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Print - 2009-08-28
Exemption from loadshedding: Textile Ministry urged to issue SRO

Exemption from loadshedding: Textile Ministry urged to issue SRO

Acting Chairman, Faisalabad Dry Port Trust (FDPT) and former chairman, All-Pakistan Textile Processing Mills Association (APTPMA) and Ex-President, Faisalabad Chamber of Commerce & Industry (FCCI), Muhammad Saeed Sheikh, has demanded of textile ministry t
Published 28 Aug, 2009 12:00am
ECNEC may approve 20 projects costing Rs 188 billion

ECNEC may approve 20 projects costing Rs 188 billion

Executive Committee of the National Economic Council (ECNEC) may approve 20 projects costing over Rs 188 billion in communications, water, housing and rural development sectors in its meeting scheduled for September 3. Finance Minister, Shaukat Tarin, wil
Published 28 Aug, 2009 12:00am
Palm oil imports seen slow in October-December

Palm oil imports seen slow in October-December

Pakistan made heavy purchases of palm oil for August and September but buying will slow in the October-December quarter partly because of stocks and the arrival of the cottonseed crop, an industry official said on Thursday. Pakistan, after a long pause, h
Published 28 Aug, 2009 12:00am
DCO for ensuring fire safety standards in high-rises

DCO for ensuring fire safety standards in high-rises

District Co-ordination Officer (DCO), Faisalabad Saeed Wahlah has directed the officers concerned to ensure implementation of fire safety standards for multi storey/high-rises buildings in the city to avert losses in case of fire. He was presiding over mo
Published 28 Aug, 2009 12:00am
Transfers and postings in Sindh Police

Transfers and postings in Sindh Police

The Inspector General of Police (IGP) Sindh Sultan Salahuddin Babar Khattak has reshuffled 10 Superintendent of Police (SP) to ensure fool proof security arrangements during Ramazan-ul-Mubarak.
Published 28 Aug, 2009 12:00am
Cattle lifters: police directed to launch crackdown

Cattle lifters: police directed to launch crackdown

Chairman Chief Minister's Taskforce on Anti-Cattle Lifting, Chaudhry Ali Asghar Munda, MPA has expressed his dissatisfaction over the efficiency of police in controlling the incidents of cattle lifting and directed police to launch a crackdown against cat
Published 28 Aug, 2009 12:00am
FPSC conducts tests for 173 posts

FPSC conducts tests for 173 posts

The Federal Public Service Commission (FPSC) conducted Professional/Screen tests during 18th to 21st August, 2009 at 11 centres established in 9 cities for recruitment to 173 posts. The posts pertaining to 38 cases were detailed in FPSC's consolidated adv
Published 28 Aug, 2009 12:00am
British-Pakistanis can play vital role in mainstream politics: Zardari

British-Pakistanis can play vital role in mainstream politics: Zardari

President Asif Ali Zardari on Thursday said the British Pakistanis could play more effective role in bringing the two countries closer by joining the mainstream politics and having a greater say in its domestic and international policies. Talking to Nick
Published 28 Aug, 2009 12:00am
Like-minded group likely to rename party

Like-minded group likely to rename party

Yet another faction of League is to emerge from within the Pakistan Muslim League (PML-Q), following the controversial party election last month in which Chaudhry Shujaat Hussain was re-elected unopposed as Party chief for next four years.
Published 28 Aug, 2009 12:00am
Large scale transfers, promotions in FBR under OPS structure

Large scale transfers, promotions in FBR under OPS structure

The Federal Board of Revenue (FBR) has carried out transfers and postings, and promotions to the next grade of over 89 officials of Income Tax, Customs and Excise groups since July 1, 2009 under Own Pay and Scale (OPS) structure. This is for the first tim
Published 28 Aug, 2009 12:00am
990kg of hashish recovered

990kg of hashish recovered

Anti-Narcotics Force (ANF) arrested two alleged smugglers and recovered 990 kilograms of hashish from them at Killi Kirani, Western Bypass on Thursday. According to the officials, acting on a tip-off the ANF functionaries stopped a truck and recovered 990
Published 28 Aug, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Aug, 2009 12:00am
Three killed in Dukki tribal clash

Three killed in Dukki tribal clash

Three people were killed while four others sustained critical injuries in a clash between two groups in Dukki, late Wednesday. According to the local police, armed men of Zarkoon and Loni tribes traded fire after a minor clash arising from a motorbike the
Published 28 Aug, 2009 12:00am
RRF to be deployed to ensure law, order during Ramazan

