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Print - 2011-09-16
Low steel use shows growth, investment potential

Low steel use shows growth, investment potential

Pakistan's per capita consumption of steel is very low as compared to the global average, indicating huge potential for growth and thereby investment, an official in the Engineering Development Board (EDB) said. Most of the countries have per capita consu
Published 16 Sep, 2011 12:00am
South Asian countries to promote power links

South Asian countries to promote power links

South Asian nations agreed on Thursday to work to promote closer energy links for electricity grids and power generation, a senior energy official said. Energy ministers from the South Asian Association for Regional Co-operation (SAARC) - bringing togethe
Published 16 Sep, 2011 12:00am
South Asian countries to promote power links

South Asian countries to promote power links

South Asian nations agreed on Thursday to work to promote closer energy links for electricity grids and power generation, a senior energy official said. Energy ministers from the South Asian Association for Regional Co-operation (SAARC) - bringing togethe
Published 16 Sep, 2011 12:00am
Rangers arrest JSQM chairman

Rangers arrest JSQM chairman

Pakistan Rangers (Sindh), during their routine snap checking on Thursday picked up Chairman Jeay Sindh Quami Mahaz (JSQM), Bashir Khan Qureshi from Gulshan-e-Hadeed in the limits of Steel Town police station.
Published 16 Sep, 2011 12:00am
Rangers arrest JSQM chairman

Rangers arrest JSQM chairman

Pakistan Rangers (Sindh), during their routine snap checking on Thursday picked up Chairman Jeay Sindh Quami Mahaz (JSQM), Bashir Khan Qureshi from Gulshan-e-Hadeed in the limits of Steel Town police station.
Published 16 Sep, 2011 12:00am
Reward offered in murder of Imran Farooq

Reward offered in murder of Imran Farooq

British police offered a reward of £20,000 (22,800 euros, $31,600) on Thursday for information about the murder of Pakistani politician Imran Farooq in London one year ago. The 50-year-old, a founding member of the Muttahida Qaumi Movement (MQM), was atta
Published 16 Sep, 2011 12:00am
Reward offered in murder of Imran Farooq

Reward offered in murder of Imran Farooq

British police offered a reward of £20,000 (22,800 euros, $31,600) on Thursday for information about the murder of Pakistani politician Imran Farooq in London one year ago. The 50-year-old, a founding member of the Muttahida Qaumi Movement (MQM), was atta
Published 16 Sep, 2011 12:00am
US names Indian Mujahideen to terror blacklist

US names Indian Mujahideen to terror blacklist

The United States named the Indian Mujahideen (IM) to its official blacklist of foreign terrorist organisations on Thursday, saying it has killed hundreds of innocent civilians in attacks dating back to 2005.
Published 16 Sep, 2011 12:00am
US names Indian Mujahideen to terror blacklist

US names Indian Mujahideen to terror blacklist

The United States named the Indian Mujahideen (IM) to its official blacklist of foreign terrorist organisations on Thursday, saying it has killed hundreds of innocent civilians in attacks dating back to 2005.
Published 16 Sep, 2011 12:00am
E&P sector's profitability up by 18 percent in fiscal year 2011

E&P sector's profitability up by 18 percent in fiscal year 2011

Higher global crude oil prices, slightly improved hydrocarbon production and restricted exploration expense reflected positively on E&P sector's profitability in FY11, analysts said. The E&P sector's profitability increased by 18 percent to Rs 105.8 billi
Published 16 Sep, 2011 12:00am
E&P sector's profitability up by 18 percent in fiscal year 2011

E&P sector's profitability up by 18 percent in fiscal year 2011

Higher global crude oil prices, slightly improved hydrocarbon production and restricted exploration expense reflected positively on E&P sector's profitability in FY11, analysts said. The E&P sector's profitability increased by 18 percent to Rs 105.8 billi
Published 16 Sep, 2011 12:00am
E&P sector''s profitability up by 18 percent in fiscal year 2011

E&P sector''s profitability up by 18 percent in fiscal year 2011

Higher global crude oil prices, slightly improved hydrocarbon production and restricted exploration expense reflected positively on E&P sector''s profitability in FY11, analysts said. The E&P sector''s profitability increased by 18 percent to Rs 105.8 bil
Published 16 Sep, 2011 12:00am
Benghazi gives heroes' welcome to Sarkozy, Cameron

Benghazi gives heroes' welcome to Sarkozy, Cameron

As soon as the helicopter carrying the French and British leaders was spotted, the crowd in Benghazi, the cradle of the Libyan revolution, broke into a frenzy chanting: "One. Two. Three. Viva Sarkozy." From early morning, the centre of the eastern city wh
Published 16 Sep, 2011 12:00am
Benghazi gives heroes' welcome to Sarkozy, Cameron

