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Archive - 2011-11-01
Spanish shares fall by 5pc
Financial

Spanish shares fall by 5pc

MADRID: Spanish shares plunged by more than five percent on Tuesday in line with falls across Europe after a surprise de
Published 01 Nov, 2011 03:58pm
Gold slips to Rs 47,485
Top News

Gold slips to Rs 47,485

KARACHI : Gold slipped by Rs 515 to close at Rs 47,485 per 10 grams in the local market Monday, as its international pri
Published 01 Nov, 2011 02:13pm
Yahoo! makes $270mn deal for interclick
Top News

Yahoo! makes $270mn deal for interclick

NEW YORK: Yahoo! announced Tuesday that it is buying Internet advertising company interclick in a deal worth $270 millio
Published 01 Nov, 2011 12:39pm
Impressive 307.21-point surge
Markets

Impressive 307.21-point surge

RECORDER REPORT KARACHI: The KSE-100 index on Monday surged by 307.21 points and closed at 11,868.88 points on the ba
Published 01 Nov, 2011 07:22am
Bravo show goes on in Dhaka
Cricket

Bravo show goes on in Dhaka

DHAKA: Darren Bravo remained unbeaten with a solid 151 as the West Indies strengthened their position in the second and
Published 01 Nov, 2011 06:32am
Oil prices down in Asian trade
Energy

Oil prices down in Asian trade

SINGAPORE: World oil prices extended losses Tuesday amid market volatility after a US brokerage firm filed for bankruptc
Published 01 Nov, 2011 05:07am
Change is in the air?
BR Research

Change is in the air?

Change is in the air, just as it had been when Muhammad Ali Jinnah delivered his landmark address in Lahore in 1940. Change is in the air, j
Published 01 Nov, 2011 12:00am
Engros loss is FFCs gain
BR Research

Engros loss is FFCs gain

Stupendous, marvellous and outstanding: Find more such adjectives and they all fit well with the Fauji Fertilizer Company (FFC). You would n
Published 01 Nov, 2011 12:00am
Engro marches on despite hurdles
BR Research

Engro marches on despite hurdles

Engro Corporation despite being in never-ending trouble with its new urea plant registered an impressive 9MCY11 performance with an astoundi
Published 01 Nov, 2011 12:00am
Meezan playing it safe
BR Research

Meezan playing it safe

Bolstered by monumental growth in operating revenues, Meezan Bank (MEBL), the countrys largest Islamic commercial bank, reported a whopping
Published 01 Nov, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 31, 2011).

Published 01 Nov, 2011 12:00am
Newspaper holidays

Newspaper holidays

The member publications of the APNS will observe two closed holidays on account of Eid-ul-Azha on Monday, November 07 and Tuesday, November 08, 2011. Consequently, there will be no morning newspaper on Tuesday, November 08 and Wednesday, November 09, 2011
Published 01 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 01 Nov, 2011 12:00am
Newspaper holidays

Newspaper holidays

The member publications of the APNS will observe two closed holidays on account of Eid-ul-Azha on Monday, November 07 and Tuesday, November 08, 2011. Consequently, there will be no morning newspaper on Tuesday, November 08 and Wednesday, November 09, 2011
Published 01 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 01 Nov, 2011 12:00am
MQM's Tahir takes oath as AJK minister

MQM's Tahir takes oath as AJK minister

Tahir Khokher, the Parliamentary leader of MQM in AJK Legislative Assembly, on Monday took oath of the office as a minister in the People's Party government of Azad Jammu and Kashmir. AJK President Sardar Yaqoob Ahmed Khan administered oath to Tahir Khokh
Published 01 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 31, 2011).

Published 01 Nov, 2011 12:00am
MQM's Tahir takes oath as AJK minister

MQM's Tahir takes oath as AJK minister

Tahir Khokher, the Parliamentary leader of MQM in AJK Legislative Assembly, on Monday took oath of the office as a minister in the People's Party government of Azad Jammu and Kashmir. AJK President Sardar Yaqoob Ahmed Khan administered oath to Tahir Khokh
Published 01 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 31, 2011).

Published 01 Nov, 2011 12:00am
FBR agrees to revisit monthly 'stock statement'

FBR agrees to revisit monthly 'stock statement'

The Federal Board of Revenue has agreed in principle to revisit the existing monthly 'stock statement' to obtain sufficient information about the ST-paid raw materials and inputs consumed in the manufacture of finished products.
Published 01 Nov, 2011 12:00am
The Weather

The Weather

The weather report on Monday (October 31, 2011) and the forecast for Tuesday (November 01, 2011).

