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Print - 2011-09-30
SBP may cut policy rate by 50 basis points

SBP may cut policy rate by 50 basis points

After witnessing a lower than estimated inflation measured by re-based CPI at 11.56 percent in August 2011, the numbers for September will bring some positive news and the State Bank is likely to cut its policy rate by 50 basis points in the upcoming poli
Published 30 Sep, 2011 12:00am
Clinton urges Pakistan to end militant safe havens

Clinton urges Pakistan to end militant safe havens

US Secretary of State Hillary Clinton on Thursday renewed calls on Pakistan to eliminate safe havens that militants use to launch attacks into Afghanistan, while calling for better US-Pakistani ties. "We're certainly making clear that we want to see an en
Published 30 Sep, 2011 12:00am
Clinton urges Pakistan to end militant safe havens

Clinton urges Pakistan to end militant safe havens

US Secretary of State Hillary Clinton on Thursday renewed calls on Pakistan to eliminate safe havens that militants use to launch attacks into Afghanistan, while calling for better US-Pakistani ties. "We're certainly making clear that we want to see an en
Published 30 Sep, 2011 12:00am
ECP extends electoral rolls' verification drive for one month

ECP extends electoral rolls' verification drive for one month

The Election Commission of Pakistan (ECP) on Thursday extended the on-going countrywide campaign for verification of Electoral Rolls-2011 for one month duration. Keeping in view the requests made by legislators of Sindh and Khyber Pakhtunkhwa assemblies,
Published 30 Sep, 2011 12:00am
ECP extends electoral rolls' verification drive for one month

ECP extends electoral rolls' verification drive for one month

The Election Commission of Pakistan (ECP) on Thursday extended the on-going countrywide campaign for verification of Electoral Rolls-2011 for one month duration. Keeping in view the requests made by legislators of Sindh and Khyber Pakhtunkhwa assemblies,
Published 30 Sep, 2011 12:00am
Pakistan's foreign exchange reserves fall to $17.38 billion

Pakistan's foreign exchange reserves fall to $17.38 billion

Foreign exchange reserves fell to $17.38 billion in the week ending September 24 from $17.64 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) declined to $13.74 billion from $14.12 billion, wh
Published 30 Sep, 2011 12:00am
Pakistan's foreign exchange reserves fall to $17.38 billion

Pakistan's foreign exchange reserves fall to $17.38 billion

Foreign exchange reserves fell to $17.38 billion in the week ending September 24 from $17.64 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) declined to $13.74 billion from $14.12 billion, wh
Published 30 Sep, 2011 12:00am
Pakistan''s foreign exchange reserves fall to $17.38 billion

Pakistan''s foreign exchange reserves fall to $17.38 billion

Foreign exchange reserves fell to $17.38 billion in the week ending September 24 from $17.64 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) declined to $13.74 billion from $14.12 billion, wh
Published 30 Sep, 2011 12:00am
Dengue fever claims MPA, three others lives

Dengue fever claims MPA, three others lives

Four more people including Pakistan Muslim League-Nawaz (PML-N) MPA Mumtaz Ahmed Jajja died due to dengue fever here on Thursday. Mumtaz Ahmed Jajja who was MPA from Bahawalpur was under treatment here at the intensive care unit of Jinnah Hospital for the
Published 30 Sep, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Sep, 2011 12:00am
Dengue fever claims MPA, three others lives

Dengue fever claims MPA, three others lives

Four more people including Pakistan Muslim League-Nawaz (PML-N) MPA Mumtaz Ahmed Jajja died due to dengue fever here on Thursday. Mumtaz Ahmed Jajja who was MPA from Bahawalpur was under treatment here at the intensive care unit of Jinnah Hospital for the
Published 30 Sep, 2011 12:00am
ADB links lending to macroeconomic stability

ADB links lending to macroeconomic stability

Asian Development Bank (ADB) has warned that there would be no further lending programme to Pakistan unless it brings macroeconomic stability through implementation of reforms or gets a Letter of Comfort (LoC) from the International Monetary Fund (IMF) to
Published 30 Sep, 2011 12:00am
ADB links lending to macroeconomic stability

ADB links lending to macroeconomic stability

Asian Development Bank (ADB) has warned that there would be no further lending programme to Pakistan unless it brings macroeconomic stability through implementation of reforms or gets a Letter of Comfort (LoC) from the International Monetary Fund (IMF) to
Published 30 Sep, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 30 Sep, 2011 12:00am
ADB links lending to macroeconomic stability

