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Print - 2013-11-08
'PTA's vigilance cell working to monitor grey trafficking'

'PTA's vigilance cell working to monitor grey trafficking'

Grey trafficking is one of the major issues for telecom operators as approximately 400 million minutes of illegal calls are made every month from Pakistan to other countries, which is causing million of dollars loss to the national exchequer, it is learnt
Published 08 Nov, 2013 12:00am
Journalists urged to highlight importance of climate change

Journalists urged to highlight importance of climate change

Climate change experts in a day-long journalist workshop on Thursday stressed upon media to mainstream the issue of climate change not just as an environmental issue, but as a development and economic challenge. The workshop titled "Taking Pakistan to COP
Published 08 Nov, 2013 12:00am
Making deceptive claim: CCP issued show-cause notice to a food firm

Making deceptive claim: CCP issued show-cause notice to a food firm

The Competition Commission of Pakistan (CCP) has concluded an enquiry and issued a show cause notice to Shangrila (Pvt) Limited for indulging into alleged deceptive marketing practices by making a claim of being 'No 1 tomato ketchup in Pakistan'.
Published 08 Nov, 2013 12:00am
Transporters cease goods supplies to seaport temporarily

Transporters cease goods supplies to seaport temporarily

Transporters on Thursday ceased goods supplies to seaport temporarily to protest against, what they called, the police and customs monthly extortions and trucks hijacking on highways. Talking to Business Recorder, transporters said they will go for
Published 08 Nov, 2013 12:00am
Shutdown schedule for Sindh CNG stations

Shutdown schedule for Sindh CNG stations

In compliance with the sector-wise priority order for gas load management, during coming week, all CNG stations in Sindh would remain closed for two days. According to the schedule, issued by SSGC, all CNG stations in Sindh province will remain closed fro
Published 08 Nov, 2013 12:00am
KMC employees slate amendment to LG Act

KMC employees slate amendment to LG Act

Employees of Karachi Metropolitan Corporation (KMC) on Thursday staged protest demonstration outside Civic Centre against arbitrary amendments of Sindh Local Government Act 2013, deduction in KMC's funds. A large number of KMC employees participated in th
Published 08 Nov, 2013 12:00am
Sindh ready to hold LB polls as per Supreme Court directives: Qaim

Sindh ready to hold LB polls as per Supreme Court directives: Qaim

Sindh Chief Minister Syed Qaim Ali Shah has said that the provincial government is ready to hold local bodies' elections as per directives of the Supreme Court. He was presiding over a meeting regarding preparations for LB elections, here at the Chief Min
Published 08 Nov, 2013 12:00am
Iqbal Day sketching, calligraphy competition

Iqbal Day sketching, calligraphy competition

The QIRTAS, Literary Society of the University of Veterinary and Animal Sciences Lahore, arranged a painting, sketching and calligraphy competition in connection with Iqbal Day here on Thursday. The university students participated in the competition in a
Published 08 Nov, 2013 12:00am
IMC, PIF announce National Innovation Grand Challenge

IMC, PIF announce National Innovation Grand Challenge

Indus Motor Company (IMC) and Pakistan Innovation Foundation (PIF) have announced the launch of National Innovation Grand Challenge (NIGC) 2013-14. A year-long 'Open Innovation' competition, NICG encourages Pakistani Innovators, youth, students, professio
Published 08 Nov, 2013 12:00am
Residents of Chitral protest closure of Lowari Tunnel

Residents of Chitral protest closure of Lowari Tunnel

Expressing voice concern over closure of Lowari Tunnel, residents of district Chitral on Thursday staged a protest demonstration on main trunk road, demanding to open the tunnel immediately. The protest was spearheaded by former MNA and Jammat-e-Islami le
Published 08 Nov, 2013 12:00am
Rainfall in most parts of Khyber Pakhtunkhwa raises chill

