News Archives for Print - 2011-11-02 - Business Recorder

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Print - 2011-11-02

Wapda and Pepco: over 140,000 workers protest against CEs, privatisation

Wapda and Pepco: over 140,000 workers protest against CEs, privatisation

As many as 140,000 employees of Water and Power Development Authority (Wapda) and Pakistan Electric Power Company (Pepco) demonstrated against privatisation and appointment of private chief executives in electric supply companies on Tuesday.

Published 02 Nov, 2011 12:00am

A pseudo 'socialist'

A pseudo 'socialist'

One does not know whether to laugh, cry or just sympathise with Senator Raza Rabbani for his ludicrously daft utterances. The other day, as a true disciple of Marx and Lenin, while speaking on the floor of the house, lamenting the free market economy, the

Published 02 Nov, 2011 12:00am

Germany's Pirate Party must deliver to avoid shipwreck

Germany's Pirate Party must deliver to avoid shipwreck

The German Pirate Party, with its appeal to younger, internet-savvy voters disillusioned with the country's established parties, enjoyed a surprise success during recent state elections in Berlin, gaining 8.9 percent of the vote. However, German voters ar

Published 02 Nov, 2011 12:00am

Labour judiciary losing its sparkle - I

Labour judiciary losing its sparkle - I

Healthy industrial relations are of paramount importance. The existing Labour Legislation and machinery provided for enforcement and implementation of labour laws, namely Labour Court, Labour Appellate Tribunal and the National Industrial Relations Commis

Published 02 Nov, 2011 12:00am

Managing easy monetary policy

Managing easy monetary policy

With two consecutive downward adjustments of policy rates, many see it as a beginning of an era of easy monetary policy till the country is in an election mode. While the jury is still out there whether the easing will fuel inflation more than it will hel

Published 02 Nov, 2011 12:00am

Unverified SIMs and crime

Unverified SIMs and crime

The Citizen Police Liaison Committee (CPLC) meeting at the Karachi Governor's House on Sunday concluded that the issuance of unverified Subscriber Identity Module (SIM) is a major cause of criminal activities and a hurdle to investigation of crime. In a s

Published 02 Nov, 2011 12:00am

Change versus status quo

Change versus status quo

After years of wandering in political wilderness Imran Khan appears to have finally arrived at the scene, and what an arrival; his rally in Lahore on Sunday is said to be one of the biggest-ever in that city and immeasurably wild with joy and in high spir

Published 02 Nov, 2011 12:00am

Dragging Railways to oblivion

Dragging Railways to oblivion

It is tragic to witness that one of the giants of public sector entities (PSEs), Pakistan Railways, is on the brink of demise owing to profound mismanagement and massive corruption that have brought it to this critical juncture where this sick institution

Published 02 Nov, 2011 12:00am

Bajwa assumes charge of FPCCI acting president

Bajwa assumes charge of FPCCI acting president

Chaudhry Aamer Ata Bajwa, Vice President, Federation of Pakistan Chamber of Commerce and Industry (FPCCI), has assumed the charge of acting president of the chamber in the absence of FPCCI President, Senator Haji Ghulam Ali who is currently visiting Russi

Published 02 Nov, 2011 12:00am

Standard Chartered enhances 'Saadiq' services

Standard Chartered enhances 'Saadiq' services

Standard Char-tered has enhanced its Islamic banking offer for customers who want high quality Shariah-compliant banking products and services. 'Saadiq', which means truthful, is the global Islamic banking brand of the bank. The enhanced Saadiq suite incl

Published 02 Nov, 2011 12:00am

APML to hold rally in Hyderabad on November 16

APML to hold rally in Hyderabad on November 16

All Pakistan Muslim League (APML) on Tuesday announced to hold a public rally against the key issues including inflation and deteriorating law and order in the country on November 16 in Hyderabad, with one in Karachi to follow soon after. Speaking at a jo

Published 02 Nov, 2011 12:00am

APNS condoles with Khushnood

APNS condoles with Khushnood

The All Pakistan Newspapers Society on Tuesday expressed profound grief over the sad demise of Malik Ghulam Qadir, father of Khushnood Ali Khan, Chief Editor, Daily Sahafat and Daily Jinnah. The APNS offered condolences to the bereaved family and prayed t

Published 02 Nov, 2011 12:00am

Nawab Bugti case: BHC orders extradition of accused

Nawab Bugti case: BHC orders extradition of accused

Balochistan High Court on Tuesday ordered extradition of the accused nominated in the killing of Nawab Akbar Khan Bugti in Kohlu district of Balochistan in August 2006. The Division Bench of the High Court consisted of the Chief Justice Balochistan High C

