News Archives for Print - 2010-04-18 - Business Recorder

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Print - 2010-04-18

DGIA proposes to amend Section 113 of Income Tax Ordinance: FBR receives budget proposals

DGIA proposes to amend Section 113 of Income Tax Ordinance: FBR receives budget proposals

The Federal Board of Revenue (FBR) has received budget proposals of the Directorate General of Internal Audit (DGIA), Lahore to amend Section 113 of the Income Tax Ordinance to ensure payment of turnover tax by all companies if tax payable is less than 0.

Published 18 Apr, 2010 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (April 17, 2010).

Published 18 Apr, 2010 12:00am

President and Prime Minister condemn blast at IDPs camp

President and Prime Minister condemn blast at IDPs camp

President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani on Saturday strongly condemned the bomb blast in a camp of internally displaced persons (IDPs) in Kohat's Katcha Pakha area, that killed several people. The President expressed his condolenc

Published 18 Apr, 2010 12:00am

Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (April 17, 2010) and for Sunday (April 18, 2010)

Published 18 Apr, 2010 12:00am

Health sector: government committed to increasing budgetary allocation, says Prime Minister

Health sector: government committed to increasing budgetary allocation, says Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that despite financial crunch the government is committed to increase budgetary allocation for health sector substantially to make sure that no child dies due to lack of healthcare. Addressing the gathering

Published 18 Apr, 2010 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 17, 2010).

Published 18 Apr, 2010 12:00am

Health sector: government committed to increasing budgetary allocation, says Prime Minister

Health sector: government committed to increasing budgetary allocation, says Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that despite financial crunch the government is committed to increase budgetary allocation for health sector substantially to make sure that no child dies due to lack of healthcare. Addressing the gathering

Published 18 Apr, 2010 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 17, 2010).

Published 18 Apr, 2010 12:00am

Kasab's, Fahim's non-bailable arrest warrants issued

Kasab's, Fahim's non-bailable arrest warrants issued

The Anti-Terrorism Court-I while issuing the arrest warrants of Mumbai mayhem case directed the FIA to fulfil legal requirements in connection with producing the main accused in the court. Anti Terror Court-I resumed the hearing of Mumbai attack case on S

Published 18 Apr, 2010 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 17, 2010).

Published 18 Apr, 2010 12:00am

Kasab's, Fahim's non-bailable arrest warrants issued

Kasab's, Fahim's non-bailable arrest warrants issued

The Anti-Terrorism Court-I while issuing the arrest warrants of Mumbai mayhem case directed the FIA to fulfil legal requirements in connection with producing the main accused in the court. Anti Terror Court-I resumed the hearing of Mumbai attack case on S

Published 18 Apr, 2010 12:00am

The Weather

The Weather

The weather report on Saturday (April 17, 2010) and the forecast for Sunday (April 18, 2010).

Published 18 Apr, 2010 12:00am

SEAMEWE-4 to start repairing of cable today

SEAMEWE-4 to start repairing of cable today

The SEAMEWE-4 Consortium has announced that their submarine cable system suffered a fault near Italy on April 14. The Consortium has planned to carry out repair operation of the faulty segment on priority and the cable repair ship has been mobilised for t

Published 18 Apr, 2010 12:00am

Iran, at nuclear conference, hits out at 'bullies'

Iran, at nuclear conference, hits out at 'bullies'

Iran said China and Russia were represented at its own disarmament conference on Saturday, held in response to a summit in Washington to which it was not invited and intended to hit back at nuclear-armed "bullies". Iran said 60 countries were represented,

Published 18 Apr, 2010 12:00am

Iran, at nuclear conference, hits out at 'bullies'

Iran, at nuclear conference, hits out at 'bullies'

Iran said China and Russia were represented at its own disarmament conference on Saturday, held in response to a summit in Washington to which it was not invited and intended to hit back at nuclear-armed "bullies". Iran said 60 countries were represented,

Published 18 Apr, 2010 12:00am

Ten wounded in India cricket stadium blast

Ten wounded in India cricket stadium blast

At least 10 people were wounded when a bomb exploded on Saturday outside a packed cricket stadium in the southern Indian city of Bangalore, police said. The blast blew off portions of an outer wall of the stadium, packed with people who had come to watch

Published 18 Apr, 2010 12:00am

Ten wounded in India cricket stadium blast

Ten wounded in India cricket stadium blast

At least 10 people were wounded when a bomb exploded on Saturday outside a packed cricket stadium in the southern Indian city of Bangalore, police said. The blast blew off portions of an outer wall of the stadium, packed with people who had come to watch

