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Archive - 2011-02-24
BSE fall 2.73pc
Financial

BSE fall 2.73pc

MUMBAI: Indian men watch share prices on a digital broadcast board outside the Bombay Stock Exchange (BSE) building in M
Published 24 Feb, 2011 05:14pm
ISI ready to split with CIA
Top News

ISI ready to split with CIA

ISLAMABAD: ISI is ready to split with the CIA because of frustration over what it calls heavy-handed pressure and its an
Published 24 Feb, 2011 05:09pm
US drone kills three in Miranshah
Top News

US drone kills three in Miranshah

MIRANSHAH: A US drone strike in Miranshah on Thursday killed at least three militants, security officials said, the firs
Published 24 Feb, 2011 04:15pm
Textile exports can touch $ 15bn mark
Top News

Textile exports can touch $ 15bn mark

KARACHI: Pakistan's textile exports can rise to at least $ 15 billion in next two years from the present figure of $ 9 b
Published 24 Feb, 2011 03:46pm
FBR extends tax payment date till Feb 28
Top News

FBR extends tax payment date till Feb 28

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for payment of taxes for the month of January to Feb
Published 24 Feb, 2011 01:32pm
KSE end up; rupee firms
Markets

KSE end up; rupee firms

KARACHI: Karachi Stock Exchange (KSE) ended up on Thursday as investors accumulated energy stocks following a rise in in
Published 24 Feb, 2011 12:37pm
PTCL reports lower profit
Industry

PTCL reports lower profit

KARACHI: Pakistan Telecommunication Company Ltd (PTCL) has posted a lower profit after tax of Rs 4.022 billion for the h
Published 24 Feb, 2011 11:51am
OGDCL Q2 profit at Rs14.89bn
Industry

OGDCL Q2 profit at Rs14.89bn

KARACHI: Oil and Gas Development Co Ltd (OGDCL) on Thursday reported a net profit of 14.89 billion rupees ($174 million)
Published 24 Feb, 2011 10:28am
Turkey opposed to sanctions on Libya
Top News

Turkey opposed to sanctions on Libya

ANKARA: Turkey is opposed to sanctions against Libya over its bloody crackdown on anti-regime protests as they are likel
Published 24 Feb, 2011 10:14am
German deficit at 3.3 percent in 2010
Top News

German deficit at 3.3 percent in 2010

FRANKFURT: Germany's public deficit reached 3.3 percent of output in 2010, the national statistics office said Thursday
Published 24 Feb, 2011 09:55am
Oil trips over Tripoli
BR Research

Oil trips over Tripoli

Unrest in the Middle East has finally sparked unrest in the global markets - commodtities and stocks both. The world waited and waited for t
Published 24 Feb, 2011 12:00am
Value-added in a fix
BR Research

Value-added in a fix

Pakistans exports topped $13 billion in the first seven months of the current fiscal year. The more than 20 percent growth was, as expected,
Published 24 Feb, 2011 12:00am
A letter of discomfort
BR Research

A letter of discomfort

Ever since globalisation became the buzzword in the 90s, globalists enjoyed monopoly over popular consensus. The arrival of economic turmoil
Published 24 Feb, 2011 12:00am
Uch-11 Development Project: FWO serves legal notice on OGDC

Uch-11 Development Project: FWO serves legal notice on OGDC

The Frontier Works Organisation (FWO) on Wednesday served legal notice on the Oil and Gas Development Company Limited (OGDC) a day before a scheduled meeting of OGDC Board of Directors (BoD) to consider approval of ''amended bid bond'' submitted by Petros
Published 24 Feb, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Feb, 2011 12:00am
Meeting with IMF: delay in fixing dates due to GoP

Meeting with IMF: delay in fixing dates due to GoP

The delay in firming up dates for the fifth review, which may lead to the release of the second/last tranche under the International Monetary Fund (IMF) Stand By Arrangement, rests with the government of Pakistan and not with the IMF, sources in the Minis
Published 24 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 24 Feb, 2011 12:00am
Meeting with IMF: delay in fixing dates due to GoP

