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Print - 2012-08-08
Coal India sets penalty for power project pacts

Coal India sets penalty for power project pacts

State miner Coal India agreed on Tuesday to pay penalties for failing to provide sufficient supplies to new Indian power projects that range from 1.5 to 40 percent of a shortfall, depending on the level of default. It also agreed to pool the prices of imp
Published 08 Aug, 2012 12:00am
Buenos Aires crippled by metro strike

Buenos Aires crippled by metro strike

Argentina's capital was crippled for a fourth day Tuesday by a metro strike that shut down the city's subways and left roads gridlocked with commuters looking for alternate routes. The metro workers union is threatening to extend its strike if their wage
Published 08 Aug, 2012 12:00am
Spain will not seek bailout if new conditions: EU source

Spain will not seek bailout if new conditions: EU source

Spain will not seek eurozone financial aid beyond an agreed rescue for its banks if more conditions than those already agreed for recapitalising lenders are attached, an EU source said Tuesday. Prime Minister Mariano Rajoy is under pressure to call in fin
Published 08 Aug, 2012 12:00am
Morgan Stanley trading-loss frequency up in second quarter

Morgan Stanley trading-loss frequency up in second quarter

Morgan Stanley lost money more frequently in trading during the second quarter than it did in the previous or year-ago periods. The investment bank lost money in 15 of the 64 trading days for the quarter ended June 30, or 23 percent of the time, according
Published 08 Aug, 2012 12:00am
Morgan Stanley trading-loss frequency up in second quarter

Morgan Stanley trading-loss frequency up in second quarter

Morgan Stanley lost money more frequently in trading during the second quarter than it did in the previous or year-ago periods. The investment bank lost money in 15 of the 64 trading days for the quarter ended June 30, or 23 percent of the time, according
Published 08 Aug, 2012 12:00am
Africa's growth may rise to 7 percent a year by 2015

Africa's growth may rise to 7 percent a year by 2015

Africa's growth could rise to 7 percent by the year 2015 Driven by a rush of investors attracted by its drive to improve its infrastructure, the head of the United Nations Development Programme's (UNDP) in Africa said. Ranked as the poorest continent in t
Published 08 Aug, 2012 12:00am
Canada's Ivey PMI index rises in July

Canada's Ivey PMI index rises in July

The pace of purchasing activity in the Canadian economy in July rose to its highest level in four months, according to Ivey Purchasing Managers Index data released on Tuesday. The data showed the seasonally adjusted index climbed to 62.8 in July from 49.0
Published 08 Aug, 2012 12:00am
VTB Bank, CCBank to acquire Bulgarian telecoms firm

VTB Bank, CCBank to acquire Bulgarian telecoms firm

VTB Capital, a unit of Russia's VTB Bank, and Bulgarian lender Corporate Commercial Bank (CCBank) have agreed to take over debt-ridden Bulgarian telecoms company Vivacom, Vivacom said on Tuesday. Vivacom, whose debts amount to 1.65 billion euros ($2.1 bil
Published 08 Aug, 2012 12:00am
Pfizer, J&J scrap Alzheimer's studies as drug fails

Pfizer, J&J scrap Alzheimer's studies as drug fails

Pfizer Inc and Johnson & Johnson scrapped further studies of one of the most anticipated experimental drugs for Alzheimer's disease after it failed to help patients with the memory-robbing condition in a second high-profile clinical trial. The companies s
Published 08 Aug, 2012 12:00am
Greek exit 'manageable' but not 'desirable', says Juncker

Greek exit 'manageable' but not 'desirable', says Juncker

Eurozone finance ministers' group chief Jean-Claude Juncker has said a Greek exit from the eurozone would be "manageable" but not "desirable", according to an interview published Tuesday. "The way things look now, it would be a manageable process," he tol
Published 08 Aug, 2012 12:00am
Seeds items' prices higher on grain market

