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Print - 2009-04-03
Security tightened for candidates in Indian elections

Security tightened for candidates in Indian elections

Special security measures are being put in place for more than 35 high-profile candidates contesting Indias elections amid intelligence reports of possible terrorist attacks. Indias federal Home Minister P Chidambaram has written letters to 40 candidates
Published 03 Apr, 2009 12:00am
Security tightened for candidates in Indian elections

Security tightened for candidates in Indian elections

Special security measures are being put in place for more than 35 high-profile candidates contesting Indias elections amid intelligence reports of possible terrorist attacks. Indias federal Home Minister P Chidambaram has written letters to 40 candidates
Published 03 Apr, 2009 12:00am
Bleached, unbleached cloth: SBP announces export refinance facility

Bleached, unbleached cloth: SBP announces export refinance facility

The State Bank of Pakistan on Thursday announced to provide the export refinance facility for export of bleached and unbleached cloth with export value of $2.50 per square meter. SBP referring to the negative list attached to BPD Circular No 5 dated 24th
Published 03 Apr, 2009 12:00am
Bleached, unbleached cloth: SBP announces export refinance facility

Bleached, unbleached cloth: SBP announces export refinance facility

The State Bank of Pakistan on Thursday announced to provide the export refinance facility for export of bleached and unbleached cloth with export value of $2.50 per square meter. SBP referring to the negative list attached to BPD Circular No 5 dated 24th
Published 03 Apr, 2009 12:00am
Taj Muhammad Jamali passes away

Taj Muhammad Jamali passes away

Veteran politician, former Balochistan chief minister and MNA Taj Muhammad Khan Jamali, died at a hospital in Karachi on Thursday evening. He was 70, family sources confirmed. Taj Muhammad Jamali was maternal uncle of deputy chairman senate Jan Muhammad J
Published 03 Apr, 2009 12:00am
Zardari to preside over PPP meeting today

Zardari to preside over PPP meeting today

President Asif Ali Zardari, co-chairman of Pakistan Peoples Party (PPP), will preside over the party meeting in Naudero on 03rd April at 06 pm. All Central Executive Committee members, Federal Council members, Members National Assembly and Senators have b
Published 03 Apr, 2009 12:00am
One in 10 Americans still think Obama is Muslim: poll

One in 10 Americans still think Obama is Muslim: poll

More than two months after Barack Obama placed his hand on the Bible and was sworn in as president of the United States, 11 percent of Americans still think he is a Muslim, a poll suggested on Thursday. White evangelical Protestants and Republicans were t
Published 03 Apr, 2009 12:00am
One in 10 Americans still think Obama is Muslim: poll

One in 10 Americans still think Obama is Muslim: poll

More than two months after Barack Obama placed his hand on the Bible and was sworn in as president of the United States, 11 percent of Americans still think he is a Muslim, a poll suggested on Thursday. White evangelical Protestants and Republicans were t
Published 03 Apr, 2009 12:00am
KSE to seek relief in taxation on share trading

KSE to seek relief in taxation on share trading

Karachi Stock Exchange (KSE) will seek relief in taxation on share trading in the proposals for the federal budget 2009-10, sources said. The budget proposals have been completed and will be approved by the KSE board of directors in its meeting scheduled
Published 03 Apr, 2009 12:00am
Drone attacks tantamount to violations of Pakistans sovereignty

Drone attacks tantamount to violations of Pakistans sovereignty

Pakistan said it will raise the issue of drone attacks on tribal areas with the United States next week during the scheduled visit of US special envoy for Pakistan and Afghanistan Richard Holbrooke to Islamabad. This was stated by Foreign Office spokesman
Published 03 Apr, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (April 02, 2009).

Published 03 Apr, 2009 12:00am
LPG price being reduced by 12 percent

LPG price being reduced by 12 percent

Private sector LPG producer Jamshoro Joint Venture Limited (JJVL) is reducing its price by about 12 percent for the month of April with effect from today (Friday) Business Recorder has learnt. Price reduction is being made in accordance with the of
Published 03 Apr, 2009 12:00am
Political worker gunned down

Political worker gunned down

Civic life in the city came to a halt, when violence broke out in eastern part of the city after killing of a political worker on Thursday. According to details, Syed Kamal son of Sardar Hussain, who was said to be the resident of Pehalwan Goth, was shot
Published 03 Apr, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Apr, 2009 12:00am
Last batch of troops returns after UN duty in Sudan

Last batch of troops returns after UN duty in Sudan

The last batch of 200 Pakistani troops has arrived after successful completion of the task performed to restore peace, order and rehabilitation of infrastructure in their area of responsibility, under the aegis of the United Nations in Sudan.
Published 03 Apr, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Apr, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Apr, 2009 12:00am
Police academy attack: Kati offers assistance to grieved families

