News Archives for Print - 2010-05-23 - Business Recorder

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Print - 2010-05-23

US can't act alone in world: Obama

US can't act alone in world: Obama

President Barack Obama insisted on Saturday the United States cannot act alone in the world as he outlined a new national security strategy aimed at cementing his break with the Bush era's more unilateralist approach. Setting out his vision for keeping Am

Published 23 May, 2010 12:00am

Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

Rates of spices and other allied commodities

Rates of spices and other allied commodities

Rates of spices and other allied commodities in rupees prevailing on the commodity markets in Karachi on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

159 dead in Indian plane crash

159 dead in Indian plane crash

An Air India Express plane overshot a runway and crashed in flames Saturday in southern India, killing 159 people as a handful of survivors scrambled from the burning wreckage. Officials said the Boeing 737-800, carrying 160 passengers and six crew on a f

Published 23 May, 2010 12:00am

Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

159 dead in Indian plane crash

159 dead in Indian plane crash

An Air India Express plane overshot a runway and crashed in flames Saturday in southern India, killing 159 people as a handful of survivors scrambled from the burning wreckage. Officials said the Boeing 737-800, carrying 160 passengers and six crew on a f

Published 23 May, 2010 12:00am

Karachi chemicals and dyes market rates

Karachi chemicals and dyes market rates

Chemicals and dyes market rates in rupees on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

Pakistan sends India condolences on plane crash

Pakistan sends India condolences on plane crash

Pakistan on Saturday sent its condolences to India's Prime Minister Manmohan Singh for the deaths of 159 people in an Air India plane crash earlier in the day. "I was deeply shocked to learn of the tragic crash of an Air India Express aircraft this mornin

Published 23 May, 2010 12:00am

Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

Pakistan sends India condolences on plane crash

Pakistan sends India condolences on plane crash

Pakistan on Saturday sent its condolences to India's Prime Minister Manmohan Singh for the deaths of 159 people in an Air India plane crash earlier in the day. "I was deeply shocked to learn of the tragic crash of an Air India Express aircraft this mornin

Published 23 May, 2010 12:00am

Karachi Plastic/Urea Moulding Compounds Rates

Karachi Plastic/Urea Moulding Compounds Rates

Karachi Plastic/Urea Moulding Compounds Rates on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

Site for coal power project: PPIB resents Pepco's non-cooperation

Site for coal power project: PPIB resents Pepco's non-cooperation

The Private Power Infrastructure Board (PPIB) has expressed concern over Pakistan Electric Power Company (Pepco) failure to provide a suitable site for the proposed 200-300 MW imported coal based power project, well-informed sources told Business Recor

Published 23 May, 2010 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

Site for coal power project: PPIB resents Pepco's non-cooperation

The Private Power Infrastructure Board (PPIB) has expressed concern over Pakistan Electric Power Company (Pepco) failure to provide a suitable site for the proposed 200-300 MW imported coal based power project, well-informed sources told Business Recor
Published 23 May, 2010 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

Site for coal power project: PPIB resents Pepco''s non-cooperation

The Private Power Infrastructure Board (PPIB) has expressed concern over Pakistan Electric Power Company (Pepco) failure to provide a suitable site for the proposed 200-300 MW imported coal based power project, well-informed sources told Business Recor
Published 23 May, 2010 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

TCEB seeks Rs 10 billion for coalfields in budget

Thar Coal and Energy Board (TCEB), in its 9th meeting at Sindh Chief Minister House on Saturday, decided to ask the federal government to allocate at least Rs 10 billion for Thar coalfields in Budget FY11 under Public Sector Development Programme (PSDP).
Published 23 May, 2010 12:00am

Yarn Prices
Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

TCEB seeks Rs 10 billion for coalfields in budget

Thar Coal and Energy Board (TCEB), in its 9th meeting at Sindh Chief Minister House on Saturday, decided to ask the federal government to allocate at least Rs 10 billion for Thar coalfields in Budget FY11 under Public Sector Development Programme (PSDP).
Published 23 May, 2010 12:00am

