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Nov 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-04-27
Amazon results show margin expansion, overseas slowdown

Amazon results show margin expansion, overseas slowdown

Amazon.com Inc reported solid first-quarter profits as the world's largest Internet retailer controlled shipping expenses and other costs, but international revenue growth slowed. Amazon, which has been on a spending spree in recent years, posted declines
Published 27 Apr, 2013 12:00am
Ethiopia, China sign $1 billion power deal

Ethiopia, China sign $1 billion power deal

Ethiopia signed a contract Friday worth nearly $1 billion with a Chinese energy company to build two transmission lines linking the country's largest dam to the country's central power grid. The Ethiopian Electric Power Corporation (EEPCo) signed the deal
Published 27 Apr, 2013 12:00am
Europe austerity debate to weigh on Spain's new economic plans

Europe austerity debate to weigh on Spain's new economic plans

Spain will unveil new economic plans on Friday that government officials say will tread a fine line between growth and austerity. Prime Minister Mariano Rajoy will present a package of reforms he want to have implemented by 2015 in a bid to obtain more le
Published 27 Apr, 2013 12:00am
Samsung releases new smartphone, posts record profit

Samsung releases new smartphone, posts record profit

Samsung on Friday released the latest version of its flagship Galaxy smartphone, as it announced record first-quarter profits driven by surging sales growth in its mobile division. The Galaxy S4, armed with eye motion control technology that pauses a vide
Published 27 Apr, 2013 12:00am
Samsung releases new smartphone, posts record profit

Samsung releases new smartphone, posts record profit

Samsung on Friday released the latest version of its flagship Galaxy smartphone, as it announced record first-quarter profits driven by surging sales growth in its mobile division. The Galaxy S4, armed with eye motion control technology that pauses a vide
Published 27 Apr, 2013 12:00am
China passes Australia as New Zealand's top export market

China passes Australia as New Zealand's top export market

China became New Zealand's number one export destination in the March quarter, official data showed Friday, displacing Australia from a position it has held for decades. Statistics New Zealand (SNZ) said the export of goods to China was worth NZ$2.3 billi
Published 27 Apr, 2013 12:00am
Opel to shut down all activities in Bochum

Opel to shut down all activities in Bochum

German carmaker Opel, the loss-making arm of US auto giant General Motors, said Friday it will phase out not only auto production at its site in Bochum, western Germany, as previously announced, but other activities as well. "Opel will shut down its three
Published 27 Apr, 2013 12:00am
Citigroup buys ING custody services in eastern Europe

Citigroup buys ING custody services in eastern Europe

US bank Citigroup announced Friday it was acquiring the eastern Europe custody services business of its Dutch rival ING. The acquisition covers assets worth 110 billion euros ($143 billion) in seven countries: Bulgaria, Hungary, the Czech Republic, Romani
Published 27 Apr, 2013 12:00am
Citigroup buys ING custody services in eastern Europe

Citigroup buys ING custody services in eastern Europe

US bank Citigroup announced Friday it was acquiring the eastern Europe custody services business of its Dutch rival ING. The acquisition covers assets worth 110 billion euros ($143 billion) in seven countries: Bulgaria, Hungary, the Czech Republic, Romani
Published 27 Apr, 2013 12:00am
China tells France it wants more balanced trade

China tells France it wants more balanced trade

Chinese Premier Li Keqiang was quoted as telling French President Francois Hollande on Friday that Beijing wants more balanced trade with France and is willing to buy more French products. Hollande was on the second day of a two-day visit to China aimed a
Published 27 Apr, 2013 12:00am
India says 27 firms underpaid tax in share transfers

India says 27 firms underpaid tax in share transfers

India said 27 companies, including the local units of HSBC, Standard Chartered and Vodafone, underpaid taxes in the last fiscal year after they sold shares to their overseas arms too cheaply. Finance Minister P. Chidambaram named the companies in a writte
Published 27 Apr, 2013 12:00am
BoJ in credibility test as divisions emerge over inflation target

BoJ in credibility test as divisions emerge over inflation target

Bank of Japan policymakers are divided over whether the central bank can meet its inflation target in two years, underlining concerns it has set an unrealistic goal in its battle to end 15 years of deflation despite plans for a massive burst of monetary s
Published 27 Apr, 2013 12:00am
Time Warner Cable shifts away from 'triple play'

