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Print - 2011-06-07
5,634 passports of Umrah pilgrims stolen

5,634 passports of Umrah pilgrims stolen

Around 5,634 passports of intending Umrah pilgrims along with all relevant documents were stolen from the office of Travel Agents Association of Pakistan (TAAP) here on Monday. According to details, some 17 bags having 5,634 passports, which were to be se
Published 07 Jun, 2011 12:00am
'PTCL to make Rs 16 billion investment in telecom sector'

'PTCL to make Rs 16 billion investment in telecom sector'

Managing Director, Pakistan Telecommu-nications Company (PTCL), Walid Irshad has informed the business community that the company would invest about rupees 16 billion in the telecommunications sector in next five years. Speaking at a meeting of Korangi As
Published 07 Jun, 2011 12:00am
China tells US to respect Pakistan's sovereignty

China tells US to respect Pakistan's sovereignty

China has reportedly urged the United States of America (USA) to respect Pakistan's sovereignty and territorial integrity and extend the country full support, sources close to Senior Minister for Industries and Defence Production told Business Recorder
Published 07 Jun, 2011 12:00am
Protest demonstration against illegal confinement of radio journalist

Protest demonstration against illegal confinement of radio journalist

The journalists of Peshawar on Monday held a protest demonstration outside the press club against the illegal confinement of a radio journalist Saleem Rehman by Sarband police and asked for his immediate release. The protestors were led by Khyber Union of
Published 07 Jun, 2011 12:00am
FBR urged to withdraw changes made in TOT definition

FBR urged to withdraw changes made in TOT definition

Chairman, All Pakistan Consumer and Pharmaceutical Products Distributors Association (APCPPDA), Tahir Khaliq has urged the chairman Federal Board of Revenue (FBR) to withdraw changes made in the definition of Turn Over Tax (TOT) in the budget document for
Published 07 Jun, 2011 12:00am
Reading habit in children

Reading habit in children

It may not be possible to cultivate a habit of reading among adults who have only read textbooks or just a few books in their entire life. In order to develop a reading habit among people it is necessary for parents to urge their children to read right fr
Published 07 Jun, 2011 12:00am
Exams pressure can drive South Korea teens to suicide

Exams pressure can drive South Korea teens to suicide

The crushing pressure on South Korean teenagers to perform well in exams can leave some students so distraught they feel life just isn't worth living. Dozens of teenagers kill themselves every year - often around the time of an annual college entrance exa
Published 07 Jun, 2011 12:00am
Budget bashing: a national pastime

Budget bashing: a national pastime

The federal budget of FY12 has come and gone, unable to galvanise a rumbling opposition or a demoralised populace. Total budgetary outlay for FY12 is projected at Rs 2.77 trillion, (+8%) against the revised target for FY11. The tax revenue target is set a
Published 07 Jun, 2011 12:00am
An exercise in self-deception

An exercise in self-deception

The June 3 parliamentary session for presentation of the Federal Budget became a rare display of protest because it outlasted the session and the Finance Minister couldn't complete his budget speech. The right of dissent is undeniable but, in recent times
Published 07 Jun, 2011 12:00am
Saleh of Yemen on the run

Saleh of Yemen on the run

The Arab Spring is flowering in myriad ways; in Yemen just one rocket attack on the presidential palace appears to have sealed the fate of one of the most durable dictators. President Ali Abdullah Saleh had defied protestors for weeks in the capital city
Published 07 Jun, 2011 12:00am
Create a ministry of energy

Create a ministry of energy

After successive increases over the last few months, the government on 31st May decided to reduce petroleum products' prices by up to Rs 5.05 per litre in line with the reduction in global oil prices with effect from 1st June 2011. The price of petrol was
Published 07 Jun, 2011 12:00am
PCB chairman praises budget

PCB chairman praises budget

Pakistan Cricket Board Chairman, Ijaz Butt, who is also the former chairman of Lahore Chamber of Commerce and Industry (LCCI), has praised the federal government for the incentives offered to investors in Budget 2011-2012.
Published 07 Jun, 2011 12:00am
Correction

Correction

Kalim A Siddiqui's designation was inadvertently published as 'Chairman, Byco Petroleum', in Business Recorder story titled 'TGP aimed at providing incentive', on Monday, May 23, 2011. His correct designation is 'President, Byco Petroleum Marketing
Published 07 Jun, 2011 12:00am
KPT celebrates World Environment Day

KPT celebrates World Environment Day

The Karachi Port Trust (KPT) celebrated World Environment Day on the 5th of' June 2011 by undertaking a mangrove plantation and rehabilitation project in the Chinna Creek of Karachi. The project is named "Mangroves for the better environment" and is a muc
Published 07 Jun, 2011 12:00am
Supreme Court directive to Pemra

