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Print - 2011-05-10
MoF deprived WWF of Rs 87.434 billion, PAC informed

MoF deprived WWF of Rs 87.434 billion, PAC informed

The Ministry of Labour and Manpower Workers Welfare Fund's (WWF) officials informed the Public Accounts Committee (PAC) that the Finance Ministry has deprived the Fund of Rs 87.434 billion, allocated for development projects to bridge the budget deficit g
Published 10 May, 2011 12:00am
India Supreme Court suspends Babri Masjid ruling

India Supreme Court suspends Babri Masjid ruling

India's Supreme Court on Monday suspended a High Court ruling over the partition of a disputed site that has been a flashpoint for Hindu-Muslim clashes. A two-justice bench questioned the reasoning behind a ruling passed last year that divided the site of
Published 10 May, 2011 12:00am
India Supreme Court suspends Babri Masjid ruling

India Supreme Court suspends Babri Masjid ruling

India's Supreme Court on Monday suspended a High Court ruling over the partition of a disputed site that has been a flashpoint for Hindu-Muslim clashes. A two-justice bench questioned the reasoning behind a ruling passed last year that divided the site of
Published 10 May, 2011 12:00am
Indo-Pak talks on Wullar Barrage on May 11

Indo-Pak talks on Wullar Barrage on May 11

Pakistan and India are holding four-day Secretary level parleys on Wullar Barrage dispute beginning May 11 in Islamabad, official sources told Business Recorder. Indian team will be led by Water Resources Secretary, Dhruv Vijai Singh, while Javed I
Published 10 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
Indo-Pak talks on Wullar Barrage on May 11

Indo-Pak talks on Wullar Barrage on May 11

Pakistan and India are holding four-day Secretary level parleys on Wullar Barrage dispute beginning May 11 in Islamabad, official sources told Business Recorder. Indian team will be led by Water Resources Secretary, Dhruv Vijai Singh, while Javed I
Published 10 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
Indo-Pak talks on Wullar Barrage on May 11

Indo-Pak talks on Wullar Barrage on May 11

Pakistan and India are holding four-day Secretary level parleys on Wullar Barrage dispute beginning May 11 in Islamabad, official sources told Business Recorder. Indian team will be led by Water Resources Secretary, Dhruv Vijai Singh, while Javed I
Published 10 May, 2011 12:00am
Pakistani arrested

Pakistani arrested

A Pakistani, Muhammad Zafar, suspected of terrorism and other crimes was detained by Czech police under an international arrest warrant at the end of April, the Czech justice ministry told AFP Monday.
Published 10 May, 2011 12:00am
Pakistani arrested

Pakistani arrested

A Pakistani, Muhammad Zafar, suspected of terrorism and other crimes was detained by Czech police under an international arrest warrant at the end of April, the Czech justice ministry told AFP Monday.
Published 10 May, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 30th APRIL, 2011.

Published 10 May, 2011 12:00am
Rs 45.803 billion Ijara Sukuk sold

Rs 45.803 billion Ijara Sukuk sold

The State Bank of Pakistan on Monday sold 3-Year Government of Pakistan Ijara Sukuk worth Rs 45.803 billion against bids of Rs 51.253 billion. The SBP has issued the following statement: Tender for Sale of 3-Year Government of Pakistan Ijara Sukuk was inv
Published 10 May, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 30th APRIL, 2011.

Published 10 May, 2011 12:00am
Rs 45.803 billion Ijara Sukuk sold

Rs 45.803 billion Ijara Sukuk sold

The State Bank of Pakistan on Monday sold 3-Year Government of Pakistan Ijara Sukuk worth Rs 45.803 billion against bids of Rs 51.253 billion. The SBP has issued the following statement: Tender for Sale of 3-Year Government of Pakistan Ijara Sukuk was inv
Published 10 May, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
Rs 45.803 billion Ijara Sukuk sold

