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Print - 2013-03-23
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold fell on Friday as investors took profits a day after the precious metal hit a one-month high, and safe-haven buying dried up as a deal between Greece and Cyprus eased fears of an escalating euro zone debt crisis.
Published 23 Mar, 2013 12:00am
Salinity to affect 20 percent irrigated area: report

Salinity to affect 20 percent irrigated area: report

Salinity is estimated to affect 20 percent irrigated area of Pakistan, ultimately making land production less, reveals the Asian Water Development outlook 2013. The report states that there are signs of growing water scarcity and environmental stress in l
Published 23 Mar, 2013 12:00am
Size of cabinet to be sole prerogative of caretaker Prime Minister: Naek

Size of cabinet to be sole prerogative of caretaker Prime Minister: Naek

The selection and size of the cabinet was the sole prerogative of the caretaker Prime Minister as per the Constitution and the President and political parties would have no role in that regard, said former Law Minister Farooq H Naek here on Friday. Naek s
Published 23 Mar, 2013 12:00am
Peshawar university launches project to measure pollution

Peshawar university launches project to measure pollution

The Institute of Chemical Sciences (ICS) Peshawar University launched a project to measure Mercury pollution in the air. The joint research project, started in collaboration with Islamabad based Sustainable Development Policy Institute (SDPI) intend to me
Published 23 Mar, 2013 12:00am
Speakers for construction of dams to meet irrigation, energy needs

Speakers for construction of dams to meet irrigation, energy needs

To mark the World Water Day, different organisations, public and private sector entities held seminars and special function to highlight significance of rich water reservoirs in the country. The Department of Water Management, Khyber-Pakhtunkhwa Universit
Published 23 Mar, 2013 12:00am
CDA converting green belt into residential area despite stay order

CDA converting green belt into residential area despite stay order

Without giving any heed to a stay order issued by Islamabad High Court (IHC), Capital Development Authority (CDA) is going ahead with its plan to convert a green belt into residential area in sector I-10/4. Work is going as the civic body is busy in conve
Published 23 Mar, 2013 12:00am
Officers asked to complete Expo Centre Hyderabad shortly

Officers asked to complete Expo Centre Hyderabad shortly

The Divisional Commissioner Hyderabad Jamal Mustafa Syed has directed the officers concerned to provide all lacking facilities and make the Expo Centre Hyderabad more attractive and functional within shortest possible time. This he directed while visiting
Published 23 Mar, 2013 12:00am
Civil society protests against attack on IDPs camp

Civil society protests against attack on IDPs camp

Activists of civil society organisation on Friday staged a protest demonstration here outside Press Club against the yesterday's attack at IDPs camp in district Nowshera demanding a compensation package for affected families. Led by representatives of Pak
Published 23 Mar, 2013 12:00am
Earth Hour being commemorated today

Earth Hour being commemorated today

Earth Hour provides an opportunity to the responsible organisations to think again on ways to reduce the environmental footprint by taking proactive steps to save our planet. Engro believes in training the employees and public at large for their responsib
Published 23 Mar, 2013 12:00am
Government urged to take notice of dilapidated Jam Sadiq Bridge

Government urged to take notice of dilapidated Jam Sadiq Bridge

Chairman, Korangi Association of Trade and Industry (Kati), Mohammad Zubair Chhaya has urged the government to take notice of the serious condition of Jam Sadiq Bridge and direct the concerned department to initiate its reconstruction work on war footing.
Published 23 Mar, 2013 12:00am
Jubilee Life wins 'Putting The Consumers First' award

Jubilee Life wins 'Putting The Consumers First' award

Jubilee Life, one of the fastest growing life insurance companies in Pakistan, won the "Putting the Consumers First" award for Corporate Social Responsibility (CSR) at the 7th National Awards ceremony organised by HelpLine Trust at a local hotel in Karach
Published 23 Mar, 2013 12:00am
SBP invites tender for sale of three-year GIS

SBP invites tender for sale of three-year GIS

A target of Rs 43 billion has been set for auction of Ijara Sukuk during the third quarter of current fiscal year (2012-2013). Tender for Sale of 3-Year Government of Pakistan Ijara Sukuk (GIS) has been invited by the Director, Domestic Markets & Monetary
Published 23 Mar, 2013 12:00am
SBP invites tender for sale of three-year GIS

