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Print - 2013-05-04
BoP's profit after tax rises to Rs 1.6 billion in 2012

BoP's profit after tax rises to Rs 1.6 billion in 2012

The Bank of Punjab (BoP) held its Annual General Meeting on April 30, which was attended by the bank's directors, management and a large number of shareholders. The meeting approved the bank's financial results for the year ended December 31, 2012, said t
Published 04 May, 2013 12:00am
BoP's profit after tax rises to Rs 1.6 billion in 2012

BoP's profit after tax rises to Rs 1.6 billion in 2012

The Bank of Punjab (BoP) held its Annual General Meeting on April 30, which was attended by the bank's directors, management and a large number of shareholders. The meeting approved the bank's financial results for the year ended December 31, 2012, said t
Published 04 May, 2013 12:00am
Pakistan oil & gas forum on May 30

Pakistan oil & gas forum on May 30

The annual fifth 'Pakistan Oil & Gas Forum 2013' organised by Shamrock Conferences International will be held on May 30, at a hotel in Islamabad. The theme is "Exploring and Sustaining Energy Needs - Charting Pakistan's Road to Economic Development."
Published 04 May, 2013 12:00am
TMA team leaves for Saudi Arabia

TMA team leaves for Saudi Arabia

A 12-member trade delegation of manufacturers-cum-exporters of towel and allied made-ups left for Kingdom of Saudi Arabia early Friday morning to explore markets of toilet linen, Ahram and home textile. The embassy of Pakistan in Jeddah has arranged meeti
Published 04 May, 2013 12:00am
Five TTP terrorists held with ammunition: CID

Five TTP terrorists held with ammunition: CID

Anti Extremist Cell of CID claimed to have arrested five terrorists of banned outfit Tahrik Taliban Pakistan (Fazullah Group) and recovered arms from their possession. Addressing a news conference at CID office, SP CID Aslam Khan said that on the tip-off,
Published 04 May, 2013 12:00am
Fact-finding mission: Swiss business team visits Pakistan

Fact-finding mission: Swiss business team visits Pakistan

A Swiss economic delegation was in Pakistan for a two-day visit of Karachi and a day-long visit of the capital city Islamabad. The delegation was co-organised by the Embassy and the Consulate General of Switzerland in order to portray Pakistan as an econo
Published 04 May, 2013 12:00am
Mobilink brings Nimbuzz Messenger app

Mobilink brings Nimbuzz Messenger app

Nimbuzz, a leading cross-platform global communications solution and Mobilink have announced a partnership to bring the Nimbuzz Messenger app to Mobilink subscribers across Pakistan at an unbeatable price. Nimbuzz is one of the world's leading mobile mess
Published 04 May, 2013 12:00am
Shahbaz's petition: TV channels restrained from airing controversial ad

Shahbaz's petition: TV channels restrained from airing controversial ad

A full bench of the Lahore High Court here on Friday restrained Pakistan Electronic Media Regulatory Authority (Pemra) from airing an advertisement that contains a purported conversation between Shahbaz Sharif and former Justice Malik Muhammad Qayyum on T
Published 04 May, 2013 12:00am
Advertisement campaigns: PTI, PML-N highest spenders?

Advertisement campaigns: PTI, PML-N highest spenders?

As Taliban bombs curtail campaign rallies, political parties are ploughing millions of dollars into TV and print adverts to sway voters ahead of next week's historic polls. Competition is fierce but it's a cash market and those with the biggest bucks get
Published 04 May, 2013 12:00am
Khyber Agency's NA seats: candidates expedite election campaign

Khyber Agency's NA seats: candidates expedite election campaign

With only a week left for the general election, the candidates of different political parties have expedited their campaingn to win NA-45 and NA-46 Khyber Agency seats. According to observers, the candidates contesting on NA-45 seat are making their best
Published 04 May, 2013 12:00am
Islamabad NA seats: PML-N struggles

Islamabad NA seats: PML-N struggles

Pakistan Muslim League-Nawaz (PML-N) may be unable to retain its two National Assembly seats in the federal capital because of stiff competition from PTI, JI and PPP candidates. With hardly a week left for the general elections, no one is sure which party
Published 04 May, 2013 12:00am
Islamabad police takes stock of security situation

