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Print - 2011-12-13
Soyem

Soyem

The Soyem of Late Syed Imtiaz Hussain, father of Aijaz Mazhar, Director Airport Services PIA, will be held on Tuesday, 13 December 2011 at 3:00PM at Masjid Mehfil-e-Murtaza (Opposite PECHS Foundation College), Sir Syed Road, PECHS, Block 2 here.
Published 13 Dec, 2011 12:00am
Work under way to increase capacity of prisons

Work under way to increase capacity of prisons

With the completion of the ongoing construction work of new barracks, cells and prisons, the province will be able to accommodate the growing number of prisoners. Official sources told Business Recorder on Monday that the number of prisoners in the
Published 13 Dec, 2011 12:00am
Clarification

Clarification

Apropos a news item carried by Business Recorder on December 10, 2011, it has been clarified that development funds amounting to Rs 3.239 billion have been released to Fata up to November 2011. This figure is available on official website of Planni
Published 13 Dec, 2011 12:00am
New building of treasury directorate in Khyber Pakhtunkhwa inaugurated

New building of treasury directorate in Khyber Pakhtunkhwa inaugurated

Khyber Pakhtunkhwa Minister for Finance, Engr Hamayun Khan on Monday inaugurated the new building of directorate of treasury and accounts completed at cost Rs 600 million with two year period. On the occasion, Secretary Finance, Sahibzada Ahmad Khan, Dire
Published 13 Dec, 2011 12:00am
Is 'establishment' supporting PTI?

Is 'establishment' supporting PTI?

Pakistan Tehreek-e-Insaf is at the centre of allegations that the country's powerful establishment is supporting its bid to power in the next general elections, with an increasing number of politicians and technocrats announcing their decision to join it.
Published 13 Dec, 2011 12:00am
Gas loadshedding: LHC seeks reply from government, Ogra

Gas loadshedding: LHC seeks reply from government, Ogra

The Lahore High Court here Monday sought reply from federal government and the Oil and Gas Regulatory Authority (Ogra) in a petition challenging three-day load shedding of Compressed Natural Gas (CNG) in a week. The court directed the respondents to expla
Published 13 Dec, 2011 12:00am
Dictators blamed for gas, power and energy shortages

Dictators blamed for gas, power and energy shortages

President Pakistan Muslim League-N Nawaz Sharif has said it is the result of long dictatorships that Pakistan is facing the crises of basic needs like gas, electricity and energy and poverty and unemployment are increasing.
Published 13 Dec, 2011 12:00am
Adopts resolutionunanimously: Punjab Assembly condemns Nato attack

Adopts resolutionunanimously: Punjab Assembly condemns Nato attack

Punjab Assembly on Monday unanimously passed a resolution condemning the Nato attack on Pakistan Army's check posts in Mohmand Agency. Punjab Law Minister Rana Sanaullah, Opposition Leader Raja Riaz and parliamentary leaders of PML-Q, PPP and MMA Zaheerud
Published 13 Dec, 2011 12:00am
90 percent wheat sowing completed in Punjab

90 percent wheat sowing completed in Punjab

Wheat crop has been sown over 15 million acres till 11th December in Punjab which is 90 percent of the target area for Kharif crop season 2011-12, Director General Agriculture Extension Services, Dr Anjum Ali told Business Recorder, here on Monday.
Published 13 Dec, 2011 12:00am
LCWU employees stage demonstration

LCWU employees stage demonstration

Employees of Lahore College of Women University (LCWU) staged demonstration protest at Shadman Chowk on Monday in favour of their demands. The protest was staged by All Pakistan Clerks Association (APCA) LCWU Unit. They blocked Jail Road for more then an
Published 13 Dec, 2011 12:00am
Resolution passed for Southern Punjab as separate province

Resolution passed for Southern Punjab as separate province

The PPP Punjab parliamentary party has passed resolution for South Punjab as a separate province. The party passed the resolution ahead of the start of provincial assembly session from December 14. Party's opposition leader in the Punjab assembly Raja Ria
Published 13 Dec, 2011 12:00am
Afghan issues Minister supports peace accords for amicable solution

Afghan issues Minister supports peace accords for amicable solution

Khyber Pakhtunkhwa Minister for Information, Mian Iftikhar Hussain has supported the peace accords for amicable solution of Afghan issues, saying that the stable Afghanistan and Pakistan was paramount for lasting peace and calm in this part of the region.
Published 13 Dec, 2011 12:00am
Hoti visits Chitral, opens university sub-campus

Hoti visits Chitral, opens university sub-campus

Chief Minister Khyber Pakhtunkhwa Ameer Haider Khan Hoti on Monday said that the provincial government had declined to accept three foreign loans worth millions of rupees due to availability of additional resources. He said that foreign loans would only b
Published 13 Dec, 2011 12:00am
Diamir Bhasha Dam project: MoU to be exchanged with ADB today

