News Archives for Print - 2012-09-03 - Business Recorder

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Print - 2012-09-03

Gulf Arab ministers say integration plan needs more discussion

Gulf Arab ministers say integration plan needs more discussion

Gulf Arab foreign ministers said a plan to integrate their six countries, proposed by Saudi Arabia last year as a response to Middle East turmoil, needed more discussion after they met in Jeddah on Sunday.

Published 03 Sep, 2012 12:00am

Iran says oil exports unaffected by sanctions

Iran says oil exports unaffected by sanctions

Iran''s oil exports are at their normal levels and are unaffected by Western embargoes, an Iranian oil official was quoted as saying on Sunday. "We don''t see anything abnormal, almost everything is progressing routinely," Mohammad Ali Khatibi Tabatabaei,

Published 03 Sep, 2012 12:00am

Iran says oil exports unaffected by sanctions

Iran says oil exports unaffected by sanctions

Iran's oil exports are at their normal levels and are unaffected by Western embargoes, an Iranian oil official was quoted as saying on Sunday. "We don't see anything abnormal, almost everything is progressing routinely," Mohammad Ali Khatibi Tabatabaei, d

Published 03 Sep, 2012 12:00am

Iran says oil exports unaffected by sanctions

Iran says oil exports unaffected by sanctions

Iran's oil exports are at their normal levels and are unaffected by Western embargoes, an Iranian oil official was quoted as saying on Sunday. "We don't see anything abnormal, almost everything is progressing routinely," Mohammad Ali Khatibi Tabatabaei, d

Published 03 Sep, 2012 12:00am

Russia''s oil output hits post-Soviet high

Russia''s oil output hits post-Soviet high

Russian leaders hailed their powerful energy industry on Sunday as the country posted a post-Soviet record high rate of oil production that should boost coffers in uncertain global economic times. The energy ministry said private and state companies extra

Published 03 Sep, 2012 12:00am

Russia's oil output hits post-Soviet high

Russia's oil output hits post-Soviet high

Russian leaders hailed their powerful energy industry on Sunday as the country posted a post-Soviet record high rate of oil production that should boost coffers in uncertain global economic times. The energy ministry said private and state companies extra

Published 03 Sep, 2012 12:00am

Russia's oil output hits post-Soviet high

Russia's oil output hits post-Soviet high

Russian leaders hailed their powerful energy industry on Sunday as the country posted a post-Soviet record high rate of oil production that should boost coffers in uncertain global economic times. The energy ministry said private and state companies extra

Published 03 Sep, 2012 12:00am

Fire stops flights temporarily at DC airports

Fire stops flights temporarily at DC airports

Flights at three Washington-area airports were briefly stopped because of a fire at a regional air traffic control facility. Flights were stopped for about 25 minutes Sunday morning at Ronald Reagan Washington National Airport; Dulles International Airpor

Published 03 Sep, 2012 12:00am

French unemployment passes symbolic three million mark

French unemployment passes symbolic three million mark

French Labour Minister Michel Sapin said Sunday that the country''s unemployment had passed the symbolic number of three million registered jobseekers and would keep rising. Asked on Radio J about the number of jobseekers hitting 2.99 million in July, Sap

Published 03 Sep, 2012 12:00am

French unemployment passes symbolic three million mark

French unemployment passes symbolic three million mark

French Labour Minister Michel Sapin said Sunday that the country's unemployment had passed the symbolic number of three million registered jobseekers and would keep rising. Asked on Radio J about the number of jobseekers hitting 2.99 million in July, Sapi

Published 03 Sep, 2012 12:00am

French unemployment passes symbolic three million mark

French unemployment passes symbolic three million mark

French Labour Minister Michel Sapin said Sunday that the country's unemployment had passed the symbolic number of three million registered jobseekers and would keep rising. Asked on Radio J about the number of jobseekers hitting 2.99 million in July, Sapi

Published 03 Sep, 2012 12:00am

Local bodies' polls to be held before general election: President

Local bodies' polls to be held before general election: President

President Asif Ali Zardari on Sunday announced that local bodies' elections would be held before general elections. Presiding over a meeting of Pakistan People's Party's core committee at Bilawal House in Karachi, he directed his party leadership to prepa

