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Archive - 2011-01-01
Samsung attracts bloggers

Samsung attracts bloggers

Samsung Electronics, a global market leader and award-winning innovator in consumer electronics, semiconductors and telecommunications, in collaboration with Mobilink Pakistan, launched the P1000 Galaxy Tab, a compact tablet computer in Pakistan.
Published 01 Jan, 2011 12:00am
Mobile phone website remains inactive for over three hours

Mobile phone website remains inactive for over three hours

The website of recently launched mobile phone brand 'M9' remained inactive for more than three hours causing inconvenience to mobile phone users. According to the spokesperson of the Chinese telecom giant here on Friday, the website remained dormant for f
Published 01 Jan, 2011 12:00am
ITP issued 582,750 tickets to traffic rules violators in 2010

ITP issued 582,750 tickets to traffic rules violators in 2010

Islamabad Traffic Police (ITP) maintained its policy of zero tolerance against violations of traffic rules and equal application of law and issued 582750 traffic violation tickets and deposited Rs 107.6 million into national exchequer as fine during the y
Published 01 Jan, 2011 12:00am
KSE index gains 2,635.54 points during 2010

KSE index gains 2,635.54 points during 2010

The KSE-100 index increased by 28 percent or 2635.54 points during 2010 to close the year at the level of 12,022.46 points from previous year's closing of 9,386.92 points. Trading, however, remained very low during the year as the average daily volume at
Published 01 Jan, 2011 12:00am
UBL launches First Premium Debit Card Variants

UBL launches First Premium Debit Card Variants

United Bank LTD (UBL), One of Pakistan's largest private banks, in collaboration with MasterCard Worldwide, recently announced the launch of Pakistan's first Premium MasterCard Debit card programme, exclusively designed to cater to the needs of affluent c
Published 01 Jan, 2011 12:00am
Nawaz vows to make Sindh stronghold of PML-N

Nawaz vows to make Sindh stronghold of PML-N

Pakistan Muslim League-Nawaz (PML-N) chief Muhammad Nawaz Sharif has expressed the resolve to make Sindh province a strong hold of the party. He said this while talking to a delegation of the PML-N workers from Sindh who met him at his Raiwind residence o
Published 01 Jan, 2011 12:00am
Capital police efforts prevented major terrorist attacks

Capital police efforts prevented major terrorist attacks

Owing to stringent security measures taken by Islamabad Police, no major terrorist incident occurred in the federal capital in the year 2010 as 120 suspected terrorists were arrested besides foiling of dozens of terror attempts.
Published 01 Jan, 2011 12:00am
KASB Funds Limited, MetLife Alico sign Investment Agreement

KASB Funds Limited, MetLife Alico sign Investment Agreement

KASB Funds Limited and American Life Insurance Company (Pakistan) Limited (MetLife Alico) marked the beginning of a business partnership by signing an investment agreement whereby MetLife Alico will be investing into Funds managed by KASB Funds Limited un
Published 01 Jan, 2011 12:00am
KASB Funds Limited, MetLife Alico sign Investment Agreement

KASB Funds Limited, MetLife Alico sign Investment Agreement

KASB Funds Limited and American Life Insurance Company (Pakistan) Limited (MetLife Alico) marked the beginning of a business partnership by signing an investment agreement whereby MetLife Alico will be investing into Funds managed by KASB Funds Limited un
Published 01 Jan, 2011 12:00am
Summit, Atlas Bank's merger completed: bank's operation begins today

Summit, Atlas Bank's merger completed: bank's operation begins today

The Summit Bank Ltd (formerly Arif Habib Bank Ltd) and Atlas Bank Ltd will officially merge and start operating as a single bank under the name of Summit Bank From January 1, 2011. The completion of the legal merger means that the two banks can now make a
Published 01 Jan, 2011 12:00am
Yasir Hameed apologises over fixing interview

Yasir Hameed apologises over fixing interview

Former Pakistan opener Yasir Hameed said on Friday he had apologised to cricket authorities over an interview with a British tabloid in which he accused fellow players of fixing matches. "I was trapped into it but I should not have said all that before a
Published 01 Jan, 2011 12:00am
Spot fixing row mars 2010, Tendulkar shines

Spot fixing row mars 2010, Tendulkar shines

Sachin Tendulkar set a slew of records and England, who gave the game to the world, finally won a World Cup but spot-fixing may well be the lasting cricketing memory of a tumultuous year. Tranquillity is a rare thing in Pakistan cricket and there was cons
Published 01 Jan, 2011 12:00am
England ready for Usman Khawaja debut: Anderson

England ready for Usman Khawaja debut: Anderson

Strike bowler James Anderson insisted Friday that England could nullify the threat of Australian Test debutant Usman Khawaja as they seek to wrap up a series win in Sydney. Pakistan-born Khawaja, 24, is set to make his Test bow for his adopted country as
Published 01 Jan, 2011 12:00am
Nadal, Federer in Abu Dhabi exhibition final

Nadal, Federer in Abu Dhabi exhibition final

Tennis icons Rafael Nadal and Roger Federer will contest the final of the Mubadala world tennis championship exhibition tournament in Abu Dhabi after both won their Friday semi contests. Whereas Nadal scored a straight sets 6-4, 6-4 success over Czech Tom
Published 01 Jan, 2011 12:00am
FTSE falls, but adds nine percent in 2010

FTSE falls, but adds nine percent in 2010

Weaker commodity stocks and banks dragged Britain's top shares lower in thin volumes on the last day of 2010, but the index ended December and the year in firmly positive territory. The FTSE 100 closed 71.07 points or 1.2 percent lower at 5,899.94 on Frid
Published 01 Jan, 2011 12:00am
Singapore stocks end 2010 with a whimper

Singapore stocks end 2010 with a whimper

Singapore shares closed 2010 with a whimper, underperforming other Asian bourses as losses in DBS Group and United Overseas Bank pushed the benchmark index 0.7 percent lower on Friday. Based on preliminary data, the Straits Times Index (STI) closed 22.42
Published 01 Jan, 2011 12:00am
Hong Kong, Shanghai stocks up in last day of 2010

Hong Kong, Shanghai stocks up in last day of 2010

Hong Kong and Shanghai stocks gained ground in the last trading day of 2010, with a stronger yuan fuelling demand for Chinese assets. Hong Kong shares edged higher in a shortened session on Friday for a third consecutive gaining session, ending the year u
Published 01 Jan, 2011 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose 0.73 percent on Friday, ending the year with a 9.6 percent gain as financial shares including Shin Kong Financial outperformed after Taiwan's central bank raised its benchmark interest rate. After a 78 percent rally in 2009, Taiwan's ma
Published 01 Jan, 2011 12:00am
Treasuries slip

Treasuries slip

US Treasury debt prices slipped on Thursday as data on jobless claims, manufacturing and home sales pointed to a faster-than-expected economic recovery, undermining the safe-haven appeal of government debt. Price losses were limited, however, due to year-
Published 01 Jan, 2011 12:00am
Treasuries slip

Treasuries slip

US Treasury debt prices slipped on Thursday as data on jobless claims, manufacturing and home sales pointed to a faster-than-expected economic recovery, undermining the safe-haven appeal of government debt. Price losses were limited, however, due to year-
Published 01 Jan, 2011 12:00am
Wall Street lower

