BR100 Decreased By (-0.73%)
BR30 Decreased By (-0.9%)
KSE100 Decreased By (-0.81%)
KSE30 Decreased By (-0.81%)
AGHA 7.63 Decreased By ▼ -0.06 (-0.78%)
BECO 5.51 Increased By ▲ 0.27 (5.15%)
BML 59.30 Decreased By ▼ -0.92 (-1.53%)
BOP 34.12 Decreased By ▼ -1.16 (-3.29%)
CNERGY 12.90 Decreased By ▼ -0.23 (-1.75%)
CSIL 6.06 Decreased By ▼ -0.05 (-0.82%)
FCCL 57.64 Decreased By ▼ -0.33 (-0.57%)
FFL 16.18 Decreased By ▼ -0.24 (-1.46%)
FNEL 1.22 Increased By ▲ 0.02 (1.67%)
KEL 7.45 Decreased By ▼ -0.03 (-0.4%)
KOSM 5.97 Decreased By ▼ -0.07 (-1.16%)
LOTCHEM 27.91 Increased By ▲ 0.16 (0.58%)
MLCF 101.00 Decreased By ▼ -1.98 (-1.92%)
NBP 204.59 Decreased By ▼ -1.45 (-0.7%)
NCPL 60.40 Decreased By ▼ -1.84 (-2.96%)
NPL 69.99 Decreased By ▼ -1.30 (-1.82%)
OGDC 320.98 Decreased By ▼ -2.80 (-0.86%)
PACE 11.10 Decreased By ▼ -0.41 (-3.56%)
PAEL 43.08 Decreased By ▼ -0.82 (-1.87%)
PIBTL 16.60 Decreased By ▼ -0.08 (-0.48%)
PPL 229.48 Increased By ▲ 0.01 (0%)
PRL 71.50 Increased By ▲ 1.39 (1.98%)
PTC 71.90 Decreased By ▼ -0.25 (-0.35%)
SSGC 26.70 Decreased By ▼ -0.41 (-1.51%)
TBL 9.82 Decreased By ▼ -0.04 (-0.41%)
TELE 8.65 Decreased By ▼ -0.07 (-0.8%)
TPL 22.21 Decreased By ▼ -0.41 (-1.81%)
TPLP 15.14 Decreased By ▼ -0.54 (-3.44%)
TREET 24.19 Decreased By ▼ -0.02 (-0.08%)
TRG 60.10 Decreased By ▼ -1.03 (-1.68%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-05-25
DCC meeting reviews security situation
Top News

DCC meeting reviews security situation

ISLAMABAD : Prime Minister Yusuf Raza Gilani on Wednesday chaired a meeting of Defence Committee of Cabinet (DCC) which
Published 25 May, 2011 06:22pm
Gold unchanged at Rs42,257
Markets

Gold unchanged at Rs42,257

KARACHI : Gold closed unchanged at Rs 42,257 per 10 grams in local bullion market Wednesday, but its international pri
Published 25 May, 2011 03:10pm
PM to chair DCC meeting today evening
Top News

PM to chair DCC meeting today evening

ISLAMABAD : Prime Minister Syed Yosuf Raza Gilani is chairing the meeting of Defence Committee of Cabinet today evening,
Published 25 May, 2011 09:21am
Japanese shares down 0.57pc
Financial

Japanese shares down 0.57pc

TOKYO : Tokyo shares fell 0.57 percent Wednesday, led by weakness in technology shares and concerns over China's economy
Published 25 May, 2011 08:30am
Light quake strikes eastern Japan
Asia

Light quake strikes eastern Japan

TOKYO : A shallow 4.9 magnitude earthquake struck eastern Japan early Wednesday, the US Geological Survey said, rat
Published 25 May, 2011 06:04am
Oil down in Asian trade
Energy

Oil down in Asian trade

SINGAPORE: Oil was down in Asian trade Wednesday due to weaker US energy demand and as traders locked in profits from th
Published 25 May, 2011 03:53am
Gates defends US aid for Pakistan
Top News

Gates defends US aid for Pakistan

WASHINGTON: Defense Secretary Robert Gates defended the US assistance for Pakistan on Tuesday as he underscored the impo
Published 25 May, 2011 12:00am
Development woes
BR Research

Development woes

Governments around the world use development spending to spur economic growth or to avoid double dip recessions. Pakistans persistent fiscal
Published 25 May, 2011 12:00am
LSE index gains 24.54 points

LSE index gains 24.54 points

Equities on Tuesday continued rising trend for the second consecutive day amid bullish sentiments on the Lahore Stock Exchange (LSE) mainly because of fresh buying in oil sector. The LSE-25 index was further increased by 24.54 points and was closed at 322
Published 25 May, 2011 12:00am
LSE index gains 24.54 points

LSE index gains 24.54 points

Equities on Tuesday continued rising trend for the second consecutive day amid bullish sentiments on the Lahore Stock Exchange (LSE) mainly because of fresh buying in oil sector. The LSE-25 index was further increased by 24.54 points and was closed at 322
Published 25 May, 2011 12:00am
Equities move both ways on ISE