Rs 45.803 billion Ijara Sukuk sold

The State Bank of Pakistan on Monday sold 3-Year Government of Pakistan Ijara Sukuk worth Rs 45.803 billion against bids of Rs 51.253 billion. The SBP has issued the following statement: Tender for Sale of 3-Year Government of Pakistan Ijara Sukuk was inv
Published 10 May, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
Rs 45.803 billion Ijara Sukuk sold

Rs 45.803 billion Ijara Sukuk sold

The State Bank of Pakistan on Monday sold 3-Year Government of Pakistan Ijara Sukuk worth Rs 45.803 billion against bids of Rs 51.253 billion. The SBP has issued the following statement: Tender for Sale of 3-Year Government of Pakistan Ijara Sukuk was inv
Published 10 May, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
EU to revamp trade benefits for emerging countries

EU to revamp trade benefits for emerging countries

The European Union executive is set to prune back the number of countries to whom it gives preferential trade treatment, according to a draft law seen by Reuters on Monday. More than 60 countries including economic powerhouses such as Brazil, Argentina an
Published 10 May, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
EU to revamp trade benefits for emerging countries

EU to revamp trade benefits for emerging countries

The European Union executive is set to prune back the number of countries to whom it gives preferential trade treatment, according to a draft law seen by Reuters on Monday. More than 60 countries including economic powerhouses such as Brazil, Argentina an
Published 10 May, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
EU to revamp trade benefits for emerging countries

EU to revamp trade benefits for emerging countries

The European Union executive is set to prune back the number of countries to whom it gives preferential trade treatment, according to a draft law seen by Reuters on Monday. More than 60 countries including economic powerhouses such as Brazil, Argentina an
Published 10 May, 2011 12:00am
Ejaz Chaudhry new OGDC Chairman

Ejaz Chaudhry new OGDC Chairman

Secretary Ministry of Petroleum and Natural Resources, Muhammad Ejaz Chaudhry has been appointed as director and chairman of the board of Oil and Gas Development Authority (OGDC) with immediate effect. According to a communiqué sent to KSE here on Monday,
Published 10 May, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
Ejaz Chaudhry new OGDC Chairman

Ejaz Chaudhry new OGDC Chairman

Secretary Ministry of Petroleum and Natural Resources, Muhammad Ejaz Chaudhry has been appointed as director and chairman of the board of Oil and Gas Development Authority (OGDC) with immediate effect. According to a communiqué sent to KSE here on Monday,
Published 10 May, 2011 12:00am
Ejaz Chaudhry new OGDC Chairman

Ejaz Chaudhry new OGDC Chairman

Secretary Ministry of Petroleum and Natural Resources, Muhammad Ejaz Chaudhry has been appointed as director and chairman of the board of Oil and Gas Development Authority (OGDC) with immediate effect. According to a communiqué sent to KSE here on Monday,
Published 10 May, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
ADB may seek deletion of $692 million projects

ADB may seek deletion of $692 million projects

The Asian Development Bank (ADB) may press Pakistan to delete projects worth $692 million from active portfolio that were at risk due to slow implementation of projects. Well-placed sources told Business Recorder here on Monday that in the year 200
Published 10 May, 2011 12:00am
ADB may seek deletion of $692 million projects

ADB may seek deletion of $692 million projects

The Asian Development Bank (ADB) may press Pakistan to delete projects worth $692 million from active portfolio that were at risk due to slow implementation of projects. Well-placed sources told Business Recorder here on Monday that in the year 200
Published 10 May, 2011 12:00am
ADB may seek deletion of $692 million projects

ADB may seek deletion of $692 million projects

The Asian Development Bank (ADB) may press Pakistan to delete projects worth $692 million from active portfolio that were at risk due to slow implementation of projects. Well-placed sources told Business Recorder here on Monday that in the year 200
Published 10 May, 2011 12:00am
District officials ordered to submit assets declarations within 15 days

District officials ordered to submit assets declarations within 15 days

Chief Justice Lahore High Court, Justice Ejaz Ahmad Chaudhry ordered that all officials of each district to submit their declarations of assets within fortnight and observed that on discovery of any abnormal transaction the law will take its own course.
Published 10 May, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (May 09, 2011) and for Tuesday (May 10, 2011).
Published 10 May, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
Pakistan, US have same goal of combating terrorism: Munter

Pakistan, US have same goal of combating terrorism: Munter

US Ambassador to Pakistan, Cameron Munter said on Monday that Pakistan and the United States share identical goal and that is to have joint co-operation in combating terrorism. "My country is determined and committed to uprooting terrorism and Pakistan is
Published 10 May, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 10 May, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 10 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 09, 2011).

