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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-10-02
Pakistan faces serious economic challenges: President MCCI

Pakistan faces serious economic challenges: President MCCI

European countries and USA should provide free access to Pakistani products in their markets and should relax duties to give more access to the Pakistani products as Pakistan is passing through the toughest time of its history due to the flood, which has
Published 02 Oct, 2010 12:00am
'All possible steps to be taken to resolve economic issues'

'All possible steps to be taken to resolve economic issues'

Newly elected President Karachi Chamber of Commerce and Industry (KCCI), Muhammad Saeed Shaifq has assured that he will make all possible steps to resolve growing economic tribulations with the co-operation of chamber's members. In a brief speech at the 4
Published 02 Oct, 2010 12:00am
More aid sought for Balochistan flood victims

More aid sought for Balochistan flood victims

Deputy Chairman of Senate Mir Jan Muhammad Khan Jamali has sought more assistance for the flood-stricken people of Balochistan and observed they need help for at least next eight months to survive and fully stand on their feet. He was talking to a team of
Published 02 Oct, 2010 12:00am
Nawaz vows to rehabilitate flood victims

Nawaz vows to rehabilitate flood victims

PML-N Chief, Nawaz Sharif has expressed his firm resolve to go all out for the rehabilitation of flood victims. He said this while talking to PML-N MPA Rana Muhammad Iqbal and PML-N leader Rana Siddique who presented a cheque Rs 450,000 to Nawaz Sharif in
Published 02 Oct, 2010 12:00am
NBP takes action against misreporting by TV channel

NBP takes action against misreporting by TV channel

National Bank of Pakistan (NBP) through senior Counsel Nafees A. Siddiqi, Advocate Supreme Court and Barrister Waleed Khanzada filed a defamation Suit against the Royal TV, its news anchors and its Management in the Honourable Sindh High Court at Karachi
Published 02 Oct, 2010 12:00am
DG ML&C visits Cantonment Board Clifton

DG ML&C visits Cantonment Board Clifton

Director General Military Lands and Cantonments (ML&C) Major General Syed Ithaar Hussain Shah visited Cantonment Board Clifton (CBC) and chaired a briefing. During the briefing he emphasised on delivering the best possible Municipal and Civic service to t
Published 02 Oct, 2010 12:00am
Jawaid Tariq's funeral on Sunday

Jawaid Tariq's funeral on Sunday

Renowned banker, businessman, philanthropist and chairman Highnoon Group, Jawaid Tariq Khan, expired in London on Wednesday. His Namaz-e-Janaza will be offered on Sunday after Asr prayer at Jama Masjid, Masjid Chowk, Phase-I, Defence Housing Authority in
Published 02 Oct, 2010 12:00am
Tameer Bank takes part in UN private sector forum

Tameer Bank takes part in UN private sector forum

Around 70 percent of the unbanked in Pakistan will be able to access socio economic services through Easypaisa by 2015. This was stated by Nadeem Hussain, Founder, President and CEO of Tameer Bank, while chairing the discussion on Financial Inclusion, at
Published 02 Oct, 2010 12:00am
Multan lawyers slam sentence awarded to Dr Aafia

Multan lawyers slam sentence awarded to Dr Aafia

Lawyers of Multan High Court on Friday organised a rally and staged demonstration at SP Chowk on the call of Human Rights Committees of Pakistan Bar Council (PBC) to strongly condemn the unfair, unjust and illegal 86-year sentence awarded to Dr Aafia Sidd
Published 02 Oct, 2010 12:00am
Pesco issues shutdown notices

Pesco issues shutdown notices

Due to necessary maintenance work power supply will remain suspended from 132 KV Hayatabad Grid Station on October 3 from 8am to 2pm that would affect consumers of 11 KV Hayatabad -6,7,8,9,10 Ceil Wood, Fort Slop, Alam Godar, Shah Kas-1 and 2 feeders. Acc
Published 02 Oct, 2010 12:00am
World Bank approves $300 million aid for flood relief efforts

World Bank approves $300 million aid for flood relief efforts

The World Bank approved a credit worth $300 million to assist Pakistan's efforts to respond to the loss of life and destruction wrought by the recent devastating floods. This support, which is part of the Bank's $1 billion commitment for Pakistan's floods
Published 02 Oct, 2010 12:00am
First-ever ECO container train delayed due to floods

First-ever ECO container train delayed due to floods

The worst ever floods in the history of Pakistan triggered by torrential rains have not only resulted in loss of about Rs 2 billion to the Pakistan Railways (PR) but have also delayed the first ever international container train under the banner of Econom
Published 02 Oct, 2010 12:00am
EU support for flood survivors appreciated

