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Print - 2012-12-14
Clijsters bids farewell with win

Clijsters bids farewell with win

Former world number one Kim Clijsters celebrated the end of her sparkling tennis career with a victory in an exhibition match against American rival Venus Williams on Wednesday. The Belgian, who won 41 career singles titles, played her last official match
Published 14 Dec, 2012 12:00am
Messi keeps on scoring as Real lose 2-1 at Celta

Messi keeps on scoring as Real lose 2-1 at Celta

The apparently unstoppable Lionel Messi extended his record goals tally for 2012 to 88 when he scored twice to earn holders Barcelona a 2-0 win at second division Cordoba in their King's Cup last-16 first leg on Wednesday. Real Madrid, the 2011 winners, f
Published 14 Dec, 2012 12:00am
Cup final stopped after dressing room chaos

Cup final stopped after dressing room chaos

The South American Cup final here on Wednesday was stopped at half-time when players from Argentine side Tigre claimed they were attacked by Brazilian security forces in their dressing room. Tigre refused to emerge for the second half in the second leg ti
Published 14 Dec, 2012 12:00am
Chelsea thrash Monterrey, set up Corinthians final

Chelsea thrash Monterrey, set up Corinthians final

European champions Chelsea outclassed Mexican side Monterrey 3-1 at the Club World Cup in Japan on Thursday to set up a mouth-watering final clash with Brazilian giants Corinthians. The English Premier League club, debuting at the intercontinental tournam
Published 14 Dec, 2012 12:00am
Inzamam, psychologist to help India-bound Pakistan

Inzamam, psychologist to help India-bound Pakistan

Pakistan starts a week-long training camp Friday for its landmark limited overs series against India with former captain Inzamam-ul Haq and a psychologist drafted in, an official said. India and Pakistan play two Twenty20s and three one-day internationals
Published 14 Dec, 2012 12:00am
Du Plessis named T20 captain

Du Plessis named T20 captain

Faf du Plessis will lead South Africa in the three-match Twenty20 series against New Zealand later this month to free regular limited overs skipper AB de Villiers from the burden of captaincy, the cricket board said on Thursday. De Villiers remained part
Published 14 Dec, 2012 12:00am
Karunaratne to open with Dilshan for Sri Lanka

Karunaratne to open with Dilshan for Sri Lanka

Rookie Dimuth Karunaratne was picked to open the Sri Lankan batting with veteran Tillakaratne Dilshan in the first Test against Australia in Hobart on Friday. The 24-year-old will be making only his second Test appearance on an expected lively Bellerive O
Published 14 Dec, 2012 12:00am
Jayawardene to give up captaincy

Jayawardene to give up captaincy

Mahela Jayawardene said Thursday he will give up the captaincy after Sri Lanka's current Test and One-day tour of Australia, with Angelo Mathews seen as his likely replacement. The 35-year-old said it was time for a younger leader and nominated Mathews, h
Published 14 Dec, 2012 12:00am
Clarke curbs Aussie complacency against Sri Lanka

Clarke curbs Aussie complacency against Sri Lanka

Skipper Michael Clarke has vowed there will be no complacency in the Test series with Sri Lanka, insisting Australia will improve on their recent performances against South Africa. Paceman Mitchell Johnson has been left out of the Australian team for Frid
Published 14 Dec, 2012 12:00am
Pakistan lose Blind T20 final to India

Pakistan lose Blind T20 final to India

Pakistan blind cricket team's winning streak in the Blind T20 World Cup came to an end when host India defeated the team by 29 runs in the climax of the tournament on Thursday in Bangalore. India batted first in the final of the tournament and put on boar
Published 14 Dec, 2012 12:00am
Founder of radical Morocco Islamist party dies

