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Print - 2011-11-06
Gilani due in Saint Petersburg today

Gilani due in Saint Petersburg today

Prime Minster Syed Yousuf Raza Gilani will arrive in the Russian city of Saint Petersburg on Sunday to represent Pakistan at the 10th Heads of Government moot of the Shanghai Co-operation Organisation (SCO). Gilani will attend the SCO summit on November 7
Published 06 Nov, 2011 12:00am
Ministries working on visa liberalisation: Sabharwal

Ministries working on visa liberalisation: Sabharwal

The High Commissioner of India, Sharat Sabharwal, has informed business community that interior ministries of India and Pakistan are working on visa liberalisation, and expressed hope that an agreement would be signed in the next few months. Speaking at a
Published 06 Nov, 2011 12:00am
Ministries working on visa liberalisation: Sabharwal

Ministries working on visa liberalisation: Sabharwal

The High Commissioner of India, Sharat Sabharwal, has informed business community that interior ministries of India and Pakistan are working on visa liberalisation, and expressed hope that an agreement would be signed in the next few months. Speaking at a
Published 06 Nov, 2011 12:00am
Ministries working on visa liberalisation: Sabharwal

Ministries working on visa liberalisation: Sabharwal

The High Commissioner of India, Sharat Sabharwal, has informed business community that interior ministries of India and Pakistan are working on visa liberalisation, and expressed hope that an agreement would be signed in the next few months. Speaking at a
Published 06 Nov, 2011 12:00am
Canada introduces new 'super visa' for families

Canada introduces new 'super visa' for families

Canadian officials on Friday announced a new two-year, multi-entry "super visa" for parents and grandparents of immigrants settled in Canada. The move came after wait times for sponsorship of "family class" applications had grown to an unwieldy seven year
Published 06 Nov, 2011 12:00am
Canada introduces new 'super visa' for families

Canada introduces new 'super visa' for families

Canadian officials on Friday announced a new two-year, multi-entry "super visa" for parents and grandparents of immigrants settled in Canada. The move came after wait times for sponsorship of "family class" applications had grown to an unwieldy seven year
Published 06 Nov, 2011 12:00am
Leakage in plant: Kanupp fails to submit report

Leakage in plant: Kanupp fails to submit report

The Karachi Nuclear Power Plant (Kanupp) has failed to submit the investigation report to the Pakistan Nuclear Regulatory Authority regarding the leakages in the plant even after passage of 17 days. Sources told Business Recorder here on Saturday t
Published 06 Nov, 2011 12:00am
Leakage in plant: Kanupp fails to submit report

Leakage in plant: Kanupp fails to submit report

The Karachi Nuclear Power Plant (Kanupp) has failed to submit the investigation report to the Pakistan Nuclear Regulatory Authority regarding the leakages in the plant even after passage of 17 days. Sources told Business Recorder here on Saturday t
Published 06 Nov, 2011 12:00am
Leakage in plant: Kanupp fails to submit report

Leakage in plant: Kanupp fails to submit report

The Karachi Nuclear Power Plant (Kanupp) has failed to submit the investigation report to the Pakistan Nuclear Regulatory Authority regarding the leakages in the plant even after passage of 17 days. Sources told Business Recorder here on Saturday t
Published 06 Nov, 2011 12:00am
Taliban kill five soldiers

Taliban kill five soldiers

Taliban militants launched an attack on a military convoy in north-western tribal belt on Saturday, killing five soldiers and wounding three others, security officials said. The convoy came under attack near Razmak town, more than 50 kilometres (31 miles)
Published 06 Nov, 2011 12:00am
Taliban kill five soldiers

Taliban kill five soldiers

Taliban militants launched an attack on a military convoy in north-western tribal belt on Saturday, killing five soldiers and wounding three others, security officials said. The convoy came under attack near Razmak town, more than 50 kilometres (31 miles)
Published 06 Nov, 2011 12:00am
US general relieved of duty over remarks on Karzai

US general relieved of duty over remarks on Karzai

Major General Peter Fuller, a top US commander in Afghanistan, was relieved of his duties on Friday after making comments critical of Afghan President Hamid Karzai, a senior US defence official said. US General John Allen, commander of the International S
Published 06 Nov, 2011 12:00am
US general relieved of duty over remarks on Karzai

