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Archive - 2011-05-05
European stocks falter
Financial

European stocks falter

LONDON: Most European stock markets faltered on Thursday following a clutch of disappointing bank earnings as well as po
Published 05 May, 2011 10:51pm
Asia driving world economic growth: UN
Top News

Asia driving world economic growth: UN

UNITED NATIONS: The countries of the Asia and Pacific region are expanding at a blistering 7.3 percent annual rate, and
Published 05 May, 2011 07:08pm
Country's liquid reserves at $17,107mn
Top News

Country's liquid reserves at $17,107mn

KARACHI: The total liquid foreign reserves held by the country stood at $ 17,107.0 million on April 30, SBP sources said
Published 05 May, 2011 06:44pm
European stocks end mixed
Financial

European stocks end mixed

LONDON : Europe's main stock markets ended mixed on Thursday, with London's FTSE 100 index of leading shares falling 1.
Published 05 May, 2011 04:40pm
ISI not 'in cahoots' with Al-Qaeda: FO
Top News

ISI not 'in cahoots' with Al-Qaeda: FO

ISLAMABAD: Rebutting the US Thursday, Pakistan said that its accusations against the Inter-Services Intelligence (ISI) a
Published 05 May, 2011 10:32am
European stock deviate
Financial

European stock deviate

LONDON: European stock markets diverge at the start of trading on Thursday, with London's FTSE 100 index rising 0.19 per
Published 05 May, 2011 07:26am
When the house rent hump humps
BR Research

When the house rent hump humps

Tick by tick, rising consumer prices are making their presence felt again. FBS data show that CPI inflation jumped 1.62 percent in April - i
Published 05 May, 2011 12:00am
White gold losing its sheen
BR Research

White gold losing its sheen

Two months ago, one wouldve been envying all investors who stocked up generously on cotton. Today, the envy has likely turned into pity for
Published 05 May, 2011 12:00am
Food: priceless yet pricey
BR Research

Food: priceless yet pricey

With the FAO food price index rising to almost dangerous levels, reaching the highest level in February 2011, the issue has become quite wor
Published 05 May, 2011 12:00am
SECP allows futures contract in sugar

SECP allows futures contract in sugar

The Securities and Exchange Commission of Pakistan (SECP), as part of its mandate to develop and strengthen the commodities market in Pakistan, has granted approval to the Pakistan Mercantile Exchange Limited (PMEX) for introduction of the futures contrac
Published 05 May, 2011 12:00am
SECP allows futures contract in sugar

SECP allows futures contract in sugar

The Securities and Exchange Commission of Pakistan (SECP), as part of its mandate to develop and strengthen the commodities market in Pakistan, has granted approval to the Pakistan Mercantile Exchange Limited (PMEX) for introduction of the futures contrac
Published 05 May, 2011 12:00am
SECP allows futures contract in sugar

SECP allows futures contract in sugar

The Securities and Exchange Commission of Pakistan (SECP), as part of its mandate to develop and strengthen the commodities market in Pakistan, has granted approval to the Pakistan Mercantile Exchange Limited (PMEX) for introduction of the futures contrac
Published 05 May, 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 (May 04, 2011).

Published 05 May, 2011 12:00am
SECP allows futures contract in sugar

SECP allows futures contract in sugar

The Securities and Exchange Commission of Pakistan (SECP), as part of its mandate to develop and strengthen the commodities market in Pakistan, has granted approval to the Pakistan Mercantile Exchange Limited (PMEX) for introduction of the futures contrac
Published 05 May, 2011 12:00am
Supreme Court seeks list of legislators elected after 18th Amendment

Supreme Court seeks list of legislators elected after 18th Amendment

The Supreme Court on Thursday directed the government to submit the list of legislators, who won elections after the passage of 18th Amendment bill in 2010, to the apex court by May 11. A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudh
Published 05 May, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 04, 2011).
Published 05 May, 2011 12:00am
Supreme Court seeks list of legislators elected after 18th Amendment

Supreme Court seeks list of legislators elected after 18th Amendment

The Supreme Court on Thursday directed the government to submit the list of legislators, who won elections after the passage of 18th Amendment bill in 2010, to the apex court by May 11. A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudh
Published 05 May, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am
Pakistan, France agree on close trade relations: joint declaration today

Pakistan, France agree on close trade relations: joint declaration today

Pakistan and France are set to announce a mechanism for enhancing economic and commercial relations when the two countries release a Joint Declaration on Economic and Commercial Partnership here today (Thursday). Through the Declaration, France would anno
Published 05 May, 2011 12:00am
Pakistan, France agree on close trade relations: joint declaration today

Pakistan, France agree on close trade relations: joint declaration today

Pakistan and France are set to announce a mechanism for enhancing economic and commercial relations when the two countries release a Joint Declaration on Economic and Commercial Partnership here today (Thursday). Through the Declaration, France would anno
Published 05 May, 2011 12:00am
Pakistan, France agree on close trade relations: joint declaration today

