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Print - 2009-06-06
Malik denies reports about Fazlullah's killing, Sufis' arrest

Malik denies reports about Fazlullah's killing, Sufis' arrest

Interior Minister Rehman Malik on Friday denied the reports of the killing of Maulana Fazlullha and the arrest of Maulana Sufi Muhammad by security forces in the ongoing military operation, saying both the reports are incorrect. Talking to reporters outsi
Published 06 Jun, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (June 05, 2009).

Published 06 Jun, 2009 12:00am
Raisani, Lashkari call on Gilani

Raisani, Lashkari call on Gilani

Chief Minister Balochistan Nawab Muhammad Aslam Raeesani accompanied by President PPP Balochistan Senator Lashkari Raisani called on Prime Minister Syed Yusuf Raza Gilani here at PM House on Friday. During the meeting, they discussed matters pertaining to
Published 06 Jun, 2009 12:00am
Prolonged operation may complicate situation: senators

Prolonged operation may complicate situation: senators

Senators on Friday warned the government that prolonged military operation in Swat and Malakand division could complicate the situation that could be exploited by the enemies. The upper House, which met for 54th session set aside the agenda of the day to
Published 06 Jun, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Jun, 2009 12:00am
Malik denies reports about Fazlullah's killing, Sufis' arrest

Malik denies reports about Fazlullah's killing, Sufis' arrest

Interior Minister Rehman Malik on Friday denied the reports of the killing of Maulana Fazlullha and the arrest of Maulana Sufi Muhammad by security forces in the ongoing military operation, saying both the reports are incorrect. Talking to reporters outsi
Published 06 Jun, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Jun, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Challenges Pakistan is presently facing are too big. They cannot be overcome by superficial debate like we witnessed in the Senate on Friday. The country's crises have taken new twists and most of our parliamentarians continued this 'futile' debating exer
Published 06 Jun, 2009 12:00am
Sindh government likely to recruit 10,000 for police force

Sindh government likely to recruit 10,000 for police force

The Sindh government is likely to appoint at least 10,000 jobless youths in the police force after the presentation of the fiscal year 2009-10 budget, reliable sources told Business Recorder on Friday. They said that during his recent visit of the
Published 06 Jun, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Jun, 2009 12:00am
Holbrooke calls on Tarin

Holbrooke calls on Tarin

Richard Holbrooke, US Special Representative for Pakistan and Afghanistan called on Shaukat Tarin, Adviser to Prime Minister on Finance and Economic Affairs here on Friday. Shaukat Tarin gave a detailed briefing about the sate of Pakistan's economy and th
Published 06 Jun, 2009 12:00am
Power outages multiply woes of domestic consumers

Power outages multiply woes of domestic consumers

Prolonged power outages have multiplied the woes of domestic consumers, particularly the weakest segments of society, including patients, children and students, besides causing mental distress and nervous breakdowns among old age citizens.
Published 06 Jun, 2009 12:00am
Seminar on world environment day held

Seminar on world environment day held

Former Federal Minister for Water and Power, Engineer Tariq Hameed has said that the world's average temperature will increase by 2 degrees if steps would not be taken to reduce green house emissions resulting in the melting of glaciers, which will increa
Published 06 Jun, 2009 12:00am
Timber mafia cutting trees in Swat, Malakand

Timber mafia cutting trees in Swat, Malakand

The timber mafia, in connivance with criminal elements in Swat and Malakand area, is cutting trees at "free will" to foster deforestation in the country. This was stated by the global vice president and regional councillor of International Union for Conse
Published 06 Jun, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (June 05, 2009).

Published 06 Jun, 2009 12:00am
Three-day national mango festival inaugurated

Three-day national mango festival inaugurated

Provincial Minister for Agriculture Syed Ali Nawaz Shah said on Friday that agriculture is the backbone of the country's economy and the present government is giving greater attention to resolve the grievances of the farmers. He further said that measures
Published 06 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Friday (June 05, 2009).

Published 06 Jun, 2009 12:00am
DCO for closure of all private schools during vacations

DCO for closure of all private schools during vacations

District Co-ordination Officer (DCO) Dr Ahmad Javed Qazi has taken serious notice of so-called summer camps by private schools during summer vacations in the district. He directed EDO (education) Muhammad Hanif to ensure closure of all the summer camps in
Published 06 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Friday (June 05, 2009).

