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Nov 07, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-01-06
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
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
'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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Democratic forces and judicial activism

Democratic forces and judicial activism

The Supreme Court judgement of December 16th 2009 has injected yet another dimension in the national discourse, the consequences of which have the potential to move towards confrontation with the highest judiciary. Alignments and realignments are being wi
Published 06 Jan, 2010 12:00am
Good Morning: Not just stadium - but a memorial for Lakki Marwat

Good Morning: Not just stadium - but a memorial for Lakki Marwat

Should not one begin with the Lakki Marwat suicide attack that eventually killed over 105 and injured at least 50 others on the first day of the New Year? That was how Pakistanis found themselves marking 2010. That suicide attack was described as the wors
Published 06 Jan, 2010 12:00am
Tarin's performance: rejoinder

Tarin's performance: rejoinder

Apropos Anjum Ibrahim's Op-ed titled "Tarin's performance: good, bad or indifferent?" in Business Recorder of January 4, 2010 reflecting on the performance of the incumbent Finance Minister comes just days after the signing of the historic 7th NFC
Published 06 Jan, 2010 12:00am
Power minister's flawed power dream

Power minister's flawed power dream

The Federal Minister for Water and Power Raja Parvez Ashraf, while briefing the media at the National Power Control Centre, reiterated his earlier contention that the ongoing energy shortfall, resulting in massive loadshedding throughout the country, cann
Published 06 Jan, 2010 12:00am
Karzai suffers a humiliating setback

Karzai suffers a humiliating setback

After winning another term, mired by serious accusations of fraud, Karzai has suffered another setback. As many as 17 out of 24 of his nominees for the proposed Afghan cabinet were rejected by country's parliament, signalling difficulties ahead between th
Published 06 Jan, 2010 12:00am
Classes at Sindh University Mirpurkhas campus

Classes at Sindh University Mirpurkhas campus

The regular classes of the first batch at the newly established Sindh University campus Mirpurkhas started Tuesday. The Pro-Vice Chancellor of the campus Dr Iqbal Ahmed Panhwar on the first day, while addressing the students, welcomed them at the campus.
Published 06 Jan, 2010 12:00am
KESC claims Rs 46 billion dues against government

KESC claims Rs 46 billion dues against government

Karachi Electric Supply Company (KESC) has claimed that the government owes to it Rs 46 billion outstanding dues and said that it has to pay only Rs 18 billion to Pepco, and not Rs 44 billion as claimed by it. The National Assembly standing committee has
Published 06 Jan, 2010 12:00am
Gas, power tariffs: increase may lead to closure of industrial units

Gas, power tariffs: increase may lead to closure of industrial units

With the frequent upward revision in the prices of gas and electricity, the financial viability of the industry keeps eroding and cost of doing business is increasing, making it difficult to keep industrial units operative in the international market. Ind
Published 06 Jan, 2010 12:00am
Olive plantation plan chalked out

Olive plantation plan chalked out

Pakistan Oilseed Development Board (PODB) in collaboration with the Barani Agricultural Research Institute (BARI) has planned Olive plantation in Punjab on both sides of Motorway to supplement the local oilseed production under an ongoing project titled '
Published 06 Jan, 2010 12:00am
Trading of Ghani Gases shares starts at KSE

Trading of Ghani Gases shares starts at KSE

The formal trading of Ghani Gases has been started at the Karachi Stock Exchange (KSE) from Tuesday. The trading session, as per the KSE decision started on the traditional opening bell. Chief Executive of Ghani Gases Atiq Ahmed Khan rang the opening bell
Published 06 Jan, 2010 12:00am
Trading of Ghani Gases shares starts at KSE

Trading of Ghani Gases shares starts at KSE

The formal trading of Ghani Gases has been started at the Karachi Stock Exchange (KSE) from Tuesday. The trading session, as per the KSE decision started on the traditional opening bell. Chief Executive of Ghani Gases Atiq Ahmed Khan rang the opening bell
Published 06 Jan, 2010 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 06 Jan, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
Shop rents go high in damaged markets' vicinity

Shop rents go high in damaged markets' vicinity

Rent of shops in the vicinity of Boulton Market, paper market, amd medicine market have increased substantially after December 28 incident, affected shopkeepers told Business Recorder on Tuesday. The affected shopkeepers said that there are a numbe
Published 06 Jan, 2010 12:00am
The Weather

The Weather

The weather report on Tuesday (January 05, 2010) and the forecast for Wednesday (January 06, 2010).

Published 06 Jan, 2010 12:00am
Gemstone identification and grading course arranged

Gemstone identification and grading course arranged

Pakistan Gems and Jewellery Development Company (PGJDC) has arranged a training course on Gemstone Identification and Grading at the Gem Exchange, Namak Mandi, in Peshawar on Tuesday. This two-week Gemstone Identification and Grading course will continue
Published 06 Jan, 2010 12:00am
Clean Note Policy: SBP introduces self-assessment compliance programme

Clean Note Policy: SBP introduces self-assessment compliance programme

The State Bank of Pakistan (SBP), in order to overcome the problems relating to collection, sorting and replacement of soiled notes and to provide better services to general public, has introduced a self-assessment compliance programme for banks with rega
Published 06 Jan, 2010 12:00am
New customs value of Propylene Glycol fixed

New customs value of Propylene Glycol fixed

The Directorate-General of Customs Valuation, Karachi, has fixed new customs value of Propylene Glycol, imported from USA, Germany, Korea, China and South Africa. Sources told Business Recorder on Tuesday that the directorate has issued a valuation
Published 06 Jan, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 06 Jan, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 06 Jan, 2010 12:00am
Shah Mahboob named as acting OGDC managing director