Pakistan, France agree on close trade relations: joint declaration today

Pakistan and France are set to announce a mechanism for enhancing economic and commercial relations when the two countries release a Joint Declaration on Economic and Commercial Partnership here today (Thursday). Through the Declaration, France would anno
Published 05 May, 2011 12:00am
French investors asked to benefit from incentives

French investors asked to benefit from incentives

Prime Minister Syed Yousuf Raza Gilani on Wednesday told French investors not to be swayed by the negative perceptions about Pakistan and invest in the country that offers lucrative incentives in several sectors. He was addressing the MEDEF forum, that wa
Published 05 May, 2011 12:00am
French investors asked to benefit from incentives

French investors asked to benefit from incentives

Prime Minister Syed Yousuf Raza Gilani on Wednesday told French investors not to be swayed by the negative perceptions about Pakistan and invest in the country that offers lucrative incentives in several sectors. He was addressing the MEDEF forum, that wa
Published 05 May, 2011 12:00am
French investors asked to benefit from incentives

French investors asked to benefit from incentives

Prime Minister Syed Yousuf Raza Gilani on Wednesday told French investors not to be swayed by the negative perceptions about Pakistan and invest in the country that offers lucrative incentives in several sectors. He was addressing the MEDEF forum, that wa
Published 05 May, 2011 12:00am
MoU to set up Joint Business Council signed

MoU to set up Joint Business Council signed

Pakistan and France on Wednesday signed a Memorandum of Under-standing (MoU) to establish a Joint Business Council to promote the level of trade on win-win basis. The MoU was inked between Pakistan Business Council and the MEDEF-Mouvement des Enterprises
Published 05 May, 2011 12:00am
MoU to set up Joint Business Council signed

MoU to set up Joint Business Council signed

Pakistan and France on Wednesday signed a Memorandum of Under-standing (MoU) to establish a Joint Business Council to promote the level of trade on win-win basis. The MoU was inked between Pakistan Business Council and the MEDEF-Mouvement des Enterprises
Published 05 May, 2011 12:00am
MoU to set up Joint Business Council signed

MoU to set up Joint Business Council signed

Pakistan and France on Wednesday signed a Memorandum of Under-standing (MoU) to establish a Joint Business Council to promote the level of trade on win-win basis. The MoU was inked between Pakistan Business Council and the MEDEF-Mouvement des Enterprises
Published 05 May, 2011 12:00am
FBR acts against leakage of secret information

FBR acts against leakage of secret information

The Federal Board of Revenue has issued a stern warning to the tax officials saying that 'internal sources' are leaking secret information to the print media, adding that action would be taken against those found involved in leakage of FBR correspondences
Published 05 May, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am
FBR acts against leakage of secret information

FBR acts against leakage of secret information

The Federal Board of Revenue has issued a stern warning to the tax officials saying that 'internal sources' are leaking secret information to the print media, adding that action would be taken against those found involved in leakage of FBR correspondences
Published 05 May, 2011 12:00am
FBR acts against leakage of secret information

FBR acts against leakage of secret information

The Federal Board of Revenue has issued a stern warning to the tax officials saying that ''internal sources'' are leaking secret information to the print media, adding that action would be taken against those found involved in leakage of FBR correspondenc
Published 05 May, 2011 12:00am
FBR taking steps to tax underground economy

FBR taking steps to tax underground economy

The Federal Board of Revenue is taking administrative and enforcement measures to tax the underground economy, curb under-invoicing and check the menace of smuggling. Sources told Business Recorder here on Wednesday that the FBR has forwarded its c
Published 05 May, 2011 12:00am
FBR taking steps to tax underground economy

FBR taking steps to tax underground economy

The Federal Board of Revenue is taking administrative and enforcement measures to tax the underground economy, curb under-invoicing and check the menace of smuggling. Sources told Business Recorder here on Wednesday that the FBR has forwarded its c
Published 05 May, 2011 12:00am
FBR taking steps to tax underground economy

FBR taking steps to tax underground economy

The Federal Board of Revenue is taking administrative and enforcement measures to tax the underground economy, curb under-invoicing and check the menace of smuggling. Sources told Business Recorder here on Wednesday that the FBR has forwarded its c
Published 05 May, 2011 12:00am
Index takes 285 points plunge

Index takes 285 points plunge

The fear of suspension of US aid on Wednesday invited panic selling at the Karachi share market and the KSE-100 index registered heavy decline of 284.84 points to close at 11,672.05 points. "Major correction in the Asian markets was another reason that af
Published 05 May, 2011 12:00am
Index takes 285 points plunge

Index takes 285 points plunge

The fear of suspension of US aid on Wednesday invited panic selling at the Karachi share market and the KSE-100 index registered heavy decline of 284.84 points to close at 11,672.05 points. "Major correction in the Asian markets was another reason that af
Published 05 May, 2011 12:00am
Index takes 285 points plunge

Index takes 285 points plunge

The fear of suspension of US aid on Wednesday invited panic selling at the Karachi share market and the KSE-100 index registered heavy decline of 284.84 points to close at 11,672.05 points. "Major correction in the Asian markets was another reason that af
Published 05 May, 2011 12:00am
BRIndex30 loses 204.16 points

