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Archive - 2011-07-02
Gold further plunges to Rs41,442
Top News

Gold further plunges to Rs41,442

KARACHI: Gold further plunged by Rs 300 to Rs 41,442 per 10 grams in local bullion market Saturday, as its international
Published 02 Jul, 2011 05:39pm
Treasures found in Indian temple
Asia

Treasures found in Indian temple

THIRUVANANTHAPURAM: A treasure trove of gold and silver jewelry, coins and precious stones said to be worth billions
Published 02 Jul, 2011 04:17pm
Vatican finance seems back
Europe

Vatican finance seems back

VATICAN CITY : The Vatican came out of the red to post a profit of almost ten million euros ($14.5 million) last year,
Published 02 Jul, 2011 03:58pm
Bangladesh gets to export halal food
Top News

Bangladesh gets to export halal food

DHAKA : Bangladesh will soon start exporting halal food after Malaysia 's Department of Islamic Development approved
Published 02 Jul, 2011 02:21pm
Animation pioneer Pixar marks
Arts

Animation pioneer Pixar marks

CALIFORNIA: Pixar, a pioneer of computer animation that has made a dozen profitable feature films and become one of the
Published 02 Jul, 2011 01:16pm
CJ IHC visits Adiala Jail
Top News

CJ IHC visits Adiala Jail

RAWALPINDI: Chief Justice, Islamabad High Court (IHC), Iqbal Hameed-ur-Rehman along with IHC Judges, District and Sessio
Published 02 Jul, 2011 12:44pm
Mukund shows courage under fire
Cricket

Mukund shows courage under fire

BRIDGETOWN : Abhinav Mukund acknowledged that he had a rough initiation into the international arena, but he has relishe
Published 02 Jul, 2011 11:52am
28 killed in Syria Friday: rights group
Top News

28 killed in Syria Friday: rights group

NICOSIA : Syrian security forces killed 28 civilians as more than half a million people rallied on Friday for the ouster
Published 02 Jul, 2011 08:24am
Pakistan June CPI up 13.13pc yr/yr
Top News

Pakistan June CPI up 13.13pc yr/yr

ISLAMABAD : Pakistan's consumer price index (CPI) rose 13.13 percent in June from a year ago, the Federal Bureau of Stat
Published 02 Jul, 2011 07:34am
Spain and France car sales continue to tumble

Spain and France car sales continue to tumble

Spanish car sales marked a full year of decline in June with little sign of any imminent recovery, while French sales also fell as the end of car scrappage incentive schemes weighed. Spanish car makers association ANFAC said that sales fell 31.4 percent i
Published 02 Jul, 2011 12:00am
Kenya's first quarter growth affected by poor weather

Kenya's first quarter growth affected by poor weather

Kenya's economy grew by 4.9 percent year-on-year in first quarter 2011 from 4.3 percent in the same period in 2010, but drought and high energy costs stifled slowed output and fuelled a spike in inflation, the Kenya National Bureau of Statistics said on T
Published 02 Jul, 2011 12:00am
Standard and Poor's warns of Italy 'risks' despite austerity

Standard and Poor's warns of Italy 'risks' despite austerity

Ratings agency Standard and Poor's on Friday warned that moves by Italy to correct its public finances faced "risks", a day after the government's adoption of a 47-billion-euro austerity plan. "Despite these measures, however, we believe substantial downs
Published 02 Jul, 2011 12:00am
Rates inert on grain market

Rates inert on grain market

Commodity items maintained the overnight rates on the wholesale grain and seed market on Friday as participants, as usual were busy in preparations for Juma prayers, grain and seed merchants group' press release said.
Published 02 Jul, 2011 12:00am
Live programme: 80 percent of PPP manifesto implemented, says Gilani

Live programme: 80 percent of PPP manifesto implemented, says Gilani

Prime Min-ister Yousuf Raza Gilani on Friday said that during the next two years the elected government of Pakistan People's Party would utilise all its resources to provide maximum relief to the common man to fulfil its promises made in the last election
Published 02 Jul, 2011 12:00am
Higher yield perception causes sharp fall in spot rate on cotton market

Higher yield perception causes sharp fall in spot rate on cotton market

The official spot rate was slashed sharply on the cotton market on Friday on rising anticipations of higher cotton production in the coming season, dealers said. The Karachi Cotton Association (KCA) official spot rate was cut drastically by Rs 250 to Rs 8
Published 02 Jul, 2011 12:00am
Live programme: 80 percent of PPP manifesto implemented, says Gilani

Live programme: 80 percent of PPP manifesto implemented, says Gilani

Prime Min-ister Yousuf Raza Gilani on Friday said that during the next two years the elected government of Pakistan People's Party would utilise all its resources to provide maximum relief to the common man to fulfil its promises made in the last election
Published 02 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 136,292 tonnes of cargo including 89,216 tonnes of import cargo, 47,076 tonnes of export cargo and 5,678 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 89,216 tonnes compris
Published 02 Jul, 2011 12:00am
NICL scam probe: Supreme Court suspends transfer of FIA ADG

NICL scam probe: Supreme Court suspends transfer of FIA ADG

The Supreme Court on Friday suspended the transfer of Additional Director General (ADG) Federal Investigation Agency (FIA) Captain Zafar Qureshi (Retd) who was lead officer of the team constituted to investigate National Insurance Company Limited (NICL) m
Published 02 Jul, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures dove on Thursday after a bearish US Department of Agriculture report, and the nearby contract posted its first quarterly loss in five quarters. July canola notched a 1.8 percent weekly loss, 5 percent monthly loss, a quarterly
Published 02 Jul, 2011 12:00am
NICL scam probe: Supreme Court suspends transfer of FIA ADG

