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Print - 2010-05-13
Competition agencies' role: financial, operational autonomy vital

Competition agencies' role: financial, operational autonomy vital

Top international competition agencies, including USA, Canada and Turkey, have emphasised upon the financial and operational autonomy of competition agencies, mainly in the developing countries, for carrying out independent investigation against cartels a
Published 13 May, 2010 12:00am
Competition agencies' role: financial, operational autonomy vital

Competition agencies' role: financial, operational autonomy vital

Top international competition agencies, including USA, Canada and Turkey, have emphasised upon the financial and operational autonomy of competition agencies, mainly in the developing countries, for carrying out independent investigation against cartels a
Published 13 May, 2010 12:00am
Competition agencies'' role: financial, operational autonomy vital

Competition agencies'' role: financial, operational autonomy vital

Top international competition agencies, including USA, Canada and Turkey, have emphasised upon the financial and operational autonomy of competition agencies, mainly in the developing countries, for carrying out independent investigation against cartels a
Published 13 May, 2010 12:00am
15 percent regulatory duty slapped on yarn export

15 percent regulatory duty slapped on yarn export

The Cabinet Committee on Textiles on Wednesday slapped 15 percent Regulatory Duty (RD) on export of all types of yarn to meet the yarn shortage in the local market. This will be initially effective for a period of 60 days with immediate effect while the q
Published 13 May, 2010 12:00am
15 percent regulatory duty slapped on yarn export

15 percent regulatory duty slapped on yarn export

The Cabinet Committee on Textiles on Wednesday slapped 15 percent Regulatory Duty (RD) on export of all types of yarn to meet the yarn shortage in the local market. This will be initially effective for a period of 60 days with immediate effect while the q
Published 13 May, 2010 12:00am
15 percent regulatory duty slapped on yarn export

15 percent regulatory duty slapped on yarn export

The Cabinet Committee on Textiles on Wednesday slapped 15 percent Regulatory Duty (RD) on export of all types of yarn to meet the yarn shortage in the local market. This will be initially effective for a period of 60 days with immediate effect while the q
Published 13 May, 2010 12:00am
Value-added textile units' strike continues

Value-added textile units' strike continues

The strike of the value-added textile sector continued here on second consecutive day on Wednesday. However, protestation was curtailed outside the textile units. Police registered cases against more than 1000 persons for burning, damaging and looting pri
Published 13 May, 2010 12:00am
Value-added textile units' strike continues

Value-added textile units' strike continues

The strike of the value-added textile sector continued here on second consecutive day on Wednesday. However, protestation was curtailed outside the textile units. Police registered cases against more than 1000 persons for burning, damaging and looting pri
Published 13 May, 2010 12:00am
Value-added textile units'' strike continues

Value-added textile units'' strike continues

The strike of the value-added textile sector continued here on second consecutive day on Wednesday. However, protestation was curtailed outside the textile units. Police registered cases against more than 1000 persons for burning, damaging and looting pri
Published 13 May, 2010 12:00am
New UK coalition government sets out agenda

New UK coalition government sets out agenda

Britain ushered in an extraordinary new political era Wednesday as a pair of rivals-turned-partners pledged to set aside their differences and tackle the country's disastrous budget deficit forming the first coalition government since World War II.
Published 13 May, 2010 12:00am
New UK coalition government sets out agenda

New UK coalition government sets out agenda

Britain ushered in an extraordinary new political era Wednesday as a pair of rivals-turned-partners pledged to set aside their differences and tackle the country's disastrous budget deficit forming the first coalition government since World War II.
Published 13 May, 2010 12:00am
Afghanistan and Pakistan: security council to be convened

Afghanistan and Pakistan: security council to be convened

Britain's new coalition government says it is creating a national security council to oversee all aspects of the country's security, particularly focusing on policy in Afghanistan and Pakistan. Newly appointed Foreign Secretary William Hague says the new
Published 13 May, 2010 12:00am
Afghanistan and Pakistan: security council to be convened

Afghanistan and Pakistan: security council to be convened

Britain's new coalition government says it is creating a national security council to oversee all aspects of the country's security, particularly focusing on policy in Afghanistan and Pakistan. Newly appointed Foreign Secretary William Hague says the new
Published 13 May, 2010 12:00am
LSE index up 18.27 points

LSE index up 18.27 points

In the backdrop of fresh buying activity in selective scrips, equities registered gains at Lahore Stock Exchange (LSE) on Wednesday amid ascending transaction volume. The LSE-25 index showed an improvement of 18.27 points and closed at 3214.86 points agai
Published 13 May, 2010 12:00am
LSE index up 18.27 points