EU support for flood survivors appreciated

Pakistan on Friday appreciated "timely support" of European parliament and European Council for their prompt relief assistance for the flood-affected people of Pakistan.
Published 02 Oct, 2010 12:00am
PCDMA urges government to reduce mark-up rate

PCDMA urges government to reduce mark-up rate

Newly elected Chairman Pakistan Chemical and Dyes Merchant Association (PCDMA) Haroon Agar has urged the government to reduce mark-up rate, utility tariff and custom duty. Speaking at 37th annual general body meeting of the association on Thursday he said
Published 02 Oct, 2010 12:00am
Farrukh elected Chairman of PFMA

Farrukh elected Chairman of PFMA

Farrukh Salim and Saad Pervaiz Lodhi have been elected as Chairman and Vice-Chairman respectively for the term 01 October 2010 to 30 September 2011 as announced in the Annual General Body Meeting of Pakistan Footwear Manufacturers Association (PFMA).
Published 02 Oct, 2010 12:00am
Jamaat-e-Islami holds rallies against Nato gunship attack

Jamaat-e-Islami holds rallies against Nato gunship attack

Protest rallies were held in different cities of the country on the appeal of Jamaat-e-Islami (JI) Chief, Syed Munawar Hasan against Nato gunship attack on Pakistan's military post. The protest rallies were held in Lahore, Karachi, Islamabad, Rawalpindi a
Published 02 Oct, 2010 12:00am
Private medical colleges asked to develop code of ethics

Private medical colleges asked to develop code of ethics

The private medical colleges of the Punjab have agreed to halt their admission process and they would not ask the applicants to deposit fees and dues before the display of first merit list for public sector medical and dental colleges of the province.
Published 02 Oct, 2010 12:00am
Women empowerment key to economic uplift: LCCI chief

Women empowerment key to economic uplift: LCCI chief

Lahore Chamber of Commerce and Industry (LCCI) President, Shahzad Ali Malik has said that women empowerment is the key to economic turnaround and Trade Development Authority of Pakistan (TDAP) should double incentives for women entrepreneurs in the larger
Published 02 Oct, 2010 12:00am
Hydel power generation drops by 1,000 megawatts

Hydel power generation drops by 1,000 megawatts

The nation should brace itself for the inevitable severe power shortage knocking at its doors as hydel power generation dropped by further 1,000 MW during the past twenty four hours due to cut in water releases from the dams.
Published 02 Oct, 2010 12:00am
Kaira condemns Nato's air strikes

Kaira condemns Nato's air strikes

Punjab Finance Minister Tanvir Ashraf Kaira has strongly condemned the Nato's air strikes in Pakistan's territory and termed these strikes unjustifiable and intolerable. While talking to various delegations here on Friday, the Minister said Nato should st
Published 02 Oct, 2010 12:00am
LCCI rejects another increase in power tariff

LCCI rejects another increase in power tariff

The Lahore Chamber of Commerce and Industry (LCCI) while rejecting another two percent increase in electricity tariff has termed it detrimental to both the trade and industry and urged the government to withdraw it immediately.
Published 02 Oct, 2010 12:00am
Two percent tariff hike irks power consumers

Two percent tariff hike irks power consumers

Two percent tariff increase has irked domestic and commercial power consumers in the country, who termed it as last straw on the camel's back. The government has increased power tariff by 50 percent in last two and a half years and some 26 percent during
Published 02 Oct, 2010 12:00am
Chairman Aptma for regular meetings of CCAC

Chairman Aptma for regular meetings of CCAC

Chairman All Pakistan Textile Mills Association (Aptma) Gohar Ejaz has urged the federal minister for food and agriculture to hold regular monthly meetings of the Cotton Crop Assessment Committee (CCAC) for better decision making under prevailing situatio
Published 02 Oct, 2010 12:00am
Aamir elected PAAPAM chairman

Aamir elected PAAPAM chairman

Aamir A. Allahwala has been elected unopposed as Chairman Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM), while Syed Nabeel Hashmi elected as Vice Chairman. Election Commissioner Mohammad Saleem announced the official result
Published 02 Oct, 2010 12:00am
PBC, LBA give call to hold rallies on October 4

PBC, LBA give call to hold rallies on October 4

Pakistan Bar Council, Punjab Bar Council (PBC) and Lahore Bar Association (LBA) on Friday gave a call to hold protest rallies, meetings and wear black armbands on Monday (October 4th) against the arrest and police torture of lawyers. They would also lodge
Published 02 Oct, 2010 12:00am
100 lawyers arrested for Section-144 violation

