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Archive - 2011-01-06
'Infrastructure Bank'under study
Top News

'Infrastructure Bank'under study

RECORDER REPORT ISLAMABAD: The government is considering setting up an "Infrastructure Bank" to meet financial requ
Published 06 Jan, 2011 10:24am
Oil mixed in Asian trade
Commodities

Oil mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Thursday, despite a sharp fall in US crude inventories adding to the mood of re
Published 06 Jan, 2011 09:24am
At least 22 die in India bus crash
Asia

At least 22 die in India bus crash

DEHRADUN: At least 22 people including six children were killed when their bus plunged into a gorge in the northern Indi
Published 06 Jan, 2011 08:59am
Butt, Asif, Aamer face tribunal
Sports

Butt, Asif, Aamer face tribunal

DOHA : A make-or-break anti-corruption tribunal against Pakistan cricketers Salman Butt, Mohammad Asif and Mohammad Aa
Published 06 Jan, 2011 08:29am
Finding the balancing act
BR Research

Finding the balancing act

If the job of fiscal managers is like that of a tight-rope walker, then for Finance Minister Hafeez Shaikh it is walking a sagging rope. L
Published 06 Jan, 2011 12:00am
Dollar rallies in New York

Dollar rallies in New York

The US dollar bounced from three-week lows against the euro on Tuesday on strong US economic data, and more gains are seen likely given the heavy sales of eurozone bonds anticipated this year. Data showed new orders received by US factories rose in Novemb
Published 06 Jan, 2011 12:00am
Dollar jumps in midday trade

Dollar jumps in midday trade

The dollar jumped on Wednesday and may continue to extend gains after a batch of upbeat US data affirmed the view that the world's largest economy was on a steady path to recovery. The greenback was on pace for its biggest one-day gain against the yen in
Published 06 Jan, 2011 12:00am
Dollar rises in London

Dollar rises in London

The dollar held firm on Wednesday, bolstered by further evidence that the US economic recovery is becoming self-sustaining, though its gains against the euro were slowed by central bank demand for the single currency. A recent series of economic data has
Published 06 Jan, 2011 12:00am
Dollar stays firm in Asia

Dollar stays firm in Asia

The dollar held firm on Wednesday, bolstered by further evidence that the US economic recovery is becoming self-sustaining, while a correction in high-flying commodity prices pressured the Australian dollar. Market players said the dollar's rise and a dro
Published 06 Jan, 2011 12:00am
Sterling slips

Sterling slips

Sterling lost ground against a resurgent dollar on Wednesday, after data showed US companies were hiring at a much faster pace than expected while activity in the UK construction sector contracted last month. The jobs report brightened the outlook for the
Published 06 Jan, 2011 12:00am
Interbank rates decline

Interbank rates decline

Euro-denominated money market rates edged down on Wednesday, but analysts said expectations of low overnight borrowing costs into the second half of 2011 may already be priced in, leaving forward rates open to correction. Three-month Euribor and euro Libo
Published 06 Jan, 2011 12:00am
China to let yuan rise five percent in 2011

China to let yuan rise five percent in 2011

China will let the yuan rise about 5 percent against the dollar in 2011 to combat inflation, an official newspaper said on Wednesday, while a former central bank adviser said the country needs to free up the currency. But a Commerce Ministry official warn
Published 06 Jan, 2011 12:00am
US small business CEOs in more of a hiring mood

US small business CEOs in more of a hiring mood

US small business owners are finally in a better hiring mood as they grow more confident about both the economy and their own business prospects, a survey released on Wednesday showed. For the first time in three years, a majority of chief executive offic
Published 06 Jan, 2011 12:00am
Brazil industry keeps struggling in November

Brazil industry keeps struggling in November

Industrial output in Brazil dipped in November after slight gains in the previous month, underscoring the uneven growth in Latin America's largest economy. Industrial production in Brazil slipped 0.1 percent in November from October, the government's stat
Published 06 Jan, 2011 12:00am
Grams prices fluctuate on grain market

Grams prices fluctuate on grain market

A few changes were seen on the wholesales grain and seed market on Wednesday in process of subdued trading, dealers said. On the grams side grams Australia low type was up by Rs 300 to Rs 5390 and best type gained Rs 130 to Rs 5330. Grams dal Australia, h
Published 06 Jan, 2011 12:00am
Canada raises wheat export target

Canada raises wheat export target

The Canadian Wheat Board on Tuesday raised its 2010/11 grain export target for the third time since mid-summer, but bigger shipments from Western Canada will do little to ease global worries about a shortage of high-quality milling wheat. Too much rain la
Published 06 Jan, 2011 12:00am
Prices stay firm amid low business on cotton market

Prices stay firm amid low business on cotton market

Tug-of-war like situation prevailed on the cotton market on Wednesday as sellers were not ready to finalise any deal below their psychological level, brokers said. The Karachi Cotton Association (KCA) spot rate was unchanged at Rs 9700, they said. Seed co
Published 06 Jan, 2011 12:00am
Oil cake market rates

Oil cake market rates

Contracts were mixed on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The January vaida thst had closed lower at Rs 1251.00 opened with a loss of Re.1 to Rs 1250.00. The March vaida which ended at Rs 1242.00 comme
Published 06 Jan, 2011 12:00am
Indonesia sees higher palm oil, cocoa exports in 2011

Indonesia sees higher palm oil, cocoa exports in 2011

Indonesia expects exports of palm oil and cocoa to grow significantly in value this year on higher prices and as new investment in the sector boosts output of the commodities, Trade Minister Mari Pangestu said on Wednesday. Rallying commodity prices have
Published 06 Jan, 2011 12:00am
Argentina's soya forecast stable, corn at risk

Argentina's soya forecast stable, corn at risk

Argentine corn crops are at risk from hot, dry weather and rains are urgently needed in the Pampas farming belt to protect yields, the Rosario grains exchange said on Monday. Argentina is the world's second-biggest corn exporter. It is also the No 3 soyab
Published 06 Jan, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canada canola futures fell on Tuesday in a broad commodities selloff as investors booked profits from the past year, traders said. Nearby canola rose 43 percent in 2010, leaving it near 28-month highs. Losses in trend-setting soyabean and soyaoil futu
Published 06 Jan, 2011 12:00am
Vietnam sells 250,000 tonnes of rice to Bangladesh

Vietnam sells 250,000 tonnes of rice to Bangladesh

Vietnam has signed a contract to export 250,000 tonnes of 15 percent broken rice to Bangladesh for shipment this month and in February, a state-run newspaper reported on Wednesday. The contract is part of a combined 2.2 million tonnes of rice that Vietnam
Published 06 Jan, 2011 12:00am
Summit Bank announces PLS profit rates

Summit Bank announces PLS profit rates

Summit Bank Limited has declared the following profit rates on PLS deposits for the period of half year ended December 31, 2010.

