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Print - 2010-11-30
PPP pushed towards Southern Punjab by PML-N?

PPP pushed towards Southern Punjab by PML-N?

What PPP Punjab newly-appointed President Imtiaz Safdar Warraich has said in his maiden media interaction in Punjab, can be summed up that the PML-N has pushed the PPP from the central Punjab to the Southern Punjab. Talking to media at the PPP Punjab offi
Published 30 Nov, 2010 12:00am
THE RUPEE: dollar lower

THE RUPEE: dollar lower

The money market opened the week on a firm note on Monday as the rupee managed to gain modestly against dollar in process of trading, dealers said. The rupee gave up it's weekend slide, gaining 12 paisa in relation to dollar for buying and selling at 85.7
Published 30 Nov, 2010 12:00am
Our mandate should be respected: Gilani

Our mandate should be respected: Gilani

Prime Minister Syed Yousuf Raza Gilani said that mandate of Pakistan People's Party (PPP) government should be accepted, as it was respecting viewpoint of opposition and media. Addressing party workers here on Monday, he said PPP welcomes criticism from o
Published 30 Nov, 2010 12:00am
Israr, Munir briefed about training of FBR officials

Israr, Munir briefed about training of FBR officials

Member Policy (Direct Taxes), FBR Israr Rauf and Member Customs Munir Qureshi visited the Directorate General of Training and Research, DOT (Inland Revenue) here on Monday and discussed matters pertaining to research and training of the incoming FBR offic
Published 30 Nov, 2010 12:00am
Nawaz vows to make Pakistan an economic power

Nawaz vows to make Pakistan an economic power

Pakistan Muslim League-N (PML-N) Chief, Nawaz Sharif, said on Monday that Pakistan would be made an economic power and Asian tiger and would form a revolutionary team after coming into power to make the country a dynamic and vibrant Muslim welfare-state.
Published 30 Nov, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
Mixed trend on KSE

Mixed trend on KSE

The market witnessed a mixed trend on Monday due to investors' cautious stance before announcement of monitory policy by the State Bank. The benchmark KSE-100 index remained in the narrow band of 55.08 points with oscillating between 11,176.03 points intr
Published 30 Nov, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
Mixed trend on KSE

Mixed trend on KSE

The market witnessed a mixed trend on Monday due to investors' cautious stance before announcement of monitory policy by the State Bank. The benchmark KSE-100 index remained in the narrow band of 55.08 points with oscillating between 11,176.03 points intr
Published 30 Nov, 2010 12:00am
Mixed trend on KSE

Mixed trend on KSE

The market witnessed a mixed trend on Monday due to investors'' cautious stance before announcement of monitory policy by the State Bank. The benchmark KSE-100 index remained in the narrow band of 55.08 points with oscillating between 11,176.03 points int
Published 30 Nov, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 19th November, 2010.

Published 30 Nov, 2010 12:00am
BRIndex30 loses 1.11 points

BRIndex30 loses 1.11 points

On Monday, the BRIndex30 opened at 8,262.47 points and fluctuated throughout the trading session. It touched the intra-day high of 8,271.64 points and low of 8,230.63 points, and closed at 8,261.36 points with a net negative change of -1.11 points, or -0.
Published 30 Nov, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 19th November, 2010.

Published 30 Nov, 2010 12:00am
BRIndex30 loses 1.11 points

BRIndex30 loses 1.11 points

On Monday, the BRIndex30 opened at 8,262.47 points and fluctuated throughout the trading session. It touched the intra-day high of 8,271.64 points and low of 8,230.63 points, and closed at 8,261.36 points with a net negative change of -1.11 points, or -0.
Published 30 Nov, 2010 12:00am
Equities moves both ways on LSE

Equities moves both ways on LSE

Equities on Monday moved both ways on the Lahore Stock Exchange and finally stayed in negative zone amid marginally improved trading turnover due to selling pressure in selective scrips. The LSE-25 index gained 14.25 points and was closed at 3487.77 again
Published 30 Nov, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
Equities moves both ways on LSE

Equities moves both ways on LSE

Equities on Monday moved both ways on the Lahore Stock Exchange and finally stayed in negative zone amid marginally improved trading turnover due to selling pressure in selective scrips. The LSE-25 index gained 14.25 points and was closed at 3487.77 again
Published 30 Nov, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
ISE index up 2.32 points

