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Print - 2011-10-29
PTCL wins 'Global HR Excellence Award 2011'

PTCL wins 'Global HR Excellence Award 2011'

Pakistan Telecommunications Company Limited (PTCL) has won the prestigious "2nd Global HR Excellence Award 2011" in recognition of its outstanding organisational performance in the telecom sector. Proffered by Global Media Links and Business Milestones, t
Published 29 Oct, 2011 12:00am
UNIDO to develop CoP for promoting good agriculture practices

UNIDO to develop CoP for promoting good agriculture practices

United Nations Industrial Development Organisation (UNIDO) in collaboration with the Pakistan Horticulture Development and Export Company (PHDEC) will develop Code of Practices (CoP) for promoting Good Agricultural Practices (GAP) to help Pakistani hortic
Published 29 Oct, 2011 12:00am
NBP launches EzRemit payments

NBP launches EzRemit payments

National Bank of Pakistan (NBP) has recently launched EzRemit payments at its branches countrywide. Khalid Bin Shaheen SEVP/Group Chief NBP said, "NBP has the fastest growing Overseas Correspondent network for home remittances business and now as a new ad
Published 29 Oct, 2011 12:00am
Nusrat Bhutto

Nusrat Bhutto

The people of Pakistan in general and Sindh in particular were in great shock when they came to know that President Asif Ali Zardari had sent two police officers and one bureaucrat (DCO) to Ghinwa Bhutto, residing in Al-Murtaza at Larkana to come to Naode
Published 29 Oct, 2011 12:00am
Violence-hit Yemeni capital struggles with power cuts

Violence-hit Yemeni capital struggles with power cuts

Amal Ibrahim, a housewife living in the Yemeni capital Sana'a, has to contend with power cuts that have become a daily occurrence since the protests and consequent political crisis began in the Arabian Peninsula country earlier this year. "I am unable to
Published 29 Oct, 2011 12:00am
Sarkozy as saviour: After the euro, the presidency

Sarkozy as saviour: After the euro, the presidency

After fronting, together with German Chancellor Angela Merkel the battle to save the euro, French President Nicolas Sarkozy is on a mission to save his own neck from a proverbial guillotining. Thursday's breakthrough accord on the eurozone debt crisis thr
Published 29 Oct, 2011 12:00am
Institutional innovation

Institutional innovation

Whether it is agriculture or any other sector the behaviour of public sector research organisations represents an essential link in the construction in the theory of induced development. If modelling is important than the conceptual issues need to be unde
Published 29 Oct, 2011 12:00am
Tunisia leads the way for Arab uprisings

Tunisia leads the way for Arab uprisings

Tunisia, which acted as the vanguard of Arab uprisings, has entered an important phase of consolidation of its revolution. More than 80 percent of the country's registered voters turned up for last week's national election for a new assembly which is to r
Published 29 Oct, 2011 12:00am
Census delay and mismanagement

Census delay and mismanagement

This country's sixth population census was already late by three years when the Population Census Organisation began listing houses - a mandatory pre-census exercise - in early April. It has been delayed further pending resolution of serious questions reg
Published 29 Oct, 2011 12:00am
Training on social mobilisation tools, techniques conducted

Training on social mobilisation tools, techniques conducted

A week-long training of trainers on social mobilisation tools and techniques for Pakistan Approach towards Total Sanitation (PATS) was conducted by Plan Pakistan with the financial assistance of UNICEF in Peshawar, says a press release issued here on Frid
Published 29 Oct, 2011 12:00am
PEF launches phase-7 in educational programmes

PEF launches phase-7 in educational programmes

Punjab Education Foundation (PEF) has launched the phase-7 of expansion in its educational programmes in which one thousand schools will be partnered under its flagship Foundation Assisted Schools (FAS) programme in 36 districts. As a result of this expan
Published 29 Oct, 2011 12:00am
FBR panel finalises proposals to reduce tariff slabs to 6

FBR panel finalises proposals to reduce tariff slabs to 6

The Federal Board of Revenue (FBR)-led subcommittee has finalised the recommendations to bring down general tariff slabs from 8 to 6 ie up to 25 percent on over 400 items excluding the auto sector related items. The general tariff will be brought down to
Published 29 Oct, 2011 12:00am
Condolence

