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Print - 2010-03-09
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (March 08, 2010).

Published 09 Mar, 2010 12:00am
Recent rains have positive impact on crop

Recent rains have positive impact on crop

Intermittent rains received throughout the province during the last fortnight have brought down the temperature, which would have a positive effect on the present season crop growth. This was stated by Malik Ahmad Ali Aulakh, Minister for Agriculture, Pun
Published 09 Mar, 2010 12:00am
Business community says VAT regime would block refunds

Business community says VAT regime would block refunds

The business community has apprehended that Value Added Tax (VAT) regime would result in blockage of refunds due to absence of an effective electronic payment system. Although the representatives of the business community are of the view that VAT is a bet
Published 09 Mar, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 27th February, 2010.

Published 09 Mar, 2010 12:00am
Model Town incident: Elahi raps Punjab government over loss of lives

Model Town incident: Elahi raps Punjab government over loss of lives

Former Punjab Chief Minister and PML-Q leader Chaudhry Pervaiz Elahi has expressed deep sorrow and grief over the loss of precious lives and property in an attack in Model Town on Monday and said the Punjab government despite prior information failed to t
Published 09 Mar, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 27th February, 2010.

Published 09 Mar, 2010 12:00am
PML-N believes in serving masses sincerely: Hamza

PML-N believes in serving masses sincerely: Hamza

PML (N) leader/MNA Hamza Shahbaz Sharif has said that PML (N) firmly believes in serving the masses sincerely and practical steps are being taken for the welfare and the betterment of the downtrodden in the province. He was addressing a public gathering a
Published 09 Mar, 2010 12:00am
PIAF seeks withdrawal of hike in power tariff

PIAF seeks withdrawal of hike in power tariff

Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to withdraw hike in electricity tariff so that the economic targets set by the government could be achieved. The PIAF Chairman Irfan Qaiser Sheikh, Vice Chairmen Iqbal Baig
Published 09 Mar, 2010 12:00am
WHO regional director to inaugurate workshop today

WHO regional director to inaugurate workshop today

The World Health Organisation (WHO) in collaboration with University of Health Sciences (UHS) and Institute of Public Health (IPH) Lahore, is organising a workshop on "Public Health in Medical Education - Working with Grassroots" here at UHS on Tuesday (t
Published 09 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 08, 2010).

Published 09 Mar, 2010 12:00am
Rate cut most viable move to enhance CVT collection: experts

Rate cut most viable move to enhance CVT collection: experts

The most viable proposal to raise revenue collection through capital value tax (CVT) on immovable property is to levy nominal 0.5 percent to one percent CVT on all sizes of properties' transactions from July 1, 2010. Tax experts told Business Recorder
Published 09 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 08, 2010).

Published 09 Mar, 2010 12:00am
Clarification

Clarification

This is with reference to a news item appeared in Business Recorder on 8th March, 2010 "PPIB refuses to follow Water, Power Secretary's directives" wherein factual position of the matter was misreported. PPIB would like to clarify that audit of PPI
Published 09 Mar, 2010 12:00am
Formal trading of FFCL starts at KSE

Formal trading of FFCL starts at KSE

The formal trading of Fatima Fertiliser Company Limited (FFCL) started at Karachi Stock Exchange (KSE) on Monday. The session started with the traditional opening bell. The chairman Arif Habib Group, Arif Habib rang the bell. While talking to media, Arif
Published 09 Mar, 2010 12:00am
Korangi Creek Industrial Park project launched

Korangi Creek Industrial Park project launched

The National Industrial Parks Development and Management Company on Monday launched the Korangi Creek Industrial Park (KCIP) to attract both local and foreign investment for further industrialisation in the country.
Published 09 Mar, 2010 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee resisted sharp fall against the dollar on the local currency market on Monday in process of trading, experts said. On the interbank market the rupee recovered five paisa against dollar for buying and selling at 84.65 and 84.70, they said. In the
Published 09 Mar, 2010 12:00am
Schedule for investment road shows announced

Schedule for investment road shows announced

Punjab Board of Investment and Trade (PBIT) has announced the schedule for road shows that would be organised across the country to highlight investment opportunities in different sectors in Punjab. Consultant to Chief Minister Punjab on Economic Affairs
Published 09 Mar, 2010 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee resisted sharp fall against the dollar on the local currency market on Monday in process of trading, experts said. On the interbank market the rupee recovered five paisa against dollar for buying and selling at 84.65 and 84.70, they said. In the
Published 09 Mar, 2010 12:00am
Three tax officials transferred

Three tax officials transferred

The Federal Board of Revenue (FBR) has transferred and posted three tax officials (BS-18/20) with immediate effect.
Published 09 Mar, 2010 12:00am
Pipeline project: KPT and PSO sign MoU

Pipeline project: KPT and PSO sign MoU

A memorandum of understanding (MoU) was signed between Pakistan State Oil (PSO) and Karachi Port Trust (KPT) to jointly undertake a study to connect Keamari with Port Qasim through a white oil pipeline. The study would lead to a joint venture pipeline pro
Published 09 Mar, 2010 12:00am
Fish harbour resumes activity as strike ends