Time Warner Cable shifts away from 'triple play'

Time Warner Cable Inc, the second-largest US cable provider, will no longer aggressively push "triple play" packages of Internet, video and voice on its customers, moving away from the long-held industry practice of bundling the services together. Time Wa
Published 27 Apr, 2013 12:00am
Commerzbank loses UK banker bonus appeal

Commerzbank loses UK banker bonus appeal

Commerzbank, Germany's second-largest lender, on Friday lost a high-profile appeal against a UK court ruling that forces it to pay 104 London-based bankers around 52 million euros ($68 million) in bonuses, plus costs. Commerzbank had argued that its now-i
Published 27 Apr, 2013 12:00am
78,000 Bhutan refugees move to West: UN

78,000 Bhutan refugees move to West: UN

Some 78,000 Bhutanese refugees have moved to the West from camps in Nepal where they have been living for two decades after being forced out of their homeland, the United Nations said Friday. The refugees have been offered new lives in the United States a
Published 27 Apr, 2013 12:00am
Ukraine marks Chernobyl disaster amid efforts to secure reactor

Ukraine marks Chernobyl disaster amid efforts to secure reactor

Ukrainians on Friday lit candles and laid flowers to remember the victims of the world's worst nuclear disaster at Chernobyl 27 years ago, as engineers pressed on with efforts to construct a new shelter to permanently secure the stricken reactor. On April
Published 27 Apr, 2013 12:00am
Bombs kill at least 20 across Baghdad

Bombs kill at least 20 across Baghdad

Bomb blasts in Baghdad killed at least 20 more people on Friday at the end of a week of bloodshed that prompted a United Nations envoy to warn Iraq was "at a crossroads". More than 160 people have been killed since Tuesday, when troops stormed a Sunni pro
Published 27 Apr, 2013 12:00am
Herzegovina president arrested

Herzegovina president arrested

Bosnian state prosecutors said Friday that the president of one of its two autonomous regions was arrested on corruption charges. Zivko Budimir, president of the Federation of Bosnia and Herzegovina, is a suspect in corruption cases, the prosecutor said.
Published 27 Apr, 2013 12:00am
India's anti-terror agency to probe Italian marines case

India's anti-terror agency to probe Italian marines case

India's Supreme Court Friday allowed a federal anti-terror agency to investigate the alleged killing of two fishermen by two Italian marines despite objections by the Italian government, news reports said. Italy had argued against the National Investigati
Published 27 Apr, 2013 12:00am
Fire at Russia psychiatric hospital kills 38

Fire at Russia psychiatric hospital kills 38

Thirty-eight people, mostly psychiatric patients, were killed Friday in a fire that ravaged a hospital in the Moscow region, with the victims engulfed by flames as they slept behind barred windows. The deadly night-time blaze raised new questions about se
Published 27 Apr, 2013 12:00am
China cancels top finance meet with Japan, South Korea amid tensions

China cancels top finance meet with Japan, South Korea amid tensions

China has cancelled a top annual finance meeting with Japan and South Korea, officials in Tokyo and Beijing said on Friday, amid simmering diplomatic tensions. An official with the Japanese finance ministry told AFP that "China has informed us that the me
Published 27 Apr, 2013 12:00am
Taiwanese former agent jailed for spying for China

Taiwanese former agent jailed for spying for China

A retired Taiwanese intelligence agent has been jailed for six years after luring his colleagues to China to force them to give up sensitive information, a court spokesman and media said Friday. Tung Chien-nan, a former Investigation Bureau agent, was jai
Published 27 Apr, 2013 12:00am
Turkey says chemical arms use would escalate Syria crisis

Turkey says chemical arms use would escalate Syria crisis

Turkey said on Friday any use of chemical weapons by Syrian President Bashar al-Assad would "take the crisis to another level", but remained cautious about any foreign military intervention in the conflict on its border. The White House said on Thursday A
Published 27 Apr, 2013 12:00am
Thousands of South Sudanese rebels surrender

Thousands of South Sudanese rebels surrender

Several thousand South Sudanese rebels have surrendered to the government and returned home from alleged rear bases in neighbouring Sudan, government and rebel officials in the south said on Friday. South Sudan has been struggling to contain insurgencies
Published 27 Apr, 2013 12:00am
Iranian scientist freed by US, reaches Oman