Diamir Bhasha Dam project: MoU to be exchanged with ADB today

Pakistan will on Tuesday exchange MoU with Asian Development Bank on Diamir Bhasha Dam mega project. Wapda Chairman Shakil Durrani, who on Monday called on Prime Minister Yousuf Raza Gilani, said ADB also agreed to become Financial Advisor for this mega p
Published 13 Dec, 2011 12:00am
Shah Abdul Latif Bhittai: government plans moot to highlight services

Shah Abdul Latif Bhittai: government plans moot to highlight services

Provincial Secretary Culture, Abdul Aziz Uqaily has said that his department has planned to hold international literature (Adabi) Conference on the poetry of Great Saint Poet of Sindh Hazrat Shah Abdul Latif Bhittai (RA) on the eve of his 268th annual urs
Published 13 Dec, 2011 12:00am
APBUMA criticises gas suspension to industry

APBUMA criticises gas suspension to industry

The Chairman of All Pakistan Bedsheets & Upholstery Manufacturers Association (APBUMA), Muhammad Aasim Shah, has strongly reacted against the discrimination in supply of natural gas to industry in Punjab and said that gas suspension to Punjab is a premedi
Published 13 Dec, 2011 12:00am
Tariq Rao new director general Wildlife

Tariq Rao new director general Wildlife

Tariq Ahmad Rao on Monday assumed charge as Director General, Wildlife Punjab. He was serving as additional secretary Labour department. Zafar Nasrullah former DG has been transferred to Balochistan, Wildlife department, official sources said.
Published 13 Dec, 2011 12:00am
KESC workers vow to continue protest

KESC workers vow to continue protest

KESC Workers Yakhjheti (Unity) Committee (KWYC) on Monday vowed to broaden the scope of protest against the management of Karachi Electricity Supply Company and said the prevailing circumstances forced them to hold protest demonstration outside Governor's
Published 13 Dec, 2011 12:00am
Drug peddler held; 520kgs of hashish seized

Drug peddler held; 520kgs of hashish seized

Crime Investigation Department (CID) on Monday claimed to have arrested a notorious drug peddler and recovered 520kgs of hashish from his possession. According to details, the team headed by SSP Muhammad Fayyaz Khan on a tip-off raided at Dad Goth, Malir
Published 13 Dec, 2011 12:00am
Auto sales for November increase

Auto sales for November increase

The auto sales for the month of November 2011 stood at 11,926 units against 11,765 units in the same month last year, marginally growing by 1 percent on year-on-year basis. The Pakistan Automotive Manufacturers Association (PAMA) has released the auto sal
Published 13 Dec, 2011 12:00am
Journalists remember late colleagues

Journalists remember late colleagues

Peshawar Press Club (PPC) and Khyber Union of Journalists (KhUJ) Monday remembered late senior journalist Suhail Ahmad Qalandar and the two officials martyred in the suicide attack on the club in December 2009 by holding Quraan Khwani and Fateha for their
Published 13 Dec, 2011 12:00am
'US decides to resume ROZs negotiations'

'US decides to resume ROZs negotiations'

In a damage control bid, the US has decided to resume negotiations on proposed Reconstruction Opportunity Zones, said industry sources. The textile industry sources said the US embassy trade representatives are due to visit the textile associations on Tue
Published 13 Dec, 2011 12:00am
37th National Assembly session from Thursday

37th National Assembly session from Thursday

The National Assembly will meet on Thursday, December 15, 2011, and is likely to discuss the issues of national importance, including Nato supply to Afghanistan and 'Memogate' scandal. According to National Assembly Secretariat sources, the issues of gas
Published 13 Dec, 2011 12:00am
The Weather

The Weather

The weather report on Monday (December 12, 2011) and the forecast for Tuesday (December 13, 2011).

Published 13 Dec, 2011 12:00am
'Hands to launch new project on health'

'Hands to launch new project on health'

Razzaque Umrani, Provincial Project Manager HANDS, while addressing a press conference held at Press Club Hyderabad on Monday, said that in collaboration with Unicef, HANDS is launching a new project on health and vaccination in the seven districts of sou
Published 13 Dec, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
Amendments in licensing rules: KCAA accomplishes task

Amendments in licensing rules: KCAA accomplishes task

Karachi Custom Agents Association (KCAA) on Monday accomplished the task related to amendments in licensing rules, which was causing a lot of chaos and panic among the members of the association. According to a statement issued by KCAA, a meeting in this
Published 13 Dec, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
US's Narcotics Affairs Section to provide $2.4 million to Sindh Police