Founder of radical Morocco Islamist party dies

Abdessalam Yassine, spiritual leader of Morocco's radical Justice and Charity Islamist movement and outspoken opponent of the monarchy, died on Thursday aged 84, the banned but tolerated group's spokesman told AFP. The founder of the movement, known as Ad
Published 14 Dec, 2012 12:00am
Thousands protest as mass Turkey coup plot trial nears end

Thousands protest as mass Turkey coup plot trial nears end

Thousands of people protested Thursday outside a Turkish prison complex where the mass trial of almost 300 people accused of plotting to overthrow the Islamist-rooted government of Prime Minister Recep Tayyip Erdogan entered its closing stages. Police use
Published 14 Dec, 2012 12:00am
Millions vote in test for Narendra Modi

Millions vote in test for Narendra Modi

Millions voted Thursday in India's Gujarat state where Hindu nationalist Narendra Modi is seeking a big win to spur his prime ministerial ambitions, 10 years after anti-Muslim riots on his watch. Crowds thronged polling stations in the first of two rounds
Published 14 Dec, 2012 12:00am
Thousands attend rare West Bank Hamas rally

Thousands attend rare West Bank Hamas rally

Thousands of Palestinians attended a rare Hamas rally in the northern West Bank city of Nablus on Thursday, celebrating the group's "victory" over Israel in Gaza. The rally is the first time that the West Bank's ruling Palestinian Authority - which is dom
Published 14 Dec, 2012 12:00am
Syrian rebels might win: Russian envoy

Syrian rebels might win: Russian envoy

Syrian rebels are gaining ground and might win, Russia's Middle East envoy said on Thursday, in the starkest such admission from a major ally of President Bashar al-Assad in 20 months of conflict. "One must look the facts in the face," Russia's state-run
Published 14 Dec, 2012 12:00am
'Worrying' increase in global child trafficking: UN

'Worrying' increase in global child trafficking: UN

Children - most of them girls - now make up 27 percent of all human trafficking cases, marking an alarming increase in recent years, a UN agency said Wednesday. Girls under 18 made up two thirds of all trafficked children and now constitute 15-20 per cent
Published 14 Dec, 2012 12:00am
China marks Nanjing massacre amid tense Japan ties

China marks Nanjing massacre amid tense Japan ties

Sirens wailed in China's city of Nanjing Thursday, 75 years after Japanese troops embarked on mass killing and rape, as a modern-day territorial row between the pair saw Tokyo scrambling fighter jets. The two countries - the world's second- and third-larg
Published 14 Dec, 2012 12:00am
CIA rendition victim wins landmark case in European court

CIA rendition victim wins landmark case in European court

Nine years after his arrest in Macedonia and abduction to Afghanistan - where he was interrogated and tortured - Khaled el-Masri on Thursday won a demand for damages before Europe's top human rights court. In its first ruling on the US Central Intelligenc
Published 14 Dec, 2012 12:00am
UK pays out to family 'rendered' to Qadhafi's Libya

UK pays out to family 'rendered' to Qadhafi's Libya

The British government agreed to pay more than 2 million pounds ($3.2 million) on Thursday to the family of a leading opponent of the late Libyan leader Muammar Qadhafi who says Britain was involved in his rendition to Tripoli where he was tortured. Sami
Published 14 Dec, 2012 12:00am
Iraq government, Kurdistan agree to defuse military standoff

Iraq government, Kurdistan agree to defuse military standoff

Iraq's government and autonomous Kurdistan on Thursday agreed to defuse a tense standoff between their troops by gradually withdrawing them from disputed territories along their internal border. Baghdad's Arab-led central government and Kurdistan, embroil
Published 14 Dec, 2012 12:00am
Ukrainian MPs brawl as Prime Minister re-appointed

Ukrainian MPs brawl as Prime Minister re-appointed

The Ukrainian parliament Thursday voted to reinstate its prime minister after dozens of opposition and pro-government lawmakers brawled for a second day in the chamber notorious for its fisticuffs. Newly-elected world boxing champion Vitali Klitschko soug
Published 14 Dec, 2012 12:00am
UN inspectors in Iran, no sign of Parchin visit

