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Print - 2013-05-30
USAID launches agriculture innovation programme

USAID launches agriculture innovation programme

The US Agency for International Development (USAID), the International Maize and Wheat Improvement Center (CIMMYT) and the Pakistan Agricultural Research Council (PARC) launched the Agricultural Innovation Program to expand the use of modern technologies
Published 30 May, 2013 12:00am
MQM man among six killed in Metropolis

MQM man among six killed in Metropolis

At least six people including a worker of Muttahida Qaumi Movement (MQM) were killed in separate incidents of violence in the city here on Wednesday, police and rescue sources said. In the first incident, a man was gunned down in Nazimabad No 6 near Baqi
Published 30 May, 2013 12:00am
Business community pins hope on Nawaz's abilities

Business community pins hope on Nawaz's abilities

Business community has expressed the hope that nominated Prime Minister Mian Muhammad Nawaz Sharif would overcome the economic challenges by utilising his best abilities.
Published 30 May, 2013 12:00am
Mango export may not exceed 150,000 tons: CEO HT

Mango export may not exceed 150,000 tons: CEO HT

Chief Executive Officer Harvest Tradings (HT) Ahmad Jawad has said that due to a capacity constraint of airlines for handling mango export, the country's exports may not exceed 150,000 tons. Talking to INP here on Wednesday, Ahmed Jawad said the most disg
Published 30 May, 2013 12:00am
Auto industry opposes proposed five percent WHT on vehicles

Auto industry opposes proposed five percent WHT on vehicles

Auto industry has opposed the proposed 5 percent withholding tax on vehicles terming it a severe blow to an industry which is already fighting hard for its survival. Vice-Chairman of Pakistan Auto Manufacturers Authorised Dealers Association (PAMADA) Iqba
Published 30 May, 2013 12:00am
Auto industry opposes proposed five percent WHT on vehicles

Auto industry opposes proposed five percent WHT on vehicles

Auto industry has opposed the proposed 5 percent withholding tax on vehicles terming it a severe blow to an industry which is already fighting hard for its survival. Vice-Chairman of Pakistan Auto Manufacturers Authorised Dealers Association (PAMADA) Iqba
Published 30 May, 2013 12:00am
Hearing of plea challenging Arif Hameed's removal put off

Hearing of plea challenging Arif Hameed's removal put off

The Lahore High Court here on Wednesday postponed for fortnight the hearing of a petition challenging removal of Arif Hameed from office of managing director of Sui Northern Gas Pipelines Limited (SNGPL) by the caretaker government. The court also extende
Published 30 May, 2013 12:00am
Participants of 13th Senior Management Course visit UVAS

Participants of 13th Senior Management Course visit UVAS

The participants of 13th Senior Management Course of the National Management College hailing from various occupational groups including police, DMG, Foreign Service, Customs, Income Tax, etc, visited the University of Veterinary and Animal Sciences (UVAS)
Published 30 May, 2013 12:00am
LSE holds session for UMT students under Financial Literacy Initiative

LSE holds session for UMT students under Financial Literacy Initiative

Students of the University of Management & Technology (UMT) visited the Lahore Stock Exchange as part of the Campus Outreach Programme under Financial Literacy Initiative in collaboration with South Asian Federation of Exchange (SAFE), where they were giv
Published 30 May, 2013 12:00am
Asma advises losers to accept election results

Asma advises losers to accept election results

Former president Supreme Court Bar Association Asma Jahangir hoped that PPP would play positive and effective role of opposition like PML-N did in the previous government. Talking to media persons at the Lahore High Court, here on Wednesday, Asma said all
Published 30 May, 2013 12:00am
The Weather

The Weather

The weather report on Wednesday (May 29, 2013) and the forecast for Thursday (May 30, 2013).

Published 30 May, 2013 12:00am
Manufacture of UPS drops

Manufacture of UPS drops

Manufacturing of Uninterruptible Power Supply (UPS) has dropped in local market, as the manufacturers are foreseeing a substantial increase in power supply soon after the new government takes charge in the country. The market sources said supply of new UP
Published 30 May, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 29, 2013).

Published 30 May, 2013 12:00am
Punjab Ombudsman asks contractors to pay outstanding dues

Punjab Ombudsman asks contractors to pay outstanding dues

Punjab Ombudsman Javed Mehmood has declined to entertain contractors' applications for payment of their outstanding dues unless they had exhausted all other forums available to them. An official spokesman said on Wednesday that Ombudsman had taken notice
Published 30 May, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 May, 2013 12:00am
FBR Union demands inquiry into Gujrat van incident

FBR Union demands inquiry into Gujrat van incident

Federal Revenue Alliance Employees Union has said that the incident of fire in a school van in village Mangowal near Gujrat saddened the whole nation, demanding strict legal action against the persons responsible. FBR Union central president Mian Abdul Qa
Published 30 May, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 May, 2013 12:00am
Pak-India ties to get a boost after installation of new government

Pak-India ties to get a boost after installation of new government

An Indian intellectual, columnist and Chairman Council for Foreign Policy Dr V.P. Vaidik has expressed the optimism that Pak-India ties would get a boost after the installation of new government in Pakistan as the leadership in India wants to have good re
Published 30 May, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 29, 2013).

