SBP pulls Rs 17bn out of money market

The State Bank of Pakistan has pulled extra money of Rs 17 billion out of money market by selling of T-bills on Thursday.

The Central Bank withdrew the money through repo sales. The bank will re-buy sold T-bills after 8 days and will pay profit at the annual rate of 12.19 percent. Money Market dealers made offers worth 25.10 billion rupees. The bank has sold T-bills of worth Rs 45.50 billion during last three days.

Eid festivities continue across Pakistan

Staff Report

KARACHI: Eid-ul-Adha celebrations continued across the country on Friday to commemorate the willingness of Hazrat Ibrahim to sacrifice his son Ismail as an act of obedience to God.

A large number of people in Karachi and other parts of the country offered Hazrat Ibrahim’ Sunnah today as prices of livestock dropped on the second day of the Eid.

Eid al-Adha celebrations start after the Haj, the annual pilgrimage to Mecca in Saudi Arabia by Muslims worldwide, descend from Mount Arafat. Trend Pk

Heidi Klum’s 2010 Halloween Party

Heidi Klum’s 2010 Halloween Party, Heidi Klum walks the red carpet at her annual Halloween party held at Lavo on Sunday (October 31) in New York.

The 37-year-old supermodel was dressed as a robotic superhero. Heidi’s skin-tight, red-and-purple armor was designed by Martin Izquierdo, who designed the famous Victoria’s Secret angel wings.

JustJared.com’s Jared Eng attended the party as pop phenom Ke$ha, where he ran into Sports Illustrated cover model Brooklyn Decker, who went as a pink troll doll!

Also in attendance at the soiree was Kim Kardashian (as a sexy Little Miss Riding Hood), model Chrissy Teigen (as Cleopatra), and Arc NY’s Lorenzo Martone.

CNG stations remain closed in parts of Punjab

Staff Report

LAHORE: Under the Gas Load Management Plan, all CNG stations of Lahore, Gujranwala and Multan regions remain closed for the second straight day on Wednesday.

Owing to the annual closure of Zamzama Gas Field, one-day weekly closure of CNG stations in Punjab was increased to two days.

The stations will resume gas supply on Thursday.

People complained that transporters and auto rickshaw drivers were overcharging because of the closure.

The CNG Association has announced to hold a demonstration in Lahore against the extended weekly closure. Trend Pk

Gold price hikes hit sales in India as Diwali nears

MUMBAI: Soaring prices are making Indians hesitant about buying gold as the Hindu festival of Diwali approaches, despite it being seen as an auspicious time to purchase the precious metal.

Firm international and local prices have made people delay or stagger buying, hoping that prices level off as the annual wedding season starts next month, analysts and consumers said.

Shantilal Makwana is typical of many Indians. He is looking to buy jewellery for his teenage daughter, which he will give to her when she gets married.

But he has been watching and waiting for three months to see if prices fall.

“I’ve saved up money. It is an auspicious time, but gold is just too costly,” said the 46-year-old, who works at an electronics repair shop in India’s financial capital, Mumbai.

“I will wait till prices drop,” he told AFP.

International gold

Gold price hikes hit sales in India as Diwali nears

MUMBAI: Soaring prices are making Indians hesitant about buying gold as the Hindu festival of Diwali approaches, despite it being seen as an auspicious time to purchase the precious metal.

Firm international and local prices have made people delay or stagger buying, hoping that prices level off as the annual wedding season starts next month, analysts and consumers said.

Shantilal Makwana is typical of many Indians. He is looking to buy jewellery for his teenage daughter, which he will give to her when she gets married.

But he has been watching and waiting for three months to see if prices fall.

“I’ve saved up money. It is an auspicious time, but gold is just too costly,” said the 46-year-old, who works at an electronics repair shop in India’s financial capital, Mumbai.

“I will wait till prices drop,” he told AFP.

International gold

80th Urs of Saman Sarkar begins in Badin

By Suleman Mandhro

BADIN: The ceremonies of 80th Urs of Sufi saint Saman Sarkar have began in Pingrio near Badin on Friday.

The Urs was begun by the successor of the shrine, Syed Ali Bux, amid presence of great number of devotees of Saman Sarkar who had come from different parts of country.

For the facility of pilgrims various kinds of stalls had been installed whence people purchased articles of their choice.

On the occasion arrangements for sufi music had been made where sufi singers will perform during the annual rituals for next three days. SAMAA

CNG stations to reopen in Punjab. KP tomorrow

Sui Northern Gas Pipelines Limited (SNGPL) on Wednesday announced to reopen the CNG filling stations on Thursday (tomorrow).
President of All Pakistan CNG Association Ghayas Paracha said that the closure notification has been withdrawn by the government on request. On Monday, SNGPL has announced to suspend gas supply to all the industrial units for five days due to the annual 10-day closure of closure of Qadirpur gas field. Besides, all the CNG stations will also remain close for three days.
According to the sources of SNGPL, the closure of Qadirpur gas field till October 19 will cause decrease in gas availability from 1,900 million cubic feet to 1,500 million cubic feet. To overcome this shortfall, SNGPL decided to suspend gas supply.

CNG stations shut in Punjab

Staff Report

LAHORE: All the CNG stations in Punjab have been closed today due to the annual ten day closure of Qadirpur gas field, said sources Wednesday.

According to SNGPL sources, the closure of Qadirpur gas field till October 19 will cause a decrease in gas availability from 1,900 million cubic feet to 1,500 million cubic feet. To overcome the shortfall of 400 million cubic feet, Sui Northern Gas Pipelines Limited (SNGPL) decided to suspend gas supply to all industrial units for five days, efffective September 13.

1,800 CNG stations have been closed in Punjab today.

Weekly holidays will resume at CNG stations and industrial units after the construction of Qadirpur gas field. SAMAA

Ahmadinejad to attend UN disarmament meeting – Ban

UNITED NATIONS: Iranian President Mahmoud Ahmadinejad plans to attend a high-level U.N. meeting next week aimed at reviving stalled global disarmament talks, U.N. Secretary-General Ban Ki-moon said on Monday.

That meeting, scheduled for Sept. 24 during the annual General Assembly gathering of world leaders in New York, follows 12 years of inaction at the world’s sole multilateral disarmament negotiating forum in Geneva.

“The schedule has not been firmly set, but I understand he (Ahmadinejad) is going to participate in the high-level meeting on disarmament,” Ban told reporters during a monthly news conference.

He added that he had received a request from Ahmadinejad for a bilateral meeting while the Iranian president is in town.

A U.S. official told Reuters in Washington that President arack Obama would probably not attend the disarmament talks, since

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