Wall Street lower

US stocks closed slightly lower on Thursday as a trio of better-than-expected economic data wasn't enough to entice buyers to take on much risk in a market sitting on strong gains just before the new year. The S&P 500 is up 6.5 percent so far this month,
Published 01 Jan, 2011 12:00am
European shares end the year up 7.3 percent

European shares end the year up 7.3 percent

European shares ended the last trading day of 2010 lower in thin holiday trade, posting the biggest weekly fall since July as the December rally petered out, although they were still up 7.3 percent on the year. The pan-European FTSEurofirst 300 index of t
Published 01 Jan, 2011 12:00am
Australian shares slip

Australian shares slip

Australian shares slipped 0.9 percent on Friday following a weak offshore lead and ended 2010 with only their third annual fall since 1995, but investors and analysts predict a revival in 2011. The index fell 2.6 percent for the year after a 31 percent ri
Published 01 Jan, 2011 12:00am
Indian shares rise over 17 percent last year

Indian shares rise over 17 percent last year

Indian shares rose more than 17 percent in 2010, to be among the best-performing major Asian markets this year, after closing 0.6 percent higher on Friday, with most investors expecting the rally to continue. Record foreign fund inflows of $28.7 billion p
Published 01 Jan, 2011 12:00am
Sterling gains versus dollar

Sterling gains versus dollar

Sterling gained against the dollar in thin trade on Friday, helped by a survey showing an unexpected rise in UK house prices and by euro/dollar buying. Against the euro, sterling steadied though it remained weak and near seven-week lows after steep losses
Published 01 Jan, 2011 12:00am
Key Euribor rates fall as liquidity builds at year-end

Key Euribor rates fall as liquidity builds at year-end

Key euro-priced bank-to-bank lending rates dipped on Friday, pushed down by an increase in excess market liquidity and the ECB's pledge to keep providing banks with unlimited cash until at least April.
Published 01 Jan, 2011 12:00am
Yuan ends 2010 with a flourish, up 3.6 percent on year

Yuan ends 2010 with a flourish, up 3.6 percent on year

China's yuan ended 2010 on a strong note, pushing past 6.59 per dollar on Friday to close the year up 3.6 percent and fanning hopes that it will see even more gains next year. The currency closed at 6.5897 per dollar, capping nine trading days that saw it
Published 01 Jan, 2011 12:00am
Indian rupee surges

Indian rupee surges

The Indian rupee posted its best single-day gain in three weeks on Friday, while it rose 4.1 percent on the year, boosted by record foreign fund investments into Asia's third largest economy. The partially convertible rupee closed 2010 at 44.70/71 per dol
Published 01 Jan, 2011 12:00am
Swiss franc soars in New York

Swiss franc soars in New York

The Swiss franc hit record highs against the euro and dollar on Thursday and looked set to extend gains in the new year as fear a eurozone debt crisis could further boost demand for a safe-haven currency. The dollar also struggled against the yen, though
Published 01 Jan, 2011 12:00am
Early trade in New York: dollar falls broadly

Early trade in New York: dollar falls broadly

The dollar fell broadly on Friday as investors closed their books on 2010, but it still managed to end a volatile year a bit firmer than where it began, with the improving US economy outlook leaving some traders gearing up for a rally in early 2011.
Published 01 Jan, 2011 12:00am
Euro rises versus dollar in London

Euro rises versus dollar in London

The euro edged up to a two-week high against the dollar on Friday on year-end buying by central banks, while the Swiss franc hovered near a record high against the US currency in thin trade. The dollar was under pressure, hovering near a seven-week low ag
Published 01 Jan, 2011 12:00am
Swiss franc at record high in Asia

Swiss franc at record high in Asia

The Swiss franc touched a record high against the dollar on Friday and was within reach of a record peak against the euro, though trade was thin on the last trading day of the year. Many Asian centres, including Japan, are closed and traders expect little
Published 01 Jan, 2011 12:00am
Australian and New Zealand dollars cement gains

Australian and New Zealand dollars cement gains

The Australian dollar stayed in sight of a 28-year high against the greenback on Friday, and looked set to close the year as one of the best performing major currencies, while its New Zealand counterpart held close to a five-week peak. Trading, however, w
Published 01 Jan, 2011 12:00am
India to slap 60 percent sugar import tax from today

India to slap 60 percent sugar import tax from today

India will slap a 60 percent import tax on sugar from January 1, a government source said on Friday, reflecting good output prospects from the world's top consumer of the sweetener. India, the top producer of sugar behind Brazil, had dropped a 60 percent
Published 01 Jan, 2011 12:00am
Corn and soya export premiums steady at US Gulf

Corn and soya export premiums steady at US Gulf

Corn and soyabean export premiums at the US Gulf Coast were mostly steady on Thursday, with supplies building in the pipeline amid slow demand. Traders said export demand was subdued at year's end but were optimistic that interest will pick up in coming w
Published 01 Jan, 2011 12:00am
No transaction on grain market

No transaction on grain market

No change was seen in the overnight rates on the wholesales grain and seed market on Friday as all participants were busy in Juma prayers and also because of countrywide strike call given by religious parties.
Published 01 Jan, 2011 12:00am
Spot rate raised to Rs 9,100 on cotton market

Spot rate raised to Rs 9,100 on cotton market

KCA Raised official spot rate by Rs 100 on Friday in the absence of normal trading activity due to strike, brokers said. The Karachi Cotton Association (KCA) spot rate was enhanced at Rs 9100, they said. Seeds cotton prices in Sindh and Punjab moved up at
Published 01 Jan, 2011 12:00am
EU wheat doubles in 2010 on global weather woes

EU wheat doubles in 2010 on global weather woes

European milling wheat futures ended the trading year with an annual rise of 92 percent after a series of weather events including a severe drought in Russia slashed global supply and sent grain markets soaring. The jump in Paris-based wheat futures in 20
Published 01 Jan, 2011 12:00am
Vietnam's coffee prices jump around four percent

Vietnam's coffee prices jump around four percent

Coffee prices in Vietnam's domestic market jumped around 4 percent this week to 37.1 million dong ($1,907) per tonne on Friday, even though supply is ample as the harvest draws to an end, traders said. Robusta beans jumped from around 35.7 million dong pe
Published 01 Jan, 2011 12:00am
US Midwest corn firm on river; soya flat

US Midwest corn firm on river; soya flat

Corn spot basis bids were firm at river terminals and mostly steady at interior points around the US Midwest on Thursday while soyabean bids were flat across the region amid slow country sales of both commodities, grain merchants said.
Published 01 Jan, 2011 12:00am
Indonesia sees 2011 tin output at 90,000 tonnes

Indonesia sees 2011 tin output at 90,000 tonnes

Indonesia expects to produce 90,000 tonnes of refined tin in 2011 if prices stay high enough to encourage mining, a senior official said on Friday Heavy rains and floods caused by the La Nina weather anomaly hit tin miners in Indonesia, squeezing supply f
Published 01 Jan, 2011 12:00am
Vietnam's 2010 rice output up

