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Print - 2010-10-27
'Examining Privatisation in Pakistan 2006-2010' launched

'Examining Privatisation in Pakistan 2006-2010' launched

Pakistan confronts multiple challenges at present including terrorism, rehabilitation of flood-hit people and a weakening economy; all point toward an administration crisis that the government is facing from the past few years. Perhaps it's the involvemen
Published 27 Oct, 2010 12:00am
CCP issues show-cause notices to 18 poultry feed mills

CCP issues show-cause notices to 18 poultry feed mills

The Competition Commission of Pakistan (CCP) has issued Show Cause Notices to 18 poultry feed mills for prima facie engaging in cartelization and collusive price fixing practices prohibited under Section 4 of the Competition Act 2010 (the 'Act').
Published 27 Oct, 2010 12:00am
Refund cheques to be issued only from CSTRO: LTUs, RTOs told

Refund cheques to be issued only from CSTRO: LTUs, RTOs told

The Federal Board of Revenue (FBR) has directed the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to only allow payment of sales tax refund cheques from the Centralised Sales Tax Refund Office (CSTRO) to exporters. Sources told Business R
Published 27 Oct, 2010 12:00am
The Weather

The Weather

The weather report on Tuesday (October 26, 2010) and the forecast for Wednesday (October 27, 2010).

Published 27 Oct, 2010 12:00am
Targeted killings of Kohlu labourers condemned

Targeted killings of Kohlu labourers condemned

Pashtunkhwa Milli Awami Party (PkMAP) has strongly condemned target killing of three labourers and injuring others in Kohlu. According to a statement issued by PkMAP Provincial Secretariat on Tuesday, the party regretted that gunmen attacked a group of la
Published 27 Oct, 2010 12:00am
'Pakistan kay Hakim' launched

'Pakistan kay Hakim' launched

Senator Abdul Haseeb Khan has said the only option remains for Pakistan to flourish is to fulfil the vision of Quaid-e-Azam Mohammad Ali Jinnah in letters and spirit. He was speaking at the launching ceremony of his book "Pakistan Kay Hakim" (Rulers of Pa
Published 27 Oct, 2010 12:00am
DIG Islamabad awarded for his role against terrorists

DIG Islamabad awarded for his role against terrorists

Deputy Inspector General (DIG) of Islamabad Police, Bani Amin was awarded prize for his meritorious services in fight against terrorists and other criminals. The special prize was formally awarded to him by Minister for Interior Rehman Malik as an acknowl
Published 27 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 27 Oct, 2010 12:00am
Raisani meets Zardari

Raisani meets Zardari

Chief Minister Balochistan Nawab Muhammad Aslam Raisani called on President Asif Ali Zardari here at Aiwan-e-Sadr on Tuesday. Matters relating to law and order, political situation, developmental projects in the province and measures taken for rehabilitat
Published 27 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 27 Oct, 2010 12:00am
'Economy will witness low economic growth, high double-digit inflation'

'Economy will witness low economic growth, high double-digit inflation'

There is a serious threat that Pakistan economy could get entrenched into a prolonged and deep stagflation unless decisive and concerted action is taken by policy makers according to the Monetary Policy Viewpoint released here on Tuesday by the Pakistan I
Published 27 Oct, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 26, 2010).

Published 27 Oct, 2010 12:00am
Administrator takes notice of poor sanitary conditions

Administrator takes notice of poor sanitary conditions

Administrator Fazlur Rehman has taken notice of improper sanitation condition in some towns and directed town administrators to personally monitor the cleaning and spray work in their area and to prepare co-ordinated plan for lifting and disposal of offal
Published 27 Oct, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 26, 2010).

Published 27 Oct, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 26, 2010).

