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Print - 2010-08-31
Profit after tax of Service Industries increases

Profit after tax of Service Industries increases

The profit after tax of Service Industries Limited has increased to Rs 233.577 million in the half year period ended on June 30, 2010 as compared to Rs 196.675 million earned in the corresponding period in 2009. The board of directors of the company, in i
Published 31 Aug, 2010 12:00am
Profit after tax of Service Industries increases

Profit after tax of Service Industries increases

The profit after tax of Service Industries Limited has increased to Rs 233.577 million in the half year period ended on June 30, 2010 as compared to Rs 196.675 million earned in the corresponding period in 2009. The board of directors of the company, in i
Published 31 Aug, 2010 12:00am
NIB Bank posts Rs 1,944.486 million loss after tax

NIB Bank posts Rs 1,944.486 million loss after tax

NIB Bank has posted Rs 1,944.486 million as loss after tax in the half year period ended on June 30, 2010 as compared to profit after tax of Rs 579.913 million, earned in the corresponding period in 2009. The board of directors of the bank, in its meeting
Published 31 Aug, 2010 12:00am
NIB Bank posts Rs 1,944.486 million loss after tax

NIB Bank posts Rs 1,944.486 million loss after tax

NIB Bank has posted Rs 1,944.486 million as loss after tax in the half year period ended on June 30, 2010 as compared to profit after tax of Rs 579.913 million, earned in the corresponding period in 2009. The board of directors of the bank, in its meeting
Published 31 Aug, 2010 12:00am
Cabinet to discuss world community's response on September 1

Cabinet to discuss world community's response on September 1

The Federal Cabinet, which is scheduled to meet on Wednesday (tomorrow) with Prime Minister Syed Yousuf Raza Gilani in the chair, will discuss a 17-point agenda including matters pertaining to floods and the response of international community to the deva
Published 31 Aug, 2010 12:00am
Ulema launch fund-raising campaign

Ulema launch fund-raising campaign

World United Ulema-o-Mashaikh Council Monday announced to visit different countries of the world for raising of donations for flood affected people and urged the world community for generous donations and provision of assistance in reconstruction and reha
Published 31 Aug, 2010 12:00am
The Weather

The Weather

The weather report on Monday (August 30, 2010) and the forecast for Tuesday (August 31, 2010).

Published 31 Aug, 2010 12:00am
UNEP chief donates prize money

UNEP chief donates prize money

The head of the United Nations Environment Programme (UNEP) has donated 70,000 dollars from an international leadership prize to flood relief efforts in Pakistan, the agency said Monday. Sweden's Tallberg Foundation awarded Achim Steiner the prize for "pr
Published 31 Aug, 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 31 Aug, 2010 12:00am
Kashf Foundation dispatches relief package

Kashf Foundation dispatches relief package

Kashf Foundation has been dispatching a relief package for 10,000 flood affected families to flood stricken areas of Charsadda, Nowshera, Muzaffargarh and Dera Ghazi Khan. Managing Director Kashf Foundation Roshaneh Zafar dispatched the first consignment
Published 31 Aug, 2010 12:00am
Australia urged to help rebuild food production

Australia urged to help rebuild food production

Punjab Board of Investment and Trade (PBIT) has appealed to Australia's agricultural industries to assist in the rebuilding of food production in flood-affected areas of Pakistan. According to the spokesperson of the PBIT the initiative was taken during t
Published 31 Aug, 2010 12:00am
PEF partner schools' 600,000 pupils affected in Southern Punjab

PEF partner schools' 600,000 pupils affected in Southern Punjab

The Managing Director PEF Mohyuddin Ahmad Wani has said that more than 6 hundred thousand students are studying in PEF partner schools in the Southern region of Punjab, which have been affected due to the flood. He also said that according to the initial
Published 31 Aug, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 31 Aug, 2010 12:00am
Shahbaz for separate body for damages' assessment

Shahbaz for separate body for damages' assessment

Punjab Chief Minister Shahbaz Sharif has proposed for a separate committee for the assessment of the damages in the villages caused by River Chanab. He expressed these views while presiding over a meeting of Provincial Disaster Management Authority here o
Published 31 Aug, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 31 Aug, 2010 12:00am
KPC delegation expresses grief

KPC delegation expresses grief

A senior delegation of Kuwait Petroleum Corporation (KPC) had one day visit to Pakistan last week just to express heartfelt distress on the recent flood calamity in Pakistan. In a meeting with PSO, KPC delegation tendered their flexibility to review Pakis
Published 31 Aug, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 30, 2010).

