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Print - 2011-07-20
Youngest and first woman in job

Youngest and first woman in job

Hina Rabbani Khar became Pak-istan''s young-est and the first woman Federal Minister for Foreign Affairs after she took oath of office here Tuesday. "On the advice of Prime Minister Syed Yusuf Raza Gilani, the President of Pakistan has decided to elevate
Published 20 Jul, 2011 12:00am
Murdoch attacked as defends self to UK parliament

Murdoch attacked as defends self to UK parliament

Rupert Murdoch was attacked by a protester on Tuesday while giving evidence to a British parliamentary committee at which he defended his son and his company over a scandal that has rocked the British establishment.
Published 20 Jul, 2011 12:00am
Murdoch attacked as defends self to UK parliament

Murdoch attacked as defends self to UK parliament

Rupert Murdoch was attacked by a protester on Tuesday while giving evidence to a British parliamentary committee at which he defended his son and his company over a scandal that has rocked the British establishment.
Published 20 Jul, 2011 12:00am
Ebad calls on Zardari

Ebad calls on Zardari

Sindh Governor Dr Ishratul Ebad Khan called on President Asif Ali Zardari at Bilawal House here late Tuesday night. The President welcomed Governor Sindh on resuming his duties as Governor Sindh and expressed the hope that it will boost reconciliation eff
Published 20 Jul, 2011 12:00am
Ebad calls on Zardari

Ebad calls on Zardari

Sindh Governor Dr Ishratul Ebad Khan called on President Asif Ali Zardari at Bilawal House here late Tuesday night. The President welcomed Governor Sindh on resuming his duties as Governor Sindh and expressed the hope that it will boost reconciliation eff
Published 20 Jul, 2011 12:00am
Equities recover on LSE

Equities recover on LSE

Equities on Tuesday staged recovery amid bullish sentiments on Lahore Stock Exchange following fresh entries in the oil and banking sector shares. The LSE-25 Index improved by 57.30 points to close at 3175.16 against 3117.86 of Monday while transaction vo
Published 20 Jul, 2011 12:00am
Equities recover on LSE

Equities recover on LSE

Equities on Tuesday staged recovery amid bullish sentiments on Lahore Stock Exchange following fresh entries in the oil and banking sector shares. The LSE-25 Index improved by 57.30 points to close at 3175.16 against 3117.86 of Monday while transaction vo
Published 20 Jul, 2011 12:00am
Equities fluctuate on ISE

Equities fluctuate on ISE

Equities moved both ways at Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of the hot favourite amid increase in index. ISE Ten Index showed an improvement of 46.04 points as the ISE Ten Index moved from 2,725.98
Published 20 Jul, 2011 12:00am
Equities fluctuate on ISE

Equities fluctuate on ISE

Equities moved both ways at Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of the hot favourite amid increase in index. ISE Ten Index showed an improvement of 46.04 points as the ISE Ten Index moved from 2,725.98
Published 20 Jul, 2011 12:00am
US charges two for illegal lobbying for Pakistan

US charges two for illegal lobbying for Pakistan

Two US citizens have been charged with illegally lobbying the United States for the Pakistani government and its spy agency over the disputed territory of Kashmir, US authorities said on Tuesday.
Published 20 Jul, 2011 12:00am
US charges two for illegal lobbying for Pakistan

US charges two for illegal lobbying for Pakistan

Two US citizens have been charged with illegally lobbying the United States for the Pakistani government and its spy agency over the disputed territory of Kashmir, US authorities said on Tuesday.
Published 20 Jul, 2011 12:00am
Dates yet to be set: IMF

Dates yet to be set: IMF

The International Monetary Fund (IMF) on Tuesday officially confirmed that the dates for the next IMF mission's visit to Pakistan have yet to be finalised. According to a statement issued by the IMF Islamabad office here, "The dates for the next visit by
Published 20 Jul, 2011 12:00am
Dates yet to be set: IMF

Dates yet to be set: IMF

The International Monetary Fund (IMF) on Tuesday officially confirmed that the dates for the next IMF mission's visit to Pakistan have yet to be finalised. According to a statement issued by the IMF Islamabad office here, "The dates for the next visit by
Published 20 Jul, 2011 12:00am
Dates yet to be set: IMF

