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Print - 2011-03-09
Joint-sitting of Parliament: Presidential address likely on March 21

Joint-sitting of Parliament: Presidential address likely on March 21

President Asif Ali Zardari is likely to address the joint sitting of the Parliament on March 21, which will be his fourth address to the joint sitting of the incumbent Parliament. As the third parliamentary year is going to end on March 16, 2011, the Mini
Published 09 Mar, 2011 12:00am
CJ LHC condemns practice of 'watta satta'

CJ LHC condemns practice of 'watta satta'

Chief Justice Lahore High Court Ijaz Ahmed Chaudhry said that judges amongst women will be appointed soon in the LHC. Addressing a seminar organised on International Women Day Chief Justice said recently 223 civil judges were inducted in Punjab and out of
Published 09 Mar, 2011 12:00am
NGO launched to help disabled persons

NGO launched to help disabled persons

Two students of Aitcheson College on Tuesday launched an NGO "The Independent Living Foundation" with a motto "From Disability to Employment" in order to help disabled and less privileged class of society.
Published 09 Mar, 2011 12:00am
SECP takes action against seven companies

SECP takes action against seven companies

The Securities Markets Division of the Securities and Exchange Commission of Pakistan took action against seven non-compliant market participants in February. "Warning letters were issued to three brokerage houses of the Karachi Stock Exchange for indulgi
Published 09 Mar, 2011 12:00am
CNG station blast: Prime Minister expresses sorrow over loss of lives

CNG station blast: Prime Minister expresses sorrow over loss of lives

Prime Minister Syed Yousuf Raza Gilani on Tuesday expressed sorrow over the loss of lives in the blast at a CNG Station in Faisalabad on Tuesday morning. He expressed his sympathies with the families of deceased as well as those injured in this incident,
Published 09 Mar, 2011 12:00am
LHC seeks reply on JD Chief's petition

LHC seeks reply on JD Chief's petition

The Lahore High Court (LHC) here on Tuesday sought reply from the federal government in a petition of Jamatud Dawa Chief Hafiz Muhammad Saeed seeking directions for the government to defend him before an US court for being a citizen of Pakistan.
Published 09 Mar, 2011 12:00am
Hajj on government expenses: FIA issues notices to 448 Hajis

Hajj on government expenses: FIA issues notices to 448 Hajis

Federal Investigation Agency (FIA) has included 248 Hujjaj, who performed Hajj on government expenses in 2010, in the list of those involved in Hajj corruption scam and issued notices to them for recovery of the amount spent on them. The Agency is plannin
Published 09 Mar, 2011 12:00am
PSO receives Rs 20 billion from Wapda, Kapco

PSO receives Rs 20 billion from Wapda, Kapco

The cash-strapped Pakistan State Oil (PSO) received Rs 20 billion on Tuesday from Water and Power Development Authority (Wapda) and Kot Adu Power Company Limited (Kapco) on account of fuel supply. Spokesman of PSO confirmed that Wapda had provided Rs 15 b
Published 09 Mar, 2011 12:00am
US national held in Peshawar released on bail

US national held in Peshawar released on bail

A US citizen said to have been working for a private security company and detained after he outstayed his Pakistani visa, was released on bail Tuesday, jail officials said. "We have released US national Aaron Mark DeHaven after receiving the court orders,
Published 09 Mar, 2011 12:00am
Punjab government fixes wheat procurement target at 3.5 million tons

Punjab government fixes wheat procurement target at 3.5 million tons

The Punjab government has fixed wheat procurement target at 3.5 million tons for the current season and procurement drive will be launched in the month of April. This was stated by the Secretary Food Punjab, Irfan Elahi in a statement issued here on Tuesd
Published 09 Mar, 2011 12:00am
International Women's Day: points to ponder

International Women's Day: points to ponder

International Women's Day is an occasion marked by women's groups around the world. This date is also commemorated at the United Nations and is designated in many countries as a national holiday. It is a day when women from all over the world come togethe
Published 09 Mar, 2011 12:00am
'Importance of women in modern society'

'Importance of women in modern society'

Institute of Business and Technology-BIZTEK organised a seminar: why should women matter in Pakistan or elsewhere? The purpose of this seminar was to highlight the importance of women in the modern society epoch. Speaking on the occasion, Romana Hussain s
Published 09 Mar, 2011 12:00am
Pakistan, Tajikistan pledge to enhance bilateral cooperation

