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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-09-07
Early trade in New York: Euro surges to two-month high versus dollar

Early trade in New York: Euro surges to two-month high versus dollar

The euro traded higher against the US dollar on Thursday after the European Central Bank unveiled a new and potentially unlimited bond-buying program to stem the euro zone debt crisis. Investors have been anticipating the plan for weeks and the details Eu
Published 07 Sep, 2012 12:00am
Euro rallies across the board in New York

Euro rallies across the board in New York

The euro rallied across the board on Wednesday on reports the European Central Bank may purchase more government debt from troubled peripheral nations of the euro zone to stem the region's banking crisis. ECB President Mario Draghi is expected to reveal d
Published 07 Sep, 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 Thursday. 81.73-81.80 (previous 81.74-81.77). Call Money Rates: 09.50-10.00 percent (previous 09.00-11.25 percent).
Published 07 Sep, 2012 12:00am
Indian rupee snaps losing streak

Indian rupee snaps losing streak

The Indian rupee snapped a three-day losing streak on Thursday boosted by corporate dollar sales and gains in the euro, which rose on hopes the European Central Bank would announce a plan later in the day to aid the ailing euro zone economies. "Corporate
Published 07 Sep, 2012 12:00am
Taiwan dollar, won lead Asia forex gains

Taiwan dollar, won lead Asia forex gains

Most emerging Asian currencies rose on Thursday with risk appetite cautiously increasing amid renewed hopes that the European Central Bank may adopt new remedies to tackle the euro zone debt crisis. The Taiwan dollar rose on foreign banks' short-covering
Published 07 Sep, 2012 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling inched higher against the euro on Thursday after investors learned little they were not expecting from ECB President Mario Draghi about a new bond-buying plan to tackle the euro zone debt crisis. Draghi said the European Central Bank would undert
Published 07 Sep, 2012 12:00am
Sharapova out for revenge in US Open semis; Serena advances

Sharapova out for revenge in US Open semis; Serena advances

Maria Sharapova advanced to a grudge-match US Open semi-final against top seed Victoria Azarenka on Wednesday. Russian third seed Sharapova reached the semi-finals for the first time since her 2006 US Open title run by rallying to defeat French 11th seed
Published 07 Sep, 2012 12:00am
Berdych stuns Federer to set-up Murray showdown

Berdych stuns Federer to set-up Murray showdown

Roger Federer saw his dream of becoming the first man in 87 years to win six US Opens destroyed by big-swinging Czech Tomas Berdych Wednesday in the Swiss legend's earliest New York defeat in nine years. The 17-time Grand Slam title winner, bidding to rea
Published 07 Sep, 2012 12:00am
IPL team Deccan Chargers up for sale

IPL team Deccan Chargers up for sale

Indian Premier League side the Deccan Chargers were put up for sale on Thursday in the latest upheaval for the money-spinning Twenty20 tournament that has been dogged by ownership troubles. Deccan Chronicle Holdings, a media company, placed advertisements
Published 07 Sep, 2012 12:00am
Warwickshire win County Championship

Warwickshire win County Championship

Warwickshire won their first County Championship title since 2004 on Thursday after cruising to victory over Worcestershire at New Road. The Bears crushed Worcestershire by an innings and 202 runs to end their eight-year wait to be crowned English champio
Published 07 Sep, 2012 12:00am
Storey rides into the record books

Storey rides into the record books

Sarah Storey on Thursday topped the list of Britain's most decorated Paralympians after racing to victory in the C4/5 road race at Brands Hatch. The 34-year-old's win was her fourth of the Games and the 11th in her 20-year Paralympic career, after she won
Published 07 Sep, 2012 12:00am
Stage set for 'Battle of the Blade Runners'

Stage set for 'Battle of the Blade Runners'

The world's fastest amputee sprinters line up on Thursday for the Paralympics' showpiece final, with Britain's world record holder Jonnie Peacock out to strip "Blade Runner" Oscar Pistorius of another title. Peacock, 19, has run 10.85sec for the 100m and
Published 07 Sep, 2012 12:00am
Pakistan humiliate Australia

