News Archives for Print - 2011-06-30 - Business Recorder

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Print - 2011-06-30

Marriage halls: Lahore tax offices recovering millions of rupees unpaid ST

Marriage halls: Lahore tax offices recovering millions of rupees unpaid ST

On the directives of the Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR), tax authorities in Lahore are in the process of recovery of sales tax to the tune of millions of rupees from marriage halls

Published 30 Jun, 2011 12:00am

FBR field offices to remain open till midnight

FBR field offices to remain open till midnight

In order to maximise facilitation of taxpayers, with special reference to assistance in payment of their taxes, it has been decided that all FBR field offices will remain open till 12.00 midnight on June 30, 2011. Moreover, all the designated branches of

Published 30 Jun, 2011 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

FBR field offices to remain open till midnight

FBR field offices to remain open till midnight

In order to maximise facilitation of taxpayers, with special reference to assistance in payment of their taxes, it has been decided that all FBR field offices will remain open till 12.00 midnight on June 30, 2011. Moreover, all the designated branches of

Published 30 Jun, 2011 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

FBR field offices to remain open till midnight

FBR field offices to remain open till midnight

In order to maximise facilitation of taxpayers, with special reference to assistance in payment of their taxes, it has been decided that all FBR field offices will remain open till 12.00 midnight on June 30, 2011. Moreover, all the designated branches of

Published 30 Jun, 2011 12:00am

EFU GUARANT GROWTH FUND Rates

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Merger with Summit Bank: Mybank stands de-scheduled from July 1

Merger with Summit Bank: Mybank stands de-scheduled from July 1

The State Bank of Pakistan, following amalgamation of Mybank Ltd (MBL) with and into Summit Bank Limited has cancelled the licence of Mybank Ltd and notified its de-scheduling, effective from July 1, 2011.

Published 30 Jun, 2011 12:00am

EFU GUARANT GROWTH FUND Rates

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Merger with Summit Bank: Mybank stands de-scheduled from July 1

Merger with Summit Bank: Mybank stands de-scheduled from July 1

The State Bank of Pakistan, following amalgamation of Mybank Ltd (MBL) with and into Summit Bank Limited has cancelled the licence of Mybank Ltd and notified its de-scheduling, effective from July 1, 2011.

Published 30 Jun, 2011 12:00am

EFU GUARANT GROWTH FUND Rates

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Merger with Summit Bank: Mybank stands de-scheduled from July 1

Merger with Summit Bank: Mybank stands de-scheduled from July 1

The State Bank of Pakistan, following amalgamation of Mybank Ltd (MBL) with and into Summit Bank Limited has cancelled the licence of Mybank Ltd and notified its de-scheduling, effective from July 1, 2011.

Published 30 Jun, 2011 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 30 Jun, 2011 12:00am

Export-related projects worth Rs 400 million approved by EDF

Export-related projects worth Rs 400 million approved by EDF

The 58th meeting of the Board of Administrators of Export Development Fund (EDF) here on Wednesday approved various projects amounting to Rs 400 million relating to promotion of exports in various sectors. The 58th meeting of the Board of Administrators o

Published 30 Jun, 2011 12:00am

Clearing Schedule for T+2 System

Clearing Schedule for T+2 System

Karachi Stock Exchange's Clearing Schedule for T+2 System.

Published 30 Jun, 2011 12:00am

Export-related projects worth Rs 400 million approved by EDF

Export-related projects worth Rs 400 million approved by EDF

The 58th meeting of the Board of Administrators of Export Development Fund (EDF) here on Wednesday approved various projects amounting to Rs 400 million relating to promotion of exports in various sectors. The 58th meeting of the Board of Administrators o

Published 30 Jun, 2011 12:00am

Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Jun, 2011 12:00am

Export-related projects worth Rs 400 million approved by EDF

Export-related projects worth Rs 400 million approved by EDF

The 58th meeting of the Board of Administrators of Export Development Fund (EDF) here on Wednesday approved various projects amounting to Rs 400 million relating to promotion of exports in various sectors. The 58th meeting of the Board of Administrators o

Published 30 Jun, 2011 12:00am

Provisionally listed companies

Provisionally listed companies

Provisional companies listed in Karachi Stock Exchange.

