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Print - 2011-06-02
ANP announces strike against loadshedding on June 03

ANP announces strike against loadshedding on June 03

Awami National Party (ANP), Sindh, has announced to observe a peaceful strike against electricity loadshedding in Karachi on June 3. This was announced by President ANP Sindh, Shahi Syed in a statement issued by ANP Sindh here on Wednesday. Shahi Syed has
Published 02 Jun, 2011 12:00am
KESC stops salaries of 4,500 workers
RECORDER REPORT

KESC stops salaries of 4,500 workers RECORDER REPORT

Karachi Electric Supply Company (KESC) has stopped the salaries of the protesting 4500 workers for the month of April learnt Business Recorder on Wednesday. It has also been learnt that KESC releases salaries to workers on every 20th of the month.
Published 02 Jun, 2011 12:00am
Bond Advertising wins PAS award

Bond Advertising wins PAS award

Seema Jaffer, CEO and Siraj Siddiqui, Executive Director, Bond Advertising, receiving the Pakistan Advertisers Society (PAS) Award from Tariq Ikram and Anwar Rammal, for the Bank AL Habib Special Saver Certificate Ad Campaign.
Published 02 Jun, 2011 12:00am
Bond Advertising wins PAS award

Bond Advertising wins PAS award

Seema Jaffer, CEO and Siraj Siddiqui, Executive Director, Bond Advertising, receiving the Pakistan Advertisers Society (PAS) Award from Tariq Ikram and Anwar Rammal, for the Bank AL Habib Special Saver Certificate Ad Campaign.
Published 02 Jun, 2011 12:00am
Shares trading of newly listed ISL begins at KSE

Shares trading of newly listed ISL begins at KSE

The trading in the shares of newly listed International Steel Limited (ISL) started at Karachi Stock Exchange (KSE) on Wednesday. This was the first listing of any company at KSE after a long gap of 12 months. The trading session today at KSE started with
Published 02 Jun, 2011 12:00am
Shares trading of newly listed ISL begins at KSE

Shares trading of newly listed ISL begins at KSE

The trading in the shares of newly listed International Steel Limited (ISL) started at Karachi Stock Exchange (KSE) on Wednesday. This was the first listing of any company at KSE after a long gap of 12 months. The trading session today at KSE started with
Published 02 Jun, 2011 12:00am
Iesco power suspension notice

Iesco power suspension notice

According to Iesco spokesman, due to electricity maintenance/development work the Power supply of the areas fall under the following feeders would remain suspended as under:
Published 02 Jun, 2011 12:00am
20 Kashmiris martyred in May

20 Kashmiris martyred in May

In Indian occupied Kashmir, troops in their continued acts of state terrorism, martyred 20 innocent Kashmiris including four women during the last month of May.
Published 02 Jun, 2011 12:00am
Three women among seven dead in Upper Dir

Three women among seven dead in Upper Dir

As many as seven persons including three women were killed and four others injured during a shootout between two rival groups over land dispute at Dobanda area in Upper Dir district, police said on Wednesday. The encounter started when after a dispute ove
Published 02 Jun, 2011 12:00am
Farzana condemns murder of PPP office-bearer

Farzana condemns murder of PPP office-bearer

Chairperson Benazir Income Support Programme (BISP), Farzana Raja has strongly condemned the heinous murder of the office-bearer of Pakistan Peoples Party (PPP) UC 7, Ismail Nagar, Kot Lakhpat, Lahore, allegedly by some employees of Pakistan Post.
Published 02 Jun, 2011 12:00am
Journalists condemn murder

Journalists condemn murder

The journalists community of Khyber Paktunkhwa has deplored the brutal killing of an Islamabad-based senior journalist Saleem Shahzad and demanded of the government to expose faces behind his murder.
Published 02 Jun, 2011 12:00am
PFUJ announces two-day mourning

PFUJ announces two-day mourning

The Pakistan Federal Union of Journalists (PFUJ) has announced country wide demonstration on June 3 and rallies to protest against burial killing of Syed Saleem Shahzad Bureau Chief who worked for an Italian news agency and a Hong Kong-registered website,
Published 02 Jun, 2011 12:00am
Saleem Shahzad laid to rest

Saleem Shahzad laid to rest

A senior journalist and author, Syed Saleem Shahzad, 40, was laid to rest on Wednesday in Karachi's DHA graveyard amid tears and deep sobs.
Published 02 Jun, 2011 12:00am
US condemns murder

