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Print - 2012-10-06
KESC sets target to bring down T&D losses by 2.5 to 27 percent

KESC sets target to bring down T&D losses by 2.5 to 27 percent

Karachi Electric Supply Company (KESC) has set a target to bring down transmission and distribution (T&D) losses by 2.5 per cent to 27 per cent in the current fiscal year FY13. "The KESC has been facing the challenge of high T&D losses, with every one per
Published 06 Oct, 2012 12:00am
Sindh University notification

Sindh University notification

Director Admissions, Sindh University (SU), Bashir Ahmed Shaikh has extended date for obtaining and submitting the admission forms for five days more ie upto October 10, 2012 in an attempt to facilitate those candidates who have not got forms yet owing to
Published 06 Oct, 2012 12:00am
Etihad Airways offers special fares for Dubai

Etihad Airways offers special fares for Dubai

Etihad Airways, the National airline of the United Arab Emirates, is offering an exclusive deal for travel to Dubai in both Pearl Business & Coral Economy Classes from Pakistan. In economy, customers can fly at an amazingly low fare of Rs 30,360 from Kara
Published 06 Oct, 2012 12:00am
Loss to the economy

Loss to the economy

There is little doubt that since almost 9/11, more than a decade ago, the Interior Minister and his provincial counterparts, home ministers, have been focused on protecting the VVIPs, foreign missions and sensitive installations due to their raised securi
Published 06 Oct, 2012 12:00am
Bribery stunts Vietnam's education system

Bribery stunts Vietnam's education system

Final year university student Nguyen Duc Hung said he feels ashamed when junior students ask him for help but he can't answer their questions despite passing most of his classes. "I don't understand anything about that subject," the civil engineering stud
Published 06 Oct, 2012 12:00am
South Africa feeling the pressure from wildcat strikes

South Africa feeling the pressure from wildcat strikes

Wildcat strikes and spreading violence in South Africa are putting pressure on the economy and have forced the government, business sector and police to intensify efforts to end the industrial action. "We have gone through a difficult period in our countr
Published 06 Oct, 2012 12:00am
'Department of Resilience'

'Department of Resilience'

One of the worries that any government in Pakistan must think about is how to get rid of organisational structures that are obsolete and do not respond to changing circumstances. In fact, how does one have the ability in government to respond to changing
Published 06 Oct, 2012 12:00am
Textile exports

Textile exports

Pakistan's textile exports to Saudi Arabia and Bosnia are well below potential in terms of total textile imports of these countries as well as in terms of our export potential according to a Business Recorder exclusive. Saudi Arabia's total textile
Published 06 Oct, 2012 12:00am
From Russia with love

From Russia with love

The post-haste arrival of Foreign Minister Sergei Lavrov in Islamabad to explain sudden postponement of President Putin's visit is indeed a positive development as it marks a clear departure from the decades-old tundra-cold Pakistan-Russia relationship. I
Published 06 Oct, 2012 12:00am
Situation demands difficult decisions: ADB

Situation demands difficult decisions: ADB

Pakistan's Inflation rate is expected to remain at 10 percent, reflecting likely budget spillovers while continued strong growth in remittances is expected to rein in the current account deficit to equal 1.3 percent of GDP, an Asian Development Bank (ADB)
Published 06 Oct, 2012 12:00am
Situation demands difficult decisions: ADB

Situation demands difficult decisions: ADB

Pakistan's Inflation rate is expected to remain at 10 percent, reflecting likely budget spillovers while continued strong growth in remittances is expected to rein in the current account deficit to equal 1.3 percent of GDP, an Asian Development Bank (ADB)
Published 06 Oct, 2012 12:00am
Shujaat condoles death of Asma's mother

Shujaat condoles death of Asma's mother

Pakistan Muslim League-Q President Senator Chaudhry Shujaat Hussain visited the residence of former President of Supreme Court Bar Association and human rights activist Asma Jahangir here on Friday to condole over the demise of her mother. Shujaat remaine
Published 06 Oct, 2012 12:00am
Traders protest against police

