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Print - 2010-09-25
0.12 million benefit from zakat fund in Khyber Pakhtunkhwa

0.12 million benefit from zakat fund in Khyber Pakhtunkhwa

Khyber Pakhtunkhwa Minister for Zakat and Ushar, Zarshed Khan said that the government was taking practical steps to ensure judicious and transparent distribution of Zakat funds among widows, orphans and other deserving persons, including poor students, i
Published 25 Sep, 2010 12:00am
'Forests on 27 hectares disappear annually'

'Forests on 27 hectares disappear annually'

The process of deforestation continues in the country as 27 hectares forest disappears annually which not only add to rapid environmental degradation but also adversely affect eco-system land under cultivation. This was stated by Federal Minister for Envi
Published 25 Sep, 2010 12:00am
SECP relaunched CEES, CRS schemes expire on September 30

SECP relaunched CEES, CRS schemes expire on September 30

The Companies Easy Exit Scheme (CEES) and Companies Regularisation Scheme (CRS) can be availed till September 30, 2010. Both the schemes were re-launched by the Securities and Exchange Commission of Pakistan (SECP) on July 1, 2010 for three months.
Published 25 Sep, 2010 12:00am
LCCI President felicitated

LCCI President felicitated

President Anjuman-e-Tajran Badami Bagh Waqar Ahmad Mian has congratulated the LCCI newly elected President Shahzad Ali Malik, Senior Vice President Sheikh Muhammad Arshad and Vice President Sohail Azhar and expressed the hope that the LCCI new office-bear
Published 25 Sep, 2010 12:00am
'FAST' to invest in livestock and agriculture sectors

'FAST' to invest in livestock and agriculture sectors

United States company Frontier Agricultural Solutions and Training (pvt) Limited (FAST) has pledged to invest in different fields of livestock and agriculture in Punjab, while Punjab Board of Investment and Trade (PBIT) will assist FAST by providing strat
Published 25 Sep, 2010 12:00am
Career counselling helps students identify their natural talents

Career counselling helps students identify their natural talents

A one-day career counselling workshop has recognised that career guidance help students to identify their natural talents to pursue a career promising them professional success. The workshop was organised by ACCA Pakistan for providing guidance to teacher
Published 25 Sep, 2010 12:00am
Teachers attending 'PELI programme' in US return

Teachers attending 'PELI programme' in US return

Pakistani teachers, after returning from Pakistani Educational Leadership Institute (PELI) programme held at Plymouth State University USA, have started their work with dedication to promote quality education in the country. The 40-member team comprising
Published 25 Sep, 2010 12:00am
Crime rate increasing in Punjab

Crime rate increasing in Punjab

The crime rate is increasing day by day as the number of Proclaimed Offenders (POs) and Court Absconders (CAs) has increased by 45 percent from January to August, this year, as compared to corresponding period of the last year across the Punjab province,
Published 25 Sep, 2010 12:00am
Illegal slaughter house raided

Illegal slaughter house raided

The team of veterinary doctors conducted surprise raids on illegal slaughter house here at Mansurabad early morning and found slaughtering of weak and unhealthy animals. Three butchers Ghulam Mohyudin, Badar and Muhammad Hafeez involved in illegal slaught
Published 25 Sep, 2010 12:00am
Measures being taken for development of remote areas, says Khosa

Measures being taken for development of remote areas, says Khosa

Senior Advisor to Chief Minister Punjab Sardar Zulfiqar Ali Khan Khosa has said that the government is taking measures for the development of far-flung and remote areas of the province as well as for the poverty alleviation. He expressed these views while
Published 25 Sep, 2010 12:00am
Government to devise business-friendly policies: chief minister Punjab

Government to devise business-friendly policies: chief minister Punjab

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that government would devise policies which would not only ensure promotion of industrial and business activities, but also benefit the common man. He called upon well-to-do segments of the society t
Published 25 Sep, 2010 12:00am
Deputy director Nadra directed to issue CNIC

Deputy director Nadra directed to issue CNIC

The Lahore High Court (LHC) here on Friday directed a deputy director of National Database and Registration Authority (Nadra) Habib Khalid to issue national identity card of a petitioner within 15 days or be ready to go behind the bars. The court issued t
Published 25 Sep, 2010 12:00am
PIE head office shifted

