News Archives for Print - 2010-04-14 - Business Recorder

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Print - 2010-04-14

Indonesia tax scandal puts spotlight on corruption

Indonesia tax scandal puts spotlight on corruption

A scandal involving an Indonesian tax official accused of amassing millions of dollars in his bank accounts has put a spotlight on corruption in the country's bureaucracy. Indonesia embarked on sweeping reforms after the fall in 1998 of autocratic preside

Published 14 Apr, 2010 12:00am

GOOD MORNING: The future of our fearful children

GOOD MORNING: The future of our fearful children

I suppose, in the ultimate, when it comes to the subject of children in any given society what is of paramount value and concern is the relationship they will have with the future. Tomorrow belongs to them, and they will inherit what the outgoing generati

Published 14 Apr, 2010 12:00am

'Hazara-Pakhtoonkhwa'?

'Hazara-Pakhtoonkhwa'?

The decision to name NWFP as Khyber Pakhtoonkhwa has acted as a catalytic agent unveiling and strengthening the old but hitherto dormant ethnic divides in the province. Whatever name the province is given now, the issue of a separate Hazara province would

Published 14 Apr, 2010 12:00am

Defective scheme

Defective scheme

While the government's recently announced decision to implement an integrated VAT regime has generated a heated controversy between the Centre and Sindh, a BR report points to problems of a different kind. According to the report, the Federal Board of Rev

Published 14 Apr, 2010 12:00am

Hazara violence

Hazara violence

How ironic that the entire edifice of the 102-clause 18th Amendment is at risk of crumbling under the weight of a single issue: renaming the North-West Frontier Province. The Bill for the proposed amendment, as passed by the National Assembly, is now befo

Published 14 Apr, 2010 12:00am

Convoluted reasoning

Convoluted reasoning

In response to violent protests against massive load-shedding in major cities in recent days, including Lahore, the Federal Minister for Water and Power Raja Parvez Ashraf reiterated his earlier stance: that the way to resolve the crisis is through establ

Published 14 Apr, 2010 12:00am

14 new jails being constructed in Punjab: minister

14 new jails being constructed in Punjab: minister

Culture, Youth Affairs and Sports Minister of Punjab Dr Tanvir-ul-Islam has said that 14 new jails are under construction in different districts of Punjab at a cost of Rs 8 billion to overcome the issue of over-crowdedness in the prisons. He expressed the

Published 14 Apr, 2010 12:00am

Chief minister Gilgit-Baltistan visits PIASSA office

Chief minister Gilgit-Baltistan visits PIASSA office

During his visit to PIA Head Office, Chief Minister Gilgit-Baltistan (GB), Syed Mehdi Shah paid a cordial visit to the office of PIA Senior Staff Association at PIA Head Office. Special Assistant on Press & Media to Chief Minister Sindh Waqar Mehdi also a

Published 14 Apr, 2010 12:00am

'New strategy evolved to combat menace of terrorism'

'New strategy evolved to combat menace of terrorism'

Capital City Police Officer (CCPO), Muhammad Pervez Rathore has said that, keeping in view of existing situation, a well-co-ordinated strategy has been adopted to combat dangers arising due to terrorism, which has helped law-enforcing agencies in unearthi

Published 14 Apr, 2010 12:00am

By-poll in NA-178: PML (Like-minded) to support Khar

By-poll in NA-178: PML (Like-minded) to support Khar

Pakistan Muslim League (Like-minded) has decided to support former Punjab Governor Malik Ghulam Mustafa Khar in the by-election in NA-178 (Muzaffargarh) to be held on May 15. Pakistan Muslim League (Like-minded) Punjab President Mian Atta Manika told B

Published 14 Apr, 2010 12:00am

'Government attaches top priority to promotion of education'

Punjab Chief Minister Muhammad Shahbaz Sharif has said that government is attaching top priority to the promotion of education and special attention is being paid to the provision of necessary facilities in educational institutions. Similarly, he said, du
Published 14 Apr, 2010 12:00am

Women entrepreneurship: Smeda, MOIP hold training programme

Small and Medium Enterprises Development Authority (Smeda) Ministry of Industries and Production (MOIP), government of Pakistan and Women Development Department (WDD) government of Sindh have jointly launched "Women Entrepreneurship Development Training P
Published 14 Apr, 2010 12:00am