UN inspectors in Iran, no sign of Parchin visit

Inspectors from the UN nuclear watchdog were in Tehran on Thursday for talks on Iran's disputed nuclear programme, but there was no sign they would gain access to the Parchin military complex as requested. The Iranian Students' News Agency (ISNA) said "no
Published 14 Dec, 2012 12:00am
Bomber strikes near Afghan base after Panetta visit

Bomber strikes near Afghan base after Panetta visit

A suicide bomber detonated an explosives-laden car near a Nato base in southern Afghanistan on Thursday soon after a visit by US Defence Secretary Leon Panetta, killing two people and wounding 16, Afghan and Nato officials said. His spokesman said there w
Published 14 Dec, 2012 12:00am
New York cotton up on speculative buying after technical breakout

New York cotton up on speculative buying after technical breakout

Cotton prices firmed again on Wednesday as speculative investors placed fresh bets on higher prices after the fibres market broke above a short-term trendline following Tuesday's US Department of Agriculture crop report. New speculative buying pushed pric
Published 14 Dec, 2012 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded March copper contract on the Shanghai Futures Exchange slipped 0.64 percent to close at 57,610 yuan ($9,200) a tonne on Thursday, bruised by the struggles of US lawmakers to resolve their fiscal troubles and on profit-taking after November
Published 14 Dec, 2012 12:00am
Copper ends down

Copper ends down

Copper fell on Thursday as an impasse in US budget talks showed little sign of being resolved and a Federal Reserve decision to tie its monetary policy to unemployment raised concerns that its economic stimulus might be limited. Benchmark copper on the Lo
Published 14 Dec, 2012 12:00am
Oil falls as fiscal cliffhanger fuels caution

Oil falls as fiscal cliffhanger fuels caution

Oil prices fell on Thursday as concern about the rising risk of US recession given the lack of a deal to avert mandated 2013 tax increases and spending cuts countered support from positive weekly US employment data. With the front-month January contract a
Published 14 Dec, 2012 12:00am
Tokyo rubber futures retreat

Tokyo rubber futures retreat

Key TOCOM rubber futures edged down on Thursday, reversing earlier gains to a two-month high, as a fall in gold prices on fading hopes of further monetary easing dragged down other commodities and prompted investors to lock in profits. While ample stocks
Published 14 Dec, 2012 12:00am
Wheat declines

Wheat declines

US wheat futures declined for a fourth straight session on Wednesday, setting a five-month low and adding to Tuesday's loss of more than 3 percent after the US government forecast hefty stockpiles. Corn fell to a 3-1/2 week low, while soyabeans closed mix
Published 14 Dec, 2012 12:00am
Palm oil ends off three-year low

Palm oil ends off three-year low

Malaysian palm oil futures fell on Thursday to their lowest in more than three years, as record stocks and concerns that US fiscal woes might drag on global growth spooked investors. Despite announcements of more monetary stimulus by the US Federal Reserv
Published 14 Dec, 2012 12:00am
Sugar and coffee tap lowest since 2010

Sugar and coffee tap lowest since 2010

Raw sugar and arabica coffee futures on ICE slid on Thursday, hitting their lowest levels in more than two years on concern about surplus supplies. Cocoa futures on both Liffe and ICE Futures US were also lower, giving up most of the prior session's techn
Published 14 Dec, 2012 12:00am
Gold rises in New York

Gold rises in New York

Gold rose on Wednesday as its inflation-hedge appeal received a boost after the US Federal Reserve took an unprecedented step to commit to near-zero interest rates as long as unemployment remains high. Bullion benefited after the Fed officials revised low
Published 14 Dec, 2012 12:00am
Gold drops in Asia

