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Print - 2011-01-29
EDB clarification

EDB clarification

The spokes-man for Engineering Development Board (EDB) has clarified the news published by Business Recorder (January 28) entitled 'EDB spends Rs 3.8 million on purchase of new vehicles', by saying that four vehicles of EDB were condemned by conde
Published 29 Jan, 2011 12:00am
NRL earns Rs 3.135 billion PAT during half-year

NRL earns Rs 3.135 billion PAT during half-year

The profit after tax of National Refinery Limited increased to Rs 3.135 billion in the half-year period ended on December 31, 2010 as compared to Rs 1.153 billion earned in the corresponding period in 2009. The board of directors of the company in its mee
Published 29 Jan, 2011 12:00am
NRL earns Rs 3.135 billion PAT during half-year

NRL earns Rs 3.135 billion PAT during half-year

The profit after tax of National Refinery Limited increased to Rs 3.135 billion in the half-year period ended on December 31, 2010 as compared to Rs 1.153 billion earned in the corresponding period in 2009. The board of directors of the company in its mee
Published 29 Jan, 2011 12:00am
OSDs list stirs controversy in Khyber Pakhtunkhwa Assembly

OSDs list stirs controversy in Khyber Pakhtunkhwa Assembly

The presentation of the list of 18 senior bureaucrats presently made Officers on Special Duty (OSDs) has stirred controversy in the provincial assembly as the back benchers of the treasury benches termed them burden on the economy of the province.
Published 29 Jan, 2011 12:00am
Violence erupts as salutation camp of MQM torched

Violence erupts as salutation camp of MQM torched

A salutation camp of Muttahida Qaumi Movement (MQM) was torched by unidentified miscreants in the limits of Saachal area police station on Friday. According to police sources, Safoora Goth and its adjacent areas on Friday wore a deserted look and fell int
Published 29 Jan, 2011 12:00am
Gas pipeline blown up in Sui

Gas pipeline blown up in Sui

Unknown men blew up a pipeline linking sui gas plant from well no. 16 in Sui here on early hours of Friday. Official sources said that eight-inch diameter gas pipeline supplying gas to Sui gas purification plant from well no. 16 was detonated by unidentif
Published 29 Jan, 2011 12:00am
Brand Carnival at IoBM

Brand Carnival at IoBM

Marketing Society of students of the College of Business Management (CBM), Institute of Business Management (IoBM), is arranging a Brand Carnival on January 30, 31 at its campus in Korangi Creek, says a press release from IoBM Public Affairs Section. More
Published 29 Jan, 2011 12:00am
ACPL profit after tax declines

ACPL profit after tax declines

The profit after tax of Attock Cement Pakistan Limited (ACPL) has declined to Rs 235.101 million in the half year period ended December 31, 2010 as compared to Rs 623.815 million earned in the corresponding period in 2009. The board of directors of the co
Published 29 Jan, 2011 12:00am
ACPL profit after tax declines

ACPL profit after tax declines

The profit after tax of Attock Cement Pakistan Limited (ACPL) has declined to Rs 235.101 million in the half year period ended December 31, 2010 as compared to Rs 623.815 million earned in the corresponding period in 2009. The board of directors of the co
Published 29 Jan, 2011 12:00am
Profit after tax of POL increases

Profit after tax of POL increases

The profit after tax of Pakistan Oilfields Limited (POL) has increased to Rs 5.201 billion in the half year period ended December 31, 2010 as compared to Rs 3.318 billion earned in the corresponding period in 2009. The company's earning per share increase
Published 29 Jan, 2011 12:00am
Profit after tax of POL increases

Profit after tax of POL increases

The profit after tax of Pakistan Oilfields Limited (POL) has increased to Rs 5.201 billion in the half year period ended December 31, 2010 as compared to Rs 3.318 billion earned in the corresponding period in 2009. The company's earning per share increase
Published 29 Jan, 2011 12:00am
OGDCL Clarification

OGDCL Clarification

Apropos a news item published in Business Recorder on 20th January, 2011 under caption "PAC EXPRESSES SERIOUS CONCERN OVER PATHETIC PERFORMANCE OF FBR". It is hereby stated that OGDCL would like to clarify that gas discovered under Uch Lease had lo
Published 29 Jan, 2011 12:00am
Acino Pharma concludes agreement with Highnoon

