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Print - 2011-11-30
Nepal extends parliament for 'last time'

Nepal extends parliament for 'last time'

Nepalese MPs extended parliament's term for a fourth and final time Tuesday to allow the drafting of a new constitution in line with a peace accord brokered after the civil war ended in 2006. Lawmakers agreed to the six-month extension after a panel of le
Published 30 Nov, 2011 12:00am
Congo opposition calls for vote to be annulled

Congo opposition calls for vote to be annulled

A leading opposition challenger to Democratic Republic of Congo's President Joseph Kabila called on Tuesday for the Central African state's elections to be annulled, accusing authorities of systematic fraud. Vital Kamerhe, a former government minister, sa
Published 30 Nov, 2011 12:00am
Mali hands death penalty to French embassy attacker

Mali hands death penalty to French embassy attacker

A Malian court has sentenced to death a Tunisian man accused of throwing an explosive device at the French embassy in Mali's capital in January, wounding two people, state television reported on Tuesday. Like many countries in West Africa, Mali maintains
Published 30 Nov, 2011 12:00am
Russia activates missile warning system near EU

Russia activates missile warning system near EU

Russia on Tuesday activated a radar warning system against incoming missiles in its enclave of Kaliningrad on the borders of the EU, in response to Western plans for a US missile shield in Europe. President Dmitry Medvedev announced that the Voronezh-DM s
Published 30 Nov, 2011 12:00am
Egypt's army sees vote turnout exceeding 70 percent

Egypt's army sees vote turnout exceeding 70 percent

A member of Egypt's ruling military council said on Tuesday that he expected turnout in the first stage of a parliamentary election to exceed 70 percent. Egypt's first parliamentary poll since Hosni Mubarak was ousted began on Monday and the first round o
Published 30 Nov, 2011 12:00am
Stalin's daughter, famed defector, dies in US

Stalin's daughter, famed defector, dies in US

The only daughter of brutal Soviet tyrant Joseph Stalin - who defected to the United States in 1967 and became a vocal critic of the Soviet Union - has died at age 85, The New York Times reported Monday. Born Svetlana Stalina on February 28, 1926, she led
Published 30 Nov, 2011 12:00am
Rockets fired across Lebanon, Israel border

Rockets fired across Lebanon, Israel border

An exchange of rocket fire hit the Lebanese-Israeli border on Tuesday in the first such incident since 2009, coming at a time of heightened regional tensions over Syria and Iran's nuclear programme. UNIFIL, the UN peacekeeping force in Lebanon, said at le
Published 30 Nov, 2011 12:00am
Arab Spring leaders recognised as 'top global thinkers'

Arab Spring leaders recognised as 'top global thinkers'

Foreign Policy magazine named 14 "brave" individuals who helped bring the pro-democracy Arab Spring movements to the Middle East and North Africa as the top global thinkers of 2011. Alaa al-Aswany, the dentist turned blacklisted novelist who rose to fame
Published 30 Nov, 2011 12:00am
Tokyo tops out Paris again as world food capital

Tokyo tops out Paris again as world food capital

Tokyo has once again proved its worth at the top table of world food with more Michelin three star restaurants than Paris, according to the latest edition of the gastronomical guide. Japan as a whole also beats France, with 32 establishments granted the m
Published 30 Nov, 2011 12:00am
China's first aircraft carrier starts second trial

China's first aircraft carrier starts second trial

China's first aircraft carrier began its second sea trial on Tuesday after undergoing refurbishments and testing, the government said, as tensions over maritime territorial disputes in the region ran high. The 300-metre (990-foot) ship, a refitted former
Published 30 Nov, 2011 12:00am
Joe Biden on surprise visit to Iraq

Joe Biden on surprise visit to Iraq

US Vice President Joe Biden arrived in Baghdad on a surprise visit on Tuesday evening, as American troops depart Iraq ahead of a year-end deadline, an AFP photographer said. Biden was met at the airport by US ambassador to Iraq James Jeffrey and General L
Published 30 Nov, 2011 12:00am
Moroccan king appoints Islamist party chief as Prime Minister