LSE index up 18.27 points

In the backdrop of fresh buying activity in selective scrips, equities registered gains at Lahore Stock Exchange (LSE) on Wednesday amid ascending transaction volume. The LSE-25 index showed an improvement of 18.27 points and closed at 3214.86 points agai
Published 13 May, 2010 12:00am
Rabbani becomes Prime Minister's advisor

Rabbani becomes Prime Minister's advisor

The Prime Minister Syed Yousuf Raza Gilani Wednesday designated Mian Raza Rabbani as Advisor to Prime Minister on Inter Provincial Co-ordination, with the status of Federal Minister. According to a notification issued here, this order will come in to forc
Published 13 May, 2010 12:00am
Rabbani becomes Prime Minister's advisor

Rabbani becomes Prime Minister's advisor

The Prime Minister Syed Yousuf Raza Gilani Wednesday designated Mian Raza Rabbani as Advisor to Prime Minister on Inter Provincial Co-ordination, with the status of Federal Minister. According to a notification issued here, this order will come in to forc
Published 13 May, 2010 12:00am
EDB forms four bodies to resolve auto industry problems

EDB forms four bodies to resolve auto industry problems

The Engineering Development Board (EDB) has constituted four subcommittees to resolve the issues of the local engineering sector, after a three and half hours long stormy in-camera session of the Auto Industry Development Committee (AIDC) which met for th
Published 13 May, 2010 12:00am
EDB forms four bodies to resolve auto industry problems

EDB forms four bodies to resolve auto industry problems

The Engineering Development Board (EDB) has constituted four subcommittees to resolve the issues of the local engineering sector, after a three and half hours long stormy in-camera session of the Auto Industry Development Committee (AIDC) which met for th
Published 13 May, 2010 12:00am
EDB forms four bodies to resolve auto industry problems

EDB forms four bodies to resolve auto industry problems

The Engineering Development Board (EDB) has constituted four subcommittees to resolve the issues of the local engineering sector, after a three and half hours long stormy in-camera session of the Auto Industry Development Committee (AIDC) which met for th
Published 13 May, 2010 12:00am
Government fails to check rising inflation

Government fails to check rising inflation

The government has failed in controlling increasing inflation as the Consumer Price Index (CPI) continued its smooth upward journey in April to 13.26 percent as compared to the same period of the last year, Federal Bureau of Statistics reported on Wednesd
Published 13 May, 2010 12:00am
Government fails to check rising inflation

Government fails to check rising inflation

The government has failed in controlling increasing inflation as the Consumer Price Index (CPI) continued its smooth upward journey in April to 13.26 percent as compared to the same period of the last year, Federal Bureau of Statistics reported on Wednesd
Published 13 May, 2010 12:00am
Government fails to check rising inflation

Government fails to check rising inflation

The government has failed in controlling increasing inflation as the Consumer Price Index (CPI) continued its smooth upward journey in April to 13.26 percent as compared to the same period of the last year, Federal Bureau of Statistics reported on Wednesd
Published 13 May, 2010 12:00am
FBR asks Agility Logistics to continue PaCCS up to June 30

FBR asks Agility Logistics to continue PaCCS up to June 30

The Federal Board of Revenue (FBR) is striving to convince Agility Logistics, the software developer of Pakistan Customs Computerised System (PaCCS) not to shut down PaCCS operations from May 15, 2010. Sources told Business Recorder on Wednesday th
Published 13 May, 2010 12:00am
FBR asks Agility Logistics to continue PaCCS up to June 30

FBR asks Agility Logistics to continue PaCCS up to June 30

The Federal Board of Revenue (FBR) is striving to convince Agility Logistics, the software developer of Pakistan Customs Computerised System (PaCCS) not to shut down PaCCS operations from May 15, 2010. Sources told Business Recorder on Wednesday th
Published 13 May, 2010 12:00am
FBR asks Agility Logistics to continue PaCCS up to June 30

FBR asks Agility Logistics to continue PaCCS up to June 30

The Federal Board of Revenue (FBR) is striving to convince Agility Logistics, the software developer of Pakistan Customs Computerised System (PaCCS) not to shut down PaCCS operations from May 15, 2010. Sources told Business Recorder on Wednesday th
Published 13 May, 2010 12:00am
Nuclear deal with Pakistan peaceful: Chinese foreign minister

