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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-08-28
TCP finalises deals for import of 200,000 ton of urea

TCP finalises deals for import of 200,000 ton of urea

Trading Corporation of Pakistan (TCP) made arrangements for the maximum availability of the urea in Rabi season and almost finalised deals for import of some 200,000 tons commodity on Monday. Presently, the country is facing a massive shortage of urea as
Published 28 Aug, 2012 12:00am
Doctors' strike in Balochistan enters 27th day

Doctors' strike in Balochistan enters 27th day

The strike of the doctors across Balochistan province entered 27th consecutive day on Monday. Doctors across the province went on strike and closed out-patient-departments and emergencies as Pakistan Medical Association (PMA) Balochistan chapter gave stri
Published 28 Aug, 2012 12:00am
15 suspects held; huge cache of weapons seized

15 suspects held; huge cache of weapons seized

Law Enforcement Agencies (LEAs) on Monday claimed to have arrested some 15 suspects and recovered huge cache of weapons in separate raids at various parts of the metropolis. According to police officials, Special Investigation Unit (SIU) of Sindh police c
Published 28 Aug, 2012 12:00am
Girls secure top three positions in BISEK pre-medical exams

Girls secure top three positions in BISEK pre-medical exams

Samina Ismail Hirani of Aga Khan Higher Secondary School has clinched first class first position in the Intermediate (Class XII) Science (Pre-Medical) Group examination for 2012, while Kiran Amin and Kinza Murtaza of the same school secured second and thi
Published 28 Aug, 2012 12:00am
FBR extends payment of taxes/duties date

FBR extends payment of taxes/duties date

To facilitate the business community, the Federal Board of Revenue (FBR) has extended date for payment of taxes/duty and filing of Sales Tax/Federal Excise return up to August 30, 2012 for the tax period July, 2012 for all registered persons. In this conn
Published 28 Aug, 2012 12:00am
Musa's, Shahabuddin's interim bail extended

Musa's, Shahabuddin's interim bail extended

A division bench of the Lahore High Court (LHC) in Rawalpindi on Monday extended the interim bail of Ali Musa Gilani, son of former Prime Minister Syed Yousuf Raza Gilani, and former health minister Makhdoom Shahabuddin till August 29 in the ephedrine quo
Published 28 Aug, 2012 12:00am
KMC to construct public toilets at important locations

KMC to construct public toilets at important locations

Public toilets under KMC would be constructed at various important locations including shopping centres and parks in the city. Metropolitan Commissioner Matanat Ali Khan said this while addressing a review meeting on public toilets, which was attended by
Published 28 Aug, 2012 12:00am
Packages Limited posts Rs 272.443 million profit after tax

Packages Limited posts Rs 272.443 million profit after tax

Packages Limited has posted Rs 272.443 million as profit after tax in the half year period ended June 30, 2012 as compared to after tax loss of Rs 208.955 million recorded in the corresponding period in 2011. The board of directors of the company in its m
Published 28 Aug, 2012 12:00am
Packages Limited posts Rs 272.443 million profit after tax

Packages Limited posts Rs 272.443 million profit after tax

Packages Limited has posted Rs 272.443 million as profit after tax in the half year period ended June 30, 2012 as compared to after tax loss of Rs 208.955 million recorded in the corresponding period in 2011. The board of directors of the company in its m
Published 28 Aug, 2012 12:00am
Hong Kong shares down; China slides to lowest since March 2009

Hong Kong shares down; China slides to lowest since March 2009

Onshore Chinese shares suffered their worst loss in almost two months on Monday, hit by non-banking financials on deflated hopes of more "formal" monetary easing after the Chinese premier's latest comments did not allude to that possibility. Chinese broke
Published 28 Aug, 2012 12:00am
Taiwan stocks slip

Taiwan stocks slip

Taiwan stocks closed down 0.12 percent on Monday, erasing early gains, though some Apple Inc suppliers including Hon Hai Precision rose after Apple scored a sweeping legal victory over Samsung in a patent case. The main TAIEX index ended down 9.3 points a
Published 28 Aug, 2012 12:00am
UK markets closed

