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Print - 2009-01-15
APCEA rejects proposed deal for Afghan Transit Trade

APCEA rejects proposed deal for Afghan Transit Trade

All Pakistan Commercial Exporters Association (APCEA) of precious and semi-precious gemstones has rejected the new proposed agreement for Pak-Afghan Transit Trade. The decision has been taken in a meeting of the Executive Body of the APCEA, said a press r
Published 15 Jan, 2009 12:00am
Mukherjee again accuses Pakistan of evasiveness

Mukherjee again accuses Pakistan of evasiveness

Indian External Affairs Minister Pranab Mukherjee on Wednesday again accused Pakistan of "evasiveness" in response to Mumbai terror attacks. In his statement issued by Ministry of External Affairs, Mukherjee demanded Pakistan to fully implement its intern
Published 15 Jan, 2009 12:00am
ICT to launch anti-encroachment drive

ICT to launch anti-encroachment drive

Islamabad Capital Territory (ICT) Administration has decided to launch anti-encroachment drive in the city in order to clear the markets from encroachments. Deputy Commissioner ICT Amer Ali Ahmed told that anti encroachment drive was being launched in clo
Published 15 Jan, 2009 12:00am
PBM registers 400 special families

PBM registers 400 special families

Pakistan Bait-ul-Mal (PBM) has registered 400 families under its "Special Families Project" to provide them stipend of Rs 25,000 annually. Those families who have more than one person with disability, are being registered as special families of PBM, Manag
Published 15 Jan, 2009 12:00am
Dry fruits demand, sale on rise

Dry fruits demand, sale on rise

As the winter season is in full swing, the demand and sale of dry fruits has significantly increased in the twin cities of Islamabad and Rawalpindi. However, with the increasing demand, the prices have also gone up beyond the reach of common man. Apart fr
Published 15 Jan, 2009 12:00am
New barrage planned at Khanki downstream

New barrage planned at Khanki downstream

Punjab Irrigation Department plans the construction of a new barrage at Khanki at a distance of 900 feet downstream of the existing weir. PC-1 of the project has been prepared, and it will be financed by the Japan International Co-operation Agency (Jica),
Published 15 Jan, 2009 12:00am
'Shortage of fertiliser to jeopardise wheat target'

'Shortage of fertiliser to jeopardise wheat target'

Additional supply of artificial fertilisers is very important to achieve wheat target this year as the country is facing a shortage of fertiliser around five million sacks. Different farmers while talking to a private TV channel on the issue of shortage o
Published 15 Jan, 2009 12:00am
The Weather

The Weather

The weather report on Wednesday (January 14, 2009) and the forecast for Thursday (January 15, 2009).

Published 15 Jan, 2009 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 15 Jan, 2009 12:00am
IIUI to hold international conference on Sufism

IIUI to hold international conference on Sufism

The International Islamic University Islamabad (IIUI) will hold an international conference on Sufism in connection with the annual Urs of Hazrat Ghous Bahauddin Zakaria (RA) in collaboration with the Archaeological & Historical Association of Pakistan on
Published 15 Jan, 2009 12:00am
FPSC to hold tests from January 18

FPSC to hold tests from January 18

Federal Public Service Commission (FPSC) will hold professional, screening tests from January 18 to 24 for various posts simultaneously across the country.
Published 15 Jan, 2009 12:00am
Film Complex to be set up in the capital

Film Complex to be set up in the capital

Film Complex to be set up in the Capital would ensure easy access to information about film stars and celebrities besides maintaining record of old movies. This was stated by Chairman Central Board of Film Censors Barrister Malik Shahnawaz Noon while talk
Published 15 Jan, 2009 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 15 Jan, 2009 12:00am
Iranian university, PU signing MoU today

Iranian university, PU signing MoU today

A delegation of Ferdowsi University of Mashhad, Iran headed by its Vice Chancellor, Professor Dr Ali Raza Ashori visited Punjab University (PU) to finalise the draft of Memorandum of Understanding (MoU) between various PU departments and Ferdowsi Universi
Published 15 Jan, 2009 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 15 Jan, 2009 12:00am
Students' arts exhibition held

Students' arts exhibition held

Students of National College of Arts exhibited their degree work at the college gallery and Tollington market on Wednesday. Students from all the departments including fine arts, ceramics, music and architecture put their work on a show where the Governor
Published 15 Jan, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 14, 2009).

Published 15 Jan, 2009 12:00am
Vegetable conference on January 22

Vegetable conference on January 22

The Horticultural Foundation of Pakistan (HFP) will organise national conference on "Increased Vegetable Production to Alleviate Poverty in Rural Areas" here on January 22. The conference to be held at National Agricultural Research Centre, Chak Shahzad,
Published 15 Jan, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 14, 2009).

