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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-10-02
Powerful typhoon kills two in Japan

Powerful typhoon kills two in Japan

Powerful Typhoon Jelawat left at least two people dead and more than 180 injured in Japan over the weekend before passing out into the Pacific on Monday, the weather agency and local media said. The typhoon, packing winds of up to 126 kilometres (78 miles
Published 02 Oct, 2012 12:00am
Georgia's ruling party, rivals claim election win

Georgia's ruling party, rivals claim election win

Georgian President Mikheil Saakashvili's ruling party and an opposition coalition both claimed victory in a parliamentary election in the former Soviet republic on Monday, raising the prospect of a post-election stand-off. Any signs of instability would w
Published 02 Oct, 2012 12:00am
Japan Prime Minister reshuffles cabinet, names new finance minister

Japan Prime Minister reshuffles cabinet, names new finance minister

Japanese Prime Minister Yoshihiko Noda reshuffled his cabinet on Monday, naming Koriki Jojima, a senior member of the ruling Democratic Party of Japan (DPJ), as new finance minister. Foreign Minister Koichiro Gemba was among heavyweight names keeping thei
Published 02 Oct, 2012 12:00am
Iraq's monthly death toll doubles, bloodiest for two years

Iraq's monthly death toll doubles, bloodiest for two years

The death toll from militant attacks across Iraq doubled in September to 365, the highest toll for more than two years, with most of them killed in bomb attacks, according to government figures released on Monday. The insurgents have launched one major as
Published 02 Oct, 2012 12:00am
Syria pushes refugee total towards record

Syria pushes refugee total towards record

With tens of thousands fleeing Syria every month, the number of refugees world-wide in 2012 is set to be the highest this century, a senior United Nations official said on Monday. Antonio Guterres, the body's High Commissioner for Refugees, told his UNHCR
Published 02 Oct, 2012 12:00am
World facing unprecedented refugee crisis: UNHCR

World facing unprecedented refugee crisis: UNHCR

UN refugee agency chief Antonio Guterres warned Monday that a surge in the number of refugees around the world was causing a crisis that was unprecedented in recent history. "Already in 2011, as crisis after crisis unfolded, more than 800,000 people cross
Published 02 Oct, 2012 12:00am
Goldman expects corn and wheat to gain on soyabeans

Goldman expects corn and wheat to gain on soyabeans

Investment bank Goldman Sachs said on Monday it expected corn and wheat prices to outperform soyabean prices over the next few months due to bigger-than-expected US soyabean supplies reported by the government last week. Goldman said in a research note to
Published 02 Oct, 2012 12:00am
Copper rises

Copper rises

Copper rose on Monday, reversing earlier losses, as the euro rebounded and the dollar fell but more evidence of shrinking factory activity in China and renewed worries over public debt problems in Spain capped gains. But in contrast to Europe and Asia, ma
Published 02 Oct, 2012 12:00am
Brent crude slips

Brent crude slips

Brent crude slipped Monday as signs of economic weakness in Asia and a looming recession in the debt-saddled euro zone tempered more optimistic US manufacturing data. The international benchmark came under early pressure from data showing factory activity
Published 02 Oct, 2012 12:00am
Tokyo rubber futures flat

Tokyo rubber futures flat

Key TOCOM rubber futures shed early gains to end almost flat on Monday, hit by fresh evidence of slower growth in China, the world's biggest rubber consumer. Some traders said that prices could drop further this week, with the introduction of export curbs
Published 02 Oct, 2012 12:00am
Palm oil tumbles to new two-year low

Palm oil tumbles to new two-year low

Malaysian palm oil futures tumbled to the lowest in more than two years on Monday as investors fretted over rising stocks that may outpace slowing demand and the uncertain global economic outlook. A cargo surveyor reported a dip in Malaysia's September ex
Published 02 Oct, 2012 12:00am
Sugar and coffee climb

Sugar and coffee climb

ICE raw sugar futures jumped to a six-week high on a short-covering on Monday, the first trading day of the fourth quarter following a sizeable delivery, while arabica coffee climbed on support from the weak US dollar. Cocoa dropped as crop weather improv
Published 02 Oct, 2012 12:00am
Gold drifts lower in Asia