Shah Mahboob named as acting OGDC managing director

Ministry of Petroleum and Natural Resources has issued a notification for the appointment of Shah Mahboob Alam Execu-tive Director (Admin/Security) as Acting Managing Director of OGDC. Zahid Hussain present Managing Director's medical leave has been appro
Published 06 Jan, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
'Average electricity shortfall is 2,189 megawatts'

'Average electricity shortfall is 2,189 megawatts'

Due to reduced demand in the winter the current average shortfall of electricity in the country is 2,189 MW, Ministry of Water and Power said on Tuesday. It said that the total generation of hydel and thermal station is 7,456 MW against the demand of 9,64
Published 06 Jan, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
Sasti Roti scheme: Punjab government to install 200 mechanical tandoors

Sasti Roti scheme: Punjab government to install 200 mechanical tandoors

The Punjab government will install 200 mechanical tandoors for strengthening "Sasti Roti" programme at a cost of Rs 60 million in the province, Chairman STP and member National Assembly Muhammad Hanif Abbasi said here on Tuesday. Abbasi opened tenders for
Published 06 Jan, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
CCP conference on 'Competition Regime' from January 11

CCP conference on 'Competition Regime' from January 11

The Competition Commission of Pakistan (CCP) is organising first national conference on competition regime in Pakistan in Karachi on January 11-12. The two-day conference will provide a platform for exchange of information on a number of competition-relat
Published 06 Jan, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (January 05, 2010) and for Wednesday (January 06, 2010).
Published 06 Jan, 2010 12:00am
391 terrorist attacks averted in 2009: IG Islamabad

391 terrorist attacks averted in 2009: IG Islamabad

The effective security blanket of Islamabad police and administration helped in averting 391 terrorist strikes in the federal capital last year, said Kaleem Imam, Inspector General (IG) of Islamabad Police here on Tuesday. "We received 398 terror alerts d
Published 06 Jan, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
President fulfilling mission of Bhutto: Kaira

President fulfilling mission of Bhutto: Kaira

Provincial Minister for Finance and Planning and Development, Tanvir Ashraf Kaira has said that President Asif Ali Zardari is fulfilling the mission of Zulfiqar Ali Bhutto. The government is taking every possible step to ensure the supremacy of the Parlia
Published 06 Jan, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
1973 Constitution to be restored in its original form: Prime Minister

1973 Constitution to be restored in its original form: Prime Minister

Prime Minister Syed Yusuf Raza Gilani has said that the Pakistan People's Party would restore 1973 Constitution in its original form. The Prime Minister was speaking here at a function organised in connection with the 82nd birth anniversary of former Prim
Published 06 Jan, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 05, 2010).

Published 06 Jan, 2010 12:00am
Huma Akram death case: LHC stays removal of 19 doctors from service

Huma Akram death case: LHC stays removal of 19 doctors from service

The Lahore High Court (LHC) here on Tuesday stayed removal of 19 doctors from service by suspending orders of Secretary Health and Pakistan Medical and Dental Council (PMDC). The court also issued show cause notices to the Secretary Health and the Pakista
Published 06 Jan, 2010 12:00am
Waging war for Kashmiris our duty: Zardari

Waging war for Kashmiris our duty: Zardari

President Asif Ali Zardari on Tuesday said that peace could only come to the region if the lingering Kashmir dispute was resolved. "The whole focus of world is on Pakistan. Regional peace is linked with the resolution of the Kashmir dispute, and peace can
Published 06 Jan, 2010 12:00am
Waging war for Kashmiris our duty: Zardari

Waging war for Kashmiris our duty: Zardari

President Asif Ali Zardari on Tuesday said that peace could only come to the region if the lingering Kashmir dispute was resolved. "The whole focus of world is on Pakistan. Regional peace is linked with the resolution of the Kashmir dispute, and peace can
Published 06 Jan, 2010 12:00am
THE RUPEE: all-round slide

THE RUPEE: all-round slide

All-round decline was seen on the local currency market on Tuesday in process of strong demand for dollars, dealers said. On the interbank market the rupee continued its sharp fall versus the greenback, losing 14 paisa for buying at 84.68 and it also fell
Published 06 Jan, 2010 12:00am
THE RUPEE: all-round slide

THE RUPEE: all-round slide

All-round decline was seen on the local currency market on Tuesday in process of strong demand for dollars, dealers said. On the interbank market the rupee continued its sharp fall versus the greenback, losing 14 paisa for buying at 84.68 and it also fell
Published 06 Jan, 2010 12:00am
Police uses force against demonstrators in IoK

Police uses force against demonstrators in IoK

The Indian police on Tuesday subjected a protest demonstration, organised by Jammu and Kashmir Muslim Khawateen Markaz, to brute force at Lal Chowk and arrested several women including APHC leader, Yasmeen Raja. The Indian police detained Yasmeen Raja in
Published 06 Jan, 2010 12:00am
Irsa releases 29,876 cusecs water

Irsa releases 29,876 cusecs water

The Indus River System Authority (Irsa) on Tuesday released 29,876 cusecs water from various rim stations with inflow of 39,743 cusecs. According to the data released by Irsa here on Tuesday, the maximum water level in River Indus at Tarbela was 1418.83 f
Published 06 Jan, 2010 12:00am
CDA sends specialised team for rescue operation in Hunza

CDA sends specialised team for rescue operation in Hunza

Capital Development Authority (CDA) has despatched a specialised team to take part in rescue operation started in Hunza district after an unfortunate incident of landsliding. A team consisting of 26 rescuers, group and team leaders of the specialised Urba
Published 06 Jan, 2010 12:00am
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