News Archives for Print - 2010-05-18

Print - 2010-05-18

US MIDDAY: copper falls

US copper futures fell to a 1-1/2-week low early on Monday, as the dollar strengthened and broader market concerns persisted about the European debt crisis and its potential impact on global economic recovery. Copper for July delivery plunged 7.30 cents,

Published 18 May, 2010 12:00am

US MIDDAY: gold rises

US gold futures rose early on Monday as lingering sovereign debt risks and volatile currency markets triggered safe-haven demand. COMEX June gold up $5.80 at $1,233.60 an ounce at 11:34 pm EDT (1534 GMT). Ranged from $1,223.70 to $1,242.80. June contract

Published 18 May, 2010 12:00am

Yarn export: VAT sector demands ban or increase RD

Value-added textile sector on Monday demanded of the government to impose complete ban or increase the rate of regulatory duty on export of yarn from 15 percent to 30 percent. However, Aptma, Textile Spinning sector and Karachi Cotton Association have dem

Published 18 May, 2010 12:00am

Tarbela Dam being kept empty to store Hunza River's floodwaters

The authorities are keeping the Tarbela Dam on river Indus empty to store the water of landslide-dam formed over Hunza river due to a devastating landslide that occurred on 4th January 2010, which may burst at any time, official sources told Business R

Published 18 May, 2010 12:00am

SHO among five policemen hurt as rocket explodes

Five police officials including SHO Shalkot police station were wounded when a rocket exploded during its defusing, here on Monday. Local police officials said a bomb disposal squad accompanied by Shalkot police officials were defusing a rocket, which had
Published 18 May, 2010 12:00am

Musharraf was not the only architect of NRO: S M Zafar

Veteran politician and eminent jurist Senator S.M. Zafar has said that the former President Pervez Musharraf was not the only architect of "National Reconciliation Ordinance" (NRO), as there were several others.
Published 18 May, 2010 12:00am

Lack of quorum mars Senate proceedings

The government had to face embarrassment in Senate due to lack of quorum and the house was adjourned for half an hour to complete the required number of Senators. Soon after the recitation from the Holy Qura'an, PML-Q senator Sardar Jamal Laghari pointed
Published 18 May, 2010 12:00am

Chairman reserves ruling: Senators term passage of CCP Bill unconstitutional

Chairman Senate Farooq H. Naik on Monday reserved ruling on the issue raised by lawmakers pertaining to amendment to Code of Civil Procedure (CCP) through Code of Civil Procedure (Amendment) Bill 2010 by the Senate on the ground that it is a provincial su
Published 18 May, 2010 12:00am

Wrongly declared motorcycle parts consignments detained

Directorate General, Intelligence and Investigation (DGI&I)-FBR, Karachi has detained two consignments of motorcycle auto parts, which were deliberately mis-declared by the importer to evade Rs 3.60million duty and taxes.
Published 18 May, 2010 12:00am

Unregistered buyers in VAT regime: FBR sees nearly Rs 60 billion-62 billion collection in 2010-11

The Federal Board of Revenue (FBR) estimates to collect around Rs 60-62 billion in 2010-2011 by imposing three percent penalty on un-registered buyers, who conceal their National Tax Number (NTN)/computerised national identity card number (CNIC), speaks t
Published 18 May, 2010 12:00am

'Militancy cannot be tackled through guns only'

Participants of a daylong conference suggested that the issue of militancy could not be tackled through guns only so the state would have to make concrete efforts to bring peace in the areas where war is being fought. The consultation titled 'The Way Forw
Published 18 May, 2010 12:00am

Statement about NRO architect: I was misquoted, clarifies Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that his statement about the architect of National Reconciliation Ordinance (NRO) was misquoted. Talking to media after addressing the World Telecom Day here on Monday at a local hotel, the Prime Minister cl
Published 18 May, 2010 12:00am

