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Print - 2011-03-19
SU Mirpurkhas Campus: philanthropists urged to extend help

SU Mirpurkhas Campus: philanthropists urged to extend help

The Vice Chancellor University of Sindh, Professor Dr Nazir A. Mughal has urged upon the philanthropists of Mirpurkhas Region to come forward for helping in the development of the varsity's campus and donate scholarships for poor and needy students of the
Published 19 Mar, 2011 12:00am
Shifting Omer Sheikh: to Sukkur: SHC issues show-cause notice to DAG

Shifting Omer Sheikh: to Sukkur: SHC issues show-cause notice to DAG

Sindh High Court Friday issued a show cause notice to Deputy Attorney General, as under what authority lifer Ahmed Omer Sheikh, convicted in US journalist Daniel Pearl's murder case, was shifted from Karachi to Sukkur prison without seeking court's permis
Published 19 Mar, 2011 12:00am
Digital mapping of all districts in Punjab on the cards

Digital mapping of all districts in Punjab on the cards

Secretary Local Government and Community Development Punjab, Khizar Hayat Gondal has said digital mapping of all districts of Punjab would be carried out to strengthen the infrastructure of urban and rural areas, besides identifying the residential and co
Published 19 Mar, 2011 12:00am
Four killed in road accident

Four killed in road accident

Four persons including two women died and several were injured in a collision between a carry van and a truck on Thatta to Sujawal road on Thursday night about 11pm. The deceased included Munir Mohammad, Husna and Mst Baghi. The dead and injured were shif
Published 19 Mar, 2011 12:00am
123,997 cusecs of water released from reservoirs

123,997 cusecs of water released from reservoirs

The Indus River System Authority (Irsa) on Friday released 123,997 cusecs water from various rim stations with inflow of 90,236 cusecs. According to the data released by Irsa here, the maximum water level in River Indus at Tarbela was 1405.1 feet, which w
Published 19 Mar, 2011 12:00am
'Pakistan doesn't want Afghanistan to become a theatre of proxy wars'

'Pakistan doesn't want Afghanistan to become a theatre of proxy wars'

Pakistan has called for complete Afghan ownership in security, governance and development, including the disbursal of international aid, in an effort to facilitate long-term peace, stability and progress in the troubled country. "We do not want Afghanista
Published 19 Mar, 2011 12:00am
Bhutanese Prime Minister arrives on three-day visit

Bhutanese Prime Minister arrives on three-day visit

Prime Minister of the Kingdom of Bhutan Lyonchhen Jigmi Y. Thinley arrived here on Friday night on a three-day visit to hold talks with Pakistani leaders to further bolster bilateral ties between the two countries. The Bhutanese Prime Minister was warmly
Published 19 Mar, 2011 12:00am
CNICs' issuance in NA-52: notices to EC, interior secretary issued

CNICs' issuance in NA-52: notices to EC, interior secretary issued

Islamabad High Court on Friday issued notices to the secretaries of interior and Election Commission, Chairman National Database and Registration Authority (Nadra), owner of Bahria Town Malik Riaz and sought their response by March 28.
Published 19 Mar, 2011 12:00am
Two persons arrested for Rs 29 million tax evasion

Two persons arrested for Rs 29 million tax evasion

The Directorate General Intelligence & Investigation (I&I)-FBR arrested two persons for evasion of duty/taxes worth millions of rupees, says a press release issued here on Friday.
Published 19 Mar, 2011 12:00am
Policy of reconciliation, consultation to continue: Prime Minister

Policy of reconciliation, consultation to continue: Prime Minister

Prime Minister Syed Yousuf Raza Gilani said on Friday that despite financial constraints, the government was making concerted efforts to provide relief to the people through effective economic measures. He stressed upon the need of better co-ordination am
Published 19 Mar, 2011 12:00am
Plan to expedite cornea donation campaign

