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Jan 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-07-11
LSE index up 12.78 points

LSE index up 12.78 points

The oil sector led the equities up amid bullish sentiment on Lahore Stock Exchange on Friday mainly on account of the Presidential Ordinance that was promulgated on Thursday to make significant increase in oil prices. The LSE-25 index rose by 12.78 points
Published 11 Jul, 2009 12:00am
Jamaat-i-Islami and transporters' demonstrations assail POL Ordinance

Jamaat-i-Islami and transporters' demonstrations assail POL Ordinance

Jamaat-i-Islami and transporters on Friday staged separate protest demonstrations against increase in the prices of petroleum products through a Presidential Ordinance. Jamaat-i-Islami organised its rally at Peshawar Press Club. Shabbir Ahmad Khan, a form
Published 11 Jul, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 10, 2009).

Published 11 Jul, 2009 12:00am
Imran condemns Presidential Ordinance

Imran condemns Presidential Ordinance

Chairman Pakistan Tehrik Insaf (PTI) Imran Khan, on Friday, said that if the rulers were truly sincere with the masses, they would try to rid the nation of corruption, especially in governmental departments. Addressing hundreds of protesters in a demonstr
Published 11 Jul, 2009 12:00am
Chinese police break up Xinjiang protest

Chinese police break up Xinjiang protest

Chinese riot police broke up a small demonstration by Uighurs leaving Friday prayers in a Muslim Uighur neighbourhood of Urumqi, arresting several who were taken away with hands above their heads. The action came as the United States urged Chinese leaders
Published 11 Jul, 2009 12:00am
German lawmakers approve 'bad bank' scheme

German lawmakers approve 'bad bank' scheme

A German bill enabling the creation of "bad banks" to help commercial and state-owned banks recover from the financial crisis cleared its final hurdle Friday with a vote in parliament's upper house. Bank owners would pay for the costs of the measures, whi
Published 11 Jul, 2009 12:00am
US signs up to participate in Shanghai's World exposition

US signs up to participate in Shanghai's World exposition

The United States signed up Friday the 2010 Shanghai World Expo, officials said, making it the last major country with diplomatic ties to China to join the event. A total of 192 countries have committed to the biggest-ever World Expo, running from May to
Published 11 Jul, 2009 12:00am
ISE index gains 10.05 points

ISE index gains 10.05 points

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) on Friday where equities showed positive sign under the lead of trend-setters' amid increase in index. ISE-10 Index showed an increase of 10.05 points from 1791.89 points to 1801.94 points.
Published 11 Jul, 2009 12:00am
ISE index gains 10.05 points

ISE index gains 10.05 points

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) on Friday where equities showed positive sign under the lead of trend-setters' amid increase in index. ISE-10 Index showed an increase of 10.05 points from 1791.89 points to 1801.94 points.
Published 11 Jul, 2009 12:00am
Punjab Cabinet approves Local Government Act

Punjab Cabinet approves Local Government Act

The Punjab Cabinet on Friday gave approval to Local Government Act and amendments to Punjab Power Generation Policy 2006, and also reviewed law and order situation in the province and the policy devised for the elimination of terrorism. The Punjab Cabinet
Published 11 Jul, 2009 12:00am
Monsoon rains likely from Monday

Monsoon rains likely from Monday

Monsoon activity is likely to increase with moderate to heavy rain falls over most parts of the country for three days from Monday, Meteorological department said here on Friday. In its Pakistan Weather Outlook report, the department said that monsoon cur
Published 11 Jul, 2009 12:00am
The bane of racing cotton prices

The bane of racing cotton prices

The recent surge in domestic cotton prices has become quite alarming, considering that its biggest consumer, textile industry, is nearly shambling on the rocks. After bottoming out in third quarter FY09, cotton prices started galloping northwards - rising
Published 11 Jul, 2009 12:00am
The bane of racing cotton prices

The bane of racing cotton prices

The recent surge in domestic cotton prices has become quite alarming, considering that its biggest consumer, textile industry, is nearly shambling on the rocks. After bottoming out in third quarter FY09, cotton prices started galloping northwards - rising
Published 11 Jul, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (July 10, 2009).