Islamabad police takes stock of security situation

The Inspector General of Police (IGP) Bani Amin Khan on Friday directed concerned authorities to ensure foolproof security arrangements in the city in connection with general elections and ordered cancellation of leaves of Islamabad police. "The IGP issue
Published 04 May, 2013 12:00am
Imran appears more confident as elections draw near

Imran appears more confident as elections draw near

Pakistan Tehrik-e-Insaf Chairman Imran Khan said his party would defeat corrupt government with massive public support in May 11 general elections, saying that PTI would contest against Noon by Junoon (passion). "We will built new Pakistan on May 11 and u
Published 04 May, 2013 12:00am
Split mandate highly likely: 'electing new PM may take some time'

Split mandate highly likely: 'electing new PM may take some time'

If no single political party gets a simple majority in the general elections, lobbying to form a coalition to elect a leader of the house may take some time. According to sources, in case of a split mandate, which appears likely, the PPP, headed by Presid
Published 04 May, 2013 12:00am
NA-1 Peshawar: PPP demands army deployment at all polling stations

NA-1 Peshawar: PPP demands army deployment at all polling stations

Pakistan People's Party candidate from NA-1, Zulfiqar Afghani demanded of the Election Commission to declare all polling stations in NA-1 constituency as sensitive and deploy Army personnel for maintaining peace and security on the day of election. He mad
Published 04 May, 2013 12:00am
Sethi condemns murder of ST leader

Sethi condemns murder of ST leader

Punjab Chief Minister Najam Sethi on Friday strongly condemned the murder of a leader of Sunni Tehrik Khurram Raza Qadri; while taking strict notice of the incident, he sought a report from Inspector General Police Punjab. The Chief Minister directed IG P
Published 04 May, 2013 12:00am
Several dispensaries operating without basic equipment: Fafen

Several dispensaries operating without basic equipment: Fafen

Around three-fifths of the monitored 136 dispensaries lacked sterilizers and one-third were operating without syringe cutters says a Free and Fair Election (Fafen) report released on Friday. Lack of basic equipment at dispensaries has been pointed out by
Published 04 May, 2013 12:00am
Khyber Pakhtunkhwa mine owners oppose 'strict' regulations

Khyber Pakhtunkhwa mine owners oppose 'strict' regulations

Mine owners of Khyber Pakhtunkhwa have expressed concern over strict regulations under the new mining policy, described it as detrimental for the mining sector. Speaking at a news conference at press club on Friday, the Frontier Mining Owners Association
Published 04 May, 2013 12:00am
Local communities: WWF launches alternate livelihoods

Local communities: WWF launches alternate livelihoods

World Wide Fund for Nature - Pakistan (WWF-Pakistan) in collaboration with Community Development Program (CDP), Government of Sindh organised the launching ceremony of the project titled 'Integrated Approach to Skill Development and Provision of Sustainab
Published 04 May, 2013 12:00am
Khyber Pakhtunkhwa approves compensation policy for terror victims

Khyber Pakhtunkhwa approves compensation policy for terror victims

Khyber Pakhtunkhwa Governor Engineer Shaukatullah has approved the long awaited compensation policy for the affected people in Fata wherein apart from the introduction of financial assistance criteria meant for heirs of martyrs, the amount has also been d
Published 04 May, 2013 12:00am
PSM mulling keeping: COB-1 on preservation mode for another 4 months

PSM mulling keeping: COB-1 on preservation mode for another 4 months

Pakistan Steel Mills (PSM) management is said to be planning to keep the Coke Oven Battery No 1(COB-1) on preservation mode for another four months due to non-availability of raw material, official sources told Business Recorder. Giving the backgro
Published 04 May, 2013 12:00am
DF Deutsche Fortait AG to issue bond in second quarter

DF Deutsche Fortait AG to issue bond in second quarter

DF Deutsche Fortait AG (Prime Standard, ISIN DE0005488795) is planning to issue a corporate bond in the capital market before the end of the second quarter 2013, targeting a volume of up to EUR 30 million. The proceeds from the issue will serve to expand
Published 04 May, 2013 12:00am
DF Deutsche Fortait AG to issue bond in second quarter

