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Print - 2011-07-30
The Weather

The Weather

The weather report on Friday (July 29, 2011) and the forecast for Saturday (July 30, 2011).

Published 30 Jul, 2011 12:00am
Fauji Fertiliser posts over Rs eight billion net profit

Fauji Fertiliser posts over Rs eight billion net profit

Fauji Fertiliser Co (FFC) posted Rs 8.188 billion as net profit after tax in the half year period ended on June 30, 2011 as compared to Rs 5.101 billion earned in the corresponding period in 2010. The company's earning per share increased to Rs 9.65 in th
Published 30 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 29, 2011).

Published 30 Jul, 2011 12:00am
Five students injured in clash

Five students injured in clash

At least five students got severe injuries in a clash sparked between two students' organisations at the NED Engineering University on Friday. According to Mobina Town police, the students belonging to All Pakistan Muttahida Student Organisation (APMSO) a
Published 30 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 29, 2011).

Published 30 Jul, 2011 12:00am
Talks about PaCCS on July 31

Talks about PaCCS on July 31

Talks between the Federal Board of Revenue (FBR) and Agility Logistics are scheduled to be held on Sunday, July 31, to settle the issue of automated customs clearance system (PaCCS). According to FBR chairman Salman Siddique, the Board is going to convene
Published 30 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 30 Jul, 2011 12:00am
After tax profit of UBL increases

After tax profit of UBL increases

The after tax profit (unconsolidated) of United Bank Limited (UBL) has increased to rupees 6.704 billion in the half year period ended June 30, 2011 as compared to Rs 5.200 billion earned in the corresponding period in 2010.
Published 30 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 30 Jul, 2011 12:00am
After tax profit of UBL increases

After tax profit of UBL increases

The after tax profit (unconsolidated) of United Bank Limited (UBL) has increased to rupees 6.704 billion in the half year period ended June 30, 2011 as compared to Rs 5.200 billion earned in the corresponding period in 2010.
Published 30 Jul, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 26, 2011.

Published 30 Jul, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 26, 2011.

Published 30 Jul, 2011 12:00am
CEL at SZABIST to be inaugurated on August 1

CEL at SZABIST to be inaugurated on August 1

The "Center for Entrepreneurship and Leadership" (CEL) would be inaugurated here on August 1 at Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) campus.
Published 30 Jul, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 26, 2011.

Published 30 Jul, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (July 29, 2011).

Published 30 Jul, 2011 12:00am
Two lawyers among 10 killed in city

Two lawyers among 10 killed in city

Although the law enforcement agencies (LEAs) claimed to have conducted operations to maintain peace in the city, there is no mitigation in the intensity of targeted killing incidents as 10 more persons including two advocates fell prey to the ongoing spat
Published 30 Jul, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (July 29, 2011) and for Saturday (July 30, 2011).
Published 30 Jul, 2011 12:00am
Balochistan chief minister calls on President

Balochistan chief minister calls on President

Chief Minister Balochistan, Nawab Muhammad Aslam Raisani Friday called on President, Asif Ali Zardari at Aiwan-e-Sadr. Matters relating to law and order, political situation and developmental projects in the province were discussed during the meeting.
Published 30 Jul, 2011 12:00am
Kausar congratulates new AJK President, Prime Minister

Kausar congratulates new AJK President, Prime Minister

Khyber Pakhtunkhwa Governor, Barrister Masood Kausar has extended his deep congratulations to Haji Sardar Muhammad Yaqoob Khan on his election as President of Azad Jammu and Kashmir. The Governor has also congratulated Chaudhry Abdul Majeed for stepping i
Published 30 Jul, 2011 12:00am
IHC restored me as PFMA Punjab Chairman, claims Khurshid

IHC restored me as PFMA Punjab Chairman, claims Khurshid

Mian Mujahid Khurshid of Pakistan Flour Mills Association (PFMA) on Friday claimed that the Islamabad High Court (IHC) had restored him as Chairman of PFMA Punjab. Addressing a press conference at PFMA House, he said that IHC had allowed him to continue i
Published 30 Jul, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (July 29, 2011).

