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Print - 2013-02-07
GlaxoSmithKline profits drop

GlaxoSmithKline profits drop

British drugmaker GlaxoSmithKline on Wednesday announced a 13-percent drop in annual profits and said it would further restructure its European operations to deliver greater savings amid weaker sales across the region. GSK said profit after tax fell to £4
Published 07 Feb, 2013 12:00am
Apple sells 25 billionth song at iTunes store

Apple sells 25 billionth song at iTunes store

Apple on Wednesday announced that the number of digital songs downloaded from its iTunes Store has topped 25 billion. The 25 billionth song bought from the online shop was a "Monkey Drums" remix by Chase Buch. Apple said that it was bought by a German man
Published 07 Feb, 2013 12:00am
US challenges India at WTO over solar panel rules

US challenges India at WTO over solar panel rules

The United States took the first step towards a full-blown trade dispute with India Wednesday on the solar power sector, the World Trade Organisation said. A WTO statement said that Washington had requested consultations over what it claims is unfair supp
Published 07 Feb, 2013 12:00am
Iran downplays Ahmadinejad shoe attack in Egypt

Iran downplays Ahmadinejad shoe attack in Egypt

Iran's foreign ministry on Wednesday downplayed an incident in Cairo in which a protester tried to throw a shoe at President Mahmoud Ahmadinejad, saying it did not indicate Egypt's official stance towards Tehran. "What is important to us is the behaviour
Published 07 Feb, 2013 12:00am
Himalayan avalanche kills five in India

Himalayan avalanche kills five in India

An avalanche in a Himalayan region of northern India killed at least five villagers Wednesday when their houses were buried under heavy snow, officials said. The avalanche trapped eight people in the remote Kafnu village in the state of Himachal Pradesh b
Published 07 Feb, 2013 12:00am
Obama picks female business executive for Interior

Obama picks female business executive for Interior

President Barack Obama will seek to add another woman to his cabinet Wednesday by picking business executive Sally Jewell to head the vast Interior Department, a White House official said. Obama has been criticised for naming middle aged white men to the
Published 07 Feb, 2013 12:00am
Morsi urges Syria unity at OIC summit

Morsi urges Syria unity at OIC summit

Egyptian President Mohamed Morsi on Wednesday urged Syrian opposition groups to unify, as he addressed leaders of Islamic states at a summit that also focused on the battle against militants in Mali. "The Syrian regime must draw lessons from history: it i
Published 07 Feb, 2013 12:00am
US operating lethal drone base in Saudi Arabia

US operating lethal drone base in Saudi Arabia

The Central Intelligence Agency has been launching lethal drone strikes against terrorists from a base in Saudi Arabia for last two years, US media reported Wednesday. The revelation that the US spy agency has conducted its policy of targeted killings wit
Published 07 Feb, 2013 12:00am
Partisanship in Congress puts US at risk: Panetta

Partisanship in Congress puts US at risk: Panetta

Chronic partisanship in Congress poses the biggest risk to America's economy, national security and political life, US Defence Secretary Leon Panetta warned in a speech Wednesday. In his last major policy address before he retires this month, the Pentagon
Published 07 Feb, 2013 12:00am
Army blasts Damascus as hopes for peace dim

Army blasts Damascus as hopes for peace dim

Syria's army Wednesday launched a fierce assault in the Damascus region, shelling rebel neighbourhoods and sealing main entrances to the capital, witnesses said, as prospects for peace talks dimmed. Shattering months of relative calm in Damascus, the offe
Published 07 Feb, 2013 12:00am
Fed acknowledges computer system hacked

Fed acknowledges computer system hacked

The Federal Reserve acknowledged Wednesday its computer systems were accessed by hackers but said the incident did not affect the central bank's "critical operations." The acknowledgement came days after the hacker group known as Anonymous claimed it had
Published 07 Feb, 2013 12:00am
Hundreds died in 'appalling' conditions at UK hospital