SBP invites tender for sale of three-year GIS

A target of Rs 43 billion has been set for auction of Ijara Sukuk during the third quarter of current fiscal year (2012-2013). Tender for Sale of 3-Year Government of Pakistan Ijara Sukuk (GIS) has been invited by the Director, Domestic Markets & Monetary
Published 23 Mar, 2013 12:00am
SHO killed in clash between students

SHO killed in clash between students

A Station House Officer (SHO) was killed while, several students sustained injuries in an armed clash occurred between two students' groups in Quaid-e-Awam Engineering University here on Friday. According to the police sources, two groups of students open
Published 23 Mar, 2013 12:00am
Karachi unrest: Improve law & order, Supreme Court asks Rangers, police

Karachi unrest: Improve law & order, Supreme Court asks Rangers, police

The Supreme Court on Friday directed Chief Secretary and Inspector General Police, Sindh and Director General of Rangers to ensure protection to life and property of the people and submit a joint report showing progress in maintaining law and order situat
Published 23 Mar, 2013 12:00am
Visa Signature premium card launched

Visa Signature premium card launched

Visa, the leading global payments technology company, recently announced the launch of its exclusive Visa Signature premium card in the Middle East region. The newly-introduced premium card focuses on providing an affluent segment of customers with attrac
Published 23 Mar, 2013 12:00am
Engineering University: UET vice chancellor lays foundation stone

Engineering University: UET vice chancellor lays foundation stone

The Vice Chancellor University of Engineering and Technology, Peshawar Engr Imtiaz H Gilani on Friday laid foundation stone of Department of Industrial and Mechanical Engineering (DIME), at its Jalozai Campus. The Jalozai Campus of UET, Peshawar approved
Published 23 Mar, 2013 12:00am
Union Mariner discharges canola seeds at PQA

Union Mariner discharges canola seeds at PQA

The ship Union Mariner laden with 57, 941 tons of canola seeds berthed at Port Qasim Authority on March 20 had discharged over 30,000 tons of canola seeds by March 22 morning and the remaining cargo is expected to be discharged by Saturday night. Union Ma
Published 23 Mar, 2013 12:00am
16th Biennial Provincial Convention held at PIMA

16th Biennial Provincial Convention held at PIMA

Senior health professionals and foreign medical graduates on Friday advised medical students and young doctors to concentrate on career development and enhancement of their professional skills by applying for advanced medical courses within the country an
Published 23 Mar, 2013 12:00am
Four gunned down in Kalat

Four gunned down in Kalat

Four persons were killed and two inured when armed men opened fire on them here on Friday. Three of deceased belonged to Punjab and one was from Karachi. According to the details, some workers were taking petrol from a petrol pump at Mughalzai area along
Published 23 Mar, 2013 12:00am
Sabzimandi fire: government urged to rehabilitate affected traders

Sabzimandi fire: government urged to rehabilitate affected traders

All Pakistan Agriculture Produce Traders Federation (APAPTF) on Friday demanded of the government to rehabilitate the affected fruit and vegetable traders whose businesses were gutted in a recent blaze in New Sabzimandi. "The fruit and vegetable dealers a
Published 23 Mar, 2013 12:00am
Onion prices soar to Rs 40-50 per kg

Onion prices soar to Rs 40-50 per kg

The prices of onion have sky-rocketed once again, its rate has sharply increased in retail markets of the city and the retailers blamed due to short supply from upcountry and its hoarding cause increased in prices. Retailers are demanding Rs 40-50 per-kg
Published 23 Mar, 2013 12:00am
KESC rejects allegations

KESC rejects allegations

Karachi Electric Supply Company (KESC) has categorically rejected all charges levelled by Senate's Standing Committee and said the government has not paid any direct amount to KESC to fund its operations since the current management took charge of the com
Published 23 Mar, 2013 12:00am
Two electricity towers blown up

Two electricity towers blown up

The spokesman of National Transmission and Despatch Company Limited (NTDCL) has said that unknown miscreants exploded two towers of 220 kV Uch - Sibbi transmission line, which caused damage to pylons, however, NTDCL engineers restored electricity through
Published 23 Mar, 2013 12:00am
PSM clarification

PSM clarification

Spokesman of Pakistan Steel has clarified the news published in Daily Business Recorder, dated 22-03-2013, that the losses in 2012-2013 are Rs 19 billion as compared with the losses of Rs 21.158 billion occurred in the previous financial year ie 20
Published 23 Mar, 2013 12:00am
Polish Consulate in Karachi inaugurated

