News Archives for Print - 2011-02-02 - Business Recorder

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Jan 30, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2011-02-02

Child protection, welfare act: Unicef offers support for implementation

Child protection, welfare act: Unicef offers support for implementation

United Nations Children Education Fund (Unicef) will extend technical and operational co-operation to Government of Khyber Pakhtunkhwa for implementing the newly enacted "child protection and welfare act" in letter and spirit.

Published 02 Feb, 2011 12:00am

Diamer Bhasha dam: ADB refuses lending in 2011

Diamer Bhasha dam: ADB refuses lending in 2011

The Asian Development Bank (ADB) has refused to provide lending for the multi-billion dollars Diamer Bhasha dam project during the current calendar year despite Pakistan government''s assurance of eliminating subsidy to the power sector, Business Recorder

Published 02 Feb, 2011 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 02 Feb, 2011 12:00am

NICL scam: bank manager arrested, Supreme Court told

NICL scam: bank manager arrested, Supreme Court told

The Supreme Court was informed on Tuesday that the bank manager Mohammad Malik had been arrested for opening fake accounts for payments to Moonis Elahi, son of former Punjab Chief Minister Pervaiz Elahi.

Published 02 Feb, 2011 12:00am

Clearing Schedule for T+2 System

Clearing Schedule for T+2 System

Karachi Stock Exchange's Clearing Schedule for T+2 System.

Published 02 Feb, 2011 12:00am

NICL scam: bank manager arrested, Supreme Court told

NICL scam: bank manager arrested, Supreme Court told

The Supreme Court was informed on Tuesday that the bank manager Mohammad Malik had been arrested for opening fake accounts for payments to Moonis Elahi, son of former Punjab Chief Minister Pervaiz Elahi.

Published 02 Feb, 2011 12:00am

Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 02 Feb, 2011 12:00am

NICL scam: bank manager arrested, Supreme Court told

NICL scam: bank manager arrested, Supreme Court told

The Supreme Court was informed on Tuesday that the bank manager Mohammad Malik had been arrested for opening fake accounts for payments to Moonis Elahi, son of former Punjab Chief Minister Pervaiz Elahi.

Published 02 Feb, 2011 12:00am

Last date of renunciation/payment

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 02 Feb, 2011 12:00am

China, Pakistan, Iran blocked from Indian airshow

China, Pakistan, Iran blocked from Indian airshow

India, which hosts South Asia's biggest airshow next week, has not invited arch-rival Pakistan, China or Iran to the biennial event, organisers said on Tuesday. "Invitations to the airshow have not been sent to China, Pakistan and Iran but these are decid

Published 02 Feb, 2011 12:00am

Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 02 Feb, 2011 12:00am

China, Pakistan, Iran blocked from Indian airshow

China, Pakistan, Iran blocked from Indian airshow

India, which hosts South Asia's biggest airshow next week, has not invited arch-rival Pakistan, China or Iran to the biennial event, organisers said on Tuesday. "Invitations to the airshow have not been sent to China, Pakistan and Iran but these are decid

Published 02 Feb, 2011 12:00am

Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Feb, 2011 12:00am

Moonis has nothing to do with deal: Warraich

Moonis has nothing to do with deal: Warraich

Mohsin Habib Warraich has categorically declared in a statement duly attested by Pakistan High Commission that Moonis Elahi has nothing to do with the NICL deal and transaction. Mohsin Warraich said that he faxed a statement addressed to additional DG FIA

Published 02 Feb, 2011 12:00am

BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Feb, 2011 12:00am

Moonis has nothing to do with deal: Warraich

Moonis has nothing to do with deal: Warraich

Mohsin Habib Warraich has categorically declared in a statement duly attested by Pakistan High Commission that Moonis Elahi has nothing to do with the NICL deal and transaction. Mohsin Warraich said that he faxed a statement addressed to additional DG FIA

Published 02 Feb, 2011 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Holding dual office by Zardari: Supreme Court adjourns hearing of petitions

Holding dual office by Zardari: Supreme Court adjourns hearing of petitions

A full bench of the Lahore High Court here Tuesday adjourned to February 3 the hearing of the petitions challenging holding of dual office by President Asif Ali Zardari when arguments of the petitioner's counsel were in progress.