Gold drifts lower in Asia

Gold drifted lower on Monday after posting its biggest quarterly rise in more than two years, tracking a weaker euro as Spain's struggle to control its finances worried investors. Caution has returned to the market after central banks' stimulus measures c
Published 02 Oct, 2012 12:00am
Gold rallies sharply

Gold rallies sharply

Gold rallied sharply on Monday on the back of what traders and analysts said was a rush of hedge fund buying at the start of the new quarter, following the strongest quarterly gain in the bullion price in over two years.
Published 02 Oct, 2012 12:00am
US MIDDAY: soya falls

US MIDDAY: soya falls

US soyabean futures tumbled more than 2 percent on Monday, reversing similar gains from the previous session, as a record-fast harvest pace and reports of larger-than-expected yields pressured prices. Wheat futures dropped nearly 3 percent in a profit-tak
Published 02 Oct, 2012 12:00am
US MIDDAY: gold near one-year high

US MIDDAY: gold near one-year high

Gold rallied to a near one-year high early on Monday with traders and analysts citing both fund buying and possible central bank demand as markets opened a new quarter against the backdrop of a weak dollar. The spot price of bullion peaked above the $1,79
Published 02 Oct, 2012 12:00am
MUFAP's chairman, vice chairman and new directors elected

MUFAP's chairman, vice chairman and new directors elected

The Members of the Mutual Funds Association of Pakistan (MUFAP) have elected new Directors on the Board of Directors against the vacancies arising from the rotational retirement of some of the Directors on the 20th September, 2012. The new Board of Direct
Published 02 Oct, 2012 12:00am
MUFAP's chairman, vice chairman and new directors elected

MUFAP's chairman, vice chairman and new directors elected

The Members of the Mutual Funds Association of Pakistan (MUFAP) have elected new Directors on the Board of Directors against the vacancies arising from the rotational retirement of some of the Directors on the 20th September, 2012. The new Board of Direct
Published 02 Oct, 2012 12:00am
Exposition Pakistan likely to attract 1,000 foreign buyers

Exposition Pakistan likely to attract 1,000 foreign buyers

Around 1,000 foreign buyers/importers from about 70 countries are expected to visit Pakistan to attend the country's biggest trade fair 'Expo Pakistan'. The mega event, scheduled to be held from October 4 to 7 at Karachi Expo Centre, would be attended by
Published 02 Oct, 2012 12:00am
SCB launches Islamic Euro Nostro Account

SCB launches Islamic Euro Nostro Account

Standard Chartered Bank (SCB) on Monday announced the launch of the industry's first Islamic Euro Nostro Account. Islamic banks across the world will now be able to earn Shariah-compliant profits on their account balances at Standard Chartered Bank, Germa
Published 02 Oct, 2012 12:00am
MCL posts Rs 346.486 million profit after tax

MCL posts Rs 346.486 million profit after tax

Mustehkam Cement Limited (MCL) has posted Rs 346.486 million as profit after tax in the year ended June 30, 2012 (FY12) as compared to after tax loss of Rs 72.837 million recorded in the corresponding period in FY11. The board of directors of the company
Published 02 Oct, 2012 12:00am
MCL posts Rs 346.486 million profit after tax

MCL posts Rs 346.486 million profit after tax

Mustehkam Cement Limited (MCL) has posted Rs 346.486 million as profit after tax in the year ended June 30, 2012 (FY12) as compared to after tax loss of Rs 72.837 million recorded in the corresponding period in FY11. The board of directors of the company
Published 02 Oct, 2012 12:00am
BCL's profit after tax increases to Rs 3.060 billion

BCL's profit after tax increases to Rs 3.060 billion

The profit after tax of Bestway Cement Limited has increased to Rs 3.060 billion in the year ended June 30, 2012 (FY12) as compared to Rs 179.230 million earned in the corresponding period in FY11. The board of directors of the company in its meeting held
Published 02 Oct, 2012 12:00am
BCL's profit after tax increases to Rs 3.060 billion

