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Print - 2014-10-30
8th annual assembly of microfinance stakeholders on November 25

8th annual assembly of microfinance stakeholders on November 25

The 8th annual assembly of microfinance stakeholders will be held on 25th November 2014 in Karachi, attracting numerous experts and operational heads who will share their wisdom and discuss the sector's future strategy. The forum will dilate on critical n
Published 30 Oct, 2014 12:00am
Passing out parade held at PAF Base Korangi Creek

Passing out parade held at PAF Base Korangi Creek

Passing out of Aero Apprentices was held at PAF Base, Korangi Creek. Air Marshal Sohail Gul Khan Vice Chief of the Air Staff, PAF was the chief guest of the ceremony. Addressing the Aero Apprentices and all invitees, he said Pakistan Air Force was a highl
Published 30 Oct, 2014 12:00am
Unannounced loadshedding badly affecting small businesses

Unannounced loadshedding badly affecting small businesses

Thousands of small businesses and small industrial units have been incurring losses in the wake of prolonged power failures and unannounced loadshedding. Micro, small and medium enterprises (MSME) which include lathe machines, dry cleaning, battery chargi
Published 30 Oct, 2014 12:00am
GE expands global wind presence with first order in Pakistan

GE expands global wind presence with first order in Pakistan

Executing on growing the presence of renewable energy around the world, GE recently announced that it will supply equipment and procurement contractor HydroChina and wind farm customer Sapphire with 33 GE 1.5-82.5 wind turbines for the Sapphire Wind Power
Published 30 Oct, 2014 12:00am
Chief Minister grieved over Jhang road accident

Chief Minister grieved over Jhang road accident

Punjab Chief Minister Muhammad Shahbaz Sharif has expressed grief over the accident to an army vehicle on Jhang Road near Chiniot. The Chief Minister has expressed sympathies and condolences with the families of martyrs. He directed that best treatment fa
Published 30 Oct, 2014 12:00am
DG ISI pays farewell call on Nisar

DG ISI pays farewell call on Nisar

Outgoing Director General Inter Services Intelligence Agency (ISI) Lieutenant General Zaheer-ul-Islam made a farewell call on Federal Minister for Interior and Narcotics Control Chaudhry Nisar Ali here on Wednesday. Speaking on the occasion, Chaudhry Nisa
Published 30 Oct, 2014 12:00am
Killing of civilian in Rawlakot Protest lodged with India

Killing of civilian in Rawlakot Protest lodged with India

Pakistan on Wednesday lodged a protest with India over the indiscriminate firing by Indian troops in Rawlakot sector that resulted in killing of a 70-year-old civilian. According to Foreign Office spokesperson Tasnim Aslam, the protest was lodged through
Published 30 Oct, 2014 12:00am
UNSDP data AGP rejects FBR claim

UNSDP data AGP rejects FBR claim

The Auditor General of Pakistan (AGP) has rejected the claim of the Federal Board of Revenue (FBR) that the import figures of the United Nations Statistics Division for Pakistan (UNSDP) are not authentic, as the AGP has detected a massive shortfall in dut
Published 30 Oct, 2014 12:00am
KP police launch SMS complaint service

KP police launch SMS complaint service

In order to bring more improvement in close contact with the general public, ensure co-ordinated efforts against crimes and in-time action for redressal of public complaints all Additional IGPs, DIGs, DPOs and SDPOs in Khyber Pakhtunkhwa have been allotte
Published 30 Oct, 2014 12:00am
Dar discusses various matters with Japanese envoy

Dar discusses various matters with Japanese envoy

The Federal Minister for Finance, Senator Mohammad Ishaq Dar will visit Japan to explore new avenues of economic co-operation and seeking investment for projects in Pakistan. The Finance Minister discussed matters pertaining to such co-operation with the
Published 30 Oct, 2014 12:00am
PSM management: AGP detects huge financial loss to national kitty

PSM management: AGP detects huge financial loss to national kitty

Auditor General of Pakistan (AGP) has detected a billion of rupees financial loss to the national exchequer by the Pakistan Steel Mills (PSM) management. Auditor General maintained that the corporation has not complied with the requirements of IAS 16 "pro
Published 30 Oct, 2014 12:00am
Q1 net sales revenues of OGDCL up by Rs 64.395 billion

Q1 net sales revenues of OGDCL up by Rs 64.395 billion

The net sales revenue of Oil and Gas Development Company Limited (OGDCL) has increased to Rs 64.395 billion compared to Rs 62.426 billion in the corresponding period of last financial year. According to a press release, the Board of Directors of Oil & Gas
Published 30 Oct, 2014 12:00am
The Weather

The Weather

The weather report on Wednesday (October 29, 2014) and the forecast for Thursday (October 30, 2014).

