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Archive - 2011-09-13
C$ ends stronger as euro
Financial

C$ ends stronger as euro

TORONTO : The Canadian dollar strengthened against its US counterpart on Tuesday as investors crept back to riskie
Published 13 Sep, 2011 08:30pm
Pakistani fruit makes name in Indonesia
Top News

Pakistani fruit makes name in Indonesia

ISLAMABAD : Pakistan fruit especially oranges and mangoes are in great demand in Indonesia . Despite the high level
Published 13 Sep, 2011 05:50pm
Heavy rains cripple biggest city Karachi
Top News

Heavy rains cripple biggest city Karachi

KARACHI : Rains are triggered by monsoon rains crippled biggest city and commercial hub of Karachi on Tuesday, with fe
Published 13 Sep, 2011 04:30pm
Senate panel backs Pentagon budget freeze
Top News

Senate panel backs Pentagon budget freeze

WASHINGTON:  A Senate panel on Tuesday approved defence spending of about $630 billion for the 2012 fiscal year, freezin
Published 13 Sep, 2011 08:33am
US approves rule on bank bankruptcy
Top News

US approves rule on bank bankruptcy

WASHINGTON : US regulators approved on Tuesday a rule requiring 37 large US and foreign financial institutions to submit
Published 13 Sep, 2011 07:36am
Chinese shares open down 1.2%
Financial

Chinese shares open down 1.2%

SHANGHAI : Chinese shares opened down 1.2 percent Tuesday, tracking the plunge on the Hong Kong market the previous day
Published 13 Sep, 2011 06:52am
Run-of-the-mill show for NetSol
BR Research

Run-of-the-mill show for NetSol

The financial results for NetSol Technologies Limited (NetSol) for FY11 reveal that the highly attractive, characteristic margins of the lea
Published 13 Sep, 2011 12:00am
Rice price on thin ice
BR Research

Rice price on thin ice

Pakistan being amongst the worlds top five rice exporters is largely affected by changes in global rice prices and production levels. Rice c
Published 13 Sep, 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 Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (September 12, 2011).
Published 13 Sep, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
Three Pakistanis plead guilty to US terror charges

Three Pakistanis plead guilty to US terror charges

Three Pakistani nationals pleaded guilty before a US court Monday to terrorism-related charges of supporting the Pakistani Taliban, Justice Department officials said. At a hearing before US District Judge John Bates in Washington, the three - Irfan Ul Haq
Published 13 Sep, 2011 12:00am
Pak-Iran ties: Paradigm shift in foreign policy, says Prime Minister

Pak-Iran ties: Paradigm shift in foreign policy, says Prime Minister

Prime Minister Syed Yousuf Raza Gilani and President Mehmoud Ahmadinejad on Monday exchanged views to give afresh impetus to their existing bilateral co-operation in various fields ranging from trade and economy to security and intelligence sharing.
Published 13 Sep, 2011 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (September 12, 2011).
Published 13 Sep, 2011 12:00am
Pak-Iran ties: Paradigm shift in foreign policy, says Prime Minister

Pak-Iran ties: Paradigm shift in foreign policy, says Prime Minister

Prime Minister Syed Yousuf Raza Gilani and President Mehmoud Ahmadinejad on Monday exchanged views to give afresh impetus to their existing bilateral co-operation in various fields ranging from trade and economy to security and intelligence sharing.
Published 13 Sep, 2011 12:00am
Pak-Iran ties: Paradigm shift in foreign policy, says Prime Minister

Pak-Iran ties: Paradigm shift in foreign policy, says Prime Minister

Prime Minister Syed Yousuf Raza Gilani and President Mehmoud Ahmadinejad on Monday exchanged views to give afresh impetus to their existing bilateral co-operation in various fields ranging from trade and economy to security and intelligence sharing.
Published 13 Sep, 2011 12:00am
Shares hit hard by Greek worries, G7 inaction