US condemns murder

The United States embassy on Wednesday strongly condemned the abduction and murder of reporter Syed Saleem Shahzad. In a condolence message, the embassy extended condolences to the family of Saleem Shahzad. The embassy said, "This atrocity is an affront a
Published 02 Jun, 2011 12:00am
UK lawyers, AI condemn killing

UK lawyers, AI condemn killing

The UK-based Association of Pakistani Lawyers (APL) has condemned the killing of journalist Saleem Shehzad and called upon the authorities to leave no stone unturned in tracking down his murderers.
Published 02 Jun, 2011 12:00am
Andrew Mitchell, Yaseen Anwar visit easypaisa outlet

Andrew Mitchell, Yaseen Anwar visit easypaisa outlet

Visiting Secretary of State for International Development for United Kingdom, Andrew Mitchell along with Deputy Governor State Bank Yaseen Anwar visited Tameer Microfinance Bank Limited and Telenor Pakistan's easypaisa outlet in Karachi on Wednesday. They
Published 02 Jun, 2011 12:00am
Another voice silenced

Another voice silenced

Tuesday, May 31st, 2011, was yet another black day for journalism and free speech in Pakistan. Syed Saleem Shahzad, bureau chief of Asia Times online and a fine investigative reporter, paid the highest cost for his unwavering commitment to his profession
Published 02 Jun, 2011 12:00am
Dollar hits fresh three-week high

Dollar hits fresh three-week high

The euro rose to a three-week peak against the dollar on Wednesday, boosted by hopes for an agreement on Greek austerity steps and progress toward an aid package for the debt-hobbled nation, but the currency has approached chart resistance that may cap it
Published 02 Jun, 2011 12:00am
Dollar hovers near four-week high in London

Dollar hovers near four-week high in London

The euro hit a four-week high at one point on Wednesday, supported by hopes for a fresh aid deal for Greece, but concerns that any deal would only be a temporary fix kept the currency's gains in check.
Published 02 Jun, 2011 12:00am
Aussie jumps, New Zealand dollar pauses

Aussie jumps, New Zealand dollar pauses

The Australian dollar staged a relief rally on Wednesday after data showed the economy did not contract by as much as some had feared, while the kiwi took a breather following a series of post-float highs.
Published 02 Jun, 2011 12:00am
Won, Singapore dollar lead gains

Won, Singapore dollar lead gains

The South Korean won and the Singapore dollar led gains in their Asian peers on Wednesday as some investors resumed chasng riskier assets amid hopes for an aid package for Greece.
Published 02 Jun, 2011 12:00am
Swiss franc steadies

Swiss franc steadies

The Swiss franc treaded water against the euro and the dollar on Wednesday as investors await the outcome of the Greek aid package as well as Swiss economic data for more clues about when Switzerland may start to hike rates.
Published 02 Jun, 2011 12:00am
Indian rupee surges

Indian rupee surges

The Indian rupee surged on Wednesday in anticipation of large dollar inflows due to a planned take-over of Indian outsourcing company Intelenet by Britain's Serco , but the local unit pulled back from a near three-week high on a volatile euro.
Published 02 Jun, 2011 12:00am
Yuan slightly up

Yuan slightly up

The yuan ended up slightly against the dollar on Wednesday after the People's Bank of China set a new peak for the mid-point, for the fifth successive day, but dealers expect it to pull back soon. Spot yuan finished at 6.4780 versus the dollar after hitti
Published 02 Jun, 2011 12:00am
Sterling suffers broadly

Sterling suffers broadly

Sterling dived against the dollar and euro on Wednesday after UK manufacturing data came in much weaker than expected, bolstering the view a struggling economy will keep UK interest rates at record lows until next year. The Markit/CIPS manufacturing PMI h
Published 02 Jun, 2011 12:00am
Mubarak, sons to be tried on August 3

Mubarak, sons to be tried on August 3

Ousted Egyptian president Hosni Mubarak and his two sons, Alaa and Gamal, are to face trial on August 3 on charges of ordering the killing of protesters and fraud, a judicial source told AFP Wednesday. The trio will be tried by the North Cairo criminal co
Published 02 Jun, 2011 12:00am
Four Afghan, two Nato troops killed