Moroccan king appoints Islamist party chief as Prime Minister

King Mohammed VI on Tuesday appointed Morocco's first-ever Islamist prime minister and charged him with forming a government following his party's historic election win. Abdelilah Benkirane, head of the moderate Islamist Justice and Development Party (PJD
Published 30 Nov, 2011 12:00am
US copper rallies

US copper rallies

Copper rallied on Monday to its highest level in more than a week, amid hopes that eurozone leaders would unveil concrete measures to deal with the region's debt crisis. In New York, benchmark December copper futures traded on the COMEX exchange similarly
Published 30 Nov, 2011 12:00am
Past decade ties for world's hottest: UN

Past decade ties for world's hottest: UN

Thirteen of the warmest years recorded have occurred within the last decade and a half, proving that global warming is a reality, the UN's World Meteorological Organisation said on Tuesday The year 2011 caps a decade that ties the record as the hottest ev
Published 30 Nov, 2011 12:00am
US-Pakistan ties troubled but repairable: US general

US-Pakistan ties troubled but repairable: US general

US-Pakistani relations are at one of their worst points in memory after the Nato strike that killed 24 Pakistani troops, but can recover, Washington's top military officer said on Monday. General Martin Dempsey said Pakistani anger was justified given the
Published 30 Nov, 2011 12:00am
Latif raw gas to be transported to Sawan plant

Latif raw gas to be transported to Sawan plant

The Ministry of Petroleum and Natural Resources has decided to transport raw gas from Latif Well through a transmission line to Sawan plant, official sources told Business Recorder here on Tuesday. Latif Petroleum Concession Agreement (PCA) was sig
Published 30 Nov, 2011 12:00am
Pakistani cable TV blocks BBC over documentary

Pakistani cable TV blocks BBC over documentary

The president of Pakistan's cable TV association says operators have blocked BBC World News because of a documentary critical of the country's commitment to fighting Islamist militants. Khalid Arain says the decision was implemented Tuesday after the netw
Published 30 Nov, 2011 12:00am
Season's lowest temperature -8C recorded in Skardu

Season's lowest temperature -8C recorded in Skardu

Temperature in Skardu dipped to minus 8 degree centigrade, lowest of the season, during the last 24 hours, the Met Office said on Tuesday. "A shallow trough of westerly wave still prevailing over northern area," the office said. It said that mainly dry we
Published 30 Nov, 2011 12:00am
China paper says US fans terror

China paper says US fans terror

China's top state newspaper on Tuesday accused the United States of flouting international law and fanning terrorism after a Nato attack killed 24 Pakistani soldiers, and it warned that the Islamabad's grip on security could be dangerously weakened.
Published 30 Nov, 2011 12:00am
'Jundullah Group involved in Karachi unrest'

'Jundullah Group involved in Karachi unrest'

The Karachi Police Department's intelligence unit has thwarted a major act of terrorism during Muharram by arresting 5 accused having affiliation with Jundullah group-an off-shoot of al Qaeda network. "It is concerted efforts of our CIA's Special Investig
Published 30 Nov, 2011 12:00am
Unilever Pakistan

Unilever Pakistan

Unilever Pakistan is the largest and one of the oldest FMCGs working in Pakistan. It is also the biggest multinational operating in Pakistan. Every day millions of people around the world use Unilever products; the Company over the decades has grown to be
Published 30 Nov, 2011 12:00am
Unilever Pakistan

Unilever Pakistan

Unilever Pakistan is the largest and one of the oldest FMCGs working in Pakistan. It is also the biggest multinational operating in Pakistan. Every day millions of people around the world use Unilever products; the Company over the decades has grown to be
Published 30 Nov, 2011 12:00am
New York cotton rebounds after hitting new 15-month low

New York cotton rebounds after hitting new 15-month low

Cotton futures settled higher on Tuesday on investor short-covering as the market rebounded from an early fall to a 15-month low, and analysts said the market should consolidate in the days ahead. The key March cotton futures rose 1.40 cents, or 1.5 perce
Published 30 Nov, 2011 12:00am
Dacoit killed in an encounter

