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Print - 2009-09-08
DAP bag costlier by Rs 70

DAP bag costlier by Rs 70

The price of Dai Ammonium Phosphate (DAP), an essential crop nutrient, has jumped by Rs 70 per 50 kg bag across the country due to its acute scarcity in the domestic market in the wake of rising demand, sources said. DAP use in the country is increasing g
Published 08 Sep, 2009 12:00am
DAP bag costlier by Rs 70

DAP bag costlier by Rs 70

The price of Dai Ammonium Phosphate (DAP), an essential crop nutrient, has jumped by Rs 70 per 50 kg bag across the country due to its acute scarcity in the domestic market in the wake of rising demand, sources said. DAP use in the country is increasing g
Published 08 Sep, 2009 12:00am
DAP bag costlier by Rs 70

DAP bag costlier by Rs 70

The price of Dai Ammonium Phosphate (DAP), an essential crop nutrient, has jumped by Rs 70 per 50 kg bag across the country due to its acute scarcity in the domestic market in the wake of rising demand, sources said. DAP use in the country is increasing g
Published 08 Sep, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Sep, 2009 12:00am
BRIndex30 sheds 120.71 points

BRIndex30 sheds 120.71 points

On Monday, the BRIndex30 opened in the positive zone at 8,440.77 with an upward jump of 94.85 points. However, it closed at 8,225.21 with a net negative change of -120.71 points and percentage change of -1.45. It experienced intra-day high of 8,444.41 and
Published 08 Sep, 2009 12:00am
BRIndex30 sheds 120.71 points

BRIndex30 sheds 120.71 points

On Monday, the BRIndex30 opened in the positive zone at 8,440.77 with an upward jump of 94.85 points. However, it closed at 8,225.21 with a net negative change of -120.71 points and percentage change of -1.45. It experienced intra-day high of 8,444.41 and
Published 08 Sep, 2009 12:00am
FBR unearths massive ST evasion by arms, ammunition sector

FBR unearths massive ST evasion by arms, ammunition sector

The Federal Board of Revenue (FBR) has unearthed massive evasion of sales tax by the registered manufacturers, importers and dealers of the arms and ammunition during the last two financial years. Sources told Business Recorder on Monday that the a
Published 08 Sep, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 Sep, 2009 12:00am
Sales Tax Act, 1990: World Bank detects serious flaws

Sales Tax Act, 1990: World Bank detects serious flaws

The World Bank has detected serious flaws in Sales Tax Act, 1990 including complicated language, special regimes for specific sectors, inconsistent terminologies and extraordinary discretionary powers to the sales tax officials to deal with the registered
Published 08 Sep, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
Sales Tax Act, 1990: World Bank detects serious flaws

Sales Tax Act, 1990: World Bank detects serious flaws

The World Bank has detected serious flaws in Sales Tax Act, 1990 including complicated language, special regimes for specific sectors, inconsistent terminologies and extraordinary discretionary powers to the sales tax officials to deal with the registered
Published 08 Sep, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Sep, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Sep, 2009 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 08 Sep, 2009 12:00am
Sales Tax Act, 1990: World Bank detects serious flaws

Sales Tax Act, 1990: World Bank detects serious flaws

The World Bank has detected serious flaws in Sales Tax Act, 1990 including complicated language, special regimes for specific sectors, inconsistent terminologies and extraordinary discretionary powers to the sales tax officials to deal with the registered
Published 08 Sep, 2009 12:00am
India detains UAE plane carrying arms to China

India detains UAE plane carrying arms to China

Indian authorities have detained a United Arab Emirates airforce plane that landed in Kolkata on its way to China after discovering arms and explosives on board, airport officials said Monday. The military transport plane was given permission to land in K
Published 08 Sep, 2009 12:00am
Import of HSFO: OOTCL accuses Pepco of violating business rules

Import of HSFO: OOTCL accuses Pepco of violating business rules

Pakistan Electric Power Company (Pepco) has been accused of placing high sulphur furnace oil (HSFO) orders without inviting tenders, which is a gross violation of transparent business rules. This complaint has been lodged by Overseas Oil Trading Company (
Published 08 Sep, 2009 12:00am
Import of HSFO: OOTCL accuses Pepco of violating business rules

Import of HSFO: OOTCL accuses Pepco of violating business rules

Pakistan Electric Power Company (Pepco) has been accused of placing high sulphur furnace oil (HSFO) orders without inviting tenders, which is a gross violation of transparent business rules. This complaint has been lodged by Overseas Oil Trading Company (
Published 08 Sep, 2009 12:00am
Import of HSFO: OOTCL accuses Pepco of violating business rules

Import of HSFO: OOTCL accuses Pepco of violating business rules

Pakistan Electric Power Company (Pepco) has been accused of placing high sulphur furnace oil (HSFO) orders without inviting tenders, which is a gross violation of transparent business rules. This complaint has been lodged by Overseas Oil Trading Company (
Published 08 Sep, 2009 12:00am
President for accelerated development activities in Gilgit-Baltistan