Hundreds died in 'appalling' conditions at UK hospital

The deaths of hundreds of hospital patients, left without food or water in filthy conditions, exposed an urgent need to change the culture of Britain's National Health Service (NHS), a report said on Wednesday. Between 400 and 1,200 patients are estimated
Published 07 Feb, 2013 12:00am
Maldives to hold first polls since president toppled

Maldives to hold first polls since president toppled

The Maldives is to hold presidential polls on September 7, the first since the archipelago's first democratically elected leader was toppled in what he called a coup, the government said Wednesday. On the eve of the anniversary of president Mohamed Nashee
Published 07 Feb, 2013 12:00am
Anger, protests as Tunisian opposition leader shot dead

Anger, protests as Tunisian opposition leader shot dead

Prominent Tunisian opposition leader Chokri Belaid was shot dead outside his home in Tunis on Wednesday, sparking angry protests by his supporters and attacks on offices of the ruling Islamist Ennahda party. President Moncef Marzouki denounced the killing
Published 07 Feb, 2013 12:00am
Uganda returns stolen aid to Norway

Uganda returns stolen aid to Norway

Uganda has returned three million euros in aid to Norway after it was misappropriated, the Norwegian minister for development aid said Wednesday. "Corruption is (the same as) stealing from poor people, and for that we have zero tolerance," Heikki Holmaas
Published 07 Feb, 2013 12:00am
German farm cooperative says 2013 grain crop doing well

German farm cooperative says 2013 grain crop doing well

The outlook for Germany's 2013 grains harvest is currently positive with plants so far escaping winter damage in mild weather, the head of giant German agricultural trading co-operative Agravis said, recently. "All the indications are that we will receive
Published 07 Feb, 2013 12:00am
Shanghai copper flat

Shanghai copper flat

The most-traded copper contract for May delivery on the Shanghai Futures Exchange closed nearly flat at 59,840 yuan ($9,600) a tonne on Wednesday as physical demand in China was sluggish ahead of the Lunar New Year holidays. Copper is expected to consolid
Published 07 Feb, 2013 12:00am
Copper stays lower

Copper stays lower

Copper dipped in a second day of modest losses as the dollar strengthened and physical demand in China was sluggish ahead of the Lunar New Year holidays. The dollar index rose, making it more expensive for holders of other currencies to buy metals priced
Published 07 Feb, 2013 12:00am
Brent oil rises, US crude falls

Brent oil rises, US crude falls

Oil edged higher on Wednesday as Wall Street equities rebounded from early losses to trade flat, and Brent crude futures premium over West Texas Intermediate crude briefly above $20.00 a barrel due to an unexpected rise in US crude oil inventories.
Published 07 Feb, 2013 12:00am
India plans more gold import curbs

India plans more gold import curbs

India's central bank said Wednesday it will consider more steps to restrict gold imports and help stem the country's widening current account deficit. Gold purchases are one of the biggest contributors to the deficit in the current account, the broadest m
Published 07 Feb, 2013 12:00am
Corn futures drop

Corn futures drop

US corn futures dropped for a third straight session on Tuesday because of sluggish demand and expectations for wetter weather in world No 3 exporter Argentina. Soyabean prices rebounded from an earlier profit-taking slump on technical buying and some con
Published 07 Feb, 2013 12:00am
Palm oil futures down

Palm oil futures down

Malaysian palm oil futures inched lower on Wednesday in rangebound trading, as traders watched for further clues from upcoming industry data and avoided taking risky positions ahead of next week's Lunar New Year holidays. Concern that dry weather in South
Published 07 Feb, 2013 12:00am
Sugar and coffee and cocoa lower

Sugar and coffee and cocoa lower

Sugar, coffee and cocoa markets trading in both New York and London eased on Wednesday, with abundant supplies pressuring sugar and arabica, while cocoa followed the lower trend in other commodities, with position rolling on ICE boosting volume. The Thoms
Published 07 Feb, 2013 12:00am
Gold falls in New York