Fish harbour resumes activity as strike ends

The Karachi Fish Harbour resumed activity on Monday when the strike that had been called by boat captains and crew ended as a result of talks among all stakeholders. However, during the harbour closure, Karachi Fish Harbour Authority (KFHA) had filed an F
Published 09 Mar, 2010 12:00am
'Rs 100 million allocated to PPS in fiscal year 2010'

'Rs 100 million allocated to PPS in fiscal year 2010'

An initial allocation of Rs 100 million has been made to the Pakistan Postal Service (PPS) in the current financial year. Talking to APP about the overall performance of Pakistan Post, Minister for Postal Service Israr Ullah Zehri said Pakistan Post has p
Published 09 Mar, 2010 12:00am
Shehnaz acknowledges women's role in society

Shehnaz acknowledges women's role in society

Advisor to Prime Minister on Social Sector Begum Shehnaz Wazir Ali acknowledged the women role and efforts in creating an equitable society. Talking to a TV channel, in her message on the occasion of International Women's Day she said that gender inequali
Published 09 Mar, 2010 12:00am
Advertisement on boiled milk: CCP issues notices to PCSIR, packing co

Advertisement on boiled milk: CCP issues notices to PCSIR, packing co

The Competition Commission of Pakistan (CCP), while taking notice of an advertisement on boiled milk has issued notices to Pakistan Council of Scientific and Industrial Research (PCSIR) and a leading packing company. "The commission has sought information
Published 09 Mar, 2010 12:00am
Prime Minister to attend second Pak-EU summit in Brussels on April 21

Prime Minister to attend second Pak-EU summit in Brussels on April 21

Prime Minister Syed Yusuf Raza Gilani will represent Pakistan at the second Pakistan-EU Summit at Brussels on April 21. A Foreign Office press release on Monday said that Pakistan attaches considerable importance to further deepening and broadening its cl
Published 09 Mar, 2010 12:00am
Fata MPs to submit adjournment motions in National Assembly, Senate

Fata MPs to submit adjournment motions in National Assembly, Senate

The parliamentarians from Federally Administered Tribal Areas have decided to submit adjournment motions in both houses of the Parliament to discuss the embarrassing treatment meted out to lawmakers at Washington airport. A six-member Fata MPs' delegation
Published 09 Mar, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Mar, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Mar, 2010 12:00am
Report on National Assembly's performance submitted to President

Report on National Assembly's performance submitted to President

The National Assembly passed 30 bills in its 2nd parliamentary year that commenced on March 17, 2009 and will end on March 16, 2010 and during which it remained in session for 133 days, says a report submitted to the President here on Monday.
Published 09 Mar, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 09 Mar, 2010 12:00am
'Gender inequality obstacle to progress of womenfolk'

'Gender inequality obstacle to progress of womenfolk'

Dr Fehmida Mirza, Speaker National Assembly has said that denial of equal opportunities and gender inequality was the biggest obstacle to the progress of the womenfolk. She called upon the international community to take necessary measures to ensure equal
Published 09 Mar, 2010 12:00am
Empowerment of women motto of the government: Qaim

Empowerment of women motto of the government: Qaim

The Chief Minister Sindh Syed Qaim Ali Shah has asked the Federal Law Minister or concerned ministers, who are formulating value-added tax bill, must consult with the provinces to avoid any misunderstanding about the taxes incorporated in this bill.
Published 09 Mar, 2010 12:00am
Special uplift package for women demanded

Special uplift package for women demanded

President Pakistan Muslim League PML-Q (Like-minded Group) Senator Salim Saifullah Khan Monday urged the government to announce a special economic package for the uplift of the women as they were the worst sufferers of skyrocketing price hike and terroris
Published 09 Mar, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Mar, 2010 12:00am
'Lawlessness, poverty behind women trafficking'

'Lawlessness, poverty behind women trafficking'

Lack of proper law, poverty and unemployment are the main reasons behind women trafficking in Pakistan; hence civil society should join hands to press government for necessary legislation to curb rising internal and external human trafficking.
Published 09 Mar, 2010 12:00am
Prime Minister advises President on appointment of judges

Prime Minister advises President on appointment of judges

Prime Minister Syed Yousuf Raza Gilani has advised the President for appointment of seven Additional Judges at Peshawar High Court on the summary of Law Division and after consultation with Chief Justice of Pakistan. The names of the Judges are Yahya Afri
Published 09 Mar, 2010 12:00am
Governor wants to undermine unity among people: Khosa

Governor wants to undermine unity among people: Khosa

Senior Advisor to Chief Minister, Sirdar Zulfiqar Ali Khan Khosa has said that by fanning sectarian sentiments, Governor Punjab Salmaan Taseer wants to undermine the unity among people against terrorism but he will not succeed in his designs.
Published 09 Mar, 2010 12:00am
Governor House spurns media reports on SIA building

