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Dec 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-02-14
Pentagon and Navy lift flight restrictions on F-35B jets

Pentagon and Navy lift flight restrictions on F-35B jets

The Pentagon and the US Navy have lifted flight restrictions on the Marine Corps version of the F-35 fighter jet, clearing the way for testing and training flights to resume after a nearly month-long grounding, according to Colonel Kevin Killea, who overs
Published 14 Feb, 2013 12:00am
Europol, Spanish police bust global cybercrime ring

Europol, Spanish police bust global cybercrime ring

Spanish police and Europol, the European Union's police co-ordination agency, have busted a global cybercrime operation that infected millions of computers, a source in the investigation told AFP. The network used malicious software to block computers and
Published 14 Feb, 2013 12:00am
New York cotton sinks from nine-month high

New York cotton sinks from nine-month high

Cotton fell from a nine-month high in heavy trading on Tuesday as certified stocks continued to climb and profit-taking and a strong US dollar added to the downward pressure. The benchmark May cotton contract on ICE Futures US slid 0.82 cent, or 0.98 perc
Published 14 Feb, 2013 12:00am
Copper dips on dollar, Chinese demand eyed

Copper dips on dollar, Chinese demand eyed

Copper prices dipped on Wednesday as the euro fell against the dollar and US retail data disappointed investors, but losses were limited by prospects that demand from top consumer China will start picking up after a week-long holiday. Benchmark three-mont
Published 14 Feb, 2013 12:00am
Citi sees end to US Gulf Coast sweet crude imports in 2013

Citi sees end to US Gulf Coast sweet crude imports in 2013

Soaring oil production in the United States may lead the Gulf Coast to end sweet crude imports by the second half of this year, marking the start of a fundamental shift in global oil supply routes, Citigroup said in a report issued on Wednesday.
Published 14 Feb, 2013 12:00am
Brent firm near $119, US crude stocks rise

Brent firm near $119, US crude stocks rise

Brent crude oil prices rose slightly on Wednesday to close near $119 a barrel and remain close to a nine-month high, though gains were capped by a rise in US crude oil inventories and as the International Energy Agency (IEA) trimmed its demand outlook. Th
Published 14 Feb, 2013 12:00am
Tokyo rubber futures higher

Tokyo rubber futures higher

Tokyo rubber futures ended slightly higher on Wednesday, but the upside was still limited as investors were reluctant to take positions as the yen was volatile, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for July delivery
Published 14 Feb, 2013 12:00am
Wheat falls to seven-month low

Wheat falls to seven-month low

Chicago wheat prices fell to a seven-month low on Tuesday after much-needed precipitation provided some moisture to the drought-stricken winter-wheat growing area of the United States. Corn also slipped, extending its losing streak to the longest since mi
Published 14 Feb, 2013 12:00am
Palm oil drops

Palm oil drops

Malaysian palm oil futures fell to a two-week low on Wednesday in light trade after a long holiday weekend, with traders staying cautious as industry data showed stocks remained high despite coming off record levels. Data from the Malaysian Palm Oil Board
Published 14 Feb, 2013 12:00am
ICE coffee hits new 2-1/2-year low

ICE coffee hits new 2-1/2-year low

ICE arabica coffee futures hit fresh 2-1/2-year lows on Wednesday on plentiful supplies, while raw sugar rose on a flurry of short covering even as the market struggled to absorb excess supplies. Breaking a three-day losing streak, New York cocoa recovere
Published 14 Feb, 2013 12:00am
Gold flat in New York

Gold flat in New York

Gold rebounded from a six-week low to trade flat on Tuesday as the dollar fell, while palladium hit 17-month highs after funds chased up prices of the jewellery - and autocatalytic - making metal deemed to be in short supply. The spot price of gold, which
Published 14 Feb, 2013 12:00am
Palladium hits 17-monthpeak in Asia

Palladium hits 17-monthpeak in Asia

Palladium rose to its strongest in 17 months on Wednesday due to a robust outlook for demand and concerns over supply, while gold inched down, although purchases by jewellers after the Lunar New Year break limited losses. Spot palladium also got a boost f
Published 14 Feb, 2013 12:00am
Gold slips in Europe

