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Archive - 2011-02-16
Moody's downgrades Danish bank ratings
Top News

Moody's downgrades Danish bank ratings

COPENHAGEN: Moody's on Wednesday downgraded the long-term rating of five Danish banks, including the country's largest,
Published 16 Feb, 2011 06:22pm
European stocks close higher
Financial

European stocks close higher

LONDON: European stock markets closed higher Wednesday, boosted by solid earnings from US computer giant Dell and Dutch
Published 16 Feb, 2011 05:45pm
Kerry calls on Hafeez
Top News

Kerry calls on Hafeez

ISLAMABAD: US Senator John Kerry called on Minister for Finance, Revenue, Economic Affairs and Planning and Development
Published 16 Feb, 2011 05:03pm
European stocks gain traction
Financial

European stocks gain traction

LONDON: European stock markets rose on Wednesday as investor sentiment was boosted by solid earnings news from US comput
Published 16 Feb, 2011 02:41pm
Daimler bounces back to profit in 2010
Top News

Daimler bounces back to profit in 2010

STUTTGART: German luxury car maker Daimler shot back to profit last year after massive 2009 losses on a rebound in maj
Published 16 Feb, 2011 01:43pm
Ambani meets investigators
Asia

Ambani meets investigators

NEW DELHI: Indian police investigators quizzed telecoms tycoon Anil Ambani on Wednesday over a suspected mobile licens
Published 16 Feb, 2011 01:24pm
Court to decide US gunman's immunity: PM
Top News

Court to decide US gunman's immunity: PM

ISLAMABAD: Prime Minister Yousuf Raza Gilani said Wednesday that the courts would decide whether a US official who sh
Published 16 Feb, 2011 12:44pm
Qureshi rejects US gunman's immunity
Top News

Qureshi rejects US gunman's immunity

ISLAMABAD: Pakistan's former foreign minister Shah Mehmood Qureshi said Wednesday that a US official accused of killi
Published 16 Feb, 2011 09:55am
Italy's ENI profits soar in 2010
Energy

Italy's ENI profits soar in 2010

MILAN:  Italy's largest oil and gas company ENI on Wednesday said its 2010 net profit soared 44.7 percent to 6.32 billio
Published 16 Feb, 2011 08:42am
Japan, India sign free trade pact
Top News

Japan, India sign free trade pact

TOKYO:  Japan and India signed a free trade pact Wednesday under which the high tech nation and the South Asian giant pl
Published 16 Feb, 2011 05:54am
Ad hoc judges: SCBA concerned at proposed re-appointment

Ad hoc judges: SCBA concerned at proposed re-appointment

Supreme Court Bar Association (SCBA) has expressed its concern over the resolution for appointment of Justice Khalil-ur-Rehman Ramady and former Justice Rehmat Jafri as ad hoc judges for one year term, unanimously passed in a full court reference of the s
Published 16 Feb, 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 Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
Kabul blamed for derailing APTTA

Kabul blamed for derailing APTTA

Pakistan on Tuesday pointed finger towards Kabul for derailing the Afghanistan Pakistan Transit Trade Agreement (APTTA), which was signed after years of deliberations, on issues like interpretation of bank guarantees for goods to be transported to Afghani
Published 16 Feb, 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 Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
Kabul blamed for derailing APTTA

Kabul blamed for derailing APTTA

Pakistan on Tuesday pointed finger towards Kabul for derailing the Afghanistan Pakistan Transit Trade Agreement (APTTA), which was signed after years of deliberations, on issues like interpretation of bank guarantees for goods to be transported to Afghani
Published 16 Feb, 2011 12:00am
Kabul blamed for derailing APTTA

Kabul blamed for derailing APTTA

Pakistan on Tuesday pointed finger towards Kabul for derailing the Afghanistan Pakistan Transit Trade Agreement (APTTA), which was signed after years of deliberations, on issues like interpretation of bank guarantees for goods to be transported to Afghani
Published 16 Feb, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (February 15, 2011).
Published 16 Feb, 2011 12:00am
Suspended IMF SBA: donors tie aid with restoration of programme

Suspended IMF SBA: donors tie aid with restoration of programme

The bilateral as well as multilateral donors including Asian Development Bank (ADB) and World Bank (WB) have stopped release of aid by linking it with restoration of International Monetary Fund (IMF) stand-by arrangement suspended programme.
Published 16 Feb, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
Suspended IMF SBA: donors tie aid with restoration of programme

Suspended IMF SBA: donors tie aid with restoration of programme

The bilateral as well as multilateral donors including Asian Development Bank (ADB) and World Bank (WB) have stopped release of aid by linking it with restoration of International Monetary Fund (IMF) stand-by arrangement suspended programme.
Published 16 Feb, 2011 12:00am
Suspended IMF SBA: donors tie aid with restoration of programme

Suspended IMF SBA: donors tie aid with restoration of programme

The bilateral as well as multilateral donors including Asian Development Bank (ADB) and World Bank (WB) have stopped release of aid by linking it with restoration of International Monetary Fund (IMF) stand-by arrangement suspended programme.
Published 16 Feb, 2011 12:00am
SBP receives bids worth Rs 53.275 billion for PIBs