Equities move both ways 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 29.18 points, as the Index moved from 2,713.64 to 2,7
Published 25 May, 2011 12:00am
Equities move both ways on ISE

Equities move both ways 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 29.18 points, as the Index moved from 2,713.64 to 2,7
Published 25 May, 2011 12:00am
US senators see Afghan hope, Pakistan fears

US senators see Afghan hope, Pakistan fears

Leading US senators on Tuesday saw momentum for political reconciliation in Afghanistan in the wake of Osama bin Laden's death and urged a greater shift in focus to fighting extremism in Pakistan. Senator John Kerry, who recently visited the region, said
Published 25 May, 2011 12:00am
US senators see Afghan hope, Pakistan fears

US senators see Afghan hope, Pakistan fears

Leading US senators on Tuesday saw momentum for political reconciliation in Afghanistan in the wake of Osama bin Laden's death and urged a greater shift in focus to fighting extremism in Pakistan. Senator John Kerry, who recently visited the region, said
Published 25 May, 2011 12:00am
Four major IPPs seek urgent payment of dues

Four major IPPs seek urgent payment of dues

Four major independent power producers (IPPs) have demanded urgent payment of their outstanding dues from the power purchasers, as promised by the government through sovereign guarantee. In separate letters to the government of Pakistan, these IPPs, inclu
Published 25 May, 2011 12:00am
Four major IPPs seek urgent payment of dues

Four major IPPs seek urgent payment of dues

Four major independent power producers (IPPs) have demanded urgent payment of their outstanding dues from the power purchasers, as promised by the government through sovereign guarantee. In separate letters to the government of Pakistan, these IPPs, inclu
Published 25 May, 2011 12:00am
Four major IPPs seek urgent payment of dues

Four major IPPs seek urgent payment of dues

Four major independent power producers (IPPs) have demanded urgent payment of their outstanding dues from the power purchasers, as promised by the government through sovereign guarantee. In separate letters to the government of Pakistan, these IPPs, inclu
Published 25 May, 2011 12:00am
US sanctions Venezuela PDVSA, others for Iran trade

US sanctions Venezuela PDVSA, others for Iran trade

The United States slapped new sanctions on Venezuela's state oil company PDVSA and six other oil and shipping firms on Tuesday for engaging in trade with Iran in violation of a US ban. Deputy Secretary of State James Steinberg said the move against PDVSA
Published 25 May, 2011 12:00am
US sanctions Venezuela PDVSA, others for Iran trade

US sanctions Venezuela PDVSA, others for Iran trade

The United States slapped new sanctions on Venezuela's state oil company PDVSA and six other oil and shipping firms on Tuesday for engaging in trade with Iran in violation of a US ban. Deputy Secretary of State James Steinberg said the move against PDVSA
Published 25 May, 2011 12:00am
US sanctions Venezuela PDVSA, others for Iran trade

US sanctions Venezuela PDVSA, others for Iran trade

The United States slapped new sanctions on Venezuela''s state oil company PDVSA and six other oil and shipping firms on Tuesday for engaging in trade with Iran in violation of a US ban. Deputy Secretary of State James Steinberg said the move against PDVSA
Published 25 May, 2011 12:00am
MoF terms exchange rate stability hallmark

MoF terms exchange rate stability hallmark

The Ministry of Finance Tuesday termed the stability in the exchange rate as the hallmark of the current year's economic performance. The government is committed to take appropriate measures to maintain the stability, spokesman of the ministry said in a s
Published 25 May, 2011 12:00am
MoF terms exchange rate stability hallmark

MoF terms exchange rate stability hallmark

The Ministry of Finance Tuesday termed the stability in the exchange rate as the hallmark of the current year's economic performance. The government is committed to take appropriate measures to maintain the stability, spokesman of the ministry said in a s
Published 25 May, 2011 12:00am
MoF terms exchange rate stability hallmark

MoF terms exchange rate stability hallmark

The Ministry of Finance Tuesday termed the stability in the exchange rate as the hallmark of the current year''s economic performance. The government is committed to take appropriate measures to maintain the stability, spokesman of the ministry said in a
Published 25 May, 2011 12:00am
Helicopter damaged in bin Laden raid back in US

Helicopter damaged in bin Laden raid back in US

Pakistan has returned the wreckage of a US helicopter used in the American raid that killed Osama bin Laden early this month, a Pentagon spokesman said Tuesday. "The wreckage of the helicopter destroyed in the bin Laden operation was returned over the wee
Published 25 May, 2011 12:00am
Helicopter damaged in bin Laden raid back in US

Helicopter damaged in bin Laden raid back in US

Pakistan has returned the wreckage of a US helicopter used in the American raid that killed Osama bin Laden early this month, a Pentagon spokesman said Tuesday. "The wreckage of the helicopter destroyed in the bin Laden operation was returned over the wee
Published 25 May, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 May, 2011 12:00am
Pakistan's rice export exceeds $2.5 billion mark