Seeds items' prices higher on grain market

Seeds items ie rapeseed cakes and cotton seed cakes, prices were higher on the wholesale grain market on Tuesday in process of slow trading, dealers said. On the seed side rapeseed cake low type was higher by Rs 60 to Rs 1180 while the best quality was un
Published 08 Aug, 2012 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot basis bids for hard red winter wheat in the US Plains held steady Tuesday with offers thin and the market reported as lackluster. Farmers continued to await higher prices after selling a good portion of their new crop early. Spotty mill demand was no
Published 08 Aug, 2012 12:00am
Spot rate soars to Rs 5,675 despite easy phutti arrivals

Spot rate soars to Rs 5,675 despite easy phutti arrivals

Official spot rate was higher amid further improved phutti arrivals, dealers said on the cotton market on Tuesday. The official spot rate was raised by Rs 25 to Rs 5675, they said. In the ready business over 16,000 bales of cotton changed hands between Rs
Published 08 Aug, 2012 12:00am
Oil cake market rates

Oil cake market rates

Mixed patterns were seen on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December vaida that had closed at Rs 448.50 opened with a loss of 50 paisa at Rs 448.00 in process of trading, they said. The January con
Published 08 Aug, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 47,893 tonnes of cargo comprising 22,092 tonnes of import cargo and 25,801 tonnes of export cargo including 2,626 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 22,092 tonn
Published 08 Aug, 2012 12:00am
Vietnam's August coffee export down

Vietnam's August coffee export down

Vietnam, the world's largest producer of robusta coffee, is forecast to export between 70,000 and 100,000 tonnes, or 1.17 million to 1.67 million bags, of beans in August, down from the 110,000 tonnes loaded last month, traders said on Tuesday. Falling su
Published 08 Aug, 2012 12:00am
India's July oilmeal exports fall on poor margins

India's July oilmeal exports fall on poor margins

India's oilmeal exports fell 2.6 percent in July, the fourth straight fall since the start of the current fiscal year, as high seed prices crimped crushing margins and a supply squeeze due to drought further hit supplies. India, Asia's top supplier of oil
Published 08 Aug, 2012 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose for the fourth consecutive session at a weekly auction on Tuesday on strong demand from buyers despite higher supply, brokers said. The average price of Bangladeshi tea was 208.59 taka ($2.5) a kg against 206.69 taka per kg a
Published 08 Aug, 2012 12:00am
Iraqi Kurdistan resumes oil exports

Iraqi Kurdistan resumes oil exports

Oil exports from Iraq's northern Kurdistan region restarted on Tuesday at 100,000 barrels per day (bpd) in a bid to end a payment dispute with the central government, a senior Kurdistan Regional Government (KRG) official told Reuters. Exports were halted
Published 08 Aug, 2012 12:00am
Treasuries edge up

Treasuries edge up

US Treasuries prices edged up on Monday before debt sales later in the week that could underscore how much investors are willing to pay for safety amid global market uncertainty. Investors are waiting to see how much demand there will be for $72 billion o
Published 08 Aug, 2012 12:00am
Most Southeast Asian bourses down

Most Southeast Asian bourses down

Most Southeast Asian stock markets eased on Tuesday with Singapore falling from a one-year high, but foreign investors bought into equities in Indonesia and Malaysia amid hopes that Europe will take further action to tackle its debt crisis helped sentimen
Published 08 Aug, 2012 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks finished 0.13 percent higher on Tuesday, but HTC tumbled to a nearly four-year low after the smartphone maker forecast a decline in third-quarter revenue. The main TAIEX index ended up 9.13 points at 7,295.46, led by automobile and food, bot
Published 08 Aug, 2012 12:00am
Wall Street rises to three-month high

Wall Street rises to three-month high

US stocks closed at three-month highs for the second day in a row on Monday, extending last week's rally on the hope for more assistance for the troubled eurozone. The S&P 500 rose to its highest point since early May, but pared its gains going into the c
Published 08 Aug, 2012 12:00am
Nikkei builds on gains, nears 75-day average

