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Print - 2010-10-29
UBL profit before tax increased by 30 percent

UBL profit before tax increased by 30 percent

The profit before tax of United Bank Limited (UBL) has increased by 30 percent to Rs 12.924 billion in the nine month period ended September 30, 2010 as compared to Rs 9.951 billion earned in the corresponding period in 2009. The board of directors of the
Published 29 Oct, 2010 12:00am
Malaysia's trade body due next month

Malaysia's trade body due next month

A 30-member trade delegation from the state of Melaka, Malaysia will visit Pakistan next month to further strengthen business relations between Pakistan and Malaysia. This was stated by Consul General of Malaysia in Karachi, Mod Khalid Abdul Razak during
Published 29 Oct, 2010 12:00am
IFS rating of EFU General Insurance reaffirmed as 'AA'

IFS rating of EFU General Insurance reaffirmed as 'AA'

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength (IFS) rating of EFU General Insurance Limited (EFUG) at 'AA' (Double A). Outlook on the assigned rating is 'Stable'. The assigned rating recognises EFUG's leading position
Published 29 Oct, 2010 12:00am
IFS rating of EFU General Insurance reaffirmed as 'AA'

IFS rating of EFU General Insurance reaffirmed as 'AA'

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength (IFS) rating of EFU General Insurance Limited (EFUG) at 'AA' (Double A). Outlook on the assigned rating is 'Stable'. The assigned rating recognises EFUG's leading position
Published 29 Oct, 2010 12:00am
HBL Income, Money Market Funds declare first interim dividends

HBL Income, Money Market Funds declare first interim dividends

The Board of Directors of HBL Asset Management Limited, the management company of HBL Income Fund and HBL Money Market Fund, in its meeting held on October 28, 2010 announced first interim bonus Units for 'A' and 'B' Classes of Units and Cash dividend for
Published 29 Oct, 2010 12:00am
The Weather

The Weather

The weather report on Thursday (October 28, 2010) and the forecast for Friday (October 29, 2010).

Published 29 Oct, 2010 12:00am
HBL Income, Money Market Funds declare first interim dividends

HBL Income, Money Market Funds declare first interim dividends

The Board of Directors of HBL Asset Management Limited, the management company of HBL Income Fund and HBL Money Market Fund, in its meeting held on October 28, 2010 announced first interim bonus Units for 'A' and 'B' Classes of Units and Cash dividend for
Published 29 Oct, 2010 12:00am
HBFC seeks different rate policy from SBP

HBFC seeks different rate policy from SBP

House Building Finance Corporation Limited (HBFC) wants a different interest rate by State Bank of Pakistan (SBP) to increase its lending to low income sections of society.
Published 29 Oct, 2010 12:00am
KSE accepts membership application of Crosby

KSE accepts membership application of Crosby

Karachi Stock Exchange (KSE) has accepted the membership application of Crosby Markets (Private) Limited on the nomination of Crosby Securities Pakistan, corporate member.
Published 29 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 29 Oct, 2010 12:00am
PIA posts gross profit of Rs 7.803 billion

PIA posts gross profit of Rs 7.803 billion

Pakistan International Airlines (PIA) posted a gross profit of Rs 7.803 billion for the nine month period ending September 30, 2010. The PIA Board of Directors 328th meeting was held at Multan chaired by Federal Minister for Defence and Chairman PIA, Chau
Published 29 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 29 Oct, 2010 12:00am
Khushhali Bank, FAST varsity debating contest today

Khushhali Bank, FAST varsity debating contest today

Khushhali Bank and FAST National University, Islamabad have provided more than 40 teams of students from all over the country with the platform to demonstrate their debating skills at the FAST University Debating Championship 2010 (FUDC 10)).
Published 29 Oct, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (October 28, 2010).

Published 29 Oct, 2010 12:00am
BAHL launches: Special Saver Certificate

BAHL launches: Special Saver Certificate

Bank AL Habib has introduced AL Habib Special Saver Certificate, another value-added product available for a minimum amount of Rs 25,000. The certificate offers 12.25 percent per annum expected rate of return, on a 3-year deposit. The profit is paid on co
Published 29 Oct, 2010 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Thursday (October 28, 2010).

Published 29 Oct, 2010 12:00am
Sugar millers urged to start crushing from November 1

Sugar millers urged to start crushing from November 1

Sindh government has asked the sugar millers to start crushing sugarcane from November 1st, it is learnt reliably. Officials in Sindh Agriculture Department told Business Recorder that the department had issued directives to the cane commissioner S
Published 29 Oct, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (October 28, 2010).