NICL scam probe: Supreme Court suspends transfer of FIA ADG

The Supreme Court on Friday suspended the transfer of Additional Director General (ADG) Federal Investigation Agency (FIA) Captain Zafar Qureshi (Retd) who was lead officer of the team constituted to investigate National Insurance Company Limited (NICL) m
Published 02 Jul, 2011 12:00am
Russian grain exports restart slowly after lifting of ban

Russian grain exports restart slowly after lifting of ban

Russian grain exports face a slow restart after a ban is lifted on Friday as main buyers are in no rush to purchase, although shipments may pick up later in the season, a powerful grain lobby said on Thursday. Russia, previously the third-largest wheat ex
Published 02 Jul, 2011 12:00am
Afghan general resigns over Pakistan shelling

Afghan general resigns over Pakistan shelling

A barrage of 40 rockets was fired into eastern Afghanistan from Pakistan on Friday, a senior official said, as the top border police commander for the region offered his resignation over the government's response to weeks of attacks. General Aminullah Ama
Published 02 Jul, 2011 12:00am
Message from President of Pakistan

Message from President of Pakistan

Yet another promise of Shaheed Zulfiqar Ali Bhutto stands fulfilled today. All promises made by Zulfiqar Ali Bhutto have been fulfilled. Today the PPP is translating into a reality that vision of Zulfiqar Ali Bhutto which is known as provincial autonomy i
Published 02 Jul, 2011 12:00am
Afghan general resigns over Pakistan shelling

Afghan general resigns over Pakistan shelling

A barrage of 40 rockets was fired into eastern Afghanistan from Pakistan on Friday, a senior official said, as the top border police commander for the region offered his resignation over the government's response to weeks of attacks. General Aminullah Ama
Published 02 Jul, 2011 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

Today, the 'Provincial Autonomy Day' is being celebrated across the country with zeal and zest. It is indeed an historic day, which will be chronicled in the national history in golden words. We are grateful to Allah Almighty for enabling us to resolve is
Published 02 Jul, 2011 12:00am
Nepra ups KESC tariff by Rs 2.3 per unit

Nepra ups KESC tariff by Rs 2.3 per unit

National Electric Power Regulatory Authority (Nepra) has increased Karachi Electric Supply Company (KESC) tariff by Rs 2.30 per unit across-the-board on the basis of three tariff adjustments. According to quarterly tariff determination, tariff for January
Published 02 Jul, 2011 12:00am
Message from Federal Minister for Information & Broadcasting

Message from Federal Minister for Information & Broadcasting

1st of July has assumed double significance in the history of Pakistan. On the 1st of July 1948 the Quaid-e-Azam had inaugurated the State Bank of Pakistan and had thus taken a solid step for the economic stability of the country and today ie on the 1st o
Published 02 Jul, 2011 12:00am
Nepra ups KESC tariff by Rs 2.3 per unit

Nepra ups KESC tariff by Rs 2.3 per unit

National Electric Power Regulatory Authority (Nepra) has increased Karachi Electric Supply Company (KESC) tariff by Rs 2.30 per unit across-the-board on the basis of three tariff adjustments. According to quarterly tariff determination, tariff for January
Published 02 Jul, 2011 12:00am
Message from Mian Raza Rabbani

Message from Mian Raza Rabbani

There is no gainsaying the fact that the grant of provincial autonomy to the provinces is the singular achievement of the PPP. It is a matter of satisfaction for us that by the grace of GOD, the almighty, we have lived upto the expectations of the elector
Published 02 Jul, 2011 12:00am
Nepra ups KESC tariff by Rs 2.3 per unit

Nepra ups KESC tariff by Rs 2.3 per unit

National Electric Power Regulatory Authority (Nepra) has increased Karachi Electric Supply Company (KESC) tariff by Rs 2.30 per unit across-the-board on the basis of three tariff adjustments. According to quarterly tariff determination, tariff for January
Published 02 Jul, 2011 12:00am
Fulfilling Vision of the Quaid

Fulfilling Vision of the Quaid

The emergence of Pakistan on the world map, on the basis of an ideology was an unparalleled event of the twentieth century. It is, however, a pity that the man who made this possible could not live long to consolidate the gains of independence and turn Pa
Published 02 Jul, 2011 12:00am
As on June 30, 2010: SSGCL trade debt rose to Rs 43.82 billion: AGP

As on June 30, 2010: SSGCL trade debt rose to Rs 43.82 billion: AGP

The trade debt of Sui Southern Gas Company Limited (SSGCL) has increased to Rs 43.82 billion as on June 30, 2010 from Rs 32.75 billion as on June 30, 2009, reflecting a 29.45 percent increase, the Audit Report 2010-11 revealed. The Audit Report 2010-11 of
Published 02 Jul, 2011 12:00am
Devolution - Fulfilment of Constitution

Devolution - Fulfilment of Constitution

The eighteenth amendment in the constitution was passed by the parliament last year April 2010 and since then the implementation commission was working overtime to complete the devolution process of ministries to the provinces. Now as the process has been
Published 02 Jul, 2011 12:00am
As on June 30, 2010: SSGCL trade debt rose to Rs 43.82 billion: AGP