Published 06 Jan, 2011 12:00am
Summit Bank announces PLS profit rates

Summit Bank announces PLS profit rates

Summit Bank Limited has declared the following profit rates on PLS deposits for the period of half year ended December 31, 2010.

Published 06 Jan, 2011 12:00am
US Midwest corn bids weak at rail terminals

US Midwest corn bids weak at rail terminals

Corn spot basis bids eased at rail terminals around the US Midwest on Tuesday while bids for corn and soyabeans held mostly steady elsewhere in the region as futures drifted lower and farmers largely delayed sales, grain merchants said. Many farmers remai
Published 06 Jan, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 111,206 tonnes of cargo including 87,568 tonnes of import cargo, 23,638 tonnes of export cargo, 5,847 loaded and empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 87,568 tonnes compr
Published 06 Jan, 2011 12:00am
US economy picking up; European growth mixed

US economy picking up; European growth mixed

The US services sector grew last month at its quickest pace since mid-2006 and private-sector hiring was triple economists' forecasts, though recovery across Europe remained mixed. Chinese service sector firms also continued to grow in December even as th
Published 06 Jan, 2011 12:00am
US retailers lost sales to blizzard

US retailers lost sales to blizzard

US retailers have not recouped all of the $1 billion in sales postponed by shoppers as they dug out from last month's East Coast blizzard, research firm ShopperTrak said on Wednesday. Total US retail sales rose 6.5 percent in the week that ended on Saturd
Published 06 Jan, 2011 12:00am
US launches probe after Goldman investment in Facebook

US launches probe after Goldman investment in Facebook

A Goldman Sachs investment of nearly half a billion dollars into Facebook has spawned a probe by US regulators eager to safeguard the dividing line between public and private companies, The Wall Street Journal reported Wednesday. US media earlier this wee
Published 06 Jan, 2011 12:00am
Top Citigroup executives cleared in India

Top Citigroup executives cleared in India

Police in India on Wednesday said top Citigroup executives cannot be held responsible for an alleged employee fraud at a bank branch, a day after they registered a case against executives including Chief Executive Vikram Pandit. Citigroup said last week i
Published 06 Jan, 2011 12:00am
World Bank issues first yuan bond

World Bank issues first yuan bond

The World Bank has issued its first yuan-denominated bond in a move that will help China as it tries to increase the use of its currency in global markets. The Washington-based lender said Tuesday it would raise 500 million yuan (76 million dollars) from
Published 06 Jan, 2011 12:00am
World Bank issues first yuan bond

World Bank issues first yuan bond

The World Bank has issued its first yuan-denominated bond in a move that will help China as it tries to increase the use of its currency in global markets. The Washington-based lender said Tuesday it would raise 500 million yuan (76 million dollars) from
Published 06 Jan, 2011 12:00am
UK retailers say snow hit Christmas sales

UK retailers say snow hit Christmas sales

Two of Britain's biggest listed retailers reported a drop in sales in the run-up to Christmas as snow and sub-zero temperatures deterred shoppers already worried about rising taxes, public spending cuts and inflation. Next, Britain's No 2 fashion chain be
Published 06 Jan, 2011 12:00am
China vows to help Europe beat debt crisis

China vows to help Europe beat debt crisis

Chinese Vice Premier Li Keqiang backed Europe in its sovereign debt battle on Wednesday, starting a three-nation tour by promising to buy more Spanish government bonds. Li, widely tipped to be the next premier, delivered a significant vote of confidence g
Published 06 Jan, 2011 12:00am
Japan's car sales see first rise in seven years

Japan's car sales see first rise in seven years

A popular government subsidy aimed at boosting Japan's car makers helped the sector record its first annual gain in new sales for seven years, an industry group said Wednesday. However December sales tumbled almost a third year-on-year as the subsidies, i
Published 06 Jan, 2011 12:00am
EU bailout bonds make debut as debt concerns persist

EU bailout bonds make debut as debt concerns persist

The European Union made a landmark oversubscribed issue of its first bailout bonds on Wednesday, but a Portuguese auction showed that the eurozone debt crisis rumbles on despite a fresh pledge of support from China. The European Financial Stability Facili
Published 06 Jan, 2011 12:00am
EU bailout bonds make debut as debt concerns persist

EU bailout bonds make debut as debt concerns persist

The European Union made a landmark oversubscribed issue of its first bailout bonds on Wednesday, but a Portuguese auction showed that the eurozone debt crisis rumbles on despite a fresh pledge of support from China. The European Financial Stability Facili
Published 06 Jan, 2011 12:00am
FAO sees record food prices heading even higher

FAO sees record food prices heading even higher

Food prices hit a record high last month, outstripping levels that prompted riots in 2008, and key grains could climb even further as weather patterns give cause for concern, the UN's food agency said on Wednesday. Its measure of global monthly price chan
Published 06 Jan, 2011 12:00am
Eurozone PPI points to rising inflationary pressure

Eurozone PPI points to rising inflationary pressure

A surge in energy costs drove up eurozone producer prices in November, pointing to rising inflationary pressures as a rebound in industrial new orders showed the recovery in manufacturing gaining traction last year. The European Union's statistics office
Published 06 Jan, 2011 12:00am
Google wins court challenge on US government contract

Google wins court challenge on US government contract

A federal judge has ordered the Interior Department to put on hold a request for a bid to upgrade its email system that Google Inc said favoured Microsoft Inc. Google argued the contract, worth up to about $59 million, was designed with Microsoft products
Published 06 Jan, 2011 12:00am
EU targets senior creditors at ailing banks

EU targets senior creditors at ailing banks

All bondholders should be forced to take losses in an ailing bank under draft European Union proposals, which aim to avoid taxpayers again having to fund bailouts in a future crisis. The EU's executive Commission is due to publish a consultation paper as
Published 06 Jan, 2011 12:00am
Kuwaiti premier survives vote but crisis lingers

Kuwaiti premier survives vote but crisis lingers

Kuwait's premier on Wednesday narrowly survived a parliament vote seen as a serious bid to oust him over a police crackdown, but the opposition vowed to keep up their bid to unseat him. Twenty-five MPs voted in support of Prime Minister Sheikh Nasser Moha
Published 06 Jan, 2011 12:00am
Chavez scraps university law, planned tax hike

Chavez scraps university law, planned tax hike

Venezuelan President Hugo Chavez said Tuesday that he is scrapping plans for a tax increase and will veto a controversial law that critics argued would have dramatically increased government control of universities. The announcements came the night before
Published 06 Jan, 2011 12:00am
Chavez backers, foes rally

