News Archives for Print - 2009-09-02 - Business Recorder

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Print - 2009-09-02

Clean drinking water project: National Assembly body asks government to expedite implementation

Clean drinking water project: National Assembly body asks government to expedite implementation

National Assembly's Standing Committee on Government Assurances while taking serious notice of the absence of Federal Minister for Water and Power Raja Pervez Asharaf from the committee's meeting, has deferred the agenda item regarding Water and Power Dev

Published 02 Sep, 2009 12:00am

Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Musharraf's trial: Zafar Ali Shah says will re-file petition today

Musharraf's trial: Zafar Ali Shah says will re-file petition today

"If former military dictator Pervez Musharraf is not tried under Article 6 of the constitution and the federal government fails to do so, the demand for mid-term elections by the people of Pakistan would be justified", said PML-N leader, Senator Zafar Ali

Published 02 Sep, 2009 12:00am

Last date of renunciation/payment

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 02 Sep, 2009 12:00am

Ijaz says Musharraf should be tried under Article 6

Ijaz says Musharraf should be tried under Article 6

Pakistan Muslim League (Q) stalwart and former federal minister Ijazul Haq on Tuesday applauding the Supreme Court said Pervez Musharraf should be tried under Article 6 of the Constitution as the steps taken by him on November 3, 2007 were unconstitutiona

Published 02 Sep, 2009 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Thousands attend Pakistan Festival in Canada

Thousands attend Pakistan Festival in Canada

An estimated 10,000 people attended the first ever Pakistan Festival, held at Holland Park in Surrey - a cosmopolitan city located in British Columbia, the western most province of Canada. The event, which was organised to coincide with the Independence D

Published 02 Sep, 2009 12:00am

BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Sep, 2009 12:00am

More rains likely in Punjab, NWFP, Sindh Makran coast

More rains likely in Punjab, NWFP, Sindh Makran coast

The Meteorological department has forecast scattered thundershowers, with moderate to heavy falls at isolated places in Punjab, NWFP, Kashmir Northeast Balochistan and Sindh Makran coast during next 48 hours. According to meteorological analysis, monsoon

Published 02 Sep, 2009 12:00am

Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Sep, 2009 12:00am

Chinese team discusses Railways upgradation with BoI chief

Chinese team discusses Railways upgradation with BoI chief

A four-member delegation from China Railway Signal & Communication (CRSC) Shanghai Engineering International Co Ltd headed by its Vice President, Wo Songlin on Tuesday visited the Board of Investment (BoI) to discuss the upgradation of railways sector in

Published 02 Sep, 2009 12:00am

Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 02 Sep, 2009 12:00am

Dr Asim, Tariq Azeem meet Altaf

Dr Asim, Tariq Azeem meet Altaf

Chairman, National Reconstruction Bureau, Dr Asim Hussain and former State Minister, Tariq Azeem met with Muttahida Qaumi Movement (MQM), Chief Altaf Hussain at MQM's International Secretariat at London, said a statement issued by MQM here on Sunday. Dr A

Published 02 Sep, 2009 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (01 September 2009)

Published 02 Sep, 2009 12:00am

Ministry allowed to expand hospital building

Ministry allowed to expand hospital building

Considering the increasing number of patients in the Federal Government Services Hospital (FGSH), the Ambassador of Argentina Rodolfo J Martin-Saravia has allowed Ministry of Health to expand building of the hospital over one-third part of the Argentine P

Published 02 Sep, 2009 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (01 September 2009)

Published 02 Sep, 2009 12:00am

Deposed PHC judge moves Supreme Court for review of July 31 verdict

Deposed PHC judge moves Supreme Court for review of July 31 verdict

A depose Peshawar High Court (PHC) judge, Jahanzeb Rahim, on Tuesday moved Supreme Court for a review of its July 31 verdict declaring November 3, Provisional Constitution Order (PCO) and promulgation of emergency as illegal and unconstitutional.

