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Print - 2010-09-18
Continental, United shareholders okay giant merger

Continental, United shareholders okay giant merger

Continental Airlines and United Airlines shareholders overwhelmingly voted to merge Friday, paving the way for the creation off the world's biggest airline More than 98 percent of both companies' voters supported the deal, which was cleared by the US auth
Published 18 Sep, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Friday (September 17, 2010).

Published 18 Sep, 2010 12:00am
Continental, United shareholders okay giant merger

Continental, United shareholders okay giant merger

Continental Airlines and United Airlines shareholders overwhelmingly voted to merge Friday, paving the way for the creation off the world's biggest airline More than 98 percent of both companies' voters supported the deal, which was cleared by the US auth
Published 18 Sep, 2010 12:00am
Naveed to sign GPFA of TAPI on September 20

Naveed to sign GPFA of TAPI on September 20

Federal Minister for Petroleum and Natural Resources Syed Naveed Qamar will sign the Gas Pipeline Framework Agreement (GPFA) of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline in Ashgabat, Turkmenistan on September 20, 2010 along with his coun
Published 18 Sep, 2010 12:00am
Naveed to sign GPFA of TAPI on September 20

Naveed to sign GPFA of TAPI on September 20

Federal Minister for Petroleum and Natural Resources Syed Naveed Qamar will sign the Gas Pipeline Framework Agreement (GPFA) of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline in Ashgabat, Turkmenistan on September 20, 2010 along with his coun
Published 18 Sep, 2010 12:00am
Naveed to sign GPFA of TAPI on September 20

Naveed to sign GPFA of TAPI on September 20

Federal Minister for Petroleum and Natural Resources Syed Naveed Qamar will sign the Gas Pipeline Framework Agreement (GPFA) of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline in Ashgabat, Turkmenistan on September 20, 2010 along with his coun
Published 18 Sep, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Friday (September 17, 2010).

Published 18 Sep, 2010 12:00am
Cargo handling at ports: World Bank mission expresses concerns

Cargo handling at ports: World Bank mission expresses concerns

The World Bank (WB) mission has expressed concerns over cargo handling at the ports, Business Recorder learnt on Friday. According to sources, the WB mission, headed by Tony Mort, along with Wyatt Grant, during its visit to customs operations sites
Published 18 Sep, 2010 12:00am
Cargo handling at ports: World Bank mission expresses concerns

Cargo handling at ports: World Bank mission expresses concerns

The World Bank (WB) mission has expressed concerns over cargo handling at the ports, Business Recorder learnt on Friday. According to sources, the WB mission, headed by Tony Mort, along with Wyatt Grant, during its visit to customs operations sites
Published 18 Sep, 2010 12:00am
Cargo handling at ports: World Bank mission expresses concerns

Cargo handling at ports: World Bank mission expresses concerns

The World Bank (WB) mission has expressed concerns over cargo handling at the ports, Business Recorder learnt on Friday. According to sources, the WB mission, headed by Tony Mort, along with Wyatt Grant, during its visit to customs operations sites
Published 18 Sep, 2010 12:00am
India deploys army to quell IHK unrest

India deploys army to quell IHK unrest

India deployed soldiers on the streets of protest-hit occupied Kashmir on Friday to restore order, witnesses said, as two more pro-independence demonstrators were shot dead by occupation forces. Occupation troops were spotted on a key road in the main cit
Published 18 Sep, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 18 Sep, 2010 12:00am
China's telecom company donates RMB100,000 for flood survivors

China's telecom company donates RMB100,000 for flood survivors

China's leading telecommunication company, Huawei Technologies, has donated an amount of RMB 100,000 (US $8,000 approx.) for Prime Minister's Flood Relief Fund 2010. The documents, in this regard, were handed over by Senior Vice President of Huawei Techno
Published 18 Sep, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Sep, 2010 12:00am
Pakistan a 'slow burn' disaster of horrendous proportions

Pakistan a 'slow burn' disaster of horrendous proportions

According to Radio Australia and ABC Online (Australian TV), a day after being sworn in as the Australian foreign minister, Kevin Rudd, is already abroad, heading for the United States - via Pakistan - where he says the threat of water born diseases from
Published 18 Sep, 2010 12:00am
India deploys army to quell IHK unrest