Published 02 Nov, 2011 12:00am

Five alleged criminals arrested

Five alleged criminals arrested

Law enforcement agencies on Tuesday nabbed five criminals during raids in different areas of city and recovered arms from their possession. Police sources said that in joint operation conducted by police and Rangers in sector 4-D Sarjani Town and rounded

Published 02 Nov, 2011 12:00am

Etihad offers 50 percent discount for next 48 hours

Etihad offers 50 percent discount for next 48 hours

Etihad Airways, the national airline of the United Arab Emirates, is once again offering amazing discounts on fares in the Coral Economy Class, to its passengers in Pakistan, planning to travel before December 14. Discounts of up to 50 percent will be off

Published 02 Nov, 2011 12:00am

Silkbank announces Rs 398.8 million third quarter 2011 profit

Silkbank announces Rs 398.8 million third quarter 2011 profit

Silkbank has announced the results for the period ended September 30, 2011. The Bank's profit before tax increased from a loss of Rs 830.8 million in September 30, 2010 to a profit of Rs 398.8 million in September 30, 2011.

Published 02 Nov, 2011 12:00am

Silkbank announces Rs 398.8 million third quarter 2011 profit

Silkbank announces Rs 398.8 million third quarter 2011 profit

Silkbank has announced the results for the period ended September 30, 2011. The Bank's profit before tax increased from a loss of Rs 830.8 million in September 30, 2010 to a profit of Rs 398.8 million in September 30, 2011.

Published 02 Nov, 2011 12:00am

Pensioners could get benefits soon after retirement: chief secretary Sindh

Pensioners could get benefits soon after retirement: chief secretary Sindh

The Chief Secretary Sindh Raja Muhammad Abbas said on Tuesday the pension cases would be decided in a way that the pensioners could get benefits on the very next day of their retirement. While presiding over a meeting regarding Human Rights cases, Raja Mu

Published 02 Nov, 2011 12:00am

'Auction of mortgaged property' law challenged

'Auction of mortgaged property' law challenged

A division bench of Sindh High Court has issued notices in a petition challenging the Section 15 of the Financial Institution(s) Recovery of Finances Ordinance 2001, to the respondents for November 4. The counsel for petitioner Saalim Salam Ansari submitt

Published 02 Nov, 2011 12:00am

TRG to organise Learning Festival 2011

TRG to organise Learning Festival 2011

The Trainer's Resource Group (TRG) will organise Learning Festival 2011, a combined effort to shape and shine the learning industry, with the core objective of strengthening the Training & Development Industry in Pakistan along with PR partners for this e

Published 02 Nov, 2011 12:00am

Targeted killings resurging as former councillor killed

Targeted killings resurging as former councillor killed

An advocate of high court and a former UC councilor of the ruling Pakistan People's Party (PPP) were gunned down in separate incidents in the metropolis here on Tuesday, as police fears resurgence of target killing in the commercial hub of the country. Th

Published 02 Nov, 2011 12:00am

Artist moves LHC against non-release of grant

Artist moves LHC against non-release of grant

An artist Ijaz Lohar has filed a petition before the Lahore High Court for release of financial grant announced by chief minister Punjab. The petitioner, through his counsel, submitted that the chief minister had seven months ago announced to give him Rs

Published 02 Nov, 2011 12:00am

Vice-Admiral Abbas takes over as Commander Karachi

Vice-Admiral Abbas takes over as Commander Karachi

Vice Admiral Abbas Raza has taken over the charge of Commander Karachi with immediate effect. An ISPR (Navy) press release on Tuesday said that in capacity of Commander Karachi, he would be Incharge of all Pakistan Navy units and establishments ashore at

Published 02 Nov, 2011 12:00am

MFN status to India: Government's decision to delay matter flayed

MFN status to India: Government's decision to delay matter flayed

Central Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), Shehzad Salim has strongly criticised the news report that the government has decided to put on hold the issue of granting MFN status to India after receiving h

Published 02 Nov, 2011 12:00am

Punjab committed to curbing all sorts of crimes: Rana Sanaullah

Punjab committed to curbing all sorts of crimes: Rana Sanaullah

Punjab Government is committed to control the crimes in the society and maintain law-and-order situation in the province. Necessary planning is being devised for the uplift of law enforcement agencies by providing them most modern and sophisticated resour