As on June 30, 2010: SSGCL trade debt rose to Rs 43.82 billion: AGP

The trade debt of Sui Southern Gas Company Limited (SSGCL) has increased to Rs 43.82 billion as on June 30, 2010 from Rs 32.75 billion as on June 30, 2009, reflecting a 29.45 percent increase, the Audit Report 2010-11 revealed. The Audit Report 2010-11 of
Published 02 Jul, 2011 12:00am
KARACHI CHRONICLE: Murder of merriment

KARACHI CHRONICLE: Murder of merriment

If the grandson of the late Nawab Akbar Bugti had not lost his life in an armed clash at a dance party last weekend, the incident would have been virtually ignored by the news media and would have figured only in a paragraph of the crime reporter's daily
Published 02 Jul, 2011 12:00am
As on June 30, 2010: SSGCL trade debt rose to Rs 43.82 billion: AGP

As on June 30, 2010: SSGCL trade debt rose to Rs 43.82 billion: AGP

The trade debt of Sui Southern Gas Company Limited (SSGCL) has increased to Rs 43.82 billion as on June 30, 2010 from Rs 32.75 billion as on June 30, 2009, reflecting a 29.45 percent increase, the Audit Report 2010-11 revealed. The Audit Report 2010-11 of
Published 02 Jul, 2011 12:00am
ART FACTS: Calligraphy with veneration

ART FACTS: Calligraphy with veneration

Calligraphic art creates an invisible link to the spiritual world. Calligraphy represents the first step toward learning of history of a religion and a culture and Nasim Nasho Fauz through his brilliant use of colours and a superb balance between design a
Published 02 Jul, 2011 12:00am
'Capital market depressed due to liquidity crunch'

'Capital market depressed due to liquidity crunch'

Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali on Friday said the capital market is facing pressure mainly due to lack of liquidity. Speaking at the 8th Annual Excellence Award Ceremony of CFA Association of Pakistan here on F
Published 02 Jul, 2011 12:00am
BRIDGE NOTES: Alas - it was not to be

BRIDGE NOTES: Alas - it was not to be

Part games in competitive bridge hold a far reaching importance for the ultimate outcome on the match. Usually in a match with all good players around, the game contracts fizzle out in the balance leaving these part scores to give an edge to the winning s
Published 02 Jul, 2011 12:00am
'Capital market depressed due to liquidity crunch'

'Capital market depressed due to liquidity crunch'

Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali on Friday said the capital market is facing pressure mainly due to lack of liquidity. Speaking at the 8th Annual Excellence Award Ceremony of CFA Association of Pakistan here on F
Published 02 Jul, 2011 12:00am
''Capital market depressed due to liquidity crunch''

''Capital market depressed due to liquidity crunch''

Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali on Friday said the capital market is facing pressure mainly due to lack of liquidity. Speaking at the 8th Annual Excellence Award Ceremony of CFA Association of Pakistan here on F
Published 02 Jul, 2011 12:00am
New York cotton

New York cotton

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

Published 02 Jul, 2011 12:00am
Index down 11.86 points

Index down 11.86 points

The KSE-100 index on Friday lost 11.86 points to close at 12,484.17 points due to profit taking in late hours, with an extremely low volume. The market opened on a positive note and the index hit 12,552.78 points intra-day high level. This momentum could
Published 02 Jul, 2011 12:00am
New York cotton

New York cotton

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

Published 02 Jul, 2011 12:00am
Index down 11.86 points

Index down 11.86 points

The KSE-100 index on Friday lost 11.86 points to close at 12,484.17 points due to profit taking in late hours, with an extremely low volume. The market opened on a positive note and the index hit 12,552.78 points intra-day high level. This momentum could
Published 02 Jul, 2011 12:00am
Index down 11.86 points

Index down 11.86 points

The KSE-100 index on Friday lost 11.86 points to close at 12,484.17 points due to profit taking in late hours, with an extremely low volume. The market opened on a positive note and the index hit 12,552.78 points intra-day high level. This momentum could
Published 02 Jul, 2011 12:00am
BRIndex30 up 42.76 points

BRIndex30 up 42.76 points

On Friday, the BRIndex30 opened at 8,589.01 points and remained in positive throughout the trading session. It touched the intra-day high of 8,671.44 points and low of 8,589.01 points and closed at 8,631.77 points with a net positive change of 42.76 point
Published 02 Jul, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (July 01, 2011).

Published 02 Jul, 2011 12:00am
BRIndex30 up 42.76 points

BRIndex30 up 42.76 points

On Friday, the BRIndex30 opened at 8,589.01 points and remained in positive throughout the trading session. It touched the intra-day high of 8,671.44 points and low of 8,589.01 points and closed at 8,631.77 points with a net positive change of 42.76 point
Published 02 Jul, 2011 12:00am
Pay, bonuses: bank regulators issue new disclosure rules

Pay, bonuses: bank regulators issue new disclosure rules

International regulators issued new rules on Friday ordering banks to publish details on their pay policies, including the amount of bonuses paid annually, and explanations of how performance is measured. The disclosure requirements issued by the Basel Co
Published 02 Jul, 2011 12:00am
Pay, bonuses: bank regulators issue new disclosure rules