UK markets closed

The stocks, financial and commodity markets of Britain were closed on Monday due to UK bank holiday. The markets will resume trading on Tuesday.
Published 28 Aug, 2012 12:00am
Seoul shares down as Samsung Group shares tumble

Seoul shares down as Samsung Group shares tumble

Seoul stocks edged down slightly on Monday as Samsung shares slumped after a US court ruled against Samsung Electronics in a smartphone patent lawsuit by Apple. The slump offset news that rating agency Moody's upgraded South Korea's credit rating to match
Published 28 Aug, 2012 12:00am
Indian shares fall

Indian shares fall

Indian shares fell on Monday for a second consecutive session as lenders such as ICICI Bank faltered on worries economic growth data would show continued weakness at a time when parliament is at a standstill and the central bank is reluctant to cut rates.
Published 28 Aug, 2012 12:00am
Nikkei rises, helped by hopes of Fed, ECB actions

Nikkei rises, helped by hopes of Fed, ECB actions

Japan's Nikkei share average inched higher on Monday, rebounding from the previous session's sharp loss, as risk appetite improved on expectations that the European Central Bank and the US Federal Reserve will soon launch further stimulus. But weakness in
Published 28 Aug, 2012 12:00am
Australian shares tick lower

Australian shares tick lower

Australian shares ended slightly lower on Monday on poor corporate earnings and fresh data from China that underlined a further slackening of demand in Australia's top export market. Banking and mining stocks gave up some gains made earlier in the session
Published 28 Aug, 2012 12:00am
Nokia surges as stimulus hopes lift European shares

Nokia surges as stimulus hopes lift European shares

European shares rose on Monday, led by telecoms group Nokia, as hopes for fresh stimulus measures from central banks lifted the region's equity markets. The euro zone's blue-chip Euro STOXX 50 index closed up 1.1 percent at 2,461.82 points. The FTSEurofir
Published 28 Aug, 2012 12:00am
Bonds set to become China's new lever for managing money supply

Bonds set to become China's new lever for managing money supply

For China's money supply managers, cutting interest rates and bank required reserve ratios (RRR) is risky and over-reliance on short-term reserve repos is unsustainable, but the secondary bond market may finally be available for use as more flexible tool
Published 28 Aug, 2012 12:00am
Bonds set to become China's new lever for managing money supply

Bonds set to become China's new lever for managing money supply

For China's money supply managers, cutting interest rates and bank required reserve ratios (RRR) is risky and over-reliance on short-term reserve repos is unsustainable, but the secondary bond market may finally be available for use as more flexible tool
Published 28 Aug, 2012 12:00am
Euro down in Asia

Euro down in Asia

The euro inched lower against the dollar on Monday, taking a breather after last week's rally, with its upside seen capped ahead of major eurozone events in the next few weeks. While the euro could find support before US Federal Reserve Chairman Ben Berna
Published 28 Aug, 2012 12:00am
Early trade in New York: Euro slightly up versus dollar

Early trade in New York: Euro slightly up versus dollar

The euro edged higher against the dollar on Monday after a bigger-than-expected drop in German business sentiment raised hopes the euro zone's largest economy will do more to revive the bloc's growth. Sentiment toward the euro remained uncertain as market
Published 28 Aug, 2012 12:00am
Euro climbs but eurozone events may cap gains

Euro climbs but eurozone events may cap gains

The euro inched up on Monday after an influential German business survey was not as bad as expected, although it may struggle to retain gains in coming weeks, which could be decisive in the long-running eurozone crisis. The euro may find support against t
Published 28 Aug, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday: 81.60-81.72 (previous 81.45-81.60). Call Money Rates: 12.00-12.00 percent (previous 06.50-14.00 percent).
Published 28 Aug, 2012 12:00am
Most emerging Asian currencies dip