ADB links lending to macroeconomic stability

Asian Development Bank (ADB) has warned that there would be no further lending programme to Pakistan unless it brings macroeconomic stability through implementation of reforms or gets a Letter of Comfort (LoC) from the International Monetary Fund (IMF) to
Published 30 Sep, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 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 30 Sep, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Sep, 2011 12:00am
US House passes bill to avert government shutdown

US House passes bill to avert government shutdown

The US House of Representatives on Thursday approved a stopgap spending bill to avert a looming government shutdown and keep key agencies open to October 4, sending it to President Barack Obama. The Senate had passed the legislation, known as a "continuin
Published 30 Sep, 2011 12:00am
US House passes bill to avert government shutdown

US House passes bill to avert government shutdown

The US House of Representatives on Thursday approved a stopgap spending bill to avert a looming government shutdown and keep key agencies open to October 4, sending it to President Barack Obama. The Senate had passed the legislation, known as a "continuin
Published 30 Sep, 2011 12:00am
US House passes bill to avert government shutdown

US House passes bill to avert government shutdown

The US House of Representatives on Thursday approved a stopgap spending bill to avert a looming government shutdown and keep key agencies open to October 4, sending it to President Barack Obama. The Senate had passed the legislation, known as a "continuin
Published 30 Sep, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Flood donation

Flood donation

Chief Justice Agha Rafiq Ahmed Khan and other Judges of the Federal Shariat Court have donated their five days salary to the Prime Minster's flood relief fund for the flood victims of Sindh. Keeping in view this situation, Chief Justice and Judges of the
Published 30 Sep, 2011 12:00am
Punjab farmers begin marketing of fish products

Punjab farmers begin marketing of fish products

Fish farmers of Punjab have started marketing of their produce in the cities and towns as the weather has become moderate in the plains of the province. People usually do not eat fish in the hot months of May, June, July and August. President Lahore Fish
Published 30 Sep, 2011 12:00am
Pakistan's IMF rebuff to be short-lived

Pakistan's IMF rebuff to be short-lived

While Pakistan appears to be ending its program with the International Monetary Fund, there's a real possibility Islamabad will have to later go back and ask for new loans, and it may not then have the critical backing of the United States. The ruling Pak
Published 30 Sep, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Mixed patterns were seen on the currency market on Thursday as the rupee resisted sharp losses versus dollar and euro, dealers said. The rupee retained its level against dollar for buying at 87.41 while it shed four paisa for selling at 87.46, they said.
Published 30 Sep, 2011 12:00am
New managing director SNGPL felicitated

New managing director SNGPL felicitated

The Management, Executives and Staff of Sui Northern Gas Pipelines Limited (SNGPL) congratulate Arif Hameed on becoming the 21st Managing Director of SNGPL and appreciate the approval by his Excellency, the Prime Minister Yousuf Raza Gilani on the recomme
Published 30 Sep, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Mixed patterns were seen on the currency market on Thursday as the rupee resisted sharp losses versus dollar and euro, dealers said. The rupee retained its level against dollar for buying at 87.41 while it shed four paisa for selling at 87.46, they said.
Published 30 Sep, 2011 12:00am
Free eye camp begins tomorrow

Free eye camp begins tomorrow

The 71st bi-annual free eye camp in Darul Hikmat Darul Shafa Hospital at Darul Ehsan Samundri Road would be started from 1st October 2011 and it would remain operational till 31st October. The target has been fixed to carry out operations of more than 110
Published 30 Sep, 2011 12:00am
World Heart Day observed

World Heart Day observed

Professor Mohammad Azhar of Punjab Institute of Cardiology (PIC) stressed the need for raising awareness about heart diseases in Pakistan, here on Thursday. He was addressing a seminar organised by PIC to mark the 'World Heart Day.' Professor Azhar said t
Published 30 Sep, 2011 12:00am
EU waiver package: PRGMEA welcomes Indian support

EU waiver package: PRGMEA welcomes Indian support

Chairman Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) Ijaz A Khokhar has welcomed Indian support for Pakistan's EU waiver package in WTO and assured that it would not hurt Indian interests in the EU market. The EU has offered
Published 30 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 30 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 30 Sep, 2011 12:00am
Dengue fever infects over 12,000 in Pakistan

Dengue fever infects over 12,000 in Pakistan

Already cursed by floods and suicide bombings, Pakistan now faces a new menace from an unprecedented outbreak of the deadly tropical disease dengue fever. In less than a month, 126 people have died and more than 12,000 have been diagnosed with the virus,
Published 30 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 29, 2011).

