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Print - 2010-04-21
Pemra asks customers not to overpay cable operators

Pemra asks customers not to overpay cable operators

A spokesman of Pakistan Electronic Media Regulatory Authority (Pemra) Tuesday advised the people not to pay more than Rs 1,000 as installation fee to the cable operators Pemra has fixed Rs 1,000 as installation fee with instructions to provide 30-metre ca
Published 21 Apr, 2010 12:00am
Commuters irked by drivers' overcharging

Commuters irked by drivers' overcharging

Taxi drivers are charging increased fares from commuters in the twin cities of Islamabad and Rawalpindi due to the construction work being carried out on a number of roads, prolonging travelling on the routes. The commuters are compelled to pay Rs 20 to R
Published 21 Apr, 2010 12:00am
Power suspension announcement

Power suspension announcement

Electricity Supply will remain suspended in connection with routine maintenance; replacement and expansion work of distribution network. According to a press release issued by Public Relations Department said that Gulistan Colony, SS Road, Manzoor Park an
Published 21 Apr, 2010 12:00am
Fesco seizes power pilfering device

Fesco seizes power pilfering device

Fesco has detected a remote control device used to steal electricity by local power looms industry. A special checking team of Fesco conducted a raid at a power looms factory at Samanabad and traced a remote control device fitted in its meter. The meter w
Published 21 Apr, 2010 12:00am
KESC sacks 294 employees

KESC sacks 294 employees

While Karachi Electric Supply Company (KESC) has failed to reduce the prolonged load shedding in the city; it has also sacked almost 294 employees of different cadres. The employees ranking officers to general manager were dismissed by the management of K
Published 21 Apr, 2010 12:00am
Provisions of 18th Amendment challenged

Provisions of 18th Amendment challenged

Different provisions of 18th amendment in constitution of Pakistan has been challenged before the Supreme Court of Pakistan. The petitioner Chairman Wattan party Barrister Zafarullah Khan contended that he filed a constitutional petition against the viola
Published 21 Apr, 2010 12:00am
APL posts Rs 2.323 billion profit after tax in nine months

APL posts Rs 2.323 billion profit after tax in nine months

Attock Petroleum Limited (APL) has posted Rs 2.323 billion as profit after tax in nine months period ended March 31, 2010 as compared to Rs 2.217 billion earned in the corresponding period last year. The board of directors of APL, in its meeting held on T
Published 21 Apr, 2010 12:00am
APL posts Rs 2.323 billion profit after tax in nine months

APL posts Rs 2.323 billion profit after tax in nine months

Attock Petroleum Limited (APL) has posted Rs 2.323 billion as profit after tax in nine months period ended March 31, 2010 as compared to Rs 2.217 billion earned in the corresponding period last year. The board of directors of APL, in its meeting held on T
Published 21 Apr, 2010 12:00am
Only 18,109 non-filers file returns in response to 70,607 notices

Only 18,109 non-filers file returns in response to 70,607 notices

The level of non-compliance is evident from the fact that only 18,109 non-filers and stop-filers of income tax returns filed income tax returns for tax year 2009 in response to 70,607 notices issued by the department, reflecting irresponsible attitude of
Published 21 Apr, 2010 12:00am
Chief minister Punjab to inaugurate Lahore Ring Road section today

Chief minister Punjab to inaugurate Lahore Ring Road section today

Chief Minister Punjab, Shahbaz Sharif will inaugurate package-8 and package-9 of the Lahore Ring Road project on Wednesday (today). The eco-friendly project is an impressive gateway to Lahore and will provide a signal-free corridor that will streamline th
Published 21 Apr, 2010 12:00am
Police official shot dead

Police official shot dead

Unknown armed men on Tuesday gunned down a police official of intelligence branch in Killi Ibrahimzai locality of Sariab, the police said. The victim identified as Abdul Ghaffar was targeted when he was passing through the area where several incidents of
Published 21 Apr, 2010 12:00am
Arbab Alamgir for tree plantation to have better environment

Arbab Alamgir for tree plantation to have better environment

Federal Minister for Communications Arbab Alamgir Khan has underlined the need of plantation for a better environment and urged the concerned authorities to making motorways greener. He said this at the inauguration ceremony of Pakistan Tobacco Company Li
Published 21 Apr, 2010 12:00am
The Weather

The Weather

The weather report on Tuesday (April 20, 2010) and the forecast for Wednesday (April 21, 2010).

