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Print - 2008-11-29
Circular debts size rises by 90 percent in two months

Circular debts size rises by 90 percent in two months

The size of circular debt has tremendously increased, by 90 percent, in the last two months, to Rs 190 billion in November 2008 from Rs 100 billion in September this year. "Though the oil price shock, seen last year, has come to an end, its repercussions
Published 29 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 28, 2008).

Published 29 Nov, 2008 12:00am
Call for awareness to eliminate hepatitis

Call for awareness to eliminate hepatitis

Dr Rasheed Jooma, Director General (DG) Health has underlined the need of launching awareness campaign at every level to eradicate hepatitis. This he said while addressing inaugural ceremony of second Annual congress of Pakistan Society for Study of Liver
Published 29 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 28, 2008).

Published 29 Nov, 2008 12:00am
Speakers criticise CDGK road commercialisation policy

Speakers criticise CDGK road commercialisation policy

The commercialisation of 20 major thoroughfares by City District Government Karachi (CDGK) has contributed most to the public sufferings in this megalopolis. These views were expressed by speakers at a seminar on 'CDGK's Commercialisation of Road Policy'
Published 29 Nov, 2008 12:00am
Complaint Cell set up in Makkah for pilgrims

Complaint Cell set up in Makkah for pilgrims

State Minister for Religious Affairs Shagufta Jumani has said the Ministry of Religious Affairs has set up a Complaint Cell in Pakistan House Makkah, Saudi Arabia to address problems of pilgrims during Haj.
Published 29 Nov, 2008 12:00am
Funding will also flow from World Bank, ADB: Shamshad

Funding will also flow from World Bank, ADB: Shamshad

Governor State Bank of Pakistan (SBP) Dr Shamshad Akhtar said on Friday that US $3.059 billion has been received as first tranche of IMF loan and hoped that funding will also flow to Pakistan from World Bank (WB) and Asian Development Bank (ADB).
Published 29 Nov, 2008 12:00am
THE RUPEE: no major change

THE RUPEE: no major change

Minor changes were seen on the currency market on Friday as supply was good in process of trading, dealers said. On the interbank market the rupee maintained its overnight level versus dollar for buying at 78.85 while it fell with slight loss of two paisa
Published 29 Nov, 2008 12:00am
THE RUPEE: no major change

THE RUPEE: no major change

Minor changes were seen on the currency market on Friday as supply was good in process of trading, dealers said. On the interbank market the rupee maintained its overnight level versus dollar for buying at 78.85 while it fell with slight loss of two paisa
Published 29 Nov, 2008 12:00am
NAB approves corruption references, investigations

NAB approves corruption references, investigations

A meeting of Executive Board of National Accountability Bureau (NAB) held here on Friday presided by Nawid Ahsan, Chairman NAB approved a number of references. According to a NAB press release, reference against Muhammad Aslam Chairman Kissan Co-operative
Published 29 Nov, 2008 12:00am
PTA awards five WLL licences

PTA awards five WLL licences

The Pakistan Telecommunication Authority (PTA) on Friday awarded, to successful bidders, five Wireless Local Loop (WLL) licences, worth Rs 26 million, for providing innovative telecom services in Azad Jammu and Kashmir (AJK) and Northern Areas (NAs).
Published 29 Nov, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (November 28, 2008).

Published 29 Nov, 2008 12:00am
Dr Asim visits PSO bio-diesel pilot nursery

Dr Asim visits PSO bio-diesel pilot nursery

Advisor to Prime Minister for Ministry of Petroleum and Natural Resources, Dr Asim Hussain, visited bio diesel nursery of Pakistan State Oil (PSO) located in Karachi. During his visit MD PSO Kalim A. Siddiqui briefed the Advisor on the progress of this pr
Published 29 Nov, 2008 12:00am
Environmental education: Unesco to help develop curriculum

Environmental education: Unesco to help develop curriculum

The curriculum on environmental education from primary to Class 9 have been developed and a curriculum committee has been formulated to fine-tune the syllabus. It was announced by the Federal Minister for Environment Hameed Ullah Jan Afridi in a meeting w
Published 29 Nov, 2008 12:00am
World AIDS day on December 1