Acino Pharma concludes agreement with Highnoon

Acino Pharma of Switzerland (www.acino-pharma.com), a company specialising in the development of advanced pharmaceutical formulations in the fields of oncology, acute pain management and palliative care, has concluded an agreement with Highnoon Laboratori
Published 29 Jan, 2011 12:00am
Exhibition of Japanese calendars commences

Exhibition of Japanese calendars commences

An exhibition of Japanese calendars commenced here on Friday. The weeklong event is being organised at the Japan Cultural Centre of the Consulate General of Japan in Karachi in collaboration with the Pakistan-Japan Cultural Association (PJCA), Sindh, and
Published 29 Jan, 2011 12:00am
Nawaz condoles with Khawaja Sharif

Nawaz condoles with Khawaja Sharif

Former Prime Minister and PML-N Chief Muhammad Nawaz Sharif visited the residence of former Chief Justice of Lahore High Court (LHC) Justice Khawaja Sharif to condole with him over the sad demise of his mother. Nawaz remained there for sometime and offere
Published 29 Jan, 2011 12:00am
'Private sector should be encouraged to make Hajj arrangements'

'Private sector should be encouraged to make Hajj arrangements'

Senator, Abdul Haseeb Khan has said private sector should be encouraged to make Hajj arrangement for Pakistani people. Speaking at a reception organised for Hujjaj, he suggested that role of the government in Hajj planning should be minimised due to incre
Published 29 Jan, 2011 12:00am
Two Nato containers torched in Bolan area

Two Nato containers torched in Bolan area

Unidentified gunmen on Friday torched two Nato containers carrying logistics for the ISAF force, in Bolan area, some 20 kilometres from here. According to Levies sources, Nato containers were on way to Afghanistan from Karachi when unknown armed men inter
Published 29 Jan, 2011 12:00am
Islamabad Fashion Week held

Islamabad Fashion Week held

Fashion Weeks have become a kind of business in capital city, which connects buyers, designers in a glamorous world of style and beauty to propose business and celebrate beauty, simultaneously. On the second day of fashion week, the designers and fashion
Published 29 Jan, 2011 12:00am
Every bite unites: Nando's restaurant launches sharing meals

Every bite unites: Nando's restaurant launches sharing meals

By sharing, we can get to know each other. And by getting to know each other, we can change the way the world works. That's quite a claim, but that's exactly how excited the guys at Nando's are about their new sharing meals. These meals have been especial
Published 29 Jan, 2011 12:00am
Yawar Raza joins APML

Yawar Raza joins APML

The renowned businessman and Chairman, Group of Companies announced here in Dubai to join the All Pakistan Muslim League (APML), headed by General Pervez Musharraf (Retd). Outstanding businessman, Yawar Raza Chawla, who has a potent influence over the bus
Published 29 Jan, 2011 12:00am
Concern expressed over increase in number of missing persons

Concern expressed over increase in number of missing persons

Justice Javed Iqbal on Friday expressed concern over increase in number of missing persons with each passing day, saying he had received more fresh applications on missing persons. The court also decided to take up the depressing case of missing persons f
Published 29 Jan, 2011 12:00am
Warid GLOW brings 'Bombay Dreams' to Karachi

Warid GLOW brings 'Bombay Dreams' to Karachi

Over the years, English theater in Pakistan has experienced tremendous growth. Warid has become a leader in promoting arts in the community. Greatly supporting the young talents, Warid GLOW has become synonymous to quality theater in Pakistan. The much hy
Published 29 Jan, 2011 12:00am
PTCL signs agreement with NRSP Microfinance Bank

PTCL signs agreement with NRSP Microfinance Bank

An agreement has been signed between Pakistan Telecommunication Company Limited (PTCL) and NRSP Microfinance Bank Limited for the provisioning of ICT services. NRSP Microfinance Bank will utilise the IP-Connect for their primary network and satellite base
Published 29 Jan, 2011 12:00am
Postings and transfers in army ordered

Postings and transfers in army ordered

The Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani, on Friday issued transfer orders of three high ranking army officers. Sources in Defence Ministry said that Director-General, Infantry, Lieutenant General Saleem Nawaz has been transferred and
Published 29 Jan, 2011 12:00am
Postings and transfers in army ordered