Published 21 Apr, 2010 12:00am
SNGPL earns Rs 510 million profit before tax

SNGPL earns Rs 510 million profit before tax

Sui Northern Gas Pipeline Limited (SNGPL) earned Rs 510 million profit before tax and Rs 445 million profit after tax during the quarter for the period ended March 31,2010. The earning per share during the period under review was Rs 0.81. The Board of Dir
Published 21 Apr, 2010 12:00am
Key stock and currency market movements

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 21 Apr, 2010 12:00am
SNGPL earns Rs 510 million profit before tax

SNGPL earns Rs 510 million profit before tax

Sui Northern Gas Pipeline Limited (SNGPL) earned Rs 510 million profit before tax and Rs 445 million profit after tax during the quarter for the period ended March 31,2010. The earning per share during the period under review was Rs 0.81. The Board of Dir
Published 21 Apr, 2010 12:00am
Cotton growers directed to keep area of spring crops free of white-fly

Cotton growers directed to keep area of spring crops free of white-fly

Pest warning and quality control wing of the Punjab Agriculture Department (PAD) in a report has directed the cotton growers to keep the area of spring crops free of white-fly and do not sow such crops and vegetables around the cotton fields, which are at
Published 21 Apr, 2010 12:00am
BoK posts Rs 363 million operational profit

BoK posts Rs 363 million operational profit

The Bank of Khyber (BoK) earned operational profit of Rs 363 million in the Ist Quarter (January-March 2010) of this year, which shows 53 percent growth over corresponding period of 2009, which was Rs 238 million. This was disclosed by Bilal Mustafa, Mana
Published 21 Apr, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 21 Apr, 2010 12:00am
BoK posts Rs 363 million operational profit

BoK posts Rs 363 million operational profit

The Bank of Khyber (BoK) earned operational profit of Rs 363 million in the Ist Quarter (January-March 2010) of this year, which shows 53 percent growth over corresponding period of 2009, which was Rs 238 million. This was disclosed by Bilal Mustafa, Mana
Published 21 Apr, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 21 Apr, 2010 12:00am
AIT Engineering Fair opens

AIT Engineering Fair opens

The Opening Ceremony of 4th Engineering and IT Projects Fair 2010 was held in Aligarh Institute of Technology (AIT) on Tuesday. The event commenced with display of about 250 projects prepared by the students of DAE Electronics, DAE Electrical, DAE Compute
Published 21 Apr, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
Airstrip to be set up at Thar coalmines Sindh government, CAA sign MoU

Airstrip to be set up at Thar coalmines Sindh government, CAA sign MoU

The Sindh government and the Civil Aviation Authority (CAA) have signed a Memorandum of Understanding (MoU) to establish an airstrip at Islamkot for developing the vast reserves of Thar coalfields and facilitate foreign investors, Business Recorder </i
Published 21 Apr, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
GCU SDSC to mark 'Earth Day' on April 22

GCU SDSC to mark 'Earth Day' on April 22

The Government College University Lahore Sustainable Development Study Centre (GCU SDSC) keeping the Lahore's environmental degradation scenario in perspective is going to mark the Earth Day tomorrow (Thursday) with a seminar on 'Resuscitating Ravi: Explo
Published 21 Apr, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
CEMS to organise exhibitions in May

