News Archives for Print - 2012-08-12

Festivity in Khyber Pakhtunkhwa ahead of Independence Day

Independence Day celebration is getting underway with national spirit and zeal in the province metropolis, like other parts of the country. People from different walk of life swarm to stalls set up in different bazaars to buy national flags, stickers, bun

Published 12 Aug, 2012 12:00am

Five notorious criminals arrested

Special Investigation Unit (SIU) of Sindh police on Saturday claimed to have arrested five notorious felons, who were allegedly involved in the murder of Rangers' personnel in Aram Bagh, in separate raids at various parts of the city.

Published 12 Aug, 2012 12:00am

Farmers advised to take timely steps to protect crops

Farmers should take timely precautions to protect their crops, livestock and other property keeping in mind the current monsoon situation, the Met Office advised on Saturday. It advised farmers to suitably irrigate their crops to offset the effects of hot

Published 12 Aug, 2012 12:00am

Chief Justice LHC constitutes 14 benches

Chief Justice Lahore High Court (LHC) here on Saturday constituted three division benches and eleven single benches for the disposal of the cases pending at the principal seat of the august court. According to a notification issued division benches are he

Published 12 Aug, 2012 12:00am

A big support to private sector: LCCI

The Lahore Chamber of Commerce and Industry (LCCI) Saturday said that the State Bank Pakistan decision to cut interest rate will help stimulate private sector growth and a flagging economy. The LCCI President Irfan Qaiser Sheikh in a statement said the Go

Published 12 Aug, 2012 12:00am

PIAF urges government to resolve energy crisis

Pakistan Industrial and Traders Association Front (PIAF) while welcoming 1.5 per cent cut in discount rate, urged the government to overcome energy crisis so that the economic benefits of the decision could be achieved. The PIAF Chairman Sohail Lashari on

Published 12 Aug, 2012 12:00am

Business community hails cut in key discount rate

The trade and industry community has welcomed the State Bank of Pakistan (SBP)'s move to reduce discount rate by 1.5 percent in its monetary policy announced on Friday. While appreciating the SBP move to slash its benchmark interest rate by 1.5 percent fr

Published 12 Aug, 2012 12:00am

Central bank's decision to help spur growth: SCCI

President Sialkot Chamber of Commerce and Industry (SCCI) Naeem Anwar Qureshi has appreciated the decision of State Bank of Pakistan to reduce mark up rate by 1.5 per cent on all loans. He said that the decision would not only generate economic activity b

Published 12 Aug, 2012 12:00am

Punjab Youth Festival from August 25

Punjab Youth Festival will start from August 25 under which the competitions from Union Council level to Divisional level would be held. Nine games would be part of the festival being organised under the special directives of Chief Minister Punjab, Muhamm

Published 12 Aug, 2012 12:00am

Textile exporters term SBP decision 'a good message'

Textile exporters have hailed the State Bank's decision to slash discount rate by 150 basis points to 10.5 percent and termed it as progressive and realistic support to Pakistani textile exports. Reduction in interest rate is a step in the right direction

Published 12 Aug, 2012 12:00am

MCCI welcomes SBP decision

The business community of Multan and Southern Punjab on Saturday welcomed the State Bank's decision of reducing the mark up rate by 150 basis points. State Bank of Pakistan (SBP) has announced in its monetary policy to reduce the mark up rate by 1.5 per c

Published 12 Aug, 2012 12:00am

17 robberies, nine car-jackings reported in capital

Incidents of crime witnessed a sharp increase in the city despite tall claims of strict security arrangements, as police registered 17 cases of robberies and nine cases of car-jackings last week. Citizens complained that car thefts, robberies and other cr

Published 12 Aug, 2012 12:00am

International Youth Day

The youth in Pakistan has been suffering from various problems such as starvation, poverty, education, health, drug exploitation, childhood felony, recreational events and the serious issue of unemployment. Nevertheless, the best approach to curbing unemp

Published 12 Aug, 2012 12:00am

Conflicting parties in Syria battle it out over the web

Government troops and rebels in Syria are fighting in villages and cities, but the civil war is also being played out on the internet. The cyber war is being fought on a global scale as internet warriors and hacker activists - called hactivists - are form