Pakistan's rice export exceeds $2.5 billion mark

The rice export of Pakistan has exceeded 2.5 billion dollars that is 88 percent more than the last year export in monetary terms while it is being estimated that the export figure may touch 3 billion dollars. Well-placed sources told Business Recorder
Published 25 May, 2011 12:00am
Pakistan's rice export exceeds $2.5 billion mark

Pakistan's rice export exceeds $2.5 billion mark

The rice export of Pakistan has exceeded 2.5 billion dollars that is 88 percent more than the last year export in monetary terms while it is being estimated that the export figure may touch 3 billion dollars. Well-placed sources told Business Recorder
Published 25 May, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 May, 2011 12:00am
Pakistan''s rice export exceeds $2.5 billion mark

Pakistan''s rice export exceeds $2.5 billion mark

The rice export of Pakistan has exceeded 2.5 billion dollars that is 88 percent more than the last year export in monetary terms while it is being estimated that the export figure may touch 3 billion dollars. Well-placed sources told Business Recorder
Published 25 May, 2011 12:00am
The Economist attacks India in censorship row

The Economist attacks India in censorship row

The Economist magazine has accused India of hostile censorship after officials insisted that a map in the latest edition be covered up as it showed disputed borders in Kashmir. Customs officers ordered that 28,000 copies of the news weekly must have stick
Published 25 May, 2011 12:00am
The Economist attacks India in censorship row

The Economist attacks India in censorship row

The Economist magazine has accused India of hostile censorship after officials insisted that a map in the latest edition be covered up as it showed disputed borders in Kashmir. Customs officers ordered that 28,000 copies of the news weekly must have stick
Published 25 May, 2011 12:00am
The Economist attacks India in censorship row

The Economist attacks India in censorship row

The Economist magazine has accused India of hostile censorship after officials insisted that a map in the latest edition be covered up as it showed disputed borders in Kashmir. Customs officers ordered that 28,000 copies of the news weekly must have stick
Published 25 May, 2011 12:00am
US, India to discuss counter-terrorism strategy

US, India to discuss counter-terrorism strategy

US Homeland Security secretary Janet Napolitano on Tuesday paid homage to the police victims of the 2008 Mumbai attacks as she began a four-day visit to India to boost counter-terrorism ties. Napolitano placed a ceremonial wreath and stood head bowed in s
Published 25 May, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 24, 2011).

Published 25 May, 2011 12:00am
Acquisition of Agritech: IHC dismisses FFCL petition

Acquisition of Agritech: IHC dismisses FFCL petition

Islamabad High Court (IHC) has dismissed writ petition filed by Fauji Fertiliser Company Limited (FFCL) against the conditional approval granted by the Competition Commission of Pakistan (CCP) to it for the acquisition of Agritech. It is learnt on Tuesday
Published 25 May, 2011 12:00am
Acquisition of Agritech: IHC dismisses FFCL petition

Acquisition of Agritech: IHC dismisses FFCL petition

Islamabad High Court (IHC) has dismissed writ petition filed by Fauji Fertiliser Company Limited (FFCL) against the conditional approval granted by the Competition Commission of Pakistan (CCP) to it for the acquisition of Agritech. It is learnt on Tuesday
Published 25 May, 2011 12:00am
Acquisition of Agritech: IHC dismisses FFCL petition

Acquisition of Agritech: IHC dismisses FFCL petition

Islamabad High Court (IHC) has dismissed writ petition filed by Fauji Fertiliser Company Limited (FFCL) against the conditional approval granted by the Competition Commission of Pakistan (CCP) to it for the acquisition of Agritech. It is learnt on Tuesday
Published 25 May, 2011 12:00am
Workers stage sit-in for increase in minimum wage

Workers stage sit-in for increase in minimum wage

Workers belonging to various labour unions staged a sit-in in front of Punjab Assembly on the Mall road under the banner of Labour Party of Pakistan (LPP) to press their demands for 100 percent increase in minim wage and better working conditions.
Published 25 May, 2011 12:00am
Two bodies recovered; man commits suicide

Two bodies recovered; man commits suicide

Three people including a woman were killed in separate incidents in different areas of the metropolis here on Tuesday. According to details, two bodies, of a woman and a boy, were found near Walika Hospital in the limits of Site A police station. Police s
Published 25 May, 2011 12:00am
Bullet riddled bodies found

Bullet riddled bodies found

Levies Force recovered two bullet-riddled bodies on Tuesday from Marghab area of Turbat district, Levies Force said. Acting on a tip off, Levies Force found two decomposed bodies of the persons kidnapped 10 days ago from Panjgure area. They were identifie
Published 25 May, 2011 12:00am
BoP loan fraud case: LHC rejects bail plea of Hamesh, Shaikh Afzal

BoP loan fraud case: LHC rejects bail plea of Hamesh, Shaikh Afzal

The Lahore High Court (LHC) on Tuesday rejected the bail plea of Hamesh Khan, former president Bank of Punjab (BoP), and Sheikh Afzal of Haris Steel Mill, in the Rs 9 billion BoP fraud case. An LHC division bench headed by Chief Justice Ijaz Ahmad Chaudhr
Published 25 May, 2011 12:00am
THE RUPEE: dollar falls further