Iranian scientist freed by US, reaches Oman

An Iranian scientist held for more than a year in California on charges of violating US sanctions arrived in Muscat on Friday, after being freed in what the Omani foreign ministry said was a humanitarian gesture. Mojtaba Atarodi, an assistant professor of
Published 27 Apr, 2013 12:00am
20 feared trapped in Indian hospital collapse

20 feared trapped in Indian hospital collapse

At least 20 people, most of them patients, were feared trapped in a wing of a state-run hospital that collapsed Friday in the central Indian city of Bhopal, news reports said. A wing of the Kasturba Gandhi Hospital that housed a women's ward and a surgica
Published 27 Apr, 2013 12:00am
13 dead in Philippines political ambush

13 dead in Philippines political ambush

Gunmen killed 13 people in an ambush on a Philippine mayor, police said Friday, in the deadliest of a string of violent incidents that have marred campaigning for May elections. The attackers opened fire on a truck carrying Mayor Abdulmalik Manamparan and
Published 27 Apr, 2013 12:00am
South Korea to pull all workers from industrial zone in North

South Korea to pull all workers from industrial zone in North

South Korea will pull out all remaining workers from a jointly run industrial zone in North Korea, it said on Friday, after Pyongyang rejected a call for formal talks to end a stand-off that led to operations being suspended. The decision to remove about
Published 27 Apr, 2013 12:00am
Cotton gains on technical support, US weekly export data

Cotton gains on technical support, US weekly export data

ICE cotton gained on Thursday after a drop to technical support levels prompted buying and as strong weekly US export numbers indicated solid demand for fibre even as the momentum of a speculator-driven price rally continued to cool. The most-active July
Published 27 Apr, 2013 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded August copper contract on the Shanghai Futures Exchange closed at 51,770 yuan ($8,400) a tonne, up 1.55 percent on Friday. "The picture for me hasn't changed," said Dominic Schnider, an analyst at UBS Wealth Management in Singapore, adding
Published 27 Apr, 2013 12:00am
Copper falls over two percent

Copper falls over two percent

Copper fell more than 2 percent on Friday after two days of gains as some investors closed their positions ahead of a holiday in China next week and after US first-quarter growth numbers missed analysts' forecasts. Three-month copper on the London Metal E
Published 27 Apr, 2013 12:00am
Oil prices lower

Oil prices lower

Brent crude oil fell on Friday, following a two-day, $3 rally, as weak economic data from the United States sounded a note of caution on growth prospects in the world's largest oil consumer. Oil and other commodities such as metals slid in a midday sellof
Published 27 Apr, 2013 12:00am
Tokyo rubber futures dip

Tokyo rubber futures dip

Benchmark Tokyo rubber futures fell slightly on Friday, although eking out a small gain for the week, under pressure from a rise in the yen versus the dollar as trade slowed ahead of a series of holidays next week in Japan and China. The benchmark TOCOM r
Published 27 Apr, 2013 12:00am
Wheat and soya jump

Wheat and soya jump

Chicago Board of Trade (CBOT) wheat futures jumped 1.3 percent on Thursday, posting its biggest one day advance in two weeks on concerns about production declines in the US Plains hard red winter wheat belt due to freeze damage while soyabeans leaped 1.4
Published 27 Apr, 2013 12:00am
Palm oil climbs

Palm oil climbs

Malaysian palm oil futures climbed to a two-week high on Friday, posting its first weekly gain out of five, as encouraging export data buoyed investor hopes for resilient global demand. Cargo surveyor data showed palm oil shipments in the first 25 days of
Published 27 Apr, 2013 12:00am
Cocoa soars

Cocoa soars

ICE cocoa inched up in mixed trading on Friday after touching its highest level in more than four months during a rally driven by short-covering and underpinned by bullish technical factors and limited concern over West African supply prospects. Arabica c
Published 27 Apr, 2013 12:00am
Gold surges 2.5 percent in New York