Published 12 Aug, 2012 12:00am

A history of ICI in Pakistan: Story of an icon

In the late 1920s, soon after the founding of Imperial Chemical Industries (ICI) in 1926 by the merger of four great British Corporations (including British Dyestuffs, Nobel Explosives and Brunner Mond), Lord McGowan the founding Chairman set forth into t

Published 12 Aug, 2012 12:00am

The middle way

There is an element of inevitability to the ongoing tussle between the parliament-backed executive and the judiciary - in that the Supreme Court cannot spare Raja Pervez Ashraf after punishing Yousuf Raza Gilani while the PPP leadership remains resolut

Published 12 Aug, 2012 12:00am

The Syrian cauldron

At international conferences it's not the message alone but the level of participation that conveys the position of a participating state on the issue at the table. At the conference in Tehran recently hosted by Iran on the civil war in Syria, which is

Published 12 Aug, 2012 12:00am

1999-2011: only 33 percent increase in consumption of electricity in Khyber Pakhtunkhwa

The consumption of electricity during the period of 1999-2011 increased only 33 percent in Khyber Pakhtunkhwa as compare to total national consumption of 69 percent during the same period. This has been stated in a study conducted by the Ilyas Bilour Cent

Published 12 Aug, 2012 12:00am

Research Director appointed

The Associate Professor and Chairman Department of Educational Management and Supervision Faculty of Education Dr Abdul Satta Almani has been assigned to work as Director In charge, Research and Graduated Studies with immediate effect in addition to his o

Published 12 Aug, 2012 12:00am

Engro Foods celebrates milestone

Engro Foods Limited, a subsidiary of Engro Corporation, celebrated their success on the momentous occasion of Pakistan's 65th Independence Day as it unveiled its corporate campaign - Khud Pakistan - showcasing the roots of the company as being one of Paki

Published 12 Aug, 2012 12:00am

'Supreme Court Registrar constitutionally bound to appear before PAC'

The Registrar Supreme Court of Pakistan is constitutionally bound to appear before Public Accounts Committee (PAC), as it is the only parliamentary watchdog which reviews the audits paras of all government institutions. This was stated by Yasmeen Rehman,

Published 12 Aug, 2012 12:00am

40-year-long love story reaches its climax!

A forty years long love story reached its climax as a 62-year-old man got married to his beloved here on Saturday. Forty years ago, Muhammad Sharif fell in love with Nasim Bibi, who was his neighbour. She was then married with a man named Rafiq. Nasim's h

Published 12 Aug, 2012 12:00am

Signing PTA: Pakistan to hold negotiations with Tunisia

Pakistan is to start negotiations with Tunisia for signing Preferential Trade Agreement (PTA) which will be beneficial for the country's textile sector, well-informed sources in Commerce Ministry told Business Recorder.

Published 12 Aug, 2012 12:00am

FO transportation: PSO signs MoU with PNSC

Pakistan State Oil (PSO), the nation's leading energy company has signed a Memorandum of Understanding (MoU) with Pakistan National Shipping Corporation (PNSC) for the usage of PNSC vessels for transportation of imported furnace oil to Pakistan. The signi

Published 12 Aug, 2012 12:00am

Rawalpindi & Islamabad hit by acute water shortage

Acute water shortage has gripped twin cities of Rawalpindi and Islamabad, increasing miseries of the citizens, as the majority of the population is vying for water despite increase in level of water reservoirs in and around twin city during the current mo

Published 12 Aug, 2012 12:00am

Power shortfall reduces to 3350 megawatts mark

Power shortfall reduced further to 3348MW with fresh spell of rain in the city. However, unannounced load shedding is yet the hallmark of the system, leaving the consumers at the mercy of power outages after every alternate hour. According to the Energy M

Published 12 Aug, 2012 12:00am

Government ignores 'Hawkers' Zone' project

No government authority in the city is looking into the matters of "Hawkers' Zone" project, started by defunct Karachi City District Government, once the small cabins are provided to people under the project. Enjoying the absence of any authority, the cab

Published 12 Aug, 2012 12:00am

Murad Ali Shah gets additional portfolio

Sindh Chief Minister Syed Qaim Ali Shah has re-allocated the additional portfolio of energy, including hydel, thermal, oil and gas-based electricity (excluding coal-based energy and alternate energy) to provincial Minister for Finance Syed Murad Ali Shah

