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Print - 2012-07-13
Industrial co-operation: Sarhad, Rawalpindi chambers sign MoU

Industrial co-operation: Sarhad, Rawalpindi chambers sign MoU

The Sarhad Chamber of Commerce and Industry (SCCI) and Rawalpindi Chamber of Commerce and Industry (RCCI) formally signed an MoU for boosting mutual relations, information sharing and extending co-operation in industrial and commercial sectors.
Published 13 Jul, 2012 12:00am
Tariq Malik assumes charge as chairman Nadra

Tariq Malik assumes charge as chairman Nadra

Tariq Malik, Deputy Chair-man, National Database & Registration Authority (Nadra), on promotion assumed charge as Chairman, NADRA on Thursday. He was voted in strategic management role as Deputy Chairman by board members of National Database & Registratio
Published 13 Jul, 2012 12:00am
Barter deal: trade team likely to visit Iran soon

Barter deal: trade team likely to visit Iran soon

A Pakistani delegation is likely to visit Iran to finalise the proposed barter trade deal between the two countries, an official told Business Recorder on Thursday. The delegation will comprise of federal Minister for National Food Security and Res
Published 13 Jul, 2012 12:00am
SU promotes 209 peons

SU promotes 209 peons

The management of University of Sindh on Thursday announced the promotion of 209 peons working in BPS 2 to BPS 4 respectively under the technical scheme. The university spokesman has informed that these 209 peons have been promoted with effect from July 1
Published 13 Jul, 2012 12:00am
Pesco promises fair loadshedding

Pesco promises fair loadshedding

The Peshawar Electric Supply Company (Pesco) Chief Executive Officer, Tariq Seduzai has assured Sarhad Chamber of Chamber and Industry (SCCI) for issuance of equitable loadshedding scheduled to all industrial estates.
Published 13 Jul, 2012 12:00am
18 APOs promoted

18 APOs promoted

Departmental Promotion Committee of National Highways & Motorway Police (NH&MP) promoted eighteen Assistant Patrol Officers (APOs) to Patrol Officers (POs). A meeting of the Departmental Promotion Committee of NH&MP was held with Deputy Inspector General
Published 13 Jul, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell for a second consecutive session on Thursday as local stocks were pummelled, while risk currencies such as the euro were hit by intensifying worries about the global economy. The rupee fell even after data showed May industrial outpu
Published 13 Jul, 2012 12:00am
Dollar falls versus yen on BoJ policy news

Dollar falls versus yen on BoJ policy news

The dollar enjoyed a short-lived rise against the yen on Thursday after the Bank of Japan refrained from easing policy but made a technical change to its asset buying programme. The BoJ stood pat as expected, despite moves in that direction last week by c
Published 13 Jul, 2012 12:00am
Euro falls to two-year low versus dollar; yen shines

Euro falls to two-year low versus dollar; yen shines

The euro fell to a two-year low against a broadly firmer dollar on Thursday after the minutes of a Federal Reserve meeting dampened the prospects of more US monetary stimulus in coming months, weighing on riskier assets and growth-linked currencies.
Published 13 Jul, 2012 12:00am
Early trade in New York: euro slumps broadly

Early trade in New York: euro slumps broadly

The euro slumped broadly on Thursday, reaching a new two-year low against the dollar, as worries about global economic growth and diminished expectations of near-term US Federal Reserve stimulus had investors avoiding risk.
Published 13 Jul, 2012 12:00am
Dollar climbs in New York after Fed meeting

Dollar climbs in New York after Fed meeting

The dollar gained on Wednesday, pushing the euro to a fresh two-year low after minutes of last month's Federal Reserve meeting showed additional asset-buying by the Fed was not imminent and likely to occur only if US economic conditions worsened.
Published 13 Jul, 2012 12:00am
Yuan ends down