Gold falls in New York

Gold fell on Tuesday, retreating from an initial rally, as solid gains in US equities and an improving economic outlook weighed on the metal's safe-haven appeal. Palladium and platinum rose on better demand expectations after data showed the US services s
Published 07 Feb, 2013 12:00am
Platinum climbs in Asia

Platinum climbs in Asia

Platinum rose to its strongest level in four months on Wednesday and palladium held near its highest since September 2011 on growing hopes the global economy was on the mend, while gains in equities hurt gold's safe-haven appeal. Platinum hit a high of $1
Published 07 Feb, 2013 12:00am
Gold soars in Europe

Gold soars in Europe

Gold edged higher on Wednesday, recovering early losses, as stocks came under pressure from renewed concerns over the euro zone economy, and on caution ahead of a European Central Bank meeting later this week. Platinum and palladium held near 17-month hig
Published 07 Feb, 2013 12:00am
US MIDDAY: soyabean futures slip

US MIDDAY: soyabean futures slip

US soyabean futures slid on Wednesday, breaking a three-session rise, and corn fell for a fourth straight day on profit-taking ahead of a government crop report on Friday and as some weather forecasts suggested a wetter trend in Argentina next week. Wheat
Published 07 Feb, 2013 12:00am
Seminar calls for effective legislation to curb energy losses

Seminar calls for effective legislation to curb energy losses

Speakers at a seminar have emphasised on energy conservation and its efficient use to effectively deal with the crisis and called for significant legislation at the earliest to avoid growing energy losses in the country.
Published 07 Feb, 2013 12:00am
Chief minister Khyber Pakhtunkhwa praise role of police

Chief minister Khyber Pakhtunkhwa praise role of police

Chief Minister Khyber Pakhtunkhwa Amir Haider Khan said that the autonomy to police under Police Order 2002 will be maintained at any cost and efforts will be made for bringing furthermore improvement, which was the demand of the current circumstances. He
Published 07 Feb, 2013 12:00am
PM Benazir Bhutto's movement restricted to Islamabad: Khattak

PM Benazir Bhutto's movement restricted to Islamabad: Khattak

The Supreme Court on Wednesday issued directives to former Director General Intelligence Bureau (IB) Tariq Lodhi to submit a latest report within two days on alleged withdrawal of Rs 270 million from the bureau's secret funds to topple PML-N government in
Published 07 Feb, 2013 12:00am
Khyber Pakhtunkhwa doctors seek new service structure

Khyber Pakhtunkhwa doctors seek new service structure

The Malgari Doctoran Khyber Pakhtunkhwa has asked the provincial government to consult all relevant stakeholders before tabling of Essential Service Act at the assembly floor. Addressing at a news conference here at press club on Wednesday, President of t
Published 07 Feb, 2013 12:00am
Senior NAB investigators to get training in forensic science

Senior NAB investigators to get training in forensic science

The National Accountability Bureau (NAB) plans forensic training for its senior yet to be appointed investigators through an international agency, informed sources revealed to this correspondent. "NAB will appoint 350 investigators and would send some of
Published 07 Feb, 2013 12:00am
APCNGA rejects hike in tariff

APCNGA rejects hike in tariff

The All Pakistan CNG Association (APCNGA) on Wednesday rejected hike in the price of natural gas terming it worst victimisation of masses and industry. The upward revision in gas tariff to the tune of around Rs 10 per unit cannot be allowed under any circ
Published 07 Feb, 2013 12:00am
OIC Contact Group reaffirms support to Kashmir cause

OIC Contact Group reaffirms support to Kashmir cause

The Contact Group on Jammu and Kashmir of the Organisation of the Islamic Conference (OIC) reaffirmed the OIC's commitment and support of the Kashmiri struggle for their right to self determination, as enshrined in the UN Security Council resolutions. The
Published 07 Feb, 2013 12:00am
Condolence

Condolence

Dr Fehmida Mirza, Speaker and Faisal Karim Kundi, Deputy Speaker, National Assembly have condoled the death of Dr Mohammad Ali Shah, Advisor to CM Sindh.
Published 07 Feb, 2013 12:00am
SECP clarification