Published 03 Sep, 2012 12:00am

Local bodies' polls to be held before general election: President

Local bodies' polls to be held before general election: President

President Asif Ali Zardari on Sunday announced that local bodies' elections would be held before general elections. Presiding over a meeting of Pakistan People's Party's core committee at Bilawal House in Karachi, he directed his party leadership to prepa

Published 03 Sep, 2012 12:00am

Pakistani, Somali killed in Yemen

Pakistani, Somali killed in Yemen

Pro-government militias killed two suspected members of al Qaeda, a Pakistani and a Somali, in a raid on their hideout in south Yemen on Sunday, a militia chief said. "A Pakistani and a Somali from al Qaeda were killed in a raid by the (Popular Resistance

Published 03 Sep, 2012 12:00am

Pakistani, Somali killed in Yemen

Pakistani, Somali killed in Yemen

Pro-government militias killed two suspected members of al Qaeda, a Pakistani and a Somali, in a raid on their hideout in south Yemen on Sunday, a militia chief said. "A Pakistani and a Somali from al Qaeda were killed in a raid by the (Popular Resistance

Published 03 Sep, 2012 12:00am

Christian girl's case: judge grants 14-day remand to local cleric

Christian girl's case: judge grants 14-day remand to local cleric

The district and sessions court on Sunday sent Khalid Jadoon, a local cleric accused of tampering with the evidence against Rimsha Masih, implicated in burning of pages containing Quranic verses on a 14-day judicial remand. Police produced Khalid Jadoon b

Published 03 Sep, 2012 12:00am

Christian girl's case: judge grants 14-day remand to local cleric

Christian girl's case: judge grants 14-day remand to local cleric

The district and sessions court on Sunday sent Khalid Jadoon, a local cleric accused of tampering with the evidence against Rimsha Masih, implicated in burning of pages containing Quranic verses on a 14-day judicial remand. Police produced Khalid Jadoon b

Published 03 Sep, 2012 12:00am

Bangladesh to boost China clothing exports

Bangladesh to boost China clothing exports

Bangladesh hopes to increase tenfold its apparel exports to China in the next three years, taking advantage of soaring production and wage costs in Asia''s biggest economy, a top business leader said on Sunday. "We hope to raise our garments export to Chi

Published 03 Sep, 2012 12:00am

Bangladesh to boost China clothing exports

Bangladesh to boost China clothing exports

Bangladesh hopes to increase tenfold its apparel exports to China in the next three years, taking advantage of soaring production and wage costs in Asia's biggest economy, a top business leader said on Sunday. "We hope to raise our garments export to Chin

Published 03 Sep, 2012 12:00am

Bangladesh to boost China clothing exports

Bangladesh to boost China clothing exports

Bangladesh hopes to increase tenfold its apparel exports to China in the next three years, taking advantage of soaring production and wage costs in Asia's biggest economy, a top business leader said on Sunday. "We hope to raise our garments export to Chin

Published 03 Sep, 2012 12:00am

New York probes private equity tax strategy

New York probes private equity tax strategy

At least a dozen US private equity firms have been subpoenaed by the New York state attorney general as part of a probe into whether a widely used tax strategy that saved these firms hundreds of millions of dollars is proper, a source familiar with the si

Published 03 Sep, 2012 12:00am

New York probes private equity tax strategy

New York probes private equity tax strategy

At least a dozen US private equity firms have been subpoenaed by the New York state attorney general as part of a probe into whether a widely used tax strategy that saved these firms hundreds of millions of dollars is proper, a source familiar with the si

Published 03 Sep, 2012 12:00am

New York probes private equity tax strategy

New York probes private equity tax strategy

At least a dozen US private equity firms have been subpoenaed by the New York state attorney general as part of a probe into whether a widely used tax strategy that saved these firms hundreds of millions of dollars is proper, a source familiar with the si

Published 03 Sep, 2012 12:00am

Afghan police training suspended after attacks on Nato troops

Afghan police training suspended after attacks on Nato troops

A training programme for 1,000 Afghan security forces has been suspended, US officials said Sunday, to re-screen current members of the Afghan Local Police following attacks on foreign soldiers by Afghans in uniform. Officials fear the Taliban may have in

Published 03 Sep, 2012 12:00am

Afghan police training suspended after attacks on Nato troops

Afghan police training suspended after attacks on Nato troops

A training programme for 1,000 Afghan security forces has been suspended, US officials said Sunday, to re-screen current members of the Afghan Local Police following attacks on foreign soldiers by Afghans in uniform. Officials fear the Taliban may have in

Published 03 Sep, 2012 12:00am

Government planning to favour bulk consumers: domestic sector to pay higher LNG price

Government planning to favour bulk consumers: domestic sector to pay higher LNG price

The government is planning to favour bulk consumers and power sector by allowing weighted average cost of imported LNG that would result in higher domestic sector gas prices, it was learnt.