Dates yet to be set: IMF

The International Monetary Fund (IMF) on Tuesday officially confirmed that the dates for the next IMF mission''s visit to Pakistan have yet to be finalised. According to a statement issued by the IMF Islamabad office here, "The dates for the next visit by
Published 20 Jul, 2011 12:00am
PN plane crashes in NRL premises

PN plane crashes in NRL premises

An Unmanned Aerial Vehicle (UAV) of Pakistan Navy was crashed in the premises of National Refinery Limited (NRL) in Korangi area here Tuesday. According to Pakistan Navy sources, the UAV, named as 'Uqab', crashed in the premises of the refinery after its
Published 20 Jul, 2011 12:00am
PN plane crashes in NRL premises

PN plane crashes in NRL premises

An Unmanned Aerial Vehicle (UAV) of Pakistan Navy was crashed in the premises of National Refinery Limited (NRL) in Korangi area here Tuesday. According to Pakistan Navy sources, the UAV, named as 'Uqab', crashed in the premises of the refinery after its
Published 20 Jul, 2011 12:00am
Minister speaks about gas theft cases

Minister speaks about gas theft cases

There is no particular law to deal with gas theft cases and about 12 percent gas theft is also adding to the gas load-management in all sectors including domestic consumers along with industrial units. This was stated by Minister for Petroleum and Natural
Published 20 Jul, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 20 Jul, 2011 12:00am
Minister speaks about gas theft cases

Minister speaks about gas theft cases

There is no particular law to deal with gas theft cases and about 12 percent gas theft is also adding to the gas load-management in all sectors including domestic consumers along with industrial units. This was stated by Minister for Petroleum and Natural
Published 20 Jul, 2011 12:00am
Minister speaks about gas theft cases

Minister speaks about gas theft cases

There is no particular law to deal with gas theft cases and about 12 percent gas theft is also adding to the gas load-management in all sectors including domestic consumers along with industrial units. This was stated by Minister for Petroleum and Natural
Published 20 Jul, 2011 12:00am
Gold surged to all-time high price

Gold surged to all-time high price

The prices of gold on Tuesday surged to an all-time high of Rs 51,150 per tola after the global market climbed to a new peak of $1,605 an ounce, traders said. The prices of gold reached Rs 51,150 up from Rs 50,850 per tola on the local market after the in
Published 20 Jul, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 20 Jul, 2011 12:00am
Gold surged to all-time high price

Gold surged to all-time high price

The prices of gold on Tuesday surged to an all-time high of Rs 51,150 per tola after the global market climbed to a new peak of $1,605 an ounce, traders said. The prices of gold reached Rs 51,150 up from Rs 50,850 per tola on the local market after the in
Published 20 Jul, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Jul, 2011 12:00am
Gold surged to all-time high price

Gold surged to all-time high price

The prices of gold on Tuesday surged to an all-time high of Rs 51,150 per tola after the global market climbed to a new peak of $1,605 an ounce, traders said. The prices of gold reached Rs 51,150 up from Rs 50,850 per tola on the local market after the in
Published 20 Jul, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Jul, 2011 12:00am
ECC to consider customs tariff rationalisation plan

ECC to consider customs tariff rationalisation plan

The Economic Co-ordination Committee (ECC) of the Cabinet will consider customs tariff rationalisation plan of Commerce Ministry, comprising immediate cut in all textile and clothing tariff to a maximum of 10 percent.
Published 20 Jul, 2011 12:00am
ECC to consider customs tariff rationalisation plan

ECC to consider customs tariff rationalisation plan

The Economic Co-ordination Committee (ECC) of the Cabinet will consider customs tariff rationalisation plan of Commerce Ministry, comprising immediate cut in all textile and clothing tariff to a maximum of 10 percent.
Published 20 Jul, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (July 19, 2011).

Published 20 Jul, 2011 12:00am
ECC to consider customs tariff rationalisation plan

ECC to consider customs tariff rationalisation plan

The Economic Co-ordination Committee (ECC) of the Cabinet will consider customs tariff rationalisation plan of Commerce Ministry, comprising immediate cut in all textile and clothing tariff to a maximum of 10 percent.
Published 20 Jul, 2011 12:00am
Sales tax returns filing date: experts question restrictive extension

Sales tax returns filing date: experts question restrictive extension

Tax experts have raised a question as to why the limited extension in filing of sales tax return date has been restricted to Karachi and Hyderabad. The experts told Business Recorder on Tuesday that restrictive extension in sales tax returns filing
Published 20 Jul, 2011 12:00am
Sales tax returns filing date: experts question restrictive extension