Published 29 Oct, 2010 12:00am
FIA submits list of 387 human traffickers to Interior Ministry

FIA submits list of 387 human traffickers to Interior Ministry

Federal Investigation Agency (FIA) has submitted a list of 387 human traffickers to the Interior Ministry seeking action against them. A complete data of the 387 agents including names, particulars and other details were provided by FIA Balochistan Direct
Published 29 Oct, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (October 28, 2010) and for Friday (October 29, 2010)
Published 29 Oct, 2010 12:00am
DHA's executive board meeting held

DHA's executive board meeting held

A special meeting of DHA's Executive Board chaired by its President Corps Commander Lieutenant General Shahid Iqbal was held on Wednesday at Headquarters 5 Corps to approve DHA's development budget for the fiscal year 2010-2011. The Corps Commander asked
Published 29 Oct, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 28, 2010).

Published 29 Oct, 2010 12:00am
Food security essential for peace, stability: Zardari

Food security essential for peace, stability: Zardari

President Asif Ali Zardari has said that food security was critical for peace and stability and the issue needs to be addressed by the international community on priority basis. He said that the maximising yield per acre, optimal use of water and land res
Published 29 Oct, 2010 12:00am
Six outlaws, including two women, arrested

Six outlaws, including two women, arrested

Islamabad Police have arrested six outlaws including two women from different areas of the Capital and recovered stolen commodities, motorcycle and arms from their possession.
Published 29 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 28, 2010).

Published 29 Oct, 2010 12:00am
Sher Khan appointed DG Petroleum Concession

Sher Khan appointed DG Petroleum Concession

The government has appointed Sher Muhammad Khan Director General (DG) Petroleum Concession (PC) and Saeedullah Shah DG Gas, Business Recorder has learnt. Sher Muhammad Khan was working earlier as acting DG Gas after Mansoor Muzaffar was appointed a
Published 29 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 28, 2010).

Published 29 Oct, 2010 12:00am
Quake jolts north-west

Quake jolts north-west

A moderate earthquake of 5.7 magnitude jolted north-west near the border with Afghanistan on Thursday but there were no immediate reports of casualties, an official said. Tremors were felt in several cities in the north-west province of Khyber Pakhtunkhwa
Published 29 Oct, 2010 12:00am
Asma Jahangir felicitated

Asma Jahangir felicitated

Civil Society Representatives under the aegis of Aurat Foundation on Thursday congratulated the Human Rights Activist Asma Jahangir for being elected as the first ever woman President of the Supreme Court Bar Association (SCBA).
Published 29 Oct, 2010 12:00am
Islamabad police arrest over 105 terror suspects

Islamabad police arrest over 105 terror suspects

Islamabad Police have performed well against terrorists and criminals and arrested over 105 terrorists, their handlers and masterminds through successful investigation of almost all terror incidents during the last couple of years.
Published 29 Oct, 2010 12:00am
THE RUPEE: dollar turns lower

THE RUPEE: dollar turns lower

Availability of dollars helped the rupee to register gains against the greenback on currency market on Thursday, dealers said. The rupee managed to recover modestly versus dollar, gaining six paisa for buying at 85.84 and eight paisa for selling at 85.87
Published 29 Oct, 2010 12:00am
PAF graduation parade held at Risalpur

PAF graduation parade held at Risalpur

Pakistan Air Force's joint graduation parade of 125 GD (P), 69 Engg, 83 AD and 9A &SD courses and commissioning parade of 127 GD (P) and 73 Engg Courses were held at PAF Academy Risalpur on Thursday. General Khalid Shameem Wynne, Chairman Joint Chiefs of
Published 29 Oct, 2010 12:00am
THE RUPEE: dollar turns lower

THE RUPEE: dollar turns lower

Availability of dollars helped the rupee to register gains against the greenback on currency market on Thursday, dealers said. The rupee managed to recover modestly versus dollar, gaining six paisa for buying at 85.84 and eight paisa for selling at 85.87
Published 29 Oct, 2010 12:00am
PTA asked to submit proposals for Industrial Policy

PTA asked to submit proposals for Industrial Policy

Federal Minister for Industries and Production Mir Hazar Khan Bijarani has said the federal government is preparing an industrial policy in consultation with the Lahore University of Management and Sciences which would be announced soon and asked the Paki
Published 29 Oct, 2010 12:00am
Need for expanding process of accountability stressed

Need for expanding process of accountability stressed

Secretary Health Punjab Fawad Hassan Fawad has said that there was a need for making any project or programme result-oriented within the minimum budgetary allocation by adopting better administrative strategy and accountability. While addressing a Wrap Up
Published 29 Oct, 2010 12:00am
Efficiency of Smeda to be enhanced to uplift SME sector

Efficiency of Smeda to be enhanced to uplift SME sector

Special initiatives will be taken to enhance efficiency of Small and Medium Enterprises Development Authority (Smeda) in development of the SME sector in Pakistan, said Federal Minister for Industries and Production, Mir Hazar Khan Bijarani while addressi
Published 29 Oct, 2010 12:00am
Government accused of leading country to a blind alley