THE RUPEE: dollar falls further

The rupee showed further improvement against dollar on the currency market on Tuesday in process of trading, experts said. As a result of intervention by the State Bank of Pakistan (SBP), the rupee posted fresh gain of 24 paisa versus the US currency for
Published 25 May, 2011 12:00am
CBF launch event a step in raising awareness of Commonwealth

CBF launch event a step in raising awareness of Commonwealth

The Common-wealth is the largest grouping of countries after the United Nations. It brings together 54 countries, spanning 6 continents with a third of the world's population - 2 billion people. Some of the fastest growing economies in the world are part
Published 25 May, 2011 12:00am
THE RUPEE: dollar falls further

THE RUPEE: dollar falls further

The rupee showed further improvement against dollar on the currency market on Tuesday in process of trading, experts said. As a result of intervention by the State Bank of Pakistan (SBP), the rupee posted fresh gain of 24 paisa versus the US currency for
Published 25 May, 2011 12:00am
'Nokia No 1 brand in Pakistan'

'Nokia No 1 brand in Pakistan'

Consumers have declared Nokia as Pakistan's most loved and admired brand across all 11 categories. This was revealed in an exclusive Top-10 brands report compiled by Nielsen in partnership with Campaign, offering insights into Pakistan's consumer-base.
Published 25 May, 2011 12:00am
40 percent minibuses converted to CNG

40 percent minibuses converted to CNG

Around 40 percent of all pubic transport minibuses operating in the city have been converted to Compressed Natural Gas (CNG). There are more than 20,810 registered buses and minibuses operating in the city. Recently, some companies have introduced a new t
Published 25 May, 2011 12:00am
Prime Minister visits PNS Shifa, enquires after health of attack victims

Prime Minister visits PNS Shifa, enquires after health of attack victims

Prime Minister Syed Yousuf Raza Gilani Tuesday visited PNS Shifa and enquired about the health of the injured of terrorist attack on air base of Pakistan Navy at PNS Mehran. He met all the injured one by one admitted in the general and surgical ward and I
Published 25 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 24, 2011).

Published 25 May, 2011 12:00am
Al Meezan announces fourth interim dividend pay-out for its funds

Al Meezan announces fourth interim dividend pay-out for its funds

Al Meezan Investment Management Limited (Al Meezan) is pleased to announce Fourth Interim dividend pay-out for its three funds; Meezan Islamic Income Fund (MIIF) - Rs 1.00 per unit, Meezan Sovereign Fund (MSF) - Rs 0.88 per unit and Meezan Cash Fund (MCF)
Published 25 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 24, 2011).

Published 25 May, 2011 12:00am
Al Meezan announces fourth interim dividend pay-out for its funds

Al Meezan announces fourth interim dividend pay-out for its funds

Al Meezan Investment Management Limited (Al Meezan) is pleased to announce Fourth Interim dividend pay-out for its three funds; Meezan Islamic Income Fund (MIIF) - Rs 1.00 per unit, Meezan Sovereign Fund (MSF) - Rs 0.88 per unit and Meezan Cash Fund (MCF)
Published 25 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 Tuesday (May 24, 2011).

Published 25 May, 2011 12:00am
At US trial, Pakistan links to Mumbai attacks examined

At US trial, Pakistan links to Mumbai attacks examined

An American who has admitted scouting targets for the 2008 assault on Mumbai by Pakistani militants testified on Monday that the plot was hatched with at least one Pakistani intelligence official and a navy frogman. At a trial for a Chicago businessman ac
Published 25 May, 2011 12:00am
BAC reply sought in petition against Border Area Regulation

BAC reply sought in petition against Border Area Regulation

A division bench of the Lahore High Court here on Tuesday sought reply from Border Area Committee (BAC) within fortnight in a petition challenging the condition no 11 of the Border Area Regulation 1959. Under the condition, no land could be sold within fi
Published 25 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 24, 2011).

Published 25 May, 2011 12:00am
Pakistan, Switzerland agree to boost trade ties

Pakistan, Switzerland agree to boost trade ties

Deputy Head of Switzerland Mission in Pakistan, Nicolas Plattner said on Tuesday that economic ties between Switzerland and Pakistan are built on solid grounds and measures would be taken to further strengthen the same.
Published 25 May, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (May 24, 2011) and for Wednesday (May 25, 2011).
Published 25 May, 2011 12:00am
Punjab University holds presentation on Spanish language, culture

Punjab University holds presentation on Spanish language, culture

Punjab University Director External Linkages Maria Maldonado arranged a presentation on "Spain, Language and Culture" at the Department of English here on Tuesday. The ceremony began with Spanish national anthem. Addressing the ceremony, Vice-Chancellor D
Published 25 May, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 24, 2011).

Published 25 May, 2011 12:00am
'Government will provide healthcare to labourers'

'Government will provide healthcare to labourers'

Punjab Labour Minister, Haji Ehsaan-ud-Din Qureshi has said that government will provide state of the art health care facilities to the labourers and new social security hospitals will be set up and existing hospitals updated. He told that during next fin
Published 25 May, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 25 May, 2011 12:00am
Power shortfall recorded at 2,300 megawatts

Power shortfall recorded at 2,300 megawatts

Power shortage dwindled at 2,300MW after a mild swing in the weather during last few days, reducing from abnormal level of 6,000MW. According to the Pepco daily brief, power generation stood at 13762MW against a demand of 16032MW, leaving the system with
Published 25 May, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 25 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 24, 2011).

