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Archive - 2012-02-03
Stocks up; rupee weakens
Markets

Stocks up; rupee weakens

KARACHI: Shares ended higher on Friday in healthy turnover led by the textile sector after a World Trade Organisation co
Published 03 Feb, 2012 07:49pm
Commodity markets mainly drop over week
Top News

Commodity markets mainly drop over week

LONDON: Commodities mostly fell this week as traders balanced the weaker dollar and stalled Greek debt talks against ong
Published 03 Feb, 2012 02:30pm
RECORDER REPORT: KSE-100 close of day
Top News

RECORDER REPORT: KSE-100 close of day

KARACHI: The KSE-100 index on Friday increased by 52.84 points and closed at 11,982.62 level on the back of selective bu
Published 03 Feb, 2012 02:06pm
'Israel may strike Iran in spring'
Top News

'Israel may strike Iran in spring'

BRUSSELS : US Defense Secretary Leon Panetta believes there is a "strong likelihood" that Israel will strike Iran '
Published 03 Feb, 2012 01:17pm
PM inaugurates Business Express
Top News

PM inaugurates Business Express

KARACHI : The first non-stop business train has started operations as reported by the media on Friday. On Friday, Pri
Published 03 Feb, 2012 01:16pm
A sobering look at Facebook
Top News

A sobering look at Facebook

SAN FRANCISCO : It's the year's hottest initial public offering, but some wealth managers find themselves having a hard
Published 03 Feb, 2012 10:55am
At least four killed in Ring Road blast
Top News

At least four killed in Ring Road blast

PESHAWAR: At least four people have been killed in a blast on Ring Road, the media reported on Friday. According to the
Published 03 Feb, 2012 10:46am
LPG jumps by Rs15 per ton
Top News

LPG jumps by Rs15 per ton

KARACHI: Local producers of liquefied petroleum gas (LPG) have shifted the burden of levy on LPG to 60 million consumers
Published 03 Feb, 2012 10:45am
Will go to jail if convicted: Gilani
Top News

Will go to jail if convicted: Gilani

KARACHI : The Supreme Court of Pakistan has once again summoned Prime Minister Syed Yousuf Raza Gilani 13 in the contemp
Published 03 Feb, 2012 10:39am
KSE-100 mid day update
Top News

KSE-100 mid day update

Recorder Report KARACHI: On Friday, until the end of first session, KSE-100 Index remained largely positive and was at
Published 03 Feb, 2012 07:35am
Two protesters shot dead: Egypt
Africa

Two protesters shot dead: Egypt

CAIRO: Two Egyptian protesters were shot dead during clashes with police late on Thursday in the city of Suez, medical s
Published 03 Feb, 2012 05:27am
Pakistan Oilfields Limited
BR Research

Pakistan Oilfields Limited

Pakistan Oilfields Limited (POL) announced its 1HFY12 financial results, which are below the market consensus estimates. The E&P Company was
Published 03 Feb, 2012 12:00am
Prices maintained on cotton market

Prices maintained on cotton market

Cotton traders reported a continuing regular stance in the ready market on Thursday with reports that a record crop between 14 million to 14.50 million domestic size bales will be reaped during the current season (August 2011-July 2012). Lifting of lint h
Published 03 Feb, 2012 12:00am
Firmness prevails as prices retain overnight levels on cotton market

Firmness prevails as prices retain overnight levels on cotton market

Firmness prevailed on cotton market on Thursday as prices almost retained at the last levels, traders said. KCA left the official spot rate unchanged at Rs 5.700, they said. Similarly the seed cotton prices did not move any side, remained in Sindh at Rs 1
Published 03 Feb, 2012 12:00am
Oil cake market rates

Oil cake market rates

Dawn trend was observed on the forward cottonseed oilcake market on Thursday in process of trading. The March contract that had closed at Rs 772.30 opened with a loss of 30 paisa at Rs 772.00. The May vaida which closed at Rs 699.80 opened with a loss of
Published 03 Feb, 2012 12:00am
Kenya's tea price rises

Kenya's tea price rises

The average price of the top grade Kenyan tea rose to $3.17 per kg at auction this week from $2.98 per kg in the previous sale, due to higher demand, brokers said on Tuesday. Mombasa-based Africa Tea Brokers (ATB) said the amount of tea offered for sale f
Published 03 Feb, 2012 12:00am
China to buy soya on US trip, but no big one-off deal seen