Gold drops in Asia

Gold dropped about 1 percent on Thursday after the Federal Reserve linked its monetary policy to unemployment, raising concerns that future economic stimulus could be limited. Spot gold dropped 1 percent to $1,693.80 an ounce earlier in the day, before pa
Published 14 Dec, 2012 12:00am
Gold slips over one percent

Gold slips over one percent

Gold prices fell more than 1 percent on Thursday, failing to sustain gains made after the Federal Reserve unveiled a fresh round of bond purchases, as investors switched focus to the prospect of a looming US fiscal crisis. The precious metal hit a two-wee
Published 14 Dec, 2012 12:00am
US MIDDAY: soyabeans up

US MIDDAY: soyabeans up

Soyabean futures rose early on Thursday on larger-than-expected weekly US export sales and strength in the soyameal market, traders said. Wheat fell for a fifth session and set a five-month low while corn sagged for a sixth day, hobbled by poor US export
Published 14 Dec, 2012 12:00am
US MIDDAY: gold plunges

US MIDDAY: gold plunges

Gold fell nearly 1 percent early on Thursday as funds unwound bullish bets, a day after the US Federal Reserve took an unprecedented step to commit to near-zero interest rates as long as unemployment remains above 6.5 percent. Worries about the US "fiscal
Published 14 Dec, 2012 12:00am
Situation remains tense in Gilgit

Situation remains tense in Gilgit

Law-and-order situation in Gilgit city and adjoining areas remained tense on second consecutive day after death of two persons including a police cop besides injury to six others in clash between two students' groups of Karakurram University. According to
Published 14 Dec, 2012 12:00am
Pak-Afghan journalists constitute joint forum

Pak-Afghan journalists constitute joint forum

The participants of three-day Pak-Afghan Journalists Forum has decided the formation of a forum comprising representatives of journalists from both countries and a four-member committee has also been constituted in this regard to prepare targets and proce
Published 14 Dec, 2012 12:00am
Four more killed in Karachi

Four more killed in Karachi

At least four people including a police constable were killed in different incidents of violence in the city here on Thursday, police and rescue sources said. As per details, a police man was shot dead by unknown armed men in Malir area in the limits of M
Published 14 Dec, 2012 12:00am
Test for high school teachers to be held on December 23

Test for high school teachers to be held on December 23

Education and Literacy department has announced on Thursday that the test for High School Teachers (HSTs) would be held at the headquarters level on December 23, this year. National Testing Service (NTS) would hold this test simultaneously in all district
Published 14 Dec, 2012 12:00am
CAA official gunned down

CAA official gunned down

Unknown armed men on Thursday shot at and killed the Airport Manager of Civil Aviation Authority (CAA) at Panjgur district, police confirmed. "Yasir Arafat, CAA official was in a scrap market located in the main Panjgur Bazaar when gunmen riding motorcycl
Published 14 Dec, 2012 12:00am
Doctor, two others shot dead in Balochistan

Doctor, two others shot dead in Balochistan

At least three people were killed and three others injured in a series of shooting incidents on Thursday in Quetta. Three separate shooting incidents claimed two lives and injured three other people in Quetta, the provincial capital. According to police,
Published 14 Dec, 2012 12:00am
DSF treats 29 burnt victims successfully

DSF treats 29 burnt victims successfully

Depilex Smileagain Foundation (DSF) organised a ceremony recently to mark the successful treatment of 29 burnt victims. The event was attended by parliamentarians, media, and survivors of violence. The 29 victims were treated through the support of Philip
Published 14 Dec, 2012 12:00am
STDEA to modernise education: Pir Mazhar

STDEA to modernise education: Pir Mazhar

The Senior Sindh Minister for Education Pir Mazhar-ul-Haq has said that Sindh Teachers Development Education Authority (STDEA) has been established by Sindh government to standardise and modernise the educational system in the province. He said that teach
Published 14 Dec, 2012 12:00am
Pakistanis polio-germs carriers? exports face daunting prospect