Published 18 Apr, 2010 12:00am

Prosecutors present 'evidence' of Americans' link with militants

Prosecutors present 'evidence' of Americans' link with militants

The Pakistani government presented evidence in court on Saturday that allegedly showed contacts between five detained Americans and a reputed al Qaida-linked militant leader, revealing the leader's identity for the first time, a prosecutor said. The north

Published 18 Apr, 2010 12:00am

Power shortfall surges to 5,010 megawatts

Power shortfall surges to 5,010 megawatts

The power shortfall on Saturday surged to 5,010 MW as generation was recorded 10,306 MW against total demand of 15,316 MW during last 24 hours. According to daily power generation report, the hydel generation stood at 2,714 MW, Wapda thermal 2,586 MW and

Published 18 Apr, 2010 12:00am

Power shortfall surges to 5,010 megawatts

Power shortfall surges to 5,010 megawatts

The power shortfall on Saturday surged to 5,010 MW as generation was recorded 10,306 MW against total demand of 15,316 MW during last 24 hours. According to daily power generation report, the hydel generation stood at 2,714 MW, Wapda thermal 2,586 MW and

Published 18 Apr, 2010 12:00am

Power shortfall surges to 5,010 megawatts

Power shortfall surges to 5,010 megawatts

The power shortfall on Saturday surged to 5,010 MW as generation was recorded 10,306 MW against total demand of 15,316 MW during last 24 hours. According to daily power generation report, the hydel generation stood at 2,714 MW, Wapda thermal 2,586 MW and

Published 18 Apr, 2010 12:00am

Goldman fraud charges trigger prospect of wider crackdown

Goldman fraud charges trigger prospect of wider crackdown

Wall Street giant Goldman Sachs faced charges of financial fraud Saturday as US financial firms eyed the prospect of a wider crackdown on those that bet on the collapse of the housing market. A civil suit filed by the Securities and Exchange Commission Fr

Published 18 Apr, 2010 12:00am

Goldman fraud charges trigger prospect of wider crackdown

Goldman fraud charges trigger prospect of wider crackdown

Wall Street giant Goldman Sachs faced charges of financial fraud Saturday as US financial firms eyed the prospect of a wider crackdown on those that bet on the collapse of the housing market. A civil suit filed by the Securities and Exchange Commission Fr

Published 18 Apr, 2010 12:00am

Goldman fraud charges trigger prospect of wider crackdown

Goldman fraud charges trigger prospect of wider crackdown

Wall Street giant Goldman Sachs faced charges of financial fraud Saturday as US financial firms eyed the prospect of a wider crackdown on those that bet on the collapse of the housing market. A civil suit filed by the Securities and Exchange Commission Fr

Published 18 Apr, 2010 12:00am

Trade bodies to protest against loadshedding on April 19

Trade bodies to protest against loadshedding on April 19

A joint meeting of Trade Bodies was held at Sialkot Chamber of Commerce & Industry, in which great concern was expressed against the unscheduled load shedding of up to 14 to 16 hours in Sialkot. It was noted that even the Industrial Feeders are no excepti

Published 18 Apr, 2010 12:00am

Trade bodies to protest against loadshedding on April 19

Trade bodies to protest against loadshedding on April 19

A joint meeting of Trade Bodies was held at Sialkot Chamber of Commerce & Industry, in which great concern was expressed against the unscheduled load shedding of up to 14 to 16 hours in Sialkot. It was noted that even the Industrial Feeders are no excepti

Published 18 Apr, 2010 12:00am

Trade bodies to protest against loadshedding on April 19

Trade bodies to protest against loadshedding on April 19

A joint meeting of Trade Bodies was held at Sialkot Chamber of Commerce & Industry, in which great concern was expressed against the unscheduled load shedding of up to 14 to 16 hours in Sialkot. It was noted that even the Industrial Feeders are no excepti

Published 18 Apr, 2010 12:00am

Saudis to build nuclear, renewable energy centre

Saudis to build nuclear, renewable energy centre

Saudi Arabia on Saturday announced plans to build a new centre for nuclear and alternative energy technologies aimed at diversifying power generation away from its oil and natural gas wealth. Former commerce minister Hashem bin Abdullah Yamani was named t

Published 18 Apr, 2010 12:00am

Saudis to build nuclear, renewable energy centre

Saudis to build nuclear, renewable energy centre

Saudi Arabia on Saturday announced plans to build a new centre for nuclear and alternative energy technologies aimed at diversifying power generation away from its oil and natural gas wealth. Former commerce minister Hashem bin Abdullah Yamani was named t

Published 18 Apr, 2010 12:00am

Saudis to build nuclear, renewable energy centre

Saudis to build nuclear, renewable energy centre

Saudi Arabia on Saturday announced plans to build a new centre for nuclear and alternative energy technologies aimed at diversifying power generation away from its oil and natural gas wealth. Former commerce minister Hashem bin Abdullah Yamani was named t