Benghazi gives heroes' welcome to Sarkozy, Cameron

As soon as the helicopter carrying the French and British leaders was spotted, the crowd in Benghazi, the cradle of the Libyan revolution, broke into a frenzy chanting: "One. Two. Three. Viva Sarkozy." From early morning, the centre of the eastern city wh
Published 16 Sep, 2011 12:00am
Government negligence blamed for dengue outbreaks

Government negligence blamed for dengue outbreaks

The outbreak of dengue fever in the country has been blamed on government's negligence, as it failed to spray pre-qualified insecticides timely. Had the government sprayed pre-qualified insecticides in July, the danger outbreak could have been averted to
Published 16 Sep, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Sep, 2011 12:00am
Government negligence blamed for dengue outbreaks

Government negligence blamed for dengue outbreaks

The outbreak of dengue fever in the country has been blamed on government's negligence, as it failed to spray pre-qualified insecticides timely. Had the government sprayed pre-qualified insecticides in July, the danger outbreak could have been averted to
Published 16 Sep, 2011 12:00am
Kabul says attackers contacted people outside country

Kabul says attackers contacted people outside country

Mobile telephones used by the six attackers who fought off Western and Afghan forces for 20 hours in this week's attack on Kabul showed they were in touch with people outside the country during the siege, the interior minister said on Thursday.
Published 16 Sep, 2011 12:00am
Kabul says attackers contacted people outside country

Kabul says attackers contacted people outside country

Mobile telephones used by the six attackers who fought off Western and Afghan forces for 20 hours in this week's attack on Kabul showed they were in touch with people outside the country during the siege, the interior minister said on Thursday.
Published 16 Sep, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 16 Sep, 2011 12:00am
Pakistan foreign exchange reserves fall to $17.79 billion

Pakistan foreign exchange reserves fall to $17.79 billion

Foreign exchange reserves fell to $17.79 billion in the week ending September 10, from $18.06 billion in the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) fell to $14.34 billion from $14.60 billion, wh
Published 16 Sep, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Sep, 2011 12:00am
Pakistan foreign exchange reserves fall to $17.79 billion

Pakistan foreign exchange reserves fall to $17.79 billion

Foreign exchange reserves fell to $17.79 billion in the week ending September 10, from $18.06 billion in the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) fell to $14.34 billion from $14.60 billion, wh
Published 16 Sep, 2011 12:00am
Board meetings in progress

Board meetings in progress

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

Published 16 Sep, 2011 12:00am
Pakistan foreign exchange reserves fall to $17.79 billion

Pakistan foreign exchange reserves fall to $17.79 billion

Foreign exchange reserves fell to $17.79 billion in the week ending September 10, from $18.06 billion in the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) fell to $14.34 billion from $14.60 billion, wh
Published 16 Sep, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Sep, 2011 12:00am
FDI declines by 40 percent

FDI declines by 40 percent

The Foreign Direct Investment (FDI) has fall by 40 percent during the first two months (July-August) of current fiscal year mainly due to lack of foreign investors' interest owing to adverse law & order situation, besides energy crisis, which is unsolved
Published 16 Sep, 2011 12:00am
FDI declines by 40 percent

FDI declines by 40 percent

The Foreign Direct Investment (FDI) has fall by 40 percent during the first two months (July-August) of current fiscal year mainly due to lack of foreign investors' interest owing to adverse law & order situation, besides energy crisis, which is unsolved
Published 16 Sep, 2011 12:00am
FDI declines by 40 percent

FDI declines by 40 percent

The Foreign Direct Investment (FDI) has fall by 40 percent during the first two months (July-August) of current fiscal year mainly due to lack of foreign investors'' interest owing to adverse law & order situation, besides energy crisis, which is unsolved
Published 16 Sep, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
Date for payment of tax for August extended

Date for payment of tax for August extended

The Federal Board of Revenue has extended the date for payment of tax/duty for the tax period of August 2011. In a letter issued here Thursday, the Inland Revenue Wing of the FBR has communicated to all the Chief Commissioners of LTUs and RTOs that the da
Published 16 Sep, 2011 12:00am
Date for payment of tax for August extended

Date for payment of tax for August extended

The Federal Board of Revenue has extended the date for payment of tax/duty for the tax period of August 2011. In a letter issued here Thursday, the Inland Revenue Wing of the FBR has communicated to all the Chief Commissioners of LTUs and RTOs that the da
Published 16 Sep, 2011 12:00am
Date for payment of tax for August extended