Published 02 Nov, 2011 12:00am

Neelum-Jehlum Hydro Power Project: delay in execution of project irks Gilani

Neelum-Jehlum Hydro Power Project: delay in execution of project irks Gilani

Prime Minister Syed Yousuf Raza Gilani while expressing deep concern over the long delay in the Neelum-Jehlum Hydro Power Project asked the Ministry of Water and Power and Wapda to workout the financial plan in consultation with the Ministry of Finance so

Published 02 Nov, 2011 12:00am

Khyber Pakhtunkhwa has potential for sustainable economic growth: Hoti

Khyber Pakhtunkhwa has potential for sustainable economic growth: Hoti

Khyber Pakhtunkhwa Chief Minister Amir Haider Khan Hoti has said that the ANP government has the potential to lead the province towards sustainable economic development. Saying durable peace and security are key to determine the future of the whole region

Published 02 Nov, 2011 12:00am

Winter season: Cabinet may approve gas load management plan today

Winter season: Cabinet may approve gas load management plan today

The federal cabinet is likely to approve gas-load management plan for upcoming winter season today (Wednesday), official sources said. According to officials at Ministry of Petroleum and Natural Resources, the ministry has worked-out the gas load-manageme

Published 02 Nov, 2011 12:00am

ITP devises special traffic plan

ITP devises special traffic plan

Special arrangements have been made to ensure smooth flow of traffic and avoid any inconvenience to road users at Cattle market in sector I-11/1. A spokesman of the Islamabad Traffic Police (ITP) said 53 policemen including three Inspectors, 34 Sub-Inspec

Published 02 Nov, 2011 12:00am

PTCL landline services enhanced

PTCL landline services enhanced

Pakistan Telecommunication Company Limited (PTCL) has introduced a variety of value-added packages for its landline services at unbeatable new rates. PTCL is now offering unlimited on-net calls on Sundays, zero line rent budget packages, Double Play Packa

Published 02 Nov, 2011 12:00am

Afghanistan issue: 'regional countries to play supportive role'

Afghanistan issue: 'regional countries to play supportive role'

Foreign Minister, Hina Rabbani Khar Tuesday said the neighbouring countries should have only supportive role in ensuring peace, security and territorial integrity of Afghanistan and the Istanbul Regional Conference would help further this cherished object

Published 02 Nov, 2011 12:00am

Condolence

Condolence

Punjab Chief Minister Muhammad Shahbaz Sharif here on Tuesday has expressed deep sense of sorrow and grief over the sad demise of father of senior columnist Khusnood Ali Khan. In a condolence message, the Chief Minister prayed that may Allah Almighty rest

Published 02 Nov, 2011 12:00am

USAID remained largest assistance provider in October

USAID remained largest assistance provider in October

Pakistan received 240.8 million dollars as external assistance in the first month of the second quarter (October-December) of the current fiscal year 2011-12. According to data available with Business Recorder, USAID has remained the largest assistance pr

Published 02 Nov, 2011 12:00am

PCGA, CCAC at loggerhead over cotton output estimate

PCGA, CCAC at loggerhead over cotton output estimate

Ministry of Textile Industry and the Pakistan Cotton Ginners Association (PCGA) are at loggerhead over the cotton production estimate for 2011-12. The Cotton Crop Assessment Committee (CCAC) recently in its first ever meeting projected cotton production i

Published 02 Nov, 2011 12:00am

16 Kashmiris martyred in October

16 Kashmiris martyred in October

Indian troops, in their continued acts of state terrorism, martyred 16 Kashmiris including a child in the last month of October in Indian Occupied Kashmir. According to the data issued by the Research Section of Kashmir Media Service on Tuesday, these kil

Published 02 Nov, 2011 12:00am

Wapda employees protest against devolving of Pepco

Wapda employees protest against devolving of Pepco

Hundreds of Wapda employees rallied on Tuesday against devolving of Pakistan Electric Power Company (Pepco) and proposed privatisation of Wapda. Employees from different Wapda divisions across the Khyber Pakhtunkhwa, gathered at headquarter under the bann

Published 02 Nov, 2011 12:00am

Abbottabad Commission conducts interviews

Abbottabad Commission conducts interviews

A meeting of the Inquiry Commission on Abbottabad Operation was held in the Cabinet Division on Tuesday under the chairmanship of Javed Iqbal, Former Senior Judge of the Supreme Court of Pakistan and the President of the Commission. The Commission conduct

Published 02 Nov, 2011 12:00am

US team calls on Commissioner

US team calls on Commissioner

A delegation headed by US Counsul General Ms Neena M Fite called on Divisional Commissioner Tahir Hussain here on Tuesday at his office. The Commissioner welcomed the delegation and gave briefing about the historical, geographical, cultural and industrial

Published 02 Nov, 2011 12:00am

Pakistan, Turkey vow to expand cooperation for regional progress

Pakistan, Turkey vow to expand cooperation for regional progress

Pakistan and Turkey on Tuesday vowed to further expand their strong, friendly and brotherly ties to play more active and pivotal role in peace, progress and stability in the region and for the welfare of the people of two countries.