Meeting with IMF: delay in fixing dates due to GoP

The delay in firming up dates for the fifth review, which may lead to the release of the second/last tranche under the International Monetary Fund (IMF) Stand By Arrangement, rests with the government of Pakistan and not with the IMF, sources in the Minis
Published 24 Feb, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Feb, 2011 12:00am
Meeting with IMF: delay in fixing dates due to GoP

Meeting with IMF: delay in fixing dates due to GoP

The delay in firming up dates for the fifth review, which may lead to the release of the second/last tranche under the International Monetary Fund (IMF) Stand By Arrangement, rests with the government of Pakistan and not with the IMF, sources in the Minis
Published 24 Feb, 2011 12:00am
Rating no bar: banks can buy up to $250,000 bills from exporters

Rating no bar: banks can buy up to $250,000 bills from exporters

The State Bank of Pakistan on Wednesday allowed all banks/DFIs to purchase/discount bills upto $250,000 from exporters without rating restrictions. Earlier, only "A" rating banks/DFIs were allowed purchasing/discounting of bills, however on the banks' req
Published 24 Feb, 2011 12:00am
Rating no bar: banks can buy up to $250,000 bills from exporters

Rating no bar: banks can buy up to $250,000 bills from exporters

The State Bank of Pakistan on Wednesday allowed all banks/DFIs to purchase/discount bills upto $250,000 from exporters without rating restrictions. Earlier, only "A" rating banks/DFIs were allowed purchasing/discounting of bills, however on the banks' req
Published 24 Feb, 2011 12:00am
Rating no bar: banks can buy up to $250,000 bills from exporters

Rating no bar: banks can buy up to $250,000 bills from exporters

The State Bank of Pakistan on Wednesday allowed all banks/DFIs to purchase/discount bills upto $250,000 from exporters without rating restrictions. Earlier, only "A" rating banks/DFIs were allowed purchasing/discounting of bills, however on the banks'' re
Published 24 Feb, 2011 12:00am
Rating no bar: banks can buy up to $250,000 bills from exporters

Rating no bar: banks can buy up to $250,000 bills from exporters

The State Bank of Pakistan on Wednesday allowed all banks/DFIs to purchase/discount bills upto $250,000 from exporters without rating restrictions. Earlier, only "A" rating banks/DFIs were allowed purchasing/discounting of bills, however on the banks''''
Published 24 Feb, 2011 12:00am
Rise in inflation caused huge pressure on population: World Bank

Rise in inflation caused huge pressure on population: World Bank

The World Bank has claimed that the surge in inflation has caused huge inflationary pressure on Pakistan's population, reducing their purchasing power by more than 20 percent, besides giving a new height to poverty in the recent past. Its report on Pakist
Published 24 Feb, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (February 23, 2011).

Published 24 Feb, 2011 12:00am
Rise in inflation caused huge pressure on population: World Bank

Rise in inflation caused huge pressure on population: World Bank

The World Bank has claimed that the surge in inflation has caused huge inflationary pressure on Pakistan's population, reducing their purchasing power by more than 20 percent, besides giving a new height to poverty in the recent past. Its report on Pakist
Published 24 Feb, 2011 12:00am
Rise in inflation caused huge pressure on population: World Bank

Rise in inflation caused huge pressure on population: World Bank

The World Bank has claimed that the surge in inflation has caused huge inflationary pressure on Pakistan''s population, reducing their purchasing power by more than 20 percent, besides giving a new height to poverty in the recent past. Its report on Pakis
Published 24 Feb, 2011 12:00am
Deoband's Vastanvi to stay

Deoband's Vastanvi to stay

One of the world's most revered schools of Islamic learning decided on Wednesday that its new, reformist leader would stay in office while an investigative panel examines charges against him, a spokesman said. The board of the Darul Uloom seminary in the
Published 24 Feb, 2011 12:00am
Deoband's Vastanvi to stay

