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Print - 2011-06-29
Islamabad Police arrest 33 suspects

Islamabad Police arrest 33 suspects

Islamabad Police arrested 33 persons including 23 wanted offenders and five suspects for their alleged involvement in different crimes, recovering two pistols, 32 bottles of liquor, 400 gram heroin and 630 gram opium from their possession, said a spokesma
Published 29 Jun, 2011 12:00am
Waiver of fine if duty is paid before June 30: FBR

Waiver of fine if duty is paid before June 30: FBR

The federal government vide an amendment to the amnesty granted through SRO.646(I)/2011 has also waived off customs fine in addition to early waiver of penalty and surcharge if the principal amount of customs duty is paid before June 30, 2011. The amnesty
Published 29 Jun, 2011 12:00am
Released fishermen reach Pakistan

Released fishermen reach Pakistan

Five fishermen released by India on Tuesday were accorded warm welcome on return home as a large number of people were present at the Karachi Airport to receive them on their return from Mumbai. Talking to a private news channel, Nabi Bux, a resident of B
Published 29 Jun, 2011 12:00am
Parties vying for control of Senate

Parties vying for control of Senate

The country's top leadership is actively engaged in political manoeuvrings to secure control of the Senate as half the Senate seats would become vacant in March 2012, with key losers being PML-Q, JUI (F), JI and some nationalist parties of Balochistan. Th
Published 29 Jun, 2011 12:00am
Workshop

Workshop

Small & Medium Enterprises Develop-ment Authority (SMEDA) in collaboration with Pak Social Welfare Society (PSWS) and Hyderabad Chamber of Commerce & Industry (HCCI) organised one-day workshop on Negotiation & Selling Skills. The workshop focused on the b
Published 29 Jun, 2011 12:00am
SCCI calls for launching of Karachi-Peshawar cargo train

SCCI calls for launching of Karachi-Peshawar cargo train

Chairman, Sarhad Chamber of Commerce & Industry (SCCI) Standing Committees on Railway and Dry Port, Zia-ul-Haq Sarhadi has said at least one export cargo train in a week from Peshawar to Karachi should be run to facilitate the exporters in dispatching the
Published 29 Jun, 2011 12:00am
Muslim Aid completes healthcare project in Charssada

Muslim Aid completes healthcare project in Charssada

Muslim Aid Pakistan, a charity organisation, under a six-month comprehensive healthcare and hygiene facilities programme 'Bureau of Population Refugees and Migrants' has provided healthcare facilities to more than 38,000 flood-hit people of district Chars
Published 29 Jun, 2011 12:00am
MPs express reservations over Aid for Civil Power Regulation

MPs express reservations over Aid for Civil Power Regulation

Parliamentarians from Federally Administered Tribal Area (FATA) on Tuesday expressed reservations over the newly introduced Aid for Civil Power Regulation in FATA. A delegation of the parliamentarians from FATA called on the Governor Khyber Pakhtunkhwa, B
Published 29 Jun, 2011 12:00am
FBR failure may compel government to borrow

FBR failure may compel government to borrow

The federal government may be compelled to borrow, domestically, in the event the federal Board of Revenue (FBR) fails to achieve the uphill task of collecting over Rs 116 billion in the remaining two days of the current fiscal year, sources told Busin
Published 29 Jun, 2011 12:00am
FBR must collect Rs 116 billion in two days

FBR must collect Rs 116 billion in two days

In the remaining two days of current fiscal year 2010-11, the Federal Board of Revenue (FBR) is faced with a gigantic task of collecting Rs 116.74 billion to meet the thrice downward revised revenue collection target of Rs 1588 billion.
Published 29 Jun, 2011 12:00am
'Devolution of ministries to strengthen democratic culture'

'Devolution of ministries to strengthen democratic culture'

Chaudhry Anwar Ali Cheema, Federal Minister for Production has appreciated the devolution of ministries under the 18th Amendment to the provinces. He has said that the devolution would further empower the provincial governments as these will be directly a
Published 29 Jun, 2011 12:00am
Prime Minister lends his aircraft to AJK PM for Kazakhstan visit

Prime Minister lends his aircraft to AJK PM for Kazakhstan visit

Prime Minister Syed Yousuf Raza Gilani has given his official airplane to Prime Minister Azad Jammu and Kashmir Sardar Atiq Ahmed Khan to attend the OIC Contact Group on Kashmir being held in Kazakhstan after briefly stopping at Benazir Bhutto Internation
Published 29 Jun, 2011 12:00am
Federation wants Supreme Court to hear ZAB reference under Article 186

