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Print - 2009-04-08
Panel on national security okays recommendations

Panel on national security okays recommendations

The Parliamentary Committee on National Security has unanimously okayed its recommendations on national security in the light of 14-point resolution passed by the joint in camera session of the parliament.
Published 08 Apr, 2009 12:00am
Chief Justice calls for record of all pending cases

Chief Justice calls for record of all pending cases

Chief Justice, Supreme Court of Pakistan, Iftikhar Muhammad Chaudhry has called for record of pending cases in courts and appropriate action plan from Chief Justices of High Courts to frame strategy for quick dispensation of justice and erosion of corrupt
Published 08 Apr, 2009 12:00am
Attack on Sri Lankan team: statements of more officials recorded

Attack on Sri Lankan team: statements of more officials recorded

Inquiry tribunal of Lahore High Court, established to probe into terrorist attack on Sri Lankan cricket team, on Tuesday recorded the statement of Federal Secretary Interior. Media personnel and police officers were also testified in this connection.
Published 08 Apr, 2009 12:00am
UN Benazir probe team arrives

UN Benazir probe team arrives

A six-member United Nations team has arrived in Islamabad to probe into the assassination of slain Chairperson of the Pakistan Peoples Party and former Prime Minister, Benazir Bhutto. The UN team landed at Islamabad International Airport by Emirates Airli
Published 08 Apr, 2009 12:00am
KESC notices to Site units held in abeyance

KESC notices to Site units held in abeyance

All notices issued so far by the Karachi Electric Supply Company (KESC) to industrial consumers of Site area in respect of payment of security deposits would be held in abeyance and shall not be given any effect for the purpose. Further, in future, the re
Published 08 Apr, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Tuesday (April 07, 2009).

Published 08 Apr, 2009 12:00am
Nisar lauds services of Salman Farooqui

Nisar lauds services of Salman Farooqui

Leader of Opposition and Chairman Public Accounts Committee (PAC) Chaudhry Nisar Ali Khan on Tuesday appreciated the services of Salman Farooqui, secretary general to President and said he is a highly experienced, competent and outstanding civil servant w
Published 08 Apr, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Tuesday (April 07, 2009).

Published 08 Apr, 2009 12:00am
PSO grabs 89 percent shares of furnace oil sale in March

PSO grabs 89 percent shares of furnace oil sale in March

Pakistan State Oil (PSO), the leading oil marketing company in the country, has captured 89 per cent market share in furnace oil sales with the company's highest-ever single month sales of 775,000 tons in the month of March 2009.
Published 08 Apr, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Tuesday (April 07, 2009).

Published 08 Apr, 2009 12:00am
Pakistan, Tajikistan discuss trade and defence ties

Pakistan, Tajikistan discuss trade and defence ties

The Ambassador of Tajikistan to Pakistan, Zubaydullo Zubaydov, called on Minister of State for Defence, Arbab Muhammad Zahir and discussed with him matters of mutual interest. Both sides exchanged views on the existing level of co-operation and underlined
Published 08 Apr, 2009 12:00am
Iesco schedule for power shutdown

Iesco schedule for power shutdown

Islamabad Electric Supply Company (Iesco) announced that power supply would remain suspended due to construction work/annual maintenance as per following schedule.
Published 08 Apr, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 07, 2009).

Published 08 Apr, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (April 07, 2009) and for Wednesday (April 08, 2009).
Published 08 Apr, 2009 12:00am
FPCCI opposes advancing of clocks by one hour

FPCCI opposes advancing of clocks by one hour

President Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Sultan Ahmed Chawla has said that the proposed plan of moving clocks ahead by one hour from May 1 will create disturbance in working schedules rather than bringing discipline in of
Published 08 Apr, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 07, 2009).

Published 08 Apr, 2009 12:00am
FPCCI chief denies forming any political party

FPCCI chief denies forming any political party

President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Sultan Ahmed Chawla has strongly denied the news of formation of any political party by FPCCI. In a statement issued here he said that FPCCI has not decided to form any political p
Published 08 Apr, 2009 12:00am
Sky-high price of wheat flour: City Council expresses reservations

Sky-high price of wheat flour: City Council expresses reservations

Passing a unanimous resolution on Tuesday, City Council expressed serious reservations over the sky-high price of wheat flour in the metropolis. It has also demanded to take action against the profiteers and fix the flour price according to the government
Published 08 Apr, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 07, 2009).

