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Print - 2009-06-23
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 22, 2009).
Published 23 Jun, 2009 12:00am
Iran Revolutionary Guards threaten crackdown on street protests

Iran Revolutionary Guards threaten crackdown on street protests

Iran's Revolutionary Guards threatened on Monday to crush demonstrations, after opposition leader Mirhossein Mousavi urged supporters to pursue their protests over a disputed presidential election. Shouts of "Allahu Akbar" (God is Greatest) again reverber
Published 23 Jun, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 22, 2009).

Published 23 Jun, 2009 12:00am
Iran Revolutionary Guards threaten crackdown on street protests

Iran Revolutionary Guards threaten crackdown on street protests

Iran's Revolutionary Guards threatened on Monday to crush demonstrations, after opposition leader Mirhossein Mousavi urged supporters to pursue their protests over a disputed presidential election. Shouts of "Allahu Akbar" (God is Greatest) again reverber
Published 23 Jun, 2009 12:00am
0.7 million tonnes of urea to be imported

0.7 million tonnes of urea to be imported

Federal Minister for Industries, Mian Manzoor Ahmad Khan Watto, has said that the government is importing 0.7 million tonnes of Urea to meet the fertiliser shortage in the country. He was talking to newsmen after presiding over a meeting held in connectio
Published 23 Jun, 2009 12:00am
IMF says carbon tax was Pakistan''''s own decision

IMF says carbon tax was Pakistan''''s own decision

The imposition of fixed carbon surcharge on petroleum products was Pakistan''''s own decision to generate revenue and the International Monetary Fund (IMF) had no such conditionality attached to its multi-tranche assistance. Resident chief of the Fund in
Published 23 Jun, 2009 12:00am
IMF says carbon tax was Pakistan''s own decision

IMF says carbon tax was Pakistan''s own decision

The imposition of fixed carbon surcharge on petroleum products was Pakistan''s own decision to generate revenue and the International Monetary Fund (IMF) had no such conditionality attached to its multi-tranche assistance. Resident chief of the Fund in Pa
Published 23 Jun, 2009 12:00am
IMF says carbon tax was Pakistan's own decision

IMF says carbon tax was Pakistan's own decision

The imposition of fixed carbon surcharge on petroleum products was Pakistan's own decision to generate revenue and the International Monetary Fund (IMF) had no such conditionality attached to its multi-tranche assistance. Resident chief of the Fund in Pak
Published 23 Jun, 2009 12:00am
IMF says carbon tax was Pakistan's own decision

IMF says carbon tax was Pakistan's own decision

The imposition of fixed carbon surcharge on petroleum products was Pakistan's own decision to generate revenue and the International Monetary Fund (IMF) had no such conditionality attached to its multi-tranche assistance. Resident chief of the Fund in Pak
Published 23 Jun, 2009 12:00am
Russia wants to enhance strategic relationship with Pakistan

Russia wants to enhance strategic relationship with Pakistan

Chief of Army Staff (COAS) General Ashfaq Parvez Kayani, who is on an official visit to Russia on Monday met General Vladimir Boldyrev, Commander-in-Chief Russian ground forces. During meeting the matters of professional interest with particular reference
Published 23 Jun, 2009 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (June 22, 2009).

Published 23 Jun, 2009 12:00am
Thousands flee South Waziristan

Thousands flee South Waziristan

Up to 45,000 people have left their homes in a tribal district bordering Afghanistan, many fearing a military offensive against Taliban warlord Baitullah Mehsud, an official said Monday. Fighter jets were pounding Mehsud's strongholds in South Waziristan,
Published 23 Jun, 2009 12:00am
Thousands flee South Waziristan

Thousands flee South Waziristan

Up to 45,000 people have left their homes in a tribal district bordering Afghanistan, many fearing a military offensive against Taliban warlord Baitullah Mehsud, an official said Monday. Fighter jets were pounding Mehsud's strongholds in South Waziristan,
Published 23 Jun, 2009 12:00am
KSE board members to meet Tarin in Islamabad today

KSE board members to meet Tarin in Islamabad today

The members of the board of directors of Karachi Stock Exchange (KSE) are scheduled to meet the Advisor to Prime Minister on Finance, Shaukat Tarin, on Tuesday in Islamabad to discuss various issues regarding imposition of federal excise duty (FED) on bro
Published 23 Jun, 2009 12:00am
KSE board members to meet Tarin in Islamabad today

KSE board members to meet Tarin in Islamabad today

The members of the board of directors of Karachi Stock Exchange (KSE) are scheduled to meet the Advisor to Prime Minister on Finance, Shaukat Tarin, on Tuesday in Islamabad to discuss various issues regarding imposition of federal excise duty (FED) on bro
Published 23 Jun, 2009 12:00am
KSE board members to meet Tarin in Islamabad today

