News Archives for Print - 2010-09-26 - Business Recorder

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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2010-09-26

PML-N urged to join unification efforts

PML-N urged to join unification efforts

Ashraf Qureshi, central joint secretary of PML-F, has suggested that PML-N high command, setting aside personal differences, should join the upcoming unification of various factions of Muslim League, otherwise it would have to face a difficult situation i

Published 26 Sep, 2010 12:00am

CGT rules draft: FBR, KSE discussing loss-related issues

CGT rules draft: FBR, KSE discussing loss-related issues

The Federal Board of Revenue (FBR) and the Karachi Stock Exchange (KSE) are extensively discussing issues of 'Wash sales', 'Cross trade' and 'Tax Swap Sale' before notifying the procedure for computation of capital gain tax on stock markets.

Published 26 Sep, 2010 12:00am

CGT rules draft: FBR, KSE discussing loss-related issues

CGT rules draft: FBR, KSE discussing loss-related issues

The Federal Board of Revenue (FBR) and the Karachi Stock Exchange (KSE) are extensively discussing issues of 'Wash sales', 'Cross trade' and 'Tax Swap Sale' before notifying the procedure for computation of capital gain tax on stock markets.

Published 26 Sep, 2010 12:00am

CGT rules draft: FBR, KSE discussing loss-related issues

CGT rules draft: FBR, KSE discussing loss-related issues

The Federal Board of Revenue (FBR) and the Karachi Stock Exchange (KSE) are extensively discussing issues of ''Wash sales'', ''Cross trade'' and ''Tax Swap Sale'' before notifying the procedure for computation of capital gain tax on stock markets.

Published 26 Sep, 2010 12:00am

CGT rules draft: FBR, KSE discussing loss-related issues

CGT rules draft: FBR, KSE discussing loss-related issues

The Federal Board of Revenue (FBR) and the Karachi Stock Exchange (KSE) are extensively discussing issues of ''''Wash sales'''', ''''Cross trade'''' and ''''Tax Swap Sale'''' before notifying the procedure for computation of capital gain tax on stock mark

Published 26 Sep, 2010 12:00am

Steps to generate additional revenue finalised

Steps to generate additional revenue finalised

The government on Saturday finalised taxation measures including imposition of 10 percent income tax surcharge and 1.5 percent flood disaster duty on imports to generate additional revenue to meet the urgent needs of flood affected people, sources told <i

Published 26 Sep, 2010 12:00am

Steps to generate additional revenue finalised

Steps to generate additional revenue finalised

The government on Saturday finalised taxation measures including imposition of 10 percent income tax surcharge and 1.5 percent flood disaster duty on imports to generate additional revenue to meet the urgent needs of flood affected people, sources told <i

Published 26 Sep, 2010 12:00am

Steps to generate additional revenue finalised

Steps to generate additional revenue finalised

The government on Saturday finalised taxation measures including imposition of 10 percent income tax surcharge and 1.5 percent flood disaster duty on imports to generate additional revenue to meet the urgent needs of flood affected people, sources told <i

Published 26 Sep, 2010 12:00am

Anti-India unrest in IHK: India seeks 'sustained dialogue' with Kashmiris

Anti-India unrest in IHK: India seeks 'sustained dialogue' with Kashmiris

India offered on Saturday to hold a "sustained dialogue" with Kashmiris and look at scaling back Indian forces in the restive region to quell a deadly wave of anti-India unrest. The offer was part of an eight-point formula proposed by Home Minister P. Chi

Published 26 Sep, 2010 12:00am

Anti-India unrest in IHK: India seeks 'sustained dialogue' with Kashmiris

Anti-India unrest in IHK: India seeks 'sustained dialogue' with Kashmiris

India offered on Saturday to hold a "sustained dialogue" with Kashmiris and look at scaling back Indian forces in the restive region to quell a deadly wave of anti-India unrest. The offer was part of an eight-point formula proposed by Home Minister P. Chi

Published 26 Sep, 2010 12:00am

Pakistan and Indian foreign ministers to meet soon

Pakistan and Indian foreign ministers to meet soon

Foreign Ministers of Pakistan and India, who had a 'chance encounter' at the United Nations on Friday, are expected to have a substantive meeting in the next two days, according to informed sources. Pakistani Foreign Minister Shah Mahmood Qureshi and Indi

Published 26 Sep, 2010 12:00am

Pakistan and Indian foreign ministers to meet soon

Pakistan and Indian foreign ministers to meet soon

Foreign Ministers of Pakistan and India, who had a 'chance encounter' at the United Nations on Friday, are expected to have a substantive meeting in the next two days, according to informed sources. Pakistani Foreign Minister Shah Mahmood Qureshi and Indi