Gold surges 2.5 percent in New York

Gold surged 2.5 percent on Thursday, its biggest daily rise since June, as physical buyers kept scooping up the metal at prices viewed as a bargain after bullion hit a two-year low on April 15. Silver rallied 5 percent during the session, and platinum gro
Published 27 Apr, 2013 12:00am
Gold up in Asia

Gold up in Asia

Gold was headed for its biggest weekly gain in one-and-a-half years after rising more than 1 percent on Friday as a mid-month plunge in prices triggered bargain-hunting and a surge in physical buying across Asia. Gold was up $6.26 at $1,473.25 an ounce by
Published 27 Apr, 2013 12:00am
Gold down in Europe

Gold down in Europe

Gold edged down on Friday as investors booked profits after a 1 percent rally, but it remained supported above $1,460 an ounce and on course for its biggest weeekly gain in more than a year Bullion has now recovered about 75 percent of massive losses incu
Published 27 Apr, 2013 12:00am
US MIDDAY: wheat eases

US MIDDAY: wheat eases

Chicago Board of Trade (CBOT) wheat futures fell nearly one percent on Friday on profit-taking, a day after the contract rose more than 1 percent on supply worries fuelled by concerns about production losses due to freezing weather in the US Plains hard r
Published 27 Apr, 2013 12:00am
US MIDDAY: gold slips

US MIDDAY: gold slips

Gold fell in choppy trade on Friday on as investors took profits, but the market still posted its biggest weekly gain in three months on strong physical demand after bullion hit a two-year low last week. Bullion has recovered more than half of the loss of
Published 27 Apr, 2013 12:00am
Candidates continue to defy ECP code of conduct

Candidates continue to defy ECP code of conduct

The Free and Fair Election Network (Fafen)'s constituency long-term observers have found out that the political parties' candidates are continuing to defy the Code of Conduct notified by the Election Commission of Pakistan (ECP), as they gathered reports
Published 27 Apr, 2013 12:00am
338 candidates vying for 12 NA seats in Fata

338 candidates vying for 12 NA seats in Fata

A total of 338 candidates will contest elections on 12 National Assembly seats in Federally Administration Tribal Areas (Fata). On the 11 May election, a dozens of candidates will fight from four constituencies as compared to last elections in the tribal
Published 27 Apr, 2013 12:00am
Dadu District: flood-hit people hold key to PPPP's electoral fate

Dadu District: flood-hit people hold key to PPPP's electoral fate

In Sindh, the election scenario looks murky, at least to the extent of Karachi, Hyderabad, Mirpurkhas and Sukkur, and a few other places where people are in grip of uncertainty, fearing that the holding of fair and free elections may be a distant cry. MQM
Published 27 Apr, 2013 12:00am
Teachers of PU say won't perform election duties

Teachers of PU say won't perform election duties

Teachers community of Peshawar University (PU) have expressed reservations over performing duties during elections, demanding for using alternative arrangements instead of deployment of academic. According to a press release issued here on Friday said tha
Published 27 Apr, 2013 12:00am
LHC allows Chaudhry Wajahat to contest polls

LHC allows Chaudhry Wajahat to contest polls

A full bench of the Lahore High Court on Friday allowed PML-Q's former MNA Chaudhry Wajahat Hussain to contest the election from Gujrat NA-104. An election tribunal, headed by Justice Nasir Saeed Sheikh had disqualified him on April 17 while accepting an
Published 27 Apr, 2013 12:00am
PTI urges ECP to take notice of 'pre-poll rigging' in Khyber Agency

PTI urges ECP to take notice of 'pre-poll rigging' in Khyber Agency

Expressing grave concern over massive usage of funds in electioneering campaign, the Pakistan Tehreek-e-Insaf (PTI) Khyber Agency has demanded of the Election Commission of Pakistan (ECP), to take notice of pre-poll rigging in constituency NA-45 and NA-46
Published 27 Apr, 2013 12:00am
'Social media the major medium for electioneering'

'Social media the major medium for electioneering'

Social media is the major medium that will be used for electioneering as it provides an equal opportunity to all political parties, informed sources revealed to Business Recorder. Those political parties that have been targeted by the Taliban have
Published 27 Apr, 2013 12:00am
Search for young rock stars begins