100 lawyers arrested for Section-144 violation

Police arrested more than 100 lawyers from district courts, bar rooms, library, bar canteen and lawyers' chambers, who attempted to take out rally against the arrest of lawyers. The charged police personnel also ransacked bar room ands damaged its furnitu
Published 02 Oct, 2010 12:00am
Hajj operation to start from 10th in Faisalabad

Hajj operation to start from 10th in Faisalabad

Proper arrangements should be made in hajji camps as the hajj operation will start from October 10 in Faisalabad, said DCO Naseem Sadiq while presiding over a meting held at hajji camp set up in Co-operative Training College Sargodha road. Matters relatin
Published 02 Oct, 2010 12:00am
LTIE criticises increase in mark-up rate

LTIE criticises increase in mark-up rate

Industrialists of Lahore Township Industrial Estate (LTIE) have strongly criticised the increase in mark-up rate by 0.5 percent and said that the hike was bound to hit the new investments hard.
Published 02 Oct, 2010 12:00am
Police torture on lawyers condemned

Police torture on lawyers condemned

Chief Justice (CJ) Lahore High Court (LHC) Khwaja Muhammad Sharif has regretted and condemned police torture on the lawyers in the Lahore Bar Association (LBA) here on Saturday. In a meeting with President Lahore High Court Bar Association (LHCBA) Mian Ab
Published 02 Oct, 2010 12:00am
Tajikistan lauds Pakistanis' role in region's peace, stability

Tajikistan lauds Pakistanis' role in region's peace, stability

Syed Naveed Qamar, Federal Minister for Petroleum and Natural Resources of Pakistan led Pakistan's delegation to attend the 2nd ECO Ministerial Meeting on petroleum on Friday in Dushanbe. The first ECO Ministerial Meeting on petroleum was held ten years a
Published 02 Oct, 2010 12:00am
Political orphans, actors trying to destabilise government, says Zardari

Political orphans, actors trying to destabilise government, says Zardari

President Asif Ali Zardari said on Friday that 'political orphans had joined hands with political actors' to destabilise the representative government but they were doomed to be frustrated. The people of Pakistan will never let them succeed in their desig
Published 02 Oct, 2010 12:00am
The Weather

The Weather

The weather report on Friday (October 01, 2010) and the forecast for Saturday (October 02, 2010).

Published 02 Oct, 2010 12:00am
International Day for Older Persons observed

International Day for Older Persons observed

International Day for Older Persons was observed in various cities of the country like many other parts of the world with renewed pledge to give due respect and status to the elderly people. To mark the day different NGOs organised functions and highlight
Published 02 Oct, 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 02 Oct, 2010 12:00am
FBR collects record Rs 282 billion during July-September

FBR collects record Rs 282 billion during July-September

The Federal Board of Revenue has provisionally collected record revenue of Rs 282 billion during first quarter (July-September) of 2010-11, against Rs 232 billion in the same period of last fiscal year, reflecting an extraordinary increase of Rs 50 billio
Published 02 Oct, 2010 12:00am
Barclays Bank's first DOC on October 7

Barclays Bank's first DOC on October 7

Barclays Bank plans to host the first Development Organisations Conference (DOC) at the Serena Hotel in Islamabad on October 7, 2010. The theme of the conference is: 'The Road to Sustainable Development: Challenges, Opportunities & Alliances'.
Published 02 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 02 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 02 Oct, 2010 12:00am
Chief Justice fixes Railways petition for hearing on October 14

Chief Justice fixes Railways petition for hearing on October 14

The Chief Justice Lahore High Court on Friday fixed a petition, filed by Pakistan Railways seeking vacation of the stay earlier granted against the purchase of US locomotives, for hearing on October 14 before the bench of Justice Nisar Ahmad Sheikh.
Published 02 Oct, 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 28, 2010.

Published 02 Oct, 2010 12:00am
Power shortage crosses 4,000 megawatts

Power shortage crosses 4,000 megawatts

Power shortfall crossed 4,000MW during last 24 hours with rise in mercury on the one hand and short gas supply to power producing units on the other hand. A Pepco spokesman said here on Friday that the gap between electricity generation and demand increas
Published 02 Oct, 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 28, 2010.