US general relieved of duty over remarks on Karzai

Major General Peter Fuller, a top US commander in Afghanistan, was relieved of his duties on Friday after making comments critical of Afghan President Hamid Karzai, a senior US defence official said. US General John Allen, commander of the International S
Published 06 Nov, 2011 12:00am
Five zero-rated sectors: FBR issues list of 126 items

Five zero-rated sectors: FBR issues list of 126 items

The Federal Board of Revenue has issued the list of 126 items, raw materials and inputs on which sales tax will be charged at reduced rate of 5 percent for five zero-rated export sectors or such items/goods would be exempted on the import and local supply
Published 06 Nov, 2011 12:00am
Five zero-rated sectors: FBR issues list of 126 items

Five zero-rated sectors: FBR issues list of 126 items

The Federal Board of Revenue has issued the list of 126 items, raw materials and inputs on which sales tax will be charged at reduced rate of 5 percent for five zero-rated export sectors or such items/goods would be exempted on the import and local supply
Published 06 Nov, 2011 12:00am
Five zero-rated sectors: FBR issues list of 126 items

Five zero-rated sectors: FBR issues list of 126 items

The Federal Board of Revenue has issued the list of 126 items, raw materials and inputs on which sales tax will be charged at reduced rate of 5 percent for five zero-rated export sectors or such items/goods would be exempted on the import and local supply
Published 06 Nov, 2011 12:00am
Government seeks repatriation of disgraced cricketers

Government seeks repatriation of disgraced cricketers

The Pakistan government on Saturday directed the country's cricket board and its High Commission in the UK to submit a detailed report on a recent spot-fixing case in order to repatriate three jailed cricketers. Former Pakistan captain Salman Butt was han
Published 06 Nov, 2011 12:00am
Government seeks repatriation of disgraced cricketers

Government seeks repatriation of disgraced cricketers

The Pakistan government on Saturday directed the country's cricket board and its High Commission in the UK to submit a detailed report on a recent spot-fixing case in order to repatriate three jailed cricketers. Former Pakistan captain Salman Butt was han
Published 06 Nov, 2011 12:00am
Lehman Brothers share fetches 24,000 euros at auction

Lehman Brothers share fetches 24,000 euros at auction

A 50-cent share in merchant bank Lehman Brothers, whose collapse in September 2008 sparked the world economic and financial crisis, fetched 24,000 euros ($33,000) at an auction in Germany Saturday. The share, issued by the bank on May 31, 1994, used to ha
Published 06 Nov, 2011 12:00am
Lehman Brothers share fetches 24,000 euros at auction

Lehman Brothers share fetches 24,000 euros at auction

A 50-cent share in merchant bank Lehman Brothers, whose collapse in September 2008 sparked the world economic and financial crisis, fetched 24,000 euros ($33,000) at an auction in Germany Saturday. The share, issued by the bank on May 31, 1994, used to ha
Published 06 Nov, 2011 12:00am
Lehman Brothers share fetches 24,000 euros at auction

Lehman Brothers share fetches 24,000 euros at auction

A 50-cent share in merchant bank Lehman Brothers, whose collapse in September 2008 sparked the world economic and financial crisis, fetched 24,000 euros ($33,000) at an auction in Germany Saturday. The share, issued by the bank on May 31, 1994, used to ha
Published 06 Nov, 2011 12:00am
Greek parties bicker over coalition to save the nation

Greek parties bicker over coalition to save the nation

Prime Minister George Papandreou launched his campaign on Saturday for a coalition to save Greece from bankruptcy, but rival parties showed little willingness to cooperate in tackling the nation''s economic, political and social crisis. Papandreou said ne
Published 06 Nov, 2011 12:00am
Greek parties bicker over coalition to save the nation

Greek parties bicker over coalition to save the nation

Prime Minister George Papandreou launched his campaign on Saturday for a coalition to save Greece from bankruptcy, but rival parties showed little willingness to cooperate in tackling the nation's economic, political and social crisis. Papandreou said neg
Published 06 Nov, 2011 12:00am
Greek parties bicker over coalition to save the nation