Published 30 Jun, 2011 12:00am

Engro Foods plans to raise Rs 675 million: IPO launch on July 5

Engro Foods plans to raise Rs 675 million: IPO launch on July 5

For its growing food business, Engro Foods aims to raise Rs 675 million through Initial Public Offering (IPO) of 27 million shares. The subscription will start on July 5 and end on July 7, 2011 at selected banks. The public offer of Rs 25 per share includ

Published 30 Jun, 2011 12:00am

Last date of renunciation/payment

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 30 Jun, 2011 12:00am

Engro Foods plans to raise Rs 675 million: IPO launch on July 5

Engro Foods plans to raise Rs 675 million: IPO launch on July 5

For its growing food business, Engro Foods aims to raise Rs 675 million through Initial Public Offering (IPO) of 27 million shares. The subscription will start on July 5 and end on July 7, 2011 at selected banks. The public offer of Rs 25 per share includ

Published 30 Jun, 2011 12:00am

Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 30 Jun, 2011 12:00am

Engro Foods plans to raise Rs 675 million: IPO launch on July 5

Engro Foods plans to raise Rs 675 million: IPO launch on July 5

For its growing food business, Engro Foods aims to raise Rs 675 million through Initial Public Offering (IPO) of 27 million shares. The subscription will start on July 5 and end on July 7, 2011 at selected banks. The public offer of Rs 25 per share includ

Published 30 Jun, 2011 12:00am

Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Jun, 2011 12:00am

Engro Foods plans to raise Rs 675 million: IPO launch on July 5

Engro Foods plans to raise Rs 675 million: IPO launch on July 5

For its growing food business, Engro Foods aims to raise Rs 675 million through Initial Public Offering (IPO) of 27 million shares. The subscription will start on July 5 and end on July 7, 2011 at selected banks. The public offer of Rs 25 per share includ

Published 30 Jun, 2011 12:00am

BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Jun, 2011 12:00am

MTBs auction: bids worth Rs 122 billion received

MTBs auction: bids worth Rs 122 billion received

The last auction for the current fiscal year of Market Treasury Bills, held on Wednesday, attracted some Rs 122 billion worth bids. In response to the State Bank of Pakistan's tender for the sale of 3-month, 6-month & 12-month Government of Pakistan Marke

Published 30 Jun, 2011 12:00am

Presentation

Presentation

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

Published 30 Jun, 2011 12:00am

MTBs auction: bids worth Rs 122 billion received

MTBs auction: bids worth Rs 122 billion received

The last auction for the current fiscal year of Market Treasury Bills, held on Wednesday, attracted some Rs 122 billion worth bids. In response to the State Bank of Pakistan's tender for the sale of 3-month, 6-month & 12-month Government of Pakistan Marke

Published 30 Jun, 2011 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Pesco installs 132 KV Grid Station in Dara Peezu

Pesco installs 132 KV Grid Station in Dara Peezu

Peshawar Electric Supply Company (PESCO) has completed repair work on 132 KV Dara - Peezu Grid Station on war footing basis. The staff of the company has installed high power transformers and other machinery at 132 KV Dara Peezu Grid Station.

Published 30 Jun, 2011 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (June 29, 2011)

Published 30 Jun, 2011 12:00am

Pakistan, Turkey to exchange scientists

Pakistan, Turkey to exchange scientists

Ministry of Science and Technology and Turkish Cyprus on Wednesday decided to exchange scientists, researchers, technical experts and to organise joint workshops/seminars in order to expand mutual co-operation in the field of technology.

Published 30 Jun, 2011 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (June 29, 2011)

Published 30 Jun, 2011 12:00am

'Double-digit inflation to hit garment industry hard'

'Double-digit inflation to hit garment industry hard'

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has expressed fear that double-digit inflation would hit Pakistan garment industry hard in the absence of Drawback of Local Taxes and Levis (DLTL) scheme. The spokesman PREGMA stro

Published 30 Jun, 2011 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (June 29, 2011)

Published 30 Jun, 2011 12:00am

NBP Islamabad, Quetta regions go online

NBP Islamabad, Quetta regions go online

The National Bank of Pakistan (NBP) has recently converted its Islamabad and Quetta regions completely on-line. According to NBP here on Wednesday, this is in line with the bank's strategy to convert majority of its branches on-line by the end of this yea

Published 30 Jun, 2011 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

'Government to provide healthcare facilities to workers'

'Government to provide healthcare facilities to workers'

Punjab Labour Minister Haji Ehsaan-ud-Din Qureshi has said that government will provide state of the art health care facilities to the labourers and new social security hospitals would be setup and existing hospitals would be upgraded.