President for accelerated development activities in Gilgit-Baltistan

President of Pakistan and Co-Chairperson of PPP Asif Ali Zardari has given instructions to the concerned quarters to prepare a comprehensive plan to accelerate developmental activities in Gilgit-Baltistan. President PPP Gilgit-Baltistan, Syed Mehdi Shah,
Published 08 Sep, 2009 12:00am
Ahmadinejad bars talks on Iran's 'undeniable' nuclear rights

Ahmadinejad bars talks on Iran's 'undeniable' nuclear rights

President Mahmoud Ahmadinejad on Monday ruled out talks on Iran's "undeniable" nuclear rights, as world powers await Tehran's new proposals for the basis of fresh talks on its controversial atomic drive. "In our view the nuclear question is finished. We w
Published 08 Sep, 2009 12:00am
Khilji, Jaffery sworn in as Supreme Court judges

Khilji, Jaffery sworn in as Supreme Court judges

Chief Justice Iftikhar Muhammad Chaudhry on Monday administered oath of office to Justice Khilji Arif Hussain, judge of Sindh High Court (SHC) and former jusitce Rehmat Hussain Jaffery as judges of the Supreme Court. On Saturday, President Asif Ali Zardar
Published 08 Sep, 2009 12:00am
THE RUPEE: stable trend

THE RUPEE: stable trend

Stable trend was seen on the currency market on Monday as easy supply of dollars did not allow the rupee to drift lower in process of trading, dealers said. On the interbank market the rupee moved with little change versus dollar for buying and selling at
Published 08 Sep, 2009 12:00am
Kuwait central bank to monitor troubled investment firm

Kuwait central bank to monitor troubled investment firm

Kuwait's central bank on Monday decided to appoint a temporary administrator to monitor business at Investment Dar, an Islamic company that owns half of British luxury car-maker Aston Martin. Central bank governor Sheikh Salem Abdulaziz al-Sabah said the
Published 08 Sep, 2009 12:00am
THE RUPEE: stable trend

THE RUPEE: stable trend

Stable trend was seen on the currency market on Monday as easy supply of dollars did not allow the rupee to drift lower in process of trading, dealers said. On the interbank market the rupee moved with little change versus dollar for buying and selling at
Published 08 Sep, 2009 12:00am
LSE index down 43.33 points

LSE index down 43.33 points

Bearish sentiment kept the Lahore stock market under pressure on Monday and the equities registered losses amid slightly improved trading turnover on account of profit taking in banking and oil sectors. The LSE-25 index slid down by 43.33 points, and clos
Published 08 Sep, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
LSE index down 43.33 points

LSE index down 43.33 points

Bearish sentiment kept the Lahore stock market under pressure on Monday and the equities registered losses amid slightly improved trading turnover on account of profit taking in banking and oil sectors. The LSE-25 index slid down by 43.33 points, and clos
Published 08 Sep, 2009 12:00am
India detains UAE plane carrying arms to China

India detains UAE plane carrying arms to China

Indian authorities have detained a United Arab Emirates airforce plane that landed in Kolkata on its way to China after discovering arms and explosives on board, airport officials said Monday. The military transport plane was given permission to land in K
Published 08 Sep, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
Revived KCR to be operational in 2013

Revived KCR to be operational in 2013

The work on the revival of Karachi Circular Railway (KCR) will begin in 2010 and will be operational for public in 2013. Project Director, Ijaz Khilji said on completion of the project an international operator of repute will be appointed for operations a
Published 08 Sep, 2009 12:00am
Dealers demand permission to buy sugar from open market

Dealers demand permission to buy sugar from open market

Sugar dealers have demanded of the government to allow the purchase of the commodity from the open markets of Sindh and the Punjab to ensure supply and price stability of the commodity in the province. This demand was made by the Sugar Dealers Association
Published 08 Sep, 2009 12:00am
Zardari calls for setting up National Literacy Council

Zardari calls for setting up National Literacy Council

President Asif Ali Zardari has proposed the formation of a high level National Literacy Council to launch a well-co-ordinated and effective literacy drive throughout the country. In a message on the International Literacy Day, the President said the setti
Published 08 Sep, 2009 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
Two killed in incidents of violence

Two killed in incidents of violence

At least two people were killed in different violent incidents across the metropolis on Monday, police and witnesses said. According to details, a man was gunned down over old enmity in limits of Site police station while another was crushed to death by h
Published 08 Sep, 2009 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
Certain millers smuggled 850,000 tons of sugar: PSMA

Certain millers smuggled 850,000 tons of sugar: PSMA

Pakistan Sugar Mills Association (PSMA) on Monday said that certain millers in connivance with the authorities concerned, smuggled 850,000 tons of locally manufactured white refined sugar worth Rs 42.5 million to Afghanistan for creating a reason for the
Published 08 Sep, 2009 12:00am
Canadian asset managers visit Pakistan on DCM's invitation