Greek parties bicker over coalition to save the nation

Prime Minister George Papandreou launched his campaign on Saturday for a coalition to save Greece from bankruptcy, but rival parties showed little willingness to cooperate in tackling the nation's economic, political and social crisis. Papandreou said neg
Published 06 Nov, 2011 12:00am
Gilani inaugurates PAKSAT-1R project

Gilani inaugurates PAKSAT-1R project

Prime Minister Yousuf Raza Gilani at the inauguration of Satellite Ground Control Station & commencement of PAKSAT-1R COMMUNICATION SERVICE on Saturday said that PAKSAT-1R satellite project is yet another manifestation of the long-standing strategic relat
Published 06 Nov, 2011 12:00am
Gilani inaugurates PAKSAT-1R project

Gilani inaugurates PAKSAT-1R project

Prime Minister Yousuf Raza Gilani at the inauguration of Satellite Ground Control Station & commencement of PAKSAT-1R COMMUNICATION SERVICE on Saturday said that PAKSAT-1R satellite project is yet another manifestation of the long-standing strategic relat
Published 06 Nov, 2011 12:00am
Gilani inaugurates PAKSAT-1R project

Gilani inaugurates PAKSAT-1R project

Prime Minister Yousuf Raza Gilani at the inauguration of Satellite Ground Control Station & commencement of PAKSAT-1R COMMUNICATION SERVICE on Saturday said that PAKSAT-1R satellite project is yet another manifestation of the long-standing strategic relat
Published 06 Nov, 2011 12:00am
Pakistani bank branches: permission after green signal: RBI

Pakistani bank branches: permission after green signal: RBI

The Reserve Bank of India (RBI) has conveyed to Pakistani authorities that it cannot allow Pakistani banks to open their branches in India until the political leadership or the Union government gives green signal, sources in the Ministry of Foreign Affair
Published 06 Nov, 2011 12:00am
Pakistani bank branches: permission after green signal: RBI

Pakistani bank branches: permission after green signal: RBI

The Reserve Bank of India (RBI) has conveyed to Pakistani authorities that it cannot allow Pakistani banks to open their branches in India until the political leadership or the Union government gives green signal, sources in the Ministry of Foreign Affair
Published 06 Nov, 2011 12:00am
Pakistani bank branches: permission after green signal: RBI

Pakistani bank branches: permission after green signal: RBI

The Reserve Bank of India (RBI) has conveyed to Pakistani authorities that it cannot allow Pakistani banks to open their branches in India until the political leadership or the Union government gives green signal, sources in the Ministry of Foreign Affair
Published 06 Nov, 2011 12:00am
India says better trade to take ''some time''

India says better trade to take ''some time''

New Delhi played down on Saturday confusion about whether Pakistan was granting India most favoured trading nation status, saying such a step "could take some time." Earlier in the week, Pakistan''s cabinet announced it had approved a proposal giving Indi
Published 06 Nov, 2011 12:00am
India says better trade to take 'some time'

India says better trade to take 'some time'

New Delhi played down on Saturday confusion about whether Pakistan was granting India most favoured trading nation status, saying such a step "could take some time." Earlier in the week, Pakistan's cabinet announced it had approved a proposal giving India
Published 06 Nov, 2011 12:00am
India says better trade to take 'some time'

India says better trade to take 'some time'

New Delhi played down on Saturday confusion about whether Pakistan was granting India most favoured trading nation status, saying such a step "could take some time." Earlier in the week, Pakistan's cabinet announced it had approved a proposal giving India
Published 06 Nov, 2011 12:00am
Gilani to meet Manmohan in Maldives on November 11

Gilani to meet Manmohan in Maldives on November 11

Prime Minister Yousuf Raza Gilani will meet his Indian counterpart Dr Manmohan Singh on the sidelines of 17th Saarc Summit in Maldives on November 11. The Prime Minister will lead Pakistan''s delegation at the Saarc summit, which is being held from Novemb
Published 06 Nov, 2011 12:00am
Gilani to meet Manmohan in Maldives on November 11

Gilani to meet Manmohan in Maldives on November 11

Prime Minister Yousuf Raza Gilani will meet his Indian counterpart Dr Manmohan Singh on the sidelines of 17th Saarc Summit in Maldives on November 11. The Prime Minister will lead Pakistan's delegation at the Saarc summit, which is being held from Novembe
Published 06 Nov, 2011 12:00am
Gilani to meet Manmohan in Maldives on November 11

