News Archives for Print - 2010-09-14 - Business Recorder

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Print - 2010-09-14

Trading on cotton market sustains despite high prices; rates, volumes remain range bound in shortened week

Trading on cotton market sustains despite high prices; rates, volumes remain range bound in shortened week

Trading in cotton sustained despite firmer prices world-wide as spot rate indicated on the opening day at Rs 6400 per maund. Prices in ready business and the of take fluctuated moderately and sot rate remained pegged at Rs 6400. At Least for the next four

Published 14 Sep, 2010 12:00am

Trading on cotton market sustains despite high prices; rates, volumes remain range bound in shortened week

Trading on cotton market sustains despite high prices; rates, volumes remain range bound in shortened week

Trading in cotton sustained despite firmer prices world-wide as spot rate indicated on the opening day at Rs 6400 per maund. Prices in ready business and the of take fluctuated moderately and sot rate remained pegged at Rs 6400. At Least for the next four

Published 14 Sep, 2010 12:00am

Minister meets Pope Benedict XVI

Minister meets Pope Benedict XVI

Federal Minister for Minorities Affairs Shahbaz Bhatti met with Pope Benedict XVI at the Apostolic Palace of Castle Gandolfo. In the meeting the Pope said, "the flood affected persons were very close to my heart and we stand in solidarity with Pakistan. W

Published 14 Sep, 2010 12:00am

Mobile phone jammers being installed in Balochistan jails

Mobile phone jammers being installed in Balochistan jails

The provincial government has sanctioned six million rupees for installation of mobile phone jammers in Balochistan's prisons. Sources said on Monday that on first day of Eid-ul-Fitr, a prisoner identified as Abdullah was killed and another identified as

Published 14 Sep, 2010 12:00am

Bid to smuggle 4kg heroin foiled

Bid to smuggle 4kg heroin foiled

Drug Enforcement Cell (DEC) of Pakistan Customs on Monday foiled attempt to smuggle four kilogram contraband heroin worth Rs 1 billion from suitcase of Italy bound Pakistani passenger at Jinnah International Airport.

Published 14 Sep, 2010 12:00am

Greater Karachi Sewerage Plan III: local government seems toothless in retrieving land

Greater Karachi Sewerage Plan III: local government seems toothless in retrieving land

The local government has appeared toothless in recuperating encroached land reserved for Greater Karachi Sewerage Plan III (GKSP-III) because of political influence, Business Recorder learnt. According to sources, the construction work on GKSP-III,

Published 14 Sep, 2010 12:00am

100 percent rise in mobile phones import in July

100 percent rise in mobile phones import in July

Import of mobile phones mounted by 100 percent during July this year, as the demand for low-cost multi-purposed Chinese handsets continued to grow, dealers said on Monday. Import of mobile phones has already outnumbered the country's total import of cellu

Published 14 Sep, 2010 12:00am

Dry weather forecast for Quetta

Dry weather forecast for Quetta

The Met Office has forecast a dry weather for the city on Tuesday with the maximum temperature expected to range between 34 C and 36 C. Hot and dry weather has bbeen forecast for the rest of the region. On Monday, the highest temperature of 44 C was recor

Published 14 Sep, 2010 12:00am

Pakistan Agency renews partnership with Visa, UBL

Pakistan Agency renews partnership with Visa, UBL

Visa Inc (NYSE-V) announced that it has again partnered with United Bank Limited Pakistan (UBL) and local Pakistani agencies to help distribute relief funds to 2 million families affected by the floods. The Watan Visa prepaid debit card, funded by the Pak

Published 14 Sep, 2010 12:00am

Dacoit killed in encounter

Dacoit killed in encounter

A dacoit was killed in an encounter with police in Ahsanabad in the limits of Sohrab Goth police station on Monday night, police sources said. Sohrab Goth Station House Officer (SHO) told Business Recorder that a police party was patrolling in the

Published 14 Sep, 2010 12:00am

'Capital police ensure security arrangements on eve of Eid'

'Capital police ensure security arrangements on eve of Eid'

Islamabad police ensured foolproof security arrangements on the eve of Eidul Fitr in Capital by making round the clock vigilance and patrolling to protect lives and property of the citizens. The Anti-Terrorist Squad (ATS) and Islamabad Police personnel he

Published 14 Sep, 2010 12:00am

No loadshedding on Eid: KESC fails to honour its commitment

No loadshedding on Eid: KESC fails to honour its commitment

Karachi Electric Supply Company (KESC) failed to honour its commitment of no loadshedding for three days of Eid-ul-Fitr as many parts of the city braved hours-long brownouts. The power utility, however, claimed that the breakdowns in different areas were

Published 14 Sep, 2010 12:00am

Accumulated rainwater: large number of people could not offer prayers at Eidgahs

Accumulated rainwater: large number of people could not offer prayers at Eidgahs

This year a large number of Karachiites offered Eid prayers in mosques instead of Eidgahs because of water that accumulated there following heavy rains. Many Keamariites were seen offering the Eid prayers in various mosques instead of KPT Ground, which is

Published 14 Sep, 2010 12:00am

Nato denies shelling across Pakistan border

Nato denies shelling across Pakistan border

The US embassy in Islamabad has denied claims that Nato soldiers in Afghanistan fired mortars across the Pakistan border, killing at least three people. Officials in North Waziristan on Friday claimed shells fired by coalition forces in the Afghan provinc

Published 14 Sep, 2010 12:00am

Bid to blow up Nato tankers foiled; two held

Bid to blow up Nato tankers foiled; two held

The high-profile security arrangements in the Federal Capital by Islamabad Police helped avert a major possible disaster as a terror bid to blow up oil tankers and containers of Nato forces was foiled and two suspected persons arrested.

