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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-04-28
Gold hits Rs 40,842 per 10 grams

Gold hits Rs 40,842 per 10 grams

Gold prices on Wednesday touched a previous high level of Rs 40,842 per 10 grams on the local market, but silver prices posted a slight decline, of Rs 47 per 10 grams, traders said. Gold prices registered an increase of Rs 600 per tola to Rs 47,650 per to
Published 28 Apr, 2011 12:00am
NIT sets Kiosk at PAF Museum

NIT sets Kiosk at PAF Museum

A Kiosk of NIT was organised at PAF Museum by NIT, Nazimabad branch on Sunday to promote NIT funds and provide on counter sales and information services. According to a press release, a large number of museum visitors visited the Kiosk and showed their in
Published 28 Apr, 2011 12:00am
NIT sets Kiosk at PAF Museum

NIT sets Kiosk at PAF Museum

A Kiosk of NIT was organised at PAF Museum by NIT, Nazimabad branch on Sunday to promote NIT funds and provide on counter sales and information services. According to a press release, a large number of museum visitors visited the Kiosk and showed their in
Published 28 Apr, 2011 12:00am
SBP allows financing of vehicles' ancillary items

SBP allows financing of vehicles' ancillary items

The State Bank of Pakistan (SBP) has allowed banks and development finance institutions (DFIs) to extend loans for the cost of ancillary items of vehicles. With this approval now banks and DFIs can extend financing for CNG kits, vehicle tracking devices i
Published 28 Apr, 2011 12:00am
KESC losses reduced to Rs 5.416 billion in nine-month

KESC losses reduced to Rs 5.416 billion in nine-month

The net loss of Karachi Electric Supply Company (KESC) has reduced to Rs 5.416 billion in the nine-month period ended March 31, 2011 as compared to Rs 13.298 billion posted in the corresponding period last year. The board of directors of the company in it
Published 28 Apr, 2011 12:00am
Bangladesh HC visits HCCI

Bangladesh HC visits HCCI

High Commissioner of Bangladesh Suhrab Hossain visited Hyderabad Chamber of Commerce & Industry here on Wednesday. Addressing the business and industrial community, he said that he received warm welcome wherever he went in Pakistan and this was clear indi
Published 28 Apr, 2011 12:00am
Food, livestock exposition: TDAP chief visits Indonesian pavilion

Food, livestock exposition: TDAP chief visits Indonesian pavilion

The Consulate General of the Republic of Indonesia in Karachi had the privilege to join three-ay 5th Food Agri Livestock Asia Exhibition at Karachi Expo Centre to introduce Indonesian products and foods to the people of Karachi. Various Indonesian food it
Published 28 Apr, 2011 12:00am
Foreign secretary to visit China today

Foreign secretary to visit China today

Foreign Secretary Salman Bashir will visit China on April 28-29 for discussing regional and international issues with the Chinese Ministry of Foreign Affairs. The Foreign Secretary will hold consultations with the Chinese Executive Vice Foreign Minister Z
Published 28 Apr, 2011 12:00am
E-recruitment: a new way out for success

E-recruitment: a new way out for success

The rapid strides in IT have significantly changed the ways business is conducted and this growing tendency of using technology is noticeably demonstrated by the number of firms and peoples, who utilise the Internet and e-mails. The impact of technology o
Published 28 Apr, 2011 12:00am
Pak Suzuki posts Rs 91.425 million profit

Pak Suzuki posts Rs 91.425 million profit

Pak Suzuki Motor Company (PSMC) has posted Rs 91.425 million as net profit in three months' period ended on March 31, 2011 as compared to a net loss of Rs 17.609 million in the corresponding period in 2010. The Board of Directors of the company in its mee
Published 28 Apr, 2011 12:00am
Pak Suzuki posts Rs 91.425 million profit