Published 02 Sep, 2009 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (01 September 2009)

Published 02 Sep, 2009 12:00am

'Penalty order against cement makers should be a lesson for other groups'

'Penalty order against cement makers should be a lesson for other groups'

The landmark order of huge penalty on cement manufacturers should be a lesson for other cartels and groups involved in collusive behaviour to immediately take benefit of the leniency scheme of the Competition Commission of Pakistan (CCP) to avoid heavy pe

Published 02 Sep, 2009 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Transfers and postings in FBR

Transfers and postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted 14 officials of Income Tax Group (BS-18/20) with immediate effect.

Published 02 Sep, 2009 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Hike in POL prices: Jamaat-i-Islami announces countrywide protest from September 4

Hike in POL prices: Jamaat-i-Islami announces countrywide protest from September 4

Jamaat-i-Islami Pakistan has announced countrywide protest against the fresh hike in POL prices from September 4, Friday. Demonstrations and rallies will be held on the day at different stations under the aegis of JI and instructions in this regard were i

Published 02 Sep, 2009 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Oil price hike termed an anti-business move

Oil price hike termed an anti-business move

The business community has termed recent increase in oil prices as anti-business and anti-industries and feared that it would generate new waves of price hike in the country. The raise in the petroleum prices has come as a shocking Ramazan and Eid gift fr

Published 02 Sep, 2009 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Ramazan Bazaars: Atta and sugar available in abundant quantity: Shahbaz

Ramazan Bazaars: Atta and sugar available in abundant quantity: Shahbaz

Chief Minister Punjab, Muhammad Shahbaz Sharif has said that the poor, widows and the destitute persons have the right over Sasta atta and sugar and to get them their right. He said that by the grace of Almighty Allah and due to the co-operation of electe

Published 02 Sep, 2009 12:00am

Airline: PAKISTAN INTERNATIONAL AIRLINES - Analysis of Financial Statements C Year 2003 - C Year 2008

Airline: PAKISTAN INTERNATIONAL AIRLINES - Analysis of Financial Statements C Year 2003 - C Year 2008

Pakistan International Airlines, Pakistan's national flagship airline, has been a pioneer since its inception in 1955. PIA was the first Pakistani airline from a non-communist country to fly into the People's Republic of China and, in 1962, PIA set out to

Published 02 Sep, 2009 12:00am

Imran slams increase in petrol prices

Imran slams increase in petrol prices

Pakistan Tahreek-e-Insaf (PTI) chief Imran Khan has condemned the increase in petrol prices, which in his opinion, would further escalate inflation. He expressed these views while addressing an Iftar dinner here on Tuesday, which was organised by the PTI

Published 02 Sep, 2009 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Mobilink chief executive nominated for CEO of the Year award

Mobilink chief executive nominated for CEO of the Year award

Rashid Khan, President and CEO of Mobilink, Pakistan's market leader in cellular services and part of Orascom Telecom Holding, has been nominated for "The CEO of the Year" Award by the World Communication Awards (WCA) 2009. Rashid Khan is the only Pakista

Published 02 Sep, 2009 12:00am

THE RUPEE: dollar lower

THE RUPEE: dollar lower

The rupee managed to recover sharply against dollar on the currency market in process of strong demand for the US currency, experts said. On the interbank market the rupee was higher by 10 paisa versus the greenback at 82.92, it also gained nine paisa for

Published 02 Sep, 2009 12:00am

Mills ask government to import 0.8 million tons of raw sugar

Mills ask government to import 0.8 million tons of raw sugar

The sugar millers have asked the government to import 800,000 of raw sugar to avoid serious sugar crisis as the expected sugarcane crop would further reduce by 10 percent in the coming crushing season.

