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Print - 2009-10-17
Pacra assigns IFS "A" rating to Adamjee life assurance company

Pacra assigns IFS "A" rating to Adamjee life assurance company

The Pakistan Credit Rating Agency (Pacra) has assigned the Insurer Financial Strength (IFS) rating of "A" (Single A) to Adamjee Life Assurance Company Limited (ALAC). The rating denotes ALAC's strong capacity to meet policyholder and contract obligations.
Published 17 Oct, 2009 12:00am
NWFP education budget goes up by 20 percent

NWFP education budget goes up by 20 percent

NWFP Minister for Elementary and Secondary Education, Sardar Hussain Babak has said that Rs 4990.480 million were allocated in the current fiscal year budget for elementary and secondary education, which are 20 percent high as compared to corresponding ye
Published 17 Oct, 2009 12:00am
Owais condemns blast

Owais condemns blast

NWFP Governor Owais Ahmed Ghani has strongly condemned the suicide bomb blast near Police Investigation Cell here on Friday and described it a highly cowardly act of terrorism. He expressed his deep grief and sorrow over the loss of precious lives. In a p
Published 17 Oct, 2009 12:00am
PPRA called for report on violation of PPR by PHA

PPRA called for report on violation of PPR by PHA

The Public Procurement Regulatory Authority (PPRA) has called for a comprehensive report and comments from Pakistan Housing Authority (PHA) regarding violation of Public Procurement Rules (PPR)-2004. Following a complaint received from Transparency Intern
Published 17 Oct, 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 17 Oct, 2009 12:00am
'Terrorists trying to destabilise economy'

'Terrorists trying to destabilise economy'

Provincial Minister for Finance, Planning & Development, Tanvir Ashraf Kaira has said that terrorists are trying to destabilise the country's economy as well as democratic process by using cowardly acts of attacks on security agencies. He was talking to a
Published 17 Oct, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (October 16, 2009).

Published 17 Oct, 2009 12:00am
Bilour elected Senate commerce body chief

Bilour elected Senate commerce body chief

Senator Ilyas Bilour was on Friday elected as Chairman of Senate standing committee on commerce, considered to be one of the most important senate committees. Captain Rasheed Abro, Chairman of Pakistan Ship Agents Association, conveying this information t
Published 17 Oct, 2009 12:00am
The Weather

The Weather

The weather report on Friday (October 16, 2009) and the forecast for Saturday (October 17, 2009).

Published 17 Oct, 2009 12:00am
APCNGA for devising integrated energy policy

APCNGA for devising integrated energy policy

Chairman, All Pakistan CNG Association (APCNGA), Junaid Ismail Makda has urged President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani to direct concerned authorities to formulate an integrated energy policy on war footing basis. In a commun
Published 17 Oct, 2009 12:00am
NWFP E&T Department achieves 95 percent of target: minister

NWFP E&T Department achieves 95 percent of target: minister

NWFP Minister for Excise and Taxation Liaqat Shabab has said that Excise and Taxation Department has made record recovery, despite recent wave of insurgency, and achieved 95 percent target set for the year 2008-09.
Published 17 Oct, 2009 12:00am
Lahorites perturbed over heightened security

Lahorites perturbed over heightened security

The unprecedented security arrangements made by the law enforcement agencies following a series of terrorist attacks in Lahore have created a sense of anxiety among the inhabitants of the provincial metropolis. The barricades put up by security officials
Published 17 Oct, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 17 Oct, 2009 12:00am
Lahore attacks disturb business community

Lahore attacks disturb business community

Thursday's terrorist attack in the city has panicked the business community and they have feared further decline in business activities ahead in case of the continuity of terrorist activities in the country. It may be noted that the business community was
Published 17 Oct, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 17 Oct, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 16, 2009).

Published 17 Oct, 2009 12:00am
SBP Sports Complex's inauguration today

SBP Sports Complex's inauguration today

Governor, State Bank of Pakistan (SBP), Syed Salim Raza will inaugurate the SBP Sports Complex in Karachi, today (Saturday) at 4.00 pm. The SBP Sports Complex, located at North Nazimabad, Karachi (opposite Bakhtiari Youth Centre), offers facilities for cr
Published 17 Oct, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 16, 2009).

Published 17 Oct, 2009 12:00am
Imtiaz Abid takes charge as Chief Engineer LDA

Imtiaz Abid takes charge as Chief Engineer LDA

Chief Engineer, Traffic Engineering and Transportation Planning Agency (TEPA), Imtiaz Abid has been given the additional charge of Chief Engineer, Lahore Development Authority (Urban Development Wing). According to a LDA spokesman here on Friday, Abid has
Published 17 Oct, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 16, 2009).