Pakistan humiliate Australia

Pakistan crushed Australia by seven wickets in the opening Twenty20 international on Wednesday. Australia were dismissed for 89 in 19.3 overs after being out into bat, their second lowest completed innings in Twenty20 history, only managing three fours, a
Published 07 Sep, 2012 12:00am
Europa League gets vote of confidence

Europa League gets vote of confidence

The much-criticised Europa League competition has been given a vote of support by top European club managers, UEFA technical director Andy Roxburgh said on Thursday. With calls for the second-tier tournament to be drastically altered or even scrapped, Eur
Published 07 Sep, 2012 12:00am
Former Pakistan players urge ICC award boycott

Former Pakistan players urge ICC award boycott

Former Pakistan players on Thursday urged a boycott of the International Cricket Council (ICC) annual awards ceremony over the omission of spinner Saeed Ajmal from the shortlist for Test player of the year.
Published 07 Sep, 2012 12:00am
Darfur peacekeeping staff go on wage strike: UNAMID

Darfur peacekeeping staff go on wage strike: UNAMID

Sudanese civilian staff in the world's largest peacekeeping operation have staged a strike over wages, the mission said on Thursday, as the country's economy faces a sinking currency and steep inflation. "UNAMID's national staff held yesterday a strike",
Published 07 Sep, 2012 12:00am
Floods kill 18 in Burkina Faso

Floods kill 18 in Burkina Faso

Heavy rains and flooding since the start of June have claimed 18 lives in Burkina Faso and made more than 21,000 people homeless, an emergency aid official said Thursday. "Since the beginning of the rainy season in June, we have 10 out of 13 regions that
Published 07 Sep, 2012 12:00am
Hungarian Prime Minister rejects EU-IMF conditions for aid

Hungarian Prime Minister rejects EU-IMF conditions for aid

Hungarian Prime Minister Viktor Orban on Thursday rejected conditions set by the European Union and International Monetary Fund for a stand-by credit line of 15 billion euros ($19 billion). "At this price ... and in this way, no," the right-wing Orban sai
Published 07 Sep, 2012 12:00am
Turkish jets hit Kurdish militant positions

Turkish jets hit Kurdish militant positions

Turkish fighter planes and attack helicopters struck suspected Kurdish militant positions in south-eastern Turkey and northern Iraq late on Wednesday in a major air-and-ground operation, security sources and witnesses said. The offensive, which involved a
Published 07 Sep, 2012 12:00am
Iraq bombing kills anti-terror officer

Iraq bombing kills anti-terror officer

A bombing in northern Iraq on Thursday killed the commander of a local police anti-terror unit, security and medical officials said. Colonel Ismail al-Juburi, commander of the anti-terror squad in the town of Al-Sharqat, was travelling to the provincial c
Published 07 Sep, 2012 12:00am
Explosives scare on US Airways flight

Explosives scare on US Airways flight

A US Airways jetliner was forced to return to Philadelphia airport shortly after takeoff Thursday because of what turned out to be a false report of explosives aboard, officials said. "A US Airways flight was returned to Philadelphia Airport after informa
Published 07 Sep, 2012 12:00am
US strikes Nepal Maoists from terror blacklist

US strikes Nepal Maoists from terror blacklist

The United States on Thursday removed Nepal's ruling Maoist party, which heads up a caretaker government in the Himalayan nation, from its blacklist of terrorist organisations. After almost a decade as a designated global terrorist body, the Communist Par
Published 07 Sep, 2012 12:00am
Zimbabwe man fined for Mugabe death joke

Zimbabwe man fined for Mugabe death joke

A Zimbabwe court fined a man $150 (120 euro) for joking that President Robert Mugabe had died, a daily newspaper reported Thursday. Cleapas Manangazira, 34, was convicted for undermining the authority of the president in a court in central city Gweru.
Published 07 Sep, 2012 12:00am
Anti-drug war 'peace caravan' to arrive in New York