Published 11 Jul, 2009 12:00am
The bane of racing cotton prices

The bane of racing cotton prices

The recent surge in domestic cotton prices has become quite alarming, considering that its biggest consumer, textile industry, is nearly shambling on the rocks. After bottoming out in third quarter FY09, cotton prices started galloping northwards - rising
Published 11 Jul, 2009 12:00am
Gilani directs formulation of labour policy

Gilani directs formulation of labour policy

Prime Minister Syed Yusuf Raza Gilani on Friday directed the Ministry of Labour and Manpower to formulate a comprehensive labour policy with a clear vision and operational plan for exploiting human resource. The Prime Minister during his visit to the mini
Published 11 Jul, 2009 12:00am
LHCBA elections today

LHCBA elections today

Lahore High Court Bar Association elections will be held as per schedule on July 11 (today) according to February 28, 2009 voters list, said secretary bar Muqtadar Shabir Akhtar. Talking to the newsmen here Muqtadar said polling will start at 9.00 am with
Published 11 Jul, 2009 12:00am
Protest demonstration against PTV officials

Protest demonstration against PTV officials

All PTV Employees and Workers Union has demanded of the government to remove top officials of PTV. President PTV employees' union Jahangeer Khan addressing a protest rally here on Friday outside the national press club alleged that due to negligence of th
Published 11 Jul, 2009 12:00am
Remarks attributed to director general ISPR denied

Remarks attributed to director general ISPR denied

A spokesman of ISPR Friday strongly denied the remarks attributed to the Director General ISPR in an interview with CNN stating that Pakistan military is in contact with Taliban leader Mullah Omar and it can bring him and other commanders to the negotiati
Published 11 Jul, 2009 12:00am
Massive flow of funds necessary to resettle IDPs: Zardari

Massive flow of funds necessary to resettle IDPs: Zardari

President Asif Ali Zardari has sought international community's generous support for rehabilitation of internally displaced persons (IDPs) saying that massive flow of global funds is necessary to undertake the 2nd phase of IDPs' rehabilitation.
Published 11 Jul, 2009 12:00am
Three militants killed, 26 arrested in Malakand

Three militants killed, 26 arrested in Malakand

Security forces had unearthed and destroyed seven tunnels, eight hideouts and a training camp of terrorists during the operation in Badar and Sar areas of Swat valley, said a spokesman of Inter-Services Public Relations (ISPR) here on Friday.
Published 11 Jul, 2009 12:00am
Three Air Commodores promoted to AVM rank

Three Air Commodores promoted to AVM rank

The Government of Pakistan has promoted Air Commodore Sohail Aman, Air Commodore Syed Razi Nawab and Air Commodore Syed Hassan Raza to the rank of Air Vice Marshal, a news release of Director Public Relation (Air) here Friday said. According to press rele
Published 11 Jul, 2009 12:00am
Raisani, Wattoo discuss Gwadar port

Raisani, Wattoo discuss Gwadar port

Chief Minister Balochistan Nawab Aslam Raisani on Friday called on the Minister for Industries and Production, Mian Manzoor Ahmed Wattoo and discussed issues related to Gwadar Port. Raisani who spend most his time in the federal capital instead of Quetta,
Published 11 Jul, 2009 12:00am
Zardari under fire on promulgation of ordinance

Zardari under fire on promulgation of ordinance

President Asif Ali Zardari remained under fire in the provincial metropolis over the promulgation of the Ordinance increasing the prices of petroleum products in the country. Transporters and a religio-political party staged separate protest-demonstration
Published 11 Jul, 2009 12:00am
Government scheme: today last date for filing Hajj applications

Government scheme: today last date for filing Hajj applications

The banks have so far received an estimated 13,000 applications from the intending pilgrims against quota of 80,000 reserved for Hajj under government scheme while July 11 (Saturday) is the last date for filing applications.
Published 11 Jul, 2009 12:00am
Pak-Libya firm maintained long, short terms ratings

Pak-Libya firm maintained long, short terms ratings

Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term ratings of Pak-Libya Holding Company (Pvt) Limited at "AA-" (double A minus) and at "A1" (A one plus) respectively, says a press release. These ratings denote a very low exp
Published 11 Jul, 2009 12:00am
Pak-Libya firm maintained long, short terms ratings