Yarn Prices
Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

TCEB seeks Rs 10 billion for coalfields in budget

Thar Coal and Energy Board (TCEB), in its 9th meeting at Sindh Chief Minister House on Saturday, decided to ask the federal government to allocate at least Rs 10 billion for Thar coalfields in Budget FY11 under Public Sector Development Programme (PSDP).
Published 23 May, 2010 12:00am

Yarn Prices
Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

World Bank may continue support to Thar coal project

The World Bank may continue its support for the multi-billion dollars project, Thar coal project, to help resolve the worst ever energy crisis in the country, it is learnt. The Bank had recently withdrawn its strong support for Thar Coal, citing many reas
Published 23 May, 2010 12:00am

Yarn Prices
Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

World Bank may continue support to Thar coal project

The World Bank may continue its support for the multi-billion dollars project, Thar coal project, to help resolve the worst ever energy crisis in the country, it is learnt. The Bank had recently withdrawn its strong support for Thar Coal, citing many reas
Published 23 May, 2010 12:00am

Poultry Rates

Wholesale poultry rates on Saturday (May 22, 2010) and for Sunday (May 23, 2010).
Published 23 May, 2010 12:00am

World Bank may continue support to Thar coal project

The World Bank may continue its support for the multi-billion dollars project, Thar coal project, to help resolve the worst ever energy crisis in the country, it is learnt. The Bank had recently withdrawn its strong support for Thar Coal, citing many reas
Published 23 May, 2010 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 22, 2010).

Published 23 May, 2010 12:00am

Standard VAT procedures: ST collection procedures to be replaced

The Value Added Tax (VAT) Rules and Regulations-2010 would abolish special procedures for collection and payment of sales tax on electricity, natural gas, compressed natural gas (CNG), liquefied petroleum gas (LPG) and by oil marketing companies (OMCs), v
Published 23 May, 2010 12:00am

The Weather

The weather report on Saturday (May 22, 2010) and the forecast for Sunday (May 23, 2010).

Published 23 May, 2010 12:00am

Standard VAT procedures: ST collection procedures to be replaced

The Value Added Tax (VAT) Rules and Regulations-2010 would abolish special procedures for collection and payment of sales tax on electricity, natural gas, compressed natural gas (CNG), liquefied petroleum gas (LPG) and by oil marketing companies (OMCs), v
Published 23 May, 2010 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 23 May, 2010 12:00am

Standard VAT procedures: ST collection procedures to be replaced

The Value Added Tax (VAT) Rules and Regulations-2010 would abolish special procedures for collection and payment of sales tax on electricity, natural gas, compressed natural gas (CNG), liquefied petroleum gas (LPG) and by oil marketing companies (OMCs), v
Published 23 May, 2010 12:00am

Non-release of stock in market: PSMA refuses to pay Rs 40 billion dues of growers

Pakistan Sugar Mills Association (PSMA) has refused to pay around Rs 40 billion dues of crisis-hit growers across the country due to non-release of its stock in the market, sources told Business Recorder on Saturday. Sugar manufacturers have refuse
Published 23 May, 2010 12:00am

Non-release of stock in market: PSMA refuses to pay Rs 40 billion dues of growers

Pakistan Sugar Mills Association (PSMA) has refused to pay around Rs 40 billion dues of crisis-hit growers across the country due to non-release of its stock in the market, sources told Business Recorder on Saturday. Sugar manufacturers have refuse
Published 23 May, 2010 12:00am

Non-release of stock in market: PSMA refuses to pay Rs 40 billion dues of growers

Pakistan Sugar Mills Association (PSMA) has refused to pay around Rs 40 billion dues of crisis-hit growers across the country due to non-release of its stock in the market, sources told Business Recorder on Saturday. Sugar manufacturers have refuse
Published 23 May, 2010 12:00am

800 web pages blocked over blasphemy

Pakistan has blocked 800 web pages and URLs to limit access to "blasphemous" material, extending a crackdown that has already banned access to Facebook and YouTube, an official said Saturday. The Pakistan Telecommunications Authority (PTA) banned access t
Published 23 May, 2010 12:00am