Published 02 Feb, 2011 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (February 01, 2011)

Published 02 Feb, 2011 12:00am

$714 million spent on import of 1.1 million tons of sugar: TCP completes operation

$714 million spent on import of 1.1 million tons of sugar: TCP completes operation

Trading Corporation of Pakistan (TCP) has completed the operation for import of 1.1 million tons sugar, as the last consignment of the commodity has reached Karachi. Sources told Business Recorder that the country has spent $716 million on the impo

Published 02 Feb, 2011 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (February 01, 2011)

Published 02 Feb, 2011 12:00am

Tando Allahyar Chamber starts work

Tando Allahyar Chamber starts work

The newly established Tando Allahyar Chamber of Commerce and Industry has formally started functioning. Vice President Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Engr. Muhammad Usman Sheikh inaugurated the trade body, said a statemen

Published 02 Feb, 2011 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (February 01, 2011)

Published 02 Feb, 2011 12:00am

Traders buy two million tonnes of wheat for export

Traders buy two million tonnes of wheat for export

Traders have bought about 2 million tonnes of domestic wheat for export, and shipments have already started, government officials and traders said on Tuesday. The central Punjab province, which grows most of the country's wheat, intends to export over 2 m

Published 02 Feb, 2011 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Agreement for sale of 1.48 million ton of wheat finalised: minister

Agreement for sale of 1.48 million ton of wheat finalised: minister

Punjab Food Minister Chaudhry Abdul Ghafoor has said that agreements for the sale of 1.478 million ton of wheat have been finalised out of which the food department has so far released 100,000 ton wheat to different private parties. While the parties conc

Published 02 Feb, 2011 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Minister felicitates PUJ office-bearers

Minister felicitates PUJ office-bearers

Punjab Finance Minister, Tanvir Ashraf Kaira on Tuesday congratulated the newly elected office bearers of Punjab Union of Journalists (PUJ) on their victory in election. He hoped that newly elected office bearers would play their role to resolve the probl

Published 02 Feb, 2011 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Railway's measure to raise service charges: LCAA to go on strike from February 3

Railway's measure to raise service charges: LCAA to go on strike from February 3

Lahore Customs Agents Association has announced to go on strike from Thursday against Pakistan Railway's step to increase charges of six services including port surcharge, demurrage, crane handling, weigh bridge and gate entry fee. According to the Associ

Published 02 Feb, 2011 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Assassination of Taseer: Anti Terrorist Court exonerates two accused

Assassination of Taseer: Anti Terrorist Court exonerates two accused

Two men accused of assassination of Punjab Governor Salmaan Taseer have been exonerated by the Anti Terrorist Court (ATC) after the investigation team presented a report on Tuesday. Raja Ikhlaq Hussain, Judge of ATC-II resumed the hearing of the assassina

Published 02 Feb, 2011 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Cotton import from India: Indian exporters refuse to fulfill deals: APTMA chief

Cotton import from India: Indian exporters refuse to fulfill deals: APTMA chief

Indian cotton exporters have refused to fulfill the already finalised export deals with Pakistani importers and stopped shipments to Pakistan. Addressing a press conference here on Tuesday, vice chairman All Pakistan Textile Mills Association (APTMA) Yasi

Published 02 Feb, 2011 12:00am

PAKISTAN INTERNATIONAL AIRLINES - Analysis of Financial Statements Financial Year 2005-3Q'10

PAKISTAN INTERNATIONAL AIRLINES - Analysis of Financial Statements Financial Year 2005-3Q'10