Pakistan, Tajikistan pledge to enhance bilateral cooperation

Pakistan and Tajikistan on Tuesday vowed to enhance cooperation in the fields of energy, trade, agriculture, health and communication while identifying peace in Afghanistan as seminal for regional stability. The decision of enhancing mutual cooperation wa
Published 09 Mar, 2011 12:00am
No employee of devolved ministries to be laid off

No employee of devolved ministries to be laid off

Implementation Commission of the parliament reiterated its commitment that no employee shall be laid off and that the employees of the devolved ministries in Islamabad will not be dislocated from their present station. This decision was taken in the 41st
Published 09 Mar, 2011 12:00am
Punjab cabinet meeting: drafts of 17 amendment bills approved

Punjab cabinet meeting: drafts of 17 amendment bills approved

The Punjab cabinet has approved drafts of 17 amendment bills regarding Punjab Government Rules of Business-2011 and running of the affairs of local government, information, culture and youth affairs, revenue, labour, health, law and social welfare departm
Published 09 Mar, 2011 12:00am
Raymond Davis trial put off till March 16

Raymond Davis trial put off till March 16

An additional district and sessions judge on Tuesday adjourned the murder trial of Raymond Davis till March 16. On Tuesday, the prosecution through the court provided documents requested by the defence counsel on the last hearing.
Published 09 Mar, 2011 12:00am
Farmers' facilitation centres established in Potohar region

Farmers' facilitation centres established in Potohar region

The Punjab Agriculture Department has established 'Farmers facilitation centers' in Potohar region as the wheat crop is reported to be attacked by pests' infestation (Rust/aphid) due to the prolonged wet spell and cloudy weather.
Published 09 Mar, 2011 12:00am
Pakistan and UK discuss security, other issues

Pakistan and UK discuss security, other issues

UK National Security Adviser Sir Peter Ricketts and Chief of Defence Staff General Sir David Richards on Tuesday discussed issues pertaining to regional security with special reference to Pak-Afghan border, tribal areas, war on terror and Raymond Davis ca
Published 09 Mar, 2011 12:00am
Minister not happy with pace of computerisation project progress

Minister not happy with pace of computerisation project progress

Minister for Industries and Production (MoI&P) Mir Hazar Khan Bijarani has reportedly expressed annoyance with the top management of Utility Stores Corporation (USC) for not finalising computerisation of warehouses and stores.
Published 09 Mar, 2011 12:00am
All rich landlords should be taxed: Business Recorder survey

All rich landlords should be taxed: Business Recorder survey

The clamour for taxing the income of the rich landlords is gathering momentum with not only multilaterals and bilaterals but also the people of this country, a survey carried out by Business Recorder revealed. Given the rising budget deficit attrib
Published 09 Mar, 2011 12:00am
All rich landlords should be taxed: Business Recorder survey

All rich landlords should be taxed: Business Recorder survey

The clamour for taxing the income of the rich landlords is gathering momentum with not only multilaterals and bilaterals but also the people of this country, a survey carried out by Business Recorder revealed. Given the rising budget deficit attrib
Published 09 Mar, 2011 12:00am
All rich landlords should be taxed: Business Recorder survey

All rich landlords should be taxed: Business Recorder survey

The clamour for taxing the income of the rich landlords is gathering momentum with not only multilaterals and bilaterals but also the people of this country, a survey carried out by Business Recorder revealed. Given the rising budget deficit attrib
Published 09 Mar, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (March 08, 2011) and the forecast for Wednesday (March 09, 2011).

Published 09 Mar, 2011 12:00am
PN Special Forces hold demonstration of professional skills, expertise

PN Special Forces hold demonstration of professional skills, expertise

Special Marine forces of Pakistan Navy organised a spectacular demonstration at Manora Beach in connection with the Aman 2011 multinational exercises here on Tuesday. The demonstration for preventing any sea terrorism, was part of a five-day special multi
Published 09 Mar, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 08, 2011).

Published 09 Mar, 2011 12:00am
PN Special Forces hold demonstration of professional skills, expertise

PN Special Forces hold demonstration of professional skills, expertise

Special Marine forces of Pakistan Navy organised a spectacular demonstration at Manora Beach in connection with the Aman 2011 multinational exercises here on Tuesday. The demonstration for preventing any sea terrorism, was part of a five-day special multi
Published 09 Mar, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 08, 2011).