Published 02 Oct, 2010 12:00am
Prolonged closure of border crossing is 'inconceivable', says US

Prolonged closure of border crossing is 'inconceivable', says US

The United States is confident that Pakistan will soon remove its restriction on the flow of Nato supply convoys across the border into Afghanistan, the special representative for the two countries says. ``It's inconceivable to me that the closing of the
Published 02 Oct, 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 28, 2010.

Published 02 Oct, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 01, 2010).

Published 02 Oct, 2010 12:00am
Dr Aslam elected President Lasbela Chamber

Dr Aslam elected President Lasbela Chamber

Annual elections of different chambers and associations were held recently. As per the result, Dr Muhammad Aslam and Ismail Suttar were elected as president and vice president of Lasbela Chamber of Commerce and Industry (LCCI) for the year 2010-11, respec
Published 02 Oct, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 01, 2010).

Published 02 Oct, 2010 12:00am
ADA campaign emphasises elimination of age discrimination

ADA campaign emphasises elimination of age discrimination

Age Demands Action (ADA) campaign emphasising on eliminating age discrimination and make people aware of the issues of the older people was launched here on Friday. The campaign was organised by HelpAge International to honour the elderly of the country o
Published 02 Oct, 2010 12:00am
Anne W Paterson calls on chief minister Punjab

Anne W Paterson calls on chief minister Punjab

The outgoing US Ambassador Anne W Petersen on Friday paid a farewell call on Punjab Chief Minister Shahbaz Sharif. Matters of mutual interest as well as relief and rehabilitation of floods victims were discussed in the meeting.
Published 02 Oct, 2010 12:00am
Summit stresses need for checking brain drain

Summit stresses need for checking brain drain

The discussions and presentations delivered during the two-day summit on "Leadership Focus People Development for Peak Performance" which concluded here on Friday stressed the need for checking brain drain from the country. The 2nd Lahore Management and H
Published 02 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 01, 2010).

Published 02 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 01, 2010).

Published 02 Oct, 2010 12:00am
Wall Street flash crash sparked by computer algorithm

Wall Street flash crash sparked by computer algorithm

The May 6 Wall Street "Flash Crash" that saw the Dow Jones index dive 700 points within minutes was sparked by a computer algorithm, according to a report by US watchdogs published Friday. The joint report by the Securities and Exchange Commission and the
Published 02 Oct, 2010 12:00am
Wall Street flash crash sparked by computer algorithm

Wall Street flash crash sparked by computer algorithm

The May 6 Wall Street "Flash Crash" that saw the Dow Jones index dive 700 points within minutes was sparked by a computer algorithm, according to a report by US watchdogs published Friday. The joint report by the Securities and Exchange Commission and the
Published 02 Oct, 2010 12:00am
THE RUPEE: Modest recovery on interbank market

THE RUPEE: Modest recovery on interbank market

Modest recovery was witnessed on the interbank market on Friday as the rupee managed to shed some losses versus dollar following increase in the country's foreign exchange reserves, dealers said. The rupee gave up overnight weakness against dollar, gainin
Published 02 Oct, 2010 12:00am
Wall Street flash crash sparked by computer algorithm

Wall Street flash crash sparked by computer algorithm

The May 6 Wall Street "Flash Crash" that saw the Dow Jones index dive 700 points within minutes was sparked by a computer algorithm, according to a report by US watchdogs published Friday. The joint report by the Securities and Exchange Commission and the
Published 02 Oct, 2010 12:00am
THE RUPEE: Modest recovery on interbank market

THE RUPEE: Modest recovery on interbank market

Modest recovery was witnessed on the interbank market on Friday as the rupee managed to shed some losses versus dollar following increase in the country's foreign exchange reserves, dealers said. The rupee gave up overnight weakness against dollar, gainin
Published 02 Oct, 2010 12:00am
Smeda, JCCI initiate project for marble cluster of Jhelum

Smeda, JCCI initiate project for marble cluster of Jhelum

Small and Medium Enterprises Development Authority (Smeda) and Jhelum Chamber of Commerce and Industry (JCCI) have initiated a joint project for marble cluster of Jhelum to improve the energy efficiency and reduce the cost of energy.
Published 02 Oct, 2010 12:00am
US strikes unpopular in tribal belt: poll

US strikes unpopular in tribal belt: poll

Most people in the tribal regions strongly oppose US missile strikes in their territory, with nearly half believing they kill mainly civilians, according to a rare opinion poll that may raise doubts about a key plank of the Obama administration's anti-ter
Published 02 Oct, 2010 12:00am
Gold strikes new high