Published 27 Oct, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (October 26, 2010) and for Wednesday (October 27, 2010)
Published 27 Oct, 2010 12:00am
Health officers exhorted to take measures for controlling dengue fever

Health officers exhorted to take measures for controlling dengue fever

In order to control and eradicate dengue virus from district Hyderabad, MNA Syed Tayab Hussain presided over a meeting of health officers, taluka administrators and district administration at Circuit House Hyderabad on Tuesday. MNA Syed Tayab Hussain said
Published 27 Oct, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 26, 2010).

Published 27 Oct, 2010 12:00am
PIE plans to expand Sundar Industrial Estate

PIE plans to expand Sundar Industrial Estate

In view of emerging demand for industrial plots by the multinational companies, the Punjab Industrial Estates Development and Management Company (PIE) has planned to expand the Sundar Industrial Estate. PIE wants to develop 50 acres of land so that the mu
Published 27 Oct, 2010 12:00am
Minister stresses need to enhance tax agencies' capacity

Minister stresses need to enhance tax agencies' capacity

Punjab Finance Minister Tanvir Ashraf Kaira has stressed need for enhancing capacity of tax collecting agencies to increase provincial revenue. He also stressed for simplifying the system of all institutions responsible for tax collection so that industri
Published 27 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 26, 2010).

Published 27 Oct, 2010 12:00am
Aftab Ahmed assumes position as MD/CEO LSE

Aftab Ahmed assumes position as MD/CEO LSE

South Asian Federation of Exchanges (SAFE) has announced here on Tuesday that Aftab Ahmed Chaudhry the SAFE Secretary General has assumed the full time position as MD/CEO of Lahore Stock Exchange (LSE) with effect from October 22, 2010. With the assumptio
Published 27 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 26, 2010).

Published 27 Oct, 2010 12:00am
Government mulls over signing two extradition treaties

Government mulls over signing two extradition treaties

The government is deliberating to ink two extradition treaties, the Council of Europe Treaty, and OAF (Operation Allied Forces) Convention, sources in Interior Ministry said. The government is minutely studying these treaties to ensure that they will not
Published 27 Oct, 2010 12:00am
CPSP considering to hold online exams for FCPS-I

CPSP considering to hold online exams for FCPS-I

President College of Physicians and Surgeons Pakistan (CPSP) Professor Zafarullah Chaudhry has said due to increasing number of FCPS-I candidates every year we are considering to hold online examination. He was talking to professors and supervisors at Fat
Published 27 Oct, 2010 12:00am
THE RUPEE: dollar down marginally

THE RUPEE: dollar down marginally

Firmness prevailed on the currency market on Tuesday as the rupee struggled to bring back some lustre in process of easy supply of dollars, dealers said. The rupee inched up by one paisa against dollar for buying at 85.84 and it also rose by two paisa for
Published 27 Oct, 2010 12:00am
Taxpayer ledger system key component of RGST: World Bank

Taxpayer ledger system key component of RGST: World Bank

The World Bank review mission has observed that the introduction of the taxpayer ledger system is a key component of the reformed general sales tax (RGST) as it will document financial transactions of the registered persons after implementation of RGST.
Published 27 Oct, 2010 12:00am
THE RUPEE: dollar down marginally

THE RUPEE: dollar down marginally

Firmness prevailed on the currency market on Tuesday as the rupee struggled to bring back some lustre in process of easy supply of dollars, dealers said. The rupee inched up by one paisa against dollar for buying at 85.84 and it also rose by two paisa for
Published 27 Oct, 2010 12:00am
MQM delegation calls on Prime Minister

MQM delegation calls on Prime Minister

A delegation of Muttahida Qaumi Movement (MQM) called on prime minister Syed Yousuf Raza Gilani at the Governor House here on Tuesday. The delegation comprised MQM's deputy convenor and federal minister for overseas Pakistanis Dr Farooq Sattar, and federa
Published 27 Oct, 2010 12:00am
Government urged to conduct survey of cotton production

Government urged to conduct survey of cotton production

Industrialists have urged the government to conduct survey to ascertain exact figure of cotton production in the country to have a complete picture of cotton production figures. Talking to Business Recorder, Chairman Federal B. Area Association of Trade a
Published 27 Oct, 2010 12:00am
Holbrooke phones President Zardari