Published 31 Aug, 2010 12:00am
Another medical team leaves for Mianwali

Another medical team leaves for Mianwali

Another medical team of Sir Ganga Ram Hospital comprising gynecologists and para-medical staff has left for Mianwali for providing treatment facilities to the flood affected people. The medical team is also carrying medicines and surgical instruments alon
Published 31 Aug, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (August 30, 2010) and for Tuesday (August 31, 2010)
Published 31 Aug, 2010 12:00am
Monsanto donates Rs 4.3 million more to WFP

Monsanto donates Rs 4.3 million more to WFP

The Monsanto Fund has donated an additional amount of Rs 4.3 million to the World Food Programme (WFP) to support relief work for the flood victims in Pakistan. According to a press release issued here on Monday, the World Food Programme (WFP) is actively
Published 31 Aug, 2010 12:00am
KSE management, staff donate one day's salary

KSE management, staff donate one day's salary

The Karachi Stock Exchange (KSE) Management and staff has contributed one day's salary and additional donations towards the on-going relief efforts related to the devastation caused by the recent floods in the country. According to a press release issued
Published 31 Aug, 2010 12:00am
Turkmen President signs decree to help Pakistan

Turkmen President signs decree to help Pakistan

President of Turkmenistan Gurbanguly Berdimuhamedov has signed a decree on rendering humanitarian aid to the people of Pakistan who have suffered from natural disaster. According to an official document, the Ministries of Trade and Economic Affairs, Healt
Published 31 Aug, 2010 12:00am
Kerry warns of instability in Pakistan

Kerry warns of instability in Pakistan

Flood-stricken Pakistan urgently needs more international aid to combat potential instability and extremism, influential US Senator John Kerry said, as hunger and disease threaten millions of victims.
Published 31 Aug, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 30, 2010).

Published 31 Aug, 2010 12:00am
Water inflow in four rivers falls to 316,000 cusecs

Water inflow in four rivers falls to 316,000 cusecs

After four days of dry weather, river inflow in the four live rivers has fallen to mere 316,000 cusecs in the upper regions, indicating that the flood situation may become normal after a week across the country, though it might take years to mitigate effe
Published 31 Aug, 2010 12:00am
APPMA hands over another consignment of relief goods

APPMA hands over another consignment of relief goods

All Pakistan Paper Merchants Association (APPMA) has handed over another consignment of relief goods for flood affected people to Pakistan Air Force (PAF) The relief consignment comprises of rice, tea, milk, pulses, cooking oil, Atta, spices etc Talking t
Published 31 Aug, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (August 30, 2010).

Published 31 Aug, 2010 12:00am
Aman Foundation treats over 5,000 survivors

Aman Foundation treats over 5,000 survivors

Supporting Karachi Electric Supply Company's flood relief activities, the Aman Foundation has deputed 15 personnel, including doctors and nurses, and four state-of-the-art ambulances in Thatta district. The paramedic personnel of the Aman Foundation in Th
Published 31 Aug, 2010 12:00am
Maybank, MCB's flood relief initiatives

Maybank, MCB's flood relief initiatives

To provide relief to the communities affected by the recent floods in Pakistan, MCB Bank Limited and their Malaysian shareholders, Maybank (Malayan Banking Berhad) have taken major initiatives. Maybank, having 20 percent stake in MCB Bank, has launched a
Published 31 Aug, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (August 30, 2010).

Published 31 Aug, 2010 12:00am
Officials asked to remain alert, vigilant

Officials asked to remain alert, vigilant

District Administrator Tando Muhammad Khan, Ali Muhammad Lund has directed the engineers, volunteer workers not to leave the river embankments till the receding in river flow does not come down to 4 lac (0.4 million) cusecs. This he directed while visitin
Published 31 Aug, 2010 12:00am
OGDCL to distribute 225 tons of dry rations

OGDCL to distribute 225 tons of dry rations

Oil & Gas Development Company Limited (OGDCL) will distribute 225 tons of dry rations among 7,500 families for 15 days at the cost of Rs 19.95 million. The amount has been paid to MD Utility Store Head Office, Islamabad. Earlier OGDCL had contributed Rs 2
Published 31 Aug, 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 Monday (August 30, 2010).

