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Print - 2010-03-26
Pakistan's per capita LPG consumption around 2.6 kg

Pakistan's per capita LPG consumption around 2.6 kg

In the 4th International LPG Conference 2010, Sohail A Quraishi, CEO of SHV Energy Pakistan stated that currently, Pakistan's per capita LPG consumption is around 2.6 kg. This is one of the lowest in the world. Countries in Asia have a higher consumption
Published 26 Mar, 2010 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 26 Mar, 2010 12:00am
PNSC purchases two Japanese oil tankers: National Assembly informed

PNSC purchases two Japanese oil tankers: National Assembly informed

Minister for Ports and Shipping Babar Khan Ghouri on Thursday informed the National Assembly that the Pakistan National Shipping Corporation (PNSC) has purchased two second-hand Japanese oil tankers at a cost of $78 million. In a written reply to the hous
Published 26 Mar, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Mar, 2010 12:00am
Rigging in Gujrat by-poll: PML-Q walks out from National Assembly

Rigging in Gujrat by-poll: PML-Q walks out from National Assembly

Pakistan Muslim League-Q on Thursday walked out from National Assembly, protesting against the alleged poll rigging in recent by-election in Gujrat, the hometown of party chief Chaudhry Shujaat Hussain. In a much lacklustre session of the lower House when
Published 26 Mar, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 26 Mar, 2010 12:00am
PML(N) seeks amendment in high treason law

PML(N) seeks amendment in high treason law

Pakistan Muslim League-Nawaz (PML-N) has submitted a bill in the National Assembly Secretariat with a view to amending the High Treason (Punishment) Act, 1973 to pave way for the prosecution of Pervez Musharraf under Article-6 of the Constitution.
Published 26 Mar, 2010 12:00am
Supreme Court refers Rahi case to Punjab Bar Council

Supreme Court refers Rahi case to Punjab Bar Council

The Supreme Court on Thursday referred Advocate Hanif A Rahi's case to Punjab Bar Council for initiating disciplinary action for his attempt to scandalise judges of the apex Court. The petitioner had challenged position of both Chief Justice and Justice K
Published 26 Mar, 2010 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The delay in tabling the draft of 18th Amendment bill in the parliament due to deadlock over renaming of NWFP between PML-N and ANP Thursday shocked some parliamentarians as well people who had been eyeing the Parliamentary Committee on Constitutional Ref
Published 26 Mar, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Mar, 2010 12:00am
Pacra assigns star ranking to MCB DSF and MCB DAF

Pacra assigns star ranking to MCB DSF and MCB DAF

MCB Asset Management Company Limited (MCB AMC) is pleased to announce that the Pakistan Credit Rating Agency Limited (PACRA) has assigned Star Ranking to MCB Dynamic Stock Fund (MCB DSF) and MCB Dynamic Allocation Fund (MCB DAF) and Stability Rating to MC
Published 26 Mar, 2010 12:00am
Pacra assigns star ranking to MCB DSF and MCB DAF

Pacra assigns star ranking to MCB DSF and MCB DAF

MCB Asset Management Company Limited (MCB AMC) is pleased to announce that the Pakistan Credit Rating Agency Limited (PACRA) has assigned Star Ranking to MCB Dynamic Stock Fund (MCB DSF) and MCB Dynamic Allocation Fund (MCB DAF) and Stability Rating to MC
Published 26 Mar, 2010 12:00am
Acting managing director OGDCL meets Waqar

Acting managing director OGDCL meets Waqar

Acting Managing Director/ED/Finance/CFO of Oil and Gas Development Company Limited (OGDCL) Asif Saeed Sindho called on Senator Waqar Ahmed Khan Federal Minister for Privatisation here on Thursday. Federal Minister for Privatisation, Senator Waqar Ahmed Kh
Published 26 Mar, 2010 12:00am
Government set to table constitutional package in Parliament: Rehman

Government set to table constitutional package in Parliament: Rehman

Federal Minister for Interior Rehman Malik on Thursday said the nation will hear a good news in a few days, as the government is all set to table the constitutional package in the Parliament. "The government is very close to building consensus on the cons
Published 26 Mar, 2010 12:00am
Supreme Court Shariat Appellate judges take oath