SECP clarification

The Securities & Exchange Commission of Pakistan (SECP) is committed to facilitating National Accountability Bureau (NAB) in its endeavours to eradicate corruption and corrupt practices from society. According to an official handout issued by the SECP her
Published 07 Feb, 2013 12:00am
Standard Chartered launches social media competition

Standard Chartered launches social media competition

Standard Chartered Bank launched a regional social media competition where fans stand a chance to win a limited edition signed Liverpool Football Club (LFC) shirt. The LFC shirt will have the 'Seeing is Believing' logo instead of the Standard Chartered lo
Published 07 Feb, 2013 12:00am
Sindh Assembly fondly remembers Dr Shah

Sindh Assembly fondly remembers Dr Shah

The Sindh Assembly on Wednesday paid tribute to Dr Muhammad Ali Shah, the provincial minister for sports who passed away recently, for his meritorious services. Dr Shah died on last Monday in the US. During the session called to mourn his death, lawmakers
Published 07 Feb, 2013 12:00am
Etihad Airways reports $42 million net profit in 2012

Etihad Airways reports $42 million net profit in 2012

Etihad Airways, the national carrier of the United Arab Emirates, on Wednesday reported net profit of $42 million in 2012, up 200 per cent on 2011 ($14 million) in a year, which saw strong improvements in revenues, passengers numbers and cost control, say
Published 07 Feb, 2013 12:00am
Etihad Airways reports $42 million net profit in 2012

Etihad Airways reports $42 million net profit in 2012

Etihad Airways, the national carrier of the United Arab Emirates, on Wednesday reported net profit of $42 million in 2012, up 200 per cent on 2011 ($14 million) in a year, which saw strong improvements in revenues, passengers numbers and cost control, say
Published 07 Feb, 2013 12:00am
Burj Bank goes live with iMAL Islamic Core Banking Solution

Burj Bank goes live with iMAL Islamic Core Banking Solution

Burj Bank Limited successfully went live with the iMAL Islamic Core Banking Solution, one of the most advanced Shari'ah compliant IT systems. iMAL is a new generation of comprehensive enterprise Islamic Banking and Investment System addressing the in-dept
Published 07 Feb, 2013 12:00am
German Consul-General visits KSE

German Consul-General visits KSE

Dr Tilo Klinner, the Consul General of the Federal Republic of Germany in Karachi, on Wednesday visited the Karachi Stock Exchange (KSE). During the visit, he told media persons that his government was trying to motivate German entrepreneurs to invest in
Published 07 Feb, 2013 12:00am
Death anniversary of Sufi Tabassum today

Death anniversary of Sufi Tabassum today

The 35th death anniversary of the great poet, Sufi Ghulam Mustafa Tabassum is being observed on Thursday (today). Sufi Tabassum was born in Amritsar on August 04, 1899. He was a great poet, critic and teacher.
Published 07 Feb, 2013 12:00am
Outgoing Chinese CG meets Qaim

Outgoing Chinese CG meets Qaim

The outgoing Consul General of Peoples Republic of China Zhang Jianxin called on Chief Minister Sindh Syed Qaim Ali Shah here at the CM's House on Wednesday. The Chief Minister appreciated the efforts and role of the Consul General saying that he worked f
Published 07 Feb, 2013 12:00am
Member Finance: PTA says he's resigned

Member Finance: PTA says he's resigned

Member Finance, Pakistan Telecom-munication Authority (PTA), Nasrul Kareem Ghaznavi, has said he has resigned on Wednesday. Well-placed sources told Business Recorder that Ghaznavi resigned due to immense pressure after Monday's incident at PTA hea
Published 07 Feb, 2013 12:00am
Hyderabad district: official speaks about uplift schemes

Hyderabad district: official speaks about uplift schemes

The Deputy Commissioner Hyderabad Agha Shahnawaz Babar has said that as many as 1,690 different development schemes were taken into hand by the District Administration Hyderabad at the total cost of Rs 3406.0268 million during last five years. He said tha
Published 07 Feb, 2013 12:00am
PTA DG accused of harassing Members