Police academy attack: Kati offers assistance to grieved families

Chairman, Korangi Association of Trade and Industry (Kati), Mian Zahid Husain has announced Rs 50,000 each to the families of the deceased trainees at the Manawan Police Training Center, Lahore. In a statement released on Wednesday the Kati Chief expresse
Published 03 Apr, 2009 12:00am
Directors compensation in Pakistan considerably low

Directors compensation in Pakistan considerably low

Pakistan Institute of Corporate Governance (PICG) recently conducted a survey on the compensation policies of Directors of Boards in Pakistan in relation to Corporate Governance practices. According to a press release issued here on Thursday, the study is
Published 03 Apr, 2009 12:00am
Foreman killed as crane collapses at KPT: angry workers detain ship

Foreman killed as crane collapses at KPT: angry workers detain ship

The stevedoring staffs at Karachi Port have demanded the Karachi Port Trust (KPT) not to allow sailing to an old jute ship, on which one of their colleagues died early in the morning on Thursday due to crane collapse. According to reliable sources M/v Ben
Published 03 Apr, 2009 12:00am
Contraction of bank spreads anticipated

Contraction of bank spreads anticipated

The average spread of banks for the first 2 months (Jan-Feb) of 2009 has increased by 63bps to 7.7 percent from 7.07 percent recorded in the corresponding period in 2008. In the first two months of 2009, average lending rates of banks operating in Pakista
Published 03 Apr, 2009 12:00am
City wardens assigned to close illegal Bachat Bazaars

City wardens assigned to close illegal Bachat Bazaars

As a last resort, the City District Government Karachi (CDGK) has decided to mobilise the City Wardens to close all illegal Bachat Bazaars across the city and recover the outstanding dues from the defaulters.
Published 03 Apr, 2009 12:00am
KCCI stresses study on marine life protection

KCCI stresses study on marine life protection

The Karachi Chamber of Commerce and Industry (KCCI) has suggested that a study should be conducted to determine the minimum Indus flow downstream Kotri Barrage considering all aspects of current degradation of Indus delta and its impact on fish.
Published 03 Apr, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (April 02, 2009).

Published 03 Apr, 2009 12:00am
Etihad Airways appoints Amer Khan as manager

Etihad Airways appoints Amer Khan as manager

Etihad Airways, the national airline of the United Arab Emirates, has appointed Amer Khan as the airlines country manager for Pakistan. Based in Karachi, Khan will be responsible for managing the Abu Dhabi-based airlines commercial operations throughout t
Published 03 Apr, 2009 12:00am
Kalim appointed BPM President

Kalim appointed BPM President

Bosicor Pakistan Limited (BPL), a crude oil refinery in private sector with a capacity of 30,000 barrel per day (bpd), on Thursday announced its future plans for their Petroleum Marketing with the appointment of Kalim A Siddiqui as President, Bosicor Petr
Published 03 Apr, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Thursday (April 02, 2009).

Published 03 Apr, 2009 12:00am
Seven percent growth in furnace oil demand likely

Seven percent growth in furnace oil demand likely

The demand for furnace oil (FO) is likely to grow at an average rate of 7 percent annually during the next five years from FY09 to FY13. The Oil Companies Advisory Committee (Ocac) in its 2008 annual report has recently given out demand projections for fu
Published 03 Apr, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Thursday (April 02, 2009).

Published 03 Apr, 2009 12:00am
Fruit, vegetable traders demonstration on April 5

Fruit, vegetable traders demonstration on April 5

Fruit and vegetable traders on Sunday, April 5 will hold a protest demonstration in front of the market committee office at New Sabzi Mandi against the eight years of frustrating administrative rule by the Sindh Agriculture Department.
Published 03 Apr, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Thursday (April 02, 2009).

Published 03 Apr, 2009 12:00am
RTO Karachi collects Rs 28.95 million from 12 delis in 10 days

RTO Karachi collects Rs 28.95 million from 12 delis in 10 days

Regional Tax Office (RTO), Karachi has collected Rs 28.95 million additional sales tax from 12 prominent delis in ten days. According to the official statistic made exclusively available to Business Recorder revealed that the department has recover
Published 03 Apr, 2009 12:00am
Sindh government procures 250,000 metric tons of wheat

Sindh government procures 250,000 metric tons of wheat

The Sindh government has procured 250,000 metric tons of wheat in the first month of the procurement season, officials in Food Department told Business Recorder on Thursday. They said that procurement was in full swing and the target of 1.2 million
Published 03 Apr, 2009 12:00am
World Health Day: KPC and ICS chalk out three-day programme

