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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-12-06
Euro climbs near seven-week high versus dollar

Euro climbs near seven-week high versus dollar

The euro rose to a near seven-week high against the dollar on Tuesday after Greece announced better-than-expected terms for its debt buyback, fuelling optimism Athens will continue to receive international aid to avoid a default. The US dollar remained un
Published 06 Dec, 2012 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 81.00-81.16 (previous 81.20-81.3150). Call Money Rates: 07.75-08.00 percent (previous 06.00-08.50 percent).
Published 06 Dec, 2012 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc fell further against the euro on Wednesday, trading at an 11-week low as moves by Switzerland's two biggest banks to pay negative interest rates on franc deposits made by rivals sapped appetite for the currency. The franc was down 0.1 perc
Published 06 Dec, 2012 12:00am
Indian rupee stays up

Indian rupee stays up

The Indian rupee rose for a fifth session in six on Wednesday as investors remained hopeful for a parliamentary approval to foreign direct investment in the multi-brand retail sector which will be put to vote in the lower house later in the day. "Rupee ga
Published 06 Dec, 2012 12:00am
Most Asian currencies edge up

Most Asian currencies edge up

Most emerging Asian currencies edged higher on Wednesday, supported by easing worries about Greece and the euro zone's debt crisis, with the South Korean won rising on position squaring. Gains in Asian currencies were relatively limited, however, with som
Published 06 Dec, 2012 12:00am
Pound off lows after gloomy budget statement

Pound off lows after gloomy budget statement

Sterling edged up from one-month lows against the euro on Wednesday after a gloomy UK budget statement which traders said was in line with expectations. But forecasts from finance minister George Osborne that Britain would miss its debt-reduction and grow
Published 06 Dec, 2012 12:00am
Sri Lanka brace to face 'wounded' Australia

Sri Lanka brace to face 'wounded' Australia

Sri Lankan skipper Mahela Jayawardene Wednesday said he expected Australia to attack his men like "wounded soldiers" after their hard-fought loss to South Africa and the retirement of Ricky Ponting. Australia suffered a 309-run defeat in the third and dec
Published 06 Dec, 2012 12:00am
'Inoki's Wrestling for Peace Festival' held

'Inoki's Wrestling for Peace Festival' held

The 'Inoki's Wrestling for Peace Festival' organised here on Wednesday. The day-long event inaugurated by the world famous Japanese wrestler Muhammad Hussain Inoki in a colourful ceremony held under auspices of Provincial Department of Sports and Tourism
Published 06 Dec, 2012 12:00am
Asif warmly welcomed at Faisalabad

Asif warmly welcomed at Faisalabad

The newly-crowned world snooker champion, Muhammad Asif was warmly welcomed by the citizens of Faisalabad, his family relatives and sports organisations when he arrived here at Faisalabad Airport. He was garlanded and hugged by the crowned when he came ou
Published 06 Dec, 2012 12:00am
Back problem for Michael Clarke

Back problem for Michael Clarke

Australian captain Michael Clarke is suffering from a sore back and has been ordered to miss the opening round of the Big Bash League so he can recover for the first Test against Sri Lanka next week. Clarke has long been troubled by lower back problems an
Published 06 Dec, 2012 12:00am
West Ham to be offered Olympic Stadium deal

West Ham to be offered Olympic Stadium deal

West Ham United will be named as preferred candidate to move into the Olympic Stadium on Wednesday but their owners will be asked to agree to share profits from any future sale of the English Premier League soccer club, the BBC reported. London mayor Bori
Published 06 Dec, 2012 12:00am
Asif calls for hiring of snooker coach

Asif calls for hiring of snooker coach

Pakistan's newly crowned World Snooker Champion Muhammad Asif has called to Pakistan sports authorities for hiring snooker coach to take the game to new heights. "We got a lot of talent in snooker across the country and we needed a qualified coach to nurt
Published 06 Dec, 2012 12:00am
Money talks for PSG, Man City count cost of exit

