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Print - 2009-12-20
Babar submits surety bonds after being granted bail

Babar submits surety bonds after being granted bail

Federal Minister for Law, Justice and Parliamentary Affairs, Dr Babar Awan on Friday submitted two surety bonds amounting to Rs 100,000 each at a local court after being granted bail and cancellation of his arrest warrant. According to details, owner of a
Published 20 Dec, 2009 12:00am
Demolishing illegal constructions: LDA pre-qualifies 18 private firms

Demolishing illegal constructions: LDA pre-qualifies 18 private firms

The Lahore Development Authority (LDA) has pre-qualified 18 private firms for accelerating its ongoing drive against illegally constructed commercial plazas as well as removing alterations made in such premises, in violation of the approved building plans
Published 20 Dec, 2009 12:00am
PAF gets force-multiplier capability

PAF gets force-multiplier capability

The first Air-to-Air Refueler aircraft of Pakistan Air Force out of total four has arrived on an operational Air Base of the country, a spokesman of PAF here on Saturday said. In a press statement the spokesman said, the delivery of remaining three Refuel
Published 20 Dec, 2009 12:00am
NDMA discusses operationalisation of DDMAs

NDMA discusses operationalisation of DDMAs

National Disaster Management Authority held a one-day meeting here on Saturday to discuss the operationalisation of District Disaster Management Authorities (DDMAs) in high-risk districts of the country. District Co-ordination Officers (DCOs) of the nine
Published 20 Dec, 2009 12:00am
Christmas celebrations: candle light carol service on December 20

Christmas celebrations: candle light carol service on December 20

Cathedral Church will hold a candle light carol service on Sunday, December 20 (today). The service dedicated to Christmas celebrations will be held at 6:00 pm, said a press release. Another special program for Christmas festivities will be arranged for c
Published 20 Dec, 2009 12:00am
Commissioning ceremony of F-22P frigate held in Shanghai

Commissioning ceremony of F-22P frigate held in Shanghai

Commissioning of F-22P frigate for Pakistan - PNS Shamsheer - was held on Saturday at Shanghai, China, where Chief of Naval Staff Admiral Nauman Bashir was the chief guest. Speaking on the occasion, Admiral Nauman said "Pak-China friendship is deep rooted
Published 20 Dec, 2009 12:00am
ADB decides to streamline 'Country Partnership Strategies'

ADB decides to streamline 'Country Partnership Strategies'

Asian Development Bank (ADB) has decided to streamline "Country Partnership Strategies (CPS)", which will present a crisper statement of each ADB-DMC strategic partnership, improve preparation to minimise costs, and make the process less time consuming.
Published 20 Dec, 2009 12:00am
Five new LSE member-directors elected

Five new LSE member-directors elected

The Lahore Stock Exchange members on Saturday elected five Member Directors for the year 2010. There were nine contestants in the election for which 103 members polled their votes. Those who were declared elected include Umar Khalil Malik (59 votes), Muha
Published 20 Dec, 2009 12:00am
Five new LSE member-directors elected

Five new LSE member-directors elected

The Lahore Stock Exchange members on Saturday elected five Member Directors for the year 2010. There were nine contestants in the election for which 103 members polled their votes. Those who were declared elected include Umar Khalil Malik (59 votes), Muha
Published 20 Dec, 2009 12:00am
Five new LSE member-directors elected

Five new LSE member-directors elected

The Lahore Stock Exchange members on Saturday elected five Member Directors for the year 2010. There were nine contestants in the election for which 103 members polled their votes. Those who were declared elected include Umar Khalil Malik (59 votes), Muha
Published 20 Dec, 2009 12:00am
''Garment City'' project approved by government

''Garment City'' project approved by government

Sindh Chief Minister has approved in principle the establishment of a Garment City in Hyderabad and allowed allocation of Rs 100 million for feasibility preparation. Chairing a departmental meeting on Saturday, Sindh Minister for Industries and Commerce s
Published 20 Dec, 2009 12:00am
'Garment City' project approved by government

'Garment City' project approved by government

Sindh Chief Minister has approved in principle the establishment of a Garment City in Hyderabad and allowed allocation of Rs 100 million for feasibility preparation. Chairing a departmental meeting on Saturday, Sindh Minister for Industries and Commerce s
Published 20 Dec, 2009 12:00am
'Garment City' project approved by government