World Health Day: KPC and ICS chalk out three-day programme

Health Committee of Karachi Press Club (KPC) in collaboration with Infection Control Society of Pakistan has chalked out a three day programme to commemorate the World Health Day here from 4 to 7 April. The programme will mainly focus on assessment, preve
Published 03 Apr, 2009 12:00am
UBL, PSO launch first auto credit card

UBL, PSO launch first auto credit card

United Bank limited (UBL) and Pakistan State Oil (PSO) launched Pakistans first auto credit card on a nation-wide scale on March 31. The UBL PSO auto credit card offers five percent free fuel every time customers purchase fuel at a PSO outlet and one perc
Published 03 Apr, 2009 12:00am
Samsung solar powered mobile phone arrives

Samsung solar powered mobile phone arrives

Samsung Electronics Co Ltd, unveiled its first ever, innovative, solar powered cellular phone; Solar Crest in Pakistan, emphasising Samsungs vision and its pioneering efforts for environmental sustainability, said a press release on Thursday.As a global l
Published 03 Apr, 2009 12:00am
JPMCs medical symposium on April 6

JPMCs medical symposium on April 6

The three-day 46th Medical Symposium, which is being organised by the Jinnah Postgraduate Medical Centre (JPMC), will start from April 06, 2009. Federal Health Minister Eijaz Hussain Jakhrani would inaugurate the three-day symposium, Chairman Medical Symp
Published 03 Apr, 2009 12:00am
THE RUPEE: dollar retreats

THE RUPEE: dollar retreats

Bullish sentiment was seen on the interbank market on Thursday as the rupee recovered eight paisa against dollar for buying at 80.50 and it also gain 2 paisa for selling at 80.60, dealers said. Commenting on the appreciation of the rupee money experts sai
Published 03 Apr, 2009 12:00am
Atom security top notch despite fears

Atom security top notch despite fears

Pakistan maintains security around its nuclear sites that is second to none and the world has no cause for concern, a senior official said. Muhammad Khaliq, project director for Pakistans Nuclear Security Action Plan, outlined improvements to Pakistani at
Published 03 Apr, 2009 12:00am
THE RUPEE: dollar retreats

THE RUPEE: dollar retreats

Bullish sentiment was seen on the interbank market on Thursday as the rupee recovered eight paisa against dollar for buying at 80.50 and it also gain 2 paisa for selling at 80.60, dealers said. Commenting on the appreciation of the rupee money experts sai
Published 03 Apr, 2009 12:00am
Service Industries net profit rises

Service Industries net profit rises

The profit after tax of Service Industries Limited has increased to Rs 340.680 million in the year ended December 31, 2008 as compared to Rs 161.480 million earned in the corresponding period in 2007. The companys earning per share increased to Rs 28.32 i
Published 03 Apr, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 02, 2009).

Published 03 Apr, 2009 12:00am
Meezan Bank holds 14th Shariah Board Meeting

Meezan Bank holds 14th Shariah Board Meeting

Pakistans largest Islamic bank, Meezan Bank Ltd held its 14th Shariah Supervisory Board meeting at the Darul Uloom Korangi. The meeting was chaired by Mufti Taqi Usmani and attended by other prominent International Shariah scholars including Sheikh Essam
Published 03 Apr, 2009 12:00am
Prime Minister rejects foreign medias criticism of ISI

Prime Minister rejects foreign medias criticism of ISI

Prime Minister Syed Yousuf Raza Gilani on Thursday rejected the criticism of foreign media against the army and ISI, saying the countrys armed forces are highly professional and its premier intelligence agency drew praise for its work in the past.
Published 03 Apr, 2009 12:00am
Prime Minister rejects foreign medias criticism of ISI

Prime Minister rejects foreign medias criticism of ISI

Prime Minister Syed Yousuf Raza Gilani on Thursday rejected the criticism of foreign media against the army and ISI, saying the countrys armed forces are highly professional and its premier intelligence agency drew praise for its work in the past.
Published 03 Apr, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 02, 2009).

Published 03 Apr, 2009 12:00am
Arrangements for holding written test for teachers reviewed

Arrangements for holding written test for teachers reviewed

A high-level meeting on Thursday reviewed the arrangements for holding the written test for Primary school Teachers (PST), Junior School Teachers (JST) and High School Teachers (HST) under the Sindh University Testing Center for admissions and employment.
Published 03 Apr, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (April 02, 2009).