Shares hit hard by Greek worries, G7 inaction

Fears of a Greek default that could spark a global market contagion dragged down stocks on Monday, knocking European equities to two-year lows and sending the euro to a seven-month low against the dollar. Concerns that Moody's Investors Service might down
Published 13 Sep, 2011 12:00am
Shares hit hard by Greek worries, G7 inaction

Shares hit hard by Greek worries, G7 inaction

Fears of a Greek default that could spark a global market contagion dragged down stocks on Monday, knocking European equities to two-year lows and sending the euro to a seven-month low against the dollar. Concerns that Moody's Investors Service might down
Published 13 Sep, 2011 12:00am
Shares hit hard by Greek worries, G7 inaction

Shares hit hard by Greek worries, G7 inaction

Fears of a Greek default that could spark a global market contagion dragged down stocks on Monday, knocking European equities to two-year lows and sending the euro to a seven-month low against the dollar. Concerns that Moody''s Investors Service might dow
Published 13 Sep, 2011 12:00am
J.P Morgan chief says banking rules 'anti-American'

J.P Morgan chief says banking rules 'anti-American'

New rules that would force global banks to raise more capital are anti-American, J.P. Morgan Chase chief executive Jamie Dimon told the Financial Times in an interview on Monday. "I'm very close to thinking the United States shouldn't be in Basel anymore,
Published 13 Sep, 2011 12:00am
J.P Morgan chief says banking rules 'anti-American'

J.P Morgan chief says banking rules 'anti-American'

New rules that would force global banks to raise more capital are anti-American, J.P. Morgan Chase chief executive Jamie Dimon told the Financial Times in an interview on Monday. "I'm very close to thinking the United States shouldn't be in Basel anymore,
Published 13 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
J.P Morgan chief says banking rules ''anti-American''

J.P Morgan chief says banking rules ''anti-American''

New rules that would force global banks to raise more capital are anti-American, J.P. Morgan Chase chief executive Jamie Dimon told the Financial Times in an interview on Monday. "I''m very close to thinking the United States shouldn''t be in Basel anymor
Published 13 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
Central bankers see no global recession

Central bankers see no global recession

Economic growth is slowing but there is no sign of a world-wide recession, according to global central bankers who said on Monday they had no plans for concerted action. Central banks stood ready to provide liquidity as needed and there was no sign of def
Published 13 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
Central bankers see no global recession

Central bankers see no global recession

Economic growth is slowing but there is no sign of a world-wide recession, according to global central bankers who said on Monday they had no plans for concerted action. Central banks stood ready to provide liquidity as needed and there was no sign of def
Published 13 Sep, 2011 12:00am
Central bankers see no global recession

Central bankers see no global recession

Economic growth is slowing but there is no sign of a world-wide recession, according to global central bankers who said on Monday they had no plans for concerted action. Central banks stood ready to provide liquidity as needed and there was no sign of def
Published 13 Sep, 2011 12:00am
West in search of virtuous cycle of growth

West in search of virtuous cycle of growth

Obama's latest attempt to revive growth and jobs through pumping US $450 billion jobs-plan in the economy is regarded by many as short-term measure to avoid double-dip recession, stagflation and bolster his chances of re-election for the next 4 years, beg
Published 13 Sep, 2011 12:00am
West in search of virtuous cycle of growth

West in search of virtuous cycle of growth

Obama's latest attempt to revive growth and jobs through pumping US $450 billion jobs-plan in the economy is regarded by many as short-term measure to avoid double-dip recession, stagflation and bolster his chances of re-election for the next 4 years, beg
Published 13 Sep, 2011 12:00am
West in search of virtuous cycle of growth

West in search of virtuous cycle of growth

Obama''s latest attempt to revive growth and jobs through pumping US $450 billion jobs-plan in the economy is regarded by many as short-term measure to avoid double-dip recession, stagflation and bolster his chances of re-election for the next 4 years, be
Published 13 Sep, 2011 12:00am
KESC alerts consumers about massive loadshedding

