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Print - 2010-09-03
The Weather

The Weather

The weather report on Thursday (September 02, 2010) and the forecast for Friday (September 03, 2010).

Published 03 Sep, 2010 12:00am
TDAP donates Rs 2.35 million

TDAP donates Rs 2.35 million

The officers and staff of Trade Development Authority of Pakistan (TDAP), deeply touched and grieved over the huge human loss and displacement due to unprecedented floods in the country have contributed about Rs 2.35 million towards Prime Minister's Flood
Published 03 Sep, 2010 12:00am
PPL distributes relief goods

PPL distributes relief goods

Pakistan Petroleum Limited (PPL) Managing Director and Chief Executive Officer Kha1id Rahman and other senior officers of the company recently visited flood-affected areas to oversee the company's relief efforts and distributed dry food packages among the
Published 03 Sep, 2010 12:00am
Flood hits Jati taluka, causes destruction

Flood hits Jati taluka, causes destruction

A strong current of floodwater, gushing out from Molchand Surjani (MS) embankment, hit hard Jati, a taluka of District Thatta, after causing devastations in Sujawal City, on Thursday. Thousands of people have stranded in and around Jati town and scramblin
Published 03 Sep, 2010 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 03 Sep, 2010 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 03 Sep, 2010 12:00am
Mobilink expanding outreach of its relief efforts

Mobilink expanding outreach of its relief efforts

Mobilink is rapidly expanding the outreach of its flood relief efforts and continues to deliver healthy food and basic necessities to flood victims across the country. The efforts are being channelled through the Mobilink Foundation using the Rs 85 millio
Published 03 Sep, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
DTCE starts first phase of flood relief activity

DTCE starts first phase of flood relief activity

The Devolution Trust for Community Empowerment (DTCE) under the umbrella of Jeevay Pakistan Jeevay Maqami Hakoomat on Thursday started first phase of its flood relief activity from Prang Union Council, Charsadda and distributed food items among the most d
Published 03 Sep, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
'One million affected families are beneficiaries of BISP'

'One million affected families are beneficiaries of BISP'

Six million (one million families) out of 20 million affected by the devastating floods in Pakistan are beneficiaries of Benazir Income Support Programme (BISP), informed sources revealed exclusively to Business Recorder. These one million families
Published 03 Sep, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (September 02, 2010) and for Friday (September 03, 2010)
Published 03 Sep, 2010 12:00am
SEC investigating cancelled trades

SEC investigating cancelled trades

The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to The Wall Street Journal. The SEC is investigating the practice called "quote stuffing" where
Published 03 Sep, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
SEC investigating cancelled trades

SEC investigating cancelled trades

The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to The Wall Street Journal. The SEC is investigating the practice called "quote stuffing" where
Published 03 Sep, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
SEC investigating cancelled trades

SEC investigating cancelled trades

The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to The Wall Street Journal. The SEC is investigating the practice called "quote stuffing" where
Published 03 Sep, 2010 12:00am
Son-in-law of Justice Asad shot at, injured

Son-in-law of Justice Asad shot at, injured

The son-in-law of Justice Lahore High Court, Rawalpindi Bench Asad Munir was shot at and injured by motorcyclists near Mini Market, Gulberg here on Thursday. Police said Mohsin along with his wife was going to his in-laws house at 24-S Gulberg by a car fo
Published 03 Sep, 2010 12:00am
Son-in-law of Justice Asad shot at, injured

Son-in-law of Justice Asad shot at, injured

The son-in-law of Justice Lahore High Court, Rawalpindi Bench Asad Munir was shot at and injured by motorcyclists near Mini Market, Gulberg here on Thursday. Police said Mohsin along with his wife was going to his in-laws house at 24-S Gulberg by a car fo
Published 03 Sep, 2010 12:00am
THE RUPEE: dollar recedes

THE RUPEE: dollar recedes

The rupee appreciated against dollar, it, however, lost its value versus euro on the currency market on Thursday, dealers said. The rupee inched up by two paisa versus dollar for buying at 85.60 and it also gained one paisa for selling at 85.64, they said
Published 03 Sep, 2010 12:00am
Pakistan''s foreign exchange reserves rise to $16.12 billion

Pakistan''s foreign exchange reserves rise to $16.12 billion

Foreign exchange reserves rose to $16.12 billion in the week ending on August 27, from $16.11 billion a week earlier, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) rose to $12.37 billion from $12.35 billion, while th
Published 03 Sep, 2010 12:00am
THE RUPEE: dollar recedes