CEMS to organise exhibitions in May

CEMS Pakistan (Pvt) Ltd is organising "The 6th International Plastic, Printing & Packaging Pakistan 2010" and "Food + Technology Pakistan 2010" the two famous 3P and FT exhibitions in the respected fields. CEMS is keeping vigilant eye on the Pakistan econ
Published 21 Apr, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (April 20, 2010) and for Wednesday (April 21, 2010)
Published 21 Apr, 2010 12:00am
PIA manages to operate flight to New York from Paris

PIA manages to operate flight to New York from Paris

Amidst Airspace restrictions and closure of Airports in UK and Europe, PIA managed to operate flight PK 723 for JFK (New York) from Charles de Gaulle (Paris) and will reach New York by 10:00 PM PST (12 noon - NY Time) on Tuesday, PIA spokesperson said. He
Published 21 Apr, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
Viper Technology launches first core i3 desktop machine

Viper Technology launches first core i3 desktop machine

Viper Technology, Pakistan leading IT infrastructure solution provider and leading local computer manufacturer, launched country's first core i3 desktop machine assembled locally. The event was attended by high level executives from various sectors includ
Published 21 Apr, 2010 12:00am
Sindh governor meets Turkish President

Sindh governor meets Turkish President

Governor Sindh Dr Ishrat-ul-Ibad Khan, who is now on a visit to Turkey, had separate call on President of Turkey, Abdullah Gul, Vice-President of Turkish Grand National Assembly, Nevzat Pakdil and Minister for Industries and Commerce, Nihat Ergun. In addi
Published 21 Apr, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
'National Internship Programme' launched in Gilgit-Baltistan

'National Internship Programme' launched in Gilgit-Baltistan

National Internship Programme (NIP) has been launched in Gilgit-Baltistan (GB) and for the purpose, names of 140 young graduates have been forwarded. This was said by Chief Minister Gilgit-Baltistan Legislative Assembly, Syed Mehdi Shah, here on Tuesday.
Published 21 Apr, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
Punjab government takes steps to cope with energy crisis

Punjab government takes steps to cope with energy crisis

With the view of deepening energy crisis, the Punjab government has decided to take a number of steps for energy conservation in the province as well as government offices. This was decided in a high level meeting of provincial administration chaired by t
Published 21 Apr, 2010 12:00am
Punjab University vice chancellor pays tributes to Punjab chief minister

Punjab University vice chancellor pays tributes to Punjab chief minister

Punjab University vice-chancellor Professor Dr Mujahid Kamran has stated that no leniency would be shown to the elements who indulge in character assassination of faculty members and want to make the subcontinent's premier seat of higher learning as a den
Published 21 Apr, 2010 12:00am
'Sindh University to remain off two days a week from September'

'Sindh University to remain off two days a week from September'

The Vice Chancellor Executive Council, University of Sindh, has decided that the university will remain opened for five days in a week from 9.00 am to 5.00 pm, while the it will remain off for two days, ie Saturday and Sunday w.e.f September 2010. The dec
Published 21 Apr, 2010 12:00am
THE RUPEE: all-round slide

THE RUPEE: all-round slide

Declining trend was seen on local currency market on Tuesday as importers increased purchasing US currency to meet the immediate needs, experts said. On the interbank market the rupee shed 11 paisa against dollar for buying at 84.14 and dropped by 12 pais
Published 21 Apr, 2010 12:00am
Studies of Holy Quran: DPS awards certificates to 160 students

Studies of Holy Quran: DPS awards certificates to 160 students

Dawood Public School on Monday conferred 160 students of class VIII with certificates of the completion of Holy Quran in an Aameen ceremony. Aameen ceremony is a long standing tradition of the school, in which every student by the time reaches class VIII
Published 21 Apr, 2010 12:00am
THE RUPEE: all-round slide

THE RUPEE: all-round slide

Declining trend was seen on local currency market on Tuesday as importers increased purchasing US currency to meet the immediate needs, experts said. On the interbank market the rupee shed 11 paisa against dollar for buying at 84.14 and dropped by 12 pais
Published 21 Apr, 2010 12:00am
Students Inn's clarification