Anti-drug war 'peace caravan' to arrive in New York

A "peace caravan" on a cross-country crusade to end to the US war on drugs that organisers blame for the violence tearing up Mexico was expected to arrive in New York Thursday evening. The two-bus, four-car convoy is driving to the east coast metropolis f
Published 07 Sep, 2012 12:00am
Clinton in Brunei on mission to calm sea row

Clinton in Brunei on mission to calm sea row

US Secretary of State Hillary Clinton began a visit to the tiny sultanate of Brunei on Thursday in her latest stop on a tour seeking to cool tensions in the South China Sea. Clinton's one-night stop in the US-friendly petro-state makes her the first US se
Published 07 Sep, 2012 12:00am
South African union snubs Lonmin 'peace deal'

South African union snubs Lonmin 'peace deal'

South Africa's militant AMCU union refused to sign a "peace deal" with platinum company Lonmin on Thursday, undermining government-backed efforts to open pay talks and end a four-week strike scarred by deadly violence.
Published 07 Sep, 2012 12:00am
Israel allows three of 21 Eritreans in through Egypt border

Israel allows three of 21 Eritreans in through Egypt border

Israel allowed three Eritreans who had been stranded in no-man's land on the Egypt border to enter on Thursday, as part of a deal in which 18 other men from the group would head back toward Egypt. The 21 Eritreans - including two women and a 14-year-old b
Published 07 Sep, 2012 12:00am
Kyrgyzstan appoints new Prime Minister, cabinet

Kyrgyzstan appoints new Prime Minister, cabinet

Kyrgyzstan's President Almazbek Atambayev on Thursday appointed a new prime minister and cabinet, ending two weeks of limbo caused by a split within the ruling coalition in the Central Asian country. The candidacy of new prime minister, Zhantoro Satybaldi
Published 07 Sep, 2012 12:00am
Shelling kills 20 in south Damascus

Shelling kills 20 in south Damascus

Syrian army mortar and artillery bombardment of an area of southern Damascus where Palestinian refugees live killed at least 20 people on Thursday, residents and local emergency workers said. Yarmouk camp and the districts surrounding it have seen the mos
Published 07 Sep, 2012 12:00am
US urges Iraq to inspect Iran supply flights to Syria

US urges Iraq to inspect Iran supply flights to Syria

US officials are questioning Iraq about Iranian flights in Iraqi airspace suspected of ferrying weapons to Syrian President Bashar al-Assad, whose conflict with rebels threatens to drag his neighbours into a regional struggle. Iraqi Prime Minister Nuri al
Published 07 Sep, 2012 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures ended higher on Thursday, supported by outside market strength linked to a new bond-buying program in Europe aimed at containing the region's debt crisis. Cotton futures were swept up in a broader-based rally that saw the S&P 500 index surg
Published 07 Sep, 2012 12:00am
Shanghai copper climbs

Shanghai copper climbs

Shanghai copper rose to its highest in more than three months on Thursday on hopes the European Central Bank will unveil a new plan to combat surging borrowing costs in indebted euro zone states. "In the short term, decisive actions by the ECB will boost
Published 07 Sep, 2012 12:00am
Copper declines

Copper declines

Copper fell on Thursday, but the metal remained supported near six-week highs after the European Central Bank (ECB) gave its backing to a concrete plan to help lower the borrowing costs of struggling euro zone countries. ECB President Mario Draghi said th
Published 07 Sep, 2012 12:00am
Oil rises on drop in US inventory and ECB

Oil rises on drop in US inventory and ECB

Oil prices settled higher but well off the day's peaks on Thursday, supported by a drop in US crude oil inventories, strong jobs data and the European Central Bank's announcement of a bond buying program. Brent and US crude prices faded ahead of settlemen
Published 07 Sep, 2012 12:00am
Tokyo, Shanghai rubber up

Tokyo, Shanghai rubber up

Benchmark Tokyo rubber futures rose more than 3 percent on Thursday, rebounding from heavy losses in the previous two sessions, supported in part by Indonesia's plans to start cutting exports in the fourth quarter. The benchmark rubber contract on the Tok
Published 07 Sep, 2012 12:00am
Soya, wheat tumble