Money talks for PSG, Man City count cost of exit

Big-spending Paris St Germain, struggling to deliver domestically on a huge investment by Qatari owners, showed they mean business in the Champions League by winning Group A at Porto's expense on Tuesday. PSG won 2-1 in the French capital thanks to a goal
Published 06 Dec, 2012 12:00am
Goal-line revolution in Japan

Goal-line revolution in Japan

Prompted into action by England midfielder's Frank Lampard's disallowed goal against Germany at the 2010 World Cup, FIFA will use goal-line technology for the first time in Japan this week. The technology will be employed in Thursday's Club World Cup curt
Published 06 Dec, 2012 12:00am
Samuels helps West Indies beat Bangladesh

Samuels helps West Indies beat Bangladesh

Marlon Samuels hit a fighting hundred to help the West Indies stage a comeback in their one-day internationals series against Bangladesh with a five-wicket win in the third match in Dhaka on Wednesday. The 31-year-old Jamaican notched a 149-ball 126 to st
Published 06 Dec, 2012 12:00am
Turkish troops kill 13 Kurdish rebels

Turkish troops kill 13 Kurdish rebels

Turkish troops have killed 13 Kurdish rebels during clashes that erupted Tuesday in a mountainous area in southern Turkey near Syria, the local governor's office said Wednesday. Backed by air power, the Turkish army launched an offensive against militants
Published 06 Dec, 2012 12:00am
Jazz great Dave Brubeck dies

Jazz great Dave Brubeck dies

Jazz pianist Dave Brubeck, whose experiments in rhythm and style helped win millions of new jazz fans around the world, died Wednesday of heart failure, his manager said. He was 91. Brubeck, who was a day away from his 92nd birthday, died in a hospital in
Published 06 Dec, 2012 12:00am
Hospital treating pregnant Kate falls for radio hoax

Hospital treating pregnant Kate falls for radio hoax

The hospital treating Prince William's pregnant wife Catherine for severe morning sickness admitted Wednesday that it fell victim to a hoax call from an Australian radio station. Presenters from Sydney's 2Day FM station, posing as Queen Elizabeth II and W
Published 06 Dec, 2012 12:00am
Clashes erupt in Egypt despite proposal to end crisis

Clashes erupt in Egypt despite proposal to end crisis

Islamists fought protesters outside the Egyptian president's palace on Wednesday, while inside the building his deputy proposed a way to end a crisis over a draft constitution that has split the most populous Arab nation. Stones and petrol bombs flew betw
Published 06 Dec, 2012 12:00am
'Desperate' Assad could use chemical arms: Clinton

'Desperate' Assad could use chemical arms: Clinton

Washington fears a "desperate" Syrian President Bashar al-Assad could use chemical weapons as rebels bear down on Damascus, Secretary of State Hillary Clinton said on Wednesday, repeating a vow to take swift action if he does. Rebels fighting to overthrow
Published 06 Dec, 2012 12:00am
China mine blast kills 17

China mine blast kills 17

A gas blast in a south-west China coal mine left 17 people dead Wednesday, state press said of the latest accident in the dangerous industry. The explosion occurred at the Shangchang Coal Mine in Yunnan province Wednesday afternoon when 66 miners were in
Published 06 Dec, 2012 12:00am
Italian court rules against presidential wire-tap

Italian court rules against presidential wire-tap

Italy's highest court has accepted a complaint over the wire-tapping of the president as part of an inquiry into negotiations between state officials and the Mafia, Italian media reported on Wednesday. President Giorgio Napolitano asked the court in July
Published 06 Dec, 2012 12:00am
Britain allowed new legal bid to deport Abu Qatada

Britain allowed new legal bid to deport Abu Qatada

Britain's interior ministry has won permission to appeal against a decision by judges to block the extradition of terror suspect Abu Qatada to Jordan, a spokesman said on Wednesday. A judge accepted the Home Office's challenge against last month's ruling
Published 06 Dec, 2012 12:00am
US daily apologises, says reporter fabricated sources