Pay, bonuses: bank regulators issue new disclosure rules

International regulators issued new rules on Friday ordering banks to publish details on their pay policies, including the amount of bonuses paid annually, and explanations of how performance is measured. The disclosure requirements issued by the Basel Co
Published 02 Jul, 2011 12:00am
Pay, bonuses: bank regulators issue new disclosure rules

Pay, bonuses: bank regulators issue new disclosure rules

International regulators issued new rules on Friday ordering banks to publish details on their pay policies, including the amount of bonuses paid annually, and explanations of how performance is measured. The disclosure requirements issued by the Basel Co
Published 02 Jul, 2011 12:00am
US court lifts Strauss-Kahn house arrest, returns bail

US court lifts Strauss-Kahn house arrest, returns bail

Former IMF Managing Director Dominique Strauss-Kahn walked out of a US criminal court on Friday having had his house arrest conditions lifted and bail returned, after US prosecutors found serious lapses in his alleged rape victim's credibility. Strauss-Ka
Published 02 Jul, 2011 12:00am
US court lifts Strauss-Kahn house arrest, returns bail

US court lifts Strauss-Kahn house arrest, returns bail

Former IMF Managing Director Dominique Strauss-Kahn walked out of a US criminal court on Friday having had his house arrest conditions lifted and bail returned, after US prosecutors found serious lapses in his alleged rape victim's credibility. Strauss-Ka
Published 02 Jul, 2011 12:00am
US court lifts Strauss-Kahn house arrest, returns bail

US court lifts Strauss-Kahn house arrest, returns bail

Former IMF Managing Director Dominique Strauss-Kahn walked out of a US criminal court on Friday having had his house arrest conditions lifted and bail returned, after US prosecutors found serious lapses in his alleged rape victim''s credibility. Strauss-K
Published 02 Jul, 2011 12:00am
SBP raises rates of two financing schemes: IMF condition fulfilled

SBP raises rates of two financing schemes: IMF condition fulfilled

The State Bank of Pakistan (SBP) on Friday raised the mark-up rate/services charges up to 1.5 percent for long-term Financing Facility (LTFF) scheme, and the Scheme for Financing Power Plants Using Renewable Energy with immediate effect.
Published 02 Jul, 2011 12:00am
SBP raises rates of two financing schemes: IMF condition fulfilled

SBP raises rates of two financing schemes: IMF condition fulfilled

The State Bank of Pakistan (SBP) on Friday raised the mark-up rate/services charges up to 1.5 percent for long-term Financing Facility (LTFF) scheme, and the Scheme for Financing Power Plants Using Renewable Energy with immediate effect.
Published 02 Jul, 2011 12:00am
SBP raises rates of two financing schemes: IMF condition fulfilled

SBP raises rates of two financing schemes: IMF condition fulfilled

The State Bank of Pakistan (SBP) on Friday raised the mark-up rate/services charges up to 1.5 percent for long-term Financing Facility (LTFF) scheme, and the Scheme for Financing Power Plants Using Renewable Energy with immediate effect.
Published 02 Jul, 2011 12:00am
Fundview: Pakistan quite critical: Mobius

Fundview: Pakistan quite critical: Mobius

Pakistan is set to benefit from its strategic importance to China, which is seeking to cement relationships with countries surrounding India, Franklin Templeton's Mark Mobius said. "They are trying to secure their lines of transport and communication," he
Published 02 Jul, 2011 12:00am
Fundview: Pakistan quite critical: Mobius

Fundview: Pakistan quite critical: Mobius

Pakistan is set to benefit from its strategic importance to China, which is seeking to cement relationships with countries surrounding India, Franklin Templeton's Mark Mobius said. "They are trying to secure their lines of transport and communication," he
Published 02 Jul, 2011 12:00am
Fundview: Pakistan quite critical: Mobius

Fundview: Pakistan quite critical: Mobius

Pakistan is set to benefit from its strategic importance to China, which is seeking to cement relationships with countries surrounding India, Franklin Templeton''s Mark Mobius said. "They are trying to secure their lines of transport and communication," h
Published 02 Jul, 2011 12:00am
Shaban moon may be sighted today

Shaban moon may be sighted today

The new Shaban moon may be sighted today (Saturday), according to astronomical parameters. Therefore, the first of Shaban, 1432 AH, will fall on Sunday. The moon crossed the conjunction line on Friday at 1354 Pakistan Standard Time (PST). The sunset today
Published 02 Jul, 2011 12:00am
Shaban moon may be sighted today

Shaban moon may be sighted today

The new Shaban moon may be sighted today (Saturday), according to astronomical parameters. Therefore, the first of Shaban, 1432 AH, will fall on Sunday. The moon crossed the conjunction line on Friday at 1354 Pakistan Standard Time (PST). The sunset today
Published 02 Jul, 2011 12:00am
Greater market access: UK reaffirms support to Pakistan

Greater market access: UK reaffirms support to Pakistan

President Asif Ali Zardari and British Prime Minister David Cameron agreed on Friday at their meeting here that both countries will continue to work together for fighting militancy and for promoting peace in the region. Cameron assured Zardari that his co
Published 02 Jul, 2011 12:00am
Greater market access: UK reaffirms support to Pakistan

Greater market access: UK reaffirms support to Pakistan

President Asif Ali Zardari and British Prime Minister David Cameron agreed on Friday at their meeting here that both countries will continue to work together for fighting militancy and for promoting peace in the region. Cameron assured Zardari that his co
Published 02 Jul, 2011 12:00am
Greater market access: UK reaffirms support to Pakistan