Published 02 Sep, 2009 12:00am

Airline: PAKISTAN INTERNATIONAL AIRLINES - Analysis of Financial Statements C Year 2003 - C Year 2008

Airline: PAKISTAN INTERNATIONAL AIRLINES - Analysis of Financial Statements C Year 2003 - C Year 2008

Pakistan International Airlines, Pakistan's national flagship airline, has been a pioneer since its inception in 1955. PIA was the first Pakistani airline from a non-communist country to fly into the People's Republic of China and, in 1962, PIA set out to

Published 02 Sep, 2009 12:00am

'One million atta bags of 10kg sent to Ramazan bazaars in Punjab'

'One million atta bags of 10kg sent to Ramazan bazaars in Punjab'

Punjab Food Minister Malik Nadeem Kamran has said that one million atta bags of 10 kg each have been sent to the Ramazan bazaars and trucking points in the province. He stated this while presiding over a meeting held to review the supply of atta here on T

Published 02 Sep, 2009 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Punjab PPP avoids criticising Nawaz

Punjab PPP avoids criticising Nawaz

The provincial leadership of Pakistan Peoples Party (PPP) has restricted itself to a limited criticism of Pakistan Muslim League Nawaz (Nawaz) on its allegation against the presidency for malicious propaganda against Nawaz Sharif.

Published 02 Sep, 2009 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

'Effective security for Lawari tunnel project to be ensured'

'Effective security for Lawari tunnel project to be ensured'

A delegation of Lawari Tunnel Project led by Charles Kim called on Interior Minister, Rehman Malik, here on Tuesday, and discussed matters pertaining to security arrangements at the project site. During the meeting both the sides discussed various matters

Published 02 Sep, 2009 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Agriculture scientists, progressive farmers expert group set up

Agriculture scientists, progressive farmers expert group set up

Expert Group consisting of Agricultural Scientists and progressive farmers has been constituted to formulate cotton strategies within two weeks. This was decided in a meeting of Cotton Crop Management Group at Central Cotton Research Institute, Multan. Ma

Published 02 Sep, 2009 12:00am

THE RUPEE: dollar lower

THE RUPEE: dollar lower

The rupee managed to recover sharply against dollar on the currency market in process of strong demand for the US currency, experts said. On the interbank market the rupee was higher by 10 paisa versus the greenback at 82.92, it also gained nine paisa for

Published 02 Sep, 2009 12:00am

Rain-related deaths toll mounts to 17

Rain-related deaths toll mounts to 17

The death toll in rain-related incidents mounted to 17, as seven more people including two minor girls and a boy killed in rain-related incidents on Tuesday, police and witnesses said. Bin Qasim Police said two minor girls were killed and two other includ

Published 02 Sep, 2009 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Falling cement numbers give birth to some serious concerns

Falling cement numbers give birth to some serious concerns

Latest cement sales numbers demand caution as the 15 percent year-on-year fall in domestic sales is not just due to monsoon, contrary to the belief of some quarters, rather the sliding number of construction activities are more likely the cause for this d

Published 02 Sep, 2009 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Bulls back in charge

Bulls back in charge

Charged up and heading north, the KSE bulls are back in the league after a long hiatus of four months between April 14 and August 20. The benchmark index KSE marked 8710 points - a level last seen crossing upwards in October 2005 - on Monday's intraday tr

Published 02 Sep, 2009 12:00am

National Commodity Exchange Trading Summary

National Commodity Exchange Trading Summary

National Commodity Exchange Limited Trading Summary on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Rains and the power situation

Rains and the power situation

Its rainy season in the business hub and this usually implies an economic standstill in the city. This year is no different, with shops closing early and office workers leaving before the roads become impossible to maneuver on. The exact economic loss tha

Published 02 Sep, 2009 12:00am

The Weather

The Weather

The weather report on Tuesday (September 01, 2009) and the forecast for Wednesday (September 02, 2009).