Traders protest against police

Traders of mobile and electronics markets in Saddar on Friday closed down their businesses in protest against the police "heavy handedness", saying their losses continue to soar amid poor law and order in the metropolis. "Traders in protest kept shut thei
Published 06 Oct, 2012 12:00am
Suparco organises declamation contest

Suparco organises declamation contest

In connection with the ongoing World Space Week, a declamation contest was organised by Space and Upper Atmosphere Research Commission (SUPARCO) at National Center for Remote Sensing and Geo-Informatics (NCRG) Karachi. Students from various public and pri
Published 06 Oct, 2012 12:00am
Gorakh Hill land issue still unresolved

Gorakh Hill land issue still unresolved

Despite the passage of more than five months after the recommendation of a special committee, the Board of Revenue (BoR) has not allotted the 4, 26,597 acres land of Gorakh hills station to Gorakh Hills Development Authority (GHDA); it emerged on Friday.I
Published 06 Oct, 2012 12:00am
Sales of PSM products decline

Sales of PSM products decline

Pakistan Steel Mills is facing a new challenge of slow sales because of massive imports and a decline in steel prices in the world market, which forced the country's largest steel making plant to adjust prices of its products 15 times during this calendar
Published 06 Oct, 2012 12:00am
Appointed

Appointed

Bilal Ahmed Qureshi has been appointed Chairman of Johnson and Phillips (Pakistan) Limited. The board of directors of the company in its meeting held at its registered office at Karachi took this decision, an information sent to Karachi Stock Exchange on
Published 06 Oct, 2012 12:00am
Zardari condoles death of Razia Butt

Zardari condoles death of Razia Butt

President Asif Ali Zardari expressed profound grief and sorrow over the demise of renowned novelist Razia Butt, who passed away Thursday. In his condolence message the President praised late Razia Butt for her literary contributions which he said enriched
Published 06 Oct, 2012 12:00am
Need for enhancing Pakistan-Russia ties stressed

Need for enhancing Pakistan-Russia ties stressed

Haleem Adil Shaikh, Advisor to Chief Minister for Relief said on Friday that it was a great moment for Pakistan to enhance its cordial relations with Russia in order to boost diplomatic relations world-wide. He stated this while talking to the media at hi
Published 06 Oct, 2012 12:00am
PIA MD underscores need for air safety before departure of all flights

PIA MD underscores need for air safety before departure of all flights

MD, PIA Muhammad Junaid Yunus emphasised that top most priority is exercised for Air Safety before departure of each domestic & international flights of the national flag carrier. He was speaking as chief guest at the certificate awarding ceremony to the
Published 06 Oct, 2012 12:00am
PharmEvo and PTCL to develop Wifi Zones for hospitals

PharmEvo and PTCL to develop Wifi Zones for hospitals

PharmEvo has signed a memorandum of understanding (MoU) with Pakistan Telecommunication Company Limited (PTCL) and has planned to develop "Wifi Zones" across Pakistan in public and private hospitals to provide uninterrupted internet facility to healthcare
Published 06 Oct, 2012 12:00am
Seminar held on World Habitat Day

Seminar held on World Habitat Day

Various social experts during a seminar stressed on the need of social innovation for the development of society. This seminar in the wake of World Habitat Day was held at a local hotel here in collaboration with HANDS, NED University architecture and pla
Published 06 Oct, 2012 12:00am
After tax profit of IDMCL declines

After tax profit of IDMCL declines

The after tax profit of Indus Dyeing and Manufacturing Company Limited (IDMCL) has declined to Rs 1.571 billion in the year ended June 30, 2012 (FY12) as compared to Rs 2.131 billion earned in the corresponding period in FY11. The company's earning per sh
Published 06 Oct, 2012 12:00am
After tax profit of IDMCL declines

After tax profit of IDMCL declines

The after tax profit of Indus Dyeing and Manufacturing Company Limited (IDMCL) has declined to Rs 1.571 billion in the year ended June 30, 2012 (FY12) as compared to Rs 2.131 billion earned in the corresponding period in FY11. The company's earning per sh
Published 06 Oct, 2012 12:00am
Nishat Mills profit after tax declines