Published 30 May, 2013 12:00am
SKMCH&RC to mark World No Tobacco Day

SKMCH&RC to mark World No Tobacco Day

Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH&RC) is organising a number of activities on "World No Tobacco Day" to create awareness among the masses to prevent the incidence of cancer which is on the rise due to smoking. According to
Published 30 May, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 29, 2013).

Published 30 May, 2013 12:00am
Engro Foods Limited

Engro Foods Limited

Engro Foods Limited is a majority owned subsidiary engaged in the manufacturing, processing and marketing of dairy products, ice cream and frozen desserts and fruit juices. As an example of Engro's pursuit of excellence, the business has established sever
Published 30 May, 2013 12:00am
Engro Foods Limited

Engro Foods Limited

Engro Foods Limited is a majority owned subsidiary engaged in the manufacturing, processing and marketing of dairy products, ice cream and frozen desserts and fruit juices. As an example of Engro's pursuit of excellence, the business has established sever
Published 30 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 Wednesday (May 29, 2013).

Published 30 May, 2013 12:00am
'World fixer' halo shines at White House website

'World fixer' halo shines at White House website

It seems many frustrated communities overseas believe the halo of "world police" is still shining over the United States. One clear sign is the way they turn to the White House online petition system to seek a way out for their discontent with issues that
Published 30 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 29, 2013).

Published 30 May, 2013 12:00am
Government formation in Sindh

Government formation in Sindh

I was really shocked to learn that PPP is preparing to form government in Sindh. My opposition is based on the late Benazir Bhutto's strategy as she refused to form government in Sindh because her party was not in position to form government at the centre
Published 30 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 29, 2013).

Published 30 May, 2013 12:00am
Legal aspects of international business transactions

Legal aspects of international business transactions

International trade is expanding day-by-day, small and big countries of the world are engaged in transfer of huge quantum of goods and services. The mutual contract between the parties, at time, creates legal problems. These problems arise from the first
Published 30 May, 2013 12:00am
Syria: proxy war

Syria: proxy war

Between them, the Western countries and the Gulf kingdoms have turned the Syrian people's pro-democracy movement into an unrelenting unwinnable civil/sectarian war. As Syria continues to soak in the blood of its people, these outsiders have been fuelling
Published 30 May, 2013 12:00am
Forming government in Balochistan

Forming government in Balochistan

Sharply contrasting the contention besetting the May 11 elections the process of government formation is going apace with astonishing ease - except for the province of Balochistan where it is most urgently needed. Of course the government formation at the
Published 30 May, 2013 12:00am
THE RUPEE: overall gains

THE RUPEE: overall gains

A rising trend was witnessed on the currency market on Wednesday as the rupee appreciated against the dollar in the process of trading, dealers said. The rupee extended its gains in relation to the dollar picking up more two paisa for buying and one paisa
Published 30 May, 2013 12:00am
A flawed policy approach

A flawed policy approach

Some of the countries continue to suffer in economic terms but refuse to learn the right lessons. According to a news item in the "Business Recorder" on 28th May, 2013, Thailand has pledged to renew its controversial rice-buying scheme for a third year -
Published 30 May, 2013 12:00am
THE RUPEE: overall gains

THE RUPEE: overall gains

A rising trend was witnessed on the currency market on Wednesday as the rupee appreciated against the dollar in the process of trading, dealers said. The rupee extended its gains in relation to the dollar picking up more two paisa for buying and one paisa
Published 30 May, 2013 12:00am
Fitness certificates made mandatory for school vans

Fitness certificates made mandatory for school vans

In order to avoid the fire incidents like that in Gujrat, the City District Government Rawalpindi and Traffic Police have made it mandatory for the school vans of private schools and pick and drop service providers to present fitness certificates.
Published 30 May, 2013 12:00am
Cases against 31 medical stores sent to court

Cases against 31 medical stores sent to court

District Quality Control Board has on Wednesday sent cases against 31 medical stores for selling spurious drugs to the court for further prosecution. In this connection, an important meeting of District Quality Control Board was held, disclosed an officia
Published 30 May, 2013 12:00am
56th Annual General Meeting of PIA held

