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Print - 2011-03-03
Rabi crops 2010-2011: PPCBL advances Rs 217 billion loans

Rabi crops 2010-2011: PPCBL advances Rs 217 billion loans

Punjab Provincial Co-operative Bank Ltd (PPCBL) advanced Rs 2.1743 billion as agri-loans for Rabi crops 2010-2011 through 94,063 farmers/members of 12,250 cooperative societies in the province till 28th February 2011. This was stated by President/Chief Ex
Published 03 Mar, 2011 12:00am
Centre to decide whether or not Davis enjoys diplomatic immunity: LHC CJ

Centre to decide whether or not Davis enjoys diplomatic immunity: LHC CJ

Lahore High Court Chief Justice (LHC CJ), Justice Ijaz Ahmad Chaudhry here on Wednesday observed that federal government will decide whether or not American national Raymond Davis enjoys diplomatic immunity. The CJ however, denying to make the US governme
Published 03 Mar, 2011 12:00am
Gas for Punjab: GEH negotiating for LNG import

Gas for Punjab: GEH negotiating for LNG import

The Global Energy Holding Limited (GEH), supported by Punjab government, is negotiating for import of LNG with the federal government, Business Recorder has learnt. GEH trading portfolio currently consists of oil, oil products, natural gas, LNG, an
Published 03 Mar, 2011 12:00am
Capital Police nab nine including 2 Afghans

Capital Police nab nine including 2 Afghans

Capital Police nabbed nine outlaws including two foreigners and recovered two pistols, one magazine, 2.11 kg charas, 13 bottles of liquor and other stolen items from their possession, said a spokesman of Islamabad Police on Wednesday. Shahzad Town Police
Published 03 Mar, 2011 12:00am
MQM chief talks to Pir Pagaro on phone

MQM chief talks to Pir Pagaro on phone

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain on Wednesday had a telephonic conversation with Head of Pakistan Muslim League, Functional (PML-F) Pir Pagaro. They discussed overall political situation of the country during their telephonic conversatio
Published 03 Mar, 2011 12:00am
CII concerned over increasing trend of intolerance

CII concerned over increasing trend of intolerance

The Council of Islamic Ideology (CII) on Wednesday expressed concern over increasing trend of intolerance, violence and extremism in the society The Council also urged all sections of society to play their effective role for promoting the culture of mutua
Published 03 Mar, 2011 12:00am
Corruption in SOEs: only change of BoDs won't do good

Corruption in SOEs: only change of BoDs won't do good

Corruption, the key factor in the mounting losses suffered by State Owned Entities (SOEs), is unlikely to be eliminated completely with only the change of Board of Directors (BoDs) as currently under way, analysts said. According to reports SOEs eat up ar
Published 03 Mar, 2011 12:00am
TCC counsel presents arguments in Reko Diq case

TCC counsel presents arguments in Reko Diq case

Supreme Court Chief Justice Iftikhar Muhammad Chaudhry on Wednesday observed that foreign investment is welcome without conditionalities by the investor, as Pakistan is a sovereign state and investment agreements must be subject to local laws.
Published 03 Mar, 2011 12:00am
Four passengers die, dozens injured in a collision

Four passengers die, dozens injured in a collision

Four passengers were killed, while two dozen injured in a collision between two passenger buses near Kot Khaira on Jhang-Bhakkar road collided with each other, here on Wednesday morning. According to police sources, this accident took placed due to over s
Published 03 Mar, 2011 12:00am
Cylinder explosion in van claims 6 lives

Cylinder explosion in van claims 6 lives

Six people, including five children, were killed while 13 others sustained serious burn injuries when a CNG cylinder of a van exploded near here on Wednesday. According to Rescue 1122, a Sialkot-bound commuters van was on its way when its CNG cylinder exp
Published 03 Mar, 2011 12:00am
Bus operators support today's strike

Bus operators support today's strike

Anjuman-e-Ettehad Bus Malikan Karachi on Wednesday fully supported the strike call of Karachi Transport Ittehad and demanded immediate reduction in diesel prices. Anjuman-e-Ettehad Bus Malika president Muhammad Ashraf Banglori and other leaders warned if
Published 03 Mar, 2011 12:00am
Unification Bloc meeting on March 4

Unification Bloc meeting on March 4

Leader of the Parliamentary Party of Pakistan Muslim League-Q (Unification Block) in the Punjab Assembly, Dr Tahir Ali Javed has convened the meeting of the parliamentary party on Friday (tomorrow) at 11am in the committee room of Punjab Assembly.
Published 03 Mar, 2011 12:00am
CJ LHC dismisses petition against increase in POL prices