Published 15 Jan, 2009 12:00am
Trade continues despite Pakistan, India tension

Trade continues despite Pakistan, India tension

Traders from Poonch (J&K) and Hajeera (Azad Kashmir) continued to exchange trade items under barter system despite tense situation between Pakistan and India following the recent Mumbai attacks. A large quantity of potatoes, tomatoes and Pashmina shawls w
Published 15 Jan, 2009 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 Wednesday (January 14, 2009).

Published 15 Jan, 2009 12:00am
Media registration opened for ADB's annual meeting

Media registration opened for ADB's annual meeting

The Asian Development Bank (ADB) has opened media registration for its 42nd Annual Meeting to be held on May 2-5 in Bali, Indonesia. Some 3,000 participants, including government leaders, central bank governors and finance ministers, as well as representa
Published 15 Jan, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 14, 2009).

Published 15 Jan, 2009 12:00am
Agriculture scientists urged to develop input conservation technology

Agriculture scientists urged to develop input conservation technology

The Secretary Agriculture Punjab, Muhammad Javaid Iqbal Awan has asked the agricultural scientists to develop input conservation technology to reduce production costs for the benefit of farming community. He was addressing a meeting of agricultural scient
Published 15 Jan, 2009 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (January 14, 2009) and for Thursday (January 15, 2009).
Published 15 Jan, 2009 12:00am
Proposals under study to be incorporated in new Haj policy

Proposals under study to be incorporated in new Haj policy

Following the successful completion of the recent Haj operation, the Ministry of Religious Affairs is working on to ensure improved arrangements aimed at providing maximum facilities to intending pilgrims for the Haj-2009, official sources said here on We
Published 15 Jan, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 14, 2009).

Published 15 Jan, 2009 12:00am
Letter to bank

Letter to bank

Shown below is an actual letter that was sent to a manager of a bank by a senior retired lady: Muhammad Ali Chundrigar. "I am writing to thank you for bouncing my check with which I endeavoured to pay my plumber last month. By my calculations, three nanos
Published 15 Jan, 2009 12:00am
Bleak forecast for container trade/terminals

Bleak forecast for container trade/terminals

World-wide container trade grew by 14%, whereas in South Asia, China and Gulf it grew by 18% in 2008. The three Pakistani terminals KICT, QICT, PICT must be prepared to brace the lean months and may opt for redundancy, as forecast for 2009 is more bleak.
Published 15 Jan, 2009 12:00am
Obama to seek Europe's help to boost efforts in Afghanistan

Obama to seek Europe's help to boost efforts in Afghanistan

US president-elect Barack Obama believes the invasion of Iraq undermined the effort to defeat the Taliban and al- Qaeda in Afghanistan and has vowed to reinvigorate the effort there after taking office on Tuesday. Obama campaigned on withdrawing US troops
Published 15 Jan, 2009 12:00am
Corporate social responsibility: An economic perspective

Corporate social responsibility: An economic perspective

In today's integrated global economy and the ensuing recession, it is evident that the social and economic challenges do not and will not respect national borders. This reality strongly supports the expanded view of risk management to include extra financ
Published 15 Jan, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 14, 2009).

Published 15 Jan, 2009 12:00am
PSM move to buy iron ore from Saindak

PSM move to buy iron ore from Saindak

According to an exclusive Business Recorder report, the federal government is inclined to help Metal Resource Development Limited (MRDL) sell its entire magnetite iron concentrate output to Pakistan Steel Mills (PSM) by amending a five-year old dec
Published 15 Jan, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 14, 2009).

Published 15 Jan, 2009 12:00am
Benazir Income Support Programme

Benazir Income Support Programme

The International Monetary Fund (IMF) has, reportedly, requested the government to select deserving families for the Benazir Income Support Programme (BISP). There is no doubt that the current procedure in place has been declared non-partisan by not only
Published 15 Jan, 2009 12:00am
Inflationary pressures ease slightly

Inflationary pressures ease slightly

Data released by the Statistics Division reveals a deceleration of inflationary pressures - from November's Consumer Price Index of 24.68 percent to December's 23.34 percent. This decline is attributed to a rise in benchmark interest rates by the State Ba
Published 15 Jan, 2009 12:00am
Magnus assigned AM3 management quality rating

Magnus assigned AM3 management quality rating

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assigned an initial Management Quality rating of 'AM3' (AM-Three) to Magnus Investment Advisors Limited (Magnus). The key sponsor is the Chief Executive Officer of Magnus who has put together a small but com
Published 15 Jan, 2009 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

