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Print - 2009-02-27
'Past practices to be tolerated no more'

'Past practices to be tolerated no more'

New Punjab Chief Secretary, Najeibullah Malik, has ensured the provincial secretaries that past practices, which hurt the sentiments of staff, particularly, lower cadre would not be repeated any further. He expressed his views, while addressing provincial
Published 27 Feb, 2009 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (February 26, 2009).

Published 27 Feb, 2009 12:00am
PML-Q watching PML-N strategy on motivating workers

PML-Q watching PML-N strategy on motivating workers

Pakistan Muslim League-Q is watching carefully the Pakistan Muslim League Nawaz's strategy on motivating and organising its workers before sharing its political cards with the Nawaz Sharif, if ever. Sources in the PML-Q told Business Recorder that
Published 27 Feb, 2009 12:00am
Lawyers condemn toppling of democratic government in Punjab

Lawyers condemn toppling of democratic government in Punjab

The legal fraternity held its weekly protest rallies on Thursday with great anger against the PPP leadership for toppling democratic government in Punjab. Lawyers' during their daylong protest condemned the decision of Supreme Court against Sharif brother
Published 27 Feb, 2009 12:00am
Government does not believe in vindictive action: Taseer

Government does not believe in vindictive action: Taseer

Punjab Governor Salman Taseer has said that the provincial government would reinstate all government servants who were subjected to political victimisation by the former rulers or bogus cases were registered against them or they were made officer on speci
Published 27 Feb, 2009 12:00am
PML-N parliamentary party meeting today

PML-N parliamentary party meeting today

An important meeting of the parliamentary party of Pakistan Muslim League-Nawaz (PML-N) in the Punjab assembly is being held at Raiwind residence of PML-N leader Nawaz Sharif on Friday. Sources in the PML-N told Business Recorder that the meeting w
Published 27 Feb, 2009 12:00am
Sharifs disqualification: PML-N all set to launch protest movement

Sharifs disqualification: PML-N all set to launch protest movement

Pakistan Muslim League-Nawaz (PML-N) in a meeting held with its leader Mian Muhammad Nawaz Sharif in the chair at his Raiwind residence on Thursday decided to launch a protest movement in an organised and effective manner against the government and to pro
Published 27 Feb, 2009 12:00am
JUI-F, ANP annoyed over Governor's Rule in Punjab

JUI-F, ANP annoyed over Governor's Rule in Punjab

Awami National Party (ANP) and Jamiat Ulema-e-Islam-Fazal (JUI-F), the coalition partners of the PPP, have expressed their serious reservations over the imposition Governor's Rule that would become a serious blow to possible reconciliation efforts of the
Published 27 Feb, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Feb, 2009 12:00am
Fazl offers Nawaz help

Fazl offers Nawaz help

Chief of his own faction of Jamiat Ulma-e-Islam Maulana Fazl ur Rehman MNA on Thursday telephoned Pakistan Muslim League-Nawaz Chief Nawaz Sharif and discussed situation arising out after disqualification of Sharif brothers. Sources in the JUI told Bus
Published 27 Feb, 2009 12:00am
Board meetings in progress

Board meetings in progress

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

Published 27 Feb, 2009 12:00am
Sharifs' disqualification: Fahim denies government involvement

Sharifs' disqualification: Fahim denies government involvement

Federal Commerce Minister Makhdoom Amin Fahim on Thursday brushed aside the notion of any involvement of the government in the disqualification of Sharif brothers. He said that the federal government did not launch any offensive against the Punjab governm
Published 27 Feb, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Feb, 2009 12:00am
Magsi, Gilani discuss Balochistan situation

Magsi, Gilani discuss Balochistan situation

Governor Balochistan, Nawab Zulfiqar Ali Magsi, called on Prime Minister, Syed Yousaf Raza Gilani at the Prime Minister House here on Thursday. During the meeting overall political situation in the country and on-going development projects undertaken by t
Published 27 Feb, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 Feb, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (February 26, 2009).