US daily apologises, says reporter fabricated sources

A US daily has apologised to readers, saying a longtime reporter admitted to fabricating names of people used in dozens of articles dating back at least to 1998. The Cape Cod Times, based in Massachusetts, said the reporter, Karen Jeffrey, who had been em
Published 06 Dec, 2012 12:00am
Senate approves $631 billion defence budget

Senate approves $631 billion defence budget

The US Senate unanimously passed the Pentagon's 2013 budget on Tuesday, despite a political impasse over debt reduction that could see huge cuts to military spending next year. After months of negotiations, lawmakers voted 98-0 to approve the $631 billion
Published 06 Dec, 2012 12:00am
Serbia, Kosovo strike fresh deals to ease Balkans tension

Serbia, Kosovo strike fresh deals to ease Balkans tension

Serbia and Kosovo struck key political deals Tuesday in talks to ease Western Balkans' tension, agreeing to jointly manage crossings on their flashpoint border and send liaison officers to each others' capitals. European Union foreign policy chief Catheri
Published 06 Dec, 2012 12:00am
Serbian ambassador to Nato dies in apparent Brussels suicide

Serbian ambassador to Nato dies in apparent Brussels suicide

The head of Serbia's mission to Nato has died, the country's Foreign Ministry said Wednesday, with Serbian media reporting that he had committed suicide at Brussels airport. Nato has its headquarters in the Belgian capital. Serbia is not a member of the m
Published 06 Dec, 2012 12:00am
Kuwaiti ruler reappoints Prime Minister

Kuwaiti ruler reappoints Prime Minister

Kuwait's ruler reappointed Sheikh Jaber al-Mubarak al-Sabah as prime minister on Wednesday and asked him to form a government, the state news agency KUNA said, after a parliamentary election boycotted by the opposition. The Gulf Arab state's ruler, Emir S
Published 06 Dec, 2012 12:00am
274 dead, hundreds missing in Philippines typhoon

274 dead, hundreds missing in Philippines typhoon

The death toll from a typhoon that ravaged the Philippines jumped to 274 Wednesday with hundreds more missing, as rescuers battled to reach areas cut off by floods and mudslides. Typhoon Bopha slammed into the southern island of Mindanao Tuesday, toppling
Published 06 Dec, 2012 12:00am
New York cotton settles lower

New York cotton settles lower

US cotton futures were swept lower on Tuesday, retracing the previous three days of gains, on profit taking and pressure from other commodities. After hitting six-week highs on Monday, just shy of 74.5 cents, the most-active March contract on ICE Futures
Published 06 Dec, 2012 12:00am
Shanghai copper gains

Shanghai copper gains

Shanghai copper prices hit their highest in nearly seven weeks on Wednesday, cheered by news that China is seeking more effective policies to ensure stable economic growth. "Risk appetite is back," said a Singapore-based trader, adding that some stop-loss
Published 06 Dec, 2012 12:00am
Copper notches fresh multi-week high

Copper notches fresh multi-week high

Copper rose on Wednesday, notching another multi-week peak after signs that China's economic recovery was on track, but some analysts were wary due to scant evidence that underlying metals demand was improving. Three-month copper on the London Metal Excha
Published 06 Dec, 2012 12:00am
Oil falls after US gasoline inventories leap higher

Oil falls after US gasoline inventories leap higher

Oil prices fell by around 1 percent on Wednesday after data showed a huge increase in gasoline stockpiles in the United States last week, while disappointing euro zone and US economic figures hurt sentiment about energy demand. An increase in production b
Published 06 Dec, 2012 12:00am
Tokyo rubber climbs

Tokyo rubber climbs

Tokyo rubber futures rose to their strongest in more than a month on Wednesday after China's Communist Party chief pledged to ensure stable economic growth next year, offsetting worries about rising inventory in the world's largest consumer of the commodi
Published 06 Dec, 2012 12:00am
Corn and wheat fall