Nuclear deal with Pakistan peaceful: Chinese foreign minister

China has reiterated that its co-operation with Pakistan in civil nuclear energy is strictly peaceful in nature. "The cooperation is subject to safeguards and the supervision of the International Atomic Energy Agency (IAEA). It is in compliance with respe
Published 13 May, 2010 12:00am
Nuclear deal with Pakistan peaceful: Chinese foreign minister

Nuclear deal with Pakistan peaceful: Chinese foreign minister

China has reiterated that its co-operation with Pakistan in civil nuclear energy is strictly peaceful in nature. "The cooperation is subject to safeguards and the supervision of the International Atomic Energy Agency (IAEA). It is in compliance with respe
Published 13 May, 2010 12:00am
Lashari made OGDC chairman

Lashari made OGDC chairman

Petroleum Secretary Kamran Lashari has been appointed as new chairman of the Board of Directors (BoD) of the Oil and Gas Development Company Limited (OGDC), Business Recorder has learnt. The Ministry of Petroleum and Natural Resources had moved a s
Published 13 May, 2010 12:00am
Lashari made OGDC chairman

Lashari made OGDC chairman

Petroleum Secretary Kamran Lashari has been appointed as new chairman of the Board of Directors (BoD) of the Oil and Gas Development Company Limited (OGDC), Business Recorder has learnt. The Ministry of Petroleum and Natural Resources had moved a s
Published 13 May, 2010 12:00am
Lashari made OGDC chairman

Lashari made OGDC chairman

Petroleum Secretary Kamran Lashari has been appointed as new chairman of the Board of Directors (BoD) of the Oil and Gas Development Company Limited (OGDC), Business Recorder has learnt. The Ministry of Petroleum and Natural Resources had moved a s
Published 13 May, 2010 12:00am
Masood to be new World Bank country director

Masood to be new World Bank country director

Rasheed Bin Masood will be a new country director of World Bank in Pakistan from July 1, 2010. Addressing an informal press briefing, Country Manager World Bank in Pakistan John Wall said he was working here for transitional period and Rasheed Bin Masood,
Published 13 May, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 May, 2010 12:00am
Masood to be new World Bank country director

Masood to be new World Bank country director

Rasheed Bin Masood will be a new country director of World Bank in Pakistan from July 1, 2010. Addressing an informal press briefing, Country Manager World Bank in Pakistan John Wall said he was working here for transitional period and Rasheed Bin Masood,
Published 13 May, 2010 12:00am
Masood to be new World Bank country director

Masood to be new World Bank country director

Rasheed Bin Masood will be a new country director of World Bank in Pakistan from July 1, 2010. Addressing an informal press briefing, Country Manager World Bank in Pakistan John Wall said he was working here for transitional period and Rasheed Bin Masood,
Published 13 May, 2010 12:00am
Thousands of villagers at risk of flooding

Thousands of villagers at risk of flooding

Thousands of villagers in risk losing their homes to a lake formed by a landslide which could burst its banks within days, officials warned on Wednesday. Possible disaster also threatens the popular tourist resort of Gulmit on the main Karakoram Highway t
Published 13 May, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 May, 2010 12:00am
Thousands of villagers at risk of flooding

Thousands of villagers at risk of flooding

Thousands of villagers in risk losing their homes to a lake formed by a landslide which could burst its banks within days, officials warned on Wednesday. Possible disaster also threatens the popular tourist resort of Gulmit on the main Karakoram Highway t
Published 13 May, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 May, 2010 12:00am
Swiss authorities wouldn't reopen cases: Aitzaz

Swiss authorities wouldn't reopen cases: Aitzaz

The government has no other option but to comply with the apex court orders by writing a letter to Swiss authorities seeking revival of money-laundering reference against President Asif Ali Zardari, said Barrister Aitzaz Ahsan here on Wednesday. The forme
Published 13 May, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 May, 2010 12:00am
Swiss authorities wouldn't reopen cases: Aitzaz

Swiss authorities wouldn't reopen cases: Aitzaz

The government has no other option but to comply with the apex court orders by writing a letter to Swiss authorities seeking revival of money-laundering reference against President Asif Ali Zardari, said Barrister Aitzaz Ahsan here on Wednesday. The forme
Published 13 May, 2010 12:00am
Privatisation Commission, AWT sign deal

Privatisation Commission, AWT sign deal

The Secretary Privatisation Commission Shahab Khawaja and the Chief Operating Officer Army Welfare Trust (AWT) Major General Abdul Jabbar Bhatti (Retd) on Wednesday signed an agreement for the settlement of long due proceeds amounting to Rs,874.062 millio
Published 13 May, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 12, 2010).