Published 17 Oct, 2009 12:00am
Shell Pakistan earns Rs 689.7 million profit after tax

Shell Pakistan earns Rs 689.7 million profit after tax

Shell Pakistan Limited has earned Rs 689.799 million as profit after tax in the first quarter (July-September) of FY10 as compared to after tax loss of Rs 1,195.770 million recorded in the corresponding period in FY09. The board of directors of the compan
Published 17 Oct, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (October 16, 2009) and for Saturday (October 17, 2009).
Published 17 Oct, 2009 12:00am
Shell Pakistan earns Rs 689.7 million profit after tax

Shell Pakistan earns Rs 689.7 million profit after tax

Shell Pakistan Limited has earned Rs 689.799 million as profit after tax in the first quarter (July-September) of FY10 as compared to after tax loss of Rs 1,195.770 million recorded in the corresponding period in FY09. The board of directors of the compan
Published 17 Oct, 2009 12:00am
Railway decides not to ply 'Buraq Express'

Railway decides not to ply 'Buraq Express'

Pakistan Railway (PR) has decided not to ply the non-stop passenger train 6th-DN Tezrao from November 1, between Islamabad/Rawalpindi to Karachi. Railways Headquarter has been issued directives to suspend the operations of this train forthwith, well place
Published 17 Oct, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 16, 2009).

Published 17 Oct, 2009 12:00am
'CEC not bound to consult executive authority for fixing schedule'

'CEC not bound to consult executive authority for fixing schedule'

There was no provision of constitution or the law which required the Chief Election Commissioner to consult any executive authority in federation or in provinces before issuing schedule of by-election. This was clarified in a reply of CEC filed before a d
Published 17 Oct, 2009 12:00am
PAF squadron to participate in 'Bright Star'

PAF squadron to participate in 'Bright Star'

A PAF fighter squadron comprising fighter aircraft along with its compliment of Airmen reached few days ago at an operational Air Base in Egypt to participate in exercise "Bright Star 2009". It is a multinational biennial joint exercise designed to improv
Published 17 Oct, 2009 12:00am
Dubai Islamic Bank launches Bancatakaful

Dubai Islamic Bank launches Bancatakaful

With the introduction of Al-Islami Saving & Takaful Plan, Dubai Islamic Bank Pakistan Limited (DIBPL) has become the first Islamic bank to launch Bancatakaful in Pakistan, maintaining its tradition of being an industry leader. The Al-Islami Saving & Takaf
Published 17 Oct, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 16, 2009).

Published 17 Oct, 2009 12:00am
President OPIC visits KCCI

President OPIC visits KCCI

Overseas Private Investment Corporation (OPIC), a leading US owned Government corporation representative Rod Morris, Vice President visited Karachi Chamber of Commerce and Industry and called on President-KCCI, Abdul Majid Haji Muhammad to deliver a prese
Published 17 Oct, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 16, 2009).

Published 17 Oct, 2009 12:00am
International Day for Eradication of Poverty today

International Day for Eradication of Poverty today

The International Day for the Eradication of Poverty is being observed through out the world, including Pakistan today (Saturday). The UN General Assembly designated this day in 1992 to promote awareness to eradicate poverty and destitution in the world,
Published 17 Oct, 2009 12:00am
PSC panel discussion on China's role for stability in Pakistan

PSC panel discussion on China's role for stability in Pakistan

Punjab University Pakistan Study Centre (PSC) arranged a panel discussion 'China's Role for Stability in Pakistan' here at the Centre on Friday. Peking University, Beijing Professor Dr Qian Xuemei, FC College University's Centre for Public Policy and Gove
Published 17 Oct, 2009 12:00am
No training camps of terrorists exist in southern Punjab: Taseer

No training camps of terrorists exist in southern Punjab: Taseer

Punjab Governor Salman Taseer on Friday said there were not any training camps of terrorists in southern Punjab, however, Dera Ghazi Khan was a sensitive area. He said this while talking to the media during his visit to Lahore General Hospital where he en
Published 17 Oct, 2009 12:00am
THE RUPEE: rates stay put

THE RUPEE: rates stay put

Firmness prevailed on the currency market on Friday as the rupee did not show any change against the dollar in process of trading, dealers said. On the interbank market, the rupee did not move any side in terms of dollar for buying and selling at 83.20 an
Published 17 Oct, 2009 12:00am
Pillion riding banned in Karachi, Hyderabad