BRIndex30 loses 204.16 points

On Wednesday, the BRIndex30 opened at 8,637.97 points and remained in red for almost whole of the trading session, recording positive readings only in the first few opening minutes. It touched the intra-day high of 8,675.80 points and low of 8,393.17 poin
Published 05 May, 2011 12:00am
BRIndex30 loses 204.16 points

BRIndex30 loses 204.16 points

On Wednesday, the BRIndex30 opened at 8,637.97 points and remained in red for almost whole of the trading session, recording positive readings only in the first few opening minutes. It touched the intra-day high of 8,675.80 points and low of 8,393.17 poin
Published 05 May, 2011 12:00am
MQM announces to rejoin federal cabinet

MQM announces to rejoin federal cabinet

Deputy Convenor, Muttahida Qaumi Movement (MQM), Rabita Committee, Dr Farooq Sattar on Wednesday announced that his party has decided to rejoin the Federal Cabinet. Dr Farooq Sattar made the announcement while talking to media here at the Sindh Governor H
Published 05 May, 2011 12:00am
MQM announces to rejoin federal cabinet

MQM announces to rejoin federal cabinet

Deputy Convenor, Muttahida Qaumi Movement (MQM), Rabita Committee, Dr Farooq Sattar on Wednesday announced that his party has decided to rejoin the Federal Cabinet. Dr Farooq Sattar made the announcement while talking to media here at the Sindh Governor H
Published 05 May, 2011 12:00am
Oil tankers' strike creates fuel shortage in Karachi

Oil tankers' strike creates fuel shortage in Karachi

About 50 percent patrol pumps of Karachi stopped operating on Wednesday due to strike of Oil Tankers Association against the hike in petroleum prices, causing severe problems for citizens especially commuters. It is feared that more patrol pumps would go
Published 05 May, 2011 12:00am
Oil tankers' strike creates fuel shortage in Karachi

Oil tankers' strike creates fuel shortage in Karachi

About 50 percent patrol pumps of Karachi stopped operating on Wednesday due to strike of Oil Tankers Association against the hike in petroleum prices, causing severe problems for citizens especially commuters. It is feared that more patrol pumps would go
Published 05 May, 2011 12:00am
Oil tankers'' strike creates fuel shortage in Karachi

Oil tankers'' strike creates fuel shortage in Karachi

About 50 percent patrol pumps of Karachi stopped operating on Wednesday due to strike of Oil Tankers Association against the hike in petroleum prices, causing severe problems for citizens especially commuters. It is feared that more patrol pumps would go
Published 05 May, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 May, 2011 12:00am
PC invites EoIs for HEC

PC invites EoIs for HEC

The Privatisation Commission (PC) has invited Expressions of Interest (EoIs) from prospective investors, industrial companies and groups, consortium of investors with demonstrable ability to own, efficiently manage and operate the company through acquisit
Published 05 May, 2011 12:00am
PC invites EoIs for HEC

PC invites EoIs for HEC

The Privatisation Commission (PC) has invited Expressions of Interest (EoIs) from prospective investors, industrial companies and groups, consortium of investors with demonstrable ability to own, efficiently manage and operate the company through acquisit
Published 05 May, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 May, 2011 12:00am
PC invites EoIs for HEC

PC invites EoIs for HEC

The Privatisation Commission (PC) has invited Expressions of Interest (EoIs) from prospective investors, industrial companies and groups, consortium of investors with demonstrable ability to own, efficiently manage and operate the company through acquisit
Published 05 May, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 May, 2011 12:00am
Ginneries receive 7.84 percent less cotton

Ginneries receive 7.84 percent less cotton

Pakistan Cotton Ginners Association (PCGA) has declared a shortfall of 7.84 percent in the cotton arrival. The association said as many as 1,16,98,166 bales of cotton were received during this season. It was 9,95,102 bales as compared last year showing a
Published 05 May, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 May, 2011 12:00am
Ginneries receive 7.84 percent less cotton

Ginneries receive 7.84 percent less cotton

Pakistan Cotton Ginners Association (PCGA) has declared a shortfall of 7.84 percent in the cotton arrival. The association said as many as 1,16,98,166 bales of cotton were received during this season. It was 9,95,102 bales as compared last year showing a
Published 05 May, 2011 12:00am
Ginneries receive 7.84 percent less cotton

Ginneries receive 7.84 percent less cotton

Pakistan Cotton Ginners Association (PCGA) has declared a shortfall of 7.84 percent in the cotton arrival. The association said as many as 1,16,98,166 bales of cotton were received during this season. It was 9,95,102 bales as compared last year showing a
Published 05 May, 2011 12:00am
Five former Brooke executives settle SEC fraud charges

Five former Brooke executives settle SEC fraud charges

Five former executives at Brooke Corp, which franchised insurance agencies and made loans to its franchisees, settled US regulatory charges that they fraudulently hid worsening finances that led to the company's bankruptcy and the failure of several regio
Published 05 May, 2011 12:00am
Five former Brooke executives settle SEC fraud charges