Published 02 Nov, 2011 12:00am

Government providing health facilities to thousands of flood-affected people

Government providing health facilities to thousands of flood-affected people

The Director General Health Services Sindh has said that government is remained busy in providing health facilities to hundreds of thousands of people affected due to heavy monsoon rains in Sindh. He informed that up till now 15,27,708 patients had been t

Published 02 Nov, 2011 12:00am

Withdrawal of increased water tariff: no progress made despite Ibad's assurance

Withdrawal of increased water tariff: no progress made despite Ibad's assurance

No progress has been made so far on the issue of water tariff despite the assurance of Sindh Governor Dr Ishrat-ul-Ebad to business and industrial community that Karachi Water and Sewerage Board (KWSB) will take back its recent decision of 82 percent incr

Published 02 Nov, 2011 12:00am

E&T department admits increase of illicit liquor sale in Karachi

E&T department admits increase of illicit liquor sale in Karachi

Provincial Secretary Excise & Taxation (E&T) department Manzoor Memon has admitted that consumption of illicit liquor in Karachi has been increased when M/s Murree Brewery has significantly dropped its sale in Sindh. This was stated in a report submitted

Published 02 Nov, 2011 12:00am

Serbia nabs 74 Afghan, Pakistani EU-bound migrants

Serbia nabs 74 Afghan, Pakistani EU-bound migrants

Serbian police said Tuesday they have detained 74 Afghan and Pakistani migrant and arrested two Serbian citizens who tried to organise their illegal entry into European Union countries. The migrants - 65 Afghan and nine Pakistani nationals - illegally ent

Published 02 Nov, 2011 12:00am

Seven asylum seekers dead in Indonesian boat capsize

Seven asylum seekers dead in Indonesian boat capsize

At least seven asylum seekers drowned and scores more were missing when a wooden boat sunk off Indonesia's West Java province on Tuesday, an official said. The boat, carrying migrants from Afghanistan, Iran and Pakistan, capsized on the way to Kupang in e

Published 02 Nov, 2011 12:00am

Issue of Rated, Listed and Secured TFCs: KSE approves application for listing, quotation

Issue of Rated, Listed and Secured TFCs: KSE approves application for listing, quotation

The Karachi Stock Exchange (KSE) has approved the application for listing and quotation of second Issue of Rated, Listed and Secured Term Finance Certificates (TFCs) of Rs 2,754.8 million inclusive of Green Shoe Option of Rs 754.8 million of Engro Corpora

Published 02 Nov, 2011 12:00am

MCB Bank selects IBM and Misys to streamline treasury operations

MCB Bank selects IBM and Misys to streamline treasury operations

IBM (NYSE: IBM) and IBM Business Partner Misys have been selected by MCB Bank Limited, one of the largest private banks in Pakistan, to automate the bank's treasury operations. According to a press release, the project will improve efficiencies and help t

Published 02 Nov, 2011 12:00am

Pakistan, Turkey agree to upgrade track for Gul Train

Pakistan, Turkey agree to upgrade track for Gul Train

The proposed Gul Train project took a step forward on Tuesday when the Presidents of Pakistan and Turkey agreed to further upgrade it so as to cover the distance between Ankara and Islamabad in just 11 days instead of 16 days. The project idea was first f

Published 02 Nov, 2011 12:00am

PIA carries 110,726 intending pilgrims to Jeddah

PIA carries 110,726 intending pilgrims to Jeddah

PIA operated 273 flights carrying 110,726 intending pilgrims from 07 major cities of Pakistan in 32 days using 7 dedicated aircraft of the PIA fleet up to October 31, 2011, PIA spokesman said on Tuesday. PIA operated 265 Pre-Hajj flights and 14 weekly sch

Published 02 Nov, 2011 12:00am

PTI reacts to false allegations made by Nisar

PTI reacts to false allegations made by Nisar

Pakistan Tehreek-e-Insaf (PTI) has reacted strongly to the false allegations that Chaudhry Nisar has levelled against Imran Khan. In a statement issued from the PTI's Secretariat here on Tuesday, Raoof Hasan, Central Vice President, Information & Media sa

Published 02 Nov, 2011 12:00am

Anti-government drive: PML-N leadership seems confused about targets

Anti-government drive: PML-N leadership seems confused about targets

Pakistan Muslim League-Nawaz (PML-N) leadership seemed confused about the targets of its on-going anti-government drive, as the party leadership is not answering clearly a number of queries in this regard.