Published 14 Sep, 2010 12:00am

PIA hiring retired, aged pilots to meet flying staff shortage

PIA hiring retired, aged pilots to meet flying staff shortage

Airlines the world over nurture young talents to overcome shortage of pilots that ensures them long-time availability of flyers, but the Pakistan International Airlines is hiring retired, aged pilots to meet the chronic shortages of flying staff.

Published 14 Sep, 2010 12:00am

'IA reports reveal more suicide attacks to come'

'IA reports reveal more suicide attacks to come'

Minister of state for Interior Affairs Tasnim Qureshi has said intelligence agencies have received reports revealing more suicide attacks across country in a few days to come. Talking to mediamen at his native town of Sargodha on Sunday where he celebrate

Published 14 Sep, 2010 12:00am

Breaching of bunds by landlords: LHC tribunal commences proceedings today

Breaching of bunds by landlords: LHC tribunal commences proceedings today

A three-member inquiry tribunal headed by Justice Syed Mansoor Ali Shah of Lahore High Court will commence its proceedings from Tuesday (today) into breaches of bunds allegedly by influential landlords. Secretary (retired) irrigation & power department Pu

Published 14 Sep, 2010 12:00am

People throng parks, picnic resorts on Eid

People throng parks, picnic resorts on Eid

People in twin cities of Rawalpindi and Islamabad thronged public parks and picnic resorts on the second and third days of Eid to enjoy holidays with their loved ones. These places received extraordinary rush of people on the second and third day of Eid a

Published 14 Sep, 2010 12:00am

Improved coordination between workers, organisation top priority: Samina

Improved coordination between workers, organisation top priority: Samina

The newly-appointed president of Pakistan Peoples Party (PPP) Lahore, Samina Khalid Ghurki on Monday said improvement in co-ordination between party organisation and workers would be her top priority. She, however, termed it a gruesome challenge for herse

Published 14 Sep, 2010 12:00am

Nadra to sponsor research programme in Biometric Technology

Nadra to sponsor research programme in Biometric Technology

National Database and Registration Authority (Nadra) has decided to sponsor a high profile research programme in Bio-metric Technology to be launched in Quaid-e-Azam University (QAU), informed sources in Nadra told Business Recorder on Monday. The

Published 14 Sep, 2010 12:00am

Hague for more foreign aid

Hague for more foreign aid

British Foreign Secretary William Hague has underscored the importance to provide further aid to Pakistan in dealing with the humanitarian crisis arising out of unprecedented floods in the South Asian country which has affected 20 million people.

Published 14 Sep, 2010 12:00am

Participation in Nairobi moot: Punjab government cancels programme to save money for survivors

Participation in Nairobi moot: Punjab government cancels programme to save money for survivors

Punjab Chief Minister, Muhammad Shahbaz Sharif has cancelled the programme of participation of 10 provincial parliamentarians in the Commonwealth Parliament-arians Association conference, to be held at Nairobi (Kenya) and thus, Punjab government has saved

Published 14 Sep, 2010 12:00am

'PPP Punjab dispatches 150 truckloads of relief goods'

'PPP Punjab dispatches 150 truckloads of relief goods'

Secretary General Pakistan Peoples Party (PPP), Jehangir Badar on Monday said PPP Punjab has so far dispatched 150 trucks of relief goods besides collecting Rs 12 million for the flood-affected people. He was talking to media after presiding over PPP Punj

Published 14 Sep, 2010 12:00am

Pakistan confronts worst ever flood in history: minister

Pakistan confronts worst ever flood in history: minister

Khyber Pakhtunkhwa Minister for Law and Parliamentary Affairs Arshad Abdullah has said that Pakistan confronted with a worst ever flood in the history of the world. Addressing an inaugural ceremony of a newly constructed building of Jamia Sayyeda Khunsa a

Published 14 Sep, 2010 12:00am

PAF chief, officials spend Eid with flood survivors

PAF chief, officials spend Eid with flood survivors

Air Chief Marshal, Rao Qamar Suleman, Chief of Air Staff, Pakistan Air Force (PAF), all the Principal Staff Officers (PSOs) from Air Headquarters Islamabad and field commanders spent Eid with the flood-affected brethren at the relief camps run by PAF.