Motorcycle spare parts import: APMSPIDA for waiver of 15 percent additional duty

All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSPIDA) has proposed waiver of 15 percent additional duty imposed on import of motorcycle spare parts.
Published 18 May, 2010 12:00am

Gender Crime and Ladies Complaint Units to be set up

Islamabad Police will establish Gender Crime Units and Ladies Complaint Units at different police stations under Gender Responsive Policing Project (GRPP) funded by German Government. As a pilot project first Gender Crime Unit will be set up in Ramna Poli
Published 18 May, 2010 12:00am

Parliament urged to give permanent status to PAC

The speakers at PINA Seminar on the Role of Audit in Financial Discipline held in Lahore on Monday called upon the parliament to give permanent status to Public Accounts Committee as that of the speaker and it should have an independent secretariat with n
Published 18 May, 2010 12:00am

President briefed about ongoing projects in Sindh

Sindh Cabinet on Monday called on President Asif Ali Zardari at the Chief Minister House. Sindh Chief Minister Syed Qaim Ali Shah and other Ministers gave briefing to the President on the projects of their respective departments. Sindh Governor Dr Ishrat-
Published 18 May, 2010 12:00am

Illegal immigrants in US

In response to my letter dated April 25 to national and international media and law makers, the number of 'Law Makers of the US' (both Democrats and Republicans) very graciously apprised me, as given below, of their stand and action on illegal immigration
Published 18 May, 2010 12:00am

Fayyad causes Fatah headache in West Bank

Anybody would be forgiven for thinking Salam Fayyad a politician on the campaign trail. Hardly a day goes by without the Palestinian prime minister touring a town or village to meet and greet the public. His efforts are bearing fruit. Even some of Fayyad'
Published 18 May, 2010 12:00am

Spotlight: PPP: Murmurs of low-key dissent now becoming high-decibel!: Gilani fumbles yet again and keeps on, non-stop!

The "glow" conferred on Prime Minister Gilani by President Obama during the PM's recent visit to the US ("You have increased in your stature"), must have made up for the slight caused to him by President Bush's mischievous wink to a large gathering of pre
Published 18 May, 2010 12:00am

Democracy in need of an overhaul

The pet line of democracy lovers is that even the worst of it is better than any other governance system. In reality though, all governance systems are flawed; democracy is only the least flawed of them. But the way the 'exemplary' democracies performed i
Published 18 May, 2010 12:00am

USA's Afghan strategy and Pakistan

Afghan President Hamid Karzai has been in the US to discuss the progress of Washington's new strategy, which aims at the reintegration of the Taliban foot soldiers through monetary and other incentives, and reconciliation with the leadership.
Published 18 May, 2010 12:00am

Understanding our predicament

The International Monetary Fund is neither a pushover, nor is known for its charitable attitude. In fact, it is usually very strict in dealing with its developing member countries and terminates its facilities whenever any violation of agreed conditionali
Published 18 May, 2010 12:00am

Automobile makers foresee bleak future

The present economic scenario for automobile car manufacturers does not seem very encouraging and bright. According to Pakistan Automobile Manufacturer Association (PAMA), since the local automobile manufacturing plants are a key source of employment gene
Published 18 May, 2010 12:00am

Demand for hike in fares: Karachi transporters to go on strike on May 25

The city transporters have announced to observe a complete wheel-jam strike on May 25 if Sindh government did not issue a notification for increase in public transport fares by May 24, 2010. This was decided at a meeting of Karachi Transport Ittehad (KTI)
Published 18 May, 2010 12:00am

RMC, REIT scheme: MUFAP finds minimum equity requirement 'extremely' high

The Mutual Fund Association of Pakistan (MUFAP) is of the opinion that the requirement of minimum equity of the REIT Management Company (RMC) of Rs 500 million, REIT (Real Estate Investment Trust) scheme of Rs 2 billion and minimum 20 percent of REIT sche
Published 18 May, 2010 12:00am