PTA DG accused of harassing Members

Pakistan Telecommunication Authority (PTA) members alleged that the authority's Director General (DG) was behind the attack on them on Monday last and that they had nominated him in an application filed by PTA officials for the registration of an FIR.
Published 07 Feb, 2013 12:00am
Sindh University to hire private security guards

Sindh University to hire private security guards

Sindh University (SU) vice chancellor Professor Dr Nazir A Mughal on Wednesday chaired a meeting of university officials in which decisions were taken to hire private security guards for making the university's environment more peaceful and start work on
Published 07 Feb, 2013 12:00am
The 'historic' perfomance

The 'historic' perfomance

Pakistan, a wonderful country of 180 million strong hardworking people, rich in natural and human resources, has been ruined by an incompetent lot of politicians, who were voted in the 2008 national elections to represent the impoverished, down-trodden an
Published 07 Feb, 2013 12:00am
Displaced Malians struggle to return home

Displaced Malians struggle to return home

Afiatu Guindo often wonders if she made the right decision when she brought her six children to share a one-room apartment in Mali's capital, Bamako, far from home. When she sleeps, surrounded by her children, she dreams of returning to Niafunke, the town
Published 07 Feb, 2013 12:00am
Fraud detection in business organisations

Fraud detection in business organisations

Fraud detection is a matter of identifying the people involved in the organisational process who can commit fraud and learning from people who have committed various types of fraud in the past. The question is how to think like a fraudster in the organisa
Published 07 Feb, 2013 12:00am
VIEWPOINT: Qadri, Qadeer and the media

VIEWPOINT: Qadri, Qadeer and the media

Tahirul Qadri who flew in from his home in Canada with the stated objective of saving this state from politicians and the unstated aim of derailing the democratic system by launching his January 14 subversive 'long march' and a sit-in but managed to barel
Published 07 Feb, 2013 12:00am
Regularising contract employees

Regularising contract employees

The government has requested all ministries/departments/autonomous corporations to regularise contractual employees ahead of the general election, according to a Business Recorder exclusive report. This measure, if implemented, is without doubt aga
Published 07 Feb, 2013 12:00am
We have to take Taliban's offer seriously

We have to take Taliban's offer seriously

The Tehreek-e-Taliban Pakistan's (TTP) latest offer of peace talks is not entirely out of the blue; the outfit makes such offers occasionally, perhaps to test the waters if the latest spate of its terrorist activities has strengthened its position in nego
Published 07 Feb, 2013 12:00am
Small irrigation dam to be built in Bajaur Agency

Small irrigation dam to be built in Bajaur Agency

A small irrigation dam will be constructed at a cost of Rs 198.183 million with a completion period of two years in Khar, Bajuar Agency. The project's initial feasibility was developed by Fata Development Authority, which is going to formally execute the
Published 07 Feb, 2013 12:00am
Bahria University holds BoG's meeting

Bahria University holds BoG's meeting

The meeting of the Board of Governors of Bahria University was held here on Wednesday. A detailed briefing was given on the spate of progress on various ongoing projects, with special reference to expansion of academic areas, new infrastructures, financia
Published 07 Feb, 2013 12:00am
MoP asked to conduct inquiry

MoP asked to conduct inquiry

A parliamentary body on Wednesday directed the high-ups of the Ministry of Petroleum to conduct an inquiry into the alleged violation of provincial quota regarding promotions/recruitments in Pakistan State Oil (PSO) and submit a report before the panel wi
Published 07 Feb, 2013 12:00am
Pakistan calls for Charter-based approach to reform UNSC

Pakistan calls for Charter-based approach to reform UNSC

Minister of State for Foreign Affairs Nawabzada Malik Ahmad Khan has called for democratic reform of the Security Council of the United Nations based on collective and co-operative approaches underpinning the UN Charter. The UN Charter which enunciates eq
Published 07 Feb, 2013 12:00am
Computer labs set up in 13 'Bacha Khan Schools'