Chavez backers, foes rally

Supporters and opponents of Venezuelan leader Hugo Chavez held rival rallies on Wednesday to mark the start of a new parliament shorn of power by the radical socialist's assumption of rule by decree. The outgoing National Assembly gave Chavez decree power
Published 06 Jan, 2011 12:00am
Texas man cleared of rape after 30 years in jail

Texas man cleared of rape after 30 years in jail

After spending more than 30 years in a Texas prison for a crime he did not commit, Cornelius Dupree Jr. became a free man on Tuesday when his conviction was overturned. Dupree, who was sentenced to 75 years for kidnapping, rape and robbery, had his convic
Published 06 Jan, 2011 12:00am
EU says up to IAEA to inspect Iran's nuclear sites

EU says up to IAEA to inspect Iran's nuclear sites

The European Union's executive said on Wednesday it was up to the UN nuclear watchdog to inspect Iranian atomic facilities, after Tehran invited EU envoys to tour the sites this month. The European Commission said it had yet to reply to the invitation, se
Published 06 Jan, 2011 12:00am
Giant tuna sells for record $396,000 in Japan

Giant tuna sells for record $396,000 in Japan

A monster bluefin tuna sold for a record 396,000 dollars in the year's first auction at the world's biggest fish market in Tokyo Wednesday amid intense pre-dawn bidding. The 342-kilogramme (752-pound) fish - caught off Japan's northern island of Hokkaido
Published 06 Jan, 2011 12:00am
Germany to press for Security Council shake-up

Germany to press for Security Council shake-up

Germany hopes to join Brazil and India in pressing for reform of the UN Security Council while all three sit on the council in 2011, it said on Wednesday. Foreign Ministry spokesman Andreas Peschke said Germany believed the postwar era that produced a Sec
Published 06 Jan, 2011 12:00am
Obama signs bill to improve nation's food safety

Obama signs bill to improve nation's food safety

Foreshadowing the coming power struggles between the White House and a more Republican Congress, President Barack Obama on Tuesday signed a $1.4 billion overhaul of the nation's food safety system as some lawmakers complained that it's too expensive and t
Published 06 Jan, 2011 12:00am
US, China pledge cooperation

US, China pledge cooperation

US Secretary of State Hillary Clinton and her Chinese counterpart Yang Jiechi vowed Wednesday that their countries would cooperate closely despite differences on China's currency and other issues. "We are preparing diligently for the upcoming state visit
Published 06 Jan, 2011 12:00am
US seeks China's help in reining in North Korea

US seeks China's help in reining in North Korea

The United States sought China's help in persuading its long-time ally North Korea to abandon nuclear weapons, sending its envoy to Beijing on Wednesday as part of a campaign to press the North. The US envoy for North Korea policy, Stephen Bosworth, met S
Published 06 Jan, 2011 12:00am
Thousands bury Tunisian whose protest sparked unrest

Thousands bury Tunisian whose protest sparked unrest

Thousands of people vowing revenge attended the funeral Wednesday of a young Tunisian who died after setting himself alight in a protest over unemployment that sparked a wave of unrest, witnesses said. Mohamed Bouazizi, a 26-year-old university graduate,
Published 06 Jan, 2011 12:00am
Ouattara plays down risk of civil war in Ivory Coast

Ouattara plays down risk of civil war in Ivory Coast

Military intervention in Ivory Coast need not trigger civil war, presidential claimant Alassane Ouattara said on Wednesday, as his rival seemed to reverse a pledge to lift a blockade on his headquarters. Ouattara said he preferred a peaceful solution to h
Published 06 Jan, 2011 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 06 Jan, 2011 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 06 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 06 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 06 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 Wednesday (January 05, 2011).

Published 06 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 Wednesday (January 05, 2011).

Published 06 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 Wednesday (January 05, 2011).

Published 06 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 Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (January 05, 2011).
Published 06 Jan, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
US, Pakistan stumble in private talks over drones

US, Pakistan stumble in private talks over drones

A US offer to supply Pakistan with its own fleet of surveillance drone aircraft delighted Islamabad a year ago but now threatens to turn into another source of friction between the two nations. The offer was made by US Defence Secretary Robert Gates durin
Published 06 Jan, 2011 12:00am
White House to help Pakistan fight extremism

White House to help Pakistan fight extremism

The United States on Wednesday said its commitment to helping Pakistan root out violent extremism would not waver, following the assassination of the governor of Punjab province. The White House added its voice to condolences offered to the family of Gove
Published 06 Jan, 2011 12:00am
Acting US SRAP due today

Acting US SRAP due today

Acting US Special Representative for Afghanistan and Pakistan (SRAP) Frank Ruggiero will arrive in Pakistan Thursday (Thursday) on his maiden visit to the region with a message of reaffirmation of US commitment to the people of Pakistan. Ruggiero had assu
Published 06 Jan, 2011 12:00am
Acting US SRAP due today

Acting US SRAP due today

Acting US Special Representative for Afghanistan and Pakistan (SRAP) Frank Ruggiero will arrive in Pakistan Thursday (Thursday) on his maiden visit to the region with a message of reaffirmation of US commitment to the people of Pakistan. Ruggiero had assu
Published 06 Jan, 2011 12:00am
Power sector: reforms not being shared with Finance Ministry

Power sector: reforms not being shared with Finance Ministry

The much talked about power sector reforms, initiated by the Ministry of Water and Power under the guidance of Deputy Chairman of Planning Commission and international financial institutions, are not being shared with the Finance Ministry, official source
Published 06 Jan, 2011 12:00am
Power sector: reforms not being shared with Finance Ministry

Power sector: reforms not being shared with Finance Ministry

The much talked about power sector reforms, initiated by the Ministry of Water and Power under the guidance of Deputy Chairman of Planning Commission and international financial institutions, are not being shared with the Finance Ministry, official source
Published 06 Jan, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
Power sector: reforms not being shared with Finance Ministry

Power sector: reforms not being shared with Finance Ministry

The much talked about power sector reforms, initiated by the Ministry of Water and Power under the guidance of Deputy Chairman of Planning Commission and international financial institutions, are not being shared with the Finance Ministry, official source
Published 06 Jan, 2011 12:00am
No gas from new fields likely: USAID told

No gas from new fields likely: USAID told

The Ministry of Water and Power has informed USAID that it would be unable to allocate available gas from new gas fields, including Kunnar Pasakhi, Sinjhoro fields, to the power sector because of opposition from the Ministry of Petroleum and Natural Resou
Published 06 Jan, 2011 12:00am
No gas from new fields likely: USAID told

