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Print - 2010-01-06
NA-55 Rawalpindi: ECP fixes February 24 for by-polls

NA-55 Rawalpindi: ECP fixes February 24 for by-polls

The Election Commission of Pakistan (ECP) on Tuesday fixed February 24, 2010 for by-polls in NA-55 Rawalpindi, the seat lying vacant after the resignation of Pakistan Muslim League (Nawaz) Haji Pervez Khan.
Published 06 Jan, 2010 12:00am
Conference discusses role of non-executive chairman

Conference discusses role of non-executive chairman

The role of non-executive chairman was discussed here on Tuesday at a conference organised by Pakistan Institute of Corporate Governance (PICG) and Pakistan Business Council (PBC). The speakers said that the subject is gaining significance recently, while
Published 06 Jan, 2010 12:00am
Ashura blast: it was a planted bomb: Karachi police

Ashura blast: it was a planted bomb: Karachi police

Karachi police on Tuesday revealed that Ashura day blast was the result of detonating a remote-controlled device, which claimed lives of at least 44 people, besides injuries to some 100 others.
Published 06 Jan, 2010 12:00am
Pakistan's cotton yarn still cheapest in world: Aptma

Pakistan's cotton yarn still cheapest in world: Aptma

The All Pakistan Textile Mills Association (Aptma) on Tuesday claimed that while cotton yarn crisis is looming on international front, Pakistan's commodity is still the cheapest in the world. Addressing a press conference here on Monday, Anwar Ahmed Tata,
Published 06 Jan, 2010 12:00am
PSM corruption case: SHC confirms Usman Farooqui's bail

PSM corruption case: SHC confirms Usman Farooqui's bail

A division bench of Sindh High Court (SHC) on Tuesday confirmed the interim pre-arrest bail earlier granted to the former chairman Pakistan Steel Mill (PSM), Usman Farooqui, in PSM corruption case. The bench comprising justices Mushir Alam and Munib Ahmed
Published 06 Jan, 2010 12:00am
Punishment to police officers

Punishment to police officers

SSP Investigation Lahore, Zulifqar Hameed has awarded punishments of different nature to seven police officers and officials of Investigation Wing on the charges of corruption, defective investigation, poor performance and misconduct.
Published 06 Jan, 2010 12:00am
Panel agrees to extend CEC's tenure to five years

Panel agrees to extend CEC's tenure to five years

The Parliamentary Committee on Constitutional Reform on Tuesday agreed to extend the tenure of Chief Election Commissioner from three years to five years. The committee met here with Senator Raza Rabbani in the chair and discussed all the clauses up to Ar
Published 06 Jan, 2010 12:00am
82nd birth anniversary of Z A Bhutto observed

82nd birth anniversary of Z A Bhutto observed

Pakistan Peoples Party (PPP) Punjab marked the 82nd birth anniversary of late Zulfiqar Ali Bhutto with traditional zeal and fervour, cutting cakes at different places in the town besides organising seminars and gatherings to eulogise the remarkable effort
Published 06 Jan, 2010 12:00am
PQA customs collectorate surpasses revenue target

PQA customs collectorate surpasses revenue target

The Collectorate of Customs Port Qasim Karachi has surpassed the assigned revenue target of customs duty for the first half of the financial year, 2009-10. Collection of Customs duty stood at Re. 11947 millions as against the assigned target of Rs 11804 m
Published 06 Jan, 2010 12:00am
Unauthorised fare-increase by urban transporters stayed

Unauthorised fare-increase by urban transporters stayed

The Lahore High Court (LHC) Chief Justice Khawaja Muhammad Sharif here on Tuesday stayed unauthorised increase in fares by urban transport services and adjourned the suo motu proceedings to January 12. Chief Justice while issuing these orders also constit
Published 06 Jan, 2010 12:00am
Tesco shutdown notice