Published 26 Sep, 2010 12:00am

Fresh approval for dams: Ministry flouting PM's directives

Fresh approval for dams: Ministry flouting PM's directives

The Ministry of Water and Power, is reportedly flouting the Prime Ministers' directives with regard to fresh approval of big and small dams, well-informed sources told Business Recorder. On April 23, 2008, Prime Minister Yousuf Raza Gilani had dire

Published 26 Sep, 2010 12:00am

Fresh approval for dams: Ministry flouting PM's directives

Fresh approval for dams: Ministry flouting PM's directives

The Ministry of Water and Power, is reportedly flouting the Prime Ministers' directives with regard to fresh approval of big and small dams, well-informed sources told Business Recorder. On April 23, 2008, Prime Minister Yousuf Raza Gilani had dire

Published 26 Sep, 2010 12:00am

Fresh approval for dams: Ministry flouting PM''s directives

Fresh approval for dams: Ministry flouting PM''s directives

The Ministry of Water and Power, is reportedly flouting the Prime Ministers'' directives with regard to fresh approval of big and small dams, well-informed sources told Business Recorder. On April 23, 2008, Prime Minister Yousuf Raza Gilani had dir

Published 26 Sep, 2010 12:00am

Export goods manufacturing: no duty drawback revision during 2010-11

Export goods manufacturing: no duty drawback revision during 2010-11

The Federal Board of Revenue would not revise duty drawback rates on the manufacture of export goods during 2010-11 as there is no increase in the rate of customs duty on the import of inputs/raw materials used in the production of finished goods during l

Published 26 Sep, 2010 12:00am

Export goods manufacturing: no duty drawback revision during 2010-11

Export goods manufacturing: no duty drawback revision during 2010-11

The Federal Board of Revenue would not revise duty drawback rates on the manufacture of export goods during 2010-11 as there is no increase in the rate of customs duty on the import of inputs/raw materials used in the production of finished goods during l

Published 26 Sep, 2010 12:00am

Export goods manufacturing: no duty drawback revision during 2010-11

Export goods manufacturing: no duty drawback revision during 2010-11

The Federal Board of Revenue would not revise duty drawback rates on the manufacture of export goods during 2010-11 as there is no increase in the rate of customs duty on the import of inputs/raw materials used in the production of finished goods during l

Published 26 Sep, 2010 12:00am

Turkish Prime Minister does not rule out IMF-backed fiscal reform

Turkish Prime Minister does not rule out IMF-backed fiscal reform

Turkish Prime Minister Tayyip Erdogan said on Saturday he did not completely rule out an International Monetary Fund-backed fiscal reform bill that reins in the public spending. Erdogan, however, told a news conference that the reform's adoption has been

Published 26 Sep, 2010 12:00am

Russian, US space crew lands in Kazakhstan

Russian, US space crew lands in Kazakhstan

A Soyuz capsule carrying two Russian cosmonauts and a US astronaut from the International Space Station landed safely in Kazakhstan on Saturday. "The TMA module has landed," an announcer at Mission Control outside Moscow said to applause from officials an

Published 26 Sep, 2010 12:00am

British film 'Neds' wins top prize

British film 'Neds' wins top prize

A film by Scottish actor and director Peter Mullan, "Neds", won top honours on Saturday at the San Sebastian film festival in northern Spain. The jury, headed by Serbian director Goran Paskaljevic, awarded the Gold Shell to Mullan's coming-of-age tale set

Published 26 Sep, 2010 12:00am

Haiti storm kills five quake survivors, lashes tent city

Haiti storm kills five quake survivors, lashes tent city

A sudden storm has left at least five quake survivors dead and dozens more wounded as it blasted through Haiti's capital, tearing down shabby tent homes, trees and power lines. Those killed on Friday included two young girls and a 93-year-old woman who li

Published 26 Sep, 2010 12:00am

Usmani made President, CEO of MCB Bank

Usmani made President, CEO of MCB Bank

Muhammad Usman Ali Usmani has been appointed as President and Chief Executive Officer of MCB Bank. According to a communiqué sent to Karachi Stock Exchange, the State Bank of Pakistan has in principle granted clearance of Muhammad Usman Ali Usmani as Pres

Published 26 Sep, 2010 12:00am

Usmani made President, CEO of MCB Bank

Usmani made President, CEO of MCB Bank

Muhammad Usman Ali Usmani has been appointed as President and Chief Executive Officer of MCB Bank. According to a communiqué sent to Karachi Stock Exchange, the State Bank of Pakistan has in principle granted clearance of Muhammad Usman Ali Usmani as Pres

Published 26 Sep, 2010 12:00am

Usmani made President, CEO of MCB Bank

Usmani made President, CEO of MCB Bank

Muhammad Usman Ali Usmani has been appointed as President and Chief Executive Officer of MCB Bank. According to a communiqué sent to Karachi Stock Exchange, the State Bank of Pakistan has in principle granted clearance of Muhammad Usman Ali Usmani as Pres