Vietnam's 2010 rice output up

Rice production this year in Vietnam, the world's second-largest exporter after Thailand, rose 2.7 percent from 2009 to 39.99 million tonnes thanks to an increase in planted area and a higher yield, the government said. Farmers planted a combined 7.51 mil
Published 01 Jan, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures eased on Thursday, whittling down a big yearly gain in thin holiday-season trading. Position evening seen ahead of shortened trading session on Friday and holiday Monday. Long liquidation as year ends seen weighing on market, b
Published 01 Jan, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 92,874 tonnes of cargo including 62,238 tonnes of import cargo, 30,636 tonnes of export cargo, 4,009 loaded and empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 62,238 tonnes comprised
Published 01 Jan, 2011 12:00am
Estonia joins euro club

Estonia joins euro club

Estonia could be the last new entrant for some years when it becomes the 17th eurozone member on January 1, with the club's deepening crisis of confidence likely to put off larger eastern European states for up to a decade. Crowds queued at some banks in
Published 01 Jan, 2011 12:00am
Singapore economy grows record 14.7 percent in 2010: Prime Minister

Singapore economy grows record 14.7 percent in 2010: Prime Minister

Singapore's economy expanded at a record 14.7 percent in 2010, Prime Minister Lee Hsien Loong said Friday, as the city-state recovered sharply from last year's recession. "The Singapore economy recovered strongly in 2010," the prime minister said in his a
Published 01 Jan, 2011 12:00am
China orders state-owned firms to pay more money to Beijing

China orders state-owned firms to pay more money to Beijing

China has ordered major state-owned companies to divert more of their profits to the central government, giving Beijing more money to spend on priorities such as education, healthcare and the military. The finance ministry announced the increase in divide
Published 01 Jan, 2011 12:00am
China to continue subsidies for green cars in 2011

China to continue subsidies for green cars in 2011

China will extend subsidies to buyers of fuel-efficient cars next year but will no longer provide hand-outs to farmers who trade in fuel-guzzling models for new ones, the finance ministry said on Friday. The government would continue to promote fuel-savin
Published 01 Jan, 2011 12:00am
Dutch banks allowed to repay state-backed debt early

Dutch banks allowed to repay state-backed debt early

Dutch banks and insurers will be allowed to repay about 40.8 billion euros of emergency financing ahead of schedule, the Dutch finance ministry said on Friday, a sign of the sector's recovery and ability to tap capital markets.
Published 01 Jan, 2011 12:00am
Shanghai keeps five foreign exposition pavilions

Shanghai keeps five foreign exposition pavilions

Authorities in China's commercial hub Shanghai plan to keep five foreign pavilions from this year's World Expo that were popular with visitors as public landmarks, local media reported Friday. The pavilions of France, Italy, Russia, Spain and Saudi Arabia
Published 01 Jan, 2011 12:00am
Ford, Chrysler recall almost 160,000 vehicles

Ford, Chrysler recall almost 160,000 vehicles

US automakers Ford and Chrysler are recalling tens of thousands of vehicles due to safety problems, the government said Friday. Chrysler Group was recalling about 143,000 vehicles over the 2008-2011 model years in three separate filings, according to a re
Published 01 Jan, 2011 12:00am
Porsche gets multi-billion US lawsuit thrown out

Porsche gets multi-billion US lawsuit thrown out

German sportscar maker Porsche said Friday a US court has thrown out a lawsuit brought by US hedge funds claiming more than two billion dollars in damages over its failed 2008 attempt to acquire Volkswagen. The US District Court for the Southern District
Published 01 Jan, 2011 12:00am
Euro has 1-in-5 chance of lasting decade: UK think-tank

Euro has 1-in-5 chance of lasting decade: UK think-tank

The euro currency area has only a one-in-five chance of surviving in its current form over the next 10 years because of competitive imbalances between its members, a leading British think tank said on Friday. The Centre for Economics and Business Research
Published 01 Jan, 2011 12:00am
Merkel tells Germans they need the euro

Merkel tells Germans they need the euro

Chancellor Angela Merkel stressed on Friday the importance of the euro to Germany, after polls showed voters going cool on the single currency following the Greek and Irish debt crises. "Europe has faced a big test in recent months. We have to strengthen
Published 01 Jan, 2011 12:00am
Taiwan's investment in China rises sharply in 2010

Taiwan's investment in China rises sharply in 2010

Taiwanese companies have invested 13.3 billion US dollars in China this year, up 119.8 percent from the previous year, a report said Friday. The Investment Commission has approved 408 China-bound investment applications this year in areas such as the elec
Published 01 Jan, 2011 12:00am
Japan Foreign Minister pushes for better ties with China

Japan Foreign Minister pushes for better ties with China

Japan should discuss a free trade deal with China while improving diplomatic ties through ministerial exchanges, Foreign Minister Seiji Maehara said in an interview aired Friday. "I believe it is important to make efforts on the governmental level so that
Published 01 Jan, 2011 12:00am
Protests intensify in Bolivia over gasoline prices

Protests intensify in Bolivia over gasoline prices

Protests against a sharp increase in fuel prices intensified and turned violent in Bolivia on Thursday, as thousands of demonstrators demanded President Evo Morales' government repeal the hike. Demonstrators filled the streets in La Paz and other cities t
Published 01 Jan, 2011 12:00am
India and Iran oil payment impasse still unresolved

India and Iran oil payment impasse still unresolved

The oil trade settlement impasse between Iran and India remained unresolved on Friday, with Iran reportedly saying it had been settled but several Indian sources saying that talks would continue. Central bank officials from Iran and India met in Mumbai on
Published 01 Jan, 2011 12:00am
Quotes from the year 2010

Quotes from the year 2010

"I think we have sold our future" The then Pakistan's Finance Minister, Shaukat Tarin, tells Business Recorder while commenting on Reko Diq gold and copper mine that was sourced to Tethyan Copper Company in President Musharraf's regime. Janu
Published 01 Jan, 2011 12:00am
Gunman law and society

Gunman law and society

Hobbes defines law as command of those having coercive power. Suppose a gunman enters in a house and command the residence to declare all wealth and announce his rules that any person who raises voice will be gun down. If his command is not carried out th
Published 01 Jan, 2011 12:00am
KARACHI CHRONICLE: Winter weather report

KARACHI CHRONICLE: Winter weather report

Karachi is having real freezing cold winter weather at the moment. It means the affluent can show off their fine Kashmiri shawls, which are thin enough to fit into a fist and extremely warm and cost an arm and a leg or a king's ransom; women can wear thei
Published 01 Jan, 2011 12:00am
Pakistan failure is not inevitable - II

Pakistan failure is not inevitable - II

Discussion of Pakistani people will be incomplete without mention of their diversities and distinct identities regarding language, culture, customs, traditions, tribal or feudal affiliations, physical features, ways of life and other social mores that set
Published 01 Jan, 2011 12:00am
ART FACTS: Art lover's paradise

ART FACTS: Art lover's paradise

Karachi is a cosmopolitan city .It is one of the biggest cities of the world and therefore has many facets. Other than being the country's largest industrial zone Karachi is a culturally rich city as well. It has a number of cultural activities round the
Published 01 Jan, 2011 12:00am
BRIDGE NOTES: It's the man behind the gun

BRIDGE NOTES: It's the man behind the gun

Sometime back my bridge partner commenting on an opponents blemish in defence, which allowed us to make our contract remarked that bridge is a difficult game. But my view is different. Bridge is a logical far sighted game and as long as one has the abilit
Published 01 Jan, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 01 Jan, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 01 Jan, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (December 31, 2010).

