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Print - 2011-09-29
14th AGM of OGDC held

14th AGM of OGDC held

Muhammad Ejaz Chaudhry, Secretary Petroleum and Natural Resources and Chairman Board of Directors of OGDCL presided over the 14th Annual General Meeting of the members of Oil and Gas Development Company Limited. The members of the company approved minutes
Published 29 Sep, 2011 12:00am
Rabbani's assassination

Rabbani's assassination

On the face of it, the assassination of Professor Burhanuddin Rabbani is a serious blow to what is commonly known as the nascent peace process in Afghanistan. He was killed by a Taliban emissary (the Afghan Taliban has now backtracked on its initial claim
Published 29 Sep, 2011 12:00am
Reduction in growth targets

Reduction in growth targets

Informed sources revealed exclusively to the Business Recorder that the government has scaled down the growth rate from the budgetary target of 4.2 percent to 3.5 percent. Economists had begun scaling down the target even before July 1, the first d
Published 29 Sep, 2011 12:00am
Ufone triggers its green expedition

Ufone triggers its green expedition

Ufone in collaboration with AIESEC is promoting initiatives that lead to environmental sustainability and a greener planet. AIESEC is the world's largest youth-run organisation and is present in over 110 countries and territories and with over 60,000 memb
Published 29 Sep, 2011 12:00am
100 companies to participate at plastic fair

100 companies to participate at plastic fair

International Plastic and Packaging Industry Exhibition - PLASTI and PACK Pakistan 2011 Incorporating Food Processing and Chemicals has received overwhelming response from the leading international and local companies. The international participation is f
Published 29 Sep, 2011 12:00am
PIA Hajj flights to begin from September 30

PIA Hajj flights to begin from September 30

PIA has finalised arrangements for carrying over 109,000 intending Hajj pilgrims to Saudi Arabia from 07 major cities of Pakistan. PIA's Pre- Hajj flights will begin from Friday, 30th September 2011. PIA Spokesman said here on Wednesday. He said that the
Published 29 Sep, 2011 12:00am
Floods devastate many areas of Sindh

Floods devastate many areas of Sindh

The unprecedented rains and heavy floods have devastated many areas of Sindh province. Millions of people in flood affected areas have been displaced from their homes. People are in dire need of relief goods. Pakistan Broadcasters Association (PBA) stands
Published 29 Sep, 2011 12:00am
Minister directs Health Department to conduct fumigation

Minister directs Health Department to conduct fumigation

Sindh Minister for Fisheries Zahid Ali Bhurgari while taking notice of the opinion of health experts regarding risk of dengue outbreak has directed District Health Department to carry out fumigation immediately in all areas of Hyderabad district.
Published 29 Sep, 2011 12:00am
3,132 relief camps established

3,132 relief camps established

Chief Secretary Sindh Raja Muhammad Abbas has appreciated the role of various institutions who are extending co-operation in relief and rescue services being provided to the rain victims in rain-affected areas. The Chief Secretary noted that Sindh RSP Con
Published 29 Sep, 2011 12:00am
12 criminals arrested in Karachi

12 criminals arrested in Karachi

Law enforcement agencies on Wednesday in an operation against criminal elements in city have detained twelve accused during raids and snap checking and recovered illegal arms from their possession. Ghulshan-e-Hadeed police arrested seven accused involved
Published 29 Sep, 2011 12:00am
Small traders hold anti-US demonstration

Small traders hold anti-US demonstration

A large number of small traders on Wednesday staged anti-US demonstration, condemning the US threats and vowing not to leave any stone unturned to defend their motherland against any aggression. The recent US accusations against Pakistan coupled with thre
Published 29 Sep, 2011 12:00am
Punjab Pension Fund, CDC sign Trust Deed

Punjab Pension Fund, CDC sign Trust Deed

The Government of the Punjab has signed a Trust Deed for Punjab Pension Fund with the Central Depository Company (CDC) of Pakistan Limited in Lahore on Wednesday. Muhammad Hanif Jakhura, Chief Executive Officer, CDC and Aquil Raza Khoja, General Manager-P
Published 29 Sep, 2011 12:00am
Punjab Pension Fund, CDC sign Trust Deed

