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Print - 2012-07-17
Netanyahu and Clinton talk Egypt, peace and Iran

Netanyahu and Clinton talk Egypt, peace and Iran

Egypt has been "an anchor of peace" in the Middle East and preserving its 1979 peace treaty with Israel is a key priority for both Washington and the Jewish state, Prime Minister Benjamin Netanyahu said on Monday. Speaking at the start of a dinner meeting
Published 17 Jul, 2012 12:00am
Morsi brings home journalist jailed in Sudan

Morsi brings home journalist jailed in Sudan

An Egyptian journalist jailed while covering protests in Sudan returned to Cairo on Monday aboard President Mohamed Morsi's official jet after Egypt's new head of state raised her case with his Sudanese counterpart.
Published 17 Jul, 2012 12:00am
Taiwan tests new weapons in China war simulation

Taiwan tests new weapons in China war simulation

Taiwan for the first time on Monday tested how a fleet of advanced submarine hunting aircraft and attack helicopters would be utilised in the event of an attack by rival China, officials and media said. The weapons were included at the beginning of the fi
Published 17 Jul, 2012 12:00am
Maldives charges former president

Maldives charges former president

The Maldives formally charged the ousted president, Mohamed Nasheed, on Monday with the detention of a Criminal Court judge during his final days in office, increasing the chance he will be arrested and adding to rising tension in the island nation.
Published 17 Jul, 2012 12:00am
Syria, Morocco in tit-for-tat expulsion of envoys

Syria, Morocco in tit-for-tat expulsion of envoys

Syria declared Morocco's ambassador persona non grata on Monday, the foreign ministry said, in a tit-for-tat move hours after Rabat expelled Damascus's envoy to the North African country.
Published 17 Jul, 2012 12:00am
Syria refusing visas for Western aid workers

Syria refusing visas for Western aid workers

Syria is refusing visas to Western aid workers, hampering United Nations efforts to expand further its humanitarian operation to meet growing needs in the conflict-torn country, a senior UN aid official said on Monday. Some 1.5 million people require assi
Published 17 Jul, 2012 12:00am
Ukraine jails two North Koreans for missile spying

Ukraine jails two North Koreans for missile spying

Ukraine has jailed two North Koreans for eight years on charges of trying to obtain sensitive missile production data, a law enforcement official said on Monday. The sentence was issued last month and came into force in recent days after officials decided
Published 17 Jul, 2012 12:00am
US approves first-ever pill for HIV prevention

US approves first-ever pill for HIV prevention

The first-ever daily pill to help prevent against HIV was approved Monday by US regulators for use in uninfected adults who are at risk for getting the virus that causes AIDS.
Published 17 Jul, 2012 12:00am
First Gaza family visits to Israeli jails in five years

First Gaza family visits to Israeli jails in five years

A group of Palestinians gathered on Monday to cross from Gaza and visit relatives in Israeli prisons for the first time in five years. The visits were banned in June 2007, leaving the families of hundreds of Gazans held in Israeli jails unable to see thei
Published 17 Jul, 2012 12:00am
Mubarak sent back to prison

Mubarak sent back to prison

Former Egyptian president Hosni Mubarak was sent back to prison on Monday on the orders of the public prosecutor who ruled an improvement in his health meant he no longer needed the care of the military hospital he was moved to last month.
Published 17 Jul, 2012 12:00am
5,000 Taliban left the battlefield since 2010: Nato

5,000 Taliban left the battlefield since 2010: Nato

Nearly 5,000 former Afghan insurgents have given up their weapons and more are joining a reintegration programme, but it has not dented the overall Taliban force, a Nato general said Monday. The number of former fighters in the Afghan peace and reintegrat
Published 17 Jul, 2012 12:00am
African leaders' opinions divided after historic AU vote

African leaders' opinions divided after historic AU vote

African leaders were divided Monday over a historic vote that saw the first woman elected to head the AU Commission, with some hailing the decision as others criticised powerhouse South Africa's tactics.
Published 17 Jul, 2012 12:00am
Romney rejects Obama's 'dishonest' attacks

