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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-09-16
LSE index loses 6.87 points

LSE index loses 6.87 points

Equities moved both ways on Lahore Stock Exchange on Tuesday and ended in the red zone amid descending transaction volume on account of lack of interest on the part of investors. The LSE-25 index marginally slid down 6.87 points to 2848.41 points against
Published 16 Sep, 2009 12:00am
LSE index loses 6.87 points

LSE index loses 6.87 points

Equities moved both ways on Lahore Stock Exchange on Tuesday and ended in the red zone amid descending transaction volume on account of lack of interest on the part of investors. The LSE-25 index marginally slid down 6.87 points to 2848.41 points against
Published 16 Sep, 2009 12:00am
Iraq shoe-thrower freed

Iraq shoe-thrower freed

The Iraqi television reporter jailed for throwing his shoes at former US president George W. Bush was freed on Tuesday and said he was tortured by electric shocks and simulated drowning in custody. Muntazer al-Zaidi had been behind bars ever since he shou
Published 16 Sep, 2009 12:00am
Iraq shoe-thrower freed

Iraq shoe-thrower freed

The Iraqi television reporter jailed for throwing his shoes at former US president George W. Bush was freed on Tuesday and said he was tortured by electric shocks and simulated drowning in custody. Muntazer al-Zaidi had been behind bars ever since he shou
Published 16 Sep, 2009 12:00am
Likely terror attack averted in Karachi

Likely terror attack averted in Karachi

The police on Tuesday claimed to have thwarted a major terror attack in the city and recovered huge quantity of sophisticated weapons in the jurisdiction of Saeedabad Police. According to police sources, unidentified caller informed the police about the p
Published 16 Sep, 2009 12:00am
CLCV incidence in Punjab remained 83.10 percent

CLCV incidence in Punjab remained 83.10 percent

The incidence of Cotton Leaf Curl Virus (CLCV) in Punjab remained at 83.10 percent, while last year it was 54.34 percent, which would result in lower production of cotton crop, it is officially stated. These figures are based on the data issued by the Dep
Published 16 Sep, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (September 15, 2009).

Published 16 Sep, 2009 12:00am
CDWP may approve, recommend 29 projects costing Rs 110.7 billion

CDWP may approve, recommend 29 projects costing Rs 110.7 billion

The Central Development Working Party (CDWP) of the Planning Commission may approve and recommend 29 projects, costing RS 110.7 billion, including "construction of additional family suites for members of parliament," costing Rs 3042.749 million in its mee
Published 16 Sep, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (September 15, 2009).

Published 16 Sep, 2009 12:00am
Abiding by traffic rules can control road mishaps

Abiding by traffic rules can control road mishaps

Senior Superintendent of Police (SSP), Traffic, Dr Sultan Azam Temuri has said that the road accidents could be controlled abiding by the traffic rules and having basic knowledge of road-safety. Addressing the passing out ceremony of 48th batch of Islamab
Published 16 Sep, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (September 15, 2009).

Published 16 Sep, 2009 12:00am
'KESC responsible for Khori Garden incident'

'KESC responsible for Khori Garden incident'

The un-announced load shedding resulted in the Khori Garden incident in which 20 women and children were killed owing to suffocation and injuries due to stampede, maintains a miscellaneous application filed on Tuesday before High Court of Sindh.
Published 16 Sep, 2009 12:00am
RPPs may add 2000 megawatts to power generation system

RPPs may add 2000 megawatts to power generation system

Rental Power Plants (RPPs) are likely to add 2000 MW to the power generation system, said Tahir Basharat Cheema, Managing Director of Pakistan Electric Power Company (Pepco). He was talking to media men at the iftar-dinner hosted by the Chairman Wapda in
Published 16 Sep, 2009 12:00am
OGDC strikes oil and gas reserves in Dakhni Well

OGDC strikes oil and gas reserves in Dakhni Well

Oil and Gas Development Company (OGDC) has struck oil and gas reserves in Dakhni Well No 11, district Attock Punjab. According to information sent to Karachi Stocks Exchange (KSE) here on Tuesday, the well has produced 95 barrels per day of oil and 3.06 m
Published 16 Sep, 2009 12:00am
OGDC strikes oil and gas reserves in Dakhni Well