Government accused of leading country to a blind alley

The Central Shoora of the Jamaat e Islami, Pakistan has accused the government of pushing the country into a blind alley because of its bad governance, corruption, confrontation with the judiciary to protect ill-gotten wealth and complete surrender to the
Published 29 Oct, 2010 12:00am
Sugarcane growers' problems to be solved on priority basis: Khosa

Sugarcane growers' problems to be solved on priority basis: Khosa

Senior Advisor to Chief Minister Punjab Sardar Zulfiqar Ali Khan Khosa has said that the problems of sugarcane growers will be solved on priority basis so that to increase the production of sugarcane in the province. He further said that the agriculture i
Published 29 Oct, 2010 12:00am
Asma Jahangir is patriotic woman, asset of Pakistan: JUI (S)

Asma Jahangir is patriotic woman, asset of Pakistan: JUI (S)

Patron-in-Chief Jamiat-Ulma-e-Islam (S) Maulana Dr Ajmal Qadri has said the newly elected President of Supreme Court Bar Association Dr Asma Jahangir is a patriotic woman and an asset of Pakistan. He said that the President of Pakistan in recognition to h
Published 29 Oct, 2010 12:00am
I would not take dictation from anyone: Asma

I would not take dictation from anyone: Asma

Newly elected president Supreme Court Bar Association (SCBA) Asma Jahangir said that she would not take dictation from anyone as neither she is afraid of judges, nor generals or rulers. "The relations with all these institutions or authorities will be est
Published 29 Oct, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (October 28, 2010).

Published 29 Oct, 2010 12:00am
'Six-day gas loadshedding to cause colossal loss to industry'

'Six-day gas loadshedding to cause colossal loss to industry'

Chairman Pakistan Textile Exporters Association (PTEA), Wasim Latif has said over 50 percent units of the textile industry in the country have already closed down due to severe energy crisis and in case the textile processing mills are closed due to 6-day
Published 29 Oct, 2010 12:00am
LABARD to provide computer training to blind

LABARD to provide computer training to blind

Businessmen Association for Rehabilitation of Disabled (LABARD) President, and Senior Leader of PML-N Pervez Malik said that LABARD would provide computer training to the blind as well as jobs after completion of their training. He stated this while addre
Published 29 Oct, 2010 12:00am
Nawaz begins consultation on proposed Charter of Pakistan

Nawaz begins consultation on proposed Charter of Pakistan

Pakistan Muslim League-Nawaz (PML-N) Chief Mian Mohammad Nawaz Sharif has started consultation on his 25-year Charter of Pakistan in order to develop national consensus to save the country. Talking to senior journalists during his visit to the office of S
Published 29 Oct, 2010 12:00am
SIE Owners' Front stages protest

SIE Owners' Front stages protest

Less than a dozen members of the Sundar Industrial Estate (SIE) Owners Front on Thursday staged a protest in front of Lahore Press Club against the Punjab Industrial Estate Development and Management Company (PIE) management. The Front's General Secretary
Published 29 Oct, 2010 12:00am
Four killed, three hurt in road accidents

Four killed, three hurt in road accidents

Four people were killed and three others injured in different road accidents in suburb of the city on Thursday. According to police, four people residents of Chak 121/SB riding on two motorcycles were coming to city when a rashly driven car (LES-3890) ram
Published 29 Oct, 2010 12:00am
Rs one billion Zakat distribution for flood survivors approved

Rs one billion Zakat distribution for flood survivors approved

Provincial Zakat Council has granted final approval to distribution of over one billion rupees provided among the flood survivors through Watan Cards. The Central Zakat Council has provided this amount.A meeting of provincial Zakat Council held here on Th
Published 29 Oct, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Oct, 2010 12:00am
Minister inaugurates Global Countdown game

Minister inaugurates Global Countdown game

Punjab Education Minister Mujtaba Shujaur Rehman has on Thursday inaugurated Global Countdown, a digital role-playing game developed by Telenor Pakistan, based on environmental awareness specifically for the youth. In August 2009, Global Countdown was ins
Published 29 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 29 Oct, 2010 12:00am
Need to examine causes of mango death syndrome highlighted

Need to examine causes of mango death syndrome highlighted

Pakistan, Oman, Brazil and South Africa are facing similar problem of severe crop losses due to mango sudden death syndrome disease which needs collective and constant efforts to examine and identify the genetically resistant germplasm as in Pakistan it i
Published 29 Oct, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Oct, 2010 12:00am
Cameron Munter visits Faisal Mosque