Published 09 Mar, 2011 12:00am
Domestic debt reaches Rs 5.49 trillion mark

Domestic debt reaches Rs 5.49 trillion mark

The rising fiscal deficit has resulted in massive increase in borrowing from domestic sources, of which the country''s total stocks of domestic debt and liabilities reached an all-time high of Rs 5.49 trillion at end-December 2010.
Published 09 Mar, 2011 12:00am
Domestic debt reaches Rs 5.49 trillion mark

Domestic debt reaches Rs 5.49 trillion mark

The rising fiscal deficit has resulted in massive increase in borrowing from domestic sources, of which the country's total stocks of domestic debt and liabilities reached an all-time high of Rs 5.49 trillion at end-December 2010.
Published 09 Mar, 2011 12:00am
Domestic debt reaches Rs 5.49 trillion mark

Domestic debt reaches Rs 5.49 trillion mark

The rising fiscal deficit has resulted in massive increase in borrowing from domestic sources, of which the country's total stocks of domestic debt and liabilities reached an all-time high of Rs 5.49 trillion at end-December 2010.
Published 09 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 09 Mar, 2011 12:00am
Rajaratnam trial starts, judge questions jury pool

Rajaratnam trial starts, judge questions jury pool

The criminal trial of Galleon hedge fund founder Raj Rajaratnam, the central figure in the biggest US insider trading case in a generation, began on Tuesday with the judge questioning potential jurors about whether they could be impartial and fair.
Published 09 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 09 Mar, 2011 12:00am
Rajaratnam trial starts, judge questions jury pool

Rajaratnam trial starts, judge questions jury pool

The criminal trial of Galleon hedge fund founder Raj Rajaratnam, the central figure in the biggest US insider trading case in a generation, began on Tuesday with the judge questioning potential jurors about whether they could be impartial and fair.
Published 09 Mar, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 08, 2011).

Published 09 Mar, 2011 12:00am
Rajaratnam trial starts, judge questions jury pool

Rajaratnam trial starts, judge questions jury pool

The criminal trial of Galleon hedge fund founder Raj Rajaratnam, the central figure in the biggest US insider trading case in a generation, began on Tuesday with the judge questioning potential jurors about whether they could be impartial and fair.
Published 09 Mar, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 08, 2011).

Published 09 Mar, 2011 12:00am
International tender for LNG project on the cards?

International tender for LNG project on the cards?

After Law Division''s nod, the petroleum ministry has decided to re- tender for liquefied natural gas (LNG) project and the officials hint at issuance of an international tender for it shortly. "After going through all legal requirements, the Law Division
Published 09 Mar, 2011 12:00am
International tender for LNG project on the cards?

International tender for LNG project on the cards?

After Law Division's nod, the petroleum ministry has decided to re- tender for liquefied natural gas (LNG) project and the officials hint at issuance of an international tender for it shortly. "After going through all legal requirements, the Law Division
Published 09 Mar, 2011 12:00am
International tender for LNG project on the cards?

International tender for LNG project on the cards?

After Law Division's nod, the petroleum ministry has decided to re- tender for liquefied natural gas (LNG) project and the officials hint at issuance of an international tender for it shortly. "After going through all legal requirements, the Law Division
Published 09 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 08, 2011).

Published 09 Mar, 2011 12:00am
Cabinet may approve Companies (Amendment) Bill 2011 today

Cabinet may approve Companies (Amendment) Bill 2011 today

The Cabinet which is scheduled to meet on Wednesday (today) is likely to approve Companies (Amendment) Bill 2011. The Cabinet will review status of implementation of its decisions pertaining to sports, statistics, states & frontier regions and water & pow
Published 09 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 08, 2011).