CJ LHC dismisses petition against increase in POL prices

The Chief Justice Lahore High Court on Wednesday hearing a petition against recent increase in POL prices as "objection case" directed the petitioner to bring impugned notification and an application which the petitioner claimed to have filed with oil and
Published 03 Mar, 2011 12:00am
Buses, trucks and tractors: MoC seeks data to be placed before ECC

Buses, trucks and tractors: MoC seeks data to be placed before ECC

The ministry of commerce has reportedly sought data from the ministry of industries and production (MoI&P) on buses, trucks, vans, tractors and pickups. The data will be placed before the Economic Co-ordination Committee (ECC) of the Cabinet in its next m
Published 03 Mar, 2011 12:00am
Mentally disturbed person shot his expectant spouse, sister

Mentally disturbed person shot his expectant spouse, sister

A mentally disturbed man on Wednesday shot his expectant spouse and sister over domestic disputes in the limit of Sir Syed police station. According to police, the accused Ghulam Akbar, who was mentally disturbed and a resident of sector 7A of Bilal colon
Published 03 Mar, 2011 12:00am
'Unification bloc' be considered as parliamentary party: Aitzaz

'Unification bloc' be considered as parliamentary party: Aitzaz

Renowned lawyer and senior PPP leader Chaudhry Aitzaz Ahsan Wednesday said so-called 'Unification bloc' of Pakistan Muslim League in Punjab Assembly would now be considered as a parliamentary party. Talking to journalists outside Supreme Court, he said th
Published 03 Mar, 2011 12:00am
Talks with US to get more F-16s continue: PAF chief

Talks with US to get more F-16s continue: PAF chief

Pakistan is in negotiations with the United States to get more Lockheed Martin F-16s over and above what it already has on order, while at the same time it develops its defence manufacturing capability to reduce its reliance on the US.
Published 03 Mar, 2011 12:00am
US court summons Indian Congress party

US court summons Indian Congress party

The US court for the Southern District of New York has issued summons to India's Congress Party in a class action law suit filed by US-based Sikh Group, 'Sikhs For Justice' (SFJ), to answer charges of 'conspiring, aiding, abetting and carrying out organis
Published 03 Mar, 2011 12:00am
US court summons Indian Congress party

US court summons Indian Congress party

The US court for the Southern District of New York has issued summons to India's Congress Party in a class action law suit filed by US-based Sikh Group, 'Sikhs For Justice' (SFJ), to answer charges of 'conspiring, aiding, abetting and carrying out organis
Published 03 Mar, 2011 12:00am
Banking spread up by 32bps

Banking spread up by 32bps

The overall banking spread increased by 32bps to 7.57 percent in January 2011 as compared to 7.25 percent recorded in the same month in 2010. This increase was primarily due to higher interest rates, compared to last year, analysts said. This was evident
Published 03 Mar, 2011 12:00am
Banking spread up by 32bps

Banking spread up by 32bps

The overall banking spread increased by 32bps to 7.57 percent in January 2011 as compared to 7.25 percent recorded in the same month in 2010. This increase was primarily due to higher interest rates, compared to last year, analysts said. This was evident
Published 03 Mar, 2011 12:00am
Banking spread up by 32bps

Banking spread up by 32bps

The overall banking spread increased by 32bps to 7.57 percent in January 2011 as compared to 7.25 percent recorded in the same month in 2010. This increase was primarily due to higher interest rates, compared to last year, analysts said. This was evident
Published 03 Mar, 2011 12:00am
Linked with transparency: UK to double aid

Linked with transparency: UK to double aid

The UK has chalked out a plan to double its assistance to Pakistan in the next four years by scaling it up to 446 million pounds or Rs 62 billion per year by 2015, but the increase will be linked to progress in transparency, accountability and eradication
Published 03 Mar, 2011 12:00am
Linked with transparency: UK to double aid

Linked with transparency: UK to double aid

The UK has chalked out a plan to double its assistance to Pakistan in the next four years by scaling it up to 446 million pounds or Rs 62 billion per year by 2015, but the increase will be linked to progress in transparency, accountability and eradication
Published 03 Mar, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (March 02, 2011) and the forecast for Thursday (March 03, 2011).

Published 03 Mar, 2011 12:00am
Linked with transparency: UK to double aid

Linked with transparency: UK to double aid

The UK has chalked out a plan to double its assistance to Pakistan in the next four years by scaling it up to 446 million pounds or Rs 62 billion per year by 2015, but the increase will be linked to progress in transparency, accountability and eradication
Published 03 Mar, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 02, 2011).