Polish Consulate in Karachi inaugurated

The Ambassador of Republic of Poland to Pakistan Dr Andrzej Ananicz along with Deputy Head of Mission Wieslaw Kucharek, First Secretaries Piotr Adamkiewicz and Mrs Anna Czuchry has inaugurated Polish Consulate in Karachi with their newly appointed Honorar
Published 23 Mar, 2013 12:00am
Role of Khyber Pakhtunkhwa Assembly lauded

Role of Khyber Pakhtunkhwa Assembly lauded

Khyber-Pakhtunkhwa Assembly Speaker Karamatullah Khan said that despite difficult situation all the political and religious parties ensured continuity of democratic process in the province. Talking to Radio Pakistan, he termed the performance of Khyber-Pa
Published 23 Mar, 2013 12:00am
Fresh pact demanded on distribution of water from Indus River

Fresh pact demanded on distribution of water from Indus River

Terming the water accord 1991 as a constitutional step, members of civil society organisation have demanded the formation of a commission comprising technical experts, to evaluate the actual water resources of the Indus River, and to make a new pact for e
Published 23 Mar, 2013 12:00am
Vice chancellor Sargodha University summoned

Vice chancellor Sargodha University summoned

The Lahore High Court on Friday summoned the vice chancellor of Sargodha University in a contempt petition of 60 students on April 01. The petitioners' counsel submitted that the petitioners were given admission in the university but, later, they were exp
Published 23 Mar, 2013 12:00am
Wheat procurement: 'gunny bags to be distributed on merit'

Wheat procurement: 'gunny bags to be distributed on merit'

District Coordi-nation Officer (DCO) Lahore, Noor Ul Amin Mengal has stated that the City District Government Lahore is making arrangements regarding wheat procurement and the distribution of gunny bags will be ensured on purely merit basis. He expressed
Published 23 Mar, 2013 12:00am
General election: to 'save and build' Pakistan, says Shahbaz

General election: to 'save and build' Pakistan, says Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that forthcoming general elections would save and build Pakistan. He said the country had been pushed back 50 years during the last five years of Peoples Party's rule, which had destroyed national ins
Published 23 Mar, 2013 12:00am
Water shortfall to become more acute by 2025: experts

Water shortfall to become more acute by 2025: experts

Water shortfall in the country will surge to 31 per cent till 2025 if tangible steps are not taken to cope with the situation. This was stated by speakers at a seminar arranged by the Department of Irrigation and Water Management Research Centre, Universi
Published 23 Mar, 2013 12:00am
ACCA launches 'Accountants for Small Business' campaign

ACCA launches 'Accountants for Small Business' campaign

ACCA globally has launched the campaign 'Accountants for Small Business' which emphasises the importance of business formalisation in emerging and frontier markets as a driver of economic development. ACCA has prided itself for over 100 years on being the
Published 23 Mar, 2013 12:00am
IEP organises seminar on World Water Day

IEP organises seminar on World Water Day

Member (Water) Water And Power Development Authority (Wapda) Hasnain Afzal said here on Friday that per capita water availability in Pakistan, which has come down from 5650 cubic meter in 1947 to about 1000 cubic meter in 2013 due to rapid increase in pop
Published 23 Mar, 2013 12:00am
Wapda holds seminar to highlight significance of water resources

Wapda holds seminar to highlight significance of water resources

Referring to the fast-decreasing per capita water availability in Pakistan, which has come down from 5650 cubic meter in 1947 to about 1000 cubic meter in 2013 due to rapid increase in population and natural phenomenon of sedimentation in water reservoirs
Published 23 Mar, 2013 12:00am
KBP observes World Water Day as 'black day'

KBP observes World Water Day as 'black day'

Kisan Board Pakistan (KBP) observed the World Water Day on Friday as 'Black Day' against the Indian water aggression against Pakistan and cold attitude of the government in tackling this issue and giving no attention towards construction of Kalabagh Dam.
Published 23 Mar, 2013 12:00am
'Seven more industrial estates to be set up in Punjab'

'Seven more industrial estates to be set up in Punjab'

National Industrial Parks Development and Management Company (NIP) would establish seven more industrial estates in Punjab for the sake of promotion of trade and industrial activities. Chief Executive National Industrial Parks Development & Management Com
Published 23 Mar, 2013 12:00am
'Business community kept in isolation'

'Business community kept in isolation'