800 web pages blocked over blasphemy

Pakistan has blocked 800 web pages and URLs to limit access to "blasphemous" material, extending a crackdown that has already banned access to Facebook and YouTube, an official said Saturday. The Pakistan Telecommunications Authority (PTA) banned access t
Published 23 May, 2010 12:00am

800 web pages blocked over blasphemy

Pakistan has blocked 800 web pages and URLs to limit access to "blasphemous" material, extending a crackdown that has already banned access to Facebook and YouTube, an official said Saturday. The Pakistan Telecommunications Authority (PTA) banned access t
Published 23 May, 2010 12:00am

Google chief suspects 'ulterior motive' in Pakistan

Google chief executive Eric Schmidt on Friday said he suspects suppressing political criticism is a factor behind the move to block YouTube and Facebook in Pakistan in the name of Islam. "I'm always suspicious of these broad bans," Schmidt told a gatherin
Published 23 May, 2010 12:00am

Google chief suspects 'ulterior motive' in Pakistan

Google chief executive Eric Schmidt on Friday said he suspects suppressing political criticism is a factor behind the move to block YouTube and Facebook in Pakistan in the name of Islam. "I'm always suspicious of these broad bans," Schmidt told a gatherin
Published 23 May, 2010 12:00am

Google chief suspects ''ulterior motive'' in Pakistan

Google chief executive Eric Schmidt on Friday said he suspects suppressing political criticism is a factor behind the move to block YouTube and Facebook in Pakistan in the name of Islam. "I''m always suspicious of these broad bans," Schmidt told a gatheri
Published 23 May, 2010 12:00am

50-50 cost-sharing formula: provinces protest against possibility of non-provision of funds by Centre

The provinces have protested strongly against the possibility of the federal government not providing financing for provincial projects on 50-50 cost-sharing formula, except those in the category of development packages, Business Recorder has learn
Published 23 May, 2010 12:00am

50-50 cost-sharing formula: provinces protest against possibility of non-provision of funds by Centre

The provinces have protested strongly against the possibility of the federal government not providing financing for provincial projects on 50-50 cost-sharing formula, except those in the category of development packages, Business Recorder has learn
Published 23 May, 2010 12:00am

50-50 cost-sharing formula: provinces protest against possibility of non-provision of funds by Centre

The provinces have protested strongly against the possibility of the federal government not providing financing for provincial projects on 50-50 cost-sharing formula, except those in the category of development packages, Business Recorder has learn
Published 23 May, 2010 12:00am

Immovable property: CVT to be halved in fiscal year 2011

The government has decided to reduce the rate of capital value tax on immovable property from 4 to 2 percent by applying uniform rate of tax on all sizes of plots in the coming budget. Besides the tax exemption on all types of plots will be withdrawn.
Published 23 May, 2010 12:00am

Immovable property: CVT to be halved in fiscal year 2011

The government has decided to reduce the rate of capital value tax on immovable property from 4 to 2 percent by applying uniform rate of tax on all sizes of plots in the coming budget. Besides the tax exemption on all types of plots will be withdrawn.
Published 23 May, 2010 12:00am

Immovable property: CVT to be halved in fiscal year 2011

The government has decided to reduce the rate of capital value tax on immovable property from 4 to 2 percent by applying uniform rate of tax on all sizes of plots in the coming budget. Besides the tax exemption on all types of plots will be withdrawn.
Published 23 May, 2010 12:00am

Economy grows 4.1 percent in 2009-10

Pakistan's economy likely grew by 4.1 percent in the fiscal year ending on June 30, above a target of 3.3 percent, and is expected to grow even faster in the next fiscal year. Nuclear-armed Pakistan, a critical US ally fighting to quell a growing Islamist
Published 23 May, 2010 12:00am