DF Deutsche Fortait AG to issue bond in second quarter

DF Deutsche Fortait AG (Prime Standard, ISIN DE0005488795) is planning to issue a corporate bond in the capital market before the end of the second quarter 2013, targeting a volume of up to EUR 30 million. The proceeds from the issue will serve to expand
Published 04 May, 2013 12:00am
Adiyala jail inmates: two accused produced before Supreme Court

Adiyala jail inmates: two accused produced before Supreme Court

Hearing a matter relating to missing persons from outside Adiyala jail Supreme Court on Friday issued notices to the counsel for intelligence agencies, including Inter-Services Intelligence (ISI) and Military Intelligence (MI), and Attorney General for Pa
Published 04 May, 2013 12:00am
Integrated approach to education reform agenda stressed

Integrated approach to education reform agenda stressed

Khyber-Pakhtunkhwa Caretaker Minister for Information and Education, Ms Mossarat Qadeem stressed for integrated approach taking the civil society on board in the reforms agenda of education in the province. Without integrated approach, we cannot move forw
Published 04 May, 2013 12:00am
Women, son stabbed to death, husband hurt

Women, son stabbed to death, husband hurt

Some unknown miscreant have killed women, her son as well as injured her husband in the limits of Kohsar Police Station on Friday. Police while quoting Shabir, a servant in a house, said that some unknown people entered his house and attacked him, her wif
Published 04 May, 2013 12:00am
Consumers assault Pesco linemen

Consumers assault Pesco linemen

A Peshawar Electric Supply Company (Pesco) lineman Rohul Nabbi was injured when a group of consumers attacked him while he was busy replacing old power meters at Hayatabad Phase-II on Friday. According to Pesco spokesman Shaukat Afzal technical team of Pe
Published 04 May, 2013 12:00am
Seminar on 'Muslim World: Relations with China & West' held

Seminar on 'Muslim World: Relations with China & West' held

Punjab University Centre for South Asian Studies (CSAS) and Department of Political Science organised a seminar on "Muslim World: Relations with China and West" at seminar hall on Friday. Danish Ambassador Ole E Moesby was the chief guest while Danish Sch
Published 04 May, 2013 12:00am
'Dengue situation in Punjab is under control'

'Dengue situation in Punjab is under control'

Secretary Health Punjab Arif Nadeem said due to the joint efforts of various government departments, effective vector surveillance and larvaeciding and close cooperation of the people, dengue situation is under control in Punjab. Surveillance and monitori
Published 04 May, 2013 12:00am
Power outages: LCCI welcomes suo motu by Supreme Court

Power outages: LCCI welcomes suo motu by Supreme Court

The Lahore Chamber of Commerce and Industry (LCCI) on Friday welcomed the Supreme Court of Pakistan's suo motu on power outages and hoped that electricity situation would improve resultantly. The LCCI President Farooq Iftikhar in a statement said that una
Published 04 May, 2013 12:00am
UVAS vice chancellor to head Pakistani team at World Buffalo Congress

UVAS vice chancellor to head Pakistani team at World Buffalo Congress

University of Veterinary and Animal Sciences (UVAS) Lahore vice chancellor Professor Dr Talat Naseer Pasha is leading a delegation of researchers to represent Pakistan in 10th World Buffalo Congress and 7th Asian Buffalo Congress jointly scheduled be held
Published 04 May, 2013 12:00am
International Firefighters' Day today

International Firefighters' Day today

Like other parts of the globe, "International Firefighters' Day" is being observed on Saturday (today) in a bid to raise awareness among general public about fire safety and make them aware about the importance of fire prevention. The day was instituted a
Published 04 May, 2013 12:00am
Concern expressed over firing incidents

Concern expressed over firing incidents

Chairman All Pakistan Dry Ports Association (APDPA) Muhammad Ishaque Butt has expressed his deep concern over the firing incidents and arson in Sindh on vehicles carrying valuable export from Sialkot to Karachi. In a press statement issued on Friday eveni
Published 04 May, 2013 12:00am
Food security: EU envoy underscores need for collaborative efforts