ISE index up 2.32 points

Equities moved both ways at Islamabad Stock Exchange (ISE) on Monday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 2.32 points from 2,854.89 to 2857.21 points. Turnover amounted to 211,905 shares a
Published 30 Nov, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
ISE index up 2.32 points

ISE index up 2.32 points

Equities moved both ways at Islamabad Stock Exchange (ISE) on Monday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 2.32 points from 2,854.89 to 2857.21 points. Turnover amounted to 211,905 shares a
Published 30 Nov, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
Iran blasts kill nuclear scientist

Iran blasts kill nuclear scientist

Two car bomb blasts killed an Iranian nuclear scientist and wounded another in Tehran on Monday in what Iranian officials called an Israeli or US-sponsored attack on its atomic programme. "Majid Shahriyari was martyred and his wife was injured. Fereydoun
Published 30 Nov, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
Iran blasts kill nuclear scientist

Iran blasts kill nuclear scientist

Two car bomb blasts killed an Iranian nuclear scientist and wounded another in Tehran on Monday in what Iranian officials called an Israeli or US-sponsored attack on its atomic programme. "Majid Shahriyari was martyred and his wife was injured. Fereydoun
Published 30 Nov, 2010 12:00am
WTO to review EU trade concessions today

WTO to review EU trade concessions today

The World Trade Organisation (WTO) is holding a meeting on November 30 (Tuesday) to review additional autonomous trade preferences granted by the European Union (EU) to Pakistan. The EU had earlier submitted to the consideration of the Council for Trade i
Published 30 Nov, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
WTO to review EU trade concessions today

WTO to review EU trade concessions today

The World Trade Organisation (WTO) is holding a meeting on November 30 (Tuesday) to review additional autonomous trade preferences granted by the European Union (EU) to Pakistan. The EU had earlier submitted to the consideration of the Council for Trade i
Published 30 Nov, 2010 12:00am
WTO to review EU trade concessions today

WTO to review EU trade concessions today

The World Trade Organisation (WTO) is holding a meeting on November 30 (Tuesday) to review additional autonomous trade preferences granted by the European Union (EU) to Pakistan. The EU had earlier submitted to the consideration of the Council for Trade i
Published 30 Nov, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
PSO clarification

PSO clarification

Apropos the news item "Massive scam of financial irregularities unearthed in PSO" based on the Audit Report by the Director Commercial Audit carried by Business Recorder on November 28, the observations contained in the report were highlighted duri
Published 30 Nov, 2010 12:00am
PSO clarification

PSO clarification

Apropos the news item "Massive scam of financial irregularities unearthed in PSO" based on the Audit Report by the Director Commercial Audit carried by Business Recorder on November 28, the observations contained in the report were highlighted duri
Published 30 Nov, 2010 12:00am
PSO clarification

PSO clarification

Apropos the news item "Massive scam of financial irregularities unearthed in PSO" based on the Audit Report by the Director Commercial Audit carried by Business Recorder on November 28, the observations contained in the report were highlighted duri
Published 30 Nov, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (November 29, 2010) and for Tuesday (November 30, 2010)
Published 30 Nov, 2010 12:00am
Naudero-II RPP: Nepra rejects CPGCL's tariff petition

Naudero-II RPP: Nepra rejects CPGCL's tariff petition

The National Electric Power Regulatory Authority (Nepra) has turned down a tariff petition of Central Power Generation Company Limited (CPGCL) for Naudero-II Rental Power Plant (RPP), whose machinery was shifted from Guddu. During scrutiny of the record,
Published 30 Nov, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
Naudero-II RPP: Nepra rejects CPGCL's tariff petition

Naudero-II RPP: Nepra rejects CPGCL's tariff petition

The National Electric Power Regulatory Authority (Nepra) has turned down a tariff petition of Central Power Generation Company Limited (CPGCL) for Naudero-II Rental Power Plant (RPP), whose machinery was shifted from Guddu. During scrutiny of the record,
Published 30 Nov, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
Naudero-II RPP: Nepra rejects CPGCL''s tariff petition

Naudero-II RPP: Nepra rejects CPGCL''s tariff petition

The National Electric Power Regulatory Authority (Nepra) has turned down a tariff petition of Central Power Generation Company Limited (CPGCL) for Naudero-II Rental Power Plant (RPP), whose machinery was shifted from Guddu. During scrutiny of the record,
Published 30 Nov, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (November 29, 2010).