Gold slips in Europe

Gold slipped below $1,650 an ounce in thin trading on Wednesday as investors kept to the sidelines ahead of a G20 meeting later this week, which is expected to give clues on currency policy. China's week-long Lunar New Year holiday also curbed trade. Spot
Published 14 Feb, 2013 12:00am
US MIDDAY: corn and soya down

US MIDDAY: corn and soya down

Improving weather for South American corn and soyabeans and US wheat pressured prices of all three crops early on Wednesday, driving Chicago wheat futures to a seven-month low before they firmed in choppy trading. Corn was on course for a ninth straight d
Published 14 Feb, 2013 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold fell below $1,650 an ounce on Wednesday after data showed disappointingly small growth in US retail sales in January, while some investors stayed at the sidelines ahead of a G20 meeting later this week, which is expected to set the tone for the gold
Published 14 Feb, 2013 12:00am
Keenjhar Lake faces threat

Keenjhar Lake faces threat

Divisional Commissioner Hyderabad, Ahmed Bux Narejo, has directed the administration concerned to stop the inflow of industrial waste into K B feeder and to functionalism the water treatment plant installed by the government for the industrial waste of Ko
Published 14 Feb, 2013 12:00am
Supply chain capacity development initiative launched

Supply chain capacity development initiative launched

The Supply Chain Capacity Development Initiative (SCCDi) has been launched in Karachi to raise the bar for quality of supply chain training in Pakistan. SCCDi is a professional training and consultancy firm focused on Supply Chain Management and allied su
Published 14 Feb, 2013 12:00am
Fire Brigade: KMC to make bylaws

Fire Brigade: KMC to make bylaws

Karachi Metropolitan Corporation (KMC) is making bylaws of fire brigade which will soon be enforced in the city. This was said by KMC Administrator Muhammad Hussain Syed in a meeting of municipal services department of KMC, here on Wednesday. In the meeti
Published 14 Feb, 2013 12:00am
Steps proposed to control dumping of hazardous plastic scrap

Steps proposed to control dumping of hazardous plastic scrap

The Trade Policy Framework recently unveiled by the government has finally proposed measures to control dumping of hazardous plastic scrap in the country. Though the Ministry of Commerce has done good work by proposing some important measures to control t
Published 14 Feb, 2013 12:00am
Pirzada, others visit book fair

Pirzada, others visit book fair

Ex vice chancellor of University of Karachi professor Dr Pirzada Qasim Siddiqui, JI Sindh chief Dr Mirajul Huda Siddqui and former justice Saeed-u-Zaman Siddiqui visited the book fair at the varsity, which entered second day on Wednesday. Speakers lauded
Published 14 Feb, 2013 12:00am
ACCA certificate distribution ceremony on February 15

ACCA certificate distribution ceremony on February 15

ACCA has set a legacy of producing qualified professionals with strategic skills, knowledge and professional values. In order to acknowledge the magnificent results of global and national high achievers, ACCA Pakistan is honoured to do a ceremony of certi
Published 14 Feb, 2013 12:00am
Government criticised for not implementing court verdicts

Government criticised for not implementing court verdicts

Chief Justice Sindh High Court (SHC) Justice Mushir Alam has said that after the judges' restoration movement the government had a golden chance to change the fate of country through revolution. Addressing members of Hyderabad Bar Association here on Wedn
Published 14 Feb, 2013 12:00am
Nokia launches Lumia Windows Phone 8 range

Nokia launches Lumia Windows Phone 8 range

Nokia Pakistan introduced the highly anticipated Lumia range powered by Windows Phone 8 in the country on Wednesday. The device portfolio which was unveiled here consists of flagship device Nokia Lumia 920, Nokia Lumia 820 and Nokia Lumia 620. With the la
Published 14 Feb, 2013 12:00am
Woman among six killed in Karachi

Woman among six killed in Karachi

Six persons including a woman and a minor boy were killed in separate incidents of violence at various parts of the metropolis, here on Wednesday. According to police and rescue sources, unidentified armed men targeted a vegetable commission agent in New
Published 14 Feb, 2013 12:00am
Notices issued to absent lady doctors

Notices issued to absent lady doctors

Secretary Health Government of Balochistan Naseebullah Bazai issued notices to the lady doctors absent from their duties and expressed annoyance over the poor hygienic condition in the Civil Hospital Quetta. Secretary health accompanied by Medical Superin
Published 14 Feb, 2013 12:00am
JUI-F for removing fake entries from voter lists