Published 03 Sep, 2012 12:00am

Government planning to favour bulk consumers: domestic sector to pay higher LNG price

Government planning to favour bulk consumers: domestic sector to pay higher LNG price

The government is planning to favour bulk consumers and power sector by allowing weighted average cost of imported LNG that would result in higher domestic sector gas prices, it was learnt.

Published 03 Sep, 2012 12:00am

Government planning to favour bulk consumers: domestic sector to pay higher LNG price

Government planning to favour bulk consumers: domestic sector to pay higher LNG price

The government is planning to favour bulk consumers and power sector by allowing weighted average cost of imported LNG that would result in higher domestic sector gas prices, it was learnt.

Published 03 Sep, 2012 12:00am

Economy adversely affected by power, gas woes: Zardari

Economy adversely affected by power, gas woes: Zardari

President Asif Ali Zardari on Sunday chaired a meeting of senior party leadership from Sindh and some members of the provincial cabinet here at Bilawal House in Karachi. The President also chaired another meeting to review the current energy situation in

Published 03 Sep, 2012 12:00am

Economy adversely affected by power, gas woes: Zardari

Economy adversely affected by power, gas woes: Zardari

President Asif Ali Zardari on Sunday chaired a meeting of senior party leadership from Sindh and some members of the provincial cabinet here at Bilawal House in Karachi. The President also chaired another meeting to review the current energy situation in

Published 03 Sep, 2012 12:00am

Economy adversely affected by power, gas woes: Zardari

Economy adversely affected by power, gas woes: Zardari

President Asif Ali Zardari on Sunday chaired a meeting of senior party leadership from Sindh and some members of the provincial cabinet here at Bilawal House in Karachi. The President also chaired another meeting to review the current energy situation in

Published 03 Sep, 2012 12:00am

Futures spread up by 210 basis points

Futures spread up by 210 basis points

The futures spread increased by 210bps on week-on-week basis to 9.77 percent as compared to previous week''''s 7.68 percent. Trading activity at futures counter increased significantly as the average daily volumes increased by 83.7 percent to 20.88 millio

Published 03 Sep, 2012 12:00am

Futures spread up by 210 basis points

Futures spread up by 210 basis points

The futures spread increased by 210bps on week-on-week basis to 9.77 percent as compared to previous week''s 7.68 percent. Trading activity at futures counter increased significantly as the average daily volumes increased by 83.7 percent to 20.88 million

Published 03 Sep, 2012 12:00am

Futures spread up by 210 basis points

Futures spread up by 210 basis points

The futures spread increased by 210bps on week-on-week basis to 9.77 percent as compared to previous week's 7.68 percent. Trading activity at futures counter increased significantly as the average daily volumes increased by 83.7 percent to 20.88 million s

Published 03 Sep, 2012 12:00am

Futures spread up by 210 basis points

Futures spread up by 210 basis points

The futures spread increased by 210bps on week-on-week basis to 9.77 percent as compared to previous week's 7.68 percent. Trading activity at futures counter increased significantly as the average daily volumes increased by 83.7 percent to 20.88 million s

Published 03 Sep, 2012 12:00am

Index rises by 352.4 points

Index rises by 352.4 points

A bullish trend was witnessed on the Karachi share market during the outgoing week ended on August 31, 2012 on the back of both local and foreign investors support. The benchmark KSE-100 index registered healthy increased of 352.40 points on week-on-week

Published 03 Sep, 2012 12:00am

Index rises by 352.4 points

Index rises by 352.4 points

A bullish trend was witnessed on the Karachi share market during the outgoing week ended on August 31, 2012 on the back of both local and foreign investors support. The benchmark KSE-100 index registered healthy increased of 352.40 points on week-on-week