Search for young rock stars begins

Fanta, the most fun-filled orange sparkling brand, has launched a talent hunt in schools across Pakistan to find young gifted singers for recording a Fanta song and music video. The initiative, appropriately named 'Fanta Rocks' will be spearheaded by reno
Published 27 Apr, 2013 12:00am
Seminar on women's right to vote held

Seminar on women's right to vote held

The Provincial Commission on the Status of Women, Khyber-Pakhtunkhwa organised a consultation session on Elections 2013 with stakeholders from government and civil society to be abreast of the measures put in place by the Election Commission of Pakistan e
Published 27 Apr, 2013 12:00am
SECP initiates 122 show-cause proceedings to safeguard investor interest

SECP initiates 122 show-cause proceedings to safeguard investor interest

As part of its mandate to monitor listed and unlisted companies to safeguard investor interest, the Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) has initiated one hundred and twenty two (122) show-cause proceedings a
Published 27 Apr, 2013 12:00am
Clarification

Clarification

The Brief Recordings section on Friday April, 26, 2013 titled "No low hanging fruits in taxation reforms" erroneously mentioned Shabbar Zaidi as Caretaker Finance Minister Sindh. Zaidi was the Caretaker Finance Minister Sindh till April 16, 2013; he is cu
Published 27 Apr, 2013 12:00am
End of anti-dumping duty demanded

End of anti-dumping duty demanded

Multan Chamber demanded for issuance of a notification for ending the anti-dumping duty on the import of polyester.
Published 27 Apr, 2013 12:00am
IP gas project to boost Pak-Iran ties: Governor

IP gas project to boost Pak-Iran ties: Governor

Governor, Khyber Pakhtunkhwa Engineer Shaukatullah has said that the materialisation of the Iran-Pakistan (IP) gas pipeline project will have far reaching positive effects on the economic development of both countries. Addressing a dinner arranged in his
Published 27 Apr, 2013 12:00am
Smeda suggests abolition of one percent WHT on gold

Smeda suggests abolition of one percent WHT on gold

Small and Medium Enterprise Development Authority (Smeda) has proposed the Federal Board of Revenue (FBR) to abolish one percent withholding tax on export of gold products and charge customs duty on the import of gold from ad-valoram to specific basis - 1
Published 27 Apr, 2013 12:00am
Pakistan needs to improve framework on IP protection

Pakistan needs to improve framework on IP protection

On the World Intellectual Property Rights Day 2013, Mishal Pakistan, a country partner institute of the Global Competitiveness and Benchmarking Network of the World Economic Forum shared the State of IPR in Pakistan. The country is not being able to impro
Published 27 Apr, 2013 12:00am
Interior minister calls on Khyber Pakhtunkhwa interim CM

Interior minister calls on Khyber Pakhtunkhwa interim CM

Federal Minister for Interior Malik Muhammad Habib Khan called on the Khyber Pakhtunkhwa Caretaker Chief Minister former justice Tariq Pervez Khan at his office here on Friday and discussed with him matters related to the preparations and arrangements for
Published 27 Apr, 2013 12:00am
Smileagain praised by Sindh government

Smileagain praised by Sindh government

Health Department Sindh appreciated the work undertaken by Depilex Smileagain Founda-tion (DSF) for reviving the lives of women suffering acid and kerosene burn attacks. In a letter written to the Foundation, Sindh Secretary Health Dr Suresh Kumar appreci
Published 27 Apr, 2013 12:00am
Seminar

Seminar

A one-day seminar series was held on Development in Pakistan and Women Inclusive Strategies along with the exhibition of women entrepreneurs in Islamabad on Friday. A seminar was organised by the Centre for Policy Studies, COMSATS Institute of Information
Published 27 Apr, 2013 12:00am
Walled city shop sealed

Walled city shop sealed

Punjab Food Authority (PFA) has sealed Taj Mahal Sweets shop situated in the walled city on charges of poor cleanliness on Friday. According to details, Food Safety Officer Komal Akber and Assistant Food Safety Officer raided the Taj Mahal Sweets shop and
Published 27 Apr, 2013 12:00am
Lotte Chemicals posts Rs 164 million loss after tax

Lotte Chemicals posts Rs 164 million loss after tax

The management of Lotte Chemical Pakistan Ltd on Friday has announced company's 1Q2013 results. On a consolidated basis, the company posted loss after tax of Rs 164 million (LPS: Rs 0.11) in 1Q2013, as compared to earnings of Rs 151 million (EPS: Rs 0.1)
Published 27 Apr, 2013 12:00am
Lotte Chemicals posts Rs 164 million loss after tax