Supreme Court Shariat Appellate judges take oath

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry Thursday administered oath of offices to Justice Dr Fida Muhammad Khan and Justice Dr Muhammad Al Ghazali as Ulema members of the Shariat Appellate Bench of Supreme Court.
Published 26 Mar, 2010 12:00am
IGP stresses need for better training of police personnel

IGP stresses need for better training of police personnel

Inspector General of Police (IGP) Kaleem Imam has stressed the need for better training of police personnel, saying that policemen from reserve force and other sections will have to undergo refresher courses and anti-riot training. "Refreshing courses wil
Published 26 Mar, 2010 12:00am
Water inflow in rivers crosses 0.114 million cusecs mark

Water inflow in rivers crosses 0.114 million cusecs mark

With highest water inflow in mighty Indus in the last week of March in a decade, the combined water flow in the four rivers has crossed 0.114 million cusecs mark raising hopes that there may be less shortage of water for sowing the strategic Kharif crops
Published 26 Mar, 2010 12:00am
'Private sector to be encouraged for construction of wheat godowns'

'Private sector to be encouraged for construction of wheat godowns'

Punjab government has decided to encourage the private sector for construction of wheat godowns in the province. This was stated by Senior Advisor to Chief Minister, Sardar Zulfiqar Khosa here on Thursday. He said the provincial government has asked the A
Published 26 Mar, 2010 12:00am
DSP's suspension: LHC asked to re-convene judicial inquiry

DSP's suspension: LHC asked to re-convene judicial inquiry

A suspended DSP has filed before the Lahore High Court (LHC) a petition challenging the judicial inquiry against him, after removing objections raised by the office of the registrar of the august court. The petitioner's counsel Farooq Hassan had submitted
Published 26 Mar, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (March 25, 2010).

Published 26 Mar, 2010 12:00am
US-India nuclear deal: Pakistan has strong reservations: foreign office

US-India nuclear deal: Pakistan has strong reservations: foreign office

Pakistan said on Thursday that it has strong reservations on US-India nuclear deal, which could have negative impact on security issues of the region. Foreign office spokesman Abdul Basit at the weekly press briefing said that though Pakistan has serious
Published 26 Mar, 2010 12:00am
Funds Association of Pakistan

Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (March 25, 2010)

Published 26 Mar, 2010 12:00am
Funds Association of Pakistan

Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (March 25, 2010)

Published 26 Mar, 2010 12:00am
Agro-based industries: 'President approached for 10-years tax exemption'

Agro-based industries: 'President approached for 10-years tax exemption'

Sindh government has approached President Asif Ali Zardari to give 10 years tax exemption to agro based industries in Sindh, Sindh Minister for Industries and Commerce, Abdul Rauf Suiddiqui informed business community Speaking at launching ceremony of Kar
Published 26 Mar, 2010 12:00am
Funds Association of Pakistan

Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (March 25, 2010)

Published 26 Mar, 2010 12:00am
Coca-Cola marks Water Day with renewed resolve

Coca-Cola marks Water Day with renewed resolve

Coca-Cola has re-affirmed its commitment to water conservation in Pakistan on the World Water Day that was celebrated around the world on March 22. The company initiated several projects and joined hands with world-renowned organisations in Pakistan to he
Published 26 Mar, 2010 12:00am
Baig thanks SBP chief

Baig thanks SBP chief

Federal Advisor on Textile, Dr Mirza Ikhtiar Baig thanked Governor SBP Saleem Raza for the issuance of Circular No 03 & 04 of 2010 for the payment of 2.5 percent export refinance mark-up to the exporters of textile industry against Ministry of Textile Ind
Published 26 Mar, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Mar, 2010 12:00am
China and Afghanistan pledge to fight terrorism, drugs

China and Afghanistan pledge to fight terrorism, drugs

Chinese Prime Minister Wen Jiabao pledged Thursday to extend aid and economic support for Afghanistan's reconstruction, while calling for both nations to jointly fight terrorism and drug trafficking. In talks with visiting Afghan President Hamid Karzai, W
Published 26 Mar, 2010 12:00am
UN envoy meets Hezb-i-Islami team in Kabul

UN envoy meets Hezb-i-Islami team in Kabul

The UN envoy to Afghanistan met delegates from one of the country's main insurgent groups in Kabul on Thursday, the first Western diplomat to meet them since they arrived in the capital for peace talks with the government. Staffan de Mistura, the UN's new
Published 26 Mar, 2010 12:00am
Airstrikes kill 61 militants