Deoband's Vastanvi to stay

One of the world's most revered schools of Islamic learning decided on Wednesday that its new, reformist leader would stay in office while an investigative panel examines charges against him, a spokesman said. The board of the Darul Uloom seminary in the
Published 24 Feb, 2011 12:00am
US charges Credit Suisse bankers aided tax cheats

US charges Credit Suisse bankers aided tax cheats

A US grand jury charged bankers at a Swiss bank, identified by a source as Credit Suisse, with aiding and abetting Americans in evading taxes. The indictment charges four bankers at a large Swiss international bank.
Published 24 Feb, 2011 12:00am
US charges Credit Suisse bankers aided tax cheats

US charges Credit Suisse bankers aided tax cheats

A US grand jury charged bankers at a Swiss bank, identified by a source as Credit Suisse, with aiding and abetting Americans in evading taxes. The indictment charges four bankers at a large Swiss international bank.
Published 24 Feb, 2011 12:00am
US charges Credit Suisse bankers aided tax cheats

US charges Credit Suisse bankers aided tax cheats

A US grand jury charged bankers at a Swiss bank, identified by a source as Credit Suisse, with aiding and abetting Americans in evading taxes. The indictment charges four bankers at a large Swiss international bank.
Published 24 Feb, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Divergent trend was seen on the currency market on Wednesday as the rupee performed on the both sides in process of trading, dealers said. The rupee gained 12 paisa in relation to dollar for buying at 85.40 and appreciated by 11 paisa for selling at 85.44
Published 24 Feb, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Divergent trend was seen on the currency market on Wednesday as the rupee performed on the both sides in process of trading, dealers said. The rupee gained 12 paisa in relation to dollar for buying at 85.40 and appreciated by 11 paisa for selling at 85.44
Published 24 Feb, 2011 12:00am
SBP raises SLR for Islamic banks by five percent

SBP raises SLR for Islamic banks by five percent

In order to further streamline Islamic Banking industry, the State Bank of Pakistan (SBP) on Wednesday announced to raise the Statutory Liquidity Requirement (SLR) for Islamic Banks by 5 percent to 14 percent. Now all Islamic Banks and Islamic Banking Bra
Published 24 Feb, 2011 12:00am
First female teacher of Hunza Gilgit Baltistan passes away

First female teacher of Hunza Gilgit Baltistan passes away

Sultana, the first female teacher of Hunza Gilgit Baltistan (GB) passed away after protracted illness here at a local hospital. She was 75. The deceased left behind three sons and three daughters. Her Nimaz-e-Jinaza was offered here at sector G-9/1 and th
Published 24 Feb, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 23, 2011).

Published 24 Feb, 2011 12:00am
Zardari calls on Japanese Emperor

Zardari calls on Japanese Emperor

President Asif Ali Zardari on Wednesday called on the Emperor of Japan, Akihito at his palace and discussed bilateral relations and Pakistan's fight against terrorism and militancy. The Emperor recalled his visit to Pakistan in early 60s as Crown Prince a
Published 24 Feb, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 23, 2011).

Published 24 Feb, 2011 12:00am
Woman among six killed in Chaman road accident

Woman among six killed in Chaman road accident

One woman among six people were killed and several others injured in a road accident near Saranan area on Quetta-Chaman Highway, on Wednesday. "A trailer carrying supplies for Nato forces in Afghanistan hit a passenger wagon while overtaking it near Saran
Published 24 Feb, 2011 12:00am
Zardari invites Japan's auto parts giant for investment

Zardari invites Japan's auto parts giant for investment

President Asif Ali Zardari on Wednesday invited Toyota Tshusho, a leading Japanese auto parts giant, to invest in Pakistan, as automobile sector in Pakistan is flourishing with the passage of time. He said Pakistan was providing attractive investment oppo
Published 24 Feb, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 23, 2011).