Published 09 Mar, 2011 12:00am
Cabinet may approve Companies (Amendment) Bill 2011 today

Cabinet may approve Companies (Amendment) Bill 2011 today

The Cabinet which is scheduled to meet on Wednesday (today) is likely to approve Companies (Amendment) Bill 2011. The Cabinet will review status of implementation of its decisions pertaining to sports, statistics, states & frontier regions and water & pow
Published 09 Mar, 2011 12:00am
Cabinet may approve Companies (Amendment) Bill 2011 today

Cabinet may approve Companies (Amendment) Bill 2011 today

The Cabinet which is scheduled to meet on Wednesday (today) is likely to approve Companies (Amendment) Bill 2011. The Cabinet will review status of implementation of its decisions pertaining to sports, statistics, states & frontier regions and water & pow
Published 09 Mar, 2011 12:00am
Cabinet may approve Companies (Amendment) Bill 2011 today

Cabinet may approve Companies (Amendment) Bill 2011 today

The Cabinet which is scheduled to meet on Wednesday (today) is likely to approve Companies (Amendment) Bill 2011. The Cabinet will review status of implementation of its decisions pertaining to sports, statistics, states & frontier regions and water & pow
Published 09 Mar, 2011 12:00am
THE RUPEE: dollar dips sharply

THE RUPEE: dollar dips sharply

The rupee managed to recover sharply against dollar and euro on the currency market on Tuesday, experts said. The rupee gained 31 paisa for buying at 85.04 and picked up 32 paisa for selling at 85.08 due to easy supply of the US currency, they said.
Published 09 Mar, 2011 12:00am
Bear's domination continues on ISE

Bear's domination continues on ISE

Bears continued to stay on the driving seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers under the lead of trend-setters amid decrease in index. ISE Ten Index was down by 8.77 points as the ISE Ten Index moved from 2,839.53 to 2,8
Published 09 Mar, 2011 12:00am
THE RUPEE: dollar dips sharply

THE RUPEE: dollar dips sharply

The rupee managed to recover sharply against dollar and euro on the currency market on Tuesday, experts said. The rupee gained 31 paisa for buying at 85.04 and picked up 32 paisa for selling at 85.08 due to easy supply of the US currency, they said.
Published 09 Mar, 2011 12:00am
Bear's domination continues on ISE

Bear's domination continues on ISE

Bears continued to stay on the driving seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers under the lead of trend-setters amid decrease in index. ISE Ten Index was down by 8.77 points as the ISE Ten Index moved from 2,839.53 to 2,8
Published 09 Mar, 2011 12:00am
Dull trading sentiments on LSE

Dull trading sentiments on LSE

Dull trading sentiments prevailed on the Lahore Stock Exchange (LSE) on Tuesday and the equities amid volatile situation ended in negative zone on account of lacking interest on the part of investors. The LSE-25 index lost 11.20 points and was closed at 3
Published 09 Mar, 2011 12:00am
Dull trading sentiments on LSE

Dull trading sentiments on LSE

Dull trading sentiments prevailed on the Lahore Stock Exchange (LSE) on Tuesday and the equities amid volatile situation ended in negative zone on account of lacking interest on the part of investors. The LSE-25 index lost 11.20 points and was closed at 3
Published 09 Mar, 2011 12:00am
BRIndex30 ends at-38.75 points

BRIndex30 ends at-38.75 points

On Tuesday, BRIndex30 opened at 8,777.19 and remained red throughout the trading session. It touched an intraday high of 8,777.37 and an intraday Low of 8,685.70 and closed at 8,738.44 which was -38.75 points or -0.44 percent lower than previous close.
Published 09 Mar, 2011 12:00am
BRIndex30 ends at-38.75 points

BRIndex30 ends at-38.75 points

On Tuesday, BRIndex30 opened at 8,777.19 and remained red throughout the trading session. It touched an intraday high of 8,777.37 and an intraday Low of 8,685.70 and closed at 8,738.44 which was -38.75 points or -0.44 percent lower than previous close.
Published 09 Mar, 2011 12:00am
Market shows mixed trend

Market shows mixed trend

A mixed trend was witnessed at the Karachi share market on Tuesday with the KSE-100 index oscillating between 11,996.53 points intra-day high and 11,864.10 points intra-day low with extremely low volumes.
Published 09 Mar, 2011 12:00am
Market shows mixed trend

Market shows mixed trend

A mixed trend was witnessed at the Karachi share market on Tuesday with the KSE-100 index oscillating between 11,996.53 points intra-day high and 11,864.10 points intra-day low with extremely low volumes.
Published 09 Mar, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (March 08, 2011).