Punjab Pension Fund, CDC sign Trust Deed

The Government of the Punjab has signed a Trust Deed for Punjab Pension Fund with the Central Depository Company (CDC) of Pakistan Limited in Lahore on Wednesday. Muhammad Hanif Jakhura, Chief Executive Officer, CDC and Aquil Raza Khoja, General Manager-P
Published 29 Sep, 2011 12:00am
One killed in attack on oil company staffers

One killed in attack on oil company staffers

A man was killed and four others suffered wounds in an attack on the personnel of an oil and gas exploration company here in Shahragh area of Balochistan on Wednesday. Levis official said that unidentified armed men opened indiscriminate fire at the staff
Published 29 Sep, 2011 12:00am
Jazz gifts Pakistan's most valuable Eidi

Jazz gifts Pakistan's most valuable Eidi

Mobilink has announced the grand prize winner of the Jazz Eidi offer, who received a Damas Diamond necklace worth Rs 1 million. The Jazz Eidi offer was the first of its kind initiative by Jazz to offer customers a special gift to celebrate the month of Ra
Published 29 Sep, 2011 12:00am
Dengue virus: eight more tested positive

Dengue virus: eight more tested positive

Eight more people were tested positive on Wednesday bringing total number of dengue patients in 2011 to around 400. According to Dengue Surveillance Cell five patients including a woman have also died due to the viral fever in Karachi. Experts believed th
Published 29 Sep, 2011 12:00am
Section 144 imposed on Karachi

Section 144 imposed on Karachi

Sindh Home Department on Wednesday has issued a notification enforcing the Section 144 in Karachi. All kind of political gatherings and gathering of more than five people would remain banned for a period of one month in the metropolis.
Published 29 Sep, 2011 12:00am
Sub-standard ghee, oil sale

Sub-standard ghee, oil sale

Upon receipt of complaint that some of the banaspati ghee and cooking oil units are selling sub-standard banaspati ghee and cooking oil and also that they are using sub-standard packing material, the Director General, PSQCA, Liaquat Ali constituted team f
Published 29 Sep, 2011 12:00am
New IT return form has no lacuna: Law Division

New IT return form has no lacuna: Law Division

The Law and Justice Division has conveyed to the Federal Board of Revenue (FBR) that the income tax return form, notified with SRO 850(I)2011 would be final for filing of tax returns, as there is no legal lacuna in the said notification.
Published 29 Sep, 2011 12:00am
US won't carry out ground assault, says Musharraf

US won't carry out ground assault, says Musharraf

Former president Pervez Musharraf said that the US would not carry out any ground assault inside Pakistan, Aaj News reported. He pointed that once Osama bin Laden and Ayman al-Zawahari were allies of the whole world, Aaj news reported. Musha
Published 29 Sep, 2011 12:00am
Two alleged terrorists arrested

Two alleged terrorists arrested

The Crime Investigation Departments (CID) has claimed to have arrested two alleged terrorists belonging to banned outfit and recovered explosives from their possession during raid near a private university in the limits of Shah Latif Town police station,
Published 29 Sep, 2011 12:00am
Things becoming better

Things becoming better

How deep is the relation between Pakistan Peoples Party and the people of Pakistan? It can be judged by the fact that Co-chairman of Pakistan Peoples Party and President Asif Ali Zardari has established his camp office at Bilawal House Karachi leaving Pre
Published 29 Sep, 2011 12:00am
EU welcomes outcome of trade talks

EU welcomes outcome of trade talks

The EU welcomes the outcome of the bilateral trade talks between India and Pakistan. It is very positive that India has decided to withdraw the objections to the World Trade Organisation waiver sought by the EU for granting duty free access for certain go
Published 29 Sep, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
EU welcomes outcome of trade talks

EU welcomes outcome of trade talks

The EU welcomes the outcome of the bilateral trade talks between India and Pakistan. It is very positive that India has decided to withdraw the objections to the World Trade Organisation waiver sought by the EU for granting duty free access for certain go
Published 29 Sep, 2011 12:00am
EU welcomes outcome of trade talks