Published 30 Nov, 2010 12:00am
AGSC to carry relief goods to Gaza

AGSC to carry relief goods to Gaza

Asia-Gaza Solidarity Caravan (AGSC), comprising members of 17 Asian countries, will attempt to break Israeli blockade of Gaza and will carry relief goods to the besieged people of the territory. This was stated by Fareed Awan, member All Pakistan Trade Un
Published 30 Nov, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 30 Nov, 2010 12:00am
Call for setting up more provinces in country

Call for setting up more provinces in country

Participants of National Consultative Conference (NCC) that also include representatives of various political parties and nationalist groups on Monday called for establishment of more provinces in the country.
Published 30 Nov, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 30 Nov, 2010 12:00am
Admiral Abbas Raza takes over as Commander Pakistan Fleet

Admiral Abbas Raza takes over as Commander Pakistan Fleet

Vice Admiral Abbas Raza has taken over as Commander Pakistan Fleet on Monday, says a press release issued here on Monday. It said that in capacity of Fleet Commander, he would exercise full operational control over all Fleet Units comprising Destroyers, S
Published 30 Nov, 2010 12:00am
MoL against award to '4 Gas': Mashal LNG Project in doldrums

MoL against award to '4 Gas': Mashal LNG Project in doldrums

The fate of multibillion dollars Pakistan Mashal LNG Project (PMLP) is in doldrums as Law Ministry has again opposed the award of the contract to the Dutch firm '4Gas', and recommended inviting fresh bids for the deal, Business Recorder has learnt.
Published 30 Nov, 2010 12:00am
Pakistan takes over Command of CTF-151

Pakistan takes over Command of CTF-151

Pakistan has taken over the command of Combined Task Force 151 (CTF-151) for a period of six months as part of the Global War On Terrorism (GWOT), a Pakistan navy press release said here on Monday. Pakistan is the front line state in GWOT, one of its obje
Published 30 Nov, 2010 12:00am
The Weather

The Weather

The weather report on Monday (November 29, 2010) and the forecast for Tuesday (November 30, 2010).

Published 30 Nov, 2010 12:00am
Fish sale on the rise ahead of winter season

Fish sale on the rise ahead of winter season

The fish sale has surged after winter wave and daily sale of this white meat has reached up to 2,500 maund per day. Currently, fish prices have increased up to Rs 15 per kg compared to corresponding month (November) of last year. According to a fish marke
Published 30 Nov, 2010 12:00am
Change in Congress not to delay fund under KLB Bill: Raphel

Change in Congress not to delay fund under KLB Bill: Raphel

US Ambassador and Co-ordinator for Economic and Development Assistance to Pakistan Robin Raphel said on Monday that the change in US House of Representative is not likely to cause a delay in the release of fund for Pakistan under Kerry-Lugar - Berman Bill
Published 30 Nov, 2010 12:00am
Misconduct case: FPSC action against Ogra chief sought

Misconduct case: FPSC action against Ogra chief sought

The Cabinet Division has approached the Prime Minister to refer the case of misconduct of the Chairman of Oil and Gas Regulatory Authority (Ogra), Tauqeer Sadiq, to Federal Public Service Commission (FPSC) for appropriate action. Tauqeer is accused of def
Published 30 Nov, 2010 12:00am
Shaukat Khanum Memorial Cancer symposium concludes

Shaukat Khanum Memorial Cancer symposium concludes

The 9th Shaukat Khanum Memorial Cancer Symposium concluded in Lahore with a renewed pledge that all out efforts will be made to raise awareness about cancer among the people in the country. Around 800 delegates from United States of America, United Kingdo
Published 30 Nov, 2010 12:00am
Over 100MAF water resources being wasted: experts

Over 100MAF water resources being wasted: experts

Pakistan is utilising 30 Million-Acre Feet (MAF) water resources out of the available capacity of 140 MAF. The rest of the water is being wasted which is a challenging task for water experts and engineers of the country.
Published 30 Nov, 2010 12:00am
Clarification