Published 02 Nov, 2011 12:00am

Petroleum prices should be cut down: KBP chief

Petroleum prices should be cut down: KBP chief

The Kisan Board Pakistan (KBP) President, Sardar Zafar Hussein Khan strongly condemned alleged rejection of a summary by the finance ministry about decreasing the petroleum prices by Rs 4.55, a statement said on Tuesday. The prices of agricultural inputs

Published 02 Nov, 2011 12:00am

China's CRBC donates RMB one million for flood victims

China's CRBC donates RMB one million for flood victims

China Road and Bridge Corporation (CRBC) on Tuesday donated one million Chinese Yuan for the flood affected people of Pakistan. CRBC Vice President Liu Hong, while handing over the cheque to Ambassador Masood Khan here at the Pakistan Embassy, said Chines

Published 02 Nov, 2011 12:00am

Afghanistan, Pakistan to cooperate in Rabbani murder probe

Afghanistan, Pakistan to cooperate in Rabbani murder probe

Afghanistan and Pakistan on Tuesday agreed to cooperate with an investigation into the murder of former Afghan leader and peace negotiator Burhanuddin Rabbani, the Turkish president said.

Published 02 Nov, 2011 12:00am

Non-release of FATA development funds: opposition, ANP stage walk out from Senate

Non-release of FATA development funds: opposition, ANP stage walk out from Senate

The opposition as well as Awami National Party's (ANP) senators on Tuesday staged a token walkout from Senate against the federal government for non-payment of royalty on hydro power generation to Khyber Pakhtunkhwa and non-release of funds to FATA member

Published 02 Nov, 2011 12:00am

Syria's nuclear 'ambitions'?

Syria's nuclear 'ambitions'?

UN investigators are said to have identified a previously unknown complex in Syria that bolsters suspicions that the Syrian government worked with A.Q. Khan, to acquire technology that could make nuclear arms. The buildings in north-west Syria closely mat

Published 02 Nov, 2011 12:00am

Widespread rains forecast for southern part of country

Widespread rains forecast for southern part of country

The Met Office on Tuesday forecast widespread rains are likely to hit southern parts of the country from Tuesday to Thursday as the western disturbance persists on the northern areas. Under the severe weather warning, the forecaster said "widespread Rains

Published 02 Nov, 2011 12:00am

CI Rules 1996, DST Regulations: SECP holds roundtable to review proposed amendments

CI Rules 1996, DST Regulations: SECP holds roundtable to review proposed amendments

The Securities and Exchange Commission of Pakistan (SECP) held a roundtable meetings in Karachi with external stakeholders to review the proposed amendments to the Companies (Issue of Capital) Rules, 1996 (CI Rules) and the draft Debt Securities Trustee R

Published 02 Nov, 2011 12:00am

'Collective efforts needed to curb dengue virus'

'Collective efforts needed to curb dengue virus'

The Deputy Speaker Punjab Assembly, Rana Mashood asked the youth to come forward to save the nation from menace of dengue, here on Tuesday. Speaking about the efforts of Punjab Government in curbing the danger, he said some well co-ordinated effort proved

Published 02 Nov, 2011 12:00am

National Assembly summoned on November 14

National Assembly summoned on November 14

The President summoned the session of the National Assembly on 14th November 2011 at 4:00pm in the Parliament House. The President has summoned the National Assembly Session in exercise of powers conferred by clause (1) of Article 54 of the Constitution o

Published 02 Nov, 2011 12:00am

Architectural planning, design of projects: Nespak accelerates pace of work

Architectural planning, design of projects: Nespak accelerates pace of work

National Enginee-ring Services Pakistan (Nespak) (PVT) Limited a leading organisation of consulting engineers, has accelerated the pace of work on the architectural planning and design of 34 local and foreign projects of worth Rs 32 billion during the yea

