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Print - 2011-06-22
Bangladesh moves to retain Islam as state religion

Bangladesh moves to retain Islam as state religion

Bangladesh will retain Islam as the state religion in amendments the government is proposing to its constitution, a government minister said Tuesday. A former military ruler declared Islam the state religion in 1988 by amending the charter, but it barely
Published 22 Jun, 2011 12:00am
Naveed sets terms for zero loadshedding in Punjab

Naveed sets terms for zero loadshedding in Punjab

Federal Minister for Water and Power Syed Naveed Qamar told the National Assembly that wind power projects of 1000 to 1500 MW would be initiated in a week or so and offered conditional zero loadshedding to the industrial units in Punjab. Winding up debate
Published 22 Jun, 2011 12:00am
Naveed sets terms for zero loadshedding in Punjab

Naveed sets terms for zero loadshedding in Punjab

Federal Minister for Water and Power Syed Naveed Qamar told the National Assembly that wind power projects of 1000 to 1500 MW would be initiated in a week or so and offered conditional zero loadshedding to the industrial units in Punjab. Winding up debate
Published 22 Jun, 2011 12:00am
Naveed sets terms for zero loadshedding in Punjab

Naveed sets terms for zero loadshedding in Punjab

Federal Minister for Water and Power Syed Naveed Qamar told the National Assembly that wind power projects of 1000 to 1500 MW would be initiated in a week or so and offered conditional zero loadshedding to the industrial units in Punjab. Winding up debate
Published 22 Jun, 2011 12:00am
Ban elected for second term as UN leader

Ban elected for second term as UN leader

The 192-nation UN General Assembly on Tuesday elected Ban Ki-moon for a second term as the global body's secretary general. The assembly unanimously backed the former South Korean foreign minister by acclamation. His second five-year term will start on Ja
Published 22 Jun, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Jun, 2011 12:00am
Ban elected for second term as UN leader

Ban elected for second term as UN leader

The 192-nation UN General Assembly on Tuesday elected Ban Ki-moon for a second term as the global body's secretary general. The assembly unanimously backed the former South Korean foreign minister by acclamation. His second five-year term will start on Ja
Published 22 Jun, 2011 12:00am
ST reduced to 16 percent, 2.5 percent SED abolished from June 20

ST reduced to 16 percent, 2.5 percent SED abolished from June 20

The Federal Board of Revenue (FBR) has reduced sales tax from 17 percent to 16 percent and abolished 2.5 percent special excise duty (SED) at import stage, from June 20, 2011 instead of July 1, 2011. In this regard, the FBR has issued instructions to all
Published 22 Jun, 2011 12:00am
ST reduced to 16 percent, 2.5 percent SED abolished from June 20

ST reduced to 16 percent, 2.5 percent SED abolished from June 20

The Federal Board of Revenue (FBR) has reduced sales tax from 17 percent to 16 percent and abolished 2.5 percent special excise duty (SED) at import stage, from June 20, 2011 instead of July 1, 2011. In this regard, the FBR has issued instructions to all
Published 22 Jun, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 22 Jun, 2011 12:00am
ST reduced to 16 percent, 2.5 percent SED abolished from June 20

ST reduced to 16 percent, 2.5 percent SED abolished from June 20

The Federal Board of Revenue (FBR) has reduced sales tax from 17 percent to 16 percent and abolished 2.5 percent special excise duty (SED) at import stage, from June 20, 2011 instead of July 1, 2011. In this regard, the FBR has issued instructions to all
Published 22 Jun, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Jun, 2011 12:00am
Brigadier held over ties with Hizbut-Tahrir

Brigadier held over ties with Hizbut-Tahrir

A senior Pakistan army officer has been arrested on the suspicion over connections with a banned Islamist group, the ISPR confirmed on Tuesday. The spokesman for ISPR said Brigadier Ali Khan had been serving at the General Headquarters and was arrested on
Published 22 Jun, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 22 Jun, 2011 12:00am
Brigadier held over ties with Hizbut-Tahrir

Brigadier held over ties with Hizbut-Tahrir

A senior Pakistan army officer has been arrested on the suspicion over connections with a banned Islamist group, the ISPR confirmed on Tuesday. The spokesman for ISPR said Brigadier Ali Khan had been serving at the General Headquarters and was arrested on
Published 22 Jun, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Jun, 2011 12:00am
Rs 164.447 billion tax-free Balochistan budget unveiled

Rs 164.447 billion tax-free Balochistan budget unveiled

Nawab Aslam Raisani led coalition government on Tuesday unveiled Rs 164.447 billion tax free budget for fiscal year 2011-12, including Rs 31.241 billion of annual development programme (ADP) and foreign assistance programme of Rs 2.225 billion with a defi
Published 22 Jun, 2011 12:00am
Rs 164.447 billion tax-free Balochistan budget unveiled