Published 03 Mar, 2011 12:00am
ECO asked to facilitate implementation of TTFA

ECO asked to facilitate implementation of TTFA

Pakistan has asked the Economic Co-operation Organisation (ECO) to facilitate the implementation of Transit Transport Framework Agreement (TTFA) for smooth movement of goods and passengers within the ECO region. The Secretary General ECO was asked to play
Published 03 Mar, 2011 12:00am
ECO asked to facilitate implementation of TTFA

ECO asked to facilitate implementation of TTFA

Pakistan has asked the Economic Co-operation Organisation (ECO) to facilitate the implementation of Transit Transport Framework Agreement (TTFA) for smooth movement of goods and passengers within the ECO region. The Secretary General ECO was asked to play
Published 03 Mar, 2011 12:00am
ECO asked to facilitate implementation of TTFA

ECO asked to facilitate implementation of TTFA

Pakistan has asked the Economic Co-operation Organisation (ECO) to facilitate the implementation of Transit Transport Framework Agreement (TTFA) for smooth movement of goods and passengers within the ECO region. The Secretary General ECO was asked to play
Published 03 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 03 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 03 Mar, 2011 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 Wednesday (March 02, 2011).

Published 03 Mar, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 02, 2011).

Published 03 Mar, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (March 02, 2011) and for Thursday (March 03, 2011).
Published 03 Mar, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 02, 2011).

Published 03 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 02, 2011).

Published 03 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 02, 2011).

Published 03 Mar, 2011 12:00am
Qadhafi strikes at town, rebels eye foreign help

Qadhafi strikes at town, rebels eye foreign help

Muammar Qaddafi launched a land and air offensive to retake territory in Libya's east at dawn on Wednesday, sparking a rebel call for foreign air strikes on African mercenaries they said were helping him stay in power. The veteran ruler twinned the attack
Published 03 Mar, 2011 12:00am
Qadhafi strikes at town, rebels eye foreign help

Qadhafi strikes at town, rebels eye foreign help

Muammar Qaddafi launched a land and air offensive to retake territory in Libya's east at dawn on Wednesday, sparking a rebel call for foreign air strikes on African mercenaries they said were helping him stay in power. The veteran ruler twinned the attack
Published 03 Mar, 2011 12:00am
Rs 873.844 billion collected during July-February

Rs 873.844 billion collected during July-February

The Federal Board of Revenue (FBR) has provisionally collected Rs 873.844 billion during July-February period of 2010-11, against Rs 791.408 billion of the corresponding period of 2009-10, showing an improvement of 10.4 percent. Sources told Business R
Published 03 Mar, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Handsome recovery was seen in the value of the rupee versus dollar and euro on the currency market on Wednesday in process of trading, dealers said. The rupee moved up versus dollar gaining three paisa for buying and selling at 85.60 and 85.65, they said.
Published 03 Mar, 2011 12:00am
Rs 873.844 billion collected during July-February

Rs 873.844 billion collected during July-February

The Federal Board of Revenue (FBR) has provisionally collected Rs 873.844 billion during July-February period of 2010-11, against Rs 791.408 billion of the corresponding period of 2009-10, showing an improvement of 10.4 percent. Sources told Business R
Published 03 Mar, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Handsome recovery was seen in the value of the rupee versus dollar and euro on the currency market on Wednesday in process of trading, dealers said. The rupee moved up versus dollar gaining three paisa for buying and selling at 85.60 and 85.65, they said.
Published 03 Mar, 2011 12:00am
Rs 873.844 billion collected during July-February

Rs 873.844 billion collected during July-February

The Federal Board of Revenue (FBR) has provisionally collected Rs 873.844 billion during July-February period of 2010-11, against Rs 791.408 billion of the corresponding period of 2009-10, showing an improvement of 10.4 percent. Sources told Business R
Published 03 Mar, 2011 12:00am
Economic team to brief Zardari on March 8

Economic team to brief Zardari on March 8

President Asif Ali Zardari has summoned the government economic team on March 8 to brief him on the country''s economic situation and the strategy the government intends to put in place to cope with the challenges of rising prices of commodities and their
Published 03 Mar, 2011 12:00am
Economic team to brief Zardari on March 8

Economic team to brief Zardari on March 8

President Asif Ali Zardari has summoned the government economic team on March 8 to brief him on the country's economic situation and the strategy the government intends to put in place to cope with the challenges of rising prices of commodities and their
Published 03 Mar, 2011 12:00am
Economic team to brief Zardari on March 8