Supreme Court directive to Pemra

Supreme Court on Monday directed the Pakistan Electronic Media Regulatory Authority (Pemra) to grant the broadcasting licence to a local private television sports channel and submit compliance report within next three days.
Published 07 Jun, 2011 12:00am
OGDCL bonds issue: roadshows to be held from June 19

OGDCL bonds issue: roadshows to be held from June 19

The Privatisation Commission on Monday announced the schedule for holding roadshows for offloading exchangeable bonds up to 10 percent of Oil and Gas Development Corporation Ltd in international market. A spokesman said these roadshows will continue from
Published 07 Jun, 2011 12:00am
OGDCL bonds issue: roadshows to be held from June 19

OGDCL bonds issue: roadshows to be held from June 19

The Privatisation Commission on Monday announced the schedule for holding roadshows for offloading exchangeable bonds up to 10 percent of Oil and Gas Development Corporation Ltd in international market. A spokesman said these roadshows will continue from
Published 07 Jun, 2011 12:00am
OGDCL bonds issue: roadshows to be held from June 19

OGDCL bonds issue: roadshows to be held from June 19

The Privatisation Commission on Monday announced the schedule for holding roadshows for offloading exchangeable bonds up to 10 percent of Oil and Gas Development Corporation Ltd in international market. A spokesman said these roadshows will continue from
Published 07 Jun, 2011 12:00am
Over 60,000 blocks to be set up during census in Sindh

Over 60,000 blocks to be set up during census in Sindh

Population Census Organisation (PCO) has decided that more than 60 thousands blocks would be established in Sindh province during the census which would be held from September 12 to 27 2011. During the house listing, 35,255 blocks were made by the PCO in
Published 07 Jun, 2011 12:00am
Etihad, Bank Alfalah reward customers

Etihad, Bank Alfalah reward customers

Etihad Airways and Bank Alfalah have successfully conducted an exciting competition where big rewards were given to their valued customers in Pakistan. The top prize comprised a free air-ticket along with free stay at the Crystal Hotel in Abu Dhabi. Sohai
Published 07 Jun, 2011 12:00am
MCC arrests exporter involved in multimillion rupees scam

MCC arrests exporter involved in multimillion rupees scam

Model Customs Collectorate (MCC) has claimed to have arrested an exporter allegedly involved in a multimillion scam. According to details, the department has seized a consignment of Wet Blue Leather" which was allegedly being fraudulently exported to Taiw
Published 07 Jun, 2011 12:00am
Shahbaz for relying on indigenous resources

Shahbaz for relying on indigenous resources

Punjab Chief Minister Muhammad Shahbaz Sharif said that there was a need for checking corruption, nepotism and plunder of national resources, which were hindering the process of development and prosperity. He also advocated for shunning foreign charity to
Published 07 Jun, 2011 12:00am
Malik meets IG FC

Malik meets IG FC

Interior Minister Rehman Malik on Monday called on Inspector General of Frontier Corps Balochistan, Major General Obaidullah Khan Khatak at FC headquarters here. Besides scores of other matters, issues pertaining to law and order situation was discussed d
Published 07 Jun, 2011 12:00am
The Weather

The Weather

The weather report on Monday (June 06, 2011) and the forecast for Tuesday (June 07, 2011).

Published 07 Jun, 2011 12:00am
Four killed, two injured in shopping plaza fire

Four killed, two injured in shopping plaza fire

At least four people were killed and two other received serious burn injuries in Blue Area shopping plaza blaze, the commercial hub of Federal Capital, in the wee hours of Monday. The fire broke out in Fayyaz Plaza of Blue Area near Lal Quarter, which eng
Published 07 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (June 06, 2011).

Published 07 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 07 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 07 Jun, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (June 06, 2011).

Published 07 Jun, 2011 12:00am
Customs raises ITP of three steel products

Customs raises ITP of three steel products

Pakistan customs has raised the Import Trade Price (ITP)/values of three major flat steel products up to $48 per ton. Sources told Business Recorder on Monday that the Directorate General of Customs Valuation has increased import values of Hot Roll
Published 07 Jun, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (June 06, 2011) and for Tuesday (June 07, 2011).
Published 07 Jun, 2011 12:00am
HRs ministry resolves 1,278 cases out of 3,753

HRs ministry resolves 1,278 cases out of 3,753

A total of 3,753 cases of human rights violation were taken by the Ministry of Human Rights (HRs) during 2010-11, out of these 1,278 cases were resolved up to May 31, 2011. In written reply to a question in the National Assembly, the ministry told that it
Published 07 Jun, 2011 12:00am
27 MPs have assets in foreign countries, National Assembly told

27 MPs have assets in foreign countries, National Assembly told

As many as 27 parliamentarians have assets in foreign countries. The parliamentarians, who have assets aboard are: Speaker National Assembly Dr Fahmida Mirza, Finance Minister Dr Abdul Hafeez Sheikh, Interior Minister Rehman Malik, Minister for Port and S
Published 07 Jun, 2011 12:00am
Revenue target to be pursued vigorously

Revenue target to be pursued vigorously

Federal Board of Revenue Chairman Salman Siddiq on Monday expressed his full commitment to reduce the existing tax gap of 79 percent saying that the Board would eagerly pursue the target of Rs 1,952 billion in 2011-12 by taking administrative measures wor
Published 07 Jun, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 06, 2011).

