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Print - 2010-05-12
Jamshed Dasti's fake degree case: LHC adjourns hearing till May 12

Jamshed Dasti's fake degree case: LHC adjourns hearing till May 12

Justice Tariq Javed of Lahore High Court Multan Bench here on Tuesday issued notice for May 12 to Election Commission of Pakistan in a petition of Tajveed Iqbal Naki seeking PPP's MNA Jamshed Khan Dasti from NA-178, disqualification for possessing alleged
Published 12 May, 2010 12:00am
PML-N leader slams Taseer comments

PML-N leader slams Taseer comments

Pakistan Muslim League-Nawaz (PML-N) leader Senator Pervaiz Rashid here on Tuesday while reacting to the comments of Governor Salmaan Taseer against PML-N Chief Nawaz Sharif said that Salmaan Taseer indulges in such outbursts whenever he meets Asif Ali Za
Published 12 May, 2010 12:00am
Death condoled

Death condoled

Punjab Chief Minister Shahbaz Sharif, went to the residence of Member Provincial Assembly Chaudhry Muhammad Akhlaq in Sialkot on Tuesday to condole the death of his father Chaudhry Barkat Ali. This was revealed in information of the DGPR received here dur
Published 12 May, 2010 12:00am
Contempt of court proceedings sought against PPP Senator, others

Contempt of court proceedings sought against PPP Senator, others

A contempt of court petition has been moved before the Lahore High Court (LHC) against PPP Senator Faisal Raza Abidi, Sultan Lakhani owner of a private news channel and Kamran Shahid, an anchor of the same channel for allegedly maligning LHC Chief Justice
Published 12 May, 2010 12:00am
SHC seeks moneychangers' list from SBP

SHC seeks moneychangers' list from SBP

Sindh High Court (SHC) on Tuesday called for list of money changers dealing in "Hawala" and "Hundi" from State Bank of Pakistan (SBP) and gave time to the central bank to file its comments. The order was issued by a division bench comprising Chief Justice
Published 12 May, 2010 12:00am
Results of CA Foundation and Intermediate Examinations Spring 2010

Results of CA Foundation and Intermediate Examinations Spring 2010

While considering the grant of medals, the Council of the Institute of Chartered Accountants of Pakistan is pleased to award the following Gold Medal to the candidate showing outstanding performance in the Foundation & Intermediate Examinations held in Ma
Published 12 May, 2010 12:00am
NComputing to revolutionise desktop virtualisation in Pakistan

NComputing to revolutionise desktop virtualisation in Pakistan

"NComputing U170 will be the hottest computing solution that will revolutionise the desktop virtualisation market and is perfectly suited for small businesses, schools and home users in Pakistan." This was stated by Khawaja Samiullah, CEO NConnexion, Ncom
Published 12 May, 2010 12:00am
Ufone offers most economical SMS

Ufone offers most economical SMS

Ufone recently announced the most pocket friendly SMS promotion in the telecom industry. For just Rs 2.99+tax per day Ufone users can send unlimited SMS round-the-clock to any network in Pakistan. Much to the customers ease and excitement all those custom
Published 12 May, 2010 12:00am
Accused DIG elevated to CCPO: LHC directs withdrawal of notification

Accused DIG elevated to CCPO: LHC directs withdrawal of notification

The Lahore High Court (LHC) Chief Justice here Tuesday taking suo motu notice against the appointment of DIG Ahmad Raza Tahir as Capital City Police Officer (CCPO) Lahore has directed provincial government to immediately withdraw his notification or the c
Published 12 May, 2010 12:00am
Seminar on rabies awareness campaign held

Seminar on rabies awareness campaign held

Awareness about rabies and its prevention is of great importance as livestock farmers facing the threat and problem of rabies. Additional Secretary Livestock and Dairy Development, Punjab Khalid Awais Ranjha said this while addressing a seminar on 'Rabies
Published 12 May, 2010 12:00am
LHC annuls FJMC's affiliation with UHS

LHC annuls FJMC's affiliation with UHS

A division bench of the Lahore High Court (LHC) here Tuesday set aside a provincial government's notification, which affiliated Fatima Jinnah Medical College (FJMC) to University of Health Sciences (UHS) after revoking college's affiliation to Punjab Univ
Published 12 May, 2010 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 12 May, 2010 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 12 May, 2010 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 12 May, 2010 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 12 May, 2010 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (May 11, 2010).
Published 12 May, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (May 11, 2010).

Published 12 May, 2010 12:00am
Shutter-down for indefinite period

Shutter-down for indefinite period

Manufacturers-cum-exporters of value-added textile sector on Tuesday announced shutter-down strike for an indefinite period until cotton and yarn exports are banned, while hundreds of manufacturing units already remained closed in protest.
Published 12 May, 2010 12:00am
Shutter-down for indefinite period

Shutter-down for indefinite period

Manufacturers-cum-exporters of value-added textile sector on Tuesday announced shutter-down strike for an indefinite period until cotton and yarn exports are banned, while hundreds of manufacturing units already remained closed in protest.
Published 12 May, 2010 12:00am
Shutter-down for indefinite period

Shutter-down for indefinite period

Manufacturers-cum-exporters of value-added textile sector on Tuesday announced shutter-down strike for an indefinite period until cotton and yarn exports are banned, while hundreds of manufacturing units already remained closed in protest.
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
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
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
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
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
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
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on 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
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the 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
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

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
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
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
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
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
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
LME official prices

LME official prices

The following were Monday official prices.

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
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
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
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
'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
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