Pakistan International Airlines (PIA), Pakistan's national flagship airline, has been a pioneer since its inception in 1955. PIA provides air transport services. Other activities of the company include provision of engineering and other allied services. P

Published 02 Feb, 2011 12:00am

Investigation is under process: parliamentarians should avoid debate over Davis case, says Kaira

Investigation is under process: parliamentarians should avoid debate over Davis case, says Kaira

The government on Tuesday urged parliamentarians not to mistrust the government's intent in the ongoing investigation in the Raymond Davis case, charged with killing two in Lahore, and to avoid being judgmental prior to the completion of the investigation

Published 02 Feb, 2011 12:00am

PAKISTAN INTERNATIONAL AIRLINES - Analysis of Financial Statements Financial Year 2005-3Q'10

PAKISTAN INTERNATIONAL AIRLINES - Analysis of Financial Statements Financial Year 2005-3Q'10

Pakistan International Airlines (PIA), Pakistan's national flagship airline, has been a pioneer since its inception in 1955. PIA provides air transport services. Other activities of the company include provision of engineering and other allied services. P

Published 02 Feb, 2011 12:00am

Davis's visa record not missing: Malik

Davis's visa record not missing: Malik

Federal Minister for Interior Rehman Malik has dispelled the impression that the record of the visa issued to US national Raymond Davis is missing from Interior Ministry, saying that the record is safe, which could be produced before the court if asked.

Published 02 Feb, 2011 12:00am

THE RUPEE: dollar eases

THE RUPEE: dollar eases

The rupee managed to recover lost ground against dollar on Tuesday despite rising demand for the US currency, dealers said. The rupee appreciated by 12 paisa versus dollar for buying at 85.56 and gained 11 paisa for selling at 85.61, they said.

Published 02 Feb, 2011 12:00am

Government urged to replace law minister

Government urged to replace law minister

The lawmakers on Tuesday urged the government to replace Minister for Law Justice and Parliamentary Affairs, Babar Awan being so busy in others affairs that he was 'absent' from the National Assembly on the fourth consecutive count on private members' day

Published 02 Feb, 2011 12:00am

THE RUPEE: dollar eases

THE RUPEE: dollar eases

The rupee managed to recover lost ground against dollar on Tuesday despite rising demand for the US currency, dealers said. The rupee appreciated by 12 paisa versus dollar for buying at 85.56 and gained 11 paisa for selling at 85.61, they said.

Published 02 Feb, 2011 12:00am

Senate record shows Kakar as Housing Minister

Senate record shows Kakar as Housing Minister

Rehmatullah Kakar resigned as Minister for Housing on December 15 last year following Jamiat Ulema-e-Islam-Fazal (JUI-F) decision to part ways with the ruling coalition, but Senate Secretariat record shows he is still leading the ministry.

Published 02 Feb, 2011 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Meeting of PPP's Core Committee

Meeting of PPP's Core Committee

A meeting of the Core Committee of Pakistan People's Party (PPP) has started with President Asif Ali Zardari in the chair at the Aiwan-e-Sadr on Tuesday night.

Published 02 Feb, 2011 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Payment of salaries to devolved ministries' employees: CCI constitutes committee to devise strategy

Payment of salaries to devolved ministries' employees: CCI constitutes committee to devise strategy

The Council of Common Interest (CCI) on Tuesday constituted a committee headed by Secretary Finance Dr Waqar Masood to devise strategy for payment of salaries to the employees of devolved ministries. The CCI met here with Prime Minister Yousuf Raza Gilani

Published 02 Feb, 2011 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Police Encounter: one dacoit killed, four arrested

Police Encounter: one dacoit killed, four arrested

An alleged dacoit was killed while four others arrested in separate police encounters at different part of metropolis on Tuesday. According to police, first encounter took place at Malir Cant area where the two-armed men snatched valuables from Multan Kha

Published 02 Feb, 2011 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Increase in depreciation rate to be the 'death warrant': car assemblers express fear

Increase in depreciation rate to be the 'death warrant': car assemblers express fear