Published 10 May, 2011 12:00am
The Weather

The Weather

The weather report on Monday (May 09, 2011) and the forecast for Tuesday (May 10, 2011).

Published 10 May, 2011 12:00am
Workshop for female teachers

Workshop for female teachers

Pakistan Museum of Natural History (PMNH) Islamabad, as a part of its educational programmes, has arranged a two-day workshop titled "Training of Trainers to Conserve Nature" for female teachers to celebrate 2011 as National Women Year and International B
Published 10 May, 2011 12:00am
Parliamentary body clears Judicial Commission's recommendations

Parliamentary body clears Judicial Commission's recommendations

Parliamen-tary Committee on Judges' Appointment on Monday endorsed recommendations of the Judicial Commission regarding regularisation of 19 additional judges of Lahore and Balochistan High Courts, besides appointment of 14 new judges of these courts.
Published 10 May, 2011 12:00am
Abbottabad operation: Civil and military leadership under fire in Senate

Abbottabad operation: Civil and military leadership under fire in Senate

The civilian and military leadership of the country came under fire in Senate on Monday for their 'inability' to defend Pakistan's sovereignty and integrity, as Osama bin Laden's killing took place inside Pakistan in a unilateral US operation on May 2. Th
Published 10 May, 2011 12:00am
Nawaz brought Osama to Pakistan: Malik

Nawaz brought Osama to Pakistan: Malik

Interior Minister Rehman Malik on Monday urged all the political forces to join hands in strengthening the national institutions of the country to help them cope with the current challenges. Rehman Malik claimed that Pakistan Muslim League-Nawaz brought a
Published 10 May, 2011 12:00am
GIZ to work in Punjab, Khyber Pakhtunkhwa with NAVTEC

GIZ to work in Punjab, Khyber Pakhtunkhwa with NAVTEC

GIZ, a German Agency for international development is ready to work in Punjab and Khyber-Pakhtunkhwa (KPK) with NAVTEC as focal point. The Agency will be spending 17 millions Euros in this regard. The main components of their activity would be Governance
Published 10 May, 2011 12:00am
SHC orders release of MQM-H leaders on bail

SHC orders release of MQM-H leaders on bail

The Sindh High Court (SHC) on Monday revoked the life term of Muhajir Qaumi Movement-Haqiqi (MQM-H) leaders Afaq Ahmed and Amir Khan, and ordered their release on bail. A lower court had awarded life term to the MQM-H leaders in a murder case.
Published 10 May, 2011 12:00am
Power shortfall touches 3,000 megawatts

Power shortfall touches 3,000 megawatts

Constant load-shedding has put public life in misery with the rise in mercury across the country. Power shortfall during the last 24 hours reached 3,000MW with electricity generation static at 12,999MW against the rising demand of 15,994MW.
Published 10 May, 2011 12:00am
Munter meets Qaim

Munter meets Qaim

The Ambassador of USA, Cameron Munter, on Monday called on Chief Minister Sindh, Syed Qaim Ali Shah, at the CM. House here. An official statement said that he was accompanied by Consul General based at Karachi, William Martin, and others.
Published 10 May, 2011 12:00am
Recovery of Rs 780 million: TCP files suits against two sugar mills

Recovery of Rs 780 million: TCP files suits against two sugar mills

Trading Corporation of Pakistan (TCP) has filed suits against two sugar mills for recovery of some Rs 780 million after these mills failed to supply sugar as per the agreement. Sources told Business Recorder on Monday that TCP has decided to initia
Published 10 May, 2011 12:00am
Rs 156 billion revenue target set for May