Sales tax returns filing date: experts question restrictive extension

Tax experts have raised a question as to why the limited extension in filing of sales tax return date has been restricted to Karachi and Hyderabad. The experts told Business Recorder on Tuesday that restrictive extension in sales tax returns filing
Published 20 Jul, 2011 12:00am
Sales tax returns filing date: experts question restrictive extension

Sales tax returns filing date: experts question restrictive extension

Tax experts have raised a question as to why the limited extension in filing of sales tax return date has been restricted to Karachi and Hyderabad. The experts told Business Recorder on Tuesday that restrictive extension in sales tax returns filing
Published 20 Jul, 2011 12:00am
Visiting Gurdwara: concerns voiced over prohibiting Sikhs

Visiting Gurdwara: concerns voiced over prohibiting Sikhs

Supreme Court Bar Association President, Asma Jahangir has condemned prohibiting of Pakistani Sikhs from visiting Lahore Gurdwara, and urged Punjab chief minister to take notice of the illegal act. Ms. Jahangir said the Sikh community has been performing
Published 20 Jul, 2011 12:00am
FBR may introduce 'annual summarised WHT statement'

FBR may introduce 'annual summarised WHT statement'

The Federal Board of Revenue is finalising a number of proposals to check withholding agents' non-compliance through introduction of 'Annual Summarised Withholding Tax Statement' for all the transactions on which tax is collected or deducted at source.
Published 20 Jul, 2011 12:00am
Khar, French envoy discuss bilateral issues

Khar, French envoy discuss bilateral issues

Minister of State for Foreign Affairs Hina Rabbani Khar received the French Ambassador Daniel Jouanneau at the Foreign Office here on Tuesday. They discussed a range of bilateral issues and noted that the recent visit of Prime Minister to France had helpe
Published 20 Jul, 2011 12:00am
THE RUPEE: dollar falls

THE RUPEE: dollar falls

The rupee managed to recover against dollar on the currency market on Tuesday as US currency supply eased in process of trading, dealers said.
Published 20 Jul, 2011 12:00am
THE RUPEE: dollar falls

THE RUPEE: dollar falls

The rupee managed to recover against dollar on the currency market on Tuesday as US currency supply eased in process of trading, dealers said.
Published 20 Jul, 2011 12:00am
'Government fails yet again to establish its writ'

'Government fails yet again to establish its writ'

Karachi Electric Supply Company has condemned the anti Karachi actions of the defunct union as they once again blocked movement of critical repair material from KESC's central store. KESC central is the main supply source of repair and maintenance materia
Published 20 Jul, 2011 12:00am
President PSF arrested

President PSF arrested

Lahore police have arrested President Peoples Students Federation (PSF), Tanvir Khakwani along with two accomplices on Monday. According to the Police Station Factory Area, Khakwani was wanted in different cases including murder of five people. Police arr
Published 20 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 19, 2011).

Published 20 Jul, 2011 12:00am
Ahead of Ramazan: prices of vegetables, fruits start climbing up

Ahead of Ramazan: prices of vegetables, fruits start climbing up

Vegetables and fruits prices have started climbing up ahead of Ramazan and the retailers expressed fear that onion may become much dearer in couples of days. They said that consumption of onion, green chili, tomato, potato and fruits increases during Rama
Published 20 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 19, 2011).

Published 20 Jul, 2011 12:00am
'Pak-India dialogue to help build mutual trust'

'Pak-India dialogue to help build mutual trust'

Foreign Minister Hina Rabbani Khar has stressed that the dialogue process between Pakistan and India should be uninterrupted, uninterruptible and result-oriented to help build trust between the two countries.
Published 20 Jul, 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 (July 19, 2011).