The Business community of Southern Punjab and Chambers of Commerce and Industry Multan, Dera Ghazi Khan, Bahawalpur and Rahimyarkhan expressed their deep concern over the recent controversial SROs, issued unilaterally by the Federal Board of Revenue (FBR)
Published 23 Mar, 2013 12:00am
Punjab to launch wheat procurement drive on April 20

Punjab to launch wheat procurement drive on April 20

Punjab Food Department has announced to start wheat procurement drive 2013 from April 20 with a target of buying four million tons of wheat from the growers of the province. However, gunny bags distribution will be started from April 15 to facilitate the
Published 23 Mar, 2013 12:00am
Country needs 'experienced' leadership: Nawaz

Country needs 'experienced' leadership: Nawaz

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif on Friday said that Pakistan needed a matured and experienced leadership to tackle the manifold challenges confronting the country. Addressing a convention of the party activists, who have applie
Published 23 Mar, 2013 12:00am
PML-N will accept ECP decision: Nisar

PML-N will accept ECP decision: Nisar

Pakistan Muslim League-Nawaz (PML-N) will accept any decision of the Election Commission of Pakistan (ECP) if the Parliamentary Committee tasked with the appointment of caretaker Prime Minister referred the matter to the commission, Chaudhry Nisar Ali Kha
Published 23 Mar, 2013 12:00am
French Professor visits PU

French Professor visits PU

Punjab University (PU) Hailey College of Banking and Finance students namely Hafiz Shahrukh Tariq of BBA Hons and Hassan Obaid of MBA have earned two Guinness World Record by contesting in Guinness World Records Competitions organised by Chief Minister Pu
Published 23 Mar, 2013 12:00am
ECP tells NAB, FBR, SBP to carry out scrutiny in 12 hours

ECP tells NAB, FBR, SBP to carry out scrutiny in 12 hours

The National Accountability Bureau, Federal Board of Revenue and State Bank of Pakistan would be bound to scrutinise prospective candidates within 12 hours, Additional Secretary of the Election Commission of Pakistan (ECP) Afzal Khan said on Friday. "No i
Published 23 Mar, 2013 12:00am
ECP tells NAB, FBR, SBP to carry out scrutiny in 12 hours

ECP tells NAB, FBR, SBP to carry out scrutiny in 12 hours

The National Accountability Bureau, Federal Board of Revenue and State Bank of Pakistan would be bound to scrutinise prospective candidates within 12 hours, Additional Secretary of the Election Commission of Pakistan (ECP) Afzal Khan said on Friday. "No i
Published 23 Mar, 2013 12:00am
JUI-F withdraws petition against BHC verdict

JUI-F withdraws petition against BHC verdict

Jamiat Ulema-e-Islam (JUI-F) on Friday withdrew its writ petition filed in Supreme Court, challenging the Balochistan High Court's (BHC) verdict against appointment of Maulana Wasay as opposition leader. A two-member bench of the Supreme Court, headed by
Published 23 Mar, 2013 12:00am
AG employees' petition fixed for further arguments

AG employees' petition fixed for further arguments

The Lahore High Court on Friday fixed April 4 for further arguments in a petition of employees of the office of advocate general, Punjab praying to raise their salaries equal to the LHC employees. Petitioner, Sadaqat Ali and others submitted that the natu
Published 23 Mar, 2013 12:00am
Dues payment: Ministry prefers PSO to IPPs

Dues payment: Ministry prefers PSO to IPPs

Water and Power Ministry is reportedly giving preference to Pakistan State Oil (PSO) in payments to the Independent Power Producers (IPPs) which are facing default on payments to lenders, well-informed sources in PPIB told Business Recorder. All th
Published 23 Mar, 2013 12:00am
World Meteorological Day today

World Meteorological Day today

United Nations' (UN) World Meteo-rological Day will be observed Saturday to remember the World Meteorological Organisation's establishment on that date in 1950.
Published 23 Mar, 2013 12:00am
DMG probationary officers visit LDA

DMG probationary officers visit LDA

A group of 39 probationary officers of Pakistan Administrative Service (District Management Group) visited the office of Lahore Development Authority (LDA) in connection with the 35th specialized training program on Friday.
Published 23 Mar, 2013 12:00am
Caretakers must confine themselves to only polls: trade leader

Caretakers must confine themselves to only polls: trade leader

Business community is more anxious to see smooth transition of power to another political government and less bother over the economic matters at present. "There is a need of continuation of democratically-elected governments to ensure better economic pol
Published 23 Mar, 2013 12:00am
'Cric-it Mania' to be held at Szabist