Four Afghan, two Nato troops killed

Two Nato soldiers were killed in insurgent attacks in eastern Afghanistan, while two Afghan police officers and nine suspected insurgents died in blasts elsewhere in the country, officials said Wednesday. The Nato soldiers were killed in two separate insu
Published 02 Jun, 2011 12:00am
Mladic to face tribunal on Friday

Mladic to face tribunal on Friday

Former Bosnian Serb military commander Ratko Mladic used his power to commit atrocities that tore a nation apart and destroyed communities, and he must be held to account, a UN war crimes prosecutor said on Wednesday.
Published 02 Jun, 2011 12:00am
Bahrain lifts emergency law, military trials press on

Bahrain lifts emergency law, military trials press on

Bahrain lifted martial law on Wednesday in what the government hopes will be a sign to tourists and business of a return to normal, but the opposition fears repression will continue in the Gulf island kingdom.
Published 02 Jun, 2011 12:00am
Libya oil chief deserts Qadhafi, Nato extends campaign

Libya oil chief deserts Qadhafi, Nato extends campaign

Libya's top oil official became the latest leading figure to desert Muammar Qadhafi on Wednesday, complaining of "unbearable" violence and adding political momentum to a revolt against the leader's long rule.
Published 02 Jun, 2011 12:00am
Secret note on Iran ship scandal spooks Israelis

Secret note on Iran ship scandal spooks Israelis

A secret note passed in parliament to halt a televised oversight committee meeting has stoked a scandal in Israel over a major shipping firm accused by Washington of doing illicit business with Iran.
Published 02 Jun, 2011 12:00am
Sri Lanka union protester dies, police chief steps down

Sri Lanka union protester dies, police chief steps down

Sri Lanka's police chief stepped down on Wednesday and investigators arrested two police officers for firing on workers during a union protest that turned violent and sparked President Mahinda Rajapaksa's first big labour problem.
Published 02 Jun, 2011 12:00am
Turkish Prime Minister pledges more investment for Kurds

Turkish Prime Minister pledges more investment for Kurds

Turkey's prime minister Wednesday pledged more investment for the country's restive Kurds but stopped short of any commitment sought by Kurdish leaders for a political solution to bloody conflict. Some 5,000 police, among them snipers positioned on roofto
Published 02 Jun, 2011 12:00am
Journalist killers go free in some countries: CPJ

Journalist killers go free in some countries: CPJ

Unsolved cases of murdered journalists continued to climb in the past decade as some governments failed in their determination to bring the perpetrators to justice, the Committee to Protect Journalists said Wednesday.
Published 02 Jun, 2011 12:00am
Israelis hold controversial march in east Jerusalem

Israelis hold controversial march in east Jerusalem

More than 25,000 Jewish Israelis joined a Jerusalem Day parade in the city's mainly Arab eastern sector on Wednesday to celebrate its capture 44 years ago, during the Six Day War.
Published 02 Jun, 2011 12:00am
Explosions, street fighting grip Sanaa

Explosions, street fighting grip Sanaa

Renewed fighting in Yemen's capital between a powerful tribal group and President Ali Abdullah Saleh's forces has killed at least 19 people this week and rocked Sanaa with explosions, officials said on Wednesday.
Published 02 Jun, 2011 12:00am
Rich nations pledge $30 billion climate aid

Rich nations pledge $30 billion climate aid

Earth-quake-hit Japan and many other rich nations are reaffirming pledges to give $30 billion from 2010-12 to help poor nations fight climate change despite budget cuts, a Reuters survey showed on Wednesday.
Published 02 Jun, 2011 12:00am
Jameel Fakhri to be treated on government expenses

Jameel Fakhri to be treated on government expenses

Medical Superintendent Mayo Hospital, Dr Zahid Pervez has constituted a medical board for famous film and TV artist, Jameel Fakhri, who would be treated on government expenditure.
Published 02 Jun, 2011 12:00am
Prices of 25 items down, 23 show increase

Prices of 25 items down, 23 show increase

The prices of 25 commodities, including vegetables, pulses, poultry and cooked items, registered an average decrease of 7 percent, those of 23 items registered an increase of 5 percent in May as compared to April 2011.
Published 02 Jun, 2011 12:00am
PCRET's role in promotion of renewable energy