56th Annual General Meeting of PIA held

The 56th Annual General Meeting of the Pakistan International Airlines (PIA) was held here on Wednesday. Senior Member PIA Board of Directors, Hussain Lawai, presided over the meeting. A statement said that Managing Director PIA, Muhammad Junaid Yunus, an
Published 30 May, 2013 12:00am
Shaban moon sighting: Ruet-e-Hilal Committee to meet on June 9

Shaban moon sighting: Ruet-e-Hilal Committee to meet on June 9

The central and zonal Ruet-e-Hilal committees will meet on Rajab 29 (June 9) for sighting the crescent of Shaban 1434 A.H. Chairman Central Ruet-e-Hilal Committee Mufti Muneeb-ur-Rehman will attend the meeting in Karachi while members of zonal committees
Published 30 May, 2013 12:00am
Judge's name in FIR: LHC appoints advocate as amicus curiae

Judge's name in FIR: LHC appoints advocate as amicus curiae

The Lahore High Court on Wednesday appointed Advocate Muhammad Azhar Siddique as amicus curiae to assist on a point whether mentioning the name of a judge in FIR or any other case documents fell within the ambit of contempt of court. The court also direct
Published 30 May, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 29, 2013).

Published 30 May, 2013 12:00am
Business community rejects new tax measures

Business community rejects new tax measures

The business community on Wednesday expressed dismay over news reports that the Federal Board of Revenue (FBR) had suggested new taxations measures in draft of the Tax Laws (Amendment) Ordinance of 2013, which is part of the new budget. Rejecting the new
Published 30 May, 2013 12:00am
SMEDA to unveil new five-year SME development plan on May 31

SMEDA to unveil new five-year SME development plan on May 31

The Small and Medium Enterprises Development Authority is unveiling its new 5-year SME Development plan for sustainable economic development of Pakistan on Friday. CEO SMEDA Sardar Ahmad Nawaz Sukhera will present the plan at a news conference. According
Published 30 May, 2013 12:00am
Two millions take IELTS tests across globe in one year

Two millions take IELTS tests across globe in one year

The International English Language Testing System (IELTS) reinforces its position as the world's most popular English proficiency test for higher education and global migration, with a record of two million tests taken around the world in the last 12 mont
Published 30 May, 2013 12:00am
MQM accuses law enforcers of 'abducting' its workers

MQM accuses law enforcers of 'abducting' its workers

Voicing concern over the disappearance of Muttahida Qaumi Movement's nine workers, the party's Co-ordination Committee deplored that the law-enforcement personnel in their private vehicles were abducting MQM workers daily.
Published 30 May, 2013 12:00am
Shahbaz urges overseas Pakistanis to work for country's progress

Shahbaz urges overseas Pakistanis to work for country's progress

Shahbaz Sharif on Wednesday urged overseas Pakistanis to shun their differences related to elections and work for the uplift of Pakistan. "I am thankful to overseas Pakistanis for favouring the PML-N during general elections," Shahbaz told delegation of o
Published 30 May, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 May, 2013 12:00am
Gujrat tragedy: Supreme Court takes suo motu notice

Gujrat tragedy: Supreme Court takes suo motu notice

The Supreme Court on Wednesday took a suo motu notice of a school van gas cylinder blast near Gujrat in which at least 15 children and their teacher were burnt to death. The court sought a report of the tragic incident from the authorities concerned till
Published 30 May, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 May, 2013 12:00am
Gujrat tragedy: Supreme Court takes suo motu notice

Gujrat tragedy: Supreme Court takes suo motu notice

The Supreme Court on Wednesday took a suo motu notice of a school van gas cylinder blast near Gujrat in which at least 15 children and their teacher were burnt to death. The court sought a report of the tragic incident from the authorities concerned till
Published 30 May, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 30 May, 2013 12:00am
US fines Total $398 million over bribes in Iran

US fines Total $398 million over bribes in Iran

French oil giant Total has been fined $398.2 million under US foreign corruption laws to resolve charges it bribed officials in Iran to secure oil and gas concessions, US authorities announced Wednesday. Total was fined $245.2 million by the Department of
Published 30 May, 2013 12:00am
US fines Total $398 million over bribes in Iran

US fines Total $398 million over bribes in Iran

French oil giant Total has been fined $398.2 million under US foreign corruption laws to resolve charges it bribed officials in Iran to secure oil and gas concessions, US authorities announced Wednesday. Total was fined $245.2 million by the Department of
Published 30 May, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 May, 2013 12:00am
US fines Total $398 million over bribes in Iran

US fines Total $398 million over bribes in Iran

French oil giant Total has been fined $398.2 million under US foreign corruption laws to resolve charges it bribed officials in Iran to secure oil and gas concessions, US authorities announced Wednesday. Total was fined $245.2 million by the Department of
Published 30 May, 2013 12:00am
UN call to financial arms for new war on poverty