Federation wants Supreme Court to hear ZAB reference under Article 186

The Supreme Court was on Tuesday was informed that Federation intended to move the presidential reference for revisiting Zulfikar Ali Bhutto case within the ambit of Article 186 of the Constitution of Pakistan whereas the court observed that the case coul
Published 29 Jun, 2011 12:00am
Islamabad police introduce new security plan

Islamabad police introduce new security plan

New security plan was introduced following the change of command in Islamabad Police, ensuring recruitment of new blood to enable the under-strength Capital Police to ensure provision of better security to the residents of Federal Capital.
Published 29 Jun, 2011 12:00am
'Social networking key to effective governance'

'Social networking key to effective governance'

IT experts at a seminar have said social networking is a key to effective governance as the emerging trend of social grouping is predominant in the developed world for retaining accuracy in the political and administrative system.
Published 29 Jun, 2011 12:00am
'Great potential to enhance Pak-Korea trade'

'Great potential to enhance Pak-Korea trade'

Korean Consul General In Ki Lee hosted a reception at his residence recently for the Korean ambassador and Sindh Assembly parliamentarians and businessmen, who visited Korea earlier this month. Lee hoped that the visit would help strengthen ties between t
Published 29 Jun, 2011 12:00am
Youth Leadership Programme second session held

Youth Leadership Programme second session held

Youth Leadership Programme-2011 (YLDP), organised under the aegis of All Pakistan Memon Foundation-Educational Board (APMF-EB), has successfully conducted its second session on Effective Communication at National Museum recently.
Published 29 Jun, 2011 12:00am
Hoti takes notice of police torture against journalists

Hoti takes notice of police torture against journalists

Chief Minister, Khyber Pakhtunkhwa, Ameer Haider Khan Hoti, has taken notice of growing incidents of police torture and maltreatment against journalists and sought immediate report in this regard. The chief minister also directed the Inspector General of
Published 29 Jun, 2011 12:00am
Four LEAs personnel killed in Dera Bugti

Four LEAs personnel killed in Dera Bugti

At least four personnel of Law Enforcement Agency were killed and five others sustained injuries in a road mishap in Dera Bugti area on Tuesday. Levis Force official said that a vehicle carrying personnel of law enforcement agency to Sui from Dera Bugti w
Published 29 Jun, 2011 12:00am
'UK to help get GSP Plus status for Pakistan in EU market'

'UK to help get GSP Plus status for Pakistan in EU market'

British High Commissioner to Pakistan Adam Thomson on Tuesday said that his country was trying its level best to help Pakistan get access to European market, which was a crucial issue. Talking to a high-profile delegation comprised VP Saarc CCI Iftikhar A
Published 29 Jun, 2011 12:00am
NAVTEC to provide funds to calligraphy institute

NAVTEC to provide funds to calligraphy institute

Chairman National Vocational & Technical Education Commission (NAVTEC) M. Mumtaz Akhtar Kahloon has announced that NAVTEC will provide funds for the construction of rooms for the calligraphy institute run by Pakistan Calligraph Artist Guild near Gaddafi S
Published 29 Jun, 2011 12:00am
UK HC team offers to upgrade trading activities

UK HC team offers to upgrade trading activities

A delegation of British High Commission, comprising Political Secretary Ben Stride, Ms Ireen William, Ms Tasha and Naveed Ahmed visited Multan city on Tuesday and met the president of Multan Chamber of Commerce & Industry (MCCI), Shahid Naseem Khokhar.
Published 29 Jun, 2011 12:00am
Gas supply to IPPs: Chairman Aptma opposes renewal of contracts

Gas supply to IPPs: Chairman Aptma opposes renewal of contracts

Chairman All Pakistan Textile Mills Association (Aptma), Gohar Ejaz has strongly opposed the renewal of contracts for gas supply to the Independent Power Plants (IPPs) under Gas Supply Agreements (GSAs) expiring on June 30th, 2011. The chairman Aptma furt
Published 29 Jun, 2011 12:00am
First monsoon rains lash upper regions

First monsoon rains lash upper regions

As the first monsoon rains have lashed upper regions of the country, River Indus at Tarbela and River Kabul at Nowshera are in low flood. According to flood warning centre Lahore, 2,63,000 cusecs water is flowing in River Indus at Tarbela, and 48,700 cuse
Published 29 Jun, 2011 12:00am
Punjab Assembly approves: supplementary budget amid uproar