Pakistanis polio-germs carriers? exports face daunting prospect

Pakistan's business, particularly exports, which are already creeping, may get badly hit in case the Independent Monitoring Board's (IMB's) recommendations to impose a world wide travel ban is implemented, on the assumption, that Pakistanis carry polio ge
Published 14 Dec, 2012 12:00am
FFCL gets philanthropy award

FFCL gets philanthropy award

Pakistan Center for Philanthropy (PCP) presented the 'Corporate Philanthropy Award' to Fauji Fertilizer Company Limited (FFCL) for its extensive work in the social, environmental and educational sectors. FFCL was among the top five companies in Pakistan i
Published 14 Dec, 2012 12:00am
Raise to PCCC employees

Raise to PCCC employees

Apropos a news item 'PCCC employees have yet to get Ad Hoc Relief Allowance 2012', it needs to be made clear that PCCC generates its own funds to finance its cotton research activities. For this reason, the old cess money paid on one bale of cotton consum
Published 14 Dec, 2012 12:00am
Opec set to cut oil flows next year to support prices

Opec set to cut oil flows next year to support prices

Opec will likely cut its oil production next year as prices risk falling in reaction to higher output from top crude consumer the United States and amid a slowing of energy demand growth, analysts say. The Organisation of Petroleum Exporting Countries (Op
Published 14 Dec, 2012 12:00am
Berlusconi keeps Italians guessing about his political plans

Berlusconi keeps Italians guessing about his political plans

Will he or won't he? Former prime minister Silvio Berlusconi is playing guessing games ahead of next year's elections, leaving Italians utterly confused as to whether he really intends to bid for high office for a sixth time. Months of ambiguity seemed to
Published 14 Dec, 2012 12:00am
Beyond reform?

Beyond reform?

Since the start of World Bank funded Tax Administration Reforms Programme (TARP), FBR has been making tall claims about its automation efforts. All the chairmen of FBR, who headed the apex revenue authority for the last 10 years, have been assuring the pu
Published 14 Dec, 2012 12:00am
Speaking frankly

Speaking frankly

As the time of "fiscal cliff" is fast approaching, there is almost no time left for niceties or subtle remarks to nudge the US policy planners to adopt a reasonable attitude. Speaking on CNN's State of the Nation, IMF Managing Director, Christine Lagarde
Published 14 Dec, 2012 12:00am
Intolerable corruption

Intolerable corruption

Can the four-member ministerial committee find truth in the reports that over the last few years Pakistan has made unprecedented progress in the field of official corruption and by virtue of that stellar success it now stands in the line of the world's mo
Published 14 Dec, 2012 12:00am
Several children injured in school building collapse

Several children injured in school building collapse

Several students were injured when dilapidated roof of a school building caved in here on Thursday. According to the details, roof of a private school located in Mohallah Qasaban of Dera Ismail Khan suddenly came down when the students and teaching staff
Published 14 Dec, 2012 12:00am
Clerics of three sects join hands on reproductive health rights

Clerics of three sects join hands on reproductive health rights

Top clerics of the three Muslims' sects have joined hands with a non-governmental organisation in launching a mass awareness and advocacy campaign on reproductive health rights of youth in Pakistan. This was stated by Lifeline's Chief Executive Omer Aftab
Published 14 Dec, 2012 12:00am
Nawaz asks PML-N members to file tax returns

Nawaz asks PML-N members to file tax returns

Taking notice of media reports that some parliamentarians have not so far filed their income tax returns, Pakistan Muslim League President Muhammad Nawaz Sharif has asked all the PML-N members to ensure that their tax returns are up to date. As per instru
Published 14 Dec, 2012 12:00am
Formation of caretaker set-up: Imran urges CEC to take PTI on board

Formation of caretaker set-up: Imran urges CEC to take PTI on board

Reposing full confidence in Fakhruddin G Ebrahim Chief Election Commissioner (CEC) of Pakistan, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday asked the CEC to ensure consultation process with the PTI regarding the formation of the caretak
Published 14 Dec, 2012 12:00am
Registrar 'not required to appear before PAC': Supreme Court