Facilitating students going abroad: banks told to expedite account verification process

The State Bank of Pakistan has advised commercial banks not to charge any processing fee for verification of accounts/statements submitted by students who are desirous of proceeding for studies abroad.
Published 18 May, 2010 12:00am

ABL assigned Ba3 GLC rating by Moody's

Moody's Investors Service has assigned Ba3/Not-Prime global local currency (GLC) deposit ratings, B3/Not-Prime foreign currency deposit ratings and a D- bank financial strength rating (BFSR) to Allied Bank Limited. All ratings carry a stable outlook.
Published 18 May, 2010 12:00am

Primary Dealer: State Bank invites applications for appointment

The State Bank of Pakistan has invited applications from interested financial institutions for appointment as Primary Dealer of Government Securities for the next 2010-11 fiscal year.
Published 18 May, 2010 12:00am

KCR project: 're-lending' issue hampering approval

The Karachi Circular Railway (KCR) project, is likely to be approved by President Asif Ali Zardari shortly, is feared not to be implemented if it is approved without solving the issue of "re-lending" of around $1.58 billion by the Japanese government.
Published 18 May, 2010 12:00am

Bureau of supply and prices reactivated: Sindh agriculture department reluctant to return powers

The agriculture department of the Sindh government is reluctant to return powers under Sindh Prices Control Act, 2005 to the recently reactivated bureau of supply and prices department to ensure proper checking of commodities' prices and contain profiteer
Published 18 May, 2010 12:00am

Petition seeking disqualification: LHC issues notice to MNA for May 31

The Lahore High Court (LHC) on Monday issued notice to MNA Amir Yar for May 31, in a petition challenging his academic degrees. The petitioner Muhammad Arshad Pirzada, a voter of the same constituency NA-184, Bahawalpur, through his counsel Aftab Ahmad Ba
Published 18 May, 2010 12:00am

Rally demands release of Dr Aafia

Pasban Pakistan staged a demonstration in front of Multan Press Club under the leadership of Umar Mughal, organiser of Pasban. Participants were carrying placards and banners inscribed with slogans," Release Dr Aafia Siddiqui, Daughter of Pakistan is stil
Published 18 May, 2010 12:00am

'Pakistan to overcome its economic problems soon'

An American writer and intellectual, David Albert Westbrook has said Pakistan will be able to resolve its economic problems in near future. "I am optimistic about the future of Pakistan and as a professor at a University in the US I would like to study th
Published 18 May, 2010 12:00am

Smeda assures agriculture, livestock body of support

Small and Medium Enterprises Development Authority (Smeda) Chief Executive Officer, Shahid Rashid Monday assured the Federation of Pakistan Chambers of Agriculture that the authority would continue its support to develop the agriculture and livestock sect
Published 18 May, 2010 12:00am

Government evolves strategy to reduce mother-child mortality rate

Federal Minister for Population Welfare Dr Firdous Ashiq Awan has said a strategy has been evolved to reduce mother-child mortality rate in the country. In an interview with Business Recorder here on Monday she disclosed that three mega projects wo
Published 18 May, 2010 12:00am

Consumers in urban areas face power outages of 10 hours daily

After a brief spell, it is back to usual way for consumers as power outages once again soared from 8 to 10 hours daily in urban areas. For the last 24 hours, loadshedding has once again increased substantially amid rising mercury level. Nevertheless, the
Published 18 May, 2010 12:00am

Qayyum Jatoi refuses to withdraw resignation

Federal Minister for Defence Production Abdul Qayyum Khan Jatoi, who has resigned from the federal cabinet after defeat of the Pakistan People's Party (PPP) candidate in the by-elections on Saturday from the constituency belonging to his district, has ref
Published 18 May, 2010 12:00am