Romney rejects Obama's 'dishonest' attacks

Republican Mitt Romney slammed President Barack Obama's persistent attacks on his business record as "dishonest" and misdirected Monday, and rejected calls that he release more of his tax returns.
Published 17 Jul, 2012 12:00am
Massive anti-nuclear rally staged in Tokyo

Massive anti-nuclear rally staged in Tokyo

Tens of thousands of people rallied in Tokyo on Monday demanding an end to nuclear power, the latest in a series of anti-atomic gatherings following the tsunami-sparked disaster at Fukushima last year. Demonstrators marched through streets near Yoyogi par
Published 17 Jul, 2012 12:00am
BBC sells television centre for £200 million

BBC sells television centre for £200 million

The BBC said Monday it had sold its iconic Television Centre building for £200 million to a property developer as part of cost-cutting measures by the world's largest public broadcaster. The British Broadcasting Corporation said in a statement that it had
Published 17 Jul, 2012 12:00am
LEAs asked to beef up security arrangements

LEAs asked to beef up security arrangements

Divisional Commissioner Tahir Hussain has directed the concerned officers of law enforcement agencies to beef up security arrangements at the important installations, sensitive points, worship places and other vulnerable public sites in the four districts
Published 17 Jul, 2012 12:00am
Anti-polio drive begins in Swat

Anti-polio drive begins in Swat

Three-day anti-polio immunisation started here in district Swat, officials of the department of health said here on Monday. According to the department of health during the campaign 1195 teams will administer anti-polio drops to about 395000 children in t
Published 17 Jul, 2012 12:00am
APTMA seeks exemption from loadshedding

APTMA seeks exemption from loadshedding

Spokesman of All Pakistan Textile Mills Association (APTMA) has sought from the government exemption from loadshedding to the mills on independent feeders and save workers from redundancy and industry's viability from erosion.
Published 17 Jul, 2012 12:00am
Five dewatering pumps purchased

Five dewatering pumps purchased

In order to cope with the monsoon situation and ensure drainage of water from low-lying areas, five dewatering pumps have been purchased. This was stated by Provincial Minister for Zakat & Usher, Malik Nadeem Kamran here on Monday while presiding over a m
Published 17 Jul, 2012 12:00am
LHC begins district courts' inspection

LHC begins district courts' inspection

The Lahore High Court in order to improve the standard of the court decision has launched the inspection of district courts. The Chief Justice has nominated a judge of LHC for each district to monitor the performance of that district.
Published 17 Jul, 2012 12:00am
HBFCL's entity ratings reaffirmed

HBFCL's entity ratings reaffirmed

JCR-VIS Credit Rating Company Limited has once again reaffirmed the House Building Finance Company Limited's entity rating of 'A/A-2' (Single A/A-Two). The ratings incorporate the shareholding structure of HBFCL jointly held 62.5 percent by the Government
Published 17 Jul, 2012 12:00am
Promotion tests today

Promotion tests today

Promotion tests for grade-IV employees of the Education Department will be held on Tuesday (July 17). According to a spokesman for the Education Department, junior clerks will participate in the tests, which were scheduled to be held on June 28 but deferr
Published 17 Jul, 2012 12:00am
Pak Oasis Industries honoured

Pak Oasis Industries honoured

Pak Oasis Industries (Pvt) Limited on Monday was recognised by Dow Water & Process Solutions, a division of The Dow Chemical Company, for completing the first year of operational excellence at its Nawabshah Ultra-filtration (UF) water treatment facility.
Published 17 Jul, 2012 12:00am
Bashir making efforts to get extension?

Bashir making efforts to get extension?

