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Jun 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-04-16
Troops declare areas safe: Repatriation of Bajaur IDPs begins

Troops declare areas safe: Repatriation of Bajaur IDPs begins

The return of internally displaced persons (IDPs) tehsil Mamund and tehsil Nawagai in Bajaur Agency started after the authorities declared these areas as no longer being conflict zone. The decision had been made after the security forces successfully comp
Published 16 Apr, 2010 12:00am
IDPs of Orakzai, Kurram in urgent need of food, medicine: ICRC

IDPs of Orakzai, Kurram in urgent need of food, medicine: ICRC

People fleeing recent fighting in Orakzai and Kurram agencies are arriving in the adjacent district of Hangu in urgent need of food, medicine and other items. Hundreds of thousands have fled since last November and the movement has gained pace with the re
Published 16 Apr, 2010 12:00am
Firdous meets Indian religious leaders

Firdous meets Indian religious leaders

Federal Minister for Population Welfare Firdous Ashiq Awan at a meeting held on Thursday with Indian religious leaders deliberated upon the trends of family planning for population control in Indian Muslim community. Talking to APP on telephone the minist
Published 16 Apr, 2010 12:00am
Hazara situation mishandled, says Sherpao

Hazara situation mishandled, says Sherpao

Chairman Pakistan People's Party-Sherpao (PPP-S) and former Interior Minister, Aftab Ahmed Khan Sherpao said on Thursday that situation of Hazara was mishandled as result of which innocent people were killed on the roads and streets in Abbottabad over the
Published 16 Apr, 2010 12:00am
Malaysian investment in Halal food sector invited

Malaysian investment in Halal food sector invited

Pakistan has welcomed Malaysian investment in Balochistan in various sectors, including livestock, fruits and vegetable, marble and granite, and housing and water treatment. This was stated by Humayun Aziz Kurd, Minister for Livestock and Dairy Developmen
Published 16 Apr, 2010 12:00am
Two-year report of action against policemen presented

Two-year report of action against policemen presented

A 2-year report for the period from April 1, 2008 to March 31, 2010 has showed that cases were registered against 112 police officers and personnel under Police Order. These officers included 8 Police Inspectors, 13 Sub-Inspectors, 17 ASIs, 14 Head Consta
Published 16 Apr, 2010 12:00am
Wheat to be procured in Punjab; centres set up

Wheat to be procured in Punjab; centres set up

Around four million metric ton wheat would be procured during fast approaching wheat procurement campaign in Punjab, sources in Food Department informed Business Recorder here on Thursday. All necessary arrangements have already been finalised for
Published 16 Apr, 2010 12:00am
Agha Hasan Abedi - a true patriot

Agha Hasan Abedi - a true patriot

Recently, I was watching a tribute programme on the death anniversary of Agha Hasan Abedi, one of the few icons and business leaders of global stature produced by this country. I have had the privilege to spend the early years of my career in the institut
Published 16 Apr, 2010 12:00am
Technology advances mean talks could be bugged

Technology advances mean talks could be bugged

In a television interview last year, Turkish Prime Minister Recep Tayyip Erdogan was asked if he was concerned about his phone being tapped. "What do you think? Of course," Erdogan answered. "Therefore I watch what I say over the phone. I'm not comfortabl
Published 16 Apr, 2010 12:00am
Core issues in provincial VAT bill

Core issues in provincial VAT bill

As part of standby arrangement with the World Bank and the IMF, the government has moved a bill in the Parliament for the approval and enforcement of VAT. The provisional governments have also moved the bill in their assemblies. The main reason behind the
Published 16 Apr, 2010 12:00am
Tax babus, foreign masters and reforms

Tax babus, foreign masters and reforms

On November 25, 2008, the International Monetary Fund (IMF) approved the $7.6 billion standby arrangement for Pakistan to be delivered over 23-month, which was later enhanced to $11.3 billion in July 2009.
Published 16 Apr, 2010 12:00am
After the nuclear security summit

After the nuclear security summit

The nuclear security summit, convened by President Obama, has ended after deliberations spread over two days. The idea behind the summit was to make the countries possessing nuclear weapons, or engaged in upgrading uranium, to realise the need for ensurin
Published 16 Apr, 2010 12:00am
Looming gas shortages: act now!

Looming gas shortages: act now!