Five former Brooke executives settle SEC fraud charges

Five former executives at Brooke Corp, which franchised insurance agencies and made loans to its franchisees, settled US regulatory charges that they fraudulently hid worsening finances that led to the company's bankruptcy and the failure of several regio
Published 05 May, 2011 12:00am
Five former Brooke executives settle SEC fraud charges

Five former Brooke executives settle SEC fraud charges

Five former executives at Brooke Corp, which franchised insurance agencies and made loans to its franchisees, settled US regulatory charges that they fraudulently hid worsening finances that led to the company''s bankruptcy and the failure of several regi
Published 05 May, 2011 12:00am
Treasury Bills auction fetches Rs 254 billion

Treasury Bills auction fetches Rs 254 billion

Heavy participation was witnessed in Treasury Bills (MTBs) auction while State Bank of Pakistan received bids worth Rs 492 billion. Bankers said that banks were considering MTBs' a high profit instrument and trying to invest maximum in the T-bills. Howeve
Published 05 May, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am
Treasury Bills auction fetches Rs 254 billion

Treasury Bills auction fetches Rs 254 billion

Heavy participation was witnessed in Treasury Bills (MTBs) auction while State Bank of Pakistan received bids worth Rs 492 billion. Bankers said that banks were considering MTBs' a high profit instrument and trying to invest maximum in the T-bills. Howeve
Published 05 May, 2011 12:00am
Treasury Bills auction fetches Rs 254 billion

Treasury Bills auction fetches Rs 254 billion

Heavy participation was witnessed in Treasury Bills (MTBs) auction while State Bank of Pakistan received bids worth Rs 492 billion. Bankers said that banks were considering MTBs'' a high profit instrument and trying to invest maximum in the T-bills. Howev
Published 05 May, 2011 12:00am
Treasury Bills auction fetches Rs 254 billion

Treasury Bills auction fetches Rs 254 billion

Heavy participation was witnessed in Treasury Bills (MTBs) auction while State Bank of Pakistan received bids worth Rs 492 billion. Bankers said that banks were considering MTBs'''' a high profit instrument and trying to invest maximum in the T-bills. How
Published 05 May, 2011 12:00am
Listed banking sector earnings surge by 26 percent

Listed banking sector earnings surge by 26 percent

Current calendar year is likely to again an impressive for the banking industry as the listed banking sector earnings has rose by a significant 26 percent during the first quarter (January-March 2011) as compared to the same period of last calendar year-2
Published 05 May, 2011 12:00am
Listed banking sector earnings surge by 26 percent

Listed banking sector earnings surge by 26 percent

Current calendar year is likely to again an impressive for the banking industry as the listed banking sector earnings has rose by a significant 26 percent during the first quarter (January-March 2011) as compared to the same period of last calendar year-2
Published 05 May, 2011 12:00am
Listed banking sector earnings surge by 26 percent

Listed banking sector earnings surge by 26 percent

Current calendar year is likely to again an impressive for the banking industry as the listed banking sector earnings has rose by a significant 26 percent during the first quarter (January-March 2011) as compared to the same period of last calendar year-2
Published 05 May, 2011 12:00am
FBR grants KSE tax exemption

FBR grants KSE tax exemption

The Federal Board of Revenue (FBR) has exempted Karachi Stock Exchange (KSE) from Income Tax under Section 153(4) of the Income Tax Ordinance 2001. According to KSE here Wednesday, the premier exchange has requested the members not to deduct tax on paymen
Published 05 May, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee surrendered its overnight gains versus dollar on the currency market on Wednesday in process of trading, dealers said. The rupee dropped by 27 paisa in relation to dollar for buying and selling at 84.40 and 84.55, they said.
Published 05 May, 2011 12:00am
FBR grants KSE tax exemption

FBR grants KSE tax exemption

The Federal Board of Revenue (FBR) has exempted Karachi Stock Exchange (KSE) from Income Tax under Section 153(4) of the Income Tax Ordinance 2001. According to KSE here Wednesday, the premier exchange has requested the members not to deduct tax on paymen
Published 05 May, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee surrendered its overnight gains versus dollar on the currency market on Wednesday in process of trading, dealers said. The rupee dropped by 27 paisa in relation to dollar for buying and selling at 84.40 and 84.55, they said.
Published 05 May, 2011 12:00am
FBR grants KSE tax exemption

FBR grants KSE tax exemption

The Federal Board of Revenue (FBR) has exempted Karachi Stock Exchange (KSE) from Income Tax under Section 153(4) of the Income Tax Ordinance 2001. According to KSE here Wednesday, the premier exchange has requested the members not to deduct tax on paymen
Published 05 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am
Al Jazeera wins top journalism prize in New York

Al Jazeera wins top journalism prize in New York

Qatar-based news channel Al Jazeera's English service will be awarded the highest honour of New York's Columbia School of Journalism for its coverage of unrest in the Middle East, the university said on Wednesday. The Columbia Journalism Award honours "si
Published 05 May, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am
Al Jazeera wins top journalism prize in New York