Divergent trend was seen on the currency market on Wednesday as the rupee moved both ways in process of trading, market men said. On the interbank market, the rupee shed two paisa against dollar for buying and selling at 79.12 and 79.15, they said. During
Published 15 Jan, 2009 12:00am
Magnus assigned AM3 management quality rating

Magnus assigned AM3 management quality rating

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assigned an initial Management Quality rating of 'AM3' (AM-Three) to Magnus Investment Advisors Limited (Magnus). The key sponsor is the Chief Executive Officer of Magnus who has put together a small but com
Published 15 Jan, 2009 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

Divergent trend was seen on the currency market on Wednesday as the rupee moved both ways in process of trading, market men said. On the interbank market, the rupee shed two paisa against dollar for buying and selling at 79.12 and 79.15, they said. During
Published 15 Jan, 2009 12:00am
TFC ratings of Trakker Limited reaffirmed

TFC ratings of Trakker Limited reaffirmed

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term entity rating of Trakker (Pvt) Limited (TPL) at 'A-' (Single A Minus), and the short-term rating at 'A2' (A Two). The rating of privately placed secured TFC of 200 million rupees by TP
Published 15 Jan, 2009 12:00am
TFC ratings of Trakker Limited reaffirmed

TFC ratings of Trakker Limited reaffirmed

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term entity rating of Trakker (Pvt) Limited (TPL) at 'A-' (Single A Minus), and the short-term rating at 'A2' (A Two). The rating of privately placed secured TFC of 200 million rupees by TP
Published 15 Jan, 2009 12:00am
OCAC clarification

OCAC clarification

Apropos a news item "OMCs responsible for artificial shortage of petrol", carried by Business Recorder on January 4, the Oil Companies Advisory Committee (OCAC) has clarified that it has been attributed that despite sufficient stocks, "OMCs have cr
Published 15 Jan, 2009 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (January 14, 2009).

Published 15 Jan, 2009 12:00am
Misuse of funds detected in Irrigation Department

Misuse of funds detected in Irrigation Department

The Auditor General Sindh has detected misuse of funds of Rs 402.733 million in the Irrigation and Power Department, according to an audit report on fiscal year 2004-05 which was available here on Wednesday. The audit team, headed by Assistant Director Ja
Published 15 Jan, 2009 12:00am
Bilwani acting president of KCCI

Bilwani acting president of KCCI

During the absence of President of the Karachi Chamber of Commerce and Industry (KCCI) Anjum Nisar, who is on official visit abroad, Senior Vice President of the chamber Muhammad Jawed Bilwani will act as President.
Published 15 Jan, 2009 12:00am
Soomro urges all rice trade stakeholders to work together

Soomro urges all rice trade stakeholders to work together

All stakeholders of rice trade, including growers, millers, and exporters, should work together to achieve $2.3 billion rice export target this year. This was stated by Senate Chairman Mohammadmian Soomro at a reception organised by Rice Exporters Associa
Published 15 Jan, 2009 12:00am
Three trade bodies give legal notice to Teli

Three trade bodies give legal notice to Teli

Three trade bodies namely Larkana Chamber of Commerce and Industry (LCCI), Pakistan Iron and Steel Merchants Association (PISMA) and Pakistan Cutlery Stainless Steel Utensil Manufacturers and Exporters Association (PCSSUMAEA) have given legal notices to t
Published 15 Jan, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jan, 2009 12:00am
China, World Bank keen to invest in Thar coal project: Qaim

China, World Bank keen to invest in Thar coal project: Qaim

Sindh Chief Minister Syed Qaim Ali Shah on Wednesday said that China and the World Bank are keen to invest in Thar coal project for energy generation and the business community be assured that the electricity crisis will end in a year.
Published 15 Jan, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jan, 2009 12:00am
SSUET 2009 academic session starts

SSUET 2009 academic session starts

Chancellor Sir Syed University of Engineering and Technology (SSUET), Z A Nizami, has said that the institution has been established after the name of great educationist and reformer Sir Syed Ahmed Khan and therefore politics is completely disallowed in i
Published 15 Jan, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 15 Jan, 2009 12:00am
Reap strongly opposes TCP role

Reap strongly opposes TCP role

The Rice Exporters Association of Pakistan (Reap) has once again strongly opposed government buying of rice through Passco and TCP as owing to these tenders Pakistan's rice can no more compete with rice of other origins in the international market.
Published 15 Jan, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (January 14, 2009).