Clarification

The House Building Finance Corporation Limited taking strong exception to a news item published in Business Recorder of November 29, 2010 under the heading "Rs 11.952bn irregularities detected in HBFC accounts," has issued following clarification:
Published 30 Nov, 2010 12:00am
Remission to Malik: DAG's arguments by December 20 sought

Remission to Malik: DAG's arguments by December 20 sought

A full bench of Lahore High Court, here on Monday, hearing a petition that challenged remission of sentence of Interior Minister, Rehman Malik by President Asif Ali Zardari, gave last chance to a deputy attorney general (DAG) to advance arguments on behal
Published 30 Nov, 2010 12:00am
Sunday/Friday bazaars: substandard fruit, vegetables being sold

Sunday/Friday bazaars: substandard fruit, vegetables being sold

Market Committee and City District administration Multan have left the consumers at the mercy of vendors/traders in the Sunday/Friday bazaars. The number of buyers remained low in yesterday's bazaars as prices were high and quality was low.
Published 30 Nov, 2010 12:00am
Samsung to construct modern school in Kasur

Samsung to construct modern school in Kasur

Samsung Electronics has collaborated with SOS Rural Support Programme, for the construction of a modern school at Ladhayke Village in District Kasur, to serve a vast rural area and uplift the standard of education. Samsung will provide funds for complete
Published 30 Nov, 2010 12:00am
Aasia Bibi acquittal: LHC restrains Zardari, Taseer from making any move

Aasia Bibi acquittal: LHC restrains Zardari, Taseer from making any move

Lahore High Court Chief Justice Khawaja Muhammad Sharif Saturday restrained President of Pakistan Asif Ali Zardari and the Governor Punjab from making any move for acquittal of Christian blasphemy convict Aasia Bibi till next date of hearing of the petiti
Published 30 Nov, 2010 12:00am
PPP suspends Naheed Khan's party membership

PPP suspends Naheed Khan's party membership

Pakistan People's Party (PPP) suspended the party membership of senior leader and former political secretary of Benazir Bhutto, Naheed Khan, for violation of party discipline. PPP Information Secretary Fauzia Wahab said the membership of Naheed Khan has b
Published 30 Nov, 2010 12:00am
Seminar on palm oil industry on December 1

Seminar on palm oil industry on December 1

Malaysian Palm Oil Board (MPOB) and Pakistani Vanaspati Manufacturers Association (PVMA) are jointly holding 'MPOB-PVMA Seminar 2010' to highlight Malaysian palm oil industry and 50 years of vanaspati industry in Pakistan on December 1 at a local hotel.
Published 30 Nov, 2010 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose on Monday after falling in the last two sessions, as worries about a widening European sovereign debt crisis and a sharp decline in the euro prompted safe-haven buying. Bullion climbed as the euro slumped to two-month lows against the dollar and
Published 30 Nov, 2010 12:00am
Show-cause notices issued to broiler chicken farming firms

Show-cause notices issued to broiler chicken farming firms

The Competition Commission of Pakistan (CCP) has issued show cause notices to five broiler chicken farming companies for engaging in practices prohibited under the Competition Act, 2010. According to a press release the companies which have been issued sh
Published 30 Nov, 2010 12:00am
Child protection mechanism: Stakeholders' involvement stressed

Child protection mechanism: Stakeholders' involvement stressed

The child protection mechanism requires the involvement of various stakeholders to chalk out strategy to ensure that all the children have equal access to basic rights without exploitation. This was stated by Ejaz Ahmed Qureshi Advisor/Head of Children's
Published 30 Nov, 2010 12:00am
Pakistan considers Sweden as important partner: Gilani

Pakistan considers Sweden as important partner: Gilani

Prime Minister Yusuf Raza Gilani said that Pakistan considers Sweden as an important partner bilaterally as well as in the context of EU and the Nordic region. An institutional arrangement in the shape of a Pakistan-Nordic Economic Co-operation Forum, he
Published 30 Nov, 2010 12:00am
'Sweden to help in infrastructure, rehabilitation efforts'

'Sweden to help in infrastructure, rehabilitation efforts'

The international community is reluctant to invest in Pakistan due to energy (electricity and gas) shortage, and the worsening law and order situation in the country. This issue remained on top of concerns in discussions between the visiting Swedish Minis
Published 30 Nov, 2010 12:00am
Etihad Airways reports profitable earnings