Soya, wheat tumble

US soyaeans slid over 1 percent on Wednesday, notching the biggest one-day drop in three weeks as the harvest in the Midwest farm belt got underway and on profit-taking a day after prices set an all-time high near $18 per bushel. Prices in the cash market
Published 07 Sep, 2012 12:00am
Palm oil plunges

Palm oil plunges

Malaysian crude palm oil futures fell to a 3-week low on Thursday, as traders booked profits after US soybeans dropped from a record high and a leading industry analyst warned of a looming supply glut of the tropical oil. Soybeans touched a 1-week low in
Published 07 Sep, 2012 12:00am
Sugar drops to two-year low

Sugar drops to two-year low

Sugar futures changed direction and closed at two-year lows on Thursday on a rash of late-day selling that kept both the white and raw markets in firm downtrends, while cocoa futures extended their gains to multi-month highs on a lack of producer selling.
Published 07 Sep, 2012 12:00am
Gold dips in New York

Gold dips in New York

Gold prices dipped from near a six-month high on Wednesday, and trading volume was light as investors sat on the sidelines on the eve of the European Central Bank meeting. Gold prices stayed within a $9 range a day after testing the $1,700 an ounce level.
Published 07 Sep, 2012 12:00am
Gold rises in Asia

Gold rises in Asia

Bullion tracked the euro higher on Thursday and rose to its highest since March ahead of a meeting of the European Central Bank later in the day that could bring the announcement of new policies to help contain the euro zone's debt crisis. Gold rose 0.59
Published 07 Sep, 2012 12:00am
Gold surges to six-month high in Europe

Gold surges to six-month high in Europe

Gold rose to six-month highs on Thursday after the European Central Bank offered enough detail of its proposed bond-buying programme to protect the euro from a deep sell-off. ECB President Mario Draghi said the bank agreed to launch a new and potentially
Published 07 Sep, 2012 12:00am
US MIDDAY: wheat soars

US MIDDAY: wheat soars

Chicago wheat futures soared more than 2 percent early on Thursday amid expectations that world's No. 4 exporter Russia could soon run out of supplies, forcing some demand to shift to the United States, the top shipper of the grain. The expectations stemm
Published 07 Sep, 2012 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

Copper fell on Thursday as the market set back after a three-day rally, despite supportive news that the European Central Bank will undertake an aggressive bond-buying program to help struggling euro zone countries. Copper broke ranks with global equities
Published 07 Sep, 2012 12:00am
Taxation measures helped increase sales tax collection: FBR

Taxation measures helped increase sales tax collection: FBR

The Federal Board of Revenue has said that the taxation measures such as withdrawal of sales tax exemption from defence stores and tax rate increase on the value addition of commercial importers in budget 2011-12 have vastly increased the collection of sa
Published 07 Sep, 2012 12:00am
Dealers asked not to sell fake pesticides

Dealers asked not to sell fake pesticides

Director Plant Protection Agriculture Extension Wing Hyderabad Bashir Ahmed paid a surprise visit at different pesticides/fertiliser shops in different markets in Larkana, Tando Mohammad Khan, Kariyo Ghanwar, Golarchi talukas since last three days and dra
Published 07 Sep, 2012 12:00am
Most police stations need proper buildings: report

Most police stations need proper buildings: report

Monitoring during the April-June 2012 quarter showed 20 police stations not housed in proper buildings although alternatives are available, says a Free and Fair Election Network (FAFEN) report. The report released on Thursday said FAFEN monitors visited 1
Published 07 Sep, 2012 12:00am
PAC orders timely release of uplift funds

PAC orders timely release of uplift funds

The Public Accounts Committee (PAC) on Thursday directed the Planning and Development Division to take concrete steps to improve its financial discipline, besides producing the list of officers who had gone on foreign tours and training programmes.
Published 07 Sep, 2012 12:00am
Tenders awarded to NLC, FWO: PQA incurred huge loss: TI Pakistan