Published 07 Jun, 2011 12:00am
'No confirmation' Kashmiri is dead: US official

'No confirmation' Kashmiri is dead: US official

The United States has had "no confirmation" that al Qaeda commander Ilyas Kashmiri died in a drone strike last week, a US defence official speaking on condition of anonymity said Monday. A senior Pakistani security official said two days ago there were "s
Published 07 Jun, 2011 12:00am
'No confirmation' Kashmiri is dead: US official

'No confirmation' Kashmiri is dead: US official

The United States has had "no confirmation" that al Qaeda commander Ilyas Kashmiri died in a drone strike last week, a US defence official speaking on condition of anonymity said Monday. A senior Pakistani security official said two days ago there were "s
Published 07 Jun, 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 (June 06, 2011).

Published 07 Jun, 2011 12:00am
Tropical cyclone formation in Arabian Sea forecast

Tropical cyclone formation in Arabian Sea forecast

The Pakistan Meteorological Department (PMD) on Monday forecast tropical cyclone formation in the Arabian Sea. "The latest meteorological data indicates that a well marked low pressure area has developed in Eastern Arabian Sea near western coast of India
Published 07 Jun, 2011 12:00am
Tropical cyclone formation in Arabian Sea forecast

Tropical cyclone formation in Arabian Sea forecast

The Pakistan Meteorological Department (PMD) on Monday forecast tropical cyclone formation in the Arabian Sea. "The latest meteorological data indicates that a well marked low pressure area has developed in Eastern Arabian Sea near western coast of India
Published 07 Jun, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (June 06, 2011).

Published 07 Jun, 2011 12:00am
21 killed in three drone attacks

21 killed in three drone attacks

At least 21 people were killed Monday in three separate suspected US drone attacks in the South Waziristan tribal district of Pakistan's troubled north-west, officials said. The latest strike targeted a vehicle in the Shawal area on the Afghan border, 45
Published 07 Jun, 2011 12:00am
21 killed in three drone attacks

21 killed in three drone attacks

At least 21 people were killed Monday in three separate suspected US drone attacks in the South Waziristan tribal district of Pakistan's troubled north-west, officials said. The latest strike targeted a vehicle in the Shawal area on the Afghan border, 45
Published 07 Jun, 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 (June 06, 2011).

Published 07 Jun, 2011 12:00am
Floods 2010 caused Rs 855 billion losses: commission's report unveiled

Floods 2010 caused Rs 855 billion losses: commission's report unveiled

A 200-page report compiled by a four-member commission on last year's devastating floods has been issued after the apex court direction to make it public. A three-judge SC bench comprising Chief Justice Iftikhar Mohammad Chaudhry, Justice Tariq Parvez and
Published 07 Jun, 2011 12:00am
Floods 2010 caused Rs 855 billion losses: commission's report unveiled

Floods 2010 caused Rs 855 billion losses: commission's report unveiled

A 200-page report compiled by a four-member commission on last year's devastating floods has been issued after the apex court direction to make it public. A three-judge SC bench comprising Chief Justice Iftikhar Mohammad Chaudhry, Justice Tariq Parvez and
Published 07 Jun, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (June 06, 2011).

Published 07 Jun, 2011 12:00am
JUI-F's Haidri now leader of opposition in Senate

JUI-F's Haidri now leader of opposition in Senate

The Senate Secretariat on Monday notified Senator Maulana Abdul Ghafoor Haideri of Jamiat Ulema-e-Islam (Fazl) as new leader of the opposition in the Upper House of the Parliament. The decision invited strong criticism from rest of the opposition parties
Published 07 Jun, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (June 06, 2011).

Published 07 Jun, 2011 12:00am
JUI-F's Haidri now leader of opposition in Senate

JUI-F's Haidri now leader of opposition in Senate

The Senate Secretariat on Monday notified Senator Maulana Abdul Ghafoor Haideri of Jamiat Ulema-e-Islam (Fazl) as new leader of the opposition in the Upper House of the Parliament. The decision invited strong criticism from rest of the opposition parties
Published 07 Jun, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (June 06, 2011).