Airstrikes kill 61 militants

Officials say that military airstrikes have killed 61 suspected militants in an area near the Afghan border, including dozens at a seminary where Taliban commanders were believed to be meeting. The jet fire rained in two spells during the day in the Mamuz
Published 26 Mar, 2010 12:00am
Airstrikes kill 61 militants

Airstrikes kill 61 militants

Officials say that military airstrikes have killed 61 suspected militants in an area near the Afghan border, including dozens at a seminary where Taliban commanders were believed to be meeting. The jet fire rained in two spells during the day in the Mamuz
Published 26 Mar, 2010 12:00am
UN envoy meets Hezb-i-Islami team in Kabul

UN envoy meets Hezb-i-Islami team in Kabul

The UN envoy to Afghanistan met delegates from one of the country's main insurgent groups in Kabul on Thursday, the first Western diplomat to meet them since they arrived in the capital for peace talks with the government. Staffan de Mistura, the UN's new
Published 26 Mar, 2010 12:00am
Osama threatens Americans with execution

Osama threatens Americans with execution

Osama bin Laden threatened al Qaeda would kill any Americans it takes prisoner if accused September 11 mastermind Khalid Sheikh Mohammed is put to death, according to an audiotape aired on al Jazeera on Thursday. Senior US officials may recommend that Moh
Published 26 Mar, 2010 12:00am
Osama threatens Americans with execution

Osama threatens Americans with execution

Osama bin Laden threatened al Qaeda would kill any Americans it takes prisoner if accused September 11 mastermind Khalid Sheikh Mohammed is put to death, according to an audiotape aired on al Jazeera on Thursday. Senior US officials may recommend that Moh
Published 26 Mar, 2010 12:00am
UN rights body passes Islamophobia resolution

UN rights body passes Islamophobia resolution

The UN Human Rights Council on Thursday narrowly passed a resolution condemning Islamaphobic behaviour, including Switzerland's minaret building ban, despite some states' major reservations. The resolution, which was criticised by the United States as "an
Published 26 Mar, 2010 12:00am
UN rights body passes Islamophobia resolution

UN rights body passes Islamophobia resolution

The UN Human Rights Council on Thursday narrowly passed a resolution condemning Islamaphobic behaviour, including Switzerland's minaret building ban, despite some states' major reservations. The resolution, which was criticised by the United States as "an
Published 26 Mar, 2010 12:00am
Power shortfall reaches 4,605 megawatts: DG Pepco

Power shortfall reaches 4,605 megawatts: DG Pepco

Director General Pepco Engineer Muhammad Khalid has said that the power shortfall has reached 4605MW with generation recorded as 10180MW against the demand of 14785MW. He was addressing a press conference at Wapda House here on Thursday. He said that powe
Published 26 Mar, 2010 12:00am
Energy on top of Pak-US dialogue agenda: Prime Minister

Energy on top of Pak-US dialogue agenda: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that the problem of energy being faced by the country is on the top of Pak-US strategic dialogue's agenda. Talking to journalists after addressing the inauguration of Swan Bridge and Service Road projects ad
Published 26 Mar, 2010 12:00am
IBM develops anti-spam software for China

IBM develops anti-spam software for China

IBM said Thursday it has developed a system for a Chinese mobile phone operator that blocks spam text messaging, but denied the software could be used as a censorship tool. The US software giant said the system had been developed for a subsidiary of China
Published 26 Mar, 2010 12:00am
India and US clash on access to Mumbai raid American

India and US clash on access to Mumbai raid American

India is building a legal case for access to a Chicago man who pleaded guilty to helping plan the 2008 Mumbai attacks, official said on Thursday, after confusing US signals on whether Indian police could quiz him. New Delhi says it could get more informat
Published 26 Mar, 2010 12:00am
India and US clash on access to Mumbai raid American

India and US clash on access to Mumbai raid American

India is building a legal case for access to a Chicago man who pleaded guilty to helping plan the 2008 Mumbai attacks, official said on Thursday, after confusing US signals on whether Indian police could quiz him. New Delhi says it could get more informat
Published 26 Mar, 2010 12:00am
Circular debt: IMF may extend March 31 deadline