Gold strikes new high

Gold prices on Friday hit another high of Rs 42,500 per tola up from Rs 42,400 on the local market, trader said. Price of gold per 10 grams also soared to new peak of Rs 36,428 up from Rs 36,342, traders said, adding that the price of yellow metal on the
Published 02 Oct, 2010 12:00am
Gold strikes new high

Gold strikes new high

Gold prices on Friday hit another high of Rs 42,500 per tola up from Rs 42,400 on the local market, trader said. Price of gold per 10 grams also soared to new peak of Rs 36,428 up from Rs 36,342, traders said, adding that the price of yellow metal on the
Published 02 Oct, 2010 12:00am
Gold strikes new high

Gold strikes new high

Gold prices on Friday hit another high of Rs 42,500 per tola up from Rs 42,400 on the local market, trader said. Price of gold per 10 grams also soared to new peak of Rs 36,428 up from Rs 36,342, traders said, adding that the price of yellow metal on the
Published 02 Oct, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (October 01, 2010).

Published 02 Oct, 2010 12:00am
US pressing India to buy US military hardware: FT

US pressing India to buy US military hardware: FT

The United States has stepped up pressure on India to buy US military hardware worth up to 11 billion dollars, ahead of President Barack Obama''s first state visit to the country, a report said Friday. Washington''s hopes of achieving a big commercial "de
Published 02 Oct, 2010 12:00am
US pressing India to buy US military hardware: FT

US pressing India to buy US military hardware: FT

The United States has stepped up pressure on India to buy US military hardware worth up to 11 billion dollars, ahead of President Barack Obama's first state visit to the country, a report said Friday. Washington's hopes of achieving a big commercial "deli
Published 02 Oct, 2010 12:00am
US pressing India to buy US military hardware: FT

US pressing India to buy US military hardware: FT

The United States has stepped up pressure on India to buy US military hardware worth up to 11 billion dollars, ahead of President Barack Obama's first state visit to the country, a report said Friday. Washington's hopes of achieving a big commercial "deli
Published 02 Oct, 2010 12:00am
Reap's new Chairman, VC take charge

Reap's new Chairman, VC take charge

Irfan Ahmed Sheikh and Taufique Ahmad took charge as Chairman and Vice-Chairman of the Rice Exporters Association of Pakistan (REAP) at the Annual General Meeting (AGM) of the Association held here the other day. Both were elected unopposed to their offic
Published 02 Oct, 2010 12:00am
Microsoft sues Motorola for patent infringement

Microsoft sues Motorola for patent infringement

Microsoft filed suit against Motorola on Friday, accusing the US handset maker of violating its patents in mobile phones powered by Google''s Android operating system. Microsoft deputy general counsel Horacio Gutierrez said in a statement that Motorola''s
Published 02 Oct, 2010 12:00am
Microsoft sues Motorola for patent infringement

Microsoft sues Motorola for patent infringement

Microsoft filed suit against Motorola on Friday, accusing the US handset maker of violating its patents in mobile phones powered by Google's Android operating system. Microsoft deputy general counsel Horacio Gutierrez said in a statement that Motorola's A
Published 02 Oct, 2010 12:00am
Microsoft sues Motorola for patent infringement

Microsoft sues Motorola for patent infringement

Microsoft filed suit against Motorola on Friday, accusing the US handset maker of violating its patents in mobile phones powered by Google's Android operating system. Microsoft deputy general counsel Horacio Gutierrez said in a statement that Motorola's A
Published 02 Oct, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Oct, 2010 12:00am
Confusion prevails over continuation of PaCCS

Confusion prevails over continuation of PaCCS

Confusion prevails among importers, exporters and customs agents as the Federal Board of Revenue (FBR) keeps mum over the prospect of continuing use of the software being used by Pakistan Automated Customs Computerised System (PaCCS), developed by Agility
Published 02 Oct, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Oct, 2010 12:00am
Confusion prevails over continuation of PaCCS

Confusion prevails over continuation of PaCCS

Confusion prevails among importers, exporters and customs agents as the Federal Board of Revenue (FBR) keeps mum over the prospect of continuing use of the software being used by Pakistan Automated Customs Computerised System (PaCCS), developed by Agility
Published 02 Oct, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 02 Oct, 2010 12:00am
Confusion prevails over continuation of PaCCS

Confusion prevails over continuation of PaCCS

Confusion prevails among importers, exporters and customs agents as the Federal Board of Revenue (FBR) keeps mum over the prospect of continuing use of the software being used by Pakistan Automated Customs Computerised System (PaCCS), developed by Agility
Published 02 Oct, 2010 12:00am
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