Nikkei builds on gains, nears 75-day average

The Nikkei share average rose on Tuesday, extending the previous session's sharp rally and in step with global markets' overnight gains as investors continued to adjust positions in the last throes of Japan's earnings season. Steelmakers provided ballast
Published 08 Aug, 2012 12:00am
Indian shares rally

Indian shares rally

Indian shares touched a four-month high on Tuesday as rate-sensitive companies rallied on hopes the central bank will be pressured into cutting interest rates after the finance minister said high borrowing costs were burdening consumers. The session marke
Published 08 Aug, 2012 12:00am
UK's shops and factories struggle in biting recession

UK's shops and factories struggle in biting recession

Britain's economy is stuck in its bid to beat recession, with data on Tuesday showing retail sales growth slowed in July and manufacturing tumbling in June - presaging another cut to the central bank's growth forecast. Bank of England governor Mervyn King
Published 08 Aug, 2012 12:00am
Treasuries edge up

Treasuries edge up

US Treasuries prices edged up on Monday before debt sales later in the week that could underscore how much investors are willing to pay for safety amid global market uncertainty. Investors are waiting to see how much demand there will be for $72 billion o
Published 08 Aug, 2012 12:00am
Eurozone pain hits German industrial orders

Eurozone pain hits German industrial orders

German industrial orders fell more than expected in June as domestic and euro zone demand faltered, indicating the single currency bloc's debt crisis is taking its toll on Europe's largest economy. Data from the Economy Ministry showed seasonally and pric
Published 08 Aug, 2012 12:00am
Pfizer fined for paying bribes in East Europe, China

Pfizer fined for paying bribes in East Europe, China

The US charged Pfizer and its subsidiary Wyeth on Tuesday with paying millions of dollars in bribes to build their business in Eastern Europe and China, and set hefty fines on the two to settle the charges. The Department of Justice and the Securities and
Published 08 Aug, 2012 12:00am
Church of England loses faith in News Corp shares

Church of England loses faith in News Corp shares

The Church of England has sold all shares in News Corporation held in its investment portfolios on ethical grounds, after a phone hacking scandal at the media empire's UK operations. The Church, which has three national investing bodies, sold the shares w
Published 08 Aug, 2012 12:00am
Church of England loses faith in News Corp shares

Church of England loses faith in News Corp shares

The Church of England has sold all shares in News Corporation held in its investment portfolios on ethical grounds, after a phone hacking scandal at the media empire's UK operations. The Church, which has three national investing bodies, sold the shares w
Published 08 Aug, 2012 12:00am
Freddie Mac posts second quarter profit, seeks no US aid

Freddie Mac posts second quarter profit, seeks no US aid

US government-controlled mortgage finance giant Freddie Mac reported Tuesday $3.0 billion net profit for the second quarter and said it was not seeking US taxpayer aid for the period. Freddie Mac said the profit improvement, from $577 million in the first
Published 08 Aug, 2012 12:00am
Freddie Mac posts second quarter profit, seeks no US aid

Freddie Mac posts second quarter profit, seeks no US aid

US government-controlled mortgage finance giant Freddie Mac reported Tuesday $3.0 billion net profit for the second quarter and said it was not seeking US taxpayer aid for the period. Freddie Mac said the profit improvement, from $577 million in the first
Published 08 Aug, 2012 12:00am
Freddie Mac posts second quarter profit, seeks no US aid

Freddie Mac posts second quarter profit, seeks no US aid

US government-controlled mortgage finance giant Freddie Mac reported Tuesday $3.0 billion net profit for the second quarter and said it was not seeking US taxpayer aid for the period. Freddie Mac said the profit improvement, from $577 million in the first
Published 08 Aug, 2012 12:00am
Italy's recession pain stretches to a year