No gas from new fields likely: USAID told

The Ministry of Water and Power has informed USAID that it would be unable to allocate available gas from new gas fields, including Kunnar Pasakhi, Sinjhoro fields, to the power sector because of opposition from the Ministry of Petroleum and Natural Resou
Published 06 Jan, 2011 12:00am
No gas from new fields likely: USAID told

No gas from new fields likely: USAID told

The Ministry of Water and Power has informed USAID that it would be unable to allocate available gas from new gas fields, including Kunnar Pasakhi, Sinjhoro fields, to the power sector because of opposition from the Ministry of Petroleum and Natural Resou
Published 06 Jan, 2011 12:00am
Punjab, Khyber Pakhtunkhwa Assemblies condemn assassination

Punjab, Khyber Pakhtunkhwa Assemblies condemn assassination

Punjab and Khyber-Pakhtunkhwa assemblies on Wednesday condemned the assassination of Punjab Governor Salmaan Taseer. A wave of gloom pervaded the Punjab Assembly where its session lasted for hardly 20 minutes. While addressing the legislators, Acting Spea
Published 06 Jan, 2011 12:00am
Punjab, Khyber Pakhtunkhwa Assemblies condemn assassination

Punjab, Khyber Pakhtunkhwa Assemblies condemn assassination

Punjab and Khyber-Pakhtunkhwa assemblies on Wednesday condemned the assassination of Punjab Governor Salmaan Taseer. A wave of gloom pervaded the Punjab Assembly where its session lasted for hardly 20 minutes. While addressing the legislators, Acting Spea
Published 06 Jan, 2011 12:00am
Taseer laid to rest with state honours

Taseer laid to rest with state honours

The late Punjab Governor Salmaan Taseer was laid to rest with all state honours in here at Cavalry Ground graveyard on Wednesday amid stringent security measures and in an atmosphere of sobs and tears. The body of the slain Governor was flown to the Caval
Published 06 Jan, 2011 12:00am
Taseer laid to rest with state honours

Taseer laid to rest with state honours

The late Punjab Governor Salmaan Taseer was laid to rest with all state honours in here at Cavalry Ground graveyard on Wednesday amid stringent security measures and in an atmosphere of sobs and tears. The body of the slain Governor was flown to the Caval
Published 06 Jan, 2011 12:00am
Gilani attends Taseer's funeral prayers

Gilani attends Taseer's funeral prayers

Prime Minister, Yousuf Raza Gilani attended the funeral prayer of Governor Punjab Salmaan Taseer at the Governor House on Wednesday. Besides other party stalwarts, Interior Minister, Rehman Malik and Federal Law Minister, Dr Babar Awan were also present o
Published 06 Jan, 2011 12:00am
It's a political murder: Awan

It's a political murder: Awan

Federal Law Minister Babar Awan criticised the Punjab government for not providing adequate security to the late Punjab Governor Salmaan Taseer, and termed his killing 'political', a TV news reported on Wednesday. "'I am not blaming anyone," Awan asserted
Published 06 Jan, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
It's a political murder: Awan

It's a political murder: Awan

Federal Law Minister Babar Awan criticised the Punjab government for not providing adequate security to the late Punjab Governor Salmaan Taseer, and termed his killing 'political', a TV news reported on Wednesday. "'I am not blaming anyone," Awan asserted
Published 06 Jan, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
Imams refuse to lead funeral prayers

Imams refuse to lead funeral prayers

Imam Masjid of Governor House Mosque Qari Ismail and Imam Masjid of Badshahi Mosque Abdul Khabeer Azad, both Punjab government employees refused to lead funeral prayers of Punjab governor Salmaan Taseer on Wednesday. Official sources told Business Reco
Published 06 Jan, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
Imams refuse to lead funeral prayers

Imams refuse to lead funeral prayers

Imam Masjid of Governor House Mosque Qari Ismail and Imam Masjid of Badshahi Mosque Abdul Khabeer Azad, both Punjab government employees refused to lead funeral prayers of Punjab governor Salmaan Taseer on Wednesday. Official sources told Business Reco
Published 06 Jan, 2011 12:00am
Government asked to avoid hurting sentiments

Government asked to avoid hurting sentiments

Religious parties on Wednesday called upon the government to review their attitudes towards blasphemy laws and refrain from hurting sentiments of Muslims, and also asked the government to reject the proposed amendments to the law tabled by PPP MNA Sherry
Published 06 Jan, 2011 12:00am
Government asked to avoid hurting sentiments

Government asked to avoid hurting sentiments

Religious parties on Wednesday called upon the government to review their attitudes towards blasphemy laws and refrain from hurting sentiments of Muslims, and also asked the government to reject the proposed amendments to the law tabled by PPP MNA Sherry
Published 06 Jan, 2011 12:00am
PCO case hearing: 'judges should not have taken oath under PCO'

PCO case hearing: 'judges should not have taken oath under PCO'

The judges of superior courts, abiding by the Constitution, should not have taken oath under PCO when the then government sent them home and imposed emergency in the country. Justice Mahmood Akhtar Shahid Siddiqui remarked Wednesday while hearing contempt
Published 06 Jan, 2011 12:00am
PCO case hearing: 'judges should not have taken oath under PCO'

PCO case hearing: 'judges should not have taken oath under PCO'

The judges of superior courts, abiding by the Constitution, should not have taken oath under PCO when the then government sent them home and imposed emergency in the country. Justice Mahmood Akhtar Shahid Siddiqui remarked Wednesday while hearing contempt
Published 06 Jan, 2011 12:00am
Pakistan, Afghanistan to reconvene Peace Jirga

Pakistan, Afghanistan to reconvene Peace Jirga

Pakistan and Afghanistan on Wednesday agreed to reconvene the Joint Peace Jirga as early as possible, says a press release issued by the Foreign Office. A 25-member delegation of the High Council for Peace in Afghanistan, led by its Chairman, Professor Bu
Published 06 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Jan, 2011 12:00am
Pakistan, Afghanistan to reconvene Peace Jirga

Pakistan, Afghanistan to reconvene Peace Jirga

Pakistan and Afghanistan on Wednesday agreed to reconvene the Joint Peace Jirga as early as possible, says a press release issued by the Foreign Office. A 25-member delegation of the High Council for Peace in Afghanistan, led by its Chairman, Professor Bu
Published 06 Jan, 2011 12:00am
German banker held over alleged $50 million Formula One-bribe

German banker held over alleged $50 million Formula One-bribe

A former German bank executive has been arrested for allegedly accepting a $50 million kickback in the 2006 sale of a large stake in the Formula One's rights holding company, German prosecutors said Wednesday. The former risk manager of regional public-se
Published 06 Jan, 2011 12:00am
ISE index up 16.35 points

