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Print - 2011-12-30
Insurance companies: amendments made to solvency regime: SECP

Insurance companies: amendments made to solvency regime: SECP

The Securities and Exchange Commission of Pakistan (SECP) has made amendments to the solvency regime for the insurance companies to strengthen their financial position and reduce the risk of volatility in the prices of certain assets.
Published 30 Dec, 2011 12:00am
Insurance companies: amendments made to solvency regime: SECP

Insurance companies: amendments made to solvency regime: SECP

The Securities and Exchange Commission of Pakistan (SECP) has made amendments to the solvency regime for the insurance companies to strengthen their financial position and reduce the risk of volatility in the prices of certain assets.
Published 30 Dec, 2011 12:00am
HSC part-II results today

HSC part-II results today

The Board of Intermediate Education Karachi (BIEK) will announce the result of HSC Part-I Commerce Regular Group Annual Examinations 2011 on Friday (today). This was announced by the Controller of Examinations of BIEK, here on Thursday.
Published 30 Dec, 2011 12:00am
MQM always supported oppressed people: Altaf

MQM always supported oppressed people: Altaf

Muttahida Qaumi Movement (MQM) chief Altaf Hussain has said that MQM has always espoused the cause of truth and supported the oppressed people in the country including Fata. He said this while talking to MNA from Fata Hamidullah Jan Afridi on phone here o
Published 30 Dec, 2011 12:00am
Ibad completes nine years of governorship

Ibad completes nine years of governorship

Dr Ishrat-ul-Ebad Khan has completed nine years as the Governor of Sindh. This was stated by an official of the Governor House here on Thursday. He said that Dr Ishrat-Ul-Ebad Khan took oath of office on December 27, 2002 as the Governor of Sindh. With th
Published 30 Dec, 2011 12:00am
Javed Hashmi resigns as MNA amid thundering applause

Javed Hashmi resigns as MNA amid thundering applause

Veteran politician and former senior vice president Pakistan Muslim League-Nawaz (PML-N) Makhdoom Javed Hashmi on Thursday tendered his resignation as member National Assembly amid thundering applause by both treasury and opposition members. The veteran p
Published 30 Dec, 2011 12:00am
MPs' glowing tributes to Hashmi and daughter

MPs' glowing tributes to Hashmi and daughter

Makhdoom Javed Hashmi received a glowing tribute from the parliamentarians on Thursday when he walked out of the House along with his daughter, Memona Hashmi, after submitting his resignation at the conclusion of his speech against the system and the way
Published 30 Dec, 2011 12:00am
Cop among six killed in an encounter

Cop among six killed in an encounter

As many as six people including one police officer and four criminals of inter-provincial abductors gang were killed in encounter, here on Thursday morning. Talking to newsmen, Sub Divisional Police officer DSP Raja Taifoor Akhter said that an inter-provi
Published 30 Dec, 2011 12:00am
Interim distribution for JS IF, JS CF and JS PSF-I announced

Interim distribution for JS IF, JS CF and JS PSF-I announced

The Chief Executive Officer under the authority of the Board of Directors of JS Investments Limited (JSIL) announced interim distribution for JS Income Fund (JS IF), JS Cash Fund (JS CF) and JS Principal Secure Fund-I (JS PSF-I) for the half year of Fisca
Published 30 Dec, 2011 12:00am
Interim distribution for JS IF, JS CF and JS PSF-I announced

Interim distribution for JS IF, JS CF and JS PSF-I announced

The Chief Executive Officer under the authority of the Board of Directors of JS Investments Limited (JSIL) announced interim distribution for JS Income Fund (JS IF), JS Cash Fund (JS CF) and JS Principal Secure Fund-I (JS PSF-I) for the half year of Fisca
Published 30 Dec, 2011 12:00am
Three LG officers suspended

Three LG officers suspended

With the approval of Minister Local Government Agha Siraj Khan Durrani, the Secretary Local Government has placed three officers of BS-18 and BS-17 Anwar Ali Baloch BS-17 SCUG Service (Admn. Branch), Maqsood Badaruddin BS-18 SCUG Service (Engineering Bran
Published 30 Dec, 2011 12:00am
Informal sector registers 20 percent growth in 2007: seminar told

Informal sector registers 20 percent growth in 2007: seminar told

Pakistan has a very large informal sector in which 20 percent growth was recorded in 2007. According to a conservative estimate in 2007, out of $160 billion size of country's economy, $32 billion plus is in the informal sector. These were the findings of
Published 30 Dec, 2011 12:00am
Babar Awan nominated PPP vice president