Published 03 Sep, 2012 12:00am

Index rises by 352.4 points

Index rises by 352.4 points

A bullish trend was witnessed on the Karachi share market during the outgoing week ended on August 31, 2012 on the back of both local and foreign investors support. The benchmark KSE-100 index registered healthy increased of 352.40 points on week-on-week

Published 03 Sep, 2012 12:00am

Funds of exporters stuck in Russian bank: Islamabad makes feeble attempt to recover $4.47 million

Funds of exporters stuck in Russian bank: Islamabad makes feeble attempt to recover $4.47 million

The federal government has reportedly made half-hearted effort to recover millions of dollars stuck up payments of Pakistani exporters from EEFC Bank, Saint Petersburg, Russia, which dishonoured their Letters of Credit (L/Cs).

Published 03 Sep, 2012 12:00am

Funds of exporters stuck in Russian bank: Islamabad makes feeble attempt to recover $4.47 million

Funds of exporters stuck in Russian bank: Islamabad makes feeble attempt to recover $4.47 million

The federal government has reportedly made half-hearted effort to recover millions of dollars stuck up payments of Pakistani exporters from EEFC Bank, Saint Petersburg, Russia, which dishonoured their Letters of Credit (L/Cs).

Published 03 Sep, 2012 12:00am

Funds of exporters stuck in Russian bank: Islamabad makes feeble attempt to recover $4.47 million

Funds of exporters stuck in Russian bank: Islamabad makes feeble attempt to recover $4.47 million

The federal government has reportedly made half-hearted effort to recover millions of dollars stuck up payments of Pakistani exporters from EEFC Bank, Saint Petersburg, Russia, which dishonoured their Letters of Credit (L/Cs).

Published 03 Sep, 2012 12:00am

Asian giants seek better ties; China's defence minister in India

Asian giants seek better ties; China's defence minister in India

A rare visit to India by China's defence minister should help avoid flare-ups along the border between the nuclear-armed Asian giants at a time when Beijing is grappling with a change of leadership and friction in the South China Sea.

Published 03 Sep, 2012 12:00am

Asian giants seek better ties; China's defence minister in India

Asian giants seek better ties; China's defence minister in India

A rare visit to India by China's defence minister should help avoid flare-ups along the border between the nuclear-armed Asian giants at a time when Beijing is grappling with a change of leadership and friction in the South China Sea.

Published 03 Sep, 2012 12:00am

THE RUPEE: modest recovery

THE RUPEE: modest recovery

A modest recovery was seen on the money market as supply of dollars improved slightly during the week ended on September 1, 2012. In the interbank market, the rupee picked up 30 paisa in terms of dollar for buying at 94.50 and the national currency gained

Published 03 Sep, 2012 12:00am

THE RUPEE: modest recovery

THE RUPEE: modest recovery

A modest recovery was seen on the money market as supply of dollars improved slightly during the week ended on September 1, 2012. In the interbank market, the rupee picked up 30 paisa in terms of dollar for buying at 94.50 and the national currency gained

Published 03 Sep, 2012 12:00am

FX & Gold - weekly outlook-September 3-7: Prices rise in the hope of QE3

FX & Gold - weekly outlook-September 3-7: Prices rise in the hope of QE3

On Friday, as soon as Fed Chairman Ben Bernanke took the podium, Euro, Gold, Oil, Stocks and US 10-year Treasury prices surged in the hope of QE3, as he made a case that non-traditional tool such as historically low interest rates made the difference, whi

Published 03 Sep, 2012 12:00am

FX & Gold - weekly outlook-September 3-7: Prices rise in the hope of QE3

FX & Gold - weekly outlook-September 3-7: Prices rise in the hope of QE3

On Friday, as soon as Fed Chairman Ben Bernanke took the podium, Euro, Gold, Oil, Stocks and US 10-year Treasury prices surged in the hope of QE3, as he made a case that non-traditional tool such as historically low interest rates made the difference, whi

Published 03 Sep, 2012 12:00am

FX & Gold - weekly outlook-September 3-7: Prices rise in the hope of QE3

FX & Gold - weekly outlook-September 3-7: Prices rise in the hope of QE3

On Friday, as soon as Fed Chairman Ben Bernanke took the podium, Euro, Gold, Oil, Stocks and US 10-year Treasury prices surged in the hope of QE3, as he made a case that non-traditional tool such as historically low interest rates made the difference, whi

Published 03 Sep, 2012 12:00am

The Weather

The Weather

The weather report on Sunday (September 02, 2012) and the forecast for Monday (September 03, 2012).