KESC alerts consumers about massive loadshedding

Karachi Electric Supply Company has alerted consumers about a huge increase in loadshedding hours up to 12 hours a day within the next 24 hours due to insufficient fuel supply, and demanded of the government to either provide the approved quota of 276 MMC
Published 13 Sep, 2011 12:00am
KESC alerts consumers about massive loadshedding

KESC alerts consumers about massive loadshedding

Karachi Electric Supply Company has alerted consumers about a huge increase in loadshedding hours up to 12 hours a day within the next 24 hours due to insufficient fuel supply, and demanded of the government to either provide the approved quota of 276 MMC
Published 13 Sep, 2011 12:00am
KESC alerts consumers about massive loadshedding

KESC alerts consumers about massive loadshedding

Karachi Electric Supply Company has alerted consumers about a huge increase in loadshedding hours up to 12 hours a day within the next 24 hours due to insufficient fuel supply, and demanded of the government to either provide the approved quota of 276 MMC
Published 13 Sep, 2011 12:00am
At least 120 dead in Kenyan pipeline fire

At least 120 dead in Kenyan pipeline fire

At least 120 people burned to death Monday when a fuel pipeline burst into flames in a slum area in the Kenyan capital, an official said. "The death toll from bodies counted so far is 120. It is likely to rise because of the bodies in the river," said Phi
Published 13 Sep, 2011 12:00am
At least 120 dead in Kenyan pipeline fire

At least 120 dead in Kenyan pipeline fire

At least 120 people burned to death Monday when a fuel pipeline burst into flames in a slum area in the Kenyan capital, an official said. "The death toll from bodies counted so far is 120. It is likely to rise because of the bodies in the river," said Phi
Published 13 Sep, 2011 12:00am
Copper scam: Major arrested

Copper scam: Major arrested

A Major of the Pakistan Army has been arrested in connection with the theft of a railway wagon. The ISPR on Monday confirmed the arrest of a serving Major in Pakistan Railways copper scam. The ISPR stated that Major Ayub was arrested for his alleged invol
Published 13 Sep, 2011 12:00am
Copper scam: Major arrested

Copper scam: Major arrested

A Major of the Pakistan Army has been arrested in connection with the theft of a railway wagon. The ISPR on Monday confirmed the arrest of a serving Major in Pakistan Railways copper scam. The ISPR stated that Major Ayub was arrested for his alleged invol
Published 13 Sep, 2011 12:00am
McGraw-Hill to split, S&P to be independent

McGraw-Hill to split, S&P to be independent

US media conglomerate McGraw-Hill announced Monday it was splitting into two distinct companies, spinning off controversial rating agency Standard & Poor's into a separate business. The move aims to better tap the value of the company's two key wings: pub
Published 13 Sep, 2011 12:00am
McGraw-Hill to split, S&P to be independent

McGraw-Hill to split, S&P to be independent

US media conglomerate McGraw-Hill announced Monday it was splitting into two distinct companies, spinning off controversial rating agency Standard & Poor's into a separate business. The move aims to better tap the value of the company's two key wings: pub
Published 13 Sep, 2011 12:00am
McGraw-Hill to split, S&P to be independent

McGraw-Hill to split, S&P to be independent

US media conglomerate McGraw-Hill announced Monday it was splitting into two distinct companies, spinning off controversial rating agency Standard & Poor''s into a separate business. The move aims to better tap the value of the company''s two key wings: p
Published 13 Sep, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Sep, 2011 12:00am
Met office issues warning: more heavy rains likely in Sindh

Met office issues warning: more heavy rains likely in Sindh

Pakistan Meteorological Department (PMD) on Monday indicated chances of more monsoon heavy rains for lower Sindh during next three days. In a warning issued here, Met Office said that heavy spells would cause more flooding in already inundated areas; ther
Published 13 Sep, 2011 12:00am
Met office issues warning: more heavy rains likely in Sindh