KSE board members to meet Tarin in Islamabad today

The members of the board of directors of Karachi Stock Exchange (KSE) are scheduled to meet the Advisor to Prime Minister on Finance, Shaukat Tarin, on Tuesday in Islamabad to discuss various issues regarding imposition of federal excise duty (FED) on bro
Published 23 Jun, 2009 12:00am
LHC asks police about erecting wall at park's gate

LHC asks police about erecting wall at park's gate

The Lahore High Court on Monday asked the local police to apprise it of the law under which they have erected wall at the entry gate of Race Course Park facing GOR-I. The court further asked AIG Legal, present in the court, whether they also erected walls
Published 23 Jun, 2009 12:00am
IHC warns CDA official to remove garbage or face consequences

IHC warns CDA official to remove garbage or face consequences

The Islamabad High Court here Monday warned the Capital Development Authority official to remove the litter dumping site around sectors H-10 and G-10 immediately or to face legal consequences. The single bench of Justice Mohammad Ramzan Chaudhry in his or
Published 23 Jun, 2009 12:00am
Pepco provokes public anger by unscheduled load shedding again

Pepco provokes public anger by unscheduled load shedding again

An unannounced and sudden increase in load shedding has invited public curse for Pakistan Electric Power Company (Pepco), as the power deficit has crossed over 3500 MW against Pepco claim of 2339 MW. Repeated power breakdowns have made the lives of many p
Published 23 Jun, 2009 12:00am
Pepco focuses on customer relationship management

Pepco focuses on customer relationship management

Pakistan Electric Power Company (Pepco) has devised a comprehensive plan for executing customer relationship management programme. According to a statement on Monday, the Pepco had issued a directive to its distribution companies to extend maximum custome
Published 23 Jun, 2009 12:00am
Concern over impact of war on terror on national economy

Concern over impact of war on terror on national economy

Senate Standing Committee on Interior Chairman Senator Talha Mehmood has urged the Federal government to bring the ongoing war on terror to an immediate end as it has overburdened Pakistan under heavy foreign debts. "Every Pakistani is living under the bu
Published 23 Jun, 2009 12:00am
Proposed increase in power tariff to overburden industry: Piaf

Proposed increase in power tariff to overburden industry: Piaf

The Pakistan Industrial and Traders Associations Front (Piaf) has urged the government to do away with the decision of 17 percent increase in the electricity tariff as any further raise in power tariff will not only put extra burden on already crisis-hit
Published 23 Jun, 2009 12:00am
UC Nazim among three killed in Quetta

UC Nazim among three killed in Quetta

A local Union Council Nazim among three people was gunned down and two others were injured in a firing incident in Quetta on Monday, Aaj TV reported. According to the channel, unknown miscreants sprayed bullets on local UC Nazim Talib Agha at Fatim
Published 23 Jun, 2009 12:00am
Masood Ali Khan donates income from his book to charity school

Masood Ali Khan donates income from his book to charity school

Collection of short stories written by Masood Ali Khan has just been published and income from sale of its first edition has already been donated to a school being run in Lahore by a charitable organisation setting up an appreciable example for others to
Published 23 Jun, 2009 12:00am
Supply of adulterated milk: LHC postpones hearing till June 30

Supply of adulterated milk: LHC postpones hearing till June 30

Lahore High Court on Friday postponed the hearing proceedings till June 30 in a petition against supply of adulterated milk as Punjab University (PU) counsel sought time to submit PU report about milk. The petition was filed by Dr Muhammad Yaqoob Bhatti,
Published 23 Jun, 2009 12:00am
CCP holds hearing on show cause notice to DCL

CCP holds hearing on show cause notice to DCL

The Competition Commission of Pakistan (CCP) held hearings in Karachi on June 17th on the show cause notices issued to Dawood Corporation Pvt Limited (DCL) on it's acquisition of shares of Dawood Lawrencepur Limited and Central Insurance Company Limited.
Published 23 Jun, 2009 12:00am
UVAS role in uplift of livestock sector lauded

UVAS role in uplift of livestock sector lauded

Advisor on Quality Assurance Higher Education Commission (HEC) Professor Dr Riaz Hussain Qureshi has said the University of Veterinary and Animal Sciences (UVAS) is playing a key role in the development of livestock sector.
Published 23 Jun, 2009 12:00am
Sugar mill-owners warned to clear growers' dues

Sugar mill-owners warned to clear growers' dues

The Punjab government has decided to get registered cases and also take stern action against the sugar mills defaulting payments to sugarcane growers and asked all commissioners, district co-ordination officers and regional police officers concerned to he
Published 23 Jun, 2009 12:00am
'Federal and provincial budgets show measly approach towards education'