Corn and wheat fall

US corn futures fell on Tuesday amid slumping demand for US exports, and wheat also weakened to extend a losing streak on technical selling. Yet soyabean futures closed higher, after trading in negative territory for much of the day on improving weather i
Published 06 Dec, 2012 12:00am
Palm oil slips on record stock woes

Palm oil slips on record stock woes

Malaysian palm oil futures slipped 0.3 percent on Wednesday as expectations of record stocks in November weighed on sentiment, although traders are looking at higher exports and slowing output this month. Traders are counting on demand to kick in as forwa
Published 06 Dec, 2012 12:00am
Coffee hits 2-1/2-year low

Coffee hits 2-1/2-year low

Arabica coffee futures on ICE hit a 2-1/2-year low as the market looked for a bottom on Wednesday, and then turned higher along with the commodity complex, while cocoa eased on earlier investor concerns about US budget talks. Raw sugar on ICE Futures US t
Published 06 Dec, 2012 12:00am
Gold falls in New York

Gold falls in New York

Gold fell more than 1 percent on Tuesday, underperforming equities and other commodities, as heavy fund liquidation and options-related selling sent bullion prices below a key technical support. The metal hit its lowest price in nearly a month after break
Published 06 Dec, 2012 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold edged up on bargain hunting on Wednesday, but still hovered near its weakest in a month as talks between the White House and Congress to avoid year-end tax hikes and spending cuts showed little progress and kept most investors at bay. Gold rose $4.10
Published 06 Dec, 2012 12:00am
Gold surrenders gains

Gold surrenders gains

Gold prices surrendered gains on Wednesday to fall back to one-month lows below $1,690 an ounce as gains in the dollar and technical pressure helped offset early support from stronger equities and news of fresh central bank buying. Selling accelerated as
Published 06 Dec, 2012 12:00am
US MIDDAY: soya climbs

US MIDDAY: soya climbs

US soyabeans climbed to their highest level in nearly a month early on Wednesday on a mix of technical strength and strong demand from exporters as well as domestic processors, traders said. Corn followed soyabeans higher and drew further support from bul
Published 06 Dec, 2012 12:00am
US MIDDAY: gold slips

US MIDDAY: gold slips

Gold slipped to a one-month low below $1,700 an ounce on Wednesday as a weaker price forecast by Goldman Sachs triggered some fund liquidation, offsetting news of fresh central bank buying. Bullion dropped around 0.2 percent on technical weakness below it
Published 06 Dec, 2012 12:00am
Three more killed in Karachi

Three more killed in Karachi

At least three persons including prayer-leader fell victims in separate incidents of violence at various parts of the metropolis, here on Wednesday. According to police and rescue sources, unidentified armed riders gunned down a man in front of Time Motor
Published 06 Dec, 2012 12:00am
40 suspects arrested

40 suspects arrested

Law Enforcement Agencies on Wednesday claimed to have nabbed over 40 suspects from different areas of the city while an alleged bandit was killed in an encounter. According to official sources, Shah Faisal police on intelligence information intercepted a
Published 06 Dec, 2012 12:00am
National Assembly session summoned on December 10

National Assembly session summoned on December 10

Acting President of Pakistan, Syed Nayyar Hussain Bokhari has summoned 48th session of the National Assembly and 88th session of Senate on December 10 and 12, 2012, respectively, it is learnt. According to sources in the Presidency, the Acting President h
Published 06 Dec, 2012 12:00am
District accounts show Rs 430 million anomalies: PAC meeting

District accounts show Rs 430 million anomalies: PAC meeting

Sindh's Public Accounts Committee (PAC) is learnt to have detected anomalies worth Rs 430 million in audit accounts of 11 district government departments of Tando Allahyar, Shikarpur, Jamshoro, Kashmore-Kandhkot and elsewhere. This is for the first time t
Published 06 Dec, 2012 12:00am
PTI condemns attack on ISF camp