Circular debt: IMF may extend March 31 deadline

The International Monetary Fund (IMF) is likely to extend of March 31, 2010 deadline set for the resolution of the most intransigent of all issues ie of circular debt, well-informed sources told Business Recorder. The sources said circular debt is
Published 26 Mar, 2010 12:00am
Bangladesh sets up 1971 war crimes tribunal

Bangladesh sets up 1971 war crimes tribunal

Bangladesh set up a special tribunal on Thursday to try people accused of committing war crimes during the country's bloody 1971 secession struggle against Pakistan. Investigation and prosecution teams were also named to prosecute people who sided with Pa
Published 26 Mar, 2010 12:00am
Bangladesh sets up 1971 war crimes tribunal

Bangladesh sets up 1971 war crimes tribunal

Bangladesh set up a special tribunal on Thursday to try people accused of committing war crimes during the country's bloody 1971 secession struggle against Pakistan. Investigation and prosecution teams were also named to prosecute people who sided with Pa
Published 26 Mar, 2010 12:00am
Dubai World asks rescheduling of debts up to eight years

Dubai World asks rescheduling of debts up to eight years

Dubai World proposed on Thursday to repay its creditors in full by issuing two tranches of new debt maturing in five and eight years, after months of talks on restructuring sovereign liabilities that had rattled world markets. The announcement came shortl
Published 26 Mar, 2010 12:00am
Landslide lake threatens massive floods in Northern Areas

Landslide lake threatens massive floods in Northern Areas

Authorities in northern Pakistan are struggling to prevent the bursting of a natural dam formed by a landslide that could affect more than 50,000 people and sever an important trade link with China. The landslide, in early January, killed 14 people and bl
Published 26 Mar, 2010 12:00am
Bangladesh IT industry going global

Bangladesh IT industry going global

The information technology industry in Bangladesh has gradually come of age and today accounts for more than Taka 25 billion or USD350 million in annual revenues. It is still a tiny blip compared to a GDP nearing USD100 billion but it's a noticeable blip
Published 26 Mar, 2010 12:00am
France to raise gas tariffs by 9.7 percent

France to raise gas tariffs by 9.7 percent

French state-set natural gas tariffs will rise by 9.7 percent from the start of April, the French energy regulation commission (CRE) said on Thursday. The increase matches a request made by energy group GDF Suez based on a formula used to calculate gas pr
Published 26 Mar, 2010 12:00am
Divisions deepen within government over Japan Post plan

Divisions deepen within government over Japan Post plan

Divisions deepened on Thursday over a proposal by Japan's banking minister to scale back the privatisation of Japan Post, adding to the woes of a government struggling in the polls ahead of a mid-year election. Shizuka Kamei, the country's outspoken banki
Published 26 Mar, 2010 12:00am
S&P to review status of five Dubai government firms

S&P to review status of five Dubai government firms

Standard & Poor's will reassess the credit ratings status of five Dubai government-linked firms following an "extremely positive" debt proposal for the emirate's flagship Dubai World conglomerate. The ratings agency downgraded six Dubai government-related
Published 26 Mar, 2010 12:00am
Hong Kong's Cheung Kong sues Merrill Lynch over mine deal

Hong Kong's Cheung Kong sues Merrill Lynch over mine deal

The Hong Kong utility controlled by the city's richest man Li Ka-shing said Thursday it is suing investment bank Merrill Lynch over a collapsed New Zealand mining deal two years ago. Cheung Kong Infrastructure Holdings filed a lawsuit in the Federal Court
Published 26 Mar, 2010 12:00am
Taiwan's central bank returns to normal policy

Taiwan's central bank returns to normal policy

Taiwan's central bank said on Thursday it is returning to normal monetary policy as the export-reliant economy shows signs of recovery, a move expected to result in an interest rate rise in the second half of the year. The Central Bank of China stopped sh
Published 26 Mar, 2010 12:00am
New Zealand economy gathers pace in fourth quarter; patchy 2010 start

New Zealand economy gathers pace in fourth quarter; patchy 2010 start

New Zealand's economy grew at its fastest pace in two years in the December quarter, but a sluggish start to 2010 has raised doubts about the strength of the recovery and tamed expectations over how far and fast interest rates will rise. Gross domestic pr
Published 26 Mar, 2010 12:00am
French consumer spending drops, outlook murky