Postings and transfers in army ordered

The Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani, on Friday issued transfer orders of three high ranking army officers. Sources in Defence Ministry said that Director-General, Infantry, Lieutenant General Saleem Nawaz has been transferred and
Published 29 Jan, 2011 12:00am
Rehman calls on Kayani

Rehman calls on Kayani

Minister for Interior, Rehman Malik called on Chief of Army Staff, (COAS), General Ashfaq Parvez Kayani at General Headquarters here on Friday. Matters related to internal security were discussed in the meeting, Inter Services Public Relations (ISPR) sour
Published 29 Jan, 2011 12:00am
28 militants killed in tribal belt

28 militants killed in tribal belt

Pakistani fighter jets and helicopter gunships bombed militant hideouts in a tribal region near the Afghan border on Friday, killing 28 militants, an official said. "Security forces launched an air offensive against the militant hideouts in different area
Published 29 Jan, 2011 12:00am
Syndicated Structured Finance Facility: closing ceremony held at KPT

Syndicated Structured Finance Facility: closing ceremony held at KPT

The closing ceremony of the Syndicated Structured Finance Facility of Pakistani rupee 10,300 million, availed by Pakistan National Shipping Corporation (PNSC) and structured by Standard Chartered Bank (Pakistan) Limited, was held on Thursday in Karachi on
Published 29 Jan, 2011 12:00am
Oath taking of newly appointed Governor Gilgit-Baltistan today

Oath taking of newly appointed Governor Gilgit-Baltistan today

Oath taking ceremony of newly appointed Governor of Gilgit-Baltistan Syed Pir Karam Ali Shah will be held on Saturday, official sources said. All arrangements are being finalised to hold the function in a befitting manner in city Gilgit, the capital town
Published 29 Jan, 2011 12:00am
Judges and lawyers asked to expeditiously dispose cases

Judges and lawyers asked to expeditiously dispose cases

Chief Justice Peshawar High Court (PHC), Ejaz Afzal Khan has urged lawyers and judges of the district to implement National Judicial Policy in letter and spirit and clear pending cases as soon as possible. He was addressing a joint session of bar, bench a
Published 29 Jan, 2011 12:00am
Bestway Group invests $230 million in UBL

Bestway Group invests $230 million in UBL

The Bestway Group, the UK based conglomerate founded and chaired by Sir Anwar Pervez, has announced that it has increased its shareholding in United Bank Limited (UBL) to 51.07% by acquiring an additional 20% of the shares from the Abu Dhabi Group.
Published 29 Jan, 2011 12:00am
Need for preparation of national relief strategy stressed

Need for preparation of national relief strategy stressed

Punjab Finance Minister, Tanvir Ashraf Kaira has said there is a need to prepare a national strategy that provides relief to the people and all political forces should be taken into confidence. He expressed these views while talking to various delegations
Published 29 Jan, 2011 12:00am
Severe malnutrition after Pakistan floods: UNICEF

Severe malnutrition after Pakistan floods: UNICEF

The UN children's agency said on Friday that six months on from Pakistan's devastating floods, nearly a quarter of children in the worst-hit province of Sindh remain acutely malnourished. The results of a new provincial survey show the problem is critical
Published 29 Jan, 2011 12:00am
Work to be started on extension of Bhatta Chowk

Work to be started on extension of Bhatta Chowk

Punjab Chief Minister, Shahbaz Sharif on Friday presiding over a meeting has decided to immediately start work on extension of Bhatta Chowk and improvement of Lahore Canal Road projects. Addressing the meeting, the chief minister said that due to increasi
Published 29 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Friday (January 28, 2011) and the forecast for Saturday (January 29, 2011).

Published 29 Jan, 2011 12:00am
KCCI, KSE to set joint platform for stabilising economy

KCCI, KSE to set joint platform for stabilising economy

Karachi Chamber of Commerce and Industry has welcomed Karachi Stock Exchange's initiative to set up a joint platform with KCCI and chalk out a concrete line of action to motivate the business community for stabilising the country's economy.
Published 29 Jan, 2011 12:00am
Swiss envoy briefed about development projects

Swiss envoy briefed about development projects

Ambassador of Switzerland in Pakistan, Christoph Bubb called on Punjab Chief Minister, Muhammad Shahbaz Sharif, here on Friday. Matters of mutual interest and co-operation in various sectors were discussed during the meeting.
Published 29 Jan, 2011 12:00am
Sindh seeks Rs 16 billion to fortify embankments of River Indus