Published 01 Nov, 2011 12:00am
FBR agrees to revisit monthly 'stock statement'

FBR agrees to revisit monthly 'stock statement'

The Federal Board of Revenue has agreed in principle to revisit the existing monthly 'stock statement' to obtain sufficient information about the ST-paid raw materials and inputs consumed in the manufacture of finished products.
Published 01 Nov, 2011 12:00am
FBR agrees to revisit monthly ''stock statement''

FBR agrees to revisit monthly ''stock statement''

The Federal Board of Revenue has agreed in principle to revisit the existing monthly ''stock statement'' to obtain sufficient information about the ST-paid raw materials and inputs consumed in the manufacture of finished products.
Published 01 Nov, 2011 12:00am
Code of Conduct for collection of hides announced

Code of Conduct for collection of hides announced

"Cases would be registered under the anti-terrorist act against those who would be involved in forcedly collection of animal hides", Sindh government on Monday has announced 12-point-Code of Conduct in this regard with the consensus of all political parti
Published 01 Nov, 2011 12:00am
Abbottabad commission conducts interview of foreign secretary

Abbottabad commission conducts interview of foreign secretary

The inquiry commission on Abbottabad Operation on Monday conducted a detailed interview of the foreign secretary who presented his perception about the incident. The commission met here under the chairmanship of Justice Javed Iqbal, former senior judge of
Published 01 Nov, 2011 12:00am
Sialkot lynching case: last accused granted bail

Sialkot lynching case: last accused granted bail

The Lahore High Court on Monday granted bail to the last accused among the policemen, constable Yasin, in Sialkot lynching case. The court allowed bail to constable Yasin following the grant of the same relief to DPO and the six other policemen who were a
Published 01 Nov, 2011 12:00am
Government announces two Eid holidays

Government announces two Eid holidays

Federal Government on Monday announced 2 holidays of Eid-ul-Azha. Eid holidays will fall on November 7-8 while on November 9 will also be holiday in connection with Iqbal Day. Overall, government employees will enjoy a five-day long break from work as Eid
Published 01 Nov, 2011 12:00am
Forecast of heavy rains: leaves of CDGK staff cancelled

Forecast of heavy rains: leaves of CDGK staff cancelled

City District government Karachi (CDGK) has cancelled the leaves of officers and subordinate staff of city government and town administration in view of the forecast of heavy rains in the city. DCO Karachi Roshan Ali Shaikh instructed the officers to ensu
Published 01 Nov, 2011 12:00am
Plea against drone attacks filed

Plea against drone attacks filed

A petition against the US drone attacks has been field by the Watan Party before the Supreme Court of Pakistan. Watan Party through Barrister Zafarullah Khan contended that America was going ahead with its nefarious designs against Pakistan on baseless ch
Published 01 Nov, 2011 12:00am
Khyber Pakhtunkhwa sugar output set to decline by 6.6 percent

Khyber Pakhtunkhwa sugar output set to decline by 6.6 percent

The Economic Co-ordination Committee (ECC) of the Cabinet has been informed that sugar production in Khyber Pakhtunkhwa is estimated to decline by 6.6 percent during the current fiscal year (2011-12), it is learnt. Sources said the agriculture department
Published 01 Nov, 2011 12:00am
Dr Asim for new wells gas supply only to industries

Dr Asim for new wells gas supply only to industries

Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain has announced that in the future gas discovered from new wells would only be supplied to the industrial estates in the country. Addressing the members of Korangi Association of Trade an
Published 01 Nov, 2011 12:00am
Details of assets declared after exile: Shahbaz

Details of assets declared after exile: Shahbaz

Punjab Chief Minister Shahbaz Sharif has maintained that he had announced the details of all his assets on return to Pakistan after exile and after that, detail of assets is being submitted to official record every year by him. In a statement issued here
Published 01 Nov, 2011 12:00am
Three target killers among 10 arrested

Three target killers among 10 arrested

Law Enforcement Agencies (LEAs) on Monday claimed to have arrested over 10 suspects including three alleged target killers in separate raids at various parts of the metropolis. According to police sources, Landhi police have nabbed an alleged target kille
Published 01 Nov, 2011 12:00am
Khyber Pakhtunkhwa APC agree on using all options on net profit arrears

Khyber Pakhtunkhwa APC agree on using all options on net profit arrears

All Parties Conference of Khyber-Pakhtunkhwa on Monday agreed to support the ANP-led provincial government in using any option regarding the payment of arrears in head of net profit on hydro-power generation and construction of new water reservoirs. The c
Published 01 Nov, 2011 12:00am
Shortage of paramedical staff at CHK: Heart patients facing difficulties

Shortage of paramedical staff at CHK: Heart patients facing difficulties

The heart patients at the Civil Hospital Karachi are facing difficulties due to the shortage of paramedical staff in the cardiology department. The visiting patients were seen queuing up for hours at the echo department of the hospital, who had come for a
Published 01 Nov, 2011 12:00am
'NH&MP present itself as a role model'

'NH&MP present itself as a role model'