US's Narcotics Affairs Section to provide $2.4 million to Sindh Police

A three-member delegation of Narcotics Affairs Section (NAS) of United States Embassy, Islamabad headed by Jon F. Danilowiea called on Inspector General of Police Sindh, Mushtaq Ahmed Shah at Central Police Office on Monday. The delegation discussed the n
Published 13 Dec, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 13 Dec, 2011 12:00am
Qubee offers 50 percent off on line rent

Qubee offers 50 percent off on line rent

After receiving tremendous response on promotion introduced in September, Qubee now offers 50 percent off on line rent for three months (January, February & March 2012) for all sign-ups during the month of December 2011.
Published 13 Dec, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 13 Dec, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (December 12, 2011) and for Tuesday (December 13, 2011).
Published 13 Dec, 2011 12:00am
Ministry agrees to release Rs 4.6 billion to HEC

Ministry agrees to release Rs 4.6 billion to HEC

The Ministry of Finance has agreed to release Rs 4.6 billion to the Higher Education Commission (HEC) in order to run its scholarship programmes and other projects in the current financial crunch. Official sources in HEC told Business Recorder here
Published 13 Dec, 2011 12:00am
Imran appeals to CJP for opening Asghar Khan's petition

Imran appeals to CJP for opening Asghar Khan's petition

The Chairman of Pakistan Tahreek-e-Insaf (PTI), Imran Khan, on Monday appealed to Chief Justice Iftikhar Muhammad Chaudhry to take up the Air Marshal Asghar Khan case, which claimed involvement of distribution of huge funds by spy agencies among politicia
Published 13 Dec, 2011 12:00am
Pakistani family guilty of Belgian honour killing

Pakistani family guilty of Belgian honour killing

A Belgian court on Monday sentenced four members of a Pakistani family to prison for the "honour killing" of their law student daughter and sister, Belgian media reported. After pronouncing the family members guilty for the shooting death of Sadia Sheikh
Published 13 Dec, 2011 12:00am
Pakistani family guilty of Belgian honour killing

Pakistani family guilty of Belgian honour killing

A Belgian court on Monday sentenced four members of a Pakistani family to prison for the "honour killing" of their law student daughter and sister, Belgian media reported. After pronouncing the family members guilty for the shooting death of Sadia Sheikh
Published 13 Dec, 2011 12:00am
APTTA containers: no official restriction on clearance

APTTA containers: no official restriction on clearance

There is no official restriction on routine clearance of containers carrying Afghan transit trade consignments according to the present implementation status of the new Afghanistan Pakistan Transit Trade Agreement (APTTA).
Published 13 Dec, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
APTTA containers: no official restriction on clearance

APTTA containers: no official restriction on clearance

There is no official restriction on routine clearance of containers carrying Afghan transit trade consignments according to the present implementation status of the new Afghanistan Pakistan Transit Trade Agreement (APTTA).
Published 13 Dec, 2011 12:00am
APTTA containers: no official restriction on clearance

APTTA containers: no official restriction on clearance

There is no official restriction on routine clearance of containers carrying Afghan transit trade consignments according to the present implementation status of the new Afghanistan Pakistan Transit Trade Agreement (APTTA).
Published 13 Dec, 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 Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
PCGA wants TCP to stabilise cotton prices

PCGA wants TCP to stabilise cotton prices

A meeting of the Pakistan Cotton Ginners Association (PCGA) was held in Karachi on Monday to analyse the latest developments on the cotton arena. The major agenda was how to stop cotton prices from declining.
Published 13 Dec, 2011 12:00am
PCGA wants TCP to stabilise cotton prices

PCGA wants TCP to stabilise cotton prices

A meeting of the Pakistan Cotton Ginners Association (PCGA) was held in Karachi on Monday to analyse the latest developments on the cotton arena. The major agenda was how to stop cotton prices from declining.
Published 13 Dec, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
PCGA wants TCP to stabilise cotton prices

PCGA wants TCP to stabilise cotton prices

A meeting of the Pakistan Cotton Ginners Association (PCGA) was held in Karachi on Monday to analyse the latest developments on the cotton arena. The major agenda was how to stop cotton prices from declining.
Published 13 Dec, 2011 12:00am
Islamic banking posts 17.5 percent growth

Islamic banking posts 17.5 percent growth

Islamic banking industry (IBI) continued to grow and it posted 17.5 percent growth in total assets during the first half of current calendar year 2011 (CY11). Earning indicators of Islamic banks also outperformed those of the overall banking sector for th
Published 13 Dec, 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 Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
Islamic banking posts 17.5 percent growth

Islamic banking posts 17.5 percent growth

Islamic banking industry (IBI) continued to grow and it posted 17.5 percent growth in total assets during the first half of current calendar year 2011 (CY11). Earning indicators of Islamic banks also outperformed those of the overall banking sector for th
Published 13 Dec, 2011 12:00am
Islamic banking posts 17.5 percent growth