China to buy soya on US trip, but no big one-off deal seen

China will sign soybean import deals during a US trip by Vice President Xi Jinping this month, but volumes are likely to fall short of the biggest ever one-off deal signed during a Chinese visit last year, industry officials said on Thursday. US soyabean
Published 03 Feb, 2012 12:00am
Indonesia's January Sumatra coffee bean exports fall

Indonesia's January Sumatra coffee bean exports fall

Robusta coffee bean exports for January from Indonesia's main growing area in Sumatra slumped 64 percent to 6,306.41 tonnes from a year earlier, government trade data showed on Thursday. Indonesia shipped 17,589.10 tonnes of robusta in the same month a ye
Published 03 Feb, 2012 12:00am
Minor changes observed on seed, grain market

Minor changes observed on seed, grain market

The prices on grain and seed wholesale market were almost unchanged as supplies equaled demand and people disturbed, rather annoyed over the unbearable increase in POL prices, market players observed on Thursday. Only changes on cereal sector were, masoor
Published 03 Feb, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 70,751 tonnes of cargo comprising 23,234 tonnes of import cargo and 47,517 tonnes of export cargo including 3,289 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 23,234 ton
Published 03 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 03 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 03 Feb, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Thursday (February 02, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover
Published 03 Feb, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 03 Feb, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
SHOCK ANNOUNCEMENT

SHOCK ANNOUNCEMENT

The Supreme Court Thursday re-summoned Prime Minister Syed Yousuf Raza Gilani to appear before it on February 13 to be indicted with contempt over his refusal to ask Switzerland to reopen graft cases against President Asif Ali Zardari.
Published 03 Feb, 2012 12:00am
SHOCK ANNOUNCEMENT

SHOCK ANNOUNCEMENT

The Supreme Court Thursday re-summoned Prime Minister Syed Yousuf Raza Gilani to appear before it on February 13 to be indicted with contempt over his refusal to ask Switzerland to reopen graft cases against President Asif Ali Zardari.
Published 03 Feb, 2012 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 Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
Prime Minister says will appear before Supreme Court

Prime Minister says will appear before Supreme Court

Prime Minister Syed Yousuf Raza Gilani on Thursday informed the National Assembly that he would appear before the Supreme Court of Pakistan in the contempt of court case. Speaking in the National Assembly he said, "I respect the judiciary and will appear
Published 03 Feb, 2012 12:00am
Prime Minister says will appear before Supreme Court

Prime Minister says will appear before Supreme Court

Prime Minister Syed Yousuf Raza Gilani on Thursday informed the National Assembly that he would appear before the Supreme Court of Pakistan in the contempt of court case. Speaking in the National Assembly he said, "I respect the judiciary and will appear
Published 03 Feb, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 02, 2012).
Published 03 Feb, 2012 12:00am
US Senate panel adopts new Iran sanctions

US Senate panel adopts new Iran sanctions

A key US Senate panel on Thursday adopted a sweeping package of tough new sanctions aimed at forcing Iran to freeze its suspect nuclear program amid escalating worries of a military confrontation. The Senate Banking Committee approved the harsh new measur
Published 03 Feb, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
US Senate panel adopts new Iran sanctions

US Senate panel adopts new Iran sanctions

A key US Senate panel on Thursday adopted a sweeping package of tough new sanctions aimed at forcing Iran to freeze its suspect nuclear program amid escalating worries of a military confrontation. The Senate Banking Committee approved the harsh new measur
Published 03 Feb, 2012 12:00am
India's court orders licences be cancelled in telecom scandal

India's court orders licences be cancelled in telecom scandal

India's Supreme Court ordered on Thursday telecoms licences issued under a scandal-tainted 2008 sale be revoked, striking a decisive blow against corruption that plagues the country and roiling the world's second biggest cellular market.
Published 03 Feb, 2012 12:00am
India's court orders licences be cancelled in telecom scandal

India's court orders licences be cancelled in telecom scandal

India's Supreme Court ordered on Thursday telecoms licences issued under a scandal-tainted 2008 sale be revoked, striking a decisive blow against corruption that plagues the country and roiling the world's second biggest cellular market.
Published 03 Feb, 2012 12:00am
India''s court orders licences be cancelled in telecom scandal