Lotte Chemicals posts Rs 164 million loss after tax

The management of Lotte Chemical Pakistan Ltd on Friday has announced company's 1Q2013 results. On a consolidated basis, the company posted loss after tax of Rs 164 million (LPS: Rs 0.11) in 1Q2013, as compared to earnings of Rs 151 million (EPS: Rs 0.1)
Published 27 Apr, 2013 12:00am
Anti-malaria campaign in Hyderabad from April 29

Anti-malaria campaign in Hyderabad from April 29

A, two week's long constant anti malaria mosquito campaign would be launched from April 29, 2013 in all Talukas of Hyderabad district with a view to root-out the menace of mosquito and malaria disease from the district. This has been decided in a meeting
Published 27 Apr, 2013 12:00am
KCCI chief seeks fresh German investment

KCCI chief seeks fresh German investment

Karachi Chamber of Commerce & Industry's President Muhammad Haroon Agar has urged the German Ambassador Dr Cyrill Nunn to invite new investment in Pakistan as the country is the most promising land in the region for investment and many German corporations
Published 27 Apr, 2013 12:00am
LUMHS holds ceremony

LUMHS holds ceremony

The 'Day One Ceremony' of the newly admitted batch in BS Biomedical Engineering was held at Liaquat University of Medical & Health Sciences Jamshoro. While addressing the students, Vice Chancellor Professor Mashoor Alam Shah expressed that the biomedical
Published 27 Apr, 2013 12:00am
Man found dead

Man found dead

The body of a man was found stuffed in a gunny bag off Mai Kolachi Road in Keamari Town. The identity of the victim could not be ascertained till the filing of this report. The body was later moved to the Civil Hospital Karachi (CHK). Separately, 26-year-
Published 27 Apr, 2013 12:00am
47 suspects arrested

47 suspects arrested

Police arrested 47 accused and recovered arms and booty during the last 24-hour. They conducted 66 raids in different areas of the city and arrested 47 including 7 absconders. The police also recovered 15 different kinds of firearms. The cases were lodged
Published 27 Apr, 2013 12:00am
No CNG closure today

No CNG closure today

Due to the improved gas supply position, the SSGC's management has decided to withdraw the closure notice for Saturday (27 April). There will be no shut down for CNG stations in Sindh on Saturday, as announced earlier. However, CNG stations will remain cl
Published 27 Apr, 2013 12:00am
Partly Facetious: ANP, MQM targets of attacks

Partly Facetious: ANP, MQM targets of attacks

"The attacks on MQM headquarters as well as on ANP leadership are simply appalling." "Agreed, and MQM has said that elections in this environment cannot be free and fair."
Published 27 Apr, 2013 12:00am
NAVTTC arranges two-day events from April 29

NAVTTC arranges two-day events from April 29

National Vocational and Technical Training Commission (NAVTTC) has arranged two-day events under TVET Reform Support Programme, for launching "Awareness Campaign on Accreditation of Technical and Vocational Training Institutes". The campaign has been arra
Published 27 Apr, 2013 12:00am
Begging becomes big business

Begging becomes big business

The sight of children, the disabled and disadvantaged begging at all hours of the day and night in country is a grim, constant reminder of the millions who live in abject poverty. Yet malnourished members of the underclass have to collect not just enough
Published 27 Apr, 2013 12:00am
Mobilink helps NIRM upgrade its therapy, rehab facility

Mobilink helps NIRM upgrade its therapy, rehab facility

Mobilink Foundation has upgraded the therapy and rehabilitation facility at the National Institute of Rehabilitation Medicine (NIRM) by contributing a state-of-the-art Triton DTS Spinal Retraction Unit as well as refurbishing the treatment area. The facil
Published 27 Apr, 2013 12:00am
'Pakistan, Iran have deep-rooted economic ties'

'Pakistan, Iran have deep-rooted economic ties'