Met office issues warning: more heavy rains likely in Sindh

Pakistan Meteorological Department (PMD) on Monday indicated chances of more monsoon heavy rains for lower Sindh during next three days. In a warning issued here, Met Office said that heavy spells would cause more flooding in already inundated areas; ther
Published 13 Sep, 2011 12:00am
UN conducts secondary assessment of flood losses

UN conducts secondary assessment of flood losses

The United Nations in collaboration with the National Disaster Management Authority (NDMA), the Provincial Disaster Management Authority (PDMA) of Sindh and Districts' Disasters Management Committees has started conducting a secondary assessment of losses
Published 13 Sep, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 Sep, 2011 12:00am
UN conducts secondary assessment of flood losses

UN conducts secondary assessment of flood losses

The United Nations in collaboration with the National Disaster Management Authority (NDMA), the Provincial Disaster Management Authority (PDMA) of Sindh and Districts' Disasters Management Committees has started conducting a secondary assessment of losses
Published 13 Sep, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Sep, 2011 12:00am
11 more die as heavy rains lash province

11 more die as heavy rains lash province

Intermittent rains that started Monday continued across the province throughout the day, adding to the plight of the people already facing severe difficulties in the wake of relentless rains, a private TV channel reported. After Monday's rains more villag
Published 13 Sep, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Sep, 2011 12:00am
11 more die as heavy rains lash province

11 more die as heavy rains lash province

Intermittent rains that started Monday continued across the province throughout the day, adding to the plight of the people already facing severe difficulties in the wake of relentless rains, a private TV channel reported. After Monday's rains more villag
Published 13 Sep, 2011 12:00am
15 percent surcharge: FBR spells out applicability

15 percent surcharge: FBR spells out applicability

The Federal Board of Revenue has clarified that all taxpayers irrespective of their income closing year will pay 15 percent surcharge for three and a half months on pro-rata basis. In this connection, the FBR has issued an Income Tax Circular 11 of 2011 h
Published 13 Sep, 2011 12:00am
15 percent surcharge: FBR spells out applicability

15 percent surcharge: FBR spells out applicability

The Federal Board of Revenue has clarified that all taxpayers irrespective of their income closing year will pay 15 percent surcharge for three and a half months on pro-rata basis. In this connection, the FBR has issued an Income Tax Circular 11 of 2011 h
Published 13 Sep, 2011 12:00am
15 percent surcharge: FBR spells out applicability

15 percent surcharge: FBR spells out applicability

The Federal Board of Revenue has clarified that all taxpayers irrespective of their income closing year will pay 15 percent surcharge for three and a half months on pro-rata basis. In this connection, the FBR has issued an Income Tax Circular 11 of 2011 h
Published 13 Sep, 2011 12:00am
LTUs and RTOs to be assigned tax targets: Commissioners' moot today

LTUs and RTOs to be assigned tax targets: Commissioners' moot today

The Federal Board of Revenue would communicate monthly and quarterly revenue collection targets to the Chief Commissioners of Large Taxpayers Units and Regional Tax Offices here on Tuesday (September 13) to meet the annual target of Rs 1952 billion for 20
Published 13 Sep, 2011 12:00am
LTUs and RTOs to be assigned tax targets: Commissioners' moot today

LTUs and RTOs to be assigned tax targets: Commissioners' moot today

The Federal Board of Revenue would communicate monthly and quarterly revenue collection targets to the Chief Commissioners of Large Taxpayers Units and Regional Tax Offices here on Tuesday (September 13) to meet the annual target of Rs 1952 billion for 20
Published 13 Sep, 2011 12:00am
LTUs and RTOs to be assigned tax targets: Commissioners'' moot today

LTUs and RTOs to be assigned tax targets: Commissioners'' moot today

The Federal Board of Revenue would communicate monthly and quarterly revenue collection targets to the Chief Commissioners of Large Taxpayers Units and Regional Tax Offices here on Tuesday (September 13) to meet the annual target of Rs 1952 billion for 20
Published 13 Sep, 2011 12:00am
Record $1.31 billion remittances received in August

