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Print - 2013-02-27
Zardari briefed about law, order

Zardari briefed about law, order

Interior Minister Senator Rehman Malik called on President Asif Ali Zardari at Aiwan-e-Sadr on Tuesday. The Interior Minister briefed the President on law & order situation in the country. The President inquired about the progress in the investigation and
Published 27 Feb, 2013 12:00am
Elahi assigned charge of PLDDB CEO

Elahi assigned charge of PLDDB CEO

The Chief Minister Punjab Muhammad Shahbaz Sharif entrusted the charge of the Chief Executive Officer (CEO) of the Punjab Livestock and Dairy Development Board (PLDDB) to the Secretary Livestock and Dairy Development SQN. Leader (r) Muhammad Irfan Elahi.
Published 27 Feb, 2013 12:00am
Bone marrow patient Shahbaz approves Rs 1.5 million

Bone marrow patient Shahbaz approves Rs 1.5 million

Taking notice of a private TV channel's report about illness of a 10-month old child, Abdul Qayyum of Chiniot, Punjab Chief Minister Muhammad Shahbaz Sharif on Tuesday approved Rs 1.5 million for bone marrow transplant of Abdul Qayyum. After the approval
Published 27 Feb, 2013 12:00am
Sales tax evasion FIR lodged against Salfi textile directors, officers

Sales tax evasion FIR lodged against Salfi textile directors, officers

Under the crackdown against textile tycoons, the Federal Board of Revenue (FBR) has registered an FIR against directors and officers of M/s Salfi Textile Karachi owned by TATA Group for committing violations of SRO.283(I)/2011 and SRO.1125(I)/2011.
Published 27 Feb, 2013 12:00am
ASWJ worker among five killed in Karachi

ASWJ worker among five killed in Karachi

At least five persons including a woman and a worker of Ahle Sunnat Wal Jamaat (ASWJ) were killed in separate incidents of violence in the metropolis here on Tuesday. According to police and rescue sources, a 30-year-old man came under armed attack in Lin
Published 27 Feb, 2013 12:00am
Speaker prorogues Punjab Assembly sine die

Speaker prorogues Punjab Assembly sine die

Speaker Punjab Assembly Speaker Rana Muhammad Iqbal on Tuesday prorogued Punjab Assembly session sine die, when quorum was pointed out while outside the house Pakistan People's Party (PPP) legislators led by opposition leader Raja Riaz distributed sweets
Published 27 Feb, 2013 12:00am
Alleged TTP member arrested

Alleged TTP member arrested

Crime Investigation Department (CID) on Tuesday claimed to have arrested an alleged member of banned Tehrik-e-Taliban Pakistan (TTP) and recovered arms and ammunition from his possession. According to SSP Fayaz Khan, a CID team on a tip-off conducted raid
Published 27 Feb, 2013 12:00am
Domestic industry Punjab government to hold seminar

Domestic industry Punjab government to hold seminar

The Punjab government has taken an initiative to arrange a seminar tomorrow on "Trade Defence Instruments and Level Playing Field for the domestic industry" here at the Lahore Chamber of Commerce and Industry.
Published 27 Feb, 2013 12:00am
HBFCL sets Rs 1,900 million disbursement target for 2013

HBFCL sets Rs 1,900 million disbursement target for 2013

The House Building Finance Company Limited (HBFCL) has set disbursement target of Rs 1,900 million for the year 2013 and in order to facilitate the customers to the maximum, has decided to establish Customer Facilitation Centre (CFC) in various cities.
Published 27 Feb, 2013 12:00am
Industrialists voice concern over prevailing economic condition

Industrialists voice concern over prevailing economic condition

Industrialists have voiced serious concern over prevailing economic condition and expressed that nothing is going in the favour of business community, the industrialists are repeatedly demanding to normalise law-and-order condition otherwise ailing indust
Published 27 Feb, 2013 12:00am
Bilwani condoles journalist's death

Bilwani condoles journalist's death

Central Chairman, Pakistan Hosiery Manufacturers & Exporters Association, M. Jawed Bilwani, expressed his deepest grief and sorrow over the sudden and tragic demise of senior journalist Khushnood Ali Shaikh in a road accident on Monday night.
Published 27 Feb, 2013 12:00am
Transfers, postings in LDA

Transfers, postings in LDA

Lahore Development Authority (LDA) has on Tuesday carried transfers and postings of its officials. According to a notification, LDA Director General Ahad Khan Cheema posted Ishtiaq Ahmad Chaudhary (awaiting posting) as Director Education, LDA. His predece
Published 27 Feb, 2013 12:00am
Senator Razina's book launched