Published 18 Apr, 2010 12:00am

RTO Karachi budget 2010-11 proposals: gain by property seller be brought into tax net

RTO Karachi budget 2010-11 proposals: gain by property seller be brought into tax net

Regional Tax Office, Karachi has proposed that a property which has undergone more than one transaction in last five years may attract tax to be collected by the registrar of property from the seller wef fiscal 2010-11. According to the budget proposals (

Published 18 Apr, 2010 12:00am

RTO Karachi budget 2010-11 proposals: gain by property seller be brought into tax net

RTO Karachi budget 2010-11 proposals: gain by property seller be brought into tax net

Regional Tax Office, Karachi has proposed that a property which has undergone more than one transaction in last five years may attract tax to be collected by the registrar of property from the seller wef fiscal 2010-11. According to the budget proposals (

Published 18 Apr, 2010 12:00am

RTO Karachi budget 2010-11 proposals: gain by property seller be brought into tax net

RTO Karachi budget 2010-11 proposals: gain by property seller be brought into tax net

Regional Tax Office, Karachi has proposed that a property which has undergone more than one transaction in last five years may attract tax to be collected by the registrar of property from the seller wef fiscal 2010-11. According to the budget proposals (

Published 18 Apr, 2010 12:00am

RTO Karachi budget 2010-11 proposals: gain by property seller be brought into tax net

RTO Karachi budget 2010-11 proposals: gain by property seller be brought into tax net

Regional Tax Office, Karachi has proposed that a property which has undergone more than one transaction in last five years may attract tax to be collected by the registrar of property from the seller wef fiscal 2010-11. According to the budget proposals (

Published 18 Apr, 2010 12:00am

IPC moves to regulate foreign hunters: Concurrent List to go in July 2011, says minister

IPC moves to regulate foreign hunters: Concurrent List to go in July 2011, says minister

The federal government would abolish the Concurrent List in July 2011 to provide the provinces with enough time to prepare the relevant policies and infrastructure. This was stated by Federal Minister for Inter-Provincial Co-ordination Pir Aftab Shah Jila

Published 18 Apr, 2010 12:00am

IPC moves to regulate foreign hunters: Concurrent List to go in July 2011, says minister

IPC moves to regulate foreign hunters: Concurrent List to go in July 2011, says minister

The federal government would abolish the Concurrent List in July 2011 to provide the provinces with enough time to prepare the relevant policies and infrastructure. This was stated by Federal Minister for Inter-Provincial Co-ordination Pir Aftab Shah Jila

Published 18 Apr, 2010 12:00am

Reshuffling in Pakistan Army

Reshuffling in Pakistan Army

In a major reshuffle in the Pakistan Army on Saturday Lieutenant General Khalid Shams has been appointed as Chief of General Staff, whereas the corps commanders of Lahore, Quetta and Mangla were replaced. The former Chief of General Staff Lieutenant Gener

Published 18 Apr, 2010 12:00am

Reshuffling in Pakistan Army

Reshuffling in Pakistan Army

In a major reshuffle in the Pakistan Army on Saturday Lieutenant General Khalid Shams has been appointed as Chief of General Staff, whereas the corps commanders of Lahore, Quetta and Mangla were replaced. The former Chief of General Staff Lieutenant Gener

Published 18 Apr, 2010 12:00am

Import of 75,000 metric tons sugar: TCP awards tender to Cargill International

Import of 75,000 metric tons sugar: TCP awards tender to Cargill International

The Trading Corporation of Pakistan has awarded tender for import of 75,000 MT sugar to the lowest bidder - Cargill International. In pursuance of the Economic Co-ordination Committee of the Cabinet decision, the TCP is importing sugar for price stabilisa

Published 18 Apr, 2010 12:00am

Import of 75,000 metric tons sugar: TCP awards tender to Cargill International

Import of 75,000 metric tons sugar: TCP awards tender to Cargill International

The Trading Corporation of Pakistan has awarded tender for import of 75,000 MT sugar to the lowest bidder - Cargill International. In pursuance of the Economic Co-ordination Committee of the Cabinet decision, the TCP is importing sugar for price stabilisa

Published 18 Apr, 2010 12:00am

Import of 75,000 metric tons sugar: TCP awards tender to Cargill International

Import of 75,000 metric tons sugar: TCP awards tender to Cargill International

The Trading Corporation of Pakistan has awarded tender for import of 75,000 MT sugar to the lowest bidder - Cargill International. In pursuance of the Economic Co-ordination Committee of the Cabinet decision, the TCP is importing sugar for price stabilisa