Published 08 Apr, 2009 12:00am
SKAA seeks funds for uplift of 12,000 katchi abadis

SKAA seeks funds for uplift of 12,000 katchi abadis

Sindh Katchi Abadi Authority (SKAA) has demanded federal and provincial governments for releasing funds for carrying out infrastructure development for more than 12,000 katchi abadis.
Published 08 Apr, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 07, 2009).

Published 08 Apr, 2009 12:00am
Over Rs 158.751 million irregular spending in Sindh uplift schemes

Over Rs 158.751 million irregular spending in Sindh uplift schemes

Massive irregularities were unearthed in different Sindh government departments, as the Public Accounts Committee (PAC) of Sindh Assembly has detected bulk of anomalies involving more than Rs 158.751 million in the completion of various projects by the In
Published 08 Apr, 2009 12:00am
Aptma criticises Pepco, Wapda

Aptma criticises Pepco, Wapda

All Pakistan Textile Mills Association (Aptma) has objected the ongoing load shedding ranging from four to six hours for the Textile Industry, which is contrary to the understanding and assurances given by Pepco/Wapda to the textile industry in various me
Published 08 Apr, 2009 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

Some erratic movements were witnessed on the currency market on Tuesday as rates moved both ways, dealers said. On interbank market, the rupee maintained its parity with dollar for buying at 80.53 but was lower by two paisa for selling at 80.58, they said
Published 08 Apr, 2009 12:00am
5,076 people deprived of their valuables in March

5,076 people deprived of their valuables in March

As many as 5076 people in the metropolis were deprived of four wheelers, two wheelers, cash, cell phones and other valuables during March 2009. Sources at the Central Police Office (CPO) told Business Recorder on Tuesday that total 430 people were
Published 08 Apr, 2009 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

Some erratic movements were witnessed on the currency market on Tuesday as rates moved both ways, dealers said. On interbank market, the rupee maintained its parity with dollar for buying at 80.53 but was lower by two paisa for selling at 80.58, they said
Published 08 Apr, 2009 12:00am
'Government committed to protect Kalash community'

'Government committed to protect Kalash community'

'The government is committed to ensure the protection of Kalash community,' the Federal Minister for Minorities Affairs, Shahbaz Bhatti said. He was talking to a delegation of Kalash community headed by Prince Javed, Member of Provincial Assembly and Chis
Published 08 Apr, 2009 12:00am
UNHCR official meets minister

UNHCR official meets minister

Country Representative of UNHCR met the Federal Minister for SAFRON, Najmuddin Khan in his office on Tuesday. She thanked the Ministers as well as the Government of Pakistan for making efforts to secure John Soleki's release.
Published 08 Apr, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Apr, 2009 12:00am
No foreign forces will be tolerated on Pakistani soil, US told

No foreign forces will be tolerated on Pakistani soil, US told

Pakistan made it clear to the United States of America that no foreign forces would be tolerated on Pakistani soil and there will be no compromise on the sovereignty of Pakistan, said Foreign Minister Shah Mehmood Qureshi here on Tuesday.
Published 08 Apr, 2009 12:00am
World commitment will go long way in fight against militancy: Zardari

World commitment will go long way in fight against militancy: Zardari

President Asif Ali Zardari has said that political commitment of international community to help Pakistan would go a long way in fighting extremism and militancy. He said this while chairing a meeting jointly with Prime Minister Syed Yousaf Raza Gillani t
Published 08 Apr, 2009 12:00am
Reception hosted onboard PN NASR at Malaysian port

Reception hosted onboard PN NASR at Malaysian port

Commodore Kamran Khan, Commander of the Mission from Pakistan Navy Ships BADR and NASR hosted a grand reception on Monday night, onboard PN NASR at Port Klang, Malaysia, a press release received Tuesday from the High Commission of Pakistan, Kuala Lumpur,
Published 08 Apr, 2009 12:00am
Drone attacks counter-productive: Nawaz tells US