Record $1.31 billion remittances received in August

Home remittances by overseas Pakistanis registered a growth of 40.45 percent with an amount of $1.31 billion in August, 2011, against $933.06 million of August 2010, reflecting a tremendous jump of $377.41 million. The previous highest amount remitted in
Published 13 Sep, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Rates moved both ways on the currency market on Monday in process of trading, dealers said. The rupee inched up versus dollar, gaining five paisa for buying and selling at 87.45 and 87.50, they said.
Published 13 Sep, 2011 12:00am
Record $1.31 billion remittances received in August

Record $1.31 billion remittances received in August

Home remittances by overseas Pakistanis registered a growth of 40.45 percent with an amount of $1.31 billion in August, 2011, against $933.06 million of August 2010, reflecting a tremendous jump of $377.41 million. The previous highest amount remitted in
Published 13 Sep, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Rates moved both ways on the currency market on Monday in process of trading, dealers said. The rupee inched up versus dollar, gaining five paisa for buying and selling at 87.45 and 87.50, they said.
Published 13 Sep, 2011 12:00am
Record $1.31 billion remittances received in August

Record $1.31 billion remittances received in August

Home remittances by overseas Pakistanis registered a growth of 40.45 percent with an amount of $1.31 billion in August, 2011, against $933.06 million of August 2010, reflecting a tremendous jump of $377.41 million. The previous highest amount remitted in
Published 13 Sep, 2011 12:00am
JSCL sells 70.82 percent NMBL shares to 'Acquirers'

JSCL sells 70.82 percent NMBL shares to 'Acquirers'

Jahangir Siddiqui and Company Limited on September 12, 2011 entered into a Share Purchase Agreement with the Group of Investors (the Acquirers) for sale of 21,245,184 ordinary shares of the face value of Rs 10 of Network Microfinance Bank Limited (NMBL) c
Published 13 Sep, 2011 12:00am
JSCL sells 70.82 percent NMBL shares to 'Acquirers'

JSCL sells 70.82 percent NMBL shares to 'Acquirers'

Jahangir Siddiqui and Company Limited on September 12, 2011 entered into a Share Purchase Agreement with the Group of Investors (the Acquirers) for sale of 21,245,184 ordinary shares of the face value of Rs 10 of Network Microfinance Bank Limited (NMBL) c
Published 13 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
JSCL sells 70.82 percent NMBL shares to ''Acquirers''

JSCL sells 70.82 percent NMBL shares to ''Acquirers''

Jahangir Siddiqui and Company Limited on September 12, 2011 entered into a Share Purchase Agreement with the Group of Investors (the Acquirers) for sale of 21,245,184 ordinary shares of the face value of Rs 10 of Network Microfinance Bank Limited (NMBL) c
Published 13 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
Index sheds 105.57 points

Index sheds 105.57 points

The investors on Monday opted for profit taking on available margins and the KSE-100 index lost 105.57 points to close at 11,180.64 points. After opening under pressure, the index hit 11,139.74 points intra-day low, and remained in the red throughout the
Published 13 Sep, 2011 12:00am
Index sheds 105.57 points

Index sheds 105.57 points

The investors on Monday opted for profit taking on available margins and the KSE-100 index lost 105.57 points to close at 11,180.64 points. After opening under pressure, the index hit 11,139.74 points intra-day low, and remained in the red throughout the
Published 13 Sep, 2011 12:00am
Index sheds 105.57 points

Index sheds 105.57 points

The investors on Monday opted for profit taking on available margins and the KSE-100 index lost 105.57 points to close at 11,180.64 points. After opening under pressure, the index hit 11,139.74 points intra-day low, and remained in the red throughout the
Published 13 Sep, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
BRIndex30 down 147.08 points