Published 26 Sep, 2010 12:00am

I have no NRO-beneficiary minister: Hoti

I have no NRO-beneficiary minister: Hoti

Chief Minister Khyber Pakhtunkhwa, Ameer Haider Khan Hoti on Saturday said that faces could be changed but not the system and any change in governance must be brought democratically. He expressed these views while talking with newsmen at a ceremony held i

Published 26 Sep, 2010 12:00am

I have no NRO-beneficiary minister: Hoti

I have no NRO-beneficiary minister: Hoti

Chief Minister Khyber Pakhtunkhwa, Ameer Haider Khan Hoti on Saturday said that faces could be changed but not the system and any change in governance must be brought democratically. He expressed these views while talking with newsmen at a ceremony held i

Published 26 Sep, 2010 12:00am

ATC acquits Danish embassy bombing suspects

ATC acquits Danish embassy bombing suspects

The Anti-Terrorism Court (ATC) on Saturday acquitted three accused of 2008 suicide car-bomb attack near the Danish embassy in Islamabad because of lack of evidences produced against them. The judge of the ATC-1, Malik Muhammad Akram Awan after hearing the

Published 26 Sep, 2010 12:00am

ATC acquits Danish embassy bombing suspects

ATC acquits Danish embassy bombing suspects

The Anti-Terrorism Court (ATC) on Saturday acquitted three accused of 2008 suicide car-bomb attack near the Danish embassy in Islamabad because of lack of evidences produced against them. The judge of the ATC-1, Malik Muhammad Akram Awan after hearing the

Published 26 Sep, 2010 12:00am

Hyderabad-Mirpurkhas carriageway: Sindh government, AHBL to sign funding agreement

Hyderabad-Mirpurkhas carriageway: Sindh government, AHBL to sign funding agreement

The Sindh government is going to sign Funding & Utilisation Agreement (FUA) with Arif Habib Bank Limited (AHBL) to ensure transparency in Hyderabad-Mirpurkhas Dual Carriageway (HMDC) project, Business Recorder learnt on Saturday.

Published 26 Sep, 2010 12:00am

Hyderabad-Mirpurkhas carriageway: Sindh government, AHBL to sign funding agreement

Hyderabad-Mirpurkhas carriageway: Sindh government, AHBL to sign funding agreement

The Sindh government is going to sign Funding & Utilisation Agreement (FUA) with Arif Habib Bank Limited (AHBL) to ensure transparency in Hyderabad-Mirpurkhas Dual Carriageway (HMDC) project, Business Recorder learnt on Saturday.

Published 26 Sep, 2010 12:00am

Hyderabad-Mirpurkhas carriageway: Sindh government, AHBL to sign funding agreement

Hyderabad-Mirpurkhas carriageway: Sindh government, AHBL to sign funding agreement

The Sindh government is going to sign Funding & Utilisation Agreement (FUA) with Arif Habib Bank Limited (AHBL) to ensure transparency in Hyderabad-Mirpurkhas Dual Carriageway (HMDC) project, Business Recorder learnt on Saturday.

Published 26 Sep, 2010 12:00am

Rice held at port: Reap team likely to leave for Kenya soon

Rice held at port: Reap team likely to leave for Kenya soon

A delegation of Rice Exporters Association of Pakistan (Reap) is expected to leave for Kenya soon to resolve the issue of Pakistani rice held at Kenyan port. The delegation headed by Reap Vice Chairman Rafiq Sulaman is expected to hold meetings with the o

Published 26 Sep, 2010 12:00am

Rice held at port: Reap team likely to leave for Kenya soon

Rice held at port: Reap team likely to leave for Kenya soon

A delegation of Rice Exporters Association of Pakistan (Reap) is expected to leave for Kenya soon to resolve the issue of Pakistani rice held at Kenyan port. The delegation headed by Reap Vice Chairman Rafiq Sulaman is expected to hold meetings with the o

Published 26 Sep, 2010 12:00am

Rice held at port: Reap team likely to leave for Kenya soon

Rice held at port: Reap team likely to leave for Kenya soon

A delegation of Rice Exporters Association of Pakistan (Reap) is expected to leave for Kenya soon to resolve the issue of Pakistani rice held at Kenyan port. The delegation headed by Reap Vice Chairman Rafiq Sulaman is expected to hold meetings with the o

Published 26 Sep, 2010 12:00am

Afghan government reopens tender for giant iron ore mine

Afghan government reopens tender for giant iron ore mine

The Afghan government on Saturday invited bids from international mining firms to develop an iron ore deposit said to be one of the world's richest, the mines minister said. The Hajigak iron ore mine in central Bamiyan province is believed to hold up to t