SBP receives bids worth Rs 53.275 billion for PIBs

The State Bank of Pakistan (SBP) on Tuesday received bids worth Rs 53.275 billion for the auction of 3, 5, 7, 10, 15, 20 and 30-year long-term Pakistan Investment Bonds (PIBs) as against the target of Rs 20 billion. Out of the total received bids, the cen
Published 16 Feb, 2011 12:00am
SBP receives bids worth Rs 53.275 billion for PIBs

SBP receives bids worth Rs 53.275 billion for PIBs

The State Bank of Pakistan (SBP) on Tuesday received bids worth Rs 53.275 billion for the auction of 3, 5, 7, 10, 15, 20 and 30-year long-term Pakistan Investment Bonds (PIBs) as against the target of Rs 20 billion. Out of the total received bids, the cen
Published 16 Feb, 2011 12:00am
SBP receives bids worth Rs 53.275 billion for PIBs

SBP receives bids worth Rs 53.275 billion for PIBs

The State Bank of Pakistan (SBP) on Tuesday received bids worth Rs 53.275 billion for the auction of 3, 5, 7, 10, 15, 20 and 30-year long-term Pakistan Investment Bonds (PIBs) as against the target of Rs 20 billion. Out of the total received bids, the cen
Published 16 Feb, 2011 12:00am
SBP receives bids worth Rs 53.275 billion for PIBs

SBP receives bids worth Rs 53.275 billion for PIBs

The State Bank of Pakistan (SBP) on Tuesday received bids worth Rs 53.275 billion for the auction of 3, 5, 7, 10, 15, 20 and 30-year long-term Pakistan Investment Bonds (PIBs) as against the target of Rs 20 billion. Out of the total received bids, the cen
Published 16 Feb, 2011 12:00am
July-January period: foreign investment up 44 percent to $1.18 billion

July-January period: foreign investment up 44 percent to $1.18 billion

For the first time during the current fiscal year, a significant improvement has been witnessed on the investment front as the Net Foreign Investment in Pakistan rose by 44 percent to $1.18 billion during July-January period. Net foreign investment in the
Published 16 Feb, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
July-January period: foreign investment up 44 percent to $1.18 billion

July-January period: foreign investment up 44 percent to $1.18 billion

For the first time during the current fiscal year, a significant improvement has been witnessed on the investment front as the Net Foreign Investment in Pakistan rose by 44 percent to $1.18 billion during July-January period. Net foreign investment in the
Published 16 Feb, 2011 12:00am
July-January period: foreign investment up 44 percent to $1.18 billion

July-January period: foreign investment up 44 percent to $1.18 billion

For the first time during the current fiscal year, a significant improvement has been witnessed on the investment front as the Net Foreign Investment in Pakistan rose by 44 percent to $1.18 billion during July-January period. Net foreign investment in the
Published 16 Feb, 2011 12:00am
Index gains 132.19 points

Index gains 132.19 points

The investors' interest revived on Tuesday at attractive low levels on expectation of early launch of leverage product and the benchmark KSE-100 index registered healthy gain of 132.19 points to close at 12,078.28 points. The market opened at the positive
Published 16 Feb, 2011 12:00am
Index gains 132.19 points

Index gains 132.19 points

The investors' interest revived on Tuesday at attractive low levels on expectation of early launch of leverage product and the benchmark KSE-100 index registered healthy gain of 132.19 points to close at 12,078.28 points. The market opened at the positive
Published 16 Feb, 2011 12:00am
Index gains 132.19 points

Index gains 132.19 points

The investors'' interest revived on Tuesday at attractive low levels on expectation of early launch of leverage product and the benchmark KSE-100 index registered healthy gain of 132.19 points to close at 12,078.28 points. The market opened at the positiv
Published 16 Feb, 2011 12:00am
BRIndex30 up 112.76 points

BRIndex30 up 112.76 points

On Tuesday, BRIndex30 opened at 8,687.92 and remained positive throughout the trading session. It touched an intraday high of 8,866.03 and an intraday low of 8,687.92 and closed at 8,800.68 which was 112.76 points or 1.3 percent higher than previous close
Published 16 Feb, 2011 12:00am
BRIndex30 up 112.76 points

BRIndex30 up 112.76 points

On Tuesday, BRIndex30 opened at 8,687.92 and remained positive throughout the trading session. It touched an intraday high of 8,866.03 and an intraday low of 8,687.92 and closed at 8,800.68 which was 112.76 points or 1.3 percent higher than previous close
Published 16 Feb, 2011 12:00am
Eid-e-Milad (PBUH) today

Eid-e-Milad (PBUH) today

Eid-e-Milad-un-Nabi (PBUH)-the 12th of Rabi-ul-Awwal marking the birthday of Holy Prophet (Peace be upon him) is being celebrated with traditional religious enthusiasm and solemnity across the country on Wednesday (today). The day will dawn with Qura'an K
Published 16 Feb, 2011 12:00am
Eid-e-Milad (PBUH) today