Yuan ends down

The yuan closed slightly lower against the dollar on Thursday as China's central bank left its daily midpoint nearly unchanged, partially offsetting fresh strength in the US currency. But the People's Bank of China (PBOC) appears to be determined to keep
Published 13 Jul, 2012 12:00am
Rate cut shock hits won

Rate cut shock hits won

The South Korean won led declines in emerging Asian currencies on Thursday after the central bank surprised markets with its first rate cut in over three years, while other regional units fell as a drop in Australian employment added to global growth worr
Published 13 Jul, 2012 12:00am
Aussie $ falls broadly

Aussie $ falls broadly

The Australian dollar fell broadly on Thursday, taking its New Zealand counterpart with it as well, after an unexpected drop in employment prompted markets to price in more chance of an interest rate cut next month.
Published 13 Jul, 2012 12:00am
Sterling slips versus dollar

Sterling slips versus dollar

Sterling slipped to a five-week low against a broadly stronger dollar on Thursday after US jobless claims fell to their lowest in four years and Federal Reserve minutes dampened expectations of further monetary easing in the near future.
Published 13 Jul, 2012 12:00am
First cargo ship in 50 years takes Miami-Cuba route

First cargo ship in 50 years takes Miami-Cuba route

For the first time in 50 years, a cargo ship left the US city of Miami on Wednesday headed directly for Cuba, carrying a load of humanitarian supplies, officials said. "This first ship, the Ana Cecilia, left with humanitarian shipments, and we are assured
Published 13 Jul, 2012 12:00am
Sweden, Oman stand in for British-Iranian relations

Sweden, Oman stand in for British-Iranian relations

Sweden will look after Britain's interests in Iran, while Oman will perform the reverse role, London announced Thursday following the ransacking of Britain's embassy last year. Britain shut its mission in Tehran in November after it was attacked by protes
Published 13 Jul, 2012 12:00am
Mursi visits Saudi Arabia to mend ties

Mursi visits Saudi Arabia to mend ties

Saudi Arabia gave a lavish reception to Egyptian President Mohamed Mursi on Thursday, a gesture analysts said indicated the Arab world's wealthiest country was ready to put old tensions behind it to do business with the new Islamist president.
Published 13 Jul, 2012 12:00am
Defector lashes Assad but Russia blocks UN action

Defector lashes Assad but Russia blocks UN action

The first ambassador to abandon Syrian President Bashar al-Assad called on the army to "turn your guns on the criminals" of the government, as troops backed by tanks swarmed into a suburb of Damascus on Thursday to flush out rebels.
Published 13 Jul, 2012 12:00am
Torrential rain leave 10 dead, 18 missing in Japan

Torrential rain leave 10 dead, 18 missing in Japan

Record torrential rain on the southern Japanese island of Kyushu Thursday killed 10 people and left 18 missing in flooding and landslides, news reports said. Authorities in the prefectural capital of Kumamoto issued an evacuation order for about 48,000 re
Published 13 Jul, 2012 12:00am
14 killed in lightning strikes in India's storms

14 killed in lightning strikes in India's storms

At least 14 people were killed in lightning strikes in India's eastern state of Bihar during heavy monsoon rains, a news report said Thursday. The deaths took place in villages across six districts since Wednesday, the IANS news agency reported, citing of
Published 13 Jul, 2012 12:00am
Nigeria oil tanker fire kills over 100

Nigeria oil tanker fire kills over 100

More than 100 people who rushed to scoop up fuel after a Nigerian petrol tanker tipped over Thursday were killed when the vehicle and pools of spilled oil caught fire. Children were among those killed, while dozens more were badly burned, despite a warnin
Published 13 Jul, 2012 12:00am
Taliban deny involvement in woman's execution

Taliban deny involvement in woman's execution

Afghanistan's Taliban insurgents have denied involvement in the recent public execution of a woman captured in a horrific video that caused international outrage.
Published 13 Jul, 2012 12:00am
Israel poisoned Arafat with polonium: nephew