Italy's recession pain stretches to a year

Italy shrank further into recession in the second quarter for a 2.5 percent yearly decline, data showed on Tuesday, threatening attempts by Mario Monti's technocrat government to control a debt crisis that is undermining the whole euro zone.
Published 08 Aug, 2012 12:00am
Oil jumps to 12-week high

Oil jumps to 12-week high

Oil prices jumped to a 12-week peak on Tuesday as falling North Sea output, support for more bond buying by the US Federal Reserve and Middle East tensions lifted crude futures to a third straight higher settlement. Posting their highest settlements since
Published 08 Aug, 2012 12:00am
APNS team calls on Kaira

APNS team calls on Kaira

A delegation of All Pakistan Newspapers Society (APNS) Tuesday called on Minister for Information and Broadcasting Qamar Zaman Kaira. Matters related to print and media industry, particularly the holding of South Asia Media Summit proposed by APNS, were d
Published 08 Aug, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 07, 2012).

Published 08 Aug, 2012 12:00am
Interest rate dilemma

Interest rate dilemma

It is plausibly argued that a central bank's principal activity is formulation of monetary policy, which should be broadly aimed at controlling money supply and credit conditions for the purpose of achieving certain economic objectives such as price st
Published 08 Aug, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (August 07, 2012).

Published 08 Aug, 2012 12:00am
Chitral needs urgent attention

Chitral needs urgent attention

More disturbing news has come from Khyber Pakhtunkhwa- this time from its Chitral district. According to a statement issued the other day by the province's Home and Tribal Affairs Department, "a large number of unemployed youths belonging to Chitral ha
Published 08 Aug, 2012 12:00am
Energy efficiency

Energy efficiency

Pakistan is facing an energy crunch which knows no bounds. Successive governmental thrusts have come to a naught. The public is fed-up and would want more drastic steps to be taken, but not those which seek even a semblance of sacrifice. They think that t
Published 08 Aug, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (August 07, 2012).

Published 08 Aug, 2012 12:00am
Under the neem tree: Wisdom from Sudan's visa men

Under the neem tree: Wisdom from Sudan's visa men

Intimidated by long queues outside the Egyptian embassy visa office? Puzzled by the visa form? Then head for the neem tree. Beneath the fine-leafed tree, a few dusty metres (yards) from Khartoum's colonial-era Egyptian consular building, is the "office" w
Published 08 Aug, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (August 07, 2012) and for Wednesday (August 08, 2012).
Published 08 Aug, 2012 12:00am
Iran risks increased isolation due to Syria support

Iran risks increased isolation due to Syria support

Iran, already engaged in a long-standing dispute with the West over its nuclear programme, is finding itself increasingly isolated over its support to the Syrian regime. "To have Turkey and Saudi Arabia against you as well as the West - that is going in t
Published 08 Aug, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (August 07, 2012).

Published 08 Aug, 2012 12:00am
Dangerous impasse

Dangerous impasse

Apropos editorial "The situation has the solution" carried by Business Recorder on Monday, there is hardly any doubt about the fact that the country has been facing protracted impasse particularly since the expression of increased hostility by the
Published 08 Aug, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 08 Aug, 2012 12:00am
MQM delegation calls on PTI leaders

MQM delegation calls on PTI leaders

A delegation of Muttahida Qaumi Movement (MQM) led by Dr Farooq Sattar met Pakistan Tehreek-e-Insaf (PTI) leadership here on Tuesday and invited PTI Chairman Imran Khan to visit party headquarter, Nine Zero. The MQM leaders including Dr Farooq Sattar, Raz
Published 08 Aug, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 08 Aug, 2012 12:00am
Government, Supreme Court should avoid confrontation: AGP

Government, Supreme Court should avoid confrontation: AGP

Attorney General for Pakistan (AGP) Irfan Qadir has said it is the government which will take decision regarding filing a review petition against the decision of Supreme Court on contempt law. Talking to a private television channel, he said, "I respect t
Published 08 Aug, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 07, 2012).

