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Print - 2011-04-28
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
'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
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
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
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
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
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
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
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
Hoti approves establishment of Wasa for Peshawar

Hoti approves establishment of Wasa for Peshawar

Chief Minister Khyber Pakhtunkhwa Ameer Haidar Khan Hoti has approved in principle the establishment of an autonomous authority for clean drinking water, sewerage and sanitation in provincial capital, Peshawar. The chief minister has directed the concerne
Published 28 Apr, 2011 12:00am
PUMUN team wins Outstanding Diplomacy Awards at MUIMUN

PUMUN team wins Outstanding Diplomacy Awards at MUIMUN

Punjab University Model United Nations (PUMUN) team has won six Outstanding Diplomacy Awards at the Muenster University Model United Nations (MUIMUN) 2011 at Muenster, Germany and Finnish Model United Nations (FinMUN) 2011 at Helsinki, Finland. PU 9-membe
Published 28 Apr, 2011 12:00am
Korean delegation calls on Punjab chief minister

Korean delegation calls on Punjab chief minister

A Korean delegation associated with transport sector called on the Chief Minister Punjab Muhammad Shahbaz Sharif here on Wednesday. Co-operation with regard to transport sector was discussed during the meeting. Members Provincial Assembly Hafiz Mian Nauma
Published 28 Apr, 2011 12:00am
Industrialists strongly protest against three-day gas loadshedding

Industrialists strongly protest against three-day gas loadshedding

Gas supply to 600 industrial units has been suspended for three days here from Wednesday morning by Sui Northern Gas Pipelines (SNGPL) till April 30. Industrialists here have strongly protested against the three days' long gas load shedding schedule and a
Published 28 Apr, 2011 12:00am
Power looms industry: Aptma offers to cut its power share

Power looms industry: Aptma offers to cut its power share

All Pakistan Textile Mills Association (Aptma) has offered to cut its share of electricity for the power looms industry. According to the spinning industry sources, it was highlighted in a meeting held at the Pepco office with DG Pepco in the chair that t
Published 28 Apr, 2011 12:00am
Islamabad Police arrest 55 outlaws

Islamabad Police arrest 55 outlaws

Islamabad Police have arrested 20 proclaimed offenders, 13 car thieves and 22 drug pushers during the last week in special crackdown against anti-social elements and recovered stolen cars and cache of drugs from their possession, said Senior Superintenden
Published 28 Apr, 2011 12:00am
Ogra chief being replaced

Ogra chief being replaced

Government may relieve Chairman Oil and Gas Regulatory Authority (Ogra) Tauqeer Sadiq by appointing former Secretary Petroleum Mahmood Saleem Mahmood as new chief, Business Recorder has learnt. "Three names for the post of Chairman Ogra are being p
Published 28 Apr, 2011 12:00am
UK HC meets 'UK Friendship Group' in Parliament of Pakistan

UK HC meets 'UK Friendship Group' in Parliament of Pakistan

Adam Thomson, High Commissioner of the United Kingdom in Pakistan on Wednesday called on the 'UK Friendship Group' in Parliament of Pakistan and discussed covered areas across range of issues of mutual interest including enhanced development assistance to
Published 28 Apr, 2011 12:00am
US officials discuss economic issues with Pakistani businessmen

US officials discuss economic issues with Pakistani businessmen

A wide range of issues, including free market access to Pakistan by the US, provision of civil nuclear technology to overcome ongoing electricity shortage, early establishment of Reconstruction Opportunity Zones (ROZs), increased US investment in Pakistan
Published 28 Apr, 2011 12:00am
Petition moved to restrain DG NAB from duties

Petition moved to restrain DG NAB from duties

An application has been moved in the Lahore High Court for restraining DG NAB Rana Zahid Mahmood from performing his functions as his contract has expired. Petitioner Shah Faisal Qureshi through his counsel Muhammad Azhar Siddique Advocate filed CM in his
Published 28 Apr, 2011 12:00am
Japanese investors offered incentives

