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Print - 2010-04-14
Pepco accuses SNGPL of violating PCRC's decisions

Pepco accuses SNGPL of violating PCRC's decisions

Pakistan Electric Power Company (Pepco) has accused Sui Northern Gas Pipeline Limited (SNGPL) of supplying natural gas to "blue eyed " private sector's consumers instead of public sector power generating plants by violating decisions of power crisis resol
Published 14 Apr, 2010 12:00am
Pepco accuses SNGPL of violating PCRC's decisions

Pepco accuses SNGPL of violating PCRC's decisions

Pakistan Electric Power Company (Pepco) has accused Sui Northern Gas Pipeline Limited (SNGPL) of supplying natural gas to "blue eyed " private sector's consumers instead of public sector power generating plants by violating decisions of power crisis resol
Published 14 Apr, 2010 12:00am
Pepco accuses SNGPL of violating PCRC''s decisions

Pepco accuses SNGPL of violating PCRC''s decisions

Pakistan Electric Power Company (Pepco) has accused Sui Northern Gas Pipeline Limited (SNGPL) of supplying natural gas to "blue eyed " private sector''s consumers instead of public sector power generating plants by violating decisions of power crisis reso
Published 14 Apr, 2010 12:00am
Exports register 37.8 percent increase

Exports register 37.8 percent increase

Pakistan's exports have turned the corner and overcome the challenges posed by the global recession. The exports in March stood at 1.807 billion dollar as compared with 1.312 billion dollar in March 2009, registering a 37.8 percent increase over the corre
Published 14 Apr, 2010 12:00am
SBP announces 'Inland Freight Subsidy' payment rule

SBP announces 'Inland Freight Subsidy' payment rule

The State Bank of Pakistan on Tuesday announced the procedure for the payment of "Inland Freight Subsidy," which would be 35 percent of inland cost for cement and 50 percent for other sectors. According to SBP's Circular EPD/06/EPP.1 (51)-FS- 2010, govern
Published 14 Apr, 2010 12:00am
SBP announces 'Inland Freight Subsidy' payment rule

SBP announces 'Inland Freight Subsidy' payment rule

The State Bank of Pakistan on Tuesday announced the procedure for the payment of "Inland Freight Subsidy," which would be 35 percent of inland cost for cement and 50 percent for other sectors. According to SBP's Circular EPD/06/EPP.1 (51)-FS- 2010, govern
Published 14 Apr, 2010 12:00am
SBP announces ''Inland Freight Subsidy'' payment rule

SBP announces ''Inland Freight Subsidy'' payment rule

The State Bank of Pakistan on Tuesday announced the procedure for the payment of "Inland Freight Subsidy," which would be 35 percent of inland cost for cement and 50 percent for other sectors. According to SBP''s Circular EPD/06/EPP.1 (51)-FS- 2010, gover
Published 14 Apr, 2010 12:00am
Index loses 50.99 points

Index loses 50.99 points

The KSE-100 index on Tuesday lost 50.99 points to close at 10.506.20 level with low volumes due to investors' cautious stance due to uncertainty on political front and declining oil prices in the international market. Although the market opened on a posit
Published 14 Apr, 2010 12:00am
Index loses 50.99 points

Index loses 50.99 points

The KSE-100 index on Tuesday lost 50.99 points to close at 10.506.20 level with low volumes due to investors' cautious stance due to uncertainty on political front and declining oil prices in the international market. Although the market opened on a posit
Published 14 Apr, 2010 12:00am
Index loses 50.99 points

Index loses 50.99 points

The KSE-100 index on Tuesday lost 50.99 points to close at 10.506.20 level with low volumes due to investors'' cautious stance due to uncertainty on political front and declining oil prices in the international market. Although the market opened on a posi
Published 14 Apr, 2010 12:00am
BRIndex30 down 88.77 points

BRIndex30 down 88.77 points

On Tuesday, BRIndex30 opened at 8,867.34 and remained negative throughout the trading time. It touched an intraday high of 8,890.06 and an intraday low of 8,767.55 and closed at 8,778.57, which is -88.77 points or -1 percent lower than yesterday's close.
Published 14 Apr, 2010 12:00am
BRIndex30 down 88.77 points

BRIndex30 down 88.77 points

On Tuesday, BRIndex30 opened at 8,867.34 and remained negative throughout the trading time. It touched an intraday high of 8,890.06 and an intraday low of 8,767.55 and closed at 8,778.57, which is -88.77 points or -1 percent lower than yesterday's close.
Published 14 Apr, 2010 12:00am
ADB urges faster economic changes

ADB urges faster economic changes

Pakistan must swiftly end power cuts, boost tax collection and ease violence to secure economic growth and counter fiscal imbalances, the Asian Development Bank (ADB) said on Tuesday. Pakistan has struggled to keep its economy afloat with the help of a $1
Published 14 Apr, 2010 12:00am
LSE index down 15.91 points

LSE index down 15.91 points

Bearish sentiments continued to prevail on the Lahore Stock Exchange (LSE) on Tuesday where equities remained under pressure and registered losses across the board due to panic selling on account of worsening law and order situation in the country, partic
Published 14 Apr, 2010 12:00am
LSE index down 15.91 points

LSE index down 15.91 points

Bearish sentiments continued to prevail on the Lahore Stock Exchange (LSE) on Tuesday where equities remained under pressure and registered losses across the board due to panic selling on account of worsening law and order situation in the country, partic
Published 14 Apr, 2010 12:00am
IMF boosts lending resources to $550 billion