Eid-e-Milad (PBUH) today

Eid-e-Milad-un-Nabi (PBUH)-the 12th of Rabi-ul-Awwal marking the birthday of Holy Prophet (Peace be upon him) is being celebrated with traditional religious enthusiasm and solemnity across the country on Wednesday (today). The day will dawn with Qura'an K
Published 16 Feb, 2011 12:00am
Obama urges Pakistan to free Davis

Obama urges Pakistan to free Davis

President Barack Obama urged Pakistan Tuesday to free a detained US official, while insisting that he was not "callous" about the deadly shooting that led to the US employee's arrest. In his first public remarks on a case that has cast a chill over an alr
Published 16 Feb, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
Obama urges Pakistan to free Davis

Obama urges Pakistan to free Davis

President Barack Obama urged Pakistan Tuesday to free a detained US official, while insisting that he was not "callous" about the deadly shooting that led to the US employee's arrest. In his first public remarks on a case that has cast a chill over an alr
Published 16 Feb, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
Davis a US diplomat: foreign office

Davis a US diplomat: foreign office

The Foreign Office declared late Tuesday that Raymond Davis was a diplomat and appointed in the United States Embassy in Islamabad, a private TV channel reported. According to the channel, a letter has been sent to the law ministry informing it that Davis
Published 16 Feb, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
Davis a US diplomat: foreign office

Davis a US diplomat: foreign office

The Foreign Office declared late Tuesday that Raymond Davis was a diplomat and appointed in the United States Embassy in Islamabad, a private TV channel reported. According to the channel, a letter has been sent to the law ministry informing it that Davis
Published 16 Feb, 2011 12:00am
Kerry apologises over killings

Kerry apologises over killings

US senator John Kerry said on Tuesday his country was deeply sorry over the killing of two Pakistanis by a US official, after arriving in Pakistan to resolve a diplomatic row over the man. "We are deeply, deeply sorry for that tragic incident," Kerry told
Published 16 Feb, 2011 12:00am
Kerry apologises over killings

Kerry apologises over killings

US senator John Kerry said on Tuesday his country was deeply sorry over the killing of two Pakistanis by a US official, after arriving in Pakistan to resolve a diplomatic row over the man. "We are deeply, deeply sorry for that tragic incident," Kerry told
Published 16 Feb, 2011 12:00am
Obama proposes $3.1 billion for Pakistan spending

Obama proposes $3.1 billion for Pakistan spending

The Obama administration has proposed to Congress a total of $3.1 billion in the 2012 budget for US economic and security assistance and diplomatic operations in Pakistan, according to a senior American official.
Published 16 Feb, 2011 12:00am
Obama proposes $3.1 billion for Pakistan spending

Obama proposes $3.1 billion for Pakistan spending

The Obama administration has proposed to Congress a total of $3.1 billion in the 2012 budget for US economic and security assistance and diplomatic operations in Pakistan, according to a senior American official.
Published 16 Feb, 2011 12:00am
Obama proposes $3.1 billion for Pakistan spending

Obama proposes $3.1 billion for Pakistan spending

The Obama administration has proposed to Congress a total of $3.1 billion in the 2012 budget for US economic and security assistance and diplomatic operations in Pakistan, according to a senior American official.
Published 16 Feb, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Feb, 2011 12:00am
Thousands of protesters march in Manama

Thousands of protesters march in Manama

Thousands of Shia protesters marched into the capital of Bahrain on Tuesday after a man was killed in clashes between police and mourners at a funeral for a demonstrator shot dead at an earlier anti-government rally. The death, a day after a "Day of Rage"
Published 16 Feb, 2011 12:00am
Thousands of protesters march in Manama

Thousands of protesters march in Manama

Thousands of Shia protesters marched into the capital of Bahrain on Tuesday after a man was killed in clashes between police and mourners at a funeral for a demonstrator shot dead at an earlier anti-government rally. The death, a day after a "Day of Rage"
Published 16 Feb, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 16 Feb, 2011 12:00am
Rivals clash in Yemen palace protest march

Rivals clash in Yemen palace protest march

Pro-regime supporters armed with batons and stones Tuesday waded into anti-government protesters trying to march on Yemen's presidential palace, sparking clashes dispersed by police, witnesses said. At least three people were injured as the rivals pelted
Published 16 Feb, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Feb, 2011 12:00am
Rivals clash in Yemen palace protest march

Rivals clash in Yemen palace protest march

Pro-regime supporters armed with batons and stones Tuesday waded into anti-government protesters trying to march on Yemen's presidential palace, sparking clashes dispersed by police, witnesses said. At least three people were injured as the rivals pelted
Published 16 Feb, 2011 12:00am
Board meetings in progress

Board meetings in progress

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

Published 16 Feb, 2011 12:00am
US picks new Afghanistan and Pakistan envoy

US picks new Afghanistan and Pakistan envoy

Retired diplomat Marc Grossman will replace the late Richard Holbrooke as US special envoy to Afghanistan and Pakistan, The Washington Post reported Monday. The Post said Secretary of State Hillary Clinton would announce the appointment in a major speech
Published 16 Feb, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Feb, 2011 12:00am
US picks new Afghanistan and Pakistan envoy