Greater market access: UK reaffirms support to Pakistan

President Asif Ali Zardari and British Prime Minister David Cameron agreed on Friday at their meeting here that both countries will continue to work together for fighting militancy and for promoting peace in the region. Cameron assured Zardari that his co
Published 02 Jul, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 02 Jul, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Jul, 2011 12:00am
PCO judges: 'CJP rejects presidential reference'

PCO judges: 'CJP rejects presidential reference'

Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry has rejected Presidential reference in relation to PCO Judges. A private TV channel said the CJP remarked that the president may be informed that these PCO judges had never ever been the judges (a
Published 02 Jul, 2011 12:00am
PCO judges: 'CJP rejects presidential reference'

PCO judges: 'CJP rejects presidential reference'

Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry has rejected Presidential reference in relation to PCO Judges. A private TV channel said the CJP remarked that the president may be informed that these PCO judges had never ever been the judges (a
Published 02 Jul, 2011 12:00am
Russia to supply nuclear submarine to India

Russia to supply nuclear submarine to India

Russia will deliver a nuclear submarine to India by the end of the year, Russia's navy chief was quoted as saying on Friday by state news agency RIA. India sees Russia as a strategic counterweight to China but New Delhi has been upset by repeated delays t
Published 02 Jul, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities moved both ways and finally ended amid descending transaction volume on account of lacking investors' interest who remained on the sideline. The LSE -25 index was fract
Published 02 Jul, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities moved both ways and finally ended amid descending transaction volume on account of lacking investors' interest who remained on the sideline. The LSE -25 index was fract
Published 02 Jul, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (July 01, 2011).

Published 02 Jul, 2011 12:00am
ISE index loses 4.66 points

ISE index loses 4.66 points

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Friday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 4.66 points from 2,722.83 points to 2718.17 points. Turnover amounted to 65,277 shares as com
Published 02 Jul, 2011 12:00am
ISE index loses 4.66 points

ISE index loses 4.66 points

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Friday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 4.66 points from 2,722.83 points to 2718.17 points. Turnover amounted to 65,277 shares as com
Published 02 Jul, 2011 12:00am
US wars leave 225,000 dead, cost up to $4.4 trillion: study

US wars leave 225,000 dead, cost up to $4.4 trillion: study

US wars launched since the attacks of September 11, 2001 have left 225,000 dead and cost up to $4.4 trillion, according to a new study by university researchers. The study published by Brown University this week focused on the wars in Iraq, Afghanistan an
Published 02 Jul, 2011 12:00am
US wars leave 225,000 dead, cost up to $4.4 trillion: study

US wars leave 225,000 dead, cost up to $4.4 trillion: study

US wars launched since the attacks of September 11, 2001 have left 225,000 dead and cost up to $4.4 trillion, according to a new study by university researchers. The study published by Brown University this week focused on the wars in Iraq, Afghanistan an
Published 02 Jul, 2011 12:00am
US wars leave 225,000 dead, cost up to $4.4 trillion: study

US wars leave 225,000 dead, cost up to $4.4 trillion: study

US wars launched since the attacks of September 11, 2001 have left 225,000 dead and cost up to $4.4 trillion, according to a new study by university researchers. The study published by Brown University this week focused on the wars in Iraq, Afghanistan an
Published 02 Jul, 2011 12:00am
Iran gas supply to start from December 2014

Iran gas supply to start from December 2014

Secretary Ministry of Petroleum and Natural Resources Muhammad Ejaz Chaudhry said on Friday that 750 mm cubic feet gas supply daily from Iran under Iran-Pak Pipeline project would start from December 2014.
Published 02 Jul, 2011 12:00am
Iran gas supply to start from December 2014

Iran gas supply to start from December 2014

Secretary Ministry of Petroleum and Natural Resources Muhammad Ejaz Chaudhry said on Friday that 750 mm cubic feet gas supply daily from Iran under Iran-Pak Pipeline project would start from December 2014.
Published 02 Jul, 2011 12:00am
THE RUPEE: minor changes on open market

THE RUPEE: minor changes on open market

The rupee commenced the new fiscal year 2011-12 with a little change against dollar on the open market on Friday, money experts said. Rates did not show any change on the interbank market owing the bank closing, they said.
Published 02 Jul, 2011 12:00am
Iran gas supply to start from December 2014

Iran gas supply to start from December 2014

Secretary Ministry of Petroleum and Natural Resources Muhammad Ejaz Chaudhry said on Friday that 750 mm cubic feet gas supply daily from Iran under Iran-Pak Pipeline project would start from December 2014.
Published 02 Jul, 2011 12:00am
THE RUPEE: minor changes on open market

THE RUPEE: minor changes on open market

The rupee commenced the new fiscal year 2011-12 with a little change against dollar on the open market on Friday, money experts said. Rates did not show any change on the interbank market owing the bank closing, they said.
Published 02 Jul, 2011 12:00am
'Huge ransom paid in Pakistan' for Western hostages

'Huge ransom paid in Pakistan' for Western hostages

New details have emerged of how two Western hostages in Afghanistan were freed in exchange for a hefty ransom paid in Pakistan and the release of two brothers from a mafia-style, Taliban-linked group. French journalists Herve Ghesquiere and Stephane Tapon
Published 02 Jul, 2011 12:00am
'Huge ransom paid in Pakistan' for Western hostages

'Huge ransom paid in Pakistan' for Western hostages

New details have emerged of how two Western hostages in Afghanistan were freed in exchange for a hefty ransom paid in Pakistan and the release of two brothers from a mafia-style, Taliban-linked group. French journalists Herve Ghesquiere and Stephane Tapon
Published 02 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 01, 2011).