Published 08 Aug, 2012 12:00am
Iftikhar asks transporters to visit Turkey

Iftikhar asks transporters to visit Turkey

Khyber Pakhtunkhwa Minister for Information and Transport Mian Iftikhar Hussain stressed on the transporters to visit foreign countries like Turkey to take full advantage of their experiences and make transports system more cohesive. Talking to a delegati
Published 08 Aug, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 07, 2012).

Published 08 Aug, 2012 12:00am
The Weather

The Weather

The weather report on Tuesday (August 07, 2012) and the forecast for Wednesday (August 08, 2012).

Published 08 Aug, 2012 12:00am
Nestle's profit after tax up Rs 2.911 billion

Nestle's profit after tax up Rs 2.911 billion

The profit after tax of Nestle Pakistan Limited has increased to Rs 2.911 billion in the half year period ended June 30, 2012 as compared to Rs 2.63 billion earned in the corresponding period in 2011. The board of directors of the company in its meeting h
Published 08 Aug, 2012 12:00am
Nestle's profit after tax up Rs 2.911 billion

Nestle's profit after tax up Rs 2.911 billion

The profit after tax of Nestle Pakistan Limited has increased to Rs 2.911 billion in the half year period ended June 30, 2012 as compared to Rs 2.63 billion earned in the corresponding period in 2011. The board of directors of the company in its meeting h
Published 08 Aug, 2012 12:00am
Clash with judiciary: government's plan to be foiled: JI leader

Clash with judiciary: government's plan to be foiled: JI leader

Secretary General, Jamaat-i-Islami, Liaquat Baloch, has said that the government's plan for a clash with the judiciary would be foiled by the parliamentarians themselves. The members of the parliament from the ruling parties as well as the opposition won'
Published 08 Aug, 2012 12:00am
39 percent professionals sit idle during loadshedding: report

39 percent professionals sit idle during loadshedding: report

Some 91 percent of professionals have reported productivity losses due to load shedding at workplace with 64 percent saying that the losses have been very significant. A latest survey by ROZEE.PK that invited over 3000 respondents from all over Pakistan (
Published 08 Aug, 2012 12:00am
JUI opposes proposed military operation in North Waziristan

JUI opposes proposed military operation in North Waziristan

Opposing the Pak-US pact regarding a joint military operation in North Waziristan Agency, Jamiat Ulama-e-Islam (JUI) Khyber agency chapter on Tuesday asked the government to follow the way of negotiation instead of military offensive. "This sort of milita
Published 08 Aug, 2012 12:00am
LDA to execute nine projects to improve physical infrastructure

LDA to execute nine projects to improve physical infrastructure

Lahore Development Authority (LDA) will execute as many as nine development projects in various localities of the city at a total cost of Rs 1.104 billion for improving the physical infrastructure in the provincial metropolis. This was decided in the gove
Published 08 Aug, 2012 12:00am
Ramazan Bazaars: prices of essential items stabilise: Secretary

Ramazan Bazaars: prices of essential items stabilise: Secretary

Secretary Industries Punjab, Dr Sujaat Ali has said that the subsidy of four billion rupees given by the government on essential commodities in holy month of Ramazan has provided relief to the citizens and edibles are available in abundance in Ramazan Baz
Published 08 Aug, 2012 12:00am
PCGA, Apoma reject SRO-602(1)

PCGA, Apoma reject SRO-602(1)

Pakistan Cotton Ginners Association (PCGA) and All Pakistan Oil Mills Association (Apoma) have rejected the SRO-602(1)2012 describing it unjust and inapplicable and repugnant to basic human rights. He said there were some serious anomalies in the SRO and
Published 08 Aug, 2012 12:00am
HEC scholar completes PhD

HEC scholar completes PhD

Dr Abdul Wahab, a lecturer in COMSATS Institute of IT, has completed his PhD in merely two years. He was selected for MS leading to PhD studies in Applied Mathematics under HEC's foreign scholarship programme PhD in Natural and Basic Sciences, France. He
Published 08 Aug, 2012 12:00am
AIMC hosts seminar