Published 30 Sep, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 30 Sep, 2011 12:00am
GCU recommends biological control of dengue

GCU recommends biological control of dengue

The Government College University (GCU) Lahore Zoology Department has recommended biological control of dengue, saying that fumigation and sprays can be used as emergency measures but they are not the permanent solutions. "Mosquitoes after sometime develo
Published 30 Sep, 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 Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Occasion provides good opportunity to leaders

Occasion provides good opportunity to leaders

Prime Minister Gilani was flanked by Pakistan Muslim League-Nawaz (PML-N) president Nawaz Sharif and Pakistan Muslim League-Q (PML-Q) president Chaudhry Shujaat Hussain at the start of the APC proceedings.
Published 30 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 30 Sep, 2011 12:00am
Nine killed as van collides with tree

Nine killed as van collides with tree

Nine persons were killed while 15 others sustained injuries when a passenger van fell into a ravine after it hit a tree at National Highway by- pass at Chicha Watni in Sahiwal district, police said on Thursday. According to a private TV channel, the accid
Published 30 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 30 Sep, 2011 12:00am
SSGC declares 25 percent cash dividend, 5 percent bonus

SSGC declares 25 percent cash dividend, 5 percent bonus

Sui Southern Gas Company (SSGC) has earned a net profit of Rs 4,724 million for financial year 2010-11 as compared to Rs 4,399 million during the last corresponding period. In addition, the Company's earnings-per-share for the period under review increase
Published 30 Sep, 2011 12:00am
Bullion Rates

Bullion Rates

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

Published 30 Sep, 2011 12:00am
SSGC declares 25 percent cash dividend, 5 percent bonus

SSGC declares 25 percent cash dividend, 5 percent bonus

Sui Southern Gas Company (SSGC) has earned a net profit of Rs 4,724 million for financial year 2010-11 as compared to Rs 4,399 million during the last corresponding period. In addition, the Company's earnings-per-share for the period under review increase
Published 30 Sep, 2011 12:00am
Stagnant rainwater in taluka Saeedabad: government takes serious notice

Stagnant rainwater in taluka Saeedabad: government takes serious notice

In response to the public protest the Sindh Government has taken serious notice of stagnant rainwater in the areas of taluka Saeedabad and has dispatched team of Irrigation engineers to find out the ways and means for drainage of standing water from the a
Published 30 Sep, 2011 12:00am
Pakistan, India for bilateral trade to reinforce peace

Pakistan, India for bilateral trade to reinforce peace

Indian and Pakistani business leaders said Thursday there were big opportunities to boost direct trade between them after the rival nations agreed to work harder at opening up their markets. While formal trade between the two most populous and largest eco
Published 30 Sep, 2011 12:00am
Pakistan expects rice orders from Indonesia soon

Pakistan expects rice orders from Indonesia soon

Pakistan expects Indonesia to place orders for its rice in coming days, said Irfan Ahmed Sheikh, the outgoing chairman of the Rice Exporters Association of Pakistan (REAP), as the Southeast Asian country seeks alternative sources of the grain.
Published 30 Sep, 2011 12:00am
PS raw material arrives

PS raw material arrives

A ship carrying 55,000 tons of coal for Pakistan Steel Mills (PSM) from Australia has reached Port Qasim on Thursday, said spokesman of Pakistan Steel. He said that unloading of coal started through the conveyer-belt from Port Qasim Jetty to Pakistan Stee
Published 30 Sep, 2011 12:00am
Six injured in Islamabad hotel blast

Six injured in Islamabad hotel blast

At least six people including a woman were injured in a powerful explosion at a hotel in Blue Area Thursday night. The blast reportedly took place on the third/fourth floor of the Envoy Continental Hotel. Rescue sources said it was a cylinder blast.
Published 30 Sep, 2011 12:00am
Dry weather forecast

Dry weather forecast

The met office on Thursday said that dry weather is expected to prevail in most parts of the country during the next 24 hours, as shallow a westerly wave is still persisting over the northern areas. The forecaster said that dry weather is likely to remain
Published 30 Sep, 2011 12:00am
Nine alleged notorious criminals arrested