Tenders awarded to NLC, FWO: PQA incurred huge loss: TI Pakistan

Port Qasim Authority (PQA) incurred a loss of over Rs 0.5 billion in tenders awarded in 2009 to National Logistic Cell (NLC) and Frontier Works Organisation (FWO) due to discriminatory specifications of GRP pipes and again in 2012 same discriminatory spec
Published 07 Sep, 2012 12:00am
Killer of wife gets death penalty

Killer of wife gets death penalty

An Anti Terrorist Court has given death penalty twice and life imprisonment to man burned his wife alive in Faisalabad. According to prosecution, the accused two months ago set his wife on fire by throwing petrol on her over domestic issue in the area Far
Published 07 Sep, 2012 12:00am
APOTOA member dies in road accident

APOTOA member dies in road accident

A board member of All Pakistan Oil Tankers Owners Association (APOTOA), Fazal Zada Swati, 45 died in a car accident near Jhang, Punjab late Wednesday night. Fazal Zada was on his way back from Swat to Karachi to resume his office when met a fatal road cra
Published 07 Sep, 2012 12:00am
A large number of trade buyers visit plastic-food exhibition

A large number of trade buyers visit plastic-food exhibition

The 10th PLASTI & Pack 2012, 9th IFTECH (food + bev) Pakistan 2012 and 1st Food and Hospitality 2012, jointly organised by the Pegasus Consultancy and Fairtrade Messe, was concluded at the Karachi Expo Centre here on Thursday with a positive note that exh
Published 07 Sep, 2012 12:00am
'Foreign elements' behind sectarian violence: Musharraf

'Foreign elements' behind sectarian violence: Musharraf

Pervez Musharraf, the head of APML, on Thursday has asked 60 per cent youth to come forward and cast their votes in next general election in order to change the fate of country. This he said while addressing (through video software from Dubai) an event he
Published 07 Sep, 2012 12:00am
'Quality education could be ensured in our universities'

'Quality education could be ensured in our universities'

Sindh University (SU) Vice-Chancellor Dr Nazir A Mughal has said that the role of higher education is limited and as usual, students get admissions, study, get the degrees and go away but now we have to involve the community in higher education so that qu
Published 07 Sep, 2012 12:00am
Government urged to import diesel from India

Government urged to import diesel from India

Agri Forum Pakistan's Chairman Muhammad Ibrahim Mughal has urged the government to import diesel from India which is cheaper than Pakistan instead of importing vegetables, agricultural commodities, meat and fruits. In a statement issued here on Thursday,
Published 07 Sep, 2012 12:00am
Cabinet Division working on proposal to reorganise CDA board

Cabinet Division working on proposal to reorganise CDA board

The Cabinet Division is preparing a proposal to reorganise the board of Capital Development Authority (CDA), on the suggestions of parliamentarians for greater transparency. Additional Secretary Cabinet Division Shahidullah Baig informed members of the Su
Published 07 Sep, 2012 12:00am
Meeting of HEC, World Bank, finance ministry officials postponed

Meeting of HEC, World Bank, finance ministry officials postponed

A meeting between officials of the Higher Education Commission, World Bank and the Ministry of Finance has been cancelled after the release of fund by the Finance Ministry to HEC, but the delay in release of funds is impacting the Tertiary Education Suppo
Published 07 Sep, 2012 12:00am
Sub-standard, spurious medicines: PQCB registers four cases

Sub-standard, spurious medicines: PQCB registers four cases

The Provincial Quality Control Board (PQCB) has accorded approval for prosecution of as many 16 cases and registration of FIR in four cases pertaining to sub-standard and spurious medicines. The meeting of Provincial Quality Control Board was held under t
Published 07 Sep, 2012 12:00am
Five students awarded scholarship

Five students awarded scholarship

Higher Education Commission of Pakistan (HEC) in collaboration with Cambridge Common-wealth Trust UK has awarded scholarship to five Pakistani students to undertake research projects on issues directly related to Pakistani society in Cambridge University
Published 07 Sep, 2012 12:00am
Land reforms