Senator Razina's book launched

PML-N Central leader Mariam Nawaz Shaif has said that no country could progress without their women participation in every field of life. She said that the men should have to support women and develop self-confidence at home. She was addressing the book l
Published 27 Feb, 2013 12:00am
Policeman killed in fresh attack on anti-polio team

Policeman killed in fresh attack on anti-polio team

A policeman was shot dead Tuesday while protecting a polio vaccination team, police said, bringing the death toll in such attacks to 20 since December. No one has claimed responsibility for the killings. But the umbrella Taliban faction last year banned p
Published 27 Feb, 2013 12:00am
'Regularising contract employees'

'Regularising contract employees'

This is in response to an Editorial "Regularising contract employees" published in Business Recorder on February 07, 2013. Ironically, two entirely different issues have been confused with each other, thus wrongly alleging BISP of not abiding by th
Published 27 Feb, 2013 12:00am
Conflict fails to silence Mali's music

Conflict fails to silence Mali's music

The neon-lit dance floor at Tiken Jah Fakoly's club is empty for a Friday night, but a determined few have braved a state of emergency, security checkpoints and ongoing war to hear some Mali music. The headliner and only act tonight at the Ivory Coast-bor
Published 27 Feb, 2013 12:00am
Left behind in war, Palestinian books sit in Israeli library

Left behind in war, Palestinian books sit in Israeli library

As war came to Jerusalem in May 1948, Palestinian Omar Saleh Barghouti fled his home, leaving behind hundreds of his books, including years worth of his diaries. He would never see them again. Unknown to him, as the battle over the creation of the Jewish
Published 27 Feb, 2013 12:00am
Factory inspectors

Factory inspectors

By and large, the practice in most developed countries has been to recruit engineers as Inspectors of Factories. It should be accepted that Factory Inspection is a live profession which has to improve its techniques in keeping with the technological devel
Published 27 Feb, 2013 12:00am
The massive blackout

The massive blackout

As if an unending power crisis was not enough to disrupt public life, a massive electricity breakdown hit more than half of the country on Sunday night. All major cities, including the capital Islamabad, Karachi, Sukkur, Hyderabad, Multan, Lahore, Gujranw
Published 27 Feb, 2013 12:00am
Debt default a distinct possibility

Debt default a distinct possibility

Responding to queries by the Senate's Standing Committee on Finance Governor State Bank of Pakistan Yaseen Anwar has stated that the current debt situation could result in a debt trap. He clarified that the inability to generate revenue has led to a prima
Published 27 Feb, 2013 12:00am
National Assembly passes Capital University Islamabad Bill

National Assembly passes Capital University Islamabad Bill

The National Assembly on Tuesday passed 'The Capital University Islamabad Bill, 2013' with majority amid strong opposition by a coalition partner of Pakistan Peoples Party (PPP), Awami National Party (ANP). The Bill was moved by MNA Yasmeen Rehman of PPP.
Published 27 Feb, 2013 12:00am
National Assembly passes Capital University Islamabad Bill

National Assembly passes Capital University Islamabad Bill

The National Assembly on Tuesday passed 'The Capital University Islamabad Bill, 2013' with majority amid strong opposition by a coalition partner of Pakistan Peoples Party (PPP), Awami National Party (ANP). The Bill was moved by MNA Yasmeen Rehman of PPP.
Published 27 Feb, 2013 12:00am
World summit on human rights and peace concludes

World summit on human rights and peace concludes

A three-day 'World Summit on Human Rights and Peace 2013' session concluded on Tuesday underscoring the need to ensure mechanism regarding implementation of laws for curbing Human Rights' violation, women trafficking and Child labour. The participants emp
Published 27 Feb, 2013 12:00am
JI's petition against Zardari dismissed

JI's petition against Zardari dismissed

The Lahore High Court here Tuesday dismissed an application of Jamaat-i-Islami seeking restrictive orders against Asif Ali Zardari for functioning as President of Pakistan. The court observed that the required relief could not be granted as main petition
Published 27 Feb, 2013 12:00am
IP gas pipeline project: Pakistan should reject US pressure: Fazl

IP gas pipeline project: Pakistan should reject US pressure: Fazl

Pakistan should not come under US pressure for abandoning the Pak-Iran Gas Pipeline Project as it is a sovereign country and has a sovereign right to sign bilateral agreement with another country, Maulana Fazlur Rehman, Chief of Jamiat Ulema-e-Islam-Fazl
Published 27 Feb, 2013 12:00am
Audit review panels set up at FBR headquarters, zonal levels