Holbrooke phones President Zardari

US Special Representative for Afghanistan and Pakistan Richard Holbrooke on Tuesday telephoned President Asif Ali Zardari and discussed matters relating to the recently held Pak-US Strategic Dialogue. They also discussed struggle against militancy and ext
Published 27 Oct, 2010 12:00am
Lotte's profit after tax rises to Rs 3.186 billion

Lotte's profit after tax rises to Rs 3.186 billion

The profit after tax of Lotte Pakistan PTA has increased to Rs 3.186 billion in the nine month period ended September 30, 2010 as compared to Rs 2.164 billion earned in the corresponding period in 2009. The board of directors of the company in its meeting
Published 27 Oct, 2010 12:00am
Lotte's profit after tax rises to Rs 3.186 billion

Lotte's profit after tax rises to Rs 3.186 billion

The profit after tax of Lotte Pakistan PTA has increased to Rs 3.186 billion in the nine month period ended September 30, 2010 as compared to Rs 2.164 billion earned in the corresponding period in 2009. The board of directors of the company in its meeting
Published 27 Oct, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (October 26, 2010).

Published 27 Oct, 2010 12:00am
Bilour agrees on running special cargo trains to transport ATTA goods

Bilour agrees on running special cargo trains to transport ATTA goods

Federal Minister for Railways, Ghulam Ahmad Bilour on Tuesday agreed with suggestion about running of special cargo trains, twice in a week, from Karachi to Peshawar for transportation of goods imported under Afghan Transit Trade Agreement (ATTA).
Published 27 Oct, 2010 12:00am
Amir gets best CIO of the year award

Amir gets best CIO of the year award

Pakistan Software Houses Association (P@SHA) has awarded its Best CIO of the Year (Public Sector) to Muhammad Amir Malik, Director (ICT), Pakistan Telecommunication Authority for his outstanding contribution towards the development of ICT sector of the co
Published 27 Oct, 2010 12:00am
Trade bodies asked to request members to curtail gas consumption

Trade bodies asked to request members to curtail gas consumption

Sui Southern Gas Company (SSGC) has appealed to the trade associations to request their respective members to curtail gas consumption of their business units voluntarily by 20 percent for certain period due to gas shortage.
Published 27 Oct, 2010 12:00am
HSSC Part-II annual exams results announced

HSSC Part-II annual exams results announced

Controller of Examinations, Board of Intermediate Karachi (BIEK), Professor Agha Akber Mirza on Tuesday announced results of Higher Secondary School Certificate (HSSC), Part-II annual examinations 2010 of humanities (regular, private and special candidate
Published 27 Oct, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Oct, 2010 12:00am
Media accused of discouraging investors

Media accused of discouraging investors

Minister for Labour and Manpower Khursheed Shah on Tuesday held media solely responsible for the country's deteriorating economy, saying that some committed investors were hesitant because of dismal portrayal of the country's affairs by media. The ministe
Published 27 Oct, 2010 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 27 Oct, 2010 12:00am
AI for investigation into Balochistan violence

AI for investigation into Balochistan violence

Rights group Amnesty International called on Pakistan Tuesday to investigate the alleged torture and killing of more than 40 political leaders and activists in Balochistan. Amnesty said the cases have occurred in the last four months against a backdrop of
Published 27 Oct, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Oct, 2010 12:00am
AI for investigation into Balochistan violence

AI for investigation into Balochistan violence

Rights group Amnesty International called on Pakistan Tuesday to investigate the alleged torture and killing of more than 40 political leaders and activists in Balochistan. Amnesty said the cases have occurred in the last four months against a backdrop of
Published 27 Oct, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 Oct, 2010 12:00am
Ajaz made Secretary PC