US picks new Afghanistan and Pakistan envoy

Retired diplomat Marc Grossman will replace the late Richard Holbrooke as US special envoy to Afghanistan and Pakistan, The Washington Post reported Monday. The Post said Secretary of State Hillary Clinton would announce the appointment in a major speech
Published 16 Feb, 2011 12:00am
38.51 points improvement seen on ISE

38.51 points improvement seen on ISE

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 improvement of 38.51 points as the ISE Ten Index moved from 2,916.49
Published 16 Feb, 2011 12:00am
38.51 points improvement seen on ISE

38.51 points improvement seen on ISE

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 improvement of 38.51 points as the ISE Ten Index moved from 2,916.49
Published 16 Feb, 2011 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today (Wednesday) February 16 on account of Eid-Milad-un-Nabi (SAW). There will, therefore, be no issue of the paper tomorrow, Thursday (February 17). However arrangement has been made to update I
Published 16 Feb, 2011 12:00am
Sindh cabinet to be resized

Sindh cabinet to be resized

Sindh government, following in the footsteps of Federal Cabinet, has decided to trim provincial cabinet, Aaj News reported. According to the channel, the new cabinet will have 25-30 ministers and three advisors - 15 ministers and two advisors from Pakista
Published 16 Feb, 2011 12:00am
Sindh cabinet to be resized

Sindh cabinet to be resized

Sindh government, following in the footsteps of Federal Cabinet, has decided to trim provincial cabinet, Aaj News reported. According to the channel, the new cabinet will have 25-30 ministers and three advisors - 15 ministers and two advisors from Pakista
Published 16 Feb, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
Police submits challan of Davis case

Police submits challan of Davis case

The Police on Tuesday submitted challan of Raymond Davis case before the District and Sessions Judge Lahore. Police maintained in its 25-page charge sheet that the investigations proved murder charges of two persons, including Faheem and Faizan Haider, ag
Published 16 Feb, 2011 12:00am
No trading in TFCs outside BATS beyond April 30: SECP

No trading in TFCs outside BATS beyond April 30: SECP

The Securities and Exchange Commission of Pakistan (SECP) on Tuesday said that no trading in listed TFCs (Term Finance Certificates) outside Bonds Automated Trading System (BATS) would be allowed beyond April 30, 2011. In continuation with its efforts for
Published 16 Feb, 2011 12:00am
No trading in TFCs outside BATS beyond April 30: SECP

No trading in TFCs outside BATS beyond April 30: SECP

The Securities and Exchange Commission of Pakistan (SECP) on Tuesday said that no trading in listed TFCs (Term Finance Certificates) outside Bonds Automated Trading System (BATS) would be allowed beyond April 30, 2011. In continuation with its efforts for
Published 16 Feb, 2011 12:00am
No trading in TFCs outside BATS beyond April 30: SECP

No trading in TFCs outside BATS beyond April 30: SECP

The Securities and Exchange Commission of Pakistan (SECP) on Tuesday said that no trading in listed TFCs (Term Finance Certificates) outside Bonds Automated Trading System (BATS) would be allowed beyond April 30, 2011. In continuation with its efforts for
Published 16 Feb, 2011 12:00am
US-Afghan talks to go ahead without Pakistan

US-Afghan talks to go ahead without Pakistan

US and Afghan officials were to go ahead with bilateral talks later this month after Washington postponed a planned trilateral meeting with Pakistan, an official said Tuesday. The Afghan embassy in Washington said that the talks would take place on Februa
Published 16 Feb, 2011 12:00am
THE RUPEE: All-round fall

THE RUPEE: All-round fall

Bears dominated the currency market on Tuesday as the rupee drifted lower against dollar due to strong demand for the US currency, dealers said. The rupee fell sharply in relation to dollar, shedding 25 paisa for buying at 85.35 and dropped by 24 paisa fo
Published 16 Feb, 2011 12:00am
US-Afghan talks to go ahead without Pakistan

US-Afghan talks to go ahead without Pakistan

US and Afghan officials were to go ahead with bilateral talks later this month after Washington postponed a planned trilateral meeting with Pakistan, an official said Tuesday. The Afghan embassy in Washington said that the talks would take place on Februa
Published 16 Feb, 2011 12:00am
THE RUPEE: All-round fall

THE RUPEE: All-round fall

Bears dominated the currency market on Tuesday as the rupee drifted lower against dollar due to strong demand for the US currency, dealers said. The rupee fell sharply in relation to dollar, shedding 25 paisa for buying at 85.35 and dropped by 24 paisa fo
Published 16 Feb, 2011 12:00am
US-Afghan talks to go ahead without Pakistan

US-Afghan talks to go ahead without Pakistan

US and Afghan officials were to go ahead with bilateral talks later this month after Washington postponed a planned trilateral meeting with Pakistan, an official said Tuesday. The Afghan embassy in Washington said that the talks would take place on Februa
Published 16 Feb, 2011 12:00am
FIA questionnaire: Prime Minister's son submits reply

FIA questionnaire: Prime Minister's son submits reply

Abdul Qadir Gilani, son of Prime Minister Yusuf Raza Gilani has submitted his reply to the questionnaire of the Federal Investigation Agency (FIA) regarding the multi-million Haj scam, informed sources in the FIA told BR on Tuesday.
Published 16 Feb, 2011 12:00am
FIA questionnaire: Prime Minister's son submits reply