India''s court orders licences be cancelled in telecom scandal

India''s Supreme Court ordered on Thursday telecoms licences issued under a scandal-tainted 2008 sale be revoked, striking a decisive blow against corruption that plagues the country and roiling the world''s second biggest cellular market.
Published 03 Feb, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
KSE obtains mixed posture

KSE obtains mixed posture

A mixed trend was witnessed on the Karachi share market on Thursday with the KSE-100 index oscillating between 12,000.83 points intra-day high and 11,907.31 points intra-day low level. The index closed at 11,929.78 points, fractionally down by 0.77 points
Published 03 Feb, 2012 12:00am
KSE obtains mixed posture

KSE obtains mixed posture

A mixed trend was witnessed on the Karachi share market on Thursday with the KSE-100 index oscillating between 12,000.83 points intra-day high and 11,907.31 points intra-day low level. The index closed at 11,929.78 points, fractionally down by 0.77 points
Published 03 Feb, 2012 12:00am
KSE obtains mixed posture

KSE obtains mixed posture

A mixed trend was witnessed on the Karachi share market on Thursday with the KSE-100 index oscillating between 12,000.83 points intra-day high and 11,907.31 points intra-day low level. The index closed at 11,929.78 points, fractionally down by 0.77 points
Published 03 Feb, 2012 12:00am
BRIndex30 down by 11.75 points

BRIndex30 down by 11.75 points

On Thursday, BRIndex30 opened at 9,081.18. It touched an intraday high of 9,130.21 and an intraday low of 9,043.48 and closed at 9,069.43 which was -11.75 points or -0.13 percent lower than previous close. Total volume was 81,454,676, which was 75.62 perc
Published 03 Feb, 2012 12:00am
BRIndex30 down by 11.75 points

BRIndex30 down by 11.75 points

On Thursday, BRIndex30 opened at 9,081.18. It touched an intraday high of 9,130.21 and an intraday low of 9,043.48 and closed at 9,069.43 which was -11.75 points or -0.13 percent lower than previous close. Total volume was 81,454,676, which was 75.62 perc
Published 03 Feb, 2012 12:00am
SBP sees inflation pressure persisting

SBP sees inflation pressure persisting

Central bank governor expects inflation pressures to persist in the next fiscal year beginning July as challenges in meeting federal revenue targets could push up government borrowing. The State Bank of Pakistan was also wary of the government's dollar in
Published 03 Feb, 2012 12:00am
SBP sees inflation pressure persisting

SBP sees inflation pressure persisting

Central bank governor expects inflation pressures to persist in the next fiscal year beginning July as challenges in meeting federal revenue targets could push up government borrowing. The State Bank of Pakistan was also wary of the government's dollar in
Published 03 Feb, 2012 12:00am
SBP sees inflation pressure persisting

SBP sees inflation pressure persisting

Central bank governor expects inflation pressures to persist in the next fiscal year beginning July as challenges in meeting federal revenue targets could push up government borrowing. The State Bank of Pakistan was also wary of the government''s dollar i
Published 03 Feb, 2012 12:00am
Domestic debts, liabilities cross record Rs 7 trillion mark

Domestic debts, liabilities cross record Rs 7 trillion mark

For the first time in country's history, the domestic debts and liabilities have crossed Rs 7 trillion mark mainly due to rising fiscal deficit and a shortfall in the revenue collection coupled with high expenditures on security. Economists said that high
Published 03 Feb, 2012 12:00am
Domestic debts, liabilities cross record Rs 7 trillion mark

Domestic debts, liabilities cross record Rs 7 trillion mark

For the first time in country's history, the domestic debts and liabilities have crossed Rs 7 trillion mark mainly due to rising fiscal deficit and a shortfall in the revenue collection coupled with high expenditures on security. Economists said that high
Published 03 Feb, 2012 12:00am
Domestic debts, liabilities cross record Rs 7 trillion mark

Domestic debts, liabilities cross record Rs 7 trillion mark

For the first time in country''s history, the domestic debts and liabilities have crossed Rs 7 trillion mark mainly due to rising fiscal deficit and a shortfall in the revenue collection coupled with high expenditures on security. Economists said that hig
Published 03 Feb, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Feb, 2012 12:00am
'Europe needs $1.3 trillion bailout fund'

'Europe needs $1.3 trillion bailout fund'