Al Jazeera wins top journalism prize in New York

Qatar-based news channel Al Jazeera's English service will be awarded the highest honour of New York's Columbia School of Journalism for its coverage of unrest in the Middle East, the university said on Wednesday. The Columbia Journalism Award honours "si
Published 05 May, 2011 12:00am
Gilani urges GDF Suez to compete in open LNG bidding process

Gilani urges GDF Suez to compete in open LNG bidding process

Prime Minister Syed Yousuf Raza Gilani on Wednesday said his government fully respects the courts and its decisions and urged the French energy company to compete in the open bidding process for import of LNG to Pakistan.
Published 05 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am
Gilani urges GDF Suez to compete in open LNG bidding process

Gilani urges GDF Suez to compete in open LNG bidding process

Prime Minister Syed Yousuf Raza Gilani on Wednesday said his government fully respects the courts and its decisions and urged the French energy company to compete in the open bidding process for import of LNG to Pakistan.
Published 05 May, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (May 04, 2011) and for Thursday (May 05, 2011).
Published 05 May, 2011 12:00am
Gilani urges GDF Suez to compete in open LNG bidding process

Gilani urges GDF Suez to compete in open LNG bidding process

Prime Minister Syed Yousuf Raza Gilani on Wednesday said his government fully respects the courts and its decisions and urged the French energy company to compete in the open bidding process for import of LNG to Pakistan.
Published 05 May, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am
Energy crisis: Aptma decides to close down 43 percent capacity

Energy crisis: Aptma decides to close down 43 percent capacity

World's third largest spinning industry of Pakistan has decided to close down 43 percent capacity immediately owing to energy crisis in the country. An extra ordinary general meeting of Aptma held at the Aptma Punjab office Wednesday and discussed the ong
Published 05 May, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 05 May, 2011 12:00am
Energy crisis: Aptma decides to close down 43 percent capacity

Energy crisis: Aptma decides to close down 43 percent capacity

World's third largest spinning industry of Pakistan has decided to close down 43 percent capacity immediately owing to energy crisis in the country. An extra ordinary general meeting of Aptma held at the Aptma Punjab office Wednesday and discussed the ong
Published 05 May, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 05 May, 2011 12:00am
Energy crisis: Aptma decides to close down 43 percent capacity

Energy crisis: Aptma decides to close down 43 percent capacity

World''s third largest spinning industry of Pakistan has decided to close down 43 percent capacity immediately owing to energy crisis in the country. An extra ordinary general meeting of Aptma held at the Aptma Punjab office Wednesday and discussed the on
Published 05 May, 2011 12:00am
Netanyahu aide skips UK trip fearing arrest

Netanyahu aide skips UK trip fearing arrest

Israeli Prime Minister Benjamin Netanyahu travelled to London on Wednesday without his military attache, who fears arrest by British justice for war crimes, state television reported. Yohanan Locker chose to stay in Israel rather than expose himself to th
Published 05 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am
CPSP's convocation on May 13

CPSP's convocation on May 13

The College of Physicians & Surgeons Pakistan (CPSP) will hold its 45th annual convocation on May 13 at Aiwan-e-Iqbal. Punjab Chief Minister, Shahbaz Sharif will be the chief guest and also award CPSP gold medals to the position holders.
Published 05 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 04, 2011).

Published 05 May, 2011 12:00am
Farzana meets Robin Raphel

Farzana meets Robin Raphel

Chairperson Benazir Income Support Programme (BISP), Farzana Raja has said that besides providing regular cash grant, the BISP is envisaging a conditional cash transfer grant to beneficiary families, which would be linked with education of the children of
Published 05 May, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (May 04, 2011) and the forecast for Thursday (May 05, 2011).

Published 05 May, 2011 12:00am
Informal sector to be brought into tax net: MoF briefs ANP on budget

Informal sector to be brought into tax net: MoF briefs ANP on budget

The government on Wednesday assured the coalition partner ANP that it would take measures to bring the informal sector into the tax net and as a first step 0.7 million people identified on the basis of assets and income were being taxed in the budget.
Published 05 May, 2011 12:00am
Pemra told to check objectionable content

Pemra told to check objectionable content

National Assembly's Standing Committee on Information and Broadcasting on Wednesday directed Pakistan Electronic Media Regulatory Authority (Pemra) to take effective steps within one month to stop vulgar and objectionable content on private satellite TV c
Published 05 May, 2011 12:00am
Uzbekistan offers electricity on reasonable rates

Uzbekistan offers electricity on reasonable rates

Ambassador of Uzbekistan, Oybek Arif Usmanov here on Wednesday said that his country was ready for providing electricity to Pakistan via Peshawar on very reasonable rates. He said that it would also help Pakistan for seeking access to surplus Central Asia
Published 05 May, 2011 12:00am
'Government taking effective steps to end child labour'

'Government taking effective steps to end child labour'