Published 01 Jan, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (December 31, 2010).

Published 01 Jan, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (December 31, 2010).

Published 01 Jan, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (December 31, 2010).

Published 01 Jan, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 31, 2010).
Published 01 Jan, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (December 31, 2010).

Published 01 Jan, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (December 31, 2010).

Published 01 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Jan, 2011 12:00am
Phenomenal increase in oil prices

Phenomenal increase in oil prices

The government on Friday dropped 'oil bombshell' on the masses on New Year eve by increasing oil prices upto Rs 7.69 per liter effective Saturday, January 1. The overall increase ranges between 5.4 to 9.2 percent. The government has raised price of petrol
Published 01 Jan, 2011 12:00am
Phenomenal increase in oil prices

Phenomenal increase in oil prices

The government on Friday dropped 'oil bombshell' on the masses on New Year eve by increasing oil prices upto Rs 7.69 per liter effective Saturday, January 1. The overall increase ranges between 5.4 to 9.2 percent. The government has raised price of petrol
Published 01 Jan, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 31, 2010).

Published 01 Jan, 2011 12:00am
Phenomenal increase in oil prices

Phenomenal increase in oil prices

The government on Friday dropped ''oil bombshell'' on the masses on New Year eve by increasing oil prices upto Rs 7.69 per liter effective Saturday, January 1. The overall increase ranges between 5.4 to 9.2 percent. The government has raised price of petr
Published 01 Jan, 2011 12:00am
Leverage product at bourses: CCI approval would be needed, says Awan

Leverage product at bourses: CCI approval would be needed, says Awan

Law Minister Babar Awan on Friday said the Council of Common Interests (CCI) approval would be needed for launching proposed leverage product at the capital markets. Sources said the stock members during meeting with the President on Friday complained abo
Published 01 Jan, 2011 12:00am
Leverage product at bourses: CCI approval would be needed, says Awan

Leverage product at bourses: CCI approval would be needed, says Awan

Law Minister Babar Awan on Friday said the Council of Common Interests (CCI) approval would be needed for launching proposed leverage product at the capital markets. Sources said the stock members during meeting with the President on Friday complained abo
Published 01 Jan, 2011 12:00am
Leverage product at bourses: CCI approval would be needed, says Awan

Leverage product at bourses: CCI approval would be needed, says Awan

Law Minister Babar Awan on Friday said the Council of Common Interests (CCI) approval would be needed for launching proposed leverage product at the capital markets. Sources said the stock members during meeting with the President on Friday complained abo
Published 01 Jan, 2011 12:00am
THE RUPEE: dollar slips further

THE RUPEE: dollar slips further

The rupee ended the calendar year on a firm note on the currency market on Friday as open market kept the shutters down due to strike, bankers said.
Published 01 Jan, 2011 12:00am
Rate of refinance raised to 11 percent

Rate of refinance raised to 11 percent

The State Bank of Pakistan on Friday announced increase in the rate of refinance under the Export Finance Scheme by one percent to 11 percent to meet the IMF condition. The IMF had asked the SBP to end subsidies on all export related financing in a phased
Published 01 Jan, 2011 12:00am
THE RUPEE: dollar slips further

THE RUPEE: dollar slips further

The rupee ended the calendar year on a firm note on the currency market on Friday as open market kept the shutters down due to strike, bankers said.
Published 01 Jan, 2011 12:00am
Rate of refinance raised to 11 percent

Rate of refinance raised to 11 percent

The State Bank of Pakistan on Friday announced increase in the rate of refinance under the Export Finance Scheme by one percent to 11 percent to meet the IMF condition. The IMF had asked the SBP to end subsidies on all export related financing in a phased
Published 01 Jan, 2011 12:00am
Rate of refinance raised to 11 percent

Rate of refinance raised to 11 percent

The State Bank of Pakistan on Friday announced increase in the rate of refinance under the Export Finance Scheme by one percent to 11 percent to meet the IMF condition. The IMF had asked the SBP to end subsidies on all export related financing in a phased
Published 01 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 31, 2010).

Published 01 Jan, 2011 12:00am
Index loses nine points

Index loses nine points

After witnessing mixed trend on the last trading session of the year on Friday, the KSE-100 index closed at 12,022.46 points with a loss of 9.00 points. The continuous foreign investors' interest with a fresh net inflow of $4.67 million supported the inde
Published 01 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 31, 2010).

Published 01 Jan, 2011 12:00am
Index loses nine points

Index loses nine points

After witnessing mixed trend on the last trading session of the year on Friday, the KSE-100 index closed at 12,022.46 points with a loss of 9.00 points. The continuous foreign investors' interest with a fresh net inflow of $4.67 million supported the inde
Published 01 Jan, 2011 12:00am
Index loses nine points

Index loses nine points

After witnessing mixed trend on the last trading session of the year on Friday, the KSE-100 index closed at 12,022.46 points with a loss of 9.00 points. The continuous foreign investors'' interest with a fresh net inflow of $4.67 million supported the ind
Published 01 Jan, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (December 31, 2010)and for Saturday (January 01, 2011).
Published 01 Jan, 2011 12:00am
BRIndex30 gains 5.79 points

BRIndex30 gains 5.79 points

On Friday, the BRIndex30 opened at 8,913.61 points. It touched the intra-day high of 8,994.97 points and low of 8,892.21 points and closed at 8,919.40 points with a net positive change of 5.79 points, or 0.06 percent. The volume was 93,022,888 shares, whi
Published 01 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 31, 2010).

Published 01 Jan, 2011 12:00am
BRIndex30 gains 5.79 points

BRIndex30 gains 5.79 points

On Friday, the BRIndex30 opened at 8,913.61 points. It touched the intra-day high of 8,994.97 points and low of 8,892.21 points and closed at 8,919.40 points with a net positive change of 5.79 points, or 0.06 percent. The volume was 93,022,888 shares, whi
Published 01 Jan, 2011 12:00am

void(0)" onMouseOver="popup(event,'Copyright Business Recorder, 2011

No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indir
Published 01 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 01 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 01 Jan, 2011 12:00am
NSS's profit rates increased

NSS's profit rates increased

The federal government Friday announced increase in the rate of profit on different National Savings Schemes (NSS) from January 1, 2011. The rates for Special Savings Certificates, Regular Income Certificates and Defence Savings Certificates have been enh
Published 01 Jan, 2011 12:00am
NSS's profit rates increased

NSS's profit rates increased

The federal government Friday announced increase in the rate of profit on different National Savings Schemes (NSS) from January 1, 2011. The rates for Special Savings Certificates, Regular Income Certificates and Defence Savings Certificates have been enh
Published 01 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Friday (December 31, 2010) and the forecast for Friday (January 01, 2011).