Sindh seeks Rs 16 billion to fortify embankments of River Indus

Government of Sindh has sought Rs 16 billion in funds from Federal government to fortify the embankments of River Indus, Sindh Chief Minister, Syed Qaim Ali Shah said. He was talking to media persons at CM House here on Friday after signing of Memorandum
Published 29 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 29 Jan, 2011 12:00am
Sindh seeks Rs 16 billion to fortify embankments of River Indus

Sindh seeks Rs 16 billion to fortify embankments of River Indus

Government of Sindh has sought Rs 16 billion in funds from Federal government to fortify the embankments of River Indus, Sindh Chief Minister, Syed Qaim Ali Shah said. He was talking to media persons at CM House here on Friday after signing of Memorandum
Published 29 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 29 Jan, 2011 12:00am
Sindh seeks Rs 16 billion to fortify embankments of River Indus

Sindh seeks Rs 16 billion to fortify embankments of River Indus

Government of Sindh has sought Rs 16 billion in funds from Federal government to fortify the embankments of River Indus, Sindh Chief Minister, Syed Qaim Ali Shah said. He was talking to media persons at CM House here on Friday after signing of Memorandum
Published 29 Jan, 2011 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 January 25, 2011.

Published 29 Jan, 2011 12:00am
Restructuring of eight large industries planned: Prime Minister

Restructuring of eight large industries planned: Prime Minister

Prime Minister Syed Yousuf Raza Gilani said on Friday that the government was working on a "new economic structure" to accelerate the development pace in the country. "We have decided to restructure eight large national industries to improve their efficie
Published 29 Jan, 2011 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 January 25, 2011.

Published 29 Jan, 2011 12:00am
Sindh government defers APC

Sindh government defers APC

The All Parties Conference (APC) convened by Chief Minister of Sindh, Syed Qaim Ali Shah, on January 31, has been postponed. "The APC convened on January 31 at Chief Minister's House has been postponed," said CM's spokesman Waqar Mehdi in a statement issu
Published 29 Jan, 2011 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 January 25, 2011.

Published 29 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 28, 2011).

Published 29 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 28, 2011).

Published 29 Jan, 2011 12:00am
Six judges of Supreme Court to retire this year

Six judges of Supreme Court to retire this year

Six judges of the Supreme Court four of them permanent and two ad hoc will retire in this year according to the record of the apex court. Judges who will retire in different months of this year are Justice Javed Iqbal on July 31, 2011, Justice Raja Fayyaz
Published 29 Jan, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (January 28, 2011) and for Saturday (January 29, 2011).
Published 29 Jan, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 28, 2011).

Published 29 Jan, 2011 12:00am
NICL land scam: 'Maalik never implicated any political personality'

NICL land scam: 'Maalik never implicated any political personality'

Pakistan Muslim League, Quaid-e-Azam (PML-Q)'s Secretary Information, Kamil Ali Agha has said that Muhammad Maalik, one of the accused in the National Insurance Company Limited (NICL) scam case, never implicated any political personality in the case.
Published 29 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 28, 2011).

Published 29 Jan, 2011 12:00am
Benefiting from USAID scheme: KBP seeks interest-free loans for growers

Benefiting from USAID scheme: KBP seeks interest-free loans for growers

While welcoming the Tube Well Efficiency Improvement Programme (TWEIP), initiated by the USAID, the Kisan Board Pakistan (KBP) has urged the government to extend interest-free loans to growers for participating in this programme and making it a success.
Published 29 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 28, 2011).

Published 29 Jan, 2011 12:00am
Balochistan Assembly reposes confidence in Zardari

Balochistan Assembly reposes confidence in Zardari

The members of Balochistan Assembly through a resolution on Friday reposed trust in the leadership of President and Co-chairman of Pakistan Peoples Party (PPP) Asif Ali Zardari. Speaker Aslam Bhootani presided over the assembly session. Balochistan Minist
Published 29 Jan, 2011 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Rehman Malik, Minister for Interior, came under severe criticism from the treasury benches during the National Assembly session. The charge levelled by Noor Alam Khan, Pakistan People's Party Parliamentary Secretary on Petroleum, was that Malik requested
Published 29 Jan, 2011 12:00am
THE RUPEE: dollar turns lower