Europe needs to double the size of its bailout fund to ¤1 trillion ($1.3 trillion) if it is to shore up its banking system and stop the spread of its spiralling debt crisis, according to a paper published Thursday by the economic organisation that represe
Published 03 Feb, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Feb, 2012 12:00am
Equities depict upward trend

Equities depict upward trend

Equities on Thursday maintained upward trend and registered gains amid bullish sentiments on the Lahore Stock Exchange as investors stayed on buying course to pick potential shares. The LSE-25 index was marginally improved by 2.60 points and was closed at
Published 03 Feb, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Feb, 2012 12:00am
Equities depict upward trend

Equities depict upward trend

Equities on Thursday maintained upward trend and registered gains amid bullish sentiments on the Lahore Stock Exchange as investors stayed on buying course to pick potential shares. The LSE-25 index was marginally improved by 2.60 points and was closed at
Published 03 Feb, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Feb, 2012 12:00am
Bears dominate ISE proceedings

Bears dominate ISE proceedings

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 15.23 points as the ISE Ten Index moved from 2,635.85 to 2,620.62
Published 03 Feb, 2012 12:00am
Bears dominate ISE proceedings

Bears dominate ISE proceedings

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 15.23 points as the ISE Ten Index moved from 2,635.85 to 2,620.62
Published 03 Feb, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
Canadian accused of bribing Indian cabinet minister

Canadian accused of bribing Indian cabinet minister

A Canadian entrepreneur faces charges of bribing an Indian cabinet minister in the first prosecution of a person under Canada's foreign anti-corruption law, a paper said Thursday. Indian-born entrepreneur Nazir Karigar, 64, was charged 18 months ago with
Published 03 Feb, 2012 12:00am
Canadian accused of bribing Indian cabinet minister

Canadian accused of bribing Indian cabinet minister

A Canadian entrepreneur faces charges of bribing an Indian cabinet minister in the first prosecution of a person under Canada's foreign anti-corruption law, a paper said Thursday. Indian-born entrepreneur Nazir Karigar, 64, was charged 18 months ago with
Published 03 Feb, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
Afghanistan exit: confusion among Nato defence ministers

Afghanistan exit: confusion among Nato defence ministers

Confusion prevailed in Brussels on Thursday over the plans for Nato's combat operations in Afghanistan, amid declarations that the military alliance wants Afghan forces to take over full responsibility for their country's security in mid-2013.
Published 03 Feb, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
Afghanistan exit: confusion among Nato defence ministers

Afghanistan exit: confusion among Nato defence ministers

Confusion prevailed in Brussels on Thursday over the plans for Nato's combat operations in Afghanistan, amid declarations that the military alliance wants Afghan forces to take over full responsibility for their country's security in mid-2013.
Published 03 Feb, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
SRO 821(I)/2011: FBR relaxes CNIC/NTN condition

SRO 821(I)/2011: FBR relaxes CNIC/NTN condition

The Federal Board of Revenue (FBR), accepting the long outstanding demand of the FPCCI, has relaxed the condition of providing NTN/CNIC number of the unregistered buyers/sellers in the monthly sales tax return submitted by the registered persons, said Sha
Published 03 Feb, 2012 12:00am
THE RUPEE: dollar slips on interbank

THE RUPEE: dollar slips on interbank

Rates against dollar seen moving in narrow range on the currency market on Thursday, dealers said. The rupee gained four paisa both for buying and selling at 90.38 and 90.40, they said.
Published 03 Feb, 2012 12:00am
SRO 821(I)/2011: FBR relaxes CNIC/NTN condition

SRO 821(I)/2011: FBR relaxes CNIC/NTN condition

The Federal Board of Revenue (FBR), accepting the long outstanding demand of the FPCCI, has relaxed the condition of providing NTN/CNIC number of the unregistered buyers/sellers in the monthly sales tax return submitted by the registered persons, said Sha
Published 03 Feb, 2012 12:00am
THE RUPEE: dollar slips on interbank

THE RUPEE: dollar slips on interbank

Rates against dollar seen moving in narrow range on the currency market on Thursday, dealers said. The rupee gained four paisa both for buying and selling at 90.38 and 90.40, they said.
Published 03 Feb, 2012 12:00am
SRO 821(I)/2011: FBR relaxes CNIC/NTN condition

