Flour to be sold at Rs 20 per kg during Ramzan in Sindh

KARACHI: Sindh government will make special arrangements for the sale of flour at Rs 20 per kilogram under Ramzan Package.

This decision was taken at high level meeting presided over by Sindh Chief Minister Syed Qaim Ali Shah at CM house here on Friday.

Food Minister Mir Nadir Magsi, Minister for Prices and Supplies Shoaib Bukhari, Minister Syed Sardar Ahmed and secretary Food, Finance, Local Governments and Home also attended the meeting.

The meeting decided that special stalls will be set up outside flour mills all over the province to sell 10 kg bags at concessional rates of Rs 200 per bag.

The meeting was told that Food Department will supply of 120,000 metric tons of wheat to flour mills in Karachi and 100,000 MT of wheat for flour mills in other parts of Sindh. Sindh government will pay a subsidy of Rs 2 billion for this purpose.

Addressing the meeting Chief Minister asked concerned departments to take steps against hoarding of wheat and other necessary food items. Sindh government will provide wheat to flour mills, he added.

The meeting was told that a package for the supply of sugar and oil and ghee at concessional rates will also be considered in next couple of days.

The meeting was told that flour was selling at Rs 28 per kg in the open market.

UBL declares 10% dividend

KARACHI: United Bank Limited (UBL) has posted a record consolidated profit before tax of Rs 5.125 billion for six months ending June 30, 2010 and declared 10 percent cash dividend.

According to financial results sent to KSE here on Friday, the pre-tax profit of the bank also surged to Rs 8.509 billion in six months of 2010 against Rs 4.597 billion during same period of 2009.

The earning per share also improved to Rs 4.22 during the period under review compared to Rs 3.75 in 2009.

Ash walked Cannes in Indian outfit

CANNES: Bollywood actress Aishwarya Rai, who in recent years wore western clothes at the Cannes Film Festival, walked down the red carpet at the gala event in an Indian outfit designed by Sabyasachi.

Excerpt from: 
Ash walked Cannes in Indian outfit

Flush Asians splash out on luxuries: survey

SINGAPORE: Things are looking up in the Asia Pacific, a new survey shows, with most consumers saying they’re confident about their jobs and the economy in the next six months, which is encouraging them to spend on luxury items.

Read more from the original source: 
Flush Asians splash out on luxuries: survey

Govt mulls over closure of PSM for one year

KARACHI: The administration of Pakistan Steels Mill has started preparations for closure of plant for six months to one year.

The Director Production has directed all concerned general managers to submit detailed feasibility reports about the proposal, according to PSM sources.

The incharges of all departments have been asked to provide feasibility of possible expenses to execute the plan to shut down the mill for six months.

They have also been asked to provide an estimation of the cost to run the plant again after a gap of six months or a year.

Federal Minister Mir Hazar Khan Bijranai had announced that Rs20 billion-bailout package would be provided for the PSM.

Japan’s Factory Output Grows

TrendPK.com Japan’s Factory Output Grows:Japan’s factory output grew the most in six months in November as a recovery in export demand from Asia boosted production of cars, flat screen televisions and other goods in the world’s second-biggest economy.
Factory output – a key barometer of Japan’s economic health – was up 2.6 [...]

Bid To Reopen Ruchika Case,Ruchika Molestation Case

TrendPK.com Bid To Reopen Ruchika Case,Ruchika Molestation Case:A day after a CBI court sentenced SPS Rathore to six months in jail in the 19-year-old Ruchika Girhotra molestation case, the complainants on Tuesday said they would approach the judiciary again to reopen the case, reinvestigate and charge the former Haryana DGP with abetment [...]

Dr. Siegal’s Cookie Diet

TrendPK.com Dr. Siegal’s Cookie Diet:Diet cookies will be good for diet conscious people.
Is it true…?
Dr. siegal said it is true. Dr. siegal s cookie diet is there for such people.
A 29 year-old mother from Phoenix who lost 120 pounds in six months with the help of the Dr. Siegal’s COOKIE DIET six-cookies-a-day [...]