Date for payment of tax for August extended

The Federal Board of Revenue has extended the date for payment of tax/duty for the tax period of August 2011. In a letter issued here Thursday, the Inland Revenue Wing of the FBR has communicated to all the Chief Commissioners of LTUs and RTOs that the da
Published 16 Sep, 2011 12:00am
Altaf phones Zardari, inquires after his health

Altaf phones Zardari, inquires after his health

Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Thursday phoned President Asif Ali Zardari and inquired after his health. The president thanked Altaf Hussain for the gesture, spokesperson to the president Farhatullah Babar said. The two leaders disc
Published 16 Sep, 2011 12:00am
188,155 arms licenses issued in 10 years: Wasan

188,155 arms licenses issued in 10 years: Wasan

Sindh Home Minister Manzoor Hussain Wasan has said that the Sindh Home Department has issued as many as 1,88,155 arms licenses during last 10-years, while 7,11,231 arms licenses were issued from 1947 to 2000. He was taking to media at his office on Thursd
Published 16 Sep, 2011 12:00am
THE RUPEE: dollar at Rs 88 in open market

THE RUPEE: dollar at Rs 88 in open market

The rupee crossed the barrier of 88 in relation to the dollar in the open market dealings on Thursday amid strong demand for the US currency by the importers to meet the payment requirements, dealers said. Commenting on the fresh decline of the rupee, Mal
Published 16 Sep, 2011 12:00am
More rains expected in upper parts of country

More rains expected in upper parts of country

The Met Office on Thursday said that more rains were expected in the upper parts of the country in the next 36 hours. In its fresh weather advisory, the Met office says that the prevailing westerly wave caused scattered rains in upper Khyber Pakhtunkhwa (
Published 16 Sep, 2011 12:00am
THE RUPEE: dollar at Rs 88 in open market

THE RUPEE: dollar at Rs 88 in open market

The rupee crossed the barrier of 88 in relation to the dollar in the open market dealings on Thursday amid strong demand for the US currency by the importers to meet the payment requirements, dealers said. Commenting on the fresh decline of the rupee, Mal
Published 16 Sep, 2011 12:00am
Spain's highest military award conferred on General Kayani

Spain's highest military award conferred on General Kayani

Chief of the Army Staff (CoAS) General Ashfaq Parvez Kayani visited Spanish Joint Staff Headquarters, Madrid on Thursday. According to ISPR, the CoAS has had meetings with Spanish Defence Minister Ms Carme Chacon and other defence and military officials,
Published 16 Sep, 2011 12:00am
LCCI elections: traders announce support for PIAF-Founders Alliance

LCCI elections: traders announce support for PIAF-Founders Alliance

Traders of Shahalam Market, PASPIDA and Anjuman-e-Tajran Badami Bagh have said they will support PIAF-Founders Alliance in the forthcoming elections of LCCI Corporate & Associate Classes being held on September 20th and 21st respectively.
Published 16 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
Musharraf condemns Dir blast

Musharraf condemns Dir blast

President All Pakistan Muslim League (APML) and former president of Pakistan, Pervez Musharraf has strongly condemned the Dir bomb blast on Thursday, which caused loss of precious lives. He urged his fellow Pakistanis to remain united in the country's fig
Published 16 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
Rare poetry books to be launched tomorrow

Rare poetry books to be launched tomorrow

Pakistan Intellectual Forum (PIF) will hold the launching ceremony of three rare poetry books of a famous poetess Rukhsana "Rukh" Soomro, on September 17 at the auditorium of Preston University, here.
Published 16 Sep, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
Workshop on rural sanitation improvement held

Workshop on rural sanitation improvement held

The workshop for "Early Recovery Programme for Rural Sanitation in flood-affected districts of Pakistan, Phase III," was held here on Thursday to increase mutual understanding between the partners and government officials to improve sanitation coverage in
Published 16 Sep, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
Sixty suspects arrested during search operations

Sixty suspects arrested during search operations

Law Enforcement Agencies (LEAs) on Thursday have detained sixty suspects during search operations in different areas of the city and recovered illegaal arms from their possession Investigation Department (CID), Sindh police, has claimed to arrest an alleg
Published 16 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 16 Sep, 2011 12:00am
Customs' DEC seizes 16.6kg heroin

Customs' DEC seizes 16.6kg heroin

Pakistan Customs Drug Enforcement Cell (DEC), Karachi Airport Unit seized 16.1 kg fine quality heroin from a hand bag at Jinnah International Airport. According to details, Customs Drug Enforcement Cell (DEC) staff while pursuing a secret information, int
Published 16 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 16 Sep, 2011 12:00am
Nepra cuts KESC tariff by 65 paisas per unit

Nepra cuts KESC tariff by 65 paisas per unit

The National Electric Power Regulatory Authority (Nepra) has approved a 65 paisas per unit cut in Karachi Electric Supply Company's (KESC) tariff. The new tariff will be applicable to all consumers, barring lifeline consumers. A meeting of the authority w
Published 16 Sep, 2011 12:00am
The Weather

The Weather

The weather report on Thursday (September 15, 2011) and the forecast for Friday (September 16, 2011).