OGDC strikes oil and gas reserves in Dakhni Well

Oil and Gas Development Company (OGDC) has struck oil and gas reserves in Dakhni Well No 11, district Attock Punjab. According to information sent to Karachi Stocks Exchange (KSE) here on Tuesday, the well has produced 95 barrels per day of oil and 3.06 m
Published 16 Sep, 2009 12:00am
OGDC strikes oil and gas reserves in Dakhni Well

OGDC strikes oil and gas reserves in Dakhni Well

Oil and Gas Development Company (OGDC) has struck oil and gas reserves in Dakhni Well No 11, district Attock Punjab. According to information sent to Karachi Stocks Exchange (KSE) here on Tuesday, the well has produced 95 barrels per day of oil and 3.06 m
Published 16 Sep, 2009 12:00am
President grants special remissions in jail terms

President grants special remissions in jail terms

President Asif Ali Zardari on Tuesday approved special remissions in jail terms on the occasion of Eid-ul-Fitr. Special remissions, approved by the President on the advice of the Prime Minister and under article 45 of the Constitution, include total remis
Published 16 Sep, 2009 12:00am
Petition seeks appointment of judges under Islamic injunctions

Petition seeks appointment of judges under Islamic injunctions

A constitutional petition seeking appointment of superior court judges in light of Supreme Court verdict in Al-Jihad Trust case of 1996, especially with reference to Islamic concept of employing a transparent manner in the selection of judges, was filed i
Published 16 Sep, 2009 12:00am
4,865 Pakistanis languishing in jails abroad

4,865 Pakistanis languishing in jails abroad

As many as 4,865 Pakistani, out of a total 5.6 million living abroad, are detained in different jails in various counties across the world. Most of the detainees, 1,579, had been kept in Saudi jails on different charges, a senior representative of Foreign
Published 16 Sep, 2009 12:00am
Global market for MFPs: Samsung recognised

Global market for MFPs: Samsung recognised

Samsung Electronics Co, Ltd, is recognised as the global market for multifunction printers (MFPs) in the second quarter despite strong global economic headwinds. The rating was awarded by IDC, a market research firm which accredited 23.4 percent of the ma
Published 16 Sep, 2009 12:00am
'Rs 120 million development package approved for Peshawar city'

'Rs 120 million development package approved for Peshawar city'

PPP Senator Farhat Abbas Tuesday said Prime Minister, Yousuf Raza Gilani, had approved a package of Rs 120 million for the development of Peshawar city. She said such development packages would also be sought for other districts of the province. Addressin
Published 16 Sep, 2009 12:00am
Genco-III plant: Pepco-PSO fuel supply accord signing today

Genco-III plant: Pepco-PSO fuel supply accord signing today

Despite strong resistance from Oil Marketing Companies (OMCs), Pakistan Electric Power Company (Pepco) has agreed in principle to sign fuel supply agreement with Pakistan State Oil (PSO) for power generation plant Genco-III located at Muzafargarah and the
Published 16 Sep, 2009 12:00am
Rice growers reject government's paddy support price

Rice growers reject government's paddy support price

The growers of Super Basmati rice have rejected the government's new paddy support price of Rs 1250 per 40-Kg for 2009-2010 season instead of last year's Rs 1500 per 40-Kg and said by reducing the support price, the government has deprived the small farme
Published 16 Sep, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Sep, 2009 12:00am
SHC appoints liquidator for three firms: KSE

SHC appoints liquidator for three firms: KSE

Sindh High Court (SHC) has appointed an official assignee Kadir Bakhsh Umrani as liquidator for the liquidation of Alif Textile Industries Ltd, Apex Fabrics Ltd and Myfip Video Industries Ltd. According to information reaching KSE here Tuesday, the learne
Published 16 Sep, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Sep, 2009 12:00am
Three terrorists killed, 18 held in Swat, Malakand operation

Three terrorists killed, 18 held in Swat, Malakand operation

Three terrorists have been killed and 18 others arrested by the security forces during the operation Rah-e-Raast in different areas of Swat and Malakand division during last 24 hours, while four terrorists have surrendered voluntarily before forces. The s
Published 16 Sep, 2009 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 16 Sep, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Sep, 2009 12:00am
'Sheikh Rashid to be invited to join Likeminded Group'