Khyber Pakhtunkhwa Minister for Labour Sher Azam Wazir on Wednesday said that government would take effective and result-oriented measures to end child labour and asked donor agencies and local non-governmental organisations to play their due role in this
Published 05 May, 2011 12:00am
Adulteration is more serious crime than profiteering: Shahbaz

Adulteration is more serious crime than profiteering: Shahbaz

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that elements involved in hoarding, profiteering, adulteration and short-measuring deserve no leniency and stern action should be taken against them. He said that adulteration is a more serious crime
Published 05 May, 2011 12:00am
Cement exports via sea continue to decline

Cement exports via sea continue to decline

Cement exports via sea continue to decline; sliding in first ten months of the current fiscal year by 17.27 percent to India and 31.68 percent to other destinations, clinker exports through sea have also declined by 34.57 percent, as compared with the cor
Published 05 May, 2011 12:00am
Pakistan will live forever: Shahbaz

Pakistan will live forever: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that Pakistan will live forever and there is a need for collective effort for national progress and development and ensuring a glorious future for the country. He said that the importance of developing indigen
Published 05 May, 2011 12:00am
International Fire Fighter Day observed

International Fire Fighter Day observed

International Fire Fighter Day was observed on Wednesday to honour and support fire-fighters who risk their lives everyday to help their communities. Different rescue service providers organised functions to highlight the importance of the day. Speakers i
Published 05 May, 2011 12:00am
Power shortfall crosses of 5000 megawatts

Power shortfall crosses of 5000 megawatts

Power shortfall has crossed again the alarming threshold of 5000MW during last 24 hours owing to short supply of fuel to thermal and snail-paced supply of water to hydel generation in the country. According to the Pepco daily brief, power generation stood
Published 05 May, 2011 12:00am
Clarification

Clarification

The Accountant General Punjab has admittedly clarified that the error of 15 percent surcharge on the Income Tax was occurred during payroll processing for the month of April 2011.
Published 05 May, 2011 12:00am
PARB approves funding for 10 research projects

PARB approves funding for 10 research projects

Punjab Agricultural Research Board (PARB) has approved funding of Rs 136 million for 10 research projects relating to agriculture and livestock at a meeting of its Board of Directors here on Wednesday. The meeting was chaired by the Punjab Minister for Ag
Published 05 May, 2011 12:00am
PTEA hails induction of Rana Asif as minister

PTEA hails induction of Rana Asif as minister

Wasim Latif, Chairman and Adil Manzoor Ellahi, Vice Chairman Pakistan Textile Exporters Association (PTEA) have welcomed the induction of Rana Asif Tauseef as Minister of State for Privatisation and have hoped that the problems faced by the exporters and
Published 05 May, 2011 12:00am
'World Islamic Finance Summit 2011' to be held in September

'World Islamic Finance Summit 2011' to be held in September

The World Islamic Finance Summit - 2011, will be held in country on the 21st and 22nd of September, 2011. This is a high-profiled conference to devise collaborative strategies and solutions for the development and promotion of Islamic financing in Pakista
Published 05 May, 2011 12:00am
Nine steel re-rolling units sealed

Nine steel re-rolling units sealed

Environment Protection Department (EPD) of the District Government Lahore on Wednesday sealed nine steel re-rolling units situated in the area of Mominpura, GT Road. According to EPD sources, a raiding team of EPD comprising inspectors Rana Husnain and Ha
Published 05 May, 2011 12:00am
JI announces Friday as protest day against US

JI announces Friday as protest day against US

The Jamaat-e-Islami chief, Syed Munawar Hassan, has announced Protest Day on Friday, (tomorrow), against the increasing US interference in the country, the slavish attitude of the rulers, the grave threats to the country's independence and the direct Amer
Published 05 May, 2011 12:00am
JI calls for Hajj policy review

JI calls for Hajj policy review

Jamaat-e-Islami Secretary General, Liaquat Baloch, has called for a review of the Hajj policy to facilitate the intending pilgrims. In a letter addressed to the Minister for Religious Affairs, he said that the Hajj expenses this year had been increased un
Published 05 May, 2011 12:00am
AG Punjab for compiling correct data of provincial employees

AG Punjab for compiling correct data of provincial employees

Accountant General Punjab, Muhammad Jamil Bhatti, has directed Drawing & Disbursing Officers (DDOs) of all provincial departments to correct the basic data of employees working under their administrative control and submit the same to AG Office and concer
Published 05 May, 2011 12:00am
Deceased industrial workers: death grant for heirs increased

Deceased industrial workers: death grant for heirs increased

Punjab Labour Minister Haji Ehsaan-ud-Din Qureshi has said that death grant for the heirs of deceased industrial workers has been increased from Rs 2000 to equivalent to one month pay however, not exceeding Rs 10, 000. It was decided in the 111 governing
Published 05 May, 2011 12:00am
Oriental College holds sports prize distribution ceremony