Land reforms

Alfred Marshall defined economics as a study of mankind in the ordinary business of life. We have land, labour, capital and entrepreneurs. We have hardworking labour force, entrepreneurs - Pakistanis as well as foreigners - who are willing to invest but t
Published 07 Sep, 2012 12:00am
France enthralled by first lady's battle with Hollande ex

France enthralled by first lady's battle with Hollande ex

France's Socialist President Francois Hollande hoped he could keep his love life private and distinguish himself from his showy predecessor Nicolas Sarkozy. But his feisty first lady appears to have dashed those plans. Valerie Trierweiler has been quiet s
Published 07 Sep, 2012 12:00am
Clinton or Carter: Whose fate will Obama share?

Clinton or Carter: Whose fate will Obama share?

The left-leaning Democratic Party's living ex-presidents - Jimmy Carter (1977-81) and Bill Clinton (1993-2001) - sought re-election under very different conditions and had very different results. President Barack Obama is fighting hard to avoid joining th
Published 07 Sep, 2012 12:00am
Sordid story of tax reforms

Sordid story of tax reforms

The Federal Board of Revenue (FBR) during the last many years has failed on all fronts-in meeting revenue targets, broadening of tax base, implementing Value Added Tax (VAT), increasing share of direct taxes to the extent of 60% of total revenue collectio
Published 07 Sep, 2012 12:00am
Malnutrition in Khyber Pakhtunkhwa

Malnutrition in Khyber Pakhtunkhwa

Speakers at a seminar in Peshawar have stressed the need for adopting a multi-sectoral approach to combating the rising incidence of malnutrition, particularly among children, in Khyber Pakhtunkhwa. Country's north-western areas have been the main theatre
Published 07 Sep, 2012 12:00am
Pleading for a cut in export finance rate

Pleading for a cut in export finance rate

There have been consistent demands for a reduction in export finance rate from the business community after the latest cut in the policy rate by the State Bank of Pakistan. On 4th September, 2012, exporters again urged upon the government to lower the exp
Published 07 Sep, 2012 12:00am
SECP explains to investors benefits of education programme

SECP explains to investors benefits of education programme

The Securities and Exchange Commission of Pakistan (SECP) here on Thursday informed the retail investors of twin cities of Rawalpindi and Islamabad that the 'investor' education programme' would create awareness among investors on their rights and respons
Published 07 Sep, 2012 12:00am
AJK observes Defence Day

AJK observes Defence Day

The people of Azad Jammu & Kashmir (AJK) on Thursday observed the Defense Day of Pakistan with great enthusiasm and devotion and renew the pledge to render any sacrifices for the stability, solidarity and prosperity of the country. The day was dawned with
Published 07 Sep, 2012 12:00am
Defence Day observed in China

Defence Day observed in China

The Defence Day of Pakistan was celebrated at the Pakistan Embassy here on Thursday. High-level officers of Chinese PLA, belonging to all the three armed forces, ambassadors of the United States, Nepal and Sri Lanka, defence attaches and diplomats from se
Published 07 Sep, 2012 12:00am
Khyber Pakhtunkhwa CS for special treatment to Martyrs' families

Khyber Pakhtunkhwa CS for special treatment to Martyrs' families

Chief Secretary, Khyber Pakhtunkhwa, Ghulam Dastagir Akhtar has directed all the administrative departments and organisations of the province to give preferential treatment to the children and family members of the personnel of armed forces, frontier corp
Published 07 Sep, 2012 12:00am
Defence Day: Nation will never forget its heroes: KPK Governor

Defence Day: Nation will never forget its heroes: KPK Governor

Khyber Pakhtunkhwa Governor Barrister Masood Kausar has said that nations earn honour and prestige by offering sacrifices and "we always will feel proud on our heroes who laid down their lives for better future of the motherland."
Published 07 Sep, 2012 12:00am
Defence Day observed in Multan