Published 15 Jan, 2009 12:00am
Rs 1.42 billion Marghazar Zoo to be completed by 2011

Rs 1.42 billion Marghazar Zoo to be completed by 2011

Capital Development Authority (CDA) Chairman Tariq Mehmood Khan has said expansion of Marghazar Zoo will be completed by 2011 with an estimated cost of Rs 1.42 billion. Talking to media during his visit to the zoo on Wednesday, Tariq Mehmmod said that the
Published 15 Jan, 2009 12:00am
Malik Nadeem gets additional portfolio

Malik Nadeem gets additional portfolio

Punjab Chief Minister, Muhammad Shahbaz Sharif has assigned additional portfolio of the Tourism and Resort Development Department to Punjab Food Minister, Malik Nadeem Kamran. According to an official on Wednesday, a notification in this regard has been i
Published 15 Jan, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Jan, 2009 12:00am
Release of chained elephant ordered

Release of chained elephant ordered

Capital Development Authority (CDA) Chairman Tariq Mehmood has ordered release of ill-fated elephant, which was chained and caged at Marghzar Zoo for the last one year. The elephant was gifted to the daughter of the then president General Zia-ul-Haq in 19
Published 15 Jan, 2009 12:00am
Prince Muqran assures all-out help in rooting out terrorism

Prince Muqran assures all-out help in rooting out terrorism

Saudi intelligence chief Prince Muqran bin Abdul Aziz has assured his country's full co-operation to Pakistan in elimination of terrorism and extremism. He stated this during a meeting with advisor to Prime Minister on Interior, Rehman Malik here on Wedne
Published 15 Jan, 2009 12:00am
Government urged to initiate alternate energy projects

Government urged to initiate alternate energy projects

The Chairman, Lahore Township Industrial Association (LTIA), Babar Mehmood Chaudhry has urged the government to initiate alternate energy projects on war footing, as this is the only solution to ensure sustainable growth.
Published 15 Jan, 2009 12:00am
NWFP ministers, MPAs to get pay raise: bills moved in Assembly

NWFP ministers, MPAs to get pay raise: bills moved in Assembly

The NWFP government on Wednesday introduced the much-awaited NWFP Ministers (Salaries, Allowances and Privileges (Second Amendment) Ordinance, 2008 and The North-West Frontier Province Salaries, Allowances and Privileges Laws (Amendment) Bill, 2009 for in
Published 15 Jan, 2009 12:00am
NWFP Assembly condemns Israeli attack on Gaza

NWFP Assembly condemns Israeli attack on Gaza

The NWFP Assembly on Wednesday passed a unanimous resolution condemning Israel's attacks, killing of innocent Palestinian Muslims and urged the government of Pakistan and United Nations to play their role in stopping the on going injustices with the empty
Published 15 Jan, 2009 12:00am
Farmers protest non-availability of urea fertiliser

Farmers protest non-availability of urea fertiliser

Hundreds of farmers held protest over non-availability of urea fertiliser at Kamalia. They arrived in Thana Chowk and staged a sit-in demo that resulted in traffic blocked for more than one hour on Kamalia-Chichawatni road and Kamalia-Toba road.
Published 15 Jan, 2009 12:00am
Hydroponic technology may help boost crops yield

Hydroponic technology may help boost crops yield

Pakistan may enhance vegetable and fruit crops yield with hydroponic farming technology to overcome the food shortages and price hike tendency. According to the Ministry of Agriculture sources, this technology would not only raise yield, but would also en
Published 15 Jan, 2009 12:00am
PML-N draft bill finalised to repeal 17th Amendment

PML-N draft bill finalised to repeal 17th Amendment

Javed Hashmi, senior vice president of PML-N, said on Wednesday that the party had finalised a draft bill to repeal the 17th Amendment, which would be handed over to Raza Rabani on Thursday, asking him to co-sponsor it. Talking to newsmen, he said that th
Published 15 Jan, 2009 12:00am
Khar arranges Nawaz-Elahi meeting

Khar arranges Nawaz-Elahi meeting

Pakistan Muslim League (N) chief Mian Nawaz Sharif met Punjab PML-Quaid President Pervaiz Elahi in Lodhran late Monday night. Former Punjab governor Malik Ghulam Mustafa Khar reportedly arranged the meeting at the former federal minister Jahangir Tareen's
Published 15 Jan, 2009 12:00am
PML-N leader for restoration of 1973 Constitution

PML-N leader for restoration of 1973 Constitution

'The Pakistan Muslim League-Nawaz (PML-N) believes that challenges confronted to the country can be addressed through restoration of 1973 Constitution in its original shape as per provisions of the Charter of Democracy (CoD) and with making the judiciary
Published 15 Jan, 2009 12:00am
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