Dacoit killed in an encounter

Sindh police on late Tuesday claimed to have killed an alleged bandit in an encounter at Omar Goth in the limits of Shah Latif police station. According to police, the incident took place at Shah Latif area near Omar Goth where two bandits snatched Rs 0.4
Published 30 Nov, 2011 12:00am
ISE index up 13.83 points

ISE index up 13.83 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 13.83 points, as the Index moved from 2,606.22 to 2,620.
Published 30 Nov, 2011 12:00am
ISE index up 13.83 points

ISE index up 13.83 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 13.83 points, as the Index moved from 2,606.22 to 2,620.
Published 30 Nov, 2011 12:00am
Trading in Summit Bank TFCs from tomorrow

Trading in Summit Bank TFCs from tomorrow

The Karachi Stock Exchange (KSE) has approved the application for listing and quotation of first Issue of Unsecured, Subordinated, Rated and Listed Term Finance Certificates (TFCs) of Rs 1,500 million of Summit Bank Limited on completion of formalities re
Published 30 Nov, 2011 12:00am
Trading in Summit Bank TFCs from tomorrow

Trading in Summit Bank TFCs from tomorrow

The Karachi Stock Exchange (KSE) has approved the application for listing and quotation of first Issue of Unsecured, Subordinated, Rated and Listed Term Finance Certificates (TFCs) of Rs 1,500 million of Summit Bank Limited on completion of formalities re
Published 30 Nov, 2011 12:00am
Trading in Summit Bank TFCs from tomorrow

Trading in Summit Bank TFCs from tomorrow

The Karachi Stock Exchange (KSE) has approved the application for listing and quotation of first Issue of Unsecured, Subordinated, Rated and Listed Term Finance Certificates (TFCs) of Rs 1,500 million of Summit Bank Limited on completion of formalities re
Published 30 Nov, 2011 12:00am
Pakistan tops 2010 list for weather impact

Pakistan tops 2010 list for weather impact

Pakistan, Guatemala and Colombia topped the league table in 2010 for countries that were worst hit by extreme weather events, according to a "climate risk index" published here on Tuesday. But over a 20-year span, the countries that were most vulnerable w
Published 30 Nov, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Nov, 2011 12:00am
Pakistan tops 2010 list for weather impact

Pakistan tops 2010 list for weather impact

Pakistan, Guatemala and Colombia topped the league table in 2010 for countries that were worst hit by extreme weather events, according to a "climate risk index" published here on Tuesday. But over a 20-year span, the countries that were most vulnerable w
Published 30 Nov, 2011 12:00am
'US must apologise if Pakistan strike in error'

'US must apologise if Pakistan strike in error'

The United States should apologise to Pakistan if an official investigation shows weekend Nato airstrikes that killed 24 Pakistani troops were "a mistake," a key US senator said Tuesday. Senate Intelligence Committee chair Dianne Feinstein's comments came
Published 30 Nov, 2011 12:00am
'US must apologise if Pakistan strike in error'

'US must apologise if Pakistan strike in error'

The United States should apologise to Pakistan if an official investigation shows weekend Nato airstrikes that killed 24 Pakistani troops were "a mistake," a key US senator said Tuesday. Senate Intelligence Committee chair Dianne Feinstein's comments came
Published 30 Nov, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 30 Nov, 2011 12:00am
Michael Jackson doctor sentenced to four years in Jail

Michael Jackson doctor sentenced to four years in Jail

Michael Jackson's personal physician, Dr Conrad Murray, on Tuesday was sentenced to four years in jail and denied probation for his conviction on a charge of involuntary manslaughter in the pop star's death. "Thriller" singer Jackson died of a drug overdo
Published 30 Nov, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Nov, 2011 12:00am
Michael Jackson doctor sentenced to four years in Jail

