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Print - 2013-02-13
Women's struggle for human rights commended

Women's struggle for human rights commended

The Pakistan Peoples' Party Human Rights Cell has commended women's struggle for human rights on the National Day for Women. The cell members recounted that many women have made the nation proud. "Women of Pakistan have defined, strived for and worked tow
Published 13 Feb, 2013 12:00am
HBL approves financial statements

HBL approves financial statements

The Board of Directors of HBL in its meeting held on February 12, 2013 reviewed the performance of the Group and approved the financial statements for the year ended December 31, 2012. The performance of HBL during the year under review was characterised
Published 13 Feb, 2013 12:00am
Dubai Islamic Bank bids farewell to UAE Consul General

Dubai Islamic Bank bids farewell to UAE Consul General

Dubai Islamic Bank Pakistan bid farewell to UAE Consul General, His Excellency Suhail bin Matar Al Ketbi at a dinner held in Karachi. At this occasion His Excellency said that the UAE remains the biggest foreign investor in Pakistan and firmly remains com
Published 13 Feb, 2013 12:00am
Prominent political figure of Kohistan joins ANP

Prominent political figure of Kohistan joins ANP

Prominent political personality of district Kohistan, Malik Sher Baz Khan of Palas Tuesday called on Chief Minister, Khyber Pakhtunkhwa, Amir Haider Khan Hoti and announced joining ANP along with his hundred of associates.
Published 13 Feb, 2013 12:00am
Three-decade-old litigation

Three-decade-old litigation

Justice is nothing, if not quick and effective relief to the affected and aggrieved. Through this letter, I wish to draw the kind attention of the honourable Chief Justice of Pakistan, to CPLA 1607/2012, a matter in continuous litigation, since last 31 ye
Published 13 Feb, 2013 12:00am
Obama to focus on economy in State of the Union speech

Obama to focus on economy in State of the Union speech

US President Barack Obama is to refocus his efforts on jump-starting the economy in his State of the Union address at the US Capitol as he lays out more specifics about his plans for his second term in office. The annual address, which airs Tuesday during
Published 13 Feb, 2013 12:00am
Gas crisis

Gas crisis

Pakistan produces around 4 bcf per day (bcfd) natural gas out of which 3.2 bcfd is available to the two Gas Utility companies viz SSGC and SNGPL. The balance is a dedicated supply for fertiliser and power that is direct and not supplied through the utilit
Published 13 Feb, 2013 12:00am
Real profit

Real profit

Having concluded in earlier articles that money is an illusion and that inflation is a silent cancer for wealth, this particular part in the series on profit is in a manner of speaking, superfluous. Nonetheless it is necessary to cover all aspects prior t
Published 13 Feb, 2013 12:00am
Guru's hanging

Guru's hanging

India's Congress-led coalition appears to be much in the need of making up for its loss of face among the Hindu vote because of Home Minister Shinde's gaff about the BJP's anti-Muslim mindset. Not only were the opposition parties exploiting it, a signific
Published 13 Feb, 2013 12:00am
Monetary matters

Monetary matters

A positive nod from the Central Board of Directors of the State Bank to reduce liquidity injected through open market operations (OMOs) in a phased manner, as reported by this newspaper on 11th February, 2013, would appear to be a welcome move because of
Published 13 Feb, 2013 12:00am
Nurses urged to enhance professional skills

Nurses urged to enhance professional skills

Post Graduate Medical Institute and Ameer-ud-Din Medical College Principal Professor Anjam Habib Vohra has said that the nurses being the pivotal part of health sector bring message of hope and recovery for ailing humanity. He said that students are the f
Published 13 Feb, 2013 12:00am
Pak-Nigerian joint commission constituted

Pak-Nigerian joint commission constituted

Nigeria-Pakistan Joint Commission has been constituted to further strengthen bilateral trade and investment relations and an agreement is to be signed soon, frequent exchange of trade delegations and trade fairs will be organised, this stated by High Comm
Published 13 Feb, 2013 12:00am
LSE holds first session of campus outreach programme

LSE holds first session of campus outreach programme

First session of Campus Outreach Programme held on Tuesday for the students of Bachelor of Sciences in Information Technology from University of Education by Lahore Stock Exchange in collaboration with South Asian Federation of Exchange (SAFE) where LSE's
Published 13 Feb, 2013 12:00am
'Pakistan-Malaysia bilateral trade needs to be enhanced'

'Pakistan-Malaysia bilateral trade needs to be enhanced'