BRIndex30 down 147.08 points

On Monday, the BRIndex30 opened at 8,451.78 points. It touched the intra-day high of 8,471.32 points and low of 8,264.63 points, and closed at 8,304.70 points with a net negative change of -147.08 points, or -1.74 percent lower than previous close.
Published 13 Sep, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
BRIndex30 down 147.08 points

BRIndex30 down 147.08 points

On Monday, the BRIndex30 opened at 8,451.78 points. It touched the intra-day high of 8,471.32 points and low of 8,264.63 points, and closed at 8,304.70 points with a net negative change of -147.08 points, or -1.74 percent lower than previous close.
Published 13 Sep, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
LSE index falls by 58.06 points

LSE index falls by 58.06 points

Bears dominated the proceedings at the Lahore Stock Exchange (LSE) where equities showed negative signs amid surge in transaction volume on Monday. The LSE-25 index moved down to 2847.59 points against 2905.59 points of Friday, showing a decline of 58.00
Published 13 Sep, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
LSE index falls by 58.06 points

LSE index falls by 58.06 points

Bears dominated the proceedings at the Lahore Stock Exchange (LSE) where equities showed negative signs amid surge in transaction volume on Monday. The LSE-25 index moved down to 2847.59 points against 2905.59 points of Friday, showing a decline of 58.00
Published 13 Sep, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
Bears dominates Islamabad bourse

Bears dominates Islamabad bourse

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 22.86 points as the ISE Ten Index moved from 2,434.48 to 2,411.62
Published 13 Sep, 2011 12:00am
Bears dominates Islamabad bourse

Bears dominates Islamabad bourse

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 22.86 points as the ISE Ten Index moved from 2,434.48 to 2,411.62
Published 13 Sep, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
Pir Mazhar says he doesn't own 'sugar mill'

Pir Mazhar says he doesn't own 'sugar mill'

Sindh Minister for Literacy and Education, Mazharul Haq, who is also the member of PPP central committee and party's parliamentary leader in provincial assembly, said on Monday that he had spoken truth, and time would decide who was right or wrong. Withou
Published 13 Sep, 2011 12:00am
Pir Mazhar says he doesn't own 'sugar mill'

Pir Mazhar says he doesn't own 'sugar mill'

Sindh Minister for Literacy and Education, Mazharul Haq, who is also the member of PPP central committee and party's parliamentary leader in provincial assembly, said on Monday that he had spoken truth, and time would decide who was right or wrong. Withou
Published 13 Sep, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
'Mirza an educated ignorant person'

'Mirza an educated ignorant person'

Sindh Home Minister Manzoor Wasan Monday HIT back at Dr Zulfiqar Mirza by referring to him as "an educated ignorant person", a TV channel reported. Talking to newsmen outside CM House, Wasan alleged Mirza was speaking at the behest of "someone else". Wasa
Published 13 Sep, 2011 12:00am
'Mirza an educated ignorant person'

'Mirza an educated ignorant person'

Sindh Home Minister Manzoor Wasan Monday HIT back at Dr Zulfiqar Mirza by referring to him as "an educated ignorant person", a TV channel reported. Talking to newsmen outside CM House, Wasan alleged Mirza was speaking at the behest of "someone else". Wasa
Published 13 Sep, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
Former judges asked not to seek re-employment

Former judges asked not to seek re-employment

In his maiden speech on the commencement of New Judicial Year (NJY) 2011-2012, Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Monday advised the former judges of the superior courts to shirk from running after re-employment, as the perks and priv
Published 13 Sep, 2011 12:00am
Former judges asked not to seek re-employment

Former judges asked not to seek re-employment

In his maiden speech on the commencement of New Judicial Year (NJY) 2011-2012, Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Monday advised the former judges of the superior courts to shirk from running after re-employment, as the perks and priv
Published 13 Sep, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
Pakistan, Romania sign economic cooperation accord

Pakistan, Romania sign economic cooperation accord

Pakistan and Romania on Monday signed an agreement on 'Economics, Scientific and Technical Co-operation' to promote co-operation between the two countries in various fields of economy. Both the countries also agreed to establish a Joint Commission to iden
Published 13 Sep, 2011 12:00am
Pakistan, Romania sign economic cooperation accord