Punjab Assembly approves: supplementary budget amid uproar

Punjab Assembly here on Tuesday gave approval to supplementary budget amid uproar over alleged rigging in Azad Jammu and Kashmir Legislative Assembly's elections. Only three cut motions were submitted by the opposition members against the excessive expend
Published 29 Jun, 2011 12:00am
Process of hiring buildings for Hujjaj begins

Process of hiring buildings for Hujjaj begins

The process to hire buildings for intending pilgrims in the Kingdom of Saudi Arabia would be completed soon. An official of the Ministry of Religious Affairs told APP that the process of hiring buildings for Hujjaj has been started through a transparent m
Published 29 Jun, 2011 12:00am
Chief minister Punjab for rapid, efficient disposal of rainwater

Chief minister Punjab for rapid, efficient disposal of rainwater

Punjab Chief Minister Muhammad Shahbaz Sharif on Tuesday directed WASA authorities to make arrangements for the rapid and efficient disposal of rainwater during monsoon season. According to an official, the chief minister said that special attention shoul
Published 29 Jun, 2011 12:00am
Water shortage hitting agricultural sector badly

Water shortage hitting agricultural sector badly

Provincial Minister for Agriculture Ahmad Ali Aulakh has said that water shortage was hitting the agriculture sector hard and the government would have to build small projects to channelise rainwater for irrigating farmland if early construction of big wa
Published 29 Jun, 2011 12:00am
Fair elections not possible under present rulers: Jamaat-e-Islami

Fair elections not possible under present rulers: Jamaat-e-Islami

Jamaat-e-Islami chief Syed Munawar Hasan has said that fair elections were impossible under the present rulers. He urged the PML-N chief Mian Nawaz Sharif to launch a joint movement taking all the opposition parties into confidence to expose the rulers an
Published 29 Jun, 2011 12:00am
PML-N rejects AJK election results

PML-N rejects AJK election results

Rejecting results of recently held Azad Jammu and Kashmir Legislative Assembly's election on the pretext of alleged rigging, Pakistan Muslim League-Nawaz (PML-N) on Tuesday demanded fresh polls, hinting at approaching the court for cancellation of polls w
Published 29 Jun, 2011 12:00am
PML-N decides to challenge AJK polls in Supreme Court

PML-N decides to challenge AJK polls in Supreme Court

Pakistan Muslim League Nawaz (PML-N) has decided to challenge the Azad Jammu and Kashmir (AJK) elections in the Supreme Court. The PML-N leadership took decision to challenge the AJK elections in a meeting held at the Raiwind, chaired by the party head Na
Published 29 Jun, 2011 12:00am
PRGMEA demands continuation of DLTL scheme

PRGMEA demands continuation of DLTL scheme

The spokesman of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has demanded continuation of 3 percent drawback of local taxes and Levis (DLTL) scheme during 2011-12 to sustain growth in country's exports.
Published 29 Jun, 2011 12:00am
Pakistan unlikely to go after militants: US military officer

Pakistan unlikely to go after militants: US military officer

A senior US military officer said Tuesday Pakistani leaders show no sign they are ready to crack down on Haqqani militants operating from sanctuaries near the Afghan border, despite repeated US requests. The United States has long demanded Pakistan go aft
Published 29 Jun, 2011 12:00am
Jamaat-e-Islami to participate in next national, LG elections

Jamaat-e-Islami to participate in next national, LG elections

The Jamaat-e-Islami will participate in the next national and local government elections in a big way and it would mobilise the general public through a mass contact drive during the next three months. This was decided by the JI central election wing at i
Published 29 Jun, 2011 12:00am
Fazl phones Altaf Hussain

Fazl phones Altaf Hussain

Jamiat Ulema-e-Islam -Fazal chief Maulana Fazl-ur-Rehman Tuesday discussed political situation with MQM leader Altaf Hussain in a telephonic conversation. According to the media reports, Fazl also discussed law and order situation in the country with Alta
Published 29 Jun, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (June 28, 2011) and the forecast for Wednesday (June 29, 2011).

Published 29 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 28, 2011).