Bilateral trade is needed to be enhanced between Pakistan and Malaysia as both countries are potential markets, said High Commissioner of Malaysia in Pakistan Dr Hasrul Sani Mujtabar while speaking at the Lahore Chamber of Commerce and Industry. He urged
Published 13 Feb, 2013 12:00am
Crackdown against Chingchi rickshaws ordered

Crackdown against Chingchi rickshaws ordered

District Co-ordination Officer (DCO) Lahore Noor-ul-Amin Mengal has ordered a crackdown on Chingchi rickshaw without silencers. He has established a special team under the supervision of the DO (Environment) disclosed an official here on Tuesday.
Published 13 Feb, 2013 12:00am
Coca-Cola extends sponsorship to Karachi Literature Festival

Coca-Cola extends sponsorship to Karachi Literature Festival

Coca-Cola Pakistan has come forward to extend sponsorship support to the Karachi Literature Festival, being held in the city from February 15 to 17, 2013. The KLF, now in its fourth year, is the country's biggest literary event and this year will host abo
Published 13 Feb, 2013 12:00am
Ahmed Mukhtar to be PPP candidate from Gujrat: Wattoo

Ahmed Mukhtar to be PPP candidate from Gujrat: Wattoo

President PPP Punjab Manzoor Wattoo said on Tuesday that Chaudhry Ahmed Mukhtar would be election candidate of the PPP from Gujrat. Addressing a press conference after party meeting in the city, Wattoo said Chaudhry Ahmed Mukhtar has the capability of win
Published 13 Feb, 2013 12:00am
50 percent of Multan city uplift fund 'pocketed', DCO alleges

50 percent of Multan city uplift fund 'pocketed', DCO alleges

More than Rs 72 billion were spent on the development of the Multan city, of them Rs 36 billion were distributed injudiciously among the victims as well as commission mafia and people became millionaire over night.
Published 13 Feb, 2013 12:00am
LHC CJ takes notice of two crime incidents

LHC CJ takes notice of two crime incidents

Chief Justice of Lahore High Court Umar Ata Bandial here on Monday took notice of two crime incidents including rape and murder of 7-year-old girl and rape of a woman. CJ directed the district and sessions judges of Sialkot and Sheikhupura to look into th
Published 13 Feb, 2013 12:00am
Weather advisory issued for farmers

Weather advisory issued for farmers

The Meteorological department has issued following weather advisory for farmer for period from February 11 to 20, 2012. Temperature Forecast: Day & night temperatures expected to be normal in most of the agricultural plains of the country during the decad
Published 13 Feb, 2013 12:00am
Ogra scam: investigator being harassed?

Ogra scam: investigator being harassed?

The Capital Development Authority (CDA) and city administration on Tuesday sealed the residence of a National Accountability Bureau (NAB) officer investigating Ogra scam.
Published 13 Feb, 2013 12:00am
Biometrics system to be installed in police offices

Biometrics system to be installed in police offices

The biometrics system would be installed in the police offices to check attendance and eliminate ghost employees. A police statement said on Tuesday that a decision to this effect was made by the Inspector General of Police (IGP), Sindh, Fayyaz Ahmed Legh
Published 13 Feb, 2013 12:00am
Pakistan, Netherlands review bilateral ties

Pakistan, Netherlands review bilateral ties

Third round of bilateral political consultations between Pakistan and the Netherlands was held in the Hague (Netherlands). During the consultations, the two sides reviewed bilateral relations including co-operation in the political'economic' cultural educ
Published 13 Feb, 2013 12:00am
Prime Minister telephones Malala‚ enquires about her health

Prime Minister telephones Malala‚ enquires about her health

Prime Minister Raja Pervez Ashraf spoke on telephone with Malala Yousufzai this afternoon (Tuesday) to enquire about her health. The Prime Minister while talking to Malala Yousufzai said he was pleased to learn that she was recovering fast after the surge
Published 13 Feb, 2013 12:00am
Max spread in open market: ECAP welcomes SBP decision

Max spread in open market: ECAP welcomes SBP decision

Exchange Companies Association of Pakistan (ECAP) on Tuesday welcomed the State Bank of Pakistan's decision to impose maximum spread between the buying and selling rates of foreign currencies in the open market. Talking to Business Recorder, ECAP C
Published 13 Feb, 2013 12:00am
CNG stations to remain closed for 24 hours

CNG stations to remain closed for 24 hours

All the CNG stations in Sindh will remain closed for 24 hours only from 8 am Wednesday (February 13) till 8 am on Thursday (February 14), 2013. A spokesman of Sui Southern Gas Company (SSGC) warned here on Tuesday, that CNG stations found operative during
Published 13 Feb, 2013 12:00am
Consensus over interim government to be developed: Zardari