Plan to expedite cornea donation campaign

Pakistan Eye Bank Society plans to expedite its Eye Donation Campaign in the country so as to reduce its dependence on foreign donors. Sources associated with the organisation told newsmen on Friday that the eye donation movement was progressing in the co
Published 19 Mar, 2011 12:00am
22 Indian fishermen arrested

22 Indian fishermen arrested

At least 22 Indian fishermen were taken into custody for violation of Pakistan's territorial waters on Friday. The authorities have also confiscated six fishing boats of Indian fishermen. According to the Maritime Security Agency (MSA), these Indian fishe
Published 19 Mar, 2011 12:00am
WHT raised to 2.75 percent on import of pulses

WHT raised to 2.75 percent on import of pulses

Pakistan Customs has increased withholding tax upto 2.75 percent on import of pulses after the promulgation of the new ordinances. Importers told Business Recorder on Friday that with the announcement of the new presidential ordinances, customs hav
Published 19 Mar, 2011 12:00am
The Weather

The Weather

The weather report on Friday (March 18, 2011) and the forecast for Saturday (March 19, 2011).

Published 19 Mar, 2011 12:00am
WHT raised to 2.75 percent on import of pulses

WHT raised to 2.75 percent on import of pulses

Pakistan Customs has increased withholding tax upto 2.75 percent on import of pulses after the promulgation of the new ordinances. Importers told Business Recorder on Friday that with the announcement of the new presidential ordinances, customs hav
Published 19 Mar, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 18, 2011).

Published 19 Mar, 2011 12:00am
WHT raised to 2.75 percent on import of pulses

WHT raised to 2.75 percent on import of pulses

Pakistan Customs has increased withholding tax upto 2.75 percent on import of pulses after the promulgation of the new ordinances. Importers told Business Recorder on Friday that with the announcement of the new presidential ordinances, customs hav
Published 19 Mar, 2011 12:00am
Promotions in army

Promotions in army

As many as 110 Lieutenant Colonels and Colonels have been promoted to the ranks of Colonel and Brigadier, respectively, a private TV channel reported. According to the channel, Pakistan Army Promotion Board meeting held under the chair of Chief of Army St
Published 19 Mar, 2011 12:00am
Promotions in army

Promotions in army

As many as 110 Lieutenant Colonels and Colonels have been promoted to the ranks of Colonel and Brigadier, respectively, a private TV channel reported. According to the channel, Pakistan Army Promotion Board meeting held under the chair of Chief of Army St
Published 19 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 19 Mar, 2011 12:00am
PAF, Chinese Air Force undertake joint air exercise

PAF, Chinese Air Force undertake joint air exercise

Pakistan Air Force and Chinese Air Force (PLAAF) are undertaking a joint Air Exercise these days in Pakistan codenamed "Shaheen-1". For this purpose, a contingent of Chinese PLA Air Force comprising combat aircraft, pilots and technicians arrived at an op
Published 19 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 19 Mar, 2011 12:00am
PAF, Chinese Air Force undertake joint air exercise

PAF, Chinese Air Force undertake joint air exercise

Pakistan Air Force and Chinese Air Force (PLAAF) are undertaking a joint Air Exercise these days in Pakistan codenamed "Shaheen-1". For this purpose, a contingent of Chinese PLA Air Force comprising combat aircraft, pilots and technicians arrived at an op
Published 19 Mar, 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 March 15, 2011.

Published 19 Mar, 2011 12:00am
Shortfall in direct taxes: four factors identified

Shortfall in direct taxes: four factors identified

The Federal Board of Revenue has identified four major reasons of revenue shortfall in direct taxes during FY11 - unsatisfactory creation of current demand, low performance of withholding tax regime, slow progress in arrears recovery and stuck up amount i
Published 19 Mar, 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 March 15, 2011.