Published 14 Sep, 2010 12:00am

Pakistani students launch donations drive at Peking university

Pakistani students launch donations drive at Peking university

Students of Urdu Department and Pakistan Study Centre at Peking University here launched a campaign for collecting donations for the victims of recent floods in Pakistan. Stalls with pictures of devastation caused by the floods were put on display on the

Published 14 Sep, 2010 12:00am

Iftikhar asks US to assist in rehabilitation

Iftikhar asks US to assist in rehabilitation

US government should provide financial and material support to Pakistan for rehabilitation of the flood affected people, founder Chairman Pak-US Business Council and Vice President SAARC Chamber of Commerce and Industry, Iftikhar Ali Malik said during a m

Published 14 Sep, 2010 12:00am

Musharraf to be welcomed by CJP on return: Prime Minister

Musharraf to be welcomed by CJP on return: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that if former President Pervez Musharraf comes to Pakistan, he will be warmly received by Chief Justice of Pakistan (CJP). Talking to media persons after inquiring the health of PML-N leader, Makhdoom Javed

Published 14 Sep, 2010 12:00am

Prime Minister pledges Rs 0.1 million assistance to each victim losing house

Prime Minister pledges Rs 0.1 million assistance to each victim losing house

Prime Minister Syed Yousuf Raza Gilani pledged that every person whose houses were demolished in floods will get Rs 100,000 assistance without any discrimination, whether he had brick or mud house, hut or a one or two room house. The PM said that the fede

Published 14 Sep, 2010 12:00am

Zardari dismisses concerns about aid misuse

Zardari dismisses concerns about aid misuse

President Asif Ali Zardari has dismissed concerns that international aid to help 20 million people affected by massive flooding could be misused. He told "Financial Times" that his government was stepping up domestic efforts to raise money for flood relie

Published 14 Sep, 2010 12:00am

250,000 telephones, DSLs remain out of order

250,000 telephones, DSLs remain out of order

More than 250,000 PTCL telephones and DSLs are out of order due to the month long country wide PTCL workers' strike despite the PTCL management claim that the workers have ended their strike after reaching an agreement with regard to increase in their sal

Published 14 Sep, 2010 12:00am

Steel silos worth $45 million to be built by Passco

Steel silos worth $45 million to be built by Passco

Pakistan Agricultural Storage and Services Corporation (Passco) has planned to construct steel silos at a cost of $45 million, which will have a capacity of storing 6, 50,000 metric tons of wheat, and 80 percent of the cost will be financed by the Islamic

Published 14 Sep, 2010 12:00am

Worst sugar crisis imminent: emergency meeting on September 16

Worst sugar crisis imminent: emergency meeting on September 16

The country may face worst sugar crisis in coming days as the local sugar stocks, lying with mills across the country, has completely exhausted, it is reliably learnt. The Ministry of Industries and Production (MoI&P), the Ministry of Food and Agriculture

Published 14 Sep, 2010 12:00am

Peace in AJK to be ensured at all costs: Sardar Attique

Peace in AJK to be ensured at all costs: Sardar Attique

Prime Minister of Azad Jammu Kashmir (AJK) Sardar Attique Ahmed Khan has said that any conspiracy being hatched by anti-state elements against the Azad Jammu Kashmir would be foiled in a befitting manner. This he stated while talking to media during his v

Published 14 Sep, 2010 12:00am

CDGL fails to check chicken meat price

CDGL fails to check chicken meat price

Chicken meat was sold up to Rs 270 per kilogram as against the City District Government Lahore's (CDGL) fixed price of Rs 170 per kilogram during the four Eid holidays in the provincial capital. Former Chairman Pakistan Poultry Association (PPA) Abdul Bas

Published 14 Sep, 2010 12:00am

Italy to present UN resolution on religious minorities

Italy to present UN resolution on religious minorities

Italy will present a resolution on the protection of religious minorities at the next United Nations' general assembly, Foreign Minister Franco Frattini said on Monday. "Freedom of religion is a principle that applies to every religion," Frattini said aft

Published 14 Sep, 2010 12:00am

Italy to present UN resolution on religious minorities

Italy to present UN resolution on religious minorities

Italy will present a resolution on the protection of religious minorities at the next United Nations' general assembly, Foreign Minister Franco Frattini said on Monday. "Freedom of religion is a principle that applies to every religion," Frattini said aft

Published 14 Sep, 2010 12:00am

Salman Khan apologises over Mumbai attacks remark

Salman Khan apologises over Mumbai attacks remark

Bollywood actor Salman Khan apologised on Monday after sparking criticism for claiming that the 2008 Mumbai attacks attracted widespread publicity only because the elite were targeted. The actor - who with his namesakes Aamir Khan and Shahrukh Khan is one

Published 14 Sep, 2010 12:00am

Salman Khan apologises over Mumbai attacks remark

Salman Khan apologises over Mumbai attacks remark

Bollywood actor Salman Khan apologised on Monday after sparking criticism for claiming that the 2008 Mumbai attacks attracted widespread publicity only because the elite were targeted. The actor - who with his namesakes Aamir Khan and Shahrukh Khan is one