Schools to take part in tree plantation ceremony

Around 40 schools have signed up to take part in special tree planting ceremony under the Azme Alishan Initiative, designed to symbolise a commitment to build better and bright future of the nation.
Published 18 May, 2010 12:00am

Shujaat condoles death of Rana Iqbal's mother

Pakistan Muslim League-Q President Chaudhry Shujaat Hussein condoled with Acting Punjab Governor/ Speaker Punjab Assembly Rana Muhammad Iqbal, the sad demise of his mother, at the Governor House Monday.
Published 18 May, 2010 12:00am

Multanites experience hottest day

Multanites experienced the hottest days of the current summer on Sunday and Monday with the mercury touching 45.2 degree Celsius, forcing the Multanites to stay inside their homes and avoid unnecessarily coming on roads.
Published 18 May, 2010 12:00am

SECP files criminal complaint against brokerage house

The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint in the competent court of law against Capital One Equities Limited, ex-member Karachi Stock Exchange (KSE) along with its directors, officers and persons allegedly in
Published 18 May, 2010 12:00am

Media should maintain an impartial status: minister

Minister of State for Information and Broadcasting, Syed Samsam Ali Bukhari has said that media should not be a party, but it should be a party of Pakistan. Discussions are always fruitful because these are full of diversity of thoughts, which enable us t
Published 18 May, 2010 12:00am

Taseer denies holding of profitable office

Punjab Governor Salman Taseer through his counsel on Monday informed the Lahore High Court (LHC) that he was not holding any profitable office and the allegations of indulging him in political activities were baseless.
Published 18 May, 2010 12:00am

VAT refund under ERS: FBR to conduct 'Post Refund Audit' of each claim

The Federal Board of Revenue (FBR) will initially conduct "Post-Refund Audit" of each refund claim of Value Added Tax (VAT) under the Expeditious Refund System (ERS) for direct deposit of refund into the taxpayer bank account. Sources told Business Rec
Published 18 May, 2010 12:00am

Dr Aafia's abduction: LHC seeks interior ministry's stance by May 27

The Lahore High Court (LHC) here Monday called report from the interior ministry till May 27 in a petition seeking directions to federal government to help Dr Aafia Siddiqui. The petitioner Iqbal Jafree submitted that Dr Aafia was kidnapped along with her
Published 18 May, 2010 12:00am

Cloudy weather, thundershowers predicted for Lahore

The provincial capital was still in the grip of sizzling weather on Monday where the maximum temperature was 41 Celsius degrees, while the met office has forecast partly cloudy weather with a chance of thundershowers. The minimum temperature at night was
Published 18 May, 2010 12:00am

Government decides to authorise Nadra to issue arms licences

The government has decided in principle to authorise the National Database and Registration Authority (Nadra) to issue arms licences following the Interior Ministry's failure to handle the issue in a transparent manner, it has learnt here on Monday. Inter
Published 18 May, 2010 12:00am

US diplomats call on PBIT chairman

A delegation of American diplomats comprising Economic Officer US Consulate, Jessica Berlow and educationist David A Westbrook called on Consultant to Chief Minister Punjab on Economic Affairs and Vice Chairman/CEO Punjab Board of Investment and Trade (PB
Published 18 May, 2010 12:00am

Imposition of regulatory duty on export of yarn: Aptma formulates strategy to counter the impact

All Pakistan Textile Mills Association (APTMA) South Punjab met on Monday under the chairmanship of Muhammad Anees Khawaja to formulate a strategy to counter the impact of the decision taken by Ministry of Textile on May 13, regarding implementation of 15
Published 18 May, 2010 12:00am

Prime Minister advised to sell plots to overseas Pakistanis

Pakistan Muslim League-Nawaz (PML-N) senior leader Senator Ishaq Dar has written a letter to the Prime Minister through leader of the house in Senate urging that proposed housing scheme for the parliamentarians in Islamabad over an area of 1440 Kanals in
Published 18 May, 2010 12:00am