Rs 164.447 billion tax-free Balochistan budget unveiled

Nawab Aslam Raisani led coalition government on Tuesday unveiled Rs 164.447 billion tax free budget for fiscal year 2011-12, including Rs 31.241 billion of annual development programme (ADP) and foreign assistance programme of Rs 2.225 billion with a defi
Published 22 Jun, 2011 12:00am
Rs 164.447 billion tax-free Balochistan budget unveiled

Rs 164.447 billion tax-free Balochistan budget unveiled

Nawab Aslam Raisani led coalition government on Tuesday unveiled Rs 164.447 billion tax free budget for fiscal year 2011-12, including Rs 31.241 billion of annual development programme (ADP) and foreign assistance programme of Rs 2.225 billion with a defi
Published 22 Jun, 2011 12:00am
Rs 164.447 billion tax-free Balochistan budget unveiled

Rs 164.447 billion tax-free Balochistan budget unveiled

Nawab Aslam Raisani led coalition government on Tuesday unveiled Rs 164.447 billion tax free budget for fiscal year 2011-12, including Rs 31.241 billion of annual development programme (ADP) and foreign assistance programme of Rs 2.225 billion with a defi
Published 22 Jun, 2011 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange (LSE) on Tuesday where equities showed recoveries and appreciated values following fresh entries in oil, banking and fertiliser sectors. The LSE-25 index gained 38.71 points and was closed at 3121.
Published 22 Jun, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (June 21, 2011).

Published 22 Jun, 2011 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange (LSE) on Tuesday where equities showed recoveries and appreciated values following fresh entries in oil, banking and fertiliser sectors. The LSE-25 index gained 38.71 points and was closed at 3121.
Published 22 Jun, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 26.98 points, as the Index moved from 2,731.31 to 2,758.
Published 22 Jun, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 26.98 points, as the Index moved from 2,731.31 to 2,758.
Published 22 Jun, 2011 12:00am
Tax exemption given to OGDC bonds

Tax exemption given to OGDC bonds

The Cabinet Committee on Privatisation (CCoP) has exempted Exchangeable Bonds (EBs) of Oil and Gas Development Company Limited (OGDCL) worth $500 million from taxes, which is a violation of its mandate. A team of top officials from the Ministry of Privati
Published 22 Jun, 2011 12:00am
Tax exemption given to OGDC bonds

Tax exemption given to OGDC bonds

The Cabinet Committee on Privatisation (CCoP) has exempted Exchangeable Bonds (EBs) of Oil and Gas Development Company Limited (OGDCL) worth $500 million from taxes, which is a violation of its mandate. A team of top officials from the Ministry of Privati
Published 22 Jun, 2011 12:00am
Tax exemption given to OGDC bonds

Tax exemption given to OGDC bonds

The Cabinet Committee on Privatisation (CCoP) has exempted Exchangeable Bonds (EBs) of Oil and Gas Development Company Limited (OGDCL) worth $500 million from taxes, which is a violation of its mandate. A team of top officials from the Ministry of Privati
Published 22 Jun, 2011 12:00am
Tax exemption given to OGDC bonds

Tax exemption given to OGDC bonds

The Cabinet Committee on Privatisation (CCoP) has exempted Exchangeable Bonds (EBs) of Oil and Gas Development Company Limited (OGDCL) worth $500 million from taxes, which is a violation of its mandate. A team of top officials from the Ministry of Privati
Published 22 Jun, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the money market on Monday as the rupee posted fresh gain in terms of dollar and euro, experts said. for selling at 85.83, they said.
Published 22 Jun, 2011 12:00am
Agricultural credit disbursement: banks achieve 84 percent target

Agricultural credit disbursement: banks achieve 84 percent target

Commercial and specialised banks achieved about 84 percent of agricultural credit disbursement target during eleven months of current fiscal year 2010-11 (FY11) from July 2010 to May 2011. The disbursement during this period is about 5 percent higher than
Published 22 Jun, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the money market on Monday as the rupee posted fresh gain in terms of dollar and euro, experts said. for selling at 85.83, they said.
Published 22 Jun, 2011 12:00am
Agricultural credit disbursement: banks achieve 84 percent target

Agricultural credit disbursement: banks achieve 84 percent target

Commercial and specialised banks achieved about 84 percent of agricultural credit disbursement target during eleven months of current fiscal year 2010-11 (FY11) from July 2010 to May 2011. The disbursement during this period is about 5 percent higher than
Published 22 Jun, 2011 12:00am
Agricultural credit disbursement: banks achieve 84 percent target

Agricultural credit disbursement: banks achieve 84 percent target

Commercial and specialised banks achieved about 84 percent of agricultural credit disbursement target during eleven months of current fiscal year 2010-11 (FY11) from July 2010 to May 2011. The disbursement during this period is about 5 percent higher than
Published 22 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 21, 2011).