Food security: EU envoy underscores need for collaborative efforts

Ambassador of EU delegation Lars-Gunnar Wigemark and Canadian High Commissioner Greg Giokas visited UAF and had a meeting with Vice Chancellor UAF Professor Dr Iqrar Ahmad Khan along with Deans and Directors of the varsity at New Syndicate Hall on Friday.
Published 04 May, 2013 12:00am
GCUF launches MS, MPhil in commerce

GCUF launches MS, MPhil in commerce

GC University Faisalabad (GCUF) is launching MS, MPhil (Commerce Programme) in order to produce skilled manpower in the said discipline as par with modern world keeping in view international standards. In this regard, Board of Studies meeting was held on
Published 04 May, 2013 12:00am
APC on education held under ISAPS

APC on education held under ISAPS

In All Parties Conference (APC) on Education held in Lahore under the auspices of Institute of Social and Policy Sciences (ISAPS) and Alif-Ailaan, senior representatives and candidates for upcoming general elections from all Political Parties have shown c
Published 04 May, 2013 12:00am
Government donates $1 million for Chinese quake victims

Government donates $1 million for Chinese quake victims

The Government of Pakistan has announced a cash donation of $1 million for the rehabilitation of the people affected by the earthquake, which struck recently Sichuan Province of the People's Republic of China, says a press release issued here on Friday.
Published 04 May, 2013 12:00am
May 11 general election KMC forms three-member committee

May 11 general election KMC forms three-member committee

Karachi Metropolitan Corporation (KMC) regarding May 11 general elections has formed a three-member committee consisting of officers of HRM department for the support of election authority The committee will look after all matters of election 2013. The co
Published 04 May, 2013 12:00am
Renovated dining halls in LCWU hostel inaugurated

Renovated dining halls in LCWU hostel inaugurated

Vice Chancellor Lahore College for Women University, (LCWU) Lahore Dr Sabiha Mansoor inaugurated newly renovated dining halls in twin hostels of the University. State-of-the-art renovation project has been completed in record short time.
Published 04 May, 2013 12:00am
SCB (Pakistan) Limited continues to build business momentum

SCB (Pakistan) Limited continues to build business momentum

Standard Chartered Bank (Pakistan) Limited announced its Q1 2013 results. The Bank continues to build on the business momentum despite challenging economic and external environment. The quarterly profit of the bank (after tax) is PKR 1.39 billion in the f
Published 04 May, 2013 12:00am
EFU wins Consumers Choice Award

EFU wins Consumers Choice Award

EFU Life has been conferred the Consumers Choice Award 2012 in the category of "Best Life Insurance Company of Pakistan" for the 5th consecutive year. These awards are presented every year to companies that offer products in the best interest of consumers
Published 04 May, 2013 12:00am
Educational institutions to be closed from 9-11th in Balochistan

Educational institutions to be closed from 9-11th in Balochistan

The Balochistan government announced on Friday the closure of education institutions in the province from May 9 till 11 in the light of election schedule. The decision was taken in view of the law and order situation and smooth holding of elections. Some
Published 04 May, 2013 12:00am
Irrigation staff directed to spend maximum time in field

Irrigation staff directed to spend maximum time in field

Caretaker Punjab Minister for Irrigation Qaiser Zulfikar Khan has directed the staff and officers of the Punjab Irrigation department to spend their maximum time in field to ensure better take care of canals and spurs avoiding any possible damages by floo
Published 04 May, 2013 12:00am
South Korean envoy, Wapda discuss water, hydropower projects

South Korean envoy, Wapda discuss water, hydropower projects

Ambassador of South Korea to Pakistan Choong Joo Choi called on the Pakistan Water and Power Development Authority (Wapda) Chairman Syed Raghib Abbas Shah here at Wapda House on Friday and discussed the water and hydropower sectors related matter with him
Published 04 May, 2013 12:00am
Adequate security for Khyber Pakhtunkhwa vaccinators sought