Taliban leader Maviya surrenders

A self-acclaimed chief of Tahreek-e-Taliban Saraiki (TTS) Hanif Gabol alias Maviya surrendered before the Mianwali police, a private news channel reported on Monday. Police sources said that Hanfi Gabol belonged to Choti area of Dera Ghazi Khan. He joined
Published 18 May, 2010 12:00am

LHC issues notices to Secretary petroleum, SNGPL

The Lahore High Court (LHC) here on Monday issued notices to secretary petroleum and Sui Northern Gas Pipeline Limited (SNGPL) in a writ petition challenging the loadshedding of CNG in violation of agreement signed between petitioner and the government.
Published 18 May, 2010 12:00am

'VAT to create more problems for businesses'

Pakistan Motherland Party (PMP) will bring economic revolution to restore pride and dignity of Pakistan, Muhammad Akbar Chairman Pakistan Motherland Party said on Monday. He said that women participation, real education, research and application of modern
Published 18 May, 2010 12:00am

MoC accused of manipulating duty waiver on sugar

The Ministry of Commerce is accused of manipulating the removal of 25 percent customs duty on imported raw sugar without taking the Ministry of Food and Agriculture (Minfa) into confidence. Raw sugar itself is unfit for human consumption and as per Pakist
Published 18 May, 2010 12:00am

'Universities' ranking makes a lot of improvement'

The Deans of the University of Sindh have said that the ranking among the Universities has made a lot of improvement within the Universities and proposed the ranking of the public sector Universities under discipline wise between subject matching Universi
Published 18 May, 2010 12:00am

IMF to hold teleconference today

International Monetary Fund (IMF) is holding a teleconference on Tuesday (today) on the conclusion of the fourth review of Pakistan's Stand-By Arrangement (SBA). The Assistant Director of the IMF Middle East and Central Asia Department and Mission Chief f
Published 18 May, 2010 12:00am

Etihad signs code-share deal with Olympic Air

Etihad Airways customers in Pakistan and around the world will soon be able to fly to two of Greece's leading holiday destinations as well as Romania and Bulgaria for the first time, following the signing of a new code-share agreement with Olympic Air.
Published 18 May, 2010 12:00am

EU finances euro 40 million food security project in Pakistan

Food and Agriculture Organisation liaison and operation head, Ms Ariella F Glinni said that the European Union (EU) is financing a project worth Euro 40 million to combat rising food prices in Pakistan, aiming to improve the food security for over 1 milli
Published 18 May, 2010 12:00am

MQM opposes imposition of VAT

-Muttahida Qaumi Movement (MQM) has strongly opposed the imposition of the value-added tax (AVT) and asked the government to generate additional revenue by imposing agricultural income tax on feudalists and landlords. Dr Abdul Kadir Khanzada said while ta
Published 18 May, 2010 12:00am

Barclays announces Mohsin's departure

Barclays Pakistan has announced the departure of its Managing Director and Country Head, Mohsin Nathani, who plans to pursue other opportunities after working at Barclays for three years. Mohsin was integral in setting up the bank's operations in Pakistan
Published 18 May, 2010 12:00am

The Weather

The weather report on Monday (May 17, 2010) and the forecast for Tuesday (May 18, 2010).

Published 18 May, 2010 12:00am

Tarbela Dam hydropower project construction: Austria offers financial, technical assistance

Austria has expressed interest to provide technical and financial assistance and investment for construction of the 960 MW, 4th extension hydropower project of Tarbela Dam. It sought co-operation of the Ministry of Water and Power in this regard.
Published 18 May, 2010 12:00am

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 18 May, 2010 12:00am

Jimmy's exhibition attracts art lovers

The major solo art exhibition of Pakistani artist Jimmy Engineer titled "For the eyes only" is drawing big crowd of those interested in high quality of paintings at the Revivers Galleria in Gulberg. The much awaited major cultural activity of big solo pai
Published 18 May, 2010 12:00am

LME official plastics prices

The following were Friday official prices.