Condolence

Dr Fehmida Mirza, Speaker and Faisal Karim Kundi, Deputy Speaker National Assembly have expressed their grief and sorrow over the passing away of Sheikh Ikram-ul-Haq, veteran journalist and former bureau chief of the Business Recorder who died in S
Published 29 Oct, 2011 12:00am
'UN, human rights bodies biased towards Muslims'

'UN, human rights bodies biased towards Muslims'

Jamaat-e-Islami chief, Syed Munawar Hasan, on Friday said the United Nations and the Human Rights bodies all over the world were biased towards the Muslims and had always supported the powers perpetrating atrocities on the Muslims. Addressing the Friday c
Published 29 Oct, 2011 12:00am
Four more die due to dengue in Punjab

Four more die due to dengue in Punjab

Another four people have lost their lives due to dengue in Punjab including two in Lahore raising the death toll to 290 in Punjab and 253 in Lahore. A spokesman of Health Department said on Friday that so far 19319 dengue patients have been cured and disc
Published 29 Oct, 2011 12:00am
'USAID dairy project aims at improving livelihoods'

'USAID dairy project aims at improving livelihoods'

US Agency for International Development (USAID) Mission Director, Dr Andrew Sisson said that USAID Dairy project is aimed at improving the dairy milk yield to help farmers become entrepreneurs and ultimately have higher income and better standard of livin
Published 29 Oct, 2011 12:00am
Pakistani expatriates likely to invest in country: Mehar

Pakistani expatriates likely to invest in country: Mehar

Senior Vice President Lahore Chamber of Commerce and Industry Kashif Younas Mehar, who returned home from a United Kingdom visit on Friday said a number of Pakistani expatriates had assured him that they would make investment in Pakistan.
Published 29 Oct, 2011 12:00am
Fogging, spray in graveyards completed ahead of Eid

Fogging, spray in graveyards completed ahead of Eid

A meeting was held regarding the ongoing anti-dengue campaign in the province in which Senator Pervaiz Rashid, Chief Secretary, various provincial secretaries, experts and members of Sri Lankan medical team participated. The meeting reviewed in detail the
Published 29 Oct, 2011 12:00am
Textile industrialists, exporters warn against double taxation

Textile industrialists, exporters warn against double taxation

Industrialists and textile exporters have warned that if zero rated declared 'textile exports' were further burdened by double taxation, and refunds are not paid in time, the whole textile industry would become 'sick industry', which is a major job provid
Published 29 Oct, 2011 12:00am
MTJ rejects condition of form-D

MTJ rejects condition of form-D

Markazi Tanzeem-e-Tajraan has expressed concerns over the condition of form-D while filing of income taxes returns/statements and termed that the move could multiple miseries of terrorism hit business community of Khyber-Pakhtunkhwa. The association clari
Published 29 Oct, 2011 12:00am
Peshawar University forms Regional Study Centre

Peshawar University forms Regional Study Centre

To produce researchers and experts about neighbouring states affairs, the University of Peshawar has established a Regional Study Centre (RSC) here at the campus. The central basic purpose is to produce specialists and researchers on Afghanistan, India, C
Published 29 Oct, 2011 12:00am
Relief to flood-hit people: Saudi response exemplary, says Firdous

Relief to flood-hit people: Saudi response exemplary, says Firdous

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Friday said Pakistani and Saudi people are one nation, living in two countries and Riyadh's response to devastation caused by rains and floods in Sindh and Balochistan provinces, w
Published 29 Oct, 2011 12:00am
AG participates in 62nd GBM of INTOSAI

AG participates in 62nd GBM of INTOSAI

The Auditor General of Pakistan, Muhammad Akhter Buland Rana, is participating in the 62nd Governing Board Meeting of the International Organisation of Supreme Audit Institution (INTOSAI) at Vienna from October 27-28, 2011, says a press release issued her
Published 29 Oct, 2011 12:00am
Woman, children injured as 120 shanties burn to ashes

Woman, children injured as 120 shanties burn to ashes

At-least 120 shanties burnt to ashes while three persons including a woman and two children sustained injures in a fire that mysteriously broke out in Shanti Nagar, Gulshan-e-Iqbal in the limits of Aziz Bhatti Police on Friday. Official sources in the fir
Published 29 Oct, 2011 12:00am
President condoles death of Ikram