Economy grows 4.1 percent in 2009-10

Pakistan's economy likely grew by 4.1 percent in the fiscal year ending on June 30, above a target of 3.3 percent, and is expected to grow even faster in the next fiscal year. Nuclear-armed Pakistan, a critical US ally fighting to quell a growing Islamist
Published 23 May, 2010 12:00am

Economy grows 4.1 percent in 2009-10

Pakistan''s economy likely grew by 4.1 percent in the fiscal year ending on June 30, above a target of 3.3 percent, and is expected to grow even faster in the next fiscal year. Nuclear-armed Pakistan, a critical US ally fighting to quell a growing Islamis
Published 23 May, 2010 12:00am

US says children of Pakistani elite potential terrorists

The United States has warned leaders in Pakistan that the children and relations of the elite are potential terrorists who warrant closer monitoring, according to Daily Telegraph of London. A Washington datelined report of this newspaper said "clear, if c
Published 23 May, 2010 12:00am

US says children of Pakistani elite potential terrorists

The United States has warned leaders in Pakistan that the children and relations of the elite are potential terrorists who warrant closer monitoring, according to Daily Telegraph of London. A Washington datelined report of this newspaper said "clear, if c
Published 23 May, 2010 12:00am

FBR proposes hike in FED on cement and gas

The Federal Board of Revenue has drafted proposals to increase rate of federal excise duty (FED) on cement from Rs 700 to Rs 900 per ton and on natural gas from Rs 5.09 per mmbtu to Rs 10 per mmbtu in the budget having cumulative revenue impact of Rs 10-1
Published 23 May, 2010 12:00am

FBR proposes hike in FED on cement and gas

The Federal Board of Revenue has drafted proposals to increase rate of federal excise duty (FED) on cement from Rs 700 to Rs 900 per ton and on natural gas from Rs 5.09 per mmbtu to Rs 10 per mmbtu in the budget having cumulative revenue impact of Rs 10-1
Published 23 May, 2010 12:00am

FBR proposes hike in FED on cement and gas

The Federal Board of Revenue has drafted proposals to increase rate of federal excise duty (FED) on cement from Rs 700 to Rs 900 per ton and on natural gas from Rs 5.09 per mmbtu to Rs 10 per mmbtu in the budget having cumulative revenue impact of Rs 10-1
Published 23 May, 2010 12:00am

Turkmenistan, India to discuss TAPI gas pipeline project

Kurbanguly Berdymukhamedov, president of Turkmenistan, Central Asia's top gas exporter, will discuss a gas pipeline to India with the Indian government next week, a Turkmen government source told Reuters on Saturday. Berdymukhamedov will visit India on Ma
Published 23 May, 2010 12:00am

Turkmenistan, India to discuss TAPI gas pipeline project

Kurbanguly Berdymukhamedov, president of Turkmenistan, Central Asia's top gas exporter, will discuss a gas pipeline to India with the Indian government next week, a Turkmen government source told Reuters on Saturday. Berdymukhamedov will visit India on Ma
Published 23 May, 2010 12:00am

Turkmenistan, India to discuss TAPI gas pipeline project

Kurbanguly Berdymukhamedov, president of Turkmenistan, Central Asia''s top gas exporter, will discuss a gas pipeline to India with the Indian government next week, a Turkmen government source told Reuters on Saturday. Berdymukhamedov will visit India on M
Published 23 May, 2010 12:00am

Caterer 'may have met' Shahzad: father

A Pakistani catering executive, whose top-end firm attracted a US terror warning, may have met the chief suspect in the New York bomb plot but had no relations with him, his father said Saturday. Salman Ashraf Khan, the vice president of his father's Hani
Published 23 May, 2010 12:00am

Caterer 'may have met' Shahzad: father

A Pakistani catering executive, whose top-end firm attracted a US terror warning, may have met the chief suspect in the New York bomb plot but had no relations with him, his father said Saturday. Salman Ashraf Khan, the vice president of his father's Hani
Published 23 May, 2010 12:00am

Pakistani suspect back in jail in Chile for explosives

A Chilean court ordered back to jail Saturday a Pakistani man who had been briefly detained and charged after being found with traces of explosives at the US embassy here, officials said.
Published 23 May, 2010 12:00am