Consensus over interim government to be developed: Zardari

President Asif Ali Zardari on Tuesday said that the interim government would have non-controversial people so that no one could question its sincerity He said consensus would be developed over the interim government and date for elections. In an interview
Published 13 Feb, 2013 12:00am
PBC demands meaningful representation in superior judiciary

PBC demands meaningful representation in superior judiciary

Pakistan Bar Council (PBC) Tuesday reiterated its demand for meaningful consultation of representatives of the Bar in the process of judges' appointment for superior judiciary. Addressing a press conference, vice chairman PBC, Syed Qalb-i-Hassan, highligh
Published 13 Feb, 2013 12:00am
Pakistan far away from securing GSP-Plus incentives

Pakistan far away from securing GSP-Plus incentives

Pakistan would have to provide evidence to the European Union (EU) that it has taken concrete steps to control rampant corruption and improved governance to secure trade incentives under the Generalised System of Preferences plus (GSP plus), sources said
Published 13 Feb, 2013 12:00am
Nestle Pakistan Limited

Nestle Pakistan Limited

Nestle Pakistan Limited is one of the leading nutrition health and wellness company of Pakistan. Nestlé Pakistan is a subsidiary of Nestle S.A, a Swiss multi-national nutritional, snack food and health-related company headquartered in Vevey Switzerland.
Published 13 Feb, 2013 12:00am
Nestle Pakistan Limited

Nestle Pakistan Limited

Nestle Pakistan Limited is one of the leading nutrition health and wellness company of Pakistan. Nestlé Pakistan is a subsidiary of Nestle S.A, a Swiss multi-national nutritional, snack food and health-related company headquartered in Vevey Switzerland.
Published 13 Feb, 2013 12:00am
Blended coal: two projects to be set up in Sindh

Blended coal: two projects to be set up in Sindh

The government has reportedly agreed to set up two blended coal thermal power projects in Sindh after the Council of Common Interests (CCI) cleared the proposal of Ministry of Water and Power in its previous meeting, well-informed sources told Business
Published 13 Feb, 2013 12:00am
Blended coal: two projects to be set up in Sindh

Blended coal: two projects to be set up in Sindh

The government has reportedly agreed to set up two blended coal thermal power projects in Sindh after the Council of Common Interests (CCI) cleared the proposal of Ministry of Water and Power in its previous meeting, well-informed sources told Business
Published 13 Feb, 2013 12:00am
Blended coal: two projects to be set up in Sindh

Blended coal: two projects to be set up in Sindh

The government has reportedly agreed to set up two blended coal thermal power projects in Sindh after the Council of Common Interests (CCI) cleared the proposal of Ministry of Water and Power in its previous meeting, well-informed sources told Business
Published 13 Feb, 2013 12:00am
The Weather

The Weather

The weather report on Tuesday (February 12, 2013) and the forecast for Wednesday (February 13, 2013).

Published 13 Feb, 2013 12:00am
ECO states seek to promote trade, investment

ECO states seek to promote trade, investment

The first general conference of Parliamentary Assembly of Economic Co-operation Organisation (PAECO) countries emphasised on the promotion of intra-regional trade, investment and visa free regime to ensure sustainable socio-economic development in the reg
Published 13 Feb, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 12, 2013).

Published 13 Feb, 2013 12:00am
ECO states seek to promote trade, investment

ECO states seek to promote trade, investment

The first general conference of Parliamentary Assembly of Economic Co-operation Organisation (PAECO) countries emphasised on the promotion of intra-regional trade, investment and visa free regime to ensure sustainable socio-economic development in the reg
Published 13 Feb, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (February 12, 2013).

Published 13 Feb, 2013 12:00am
ECO states seek to promote trade, investment

ECO states seek to promote trade, investment

The first general conference of Parliamentary Assembly of Economic Co-operation Organisation (PAECO) countries emphasised on the promotion of intra-regional trade, investment and visa free regime to ensure sustainable socio-economic development in the reg
Published 13 Feb, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (February 12, 2013) and for Wednesday (February 13, 2013).
Published 13 Feb, 2013 12:00am
FBR SRO favours Sindh sugar mills

FBR SRO favours Sindh sugar mills

The Federal Board of Revenue is said to have favoured sugar mills of Sindh zone in a Statutory Regulatory Order (SRO) under the guise of a decision taken by the Economic Co-ordination Committee (ECC) of the Cabinet last month. Official documents reveal th
Published 13 Feb, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (February 12, 2013).