Audit review panels set up at FBR headquarters, zonal levels

The Federal Board of Revenue has set up review panels at the FBR headquarters as well as regional level to resolve issues arising out of audit selection cases by the Board. In this regard, the FBR has issued an office order here on Tuesday.
Published 27 Feb, 2013 12:00am
Free angiography, angioplasty facility launched at LRH

Free angiography, angioplasty facility launched at LRH

The free-facility of Angiography and Angioplasty launched at Cardiology Unit of Lady Reading Hospital, Peshawar. In the current fiscal year, the Khyber Pakhtunkhwa government had increased a total grant of Cardiology Unit, LRH at Rs 1600 million from Rs 4
Published 27 Feb, 2013 12:00am
Qadri leaving for Canada for medical checkup

Qadri leaving for Canada for medical checkup

Founder Tehrike Minhajul Quran (TMQ) Dr Tahirul Qadri is flying to his adopted country Canada ostensible for medical checkup after dominating the country's political scene for two months with his outbursts against the Election Commission and political env
Published 27 Feb, 2013 12:00am
PIAF elects new members

PIAF elects new members

Renowned businessman Tahir Javaid Malik was unanimously elected Chairman of Pakistan Industrial and Traders Associations Front (PIAF) for a two-year term on Tuesday. Former Chairman All Pakistan Paper Merchants Association Khamis Saeed Butt and former Cha
Published 27 Feb, 2013 12:00am
Ebad enjoys full confidence, support of Altaf: MQM

Ebad enjoys full confidence, support of Altaf: MQM

The Co-ordination Committee of Muttahida Qaumi Movement (MQM) on Tuesday termed the analysis on a private TV channel about serious differences between the MQM leadership and Sindh Governor Dr Ishratul Ebad Khan over his resignation. It termed the analysis
Published 27 Feb, 2013 12:00am
WeBOC glitches at AFU: demurrage to be applied after 5 free days

WeBOC glitches at AFU: demurrage to be applied after 5 free days

Following the problems being faced by importers after the commencement of Web Based One Custom (WeBOC) at Air Freight Unit (AFU), the demurrages will now be applied after five free days to facilitate the trade. According to a circular issued by the Model
Published 27 Feb, 2013 12:00am
New spell of rain, snowfall from today

New spell of rain, snowfall from today

Pakistan Meteorological Department (PMD) has predicted new spell of rain and snowfall in mountainous regions across the country from Wednesday (today). According to PMD, a fresh westerly wave would persist for two days that would result in widespread rain
Published 27 Feb, 2013 12:00am
PSO declared defaulter by foreign suppliers

PSO declared defaulter by foreign suppliers

Pakistan State Oil has been declared defaulter by the world market due to delay in payments against letters of credit (L/Cs). World market imposed heavy fines on Pakistan State Oil, threaten to suspend oil supplies. PSO needs Rs 30 billion for making paym
Published 27 Feb, 2013 12:00am
Karachi case: Supreme Court issues show-cause notice to IGP Sindh

Karachi case: Supreme Court issues show-cause notice to IGP Sindh

The Supreme Court of Pakistan on Tuesday issued a show-cause notice to Inspector General Police Sindh over concealing names of some police officers involved in criminal activities. A five-member bench of the SC, headed by Justice Anwar Zaheer Jamali, resu
Published 27 Feb, 2013 12:00am
Fake degree cases to be disposed before March 16: ECP

Fake degree cases to be disposed before March 16: ECP

Election Commission of Pakistan (ECP) claimed Tuesday that all cases regarding fake/unverified degrees would be disposed of before March 16 and letters have been sent to courts for quick completion of fake degree cases still pending with them.
Published 27 Feb, 2013 12:00am
Protests in Sindh against bomb blast at Dargah Pir Hajan Shah

Protests in Sindh against bomb blast at Dargah Pir Hajan Shah

Protests were organised in various districts of Sindh on Tuesday against the bomb blast at Dargah Pir Hajan Shah. It is to be mentioned here that four people were killed and 12 others including Syed Hajan Shah, the Gaddi Nasheen, injured when a bomb went
Published 27 Feb, 2013 12:00am
PML-N backing, funding militants: Sharjeel

PML-N backing, funding militants: Sharjeel

Sindh Information Minister Sharjeel Memon on Tuesday accused Punjab chief minister Shahbaz Sharif of supporting terrorists groups. While talking to media, the minister said that Sindh was the land of Sufis, adding that attacks on Shrines would not be tole
Published 27 Feb, 2013 12:00am
General election: Nawaz welcomes CoAS's remarks

General election: Nawaz welcomes CoAS's remarks

Pakistan Muslim League-N chief Nawaz Sharif has welcomed Chief of Army Staff General Ashfaq Pervez Kayani's statement regarding free and fair general elections in the country. Talking to media at residence of late Professor Ghafoor Ahmad, Nawaz Sharif all
Published 27 Feb, 2013 12:00am
The Weather

The Weather

The weather report on Tuesday (February 26, 2013) and the forecast for Wednesday (February 27, 2013).