SRO 821(I)/2011: FBR relaxes CNIC/NTN condition

The Federal Board of Revenue (FBR), accepting the long outstanding demand of the FPCCI, has relaxed the condition of providing NTN/CNIC number of the unregistered buyers/sellers in the monthly sales tax return submitted by the registered persons, said Sha
Published 03 Feb, 2012 12:00am
Man indicted on software copyright charge arrested

Man indicted on software copyright charge arrested

Federal prosecutors say a former Baltimore man has been arrested in the US after fleeing to Pakistan before he was indicted on a software copyright infringement charge. Thirty-one-year-old Naveed Sheikh was arrested Tuesday at Dulles Airport. He faces a d
Published 03 Feb, 2012 12:00am
Man indicted on software copyright charge arrested

Man indicted on software copyright charge arrested

Federal prosecutors say a former Baltimore man has been arrested in the US after fleeing to Pakistan before he was indicted on a software copyright infringement charge. Thirty-one-year-old Naveed Sheikh was arrested Tuesday at Dulles Airport. He faces a d
Published 03 Feb, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
Man indicted on software copyright charge arrested

Man indicted on software copyright charge arrested

Federal prosecutors say a former Baltimore man has been arrested in the US after fleeing to Pakistan before he was indicted on a software copyright infringement charge. Thirty-one-year-old Naveed Sheikh was arrested Tuesday at Dulles Airport. He faces a d
Published 03 Feb, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
UAE, Qatar stop trade finance to Iran over sanctions

UAE, Qatar stop trade finance to Iran over sanctions

The central banks of UAE and Qatar have told lenders to stop financing trade with Iran, bankers said on Thursday, cutting another source of credit for a country struggling under Western economic sanctions imposed over its nuclear programme.
Published 03 Feb, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
UAE, Qatar stop trade finance to Iran over sanctions

UAE, Qatar stop trade finance to Iran over sanctions

The central banks of UAE and Qatar have told lenders to stop financing trade with Iran, bankers said on Thursday, cutting another source of credit for a country struggling under Western economic sanctions imposed over its nuclear programme.
Published 03 Feb, 2012 12:00am
UAE, Qatar stop trade finance to Iran over sanctions

UAE, Qatar stop trade finance to Iran over sanctions

The central banks of UAE and Qatar have told lenders to stop financing trade with Iran, bankers said on Thursday, cutting another source of credit for a country struggling under Western economic sanctions imposed over its nuclear programme.
Published 03 Feb, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
Merkel urges China to use influence on Iran

Merkel urges China to use influence on Iran

German Chancellor Angela Merkel urged China on Thursday to use its influence to persuade Iran to give up its nuclear weapons programme, at the start of a three-day visit when she will also seek China's support for the ailing euro. Merkel is expected to ma
Published 03 Feb, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
Merkel urges China to use influence on Iran

Merkel urges China to use influence on Iran

German Chancellor Angela Merkel urged China on Thursday to use its influence to persuade Iran to give up its nuclear weapons programme, at the start of a three-day visit when she will also seek China's support for the ailing euro. Merkel is expected to ma
Published 03 Feb, 2012 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
MoP seeks appointment of former managing director Peco as CEO Tusdec

MoP seeks appointment of former managing director Peco as CEO Tusdec

Ministry of Production (MoP) has requested the Establishment Division to accommodate Brigadier Bilal Ahmad Khan (retired), former Managing Director (MD) of Pakistan Engineering Company (Peco), as CEO of Technology Upgradation and Skill Development Company
Published 03 Feb, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 03 Feb, 2012 12:00am
MoP seeks appointment of former managing director Peco as CEO Tusdec

MoP seeks appointment of former managing director Peco as CEO Tusdec

Ministry of Production (MoP) has requested the Establishment Division to accommodate Brigadier Bilal Ahmad Khan (retired), former Managing Director (MD) of Pakistan Engineering Company (Peco), as CEO of Technology Upgradation and Skill Development Company
Published 03 Feb, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 03 Feb, 2012 12:00am
MoP seeks appointment of former managing director Peco as CEO Tusdec

MoP seeks appointment of former managing director Peco as CEO Tusdec

Ministry of Production (MoP) has requested the Establishment Division to accommodate Brigadier Bilal Ahmad Khan (retired), former Managing Director (MD) of Pakistan Engineering Company (Peco), as CEO of Technology Upgradation and Skill Development Company
Published 03 Feb, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
Public holiday on February 4

Public holiday on February 4

A public holiday has been announced in Sindh and Punjab provinces on 11th Rabi-ul-Awwal, Saturday (February 04). It may be mentioned that Eid Milad-un-Nabi is falling on Sunday, February 5. The Sindh government has taken the decision of public holiday in
Published 03 Feb, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (February 02, 2012).