Most emerging Asian currencies dip

Most emerging Asian currencies slid on Monday, with investors reluctant to take fresh positions ahead of the annual US Jackson Hole meeting of central bankers later this week, while the won largely shrugged off Moody's upgrade of South Korea's sovereign c
Published 28 Aug, 2012 12:00am
Swiss franc little moved

Swiss franc little moved

The Swiss franc was little moved on Monday, not far off a seven-week peak hit versus the dollar last week, as investors awaited a flurry of upcoming economic events around the world. The franc fell 0.1 percent against the dollar to trade at 0.9600 by 0536
Published 28 Aug, 2012 12:00am
Australian and New Zealand dollars struggle

Australian and New Zealand dollars struggle

The Australian and New Zealand dollars traded with a heavy tone on Monday and looked vulnerable amid persistent concerns about the health of China's economy. The market, though, was generally subdued as investors waited for concrete monetary policy action
Published 28 Aug, 2012 12:00am
Yuan slightly up

Yuan slightly up

The spot yuan closed up slightly mildly on Monday after a day of lacklustre trading volume as markets waited for new signals. "It's quiet today," said a trader at a joint-stock bank in Shanghai. "Volumes are relatively light, and while prices weakened a b
Published 28 Aug, 2012 12:00am
Indian rupee falls to one-week low

Indian rupee falls to one-week low

The Indian rupee fell on Monday to its lowest in a week as oil refiners bought dollars and on growing worries a gridlocked parliament will delay the passage of policy reforms. Investors have been waiting for action from the government on a host of issues
Published 28 Aug, 2012 12:00am
Real crash to shock defeat

Real crash to shock defeat

Real Madrid's troubled start to the season continued when the champions squandered the lead and slumped to a shock 2-1 defeat at city rivals Getafe on Sunday to slip five points behind La Liga leaders Barcelona. The rare domestic reverse for Jose Mourinho
Published 28 Aug, 2012 12:00am
Revival of Pak-India hockey series in final phase: Asif Bajwa

Revival of Pak-India hockey series in final phase: Asif Bajwa

The revival of Pak-India bilateral hockey series is in its final phase and a two-member delegation of Pakistan Hockey Federation will be visiting India from September 15 to sort out necessary modalities to hold the event next year.
Published 28 Aug, 2012 12:00am
Rain halts play

Rain halts play

Heavy rain brought play to a halt at the US Open on Monday after just 90 minutes of action on the first day of the final Grand Slam event of the season. Only four women's singles matches had been completed with defending champion Samantha Stosur safely th
Published 28 Aug, 2012 12:00am
Defending champ Stosur advances at US Open

Defending champ Stosur advances at US Open

Defending champion Samantha Stosur of Australia advanced to the second round of the US Open on Monday with a 6-1, 6-1 victory over Croatian Petra Martic. Stosur needed only 51 minutes to move on and will next face the winner of a later match between quali
Published 28 Aug, 2012 12:00am
Hafeez takes top bowler spot in ODI rankings

Hafeez takes top bowler spot in ODI rankings

Pakistan all-rounder Mohammad Hafeez has replaced South Africa paceman Lonwabo Tsotsobe as the number-one ranked bowler in the Reliance ICC Player Rankings for ODI bowlers, which were released on Monday after a one-off ODI between Australia and Afghanista
Published 28 Aug, 2012 12:00am
ATP players ponder Australian Open boycott

ATP players ponder Australian Open boycott

ATP Tour players are considering a boycott of next January's Australian Open in a bid to gain a higher percentage of Grand Slam event revenues for themselves, the Sunday Times of London reported. The move would be less about the top prize earners as much
Published 28 Aug, 2012 12:00am
ICC harnesses iPad technology to scrutinise bowlers

ICC harnesses iPad technology to scrutinise bowlers

Cricket's governing body on Monday announced plans to introduce wearable technology usually found in iPads to scrutinise bowlers with suspect bowling actions. The initiative would see "inertial sensors" attached to the bowler's arm to assess the legality
Published 28 Aug, 2012 12:00am
FBR seizes hashish worth Rs 40 million in Peshawar