PTI condemns attack on ISF camp

Pakistan Tehreek-e-Insaf (PTI) Central Information Secretary Shafqat Mahmood has on strongly condemned the attack on Insaf Student Federation (ISF) membership camp in Lahore. He said it was a barbaric attack, which resulted in two injured. He claimed that
Published 06 Dec, 2012 12:00am
Atlas Honda Limited

Atlas Honda Limited

Atlas Honda Limited (AHL) was established in 1988 as a result of a joint venture between Atlas Group and Honda Motor Co Ltd, Japan. Atlas is a well-diversified group with its stakes in engineering, power generation, trading, and financial services sector.
Published 06 Dec, 2012 12:00am
Atlas Honda Limited

Atlas Honda Limited

Atlas Honda Limited (AHL) was established in 1988 as a result of a joint venture between Atlas Group and Honda Motor Co Ltd, Japan. Atlas is a well-diversified group with its stakes in engineering, power generation, trading, and financial services sector.
Published 06 Dec, 2012 12:00am
TI Pakistan receives complaint againt SNGPL

TI Pakistan receives complaint againt SNGPL

Transparency International Pakistan has received a complaint against Sui Northern Gas Pipelines Limited (SNGPL) regarding alleged discrimination and favouritism on its part by preventing the supply of gas to DH Fertilisers Limited (DHFL) and Engro Fertili
Published 06 Dec, 2012 12:00am
PS employees ensured best quality, quantity meal

PS employees ensured best quality, quantity meal

Pakistan Steel Mills management has decided to operate its canteens to provide a better quality meal to its employees. Chief Executive Officer Pakistan Steel Major General Muhammad Javed HI-M (Retd) gave special directives to provide a better quantity and
Published 06 Dec, 2012 12:00am
6th Microfinance Country Forum held

6th Microfinance Country Forum held

Nadeem Hussain President and CEO of Tameer Microfinance Bank has said that small scale diligent entrepreneurs have proven to be prudent, as they ensure the lowest default ratios Addressing the 6th Microfinance Country Forum on Wednesday, he said that ther
Published 06 Dec, 2012 12:00am
Woman dies in gas explosion

Woman dies in gas explosion

A woman died and six others sustained wounds when room of a house suddenly caved in a powerful explosion due to gas leakage in Mingora City here on Tuesday. According to police, the incident took place at Makan Bagh where a dilapidated room of a house own
Published 06 Dec, 2012 12:00am
SU declares M Com results

SU declares M Com results

Sindh University has declared the results of M.Com pass final and previous annual examinations. According to details, 918 candidates took the M.Com (Pass) exams, out of which 697 candidates passed. Moreover, 170 candidates were declared fail, 25 absent an
Published 06 Dec, 2012 12:00am
Romana appointed judge of banking court

Romana appointed judge of banking court

The Chief Justice High Court of Sindh has ordered District and Sessions Judge, Ms Romana Siddiqui to join her new assignment as Judge, Banking Court. Ms Romana Siddiqui is directed to join as Judge Banking Court No V, Karachi with immediate effect, said a
Published 06 Dec, 2012 12:00am
Efforts aimed at lifting EU ban likely to get setback

Efforts aimed at lifting EU ban likely to get setback

Efforts for lifting of EU ban on Pakistan's seafood export may receive a blow, as private and official stakeholders of the fisheries sector were altogether ignored on Board of Director of Fishermen Co-operative Society (FCS) in the recent nomination. "No
Published 06 Dec, 2012 12:00am
Millers seek enhancement of limit for sugar export

Millers seek enhancement of limit for sugar export

Millers, fearing market saturation in the wake of fresh sugar production of five million tons in addition to 1.2 million tons in unsold stock, have urged the government to allow them to export at least 1.2 million tons of white refined sugar from the exis
Published 06 Dec, 2012 12:00am
SPSC notification