Published 06 Jun, 2009 12:00am
'Chief minister Punjab taking steps for neglected people'

'Chief minister Punjab taking steps for neglected people'

Pakistan Muslim League-Nawaz (PML-N) Overseas Central Secretary General Sheikh Kaiser Mehmood has said that Punjab Chief Minister Muhammad Shahbaz Sharif is taking steps for the progress and prosperity of neglected segments of the society. He said that Sh
Published 06 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Friday (June 05, 2009).

Published 06 Jun, 2009 12:00am
Winners of art competition on environment announced

Winners of art competition on environment announced

Pakistan Museum of Natural History (PMNH) on Friday announced winners of an art competition organised in connection with celebration of National Year of Environment-2009. The competition was organised in collaboration with Intel Pakistan on "Ideal Environ
Published 06 Jun, 2009 12:00am
BoP receives Rs 10 billion from Punjab government

BoP receives Rs 10 billion from Punjab government

The Bank of Punjab (BoP) has received Rs 10 billion from the Punjab government. It was stated in a meeting of the Board of Directors of the Bank of Punjab, held here on Friday. The Board approved the audited financial statements for the year ended Decembe
Published 06 Jun, 2009 12:00am
Complaint against land mafia

Complaint against land mafia

A group of 48 men appeared before the DCO on Friday and complained about the land mafia operating in the district. DCO Qazi Muhammad Ashfaq constituted a committee comprising Dep. Distt Officer Revenue (DDOR) Ali Akbar Bhatti, Distt Officer Co-ordination
Published 06 Jun, 2009 12:00am
Capital city police ask ministry to return vehicles

Capital city police ask ministry to return vehicles

Islamabad Police have demanded of the Interior Ministry to return 163 high speed double-cabin vehicles, purchased for patrolling in the capital but were given to high government functionaries including ministers, chairmen and Parliamentary secretaries. In
Published 06 Jun, 2009 12:00am
Parcel bomb wounds MNA, family members

Parcel bomb wounds MNA, family members

Balochistan National Party (BNP) - Awami MNA Yaqoob Bizenjo and his family were wounded on Friday when a parcel bomb exploded in the lawmaker's home in the jurisdiction of Darakhshan police station. According to police, MNA Yaqoob Bizenjo, who is residing
Published 06 Jun, 2009 12:00am
Kashmiri delegation meets Nawaz

Kashmiri delegation meets Nawaz

Kashmiri delegation led by Kashmir American Council, Executive Director Dr Ghulam Nabi Fai met with Pakistan Muslim League-Nawaz (PML-N) chief Mian Nawaz Sharif, here on Friday.
Published 06 Jun, 2009 12:00am
'Environmental degradation costing huge loss to economy'

'Environmental degradation costing huge loss to economy'

Environmental degradation is costing huge loss to Pakistan's economy besides effecting personal life of its inhabitants, and it is responsibility of every institution and individual to play role to save the ecological system. This was the consensus of the
Published 06 Jun, 2009 12:00am
THE RUPEE: dollar recovers

THE RUPEE: dollar recovers

The rupee failed to retain its firmness against dollar on the interbank market on Friday, falling 14 paisa for buying at 80.80 and lost 11 paisa for selling at 80.85 in process of trading, dealers said. Tight supply position of dollars pushed the rupee do
Published 06 Jun, 2009 12:00am
Explosives seized from Kohat-bound mini-truck

Explosives seized from Kohat-bound mini-truck

Explosives were seized from a Kohat-bound mini-truck near here on Friday. DSP Mahr Javed Iqbal told newsmen that a mini-truck (FDZ-9911) of Al-Fazal Company Rawalpindi, loaded with about 40 kiligram of explosives, was on its way from Karachi to Kohat when
Published 06 Jun, 2009 12:00am
THE RUPEE: dollar recovers

THE RUPEE: dollar recovers

The rupee failed to retain its firmness against dollar on the interbank market on Friday, falling 14 paisa for buying at 80.80 and lost 11 paisa for selling at 80.85 in process of trading, dealers said. Tight supply position of dollars pushed the rupee do
Published 06 Jun, 2009 12:00am
Bangladesh media team visits PTV Headquarters

Bangladesh media team visits PTV Headquarters

A high-level media delegation of Bangladesh had a meeting with PTV's top management, at PTV Headquarters, here on Friday. PTV's delegation was headed by its Managing Director Arshad Khan who met with his counterpart Rasheed Naz along with his 10 member me
Published 06 Jun, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 05, 2009).

