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News for Monday, 25 Apr 2011

Youth commits suicide

A 25-year-old man committed suicide in South Cantt police precincts on Monday. The victim was identified as Arif Masih, son of Allah Ditta, resident of Chechawatni. The police said that...

Punjab government and Noranko sign LRMTS agreement

Lahore Transport Company (LTC) Chairman Khawja Ahmed Hassan announced at Chief Minister (CM)’s Secretariat on Monday that the Punjab government and a Chinese company, Noranko signed an agreement for Lahore...

Meezan Bank launches laptop financing

Pakistan’s first and largest Islamic bank, Meezan Bank has launched a new consumer financing product that will allow customers to purchase laptops on easy installments. The new product called Laptop...

Rs 1.2m taken in daring daylight heist

Four armed robbers looted valuables worth millions of rupees from a bank and injured its security guard at Main Walton Road in the Factory Area Police Station precincts in broad...

KSE investors cautious

Budget proposals from the government with the expected introduction of Reformed General Sales Tax (RGST) and the Wealth Tax along with an increase in corporate tax rate kept a high...

Fire engulfs restaurants in DHA

Four fire incidents were reported in the city on Monday. In the first incident, valuables worth thousands of rupees reduced to ashes when seven cylinders at adjacent hotels exploded in...

Govt likely to lose Rs 4.5 billion in custom duty

The government is expected to loose custom duty of Rs 4.5 billion in this fiscal year, as a result of a halt in import of completely knocked down (CKD) kits...

Inputs, exports to propel a rise in mango prices

Prices of mango will remain high this year, primarily due to expensive inputs and recent hailstorms in various parts of the city. In addition, an increase in exports would also...

Japan n-plant operator slashes wages

The operator of Japan’s stricken nuclear power plant said Monday it will halve the yearly salaries of its board members as it seeks to absorb the financial hit from the...

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