Published 22 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 21, 2011).

Published 22 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 Tuesday (June 21, 2011).

Published 22 Jun, 2011 12:00am
Luxembourg richest, Ireland still third in EU ranking

Luxembourg richest, Ireland still third in EU ranking

Luxembourg remains by far the richest country in the European Union, more than six times more affluent than the bloc's poorest member, Bulgaria, according to an EU measure of economic output per capita. Ireland, which was second richest in the 27-nation E
Published 22 Jun, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 21, 2011).

Published 22 Jun, 2011 12:00am
Luxembourg richest, Ireland still third in EU ranking

Luxembourg richest, Ireland still third in EU ranking

Luxembourg remains by far the richest country in the European Union, more than six times more affluent than the bloc's poorest member, Bulgaria, according to an EU measure of economic output per capita. Ireland, which was second richest in the 27-nation E
Published 22 Jun, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (June 21, 2011) and for Wednesday (June 22, 2011).
Published 22 Jun, 2011 12:00am
Luxembourg richest, Ireland still third in EU ranking

Luxembourg richest, Ireland still third in EU ranking

Luxembourg remains by far the richest country in the European Union, more than six times more affluent than the bloc''s poorest member, Bulgaria, according to an EU measure of economic output per capita. Ireland, which was second richest in the 27-nation
Published 22 Jun, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (June 21, 2011).

Published 22 Jun, 2011 12:00am
Current EFS, IERS & LTFF: SBP extends limits up to August 31

Current EFS, IERS & LTFF: SBP extends limits up to August 31

The State Bank of Pakistan (SBP) has extended the limits sanctioned by banks to individual exporters under Part-II of the Export Finance Scheme (EFS)/ Islamic Export Refinance Scheme (IERS) for the year 2010-11 up to August 31, 2011. It may be pointed out
Published 22 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 22 Jun, 2011 12:00am
Current EFS, IERS & LTFF: SBP extends limits up to August 31

Current EFS, IERS & LTFF: SBP extends limits up to August 31

The State Bank of Pakistan (SBP) has extended the limits sanctioned by banks to individual exporters under Part-II of the Export Finance Scheme (EFS)/ Islamic Export Refinance Scheme (IERS) for the year 2010-11 up to August 31, 2011. It may be pointed out
Published 22 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 22 Jun, 2011 12:00am
Current EFS, IERS & LTFF: SBP extends limits up to August 31

Current EFS, IERS & LTFF: SBP extends limits up to August 31

The State Bank of Pakistan (SBP) has extended the limits sanctioned by banks to individual exporters under Part-II of the Export Finance Scheme (EFS)/ Islamic Export Refinance Scheme (IERS) for the year 2010-11 up to August 31, 2011. It may be pointed out
Published 22 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 21, 2011).

Published 22 Jun, 2011 12:00am
Determination shown to achieve 2010-11 revenue target

Determination shown to achieve 2010-11 revenue target

Federal Board of Revenue (FBR) Member Inland Revenue Khawar Khurshid Butt on Tuesday showed full determination for achieving the revenue collection target of Rs 1588 billion for 2010-11 taking into account daily monitoring and enforcement in the field for
Published 22 Jun, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (June 21, 2011) and the forecast for Wednesday (June 22, 2011).

Published 22 Jun, 2011 12:00am
War against Pakistan

War against Pakistan

I want to tell the President of Pakistan Asif Ali Zardari and the Prime Minister Yousuf Raza Gilani through your respected newspaper that both the United States of America and militants seem to have begun a war against Pakistan since the 9/11 event. Nato
Published 22 Jun, 2011 12:00am
Jinnah Airport: hoax bomb call leads to emergency

Jinnah Airport: hoax bomb call leads to emergency

A hoax bomb call resulted in an emergency drill for bomb disposal squad, volunteers of Hilal-e-Ahmar, Edhi, Cheepa and Airport police who rushed to Jinnah International Airport for search and rescue on Tuesday. According to details, a suspicious bag was l
Published 22 Jun, 2011 12:00am
Monsoon advisory for livestock owners

Monsoon advisory for livestock owners

Director Animal Husbandry Sindh, Hyderabad has notified livestock owners/maldars that due to expected monsoon rains in the province, immunity level of animals could be lower and contagious diseases may affect them.
Published 22 Jun, 2011 12:00am
Speakers stress need for strategy to provide women equal rights