National Highways & Motorway Police (NH&MP) has presented itself as a role model and other departments should emulate it, said the out-going Inspector General (IG) Zafarullah Khan. While addressing a farewell party arranged by the NH&MP officers and staff
Published 01 Nov, 2011 12:00am
104 more HIV/AIDS cases reported in Sindh

104 more HIV/AIDS cases reported in Sindh

HIV/AIDS disease is rapidly spreading in Sindh as 104 more cases have been reported at various government run hospitals, Business Recorder learnt on Monday. According to a report compiled by Sindh AIDS Control Programme (SACP), 104 more patients of
Published 01 Nov, 2011 12:00am
Scattered rain, thundershower may hit lower Sindh

Scattered rain, thundershower may hit lower Sindh

A strong weather system in the Central Arabia Sea is expected to swirl towards the Oman coast in the next 24 to 36 hours, the Met Office said on Monday. In the fresh weather advisory-2, the forecaster says "yesterday's "Tropical Depression" (strong weathe
Published 01 Nov, 2011 12:00am
Cattle trader among two persons killed

Cattle trader among two persons killed

At least two persons including a trader of cattle were killed in separate incidents at various parts of the metropolis here on Monday. According to police and rescuers, a trader of cattle was shot dead in cattle market at Super Highway in the limits of Sa
Published 01 Nov, 2011 12:00am
Engro announces after-tax profit of Rs 5.59 billion

Engro announces after-tax profit of Rs 5.59 billion

The Board of Directors of Engro Corporation Limited have announced a profit after tax of Rs 5.59 billion for the nine months ended September 30, 2011. According to a press release issued here on Monday, Engro Corp's revenue recorded an increase of 47 perc
Published 01 Nov, 2011 12:00am
Engro announces after-tax profit of Rs 5.59 billion

Engro announces after-tax profit of Rs 5.59 billion

The Board of Directors of Engro Corporation Limited have announced a profit after tax of Rs 5.59 billion for the nine months ended September 30, 2011. According to a press release issued here on Monday, Engro Corp's revenue recorded an increase of 47 perc
Published 01 Nov, 2011 12:00am
Transparency International team calls on NAB chief

Transparency International team calls on NAB chief

A team of Transparency International led by Sohail Muzaffar called on the Chairman NAB, Admira Fasih Bokhari (Retd) and discussed the process of Accountability and the areas of mutual co-operation between the two organisations to root out corruption from
Published 01 Nov, 2011 12:00am
Speakers for forging unity, promotion of interfaith harmony

Speakers for forging unity, promotion of interfaith harmony

Speakers at a seminar have stressed the need for forging unity and promotion of interfaith harmony between all religions and sects for maintenance of everlasting peace in the region and called upon the media to play due role for creation in this regard.
Published 01 Nov, 2011 12:00am
Application of Mumbai attacks accused dismissed

Application of Mumbai attacks accused dismissed

Lahore High Court (LHC) Chief Justice here on Monday dismissed an application of an accused of Mumbai attacks Zakiur Rehman Lakhvi, seeking transfer of his trial proceedings from a Rawalpindi anti-terrorism court to Lahore.
Published 01 Nov, 2011 12:00am
'India in conjunction with Jewish lobby violating Indus Treaty'

'India in conjunction with Jewish lobby violating Indus Treaty'

Chairman of Indus Basin Water Council Pakistan (IBWC) Hafiz Zahoor-ul-Hassan Dahar and Secretary Muhammad Burhan Khan Lashari said that Government had extorted Rs 33 billion from the power consumers in the name of Neelum-Jhelum Power Project. Later this p
Published 01 Nov, 2011 12:00am
PIMS' hotels, cafes fleecing people by overcharging

PIMS' hotels, cafes fleecing people by overcharging

Hotels and cafes at Pakistan Institute of Medical Sciences (PIMS) are fleecing people by overcharging the customers besides serving substandard food items. Hundreds of people coming to PIMS from across the country for treatment and take meal from these ho
Published 01 Nov, 2011 12:00am
ICAP organises day-long workshop

ICAP organises day-long workshop

Institute of Chartered Accountant of Pakistan (ICAP) is organising a day-long workshop on "Sindh Sales Tax on Services Act, 2011" November1, 2011, (today).
Published 01 Nov, 2011 12:00am
Flood-hit, poor people: UWT to distribute sacrificial meat

Flood-hit, poor people: UWT to distribute sacrificial meat

Ummah Welfare Trust(UWT), a charity organisation, has decided to give more than 4,000 animals Qurbani on eve of religious festival "Eid-ul-Azha" to distribute sacrificial meat among flood-hit, deserving and poor people of the country.
Published 01 Nov, 2011 12:00am
Gold price falls