Rainfall in most parts of Khyber Pakhtunkhwa raises chill

Most parts of Khyber Pakhtunkhwa including Peshawar City received heavy rainfall of varying intensities on Thursday, increasing chill in weather by decreasing temperature. The rain started late Wednesday increased the chill and caused little miseries to d
Published 08 Nov, 2013 12:00am
New customs values of toiletries fixed

New customs values of toiletries fixed

Directorate General of Customs Valuation Karachi has fixed new customs values of toiletries, excluding certain brands for accurate assessment of duty at the import stage. Sources told Business Recorder here on Thursday that the Directorate General
Published 08 Nov, 2013 12:00am
North Waziristan termed epicentre of polio disease

North Waziristan termed epicentre of polio disease

Terming North Waziristan area as epicentre of polio disease, senior Paediatricians on Thursday said that out of total 57 polio cases reported this year so far in the country, over 80 percent among them are from Khyber-Pakhtunkhwa as against four in Punjab
Published 08 Nov, 2013 12:00am
Growers advised to complete wheat sowing by November 15

Growers advised to complete wheat sowing by November 15

Punjab Agriculture Department (PAD) has once again advised the growers to complete wheat sowing by November 15, to get maximum per acre yield and achieve the production target of 19 million tons of wheat which set by the provincial government for the curr
Published 08 Nov, 2013 12:00am
Danish minister visits FCCI

Danish minister visits FCCI

"Denmark Embassy will enhance co-ordination with Faisalabad Chamber of Commerce and Industry (FCCI) to further facilitate business community and to increase bilateral trade, Denmark ambassador will visit FCCI in January 2014." FCCI President Engr Suhail B
Published 08 Nov, 2013 12:00am
Students hold discussion on Balochistan affairs at LUMS

Students hold discussion on Balochistan affairs at LUMS

A delegation of students from various universities of Balochistan visited the Lahore University of Management Sciences (LUMS) and discussed the problems of the province is facing and help to create awareness among them. According to the spokesperson of th
Published 08 Nov, 2013 12:00am
Nespak sets up complaint cell

Nespak sets up complaint cell

Amjad A. Khan after having taken over as MD National Engineering Services Pakistan Private Limited (Nespak) has set up a complaint and monitoring cell for the redressal of the genuine grievances of their clients and removal of misunderstandings and compla
Published 08 Nov, 2013 12:00am
Mobilink sets up relief camp for Awaraan quake victims

Mobilink sets up relief camp for Awaraan quake victims

Mobilink Foundation has initiated a non-food items collection drive for Awaraan, Balochistan affected. The onset of winter has created an urgent need for warm clothing, blankets and temporary shelter for families who have lost their homes and livelihoods
Published 08 Nov, 2013 12:00am
LSE delists Taxila Engineering from November 11

LSE delists Taxila Engineering from November 11

The Lahore Stock Exchange Limited, after due consideration of facts and circumstances and in exercise of the powers vested in it under Section 9(4) of the Securities & Exchange Ordinance, 1969 and Listing Regulations of the Exchange, has decided to delist
Published 08 Nov, 2013 12:00am
Measures for healthier environmental issues Discussed

Measures for healthier environmental issues Discussed

Faisalabad Research Forum held a meeting on environment issues, facing shortage of water and forest resources, increasing pollution and climate changes. The meeting was chaired by Commissioner Faisalabad Sardar Muhammad Akram Javed at New Senate Hall, Uni
Published 08 Nov, 2013 12:00am
Korean investors show interest in renewable energy sources

Korean investors show interest in renewable energy sources

Korean investors have shown their keen interest in investing in Pakistan in the field of wind power, bio-energy and other renewable energy sources. The interest of investment has been shown by Joonwoo Choi, General Manager of Samsung C&T who called on Cha
Published 08 Nov, 2013 12:00am
WFP provides wheat storage kits to Passco