World AIDS day on December 1

World Acquired Immune Deficiency Syndrome (AIDS) Day will be observed on December 1 in Pakistan as elsewhere in the world to create awareness among the people across the globe. World AIDS Day provides an opportunity to governments, national AIDS programs,
Published 29 Nov, 2008 12:00am
PPP and PML-N narrowing the differences

PPP and PML-N narrowing the differences

The PPP and PML-N have come closer in narrowing their differences in Punjab as the latter has demanded the appointment of non-controversial person as governor of PML-N-ruled central province, sources told Business Recorder Friday. However, insiders
Published 29 Nov, 2008 12:00am
Nadra suspends Verisys services

Nadra suspends Verisys services

National Database & Registration Authority (Nadra) has suspended its services of Online Verifications (Verisys) to all those clients who failed to renew the service agreement despite several reminders and notices. The decision was made during a high level
Published 29 Nov, 2008 12:00am
Eid-ul-Azha on December 9

Eid-ul-Azha on December 9

The Central Ruet-e-Hilal Committee announced on Friday that new moon of Zilhij was not sighted on Friday. As such, Eid-ul-Azha will be observed on December 9 (Tuesday). Announcing the decision, the Chairman of Central Ruet-e-Hilal Committee said that the
Published 29 Nov, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Nov, 2008 12:00am
Eid-ul-Azha on December 9

Eid-ul-Azha on December 9

The Central Ruet-e-Hilal Committee announced on Friday that new moon of Zilhij was not sighted on Friday. As such, Eid-ul-Azha will be observed on December 9 (Tuesday). Announcing the decision, the Chairman of Central Ruet-e-Hilal Committee said that the
Published 29 Nov, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 29 Nov, 2008 12:00am
29.41 percent rise in SPI inflation

29.41 percent rise in SPI inflation

The SPI inflation surged by 29.41 percent on week ending November 27 over the same period of last year because of sharp increase in the prices of some vegetables, meat and other commodities. Weekly figures on SPI inflation, released by the Federal Bureau
Published 29 Nov, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (November 28, 2008).

Published 29 Nov, 2008 12:00am
29.41 percent rise in SPI inflation

29.41 percent rise in SPI inflation

The SPI inflation surged by 29.41 percent on week ending November 27 over the same period of last year because of sharp increase in the prices of some vegetables, meat and other commodities. Weekly figures on SPI inflation, released by the Federal Bureau
Published 29 Nov, 2008 12:00am
29.41 percent rise in SPI inflation

29.41 percent rise in SPI inflation

The SPI inflation surged by 29.41 percent on week ending November 27 over the same period of last year because of sharp increase in the prices of some vegetables, meat and other commodities. Weekly figures on SPI inflation, released by the Federal Bureau
Published 29 Nov, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Nov, 2008 12:00am
KFHA unable to implement EU plan

KFHA unable to implement EU plan

The Karachi Fish Harbour Authority (KFHA), despite hard efforts, has failed to fully implement the hygienic plan prescribed by the EU because the boats owners are reluctant to follow the plan, Authority officials said on Friday. The KFHA had initiated EU'
Published 29 Nov, 2008 12:00am
KFHA unable to implement EU plan

KFHA unable to implement EU plan

The Karachi Fish Harbour Authority (KFHA), despite hard efforts, has failed to fully implement the hygienic plan prescribed by the EU because the boats owners are reluctant to follow the plan, Authority officials said on Friday. The KFHA had initiated EU'
Published 29 Nov, 2008 12:00am
KFHA unable to implement EU plan

KFHA unable to implement EU plan

The Karachi Fish Harbour Authority (KFHA), despite hard efforts, has failed to fully implement the hygienic plan prescribed by the EU because the boats owners are reluctant to follow the plan, Authority officials said on Friday. The KFHA had initiated EU'
Published 29 Nov, 2008 12:00am
Hazara Fertiliser handed over to PAFL

Hazara Fertiliser handed over to PAFL

The government is considering privatisation of public sector entities through public-private partnership, instead of outright sale. Minister for Privatisation Naveed Qamer said this at the handing over ceremony of Hazara Phosphate and Fertilisers (Pvt) Li
Published 29 Nov, 2008 12:00am
Hazara Fertiliser handed over to PAFL