India deploys army to quell IHK unrest

India deployed soldiers on the streets of protest-hit occupied Kashmir on Friday to restore order, witnesses said, as two more pro-independence demonstrators were shot dead by occupation forces. Occupation troops were spotted on a key road in the main cit
Published 18 Sep, 2010 12:00am
Powerful tremors hit various parts of country

Powerful tremors hit various parts of country

Various parts of country have been rattled by a powerful earthquake late Friday night including Islamabad, Lahore, Multan, Nowshera, Gilgit, Swat, Muzzafarabad, Peshawar, North Waziristan, Malakand Agency, Dir, Chitral and many more areas, private TV chan
Published 18 Sep, 2010 12:00am
Powerful tremors hit various parts of country

Powerful tremors hit various parts of country

Various parts of country have been rattled by a powerful earthquake late Friday night including Islamabad, Lahore, Multan, Nowshera, Gilgit, Swat, Muzzafarabad, Peshawar, North Waziristan, Malakand Agency, Dir, Chitral and many more areas, private TV chan
Published 18 Sep, 2010 12:00am
Continental, United shareholders okay giant merger

Continental, United shareholders okay giant merger

Continental Airlines and United Airlines shareholders overwhelmingly voted to merge Friday, paving the way for the creation off the world''''s biggest airline More than 98 percent of both companies'''' voters supported the deal, which was cleared by the U
Published 18 Sep, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Friday (September 17, 2010).

Published 18 Sep, 2010 12:00am
Continental, United shareholders okay giant merger

Continental, United shareholders okay giant merger

Continental Airlines and United Airlines shareholders overwhelmingly voted to merge Friday, paving the way for the creation off the world''s biggest airline More than 98 percent of both companies'' voters supported the deal, which was cleared by the US au
Published 18 Sep, 2010 12:00am
Naeem Malik appointed OGDC''s new managing director

Naeem Malik appointed OGDC''s new managing director

The controversy over appointment of Adnan Khwaja as Managing Director (MD), Oil and Gas Development Company Limited (OGDC), ended after appointment of Director General (DG) Petroleum Concession (PC) Naeem Malik as new MD of the company, Business Record
Published 18 Sep, 2010 12:00am
E-payments grow to Rs 4.8 trillion in fourth quarter

E-payments grow to Rs 4.8 trillion in fourth quarter

Electronic payments continued to show a rising trend as both the number and value of such transactions increased in the fourth quarter (April-June) of the last 2009-10 fiscal year (FY10). According to State Bank's fourth Quarterly Report on Retail E-Payme
Published 18 Sep, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (September 17, 2010).

Published 18 Sep, 2010 12:00am
E-payments grow to Rs 4.8 trillion in fourth quarter

E-payments grow to Rs 4.8 trillion in fourth quarter

Electronic payments continued to show a rising trend as both the number and value of such transactions increased in the fourth quarter (April-June) of the last 2009-10 fiscal year (FY10). According to State Bank's fourth Quarterly Report on Retail E-Payme
Published 18 Sep, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (September 17, 2010).
Published 18 Sep, 2010 12:00am
Corps Commanders' Conference held

Corps Commanders' Conference held

The 133rd Corps Commanders' Conference was held at General Headquarters here on Friday, which was chaired by Chief of Army Staff (COAS), General Ashfaq Parvez Kayani, an ISPR press release said. The conference was part of the regular monthly meetings, it
Published 18 Sep, 2010 12:00am
Corps Commanders' Conference held

Corps Commanders' Conference held

The 133rd Corps Commanders' Conference was held at General Headquarters here on Friday, which was chaired by Chief of Army Staff (COAS), General Ashfaq Parvez Kayani, an ISPR press release said. The conference was part of the regular monthly meetings, it
Published 18 Sep, 2010 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (September 17, 2010).

Published 18 Sep, 2010 12:00am
E-payments grow to Rs 4.8 trillion in fourth quarter

E-payments grow to Rs 4.8 trillion in fourth quarter

Electronic payments continued to show a rising trend as both the number and value of such transactions increased in the fourth quarter (April-June) of the last 2009-10 fiscal year (FY10). According to State Bank''s fourth Quarterly Report on Retail E-Paym
Published 18 Sep, 2010 12:00am
Naeem Malik appointed OGDC's new managing director

Naeem Malik appointed OGDC's new managing director

The controversy over appointment of Adnan Khwaja as Managing Director (MD), Oil and Gas Development Company Limited (OGDC), ended after appointment of Director General (DG) Petroleum Concession (PC) Naeem Malik as new MD of the company, Business Record
Published 18 Sep, 2010 12:00am
Naeem Malik appointed OGDC's new managing director

Naeem Malik appointed OGDC's new managing director

The controversy over appointment of Adnan Khwaja as Managing Director (MD), Oil and Gas Development Company Limited (OGDC), ended after appointment of Director General (DG) Petroleum Concession (PC) Naeem Malik as new MD of the company, Business Record
Published 18 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 increase of 09.74 points, as the Index moved from 2,581.75 to 2,591.
Published 18 Sep, 2010 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (September 17, 2010).