Published 27 Feb, 2009 12:00am
FBR transfers Farooq Azam Memon

FBR transfers Farooq Azam Memon

The Federal Board of Revenue (FBR) has transferred Mohammad Farooq Azam Memon BS-19 officer of Income Tax Group currently posted as Additional Commissioner, Regional Tax Office, Hyderabad, as Additional Commissioner, Regional Tax Office, Sukkur with immed
Published 27 Feb, 2009 12:00am
Elahi regrets Supreme Court verdict

Elahi regrets Supreme Court verdict

PML-Q Punjab president and former chief minister Chaudhry Pervaiz Elahi on Thursday said the disqualification of both the Sharif brothers was not a welcome mover and it would result in creating a political vacuum. Talking to the journalists here he was "d
Published 27 Feb, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Feb, 2009 12:00am
EC de-notifies Shahbaz, stays by-election in NA-123

EC de-notifies Shahbaz, stays by-election in NA-123

The Election Commission of Pakistan (ECP) has de-notified Mian Muhammad Shahbaz Sharif and declared his seat vacant. Chief Election Commissioner, justice Qazi Muhammad Farooq (Retd) on Thursday de-notified Mian Muhammad Shahbaz Sharif, who was declared as
Published 27 Feb, 2009 12:00am
Transfers and posting in LHC

Transfers and posting in LHC

Chief Justice Lahore High Court Sayed Zahid Hussain has transferred four district and session judges and also dropped disciplinary proceedings against one judge. Sagheer Ahmad Qadri was transferred from Multan to Jhelum, Syed Ijaz Hussain from Jhang to Mu
Published 27 Feb, 2009 12:00am
Bilal Mulla deplores alleged misuse of EDF

Bilal Mulla deplores alleged misuse of EDF

Former Central Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Bilal Mulla has deplored the misuse of Export Development Fund (EDF) as reported in a section of press.
Published 27 Feb, 2009 12:00am
Bosicor posts Rs 7918.195 million net loss

Bosicor posts Rs 7918.195 million net loss

Bosicor Pakistan Limited has posted a net loss after tax at Rs 7,918.195 million in the half year period ended December 31, 2008 as compared to a net profit of Rs 143.105 million earned in the corresponding period in 2007.
Published 27 Feb, 2009 12:00am
Bosicor posts Rs 7918.195 million net loss

Bosicor posts Rs 7918.195 million net loss

Bosicor Pakistan Limited has posted a net loss after tax at Rs 7,918.195 million in the half year period ended December 31, 2008 as compared to a net profit of Rs 143.105 million earned in the corresponding period in 2007.
Published 27 Feb, 2009 12:00am
SNGPL profit declined

SNGPL profit declined

The profit after tax of Sui Northern Gas Pipelines Limited (SNGPL) has declined to Rs 649.784 million in the half year period ended December 31, 2008 as compared to Rs 1,427.166 million earned in the corresponding period in 2007.
Published 27 Feb, 2009 12:00am
SNGPL profit declined

SNGPL profit declined

The profit after tax of Sui Northern Gas Pipelines Limited (SNGPL) has declined to Rs 649.784 million in the half year period ended December 31, 2008 as compared to Rs 1,427.166 million earned in the corresponding period in 2007.
Published 27 Feb, 2009 12:00am
Experts review consequences of financial restructuring plan

Experts review consequences of financial restructuring plan

The financial restructuring and rehabilitation plan of companies under the proposed Corporate Rehabilitation Act (CRA), 2009 might have consequences on the involved business entities going through restructuring. Giving a thorough review of the CRA, 2009,
Published 27 Feb, 2009 12:00am
Sales tax collectors' powers enhanced

Sales tax collectors' powers enhanced

The Federal Board of Revenue has empowered the collectors of sales tax to allow condonation of time period upto one year or extensions under Section 74 of the Sales Tax Act, reflecting a major facilitative measure for the business community. The FBR on Th
Published 27 Feb, 2009 12:00am
Pakistan and India agree to keep official channel open

Pakistan and India agree to keep official channel open

The Foreign Secretary of Pakistan Salman Bashir and his Indian counterpart Shivshankar Menon on Thursday met in Colombo on the sidelines of the Saarc Standing Committee. According to a statement issued by foreign office here, the meeting was first of its
Published 27 Feb, 2009 12:00am
Karachi Lawyers hold protest rally against Supreme Court verdict

Karachi Lawyers hold protest rally against Supreme Court verdict

Lawyers in Karachi staged a protest demonstration against Supreme Court verdict to declare Nawaz and Shahbaz Sharif ineligible to contest elections and holding public offices. The lawyers hold a protest rally, which was started from City Court Karachi (CC
Published 27 Feb, 2009 12:00am
Farah Dogar case: IHC adjourns hearing of review plea