Gold price falls

The price of gold on Monday fell to Rs 56, 000 per tola posting a decline of Rs 700 on the local market, traders said. The price of gold per 10 grams also receded by Rs 600 to Rs 48, 000 in a single day trading. On the international market, the price prec
Published 01 Nov, 2011 12:00am
PML-N Women Wing condemns attack on offices

PML-N Women Wing condemns attack on offices

Shazia Auranzeb Khan of Pakistan Muslim League PML-N women wing on Monday condemned attack on party offices in Karachi saying that the PML-N activists can not be terrorized through such tactics. Addressing at press conference at Peshawar Press Club (PPC)
Published 01 Nov, 2011 12:00am
PKBFC works for strong business, cultural ties

PKBFC works for strong business, cultural ties

Pakistan Korea Business and Friendship Council (PKBFC) is a forum working for strong business and cultural ties between Pakistan and Korea. In relation to this Galaxy Pharma (Pvt) Ltd (a renowned pharmaceutical company working with an aim not only to prov
Published 01 Nov, 2011 12:00am
Interwood now in Gujranwala

Interwood now in Gujranwala

Interwood is proud to announce its new dealer Shelwood in a local hotel here. The opening ceremony was held on 23rd of October. Saeed Iqbal Wahla (Commissioner of Gujranwala Division) and Kamran Rasool (Ex-Chief Secretary Punjab and Ex Military Secretary)
Published 01 Nov, 2011 12:00am
YDA calls off strike

YDA calls off strike

Postgraduate doctors of Dow University of Health Sciences (DUHS) serving at Civil Hospital Karachi have decided not to go for strike after getting firm reassurance from Sindh Health Minister Dr Sagheer Ahmed that their stipend issues would be resolved as
Published 01 Nov, 2011 12:00am
Fishermen advised not to venture into open sea

Fishermen advised not to venture into open sea

Sindh fisheries department on Monday has advised the fishermen not to venture into open sea for next three days in view of heavy rain forecast by the Met office during the period. This was said by the Provincial Minister for Fisheries Zahid Ali Bhurguri w
Published 01 Nov, 2011 12:00am
Police arrest outlaws

Police arrest outlaws

Police arrested six persons for their alleged involvement in kidnapping for ransom cases along with eleven other outlaws from whom wine bottles, pistols and looted items were recovered. A police spokesman said that police raided at hideout and rounded up
Published 01 Nov, 2011 12:00am
Abducted student returns home

Abducted student returns home

A student of primary school, who was kidnapped from Garearrha Shahjahan village of District Bannu, reached home safely, police informed on Monday. According to details, the student of a local primary school was kidnapped last month by unidentified men fro
Published 01 Nov, 2011 12:00am
BISE notification

BISE notification

The Controller of Examination, Board of Intermediate and Secondary Education (BISE), Hyderabad has notified for all concerned that the Morning-Evening papers which were scheduled to be held on October 24, 2011 had been postponed due to sad demise of Nusra
Published 01 Nov, 2011 12:00am
Workshop

Workshop

Institute of Chartered Accountant of Pakistan (ICAP) is organising a daylong workshop on "Sindh Sales Tax on Services Act, 2011" November 1, 2011 (today). Nazar Hussain Mehar, Chairman, Sindh Revenue Board would be the chief guest and Asif Kasbati, FCA, D
Published 01 Nov, 2011 12:00am
International Agriculture Conference commences today

International Agriculture Conference commences today

Farmers Associates Pakistan (FAP) has arranged a two-day International Agricultural Conference from Tuesday at a local hotel. Punjab Chief Minister Muhammad Shahbaz Sharif would preside over the inaugural session whereas Speaker Punjab Assembly Rana Iqbal
Published 01 Nov, 2011 12:00am
Majority of flood victims return homes

Majority of flood victims return homes

The majority of flood-hit people have returned to their villages and towns as 50 percent of floodwater has receded in 16 flood-hit districts in Sindh. "The life is returning to normal as people are coming back to their homes and 90 percent children have s
Published 01 Nov, 2011 12:00am
'New' Libya and future of Arab Spring

'New' Libya and future of Arab Spring

From Monday onward the Libyan National Council (NTC) will be on its own to defend and protect its revolution. Much to its disappointment, the United Nations Security Council has unanimously voted to end its mandate for international military action in Lib
Published 01 Nov, 2011 12:00am
Improving trade and investment opportunities

Improving trade and investment opportunities

The biennial commonwealth heads of government meeting has come to be seen as a worthless affair. Which is why this year's meeting in Perth deliberated on a 200-page report aimed at reform of the 54-member forum in order to make it relevant to a changing w
Published 01 Nov, 2011 12:00am
Taxpayers' woes

Taxpayers' woes

The Federal Board of Revenue (FBR) indeed faces many challenges, the biggest being attaining a hike in the tax-to-GDP ratio. It is a tough ask given the fact that vast chunks of the economy remain undocumented, but equally true is the fact that FBR went a
Published 01 Nov, 2011 12:00am
Selecting the proverbial Top Gun