Published 18 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 increase of 09.74 points, as the Index moved from 2,581.75 to 2,591.
Published 18 Sep, 2010 12:00am
Five cleaners held in UK over pope visit 'terror' alert

Five cleaners held in UK over pope visit 'terror' alert

British police arrested five street cleaners Friday on suspicion of plotting a "terrorist" attack linked to the historic state visit of Pope Benedict XVI, officials said. The Vatican insisted that the pope was "calm" following the arrests and that it had
Published 18 Sep, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (September 17, 2010).

Published 18 Sep, 2010 12:00am
Five cleaners held in UK over pope visit 'terror' alert

Five cleaners held in UK over pope visit 'terror' alert

British police arrested five street cleaners Friday on suspicion of plotting a "terrorist" attack linked to the historic state visit of Pope Benedict XVI, officials said. The Vatican insisted that the pope was "calm" following the arrests and that it had
Published 18 Sep, 2010 12:00am
US plane makes emergency landing

US plane makes emergency landing

A US plane carrying 176 people rescued from flood-hit northern Pakistan Friday made an emergency landing at Islamabad airport, but there were no casualties, a civil aviation official said. "A US C-17 aircraft reported all its four engines stalled when it
Published 18 Sep, 2010 12:00am
US plane makes emergency landing

US plane makes emergency landing

A US plane carrying 176 people rescued from flood-hit northern Pakistan Friday made an emergency landing at Islamabad airport, but there were no casualties, a civil aviation official said. "A US C-17 aircraft reported all its four engines stalled when it
Published 18 Sep, 2010 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (September 17, 2010).

Published 18 Sep, 2010 12:00am
Afghan election will have irregularities: Karzai

Afghan election will have irregularities: Karzai

Afghanistan's parliamentary election due to be held at the weekend will have "irregularities", President Hamid Karzai said Friday, a year after his own re-election was riddled with fraud. "In Afghanistan under the circumstances we must expect that there'l
Published 18 Sep, 2010 12:00am
Afghan election will have irregularities: Karzai

Afghan election will have irregularities: Karzai

Afghanistan's parliamentary election due to be held at the weekend will have "irregularities", President Hamid Karzai said Friday, a year after his own re-election was riddled with fraud. "In Afghanistan under the circumstances we must expect that there'l
Published 18 Sep, 2010 12:00am
Russian naval aircraft buzz US warship: Pentagon

Russian naval aircraft buzz US warship: Pentagon

The Pentagon on Friday said Russian naval aircraft buzzed close to a US warship in the Berents Sea last week, just days before Moscow's defence minister paid a high-profile visit to Washington. A Russian IL-38 plane on September 10 flew at low altitude wi
Published 18 Sep, 2010 12:00am
Russian naval aircraft buzz US warship: Pentagon

Russian naval aircraft buzz US warship: Pentagon

The Pentagon on Friday said Russian naval aircraft buzzed close to a US warship in the Berents Sea last week, just days before Moscow's defence minister paid a high-profile visit to Washington. A Russian IL-38 plane on September 10 flew at low altitude wi
Published 18 Sep, 2010 12:00am
Karachi Port's and Port Qasim's activities

Karachi Port's and Port Qasim's activities

The Karachi Port handled 91,349 tonnes of cargo including 65,937 tonnes of import cargo, 25,412 tonnes of export cargo, 2,837 loaded and empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 65,937 tonnes comprised
Published 18 Sep, 2010 12:00am
New York cotton stays at 15-year top

New York cotton stays at 15-year top

Cotton futures rallied this week by closing on Friday at a fresh 15-year high on investment and mill buying, and analysts said the market was poised to crack the psychological $1/lb by next week, brokers said. ICE Futures US key December cotton contract c
Published 18 Sep, 2010 12:00am
US must free Iranians in return for freed hiker: Ahmadinejad

