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
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
The Grameen Foundation (GF) and the Womens World Banking (WWB) have expressed grave concern over growing crisis in the microfinance sector in Punjab following inappropriate intervention of certain political section.
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.
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
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
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
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
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
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
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
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
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
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
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
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
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.
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
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
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
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
Pakistan International Airlines (PIA) was established in 1955. The flagship carrier of Pakistan has a rich history of unbroken records, unique corporate culture, unparallel service levels and strong financial performance. Commercial airline industry of Pa
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
Pakistan International Airlines (PIA) was established in 1955. The flagship carrier of Pakistan has a rich history of unbroken records, unique corporate culture, unparallel service levels and strong financial performance. Commercial airline industry of Pa
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
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
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
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
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
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
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
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
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.
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.
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
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
The government will shortly announce Fata reforms package that envisages extension of Political Parties Act to the troubled region. The reform package will remove the harsh provisions of the Frontier Crimes Regulation (FCR). This was stated by President s
Chinese main stock index climbed to a fresh seven-month high on Thursday, led by insurers and property shares, as strong overseas stock markets encouraged investors to bet on a Chinese economic recovery. The Shanghai Composite Index, which rose 1.47 perce
Japans C 4.4 percent on Thursday to its highest close in 3 months as carmakers powered higher on hopes for the US economy after a string of data came in better than expected. Banks such as Mizuho Financial Group gained on short-covering after recent sharp
New Zealand shares closed 0.64 percent higher Thursday after gains in overseas markets, and despite a sharp fall in Fletcher Building after a big capital raising, dealers said. The benchmark NZX-50 index rose 16.56 points to 2,585.80 on turnover worth 112
The Taiwan dollar jumped as much as 2 percent to an 11-week high on Thursday on brisk foreign fund inflows, but pared most of its gains after the central bank stepped into the market, actively selling the currency. The Taiwan dollar rose as high as T$33.1
The Hong Kong dollar was slightly firmer against the US dollar on Thursday, helped by a rally in the stock market. Asian stocks shot higher on Thursday after some positive US economic data overnight fuelled optimism the deep global recession might be mode
The yuan edged lower against the dollar on Thursday but held within its recent ranges, though the G20 summit was seen contributing to a rise in Chinas global status over the long-term and eventually boosting the Chinese currency.
The Swiss franc rose against the dollar but was a touch lower against the euro on Thursday as traders looked ahead to two important meetings later in the day which could shape the global economy for some time to come. Trading was subdued ahead of the G20
The yen and dollar fell on Thursday, losing ground to higher-yielding currencies as stock markets rose on hopes a deep recession is moderating. Asian stocks surged on Thursday, with Tokyos Nikkei average rallying more than 4 percent, after US factory and
The US dollar edged higher against the euro on Wednesday on expectations the European Central Bank would cut interest rates and possibly announce unconventional policy measures to stimulate the economy. Investors were also watching leaders from the Group
The Australian dollar jumped on Thursday, rising to a 12-week high against the euro and above 70 US cents, helped by surprisingly strong trade data and expectations of an interest rate cut in the euro zone. The Aussie raced to a high of 0.5302 euros, a le
The South Korean won posted its biggest daily gain in nearly four months on Thursday, leading an Asia-wide rally supported by hopes that the worlds largest economy has hit its bottom. The won ended the local session at 1,334.5 per dollar, up 3.4 percent f
Australia will look to take advantage of the absence of experienced South Africa all- rounder Jacques Kallis when the teams begin their five-match one-day series on Friday. Kallis suffered a groin strain while bowling in the third test in Cape Town and fa