ISE index up 16.35 points

Equities moved both ways at Islamabad Stock Exchange (ISE) on Wednesday where investors adopted cautious approach amid increase in index. ISE-10 Index showed improvement of 16.35 points from 3,038.03 to 3,054.38 points. Turnover amounted to 350,062 shares
Published 06 Jan, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 06 Jan, 2011 12:00am
ISE index up 16.35 points

ISE index up 16.35 points

Equities moved both ways at Islamabad Stock Exchange (ISE) on Wednesday where investors adopted cautious approach amid increase in index. ISE-10 Index showed improvement of 16.35 points from 3,038.03 to 3,054.38 points. Turnover amounted to 350,062 shares
Published 06 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Jan, 2011 12:00am
Mixed trend on LSE

Mixed trend on LSE

Mixed trend prevailed at Lahore share market on Wednesday amid descending transaction volume. The LSE-25 index showed marginal decline of 0.42 points and closed at 3746.99 points against 3747.41 points of Tuesday. Trading turnover, however, squeezed to 6.
Published 06 Jan, 2011 12:00am
Mixed trend on LSE

Mixed trend on LSE

Mixed trend prevailed at Lahore share market on Wednesday amid descending transaction volume. The LSE-25 index showed marginal decline of 0.42 points and closed at 3746.99 points against 3747.41 points of Tuesday. Trading turnover, however, squeezed to 6.
Published 06 Jan, 2011 12:00am
Four banks complete trade transaction to support textile sector

Four banks complete trade transaction to support textile sector

The Asian Development Bank (ADB), International Finance Corp (IFC), Citibank, and Pakistan's MCB Bank announced on Wednesday that they have completed a landmark trade transaction that will help boost the textile industry in Pakistan, a sector that account
Published 06 Jan, 2011 12:00am
Four banks complete trade transaction to support textile sector

Four banks complete trade transaction to support textile sector

The Asian Development Bank (ADB), International Finance Corp (IFC), Citibank, and Pakistan's MCB Bank announced on Wednesday that they have completed a landmark trade transaction that will help boost the textile industry in Pakistan, a sector that account
Published 06 Jan, 2011 12:00am
Four banks complete trade transaction to support textile sector

Four banks complete trade transaction to support textile sector

The Asian Development Bank (ADB), International Finance Corp (IFC), Citibank, and Pakistan''s MCB Bank announced on Wednesday that they have completed a landmark trade transaction that will help boost the textile industry in Pakistan, a sector that accoun
Published 06 Jan, 2011 12:00am
Four banks complete trade transaction to support textile sector

Four banks complete trade transaction to support textile sector

The Asian Development Bank (ADB), International Finance Corp (IFC), Citibank, and Pakistan''''s MCB Bank announced on Wednesday that they have completed a landmark trade transaction that will help boost the textile industry in Pakistan, a sector that acco
Published 06 Jan, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
'Active Taxpayer List': FBR includes eight categories

'Active Taxpayer List': FBR includes eight categories

The Federal Board of Revenue (FBR) has included eight different categories of taxpayers in the 'Active Taxpayer List' to ensure compliance by filers of income tax returns, withholding tax statements, wealth statements, and quarterly income tax statements.
Published 06 Jan, 2011 12:00am
'Active Taxpayer List': FBR includes eight categories

'Active Taxpayer List': FBR includes eight categories

The Federal Board of Revenue (FBR) has included eight different categories of taxpayers in the 'Active Taxpayer List' to ensure compliance by filers of income tax returns, withholding tax statements, wealth statements, and quarterly income tax statements.
Published 06 Jan, 2011 12:00am
''Active Taxpayer List'': FBR includes eight categories

''Active Taxpayer List'': FBR includes eight categories

The Federal Board of Revenue (FBR) has included eight different categories of taxpayers in the ''Active Taxpayer List'' to ensure compliance by filers of income tax returns, withholding tax statements, wealth statements, and quarterly income tax statement
Published 06 Jan, 2011 12:00am
Kerry on the assassination of Taseer

Kerry on the assassination of Taseer

Senate Foreign Relations Committee Chairman, John Kerry (D-MA) released the following statement condemning the assassination of the governor of Punjab, Salmaan Taseer. "Governor Taseer was a proud champion of democracy and respect for the rights of women
Published 06 Jan, 2011 12:00am
Kerry on the assassination of Taseer

Kerry on the assassination of Taseer

Senate Foreign Relations Committee Chairman, John Kerry (D-MA) released the following statement condemning the assassination of the governor of Punjab, Salmaan Taseer. "Governor Taseer was a proud champion of democracy and respect for the rights of women
Published 06 Jan, 2011 12:00am
Republicans take over US House, dilute cuts

Republicans take over US House, dilute cuts

Republicans scaled back plans for deep cuts in US government spending as they took power in the House of Representatives on Wednesday, diluting a key promise that helped them to victory in November's election. A senior Republican also signalled the party
Published 06 Jan, 2011 12:00am
Republicans take over US House, dilute cuts

Republicans take over US House, dilute cuts

Republicans scaled back plans for deep cuts in US government spending as they took power in the House of Representatives on Wednesday, diluting a key promise that helped them to victory in November's election. A senior Republican also signalled the party
Published 06 Jan, 2011 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

Bearish sentiment was again witnessed on the currency market on Wednesday as the rupee continued its fall versus dollar, dealers said. The rupee shed four paisa in relation to dollar for buying at 85.74 and three paisa for selling at 85.78, they said.
Published 06 Jan, 2011 12:00am
'Infrastructure Bank' under study

'Infrastructure Bank' under study

The government is considering setting up an 'Infrastructure Bank' to meet financial requirements of infrastructure and industrial projects, said Secretary Finance Dr Waqar Masood here on Wednesday.
Published 06 Jan, 2011 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

Bearish sentiment was again witnessed on the currency market on Wednesday as the rupee continued its fall versus dollar, dealers said. The rupee shed four paisa in relation to dollar for buying at 85.74 and three paisa for selling at 85.78, they said.
Published 06 Jan, 2011 12:00am
'Infrastructure Bank' under study

'Infrastructure Bank' under study

The government is considering setting up an 'Infrastructure Bank' to meet financial requirements of infrastructure and industrial projects, said Secretary Finance Dr Waqar Masood here on Wednesday.
Published 06 Jan, 2011 12:00am
''Infrastructure Bank'' under study

''Infrastructure Bank'' under study

The government is considering setting up an ''Infrastructure Bank'' to meet financial requirements of infrastructure and industrial projects, said Secretary Finance Dr Waqar Masood here on Wednesday.
Published 06 Jan, 2011 12:00am
Over 4,000 posts for persons with disabilities still vacant