Published 26 Sep, 2010 12:00am

Afghan government reopens tender for giant iron ore mine

Afghan government reopens tender for giant iron ore mine

The Afghan government on Saturday invited bids from international mining firms to develop an iron ore deposit said to be one of the world's richest, the mines minister said. The Hajigak iron ore mine in central Bamiyan province is believed to hold up to t

Published 26 Sep, 2010 12:00am

Afghan government reopens tender for giant iron ore mine

Afghan government reopens tender for giant iron ore mine

The Afghan government on Saturday invited bids from international mining firms to develop an iron ore deposit said to be one of the world''s richest, the mines minister said. The Hajigak iron ore mine in central Bamiyan province is believed to hold up to

Published 26 Sep, 2010 12:00am

China allows banks to sell loans to each other

China allows banks to sell loans to each other

China has started allowing banks to sell loans to each other, an important step towards giving market forces bigger sway in the country's financial system, the central bank said on Saturday. Interbank loan transfers will help lenders keep a handle on risk

Published 26 Sep, 2010 12:00am

China allows banks to sell loans to each other

China allows banks to sell loans to each other

China has started allowing banks to sell loans to each other, an important step towards giving market forces bigger sway in the country's financial system, the central bank said on Saturday. Interbank loan transfers will help lenders keep a handle on risk

Published 26 Sep, 2010 12:00am

China allows banks to sell loans to each other

China allows banks to sell loans to each other

China has started allowing banks to sell loans to each other, an important step towards giving market forces bigger sway in the country''s financial system, the central bank said on Saturday. Interbank loan transfers will help lenders keep a handle on ris

Published 26 Sep, 2010 12:00am

Ed Miliband is new UK Labour Party leader

Ed Miliband is new UK Labour Party leader

Britain's opposition Labour Party elected young lawmaker Ed Miliband as its new leader Saturday after he narrowly defeated his older and better-known brother in a contest to replace former prime minister Gordon Brown. Miliband, the 40-year-old ex-climate

Published 26 Sep, 2010 12:00am

Ed Miliband is new UK Labour Party leader

Ed Miliband is new UK Labour Party leader

Britain's opposition Labour Party elected young lawmaker Ed Miliband as its new leader Saturday after he narrowly defeated his older and better-known brother in a contest to replace former prime minister Gordon Brown. Miliband, the 40-year-old ex-climate

Published 26 Sep, 2010 12:00am

Port Qasim channel dredging project: International firms drag CCP, PQA to court

Port Qasim channel dredging project: International firms drag CCP, PQA to court

A consortium of three international dredging companies, recently penalised by the CCP with Rs 50 million each for alleged cartelisation to influence price of the dredging project at Port Qasim has challenged the Commission's decision in a court of law.

Published 26 Sep, 2010 12:00am

Port Qasim channel dredging project: International firms drag CCP, PQA to court

Port Qasim channel dredging project: International firms drag CCP, PQA to court

A consortium of three international dredging companies, recently penalised by the CCP with Rs 50 million each for alleged cartelisation to influence price of the dredging project at Port Qasim has challenged the Commission's decision in a court of law.

Published 26 Sep, 2010 12:00am

Port Qasim channel dredging project: International firms drag CCP, PQA to court

Port Qasim channel dredging project: International firms drag CCP, PQA to court

A consortium of three international dredging companies, recently penalised by the CCP with Rs 50 million each for alleged cartelisation to influence price of the dredging project at Port Qasim has challenged the Commission''s decision in a court of law.

Published 26 Sep, 2010 12:00am

Misuse of material by pipe makers: Steel merchants demand withdrawal of two SROs

Misuse of material by pipe makers: Steel merchants demand withdrawal of two SROs

Steel merchants have demanded that misuse of SROs by pipe manufacturers should not be allowed as it is causing huge financial losses to the national exchequer as well as Pakistan Steel.

Published 26 Sep, 2010 12:00am

Misuse of material by pipe makers: Steel merchants demand withdrawal of two SROs

Misuse of material by pipe makers: Steel merchants demand withdrawal of two SROs

Steel merchants have demanded that misuse of SROs by pipe manufacturers should not be allowed as it is causing huge financial losses to the national exchequer as well as Pakistan Steel.

Published 26 Sep, 2010 12:00am

Misuse of material by pipe makers: Steel merchants demand withdrawal of two SROs

Misuse of material by pipe makers: Steel merchants demand withdrawal of two SROs

Steel merchants have demanded that misuse of SROs by pipe manufacturers should not be allowed as it is causing huge financial losses to the national exchequer as well as Pakistan Steel.