Published 18 Apr, 2010 12:00am

Karzai appoints new elections chief

Karzai appoints new elections chief

Afghan President Hamid Karzai on Saturday appointed a new chief for the insurgency-hit nation's election commission after top officials stepped down over fraud allegations, a spokesman said. "His excellency Fazel Ahmad Manavi has been appointed as the cha

Published 18 Apr, 2010 12:00am

Karzai appoints new elections chief

Karzai appoints new elections chief

Afghan President Hamid Karzai on Saturday appointed a new chief for the insurgency-hit nation's election commission after top officials stepped down over fraud allegations, a spokesman said. "His excellency Fazel Ahmad Manavi has been appointed as the cha

Published 18 Apr, 2010 12:00am

PPP core committee meeting held

PPP core committee meeting held

Pakistan People's Party core committee meeting was held in Islamabad on Saturday night, Aaj News reported. Talking to the channel, Farhatullah Babar said the committee expressed its satisfaction over the UN Commission report on BB's murder. He said

Published 18 Apr, 2010 12:00am

PPP core committee meeting held

PPP core committee meeting held

Pakistan People's Party core committee meeting was held in Islamabad on Saturday night, Aaj News reported. Talking to the channel, Farhatullah Babar said the committee expressed its satisfaction over the UN Commission report on BB's murder. He said

Published 18 Apr, 2010 12:00am

Chief minister Punjab urges government not to impose duty on sugar import

Chief minister Punjab urges government not to impose duty on sugar import

Punjab Chief Minister, Shahbaz Sharif has appealed to the federal government not to impose duty on the import of sugar. The chief minister demanded of the government that sugar import be exempted from duty as sugar was of every day use for a common man an

Published 18 Apr, 2010 12:00am

Chief minister Punjab urges government not to impose duty on sugar import

Chief minister Punjab urges government not to impose duty on sugar import

Punjab Chief Minister, Shahbaz Sharif has appealed to the federal government not to impose duty on the import of sugar. The chief minister demanded of the government that sugar import be exempted from duty as sugar was of every day use for a common man an

Published 18 Apr, 2010 12:00am

Chief minister Punjab urges government not to impose duty on sugar import

Chief minister Punjab urges government not to impose duty on sugar import

Punjab Chief Minister, Shahbaz Sharif has appealed to the federal government not to impose duty on the import of sugar. The chief minister demanded of the government that sugar import be exempted from duty as sugar was of every day use for a common man an

Published 18 Apr, 2010 12:00am

'Khyber-Pakhtoonkhwa': Nawaz declines resignation of party MNA

'Khyber-Pakhtoonkhwa': Nawaz declines resignation of party MNA

Pakistan Muslim League-Nawaz Quaid Mohammad Nawaz Sharif has declined to accept the resignation of PML-N MNA Sardar Mehtab Abbasi and asked him to continue to work in the larger interest of PML-N as well as the country. Sources in the PML-N told Busine

Published 18 Apr, 2010 12:00am

PML-N terms PML-Q 'hypocrite'

Pakistan Muslim League-N said on Saturday that Q-League's support for 18th amendment in both houses had proved it a hypocrite party. Senator Pervaiz Rasheed of PML-N said that hypocrisy of the Q-League was evident from the very first day. He said that aft
Published 18 Apr, 2010 12:00am

18 hours of load shedding: protest is the right of people, says Elahi

Central Leader of PML (Q) and former chief minister Punjab, Chaudhry Pervez Elahi has said that people were fed up with the 18 hours of load shedding. He said that the people were protesting and chief minister Punjab Shahbaz Sharif was giving the orders o
Published 18 Apr, 2010 12:00am

Violent protests in Deena against loadshedding

Protestors at Deena, district Jehlum on Saturday clashed with police and torched Rescue 115 office, Wapda offices, an ambulance, a fire tender and other vehicles to vent their anger over severe power outages in the area, Aaj News reported. Protesto
Published 18 Apr, 2010 12:00am

Violent protests in Deena against loadshedding

Protestors at Deena, district Jehlum on Saturday clashed with police and torched Rescue 115 office, Wapda offices, an ambulance, a fire tender and other vehicles to vent their anger over severe power outages in the area, Aaj News reported. Protesto
Published 18 Apr, 2010 12:00am

Ecuador threatens to take over oil operations

Ecuador will propose legislation to take over operations of oil companies in the country unless the firms sign new contracts aimed at increasing state control over the sector, President Rafael Correa said on Saturday. The government wants foreign oil comp
Published 18 Apr, 2010 12:00am