Over 4,000 posts for persons with disabilities still vacant

Over 4,000 posts for persons with disabilities in public departments are still vacant for last several months depriving them to earn respectable living. Official sources told newsmen here on Wednesday that concerned departments were asked for the certific
Published 06 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
Revised Maritime Policy discussed

Revised Maritime Policy discussed

National Maritime Affairs Co-ordination Committee (NMACC) in its 14th meeting held on Wednesday discussed in threadbare the Revised National Maritime Policy. The meeting held in the Ministry of Defence was chaired by Chairman of the committee, Secretary D
Published 06 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
Inflation worst ever, says MoF

Inflation worst ever, says MoF

The country has been facing worst-ever inflation of its history after 1970, primarily because of fiscal indiscipline and borrowing from the State Bank of Pakistan to meet the deficit, reveals the Ministry of Finance.
Published 06 Jan, 2011 12:00am
Swine flue claims two lives, affects 11 so far

Swine flue claims two lives, affects 11 so far

The influenza virus (H1N1) commonly known as Swine flue has taken lives of two persons and affected 11 so far. The first victim was identified as Hafizullah, 28, died on the New Year night while the second victim was a married woman Rafia Aslam who passed
Published 06 Jan, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (January 05, 2011) and for Thursday (January 06, 2011).
Published 06 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
Fishy deals unveiled in OGDC audit

Fishy deals unveiled in OGDC audit

An Oil and Gas Development Company (OGDC) audit report has found fishy deals in hiring of rigs and payments to their suppliers, showing poor management in dealing of business involving huge foreign exchange. The audit observed that OGDC paid irrationally
Published 06 Jan, 2011 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
PPP Punjab observes Bhutto's anniversary with simplicity

PPP Punjab observes Bhutto's anniversary with simplicity

Pakistan Peoples Party (PPP) Punjab observed 83rd birth anniversary of the founder Chairman of the Pakistan Peoples Party (PPP) and the former Prime Minister of Pakistan Shaheed Zulfiqar Ali Bhutto on Wednesday with simplicity due to Governor Punjab Salma
Published 06 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 06 Jan, 2011 12:00am
FIR registered

FIR registered

The First Information Report (No 6/2011) of the assassination of Punjab Governor Salmaan Taseer was registered at Kohsar Police Station by Shehryar Taseer, son of the slain Governor, Police sources said here on Wednesday.
Published 06 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 06 Jan, 2011 12:00am
Punjab government constitutes special team

Punjab government constitutes special team

Punjab Law Minister Rana Sanaullah has said that the Punjab government has constituted a special team to probe the Punjab Governor's assassination. While talking to newsmen outside the Punjab Assembly here on Wednesday, he said Nasir Durrani would head th
Published 06 Jan, 2011 12:00am
Lawyers condemn assassination

Lawyers condemn assassination

The lawyers' community on Wednesday strongly condemned murder of Punjab Governor Salmaan Taseer and demanded of the government to investigate the matter properly and arrest the real faces behind this conspiracy. Former Vice Chairman of Pakistan Bar Counci
Published 06 Jan, 2011 12:00am
Iranian CG condoles death

Iranian CG condoles death

Iran's Consul General Abbas Ali Abul-Aalai called on to Sindh Senior Minister for Education and Literacy Pir Mazhar-ul-Haq on Wednesday at his residence. On this occasion, the Iranian CG condoled with Pir Mazher on the assassination of Governor Punjab Sal
Published 06 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 05, 2011).

Published 06 Jan, 2011 12:00am
Assassination of Taseer: JIT visits Kohsar Market crime scene

Assassination of Taseer: JIT visits Kohsar Market crime scene

The Joint Investigation Team (JIT) probing the assassination of Governor Punjab Salmaan Taseer visited Kohsar Market crime scene and collected evidence, questioning the eye-witnesses. The JIT led by DIG Operations Islamabad Police Bani Ameen Khan took the
Published 06 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (January 05, 2011) and the forecast for Thursday (January 06, 2011).

Published 06 Jan, 2011 12:00am
JIT told to produce killer before ATC

JIT told to produce killer before ATC

The Judge of a lower court on Wednesday refused to give physical remand of Mumtaz Qadri, who allegedly killed Punjab Governor Salman Taseer, and directed the Joint Investigation Team to present the accused before the Anti-Terrorist Court on Thursday.
Published 06 Jan, 2011 12:00am
'Assassination of Salmaan a cruel act'

'Assassination of Salmaan a cruel act'

Assassination of Governor Punjab Salmaan Taseer is cruel act which has not only disturbed politics but all segments of life have also effected. This was commented by Regional Chairman FPCCI Mian Tariq Shafi and Vice-President Chaudhry Aamer Ata Bajwa in t
Published 06 Jan, 2011 12:00am
Bijarani condemns killing

Bijarani condemns killing

Federal Minister for Industries and Production, Mir Hazar Khan Bijarani on Wednesday condemned the killing of Governor Punjab, Salman Taseer. He expressed his deep sense of grief and sorrow over the tragic death of Governor Punjab. The Minister, in his co
Published 06 Jan, 2011 12:00am
Assassination of Taseer condemned

Assassination of Taseer condemned

Condemning the assassination of Punjab Governor Salmaan Taseer, Makhdoom Javed Hashmi, MNA of PML-N, Pakistan Tehreek-e-Insaaf leader Major Mujib Ahmed Khan (Retd), PML-Q leader Shaikh Tahir Rasheed, PML-F central Joint Secretary Alhaj Ashraf Qureshi said
Published 06 Jan, 2011 12:00am
Complete strike observed in Sialkot

Complete strike observed in Sialkot

Funeral prayers (Ghaibana) of Punjab Governor Salmaan Taseer were offered at the heart of city Chowk Allama Iqbal here on Wednesday afternoon. People belonging to different walks of life, including members of PPP and PSF attended the funeral prayer. Compl
Published 06 Jan, 2011 12:00am
Lahore markets remain closed

Lahore markets remain closed

The markets in the city remained closed on Wednesday to express solidarity with Governor Punjab Salman Taseer who was assassinated in a firing incident at Islamabad's Kohsar market on Tuesday.
Published 06 Jan, 2011 12:00am
PML-N for joint probe by Punjab, Federal Police

PML-N for joint probe by Punjab, Federal Police

Pakistan Muslim League-Nawaz (PML-N) has said that a joint investigation by Punjab and Federal Police should be conducted in the assassination case of Governor Punjab, Salmaan Taseer. PML-N leader Saddiqual Farooq Wednesday said while talking to Busine
Published 06 Jan, 2011 12:00am
Turkish Prime Minister condoles with Zardari