Published 26 Sep, 2010 12:00am

Sugar mills to light up boilers from November 15

Sugar mills to light up boilers from November 15

Sugar millers on Saturday announced that they would light up boilers of their units for sugar production from November 15. Sources told Business Recorder that sugarcane crushing season 2010-11 would by lighting up boilers of sugar processing units

Published 26 Sep, 2010 12:00am

Sugar mills to light up boilers from November 15

Sugar mills to light up boilers from November 15

Sugar millers on Saturday announced that they would light up boilers of their units for sugar production from November 15. Sources told Business Recorder that sugarcane crushing season 2010-11 would by lighting up boilers of sugar processing units

Published 26 Sep, 2010 12:00am

Sugar mills to light up boilers from November 15

Sugar mills to light up boilers from November 15

Sugar millers on Saturday announced that they would light up boilers of their units for sugar production from November 15. Sources told Business Recorder that sugarcane crushing season 2010-11 would by lighting up boilers of sugar processing units

Published 26 Sep, 2010 12:00am

Former DPO granted bail in Sialkot case

Former DPO granted bail in Sialkot case

Anti-Terrorism Court Judge Syed Iftikhar Hussain Shah granted bail to former Sialkot DPO Waqar Ahmed Chohan against surety bonds of Rs 100,000. Advocate Zulifqar Naqvi, Khawaja S. Mushtaq and Zaighamullah Sansi represented the applicant in the court while

Published 26 Sep, 2010 12:00am

Former DPO granted bail in Sialkot case

Former DPO granted bail in Sialkot case

Anti-Terrorism Court Judge Syed Iftikhar Hussain Shah granted bail to former Sialkot DPO Waqar Ahmed Chohan against surety bonds of Rs 100,000. Advocate Zulifqar Naqvi, Khawaja S. Mushtaq and Zaighamullah Sansi represented the applicant in the court while

Published 26 Sep, 2010 12:00am

US drone strike kills four militants in North Waziristan

US drone strike kills four militants in North Waziristan

A missile strike by a US drone on Saturday killed four militants in, near the Afghan border, officials said. The missile strike hit in Datta Khel village area near Miranshah, the main town of North Waziristan tribal district, officials said. "A US drone f

Published 26 Sep, 2010 12:00am

US drone strike kills four militants in North Waziristan

US drone strike kills four militants in North Waziristan

A missile strike by a US drone on Saturday killed four militants in, near the Afghan border, officials said. The missile strike hit in Datta Khel village area near Miranshah, the main town of North Waziristan tribal district, officials said. "A US drone f

Published 26 Sep, 2010 12:00am

General Cable acquires 25 percent share of Pakistan Cable

General Cable acquires 25 percent share of Pakistan Cable

General Cable Corporation (GCC), a USA based global cable company has acquired 25 percent equity stake of Pakistan Cable Limited. In a signing ceremony held in a local hotel here on Saturday, General Cable, having 44 manufacturing units in 22 countries, s

Published 26 Sep, 2010 12:00am

General Cable acquires 25 percent share of Pakistan Cable

General Cable acquires 25 percent share of Pakistan Cable

General Cable Corporation (GCC), a USA based global cable company has acquired 25 percent equity stake of Pakistan Cable Limited. In a signing ceremony held in a local hotel here on Saturday, General Cable, having 44 manufacturing units in 22 countries, s

Published 26 Sep, 2010 12:00am

General Cable acquires 25 percent share of Pakistan Cable

General Cable acquires 25 percent share of Pakistan Cable

General Cable Corporation (GCC), a USA based global cable company has acquired 25 percent equity stake of Pakistan Cable Limited. In a signing ceremony held in a local hotel here on Saturday, General Cable, having 44 manufacturing units in 22 countries, s

Published 26 Sep, 2010 12:00am

Ghulam Mustafa elected SCCI president

Ghulam Mustafa elected SCCI president

The process of annual elections of Sialkot Chamber of Commerce and Industry (SCCI) was completed in a very friendly environment, here on Saturday, wherein Ghulam Mustafa Choudary was elected unopposed as president for year 2010-11. Similarly, Dr Sarfraz B

Published 26 Sep, 2010 12:00am

World Contraception Day today

World Contraception Day today

World Contraception Day will be marked around the world on Sunday (today) and to highlight the importance of the Day Bayer Pakistan organised a symposium at a local hotel here on Saturday. World Contraception Day is a world-wide campaign that takes place

Published 26 Sep, 2010 12:00am

Two accused with arms held

Two accused with arms held

Crime Investigation Department (CID) Police Sindh has arrested accused Rauf Baloch and Iqbal alias Captain, involved in Lyari gang war from Ghulshan-e-Iqbal near Hassan Square. The police also recovered one LMG, 05 Kalashnikovs, 2 rifles, 2 TT pistols, 8

Published 26 Sep, 2010 12:00am

'Steps suggested to curb smuggling through new ATTA'

'Steps suggested to curb smuggling through new ATTA'

Chief Collector of Customs South and Director General of Customs Valuation, Ameer Mohammad Khan Marwat has said import duty structure of Afghanistan is comparatively much lower than Pakistan, which results in huge smuggling of goods from Afghanistan to Pa