Published 03 Sep, 2012 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (January to June 2012)

Returns on Profit and Loss Sharing Investment Bank Accounts (January to June 2012)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 03 Sep, 2012 12:00am

Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (August 27 to August 31, 2012).

Published 03 Sep, 2012 12:00am

Aaj TV - Monday's schedule

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 03 Sep, 2012 12:00am

There's an opportunity to reap sweet deferential price

There's an opportunity to reap sweet deferential price

SUGAR: No marked change in sugar price was witnessed in the main wholesale markets of Karachi and Lahore, with sugar trading above Rs50 per kg but not crossing the Rs52 per kg mark. Sufficient sugar is said to be available till the time sugar mills start

Published 03 Sep, 2012 12:00am

'Civil war is not a foregone conclusion for Afghanistan,' Dr Joshua White

'Civil war is not a foregone conclusion for Afghanistan,' Dr Joshua White

Joshua White is a Jennings Randolph Peace Scholar at the US Institute of Peace. He recently completed his doctorate in international relations from The Johns Hopkins School of Advanced International Studies (SAIS) in Washington. His research focuses on po

Published 03 Sep, 2012 12:00am

'Civil war is not a foregone conclusion for Afghanistan,' Dr Joshua White

'Civil war is not a foregone conclusion for Afghanistan,' Dr Joshua White

Joshua White is a Jennings Randolph Peace Scholar at the US Institute of Peace. He recently completed his doctorate in international relations from The Johns Hopkins School of Advanced International Studies (SAIS) in Washington. His research focuses on po

Published 03 Sep, 2012 12:00am

Dark clouds loom over Australia's mining boom

Dark clouds loom over Australia's mining boom

You don't have to be an economist to know that when demand falls, so do prices. China's steel mills are cutting production in response to falling demand and that is driving down the price they pay for iron ore and coal, Australia's top two exports.

Published 03 Sep, 2012 12:00am

Dr Hoodbhoy's temper

Dr Hoodbhoy's temper

Talking in a TV talk show about the car run on water-kit, Dr Pervez Hoodbhoy endlessly abused the discoverer of the kit, Agha Waqar, calling him fraud, illiterate in science and suggested he (Waqar) should be sent to prison. In response, Waqar stayed cool

Published 03 Sep, 2012 12:00am

Resolution of telecommunication interconnect call tax issue

Resolution of telecommunication interconnect call tax issue

The issue of tax demand of 49 billion rupees on telecommunication companies (Telcos) by the Federal Board of Revenue (FBR) is being discussed at various forums. Telcos are rightly disturbed by threat of punitive action or a heavy tax liability. They are a

Published 03 Sep, 2012 12:00am

Corruption - II

Corruption - II

This is the second of a three-part series of articles with a focus on banking corruption in Pakistan versus global banking corruption.

Published 03 Sep, 2012 12:00am

Zardari-Singh meeting

Zardari-Singh meeting

The sidelines of international conferences are hardly the venues to clinch issues and sort out bilateral problems confronting the interlocutors' countries. But they do stir hopes for some movement forward on contentious issues - of course not much wiser f

Published 03 Sep, 2012 12:00am

Country needs rigorously frugal, simple government

Country needs rigorously frugal, simple government

The federal government is caught in a bind. Ministry of Water and Power has been instructed to keep the electricity loadshedding at the minimum especially in urban areas where violent protests in particular could badly hurt government's prospects. Water a

Published 03 Sep, 2012 12:00am

France probes woman's death at South African diplomat's home

France probes woman's death at South African diplomat's home

Prosecutors opened an investigation on Sunday into the death of a young French woman at the residence of a South African diplomat in Paris, a judicial source said. An autopsy was to take place on Monday, the source said, after the woman's body was discove

Published 03 Sep, 2012 12:00am

Sudan seizes two newspaper Sunday editions: editors

Sudan seizes two newspaper Sunday editions: editors

Sudanese security forces have confiscated the Sunday editions of two newspapers, editors said, the latest in a crackdown that has hobbled the country's independent media. Censorship was officially abolished in Sudan in 2009, but the secession of South Sud