Students Inn's clarification

The management of Students Inn (SI) has clarified that claims of the self-styled Students Inn Action Committee (SIAC) are false and baseless allegations. Hazqueel Qadwani bearing NIC No 42301-1054668-5 was appointed as accountant and later promoted to the
Published 21 Apr, 2010 12:00am
Experts concerned about Banking Companies Amendment Bill 2009

Experts concerned about Banking Companies Amendment Bill 2009

The experts, while expressing their concern over the Banking Companies Amendment Bill 2009, said that it is a multitude of draconian amendments in the Banking Companies Ordinance, 1962 (BCO) and would amount to a virtual nationalisation of the Pakistan ba
Published 21 Apr, 2010 12:00am
72nd death anniversary of Allama Iqbal today

72nd death anniversary of Allama Iqbal today

The 72nd death anniversary of poet-philosopher Dr Allama Muhammad Iqbal is being observed on Wednesday (today) with due reverence and solemnity. Dr Allama Muhammad Iqbal gave the vision of an independent state for the Muslims of British India that led to
Published 21 Apr, 2010 12:00am
Call to solve problems of masses

Call to solve problems of masses

Punjab Assembly Speaker Rana Muhammad Iqbal addressing a ceremony of UNDP here on Tuesday averred that after passing of 18th Amendment, stress should be made on solving masses problems. He said that in order to improve image of the country, all school of
Published 21 Apr, 2010 12:00am
Cooperation among LEAs stressed to cut crime rate

Cooperation among LEAs stressed to cut crime rate

The interrelation and co-operation among all law enforcement agencies (LEAs) are imperative for playing an effective role in maintaining law and order in the country besides brining the crime rate to the lowest ebb, County Director, Search for Common Grou
Published 21 Apr, 2010 12:00am
Agility threatens to shut PaCCS operations from May 15

Agility threatens to shut PaCCS operations from May 15

Agility Logistics, a software developer of Pakistan Customs Computerised System (PaCCS) has warned the Federal Board of Revenue (FBR) that it will shut PaCCS operations from May 15, 2010. Sources told Business Recorder on Tuesday the move is aimed
Published 21 Apr, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
'Government to encourage prospective investors in housing sector'

'Government to encourage prospective investors in housing sector'

Federal Minister for Housing & Works, Rehmatullah Kakar has said that vast investment opportunities exist in the housing sector and government would facilitate the prospective investors in this regard. He observed these views while presiding over a meetin
Published 21 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 20, 2010)

Published 21 Apr, 2010 12:00am
HBL secures cash management business from Parazelsus

HBL secures cash management business from Parazelsus

Habib Bank Limited. (HBL) has secured the cash management business from Parazelsus Pakistan (Private) Limited to manage the collections of their sales proceeds throughout Pakistan. The cash management agreement signing ceremony took place at HBL Cash Mana
Published 21 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 20, 2010)

Published 21 Apr, 2010 12:00am
Water works construction project in Textile City commences

Water works construction project in Textile City commences

The groundbreaking ceremony of Construction of Water Works (Package-III) was held on April 08, 2010 at Textile City site, Port Qasim. The Water Works project covers a 20 million-gallon (MG) water reservoir, 1.5 MG potable water underground tank, an overhe
Published 21 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 20, 2010)

Published 21 Apr, 2010 12:00am
Aitzaz sees judiciary, parliament on the warpath

Aitzaz sees judiciary, parliament on the warpath

The 18th Constitutional Amendment Bill has created rift among lawyers as Barrister Aitzaz Ahsan, former president of Supreme Court Bar Association (SCBA), sees a clash between judiciary and parliament if the court strikes down the legislation, while other
Published 21 Apr, 2010 12:00am
Daily water inflow in rivers increases by 33,000 cusecs

Daily water inflow in rivers increases by 33,000 cusecs

The daily water inflow in four rivers have increased by 33,000 cusecs on Tuesday at the rim stations paving way for more hydel power generation and sowing of Kharif crops including strategic rice, cotton and sugarcane on more acreage across the country du
Published 21 Apr, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Apr, 2010 12:00am
Severe power outages haunt Karachi