Pak-Libya firm maintained long, short terms ratings

Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term ratings of Pak-Libya Holding Company (Pvt) Limited at "AA-" (double A minus) and at "A1" (A one plus) respectively, says a press release. These ratings denote a very low exp
Published 11 Jul, 2009 12:00am
Businessmen term Presidential Ordinance mini budget

Businessmen term Presidential Ordinance mini budget

Business community has sharply reacted to fresh increase of petroleum products prices through presidential ordinance and termed it a mini budget. They urged the government to withdraw fresh increase in petroleum product prices and bring it bank to previou
Published 11 Jul, 2009 12:00am
KCCI chief for effective utilisation of FTA with Sri Lanka

KCCI chief for effective utilisation of FTA with Sri Lanka

Pakistan-Sri Lanka bilateral trade should be enhanced by identifying more potential products and effective utilisation of FTA between the two countries. These views were expressed by Anjum Nisar, President, Karachi Chamber of Commerce and Industry and V.
Published 11 Jul, 2009 12:00am
HBL Income Fund declares final dividend

HBL Income Fund declares final dividend

The Board of Directors of HBL Asset Management Limited, the Management Company of HBL Income Fund, (the fund), in its meeting held on July 7, 2009 announced final distribution for the year ended June 30, 2009. The board has approved Final Dividend at Rs 2
Published 11 Jul, 2009 12:00am
HBL Income Fund declares final dividend

HBL Income Fund declares final dividend

The Board of Directors of HBL Asset Management Limited, the Management Company of HBL Income Fund, (the fund), in its meeting held on July 7, 2009 announced final distribution for the year ended June 30, 2009. The board has approved Final Dividend at Rs 2
Published 11 Jul, 2009 12:00am
Alka inks technology pact with SAP

Alka inks technology pact with SAP

Alka (Pvt) Ltd, a leading producer of speciality chemicals for textiles in Pakistan and SAP Pakistan has entered into a technology agreement to deploy SAP's ERP software at Alka. Siemens, a SAP implementation partner in Pakistan, will oversee the implemen
Published 11 Jul, 2009 12:00am
Jamaat-i-Islami slams PDL ordinance

Jamaat-i-Islami slams PDL ordinance

The rulers of Pakistan are running the country on foreign dictations thus causing various institutions to come in a state of collision. This was accused by Jamaat-i-Islami's top leadership while congregating a Friday sermon and in observance of demos on p
Published 11 Jul, 2009 12:00am
Azgard may disinvest 24.99 percent holding in PAFL

Azgard may disinvest 24.99 percent holding in PAFL

The Board of Directors of Azgard Nine Limited (ANL) has decided that the company will explore the possibility of disinvesting up to 24.99 percent of its holding in Pak American Fertiliser Limited (PAFL). The ANL board took this decision in a meeting held
Published 11 Jul, 2009 12:00am
Mangla power house breakdown costs Rs 14 billion loss

Mangla power house breakdown costs Rs 14 billion loss

The breakdown of 1100MW Mangla Hydel power house has cost the nation more than Rs 14.40 billion economic losses in eleven days, besides triggering countrywide protests against the load shedding for extended periods, power generation, economics and agricul
Published 11 Jul, 2009 12:00am
Mangla not likely to resume functioning before July 25

Mangla not likely to resume functioning before July 25

Pakistan Electric Power Company (Pepco) sources said on Friday that the Mangla Dam powerhouse would not be operational at full capacity of 1100 MW before July 25. It may be noted that a sudden electricity shortage took place early this month due to an acc
Published 11 Jul, 2009 12:00am
Posting administrators in local government institutions criticised

Posting administrators in local government institutions criticised

Executive Director South Asia Partnership (SAP) Muhammed Tahseen has demanded that decision of posting administrators in the local government institutions should be reversed and fresh local government election should be held. He was addressing the press c
Published 11 Jul, 2009 12:00am
Dera Ismail Khan grid station: Pepco directed to complete extension work