Published 30 Jun, 2011 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

LCCI organises seminar on 'Industrial wastewater treatment'

LCCI organises seminar on 'Industrial wastewater treatment'

Speakers at a seminar on Wednesday urged the government to collaborate with private sector in funding and developing infrastructure for wastewater treatment as acute water shortage has now started taking its toll. Speaking at a seminar on "Industrial wast

Published 30 Jun, 2011 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Unavailability of fertilisers: growers facing serious hardships

Unavailability of fertilisers: growers facing serious hardships

Growers are facing serious hardships due to unavailability and black marketing of fertilisers throughout the country particularly in the Southern Punjab, said President South Punjab, Kisan Board Pakistan (KBP), Malik Fayyaz Hussein Bhutta. He contacted th

Published 30 Jun, 2011 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

NICL scam probe: delay in IO's reposting irks apex court

NICL scam probe: delay in IO's reposting irks apex court

The Supreme Court on Wednesday expressed annoyance over delay in reposting Zafar Qureshi who was conducting investigation in National Insurance Company Limited (NICL) multibillion rupees scam on the apex court orders.

Published 30 Jun, 2011 12:00am

Bank: MCB BANK LIMITED - Analysis of Financial Statements - Financial Year 2009 - 1Q 2011

Bank: MCB BANK LIMITED - Analysis of Financial Statements - Financial Year 2009 - 1Q 2011

The past three years have been nothing short of a bumpy ride for the financial sector of Pakistan; with the mismatch in demand and supply stirring inflationary trends in the market reinforced by grave fiscal indiscipline there was little in the way of con

Published 30 Jun, 2011 12:00am

River Indus, Kabul and Ravi in low flood

River Indus, Kabul and Ravi in low flood

The Flood Warning Centre said on Wednesday that River Indus at Tarbela, River Kabul at Nowshera & River Ravi at Balloki are flowing in low flood level. River Indus is flowing with 2,54,000 cusecs at Tarbela, river Kabul 50,000 cusecs at Nowshera and river

Published 30 Jun, 2011 12:00am

Bank: MCB BANK LIMITED - Analysis of Financial Statements - Financial Year 2009 - 1Q 2011

Bank: MCB BANK LIMITED - Analysis of Financial Statements - Financial Year 2009 - 1Q 2011

The past three years have been nothing short of a bumpy ride for the financial sector of Pakistan; with the mismatch in demand and supply stirring inflationary trends in the market reinforced by grave fiscal indiscipline there was little in the way of con

Published 30 Jun, 2011 12:00am

Lecture on 'Hepatitis B & C' on July 1

Lecture on 'Hepatitis B & C' on July 1

Shaukat Khanum Memorial Cancer Hospital and Research Centre is organising a monthly CME (Continuing Medical Education) lecture on the topic of "Hepatitis B & C" for general medical practitioners on Friday. Dr Romena Qazi, who is serving as a full time Con

Published 30 Jun, 2011 12:00am

THE RUPEE: dollar lower

THE RUPEE: dollar lower

Firmness prevailed on the currency market on Wednesday as the rupee managed to recover slightly in relation to dollar, experts said. The rupee inched up versus the greenback, picking up three paisa for buying at 86.1 and gained five paisa for selling at 8

Published 30 Jun, 2011 12:00am

Energy conservation: bill to be tabled in next National Assembly session

Energy conservation: bill to be tabled in next National Assembly session

The Ministry of Water and Power has prepared Energy Conservation bill to be tabled in the next session of National Assembly to promote energy conservation. "There is no law for those who misuse energy in the country," said Managing Director Energy Conserv

Published 30 Jun, 2011 12:00am

THE RUPEE: dollar lower

THE RUPEE: dollar lower

Firmness prevailed on the currency market on Wednesday as the rupee managed to recover slightly in relation to dollar, experts said. The rupee inched up versus the greenback, picking up three paisa for buying at 86.1 and gained five paisa for selling at 8