Adequate security for Khyber Pakhtunkhwa vaccinators sought

Health experts have demanded of the government to take adequate security steps for ensuring of protection of vaccinators during the drive in Khyber Pakhtunkhwa and tribal region. Dr Mohammad Tufail said that more than 763,000 children were missed during l
Published 04 May, 2013 12:00am
Major assassinations in country

Major assassinations in country

Country's history is peppered with high-profile killings, mostly of political and liberal figures. December 27, 2007: Two-time prime minister Benazir Bhutto assassinated in a suicide gun and bomb attack as she left an election rally in Rawalpindi.
Published 04 May, 2013 12:00am
NA-46 Khyber Agency: independent candidate withdraws from contest

NA-46 Khyber Agency: independent candidate withdraws from contest

Qadar Khan Afridi, independent candidate from NA-46 Khyber Agency withdrew in favour of former MNA and candidate from the constituency Haji Mohammad Shah Afridi. The announcement was made during a news conference here at Press Club on Friday. On the occas
Published 04 May, 2013 12:00am
Chinese envoy calls on chief minister Sindh

Chinese envoy calls on chief minister Sindh

The Caretaker Chief Minister Sindh Justice (R) Zahid Qurban Alavi said that Pakistan and China are all-weather friends and the friendly relations between both the countries are solidified through testing times. He expressed these views during the call-on
Published 04 May, 2013 12:00am
Salary tax slabs need correction in budget: ACCA

Salary tax slabs need correction in budget: ACCA

The Federal Board of Revenue (FBR) is expected to revise the salary tax slabs in Budget (2013-14) as per directions of the Federal Tax Ombudsman (FTO) to remove major anomaly in last three tax slabs under Finance Act 2012. The issue of anomaly in tax slab
Published 04 May, 2013 12:00am
Meezan Bank records nine percent growth in first quarter

Meezan Bank records nine percent growth in first quarter

Meezan Bank Limited has recorded 9 per cent growth in its profit-after-tax of first quarter ended 31st March 2013 which increased to Rs 982 million compared to Rs 903 million earned in the corresponding period of 2012. The earnings per share of the Bank i
Published 04 May, 2013 12:00am
Meezan Bank records nine percent growth in first quarter

Meezan Bank records nine percent growth in first quarter

Meezan Bank Limited has recorded 9 per cent growth in its profit-after-tax of first quarter ended 31st March 2013 which increased to Rs 982 million compared to Rs 903 million earned in the corresponding period of 2012. The earnings per share of the Bank i
Published 04 May, 2013 12:00am
Sales tax on services: record Rs 2.92 billion revenue collected in April

Sales tax on services: record Rs 2.92 billion revenue collected in April

Sindh Revenue Board (SRB) collected record revenue of Rs 2.92 billion in the head of sales tax on services during April 2013 which represents an increase of 16 percent over Rs 2.52 billion collected during March 2013. The progressive revenue collection of
Published 04 May, 2013 12:00am
SECP frames Draft Companies Regulations

SECP frames Draft Companies Regulations

The Securities and Exchange Commission of Pakistan (SECP), to ensure protection of investors, provide enhanced transparency, and to facilitate companies, has framed the Draft Companies (Distribution of Specie Dividend) Regulations, 2013 (the "draft Regula
Published 04 May, 2013 12:00am
Recovery operation against Wasa defaulters from May 14

Recovery operation against Wasa defaulters from May 14

Divisional Commissioner Hyderabad Dr Riaz Ahmed Memon has constituted eight recovery teams comprised Wasa officials and Sindh Police and has directed for launching recovery operation from May 14, in all urban Talukas of Hyderabad district. This he decided
Published 04 May, 2013 12:00am
Industrialists detest KESC's 'SOS' to government

Industrialists detest KESC's 'SOS' to government

Industrialists have expressed concern over Karachi Electric Supply Company's (KESC) SOS to the government informing them that the company may carry out 14 hours load shedding in industrial areas of the city after May 8 due to power shortage and additional
Published 04 May, 2013 12:00am
Masses aware of N-League's role as PPP's 'B-team': PTI leader