'Cric-it Mania' to be held at Szabist

Szabist students to organise a Super Six Cricket Tournament by the name of "Cric-it Mania". The event will be conducted on April 7. The core purpose of the event is to conduct it by ethical means and give the proceeds of the event for the welfare of the S
Published 23 Mar, 2013 12:00am
President approves conferment of Tamgha-i-Shujaat

President approves conferment of Tamgha-i-Shujaat

President Asif Ali Zardari Friday approved conferment of Tamgha-i-Shuja'at on Shazia Ramzan and Kainat Riaz. Spokesperson to the President Senator Farhatullah Babar said that Shazia Ramzan and Kainat Riaz, school fellows of Malala Yousufzai, were brutally
Published 23 Mar, 2013 12:00am
Fatima Jinnah Dental College holds 16th convocation

Fatima Jinnah Dental College holds 16th convocation

As many as 75 graduates were conferred BDS degrees at the 16th Convocation of Fatima Jinnah Dental College (FJDC) here at a local hotel on Friday. Overall 16 gold medals, 12 shields and 114 distinctions were awarded in various subjects at the Convocation
Published 23 Mar, 2013 12:00am
Oath-taking ceremony of PTI's new office-bearers today

Oath-taking ceremony of PTI's new office-bearers today

Pakistan Tehreek-e-Insaf (PTI) is all set to show its wave of tsunami ahead of the general elections on May 11, as it is holding oath-taking ceremony of its 80,000 office-bearers, from union council to top level, elected during the recently concluded intr
Published 23 Mar, 2013 12:00am
Event organised by WBDC gets good response

Event organised by WBDC gets good response

The three-day 'Spring Summer Collection Launch' exhibition concluded here with unprecedented response by the visitors and earning good business for the women entrepreneurs participating in the event. The event was held under the auspices of Women Business
Published 23 Mar, 2013 12:00am
PTCL sets up free medical camp

PTCL sets up free medical camp

Pakistan Telecommunication Company Limited (PTCL) has set up a medical camp through which it is providing free healthcare to more than 3000 children participating in the Annual Sports Week being held from March 19 -24 at Sports Complex Islamabad.
Published 23 Mar, 2013 12:00am
Wahida Shah challenges ECP verdict

Wahida Shah challenges ECP verdict

Wahida Shah, a former MPA of Pakistan People's Party, on Friday filed a petition in the Supreme Court, challenging her disqualification by the Election Commission of Pakistan (ECP). According to the ECP verdict, Wahida Shah, a candidate of PPP for the Sin
Published 23 Mar, 2013 12:00am
Traders of Southern Punjab reject 'controversial' SROs

Traders of Southern Punjab reject 'controversial' SROs

The business community of southern Punjab and Chambers of Commerce and Industry Multan (MCCI), Dera Ghazi Khan, Bahawalpur and Rahimyarkhan have expressed their deep concern over the recent controversial SROs issued unilaterally by the Federal Board of Re
Published 23 Mar, 2013 12:00am
New tour operators: LHC extends stay till April 18

New tour operators: LHC extends stay till April 18

Chief Justice Lahore High Court (LHC) Umar Ata Bandial has extended the stay to April 18, restraining Ministry of Religious Affairs from allotting quota of 5000 pilgrims to newly registered Hajj tour operators sought. The court also sought a detailed repl
Published 23 Mar, 2013 12:00am
The Weather

The Weather

The weather report on Friday (March 22, 2013) and the forecast for Saturday (March 23, 2013).
Published 23 Mar, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 22, 2013).
Published 23 Mar, 2013 12:00am
PTI to launch fund-raising to finance election campaign

PTI to launch fund-raising to finance election campaign

During the March 23 public meeting, Pakistan Tahrik-e-Insaf (PTI) Chairman Imran Khan will make an appeal for fund-raising to finance election campaign. While talking to reporters here on Friday, he said without money politics was not possible; however it
Published 23 Mar, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 22, 2013).
Published 23 Mar, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 22, 2013).
Published 23 Mar, 2013 12:00am
Free functioning of media: PCP asks parties to sign declaration

Free functioning of media: PCP asks parties to sign declaration

Press Council of Pakistan (PCP) has asked political parties contesting elections to sign a declaration to support freedom of expression and not to interfere in the free functioning of the press during polls. A declaration form in this regard has been sent
Published 23 Mar, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (March 22, 2013) and for Saturday (March 23, 2013).
Published 23 Mar, 2013 12:00am
Nishan-i-Imtiaz conferred on UAE military chief