Turkish Prime Minister condoles with Zardari

Turkish Prime Minister Tayyip Erdogan telephoned President Asif Ali Zardari on Wednesday evening and condemned the assassination of Punjab Governor Salmaan Taseer. Offering his condolences and condemning the assassination of Salmaan Taseer, the Turkish Pr
Published 06 Jan, 2011 12:00am
PPP supporters stage demonstration

PPP supporters stage demonstration

Hundreds of supporters of the Pakistan People's Party (PPP) staged a demonstration after Ghaibana funeral prayers at M.C.C ground on Wednesday in protest over the martyrdom of Punjab Governor Salmaan Taseer. While activists of People's Students Federation
Published 06 Jan, 2011 12:00am
Avoid statements until completion of probe: Aitzaz

Avoid statements until completion of probe: Aitzaz

Former President Supreme Court Bar Association and senior leader of Pakistan Peoples Party (PPP) Aitzaz Ahsan has advised his party men to avoid issuing statements until completion of investigations on Taseer's assassination. He was talking to media after
Published 06 Jan, 2011 12:00am
Business community expresses grief

Business community expresses grief

The business community in the country has expressed profound sorrow and grief over the killing of Punjab Governor Salmaan Taseer in Islamabad Tuesday. In separate messages, they said Taseer was a senior politician besides a professional businessman of the
Published 06 Jan, 2011 12:00am
Qul today

Qul today

"Qul" for the eternal peace of departed soul of late Salmaan Taseer would be held at the Governor's House lawns on Thursday (today) at 02:00 pm. "Quran Khawani" would be held on the occasion. Elaborate security arrangements will be made and entry in the G
Published 06 Jan, 2011 12:00am
Assassination condemned

Assassination condemned

PPP tehsil Khanpur office-bearers have strongly condemned the assassination of Governor Punjab Salman Taseer. In a statement issued on Wednesday, Tehsil President Chaudhry Atta Muhammad, PPP city president Sheikh Nasir Ahmad and Peoples Labour Bureau chai
Published 06 Jan, 2011 12:00am
Index gains 30.58 points

Index gains 30.58 points

Late buying, mainly by foreign investors, supported the KSE-100 index to close in positive at 12,140.84 points with a net gain of 30.58 points. The market witnessed mixed activity throughout the session with the index oscillating between 12,211.18 points
Published 06 Jan, 2011 12:00am
Index gains 30.58 points

Index gains 30.58 points

Late buying, mainly by foreign investors, supported the KSE-100 index to close in positive at 12,140.84 points with a net gain of 30.58 points. The market witnessed mixed activity throughout the session with the index oscillating between 12,211.18 points
Published 06 Jan, 2011 12:00am
Index gains 30.58 points

Index gains 30.58 points

Late buying, mainly by foreign investors, supported the KSE-100 index to close in positive at 12,140.84 points with a net gain of 30.58 points. The market witnessed mixed activity throughout the session with the index oscillating between 12,211.18 points
Published 06 Jan, 2011 12:00am
BRIndex30 sheds 6.52 points

BRIndex30 sheds 6.52 points

On Wednesday, the BRIndex30 opened at 8,961.14 points and remained in green for the entire trading time, except in the last hour. It touched the intra-day high of 9,059.99 points and low of 8,921.98 points, and closed at 8,954.62 points with a net negativ
Published 06 Jan, 2011 12:00am
BRIndex30 sheds 6.52 points

BRIndex30 sheds 6.52 points

On Wednesday, the BRIndex30 opened at 8,961.14 points and remained in green for the entire trading time, except in the last hour. It touched the intra-day high of 9,059.99 points and low of 8,921.98 points, and closed at 8,954.62 points with a net negativ
Published 06 Jan, 2011 12:00am
LSE to launch corporate briefing programme

LSE to launch corporate briefing programme

Lahore Stock Exchange (LSE) is going to launch the corporate briefing programme in a bid to enable the listed companies to brief their stakeholders once in a year in the Stock exchange sitting. In this regard, Treet Corporation Limited will be giving away
Published 06 Jan, 2011 12:00am
First Safar today

First Safar today

The moon of new Islamic month Safarul Muzaffar was sighted on Wednesday and tomorrow (Thursday) would be first of Safar, said a press release. The meeting of the Central Ruet Hilal Committee was held in Met Complex in Karachi under the chairmanship of Muf
Published 06 Jan, 2011 12:00am
Tax officials reluctant to utilise data available electronically

Tax officials reluctant to utilise data available electronically

The tax officials of the Federal Board of Revenue (FBR) are reluctant to utilise the electronically available sales tax, income tax and customs duty data for the last three years to cross match information of key sectors and check all declarations of taxp
Published 06 Jan, 2011 12:00am
Four labourers suffocate to death

Four labourers suffocate to death

Four labourers were killed due to suffocation in a local factory at Kolo road here on Wednesday. According to police, Naseer Ahmad, Muhammad Nadeem, Ghulam Mustafa and Jamaat Ali were sleeping after burning a coal-heater (grate) in a room of the Five Star
Published 06 Jan, 2011 12:00am
Illicit tobacco trade causing annual loss of Rs 7.4 billion: study

Illicit tobacco trade causing annual loss of Rs 7.4 billion: study

Ever increasing illicit tobacco trade has been incurring an annual loss of Rs 7.4 billion ($85 million) to Federal Board of Revenue (FBR), a study revealed. The study "Tracing Illicit Tobacco Trade in South Asia" states that illicit tobacco trade in Pakis
Published 06 Jan, 2011 12:00am
Use of solar water disinfection technology urged

Use of solar water disinfection technology urged

As the country is confronted with energy crises, it is need of the hour to use Solar Water Disinfection (SODIS) technology for Household Water Treatment (HWT), as it is a cost-effective tool to contain microbial contamination. This was the gist of SDPI-SD
Published 06 Jan, 2011 12:00am
KESC blamed for overcharging consumers

KESC blamed for overcharging consumers

Karachi Electric Supply Company (KESC) has started overcharging consumers of various areas of the city through additional arrears despite timely payment of electricity bills while the officials at KESC are also not interested in resolving the issues.
Published 06 Jan, 2011 12:00am
Four killed, 15 hurt in wagon-truck collision

Four killed, 15 hurt in wagon-truck collision

Four persons were killed and 15 others received injuries in a wagon-truck collision at Jalal Pur road, about 60 km from on Wednesday. According to police, a wagon was on its way to Jalal Pur from here when it collided in thick fog with a truck coming from
Published 06 Jan, 2011 12:00am
Serious urea shortage crisis feared

Serious urea shortage crisis feared

The Ministry of Industries and Production (MoI&P) fears a serious urea fertiliser crisis across the country after the government's fertiliser import plan fails to materialise, sources told Business Recorder. "We are foreseeing a serious urea crisis
Published 06 Jan, 2011 12:00am
Release of father: girl seeks rights bodies', media's help