Published 30 Jul, 2011 12:00am
Vietnam and Pakistan to promote bilateral trade cooperation

Vietnam and Pakistan to promote bilateral trade cooperation

The Vietnam Chamber of Commerce and Industry (VCCI) and the Trade Development Authority of Pakistan (TDAP) held a workshop here on Friday on trade co-operation between the two countries, with the hope to provide opportunities for businesses of both sides
Published 30 Jul, 2011 12:00am
Provinces reject reduction in water allocation

Provinces reject reduction in water allocation

All four provinces have turned down any reduction in water allocation for 2011-12 Kharif crops despite low water flows in the four rivers during the current monsoon season, Punjab Irrigation consultant and canal regulator M H Siddiqui told Business Rec
Published 30 Jul, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (July 29, 2011).

Published 30 Jul, 2011 12:00am
'Blasphemous content': protest over publication of book

'Blasphemous content': protest over publication of book

Scores of people staged a protest demonstration against a book, which is said to have carried a blasphemous content, in the limits of Aram Bagh police station on Friday. The protesters, who took to streets to express their disenchantment against that book
Published 30 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 29, 2011).

Published 30 Jul, 2011 12:00am
'Cellular Village Connection Trial' launched in AJK

'Cellular Village Connection Trial' launched in AJK

Chairman Pakistan Telecommunication Authority, Dr Mohammed Yaseen visited Special Communication Organisation (SCO) Sector Headquarter, Muzzafarabad, to launch "Cellular Village Connection Trial" in the Neelum Valley. SCO Sector Commander, Colonel Shafqat
Published 30 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 29, 2011).

Published 30 Jul, 2011 12:00am
Transfers and postings

Transfers and postings

The Punjab government has on Friday carried out transfer and postings of government officials. According to a notification, Tariq Mahmood, Assistant Commissioner, Khanpur, is transferred and his services have been placed at the disposal of Director Genera
Published 30 Jul, 2011 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

Rupee-dollar parity rates come down on the currency market on Friday owing to strong dollars' buying by importers to clear the overseas bills, dealers said. The rupee shed eight paisa versus dollar for buying at 86.53 and lost seven paisa for selling at 8
Published 30 Jul, 2011 12:00am
'Award of 3G license being finalised'

'Award of 3G license being finalised'

Federal Secretary, Ministry of Information & Technology and Telecom, Saeed Ahmed Khan on Friday said award of 3G license is being finalised. The 3G license will give a boost to foreign investment in Pakistan besides providing jobs to thousands of people,
Published 30 Jul, 2011 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

Rupee-dollar parity rates come down on the currency market on Friday owing to strong dollars' buying by importers to clear the overseas bills, dealers said. The rupee shed eight paisa versus dollar for buying at 86.53 and lost seven paisa for selling at 8
Published 30 Jul, 2011 12:00am
Three doctors suspended for alleged malpractice

Three doctors suspended for alleged malpractice

Secretary Health Punjab, Muhammad Jehanzeb Khan has suspended three senior doctors and two Operation Theatre Assistants (OTA) allegedly involved in kidney scandal.
Published 30 Jul, 2011 12:00am
Hina calls on Zardari

Hina calls on Zardari

Ms Hina Rabbani Khar, Minister for Foreign Affairs, called on President Asif Ali Zardari at Aiwan-e-Sadr on Friday. The minister briefed the president about her recent visit to India and her discussions with the Indian leadership. Expressing satisfaction
Published 30 Jul, 2011 12:00am
My Raiwind statement was misquoted: Malik

My Raiwind statement was misquoted: Malik

Minister for Interior, Rehman Malik on Friday said a section of media has misquoted him regarding his statement on Raiwind religious congregation. In a statement issued here, he said Raiwind Deeni Markaz is not involved in any terrorist activity. "I have
Published 30 Jul, 2011 12:00am
PASA appeals for fixing cotton price at Rs 6,500