Pak Suzuki posts Rs 91.425 million profit

Pak Suzuki Motor Company (PSMC) has posted Rs 91.425 million as net profit in three months' period ended on March 31, 2011 as compared to a net loss of Rs 17.609 million in the corresponding period in 2010. The Board of Directors of the company in its mee
Published 28 Apr, 2011 12:00am
PTCL earns net profit of Rs 4.972 billion

PTCL earns net profit of Rs 4.972 billion

Pakistan Telecommunication Company Limited (PTCL) on Wednesday has announced its financial results for 9 months ended March 31, 2011 and has earned net profit of Rs 4.972 billion with an earning per share of Rs 0.97 for the same period. During the period
Published 28 Apr, 2011 12:00am
PTCL earns net profit of Rs 4.972 billion

PTCL earns net profit of Rs 4.972 billion

Pakistan Telecommunication Company Limited (PTCL) on Wednesday has announced its financial results for 9 months ended March 31, 2011 and has earned net profit of Rs 4.972 billion with an earning per share of Rs 0.97 for the same period. During the period
Published 28 Apr, 2011 12:00am
ISL offers 27.506 million shares for general public

ISL offers 27.506 million shares for general public

After completion of book-building process, 27.506 million shares of International Steel Limited (ISL) have been offered to general public at a price of Rs 14.06 per share, including premium of Rs 4.06 per share, through initial public offering (IPO). This
Published 28 Apr, 2011 12:00am
15 percent rise in OGDC profit

15 percent rise in OGDC profit

The net profit of the Oil and Gas Development Company (OGDC) increased by 15 percent to Rs 49.185 billion in the nine-month period ended on March 31, 2011 as compared to Rs 42.609 billion earned in the corresponding period in 2010. The company's earning p
Published 28 Apr, 2011 12:00am
15 percent rise in OGDC profit

15 percent rise in OGDC profit

The net profit of the Oil and Gas Development Company (OGDC) increased by 15 percent to Rs 49.185 billion in the nine-month period ended on March 31, 2011 as compared to Rs 42.609 billion earned in the corresponding period in 2010. The company's earning p
Published 28 Apr, 2011 12:00am
Atlas Group pays off German investors for 56 million shares

Atlas Group pays off German investors for 56 million shares

The Atlas Group has paid off the German investors in now defunct Atlas Bank. It was reported to the Karachi Stock Exchange (KSE) that 56 million shares of Summit Bank exchanged hands at the rate of Rs 24 per share. At the formation of Atlas Bank, the Germ
Published 28 Apr, 2011 12:00am
Microsoft calls for stronger IP protection

Microsoft calls for stronger IP protection

Microsoft Corp joined the World Intellectual Property Organisation (WIPO) in recognising World Intellectual Property (IP) Day, an event that calls on the IT industry, governments and consumers to speak out about the importance of IP rights. Strong IP prot
Published 28 Apr, 2011 12:00am
Energy conservation: Pesco seeks consumers' cooperation

Energy conservation: Pesco seeks consumers' cooperation

Current energy crisis in the country has forced Peshawar Electricity Supply Company (Pesco) to carry out load shedding throughout Khyber Pakhtunkhwa, said a spokesman of the company here on Wednesday. The company, like other distribution companies, is car
Published 28 Apr, 2011 12:00am
Government firm to strengthen democratic institutions: Prime Minister

Government firm to strengthen democratic institutions: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Wednesday reiterated that his government was determined to strengthen democratic institutions in the country. Talking to a European Union's parliamentary delegation, which called on him at the PM House here, the P
Published 28 Apr, 2011 12:00am
Two children among eight killed in city

Two children among eight killed in city

At least eight persons including two children were killed in separate incidents in various parts of the city on Wednesday, police said. According to police, two workers of Pukhtun Students' Federation, Abid and Iqbal were killed and Ibrahim was injured wh
Published 28 Apr, 2011 12:00am
Zardari's concept of 'Charter of Economy' widely hailed