PCRET's role in promotion of renewable energy

Please refer to a news item published in Business Recorder dated May 26, 2011 titled as "KESC's bio gas energy project," in which endeavours of Highmark Renewables and KESC to initiate the world's largest project of bio gas energy at Karachi have b
Published 02 Jun, 2011 12:00am
Nawaz rejects Abbottabad probe commission

Nawaz rejects Abbottabad probe commission

Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif on Wednesday rejected the government's newly formed independent commission to probe the May 2 US raid in Abbottabad which led to the killing of Osama bin Laden.
Published 02 Jun, 2011 12:00am
AJK polls campaign Use of loudspeakers mounted on vehicles banned

AJK polls campaign Use of loudspeakers mounted on vehicles banned

The use of loudspeakers on the vehicles by the candidates for electioneering for the scheduled June 26 general elections campaign in Azad Jammu & Kashmir has been strictly banned in the light of the code of conduct yet announced by the AJK elections commi
Published 02 Jun, 2011 12:00am
Wheat, rice, cotton produce increased during last 15 years

Wheat, rice, cotton produce increased during last 15 years

The production of wheat has increased 24.3 million tons from 16.9 million tons, rice's production increases to 7.0 million tons from 4.0 million tons and the cotton's production increases to 14.3 million bales from 10.6 million bales during the last fifte
Published 02 Jun, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (June 01, 2011) and the forecast for Thursday (June 02, 2011).
Published 02 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 01, 2011).
Published 02 Jun, 2011 12:00am
LTC opens LC for import of 111 buses from China

LTC opens LC for import of 111 buses from China

Lahore Transport Company has opened Letter of Credit (LC) for import of 111 200 buses to ply in Lahore, LTC chairman Khwaja Ahmad Hassaan told Business Recorder here on Wednesday. He said that Chinese supplier of buses Foton Co was required to supp
Published 02 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 01, 2011).
Published 02 Jun, 2011 12:00am
FBR restrained from taking coercive measures against sugar mills

FBR restrained from taking coercive measures against sugar mills

A division bench of the Lahore High Court (LHC) here on Wednesday restrained the Federal Board of Revenue (FBR) from taking coercive measures against three sugar mills for recovery of "special excise duty" and directed it to file reply by June 14.
Published 02 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.
Published 02 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.
Published 02 Jun, 2011 12:00am
Electricity demand reduced by 2,000 MW

Electricity demand reduced by 2,000 MW

The fall in temperature by 5 to 8 degrees Celsius in the vast plains of Punjab, Khyber Pakhtunkhwa, Balochistan and Gilgit-Baltistan has reduced electricity demand from 18,000 MW to 16,000 MW in the country during the past couple of days.
Published 02 Jun, 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 (June 01, 2011).
Published 02 Jun, 2011 12:00am
Turkish educationists visit GCU

Turkish educationists visit GCU

A delegation of Turkish educationists Wednesday visited the Government College University (GCU) Lahore and met Vice Chancellor Professor Dr Ikramul Haq. The delegation led by Pak-Turk International Schools and Colleges Regional Director Saadi Yildirir dis
Published 02 Jun, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 01, 2011).
Published 02 Jun, 2011 12:00am
Raid conducted under SHC orders against IPRs violator

Raid conducted under SHC orders against IPRs violator

The Nazir of the High Court, along with Police aid, conducted a raid under orders of Sindh High Court (SHC) against a mid-sized business involved in violation of Intellectual Property Rights (IPRs) through use of unlicensed software.
Published 02 Jun, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (June 01, 2011) and for Thursday (June 02, 2011).
Published 02 Jun, 2011 12:00am
Food inspectors

Food inspectors

Secretary Health Punjab Jehanzeb Khan has designated the District Officers (E&I) of respective districts, serving under industries, commerce and investment department to act as ex-officio Food Inspectors.
Published 02 Jun, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 01, 2011).
Published 02 Jun, 2011 12:00am
Nawaz for achieving economic sovereignty

Nawaz for achieving economic sovereignty

A former Prime Minister, Nawaz Sharif on Wednesday said that the goal of "economic sovereignty" can only be achieved by creating environment conducive to investment in the country.
Published 02 Jun, 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 (June 01, 2011).
Published 02 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 01, 2011).
Published 02 Jun, 2011 12:00am
LCCI to hold Gilgit-Baltistan Investment Week in September