FIA questionnaire: Prime Minister's son submits reply

Abdul Qadir Gilani, son of Prime Minister Yusuf Raza Gilani has submitted his reply to the questionnaire of the Federal Investigation Agency (FIA) regarding the multi-million Haj scam, informed sources in the FIA told BR on Tuesday.
Published 16 Feb, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
POL discovers 16.3mmcfd of gas in Tolanj X-1 well

POL discovers 16.3mmcfd of gas in Tolanj X-1 well

Pakistan Oilfields Limited (POL) on Tuesday announced to have discovered 16.3mmcfd of gas in Tolanj X-1 well of TAL Block. According to information sent to Karachi Stock Exchange (KSE), in Tal Block hydrocarbons have been encountered in its exploratory we
Published 16 Feb, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
POL discovers 16.3mmcfd of gas in Tolanj X-1 well

POL discovers 16.3mmcfd of gas in Tolanj X-1 well

Pakistan Oilfields Limited (POL) on Tuesday announced to have discovered 16.3mmcfd of gas in Tolanj X-1 well of TAL Block. According to information sent to Karachi Stock Exchange (KSE), in Tal Block hydrocarbons have been encountered in its exploratory we
Published 16 Feb, 2011 12:00am
POL discovers 16.3mmcfd of gas in Tolanj X-1 well

POL discovers 16.3mmcfd of gas in Tolanj X-1 well

Pakistan Oilfields Limited (POL) on Tuesday announced to have discovered 16.3mmcfd of gas in Tolanj X-1 well of TAL Block. According to information sent to Karachi Stock Exchange (KSE), in Tal Block hydrocarbons have been encountered in its exploratory we
Published 16 Feb, 2011 12:00am
At least 44 journalists killed in 2010: CPJ

At least 44 journalists killed in 2010: CPJ

At least 44 journalists were killed world-wide because of their jobs last year, with Pakistan the deadliest country to work in, a rights group said Tuesday. The Committee to Protect Journalists listed 44 journalists either murdered or killed while coverin
Published 16 Feb, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
At least 44 journalists killed in 2010: CPJ

At least 44 journalists killed in 2010: CPJ

At least 44 journalists were killed world-wide because of their jobs last year, with Pakistan the deadliest country to work in, a rights group said Tuesday. The Committee to Protect Journalists listed 44 journalists either murdered or killed while coverin
Published 16 Feb, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (February 15, 2011) and for Wednesday (February 16, 2011).
Published 16 Feb, 2011 12:00am
Flaws noted in FBR Restructuring

Flaws noted in FBR Restructuring

The restructuring of the Federal Board of Revenue is said to be taking place without proper consultation of the Director General Human Resource Management (HRM) Wing, a key department responsible for workforce planning of the tax machinery. It has been re
Published 16 Feb, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
Flaws noted in FBR Restructuring

Flaws noted in FBR Restructuring

The restructuring of the Federal Board of Revenue is said to be taking place without proper consultation of the Director General Human Resource Management (HRM) Wing, a key department responsible for workforce planning of the tax machinery. It has been re
Published 16 Feb, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 16 Feb, 2011 12:00am
Flaws noted in FBR Restructuring

Flaws noted in FBR Restructuring

The restructuring of the Federal Board of Revenue is said to be taking place without proper consultation of the Director General Human Resource Management (HRM) Wing, a key department responsible for workforce planning of the tax machinery. It has been re
Published 16 Feb, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 16 Feb, 2011 12:00am
New organisational structure for FBR Legal Wing

New organisational structure for FBR Legal Wing

The Federal Board of Revenue has approved a new organisational structure for the FBR Legal Wing to expedite early disposal of tax related cases pending before the level of Supreme Court of Pakistan and High Court. Sources told Business Recorder her
Published 16 Feb, 2011 12:00am
Gilani seeks KIA, Kuwait Fund's support to overcome energy crisis

Gilani seeks KIA, Kuwait Fund's support to overcome energy crisis

Prime Minister Yousuf Raza Gilani on Tuesday urged the two Kuwaiti financial giants to help Pakistan overcome it's energy shortage and development of infrastructure through investments in Thar Coal and building of Gwadar Port's facilities.
Published 16 Feb, 2011 12:00am
Man stabs daughter to death, injures wife

Man stabs daughter to death, injures wife

A man on Tuesday stabbed his daughter to death and injured his wife over domestic issue in the limits of Shah Faisal Police station. According to police, the incident happened when Iftikhar Ahmed, an American citizen of Pakistani origin and resident of Ha
Published 16 Feb, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
Hoax bomb call creates panic

Hoax bomb call creates panic

A hoax bomb call resulted in an emergency drill for bomb disposal squad and rescue teams who rushed to at Central Police Office for search and rescue on Tuesday. According to a report, a hoax bomb call was received by the officials that a bomb was planted
Published 16 Feb, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 15, 2011).

Published 16 Feb, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (February 15, 2011) and the forecast for Wednesday (February 16, 2011).