Published 30 Jun, 2011 12:00am

LHC upholds decision of trial court

LHC upholds decision of trial court

A division bench of the Lahore High Court (LHC) here on Wednesday upheld the decision of trial court, which had awarded 14-year sentence each to two accused on charges of raping two Japanese girls. In 2007, Adil Maqsood and Fahad Butt along with three acc

Published 30 Jun, 2011 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Medical treatment abroad: LHC seeks record of Punjab government servants

Medical treatment abroad: LHC seeks record of Punjab government servants

The Lahore High Court on Wednesday sought record till July 11 of all those servants of Punjab government who had enjoyed medical treatment abroad at state expenses from 1997 till present. The court issued these directions to Punjab Health Department when

Published 30 Jun, 2011 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Propaganda against marketing firms: LPG body expresses concern

Propaganda against marketing firms: LPG body expresses concern

The LPG Association of Pakistan has noted with great concern the misleading propaganda being created against LPG marketing companies. The marketing companies have not raised prices by Rs 5 per kilo as is being claimed. Distributors are solely responsible

Published 30 Jun, 2011 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Muslims observe Shab-i-Meraj

Muslims observe Shab-i-Meraj

Shab-i-Meraj-un-Nabi was observed on Wednesday across the country with great respect and religious fervour. Special programmes of Mehfil-e-Naat and prayers were held at the mosques and houses. The Muslims every year on 27th of Rajab (Islamic calendar) obs

Published 30 Jun, 2011 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Purchase of transformers by Qesco: Pepco approval in violation of PPRA rules

Purchase of transformers by Qesco: Pepco approval in violation of PPRA rules

Pepco has approved Qesco's blatant violation of PPRA Rules on the plea that re-bidding for transformers would lead to cessation of assistance from Asian Development Bank (ADB).

Published 30 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 29, 2011).

Published 30 Jun, 2011 12:00am

Pildat demands right-sizing of Federal Cabinet

Pildat demands right-sizing of Federal Cabinet

Pakistan Institute of Legislative Development (Pildat) has demanded that the Federal Government should immediately right-size the cabinet and has questioned the Federal Cabinet's decision to retain 7 Federal Ministers despite devolving 7 Federal Ministrie

Published 30 Jun, 2011 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Devolved education sector budget: MoF official evades question on allocation disparity

Devolved education sector budget: MoF official evades question on allocation disparity

The finance ministry official, during a press briefing on Wednesday evaded question as to why the allocation for the devolved education sector was Rs 39.5 billion in the budget 2011-12 while it was Rs 34.5 billion in the budget 2010-11. The devolved minis

Published 30 Jun, 2011 12:00am

Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (June 29, 2011) and for Thursday (June 30, 2011).

Published 30 Jun, 2011 12:00am

Mustafa meets Changez

Mustafa meets Changez

Representative from Turkish Republic of Northern Cyprus (TRNC), Mustafa Evran called on Federal Minister for Science and Technology, Mir Changez Khan Jamali here on Wednesday. During the course of the meeting, Jamali apprised Mustafa Evran about the vario

Published 30 Jun, 2011 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Human rights violations worsen in Balochistan: HRCP

Human rights violations worsen in Balochistan: HRCP

Human rights violations in Balochistan are getting worse as militants and security forces target civilians, while authorities seem unwilling to rein in lawlessness, according to a report released on Wednesday. The Human Rights Commission of Pakistan (HRCP

Published 30 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 29, 2011).

Published 30 Jun, 2011 12:00am

Punjab government urged to end fishing contract system

Punjab government urged to end fishing contract system

Hirrak Development, an organisation working for the rights of an indigenous community of Sindh riverbed, Kehal/Mor, has urged the Punjab government to end fishing contract system and issue them special licenses for fishing in Indus River for their livelih

Published 30 Jun, 2011 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 Jun, 2011 12:00am

Development support to trainees: ACCA seeks to recognise, reward leading organisations

Development support to trainees: ACCA seeks to recognise, reward leading organisations

ACCA seeks to recognise and reward leading organisations that offer continual learning and development support to ACCA trainees. Having partnerships with over 8,500 employers across the world, ACCA Pakistan recently awarded Askari Bank Limited with Gold a

Published 30 Jun, 2011 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 Jun, 2011 12:00am

Power shortfall dips by 2,000 megawatts

Power shortfall dips by 2,000 megawatts

Electricity shortfall dipped from 5211MW to 3280MW on Wednesday due to drop in power demand after rains and increased production by hydel power units and Independent Power Producers. In its daily power situation report, PEPCO spokesman said that hydel, an

Published 30 Jun, 2011 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 29, 2011).