Pakistan's car assemblers fear that increase in depreciation from one percent to two percent may prove the 'death warrant' for local industry, which is already suffering from a downswing in demand due to recession, on the one hand, and severe energy short

Published 02 Feb, 2011 12:00am

National Commodity Exchange Trading Summary

National Commodity Exchange Trading Summary

National Commodity Exchange Limited Trading Summary on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Telenor Pakistan appoints new CEO

Telenor Pakistan appoints new CEO

Telenor Pakistan Tuesday announced that its Board of Directors has appointed Christian Albech the company's new Chief Executive Officer (CEO) who will succeed Jon Eddy Abdullah from March 1, 2011.

Published 02 Feb, 2011 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

'Credible minimum deterrence policy being followed'

'Credible minimum deterrence policy being followed'

Dismissing an "unnecessary alarmist reporting" about Pakistan's nuclear programme, Pakistan said on Tuesday that it would continue to follow a responsible policy of maintaining credible minimum deterrence.

Published 02 Feb, 2011 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Ramdey observes Reko Diq contract signed during caretaker government

Ramdey observes Reko Diq contract signed during caretaker government

Justice Khalil-ur-Rehman Ramday on Tuesday observed that the exploration contract of Reko-Diq goldmine project in Balochistan was signed when a caretaker government was in place. A four-member bench headed by Chief Justice Iftikhar Mohammad Chaudhary comp

Published 02 Feb, 2011 12:00am

Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (February 01, 2011) and for Wednesday (February 02, 2011).

Published 02 Feb, 2011 12:00am

Second Turkish power ship: minister directs Pepco to complete connectivity in two weeks

Second Turkish power ship: minister directs Pepco to complete connectivity in two weeks

The Ministry of Water and Power has directed Pakistan Electric Power Company (Pepco) to complete the procedural connectivity requirements for power generation from Turkish power ship within two weeks. This was stated by the Minister for Water and Power, P

Published 02 Feb, 2011 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Trial of Raymond Davis: Senate asks government not to succumb to any pressure

Trial of Raymond Davis: Senate asks government not to succumb to any pressure

The Senate on Tuesday asked the government not to succumb to any sort of pressure regarding the trial Raymond Davis, an US embassy officials facing double murder charges in Lahore.

Published 02 Feb, 2011 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 02 Feb, 2011 12:00am

Gilgit-Baltistan governor takes oath

Gilgit-Baltistan governor takes oath

The newly appointed governor of Gilgit-Baltistan, Syed Pir Karam Ali Shah took oath of his office, here on Tuesday, in a ceremony held in the regional capital of Gilgit. The ceremony was organised in the historic Chinar Bagh of the capital.

Published 02 Feb, 2011 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 02 Feb, 2011 12:00am

PSO's circular debt of Rs 145 billion: 'tariff rationalisation only recipe to overcome crisis'

PSO's circular debt of Rs 145 billion: 'tariff rationalisation only recipe to overcome crisis'

Minister for Petroleum and Natural Resources, Syed Naveed Qamar told National Assembly on Tuesday that 'tariff rationalisation' was the only recipe he could offer to overcome Pakistan State Oil (PSO) circular debt of Rs 145 billion.

Published 02 Feb, 2011 12:00am

LME official plastics prices

LME official plastics prices

The following were Monday official prices.

Published 02 Feb, 2011 12:00am

Halal industry's road show begins

Halal industry's road show begins

In order to promote Halal products of Pakistan a national awareness road show started on Tuesday from Peshawar. The road show will pass by 50 major cities of Pakistan and conclude on March 1, 2011 at Karachi. This was revealed in information of Hilal Rese

Published 02 Feb, 2011 12:00am

LME official plastics prices

LME official plastics prices

The following were Monday official prices.