Etihad Airways reports profitable earnings

Etihad Airways reported profitable earnings before interest, taxation, depreciation, amortisation and rentals (EBITDAR) for 2010, said Chief Executive Officer James Hogan, marking an important step forward in the airline's journey towards full break-even
Published 30 Nov, 2010 12:00am
Etihad Airways reports profitable earnings

Etihad Airways reports profitable earnings

Etihad Airways reported profitable earnings before interest, taxation, depreciation, amortisation and rentals (EBITDAR) for 2010, said Chief Executive Officer James Hogan, marking an important step forward in the airline's journey towards full break-even
Published 30 Nov, 2010 12:00am
Toastmasters Club formed at ICMAP Islamabad

Toastmasters Club formed at ICMAP Islamabad

The IBC formed ICMAP Toastmasters Club at ICMAP Islamabad for improvement of communication and leadership skills of its members. Since 1924 the toastmasters International around the globe is helping its members to develop and improve their public speaking
Published 30 Nov, 2010 12:00am
Industrialists' team meets minister

Industrialists' team meets minister

The Punjab government is making utmost endeavours to promote and streamline the industrial sector with the best available sources and professional expertise. The Punjab Minister for Industries and Food, Chaudhry Abdul Ghafoor stated this while talking to
Published 30 Nov, 2010 12:00am
Thousands of hoarded sugar bags seized

Thousands of hoarded sugar bags seized

The district administration has recovered thousands bags of sugar in a raid on a godown in Nishterabad area of Peshawar city. The district administration is conducting raids on the directives of the Chief Minister, Khyber Pakhtunkhwa, who in the wake of r
Published 30 Nov, 2010 12:00am
Tetra Pack launches farmer training programme series

Tetra Pack launches farmer training programme series

Tetra Pak, world's leading food processing and packaging solutions company, on Monday launched a series of farmer training TV programmes, highlighting the benefits of dairy hubs. This series of 20-minute each, 15 TV programmes is the first of its kind aim
Published 30 Nov, 2010 12:00am
Forced implementation of RGST to defame government: PIAF

Forced implementation of RGST to defame government: PIAF

Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to put off its decision to seek NA approval for Reformed General Sales Tax (RGST) and focus on enhancing the tax base by bringing agriculture and services sectors into the
Published 30 Nov, 2010 12:00am
'Raising discount rate is in the interest of country'

'Raising discount rate is in the interest of country'

State Bank of Pakistan (SBP) has taken the decision of raising discount by 50 basis points in the interest of the country and not to please the International Monetary Funds (IMF). Hamza Ali Malik, Director of SBP Monetary Policy Department expressed these
Published 30 Nov, 2010 12:00am
LCCI concerned about raise in discount rate

LCCI concerned about raise in discount rate

The Lahore Chamber of Commerce and Industry, while expressing its surprise over the State Bank's decision to further enhance the discount rate from 13.5 percent to 14 percent, has said, it would hit the overall economy hard as the availability of equity t
Published 30 Nov, 2010 12:00am
Commander Karachi calls on chief minister Sindh

Commander Karachi calls on chief minister Sindh

Commander Karachi Rear Admiral Syed Khawar Ali on Monday called on Chief Minister Sindh Syed Qaim Ali Shah at the CM House here. An official statement said that he discussed matters of mutual interest with the Chief Minister. The Admiral also presented pe
Published 30 Nov, 2010 12:00am
Essential items' prices rise by 25 percent

Essential items' prices rise by 25 percent

Traders have increased the price of different items like clothes, shoes, crockery, readymade garments and bakery products by 15 to 25 percent in the backdrop of reformed General Sales Tax (RGST) to be implemented after approval from parliament, revealed a
Published 30 Nov, 2010 12:00am
Karzai urged to allow duty-free import from Pakistan

Karzai urged to allow duty-free import from Pakistan

Chief Minister Khyber Pakhtunkhwa Ameer Haider Khan Hoti on Monday demanded of Afghan President Hamid Karzai to allow zero-rated import of Pakistani products to Afghanistan as it has given to India for the promotion of trade relations between the neighbou
Published 30 Nov, 2010 12:00am
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