Gilani to meet Manmohan in Maldives on November 11

Prime Minister Yousuf Raza Gilani will meet his Indian counterpart Dr Manmohan Singh on the sidelines of 17th Saarc Summit in Maldives on November 11. The Prime Minister will lead Pakistan's delegation at the Saarc summit, which is being held from Novembe
Published 06 Nov, 2011 12:00am
Ties with India improving: Hina

Ties with India improving: Hina

Pakistan''s most troubled foreign relationships have improved in recent months, its top diplomat said on Saturday, pointing to upcoming trade talks with New Delhi and broad agreement on regional security goals with Washington as evidence. Foreign Minister
Published 06 Nov, 2011 12:00am
Ties with India improving: Hina

Ties with India improving: Hina

Pakistan's most troubled foreign relationships have improved in recent months, its top diplomat said on Saturday, pointing to upcoming trade talks with New Delhi and broad agreement on regional security goals with Washington as evidence. Foreign Minister
Published 06 Nov, 2011 12:00am
Ties with India improving: Hina

Ties with India improving: Hina

Pakistan's most troubled foreign relationships have improved in recent months, its top diplomat said on Saturday, pointing to upcoming trade talks with New Delhi and broad agreement on regional security goals with Washington as evidence. Foreign Minister
Published 06 Nov, 2011 12:00am
Wellhead price to be raised to $6 per mmbtu

Wellhead price to be raised to $6 per mmbtu

The government has decided to increase the wellhead price for the investors in the oil and gas exploration sector from the existing $4.38-5.03 per mmbtu to $6 per mmbtu, officials said. According to well-placed sources in the ministry of petroleum and nat
Published 06 Nov, 2011 12:00am
Wellhead price to be raised to $6 per mmbtu

Wellhead price to be raised to $6 per mmbtu

The government has decided to increase the wellhead price for the investors in the oil and gas exploration sector from the existing $4.38-5.03 per mmbtu to $6 per mmbtu, officials said. According to well-placed sources in the ministry of petroleum and nat
Published 06 Nov, 2011 12:00am
Wellhead price to be raised to $6 per mmbtu

Wellhead price to be raised to $6 per mmbtu

The government has decided to increase the wellhead price for the investors in the oil and gas exploration sector from the existing $4.38-5.03 per mmbtu to $6 per mmbtu, officials said. According to well-placed sources in the ministry of petroleum and nat
Published 06 Nov, 2011 12:00am
Textile industry: Minister pledges four days a week gas supply

Textile industry: Minister pledges four days a week gas supply

The Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain, has pledged of four days a week uninterrupted gas supply to the textile industry in Punjab during winter, which may further be enhanced to five days a week with entry of 200 mmcfd
Published 06 Nov, 2011 12:00am
Textile industry: Minister pledges four days a week gas supply

Textile industry: Minister pledges four days a week gas supply

The Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain, has pledged of four days a week uninterrupted gas supply to the textile industry in Punjab during winter, which may further be enhanced to five days a week with entry of 200 mmcfd
Published 06 Nov, 2011 12:00am
Textile industry: Minister pledges four days a week gas supply

Textile industry: Minister pledges four days a week gas supply

The Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain, has pledged of four days a week uninterrupted gas supply to the textile industry in Punjab during winter, which may further be enhanced to five days a week with entry of 200 mmcfd
Published 06 Nov, 2011 12:00am
Benazir murder case: ATC indicts seven accused

Benazir murder case: ATC indicts seven accused

An Anti-Terrorist Court (ATC) of Rawalpindi on Saturday indicted seven persons including former CCPO Rawalpindi, Saud Aziz and former SP Rawal Town, Khurram Shahzad in the Benazir Bhutto murder case. No indictment orders were issued for former president P
Published 06 Nov, 2011 12:00am
Benazir murder case: ATC indicts seven accused

Benazir murder case: ATC indicts seven accused

An Anti-Terrorist Court (ATC) of Rawalpindi on Saturday indicted seven persons including former CCPO Rawalpindi, Saud Aziz and former SP Rawal Town, Khurram Shahzad in the Benazir Bhutto murder case. No indictment orders were issued for former president P
Published 06 Nov, 2011 12:00am
PaCCS service: FBR asks MoF for regular payment to ''Agility''

PaCCS service: FBR asks MoF for regular payment to ''Agility''

The Federal Board of Revenue (FBR) has conveyed to the Ministry of Finance that regular payment in US dollars is necessary to Agility, Kuwait-based logistics provider, to avoid immediate shutdown of Pakistan Customs Automated Clearance System (PaCCS), whi
Published 06 Nov, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (November 05, 2011) and the forecast for Sunday (November 06, 2011).