Published 12 Aug, 2012 12:00am

13 militants killed in airstrikes

At least 13 militants were killed when jet fighters attacked hideouts of rebels in north-western region, official said Saturday. The airstrikes targeted the Momazai area of Orakzai, one of seven tribal districts, where the military is trying to eliminate

Published 12 Aug, 2012 12:00am

Members of minorities equal citizens: Farooq Sattar

Minorities were promised equal rights in Quaid-i-Azam Muhammad Ali Jinnah's 1947 address and Article 2B of the Constitution, federal Minister for Overseas Pakistanis and Deputy Convenor of Muttahida Qaumi Movement's (MQM) Co-ordination Committee Dr Farooq

Published 12 Aug, 2012 12:00am

Four more shot dead in Karachi

At least four persons including an activist of Muttahida Qaumi Movement were killed and five others sustained injuries in separate incidents of violence at various parts of the metropolis, here on Saturday. According to police and rescue sources, unidenti

Published 12 Aug, 2012 12:00am

BBC sued over 'cash for medals' allegations

With the men's Olympic boxing medals to be decided this weekend, the sports' governing body announced Saturday it is sueing the BBC over repeated allegations of cash for medals. The International Boxing Association (AIBA) has begun legal action after the

Published 12 Aug, 2012 12:00am

BBC sued over 'cash for medals' allegations

With the men's Olympic boxing medals to be decided this weekend, the sports' governing body announced Saturday it is sueing the BBC over repeated allegations of cash for medals. The International Boxing Association (AIBA) has begun legal action after the

Published 12 Aug, 2012 12:00am

Slum boy tops Punjab University BA annual exams

Muhammad Mohsin, who works at a Tandoor in Hafizabad town of Punjab, has topped annual exams for BA. Mohsin got first position by securing 688 numbers. He said he lived in a hut and works for a Tandoor. He said that he belonged to a poor family and helped

Published 12 Aug, 2012 12:00am

Slum boy tops Punjab University BA annual exams

Muhammad Mohsin, who works at a Tandoor in Hafizabad town of Punjab, has topped annual exams for BA. Mohsin got first position by securing 688 numbers. He said he lived in a hut and works for a Tandoor. He said that he belonged to a poor family and helped

Published 12 Aug, 2012 12:00am

SRB, PRA not legally authorised to file complaints with FTO

There are emerging issues between Sindh Revenue Board and Punjab Revenue Authority on the imposition of sales tax, however, they are not legally authorised to file complaints with Federal Tax Ombudsman (FTO) Office Islamabad. One emerging issue is the lev

Published 12 Aug, 2012 12:00am

SRB, PRA not legally authorised to file complaints with FTO

There are emerging issues between Sindh Revenue Board and Punjab Revenue Authority on the imposition of sales tax, however, they are not legally authorised to file complaints with Federal Tax Ombudsman (FTO) Office Islamabad. One emerging issue is the lev

Published 12 Aug, 2012 12:00am

SRB, PRA not legally authorised to file complaints with FTO

There are emerging issues between Sindh Revenue Board and Punjab Revenue Authority on the imposition of sales tax, however, they are not legally authorised to file complaints with Federal Tax Ombudsman (FTO) Office Islamabad. One emerging issue is the lev

Published 12 Aug, 2012 12:00am

Indian white sugar rises further; Pakistan may issue permits

Indian white sugar prices rose further this week after poor monsoon rains prompted exporters to hold back stocks, while neighbouring Pakistan may issue export licences soon, dealers said on Wednesday. In Southeast Asia, Indonesia was to release import per

Published 12 Aug, 2012 12:00am

Indian white sugar rises further; Pakistan may issue permits

Indian white sugar prices rose further this week after poor monsoon rains prompted exporters to hold back stocks, while neighbouring Pakistan may issue export licences soon, dealers said on Wednesday. In Southeast Asia, Indonesia was to release import per

Published 12 Aug, 2012 12:00am

Indian white sugar rises further; Pakistan may issue permits

Indian white sugar prices rose further this week after poor monsoon rains prompted exporters to hold back stocks, while neighbouring Pakistan may issue export licences soon, dealers said on Wednesday. In Southeast Asia, Indonesia was to release import per