RRF to be deployed to ensure law, order during Ramazan

Capital City Police Officer (CCPO), Muhammad Pervez Rathore has ordered immediate deployment of Rapid Response Force (RRF) at important points in the city in order to ensure law and order during Ramazan. Capital City Police Officer, Muhammad Pervez Rathor
Published 28 Aug, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 28 Aug, 2009 12:00am
PTA working to reduce telecom taxes

PTA working to reduce telecom taxes

PTA is taking every measure to ensure previous growth patterns in the industry. Reduction in telecom taxes is one area where PTA is working intensely to ensure that the Telecom users are not over burdened. Today share of telecom sector alone in GDP has in
Published 28 Aug, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (August 27, 2009).

Published 28 Aug, 2009 12:00am
90 percent of IDPs return home: UN official

90 percent of IDPs return home: UN official

Around 1.6 million internally displaced persons (IDPs) have so far returned to their native homeland in Swat after the military operations in the area, a UN humanitarian official said on Thursday. "Around 90 percent of the displaced Swatis have returned t
Published 28 Aug, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Aug, 2009 12:00am
Eidul Fitr likely on September 21

Eidul Fitr likely on September 21

Pakistan Meteorological Department (PMD) on the basis of astronomical calculations, disclosed that Eidul Fitr is likely to be observed on September 21 (Monday). The department has indicated bright chances of sighting the new moon of Shawwal 1430 Hijri in
Published 28 Aug, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Aug, 2009 12:00am
Zardari condoles death of Edward Kennedy

Zardari condoles death of Edward Kennedy

President, Asif Ali Zardari on Thursday condoled the death of Senator Edward Kennedy, who died on Tuesday, aged 77, after fighting a long battle with cancer. In a condolence message, the President said Edward Kennedy would be remembered both as a liberal
Published 28 Aug, 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 Aug, 2009 12:00am
Supreme Court asks health secretaries to act against quackery

Supreme Court asks health secretaries to act against quackery

The Supreme Court on Thursday directed federal and provincial health secretaries to take stern action for eradicating quackery and fake medicines from across the country. A three-member bench of the apex court comprising Chief Justice Iftikhar Muhammad Ch
Published 28 Aug, 2009 12:00am
PML-N decides to hold party elections this year

PML-N decides to hold party elections this year

Pakistan Muslim League-Nawaz (PML-N) in a meeting held with Muhammad Nawaz Sharif in the chair decided to hold the party elections this year to complete the reorganisation process of the party. Sources in the PML-N told Business Recorder that membe
Published 28 Aug, 2009 12:00am
200 megawatts rental power plant for Quetta soon

200 megawatts rental power plant for Quetta soon

Quetta Electric Supply Company (Qesco) would soon launch work on 200 megawatt rental power plant project in the provincial capital in line with the federal government directive in this regard. Chief Executive Officer Qesco Shafiq Ahmed Khattaq told APP he
Published 28 Aug, 2009 12:00am
Pepco resorts to load shedding again in Punjab

Pepco resorts to load shedding again in Punjab

The electricity consumers have again started to brave long spells of load shedding again with the end of rains in major portion of Punjab. However, a substantial reduction in mercury, coming down to 33 degree centigrade from earlier 44 degree centigrade,
Published 28 Aug, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (August 27, 2009).

Published 28 Aug, 2009 12:00am
Supreme Court summons health, food secretaries

Supreme Court summons health, food secretaries

The Supreme Court has summoned Secretary Health, Secretary Food, Secretary Prosecution and Controller Food in a suo motu proceedings initiated against unhygienic conditions of the hotels and directed them to produce the details pertaining to the challans
Published 28 Aug, 2009 12:00am
Pakistani dates selling as hot cakes in occupied Kashmir

Pakistani dates selling as hot cakes in occupied Kashmir

Pakistani dates are selling like hot cakes in Baramulla district in occupied Kashmir in the holy month of Ramazan and locals are savouring these dates and preferring them over other varieties imported from different Indian states. According to Kashmir Med
Published 28 Aug, 2009 12:00am
DS Railway vows to improve amenities, operation