UN call to financial arms for new war on poverty

Hundreds of billions of dollars have been spent battling extreme poverty and disease since 2000 and now the United Nations is lining up a new war on the social distress still suffered by huge numbers around the world. Ideas on targets to follow the Millen
Published 30 May, 2013 12:00am
UN call to financial arms for new war on poverty

UN call to financial arms for new war on poverty

Hundreds of billions of dollars have been spent battling extreme poverty and disease since 2000 and now the United Nations is lining up a new war on the social distress still suffered by huge numbers around the world. Ideas on targets to follow the Millen
Published 30 May, 2013 12:00am
UN call to financial arms for new war on poverty

UN call to financial arms for new war on poverty

Hundreds of billions of dollars have been spent battling extreme poverty and disease since 2000 and now the United Nations is lining up a new war on the social distress still suffered by huge numbers around the world. Ideas on targets to follow the Millen
Published 30 May, 2013 12:00am
India, Japan seek early deal on civil nuclear pact

India, Japan seek early deal on civil nuclear pact

Japanese Prime Minister Shinzo Abe and his Indian counterpart agreed on Wednesday to speed up talks on a deal to allow Japan to export nuclear plants and to strengthen security co-operation as both sides keep a wary eye on China's military clout. The Indo
Published 30 May, 2013 12:00am
India, Japan seek early deal on civil nuclear pact

India, Japan seek early deal on civil nuclear pact

Japanese Prime Minister Shinzo Abe and his Indian counterpart agreed on Wednesday to speed up talks on a deal to allow Japan to export nuclear plants and to strengthen security co-operation as both sides keep a wary eye on China's military clout. The Indo
Published 30 May, 2013 12:00am
China offers $2.2 billion loans, free trade pact to Sri Lanka

China offers $2.2 billion loans, free trade pact to Sri Lanka

China has offered Sri Lanka about $2.2 billion in loans for infrastructure projects and a free trade pact, the island nation said on Wednesday, moves that could stoke fresh unease in India about Beijing''s expanding influence in its neighbourhood.
Published 30 May, 2013 12:00am
China offers $2.2 billion loans, free trade pact to Sri Lanka

China offers $2.2 billion loans, free trade pact to Sri Lanka

China has offered Sri Lanka about $2.2 billion in loans for infrastructure projects and a free trade pact, the island nation said on Wednesday, moves that could stoke fresh unease in India about Beijing's expanding influence in its neighbourhood.
Published 30 May, 2013 12:00am
China offers $2.2 billion loans, free trade pact to Sri Lanka

China offers $2.2 billion loans, free trade pact to Sri Lanka

China has offered Sri Lanka about $2.2 billion in loans for infrastructure projects and a free trade pact, the island nation said on Wednesday, moves that could stoke fresh unease in India about Beijing's expanding influence in its neighbourhood.
Published 30 May, 2013 12:00am
Bank deposits post two percent growth

Bank deposits post two percent growth

The banking sector''s aggregate deposits during FY13 registered a meagre growth of two percent, inching up to Rs 6.8 trillion by May 17 this year. According to JS Global Securities, banks maintained their prudent lending stance, keeping credit off-take lo
Published 30 May, 2013 12:00am
Bank deposits post two percent growth

Bank deposits post two percent growth

The banking sector's aggregate deposits during FY13 registered a meagre growth of two percent, inching up to Rs 6.8 trillion by May 17 this year. According to JS Global Securities, banks maintained their prudent lending stance, keeping credit off-take low
Published 30 May, 2013 12:00am
Bank deposits post two percent growth

Bank deposits post two percent growth

The banking sector's aggregate deposits during FY13 registered a meagre growth of two percent, inching up to Rs 6.8 trillion by May 17 this year. According to JS Global Securities, banks maintained their prudent lending stance, keeping credit off-take low
Published 30 May, 2013 12:00am
10 die as Red Cross, governor's offices attacked

10 die as Red Cross, governor's offices attacked

At least 10 people were killed on Wednesday in two separate incidents when assailants targeted the offices of the Red Cross in the east and a governor's compound in central Afghanistan. In the first attack of its kind, the offices of the International Com
Published 30 May, 2013 12:00am
South Korea nuclear closures to heat up Asian LNG demand

South Korea nuclear closures to heat up Asian LNG demand

Asia's demand for natural gas to generate electricity is set to rise this summer as leading buyer South Korea joins Japan in snapping up cargoes of the fuel to plug a power shortfall after more nuclear reactors were shut over safety concerns. Seoul has wa
Published 30 May, 2013 12:00am
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