Published 26 Sep, 2010 12:00am

Corruption cannot be respected: Qazi Anwar

Corruption cannot be respected: Qazi Anwar

President Supreme Court Bar Association (SCBA), Qazi Muhammad Anwar has said mutual respect is a good thing, but 'corruption' cannot be respected, adding that Supreme Court and High Courts should further judicial activism, as it is the only means to give

Published 26 Sep, 2010 12:00am

Protest demonstrations slam inflated power bills

Protest demonstrations slam inflated power bills

Two protest demonstrations were organised by the traders of Sadar Bazar and adjacent shopping centres in the cantonment area and Vehari Road, Multan against inflated bills of electricity wherein a large number of women also protested. They burnt power bil

Published 26 Sep, 2010 12:00am

Court acquits Jehangir Badar in illegal assets case

Court acquits Jehangir Badar in illegal assets case

A local accountability court acquitted Secretary General of Pakistan People's Party (PPP) Jehangir Badar in illegal assets case. According to details, Badar had charges for acquiring illegal assets worth millions of rupees. Badar said some cases were made

Published 26 Sep, 2010 12:00am

LDA's advice to job seekers

LDA's advice to job seekers

The Lahore Development Authority (LDA) has advised the job applicants to submit their application by September 29. According to LDA's spokesman, last date for applying to three posts of Deputy Director Town Planning LDA, 30 vacancies of Assistant Director

Published 26 Sep, 2010 12:00am

Government determined to overcome flood crisis: Wajid

Government determined to overcome flood crisis: Wajid

Pakistan High Commissioner to the UK Wajid Shamsul Hasan has said that the government is determined to surmount the crisis brought about by the unprecedented floods and the assistance provided by the international community will be used in transparent and

Published 26 Sep, 2010 12:00am

Two killed, six injured in firing incident

Two killed, six injured in firing incident

Three unidentified men opened firing at a mosque 'Al-Qamar' here early on Saturday morning, killing two people and injuring six others. Protesting against the incident, people gathered on the streets and blocked roads and raised slogans against the distri

Published 26 Sep, 2010 12:00am

22nd Convocation of LUMS held

22nd Convocation of LUMS held

22nd Convocation of Lahore University of Management Sciences (LUMS) was held amid high security and extra ordinary security measures were taken by the administration of the University as well as the provincial administration due to the security threats gi

Published 26 Sep, 2010 12:00am

'Higher education the right of every Pakistani'

'Higher education the right of every Pakistani'

President Pakistan Economic Resource Centre Hamid Sultan has said higher education is not just for the privileged class but it is the right of every Pakistani who has been left illiterate due to lack of proper educational facilities in the country.

Published 26 Sep, 2010 12:00am

Seminar on heart diseases held

Seminar on heart diseases held

Speakers while addressing a seminar on "Increasing Heart Diseases and Media Responsibility" stressed the need for raising awareness about increasing heart diseases and said the media should play its role in this regard. Dr Shehryar Cardiologist, Dr Umer C

Published 26 Sep, 2010 12:00am

Documenting the economy

Documenting the economy

On being told that 80 percent of the notices sent to the 119,000 non-filers of tax returns, came back on account of wrong address or were actual filers, a decision has reportedly been taken by FBR's Reform Co-ordination Group (RCG) to utilise the data of

Published 26 Sep, 2010 12:00am

Dr Aafia's ordeal

Dr Aafia's ordeal

US-trained Pakistani neuroscientist Dr Aafia Siddiqui, 38, was convicted after a jury trial in a US federal court of assault with intent to murder her US interrogators in Afghanistan and awarded an extra hard sentence of 86 years in jail. According to the

Published 26 Sep, 2010 12:00am

Corporate governance

Corporate governance

The whole world is in economic and financial crisis. Struggle is going on to come out of it. Several solutions have been suggested and are being offered by scholars, economists, government functionaries and other stakeholders. This piece presents a lucid

Published 26 Sep, 2010 12:00am

Harnessing natural resources

Harnessing natural resources

Everybody knows and realises the havoc that acute shortage of water and power is doing to our country economy. There is a lot of questions but no definite answers, if some one answer nobody believes it. Everyday we read, watch and hear that Pakistan has e

Published 26 Sep, 2010 12:00am

Roma face prejudices across E Europe

Roma face prejudices across E Europe

The recent French expulsions of illegal Roma immigrants has drawn attention to an ethnic minority which has spread across many borders and faces the same problems and prejudices almost everywhere in Central and Eastern Europe. There are several million Ro

Published 26 Sep, 2010 12:00am

Supreme Court is supreme

Supreme Court is supreme

Soon after taking oath as prime minister by selection during World War II, Sir Winston Churchill, in his first cabinet meeting, asked: "is Judiciary functioning", to which the law secretary replied, "It is functioning without let or hindrance throughout t