Farah Dogar case: IHC adjourns hearing of review plea

The Islamabad High Court (IHC) on Thursday postponed the hearing of review appeal against its earlier order which legitimised award of extra marks in an intermediate examination to Farah Hameed Dogar, daughter of Chief Justice Abdul Hameed Dogar, on petit
Published 27 Feb, 2009 12:00am
Reshuffling of Punjab bureaucracy continues

Reshuffling of Punjab bureaucracy continues

The Punjab Governor has on Thursday continued with the reshuffling of the Punjab bureaucracy, in which it has appointed new Planning and Development Board Punjab Chairman, Punjab Additional Secretary, and also made 10 senior bureaucrats OSD (On Special Du
Published 27 Feb, 2009 12:00am
'Use of oral vaccine can eradicate polio': seminar held at LUMHS

'Use of oral vaccine can eradicate polio': seminar held at LUMHS

More than five million people are walking due to polio eradication campaigns since 1988 and 20 million volunteers participated in Polio National Immunisation Campaigns. If funds are not provided and polio is not eradicated in next four decades, then four
Published 27 Feb, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (February 26, 2009).

Published 27 Feb, 2009 12:00am
Kayani honoured

Kayani honoured

The Chief of army staff, General Ashfaq Parvez Kayani, has been honoured by the US Army Command and General Staff College for his military achievements by being inducted into the International Hall of Fame. Kayani, a 1988 graduate of the college, became t
Published 27 Feb, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (February 26, 2009).

Published 27 Feb, 2009 12:00am
Kayani honoured

Kayani honoured

The Chief of army staff, General Ashfaq Parvez Kayani, has been honoured by the US Army Command and General Staff College for his military achievements by being inducted into the International Hall of Fame. Kayani, a 1988 graduate of the college, became t
Published 27 Feb, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (February 26, 2009).

Published 27 Feb, 2009 12:00am
D-8 meeting: 'Pakistan's agriculture policies to benefit farmers'

D-8 meeting: 'Pakistan's agriculture policies to benefit farmers'

The agriculture policies of Pakistan are being directed for creating environment for small farmers by provision of agriculture input at the rationale prices to increase their productivity and profitability. This was stated by Pakistan's High Commissioner
Published 27 Feb, 2009 12:00am
India terms Supreme Court verdict Pakistan's internal matter

India terms Supreme Court verdict Pakistan's internal matter

India on Thursday described Supreme Court verdict against Sharif brothers as an internal matter of Pakistan. Indian official spokesman while responding to a question on the matter said it was entirely an internal matter of that country and India had no co
Published 27 Feb, 2009 12:00am
Mumbai attacks: FBI team due on March 4

Mumbai attacks: FBI team due on March 4

Foreign office spokesman, Abdul Basit, on Thursday said that a seven to ten-member team of Federal Bureau of Investigation (FBI) is arriving in Islamabad on March 4 to further probe into the finding of Mumbai attack investigations. In his weekly media bri
Published 27 Feb, 2009 12:00am
Pakistan committed to bring Mumbai culprits to justice

Pakistan committed to bring Mumbai culprits to justice

Pakistan was committed to playing its role in bringing the culprits of Mumbai attacks to justice and was making every effort to address the issues of extremism and militancy, Pakistan's Acting High Commissioner in Canada, Naela Chohan told a news channel.
Published 27 Feb, 2009 12:00am
'Out of Box' thinking sought for softening Pak-India ties

'Out of Box' thinking sought for softening Pak-India ties

Peace activists from Pakistan and India have called for burying the proverbial hatchet permanently between the two countries for promoting peace, alleviating poverty and addressing the pressing problems being faced by one fifth of humanity living in South
Published 27 Feb, 2009 12:00am
UK assures Pakistan of full support in war on terror

UK assures Pakistan of full support in war on terror

Britain has assured Pakistan its full support in war against terrorism and to provide help to enhance the counter-terrorism capacity and enable it to eliminate terrorism. "Pakistan is effectively fighting against terrorism and it is imperative to strength
Published 27 Feb, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (February 26, 2009).