IMF boosts lending resources to $550 billion

The International Monetary Fund set Monday a tenfold expansion in its standing credit with member nations to 550 billion dollars to improve crisis lending capacity. The IMF executive board approved the major expansion of the borrowing arrangements, a year
Published 14 Apr, 2010 12:00am
FAP rejects government wheat procurement policy

FAP rejects government wheat procurement policy

Farmers Associates Pakistan (FAP) rejecting the 'wheat procurement policy' of the Punjab government has urged that the procurement should be started by April 15 positively. FAP's wheat growing members at a specially convened meeting rejected the wheat pro
Published 14 Apr, 2010 12:00am
US presses for global finance rules this year

US presses for global finance rules this year

US Treasury Secretary Timothy Geithner eyed new international financial standards on Tuesday, hinting a deal was possible before the end of the year. Writing in the Washington Post, Geithner said rules being discussed by Congress would allow the governmen
Published 14 Apr, 2010 12:00am
US presses for global finance rules this year

US presses for global finance rules this year

US Treasury Secretary Timothy Geithner eyed new international financial standards on Tuesday, hinting a deal was possible before the end of the year. Writing in the Washington Post, Geithner said rules being discussed by Congress would allow the governmen
Published 14 Apr, 2010 12:00am
Cruise with over 600 tourists aboard docks at city's port after 15 years

Cruise with over 600 tourists aboard docks at city's port after 15 years

The local authorities are rejoicing as hundreds of maritime tourists from across the globe turned up to the shores of terrorism-hit country in a world class passenger cruise after about 15 years. MS ALBATROS, a German cruise whose local agent is United Ma
Published 14 Apr, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 Apr, 2010 12:00am
Cruise with over 600 tourists aboard docks at city's port after 15 years

Cruise with over 600 tourists aboard docks at city's port after 15 years

The local authorities are rejoicing as hundreds of maritime tourists from across the globe turned up to the shores of terrorism-hit country in a world class passenger cruise after about 15 years. MS ALBATROS, a German cruise whose local agent is United Ma
Published 14 Apr, 2010 12:00am
Pakistan to showcase defence products at DSA 2010

Pakistan to showcase defence products at DSA 2010

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
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 14 Apr, 2010 12:00am
Pakistan faces three interconnected development challenges: ADB

Pakistan faces three interconnected development challenges: ADB

Asian Development Bank noted that Pakistan faces three interconnected development challenges. The first is its weak fiscal situation, marked by under performance in government revenue over the years. The second is low growth and the challenge to revive it
Published 14 Apr, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Apr, 2010 12:00am
Power tariff: minister hints at delaying proposed six percent hike

Power tariff: minister hints at delaying proposed six percent hike

Government may delay the proposed six percent increase in power tariff to avoid problems caused by the prolonged load shedding across the country. "My first priority is to resolve the issues of load shedding before increasing power tariff," Federal Minist
Published 14 Apr, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Apr, 2010 12:00am
People displaced by fighting languish in camps

People displaced by fighting languish in camps

A military offensive against Taliban insurgents in the north-west has forced thousands to flee for camps, possibly undermining public support for a US-backed crackdown on militants. Pakistani security forces have stepped up assaults in the northwest over
Published 14 Apr, 2010 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 14 Apr, 2010 12:00am
Boy injured by speeding US Consulate vehicle

Boy injured by speeding US Consulate vehicle

A speeding vehicle of the American Consulate on Tuesday hit a pedestrian in Saddar area, it is learnt. Police and eye witnesses told Business Recorder that an offensively speeding black coloured Land Cruiser of the consulate bearing registration nu
Published 14 Apr, 2010 12:00am
High mark-up rate restrains entrepreneurs from acquiring loans: survey

High mark-up rate restrains entrepreneurs from acquiring loans: survey

A survey conducted by the Small and Medium Enterprises Development Authority (SMEDA) has revealed that 84 percent of the total respondents had not applied for a bank loan during the last two years mainly because of high mark-up rate. As many as 1604 estab
Published 14 Apr, 2010 12:00am
Funds Association of Pakistan

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
CIPE, LEJA organise workshop

CIPE, LEJA organise workshop

There is need to improve the skills of the economic journalists for better analysis while reporting and positive and result orientated criticism. These views were expressed by Asad Hussain, a seasoned economist, trainer and researcher, while speaking at a
Published 14 Apr, 2010 12:00am
Funds Association of Pakistan

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
'SBP ensuring adequate amount of credit to private sector'

'SBP ensuring adequate amount of credit to private sector'

Muhammad Kamran Shehzad, Deputy Governor, State Bank of Pakistan, has said the central bank is ensuring availability of adequate credit to private sector to promote economic growth on the sustainable basis. Addressing members of the Surgical Instrument Ma
Published 14 Apr, 2010 12:00am
Funds Association of Pakistan

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
'Bio-diversity can help tackle environmental degradation'

'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
Member to Member

Member to Member

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

Published 14 Apr, 2010 12:00am
BA/BSc exams: Punjab University establishes 527-exam centres

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
Jamaat-i-Islami leader for enhancing education budget

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
Call for brisk measures to save marine species from extinction

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
Federal government, Wapda issued notices

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
PUASA takes out protest rally

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

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
Distribution of free books

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
USAID, PRGTTI ink MoU to train industry workers

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
Construction of Benazir monument: LHC adjourns proceedings till May 6

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
Citibank, Orix sign accord

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
Carpet Nagar Project: traders' team meets Owais

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

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