Published 25 May, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (May 24, 2011) and the forecast for Wednesday (May 25, 2011).

Published 25 May, 2011 12:00am
Weeks after bin Laden's death, more questions than answers

Weeks after bin Laden's death, more questions than answers

When President Barack Obama telephoned Pakistan's president to tell him US forces had found and killed Osama bin Laden, he offered him a choice. Pakistan could say it had helped find bin Laden or that it knew nothing. President Asif Ali Zardari chose the
Published 25 May, 2011 12:00am
Capital police nab nine dacoits

Capital police nab nine dacoits

Capital Police have busted two dacoit gangs and nabbed nine gangsters hailing from Afghanistan who were involved in dozens of incidents of dacoities in the city and also recovered looted items as well as weapons from their possession, said Naeem Iqbal, sp
Published 25 May, 2011 12:00am
'$2.4 million' bill to guard Mumbai attacks gunman

'$2.4 million' bill to guard Mumbai attacks gunman

An Indian state government has received a bill for nearly $2.4 million to cover the cost of guarding the only surviving gunman from the deadly 2008 Mumbai attacks, a report said on Tuesday. The Indo-Tibetan Border Police has sent a bill for 109 million ru
Published 25 May, 2011 12:00am
'$2.4 million' bill to guard Mumbai attacks gunman

'$2.4 million' bill to guard Mumbai attacks gunman

An Indian state government has received a bill for nearly $2.4 million to cover the cost of guarding the only surviving gunman from the deadly 2008 Mumbai attacks, a report said on Tuesday. The Indo-Tibetan Border Police has sent a bill for 109 million ru
Published 25 May, 2011 12:00am
Petition against US Ambassador: LHC issues notice to federal government

Petition against US Ambassador: LHC issues notice to federal government

The Lahore High Court here Tuesday issued notice to federal government in a petition seeking to declare US ambassador in Pakistan as persona-non-grata and stop transit facilities to US till it did not apologies on Abbotabad operation. The court directed d
Published 25 May, 2011 12:00am
Residents demand pedestrian bridges for safety

Residents demand pedestrian bridges for safety

Billions of rupees have been spent in the capital on the construction of new avenues and highways to facilitate smooth traffic flow but little attention is being paid to the safety of pedestrians by erecting overhead bridges at the busy roads.
Published 25 May, 2011 12:00am
AGP detects Rs 137.185 million irregularities in Zakat Council

AGP detects Rs 137.185 million irregularities in Zakat Council

The Auditor General of Pakistan (AGP) has detected irregularities amounting to Rs 137.185 million in Zakat Fund. The AGP audit report for the year 2010-11 of the accounts of Central Zakat Fund (CZF), observed that despite availability of a number of Musta
Published 25 May, 2011 12:00am
Wapda's claim on per unit cost of hydel power rejected

Wapda's claim on per unit cost of hydel power rejected

Wapda's claim on per unit cost of electricity through hydel generation is rejected, as the independent power sector circles said the average per unit cost of hydel generation is Rs 1.18 against Wapda's claim of Rs 1.05. Interestingly, added the sources, t
Published 25 May, 2011 12:00am
Gilani grieved over death of Hakim Ali Zardari

Gilani grieved over death of Hakim Ali Zardari

Prime Minister Syed Yousuf Raza Gilani on Tuesday expressed deep grief over the death of Hakim Ali Zardari, seasoned politician and father of President Asif Ali Zardari. The Prime Minister termed the passing away of late Hakim Zardari, as a great loss for
Published 25 May, 2011 12:00am
Business community grieved

Business community grieved

Siraj Kassam Teli, Chairman Businessmen Group (BMG) and former President of Karachi Chamber of Commerce & Industry (KCCI).
Published 25 May, 2011 12:00am
Munter condoles death

Munter condoles death

US Ambassador Cameron Munter offered condolences to President Asif Ali Zardari on the death of his father, says a press release issued here on Tuesday. "I am saddened by the death of Hakim Ali Zardari," said Ambassador Munter. "On behalf of the United Sta
Published 25 May, 2011 12:00am
Shahbaz condoles death

Shahbaz condoles death

Punjab Chief Minister Muhammad Shahbaz Sharif according to message of DGPR received here on Tuesday has expressed deep sense .of grief and sorrow over the sad demise of Hakim Ali Zardari, father of President Asif Ali Zardari. In a condolence message, the
Published 25 May, 2011 12:00am
PPP Punjab expresses grief

PPP Punjab expresses grief

The Executive Committee of PPP Punjab on Tuesday expressed deep grief and sorrow over the sad demise of Hakim Ali Zardari, father of President Asif Ali Zardari and said Pakistan has lost a seasoned politician. President PPP Punjab, Imtiaz Safdar Warraich
Published 25 May, 2011 12:00am
Farzana condoles demise