Published 02 Jul, 2011 12:00am
Sobani new chief executive officer of HUBCO

Sobani new chief executive officer of HUBCO

Zafar Iqbal Sobani has been appointed chief executive officer (CEO) of Hub Power Company Ltd (Hubco) with effect from July 1, 2011 for three years in place of outgoing CEO Vince R Harris. According to a communiqué despatched to KSE here Friday, Vince Harr
Published 02 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 01, 2011).

Published 02 Jul, 2011 12:00am
Sobani new chief executive officer of HUBCO

Sobani new chief executive officer of HUBCO

Zafar Iqbal Sobani has been appointed chief executive officer (CEO) of Hub Power Company Ltd (Hubco) with effect from July 1, 2011 for three years in place of outgoing CEO Vince R Harris. According to a communiqué despatched to KSE here Friday, Vince Harr
Published 02 Jul, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (July 01, 2011).

Published 02 Jul, 2011 12:00am
Sobani new chief executive officer of HUBCO

Sobani new chief executive officer of HUBCO

Zafar Iqbal Sobani has been appointed chief executive officer (CEO) of Hub Power Company Ltd (Hubco) with effect from July 1, 2011 for three years in place of outgoing CEO Vince R Harris. According to a communiqué despatched to KSE here Friday, Vince Harr
Published 02 Jul, 2011 12:00am
Ennhancing efficiency: SECP forms 'senior management committee'

Ennhancing efficiency: SECP forms 'senior management committee'

To enhance efficiency through better inter-departmental co-ordination, improved turnaround time and applying participatory approach to decision-making, the Securities and Exchange Commission of Pakistan (SECP) has formed a 'senior management committee' (S
Published 02 Jul, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (July 01, 2011).

Published 02 Jul, 2011 12:00am
Ennhancing efficiency: SECP forms 'senior management committee'

Ennhancing efficiency: SECP forms 'senior management committee'

To enhance efficiency through better inter-departmental co-ordination, improved turnaround time and applying participatory approach to decision-making, the Securities and Exchange Commission of Pakistan (SECP) has formed a 'senior management committee' (S
Published 02 Jul, 2011 12:00am
Ennhancing efficiency: SECP forms ''senior management committee''

Ennhancing efficiency: SECP forms ''senior management committee''

To enhance efficiency through better inter-departmental co-ordination, improved turnaround time and applying participatory approach to decision-making, the Securities and Exchange Commission of Pakistan (SECP) has formed a ''senior management committee''
Published 02 Jul, 2011 12:00am
Iran says could halt oil supplies to India in August

Iran says could halt oil supplies to India in August

Iran has threatened to halt oil supplies to India in August as it presses New Delhi to solve a payments dispute that has cast a shadow since December over the two countries' $12 billion annual crude trade. National Iranian Oil Co (NIOC), the state oil fir
Published 02 Jul, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (July 01, 2011) and for Saturday (July 02, 2011).
Published 02 Jul, 2011 12:00am
Iraq, Iran sign gas pipeline and supply deal

Iraq, Iran sign gas pipeline and supply deal

Iraq signed a $365-million (252-million-euro) contract for Iran to build a pipeline to supply natural gas to power stations in Baghdad, a spokesman for Iraq's electricity ministry said on Friday. The 220-kilometre (140-mile) pipeline will eventually suppl
Published 02 Jul, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (July 01, 2011).

Published 02 Jul, 2011 12:00am
Iraq, Iran sign gas pipeline and supply deal

Iraq, Iran sign gas pipeline and supply deal

Iraq signed a $365-million (252-million-euro) contract for Iran to build a pipeline to supply natural gas to power stations in Baghdad, a spokesman for Iraq's electricity ministry said on Friday. The 220-kilometre (140-mile) pipeline will eventually suppl
Published 02 Jul, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 28, 2011.

Published 02 Jul, 2011 12:00am
Iraq, Iran sign gas pipeline and supply deal

Iraq, Iran sign gas pipeline and supply deal

Iraq signed a $365-million (252-million-euro) contract for Iran to build a pipeline to supply natural gas to power stations in Baghdad, a spokesman for Iraq''s electricity ministry said on Friday. The 220-kilometre (140-mile) pipeline will eventually supp
Published 02 Jul, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 28, 2011.

Published 02 Jul, 2011 12:00am
Africa will not execute Qadhafi warrant

Africa will not execute Qadhafi warrant

African nations will not execute an International Criminal Council arrest warrant issued for Libyan leader Moamer Qadhafi, an African Union summit decided Friday. The summit in Equatorial Guinea said the warrant issued last week "seriously complicates" ef
Published 02 Jul, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 28, 2011.

Published 02 Jul, 2011 12:00am
Africa will not execute Qadhafi warrant

Africa will not execute Qadhafi warrant

African nations will not execute an International Criminal Council arrest warrant issued for Libyan leader Moamer Qadhafi, an African Union summit decided Friday. The summit in Equatorial Guinea said the warrant issued last week "seriously complicates" ef
Published 02 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 02 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 02 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 01, 2011).