Tesco shutdown notice

Owing to some necessary work at 132 kv grid station Shahibagh, partial load shedding will be carried out on 66 grid station Badaber, Mattani, Warsak and 132 kv grid stations Jamrud, Warsak, Hayatabad and Landi Kotal on January 6, from 10:00 hrs to 13:00 h
Published 06 Jan, 2010 12:00am
Seven killed in various incidents

Seven killed in various incidents

At least seven people were killed including two political workers in different incidents across the city on Tuesday, police and witnesses said. As per details, unknown armed men shot dead Roedad Khan, 42, son of Hunaid Khan.
Published 06 Jan, 2010 12:00am
'PPP wants to promote reconciliation'

'PPP wants to promote reconciliation'

The government of Pakistan Peoples Party wants to promote national reconciliation aiming to ensure prosperous Pakistan, State Minister for Ports and Shipping Sardar Nabil Gabool said Tuesday. Had Charter of Democracy (CoD) implemented immediately after ta
Published 06 Jan, 2010 12:00am
US MIDDAY: gold moves up

US MIDDAY: gold moves up

US gold futures rose on Tuesday as the dollar turned weaker following disappointing US home sales data, boosting bullion's appeal as a hedge against depreciating paper currencies. Gold for February delivery up $7.70 at $1,126 an ounce at 10:19 a.m. EST (1
Published 06 Jan, 2010 12:00am
US MIDDAY: copper gains

US MIDDAY: copper gains

US copper futures tiptoed into positive territory early on Tuesday, after a steep drop in US pending home sales dragged the dollar down and an increase in factory orders bolstered recovery hopes in the manufacturing sector.
Published 06 Jan, 2010 12:00am
14 lost children handed over to families

14 lost children handed over to families

Rahim Yar Khan patrolling police provided assistance to 3936 persons and registered more than 100 cases against outlaws after recovering arms, drugs and wheat during smuggling bids in the year 2009. A spokesman of patrolling police, Amir Shahzad told repo
Published 06 Jan, 2010 12:00am
APBUMA concerned over increase in power, gas tariffs

APBUMA concerned over increase in power, gas tariffs

Chairman All Pakistan Bedsheets & Upholstery Manufacturers Association (APBUMA), M Anees Khawaja, has expressed deep concern over the increase of 12 percent electricity and 18 percent gas tariffs, despite the fact that the export oriented textile sector i
Published 06 Jan, 2010 12:00am
82nd birth anniversary of Z A Bhutto observed

82nd birth anniversary of Z A Bhutto observed

The 82nd birth anniversary of Pakistan People's Party founder Zulfikar Ali Bhutto was celebrated in Multan and throughout South Punjab on Tuesday by PPP workers in a befitting manner. Birthday cakes were cut and services of the late leader were eulogised
Published 06 Jan, 2010 12:00am
PCGA releases cotton production statistics

PCGA releases cotton production statistics

Pakistan Cotton Ginners Association (PCGA) has released the production statistics of cotton according to which, 11.9 million bales of cotton have reached in the ginning factories of the country till January 1, 2010. Chairman PCGA, Abdul Rashid Khan told i
Published 06 Jan, 2010 12:00am
PCWSSS project successfully completed: IED

PCWSSS project successfully completed: IED

Independent Evaluation Department (IED) of Asian Development Bank (ADB) has observed that the Punjab Community Water Supply and Sanitation Sector (PCWSSS) Project successfully completed with highly successful rated in the Project Completion Report (PCR).
Published 06 Jan, 2010 12:00am
Transporters increase fares unilaterally

Transporters increase fares unilaterally

Heated arguments, scuffles between passengers and urban transport owners continued throughout the day as conductors overcharged people without any notification of fare increase in Multan city. Police and wardens played a role of silent spectators. Transpo
Published 06 Jan, 2010 12:00am
Dense fog disturbs life in South Punjab

Dense fog disturbs life in South Punjab

Thick fog has spurred mercury further down in Multan and rest of South Punjab, disturbing life in Muzaffargarh, Rajanpur, Khanewal, Vehari, Lodhran, Sahiwal, Pakpattan, Jhang, Layyah, Bhakkar and Mianwali and adjacent cities, here on Tuesday. Southern Pun
Published 06 Jan, 2010 12:00am
Pakistan is not a goose