Nishat Mills profit after tax declines

The after tax profit of Nishat Mills Limited has declined to Rs 3.528 billion in the year ended June 30, 2012 (FY12) as compared to Rs 4.843 billion earned in the corresponding period in FY11. The company's earning per share reduced to Rs 10.04 in the per
Published 06 Oct, 2012 12:00am
Nishat Mills profit after tax declines

Nishat Mills profit after tax declines

The after tax profit of Nishat Mills Limited has declined to Rs 3.528 billion in the year ended June 30, 2012 (FY12) as compared to Rs 4.843 billion earned in the corresponding period in FY11. The company's earning per share reduced to Rs 10.04 in the per
Published 06 Oct, 2012 12:00am
Crackdown ordered against illegal guest houses

Crackdown ordered against illegal guest houses

The provincial Department of Home and Tribal Affairs has directed police for taking action against guest houses running in residential areas and launching a crackdown against the use of tinted glasses in cars and other vehicles. According to sources, the
Published 06 Oct, 2012 12:00am
FAFEN highlights low official oversight

FAFEN highlights low official oversight

The data gathered in August shows government/elected officials made only 83 visits to the monitored dispensaries (June-August 2012 quarter), meaning at least 50 percent facilities were ignored altogether, says a Free and Fair Election (FAFEN) report.
Published 06 Oct, 2012 12:00am
Dual nationality case: Farooq Sattar criticises Supreme Court judgement

Dual nationality case: Farooq Sattar criticises Supreme Court judgement

Federal Minister for Overseas Pakistanis Dr Farooq Sattar on Friday termed the Supreme Court's judgement pertaining to politicians holding dual nationality against the spirit of the Constitution, saying that keeping dual nationality holders away from poli
Published 06 Oct, 2012 12:00am
FCCI hails enhanced Pakistan-Russia ties

FCCI hails enhanced Pakistan-Russia ties

Faisalabad Chamber of Commerce & Industry (FCCI) has appreciated the foreign policy of Pakistan Government to expand further, economic and bilateral relations with the Russian Federation. In a press statement by Zahid Aslam, President and Chaudhry Muhamma
Published 06 Oct, 2012 12:00am
Attempt to smuggle 9.2kg heroin

Attempt to smuggle 9.2kg heroin

Customs officers' at Benazir Bhutto International Airport in Islamabad on Friday foiled an attempt to smuggle 9.2 kilograms of heroin to Belgium and arrested a man and his partner. On Friday, customs officers at Islamabad airport were tipped off about the
Published 06 Oct, 2012 12:00am
Improvement in sanitation system stressed

Improvement in sanitation system stressed

Participants at a consultative session have highlighted the civic issues and recommended a number of solid suggestions and proposals for their amicable remedial. They demanded for bringing improvement in present sanitation system, and make appropriate arr
Published 06 Oct, 2012 12:00am
KCCI urges foreign businesspeople to invest generously

KCCI urges foreign businesspeople to invest generously

President, Karachi Chamber of Commerce and Industry (KCCI) Muhammad Haroon Agar urged foreign businesspersons and investors from friendly countries to invest in Pakistan. Speaking on the occasion of meetings with foreign delegations at Expo Pakistan 2012
Published 06 Oct, 2012 12:00am
Eight Pakistani workers deported from Holland

Eight Pakistani workers deported from Holland

The Netherlands, has, reportedly, deported eight Pakistani workers hired by a Karachi-based firm to build the Pakistan Pavilion at Florida Expo 2012 after authorities found their claims to be fake. Earlier reports suggested that the Netherlands Police are
Published 06 Oct, 2012 12:00am
PAJCCI team to leave for Kabul on October 7

PAJCCI team to leave for Kabul on October 7

A 31-member delegation of Pakistan and Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) will leave for Afghan capital Kabul (Afghanistan) on Sunday (October 7). President, PAJCCI, Mohammad Zubair Motiwala will lead the delegation.
Published 06 Oct, 2012 12:00am
Sudan supports Pakistan's stance at all forums: envoy