Published 02 Sep, 2009 12:00am

PML-N senator to file petition for trial of Musharraf today

PML-N senator to file petition for trial of Musharraf today

The PML-N Senator Sayed Zafar Ali Shah Tuesday said that if former president Pervez Musharraf was not tried then the people had the right to demand midterm polls. Talking to reporters at premises of the Supreme Court, he said, after removing objections of

Published 02 Sep, 2009 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Sastay Ramazan Bazaars arrangements reviewed

Sastay Ramazan Bazaars arrangements reviewed

The Divisional Commissioner Tahir Hussain said that the district administration, police establishment and elected representatives should work in a co-ordinated manner for the success of Sastay Ramazan Bazaars, arranged in the division on the special instr

Published 02 Sep, 2009 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

TMOs directed to make 'Sastay Ramazan Bazaars' a success

TMOs directed to make 'Sastay Ramazan Bazaars' a success

Punjab Minister for Local Government and Rural Development, Sardar Dost Muhamamd Khan Khosa, has directed all Town Municipals officers (TMOs) of the division to work diligently to make holding of 'Sastay Ramazan Bazaars' a success in their respective area

Published 02 Sep, 2009 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

Subsidised flour: no let-up in rush at sale points in Multan

Subsidised flour: no let-up in rush at sale points in Multan

There is no let up in the rush at the sale points designated for the distribution of subsidised flour in the city. Scores of men and women are regularly witnessed standing in queues for hours to buy flour bags at subsidised rate. "It is surprising that th

Published 02 Sep, 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 02 Sep, 2009 12:00am

Schools and colleges reopen

Schools and colleges reopen

The education department on Tuesday announced that schools, colleges and universities of the city would reopen today (Wednesday). The department had announced closure of institutions following the forecast of heavy rainfall by the Met Office for Tuesday.

Published 02 Sep, 2009 12:00am

Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (September 01, 2009).

Published 02 Sep, 2009 12:00am

UVAS orientation programme for new MA, Mphil, PhD students

UVAS orientation programme for new MA, Mphil, PhD students

The Directorate of Advanced Studies of the University of Veterinary and Animal Sciences (UVAS) Lahore has arranged a 15-day students orientation programme for the newly admitted postgraduate (MPhil and PhD) students of the university. Acting Vice-Chancell

Published 02 Sep, 2009 12:00am

Lecture on North Korea's nuclear explosion held

Lecture on North Korea's nuclear explosion held

The Area Study Centre, Far East and South East Asia University of Sindh organised one-day lecture on "North Korea's Nuclear Explosion: Implications for Regional Security and Non-Proliferation Regimes" at University's senate Hall on Tuesday. Speaking on th

Published 02 Sep, 2009 12:00am

BZU Multan successfully completes two solar tube wells

BZU Multan successfully completes two solar tube wells

Bahauddin Zakariya University (BZU) Multan has successfully completed two solar-energy-run tube wells, each having a capacity to lift eight litres of water per second. BZU Vice Chancellor Professor Dr Muhammad Zafarullah inaugurated the solar tube well un

Published 02 Sep, 2009 12:00am

Balochistan stance on NFC under consideration of federal government

Balochistan stance on NFC under consideration of federal government

The Federal government is giving weight to principled stance of the Government of Balochistan on the National Finance Commission (NFC) award, which demands distribution of national resources keeping in view of area, backwardness and resources of a provinc

Published 02 Sep, 2009 12:00am

China to arrange its own capital for projects' execution: Mandviwala

China to arrange its own capital for projects' execution: Mandviwala

Pakistan government will not require to arrange finances for the projects to be launched by Chinese companies in the country as China has decided to provide funding at its own, a top official of Board of Investment (BoI) said.

Published 02 Sep, 2009 12:00am

Beggars flooding twin cities with Ramazan advent

Beggars flooding twin cities with Ramazan advent

With the advent of Ramazan, a number of professional beggars throng the twin cities' roads, making it impossible for the faithful to drive their vehicles. Since it is the month of charity and exhibiting generosity, hundreds of beggars surface on roads, ou

Published 02 Sep, 2009 12:00am

Union politicising PTCL workers for its benefits

Union politicising PTCL workers for its benefits

Pakistan Telecommunication Company Limited (PTCL), while putting the facts straight about the union's protest, staged here at PTCL head quarters in Islamabad, has issued the statement. As per details, PTCL management termed this protest a clear violation

Published 02 Sep, 2009 12:00am

Nokia 5530 XpressMusic

Nokia 5530 XpressMusic

Nokia has introduced the Nokia 5530 XpressMusic, a compact XpressMusic device that uses a touch interface for accessing people and content on the brilliantly clear homescreen. The 'scrolling' Contacts Bar provides direct access to 20 people and their late