Severe power outages haunt Karachi

Karachiites who are already facing the scheduled loadshedding of five to six hours have also started braving additional, hours' long outages due to rising technical faults in the KESC system. Following a cable fault on Monday, the residents of Martin Quar
Published 21 Apr, 2010 12:00am
Board meetings in progress

Board meetings in progress

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

Published 21 Apr, 2010 12:00am
Banks to provide Rs 144 billion for wheat procurement

Banks to provide Rs 144 billion for wheat procurement

Banks have agreed to provide Rs 144 billion financing for wheat procurement to Passco and provincial food departments during the current season. Sources in banking sector told Business Recorder on Tuesday that earlier banks were reluctant to provid
Published 21 Apr, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Apr, 2010 12:00am
Pina speakers for addressing issues of Hazara community

Pina speakers for addressing issues of Hazara community

The participants of Pina seminar on "Imperatives of 18th Amendment" held in Lahore, urged upon the political leadership to address the issues of Hazara community people and wage a campaign against corruption. The seminar was presided over by Shahid Hamid,
Published 21 Apr, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 21 Apr, 2010 12:00am
IMC's profit after tax rises to Rs 2,175.880 million

IMC's profit after tax rises to Rs 2,175.880 million

The profit after tax of Indus Motor Company (IMC) has increased to Rs 2,175.880 million in the nine months period ended March 31, 2010 as compared to Rs 565.983 million earned in the corresponding period last year. The board of directors of IMC in its mee
Published 21 Apr, 2010 12:00am
IMC's profit after tax rises to Rs 2,175.880 million

IMC's profit after tax rises to Rs 2,175.880 million

The profit after tax of Indus Motor Company (IMC) has increased to Rs 2,175.880 million in the nine months period ended March 31, 2010 as compared to Rs 565.983 million earned in the corresponding period last year. The board of directors of IMC in its mee
Published 21 Apr, 2010 12:00am
'BOI, SBOI preparing investment projects'

'BOI, SBOI preparing investment projects'

Board of Investment (BOI) in collaboration with Sindh Board of Investment (SBOI) is preparing comprehensive investment projects. Director General, BOI, Nasreen Ali informed the business community during a meeting of Korangi Association of Trade and Indust
Published 21 Apr, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Apr, 2010 12:00am
Three arrested for killing religious leader

Three arrested for killing religious leader

The law enforcement agencies on Tuesday arrested three persons for targeted killing of the Ahle Sunnat Wal Jamaat leader Maulana Abdul Ghafoor Nadeem in Nazimabad area, sources claimed. According to details, a special team of law enforcers, operation zone
Published 21 Apr, 2010 12:00am
SHC restores inland freight subsidy scheme for cement makers

SHC restores inland freight subsidy scheme for cement makers

The Sindh High Court (SHC) recalling its earlier order on Tuesday restored the government's inland freight subsidy scheme for cement manufacturers. The court also ordered inclusion of names of Lucky Cement and Attock Cement as beneficiaries of the said sc
Published 21 Apr, 2010 12:00am
National Assembly Secretary granted one-year extension

National Assembly Secretary granted one-year extension

The government has granted one-year extension in the re-employment contract of Secretary National Assembly (NA) Karamat Hussain Niazi, said a press release issued here on Tuesday. "The Competent Authority has extended the re-employment contract of Karamat
Published 21 Apr, 2010 12:00am
Prime Minister approves Benazir monuments projects

Prime Minister approves Benazir monuments projects

Prime Minister Syed Yousuf Raza Gilani on Tuesday gave approval to Benazir monuments in Rawalpindi and Islamabad and directed the concerned ministries to initiate the work on layouts at the earliest. Chairing a meeting of Benazir Monument Committee at the
Published 21 Apr, 2010 12:00am
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