Registrar 'not required to appear before PAC': Supreme Court

The Registrar of the Supreme Court is not required to appear before the National Assembly's Public Accounts Committee, a press handout issued by the apex court said on Thursday. The press release stated: "The Supreme Court of Pakistan keeps the Public Acc
Published 14 Dec, 2012 12:00am
Kamran appointed member Judicial Commission

Kamran appointed member Judicial Commission

Former Senator Kamran Murtaza has been nominated as member of the Judicial Commission from Balochistan and formal notification has been issued in this regard. Kamran Murtaza advocate who is also a member of the Balochistan Bar Council was nominated as mem
Published 14 Dec, 2012 12:00am
Khyber Pakhtunkhwa extends THRS to eight more districts

Khyber Pakhtunkhwa extends THRS to eight more districts

The provincial government of Khyber Pakhtunkhwa on Thursday extended Traditional Hunarmand Rozgar Scheme (THRS) to eight more districts of the province. KP Minister for Culture and Information, Mian Iftikhar Hussein was the chief guest at the occasion. Se
Published 14 Dec, 2012 12:00am
PTCL clarification

PTCL clarification

Apropos news item entitled "PTCL comes under harsh criticism from Senate body" published in Business Recorder on December 13, 2012, Pakistan Telecommunications Company Limited (PTCL) strongly denies the allegations.
Published 14 Dec, 2012 12:00am
Advance salaries, pension for Christian employees

Advance salaries, pension for Christian employees

On the special instructions of Punjab Chief Minister Muhammad Shahbaz Sharif, Punjab government announced payment of advance salaries and pension to all the government employees and pensioners of Christian community on December 20 on the occasion of Chris
Published 14 Dec, 2012 12:00am
MI conducts training sessions

MI conducts training sessions

The Micron-utrient Initiative (MI) an International Organisation working globally on essential micronutrients like iodine, vitamin A, zinc and iron are now a day's conducting training sessions for the skills enhancement of salt processors in the whole cou
Published 14 Dec, 2012 12:00am
Khyber Pakhtunkhwa Governor pays homage to PPP activists

Khyber Pakhtunkhwa Governor pays homage to PPP activists

Khyber-Pakhtunkhwa Governor, Barrister Masood Kausar, said that selfless humanitarian services rendered both in collective and individual capacities are always held in highest esteem in the society whose contribution towards betterment of humanity indeed
Published 14 Dec, 2012 12:00am
Textile sector to become zero-rated after GSP status: official

Textile sector to become zero-rated after GSP status: official

The textile sector of the country would become zero-rated after getting the European Union's Generalised Scheme of Preferences (GSP) by 2014, revealed Shahid Rasheed, Secretary of the Ministry, while briefing the Senate Standing Committee on Ministry of T
Published 14 Dec, 2012 12:00am
CJ PHC eulogises engineers' role in country's development

CJ PHC eulogises engineers' role in country's development

Chief Justice, Peshawar High Court (PHC), Justice Dost Mohammad Khan while eulogizing the dynamic role of the engineering community in the development of the country specially the KP province expressed the confidence that they would fully exploit their ca
Published 14 Dec, 2012 12:00am
GCUF signs MoU with Iranian institute

GCUF signs MoU with Iranian institute

Institute of Research, Food Science and Technology Mashad, Iran and GC University Faisalabad's Department of Food Science have joined hands to work together on research work, students exchange programme and other academic areas of mutual concerns.
Published 14 Dec, 2012 12:00am
Human organs' transplantation: policy evolved

Human organs' transplantation: policy evolved

A comprehensive policy for the transplantation of human organs such as heart, liver and kidney has been evolved for the government hospitals in the provincial metropolis of Lahore. As per policy, human organs would be transplanted to the needy ones accord
Published 14 Dec, 2012 12:00am
Iraq invites Nespak to participate in East Gharaf project