Published 02 Feb, 2011 12:00am

Senate refers SBP (Amendment) Bill 2010, IDBP Bill 2010 to committee

Senate refers SBP (Amendment) Bill 2010, IDBP Bill 2010 to committee

The Senate on Tuesday referred State Bank of Pakistan (Amendment) Bill, 2010 and The Industrial Development Bank of Pakistan (Reorganisation and Conversion) Bill, 2010 to the Standing Committee on Finance for report within one month.

Published 02 Feb, 2011 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 01, 2011).

Published 02 Feb, 2011 12:00am

Senate refers SBP (Amendment) Bill 2010, IDBP Bill 2010 to committee

Senate refers SBP (Amendment) Bill 2010, IDBP Bill 2010 to committee

The Senate on Tuesday referred State Bank of Pakistan (Amendment) Bill, 2010 and The Industrial Development Bank of Pakistan (Reorganisation and Conversion) Bill, 2010 to the Standing Committee on Finance for report within one month.

Published 02 Feb, 2011 12:00am

The Weather

The Weather

The weather report on Tuesday (February 01, 2011) and the forecast for Wednesday (February 02, 2011).

Published 02 Feb, 2011 12:00am

Senate informed about country's gold reserve

Senate informed about country's gold reserve

The Senate was informed on Tuesday that the country has a total gold reserve of 1,339.25 tons combined at Reko-Diq and Saindak, with 1,275.75 tons and 63.50 tons at both the places respectively.

Published 02 Feb, 2011 12:00am

'Efforts on to curtail Hajj expenses'

'Efforts on to curtail Hajj expenses'

Minister for Religious Affairs Syed Khursheed Ahmad Shah said on Tuesday that efforts were on to curtail Haj expenses from Rs 2,36,000 to Rs 200,000 per pilgrim, under the government scheme for the Hajj 2011. "Keeping in view the difficulties of the previ

Published 02 Feb, 2011 12:00am

FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

It was observed in the Parliament that all Parliamentary parties are on the same page as far as the issue of US official Raymond Davis is concerned. Pakistan people's Party (PPP) categorically stated that the US gunman's fate will be decided by the court.

Published 02 Feb, 2011 12:00am

Raymond Davis case: Punjab asks Islamabad to hand over driver

Raymond Davis case: Punjab asks Islamabad to hand over driver

Punjab government has asked the federal government to hand over driver involved in killing of Ibadur Rehman, a private TV channel reported Tuesday. According to the channel, in a letter written to the federal secretary, Punjab government has informed the

Published 02 Feb, 2011 12:00am

'CCP to protect small units with large companies' help'

'CCP to protect small units with large companies' help'

The Competition Commission of Pakistan (CCP), with active support from large companies, will protect small and medium companies to promote the atmosphere of competition against monopoly of a single company, which is also harmful for the masses, said CCP C

Published 02 Feb, 2011 12:00am

Benazir Bhutto assassination case: two former senior police officers again sent to jail on judicial remand

Benazir Bhutto assassination case: two former senior police officers again sent to jail on judicial remand

Two ex-senior police officers of Punjab Police detained in Benazir Bhutto assassination case were again sent to Central Jail Adiala on judicial remand on Tuesday.

Published 02 Feb, 2011 12:00am

Mobilink distributes warm clothes among flood affectees

Mobilink distributes warm clothes among flood affectees

With temperatures plummeting to as low as zero degrees or below, winter this year has been harsh especially for the flood affectees. Mobilink Foundation, the non-profit philanthropic arm of Pakistan's market leader in cellular services Mobilink, in contin

Published 02 Feb, 2011 12:00am

'Forests for Water and Wetlands': World Wetlands Day being celebrated today

'Forests for Water and Wetlands': World Wetlands Day being celebrated today

The Federal Ministry of Environment's Pakistan Wetlands Programme has been a trendsetter in developing a firm base for mainstreaming the values of wetlands across the country.