Israel poisoned Arafat with polonium: nephew

Israel poisoned the late Yasser Arafat with the lethal radioactive substance polonium, a nephew of the veteran Palestinian leader alleged on Thursday, prompting an Israeli denial. "We accuse Israel of killing Yasser Arafat by poisoning him with that letha
Published 13 Jul, 2012 12:00am
US and China seek to play down rivalry

US and China seek to play down rivalry

US Secretary of State Hillary Clinton and her Chinese counterpart Yang Jiechi pledged Thursday to work more closely together after talks designed to smooth their countries' often spiky relations.
Published 13 Jul, 2012 12:00am
BBC World Service bids farewell to Bush House

BBC World Service bids farewell to Bush House

The BBC World Service transmitted its final bulletin from Bush House in London on Thursday, ending 71 years of radio broadcasts from the building that kept millions informed across the globe. Since March, the service has gradually moved to the new east wi
Published 13 Jul, 2012 12:00am
Nine dead in French Alps avalanche

Nine dead in French Alps avalanche

Nine climbers were killed in an avalanche near Chamonix in the French Alps on Thursday when a wall of snow swept them away as they tried to scale one of Europe's tallest peaks, authorities said. Rescue efforts to find four other climbers still missing wer
Published 13 Jul, 2012 12:00am
US and Russia hold talks at Pentagon

US and Russia hold talks at Pentagon

Top US general Martin Dempsey on Thursday met with his Russian counterpart, giving him the red carpet treatment despite diplomatic tensions over Syria between Washington and Moscow.
Published 13 Jul, 2012 12:00am
WikiLeaks gets court victory in fight against Visa

WikiLeaks gets court victory in fight against Visa

WikiLeaks declared victory Thursday in the first round of its campaign against the financial blockade imposed by Visa and MasterCard after an Icelandic court ordered their local partner to resume processing credit card donations to the secret-spilling sit
Published 13 Jul, 2012 12:00am
Surgical, dental instruments: exporters arrive in Kuala Lumpur

Surgical, dental instruments: exporters arrive in Kuala Lumpur

A nine-member delegation of surgical/dental instruments exporters of Pakistan arrived in Kuala Lumpur on Thursday to attend APHM International Healthcare Conference and Exhibition 2012 being held from July 17-19 in the Malaysian capital.
Published 13 Jul, 2012 12:00am
Indian business leader for joint research centre

Indian business leader for joint research centre

Leader of Indian trade delegation and former President Bombay Chamber of Commerce and Industry (BCCI), Ashok Kumar Barat has called for establishing Pakistan, India Joint Research Centre.
Published 13 Jul, 2012 12:00am
Decomposed body found

Decomposed body found

Police found a decomposed body from Notal area on Thursday. Police sources said that unknown persons killed a man and later dumped the body in Notal area. The police shifted the body to hospital morgue. The identity of the dead could not be ascertained so
Published 13 Jul, 2012 12:00am
SU announces IBA exam schedule

SU announces IBA exam schedule

The Director Institute of Business Administration (IBA) University of Sindh on Thursday informed to all concerned students that BBA Part-III (Morning), MBA (Final) Honours of Old Scheme (Morning) and MBA (Final) Pass Side (Morning) Special Semester 2011 E
Published 13 Jul, 2012 12:00am
Beggar shot dead in Quetta

Beggar shot dead in Quetta

Unknown armed men gunned down a beggar in Kashmirabad near Seryab area of the provincial capital on Thursday. According to police, the victim identified as Bula was begging in the area when armed assailants on motorbike opened fire on him and fled from th
Published 13 Jul, 2012 12:00am
Traders welcome FBR's new chief