Nine alleged notorious criminals arrested

Law Enforcement Agencies (LEAs) on Thursday claimed to have arrested nine notorious criminals including three extortionists and two target killers in separate raids at various parts of the metropolis. According to the sources, Anti-Violence Crime Cell (AV
Published 30 Sep, 2011 12:00am
'PIA contract mis-procurement': TI Pakistan advises to reinvite tender

'PIA contract mis-procurement': TI Pakistan advises to reinvite tender

Transparency International Pakistan has reiterated that since the terms on which contract has been awarded by PIA to Dubai based Transworld Aviation for five years, on minimum guaranteed annual orders of US $40 million have not been mentioned in the tende
Published 30 Sep, 2011 12:00am
Moot on supply chain, logistics tomorrow

Moot on supply chain, logistics tomorrow

Terrabiz is organising Supply Chain and Logistics Pakistan (SCALP) Conference 2011 under the theme of "Putting Supply Chain at the Core of Corporate Success" on 1st October 2011 at a local hotel.
Published 30 Sep, 2011 12:00am
Rain victims: minister takes notice of complaints

Rain victims: minister takes notice of complaints

The Sindh Minister for Fisheries, Zahid Ali Bhurgari, who is also the Chairman of District Relief Committee (DRC) has taken serious notice of the complaints of the rain-affected families about substandard food and constituted two members' committee compri
Published 30 Sep, 2011 12:00am
DG Rangers advises business community to work without fear

DG Rangers advises business community to work without fear

Director General Rangers, Major General Chaudhri Eajaz has advised business and industrial community to carry on their business, industrial and routine activities without fear. Speaking the inauguration of Rangers control room at the premises of Korangi A
Published 30 Sep, 2011 12:00am
Imposition of ST on tractors virtually cripples industry

Imposition of ST on tractors virtually cripples industry

The sales tax imposed on tractors has "virtually crippled the industry' and resulted in the closure of Al-Ghazi Tractors since July 2011, while other units are "barely breathing." Muhammad Akram of PTMA in a letter sent to the Chairman, Federal Board of R
Published 30 Sep, 2011 12:00am
Comprehensive plan envisaged to drain out rainwater

Comprehensive plan envisaged to drain out rainwater

A comprehensive plan is being envisaged to drain out standing rainwater of the rural areas of District Tando Mohammad Khan to reclaim the farm land for next crops. This is informed by Syed Barkat Ahmed Rizvi District Co-ordination Officer (DCO) Tando Moha
Published 30 Sep, 2011 12:00am
SHC issues notice in Afaq's detention case

SHC issues notice in Afaq's detention case

A division bench of Sindh High Court (SHC) on Thursday ordered issuance of notice in a petition against detention of Afaq Ahmed, chief of Mohajir Qaumi Movement (MQM-H) under MPO. The bench comprising Chief Justice Musheer Alam and Justice Imam Bux Baloch
Published 30 Sep, 2011 12:00am
One killed in bomb defusing attempt

One killed in bomb defusing attempt

A personnel of Bomb Disposal Squad was killed when a bomb exploded in Chaman on Thursday. "The blast took place in the grid station area of Chaman when on being informed Bomb Disposal Squad reached the site and an expert Manzoor Elahi attempted to defuse
Published 30 Sep, 2011 12:00am
Concerns voiced over diminishing agriculture land

Concerns voiced over diminishing agriculture land

It is a matter of great concern for the agriculture sector to feed the ever growing population of the country due to diminishing agriculture land, traditional way of farming and climate changes as the land is only 0.13ha per capita while it was 0.42ha per
Published 30 Sep, 2011 12:00am
NBP online branch network reaches 500 mark

NBP online branch network reaches 500 mark

In a major move towards automation, National Bank of Pakistan has converted more than 500 branches online across Pakistan. Through online facility NBP customers holding an account at any online branch can deposit and withdraw cash from any of the 507 onli
Published 30 Sep, 2011 12:00am
Rent of Auqaf properties goes up by 40 percent

Rent of Auqaf properties goes up by 40 percent

The Auqaf Department of Khyber Pakhtunkhwa has reviewed the decision of 200 per cent increase in the rent of its properties and announced 40 per cent raise in the rents. Announcing the decision, the Provincial Minister for Auqaf, Hajj, Religious and Minor
Published 30 Sep, 2011 12:00am