Japanese investors offered incentives

Sindh Minister for Industries and Commerce Rauf Siddiqui said Japanese businessmen and industrialists should invest in Pakistan, especially in Sindh and the government would give them incentives and adequate security. He was talking to a Japanese delegati
Published 28 Apr, 2011 12:00am
Orr, Dignam & Company gets Asia-Pacific Award

Orr, Dignam & Company gets Asia-Pacific Award

Orr, Dignam and Co, a leading firm of lawyers, was awarded the prestigious Chambers Asia-Pacific Award 2011 for Pakistan, held in Hong Kong on Thursday, April 21, 2011. The Chambers Asia-Pacific Awards are held in association with Lex Mundi, World's leadi
Published 28 Apr, 2011 12:00am
Chairman BoI meets Khyber Pakhtunkhwa chemical team

Chairman BoI meets Khyber Pakhtunkhwa chemical team

Saleem H. Mandviwalla, Chairman, Board of Investment (BoI), met a high delegation of KP Chemical headed by Soo Young Huh CEO of KP Chemical Korea, a subsidiary of Lotte group has visited BoI here on Wednesday. The delegation is visiting Islamabad from Apr
Published 28 Apr, 2011 12:00am
Direction sought to set aside NAB ordinance 1999

Direction sought to set aside NAB ordinance 1999

An application has been filed before the Lahore High Court seeking direction to set aside NAB ordinance 1999 and all orders, either judicial or administrative, passed under it as it was issued by unconstitutional former president Pervez Musharraf.Muhammad
Published 28 Apr, 2011 12:00am
PML-N says 'No' to national government proposal

PML-N says 'No' to national government proposal

Pakistan Muslim League-Nawaz has ruled out any possibility of joining the proposed national government for which both PPP and PML-Q are trying. Mohammad Pervaiz Malik of PML-N told Business Recorder here on Wednesday that the PML-N has also been ap
Published 28 Apr, 2011 12:00am
Transfers and postings

Transfers and postings

Chief Justice Lahore High Court here on Wednesday made transfer and posting among 18 District & Sessions judges (D&SJs).
Published 28 Apr, 2011 12:00am
Senate summoned

Senate summoned

The 70th session of the Senate has been summoned on May 2 (Monday) at 4:00 pm. According to a notification issued here on Wednesday, the President summoned the Senate to meet in the Parliament House, Islamabad in exercise of powers conferred on him by Cla
Published 28 Apr, 2011 12:00am
AWAM urges government to provide relief to disabled persons

AWAM urges government to provide relief to disabled persons

Association of Women for Awareness and Motivation (AWAM) organised a consultative meeting on the theme "Registration process for persons with disabilities: Hurdles and required measures" held at a local hotel in Faisalabad. This consultation was attended
Published 28 Apr, 2011 12:00am
'Annual Concert of Heritage 2011' on April 29

'Annual Concert of Heritage 2011' on April 29

The Government College University Lahore Nazir Ahmed Music Society (GCU NAMS) is going to hold the "Annual Concert of Heritage 2011" tomorrow evening (Friday) at the historical Bokhari Auditorium. Ravians and GCU faculty members would perform at the conce
Published 28 Apr, 2011 12:00am
Turkish firms keen to work on Wapda projects

Turkish firms keen to work on Wapda projects

A 7-member delegation of the renowned Turkish companies, headed by ENKA Chairman Sinan Tara, visited Wapda House and held a meeting with Wapda Chairman Shakil Durrani and Members of the Authority to discuss matters related to the mutual co-operation in wa
Published 28 Apr, 2011 12:00am
Swedish Ambassador lauds BISP initiatives

Swedish Ambassador lauds BISP initiatives

Swedish Ambassador to Pakistan, Ulrika Sundberg, has lauded the efforts of Benazir Income Support Programme (BISP) with regard to poverty eradication and said that a delegation of Swedish International Development Co-operation Agency (SIDA) would visit BI
Published 28 Apr, 2011 12:00am
Experts rule out Arab-like uprising in Pakistan

Experts rule out Arab-like uprising in Pakistan

Experts and analysts don't see Arab-like uprising in Pakistan because of the existing parliamentary system and entirely different history than the Arab world, irrespective of the fact that we have had time and again corrupt and unrepresentative rulers.
Published 28 Apr, 2011 12:00am
CID arrests four alleged target killers