Michael Jackson doctor sentenced to four years in Jail

Michael Jackson's personal physician, Dr Conrad Murray, on Tuesday was sentenced to four years in jail and denied probation for his conviction on a charge of involuntary manslaughter in the pop star's death. "Thriller" singer Jackson died of a drug overdo
Published 30 Nov, 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 Nov, 2011 12:00am
TRCG for continuation of functional-based IT system

TRCG for continuation of functional-based IT system

The Tax Reform Core Group (TRCG) has opposed restoration of the income tax circular based system and suggested continuation of the functional based system under reforms with full-fledged implementation of the Integrated Tax Management System (ITMS) along
Published 30 Nov, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Nov, 2011 12:00am
TRCG for continuation of functional-based IT system

TRCG for continuation of functional-based IT system

The Tax Reform Core Group (TRCG) has opposed restoration of the income tax circular based system and suggested continuation of the functional based system under reforms with full-fledged implementation of the Integrated Tax Management System (ITMS) along
Published 30 Nov, 2011 12:00am
TRCG for continuation of functional-based IT system

TRCG for continuation of functional-based IT system

The Tax Reform Core Group (TRCG) has opposed restoration of the income tax circular based system and suggested continuation of the functional based system under reforms with full-fledged implementation of the Integrated Tax Management System (ITMS) along
Published 30 Nov, 2011 12:00am
Zardari warns workers about intrigues of anti-democratic forces

Zardari warns workers about intrigues of anti-democratic forces

The top leadership of Pakistan People's Party (PPP) has accused the "undemocratic forces" of hatching conspiracies against the government and the party. However, none of the PPP leaders is ready to mention who is conspiring against the incumbent governmen
Published 30 Nov, 2011 12:00am
14 die in road mishap

14 die in road mishap

At least 14 passengers were burnt to death and six critically injured when a Rawalpindi bound van went out of control and hit a tree catching fire on Tuesday at Chungi no 26 near Islamabad police check post on motorway.
Published 30 Nov, 2011 12:00am
PEF to provide technical support to SEF

PEF to provide technical support to SEF

The Punjab Education Foundation (PEF) will provide necessary technical support to Sindh Education Foundation to help improve its working for promoting education in the poor communities living in far flung and remote hinterlands.
Published 30 Nov, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (November 29, 2011).

Published 30 Nov, 2011 12:00am
SSGC served with contempt notice

SSGC served with contempt notice

A division bench of Sindh High Court (SHC) on Tuesday issued a notice to Sui Southern Gas Company (SSGC) in a contempt of court application.
Published 30 Nov, 2011 12:00am
FIR of Numaish Chowrangi firing incident registered

FIR of Numaish Chowrangi firing incident registered

Solider Bazaar police on Tuesday registered the FIR of Numaish Chowrangi firing incident against unidentified persons despite Sindh Home Minister Manzoor Wassan's and AIG, Karachi Ghulam Shabbir's claims of arresting one of the accused involved in the fir
Published 30 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (November 29, 2011).

Published 30 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (November 29, 2011).

Published 30 Nov, 2011 12:00am
Running primary schools: NGO offers services to Punjab government

Running primary schools: NGO offers services to Punjab government

An NGO - Foundation for Rehabilitation & Education of Slow Children (FRESH) solely dedicated to remedial education among children in Pakistan - has made an offer for extending its services to the government of Punjab to operate primary education schools i
Published 30 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (November 29, 2011).

Published 30 Nov, 2011 12:00am
'Argentine wants to boost bilateral ties with Pakistan'

'Argentine wants to boost bilateral ties with Pakistan'

Argentine wants to boost bilateral ties with Pakistan. Argentine embassy will issue business visa to businessmen within ten days, said Argentinean Ambassador Rodolfo Martin Saravia during a meeting with FCCI office-bearers and business community of Faisal
Published 30 Nov, 2011 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

The rupee showed mixed patterns against dollar in the currency market on Tuesday in process of trading, experts said. The rupee was down by 23 paisa in relation to dollar for buying at 88.23 and shed 22 paisa for selling at 88.27, they said.
Published 30 Nov, 2011 12:00am
BIEK to declare pre-Engineering (Part I) result today