Zardari's concept of 'Charter of Economy' widely hailed

A number of chambers, trade bodies and federations have supported President Zardari's concept of 'Charter of Economy' which would be prepared by the business community in consultation with the political parties. Talking to Business Recorder here on
Published 28 Apr, 2011 12:00am
PIAF welcomes President Zardari economic vision

PIAF welcomes President Zardari economic vision

Pakistan Industrial and Traders Associations Front (PIAF) is going to prepare an "Economic Charter" to bring the country out of economic mire. The decision was taken in a meeting of PIAF Executive Committee on Wednesday.
Published 28 Apr, 2011 12:00am
'Only one-fourth of terrorists eliminated in Swat'

'Only one-fourth of terrorists eliminated in Swat'

Veteran politician and senior leader of Awami National Party (ANP) Mohammad Afzal Khan has said that only one fourth of the terrorists in turbulent district Swat have been eliminated while three-fourth of the elements have gone under ground.
Published 28 Apr, 2011 12:00am
SCCI rejects unannounced loadshedding

SCCI rejects unannounced loadshedding

Sarhad Chamber of Commerce and Industry (SCCI) has rejected unannounced massive power load shedding, saying that 16 to 18 hours long power load shedding has brought business activities into halt in the province. In a statement here on Wednesday, President
Published 28 Apr, 2011 12:00am
Atlas Group pays off German investors for 56 million shares

Atlas Group pays off German investors for 56 million shares

The Atlas Group has paid off the German investors in now defunct Atlas Bank. It was reported to the Karachi Stock Exchange (KSE) that 56 million shares of Summit Bank exchanged hands at the rate of Rs 24 per share. At the formation of Atlas Bank, the Germ
Published 28 Apr, 2011 12:00am
Thar coal projects only solution to power crisis: Motiwala

Thar coal projects only solution to power crisis: Motiwala

The country is passing through the worst power crisis which is expected to get worse with the rise in demand of electricity, and the only answer to overcome the growing shortfall is immediate and serious efforts to expedite Thar coal project. This was sta
Published 28 Apr, 2011 12:00am
Negative outlook on US credit rating

Negative outlook on US credit rating

The fact that the mighty US dollar has lost some of its lustre was finally recognised by Standard & Poor's regarded as one of the best credit rating agencies in the world. According to its announcement, it was cutting the credit rating of US debt from "st
Published 28 Apr, 2011 12:00am
Kandahar jailbreak

Kandahar jailbreak

Even the most savage of conflicts sometimes throw up their moments of comic relief. And so in wider wars when prisoners of war (POWs) stage spectacular escapades, they leave behind narratives to be told and retold, often as movies like the 'Great Escape'.
Published 28 Apr, 2011 12:00am
VIEWPOINT: Civil-military relations

VIEWPOINT: Civil-military relations

During the last few days, Leader of the Opposition in the National Assembly Chaudhry Nisar Ali Khan has raised important questions regarding the civil and military relations. Speaking during the question hour on Monday, he reiterated three points he had r
Published 28 Apr, 2011 12:00am
Does market failure support cause of corruption?

Does market failure support cause of corruption?

Corruption is a menace and an evil, which destroys the fabric of society. Everyday we hear discussions and brainstorming lectures on this topic. Governments enact prohibitory laws, and at times enhancing the term of sentence to deter people. Social norms
Published 28 Apr, 2011 12:00am
Timidly, Germany holds first census in quarter century

Timidly, Germany holds first census in quarter century

For the first time in a quarter of a century, Germany is counting its people, but cautiously, to avoid rousing long-standing fears of an invasion of privacy. Authorities are so concerned about the potential for a boycott that they have decided to only int
Published 28 Apr, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (April 27, 2011).