Farzana condoles demise

Chairperson Benazir Income Support Programme (BISP), Farzana Raja, has expressed heartfelt condolence and sorrow on the sad demise of Hakim Ali Zardari, father of the President Asif Ali Zardari and offered special prayers for the departed soul.The Chairpe
Published 25 May, 2011 12:00am
Attack on PNS Mehran Airbase: Pakistan Navy lodges FIR

Attack on PNS Mehran Airbase: Pakistan Navy lodges FIR

Pakistan Navy on Tuesday lodged an FIR over the attack on PNS Mehran Airbase that claimed 10 security personnel lives and wounded 15 others. A case 447/11 was registered by Sharea Faisal police station under sections 302, 324, 427, 353, 121/34 of Pakistan
Published 25 May, 2011 12:00am
'Slain Chechens were pilgrims'

'Slain Chechens were pilgrims'

Chechen nationals killed in alleged police encounter at Kharotabad in the vicinity of Quetta were pilgrims and travelling to visit holy places in Iran. Quoting sources, a private television channel reported that the Chechens were travelling via Afghanista
Published 25 May, 2011 12:00am
Eight Pakistani peacekeepers to be conferred UN awards

Eight Pakistani peacekeepers to be conferred UN awards

The United Nations is set to honour, at a solemn ceremony on Friday, the sacrifices of 99 peacekeepers, including eight Pakistanis, who paid the ultimate price in serving the cause of peace in hot spots around the world. Officials said the ceremony markin
Published 25 May, 2011 12:00am
Call to build water reservoirs on war footing

Call to build water reservoirs on war footing

Most of the Pakistanis depends on water for their livelihood as Pakistan being an agrarian economy and global warming at the present rate should serve an alarm bell for putting the house in order before it is too late. We need small/large water reservoirs
Published 25 May, 2011 12:00am
Draft legislation on environment under preparation

Draft legislation on environment under preparation

Sindh Environment and Alternate Energy department is working on making drafts of new legislation regarding environmental issues which would be tabled in Sindh assembly after the devolution of Federal ministry of Environment.
Published 25 May, 2011 12:00am
PNS Mehran attack: Lieutenant Yasir laid to rest

PNS Mehran attack: Lieutenant Yasir laid to rest

Lieutenant Syed Yasir Abbas Naqvi only son of colonel syed Jaffar Abbas, who was martyred in PNS Mehran attack, was laid to rest in Askari 10 graveyard here on Tuesday. Punjab Governor Latif Khosa, Deputy Speaker Punjab Assembly Ran Mashood, Corps Command
Published 25 May, 2011 12:00am
Martyred Navy official laid to rest in Kabirwala

Martyred Navy official laid to rest in Kabirwala

Navy official, Mohammad Saleem Saqib, under-water technician, who embraced martyrdom at PNS Mehran Navel base Karachi was laid to rest in Kabirwala on Tuesday. A large number of people joined the funeral prayer of the brave technician who lost his life in
Published 25 May, 2011 12:00am
'Attack on PNS Mehran can't deter Pakistan'

'Attack on PNS Mehran can't deter Pakistan'

Prominent analyst Vice Admiral Syed Iqtedar Hussain Shah (Retd) strongly condemned Naval Base attack and said such act of terrorism cannot deter Pakistan. Talking to Radio Pakistan on Tuesday, he said PNS Mehran was very important naval base of Pakistan w
Published 25 May, 2011 12:00am
Senate body concerned over increasing corruption in PIA

Senate body concerned over increasing corruption in PIA

Senate Standing Committee on Interior expressed displeasure over increase in corruption in Pakistan International Airlines (PIA), which are instrumental to increasing losses in the Airline.
Published 25 May, 2011 12:00am
Raise in tax on banking sector opposed

Raise in tax on banking sector opposed

While the banking circles are preparing proposals, including reducing current rate of taxation from 35 percent as promised by the government to attract huge foreign investment in this sector, the proposal of increasing tax rates has dismayed banking exper
Published 25 May, 2011 12:00am
KESC workers accused of stealing copper wire

KESC workers accused of stealing copper wire

The copper wire owned by Karachi Electric Supply Company is being stolen by its workers on daily basis inflicting a loss of millions of rupees to the company, Business Recorder learnt on Tuesday. Sources said that the workers outsourced by KESC wer
Published 25 May, 2011 12:00am
'Road safety education imparted to 0.2 million people'

'Road safety education imparted to 0.2 million people'

Islamabad Traffic Police, through its road education campaign, has given information to more than 0.2 million people about road safety rules and regulations during the current year to establish a disciplined traffic system in the federal capital, said Sen
Published 25 May, 2011 12:00am
Perilous diseases: CoAS interacts with suffering children

Perilous diseases: CoAS interacts with suffering children

Chief of Army Staff, General Ashfaq Parvez Kayani interacted with six children suffering from perilous diseases like blood cancer and Thalassemia at General Headquarters, here on Tuesday. Earlier, on their request, COAS had approved enrolment of these chi
Published 25 May, 2011 12:00am
Volcanic ash in Iceland: PIA activates 'Emergency Response Centre'