Published 19 Mar, 2011 12:00am
Shortfall in direct taxes: four factors identified

Shortfall in direct taxes: four factors identified

The Federal Board of Revenue has identified four major reasons of revenue shortfall in direct taxes during FY11 - unsatisfactory creation of current demand, low performance of withholding tax regime, slow progress in arrears recovery and stuck up amount i
Published 19 Mar, 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 March 15, 2011.

Published 19 Mar, 2011 12:00am
Shortfall in direct taxes: four factors identified

Shortfall in direct taxes: four factors identified

The Federal Board of Revenue has identified four major reasons of revenue shortfall in direct taxes during FY11 - unsatisfactory creation of current demand, low performance of withholding tax regime, slow progress in arrears recovery and stuck up amount i
Published 19 Mar, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 18, 2011).

Published 19 Mar, 2011 12:00am
Ogra notifies wellhead gas prices

Ogra notifies wellhead gas prices

Oil and Gas Regulatory Authority (Ogra) has notified wellhead gas prices for Oil and Gas Development Authority Ltd (OGDCL) operated fields for a period from January to July 2011. According to an information, price for Loti gas field is Rs 118.66 per MMBTU
Published 19 Mar, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (March 18, 2011) and for Saturday (March 19, 2011).
Published 19 Mar, 2011 12:00am
Ogra notifies wellhead gas prices

Ogra notifies wellhead gas prices

Oil and Gas Regulatory Authority (Ogra) has notified wellhead gas prices for Oil and Gas Development Authority Ltd (OGDCL) operated fields for a period from January to July 2011. According to an information, price for Loti gas field is Rs 118.66 per MMBTU
Published 19 Mar, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 18, 2011).

Published 19 Mar, 2011 12:00am
Ogra notifies wellhead gas prices

Ogra notifies wellhead gas prices

Oil and Gas Regulatory Authority (Ogra) has notified wellhead gas prices for Oil and Gas Development Authority Ltd (OGDCL) operated fields for a period from January to July 2011. According to an information, price for Loti gas field is Rs 118.66 per MMBTU
Published 19 Mar, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (March 18, 2011).

Published 19 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 18, 2011).

Published 19 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 18, 2011).

Published 19 Mar, 2011 12:00am
US SEC sued over Galleon case

US SEC sued over Galleon case

A former Goldman Sachs Group Inc director accused of leaking confidential boardroom information has sued US regulators, saying they are trying to unfairly deprive him of a jury trial. Rajat Gupta is fighting civil charges that he tipped one-time hedge fun
Published 19 Mar, 2011 12:00am
US SEC sued over Galleon case

US SEC sued over Galleon case

A former Goldman Sachs Group Inc director accused of leaking confidential boardroom information has sued US regulators, saying they are trying to unfairly deprive him of a jury trial. Rajat Gupta is fighting civil charges that he tipped one-time hedge fun
Published 19 Mar, 2011 12:00am
US SEC sued over Galleon case

US SEC sued over Galleon case

A former Goldman Sachs Group Inc director accused of leaking confidential boardroom information has sued US regulators, saying they are trying to unfairly deprive him of a jury trial. Rajat Gupta is fighting civil charges that he tipped one-time hedge fun
Published 19 Mar, 2011 12:00am
THE RUPEE: dollar down modestly

THE RUPEE: dollar down modestly

Firmness prevailed on the currency market on Friday as the rupee showed modest recovery against dollar in process of trading, dealers said. The rupee managed to gain six paisa against dollar for buying at 58.34 and rose by five paisa for selling at 85.38,
Published 19 Mar, 2011 12:00am
Cable operators announce strike

Cable operators announce strike

Cable Operators Association has announced a 24-hour strike on Saturday, adding that all cable channels will remain shut and only official TV will be aired, a private TV channel reported. Cable operators' association chairman, Khalid Arain made this statem
Published 19 Mar, 2011 12:00am
THE RUPEE: dollar down modestly