Ajaz made Secretary PC

Federal government on Tuesday appointed Ajaz Chaudhary as secretary Privatisation Commission with immediate effect. In another move, Qazi Afaq was appointed as secretary Ministry of Religion Affairs and Usher. Establishment Division has issued notificatio
Published 27 Oct, 2010 12:00am
Ajaz made Secretary PC

Ajaz made Secretary PC

Federal government on Tuesday appointed Ajaz Chaudhary as secretary Privatisation Commission with immediate effect. In another move, Qazi Afaq was appointed as secretary Ministry of Religion Affairs and Usher. Establishment Division has issued notificatio
Published 27 Oct, 2010 12:00am
Ajaz made Secretary PC

Ajaz made Secretary PC

Federal government on Tuesday appointed Ajaz Chaudhary as secretary Privatisation Commission with immediate effect. In another move, Qazi Afaq was appointed as secretary Ministry of Religion Affairs and Usher. Establishment Division has issued notificatio
Published 27 Oct, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Oct, 2010 12:00am
Arundhati Roy defends Kashmir statements

Arundhati Roy defends Kashmir statements

Indian author Arundhati Roy, facing possible sedition charges over remarks she made about held Kashmir, said on Tuesday she had only been calling for "justice" for the region. Roy's statement came after police in New Delhi said they weighing whether to br
Published 27 Oct, 2010 12:00am
Arundhati Roy defends Kashmir statements

Arundhati Roy defends Kashmir statements

Indian author Arundhati Roy, facing possible sedition charges over remarks she made about held Kashmir, said on Tuesday she had only been calling for "justice" for the region. Roy's statement came after police in New Delhi said they weighing whether to br
Published 27 Oct, 2010 12:00am
Tighter derivatives rules gain headway in US, EU

Tighter derivatives rules gain headway in US, EU

The first global crackdown on the $615-trillion derivatives market gained momentum on Tuesday when US regulators unveiled a new tool to police would-be fraudsters and European officials urged tighter controls. Moving to rein in vast markets that were only
Published 27 Oct, 2010 12:00am
Tighter derivatives rules gain headway in US, EU

Tighter derivatives rules gain headway in US, EU

The first global crackdown on the $615-trillion derivatives market gained momentum on Tuesday when US regulators unveiled a new tool to police would-be fraudsters and European officials urged tighter controls. Moving to rein in vast markets that were only
Published 27 Oct, 2010 12:00am
Tighter derivatives rules gain headway in US, EU

Tighter derivatives rules gain headway in US, EU

The first global crackdown on the $615-trillion derivatives market gained momentum on Tuesday when US regulators unveiled a new tool to police would-be fraudsters and European officials urged tighter controls. Moving to rein in vast markets that were only
Published 27 Oct, 2010 12:00am
Ogra making a mockery of its rules!

Ogra making a mockery of its rules!

Oil and Gas Regulatory Authority (Ogra) will conduct written tests for 39 candidates today (Wednesday) for the post of executive secretary amid reports that the candidate has allegedly already been selected for the post, Business Recorder has learn
Published 27 Oct, 2010 12:00am
Ogra making a mockery of its rules!

Ogra making a mockery of its rules!

Oil and Gas Regulatory Authority (Ogra) will conduct written tests for 39 candidates today (Wednesday) for the post of executive secretary amid reports that the candidate has allegedly already been selected for the post, Business Recorder has learn
Published 27 Oct, 2010 12:00am
Ogra making a mockery of its rules!

Ogra making a mockery of its rules!

Oil and Gas Regulatory Authority (Ogra) will conduct written tests for 39 candidates today (Wednesday) for the post of executive secretary amid reports that the candidate has allegedly already been selected for the post, Business Recorder has learn
Published 27 Oct, 2010 12:00am
Clarification

Clarification

This is apropos to a news item appeared in Business Recorder regarding denouncement of Pak-Afghan Transit Trade Agreement (APTTA). The headline of the story was somewhat misleading. The agreement of both the parties that the APTTA accord may be den
Published 27 Oct, 2010 12:00am