EU welcomes outcome of trade talks

The EU welcomes the outcome of the bilateral trade talks between India and Pakistan. It is very positive that India has decided to withdraw the objections to the World Trade Organisation waiver sought by the EU for granting duty free access for certain go
Published 29 Sep, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 28, 2011).
Published 29 Sep, 2011 12:00am
RBI team to visit Pakistan in October

RBI team to visit Pakistan in October

A high level delegation of Reserve Bank of India (RBI) will visit Pakistan in the first half of October 2011 to discuss the modalities for opening of bank branches in India and Pakistan on reciprocal basis. This was stated by Deputy Governor, RBI, Dr Subi
Published 29 Sep, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
RBI team to visit Pakistan in October

RBI team to visit Pakistan in October

A high level delegation of Reserve Bank of India (RBI) will visit Pakistan in the first half of October 2011 to discuss the modalities for opening of bank branches in India and Pakistan on reciprocal basis. This was stated by Deputy Governor, RBI, Dr Subi
Published 29 Sep, 2011 12:00am
RBI team to visit Pakistan in October

RBI team to visit Pakistan in October

A high level delegation of Reserve Bank of India (RBI) will visit Pakistan in the first half of October 2011 to discuss the modalities for opening of bank branches in India and Pakistan on reciprocal basis. This was stated by Deputy Governor, RBI, Dr Subi
Published 29 Sep, 2011 12:00am
Finance ministry employee held on militant links

Finance ministry employee held on militant links

Authorities have arrested an employee of the finance ministry on suspicion of links to militant groups, police said on Wednesday. The suspect, identified as Sardar Ali Khattak, was on a hilltop near President Asif Ali Zardari's residence in Islamabad when
Published 29 Sep, 2011 12:00am
Finance ministry employee held on militant links

Finance ministry employee held on militant links

Authorities have arrested an employee of the finance ministry on suspicion of links to militant groups, police said on Wednesday. The suspect, identified as Sardar Ali Khattak, was on a hilltop near President Asif Ali Zardari's residence in Islamabad when
Published 29 Sep, 2011 12:00am
EU lawmakers back tougher budget rules

EU lawmakers back tougher budget rules

The European Parliament voted on Wednesday to toughen EU budget rules in a bid to help restore market confidence in the region's public finances and prevent future sovereign debt crises. The new rules will make it easier to quickly impose financial penalt
Published 29 Sep, 2011 12:00am
EU lawmakers back tougher budget rules

EU lawmakers back tougher budget rules

The European Parliament voted on Wednesday to toughen EU budget rules in a bid to help restore market confidence in the region's public finances and prevent future sovereign debt crises. The new rules will make it easier to quickly impose financial penalt
Published 29 Sep, 2011 12:00am
EU lawmakers back tougher budget rules

EU lawmakers back tougher budget rules

The European Parliament voted on Wednesday to toughen EU budget rules in a bid to help restore market confidence in the region''s public finances and prevent future sovereign debt crises. The new rules will make it easier to quickly impose financial penal
Published 29 Sep, 2011 12:00am
Increase in cotton, sugar import: trade deficit likely to swell

Increase in cotton, sugar import: trade deficit likely to swell

Pakistan's trade deficit is likely to swell in the current fiscal year following a considerable increase in imports in the wake of floods in Sindh and Balochistan that damaged cotton, sugar, vegetables and other cash crops. A widening trade deficit would,
Published 29 Sep, 2011 12:00am
Increase in cotton, sugar import: trade deficit likely to swell

Increase in cotton, sugar import: trade deficit likely to swell

Pakistan's trade deficit is likely to swell in the current fiscal year following a considerable increase in imports in the wake of floods in Sindh and Balochistan that damaged cotton, sugar, vegetables and other cash crops. A widening trade deficit would,
Published 29 Sep, 2011 12:00am
Increase in cotton, sugar import: trade deficit likely to swell

Increase in cotton, sugar import: trade deficit likely to swell

Pakistan''s trade deficit is likely to swell in the current fiscal year following a considerable increase in imports in the wake of floods in Sindh and Balochistan that damaged cotton, sugar, vegetables and other cash crops. A widening trade deficit would
Published 29 Sep, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
Pakistan-US tension refuses to die down: all-Parties Conference today