THE RUPEE: dollar recedes

The rupee appreciated against dollar, it, however, lost its value versus euro on the currency market on Thursday, dealers said. The rupee inched up by two paisa versus dollar for buying at 85.60 and it also gained one paisa for selling at 85.64, they said
Published 03 Sep, 2010 12:00am
Pakistan's foreign exchange reserves rise to $16.12 billion

Pakistan's foreign exchange reserves rise to $16.12 billion

Foreign exchange reserves rose to $16.12 billion in the week ending on August 27, from $16.11 billion a week earlier, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) rose to $12.37 billion from $12.35 billion, while th
Published 03 Sep, 2010 12:00am
Pakistan's foreign exchange reserves rise to $16.12 billion

Pakistan's foreign exchange reserves rise to $16.12 billion

Foreign exchange reserves rose to $16.12 billion in the week ending on August 27, from $16.11 billion a week earlier, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) rose to $12.37 billion from $12.35 billion, while th
Published 03 Sep, 2010 12:00am
Nations meet on climate cash, UN sees long haul

Nations meet on climate cash, UN sees long haul

About 45 nations met on Thursday to seek ways to raise billions of dollars in aid to help the poor combat climate change as the United Nations warned them of a long haul to slow global warming. Environment ministers and senior officials in Geneva were rev
Published 03 Sep, 2010 12:00am
Nations meet on climate cash, UN sees long haul

Nations meet on climate cash, UN sees long haul

About 45 nations met on Thursday to seek ways to raise billions of dollars in aid to help the poor combat climate change as the United Nations warned them of a long haul to slow global warming. Environment ministers and senior officials in Geneva were rev
Published 03 Sep, 2010 12:00am
National Assembly session begins with no word on floods

National Assembly session begins with no word on floods

Although, the treasury as well as Opposition members of the National Assembly spent two hours, they were not able to take a decision on the list of items to be made part of the agenda for the session. They did not even utter a single word on the devastati
Published 03 Sep, 2010 12:00am
National Assembly session begins with no word on floods

National Assembly session begins with no word on floods

Although, the treasury as well as Opposition members of the National Assembly spent two hours, they were not able to take a decision on the list of items to be made part of the agenda for the session. They did not even utter a single word on the devastati
Published 03 Sep, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (September 02, 2010).

Published 03 Sep, 2010 12:00am
Eid holidays

Eid holidays

Prime Minister Yousuf Raza Gilani has approved four days official holidays for Eid-ul-Fitr celebrations. According to a press release issued here on Thursday the holidays would commence from September 10 to 13th. The prime minister urged the nation not to
Published 03 Sep, 2010 12:00am
Eid holidays

Eid holidays

Prime Minister Yousuf Raza Gilani has approved four days official holidays for Eid-ul-Fitr celebrations. According to a press release issued here on Thursday the holidays would commence from September 10 to 13th. The prime minister urged the nation not to
Published 03 Sep, 2010 12:00am
Atif Bajwa new President, CEO Soneri Bank

Atif Bajwa new President, CEO Soneri Bank

Soneri Bank''s Board of Directors is pleased to announce the appointment of Atif Bajwa as the new President and Chief Executive Officer of the bank. He will be taking over from Safar Ali K Lakhani who will retire after serving for 19 years as the Presiden
Published 03 Sep, 2010 12:00am
Atif Bajwa new President, CEO Soneri Bank

Atif Bajwa new President, CEO Soneri Bank

Soneri Bank's Board of Directors is pleased to announce the appointment of Atif Bajwa as the new President and Chief Executive Officer of the bank. He will be taking over from Safar Ali K Lakhani who will retire after serving for 19 years as the President
Published 03 Sep, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Sep, 2010 12:00am
Atif Bajwa new President, CEO Soneri Bank

Atif Bajwa new President, CEO Soneri Bank

Soneri Bank's Board of Directors is pleased to announce the appointment of Atif Bajwa as the new President and Chief Executive Officer of the bank. He will be taking over from Safar Ali K Lakhani who will retire after serving for 19 years as the President
Published 03 Sep, 2010 12:00am
Board meetings in progress

Board meetings in progress

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

Published 03 Sep, 2010 12:00am
Few signs of an impending run on Kabul Bank

Few signs of an impending run on Kabul Bank

Larger than usual crowds gathered to withdraw funds from Afghanistan''s largest bank Thursday, but there was little sign that questions surrounding its viability had sparked a major panic. After the bank''s two top executives resigned amid allegations of
Published 03 Sep, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Sep, 2010 12:00am
Few signs of an impending run on Kabul Bank

Few signs of an impending run on Kabul Bank

Larger than usual crowds gathered to withdraw funds from Afghanistan's largest bank Thursday, but there was little sign that questions surrounding its viability had sparked a major panic. After the bank's two top executives resigned amid allegations of mi
Published 03 Sep, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Sep, 2010 12:00am
Few signs of an impending run on Kabul Bank