PIE head office shifted

Punjab Industrial Estates (PIE) has shifted its head office from Egerton Road to Sunder Industrial Estate, Raiwind Road. The step had become necessary in order to accelerate industrial activities in Sunder Estate. A PIE spokesman said departments includin
Published 25 Sep, 2010 12:00am
Through electricity bills: proposal to collect flood surcharge opposed

Through electricity bills: proposal to collect flood surcharge opposed

Pakistan Cotton Ginners Association (PCGA) has opposed the proposal to collect the Flood Surcharge through electricity bills and said that ginning sector has badly affected with the hazard of recent floods. Spokesman of ginning sector, Shehzad Ali said th
Published 25 Sep, 2010 12:00am
PHP, district police liaison is vital for curbing crimes: RPO

PHP, district police liaison is vital for curbing crimes: RPO

Regional Police Officer (RPO) Aftab Ahmad Cheema has said that strong professional liaison between Punjab Highways Patrol (PHP) and district police is vital for curbing crimes and an effective mechanism is being evolved for this purpose.
Published 25 Sep, 2010 12:00am
Capital police arrest ten criminals in anti-outlaws drive

Capital police arrest ten criminals in anti-outlaws drive

Islamabad Police have arrested ten persons during its anti-outlaws drive involved in dacoities, theft, car snatching, drug trafficking, recovering stolen car, oil tanker, stolen petrol, arms, drugs, mobile phones and computers from their possession.
Published 25 Sep, 2010 12:00am
LHC disposes of habeas corpus petition

LHC disposes of habeas corpus petition

The Lahore High Court Chief Justice (CJ) here on Friday disposed of a habeas corpus petition of a woman after her counsel told the court that son of the petitioner had been released. Akhter Bano of Harbanspura had filed petition for the recovery of her tw
Published 25 Sep, 2010 12:00am
Bank Alfalah, NTL sign agreement

Bank Alfalah, NTL sign agreement

Bank Alfalah Ltd signed an agreement with Nadra Technologies Ltd (NTL) to provide solutions to facilitate the unbanked community of Pakistan. By virtue of this agreement, Bank Alfalah once again reiterated its brand promise of 'The Caring Bank" and joined
Published 25 Sep, 2010 12:00am
New tourism policy likely to be announced early next year

New tourism policy likely to be announced early next year

Federal Minister for Tourism Atta ur Rehman has said the new tourism policy is likely to be announced in February or March 2011. The minister said, "I am serious, committed and determined to see revival of tourism in Pakistan. My aim is to place Pakistan
Published 25 Sep, 2010 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

It is clear by now, like day light that what stance the two major political parties would take on the issue of immunity to President Asif Ali Zardai after the Prime Minister Yousaf Raza Gilani speech in the Senate and Pakistan Muslim League Chief Mian Naw
Published 25 Sep, 2010 12:00am
Strike called off

Strike called off

The non-gazetted employees of income tax, excise and sales tax department here on Friday called off 'pen-down strike' after partial acceptance of their demands, leader of the protesting employees organisation said. The non-gazetted employees of the depart
Published 25 Sep, 2010 12:00am
AGP denies reports about resignation

AGP denies reports about resignation

Attorney General of Pakistan, Moulvi Anwarul Haq on Friday vehemently rejected certain media reports about his resignation. Talking to a group of media-men in his office, he said there was no truth in such reports. Anwarul Haq categorically stated that th
Published 25 Sep, 2010 12:00am
Appointments of PPP workers sans merit: Senate forms special committee

Appointments of PPP workers sans merit: Senate forms special committee

The Senate on Friday constituted a special house committee to scrutinise appointments in various public sector organisations following allegations and subsequent walk-out by coalition partners over what they considered appointments of Pakistan People's Pa
Published 25 Sep, 2010 12:00am
InfoTech supporting 'P@SHA ICT Awards'

InfoTech supporting 'P@SHA ICT Awards'

Pakistan InfoTech is extending support to "P@SHA ICT Awards" for the second year running. Joining the event as a Platinum Sponsor, InfoTech affirms its commitment to growing businesses in the domestic market. Commenting on the Awards, Naseer Akhtar, Presi
Published 25 Sep, 2010 12:00am
The Weather

The Weather

The weather report on Friday (September 24, 2010) and the forecast for Saturday (September 25, 2010).