Nishan-i-Imtiaz conferred on UAE military chief

President Asif Ali Zardari on Friday conferred Nishan-i-Imtiaz (Military) on Chief of Staff of the UAE's Armed Forces Lieutenant General Hamad Mohammad Thani Al Rumaithy during a special investiture ceremony held at the Aiwan-e-Sadr.
Published 23 Mar, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 22, 2013).
Published 23 Mar, 2013 12:00am
Three killed in Karachi

Three killed in Karachi

Three people were killed in various incidents in the city on Friday, police and rescue sources said. A man was found dead near Binori Farms in Ghazi Town in Malir No15 in the jurisdiction of Malir police station. Police officials said that the man's body
Published 23 Mar, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (March 22, 2013).
Published 23 Mar, 2013 12:00am
PML-N, PPP bicker over nominations: Punjab chief minister

PML-N, PPP bicker over nominations: Punjab chief minister

Punjab Chief Minister Shahbaz Sharif and leader of the opposition in the Punjab Assembly Raja Riaz drew battle lines on the selection of the interim Chief Minister and the matter was likely to go before Parliamentary Committee. Saturday is the last day fo
Published 23 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 22, 2013).
Published 23 Mar, 2013 12:00am
Wrong impression

Wrong impression

I refer to yesterday's (22/3) Business Recorder's article on Page 2 with the heading "Pakistan Business Council dumps PTI, lauds PML (N)". We are somewhat disappointed at this heading as it gives a wrong impression of PBC having political preferences. The
Published 23 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 22, 2013).
Published 23 Mar, 2013 12:00am
EU rescue may tilt Cyprus from Moscow in regional power shift

EU rescue may tilt Cyprus from Moscow in regional power shift

On a hot morning in July last year, Cypriot President Demetris Christofias sat with a group of journalists on the stage of the sleekly modern National Theatre in Nicosia and beamed as he talked about his warm ties with Russia. The communist party leader,
Published 23 Mar, 2013 12:00am
Easy Fed softens fiscal policy punch on US economy

Easy Fed softens fiscal policy punch on US economy

The Federal Reserve's aggressive easing of monetary policy is proving surprisingly effective at blunting the blow to the US economy from tighter fiscal policy, according to economists who have been scrambling to raise their growth forecasts. Economists ha
Published 23 Mar, 2013 12:00am
Human hybrids in economic system

Human hybrids in economic system

What is more important - knowledge of economics as taught and practised in the West or Wisdom as practised in the East or local level ethics? Pakistan has always been in the grip of these western taught people that have very little interaction with locals
Published 23 Mar, 2013 12:00am
THE RUPEE: slight fluctuations

THE RUPEE: slight fluctuations

Very little changes were seen on the currency market on Friday in the process of trading, dealers said. The rupee inched up by one paisa against the dollar for buying at Rs 98.20, it, however, shed two paisa for selling at Rs 98.25, they added.
Published 23 Mar, 2013 12:00am
Xi succeeds Hu

Xi succeeds Hu

President Xi Jinping's resolve to work for "continued realisation of the great renaissance of the Chinese nation and the Chinese dream", expressed in his maiden speech as head of world's second largest economy, is sufficiently indicative of his government
Published 23 Mar, 2013 12:00am
THE RUPEE: slight fluctuations

THE RUPEE: slight fluctuations

Very little changes were seen on the currency market on Friday in the process of trading, dealers said. The rupee inched up by one paisa against the dollar for buying at Rs 98.20, it, however, shed two paisa for selling at Rs 98.25, they added.
Published 23 Mar, 2013 12:00am
Celebrating Pakistan Day

Celebrating Pakistan Day

Today we commemorate March 23, 1940, when the founders of this nation gathered at Lahore's Iqbal Park (then known as Minto Park) and passed the historic Lahore Resolution, laying the foundation of a separate homeland for the Sub-continent's Muslims. To ma
Published 23 Mar, 2013 12:00am
List of Civil Awards

List of Civil Awards

President of the Islamic Republic of Pakistan, was pleased to approve 191 Pakistan Civil Awards on 14th August, 2012 and 21 were approved as special cases after 14th August, 2012 (List at Annex-I).
Published 23 Mar, 2013 12:00am
List of Military Awards

List of Military Awards

The President of Pakistan on Friday granted the Military awards to officers and men of Pakistan Army, Navy and Air Force.
Published 23 Mar, 2013 12:00am
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