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Print - 2010-05-12
Employees' protest hits KESC badly

Employees' protest hits KESC badly

The sufferings of Karachiites for the electricity shortages have doubled as the daily business of Karachi Electric Supply Company (KESC) remained badly disturbed on second consecutive day by the ongoing protest of the company's employees over sacking of t
Published 12 May, 2010 12:00am
Western Union money transfer services opened at NBP Exchange

Western Union money transfer services opened at NBP Exchange

President of NBP Ali Raza on Tuesday inaugurated Western Union money transfer services at NBP Exchange Company Limited, a wholly owned subsidiary of NBP. Speaking on the occasion, Ali Raza said, "home remittances are vital for developing economies in gene
Published 12 May, 2010 12:00am
Russian aircraft makes emergency landing

Russian aircraft makes emergency landing

A Russian DC-3 aircraft on its flight from Kabul to Muscat had to make an emergency landing at Karachi Airport after the aircraft developed some electrical fault. According to CAA sources, there was only a 3-member crew, which was allowed landing here on
Published 12 May, 2010 12:00am
Prime Minister commends services of secretary Petroleum

Prime Minister commends services of secretary Petroleum

Prime Minister Syed Yousuf Raza Gilani has appreciated Special Secretary Petroleum, G.A. Sabri for efficiently discharging his official duties and wished him good luck. G.A. Sabir, who is proceeding on retirement, visited Prime Minister's House this morni
Published 12 May, 2010 12:00am
'Economic Conference Pakistan' to be held in Munich

'Economic Conference Pakistan' to be held in Munich

In order to showcase the opportunities available in different economic sectors of Pakistan for foreign investment, one day "Economic Conference Pakistan" is scheduled to open in Munich, said a press release issued here on Tuesday.
Published 12 May, 2010 12:00am
Purchases from AJK units: FBR unveils procedure for input tax adjustment

Purchases from AJK units: FBR unveils procedure for input tax adjustment

The Federal Board of Revenue has issued a comprehensive procedure for input tax adjustment to Pakistani registered persons against their purchases from registered units located in the Azad Jammu and Kashmir. The FBR issued a sales tax general order 18 of
Published 12 May, 2010 12:00am
Supreme Court adjourns hearing of Lakhvi's petition

Supreme Court adjourns hearing of Lakhvi's petition

The Supreme Court on Tuesday adjourned hearing of Zakiur Rehman Lakhvi's petition seeking dismissal of the case registered against him regarding Mumbai terror attacks for a fortnight to study the confessional statement of Ajmal Kasab, who was awarded deat
Published 12 May, 2010 12:00am
German envoy calls on Hafeez

German envoy calls on Hafeez

German Ambassador to Pakistan Dr Michael Koch on Tuesday called on Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh. The ambassador told the advisor that German Minister for Development would soon visit Pakistan to enhance economic co-operation
Published 12 May, 2010 12:00am
Pesco officials told to reduce line losses, increase recovery

Pesco officials told to reduce line losses, increase recovery

The Peshawar Electricity Supply Company (Pesco) is facing 36 percent line losses, which shall be reduced on monthly strategic plan and shall increase recovery up to 100 percent against the current recovery of 82 percent. This was stated by Pesco Chief Exe
Published 12 May, 2010 12:00am
Islamabad saving over 40 megawatts per day

Islamabad saving over 40 megawatts per day

Under the federal government's energy conservation plan, Islamabad is presently saving over 40 megawatts of electricity a day, after a successful dialogue of Islamabad Police and Islamabad Capital Territory (ICT) Administration with traders and other memb
Published 12 May, 2010 12:00am
Rehman meets Altaf in London

Rehman meets Altaf in London

Federal Interior Minister, Rehman Malik met MQM Leader, Altaf Hussain here on Tuesday and delivered a message of President Asif Ali Zardari. Rehman Malik assured Altaf Hussain that no change will be made in the status of Hyderabad and current geographical
Published 12 May, 2010 12:00am
ICCI urges Afghanistan to provide free access to Central Asia

ICCI urges Afghanistan to provide free access to Central Asia

The Islamabad Chamber of Commerce and Industry (ICCI) here on Tuesday urged upon the government of Afghanistan to facilitate Pakistani exporters in promoting trade with Central Asian Republics, which is a huge market for Pakistani products.
Published 12 May, 2010 12:00am
Shahzad acted alone; no Taliban signature on his bomb attempt: Haroon

Shahzad acted alone; no Taliban signature on his bomb attempt: Haroon

Pakistan's UN Ambassador Abdullah Hussain Haroon has called Faisal Shahzad, the suspect in the Times Square bomb attempt, a "misguided soul" who had acted alone, and he disagreed with Obama administration officials' claim that the accused was trained by t
Published 12 May, 2010 12:00am
Four students to attend 42nd International Chemistry Olympiad in Tokyo