Dera Ismail Khan grid station: Pepco directed to complete extension work

Pepco authorities have been directed to complete the extension work at 132 kV grid station at Prova, Dera Ismail Khan to make it functional by 20th July. This was noted in a statement by Faisal Karim Kundi, Deputy Speaker of National Assembly while announ
Published 11 Jul, 2009 12:00am
ERRA Board approves Rs 9.17 billion for various mega projects

ERRA Board approves Rs 9.17 billion for various mega projects

Earth-quake Rehabilitation and Reconstruction Authority (ERRA) Board has approved Rs 9.17 billion for nine mega projects which would be completed in Muzaffarabad, Bagh and Rawalakot areas. This was stated by Director General SERRA Dr Asif Shah during a me
Published 11 Jul, 2009 12:00am
World Bank report on power situation misleading: Kaira

World Bank report on power situation misleading: Kaira

Minister for Information and Broadcasting Qamar Zaman Kaira said on Friday the comments published in section of press on World Bank report on power crisis in Pakistan were misleading as the report was related to 2002-07,a time period before coming into po
Published 11 Jul, 2009 12:00am
First consignment of Pakistani mangoes arrives in China

First consignment of Pakistani mangoes arrives in China

The first consignment of Pakistani mangoes famous world-wide for its taste and aroma arrived here by PIA on Friday. The consignment of 1.5 ton was imported by the Midtrans Commodities International Company, a Chinese based Pakistani enterprise.
Published 11 Jul, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Jul, 2009 12:00am
'PIA plans to induct 27 modern planes in its fleet in five years'

'PIA plans to induct 27 modern planes in its fleet in five years'

The Managing Director of PIA, Captain Aijaz Haroon, has said that PIA has planned to induct 27 modern aircraft in its fleet during the next five years, while President Asif Ali Zardari has asked the PIA management to get more planes on lease for different
Published 11 Jul, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (July 10, 2009).

Published 11 Jul, 2009 12:00am
Government urged to restore normal gas supply to textile industry

Government urged to restore normal gas supply to textile industry

The All Pakistan Textile Mills Association (APTMA) has strongly reacted to the government's decision for curtailing gas supply to textile industry, which has led to a decline in production and exports. It may be noted that the Sui Northern Gas Pipelines L
Published 11 Jul, 2009 12:00am
Army's help to be sought to complete Lowari Rail Tunnel project

Army's help to be sought to complete Lowari Rail Tunnel project

Standing Committee of the National Assembly on Communications has decided that work on the Lowari Rail Tunnel project will soon be resumed for which national and international contractors will be taken into confidence on security matters.
Published 11 Jul, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 11 Jul, 2009 12:00am
Judicial officers warned

Judicial officers warned

The practice of engaging of court officials into personal activities of their officers need to be discouraged in order to revive the integrity of the court. This was stressed by Chief Justice Lahore High Court, Justice Khawaja Muhammad Sharif in his warni
Published 11 Jul, 2009 12:00am
Seminar on intellectual property rights held

Seminar on intellectual property rights held

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) organised a seminar on recognising and respecting intellectual property rights in collaboration with Pakistan Scientific and Technological Information Centre (Pastic) and Intellectu
Published 11 Jul, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Jul, 2009 12:00am
World Population Day today

World Population Day today

World Population Day is observed on July 11 over the world including Pakistan to reaffirm the human right to plan a family. It encourages activities to create awareness about the importance of family planning throughout the world. This day also tries to s
Published 11 Jul, 2009 12:00am
Babar discusses Pakistan's situation with UNGA President

Babar discusses Pakistan's situation with UNGA President

Visiting Federal Parliamentary Affairs Minister, Senator Babar Awan, on Thursday discussed the current situation in Pakistan with UN General Assembly (UNGA) President Miguel d'Escoto when he called on the 192-member body chief. The minister thanked the Pr
Published 11 Jul, 2009 12:00am
317,584 cusecs water released from reservoirs

317,584 cusecs water released from reservoirs

Indus River System Authority (Irsa) on Friday released 3,17,584 cusecs water from various rim stations. According to Irsa, an overall water inflow from various reservoirs recorded was 3,23,441 cusecs. Water level at Tarbela Dam recorded was at 1426.62 fee
Published 11 Jul, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (July 10, 2009).

Published 11 Jul, 2009 12:00am
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