PPF invites nominations for award

The Pakistan Press Foundation (PPF) has invited nominations for the Annual Aslam Ali Press Freedom Award - 2010. The award, instituted by PPF with support of United Nations Educational, Scientific and Cultural Organisation (UNESCO), carries a cash award o
Published 14 Apr, 2010 12:00am

HRCP denounces police action in Abbottabad

Human Rights Commission of Pakistan (HRCP) expressed grief over the loss of life and denounces the brutal suppression of public protests in the Hazara region by the police on April 12. HRCP demands an immediate judicial inquiry into the killings of protes
Published 14 Apr, 2010 12:00am

Lawyer killed in Sargodha

Some unidentified persons killed a lawyer in his house here on Tuesday. Mehr Sikandar Advocate (55) was sleeping in the courtyard of his house, while his wife and three children were sleeping in the adjoining room when some unidentified persons scaled the
Published 14 Apr, 2010 12:00am

'More than half of country's population facing risk of iodine deficiency'

The Punjab Minister for Population Welfare Neelam Jabbar Chaudhry has stressed upon the doctors and paramedical staff to create awareness among the mothers, especially rural folk regarding the harmful affects of iodine deficiency in human. She said preven
Published 14 Apr, 2010 12:00am

CCP demands competition law re-promulgation

Chairman Competition Commission of Pakistan (CCP) Khalid Mirza demanded re-promulgation of competition law as it was an effective law to stop the cartelisation in different sectors of industry. Addressing a seminar held under auspices of Judicial Activism
Published 14 Apr, 2010 12:00am

Against loadshedding: over 250 trader organisations announce mass protests

Over 250 traders organisations started mass protests campaign against the ongoing 12 to 14 hours loadshedding here as the deadline given to the government for resolving the issue ended Tuesday, Kashif Shabbir President Rawalpindi Chamber and Industries (R
Published 14 Apr, 2010 12:00am

Chinese entrepreneurs urged to invest in energy sector

Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday urged the Chinese entrepreneurs to invest in energy sector to help Pakistan in overcoming energy crisis for smooth promotion of manufacturing and industrial activities.
Published 14 Apr, 2010 12:00am

General Tyre resumes production

Pakistan's number one tyre manufacturer, The General Tyre and Rubber Company of Pakistan Ltd, has resumed the production of tyres after its labour union has called off the strike. This was stated in a press release issued from General Tyre on Tuesday. The
Published 14 Apr, 2010 12:00am

Remission to prisoners: Punjab government says no letter sent to Centre

The Punjab government has denied that it has written a letter to the federal government regarding remission in the terms of prisoners on the passage of 18th Amendment. In response to a news item appeared in a section of the press, Punjab government's spok
Published 14 Apr, 2010 12:00am

Corruption-free culture promoted: uplift projects being executed in transparent manner, says chief minister Punjab

Punjab Chief Minister Shahbaz Sharif has said that corruption-free culture has been promoted in Punjab and all development projects are being executed in a transparent manner. He said that terrorism and extremism were the outcome of poverty, ignorance and
Published 14 Apr, 2010 12:00am

Carpet Nagar Project: traders' team meets Owais

A 14-member delegation, comprising prominent industrialists and traders, engaged in the hand knitted carpet weaving sector of the province called on the NWFP Governor Owais Ahmed Ghani at Governor's House, Peshawar on Tuesday and apprised him some of the
Published 14 Apr, 2010 12:00am

Gas power generator: SNGPL restrained from disconnecting gas supply

The Lahore High Court (LHC) here on Tuesday restrained Sui Northern Gas Pipelines Limited (SNGPL) from cutting off domestic gas supply connection of petitioner Mubarika Shams for using gas power generator and sought reply from the respondent company till
Published 14 Apr, 2010 12:00am

Citibank, Orix sign accord

Citibank N A Pakistan and Orix leasing Pakistan signed an agreement on Tuesday for renewing the provision of the POS terminal facility to Visa and MasterCard Credit Card holders in Pakistan. The initiative maximises benefits and convenience to Visa and Ma
Published 14 Apr, 2010 12:00am

Prime Minister's Relief Package: call for notifying category-B status for Nowshera

Sarhad Industrial Employers' Association has demanded the issuance of fresh SRO for inclusion of district Nowshera in the category-B of the Prime Minister's Relief Package for economic revival of the terrorism affected areas of the province. The demand wa
Published 14 Apr, 2010 12:00am