Published 02 Sep, 2009 12:00am

PPP-PML-N blame game endangers Punjab government

PPP-PML-N blame game endangers Punjab government

The unnatural coalition government in Punjab may be hit by yet another blow after the re-emergence of blame game between Pakistan People's Party (PPP) and Pakistan Muslim League-N is gaining momentum day by day. The two partial allies but traditional riva

Published 02 Sep, 2009 12:00am

Trial of Musharraf: blame game against PML-N designed to divert people's attention, says Hashmi

Trial of Musharraf: blame game against PML-N designed to divert people's attention, says Hashmi

Central Vice President of Pakistan Muslim League-N Makhdoom Javed Hashmi has said the blame game against the PML-N has been designed to divert the attention of the people from the issue of the trial of former president Pervez Musharraf. Talking to newsmen

Published 02 Sep, 2009 12:00am

Special cell in Presidency: PPP refutes PML-N allegations

Special cell in Presidency: PPP refutes PML-N allegations

Pakistan People's Party (PPP), NWFP, on Tuesday urged the leadership of Pakistan Muslim League (Nawaz) to answer the questions raised in the media regarding distribution of funds by the intelligence agencies during the general elections of 1990 in the cou

Published 02 Sep, 2009 12:00am

FBR launches project for automation of work processes

FBR launches project for automation of work processes

Federal Board of Revenue (FBR) has launched a project for the automation of various work processes involving financial and material management in the organisation. Under the project expected to be completed within 15 months, various work processes, includ

Published 02 Sep, 2009 12:00am

Another PCO judge challenges Supreme Court verdict

Another PCO judge challenges Supreme Court verdict

Another PCO judge Zulfiqar Ali Bokhari has challenged the Supreme Court verdict against the PCO judges and prayed for the review of the SC order, arguing that it had been passed in violation of the universally accepted principle of audi paltrem and that h

Published 02 Sep, 2009 12:00am

FBR plans to establish electronic interface between Pak-Afghan Customs

FBR plans to establish electronic interface between Pak-Afghan Customs

The Federal Board of Revenue (FBR) is planning to establish an electronic interface between Pakistani Customs and Afghan Customs to share information about operational activities on real time basis to check massive misuse of Afghan Transit Trade (ATT).

Published 02 Sep, 2009 12:00am

Dr Butt takes over charge of managing director HMC

Dr Butt takes over charge of managing director HMC

Dr Muhammad Ashraf Butt has taken over the charge of Managing Director, Heavy Mechanical Complex, Taxila, a unit under administrative control Ministry of Industries and Production. According to a press release of the HMC issued on Tuesday, prior to his pr

Published 02 Sep, 2009 12:00am

ACCA invites applications for 'PERA' awards

ACCA invites applications for 'PERA' awards

The ACCA-WWF has invited applications for the eighth ACCA-WWF Pakistan Environmental Reporting Awards (PERA) 2009 in the categories of Best Sustainability Report and Best Environmental Report for multinational and locally listed companies.

Published 02 Sep, 2009 12:00am

Private tour operators: Religious ministry recommends maintaining 50 percent Hajj quota

Private tour operators: Religious ministry recommends maintaining 50 percent Hajj quota

The Senate Standing Committee on Religious Affairs has recommended the Religious Ministry to maintain 50 percent Hajj quota for each private tour operator and government to provide maximum facilities of transport and accommodation to the Hajjis (Pilgrims)

Published 02 Sep, 2009 12:00am

Government's autonomy package for Northern Areas welcomed

Government's autonomy package for Northern Areas welcomed

Lawmakers from the southern Punjab have welcomed the government's decision to give more autonomy to the Northern Areas (NAs), and reiterated their demand for the constitution of 'Seraikistan province' and provincial autonomy for all the provinces.