Published 30 Jun, 2011 12:00am

Government circles optimistic about release of stalled tranche: meeting with IMF not yet fixed

Government circles optimistic about release of stalled tranche: meeting with IMF not yet fixed

The dates for the next meeting between the International Monetary Fund (IMF) and Pakistan's economic team have not yet been finalised. Sources told Business Recorder here on Wednesday that meeting with the IMF mission is expected in the second half

Published 30 Jun, 2011 12:00am

The Weather

The Weather

The weather report on Wednesday (June 29, 2011) and the forecast for Thursday (June 30, 2011).

Published 30 Jun, 2011 12:00am

Militancy-hit areas: 'women have immense skills in embroidery'

Militancy-hit areas: 'women have immense skills in embroidery'

The two-day exhibition for products promotion of militancy-hit skilled house based women from Bajuar, Mohmand, and Khyber agencies under the aegis of Centre of Excellence for Rural Development, (CERD) in collaboration with UNHCR began here at Jalozai make

Published 30 Jun, 2011 12:00am

Osama's son seeks release of family in Pakistan

Osama's son seeks release of family in Pakistan

A son of Osama bin Laden said he is working with the United Nations to obtain his family's release from Pakistan after the US raid that killed the former al Qaeda leader in May. Omar bin Laden, who has written an autobiographical book, also said he doubte

Published 30 Jun, 2011 12:00am

'Punjab government taking measures to eliminate unemployment'

'Punjab government taking measures to eliminate unemployment'

Punjab Chief Minister, Shahbaz Sharif has said solid measures have been taken in the new budget for eliminating unemployment from the province. The chief minister said that besides offering loans to the unemployed youth, 20,000 yellow cabs would also be d

Published 30 Jun, 2011 12:00am

Low gas pressure: long queues witnessed at CNG stations

Low gas pressure: long queues witnessed at CNG stations

Long queues were witnessed at many CNG stations in the city due to the low gas pressure after opening two days gas holidays. While talking to Business Recorder Senior Vice -Chairman All Pakistan CNG Association Captain Shuja alleged that Sui Northe

Published 30 Jun, 2011 12:00am

Workshop on 'Possibilities of value addition in meat' held

Workshop on 'Possibilities of value addition in meat' held

Secretary General, Meat Exporters and Processors Association Syed Hassan Raza has stressed the need for improvement in the procedure of disbursement of livestock loans. He also said that benefit of the subsidies should reach the grassroots level farmers,

Published 30 Jun, 2011 12:00am

US gold moves higher

US gold moves higher

Gold edged higher on Tuesday, rising past $1,500 an ounce and snapping three sessions of declines, as hopes that Greece would pass unpopular austerity measures boosted the euro and fuelled investor risk appetite for commodities. Spot gold was up 0.2 perce

Published 30 Jun, 2011 12:00am

Shanghai copper soars

Shanghai copper soars

The most-active September copper contract on the Shanghai Futures Exchange closed nearly 1.4 percent higher at 68,080 yuan per tonne on Wednesday. Data on Wednesday showed that Japanese refined copper exports to China inched up 0.8 percent in May from Apr

Published 30 Jun, 2011 12:00am

Copper at two-month high

Copper at two-month high

Copper hit its highest in nearly two months on Wednesday as risk appetite improved following the safe passage through the Greek parliament of an austerity plan that may help save the country from bankruptcy. Three-month copper on the London Metal Exchange

Published 30 Jun, 2011 12:00am

Oil jumps three percent

Oil jumps three percent

Oil jumped as much as 3 percent on Wednesday, ending at the highest level in a week, as sharp drawdowns in US crude and gasoline stocks fed a rally spawned when Greece passed an austerity plan to avoid a sovereign debt default. Oil's surge mirrored moveme

Published 30 Jun, 2011 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 30 Jun, 2011 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 30 Jun, 2011 12:00am