THE RUPEE: dollar turns lower

Upward trend was witnessed on the money market on Friday as the rupee recovered modestly versus dollar in process of trading, dealers said. The rupee gained 10 paisa against dollar for buying at 85.70 and rose by 12 paisa for selling at 85.73, they said.
Published 29 Jan, 2011 12:00am
THE RUPEE: dollar turns lower

THE RUPEE: dollar turns lower

Upward trend was witnessed on the money market on Friday as the rupee recovered modestly versus dollar in process of trading, dealers said. The rupee gained 10 paisa against dollar for buying at 85.70 and rose by 12 paisa for selling at 85.73, they said.
Published 29 Jan, 2011 12:00am
Flawed judicial system behind rising ethnic violence: Fauzia

Flawed judicial system behind rising ethnic violence: Fauzia

Information Secretary Pakistan Peoples Party (PPP), Fauzia Wahab has blamed judicial system flaws behind rising ethnic violence in society and urged to identify and address them efficiently. She was addressing a seminar on "No to Incitement for Violence"
Published 29 Jan, 2011 12:00am
APC to get positive response in Sindh: Gilani

APC to get positive response in Sindh: Gilani

Prime Minister Syed Yousuf Raza Gilani has said that All Parties Conference (APC) will bring a positive response in Sindh province. He was talking to media persons after holding a meeting with veteran politician and chief of PML(F) Pir Pagaro at Kingri Ho
Published 29 Jan, 2011 12:00am
PAMA flays decision to allow used cars' import

PAMA flays decision to allow used cars' import

The Pakistan Automobile Manufacturers Association (PAMA) in its meeting strongly condemned the government decision to allow import of five-year old used cars into the country. "We are particularly disappointed with the role played by our patron Ministry o
Published 29 Jan, 2011 12:00am
Prime Minister urged to reject proposal of raising POL prices

Prime Minister urged to reject proposal of raising POL prices

Pakistan Industrial and Traders Associations Front (PIAF) has urged the Prime Minister to out rightly reject any proposal of increase in petroleum prices as it would jack-up inflation to an unprecedented level. PIAF Chairman Sohail Lashari, in a statement
Published 29 Jan, 2011 12:00am
Pakistani arrested in Spain in al Qaeda probe

Pakistani arrested in Spain in al Qaeda probe

Spanish police have arrested a Pakistani man suspected of being part of a ring that forged passports for al Qaeda-linked groups, a police statement said on Friday. Police said they had hunted for the suspect since December 1 when they swooped on the gang
Published 29 Jan, 2011 12:00am
Muzaffar Warsi passes away

Muzaffar Warsi passes away

Prominent Urdu Poet and Naat Khwan, Muzaffar Warsi passed away on Friday, Aaj News reported. According to the channel, he had been suffering from paralysis for many years. Warsi was born on December 20, 1933 in Meerut, India. He was a prominent Urd
Published 29 Jan, 2011 12:00am
Muzaffar Warsi passes away

Muzaffar Warsi passes away

Prominent Urdu Poet and Naat Khwan, Muzaffar Warsi passed away on Friday, Aaj News reported. According to the channel, he had been suffering from paralysis for many years. Warsi was born on December 20, 1933 in Meerut, India. He was a prominent Urd
Published 29 Jan, 2011 12:00am
Salmaan Taseer's murder: plot hatched to involve me, Shahbaz, says Nawaz

Salmaan Taseer's murder: plot hatched to involve me, Shahbaz, says Nawaz

Pakistan Muslim League-Nawaz chief Nawaz Sharif on Friday said that Prime Minister Syed Yousuf Raza Gilani averted a plot to involve him and Punjab Chief Minister Shahbaz Sharif in Salmaan Taseer's murder case. "Efforts were afoot in power corridors of Is
Published 29 Jan, 2011 12:00am
Salmaan Taseer's murder: plot hatched to involve me, Shahbaz, says Nawaz

Salmaan Taseer's murder: plot hatched to involve me, Shahbaz, says Nawaz

Pakistan Muslim League-Nawaz chief Nawaz Sharif on Friday said that Prime Minister Syed Yousuf Raza Gilani averted a plot to involve him and Punjab Chief Minister Shahbaz Sharif in Salmaan Taseer's murder case. "Efforts were afoot in power corridors of Is
Published 29 Jan, 2011 12:00am
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