Published 31 Aug, 2010 12:00am
PRCS providing relief goods, services

PRCS providing relief goods, services

The Pakistan Red Crescent Society (PRCS), in collaboration with International Federation of Red Crescent (IFRC) and International Community of Red Crescent (ICRC), is providing assistance to over 0.3 million households and, so far, has reached 2.1 million
Published 31 Aug, 2010 12:00am
CDGK starts makeshift schools in relief camps

CDGK starts makeshift schools in relief camps

In an effort to save the flood affected children from further education losses, the City District Government Karachi (CDGK) has started opening makeshift schools in the relief camps established across the city, Business Recorder learnt Monday. Acco
Published 31 Aug, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (August 30, 2010).

Published 31 Aug, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (August 30, 2010).

Published 31 Aug, 2010 12:00am
US to launch 'Gender Equity Grants Programme'

US to launch 'Gender Equity Grants Programme'

The US will launch a new $40 million 'Gender Equity Grants Program' in Pakistan to advance women's human rights and support Government of Pakistan's policies against gender inequities. "The US and Pakistan are focused on empowering women and advancing wom
Published 31 Aug, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (August 30, 2010).

Published 31 Aug, 2010 12:00am
Border firefight, fresh violence in IoK

Border firefight, fresh violence in IoK

Indian occupation troops killed six suspected militants as they tried to cross border with Pakistan that divides the volatile region of Kashmir, the occupation army said on Monday. "The occupation army has foiled a major infiltration attempt by killing si
Published 31 Aug, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (August 30, 2010).

Published 31 Aug, 2010 12:00am
Extension of summer vacations: LHC adjourns proceedings

Extension of summer vacations: LHC adjourns proceedings

The Lahore High Court (LHC) here Monday directed petitioner to submit his reply to a report submitted by Secretary Education and adjourned the proceedings filed by All Pakistan Private Schools Welfare Association against extending of summer vacations. Ear
Published 31 Aug, 2010 12:00am
EPZ units: KESC accused of illegally charging WHT

EPZ units: KESC accused of illegally charging WHT

The Export Processing Zone Authority (EPZA) has accused the Karachi Electric Supply Company (KESC) of charging inadmissible withholding tax on electricity bills of some 59 units operating in Karachi Export Processing Zone (KEPZ).
Published 31 Aug, 2010 12:00am
'Women to be encouraged to join mainstream economy'

'Women to be encouraged to join mainstream economy'

The country could witness an economic turnaround with a greater speed in these challenging times if the women, that are more than half of the country's total population, are encouraged to join the mainstream economy. Their participation in business will c
Published 31 Aug, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 30, 2010).

Published 31 Aug, 2010 12:00am
Essential Services Act only for PIA cockpit crew

Essential Services Act only for PIA cockpit crew

PIA Management has assured the 530 pilots and First Officers of the airline that their entitlements, perks, benefits and emolument shall not be affected by the implementation of the Essential Services (Maintenance) ACT 1952, PIA spokesman said on Monday.
Published 31 Aug, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 30, 2010).

Published 31 Aug, 2010 12:00am
Public-Private Partnership law promulgated in Punjab

Public-Private Partnership law promulgated in Punjab

The Punjab government, under Punjab Resource Management Programme (PRMP), has developed Public Private Partnership for infrastructure Act 2010 and PPP Policy to provide the regulatory framework to undertake projects under PPP mode.
Published 31 Aug, 2010 12:00am
Letter to Prime Minister: PCGA seeks cut in power tariff

Letter to Prime Minister: PCGA seeks cut in power tariff

The flood affected Pakistan Cotton Ginners' Association (PCGA) has approached Prime Minister Yousaf Raza Gilani for reduction in electricity tariff, which is hurting the industry, official sources told Business Recorder.
Published 31 Aug, 2010 12:00am
Pakistan to renegotiate APPIs with Australia and Egypt

Pakistan to renegotiate APPIs with Australia and Egypt

Pakistan is to renegotiate Agreements on Promotion and Protection of Investments (APPIs) with Australia and Egypt which are expected to help flow of investment from these countries, official sources told Business Recorder.
Published 31 Aug, 2010 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

Minor changes were seen on the currency market on Monday as dollars' easy supply did not allow the rupee to move sharply versus the US currency, dealers said.
Published 31 Aug, 2010 12:00am
Crime rate in Islamabad on the rise

Crime rate in Islamabad on the rise

Federal capital has witnessed increase in crime rate during the last week as seven people, including two women were killed, five cars and five motorcycles were stolen and many people were deprived of Rs 3.4 million in ten incidents of robberies and thefts
Published 31 Aug, 2010 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

