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Print - 2009-05-28
LHC stays CCP action against LPGAP

LHC stays CCP action against LPGAP

The Lahore High Court (LHC) on Wednesday stayed Competition Commission of Pakistan's (CCP) proceedings against LPG Association of Pakistan (LPGAP), and also suspended the operation of CCP's show-cause notice. The next date of hearing has been fixed for Ju
Published 28 May, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 27, 2009).
Published 28 May, 2009 12:00am
Property CVT to be deposited through new challan form

Property CVT to be deposited through new challan form

The purchasers of the immovable property, including commercial and residential property within urban areas, are required to deposit the capital value tax (CVT) under the new challan form. In this connection, the FBR has amended the CVT Rules 1990 through
Published 28 May, 2009 12:00am
BRIndex30 up 16.86 points

BRIndex30 up 16.86 points

On Wednesday, the BRIndex30 opened in the positive zone, at 6,781.36, and closed at 6,783.14 points with a net positive change of 16.86 points and percentage change of 0.25. It experienced intra-day high of 6,883.10 and low of 6,741.64. The volume amounte
Published 28 May, 2009 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (May 27, 2009).

Published 28 May, 2009 12:00am
BRIndex30 up 16.86 points

BRIndex30 up 16.86 points

On Wednesday, the BRIndex30 opened in the positive zone, at 6,781.36, and closed at 6,783.14 points with a net positive change of 16.86 points and percentage change of 0.25. It experienced intra-day high of 6,883.10 and low of 6,741.64. The volume amounte
Published 28 May, 2009 12:00am
KSE gains 12 points

KSE gains 12 points

Karachi share market opened on a positive note and the benchmark KSE-100 index hit 7,269.54 points intra-day high level on Wednesday. However, the news about Lahore bomb blast affected the investors'' sentiment negatively and the index went into the negat
Published 28 May, 2009 12:00am
KSE gains 12 points

KSE gains 12 points

Karachi share market opened on a positive note and the benchmark KSE-100 index hit 7,269.54 points intra-day high level on Wednesday. However, the news about Lahore bomb blast affected the investors' sentiment negatively and the index went into the negati
Published 28 May, 2009 12:00am
KSE gains 12 points

KSE gains 12 points

Karachi share market opened on a positive note and the benchmark KSE-100 index hit 7,269.54 points intra-day high level on Wednesday. However, the news about Lahore bomb blast affected the investors' sentiment negatively and the index went into the negati
Published 28 May, 2009 12:00am
Gazprom eyes role in gas pipeline: report

Gazprom eyes role in gas pipeline: report

Russian gas export monopoly Gazprom is keen to participate in a pipeline to carry Iranian gas to Pakistan, the Kommersant daily reported on Wednesday, citing company and government officials. "We are ready to join the project as soon as we receive an offe
Published 28 May, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (May 27, 2009).

Published 28 May, 2009 12:00am
Gazprom eyes role in gas pipeline: report

Gazprom eyes role in gas pipeline: report

Russian gas export monopoly Gazprom is keen to participate in a pipeline to carry Iranian gas to Pakistan, the Kommersant daily reported on Wednesday, citing company and government officials. "We are ready to join the project as soon as we receive an offe
Published 28 May, 2009 12:00am
Terror targets Lahore again: 30 dead, 250 injured

Terror targets Lahore again: 30 dead, 250 injured

Gunmen detonated a car bomb Wednesday near police and intelligence agency offices that collapsed one building and sheared the walls off others in one of the deadliest attacks in Pakistan this year. About 30 people were killed and at least 250 wounded. Age
Published 28 May, 2009 12:00am
Property CVT to be deposited through new challan form

Property CVT to be deposited through new challan form

The purchasers of the immovable property, including commercial and residential property within urban areas, are required to deposit the capital value tax (CVT) under the new challan form. In this connection, the FBR has amended the CVT Rules 1990 through
Published 28 May, 2009 12:00am
Property CVT to be deposited through new challan form