Iraq invites Nespak to participate in East Gharaf project

The Ministry of Water Resources of Government of Iraq has extended a direct invitation to National Engineering Services Pakistan (Nespak) for participation in the process of taking up East Gharaf Project. The project aims at strengthening the war torn eco
Published 14 Dec, 2012 12:00am
MQM delegation calls on Allama Ashrafi

MQM delegation calls on Allama Ashrafi

A delegation of Muttahida Qaumi Movement (MQM) on Thursday called on chairman Pakistan Ulema Council, Allama Tahir Ashrafi, at local hotel and discussed with him the prevailing law and order situation in the country. The MQM delegation comprised members c
Published 14 Dec, 2012 12:00am
Small traders seek 'clean-up' operation against criminals

Small traders seek 'clean-up' operation against criminals

Small traders on Thursday showed deep concerns over a sharp rise in bomb attacks at shopping centres, saying the government's pathetic policies helped grow violence in the city since 2008. The two recent bomb attacks one at a shop at Tibet Centre M A Jinn
Published 14 Dec, 2012 12:00am
Appointment of deputy chairmen in Nadra declared illegal

Appointment of deputy chairmen in Nadra declared illegal

The Public Accounts Committee (PAC) on Thursday declared appointment of two deputy chairmen in National Database Registration Authority (Nadra) illegal and directed the Ministry of Interior to issue instructions in this regard within five days and resolve
Published 14 Dec, 2012 12:00am
Seminar

Seminar

International technical seminar on 'Archaeological Remains of Bhambhore' under the aegis of Culture and Antiquities Department of Government of Sindh is going to be held on Friday (today). In this seminar, Pakistani, French, Italian archaeologists, conser
Published 14 Dec, 2012 12:00am
US provides Sindh police investigation equipment

US provides Sindh police investigation equipment

US has provided bomb disposal and safety equipment to the Sindh police. An announcement said that Bryce Miles, Senior Representative of the US Consulate Karachi and Robert A Clark, Resident Programme Manager, Anti-Terrorism Assistance, US Embassy Islamaba
Published 14 Dec, 2012 12:00am
Branch opened at Dolmen Mall: Summit Bank initiates new service

Branch opened at Dolmen Mall: Summit Bank initiates new service

Summit Bank Limited has announced to provide banking services for 14 hours a day and 7 days a week even on public holidays at its Dolmen Mall Branch, Clifton. This was announced by President Summit Bank Husain Lawai while addressing the branch opening cer
Published 14 Dec, 2012 12:00am
Kiran Vohra for entering into joint ventures

Kiran Vohra for entering into joint ventures

Kiran Vohra, a mission leader of Confederation of Indian Industry (CII), has said that the purpose of his visit is to find partners to establish joint ventures in different areas. He was speaking at a meeting of Karachi Chamber of Commerce and Industry (K
Published 14 Dec, 2012 12:00am
FCCI to help resolve flour mills industries' issues

FCCI to help resolve flour mills industries' issues

FCCI will assist and try to resolve the issues pertaining to the Flour Mills Industries, said President of the Faisalabad Chamber of Commerce and Industry (FCCI) Mian Zahid Aslam during a meeting held with Faisalabad Mills Owners at FCCI yesterday.
Published 14 Dec, 2012 12:00am
LHC restrains Ogra from conducting raids on LPG firms

LHC restrains Ogra from conducting raids on LPG firms

The Lahore High Court here Thursday restrained the Oil and Gas Regulatory Authority (Ogra) from conducting raids and taking any other coercive measures against liquefied petroleum gas (LPG) companies. The court, however, sought replies from Ogra and other
Published 14 Dec, 2012 12:00am
Growth, job creation: APTMA seeks reduction in discount rate by 200bps