Traders welcome FBR's new chief

The trade and industrial sector has welcomed the appointment of senior bureaucrat Ali Arshad Hakeem as Chairman Federal Board of Revenue (FBR). In a statement, Korangi Association of Trade and Industry (Kati) Paton In-Chief S M Muneer, Chairman Ehtesham U
Published 13 Jul, 2012 12:00am
Two killed in Jaffarabad firing

Two killed in Jaffarabad firing

Two persons were killed while another received injuries in two separate incidents of firing in Jaffarabad on Thursday. Police said that armed robbers opened fir at a citizen namely Muhammad Ali, killing him in Bagh Head area near Osta Muhammad town when h
Published 13 Jul, 2012 12:00am
Six militants killed in Bajaur

Six militants killed in Bajaur

Pakistani Security Forces killed six militants who intruded into Kitkot area of Bajaur Agency from across the border between night of Wednesday and Thursday. According to sources, militants have been encircled by Pakistani Security Forces. According to la
Published 13 Jul, 2012 12:00am
Three-day Summer Trade Fair II concludes

Three-day Summer Trade Fair II concludes

Three-day Summer Trade Fair II of women entrepreneurs concluded on Thursday with the resolve of the continuation of such healthy activities for the promotion of the business of skilled women. The three-day exhibition of the artistic and creative work of t
Published 13 Jul, 2012 12:00am
Saarc, CCI to hold seminar on 'Trade Facilitation in South Asia'

Saarc, CCI to hold seminar on 'Trade Facilitation in South Asia'

The Saarc Chamber of Commerce and Industry (Saarc-CCI) in collaboration with the Federation of Chambers of Commerce and Industry of Sri Lanka and in partnership with Friedrich Naumann Stiftung, New Delhi, will organise seminar "Trade Facilitation in South
Published 13 Jul, 2012 12:00am
SECP, ICM to launch 'Investor Education, Awareness Programme' today

SECP, ICM to launch 'Investor Education, Awareness Programme' today

The Securities and Exchange Commission of Pakistan (SECP) and Institute of Capital Market (ICM) along with key non-bank financial market stakeholders have developed a countrywide 'Investor Education and Awareness Programme' to be launched from July 13, 20
Published 13 Jul, 2012 12:00am
Impact of social media on society discussed

Impact of social media on society discussed

Social Media expert Asad Malik has said that the impact of social media on our daily lives is far greater than we think, as there are 3.2 billion likes and comments made on Facebook each day, 175 million tweets are sent on Twitter a day, the Google+ butto
Published 13 Jul, 2012 12:00am
KASB Group sweeps CFA Excellence Awards

KASB Group sweeps CFA Excellence Awards

KASB Group continued its impressive run at the CFA Excellence awards this year, as the group bagged accolades for the Best Brokerage House, Best Equity Analyst, and Best Corporate Finance House - Equity & Advisory (Banks).
Published 13 Jul, 2012 12:00am
NH&MP arrests five suspects

NH&MP arrests five suspects

National Highways and Motorway Police (NH&MP) N-5 Central have arrested five culprits including a proclaimed offender involved in snatching of vehicles and transportation of liquor besides returning lost purse of a lady passenger during last few days.
Published 13 Jul, 2012 12:00am
PEF starts training session

PEF starts training session

The Punjab Education Foundation (PEF) on Thursday started a two-day training for specialists from 24 districts of the province at the Children's Library Complex. As many as 51 subject specialists teaching English, mathematics, biology, chemistry and physi
Published 13 Jul, 2012 12:00am
Food exhibition held

Food exhibition held

Institute of Rural Home Economics, University of Agriculture, Faisalabad organised Food Arrangement and Continental Dishes exhibition at Dining Hall of the Institute here on Thursday. Surriya Naseem (Ex-Parliamentarian) was the guest of honour on this occ
Published 13 Jul, 2012 12:00am
Mining sector likely to grow three percent this year