Published 28 Apr, 2011 12:00am
UN Council fails to agree statement to condemn Syria

UN Council fails to agree statement to condemn Syria

The 15-nation UN Security Council failed on Wednesday to agree a statement to condemn the killing of Syrian protesters, diplomats said. After talks ended in deadlock, western nations called for an immediate open meeting of the Security Council so that int
Published 28 Apr, 2011 12:00am
Blast damages Railway track, four bogies derailed

Blast damages Railway track, four bogies derailed

Four bogies of Bolan Express were derailed after an explosion which destroyed the track in Mamal area of Jaffarabad, officials said. According to reports, the explosion took place when the Bolan Express was approaching the area.
Published 28 Apr, 2011 12:00am
Kachhi tribal clash claims four lives

Kachhi tribal clash claims four lives

Four people were killed while two others sustained serious injuries in an armed clash between two groups of Abrro tribe here Wednesday. According to the local authorities, the clash erupted when armed men from one group attacked the members of the rival g
Published 28 Apr, 2011 12:00am
US permits oil deals with Libya opposition

US permits oil deals with Libya opposition

The United States voiced confidence in Libya's main opposition council on Tuesday as the US Treasury moved to permit oil deals with the group - a potential financial lifeline for the anti-Gaddafi uprising. US Ambassador to Libya Gene Cretz said deepening
Published 28 Apr, 2011 12:00am
LSE index gains 8.26 points

LSE index gains 8.26 points

Equities registered more gains on the Lahore Stock Exchange (LSE) amid ascending transaction volume on Wednesday. The LSE-25 index was further increased by 8.26 points and was closed at 3279.11 points against 3270.85 points of Tuesday, while trading turno
Published 28 Apr, 2011 12:00am
LSE index gains 8.26 points

LSE index gains 8.26 points

Equities registered more gains on the Lahore Stock Exchange (LSE) amid ascending transaction volume on Wednesday. The LSE-25 index was further increased by 8.26 points and was closed at 3279.11 points against 3270.85 points of Tuesday, while trading turno
Published 28 Apr, 2011 12:00am
Mixed trend witnessed at ISE

Mixed trend witnessed at ISE

Mixed trend was witnessed at the Islamabad Stock Exchange (ISE) where equities showed normal business under the lead of hot favourite amid increase in index. ISE Ten Index was up by 0.41 points, as the Index moved from 2,623.69 to 2,624.10 points. The ove
Published 28 Apr, 2011 12:00am
Mixed trend witnessed at ISE

Mixed trend witnessed at ISE

Mixed trend was witnessed at the Islamabad Stock Exchange (ISE) where equities showed normal business under the lead of hot favourite amid increase in index. ISE Ten Index was up by 0.41 points, as the Index moved from 2,623.69 to 2,624.10 points. The ove
Published 28 Apr, 2011 12:00am
July-March period: foreign investors repatriate $491 million

July-March period: foreign investors repatriate $491 million

Foreign investors repatriated $491 million aboard during July-March of FY11 on account of their profits and dividends. The repatriated amount, during nine months, is also some 6 percent higher than the same period of last year, despite slackness in the ec
Published 28 Apr, 2011 12:00am
July-March period: foreign investors repatriate $491 million

July-March period: foreign investors repatriate $491 million

Foreign investors repatriated $491 million aboard during July-March of FY11 on account of their profits and dividends. The repatriated amount, during nine months, is also some 6 percent higher than the same period of last year, despite slackness in the ec
Published 28 Apr, 2011 12:00am
July-March period: foreign investors repatriate $491 million

July-March period: foreign investors repatriate $491 million

Foreign investors repatriated $491 million aboard during July-March of FY11 on account of their profits and dividends. The repatriated amount, during nine months, is also some 6 percent higher than the same period of last year, despite slackness in the ec
Published 28 Apr, 2011 12:00am
ZAB reference: 11-member larger bench constituted

ZAB reference: 11-member larger bench constituted

Chief Justice Iftikhar Muhammad Chaudhry on Wednesday constituted an 11-member larger bench to hear presidential reference on Zulfiqar Ali Bhutto murder case, fixed for hearing on May 2.
Published 28 Apr, 2011 12:00am
ZAB reference: 11-member larger bench constituted