Ecuador threatens to take over oil operations

Ecuador will propose legislation to take over operations of oil companies in the country unless the firms sign new contracts aimed at increasing state control over the sector, President Rafael Correa said on Saturday. The government wants foreign oil comp
Published 18 Apr, 2010 12:00am

Ecuador threatens to take over oil operations

Ecuador will propose legislation to take over operations of oil companies in the country unless the firms sign new contracts aimed at increasing state control over the sector, President Rafael Correa said on Saturday. The government wants foreign oil comp
Published 18 Apr, 2010 12:00am

Russia to start Shtokman gas field development 2011

Russia plans to start development of the giant Arctic Shtokman gas field in spring 2011, Russian Prime Minister Vladimir Putin said on Saturday. "Nobody has cancelled the project. The investment decision will be made next year in spring and the work will
Published 18 Apr, 2010 12:00am

Russia to start Shtokman gas field development 2011

Russia plans to start development of the giant Arctic Shtokman gas field in spring 2011, Russian Prime Minister Vladimir Putin said on Saturday. "Nobody has cancelled the project. The investment decision will be made next year in spring and the work will
Published 18 Apr, 2010 12:00am

Russia to start Shtokman gas field development 2011

Russia plans to start development of the giant Arctic Shtokman gas field in spring 2011, Russian Prime Minister Vladimir Putin said on Saturday. "Nobody has cancelled the project. The investment decision will be made next year in spring and the work will
Published 18 Apr, 2010 12:00am

Swedish ambassador calls on chief minister Punjab

Swedish Ambassador in Pakistan Ms Ulrika Sundberg called on Punjab Chief Minister Muhammad Shahbaz Sharif at Chief Minister's Secretariat here on Saturday and discussed matters of mutual interest and increase in co-operation in various sectors also came u
Published 18 Apr, 2010 12:00am

Demand for new provinces is justified, says Aitzaz

Barrister Aitzaz Ahsan on Saturday said that the demand for new provinces was justified, which would strengthen the federation with devolution of power to a lower level of the society. Answering to a question after his lecture at a programme, which The Ci
Published 18 Apr, 2010 12:00am

Sindh finance committee to deliberate on VAT bill on April 19: MPAs maintaining dubious silence

Sindh legislators are maintaining a dubious silence on the VAT bills as no pragmatic move has been made on the issue in the Sindh Assembly so far. The standing committee on finance, government of Sindh, has been summoned on April 19 to deliberate on the i
Published 18 Apr, 2010 12:00am

Taseer calls on Entrepreneurs Organisation delegation

The Governor of Punjab Salmaan Taseer met with a 24-member delegation of the Entrepreneurs Organisation (EO) at the Governor House, Lahore here on Saturday. The delegation was headed by Khurram Gulzar Vice President of the Pakistan Chapter of the EO.
Published 18 Apr, 2010 12:00am

Badr endorses UN report on Benazir Bhutto's murder

Pakistan People's Party (PPP) General Secretary and Senator Jahangir Badr endorsed UN inquiry commission report and asked former president General Pervez Musharraf (Retd) to come back and face the allegations. Badr was talking to media after appearing bef
Published 18 Apr, 2010 12:00am

18th amendment passage termed landmark achievement

Provincial Minister for Finance, Planning & Development, Tanvir Ashraf Kaira has said that the government has fulfilled its promise with the passage of 18th amendment. All the leaders of the political parties showed political wisdom and maturity in this c
Published 18 Apr, 2010 12:00am

'Land record management to open new avenues of progress'

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the project of Land Record Management and Information System is of vital importance, and the completion of this project will open up new avenues of socio-economic progress in the province.
Published 18 Apr, 2010 12:00am

Shumaila Rana acquitted in credit card theft case

A local magistrate on Saturday acquitted former PML-N MPA, Shumaila Rana, in the much-publicised credit card theft case, as prosecution failed to prove the allegations against her. The magistrate ruled that there was clear contradiction in the statements
Published 18 Apr, 2010 12:00am

'VAT aims at broadening tax base'

Asrar Rauf, FBR Member, Direct Taxes, has said that broadening of the tax base "is the only key" to attain sustainable growth in tax-to-GDP ratio. This he stated at a seminar on 'Value-Added Tax' (VAT), organised by the Institute of Cost and Management Ac
Published 18 Apr, 2010 12:00am

Wateen eyeing agriculture, energy sectors

Abu Dhabi Group is considering some options in agriculture and power sector while on the hospitality front things have slowed down following the negative image developed by suicide bombing in the recent past. This was stated by Wateen Telecom (WTL) Direct
Published 18 Apr, 2010 12:00am

'Almost four billion people are unbanked in the world'