Published 29 Jun, 2011 12:00am
Kaira hopes to convince MQM

Kaira hopes to convince MQM

Secretary Information Pakistan People's Party (PPP) Qamar Zaman Kaira said on Tuesday that the government want to take along all coalition parties in the smooth running of democratic process and will convince Muttahida Qaumi Movement (MQM) and governor of
Published 29 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 29 Jun, 2011 12:00am
Kidnapping for ransom case: Rind gets 10-year jail sentence

Kidnapping for ransom case: Rind gets 10-year jail sentence

A special Anti-Terrorism Court (ATC) on Tuesday awarded a 10-year jail sentence to Balochistan's MPA Sardar Yar Muhammad Rind, his son and their two accomplices in a kidnapping for ransom case. Rind, who is the lone opposition lawmaker in Balochistan Asse
Published 29 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 29 Jun, 2011 12:00am
Pepco unlikely to be dissolved by June 30

Pepco unlikely to be dissolved by June 30

Pakistan Electric Power Company (Pepco) is unlikely to be dissolved by June 30, 2011 despite tall claims of the government as the Planning Commission failed to fulfil its commitment, well informed sources in Ministry of Water and Power told Business Re
Published 29 Jun, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (June 28, 2011).

Published 29 Jun, 2011 12:00am
Trade missions given one month to submit record of accounts

Trade missions given one month to submit record of accounts

The monitoring and implementation committee of the Public Accounts Committee (PAC) has given one month time to submit entire record of accounts relating to payment of huge funds to Pakistani trade missions abroad from Export Development Fund and Pakistan
Published 29 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 28, 2011).

Published 29 Jun, 2011 12:00am
HEC PhD review body meeting held at UVAS

HEC PhD review body meeting held at UVAS

University of Agriculture, Faisalabad, Vice-Chancellor Professor Dr Iqrar Ahmad Khan has stressed the need to adopt interdisciplinary and collaborative programmes so that students can take admission in subjects in which they can find jobs in relevant fiel
Published 29 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 28, 2011).

Published 29 Jun, 2011 12:00am
Naveed avoids action on irregularities in AEDB

Naveed avoids action on irregularities in AEDB

The incumbent Minister for Water and Power is, reportedly, not taking action against the Alternate Energy Development Board (AEDB) in spite of massive financial irregularities revealed in two different audit reports prepared by the Auditor General of Paki
Published 29 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 28, 2011).

Published 29 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 28, 2011).

Published 29 Jun, 2011 12:00am
Transfers, postings

Transfers, postings

The Punjab government on Tuesday carried out transfers and postings of government officials. According to a notification, Abdur Rehman Abid, Deputy Secretary, Board of Revenue, Punjab, Lahore, has been transferred and posted as Deputy Secretary, Punjab Hu
Published 29 Jun, 2011 12:00am
Karachi LTU attaches KESC's accounts: tax demand order issued

Karachi LTU attaches KESC's accounts: tax demand order issued

Large Taxpayers Unit (LTU), Karachi has attached the banks accounts of Karachi Electric Supply Company (KESC) for recovery of a surcharge of Rs 152 million, which is due on account of advance tax deducted by the power utility from commercial consumers.
Published 29 Jun, 2011 12:00am
President appoints six new members of Pemra

President appoints six new members of Pemra

The President has appointed six new members of Pakistan Electronic Media Regulatory Authority (PEMRA) with immediate effect. According to a notification issued here Tuesday, in exercise of the powers conferred under Section 6 of the Pakistan Electronic Me
Published 29 Jun, 2011 12:00am
THE RUPEE: dollar a bit low

THE RUPEE: dollar a bit low

The rupee recovered modestly against dollar on the currency market on Tuesday, experts said. The rupee shrugged of overnight vulnerability in terms of dollar, gaining five paisa for buying at 86.04 and picking up four paisa for selling at 86.08, they said
Published 29 Jun, 2011 12:00am
Postponement of elections: MQM files petition in AJK HC

Postponement of elections: MQM files petition in AJK HC

The Muttahida Qaumi Movement (MQM) on Tuesday filed a writ petition in Azad Jammu & Kashmir (AJK) High Court (HC) against the postponement of elections by the AJK Election Commission in LA-30 (Jammu and others) and LA-36 (Kashmir valley) belonging to the
Published 29 Jun, 2011 12:00am
THE RUPEE: dollar a bit low

THE RUPEE: dollar a bit low

The rupee recovered modestly against dollar on the currency market on Tuesday, experts said. The rupee shrugged of overnight vulnerability in terms of dollar, gaining five paisa for buying at 86.04 and picking up four paisa for selling at 86.08, they said
Published 29 Jun, 2011 12:00am
Fourth increase in a fortnight: LPG price raised by Rs five per kg

Fourth increase in a fortnight: LPG price raised by Rs five per kg

Liquefied Petroleum Gas (LPG) marketing companies have increased the LPG price by Rs 5 per kg, Rs 60 per 12-kg domestic cylinder and Rs 240 per 45-kg commercial cylinder for the fourth time in a fortnight. After the recent increase, per kg prices of LPG i
Published 29 Jun, 2011 12:00am
Pak-India trade: decision to open another route at Wahgha hailed