Published 06 Jun, 2009 12:00am
Apacc accredits CTTI

Apacc accredits CTTI

National Vocational and Technical Education Commission, (Navtec) has achieved the first milestone by getting Construction Training Technology Institute (CTTI), Islamabad accredited with Asia Pacific Accreditation and Certification Commission (Apacc).
Published 06 Jun, 2009 12:00am
Government urged to safeguard local investments

Government urged to safeguard local investments

The Pakistan Industrial and Traders Association Front (PIAF) has urged the government to take urgent and immediate measures to safeguard local investments rather than attaching high hopes to foreign investment. Due to deteriorating law and order situation
Published 06 Jun, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 05, 2009).

Published 06 Jun, 2009 12:00am
Thousands inactive pre-1995 NTNs to be deleted

Thousands inactive pre-1995 NTNs to be deleted

The Federal Board of Revenue (FBR) has decided to delete thousands of inactive National Tax Numbers (NTNs) issued up to 1995 where NTN holders have failed to file their income tax returns. Sources told Business Recorder on Friday that there is a hu
Published 06 Jun, 2009 12:00am
Days of terrorists are numbered: Iftikhar

Days of terrorists are numbered: Iftikhar

NWFP Minister for Information and Public Relations, Mian Iftikhar Hussain has assured the victims of Malakand Division that the days of terrorists are numbered and the victims will soon be returned to their homes peacefully. He said that the government an
Published 06 Jun, 2009 12:00am
Saifullah elected KCAA President

Saifullah elected KCAA President

Customs Agents Alliance Panel has won the Karachi Customs Agents elections 2009. Saifullah Khan and Khurram Ijaz have been elected as President and General Secretary of the Karachi Customs Agents Association (KCAA) respectively.
Published 06 Jun, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 05, 2009).

Published 06 Jun, 2009 12:00am
Samsung Star launched

Samsung Star launched

Samsung Electronics Co Ltd, a leading mobile phone provider, on Friday launched its latest full touch screen mobile phone Samsung Star (S5233). With this extremely cost competitive product, Samsung is able to enhance its position as a leading player in th
Published 06 Jun, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 05, 2009).

Published 06 Jun, 2009 12:00am
Telenor implements 'Green' communications

Telenor implements 'Green' communications

Telenor, Pakistan's fastest-growing mobile service provider, has teamed up with Nokia Siemens Networks to implement an energy efficient GSM network that will enable the communication service provider (CSP) to reduce its energy consumption by 50 percent.
Published 06 Jun, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (June 05, 2009) and for Saturday (June 06, 2009).
Published 06 Jun, 2009 12:00am
Funds for Balochistan show PPP government means business: minister

Funds for Balochistan show PPP government means business: minister

Major allocations of funds for Balochistan in Public Sector Development Programme (PSDP) shows Pakistan People's Party (PPP) led-government's commitment towards resolving problems of the province, Federal Minister for Population Welfare Dr Firdous Ashiq A
Published 06 Jun, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 06 Jun, 2009 12:00am
Call for addressing environmental issues on war footing

Call for addressing environmental issues on war footing

Senior Political Assistant to Chief Minister Punjab, Muhammad Pervez Malik has called for taking measures on war footing basis to check rapidly increasing environmental pollution, as environmental issues may hamper the country's economy.
Published 06 Jun, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 05, 2009).

Published 06 Jun, 2009 12:00am
Industrialists strongly react against EPA notices

Industrialists strongly react against EPA notices

Industrialists of Site industrial area have reacted sharply over the notices issued by the Environmental Protection Agency (EPA), Sindh, for non-compliance of National Environmental Quality Standards (NEQs).
Published 06 Jun, 2009 12:00am
The Weather

The Weather

The weather report on Friday (June 05, 2009) and the forecast for Saturday (June 06, 2009).