PASA appeals for fixing cotton price at Rs 6,500

Pakistan Agriculture Scientists Association (PASA) President Jamshed Cheema has appealed to the Prime Minister to fix the support price for cotton crop at Rs 6,500 per 40 kg to save the farmers community. While talking to a delegation of growers at his of
Published 30 Jul, 2011 12:00am
12 killed in accident near Kotli

12 killed in accident near Kotli

A passenger van careened off down a gorge near Kotli in Mirpur Azad Jammu and Kashmir, killing at least 12 people and injuring eight people on Friday. According to police, at least 12 people lost their lives and eight others injured when their van skidded
Published 30 Jul, 2011 12:00am
MQM to take part in PPP's 'Amn Rally': Sharjeel Memon visits Nine Zero

MQM to take part in PPP's 'Amn Rally': Sharjeel Memon visits Nine Zero

Sindh Minister for Information, Sharjeel Inam Memon on Friday evening visited the headquarters of Muttahida Qaumi Movement (MQM) at Azizabad here and invited the MQM to join the "Aman Rally" which would be taken out on July 30, at 4 pm, from the Helipad a
Published 30 Jul, 2011 12:00am
Prime Minister constitutes three new ministries, divisions

Prime Minister constitutes three new ministries, divisions

Prime Minister Syed Yusuf Raza Gilani on Friday constituted three new ministries with divisions namely the ministries of National Harmony, Human Resource Development and Professional and Technical Training. The Prime Minister constituted the new ministrie
Published 30 Jul, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (July 29, 2011).

Published 30 Jul, 2011 12:00am
Prime Minister stresses need to strengthen democratic institutions

Prime Minister stresses need to strengthen democratic institutions

Prime Minister Yousuf Raza Gilani has stressed the need of strengthening the Parliament and democratic institutions. He said that it was duty of each Parliamentarians to work for the supremacy of Parliament. The Prime Minister was talking to Abdul Ghafoor
Published 30 Jul, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Jul, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 30 Jul, 2011 12:00am
SJC expresses solidarity with Supreme Court

SJC expresses solidarity with Supreme Court

Dozens of lawyers here Friday took out a rally Friday under the banner of Save Judiciary Committee (SJC) to express solidarity with the Supreme Court, demanding the federal government to implement court orders. Chairman SJC, Abdul Rashid Qureshi led the r
Published 30 Jul, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Jul, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 30 Jul, 2011 12:00am
IHK bar re-elects Qayoom as President, Shaheen general secretary

IHK bar re-elects Qayoom as President, Shaheen general secretary

Kashmir High Court Bar Association in occupied Kashmir has re-elected noted lawyers Mian Abdul Qayoom and Ghulam Nabi Shaheen as its President and General Secretary respectively. Polling was held at the Sadder Court Complex in occupied Srinagar. Mian Abdu
Published 30 Jul, 2011 12:00am
FBR's tax-to-GDP ratio declines to 8.6 percent

FBR's tax-to-GDP ratio declines to 8.6 percent

The Federal Board of Revenue's (FBR) Tax-to-GDP ratio has been declined to 8.6 percent following net revenue collection of Rs 1550 billion during 2010-2011. Sources told Business Recorder here on Friday that the federal taxes to GDP ratio is presen
Published 30 Jul, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Jul, 2011 12:00am
Kasab appeals against conviction

Kasab appeals against conviction

The lone surviving gunman from the 2008 Mumbai attacks that left 166 dead has filed a case at the Indian Supreme Court asking for his death sentence to be overturned, a court source told AFP Friday. The source said Mohammed Ajmal Amir Kasab had sent an ap
Published 30 Jul, 2011 12:00am
Kasab appeals against conviction

Kasab appeals against conviction

The lone surviving gunman from the 2008 Mumbai attacks that left 166 dead has filed a case at the Indian Supreme Court asking for his death sentence to be overturned, a court source told AFP Friday. The source said Mohammed Ajmal Amir Kasab had sent an ap
Published 30 Jul, 2011 12:00am
Foreign investors: ''online work visa application'' system introduced