Published 27 Feb, 2013 12:00am
UBL posts Rs 18 billion profit after tax

UBL posts Rs 18 billion profit after tax

United Bank Limited achieved a profit after tax of Rs 18 billion for 2012, 16 percent higher than last year translating into earnings per share of Rs 14.71 (2011: Rs 12.66). The Board of Directors also approved a final cash dividend of 35 percent (Rs 3.50
Published 27 Feb, 2013 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 27 Feb, 2013 12:00am
UBL posts Rs 18 billion profit after tax

UBL posts Rs 18 billion profit after tax

United Bank Limited achieved a profit after tax of Rs 18 billion for 2012, 16 percent higher than last year translating into earnings per share of Rs 14.71 (2011: Rs 12.66). The Board of Directors also approved a final cash dividend of 35 percent (Rs 3.50
Published 27 Feb, 2013 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 27 Feb, 2013 12:00am
Germany to train Pakistani youths: diplomat

Germany to train Pakistani youths: diplomat

'Dual Training' system is an internationally recognised concept for vocational training and the basis for skill development in Germany, Germany's Consul General Dr Tilo Klinner said on Tuesday. The German diplomat said that this scheme would be modified a
Published 27 Feb, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (February 26, 2013).

Published 27 Feb, 2013 12:00am
Pakistan and EU envoy discuss cooperation to overcome energy crisis

Pakistan and EU envoy discuss cooperation to overcome energy crisis

The European Union (EU) has extended co-operation to Pakistan to overcome energy crisis by providing technical assistance as well as investing in Pakistan's oil and gas sector. Patricia Flor, EU Special Representative for Central Asia, in a meeting with D
Published 27 Feb, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (February 26, 2013) and for Wednesday (February 27, 2013).
Published 27 Feb, 2013 12:00am
PML-N criticises Malik's allegations

PML-N criticises Malik's allegations

Member National Assembly Pervaiz Malik has said that Rehman Malik cannot mislead the nation by levelling allegations against Pakistan Muslim League-N of having relations with sectarian organisations; neither can he evade blame for failure in protecting li
Published 27 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 26, 2013).

Published 27 Feb, 2013 12:00am
MNA Riaz Fatyana quits PML-Q

MNA Riaz Fatyana quits PML-Q

Member of National Assembly (MNA) Riaz Fatyana on Tuesday announced to quit the Pakistan Muslim League-Q (PML-Q). Speaking to reporters outside the Parliament House, Fatyana said: "I have informed the party leadership about my decision to part ways with t
Published 27 Feb, 2013 12:00am
Fesco organises save energy campaign

Fesco organises save energy campaign

Participation of every person in Save Energy Campaign is imperative to drag out country from energy crisis said Dr Rana Abdul Jabbar Khan Chief Executive Officer (CEO) Faisalabad Electric Supply Company (Fesco). Addressing a Save Energy rally organised by
Published 27 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 26, 2013).

Published 27 Feb, 2013 12:00am
Bid to smuggle liquor from UAE foiled; six arrested

Bid to smuggle liquor from UAE foiled; six arrested

The customs intelligence and Pakistan Maritime Security Agency (PMSA) during joint operation foiled a bid to smuggle huge quantity of liquor and nabbed nine accused. According to details, the customs intelligence and PMSA on a tip off late on Monday night
Published 27 Feb, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 26, 2013).

Published 27 Feb, 2013 12:00am
MD KW&SB asked to stop illegal promotions or face action

MD KW&SB asked to stop illegal promotions or face action

Sindh government has asked the Managing Director Karachi Water and Sewerage Board (KWSB) to stop illegal promotions of officers in the board forthwith, otherwise he will face legal action. The MD had promoted officers of 17-grade and above in the board wh
Published 27 Feb, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 26, 2013).