Four students to attend 42nd International Chemistry Olympiad in Tokyo

As many as four Pakistani students will attend 42nd International Chemistry Olympiad being held in Tokyo in July this year. An announcement here on Tuesday said the visit had been arranged under the Science, Technology, Engineering and Mathematics (STEM)
Published 12 May, 2010 12:00am
Sixth Convocation of Bahria University held

Sixth Convocation of Bahria University held

Chief of Naval Staff, Admiral Nauman Bashir has called on the youth to vigorously pursue knowledge-based education to invoke their hidden potential to put Pakistan on the path to progress and prosperity.
Published 12 May, 2010 12:00am
The Weather

The Weather

The weather report on Tuesday (May 11, 2010) and the forecast for Wednesday (May 12, 2010).

Published 12 May, 2010 12:00am
President seeks report on Hunza lake affectees

President seeks report on Hunza lake affectees

President Asif Ali Zardari on Tuesday sought a report from Governor Gilgit-Baltistan over the relief and rehabilitation measures for the landslide affectees of the Hunza valley and steps for draining the lake. A massive landslide in Hunza District on Janu
Published 12 May, 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 12 May, 2010 12:00am
US says Hillary Clinton's remarks misinterpreted

US says Hillary Clinton's remarks misinterpreted

The United States said Monday that Secretary of State Hillary Clinton's statement on consequences of a Pakistan-linked terrorist attack on American soil has been misrepresented in the media, with a top official emphasising that the remarks in no way indic
Published 12 May, 2010 12:00am
Dysfunctional AJK Chief Justice resigns

Dysfunctional AJK Chief Justice resigns

The dysfunctional Chief Justice of Azad Jammu and Kashmir (AJK) Supreme Court (SC), Justice Riaz Akhtar Chaudary on Tuesday resigned from his office. When contacted by APP, Justice Riaz confirmed his resignation, and said, "Yes I have resigned from my off
Published 12 May, 2010 12:00am
Dysfunctional AJK Chief Justice resigns

Dysfunctional AJK Chief Justice resigns

The dysfunctional Chief Justice of Azad Jammu and Kashmir (AJK) Supreme Court (SC), Justice Riaz Akhtar Chaudary on Tuesday resigned from his office. When contacted by APP, Justice Riaz confirmed his resignation, and said, "Yes I have resigned from my off
Published 12 May, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 12 May, 2010 12:00am
US mulls adding Tehreek-e-Taliban Pakistan to terror list

US mulls adding Tehreek-e-Taliban Pakistan to terror list

The United States said Tuesday it was mulling whether to blacklist Pakistan's Taliban as a foreign terrorist organisation after it was implicated in the failed Times Square bombing. The State Department designation would freeze any US assets of the Tehree
Published 12 May, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 12 May, 2010 12:00am
US mulls adding Tehreek-e-Taliban Pakistan to terror list

US mulls adding Tehreek-e-Taliban Pakistan to terror list

The United States said Tuesday it was mulling whether to blacklist Pakistan's Taliban as a foreign terrorist organisation after it was implicated in the failed Times Square bombing. The State Department designation would freeze any US assets of the Tehree
Published 12 May, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
15 percent rise in July-April remittances

15 percent rise in July-April remittances

Remittances from overseas Pakistanis rose to $7.306 billion during July-April period of the current fiscal year 2009-10, showing an increase of $951.07 million, or 14.96 percent, against $6.355 billion received in the same period of last fiscal year.
Published 12 May, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
15 percent rise in July-April remittances

15 percent rise in July-April remittances

Remittances from overseas Pakistanis rose to $7.306 billion during July-April period of the current fiscal year 2009-10, showing an increase of $951.07 million, or 14.96 percent, against $6.355 billion received in the same period of last fiscal year.
Published 12 May, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
15 percent rise in July-April remittances

15 percent rise in July-April remittances

Remittances from overseas Pakistanis rose to $7.306 billion during July-April period of the current fiscal year 2009-10, showing an increase of $951.07 million, or 14.96 percent, against $6.355 billion received in the same period of last fiscal year.
Published 12 May, 2010 12:00am
US to split offshore oil royalty, safety roles

US to split offshore oil royalty, safety roles

In response to the BP oil spill, US Interior Secretary Ken Salazar said on Tuesday that the federal agency that oversees offshore drilling will be split to separate the collection of oil royalties from safety inspection duties.
Published 12 May, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
US to split offshore oil royalty, safety roles

US to split offshore oil royalty, safety roles

In response to the BP oil spill, US Interior Secretary Ken Salazar said on Tuesday that the federal agency that oversees offshore drilling will be split to separate the collection of oil royalties from safety inspection duties.
Published 12 May, 2010 12:00am
US to split offshore oil royalty, safety roles