Pakistan Telecommunication Communication (PTA) Chairman Dr Mohammad Yaseen on Saturday said on a global scenario, almost 4 billion people are unbanked and more than two-thirds of the unbanked population is in the low and middle-income countries. He was ad
Published 18 Apr, 2010 12:00am

Volcanic ash: PIA taskforce to recover flight cancellation losses

PIA has formed a taskforce supervised by MD PIA Captain Aijaz Haroon which includes DMD Salim Sayani and senior most operational officers to meet the challenge arising out of 32 PIA flight cancellations since last Thursday, owing to persistent volcanic as
Published 18 Apr, 2010 12:00am

Sindh government departments hand over investment studies to SBOI

The Sindh government departments have handed over all studies on investment viability in various sectors of the economy, already carried out, to the Sindh Board of Investment (SBOI) to share with it the potential investors and donor agencies, it is learnt
Published 18 Apr, 2010 12:00am

LHC Justice Lahore constitutes 10 DBs, 22 SBs

Chief Justice Lahore High Court (LHC) Khwaja Muhammad Sharif here on Saturday constituted ten division benches (DBs) and twenty-two single benches (SBs) for the disposal of the cases pending at principal seat of the august court for the week commencing fr
Published 18 Apr, 2010 12:00am

IAPEX exhibition: 'Pakistan has all resources to compete in global market'

Pakistan has competitive enough human resource and state-of-the-art infrastructure available in the industries to compete in the global market.
Published 18 Apr, 2010 12:00am

US air base in Kyrgyzstan resumes all flights

The US air base near Kyrgyzstan's capital was fully back in action Thursday providing critical support to the Nato campaign in Afghanistan, with planes taking off and landing throughout the day. The flights were halted April 7 after a day of violent prote
Published 18 Apr, 2010 12:00am

FJMC Audiovisual department upgraded

The upgradation of Audiovisual Department of Fatima Jinnah Medical College (FJMC) has been completed at a cost of Rs 2 million. This department has a great contribution in imparting training and providing education to the teachers as well as medical stude
Published 18 Apr, 2010 12:00am

TCP rebuttal

The TCP has issued the following press release: The news item published on Saturday, April 17, 2010 by a section of print media, appearing as "13.6 billion blue eyed boy of TCP' is misplaced and misleading. TCP being government agency is strictly followin
Published 18 Apr, 2010 12:00am

Without taking political pressure: National Assembly body calls for recovering power dues

The National Assembly's Standing Committee on Water and Power has directed the concerned authorities to utilise all means in recovering the outstanding dues and without taking political pressure into consideration. MD Pepco Tahir Basharat Cheema told the
Published 18 Apr, 2010 12:00am

EDB for raise in vehicles depreciation allowance rate

The Engineering Development Board (EDB) has proposed to the Federal Board of Revenue (FBR) to increase depreciation allowance rate, to 25 percent per annum, for corporate sector on vehicles under the Income Tax Ordinance 2001. According to the budget prop
Published 18 Apr, 2010 12:00am

Lahore still in grip of hot weather

The provincial capital is still in the grip of hot weather on Saturday, as for the on-going summer season the mercury touched a new level for the month of April. According to the Pakistan Meteorological Department Lahore, the maximum temperature recorded
Published 18 Apr, 2010 12:00am

Power system rehabilitated in Buner

The government has rehabilitated the electric supply system in affected areas of Buner by installing nine electric transformers in Koga Korea and Ambela villages to provide electricity facilities in summer season. The schemes were identified by the commun
Published 18 Apr, 2010 12:00am

70 percent decline in Pakistan exports to Azerbaijan

The country's exports to Azerbaijan have declined by over 70 percent in January 2010 as compared to the corresponding month last year. A monthly report of Pakistan's commercial secretary in Azerbaijan sent to the competent authority here last month shows
Published 18 Apr, 2010 12:00am

Proposals from audit point of view

The Chief Commissioner, Inland Revenue, Audit Wing, RTO, Rawalpindi, has submitted budget proposals (direct taxes) for 2010-11 to the Federal Board of Revenue (FBR) for comprehensive amendments in the Income Tax Ordinance 2001. He said that there is misco
Published 18 Apr, 2010 12:00am

Branchless banking to help promote financial inclusion: SBP governor

State Bank of Pakistan Governor Syed Salim Raza on Saturday observed that the increasing use of branchless banking would help lift the trajectory of financial inclusion in the country. Delivering his key note address on the 'Need for Alternative Delivery
Published 18 Apr, 2010 12:00am

Tirah killings

Reports started pouring, a few days back, regarding a large number of civilians killed during a military operation in Khyber Agency's Tirah valley. The number of casualties, which was in the beginning reported to be sixty, was later raised to 73. Accordin
Published 18 Apr, 2010 12:00am