Published 03 Feb, 2012 12:00am
Public holiday on February 4

Public holiday on February 4

A public holiday has been announced in Sindh and Punjab provinces on 11th Rabi-ul-Awwal, Saturday (February 04). It may be mentioned that Eid Milad-un-Nabi is falling on Sunday, February 5. The Sindh government has taken the decision of public holiday in
Published 03 Feb, 2012 12:00am
The Weather

The Weather

The weather report on Thursday (February 02, 2012) and the forecast for Friday (February 03, 2012).

Published 03 Feb, 2012 12:00am
Rajapaksa due on Monday

Rajapaksa due on Monday

Sri Lankan President Mahinda Rajapaksa is arriving on a two-day visit to Pakistan on Monday, it is reliably learnt. According to diplomatic sources, the Sri Lankan President will be visiting Pakistan from February 6-7 and will meet his Pakistani counterpa
Published 03 Feb, 2012 12:00am
Rajapaksa due on Monday

Rajapaksa due on Monday

Sri Lankan President Mahinda Rajapaksa is arriving on a two-day visit to Pakistan on Monday, it is reliably learnt. According to diplomatic sources, the Sri Lankan President will be visiting Pakistan from February 6-7 and will meet his Pakistani counterpa
Published 03 Feb, 2012 12:00am
Usmani quits Citibank job

Usmani quits Citibank job

Country Head of Citibank Pakistan Arif Usmani reportedly resigned from bank, it is reliably learnt. Usmani was posted to Pakistan upon retirement of Zubyr Soomro from this position. He was working in Saudi Arabia before moving to Pakistan. He is expected
Published 03 Feb, 2012 12:00am
Usmani quits Citibank job

Usmani quits Citibank job

Country Head of Citibank Pakistan Arif Usmani reportedly resigned from bank, it is reliably learnt. Usmani was posted to Pakistan upon retirement of Zubyr Soomro from this position. He was working in Saudi Arabia before moving to Pakistan. He is expected
Published 03 Feb, 2012 12:00am
Usmani quits Citibank job

Usmani quits Citibank job

Country Head of Citibank Pakistan Arif Usmani reportedly resigned from bank, it is reliably learnt. Usmani was posted to Pakistan upon retirement of Zubyr Soomro from this position. He was working in Saudi Arabia before moving to Pakistan. He is expected
Published 03 Feb, 2012 12:00am
Welcome arrangements: bodies set up for Turkish delegation

Welcome arrangements: bodies set up for Turkish delegation

The City District Government Lahore has decided to constitute administrative committees, which will be responsible for making arrangements to welcome a Turkish delegation to the provincial capital in befitting manner. This was decided in a meeting, chaire
Published 03 Feb, 2012 12:00am
Land records service centre begins work in Jehlum

Land records service centre begins work in Jehlum

The Land Record Management and Information Service Centre has also started its operation in Jehlum, a spokesman of Board of Revenue Punjab said on Thursday. After establishment of five Service Centres in tehsil Lahore, Kasur, Hafizabad, Pindi Bhattian and
Published 03 Feb, 2012 12:00am
Mother's love can prevent illness in middle age

Mother's love can prevent illness in middle age

A mother's love is not only priceless but and can even prevent illness in middle age, new research claims. Experts say that a mum who nurtures and cares for her kids can set them up in good health right, even if they've grown up in grinding poverty, Xinhu
Published 03 Feb, 2012 12:00am
Textile millers call for gas supply diversion from CPPs to Gencos

Textile millers call for gas supply diversion from CPPs to Gencos

The power-reliant textile millers have called for diversion of gas from Captive Power Plants (CPPs) to thermal generation companies (Gencos) for an affordable as well as smooth energy supply to industry across the board. Ongoing energy crisis, emanating f
Published 03 Feb, 2012 12:00am
Railways likely to raise fares by 15 percent