'Garment City' project approved by government

Sindh Chief Minister has approved in principle the establishment of a Garment City in Hyderabad and allowed allocation of Rs 100 million for feasibility preparation. Chairing a departmental meeting on Saturday, Sindh Minister for Industries and Commerce s
Published 20 Dec, 2009 12:00am
Supreme Court decision: Makro responds

Supreme Court decision: Makro responds

Makro-Habib Pakistan Ltd (MHPL) has always respected the laws of the country and thus any ruling of the Supreme Court of Pakistan. The media has reported that the Supreme Court has cancelled the action of the Ministry of Defence of granting a 90-year leas
Published 20 Dec, 2009 12:00am
Supreme Court decision: Makro responds

Supreme Court decision: Makro responds

Makro-Habib Pakistan Ltd (MHPL) has always respected the laws of the country and thus any ruling of the Supreme Court of Pakistan. The media has reported that the Supreme Court has cancelled the action of the Ministry of Defence of granting a 90-year leas
Published 20 Dec, 2009 12:00am
Supreme Court decision: Makro responds

Supreme Court decision: Makro responds

Makro-Habib Pakistan Ltd (MHPL) has always respected the laws of the country and thus any ruling of the Supreme Court of Pakistan. The media has reported that the Supreme Court has cancelled the action of the Ministry of Defence of granting a 90-year leas
Published 20 Dec, 2009 12:00am
KSE recomposes KMI-30 Index

KSE recomposes KMI-30 Index

The Karachi Stock Exchange (Guarantee) Limited has recomposed KSE Meezan 30 Index to take effect from December 21, 2009. According to KSE, seven companies, namely Attock Cement Pakistan, D G Khan Cement, Fauji Fertiliser (BQ), Kohinoor Energy, Packages, S
Published 20 Dec, 2009 12:00am
KSE recomposes KMI-30 Index

KSE recomposes KMI-30 Index

The Karachi Stock Exchange (Guarantee) Limited has recomposed KSE Meezan 30 Index to take effect from December 21, 2009. According to KSE, seven companies, namely Attock Cement Pakistan, D G Khan Cement, Fauji Fertiliser (BQ), Kohinoor Energy, Packages, S
Published 20 Dec, 2009 12:00am
KSE recomposes KMI-30 Index

KSE recomposes KMI-30 Index

The Karachi Stock Exchange (Guarantee) Limited has recomposed KSE Meezan 30 Index to take effect from December 21, 2009. According to KSE, seven companies, namely Attock Cement Pakistan, D G Khan Cement, Fauji Fertiliser (BQ), Kohinoor Energy, Packages, S
Published 20 Dec, 2009 12:00am
The Weather

The Weather

The weather report on Saturday (December 19, 2009) and the forecast for Sunday (December 20, 2009).

Published 20 Dec, 2009 12:00am
Former Yugoslav republics fete visa-free travel to Europe

Former Yugoslav republics fete visa-free travel to Europe

Serbia, Macedonia and Montenegro Saturday feted the abolition of European visa restrictions for citizens after almost 18 years as a return of the Balkans to the continent. "So it works! Serbian citizens can really cross the border without visas," said Ser
Published 20 Dec, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
IMF approves $31 million for Seychelles to boost reforms

IMF approves $31 million for Seychelles to boost reforms

The Seychelles government said on Saturday a new $31 million loan from the International Monetary Fund would support a second wave of reforms on the heavily indebted Indian Ocean archipelago. IMF approved the loan in the early hours of Saturday and cancel
Published 20 Dec, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
Bolivian student crowned 'Mister International' in Taiwan

Bolivian student crowned 'Mister International' in Taiwan

A Bolivian student beat off heart throbs from around the world to win an international male beauty pageant in Taiwan on Saturday. Bruno Kettels, 20, won out against 30 other hopefuls to take the Mister International crown. Kettels, an engineering major, w
Published 20 Dec, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (December 19, 2009) and for Sunday (December 20, 2009).
Published 20 Dec, 2009 12:00am
Two Thar coal schemes taken back from MoWP

Two Thar coal schemes taken back from MoWP

The Sindh government has succeeded in taking back two schemes from the Ministry of Water and Power, it is learnt. According to sources, the Planning Commission had asked the Ministry of Water and Power to execute two schemes--''construction of new process
Published 20 Dec, 2009 12:00am
Two Thar coal schemes taken back from MoWP

Two Thar coal schemes taken back from MoWP

The Sindh government has succeeded in taking back two schemes from the Ministry of Water and Power, it is learnt. According to sources, the Planning Commission had asked the Ministry of Water and Power to execute two schemes--'construction of new processi
Published 20 Dec, 2009 12:00am
Two Thar coal schemes taken back from MoWP

Two Thar coal schemes taken back from MoWP

The Sindh government has succeeded in taking back two schemes from the Ministry of Water and Power, it is learnt. According to sources, the Planning Commission had asked the Ministry of Water and Power to execute two schemes--'construction of new processi
Published 20 Dec, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 19, 2009).