FBR seizes hashish worth Rs 40 million in Peshawar

The Directorate General Intelligence & Investigation - Federal Board of Revenue (FBR) has seized 1,300 kilograms of superior quality hashish worth Rs 40 million during an anti-smuggling operation in Peshawar. Sources told Business Recorder here on
Published 28 Aug, 2012 12:00am
Punjab Assembly witnesses rumpus

Punjab Assembly witnesses rumpus

Pakistan People's Party impeded the Punjab Assembly's proceeding on Monday, saying it will not allow the House to function till the Speaker commits to forward names for National Assembly's parliamentary commission on new provinces.
Published 28 Aug, 2012 12:00am
Bourses re-registered as public limited companies

Bourses re-registered as public limited companies

Moving towards completion of demutualisation process, the country's all three Karachi, Lahore and Islamabad stock exchanges have been re-registered as public companies limited by shares.
Published 28 Aug, 2012 12:00am
Byco Petroleum Pakistan Limited

Byco Petroleum Pakistan Limited

A player in the downstream sector of the country, Byco Petroleum Pakistan Limited is relatively an emerging company in the industry. From oil refining, petroleum marketing and chemicals manufacturing to petroleum logistics, the group has diverse set of op
Published 28 Aug, 2012 12:00am
Byco Petroleum Pakistan Limited

Byco Petroleum Pakistan Limited

A player in the downstream sector of the country, Byco Petroleum Pakistan Limited is relatively an emerging company in the industry. From oil refining, petroleum marketing and chemicals manufacturing to petroleum logistics, the group has diverse set of op
Published 28 Aug, 2012 12:00am
Morsi appoints Christian, woman as assistants

Morsi appoints Christian, woman as assistants

Egypt's Islamist President Mohammed Morsi on Monday appointed a Coptic Christian intellectual and a woman university professor as presidential assistants, his spokesman Yasser Ali announced. Samir Morcos, a liberal Coptic writer engaged in the dialogue be
Published 28 Aug, 2012 12:00am
17 villagers beheaded in Afghanistan; two US troops killed

17 villagers beheaded in Afghanistan; two US troops killed

Afghan President Hamid Karzai accused the Taliban on Monday of beheading 17 villagers, including two women, in volatile Helmand province, in a gruesome attack recalling the dark days of the hard-line group's rule before their 2001 overthrow. The killings,
Published 28 Aug, 2012 12:00am
Indian Prime Minister drowned out in growing furore over 'coalgate'

Indian Prime Minister drowned out in growing furore over 'coalgate'

Indian lawmakers chanting "quit prime minister" drowned out Manmohan Singh on Monday as he sought to defend his government's role in an affair dubbed "coalgate" that has paralysed parliament and created a sense of political crisis. The controversy has sta
Published 28 Aug, 2012 12:00am
Syrian helicopter crashes under fire in Damascus

Syrian helicopter crashes under fire in Damascus

A Syrian military helicopter crashed in flames under rebel fire in Damascus on Monday, and a government warplane fired rockets at targets on the capital's outskirts for what rebels said was the first time. The focus of fighting appears to have returned to
Published 28 Aug, 2012 12:00am
Obama orders flags to half mast for Armstrong

Obama orders flags to half mast for Armstrong

US President Barack Obama Monday ordered that all official US flags be lowered to half mast to mark the funeral of Neil Armstrong, the astronaut who planted the Stars and Stripes on the Moon. Obama issued a proclamation to honour Armstrong, who died on Sa
Published 28 Aug, 2012 12:00am
Myanmar president shakes up reformist government

Myanmar president shakes up reformist government

Myanmar's president reshuffled his cabinet on Monday, his office announced, in a long-awaited move seen as promoting reform-minded allies and sidelining a prominent hard-liner. Former general Thein Sein awarded four of his key ministers the joint role of
Published 28 Aug, 2012 12:00am
Kenyan cleric shot dead, sparks riots in Mombasa