Published 02 Jul, 2011 12:00am
The Weather

The Weather

The weather report on Friday (July 01, 2011) and the forecast for Saturday (July 02, 2011).

Published 02 Jul, 2011 12:00am
Canada negotiating agreement to reduce investment barriers

Canada negotiating agreement to reduce investment barriers

Canada is currently negotiating with Pakistan a bilateral foreign investment protection agreement, which would reduce barriers to mutual investment. The Canadian High Commission stated this at a reception on Friday to celebrate 144th birthday of Canada. T
Published 02 Jul, 2011 12:00am
Canada negotiating agreement to reduce investment barriers

Canada negotiating agreement to reduce investment barriers

Canada is currently negotiating with Pakistan a bilateral foreign investment protection agreement, which would reduce barriers to mutual investment. The Canadian High Commission stated this at a reception on Friday to celebrate 144th birthday of Canada. T
Published 02 Jul, 2011 12:00am
Canada negotiating agreement to reduce investment barriers

Canada negotiating agreement to reduce investment barriers

Canada is currently negotiating with Pakistan a bilateral foreign investment protection agreement, which would reduce barriers to mutual investment. The Canadian High Commission stated this at a reception on Friday to celebrate 144th birthday of Canada. T
Published 02 Jul, 2011 12:00am
January-May Fertilizer offtake down six percent

January-May Fertilizer offtake down six percent

Fertilizer offtake fell by 6 percent during the first five months of current calendar year owing to decline in local production. According to National Fertilizer Development Centre (NFDC), Fertilizer offtake stood at 2.9 million tons in first five months
Published 02 Jul, 2011 12:00am
January-May Fertilizer offtake down six percent

January-May Fertilizer offtake down six percent

Fertilizer offtake fell by 6 percent during the first five months of current calendar year owing to decline in local production. According to National Fertilizer Development Centre (NFDC), Fertilizer offtake stood at 2.9 million tons in first five months
Published 02 Jul, 2011 12:00am
January-May Fertilizer offtake down six percent

January-May Fertilizer offtake down six percent

Fertilizer offtake fell by 6 percent during the first five months of current calendar year owing to decline in local production. According to National Fertilizer Development Centre (NFDC), Fertilizer offtake stood at 2.9 million tons in first five months
Published 02 Jul, 2011 12:00am
Swiss couple kidnapped in Loralai

Swiss couple kidnapped in Loralai

A Swiss couple were kidnapped Friday while travelling in Loralai, a senior government official said, triggering a police search. The pair was seized in a district 170 kilometres (105 miles) east of Quetta, home secretary Zafarullah Baloch told AFP. "We ha
Published 02 Jul, 2011 12:00am
Swiss couple kidnapped in Loralai

Swiss couple kidnapped in Loralai

A Swiss couple were kidnapped Friday while travelling in Loralai, a senior government official said, triggering a police search. The pair was seized in a district 170 kilometres (105 miles) east of Quetta, home secretary Zafarullah Baloch told AFP. "We ha
Published 02 Jul, 2011 12:00am
PAD asks growers to beware of fake pesticides dealers

PAD asks growers to beware of fake pesticides dealers

The Punjab Agriculture Department (PAD) has asked growers to beware of fake pesticides dealers and buy pesticides from shops that have license number and certificate of registration from the Agriculture Department. Farmers have also been asked to properly
Published 02 Jul, 2011 12:00am
PTI asks government to explain its stance on Shamsi airbase

PTI asks government to explain its stance on Shamsi airbase

Pakistan Tehreek-e-Insaf (PTI) has demanded of the government to explain its stance on the mystery of Shamsi base and enforce its decision to abandon the activities of US forces. Pakistan has earlier ordered the United States to leave the Shamsi base, whi
Published 02 Jul, 2011 12:00am
PAC sub-committee concerned at sale of embassy building

PAC sub-committee concerned at sale of embassy building

The sub-committee of Public Accounts Committee (PAC) on Friday expressed serious concern over the inquiry conducted by a three-member team of the Foreign Ministry regarding the sale of Embassy building in Jakarta in February 2002. It is pertinent to menti
Published 02 Jul, 2011 12:00am
Disqualification of MPA: LHC dismisses petition for non prosecution

Disqualification of MPA: LHC dismisses petition for non prosecution

The Lahore High Court on Friday dismissed an election petition for non prosecution seeking disqualification of a PML-Q MPA Munawar Hussain Manj on the basis of possessing a fake degree which was confirmed by University of Azad Jammu and Kashmir. An indepe
Published 02 Jul, 2011 12:00am
'Training workshop helpful in enhancing skills'

'Training workshop helpful in enhancing skills'

Vice Chancellor University of Veterinary and Animal Sciences (UVAS) Professor Dr Muhammad Nawaz has said the training workshop always helpful in enhancing the skills and expertise of professional. He was addressing at certification distribution ceremony o
Published 02 Jul, 2011 12:00am
Implementation of Act: LHC adjourns hearing till first week of August

Implementation of Act: LHC adjourns hearing till first week of August

The Lahore High Court adjourned till first week of August the hearing of a petition seeking implementation of Punjab Public Defender Act 2007 as law officer informed the court that working papers have been prepared and would be placed before cabinet in it
Published 02 Jul, 2011 12:00am
SALU publishes Rashid Rehnuma book