Published 30 Oct, 2014 12:00am
Protest demo held against OGDCL sell-off

Protest demo held against OGDCL sell-off

The employees of Oil and Gas Development Company Limited (OGDCL) on Wednesday held a protest demonstration against the planned privatisation of state owned oil/gas Exploration and Production Company (E&P). The Islamabad police baton charged the protesters
Published 30 Oct, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 29, 2014).

Published 30 Oct, 2014 12:00am
Ministry furious at PSM 'shutdown'

Ministry furious at PSM 'shutdown'

Ministry of Industries and Production (MoI&P) is reportedly furious at Chief Executive Officer (CEO) Pakistan Steel Mills (PSM) Major-General Zaheer Khan (retired) due to "informal closure" of the mills for the last 20 days, well informed sources told
Published 30 Oct, 2014 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 Oct, 2014 12:00am
PPP MPA membership restored

PPP MPA membership restored

The Supreme Court on Wednesday restored provincial assembly membership of Pakistan People's Party's leader Dr Abdul Sattar Rajpar, which was suspended by Election Tribunal Sindh. A three-member bench headed by Chief Justice Nasirul Mulk resumed the hearin
Published 30 Oct, 2014 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 Oct, 2014 12:00am
ECP asks lower court to verify votes polled in NA-122

ECP asks lower court to verify votes polled in NA-122

The Election Commission of Pakistan (ECP) on Wednesday directed an additional district and session court judge in Lahore to verify votes polled in the NA-122 constituency in the general election 2013. Sources in the ECP said that the decision has been tak
Published 30 Oct, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 29, 2014).

Published 30 Oct, 2014 12:00am
SBP governor calls on Dar

SBP governor calls on Dar

Governor State Bank Ashraf Mehmood Wathra called on Federal Minister for Finance Senator Ishaq Dar here on Wednesday. According to a statement issued by the Finance Ministry during the meeting performance of the banking sector in the last quarter was disc
Published 30 Oct, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 29, 2014)

Published 30 Oct, 2014 12:00am
Cantonment board sets up emergency centre

Cantonment board sets up emergency centre

The Cantonment Board Hyderabad has informed that the Cyclone (Nilofer) Emergency Centre has been established in the office of Cantonment Board Hyderabad with Phone Nos 022-9200102 and 022-9200205 which will remain operational round-o-clock, throughout dur
Published 30 Oct, 2014 12:00am
Law, order in Balochistan: Budget not being spent properly: IL-Pakistan

Law, order in Balochistan: Budget not being spent properly: IL-Pakistan

Every year the provincial government of Balochistan allocates funds for law and order in the annual budget but the worsening security situation in the province shows that either the allocated funds is not being spent over the improvement of law and order
Published 30 Oct, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (October 29, 2014).

Published 30 Oct, 2014 12:00am
Jirga urges Speaker not to accept PTI MNAs' resignations

Jirga urges Speaker not to accept PTI MNAs' resignations

The Opposition Jirga, while urging the Speaker of National Assembly not to accept resignations of Pakistan Tehreek-e-Insaf (PTI) Members of National Assembly (MNAs), has warned the government it will pave the way for mid-term elections and could further i
Published 30 Oct, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 29, 2014).

Published 30 Oct, 2014 12:00am
Hamdard University professor honoured

Hamdard University professor honoured

Professor Dr Abdul Rehman Memon and Advisor to the Vice Chancellor of Hamdard University has recently clinched third prize for University Research. The 2013 prize was given to Dr Memon for his University Research on the theme "Economics of Higher Educatio
Published 30 Oct, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 29, 2014).

Published 30 Oct, 2014 12:00am
Malala to donate $50,000 to Gaza

Malala to donate $50,000 to Gaza

Malala Yousafzai, the youngest ever Nobel Peace Prize laureate, is to donate $50,000 (39,000 euros) to help rebuild United Nations schools in Gaza, the UN's Palestinian refugee agency said Wednesday. The 17-year-old Pakistani children's rights activist wo
Published 30 Oct, 2014 12:00am
Treason trial: Court urged to dismiss defence's plea

Treason trial: Court urged to dismiss defence's plea

A prosecutor on Wednesday urged a special court trying former army chief and President Pervez Musharraf to dismiss defence's plea through which it has sought the inclusion of former Prime Minister Shaukat Aziz and others as abettors in the case. Appearing
Published 30 Oct, 2014 12:00am
LHC annuls PMDC's policy for admission to MBBS

LHC annuls PMDC's policy for admission to MBBS

The Lahore High Court here on Wednesday set aside the Pakistan Medical and Dental Council (PMDC) quota-based admission policy in MBBS and ruled that it was the violation of fundamental right. Sadia and Asma Javed and others, candidates for MBBS have filed
Published 30 Oct, 2014 12:00am
KP Assembly demands release of Aafia Siddiqui