SPSC notification

Sindh Public Service Commission (SPSC) has announced the results of written test for selection of stipendiary candidates for M.Sc. and B.Sc. (Forestry) course to be held at Pakistan Forest Institute Peshawar.
Published 06 Dec, 2012 12:00am
Grim scenarios - II

Grim scenarios - II

In the context of prevailing state of affairs, the question being frequently asked is: whether Pakistan will become Asia's Somalia?
Published 06 Dec, 2012 12:00am
Putin in pain - concern over Russia's backbone number one

Putin in pain - concern over Russia's backbone number one

The back pain that Russian President Vladimir Putin is apparently suffering remains a hotly debated topic in Moscow political circles following a two-month break in his travel schedule. The action-man 60-year-old, who likes to be photographed shirtless wh
Published 06 Dec, 2012 12:00am
Shell banks and financial crimes

Shell banks and financial crimes

Introduction: The term "shell company" generally refers to limited liability companies and other business entities with no significant assets or ongoing business activities. Shell companies are formed for both legitimate and illicit purposes, and t
Published 06 Dec, 2012 12:00am
VIEW POINT: Unnecessary squabbling

VIEW POINT: Unnecessary squabbling

It is now the MQM's turn to play the victimhood card. First, it took strong exception to a proposal of deweaponisation of Karachi, expressing reservations at the passage of a resolution by Senate last month, iterating that not only Karachi but the entire
Published 06 Dec, 2012 12:00am
Almost on the eve of general election

Almost on the eve of general election

In normal times incumbency tends to negatively impact the winning prospects of an electoral candidate, though in a polity as ours it helps him/her win a by-election. But the by-elections to two National Assembly and seven provincial assembly seats held on
Published 06 Dec, 2012 12:00am
Undocumented workers and informal economy

Undocumented workers and informal economy

The Chairman of the Securities and Exchange Commission of Pakistan, Mohammad Ali, strongly feels that the size of undocumented economy is expanding. According to him, grey economy is now equal to white economy. Although, nothing is about the research or s
Published 06 Dec, 2012 12:00am
PPCBL directed to accelerate recovery of non-performing loans

PPCBL directed to accelerate recovery of non-performing loans

Secretary Co-operatives Punjab Dr Amir Ahmad directed Punjab Provincial Co-operative Bank Ltd management to accelerate the recovery of Bank's non-performing loans from the defaulters, PPCBL spokesman Rana Irshad Ali told Business Recorder here on W
Published 06 Dec, 2012 12:00am
Pepsi, Lays sponsor comedy theatre play

Pepsi, Lays sponsor comedy theatre play

Pepsi and Lays has sponsored one of the most contemporary and critically acclaimed play of modern times, 'God of Carnage'. This play, originally written in French by Yasmina Reza and adapted in English by Christopher Hampton, is being staged in Karachi af
Published 06 Dec, 2012 12:00am
By-elections: ECP takes serious notice of disturbances

By-elections: ECP takes serious notice of disturbances

The Election Commission of Pakistan has taken serious notice on Wednesday of incessant firing with lethal weapons at the houses or deras of the winning candidates in the recent bye-elections of various constituencies. In this regard, an FIR has been regis
Published 06 Dec, 2012 12:00am
US should pursue policy of mutual respect, trust: PML-N leader

US should pursue policy of mutual respect, trust: PML-N leader

Leader of Opposition in Senate Ishaq Dar has urged United States to pursue a policy of mutual respect and trust with Pakistan for strengthening bilateral co-operation as well as peace and stability in the region. He was talking to Senior Advisor to US Spe
Published 06 Dec, 2012 12:00am
Development projects: nobody bothers to look at audit observations: AGP

Development projects: nobody bothers to look at audit observations: AGP

The Auditor General of Pakistan (AGP) has said that nobody bothered to look at its billions of rupees audit observations about development projects. A representative of the AGP complained to the Chairman of Senate Sub-Committee on Finance here on Wednesda
Published 06 Dec, 2012 12:00am
Cold, dry weather likely today