Foreign investors: ''online work visa application'' system introduced

Prime Minister Yousuf Raza Gilani on Friday launched ''Online Work Visa Application system'', introduced by the Board of Investment (BoI) for the foreign investors, which would enable them to get the work visa immediately. The Prime Minister said that the
Published 30 Jul, 2011 12:00am
Foreign investors: 'online work visa application' system introduced

Foreign investors: 'online work visa application' system introduced

Prime Minister Yousuf Raza Gilani on Friday launched 'Online Work Visa Application system', introduced by the Board of Investment (BoI) for the foreign investors, which would enable them to get the work visa immediately. The Prime Minister said that the n
Published 30 Jul, 2011 12:00am
Foreign investors: 'online work visa application' system introduced

Foreign investors: 'online work visa application' system introduced

Prime Minister Yousuf Raza Gilani on Friday launched 'Online Work Visa Application system', introduced by the Board of Investment (BoI) for the foreign investors, which would enable them to get the work visa immediately. The Prime Minister said that the n
Published 30 Jul, 2011 12:00am
UN adds Tehrik-e-Taliban Pakistan to sanctions list

UN adds Tehrik-e-Taliban Pakistan to sanctions list

The United Nations on Friday slapped sanctions on the Tehrik-e-Taliban Pakistan - thought to be behind last year's failed bombing attempt on New York's Times Square - for having links with al Qaeda. The UN Security Council said its sanctions committee dea
Published 30 Jul, 2011 12:00am
UN adds Tehrik-e-Taliban Pakistan to sanctions list

UN adds Tehrik-e-Taliban Pakistan to sanctions list

The United Nations on Friday slapped sanctions on the Tehrik-e-Taliban Pakistan - thought to be behind last year's failed bombing attempt on New York's Times Square - for having links with al Qaeda. The UN Security Council said its sanctions committee dea
Published 30 Jul, 2011 12:00am
Banks'' Ramazan timings

Banks'' Ramazan timings

The State Bank of Pakistan on Friday announced the business (banking) and office hours during Ramazan-ul-Mubarak. All banks, Development Finance Institutions (DFIs), Microfinance Banks (MFBs) and Field Offices of SBP Banking Services Corporation (SBP BSC)
Published 30 Jul, 2011 12:00am
Banks' Ramazan timings

Banks' Ramazan timings

The State Bank of Pakistan on Friday announced the business (banking) and office hours during Ramazan-ul-Mubarak. All banks, Development Finance Institutions (DFIs), Microfinance Banks (MFBs) and Field Offices of SBP Banking Services Corporation (SBP BSC)
Published 30 Jul, 2011 12:00am
Banks' Ramazan timings

Banks' Ramazan timings

The State Bank of Pakistan on Friday announced the business (banking) and office hours during Ramazan-ul-Mubarak. All banks, Development Finance Institutions (DFIs), Microfinance Banks (MFBs) and Field Offices of SBP Banking Services Corporation (SBP BSC)
Published 30 Jul, 2011 12:00am
Government urged to ban used cars'' import

Government urged to ban used cars'' import

A leading automobile company is said to have requested the government to slap a ban on import of used cars, recently allowed by the Economic Co-ordination Committee (ECC) of the Cabinet, well-informed sources told Business Recorder here on Friday.
Published 30 Jul, 2011 12:00am
Government urged to ban used cars' import

Government urged to ban used cars' import

A leading automobile company is said to have requested the government to slap a ban on import of used cars, recently allowed by the Economic Co-ordination Committee (ECC) of the Cabinet, well-informed sources told Business Recorder here on Friday.
Published 30 Jul, 2011 12:00am
Government urged to ban used cars' import

Government urged to ban used cars' import

A leading automobile company is said to have requested the government to slap a ban on import of used cars, recently allowed by the Economic Co-ordination Committee (ECC) of the Cabinet, well-informed sources told Business Recorder here on Friday.
Published 30 Jul, 2011 12:00am