Governor House spurns media reports on SIA building

A spokesperson of the Governor's House has denied the media reports that Model Town Society had approached the Governor's House regarding the shifting of Special Investigation Agency (SIA) building from Model Town to some other locality.
Published 09 Mar, 2010 12:00am
CoAS calls on President

CoAS calls on President

Chief of Army Staff General Ashfaq Parvez Kayani on Monday called on President Asif Ali Zardari at the Aiwan-e-Sadr. Current security situation in the country was discussed during the meeting.
Published 09 Mar, 2010 12:00am
Role of media in human rights highlighted

Role of media in human rights highlighted

The Directorate of Human Rights, Government of Sindh on Monday organised a seminar "role of media and human rights," at a local hotel here. Speaking on the occasion as chief guest, Sindh Minister for Human Rights Nadia Gabol said media is playing a vital
Published 09 Mar, 2010 12:00am
Harvey Simard qualifies for Quebec immigration cases

Harvey Simard qualifies for Quebec immigration cases

In response to years of documented cases of fraud targeting new immigration applicants, a recent administrative move by Quebec government will now allow only Quebec registered law firms and Quebec registered immigration consultants to handle the immigrati
Published 09 Mar, 2010 12:00am
Telenor gets ISO certification

Telenor gets ISO certification

Telenor Pakistan has become the first Telecom Operator in Pakistan to receive the prestigious ISO/IEC 27001:2005 certification for Information Security Management System (ISMS) for mobile banking services.
Published 09 Mar, 2010 12:00am
Jamaat-i-Islami suspects foreign involvement in FIA building blast

Jamaat-i-Islami suspects foreign involvement in FIA building blast

Secretary General, Jamaat-i-Islami (JI), Liaquat Baloch has said that the involvement of foreign hands in the bomb blast at the FIA building could not be ruled out. He was talking to media men at Jinnah Hospital during his visit to enquire after the healt
Published 09 Mar, 2010 12:00am
Russian importers interested in potato import from Pakistan

Russian importers interested in potato import from Pakistan

Russian importers have shown keen interests in import of potato from Pakistan, sources in Trade Development Authority of Pakistan (TDAP) told Business Recorder here on Monday. TDAP has arranged a visit of local potato exporters, who would leave for
Published 09 Mar, 2010 12:00am
Call to complete projects within stipulated time

Call to complete projects within stipulated time

Sindh Governor's monitoring team while inspecting ongoing construction projects at the University of Sindh on Monday have emphasised the completion of construction projects within given time schedule and regular efforts for greenery at the campus.
Published 09 Mar, 2010 12:00am
Administrator expects early completion of development projects

Administrator expects early completion of development projects

Administrator City District Government Karachi (CDGK) Fazlur Rehman has said that two of the under construction flyovers of corridor-IV would be opened for vehicular traffic by the end of April. The flyovers at Shaheed-e-Millat Expressway Mehmoodabad Sect
Published 09 Mar, 2010 12:00am
Pakistan may receive meagre $831 million from FoDP in fiscal year 2010

Pakistan may receive meagre $831 million from FoDP in fiscal year 2010

Pakistan is likely to receive a meagre amount of $831 million against $2.3 billion expected inflows from Friends of Democratic Pakistan (FoDP) during the on-going fiscal year. Sources said so far $571 million have been received from FoDP while another $26
Published 09 Mar, 2010 12:00am
Azgard Nine to launch IPO at Rs 30 per share

Azgard Nine to launch IPO at Rs 30 per share

The Karachi Stock Exchange will witness another initial public offering (IPO) as Azgard Nine Limited (ANL) has announced to offer 83.333 million ordinary shares of Pak American Fertiliser Limited (PAFL) from its existing share holding in the company at an
Published 09 Mar, 2010 12:00am
Azgard Nine to launch IPO at Rs 30 per share

Azgard Nine to launch IPO at Rs 30 per share

The Karachi Stock Exchange will witness another initial public offering (IPO) as Azgard Nine Limited (ANL) has announced to offer 83.333 million ordinary shares of Pak American Fertiliser Limited (PAFL) from its existing share holding in the company at an
Published 09 Mar, 2010 12:00am
Maliki emerges as front-runner after Iraq vote

Maliki emerges as front-runner after Iraq vote

Prime Minister Nuri al-Maliki, the Shia who helped ease Iraq's sectarian strife, emerged Monday as a front-runner in a parliamentary election but could yet face a tough battle to cling to power. Maliki polled well according to early forecasts from Iraq's
Published 09 Mar, 2010 12:00am
Karzai due on March 10

Karzai due on March 10

Afghan President Hamid Karzai will arrive in Islamabad here on Wednesday (tomorrow), said a Foreign Office statement on Monday. This will be President Karzai''s first visit to Pakistan after his re-election last year. During his stay, Karzai will meet Pre
Published 09 Mar, 2010 12:00am
Karzai due on March 10

Karzai due on March 10

Afghan President Hamid Karzai will arrive in Islamabad here on Wednesday (tomorrow), said a Foreign Office statement on Monday. This will be President Karzai's first visit to Pakistan after his re-election last year. During his stay, Karzai will meet Pres
Published 09 Mar, 2010 12:00am
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