Published 06 Nov, 2011 12:00am
PaCCS service: FBR asks MoF for regular payment to 'Agility'

PaCCS service: FBR asks MoF for regular payment to 'Agility'

The Federal Board of Revenue (FBR) has conveyed to the Ministry of Finance that regular payment in US dollars is necessary to Agility, Kuwait-based logistics provider, to avoid immediate shutdown of Pakistan Customs Automated Clearance System (PaCCS), whi
Published 06 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
PaCCS service: FBR asks MoF for regular payment to 'Agility'

PaCCS service: FBR asks MoF for regular payment to 'Agility'

The Federal Board of Revenue (FBR) has conveyed to the Ministry of Finance that regular payment in US dollars is necessary to Agility, Kuwait-based logistics provider, to avoid immediate shutdown of Pakistan Customs Automated Clearance System (PaCCS), whi
Published 06 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
LTUs, RTOs told to check flight of capital

LTUs, RTOs told to check flight of capital

Taking a serious notice of slow progress of national documentation drive, the Federal Board of Revenue (FBR) has decided to take stern action to check flight of capital outside the country, taking into account investment made by resident Pakistanis aboard
Published 06 Nov, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
LTUs, RTOs told to check flight of capital

LTUs, RTOs told to check flight of capital

Taking a serious notice of slow progress of national documentation drive, the Federal Board of Revenue (FBR) has decided to take stern action to check flight of capital outside the country, taking into account investment made by resident Pakistanis aboard
Published 06 Nov, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (November 05, 2011) and for Sunday (November 06, 2011).
Published 06 Nov, 2011 12:00am
LTUs, RTOs told to check flight of capital

LTUs, RTOs told to check flight of capital

Taking a serious notice of slow progress of national documentation drive, the Federal Board of Revenue (FBR) has decided to take stern action to check flight of capital outside the country, taking into account investment made by resident Pakistanis aboard
Published 06 Nov, 2011 12:00am
'Islam is the solution for the problems': over 2.5 million perform Hajj

'Islam is the solution for the problems': over 2.5 million perform Hajj

More than two million Muslims gathered Saturday on Saudi Arabia's Mount Arafat and its surrounding plain, marking the peak day of the hajj, the world's largest annual pilgrimage. Dressed in white garments, the pilgrims filled the Namera Mosque in Arafat a
Published 06 Nov, 2011 12:00am
'Islam is the solution for the problems': over 2.5 million perform Hajj

'Islam is the solution for the problems': over 2.5 million perform Hajj

More than two million Muslims gathered Saturday on Saudi Arabia's Mount Arafat and its surrounding plain, marking the peak day of the hajj, the world's largest annual pilgrimage. Dressed in white garments, the pilgrims filled the Namera Mosque in Arafat a
Published 06 Nov, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
THE RUPEE: dollar value unchanged

THE RUPEE: dollar value unchanged

The rupee retained the overnight levels against dollar on the currency market at the weekend in process of trading, dealers said. The rupee maintained its overnight levels in relation to dollar for buying and selling at 86.40 and 86.80, they said.
Published 06 Nov, 2011 12:00am
THE RUPEE: dollar value unchanged

THE RUPEE: dollar value unchanged

The rupee retained the overnight levels against dollar on the currency market at the weekend in process of trading, dealers said. The rupee maintained its overnight levels in relation to dollar for buying and selling at 86.40 and 86.80, they said.
Published 06 Nov, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Modest business in pre-holiday session on grain market

Modest business in pre-holiday session on grain market

Modest business was seen on the wholesale grain market on Saturday ahead of long weekend due to Eid holidays, dealers said. On the grams side grams Australia No 1 lost Rs 50 to Rs 4600-4800, grams Australian No 1 dal also fell by Rs 100 to Rs 5700-5900, b
Published 06 Nov, 2011 12:00am
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