Babar Awan nominated PPP vice president

December 29, 2011:-Renowned politician and lawyer, Senator Dr Babar Awan has been nominated Vice President of Pakistan People's Party. The notification in this regard was issued on Thursday after the approval by Co-Chairman PPP President Asif Ali Zardari.
Published 30 Dec, 2011 12:00am
Three-percent fee: SECP not in league with CCP

Three-percent fee: SECP not in league with CCP

Muhammad Ali, Chairman Securities and Exchange Commission of Pakistan on Thursday highly appreciated the performance of the Competition Commission of Pakistan (CCP) with the comments that the SECP is not in league with payment of 3 percent fee/charges to
Published 30 Dec, 2011 12:00am
Tribal leader joins PTI

Tribal leader joins PTI

Tribal leader Haji Nasib Agha, along with his associates, has joined Pakistan Tehreek-e-Insaf (PTI). Addressing a new conference along with PTI Central Vice President Nawabzada Sharif Jogezai at Jogezai House on Thursday, he along with other tribal notabl
Published 30 Dec, 2011 12:00am
ARL honoured for excellent services

ARL honoured for excellent services

The Attock Refinery Limited (ARL) has been honoured with the award "Living the United Nations Global Compact Responsible Business Award 2011", for its best services in energy sector. Didier Boschung, Consul General of Switzerland in Pakistan, presented th
Published 30 Dec, 2011 12:00am
Owner of goods transport: applicability of tax questioned

Owner of goods transport: applicability of tax questioned

There is a legal ambiguity in the Income Tax Ordinance 2001 on the chargeability of tax from owner of goods transport vehicle due to conflicting provisions of the said Ordinance. It is learnt here on Thursday that Waheed Shahzad Butt a leading Lahore-base
Published 30 Dec, 2011 12:00am
Haji Adeel hails President's speech

Haji Adeel hails President's speech

Central leader of ANP Haji Adeel has appreciated the speech of President Asif Ali Zardari at Garhi Khuda Bakhsh, Sindh on the occasion of death anniversary of Benazir Bhutto Shaheed. Talking to Radio Pakistan on Thursday, he said President's speech was a
Published 30 Dec, 2011 12:00am
Gas loadshedding: protesters block Motorway for five hours

Gas loadshedding: protesters block Motorway for five hours

Thousands of industrial workers, industrialists and textile exporters on Thursday took out a protest procession and blocked Motorway Interchange (M-3) for five hours against gas loadshedding being observed for indefinite period for Faisalabad region.
Published 30 Dec, 2011 12:00am
Gas loadshedding: protesters block Motorway for five hours

Gas loadshedding: protesters block Motorway for five hours

Thousands of industrial workers, industrialists and textile exporters on Thursday took out a protest procession and blocked Motorway Interchange (M-3) for five hours against gas loadshedding being observed for indefinite period for Faisalabad region.
Published 30 Dec, 2011 12:00am
Gas loadshedding: protesters block Motorway for five hours

Gas loadshedding: protesters block Motorway for five hours

Thousands of industrial workers, industrialists and textile exporters on Thursday took out a protest procession and blocked Motorway Interchange (M-3) for five hours against gas loadshedding being observed for indefinite period for Faisalabad region.
Published 30 Dec, 2011 12:00am
Sugar price slashed by Rs 10 per kg

Sugar price slashed by Rs 10 per kg

Under the special directives of Senior Federal Minister for Industries, Chaudhry Pervaiz Ellahi, the Utility Stores Corporation (USC) has further decreased the prices of sugar from Rs 52 per kg to Rs 42 per kg giving relief of Rs 10 per kg to its consumer
Published 30 Dec, 2011 12:00am
Sugar price slashed by Rs 10 per kg

Sugar price slashed by Rs 10 per kg

Under the special directives of Senior Federal Minister for Industries, Chaudhry Pervaiz Ellahi, the Utility Stores Corporation (USC) has further decreased the prices of sugar from Rs 52 per kg to Rs 42 per kg giving relief of Rs 10 per kg to its consumer
Published 30 Dec, 2011 12:00am
Sugar price slashed by Rs 10 per kg

Sugar price slashed by Rs 10 per kg

Under the special directives of Senior Federal Minister for Industries, Chaudhry Pervaiz Ellahi, the Utility Stores Corporation (USC) has further decreased the prices of sugar from Rs 52 per kg to Rs 42 per kg giving relief of Rs 10 per kg to its consumer
Published 30 Dec, 2011 12:00am
FBR extends office timings