Caretaker Punjab Law Minister Shams Mehmood Mirza has said that Pakistan and Iran have deep-rooted trade and economic relations, which will strengthen with the passage of time. He expressed these views while talking to Iranian Consul General in Lahore Muh
Published 27 Apr, 2013 12:00am
Session summoned: senate to discuss law & order, electioneering on May 2

Session summoned: senate to discuss law & order, electioneering on May 2

The 93rd session of Senate will be held on May 2 where issues relating to deteriorating law and order situation, load shedding and forthcoming general elections are likely to be discussed. The Muttahida Qaumi Movement (MQM) would move a resolution against
Published 27 Apr, 2013 12:00am
Wheat procurement: middlemen once again active in Punjab: AFP

Wheat procurement: middlemen once again active in Punjab: AFP

Agri Forum Pakistan Chairman Ibrahim Mughal has alleged that middle men are once again active in Punjab and buying wheat from the growers at the rate of Rs 1,060 per maund instead of Rs 1,200 per maund at 100 different places of the province owing slow wh
Published 27 Apr, 2013 12:00am
Altaf advises Karachiites to guard against terrorism

Altaf advises Karachiites to guard against terrorism

Muttahida Quami Movement (MQM) Chief Altaf Hussain has advised the masses to exercise all possible caution to avert any untoward incident of terrorism. In a statement issued from London on Friday, Altaf Hussain said the people should immediately inform po
Published 27 Apr, 2013 12:00am
Efforts reduce accident rate by more than 70 percent: NH&MP IG

Efforts reduce accident rate by more than 70 percent: NH&MP IG

Zafar Abbas Lack Inspector General (IG) National Highway and Motorway Police (NH&MP) said that road safety in the region is alarming, but with the efforts of motorway police, the accident rate has been reduced by more than 70 percent. This he stated while
Published 27 Apr, 2013 12:00am
MQM's mourning day: traders suffer Rs 15 billion loss due to shutdown

MQM's mourning day: traders suffer Rs 15 billion loss due to shutdown

Industrial, trade, business and commercial activities remained partially suspected in the city on Friday amid Muttahida Qaumi Movement's (MQM) mourning day against the killing of its workers in a bomb blast. The citywide closure of business, trade and com
Published 27 Apr, 2013 12:00am
'Pharmaceutical Toxicology' conference concludes

'Pharmaceutical Toxicology' conference concludes

A two-day international conference on 'Pharmaceutical Toxicology' concluded at the University of Veterinary and Animal Sciences (UVAS) Lahore on Friday. The Department of Pharmacology and Toxicology of the UVAS organised the conference in collaboration wi
Published 27 Apr, 2013 12:00am
Punjab University, LCWA sign MoU

Punjab University, LCWA sign MoU

Punjab University on Friday signed a memorandum of understanding (MoU) with Lahore Council for World Affairs (LCWA) to collaborate in research and objective discussions on national issues. The MoU signing ceremony was held in the committee room of VC offi
Published 27 Apr, 2013 12:00am
Soap makers seek concessions

Soap makers seek concessions

Pakistan Soap Manufacturers Association (PSMA) in its executive committee meeting here on Friday discussed matters related to income tax, customs, shortage of power and gas to the industry. LCCI's Standing Committee Convenor on Sales Tax Tanvir Ahmad Sufi
Published 27 Apr, 2013 12:00am
Power shortfall reaches 5,500 megawatts

Power shortfall reaches 5,500 megawatts

Power shortfall has crossed the magical figure of 5,000MW, leaving the consumers into long spells of darkness throughout Punjab. According to the sources, the power shortfall has reached to 5,500MW, resulting into 12 to 18 hours load shedding. The majorit
Published 27 Apr, 2013 12:00am
Shahbaz launches broadside against PPP for power woes

Shahbaz launches broadside against PPP for power woes

Terming Pakistan People's Party's advertisement campaign regarding electricity load shedding as 'pack of lies', former Chief Minister Punjab and PML-N senior leader Shahbaz Sharif held the previous PPP government responsible for prevailing energy crisis i
Published 27 Apr, 2013 12:00am
Imran condemns attack on political parties' offices

Imran condemns attack on political parties' offices

Pakistan Tahrik-e-Insaf (PTI) Chairman Imran Khan has on Friday strongly condemned the continuing attack on offices of different political parties across the country and has expressed regret at the tragic loss of innocent lives. He emphasised the need for
Published 27 Apr, 2013 12:00am
MCCI begins work towards budget proposals