Published 02 Feb, 2011 12:00am

'UK working hard to promote Pakistan's investment climate'

'UK working hard to promote Pakistan's investment climate'

The British Government is working hard to promote the investment climate of Pakistan, and the British High Commission in Pakistan may soon organise an investment conference in United Kingdom to highlight the economic potential of Pakistan.

Published 02 Feb, 2011 12:00am

Farid Malik appointed Chief Strategy Officer LSE

Farid Malik appointed Chief Strategy Officer LSE

The Lahore Stock Exchange (LSE) is pleased to announce the appointment of Farid Malik, CFA as Chief Strategy Officer and Chief Operating Officer at the exchange. Malik is a graduate of London School of Economics and a CEA charter-holder. He has regulatory

Published 02 Feb, 2011 12:00am

Arif Habib Funds announces monthly dividends

Arif Habib Funds announces monthly dividends

The chief executive, on behalf of the board of directors of Arif Habib Investments Limited (AHI) - the management company, has announced monthly dividends for two of its funds. Pakistan Income Enhancement Fund (PIEF) has announced an interim dividend of r

Published 02 Feb, 2011 12:00am

Arif Habib Funds announces monthly dividends

Arif Habib Funds announces monthly dividends

The chief executive, on behalf of the board of directors of Arif Habib Investments Limited (AHI) - the management company, has announced monthly dividends for two of its funds. Pakistan Income Enhancement Fund (PIEF) has announced an interim dividend of r

Published 02 Feb, 2011 12:00am

Easy employment scheme today

Easy employment scheme today

Sillani Welfare international Trust will launch "Easy Employment Scheme", under which some thousands of people will be employed every year. The launching ceremony of the scheme will be held today at Karachi.

Published 02 Feb, 2011 12:00am

PSM corruption case hearing put off for three weeks

PSM corruption case hearing put off for three weeks

The Supreme Court (SC) on Tuesday adjourned Pakistan Steel Mills (PSM) Corruption case hearing, which caused a loss of Rs 22 billion to the exchequer, for three weeks. A four-member bench of the apex court, headed by Chief Justice of Pakistan Iftikhar Muh

Published 02 Feb, 2011 12:00am

President bound to consult Prime Minister before appointing NAB chairman: Supreme Court

President bound to consult Prime Minister before appointing NAB chairman: Supreme Court

The Supreme Court on Tuesday observed that there is a binding on the president under the constitution to consult prime minister before appointing the chairman of NAB.

Published 02 Feb, 2011 12:00am

300 Railways engines off track due to scarcity of funds: Supreme Court informed

300 Railways engines off track due to scarcity of funds: Supreme Court informed

The Supreme Court was informed on Tuesday that out of total 500 railways engines, 300 were off track due to scarcity of funds meant for maintenance with the department. The court observed that Pakistan Railways was the most important means of communicatio

Published 02 Feb, 2011 12:00am

Pakistani teen breaks O Level record

Pakistani teen breaks O Level record

A Pakistani school boy has smashed a world record by getting 23 A grades in his O Levels, taking inspiration from the father of Pakistan's atomic bomb Dr Abdul Qadeer Khan who is hailed a national hero. Ibrahim Shahid, 17, the son of a university professo

Published 02 Feb, 2011 12:00am

Rural areas: 'government trying to provide latest technology, internet facility'

Rural areas: 'government trying to provide latest technology, internet facility'

Provincial Minister Syed Ali Mardan Shah has said that present government is trying to provide latest technology and internet facility in rural areas. This he said during inauguration of Information Technology Resource and Rural Community Internet Centre

Published 02 Feb, 2011 12:00am

Imposition of anti-dumping duty on textile fabrics: CE TDAP to raise issue with Turkish authorities

Imposition of anti-dumping duty on textile fabrics: CE TDAP to raise issue with Turkish authorities

In order to resolve the issue related to anti-dumping duty proposed to be imposed by Turkey on textile fabrics, CE TDAP will call upon Turkish authorities including Zafar Caylan Minister of Commerce and Ali Babacan, Minister for Finance to convey the gove