AIMC hosts seminar

Allama Iqbal Medical College (AIMC) arranged a seminar for doctors and nurses in a bid to raise awareness apart from eradicating dengue fever. Dr Professor Hafiz Ejaz Ahmed and Dr Zaman Khan apprised the doctors and nurses of the immediate diagnosis and t
Published 08 Aug, 2012 12:00am
Finance Ministry directed to release funds to HEC

Finance Ministry directed to release funds to HEC

The National Assembly Standing Committee on Professional and Technical Training on Tuesday directed the Ministry of Finance to release the funds to the Higher Education Commission (HEC) at the earliest in order to overcome its financial crisis. The commit
Published 08 Aug, 2012 12:00am
Latest edition of 'Sakhan' published

Latest edition of 'Sakhan' published

The latest edition of 'Sakhan', the magazine of Punjab University's Department of Urdu has been published. It consists of creative writings by renowned poets, writers, as well as students and faculty members of the department. It also contains coverage of
Published 08 Aug, 2012 12:00am
Punjab chief minister inaugurates Mian Nawaz Sharif Hospital

Punjab chief minister inaugurates Mian Nawaz Sharif Hospital

Punjab Chief Minister Mian Shahbaz Sharif met Khawaja Muhammad Masood- Chairman of Mehmood group of Industries, Khawaja Muhammad Younas and Chairman of Nishtar Hospital & College board of management, Khawaja Jalaluddin Roomi while he came to inaugurate th
Published 08 Aug, 2012 12:00am
Garment prices surge ahead of Eid

Garment prices surge ahead of Eid

Prices of all branded and non-branded men, women and children's wear surged by 20 to 25 percent with the advent of Eid shopping in twin cities-Islamabad and Rawalpindi, revealed a survey conducted by Business Recorder on Tuesday. Eid shoppers thron
Published 08 Aug, 2012 12:00am
Year 2012-13: PSC approves budget for seed procurement

Year 2012-13: PSC approves budget for seed procurement

Budget for seed procurement of all major crops by the Punjab Seed Corporation (PSC) amounting Rs 3045.41 million has been approved for the year 2012-13. Minister for Agriculture Punjab, Malik Ahmad Ali has chaired the Board of Directors meeting here on Tu
Published 08 Aug, 2012 12:00am
Tahir promoted as D&SJ

Tahir promoted as D&SJ

The Chief Justice of the Lahore High Court (LHC) here on Tuesday promoting AD&SJ Tahir Sabir as D&SJ posted him as registrar LHC Bahawalpur bench. The CJ also placed the services of AD&SJ Muhammad Rafiq at the disposal of the government for his appointmen
Published 08 Aug, 2012 12:00am
Beggars of all ages storm city

Beggars of all ages storm city

Beggars of all ages have stormed the city during Ramazan in order to make money by exploiting religious sentiments of the people on the occasion. A large number of beggars including men, women and children have arrived from other cities, villages and outs
Published 08 Aug, 2012 12:00am
'Outages in top power producing province unjustified'

'Outages in top power producing province unjustified'

Massive power cuts in the province which was the top power producer was totally unjustified, Khyber-Pakhtunkhwa Minister for Prisons Mian Nisar Gul Kakakhel said on Tuesday. He said that the province was the top producer of hydropower and prepared an acti
Published 08 Aug, 2012 12:00am
Prime Minister expected to visit Thar coal project site this week

Prime Minister expected to visit Thar coal project site this week

Thar coal development project is said to be progressing at a slow pace as federal government has not made any commitment to give Rs 148 billion required for infrastructure development, well informed sources told Business Recorder. Prime Minister Ra
Published 08 Aug, 2012 12:00am
Former DAG vows struggle against illegal occupation of land