Two dacoits killed in Police encounter

Two alleged dacoits have been killed and two others sustained injured in a police encounter near main bazaar of Loralai here on Saturday. According to the official sources, four bandits had snatched a bike from a man. Later, police on a tip-off raided a h
Published 23 May, 2010 12:00am

US missile kills 10 in North Waziristan

An overnight US missile strike killed two foreign militant suspects and eight Pakistanis near the Afghan border, two intelligence officials said Saturday. The attack late Friday targeted the house of a local resident in Boya village near Miran Shah, the m
Published 23 May, 2010 12:00am

US missile kills 10 in North Waziristan

An overnight US missile strike killed two foreign militant suspects and eight Pakistanis near the Afghan border, two intelligence officials said Saturday. The attack late Friday targeted the house of a local resident in Boya village near Miran Shah, the m
Published 23 May, 2010 12:00am

'Mango export to Middle East, European countries, in full swing'

The export of mangoes to European countries and the Middle East is in full swing since its formal inauguration on May 15. Bashir Ahmad, Chief Executive Officer (CEO) of Pakistan Horticulture Development and Export Company (PHDEC), a subsidiary of Commerce
Published 23 May, 2010 12:00am

Government to uphold Judiciary's dignity, Gilani phones CJP

Dispelling the apprehension that a clash between the government and the superior judiciary over implementation of the apex court's judgement on NRO is imminent, Prime Minister Yousuf Raza Gilani on Saturday said he has telephoned Chief Justice Iftikhar Mu
Published 23 May, 2010 12:00am

Judiciary's independence to be ensured at any cost: CJ LHC

Addressing judges and advocates on Saturday, Chief Justice Lahore High Court (LHC), Khawaja Muhammad Sharif, said, "Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry is our leader and all people of judiciary are his solider."
Published 23 May, 2010 12:00am

Change in 'thana culture' imperative for restoring confidence: chief minister

Punjab Chief Minister Muhammad Shahbaz Sharif has said that positive change in 'thana culture' is imperative for restoring the confidence of people in police as well as helping the poor and oppressed and it is only possible when police officials and offic
Published 23 May, 2010 12:00am

UVAS bioequivalence centre gets approval from health ministry

The Bioequivalence Study Centre (BeSt Centre) of University of Veterinary and Animal Sciences (UVAS), Lahore has been granted approval by the Ministry of Health, Pakistan. The centre is well equipped with all the high-tech facilities and trained manpower,
Published 23 May, 2010 12:00am

ASSMS becomes world's third institute to gain ERCE status

Government College University Lahore's Abdus Salam School of Mathematics Sciences (GCU ASSMS) has put Pakistani Mathematics on world's map, as the European Mathematical Society (EMS) has acknowledged the doctoral school as the Emerging Regional Centre of
Published 23 May, 2010 12:00am

'PPP to safeguard democratic system'

Prime Minister Syed Yusuf Raza Gilani said that Pakistan Peoples Party would protect democratic system in the country as Shaheed Benazir Bhutto sacrificed her life for the revival of democracy. Talking to the media after inaugurating the Expo Centre Lahor
Published 23 May, 2010 12:00am

Forthcoming budget: ICCI concerned over possible elimination of subsidies

Islamabad Chamber of Commerce & Industry (ICCI) has shown great concerns over government's move to eliminate subsidies on power tariff, fertiliser and sugar in the coming budget and termed it an unfavourable decision, saying that especially in the present
Published 23 May, 2010 12:00am

Forthcoming budget: ICCI concerned over possible elimination of subsidies

Islamabad Chamber of Commerce & Industry (ICCI) has shown great concerns over government's move to eliminate subsidies on power tariff, fertiliser and sugar in the coming budget and termed it an unfavourable decision, saying that especially in the present
Published 23 May, 2010 12:00am