LCCI to hold Gilgit-Baltistan Investment Week in September

The Lahore Chamber of Commerce and Industry (LCCI) has decided to hold Gilgit-Baltistan Investment Week in September this year where potential of Gilgit-Baltistan would be highlighted through weeklong exhibition and sector-specific seminars and discussion
Published 02 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 01, 2011).
Published 02 Jun, 2011 12:00am
Private tour operators: LHC stops ministry from finalising Hajj quota

Private tour operators: LHC stops ministry from finalising Hajj quota

A full bench of the Lahore High Court (LHC) here on Wednesday restrained the ministry of religious affairs from finalising the process of Hajj quota allocation to private tour operators and sought detailed reply from federal government and the ministry by
Published 02 Jun, 2011 12:00am
Private tour operators: LHC stops ministry from finalising Hajj quota

Private tour operators: LHC stops ministry from finalising Hajj quota

A full bench of the Lahore High Court (LHC) here on Wednesday restrained the ministry of religious affairs from finalising the process of Hajj quota allocation to private tour operators and sought detailed reply from federal government and the ministry by
Published 02 Jun, 2011 12:00am
July-May CPI inflation up by 14 percent

July-May CPI inflation up by 14 percent

The Consumer Price Index (CPI) inflation increased by 14 percent in July-May 2010-11 over the same period of last year on the back of significant increase in the prices of essential commodities, according to Federal Bureau of Statistics (FBS). Official C
Published 02 Jun, 2011 12:00am
July-May CPI inflation up by 14 percent

July-May CPI inflation up by 14 percent

The Consumer Price Index (CPI) inflation increased by 14 percent in July-May 2010-11 over the same period of last year on the back of significant increase in the prices of essential commodities, according to Federal Bureau of Statistics (FBS). Official C
Published 02 Jun, 2011 12:00am
July-May CPI inflation up by 14 percent

July-May CPI inflation up by 14 percent

The Consumer Price Index (CPI) inflation increased by 14 percent in July-May 2010-11 over the same period of last year on the back of significant increase in the prices of essential commodities, according to Federal Bureau of Statistics (FBS). Official C
Published 02 Jun, 2011 12:00am
Plan to switch retailers from turnover tax to normal tax regime

Plan to switch retailers from turnover tax to normal tax regime

The government has planned to switch various categories of retailers from the ambit of turnover tax to normal tax regime through Finance Act 2011, it is learnt. According to sources, the revenue body had allowed the retailers, vendors, shopkeepers, etc, t
Published 02 Jun, 2011 12:00am
Plan to switch retailers from turnover tax to normal tax regime

Plan to switch retailers from turnover tax to normal tax regime

The government has planned to switch various categories of retailers from the ambit of turnover tax to normal tax regime through Finance Act 2011, it is learnt. According to sources, the revenue body had allowed the retailers, vendors, shopkeepers, etc, t
Published 02 Jun, 2011 12:00am
Plan to switch retailers from turnover tax to normal tax regime

Plan to switch retailers from turnover tax to normal tax regime

The government has planned to switch various categories of retailers from the ambit of turnover tax to normal tax regime through Finance Act 2011, it is learnt. According to sources, the revenue body had allowed the retailers, vendors, shopkeepers, etc, t
Published 02 Jun, 2011 12:00am
Balochistan University professor killed in Quetta

Balochistan University professor killed in Quetta

Gunmen killed a senior university professor in a drive-by shooting Wednesday, police said. Saba Dashtiari, 55, was shot dead as he came out of the university in Quetta for a routine evening walk with a student, senior police officer Ghulam Hussain said.
Published 02 Jun, 2011 12:00am
Balochistan University professor killed in Quetta

Balochistan University professor killed in Quetta

Gunmen killed a senior university professor in a drive-by shooting Wednesday, police said. Saba Dashtiari, 55, was shot dead as he came out of the university in Quetta for a routine evening walk with a student, senior police officer Ghulam Hussain said.
Published 02 Jun, 2011 12:00am
FED on filter rods: cigarette industry opposes proposed cut

FED on filter rods: cigarette industry opposes proposed cut

The documented cigarette industry has strongly opposed Federal Board of Revenue (FBR) proposal to reduce federal excise duty from Re 1 to Re 0. 30 per filter rod of cigarettes in the upcoming budget for 2011-12.
Published 02 Jun, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 01, 2011).
Published 02 Jun, 2011 12:00am