Published 20 Dec, 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 Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
NAB courts facing shortage of special prosecutors

NAB courts facing shortage of special prosecutors

The National Accountability Bureau (NAB) Criminal Prosecution Services Department Sindh Circle is finding it extremely difficult to resuscitate the corruption cases due to an acute shortage of special prosecutors. Sources in Criminal Prosecution Services
Published 20 Dec, 2009 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
NAB courts facing shortage of special prosecutors

NAB courts facing shortage of special prosecutors

The National Accountability Bureau (NAB) Criminal Prosecution Services Department Sindh Circle is finding it extremely difficult to resuscitate the corruption cases due to an acute shortage of special prosecutors. Sources in Criminal Prosecution Services
Published 20 Dec, 2009 12:00am
CJP constitutes one bench for next week

CJP constitutes one bench for next week

Chief Justice of Pakistan, Iftikhar Muhammad Chaudhry has constituted one bench for the next week starting from December 21 here at the Principal Seat to hear a number of cases. The single bench includes the Chief Justice, Justice Anwar Zaheer Jamali and
Published 20 Dec, 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 Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
ATT promoting unfair trade, illegal money transfer

ATT promoting unfair trade, illegal money transfer

The Afghan Transit Trade (ATT), which was started to facilitate the troubled nation, has given rise to unfair trade and illegal transfer of foreign exchange in Pakistan. Sources told Business Recorder on Saturday that ATT is the main cause of unfai
Published 20 Dec, 2009 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
ATT promoting unfair trade, illegal money transfer

ATT promoting unfair trade, illegal money transfer

The Afghan Transit Trade (ATT), which was started to facilitate the troubled nation, has given rise to unfair trade and illegal transfer of foreign exchange in Pakistan. Sources told Business Recorder on Saturday that ATT is the main cause of unfai
Published 20 Dec, 2009 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
ATT promoting unfair trade, illegal money transfer

ATT promoting unfair trade, illegal money transfer

The Afghan Transit Trade (ATT), which was started to facilitate the troubled nation, has given rise to unfair trade and illegal transfer of foreign exchange in Pakistan. Sources told Business Recorder on Saturday that ATT is the main cause of unfai
Published 20 Dec, 2009 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
Stern warning to tax evaders: ''FBR can freeze bank accounts

Stern warning to tax evaders: ''FBR can freeze bank accounts

Federal Board of Revenue Chairman Sohail Ahmed on Saturday categorically declared that the FBR has decided to exercise three options to deal with tax evaders ie freezing bank accounts, auctioning movable/immovable property and arrest particularly non-file
Published 20 Dec, 2009 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
Stern warning to tax evaders: 'FBR can freeze bank accounts

Stern warning to tax evaders: 'FBR can freeze bank accounts

Federal Board of Revenue Chairman Sohail Ahmed on Saturday categorically declared that the FBR has decided to exercise three options to deal with tax evaders ie freezing bank accounts, auctioning movable/immovable property and arrest particularly non-file
Published 20 Dec, 2009 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
Stern warning to tax evaders: 'FBR can freeze bank accounts

Stern warning to tax evaders: 'FBR can freeze bank accounts

Federal Board of Revenue Chairman Sohail Ahmed on Saturday categorically declared that the FBR has decided to exercise three options to deal with tax evaders ie freezing bank accounts, auctioning movable/immovable property and arrest particularly non-file
Published 20 Dec, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
US Senate approves $636 billion military spending bill

US Senate approves $636 billion military spending bill

The US Senate approved a $636 billion military spending bill on Saturday that funds the wars in Iraq and Afghanistan and also includes money to extend jobless aid and Medicare payment rates for two months. By a vote of 88-10, the Senate approved the bill
Published 20 Dec, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
US Senate approves $636 billion military spending bill