Drone attacks counter-productive: Nawaz tells US

Pakistan Muslim League-Nawaz (PML-N) chief Mian Nawaz Sharif has said that he made it clear to the American leadership that drone attacks on Pakistani soil are counter-productive and not serve the interests of any of the partners in war on terror.
Published 08 Apr, 2009 12:00am
Holbrooke and Mullen call on Gilani

Holbrooke and Mullen call on Gilani

US Special Envoy for Afghanistan and Pakistan Richard Holbrooke accompanied by the Chairman of US Joint Chiefs of Staff Admiral Michael Mullen on Tuesday called on Prime Minister Syed Yusuf Raza Gilani.
Published 08 Apr, 2009 12:00am
World Digital Library to launch at UNESCO on April 21

World Digital Library to launch at UNESCO on April 21

The World Digital Library, a website offering free access to rare books, maps, manuscripts, films and photographs from across the globe, will launch April 21 at UNESCO headquarters in Paris. Its cultural content from libraries and archives world-wide will
Published 08 Apr, 2009 12:00am
CJCSC meets Saudi foreign minister

CJCSC meets Saudi foreign minister

Chairman Joint Chiefs of Staff Committee (CJCSC) General Tariq Majeed undertaking official visit to Saudi Arabia on Tuesday called on Minister of Foreign Affairs Prince Saud Al-Faisal Bin Abdul Aziz Al-Saud.
Published 08 Apr, 2009 12:00am
Zardari summons National Assembly session on April 9

Zardari summons National Assembly session on April 9

President Asif Ali Zardari on Tuesday summoned the National Assembly's 12th session on April 9 at Parliament House at 4pm, said a notification. "In exercise of the powers conferred by clause (1) of Article 54 of the Constitution of Islamic Republic of Pak
Published 08 Apr, 2009 12:00am
Waiving-off loans: PAC summons SBP senior officials

Waiving-off loans: PAC summons SBP senior officials

The Public Accounts Committee (PAC) of National Assembly has expressed grave concern over waiving-off loans by State Bank of Pakistan (SBP) and other banks and summoned SBP senior officials in its next meeting with detailed documents giving the justificat
Published 08 Apr, 2009 12:00am
Shariat court dismisses petitions

Shariat court dismisses petitions

The Federal Shariat Court has dismissed the petitions of pesticide retailers, observing that they should be curbed with iron hands, which is not un-Islamic to punish them. Abdul Latif and others have approached the court on the ground that they purchased
Published 08 Apr, 2009 12:00am
70 percent sacked employees being reinstated: Khurshid

70 percent sacked employees being reinstated: Khurshid

Federal Minister for Labour and Manpower Khurshid Shah has said that 70 percent sacked employees from 1996 to 1998 have been reinstated. Talking to journalists here on Tuesday after the meeting of federal cabinet committee for reinstatement of sacked empl
Published 08 Apr, 2009 12:00am
Tarin meets Gilani

Tarin meets Gilani

Advisor to the Prime Minister on Finance, Shaukat Tarin called on Prime Minister Syed Yousuf Raza Gilani at the Prime Minister's House on Tuesday. During the meeting, Terin briefed the prime minister about the overall economic situation of the country.
Published 08 Apr, 2009 12:00am
Need for demand driven, market-oriented courses underlined

Need for demand driven, market-oriented courses underlined

The Vice Chancellor Government College University Lahore Dr Khalid Aftab stressed the need for demand driven, market oriented courses as part of continuous education so that the unemployed youth could be equipped with valuable skills in order to seek empl
Published 08 Apr, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Apr, 2009 12:00am
Political stability: Nawaz lauds role of business community

Political stability: Nawaz lauds role of business community

The Pakistan Muslim League-Nawaz (PML-N) Quaid, Mian Nawaz Sharif has said that business community being the backbone for the economy has played vital and appreciable role for political stability in the country. He was talking to a delegation of businessm
Published 08 Apr, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 Apr, 2009 12:00am
NWFP government claims restoration of writ in 70 percent of Swat

NWFP government claims restoration of writ in 70 percent of Swat

The provincial government of NWFP on Tuesday claimed that writ of the government was restored over 70 per cent areas of the troubled Swat valley, saying the consent of the President Asif Ali Zardari for the Nizam-e-Adal Regulation will further help improv
Published 08 Apr, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (April 07, 2009).