Mining sector likely to grow three percent this year

The growth rate of mining sector of the country has been set at 3 percent during the current fiscal year according to official sources.Focus of the mineral policy is on oil, gas, coal, iron ore, copper, and chromites to reduce import dependence, official
Published 13 Jul, 2012 12:00am
Altaf condemns killing of police personnel

Altaf condemns killing of police personnel

Muttahida Qaumi Movement (MQM) chief Altaf Hussain strongly condemned the attack on a building in Ichra area of Lahore and expressed his sorrow on the killing of police personnel. He said that the sacrifices being offered by the security forces and the ge
Published 13 Jul, 2012 12:00am
Marvi to exhibit her 'Parliament Diaries' on July 16

Marvi to exhibit her 'Parliament Diaries' on July 16

Discrimination - an exhibition of paintings by former Parliamentarian Marvi Memon will go on display here on Monday (July 16) at Nomad art gallery revealing her `Parliament Diaries' with a focus on political issues.
Published 13 Jul, 2012 12:00am
The Weather

The Weather

The weather report on Thursday (July 12, 2012) and the forecast for Friday (July 13, 2012).

Published 13 Jul, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 12, 2012).

Published 13 Jul, 2012 12:00am
Training block dedicated to AZK Sherdil

Training block dedicated to AZK Sherdil

A newly-constructed training block of Pakistan Civil Servants Academy has been dedicated to the name of A.Z.K. Sherdil. An inaugural ceremony was held on Thursday in this connection, which was attended by Secretary Information and Culture Mohyuddin Ahmed
Published 13 Jul, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 12, 2012).

Published 13 Jul, 2012 12:00am
TDCP to host 'Family Fun, Water Sports Festival'

TDCP to host 'Family Fun, Water Sports Festival'

Tourism Development Corporation of Punjab (TDCP) is arranging a two-day 'Family Fun and Water Sports Festival' at Dharabi Lake (Balkasar) on 14 and 15 July, to promote tourism and highlight the tourism sites situated in far flung areas of the province.
Published 13 Jul, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 13 Jul, 2012 12:00am
Killing of 9 KP policemen in Lahore: ANP, JUI-F senators stage walkout

Killing of 9 KP policemen in Lahore: ANP, JUI-F senators stage walkout

Awami National Party (ANP) and Jamiat Ulema-e-Islam-Fazal (JUI-F) on Thursday staged walkout from Senate against the killing of nine policemen from Khyber-Pakhtunkhwa (KP) in Lahore. The nine policemen along with prisons staff were sleeping in Lahore on T
Published 13 Jul, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 13 Jul, 2012 12:00am
Saifuddin Saif remembered

Saifuddin Saif remembered

Saifuddin Saif, a poet and a filmmaker, was remembered on his death anniversary on Thursday. Saifuddin Saif was born in Amritsar, in 1922. His poetry evolved and he wrote some very powerful poems during his college days.
Published 13 Jul, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 12, 2012).

Published 13 Jul, 2012 12:00am
Norwegian team members meet Mandviwalla

Norwegian team members meet Mandviwalla

A Norwegian delegation headed by Aamir Sheikh President of Pakistan Chamber of Commerce, Norway and Auden Time Business Consultant, Pakistan Chamber of Commerce, Norway, along with the Norwegian Ambassador, Ms. Cecilie Landsverk, called on the MOS/Chairma
Published 13 Jul, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 12, 2012).

Published 13 Jul, 2012 12:00am
Controversy over tobacco price resolved

Controversy over tobacco price resolved

The controversy over tobacco price was settled down amicably, as buying season started peacefully amidst an increase of Rs 4 per kg that finally brought the much needed respite to the farmers of Khyber-Pakhtunkhwa.
Published 13 Jul, 2012 12:00am
Importance of USAID-funded programme highlighted

Importance of USAID-funded programme highlighted

United States Agency for International Development (USAID) Mission Director's Jock Conley on Thursday said US wanted to help Pakistan in various fields including energy, economic growth, health and education on priority basis.
Published 13 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 Thursday (July 12, 2012).