Published 12 Aug, 2012 12:00am

52 die in India as bus plunges into gorge

At least 52 people were killed and 45 injured when a heavily overloaded bus plunged into a gorge Saturday in northern India, in one of the worst road accidents in the country in recent years. The bus, which was carrying over 100 passengers - many of them

Published 12 Aug, 2012 12:00am

52 die in India as bus plunges into gorge

At least 52 people were killed and 45 injured when a heavily overloaded bus plunged into a gorge Saturday in northern India, in one of the worst road accidents in the country in recent years. The bus, which was carrying over 100 passengers - many of them

Published 12 Aug, 2012 12:00am

Prices of essential items remain on the high side

Prices of most of the essential kitchen items remained on high side during the week past as compared to the preceding week, reveals a survey carried out by Business Recorder here on Saturday. Traders and wholesalers in different markets of the twin

Published 12 Aug, 2012 12:00am

Prices of essential items remain on the high side

Prices of most of the essential kitchen items remained on high side during the week past as compared to the preceding week, reveals a survey carried out by Business Recorder here on Saturday. Traders and wholesalers in different markets of the twin

Published 12 Aug, 2012 12:00am

Prices of essential items remain on the high side

Prices of most of the essential kitchen items remained on high side during the week past as compared to the preceding week, reveals a survey carried out by Business Recorder here on Saturday. Traders and wholesalers in different markets of the twin

Published 12 Aug, 2012 12:00am

EU launches probe into dumping of Indian steel wire

The European Commission said it had received an anti-dumping complaint by European steel producers'' group Eurofer against imports of stainless steel wires from India. The complaint alleges that producers of certain types of steel wire have benefited from

Published 12 Aug, 2012 12:00am

EU launches probe into dumping of Indian steel wire

The European Commission said it had received an anti-dumping complaint by European steel producers' group Eurofer against imports of stainless steel wires from India. The complaint alleges that producers of certain types of steel wire have benefited from

Published 12 Aug, 2012 12:00am

EU launches probe into dumping of Indian steel wire

The European Commission said it had received an anti-dumping complaint by European steel producers' group Eurofer against imports of stainless steel wires from India. The complaint alleges that producers of certain types of steel wire have benefited from

Published 12 Aug, 2012 12:00am

13 die as lightning strikes Bangladesh mosque

At least 13 Muslim worshippers were killed and 15 hurt when lightning struck a mosque in a remote village in north-east Bangladesh as they held special Ramazan prayers, police said on Saturday. The Imam was among those instantly killed when a lightning bo

Published 12 Aug, 2012 12:00am

13 die as lightning strikes Bangladesh mosque

At least 13 Muslim worshippers were killed and 15 hurt when lightning struck a mosque in a remote village in north-east Bangladesh as they held special Ramazan prayers, police said on Saturday. The Imam was among those instantly killed when a lightning bo

Published 12 Aug, 2012 12:00am

Pakistan blocks 15 websites featuring clips of politicians

Pakistan on Saturday moved to block more than a dozen websites over YouTube clips featuring two prominent parliamentarians, and allegations of a secret marriage of the boss of the country''''s state-run television. The order, from the Pakistan Telecommuni

Published 12 Aug, 2012 12:00am

Pakistan blocks 15 websites featuring clips of politicians

Pakistan on Saturday moved to block more than a dozen websites over YouTube clips featuring two prominent parliamentarians, and allegations of a secret marriage of the boss of the country''s state-run television. The order, from the Pakistan Telecommunica

Published 12 Aug, 2012 12:00am

Pakistan blocks 15 websites featuring clips of politicians

Pakistan on Saturday moved to block more than a dozen websites over YouTube clips featuring two prominent parliamentarians, and allegations of a secret marriage of the boss of the country's state-run television. The order, from the Pakistan Telecommunicat

Published 12 Aug, 2012 12:00am

Pakistan blocks 15 websites featuring clips of politicians

Pakistan on Saturday moved to block more than a dozen websites over YouTube clips featuring two prominent parliamentarians, and allegations of a secret marriage of the boss of the country's state-run television. The order, from the Pakistan Telecommunicat