US Senate approves $636 billion military spending bill

The US Senate approved a $636 billion military spending bill on Saturday that funds the wars in Iraq and Afghanistan and also includes money to extend jobless aid and Medicare payment rates for two months. By a vote of 88-10, the Senate approved the bill
Published 20 Dec, 2009 12:00am
NWFP spinners offer supply of yarn to Faisalabad

NWFP spinners offer supply of yarn to Faisalabad

Chairman, All Pakistan Textile Mills Association (APTMA), NWFP, Afan Aziz has dispelled the impression of non-availability of cotton yarn in the local market, saying that sufficient stock of the commodity was available with the spinning industry of the co
Published 20 Dec, 2009 12:00am
NWFP spinners offer supply of yarn to Faisalabad

NWFP spinners offer supply of yarn to Faisalabad

Chairman, All Pakistan Textile Mills Association (APTMA), NWFP, Afan Aziz has dispelled the impression of non-availability of cotton yarn in the local market, saying that sufficient stock of the commodity was available with the spinning industry of the co
Published 20 Dec, 2009 12:00am
THE RUPEE: dollar recovers

THE RUPEE: dollar recovers

Declining trend was seen on the currency market on Saturday as strong buying of dollars forced the rupee to give up its overnight gains in terms of the US currency, dealers said. On the interbank market the rupee lost 15 paisa against dollar for buying an
Published 20 Dec, 2009 12:00am
NWFP spinners offer supply of yarn to Faisalabad

NWFP spinners offer supply of yarn to Faisalabad

Chairman, All Pakistan Textile Mills Association (APTMA), NWFP, Afan Aziz has dispelled the impression of non-availability of cotton yarn in the local market, saying that sufficient stock of the commodity was available with the spinning industry of the co
Published 20 Dec, 2009 12:00am
THE RUPEE: dollar recovers

THE RUPEE: dollar recovers

Declining trend was seen on the currency market on Saturday as strong buying of dollars forced the rupee to give up its overnight gains in terms of the US currency, dealers said. On the interbank market the rupee lost 15 paisa against dollar for buying an
Published 20 Dec, 2009 12:00am
Faran elected KPC president

Faran elected KPC president

Muhammad Imtiaz Khan Faran of 'The Democrats' was elected President of Karachi Press Club in the KPC elections 2010, held here on Saturday. It was a landslide victory for 'The Democrats', who bagged all the seats for office-bearers. Faran secured 429 vote
Published 20 Dec, 2009 12:00am
Faran elected KPC president

Faran elected KPC president

Muhammad Imtiaz Khan Faran of 'The Democrats' was elected President of Karachi Press Club in the KPC elections 2010, held here on Saturday. It was a landslide victory for 'The Democrats', who bagged all the seats for office-bearers. Faran secured 429 vote
Published 20 Dec, 2009 12:00am
Afghanistan unveils new cabinet, technocrats stay

Afghanistan unveils new cabinet, technocrats stay

Afghan President Hamid Karzai plans to keep most of his top technocrat ministers favoured by the West in a new cabinet presented to parliament on Saturday, a list the government said included efficient and effective figures. Western diplomats have general
Published 20 Dec, 2009 12:00am
Afghanistan unveils new cabinet, technocrats stay

Afghanistan unveils new cabinet, technocrats stay

Afghan President Hamid Karzai plans to keep most of his top technocrat ministers favoured by the West in a new cabinet presented to parliament on Saturday, a list the government said included efficient and effective figures. Western diplomats have general
Published 20 Dec, 2009 12:00am
Taxpayers advised not to respond to illegal notices

Taxpayers advised not to respond to illegal notices

Taxpayers should not respond to illegal notices of the Regional Tax Office (RTO), Islamabad where sales tax record has been demanded for external audit of the Directorate of Revenue Receipt Audit (DRRA). A senior FBR official told Business Recorder on Sat
Published 20 Dec, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am
Taxpayers advised not to respond to illegal notices

Taxpayers advised not to respond to illegal notices

Taxpayers should not respond to illegal notices of the Regional Tax Office (RTO), Islamabad where sales tax record has been demanded for external audit of the Directorate of Revenue Receipt Audit (DRRA). A senior FBR official told Business Recorder on Sat
Published 20 Dec, 2009 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (December 19, 2009).

Published 20 Dec, 2009 12:00am