WFP provides wheat storage kits to Passco

The United Nations World Food Programme (WFP) has provided 165 Gunji kits worth Rs 14.7 million and enabling storage of 58,000 metric tons of wheat to Pakistan Agricultural Storage and Services Corporation (Passco) in a joint effort to reduce post-harvest
Published 08 Nov, 2013 12:00am
Parallel Senate 'session' by opposition for second day

Parallel Senate 'session' by opposition for second day

The opposition Senators on Thursday held their parallel 'session' at the Parliament's House lawn for the second consecutive day with fiery speeches against wrong statistics of casualties in Khyber Pakhtunkhwa due to terrorism incidents provided to the hou
Published 08 Nov, 2013 12:00am
International labour conference to be held in March

International labour conference to be held in March

Punjab Labour and Human Resource Department would organise an International Labour Conference in March next year in collaboration with International Labour Organization (ILO). This was disclosed by Provincial Minister for Labour & Human Resources Raja Ash
Published 08 Nov, 2013 12:00am
Sustainable management of tuna fish: WWF-P signs MoU with Maldives

Sustainable management of tuna fish: WWF-P signs MoU with Maldives

World Wide Funds for Nature-Pakistan (WWF-P) in collaboration with WWF's Smart Fishing Initiative (SFI) has signed a Memorandum of Understanding with the Ministry of Fisheries and Agriculture (MoFA), Government of Maldives, through its Marine Research Cen
Published 08 Nov, 2013 12:00am
PIAF hails EU's approval of GSP plus status

PIAF hails EU's approval of GSP plus status

Pakistan Industrial and Traders Association Front (PIAF) has welcomed the approval of GSP Plus status for Pakistan by the European Union International Trade Committee and termed it good news for export-oriented industry of the county. In a press statement
Published 08 Nov, 2013 12:00am
Jamaat-i-Islami opposes fresh APC

Jamaat-i-Islami opposes fresh APC

While opposing another APC on the issue of talks with the Taliban, Ameer Jamaat-i-Islami Syed Munawar Hasan has impressed upon the government to implement the previous all parties' conference decision on this score. In an interview with a TV channel on Th
Published 08 Nov, 2013 12:00am
Five killed in separate incidents of violence

Five killed in separate incidents of violence

At least five people were killed in separate incidents of violence on Thursday, police and rescue sources said. A body of youngster was found in Behar Colony, Lyari in the limits of Chikiwara police station. The victim was later identified as Nadir, 16, s
Published 08 Nov, 2013 12:00am
Businessmen hail GSP Plus status granted by EU

Businessmen hail GSP Plus status granted by EU

Business community has welcomed the grant of duty free access to Pakistan textile made-ups by the Europe Union (EU) under the provision of Generalised System of Preference (GSP) plus with effect from January 1, 2014. Commenting on news item appeared in a
Published 08 Nov, 2013 12:00am
28 criminals arrested

28 criminals arrested

Rangers on Thursday claimed to have arrested 28 criminals including target killers and Bhatta mafia affiliated with a political party during targeted raids in different parts of the city and recovered arms from their possession. Rangers conducted targeted
Published 08 Nov, 2013 12:00am
LEAs review security during Muharram

LEAs review security during Muharram

A high level security meeting of Operational Committee was held at HQ Pakistan Rangers Sindh on Thursday. The meeting was presided over DG Rangers Major General Rizwan Akhtar. The meeting discussed the ongoing drive against criminal elements and security
Published 08 Nov, 2013 12:00am
'Government wants to escape LB elections'

'Government wants to escape LB elections'

Secretary General Jamaat-i-Islami Liaqat Baloch has said that the government wanted to escape the local bodies' (LB) elections on the pretext of printing of ballot papers problems. In a statement on Thursday, he said the day-to-day developments in regard
Published 08 Nov, 2013 12:00am
Minister visits hospitals to inquire after dengue patients' health