Use of force in Balochistan whipping up anti-centre feelings

Peace in Balochistan hinges on implementation of National Finance Commission Award (NFC), Aghaz-e-Haqooq-e-Balochistan Package (AHBP) and 18th Constitutional Amendment, encompassing provincial autonomy. This was the unanimous view of the leaders of mainst
Published 14 Apr, 2010 12:00am

Federal government, Wapda issued notices

The Lahore High Court (LHC) here on Tuesday issued notices to the federal government and Wapda authorities for May 5 in response to a petition filed against unscheduled loadshedding and demanded for removal of federal minister for Water and Power Raja Per
Published 14 Apr, 2010 12:00am

Construction of Benazir monument: LHC adjourns proceedings till May 6

The Lahore High Court (LHC) here on Tuesday adjourned till May 6, for further arguments, the hearing of a petition challenging construction of Benazir Bhutto monument in Rawalpindi or elsewhere with public exchequer. Earlier, petitioner Syed Feroz Shah Gi
Published 14 Apr, 2010 12:00am

USAID, PRGTTI ink MoU to train industry workers

The United States Agency for International Development (USAID) through its "Pakistan JOBS Project" has signed a Memorandum of Understanding with Pakistan Readymade Garments and Technical Training Institute (PRGTTI) in Karachi. The agreement would provide
Published 14 Apr, 2010 12:00am

Distribution of free books

The Punjab Education Foundation (PEF) has completed the task of giving free books to partner schools in 22 districts of the province. An official of Punjab Education Foundation (PEF) stated this here on Tuesday. An official said that textbooks to rest of
Published 14 Apr, 2010 12:00am

LHC Chief Justice takes notice of roughing up of ACE officials by MNA

Chief Justice Lahore High Court (LHC) Khawaja Muhammad Sharif here on Tuesday took strong notice of roughing up a director Anti-Corruption Establishment (ACE) by PML-N MNA to secure release of TMA contractor and sought report from director general ACE. CJ
Published 14 Apr, 2010 12:00am

PUASA takes out protest rally

PU Academic Staff Association (PUASA) took out a massive protest rally from the Old Campus on the Mall Road on Tuesday, which culminated at the Charing Cross and the protestors also staged sit in there.
Published 14 Apr, 2010 12:00am

Moot on heart diseases concludes

7th International Cardiovascular and Thoracic conference concluded at a firm determination for achieving professional excellence through efficient utilisation of indigenous resources to explore cost effective remedies of international standards to the car
Published 14 Apr, 2010 12:00am

Naqeeb-ul-Ashraf visits WTC, Goldcrest construction sites

On the invitation of Al Ghurair Giga Pakistan (Private) Limited, H.E. Syed Naqeeb-ul-Ashraf Abdul Rehman Gilani (Sajjada Nasheen Sheikh Abdul Qadir Jilani (R.A.) visited the under-construction projects "World Trade Center" Islamabad and Goldcrest.
Published 14 Apr, 2010 12:00am

Issue of promotions: sales tax, federal excise officials protest against FBR

The officials of sales tax and federal excise on Tuesday staged a protest against apathetic attitude shown by Federal Board of Revenue (FBR) regarding their promotions.
Published 14 Apr, 2010 12:00am

Trading of Amtex starts on KSE

The formal trading of Amtex Limited has started at the Karachi Stock Exchange (KSE) on Tuesday. The KSE organised bell ringing ceremony for Amtex Limited which marked the formal listing of the company on the exchange. Khurram Iftikhar, CEO of Amtex Limite
Published 14 Apr, 2010 12:00am

Punjab asked to buy wheat from growers at Rs 950 per maund

Pakistan Muttahida Kisan Mahaz (PMKM) has suggested to the Punjab government to come forward and buy wheat from growers at Rs 950 per maund on a credit of six weeks to save the farmers from being exploited by middlemen and avoiding delay in official wheat
Published 14 Apr, 2010 12:00am

Army starts sending tribesmen for Umra

The seven tribesmen belonging to North Waziristan Agency who performed Umra on the expense of the Pakistan Army on Tuesday returned and received by their well wishers at Islamabad Airport. A release of ISPR said that every year army selects 20 individuals
Published 14 Apr, 2010 12:00am

Hajj operations: Ministry seems reluctant to rectify 'serious flaws'