Pakistan's ambassador to the World Trade Organisation (WTO), Shahid Bashir, is reportedly making all out efforts to get an extension in service and contract, well informed sources told Business Recorder. Commerce Ministry appointed Shahid Bashir as
Published 17 Jul, 2012 12:00am
Centre urged to shift Dr Afridi: minister

Centre urged to shift Dr Afridi: minister

Khyber Pakhtunkhwa government has repeatedly asked the federal government to make arrangements for shifting of Dr Shakeel Afridi because of growing threats to his life in the Peshawar prison. "KPK government didn't make directly contact with Balochistan g
Published 17 Jul, 2012 12:00am
Tax on salaried people: FBR to issue circular to guide employers

Tax on salaried people: FBR to issue circular to guide employers

The Federal Board of Revenue will soon clarify income tax payment by salaried persons through an income tax circular to guide the employers how to deduct tax from their employees. Sources told Business Recorder here on Monday that the queries of th
Published 17 Jul, 2012 12:00am
Air-conditioners', refrigerators' production down: PBS

Air-conditioners', refrigerators' production down: PBS

The production of air-conditioners and refrigerators decreased by 26.27 per cent and 3.24 per cent respectively during the month of May 2012 against the production of the same month of last year. According to the data of Pakistan Bureau of Statistics (PBS
Published 17 Jul, 2012 12:00am
UAF aims to promote agro-business in rural areas

UAF aims to promote agro-business in rural areas

University of Agriculture Faisalabad (UAF) introduced a new window of business enterprises aiming at involving the rural farmers in agro-business and manufacturing of agricultural by-products to enhance the profitability of rural entrepreneurs through ens
Published 17 Jul, 2012 12:00am
Power shortfall reduces to 2500MW

Power shortfall reduces to 2500MW

Power shortfall has reduced to 2597 MW with improvement in monsoon rains across the country. Drop in mercury has played role in overcoming the high demand for electricity in general that has come down to 16000 MW against 18000 MW earlier.
Published 17 Jul, 2012 12:00am
Revival of Pak-India cricket a welcome step: Misbah

Revival of Pak-India cricket a welcome step: Misbah

Terming the decision regarding revival of cricketing ties between India and Pakistan as a "welcome step," skipper of Pakistan cricket team Misbah-ul Haq said on Monday it would not only help promote new talent but would also lead towards normalisation of
Published 17 Jul, 2012 12:00am
The Weather

The Weather

The weather report on Monday (July 16, 2012) and the forecast for Tuesday (July 17, 2012).

Published 17 Jul, 2012 12:00am
Trading in shares of TPL Trakker begins at KSE

Trading in shares of TPL Trakker begins at KSE

The formal trading in the shares of TPL Trakker Limited has started at Karachi Stock Exchange on Monday. In this regard, a ceremony was held at the main trading hall of Karachi Stock Exchange (KSE) to mark the formal listing and commencement of trading in
Published 17 Jul, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
Trading in shares of TPL Trakker begins at KSE

Trading in shares of TPL Trakker begins at KSE

The formal trading in the shares of TPL Trakker Limited has started at Karachi Stock Exchange on Monday. In this regard, a ceremony was held at the main trading hall of Karachi Stock Exchange (KSE) to mark the formal listing and commencement of trading in
Published 17 Jul, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
ASLP hosts workshop on livestock extension services

ASLP hosts workshop on livestock extension services

The University of Veterinary and Animal Sciences Vice Chancellor Professor Dr Talat Naseer Pasha has said that the short-term private sector insemination training workshops are playing havoc wit the livestock as well as small farmers.
Published 17 Jul, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 17 Jul, 2012 12:00am
Tax Year 2012: simplified IT return form for companies notified

Tax Year 2012: simplified IT return form for companies notified

The Federal Board of Revenue on Monday notified a simplified income tax return form for companies (Tax Year 2012) by creating separate annexure like Annex- E1, Annex- F1, Annex- G1, Annex- H1, Annex- J1, Annex- K1 and Annex- L1. In this connection, the FB
Published 17 Jul, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 17 Jul, 2012 12:00am
Participation Term Certificate: Treet Corp to raise Rs 1.255 billion