Computer labs set up in 13 'Bacha Khan Schools'

The Department of Science and Information Technology (S&IT) Khyber Pakhtunkhwa established computer labs in 13 Bacha Khan Schools run under the auspices of Bacha Khan Trust Educational Foundation in Peshawar The Minister for Science and Technology Mohamma
Published 07 Feb, 2013 12:00am
Sherpao asks government to announce election date

Sherpao asks government to announce election date

Former Interior Minister Aftab Ahmed Khan Sherpao has said that if the government wanted to foil the conspiracies to delay polls then it should immediately announce the date for general elections. Talking to media persons in the Supreme Court premises on
Published 07 Feb, 2013 12:00am
Police asked to provide foolproof security to polio teams

Police asked to provide foolproof security to polio teams

Khyber Pakhtunkhwa government has directed police high ups and all district administrations concerned to provide foolproof security to polio teams of World Health Organisation (Who) during the ongoing anti-polio campaign in the province. The KPK Home and
Published 07 Feb, 2013 12:00am
Corrigendum

Corrigendum

Apropos the news item "Court relief helps textile industry avert collapse" which appeared in Business Recorder on 30th January 2013, it is clarified that the name of Tata Textile Mills Limited was incorrectly included in the above news item. The Ta
Published 07 Feb, 2013 12:00am
Government of Pakistan Market Treasury Bills

Government of Pakistan Market Treasury Bills

Tenders for Sale of 3-Months, 6-Months & 12-Months Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakistan, Karachi through Primary Dealers from February 04 to 06, 2013. Bids were opened at 11:30 hours on February 06, 2013
Published 07 Feb, 2013 12:00am
Government of Pakistan Market Treasury Bills

Government of Pakistan Market Treasury Bills

Tenders for Sale of 3-Months, 6-Months & 12-Months Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakistan, Karachi through Primary Dealers from February 04 to 06, 2013. Bids were opened at 11:30 hours on February 06, 2013
Published 07 Feb, 2013 12:00am
SSGCL clarifies position on unaccounted for gas

SSGCL clarifies position on unaccounted for gas

In response to a statement issued by OGRA maintaining that Unaccounted for Gas (UFG) occurring in the SSGCL system is twice the OGRA specified target of 4.5 percent, SSGCL has clarified for the information of all concerned that current actual UFG of its d
Published 07 Feb, 2013 12:00am
Punjab University issues schedule for BCom admission

Punjab University issues schedule for BCom admission

Punjab University Examinations Department has issued the schedule for submission of admission fee & forms for B.Com, Annual Exam 2013. According to the details, for regular candidates, the last date for submission of admission forms with single fee is 7 M
Published 07 Feb, 2013 12:00am
Tetra Pak sees 16 percent annual growth in next five years

Tetra Pak sees 16 percent annual growth in next five years

Tetra Pak sees tremendous potential for growth in Pakistan as its liquid packaged food industry (dairy and beverage) will grow on an average compound annual growth rate of 15 to 16 percent over the next five years. Pakistan is the 6th largest market in te
Published 07 Feb, 2013 12:00am
Tetra Pak sees 16 percent annual growth in next five years

Tetra Pak sees 16 percent annual growth in next five years

Tetra Pak sees tremendous potential for growth in Pakistan as its liquid packaged food industry (dairy and beverage) will grow on an average compound annual growth rate of 15 to 16 percent over the next five years. Pakistan is the 6th largest market in te
Published 07 Feb, 2013 12:00am
Kabeer Wasti joins PTI

Kabeer Wasti joins PTI

Syed Kabeer Awais Wasti, son of PML Senior Vice President Syed Kabeer Ali Wasti, and Syed Asad Mashadi, former president of Rawalpindi Chamber of Commerce and Industry, have joined Pakistan Tahrik-e-Insaf (PTI) here on Wednesday. They announced their join
Published 07 Feb, 2013 12:00am
Punjab reopens non-perennial canals