Selecting the proverbial Top Gun

Moviegoers from my generation probably remember Tom Cruise competing to be the best of the best pilot in the movie "Top gun". While this article is not about fighter pilots, the analogy is appropriate, after all the best of the best should logically lead
Published 01 Nov, 2011 12:00am
Grappling with the flood menace

Grappling with the flood menace

Indeed, the floods Pakistan has experienced for two consecutive years may be part of larger phenomenon of global warming. Scientific data shows that nine out of the ten years of the last decade were the warmest since weather records began. Consequently, f
Published 01 Nov, 2011 12:00am
Withdrawal of ST form, SRO suspension welcomed

Withdrawal of ST form, SRO suspension welcomed

Pakistan Industrial and Traders Association Front (PIAF) has welcomed the withdrawal of Sales Tax Form D and suspension of SRO 821(I) 2011 and paid rich tributes to Chairman Federal Board of Revenue, Salman Siddiq for accepting the demands of the business
Published 01 Nov, 2011 12:00am
Dengue control: WHO acknowledges Punjab government's efforts

Dengue control: WHO acknowledges Punjab government's efforts

World Health Organisation (WHO) has acknowledged the Punjab government efforts aimed at eradication of dengue in the province. Sources in the health department said on Monday that Dr Margaret of World Health Organization in a conference held in Cairo on O
Published 01 Nov, 2011 12:00am
UAE ambassador meets Elahi

UAE ambassador meets Elahi

Ambassador of UAE in Pakistan Eisa Abdullah Albasha Al Nuaimi on Monday called on Federal Minister Chaudhry Pervaiz Elahi and discussed matters of mutual interests, regional situation and bilateral relations between the two countries. Elahi said that both
Published 01 Nov, 2011 12:00am
FBR urged to withdraw amendments made in ST regime

FBR urged to withdraw amendments made in ST regime

The Business Community of Southern Punjab demanded Federal Board of Revenue (FBR) to withdraw the unnecessary amendments made in Sales Tax regime which caused troubles for them.
Published 01 Nov, 2011 12:00am
Tariff hike: power loom workers stage protest demonstration

Tariff hike: power loom workers stage protest demonstration

More than 1000 workers and owners of power looms on Monday staged a demonstration at Chowk Manazoorabad to protest against increasing power tariff by 100 percent in three years, and recent increase of Rs 3.04 per unit and failure to supply electricity reg
Published 01 Nov, 2011 12:00am
Two weekly holidays, loadshedding MCCI seeks exemption

Two weekly holidays, loadshedding MCCI seeks exemption

Multan Chamber of Commerce and Industry (MCCI) on Monday reiterated its demand of immediate exemption for entire industrial sector from two weekly holidays and power and gas loadshedding to help strengthen the bleak national economy besides saving the ind
Published 01 Nov, 2011 12:00am
MFN status to India: FAP threatens to block agriculture products' import

MFN status to India: FAP threatens to block agriculture products' import

Farmers Associates Pakistan (FAP) has warned that if the decision to grant Most Favoured Nation (MFN) status to India is implemented without taking farmers' bodies on board, growers will be compelled to physically block imports of agri-products from India
Published 01 Nov, 2011 12:00am
48th AGM of SNGPL held

48th AGM of SNGPL held

The 48th Annual General Meeting (AGM) of the Sui Northern Gas Pipelines Limited (SNGPL) was held at local hotel, here on Monday. Chairman SNGPL, Mian Misbah-ur-Rehman chaired the meeting. The company's annual accounts for the year ended June 30, 2011 were
Published 01 Nov, 2011 12:00am
Punjab University PhD scholars' papers approved

Punjab University PhD scholars' papers approved

A meeting of Punjab University Advanced Studies and Research Board (AS&RB) was held under the chairmanship of Vice Chancellor, Professor Dr Mujahid Kamran, here Monday, wherein solved cases of PhD scholars were presented for review by different PU departm
Published 01 Nov, 2011 12:00am
PTI for holding LB elections immediately

PTI for holding LB elections immediately

Pakistan Tahreek-e-Insaf (PTI) on Monday demanded that local bodies' elections should be held immediately. Addressing a press conference, PTI President Lahore, Mahmoodur Rashid said the legislators have failed to address the problems faced by the people a
Published 01 Nov, 2011 12:00am
Wateen unveils new corporate identity

Wateen unveils new corporate identity

Wateen Telecom, Pakistan's leading converged communication services provider, is proud to announce its new corporate identity in line with the vision laid out by its new management team. Speaking on the occasion, Naeem Zamindar, CEO Wateen Telecom, said,
Published 01 Nov, 2011 12:00am
Formation of 'expert advisory core group' on dengue approved