Published 02 Nov, 2011 12:00am

Local bodies in Sindh: PPP, MQM agree to introduce new system

Local bodies in Sindh: PPP, MQM agree to introduce new system

Pakistan People's Party (PPP) and Muttahida Qaumi Movement (MQM) have agreed to introduce a new local bodies system in Sindh province including Karachi. Talking to media MQM's provincial minister Sardar Ahmed confirmed that the new local bodies system wou

Published 02 Nov, 2011 12:00am

20 percent Special Cash Reserve Account: remuneration rate for November to be zero: SBP

20 percent Special Cash Reserve Account: remuneration rate for November to be zero: SBP

The rate of remuneration on 20 percent Special Cash Reserve Account (US$) maintained by banks/NBFIs (non-banking financial institutions) with the State Bank of Pakistan (SBP) for the month of November 2011 will be zero percent per annum. This was announce

Published 02 Nov, 2011 12:00am

Pakistan to forfeit final IMF loan tranche: FT

Pakistan to forfeit final IMF loan tranche: FT

Pakistan will not take up the final $3.7 billion tranche of an International Monetary Fund loan package after rejecting strict reform demands, the Financial Times said Tuesday. Finance Minister Abdul Hafeez Shaikh told the daily that the IMF conditions we

Published 02 Nov, 2011 12:00am

SCCI team meets IGP in Peshawar

SCCI team meets IGP in Peshawar

Sarhad Chamber of Commerce & Industry (SCCI), delegation held a meeting with Inspector General of Police (IGP) Nawabzada Akbar Khan Hoti and praised the police forces efforts of establishment of peace in the provincial metropolis Peshawar. The SCCI delega

Published 02 Nov, 2011 12:00am

SPSC Hyderabad notification

SPSC Hyderabad notification

The Sindh Public Service Commission Hyderabad has announced the names of successful candidates who were interviewed for the post of Subject Specialist Education (male/female) BPS-17 in Education and Literacy Department, Government of sindh in the month of

Published 02 Nov, 2011 12:00am

Maulana Sami-ul-Haq offers to help in Afghan talks

Maulana Sami-ul-Haq offers to help in Afghan talks

At the hard-line Islamic school that spawned a generation of Afghan Taliban leaders, the top cleric still lectures his students to go to Afghanistan to fight Americans. But he says he's willing to help bring insurgents to peace talks.

Published 02 Nov, 2011 12:00am

SRB collects Rs six billion in first three months

SRB collects Rs six billion in first three months

Sindh Revenue Board (SRB) has completed its first quarter of collection of Sales Tax on Services (SToS) on 31st October 2011, within the period of three months from 1st July to 31st October, it has collected Rs 6 billion, Business Recorder learnt o

Published 02 Nov, 2011 12:00am

The Weather

The Weather

The weather report on Tuesday (November 01, 2011) and the forecast for Wednesday (November 02, 2011).

Published 02 Nov, 2011 12:00am

Shipment of urea disallowed

Shipment of urea disallowed

Engro Corporation on Tuesday said that officials of the Excise Department arrived at Engro Fertilizer's plant in Daharki and informed the plant management that they had verbal orders not to allow any urea shipment to leave the plant. "This action is clear

Published 02 Nov, 2011 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 01, 2011).

Published 02 Nov, 2011 12:00am

US sanctions Haqqani network commander

US sanctions Haqqani network commander

The United States took action Tuesday aimed at ensuring that a jailed commander of the militant Haqqani network or his associates never benefit from funds under American jurisdiction. The State Department blacklisted commander Mali Khan under an executive

Published 02 Nov, 2011 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 01, 2011).

Published 02 Nov, 2011 12:00am

BRIndex30 down by 111.42 points

BRIndex30 down by 111.42 points

On Tuesday, BRIndex30 opened at 9,212.02. It touched an intraday high of 9,355.40 and an intraday low of 9,053.15 and closed at 9,100.60 which was -111.42 points or -1.21 percent lower than previous close. Total volume was 66,819,919, which was 79.17 perc

Published 02 Nov, 2011 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 02 Nov, 2011 12:00am

BRIndex30 down by 111.42 points

BRIndex30 down by 111.42 points

On Tuesday, BRIndex30 opened at 9,212.02. It touched an intraday high of 9,355.40 and an intraday low of 9,053.15 and closed at 9,100.60 which was -111.42 points or -1.21 percent lower than previous close. Total volume was 66,819,919, which was 79.17 perc

Published 02 Nov, 2011 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 02 Nov, 2011 12:00am

Index ends below 12,000 psychological line

Index ends below 12,000 psychological line

The KSE-100 index on Tuesday lost 106.16 points and closed at the level of 11,762.72 points due to profit-taking mainly by local investors and institutions. The market opened on a strong positive note and the index breached 12,000 psychological level to h

Published 02 Nov, 2011 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (November 01, 2011).