Release of father: girl seeks rights bodies', media's help

Sharee Baloch - a daughter of a missing person - Wahid Qamber Baloch on Wednesday appealed to rights' organisations and global media for help to get her father released. Speaking at a press conference at Karachi Press Club, she said that the Chief Justice
Published 06 Jan, 2011 12:00am
JUI-F to boycott meeting summoned by Prime Minister

JUI-F to boycott meeting summoned by Prime Minister

Jamiat Ulema-i-Islam-Fazl (JUI-F) demanded of Prime Minister Yousuf Raza Gilani's resignation along with his cabinet on Wednesday, besides announcing to boycott the meeting summoned by the prime minister on the situation arising out of the surge in petrol
Published 06 Jan, 2011 12:00am
Right to Self-determination Day observed in Kashmir

Right to Self-determination Day observed in Kashmir

Kashmiris on both sides of the Line of Control and the world over are observing the Right of Self-determination Day on Wednesday. According to Kashmir Media Service, the observance of the Day is aimed at reminding the world that the United Nations resolut
Published 06 Jan, 2011 12:00am
Conference on energy issues on January 29

Conference on energy issues on January 29

The 3RD Oil and Gas Pakistan 2011 Forum will hold a conference on the theme "Focusing on Energy Issues & Opportunities to Secure Pakistan's Future" on January 29. The Ministry of Petroleum & Natural Resources, Government of Pakistan along with PLATTS, wor
Published 06 Jan, 2011 12:00am
Mamookanjan plan: sugar cane growers body briefs US team

Mamookanjan plan: sugar cane growers body briefs US team

Convenor Sugar Cane Growers Association Javed Mahmood Malik called on the officials of US Consulate Lahore's Economic Officials including Jassica E. Berlow and others the other day and presented a copy of Sugar Cane Growers' Industrial Complex High Tech E
Published 06 Jan, 2011 12:00am
Agreement to improve functioning of LCUs signed

Agreement to improve functioning of LCUs signed

Islamabad police and GIZ Gender Responsive Policing (GRP) Project have signed an agreement with respect to Ladies Complaint Units (LCUs) to improve its functioning by ensuring prompt action in case of violence against women. The agreement was signed by AI
Published 06 Jan, 2011 12:00am
Suspension against law: experts: PEC elections halted

Suspension against law: experts: PEC elections halted

The National Assembly Standing Committee on Science and Technology has directed the Pakistan Engineering Council (PEC) to halt the on-going election of engineering council being conducted under PEC Act, 1976. The directives were issued following Standing
Published 06 Jan, 2011 12:00am
Schneider Electric launches EcoBreeze

Schneider Electric launches EcoBreeze

APC by Schneider Electric, a global leader in integrated critical power and cooling services, on Wednesday announced the launch of EcoBreeze(tm), a modular indirect evaporative and air-to-air heat exchanger cooling solution, for tackling the energy requir
Published 06 Jan, 2011 12:00am
Business community welcomes TDAP decision

Business community welcomes TDAP decision

Business Community has welcomed the Trade Development Authority of Pakistan (TDAP) decision to reduce certificate of origin fee from Rs 1000 to Rs 100 per shipment. Recent past the TDAP has abruptly increased the certificate of origin fee from Rs 25 per e
Published 06 Jan, 2011 12:00am
One killed, two injured in an armed attack

One killed, two injured in an armed attack

A man was killed while two others injured in the wee hours of Wednesday in an armed attack in the limits of Korangi police station. Police sources said that some three armed assailants, who came on bike, sprayed bullets on Ashraf Ali, 48 and two others Mo
Published 06 Jan, 2011 12:00am
Targeted killings in 2010: 748 people including 447 activists killed

Targeted killings in 2010: 748 people including 447 activists killed

At least 748 people including 447 activists of political, religious and other parties were killed in target killing in Karachi during the year 2010. According to the statistics of Human Rights Commission of Pakistan (HRCP) 1981 people were killed in vario
Published 06 Jan, 2011 12:00am
Railways 'drive against ticket-less travelling' launched

Railways 'drive against ticket-less travelling' launched

The Pakistan Railways, Karachi Division, has launched a vigorous campaign against ticket-less travelling. An official said on Wednesday the campaign had been initiated on the directive of Divisional Superintendent Karachi, Aftab Ahmed Memon.
Published 06 Jan, 2011 12:00am
Islamic banking share improved 6.4 percent in September

Islamic banking share improved 6.4 percent in September

Islamic Banking Industry (IBI) has sustained growth momentum despite prevailing tenuous economic conditions; and overall share of IBI in the country's banking system also improved to 6.4 percent in September 2010.
Published 06 Jan, 2011 12:00am
Fish prices double but hike in diesel price offsets profits

Fish prices double but hike in diesel price offsets profits

Soaring diesel prices have offset profits for fishermen despite the winter's low catch is fetching nearly double prices. Unlike last year, a sizeable number of Indian Mackerel is landing this winter, fetching a good sum of Rs 300 per kg as compared to its
Published 06 Jan, 2011 12:00am
JCR-VIS upgrades management quality rating of ABL AMC

JCR-VIS upgrades management quality rating of ABL AMC

JCR-VIS Credit Rating Company Limited has upgraded the Management Quality Rating of ABL - Asset Management Company Limited (ABL AMC) to 'AM3+' (AM Three Plus) from 'AM3' (AM Three). The rating action takes into account improvement in systems and controls
Published 06 Jan, 2011 12:00am
JCR-VIS upgrades management quality rating of ABL AMC

JCR-VIS upgrades management quality rating of ABL AMC

JCR-VIS Credit Rating Company Limited has upgraded the Management Quality Rating of ABL - Asset Management Company Limited (ABL AMC) to 'AM3+' (AM Three Plus) from 'AM3' (AM Three). The rating action takes into account improvement in systems and controls
Published 06 Jan, 2011 12:00am
CDGK given 1,490 acres of land for various projects

CDGK given 1,490 acres of land for various projects

Board of Revenue, Sindh has handed over 1,490 acres land to City District Government Karachi (CDGK) for its projects here on Wednesday. Officials at CDGK told Business Recorder that Board of Revenue Sindh has allotted the land to CDGK for various p
Published 06 Jan, 2011 12:00am
Postal employees stage demonstration against privatisation

Postal employees stage demonstration against privatisation

A large number of postal employees on Wednesday staged demonstration at I. I. Chundrigar Road to lodge protest against government's reported move to privatise Pakistan Post Office Department. Postal Action Committee for Anti-Privatisation (alliance of Col
Published 06 Jan, 2011 12:00am
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