Published 13 Jul, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 12, 2012).

Published 13 Jul, 2012 12:00am
DGI&I unearths tax fraud of Rs 215.72 million

DGI&I unearths tax fraud of Rs 215.72 million

Directorate General Intelligence and Investigation (DGI&I)-Inland Revenue, Karachi, unearthed a tax fraud of Rs 215.72 million approximately. According to sources, the DGI&I on the directives of Federal Board of Revenue (FBR) started investigation to veri
Published 13 Jul, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 12, 2012).

Published 13 Jul, 2012 12:00am
DGI&I unearths tax fraud of Rs 215.72 million

DGI&I unearths tax fraud of Rs 215.72 million

Directorate General Intelligence and Investigation (DGI&I)-Inland Revenue, Karachi, unearthed a tax fraud of Rs 215.72 million approximately. According to sources, the DGI&I on the directives of Federal Board of Revenue (FBR) started investigation to veri
Published 13 Jul, 2012 12:00am
DGI&I unearths tax fraud of Rs 215.72 million

DGI&I unearths tax fraud of Rs 215.72 million

Directorate General Intelligence and Investigation (DGI&I)-Inland Revenue, Karachi, unearthed a tax fraud of Rs 215.72 million approximately. According to sources, the DGI&I on the directives of Federal Board of Revenue (FBR) started investigation to veri
Published 13 Jul, 2012 12:00am
Eurozone crisis hitting Asia''s growth prospects: ADB

Eurozone crisis hitting Asia''s growth prospects: ADB

Developing Asia''s 2012 growth prospects are being hit by the worsening eurozone crisis and a sluggish recovery in the United States, according to new figures released by the Asian Development Bank.
Published 13 Jul, 2012 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The dollar posted fresh gains against the rupee on the currency market on Thursday, money experts said.
Published 13 Jul, 2012 12:00am
Eurozone crisis hitting Asia's growth prospects: ADB

Eurozone crisis hitting Asia's growth prospects: ADB

Developing Asia's 2012 growth prospects are being hit by the worsening eurozone crisis and a sluggish recovery in the United States, according to new figures released by the Asian Development Bank.
Published 13 Jul, 2012 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The dollar posted fresh gains against the rupee on the currency market on Thursday, money experts said.
Published 13 Jul, 2012 12:00am
Eurozone crisis hitting Asia's growth prospects: ADB

Eurozone crisis hitting Asia's growth prospects: ADB

Developing Asia's 2012 growth prospects are being hit by the worsening eurozone crisis and a sluggish recovery in the United States, according to new figures released by the Asian Development Bank.
Published 13 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (July 12, 2012).

Published 13 Jul, 2012 12:00am
Mullah Omar can run for president: Karzai

Mullah Omar can run for president: Karzai

Afghan President Hamid Karzai called Thursday on Taliban supreme leader Mullah Omar to give up fighting his US-backed government in return for the chance to run for president of the war-torn nation. Mullah Omar, the one-eyed Taliban leader who has been on
Published 13 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (July 12, 2012).

Published 13 Jul, 2012 12:00am
Mullah Omar can run for president: Karzai

Mullah Omar can run for president: Karzai

Afghan President Hamid Karzai called Thursday on Taliban supreme leader Mullah Omar to give up fighting his US-backed government in return for the chance to run for president of the war-torn nation. Mullah Omar, the one-eyed Taliban leader who has been on
Published 13 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (July 12, 2012).

Published 13 Jul, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (July 12, 2012).

Published 13 Jul, 2012 12:00am
Court to decide whether it should indict Riaz

Court to decide whether it should indict Riaz

Adjourning the hearing in contempt of court case against business tycoon Malik Riaz Hussain on Thursday, the Supreme Court observed that the bench would decide whether or not it should indict Riaz on July 13 (today).
Published 13 Jul, 2012 12:00am
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