Published 12 Aug, 2012 12:00am

'Teddy bear' stunt Swedes say summoned by Belarus KGB

Three Swedes behind the so-called "teddy bear" stunt in Belarus which is believed to have sparked a diplomatic row with Stockholm have been summoned by Minsk's KGB security police, they said Saturday. "We've received a document from the KGB. ... Three of

Published 12 Aug, 2012 12:00am

Guyana police, protesters clash over electricity

Government offices were burnt down Friday amid fresh clashes in south-eastern Guyana over rising electricity rates and claims that officers killed demonstrators, officials said. Soldiers were deployed to assist police in removing huge logs and other obstr

Published 12 Aug, 2012 12:00am

Time and CNN suspend Fareed Zakaria for plagiarism

CNN host and Time magazine contributing editor-at-large Fareed Zakaria was suspended by his employers on Friday after he acknowledged copying material for a recent column he wrote about gun control from another writer. Time said it was suspending Zakaria

Published 12 Aug, 2012 12:00am

Obama in warm defence of Clinton's Muslim aide

US President Barack Obama offered a warm personal tribute to Hillary Clinton's close aide Huma Abedin, who some conservative Republicans claim has ties to the Muslim Brotherhood. Obama used the occasion of a dinner celebrating Ramazan to pour praise on hi

Published 12 Aug, 2012 12:00am

Telecom sector criticises ''media trial''

The telecom sector has refuted reports appearing in a section of the press, accusing it of evading sales tax on interconnection charges over the past five years. A joint statement issued by the telecom companies said that the media reports, in which NAB c

Published 12 Aug, 2012 12:00am

Telecom sector criticises 'media trial'

The telecom sector has refuted reports appearing in a section of the press, accusing it of evading sales tax on interconnection charges over the past five years. A joint statement issued by the telecom companies said that the media reports, in which NAB c

Published 12 Aug, 2012 12:00am

Telecom sector criticises 'media trial'

The telecom sector has refuted reports appearing in a section of the press, accusing it of evading sales tax on interconnection charges over the past five years. A joint statement issued by the telecom companies said that the media reports, in which NAB c

Published 12 Aug, 2012 12:00am

Non-serious attitude of policymakers: India begins work on another hydel project on Jhelum

India has started work on another controversial hydroelectric project on Jhelum River in held Kashmir in violation of the Indus Water Treaty, but Pakistani policymakers are not taking it seriously, it is learnt reliably. The 105-megawatt Gantamulla be tak

Published 12 Aug, 2012 12:00am

Non-serious attitude of policymakers: India begins work on another hydel project on Jhelum

India has started work on another controversial hydroelectric project on Jhelum River in held Kashmir in violation of the Indus Water Treaty, but Pakistani policymakers are not taking it seriously, it is learnt reliably. The 105-megawatt Gantamulla be tak

Published 12 Aug, 2012 12:00am

Non-serious attitude of policymakers: India begins work on another hydel project on Jhelum

India has started work on another controversial hydroelectric project on Jhelum River in held Kashmir in violation of the Indus Water Treaty, but Pakistani policymakers are not taking it seriously, it is learnt reliably. The 105-megawatt Gantamulla be tak

Published 12 Aug, 2012 12:00am

Nepra may allow another hike in KESC tariff

National Electric Power Regulatory Authority (Nepra) may give another hike in power tariff of Karachi Electric Supply Company against fuel adjustment surcharges and operation and maintenance costs. Nepra, which has allowed Rs 1.66 per kilowatt hour increa

Published 12 Aug, 2012 12:00am

Nepra may allow another hike in KESC tariff

National Electric Power Regulatory Authority (Nepra) may give another hike in power tariff of Karachi Electric Supply Company against fuel adjustment surcharges and operation and maintenance costs. Nepra, which has allowed Rs 1.66 per kilowatt hour increa

Published 12 Aug, 2012 12:00am

Nepra may allow another hike in KESC tariff

National Electric Power Regulatory Authority (Nepra) may give another hike in power tariff of Karachi Electric Supply Company against fuel adjustment surcharges and operation and maintenance costs. Nepra, which has allowed Rs 1.66 per kilowatt hour increa