Published 06 Jun, 2009 12:00am
Progas terminal handles another LPG cargo

Progas terminal handles another LPG cargo

A large Liquefied Petroleum Gas (LPG) carrier ship, bringing cargo for a multinational company; docked at the Progas LPG Terminal on Tuesday. According to a press release issued here on Friday, this is yet another parcel of LPG to be handled by the Progas
Published 06 Jun, 2009 12:00am
'Country unlikely to meet $22.1 billion exports target'

'Country unlikely to meet $22.1 billion exports target'

Traders firmly believe that the country $22.1 billion exports' target for the current fiscal will likely fall short by at least 15 percent (likely to reach $18 billion by June 30) only because of the persistent power and gas shortage, soaring input cost,
Published 06 Jun, 2009 12:00am
PIDE Business Barometer launched

PIDE Business Barometer launched

Pakistan Institute of Development Economics (PIDE) Business Barometer, regarding their business activity, prices faced and constraints encountered was launched on Thursday by PIDE. The latest issue of barometer covers the expectations of the firms' for th
Published 06 Jun, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 06 Jun, 2009 12:00am
Education imperative for peace, prosperity: Bijarani

Education imperative for peace, prosperity: Bijarani

Federal Minister for Education, Mir Hazar Khan Bijarani on Friday termed education as essential for creating peace and democratic stability in the country and lead the nation towards progress and prosperity. He was addressing the certificate distribution
Published 06 Jun, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (June 05, 2009).

Published 06 Jun, 2009 12:00am
PRSP playing vital role in strengthening livestock sector

PRSP playing vital role in strengthening livestock sector

Punjab Rural Support Programme (PRSP), Sahiwal Regional General Manager, Malik Niaz Hussain said that PRSP is playing a vital role in strengthening of livestock extension services at grass-root level across the Punjab.
Published 06 Jun, 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 day's closes in brackets).

Published 06 Jun, 2009 12:00am
Faysal Bank sponsors Banking Chair at IBA

Faysal Bank sponsors Banking Chair at IBA

Faysal Bank Limited and Institute of Business Administration, Karachi (IBA) signed a Memorandum of Understanding by virtue of which Faysal Bank will contribute Rs 50 million towards the sponsorship of one academic chair in the IBA's Executive MBA - Bankin
Published 06 Jun, 2009 12:00am
Chief minister Punjab urges stronger economic ties with Iran

Chief minister Punjab urges stronger economic ties with Iran

Co-operation in economic and trade sectors, law and order situation in the region as well as matters of mutual interest were discussed in the meeting between Iranian Ambassador in Pakistan, Mashallah Shakrie and Punjab Chief Minister, Muhammad Shahbaz Sha
Published 06 Jun, 2009 12:00am
Wateen holds countrywide road show

Wateen holds countrywide road show

Wateen conducted a countrywide road show introducing customers to their product and service portfolio. During the events which took place in Karachi, Lahore and Islamabad, the company's senior management presented demonstrations about Wateen's Data, Voice
Published 06 Jun, 2009 12:00am
Not out of the woods yet

Not out of the woods yet

Pakistan has been able to attain a semblance of macroeconomic stability but underlying weaknesses in some key areas still persist and complacency, therefore, must be avoided. This is the message conveyed by the State Bank of Pakistan (SBP) in its latest q
Published 06 Jun, 2009 12:00am
Capital Gains Tax: Tinkering with investment and growth

Capital Gains Tax: Tinkering with investment and growth

The Federal Budget 2009-10 is round the corner. Two of the major signals emanating from the Fiscal Policy makers camp ahead of the budget announcement are as amusing as they are amazing. While capital gains from stock market might be considered for taxati
Published 06 Jun, 2009 12:00am
Obama's daring thoughts

Obama's daring thoughts

President Obama came this Thursday to fabled Cairo to 'sell' America and he did sell, largely thanks to his eloquence, his sense of history and his unspoken confession that the Muslim world has been deeply wronged by the United States. He promised a new b
Published 06 Jun, 2009 12:00am
Mobile banking - the customer reach and convenience mantra

Mobile banking - the customer reach and convenience mantra

The notion that mobile phones have brought a lot of freedom, knowledge and economic benefits to the masses is now an established fact. The experience of remaining connected and exchanging know-how of markets and quickly learning to change business arrange
Published 06 Jun, 2009 12:00am
Afghan patience wanes as conflict escalates

Afghan patience wanes as conflict escalates

"Afghanistan received billions of dollars for reconstruction, but teachers here had no salary in five months, and we have no health care - it's like we are living in a coma," a Pashtun elder complained to US military officers to murmurs of agreement from
Published 06 Jun, 2009 12:00am
Thank you, Mr Minister

Thank you, Mr Minister

Ever since the PPP government came into power after general election held in February 2008, the people have been in for trouble and more trouble one after the other in an unending manner.
Published 06 Jun, 2009 12:00am
NIC mandatory for visit to government offices