Speakers stress need for strategy to provide women equal rights

Khyber Pakhtunkwa, women parliamentarians at a seminar, stressed the need for provision of equal rights and due status to women in the society, saying women's role is vital in development and progress of the country. The seminar titled "Promoting Dialogue
Published 22 Jun, 2011 12:00am
DHA vigilance guards apprehend three dacoits

DHA vigilance guards apprehend three dacoits

DHA vigilance staff on receipt of information of dacoits having attacked the house of a DHA resident acted swiftly and apprehended three dacoits in a bold encounter. Cash, valuable items and weapons were also recovered from the dacoits.
Published 22 Jun, 2011 12:00am
Pacra maintains PB1C's entity ratings

Pacra maintains PB1C's entity ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity rating of Pak Brunei Investment Company Limited (PB1C) at "AA" (Double A) and "A1+" (A One Plus) respectively. These ratings indicate a very low expectation of cr
Published 22 Jun, 2011 12:00am
Pacra maintains PB1C's entity ratings

Pacra maintains PB1C's entity ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity rating of Pak Brunei Investment Company Limited (PB1C) at "AA" (Double A) and "A1+" (A One Plus) respectively. These ratings indicate a very low expectation of cr
Published 22 Jun, 2011 12:00am
Pacra maintains BAL entity ratings

Pacra maintains BAL entity ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Bank Alfalah Limited (BAL) at "AA" (double A) and "A1+' (A one plus) respectively. The ratings of three unsecured subordinated TFCs issues of Rs 1,250
Published 22 Jun, 2011 12:00am
Pacra maintains BAL entity ratings

Pacra maintains BAL entity ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Bank Alfalah Limited (BAL) at "AA" (double A) and "A1+' (A one plus) respectively. The ratings of three unsecured subordinated TFCs issues of Rs 1,250
Published 22 Jun, 2011 12:00am
Piecemeal peace

Piecemeal peace

The outgoing US Defence Secretary Robert Gates has confirmed contacts with the Afghan Taliban, albeit insists that the "outreach talks" with them are "very preliminary at this point". But for the Afghan President Hamid Karzai's public disclosure a day bef
Published 22 Jun, 2011 12:00am
Pamco to set up crop production zones

Pamco to set up crop production zones

Punjab Agriculture and Meat Company (Pamco) will establish various specific crops production zones in different parts of the province, under which grapes zone will be set up in Cholistan while new disease-free citrus zones will be set up in Bhakkar and La
Published 22 Jun, 2011 12:00am
Punjab University adopts two tigers of Lahore Zoo

Punjab University adopts two tigers of Lahore Zoo

In a crowded ceremony held at Lahore Zoo, Punjab University Department of Zoology adopted two tigers namely Sam and Mohni for a year here on Tuesday. Vice Chancellor Punjab University Dr Mujahid Kamran was the chief guest, while PU Registrar Professor Dr
Published 22 Jun, 2011 12:00am
Sikh Yatrees arrive

Sikh Yatrees arrive

As many as 208 Indian Sikh Yatrees (pilgrims) arrived in the provincial metropolis at Wagha Railway Station by special train to attend Jore Mela here on Wednesday. Chairman Evacuee Property Trust Board; Asif Hashmi and other senior officials warmly welcom
Published 22 Jun, 2011 12:00am
Railways still in a quagmire

Railways still in a quagmire

Although, it is a universal fact that rail transport has advantages over road transport, like the bulk movement of passengers and cargo, providing a safe, economical and environment-friendly mode of transport, but with the expansion of road network, growi
Published 22 Jun, 2011 12:00am
Revisiting Benazir's 'reconciliation'

Revisiting Benazir's 'reconciliation'

For me she is still around. Though conspirators against democracy, empowerment of the less privileged, perpetrators of obscurantism, extremism, bigotry and interfaith conflicts had mistakenly thought that by physically eliminating Benazir Bhutto in Decemb
Published 22 Jun, 2011 12:00am
Elitist view of taxation

Elitist view of taxation

In all vibrant economies, taxation always requires moral and constitutional authority; hence, its mechanism and ratio become secondary issues. Ironically, taxation in countries in economic disarray and distress facing equilibrium deficit, is ever consider
Published 22 Jun, 2011 12:00am
KESC introduces new bill payment system

KESC introduces new bill payment system

The Karachi Electric Supply Company has made alternative arrangements for payment of monthly electricity bills for those customers who have not received physical bills around their usual due date, given interruptions caused in the regular process by the u
Published 22 Jun, 2011 12:00am
Restructuring SOEs

Restructuring SOEs

The federal government has decided to constitute a high-level task force to refurbish 200 public sector entities. The terms of reference of the task force are still being developed through consultations with major stakeholders, including relevant ministri
Published 22 Jun, 2011 12:00am
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