Formation of 'expert advisory core group' on dengue approved

Punjab Chief Minister, Muhammad Shahbaz Sharif has accorded approval to the formation of 'expert advisory core group' on dengue. The group comprising senior doctors and experts will be completely independent and will look after the matters regarding eradi
Published 01 Nov, 2011 12:00am
Man admits to have abused 48 female corpses

Man admits to have abused 48 female corpses

The story of the man who was caught on the charge of desecrating 48 female bodies has sent shivers down the spine, and people are dumbfounded over this dastardly act and consider it unholy and as disparaging as the act of cannibals. A case of grave mental
Published 01 Nov, 2011 12:00am
Nishat Chunian suffers Rs 85.889 million after-tax loss

Nishat Chunian suffers Rs 85.889 million after-tax loss

Nishat (Chunian) Limited has posted Rs 85.889 million as after-tax loss in the quarter ended on September 30, 2011 as compared to Rs 477.454 million profit after tax posted in the corresponding quarter in 2010.
Published 01 Nov, 2011 12:00am
CIA busts gang of dacoits

CIA busts gang of dacoits

Crime Investigation Agency (CIA) busted a notorious gang of dacoits and seized illegal weapons. A police spokesman said that CIA police team raided a jungle area near Pir Sohawa chowk and arrested four dacoits and seized 44 bore guns, 12 bore guns and 30
Published 01 Nov, 2011 12:00am
Man held for beheading his colleague

Man held for beheading his colleague

Police have arrested the alleged killer, who beheaded his colleague and dumped his body in the green belt of sector G-9/1. A police spokesman said that a body stuffed in a sack was found from green belt of sector G-9/1 on October 11 and shifted to hospita
Published 01 Nov, 2011 12:00am
FFC earns over Rs 13 billion after-tax profit

FFC earns over Rs 13 billion after-tax profit

The after-tax profit of Fauji Fertiliser Co (FFC) increased to Rs 13.834 billion in the nine-month period ended on September 30, 2011 as compared to Rs 7.020 billion earned in the corresponding period of 2010. The company's earning per share (EPS) increas
Published 01 Nov, 2011 12:00am
FFC earns over Rs 13 billion after-tax profit

FFC earns over Rs 13 billion after-tax profit

The after-tax profit of Fauji Fertiliser Co (FFC) increased to Rs 13.834 billion in the nine-month period ended on September 30, 2011 as compared to Rs 7.020 billion earned in the corresponding period of 2010. The company's earning per share (EPS) increas
Published 01 Nov, 2011 12:00am
Meezan Bank achieves 130 percent growth

Meezan Bank achieves 130 percent growth

Meezan Bank Limited has achieved 130 percent growth in its profit after tax that stood at Rs 2,292 million for the nine month period ended September 30, 2011 as compared to Rs 995 million earned in the corresponding period last year. The largest Islamic b
Published 01 Nov, 2011 12:00am
Meezan Bank achieves 130 percent growth

Meezan Bank achieves 130 percent growth

Meezan Bank Limited has achieved 130 percent growth in its profit after tax that stood at Rs 2,292 million for the nine month period ended September 30, 2011 as compared to Rs 995 million earned in the corresponding period last year. The largest Islamic b
Published 01 Nov, 2011 12:00am
SECP finalises revisions to Code of Corporate Governance

SECP finalises revisions to Code of Corporate Governance

The Securities and Exchange Commission of Pakistan (SECP) held a meeting with the Pakistan Institute of Corporate Governance (PICG) task force to finalise the proposed revisions to the Code of Corporate Governance. The meeting was held at the SECP office
Published 01 Nov, 2011 12:00am
Two robbers killed in encounter

Two robbers killed in encounter

National Highways & Motorway Police (NH&MP) North (N-5) killed two robbers in an encounter on Monday night. Spokesperson of NH&MP (N-5) told Business Recorder that NH&MP personnel killed two robbers who were trying to flee after committing robbery
Published 01 Nov, 2011 12:00am
IBP urged to adopt latest training techniques

IBP urged to adopt latest training techniques

The Deputy Governor, State Bank of Pakistan (SBP), Muhammad Kamran Shehzad has stressed upon the Institute of Bankers in Pakistan (IBP) to shift from conventional training programmes to modern training techniques for the new generation of bankers.
Published 01 Nov, 2011 12:00am
Italian mosaic designer meets Pasdec chief

Italian mosaic designer meets Pasdec chief

Italian mosaic designer Giulio Vinaccia called on Chief Executive Officer Pakistan Stone Development Company (Pasdec), Ihsanullah Khan and discussed 3D usage in mosaic designing. Vinaccia highlighted the importance of 3D designing in marble mosaic making,
Published 01 Nov, 2011 12:00am
'Entry barriers key reasons for people to remain in informal sector'

'Entry barriers key reasons for people to remain in informal sector'