DS Railway vows to improve amenities, operation

The new Divisional Superintendent Pakistan Railway, Karachi Division, Aftab Memon has vowed to improve the railway operation on the divisional railway network with focus on freight operation. In an interview to APP, Aftab Memon who joined Karachi Division
Published 28 Aug, 2009 12:00am
Government striving to boost textile sector: minister

Government striving to boost textile sector: minister

Federal Minister for Textile Industry Rana Farooq Saeed Khan on Thursday said that Textile is a major source of increasing the country's exports and that is why Pakistan has world standing in this sector. He expressed these views while talking to a delega
Published 28 Aug, 2009 12:00am
Pakistan Post to set up 110 SSEPC centres

Pakistan Post to set up 110 SSEPC centres

Pakistan Post is planning to establish as many as 100 Small and Smart Express Post Centers (SSEPC) in first phase across the country to provide better service delivery to the customers. The sources told this news agency that these centers were being set u
Published 28 Aug, 2009 12:00am
Ahmad Rasool appointed NWFP AG

Ahmad Rasool appointed NWFP AG

Senior Officer Pakistan Audit and Accounts Service Ahmad Rasool Bangash has been appointed as Accountant General NWFP. Ahmad Rasool Bangash has earlier served as Financial Advisor Pakistan Ordinance Factories Board, Member Finance in the Ministry of Finan
Published 28 Aug, 2009 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee moved both ways on the currency market on Thursday amid rising demand for the greenback, money analysts said. On the interbank market the rupee fell by 13 paisa against dollar for buying and selling at 82.88 and 82.93, experts said.
Published 28 Aug, 2009 12:00am
DHA's Cogen power, desalination plant re-commissioned

DHA's Cogen power, desalination plant re-commissioned

The Defence Officers Housing Authority (DHA) here on Thursday announced that the Cogen Power and Desalination Plant is being re-commissioned. It said that a simple ceremony was held for the re-commissioning of DHA's Cogen Power and Desalination Plant at D
Published 28 Aug, 2009 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee moved both ways on the currency market on Thursday amid rising demand for the greenback, money analysts said. On the interbank market the rupee fell by 13 paisa against dollar for buying and selling at 82.88 and 82.93, experts said.
Published 28 Aug, 2009 12:00am
Average Pakistani ranks education on top in field of progress: Gallup

Average Pakistani ranks education on top in field of progress: Gallup

An average of Pakistani people ranked education on top in the list of various fields in which the country is progressing, said a survey. According to Gilani Research Foundation survey carried out by Gallup, the country's progress in education was rated as
Published 28 Aug, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 27, 2009).

Published 28 Aug, 2009 12:00am
SSUET students invent navigation system for blind people

SSUET students invent navigation system for blind people

Students of Sir Syed University of Engineering and Technology (SSUET) have prepared a project to facilitate the blind/handicapped by making use of technology to navigate them through unknown locations. The project employs a hand held GPS (satellite naviga
Published 28 Aug, 2009 12:00am
CDA operation affectees hold demonstration

CDA operation affectees hold demonstration

Members of a minority community evicted from the area near Rawal Dam on May 18 this year as a result of operation carried out by the capital police and CDA, and now inhabiting portion of sector G-7 of the capital, held a protest demonstration here to regi
Published 28 Aug, 2009 12:00am
Sindh University announces MBA evening programme

Sindh University announces MBA evening programme

The University of Sindh has announced 2 year MBA evening programme for 2009-2010 session with the specialisation in Marketing, Finance, Management Information System (MIS), Management, Accounting, Human Resource Management (HRM) and Banking specially desi
Published 28 Aug, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 27, 2009).

Published 28 Aug, 2009 12:00am
'Stronger domestic demand required for rapid regional growth'

'Stronger domestic demand required for rapid regional growth'

Asia's attempts to rebalance growth towards domestic sources would in part depend on the development and growth of the region's business sector, says a report from the Asian Development Bank (ADB). The report, published in a special chapter of Key Indicat
Published 28 Aug, 2009 12:00am
Suo motu action against PIA disposed of

Suo motu action against PIA disposed of

The Chief Justice Lahore High Court (LHC) disposed of suo motu action taken against Pakistan International Airlines (PIA) for delaying domestic flights after the authorities undertook to maintain the regularity in time and to improve its service.
Published 28 Aug, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 27, 2009).