Volcanic ash in Iceland: PIA activates 'Emergency Response Centre'

PIA spokesperson has said that PIA is closely monitoring the situation created due to the eruption of volcanic ash in Iceland. As per the management's directives, Emergency Response Centre has been activated round the clock from 24th May 2011. For any ass
Published 25 May, 2011 12:00am
PSO receives KSE Top Companies Award

PSO receives KSE Top Companies Award

Pakistan State Oil (PSO) achieved yet another landmark in its 35 year history, when it was honoured for its excellent performance at the prestigious KSE Top Companies Award ceremony. The awards were distributed by the President of Pakistan, Asif Ali Zarda
Published 25 May, 2011 12:00am
PPL again clinches KSE's award

PPL again clinches KSE's award

Pakistan Petroleum Limited (PPL) achieved another milestone by featuring among Karachi Stock Exchange's (KSE) 'Top 25 Companies' for the fourth consecutive year for 2009. According to a press release issued here on Tuesday, the Managing Director and Chief
Published 25 May, 2011 12:00am
Condolence

Condolence

Minister of Defence and Chairman PIA, Ahmad Mukhtar, Managing Director PIA Nadeem Khan Yousafzai and Members of Board of Directors have expressed condolences over the sad demise of Hakim Ali Zardari, the father of President of Pakistan. Paying tributes, t
Published 25 May, 2011 12:00am
Sindh education department body recommendations not accepted

Sindh education department body recommendations not accepted

Sindh Education Department's steering committee has been proved powerless as its recommendations regarding education system have not been accepted by the competent authorities, it is learnt. The steering committee is headed by the Minister for Education w
Published 25 May, 2011 12:00am
Barkat Islamic Banking, Faysal Bank, PKTCL sign MoU

Barkat Islamic Banking, Faysal Bank, PKTCL sign MoU

Barkat Islamic Banking, Faysal Bank and Pak Kuwait Takaful Company (PKTCL) signed an MoU for Accidental Death Takaful on Faysal Barkat Mortgage portfolio recently. Faysal Bank launched Barkat Islamic Banking in 2009 with one branch and has rapidly expande
Published 25 May, 2011 12:00am
Sindh Assembly enacted law to promote Sindhi language, SHC told

Sindh Assembly enacted law to promote Sindhi language, SHC told

Sindh High Court was informed on Tuesday by Additional Advocate General(AAG) Sarwar Khan that Sindh Assembly had enacted Sindh (Teaching, promotion and use of Sindhi Language) (Application) Act 1972 to protect provincial language in the province.
Published 25 May, 2011 12:00am
'EU trade package has become a laughing stock'

'EU trade package has become a laughing stock'

The Chairman of Pakistan Denim Manufacturers and Exporters Association (PDMEA), Shahid Soorty, said that the European Commission earned lot of goodwill by announcing a special concession package last October to support Pakistan's economy in the wake of de
Published 25 May, 2011 12:00am
IMC unveils new Corolla Altis, GLi Automatic

IMC unveils new Corolla Altis, GLi Automatic

Indus Motor Company (IMC) unveiled the new 2011 Corolla Altis and GLI Automatic (AT) on May 23. For the first time in Pakistan, Toyota Corolla Altis has been introduced with a Dual VVTI engine with an Eco-Meter which allows its driver to monitor the fuel
Published 25 May, 2011 12:00am
Government mulling setting up new SEZ in Sindh

Government mulling setting up new SEZ in Sindh

Federal Government is considering a proposal for establishing a new Japan Specific Special Economic Zone (SEZ) in Sindh for the facilitation of Japanese investors. The proposal was discussed during a meeting between Chairman BOI Saleem Mandviwalla and Amb
Published 25 May, 2011 12:00am
Summer vacations: lack of consensus irks students, parents

Summer vacations: lack of consensus irks students, parents

Lack of consensus among the high-ups of the Sindh government on observing summer vacations especially in schools has bothered managements of private school as well as students and their parents belonging to metropolis, Business Recorder learnt on T
Published 25 May, 2011 12:00am
ACCA organises forum on board diversity

ACCA organises forum on board diversity

ACCA Pakistan organised discussion forum 'Board Diversity: is gender the missing link?' on 24 May 2011 in Karachi as gender diversity on boards has become an international discussion theme.
Published 25 May, 2011 12:00am
Palpa greets air traffic controllers

Palpa greets air traffic controllers

Pakistan Airline Pilots' Association (Palpa) congratulates Pakistan Air Traffic Controller Guild (PATCG) on its affiliation with the International Federation of Air Traffic Controller Association (IFATCA). "Flight safety can only be ensured when pilots an
Published 25 May, 2011 12:00am
LCCI urges government to withdraw SRO 448(1)2011

LCCI urges government to withdraw SRO 448(1)2011

The Lahore Chamber of Commerce and Industry (LCCI), while taking a strong exception to the issuance of SRO 448(1)2011 whereby the government has withdrawn sales tax exemption on import of machinery and demanded of the government to withdraw the SRO in the
Published 25 May, 2011 12:00am
Scattered rains forecast for next three days