Published 03 Apr, 2009 12:00am
11 killed in road accident

11 killed in road accident

Eleven passengers were killed and several others injured in a head-on collision between a bus and a coach on National Highway near Dabeji on Thursday afternoon. The coach caught fire after the head-on collision resulting in some of the passengers burning
Published 03 Apr, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (April 02, 2009) and for Friday (April 03, 2009).
Published 03 Apr, 2009 12:00am
Four killed in road accident

Four killed in road accident

At least four persons were killed and nine others sustained injuries when a wagon carrying 13 passengers including driver fell into a deep ravine. According to police sources, a Muzaffarabad bound wagon (032/MD) carrying 12 passengers was on its way when
Published 03 Apr, 2009 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 03 Apr, 2009 12:00am
11 killed in road accident

11 killed in road accident

Eleven passengers were killed and several others injured in a head-on collision between a bus and a coach on National Highway near Dabeji on Thursday afternoon. The coach caught fire after the head-on collision resulting in some of the passengers burning
Published 03 Apr, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (April 02, 2009).

Published 03 Apr, 2009 12:00am
Assessment report on quake hit areas of Balochistan finalised

Assessment report on quake hit areas of Balochistan finalised

National Disaster Management Authority (NDMA), in collaboration with the UN-Habitat, prepared `Housing-Early Recovery Assessment Report for earthquake affected areas of Balochistan. The quake had left 168 people dead,322 injured and a total of 14,626 hous
Published 03 Apr, 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 days closes in brackets).

Published 03 Apr, 2009 12:00am
PML-N invites PPP to share government in Punjab: Prime Minister

PML-N invites PPP to share government in Punjab: Prime Minister

The Prime Minister, Syed Yousaf Raza Gilani has said that the Pakistan Muslim League-Nawaz (PML-N) has invited the Pakistan Peoples Party (PPP) to share the government in Punjab, which the partys Co-chairman, Asif Ali Zardari would decide after his return
Published 03 Apr, 2009 12:00am
Gilani asks Interior ministry to beef up security

Gilani asks Interior ministry to beef up security

Prime Minister Syed Yousuf Raza Gilani has asked Interior Ministry to enhance security across the country particularly around the key institutions of law enforcement agencies. Law enforcement agencies should be given special task to tighten the security a
Published 03 Apr, 2009 12:00am
Media freedom important part of PPP manifesto: Kaira

Media freedom important part of PPP manifesto: Kaira

Minister for Information and Broadcasting, Qamar Zaman Kaira on Thursday said media freedom is the most important part of Pakistan Peoples Party manifesto and the government would leave no stone unturned to ensure complete freedom of expression.
Published 03 Apr, 2009 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 03 Apr, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 02, 2009).

Published 03 Apr, 2009 12:00am
Gilani approves new parliamentary calendar

Gilani approves new parliamentary calendar

Prime Minister Syed Yousuf Raza Gilani has approved the new parliamentary calendar according to which, the National Assembly will start its first session from April 27 instead of already announced April 9.
Published 03 Apr, 2009 12:00am
Campaign started against power pilferage in AJK

Campaign started against power pilferage in AJK

An extensive drive has been launched across Azad Jammu Kashmir to discourage the trend of power pilferage. Under the plan stringent action would be taken against the officials of the state Electricity Department if found responsible for backing the consum
Published 03 Apr, 2009 12:00am
Passco to procure 15.5 million tonnes of wheat from growers

Passco to procure 15.5 million tonnes of wheat from growers

Punjab Food Department and Pakistan Agriculture Storage and Supplies Corporation (Passco) will procure 15.5 million metric tons wheat from the growers from April 15. Managing Director, Passco Major General Saeed Anwar Khan unfolding the salient features o
Published 03 Apr, 2009 12:00am
International passport must for Haj applications: Kazmi

International passport must for Haj applications: Kazmi

International passport has been made mandatory for Pakistani citizens intending to perform haj, without which no name would be included in the draw. Federal Minister for Religious Affairs, Syed Hamid Saeed Kazmi said this during a meeting with Saudi Minis
Published 03 Apr, 2009 12:00am
Senate body chairman criticises US Afghan policy

Senate body chairman criticises US Afghan policy

Chairman of the Senate Standing Committee on Interior Talha Mehmood on Thursday criticised the new US Afghan policy, saying it would exert a negative impact on the international war against terrorism. The policy would also affect peace and order in the re
Published 03 Apr, 2009 12:00am
Parliament should decide fate of PCO judges: Aitzaz

Parliament should decide fate of PCO judges: Aitzaz

The Parliament should decide the fate of those judges who took oath under the PCO and the legal fraternity would welcome that decision, said Aitzaz Ahsan, here on Thursday. Aitzaz Ahsan appeared before the court as a counsel for the first time after the r
Published 03 Apr, 2009 12:00am
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