Published 25 Sep, 2010 12:00am
Competition Bill passage termed 'welcome step'

Competition Bill passage termed 'welcome step'

Former Chairman Competition Commission of Pakistan (CCP) Khalid Mirza has said that the passage of the Competition Bill by the National Assembly has shown confidence of the government into the agency for protection of the general consumers. In his reactio
Published 25 Sep, 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 25 Sep, 2010 12:00am
MoC sidelining TDAP in major trade dealings

MoC sidelining TDAP in major trade dealings

With country's trade being the ultimate sufferer, the Ministry of Commerce (MoC) and Trade Development Authority of Pakistan (TDAP) are at loggerheads in a quest for power. TDAP, an autonomous body, which is responsible for promotion of country's exports,
Published 25 Sep, 2010 12:00am
APHC leaders denounce Krishna's statement

APHC leaders denounce Krishna's statement

Chairman of All Parties Hurriyet Conference (APHC) Mirwaiz Umar Farooq and veteran Kashmiri leader Syed Ali Geelani have denounced Indian Foreign Minister S M Krishna's statement that Kashmir is the integral part of India. The two leaders, in their separa
Published 25 Sep, 2010 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 25 Sep, 2010 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 25 Sep, 2010 12:00am
Value-added sector: regular gas supply during winter season demanded

Value-added sector: regular gas supply during winter season demanded

Chaudhry Salamat Ali (Faisalabad) and Faisal Mehboob Sheikh (Sialkot) were elected as chairman and vice chairman of Pakistan Hosiery Manufacturers & Exporters Association (PHMEA) North Zone (NZ) respectively. The election process, which started on 17th Ju
Published 25 Sep, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (September 24, 2010).

Published 25 Sep, 2010 12:00am
PTA, Comsats sign MoU for telecom research

PTA, Comsats sign MoU for telecom research

Pakistan Telecommunication Authority (PTA) and Comsats Institute of Information Technology have signed a Memorandum of Understanding (MoU) in order to promote the telecom research that would be beneficial not only for both the organisations but also for t
Published 25 Sep, 2010 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on September 21, 2010.

Published 25 Sep, 2010 12:00am
'Government to ensure distribution of Rs 20,000 in a transparent manner'

'Government to ensure distribution of Rs 20,000 in a transparent manner'

Provincial Minister for Finance and Planning and Development Tanvir Ashraf Kaira said on Friday the government would ensure distribution of Rs 20,000 per flood affected family in an automated and transparent manner. He was talking to a delegation of MPAs
Published 25 Sep, 2010 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on September 21, 2010.

Published 25 Sep, 2010 12:00am
Pakistanis don't want Talibanisation of region: Qureshi

Pakistanis don't want Talibanisation of region: Qureshi

Vowing Islamabad's unfaltering commitment to fighting terrorists despite epic floods challenge, Foreign Minister Shah Mahmood Qureshi on Friday said the Pakistanis do not want Talibanization of the region. "Notwithstanding the challenges, nobody should pr
Published 25 Sep, 2010 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on September 21, 2010.

Published 25 Sep, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (September 24, 2010).

Published 25 Sep, 2010 12:00am
Syed Johar elected as Chairman KATI

Syed Johar elected as Chairman KATI

Syed Johar Ali Qandhari has been elected unopposed as Chairman while Shahid Jawed Qureshi and Naseem-Us-Zama have been elected unopposed as Vice-Chairmen's of Korangi Association of Trade and Industry (KATI) for the term of 2010-11.
Published 25 Sep, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (September 24, 2010).