SALU publishes Rashid Rehnuma book

Rozay Dhani Chair, Shah Abdul Latif University (SALU) Khairpur on Friday published a book Rashid Rehnuma volume No 2. The book has been compiled by Research Officer Rozay Dhani Chair Mushtaque Ahmed Nizamani.
Published 02 Jul, 2011 12:00am
Group show by two artists concludes

Group show by two artists concludes

The exhibition of paintings by two artists, Wajid Ali and Sadia Hussain, concluded here on Friday at Nomad Art gallery, featuring diverse thoughts on human feelings. The show, titled 'Sorry for Inconvenience', portrayed a collection of over 20 unique work
Published 02 Jul, 2011 12:00am
Petition seeking ban on sale of vulgar CDs adjourned

Petition seeking ban on sale of vulgar CDs adjourned

The Lahore High Court Chief Justice (CJ) Ijaz Ahmed Chaudhry here on Friday adjourned till first week of September the hearing of a petition seeking ban on sale of vulgar dance CDs and dramas being aired on Cable TV networks. Earlier, vice-chairman centra
Published 02 Jul, 2011 12:00am
PUCIT wins first prize in innovative research

PUCIT wins first prize in innovative research

Punjab University College of Information and Technology (PUCIT) won first prize in Innovative Research over all categories and second prize in the category of Information Systems in All Pakistan Inter Colleges and Universities Project and Research Competi
Published 02 Jul, 2011 12:00am
Fire engulfs medicine company, godown

Fire engulfs medicine company, godown

Fire engulfed a private medicine company and the godown of an international welfare organisation, destroying stock of millions of rupees, here on Friday. The company is situated in Sector I-9/1 where fire broke out early in the morning, which spread to ne
Published 02 Jul, 2011 12:00am
Remaining hostages in Somalia: government takes notice of seven more

Remaining hostages in Somalia: government takes notice of seven more

The government took notice, after media reports, about remaining Pakistani hostages in Somali. According to a private television channel, the government has contacted the ship's owner and sought details of seven more hostages. A task has been given to the
Published 02 Jul, 2011 12:00am
Transfers, postings

Transfers, postings

The Punjab government has on Friday carried out transfers and postings of senior government officials. According to a notification, Muhammad Aslam, District Officer (Human Resource Management), has been transferred with immediate effect and posted as Dire
Published 02 Jul, 2011 12:00am
Failure to seek exemption: CCP slaps Rs 10 million penalty on EVTL

Failure to seek exemption: CCP slaps Rs 10 million penalty on EVTL

The Competition Commission of Pakistan (CCP) has imposed penalty of Rs 10 million on Engro Vopak Terminal Limited (EVTL) for the company's failure to seek exemption under Section 5 of the Competition Act, 2010. According to an order issued by the CCP here
Published 02 Jul, 2011 12:00am
Vacating Shamsi Airbase: Jamaat-e-Islami condemns US refusal

Vacating Shamsi Airbase: Jamaat-e-Islami condemns US refusal

Naib Amir, Jamaat-e-Islami (JI) Pakistan, Professor Khurshid has strongly condemned the US refusal to vacate the Shamsi Airbase and to continue its violation against Pakistan's sovereignty through drone attacks. Professor Khurshid further said that the re
Published 02 Jul, 2011 12:00am
Uch-II project awarded to KRL: not going through tendering process

Uch-II project awarded to KRL: not going through tendering process

Fear of litigation, penalties and Public Procurement Regulatory Authority's (PPRA) rules have reportedly encouraged the Oil and Gas Development Company Limited (OGDC) to award Uch-II gas project to Khan Research Laboratories (KRL), without going through t
Published 02 Jul, 2011 12:00am
APCNGA rejects increase in gas tariff, curtailment

APCNGA rejects increase in gas tariff, curtailment

Junaid Esmail Makda, Central Chairman, All Pakistan CNG Association (APCNGA), while expressing great concern, has rejected the recent news by ECC to increase in tariff and curtailment of gas for CNG stations for 3-days in Punjab and 2-days in Sindh. He te
Published 02 Jul, 2011 12:00am
Promotion of science education: Japan to provide economic assistance

Promotion of science education: Japan to provide economic assistance

Japan has shown its willingness to provide both technical and economic assistance to promote science education in Pakistan. Ambassador of Japan Hiroshi Oe and Federal Minister for Science & Technology Mir Changez Khan Jamali had a meeting at minister's of
Published 02 Jul, 2011 12:00am
PTA wins cases against LDI operators

PTA wins cases against LDI operators

The Islamabad High Court on Friday dismissed, with costs, the writ petitions and appeals filed by long distance and international (LDI) operators against the Pakistan Telecommunication Authority (PTA) and Ministry of Information Technology & Telecom on th
Published 02 Jul, 2011 12:00am
APA demands tariff parity between CNG, petrol prices

APA demands tariff parity between CNG, petrol prices

All Pakistan CNG Association (APA) has demanded the government to maintain 50 per cent tariff parity between petrol and CNG prices. The APA, in its letter sent to Dr Asim Hussain, Federal Minister for Petroleum & Natural Resources, said the decision to in
Published 02 Jul, 2011 12:00am
Liberation struggle will continue to its logical end: Geelani

Liberation struggle will continue to its logical end: Geelani

Veteran Kashmiri Hurriyet leader, Syed Ali Geelani, has said that the ongoing freedom struggle will continue even if New Delhi doubled its military deployment in the territory. Syed Ali Geelani addressing a public gathering in Sopore said.
Published 02 Jul, 2011 12:00am
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