NIC mandatory for visit to government offices

The Punjab government has made it mandatory for visitors to display their National Identity Cards (NIC) before entering any government or semi-government departments. According to sources, the government has directed all the departments to check NICs of c
Published 06 Jun, 2009 12:00am
Mr Barack Obama

Mr Barack Obama

Sir, you have been very emphatic to be the greatest admirer of Abraham Lincoln and follower of his principles and practices during your first 100 days in the White House. As a proof of your allegiance, you even took oath on the Bible once owned by that sa
Published 06 Jun, 2009 12:00am
Pakistan wants stable Afghanistan: Mukhtar

Pakistan wants stable Afghanistan: Mukhtar

Defence Minister Ahmed Mukhtar said on Friday that Pakistan wants stable Afghanistan. Talking to a private TV channel, he said, Pakistan wants stability in Afghanistan and hoped that the Afghan government enjoy full writ across the Afghanistan. "Stable Af
Published 06 Jun, 2009 12:00am
Sports goods manufacturers: government urged to provide R&D support

Sports goods manufacturers: government urged to provide R&D support

Pakistan Sports Goods Manufacturers and Exporters Association has urged the government to take effective steps for reducing cost of production, and also provide research and development support to help them cope with the effects of global economic slowdow
Published 06 Jun, 2009 12:00am
Fazl terms Obama's address a positive step

Fazl terms Obama's address a positive step

Ameer Jamiat Ulema-e-Islam (JUI-F) Maulana Fazl-ur-Rehman on Friday termed the address of US President Barack Obama to the Muslim World as a positive step, saying that the Muslim Ummah is awaiting the practical implementation over the policies announced b
Published 06 Jun, 2009 12:00am
Minister stresses equal opportunities for special children

Minister stresses equal opportunities for special children

The special children should be provided with equal opportunities to make headway in the society. This was stressed by Sindh Minister for Information Shazia Marri, while speaking as chief guest at the prize distribution ceremony at a school for the deaf he
Published 06 Jun, 2009 12:00am
Allottees defying rules: AJK government decides to cancel plots

Allottees defying rules: AJK government decides to cancel plots

Azad Jammu and Kashmir (AJK) government has decided in principle to cancel the allotment of all those industrial plots, located in various AJK industrial estates including in Mirpur and Bhimbher districts, whom allottees have defied the prevalent rules, o
Published 06 Jun, 2009 12:00am
Smoking at public parks goes unchecked

Smoking at public parks goes unchecked

Smoking at public parks in the twin cities of Islamabad and Rawalpindi goes on unchecked in defiance of official restrictions. People, especially youth, are seen smoking at places like Lake View, Damn-e-Koh and Pir Sohawa retreat. Talking to APP, Muhammad
Published 06 Jun, 2009 12:00am
Pakistan joins International Renewable Energy Agency

Pakistan joins International Renewable Energy Agency

Pakistan has become a signatory of International Renewable Energy Agency (IRENA) along with other 87 countries of the world. The Ambassador of Pakistan to Germany Shahid Kamal signed the statute of the International Renewable Energy Agency on behalf of th
Published 06 Jun, 2009 12:00am
US urged to sign FTA with Pakistan

US urged to sign FTA with Pakistan

Former Punjab Minister for Industries and ex-President of Multan Chamber of Commerce & Industry(MCCI) Khawaja Muhammad Jalaluddin Roomi called upon the US administration to sign a free-trade agreement (FTA) with Pakistan and grant it free access to Americ
Published 06 Jun, 2009 12:00am
Power shortfall exceeds 3,000 megawatts

Power shortfall exceeds 3,000 megawatts

Countrywide power shortfall has exceeded 3000 megawatt, while the plight of the citizens in all the cities is worsening due to the unbearable unannounced electricity load shedding. Despite Pepco promise, load shedding schedule remains as yet unannounced,
Published 06 Jun, 2009 12:00am
Ulema welcome speech of Obama

Ulema welcome speech of Obama

Various Ulema belonging to different schools of thoughts have welcomed the speech of US President Barrack Obama in Cairo and hoped it could help bridge gap between the Muslim Ummah and the United States.
Published 06 Jun, 2009 12:00am
'Pakistan will continue supporting Kashmiris'

'Pakistan will continue supporting Kashmiris'

Pakistan will continue its support for the Kashmiri people in their just struggle and will not leave them in lurch. Chairman Parliamentary Kashmir Committee, Maulana Fazl-ur-Rahman, assured the Kashmiri leaders, who called on him under the leadership of D
Published 06 Jun, 2009 12:00am