Masses aware of N-League's role as PPP's 'B-team': PTI leader

Pakistan Tahrik-e-Insaf (PTI) Lahore President Abdul Aleem Khan said that masses are fully aware of the fact that the N-League played the role of 'B-team' of PPP, which remained power partner for five years and supported each other's government. While add
Published 04 May, 2013 12:00am
Lawyer among four shot dead in Karachi

Lawyer among four shot dead in Karachi

At least four people were killed in different incidents of violence in the city on Friday, police and rescue sources said. In the first incident, a lawyer, Shakeel Jan Advocate, his father Ali Ahmed Jan, 50, were injured in a firing incident by the unknow
Published 04 May, 2013 12:00am
FBR considering charging adjustable WHT on school fees

FBR considering charging adjustable WHT on school fees

The Federal Board of Revenue (FBR) is again examining a budget proposal to impose a 5 to 10 percent adjustable withholding tax on payment of heavy school fees in the upcoming budget (2013-14). Sources told Business Recorder on Friday that the FBR w
Published 04 May, 2013 12:00am
Punjab Food Department procures 217,709 tons of wheat

Punjab Food Department procures 217,709 tons of wheat

Punjab Food Department has so far procured 217,709 tonnes of wheat during current wheat procurement drive against the target of four million tonnes. According to the departmental sources, the department which started procurement from May 01, 2013, is regi
Published 04 May, 2013 12:00am
Tax default: Sulehria barred from contesting polls

Tax default: Sulehria barred from contesting polls

A full bench of the Lahore High Court on Friday restrained Chaudhry Maqsood Ahmad Sulehria from contesting election from NA-114, Sialkot, for being a tax defaulter. The returning officer had rejected Sulehria's nomination papers, but an election tribunal
Published 04 May, 2013 12:00am
The Weather

The Weather

The weather report on Friday (May 03, 2013) and the forecast for Saturday (May 04, 2013).

Published 04 May, 2013 12:00am
Cylinder blast in van kills four passengers

Cylinder blast in van kills four passengers

Four persons were charred to death following a gas cylinder explosion in a passenger van here, police said Friday. The accident took place near Bugti crossing. The van caught fire as soon as its CNG cylinder exploded, killing three people and injuring 10
Published 04 May, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 03, 2013).

Published 04 May, 2013 12:00am
Minister for all-out efforts to address energy crisis

Minister for all-out efforts to address energy crisis

Federal Minister for Petroleum and Natural Resources Sohail Wajahat H Siddiqui has said that all out efforts are needed to address the issue of energy crisis being faced by the country. This he said while chairing a meeting on gas pricing for the fertiliz
Published 04 May, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 03, 2013).

Published 04 May, 2013 12:00am
Soofi meets EU observation mission's chief

Soofi meets EU observation mission's chief

Federal Law Minister Ahmer Bilal Soofi hold meeting with Chief Observer of the European Union Election Observation Mission (EU EOM) to Pakistan, Michael Gahler. According to a press release issued here on Friday, Ms Salome Hirvaskoski, gender and human ri
Published 04 May, 2013 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 04 May, 2013 12:00am
PML-N government to introduce civil service reforms: Nawaz

PML-N government to introduce civil service reforms: Nawaz

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif has said the PML-N, after coming into power, will review police laws to transform the police force into a depoliticised, efficient and effective law-enforcement body. Talking to different delegat
Published 04 May, 2013 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 04 May, 2013 12:00am
Hot, dry weather likely in Karachi

Hot, dry weather likely in Karachi

Hot and dry weather is expected in the port city during the next 24 hours, a weather forecast said on Friday. It said the maximum temperature is expected to remain in the range of 37 to 39 degree celsius. The weather forecast added that mainly hot/very ho
Published 04 May, 2013 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on April 30, 2013.

Published 04 May, 2013 12:00am
Two Army pilots hurt in chopper crash

Two Army pilots hurt in chopper crash

A training helicopter of the Pakistan Army on Friday crashed near Wazirababad area injuring two pilots. According to sources, the helicopter was on a routine training mission. Injured pilots were shifted to nearby hospital. Sources said the helicopter inv
Published 04 May, 2013 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on April 30, 2013.