'Sheikh Rashid to be invited to join Likeminded Group'

Pakistan Muslim League (PML-Q) Likeminded Group president Salim Saifullah has said that his group will invite Sheikh Rashid Ahmed President Awami Muslim League to join Likeminded Group. Talking to reporters here on Tuesday after an Iftar dinner in the hon
Published 16 Sep, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 16 Sep, 2009 12:00am
Tajik envoy calls on Rehman Malik

Tajik envoy calls on Rehman Malik

Ambassador of the Tajikistan to Pakistan Zubaydov Zubaydullo Najotovich here, on Tuesday, called on Federal Minister for Interior A Rehman Malik and discussed matters of mutual interest and bilateral relations. Minister for Interior Rehman Malik expressed
Published 16 Sep, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (September 15, 2009).

Published 16 Sep, 2009 12:00am
Pakistan and China inked 50 initiatives, 36 MoUs in one year: Zardari

Pakistan and China inked 50 initiatives, 36 MoUs in one year: Zardari

President Asif Ali Zardari on Tuesday said during the last one year, Pakistan and China have identified more than 50 new initiatives for joint collaboration and signed more than three dozen MoUs. In an interview with Guangming Daily, one of the largely ci
Published 16 Sep, 2009 12:00am
Benazir Tractor Scheme: MCCI lauds move

Benazir Tractor Scheme: MCCI lauds move

The Multan Chamber of Commerce and Industry (MCCI) on Tuesday appreciated the federal government's move of launching Rs 4 billion Benazir Tractor Scheme aimed at revolutionising the agriculture sector through mechanisation for achieving self-sufficiency i
Published 16 Sep, 2009 12:00am
Over hundred markets back PIAF-Founders Alliance

Over hundred markets back PIAF-Founders Alliance

Chairman, Pakistan Industrial and Traders Association Front (PIAF),Irfan Qaiser Shaikh has claimed that over hundred of major city markets have announced their support for the PIAF-Founders Alliance. While talking to Business Recorder, he said that Tuesda
Published 16 Sep, 2009 12:00am
16th Foundation Day of CIBES celebrated

16th Foundation Day of CIBES celebrated

Sindh Minister for Education and Literacy, Pir Mazhar-ul-Haq on Monday said the educational facilities in Karachi and Hyderabad are better than the interior of the province. This he said while addressing to the students on 16th Foundation Day of Commecs I
Published 16 Sep, 2009 12:00am
Sunrise Capital starts operations

Sunrise Capital starts operations

The Sunrise Capital (Private) Limited, a corporate member of Karachi Stock Exchange (G) Limited, has started its operations with the approval of SECP and all related to the concerned departments. Azam Khan, is the Chief Executive of Sunrise Capital (pvt)
Published 16 Sep, 2009 12:00am
Sunrise Capital starts operations

Sunrise Capital starts operations

The Sunrise Capital (Private) Limited, a corporate member of Karachi Stock Exchange (G) Limited, has started its operations with the approval of SECP and all related to the concerned departments. Azam Khan, is the Chief Executive of Sunrise Capital (pvt)
Published 16 Sep, 2009 12:00am
Bacterial leaf blight: paddy growers advised to take precautionary steps

Bacterial leaf blight: paddy growers advised to take precautionary steps

Precautionary measures and balanced use of fertiliser can be helpful to mitigate infestation of rice blight. The department of agriculture Punjab has informed the rice growers that the paddy crop was most susceptible to bacterial leaf blight, which advers
Published 16 Sep, 2009 12:00am
Donation of Rs five million for Shaukat Khanum Hospital

Donation of Rs five million for Shaukat Khanum Hospital

A donation of Rs 5 million has been extended to the Shaukat Khanum Memorial Cancer Hospital by the Pepsi Cola Pakistan Limited, a statement issued on Tuesday. It said that the donation would be utilised by the Hospital to expand its current cafeteria whic
Published 16 Sep, 2009 12:00am
Water shortage in Quetta

Water shortage in Quetta

Several localities of provincial capital are still facing shortage of drinking water despite passing several days. APP learnt on Tuesday that several areas of the city particularly Sariab Road, Kawari Road, New Fakir Muhammad Road, Toghi Road, Kasi Road,
Published 16 Sep, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (September 15, 2009).