FBR extends office timings

In a bid to facilitate the taxpayers, Federal Board of Revenue has decided to extend the office timings of all the Large Taxpayer Units (LTUs), Regional Tax Offices (RTOs) and Tax Facilitation Centres on 30th and 31st December 2011, beyond office hours up
Published 30 Dec, 2011 12:00am
FBR extends office timings

FBR extends office timings

In a bid to facilitate the taxpayers, Federal Board of Revenue has decided to extend the office timings of all the Large Taxpayer Units (LTUs), Regional Tax Offices (RTOs) and Tax Facilitation Centres on 30th and 31st December 2011, beyond office hours up
Published 30 Dec, 2011 12:00am
FBR extends office timings

FBR extends office timings

In a bid to facilitate the taxpayers, Federal Board of Revenue has decided to extend the office timings of all the Large Taxpayer Units (LTUs), Regional Tax Offices (RTOs) and Tax Facilitation Centres on 30th and 31st December 2011, beyond office hours up
Published 30 Dec, 2011 12:00am
China limits foreign auto investment

China limits foreign auto investment

China said Thursday it will "withdraw support" for foreign investment in auto manufacturing to encourage the domestic industry in the world''s largest car market. Some of the world''s biggest car firms, including GM, Honda and Volkswagen, have long had op
Published 30 Dec, 2011 12:00am
China limits foreign auto investment

China limits foreign auto investment

China said Thursday it will "withdraw support" for foreign investment in auto manufacturing to encourage the domestic industry in the world's largest car market. Some of the world's biggest car firms, including GM, Honda and Volkswagen, have long had oper
Published 30 Dec, 2011 12:00am
China limits foreign auto investment

China limits foreign auto investment

China said Thursday it will "withdraw support" for foreign investment in auto manufacturing to encourage the domestic industry in the world's largest car market. Some of the world's biggest car firms, including GM, Honda and Volkswagen, have long had oper
Published 30 Dec, 2011 12:00am
US base in Kyrgyzstan 'very dangerous'

US base in Kyrgyzstan 'very dangerous'

Kyrgyzstan's new leader said Thursday it was "very dangerous" for his Central Asian nation to host a US military base at Bishkek airport and that it must become a fully civilian airport by 2014. Kyrgyz President Almazbek Atambayev said he told visiting US
Published 30 Dec, 2011 12:00am
US base in Kyrgyzstan 'very dangerous'

US base in Kyrgyzstan 'very dangerous'

Kyrgyzstan's new leader said Thursday it was "very dangerous" for his Central Asian nation to host a US military base at Bishkek airport and that it must become a fully civilian airport by 2014. Kyrgyz President Almazbek Atambayev said he told visiting US
Published 30 Dec, 2011 12:00am
President felicitates Ibad

President felicitates Ibad

President Asif Ali Zardari has felicitated Dr Ishrat-ul-Ibad Khan on completion of nine years of his governorship. This was stated in a press release issued by the Governor House here on Thursday. It said that President Zardari telephoned Dr Ishrat-ul-Eba
Published 30 Dec, 2011 12:00am
President felicitates Ibad

President felicitates Ibad

President Asif Ali Zardari has felicitated Dr Ishrat-ul-Ibad Khan on completion of nine years of his governorship. This was stated in a press release issued by the Governor House here on Thursday. It said that President Zardari telephoned Dr Ishrat-ul-Eba
Published 30 Dec, 2011 12:00am
Export of brown sugar allowed

Export of brown sugar allowed

The government has allowed export of brown sugar to encourage its production in the country for which Commerce Ministry issued Regulatory Order (SRO) on Thursday. Prime Minister Syed Yousuf Raza Gilani and Economic Co-ordination Committee (ECC) of the Cab
Published 30 Dec, 2011 12:00am
Export of brown sugar allowed

Export of brown sugar allowed

The government has allowed export of brown sugar to encourage its production in the country for which Commerce Ministry issued Regulatory Order (SRO) on Thursday. Prime Minister Syed Yousuf Raza Gilani and Economic Co-ordination Committee (ECC) of the Cab
Published 30 Dec, 2011 12:00am
Export of brown sugar allowed

Export of brown sugar allowed

The government has allowed export of brown sugar to encourage its production in the country for which Commerce Ministry issued Regulatory Order (SRO) on Thursday. Prime Minister Syed Yousuf Raza Gilani and Economic Co-ordination Committee (ECC) of the Cab
Published 30 Dec, 2011 12:00am
LPG price up by Rs 5 to Rs 10 per kg