JUI-F for removing fake entries from voter lists

Jamiat Ulema-e-Islam (Nazriati) on Wednesday demanded for correction of voter lists of Killa Abdullah district to avoid rigging in the forthcoming general polls. Addressing a press conference here, JUI-F central leader Maulvi Mohammad Hanif alleged that s
Published 14 Feb, 2013 12:00am
94 percent banks' branches offering RTOB services: SBP

94 percent banks' branches offering RTOB services: SBP

Ninety-four percent of banks' branches in Pakistan are now offering Real-Time Online Branches (RTOB) services as 484 more branches were added to the RTOB network during the second quarter of the current fiscal year (FY13), says the State Bank of Pakistan'
Published 14 Feb, 2013 12:00am
PSCC holds 25th passing-out parade

PSCC holds 25th passing-out parade

Pakistan Steel Cadet College (PSCC) is cultivating valuable qualities including discipline patience and commitment in the new generation along with education. While addressing the PSCC annual Passing Out ceremony, CEO Pakistan Steel Major General Muhammad
Published 14 Feb, 2013 12:00am
SHC tells PCCC to pay ad hoc allowance in two weeks

SHC tells PCCC to pay ad hoc allowance in two weeks

The Sindh High Court (SHC) has directed the Pakistan Central Cotton Committee (PCCC) to process the payment of monthly emoluments as 20 percent ad hoc relief allowance to its employees within two weeks.
Published 14 Feb, 2013 12:00am
'Ethnic bias': role of TV channel criticised

'Ethnic bias': role of TV channel criticised

A provincial lawmaker of Pakistan Peoples Party (PPP), Rafiq Engineer on Wednesday demanded of the government to ban a private news channel for hurting the feelings of people of Lyari with "racial offence". Speaking on the floor of the house during the Si
Published 14 Feb, 2013 12:00am
PTCL posts Rs 1.69 per share earning

PTCL posts Rs 1.69 per share earning

Pakistan Telecom Company Limited (PTCL) has announced its financial result for the quarter ending December 2012 on Wednesday. According to a notification (announcement) sent to Karachi Stock Exchange (KSE), the company posted unconsolidated earning per sh
Published 14 Feb, 2013 12:00am
PTCL posts Rs 1.69 per share earning

PTCL posts Rs 1.69 per share earning

Pakistan Telecom Company Limited (PTCL) has announced its financial result for the quarter ending December 2012 on Wednesday. According to a notification (announcement) sent to Karachi Stock Exchange (KSE), the company posted unconsolidated earning per sh
Published 14 Feb, 2013 12:00am
Bus-trailer crash leaves eight dead near Sahiwal

Bus-trailer crash leaves eight dead near Sahiwal

At least eight people lost their lives on Wednesday in a deadly road accident near Sahiwal town of Punjab. Police and rescue officials said a Raiwind-bound bus, coming from Multan, collided head on with a trailer at G.T road near Sahiwal town, located bet
Published 14 Feb, 2013 12:00am
Ability test for 19 auditors scheduled by Khyber Pakhtunkhwa PSC

Ability test for 19 auditors scheduled by Khyber Pakhtunkhwa PSC

Khyber Pakhtunkhwa Public Service Commission (PSC) Peshawar has scheduled ability tests for 19 Auditors in Local Fund Audit (BS-14) (both sexes) in Finance Department on 18-2-2013 where for 4 male Head Clerk/Assistant Head Clerk/Assistant (BS-14) in Techn
Published 14 Feb, 2013 12:00am
New WeBOC system launched at Bacha Khan Airport

New WeBOC system launched at Bacha Khan Airport

The Pakistan Customs has launched a new system of Computerised Customs Clearance titled 'WeBOC' here at Bacha Khan International Airport. The system was formally inaugurated by a Member Customs, Federal Board of Revenue, Mohammad Riaz in a simple ceremony
Published 14 Feb, 2013 12:00am
Bid summary for auction of Pakistan Investment Bonds