US to split offshore oil royalty, safety roles

In response to the BP oil spill, US Interior Secretary Ken Salazar said on Tuesday that the federal agency that oversees offshore drilling will be split to separate the collection of oil royalties from safety inspection duties.
Published 12 May, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
US missiles kill at least 24 militants

US missiles kill at least 24 militants

US drone aircraft killed at least 24 suspected militants in two attacks on Tuesday in North Waziristan, a major al Qaeda and Taliban sanctuary, security officials said. It was the fourth drone missile strike on militants in north-west Pakistan, bordering
Published 12 May, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
US missiles kill at least 24 militants

US missiles kill at least 24 militants

US drone aircraft killed at least 24 suspected militants in two attacks on Tuesday in North Waziristan, a major al Qaeda and Taliban sanctuary, security officials said. It was the fourth drone missile strike on militants in north-west Pakistan, bordering
Published 12 May, 2010 12:00am
Car assemblers, vendors showdown expected at AIDC meeting today

Car assemblers, vendors showdown expected at AIDC meeting today

Car assemblers and some of their vendors are expected to clash at a meeting of Auto Industry Development Committee (AIDC) called by Engineering Development Board (EDB), in Islamabad, today. The vendors industry is hurting primarily due to the shrinkage of
Published 12 May, 2010 12:00am
Car assemblers, vendors showdown expected at AIDC meeting today

Car assemblers, vendors showdown expected at AIDC meeting today

Car assemblers and some of their vendors are expected to clash at a meeting of Auto Industry Development Committee (AIDC) called by Engineering Development Board (EDB), in Islamabad, today. The vendors industry is hurting primarily due to the shrinkage of
Published 12 May, 2010 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were witnessed on the local currency market on Tuesday as the rupee was able to make sharp gains in terms of dollar and euro, money experts said. The feature of the day was steep fall of euro versus the rupee as it slid in the world market
Published 12 May, 2010 12:00am
Car assemblers, vendors showdown expected at AIDC meeting today

Car assemblers, vendors showdown expected at AIDC meeting today

Car assemblers and some of their vendors are expected to clash at a meeting of Auto Industry Development Committee (AIDC) called by Engineering Development Board (EDB), in Islamabad, today. The vendors industry is hurting primarily due to the shrinkage of
Published 12 May, 2010 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were witnessed on the local currency market on Tuesday as the rupee was able to make sharp gains in terms of dollar and euro, money experts said. The feature of the day was steep fall of euro versus the rupee as it slid in the world market
Published 12 May, 2010 12:00am
Pakistani arrested at US embassy in Chile

Pakistani arrested at US embassy in Chile

A Pakistani man will be charged with violating gun control laws in Chile on Tuesday after traces of explosives were detected on his body and belongings during a visit to the US embassy, police said. The suspicious substance was detected when the man ident
Published 12 May, 2010 12:00am
Pakistani arrested at US embassy in Chile

Pakistani arrested at US embassy in Chile

A Pakistani man will be charged with violating gun control laws in Chile on Tuesday after traces of explosives were detected on his body and belongings during a visit to the US embassy, police said. The suspicious substance was detected when the man ident
Published 12 May, 2010 12:00am
Pakistan envoy in Tehran attacked

Pakistan envoy in Tehran attacked

Pakistan's Ambassador to Iran M. B Abbasi sustained minor injury in a knife attack by a person in a residential area in Tehran on Tuesday evening. The police arrested the attacker and was investigating the incident.
Published 12 May, 2010 12:00am
Pakistan envoy in Tehran attacked

Pakistan envoy in Tehran attacked

Pakistan's Ambassador to Iran M. B Abbasi sustained minor injury in a knife attack by a person in a residential area in Tehran on Tuesday evening. The police arrested the attacker and was investigating the incident.
Published 12 May, 2010 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in the index. ISE Ten Index was down by 15.50 points, as the Index moved from 2,496.81 to 2,481.31 poi
Published 12 May, 2010 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in the index. ISE Ten Index was down by 15.50 points, as the Index moved from 2,496.81 to 2,481.31 poi
Published 12 May, 2010 12:00am
LSE index down 26.51 points

LSE index down 26.51 points

Equities suffered losses mainly on account of selling pressure at Lahore Stock Exchange (LSE) on Tuesday amid ascending transaction volume. The LSE-25 index showed a decline of 26.51 points and closed at 3201.99 points against 3228.50 points of Monday. Tr
Published 12 May, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
LSE index down 26.51 points

LSE index down 26.51 points

Equities suffered losses mainly on account of selling pressure at Lahore Stock Exchange (LSE) on Tuesday amid ascending transaction volume. The LSE-25 index showed a decline of 26.51 points and closed at 3201.99 points against 3228.50 points of Monday. Tr
Published 12 May, 2010 12:00am
BRIndex30 sheds 102.41 points