Kenyan cleric shot dead, sparks riots in Mombasa

Hundreds of protesters smashed cars and torched churches in the Kenyan city of Mombasa on Monday after unknown gunmen shot dead a Muslim cleric accused by the United States of helping Islamist militants in Somalia. One protester was killed in the riots wh
Published 28 Aug, 2012 12:00am
Myanmar jails three UN workers

Myanmar jails three UN workers

A court in Myanmar has sentenced three local United Nations staff to prison for participating in recent sectarian unrest, a government official said on Monday. Two UN Refugee Agency workers were sentenced to six years and three years each Friday by a cour
Published 28 Aug, 2012 12:00am
Iraqi minister quits over PM 'interference'

Iraqi minister quits over PM 'interference'

Iraqi Communications Minister Mohammed Tawfiq Allawi told AFP he quit his post on Monday, accusing Prime Minister Nuri al-Maliki of "political interference" in his ministry. Allawi's resignation is the first by a cabinet minister since Iraq's national uni
Published 28 Aug, 2012 12:00am
Life in Gaza to worsen without swift action: UN

Life in Gaza to worsen without swift action: UN

Life in the poor and crowded Gaza Strip is going to get harsher still unless action is taken now, according to a new United Nations report released on Monday. "The population of the Gaza Strip will increase from 1.6 million people today to 2.1 million peo
Published 28 Aug, 2012 12:00am
Saudi deals boosted US arms sales to record $66.3 billion in 2011

Saudi deals boosted US arms sales to record $66.3 billion in 2011

Weapons sales by the United States tripled in 2011 to a record high, pumped up by $33.4 billion in sales to Saudi Arabia, but the international arms market is not likely to continue growing, according to a comprehensive new congressional report.
Published 28 Aug, 2012 12:00am
Record Argentine rains to help world grain supplies

Record Argentine rains to help world grain supplies

Argentine growers are set to plant corn and soy under ideal conditions over the next two months thanks to record August rainfall that has raised hopes the country's harvest could bolster global grain stocks depleted by the worst US drought in decades.
Published 28 Aug, 2012 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper edged up on Monday, supported by hopes for stimulus measures from China after a state-backed paper called for plans to tackle economic risks, while the US Federal Reserve also raised expectations for further easing.
Published 28 Aug, 2012 12:00am
Oil falls ahead of Isaac, seen hitting refinery demand

Oil falls ahead of Isaac, seen hitting refinery demand

Brent crude oil futures fell toward $112 a barrel on Monday, reversing early gains as Tropical Storm Isaac shuttered refineries on the US Gulf Coast, which reduced demand for crude. Traders were also eyeing the possibility of western governments releasing
Published 28 Aug, 2012 12:00am
Tokyo rubber jumps

Tokyo rubber jumps

Tokyo rubber futures jumped 3.7 percent to a three-week high on Monday, with charts indicating they could keep rising the next day, helped by climbing share prices and expectations of further economic stimulus in the United States and Europe. The benchmar
Published 28 Aug, 2012 12:00am
Palm oil climbs to six-week peak

Palm oil climbs to six-week peak

Malaysian crude palm oil futures rose to a 6-week high on Monday, as traders continued to bet on tight global edible oil supplies with no sign of the drought easing in the soya-producing US Midwest. US new-crop soyabeans hit a contract high on Monday afte
Published 28 Aug, 2012 12:00am
ICE cocoa and coffee jump on short-covering

ICE cocoa and coffee jump on short-covering

Cocoa jumped almost 4 percent amid short-covering on Monday to test a key resistance level as fresh violence in Ivory Coast, the world's No. 1 grower, reignited concerns about supply disruptions. Coffee also rose on short-covering, and raw sugar recovered
Published 28 Aug, 2012 12:00am
Gold climbs in Asia