Contrary to the government efforts of streamlining and improving Hajj arrangements, besides ensuring transparency in its conduct, the Ministry of Religious Affairs seems reluctant to rectify serious flaws identified in the Hajj-2009 report regarding pilgr
Published 14 Apr, 2010 12:00am

'BISP working to reduce poverty, empower women'

Benazir Income Support Programme (BISP) is working to reduce poverty and empower women in the country, said Chairperson BISP Farzana Raja on Tuesday. During a meeting with Iraq' Ambassador to Pakistan, Kais Subhi Al-Yacoubi, Farzana Raja said BISP was a r
Published 14 Apr, 2010 12:00am

'Punjab government assessing impact of remission granted to prisoners'

Punjab government spokesman said here on Tuesday that Advocate General Punjab, Home department, Law department and Prosecution officials are examining the affect of the remission granted by the President on the law and order situation of the province. He
Published 14 Apr, 2010 12:00am

Thar, Badin coalfields development: Sindh may approach EU for RFCS fund

Sindh government is likely to approach European Union (EU) to benefit from the Research Fund for Coal and Steel (RFCS) for developing Thar and Badin coalfields and overcome persisting power crises, it is reliably learnt.
Published 14 Apr, 2010 12:00am

'Malpractices in government projects will not be tolerated'

Advisor to Sindh Chief Minister for Inquiries and Inspection, Waqas Malik, has said no corruption, embezzlement or sub-standard work in government projects implemented with public money. Strict legal action will be taken against government officials and c
Published 14 Apr, 2010 12:00am

Tax to be imposed on non-customs paid vehicles in Gilgit-Baltistan

Chief Minister Gilgit-Baltistan (GB) Legislative Assembly, Syed Mehdi Shah Tuesday said tax would be imposed on non-customs paid vehicles in GB. Talking to APP he said the imposition of tax would not affect common people, but the players, who were running
Published 14 Apr, 2010 12:00am

The Weather

The weather report on Tuesday (April 13, 2010) and the forecast for Wednesday (April 14, 2010).

Published 14 Apr, 2010 12:00am

Water supply project begins at Textile City

The construction of water work project (Package-III), costing Rs 678 million for Textile City has started at the site in Port Qasim. The water works project covers a 20 million-gallon (MG) water reservoir, 1.5 million-gallon potable water underground tank
Published 14 Apr, 2010 12:00am

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 14 Apr, 2010 12:00am

National Assembly body shows dissatisfaction at ministry's performance

The Standing Committee on Special Initiatives shows dissatisfaction about the performance of Ministry of Special Initiatives to furnish the whole record of its correspondence regarding CDWI plants with provinces within seven days. The Committee met here T
Published 14 Apr, 2010 12:00am

LME official plastics prices

The following were Monday official prices.

Published 14 Apr, 2010 12:00am

Workshop on biofuel production from agriculture waste commences

A two-day training workshop on "biofuel production from agriculture waste" started at Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS-AAUR) here on Tuesday. The workshop is jointly organised by the Department of Biochemistry PMAS-AAUR in co
Published 14 Apr, 2010 12:00am

LME official plastics prices

The following were Monday official prices.

Published 14 Apr, 2010 12:00am

Pak-US collaboration in health sector discussed

A high level US delegation led by Dr Rajiv Shah, Ambassador of USAID, held a meeting with high ranking health and population officials here to discuss Pak-US collabboration in the health sector. The meeting deliberated at length on areas of possible colla
Published 14 Apr, 2010 12:00am

LME official prices

The following were Monday official prices.

Published 14 Apr, 2010 12:00am

FROM A RINGSIDE SEAT

Pakistan Muslim League (Q) looked to be in total isolation and under massive political pressure in the Senate on Tuesday for budging from its stance on 18th Constitutional Amendment taken in the Parliamentary Committee on Constitutional Reforms.Sensing th
Published 14 Apr, 2010 12:00am

LME official prices

The following were Monday official prices.