Published 13 Feb, 2013 12:00am
FBR SRO favours Sindh sugar mills

FBR SRO favours Sindh sugar mills

The Federal Board of Revenue is said to have favoured sugar mills of Sindh zone in a Statutory Regulatory Order (SRO) under the guise of a decision taken by the Economic Co-ordination Committee (ECC) of the Cabinet last month. Official documents reveal th
Published 13 Feb, 2013 12:00am
FBR SRO favours Sindh sugar mills

FBR SRO favours Sindh sugar mills

The Federal Board of Revenue is said to have favoured sugar mills of Sindh zone in a Statutory Regulatory Order (SRO) under the guise of a decision taken by the Economic Co-ordination Committee (ECC) of the Cabinet last month. Official documents reveal th
Published 13 Feb, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (February 12, 2013).

Published 13 Feb, 2013 12:00am
Ephedrine case: Lashari issued fresh notice

Ephedrine case: Lashari issued fresh notice

A special court of Control of Narcotics Substances (CNS) on Tuesday issued a fresh notice to Khoshnood Khan Lashari, former principal secretary to prime minister and former secretary health, one of the accused in ephedrine quota allotment case. Special Ju
Published 13 Feb, 2013 12:00am
Ephedrine case: Lashari issued fresh notice

Ephedrine case: Lashari issued fresh notice

A special court of Control of Narcotics Substances (CNS) on Tuesday issued a fresh notice to Khoshnood Khan Lashari, former principal secretary to prime minister and former secretary health, one of the accused in ephedrine quota allotment case. Special Ju
Published 13 Feb, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 12, 2013).

Published 13 Feb, 2013 12:00am
Import under credit facility: first urea shipment arrives at Gwadar port

Import under credit facility: first urea shipment arrives at Gwadar port

The first urea consignment of some 27,500 tons, imported by state-run grain trader from Saudi Basic Industries Corporation (SABIC) under the credit facility, has reached Gwadar Port. In January this year, a commercial agreement was signed between Trading
Published 13 Feb, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 12, 2013).

Published 13 Feb, 2013 12:00am
Import under credit facility: first urea shipment arrives at Gwadar port

Import under credit facility: first urea shipment arrives at Gwadar port

The first urea consignment of some 27,500 tons, imported by state-run grain trader from Saudi Basic Industries Corporation (SABIC) under the credit facility, has reached Gwadar Port. In January this year, a commercial agreement was signed between Trading
Published 13 Feb, 2013 12:00am
Import under credit facility: first urea shipment arrives at Gwadar port

Import under credit facility: first urea shipment arrives at Gwadar port

The first urea consignment of some 27,500 tons, imported by state-run grain trader from Saudi Basic Industries Corporation (SABIC) under the credit facility, has reached Gwadar Port. In January this year, a commercial agreement was signed between Trading
Published 13 Feb, 2013 12:00am
Parliamentary panel on MDGs: PC censured for citing outdated figures

Parliamentary panel on MDGs: PC censured for citing outdated figures

The Planning Commission came under severe criticism for citing 2005-06 poverty figures to the special Committee of the National Assembly on Millennium Development Goals (MDGs) which deplored that the country was going to miss most of the targets.
Published 13 Feb, 2013 12:00am
THE RUPEE: rates rebounds

THE RUPEE: rates rebounds

The rupee-dollar parity rates moved both ways against the dollar on the currency market on Tuesday, dealers said. The rupee lost its value versus the dollar on the interbank market, it however rebounded on the open market after crossing 100 mark on Monday
Published 13 Feb, 2013 12:00am
EC restores membership of MNA Nawab Sher

EC restores membership of MNA Nawab Sher

Election Commission of Pakistan restored membership of Member National Assembly from NA-76 Faisalabad Nawab Sher Wasair. EC had earlier disqualified the MNA for hiding their assets after which Supremme Court refused the decision The commission disqualifie
Published 13 Feb, 2013 12:00am
THE RUPEE: rates rebounds

THE RUPEE: rates rebounds

The rupee-dollar parity rates moved both ways against the dollar on the currency market on Tuesday, dealers said. The rupee lost its value versus the dollar on the interbank market, it however rebounded on the open market after crossing 100 mark on Monday
Published 13 Feb, 2013 12:00am
Keyal Khwar Project set to begin in April

Keyal Khwar Project set to begin in April

The Pakistan Water and Power Development Authority (WAPDA) is all set to start construction of the 122 MW-Keyal Khwar Hydropower Project in April this year. Following completion of all pre-requisites including detailed engineering design, the pre-qualific
Published 13 Feb, 2013 12:00am
Foreigners asked to get their stay regularised or face action