MCCI begins work towards budget proposals

A Taxation sub-committee of Multan Chamber of Commerce & Industry (MCCI) started work on finalising the proposals for budget 2013-14. Its maiden meeting was held under the chairmanship of Mian Iqbal Hassan and it was attended by Muhammad Younas Ghazi, Sye
Published 27 Apr, 2013 12:00am
Nawaz promises 0.5 million houses for labourers

Nawaz promises 0.5 million houses for labourers

Pakistan Muslim League (N) will build 0.5 million houses for labourers if elected in May 11 general elections, PML (N) chief Mohammad Nawaz Sharif said here on Friday. Talking to a delegation of workers, Sharif said that five hundred houses will be constr
Published 27 Apr, 2013 12:00am
80 fresh cases of measles reported in Lahore

80 fresh cases of measles reported in Lahore

There is no let up in measles spread in Lahore, as around 80 fresh cases were reported in different hospitals in Lahore. Of these, as many as 23 fresh victims of measles were admitted in Mayo Hospital, 20 in Children's Hospital and rest in other hospitals
Published 27 Apr, 2013 12:00am
Declare agriculture as industry: PARC

Declare agriculture as industry: PARC

Pakistan Agriculture Research Council (PARC) Chairman Dr Iftikhar Ahmad has stressed the need of declaring agriculture as an industry and enacting legislation on the pattern of Australia to promote mechanisation to meet the national food requirements. He
Published 27 Apr, 2013 12:00am
US investment to spur GDP growth: Chairman USPBC

US investment to spur GDP growth: Chairman USPBC

Chairman US-Pakistan Business Council (USPBC) Miles Young said that right enabling economic policies will help bring more US investment to Pakistan that in turn will accelerate GDP growth. The USPBC Chairman was talking to LCCI President Farooq Iftikhar d
Published 27 Apr, 2013 12:00am
Medica, ISP, A+A: exporters concerned over proposal for reducing stalls

Medica, ISP, A+A: exporters concerned over proposal for reducing stalls

The exporter community has expressed deep concern over the proposal of Trade Development Authority of Pakistan (TDAP) to cut down its support to Sialkot industry by reducing the number of stalls at Medica-2013, ISP and A+A. Addressing a press conference,
Published 27 Apr, 2013 12:00am
One killed in attack on Rangers Headquarters in Hyderabad

One killed in attack on Rangers Headquarters in Hyderabad

A paramilitary troop was killed and three others injured when unknown miscreants opened indiscriminate fire at Rangers Headquarter on Friday. According to details, unidentified motorcyclists sprayed bullets at Rangers Headquarter in Latifabad No 6 area of
Published 27 Apr, 2013 12:00am
Election campaign gaining momentum: Faryal

Election campaign gaining momentum: Faryal

Central leader of PPP and sister of President Asif Ali Zardari, Faryal Talpur said that election campaign of the party is gaining momentum and people are responding enthusiastically. In a TV interview on Friday, Faryal Talpur said that delay in election c
Published 27 Apr, 2013 12:00am
Power cuts: LHC tells Centre, Wapda to specify details

Power cuts: LHC tells Centre, Wapda to specify details

The Chief Justice of the Lahore High Court on Friday issued notices for April 29 to respondents - the federal government, Wapda, Lesco and others - on an application seeking action on excessive loadshedding. The Chief Justice observed that the court would
Published 27 Apr, 2013 12:00am
SNGPL to launch crackdown against defaulters

SNGPL to launch crackdown against defaulters

Sui Northern Gas Pipelines Limited (SNGPL) is all set to launch a crackdown against gas defaulters of as many as 22 public sector organisations, which owed an amount of Rs 17.3 million and their gas connections would be disconnected. The SNGPL on Friday a
Published 27 Apr, 2013 12:00am
No industrial activity across Karachi on MQM's mourning day

No industrial activity across Karachi on MQM's mourning day

All industrial units in the seven industrial estates of the city remained closed on Friday owing to Muttahida Qaumi Movement's (MQM) call of observing mourning say over the death of its workers in a bomb attack on Thursday. The industries have also remain
Published 27 Apr, 2013 12:00am
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