Punjab reopens non-perennial canals

Punjab reopened its closed non-perennial canals on Wednesday to use the increased water inflows in the four live rivers of the country to irrigate crops in their command areas following widespread three days rains across the province.
Published 07 Feb, 2013 12:00am
Adverse impact of gas suspension on industries reviewed

Adverse impact of gas suspension on industries reviewed

Two months continuous gas closure has opened flood gates of unemployment, affecting textile exports and inflicting financial loss to the national kitty coupled with unprecedented inflation and price hike in the country.
Published 07 Feb, 2013 12:00am
RBSP termed marvellous achievement

RBSP termed marvellous achievement

Rapid Bus Service Project is a marvelous achievement of the Punjab government that would not only cut the cost of doing business but would also help highlight the country as a good destination for investment. The Pakistan Industrial and Traders Associatio
Published 07 Feb, 2013 12:00am
Young doctors' hunger strike continues

Young doctors' hunger strike continues

On the call given by the Young Doctors Association (YDA) Punjab, young doctors on Wednesday continued the hunger strike on the third day leaving about nine protesting doctors unconscious who were shifted to emergency ward of Services Hospital. The young d
Published 07 Feb, 2013 12:00am
Ten suspected militants killed in Orakzai Agency

Ten suspected militants killed in Orakzai Agency

At least 10 suspected militants were killed and their hideouts destroyed after jet fighter planes pounded their positions in Orakzai Agency on Wednesday. According to sources, the jet fighter planes backed by forces targeted Arghanjo and Landay Qamar area
Published 07 Feb, 2013 12:00am
Rabi crops: AFP predicts around 2 million tons loss

Rabi crops: AFP predicts around 2 million tons loss

Agri Forum Pakistan (AFP) has predicted a loss of 1.5 million to 2 million tons in the production of Rabi crops including wheat, gram, canola, sunflower and others due to decrease in area under sowing. Decrease in area under sowing of different crops, les
Published 07 Feb, 2013 12:00am
Smeda holds training seminar on energy management system

Smeda holds training seminar on energy management system

Small and Medium Enterprises Development Authority (Smeda) held a training seminar on Energy Management System and Renewable Energy in Sarhad University of Science and Information Technology here on Wednesday. Manager, Smeda, Rashid Aman Khan was the chie
Published 07 Feb, 2013 12:00am
'Comprehensive breed improvement policy needed'

'Comprehensive breed improvement policy needed'

The Punjab Livestock Advisory Forum at a meeting at the University of Veterinary and Animal Sciences called for preparing a comprehensive breed improvement policy in the province. The meeting was co-chaired by Vice Chancellor Professor Dr Talat Naseer Pas
Published 07 Feb, 2013 12:00am
Increased drone attacks: PTI expresses concern over new US report

Increased drone attacks: PTI expresses concern over new US report

Pakistan Tehreek-e-Insaf (PTI) has on Wednesday expressed deep concern over the new report released by the White House over rendering drone strikes 'legal, ethical and wise'. The party also expressed its alarm at the continuing drone strikes and the conte
Published 07 Feb, 2013 12:00am
Five-year-old cars being imported through mis-declarations: Paapam

Five-year-old cars being imported through mis-declarations: Paapam

Pakistan Association of Automotive Parts and Accessories Manufactures (Paapam) has claimed that despite age restriction of 3 years, 5-year-old used cars are being imported through mis-declarations and manipulations of import documents.
Published 07 Feb, 2013 12:00am
Girl injured in cylinder blast

Girl injured in cylinder blast

A minor girl sustained injuries when a hydrogen cylinder went off in the residential area located in Mobina Town police limits on Wednesday. According to SHO Akhtar Latif, the incident took place at Lemo Goth where hydrogen cylinder of a balloon vendor Ra
Published 07 Feb, 2013 12:00am
KEDA urges government to take notice of rise in extortion cases