Property CVT to be deposited through new challan form

The purchasers of the immovable property, including commercial and residential property within urban areas, are required to deposit the capital value tax (CVT) under the new challan form. In this connection, the FBR has amended the CVT Rules 1990 through
Published 28 May, 2009 12:00am
Gazprom eyes role in gas pipeline: report

Gazprom eyes role in gas pipeline: report

Russian gas export monopoly Gazprom is keen to participate in a pipeline to carry Iranian gas to Pakistan, the Kommersant daily reported on Wednesday, citing company and government officials. "We are ready to join the project as soon as we receive an offe
Published 28 May, 2009 12:00am
Miliband condemns bombing

Miliband condemns bombing

British Foreign Secretary David Miliband on Wednesday denounced a deadly suicide car bombing in Pakistan and said London would help Islamabad fight terrorism. "We are deep and good friends of the people and government of Pakistan. We are committed to stan
Published 28 May, 2009 12:00am
Miliband condemns bombing

Miliband condemns bombing

British Foreign Secretary David Miliband on Wednesday denounced a deadly suicide car bombing in Pakistan and said London would help Islamabad fight terrorism. "We are deep and good friends of the people and government of Pakistan. We are committed to stan
Published 28 May, 2009 12:00am
Terror targets Lahore again: 30 dead, 250 injured

Terror targets Lahore again: 30 dead, 250 injured

Gunmen detonated a car bomb Wednesday near police and intelligence agency offices that collapsed one building and sheared the walls off others in one of the deadliest attacks in Pakistan this year. About 30 people were killed and at least 250 wounded. Age
Published 28 May, 2009 12:00am
Railways seeks Rs 13.26 billion grant for operational needs

Railways seeks Rs 13.26 billion grant for operational needs

Pakistan Railways has requested the Prime Minister to approve a supplementary grant of Rs 13.26 billion to enable it to meet its operational requirements. Any delay in financial assistance is likely to create serious institutional unrest and civil commoti
Published 28 May, 2009 12:00am
Railways seeks Rs 13.26 billion grant for operational needs

Railways seeks Rs 13.26 billion grant for operational needs

Pakistan Railways has requested the Prime Minister to approve a supplementary grant of Rs 13.26 billion to enable it to meet its operational requirements. Any delay in financial assistance is likely to create serious institutional unrest and civil commoti
Published 28 May, 2009 12:00am
North Korea threatens military strike against South

North Korea threatens military strike against South

North Korea on Wednesday threatened military action against Seoul, one day after South Korea joined a US-led initiative to intercept ships carrying illicit weapons, further escalating tensions on the Korean Peninsula. The Stalinist state said it felt no l
Published 28 May, 2009 12:00am
North Korea threatens military strike against South

North Korea threatens military strike against South

North Korea on Wednesday threatened military action against Seoul, one day after South Korea joined a US-led initiative to intercept ships carrying illicit weapons, further escalating tensions on the Korean Peninsula. The Stalinist state said it felt no l
Published 28 May, 2009 12:00am
Railways seeks Rs 13.26 billion grant for operational needs

Railways seeks Rs 13.26 billion grant for operational needs

Pakistan Railways has requested the Prime Minister to approve a supplementary grant of Rs 13.26 billion to enable it to meet its operational requirements. Any delay in financial assistance is likely to create serious institutional unrest and civil commoti
Published 28 May, 2009 12:00am
Suicide attack news puts selling pressure on LSE

Suicide attack news puts selling pressure on LSE

Bullish sentiment could not sustain on the Lahore Stock Exchange on Wednesday on account of a severe incident of suicide bombing attack on Police Emergency-15 office in the city and the equities fell under selling pressure and investors offloaded their po
Published 28 May, 2009 12:00am
Suicide attack news puts selling pressure on LSE

Suicide attack news puts selling pressure on LSE

Bullish sentiment could not sustain on the Lahore Stock Exchange on Wednesday on account of a severe incident of suicide bombing attack on Police Emergency-15 office in the city and the equities fell under selling pressure and investors offloaded their po
Published 28 May, 2009 12:00am
Landmines kill driver, schoolboy in Dera Bugti