KP Assembly demands release of Aafia Siddiqui

Khyber Pakhtunkhwa Assembly on Wednesday passed a unanimous resolution demanding the release of Aafia Siddiqui from the US prison. The resolution tabled by Mohammad Ali, Jamaat-i-Islami (JI) MPA from district Dir Upper was also carrying the signatures of
Published 30 Oct, 2014 12:00am
Vohra elected SVP of PSNS

Vohra elected SVP of PSNS

Principal Post Graduate Medical Institute Professor Anjum Habib Vohra has been elected as senior vice-president of the Pakistan Society of Neuro Surgeons (PSNS). He was elected in the annual elections of the society held here Wednesday. As many as 150 mem
Published 30 Oct, 2014 12:00am
Indigenous on campus training program concludes at LUMHS

Indigenous on campus training program concludes at LUMHS

The concluding session of the "Indigenous on Campus Training Program" at Liaquat University of Medical & Health Sciences Jamshoro was held on Wednesday. The program was initiated under the Modern University Governance Program in collaboration with Learnin
Published 30 Oct, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (October 29, 2014).

Published 30 Oct, 2014 12:00am
State-of-the-art crop forecasting system installed at Suparco: Bosan

State-of-the-art crop forecasting system installed at Suparco: Bosan

Federal Minister National Food Security and Research Sikandar Hayat Khan Bosan has said that state-of-the-art crop forecasting system has been installed at Suparco and the Crop Reporting Services of Punjab and Sindh by the Food and Agriculture Organisatio
Published 30 Oct, 2014 12:00am
Curbing under-invoicing: FBR asked to devise mechanism

Curbing under-invoicing: FBR asked to devise mechanism

Auditor General of Pakistan (AGP) has directed the Federal Board of Revenue (FBR) to devise a mechanism to verify the actual price of the imported commodities directly from the manufacturers and suppliers of the major trade partners with whom free trade a
Published 30 Oct, 2014 12:00am
EOBI will not sustain till 2021, National Assembly told

EOBI will not sustain till 2021, National Assembly told

Minister for Defence Production, Rana Tanveer Hussain Wednesday said that the Employees Old Age Benefit Institution (EOBI) will not sustain till 2021. Responding to a calling attention notice regarding failure of EOBI to increase the amount of pension of
Published 30 Oct, 2014 12:00am
SECP relocates Quetta CRO

SECP relocates Quetta CRO

The Securities and Exchange Commission of Pakistan (SECP) has moved its Quetta Company Registration Office (CRO) to a new location. The CRO is now located in the Aiwan-e-Mashriq, Plot No 4-A, Ground Floor, Opposite FC Headquarters, Hali Road, Model Town,
Published 30 Oct, 2014 12:00am
Pioneer of Bestway Group retires

Pioneer of Bestway Group retires

Kaiser Yousaf, a pioneer of wholesale trade of Bestway Group, retired from the business on Wednesday. Kaiser began with Bestway in 1982 as a non-food buyer at the Victoria Road depot in Acton. His career took him all across England and Wales and he was in
Published 30 Oct, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Oct, 2014 12:00am
Altaf demands population census under army's supervision

Altaf demands population census under army's supervision

Mutahida Qaumi Movement (MQM) chief Altaf Hussain on Wednesday called for population census under the supervision of army. Speaking at an impromptu news conference from London via phone, Altaf Hussain said that a number of new problems are cropping up due
Published 30 Oct, 2014 12:00am
The answer is good governance

The answer is good governance

That PTI chairman Imran Khan's anti-government protest still persists is nothing but a profound challenge to the incumbent Prime Minister Nawaz Sharif. That is why he met leaders of all parliamentary parties to take stock of post-Dr Qadri dharna situation
Published 30 Oct, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Oct, 2014 12:00am
Denied land access, Palestinians miss olive harvest

Denied land access, Palestinians miss olive harvest

Abbas Yusef points wistfully towards his olive trees, which are bearing their annual fruit. Yet again, the 70-year-old Palestinian farmer will be unable to make the autumn harvest. Yusef's olive groves lie on land either side of an Israeli settlement in t
Published 30 Oct, 2014 12:00am
Idea versus expression test under US copyright law

Idea versus expression test under US copyright law

Copyright law does not protect ideas or other no-expressive elements of a work. The law protects only the elements of work that are considered as creative expressions such as a particular way an author expresses an idea. For example, a novel is a creative
Published 30 Oct, 2014 12:00am
VIEW POINT: Zia ghost needs to be exorcised

VIEW POINT: Zia ghost needs to be exorcised

Military ruler General Ziaul Haq departed this world more than 26 years ago, but that supreme hypocrite's ghost continues to haunt almost every sphere of our national life. Using religion to seek validation of his power grab, he sowed seeds of so many pro
Published 30 Oct, 2014 12:00am
Huge support for Kashmiris' struggle