US must free Iranians in return for freed hiker: Ahmadinejad

The United States must free Iranians it is holding after Tehran freed American woman hiker Sarah Shourd, President Mahmoud Ahmadinejad said on Friday. "We don't have any expectation in return for this job (releasing Shourd)," Ahmadinejad said in an interv
Published 18 Sep, 2010 12:00am
Couple tried to give nuclear arms secrets to Venezuela: US

Couple tried to give nuclear arms secrets to Venezuela: US

A scientist and his wife who both worked at the leading US nuclear research facility were arrested Friday and charged with trying to pass nuclear arms secrets to Venezuela, the US Department of Justice said. The pair, both Americans, "have been indicted o
Published 18 Sep, 2010 12:00am
Russia to supply Syria with cruise missiles

Russia to supply Syria with cruise missiles

Russian Defence Minister Anatoly Serdyukov confirmed in Washington that Russia would supply Syria with P-800 Yakhont cruise missiles, Russian news agencies reported Friday. "We will supply Yakhont to Syria, we will fulfil the contract," Serdyukov was quot
Published 18 Sep, 2010 12:00am
Taliban urge Afghan vote boycott, warn of violence

Taliban urge Afghan vote boycott, warn of violence

The Taliban renewed a warning on Thursday they would try to disrupt Afghanistan's parliamentary poll and urged a boycott, while poll monitors said the electoral watchdog had not acted forcefully enough against fraud. Fears of violence and fraud are hangin
Published 18 Sep, 2010 12:00am
Taliban kidnap 18 election workers, campaigners

Taliban kidnap 18 election workers, campaigners

The Taliban have kidnapped eight Afghan election officials and 10 campaign workers ahead of weekend polls, an official said Friday. "They were kidnapped last night by the Taliban," the head of the Independent Election Commission in north-western Bagdhis p
Published 18 Sep, 2010 12:00am
Poland arrests Chechen exile leader on Russian warrant

Poland arrests Chechen exile leader on Russian warrant

Polish police on Friday arrested Chechen independence leader Akhmed Zakayev, wanted by Russia on terror charges, paving the way for a legal and diplomatic battle over his possible extradition. Zakayev had arrived in Poland on Thursday to attend a two-day
Published 18 Sep, 2010 12:00am
Sudan-Chad forces arrest kidnappers of Chinese engineer

Sudan-Chad forces arrest kidnappers of Chinese engineer

The joint Sudanese-Chadian military force arrested Friday the kidnappers of the Chinese engineer in Sudan's restive western region of Darfur, Chad's interior minister said. "These terrorists (kidnappers) were arrested, they will go to court and answer for
Published 18 Sep, 2010 12:00am
Japanese Prime Minister makes sweeping cabinet reshuffle

Japanese Prime Minister makes sweeping cabinet reshuffle

Japan's Prime Minister Naoto Kan, who survived a bruising leadership challenge this week, named a new cabinet Friday, including a hawkish foreign minister to handle an escalating row with China. The shake-up in ministerial and party posts also aims to sho
Published 18 Sep, 2010 12:00am
Sri Lanka accidental blast kills 25

Sri Lanka accidental blast kills 25

Three trucks carrying explosives blew up inside a police compound in eastern Sri Lanka on Friday, killing at least 25 people in what the military called an accident. The blast occurred in Karayinadaru, about 50 km from the eastern port of Batticaloa and i
Published 18 Sep, 2010 12:00am
Nato chief urges Russia's inclusion under security 'tent'

Nato chief urges Russia's inclusion under security 'tent'

Nato chief Anders Fogh Rasmussen warned Friday against leaving Russia "outside the tent looking in" as the Atlantic Alliance goes ahead with plans to deploy a missile defence system in Europe. "If we manage to create an inclusive missile defence system, i
Published 18 Sep, 2010 12:00am
Sarkozy draws Germany into Roma row

Sarkozy draws Germany into Roma row

A European row over France's repatriation of Roma escalated on Friday, pitting President Nicolas Sarkozy against Germany's Angela Merkel, who was forced to deny his assertion Berlin also planned to clear camps. The dispute, which overshadowed a European U
Published 18 Sep, 2010 12:00am
ICC scolds New Zealand umpire over no-ball comments