Published 26 Sep, 2010 12:00am

Please take 'em to Hollywood

Please take 'em to Hollywood

This refers to a September 19 news item that popular Hollywood actress and a UN Goodwill Ambassador Angelina Jolie has recommended our tinselly attired Prime Minister Gilani to a stint in the tinsel town of Hollywood. Gilani, with raw acting talent, to hi

Published 26 Sep, 2010 12:00am

'Flood losses estimated at $43 billion'

'Flood losses estimated at $43 billion'

Punjab Minister for Finance and Planning & Development, Tanvir Ashraf Kaira, has said that Pakistan is passing through a very critical era because the country is facing huge losses due to worst ever flood in Pakistan's history and war against terrorism, g

Published 26 Sep, 2010 12:00am

'Treatment, Care & Support Packages' distributed

'Treatment, Care & Support Packages' distributed

On the direction of Secretary Health, the Punjab AIDS Control Programme, in collaboration with UNICEF and UNAIDS, has distributed "Treatment, Care & Support Packages" to AIDS patients from flood affected districts. The packages were comprised of food item

Published 26 Sep, 2010 12:00am

US CG lauds international community for extending relief aid

US CG lauds international community for extending relief aid

US Consul General William Martin on Friday hosted a reception in honour of the consular corps at his residence here. Speaking on the occasion, he congratulated the consul generals and their government for showing generosity and compassion to the victims o

Published 26 Sep, 2010 12:00am

Reconstructing homes: Nawaz for Rs 100,000 per family

Reconstructing homes: Nawaz for Rs 100,000 per family

Nawaz Sharif said on Saturday that the government should immediately provide Rs 100,000 per family for provinces to construct homes in the flood affected areas. While vowing to rehabilitate the flood affected people as national responsibility, he said tha

Published 26 Sep, 2010 12:00am

Overseas PML-N chapters present cheque for Rs 10 million to Punjab chief minister

Overseas PML-N chapters present cheque for Rs 10 million to Punjab chief minister

Presidents of PML (N) Middle East and United Arab Emirates, Chaudhry Noor-ul-Hassan Tanveer and Chaudhry Altaf Hussain, met Punjab Chief Minister Shahbaz Sharif and presented him a cheque for Rs 10 million for the relief and rehabilitation of flood affect

Published 26 Sep, 2010 12:00am

Gold powers to record above 1,300 dollars

Gold powers to record above 1,300 dollars

Gold prices shot above 1,300 dollars for the first time and silver nailed a 30-year high last week as traders exited the US currency for safe-haven investments on worries about fragile economic recovery. Gold and silver rallied as investment demand propel

Published 26 Sep, 2010 12:00am

Soyabeans soar to one-year high, soyaoil at two-year top

Soyabeans soar to one-year high, soyaoil at two-year top

Front-month soyabean futures on the Chicago Board of Trade soared to a one-year high Friday, surging above $11 a bushel as a drop in the dollar lifted most commodities including grains and oilseeds, traders said. Dollar down broadly as German data boosts

Published 26 Sep, 2010 12:00am

US copper ends at five-month top

US copper ends at five-month top

US copper futures charged to a new five-month top above $3.60 per lb on Friday, with the bullish prospect of a cheap dollar and improved demand outlook through the end of the year powering the recent price momentum. Copper for December delivery finished u

Published 26 Sep, 2010 12:00am

US gold hits record above $1,300 an ounce

US gold hits record above $1,300 an ounce

US gold futures ended higher on Friday, hitting a record above $1,300 an ounce on worries over economic uncertainty after the Federal Reserve raised expectations of new measures to stimulate growth. COMEX December gold futures settled up $1.80 at $1,298.1

Published 26 Sep, 2010 12:00am

Indian corn exports set to climb

Indian corn exports set to climb

India's corn exports are set to climb as Asian feed producers scramble to lock in cheaper cargoes in the face of strengthening global grain prices and a lack of feed wheat from the drought-parched Black Sea area. The country could sell more than 3 million

Published 26 Sep, 2010 12:00am

World cotton 2010-11 imports seen highest in three years: ICAC

World cotton 2010-11 imports seen highest in three years: ICAC

Global cotton imports are forecast to increase by 8 percent to 8.4 million tonnes, the largest level in three years, led by a surge in demand from China, an international farm group said on Thursday. The International Cotton Advisory Committee secretariat

Published 26 Sep, 2010 12:00am

Asian sugar: Indian whites sold; Thai premiums near high

Asian sugar: Indian whites sold; Thai premiums near high

A small quantity of Indian white sugar changed hands for nearby shipment, but consumers shunned Thai origin because of high prices, dealers said on Wednesday. Indonesia's plan to buy nearly half a million tonnes of white sugar for shipment next year had y