Participation Term Certificate: Treet Corp to raise Rs 1.255 billion

Treet Corporation Limited has announced to raise Rs 1.255 billion through issuance of Participation Term Certificate (PTC) to the existing shareholders of the company by way of Right Offer. In this regard, a road show was held on Monday at a local hotel t
Published 17 Jul, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
Participation Term Certificate: Treet Corp to raise Rs 1.255 billion

Participation Term Certificate: Treet Corp to raise Rs 1.255 billion

Treet Corporation Limited has announced to raise Rs 1.255 billion through issuance of Participation Term Certificate (PTC) to the existing shareholders of the company by way of Right Offer. In this regard, a road show was held on Monday at a local hotel t
Published 17 Jul, 2012 12:00am
Summer camp

Summer camp

Vice Chairman Nazria Pakistan Trust Dr Rafique Ahmad has said that Punjab Chief Minister Muhammad Shahbaz Sharif is working day and night for the promotion of education in the province and his example should be followed by all the provinces.
Published 17 Jul, 2012 12:00am
Bomb recovered from empty plot of land near Rangers' headquarter

Bomb recovered from empty plot of land near Rangers' headquarter

A powerful bomb planted in an empty plot of land near the headquarter of Sachal Wing of Pakistan Rangers, Sindh on main Super Highway in the limits of Gadap City police station was recovered here on Monday. According to police sources, a bomb containing 1
Published 17 Jul, 2012 12:00am
2012 a special year for Pakistan-Japan relations: President

2012 a special year for Pakistan-Japan relations: President

President Asif Ali Zardari on Monday invited Japanese businessmen to take advantage of natural resource potential, trained and hard working work force, geographic location of Pakistan and invest in various sectors for mutual benefit of the two countries.
Published 17 Jul, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
'Price Control Cell' established at chief minister House

'Price Control Cell' established at chief minister House

As per directives of Chief Minister Sindh, Syed Qaim Ali Shah, "Price Control Cell" was established at Chief Minister House under the supervision of Additional Secretary (Co-ordination) aimed at controlling the prices of essential commodities during forth
Published 17 Jul, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
Ephedrine case: Musa granted protective bail

Ephedrine case: Musa granted protective bail

The Lahore High Court, Rawalpindi bench, on Monday granted protective bail to Ali Musa Gilani, son of former Prime Minister Syed Yousuf Raza Gilani, in Ephedrine case.
Published 17 Jul, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
Ephedrine case: Musa granted protective bail

Ephedrine case: Musa granted protective bail

The Lahore High Court, Rawalpindi bench, on Monday granted protective bail to Ali Musa Gilani, son of former Prime Minister Syed Yousuf Raza Gilani, in Ephedrine case.
Published 17 Jul, 2012 12:00am
Dr Juma deposes against Musa, Makhdoom

Dr Juma deposes against Musa, Makhdoom

The then Director General (DG) of Health Department, Dr Rashid Juma, recorded his statement before the court on Monday and claimed Makhdoom Shahabuddin, Ali Musa Gilani and former secretary Khushnood Lashari exerted unlawful pressure on him in connection
Published 17 Jul, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
Dr Juma deposes against Musa, Makhdoom

Dr Juma deposes against Musa, Makhdoom

The then Director General (DG) of Health Department, Dr Rashid Juma, recorded his statement before the court on Monday and claimed Makhdoom Shahabuddin, Ali Musa Gilani and former secretary Khushnood Lashari exerted unlawful pressure on him in connection
Published 17 Jul, 2012 12:00am
PIA invites bids for acquiring four ''Boeing 737-800'' on dry lease

PIA invites bids for acquiring four ''Boeing 737-800'' on dry lease

Bids for acquiring four ''Boeing 737-800'' on dry lease have been unsealed at Pakistan International Airline (PIA) office here on Monday. Although the national carrier has shown keenness to acquire new planes on dry lease, none of the planes offered by th
Published 17 Jul, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
PIA invites bids for acquiring four 'Boeing 737-800' on dry lease