Published 24 Feb, 2011 12:00am
Construction of AJK university campus: Saudi Fund gives Erra go-ahead

Construction of AJK university campus: Saudi Fund gives Erra go-ahead

The Saudi Fund for Development Wednesday gave Erra a go-ahead to finalise and sign the contract with SAMBO Company for the reconstruction of AJK University campus. Under the project Rs 5.6 billion will be provide for reconstruction of the campus at Chatta
Published 24 Feb, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (February 23, 2011) and for Thursday (February 24, 2011).
Published 24 Feb, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 23, 2011).

Published 24 Feb, 2011 12:00am
Zardari to visit Kuwait from February 25

Zardari to visit Kuwait from February 25

President Asif Ali Zardari will pay a two-day official visit to Kuwait starting from Friday to hold talks with its leadership to further strengthen ties besides attending 50th independence day celebrations. A Foreign Office official told APP that Presiden
Published 24 Feb, 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 (February 23, 2011).

Published 24 Feb, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 24 Feb, 2011 12:00am
Chaudhrys condole with Khosa

Chaudhrys condole with Khosa

Pakistan Muslim League-Q President, Senator Chaudhry Shujaat Hussain and senior leader Chaudhry Pervaiz Elahi called on Governor Punjab Sardar Latif Khosa and condoled with him over the sad demise of Khosa's daughter-in-law, Hina Khurram Khosa, at Governo
Published 24 Feb, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 24 Feb, 2011 12:00am
Reshuffling in FBR: Senate body hails step

Reshuffling in FBR: Senate body hails step

Senate Standing Committee on Finance here on Tuesday highly appreciated the recent reshuffling in the Federal Board of Revenue (FBR), reflecting seriousness of the tax machinery to increase the number of income/sales tax return filers for broadening the t
Published 24 Feb, 2011 12:00am
SOEs sell-off: PCP on active list

SOEs sell-off: PCP on active list

The Privatisation Commission of Pakistan has put the Printing Corporation of Pakistan on the active privatisation list of state owned enterprises available at the website of the Commission, although the matter is now under consideration of Cabinet Committ
Published 24 Feb, 2011 12:00am
Technology development: Jamali urges scientists to play active role

Technology development: Jamali urges scientists to play active role

Federal Minister for Science and Technology, Mir Changez Khan Jamali has said that the time has come to change the behaviour and attitude to work with dedication and national spirit to yield best results for the betterment of the country.
Published 24 Feb, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 23, 2011).

Published 24 Feb, 2011 12:00am
Japan donates $59 million to UNHCR for flood victims

Japan donates $59 million to UNHCR for flood victims

The Government of Japan has donated over 59 million dollars in support of United Nations High Commissioner for Refugees (UNHCR)'s efforts to assist flood affected Pakistani communities and Afghan refugees throughout Pakistan. This contribution of US $59,0
Published 24 Feb, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (February 23, 2011) and the forecast for Thursday (February 24, 2011).

Published 24 Feb, 2011 12:00am
Seminar on 'Right to Education' held

Seminar on 'Right to Education' held

Vice-Chancellor Punjab University, Professor Dr Mujahid Kamran has said all issues related to education will be resolved on top priority basis and promotion of education will be taken as a matter of life and death. He was addressing a seminar on "Right to
Published 24 Feb, 2011 12:00am
UK wants Pakistan more stable economically: Warsi

UK wants Pakistan more stable economically: Warsi

Chairperson of the Conservative Party, UK, and Cabinet Minister Baroness Sayeeda Warsi has said that old trade and economic relations existed between Britain and Pakistan, and Britain wanted Pakistan more stable economically. She was talking to media on t
Published 24 Feb, 2011 12:00am
Import of LNG: PBIT holds meeting to overcome gas shortage

