims t

Published 08 Jul, 2012 12:00am

Energy crisis: Ministry fails to add 800mmcfd gas to system

The Petroleum Ministry has failed in implementing a plan to bring up to 800 Million Cubic Feet gas per day (MMCFD) into the system. The plan was devised by the Ministry on January 25, according to which by the end of June 30, 2012 an estimated 800 MMCFD g

Published 08 Jul, 2012 12:00am

Energy crisis: Ministry fails to add 800mmcfd gas to system

The Petroleum Ministry has failed in implementing a plan to bring up to 800 Million Cubic Feet gas per day (MMCFD) into the system. The plan was devised by the Ministry on January 25, according to which by the end of June 30, 2012 an estimated 800 MMCFD g

Published 08 Jul, 2012 12:00am

Energy crisis: Ministry fails to add 800mmcfd gas to system

The Petroleum Ministry has failed in implementing a plan to bring up to 800 Million Cubic Feet gas per day (MMCFD) into the system. The plan was devised by the Ministry on January 25, according to which by the end of June 30, 2012 an estimated 800 MMCFD g

Published 08 Jul, 2012 12:00am

Donors to pledge over $16 billion for Afghanistan

Donors at a major development conference for Afghanistan will pledge total aid of more than $16 billion for four years to 2015, Japanese Foreign Minister Koichiro Gemba said Saturday. Japan, which will co-chair the one-day conference on Sunday with Afghan

Published 08 Jul, 2012 12:00am

Donors to pledge over $16 billion for Afghanistan

Donors at a major development conference for Afghanistan will pledge total aid of more than $16 billion for four years to 2015, Japanese Foreign Minister Koichiro Gemba said Saturday. Japan, which will co-chair the one-day conference on Sunday with Afghan

Published 08 Jul, 2012 12:00am

Munter for un-interrupted Nato supply through Pakistan

US Ambassador to Pakistan Cameron Munter on Saturday said that the resumption of Nato supply lines is a positive step of the government of Pakistan and, it should continue uninterrupted. He was talking to media persons during his farewell visit to Gadani

Published 08 Jul, 2012 12:00am

Munter for un-interrupted Nato supply through Pakistan

US Ambassador to Pakistan Cameron Munter on Saturday said that the resumption of Nato supply lines is a positive step of the government of Pakistan and, it should continue uninterrupted. He was talking to media persons during his farewell visit to Gadani

Published 08 Jul, 2012 12:00am

US designates Afghanistan as major non-Nato ally

The United States has designated Afghanistan a major non-Nato ally, giving the war-torn country special privileges as the US prepares to pull its troops out in 2014, Secretary of State Hillary Clinton said Saturday. Clinton announced the move, which provi

Published 08 Jul, 2012 12:00am

US designates Afghanistan as major non-Nato ally

The United States has designated Afghanistan a major non-Nato ally, giving the war-torn country special privileges as the US prepares to pull its troops out in 2014, Secretary of State Hillary Clinton said Saturday. Clinton announced the move, which provi

Published 08 Jul, 2012 12:00am

Section 153A of IT Ordinance: 0.5 percent WHT may be reduced to 0.3 or 0.2 percent

The Federal Board of Revenue is seriously examining a proposal to reduce 0.5 percent withholding tax to 0.3 or 0.2 percent at the time of sale made to all distributors, dealers and wholesalers from July 1, 2012. Tax experts told Business Recorder o

Published 08 Jul, 2012 12:00am

Section 153A of IT Ordinance: 0.5 percent WHT may be reduced to 0.3 or 0.2 percent

The Federal Board of Revenue is seriously examining a proposal to reduce 0.5 percent withholding tax to 0.3 or 0.2 percent at the time of sale made to all distributors, dealers and wholesalers from July 1, 2012. Tax experts told Business Recorder o

Published 08 Jul, 2012 12:00am

Section 153A of IT Ordinance: 0.5 percent WHT may be reduced to 0.3 or 0.2 percent

The Federal Board of Revenue is seriously examining a proposal to reduce 0.5 percent withholding tax to 0.3 or 0.2 percent at the time of sale made to all distributors, dealers and wholesalers from July 1, 2012. Tax experts told Business Recorder o

Published 08 Jul, 2012 12:00am

134 killed in southern Russia floods disaster

Flash floods deluged Russia's southern Krasnodar, killing at least 134 people - many feared drowned in their beds - in the region's worst natural disaster in decades, officials and witnesses said Saturday. President Vladimir Putin inspected the damage by

Published 08 Jul, 2012 12:00am

134 killed in southern Russia floods disaster

Flash floods deluged Russia's southern Krasnodar, killing at least 134 people - many feared drowned in their beds - in the region's worst natural disaster in decades, officials and witnesses said Saturday. President Vladimir Putin inspected the damage by

Published 08 Jul, 2012 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (July 07, 2012).

Published 08 Jul, 2012 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 25	248.38

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 25 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 25 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 25 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 25 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 25 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 25 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 25 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 25 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 25 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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