Pakistan-US tension refuses to die down: all-Parties Conference today

An All-Parties Conference would be held today (Thursday). Director General ISI Lieutenant General Shuja Pasha and Foreign Minister Hina Rabbani Khar would brief the political leadership on national security situation and try to evolve a unanimous stance o
Published 29 Sep, 2011 12:00am
Pakistan-US tension refuses to die down: all-Parties Conference today

Pakistan-US tension refuses to die down: all-Parties Conference today

An All-Parties Conference would be held today (Thursday). Director General ISI Lieutenant General Shuja Pasha and Foreign Minister Hina Rabbani Khar would brief the political leadership on national security situation and try to evolve a unanimous stance o
Published 29 Sep, 2011 12:00am
No disagreement in Pentagon on Pakistan role: US

No disagreement in Pentagon on Pakistan role: US

The Pentagon rejected reports Wednesday of disagreement among US officials over Pakistan's role in Afghanistan after the top US military officer accused Islamabad of backing extremists. A Pentagon spokesman said Defence Secretary Leon Panetta endorsed the
Published 29 Sep, 2011 12:00am
No disagreement in Pentagon on Pakistan role: US

No disagreement in Pentagon on Pakistan role: US

The Pentagon rejected reports Wednesday of disagreement among US officials over Pakistan's role in Afghanistan after the top US military officer accused Islamabad of backing extremists. A Pentagon spokesman said Defence Secretary Leon Panetta endorsed the
Published 29 Sep, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
White House treads carefully

White House treads carefully

The White House Wednesday declined to reinforce the top US military officer's warning that the al Qaeda-linked Haqqani network was a "veritable arm" of Pakistani intelligence. But a senior official again candidly said Washington was concerned about links
Published 29 Sep, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
White House treads carefully

White House treads carefully

The White House Wednesday declined to reinforce the top US military officer's warning that the al Qaeda-linked Haqqani network was a "veritable arm" of Pakistani intelligence. But a senior official again candidly said Washington was concerned about links
Published 29 Sep, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
Index gains 94.45 points

Index gains 94.45 points

The Karachi share market on Wednesday witnessed a positive trend because of massive buying in oil and fertiliser sector and KSE-100 index surged by 94.45 points to close at 11,625.69 points from 11,531.24 points. During the trading KSE-100 index also hit
Published 29 Sep, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
Index gains 94.45 points

Index gains 94.45 points

The Karachi share market on Wednesday witnessed a positive trend because of massive buying in oil and fertiliser sector and KSE-100 index surged by 94.45 points to close at 11,625.69 points from 11,531.24 points. During the trading KSE-100 index also hit
Published 29 Sep, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
Index gains 94.45 points

Index gains 94.45 points

The Karachi share market on Wednesday witnessed a positive trend because of massive buying in oil and fertiliser sector and KSE-100 index surged by 94.45 points to close at 11,625.69 points from 11,531.24 points. During the trading KSE-100 index also hit
Published 29 Sep, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
BRIndex30 up 135.3 points

BRIndex30 up 135.3 points

On Wednesday, the BRIndex30 opened at 8,573.17 points. It touched the intra-day high of 8,737.61 points and low of 8,543.42 points, and closed at 8,708.47 points with a net positive change of 135.3 points, or 1.58 percent higher than previous close. The v
Published 29 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
BRIndex30 up 135.3 points

BRIndex30 up 135.3 points

On Wednesday, the BRIndex30 opened at 8,573.17 points. It touched the intra-day high of 8,737.61 points and low of 8,543.42 points, and closed at 8,708.47 points with a net positive change of 135.3 points, or 1.58 percent higher than previous close. The v
Published 29 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
President, Prime Minister, CoAS review current situation

President, Prime Minister, CoAS review current situation

A meeting was held at the Presidency Wednesday night between President Asif Ali Zardari, Prime Minister Syed Yousuf Raza Gilani and Chief of the Army Staff General Ashfaq Parvez Kayani. Spokesperson Farhatullah Babar said that the meeting reviewed the cur
Published 29 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (September 28, 2011).