Published 02 Sep, 2009 12:00am

Profit after tax of PICT increases to Rs 935.689 million

Profit after tax of PICT increases to Rs 935.689 million

The profit after tax of Pakistan International Container Terminal (PICT) has increased to Rs 935.689 million in the year ended June 30, 2009 as compared to Rs 529.260 million earned in 2008. The company's earning per share (basic) surged to Rs 10.09 (dilu

Published 02 Sep, 2009 12:00am

Gojra incident: eight witnesses' statements recorded

Gojra incident: eight witnesses' statements recorded

Inquiry tribunal looking into the matter of Gojra incident recorded the statement of eight witnesses. The tribunal headed by a judge of the Lahore High Court (LHC) has recorded statements of total 565 witnesses till date. The inquiry proceedings adjourned

Published 02 Sep, 2009 12:00am

'Encroachments over storm water drains cause flooding of roads'

'Encroachments over storm water drains cause flooding of roads'

After a detailed visit to the city following the heavy downpours on Monday Governor and Chief Minister Sindh, who were accompanied by City Nazim, observed that establishment of encroachments over the main storm water drains are causing flooding of rainwat

Published 02 Sep, 2009 12:00am

LDA retrieves three public utility sites

LDA retrieves three public utility sites

The Lahore Development Authority (LDA) has on Tuesday carried out an operation against illegal occupants and recovered three public utility sites. According to a LDA's spokesman here on Tuesday, the staff of the Estate Management Directorate retrieved thr

Published 02 Sep, 2009 12:00am

Activities at government hospitals return to normal

Activities at government hospitals return to normal

The routine activities in all the rain-affected government hospitals were restored on Tuesday after heavy rainfall as bulk of patients were seen appearing at OPDs of all public health centres for treatment. The rainwater, which was accumulated in various

Published 02 Sep, 2009 12:00am

Rs 14,200 recovered in fines from 12 profiteers

Rs 14,200 recovered in fines from 12 profiteers

The Executive District Officer (EDO) Revenue Hyderabad in his statement has informed that the Revenue Officers, having special judicial powers, have recovered total fine of Rs 14,200 from 12 shopkeepers on account of charging high prices on essential comm

Published 02 Sep, 2009 12:00am

Increase in judicial allowance: LHC takes suo motu action

Increase in judicial allowance: LHC takes suo motu action

The Chief Justice Lahore High Court (LHC) has taken suo motu notice about subordinate courts employees who are deprived of increase in judicial allowance due to lethargic attitude of the provincial finance department and directed Secretary Finance to appe

Published 02 Sep, 2009 12:00am

NetSol powers CSO perspectives event on information security

NetSol powers CSO perspectives event on information security

CIO Pakistan produced CSO perspective conference powered by Netsol at a local hotel in Karachi. The need for the event arises because banks need a strong, resilient technology backbone more than ever before. From daily operations to large scale implementa

Published 02 Sep, 2009 12:00am

AHIL declares interim monthly dividends

AHIL declares interim monthly dividends

Arif Habib Investments Limited (AHI) [formerly: Arif Habib Investment Management Ltd] declared interim monthly dividends for two of its open-end funds, namely Pakistan Income Enhancement Fund (PIEF) and Pakistan Cash Management Fund (PCF), for the month o

Published 02 Sep, 2009 12:00am

AHIL declares interim monthly dividends

AHIL declares interim monthly dividends

Arif Habib Investments Limited (AHI) [formerly: Arif Habib Investment Management Ltd] declared interim monthly dividends for two of its open-end funds, namely Pakistan Income Enhancement Fund (PIEF) and Pakistan Cash Management Fund (PCF), for the month o

Published 02 Sep, 2009 12:00am

PPP condemns PML-N for threatening statements

PPP condemns PML-N for threatening statements

Pakistan People's Party (PPP) on Tuesday condemned Pakistan Muslim League-N (PML-N) for threatening the ruling party. In a statement issued here Information Secretary PPP Sindh Waqar Mehdi strongly criticised the PML-N leader Ahsan Iqbal who, Mehdi said,