Published 02 Nov, 2011 12:00am

Index ends below 12,000 psychological line

Index ends below 12,000 psychological line

The KSE-100 index on Tuesday lost 106.16 points and closed at the level of 11,762.72 points due to profit-taking mainly by local investors and institutions. The market opened on a strong positive note and the index breached 12,000 psychological level to h

Published 02 Nov, 2011 12:00am

Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (November 01, 2011) and for Wednesday (November 02, 2011).

Published 02 Nov, 2011 12:00am

Index ends below 12,000 psychological line

Index ends below 12,000 psychological line

The KSE-100 index on Tuesday lost 106.16 points and closed at the level of 11,762.72 points due to profit-taking mainly by local investors and institutions. The market opened on a strong positive note and the index breached 12,000 psychological level to h

Published 02 Nov, 2011 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (November 01, 2011).

Published 02 Nov, 2011 12:00am

First Quarter corporate profits soar by 43 percent

First Quarter corporate profits soar by 43 percent

Led by growth in the heavyweight E&P and banks along with fertiliser and cement sectors, the corporate profits during the first quarter of FY12 soared by 43 percent over the same period last year. However, KSE-100 failed to act in a likewise manner, gaini

Published 02 Nov, 2011 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (November 01, 2011).

Published 02 Nov, 2011 12:00am

First Quarter corporate profits soar by 43 percent

First Quarter corporate profits soar by 43 percent

Led by growth in the heavyweight E&P and banks along with fertiliser and cement sectors, the corporate profits during the first quarter of FY12 soared by 43 percent over the same period last year. However, KSE-100 failed to act in a likewise manner, gaini

Published 02 Nov, 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 (November 01, 2011).

Published 02 Nov, 2011 12:00am

First Quarter corporate profits soar by 43 percent

First Quarter corporate profits soar by 43 percent

Led by growth in the heavyweight E&P and banks along with fertiliser and cement sectors, the corporate profits during the first quarter of FY12 soared by 43 percent over the same period last year. However, KSE-100 failed to act in a likewise manner, gaini

Published 02 Nov, 2011 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 01, 2011).

Published 02 Nov, 2011 12:00am

New low BTU gas policy 2011 prepared

New low BTU gas policy 2011 prepared

Ministry of Petroleum and Natural Resources has prepared new low British Thermal Unit (BTU) gas policy 2011, according to which the producers will be allowed a zero duty/zero regime for all imports for the development of low BTU gas fields.

Published 02 Nov, 2011 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 01, 2011).

Published 02 Nov, 2011 12:00am

New low BTU gas policy 2011 prepared

New low BTU gas policy 2011 prepared

Ministry of Petroleum and Natural Resources has prepared new low British Thermal Unit (BTU) gas policy 2011, according to which the producers will be allowed a zero duty/zero regime for all imports for the development of low BTU gas fields.

Published 02 Nov, 2011 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (November 01, 2011).

Published 02 Nov, 2011 12:00am

New low BTU gas policy 2011 prepared

New low BTU gas policy 2011 prepared

Ministry of Petroleum and Natural Resources has prepared new low British Thermal Unit (BTU) gas policy 2011, according to which the producers will be allowed a zero duty/zero regime for all imports for the development of low BTU gas fields.

Published 02 Nov, 2011 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (November 01, 2011).

Published 02 Nov, 2011 12:00am

Prime Minister terms calls for early poll 'frivolous' demand

Prime Minister terms calls for early poll 'frivolous' demand

Prime Minister Syed Yousuf Raza Gilani has said opposition is required to follow the Constitution and mobilise masses for elections in 2013 as call for an early poll is a frivolous demand. Speaking in an online television programme hosted jointly by AA

Published 02 Nov, 2011 12:00am

THE RUPEE: hefty gains all round

The rupee extended its overnight gains versus dollar and euro in process of trading, dealers said. The rupee rose by 58 paisa in relation to dollar for buying at 85.90 and picked up 52 paisa for selling at 86.00, they said.
Published 02 Nov, 2011 12:00am

Prime Minister terms calls for early poll 'frivolous' demand

Prime Minister Syed Yousuf Raza Gilani has said opposition is required to follow the Constitution and mobilise masses for elections in 2013 as call for an early poll is a frivolous demand. Speaking in an online television programme hosted jointly by AA
Published 02 Nov, 2011 12:00am