Import of LNG: PBIT holds meeting to overcome gas shortage

With a view to overcome the growing gas shortages, Punjab Board of Investment and Trade (PBIT) has been making full efforts to import Liquefied Natural Gas (LNG) for large industrial consumers. A meeting was held under the chairmanship of Chief Executive
Published 24 Feb, 2011 12:00am
SDPI workshop from March 15

SDPI workshop from March 15

Sustainable Development Policy Institute (SDPI) has announced a three-day training workshop on "Policy Advocacy Communication Skills" from March 15 to 17. The aim of the workshop is to help participants to achieve a higher level of understanding and compe
Published 24 Feb, 2011 12:00am
LCCI to organise 'Lahore shopping festival'

LCCI to organise 'Lahore shopping festival'

The Lahore Chamber of Commerce and Industry (LCCI) has planned to organise "Lahore shopping festival" commencing from April 4, 2011 to April 10, 2011 to expedite trade and business activities in the country.
Published 24 Feb, 2011 12:00am
Wrong power tariff: investigation against Nepra officials demanded

Wrong power tariff: investigation against Nepra officials demanded

The Pakistan Industrial and Traders Association Front (PIAF) has urged the Prime Minister Syed Yousuf Raza Gilani to launch an independent investigation against the officials of Nepra responsible for fooling the people by making wrong power tariff that ca
Published 24 Feb, 2011 12:00am
ASI among four cops killed in road accident

ASI among four cops killed in road accident

Four policemen including ASI of Saddar police station Burewala were killed in a road accident on Wednesday. Police sources told newsmen that ASI Mohammad Arshad, head constable Mohammad Iqbal, constable Mohammad Ikram and police van driver Mohammad Arif w
Published 24 Feb, 2011 12:00am
Journalists' entry into courts: LHC reserves verdict

Journalists' entry into courts: LHC reserves verdict

The Lahore High Court (LHC) here Wednesday reserved its verdict in a petition challenging ban on journalists' entry into special courts and tribunals. Earlier, the court has formed a committee to resolve issue. Representatives of Pakistan Federal Union of
Published 24 Feb, 2011 12:00am
32 suspects held

32 suspects held

The City Police carried out combing of the areas falling in the jurisdiction of R. A. Bazaar Police Station on Wednesday and arrested 32 suspects for interrogation. According to a police spokesman, the operation was supervised by the Senior Superintendent
Published 24 Feb, 2011 12:00am
Duration of loadshedding increased in southern Punjab

Duration of loadshedding increased in southern Punjab

Duration of loadshedding has been increased in different cities of southern Punjab. The duration of loadshedding in dozens of feeder of the city has been increased from 8 to 10 hours daily. The whole load of load shedding has been put on domestic and comm
Published 24 Feb, 2011 12:00am
Unification bloc members issued show-cause notices

Unification bloc members issued show-cause notices

Leader of the Opposition in the Punjab Assembly Chaudhry Zaheeruddin has on Wednesday issued show cause notices to those 15 members of the Pakistan Muslim League (PML) who were elected on PML ticket in 2008 polls with "bicycle" as their election symbol bu
Published 24 Feb, 2011 12:00am
Widespread light rain in upper regions with snowfall over hills

Widespread light rain in upper regions with snowfall over hills

Isolated light rain with light snowfall over the hills occurred in Rawalpindi, Faisalabad, Multan, D.G. Khan, Hazara Divisions, Gilgit - Baltistan and Kashmir. Meteorological department said here on Wednesday that yesterday's westerly wave over upper part
Published 24 Feb, 2011 12:00am
Punjab government plans to double cotton output by 2015: Khosa

Punjab government plans to double cotton output by 2015: Khosa

Senior Advisor to the Chief Minister Punjab, Sardar Zulfikar Ali Khan Khosa said here Wednesday that Punjab government plans to double its cotton production from 8 million bales to 16 million bales by 2015. Speaking at the inaugural session of 5th meeting
Published 24 Feb, 2011 12:00am
'Shahbaz making efforts to bring educational revolution'

'Shahbaz making efforts to bring educational revolution'