Published 27 Feb, 2013 12:00am
Soneri Bank announces results for 2012

Soneri Bank announces results for 2012

Soneri Bank Limited has announced its results for the year ended December 31, 2012 posting highest profit after tax in last six years. Chairman of the Bank, Alauddin J Feerasta, presided over the Board that met in Lahore on February 23, 2013.
Published 27 Feb, 2013 12:00am
Soneri Bank announces results for 2012

Soneri Bank announces results for 2012

Soneri Bank Limited has announced its results for the year ended December 31, 2012 posting highest profit after tax in last six years. Chairman of the Bank, Alauddin J Feerasta, presided over the Board that met in Lahore on February 23, 2013.
Published 27 Feb, 2013 12:00am
Noon Sugar Mills Limited

Noon Sugar Mills Limited

Noon Sugar Mills Limited was incorporated in 1964 as a public company listed on all the Stock Exchanges of Pakistan for setting up of a plant for the manufacture of white sugar in the province of Punjab. The plant went into production in 1966 with a daily
Published 27 Feb, 2013 12:00am
THE RUPEE: rates inch up

THE RUPEE: rates inch up

The rupee moved with slight gains against the dollar on the currency market on Tuesday, dealers said. The rupee recovered two paisa against the dollar for buying and selling at 98.16 and 98.19, experts said.
Published 27 Feb, 2013 12:00am
Noon Sugar Mills Limited

Noon Sugar Mills Limited

Noon Sugar Mills Limited was incorporated in 1964 as a public company listed on all the Stock Exchanges of Pakistan for setting up of a plant for the manufacture of white sugar in the province of Punjab. The plant went into production in 1966 with a daily
Published 27 Feb, 2013 12:00am
THE RUPEE: rates inch up

THE RUPEE: rates inch up

The rupee moved with slight gains against the dollar on the currency market on Tuesday, dealers said. The rupee recovered two paisa against the dollar for buying and selling at 98.16 and 98.19, experts said.
Published 27 Feb, 2013 12:00am
'India financed problems for Pakistan in Afghanistan'

'India financed problems for Pakistan in Afghanistan'

In a sharp contrast to US view on India's role in Afghanistan, President Barack Obama's defence secretary nominee Chuck Hagel has alleged that India has over the years "financed problems" for Pakistan in the war-torn country, according to the Times of Ind
Published 27 Feb, 2013 12:00am
'India financed problems for Pakistan in Afghanistan'

'India financed problems for Pakistan in Afghanistan'

In a sharp contrast to US view on India's role in Afghanistan, President Barack Obama's defence secretary nominee Chuck Hagel has alleged that India has over the years "financed problems" for Pakistan in the war-torn country, according to the Times of Ind
Published 27 Feb, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (February 26, 2013).

Published 27 Feb, 2013 12:00am
19 tourists die as balloon explodes

19 tourists die as balloon explodes

A hot air balloon exploded and plunged to earth at Egypt's ancient temple city of Luxor during a sunrise flight on Tuesday, killing up to 19 tourists, including Asians and Europeans, sources said. The balloon carrying 21 tourists from Hong Kong, Japan, Fr
Published 27 Feb, 2013 12:00am
19 tourists die as balloon explodes

19 tourists die as balloon explodes

A hot air balloon exploded and plunged to earth at Egypt's ancient temple city of Luxor during a sunrise flight on Tuesday, killing up to 19 tourists, including Asians and Europeans, sources said. The balloon carrying 21 tourists from Hong Kong, Japan, Fr
Published 27 Feb, 2013 12:00am
Boosting bio-fuel output: Brazil, Pakistan set to sign protocol

Boosting bio-fuel output: Brazil, Pakistan set to sign protocol

The cabinet division has approved the signing of the Protocol of Intensions (PoI) between the governments of Brazil and Pakistan on technical co-operation in agriculture research. A source in the Ministry of National Food Security and Research (NFS&R) sai
Published 27 Feb, 2013 12:00am
Boosting bio-fuel output: Brazil, Pakistan set to sign protocol

Boosting bio-fuel output: Brazil, Pakistan set to sign protocol

The cabinet division has approved the signing of the Protocol of Intensions (PoI) between the governments of Brazil and Pakistan on technical co-operation in agriculture research. A source in the Ministry of National Food Security and Research (NFS&R) sai
Published 27 Feb, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Feb, 2013 12:00am
Boosting bio-fuel output: Brazil, Pakistan set to sign protocol

Boosting bio-fuel output: Brazil, Pakistan set to sign protocol

The cabinet division has approved the signing of the Protocol of Intensions (PoI) between the governments of Brazil and Pakistan on technical co-operation in agriculture research. A source in the Ministry of National Food Security and Research (NFS&R) sai
Published 27 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 27 Feb, 2013 12:00am
Pentagon nominee Hagel clears key US Senate hurdle

Pentagon nominee Hagel clears key US Senate hurdle

President Barack Obama's embattled pick to head the Pentagon cleared a key hurdle Tuesday when many Republicans ended their obstruction and the Senate agreed to bring Chuck Hagel's nomination to a vote. Members of the chamber voted 71-27, with 18 Republic
Published 27 Feb, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Feb, 2013 12:00am
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