Huge support for Kashmiris' struggle

Except for the unwanted distraction - that indeed is a dirty reflection of our national politics - the Kashmiris' 'million march' in London on Sunday was a great success. Thousands of people had turned up to join the march called by former AJK prime minis
Published 30 Oct, 2014 12:00am
Pakistan as an investment destination

Pakistan as an investment destination

At the inaugural session of the two-day international investment conference organised by the Board of Investment (BoI), Prime Minister Nawaz Sharif stated that the present government encourages investment as a tool of economic development as well as long-
Published 30 Oct, 2014 12:00am
Moot on advances in parasitology, public health research organised

Moot on advances in parasitology, public health research organised

The University of Veterinary and Animal Sciences Lahore's constituent College of Veterinary and Animal Sciences (CVAS), Jhang organised an international conference on "Advances in Parasitology and Public Health Research (ICPPH-2014)." The theme of the con
Published 30 Oct, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (October 29, 2014).

Published 30 Oct, 2014 12:00am
ICMA Pakistan holds Honors Convocation

ICMA Pakistan holds Honors Convocation

Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) organised Honors Convocation here on Wednesday. Students, who qualified from June 2012 to June 2014, received their certificates. Honour certificates were also offered to the faculty
Published 30 Oct, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (October 29, 2014).

Published 30 Oct, 2014 12:00am
Plea against Qadri rejected

Plea against Qadri rejected

The Lahore High Court here on Wednesday rejected a petition seeking details of 40 different cases registered against Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri. The petition was fixed before the single bench headed by Justice Syed Mansoor Ali Sha
Published 30 Oct, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (October 29, 2014).

Published 30 Oct, 2014 12:00am
Transportation of goods: Railways offers services to ATT group

Transportation of goods: Railways offers services to ATT group

Divisional Superintendent (DS) Pakistan Railways, Peshawar, Mohammad Ali Afridi has offered the services of Pakistan Railways to Afghan Transit Traders' Group for the transportation of the goods of Afghan Transit Trade (ATT). He made the offer during a me
Published 30 Oct, 2014 12:00am
FCCI chief for resolving footwear industry's problems

FCCI chief for resolving footwear industry's problems

Footwear industry has great potential to grow and businessmen related with manufacturing of shoes, its trading and export should come within the folds of Faisalabad Chamber of Commerce and Industry to resolve its inherent problems and have direct access t
Published 30 Oct, 2014 12:00am
'War against terrorism hits country's economic development'

'War against terrorism hits country's economic development'

Provincial Minister for Home Colonel Shuja Khanzada (Retd) has said that war against terrorism has badly affected economic development of the country due to which it is facing new challenges in social sector. He said this while talking to a six-member del
Published 30 Oct, 2014 12:00am
'More steps needed to eradicate dengue'

'More steps needed to eradicate dengue'

"Dengue situation is improving gradually due to 100 percent case response of dengue patients and reduction in temperature but still there is dire need to take further steps to eradicate dengue completely in the future." Advisor to Chief Minister Punjab on
Published 30 Oct, 2014 12:00am
Power tariff: PIAF seeks Prime Minister's help against frequent hikes

Power tariff: PIAF seeks Prime Minister's help against frequent hikes

Pakistan Industrial and Traders Associations Front (PIAF) has sought the help of Prime Minister Nawaz Sharif against repeated increases in the electricity tariff. PIAF Chairman Malik Tahir Javed in a statement on Wednesday feared that any further hike in
Published 30 Oct, 2014 12:00am
Punjab government approves 10 uplift schemes

Punjab government approves 10 uplift schemes

The Punjab government on Wednesday approved ten development schemes of various development sectors with an estimated cost of Rs 7874.244 million. These schemes were approved in the 20th meeting of Provincial Development Working Party of current fiscal yea
Published 30 Oct, 2014 12:00am
PN ready to provide relief to inhabitants of coastal areas

PN ready to provide relief to inhabitants of coastal areas

Since the formation of tropical cyclone Nilofar, Pakistan Navy has taken a number of initiatives and is ready with requisite assets to provide assistance to the inhabitants of Coastal areas of Sindh and Balochistan in case of any emergency.
Published 30 Oct, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (October 29, 2014).

Published 30 Oct, 2014 12:00am
VU, University of Sargodha sign MoU

VU, University of Sargodha sign MoU

A memorandum of understanding (MoU) was signed between Virtual University of Pakistan and University of Sargodha (UoS). Through this memorandum, the two institutions will offer joint degree programmes in the field of education and research. Students of Uo
Published 30 Oct, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (October 29, 2014).
Published 30 Oct, 2014 12:00am
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