Published 27 Feb, 2009 12:00am
McCain for empowering new civilian government in Islamabad

McCain for empowering new civilian government in Islamabad

Joining calls for enhanced economic and security support for Pakistan in order to defeat forces of radicalism along the Pak-Afghan border, Senator John McCain has said the United States must devise its policy towards Pakistan by recognising the South Asia
Published 27 Feb, 2009 12:00am
Prime Minister summons Federal Cabinet meeting today

Prime Minister summons Federal Cabinet meeting today

Prime Minister Syed Yusuf Raza Gilani has summoned a special meeting of the Federal Cabinet on Friday to discuss the political situation in the country emerged after the disqualification of Sharif brothers. The cabinet meeting headed by the Prime Minister
Published 27 Feb, 2009 12:00am
Criminal cases: Zardari promulgates Ordinance to provide free legal aid

Criminal cases: Zardari promulgates Ordinance to provide free legal aid

President Asif Ali Zardari on Thursday promulgated an Ordinance to provide free legal aid in criminal cases to persons in need through a network of Public Defender Offices to be set up in each district and tehsil of the country. The Ordinance called the P
Published 27 Feb, 2009 12:00am
Criminal cases: Zardari promulgates Ordinance to provide free legal aid

Criminal cases: Zardari promulgates Ordinance to provide free legal aid

President Asif Ali Zardari on Thursday promulgated an Ordinance to provide free legal aid in criminal cases to persons in need through a network of Public Defender Offices to be set up in each district and tehsil of the country. The Ordinance called the P
Published 27 Feb, 2009 12:00am
Some forces do not want reinstatement of judges, says Zardari

Some forces do not want reinstatement of judges, says Zardari

President Asif Ali Zardari on Thursday tasked People's Lawyers Forum (PLF) to convince legal fraternity that some forces did not want reinstatement of sacked judges and the PPP had nothing to do with that. The President assigned this task to the office be
Published 27 Feb, 2009 12:00am
Sharif brothers: protests against disqualification continue

Sharif brothers: protests against disqualification continue

The leaders and workers of the Pakistan Muslim League-Nawaz (PML-N) continued with the protest all around Lahore on the second day against the decision of the disqualification of Sharif brothers. The PML-N workers burnt tyres on the main roads of the city
Published 27 Feb, 2009 12:00am
Pakistan''s foreign exchange reserves fall to $10.16 billion

Pakistan''s foreign exchange reserves fall to $10.16 billion

Foreign exchange reserves fell by $210 million to $10.16 billion in the week that ended on February 21, SBP said on Thursday. The State Bank of Pakistan''s reserves were $6.73 billion from $6.91 billion a week earlier, while reserves held by commercial ba
Published 27 Feb, 2009 12:00am
Pakistan's foreign exchange reserves fall to $10.16 billion

Pakistan's foreign exchange reserves fall to $10.16 billion

Foreign exchange reserves fell by $210 million to $10.16 billion in the week that ended on February 21, SBP said on Thursday. The State Bank of Pakistan's reserves were $6.73 billion from $6.91 billion a week earlier, while reserves held by commercial ban
Published 27 Feb, 2009 12:00am
Pakistan's foreign exchange reserves fall to $10.16 billion

Pakistan's foreign exchange reserves fall to $10.16 billion

Foreign exchange reserves fell by $210 million to $10.16 billion in the week that ended on February 21, SBP said on Thursday. The State Bank of Pakistan's reserves were $6.73 billion from $6.91 billion a week earlier, while reserves held by commercial ban
Published 27 Feb, 2009 12:00am
FPCCI clarification

FPCCI clarification

Apropos a news item carried by Daily Business Recorder on February 24, FPCCI has clarified that EDF Fund was sanctioned first time to FPCCI in November-December 2006 and funds was released in March-April 2007. As such, the question of misuse of thi
Published 27 Feb, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 26, 2009).

Published 27 Feb, 2009 12:00am
FPCCI clarification

FPCCI clarification

Apropos a news item carried by Daily Business Recorder on February 24, FPCCI has clarified that EDF Fund was sanctioned first time to FPCCI in November-December 2006 and funds was released in March-April 2007. As such, the question of misuse of thi
Published 27 Feb, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 26, 2009).
Published 27 Feb, 2009 12:00am
FPCCI clarification

FPCCI clarification

Apropos a news item carried by Daily Business Recorder on February 24, FPCCI has clarified that EDF Fund was sanctioned first time to FPCCI in November-December 2006 and funds was released in March-April 2007. As such, the question of misuse of thi
Published 27 Feb, 2009 12:00am
Qureshi raises drones issue with US leaders

Qureshi raises drones issue with US leaders

Pakistan has drawn the Obama administration's attention to the issue of US drone attacks, as its foreign minister on Wednesday urged a review of the strategy that is "alienating the people" in counteraction to Islamabad's efforts to rally the people behin
Published 27 Feb, 2009 12:00am