Few signs of an impending run on Kabul Bank

Larger than usual crowds gathered to withdraw funds from Afghanistan's largest bank Thursday, but there was little sign that questions surrounding its viability had sparked a major panic. After the bank's two top executives resigned amid allegations of mi
Published 03 Sep, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Sep, 2010 12:00am
Rules flouted in OGDCL appointments

Rules flouted in OGDCL appointments

Rules and regulations pertaining to appointments are being flouted by Oil and Gas Development Company Limited (OGDCL) to fill two key vacant posts in legal wing, Business Recorder has learnt reliably. Sources revealed that Human Resource Committee
Published 03 Sep, 2010 12:00am
Rules flouted in OGDCL appointments

Rules flouted in OGDCL appointments

Rules and regulations pertaining to appointments are being flouted by Oil and Gas Development Company Limited (OGDCL) to fill two key vacant posts in legal wing, Business Recorder has learnt reliably. Sources revealed that Human Resource Committee
Published 03 Sep, 2010 12:00am
Rules flouted in OGDCL appointments

Rules flouted in OGDCL appointments

Rules and regulations pertaining to appointments are being flouted by Oil and Gas Development Company Limited (OGDCL) to fill two key vacant posts in legal wing, Business Recorder has learnt reliably. Sources revealed that Human Resource Committee
Published 03 Sep, 2010 12:00am
US sorry over 'mistreatment' of military team

US sorry over 'mistreatment' of military team

The United States has apologised to Pakistan over "mistreatment" of a Pakistani military delegation at a US airport this week, the Pakistani defence ministry said Friday. US under-secretary of state for defence Michelle Flournoy apologised during a teleph
Published 03 Sep, 2010 12:00am
US sorry over 'mistreatment' of military team

US sorry over 'mistreatment' of military team

The United States has apologised to Pakistan over "mistreatment" of a Pakistani military delegation at a US airport this week, the Pakistani defence ministry said Friday. US under-secretary of state for defence Michelle Flournoy apologised during a teleph
Published 03 Sep, 2010 12:00am
China says reports of troops in Pakistan wrong

China says reports of troops in Pakistan wrong

China on Thursday dismissed reports saying troops of the People's Liberation Army are in Gilgit-Baltistan. The International Herald Tribune, the global edition of The New York Times, ran an opinion piece last week that said up to 11,000 soldiers of the Pe
Published 03 Sep, 2010 12:00am
China says reports of troops in Pakistan wrong

China says reports of troops in Pakistan wrong

China on Thursday dismissed reports saying troops of the People's Liberation Army are in Gilgit-Baltistan. The International Herald Tribune, the global edition of The New York Times, ran an opinion piece last week that said up to 11,000 soldiers of the Pe
Published 03 Sep, 2010 12:00am
OIC asks Muslims to tithe for Pakistan

OIC asks Muslims to tithe for Pakistan

The Organisation of the Islamic Conference on Thursday appealed to Muslims everywhere to direct their zakat tithes to relief for flood-wracked Pakistan. The Jeddah-based pan-Islamic organisation, together with the OIC-sponsored International Islamic Fiqh
Published 03 Sep, 2010 12:00am
Butt, Asif, Aamer suspended by ICC

Butt, Asif, Aamer suspended by ICC

The International Cricket Council said Thursday it has provisionally suspended the three Pakistan players accused of involvement in a betting scam. In a statement on its website, the ICC said it had charged Test captain Salman Butt and bowlers Mohammad Aa
Published 03 Sep, 2010 12:00am
Over 49 million Americans 'food insecure': study

Over 49 million Americans 'food insecure': study

More than 49 million people in the United States do not have regular access to nutritious meals, putting them at risk for a raft of physical, psychological and social problems, a report said Thursday. Nearly 15 percent of households in the United States,
Published 03 Sep, 2010 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 04.46 points as the ISE Ten Index moved from 2,512.17
Published 03 Sep, 2010 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 04.46 points as the ISE Ten Index moved from 2,512.17
Published 03 Sep, 2010 12:00am
LSE index gains 16.15 points

LSE index gains 16.15 points

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday where equities registered gains amid decreased trading turnover because of the investors' conscious approach. The LSE-25 index gained 16.15 points and was closed at 3090.62 agains
Published 03 Sep, 2010 12:00am
LSE index gains 16.15 points

LSE index gains 16.15 points

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday where equities registered gains amid decreased trading turnover because of the investors' conscious approach. The LSE-25 index gained 16.15 points and was closed at 3090.62 agains
Published 03 Sep, 2010 12:00am