Published 18 May, 2010 12:00am

Secular elements being strengthened through a conspiracy: Jamaat-i-Islami

Syed Munawwar Hassan, Ameer Jamaat-i-Islami, has said the secular elements in the country were being strengthened under a conspiracy and the religious forces must unite to counter them. Addressing a workshop of the JI district Nazims at Mansoora on Monday
Published 18 May, 2010 12:00am

LME official plastics prices

The following were Friday official prices.

Published 18 May, 2010 12:00am

Need to evolve mechanism to translate research into practice

Government College University Lahore Academic Planning and External Links Department Monday organised the first ever seminar on "Enterprising Research through University-Industry Portal (UIP)" in collaboration with Lahore Chamber of Commerce and Industry
Published 18 May, 2010 12:00am

LME official prices

The following were Friday official prices.

Published 18 May, 2010 12:00am

Punjab, Sichuan universities ink MoU to boost ties

A Memorandum of Understanding (MoU) was signed between Punjab University and Sichuan University-one of the three largest and oldest Chinese varsities-to promote co-operation for special training, researches and mutual exchange of faculty and students dele
Published 18 May, 2010 12:00am

LME official prices

The following were Friday official prices.

Published 18 May, 2010 12:00am

Three-day health symposium at QAU commences

A three-day national symposium "Current trends in cellular, medical and environmental physiology" was kicked up here on Monday with the aim to bring closer the scientists, providing them a platform to share their knowledge and experience.
Published 18 May, 2010 12:00am

Bullion Rates

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

Published 18 May, 2010 12:00am

Railways has fuel stock for only three days

Pakistan Railways (PR) fuel stock will exhaust in the next 2 to 3 days and it will be unable to ply the trains on existing routes, informed sources revealed exclusively to Business Recorder. Sources in the Railway Ministry revealed to Business R
Published 18 May, 2010 12:00am

Bullion Rates

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

Published 18 May, 2010 12:00am

MoWP seeks Rs 53 billion for 4500 megawatts Diamer Basha dam

Ministry of Water and Power (MoWP) has requested the Finance Ministry and Planning Commission to earmark Rs 53 billion for 4500MW Diamer Basha dam in the upcoming budget 2010-11, Business Recorder has learnt. In budget 2009-10, government had earma
Published 18 May, 2010 12:00am

Cotton Spot Rates

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

Published 18 May, 2010 12:00am

Three killed in firing

Three persons including a woman and a seven-year-old boy were killed in firing by a group of armed men at village Ghulam Rasool Jatoi in the jurisdiction of Rustam police station on late Sunday night. According to police report reached here on Monday, a g
Published 18 May, 2010 12:00am

Poultry Rates

Wholesale poultry rates on Monday (May 17, 2010) and for Tuesday (May 18, 2010)
Published 18 May, 2010 12:00am

Police bust outlaws gang, arrest three

CIA Police Iqbal Town have arrested three accused involved in street crime, dacoity, robbery and theft, besides recovering cash, mobile phone and illegal weapons from them. The accused confessed to committing as many as 9 incidents of street crimes in the
Published 18 May, 2010 12:00am

Yarn Prices
Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (May 17, 2010).

Published 18 May, 2010 12:00am

Alleged manhandling of member: FAP demands action against police officials

Farmers Associates of Pakistan (FAP) has asked Punjab government to take action against police official allegedly involved in mistreating its member in Jhang district.
Published 18 May, 2010 12:00am

Yarn Prices
Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (May 17, 2010).

Published 18 May, 2010 12:00am

Over a dozen hurt in two student groups' clash

More than dozen students were injured during a violent clash between two student groups in Federal Urdu University of Arts, Science and Technology (FUUAST) here on Monday. Both groups resorted to aerial firing on each other, but timely action of law enfor
Published 18 May, 2010 12:00am

Yarn Prices
Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Monday (May 17, 2010).