Pillion riding banned in Karachi, Hyderabad

The law enforcement agencies have been directed to beef up security throughout the province especially in Karachi and Hyderabad to avoid any untoward incident. The Sindh government has once again imposed ban on pillion ridding for a period of 30 days with
Published 17 Oct, 2009 12:00am
THE RUPEE: rates stay put

THE RUPEE: rates stay put

Firmness prevailed on the currency market on Friday as the rupee did not show any change against the dollar in process of trading, dealers said. On the interbank market, the rupee did not move any side in terms of dollar for buying and selling at 83.20 an
Published 17 Oct, 2009 12:00am
Power system restoration, street pavement completed in parts of Bajaur

Power system restoration, street pavement completed in parts of Bajaur

For provision of basic facilities, the government has successfully completed street pavements and upgraded sanitation drains, while rehabilitated the electricity system of six villages in Khar Tehsil of Bajaur Agency. These developmental activities would
Published 17 Oct, 2009 12:00am
World Food Day: Pakistan commits to addressing malnourishment issue

World Food Day: Pakistan commits to addressing malnourishment issue

Pakistan observed World Food Day with much needed commitment to address the issue of malnourishment among a significant portion of its population. Despite being an agrarian economy many of its people, mainly those based in rural areas, are undernourished.
Published 17 Oct, 2009 12:00am
Primary teachers to observe protest day against police on October 21

Primary teachers to observe protest day against police on October 21

All Sindh Primary Teachers Association has given call of protest on 21st October 2009 throughout the province against police failure to arrest killers of a primary teacher Abdul Ghafoor Channa who was killed in his village Nangar Makan tehsil Daulatpur di
Published 17 Oct, 2009 12:00am
NED to confer two PhD degrees in computer science

NED to confer two PhD degrees in computer science

The Syndicate of the NED university of Engineering and Technology Karachi has approved the conferment of two Ph.D. degrees in Computer Science. This was stated by the Registrar of the institution, Engr. Javed Aziz Khan, on Friday. He said that the recipie
Published 17 Oct, 2009 12:00am
Sindh education conference from today

Sindh education conference from today

A two-day Sindh Education Conference will be organised here from October 17 (today). An announcement on Friday said that the moot would be held under the auspices of Tanzeem Asatiza Pakistan, Sindh. It said that the senior educationalists and teachers wou
Published 17 Oct, 2009 12:00am
HEC to expand PhD scholarship programme, establish more universities

HEC to expand PhD scholarship programme, establish more universities

Higher Education Commission (HEC) will expand its Ph.D scholarship programme and establish more universities across the country to promote higher education. This was stated by Chairman Higher Education Commission (HEC) Dr Javed R Laghari at a briefing hel
Published 17 Oct, 2009 12:00am
Floral wreath laid on martyred soldiers' portraits

Floral wreath laid on martyred soldiers' portraits

Chief Justice Lahore High Court (LHC) Khawaja Muhammad Sharif along with Justice Mian Saqib Nisar visited the Mall and laid floral wreath on the portraits of army soldiers who sacrificed their lives in GHQ terrorist attack. The portraits of martyrs are in
Published 17 Oct, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (October 16, 2009).

Published 17 Oct, 2009 12:00am
Experts see downtrend in gold prices

Experts see downtrend in gold prices

Market experts are expecting slightly downward trend in the international and local gold prices as the rate of gold per ounce witnessed $3 dip on Friday to $1,050 from $1053 of Thursday. According to Haroon Rasheed Chand, President of All Sindh Saraf and
Published 17 Oct, 2009 12:00am
PML-N announces candidates for Gilgit-Baltistan polls

PML-N announces candidates for Gilgit-Baltistan polls

Pakistan Muslim League-Nawaz (PML-N) on Friday announced 15 candidates for the forthcoming elections of Gilgit-Baltistan Council. PML-N Spokesman Siddiqul Farooq unveiled the name of party candidates at a news conference here.
Published 17 Oct, 2009 12:00am
NRO a stigma for democracy: Elahi

NRO a stigma for democracy: Elahi

Pakistan Muslim League (Q) Punjab Chief, Chaudhry Pervez Elahi on Friday declared the National Reconciliation Ordinance (NRO) a stigma for democracy and vowed that his party will not allow the government to pass the NRO.
Published 17 Oct, 2009 12:00am
President awards 'Aizaz-i-Fazeelat' to Buttar