Published 14 Apr, 2010 12:00am

Violent protests in Hazara Division: LEAs told to remain vigilant

Owing to violent protests in Hazara Division against renaming NWFP as 'Khyber-Pakhtunkhwa' the Interior Minister Rehman Malik directed the Police and other law enforcement agencies to remain vigilant to avert any untoward incident.
Published 14 Apr, 2010 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Sherry Rehman's resignation accepted

President Asif Ali Zardari on Tuesday accepted the resignation by Sherry Rehman from the office of federal minister, with effect from May 14, 2009. The President accepted the resignation under clause (3) of Article 92 of the Constitution, as Sherry Rehman
Published 14 Apr, 2010 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Issue of Hazara Division a big challenge: PML-N chief

Pakistan Muslim League-Nawaz (PML-N) Quaid Mian Nawaz Sharif Tuesday said that the issue of Hazara Division is a big challenge for all national political leadership and it should be resolved amicably. He said that innocent lives should not be lost to do p
Published 14 Apr, 2010 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Federal and provincial governments told to set up public safety commissions: Supreme Court disposes of police torture case

The Supreme Court on Tuesday disposed the police torture case and directed the federal and provincial governments to constitute public safety commissions within a month. The Supreme Court took up a case of police torture after footage emerged showing poli
Published 14 Apr, 2010 12:00am

Poultry Rates

Wholesale poultry rates on Tuesday (April 13, 2010) and for Wednesday (April 14, 2010)
Published 14 Apr, 2010 12:00am

Government to pursue reforms for macroeconomic stability: Zardari

President Asif Ali Zardari on Tuesday said the government would pursue its economic reforms' agenda for macroeconomic stability despite constraints. Talking to Adnan Mazarei, Head of IMF Mission for Pakistan, here at the President House, the President sai
Published 14 Apr, 2010 12:00am

Multan commodities market rates

Commodities market rates in rupees on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Extradition process of Hamesh to be completed within 10 days: Supreme Court informed

The Supreme Court was Tuesday informed that extradition process of Hamesh Khan, former president Bank of Punjab, accused in Rs 9 billions scam would be completed within ten days.
Published 14 Apr, 2010 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Explosion rocks Islamabad

An explosion which rocked sector H-8 in Islamabad caused panic in the Capital, but no loss of life was reported. According to police, the explosion took place outside the offices of Federal Board of Intermediate and Secondary Education in the green belt o
Published 14 Apr, 2010 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

US encourages Pak-India meetings

The United States has been supportive of meetings between the Pakistani and Indian leaders and continues to encourage the two South Asian nations to find ways to improve their bilateral dialogue, the State Department said.
Published 14 Apr, 2010 12:00am

National Commodity Exchange Trading Summary

National Commodity Exchange Limited Trading Summary on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Pakistan to showcase defence products at DSA 2010 in Malaysia

Pakistan is all set to actively participate in the Defence Services Asia (DSA) 2010 exhibition being held in Kaula Lumpur, Malaysia, from April 19-22. Federal Minister for Defence Chaudhry Ahmed Mukhtar is expected to lead a high level delegation to atten
Published 14 Apr, 2010 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Chief minister Punjab for bringing positive change in 'Thana' culture

Punjab Chief Minister Muhammad Shahbaz Sharif has said that young police officers should play an effective role for provision of prompt justice to common man and bringing a positive change in 'Thana' culture so that a feeling of protection could be promot
Published 14 Apr, 2010 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Law and order situation in NWFP: FBR suspends survey of shopping centres, business units

The Federal Board of Revenue (FBR) has stopped survey of big shopping centres and business establishments in NWFP keeping in view law and order situation in the province. Sources told Business Recorder here on Tuesday that the survey teams of the F
Published 14 Apr, 2010 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Seizure of smuggled/contraband goods: FBR witnesses 160 percent record increase in revenue collection

Federal Board of Revenue (FBR) has witnessed a record increase of 160 percent in revenue collection by seizures of smuggled/contraband goods during first eight months (July-March) 2009-2010 as compared to same period last fiscal year showing remarkable pe
Published 14 Apr, 2010 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

SLICP secures Rs 1.68 billion as first year premium

State Life Insurance Corporation of Pakistan (SLICP) has secured Rs 1.68 billion as First Year Premium (New Business) during the first quarter of 2010 showing an increase of 35.32 percent while in the year 2009 the corporation had secured record First Yea
Published 14 Apr, 2010 12:00am

THE RUPEE: all-round gains

The rupee was sharply higher against dollar and euro on the local currency market on Tuesday, experts said. On the interbank market the rupee maintained its surge, gaining 16 paisa for buying at 83.79 and by 18 paisa for selling at 83.82, they said.
Published 14 Apr, 2010 12:00am