Pakistan, Romania sign economic cooperation accord

Pakistan and Romania on Monday signed an agreement on 'Economics, Scientific and Technical Co-operation' to promote co-operation between the two countries in various fields of economy. Both the countries also agreed to establish a Joint Commission to iden
Published 13 Sep, 2011 12:00am
Pakistan, Romania sign economic cooperation accord

Pakistan, Romania sign economic cooperation accord

Pakistan and Romania on Monday signed an agreement on ''Economics, Scientific and Technical Co-operation'' to promote co-operation between the two countries in various fields of economy. Both the countries also agreed to establish a Joint Commission to id
Published 13 Sep, 2011 12:00am
Motorcycle exports on the rise due to R&D facility

Motorcycle exports on the rise due to R&D facility

Bike manufacturers in Pakistan have started regaining lost ground in international markets. After a steep drop in exports of around 135 percent from a peak of $3.5 million in 2009-10, the industry has registered a remarkable recovery during the four month
Published 13 Sep, 2011 12:00am
Motorcycle exports on the rise due to R&D facility

Motorcycle exports on the rise due to R&D facility

Bike manufacturers in Pakistan have started regaining lost ground in international markets. After a steep drop in exports of around 135 percent from a peak of $3.5 million in 2009-10, the industry has registered a remarkable recovery during the four month
Published 13 Sep, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
Motorcycle exports on the rise due to R&D facility

Motorcycle exports on the rise due to R&D facility

Bike manufacturers in Pakistan have started regaining lost ground in international markets. After a steep drop in exports of around 135 percent from a peak of $3.5 million in 2009-10, the industry has registered a remarkable recovery during the four month
Published 13 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 13 Sep, 2011 12:00am
SSGC meeting may decide to enter LPG market

SSGC meeting may decide to enter LPG market

The outcome of a Sui-Southern Gas Company (SSGC) meeting scheduled on Tuesday is expected to allow it to enter the liquefied petroleum gas (LPG) market to cope with the demand and supply imbalance, officials told this correspondent. Sources said here on M
Published 13 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 13 Sep, 2011 12:00am
SSGC meeting may decide to enter LPG market

SSGC meeting may decide to enter LPG market

The outcome of a Sui-Southern Gas Company (SSGC) meeting scheduled on Tuesday is expected to allow it to enter the liquefied petroleum gas (LPG) market to cope with the demand and supply imbalance, officials told this correspondent. Sources said here on M
Published 13 Sep, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
SSGC meeting may decide to enter LPG market

SSGC meeting may decide to enter LPG market

The outcome of a Sui-Southern Gas Company (SSGC) meeting scheduled on Tuesday is expected to allow it to enter the liquefied petroleum gas (LPG) market to cope with the demand and supply imbalance, officials told this correspondent. Sources said here on M
Published 13 Sep, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 12, 2011).

Published 13 Sep, 2011 12:00am
National Assembly body on Karachi, Quetta approves ToRs

National Assembly body on Karachi, Quetta approves ToRs

The National Assembly's special committee on Karachi and Quetta has approved the Terms of References (ToRs) to probe into the targeted killings in Karachi and worsening law and order situation in Balochistan, which will present its report to the parliamen
Published 13 Sep, 2011 12:00am
The Weather

The Weather

The weather report on Monday (September 12, 2011) and the forecast for Tuesday (September 13, 2011).