THE RUPEE: dollar down modestly

Firmness prevailed on the currency market on Friday as the rupee showed modest recovery against dollar in process of trading, dealers said. The rupee managed to gain six paisa against dollar for buying at 58.34 and rose by five paisa for selling at 85.38,
Published 19 Mar, 2011 12:00am
Cable operators announce strike

Cable operators announce strike

Cable Operators Association has announced a 24-hour strike on Saturday, adding that all cable channels will remain shut and only official TV will be aired, a private TV channel reported. Cable operators' association chairman, Khalid Arain made this statem
Published 19 Mar, 2011 12:00am
New taxation measures: FBR chief declines comments

New taxation measures: FBR chief declines comments

Chairman of the Federal Board of Revenue (FBR), Salman Siddiqui, refused to comment on Presidential Ordinances through which several taxes were imposed on various sectors of economy which may result in increased prices of all the items.
Published 19 Mar, 2011 12:00am
New taxation measures: FBR chief declines comments

New taxation measures: FBR chief declines comments

Chairman of the Federal Board of Revenue (FBR), Salman Siddiqui, refused to comment on Presidential Ordinances through which several taxes were imposed on various sectors of economy which may result in increased prices of all the items.
Published 19 Mar, 2011 12:00am
New taxation measures: FBR chief declines comments

New taxation measures: FBR chief declines comments

Chairman of the Federal Board of Revenue (FBR), Salman Siddiqui, refused to comment on Presidential Ordinances through which several taxes were imposed on various sectors of economy which may result in increased prices of all the items.
Published 19 Mar, 2011 12:00am
Respect rule of law in al Qaeda 'war': US official

Respect rule of law in al Qaeda 'war': US official

As the United States pursues its nearly decade-old war against a weakened al Qaeda, it must protect Muslim Americans from being scapegoated, a senior White House official said Friday. "Nearly 10 years after the September 11 terrorist attacks the United St
Published 19 Mar, 2011 12:00am
Respect rule of law in al Qaeda 'war': US official

Respect rule of law in al Qaeda 'war': US official

As the United States pursues its nearly decade-old war against a weakened al Qaeda, it must protect Muslim Americans from being scapegoated, a senior White House official said Friday. "Nearly 10 years after the September 11 terrorist attacks the United St
Published 19 Mar, 2011 12:00am
Samsung unit fined $32 million for price-fixing

Samsung unit fined $32 million for price-fixing

A unit of Korean conglomerate Samsung was fined $32 million dollars for involvement in an Asian price fixing ring for a key computer monitor component, the US Justice Department said Friday. Samsung SDI agreed to plead guilty to one felony charge in the c
Published 19 Mar, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 18, 2011).

Published 19 Mar, 2011 12:00am
Samsung unit fined $32 million for price-fixing

Samsung unit fined $32 million for price-fixing

A unit of Korean conglomerate Samsung was fined $32 million dollars for involvement in an Asian price fixing ring for a key computer monitor component, the US Justice Department said Friday. Samsung SDI agreed to plead guilty to one felony charge in the c
Published 19 Mar, 2011 12:00am
Samsung unit fined $32 million for price-fixing

Samsung unit fined $32 million for price-fixing

A unit of Korean conglomerate Samsung was fined $32 million dollars for involvement in an Asian price fixing ring for a key computer monitor component, the US Justice Department said Friday. Samsung SDI agreed to plead guilty to one felony charge in the c
Published 19 Mar, 2011 12:00am
Supreme Court reserves verdict in Railway''s land lease scam case

Supreme Court reserves verdict in Railway''s land lease scam case

The Supreme Court on Friday reserved the verdict on controversial land leasing deal pertaining to 141 acres of Pakistan Railways land worth Rs 25-billion, involving three retired generals of Musharraf era. A two-member bench headed by Chief Justice Iftikh
Published 19 Mar, 2011 12:00am
Supreme Court reserves verdict in Railway's land lease scam case