SLICP secures Rs 1.68 billion as first year premium

State Life Insurance Corporation of Pakistan (SLICP) has secured Rs 1.68 billion as First Year Premium (New Business) during the first quarter of 2010 showing an increase of 35.32 percent while in the year 2009 the corporation had secured record First Yea
Published 14 Apr, 2010 12:00am

THE RUPEE: all-round gains

The rupee was sharply higher against dollar and euro on the local currency market on Tuesday, experts said. On the interbank market the rupee maintained its surge, gaining 16 paisa for buying at 83.79 and by 18 paisa for selling at 83.82, they said.
Published 14 Apr, 2010 12:00am

EOI submission date extended

Administrator, Innovative Investment Bank Limited has extended the date of submission of EOI for strategic share holding in the bank, till April 17, 2010.
Published 14 Apr, 2010 12:00am

Textile: NAKSHBANDI INDUSTRIES - Analysis of Financial Statements Financial Year 2003 - Financial Yea 2009

Nakshbandi Industries is principally engaged in production and export of towels. The towel division is one of the country's most technically advanced setup. Using only the high-grade raw material and state of the art machinery, the Nakshbandi towel range
Published 14 Apr, 2010 12:00am

APMGF elects office-bearers

All Pakistan Muslim Ghanchi Federation (APMGF) elected office-bearers in the meeting of the Executive Committee of the federation under the supervision of election Commissioner H Noor Muhammad HA Gaffar Thaim. The meeting was held the other day at Bagh-e-
Published 14 Apr, 2010 12:00am

Textile: NAKSHBANDI INDUSTRIES - Analysis of Financial Statements Financial Year 2003 - Financial Yea 2009

Nakshbandi Industries is principally engaged in production and export of towels. The towel division is one of the country's most technically advanced setup. Using only the high-grade raw material and state of the art machinery, the Nakshbandi towel range
Published 14 Apr, 2010 12:00am

PBC suspends licences of two LHC lawyers

Punjab Bar Council (PBC) executive committee has suspended the practising licences of two lawyers of Lahore High Court for professional misconduct and issued them show cause notices. The suspended lawyers include Hafiz Muhammad Tahir and Ahsan Sohail Anju
Published 14 Apr, 2010 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Call for brisk measures to save marine species from extinction

Fishermen and seafood exporters at a seminar here on Tuesday urged the government to discourage the use of small meshes through brisk measures to save the marine species from extinction in the country's around 1100 km coastline. The government officials u
Published 14 Apr, 2010 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Promotion of low-cost housing schemes: Abad proposes government finance with nominal mark-up

Association of Builders and Developers of Pakistan (ABAD) has proposed the government to provide housing finance with nominal mark-up to promote low cost housing schemes. The budget proposals of ABAD are strongly advocating the builders' problems, which t
Published 14 Apr, 2010 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

Jamaat-i-Islami leader for enhancing education budget

Jamaat-i-Islami deputy chief Sirajul Haq, has stressed the need for enhancing the education budget for imparting best educational facilities to the youth. Addressing the annual dinner of the Mansoora Degree College, he said the nations advancing in the fi
Published 14 Apr, 2010 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

BA/BSc exams: Punjab University establishes 527-exam centres

The Punjab University (PU) has completed all arrangements for B.A./BSc. Examination commencing from April 14, (today). In addition to setting up of 527-exam centres in 25 district of the province, examination centres have also been established in Gilgit a
Published 14 Apr, 2010 12:00am

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 13, 2010).

Published 14 Apr, 2010 12:00am

'Bio-diversity can help tackle environmental degradation'

Syed Naveed Qamar, Federal Minister for Petroleum & Natural Resources has lauded the activities for conservation of bio-diversity that help tackle the impact of environmental degradation and negative effects of spread of carbon footprint, and keep the whe
Published 14 Apr, 2010 12:00am

Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (April 13, 2010)

Published 14 Apr, 2010 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Dec 24