French consumer spending drops, outlook murky

French consumer spending fell unexpectedly for the second month running in February, data showed on Thursday, in a sign the euro zone's second largest economy got off to a poor start to 2010. National statistics office INSEE said consumer spending on manu
Published 26 Mar, 2010 12:00am
Sweden ranked world's most networked economy

Sweden ranked world's most networked economy

Nordic countries have the most linked-up economies this year, with Sweden taking the lead of the Global Information Technology report ranking, the World Economic Forum said Thursday. Sweden displaced Denmark to rank first on the chart, while Denmark slid
Published 26 Mar, 2010 12:00am
After Google, another US Web firm cuts back in China

After Google, another US Web firm cuts back in China

Two days after Google halted censorship in China, another leading US Internet company, Go Daddy, said Wednesday it was cutting back on its activities there because of Chinese regulations. Go Daddy, the largest Web domain name registrar in the world, is no
Published 26 Mar, 2010 12:00am
Air Berlin sells more planes to cut debt

Air Berlin sells more planes to cut debt

Air Berlin sold a further batch of aircraft to cut debt and help finance growth via new routes and acquisitions that should take passenger numbers above 30 million this year. Germany's second biggest airline after Lufthansa said on Thursday it divested a
Published 26 Mar, 2010 12:00am
US jobless claims fall, buoy jobs recovery hopes

US jobless claims fall, buoy jobs recovery hopes

The number of US workers filing for jobless aid fell sharply last week and a gauge of underlying labour market trends hit its lowest in 1-1/2 years, boosting hopes the economy is on the verge of creating jobs. But even while the report released on Thursda
Published 26 Mar, 2010 12:00am
China mobile operator ditches Google search

China mobile operator ditches Google search

China's second largest mobile phone operator will remove Google's search function from new handsets in response to the US Internet giant's tussle with Beijing, the Financial Times reported Thursday. The reported move by China Unicom comes as other Chinese
Published 26 Mar, 2010 12:00am
Fed ready to unwind stimulus at 'appropriate time': Bernanke

Fed ready to unwind stimulus at 'appropriate time': Bernanke

The Federal Reserve will be ready to unwind massive measures that helped rescue the US economy "at the appropriate time," chairman Ben Bernanke said Thursday. "We have been working to ensure that we have the tools to reverse, at the appropriate time, the
Published 26 Mar, 2010 12:00am
EU, US reach major deal towards 'open skies' for aviation

EU, US reach major deal towards 'open skies' for aviation

The European Union and the United States on Thursday made a "major step forward" in attempts to seal a full "open skies" deal for aviation, agreeing to remove market barriers, the EU Commission said. "Both sides have agreed to increase regulatory co-opera
Published 26 Mar, 2010 12:00am
US Treasury committed $50 billion to fix mortgages

US Treasury committed $50 billion to fix mortgages

The US Treasury is committed to spending the full $50 billion in bailout funds it budgeted for mortgage modifications but will consider changes to make the program more effective, a senior Treasury official said on Thursday.
Published 26 Mar, 2010 12:00am
RBS unveils debt exchange, sees $1.9 billion gain

RBS unveils debt exchange, sees $1.9 billion gain

Royal Bank of Scotland unveiled a plan to restructure up to 15.8 billion pounds ($23.6 billion) of debt in a balance sheet overhaul that will generate a 1.25 billion pound gain for the bailed-out bank. RBS, 84-percent government-owned after it was rescued
Published 26 Mar, 2010 12:00am
EU leaders inch towards safety net for Greece

EU leaders inch towards safety net for Greece

EU leaders edged towards consensus on a financial safety net for Greece on strict German conditions ahead of a key summit on Thursday after the European Central Bank threw Athens a major reprieve on funding rules. The Greek debt crisis has shaken the cred
Published 26 Mar, 2010 12:00am
France, Germany strike deal

France, Germany strike deal

French President Nicolas Sarkozy and German Chancellor Angela Merkel struck a deal on Thursday to aid Greece as it tackles bloated debts that have threatened the euro, Sarkozy's office said. The agreement was being put to European Union president Herman V
Published 26 Mar, 2010 12:00am
Afghanistan boosts budget revenue by 45 percent

Afghanistan boosts budget revenue by 45 percent

Afghanistan's state revenues rose by 45 percent last year, but still only account for less than a third of the budget in a country that remains dependent on Western aid, the finance ministry said on Thursday. A series of reforms and anti-corruption measur
Published 26 Mar, 2010 12:00am
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