Cameron Munter visits Faisal Mosque

Ambassador of United States of America (USA) Cameron Munter visited Faisal Mosque, Islamabad along with his wife Marilyn Wyatt and high officials of US Embassy in country. They were received by Parveen Qadir Agha Vice-President International Islamic Unive
Published 29 Oct, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 29 Oct, 2010 12:00am
Engro's profit after tax soars to Rs 4.058 billion in nine months

Engro's profit after tax soars to Rs 4.058 billion in nine months

The consolidated profit after tax of Engro Corporation Limited (formerly Engro Chemical Pakistan Limited) has increased to Rs 4.058 billion in the nine month period ended September 30, 2010 as compared to Rs 2.649 billion earned in the corresponding perio
Published 29 Oct, 2010 12:00am
Engro's profit after tax soars to Rs 4.058 billion in nine months

Engro's profit after tax soars to Rs 4.058 billion in nine months

The consolidated profit after tax of Engro Corporation Limited (formerly Engro Chemical Pakistan Limited) has increased to Rs 4.058 billion in the nine month period ended September 30, 2010 as compared to Rs 2.649 billion earned in the corresponding perio
Published 29 Oct, 2010 12:00am
Profit after tax of SSGC increases

Profit after tax of SSGC increases

The profit after tax of Sui Southern Gas Company (SSGC) has increased to Rs 1,113.771 million in the quarter ended September 30, 2010 as compared to Rs 65.312 million in the corresponding period in 2009.
Published 29 Oct, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Oct, 2010 12:00am
Shrines without security!

Shrines without security!

Despite suicide bombings at Abdullah Shah Ghazi Shrine this month, the provincial government seems reluctant to adopt precautionary measures at the shrines in the city for avoiding such incidents in future. Amid threats to shrines by terrorist groups, nei
Published 29 Oct, 2010 12:00am
Merger of Al Baraka Bank, Global Islamic Bank notified

Merger of Al Baraka Bank, Global Islamic Bank notified

State Bank of Pakistan on Thursday notified de-scheduling of Al Baraka Islamic Bank Pakistan's operations on account of its merger with Emirates Global Islamic Bank Limited with effect from closing of business on October 29. SBP has also notified the chan
Published 29 Oct, 2010 12:00am
Profit after tax of Nishat (Chunian) Limited increased

Profit after tax of Nishat (Chunian) Limited increased

The profit after tax of Nishat (Chunian) Limited has increased to Rs 477.454 million in the quarter ended September 30, 2010 as compared to Rs 89.665 million earned in the corresponding quarter in 2009.
Published 29 Oct, 2010 12:00am
Malik, Raisani discuss security situation in Balochistan

Malik, Raisani discuss security situation in Balochistan

Chief Minister Balochistan Nawab Muhammad Aslam Raisani on Thursday called on Interior Minister Rehman Malik and discussed security situation of the province. Provincial Minister for Finance Mir Asim Kurd and Inspector General Balochistan Muhammad Iqbal w
Published 29 Oct, 2010 12:00am
Akram congratulates Asma Jahangir

Akram congratulates Asma Jahangir

The Acting Chairman of Pakistan Industrial and Traders Associations Front (PIAF) Shahzeb Akram has congratulated the President-elect of the Supreme Court Bar Association Asma Jahangir and hoped that she would make efforts for the rule of law. The PIAF Act
Published 29 Oct, 2010 12:00am
Rs 82.40 million misappropriation in KP Health Department detected

Rs 82.40 million misappropriation in KP Health Department detected

Audit Report of the government of Khyber Pakhtunkhwa for Audit Year 2007-08 has unearthed irregularities to the tune of Rs 82.409 million in heads of non-recovery, overpayment, unverified expenditure and account of store in the department of Health.
Published 29 Oct, 2010 12:00am
17 militants killed in Orakzai, Mohmand agencies

17 militants killed in Orakzai, Mohmand agencies

Gunship shelling over suspected militants positions and armed clashes near Afghan border in Orakzai and Mohmand tribal regions on Thursday killed 17 Taliban fighters and injured 16 others, security official said.
Published 29 Oct, 2010 12:00am
'Kazakhstan can help in TAP gas pipeline'

'Kazakhstan can help in TAP gas pipeline'

Former Pakistani Ambassador to Turkmenistan, Tariq Osman Hyder on Thursday said that Kazakhstan could play a vital role for stability in the region by contributing technical experience and funding for Turkmenistan-Afghanistan-Pakistan (TAP) gas pipeline.
Published 29 Oct, 2010 12:00am
100,000 mosquito nets to be provided to flood victims

100,000 mosquito nets to be provided to flood victims

District administration and Punjab government will provided 100,000 mosquito nets in flood-hit areas of district Muzaffargarh to save people from malaria and dengue fever, said District Co-ordination Officer, Muzaffargarh, Tahir Khurshed here on Thursday.
Published 29 Oct, 2010 12:00am
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