BCL's profit after tax increases to Rs 3.060 billion

The profit after tax of Bestway Cement Limited has increased to Rs 3.060 billion in the year ended June 30, 2012 (FY12) as compared to Rs 179.230 million earned in the corresponding period in FY11. The board of directors of the company in its meeting held
Published 02 Oct, 2012 12:00am
Three alleged arms smugglers arrested

Three alleged arms smugglers arrested

Anti Extremist Cell (AEC) of Crime Investigation Department (CID) on Monday claimed to have arrested three alleged arms smugglers and recovered a huge cache of weapons from a passenger bus in the limits of Maripur police station. According to SSP AEC Muha
Published 02 Oct, 2012 12:00am
Delegation leaves to attend CACCI Congress in Nepal

Delegation leaves to attend CACCI Congress in Nepal

A high powered delegation comprising 20 businessmen & businesswomen led by Tariq Sayeed, Vice President-Confederation of Asia Pacific Chambers of Commerce & Industry left for Kathmandu, Nepal to attend CACCI Congress 2012, "A vision for shared prosperity"
Published 02 Oct, 2012 12:00am
MD PIA assures support to PALPA

MD PIA assures support to PALPA

Managing Director PIA, Muhammad Junaid Yunus expressed confidence and full support to Pakistan Airline Pilots Association (PALPA) in all their endeavours for the growth of the airline and addressing the aviation safety measures to make the air travel safe
Published 02 Oct, 2012 12:00am
Trade team's visit may bring improvement in Pak-Afghan TTA

Trade team's visit may bring improvement in Pak-Afghan TTA

A Pakistan Afghanistan Joint Chamber of Commerce and Industry's (PAJCCI's) trade delegation, representing Pakistan's business community, will leave here for Afghanistan on October 7 on a five-day visit. PAJCCI Vice-President Engr Daroo Khan Achakzai told
Published 02 Oct, 2012 12:00am
Campaign begins to recover motor vehicle tax

Campaign begins to recover motor vehicle tax

The Excise & Taxation Department, Government of Sindh has launched a road checking campaign to nab the defaulters of motor vehicle tax throughout the province. Director, Excise & Taxation Hyderabad Auranzaib Panhwar has constituted twelve-member special c
Published 02 Oct, 2012 12:00am
Japanese film festival begins today

Japanese film festival begins today

The embassy of Japan would hold a three-day 'Japanese Film Festival' from October 2 to 4, in connection with 60th anniversary of the establishment of diplomatic relations between Pakistan and Japan.
Published 02 Oct, 2012 12:00am
New SCCI president vows to resolve business community's issues

New SCCI president vows to resolve business community's issues

The newly elected President of Sarhad Chamber of Commerce and Industry (SCCI), Dr Mohammad Yousaf Sarwar on Monday assured that he would take steps for amicable resolution of issues of business community, saying that a comprehensive strategy would be devi
Published 02 Oct, 2012 12:00am
Incidence of skin diseases up: Fafen

Incidence of skin diseases up: Fafen

Skin diseases increased by 15 per cent with average 3,275 scabies cases being reported per district in July 2012 as compared with 2,842 recorded in the preceding month, says a Free and Fair Election Network (Fafen) report issues on Monday. Faisalabad (25,
Published 02 Oct, 2012 12:00am
APCPA elects office-bearers

APCPA elects office-bearers

Rana Ikhlaq Ahmad and Choudhry Muhammad Nawaz were elected unopposed as chairman and Vice Chairman of All Pakistan Cotton Powerlooms Assoc-iation (APCPA) for 2012-13 respectively. Malik Abdul Majeed Shad, Secretary General of APCPA announced that Chaudhar
Published 02 Oct, 2012 12:00am
Wateen gets Cisco Customer Satisfaction Excellence Award

Wateen gets Cisco Customer Satisfaction Excellence Award

Wateen Telecom, in its efforts to reshape its consumer brand and becoming the consumer's digital life partner through innovative services, has been recognised with Cisco Customer Satisfaction Excellence award. Wateen won this award for the second time bec
Published 02 Oct, 2012 12:00am
Reference against former-Ogra chief to be filed soon: PG NAB