LPG price up by Rs 5 to Rs 10 per kg

The Liquefied Petroleum Gas (LPG) marketing companies have raised the LPG price from Rs 5-10 per kg, Rs 60-120 per domestic cylinder and Rs 240-480 per commercial cylinder, saying that price of the commodity has also been increased in the international ma
Published 30 Dec, 2011 12:00am
LPG price up by Rs 5 to Rs 10 per kg

LPG price up by Rs 5 to Rs 10 per kg

The Liquefied Petroleum Gas (LPG) marketing companies have raised the LPG price from Rs 5-10 per kg, Rs 60-120 per domestic cylinder and Rs 240-480 per commercial cylinder, saying that price of the commodity has also been increased in the international ma
Published 30 Dec, 2011 12:00am
LPG price up by Rs 5 to Rs 10 per kg

LPG price up by Rs 5 to Rs 10 per kg

The Liquefied Petroleum Gas (LPG) marketing companies have raised the LPG price from Rs 5-10 per kg, Rs 60-120 per domestic cylinder and Rs 240-480 per commercial cylinder, saying that price of the commodity has also been increased in the international ma
Published 30 Dec, 2011 12:00am
Turkey strike kills 35; Kurds decry 'massacre'

Turkey strike kills 35; Kurds decry 'massacre'

Turkish warplanes launched air strikes against suspected Kurdish militants in northern Iraq near the Turkish border overnight, the military said on Thursday, but local officials said the attack killed 35 smugglers who were mistaken for guerrillas.
Published 30 Dec, 2011 12:00am
Turkey strike kills 35; Kurds decry 'massacre'

Turkey strike kills 35; Kurds decry 'massacre'

Turkish warplanes launched air strikes against suspected Kurdish militants in northern Iraq near the Turkish border overnight, the military said on Thursday, but local officials said the attack killed 35 smugglers who were mistaken for guerrillas.
Published 30 Dec, 2011 12:00am
US concerned

US concerned

The United States expressed deep concern on Thursday after Egyptian police raided offices of 17 pro-democracy and human rights groups, including several funded by the United States, and urged Egyptian authorities to immediately halt "harassment" of non-go
Published 30 Dec, 2011 12:00am
US concerned

US concerned

The United States expressed deep concern on Thursday after Egyptian police raided offices of 17 pro-democracy and human rights groups, including several funded by the United States, and urged Egyptian authorities to immediately halt "harassment" of non-go
Published 30 Dec, 2011 12:00am
The Weather

The Weather

The weather report on Thursday (December 29, 2011) and the forecast for Friday (December 30, 2011).

Published 30 Dec, 2011 12:00am
Gunmen kill police surgeon in Quetta

Gunmen kill police surgeon in Quetta

Masked gunmen on Thursday shot dead a police surgeon who had complained of death threats in Quetta, police said. Baqir Shah was going home from hospital when the gunmen ambushed his car and shot him in the head five times, killing him on the spot, senior
Published 30 Dec, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (December 29, 2011).

Published 30 Dec, 2011 12:00am
Gunmen kill police surgeon in Quetta

Gunmen kill police surgeon in Quetta

Masked gunmen on Thursday shot dead a police surgeon who had complained of death threats in Quetta, police said. Baqir Shah was going home from hospital when the gunmen ambushed his car and shot him in the head five times, killing him on the spot, senior
Published 30 Dec, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (December 29, 2011).

Published 30 Dec, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

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 6.75 points, as the Index moved from 2,580.26 to 2,587.0
Published 30 Dec, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 30 Dec, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

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 6.75 points, as the Index moved from 2,580.26 to 2,587.0
Published 30 Dec, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 30 Dec, 2011 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities registered gains amid bullish sentiments following fresh buying in the oil and banking sectors' shares. The LSE-25 index was increased by 32.90 points and was close
Published 30 Dec, 2011 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Thursday (December 29, 2011).

Published 30 Dec, 2011 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities registered gains amid bullish sentiments following fresh buying in the oil and banking sectors' shares. The LSE-25 index was increased by 32.90 points and was close
Published 30 Dec, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 30 Dec, 2011 12:00am
Senators given briefing at ISI headquarters

Senators given briefing at ISI headquarters

In an unprecedented development, senior officials of Inter-Services Intelligence (ISI) on Thursday said that they would continue to seek guidance from parliament on matters of national security. It was for the first time in the parliamentary history of Pa
Published 30 Dec, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (December 29, 2011) and for Friday (December 30, 2011).
Published 30 Dec, 2011 12:00am
Senators given briefing at ISI headquarters

Senators given briefing at ISI headquarters

In an unprecedented development, senior officials of Inter-Services Intelligence (ISI) on Thursday said that they would continue to seek guidance from parliament on matters of national security. It was for the first time in the parliamentary history of Pa
Published 30 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 Thursday (December 29, 2011).