Published 04 May, 2013 12:00am
Kerry phones Zardari

Kerry phones Zardari

US Secretary of State John Kerry telephoned President Asif Ali Zardari on Friday. Pak-US bilateral relations and regional issues came under discussion during the telephonic conversation.
Published 04 May, 2013 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on April 30, 2013.

Published 04 May, 2013 12:00am
Prime Minister condemns ANP candidate's murder, orders enquiry

Prime Minister condemns ANP candidate's murder, orders enquiry

Prime Minister former justice Mir Hazar Khan Khoso has strongly condemned the firing incident in Karachi resulting in the killing of ANP candidate Sadiq Zaman Khattak and his son on Friday. He expressed shock and grief over the incident. The PM directed t
Published 04 May, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 03, 2013).

Published 04 May, 2013 12:00am
Fazl seeks removal of Khyber Pakhtunkhwa governor

Fazl seeks removal of Khyber Pakhtunkhwa governor

The Jamiate Ulemae Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman has said that political forces having dictatorial thinking pushed the country into uncertain law and order situation and blaze of terrorism. He was addressing an election campaign gathering
Published 04 May, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (May 03, 2013) and for Saturday (May 04, 2013).
Published 04 May, 2013 12:00am
Capital market

Capital market

The capital market is the life-blood of capitalism which fosters development by providing the boost for entrepreneurship, innovation, job creation and economic growth. An efficient capital market does what no government can do by ensuring the best allocat
Published 04 May, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 03, 2013).

Published 04 May, 2013 12:00am
Fictitious figure sharpens Australian electioneering

Fictitious figure sharpens Australian electioneering

John will not be voting in September's parliamentary election, but Julia Gillard holds his proxy. John is the Australian prime minister's imaginary friend, a fictitious figure dreamed up to crystallise the policy differences she has with Tony Abbott's con
Published 04 May, 2013 12:00am
Could the ECB be running out of options?

Could the ECB be running out of options?

The European Central Bank chief Mario Draghi might be starting to run out of options to boost the struggling eurozone economy after the ECB announced on Thursday a cut in interest rates and moved to boost bank lending for business. Thursday's 25-basis-poi
Published 04 May, 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 (May 03, 2013).

Published 04 May, 2013 12:00am
Economic effects of elections

Economic effects of elections

There is a flutter of activities now that elections are upon us. I have been a bit dismayed at elections not because this election may not be fair (it never is for the loser), nor because the event was done in a manner that wasted little time. My concern
Published 04 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 03, 2013).

Published 04 May, 2013 12:00am
CEC must not lose sight of big picture

CEC must not lose sight of big picture

That some abnormal incidence of violence would mar electioneering ahead of May 11 general election was a highly expected development. That fear has unfortunately found its best expression in exacting a heavy toll on life and limb (72 killed, including an
Published 04 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 03, 2013).

Published 04 May, 2013 12:00am
Ogra needs to sharpen its focus

Ogra needs to sharpen its focus

Oil and Gas Regulatory Authority (Ogra) took notice of a Business Recorder exclusive and cancelled all Liquefied Petroleum Gas (LPG) licences issued to dealers in violation of the rules and regulations as clearly laid down in the LPG policy. The de
Published 04 May, 2013 12:00am
Turkey, Japan sign $22 billion nuclear power plant deal

Turkey, Japan sign $22 billion nuclear power plant deal

Japan''s Mitsubishi Heavy Industries Ltd and Itochu Corporation, with France''s GDF Suez, will build Turkey''s second nuclear power plant at an estimated cost of $22 billion under an agreement signed on Friday. Turkish Prime Minister Tayyip Erdogan and hi
Published 04 May, 2013 12:00am
Turkey, Japan sign $22 billion nuclear power plant deal

Turkey, Japan sign $22 billion nuclear power plant deal

Japan's Mitsubishi Heavy Industries Ltd and Itochu Corporation, with France's GDF Suez, will build Turkey's second nuclear power plant at an estimated cost of $22 billion under an agreement signed on Friday. Turkish Prime Minister Tayyip Erdogan and his J
Published 04 May, 2013 12:00am
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