Speakers at a discussion forum on 'The Informal Enterprise in Pakistan: Challenges for Growth' said that the informal sector in Pakistan has grown more rapidly than the formal economy over the last three decades, and the size of the informal sector is not
Published 01 Nov, 2011 12:00am
PESCO staff urged to address to customers' problems

PESCO staff urged to address to customers' problems

Chief Executive Officer of Peshawar Electric Supply Company (PESCO) Muhammad Wali has directed the field staff across to address the problems being faced by the customers on priority basis besides avoiding over-billing. He issued the instructions while ch
Published 01 Nov, 2011 12:00am
Master plan of DHA City Karachi unveiled

Master plan of DHA City Karachi unveiled

The final master plan of DHA City Karachi (DCK), an upcoming residential-cum-commercial project on Super Highway, was unveiled in a special meeting of DHA's Executive Board chaired by its president Lieutenant General Zahirul Islam held here on Monday.
Published 01 Nov, 2011 12:00am
Mumtaz asks Nawaz, Imran to join hands to oust Zardari

Mumtaz asks Nawaz, Imran to join hands to oust Zardari

Chairman, Sindh National Front (SNF), Mumtaz Ali Bhutto says the rallies and public meetings of Shahbaz Sharif and Imran Khan have proved that the people of Punjab would no more tolerate corrupt rule of President Asif Ali Zardari. "I congratulate both of
Published 01 Nov, 2011 12:00am
JICA dispatches group for basic education admin course to Japan

JICA dispatches group for basic education admin course to Japan

Japan International Co-operation Agency (JICA) dispatched a 12 member group for "Basic Education Administration Course" to Japan. For this 18 days course, a send-off ceremony was organised here on Monday. In a statement it has been said that Takatoshi Nis
Published 01 Nov, 2011 12:00am
Fruits worth $40 million being smuggled yearly to Iran

Fruits worth $40 million being smuggled yearly to Iran

Almost $40 million fruits are being smuggled to Iran annually, resulting in substantial loss of revenue to Pakistan on the exports of fruits and vegetables to that country. The issue was raised by Harvest Trading CEO in a meeting with the CEO of Pakistan
Published 01 Nov, 2011 12:00am
NBFIs, modarabas' role in economic growth lauded

NBFIs, modarabas' role in economic growth lauded

The non-banking financial sector and Modarabas play a very significant role in the economic growth of the country, particularly for credit delivery to SMEs and mobilising investments through regulated channels. These views were expressed by the Chairman o
Published 01 Nov, 2011 12:00am
NBFIs, modarabas' role in economic growth lauded

NBFIs, modarabas' role in economic growth lauded

The non-banking financial sector and Modarabas play a very significant role in the economic growth of the country, particularly for credit delivery to SMEs and mobilising investments through regulated channels. These views were expressed by the Chairman o
Published 01 Nov, 2011 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold lost nearly 1 percent of its value in thinner-than-usual trade on Monday, after Japan's intervention to weaken the yen sent the dollar soaring and commodities and other risk assets into a tailspin at the start of the week. The currency-led selling pr
Published 01 Nov, 2011 12:00am
US MIDDAY: copper slips

US MIDDAY: copper slips

Copper capped its best monthly performance in nearly a year with a 2 percent loss on Monday, as the dollar rose and enthusiasm for Europe's debt deal gave way to the view the region's economic problems are far from over. In New York, the key December COME
Published 01 Nov, 2011 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

US grains dropped early on Monday, with wheat falling over 2 percent for its biggest one-day decline in almost three weeks, as the dollar surged against the yen and new concerns arose over Europe's debt crisis. The Chicago Mercantile Exchange, which owns
Published 01 Nov, 2011 12:00am
Gold slides in London

Gold slides in London

Gold fell by nearly 1 percent on Monday, following its best weekly performance in a month, after Japan's intervention in the currency market triggered a spike in the dollar, which was already benefiting from ongoing concern about the eurozone. Japan inter
Published 01 Nov, 2011 12:00am
Gold slides two percent in Asia

Gold slides two percent in Asia

Spot gold prices dropped nearly 2 percent on Monday, after Japan's intervention in the currency market triggered a spike in the dollar, spooking precious metals investors and setting bullion up for its biggest one-day drop in four weeks.
Published 01 Nov, 2011 12:00am
Oil edges lower; posts monthly gain

Oil edges lower; posts monthly gain

Oil prices slipped in low-volume trading on Monday, but posted big monthly gains, as the dollar rose against the yen after Japan intervened in the market to stem the rise of its currency. Brokers and analysts attributed at least some of the weak volume an
Published 01 Nov, 2011 12:00am
Coffee tumbles four percent