Published 16 Feb, 2011 12:00am
Motiwala urges equitable distribution of gas

Motiwala urges equitable distribution of gas

Advisor to Chief Minister Sindh on Investment and former President Karachi Chamber of Commerce and Industry (KCCI), Mohammad Zubair Motiwala has urged upon equitable distribution of gas and fair play and ministry of industries and production should come u
Published 16 Feb, 2011 12:00am
New generation our future leadership: Minister

New generation our future leadership: Minister

Punjab Minister for Food Chaudhry Abdul Ghafoor has said that today's new generation is our future leadership. He was speaking at a seminar arranged by the private schools association arranged to commemorate 2011 as 'friendship with China' year. He said w
Published 16 Feb, 2011 12:00am
Raymond Davis: JI to stage road caravan, sit-in

Raymond Davis: JI to stage road caravan, sit-in

Jamaat-e-Islami chief, Syed Munawar Hasan has demanded registration of an FIR against the US Consul General for Qartba Chowk tragedy along with the recovery of the vehicle involved in the incident, failing which the JI would hold blockade of the consulate
Published 16 Feb, 2011 12:00am
Conference on peace, security and development held

Conference on peace, security and development held

The first international conference on peace, security and governance was organised by the Centre for Peace, Security and Development (Dadabhoy Institute of Higher Education) in collaboration with Carnegie Endowment for International Peace at a local hotel
Published 16 Feb, 2011 12:00am
Two-day seminar on Pak-China relations held

Two-day seminar on Pak-China relations held

China is time-tested friend of Pakistan in the region and is building projects worth $20 billions in the country whereas projects amounting to $14 billion are in the pipeline, as Pakistan is geo-economic hub of Asia with mega trade and energy corridors li
Published 16 Feb, 2011 12:00am
Punjab Assembly speaker allots separate seats to 'unification bloc'

Punjab Assembly speaker allots separate seats to 'unification bloc'

Accepting separate identity of the 'unification bloc', Speaker Punjab Assembly Rana Muhammad Iqbal on Tuesday allotted separate seats to the group in the provincial assembly. Speaker Punjab Assembly has issued a notification regarding separate seats' arra
Published 16 Feb, 2011 12:00am
Davis issue: 'no difference of opinion between PPP and government'

Davis issue: 'no difference of opinion between PPP and government'

Federal Minister for Information & Broadcasting Dr Firdous Ashiq Awan has dispelled the impression that there was a difference of opinion between Pakistan Peoples Party and the Government on the issue of Raymond Davis. She said that the statement given by
Published 16 Feb, 2011 12:00am
Imam Khomeini in the eyes of global personalities

Imam Khomeini in the eyes of global personalities

The Islamic Revolution emerged in Iran in 1979 under the able leadership of Imam Khomeini. He started his movement against the pro-American and anti-Islamic policies of the Shah in 1969. This revolution was a unique event of the 20th century, which change
Published 16 Feb, 2011 12:00am
Statements on Davis: petition filed to summon Qureshi, Fauzia

Statements on Davis: petition filed to summon Qureshi, Fauzia

A writ petition has been filed before Lahore High Court to summon former foreign minister Shah Mahmood Qureshi and PPP information secretary, Fauzia Wahab for giving contradictory statements on the issue of diplomatic immunity to Raymond Davis and divulge
Published 16 Feb, 2011 12:00am
'No progress unless women become active part of trade, industry'

'No progress unless women become active part of trade, industry'

The country cannot achieve the goal of economic prosperity without making the women an active part of trade and industry. The Small and Medium Enterprises Development Authority (SMEDA) Chief Executive Office Yousuf Naseem Khokhar stated this while address
Published 16 Feb, 2011 12:00am
Call to impose ban on export of live animals

Call to impose ban on export of live animals

Khawaja Muhammad Abdullah former Chairman of Pakistan Tanners Association (PTA) has asked the Ministry of Commerce and Ministry of Livestock to look into the matters of export of wet blue and wet blue split under unfair means and smuggling live animals, h
Published 16 Feb, 2011 12:00am
'Livestock is the largest sub-sector of agriculture'

'Livestock is the largest sub-sector of agriculture'

Livestock is the largest sub-sector of agriculture, contributing about 53 percent of the agriculture value added and sharing 12 percent of national exports amounting to 1538 billion rupees.
Published 16 Feb, 2011 12:00am
Full functioning: funds for SDC to be allocated soon

Full functioning: funds for SDC to be allocated soon

Director General National Training bureau Ministry of Labour and Manpower Razia Zuberi has said that funds for bringing Skill Development Council in to full functioning would be allocated soon as shortage of skilled labour is hitting the economy hard.
Published 16 Feb, 2011 12:00am
LSE, TSE sign MoU

LSE, TSE sign MoU

The Lahore Stock Exchange (LSE) and the Tehran Stock Exchange (TSE) have signed an agreement to enhance co-operation between capital markets and the Exchanges of the two countries. The MoU signed provides a framework for co-operation and increased assista
Published 16 Feb, 2011 12:00am
PRCFE, WWF sign MoU