Defence Day observed in Multan

Defence Day of Pakistan was observed here with traditional zeal on Thursday. Thousands of people offered fateha at the graves of martyrs of 1965 and 1971 war. Pakistan Muslim League -Nawaz (PML-N) organised a rally to express solidarity with armed forces
Published 07 Sep, 2012 12:00am
PTI pays tribute to martyrs

PTI pays tribute to martyrs

Pakistan Tehreek-e-Insaf (PTI) pays rich tribute to martyrs of the nation on "Defence Day". This day commemorates the sacrifices made by great soldiers who laid down their lives in defending our frontiers for the sovereignty and security of the beloved mo
Published 07 Sep, 2012 12:00am
Guard-mounting ceremony at Mazar-i-Quaid

Guard-mounting ceremony at Mazar-i-Quaid

In connection with the Defence Day of Pakistan, a guard mounting ceremony took place at the Mazar-e-Quaid in which a smartly turned out contingent of Cadets from PAF Academy Risalpur took over guard duties at the mausoleum of the Father of the Nation to c
Published 07 Sep, 2012 12:00am
Pakistan, Bangladesh need to finalise FTA: FBR

Pakistan, Bangladesh need to finalise FTA: FBR

The Federal Board of Revenue has proposed that Pakistan and Bangladesh should liberalise their markets for each other and finalise the overdue Free Trade Agreement without further delay and non-tariff barriers at both ends which hinder the trade between t
Published 07 Sep, 2012 12:00am
Sindh civil service ordinance challenged

Sindh civil service ordinance challenged

Sindh Civil Servants (Amendment) Ordinance 2012 has been challenged in the Supreme Court. The petitioner, Mahmood Akhtar Naqvi, has moved a petition under Article 184(3) of the constitution in the apex court against the Sindh Civil Servants (Amendment) Or
Published 07 Sep, 2012 12:00am
'Illegal' appointments in PQA: hearing adjourned indefinitely

'Illegal' appointments in PQA: hearing adjourned indefinitely

During the course of hearing of a petition challenging 686 allegedly illegal appointments in Port Qasim Authority (PQA), petitioner Abdul Jabbar Memon on Thursday told the Supreme Court that illegal appointments were still being made as the apex court's o
Published 07 Sep, 2012 12:00am
Dengue claims elderly woman's life

Dengue claims elderly woman's life

An elderly woman died of Dengue fever here on Thursday. This was stated by the focal person of the Dengue Surveillance Cell. The death occurred at a local hospital the other day, he added. The Sindh Health Minister, Dr Sagheer Ahmed, has expressed sorrow
Published 07 Sep, 2012 12:00am
'USAID-funded study tour helps build effective systems'

'USAID-funded study tour helps build effective systems'

A group of 13 Pakistani professionals working on gender-based violence gathered on Thursday to share lessons learned during their recent study tour to Kenya. The study tour was funded by the US government through US Agency for International Development (U
Published 07 Sep, 2012 12:00am
665 of 744 ECC decisions implemented in four years: official

665 of 744 ECC decisions implemented in four years: official

The Economic Co-ordination Committee of the Cabinet was informed that majority of its decisions taken during the last four and half years have been implemented. The Secretary Cabinet has reportedly submitted a detailed report stating that 744 decisions we
Published 07 Sep, 2012 12:00am
LSM posts low growth: economic indicators depict mixed picture, ECC told

LSM posts low growth: economic indicators depict mixed picture, ECC told

The Finance Ministry has reportedly informed the Economic Co-ordination Committee (ECC) of the Cabinet that latest economic indicators depict mixed picture with relatively low growth by the Large Scale Manufacturing (LSM) largely because of on-going energ
Published 07 Sep, 2012 12:00am
EOBI clarification

EOBI clarification

Apropos a news item carried by Business Recorder, EOBI has clarified that there has been a miscommunication of facts in the said news item: "None of the EOBI properties, whether building or open plot, have ever been occupied by workers of any polit
Published 07 Sep, 2012 12:00am
Action plan against overloaded vehicles