Published 25 Sep, 2010 12:00am
Pagara to invite Nawaz to join APML: Shujaat

Pagara to invite Nawaz to join APML: Shujaat

Chaudhry Shujaat Hussain, President of Pakistan Muslim League Quaid-e-Azam, said that Pir Pagara will invite Nawaz Sharif to join All Pakistan Muslim League (APML). In a brief interview with a private TV channel, Chaudhry Shujaat said some members of Paki
Published 25 Sep, 2010 12:00am
EU parliament member reaffirms support for greater market access

EU parliament member reaffirms support for greater market access

Sajjad H. Karim, Conservative Member and founder Chairman of the Friends of Pakistan Committee in the European Parliament, reaffirmed his continued support for helping Pakistan to gain greater market access to the EU. He made these comments on Thursday wh
Published 25 Sep, 2010 12:00am
Irsa starts releasing water from Tarbela, Mangla dams

Irsa starts releasing water from Tarbela, Mangla dams

Indus River System Authority (Irsa) has started releasing water from Tarbela and Mangla dams for maturing rice and other summer crops as water flow in the four rivers has dipped to 1,74,000 cusecs. Irsa released 1.06,000 cusecs water from the Tarbela dam
Published 25 Sep, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (September 24, 2010).

Published 25 Sep, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (September 24, 2010).

Published 25 Sep, 2010 12:00am
Hoax bomber alert spreads panic

Hoax bomber alert spreads panic

Security was put on high alert after a hoax SMS regarding entry of suicide bombers into Muslim Bagh, tehsil of district Killa Saifullah, was received on Friday. Deputy Commissioner Killa Saifullah Waqas told APP that security was put on high alert after a
Published 25 Sep, 2010 12:00am
Norway''s central bank sues Citigroup

Norway''s central bank sues Citigroup

Norway''s central bank has sued Citigroup for allegedly providing false financial statements which led to losses of more than 700 million dollars, a Citi official said Friday. Norges Bank has complained that Citigroup repeatedly issued "untrue statements
Published 25 Sep, 2010 12:00am
Norway's central bank sues Citigroup

Norway's central bank sues Citigroup

Norway's central bank has sued Citigroup for allegedly providing false financial statements which led to losses of more than 700 million dollars, a Citi official said Friday. Norges Bank has complained that Citigroup repeatedly issued "untrue statements a
Published 25 Sep, 2010 12:00am
THE RUPEE: dollar at record high

THE RUPEE: dollar at record high

KARACHI: Increased dollar buying pushed the rupee to touch the record low level after crossing 86 mark on both the open and interbank market on Friday, dealers said. The rupee lost seven paisa against dollar at 85.97 for buying and shed six paisa for sell
Published 25 Sep, 2010 12:00am
Norway's central bank sues Citigroup

Norway's central bank sues Citigroup

Norway's central bank has sued Citigroup for allegedly providing false financial statements which led to losses of more than 700 million dollars, a Citi official said Friday. Norges Bank has complained that Citigroup repeatedly issued "untrue statements a
Published 25 Sep, 2010 12:00am
THE RUPEE: dollar at record high

THE RUPEE: dollar at record high

KARACHI: Increased dollar buying pushed the rupee to touch the record low level after crossing 86 mark on both the open and interbank market on Friday, dealers said. The rupee lost seven paisa against dollar at 85.97 for buying and shed six paisa for sell
Published 25 Sep, 2010 12:00am
$19.943 million shares bought by foreigners in September

$19.943 million shares bought by foreigners in September

A healthy inflow of $19.943 million in foreign investors'' portfolio investment (FIPI) was witnessed at the equity market during the current month. According to the National Clearing Company of Pakistan (NCCP) data, the cumulative inflow of this mode of i
Published 25 Sep, 2010 12:00am
$19.943 million shares bought by foreigners in September

$19.943 million shares bought by foreigners in September

A healthy inflow of $19.943 million in foreign investors' portfolio investment (FIPI) was witnessed at the equity market during the current month. According to the National Clearing Company of Pakistan (NCCP) data, the cumulative inflow of this mode of in
Published 25 Sep, 2010 12:00am
$19.943 million shares bought by foreigners in September

$19.943 million shares bought by foreigners in September

A healthy inflow of $19.943 million in foreign investors' portfolio investment (FIPI) was witnessed at the equity market during the current month. According to the National Clearing Company of Pakistan (NCCP) data, the cumulative inflow of this mode of in
Published 25 Sep, 2010 12:00am
UN speakers urge Pakistan to free up arms talks