Reference against former-Ogra chief to be filed soon: PG NAB

Supreme Court on Monday sought details of terms of reference (ToR) and minutes of the executive board meetings from National Accountability Bureau (NAB) today (Tuesday). A three-judge bench led by Chief Justice Iftikhar Muhammad Chaudhry was hearing the c
Published 02 Oct, 2012 12:00am
CDA needs to take stern action against encroachments

CDA needs to take stern action against encroachments

Encroachments in different markets as well as green belts in the Capital are increasing with each passing day due to negligence of Capital Development Authority (CDA) to enforce its rules. A senior CDA official said that encroachment is a clear violation
Published 02 Oct, 2012 12:00am
Nepra holds public hearing: power tariff hike widely opposed

Nepra holds public hearing: power tariff hike widely opposed

Domestic consumers, traders, seasonal factory owners, industrialists and Multan chamber opposed the power tariff hike proposed by Multan Electric Power Company (Mepco) in a public hearing, which was organised by National Electric Power Regulatory Authorit
Published 02 Oct, 2012 12:00am
Punjab secretary health issued show-cause notice

Punjab secretary health issued show-cause notice

The Lahore High Court (LHC) here on Monday after issuing show-cause notice to Secretary Health Punjab Arif Nadeem in a contempt petition directed him to appear before the court on October 15 in a petition filed by four midwives of Faisalabad district. Saj
Published 02 Oct, 2012 12:00am
Firdous for developing stronger political system

Firdous for developing stronger political system

Federal Minister for National Regulations and Services Dr Firdous Ashiq Awan on Monday underscored the need of collective efforts for developing a strong political system as well as bringing radical changes in attitude in the society for developing democr
Published 02 Oct, 2012 12:00am
IRSA releases addl 20,000 cusecs of water

IRSA releases addl 20,000 cusecs of water

Indus River System Authority (IRSA) has increased daily water releases by 20,000 cusecs downstream the Tarbela dam on river Indus to produce 3,000 MW hydel power generation from the Tarbela power houses. WAPDA sources told Business Recorder here on
Published 02 Oct, 2012 12:00am
Allegations of monopoly: CCP asked to submit report

Allegations of monopoly: CCP asked to submit report

The Lahore High Court Chief Justice on Monday directed Competition Commission of Pakistan (CCP) to probe into the allegations of cartelization and monopolisation by Hajj group organisers in connivance with ministry of religious affairs and submit its repo
Published 02 Oct, 2012 12:00am
Actor Syed Kamal remembered

Actor Syed Kamal remembered

A great film star, director and producer of Pakistan Syed Kamal remembered on Monday on his death anniversary. Syed Kamal, was born in Meerut in 1937. He started his career in India by working in a number of films before he moved to Pakistan in 1956. Syed
Published 02 Oct, 2012 12:00am
'Farmers suffer loss of Rs 200 billion due to low price of crops'

'Farmers suffer loss of Rs 200 billion due to low price of crops'

Farmers staged a demonstration at Chowk Kutchehry on Monday and burnt the "Phutti" because they are incurring Rs 1200/ maund loss by selling their produce at Rs 1950. The demo was jointly organised by Pakistan Kisan Board (PKB) and Pakistan Kisan Ittehad.
Published 02 Oct, 2012 12:00am
Tobacco dealers: PTB told not to recover taxes at domestic stage

Tobacco dealers: PTB told not to recover taxes at domestic stage

The Federal Board of Revenue has conveyed to the Pakistan Tobacco Board (PTB) that the local supply of raw tobacco is exempted from sales tax and federal excise duty (FED) and recovery of taxes cannot be made from tobacco dealers at domestic stage.
Published 02 Oct, 2012 12:00am
PPCBL announces loan policy for Rabi crops

PPCBL announces loan policy for Rabi crops

Punjab Provincial Co-operative Bank Limited (PPCBL) has announced loaning policy for sowing, growing and maturing Rabi crops 2012-13 including wheat, grams, lentils, oil-seeds, vegetables, fodder etc from October 1. PPCBL Registrar Kh Dawood Ahmad said he
Published 02 Oct, 2012 12:00am
'Vacuum of leadership is the emergent threat,' Dr Salman Shah