Published 13 Sep, 2011 12:00am
Rains caused unprecedented damage: Sharjeel

Rains caused unprecedented damage: Sharjeel

Sindh Information Minister Sharjeel Inam Memon said that rains have affected 13,249 villages and 0.3 million people while 200 people have died so far. Talking to a private news channel on Monday, he said the current spell of monsoon rains has broken all p
Published 13 Sep, 2011 12:00am
Rain-related trade losses reach Rs 30 million

Rain-related trade losses reach Rs 30 million

Trade and business on Monday struggled to retrieve from the last weekend of torrential downpour as the choked drainage system continued to boil and stink, sludge floated and stagnant rainwater hampered pedestrian movement nearly in the city's every market
Published 13 Sep, 2011 12:00am
Kashgar leadership calls on Senator Talha

Kashgar leadership calls on Senator Talha

Commissioner Cheng Zhen Shan and Akbar Ghafoor Deputy Commissioner of Kashgar Prefecture called on Senator Talha Mehmood and his delegation at the Kashgar Hotel on Monday. During the meeting Senator Talha said "Pakistan is passing through a difficult time
Published 13 Sep, 2011 12:00am
LHC dismisses petition after PML-N MPA apology

LHC dismisses petition after PML-N MPA apology

Chief Justice Lahore High Court Ijaz Ahmad Chaudhry on Monday dismissed a petition against a PML-N MPA for illegally transferring a local clerk after he apologised to the court. The chief justice was hearing a case moved by Faiz ullah Bhatti of Hafizabad
Published 13 Sep, 2011 12:00am
Amended sales tax return: experts pinpoint 14 major anomalies

Amended sales tax return: experts pinpoint 14 major anomalies

Tax lawyers and experts have pinpointed 14 major anomalies and ambiguities in the amended sales tax return causing serious problems for the business community in timely filing of returns. In a letter dated September 10, 2011 to Shahid Hussain Asad Member
Published 13 Sep, 2011 12:00am
India, Pakistan to sign MoU on illicit trafficking in narcotics

India, Pakistan to sign MoU on illicit trafficking in narcotics

Easy availability and cheap rates of pharmaceutical manufacturing sector in India is the main source of criminal's easy access to chemicals and other drug related medicines, which is encouraging the illegal drug production in the region, said Major Genera
Published 13 Sep, 2011 12:00am
Difficult decisions taken for brining economy on track: Hafeez

Difficult decisions taken for brining economy on track: Hafeez

Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh has said that the government has taken difficult decisions for brining the economy on track after assuming office 2008. He said that there have been certain upheavals in our economy
Published 13 Sep, 2011 12:00am
PPAF begins offering equity funds to microfinance units

PPAF begins offering equity funds to microfinance units

he Pakistan Poverty Alleviation Fund (PPAF) has started offering the 'Equity Fund' to the most dynamic microfinance institutions and partner organisations to access commercial financing to realise their growth potential and expansion into rural areas.
Published 13 Sep, 2011 12:00am
HHRD distributes food packages in Charsadda

HHRD distributes food packages in Charsadda

Helping Hand for Relief and Development (HHRD) Welfare organisation has distributed food packages in 115 flood affected families of Charsadda here on Monday. Speaking on the occasion, Wasil Mohammad, HHRD Regional Co-ordinator told newsmen that organisati
Published 13 Sep, 2011 12:00am
Eight killed in separate incidents

Eight killed in separate incidents

At least eight persons including a woman were killed in separate incidents at various parts of the metropolis on Monday. According to the police, a security guard of private factory was killed by his own rifle in the limits of Awami Colony police station.
Published 13 Sep, 2011 12:00am
Senators express opposing views on TV anchor's alleged removal

Senators express opposing views on TV anchor's alleged removal

Awami National Party Senator Zahid Khan on Monday condemned what he alleged the removal of a senior TV anchor by a channel's management. Speaking on a point of order, Zahid Khan said the journalist was sacked for speaking against Muttahida Qaumi Movement
Published 13 Sep, 2011 12:00am
GCU holds Inter Universities science poster exhibition

GCU holds Inter Universities science poster exhibition

The Government College University Lahore Chemistry Department held Inter Universities Science Poster Exhibition in collaboration with Ravians Forensic Society and international organisation MENDELEY, on Monday, to highlight the quality research being carr
Published 13 Sep, 2011 12:00am
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