'Federal and provincial budgets show measly approach towards education'

Education should be top priority of the nation, and it should be duly reflected in the allocation of resources for the education sector. However, the proposed federal and provincial budgets 2009-10 show a measly approach towards education. These views wer
Published 23 Jun, 2009 12:00am
Opposition's criticism on budget unjustified: Kaira

Opposition's criticism on budget unjustified: Kaira

Federal Minister for Information Qamar Zaman Kaira Monday said the Prime Minister on the demand of NWFP government has earmarked Rs 25 billion for the provincial government to strengthen the civil and law enforcement agencies in next two years.
Published 23 Jun, 2009 12:00am
PPP MNA levels corruption charges against government

PPP MNA levels corruption charges against government

A Pakistan People's Party lawmaker from Peshawar on Monday stunned the National Assembly by levelling corruption charges against his own government, claiming that all government departments had been taking 16 percent commission on development projects.
Published 23 Jun, 2009 12:00am
Dr Amjad Saeed awarded fellowship by ICMA of Sri Lanka

Dr Amjad Saeed awarded fellowship by ICMA of Sri Lanka

The Institute of Certified Management Accountants (CMA) of Sri Lanka has admitted Punjab University Hailey College of Banking and Finance Principal Professor Dr Khawja Amjad Saeed as Fellow Member of the Institute of Certified Management Accountants of Sr
Published 23 Jun, 2009 12:00am
Senior officers hold open courts to redress public grievances

Senior officers hold open courts to redress public grievances

In pursuance of directions of Punjab Chief Minister, senior officials of the provincial government continue to hold open courts in a bid to redress the public grievances. Chief Minister Mian Shahbaz Sharif directed the senior officers of different departm
Published 23 Jun, 2009 12:00am
Punjab government to curtail non-developmental expenditures: Shahbaz

Punjab government to curtail non-developmental expenditures: Shahbaz

The Punjab government has devised an action plan to curtail non-developmental expenditures to allocate maximum resources for the welfare of poor masses. The Punjab Chief Minister, Muhammad Shahbaz Sharif, said this while talking to members of Punjab Assem
Published 23 Jun, 2009 12:00am
Services of NAB court's judges terminated under NJP, LHC informed

Services of NAB court's judges terminated under NJP, LHC informed

The government is bound to follow the Supreme Court orders and termination from services of three judges of Lahore accountability courts is the outcome of the National Judicial Policy (NJP), Lahore High Court (LHC) was informed the Law Ministry on Monday.
Published 23 Jun, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Jun, 2009 12:00am
Opposition criticises raise in LEAs' funds

Opposition criticises raise in LEAs' funds

The opposition benches came hard on the Punjab government for failing to fulfil its commitments made in the Punjab Budget 2008-09 and they believed that under utilisation of Annual Development Programme (ADP) for the ongoing fiscal year tantamount to bad
Published 23 Jun, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (June 22, 2009).

Published 23 Jun, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

It is assumed that corruption is, perhaps, the most serious problem the governance system of our country is grappling with. No country in this world could claim to be corruption-free. But, Pakistan's case, in this regard, is taken seriously these days as
Published 23 Jun, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Jun, 2009 12:00am
PAF airlifts relief goods for IDPs

PAF airlifts relief goods for IDPs

On the instructions of Air Chief Marshal Rao Qamar Suleman, Chief of the Air Staff, Pakistan Air Force, a C-130 aircraft airlifted relief goods, donated by the personnel of Pakistan Air Force, from PAF Base, Faisal (Karachi) to PAF Academy, Risalpur on Mo
Published 23 Jun, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 23 Jun, 2009 12:00am
'Meezan Labbaik' launched

'Meezan Labbaik' launched

Meezan Bank Limited on Monday launched a new product 'Meezan Labbaik' to facilitate customers in performing Hajj and Umrah and pilgrimage of holy places of Makkah and Madinah with comfort and peace of mind.
Published 23 Jun, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Jun, 2009 12:00am
JCR-VIS maintains entity ratings of Meezan Bank Limited

JCR-VIS maintains entity ratings of Meezan Bank Limited

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has maintained entity ratings of Meezan Bank Limited (MBL) at 'A+ /A-1' (Single A Plus/A-One). Outlook on the medium to long-term rating has been revised from 'Stable' to 'Positive' in view of favourable trends witne
Published 23 Jun, 2009 12:00am
JCR-VIS maintains entity ratings of Meezan Bank Limited

JCR-VIS maintains entity ratings of Meezan Bank Limited

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has maintained entity ratings of Meezan Bank Limited (MBL) at 'A+ /A-1' (Single A Plus/A-One). Outlook on the medium to long-term rating has been revised from 'Stable' to 'Positive' in view of favourable trends witne
Published 23 Jun, 2009 12:00am