Published 16 Sep, 2009 12:00am
Meezan Bank launches Visa Debit card

Meezan Bank launches Visa Debit card

Meezan Bank, Pakistan's first and largest Islamic Bank, takes another step towards providing 'world-class products and services to its customers by launching the Meezan Visa Debit Card'. This was announced in a statement of the Bank issued here, on Tuesda
Published 16 Sep, 2009 12:00am
Eid cards - a casualty of technology

Eid cards - a casualty of technology

A sharp decline has been witnessed in the sale of Eid cards over the past few years in the city, as now people prefer cheaper and more advanced modes for exchanging greetings. A card seller said majority of the people have now computers and cell phones wh
Published 16 Sep, 2009 12:00am
TCP allows USC in Sindh to lift 17,000 tons imported sugar

TCP allows USC in Sindh to lift 17,000 tons imported sugar

The Trading Corporation of Pakistan (TCP) has allowed the Utility Stores Corporation (USC) in Sindh to procure 17000 tons white refined imported sugar to end the shortage of commodity in the Utility Stores outlets in the province.
Published 16 Sep, 2009 12:00am
NPLs are a big threat to banking industry: Raza

NPLs are a big threat to banking industry: Raza

National Bank of Pakistan President Ali Raza said on Tuesday that rising non-performing loans (NPLs) "are a big threat" for banking industry, which is already facing decline in profit due to slow economic activity. Talking with newsmen at NBP Iftar-dinner
Published 16 Sep, 2009 12:00am
Ozone Day today

Ozone Day today

Like other world nations, Pakistan will also be observing International Ozone Day on Wednesday (today). Around 195 countries all over the world including Pakistan will observe the Day with a renewed commitment to curtail emission, resulting in ozone deple
Published 16 Sep, 2009 12:00am
THE RUPEE: dollar slightly down

THE RUPEE: dollar slightly down

Improved inflows, helped the rupee to hold its overnight level against dollar, dealers said on Tuesday. On the interbank market, the rupee gained five paisa against dollar for buying and selling at 82.75 and 82.80, they said. In the Asian trade dollar edg
Published 16 Sep, 2009 12:00am
FDI continues to decline

FDI continues to decline

We cheer the rise in foreign exchange reserves amid control on monthly imports and the stock exchange breaching its year end consensus forecast on the back of foreign inflows in local market, the dwindling foreign direct investment indicates shrinking glo
Published 16 Sep, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 15, 2009).

Published 16 Sep, 2009 12:00am
Circular debt hits the refineries' production

Circular debt hits the refineries' production

The curse that is circular debt has been quite a menace to the economy in general and country's refinery sector in specific during August. The government's failure to inject adequate liquidity in the system during August led to refineries operating at low
Published 16 Sep, 2009 12:00am
Lucky's African venture

Lucky's African venture

News on where in Africa would Lucky Cement set up its planned capacity is still a big hush hush in the market. Apparently, company officials haven't decided yet, as their plans to set up the plant is still, reportedly, at a nascent stage.
Published 16 Sep, 2009 12:00am
Police to remain alert during Eid days

Police to remain alert during Eid days

As many as 20,000 police officials will remain alert in the provincial metropolis, while all Divisional SPs will patrol their respective areas to ensure peace during the days of Eid-ul-Fitr. Capital City Police Officer (CCPO) Muhammad Pervez Rathore said
Published 16 Sep, 2009 12:00am
THE RUPEE: dollar slightly down

THE RUPEE: dollar slightly down

Improved inflows, helped the rupee to hold its overnight level against dollar, dealers said on Tuesday. On the interbank market, the rupee gained five paisa against dollar for buying and selling at 82.75 and 82.80, they said. In the Asian trade dollar edg
Published 16 Sep, 2009 12:00am
'APHC to strengthen liberation movement'

'APHC to strengthen liberation movement'

The Chairman of All Parties Hurriyet Conference (APHC), Mirwaiz Umar Farooq has said that a comprehensive strategy will be devised to strengthen the Kashmir liberation movement at all levels. In a media interview in occupied Srinagar after his re-election
Published 16 Sep, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 15, 2009).

Published 16 Sep, 2009 12:00am
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