Published 14 Sep, 2010 12:00am

Refund of fines/penalties: FBR reviewing carpet industry proposals

Refund of fines/penalties: FBR reviewing carpet industry proposals

The Federal Board of Revenue (FBR) is seriously reviewing a proposal of Pakistan Carpet Manufacturers and Exporters Association (PCMEA) to refund fines and penalties collected from carpet exporters during 2008-2010, as these businesses were closed due to

Published 14 Sep, 2010 12:00am

Refund of fines/penalties: FBR reviewing carpet industry proposals

Refund of fines/penalties: FBR reviewing carpet industry proposals

The Federal Board of Revenue (FBR) is seriously reviewing a proposal of Pakistan Carpet Manufacturers and Exporters Association (PCMEA) to refund fines and penalties collected from carpet exporters during 2008-2010, as these businesses were closed due to

Published 14 Sep, 2010 12:00am

Refund of fines/penalties: FBR reviewing carpet industry proposals

Refund of fines/penalties: FBR reviewing carpet industry proposals

The Federal Board of Revenue (FBR) is seriously reviewing a proposal of Pakistan Carpet Manufacturers and Exporters Association (PCMEA) to refund fines and penalties collected from carpet exporters during 2008-2010, as these businesses were closed due to

Published 14 Sep, 2010 12:00am

US expects Saudis to commit to $30 billion in arms

US expects Saudis to commit to $30 billion in arms

The Obama administration will soon notify Congress of an arms deal with Saudi Arabia worth up to $60 billion, but the kingdom is expected to only initially commit to about half that, a senior US defence official said on Monday. The official, speaking on c

Published 14 Sep, 2010 12:00am

US expects Saudis to commit to $30 billion in arms

US expects Saudis to commit to $30 billion in arms

The Obama administration will soon notify Congress of an arms deal with Saudi Arabia worth up to $60 billion, but the kingdom is expected to only initially commit to about half that, a senior US defence official said on Monday. The official, speaking on c

Published 14 Sep, 2010 12:00am

Railways fares to go up by 15 percent

Railways fares to go up by 15 percent

Pakistan Railways is going to increase fares by 15 percent as the government has approved the demand of the government institution which is facing profound financial crunch. Millions of people who prefer to travel by train; the only cheaper source of tran

Published 14 Sep, 2010 12:00am

Railways fares to go up by 15 percent

Railways fares to go up by 15 percent

Pakistan Railways is going to increase fares by 15 percent as the government has approved the demand of the government institution which is facing profound financial crunch. Millions of people who prefer to travel by train; the only cheaper source of tran

Published 14 Sep, 2010 12:00am

Railways fares to go up by 15 percent

Railways fares to go up by 15 percent

Pakistan Railways is going to increase fares by 15 percent as the government has approved the demand of the government institution which is facing profound financial crunch. Millions of people who prefer to travel by train; the only cheaper source of tran

Published 14 Sep, 2010 12:00am

Cuba to eliminate half a million state jobs in six months

Cuba to eliminate half a million state jobs in six months

Cuba will eliminate more than half a million state jobs over the next six months as part of a push to raise productivity in the communist-ruled island, the country''s main labour organisation said Monday. Workers laid off from government jobs will no long

Published 14 Sep, 2010 12:00am

Cuba to eliminate half a million state jobs in six months

Cuba to eliminate half a million state jobs in six months

Cuba will eliminate more than half a million state jobs over the next six months as part of a push to raise productivity in the communist-ruled island, the country's main labour organisation said Monday. Workers laid off from government jobs will no longe

Published 14 Sep, 2010 12:00am

Cuba to eliminate half a million state jobs in six months

Cuba to eliminate half a million state jobs in six months

Cuba will eliminate more than half a million state jobs over the next six months as part of a push to raise productivity in the communist-ruled island, the country's main labour organisation said Monday. Workers laid off from government jobs will no longe

Published 14 Sep, 2010 12:00am

Mossad to cooperate with Gaza flotilla probe after delays

Mossad to cooperate with Gaza flotilla probe after delays

The Israeli government promised Monday to step up co-operation with a panel probing the deadly raid on a Gaza-bound aid flotilla, after complaints the Mossad spy agency had not handed over requested documents. "All the material from the Mossad will be han

Published 14 Sep, 2010 12:00am

Mossad to cooperate with Gaza flotilla probe after delays

Mossad to cooperate with Gaza flotilla probe after delays

The Israeli government promised Monday to step up co-operation with a panel probing the deadly raid on a Gaza-bound aid flotilla, after complaints the Mossad spy agency had not handed over requested documents. "All the material from the Mossad will be han

Published 14 Sep, 2010 12:00am

Bin Laden still pursued, 'deep underground': Obama

Bin Laden still pursued, 'deep underground': Obama

Nine years after the September 11 attacks, President Barack Obama said the US has forced Osama bin Laden `deep underground'' but Americans will face an expanded terror threat for years to come from other al Qaida extremists`willing to die to kill other