Bid summary for auction of Pakistan Investment Bonds

Auction of Pakistan Investment Bonds for 3, 5, 10, and 20 years maturity was held on February 13, 2013 with coupon rates as 11.25 percent, 11.50 percent, 12.00 percent, and 13.00 percent for 3, 5, 10 and 20 years maturity respectively and settlement date
Published 14 Feb, 2013 12:00am
Bid summary for auction of Pakistan Investment Bonds

Bid summary for auction of Pakistan Investment Bonds

Auction of Pakistan Investment Bonds for 3, 5, 10, and 20 years maturity was held on February 13, 2013 with coupon rates as 11.25 percent, 11.50 percent, 12.00 percent, and 13.00 percent for 3, 5, 10 and 20 years maturity respectively and settlement date
Published 14 Feb, 2013 12:00am
Iranian speaker arrives in Lahore

Iranian speaker arrives in Lahore

Iran's Parliament Speaker Dr Ali Larijani arrived in Lahore from Islamabad on Wednesday. At the Allama Iqbal International Airport, Punjab Assembly Speaker Rana Mohammad Iqbal Khan received him, who attended the first conference of the Parliamentary Assem
Published 14 Feb, 2013 12:00am
NBP refuses to extend Rs three billion L/C facility to PSM

NBP refuses to extend Rs three billion L/C facility to PSM

National Bank of Pakistan has refused to extend Rs 3 billion Letter of Credit (L/C) facility to Pakistan Steel Mills (PSM) saying that the latter is unlikely to arrange funds to retire facility. According to the NBP, PSM's working capital lines comprised
Published 14 Feb, 2013 12:00am
Khyber Pakhtunkhwa governor distributes certificates to KITE students

Khyber Pakhtunkhwa governor distributes certificates to KITE students

The Khyber Pakthunkhwa Governor Engr. Shaukatullah Khan here on Wednesday distributed certificates to 174 students after successful completion of their education and vocational training in 9 different technical courses here at Khyber Institute for Technic
Published 14 Feb, 2013 12:00am
MD Pak Suzuki Motors meets deputy Prime Minister

MD Pak Suzuki Motors meets deputy Prime Minister

Deputy Prime Minister Chaudhry Parvaiz Elahi has asked automobile manufacturers to give preference to production of cheap and quality cars. He said this while talking to Pak Suzuki Motors Managing Director Hiro Fumi Nagao, who accompanied by Ajmal Sharif
Published 14 Feb, 2013 12:00am
'PML-N will foil any attempt to delay elections'

'PML-N will foil any attempt to delay elections'

Pakistan Muslim League-Nawaz, Khyber Pakhtunkhwa President Pir Sabir Shah has expressed fear that any unconstitutional and anti-democratic move to delay general elections would result to disintegrate the country, adding his party would foil any such attem
Published 14 Feb, 2013 12:00am
Curbing violence in Balochistan: spy agencies urged to share information

Curbing violence in Balochistan: spy agencies urged to share information

The special committee on the law and order situation in Balochistan has recommended that all federal intelligence agencies should share information with the provincial government to curb violence and terrorism in the province The committee also recommende
Published 14 Feb, 2013 12:00am
LDA to auction shops today

LDA to auction shops today

Auction of 23 shops of at Cricket Stadium, Sabzazar, will be held on Thursday (today) at 10am at LDA Community Centre, 239-A New Muslim Town. Each of these shops measure 180 square feet. LDA has already established a site and deputed two officers there, f
Published 14 Feb, 2013 12:00am
Kashmiri students protest against Guru's hanging

Kashmiri students protest against Guru's hanging

The Kashmiri students studying in various Indian colleges and universities of Delhi, Hyderabad, Aligarh, Chennai, Pune, Bangalore, Kozhikode and Kolkata staged protest against hanging of Afzal Guru and demanded Azaadi (freedom) from Indian bondage.
Published 14 Feb, 2013 12:00am
APC to create positive, long-lasting impact: Hoti

APC to create positive, long-lasting impact: Hoti

Chief Minister Khyber Pakhtunkhwa Amir Haider Khan Hoti has said that All Parties Conference (APC) convened by ANP in federal capital Islamabad will create positive and long-lasting impact against terrorism.
Published 14 Feb, 2013 12:00am
Drug smuggling bid