Minister visits hospitals to inquire after dengue patients' health

Punjab Minister for Health Khalil Tahir Sindhu has directed government hospitals management to get the case history of dengue patients from their family physicians, who had treated before and refer to the hospital, as it would be helpful in the treatment
Published 08 Nov, 2013 12:00am
LHC orders LB polls on party basis

LHC orders LB polls on party basis

A special division bench of the Lahore High Court (LHC) on Thursday while declaring Section 18 of Punjab Local Government Act 2013 void, ordered to hold local bodies (LBs) elections in Punjab on party basis. However, the court held that the provincial gov
Published 08 Nov, 2013 12:00am
Judge resigns for lack of trust

Judge resigns for lack of trust

Member election tribunal former Justice Kazim Ali Malik on Thursday tendered his resignation in protest after the counsel for a PTI candidate Hamid Khan, raised serious allegations against him during court's proceedings. Hamid Khan had filed election peti
Published 08 Nov, 2013 12:00am
Five-marla houses out of 'A' category exempted from property tax

Five-marla houses out of 'A' category exempted from property tax

Five-marla houses in the areas falling other than "A" category will be exempted of property tax; however, small houses in posh as well as in "A" category areas will be liable to pay tax as per schedule, said Shahid Ashraf Tarar provincial Secretary Excise
Published 08 Nov, 2013 12:00am
Pakistan Movement paintings: Jimmy accomplishes challenging task

Pakistan Movement paintings: Jimmy accomplishes challenging task

Prominent artist and social worker of international repute and fame Jimmy Engineer has reiterated that he considers mural on poetic collection of great philosopher and poet Allama Muhammad Iqbal "Javid Namah" and series of huge paintings depicting sufferi
Published 08 Nov, 2013 12:00am
The Weather

The Weather

The weather report on Thursday (November 07, 2013) and the forecast for Friday (November 08, 2013).

Published 08 Nov, 2013 12:00am
Minister vows to continue campaign against dengue till its end

Minister vows to continue campaign against dengue till its end

Punjab Minister for Excise and Taxation, Finance Mian Mujtaba Shujaur Rehman said campaign against dengue fever is a continued effort and "we will uphold this campaign against the curse till its end." He expressed these views while visiting dengue patient
Published 08 Nov, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 07, 2013).

Published 08 Nov, 2013 12:00am
Intelligence agencies deny custody of Mujahid, his son

Intelligence agencies deny custody of Mujahid, his son

All national intelligence agencies on Wednesday denied the custody of a retired major of Pakistan Army Mujahid Azeem and his son Ali Tariq before the Lahore High Court. The agencies denied this while submitting their replies in the LHC in a petition seeki
Published 08 Nov, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 07, 2013).

Published 08 Nov, 2013 12:00am
Pakistan's foreign exchange reserves up by $12.6 million

Pakistan's foreign exchange reserves up by $12.6 million

The country's total liquid foreign exchange reserves surged by $12.6 million to $9.51 billion during last week, the central bank said. According to the State Bank of Pakistan's weekly report, reserves held by SBP fell by $74.9 million to $4.224 billion as
Published 08 Nov, 2013 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 08 Nov, 2013 12:00am
MQM and PPP discuss LG polls issue

MQM and PPP discuss LG polls issue

A delegation of Muttahida Qaumi Movement (MQM) on Thursday called on Pakistan People's Party (PPP) leadership at Chief Minister House and discussed issues relating to Local Bodies (LB) elections. The MQM delegation comprised of Dr Sagheer Ahmed, Kanwar Na
Published 08 Nov, 2013 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 08 Nov, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 07, 2013).