Published 13 May, 2010 12:00am
Privatisation Commission, AWT sign deal

Privatisation Commission, AWT sign deal

The Secretary Privatisation Commission Shahab Khawaja and the Chief Operating Officer Army Welfare Trust (AWT) Major General Abdul Jabbar Bhatti (Retd) on Wednesday signed an agreement for the settlement of long due proceeds amounting to Rs,874.062 millio
Published 13 May, 2010 12:00am
Privatisation Commission, AWT sign deal

Privatisation Commission, AWT sign deal

The Secretary Privatisation Commission Shahab Khawaja and the Chief Operating Officer Army Welfare Trust (AWT) Major General Abdul Jabbar Bhatti (Retd) on Wednesday signed an agreement for the settlement of long due proceeds amounting to Rs,874.062 millio
Published 13 May, 2010 12:00am
Pentagon says military response to cyber attack possible

Pentagon says military response to cyber attack possible

The Pentagon would consider a military response in the case of a cyber attack against the United States, a US defence official said on Wednesday. Asked about the possibility of using military force after a cyber assault, James Miller, under-secretary of d
Published 13 May, 2010 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

US copper futures bounced higher in choppy trade early on Wednesday, with a firmer euro versus the dollar and upbeat industrial output data in Europe offering support, but gains were limited as eurozone debt and Chinese growth concerns lingered.Copper for
Published 13 May, 2010 12:00am
Korean Group to install raw material purification plant

Korean Group to install raw material purification plant

Korean J Group of Industries Corporation will install a raw material purification plant in Karachi. CEO Korean J Group of Industries Corporation Chang and business partner Khoaang Said J Group is interested to install a Raw Material Copper War Plants in B
Published 13 May, 2010 12:00am
'Technology exhibitions vital for industrial growth'

'Technology exhibitions vital for industrial growth'

The technology exhibitions in Pakistan is a need of the hour and a major source of bringing new trends in trade and industry. This was stated by Vice President, Federation of Pakistan Chambers of Commerce and Industry, Zakria Usman.
Published 13 May, 2010 12:00am
IFC expanding training opportunities for small businesses

IFC expanding training opportunities for small businesses

IFC, a member of the World Bank Group, is working to increase support for smaller businesses in Pakistan by increasing the availability of business management training opportunities, which will help businesses grow and create employment in the country.
Published 13 May, 2010 12:00am
CIMA's Global Business Challenge final on May 15

CIMA's Global Business Challenge final on May 15

Final of the Chartered Institute of Management Accountants (CIMA) 'Global Business Challenge' will be held in the city on May 15. At least four winning students would participate in the global final scheduled to be held in Malaysia between August 5 and 6
Published 13 May, 2010 12:00am
US MIDDAY: gold extends rally

US MIDDAY: gold extends rally

US gold futures rose to hit a record high at above $1,240 an ounce early on Wednesday as economic uncertainties and Greece's debt contagion fears prompted investors to pile into the metal for safety. COMEX June gold up $19, or 1.6 percent, at $1,239.30 an
Published 13 May, 2010 12:00am
Gold flies to record in European trade

Gold flies to record in European trade

Gold surged to a record high on Wednesday as investors sought safety from the risk of Greece's debt crisis spreading to other countries, with demand for coins, bars and bullion-backed exchange-traded funds all climbing. Spot gold hit $1,244.45 an ounce, a
Published 13 May, 2010 12:00am
Gold at all-time high in New York

Gold at all-time high in New York

Gold jumped nearly 3 percent to an all-time high at above $1,230 an ounce on Tuesday, as traders sought safety after a $1 trillion European rescue failed to put to rest fears of eurozone debt contagion. After trading modestly higher in choppy early activi
Published 13 May, 2010 12:00am
Gold strikes new record high in Asia

Gold strikes new record high in Asia

Gold struck another record high above $1,230 an ounce on Wednesday on safe haven buying as investors bet the eurozone debt crisis could spread beyond Greece. Jewellers cashed in on the rally and dealers noted a pick up sales of scrap in Asia, which could
Published 13 May, 2010 12:00am
Two dacoits killed in encounter with police

Two dacoits killed in encounter with police

Two dacoits were killed, an ASI and Constable sustained serious injuries during an encounter occurred between personnel of Punjab Highway Patrol (PHP) and unidentified dacoits on Wednesday. According to details, PHP police received information Tuesday nig
Published 13 May, 2010 12:00am
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