President condoles death of Ikram

President Asif Ali Zardari has condoled the death of veteran journalist Sheikh Ikram ul Haq who died in Madina Munawara (Saudi Arabia) the other day. In a condolence message to the family of Sheikh Ikram ul Haq, President Zardari paying rich tributes to h
Published 29 Oct, 2011 12:00am
SSGC clarification

SSGC clarification

Sui Southern Gas Company (SSGC) has categorically denied the news item published in a section of press under the caption "Ogra seeks written explanation on complaint". According to SSGC's press release issued here on Friday, Ogra had notified new Gas Sale
Published 29 Oct, 2011 12:00am
High time to resolve Kashmir issue: Mirwaiz

High time to resolve Kashmir issue: Mirwaiz

APHC Chairman Mirwaiz Omar Farooq has said that international community failed to fulfil its commitment with Kashmiri people and India has to demonstrate flexibility in its behaviour to accept that Kashmir is for Kashmiris only.
Published 29 Oct, 2011 12:00am
The Weather

The Weather

The weather report on Friday (October 28, 2011) and the forecast for Saturday (October 29, 2011).

Published 29 Oct, 2011 12:00am
WFP faces $109 million shortfall for floods operation

WFP faces $109 million shortfall for floods operation

World Food Programme (WFP) is facing a critical shortfall of 109 million dollar for the floods operation in Sindh and Balochistan. WFP spokesman Amjad Jamal told newsmen on Friday that the WFP had only supplies to continue distributions in flood areas unt
Published 29 Oct, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 28, 2011).

Published 29 Oct, 2011 12:00am
Iesco power suspension notice

Iesco power suspension notice

According to Iesco spokesman, due to electricity maintenance/development work the power supply of the areas fall under the following feeders would remain suspended as under: Saturday (October 29) 9am to 3pm scheme No 2 feeder, Mehfooz Shaheed feeder, Park
Published 29 Oct, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 28, 2011).

Published 29 Oct, 2011 12:00am
National tax policy conference rescheduled to November 19

National tax policy conference rescheduled to November 19

The Federal Board of Revenue (FBR) has rescheduled 'First National Tax Policy Conference' for November 19, instead of November 11-12, to chalk out a 'national tax policy' with the help of tax collectors. In this connection, the FBR issued instructions to
Published 29 Oct, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 29 Oct, 2011 12:00am
17 alleged outlaws held

17 alleged outlaws held

Police apprehended 17 outlaws from various areas of the city from whom 47 wine bottles, 500 gram hashish, weapons, car and looted items were recovered. A spokesman said that police rounded up five accused from Bhara Khau and recovered snatched car, four p
Published 29 Oct, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 29 Oct, 2011 12:00am
BoK posts profit before tax

BoK posts profit before tax

The Bank of Khyber (BoK) has posted profit before tax of Rs 1.1 billion for nine month period ended 30th September 2011, which shows increase of 188 percent over the corresponding period of 2010. Bilal Mustafa, Managing Director BoK informed the 109th Boa
Published 29 Oct, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 25, 2011.

Published 29 Oct, 2011 12:00am
BoK posts profit before tax

BoK posts profit before tax

The Bank of Khyber (BoK) has posted profit before tax of Rs 1.1 billion for nine month period ended 30th September 2011, which shows increase of 188 percent over the corresponding period of 2010. Bilal Mustafa, Managing Director BoK informed the 109th Boa
Published 29 Oct, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 25, 2011.

Published 29 Oct, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 25, 2011.

Published 29 Oct, 2011 12:00am
Details of expenditure: FBR to waive condition in IT return

Details of expenditure: FBR to waive condition in IT return

The Federal Board of Revenue (FBR) has decided to waive the condition of filing income tax return form along with Annex-D to give details of personal expenditure for tax year 2011. The decision was made in a meeting between business community representati
Published 29 Oct, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 28, 2011).