According to a Business Recorder exclusive, experts have begun expressing serious concerns over the likelihood of a debilitating gas shortage within the next three to four years.
Published 16 Apr, 2010 12:00am
WTL to go public by offering 110 million shares

WTL to go public by offering 110 million shares

The Abu Dahabi Group's second telecom venture, Wateen Telecom Limited (WTL) is going public by offering 110 million shares while 90 million shares have been allocated under the green shoe option. WTL shares are being offered at the face value of Rs 10 eac
Published 16 Apr, 2010 12:00am
WTL to go public by offering 110 million shares

WTL to go public by offering 110 million shares

The Abu Dahabi Group's second telecom venture, Wateen Telecom Limited (WTL) is going public by offering 110 million shares while 90 million shares have been allocated under the green shoe option. WTL shares are being offered at the face value of Rs 10 eac
Published 16 Apr, 2010 12:00am
Businessmen condole Dr Israr's death

Businessmen condole Dr Israr's death

The business community has expressed its sorrow and grief over the demise of renowned religious scholar Dr Israr Ahmad.
Published 16 Apr, 2010 12:00am
The Weather

The Weather

The weather report on Thursday (April 15, 2010) and the forecast for Friday (April 16, 2010).

Published 16 Apr, 2010 12:00am
'Special economic zone to be set up for foreign investors'

'Special economic zone to be set up for foreign investors'

Punjab Chief Minister Muhammad Shahbaz Sharif has said that a conducive atmosphere for investment has been created in the province and all out encouragement is being extended to local and foreign investors. He said that foreign investment is of vital impo
Published 16 Apr, 2010 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 16 Apr, 2010 12:00am
Personal appearance: LHC awards one-day exemption to Malik

Personal appearance: LHC awards one-day exemption to Malik

The Lahore High Court (LHC) here on Thursday after awarding one day exemption to interior minister Rehman Malik for his personal appearance adjourned to April 30 the hearing of two appeals against conviction in NAB cases. A division bench of the Lahore Hi
Published 16 Apr, 2010 12:00am
'People losing faith in Chinese products'

'People losing faith in Chinese products'

The common man in Pakistan is losing faith in Chinese products, as the quality of Chinese goods supplied to Pakistan is not of international standard, Vice-President Saarc Chamber of Commerce and Industry Iftikhar Ali Malik, said.
Published 16 Apr, 2010 12:00am
Criminal assault on girl: LHC disposes of petition

Criminal assault on girl: LHC disposes of petition

The Lahore High Court (LHC) Chief Justice Khawaja Muhammad Sharif here Thursday disposed of suo motu proceedings against the rape and murder of a minor girl Alishba Parveen as District Police Officer (DPO) informed the court that they have arrested the ac
Published 16 Apr, 2010 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 16 Apr, 2010 12:00am
Probe into breach in canal Gojgera ordered

Probe into breach in canal Gojgera ordered

Senior Provincial Minister Raja Riaz Ahmed has ordered immediate probe of the breach in canal Gojgera branch at Jaranwala which damaged three villages and wheat crop. He has asked to fix responsibility in this regard and take action accordingly against of
Published 16 Apr, 2010 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 16 Apr, 2010 12:00am
Spending on war against terrorism termed reason behind power crisis

Spending on war against terrorism termed reason behind power crisis

Pakistan Peoples Party (PPP) Punjab leadership has termed spending on war against terrorism as a cause behind on going energy crisis in the country. Talking to Business Recorder, Deputy Secretary General Punjab Usman Salim Malik said heavy cut on developm
Published 16 Apr, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
Legislators call on chief minister Punjab

Legislators call on chief minister Punjab

Assembly members from various districts called on Punjab Chief Minister Muhammad Shahbaz Sharif at Chief Minister's Secretariat here on Thursday and apprised him of development projects being executed in their respective areas.
Published 16 Apr, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
Turkish team calls on chief minister Punjab

Turkish team calls on chief minister Punjab

An eight-member Turkish delegation headed by Ismail Hakki called on Punjab Chief Minister Muhammad Shahbaz Sharif at Chief Minister's Secretariat, here on Thursday. Members of National Assembly, Pervaiz Malik and Bilal Yaseen, Chairman Task Force Kh. Ahma
Published 16 Apr, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (April 15, 2010) and for Friday (April 16, 2010)
Published 16 Apr, 2010 12:00am
ACCA pre-budget debate suggests documentation of agriculture sector

ACCA pre-budget debate suggests documentation of agriculture sector

The speakers, while addressing the pre-budget 2010-11 discussion, stressed the need for undertaking the documentation of the agricultural sector. While addressing the pre-budget discussion on 'Supporting fair taxation' arranged by the ACCA Pakistan here o
Published 16 Apr, 2010 12:00am
PTCL launches duplicate bill service on website

PTCL launches duplicate bill service on website

To facilitate its customers, Pakistan Telecommunication Company Ltd (PTCL) has launched duplicate bill service on web. Where customers can either go to PTCL portal www.ptcl.com.pk or click the URL http://dbill.ptcl.net.pk to view their bill. The SEVP Comm
Published 16 Apr, 2010 12:00am
UoP, Tashkent institute sign MoU