Railways likely to raise fares by 15 percent

Pakistan Railways (PR) is likely to increase the fares of passenger trains by 15 percent in view of increase in petroleum products and to overcome its internal financial crisis, it is learnt reliably. Informed sources in the Railway Ministry revealed that
Published 03 Feb, 2012 12:00am
Frequent parliamentary interactions to boost Pak-Afghan ties stressed

Frequent parliamentary interactions to boost Pak-Afghan ties stressed

Deputy Chairman Senate, Mir Jan Muhammad Jamali on Thursday emphasised frequent parliamentary interactions for generating better understanding between Pakistan and Afghanistan and to seek solutions to common challenges facing the two nations. Having an in
Published 03 Feb, 2012 12:00am
Etihad Airways offers complimentary 96-hour UAE tourist visa

Etihad Airways offers complimentary 96-hour UAE tourist visa

Etihad Airways is offering complimentary 96-hour tourist visas to guests transiting through the UAE, effective immediately. The visas, ideal for travellers making stopover visits en route to their final destination, are being offered in co-operation with
Published 03 Feb, 2012 12:00am
PIAF presents seven-point economic revival agenda

PIAF presents seven-point economic revival agenda

Pakistan Industrial and Traders Associations Front (PIAF) has presented a seven-point action plan to revive the economy said Chairman Sohail Lashari in a statement on Thursday.
Published 03 Feb, 2012 12:00am
Industrial estate being set up in RYK: Punjab chief minister

Industrial estate being set up in RYK: Punjab chief minister

Punjab Chief Minister, Muhammad Shahbaz Sharif Thursday said Punjab government is creating conducive atmosphere for promotion of industrial and trade activities throughout the province, especially in South Punjab. An industrial estate is being set up over
Published 03 Feb, 2012 12:00am
Petition filed against PU vice chancellor re-appointment

Petition filed against PU vice chancellor re-appointment

The Lahore High Court issued notice to Governor Punjab and Secretary Higher Education in a petition challenging reappointment of Professor Dr Mujahid Kamran as Vice Chancellor of Punjab University.
Published 03 Feb, 2012 12:00am
DCO for completion of development projects by March 31

DCO for completion of development projects by March 31

District Coordin-ation Officer (DCO) Lahore Ahad Cheema has directed the concerned town officers to complete work on development projects by March 31. He was addressing a meeting here on Thursday, which was held to review progress of development schemes,
Published 03 Feb, 2012 12:00am
Petition seeks judges' appointment

Petition seeks judges' appointment

A petition before the Lahore High Court has been filed seeking directions for appointments of judges in Environment, Drug, Customs and Banking courts. The petitioner, a Bar member, Noshab A Khan contended in his petition that all the four courts are await
Published 03 Feb, 2012 12:00am
NIBGE organises workshop on Basmati DNA testing

NIBGE organises workshop on Basmati DNA testing

National Institute for Biotechnology and Genetic Engineering (NIBGE) organised a workshop to highlight the need of Basmati DNA testing and up-gradation of the facility to regulate certification process in line with international standards.
Published 03 Feb, 2012 12:00am
Army to hand-over Swat areas to civil administration from March 1

Army to hand-over Swat areas to civil administration from March 1

GoC Swat, Major General Ghulam Qamar has said that the areas of Kalam, Bahrain and Madiyan will be handed over to civil administration from March 1, followed by Malakand Agency in June and Chitral and Dir by end of the current calendar year.
Published 03 Feb, 2012 12:00am
Munter hosts reception to mark VOA's 70th anniversary

Munter hosts reception to mark VOA's 70th anniversary

United States Ambassador to Pakistan Cameron Munter and his wife Dr Marilyn Whatt hosted a reception to mark Voice of America's 70th anniversary here at his residence on Thursday. Speaking on the occasion, Munter highlighted the role of VOA went on
Published 03 Feb, 2012 12:00am
AJKLA speaker appreciates Pakistan efforts

AJKLA speaker appreciates Pakistan efforts

Speaker AJK Legislative Assembly (LA) Sardar Ghulam Sadiq appreciated the efforts of Pakistan in highlighting the Kashmir issue at different national and international fora in an effective manner. "The PPP-led coalition federal government is fully committ
Published 03 Feb, 2012 12:00am
Senate passes 'The National Commission on Status of Women Bill, 2012'

Senate passes 'The National Commission on Status of Women Bill, 2012'