THE RUPEE: hefty gains all round

The rupee extended its overnight gains versus dollar and euro in process of trading, dealers said. The rupee rose by 58 paisa in relation to dollar for buying at 85.90 and picked up 52 paisa for selling at 86.00, they said.
Published 02 Nov, 2011 12:00am

Kayani holds meeting in trilateral summit

Military chiefs from Pakistan, Afghanistan and Turkey held a meeting here on Tuesday in connection with trilateral summit being hosted by Turkish President Abdullah Gul. Chief of Army Staff General Ashfaq Parvez Kayani represented Pakistan while General N
Published 02 Nov, 2011 12:00am

0s of Debt Securities

The following were the revised rates of debt securities on Tuesday (November 01, 2011).

Published 02 Nov, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Nov 15

277.70

USD PKR Interbank Buying / Nov 15

277.50

USD to Japanese Yen / Nov 15

154.30

USD to Swiss Franc / Nov 15

0.89

Pound Sterling to USD / Nov 15

1.26

Euro to USD / Nov 15

1.05

Stock Volume

India Sensex / Nov 14

77,580.31

S&P 500 / Nov 15

5,870.62

Tokyo Nikkei / Nov 15

38,642.91

Nasdaq / Nov 15

18,680.12

Hang Seng / Nov 15

19,426.34

FTSE 100 / Nov 15

8,063.61

Dow Jones / Nov 15

43,444.99

Germany DAX 30 / Nov 15

19,210.81

Item Value

Crude Oil USD/Barrel / Nov 15

67.02

Gold 10 Grams PKR / Nov 15

233,371.60

Gold Spot USD/Ounce / Nov 15

2,563.25

Cotton US¢/pound / Nov 15

68.91

Petrol/Litre / Nov 16

248.38

Karachi Cotton PKR/37.32 KG / Nov 16

18,085

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 16

786 Investments Limited(786)

6.33

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 16

Al-Abbas Sugar Mills Limited(AABS)

609.73

▼ 0.00 (0.00%)

Agro Allianz / Nov 16

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 16

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 16

Ali Asghar Textile Mills Limited(AATM)

56.65

▼ 0.00 (0.00%)

Allied Bank / Nov 16

Allied Bank Limited(ABL)

115.07

▼ 0.00 (0.00%)

Abbott Lab. / Nov 16

Abbott Laboratories (Pakistan) Limited(ABOT)

1,008.83

▼ 0.00 (0.00%)

Abson Ind. / Nov 16

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 16

Alfalah Consumer Index ETF.(ACIETF)

12.43

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 16

786 Investments Limited(786)

6.33

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 16

Al-Abbas Sugar Mills Limited(AABS)

609.73

▲ 0.00 (0.00%)

Agro Allianz / Nov 16

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 16

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 16

Ali Asghar Textile Mills Limited(AATM)

56.65

▲ 0.00 (0.00%)

Allied Bank / Nov 16

Allied Bank Limited(ABL)

115.07

▲ 0.00 (0.00%)

Abbott Lab. / Nov 16

Abbott Laboratories (Pakistan) Limited(ABOT)

1,008.83

▲ 0.00 (0.00%)

Abson Ind. / Nov 16

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 16

Alfalah Consumer Index ETF.(ACIETF)

12.43

▲ 0.00 (0.00%)

Stock Volume

WorldCall Telecom / Nov 16

Worldcall Telecom Limited(WTL)

77,999,077

▲ 0.00

Fauji Foods Ltd / Nov 16

Fauji Foods Limited(FFL)

70,721,702

▲ 0.00

Hascol Petrol / Nov 16

Hascol Petroleum Limited(HASCOL)

55,501,231

▲ 0.00

K-Electric Ltd. / Nov 16

K-Electric Limited(KEL)

36,884,955

▲ 0.00

Sui South Gas / Nov 16

Sui Southern Gas Company Limited(SSGC)

36,294,630

▲ 0.00

D.S. Ind. Ltd. / Nov 16

D.S. Industries Limited(DSIL)

32,226,742

▲ 0.00

TRG Pak Ltd / Nov 16

TRG Pakistan Limited(TRG)

29,018,611

▲ 0.00

Pak Int.Bulk / Nov 16

Pakistan International Bulk Terminal(PIBTL)

22,405,457

▲ 0.00

Treet Battery / Nov 16

Treet Battery Limited(TBL)

21,319,898

▲ 0.00

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