Sudan supports Pakistan's stance at all forums: envoy

Sudan and Pakistan shared a long history of relations and the former is fully supportive of the later's viewpoint at all fronts, Muhammad Eldei Ali, Charge d' Affairs of the Embassy of Sudan said. Addressing a press briefing here on Friday he said, "Pakis
Published 06 Oct, 2012 12:00am
Sales tax on machinery import: FBR rejects legal interpretation of DRRA

Sales tax on machinery import: FBR rejects legal interpretation of DRRA

The Federal Board of Revenue has rejected the legal interpretation of the Directorate of Revenue Receipt Audit (DRRA) on the applicability of sales tax on import of agricultural machinery, saying that exemption from sales tax on import of used combined ha
Published 06 Oct, 2012 12:00am
Pesco detection teams arrest 100 alleged power thieves

Pesco detection teams arrest 100 alleged power thieves

Detection & Recovery Teams of Peshawar Electricity Supply Company (Pesco) has successfully achieving their targets against power theft in the province. During the campaign, Detection and Recovery Teams in Bannu Circle under the supervision of Superintendi
Published 06 Oct, 2012 12:00am
PIAF urges government to promote trade

PIAF urges government to promote trade

Pakistan Industrial and Traders Associations Front (PIAF) on Friday urged the government to strengthen and promote trade and industry for bringing down the graph of unemployment, enhancing Tax-t-GDP ratio and for the resultant economic revival of the coun
Published 06 Oct, 2012 12:00am
Afghan delegation meets Smeda officials

Afghan delegation meets Smeda officials

Representative of the German agency GIZ/GFA Ms Katharina Merkel has said there is a vast cope of business for Pakistani business consultants in Afghanistan. She stated this while leading a 13-member Afghani business delegation that held a meeting with the
Published 06 Oct, 2012 12:00am
US education team calls on university vice chancellor

US education team calls on university vice chancellor

A delegation of the United States Education Foundation Pakistan (USEFP) called on Vice-Chancellor of the University of Veterinary and Animal Sciences Professor Dr Talat Naseer Pasha and presented a set of GRE/GMAT/TOEFL preparation books for the universit
Published 06 Oct, 2012 12:00am
Shahbaz says teacher occupies a lofty place in society

Shahbaz says teacher occupies a lofty place in society

Punjab Chief Minister Muhammad Shahbaz Sharif on Friday said that a teacher occupies a lofty place in the society and, reiteration of respect to the teachers from every segment of the society on the occasion of World Teachers' Day is a highly welcome step
Published 06 Oct, 2012 12:00am
LCCI terms rate cut meager

LCCI terms rate cut meager

The Lahore Chamber of Commerce and Industry on Friday termed the 50-basis point cut in mark-up rate as meagre and half-hearted attempt to revive economy, saying that the industry wanted the State Bank to bring it down to a single digit. LCCI's President F
Published 06 Oct, 2012 12:00am
Election Commission ready to hold fair, free polls: CEC

Election Commission ready to hold fair, free polls: CEC

Chief Election Commissioner Former Justice Fakhruddin G Ibrahim said commission is ready to hold fair and free elections. He was talking to media after visiting provincial office of the commission here on Friday. He, however, said political parties are no
Published 06 Oct, 2012 12:00am
Tusdec, EU team strike vocational training deal

Tusdec, EU team strike vocational training deal

Technology Upgradation and Skill Development Company (Tusdec) has entered into a contract with the delegation of the European Union to Pakistan seeking to train at least 12,000 men and women from vulnerable communities of Khyber-Pakhtunkhwa and Fata regio
Published 06 Oct, 2012 12:00am
Blasphemous movie: PML-N submits resolution in Senate

Blasphemous movie: PML-N submits resolution in Senate

Pakistan Muslim League-Nawaz (PML-N) on Friday moved Senate against the blasphemous movie released in the United State, which hurt the sentiments of Muslims across the globe besides sparking violent protests in some Muslim countries. Opposition Leader in
Published 06 Oct, 2012 12:00am
Shahbaz denies dual citizenship allegations

Shahbaz denies dual citizenship allegations

Punjab Chief Minister Muhammad Shahbaz Sharif has said that accusations against him of dual citizenship are baseless and contrary to the facts. He said, he would prove in the Supreme Court that he does not have citizenship of any other country except Paki
Published 06 Oct, 2012 12:00am
Anti-bonded labour cell established in Multan