Limited agenda of nuclear security summit

As expected, President Obama's lingering trepidation that nuclear materials remain vulnerable and can fall into the hands of non-state terrorists has received the unanimous endorsement of some 47 heads of state and government who attended his Nuclear Secu
Published 18 Apr, 2010 12:00am

Concurrent Legislative List

Pakistan is at a critical juncture of its history when it direly needs stern action from its political leadership and elected representatives that further unites, rather than divides, the nation.
Published 18 Apr, 2010 12:00am

A tale of two emirates coping with economic uncertainty

A few dozen construction cranes still dot the skyline of Dubai, and in the air cargo industry the emirate is still racking up double-digit growth rates. But the real economic music in the region is being played in the neighbouring emirate of Abu Dhabi.
Published 18 Apr, 2010 12:00am

Dream vacation spot in Lebanon at enemy's gate

On a lush green hillside that dips into a river, dozens of labourers are busy building a dream vacation getaway deep in Lebanon's south. The construction site in the tiny village of Al-Wazzani may look like any other except that in this case it sits right
Published 18 Apr, 2010 12:00am

Need to bring CIB under regulatory control

Apropos to the letter published in Business Recorder of April 6, 2010 that the government has decided to bring private sector, Credit Information Bureau (CIB) under Regulatory Control as some of these bureau's are leaking sensitive information pert
Published 18 Apr, 2010 12:00am

Shifting of telephone

I have applied for shifting of my telephone No 2583786 within the same vicinity of the PTCL exchange on 26.6.2009. Since then, I am running from pillar to post to get my phone shifted to my new location, F-4/U, Site Area, behind Atlas Honda Factory, Mangh
Published 18 Apr, 2010 12:00am

Efforts to make Sindh a peaceful province

How does it feel to be back in Karachi after being away for about eight years? Did I expect to feel differently, some strangeness? Not in the least. After all, things have withstood a larger passage of time (like 60 years) and have steadfastly not changed
Published 18 Apr, 2010 12:00am

AFP photographers win Asian Human Rights Awards

Photographers from Agence France-Presse were Saturday awarded the top news and feature prizes at the prestigious Asian Human Rights Awards for outstanding coverage of riots in China's Xinjiang region and acid attack victims in Pakistan. Beijing-based Pete
Published 18 Apr, 2010 12:00am

Major public sector organisations plan growth of cricket

Major public sector organisations planned growth of cricket in the country on the pattern of PIA Cricket Colt (under-19) Programme. National Bank of Pakistan (NBP) and the State Life Insurance Corporation (SLIC) have also decided to encourage the talented
Published 18 Apr, 2010 12:00am

Yorkshire sign Tino Best

West Indian fast bowler Tino Best has signed for Yorkshire until the end of May but his debut could be delayed due to the volcanic eruption in Iceland, the English county cricket club said on Saturday. Best, who has taken 28 test and 13 one day internatio
Published 18 Apr, 2010 12:00am

Chinese fans stand by Schumacher

Michael Schumacher kept a firm grip on pole position as China's favourite Formula One driver even as he struggled to ninth in qualifying on Saturday. Outstretched hands of fans have vied for autographs wherever he has gone, grandstands have been dotted wi
Published 18 Apr, 2010 12:00am

Inter win changes nothing, says Ranieri

AS Roma coach Claudio Ranieri insisted on Saturday that Serie A title rivals Inter Milan's win over Juventus on Friday changes nothing for the giallorossi. Inter went top by two points from Roma with a 2-0 success over 10-man Juve at the San Siro thanks t
Published 18 Apr, 2010 12:00am

English Premier League: Scholes keeps Man United title ambitions alive

Veteran midfielder Paul Scholes kept champions Manchester United's Premier League title ambitions alive with a stoppage-time goal in a 1-0 derby win away to Manchester City on Saturday. There were barely 20 seconds left in the three minutes of added-on ti
Published 18 Apr, 2010 12:00am

SPM defeat Universal Cricket Club

Sayid Paper Mills Stag overwhelmed Universal Cricket Club by 62 runs in the All Pakistan Green Cricket Cup, being played here at Model Town Cricket Club. Stags made 294-3 with Junaid Ali making unbeaten 102, supported by Bilal Uzmat 103, Imran Butt 51 and
Published 18 Apr, 2010 12:00am

Yousuf refuses to appeal against ban

Former Pakistan cricket captain Mohammed Yousuf has not appealed against a ban imposed on him by cricket authorities, leaving the punishment to attain finality, official said Saturday. "The last date to appeal against the penalties was April 16 and since
Published 18 Apr, 2010 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Jan 30