Minor changes were seen on the currency market on Monday as dollars' easy supply did not allow the rupee to move sharply versus the US currency, dealers said.
Published 31 Aug, 2010 12:00am
Chinese locomotives deal: previous government issued LoI, says Bilour

Chinese locomotives deal: previous government issued LoI, says Bilour

Federal Minister for Pakistan Railway, Haji Ghulam Ahmad Bilour on Monday said that the letter of intent (LoI) for the Chinese locomotives deal with was issued during the tenure of the previous government. The Chinese firm had threatened to go into litiga
Published 31 Aug, 2010 12:00am
FBR collects Rs 84 billion till August 28

FBR collects Rs 84 billion till August 28

The Federal Board of Revenue has provisionally collected nearly Rs 84 billion upto August 28 as compared to Rs 75 billion in the corresponding period last fiscal year, reflecting an increase of Rs 9 billion. The current pace of revenue collection in Augus
Published 31 Aug, 2010 12:00am
Eid-ul-Fitr: HBL officers demand bonus, salary raise

Eid-ul-Fitr: HBL officers demand bonus, salary raise

All Pakistan Habib Bank Officers Association has urged the bank administration to pay a bonus equal to one month salary to the staff on the occasion of Eid-ul-Fitr. In a joint statement issued here Monday, central leaders of the association Farooq Khawaja
Published 31 Aug, 2010 12:00am
Match-fixing probe: FIA team ready to leave for London

Match-fixing probe: FIA team ready to leave for London

A three-member team of Federal Investigation Agency (FIA) is ready to leave for London to investigate the allegations regarding the involvement of Pakistan cricketers in spot fixing of the fourth cricket Test match against England at Lords.
Published 31 Aug, 2010 12:00am
National Assembly body demands immediate dissolution of PCB

National Assembly body demands immediate dissolution of PCB

National Assembly standing committee on sports, while condemning the alleged involvement of Pakistani cricketers in match-fixing, has demanded of the government to immediately dissolve the Pakistan Cricket Board (PCB), otherwise "the Committee would tende
Published 31 Aug, 2010 12:00am
Punjab University AS&RB meeting held

Punjab University AS&RB meeting held

A meeting of Punjab University Advanced Studies and Research Board (AS&RB) was held under the chairmanship of Vice-Chancellor Professor Dr Mujahid Kamran in his office here on Monday which solved cases of PhD scholars sent for review in the Board by PU de
Published 31 Aug, 2010 12:00am
PSO denies allegations by TI Pakistan

PSO denies allegations by TI Pakistan

Apropos a news item in Business Recorder dated August 29, 2010 titled, 'PSO awarded illegal contract to security firm: TI Pakistan' the company categorically denies these allegations laid by Transparency International Pakistan. The statement that P
Published 31 Aug, 2010 12:00am
Shopkeepers violating CDGK price lists

Shopkeepers violating CDGK price lists

Taking advantage of the situation, shopkeepers are violating price lists issued by the City District Government Karachi (CDGK) to keep a check on the commodities' price, because the concerned officials are unable to keep vigilance on the market activities
Published 31 Aug, 2010 12:00am
Call for ensuring transparent distribution of Zakat, Ushr

Call for ensuring transparent distribution of Zakat, Ushr

Senior Advisor to Chief Minister Punjab, Sardar Zulfiqar Ali Khan Khosa has directed the officials of Zakat and Ushr as well as Law Departments to finalise the proposed draft of amendments in the existing Zakat and Ushr laws at the earliest.
Published 31 Aug, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Aug, 2010 12:00am
Ahsan Bashir elected Chairman Aptma Punjab unopposed

Ahsan Bashir elected Chairman Aptma Punjab unopposed

Businessmen Council bagged sweeping victory in All Pakistan Textile Mills Association (Aptma) Punjab elections for 2010-11, as its nominee Ahsan Bashir was announced as elected unopposed after withdrawal of papers from the opposition.
Published 31 Aug, 2010 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 31 Aug, 2010 12:00am
World Bank review mission to visit FBR from September 14-28

World Bank review mission to visit FBR from September 14-28

A World Bank (WB) review mission will visit the Federal Board of Revenue (FBR) from September 14 to 28, 2010 to review progress on the Tax Administration Reform Project (TARP), particularly the issues relating to data warehouse, FBR Information Management
Published 31 Aug, 2010 12:00am
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