Oriental College holds sports prize distribution ceremony

Punjab University (PU) Vice-Chancellor Professor Dr Mujahid Kamran presided over the prize distribution ceremony of annual sports of Oriental College, held here in the Sherani Hall of the College at Old Campus. Renowned test cricketer Abdul Qadir was the
Published 05 May, 2011 12:00am
UBL Fund Managers approves financial results

UBL Fund Managers approves financial results

The Board of Directors of UBL Fund Managers in its meeting held on April 19, 2011 approved the financial results of funds under management for the period ended March 31, 2011. According to a press release, UBL Liquidity Plus Fund (ULPF):ULPF continued to
Published 05 May, 2011 12:00am
UBL Fund Managers approves financial results

UBL Fund Managers approves financial results

The Board of Directors of UBL Fund Managers in its meeting held on April 19, 2011 approved the financial results of funds under management for the period ended March 31, 2011. According to a press release, UBL Liquidity Plus Fund (ULPF):ULPF continued to
Published 05 May, 2011 12:00am
SU discusses law and order situation

SU discusses law and order situation

Sindh University (SU) Vice-Chancellor Professor Dr Nazir A Mughal convened a meeting on Wednesday to discuss law and order situation at the campus and review the arrangements during the ongoing semester examinations in the University.
Published 05 May, 2011 12:00am
Nadra helps FBR in tracing potential taxpayers

Nadra helps FBR in tracing potential taxpayers

Deputy Chairman National Database and Registration Authority (Nadra), Tariq Malik has said Nadra has helped Federal Board of Revenue (FBR) in tracing the potential taxpayers, which will help the tax collection authority to bring 700,000 new potential paye
Published 05 May, 2011 12:00am
Hiroshi takes charge as Japan's new envoy

Hiroshi takes charge as Japan's new envoy

The new Ambassador of Japan, Hiroshi OE, took charge of the embassy on Wednesday. He replaces Chihiro Atsumi, who has gone to Ireland to take charge as ambassador there. Hiroshi has rich experience regarding international affairs as he joined the Ministry
Published 05 May, 2011 12:00am
Telephone exchange installed at Aabpara PS

Telephone exchange installed at Aabpara PS

Islamabad Police installed its own telephone exchange at Aabpara Police Station aimed at streamlining the working of the law enforcement institution to make communication among the policemen and police officials more easy and effective.
Published 05 May, 2011 12:00am
Government departments: minister reviews progress

Government departments: minister reviews progress

Mir Changez Khan Jamali Federal Minister for Science and Technology presided over a meeting here on Wednesday to review the issues and progress of three main departments of Ministry - Pakistan Council of Scientific and Industrial Research (PCSIR), Pakista
Published 05 May, 2011 12:00am
Jamali, Mukhtar call on Zardari

Jamali, Mukhtar call on Zardari

Mir Jan Muhammad Jamali Deputy Chairman Senate, Chaudhry Ahmed Mukhtar, Federal Minister for Defence, Dr Asim Hussain, advisor to Prime Minister on Petroleum & Natural Resources separately called on President Asif Ali Zardari at the Aiwan-e-Sadr on Wednes
Published 05 May, 2011 12:00am
Blood donation camp set up in Duaba

Blood donation camp set up in Duaba

Hamza Foundation Welfare Hospital held blood donation camp at Duaba area in district Charsadda to collect blood bags for patients suffering from thalaseamia, hemophilia and other blood related diseases. According to a press release issued by Hamza Foundat
Published 05 May, 2011 12:00am
Desperate traders want broader crackdown on terrorists

Desperate traders want broader crackdown on terrorists

The desperate traders want a broader crackdown on terrorists in the city to restore peace and end the continued wave of vandalism and target killings which have left social and business activities altogether paralysed.
Published 05 May, 2011 12:00am
'Education helps alleviate poverty'

'Education helps alleviate poverty'

Speakers at a public dialogue said education helps a lot in poverty alleviation but it must be according to market demands blended with technical and vocational education so that youth could earn livelihood. The public dialogue was organised by 'Idara-e-T
Published 05 May, 2011 12:00am
Privatisation process: PC must take all stakeholders on board: Mahar

Privatisation process: PC must take all stakeholders on board: Mahar

The Privatisation Commission (PC) must take all stakeholders on board prior to initiating the privatisation process, particularly removing the doubts of the workers of the State Owned Entities (SoEs), said Ghous Bux Khan Mahar, Federal Minister for Privat
Published 05 May, 2011 12:00am
Thalassemia patient inducted in NH&MP for one day

Thalassemia patient inducted in NH&MP for one day

Inspector General, National Highways and Motorway Police Zafarullah Khan has inducted a patient of Thalassemia as Senior Patrol Officer (SPO) for one day in NH&MP. Muhammad Faizan Raza, 17, a student of second year of Diploma in Associate Engineering & In
Published 05 May, 2011 12:00am
Pakistan may have 335 million souls in 2050, says ADB report

Pakistan may have 335 million souls in 2050, says ADB report

Pakistan is projected to have 335 million population by 2050 that is 81.4 percent more than the existing population, an Asian Development Report 'Asia 2050, Realizing the Asian Century' says. According to the report, Asia in 2050 will be heavily influence
Published 05 May, 2011 12:00am
Gilani calls for Franco-Pak parliamentary cooperation