KEDA urges government to take notice of rise in extortion cases

The Karachi Electronic Dealers Association (KEDA) has urged the government to take notice of increasing incidents of extortion and firing in electron markets and adopt practical measures to save life and property of the citizens. President KEDA, Mohammad
Published 07 Feb, 2013 12:00am
FBR to issue STGO to streamline ST refund payments

FBR to issue STGO to streamline ST refund payments

With a major change in sales tax refund payment system, the Federal Board of Revenue (FBR) has decided to sanction sales tax refund claims relating to invoices of non-suspected/non-blacklisted suppliers in cases where any claimant has used invoices of bla
Published 07 Feb, 2013 12:00am
Bad engineering main reason behind RTAs: conference told

Bad engineering main reason behind RTAs: conference told

Improper road engineering and lack of public awareness about road safety among motorists are major factors contributing to the growing number of road traffic accidents (RTAs) in the country, speakers at the National Road Safety Conference agreed on Wednes
Published 07 Feb, 2013 12:00am
Prime Minister underscores need for changing thana culture

Prime Minister underscores need for changing thana culture

Prime Minister Raja Pervez Ashraf said that there was immediate need to change 'Thana Culture,' which not only casts a dark shadow on the performance of the state apparatus but also creates fear among the people. He made these remarks at the passing out p
Published 07 Feb, 2013 12:00am
Torturing PIA officer: MNA's son sent on 14-day judicial remand

Torturing PIA officer: MNA's son sent on 14-day judicial remand

A magistrate on Wednesday sent Norez Baloch, son of ruling PPP's MNA Sher Muhamamd Baloch, to jail on 14-day judicial remand. Norez was arrested for torturing a senior PIA officer on the airport late on Monday and creating a scene at the Jinnah Terminal.
Published 07 Feb, 2013 12:00am
PPP MPA submits adjournment motion against Malik

PPP MPA submits adjournment motion against Malik

A Pakistan People's Party's (PPP) minority member of Sindh Assembly has submitted an adjournment motion against Interior Minister Rehman Malik. Provincial lawmaker Saleem Khursheed Khokhar has filed the motion at the assembly secretariat against Rehman Ma
Published 07 Feb, 2013 12:00am
Holland wants to boost trade with Pakistan: diplomat

Holland wants to boost trade with Pakistan: diplomat

The Netherlands wanted to support trade, instead of aid and the country would support Pakistan gain broader market access to the European Union (EU) in the shape of GSP plus scheme provided Islamabad qualifies by fulfilling all pre-requisites, head of eco
Published 07 Feb, 2013 12:00am
Wapda workers hold demonstration, seek protection

Wapda workers hold demonstration, seek protection

Thousands of Water and Power Development Authority's (WAPDA) workers protested in front of Lahore Electric Supply Company (Lesco) head office here on Wednesday to press for their demands including protection for field staff. They demanded of the governmen
Published 07 Feb, 2013 12:00am
Two alleged bandits killed in encounter

Two alleged bandits killed in encounter

At least two alleged bandits were killed while a cop sustained injuries during police encounter in the limits of Nazimabad police station. According to SHO Sajid Javeed, police patrolling party intercepted two suspects riding on a bike near Gol Market are
Published 07 Feb, 2013 12:00am
Plight of PSM: Parliamentary body to quiz top government officials today

Plight of PSM: Parliamentary body to quiz top government officials today

Senate Standing Committee on Industries and Production is to quiz top officials of both Ministries and Pakistan Steel Mills (PSM) on Thursday (today) about financial irregularities during the last five years. The mill is facing a financial loss of Rs 84 b
Published 07 Feb, 2013 12:00am
PML-N flays PTI demand over ECP

PML-N flays PTI demand over ECP

Pakistan Muslim League-Nawaz (PML-N) on Wednesday declared that acts like challenging the Election Commission of Pakistan (ECP) are part of conspiracies aimed at postponing the general elections in the country. Reacting to reservations expressed by Pakist
Published 07 Feb, 2013 12:00am
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