Published 18 May, 2010 12:00am

Seven million people die of hypertension disease yearly in world

Dr Saeedul Majeed, convenor Pakistan Hypertension League, Peshawar said that hypertension is deadliest disease of the world taking the lives of 7 million people annually in the world. Addressing a free medical camp held in connection with World Hyper-Tens
Published 18 May, 2010 12:00am

Yarn Prices
Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Monday (May 17, 2010).

Published 18 May, 2010 12:00am

Irish trainers conduct workshops at UHS

A team of facilitators and trainers from Ireland is conducting two workshops at University of Health Sciences (UHS). A spokesman of UHS said on Monday that the main objectives of these workshops were to train participants from all over the provinces of Pa
Published 18 May, 2010 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 17, 2010).

Published 18 May, 2010 12:00am

Hypertension: a silent killer: World Hypertension Day observed

Speakers at different functions held in connection with "World Hypertension Day" observed here on Monday like other parts of the world called for adopting healthy lifestyle to check rising burden of diseases. More than one billion people are suffering fro
Published 18 May, 2010 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Monday (May 17, 2010).

Published 18 May, 2010 12:00am

Fehmida Mirza meets UAE Speaker

UAE and Pakistan enjoyed extremely close and fraternal relations based on common faith, traditions, deep-rooted cultural affinities, geographic proximity and identity of interests. This was stated by Dr Fehmida Mirza, Speaker National Assembly during her
Published 18 May, 2010 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (May 17, 2010).

Published 18 May, 2010 12:00am

Pakistan wants long-term relations with EU: Qureshi

Foreign Minister Shah Mehmood Qureshi has said that Pakistan wants long-term relations with the European Union (EU) and the forthcoming EU conference about Pakistan would further strengthen political and economic relations with the EU. The Foreign Ministe
Published 18 May, 2010 12:00am

Karachi Plastic/Urea Moulding Compounds Rates

Karachi Plastic/Urea Moulding Compounds Rates on Monday (May 17, 2010).

Published 18 May, 2010 12:00am

Man killed over petty matter

A man shot dead one Qaiser Shah in Bani Gala in outskirts of Islamabad and managed to escape. Bara Kahu Police Station registered a case against the murderer Ishaq Khan, but he was not arrested till filing of this report. According to eye-witnesses Qaiser
Published 18 May, 2010 12:00am

Grain market rates

Karachi grain market rates in rupees on Monday (May 17, 2010).

Published 18 May, 2010 12:00am

One gunned down in Noshki

One person was killed while another sustained serious injuries when unknown armed men opened fire at their vehicle near Noshki on Monday. Local police said the victims identified as Shaan and Junaid, residents of Karachi, were on their way to Quetta from
Published 18 May, 2010 12:00am

Karachi chemicals and dyes market rates

Chemicals and dyes market rates in rupees on Monday (May 17, 2010).

Published 18 May, 2010 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Dec 20

278.48

USD PKR Interbank Buying / Dec 20

278.28

USD to Japanese Yen / Dec 20

156.31

USD to Swiss Franc / Dec 20

0.89

Pound Sterling to USD / Dec 20

1.26

Euro to USD / Dec 20

1.04

Stock Volume

S&P 500 / Dec 20

5,930.85

India Sensex / Dec 20

78,041.59

Tokyo Nikkei / Dec 20

38,701.90

Nasdaq / Dec 20

19,572.60

Hang Seng / Dec 20

19,720.70

FTSE 100 / Dec 20

8,084.36

Dow Jones / Dec 20

42,840.26

Germany DAX 30 / Dec 20

19,884.75

Item Value

Crude Oil USD/Barrel / Dec 20

69.46

Gold 10 Grams PKR / Dec 20

234,311

Gold Spot USD/Ounce / Dec 20

2,622.91

Cotton US¢/pound / Dec 20

68.06

Petrol/Litre / Dec 21

252.10

Karachi Cotton PKR/37.32 KG / Dec 21

17,585

Gainers
Losers
Leaders

Stock Price

Media Times Ltd / Dec 20

Media Times Limited(MDTL)