Landmines kill driver, schoolboy in Dera Bugti

Landmines killed a driver and a 12-year-old schoolboy in on Wednesday, officials said. The boy was walking home from school when he stepped on a landmine in Dera Bugti, a town 350 kilometres (220 miles) south-east of Quetta, and died on the spot, a securi
Published 28 May, 2009 12:00am
Smeda to set up 15 new WBICs across country

Smeda to set up 15 new WBICs across country

Small and Medium Enterprises Development Authority (Smeda) under a network plan would establish 15 new Women Business Incubation Centre (WBIC) in various parts of the country and Azad Kashmir, disclosed Project Director Women Business Incubation Centre (W
Published 28 May, 2009 12:00am
China to expand railways in 19 cities

China to expand railways in 19 cities

China plans to expand its urban rail system nearly fourfold, as it aims to ease traffic congestion and boost economic growth, state media said Wednesday. By 2015, 19 cities will have new rail systems totalling about 2,100 kilometres (1,300 miles), the Chi
Published 28 May, 2009 12:00am
NWFP faces shortfall in collection of POR

NWFP faces shortfall in collection of POR

The North-West Frontier Province (NWFP) is facing a shortfall of Rs 2584.775 million in collecting the Provincial Own Receipts (POR) for the current financial year 2008-09 against the target of Rs 7444.202 million. The province has so far received an amou
Published 28 May, 2009 12:00am
Pakistan and India ramp up sugar imports

Pakistan and India ramp up sugar imports

Pakistan will buy up to 600,000 metric tonnes of sugar this year as the subcontinent ramps up imports of the sweetener to keep down prices and avoid dipping into stocks, an official of the world's largest sugar refiner forecast on Tuesday. India was also
Published 28 May, 2009 12:00am
Killing of Baloch leaders: CJP takes suo motu notice

Killing of Baloch leaders: CJP takes suo motu notice

Chief Justice Iftikhar Mohammad Chaudhry on Wednesday took suo motu notice regarding murder of three Baloch leaders and sought report from Chief Secretary Balochistan. Baloch National Movement (BNM) President Ghulam Mohammad Baloch, Lala Munir, also of BN
Published 28 May, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 May, 2009 12:00am
Killing of Baloch leaders: CJP takes suo motu notice

Killing of Baloch leaders: CJP takes suo motu notice

Chief Justice Iftikhar Mohammad Chaudhry on Wednesday took suo motu notice regarding murder of three Baloch leaders and sought report from Chief Secretary Balochistan. Baloch National Movement (BNM) President Ghulam Mohammad Baloch, Lala Munir, also of BN
Published 28 May, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (May 27, 2009).

Published 28 May, 2009 12:00am
Japanese scientists create transgenic monkeys

Japanese scientists create transgenic monkeys

In a controversial achievement, Japanese scientists announced on Wednesday they had created the world's first transgenic primates, breeding monkeys with a gene that made the animals' skin glow a fluorescen monkeys that replicate some of humanity's most de
Published 28 May, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 28 May, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 May, 2009 12:00am
Board meetings in progress

Board meetings in progress

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

Published 28 May, 2009 12:00am
World Bank, GoP ink accord for strengthening NTCIP

World Bank, GoP ink accord for strengthening NTCIP

World Bank and the Government of Pakistan on Wednesday signed an agreement for strengthening the National Trade Corridor Improvement Programme (NTCIP) amounting to $25 million in the Economic Affairs Division for the trade and Transport Facilitation Proje
Published 28 May, 2009 12:00am
World Bank, GoP ink accord for strengthening NTCIP

World Bank, GoP ink accord for strengthening NTCIP

World Bank and the Government of Pakistan on Wednesday signed an agreement for strengthening the National Trade Corridor Improvement Programme (NTCIP) amounting to $25 million in the Economic Affairs Division for the trade and Transport Facilitation Proje
Published 28 May, 2009 12:00am
World Bank, GoP ink accord for strengthening NTCIP