CID arrests four alleged target killers

CID police on Wednesday arrested 4 alleged target killers from various parts of the city. According to its announcement here, the CID police arrested accused Bakht Chandio after a raid on a house in Mauripur Police jurisdiction in the western part of the
Published 28 Apr, 2011 12:00am
Pepco adds 2,000 megawatts power to national grid

Pepco adds 2,000 megawatts power to national grid

Pakistan Electric Power Company (Pepco) has added 2,000MW additional electricity to its national grid system by taking special measures in a couple of days to ease alarming load shedding in the country.
Published 28 Apr, 2011 12:00am
Kazmi's judicial remand extended till May 5

Kazmi's judicial remand extended till May 5

The judicial remand of former Federal Minister for Religious Affairs Hamid Saeed Kazmi was extended till May 5 for eight days by the civil judge here on Wednesday in Hajj corruption case. Civil Judge Rai Liqat Kharral resumed hearing of the case and direc
Published 28 Apr, 2011 12:00am
Passco plans to export 0.5 million tons of wheat

Passco plans to export 0.5 million tons of wheat

The Pakistan Agriculture Storage Corporation (Passco) has planned to export 0.5 million tons of wheat during 2011-12 from its held stock, and approval has been accorded by the government in this regard. Passco Managing Director Major General Sohail Shafqa
Published 28 Apr, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (April 27, 2011) and the forecast for Thursday (April 28, 2011).

Published 28 Apr, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 27, 2011).

Published 28 Apr, 2011 12:00am
Joining coalition: no decision taken yet, says Shujaat

Joining coalition: no decision taken yet, says Shujaat

Pakistan Muslim League-Quaid Chief Chaudhry Shujaat Hussain while terming the rumours as baseless, on Wednesday said his party has yet to take a decision about joining the coalition government. Talking to media following meeting with a delegation of Mutta
Published 28 Apr, 2011 12:00am
PC opens hotel in Muzaffarabad

PC opens hotel in Muzaffarabad

The Pearl Continental (PC) has opened its hotel in Muzaffarabad at a cost of Rs 1.5 billion, which is an effort to promote tourism in Azad Jummu and Kashmir (AJK). Rolf R. Bauer, Director of Operations of Hashoo Group of Hotels, Irshad B. Anjum, RVPO/GM P
Published 28 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 28 Apr, 2011 12:00am
Punjab government considering to revive labour inspection law

Punjab government considering to revive labour inspection law

Punjab government is considering to revive labour inspection law in order to protect the rights of labourers at large. Director Labour Welfare Punjab Humayun Mazhar Sheikh told Business Recorder that the Punjab Cabinet is set to consider a summary
Published 28 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 28 Apr, 2011 12:00am
ZTBL officials thrash journalists

ZTBL officials thrash journalists

Officials of Zarai Taraqiati Bank Limited (ZTBL) and Islamabad Police have thrashed journalists to bar them from coverage of a raid conducted by Revenue Department's team to recover over Rs 85 million.
Published 28 Apr, 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 (April 27, 2011).

Published 28 Apr, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 27, 2011).

Published 28 Apr, 2011 12:00am
Number of QECs rises to 84

Number of QECs rises to 84

The number of Quality Enhancement Cells (QECs) established in universities by the Higher Education Commission (HEC) has risen to 84 from the initial 10 QECs established in 2005. Improvement in quality of education and research has been the top priority of
Published 28 Apr, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (April 27, 2011) and for Thursday (April 28, 2011).
Published 28 Apr, 2011 12:00am
CEO KP Chemicals calls on President Zardari

CEO KP Chemicals calls on President Zardari

Huh Soo Young, President and Chief Executive Officer of KP Chemical Corporation, a petrochemicals company and a subsidiary of South Korean conglomerate LOTTE, called on President Asif Ali Zardari at the Aiwan-e-Sadr on Wednesday.
Published 28 Apr, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 27, 2011).