PIA invites bids for acquiring four 'Boeing 737-800' on dry lease

Bids for acquiring four 'Boeing 737-800' on dry lease have been unsealed at Pakistan International Airline (PIA) office here on Monday. Although the national carrier has shown keenness to acquire new planes on dry lease, none of the planes offered by the
Published 17 Jul, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
PIA invites bids for acquiring four 'Boeing 737-800' on dry lease

PIA invites bids for acquiring four 'Boeing 737-800' on dry lease

Bids for acquiring four 'Boeing 737-800' on dry lease have been unsealed at Pakistan International Airline (PIA) office here on Monday. Although the national carrier has shown keenness to acquire new planes on dry lease, none of the planes offered by the
Published 17 Jul, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
GSK clinches deal to buy Human Genome for $3 billion

GSK clinches deal to buy Human Genome for $3 billion

GlaxoSmithKline is to acquire its long-time partner Human Genome Sciences for about $3 billion, ending a three-month hostile pursuit of the US biotech company on friendly terms after sweetening its offer. The purchase price excludes Human Genome''s cash a
Published 17 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 Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
GSK clinches deal to buy Human Genome for $3 billion

GSK clinches deal to buy Human Genome for $3 billion

GlaxoSmithKline is to acquire its long-time partner Human Genome Sciences for about $3 billion, ending a three-month hostile pursuit of the US biotech company on friendly terms after sweetening its offer. The purchase price excludes Human Genome's cash an
Published 17 Jul, 2012 12:00am
GSK clinches deal to buy Human Genome for $3 billion

GSK clinches deal to buy Human Genome for $3 billion

GlaxoSmithKline is to acquire its long-time partner Human Genome Sciences for about $3 billion, ending a three-month hostile pursuit of the US biotech company on friendly terms after sweetening its offer. The purchase price excludes Human Genome's cash an
Published 17 Jul, 2012 12:00am
Banks reconsider Libor panels, RBS pulls out

Banks reconsider Libor panels, RBS pulls out

Banks weighed up the reputational risks from an opaque benchmarking system at the centre of a global rate-rigging scandal as Royal Bank of Scotland pulled out of a Singapore panel setting interbank lending rates.
Published 17 Jul, 2012 12:00am
Banks reconsider Libor panels, RBS pulls out

Banks reconsider Libor panels, RBS pulls out

Banks weighed up the reputational risks from an opaque benchmarking system at the centre of a global rate-rigging scandal as Royal Bank of Scotland pulled out of a Singapore panel setting interbank lending rates.
Published 17 Jul, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
Banks reconsider Libor panels, RBS pulls out

Banks reconsider Libor panels, RBS pulls out

Banks weighed up the reputational risks from an opaque benchmarking system at the centre of a global rate-rigging scandal as Royal Bank of Scotland pulled out of a Singapore panel setting interbank lending rates.
Published 17 Jul, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (July 16, 2012).

Published 17 Jul, 2012 12:00am
Polio campaign troubles imperil 350,000 children

Polio campaign troubles imperil 350,000 children

Govt on Monday postponed a polio immunisation campaign in parts of its tribal belt, jeopardising the health of more than 350,000 children after the Taliban banned inoculations.
Published 17 Jul, 2012 12:00am
Polio campaign troubles imperil 350,000 children

Polio campaign troubles imperil 350,000 children

Govt on Monday postponed a polio immunisation campaign in parts of its tribal belt, jeopardising the health of more than 350,000 children after the Taliban banned inoculations.
Published 17 Jul, 2012 12:00am
Moody''''s downgrades Mobilink''''s ratings

Moody''''s downgrades Mobilink''''s ratings

Moody''''s downgraded the corporate family rating of Pakistan Mobile Communications Limited (Mobilink) to B2 from B1 and the senior unsecured rating to Caa1 from B3.
Published 17 Jul, 2012 12:00am
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