Published 08 Apr, 2009 12:00am
PML-Q struggling for its survival

PML-Q struggling for its survival

Pakistan Muslim League-Q, (PML-Q) has evolved a comprehensive strategy to fight back for its political survival and strength, as the PML-N backed Unification Group is gaining unusual strength with every passing day in Punjab. Sources in the PML-Q told
Published 08 Apr, 2009 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 08 Apr, 2009 12:00am
ACM opens in Zurich and pursues expansion

ACM opens in Zurich and pursues expansion

ACM is pleased to announce the opening of its new office in Zurich thus pursuing its establishment with first-rate financial centers, says a press released issued on Tuesday. Following Geneva, New York, Dubai and Montevideo, ACM carries on its geographica
Published 08 Apr, 2009 12:00am
World economy to recover in 2010: Fitch

World economy to recover in 2010: Fitch

The global economy will decline sharply this year and recover in 2010, credit ratings agency Fitch forecast on Tuesday, in a further sign of international economic malaise. Fitch said in its Global Economic Outlook that world-wide gross domestic product (
Published 08 Apr, 2009 12:00am
Pakistan fighting terror for survival, US told

Pakistan fighting terror for survival, US told

The United States' military commander and regional trouble-shooter on Tuesday held key talks in Pakistan, where President Asif Ali Zardari told them his country was fighting terror for its survival.
Published 08 Apr, 2009 12:00am
OECD takes four tax havens off blacklist

OECD takes four tax havens off blacklist

Four finance centres blacklisted last Thursday in a renewed crackdown on tax fraud were taken off the list on Tuesday after committing to international standards on bank information disclosure. The Organisation for Economic Co-operation and Development sa
Published 08 Apr, 2009 12:00am
Pakistan fighting terror for survival, US told

Pakistan fighting terror for survival, US told

The United States' military commander and regional trouble-shooter on Tuesday held key talks in Pakistan, where President Asif Ali Zardari told them his country was fighting terror for its survival.
Published 08 Apr, 2009 12:00am
China stimulus to sustain Asia's growth: World Bank

China stimulus to sustain Asia's growth: World Bank

Growth in the economies of East Asia and the Pacific will slow this year because of the financial crisis but China's multi-billion dollar stimulus will secure their status as the world's fastest growing region, the World Bank said. Gross domestic product
Published 08 Apr, 2009 12:00am
DG ISI declines to meet Holbrooke, Mullen?

DG ISI declines to meet Holbrooke, Mullen?

Director General Inter Services Intelligence (ISI) Lieutenant General Ahmad Shuja Pasha reportedly declined to meet with US special envoy for Pakistan and Afghanistan Richard Holbrooke and Chairman of the Joint Chiefs of Staff Admiral Michael Mullen here
Published 08 Apr, 2009 12:00am
Gazprom, Eni in $4 billion buy-out deal

Gazprom, Eni in $4 billion buy-out deal

Russia's Gazprom on Tuesday signed a deal worth over four billion dollars to buy out the 20 percent stake owned by Italy's Eni in its oil unit Gazprom Neft, in line with the Kremlin's aim to keep key assets in state hands. The stake was among a clutch of
Published 08 Apr, 2009 12:00am
DG ISI declines to meet Holbrooke, Mullen?

DG ISI declines to meet Holbrooke, Mullen?

Director General Inter Services Intelligence (ISI) Lieutenant General Ahmad Shuja Pasha reportedly declined to meet with US special envoy for Pakistan and Afghanistan Richard Holbrooke and Chairman of the Joint Chiefs of Staff Admiral Michael Mullen here
Published 08 Apr, 2009 12:00am
UK industrial output suffers record annual drop

UK industrial output suffers record annual drop

British industrial output suffered its biggest annual drop in February since records began 40 years ago, highlighting the extent to which the sector is being hit by the global downturn. Official data on Tuesday showed industrial production fell for a 12th
Published 08 Apr, 2009 12:00am
Quarter of companies globally set to freeze pay