Pak-India trade: decision to open another route at Wahgha hailed

The Convener LCCI Standing Committee on Customs and Ports Aftab Ahmad Vohra has said the decision to open another Pak-India trade route at Wahgha is need of the hour and would further strengthen trade relations between the two countries.
Published 29 Jun, 2011 12:00am
Pakistan says stop 'blame game' at US, Afghan talks

Pakistan says stop 'blame game' at US, Afghan talks

Pakistan on Tuesday called for the "blame game" to stop as the United States, Afghanistan and Pakistan met to discuss security in the region amid a Taliban insurgency and heightened tensions over cross border shelling. "We need to end this blame-game," Sa
Published 29 Jun, 2011 12:00am
Pakistan says stop 'blame game' at US, Afghan talks

Pakistan says stop 'blame game' at US, Afghan talks

Pakistan on Tuesday called for the "blame game" to stop as the United States, Afghanistan and Pakistan met to discuss security in the region amid a Taliban insurgency and heightened tensions over cross border shelling. "We need to end this blame-game," Sa
Published 29 Jun, 2011 12:00am
No CVT on Modaraba certificates from July 1

No CVT on Modaraba certificates from July 1

The Karachi Stock Exchange (KSE) on Tuesday announced that capital value tax (CVT) on purchase of Modaraba certificates and instruments of redeemable capital listed on any stock exchange in Pakistan has been withdrawn from July 1, 2011 through Finance Bil
Published 29 Jun, 2011 12:00am
No CVT on Modaraba certificates from July 1

No CVT on Modaraba certificates from July 1

The Karachi Stock Exchange (KSE) on Tuesday announced that capital value tax (CVT) on purchase of Modaraba certificates and instruments of redeemable capital listed on any stock exchange in Pakistan has been withdrawn from July 1, 2011 through Finance Bil
Published 29 Jun, 2011 12:00am
No CVT on Modaraba certificates from July 1

No CVT on Modaraba certificates from July 1

The Karachi Stock Exchange (KSE) on Tuesday announced that capital value tax (CVT) on purchase of Modaraba certificates and instruments of redeemable capital listed on any stock exchange in Pakistan has been withdrawn from July 1, 2011 through Finance Bil
Published 29 Jun, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (June 28, 2011).

Published 29 Jun, 2011 12:00am
Lagarde named first woman IMF chief

Lagarde named first woman IMF chief

France''s Christine Lagarde was named Tuesday to be the first-ever female chief of the IMF, facing an immediate crisis as violent Greek anti-austerity protests rocked eurozone stability. The French finance minister, widely respected for her leadership dur
Published 29 Jun, 2011 12:00am
Lagarde named first woman IMF chief

Lagarde named first woman IMF chief

France's Christine Lagarde was named Tuesday to be the first-ever female chief of the IMF, facing an immediate crisis as violent Greek anti-austerity protests rocked eurozone stability. The French finance minister, widely respected for her leadership duri
Published 29 Jun, 2011 12:00am
Lagarde named first woman IMF chief

Lagarde named first woman IMF chief

France's Christine Lagarde was named Tuesday to be the first-ever female chief of the IMF, facing an immediate crisis as violent Greek anti-austerity protests rocked eurozone stability. The French finance minister, widely respected for her leadership duri
Published 29 Jun, 2011 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 29 Jun, 2011 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, inclusive of Public Debt Offices, will remain closed for public dealing on July 1st, 2011 (Friday) which has been declared as Bank Holiday. All Banks/DFIs shall, therefo
Published 29 Jun, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Jun, 2011 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, inclusive of Public Debt Offices, will remain closed for public dealing on July 1st, 2011 (Friday) which has been declared as Bank Holiday. All Banks/DFIs shall, therefo
Published 29 Jun, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Jun, 2011 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, inclusive of Public Debt Offices, will remain closed for public dealing on July 1st, 2011 (Friday) which has been declared as Bank Holiday. All Banks/DFIs shall, therefo
Published 29 Jun, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 29 Jun, 2011 12:00am
Asset management: SECP blocks merger at the eleventh hour

Asset management: SECP blocks merger at the eleventh hour

The Securities and Exchange Commission of Pakistan (SECP) has blocked the merger of MCB Asset Investment Company with Arif Habib Asset Management, it is reliably learnt. The merger between the two is expected to create the largest asset management house i
Published 29 Jun, 2011 12:00am
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