BIEK to declare pre-Engineering (Part I) result today

The Board of Intermediate Education Karachi (BIEK) will announce on November 30 the result of HSC Part I Science (Pre-Engineering) and Science General Group for the annual examinations 2011. This was announced by the Controller of Examinations of BIEK on
Published 30 Nov, 2011 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

The rupee showed mixed patterns against dollar in the currency market on Tuesday in process of trading, experts said. The rupee was down by 23 paisa in relation to dollar for buying at 88.23 and shed 22 paisa for selling at 88.27, they said.
Published 30 Nov, 2011 12:00am
Misuse of DTRE scheme: MCCs to check manufacturing premises

Misuse of DTRE scheme: MCCs to check manufacturing premises

Customs authorities have directed the Collectors of Customs to strictly verify the manufacturing premises of the applicants seeking approval of the Duty and Tax Remission for Export (DTRE) scheme to avoid misuse of the facility by unscrupulous elements.
Published 30 Nov, 2011 12:00am
Prime Minister arrives in Karachi

Prime Minister arrives in Karachi

Prime Minister Syed Yousuf Raza Gilani arrived here from Lahore on Tuesday evening on a three-day visit. At the Karachi Airport, the Prime Minister was received by Sindh Governor, Dr Ishratul Ebad Khan, Chief Minister, Syed Qaim Ali Shah, and senior offic
Published 30 Nov, 2011 12:00am
PML-Likeminded hints at electoral alliance with PML-N

PML-Likeminded hints at electoral alliance with PML-N

Pakistan Muslim League-Likeminded group on Tuesday hinted at a possibility of joining hands with Pakistan Muslim League-Nawaz (PML-N) after their talks to make an alliance with Pakistan Tehreek-e-Insaf (PTI) remained inconclusive. According to sources, Pa
Published 30 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 30 Nov, 2011 12:00am
Punjab chief minister against foreign assistance after Nato aggression

Punjab chief minister against foreign assistance after Nato aggression

Punjab Chief Minister, Muhammad Shahbaz Sharif on Tuesday has said that such foreign assistance is immersed in the blood of innocent citizens and martyrs can never be acceptable to the proud Pakistanis as they are a living nation. He was talking to media
Published 30 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 30 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 29, 2011).

Published 30 Nov, 2011 12:00am
Afaq again detained

Afaq again detained

The Sindh Home Department has once again issued a notification to detain Mohajir Qaumi Movement-Haqiqi (MQM-H) Chief Afaq Ahmed under Maintenance of Public Order (MPO). Under the order, a person can be detained for 30 days, which can be extended to 90 day
Published 30 Nov, 2011 12:00am
Ibad forms body to resolve water tariff issue

Ibad forms body to resolve water tariff issue

Governor Sindh Dr Ishratul Ebad Khan has formed a committee to resolve the issue of abrupt 82 percent increase in water tariff A meeting was held at Governor House on Tuesday to discuss and resolve the issue during which the committee was formed.
Published 30 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 29, 2011).

Published 30 Nov, 2011 12:00am
Loadshedding slashed to eight hours in Industrial areas

Loadshedding slashed to eight hours in Industrial areas

Industrialists had some sigh of relief on Tuesday as the 12-hour daily loadshedding was slashed to eight hours by the power utility. However, the agreement reached between Karachi Chamber of Commerce and Industry (KCCI), its seven industrial town associat
Published 30 Nov, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (November 29, 2011) and for Wednesday (November 30, 2011).
Published 30 Nov, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 30 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 30 Nov, 2011 12:00am
Balochistan University teacher killed

Balochistan University teacher killed

Unidentified armed men shot dead a university teacher in Zarghoonabad area of the provincial capital on Tuesday. Police confirming the incident said that unknown gunmen killed a University teacher and threw his body in Zarghoonabad area. Receiving informa
Published 30 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 30 Nov, 2011 12:00am
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