ZAB reference: 11-member larger bench constituted

Chief Justice Iftikhar Muhammad Chaudhry on Wednesday constituted an 11-member larger bench to hear presidential reference on Zulfiqar Ali Bhutto murder case, fixed for hearing on May 2.
Published 28 Apr, 2011 12:00am
ISI has full backing of government: Gilani

ISI has full backing of government: Gilani

Prime Minister Syed Yusuf Raza Gilani on Wednesday said intelligence agencies are subservient to the government and haven't done anything without backing of the government. Addressing a public gathering at Bhara Kahu after inaugurating an upgraded integra
Published 28 Apr, 2011 12:00am
ISI has full backing of government: Gilani

ISI has full backing of government: Gilani

Prime Minister Syed Yusuf Raza Gilani on Wednesday said intelligence agencies are subservient to the government and haven't done anything without backing of the government. Addressing a public gathering at Bhara Kahu after inaugurating an upgraded integra
Published 28 Apr, 2011 12:00am
230 ruling Baath party members resign in Syria

230 ruling Baath party members resign in Syria

Another 230 members of Syria's ruling Baath party announced their resignation on Wednesday in protest at the deadly crackdown on protesters, raising the number to 233, according to lists seen by AFP. The latest group to step down were members from the Hou
Published 28 Apr, 2011 12:00am
230 ruling Baath party members resign in Syria

230 ruling Baath party members resign in Syria

Another 230 members of Syria's ruling Baath party announced their resignation on Wednesday in protest at the deadly crackdown on protesters, raising the number to 233, according to lists seen by AFP. The latest group to step down were members from the Hou
Published 28 Apr, 2011 12:00am
Fatah, Hamas agree to form interim government, hold vote

Fatah, Hamas agree to form interim government, hold vote

Palestinian President Mahmoud Abbas's Fatah movement and its bitter rival, the Hamas, struck a deal on Wednesday to form an interim unity government and fix a date for general election, both sides said. The deal, which took many officials by surprise beca
Published 28 Apr, 2011 12:00am
Fatah, Hamas agree to form interim government, hold vote

Fatah, Hamas agree to form interim government, hold vote

Palestinian President Mahmoud Abbas's Fatah movement and its bitter rival, the Hamas, struck a deal on Wednesday to form an interim unity government and fix a date for general election, both sides said. The deal, which took many officials by surprise beca
Published 28 Apr, 2011 12:00am
Egypt gas pipeline to Israel, Jordan bombed

Egypt gas pipeline to Israel, Jordan bombed

Saboteurs bombed an Egyptian gas pipeline in the Sinai on Wednesday, sending flames shooting into the sky and cutting supplies to Israel and Jordan. It was the second attack since February and came two weeks after Egypt's new government decided to review
Published 28 Apr, 2011 12:00am
Egypt gas pipeline to Israel, Jordan bombed

Egypt gas pipeline to Israel, Jordan bombed

Saboteurs bombed an Egyptian gas pipeline in the Sinai on Wednesday, sending flames shooting into the sky and cutting supplies to Israel and Jordan. It was the second attack since February and came two weeks after Egypt's new government decided to review
Published 28 Apr, 2011 12:00am
Pakistani soldier martyred, three hurt by ANA firing

Pakistani soldier martyred, three hurt by ANA firing

A spokesman of ISPR has said that due to unprovoked firing by ANA troops on Wednesday at Angoor Adda in SWA, one Pakistani soldier embraced Shahadat and three were injured. Pakistani troops immediately responded with fire. ANA also targeted Angoor Adda ci
Published 28 Apr, 2011 12:00am
Pakistani soldier martyred, three hurt by ANA firing

Pakistani soldier martyred, three hurt by ANA firing

A spokesman of ISPR has said that due to unprovoked firing by ANA troops on Wednesday at Angoor Adda in SWA, one Pakistani soldier embraced Shahadat and three were injured. Pakistani troops immediately responded with fire. ANA also targeted Angoor Adda ci
Published 28 Apr, 2011 12:00am
OGDC board scraps $186 million tender for Uch-II