Phenomenal increase in Moong, Mash prices

Smuggling has pushed up the prices of Moong and Mash [pulses] in retail market since March this year, retailers told Business Recorder on Saturday. The price of Mash has shot up by Rs 55 per kg and Moong by Rs 36 per kg in the last three months, th
Published 23 May, 2010 12:00am

160 students from remote areas to study in US

The United States Education Foundation for Pakistan (USEFP) has granted scholarships to over 160 under-graduate students hailing from the remote or economically disadvantaged areas of AJK, Fata, interior Sindh, Balochistan, Punjab and Northern Areas. The
Published 23 May, 2010 12:00am

Acting vice chancellor pays surprise visit to check security

The Acting vice-chancellor Punjab University Professor Dr Jamil Anwar Chaudhry, held a surprise check of the security arrangements at New Campus on Saturday morning and described the security arrangements as unsatisfactory in view of the prevailing securi
Published 23 May, 2010 12:00am

Moot in June: chief minister's 'Youth Commission' set up in Punjab

With a view to promoting meaningful dialogue between policymakers and talented youths, the PML-N led Punjab government has set up Chief Minister Punjab Youth Commission. In this connection, the first youth conference is going to be held in the first week
Published 23 May, 2010 12:00am

25 trucks of relief goods reach Hunza

On the instructions of Punjab Chief Minister Muhammad Shahbaz Sharif, supply of relief items to the landslide affectees of Ataabad Lake Hunza, is in progress. 25 trucks of relief goods including edibles, medicines and other items worth one crore 38 lac ru
Published 23 May, 2010 12:00am

Nawaz to discuss strategy on NRO on May 24

The Pakistan Muslim League-Nawaz (PML-N) leader Nawaz Sharif would discuss, at a meeting to be held in Murree on Monday, the strategy on NRO and 18th Amendment which have been challenged in the Apex Court. According to sources, Punjab Chief Minister Shahb
Published 23 May, 2010 12:00am

'Delivery of 263,000 cotton bales to ease shortage of cotton'

Dr Mirza Ikhtiar Baig, Federal Advisor on Textile, Government of Pakistan has taken up the matter of delivery of 263,000 cotton bales (170kg) purchased by Pakistani importers and suspended by Indian authorities against their new ban imposed on the export
Published 23 May, 2010 12:00am

Need to ensure women's role in progress stressed

Speakers at the conference on "Women, Religion and Politics" said that political parties should give equal opportunities to women to enable them play their role in the progress of the country. They were speaking at the seminar organised by Heinrich Boll S
Published 23 May, 2010 12:00am

'Textile sector exempted from power loadshedding'

Secretary, Commerce and Investment, Fazal Abbas Maken, has said that the government had exempted the textile sector of power load shedding besides providing relief to domestic consumers through load management. However, energy crisis would end in due cour
Published 23 May, 2010 12:00am

Hezbollah shows students how to shoot rockets at Israel

Lebanese students took part in a more unusual field trip this weekend - a Hezbollah-guided tour of southern Lebanon and the chance to examine the political and paramilitary group's array of weaponry. The group of young men and women went as they were, som
Published 23 May, 2010 12:00am

Promise, policy, performance

The performance of the Pakistan Peoples Party-led coalition government during the last two years, 2008-10, at a particularly challenging time in the history of Pakistan, has been a collective national effort of all democratic forces and political parties
Published 23 May, 2010 12:00am

Why privatise?

The general public has many misconceptions about the privatisation process. Most ordinary people have been misguided by political propaganda and believe that selling government owned enterprises is related to corruption and profiteering by members of the
Published 23 May, 2010 12:00am

Implementing anti-smoking measures

The Federal Ministry of Health has joined hands with the World Health Organisation and the International Union against Tuberculosis and Lung Diseases to introduce a new programme to discourage smoking. Speaking at a special meeting on Wednesday, Director
Published 23 May, 2010 12:00am

After Hamesh's return

The extradition from the US to Pakistan of Hamesh Khan, the main character in the Rs 9 billion Haris Steel Bank of Punjab scam, has sent alarm bells ringing in the camp of the Chaudhrys of Gujrat. Meanwhile the former Punjab chief minister, Pervez Elahi,
Published 23 May, 2010 12:00am