Anti-bonded labour cell established in Multan

An Anti-Bonded Labour Cell (ABLC) has been set up in the District Labour Office to provide necessary assistance and legal support to bonded labourers (Bhatta Mazdoor) and eradicate the bonded labour system from Multan. Addressing the inauguration ceremony
Published 06 Oct, 2012 12:00am
Action taken against employees of CPI Faisalabad

Action taken against employees of CPI Faisalabad

A Spokesman of the Punjab Government has said that necessary disciplinary action has been initiated against the employees of the Child Protection Institute Faisalabad, who were involved in financial corruption as well as other corrupt practices. However,
Published 06 Oct, 2012 12:00am
Elahi's allegations: PML-N leaders' rejoinder

Elahi's allegations: PML-N leaders' rejoinder

Bad governance perpetrated by Chaudhry Pervaiz Elahi during his government, cannot be transformed into anything positive by his misleading statements. Chaudhry Pervaiz Elahi and his cronies set new records of loot, plunder, corruption and nepotism under t
Published 06 Oct, 2012 12:00am
PIDA officials directed to implement anti-dengue instructions

PIDA officials directed to implement anti-dengue instructions

Punjab Secretary Irrigation and Managing Director Punjab Irrigation and Drainage Authority (PIDA) Khalid Masood Chaudhry directed the PIDA and Irrigation department officials to continue implementing Punjab government instructions regarding anti-dengue ef
Published 06 Oct, 2012 12:00am
Shahbaz urges Germany to help promote peace in region

Shahbaz urges Germany to help promote peace in region

Punjab Chief Minister Muhammad Shahbaz Sharif has said that without eradication of extremism and militancy, peace and prosperity can never be achieved. He said that Pakistan was determined to get rid of militancy and asserted that 40 thousand Pakistanis h
Published 06 Oct, 2012 12:00am
Green Tractor Scheme: Punjab government giving massive subsidy

Green Tractor Scheme: Punjab government giving massive subsidy

Tractor manufacturers have more than 10,000 tractors of various makes in their stocks for immediate delivery under the Punjab government's Green Tractor Scheme 2012-13 to the farmers before sowing of Rabi crops, a senior tractor industry executive told <i
Published 06 Oct, 2012 12:00am
Course on basic engineering concludes

Course on basic engineering concludes

A 4-week course in basic engineering concepts today concluded at WAPDA Administrative College. The course - the first of its kind - was jointly organised by WAPDA and Ghulam Ishaque Khan (GIK) Institute of Engineering Sciences and Technology. The course w
Published 06 Oct, 2012 12:00am
SECP registers 244 companies in September

SECP registers 244 companies in September

The Securities and Exchange Commission of Pakistan (SECP) registered 244 companies during September. The authorised capital and paid-up capital of these companies is Rs 3.74 billion and Rs 390 million respectively. During the month, applications/returns f
Published 06 Oct, 2012 12:00am
Unicef, School Education Department hold consultation

Unicef, School Education Department hold consultation

Unicef and School Education Department jointly organised a consultation meeting with district authorities and communities of district Lahore to review the progress of Young Champions Initiatives for Girls Education (YCIGE) project which was initiated in 6
Published 06 Oct, 2012 12:00am
Various funds: AHI announces interim distribution

Various funds: AHI announces interim distribution

The Chief Executive Officer on behalf of the Board of Directors of Arif Habib Investments Limited (AHI) has approved the following interim distribution for Pakistan Income Enhancement Fund & Pakistan Cash Management Fund for the period ended September 25,
Published 06 Oct, 2012 12:00am
Various funds: AHI announces interim distribution

Various funds: AHI announces interim distribution

The Chief Executive Officer on behalf of the Board of Directors of Arif Habib Investments Limited (AHI) has approved the following interim distribution for Pakistan Income Enhancement Fund & Pakistan Cash Management Fund for the period ended September 25,
Published 06 Oct, 2012 12:00am
Agriculture minister felicitates scientists of Punjab University