Published 29 Oct, 2011 12:00am
Protest rally held in Berlin to observe Black Day

Protest rally held in Berlin to observe Black Day

The Kashmiri community in Berlin belonging to both Azad Jammu and Kashmir and the Indian Occupied Kashmir on Friday held a protest rally to condemn the intrusion of Indian forces into the state of Jammu and Kashmir. People living in different cities of Ge
Published 29 Oct, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (October 28, 2011) and for Saturday (October 29, 2011).
Published 29 Oct, 2011 12:00am
Three killed in separate incidents

Three killed in separate incidents

At least three persons were killed in separate incidents in an around the district here on Friday, police informed. The first incident occurred in Bara Khel Shamozi in the jurisdiction of Katlang police station where unknown assailants shot dead one Deeda
Published 29 Oct, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 28, 2011).

Published 29 Oct, 2011 12:00am
ACLC official held on selling stolen vehicles

ACLC official held on selling stolen vehicles

Sindh police on Friday claimed to have arrested an official of Anti Car Lifting Cell (ACLC) over the charge of selling stolen vehicles in Balochistan. According to the police sources, the action was taken by Crime Investigation Department (CID) on the com
Published 29 Oct, 2011 12:00am
Shia scholar gunned down

Shia scholar gunned down

A religious scholar belonging to Shia sect was gunned down in the limits of Aram Bagh police station, on Friday. According to police, Kausar Zaidi, 50, son of Khursheed Zaidi was targeted by armed pillion riders when he was going on his bike. The victim r
Published 29 Oct, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (October 28, 2011).

Published 29 Oct, 2011 12:00am
'UN Day-Planting Peace' organised

'UN Day-Planting Peace' organised

Islamabad College of Arts and Sciences (ICAS) in collaboration with the United States Educational Foundation in Pakistan (USEFP) organised the "UN Day-Planting Peace" aimed at providing a platform to students to discuss and recommend solutions to issues o
Published 29 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 28, 2011).

Published 29 Oct, 2011 12:00am
DCO, SCCI discuss traders' problems

DCO, SCCI discuss traders' problems

On the directives of the Chief Minister District Co-ordination Officer (DCO) Peshawar Siraj Ahmad Khan held a meeting with President and cabinet members of Khyber-Pakhtunkhwa Chamber of Commerce on Friday to discuss the problems being faced by the traders
Published 29 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 28, 2011).

Published 29 Oct, 2011 12:00am
SCBA polls today as tough fight between Rizvi, Azad expected

SCBA polls today as tough fight between Rizvi, Azad expected

The annual elections of Supreme Court Bar Association (SCBA) would be held today (Saturday), as tough fight is predicted between Rasheed A Rizvi and Yasin Azad for the presidential slot of the Bar. Significance of the SCBA's elections has increased manifo
Published 29 Oct, 2011 12:00am
TCP awards tender for urea import

TCP awards tender for urea import

Trading Corporation of Pakistan (TCP), in response to its international Gallop tender notice published on October 21, 2011, issued award letters for a total of 2,15,000 metric tons (MTs) of urea at the rate of US $538 per metric ton (PMT) C&F, on the lowe
Published 29 Oct, 2011 12:00am
OPF provides 528 jobs across country in three years

OPF provides 528 jobs across country in three years

The Ministry of Overseas Pakistanis appointed around 528 people over the last three years, across the country. Secretary Overseas Pakistanis K.B Rind informed the National Assembly Standing Committee on overseas Pakistanis that met with Muhammad Jadam Man
Published 29 Oct, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Rates moved both ways on the currency market on Friday in process of trading, dealers said. The rupee rose by 17 paisa in relation to dollar for buying at 86.58 and picked up 18 paisa for selling at 86.62, they said.
Published 29 Oct, 2011 12:00am
PML-N leader raps Babar Awan

PML-N leader raps Babar Awan

PML-N leader Mian Marghoob Ahmad said that the massive rally "Go Zardari Go" has stunned the corrupt leadership of PPP in general and Dr Babar Awan in particular. Dr Babar Awan while loosing his senses, is using vulgar language against 'Sharif Brothers',
Published 29 Oct, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Rates moved both ways on the currency market on Friday in process of trading, dealers said. The rupee rose by 17 paisa in relation to dollar for buying at 86.58 and picked up 18 paisa for selling at 86.62, they said.
Published 29 Oct, 2011 12:00am
PCGA rejects CCAC's cotton production estimates as baseless