Published 28 Aug, 2009 12:00am
Social performance research: FMFB joins hands with Harvard University

Social performance research: FMFB joins hands with Harvard University

The First MicroFinance Bank Ltd (FMFB) and Harvard University of the USA recently signed an agreement to develop social performance indicators through a bottom up participatory approach whereby the poor identify, prioritise and assess their needs as clien
Published 28 Aug, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 27, 2009).

Published 28 Aug, 2009 12:00am
LTU Karachi selects 113 units for composite audit

LTU Karachi selects 113 units for composite audit

Federal Board of Revenue (FBR) has prioritised cement, textile, sugar, oil, telecom and corporate sectors for composite audit as some 113 units have been picked by the Large Taxpayers Unit (LTU), Karachi for the purpose, Business Recorder learnt on
Published 28 Aug, 2009 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 28 Aug, 2009 12:00am
Lifting of ban on seafood: government to send action plan to EU

Lifting of ban on seafood: government to send action plan to EU

The Federal Government is sending a long-awaited action plan during current week to European Union (EU) to get the country's over two years banned seafood export lifted, sources said on Thursday. According to statements of the federal and provincial minis
Published 28 Aug, 2009 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 28 Aug, 2009 12:00am
SCB to distribute KASB cash funds

SCB to distribute KASB cash funds

Standard Chartered Bank (Pakistan) Limited, the largest international bank in country and KASB Funds Limited, the asset management arm of the KASB group has signed an agreement for the distribution of its latest fund, KASB Cash Funds through Standard Char
Published 28 Aug, 2009 12:00am
Minister for early launching of Bt cotton

Minister for early launching of Bt cotton

Federal Minister for Food and Agriculture Nazar Muhammad Gondal has said that Pakistan cannot eradicate poverty without strengthening rural economy and the present regime is committed to this cause. While chairing 4th meeting of the steering committee for
Published 28 Aug, 2009 12:00am
Farmers advised to monitor rice crop

Farmers advised to monitor rice crop

Pest warning, quality control and pesticides wing of the Punjab agriculture department has reported attack of bacterial blight on rice crop in some areas of Sahiwal and Okara and attack of bakanai in Kamoke, Pasrur and Hafizabad. The department has advise
Published 28 Aug, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 27, 2009).

Published 28 Aug, 2009 12:00am
35th meeting of advanced studies of UHS held

35th meeting of advanced studies of UHS held

The 35th meeting of Advanced Studies and Research Board of University of Health Sciences (UHS) was held here on Thursday which was chaired by VC Professor M.H. Mubbashar. The board approved the thesis reports of M.Phil and M.S students, which were also co
Published 28 Aug, 2009 12:00am
The Weather

The Weather

The weather report on Thursday (August 27, 2009) and the forecast for Friday (August 28, 2009).

Published 28 Aug, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 27, 2009).

Published 28 Aug, 2009 12:00am
LG Electronics marketing officer visits Pakistan

LG Electronics marketing officer visits Pakistan

Global Chief Marketing Officer of LG Electronics Dermot Boden and CEO ME&A region recently visited Pakistan to review business and marketing strategies of the LG Electronics, said a press release. The other main objective of this trip was to provide LGE's
Published 28 Aug, 2009 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 25, 2009.

Published 28 Aug, 2009 12:00am
Rohail Ali Khan appointed PQGTL DCEO

Rohail Ali Khan appointed PQGTL DCEO

Rohail Ali Khan, an experienced financial sector professional, has been appointed as Deputy Chief Executive Officer (DCEO) by the board of directors of Pak-Qatar General Takaful Limited (PQGTL). According to a press release issued here on Thursday, Rohail
Published 28 Aug, 2009 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 25, 2009.

Published 28 Aug, 2009 12:00am
Rohail Ali Khan appointed PQGTL DCEO

Rohail Ali Khan appointed PQGTL DCEO

Rohail Ali Khan, an experienced financial sector professional, has been appointed as Deputy Chief Executive Officer (DCEO) by the board of directors of Pak-Qatar General Takaful Limited (PQGTL). According to a press release issued here on Thursday, Rohail
Published 28 Aug, 2009 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 25, 2009.

Published 28 Aug, 2009 12:00am
Rains expected in Karachi during next two days

Rains expected in Karachi during next two days

The Meteorological department said on Thursday that a monsoon weather system lies over eastern Madhya Pradesh and adjoining areas (India) is likely to affect Sindh and upper parts of Pakistan during next couple of days. Under the influence of this system,
Published 28 Aug, 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 28 Aug, 2009 12:00am
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