Drug smuggling bid

Pakistan Customs Drug Enforcement Cell at Jinnah International Airport foiled an attempt to smuggle 4.5kg contraband heroin. According to details, the Customs Drug Enforcement Cell's staff recovered and seized 4.5kg of heroin powder, which was concealed i
Published 14 Feb, 2013 12:00am
Experts for conserving energy

Experts for conserving energy

Experts on energy have urged industry and domestic consumers for maximum energy savings, which they attributed as only way out from the prevailing energy crisis in the country. The views were expressed by energy experts while addressing a seminar organise
Published 14 Feb, 2013 12:00am
150 suspects held

150 suspects held

Law Enforce-ment Agencies (LEAs) on Wednesday claimed to have arrested 150 suspects including eight wanted criminals in separate raids and recovered huge cache of arms. The lEAs during five encounters and several raids arrested some 150 suspected criminal
Published 14 Feb, 2013 12:00am
Afghan refugees' camp in Peshawar declared illegal

Afghan refugees' camp in Peshawar declared illegal

District administration Peshawar has declared Afghan Refugees' Camp established in the graveyard of Tehkal as illegal and directed the occupants of the land to demolished their encroachments before February 19 and hand it over to administration.
Published 14 Feb, 2013 12:00am
ACCA organises students' appreciation event

ACCA organises students' appreciation event

ACCA Islamabad organised a students' appreciation event title 'Celebrating Achievement' here to honour the nine high achievers of December 2011 and June 2012 sessions, says a press release issued on Wednesday. Dr Javaid Leghari, Chairperson Higher Educati
Published 14 Feb, 2013 12:00am
Three traders killed in Afghan landmine blast

Three traders killed in Afghan landmine blast

Three Pakistani traders were killed when their vehicle struck a roadside landmine here on Wednesday. According to Afghan officials, three Pakistani traders were heading towards Trade Centre when their car struck a landmine in Spain Boldak district near Pa
Published 14 Feb, 2013 12:00am
UBL, Indus Motor Company join hands

UBL, Indus Motor Company join hands

United Bank Limited (UBL), Indus Motor Company (IMC) and UBL Insurers recently entered into an alliance offering an exclusive financing deal on all Toyota cars. This alliance provides an exciting offer to customers and dealers and includes attractive term
Published 14 Feb, 2013 12:00am
Ministry finalises draft of Food & Nutritional Security Policy

Ministry finalises draft of Food & Nutritional Security Policy

The Ministry of National Food Security and Research (NFS&R) has finalised the draft of National Food and Nutritional Security Policy (NF&NSP) aimed at countering widespread food insecurity in the country. The main objective of the policy is to reduce the
Published 14 Feb, 2013 12:00am
Qadri's petition

Qadri's petition

As reported in the media, during the course of hearing of Dr Tahirul Qadri's petition, on February 12 and 13, relative to legitimacy in the matter of formation and composition of the Election Commission, under constitutional provisions, Dr Qadri was sever
Published 14 Feb, 2013 12:00am
Romanians also duped by horse meat mafia

Romanians also duped by horse meat mafia

It is hard to believe that the picturesque Romanian village of Homocea with its vibrant yellow, pink and sky-blue houses and situated at the base of the Carpathian Mountains is probably best known for the illegal trade in horse meat.
Published 14 Feb, 2013 12:00am
Ethical banking and corporate governance

Ethical banking and corporate governance

The number of ethical questions that the banking industry faces is many and multi-faceted, but in broad brush strokes, any financial institution that acts ethically must take into consideration those questions that twenty first century globalisation, soci
Published 14 Feb, 2013 12:00am
VIEWPOINT: Guru's hanging

VIEWPOINT: Guru's hanging

The manner in which the Kashmiri 'militant' Afzal Guru was tried and secretly hanged in New Delhi's Tihar Jail on Saturday morning and buried in the jail premises unknown to his family says a lot about the rule of law in the world's largest democracy as w
Published 14 Feb, 2013 12:00am
Qadri must accept verdict

Qadri must accept verdict

On the face of it the last big hurdle to the general election has been crossed, in that the Supreme Court has rejected Dr Tahirul Qadri's petition through which he had sought apex court's direction to reconstitute Election Commission of Pakistan (ECP). Of
Published 14 Feb, 2013 12:00am
Inflation: what needs to be done