Gilani's ifs and buts

If Law Minister Babar Awan's version on the Swiss cases is required by the Supreme Court, then why not of former president Pervez Musharraf's, who is the "architect" of the infamous National Reconciliation Ordinance (NRO), so says Prime Minister Gilani. O
Published 23 May, 2010 12:00am

Government's steps aimed at conserving energy may fizzle out

All government sweeping measures to conserve electricity are likely to fizzle out in thin air with present rise in mercury, leading to increase in electricity shortfall with every passing day.
Published 23 May, 2010 12:00am

Prime Minister invites APTMA, other stakeholders for talks

Prime Minister Yousaf Raza Gilani has invited the value-added sector, Aptma, PCGA and other stakeholders to resolve the cotton yarn issue on Tuesday, May 25, because the meeting with the Textile Minister proved a futile exercise.
Published 23 May, 2010 12:00am

Rehman withdraws two bail applications

The Minister for Interior, Rehman Malik, withdrew the two bail applications filed in the Accountability Court, saying that it was not the right time to file bail applications. Abdul Haq, Judge of the Accountability Court-IV, resumed hearing on Saturday an
Published 23 May, 2010 12:00am

'Shaukat Khanum Cancer Hospital providing best treatment'

Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH&RC) is not only facing financial problems but also shortage of qualified physicians and related staff, however, the hospital is providing the best possible treatment to its patients.
Published 23 May, 2010 12:00am

Hunting areas' allocation to be done on provincial governments' recommendations

Foreign office while allocating the areas for hunting to the foreign dignitaries will consult the provincial government through Federal Environment Ministry. The security and camping arrangements are the responsibility of the provincial government, theref
Published 23 May, 2010 12:00am

Rehman withdraws two bail applications

The Minister for Interior, Rehman Malik, withdrew the two bail applications filed in the Accountability Court, saying that it was not the right time to file bail applications. Abdul Haq, Judge of the Accountability Court-IV, resumed hearing on Saturday an
Published 23 May, 2010 12:00am

Traders won't accept VAT: QTI

Executive Committee of the Qaumi Tajir Ittehad (QTI) has said that the traders' community will not accept Value Added Tax (VAT) or increase in the property tax in any case. The Executive Committee met with QTI President Khwaja Azhar Gulshan in the chair.
Published 23 May, 2010 12:00am

Government urged to help out Hunza victims

Pakistan Muslim League Nawaz (PML-N) has urged the government to help out the Hunza victims on war-footing basis. PML-N Chief Nawaz Sharif said the government should lessen the miseries immediately and bring back smiles on the faces of Hunza valley people
Published 23 May, 2010 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 8

280.80

USD PKR Interbank Buying / Apr 8

280.55

USD to Japanese Yen / Apr 8

147.06

USD to Swiss Franc / Apr 8

0.85

Pound Sterling to USD / Apr 8

1.28

Euro to USD / Apr 8

1.10

UK LIBOR % / Apr 7

4.96

Stock Volume

S&P 500 / Apr 7

5,062.25

Nasdaq / Apr 7

15,603.26

FTSE 100 / Apr 7

7,702.08

Dow Jones / Apr 7

37,965.60

Germany DAX 30 / Apr 7

19,789.62

France CAC40 / Apr 7

6,927.12

India Sensex / Apr 8

74,620.92

Tokyo Nikkei / Apr 8

33,012.58

Hang Seng / Apr 8

20,148.82

Item Value

Karachi Cotton PKR/37.32 KG / Apr 7

17,085

Gold 10 Grams PKR / Apr 7

281,297.70

Petrol/Litre / Apr 8

254.63

Crude Oil USD/Barrel / Apr 8

61.41

Gold Spot USD/Ounce / Apr 8

3,012.10

Diesel/Litre / Apr 8

258.64

Cotton US¢/pound / Apr 8

65.08

Gainers
Losers
Leaders

Stock Price

Orient Rental / Apr 8

Orient Rental Mod(ORM)