Published 28 Apr, 2011 12:00am
China Eximbank to lend $1.7 billion for train system

China Eximbank to lend $1.7 billion for train system

The Export-Import Bank of China will loan Pakistan $1.7 billion to develop a city-wide train system in Lahore, a senior Pakistani government official said on Wednesday. The 15-year loan will be disbursed in the next five years, and negotiations with Eximb
Published 28 Apr, 2011 12:00am
Condolence

Condolence

Chief Minister Punjab Muhammad Shahbaz Sharif here on Wednesday has expressed deep sense of sorrow and grief over the death of mother of Mian Aamir Mehmood, Chief Executive Dunya TV. Chief Minister also went to the residence of prominent journalist Khawaj
Published 28 Apr, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (April 27, 2011).

Published 28 Apr, 2011 12:00am
40 government departments owe Rs 6.653 billion to Lesco

40 government departments owe Rs 6.653 billion to Lesco

The cash starved 40 government departments owe Rs 6.653 billion as outstanding electricity bills to Lahore Electricity Supply Co(Lesco) till March 2011, Lesco spokesman told Business Recorder here on Wednesday. He said Lesco is issuing notices to t
Published 28 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 27, 2011).

Published 28 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 27, 2011).

Published 28 Apr, 2011 12:00am
Speaker AJK Assembly, Ali Zulqarnian joins PPP

Speaker AJK Assembly, Ali Zulqarnian joins PPP

Speaker Legislative Assembly of Azad Jammu and Kashmir Chaudhry Anwar-ul-Haq and son of AJK President Ali Zulqarnian on Wednesday formally announced to join Pakistan People Party (PPP). Addressing a press conference at Zardari House, they said they are jo
Published 28 Apr, 2011 12:00am
Police seize truck loaded with weapons in Rawalpindi

Police seize truck loaded with weapons in Rawalpindi

Police have seized a truck loaded with weapons in Rawalpindi on Wednesday. According to the initial report, a police party of Airport Police Station intercepted a suspicious truck to inspect it on a road, news channel reported. While checking, the truck w
Published 28 Apr, 2011 12:00am
Prime Minister inaugurates integrated health centre

Prime Minister inaugurates integrated health centre

Prime Minister Syed Yousuf Raza Gilani on Wednesday inaugurated an Integrated Health Centre at Bhara Kahu to provide best possible medical facilities to the rural population. The Prime Minister also announced Rs 10 million for the centre, which has been u
Published 28 Apr, 2011 12:00am
THE RUPEE: dollar lower

THE RUPEE: dollar lower

The rupee managed to recover modestly against dollar on the interbank market on smooth supply of the US currency, money expert said. The rupee recovered 13 paisa in relation to dollar for buying and selling at 84.50 and 84.55, they said.
Published 28 Apr, 2011 12:00am
Gilani asks opposition to discuss national issue

Gilani asks opposition to discuss national issue

Reaffirming an earlier commitment to work hand in hand with the opposition to steer the country out of crises, Prime Minister Yusuf Raza Gilani on Wednesday invited PML-N to share the collective responsibility while skilfully deflecting the queries which
Published 28 Apr, 2011 12:00am
THE RUPEE: dollar lower

THE RUPEE: dollar lower

The rupee managed to recover modestly against dollar on the interbank market on smooth supply of the US currency, money expert said. The rupee recovered 13 paisa in relation to dollar for buying and selling at 84.50 and 84.55, they said.
Published 28 Apr, 2011 12:00am
Bilawal to take up some political responsibility in September: President

Bilawal to take up some political responsibility in September: President

President Asif Ali Zardari while addressing Party Parliamentarians and office bearers from Gujranwala division here at the Aiwan-e-Sadr on Wednesday night announced that Chairman PPP Bilawal Bhutto Zardari would take up some political responsibility in Se
Published 28 Apr, 2011 12:00am
Mother of Mian Aamer laid to rest

Mother of Mian Aamer laid to rest

Mother of Mian Aamer Mahmood Chairman Punjab Group of Colleges and Dunya TV passed away yesterday after brief illness. Her funeral was held after Magrib prayers at Jamia Masjid, Block-E Model Town Lahore. A large number of people belonging to all walks of
Published 28 Apr, 2011 12:00am
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