Inflation: what needs to be done

Prices of most of the kitchen items remained stable this week past, according to a survey conducted by Business Recorder. This data would, no doubt, be welcomed by the people as well as the government. The specific items that registered stable pric
Published 14 Feb, 2013 12:00am
Joins hands with Jamaat-i-Islami: Dr Qadeer gets rousing welcome

Joins hands with Jamaat-i-Islami: Dr Qadeer gets rousing welcome

Nuclear scientist Dr Abdul Qadeer Khan said, here on Wednesday that he had decided to join hands with the Jamaat-i-Islami for building the country a truly Islamic, welfare state and to free it from the cruel clutches of corrupt people. He was addressing a
Published 14 Feb, 2013 12:00am
Rs 254.26 million disbursed among 12,698 flood-hit families

Rs 254.26 million disbursed among 12,698 flood-hit families

The Punjab government has so far distributed an amount of Rs 254.26 million among 12,698 flood affected families under "Khadim-e-Aala Relief Card" worth Rs 20,000 each. Director General Provincial Disaster Management Authority, Mujahid Sherdil said here o
Published 14 Feb, 2013 12:00am
Government urged to cut non-developmental expenditures

Government urged to cut non-developmental expenditures

Agri Forum Pakistan (AFP) Chairman Muhammad Ibrahim Mughal has urged the government to make efforts to get rid of 25 billion dollar trade deficit for ensuring permanent liberation from the clutches of International Monetary Fund (IMF). Talking to media pe
Published 14 Feb, 2013 12:00am
Dr AQ Khan meets Nawaz

Dr AQ Khan meets Nawaz

Tehreek Tehffuz-e-Pakistan (TTP) Head Dr Abdul Qadeer Khan met PML-N President Mian Nawaz Sharif at his Raiwind residence on Wednesday to condole with him over sad demise of his brother Mian Abbas Sharif. Dr Khan remained there for some time and also offe
Published 14 Feb, 2013 12:00am
NSF demands restoration of students' unions

NSF demands restoration of students' unions

Students provide strength to the fragile democracies and their new ideas play major role in any socio-political change. But in Pakistan students have been refrained from the struggle for socio-political change since February 1984's ban on students' unions
Published 14 Feb, 2013 12:00am
UK to continue support for granting GSP Plus to Pakistan

UK to continue support for granting GSP Plus to Pakistan

United Kingdom will continue its support for grant of Generalised System of Preferences (GSP) Plus to Pakistan from European Union, better political relations promote trade, said Alison McEwen, Head of Bilateral Team for Pakistan, British Foreign & Common
Published 14 Feb, 2013 12:00am
'Pakistan Post provides modern services to people at doorstep'

'Pakistan Post provides modern services to people at doorstep'

Postmaster General Central Punjab Robina Tayyab has said that Pakistan Post (PP) has focused its special attention on the provision modern services to the people to their doorstep. In an interview with Business Recorder she said Pakistan Post was o
Published 14 Feb, 2013 12:00am
Young doctors hold rally

Young doctors hold rally

On the call given by the Young Doctors Association (YDA) Punjab, young doctors accompanied by activists of different political parties including PPP and PTI took out a rally from the Services Hospital to the Governor House on Wednesday to press the govern
Published 14 Feb, 2013 12:00am
Health research moot at KMU tomorrow

Health research moot at KMU tomorrow

The Khyber Medical University (KMU) is going to hold a three-day "Health Research Conference" from Friday. Addressing at press conference at Press Club on Wednesday, the director Office Research and Communication (ORIC), Dr Mukhtar Zaman said that the ann
Published 14 Feb, 2013 12:00am
NICVD told to convene BoG meeting within 14 days

NICVD told to convene BoG meeting within 14 days

Senate Standing Committee on National Regulation and Services on Wednesday directed National Institute of Cardiovascular Diseases (NICVD), Karachi, to convene the meeting of its Board of Governor (BoG) within 14 days with an objective to discuss all the c
Published 14 Feb, 2013 12:00am
MCC Gwadar foils attempt to smuggle 24 falcons to UAE