Former DAG vows struggle against illegal occupation of land

Former Deputy Attorney General, Khurshid Ahmad Khan said that he would continue to struggle for retrieving of illegal occupation on public property owned by Ladies Club in University town, Peshawar in spite of de-notifying him from the office.
Published 08 Aug, 2012 12:00am
SUTA holds rally in favour of demands

SUTA holds rally in favour of demands

The Sindh University Teachers Association (SUTA) supported by a number of civil society organisations took out a rally in favour of their demands on Tuesday pursuing a 4-point agenda for the university reforms. The participants of the rally walked up to t
Published 08 Aug, 2012 12:00am
Traders protest against power outages

Traders protest against power outages

Traders took out a protest rally against excessive and unannounced electricity load shedding in Gunj city circular area, warned if the government would fail to end the prolonged outages, will go on shutter down strike. The protest rally was led by Preside
Published 08 Aug, 2012 12:00am
SU approves computer allowance for employees

SU approves computer allowance for employees

University of Sindh Vice Chancellor Dr Nazir A Mughal has approved computer allowance for those employees who are operating computers in a wake of their long-standing demand. In a notification issued here, the university administration said that Rs 750 pe
Published 08 Aug, 2012 12:00am
OGDC to announce Fiscal Year 2012 corporate results tomorrow

OGDC to announce Fiscal Year 2012 corporate results tomorrow

The index heavyweight, Oil and Gas Development Company (OGDC), is scheduled to announce its FY12 corporate results on Thursday (August 09) and it is expected the company's earning to grow by 49 percent to Rs 94.3 billion, analysts said. The company's earn
Published 08 Aug, 2012 12:00am
Constable killed

Constable killed

Pakistan Railways police constable lost his life in a chivalric act of saving a child who was about to be crushed by a train. As per details 33 Up Super Express train was crossing Landhi railway station when suddenly a child jumped on the track of the tra
Published 08 Aug, 2012 12:00am
Hashish smuggling case: main accused arrested: customs

Hashish smuggling case: main accused arrested: customs

Pakistan Customs on Monday claimed to have arrested one of the main accused persons in Hashish smuggling case after hectic efforts of 12 years. According to the statement issued by Customs department here on Tuesday, on May, 30 2000, the staff of Model Co
Published 08 Aug, 2012 12:00am
PPP parliamentary party meeting held

PPP parliamentary party meeting held

The Sindh Chief Minister Syed Qaim Ali Shah here on Tuesday presided over a meeting of PPP Parliamentary Party held at Chief Minister's Chamber at Sindh Assembly building. The meeting evolved strategy for the assembly session and various decisions were ma
Published 08 Aug, 2012 12:00am
MCB declares second interim dividend

MCB declares second interim dividend

The Board of Directors of MCB Bank Ltd has declared second interim cash dividend of Rs 4.0 in addition to first interim cash dividend of Rs 3.0 already paid, a statement from MCB Bank head office said on Tuesday.
Published 08 Aug, 2012 12:00am
MCB declares second interim dividend

MCB declares second interim dividend

The Board of Directors of MCB Bank Ltd has declared second interim cash dividend of Rs 4.0 in addition to first interim cash dividend of Rs 3.0 already paid, a statement from MCB Bank head office said on Tuesday.
Published 08 Aug, 2012 12:00am
Lesco told to submit power cut schedule

Lesco told to submit power cut schedule

Chief Justice of the Lahore High Court directed Lesco to submit the schedule of power outages for the past six months and adhere strictly to the schedule till the next date of hearing on August 17. The court was hearing various petitions filed about power
Published 08 Aug, 2012 12:00am
Sindh PPP lawmakers say Parliament is supreme

Sindh PPP lawmakers say Parliament is supreme

Pakistan Peoples Party's (PPP) lawmakers questioned the judiciary's legal limitations while Muttahida Qaumi Movement (MQM) upholds the Constitution supreme over all institutions on Tuesday during the Sindh Assembly session. Hard-toned speech of Sindh Info
Published 08 Aug, 2012 12:00am
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