Supreme Court reserves verdict in Railway's land lease scam case

The Supreme Court on Friday reserved the verdict on controversial land leasing deal pertaining to 141 acres of Pakistan Railways land worth Rs 25-billion, involving three retired generals of Musharraf era. A two-member bench headed by Chief Justice Iftikh
Published 19 Mar, 2011 12:00am
Supreme Court reserves verdict in Railway's land lease scam case

Supreme Court reserves verdict in Railway's land lease scam case

The Supreme Court on Friday reserved the verdict on controversial land leasing deal pertaining to 141 acres of Pakistan Railways land worth Rs 25-billion, involving three retired generals of Musharraf era. A two-member bench headed by Chief Justice Iftikh
Published 19 Mar, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Mar, 2011 12:00am
Rioting halts construction at 2 Brazil Amazon dams

Rioting halts construction at 2 Brazil Amazon dams

Rioting halted construction at two major Brazilian hydroelectric dams in the Amazon, delaying key projects in President Dilma Rousseff's ambitious infrastructure plan. The work stoppage, sparked by a wave of violence that began at the Jirau dam on Wednesd
Published 19 Mar, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 19 Mar, 2011 12:00am
Russia to spend $700 billion on new weapons

Russia to spend $700 billion on new weapons

President Dmitry Medvedev says Russia will spend the equivalent of $700 billion by 2020 to modernise the military's ageing arsenals, but sternly warned arms industries from jacking up prices. Medvedev said Friday the new plan would re-equip the armed forc
Published 19 Mar, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Mar, 2011 12:00am
Russia to spend $700 billion on new weapons

Russia to spend $700 billion on new weapons

President Dmitry Medvedev says Russia will spend the equivalent of $700 billion by 2020 to modernise the military's ageing arsenals, but sternly warned arms industries from jacking up prices. Medvedev said Friday the new plan would re-equip the armed forc
Published 19 Mar, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Mar, 2011 12:00am
Services of three FBR officials terminated

Services of three FBR officials terminated

The Federal Board of Revenue (FBR), on the directives of Prime Minister, Syed Yusuf Raza Gilani has terminated contract appointment of three officers.
Published 19 Mar, 2011 12:00am
Services of three FBR officials terminated

Services of three FBR officials terminated

The Federal Board of Revenue (FBR), on the directives of Prime Minister, Syed Yusuf Raza Gilani has terminated contract appointment of three officers.
Published 19 Mar, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Mar, 2011 12:00am
Services of three FBR officials terminated

Services of three FBR officials terminated

The Federal Board of Revenue (FBR), on the directives of Prime Minister, Syed Yusuf Raza Gilani has terminated contract appointment of three officers.
Published 19 Mar, 2011 12:00am
Three Pakistanis among six kidnapped in Afghanistan

Three Pakistanis among six kidnapped in Afghanistan

A team of three Pakistanis and three Afghans who were working on a road building project in northern Afghanistan have been kidnapped, a local official said on Friday. The five construction engineers and their Afghan driver were abducted as they travelled
Published 19 Mar, 2011 12:00am
Three Pakistanis among six kidnapped in Afghanistan

Three Pakistanis among six kidnapped in Afghanistan

A team of three Pakistanis and three Afghans who were working on a road building project in northern Afghanistan have been kidnapped, a local official said on Friday. The five construction engineers and their Afghan driver were abducted as they travelled
Published 19 Mar, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 82.90 points, as the Index moved from 2755.95 to 2673.05 points.
Published 19 Mar, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 82.90 points, as the Index moved from 2755.95 to 2673.05 points.
Published 19 Mar, 2011 12:00am
Bearish sentiments dominate on LSE

Bearish sentiments dominate on LSE

Bearish sentiments dominated on the Lahore Stock Exchange (LSE) and the equities registered declines across the board on account of selling pressure in blue chips companies ahead of weekend. The LSE-25 index lost 60.71 points and was ended at 3534.79 poin
Published 19 Mar, 2011 12:00am
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