Published 16 Sep, 2011 12:00am
Punjab Assembly to hold unified session today

Punjab Assembly to hold unified session today

Punjab Assembly in its 30th session on Thursday decided to hold a unified session on spread of dengue fever in Punjab on Friday (today). Opposition leader Raja Riaz said that they were willing to help government curb dengue fever. He further said that the
Published 16 Sep, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper closed higher on Thursday, lifted by bullish hopes a funding plan to help European banks would restore confidence in the global economy and boost spending on industrial commodities. Gains spanned the broader base metals complex, helping most market
Published 16 Sep, 2011 12:00am
Tokyo rubber steadies; Shanghai up

Tokyo rubber steadies; Shanghai up

Key Tokyo rubber futures were steady on Thursday, supported by firmer stocks and Shanghai futures, though they trimmed earlier gains as oil prices slid on concerns about US demand. The benchmark rubber contract on the Tokyo Commodity Exchange for February
Published 16 Sep, 2011 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian palm oil futures hit a near six-week high on Thursday, boosted by currencies and firmer crude prices, although concerns over falling exports and lingering economic uncertainty capped gains. Benchmark November palm oil on the Bursa Malaysia Deriv
Published 16 Sep, 2011 12:00am
US wheat snaps losing streak

US wheat snaps losing streak

US wheat futures firmed in subdued trading on Wednesday on early short covering, snapping a six-session losing streak, but broader economic worries limited interest in follow-through buying. Corn futures also edged higher, underpinned by light commercial
Published 16 Sep, 2011 12:00am
Sugar mixed

Sugar mixed

ICE raw sugar futures settled mixed on Thursday, after failing to reach 30 cents in dealings inspired by October options, which expire at the end of the day, while cocoa fell deeper to multimonth lows on origin selling. Arabica coffee futures took a late-
Published 16 Sep, 2011 12:00am
US gold plunges

US gold plunges

Gold fell on Wednesday as urgent efforts to end the eurozone crisis drew investors back toward riskier markets. Spot gold was last down 0.7 percent at $1,821.10 an ounce by 2:49 pm EDT (1849 GMT). US gold futures for December delivery settled down $3.60 a
Published 16 Sep, 2011 12:00am
Gold slips in Asia

Gold slips in Asia

Gold slipped 1 percent in volatile trade on Thursday after equities rose on optimism over tentative steps by European policy makers to resolve and limit the region's debt crisis. Spot gold fell $12.01 to $1,808.09 an ounce by 0607 GMT, extending losses fr
Published 16 Sep, 2011 12:00am
Gold tumbles in Europe

Gold tumbles in Europe

Gold fell to its lowest since late August on Thursday after signs that eurozone leaders are committed to keeping Greece in the euro ignited investor appetite for riskier assets at the expense of perceived safe havens, including German debt.
Published 16 Sep, 2011 12:00am
US MIDDAY: grains tumble

US MIDDAY: grains tumble

US grain and soyabean futures tumbled on Thursday on active fund selling after easing worries about crop-damaging frost in the US Midwest pushed prices below key technical levels, accelerating liquidation. Corn fell nearly 3 percent and soyabeans shed abo
Published 16 Sep, 2011 12:00am
Pakistani-Americans urged to support flood-relief efforts

Pakistani-Americans urged to support flood-relief efforts

The Pakistani embassy in Washington has appealed to the expatriate community in the United States to support Islamabad's challenging effort in providing relief to millions of flood-affected people in Sindh in the wake of incessant rains. The message to Pa
Published 16 Sep, 2011 12:00am
Flood victims: PIA employees to donate one-day salary

Flood victims: PIA employees to donate one-day salary

Due to the devastating rains/floods particularly in Sindh and other parts of Country PIA has activated its Emergency Response Centre (ERC) and will uplift relief goods free of cost from PIA stations in Pakistan and abroad. This was stated by Managing Dire
Published 16 Sep, 2011 12:00am
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