Published 01 Jan, 2011 12:00am
NSS''s profit rates increased

NSS''s profit rates increased

The federal government Friday announced increase in the rate of profit on different National Savings Schemes (NSS) from January 1, 2011. The rates for Special Savings Certificates, Regular Income Certificates and Defence Savings Certificates have been enh
Published 01 Jan, 2011 12:00am
Mega scams during 2010: Commerce Ministry remains in focus

Mega scams during 2010: Commerce Ministry remains in focus

Commerce Ministry leads in terms of remaining in the focus of public attention due to mega financial scams involving billions of rupees during 2010. These mega scams included import of one million tons of used furnace/lube oil, fake export/import permissi
Published 01 Jan, 2011 12:00am
Mega scams during 2010: Commerce Ministry remains in focus

Mega scams during 2010: Commerce Ministry remains in focus

Commerce Ministry leads in terms of remaining in the focus of public attention due to mega financial scams involving billions of rupees during 2010. These mega scams included import of one million tons of used furnace/lube oil, fake export/import permissi
Published 01 Jan, 2011 12:00am
Mega scams during 2010: Commerce Ministry remains in focus

Mega scams during 2010: Commerce Ministry remains in focus

Commerce Ministry leads in terms of remaining in the focus of public attention due to mega financial scams involving billions of rupees during 2010. These mega scams included import of one million tons of used furnace/lube oil, fake export/import permissi
Published 01 Jan, 2011 12:00am
FBR unable to implement key reforms

FBR unable to implement key reforms

The Federal Board of Revenue (FBR) was unable to implement some key reforms and measures for documentation of economy during 2010, including introduction of the proposed 'reformed general sales tax' (RGST), e-payment facility to commercial banks, Sales Ta
Published 01 Jan, 2011 12:00am
FBR unable to implement key reforms

FBR unable to implement key reforms

The Federal Board of Revenue (FBR) was unable to implement some key reforms and measures for documentation of economy during 2010, including introduction of the proposed 'reformed general sales tax' (RGST), e-payment facility to commercial banks, Sales Ta
Published 01 Jan, 2011 12:00am
FBR unable to implement key reforms

FBR unable to implement key reforms

The Federal Board of Revenue (FBR) was unable to implement some key reforms and measures for documentation of economy during 2010, including introduction of the proposed ''reformed general sales tax'' (RGST), e-payment facility to commercial banks, Sales
Published 01 Jan, 2011 12:00am
Indians on death row in Emirates reject settlement

Indians on death row in Emirates reject settlement

Indian nationals on death row in the United Arab Emirates have rejected a blood-money settlement that would see them freed, news reports said Friday. Seventeen Indians were sentenced to death in March for killing a Pakistani man in 2009 after a dispute ov
Published 01 Jan, 2011 12:00am
Facebook tops Google in website hits: study

Facebook tops Google in website hits: study

Facebook stole the thunder from Google this year as the most-visited website in the United States, according to a new study from Internet research firm Experian Hitwise. The social-networking juggernaut's www.facebook.com was the top-visited website for t
Published 01 Jan, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both ways on the Lahore Stock Exchange (LSE) on Friday and finally ended in negative zone amid selling pressure on account of profit taking ahead of weekend. The LSE-25 index was marginally improved by 2.39 points and was ended at 3733.01 a
Published 01 Jan, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both ways on the Lahore Stock Exchange (LSE) on Friday and finally ended in negative zone amid selling pressure on account of profit taking ahead of weekend. The LSE-25 index was marginally improved by 2.39 points and was ended at 3733.01 a
Published 01 Jan, 2011 12:00am
ISE index gains 4.27 points

ISE index gains 4.27 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 04.27 points, as the Index moved from 3,012.43 to 3,016.
Published 01 Jan, 2011 12:00am
ISE index gains 4.27 points

ISE index gains 4.27 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 04.27 points, as the Index moved from 3,012.43 to 3,016.
Published 01 Jan, 2011 12:00am
KESC offers VSS to 4,500 staffers

KESC offers VSS to 4,500 staffers

The Karachi Electric Supply Company (KESC) has announced a "fair and competitive Voluntary Separation Scheme" (VSS) to 4,5OO of its non-management staff and workmen engaged in non-core functions, such as drivers, office attendants, security guards, sanita
Published 01 Jan, 2011 12:00am
KESC offers VSS to 4,500 staffers

KESC offers VSS to 4,500 staffers

The Karachi Electric Supply Company (KESC) has announced a "fair and competitive Voluntary Separation Scheme" (VSS) to 4,5OO of its non-management staff and workmen engaged in non-core functions, such as drivers, office attendants, security guards, sanita
Published 01 Jan, 2011 12:00am
KESC offers VSS to 4,500 staffers

KESC offers VSS to 4,500 staffers

The Karachi Electric Supply Company (KESC) has announced a "fair and competitive Voluntary Separation Scheme" (VSS) to 4,5OO of its non-management staff and workmen engaged in non-core functions, such as drivers, office attendants, security guards, sanita
Published 01 Jan, 2011 12:00am
US missiles kill eight in North Waziristan

US missiles kill eight in North Waziristan

A US missile strike killed eight alleged militants in North Waziristan tribal area on Friday on the final day of a year that has seen a major escalation in drone attacks targeting insurgents flowing into neighbouring Afghanistan, Pakistani intelligence of
Published 01 Jan, 2011 12:00am
US missiles kill eight in North Waziristan

US missiles kill eight in North Waziristan

A US missile strike killed eight alleged militants in North Waziristan tribal area on Friday on the final day of a year that has seen a major escalation in drone attacks targeting insurgents flowing into neighbouring Afghanistan, Pakistani intelligence of
Published 01 Jan, 2011 12:00am
SECP extends amnesty schemes up to January 3

SECP extends amnesty schemes up to January 3

The amnesty schemes of the Securities and Exchange Commission of Pakistan (SECP)--the Companies Regularisation Scheme (CRS) and Companies Easy Exit Scheme (CEES)--have been extended to January 3. According to a statement issued here on Friday the schemes
Published 01 Jan, 2011 12:00am
SECP extends amnesty schemes up to January 3

SECP extends amnesty schemes up to January 3

The amnesty schemes of the Securities and Exchange Commission of Pakistan (SECP)--the Companies Regularisation Scheme (CRS) and Companies Easy Exit Scheme (CEES)--have been extended to January 3. According to a statement issued here on Friday the schemes
Published 01 Jan, 2011 12:00am
SECP extends amnesty schemes up to January 3

SECP extends amnesty schemes up to January 3

The amnesty schemes of the Securities and Exchange Commission of Pakistan (SECP)--the Companies Regularisation Scheme (CRS) and Companies Easy Exit Scheme (CEES)--have been extended to January 3. According to a statement issued here on Friday the schemes
Published 01 Jan, 2011 12:00am
DGI&I detects 421 default cases involving Rs 1.51 billion

DGI&I detects 421 default cases involving Rs 1.51 billion

The regional office of the Directorate of Intelligence and Investigation (DGI&I)-FBR, established 421 cases involving Rs 1.51 billion, and recovered Rs 189.58 million revenue during calendar year 2010. According to official statistics, made exclusively av
Published 01 Jan, 2011 12:00am
DGI&I detects 421 default cases involving Rs 1.51 billion