Pakistan is not a goose

It is a pity that threats have once again started coming from same group that is charged with the country's division in 1971. People were of the view that this time Pakistan People's Party (PPP) would show statesmanship in running the country's affairs, w
Published 06 Jan, 2010 12:00am
Altaf asks office-bearers to distribute manifesto among people

Altaf asks office-bearers to distribute manifesto among people

MQM Founder and leader Altaf Hussain on Tuesday said that MQM's newly nominated office-bearers, workers should observe and demonstrate patience, poise and dignity during the general elections. "They should not react to any provocation by the opponents, pe
Published 06 Jan, 2010 12:00am
Minister extols political acumen of Zulfiqar Ali Bhutto

Minister extols political acumen of Zulfiqar Ali Bhutto

NWFP Minister for Labour, Sher Azam Wazir on Tuesday paid rich tributes to the political and diplomatic acumen of Shaheed Zulfiqar Ali Bhutto, who had given a unanimous 1973 Constitution to the country at time when it was passing through a very difficult
Published 06 Jan, 2010 12:00am
PMI trains over 700 people annually

PMI trains over 700 people annually

The Pakistan Manpower Institute (PMI) providing skill development training to over 700 employees every year in different disciplines from public and private sectors. Talking to APP here on Tuesday, Director Muhammad Azam said the objective of the institut
Published 06 Jan, 2010 12:00am
Loadshedding, low pressure of gas add to people's woes

Loadshedding, low pressure of gas add to people's woes

Gujranwala Electric Power Company (Gepco) has failed to minimise the period of load shedding and it continues for 10-16 hours so far in Sialkot and its adjoining areas on Monday. The load shedding had crippled the normal life especially domestic consumers
Published 06 Jan, 2010 12:00am
ZAB's birth anniversary in RYK

ZAB's birth anniversary in RYK

The Pakistan Peoples Party (PPP) office-bearers and workers held a ceremony in connection with the 82nd birth anniversary of the Pakistan Peoples' Party's founder and former Prime Minister Zulfikar Ali Bhutto Shaheed here on Tuesday.
Published 06 Jan, 2010 12:00am
ZAB's birth anniversary observed in AJK

ZAB's birth anniversary observed in AJK

The 82nd birthday of PPP founder and former Prime Minister of Pakistan Zulfiqar Ali Bhutto was celebrated on Tuesday by the party activists and other admirers across Azad Jammu and Kashmir with full respect and honour. Special gatherings of the workers an
Published 06 Jan, 2010 12:00am
NIB divesting 27 percent stake in NAFA to NBP

NIB divesting 27 percent stake in NAFA to NBP

NIB on Tuesday announced to divest its 27 percent stake in NAFA in order to comply with the Non-Banking Finance Companies (NBFC) Laws. The Board of Directors of NIB has announced its intention to divest its 27 percent stake in National Fullerton Asset Man
Published 06 Jan, 2010 12:00am
Pakistan exported rice worth $1.04 billion from July to December 2009

Pakistan exported rice worth $1.04 billion from July to December 2009

Pakistan exported non-Basmati and Basmati rice worth $1.04 billion during the period from 1st July 2009 to 31st December 2009, Rice Exporters Association of Pakistan sources told Business Recorder here on Tuesday. According to sources, exporters of
Published 06 Jan, 2010 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 06 Jan, 2010 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 06 Jan, 2010 12:00am
What about a Prime Minister House at Gwadar?

What about a Prime Minister House at Gwadar?

The cash starved country is going to have another Prime Minister House at Gwadar Port as Balochistan government has allocated five acres of land to carry out the project, Business Recorder has learnt. Sources said that it was revealed to the federa
Published 06 Jan, 2010 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
What about a Prime Minister House at Gwadar?

What about a Prime Minister House at Gwadar?