Islamic banking posts 17.5 percent growth

Islamic banking industry (IBI) continued to grow and it posted 17.5 percent growth in total assets during the first half of current calendar year 2011 (CY11). Earning indicators of Islamic banks also outperformed those of the overall banking sector for th
Published 13 Dec, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
S&P says euro zone may need another shock

S&P says euro zone may need another shock

Ratings agency Standard & Poor''s put more pressure on the euro zone on Monday, with its chief economist saying time was running out for the currency bloc to resolve its debt problems and that it might need another financial shock to get it moving. Jean-M
Published 13 Dec, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
S&P says euro zone may need another shock

S&P says euro zone may need another shock

Ratings agency Standard & Poor's put more pressure on the euro zone on Monday, with its chief economist saying time was running out for the currency bloc to resolve its debt problems and that it might need another financial shock to get it moving. Jean-Mi
Published 13 Dec, 2011 12:00am
S&P says euro zone may need another shock

S&P says euro zone may need another shock

Ratings agency Standard & Poor's put more pressure on the euro zone on Monday, with its chief economist saying time was running out for the currency bloc to resolve its debt problems and that it might need another financial shock to get it moving. Jean-Mi
Published 13 Dec, 2011 12:00am
ISE index sheds 13.79 points

ISE index sheds 13.79 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 13.79 points as the ISE Ten Index moved from 2,663.29 to 2,649.50
Published 13 Dec, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
ISE index sheds 13.79 points

ISE index sheds 13.79 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 13.79 points as the ISE Ten Index moved from 2,663.29 to 2,649.50
Published 13 Dec, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
LSE index gains 13.32 points

LSE index gains 13.32 points

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Monday and the equities registered gains amid improved trading turnover due to the investors' interest in select blue chips. The LSE-25 index gained 13.32 points and was closed at 2895.08
Published 13 Dec, 2011 12:00am
LSE index gains 13.32 points

LSE index gains 13.32 points

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Monday and the equities registered gains amid improved trading turnover due to the investors' interest in select blue chips. The LSE-25 index gained 13.32 points and was closed at 2895.08
Published 13 Dec, 2011 12:00am
Prime Minister appoints PSO managing director and USF CEO

Prime Minister appoints PSO managing director and USF CEO

Prime Minister Yousuf Raza Gilani on Monday appointed Naeem Yahya Mir as Managing Director of PSO and A Riaz Asher Siddiqui as CEO of Universal Service Fund (USF) with immediate effect, a press release from the PM House said. Naeem Yahya is an expert in r
Published 13 Dec, 2011 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

Higher demand for dollar, pushed into the negative territory on the currency market on Monday, dealers said. The rupee could not maintain its upward journey on the face of rising demand for dollar, losing six paisa for buying and selling at 89.11 and 89.1
Published 13 Dec, 2011 12:00am
We need Britain, but there are now 'two Europes': Sarkozy

We need Britain, but there are now 'two Europes': Sarkozy

French President Nicolas Sarkozy admitted on Monday that the European Union was now a two-speed alliance but insisted that Britain would not be forced out of the bloc's single market. Sarkozy and German Chancellor Angela Merkel fell out with Prime Ministe
Published 13 Dec, 2011 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

Higher demand for dollar, pushed into the negative territory on the currency market on Monday, dealers said. The rupee could not maintain its upward journey on the face of rising demand for dollar, losing six paisa for buying and selling at 89.11 and 89.1
Published 13 Dec, 2011 12:00am
Canada bans face veils for citizenship oaths

Canada bans face veils for citizenship oaths

Canada's immigration minister announced Monday a ban on wearing face coverings such as burka and niqab veils when taking a citizenship oath. "Starting today, any individual will have to show his or her face when taking the oath of citizenship," Immigratio
Published 13 Dec, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
BRIndex30 down 30.69 points

BRIndex30 down 30.69 points

On Monday, the BRIndex30 opened at 8,666.94 points and remained in positive for almost entire trading session. except the last hour or so. It touched the intra-day high of 8,782.96 points and low of 8,609.67 points and closed at 8,636.25 points, with a ne
Published 13 Dec, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
BRIndex30 down 30.69 points

BRIndex30 down 30.69 points

On Monday, the BRIndex30 opened at 8,666.94 points and remained in positive for almost entire trading session. except the last hour or so. It touched the intra-day high of 8,782.96 points and low of 8,609.67 points and closed at 8,636.25 points, with a ne
Published 13 Dec, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (December 12, 2011).

Published 13 Dec, 2011 12:00am
Index gains 12.51 points

Index gains 12.51 points

Profit-taking in late hours on Monday minimised intra-day gains and the KSE-100 index closed at 11,477.12 level, up 12.51 points. The market witnessed bull-run throughout the session as the index breached 11,600 points to hit 11,608.18 points intra-day hi
Published 13 Dec, 2011 12:00am
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