Agriculture minister felicitates scientists of Punjab University

Minister for Agriculture Punjab Malik Ahmad Ali congratulated the scientists of Centre for Excellence Molecular Biology (CEMB), Punjab University for developing miracle CLCV resistant cotton plant. Minister for Agriculture Punjab, Chief Executive PARB Dr
Published 06 Oct, 2012 12:00am
Rs 21.70 million grant released to 11 hospitals of Lahore

Rs 21.70 million grant released to 11 hospitals of Lahore

Special Assistant to Chief Minister Punjab on Health Khawaja Salman Rafique has directed Medical Social Officers (MSOs) to ensure redressal of the grievances of deserving patients by serving their responsibilities with honesty and commitment. While addres
Published 06 Oct, 2012 12:00am
Rimsha Masih case: man accused of altering evidence seeks clarification

Rimsha Masih case: man accused of altering evidence seeks clarification

Khalid Jadoon, a former prayer leader of a local mosque accused of altering evidence against a Christian girl Rimsha Masih, an accused in a blasphemy case, on Friday filed a petition in the Islamabad High Court (IHC), seeking a clarification whether or no
Published 06 Oct, 2012 12:00am
EADS-BAE merger plan hits political crunch point

EADS-BAE merger plan hits political crunch point

Talks over a European supermerger between EADS and BAE Systems reached a political crunch point on Friday as Britain, France and Germany attempted to narrow differences on a $45 billion proposal to create the world''s largest aerospace and arms group.
Published 06 Oct, 2012 12:00am
The Weather

The Weather

The weather report on Friday (October 05, 2012) and the forecast for Saturday (October 06, 2012).

Published 06 Oct, 2012 12:00am
EADS-BAE merger plan hits political crunch point

EADS-BAE merger plan hits political crunch point

Talks over a European supermerger between EADS and BAE Systems reached a political crunch point on Friday as Britain, France and Germany attempted to narrow differences on a $45 billion proposal to create the world's largest aerospace and arms group.
Published 06 Oct, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 05, 2012).

Published 06 Oct, 2012 12:00am
EADS-BAE merger plan hits political crunch point

EADS-BAE merger plan hits political crunch point

Talks over a European supermerger between EADS and BAE Systems reached a political crunch point on Friday as Britain, France and Germany attempted to narrow differences on a $45 billion proposal to create the world's largest aerospace and arms group.
Published 06 Oct, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 05, 2012).

Published 06 Oct, 2012 12:00am
Fuel price, other factors affect power cost, National Assembly told

Fuel price, other factors affect power cost, National Assembly told

The government on Friday informed the National Assembly that fuel price was not the only factor affecting the electricity cost and other factors, including exchange rate fluctuations, variations in generation from hydel, gas, diesel and nuclear, also cont
Published 06 Oct, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 06 Oct, 2012 12:00am
Fuel price, other factors affect power cost, National Assembly told

Fuel price, other factors affect power cost, National Assembly told

The government on Friday informed the National Assembly that fuel price was not the only factor affecting the electricity cost and other factors, including exchange rate fluctuations, variations in generation from hydel, gas, diesel and nuclear, also cont
Published 06 Oct, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 06 Oct, 2012 12:00am
Fuel price, other factors affect power cost, National Assembly told

Fuel price, other factors affect power cost, National Assembly told

The government on Friday informed the National Assembly that fuel price was not the only factor affecting the electricity cost and other factors, including exchange rate fluctuations, variations in generation from hydel, gas, diesel and nuclear, also cont
Published 06 Oct, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (October 05, 2012) and for Saturday (October 06, 2012).
Published 06 Oct, 2012 12:00am
Syrian rebels down helicopter, as 70 killed nation-wide

Syrian rebels down helicopter, as 70 killed nation-wide

Syrian troops said Friday they had thwarted an infiltration attempt by armed groups from neighbouring Turkey, while rebels downed a helicopter gunship on the outskirts of the capital. "The rebels have downed a helicopter equipped with missiles in the Sibk
Published 06 Oct, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 05, 2012).