Action plan against overloaded vehicles

The government has devised a comprehensive action plan to deal with overloading on motorways and highways, which is responsible for destroying roads. This was stated by Inspector General (IG) National Highways and Motorway Police (NH&MP) Zafar Abbas Lak w
Published 07 Sep, 2012 12:00am
Summary on CNG kits: petroleum ministry's role criticised

Summary on CNG kits: petroleum ministry's role criticised

The Economic Co-ordination Committee (ECC) of the Cabinet has criticised the Petroleum Ministry for submitting a summary to allow import of CNG kits for which LC were opened before December 31 last year, without giving proper consideration to statistical
Published 07 Sep, 2012 12:00am
SCCI calls for concrete mechanism to ease concerns on new ATTA pact

SCCI calls for concrete mechanism to ease concerns on new ATTA pact

President, Sarhad Chamber of Commerce and Industry, (SCCI) Afan Aziz has called for devising a tangible mechanism with mutual consultation to remove the concerns of business community of Khyber Pakhtunkhwa and Bolachistan province regarding the new Pak-Af
Published 07 Sep, 2012 12:00am
Titles of judges: LHC reserves verdict

Titles of judges: LHC reserves verdict

The Lahore High Court here on Thursday reserved its verdict in a petition challenging the use of title of "my lord" for judges and bowing before them during the court proceedings. The petitioner A K Dogar submitted that on November 06, 1980 president's or
Published 07 Sep, 2012 12:00am
Five more killed in Karachi violence

Five more killed in Karachi violence

At least five people were killed in violent incidents in the city on Thursday, police and rescue sources said. A 23-year-old man named Umair was gunned down while two persons were injured in Block A in North Nazimabad after unidentified armed men riding m
Published 07 Sep, 2012 12:00am
Fifth South Asia Economic Summit from September 11

Fifth South Asia Economic Summit from September 11

The 5th South Asia Economic Summit (SAES-V) will be held here from September 11 to 13 with theme "Making Growth Inclusive and Sustainable in South Asia". The 3-day summit will be organised by Sustainable Development Policy Institute (SDPI) in collaboratio
Published 07 Sep, 2012 12:00am
Police claim arrest of 28 suspects

Police claim arrest of 28 suspects

Police claimed that they had arrested 28 suspects said to be involved in various crimes during the past 24 hours in separate raids in the city on Thursday. According to police, two gangsters and two policemen were killed during an operation against crimin
Published 07 Sep, 2012 12:00am
APNS provincial body meets: Sindh government urged to pay dues

APNS provincial body meets: Sindh government urged to pay dues

Consequent upon the consistent indifference of the Sindh Information to clear dues of APNS members, the Sindh Committee of the Society has decided to suspend the advertisements of Sindh Information in member publications if the payments are not made by Se
Published 07 Sep, 2012 12:00am
Managing Director KWSB resigns

Managing Director KWSB resigns

In a surprising move, Managing Director, Karachi Water and Sewerage Board (KWSB) on Thursday resigned from his post for, what he said, personal reasons. Citing reasons for his resignation, Misbahuddin Fareed, the outgoing MD Water Board said that he was n
Published 07 Sep, 2012 12:00am
PSQCA Karachi office issuing reports without laboratory tests

PSQCA Karachi office issuing reports without laboratory tests

Pakistan Standard and Quality Control Authority (PSQCA), the only national body for assuring quality, is persistently issuing reports regarding the quality of essential products without laboratory tests, Business Recorder learnt on good authority o
Published 07 Sep, 2012 12:00am
PML-N will not become part of 'aimless' accountability bill: Nisar

PML-N will not become part of 'aimless' accountability bill: Nisar

Leader of the Opposition in the National Assembly Chaudhry Nisar Ali Khan on Thursday ruled out the possibility of holding talks with Pakistan People's Party (PPP) and said that Pakistan Muslim League-Nawaz (PML-N) would not become part of an 'aimless' ac
Published 07 Sep, 2012 12:00am
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