Published 26 Sep, 2010 12:00am

Commodity spreads offer gains as markets stall

Commodity spreads offer gains as markets stall

Commodities have disappointed many investors over the last year but there are still gains to be made by trading spreads across and within commodity markets. VOC Capital Management, a small, specialist commodity-only fund manager based in London's Mayfair

Published 26 Sep, 2010 12:00am

India sells soyameal, Australia eyes Iraq tender

India sells soyameal, Australia eyes Iraq tender

India sold some 18,000 tonnes of soymeal to South Korea for November shipment, while Australian exporters are hoping to win a tender issued by Iraq this week to purchase 100,000 tonnes of wheat. India is also actively selling corn, striking deals with fee

Published 26 Sep, 2010 12:00am

Seven flood victims killed as truck overturns

Seven flood victims killed as truck overturns

At least seven people were killed, 24 injured as truck, carrying flood victims from Quetta to Shikarpur, overturned near Bolan Pass, a private TV channel reported on Saturday. The flood victim, settled in Quetta relief camp, were going back to their nativ

Published 26 Sep, 2010 12:00am

Foreign Minister appreciates British government efforts

Foreign Minister appreciates British government efforts

The Foreign Minister Shah Mahmood Qureshi on Saturday thanked the Foreign Secretary of United Kingdom for the assistance provided by the British government and public for the flood victims of Pakistan. The Foreign Minister held a meeting with the Foreign

Published 26 Sep, 2010 12:00am

Government decision to impose 'flood tax' criticised

Government decision to impose 'flood tax' criticised

President of Multan Chamber of Commerce and Industry (MCCI) Malik Asrar Ahmed Awan has vehemently rejected government's decision to introduce flood surcharge on import items, machinery, automobiles, spare parts, medicines, saying levying of import tax to

Published 26 Sep, 2010 12:00am

Manchhar Lake: Water begins to recede

Manchhar Lake: Water begins to recede

The water level at Manchhar Lake started to go down once again with water flowing out from breaches in RD 95, 96 and 97, on Saturday. The breaches widened to 4300-foot. However, the lake continues to receive water from FP Bund, a private news channel repo

Published 26 Sep, 2010 12:00am

Government committed to rehabilitating flood victims: Speaker National Assembly

Government committed to rehabilitating flood victims: Speaker National Assembly

Speaker National Assembly, Dr Fahmida Mirza has said the government is fully aware and committed to meet the challenges to rehabilitate flood victims. "Government has geared up all resources to rehabilitate and compensate the losses to flood victims in co

Published 26 Sep, 2010 12:00am

US wants more aid recognition in Pakistan

US wants more aid recognition in Pakistan

Concerned that US help to Pakistan is not getting enough recognition, Washington is making a new push to get international aid groups it funds to advertise the fact. But it is meeting resistance from partners worried US branding could prompt Taliban attac

Published 26 Sep, 2010 12:00am

Two children die as roof caves in

Two children die as roof caves in

Two children were killed and two women sustained injuries when a three story building collapsed near Gunj Gate, a thinly populated area of Peshawar city on Saturday morning. After getting information regarding the collapse of the building, the rescuers of

Published 26 Sep, 2010 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.10
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.33
Euro to USD / May 13	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
India Sensex / May 13	81,148.22
Tokyo Nikkei / May 13	37,897.71
Nasdaq / May 13	19,010.09
Hang Seng / May 13	23,441.04
FTSE 100 / May 13	8,602.92
Dow Jones / May 13	42,140.43
Germany DAX 30 / May 13	23,638.56
France CAC40 / May 13	7,873.83

Item	Value
Crude Oil USD/Barrel / May 13	63.36
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Gold Spot USD/Ounce / May 13	3,227.76
Cotton US¢/pound / May 13	66.61
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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Gold price per tola falls massive Rs10,400 in Pakistan

Gold price per tola falls massive Rs10,400 in Pakistan

Housing finance schemes: Pakistan govt ready to offer 100% guarantees to banks

Housing finance schemes: Pakistan govt ready to offer 100% guarantees to banks

Buying rally continues at bourse, KSE-100 settles with nearly 1,300-point gain

Buying rally continues at bourse, KSE-100 settles with nearly 1,300-point gain

Pakistan’s $60bn export target: Ministers told to craft business plans

Pakistan’s $60bn export target: Ministers told to craft business plans

NJLI Sarmaya Growth Fund Rates

Rupee settles lower against US dollar

Rupee settles lower against US dollar

Pakistan govt’s debt stock soars to Rs73.6trn by March-end

Pakistan govt’s debt stock soars to Rs73.6trn by March-end

Pakistan govt working on options to increase FED

Pakistan govt working on options to increase FED

Illusion of remittance-driven growth

Illusion of remittance-driven growth

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