Published 06 Oct, 2012 12:00am
Syrian rebels down helicopter, as 70 killed nation-wide

Syrian rebels down helicopter, as 70 killed nation-wide

Syrian troops said Friday they had thwarted an infiltration attempt by armed groups from neighbouring Turkey, while rebels downed a helicopter gunship on the outskirts of the capital. "The rebels have downed a helicopter equipped with missiles in the Sibk
Published 06 Oct, 2012 12:00am
Secretary W&P transferred, Sethi given additional charge

Secretary W&P transferred, Sethi given additional charge

In a major move, Prime Minister Raja Pervez Ashraf transferred Secretary Water and Power Zafar Mahmood and additional charge of the post was given to Cabinet Secretary Nargis Sethi. Sources said the cause of his removal from the office was that Prime Mini
Published 06 Oct, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (October 05, 2012).

Published 06 Oct, 2012 12:00am
Secretary W&P transferred, Sethi given additional charge

Secretary W&P transferred, Sethi given additional charge

In a major move, Prime Minister Raja Pervez Ashraf transferred Secretary Water and Power Zafar Mahmood and additional charge of the post was given to Cabinet Secretary Nargis Sethi. Sources said the cause of his removal from the office was that Prime Mini
Published 06 Oct, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 05, 2012).

Published 06 Oct, 2012 12:00am
Government committed to ensuring food security: Prime Minister

Government committed to ensuring food security: Prime Minister

Prime Minister Raja Pervez Ashraf on Friday said the government attaches high priority to rural economy and well-being of people and is committed to ensuring food security in the country. This he stated during a briefing by the Ministry of National Food S
Published 06 Oct, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 05, 2012).

Published 06 Oct, 2012 12:00am
India tests another nuclear-capable missile

India tests another nuclear-capable missile

India on Friday successfully test fired its nuclear-capable Dhanush ballistic missile from a navy ship off its eastern coast, officials said. The missile was launched by the Strategic Forces Command off the coast of the eastern state of Orissa, Defence Re
Published 06 Oct, 2012 12:00am
India tests another nuclear-capable missile

India tests another nuclear-capable missile

India on Friday successfully test fired its nuclear-capable Dhanush ballistic missile from a navy ship off its eastern coast, officials said. The missile was launched by the Strategic Forces Command off the coast of the eastern state of Orissa, Defence Re
Published 06 Oct, 2012 12:00am
Trading errors rattle Indian stock market

Trading errors rattle Indian stock market

A flurry of erroneous orders placed by an Indian broker sent the country''s top stock market tumbling briefly on Friday, raising renewed concerns about the stability of trading systems after a series of global market glitches. Trading on the National Stoc
Published 06 Oct, 2012 12:00am
THE RUPEE: dollar recovers more ground

THE RUPEE: dollar recovers more ground

The dollar, on the back of rising its demand, managed to recover further ground on the money market on Friday, currency experts said. Commenting on the slide of the national currency they said that the rupee may halt its slide in the near future.
Published 06 Oct, 2012 12:00am
Trading errors rattle Indian stock market

Trading errors rattle Indian stock market

A flurry of erroneous orders placed by an Indian broker sent the country's top stock market tumbling briefly on Friday, raising renewed concerns about the stability of trading systems after a series of global market glitches. Trading on the National Stock
Published 06 Oct, 2012 12:00am
THE RUPEE: dollar recovers more ground

THE RUPEE: dollar recovers more ground

The dollar, on the back of rising its demand, managed to recover further ground on the money market on Friday, currency experts said. Commenting on the slide of the national currency they said that the rupee may halt its slide in the near future.
Published 06 Oct, 2012 12:00am
Trading errors rattle Indian stock market

Trading errors rattle Indian stock market

A flurry of erroneous orders placed by an Indian broker sent the country's top stock market tumbling briefly on Friday, raising renewed concerns about the stability of trading systems after a series of global market glitches. Trading on the National Stock
Published 06 Oct, 2012 12:00am
EU lawmakers agree on softer capital buffers for SME loans

EU lawmakers agree on softer capital buffers for SME loans

EU lawmakers have agreed with countries on cutting the amount of capital banks must hold against loans to smaller companies, resolving one of several issues holding up the implementation of the Basel III capital rules in Europe, a negotiator said.
Published 06 Oct, 2012 12:00am
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