Published 02 Feb, 2011 12:00am

Sui gas connections: Supreme Court directs secretary petroleum to submit policy

Sui gas connections: Supreme Court directs secretary petroleum to submit policy

The Supreme Court on Tuesday directed secretary petroleum to submit policy regarding the supplying of Sui gas connections to the consumers in the country. Expressing concern over the giving of gas connection on political bases, the court observed that it

Published 02 Feb, 2011 12:00am

New York Cocoa soars, sugar lower

New York Cocoa soars, sugar lower

Arabica coffee futures reversed course and settled lower on Monday after soaring to a 13-1/2 year peak, while US cocoa made its biggest monthly gains in nearly 1-1/2 years due to an ongoing export ban in top grower Ivory Coast.

Published 02 Feb, 2011 12:00am

Brent hits $102 on Egypt concern

Brent hits $102 on Egypt concern

Brent oil prices rose on Tuesday, pushing above $102 a barrel as disruptions at Egyptian ports and Jordan's government shake up kept concerns about unrest in the region and the potential for oil supply interruptions in focus. US crude prices fell in chopp

Published 02 Feb, 2011 12:00am

Brent hits $102 on Egypt concern

Brent hits $102 on Egypt concern

Brent oil prices rose on Tuesday, pushing above $102 a barrel as disruptions at Egyptian ports and Jordan''s government shake up kept concerns about unrest in the region and the potential for oil supply interruptions in focus. US crude prices fell in chop

Published 02 Feb, 2011 12:00am

Liffe robusta at new 2-1/4-year peak

Liffe robusta at new 2-1/4-year peak

Liffe May robusta coffee ends $47 up at $2,258 a tonne after touching $2,261 a tonne, the highest for the second month contract since September 2008. Dealers say the contract was boosted by technical trading after breaking through contract highs in the pr

Published 02 Feb, 2011 12:00am

US soyabean ends up

US soyabean ends up

Soyabean futures on the Chicago Board of Trade closed 1 percent higher on Monday on concerns about a port strike in Argentina, along with spillover strength from corn, wheat and crude oil, traders said. CBOT March soyabean settled up 15 cents at $14.13 pe

Published 02 Feb, 2011 12:00am

Malaysian floods stir food price fear: refiners take Indonesian palm oil

Malaysian floods stir food price fear: refiners take Indonesian palm oil

Malaysian refiners snapped up more Indonesian crude palm oil to meet orders globally after floods in a key growing area submerged estates and cut off roads, adding to Asia's escalating food costs. Malaysia's worst flood in four years may force big Asian b

Published 02 Feb, 2011 12:00am

Shanghai copper hits nearly four-year high

Shanghai copper hits nearly four-year high

London copper rallied to a record $9,860 a tonne on Tuesday, tin also rose to an unprecedented $30,400 a tonne, while Shanghai copper hit its highest in nearly four years supported by positive Chinese purchase manager data and healthy US factory activity.

Published 02 Feb, 2011 12:00am

New York cotton ends sharply up

New York cotton ends sharply up

US cotton futures settled higher on Tuesday for the second day running on speculative buying inspired in part by stronger Chinese prices, with no sign speculative bulls are done rallying fibre contracts. Cotton futures had risen over 22 percent in a fresh

Published 02 Feb, 2011 12:00am

US copper surges

US copper surges

Copper surged to a new record high in London on Monday, as investors brushed aside escalating tensions in Egypt, and instead, focused on robust demand prospects in the United States and China - the world's top two consumers. COMEX copper for March deliver

Published 02 Feb, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
Dow Jones / Jan 29	44,713.52
India Sensex / Jan 30	76,776.38
Tokyo Nikkei / Jan 30	39,467.47
FTSE 100 / Jan 30	8,567.71
Germany DAX 30 / Jan 30	21,655.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Petrol/Litre / Jan 30	256.13
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Diesel/Litre / Jan 30	260.95

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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