UN speakers urge Pakistan to free up arms talks

Heaping pressure on Pakistan, a high-level UN meeting called on Friday for talks to start immediately on a treaty to ban production of fissile material used as fuel for nuclear weapons. But Pakistan has insisted it will continue to block such talks, argui
Published 25 Sep, 2010 12:00am
UN speakers urge Pakistan to free up arms talks

UN speakers urge Pakistan to free up arms talks

Heaping pressure on Pakistan, a high-level UN meeting called on Friday for talks to start immediately on a treaty to ban production of fissile material used as fuel for nuclear weapons. But Pakistan has insisted it will continue to block such talks, argui
Published 25 Sep, 2010 12:00am
Foreign investors repatriate over $100 million abroad

Foreign investors repatriate over $100 million abroad

The foreign investors have repatriated over 100 million dollars abroad on account of profit and dividend, despite slackness in the Pakistan''s economy and global economic recession. However, repatriated amount during the first two months of the current fi
Published 25 Sep, 2010 12:00am
Foreign investors repatriate over $100 million abroad

Foreign investors repatriate over $100 million abroad

The foreign investors have repatriated over 100 million dollars abroad on account of profit and dividend, despite slackness in the Pakistan's economy and global economic recession. However, repatriated amount during the first two months of the current fis
Published 25 Sep, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (September 24, 2010).

Published 25 Sep, 2010 12:00am
Foreign investors repatriate over $100 million abroad

Foreign investors repatriate over $100 million abroad

The foreign investors have repatriated over 100 million dollars abroad on account of profit and dividend, despite slackness in the Pakistan's economy and global economic recession. However, repatriated amount during the first two months of the current fis
Published 25 Sep, 2010 12:00am
US Congress moves to punish China on currency

US Congress moves to punish China on currency

The US Congress moved Friday to open the way for retaliation against China over its currency, warning that it has lost patience with quiet efforts to press Beijing to let its yuan appreciate. One day after President Barack Obama pressed Chinese Premier We
Published 25 Sep, 2010 12:00am
US Congress moves to punish China on currency

US Congress moves to punish China on currency

The US Congress moved Friday to open the way for retaliation against China over its currency, warning that it has lost patience with quiet efforts to press Beijing to let its yuan appreciate. One day after President Barack Obama pressed Chinese Premier We
Published 25 Sep, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Sep, 2010 12:00am
US Congress moves to punish China on currency

US Congress moves to punish China on currency

The US Congress moved Friday to open the way for retaliation against China over its currency, warning that it has lost patience with quiet efforts to press Beijing to let its yuan appreciate. One day after President Barack Obama pressed Chinese Premier We
Published 25 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 25 Sep, 2010 12:00am
Transparent use of donors'' relief funds guaranteed under PPR (2004)

Transparent use of donors'' relief funds guaranteed under PPR (2004)

The government of Pakistan has guaranteed the donors that funds received for flood relief will be spent under Public Procurement Rules (PPR) 2004. Transparency International Pakistan Chairman Syed Adil Gilani told Business Recorder here on Friday o
Published 25 Sep, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Sep, 2010 12:00am
Transparent use of donors' relief funds guaranteed under PPR (2004)

Transparent use of donors' relief funds guaranteed under PPR (2004)

The government of Pakistan has guaranteed the donors that funds received for flood relief will be spent under Public Procurement Rules (PPR) 2004. Transparency International Pakistan Chairman Syed Adil Gilani told Business Recorder here on Friday o
Published 25 Sep, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 25 Sep, 2010 12:00am
Transparent use of donors' relief funds guaranteed under PPR (2004)

Transparent use of donors' relief funds guaranteed under PPR (2004)

The government of Pakistan has guaranteed the donors that funds received for flood relief will be spent under Public Procurement Rules (PPR) 2004. Transparency International Pakistan Chairman Syed Adil Gilani told Business Recorder here on Friday o
Published 25 Sep, 2010 12:00am
Prithvi-II missile test fails

Prithvi-II missile test fails

India's nuclear-capable Prithvi-II ballistic missile failed to take off during a test Friday due to a technical problem, news reports said. A snag either in the main missile or the sub-system, was a reason for this Indian defence sources a foreign televis
Published 25 Sep, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 Sep, 2010 12:00am
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