MCC Gwadar foils attempt to smuggle 24 falcons to UAE

Customs Marine Section of Model Customs Collectorate (MCC) Gwadar has foiled a major attempt to smuggle 24 falcons worth millions of rupees to UAE. Sources told Business Recorder on Monday that seizure of 24 falcons was unprecedented, as such a lar
Published 14 Feb, 2013 12:00am
UBL launches Pakistan's first open-end Gold Fund

UBL launches Pakistan's first open-end Gold Fund

After an array of products and plans to suit everyone, UBL Funds has yet again taken the pioneer position in the financial industry by launching Pakistan's first open-end Gold Fund, namely UBL Gold Fund. This fund aims to offer its investors the benefit o
Published 14 Feb, 2013 12:00am
UBL launches Pakistan's first open-end Gold Fund

UBL launches Pakistan's first open-end Gold Fund

After an array of products and plans to suit everyone, UBL Funds has yet again taken the pioneer position in the financial industry by launching Pakistan's first open-end Gold Fund, namely UBL Gold Fund. This fund aims to offer its investors the benefit o
Published 14 Feb, 2013 12:00am
APAT asks BoI to set target at $10 billion

APAT asks BoI to set target at $10 billion

Taking strong exception of the new investment policy of the government, setting target of $5.5 billion's Foreign Direct Investment during the next five years. All Pakistan Anjuman-e-Tajiran (APAT) central general secretary Naeem Mir has said the Board of
Published 14 Feb, 2013 12:00am
Textile exporters demand withdrawal of recent hike in water tariff

Textile exporters demand withdrawal of recent hike in water tariff

Textile exporters have demanded immediate withdrawal of recent hike in water tariff by 9.5 percent for industrial consumers. They alleged that Karachi Water and Sewerage Board (KW&SB) has increased water tariff without consultation of the stakeholders.
Published 14 Feb, 2013 12:00am
Avanza Solutions opens office in Lahore

Avanza Solutions opens office in Lahore

Being one of the fastest growing IT companies in the region, Avanza Solutions has now also opened an office in Lahore, after successfully establishing operations in Dubai and Karachi. Employing over 200 employees and serving a cross-section of industries,
Published 14 Feb, 2013 12:00am
Exhibition of art books, periodicals from Pakistan opens in India

Exhibition of art books, periodicals from Pakistan opens in India

This is the first such exhibition on the subject to be held in India, and it has been jointly sponsored by the IIC and the Fomma Trust. It comprises more than 70 art publications made available by some of the leading art publishers in Pakistan.
Published 14 Feb, 2013 12:00am
The Weather

The Weather

The weather report on Wednesday (February 13, 2013) and the forecast for Thursday (February 14, 2013).

Published 14 Feb, 2013 12:00am
Punjab university's IAS annual dinner today

Punjab university's IAS annual dinner today

Punjab University Institute of Agricultural Sciences (IAS) will organise its annual dinner on Thursday (today) at 6:30pm at its lawns. PU VC Professor Dr Mujahid Kamran, Chairman BOD Zarai Taraqiati Bank, Sultan Ali Chaudhry, Director IAS, Professor Dr Mu
Published 14 Feb, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 13, 2013).

Published 14 Feb, 2013 12:00am
CNG crisis worsens: billions of rupees investment at stake

CNG crisis worsens: billions of rupees investment at stake

Deepening Compressed Natural Gas (CNG) crisis and frequent closures of CNG stations had adversely affected the business of converting vehicles from petrol to CNG. Vendors said that the worsening CNG crisis appeared to intensify with every passing day and
Published 14 Feb, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 13, 2013).

Published 14 Feb, 2013 12:00am
Sindh government initiates budget-making process

Sindh government initiates budget-making process

The Sindh government initiated the budget-making process by issuing 'Budget Call Circular' for 2013-14, sources told Business Recorder on Wednesday. The provincial finance department has issued the circular to all its administrative departments, or
Published 14 Feb, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (February 13, 2013) and for Thursday (February 14, 2013).
Published 14 Feb, 2013 12:00am
Dry flower, poster competition held at GCU

Dry flower, poster competition held at GCU

The academic calendar of Government College University (GCU) Lahore ensures widespread participation of its students in creative and extra-curricular activities which are essential for their character-building, said Vice Chancellor Professor Dr Muhammad K
Published 14 Feb, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 13, 2013).

Published 14 Feb, 2013 12:00am
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