Published 14 Sep, 2010 12:00am

Bin Laden still pursued, 'deep underground': Obama

Bin Laden still pursued, 'deep underground': Obama

Nine years after the September 11 attacks, President Barack Obama said the US has forced Osama bin Laden `deep underground' but Americans will face an expanded terror threat for years to come from other al Qaida extremists`willing to die to kill other

Published 14 Sep, 2010 12:00am

Brief security scare in US Congress

Brief security scare in US Congress

The US House of Representatives chamber was briefly evacuated Monday as a precaution after a suspicious but ultimately harmless powder was found on the floor, according the US Capitol Police. "Just before noon, we discovered a powdery substance on the flo

Published 14 Sep, 2010 12:00am

Brief security scare in US Congress

Brief security scare in US Congress

The US House of Representatives chamber was briefly evacuated Monday as a precaution after a suspicious but ultimately harmless powder was found on the floor, according the US Capitol Police. "Just before noon, we discovered a powdery substance on the flo

Published 14 Sep, 2010 12:00am

At least 14 dead in Venezuela plane crash

At least 14 dead in Venezuela plane crash

A Venezuelan plane crashed Monday on a domestic holiday flight killing at least 14 people, but most of the 51 people on board survived the crash, officials said. "A total of 33 people are being cared for at different clinics," said Francisco Rangel Gomez,

Published 14 Sep, 2010 12:00am

At least 14 dead in Venezuela plane crash

At least 14 dead in Venezuela plane crash

A Venezuelan plane crashed Monday on a domestic holiday flight killing at least 14 people, but most of the 51 people on board survived the crash, officials said. "A total of 33 people are being cared for at different clinics," said Francisco Rangel Gomez,

Published 14 Sep, 2010 12:00am

German economic team due today

German economic team due today

A 21-member German economic delegation is visiting Pakistan from tomorrow (September 14-17). Claus Baron von Fersen, an expert representing German Oil & Gas Industry and Renewable Energy sector is leading the delegation that includes representatives of Ge

Published 14 Sep, 2010 12:00am

German economic team due today

German economic team due today

A 21-member German economic delegation is visiting Pakistan from tomorrow (September 14-17). Claus Baron von Fersen, an expert representing German Oil & Gas Industry and Renewable Energy sector is leading the delegation that includes representatives of Ge

Published 14 Sep, 2010 12:00am

German economic team due today

German economic team due today

A 21-member German economic delegation is visiting Pakistan from tomorrow (September 14-17). Claus Baron von Fersen, an expert representing German Oil & Gas Industry and Renewable Energy sector is leading the delegation that includes representatives of Ge

Published 14 Sep, 2010 12:00am

THE RUPEE: falling trend

THE RUPEE: falling trend

The rupee tended lower against dollar on the currency market owing higher demand for the US currency during the week ended on September 9, 2010. On the interbank market, the rupee shed five paisa versus dollar for buying and selling at 85.70 and 85.75.

Published 14 Sep, 2010 12:00am

THE RUPEE: falling trend

THE RUPEE: falling trend

The rupee tended lower against dollar on the currency market owing higher demand for the US currency during the week ended on September 9, 2010. On the interbank market, the rupee shed five paisa versus dollar for buying and selling at 85.70 and 85.75.

Published 14 Sep, 2010 12:00am

Kardar decides to bat on an uneven wicket

Kardar decides to bat on an uneven wicket

Shahid H. Kardar is well known figure in the business community for his analytical views on a variety of issues in relation to economics and finance. He is seen quite often on TV talk shows, providing objective analyses to viewers on issues ranging from c

Published 14 Sep, 2010 12:00am

Kardar decides to bat on an uneven wicket

Kardar decides to bat on an uneven wicket

Shahid H. Kardar is well known figure in the business community for his analytical views on a variety of issues in relation to economics and finance. He is seen quite often on TV talk shows, providing objective analyses to viewers on issues ranging from c

Published 14 Sep, 2010 12:00am

UN to raise aid appeal: US

UN to raise aid appeal: US

The United Nations will raise an emergency appeal to support flood-ravaged Pakistan, a US official said Monday, despite concerns that an initial call to donors has fallen short. Dan Feldman, the US deputy special representative on Afghanistan and Pakistan

Published 14 Sep, 2010 12:00am

UN to raise aid appeal: US

UN to raise aid appeal: US

The United Nations will raise an emergency appeal to support flood-ravaged Pakistan, a US official said Monday, despite concerns that an initial call to donors has fallen short. Dan Feldman, the US deputy special representative on Afghanistan and Pakistan

Published 14 Sep, 2010 12:00am

Pakistan's fight against widespread floods: US President gets briefing

Pakistan's fight against widespread floods: US President gets briefing

President Barack Obama convened his Afghan war cabinet on Monday as new reports cast doubt on the US strategy to convince President Hamid Karzai to purge his government of corruption. Obama met his team in the secure Situation Room of the White House for