UoP, Tashkent institute sign MoU

University of Peshawar (UoP) and Tashkent State Institute of Oriental Studies signs Memorandum of Understanding for joint research scholars and faculty exchange programme in the field of linguistics. The memorandum was signed by Vice Chancellor University
Published 16 Apr, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
GCU gets modern physics laboratories

GCU gets modern physics laboratories

Government College University (GCU) Center for Advanced Studies in Physics (CASP) has been equipped with Materials Fabrication and Characterisation Laboratories to fabricate and test advanced alloys. GCU Vice Chancellor Dr Khalid Aftab on Thursday inaugur
Published 16 Apr, 2010 12:00am
Punjab University to reopen on April 19: vice chancellor

Punjab University to reopen on April 19: vice chancellor

Vice-chancellor Punjab University Dr Mujahid Kamran has said that university will reopen on April 19 which was closed after the ransacking of VC's Office and residence as well as other offices and causing serious injuries to Disciplinary Committee Chairma
Published 16 Apr, 2010 12:00am
THE RUPEE: dollar stays put

THE RUPEE: dollar stays put

Steady trend was seen on the local currency market on Thursday as the rupee retained the overnight levels in process of trading, experts said. On the interbank market the rupee held the overnight levels against dollar for buying at 83.85 and selling at 83
Published 16 Apr, 2010 12:00am
Pesco to buy conductors worth Rs 1.154 billion

Pesco to buy conductors worth Rs 1.154 billion

The Board of Directors of Peshawar Electricity Supply Company (PESCO) on Thursday approved an amount of Rs 1.154 billion for the purchase of conductors to bring improvement in the distribution system of the company. The approval was given in 51st meeting
Published 16 Apr, 2010 12:00am
THE RUPEE: dollar stays put

THE RUPEE: dollar stays put

Steady trend was seen on the local currency market on Thursday as the rupee retained the overnight levels in process of trading, experts said. On the interbank market the rupee held the overnight levels against dollar for buying at 83.85 and selling at 83
Published 16 Apr, 2010 12:00am
Daily water inflow in rivers crosses 0.110 million cusecs

Daily water inflow in rivers crosses 0.110 million cusecs

The water inflows in the four live rivers have crossed 0.110 million cusecs mark with the rising temperature in the upper areas of country. According to the 15th April river flows and reservoirs level report of Water and Power Development Authority, 34400
Published 16 Apr, 2010 12:00am
Steps being taken to utilise cooperatives department: Aulakh

Steps being taken to utilise cooperatives department: Aulakh

The Punjab Minister for Agriculture, Livestock and Co-operatives, Malik Ahmad Ali Aulakh has said that revolutionary steps are being taken to utilise co-operatives department effectively for the welfare of the farmers. He stated that honest and responsibl
Published 16 Apr, 2010 12:00am
Fake BA degrees: Justice Iqbal refuses to hear two petitions

Fake BA degrees: Justice Iqbal refuses to hear two petitions

Justice Iqbal Hameed-ur-Rehman of the Lahore High Court (LHC) here on Thursday refused to hear two petitions seeking disqualification of a MNA Mian Javed Latif and MPA Tariq Mehmood Bajwa on the basis of possessing fake BA degrees. Justice Iqbal said the
Published 16 Apr, 2010 12:00am
'Young entrepreneurs can help boost country's economy'

'Young entrepreneurs can help boost country's economy'

Pro Vice Chancellor Sindh University Campus Mirpurkhas, Professor Dr Iqbal Ahmed Panhwar, while presiding over a seminar on "Youth Entrepreneur-ship: how to start a small business leadership" and "Time Management", said that small and medium size business
Published 16 Apr, 2010 12:00am
'Research-oriented societies capable of solving problems'

'Research-oriented societies capable of solving problems'

The Vice Chancellor, University of Sindh Professor Dr Nazir A. Mughal has underlined the need of research in important areas and said that research-oriented societies, which solve their economic and social problems and help in upgrading of their community
Published 16 Apr, 2010 12:00am
Joint team of IPDF, HEC visit QAU

Joint team of IPDF, HEC visit QAU

A joint delegation of Infrastructure Project Development Facility (IPDF) and Higher Education Commission (HEC) visited Quaid-i-Azam University (QAU) here on Thursday. The delegation held detailed meeting with Vice Chancellor of QAU Dr Masoom Yasinzai and
Published 16 Apr, 2010 12:00am
Lahore witnesses hottest day of summer

Lahore witnesses hottest day of summer

The provincial capital on Thursday witnessed the hottest day of the on-going summer season and the month of April has seen abnormality in maximum temperature since it has recorded above mean temperature. According to a Pakistan Meteorological Department L
Published 16 Apr, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
Two bodies retrieved at Marwaar coalmine