Hazara Fertiliser handed over to PAFL

The government is considering privatisation of public sector entities through public-private partnership, instead of outright sale. Minister for Privatisation Naveed Qamer said this at the handing over ceremony of Hazara Phosphate and Fertilisers (Pvt) Li
Published 29 Nov, 2008 12:00am
Hazara Fertiliser handed over to PAFL

Hazara Fertiliser handed over to PAFL

The government is considering privatisation of public sector entities through public-private partnership, instead of outright sale. Minister for Privatisation Naveed Qamer said this at the handing over ceremony of Hazara Phosphate and Fertilisers (Pvt) Li
Published 29 Nov, 2008 12:00am
IPI gas pipeline project likely to be put on ice

IPI gas pipeline project likely to be put on ice

The multi-billion dollars Iran-Pakistan-India (IPI) gas pipeline line project is likely to be put on ice as Iran has doubled the gas price, linking it with 80 percent of global crude oil price, sources told Business Recorder. Iran''s new asking pri
Published 29 Nov, 2008 12:00am
IPI gas pipeline project likely to be put on ice

IPI gas pipeline project likely to be put on ice

The multi-billion dollars Iran-Pakistan-India (IPI) gas pipeline line project is likely to be put on ice as Iran has doubled the gas price, linking it with 80 percent of global crude oil price, sources told Business Recorder. Iran's new asking pric
Published 29 Nov, 2008 12:00am
IPI gas pipeline project likely to be put on ice

IPI gas pipeline project likely to be put on ice

The multi-billion dollars Iran-Pakistan-India (IPI) gas pipeline line project is likely to be put on ice as Iran has doubled the gas price, linking it with 80 percent of global crude oil price, sources told Business Recorder. Iran's new asking pric
Published 29 Nov, 2008 12:00am
Special cabinet meeting today

Special cabinet meeting today

A special cabinet meeting has been called on November 29 (Saturday) here at the PM Secretariat to be chaired by Prime Minister Syed Yousuf Raza Gilani. The meeting has been called to discuss the prevailing situation due to recent incident of terrorism in
Published 29 Nov, 2008 12:00am
Special cabinet meeting today

Special cabinet meeting today

A special cabinet meeting has been called on November 29 (Saturday) here at the PM Secretariat to be chaired by Prime Minister Syed Yousuf Raza Gilani. The meeting has been called to discuss the prevailing situation due to recent incident of terrorism in
Published 29 Nov, 2008 12:00am
Salman Faruqi will be President's principal secretary

Salman Faruqi will be President's principal secretary

Deputy Chairman Planning Commission Salman Faruqui will replace Saleem Mahmood as Principal Secretary to the President Asif Ali Zardari, sources in Planning Commission told Business Recorder on Friday. The names of Sardar Asif Ahmed Ali and Mekhal
Published 29 Nov, 2008 12:00am
Fehmida terms girls' education vital for rapid progress

Fehmida terms girls' education vital for rapid progress

Speaker National Assembly Dr Fehmida Mirza has termed investment in girl child education as imperative to ensure rapid progress of the country. She was addressing the oath taking and prize distribution ceremony at a girls college of Overseas Pakistanis Fe
Published 29 Nov, 2008 12:00am
Delay in cotton procurement may reduce wheat cultivation area

Delay in cotton procurement may reduce wheat cultivation area

Chairman Pakistan Crop Protection Association, Engr Javed Saleem Qureshi said that the under cultivation area for wheat could be reduced because the purchasing of cotton has not yet been completed by the farmers. Government should immediately interrupt an
Published 29 Nov, 2008 12:00am
Seven killed in Bannu suicide attack

Seven killed in Bannu suicide attack

A suicide bomber killed at least seven people when he detonated his explosives-laden car near a police van in Bannu on Friday, police said. The blast happened in Bannu, near the lawless tribal region where troops are battling al Qaeda- and Taliban-linked
Published 29 Nov, 2008 12:00am
Seven killed in Bannu suicide attack

Seven killed in Bannu suicide attack

A suicide bomber killed at least seven people when he detonated his explosives-laden car near a police van in Bannu on Friday, police said. The blast happened in Bannu, near the lawless tribal region where troops are battling al Qaeda- and Taliban-linked
Published 29 Nov, 2008 12:00am
Steps to be taken to re-vitalise scouting movement in NWFP