Gold climbs in Asia

Gold rose to the loftiest level since mid-April on Monday, extending strong gains from last week as expectations for further monetary easing from the US Federal Reserve kept sentiment buoyant. Spot gold rose to $1,676.45 an ounce, its highest in more than
Published 28 Aug, 2012 12:00am
Gold touches highest peak since mid-April

Gold touches highest peak since mid-April

Gold prices hit their highest since mid-April on Monday, buoyed by speculation that the US Federal Reserve may be set to unveil another round of monetary stimulus, but then steadied on caution ahead of a key central bankers' meeting later this week. In pl
Published 28 Aug, 2012 12:00am
US MIDDAY: soya falls

US MIDDAY: soya falls

US soyabeans fell early on Monday, retreating more than 2 percent from a new peak set in early trade as they tracked crude oil lower on revised forecasts that Tropical Storm Isaac would not become a Category 2 hurricane as feared earlier. New-crop Novembe
Published 28 Aug, 2012 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

New York copper futures ended lower in holiday-thin business on Monday, pausing from last week's near 2-percent climb as investors sought more clarity about central bankers' efforts to help stimulate global growth and metals demand. Copper's pause reflect
Published 28 Aug, 2012 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold hit a 4-1/2 month high on Monday before easing to more modest gains on speculation that the US Federal Reserve may unveil another round of monetary stimulus at a key central bankers' meeting later this week. The precious metal, a traditional inflatio
Published 28 Aug, 2012 12:00am
Power shortfall rises to 3782 megawatts

Power shortfall rises to 3782 megawatts

Power shortfall has risen to 3782MW, leading no change in loadshedding schedule throughout Punjab. The power consumers were the worst hit of the situation and kept on cursing the power distribution companies throughout Monday. According to the Energy Mana
Published 28 Aug, 2012 12:00am
PPP Punjab disassociates itself from 'prophecies' of Wassan

PPP Punjab disassociates itself from 'prophecies' of Wassan

Pakistan People's Party (PPP) Punjab leadership has disassociated itself from the prophecies of former Interior Minister Manzoor Wassan regarding writing letter to Swiss courts and new elections. It may be noted that Wassan exploded a political bomb by sa
Published 28 Aug, 2012 12:00am
PPP government to implement all Supreme Court's orders: Kaira

PPP government to implement all Supreme Court's orders: Kaira

Federal Minister for Information Qamar Zaman Kaira on Monday said that the PPP government always implemented judicial orders and his party would also carry out the directives of Supreme Court even if they were against it. Talking to media on the premises
Published 28 Aug, 2012 12:00am
Normal water levels in major rivers

Normal water levels in major rivers

All major rivers are flowing below low flood level, however river Kabul is in low flood at Nowshera, Flood Forecasting Division said here on Monday. It said 2,59,400 cusecs water is flowing in river Indus at Tarbela, 48,200 cusecs in River Kabul at Nowshe
Published 28 Aug, 2012 12:00am
Jamaat-i-Islami chief criticises restoration of Nato supply routes

Jamaat-i-Islami chief criticises restoration of Nato supply routes

Jamaat-i-Islami, Ameer, Syed Munawar Hasan, has said that the government hasty decision to restore Nato supplies had helped the US and its allies to strengthen their position at a time when they were fleeing from the area. He was commenting on the stateme
Published 28 Aug, 2012 12:00am
PACRA maintains stability rating of LMMF

PACRA maintains stability rating of LMMF

The Pakistan Credit Rating Agency (PACRA) has maintained the stability rating of the Lakson Money Market Fund (LMMF) at "AA (f)" (Double A; fund rating), an open-end money market fund. The fund's rating denotes a very strong capacity to manage relative st
Published 28 Aug, 2012 12:00am
PACRA maintains stability rating of LMMF

PACRA maintains stability rating of LMMF

The Pakistan Credit Rating Agency (PACRA) has maintained the stability rating of the Lakson Money Market Fund (LMMF) at "AA (f)" (Double A; fund rating), an open-end money market fund. The fund's rating denotes a very strong capacity to manage relative st
Published 28 Aug, 2012 12:00am
Shahbaz recounts his government's achievements