PCGA rejects CCAC's cotton production estimates as baseless

The Pakistan Cotton Ginners Association (PCGA) has rejected the cotton production estimate of the Cotton Crop Assessment Committee (CCAC) describing it unfair and exaggerated and said that cotton production for 2011-12 would not be less than 15 million ba
Published 29 Oct, 2011 12:00am
'Efficient, well-functioning police force crucial'

'Efficient, well-functioning police force crucial'

Police is unable to counter the rising crime rate and deteriorating law and order situation here because of them being ill equipped, inadequately trained and insufficient in number. An efficient, well functioning police service is critical to counter insu
Published 29 Oct, 2011 12:00am
Soneri Bank posts Rs 750.16 million profit after tax

Soneri Bank posts Rs 750.16 million profit after tax

Soneri Bank Limited posted a profit after tax of Rs 750.16 million for the third quarter period ended September 30, 2011. Total assets of the Bank closed at Rs 123,349.91 million, which are up 14.10 percent from the December 2010 levels. This growth was p
Published 29 Oct, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (October 28, 2011).

Published 29 Oct, 2011 12:00am
Soneri Bank posts Rs 750.16 million profit after tax

Soneri Bank posts Rs 750.16 million profit after tax

Soneri Bank Limited posted a profit after tax of Rs 750.16 million for the third quarter period ended September 30, 2011. Total assets of the Bank closed at Rs 123,349.91 million, which are up 14.10 percent from the December 2010 levels. This growth was p
Published 29 Oct, 2011 12:00am
Khosa criticise Punjab government performance

Khosa criticise Punjab government performance

Punjab Governor Latif Khan Khosa talking to journalists in a human rights function at Lahore on Friday has said that provincial government of Punjab was tarnishing the image of the country in the World. He said people were dying from dengue, while circles
Published 29 Oct, 2011 12:00am
Rainwater drainage from farmlands demanded

Rainwater drainage from farmlands demanded

The representatives of farmers' community have demanded draining out water from the farmlands so that they could timely sow the wheat crop of Rabi (winter) season At a meeting of Sindh Chamber of Agriculture, here on Friday, the growers estimated that aro
Published 29 Oct, 2011 12:00am
Indian firm launches gold, diamond ''cash machine''

Indian firm launches gold, diamond ''cash machine''

An Indian company has launched what it says is the world''s first "cash machine" that dispenses gold and silver coins and diamond-studded jewellery. The Gitanjali Group launched the Gold and Diamond automatic teller machine at a central Mumbai shopping ma
Published 29 Oct, 2011 12:00am
Indian firm launches gold, diamond 'cash machine'

Indian firm launches gold, diamond 'cash machine'

An Indian company has launched what it says is the world's first "cash machine" that dispenses gold and silver coins and diamond-studded jewellery. The Gitanjali Group launched the Gold and Diamond automatic teller machine at a central Mumbai shopping mal
Published 29 Oct, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Oct, 2011 12:00am
Indian firm launches gold, diamond 'cash machine'

Indian firm launches gold, diamond 'cash machine'

An Indian company has launched what it says is the world's first "cash machine" that dispenses gold and silver coins and diamond-studded jewellery. The Gitanjali Group launched the Gold and Diamond automatic teller machine at a central Mumbai shopping mal
Published 29 Oct, 2011 12:00am
Board meetings in progress

Board meetings in progress

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

Published 29 Oct, 2011 12:00am
KSEW to build missile carrier craft for PN

KSEW to build missile carrier craft for PN

Karachi Shipyard and Engineering Works (KSEW) will build a Fast Attack Craft (FAC) for Pakistan Navy in collaboration with the Chinese company 'China Shipbuilding and Offshore Company (CSOC) (Pvt) Limited. "We hope to complete the project of the 'Attack C
Published 29 Oct, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Oct, 2011 12:00am
KSEW to build missile carrier craft for PN

KSEW to build missile carrier craft for PN

Karachi Shipyard and Engineering Works (KSEW) will build a Fast Attack Craft (FAC) for Pakistan Navy in collaboration with the Chinese company 'China Shipbuilding and Offshore Company (CSOC) (Pvt) Limited. "We hope to complete the project of the 'Attack C
Published 29 Oct, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 29 Oct, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Oct, 2011 12:00am
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