Steps to be taken to re-vitalise scouting movement in NWFP

Concrete steps will be taken to vitalise scouting movements and make it a result-oriented and worthwhile organisation in the province. In this connection the apex body of the Scouts Movement in NWFP, the provincial scout council met with NWFP Governor Owa
Published 29 Nov, 2008 12:00am
KSE emergency meeting on Monday

KSE emergency meeting on Monday

An emergency meeting of the members of Karachi Stock Exchange (KSE) has been called here on next Monday. The meeting will review the prevailing situation at the share market regarding removal of ''floor''. The meeting will also discuss the issue of availa
Published 29 Nov, 2008 12:00am
KSE emergency meeting on Monday

KSE emergency meeting on Monday

An emergency meeting of the members of Karachi Stock Exchange (KSE) has been called here on next Monday. The meeting will review the prevailing situation at the share market regarding removal of 'floor'. The meeting will also discuss the issue of availabi
Published 29 Nov, 2008 12:00am
KSE emergency meeting on Monday

KSE emergency meeting on Monday

An emergency meeting of the members of Karachi Stock Exchange (KSE) has been called here on next Monday. The meeting will review the prevailing situation at the share market regarding removal of 'floor'. The meeting will also discuss the issue of availabi
Published 29 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (November 28, 2008).

Published 29 Nov, 2008 12:00am
Companies'' returns date extended

Companies'' returns date extended

The Company Registration Offices (CROs) of the Securities and Exchange Commission of Pakistan (SECP) would accept annual statutory returns and accounts by companies up to December 1, 2008. According to an SECP announcement on Friday, the Commission has ex
Published 29 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (November 28, 2008).

Published 29 Nov, 2008 12:00am
Companies' returns date extended

Companies' returns date extended

The Company Registration Offices (CROs) of the Securities and Exchange Commission of Pakistan (SECP) would accept annual statutory returns and accounts by companies up to December 1, 2008. According to an SECP announcement on Friday, the Commission has ex
Published 29 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (November 28, 2008).

Published 29 Nov, 2008 12:00am
Companies' returns date extended

Companies' returns date extended

The Company Registration Offices (CROs) of the Securities and Exchange Commission of Pakistan (SECP) would accept annual statutory returns and accounts by companies up to December 1, 2008. According to an SECP announcement on Friday, the Commission has ex
Published 29 Nov, 2008 12:00am
Grand jirga demands enforcement of Shariah

Grand jirga demands enforcement of Shariah

A grand meeting of the political parties of Malakand Division held in Peshawar Friday expressed deep concern over the prevailing lawlessness in the area and demanded initiation of immediate steps for the enforcement of Islamic Shariah, Nizam-e- Adl Regula
Published 29 Nov, 2008 12:00am
President rules out talks with militants

President rules out talks with militants

President Asif Ali Zardari on Friday ruled out the possibility of holding talks with militants, and said that the government "has no other option" but to fight out extremists till their complete elimination. Addressing a jirga of public representatives an
Published 29 Nov, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (November 28, 2008).

Published 29 Nov, 2008 12:00am
President rules out talks with militants

President rules out talks with militants

President Asif Ali Zardari on Friday ruled out the possibility of holding talks with militants, and said that the government "has no other option" but to fight out extremists till their complete elimination. Addressing a jirga of public representatives an
Published 29 Nov, 2008 12:00am
South Africa trade, credit data dent rate cut hopes

South Africa trade, credit data dent rate cut hopes

South Africa's trade deficit widened in October and credit growth slowed less rapidly than forecast, data showed on Friday, denting the case for an early interest rate cut which had been boosted by lower inflation.
Published 29 Nov, 2008 12:00am
Sentiments slightly improved on LSE

Sentiments slightly improved on LSE

The sentiments on the Lahore Stock Exchange slightly improved on Friday, while trading turnover significantly reduced due to lacking buyers support. The LSE-25 index fractionally slid down by 0.02 points and ended at 2825.36 against 2825.34 of Thursday, w
Published 29 Nov, 2008 12:00am
Sentiments slightly improved on LSE

Sentiments slightly improved on LSE

The sentiments on the Lahore Stock Exchange slightly improved on Friday, while trading turnover significantly reduced due to lacking buyers support. The LSE-25 index fractionally slid down by 0.02 points and ended at 2825.36 against 2825.34 of Thursday, w
Published 29 Nov, 2008 12:00am