Published 09 Mar, 2011 12:00am
Market shows mixed trend

Market shows mixed trend

A mixed trend was witnessed at the Karachi share market on Tuesday with the KSE-100 index oscillating between 11,996.53 points intra-day high and 11,864.10 points intra-day low with extremely low volumes.
Published 09 Mar, 2011 12:00am
All MQM's reservations to be removed: Zardari assures Altaf

All MQM's reservations to be removed: Zardari assures Altaf

President Asif Ali Zardar on Tuesday night assured Muttahida Qaumi Movement (MQM) Chief Altaf Hussain to remove all the MQM's reservations. President Asif Ali Zaradri gave the assurance during a telephonic conversation with Altaf Hussain.
Published 09 Mar, 2011 12:00am
All MQM's reservations to be removed: Zardari assures Altaf

All MQM's reservations to be removed: Zardari assures Altaf

President Asif Ali Zardar on Tuesday night assured Muttahida Qaumi Movement (MQM) Chief Altaf Hussain to remove all the MQM's reservations. President Asif Ali Zaradri gave the assurance during a telephonic conversation with Altaf Hussain.
Published 09 Mar, 2011 12:00am
Exchangeable bond: PC told to carry out transaction

Exchangeable bond: PC told to carry out transaction

The Cabinet Committee on Privatisation (CCoP) which met here on Tuesday with Federal Minister for Privatisation, Senator Abdul Hafeez Shaikh in the chair directed the Privatisation Commission to actively carry out exchangeable bond transaction along with
Published 09 Mar, 2011 12:00am
Exchangeable bond: PC told to carry out transaction

Exchangeable bond: PC told to carry out transaction

The Cabinet Committee on Privatisation (CCoP) which met here on Tuesday with Federal Minister for Privatisation, Senator Abdul Hafeez Shaikh in the chair directed the Privatisation Commission to actively carry out exchangeable bond transaction along with
Published 09 Mar, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Mar, 2011 12:00am
Exchangeable bond: PC told to carry out transaction

Exchangeable bond: PC told to carry out transaction

The Cabinet Committee on Privatisation (CCoP) which met here on Tuesday with Federal Minister for Privatisation, Senator Abdul Hafeez Shaikh in the chair directed the Privatisation Commission to actively carry out exchangeable bond transaction along with
Published 09 Mar, 2011 12:00am
Exchangeable bond: PC told to carry out transaction

Exchangeable bond: PC told to carry out transaction

The Cabinet Committee on Privatisation (CCoP) which met here on Tuesday with Federal Minister for Privatisation, Senator Abdul Hafeez Shaikh in the chair directed the Privatisation Commission to actively carry out exchangeable bond transaction along with
Published 09 Mar, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Mar, 2011 12:00am
Heavy Electrical Complex: ECC approves financial restructuring

Heavy Electrical Complex: ECC approves financial restructuring

Economic Co-ordination Committee of the Cabinet which met here on Tuesday with Federal Minister for Finance, Dr Abdul Hafeez Shaikh in the chair, approved financial restructuring of Heavy Electrical Complex and extension/issuance of GoP guarantee for PIAC
Published 09 Mar, 2011 12:00am
Heavy Electrical Complex: ECC approves financial restructuring

Heavy Electrical Complex: ECC approves financial restructuring

Economic Co-ordination Committee of the Cabinet which met here on Tuesday with Federal Minister for Finance, Dr Abdul Hafeez Shaikh in the chair, approved financial restructuring of Heavy Electrical Complex and extension/issuance of GoP guarantee for PIAC
Published 09 Mar, 2011 12:00am
Heavy Electrical Complex: ECC approves financial restructuring

Heavy Electrical Complex: ECC approves financial restructuring

Economic Co-ordination Committee of the Cabinet which met here on Tuesday with Federal Minister for Finance, Dr Abdul Hafeez Shaikh in the chair, approved financial restructuring of Heavy Electrical Complex and extension/issuance of GoP guarantee for PIAC
Published 09 Mar, 2011 12:00am
PaCCS extended till March 31

PaCCS extended till March 31

The Pakistan Automated Customs Computerised System (PaCCS) shut down which had caused a furor in the market has again been extended till March 31 on the request of Chairman, Federal Board of Revenue (FBR). Agility, the owner of PaCCS had pulled out its st
Published 09 Mar, 2011 12:00am
PaCCS extended till March 31

PaCCS extended till March 31

The Pakistan Automated Customs Computerised System (PaCCS) shut down which had caused a furor in the market has again been extended till March 31 on the request of Chairman, Federal Board of Revenue (FBR). Agility, the owner of PaCCS had pulled out its st
Published 09 Mar, 2011 12:00am