Growth, job creation: APTMA seeks reduction in discount rate by 200bps

The All Pakistan Textile Mills Association (Aptma) top notch Gohar Ejaz seeks reduction in discount rate by 200bps for growth and job creation ahead. Talking to a select group of media at the Lake City Golf Club on Thursday, the Aptma Group Leader said th
Published 14 Dec, 2012 12:00am
Punjab Higher Education Commission on the cards

Punjab Higher Education Commission on the cards

With a view to improve the education system in the province of Punjab, the PML-N led Punjab government has planned Punjab Higher Education Commission and necessary recommendations in this regard are being finalised.
Published 14 Dec, 2012 12:00am
Punjab Assembly session: pro-Kalabagh dam resolution shot down

Punjab Assembly session: pro-Kalabagh dam resolution shot down

A Punjab Assembly lawmaker, Ali Haider Noor Khan Niazi, on Thursday was denied the opportunity to move a resolution on Kalabagh dam during the 43rd session of Punjab Assembly after which he staged a walk out, applauding the Lahore High Court's ruling in t
Published 14 Dec, 2012 12:00am
Government restrained from terminating contract employees of PIDA

Government restrained from terminating contract employees of PIDA

The Lahore High Court on Thursday restrained Punjab government from terminating as many as 110 contract employees of Punjab Irrigation and Drainage Authority (PIDA) whose services were going to be expired on December 31st. Earlier, the LHC had also stoppe
Published 14 Dec, 2012 12:00am
Rain, snowfall likely to continue till tomorrow

Rain, snowfall likely to continue till tomorrow

Director Metrological Department Muhammad Hanif on Thursday said that rain and light snowfall in hilly areas were likely to continue till Saturday. Talking to PTV, he said that rain with thunderstorm and light snowfall over the hills were likely in Malaka
Published 14 Dec, 2012 12:00am
The Weather

The Weather

The weather report on Thursday (December 13, 2012) and the forecast for Friday (December 14, 2012).

Published 14 Dec, 2012 12:00am
LDA seals 25 properties

LDA seals 25 properties

Staff of the Commercialisation Directorate of Lahore Development Authority (LDA) on Thursday sealed as many as 25 properties for not depositing commercialisation fee despite being served repeated notices. According to a LDA's spokesperson, the sealed prop
Published 14 Dec, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (December 13, 2012).

Published 14 Dec, 2012 12:00am
Khushhalibank, Meda sign MoC

Khushhalibank, Meda sign MoC

The Mennonite Economic Development Associates (Meda), an international non-profit making organisation working in various countries all over the world, and implementing USAID's Entrepreneurs project through key partners in Punjab, Sindh, Balochistan and KP
Published 14 Dec, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 14 Dec, 2012 12:00am
Announcement termed violation of MoU

Announcement termed violation of MoU

Pakarab has termed Dawood Hercules Corporation Limited (DHCL) announcement on discontinuing of talks for the sale of DHL fertilizer plant a "violation" of memorandum of understanding (MoU). "We are indeed surprised to read the DHL letter on the KSE websit
Published 14 Dec, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 14 Dec, 2012 12:00am
Announcement termed violation of MoU

Announcement termed violation of MoU

Pakarab has termed Dawood Hercules Corporation Limited (DHCL) announcement on discontinuing of talks for the sale of DHL fertilizer plant a "violation" of memorandum of understanding (MoU). "We are indeed surprised to read the DHL letter on the KSE websit
Published 14 Dec, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (December 13, 2012).

Published 14 Dec, 2012 12:00am
Factions of PML gear up political activities in Sindh

Factions of PML gear up political activities in Sindh

As the upcoming general elections are nearing, different factions of Muslim Leagues including Pakistan Muslim League-Functional (PML-F) Pakistan Muslim League-Nawaz (PML-N) and Pakistan Muslim League-Q (PML-Q) have sped up their political activities in ru
Published 14 Dec, 2012 12:00am
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