PRCFE, WWF sign MoU

The Center for Financial Excellence (CFE) and the World Wide Fund for Nature-Pakistan (WWF-Pakistan) have signed a memorandum of understanding (MoU) to jointly work towards spreading environmental education and creating a new generation of youngsters who
Published 16 Feb, 2011 12:00am
Four-day gas loadshedding: 600 industrial units remain closed

Four-day gas loadshedding: 600 industrial units remain closed

More than 600 industrial units including processing, printing, sizing, dyeing units, hosiery, and chemical manufacturing plants remained closed on third consecutive day, here on Tuesday, due to gas loadshedding of four days by Sui Northern Gas Pipelines L
Published 16 Feb, 2011 12:00am
PEF to launch GIS

PEF to launch GIS

The Punjab Education Foundation (PEF) has decided to develop and launch "Geographical Information System" (GIS) for the partner schools. The purpose of this project is to help identify partner schools' locations scattered in 29 districts across the provin
Published 16 Feb, 2011 12:00am
Increase in prices of polyester fibre to aggravate problems

Increase in prices of polyester fibre to aggravate problems

Recent increase in prices of polyester fiber by local manufacturers would further aggravate the problems of already ailing textile industry by increasing the cost of production and making textile exports uncompetitive in market, said Wasim Latif, Chairman
Published 16 Feb, 2011 12:00am
UVAS, UNIDO agree to collaborate in education sector

UVAS, UNIDO agree to collaborate in education sector

University of Veterinary and Animal Sciences and United Nations Industrial Development Organisation (UNIDO) can collaborate in the education sector and have planed to launch masters' programme in food safety and security. UNIDO has planned to launch one-y
Published 16 Feb, 2011 12:00am
No loadshedding on Eid-Milad-un-Nabi: DG Pepco

No loadshedding on Eid-Milad-un-Nabi: DG Pepco

There would be no load shedding on Eid Mailad-un-Nabi to facilitate the consumers to mark the occasion in a befitting manner, said Director General (DG) Pakistan Electronic Power Company (Pepco), Muhammad Khalid. But illegal supply of electricity to illum
Published 16 Feb, 2011 12:00am
Police recover 'kidnapped' girls: girls say contracted court marriage

Police recover 'kidnapped' girls: girls say contracted court marriage

Shalimar Police recovered two girls who were allegedly kidnapped from G-10 sector of Islamabad on February 4. However, when they were produced before a magistrate, they presented 'Nikah namas' stating that they have contracted court marriage on their free
Published 16 Feb, 2011 12:00am
Heavy snowfall in Gilgit-Baltistan disrupts life

Heavy snowfall in Gilgit-Baltistan disrupts life

Gilgit-Baltistan received heavy snowfall on Monday that covered the town in white blanket, which is turning out to be a miserable situation for the people living in these areas. According to a private TV channel, 20 hours of power cut, coupled with shorta
Published 16 Feb, 2011 12:00am
Naek, Jamali condole Yusuf Haroon's death

Naek, Jamali condole Yusuf Haroon's death

Senate Chairman Farooq H. Naek and Deputy Chairman Mir Jan Muhammad Khan Jamali have expressed their heartfelt grief over the death of Yusuf Haroon, a close confidant of Quaid-e-Azam Muhammad Ali Jinnah. They eulogized the services rendered by late Yusuf
Published 16 Feb, 2011 12:00am
International Agriculture Centre to be set up at UAF

International Agriculture Centre to be set up at UAF

An International Agriculture Centre will be set up at University of Agriculture Faisalabad (UAF) to provide a firm foundation to the sector by focusing on genetic revolution, climate change, biotechnology, precision agriculture, efficient use of agricultu
Published 16 Feb, 2011 12:00am
Drinking water schemes in Mohmand Agency completed

Drinking water schemes in Mohmand Agency completed

To provide clean drinking water to local communities, government has completed two clean drinking water supply schemes in Qallangai and Bakhshi Kor villages of Tehsil Khawezai in Mohmand Agency. Fata Secretariat stated in a press release that in the Qalla
Published 16 Feb, 2011 12:00am
OUP holds talk based on a book

OUP holds talk based on a book

Oxford University Press (OUP) and Gilani Research Foundation organised a talk based on the book 'The Voice of the People: Public Opinion in Pakistan 2007-2009' edited by Ijaz Shafi Gilani and published by OUP. Dr Gilani founded Gallup Pakistan, the Pakist
Published 16 Feb, 2011 12:00am
Asma accuses police of favouring rapists

Asma accuses police of favouring rapists

President Supreme Court Bar Association Asma Jahangir and family of an alleged raped and burnt girl (17) accused Kahna police of favouring the accused by releasing them after taking money from them. Asma Jahangir condemning the incident said that tendency
Published 16 Feb, 2011 12:00am
Sialkot tragedy: bail to former police officer granted

Sialkot tragedy: bail to former police officer granted

A division bench of Lahore High Court here Tuesday granted bail to former Station House Officer, Sadar Sialkot Rana Ilyas involved in the incident of lynching of two brothers. Petitioner through his counsel submitted that he was not nominated in the case
Published 16 Feb, 2011 12:00am
One-day farmer training programme held