Published 29 Sep, 2011 12:00am
'US close to decision on Haqqani terrorist label'

'US close to decision on Haqqani terrorist label'

US Secretary of State Hillary Clinton said on Wednesday that Washington was close to making a decision on whether to designate the Haqqani network as a foreign terrorist group. "We are in the final, formal review that has to be undertaken to make a govern
Published 29 Sep, 2011 12:00am
Support wavers for US economic aid to Pakistan

Support wavers for US economic aid to Pakistan

Senator Richard Lugar says the US effort to aid Pakistan named after him and two other lawmakers has not had enough time to achieve one of its main goals: dispel Pakistani mistrust of the United States. Few others in Congress seem keen to give it more tim
Published 29 Sep, 2011 12:00am
UN council hands Palestinian UN bid to review panel

UN council hands Palestinian UN bid to review panel

The UN Security Council on Wednesday unanimously agreed to hand the Palestinian application to join the United Nations to a committee that will review and assess it in the coming weeks. The standing committee on the admission of new members to the world b
Published 29 Sep, 2011 12:00am
Islamabad in contact with Washington: Bashir

Islamabad in contact with Washington: Bashir

Foreign Secretary Salman Bashir on Wednesday said that Pakistan has been actively co-operating with the international community to ensure peace and security in the region and no one could undermine its contributions in fighting terrorism. Talking to repor
Published 29 Sep, 2011 12:00am
Afaq detained under MPO soon after his release

Afaq detained under MPO soon after his release

Mohajir Qaumi Movement- Haqiqi (MQM-H) chief Afaq Ahmed was detained for one month under the Maintenance of Public Order, soon after his release on bail by the Sindh High Court, on Wednesday. The home department had issued a notification that Afaq Ahmad w
Published 29 Sep, 2011 12:00am
Afaq detained under MPO soon after his release

Afaq detained under MPO soon after his release

Mohajir Qaumi Movement- Haqiqi (MQM-H) chief Afaq Ahmed was detained for one month under the Maintenance of Public Order, soon after his release on bail by the Sindh High Court, on Wednesday. The home department had issued a notification that Afaq Ahmad w
Published 29 Sep, 2011 12:00am
US blacklists two leaders of Lashkar-e-Taiba

US blacklists two leaders of Lashkar-e-Taiba

The US Treasury Department said on Wednesday it was blacklisting two officials of the Pakistan-based Lashkar-e-Taiba. The move means that US citizens will be prohibited from having any dealings with Zafar Iqbal or Hafiz Abdul Salam Bhuttavi and any of the
Published 29 Sep, 2011 12:00am
US blacklists two leaders of Lashkar-e-Taiba

US blacklists two leaders of Lashkar-e-Taiba

The US Treasury Department said on Wednesday it was blacklisting two officials of the Pakistan-based Lashkar-e-Taiba. The move means that US citizens will be prohibited from having any dealings with Zafar Iqbal or Hafiz Abdul Salam Bhuttavi and any of the
Published 29 Sep, 2011 12:00am
FBR to ensure implementation of uniform law for documentation

FBR to ensure implementation of uniform law for documentation

The Federal Board of Revenue would ensure implementation of a uniform policy for documentation of un-registered buyers/sellers in all the sectors including powerful/influential lobbies to avoid multi-faceted tax treatment to different industries.
Published 29 Sep, 2011 12:00am
FBR to ensure implementation of uniform law for documentation

FBR to ensure implementation of uniform law for documentation

The Federal Board of Revenue would ensure implementation of a uniform policy for documentation of un-registered buyers/sellers in all the sectors including powerful/influential lobbies to avoid multi-faceted tax treatment to different industries.
Published 29 Sep, 2011 12:00am
FBR to ensure implementation of uniform law for documentation

FBR to ensure implementation of uniform law for documentation

The Federal Board of Revenue would ensure implementation of a uniform policy for documentation of un-registered buyers/sellers in all the sectors including powerful/influential lobbies to avoid multi-faceted tax treatment to different industries.
Published 29 Sep, 2011 12:00am
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