Scattered rains forecast for next three days

Pakistan Meteorological Department has on Tuesday forecast scattered rains with dust/thundershower in the country during next three days. The met office said weather system of light to moderate intensity is expected to grip upper and central parts of Paki
Published 25 May, 2011 12:00am
SSGC recovers Rs 194 million dues

SSGC recovers Rs 194 million dues

SSGC has so far recovered Rs 194 million from its defaulting consumers under the recovery campaign launched on the special directives of Minister for Petroleum and Natural Resources Dr Asim Hussain. The current efforts will continue through the coming wee
Published 25 May, 2011 12:00am
Seeds and pesticides: local companies' monopoly affects cotton yield

Seeds and pesticides: local companies' monopoly affects cotton yield

Local cottonseed and pesticides companies have got monopoly as they have barred import and introduction of internationally certified cottonseeds, to promote poor quality locally produced seeds. Well-placed sources told Business Recorder on Tuesday
Published 25 May, 2011 12:00am
Pakistan Emirates Telecom, PTCL open franchise at Makro Saddar

Pakistan Emirates Telecom, PTCL open franchise at Makro Saddar

Pak Emirates Telecom & Wireless, in collaboration with PTCL, have inaugurated their first franchise outlet at Makro Saddar. The collaboration will offer various sales and branding opportunities to telecom customers. Pak Emirates Telecom & Wireless has ent
Published 25 May, 2011 12:00am
'UVAS playing pivotal role in livestock sector's uplift'

'UVAS playing pivotal role in livestock sector's uplift'

Livestock and Dairy Development Secretary, Hamid Yaqoob Sheikh has said that University and Veterinary and Animal Sciences (UVAS) is playing its pivotal role for uplifting the livestock sector as well as contributing to national economy. He was talking to
Published 25 May, 2011 12:00am
KESC concerned over continuing attacks by miscreants

KESC concerned over continuing attacks by miscreants

The Karachi Electric Supply Company has expressed great concern over the continuing attacks on the utility's employees, supply system and assets which blocked normal functioning and delayed the repair of local faults thereby causing issues for the general
Published 25 May, 2011 12:00am
ICMAP marks 60th 'Management Accountants Day'

ICMAP marks 60th 'Management Accountants Day'

A ceremony was held to celebrate the 60th 'Management Accountants Day' here at ICMAP centre. On the occasion, Muhammad Iqbal Ghori FCMA urged public and private sector to induct management accountants in lieu of conventional accountants. Only Management A
Published 25 May, 2011 12:00am
Punjab wheat exporters in trouble Sindh Food Department extorting money

Punjab wheat exporters in trouble Sindh Food Department extorting money

Punjab wheat exporters are facing serious problems as officials of Sindh Food Department are said to be extorting money from wheat-laden trucks entering the province. Sources accuse the officials of Sindh Food Department of collecting extortion from expor
Published 25 May, 2011 12:00am
Pakistani artists' exhibition in Singapore concludes

Pakistani artists' exhibition in Singapore concludes

Group exhibition of selected artwork of 13 Pakistani artists for charity ended in Singapore after running for a week quite successfully and attracting good number of art lovers. According to the information received here Tuesday, a record number of 56 out
Published 25 May, 2011 12:00am
Punjab government releases Rs 250 million to PLDDB

Punjab government releases Rs 250 million to PLDDB

The Punjab government has released Rs 250 million to the Punjab Livestock and Dairy Development Board (PLDDB) to initiate projects aimed at making this sector an industry of minimum 5 billion dollars in a phased programme stretched over a period of 10 yea
Published 25 May, 2011 12:00am
Monetary policy stance

Monetary policy stance

As widely anticipated, that State Bank of Pakistan (SBP) has again decided to keep the policy rate unchanged at 14 percent for the next two months.
Published 25 May, 2011 12:00am
Mulla Omar's whereabouts

Mulla Omar's whereabouts

Where are you, Mullah Omar? Are you dead or living? If killed, were you then in Pakistan or Afghanistan? And if you speak please tell us who killed you? He should be able to answer these questions because the reports about his demise emanated from Kabul,
Published 25 May, 2011 12:00am
Time for a rational assessment

Time for a rational assessment

It remains to be seen if the joint resolution passed in Parliament's in-camera session will have any impact on correcting the strategic and tactical fault lines that culminated in the capture and execution of Osama bin Laden on Pakistan soil. No doubt tha
Published 25 May, 2011 12:00am
Reforms in tax laws - I

Reforms in tax laws - I

National sovereignty and self-dependence is the foremost requirement of our country. We as a nation have to take such steps which may ensure our sustainable development based on the indigenous resources. If our national/provincial assembly members and bus
Published 25 May, 2011 12:00am
G8 summit crunch-time for Lagarde's IMF hopes

G8 summit crunch-time for Lagarde's IMF hopes

European diplomats insist it is not "formally" on the agenda. But it is hard to imagine that Group of Eight (G8) summit in France this week can skirt around the question of who should lead the International Monetary Fund (IMF) after Dominique Strauss-Kahn
Published 25 May, 2011 12:00am
Previous Day