Quarter of companies globally set to freeze pay

A quarter of the world's companies, and 40 percent in the United States, plan to freeze salaries this year, but employees in South America and India can look forward to robust rises, a global survey shows on Tuesday. Employees in Japan, Lithuania and Irel
Published 08 Apr, 2009 12:00am
Grim fourth quarter spells deeper eurozone recession

Grim fourth quarter spells deeper eurozone recession

The eurozone economy shrank more than earlier estimated in the fourth quarter of 2008 and the third quarter was weaker too, revised data showed, pointing to an even worse 2009 figure than feared and knocking down the euro. Gross domestic product in the 15
Published 08 Apr, 2009 12:00am
US chief executives confidence hits record low

US chief executives confidence hits record low

Two-thirds of US chief executives plan additional layoffs and expect sales to decline in the next six months as their confidence in the economy continued to fall, according to a survey released on Tuesday. The Business Roundtable's quarterly CEO Economic
Published 08 Apr, 2009 12:00am
Monetary policy may ease: SBP

Monetary policy may ease: SBP

The monetary policy will aim to balance growth and inflation concerns, the country's top economic adviser and the State Bank of Pakistan governor said in a letter posted on the International Monetary Fund's website. The letter of intent, dated March 16 an
Published 08 Apr, 2009 12:00am
Opec can live with $50-$60 oil

Opec can live with $50-$60 oil

Opec can live with oil prices of $50-$60 a barrel for the rest of 2009, a source close to the organisation's Angolan presidency said on Tuesday. The comments fit with an emerging consensus in Opec that it will accept lower prices than it would like to hel
Published 08 Apr, 2009 12:00am
Monetary policy may ease: SBP

Monetary policy may ease: SBP

The monetary policy will aim to balance growth and inflation concerns, the country's top economic adviser and the State Bank of Pakistan governor said in a letter posted on the International Monetary Fund's website. The letter of intent, dated March 16 an
Published 08 Apr, 2009 12:00am
Doha deal in sight, says Lamy

Doha deal in sight, says Lamy

The Doha round of global trade talks could be concluded within eight months of preliminary agreements on industrial tariffs and agriculture subsidies, the head of the World Trade Organisation told Reuters on Tuesday. World Trade Organisation (WTO) Directo
Published 08 Apr, 2009 12:00am
Monetary policy may ease: SBP

Monetary policy may ease: SBP

The monetary policy will aim to balance growth and inflation concerns, the country''s top economic adviser and the State Bank of Pakistan governor said in a letter posted on the International Monetary Fund''s website. The letter of intent, dated March 16
Published 08 Apr, 2009 12:00am
US soyabean ends weakens

US soyabean ends weakens

US soyabean futures on the Chicago Board of Trade closed weak on Monday, pressed by falling equity and crude oil markets along with a firmer dollar, traders said. May soyabeans ended 1-1/2 cent down at $9.94 a bushel, after surpassing $10 in overnight tra
Published 08 Apr, 2009 12:00am
SECP discontinues CFS Mk-II, 'deliverable futures' products

SECP discontinues CFS Mk-II, 'deliverable futures' products

The Securities and Exchange Commission of Pakistan (SECP) has decided to discontinue CFS Mk-II and Deliverable Futures products in the best interests of the capital markets in Pakistan. The decision was taken in the light of recommendations of CFS Mk-II R
Published 08 Apr, 2009 12:00am
New York sugar future easier

New York sugar future easier

Raw sugar futures closed Monday down and at an 11-week low on investor profit-taking amid a firm dollar and weak outside markets and analysts said the sweetener could slip some more this week. The key May sugar contract dove 0.33 cent to finish at 12.22 c
Published 08 Apr, 2009 12:00am
SECP discontinues CFS Mk-II, 'deliverable futures' products

SECP discontinues CFS Mk-II, 'deliverable futures' products

The Securities and Exchange Commission of Pakistan (SECP) has decided to discontinue CFS Mk-II and Deliverable Futures products in the best interests of the capital markets in Pakistan. The decision was taken in the light of recommendations of CFS Mk-II R
Published 08 Apr, 2009 12:00am
Malaysian tin falls

Malaysian tin falls

Malaysian tin prices fell 0.7 percent on Tuesday due to the drop in London Metal Exchange prices, one dealer said.
Published 08 Apr, 2009 12:00am
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