Published 03 Sep, 2012 12:00am

World's newest nation South Sudan names UN envoy

World's newest nation South Sudan names UN envoy

South Sudan has appointed its first ambassador to the United Nations, bolstering a small and inexperienced diplomatic corps w h ich has been struggling to make the new nation's case in disputes with Sudan over oil and the shared border. South Sudan secede

Published 03 Sep, 2012 12:00am

Bombs near security buildings in Damascus

Bombs near security buildings in Damascus

Syrian state television reported twin bombings near security service buildings in the centre of the capital on Sunday and said they wounded four people. "A terrorist attack with two bombs occurred in Al-Mehdi Street in the Abu Remmaneh district," it said

Published 03 Sep, 2012 12:00am

China starts reshuffle ahead of leadership change

China starts reshuffle ahead of leadership change

China's ruling Communist Party has announced a reshuffle to a key post, state press said Sunday, a move widely seen as ushering in a once-a-decade leadership transition later this year. Li Zhanshu, 62, former head of the south-west province of Guizhou, wa

Published 03 Sep, 2012 12:00am

Ecuador interior minister's brother murdered

Ecuador interior minister's brother murdered

Ecuador Interior Minister Jose Serrano said Sunday his brother had been killed by unknown attackers, but he denied that the murder was in retaliation to his own efforts to fight organised crime. Juan Antonio Serrano, 34, was stabbed to death while trying

Published 03 Sep, 2012 12:00am

'Bumbling' Clegg faces more leadership dissent

'Bumbling' Clegg faces more leadership dissent

Pressure is mounting on Britain's deputy prime minister Nick Clegg amid fresh warnings from within his own party over his leadership, newspapers reported on Sunday. The Sunday Times weekly reported that senior Liberal Democrat figures have said that the C

Published 03 Sep, 2012 12:00am

Afghan pro-government militias kill 10 civilians

Afghan pro-government militias kill 10 civilians

Pro-government militiamen attacked civilians in a village Sunday, killing 10 people and injuring eight in northern Afghanistan, an official said. "The Arbakis attacked civilians in Kanam village on the outskirts of Kunduz city and opened fire on them for

Published 03 Sep, 2012 12:00am

Gangs lost $14.5 billion in war on drugs: Mexico leader

Gangs lost $14.5 billion in war on drugs: Mexico leader

Mexican President Felipe Calderon said Saturday that his controversial war on drugs had cost criminal gangs $14.5 billion as he submitted his administration's last report to congress. Calderon leaves office on December 1 after a six-year term that has bee

Published 03 Sep, 2012 12:00am

Car bomb kills former Libyan colonel: minister

Car bomb kills former Libyan colonel: minister

A car bomb Sunday in the eastern Libya city of Benghazi killed a former security official who served under slain dictator Moamer Kadhafi's regime, a top official said. "A colonel of the former internal security apparatus was killed and his escort was seri

Published 03 Sep, 2012 12:00am

Egypt's first veiled news anchor appears on state TV

Egypt's first veiled news anchor appears on state TV

A veiled anchorwoman read the news on Egypt's state television for the first time on Sunday, reflecting a shift in official media since the overthrow of Hosni Mubarak and the subsequent rise of Islamists. Fatma Nabil made her first appearance on the Chann

Published 03 Sep, 2012 12:00am

Myanmar to allow daily newspapers next year: minister

Myanmar to allow daily newspapers next year: minister

Myanmar's new information minister on Sunday predicted newspapers would be able to publish daily from early 2013, heralding fresh reform for a sector recently freed from decades of draconian censorship. Aung Kyi told the Myanmar Times that state-owned new

Published 03 Sep, 2012 12:00am

Bahrain criticises Iran over Mursi speech mistranslation

Bahrain criticises Iran over Mursi speech mistranslation

Bahrain has criticised Iranian officials over a mistranslation of a speech by Egyptian President Mohamed Mursi, which replaced the word "Syria" with "Bahrain" when he listed Arab states that had experienced revolts since last year.

Published 03 Sep, 2012 12:00am

Woman shot dead

Woman shot dead

A woman was shot dead and her son was injured over trivial issue near Kunjiwala on Sunday. According to police, Bilal Ahmad and his mother Begum Mai on Saturday night were cutting grass when Nadeem, the gunmen of a landlord reached there and accused them

Published 03 Sep, 2012 12:00am

Chief minister, Talpur co-chair PPP Ghotki meeting

Chief minister, Talpur co-chair PPP Ghotki meeting

A high-level meeting of the office-bearers and workers of Pakistan People's Party district Ghotki was held here at the Chief Minister's House on Sunday.