Rs 156 billion revenue target set for May

The Federal Board of Revenue has fixed Rs 156 billion as tax collection target for May 2011 to meet the revised target of Rs 1,588 billion for 2011-12. Sources told Business Recorder here on Monday that the target of Rs 156 billion has been chalked
Published 10 May, 2011 12:00am
LHC serves notice to IG Punjab

LHC serves notice to IG Punjab

The Lahore High Court(LHC) here on Monday issued notice for May 26 to inspector general (IG) of Punjab police in a petition which complains that heirs of cops killed in GPO Chowk blast have not been given jobs in police department. The petitioner Muhammad
Published 10 May, 2011 12:00am
Contradiction

Contradiction

Apropos a Karachi Chamber of Commerce and Industry (KCCI) press release "Tax exemptions, zero rating: concerns voiced over secy finance's statement" carried by Business Recorder on Sunday, the spokesman for the Finance Ministry on Monday stated tha
Published 10 May, 2011 12:00am
Summer vacations in Sindh schools: no decision taken yet

Summer vacations in Sindh schools: no decision taken yet

No decision has been made as yet on summer vacations in schools in the province. This was stated by the spokesman of Sindh Chief Minister, here on Monday. In a statement here, he clarified news published in the press quoting Sindh Education Department. Th
Published 10 May, 2011 12:00am
Seminar on 'A tribute to the mother' held

Seminar on 'A tribute to the mother' held

Arooj-e-Mariam Catholic Church organised a seminar on "A tribute to the Mother" to mark international Mother's Day at Centre for Peace and Harmony, Faisalabad. Fr Nisar Barkat (Director National Commission for Justice and Peace), Fr Samual George, Chaudhr
Published 10 May, 2011 12:00am
Petroleum ministry files contempt case against Ogra

Petroleum ministry files contempt case against Ogra

The Ministry of Petroleum and Natural Resources has filed a contempt petition in Supreme Court against Oil and Gas Regulatory Authority (Ogra) for increasing gas price of Salsabil gas field despite advice of the ministry-as the case has not yet been decid
Published 10 May, 2011 12:00am
Uplift projects: 'government to provide funds to labour department'

Uplift projects: 'government to provide funds to labour department'

Provincial Minister for Labour, Haji Ehsaan-ud-Din Qureshi has said that government will provide required funds for the completion of ongoing development projects launched by the labour department, whereas new welfare schemes would also be initiated for p
Published 10 May, 2011 12:00am
Impartial probe into Abbottabad attack demanded

Impartial probe into Abbottabad attack demanded

Representatives of bars have demanded investigation in Abbottabad attack through some impartial commission and punishment for the responsible either he was president, prime minister or any officer of army.
Published 10 May, 2011 12:00am
JPMC doctors, staff observe two-hour token strike

JPMC doctors, staff observe two-hour token strike

Doctors, nurses and paramedics at Jinnah Post Graduate Medical Center (JPMC) on Monday resorted to a two hour token strike with no work at any of the hospitals' department. The turnout of the patients was also comparatively low as the Joint Action Committ
Published 10 May, 2011 12:00am
Three-day training workshop for fish farmers

Three-day training workshop for fish farmers

Fisheries Research and Training Institute, Punjab Fisheries Department is arranging a three-day training workshop on 'prosperity through fish farming' from May 16 to 18, 2011 for fish farmers. Participants of the workshop will be given latest and scientif
Published 10 May, 2011 12:00am
Promotion of cultural awareness: five Pakistanis invited to visit Brazil

Promotion of cultural awareness: five Pakistanis invited to visit Brazil

Brazilian Ministry of External Relations invited five Pakistanis to Brazil under a programme designed to foster cultural awareness about the country abroad. The group's visit comes within the framework of the cultural activities carried out by Embassy of
Published 10 May, 2011 12:00am
Liffe sugar and coffee higher

Liffe sugar and coffee higher

Liffe August white sugar closed $1.70 higher at $583.70 a tonne on Monday. Prices consolidating just above an 8-month low set late last week with ample supplies from Brazil and Thailand keeping the market on the defensive. Liffe July robusta coffee ended
Published 10 May, 2011 12:00am
German al Qaida member sentenced to prison term