Coffee tumbles four percent

Coffee futures sank roughly 4 percent on Monday, on selling related to the strong dollar after Japan sold the yen for the second time in less than three months, while sugar and cocoa also dropped. "We're in a liquidation phase because of headline news and
Published 01 Nov, 2011 12:00am
Tokyo, Shanghai rubber lower

Tokyo, Shanghai rubber lower

Tokyo rubber futures slipped on Monday, tracking falls in share and oil prices, with renewed concern over Europe's plan to tackle its debts also weighing prices down, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for April de
Published 01 Nov, 2011 12:00am
Malaysian palm oil drops

Malaysian palm oil drops

Malaysian palm oil futures dropped on Monday, sliding along with other commodities as the dollar jumped on Japanese intervention to weaken the yen, and on continuing caution over the state of the global economy. The dollar jumped to a three-month high aga
Published 01 Nov, 2011 12:00am
Copper slips, enthusiasm over EU deal tempered

Copper slips, enthusiasm over EU deal tempered

Copper fell on Monday as the dollar rose and enthusiasm for Europe's debt deal gave way to the view the region's economic problems are far from over, though the metal remained on track for its biggest monthly rise since last December. Three-month copper o
Published 01 Nov, 2011 12:00am
Shanghai copper down

Shanghai copper down

The most-active January copper contract on the Shanghai Futures Exchange slipped 1.7 percent to 58,230 yuan ($9,157.68) per tonne on Monday, after jumping 2.1 percent on Friday. It is on track to post a rise of 6.3 percent, the biggest monthly gain since
Published 01 Nov, 2011 12:00am
New York cotton falls on month-end liquidation, profit-taking

New York cotton falls on month-end liquidation, profit-taking

Cotton futures closed lower Monday on month-end liquidation and profit-taking as the market eased for the first time in seven sessions and may consolidate after its recent surge, analysts said. The key December cotton contract on ICE Futures US dropped 2.
Published 01 Nov, 2011 12:00am
Fauji Fertiliser Bin Qasim Limited

Fauji Fertiliser Bin Qasim Limited

In November 1993, Fauji Fertiliser Company, Fauji Foundation and Jordan Phosphate Mines Company (JPMC), established the FFC-Jordan Fertiliser Company (FJFC) as a joint venture. At that time, Fauji Fertiliser Company owned a 30 percent stake in FJFC, while
Published 01 Nov, 2011 12:00am
Fauji Fertiliser Bin Qasim Limited

Fauji Fertiliser Bin Qasim Limited

In November 1993, Fauji Fertiliser Company, Fauji Foundation and Jordan Phosphate Mines Company (JPMC), established the FFC-Jordan Fertiliser Company (FJFC) as a joint venture. At that time, Fauji Fertiliser Company owned a 30 percent stake in FJFC, while
Published 01 Nov, 2011 12:00am
Government flayed for worsening condition of women crisis centres

Government flayed for worsening condition of women crisis centres

The government claim to empower womenfolk is mere a lip service as worsening condition of women crisis centres, renamed as Shaheed Benazir Bhutto Women Centres, shows its treatment to more than half of the country's population. This was stated by Nelofar
Published 01 Nov, 2011 12:00am
CCP issues show-cause notice to SC Johnson & Son Pakistan

CCP issues show-cause notice to SC Johnson & Son Pakistan

The Competition Commission of Pakistan (CCP) has issued a show cause notice to M/s SC Johnson & Son Pakistan Limited for prima facie violations of section 10 of the Competition Act, 2010 that deals with deceptive marketing practices.
Published 01 Nov, 2011 12:00am
CoAS leaves for Turkey to attend Istanbul Summit

CoAS leaves for Turkey to attend Istanbul Summit

Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani left for Turkey on Monday to participate in 6th Summit on Afghanistan to be held on November 1 in Istanbul under the chairmanship of Turkish President Abdullah Gul. In a statement, ISPR said that th
Published 01 Nov, 2011 12:00am
US snowstorm toll rises to 12

US snowstorm toll rises to 12

The north-eastern United States dug out Monday from an unseasonable snowstorm with officials warning families against Halloween trick-or-treating in extreme conditions that left 12 people dead. Some two million homes were without power across the region,
Published 01 Nov, 2011 12:00am
FBI releases video, papers on Russian spy ring

FBI releases video, papers on Russian spy ring

The FBI on Monday released surveillance tapes, photos and hundreds of pages of documents that shed new light on operation "Ghost Stories," the bureau's investigation of a ring of Russian sleeper agents that ended after more than a decade in the biggest sp
Published 01 Nov, 2011 12:00am
Kyrgyz Prime Minister claims election victory

Kyrgyz Prime Minister claims election victory

Kyrgyzstan's Moscow-backed prime minister claimed victory on Monday in a presidential election tainted by charges of voting abuses and protests by defeated challengers from the restive south of the former Soviet republic. With more than 99 percent of ball
Published 01 Nov, 2011 12:00am
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