Published 03 Sep, 2012 12:00am

'SSGC maintaining uninterrupted gas supply to KESC'

'SSGC maintaining uninterrupted gas supply to KESC'

Despite huge long outstanding dues of Rs 39 billion, Sui Southern Gas Company (SSGC) is maintaining uninterrupted gas supply to Karachi Electric Supply Company (KESC) in the interest of citizens and to protect national economy, the spokesperson of gas uti

Published 03 Sep, 2012 12:00am

MQM sets up body for promoting sectarian harmony

MQM sets up body for promoting sectarian harmony

Mutahhida Quami Movement (MQM) has established a body of religious scholars for promoting sectarian harmony called Muttahida Bainul Muslimeen Forum on the instructions of party chief Altaf Hussain. The forum, it is leanrt, will promote peace and brotherho

Published 03 Sep, 2012 12:00am

Anti-dengue awareness walk organised

Anti-dengue awareness walk organised

Special Assistant to Chief Minister on Health, Khawaja Salman Rafique has said that as a result of eight-month long government efforts and vigorous cooperation by the citizens, the dengue virus situation is under control so far, and however, there is stil

Published 03 Sep, 2012 12:00am

President chairs meeting on BESOS

President chairs meeting on BESOS

President Asif Ali Zardari on Sunday directed to expedite work on implementation of Benazir Employees Stock Option Scheme (BESOS), and expanding the programme to other State Owned Entities (SOEs).

Published 03 Sep, 2012 12:00am

PSIC observes Anti-Dengue Day

PSIC observes Anti-Dengue Day

Punjab Small Industries Corporation (PSIC) celebrated 'Anti Dengue Day' here on Sunday. A seminar was held at the PSIC headquarter, addressed by Dr Nadeem Zaka, Manager Training of the organisation. Anti dengue kits were distributed amongst PSIC employees

Published 03 Sep, 2012 12:00am

Anti-Dengue Day observed

Anti-Dengue Day observed

As per instructions of Punjab Chief Minister, Shahbaz Sharif, Environment Protection Department (EPD) Punjab organised an awareness walk from Liberty Roundabout to Main Boulevard to observe Sunday as an Anti-Dengue Day as well as educate the masses regard

Published 03 Sep, 2012 12:00am

One million people participate in Punjab Youth Festival 2012

One million people participate in Punjab Youth Festival 2012

About one million people participated Punjab Youth Festival, 2012 on Sunday with the day alone have an involvement of around 300,000 youngsters from 55,200 Sports and Youth Development Councils throughout the 36 districts of the provinces.

Published 03 Sep, 2012 12:00am

APOTOA rejects hike in POL prices

APOTOA rejects hike in POL prices

All Pakistan Oil Tanker Owners Association (APOTOA) Multan chapter rejected surge in petroleum products and demanded of the government to withdraw its decision otherwise the association would go on a wheel jam within 48 hours.

Published 03 Sep, 2012 12:00am

Anti-dengue drive has become dynamic movement: Shahbaz

Anti-dengue drive has become dynamic movement: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that anti-dengue campaign has now been transformed into a dynamic movement, in which all segments of the society are vigorously participating.

Published 03 Sep, 2012 12:00am

Six suspected target killers held

Six suspected target killers held

CID AEC has claimed to arrest six suspects involved in incidents of targeted killings during separate raids in city on Sunday. AEC conducted raid in Jackson area and arrested four suspects identified as Iqbal, Amir, Sabir and Younis. Police said that the

Published 03 Sep, 2012 12:00am

Rehman, Ebad discuss law and order in Karachi

Rehman, Ebad discuss law and order in Karachi

Interior Minister Rehman Malik on Sunday called on Sindh Governor, Dr Ishratul Ebad Khan, at the Governor House here. They discussed the prevailing law and order situation and other matters of importance, says a statement of the Governor House. The Govern

Published 03 Sep, 2012 12:00am

'Bad governance and corruption derange PPP, PML-N rule'

'Bad governance and corruption derange PPP, PML-N rule'