Tokyo and Shanghai rubber up

Tokyo and Shanghai rubber up

Tokyo rubber futures rose on Wednesday as optimism about a solution to Greece's debt problems helped soothe worries about the global economy and the outlook for demand, and firmer oil prices provided additional support, dealers said. The benchmark rubber

Published 30 Jun, 2011 12:00am

New York sugar soars to 3-1/2 month high

New York sugar soars to 3-1/2 month high

Sugar prices closed up 4.2 percent at 3-1/2 month highs on Tuesday, on lower-than-expected crush data in top grower Brazil, while arabica coffee prices vaulted after a minor Brazilian coffee region was hit by frost. Cocoa settled up a shade in quiet trade

Published 30 Jun, 2011 12:00am

Malaysian palm oil up

Malaysian palm oil up

Malaysian palm oil futures rose 1.5 percent on Wednesday as traders continued to adjust their positions and eye strong export data after the market fell to an eight-month low earlier this week. Traders are on the lookout for Malaysia's June export data du

Published 30 Jun, 2011 12:00am

Liffe cocoa extends gains

Liffe cocoa extends gains

Liffe September cocoa ended 41 pounds higher at 1,959 pounds a tonne on Wednesday. Market extended recent bounce, trading above the 20-month low hit earlier in June. Liffe September robusta coffee ended $18 lower at $2,472 a tonne, trimming gains made on

Published 30 Jun, 2011 12:00am

Gold edges up in Asia

Gold edges up in Asia

Gold edged higher on Wednesday on optimism that Greece's parliament will approve an austerity plan later in the day, underpinning positive sentiment for bullion and other commodities. Light physical buying in Asia also helped support prices, although the

Published 30 Jun, 2011 12:00am

Pakistan committed to facilitating Afghan reconciliation process: Prime Minister

Pakistan committed to facilitating Afghan reconciliation process: Prime Minister

Prime Minister Syed Yousuf Raza Gilani said on Wednesday that Pakistan was committed to playing a facilitator's role in the Afghan reconciliation process for restoration of peace and stability in Afghanistan and the region. Talking to Australian Special E

Published 30 Jun, 2011 12:00am

Long outstanding dues of advertising agencies: APNS condemns delaying tactics

Long outstanding dues of advertising agencies: APNS condemns delaying tactics

The Executive Committee of the All Pakistan Newspapers Society at its meeting held on June 29, 2011 at Islamabad chaired by the Acting President Mehtab Khan adopted the following resolution: The Executive Committee of the All Pakistan Newspapers Society c

Published 30 Jun, 2011 12:00am

Workshop on power sector: electricity shortage attributed to rising circular debt

Workshop on power sector: electricity shortage attributed to rising circular debt

The US Agency for International Development (USAID) has expressed serious concern over the alarming rise in the inter-circular debt of energy sector due to which consumers are not being supplied power.

Published 30 Jun, 2011 12:00am

US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold rose on Wednesday, after the Greek parliament approved debt austerity measures that boosted the euro against the dollar and fuelled investor appetite for commodities and other riskier assets. Bullion's second straight day of gains partially offset re

Published 30 Jun, 2011 12:00am

Saleem Shehzad case probe: public asked to provide relevant material/information

Saleem Shehzad case probe: public asked to provide relevant material/information

The Secretary of the Judicial Commission on Syed Saleem Shehzad case has called upon the general public to provide any relevant information and/or material one may have that could help in the murder case investigation.

Published 30 Jun, 2011 12:00am

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World
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Currency	Rate
USD PKR Interbank Selling / Apr 4	280.53
USD PKR Interbank Buying / Apr 4	280.28
USD to Japanese Yen / Apr 4	146.01
USD to Swiss Franc / Apr 4	0.85
Pound Sterling to USD / Apr 4	1.30
Euro to USD / Apr 4	1.11
UK LIBOR % / Apr 3	4.96

Stock	Volume
S&P 500 / Apr 3	5,396.52
Nasdaq / Apr 3	16,550.61
Dow Jones / Apr 3	40,545.93
India Sensex / Apr 4	75,487.44
Tokyo Nikkei / Apr 4	33,780.58
Hang Seng / Apr 4	22,849.81
FTSE 100 / Apr 4	8,344.79
Germany DAX 30 / Apr 4	21,330.48
France CAC40 / Apr 4	7,490.34