Canadian asset managers visit Pakistan on DCM's invitation

At the invitation of Dawood Capital Management Ltd (DCM), Barometer Capital Management Ltd, a top performing asset management company based in Canada, visited Karachi, with the intention of doing due diligence for a potential joint venture with Dawood Cap
Published 08 Sep, 2009 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
Canadian asset managers visit Pakistan on DCM's invitation

Canadian asset managers visit Pakistan on DCM's invitation

At the invitation of Dawood Capital Management Ltd (DCM), Barometer Capital Management Ltd, a top performing asset management company based in Canada, visited Karachi, with the intention of doing due diligence for a potential joint venture with Dawood Cap
Published 08 Sep, 2009 12:00am
LHC grants bail to Zarco's IT department head

LHC grants bail to Zarco's IT department head

A division bench of the Lahore High Court (LHC) here Monday granted bail to IT department head of Zarco exchange company, A. M. Waqar, who was accused of tampering with the computer system. Counsel of the petitioner, Barrister Ali Zafar, argued before the
Published 08 Sep, 2009 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
LHC dismisses PSMA's application

LHC dismisses PSMA's application

A division bench of Lahore High Court (LHC) here, on Monday, dismissed a civil miscellaneous application of Punjab Sugar Mills Associations (PSMA), seeking stay order against LHC's an earlier verdict fixing sugar price at Rs 40 per kg. The Association thr
Published 08 Sep, 2009 12:00am
Modaraba companies: SECP expands panel of statutory auditors

Modaraba companies: SECP expands panel of statutory auditors

The Securities and Exchange Commission of Pakistan (SECP) has expanded the panel of statutory auditors for Modaraba companies. The SECP has directed the Registrar Modarabas to select the specified chartered accountant firms as statutory auditors for Modar
Published 08 Sep, 2009 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
Agriculture plays significant role in economy of Punjab

Agriculture plays significant role in economy of Punjab

Senior Provincial Minister Raja Riaz Ahmed paid surprise visits to check on ground situation of water provision in different villages of Sargodha. He talked to the cultivators and enquired about the provision of water to them. He assured that officers of
Published 08 Sep, 2009 12:00am
Huge investment for providing medical facilities: DCO

Huge investment for providing medical facilities: DCO

The District Co-ordination Officer (DCO) Hyderabad Aftab Ahmed Khatri has said that District Government Hyderabad has made huge investment in up-grading hospitals, establishing trauma centre and providing health care to Hepatitis B, C and Diabetic patient
Published 08 Sep, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
'Innovative approach needed to provide basic services to Balochistan'

'Innovative approach needed to provide basic services to Balochistan'

Innovative approach is need of the hour for providing basic services to underdeveloped province of Balochistan, which needs effective planning for making administrative machinery to deliver with state-of-the-art financial management by increasing revenue
Published 08 Sep, 2009 12:00am
Water inflow in river Indus decreases to lowest

Water inflow in river Indus decreases to lowest

The water inflow in mighty Indus has decreased to the lowest in five years due to drop in temperature and dry weather in the upper regions that has slowed down melting of snow and glaciers. Punjab Irrigation Engineers told Business Recorder here on
Published 08 Sep, 2009 12:00am
Raja Riaz condoles with Babar Awan

Raja Riaz condoles with Babar Awan

Senior Provincial Minister Raja Riaz Ahmed called on Federal Minister Babar Awan at his residence in Islamabad to condole the sad and sudden demise of his brother.
Published 08 Sep, 2009 12:00am
'Two million tonnes of surplus wheat can be exported'

'Two million tonnes of surplus wheat can be exported'

Federal Minister for Food and Agriculture Nazar Mohammad Gondal has said that two million tonnes wheat can be exported, as sufficient stock of the commodity is available in the country. The minister told the National Assembly Standing Committee on Food an
Published 08 Sep, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (September 07, 2009) and for Tuesday (September 08, 2009).
Published 08 Sep, 2009 12:00am
Benazir's assassination: LHC adjourns petition seeking transfer of case

Benazir's assassination: LHC adjourns petition seeking transfer of case

The Lahore High Court here Monday adjourned the hearing of a petition seeking transfer of investigation of Benazir Bhutto's assassination case from Federal Investigation Agency (FIA) to police. The petition was filed by Protocol Officer of former Prime Mi
Published 08 Sep, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
Karachiites brave 12 hours' loadshedding daily

Karachiites brave 12 hours' loadshedding daily

Karachiites are facing over 12 hours daily load shedding, as a unit of Bin Qasim Thermal Power Plant (BQTPP) and Korangi Thermal Power Station of Karachi Electric Supply Company (KESC) and an Independent Power Producer (IPP) have been closed due to techni
Published 08 Sep, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
ST zero-rating facility given on yarn input

ST zero-rating facility given on yarn input

The Federal Board of Revenue (FBR) has announced sales tax zero-rating facility on the import and supply of polyethylene and polypropylene used in the local manufacturing of mono filament yarn and net cloth, says a notification issued on Monday.
Published 08 Sep, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 07, 2009).

Published 08 Sep, 2009 12:00am
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