Foreigners asked to get their stay regularised or face action

Interior Minister Rehman Malik on Wednesday said that the foreigners staying in the country for more than three-day after expiry their visa a fine of $100 would be imposed against them and they may also be arrested at airports if they exceed the given lim
Published 13 Feb, 2013 12:00am
President approves Hilal-i-Imtiaz for late Dr Shah

President approves Hilal-i-Imtiaz for late Dr Shah

President Asif Ali Zardari on the advice of Prime Minister, has approved conferment of Hilal-i-Imtiaz upon late Dr Muhammad Ali Shah, former Sindh Sports Minister, in recognition of his meritorious contributions in the field of medicine.
Published 13 Feb, 2013 12:00am
President approves conferment of civil awards on Chinese dignitaries

President approves conferment of civil awards on Chinese dignitaries

President Asif Ali Zardari has approved conferment of civil awards upon the Chinese dignitaries in recognition of their meritorious services in further cementing Pak-China relations. The awards will be conferred on Li Shenglin - Hilal-e-Quaid-i-Azam, Fu Y
Published 13 Feb, 2013 12:00am
89 killed, 70 hurt in first week of February

89 killed, 70 hurt in first week of February

The number of victims in political violence incidents rose for the second week in a row, with 89 people killed, 70 injured and three kidnapped in 21 incidents between February 2 and 8, says Free and Fair Election Network (Fafen). In comparison, the preced
Published 13 Feb, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (February 12, 2013).

Published 13 Feb, 2013 12:00am
Qadri accord: National Assembly body seeks explanation from government

Qadri accord: National Assembly body seeks explanation from government

The National Assembly's Standing Committee on Parliamentary Affairs on Tuesday sought an explanation from the government over its agreement with Tehrik-i-Minhajul Quran (TMQ) chief Dr Tahirul Qadri. The committee added a briefing on the pact in the agenda
Published 13 Feb, 2013 12:00am
Supreme Court adjourns RPP implementation case till February 18

Supreme Court adjourns RPP implementation case till February 18

The Supreme Court on Tuesday adjourned the hearing of the implementation of Rental Power Project (RPP) case till February 18. A three-judge bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Gulzar Ahmed and Justice Sheikh Azmat Saeed hear
Published 13 Feb, 2013 12:00am
Larijani hopes Pakistan will go ahead with IP gas pipeline project

Larijani hopes Pakistan will go ahead with IP gas pipeline project

Terming Iran-Pakistan gas pipeline project as strategic venture in the region, Speaker of Shura-e-Islami [parliament] of Islamic Republic of Iran, Dr Ali Larijani, expressed optimism that government of Pakistan had the will to go ahead with the $1.5 billi
Published 13 Feb, 2013 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 13 Feb, 2013 12:00am
'Iran supports political reforms in Syria'

'Iran supports political reforms in Syria'

Iran supports and recognises political reforms while 'bayonets' would not bring democracy in Syria, Speaker of the Iran's Parliament Dr Ali Larijani told his Turkish counterpart Cemil Cicek on Tuesday. The two leaders held a meeting on the sideline of the
Published 13 Feb, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Feb, 2013 12:00am
Swiss government's decision contempt of Supreme Court: Aitzaz

Swiss government's decision contempt of Supreme Court: Aitzaz

Senator Aitzaz Ahsan said Tuesday that decision of the Swiss authorities on corruption cases against Presi-dent Zardari was tantamount to contempt of Supreme Court. He said the Swiss authorities had strengthened his viewpoint that he had expressed during
Published 13 Feb, 2013 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 13 Feb, 2013 12:00am
Swiss government's decision contempt of Supreme Court: Aitzaz

Swiss government's decision contempt of Supreme Court: Aitzaz

Senator Aitzaz Ahsan said Tuesday that decision of the Swiss authorities on corruption cases against Presi-dent Zardari was tantamount to contempt of Supreme Court. He said the Swiss authorities had strengthened his viewpoint that he had expressed during
Published 13 Feb, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Feb, 2013 12:00am
Contempt proceedings: NAB chief granted one week

Contempt proceedings: NAB chief granted one week

The Supreme Court on Tues-day granted National Accountability Bureau (NAB) chairman Admiral Fasih Bukhari (Retd) one week in the contempt of court proceedings against him. The court issued a show-cause notice to Bukhari under Article 204 of the Constituti
Published 13 Feb, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 Feb, 2013 12:00am
Contempt proceedings: NAB chief granted one week

Contempt proceedings: NAB chief granted one week

The Supreme Court on Tues-day granted National Accountability Bureau (NAB) chairman Admiral Fasih Bukhari (Retd) one week in the contempt of court proceedings against him. The court issued a show-cause notice to Bukhari under Article 204 of the Constituti
Published 13 Feb, 2013 12:00am
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