BRIndex30 sheds 102.41 points

On Tuesday, the BRIndex30 opened at 8,394.20 points and remained in positive for more than half of trading session, falling in the last two hours. It touched intra-day high of 8,491.59 and low of 8,264.25 points and closed at 8,291.79 points, with a net n
Published 12 May, 2010 12:00am
BRIndex30 sheds 102.41 points

BRIndex30 sheds 102.41 points

On Tuesday, the BRIndex30 opened at 8,394.20 points and remained in positive for more than half of trading session, falling in the last two hours. It touched intra-day high of 8,491.59 and low of 8,264.25 points and closed at 8,291.79 points, with a net n
Published 12 May, 2010 12:00am
Index loses 79.32 points

Index loses 79.32 points

Karachi stock market on Tuesday posted bearish trend due to heavy selling pressure by local as well as foreign investors. As a result, the KSE-100 index lost 79.32 points to close at 10,208.82 point from 10,288.14 points. However, trading volume at the re
Published 12 May, 2010 12:00am
Index loses 79.32 points

Index loses 79.32 points

Karachi stock market on Tuesday posted bearish trend due to heavy selling pressure by local as well as foreign investors. As a result, the KSE-100 index lost 79.32 points to close at 10,208.82 point from 10,288.14 points. However, trading volume at the re
Published 12 May, 2010 12:00am
Index loses 79.32 points

Index loses 79.32 points

Karachi stock market on Tuesday posted bearish trend due to heavy selling pressure by local as well as foreign investors. As a result, the KSE-100 index lost 79.32 points to close at 10,208.82 point from 10,288.14 points. However, trading volume at the re
Published 12 May, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 May, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 May, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 12 May, 2010 12:00am
Cameron becomes Prime Minister as Brown quits

Cameron becomes Prime Minister as Brown quits

David Cameron became Britain's new prime minister Tuesday, breaking five days of deadlock after last week's inconclusive general election and becoming the first Conservative premier for 13 years. Cameron was invited to form a government by Queen Elizabeth
Published 12 May, 2010 12:00am
Cameron becomes Prime Minister as Brown quits

Cameron becomes Prime Minister as Brown quits

David Cameron became Britain's new prime minister Tuesday, breaking five days of deadlock after last week's inconclusive general election and becoming the first Conservative premier for 13 years. Cameron was invited to form a government by Queen Elizabeth
Published 12 May, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 May, 2010 12:00am
July-April trade deficit amounts to $12.238 billion

July-April trade deficit amounts to $12.238 billion

The country''s trade deficit swelled to $12.238 billion in ten months of the on-going fiscal year as a result of $15.884 billion exports against $28.122 billion imports during this period. According to provisional trade figures released by the Federal Bur
Published 12 May, 2010 12:00am
July-April trade deficit amounts to $12.238 billion

July-April trade deficit amounts to $12.238 billion

The country's trade deficit swelled to $12.238 billion in ten months of the on-going fiscal year as a result of $15.884 billion exports against $28.122 billion imports during this period. According to provisional trade figures released by the Federal Bure
Published 12 May, 2010 12:00am
July-April trade deficit amounts to $12.238 billion

July-April trade deficit amounts to $12.238 billion

The country's trade deficit swelled to $12.238 billion in ten months of the on-going fiscal year as a result of $15.884 billion exports against $28.122 billion imports during this period. According to provisional trade figures released by the Federal Bure
Published 12 May, 2010 12:00am
Pakistani, Indian foreign ministers to meet on July 15

Pakistani, Indian foreign ministers to meet on July 15

Pakistan and Indian Foreign Minister level talks will be held on July 15, as Indian External Affairs Minister S M Krishna accepted the invitation of Shah Mehmood Qureishi to visit Islamabad to take up all contentious issues straining relations between the
Published 12 May, 2010 12:00am
Pakistani, Indian foreign ministers to meet on July 15

Pakistani, Indian foreign ministers to meet on July 15

Pakistan and Indian Foreign Minister level talks will be held on July 15, as Indian External Affairs Minister S M Krishna accepted the invitation of Shah Mehmood Qureishi to visit Islamabad to take up all contentious issues straining relations between the
Published 12 May, 2010 12:00am
25 percent regulatory duty on export of yarn likely

25 percent regulatory duty on export of yarn likely

Cabinet Committee on Textiles (CCT) is likely to slap 25 percent Regulatory Duty (R&D) on export of yarn to overcome its shortage in the local market, sources informed Business Recorder on Tuesday. The cabinet body is scheduled to meet, on Wednesda
Published 12 May, 2010 12:00am
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