DGI&I detects 421 default cases involving Rs 1.51 billion

The regional office of the Directorate of Intelligence and Investigation (DGI&I)-FBR, established 421 cases involving Rs 1.51 billion, and recovered Rs 189.58 million revenue during calendar year 2010. According to official statistics, made exclusively av
Published 01 Jan, 2011 12:00am
DGI&I detects 421 default cases involving Rs 1.51 billion

DGI&I detects 421 default cases involving Rs 1.51 billion

The regional office of the Directorate of Intelligence and Investigation (DGI&I)-FBR, established 421 cases involving Rs 1.51 billion, and recovered Rs 189.58 million revenue during calendar year 2010. According to official statistics, made exclusively av
Published 01 Jan, 2011 12:00am
Diplomatic row leads to hefty fees, visa rules for Canadians in UAE

Diplomatic row leads to hefty fees, visa rules for Canadians in UAE

Starting Sunday, Canadians travelling to the United Arab Emirates will be hit with new visa rules that include charges up to 1,000 US dollars and a requirement to apply for a visa 15 days prior to their trip. According to the Emirates-based Gulf News.
Published 01 Jan, 2011 12:00am
Diplomatic row leads to hefty fees, visa rules for Canadians in UAE

Diplomatic row leads to hefty fees, visa rules for Canadians in UAE

Starting Sunday, Canadians travelling to the United Arab Emirates will be hit with new visa rules that include charges up to 1,000 US dollars and a requirement to apply for a visa 15 days prior to their trip. According to the Emirates-based Gulf News.
Published 01 Jan, 2011 12:00am
Diplomatic row leads to hefty fees, visa rules for Canadians in UAE

Diplomatic row leads to hefty fees, visa rules for Canadians in UAE

Starting Sunday, Canadians travelling to the United Arab Emirates will be hit with new visa rules that include charges up to 1,000 US dollars and a requirement to apply for a visa 15 days prior to their trip. According to the Emirates-based Gulf News.
Published 01 Jan, 2011 12:00am
Taliban free 23 detained tribesmen

Taliban free 23 detained tribesmen

Taliban militants on Friday freed 23 tribesmen whom they had detained this month for meeting army chief in the lawless tribal belt on the Afghan border. Taliban spokesman Azam Tariq told AFP from an undisclosed location that a militant "court" freed the 2
Published 01 Jan, 2011 12:00am
Taliban free 23 detained tribesmen

Taliban free 23 detained tribesmen

Taliban militants on Friday freed 23 tribesmen whom they had detained this month for meeting army chief in the lawless tribal belt on the Afghan border. Taliban spokesman Azam Tariq told AFP from an undisclosed location that a militant "court" freed the 2
Published 01 Jan, 2011 12:00am
Implementation of IP project by SSGC, SNGPL under study

Implementation of IP project by SSGC, SNGPL under study

The government is considering to allow Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipeline (SNGPL) to jointly implement the Iran-Pakistan (IP) gas pipeline project due to funds being easily available from international investors and low operatin
Published 01 Jan, 2011 12:00am
Implementation of IP project by SSGC, SNGPL under study

Implementation of IP project by SSGC, SNGPL under study

The government is considering to allow Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipeline (SNGPL) to jointly implement the Iran-Pakistan (IP) gas pipeline project due to funds being easily available from international investors and low operatin
Published 01 Jan, 2011 12:00am
Implementation of IP project by SSGC, SNGPL under study

Implementation of IP project by SSGC, SNGPL under study

The government is considering to allow Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipeline (SNGPL) to jointly implement the Iran-Pakistan (IP) gas pipeline project due to funds being easily available from international investors and low operatin
Published 01 Jan, 2011 12:00am
Palestinian leader lays first stone of Brazil embassy

Palestinian leader lays first stone of Brazil embassy

Palestinian president Mahmud Abbas laid the first stone Friday of what will become a Palestinian embassy in Brazil, the most important Latin American country to recognise a sovereign Palestinian state. The symbolic act underlined a general movement in Sou
Published 01 Jan, 2011 12:00am
Palestinian leader lays first stone of Brazil embassy

Palestinian leader lays first stone of Brazil embassy

Palestinian president Mahmud Abbas laid the first stone Friday of what will become a Palestinian embassy in Brazil, the most important Latin American country to recognise a sovereign Palestinian state. The symbolic act underlined a general movement in Sou
Published 01 Jan, 2011 12:00am
APFTU holds moot to discuss labourers' issues

APFTU holds moot to discuss labourers' issues

All Pakistan Federation of Trade Union (APFTU) organised a national conference of labourers to discuss the issues facing the country. The issues were namely economic crises, worsening law and order situation, unemployment, increase in the prices of commod
Published 01 Jan, 2011 12:00am
Gilani vows to mitigate sufferings of Balochistan

Gilani vows to mitigate sufferings of Balochistan

Prime Minister, Syed Yusuf Raza Gilani Friday in a new year's resolve, vowed to direct all energies for the mitigation of problems being faced by the people of Balochistan. Talking to a delegation of senators from the province, Gilani said his government
Published 01 Jan, 2011 12:00am
'Budget session of National Assembly should be extended for 90 days'

'Budget session of National Assembly should be extended for 90 days'

Budget session of National Assembly should be extended for 90 days, which is necessary for meaningful input. This was according to the suggestions given in the report on the Score Card of 13th National Assembly of Pakistan. The discussion was organised on
Published 01 Jan, 2011 12:00am
Lahore Gymkhana elections: PPMA, PIAF felicitate business group panel

Lahore Gymkhana elections: PPMA, PIAF felicitate business group panel

Vice Chairman (Central) Pakistan Pharmaceutical Manufacturers Association (PPMA) and Vice Chairman PIAF Khawaja Shahzeb Akram congratulated Mian Misbah-ur-Rehman Group in the elections of Lahore Gymkhana. Khawaja Shahzeb Akram in his press statement said
Published 01 Jan, 2011 12:00am
Asfandyar urges MQM, PML-N to refrain from trading allegations

Asfandyar urges MQM, PML-N to refrain from trading allegations

Awami National Party (ANP) chief Asfandyar Wali Khan on Friday asked the parliamentarians of MQM and PML-N to refrain from allegations and counter-allegations for giving democracy a chance. ANP chief expressed his concerns over the highly personalised ind
Published 01 Jan, 2011 12:00am
Cold wave likely to continue in next 2-3 days

Cold wave likely to continue in next 2-3 days

Pakistan Meteorological Department (PMD) forecast more rain and snowfall for Kashmir, Gilgit-Baltistan and adjoining hilly areas on Friday. However, the current rain/snowfall spell is likely to weaken during next 24 hours and upper parts of the country wi
Published 01 Jan, 2011 12:00am
LCCI, PBIT to conduct joint economic, country specific studies

LCCI, PBIT to conduct joint economic, country specific studies

The Lahore Chamber of Commerce and Industry (LCCI) and the Punjab Board of Investment and Trade (PBIT) will conduct joint economic, sectoral and country-specific studies to formulate a joint action plan for attracting new investments in the province.
Published 01 Jan, 2011 12:00am
Causes of loss to economy enumerated

Causes of loss to economy enumerated

The worst losses to Pakistan's economy during the year 2010 were due to the situation of war on terror, lawlessness, crime and security that reduced the direct foreign investment, and constraints of local investment in business and industry, agricultural.
Published 01 Jan, 2011 12:00am
LSE adopts CCP's competition compliance code