Published 14 Sep, 2010 12:00am

Pakistan's fight against widespread floods: US President gets briefing

Pakistan's fight against widespread floods: US President gets briefing

President Barack Obama convened his Afghan war cabinet on Monday as new reports cast doubt on the US strategy to convince President Hamid Karzai to purge his government of corruption. Obama met his team in the secure Situation Room of the White House for

Published 14 Sep, 2010 12:00am

Musharraf eyes presidency in political comeback

Musharraf eyes presidency in political comeback

Pervez Musharraf has vowed to return to politics in a bid to restore the country's self-confidence and thinks he could become president again. The retired army general told the BBC he would form a new political party and stand for parliament at the next g

Published 14 Sep, 2010 12:00am

Musharraf eyes presidency in political comeback

Musharraf eyes presidency in political comeback

Pervez Musharraf has vowed to return to politics in a bid to restore the country's self-confidence and thinks he could become president again. The retired army general told the BBC he would form a new political party and stand for parliament at the next g

Published 14 Sep, 2010 12:00am

KSE sees fresh inflow of $2.588 million

KSE sees fresh inflow of $2.588 million

A fresh inflow of $2.588 million of foreign investors portfolio investment (FIPI) was witnessed at the local equity market during the outgoing week ended September 9, 2010. According to the National Clearing Company of Pakistan Limited (NCCPL) data, the c

Published 14 Sep, 2010 12:00am

KSE sees fresh inflow of $2.588 million

KSE sees fresh inflow of $2.588 million

A fresh inflow of $2.588 million of foreign investors portfolio investment (FIPI) was witnessed at the local equity market during the outgoing week ended September 9, 2010. According to the National Clearing Company of Pakistan Limited (NCCPL) data, the c

Published 14 Sep, 2010 12:00am

KSE sees fresh inflow of $2.588 million

KSE sees fresh inflow of $2.588 million

A fresh inflow of $2.588 million of foreign investors portfolio investment (FIPI) was witnessed at the local equity market during the outgoing week ended September 9, 2010. According to the National Clearing Company of Pakistan Limited (NCCPL) data, the c

Published 14 Sep, 2010 12:00am

Index gains 176.27 points

Index gains 176.27 points

The KSE-100 index increased by 176.27 points during the four-day week ended on September 9, 2010, and closed at 9,879.33 points with very low volume. "Foreign investors'' continuous interest and fresh buying by local institutions in some select stocks on

Published 14 Sep, 2010 12:00am

Index gains 176.27 points

Index gains 176.27 points

The KSE-100 index increased by 176.27 points during the four-day week ended on September 9, 2010, and closed at 9,879.33 points with very low volume. "Foreign investors' continuous interest and fresh buying by local institutions in some select stocks on d

Published 14 Sep, 2010 12:00am

Index gains 176.27 points

Index gains 176.27 points

The KSE-100 index increased by 176.27 points during the four-day week ended on September 9, 2010, and closed at 9,879.33 points with very low volume. "Foreign investors' continuous interest and fresh buying by local institutions in some select stocks on d

Published 14 Sep, 2010 12:00am

Afghanistan and African countries: Pakistan starts optic fibre cable export

Afghanistan and African countries: Pakistan starts optic fibre cable export

For the first time Pakistan has started export of optic fibre cable to Afghanistan, and African countries. Talking to Business Recorder, Chairman of Federal ''B'' Area Association of Trade and Industry (FBAATI) and Director of Premier Cables, Shahid Ismai

Published 14 Sep, 2010 12:00am

Afghanistan and African countries: Pakistan starts optic fibre cable export

Afghanistan and African countries: Pakistan starts optic fibre cable export

For the first time Pakistan has started export of optic fibre cable to Afghanistan, and African countries. Talking to Business Recorder, Chairman of Federal 'B' Area Association of Trade and Industry (FBAATI) and Director of Premier Cables, Shahid Ismail,

Published 14 Sep, 2010 12:00am

Afghanistan and African countries: Pakistan starts optic fibre cable export

Afghanistan and African countries: Pakistan starts optic fibre cable export

For the first time Pakistan has started export of optic fibre cable to Afghanistan, and African countries. Talking to Business Recorder, Chairman of Federal 'B' Area Association of Trade and Industry (FBAATI) and Director of Premier Cables, Shahid Ismail,

Published 14 Sep, 2010 12:00am

SBP asked to raise provinces'' Overdraft limits

SBP asked to raise provinces'' Overdraft limits

The federal government granting guarantee has asked the Sate Bank of Pakistan to enhance the Overdraft (OD) limits of the provinces to 86 percent to meet their current expenditure, in case of non-availability of funds.

Published 14 Sep, 2010 12:00am

SBP asked to raise provinces' Overdraft limits

SBP asked to raise provinces' Overdraft limits

The federal government granting guarantee has asked the Sate Bank of Pakistan to enhance the Overdraft (OD) limits of the provinces to 86 percent to meet their current expenditure, in case of non-availability of funds.

Published 14 Sep, 2010 12:00am

SBP asked to raise provinces' Overdraft limits

SBP asked to raise provinces' Overdraft limits

The federal government granting guarantee has asked the Sate Bank of Pakistan to enhance the Overdraft (OD) limits of the provinces to 86 percent to meet their current expenditure, in case of non-availability of funds.