Gilani calls for Franco-Pak parliamentary cooperation

Prime Minister Syed Yousuf Raza Gilani on Wednesday said close interaction between the parliaments of Pakistan and France would give new impetus to their relationship in diverse fields.
Published 05 May, 2011 12:00am
Visa campaign aims to attract debit card usage

Visa campaign aims to attract debit card usage

Visa continues to drive debit card usage in the Pakistan with the launch of an exciting and innovative new promotion aimed at rewarding people using their Visa debit cards for everyday use. According to the campaign, Visa debit card holders are entitled t
Published 05 May, 2011 12:00am
Fertiliser sector registers 32 percent growth

Fertiliser sector registers 32 percent growth

The net profit of fertiliser sector witnessed an impressive growth of 32 percent reaching the level of Rs 7.3 billion in the first quarter of 2011. "Despite witnessing a decrease in production of 13 percent in this quarter, country's fertiliser sector was
Published 05 May, 2011 12:00am
Three persons, including MQM activist killed

Three persons, including MQM activist killed

At least three persons, including an activist of Muttahida Qaumi Movement (MQM), were killed in separate incidents in various parts of the metropolis here on Wednesday. According to details, an activist of MQM was gunned down at Surjani area in the limits
Published 05 May, 2011 12:00am
Drone attacks: LHC informed of regular protest with US

Drone attacks: LHC informed of regular protest with US

The Lahore High Court was informed on Wednesday that the Government of Pakistan keeps on registering regular protests with America on drone attacks and massive killings of people. The Foreign Ministry said this in its reply in the court during hearing of
Published 05 May, 2011 12:00am
French media turns its eyes on Gilani's visit

French media turns its eyes on Gilani's visit

The print and electronic media in France has turned its eyes on the visit of Prime Minister Syed Yousuf Raza Gilani to Paris, as newspapers carried the stories with leads and banners and television channels flashed it in their news bulletins. The French m
Published 05 May, 2011 12:00am
Minister terms feudalism a hurdle to fair elections

Minister terms feudalism a hurdle to fair elections

MNA Kishwar Zehra has said that free and fair elections were not possible without an end to the culture of feudalism in the country. Speaking at a roundtable discussion organised by Pildat here on Wednesday, she said that 98 percent of the population live
Published 05 May, 2011 12:00am
Jameel for better coordination among LEAs

Jameel for better coordination among LEAs

With a view to improve law and order situation of the country, Sindh Minister for Inter-provincial Co-ordination Makhdoom Jameel-uz-Zaman has laid emphasis on better inter-provincial coordination between police and other law enforcing agencies (LEAs).
Published 05 May, 2011 12:00am
PTCL to start fastest Internet, broadband service soon

PTCL to start fastest Internet, broadband service soon

Senior Executive Vice President of Pakistan Telecommunications Company Ltd (PTCL), Abdullah Yousuf has said that the company would soon initiate fastest internet and broadband service for business community. Speaking at a meeting at Korangi Association of
Published 05 May, 2011 12:00am
BoK to finance Khyber Pakhtunkhwa wheat procurement

BoK to finance Khyber Pakhtunkhwa wheat procurement

The KP Department of Food and Bank of Khyber (BoK) inked a memorandum of understanding (MoU) for provision of finance for procurement of wheat. Under the arrangement, BoK will provide Rs 7.5 billion for wheat procurement to the provincial government for t
Published 05 May, 2011 12:00am
Civil society hails devolution of powers

Civil society hails devolution of powers

The colonial mindset, vested interest and the political influence have always been a part of the policies of the Centre, Khadim Hussain, an activist and civil society member from Khyber Pakhtunkhwa said during a press conference here on Wednesday.
Published 05 May, 2011 12:00am
Asian bioethics moot to be held in Taipei on May 15

Asian bioethics moot to be held in Taipei on May 15

Asian Bioethics Association has invited abstract for the 12th Asian Bioethics Conference by May 15. The event is scheduled to be held in Taipei from September 28 to October 1st, 2011, said Dr Bushra Shirazi, Vice President (West Asia), Asian Bioethoics As
Published 05 May, 2011 12:00am
Tan Kah Chye joins Barclays

Tan Kah Chye joins Barclays

Barclays Corporate is fast tracking the development of its global trade finance offering with the appointment of new Head of Trade and Working Capital, Tan Kah Chye. Kah Chye joins from Standard Chartered Bank in Singapore, where for the past six years he
Published 05 May, 2011 12:00am
Khyber Pakhtunkhwa to take ministers, MPs into confidence on budget

Khyber Pakhtunkhwa to take ministers, MPs into confidence on budget

Khyber Pakhtunkhwa Minister for Finance, Engineer Mohammad Humayun Khan has said that all provincial ministers and members of the provincial assembly would be taken into confidence before finalisation of the budge 2011-12. He expressed these views while c
Published 05 May, 2011 12:00am
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