LSE adopts CCP's competition compliance code

The Lahore Stock Exchange has become the first corporate entity in Pakistan to adopt the Voluntary Competition Compliance Code of the Competition Commission of Pakistan. The decision to adopt the Code was taken by the LSE Board of Directors at its meeting
Published 01 Jan, 2011 12:00am
Rs 31.669 million to be spent on repair work of nine roads

Rs 31.669 million to be spent on repair work of nine roads

Under the annual development programme, an amount of Rs 31.669 million would be spent on repair of nine roads in the jurisdiction of TMA Lyallpur Town for which tenders have been invited. This was informed in a meeting held here on Friday with DCO Naseem
Published 01 Jan, 2011 12:00am
Floods, fighting destroy wildlife

Floods, fighting destroy wildlife

Disaster struck out of nowhere. The flash floods were so sudden that wardens at one of Pakistan's most famed parks could do nothing to save their animals. Leopards, deer and bears all drowned as the murky waters quickly engulfed them.
Published 01 Jan, 2011 12:00am
Alleged bogus cabinet: PIA union restrained from working

Alleged bogus cabinet: PIA union restrained from working

Lahore High Court, here Friday directing PIA to freeze its union's accounts till further orders, restrained the allegedly bogus cabinet of Peoples Unity of PIA Employees (CBA) and its president Amir Shah from operating.
Published 01 Jan, 2011 12:00am
Aptma poised to trek new heights in 2011

Aptma poised to trek new heights in 2011

All Pakistan Textile Mills Association (Aptma) is poised to take new heights in 2011 after feathering a successful year in its cap with a vision to foster new investment in the sector to tap potential of two billion dollar exports in the near future.
Published 01 Jan, 2011 12:00am
MQM presents party's reservations to Zardari

MQM presents party's reservations to Zardari

Muttahida Qaumi Movement (MQM) leader Wasim Akhtar on Thursday said the party's reservations have been presented to the President Asif Ali Zardari as the party wants good governance in the country. Talking to reporters outside Parliament House, the MNA st
Published 01 Jan, 2011 12:00am
Income Fund, Cash Fund: JSIL announces interim dividends

Income Fund, Cash Fund: JSIL announces interim dividends

The Board of Directors of JS Investments Limited (JSIL), the Management Company of JS Income Fund (JS IF) and JS Cash Fund (JS CF), approved interim dividends for JS IF and JS CF for the half year of FY 2011, ended December 31, 2010.
Published 01 Jan, 2011 12:00am
Income Fund, Cash Fund: JSIL announces interim dividends

Income Fund, Cash Fund: JSIL announces interim dividends

The Board of Directors of JS Investments Limited (JSIL), the Management Company of JS Income Fund (JS IF) and JS Cash Fund (JS CF), approved interim dividends for JS IF and JS CF for the half year of FY 2011, ended December 31, 2010.
Published 01 Jan, 2011 12:00am
Bullet-riddled body found

Bullet-riddled body found

The bullet-riddled body of a man was found on Friday within the limits of Pak Colony police station, police said. Duty Officer of Pak Colony police station said the body was found from Lyari River in Dhobi Ghat area. The victim was identified as Sajid, ag
Published 01 Jan, 2011 12:00am
'Government intends to turn around SOEs'

'Government intends to turn around SOEs'

Minister for Privatisation, Senator Waqar Ahmad Khan said on Friday that the government intends to turnaround the State owned Entities (SOEs) and is endeavouring to make value addition in these entities through a total transparent and open process by taki
Published 01 Jan, 2011 12:00am
Tributes paid to brave Pakistanis

Tributes paid to brave Pakistanis

In their successful bid to pay tribute to the brave Pakistanis, the two music maestros Rahat Fateh Ali Khan and Shafqat Amanat Ali Khan have jointly sung a song 'Imtehan Hai Imtehan' that has been an instant success on the internet.
Published 01 Jan, 2011 12:00am
FIC providing advanced healthcare to patients

FIC providing advanced healthcare to patients

Faisalabad Institute of Cardiology (FIC) is extending state-of-the-art treatment facilities to the heart patients, Project Director FIC, Dr Riaz Ahmad said adding that the angiography machine, emergency ICU, blood bank, modular operation theaters, Gama ca
Published 01 Jan, 2011 12:00am
Legislation in Sindh to be in consultation with coalition partners

Legislation in Sindh to be in consultation with coalition partners

All the legislation including the commissionerate system in the province, would be undertaken with mutual consultation of the coalition partners. President Asif Ali Zardari will be presented a report on discussions held by the Committee tasked to sort out
Published 01 Jan, 2011 12:00am
'PML-N not in favour of mid-term elections'

'PML-N not in favour of mid-term elections'

Leader Pakistan Muslim League Nawaz (PML-N) Makhdoom Javed Hashmi has said his party was neither in favour of mid-term elections nor it will support any move to topple the coalition government headed by Prime Minister Yousuf Raza Gilani.
Published 01 Jan, 2011 12:00am
Petrol disappears from filling station

Petrol disappears from filling station

The announced hike in prices of petroleum products on Friday night put an immediate effect in the city petrol pump sites. Moments after the news that the OGRA's proposal was approved by the Prime Minister, the petrol became invisible at the filling statio
Published 01 Jan, 2011 12:00am
Taxation bitter pill but vital for economy boost: Kaira

Taxation bitter pill but vital for economy boost: Kaira

Minister for Information and Broadcasting, Qamar Zaman Kaira on Friday said that taxation is a bitter pill but is of utmost importance for economic development. Talking to media outside Parliament House here, Kaira said that imposition of new taxes was ne
Published 01 Jan, 2011 12:00am
Flood-hit areas: farmers demand early rehabilitation of agriculture land

Flood-hit areas: farmers demand early rehabilitation of agriculture land

Small farmers from across the country on Friday held protest rally here to press the government for their demand of early rehabilitation of agricultural land in the flood-hit areas. They demanded that food must be provided to poor farming families for at
Published 01 Jan, 2011 12:00am
CSB considers promotions to BPS-21

CSB considers promotions to BPS-21

The Central Selection Board, which met here on Friday, considered the promotion of BPS-19 and BPS-20 officers to the next grade. Chairman CSB, Justice Rana Bhagwandas, who is also Chairman of Federal Public Service Commission, presided over the meeting.
Published 01 Jan, 2011 12:00am
POL price hike: PTI to hold protest on January 2

POL price hike: PTI to hold protest on January 2

Pakistan Tehrik-e-Insaf (PTI) will hold protest demonstration against increase in petroleum products prices here on January 2. Talking to a group of reporters after the party meeting here at the central secretariat, PTI Additional Secretary General Saiful
Published 01 Jan, 2011 12:00am
US involved in BB's assassination: Mumtaz Bhutto

US involved in BB's assassination: Mumtaz Bhutto

Chairman Sindh National Front (SNF) Mumtaz Bhutto on Friday claimed that US was involved in Benazir Bhutto's assassination, saying that Benazir returned to the country after breaking the deal with Musharraf which angered United States. Talking exclusively
Published 01 Jan, 2011 12:00am
HSC Commerce Part I results announced