Provincial Education Minister, Mujtaba Shuja-ur-Rehman has said Chief Minister of Punjab Shahbaz Sharif is making full efforts to bring educational revolution in the province. The minister hoped that hundred percent literacy rate would be achieved in Punj
Published 24 Feb, 2011 12:00am
Nawaz seeks promotion of economic ties with UK, China

Nawaz seeks promotion of economic ties with UK, China

Pakistan Muslim League-Nawaz (PML-N) Quaid Nawaz Sharif in a meeting with Chairperson of the Conservative Party of the UK and Cabinet Minister Baroness Sayeeda Warsi has called for promoting bilateral economic relations and people-to-people contacts betwe
Published 24 Feb, 2011 12:00am
PRL shares valuation: PSO appoints financial advisor

PRL shares valuation: PSO appoints financial advisor

Pakistan State Oil (PSO) has appointed a financial advisor to determine a range of possible values for the shares of Pakistan Refinery Limited (PRL) in a bid to negotiate a price to Shell International Petroleum Company Limited (SIPCL) to acquire its 30 p
Published 24 Feb, 2011 12:00am
Profit after tax of NJI Life increases

Profit after tax of NJI Life increases

The profit after tax of New Jubilee Life Insurance Company has increased to Rs 146.752 million in the year ended December 31, 2010 as compared to Rs 129.943 million earned in the corresponding period in 2009. The company's earning per share increased to R
Published 24 Feb, 2011 12:00am
Profit after tax of NJI Life increases

Profit after tax of NJI Life increases

The profit after tax of New Jubilee Life Insurance Company has increased to Rs 146.752 million in the year ended December 31, 2010 as compared to Rs 129.943 million earned in the corresponding period in 2009. The company's earning per share increased to R
Published 24 Feb, 2011 12:00am
ARL names Shoaib as new chairman

ARL names Shoaib as new chairman

The board of directors of Attock Refinery Ltd has appointed Shoaib Anwar Malik as new chairman of the board with effect from February 18, 2011. According to financial results of the company dispatched to Karachi Stock Exchange here Wednesday, he will repl
Published 24 Feb, 2011 12:00am
National Assembly condemns firing on minority lawmaker

National Assembly condemns firing on minority lawmaker

The incident of firing on a minority's lawmaker was strongly condemned in the National Assembly, as a committee of the House will probe into the matter. Various members belonging to both treasury and opposition benches while speaking on points of order st
Published 24 Feb, 2011 12:00am
Lieutenant General Javed, Dr Samar meet chief minister Balochistan

Lieutenant General Javed, Dr Samar meet chief minister Balochistan

Commander Southern Command Lieutenant General Javed Zia and noted Scientist and Member Planning Commission on Science and Technology Dr Samar Mubarak called on Chief Minister Balochistan Nawab Muhammad Aslam Khan Raisani at Chief Minister Secretariat here
Published 24 Feb, 2011 12:00am
Two bodies found in Ormara

Two bodies found in Ormara

Dead bodies of two political workers were found in Ormara a tiny tow along Balochistan coast Wednesday. These were identified as Abdul Rehman Arif (BRP) and Mahbub Wadela (BMN). According to details, people spotted two dead bodies in Hudd Union council of
Published 24 Feb, 2011 12:00am
International moot held on 'Floods 2010'

International moot held on 'Floods 2010'

Flood 2010 was an unconventional problem, which needed an unconventional solution. The lessons learnt by the unprecedented calamity bring us to the conclusion that floods do not need to be grudged rather they need to be met with better preparedness.
Published 24 Feb, 2011 12:00am
Government does not believe in political confrontation: Prime Minister

Government does not believe in political confrontation: Prime Minister

Prime Minister Syed Yusuf Raza Gilani here on Wednesday said leadership across the spectrum should work for political stability, vital for ensuring that economic benefits reach the common man. Addressing parliamentary party meeting of Pakistan People's Pa
Published 24 Feb, 2011 12:00am
Al Meezan announces first interim cash dividend for AMMF