German al Qaida member sentenced to prison term

A German-Syrian dual national who has admitted belonging to al Qaida has been convicted of membership in a terrorist group and given a prison sentence of four years and nine months. The Frankfurt state court also found Monday that Rami Makanesi trained at
Published 10 May, 2011 12:00am
British security minister steps down

British security minister steps down

British Security and Counter-Terrorism Minister Pauline Neville-Jones is stepping down from the government at her own request, Prime Minister David Cameron's office said on Monday. Neville-Jones announced her decision a few days after English local electi
Published 10 May, 2011 12:00am
Bosnia facing worst crisis in 15 years

Bosnia facing worst crisis in 15 years

Ethnically divided Bosnia is facing its most serious crisis since it was established as a state 15 years ago, its international envoy warned on Monday, accusing Serb officials of threatening its viability. Bosnia in the 1990s suffered Europe's worst confl
Published 10 May, 2011 12:00am
Russia marks Victory Day with vast parade

Russia marks Victory Day with vast parade

Tens of thousands of granite-faced soldiers marched in lockstep across Red Square Monday in Russia's annual Victory Day display of military might, while President Dmitry Medvedev said the country is committed to peace and global stability. The parade, mar
Published 10 May, 2011 12:00am
Berlusconi slams judges during 'false testimony' trial

Berlusconi slams judges during 'false testimony' trial

Italian Prime Minister Silvio Berlusconi slammed judges as "a cancer of democracy" Monday during his first appearance at a trial for bribery, one of three court cases he is currently facing. He was speaking during a break in the hearing where he is charge
Published 10 May, 2011 12:00am
Palestinians miss salaries for first time since 2007

Palestinians miss salaries for first time since 2007

The Palestinian Authority said on Monday it had not been able to pay public sector salaries for the first time since 2007 because of Israel's decision to halt the transfer of tax funds. Prime Minister Salam Fayyad said Israel's decision, taken in protest
Published 10 May, 2011 12:00am
Nepalese 82-year-old former minister dies on Everest

Nepalese 82-year-old former minister dies on Everest

An 82-year-old former Nepalese foreign minister has died in his attempt to become the oldest person to climb Mount Everest, a government official said Monday. Shailendra Kumar Upadhyaya died on Monday afternoon, hours after arriving at camp one in his rec
Published 10 May, 2011 12:00am
Top US law officer vows to close Guantanamo

Top US law officer vows to close Guantanamo

US Attorney General Eric Holder said on Monday the United States would close the Guantanamo Bay facility holding terrorism suspects in Cuba, despite missing a previous deadline to do so. On an official visit to Paris, Holder stressed what he called unprec
Published 10 May, 2011 12:00am
New York cotton closes mixed as focus turns to USDA data

New York cotton closes mixed as focus turns to USDA data

US cotton futures ended mixed on Monday as the market consolidated after last week's commodity sell-off and players adjusted positions before the release of a key government crop report, analysts said. The US Agriculture Department's monthly supply/demand
Published 10 May, 2011 12:00am
Malaysian palm oil rebounds

Malaysian palm oil rebounds

Malaysian palm oil futures rebounded on Monday in tandem with stronger commodity markets as solid US payrolls data showed global economy was on track for recovery although fundamentals for the tropical oil remain uncertain.
Published 10 May, 2011 12:00am
Gold rises in Europe

Gold rises in Europe

Gold climbed back above $1,500 an ounce on Monday and silver rallied more than 6 percent as a retreating dollar and rising concerns of eurozone debt helped the metals recover some ground after last week's hefty losses. Worries over the health of some smal
Published 10 May, 2011 12:00am
Gold extends gains in Asia

Gold extends gains in Asia

Gold extended gains on Monday on a weaker dollar, after suffering its worst weekly loss since 2009, while US silver futures rose nearly 3 percent as investors took advantage of last week's free fall in prices to enter the market.
Published 10 May, 2011 12:00am
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