Published 08 Nov, 2013 12:00am
Avari Dubai hoping to make it big at World Expo 2020

Avari Dubai hoping to make it big at World Expo 2020

Recently BR Research met two hoteliers from Avari Dubai Hotels and Apartments--the only Pakistani hotel company that has hotel outside Pakistan-Ramzi Assily, the Cluster General Manager in Dubai and Mannan Khan, their Director Sales and Marketing. The duo
Published 08 Nov, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (November 07, 2013) and for Friday (November 08, 2013).
Published 08 Nov, 2013 12:00am
Avari Dubai hoping to make it big at World Expo 2020

Avari Dubai hoping to make it big at World Expo 2020

Recently BR Research met two hoteliers from Avari Dubai Hotels and Apartments--the only Pakistani hotel company that has hotel outside Pakistan-Ramzi Assily, the Cluster General Manager in Dubai and Mannan Khan, their Director Sales and Marketing. The duo
Published 08 Nov, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 07, 2013).

Published 08 Nov, 2013 12:00am
MPS due this month: SBP may adopt tight monetary policy

MPS due this month: SBP may adopt tight monetary policy

The State Bank of Pakistan is likely to adopt a tight monetary policy for next two months to contain rising inflationary pressure on the economy and stabilise the exchange rate. The Monetary Policy Statement (MPS) for two months is due in mid of November.
Published 08 Nov, 2013 12:00am
MPS due this month: SBP may adopt tight monetary policy

MPS due this month: SBP may adopt tight monetary policy

The State Bank of Pakistan is likely to adopt a tight monetary policy for next two months to contain rising inflationary pressure on the economy and stabilise the exchange rate. The Monetary Policy Statement (MPS) for two months is due in mid of November.
Published 08 Nov, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (November 07, 2013).

Published 08 Nov, 2013 12:00am
MPS due this month: SBP may adopt tight monetary policy

MPS due this month: SBP may adopt tight monetary policy

The State Bank of Pakistan is likely to adopt a tight monetary policy for next two months to contain rising inflationary pressure on the economy and stabilise the exchange rate. The Monetary Policy Statement (MPS) for two months is due in mid of November.
Published 08 Nov, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 07, 2013).

Published 08 Nov, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 07, 2013).

Published 08 Nov, 2013 12:00am
THE RUPEE: dollar at Rs 108

THE RUPEE: dollar at Rs 108

The dollar touched the high level at Rs 108 against the rupee on the local currency market on Thursday, dealers said. The rupee lost 25-paisa versus the dollar, hit the high for buying and selling at Rs 108.00 and Rs 108.20, they added. The rupee also dro
Published 08 Nov, 2013 12:00am
THE RUPEE: dollar at Rs 108

THE RUPEE: dollar at Rs 108

The dollar touched the high level at Rs 108 against the rupee on the local currency market on Thursday, dealers said. The rupee lost 25-paisa versus the dollar, hit the high for buying and selling at Rs 108.00 and Rs 108.20, they added. The rupee also dro
Published 08 Nov, 2013 12:00am
Senate body seeks details of forex repatriated by telecom companies

Senate body seeks details of forex repatriated by telecom companies

Senate Standing Committee on Interior has recommended that the Ministry of Finance and the Federal Board of Revenue should submit details of the foreign exchange repatriated by telecom companies from Pakistan since the start of business. Sources told B
Published 08 Nov, 2013 12:00am
Senate body seeks details of forex repatriated by telecom companies

Senate body seeks details of forex repatriated by telecom companies

Senate Standing Committee on Interior has recommended that the Ministry of Finance and the Federal Board of Revenue should submit details of the foreign exchange repatriated by telecom companies from Pakistan since the start of business. Sources told B
Published 08 Nov, 2013 12:00am
Senate body seeks details of forex repatriated by telecom companies

Senate body seeks details of forex repatriated by telecom companies

Senate Standing Committee on Interior has recommended that the Ministry of Finance and the Federal Board of Revenue should submit details of the foreign exchange repatriated by telecom companies from Pakistan since the start of business. Sources told B
Published 08 Nov, 2013 12:00am
Senate body seeks details of forex repatriated by telecom companies

Senate body seeks details of forex repatriated by telecom companies

Senate Standing Committee on Interior has recommended that the Ministry of Finance and the Federal Board of Revenue should submit details of the foreign exchange repatriated by telecom companies from Pakistan since the start of business. Sources told B
Published 08 Nov, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (November 07, 2013).