Published 14 Sep, 2010 12:00am

Shelving of Thar coal gasification project: Sindh protests Centre''s move

Shelving of Thar coal gasification project: Sindh protests Centre''s move

Sindh government has strongly protested against the Centre''s decision of shelving Rs 490.48 million Thar coal gasification project and has decided to take up the matter with the President and the Prime Minister, Business Recorder has learnt.

Published 14 Sep, 2010 12:00am

Shelving of Thar coal gasification project: Sindh protests Centre's move

Shelving of Thar coal gasification project: Sindh protests Centre's move

Sindh government has strongly protested against the Centre's decision of shelving Rs 490.48 million Thar coal gasification project and has decided to take up the matter with the President and the Prime Minister, Business Recorder has learnt.

Published 14 Sep, 2010 12:00am

Shelving of Thar coal gasification project: Sindh protests Centre's move

Shelving of Thar coal gasification project: Sindh protests Centre's move

Sindh government has strongly protested against the Centre's decision of shelving Rs 490.48 million Thar coal gasification project and has decided to take up the matter with the President and the Prime Minister, Business Recorder has learnt.

Published 14 Sep, 2010 12:00am

Incomplete data by WHT agents results in refunds blockage

Incomplete data by WHT agents results in refunds blockage

The Federal Board of Revenue (FBR) has found that incomplete submission of withholding data by the withholding agents resulted in blockage of refunds of taxpayers, whose tax was deducted under provisions of Income Tax Ordinance 2001. Sources toldBusine

Published 14 Sep, 2010 12:00am

Incomplete data by WHT agents results in refunds blockage

The Federal Board of Revenue (FBR) has found that incomplete submission of withholding data by the withholding agents resulted in blockage of refunds of taxpayers, whose tax was deducted under provisions of Income Tax Ordinance 2001. Sources toldBusine
Published 14 Sep, 2010 12:00am

Incomplete data by WHT agents results in refunds blockage

The Federal Board of Revenue (FBR) has found that incomplete submission of withholding data by the withholding agents resulted in blockage of refunds of taxpayers, whose tax was deducted under provisions of Income Tax Ordinance 2001. Sources toldBusine
Published 14 Sep, 2010 12:00am

Delay in filing refund applications: Field formations told to issue condonation

On a complaint filed by a Korean joint venture to the Federal Tax Ombudsman, the Federal Board of Revenue has directed the field formations to take immediate action on the applications filed by the taxpayers to issue condonation of time period for delay i
Published 14 Sep, 2010 12:00am

Delay in filing refund applications: Field formations told to issue condonation

On a complaint filed by a Korean joint venture to the Federal Tax Ombudsman, the Federal Board of Revenue has directed the field formations to take immediate action on the applications filed by the taxpayers to issue condonation of time period for delay i
Published 14 Sep, 2010 12:00am

Delay in filing refund applications: Field formations told to issue condonation

On a complaint filed by a Korean joint venture to the Federal Tax Ombudsman, the Federal Board of Revenue has directed the field formations to take immediate action on the applications filed by the taxpayers to issue condonation of time period for delay i
Published 14 Sep, 2010 12:00am

Over $100 billion needed for millennium goals: Ban

More than 100 billion dollars will be needed over the next five years to hope to reach the Millennium Development Goals (MDGs) on cutting poverty and boosting health, UN Secretary General Ban Ki-moon said Monday. About 26 billion dollars would be needed f
Published 14 Sep, 2010 12:00am

Over $100 billion needed for millennium goals: Ban

More than 100 billion dollars will be needed over the next five years to hope to reach the Millennium Development Goals (MDGs) on cutting poverty and boosting health, UN Secretary General Ban Ki-moon said Monday. About 26 billion dollars would be needed f
Published 14 Sep, 2010 12:00am

Over $100 billion needed for millennium goals: Ban

More than 100 billion dollars will be needed over the next five years to hope to reach the Millennium Development Goals (MDGs) on cutting poverty and boosting health, UN Secretary General Ban Ki-moon said Monday. About 26 billion dollars would be needed f
Published 14 Sep, 2010 12:00am

IMF urges stimulus to help ''''dire'''' job market

The world''''s rich countries need to extend initiatives to boost spending and support employment to fix a "dire" labour market that could threaten entire societies, the International Monetary Fund said on Monday. At a conference co-hosted by the IMF and
Published 14 Sep, 2010 12:00am

IMF urges stimulus to help ''dire'' job market

The world''s rich countries need to extend initiatives to boost spending and support employment to fix a "dire" labour market that could threaten entire societies, the International Monetary Fund said on Monday. At a conference co-hosted by the IMF and th
Published 14 Sep, 2010 12:00am

IMF urges stimulus to help 'dire' job market

The world's rich countries need to extend initiatives to boost spending and support employment to fix a "dire" labour market that could threaten entire societies, the International Monetary Fund said on Monday. At a conference co-hosted by the IMF and the
Published 14 Sep, 2010 12:00am