Published 20 Jul, 2011 12:00am
Iraq and Iran issue border demands after clashes

Iraq and Iran issue border demands after clashes

Iran must respect its borders with Iraq, authorities in Iraqi Kurdistan said on Tuesday, after Tehran's forces clashed with Iranian Kurdish rebels leaving several people dead. Iranian security officials, however, fired back by demanding that Iraq prevent
Published 20 Jul, 2011 12:00am
Yuan rises

Yuan rises

The yuan ended up against the dollar on Tuesday, even after the People's Bank of China set a marginally lower mid-point, as the dollar index dropped in early European trade. Spot yuan finished at 6.4634 on Tuesday, up from Monday's close of 6.4687. It has
Published 20 Jul, 2011 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling rose against the dollar on Tuesday, helped by a recovery in equities and with traders citing sovereign demand for the currency, but UK exposure to the eurozone debt crisis was seen hampering the pound's progress. Traders said sentiment was helped
Published 20 Jul, 2011 12:00am
Euro steadies in Asia

Euro steadies in Asia

The euro held steady on Tuesday, taking a breather after its slide to a record low versus the Swiss franc the previous day, but is still vulnerable to fears that Europe's debt crisis could worsen. The single currency stabilised versus the dollar after hav
Published 20 Jul, 2011 12:00am
Euro strengthens in London

Euro strengthens in London

The euro strengthened on Tuesday as debt yields of some peripheral eurozone countries retreated, but the bounce could run out of steam if a solution to Greece's debt problem is not found at an EU summit later this week. Traders said official Asian and Rus
Published 20 Jul, 2011 12:00am
Early trade in New York: euro rises broadly

Early trade in New York: euro rises broadly

The euro rose on Tuesday as debt yields of some peripheral eurozone countries eased ahead of an EU summit later this week on expectations a solution to Greece's debt problem may be reached. The dollar briefly recovered against the yen after a government r
Published 20 Jul, 2011 12:00am
Euro tumbles in New York

Euro tumbles in New York

The euro fell against the dollar and hit a record low against the Swiss franc on Monday, while more losses could be in store on concerns the eurozone debt crisis will worsen. While a stalemate in Washington over raising the nation's $14.3 trillion borrowi
Published 20 Jul, 2011 12:00am
Indian rupee strengthens

Indian rupee strengthens

The Indian rupee strengthened on Tuesday, tracking gains in domestic equities and the euro's recovery, with the market now focusing on a eurozone leaders meeting on Thursday where they will try to agree on a second rescue package for Greece.
Published 20 Jul, 2011 12:00am
Baht, peso move higher

Baht, peso move higher

The Thai baht and the Philippine peso on Tuesday led gains in their peers on continuous bond inflows to Asia, while investors remained reluctant to add more positions in the regional units on default threats in the eurozone and the United States.
Published 20 Jul, 2011 12:00am
Money markets: banks turn to ECB funds

Money markets: banks turn to ECB funds

Eurozone banks' borrowing from the European Central Bank surged on Tuesday as uncertainty over how leaders would tackle the debt crisis at this week's summit spilled over into money markets, prompting more banks to rely on the region's emergency buffers.
Published 20 Jul, 2011 12:00am
Libyan rebels encircled Brega

Libyan rebels encircled Brega

Libyan rebels have encircled the eastern oil hub of Brega and are in control of parts of the town, whose capture would mark a major boost for the insurgents' campaign to oust Muammar Qadhafi, a rebel spokesman said. Insurgents were dug in to the south and
Published 20 Jul, 2011 12:00am
EU agrees to bury nuclear waste in secure bunkers

EU agrees to bury nuclear waste in secure bunkers

Radioactive waste from Europe's 143 nuclear reactors must in future be buried in secure bunkers, ministers from EU member states agreed on Tuesday. The new rules force national nuclear authorities to draw up disposal plans by 2015, which will be vetted by
Published 20 Jul, 2011 12:00am
Syrian forces kill 13 civilians in Homs

Syrian forces kill 13 civilians in Homs

Syrian security forces shot dead 13 civilians on Monday and Tuesday in the central protest hub city of Homs, rights activist Rami Abdel Rahman told AFP. "Thirteen civilians were killed yesterday and today in several parts of Homs when the army opened fire
Published 20 Jul, 2011 12:00am
Israeli navy seizes Gaza-bound yacht

Israeli navy seizes Gaza-bound yacht

The Israeli navy seized a French yacht carrying pro-Palestinian activists heading for the blockaded Gaza Strip on Tuesday and forced it to go to Israel's Ashdod port.
Published 20 Jul, 2011 12:00am
Last US space shuttle leaves station

Last US space shuttle leaves station

The last US space shuttle departed the International Space Station on Tuesday, ending a 12-year program to build and service the orbital outpost, the primary legacy of NASA's shuttle fleet. Shuttle Atlantis commander Chris Ferguson and pilot Doug Hurley g
Published 20 Jul, 2011 12:00am