Cold, dry weather likely today

Meteorological department has forecast cold and dry weather over most parts of the country with mist in plain areas of Punjab and Sindh on Thursday (today). However, thunderstorm/rain is likely to occur at one or two places of Malakand, Hazara, Rawalpindi
Published 06 Dec, 2012 12:00am
National Assembly body unhappy over absence of MoHRs officials

National Assembly body unhappy over absence of MoHRs officials

National Assembly Standing Committee on Human Rights Wednesday decided to lodge a complaint to the President and Prime Minister Secretariats against the Ministry of Human Rights (MoHRs) on absence of its top management from 77th meeting of the committee.
Published 06 Dec, 2012 12:00am
Indian Prime Minister cancels Pakistan's visit

Indian Prime Minister cancels Pakistan's visit

Indian Prime Minister Manmohan Singh has cancelled his visit to Pakistan saying it was not the right time to embark on it. Manmohan Singh wrote to President Asif Ali Zardari last month saying that while he still wanted to visit Pakistan, this was not the
Published 06 Dec, 2012 12:00am
MoU not aimed at regulating sector: CNG body chief

MoU not aimed at regulating sector: CNG body chief

The All Pakistan CNG Association (APCNGA) has rejected the perception that Memorandum of Understanding (MoU) signed between CNG body and the Petroleum Ministry was aimed at regulating the CNG sector. Ghiyas Abdullah Paracha, Chairman Supreme Council (APCN
Published 06 Dec, 2012 12:00am
National Assembly members visit PSO House

National Assembly members visit PSO House

Members of the National Assembly visited PSO House on Wednesday for a briefing on the national energy giant's performance over the past year and the employment opportunities the company offers to the people hailing from different areas of the country.
Published 06 Dec, 2012 12:00am
Gomal Zam Dam: Ministry objects to Wapda's revised PC-1

Gomal Zam Dam: Ministry objects to Wapda's revised PC-1

The Ministry of Water and Power has reportedly raised objections over the revised PC-1 of Gomal Zam Dam multipurpose project prepared by the Water and Power Development Authority (Wapda). The 17.4 MW multipurpose project will be constructed at Kahjuri Kac
Published 06 Dec, 2012 12:00am
CCP for creating awareness on ills of cartelization

CCP for creating awareness on ills of cartelization

Chairperson Competition Commission of Pakistan (CCP) Rahat Kaunain stressed the need for introducing a compact academic course on competition law at premier institutions to create awareness about cartelisation and value of free-market economy among future
Published 06 Dec, 2012 12:00am
SU extends admission fee date

SU extends admission fee date

Sindh University's Director Admission Akhtar Ahmed Memon has announced that the last date for payment of fees for the students selected under the first list for admissions to various bachelor degree programmes for the session 2013 has been extended for tw
Published 06 Dec, 2012 12:00am
Vote cast to be monitored through web-based live monitoring system

Vote cast to be monitored through web-based live monitoring system

The casting of votes at polling booths would be monitored through web-based live monitoring system in the coming elections. Transparency International Pakistan (TI-P) offered to arrange funds through donor organisations to provide the system to the electi
Published 06 Dec, 2012 12:00am
Polio Eradication Campaign 2013: Hoti approves Rs 407.29 million grant

Polio Eradication Campaign 2013: Hoti approves Rs 407.29 million grant

Chief Minister Khyber Pakhtunkhwa Amir Haider Khan Hoti approved grant of Rs 407.29 million for activities under Polio Eradication Campaign 2013. The grant will be provided through supplementary budget grant during fiscal year 2012-13. Similarly, the Chie
Published 06 Dec, 2012 12:00am
Jamaat-i-Islami Karachi hails Supreme Court verdict

Jamaat-i-Islami Karachi hails Supreme Court verdict

Jamaat-i-Islami (JI) on Wednesday hailed the Supreme Court of Pakistan verdict on Karachi voters' lists case and termed the verdict as "public victory". At a hurriedly called press conference at Idarae Noor-e-Haq, Chief of JI Karachi, Muhammad Hussain Meh
Published 06 Dec, 2012 12:00am
Senate body likely to issue fresh notice to CEO KESC