World Bank, GoP ink accord for strengthening NTCIP

World Bank and the Government of Pakistan on Wednesday signed an agreement for strengthening the National Trade Corridor Improvement Programme (NTCIP) amounting to $25 million in the Economic Affairs Division for the trade and Transport Facilitation Proje
Published 28 May, 2009 12:00am
Japanese scientists create transgenic monkeys

Japanese scientists create transgenic monkeys

In a controversial achievement, Japanese scientists announced on Wednesday they had created the world's first transgenic primates, breeding monkeys with a gene that made the animals' skin glow a fluorescen monkeys that replicate some of humanity's most de
Published 28 May, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 27, 2009).

Published 28 May, 2009 12:00am
Ministry wants to ban transfer of new cars in six months

Ministry wants to ban transfer of new cars in six months

The Ministry of Industries and Production wants to impose ban on transfer of new vehicles in six months to discourage black marketing by dealers. Minister for Industries and Production Mian Manzoor Wattoo stated this while addressing a press conference he
Published 28 May, 2009 12:00am
Ministry wants to ban transfer of new cars in six months

Ministry wants to ban transfer of new cars in six months

The Ministry of Industries and Production wants to impose ban on transfer of new vehicles in six months to discourage black marketing by dealers. Minister for Industries and Production Mian Manzoor Wattoo stated this while addressing a press conference he
Published 28 May, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Wednesday (May 27, 2009).

Published 28 May, 2009 12:00am
Ministry wants to ban transfer of new cars in six months

Ministry wants to ban transfer of new cars in six months

The Ministry of Industries and Production wants to impose ban on transfer of new vehicles in six months to discourage black marketing by dealers. Minister for Industries and Production Mian Manzoor Wattoo stated this while addressing a press conference he
Published 28 May, 2009 12:00am
US Muslim charity leader sentenced to 65 years

US Muslim charity leader sentenced to 65 years

The leader of what was once the largest Muslim charity in the United States was sentenced to 65 years in jail Wednesday for supporting Palestinian militants, in a major US-based terrorism financing case. The Texas-based Holy Land Foundation and five of it
Published 28 May, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Wednesday (May 27, 2009).

Published 28 May, 2009 12:00am
US Muslim charity leader sentenced to 65 years

US Muslim charity leader sentenced to 65 years

The leader of what was once the largest Muslim charity in the United States was sentenced to 65 years in jail Wednesday for supporting Palestinian militants, in a major US-based terrorism financing case. The Texas-based Holy Land Foundation and five of it
Published 28 May, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Wednesday (May 27, 2009).

Published 28 May, 2009 12:00am
City Council urges CDGK to move Supreme Court against KESC

City Council urges CDGK to move Supreme Court against KESC

Reiterating its long standing stance on the nationalisation of Karachi Electric Supply Company (KESC) the City Council on Wednesday demanded the City District Government Karachi (CDGK) to file a petition against the KESC in Supreme Court naming Nepra also
Published 28 May, 2009 12:00am
10-year PIB cut-off yield at 12.6303 percent

10-year PIB cut-off yield at 12.6303 percent

The State Bank of Pakistan set a cut-off yield at 12.6303 percent on the government's benchmark 10-year investment bond at an auction on Wednesday. The yield was lower than the cut-off yield of 13.2409 percent set at the previous auction on April 15.
Published 28 May, 2009 12:00am
KESC approves 31 percent rights shares issue

KESC approves 31 percent rights shares issue

Karachi Electric Supply Company (KESC), in order to improve operational and financial viability and the profitability of the company, has approved issue of 31 percent right shares. In a meeting held on Wednesday the board of Directors approved the issue o
Published 28 May, 2009 12:00am
THE RUPEE: parity stays put

THE RUPEE: parity stays put

No change was seen in the rupee-dollar parity rates on the interbank market on Wednesday, the rupee overnight levels for buying and selling holding at 80.55 and 80.60, marketmen said. Dollar selling in the market eased pressure over the rupee as the rupee
Published 28 May, 2009 12:00am