The people of Pakistan have suffered at the hands of PPP and PML-N because of their bad governance, defective economic planning, corruption and failure to maintain the law and order situation, Vice-Chairman of Pakistan Tehreek-e-Insaf (PTI) Shah Mahmood Q

Published 03 Sep, 2012 12:00am

TV Guide app personalises viewing choices

TV Guide app personalises viewing choices

Television viewers can watch hundreds of shows via broadcast, cable, satellite TV and the Internet, as well as on-demand, but how does one manage all that content? TV Guide has an app to help. TV Guide late last week released a free companion app for Appl

Published 03 Sep, 2012 12:00am

Modern lives in US are multi-screen: Google

Modern lives in US are multi-screen: Google

Google on August 29 released research showing that lives in the United States have gone multi-screen, with people bouncing between smartphones, tablets, computers and televisions.

Published 03 Sep, 2012 12:00am

Latest Java software opens PCs to hackers

Latest Java software opens PCs to hackers

Computer security firms are urging PC users to disable Java software in their browsers, saying the widely installed, free software from Oracle Corp opens machines to hacker attacks and there is no way to defend against them.

Published 03 Sep, 2012 12:00am

Smartphones set to lead global handset market: survey

Smartphones set to lead global handset market: survey

Smartphones are set to make up a majority of the global handset market next year, fuelled by surging demand from consumers in both wealthy and emerging nations, a survey showed Tuesday. The report by IHS iSuppli said smartphone shipments in 2013 are forec

Published 03 Sep, 2012 12:00am

China will be top smartphone market in 2012: survey

China will be top smartphone market in 2012: survey

China will overtake the United States as the biggest market for smartphones amid a surge in low-cost handsets, a survey said on August 30. The research firm IDC said China will account for 26.5 percent of all smartphone shipments in 2012, compared to 17.8

Published 03 Sep, 2012 12:00am

Hybrid devices unveiled at IFA trade fair

Hybrid devices unveiled at IFA trade fair

Hybrid devices combining a tablet computer and an ultra-thin notebook looked set on August 30 to be signature products at Europe's biggest consumer-electronics trade fair, IFA, in Berlin.

Published 03 Sep, 2012 12:00am

Google builds birthday reminders into search

Google builds birthday reminders into search

Google on August 29 began letting members of its online social network get search page reminders about the birthdays of friends. "Everyone deserves a little love on their birthday," Google's Irene Chung said in an online message announcing the new feature

Published 03 Sep, 2012 12:00am

Russia unveils tablet computer

Russia unveils tablet computer

It seems Russia's defence ministry doesn't trust Google's tablet computers: a new Android device boasts encryption and works with software and a global positioning system made in Russia. The National Nuclear Research University in Moscow has presented a t

Published 03 Sep, 2012 12:00am

Robbers nabbed thanks to GPS phone

Robbers nabbed thanks to GPS phone

Two robbers who held up a post office in the Parisian suburbs on August 29 were caught 40 minutes later thanks to a GPS-enabled phone they snatched from one of the employees. The two men had made off with 11,000 euros but they paid the price for being gre

Published 03 Sep, 2012 12:00am

Apple to unveil mini iPad in October

Apple to unveil mini iPad in October

Apple will unveil a new, smaller version of its wildly popular iPad in October after the release of the latest version of its iPhone next month, the All Things Digital website reported on August 26.

Published 03 Sep, 2012 12:00am

ZTE launches Intel-based smartphone

ZTE launches Intel-based smartphone

Chinese group ZTE, the world's fourth-largest mobile phone maker, unveiled its first smartphone model using Intel processors, marking an important break into a top-tier handset maker by the US-based group. ZTE said on August 30 its Grand X IN model, which

Published 03 Sep, 2012 12:00am

Bing adds Facebook photo search feature

Bing adds Facebook photo search feature

Bing added a feature on August 30 that lets people search through photos friends posted on Facebook. "With more than 300 million photos uploaded to Facebook per day, photo viewing is one of the most popular things people do on Facebook," Bing social team

Published 03 Sep, 2012 12:00am

Previous Day

Forex
World
Commodity

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
Petrol/Litre / Nov 23	248.38
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Diesel/Litre / Nov 23	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 23 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 23 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 23 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 23 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 23 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 23 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 23 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 23 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 23 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

Markets →

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