Al Meezan announces first interim cash dividend for AMMF

The Board of Directors of Al Meezan Mutual Fund Limited (AMMF) in its meeting held on Thursday February 17,20ll, declared an interim Cash dividend @ 5% per share (ie, Rs 0.50 per share) for the quarter ended December 31, 2010. The book closure will be hel
Published 24 Feb, 2011 12:00am
Al Meezan announces first interim cash dividend for AMMF

Al Meezan announces first interim cash dividend for AMMF

The Board of Directors of Al Meezan Mutual Fund Limited (AMMF) in its meeting held on Thursday February 17,20ll, declared an interim Cash dividend @ 5% per share (ie, Rs 0.50 per share) for the quarter ended December 31, 2010. The book closure will be hel
Published 24 Feb, 2011 12:00am
Appointment

Appointment

Syed Mahmood Hashmi, CEO, Orient Advertising has been appointed as National Commissioner Publications and Public Relations for Pakistan Scouts Association. This was announced through an official notification released by National Secretary, PSA. This is an
Published 24 Feb, 2011 12:00am
GTR to launch passenger car tyre

GTR to launch passenger car tyre

Pakistan's largest tyre manufacturing company, General Tyre Pakistan, (GTR) will launch yet another world class passenger car tyre "Euro Klass" designed by the largest tyre manufacturing company of Germany Continental AG, here in Karachi on Friday, Februa
Published 24 Feb, 2011 12:00am
Warid launches BlackBerry Torch 9800 smartphone

Warid launches BlackBerry Torch 9800 smartphone

Warid telecom introduced another BlackBerry smartphone Torch 9800 for its valuable customers. This is the 8th Blackberry smartphone introduced by the company. The Torch features all-powerful BlackBerry 6 operating system, a 5 MP camera, along with the usu
Published 24 Feb, 2011 12:00am
Three including PML-N activist killed in separate incidents

Three including PML-N activist killed in separate incidents

At least three persons were killed, including an activist of PML-N and five other injured in separate incidents, here on Wednesday. According the police, an activist of the PML-N was gunned down on late Tuesday in Gulshan-e-Iqbal police station precincts.
Published 24 Feb, 2011 12:00am
'Industrialists should install vigilance cameras outside units'

'Industrialists should install vigilance cameras outside units'

Deputy Inspector General (DIG) Police West, Sultan Ali Khawaja has said that controlling criminal activities in the city is not possible for police alone and sought the co-operation of the society for controlling improving law and order.
Published 24 Feb, 2011 12:00am
P&G provides 3 billion litres of clean drinking water

P&G provides 3 billion litres of clean drinking water

The Procter & Gamble Children's Safe Drinking Water (CSDW) Programme has provided three billion litres of clear drinking water in the developing world through the distribution of 300 million PUR packets. With the help of global health organisations, World
Published 24 Feb, 2011 12:00am
Bilingual declamation contest held at DHA College

Bilingual declamation contest held at DHA College

All Karachi Inter School Bilingual Declamation Contest 2011 was held at Defence Authority College For Women Phase-VII here on Tuesday. Two students each from 10 leading schools of the metropolis participated in the declamation. They enthusiastically spoke
Published 24 Feb, 2011 12:00am
18-inch gas pipeline blown up in Jaffarabad

18-inch gas pipeline blown up in Jaffarabad

Some assailants blew up 18-inch gas pipeline supplying gas to Och power plant in Suhbat Pur area of Jaffarabad district, police said on Wednesday. According to police sources, some unidentified men had planted explosive material with the pipeline, which w
Published 24 Feb, 2011 12:00am
TSMLE-Solar inks accord with SolarWorld