278.53

USD PKR Interbank Buying / Dec 24

278.33

USD to Japanese Yen / Dec 24

157.10

USD to Swiss Franc / Dec 24

0.90

Pound Sterling to USD / Dec 24

1.25

Euro to USD / Dec 24

1.04

Stock Volume

S&P 500 / Dec 23

5,974.07

Nasdaq / Dec 23

19,764.89

Dow Jones / Dec 23

42,906.95

Germany DAX 30 / Dec 23

19,848.77

India Sensex / Dec 24

78,616.57

Tokyo Nikkei / Dec 24

39,036.85

Hang Seng / Dec 24

20,098.29

FTSE 100 / Dec 24

8,130.86

Item Value

Gold 10 Grams PKR / Dec 23

241,087.80

Crude Oil USD/Barrel / Dec 24

69.54

Karachi Cotton PKR/37.32 KG / Dec 24

17,785

Gold Spot USD/Ounce / Dec 24

2,618.54

Cotton US¢/pound / Dec 24

69.13

Petrol/Litre / Dec 25

252.10

Gainers
Losers
Leaders

Stock Price

Sec. Inv. Bank / Dec 24

Security Investment Bank Limited(SIBL)

5.99

▲ 1.00 (20.04%)

Next Capital / Dec 24

Next Capital Limited(NEXT)

8.90

▲ 1.00 (12.66%)

Pak Agro Pack. (GEM) / Dec 24

Pak Agro Packaging Limited (GEM)(GEMPAPL)

9

▲ 1.00 (12.50%)

Ghani Chem. Ind. / Dec 24

Ghani Chemical Industries Limited(GCIL)

16.13

▲ 1.47 (10.03%)

Pak Gulf Leasing / Dec 24

Pak-Gulf Leasing Company Limited(PGLC)

14.37

▲ 1.31 (10.03%)

Popular Islamic / Dec 24

Popular Islamic Modaraba(PIM)

15.58

▲ 1.42 (10.03%)

Mandviwala / Dec 24

Mandviwala Mauser Plastic Industries(MWMP)

16.59

▲ 1.51 (10.01%)

Blessed Tex. / Dec 24

Blessed Textiles Limited(BTL)

301.77

▲ 27.43 (10.00%)

Crescent Cotton / Dec 24

Crescent Cotton Mills Limited(CCM)

55

▲ 5.00 (10.00%)

Stock Price

S.G.Power / Dec 24

S.G. Power Limited(SGPL)

10.58

▼ -1.18 (-10.03%)

Olympia Mills / Dec 24

Olympia Mills Limited(OML)

36

▼ -4.00 (-10.00%)

J.A.Textile / Dec 24

J.A. Textile Mills Limited(JATM)

33.95

▼ -3.77 (-9.99%)

Sanghar Sugar / Dec 24

Sanghar Sugar Mills Limited(SANSM)

26.16

▼ -2.90 (-9.98%)

I.C.C. Ind. / Dec 24

ICC Industries Limited(ICCI)

9.85

▼ -1.07 (-9.80%)

National Silk / Dec 24

The National Silk & Rayon Mills Limited(NSRM)

50.01

▼ -5.43 (-9.79%)

Gulshan Sp. / Dec 24

Gulshan Spinning Mills Limited(GSPM)

4.10

▼ -0.40 (-8.89%)

Crescent Fib. / Dec 24

Crescent Fibres Limited(CFL)

40.16

▼ -3.81 (-8.66%)

Reliance Ins. / Dec 24

Reliance Insurance Company Limited(RICL)

11.55

▼ -1.05 (-8.33%)

Stock Volume

WorldCall Telecom / Dec 24

Worldcall Telecom Limited(WTL)

126,573,463

▲ 0.05

Fauji Foods Ltd / Dec 24

Fauji Foods Limited(FFL)

66,984,381

▲ 0.49

Cnergyico PK / Dec 24

Cnergyico PK Limited(CNERGY)

66,471,663

▼ -0.27

Pak Elektron / Dec 24

Pak Elektron Limited(PAEL)

38,651,653

▼ -1.53

K-Electric Ltd. / Dec 24

K-Electric Limited(KEL)

36,108,956

▼ -0.18

Sui South Gas / Dec 24

Sui Southern Gas Company Limited(SSGC)

33,467,532

▼ -0.50

P.T.C.L. / Dec 24

Pakistan Telecommunication Company Ltd(PTC)

33,030,118

▼ -1.31

TRG Pak Ltd / Dec 24

TRG Pakistan Limited(TRG)

29,441,264

▲ 3.35

Pace (Pak) Ltd. / Dec 24

Pace (Pakistan) Limited(PACE)

28,106,970

▼ -0.18

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