8.89

▲ 0.88 (10.99%)

Mandviwala / Apr 8

Mandviwala Mauser Plastic Industries(MWMP)

17.55

▲ 1.6 (10.03%)

Shakarganj / Apr 8

Shakarganj Limited(SML)

38.70

▲ 3.52 (10.01%)

Bunnys Limited / Apr 8

Bunnys Limited(BNL)

20.78

▲ 1.89 (10.01%)

Biafo Ind. / Apr 8

Biafo Industries Limited(BIFO)

179.05

▲ 16.28 (10%)

Leiner Pak Gelat / Apr 8

Leiner Pak Gelatine Limited(LPGL)

116.27

▲ 10.57 (10%)

S.S.Oil / Apr 8

S.S.Oil Mills Limited(SSOM)

150.24

▲ 13.66 (10%)

Philip Morris Pak. / Apr 8

Philip Morris (Pakistan) Limited(PMPK)

1,188.20

▲ 108.02 (10%)

ZIL Limited / Apr 8

ZIL Limited(ZIL)

222.20

▲ 20.2 (10%)

PIA Holding Co.B / Apr 8

PIA Holding Company Limited B(PIAHCLB)

1,063.81

▲ 96.71 (10%)

Stock Price

Oilboy Energy(R) / Apr 8

Oilboy Energy Limited(R)(OBOYR2)

2.79

▼ -0.44 (-13.62%)

NBP PGETF / Apr 8

NBP Pakistan Growth Exchange Traded Fund(NBPGETF)

23.25

▼ -2.93 (-11.19%)

Blue-Ex Ltd / Apr 8

Blue-Ex Limited (GEM)(GEMBLUEX)

54.27

▼ -6.03 (-10%)

Idrees Tex. / Apr 8

Idrees Textile Mills Limited(IDRT)

19.36

▼ -2.15 (-10%)

Sindh Abadgar / Apr 8

Sindh Abadgar's Sugar Mills Limited(SASML)

52.50

▼ -5.83 (-9.99%)

Ali Asghar / Apr 8

Ali Asghar Textile Mills Limited(AATM)

43

▼ -4.72 (-9.89%)

Ashfaq Textile / Apr 8

Ashfaq Textile Mills Limited(ASHT)

12.95

▼ -1.4 (-9.76%)

Khyber Textile / Apr 8

Khyber Textile Mills Limited(KHYT)

437

▼ -46.13 (-9.55%)

Grays Leasing / Apr 8

Grays Leasing Limited(GRYL)

4.50

▼ -0.45 (-9.09%)

Al-Khair Gadoon / Apr 8

Al-Khair Gadoon Limited(AKGL)

41

▼ -4.1 (-9.09%)

Stock Volume

Cnergyico PK / Apr 8

Cnergyico PK Limited(CNERGY)

72,721,994

▲ 0.66

WorldCall Telecom / Apr 8

Worldcall Telecom Limited(WTL)

55,274,278

▲ 0.04

B.O.Punjab / Apr 8

The Bank of Punjab(BOP)

34,156,511

▲ 0.22

Pak Elektron / Apr 8

Pak Elektron Limited(PAEL)

33,484,190

▲ 0.34

Maple Leaf Cement / Apr 8

Maple Leaf Cement Factory Limited(MLCF)

33,262,071

▲ 1.69

Bank Al-Falah / Apr 8

Bank Alfalah Limited(BAFL)

28,162,606

▲ 2.22

Pak Int.Bulk / Apr 8

Pakistan International Bulk Terminal(PIBTL)

28,028,542

▲ 0.42

K-Electric Ltd. / Apr 8

K-Electric Limited(KEL)

23,938,102

▲ 0.12

Sui South Gas / Apr 8

Sui Southern Gas Company Limited(SSGC)

19,784,658

▲ 0.89

Fauji Cement / Apr 8

Fauji Cement Company Limited(FCCL)

16,903,951

▲ 0.91

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