HSC Commerce Part I results announced

Board of Intermediate, Karachi has announced the result of HSC Commerce Part I (Regular & Private) on Friday. According to details, 39,782 regular and private candidates registered for the exams, in which 33,447 students were regular while 6,335 were exte
Published 01 Jan, 2011 12:00am
BGSA protest ex-cadre postings

BGSA protest ex-cadre postings

Balochistan Geoscientists Association (BGSA) on Friday strongly protested ex-cadre postings in Irrigation Department and termed them as exploitation of geoscientists. According to a statement issued on Friday, BGSA leaders said: "Geoscientists including g
Published 01 Jan, 2011 12:00am
Shahzain case transferred to Sessions Court

Shahzain case transferred to Sessions Court

The Judge of the Anti-Terrorism Court (ATC)-1, Ismail Baloch, on Friday ordered to transfer case against Jamhoori Watan Party provincial president Nawabzada Shahzain Bugti to Sessions Court Quetta. The judge of the ATC observed that case against Jamhoori
Published 01 Jan, 2011 12:00am
Jamaat-i-Islami condemns fresh raise in POL prices

Jamaat-i-Islami condemns fresh raise in POL prices

Jamaat-i-Islami Secretary General, Liaquat Baloch, has condemned the fresh raise in POL prices and said the government was looting the public and inviting trouble for itself. In a statement here on Friday, he said such imprudent decisions of the governmen
Published 01 Jan, 2011 12:00am
Religious parties hold protest rallies

Religious parties hold protest rallies

Religious and political parties held protest rallies and demonstrations on Friday against the amendment in country's blasphemy law. More than 2500 people took part in the rallies. Students of religious seminaries were shouting slogans," We are ready to la
Published 01 Jan, 2011 12:00am
Shutter-down strike observed in Hyderabad, Ghotki

Shutter-down strike observed in Hyderabad, Ghotki

Complete shutter down strike was observed in Hyderabad including its subdivisions Latiafabad and Qasimabad on Friday against the reported government move to repeal blasphemy law. All the business centers and shops remained closed. The public transport was
Published 01 Jan, 2011 12:00am
Industrial activity remains paralysed

Industrial activity remains paralysed

Industrial activities in all the five industrial estates of the city remained paralysed on Friday on the call of religious parties to protest against what they believe are plans by the government to change the country's blasphemy law.
Published 01 Jan, 2011 12:00am
Complete shutdown observed in Muzaffargarh

Complete shutdown observed in Muzaffargarh

A complete shutdown was observed, here on Friday, in the district after Jummah prayers on the call of religious parties against any move to amend blasphemy laws. All shopping centres and markets were closed as traders took part in a protest rally.
Published 01 Jan, 2011 12:00am
City remains shut on strike call by religious parties

City remains shut on strike call by religious parties

With markets closed and public transport off the roads, the city on Friday remained largely shut on the call of the religious parties to observe strike against the government's proposed move to change the blasphemy law. The strike was supported by traders
Published 01 Jan, 2011 12:00am
Traders observe complete shutter-down in Khyber Pakhtunkhwa

Traders observe complete shutter-down in Khyber Pakhtunkhwa

The trading community of Khyber Pakhtunkwa on Friday observed complete shutter- down strike against proposed amendments in the Blasphemy Law. The call for a one-day shutter-down strike was given by the central organisation of the trading community aimed a
Published 01 Jan, 2011 12:00am
Complete shutter-down strike observed in Lahore

Complete shutter-down strike observed in Lahore

In response to the Tehreek-e-Tahafuz-e-Namoos-e-Risalat strike call, the traders' community on Friday observed complete shutter down in the provincial metropolis to register its protest against the proposed amendment to the Blasphemy Law.
Published 01 Jan, 2011 12:00am
Complete strike observed in Mirpurkhas, Khairpur

Complete strike observed in Mirpurkhas, Khairpur

A complete shutter-down strike was observed in most places of lower Sindh, here on Friday, like other parts of the country on the call of religious parties to protest efforts to amend the blasphemy law. All the shops in the markets, bazaars and shopping c
Published 01 Jan, 2011 12:00am
Wateen-DHA case: CCP appellate bench allows 10 days for submitting reply

Wateen-DHA case: CCP appellate bench allows 10 days for submitting reply

An appellate bench of the Competition Commission of Pakistan (CCP) comprising Chairperson, Ms Rahat Kaunain Hassan and Member (M&A), Ms Vaddiya Khalil, held a hearing in respect of the proceedings initiated against Wateen Telecom and Defence Housing Autho
Published 01 Jan, 2011 12:00am
Rupee resists sharp fall versus dollar in 2010

Rupee resists sharp fall versus dollar in 2010

The rupee, somehow, managed to resist sharp fall against dollar as a whole. It, however, gained versus other major currencies on the currency market here during calendar year 2010. On the interbank market, the rupee shed Rs 1.20 against dollar for buying
Published 01 Jan, 2011 12:00am
140 polio cases reported in 2010

140 polio cases reported in 2010

Pakistan is one of the four countries in world where polio still exists. In 2010 across Pakistan 140 cases of polio were detected as compared to 86 cases last year. These were the facts presented by the experts while addressing to a briefing session on "I
Published 01 Jan, 2011 12:00am
Petroleum Ministry Year 2010 was marked with revelation of several scams

Petroleum Ministry Year 2010 was marked with revelation of several scams

The year 2010 was marked with revelation of several scams in the Petroleum Ministry, however, the LNG scandal was a multibillion dollar scam of which the Supreme Court took suo motu notice. Ministry of Petroleum reportedly manipulated approval from the Ec
Published 01 Jan, 2011 12:00am
New year night Section 144 imposed

New year night Section 144 imposed

In a move to avoid any untoward incident during new year celebrations, the Sindh government on Friday imposed ban on carrying weapons, under Section 144. According to a notification issued by the Sindh government on Friday, the said restriction, which was
Published 01 Jan, 2011 12:00am
Conference on mango industry

Conference on mango industry

USAID is organising a conference on Pakistan's mango industry, which would be held on January 4 at a local hotel. The conference is being organised with an aim to provide a platform to discuss, foresee, deliberate and contemplate the future of mango indus
Published 01 Jan, 2011 12:00am
3,420 terror attacks kill 9,981 people in 2010

3,420 terror attacks kill 9,981 people in 2010

Pakistan witnessed the worst wave of terrorism during 2010, as 9981 people lost their lives in 3420 terror-related incidents, and 989 people were killed in 143 US drone attacks.
Published 01 Jan, 2011 12:00am
Targeted killings bedevil Karachi throughout 2010

Targeted killings bedevil Karachi throughout 2010

The unabated targeted killings bedevilled the city of lights throughout 2010, as over 1200 people including prominent political and religious figures were killed. Karachi, the financial hub of the country, witnessed some 488 targeted killing incidents, wh
Published 01 Jan, 2011 12:00am
US MIDDAY: copper gains 33 percent this year

US MIDDAY: copper gains 33 percent this year

Copper concluded 2010 with a run of record highs on Friday as undimmed demand from China and the prospect of fresh fund investment had analysts pointing to further gains next year. In its December forecast, Goldman Sachs said it expected prices to hit $11
Published 01 Jan, 2011 12:00am
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