The Upper House of Parliament on Thursday unanimously passed 'The National Commission on the Status of Women Bill, 2012', tasked to promote of social, economic, political and legal rights of women as enshrined in the constitution. Mustafa Nawaz Khokhar, a
Published 03 Feb, 2012 12:00am
Laptops being distributed among students: Punjab chief minister

Laptops being distributed among students: Punjab chief minister

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that resources are being utilised for equipping young generation with modern education and laptops are being distributed among talented boy and girl students first time in the history of the country.
Published 03 Feb, 2012 12:00am
CJP-led bench hears petitions

CJP-led bench hears petitions

A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Khilji Arif Hussain and Justice Tariq Parvez heard constitutional petitions titled the Bank of Punjab, NIB Bank, Saith Muhammad Yaqoob, etc versus Haris Steel Industries (Pv
Published 03 Feb, 2012 12:00am
German ambassador meets CoAS

German ambassador meets CoAS

Ambassador Michael Steiner, German Special Representative for Afghanistan and Pakistan called on Chief of Army Staff, General Ashfaq Parvez Kayani at General Headquarters on Thursday. The visiting dignitary remained with the CoAS for some time and discuss
Published 03 Feb, 2012 12:00am
Income tax return: finance minister makes uninformed statement

Income tax return: finance minister makes uninformed statement

Finance Minister Abdul Hafeez Sheikh on Thursday told the National Assembly that presently there was no law in the country, which could make it mandatory for the holders of National Tax Numbers (NTNs) to file income tax return, but it would be made compul
Published 03 Feb, 2012 12:00am
Lesco still facing 1,000 megawatts shortfall

Lesco still facing 1,000 megawatts shortfall

Lahore Electricity Supply Company (Lesco) continues to face 1,000MW electricity shortfall in the supply and demand despite increased generation by hydel power plants of Tarbela, Mangla and Ghazi Barotha after regular water outflows from Tarbela and Mangla
Published 03 Feb, 2012 12:00am
FROM A RINGSIDE SEAT: Behind-the-scene negotiations work

FROM A RINGSIDE SEAT: Behind-the-scene negotiations work

Unlike the expectations, the temperature in the Parliament also plummeted over latest increase in petroleum prices on Thursday apparently because of behind the scene negotiations which provided a sigh of relief to the beleaguered government on the issue.
Published 03 Feb, 2012 12:00am
Sindh University announces admissions programme

Sindh University announces admissions programme

The University of Sindh (SU) has announced the admission to MA degree programme in Economics, Sindhi, English, Urdu, Islamic Culture disciplines under distance education for the session 2012 to improve the quality of education. The University of Sindh und
Published 03 Feb, 2012 12:00am
Woman among three killed in Karachi

Woman among three killed in Karachi

At-least three persons including two women were killed in separate incidents in various parts of the metropolis, here on Thursday. According to police and rescue sources, a scrap dealer was shot dead in his house located in the slum area of Mehran Town in
Published 03 Feb, 2012 12:00am
'Embracing learning technologies' moot held

'Embracing learning technologies' moot held

The e-professional: 'embracing learning technologies' is part of ACCA Research and Insight Series. The event started with a presentation on the key findings of "The e-professional: embracing learning technologies" by Rehanuddin, Head of ACCA, here, follow
Published 03 Feb, 2012 12:00am
PBC welcomes WTO decision

PBC welcomes WTO decision

The Pakistan Business Council (PBC) has welcomed the WTO waiver for EU concessions granted to certain textile exports from Pakistan. The PBC in its statement issued here on Thursday recalled that the move to request the EU for a short time market access c
Published 03 Feb, 2012 12:00am
Sindh CNG stations to remain closed on February 4

Sindh CNG stations to remain closed on February 4

Sui Southern Gas Company (SSGC) has announced that all CNG stations in Sindh will remain closed from 09:00am on Saturday, February 04, 2012 till 09:00am on Sunday, February 05, for 24 hours.
Published 03 Feb, 2012 12:00am
Reduction in ST on tractors notified

Reduction in ST on tractors notified

The federal government has notified the reduction in sales tax on tractors from 16 percent to 5 percent with immediate effect. The sales tax will be charged at 10 percent effective January 01, 2013 and standard rate shall be applicable with effect from Ja
Published 03 Feb, 2012 12:00am
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