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 3	17,085
Gold 10 Grams PKR / Apr 3	279,063
Crude Oil USD/Barrel / Apr 4	65.63
Gold Spot USD/Ounce / Apr 4	3,096.60
Cotton US¢/pound / Apr 4	63.50
Petrol/Litre / Apr 5	254.63
Diesel/Litre / Apr 5	258.64

Gainers
Losers
Leaders

Stock	Price
Oilboy Energy(R) / Apr 4 Oilboy Energy Limited(R)(OBOYR2)	3.41 ▲ 0.89 (35.32%)
Mughal Iron & Steel (R) / Apr 4 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	6.01 ▲ 1 (19.96%)
Chenab Ltd (Pref) / Apr 4 Chenab Limited (Pref)(CLCPS)	2.84 ▲ 0.33 (13.15%)
Nimir Resins / Apr 4 Nimir Resins Limited(NRSL)	32.86 ▲ 2.99 (10.01%)
PIA Holding Co.B / Apr 4 PIA Holding Company Limited B(PIAHCLB)	1,063.81 ▲ 96.71 (10%)
Philip Morris Pak. / Apr 4 Philip Morris (Pakistan) Limited(PMPK)	981.98 ▲ 89.27 (10%)
First Elite Cap.Mod / Apr 4 First Elite Capital Modaraba(FECM)	13.31 ▲ 1.21 (10%)
Adamjee Life Assur. / Apr 4 Adamjee Life Assurance Company Limited(ALIFE)	28.60 ▲ 2.6 (10%)
Amreli Steels / Apr 4 Amreli Steels Limited(ASTL)	23.53 ▲ 2.14 (10%)
Shakarganj / Apr 4 Shakarganj Limited(SML)	32.05 ▲ 2.91 (9.99%)

Stock	Price
Gammon Pak / Apr 4 Gammon Pakistan Limited(GAMON)	26.50 ▼ -2.67 (-9.15%)
Ellcot Spinning / Apr 4 Ellcot Spinning Mills Limited(ELSM)	108 ▼ -10.64 (-8.97%)
Parmount Sp. / Apr 4 Paramount Spinning Mills Limited(PASM)	3.66 ▼ -0.34 (-8.5%)
At-Tahur Ltd. / Apr 4 At-Tahur Limited(PREMA)	46.40 ▼ -3.93 (-7.81%)
Intermarket Securities / Apr 4 Intermarket Securities Limited(IMS)	60.01 ▼ -5.05 (-7.76%)
Shahtaj Sugar / Apr 4 Shahtaj Sugar Mills Limited(SHJS)	111 ▼ -8.92 (-7.44%)
Pak. P.V.C. / Apr 4 Pakistan PVC Limited(PPVC)	7.71 ▼ -0.59 (-7.11%)
Sally Textile / Apr 4 Sally Textile Mills Limited(SLYT)	10 ▼ -0.66 (-6.19%)
United Dist. / Apr 4 United Distributors Pakistan Limited(UDPL)	66.80 ▼ -4.39 (-6.17%)
Service Ind.Ltd / Apr 4 Service Industries Limited(SRVI)	1,125 ▼ -72.56 (-6.06%)

Stock	Volume
Cnergyico PK / Apr 4 Cnergyico PK Limited(CNERGY)	61,020,262 ▲ 0.16
Sui South Gas / Apr 4 Sui Southern Gas Company Limited(SSGC)	53,236,136 ▼ -1.31
Bank Al-Falah / Apr 4 Bank Alfalah Limited(BAFL)	43,379,116 ▼ -0.29
B.O.Punjab / Apr 4 The Bank of Punjab(BOP)	21,294,325 ▼ -0.04
Fauji Cement / Apr 4 Fauji Cement Company Limited(FCCL)	18,465,099 ▼ -0.22
Fauji Foods Ltd / Apr 4 Fauji Foods Limited(FFL)	16,920,923 ▼ -0.1
Power Cement / Apr 4 Power Cement Limited(POWER)	15,854,044 ▲ 0.11
Pak Elektron / Apr 4 Pak Elektron Limited(PAEL)	15,764,924 ▼ -1.62
Pak Refinery / Apr 4 Pakistan Refinery Limited(PRL)	15,048,060 ▼ -0.07
WorldCall Telecom / Apr 4 Worldcall Telecom Limited(WTL)	14,562,154 ▲ 0

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