ICC scolds New Zealand umpire over no-ball comments

The International Cricket Council (ICC) has rebuked New Zealand umpire Tony Hill for publicly airing his belief that Pakistan players deliberately bowled no-balls, a report said Friday. Hill and compatriot Billy Bowden officiated in Pakistan's Test agains
Published 18 Sep, 2010 12:00am
Police case against Pakistani cricketers filed

Police case against Pakistani cricketers filed

A police file detailing evidence on claims that Pakistan cricketers accepted cash bribes to take part in spot-fixing during a match against England has been handed over to prosecutors. Scotland Yard said evidence that there was a conspiracy to defraud boo
Published 18 Sep, 2010 12:00am
Zidane named Qatar's World Cup bid ambassador

Zidane named Qatar's World Cup bid ambassador

Former France midfielder Zinedine Zidane has been appointed ambassador for Qatar's attempt to host the 2022 World Cup, said the Gulf Arab state's bid committee. Qatar's bid is one of nine for the finals but their main opposition is likely to come from Aus
Published 18 Sep, 2010 12:00am
Premier Football League: KRL clash with PAF today

Premier Football League: KRL clash with PAF today

National title holder and National Football Challenge Cup gold medallist Khan Research Laboratories (KRL) has announced its football squad for the Pakistan Premier Football League (PPFL) 2010. According to In-charge KRL Sports Wing and former internationa
Published 18 Sep, 2010 12:00am
Delay in live broadcasts may curb fixing, says Rashid

Delay in live broadcasts may curb fixing, says Rashid

Former Pakistan captain Rashid Latif, who previously blew the whistle on match-fixing in the country's national team, Friday suggested a delay in the live broadcast of matches to curb spot-fixing. "I guarantee that even a delay of 30 seconds in live telec
Published 18 Sep, 2010 12:00am
Llodra on the attack as France take 1-0 lead

Llodra on the attack as France take 1-0 lead

Michael Llodra produced some fine attacking tennis to put France a 1-0 ahead against Argentina in their Davis Cup semi-final with a 7-5 4-6 7-5 6-3 victory over Juan Monaco on Friday. World number 30 Llodra went to the net, served well and recovered from
Published 18 Sep, 2010 12:00am
Pollard powers Mumbai Indians to first win

Pollard powers Mumbai Indians to first win

Kieron Pollard's power hitting took the Mumbai Indians to their first win in the Champions League Twenty20 tournament when they Guyana by 31 runs at Kingsmead on Thursday. The big West Indian hit nine sixes and one four as he smashed an unbeaten 72 off 30
Published 18 Sep, 2010 12:00am
Mourinho rules out coaching Portugal

Mourinho rules out coaching Portugal

Jose Mourinho will not accept an offer to take temporary charge of the struggling Portuguese national team for next month's Euro 2012 qualifiers, the Real Madrid coach said on Friday. Mourinho was approached by Portugal's football federation (FPF) and ask
Published 18 Sep, 2010 12:00am
City, Liverpool win as Europa League gorges on goals

City, Liverpool win as Europa League gorges on goals

Liverpool and Manchester City enjoyed a Europa League cruise on Thursday as a tournament often derided as the Champions League's poor relation gorged on a feast of 78 goals and three hat-tricks. England midfielder Joe Cole scored the quickest European goa
Published 18 Sep, 2010 12:00am
Chelsea aim to give Blackpool new capital punishment

Chelsea aim to give Blackpool new capital punishment

Chelsea will look to strengthen their grip on top spot in the Premier League when Blackpool arrive in London on Sunday with the newboys hoping to avoid a repeat of their previous trip to the capital. Last month Blackpool's visit to Arsenal ended in a 6-0
Published 18 Sep, 2010 12:00am
Juve held at home by Lech, holders Atletico lose

Juve held at home by Lech, holders Atletico lose

Juventus were astonishingly held to a 3-3 home draw by Lech Poznan as the Europa League group stage kicked off on Thursday while holders Atletico Madrid began the defence of their crown with a 1-0 defeat at Aris Salonika. Juve's Brazil World Cup villain F
Published 18 Sep, 2010 12:00am
Euro rates seen heading higher

Euro rates seen heading higher

Interbank euro funding rates were steady to slightly lower on Friday but they could grind higher in coming weeks as banks prepare to pay back 225 billion euros in maturing loans to the European Central Bank. Although the ECB has pledged to extend unlimite
Published 18 Sep, 2010 12:00am