OGDC board scraps $186 million tender for Uch-II

The Oil and Gas Development Company (OGDC) Board of Directors (BoD) has scrapped the tender of $186 million Engineering, Procurement and Construction (EPC) contract for Uch-II development project, Business Recorder has learnt. Petrosin was the lowe
Published 28 Apr, 2011 12:00am
OGDC board scraps $186 million tender for Uch-II

OGDC board scraps $186 million tender for Uch-II

The Oil and Gas Development Company (OGDC) Board of Directors (BoD) has scrapped the tender of $186 million Engineering, Procurement and Construction (EPC) contract for Uch-II development project, Business Recorder has learnt. Petrosin was the lowe
Published 28 Apr, 2011 12:00am
OGDC board scraps $186 million tender for Uch-II

OGDC board scraps $186 million tender for Uch-II

The Oil and Gas Development Company (OGDC) Board of Directors (BoD) has scrapped the tender of $186 million Engineering, Procurement and Construction (EPC) contract for Uch-II development project, Business Recorder has learnt. Petrosin was the lowe
Published 28 Apr, 2011 12:00am
Petraeus to head CIA, Panetta to lead Defense

Petraeus to head CIA, Panetta to lead Defense

In a major shakeup of President Barack Obama's national security team, CIA director Leon Panetta will take over as the new defense secretary this summer, a US official told AFP Wednesday. As part of the overhaul, Obama also is expected to name General Dav
Published 28 Apr, 2011 12:00am
Petraeus to head CIA, Panetta to lead Defense

Petraeus to head CIA, Panetta to lead Defense

In a major shakeup of President Barack Obama's national security team, CIA director Leon Panetta will take over as the new defense secretary this summer, a US official told AFP Wednesday. As part of the overhaul, Obama also is expected to name General Dav
Published 28 Apr, 2011 12:00am
Former Dubai bank executives get 10-year prison terms

Former Dubai bank executives get 10-year prison terms

Two former Dubai Islamic Bank (DIB) executives and four businessmen were sentenced to 10 years each in prison by a Dubai court on Wednesday and fined 1.8 billion dirhams ($496.5 million), the amount they were accused of embezzling from the bank. The case
Published 28 Apr, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Apr, 2011 12:00am
Former Dubai bank executives get 10-year prison terms

Former Dubai bank executives get 10-year prison terms

Two former Dubai Islamic Bank (DIB) executives and four businessmen were sentenced to 10 years each in prison by a Dubai court on Wednesday and fined 1.8 billion dirhams ($496.5 million), the amount they were accused of embezzling from the bank. The case
Published 28 Apr, 2011 12:00am
J&J strikes $21 billion takeover deal for Synthes

J&J strikes $21 billion takeover deal for Synthes

US health care giant Johnson & Johnson announced on Wednesday an agreement on a $21.3 billion take-over of US-Swiss medical technology company Synthes in one of the biggest deals so far this year. The two companies "announced that they have entered into a
Published 28 Apr, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 28 Apr, 2011 12:00am
J&J strikes $21 billion takeover deal for Synthes

J&J strikes $21 billion takeover deal for Synthes

US health care giant Johnson & Johnson announced on Wednesday an agreement on a $21.3 billion take-over of US-Swiss medical technology company Synthes in one of the biggest deals so far this year. The two companies "announced that they have entered into a
Published 28 Apr, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Apr, 2011 12:00am
J&J strikes $21 billion takeover deal for Synthes

J&J strikes $21 billion takeover deal for Synthes

US health care giant Johnson & Johnson announced on Wednesday an agreement on a $21.3 billion take-over of US-Swiss medical technology company Synthes in one of the biggest deals so far this year. The two companies "announced that they have entered into a
Published 28 Apr, 2011 12:00am
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