TSMLE-Solar inks accord with SolarWorld

Tuwairqi Steel Mills Limited Engineering (TSMLE) Solar, has signed a Memorandum of Understanding (MoU) with SolarWorld, here on Wednesday. TSMLE-Solar is a division of TSML working in the field of Solar Energy System, whereas SolarWorld is an European pho
Published 24 Feb, 2011 12:00am
Marble industry: RCCI body for uninterrupted power supply

Marble industry: RCCI body for uninterrupted power supply

The Chairman Rawalpindi Chamber of Commerce and Industry's (RCCI) standing Committee for Marble Shoaib Hamid has demanded of the government that uninterrupted power supply must be provided to the marble industry and import duty of the machinery used in th
Published 24 Feb, 2011 12:00am
Over Rs 268 billion bids for MTBs

Over Rs 268 billion bids for MTBs

Heavy participation has witnessed in auction of government of Pakistan Market Treasury Bills (MTBs) held on Wednesday. In response of tender totalled SBP received amounted Rs 268.683 billion bids with realise value of Rs 256.483 billion bids for the sale
Published 24 Feb, 2011 12:00am
Over Rs 268 billion bids for MTBs

Over Rs 268 billion bids for MTBs

Heavy participation has witnessed in auction of government of Pakistan Market Treasury Bills (MTBs) held on Wednesday. In response of tender totalled SBP received amounted Rs 268.683 billion bids with realise value of Rs 256.483 billion bids for the sale
Published 24 Feb, 2011 12:00am
MEGATECH-2011 comes to Lahore

MEGATECH-2011 comes to Lahore

After the success of 8 consecutive exhibitions, the 9th Edition of the International Machinery Exhibition of Garment and Textile Technology - MEGATECH Pakistan 2011, is all set to kick off the textile exhibition season of 2011. The exhibition will showcas
Published 24 Feb, 2011 12:00am
India, Pakistan dialogue: Home secretaries to meet on March 28

India, Pakistan dialogue: Home secretaries to meet on March 28

Marking the first step in the resumption of stalled dialogue process, Home Secretaries of India and Pakistan will hold talks in New Delhi on March 28-29 on a range of issues covering counter terrorism and progress in Mumbai 26/11 trial, Press Trust of Ind
Published 24 Feb, 2011 12:00am
Hinopak launches new Dutro Junior, Gb Bus

Hinopak launches new Dutro Junior, Gb Bus

To cater the needs of transport industry, Hinopak motors limited on Wednesday launched new Hino Dutro Junior and Hino Gb Bus. Addressing the launching ceremony, Takishi Ito DMD Hinopak motors said that newly introduced Light Duty Vehicles (LDV) truck and
Published 24 Feb, 2011 12:00am
Lowest score in test still gets job in PSO

Lowest score in test still gets job in PSO

Asim Ali Qureshi, the son of Director General (DG) Oil, Ministry of Petroleum, has been appointed in Pakistan State Oil (PSO) in violation of the policy of meritocracy, well informed sources told Business Recorder.
Published 24 Feb, 2011 12:00am
'FBR to resolve problems through consultation'

'FBR to resolve problems through consultation'

Member Customs, Federal Board of Revenue (FBR), Mumtaz Haider Rizvi has assured Pak-Afghan Traders Group that their problems would be resolved at the level of collectorate and those relating to FBR will be sorted out through mutual consultations.
Published 24 Feb, 2011 12:00am
10 militants killed in Kurram Agency

10 militants killed in Kurram Agency

At least 10 militants were killed and several others were wounded on Wednesday as security forces targeted militant's hideouts in parts of the Kurram Agency, official said. The security forces backed by gunship helicopters launched operation in two areas
Published 24 Feb, 2011 12:00am
OPF facing Rs one billion loss on abandoning schemes

OPF facing Rs one billion loss on abandoning schemes

Auditor General Office (AGO) observed that Overseas Pakistan Foundation (OPF) has been facing Rs 1 billion loss due to abandoning its housing schemes and abnormal concessions to Foundation's employees.
Published 24 Feb, 2011 12:00am
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