'Vacuum of leadership is the emergent threat,' Dr Salman Shah

Dr Shah was the Minister for Finance and Revenue in the caretaker government of 2007-08. He also served as an advisor to then Prime Minister on finance and revenue (2004-07). Previously, he served as Associate Dean at Lahore University of Management Scien
Published 02 Oct, 2012 12:00am
PIAF calls for cut in markup rate

PIAF calls for cut in markup rate

Pakistan Industrial and Traders Associations Front (PIAF) on Monday called for a cut in the markup rate to bolster economy and enhance productivity. While talking to a delegation of Paper Merchants Association led by Khamis Saeed Butt, the PIAF Chairman S
Published 02 Oct, 2012 12:00am
Riaz Shahid remembered

Riaz Shahid remembered

Riaz Shahid, a distinguished Pakistani filmmaker, film writer and journalist was remembered on his death anniversary on Monday. Riaz Shahid was a noted filmmaker his real name was Sheikh Riaz, but was called by his nickname Shahid. Originally from Kashmir
Published 02 Oct, 2012 12:00am
Afghan government to issue multiple entry visas to businessmen

Afghan government to issue multiple entry visas to businessmen

The Afghanistan government has agreed to issue multiple entry visas for six months to Pakistani businessmen, thus accepting a long awaited demand of country's business community. So far, the businessmen from Pakistan were issued only single entry visa, wh
Published 02 Oct, 2012 12:00am
IT returns: 'new deadline reflects FBR's weakness'

IT returns: 'new deadline reflects FBR's weakness'

The extension in the last date for filing of income tax return forms reflects weak enforcement and administration of the Federal Board of Revenue (FBR). Tax experts told Business Recorder here on Monday that FBR had extended the last date for filin
Published 02 Oct, 2012 12:00am
33 Indian fishermen arrested

33 Indian fishermen arrested

Maritime Security Agency (MSA) on Monday arrested 33 Indian fishermen, weeks after it announced the release of all jailed Indian fishermen as a goodwill gesture, a statement said. The fishermen along with five fishing boats were held Monday evening by Mar
Published 02 Oct, 2012 12:00am
LCCI for promotion of research to identify problems

LCCI for promotion of research to identify problems

The Lahore Chamber of Commerce and Industry (LCCI) President Farooq Iftikhar has announced to conduct sectoral studies to identify problems to their growth. He was speaking at the Annual General Meeting of All Pakistan Paper Merchants Association (APPMA).
Published 02 Oct, 2012 12:00am
Thousands take part in anti-US rally in Peshawar

Thousands take part in anti-US rally in Peshawar

Thousands of workers hailing from different religious parties and DPC alliance factions participated in Difa-e-Pakistan Council "Hurmat-e-Rasool (PBUH)" march, held to denounce the anti-Islam film agitating Muslims around the world, and against the resump
Published 02 Oct, 2012 12:00am
'Punjab government trying to provide basic amenities to people'

'Punjab government trying to provide basic amenities to people'

Provincial Minister for Prisons Malik Muhammad Iqbal Channar has said that Punjab government is striving for providing basic amenities to the people of Punjab at their door step. He was talking to the people who came from various areas in his office on Mo
Published 02 Oct, 2012 12:00am
Key of house handed over to meritorious student

Key of house handed over to meritorious student

On behalf of Punjab Chief Minister Shahbaz Sharif, Special Assistant to Chief Minister Punjab on Education and Member Provincial Assembly Zaeem Hussain Qadri handed over key of a house in Aashiyana housing scheme to a student Muhammad Naeem who stood firs
Published 02 Oct, 2012 12:00am
Sindh government exacts political revenge: Nawaz

Sindh government exacts political revenge: Nawaz

President Pakistan Muslim League-N Nawaz Sharif has said that Sindh government of People's Party is taking political revenge from the leaders and workers of PML-N after getting unnerved by its increasing popularity and acceptance among the people, and it
Published 02 Oct, 2012 12:00am
Protest against kidnapping: truck drivers block Quetta-Karachi Highway

Protest against kidnapping: truck drivers block Quetta-Karachi Highway

Truck drivers blocked Quetta-Karachi Highway for traffic in protest against kidnapping of their two colleagues in Mastung district on Monday. Local Levies sources said unidentified armed bandits had kidnapped two truck drivers early Monday morning and too
Published 02 Oct, 2012 12:00am
Nizami honoured