Shahbaz recounts his government's achievements

Punjab Chief Minister Shahbaz Sharif has said that Pakistan Muslim League-N government has implemented a revolutionary development programme for the welfare of the masses during the last four and a half years in Punjab as a result of which there is a netw
Published 28 Aug, 2012 12:00am
Road Safety Institutes producing amazing results: NH&MP IG

Road Safety Institutes producing amazing results: NH&MP IG

The state-of-the-art Road Safety Institutes meant to train not only the beginners but also polish the skills of professional drivers and enhance their road safety sense are producing amazing results and the performance of these institutes should further b
Published 28 Aug, 2012 12:00am
LCCI polls: PIAF-Founders Alliance launches election campaign

LCCI polls: PIAF-Founders Alliance launches election campaign

PIAF-Founders Alliance on Monday formally began election campaign for the elections of the Lahore Chamber of Commerce and Industry (LCCI) scheduled to be held on September 19 and 20. The Chairman PIAF-Founders Alliance Mian Mohammad Ashraf and Chairman Al
Published 28 Aug, 2012 12:00am
Lesco begins recovery campaign against defaulters

Lesco begins recovery campaign against defaulters

Chief Executive Officer of the Lahore Electric Supply Company (Lesco), Engineer Shafqat Sial has launched an aggressive recovery campaign against the defaulters of 12.5 billion electricity bills. Addressing a news conference here on Monday, Sial said ther
Published 28 Aug, 2012 12:00am
LSE seeks policy on investment from India

LSE seeks policy on investment from India

Foreign Direct Investment (FDI) from Pakistan will pave way for increased trade, commerce and economic integration between Pakistan and India, said Lahore Stock Exchange (LSE) Managing Director and Secretary General of South Asian Federation of Exchanges
Published 28 Aug, 2012 12:00am
Educational institutions reopen in Capital

Educational institutions reopen in Capital

The educational institutions working under the Federal Directorate of Education reopened on Monday after over two-month long summer vacation, which was extended due to the holy month of Ramazan and Eid-ul-Fitr holidays. The vacation, which started on June
Published 28 Aug, 2012 12:00am
Business communities hail Petroleum Policy

Business communities hail Petroleum Policy

The business communities have welcomed the Petroleum Policy 2012 saying it will create positive aspects for overall economy of the country. Talking to APP, a businessman Zaheer Ahmed said that under the new policy, the government would increase the availa
Published 28 Aug, 2012 12:00am
HEC decides to establish Pakistan Technology Council

HEC decides to establish Pakistan Technology Council

Higher Education Commission (HEC) has decided to establish Pakistan Technology Council (PTC) with the purpose to promoting technological education in the country. Sources in HEC told Business Recorder here on Monday that the decision regarding the
Published 28 Aug, 2012 12:00am
Additional Chief Secretary Fata approves health and other schemes

Additional Chief Secretary Fata approves health and other schemes

A high-level meeting chaired by Additional Chief Secretary Fata reviewed various steps for eradication of polio from Fata, early start of construction work on the site of Fata University. Various schemes in health, education and road sectors were also app
Published 28 Aug, 2012 12:00am
Seoul keen to invest in hydropower projects

Seoul keen to invest in hydropower projects

Koreans have expressed their keen interest in investing in hydropower and water sector projects in Pakistan and mutual co-operation in various other projects of flood protection and technical assistance in the water sector. This was said by Mange-Pil Shim
Published 28 Aug, 2012 12:00am
Zardari urges South Korean companies to invest in Pakistan

Zardari urges South Korean companies to invest in Pakistan

President Asif Ali Zardari on Monday invited South Korean companies to invest in the country especially in the water and power sector. The President said that Pakistan was keen to learn from the South Korean expertise in flood control, drudging as well as
Published 28 Aug, 2012 12:00am
Woman commits suicide