England could be left standing at the altar if the West Indies team carries out its threat to boycott the decisive fifth and final One-day International at the Beausejour Cricket Ground on Friday. England still do not know if their opponents will show-up
The Swedish city of Malmo was banned from hosting Davis Cup matches for five years on Thursday after its controversial decision to stage Swedens World Group clash with Israel behind closed doors. The International Tennis Federation (ITF) said they condemn
Former FA Cup winners Southampton faced an uncertain future on Thursday when the holding company of the English championship (second division) club went into administration. In a statement to the Stock Exchange, Southampton Leisure Holdings Ltd said that
Federal Minister for Sports Pir Aftab Hussain Shah Jallani has given a cheque of Rs 0.2 million to Sarah Mehboob Khan for her achievements in tennis. The player has created history at the age of 14, in 2005, when she became Pakistan No 1 tennis star. She
India have vowed to chase victory in the third and decisive cricket Test against New Zealand starting here Friday, rather than seal the series by seeking a draw. India lead the series 1-0, and captain Mahendra Singh Dhoni is adamant his team will be tryin
World number two Roger Federer overcame American Andy Roddick in three sets Wednesday to set up a semi-final clash with Novak Djokovic at the ATP Masters 1000 hardcourt tournament here. The second-seeded Swiss, still in search of his first title of 2009,
International cricket will return to Pakistan in the future, but not before significant increases in security and safety, International Cricket Council (ICC) officials said on Thursday. Security concerns have mounted in the country in recent years with se
Pakistani captain Younus Khan on Thursday urged India and other Asian cricket giants to pull together to allay security fears in the region and save the game on the sub-continent. "Cricket hit by security fears is no longer Pakistans problem alone... I th
Bollywood film producers are going on indefinite strike from this weekend, after failing to resolve differences with multiplex owners over their share of box office takings. The move is likely to hurt Indias 2.1 billion dollar a year Hindi-language movie
Sudan will hold its first general election in 24 years next February, an electoral official said Thursday, despite an international arrest warrant against incumbent President Omar al-Beshir. "The electoral process starts this April and will finish in Febr
A court in Moscow sentenced a Chechen student on Thursday to eight years in a prison camp for attempting to kill pro-Russian Chechen President Ramzan Kadyrov, Russian news agencies reported. The sentence came two days after jurors convicted the student, L
The head of Bangladeshs anti-corruption watchdog stepped down Thursday, hinting he was unable to work under the new government of Prime Minister Sheikh Hasina after it curbed the bodys powers. Hasan Mashhud Chowdhury had led the Anti-Corruption Commission
Michelle Obama dared touch Queen Elizabeth II, but the US first lady has made such an impact in Britain that she was spared the media savaging that has gone with previous breaches of royal protocol. The pair met at Buckingham Palace on Wednesday. The Brit
Sri Lanka said Thursday it had summoned Norways envoy to complain about the Nordic countrys alleged role in arranging a telephone conversation between Tamil Tiger rebels and a UN official. Foreign Secretary Palitha Kohona said the government voiced its "d
India will soon begin trials of fighter jets competing for one of the worlds biggest arms deals, a defence ministry official said on Thursday, brushing aside speculation the upcoming election could affect the deal. Last year, six international companies s
Sri Lankan troops have surrounded dozens of Tamil Tiger separatist rebels during fierce fighting in the islands north in a drive to end a 25-year civil war, the military said Thursday. The rebels - who once commanded a de facto state across a large swath
Russian wheat could be a satisfactory alternative to Argentine supplies that have grown scarce after a drought and reduced planting, Brazilian trade sources said on Wednesday. Representatives from four Brazilian millers and one trading house returned last
Indian sugar futures may rise for a fourth day on Thursday as bulk buyers like cold-drink and ice-cream makers increased purchases in spot markets amid a downward revision in output estimates, analysts said. Traders were expecting output to drop to 14.5 m
The Karachi Port handled 96,870 tonnes of cargo including 61,232 tonnes of import and 35,638 tonnes of export, 4,657 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday.
A few changes were seen on the grain market on Wednesday as most of the buyers were on the sidelines in anticipation of decline in the prices, dealers said. On the cereals side, wheat old and new gave up Rs 10 to Rs 2470-2485, other items maintained the o
The rates surged on the cotton market on Thursday as the ginners raised asking prices due to shortage of fine quality, dealers said. In the meantime the official spot rate was unchanged at Rs 3300. The Phutti prices in Sindh and Punjab were higher at Rs 1
Cotton prices tightened further this week gaining any where from Rs 100 to Rs 150 per maund (37.32 kgs) in the ready market. With the ginners now holding less than an estimated unsold stock of 600,000 domestic size bales from the current crop (2008-2009),
Cotton prices tightened further this week gaining any where from Rs 100 to Rs 150 per maund (37.32 kgs) in the ready market. With the ginners now holding less than an estimated unsold stock of 600,000 domestic size bales from the current crop (2008-2009),