Nizami honoured

Nawa-e-Waqt Group's, Managing Editor, and The Nation, Editor-in-chief, Majid Nizami, was honoured with the honorary PhD degree awarding ceremony at Al Raazi Hall of Undergraduate Study Centre on Monday in acknowledgment of his meritorious services in the
Published 02 Oct, 2012 12:00am
Rimsha Masih case: witnesses backtrack

Rimsha Masih case: witnesses backtrack

The three witnesses, who had testified against Qari Khalid Jadoon, a prayer leader (Imam) in Rimsha Masih case, on Monday backtracked from their statements. The court adjourned the hearing of Khalid Jadoon bail plea till October 3.
Published 02 Oct, 2012 12:00am
LG Ordinance: MQM, PPP leaders praised

LG Ordinance: MQM, PPP leaders praised

MQM Lahore zonal committee has congratulated Quaid-e-Tehrik Altaf Hussain and all "Haq Parast Awam" on approval of Peoples Local Government Bill 2012 by the Sindh Assembly on Monday. Incharge Lahore Zone Waseem Khokhar and Dr Ali Hussain also praised Pres
Published 02 Oct, 2012 12:00am
Karachi-based juice-maker accused of violating Third Schedule

Karachi-based juice-maker accused of violating Third Schedule

Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) has detected a Karachi-based branded fruit juice manufacture committing serious violation of the Third Schedule of Sales Tax Act, 1990 by not printing
Published 02 Oct, 2012 12:00am
Students allowed to appear in MBBS exams

Students allowed to appear in MBBS exams

A division bench of the Lahore High Court on Monday directed University of Health Sciences (UHS) to allow five repatriate medical students to sit in third year MBBS examinations commencing on Tuesday (October 2). The petitioners, Qudsia Zubair, Mohsin San
Published 02 Oct, 2012 12:00am
Pharma industry seeking increase in drug prices

Pharma industry seeking increase in drug prices

Opposing the entire price control by Drug Regulatory Authority (DRA), Pharmaceutical industry is seeking across the board increase in drug prices for sustainable growth of industry. Addressing the press conference, newly elected Chairman Pakistan Pharmace
Published 02 Oct, 2012 12:00am
Nepra told to make public complaints cell more effective

Nepra told to make public complaints cell more effective

The National Assembly Standing Committee on Cabinet Secretariat has directed the National Electric and Power Regulatory Authority (Nepra) to make public complaints cell more effective for early redressal of consumers' complaints. The meeting of the Commit
Published 02 Oct, 2012 12:00am
Maqsood Ismail elected President Lasbela Chamber

Maqsood Ismail elected President Lasbela Chamber

Maqsood Ismail of M/s Ismail Industry Limited and Fahad Shoukat of M/s Shafi Gluco-Chem (Pvt) Limited have been elected unopposed as President and Vice President of Lasbela Chamber of Commerce and Industry respectively. A press release issued on Monday sa
Published 02 Oct, 2012 12:00am
Sindh Assembly passes resolution against blasphemous movie

Sindh Assembly passes resolution against blasphemous movie

The Sindh Assembly on Monday approved an adjournment motion with a unanimous vote to denounce the anti-Islam film. The lawmakers called for global legislation on blasphemy like the western nations have done against the denial of holocaust of Jews in Europ
Published 02 Oct, 2012 12:00am
Opposition terms local government law an 'anti-Sindh' move

Opposition terms local government law an 'anti-Sindh' move

The opposition lawmakers in Sindh Assembly staged a protest demonstration outside the house against the passage of the Sindh Peoples Local Government Ordinance 2012 (SPLGO) and termed the fresh legislation an "anti-Sindh" move. Opposition lawmakers came o
Published 02 Oct, 2012 12:00am
Venezuela, the land where petrol is cheaper than water

Venezuela, the land where petrol is cheaper than water

In Venezuela, it makes no difference whether your car consumes 6 or 30 litres per 100 kilometres because the state spends billions of dollars in petrol subsidies and nowhere else in the world is fuel as cheap as it is in Venezuela.
Published 02 Oct, 2012 12:00am
Talk show 'musical chairs' and partisan media