President awards 'Aizaz-i-Fazeelat' to Buttar

President Asif Ali Zardari has awarded "Aizaz-i-Fazeelat" to Zafarullah Khan Buttar, Principal, Federal Government College of Commerce, Sector H- 8/4, Islamabad. As per the notification, Federal Minister for Education would confer the award on Zafa
Published 17 Oct, 2009 12:00am
'Terrorists next target was Islamabad Police Lines'

'Terrorists next target was Islamabad Police Lines'

The two terrorists arrested by Islamabad Police on Thursday night stated that they were planning to attack some important buildings in the capital. However, their next target was Police Lines, Islamabad, in Sector H-9.
Published 17 Oct, 2009 12:00am
Indonesia-Pakistan calligraphy exhibition inaugurated

Indonesia-Pakistan calligraphy exhibition inaugurated

The three-day Indonesia-Pakistan Calligraphy and Indonesian Batik Exhibition and National Skill Development Workshops, inaugurated on Thursday, at National Art Gallery, Pakistan National Council of the Arts, has attracted a large number of visitors on its
Published 17 Oct, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Oct, 2009 12:00am
Iesco power shutdown notice

Iesco power shutdown notice

According to Iesco press release, power supply will remain suspended due to construction/maintenance works as per following schedule. Saturday 17 October From 0830 to 1330 Hours, Sowan Feeder, Bahria Town Feeer, DHA Feeder, Sowan, Bahria town, DHA and sur
Published 17 Oct, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Oct, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Oct, 2009 12:00am
LHC directs judges to record evidence in all cases

LHC directs judges to record evidence in all cases

The Lahore High Court (LHC) has directed the judges of subordinate courts to record evidence in all cases through appointment of commission in order to reduce heavy backlog of old/new cases and to achieve the goal of speedy disposal set out in National Ju
Published 17 Oct, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (October 16, 2009).

Published 17 Oct, 2009 12:00am
Punjab assembly condemns terrorist attacks

Punjab assembly condemns terrorist attacks

The Punjab Assembly Friday passed a unanimous resolution condemning the acts of terrorism at Shangla, Kohat, Peshawar, FIA Building in Lahore, Manawan Police Training Centre, and Bedian Elite Training School.
Published 17 Oct, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Oct, 2009 12:00am
ICAP clarification

ICAP clarification

Saqib Masood, Chairman Taxation Committee of the Institute of Chartered Accountants of Pakistan (ICAP) in a statement has expelled misleading facts reported in a news item appeared in the Business Recorder on 15 October 2009.
Published 17 Oct, 2009 12:00am
58th anniversary of Shaheed Liaquat Ali Khan observed

58th anniversary of Shaheed Liaquat Ali Khan observed

The 58th death anniversary of Pakistan' first Prime Minister Nawazada Liaquat Ali Khan was observed on Friday. Liaquat Ali was born on October 1, 1896 in India and assassinated on October 16, 1951 in Rawalpindi. In 1921, he obtained a degree in Law from O
Published 17 Oct, 2009 12:00am
Police arrest 37 suspects, recover arms

Police arrest 37 suspects, recover arms

Karachi Police claimed to have arrested at least 37 suspected persons wearing Malaysian-dress and recovered huge quantity of automatic Russian-made weapons from their possessions in Landhi town on Friday. According to sources at Sharafi Goth police statio
Published 17 Oct, 2009 12:00am
Boy thought to be in drifting balloon found safe

Boy thought to be in drifting balloon found safe

An American 6-year-old set off a massive search-and-rescue operation and media frenzy on Thursday for fear he was inside a home-made helium balloon that broke loose and drifted thousands of feet above Colorado for hours before he was found safe at home.
Published 17 Oct, 2009 12:00am
Boy thought to be in drifting balloon found safe

Boy thought to be in drifting balloon found safe

An American 6-year-old set off a massive search-and-rescue operation and media frenzy on Thursday for fear he was inside a home-made helium balloon that broke loose and drifted thousands of feet above Colorado for hours before he was found safe at home.
Published 17 Oct, 2009 12:00am
'Al Qaeda 'on the run' in Pakistan'

'Al Qaeda 'on the run' in Pakistan'

The unmanned air strikes by United States forces in Pakistan have al Qaeda fighters "on the run" a former senior British commander said Friday, while calling for more troops in Afghanistan. In an interview with the German Press dpa, Colonel Richard Kemp,
Published 17 Oct, 2009 12:00am
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