IMF urges stimulus to help 'dire' job market

The world's rich countries need to extend initiatives to boost spending and support employment to fix a "dire" labour market that could threaten entire societies, the International Monetary Fund said on Monday. At a conference co-hosted by the IMF and the
Published 14 Sep, 2010 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Dec 26

278.42

USD PKR Interbank Buying / Dec 26

278.27

USD to Japanese Yen / Dec 24

157.14

USD to Swiss Franc / Dec 24

0.90

Pound Sterling to USD / Dec 24

1.25

Euro to USD / Dec 24

1.04

Stock Volume

Germany DAX 30 / Dec 23

19,848.77

S&P 500 / Dec 24

6,040.04

Nasdaq / Dec 24

20,031.13

Hang Seng / Dec 24

20,098.29

FTSE 100 / Dec 24

8,136.99

Dow Jones / Dec 24

43,297.03

France CAC40 / Dec 24

7,282.69

India Sensex / Dec 26

78,475.29

Item Value

Crude Oil USD/Barrel / Dec 24

70.10

Gold 10 Grams PKR / Dec 24

240,487.70

Gold Spot USD/Ounce / Dec 24

2,616.87

Cotton US¢/pound / Dec 24

68.78

Petrol/Litre / Dec 26

252.10

Karachi Cotton PKR/37.32 KG / Dec 26

17,785

Gainers
Losers
Leaders

Stock Price

First Capital Equities / Dec 26

First Capital Equities Limited(FCEL)

6.10

▲ 1.00 (19.61%)

Sec. Inv. Bank / Dec 26

Security Investment Bank Limited(SIBL)

6.99

▲ 1.00 (16.69%)

Next Capital / Dec 26

Next Capital Limited(NEXT)

9.90

▲ 1.00 (11.24%)

Fauji Foods Ltd / Dec 26

Fauji Foods Limited(FFL)

16.45

▲ 1.50 (10.03%)

Pak Gulf Leasing / Dec 26

Pak-Gulf Leasing Company Limited(PGLC)

15.81

▲ 1.44 (10.02%)

Dewan Motors / Dec 26

Dewan Farooque Motors Limited(DFML)

42.21

▲ 3.84 (10.01%)

Blue-Ex Ltd / Dec 26

Blue-Ex Limited (GEM)(GEMBLUEX)

44.96

▲ 4.09 (10.01%)

Suhail Jute / Dec 26

Suhail Jute Mills Limited(SUHJ)

99.06

▲ 9.01 (10.01%)

Altern Energy / Dec 26

Altern Energy Limited(ALTN)

22.65

▲ 2.06 (10.00%)

Stock Price

Jauharabad Sug / Dec 26

Jauharabad Sugar Mills Limited(JSML)

23.10

▼ -2.57 (-10.01%)

Mughal Energy / Dec 26

Mughal Energy Limited(GEM)(GEMMEL)

18.45

▼ -2.05 (-10.00%)

Fateh Ind. / Dec 26

Fateh Industries Limited(FIL)

120.56

▼ -13.38 (-9.99%)

Olympia Mills / Dec 26

Olympia Mills Limited(OML)

36.01

▼ -3.99 (-9.98%)

Popular Islamic / Dec 26

Popular Islamic Modaraba(PIM)

13.54

▼ -1.50 (-9.97%)

Arctic Textile / Dec 26

Arctic Textile Mills Limited(ARCTM)

21.60

▼ -2.37 (-9.89%)

Power Cem(Pref) / Dec 26

Power Cement (Pref)(POWERPS)

12.25

▼ -1.22 (-9.06%)

Sanghar Sugar / Dec 26

Sanghar Sugar Mills Limited(SANSM)

24

▼ -2.33 (-8.85%)

Equity Modaraba / Dec 26

First Equity Modaraba(FEM)

3

▼ -0.29 (-8.81%)

Stock Volume

WorldCall Telecom / Dec 26

Worldcall Telecom Limited(WTL)

127,408,831

▼ -0.06

Fauji Foods Ltd / Dec 26

Fauji Foods Limited(FFL)

93,301,142

▲ 1.50

TRG Pak Ltd / Dec 26

TRG Pakistan Limited(TRG)

46,900,564

▲ 6.41

Sui South Gas / Dec 26

Sui Southern Gas Company Limited(SSGC)

33,559,500

▼ -1.65

Cnergyico PK / Dec 26

Cnergyico PK Limited(CNERGY)

33,367,944

▼ -0.16

K-Electric Ltd. / Dec 26

K-Electric Limited(KEL)

30,254,338

▼ -0.19

B.O.Punjab / Dec 26

The Bank of Punjab(BOP)

30,003,113

▼ -0.11

Hascol Petrol / Dec 26

Hascol Petroleum Limited(HASCOL)

27,155,152

▲ 0.87

Aisha Steel Mill / Dec 26

Aisha Steel Mills Limited(ASL)

26,980,436

▲ 0.09

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