Two bodies retrieved at Marwaar coalmine

The bodies of two coalminers have been retrieved from rubble of a collapsed coal mine in Marwaar area, while rescue work is underway to extract the two others bodies trapped in the coal mine, said Inspector Mines here on Thursday. According to details, si
Published 16 Apr, 2010 12:00am
Funds Association of Pakistan

Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (April 15, 2010)

Published 16 Apr, 2010 12:00am
'Corruption can be reduced if women given more job opportunities'

'Corruption can be reduced if women given more job opportunities'

Corruption in the country can be reduced if the women are given more chances in different institutions. This was said by speakers of the "2nd Women in Business and Leadership Conference" which was organised by Pakistan Society for Training and Development
Published 16 Apr, 2010 12:00am
Funds Association of Pakistan

Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (April 15, 2010)

Published 16 Apr, 2010 12:00am
Bumper wheat crop turns into liability as Sindh lack funds, storage

Bumper wheat crop turns into liability as Sindh lack funds, storage

A bumper wheat crop of 4 million tonnes this season has turned into a liability for the Sindh government that lacks not only funds to procure the targeted 1.5 million tonnes of wheat, but also the capacity to store the perishable commodity.
Published 16 Apr, 2010 12:00am
Funds Association of Pakistan

Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (April 15, 2010)

Published 16 Apr, 2010 12:00am
Shabbir Tiles sponsors IAPEX 2010

Shabbir Tiles sponsors IAPEX 2010

The main sponsor of the 6th IAPEX International Exhibition 2010, Shabbir Tiles, is all set to showcase its products at the event which is scheduled to be held from 16-18 April, 2010 at Karachi Expo Centre. Shabbir Tiles, a part of "House of Habib", is til
Published 16 Apr, 2010 12:00am
Value-added textile sector: Customs to take up duty drawback claims

Value-added textile sector: Customs to take up duty drawback claims

Pakistan Customs would take up all the duty drawback claims of the value-added textile sector, which have been pending for the last three and fours years by the first week of May, said Chief Collector Customs South, Sher Nawaz Khan on Thursday. He also as
Published 16 Apr, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Apr, 2010 12:00am
Routine activities resume as normalcy returns to Hazara

Routine activities resume as normalcy returns to Hazara

All the commercial and educational institutes in the Hazara Division Thursday reopened as situation returned to normalisation after protests triggered because of the passage of 18th Amendment and renaming of the NWFP as Khyber-Pakhtoonkhwa. Karakurm Highw
Published 16 Apr, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Apr, 2010 12:00am
'Peace in Hazara disturbed for political mileage'

'Peace in Hazara disturbed for political mileage'

Some unscrupulous elements disrupted the peaceful environment of the Hazara Division for gaining political mileage, resulting in loss of several precious lives, said Senior Vice President Awami National Party (ANP) Senator, Haji Adeel in an exclusive talk
Published 16 Apr, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 16 Apr, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Apr, 2010 12:00am
CJP asks PPO Punjab to produce abducted girl

CJP asks PPO Punjab to produce abducted girl

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Thursday directed Provincial Police Officer (PPO) Punjab to recover an abducted girl and produce her before the Session Judge, Rawalpindi on April 26. The CJP took suo motu notice into the matter on
Published 16 Apr, 2010 12:00am
Tribal elder killed in Naseerabad shooting

Tribal elder killed in Naseerabad shooting

A chieftain of Bugti Tribe was killed while six of his men were wounded in an attack by unknown armed men at his camp here on Thursday. According to the local police, the assailants who were armed with sophisticated firearms opened fire at the camp of Wad
Published 16 Apr, 2010 12:00am
Gilgit-Baltistan chief minister vows to eliminate corruption

Gilgit-Baltistan chief minister vows to eliminate corruption

Chief Minister Gilgit-Baltistan Legislative Assembly Syed Mehdi Shah said corruption would be eliminated from the region and all necessary steps would be taken in this regard without any political pressure. Talking to newsmen here on Thursday he said, "we
Published 16 Apr, 2010 12:00am
Ibad inaugurates three new educational institutions

Ibad inaugurates three new educational institutions

The Governor of Sindh Dr Ishrat-ul-Ibad Khan inaugurated three new educational institutions for vocational training and fine arts in one go by unveiling the plaques to mark the investiture of a milestone in the history of Defence Housing Authority DHA's e
Published 16 Apr, 2010 12:00am
SCCI concerned over unscheduled loadshedding

SCCI concerned over unscheduled loadshedding

President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Ishaq Butt has expressed deep concern over unscheduled load shedding of up to 16 hours in Sialkot.
Published 16 Apr, 2010 12:00am
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