One-day farmer training programme held

One-day farmer training programme was organised at Pak-German Polytechnic Institute for Agriculture Technology, Chak 5 Faiz, Multan. The main objective of this programme was to transfer modern agriculture technology being adopted at the Institute to farme
Published 16 Feb, 2011 12:00am
Government to patronise literati: Zardari

Government to patronise literati: Zardari

President, Asif Ali Zardari said on Tuesday that the government would continue to extend patronage to poets, authors and intellectuals in the country. He was talking to author Dr Dawood Ahmed, who called on the president at Aiwan-e-Sadr. Zardari appreciat
Published 16 Feb, 2011 12:00am
Two alleged bandits killed, one held

Two alleged bandits killed, one held

Sindh police on Tuesday claimed to have killed two notorious bandits and one other arrested in an encounter at Saachal area. This was informed by DIG South Iqbal Mehmood in a press conference held at Darakshan police station here on Tuesday. He said the j
Published 16 Feb, 2011 12:00am
Visa announces improvements in security capabilities

Visa announces improvements in security capabilities

Visa Inc (NYSE:V) has announced significant improvements to its security capabilities which will dramatically improve its ability to detect and prevent global electronic payments fraud. Upgrades to Visa's global processing platform - VisaNet - have allowe
Published 16 Feb, 2011 12:00am
CBC has taken proper sanitary measures: CEO

CBC has taken proper sanitary measures: CEO

Cantonment Board Clifton (CBC) has taken proper steps for proper sanitation in the areas falling under its jurisdiction to pay homage to the upcoming Eid-e-Milad-un-Nabi (SAW). This was stated by CEO CBC, Muhammad Hayat Mahar, said a press release issued
Published 16 Feb, 2011 12:00am
Electricity tower blown up in Nasirabad

Electricity tower blown up in Nasirabad

One more 220-KV electricity tower was blown up and 15 kilogram explosive material, attached with another tower in Ghaffar Goht area of Nasirabad district, was defused. According to Levies source, unknown men attached explosive materials with two 220-KV el
Published 16 Feb, 2011 12:00am
Unilever registers 17 percent growth

Unilever registers 17 percent growth

Despite challenging environment, Unilever Pakistan Limited has registered a robust growth of 17 percent in its sales to Rs 44.671 billion in the year 2010 as compared to Rs 38.188 billion in 2009. "On top of factors like floods, low GDP growth, double dig
Published 16 Feb, 2011 12:00am
National Poultry and Feed exposition from September 16

National Poultry and Feed exposition from September 16

Pakistan Poultry Association (PPA) is holding its annual "National Poultry & Food Expo-2011" on September 16 & 17, 2011 at Expo Centre, which include an exhibition, conference and variety of other programmes to create awareness amongst the masses about im
Published 16 Feb, 2011 12:00am
Ghalib's 142nd death anniversary observed

Ghalib's 142nd death anniversary observed

The 142nd death anniversary of Urdu's great poet Mirza Asadullah Baig Khan, who is renowned with a pen name Ghalib, was observed on Tuesday. According to a private news channel, Mirza Asadullah was born on 27 December 1796 in the city of Akbarabad (presen
Published 16 Feb, 2011 12:00am
Profit after tax of Al-Ghazi Tractors increases

Profit after tax of Al-Ghazi Tractors increases

The net profit after taxation of Al-Ghazi Tractors Limited has increased to Rs 1.908 billion in the year ended December 31, 2010 as compared to Rs 1.743 billion earned in the corresponding period in 2009. The company's earning per share increased to Rs 44
Published 16 Feb, 2011 12:00am
Profit after tax of Al-Ghazi Tractors increases

Profit after tax of Al-Ghazi Tractors increases

The net profit after taxation of Al-Ghazi Tractors Limited has increased to Rs 1.908 billion in the year ended December 31, 2010 as compared to Rs 1.743 billion earned in the corresponding period in 2009. The company's earning per share increased to Rs 44
Published 16 Feb, 2011 12:00am
Eid Milad-un-Nabi: traffic routes for processions

Eid Milad-un-Nabi: traffic routes for processions

The Traffic Police has issued list of routes for 12th Rabi-ul-Awal processions in the city to facilitate the celebrators of Eid Milad-un-Nabi. According to a statement issued by DIG Traffic Police, a large number of big and small processions will be taken
Published 16 Feb, 2011 12:00am
CPNE condoles death of Yusuf Haroon

CPNE condoles death of Yusuf Haroon

President Council of Pakistan Newspaper Editors (CPNE) Jameel Ather Kazi, Senior Vice President Kazi Asad Abid, Secretary General Ilyas Shakir, Joint Secretary Javed Meher Shamsi and Finance Secretary Mushtaq Ahmed Qureshi have expressed their profound gr
Published 16 Feb, 2011 12:00am
Zardari urges agriculture scientists to gear up research efforts

Zardari urges agriculture scientists to gear up research efforts

President Asif Ali Zardari has called upon agricultural scientists to gear up their research efforts to produce high yielding, disease resistant and water conserving seeds of country's major crops, keeping in view the soaring population, reduced water ava
Published 16 Feb, 2011 12:00am
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