Published 02 Sep, 2009 12:00am

NCST invites proposals for new policy plans, directions, strategies

NCST invites proposals for new policy plans, directions, strategies

The Secretary of National Commission for Science and Technology (NCST), Dr Tariq Ur Rahman, has invited proposals focusing on new policy directions, plans, programs and strategies needed in the current national global scenario for the 4th meeting of NCST

Published 02 Sep, 2009 12:00am

LCCI criticises government over delay in Green Tractor Scheme

LCCI criticises government over delay in Green Tractor Scheme

The Lahore Chamber of Commerce and Industry (LCCI) Senior Vice President, Tahir Javed Malik, has criticised the government's 'inaction' on Rs 2 billion Green Tractor Scheme launched to provide 10,000 tractors to the farming community on subsidised rates.

Published 02 Sep, 2009 12:00am

PML-N, JI, PTI to participate in JWP's caravan on September 4

PML-N, JI, PTI to participate in JWP's caravan on September 4

The workers of Pakistan Muslim League-Nawaz (PML-N), Jamaat-e-Islami (JI) and Pakistan Tehreek-e-Insaf (PTI) will participate in Jamhuri Watan Party (JWP)'s caravan for filing Akbar Bugti's murder case against former President General Pervez Musharraf (Re

Published 02 Sep, 2009 12:00am

A new 'Battle Royale' in the making

A new 'Battle Royale' in the making

There is an eerie feeling that the engine pulling the 'Democracy Express' has run out of steam and we are about to be left stranded miles short of the destination. The passengers' familiarity with the eventuality notwithstanding, the sense that this is go

Published 02 Sep, 2009 12:00am

NWFP LGC to take action against corruption in TMAs

NWFP LGC to take action against corruption in TMAs

The Local Government Commission (LGC) NWFP on Tuesday decided to take severe action against Nazims and government officials for the misappropriation of million of rupees in various TMAs in the province. The meeting of the commission held here with Senior

Published 02 Sep, 2009 12:00am

Phasing out of subsidised export credit

Phasing out of subsidised export credit

According to a news item in Business Recorder, Pakistan has assured the IMF, as per the recent Letter of Intent of the current SBA issued on 26th August, to rationalise the interest rates on its refinancing schemes and eliminate the element of subsidies r

Published 02 Sep, 2009 12:00am

Odd recommendations

Odd recommendations

There are no two opinions on the need to reform and empower the Election Commission of Pakistan so that it can conduct elections in an impartial manner. Hence it figures in the Charter of Democracy (CoD), as well, which calls for an independent, autonomou

Published 02 Sep, 2009 12:00am

Challenges to new Japan government

Challenges to new Japan government

At last a peaceful regime change in Japan is happening. The general election of last Sunday in Japan, as predicted, resulted in a historic, huge landslide victory for the Democratic Party of Japan (DPJ), making it as a new ruling party after more than fif

Published 02 Sep, 2009 12:00am

Challenges to new Japan government

Challenges to new Japan government

At last a peaceful regime change in Japan is happening. The general election of last Sunday in Japan, as predicted, resulted in a historic, huge landslide victory for the Democratic Party of Japan (DPJ), making it as a new ruling party after more than fif

Published 02 Sep, 2009 12:00am

Poverty alleviation: By escalation of trade and investment

Poverty alleviation: By escalation of trade and investment

Poverty alleviation is a complex, foremost objective and the principal challenge of Pakistan. Pakistan is endowed with the richest natural resources and geo-strategic location. These resources and location have created many investment and trade opportunit

Published 02 Sep, 2009 12:00am

Detainees' families suffer in Thai south

Detainees' families suffer in Thai south

In a tree-shaded prison yard in Thailand's south, inmates cuddle their children and chat to their wives over plates of halal food, while guards with batons circle the rare gathering. For most of these detainees awaiting justice on charges relating to the

Published 02 Sep, 2009 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Petrol/Litre / Dec 24	252.10
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Diesel/Litre / Dec 24	255.38

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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High returns to benefit investors, spur jobs: Aleem

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IFC, local banks to provide $52.2mn financing for tyre production in Pakistan

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