Economic team to brief Zardari on March 8

President Asif Ali Zardari has summoned the government economic team on March 8 to brief him on the country's economic situation and the strategy the government intends to put in place to cope with the challenges of rising prices of commodities and their
Published 03 Mar, 2011 12:00am
Cabinet discusses security measures

Cabinet discusses security measures

Strongly condemning the assassination of Minorities Affairs Minister Shahbaz Bhatti, the Cabinet on Wednesday discussed measures to cope with terrorists targeting high-profile government functionaries and vowed to defeat the mindset behind such incidents.
Published 03 Mar, 2011 12:00am
BoI spells out factors causing reduction in FDI

BoI spells out factors causing reduction in FDI

The Board of Investment (BoI) has recognised that regulatory impediments, travel advisories and negative media propaganda are the key factors in reduction of foreign director investment (FDI), official sources told Business Recorder. This was the c
Published 03 Mar, 2011 12:00am
ISE index gains 35.99 points

ISE index gains 35.99 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 35.99 points as the ISE Ten Index moved from 2,772.55
Published 03 Mar, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (March 02, 2011).

Published 03 Mar, 2011 12:00am
ISE index gains 35.99 points

ISE index gains 35.99 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 35.99 points as the ISE Ten Index moved from 2,772.55
Published 03 Mar, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange on Wednesday where equities moved both ways and finally stayed in green zone amid decreased trading turnover because of the investors' conscious approach. The LSE-25 index was further improved by 35.
Published 03 Mar, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange on Wednesday where equities moved both ways and finally stayed in green zone amid decreased trading turnover because of the investors' conscious approach. The LSE-25 index was further improved by 35.
Published 03 Mar, 2011 12:00am
BRIndex30 up 68.88 points

BRIndex30 up 68.88 points

On Wednesday, the BRIndex30 opened at 8,476.17 points. It touched the intra-day high of 8,557.07 points and low of 8,388.58 points, and closed at 8,545.05 points with a net positive change of 68.88 points, or 0.81 percent higher than previous close.
Published 03 Mar, 2011 12:00am
BRIndex30 up 68.88 points

BRIndex30 up 68.88 points

On Wednesday, the BRIndex30 opened at 8,476.17 points. It touched the intra-day high of 8,557.07 points and low of 8,388.58 points, and closed at 8,545.05 points with a net positive change of 68.88 points, or 0.81 percent higher than previous close.
Published 03 Mar, 2011 12:00am
Index gains 90.73 points

Index gains 90.73 points

The KSE-100 index on Wednesday gained 90.73 points to close at 11,699.16 points on the back of fresh buying by both local and foreign investors. The market witnessed profit taking in early hours which forced the index into negative zone at 11,536.32 point
Published 03 Mar, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Mar, 2011 12:00am
Index gains 90.73 points

Index gains 90.73 points

The KSE-100 index on Wednesday gained 90.73 points to close at 11,699.16 points on the back of fresh buying by both local and foreign investors. The market witnessed profit taking in early hours which forced the index into negative zone at 11,536.32 point
Published 03 Mar, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Mar, 2011 12:00am
Index gains 90.73 points

Index gains 90.73 points

The KSE-100 index on Wednesday gained 90.73 points to close at 11,699.16 points on the back of fresh buying by both local and foreign investors. The market witnessed profit taking in early hours which forced the index into negative zone at 11,536.32 point
Published 03 Mar, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Mar, 2011 12:00am
IMF to continue talks as planned

IMF to continue talks as planned

The International Monetary Fund (IMF) has said that its Mission will continue discussions with the Government of Pakistan (GoP) under the fifth review, as planned, even if the latter withdraws the increase in the price of oil and products, sources close t
Published 03 Mar, 2011 12:00am
IMF to continue talks as planned

IMF to continue talks as planned

The International Monetary Fund (IMF) has said that its Mission will continue discussions with the Government of Pakistan (GoP) under the fifth review, as planned, even if the latter withdraws the increase in the price of oil and products, sources close t
Published 03 Mar, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Mar, 2011 12:00am
IMF to continue talks as planned

IMF to continue talks as planned

The International Monetary Fund (IMF) has said that its Mission will continue discussions with the Government of Pakistan (GoP) under the fifth review, as planned, even if the latter withdraws the increase in the price of oil and products, sources close t
Published 03 Mar, 2011 12:00am
All set to resume two percent monthly raise in power tariff

All set to resume two percent monthly raise in power tariff

The government is all set to resume 2 percent monthly increase in electricity tariff probably from next month to do away with subsidy in an effort to get the IMF Stand-Bay-Arrangement (SBA) restored, it is learnt. Sources in the finance ministry said the
Published 03 Mar, 2011 12:00am
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