Published 12 Aug, 2012 12:00am

Government trying to resolve energy crisis: minister

The government is making all-out efforts to overcome electricity crisis, Minister for Water and Power Chaudhry Ahmed Mukhtar said on Saturday. He was talking to media persons after attending a meeting of the special committee of the Council of Common Inte

Published 12 Aug, 2012 12:00am

Government trying to resolve energy crisis: minister

The government is making all-out efforts to overcome electricity crisis, Minister for Water and Power Chaudhry Ahmed Mukhtar said on Saturday. He was talking to media persons after attending a meeting of the special committee of the Council of Common Inte

Published 12 Aug, 2012 12:00am

Government trying to resolve energy crisis: minister

The government is making all-out efforts to overcome electricity crisis, Minister for Water and Power Chaudhry Ahmed Mukhtar said on Saturday. He was talking to media persons after attending a meeting of the special committee of the Council of Common Inte

Published 12 Aug, 2012 12:00am

Inefficient recovery system: power sector suffers Rs 85 billion loss in fiscal year 2012

Power sector faced a loss of Rs 85 billion during FY2011-12 on account of gap between billed amount and collections because of distribution companies'' inefficient recovery system. Sources told Business Recorder that the total billing by distributi

Published 12 Aug, 2012 12:00am

Inefficient recovery system: power sector suffers Rs 85 billion loss in fiscal year 2012

Power sector faced a loss of Rs 85 billion during FY2011-12 on account of gap between billed amount and collections because of distribution companies' inefficient recovery system. Sources told Business Recorder that the total billing by distributio

Published 12 Aug, 2012 12:00am

Inefficient recovery system: power sector suffers Rs 85 billion loss in fiscal year 2012

Power sector faced a loss of Rs 85 billion during FY2011-12 on account of gap between billed amount and collections because of distribution companies' inefficient recovery system. Sources told Business Recorder that the total billing by distributio

Published 12 Aug, 2012 12:00am

US asked to seal border for North Waziristan push

Pakistan has told Washington that US forces must seal the Afghan border in the event of any offensive against the al Qaeda-linked Haqqani network in North Waziristan, an official said Saturday. The Haqqanis, blamed for some of the deadliest attacks in Afg

Published 12 Aug, 2012 12:00am

US asked to seal border for North Waziristan push

Pakistan has told Washington that US forces must seal the Afghan border in the event of any offensive against the al Qaeda-linked Haqqani network in North Waziristan, an official said Saturday. The Haqqanis, blamed for some of the deadliest attacks in Afg

Published 12 Aug, 2012 12:00am

StanChart, regulators in settlement talks

Standard Chartered is in talks with multiple law-enforcement officials, including New York''s banking regulator, to resolve a probe into improper Iranian money transactions by the British bank, according to people familiar with the situation.

Published 12 Aug, 2012 12:00am

StanChart, regulators in settlement talks

Standard Chartered is in talks with multiple law-enforcement officials, including New York's banking regulator, to resolve a probe into improper Iranian money transactions by the British bank, according to people familiar with the situation.

Published 12 Aug, 2012 12:00am

StanChart, regulators in settlement talks

Standard Chartered is in talks with multiple law-enforcement officials, including New York's banking regulator, to resolve a probe into improper Iranian money transactions by the British bank, according to people familiar with the situation.

Published 12 Aug, 2012 12:00am

Two killed in Mumbai as city protest turns violent

At least two people were killed and another 46 injured on Saturday in south Mumbai when a rally to condemn deadly sectarian clashes in India's north-east suddenly turned violent, authorities said. Three broadcast vans belonging to local television channel

Published 12 Aug, 2012 12:00am

Two killed in Mumbai as city protest turns violent

At least two people were killed and another 46 injured on Saturday in south Mumbai when a rally to condemn deadly sectarian clashes in India's north-east suddenly turned violent, authorities said. Three broadcast vans belonging to local television channel

Published 12 Aug, 2012 12:00am

Government's legal experts call for avoiding confrontation

A section of the government's legal experts are exhibiting a dovish attitude and have expressed optimism that a middle way would be found to avoid further confrontation between the executive and the judiciary in the NRO implementation case.