279.17

USD PKR Interbank Buying / Jan 30

278.97

USD to Japanese Yen / Jan 30

154.32

USD to Swiss Franc / Jan 30

0.91

Pound Sterling to USD / Jan 30

1.24

Euro to USD / Jan 30

1.04

Stock Volume

S&P 500 / Jan 30

6,071.17

India Sensex / Jan 30

76,759.81

Tokyo Nikkei / Jan 30

39,513.97

Nasdaq / Jan 30

19,681.75

Hang Seng / Jan 30

20,225.11

FTSE 100 / Jan 30

8,646.88

Dow Jones / Jan 30

44,882.13

Germany DAX 30 / Jan 30

21,727.20

Item Value

Crude Oil USD/Barrel / Jan 30

72.99

Karachi Cotton PKR/37.32 KG / Jan 30

18,285

Gold 10 Grams PKR / Jan 30

248,885

Gold Spot USD/Ounce / Jan 30

2,849.50

Cotton US¢/pound / Jan 30

66.27

Petrol/Litre / Jan 31

256.13

Gainers
Losers
Leaders

Stock Price

Kohinoor Ind. / Jan 31

Kohinoor Industries Limited(KOIL)

10.21

▲ 1 (10.86%)

Tariq Corporation / Jan 31

Tariq Corporation Limited(TCORP)

16.91

▲ 1.54 (10.02%)

Sanghar Sugar / Jan 31

Sanghar Sugar Mills Limited(SANSM)

37.14

▲ 3.38 (10.01%)

Leather Up Ltd. / Jan 31

Leather Up Limited(LEUL)

53.74

▲ 4.89 (10.01%)

Redco Textile / Jan 31

Redco Textiles Limited(REDCO)

24.17

▲ 2.2 (10.01%)

Saritow Spinning / Jan 31

Saritow Spinning Mills Limited(SSML)

17.92

▲ 1.63 (10.01%)

National Bank / Jan 31

National Bank of Pakistan(NBP)

70.84

▲ 6.44 (10%)

Mirpurkhas Sugar / Jan 31

Mirpurkhas Sugar Mills Limited(MIRKS)

31.90

▲ 2.9 (10%)

Fateh Sports / Jan 31

Fateh Sports Wear Limited(FSWL)

95.07

▲ 8.64 (10%)

Stock Price

Blue-Ex Ltd / Jan 31

Blue-Ex Limited (GEM)(GEMBLUEX)

54.86

▼ -6.1 (-10.01%)

National Silk / Jan 31

The National Silk & Rayon Mills Limited(NSRM)

40.83

▼ -4.52 (-9.97%)

Olympia Mills / Jan 31

Olympia Mills Limited(OML)

33

▼ -3.56 (-9.74%)

Popular Islamic / Jan 31

Popular Islamic Modaraba(PIM)

11.35

▼ -1.19 (-9.49%)

Sardar Chemical / Jan 31

Sardar Chemical Industries Limited(SARC)

33.11

▼ -3.13 (-8.64%)

Ashfaq Textile / Jan 31

Ashfaq Textile Mills Limited(ASHT)

15.61

▼ -1.43 (-8.39%)

F.Credit & Inv / Jan 31

First Credit and Investment Bank Limited(FCIBL)

7.28

▼ -0.66 (-8.31%)

Fateh Ind. / Jan 31

Fateh Industries Limited(FIL)

136

▼ -11.19 (-7.6%)

ZIL Limited / Jan 31

ZIL Limited(ZIL)

216.12

▼ -17.36 (-7.44%)

Stock Volume

Sui South Gas / Jan 31

Sui Southern Gas Company Limited(SSGC)

48,364,956

▼ -0.98

Cnergyico PK / Jan 31

Cnergyico PK Limited(CNERGY)

43,216,460

▲ 0.2

Waves Home Appliances / Jan 31

Waves Home Appliances Limited(WAVESAPP)

33,226,540

▼ -0.39

Bank Makramah / Jan 31

Bank Makramah Limited(BML)

31,509,642

▲ 0.09

WorldCall Telecom / Jan 31

Worldcall Telecom Limited(WTL)

20,556,244

▼ -0.01

K-Electric Ltd. / Jan 31

K-Electric Limited(KEL)

16,969,744

▼ -0.01

Citi Pharma Ltd / Jan 31

Citi Pharma Ltd.(CPHL)

15,022,230

▲ 2.85

Hascol Petrol / Jan 31

Hascol Petroleum Limited(HASCOL)

13,297,950

▼ -0.12

National Bank / Jan 31

National Bank of Pakistan(NBP)

12,836,303

▲ 6.44

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