The cash starved country is going to have another Prime Minister House at Gwadar Port as Balochistan government has allocated five acres of land to carry out the project, Business Recorder has learnt. Sources said that it was revealed to the federa
Published 06 Jan, 2010 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
What about a Prime Minister House at Gwadar?

What about a Prime Minister House at Gwadar?

The cash starved country is going to have another Prime Minister House at Gwadar Port as Balochistan government has allocated five acres of land to carry out the project, Business Recorder has learnt. Sources said that it was revealed to the federa
Published 06 Jan, 2010 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
Index surges 219.53 points

Index surges 219.53 points

The KSE-100 index on Tuesday surged by a massive 219.53 points (2.33 percent) to close at 9,657.38 points due to healthy buying by both local and foreign investors, mainly in heavyweight oil and gas exploration sector stocks. "The increasing oil prices in
Published 06 Jan, 2010 12:00am
Index surges 219.53 points

Index surges 219.53 points

The KSE-100 index on Tuesday surged by a massive 219.53 points (2.33 percent) to close at 9,657.38 points due to healthy buying by both local and foreign investors, mainly in heavyweight oil and gas exploration sector stocks. "The increasing oil prices in
Published 06 Jan, 2010 12:00am
Index surges 219.53 points

Index surges 219.53 points

The KSE-100 index on Tuesday surged by a massive 219.53 points (2.33 percent) to close at 9,657.38 points due to healthy buying by both local and foreign investors, mainly in heavyweight oil and gas exploration sector stocks. "The increasing oil prices in
Published 06 Jan, 2010 12:00am
BRIndex30 gains 181.07 points

BRIndex30 gains 181.07 points

On Tuesday, the opened at 8,258.41 points and, after remaining positive throughout the market time, closed at 8,439.48 ppoints, with a positive change of 181.07 points, or 2.19 percent. It experienced intra-day high of 8,446.23 and low of 8,258.41 points.
Published 06 Jan, 2010 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
BRIndex30 gains 181.07 points

BRIndex30 gains 181.07 points

On Tuesday, the opened at 8,258.41 points and, after remaining positive throughout the market time, closed at 8,439.48 ppoints, with a positive change of 181.07 points, or 2.19 percent. It experienced intra-day high of 8,446.23 and low of 8,258.41 points.
Published 06 Jan, 2010 12:00am
Pakistan Steel raises prices of four products

Pakistan Steel raises prices of four products

The country's largest steel producer - Pakistan Steel Mills Corporation (PSMC) on Tuesday announced raise in the price of four steel products by up to Rs 1,200 per tonne to rationalise prices in line with international market, sources said. The PS raised
Published 06 Jan, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 05, 2010).
Published 06 Jan, 2010 12:00am
Pakistan Steel raises prices of four products

Pakistan Steel raises prices of four products

The country's largest steel producer - Pakistan Steel Mills Corporation (PSMC) on Tuesday announced raise in the price of four steel products by up to Rs 1,200 per tonne to rationalise prices in line with international market, sources said. The PS raised
Published 06 Jan, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
Pakistan Steel raises prices of four products

Pakistan Steel raises prices of four products

The country''s largest steel producer - Pakistan Steel Mills Corporation (PSMC) on Tuesday announced raise in the price of four steel products by up to Rs 1,200 per tonne to rationalise prices in line with international market, sources said. The PS raised
Published 06 Jan, 2010 12:00am
Corps Commander for intensive training to combat terrorism

Corps Commander for intensive training to combat terrorism

Commander Lahore Corps Lieutenant General Ijaz Ahmed Bakhshi has emphasised utilisation of the existing training facilities to perfect basic technical skills and enhance operational readiness during peace time training. He was addressing the soldiers cond
Published 06 Jan, 2010 12:00am
Gilani warns against any strategic imbalance in region