Woman commits suicide

A house wife Rashida w/o Abdul Qadir Patel committed suicide by drinking a poisonous pesticide in her house in Shakur Illahi Mohalla here on Monday. Police said that she ended her life due to domestic problems. Her body was shifted to Civil Hospital for m
Published 28 Aug, 2012 12:00am
Pakistani embassy in UAE to launch community database portal

Pakistani embassy in UAE to launch community database portal

Pakistan's embassy in the United Arab Emirates is set to launch a web-based as well as an SMS-generated community database aimed at indexing over a 1.2 million Pakistanis settled in the UAE. Ambassador to UAE Jamil Ahmed Khan said the portal would help to
Published 28 Aug, 2012 12:00am
Pesco unveils defaulters' names

Pesco unveils defaulters' names

On the directives of Chief Executive, Peshawar Electricity Supply Company (Pesco) has unveiled the names of power defaulters for publishing in the newspapers. The company has unveiled the names of defaulters with outstanding amount of Rs 0.1 million or ab
Published 28 Aug, 2012 12:00am
Tesco chief asks SEs, XENs to expedite recovery

Tesco chief asks SEs, XENs to expedite recovery

Chief Executive Officer, Tribal Electricity Supply Company (Tesco) Pervez Khankhel Swati on Monday directed the Superintending Engineers (SEs) and XENs Operation of the company to boost up recovery from industrial, commercial, tube well and government con
Published 28 Aug, 2012 12:00am
Geelani criticises occupation of Kashmir

Geelani criticises occupation of Kashmir

The veteran Kashmiri Hurriyet leader Syed Ali Geelani in occupied Kashmir has said that India is making attempts to rule the territory with its military might. Syed Ali Geelani addressing religious leaders and civil society members at his Hyderpora reside
Published 28 Aug, 2012 12:00am
Motorcycle makers block firm-specific incentives?

Motorcycle makers block firm-specific incentives?

Hectic efforts of the lobby of local motorcycle industry have reportedly blocked incentives to a specific company which is being supported by the Board of Investment, Commerce Ministry and Deputy Chairman of the Planning Commission, sources in EDB told <i
Published 28 Aug, 2012 12:00am
Two killed in road accidents

Two killed in road accidents

Two persons including a child were killed while four others were injured in road accidents on Monday. Muhammad Zubair of Thathi Lambi, Sahiwal tehsil, along with his four family members was riding a motorbike when it collided with a tree near Sher Muhamma
Published 28 Aug, 2012 12:00am
PTCL announces 'VideoCon' services nation-wide

PTCL announces 'VideoCon' services nation-wide

Pakistan Telecommunication Company Limited (PTCL) announced the availability of its "VideoCon" services nationwide. Beneficial for both corporate and residential customers, 'PTCL VideoCon' is the country's first and only video phone service which allows r
Published 28 Aug, 2012 12:00am
PQFTL declares 53.83 percent surplus for Takaful Donation

PQFTL declares 53.83 percent surplus for Takaful Donation

Pak-Qatar Family Takaful (PQFTL) has declared a surplus of 53.83 percent of Takaful Donation for its BancaTakaful customers for the year ended December 31, 2011. This was announced by Muhammad Owais Ansari, Board Member PQFTL and Chief Actuary FWU AG.
Published 28 Aug, 2012 12:00am
PQFTL declares 53.83 percent surplus for Takaful Donation

PQFTL declares 53.83 percent surplus for Takaful Donation

Pak-Qatar Family Takaful (PQFTL) has declared a surplus of 53.83 percent of Takaful Donation for its BancaTakaful customers for the year ended December 31, 2011. This was announced by Muhammad Owais Ansari, Board Member PQFTL and Chief Actuary FWU AG.
Published 28 Aug, 2012 12:00am
What constitutes obscenity, vulgarity?

What constitutes obscenity, vulgarity?

The consultative meeting to deliberate upon parameters of "Obscenity" for electronic media was held on Monday at Pemra Headquarters Islamabad.
Published 28 Aug, 2012 12:00am
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