Published 08 Nov, 2013 12:00am
Three ordinances tabled in National Assembly

Three ordinances tabled in National Assembly

The government on Thursday tabled three Ordinances, including the Anti-Terrorism (Amendment) Ordinance, 2013 (No 7, of 2013), the Anti-Terrorism (Amendment) Ordinance, 2013, (No 8 of 2013) and the Protection of Pakistan Ordinance, 2013, (No 9 of 2013) in
Published 08 Nov, 2013 12:00am
Three ordinances tabled in National Assembly

Three ordinances tabled in National Assembly

The government on Thursday tabled three Ordinances, including the Anti-Terrorism (Amendment) Ordinance, 2013 (No 7, of 2013), the Anti-Terrorism (Amendment) Ordinance, 2013, (No 8 of 2013) and the Protection of Pakistan Ordinance, 2013, (No 9 of 2013) in
Published 08 Nov, 2013 12:00am
Global food prices rise in October after five months of falls

Global food prices rise in October after five months of falls

Global food prices rose slightly in October after declining for the past five months, the United Nations food agency said on Thursday, forecasting more stability in markets as it raised its estimate for 2013/14 cereals output. The rise in prices last mont
Published 08 Nov, 2013 12:00am
Global food prices rise in October after five months of falls

Global food prices rise in October after five months of falls

Global food prices rose slightly in October after declining for the past five months, the United Nations food agency said on Thursday, forecasting more stability in markets as it raised its estimate for 2013/14 cereals output. The rise in prices last mont
Published 08 Nov, 2013 12:00am
Global food prices rise in October after five months of falls

Global food prices rise in October after five months of falls

Global food prices rose slightly in October after declining for the past five months, the United Nations food agency said on Thursday, forecasting more stability in markets as it raised its estimate for 2013/14 cereals output. The rise in prices last mont
Published 08 Nov, 2013 12:00am
Anwar Baig appointed BISP chairman

Anwar Baig appointed BISP chairman

Prime Minister Nawaz Sharif on Thursday appointed former PPP Senator Anwar Baig as new chairman of Benazir Income Support Programme (BISP). A spokesman said the PM has approved the appointment of Anwar Baig as chairman of BISP. Former senator Baig is a fo
Published 08 Nov, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Nov, 2013 12:00am
Anwar Baig appointed BISP chairman

Anwar Baig appointed BISP chairman

Prime Minister Nawaz Sharif on Thursday appointed former PPP Senator Anwar Baig as new chairman of Benazir Income Support Programme (BISP). A spokesman said the PM has approved the appointment of Anwar Baig as chairman of BISP. Former senator Baig is a fo
Published 08 Nov, 2013 12:00am
Board meetings in progress

Board meetings in progress

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

Published 08 Nov, 2013 12:00am
Anwar Baig appointed BISP chairman

Anwar Baig appointed BISP chairman

Prime Minister Nawaz Sharif on Thursday appointed former PPP Senator Anwar Baig as new chairman of Benazir Income Support Programme (BISP). A spokesman said the PM has approved the appointment of Anwar Baig as chairman of BISP. Former senator Baig is a fo
Published 08 Nov, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 Nov, 2013 12:00am
Yasin's appeal: Chief Justice forms larger bench

Yasin's appeal: Chief Justice forms larger bench

Chief Justice Iftikhar Muhammad Chaudhry on Thursday constituted a five-member larger bench to hear an intra-court appeal of Secretary Defence Lieutenant General Asif Yasin Malik (Retd). The bench will be headed by Justice Nasirul Mulk, while other member
Published 08 Nov, 2013 12:00am