Senate body likely to issue fresh notice to CEO KESC

The Senate's Standing Committee on Water and Power is likely to issue a fresh notice to CEO KESC asking the company's head to appear before Senate's body. Earlier, CEO had obtained a court order baring authorities to arrest him as per the arrest warrant i
Published 06 Dec, 2012 12:00am
Tribute paid to 'Groovy'

Tribute paid to 'Groovy'

Speakers at a condolence reference paid glowing tributes to former federal minister and human rights activist, the late Iqbal Haider, for his contributions and struggle for the rights of deprived people. The condolence reference was organised by Karachi A
Published 06 Dec, 2012 12:00am
First Food Boulevard, Mall 'The Palm' unveiled

First Food Boulevard, Mall 'The Palm' unveiled

Silverstone Construction Co on December4 hosted an event at a local five-star hotel in Lahore for their new venture "The Palm", which is situated in the heart of the city in Saddar on the Mall Road, Rawalpindi. The event was attended by the restaurant own
Published 06 Dec, 2012 12:00am
Refinance schemes valid till December 31, 2013: SBP

Refinance schemes valid till December 31, 2013: SBP

The State Bank of Pakistan (SBP) has extended the expiry date of the Refinance Facility for Modernisation of Small & Medium Enterprises (SMEs), Refinance Scheme for Revitalisation of SMEs in Khyber Pakhtunkhawa (KP), Gilgit-Baltistan (GB) and the Federall
Published 06 Dec, 2012 12:00am
PIA, KESC sign MoU on energy conservation

PIA, KESC sign MoU on energy conservation

PIA management is committed to implementing the Energy Conservation Program not due to high energy cost but as a social responsibility for rational use of power. This was stated by managing director PIA Muhammad Junaid Yunus at a signing ceremony between
Published 06 Dec, 2012 12:00am
Hurriyet leaders hold unity march

Hurriyet leaders hold unity march

Hundreds of people, in Indian occupied Kashmir including Hurriyet leaders participated in a unity march in occupied Srinagar. The march was led by APHC leaders including Masroor Abbas Ansari, Ghulam Nabi Zaki, Ghulam Nabi Nagoo, Muhammad Shafi Khan and Mu
Published 06 Dec, 2012 12:00am
SCCI proposes to slash mark-up rate on export refinance

SCCI proposes to slash mark-up rate on export refinance

The Sarhad Chamber of Commerce and Industry (SCCI) Standing committee on 'Banking and FDIs' has proposed for lowering the mark-up rate on export refinancing and suggested that commercial banks should extend soft-loans to war-affected business community, f
Published 06 Dec, 2012 12:00am
Draft higher education commission bill approved by Qaim

Draft higher education commission bill approved by Qaim

Sindh Chief Minister Syed Qaim Ali Shah on Wednesday approved the draft bill of Sindh Higher Education Commission (SHEC), which would be tabled in the Sindh Assembly very soon. Sources told Business Recorder that a team of education and literacy de
Published 06 Dec, 2012 12:00am
Islampur to be developed as wool-craft city: Smeda

Islampur to be developed as wool-craft city: Smeda

Small and Medium Enterprise Development Authority (Smeda) is going to submit proposals for development of Islampur (Saidu Sharif) as wool-craft city to up-grade the quality of the products of silk units in the region. The provincial chief Smeda, Javed Iqb
Published 06 Dec, 2012 12:00am
MoU signed to upgrade Wah Brass Mill

MoU signed to upgrade Wah Brass Mill

Memorandum of Understanding (MoU) was inked between Wah Brass Mill Pvt Ltd & M/s. Vitkovic Czech Republics for up-gradation of existing Brass Mill on Wednesday. POF through its commercial window - Wah Industries Ltd has planned the up-gradation of Brass M
Published 06 Dec, 2012 12:00am
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