Published 07 Jun, 2011 12:00am
ISE-10 index down by 16.51 points

ISE-10 index down by 16.51 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 16.51 points as the ISE Ten Index moved from 2,783.93 to 2767.42 p
Published 07 Jun, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (June 06, 2011).

Published 07 Jun, 2011 12:00am
ISE-10 index down by 16.51 points

ISE-10 index down by 16.51 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 16.51 points as the ISE Ten Index moved from 2,783.93 to 2767.42 p
Published 07 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 Monday (June 06, 2011).

Published 07 Jun, 2011 12:00am
LSE index gains 4.18 points

LSE index gains 4.18 points

Bearish sentiments dominated on the Lahore Stock Exchange on Monday where equities moved both ways amid volatile situation but finally stayed in negative zone under the lead of oil sector. The LSE-25 index marginally gained 4.18 points and was closed at 3
Published 07 Jun, 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 28TH MAY, 2011.

Published 07 Jun, 2011 12:00am
LSE index gains 4.18 points

LSE index gains 4.18 points

Bearish sentiments dominated on the Lahore Stock Exchange on Monday where equities moved both ways amid volatile situation but finally stayed in negative zone under the lead of oil sector. The LSE-25 index marginally gained 4.18 points and was closed at 3
Published 07 Jun, 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 28TH MAY, 2011.

Published 07 Jun, 2011 12:00am
13 injured in grenade attack

13 injured in grenade attack

About 13 people were injured near Ghas Mandi in the wee hours of Tuesday morning when unknown assailants attacked the convoy of Aman Committee leader Aziz Jan Baloch with grenades, a private TV channel said. However, Baloch escaped unhurt. The injured wer
Published 07 Jun, 2011 12:00am
US Commander calls on CJCSC

US Commander calls on CJCSC

General James N Mattis, Commander United States Central Command (USCENTCOM) on Monday called on Chairman Joint Chiefs of Staff Committee (CJCSC) General Khalid Shameem Wynne at Joint Staff Headquarters, Chaklala and discussed regional security situation a
Published 07 Jun, 2011 12:00am
BRIndex30 down 69.42 points

BRIndex30 down 69.42 points

On Monday, the BRIndex30 opened at 8,855.52 points and remained in negative for most of trading session. It touched the intra-day high of 8,891.51 points and low of 8,783.06 points and closed at 8,786.10 points with a net negative change of -69.42 points,
Published 07 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 06, 2011).

Published 07 Jun, 2011 12:00am
BRIndex30 down 69.42 points

BRIndex30 down 69.42 points

On Monday, the BRIndex30 opened at 8,855.52 points and remained in negative for most of trading session. It touched the intra-day high of 8,891.51 points and low of 8,783.06 points and closed at 8,786.10 points with a net negative change of -69.42 points,
Published 07 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 06, 2011).

Published 07 Jun, 2011 12:00am
Index sheds 25.01 points

Index sheds 25.01 points

The Karachi stock market witnessed mixed trend on Monday, the first working day after the announcement of federal budget for 2011-12, and after moving to both sides, the KSE-100 index closed at 12,211.65 points, down 25.01 points. After opening in negativ
Published 07 Jun, 2011 12:00am
Index sheds 25.01 points

Index sheds 25.01 points

The Karachi stock market witnessed mixed trend on Monday, the first working day after the announcement of federal budget for 2011-12, and after moving to both sides, the KSE-100 index closed at 12,211.65 points, down 25.01 points. After opening in negativ
Published 07 Jun, 2011 12:00am
Index sheds 25.01 points

Index sheds 25.01 points

The Karachi stock market witnessed mixed trend on Monday, the first working day after the announcement of federal budget for 2011-12, and after moving to both sides, the KSE-100 index closed at 12,211.65 points, down 25.01 points. After opening in negativ
Published 07 Jun, 2011 12:00am
THE RUPEE: slight recovery

THE RUPEE: slight recovery

The rupee commenced the week on a positive note as it managed to recover weekend losses against dollar on the money market on Monday, experts said. The rupee inched up versus dollar, gaining three paisa for buying and selling at 85.92 and 85.97, they said
Published 07 Jun, 2011 12:00am
THE RUPEE: slight recovery

THE RUPEE: slight recovery

The rupee commenced the week on a positive note as it managed to recover weekend losses against dollar on the money market on Monday, experts said. The rupee inched up versus dollar, gaining three paisa for buying and selling at 85.92 and 85.97, they said
Published 07 Jun, 2011 12:00am
GST on services: provincial budgets to define FBR power, says Salman

GST on services: provincial budgets to define FBR power, says Salman

Federal Board of Revenue Chairman Salman Siddiq said on Monday the passage of provincial budgets (2011-12) would clear the situation about the empowerment of the FBR in relation to collection of GST on services involving input tax adjustment.
Published 07 Jun, 2011 12:00am