Gilani warns against any strategic imbalance in region

Prime Minister Syed Yousuf Raza Gilani on Tuesday said Pakistan would counter any negative trend, through "all appropriate means", which attempts at undermining the strategic stability of the region. Addressing the meeting of Defence Committee of the Cabi
Published 06 Jan, 2010 12:00am
Gilani warns against any strategic imbalance in region

Gilani warns against any strategic imbalance in region

Prime Minister Syed Yousuf Raza Gilani on Tuesday said Pakistan would counter any negative trend, through "all appropriate means", which attempts at undermining the strategic stability of the region. Addressing the meeting of Defence Committee of the Cabi
Published 06 Jan, 2010 12:00am
Cabinet may approve sugar import plan today

Cabinet may approve sugar import plan today

The Cabinet which is scheduled to meet on Wednesday (today) is likely to approve sugar import plan amid fears that any further delay in import may lead to another sugar crisis, well-informed sources in the Finance Ministry told Business Recorder.
Published 06 Jan, 2010 12:00am
Cabinet may approve sugar import plan today

Cabinet may approve sugar import plan today

The Cabinet which is scheduled to meet on Wednesday (today) is likely to approve sugar import plan amid fears that any further delay in import may lead to another sugar crisis, well-informed sources in the Finance Ministry told Business Recorder.
Published 06 Jan, 2010 12:00am
Cabinet may approve sugar import plan today

Cabinet may approve sugar import plan today

The Cabinet which is scheduled to meet on Wednesday (today) is likely to approve sugar import plan amid fears that any further delay in import may lead to another sugar crisis, well-informed sources in the Finance Ministry told Business Recorder.
Published 06 Jan, 2010 12:00am
Leather exports decline sharply

Leather exports decline sharply

Ex-Chairman of All Pakistan Tanners Association (PTA) Khawaja Muhammad Yousaf has said that the exports in the leather sector registered a sharp decline due to the cavalier attitude of the government, as in the first five months of fiscal year 2009-10, it
Published 06 Jan, 2010 12:00am
NAB references: SHC confirms Farooqui's pre-arrest bail

NAB references: SHC confirms Farooqui's pre-arrest bail

The Sindh High Court (SHC) on Tuesday confirmed the interim pre-arrest bail, earlier granted in sum of Rs 500,000, to Principal Secretary to the President, Salman Farooqui, in two references of National Accountability Bureau (NAB). SHC also extended inter
Published 06 Jan, 2010 12:00am
MoF agrees to convert NHA's CDL into equity

MoF agrees to convert NHA's CDL into equity

The Ministry of Finance (MoF) has agreed in principle to convert cash development loan (CDL) of the National Highway Authority (NHA) into equity by capitalising its debt stock to finance the NHA development programme worth Rs 366 billion through equity me
Published 06 Jan, 2010 12:00am
Nawaz seeks to end politics of 'Sindh card'

Nawaz seeks to end politics of 'Sindh card'

Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif on Tuesday vowed to defend the democratic process in the country against any sort of conspiracies. He said he wanted to end the politics based on "Sindh Card" permanently. Speaking at a press confere
Published 06 Jan, 2010 12:00am
Nawaz seeks to end politics of 'Sindh card'

Nawaz seeks to end politics of 'Sindh card'

Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif on Tuesday vowed to defend the democratic process in the country against any sort of conspiracies. He said he wanted to end the politics based on "Sindh Card" permanently. Speaking at a press confere
Published 06 Jan, 2010 12:00am
Across the board gains on LSE

Across the board gains on LSE

Bullish trend was observed on Lahore Stock Exchange (LSE) on Tuesday, as equities registered across the board gains amid ascending transaction volume following gains in banking and oil sector shares. The LSE-25 index surged 100.26 points to close at 3017.
Published 06 Jan, 2010 12:00am
Across the board gains on LSE

Across the board gains on LSE

Bullish trend was observed on Lahore Stock Exchange (LSE) on Tuesday, as equities registered across the board gains amid ascending transaction volume following gains in banking and oil sector shares. The LSE-25 index surged 100.26 points to close at 3017.
Published 06 Jan, 2010 12:00am