Published 12 Aug, 2012 12:00am

Government's legal experts call for avoiding confrontation

A section of the government's legal experts are exhibiting a dovish attitude and have expressed optimism that a middle way would be found to avoid further confrontation between the executive and the judiciary in the NRO implementation case.

Published 12 Aug, 2012 12:00am

NRO implementation verdict: five-member Supreme Court bench to hear review petition on August 15

The Supreme Court has constituted a five-member special bench to hear on 15 August the review petition filed by the government against the NRO implementation verdict. The hearing is to decide the validity of the Court's 12 July orders well before 27 Augus

Published 12 Aug, 2012 12:00am

NRO implementation verdict: five-member Supreme Court bench to hear review petition on August 15

The Supreme Court has constituted a five-member special bench to hear on 15 August the review petition filed by the government against the NRO implementation verdict. The hearing is to decide the validity of the Court's 12 July orders well before 27 Augus

Published 12 Aug, 2012 12:00am

US, Turkey to explore imposing Syria no-fly zone

The United States and Turkey indicated on Saturday they might impose no-fly zones in Syria as battles between rebels and President Bashar al-Assad's forces shook Aleppo and fighting erupted in the heart of Damascus. US Secretary of State Hillary Clinton s

Published 12 Aug, 2012 12:00am

US, Turkey to explore imposing Syria no-fly zone

The United States and Turkey indicated on Saturday they might impose no-fly zones in Syria as battles between rebels and President Bashar al-Assad's forces shook Aleppo and fighting erupted in the heart of Damascus. US Secretary of State Hillary Clinton s

Published 12 Aug, 2012 12:00am

''Economic indicators are showing positive trend''

Finance Minister Dr Abdul Hafeez Sheikh on Saturday called on Prime Minister Raja Pervez Ashraf, at PM''s House and briefed him about the current economic situation of the country. The Finance Minister said that overall economic indicators are showing a p

Published 12 Aug, 2012 12:00am

'Economic indicators are showing positive trend'

Finance Minister Dr Abdul Hafeez Sheikh on Saturday called on Prime Minister Raja Pervez Ashraf, at PM's House and briefed him about the current economic situation of the country. The Finance Minister said that overall economic indicators are showing a po

Published 12 Aug, 2012 12:00am

'Economic indicators are showing positive trend'

Finance Minister Dr Abdul Hafeez Sheikh on Saturday called on Prime Minister Raja Pervez Ashraf, at PM's House and briefed him about the current economic situation of the country. The Finance Minister said that overall economic indicators are showing a po

Published 12 Aug, 2012 12:00am

No new IMF SBA on the cards: Hafeez

Finance Minister Dr Abdul Hafeez Shaikh has informed the Economic Co-ordination Committee (ECC) of the Cabinet that International Monetary Fund''s (IMF) new programme is not on the cards in the near future. He was replying to questions raised by the ECC m

Published 12 Aug, 2012 12:00am

No new IMF SBA on the cards: Hafeez

Finance Minister Dr Abdul Hafeez Shaikh has informed the Economic Co-ordination Committee (ECC) of the Cabinet that International Monetary Fund's (IMF) new programme is not on the cards in the near future. He was replying to questions raised by the ECC me

Published 12 Aug, 2012 12:00am

No new IMF SBA on the cards: Hafeez

Finance Minister Dr Abdul Hafeez Shaikh has informed the Economic Co-ordination Committee (ECC) of the Cabinet that International Monetary Fund's (IMF) new programme is not on the cards in the near future. He was replying to questions raised by the ECC me

Published 12 Aug, 2012 12:00am

180 dead, 1,300 hurt in Iran quakes

Rescue teams in north-west Iran were striving Sunday to dig survivors out of the rubble of twin strong earthquakes that levelled villages and killed at least 180 people and injured 1,300 others, according to an official toll. The scale of the disaster was

Published 12 Aug, 2012 12:00am

180 dead, 1,300 hurt in Iran quakes

Rescue teams in north-west Iran were striving Sunday to dig survivors out of the rubble of twin strong earthquakes that levelled villages and killed at least 180 people and injured 1,300 others, according to an official toll. The scale of the disaster was

Published 12 Aug, 2012 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (August 11, 2012).

Published 12 Aug, 2012 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (August 11, 2012).

Published 12 Aug, 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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