2.37

▲ 0.37 (18.50%)

Pace (Pak) Ltd. / Dec 20

Pace (Pakistan) Limited(PACE)

7.23

▲ 1.00 (16.05%)

Ist.Capital Sec / Dec 20

First Capital Securities Corporation(FCSC)

2.12

▲ 0.26 (13.98%)

Khalid Siraj / Dec 20

Khalid Siraj Textile Mills Limited(KSTM)

9.60

▲ 0.97 (11.24%)

Aruj Industries / Dec 20

Aruj Industries Limited(ARUJ)

9.90

▲ 0.98 (10.99%)

Escorts Bank / Dec 20

Escorts Investment Bank Limited(ESBL)

4.79

▲ 0.47 (10.88%)

Cresent Jute / Dec 20

Crescent Jute Products Limited(CJPL)

4.20

▲ 0.40 (10.53%)

S.G.Power / Dec 20

S.G. Power Limited(SGPL)

11.19

▲ 1.02 (10.03%)

P.T.C.L. / Dec 20

Pakistan Telecommunication Company Ltd(PTC)

25.80

▲ 2.35 (10.02%)

Stock Price

LSE Financial Serv. / Dec 20

LSE Financial Services Limited(LSEFSL)

16.25

▼ -1.81 (-10.02%)

Dar-es-Salaam / Dec 20

Dar-es-Salaam Textile Mills Limited(DSML)

41.93

▼ -4.66 (-10.00%)

Maqbool Tex. / Dec 20

Maqbool Textile Mills Limited(MQTM)

31.05

▼ -3.45 (-10.00%)

Reliance Cotton / Dec 20

Reliance Cotton Spinning Mills Limited(RCML)

621

▼ -69.00 (-10.00%)

Sanghar Sugar / Dec 20

Sanghar Sugar Mills Limited(SANSM)

27.72

▼ -3.08 (-10.00%)

Olympia Mills / Dec 20

Olympia Mills Limited(OML)

34.58

▼ -3.84 (-9.99%)

Nagina Cot. / Dec 20

Nagina Cotton Mills Limited(NAGC)

48.92

▼ -5.41 (-9.96%)

Oilboy Energy / Dec 20

Oilboy Energy Limited(OBOY)

11.39

▼ -1.26 (-9.96%)

Arpak Int. / Dec 20

Arpak International Investments Ltd.(ARPAK)

65.22

▼ -7.19 (-9.93%)

Stock Volume

WorldCall Telecom / Dec 20

Worldcall Telecom Limited(WTL)

177,645,248

▲ 0.10

K-Electric Ltd. / Dec 20

K-Electric Limited(KEL)

81,901,542

▲ 0.16

Cnergyico PK / Dec 20

Cnergyico PK Limited(CNERGY)

68,345,098

▲ 0.12

Pak Elektron / Dec 20

Pak Elektron Limited(PAEL)

57,974,101

▲ 1.47

Pak Refinery / Dec 20

Pakistan Refinery Limited(PRL)

45,251,944

▲ 0.40

Pace (Pak) Ltd. / Dec 20

Pace (Pakistan) Limited(PACE)

43,240,462

▲ 1.00

Sui South Gas / Dec 20

Sui Southern Gas Company Limited(SSGC)

40,539,001

▼ -0.74

B.O.Punjab / Dec 20

The Bank of Punjab(BOP)

35,598,669

▲ 0.24

Symmetry Group / Dec 20

Symmetry Group Limited(SYM)

34,869,613

▼ -0.72

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No UAE visa issue, waiting for Islamabad to sign FTA: UAE consul general

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72