Talk show 'musical chairs' and partisan media

It is simply amazing to watch the growing number of journalists, TV anchorpersons, presenters and even the newscasters, jumping on to the bandwagon of deserters, quitting jobs, heading to greener pastures and joining other media houses and channels at sig
Published 02 Oct, 2012 12:00am
Sardars' preserve

Sardars' preserve

That Balochistan is in turmoil is a reality; broad day light killing of innocent human beings (mostly non-Baloch) is a daily affair, be it in the cities, on highways, in tribal territories, or at the Pak-Iran border. It is high time this turmoil was conta
Published 02 Oct, 2012 12:00am
IMF's warning

IMF's warning

In its latest World Economic Outlook released on 27th September, the IMF has warned that emerging market and developing economies which had witnessed uninterrupted growth and shallower downturns than their developed counterparts over the past decade shoul
Published 02 Oct, 2012 12:00am
Looking beyond politics

Looking beyond politics

Sardar Akhtar Jan Mengal's statement before the Supreme Court, his presence at political powwows and talks with media persons during his visit to Islamabad last week were an admixture of shrewd politics and an alarming narrative of reality on ground in Ba
Published 02 Oct, 2012 12:00am
Pmex trading volumes: record month, quarter

Pmex trading volumes: record month, quarter

Pakistan Mercantile Exchange ended the first quarter of FY13 with a record trading volume of Rs 385.58 billion in terms of value. This represents an increase of 40.71 percent on previous quarter. Over Rs 150 billion of traded volume was seen in September
Published 02 Oct, 2012 12:00am
Prime Minister assures to resolve problems of lawyers

Prime Minister assures to resolve problems of lawyers

Prime Minister Raja Pervez Ashraf on Monday assured that the government would resolve problems of lawyers to help them perform better in their profession. The Prime Minister made these observations while talking to a delegation of Gujjar Khan Bar Associat
Published 02 Oct, 2012 12:00am
Two MQM activists among six killed in Karachi

Two MQM activists among six killed in Karachi

At least six persons including two MQM activists were killed in separate incidents of violence at various parts of the metropolis here on Monday. According to police and rescue sources, MQM activist identified as Akhtar Hussain, 40, son of Muhammad Hussai
Published 02 Oct, 2012 12:00am
Court's order in RPPs case: NAB's plea seeking more time rejected by SC

Court's order in RPPs case: NAB's plea seeking more time rejected by SC

The Supreme Court on Monday rejected the plea of seven National Accountability Bureau (NAB) officials. They have sought withdrawal of show-cause notices issued for their failure to implement court's order in Rental Power Plants (RPPs) case. A three-judge
Published 02 Oct, 2012 12:00am
TTP hints at extending support to PTI rally

TTP hints at extending support to PTI rally

Tehreek-e-Taliban Pakistan (TTP) Monday hinted at extending support to Pakistan Tehreek-e-Insaf (PTI) peace rally scheduled for October 6 against US predator strikes in tribal areas, saying any good step by any political party beneficial to people of Wazi
Published 02 Oct, 2012 12:00am
Guantanamo detainee having tough time back in Canada: lawyer

Guantanamo detainee having tough time back in Canada: lawyer

Guantanamo detainee Omar Khadr, who was transferred to a prison in his Canadian homeland over the weekend, is having a difficult time adapting to his new circumstances, one of the inmate's lawyers said on Monday. Khadr, the youngest prisoner and last West
Published 02 Oct, 2012 12:00am
Rice exporters elect new body

Rice exporters elect new body

The Rice Exporters Association of Pakistan (REAP) has elected Javed Ali Ghori as its new chairman, Chaudhry Samee Ullah as vice chairman and Abdul Majeed Ghaziani as treasure unopposed for the year 2012-13. Likewise from North Zone from in Corporate Class
Published 02 Oct, 2012 12:00am
Social spending dismally low: World Bank

Social spending dismally low: World Bank

The World Bank has expressed serious concern over sharp decline in social sector spending during the tenure of present government and development partner forewarned the economic managers that Pakistan would be unable to achieve Millennium Development Goal
Published 02 Oct, 2012 12:00am
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