Published 30 Dec, 2011 12:00am
Nato attack: Pakistan says examining Pentagon's probe report

Nato attack: Pakistan says examining Pentagon's probe report

Pakistan on Thursday said that its 'relevant authorities' were examining Pentagon investigation report into the last month Nato air strike on Pakistan army check posts in Mohmand Agency and would articulate response as soon as possible. Foreign Office spo
Published 30 Dec, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 30 Dec, 2011 12:00am
BRIndex30 up 48.23 points

BRIndex30 up 48.23 points

On Thursday, BRIndex30 opened at 8,334.71 points and remained green for most of the trading session except for a few minutes entry into red near midday. It touched an intraday high of 8,409.65 points and an intraday low of 8,329.28 points and closed at 8,
Published 30 Dec, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 30 Dec, 2011 12:00am
BRIndex30 up 48.23 points

BRIndex30 up 48.23 points

On Thursday, BRIndex30 opened at 8,334.71 points and remained green for most of the trading session except for a few minutes entry into red near midday. It touched an intraday high of 8,409.65 points and an intraday low of 8,329.28 points and closed at 8,
Published 30 Dec, 2011 12:00am
Index gains 83.08 points

Index gains 83.08 points

Karachi share market supported by buying in oil, fertiliser and banking sector closed on a positive note on Thursday. The KSE-100 index gained 83.08 points to close at 11,435.67 points from 11,352.59 points. During the trading, KSE-100 index also hit intr
Published 30 Dec, 2011 12:00am
Index gains 83.08 points

Index gains 83.08 points

Karachi share market supported by buying in oil, fertiliser and banking sector closed on a positive note on Thursday. The KSE-100 index gained 83.08 points to close at 11,435.67 points from 11,352.59 points. During the trading, KSE-100 index also hit intr
Published 30 Dec, 2011 12:00am
THE RUPEE: dollar keeps rising

THE RUPEE: dollar keeps rising

Persisting demand by importers, helped dollar to maintain its surge against the rupee on the money market on Thursday, marketmen said. The rupee lost three paisa versus dollar for buying at 90.00 and by two paisa for selling at 90.02, they said.
Published 30 Dec, 2011 12:00am
Index gains 83.08 points

Index gains 83.08 points

Karachi share market supported by buying in oil, fertiliser and banking sector closed on a positive note on Thursday. The KSE-100 index gained 83.08 points to close at 11,435.67 points from 11,352.59 points. During the trading, KSE-100 index also hit intr
Published 30 Dec, 2011 12:00am
THE RUPEE: dollar keeps rising

THE RUPEE: dollar keeps rising

Persisting demand by importers, helped dollar to maintain its surge against the rupee on the money market on Thursday, marketmen said. The rupee lost three paisa versus dollar for buying at 90.00 and by two paisa for selling at 90.02, they said.
Published 30 Dec, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

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

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

Rates of Debt Securities

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

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

Rates of Debt Securities

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

Published 30 Dec, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (December 29, 2011).

Published 30 Dec, 2011 12:00am
Prime Minister rejects PIA''s business plan

Prime Minister rejects PIA''s business plan

Prime Minister Yousuf Raza Gilani on Thursday rejected a long-term business plan submitted by PIA management and directed preparation of a new plan to make the national flag-carrier efficient and profitable.
Published 30 Dec, 2011 12:00am
Prime Minister rejects PIA's business plan

Prime Minister rejects PIA's business plan

Prime Minister Yousuf Raza Gilani on Thursday rejected a long-term business plan submitted by PIA management and directed preparation of a new plan to make the national flag-carrier efficient and profitable.
Published 30 Dec, 2011 12:00am
Prime Minister rejects PIA's business plan

Prime Minister rejects PIA's business plan

Prime Minister Yousuf Raza Gilani on Thursday rejected a long-term business plan submitted by PIA management and directed preparation of a new plan to make the national flag-carrier efficient and profitable.
Published 30 Dec, 2011 12:00am
SBP chief explains CSA with Peoples Bank of China

SBP chief explains CSA with Peoples Bank of China

The Governor, State Bank of Pakistan, Yaseen Anwar on Thursday issued the following press statement to explain the currency swap agreement with Peoples Bank of China: ''On December 23, 2011, the undersigned signed a landmark currency swap agreement (CSA)
Published 30 Dec, 2011 12:00am
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