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Print - 2012-01-07
IHC constitutes seven benches for next week

IHC constitutes seven benches for next week

Chief Justice Islamabad High Court (IHC) has constituted five single and two division benches to hear a number of cases for next week starting from Monday. Five single benches include Justice Riaz Ahmed Khan, Justice Muhammad Anwar Khan Kasi, Justice Noor
Published 07 Jan, 2012 12:00am
Sherry calls on President

Sherry calls on President

Pakistan's Ambassador-designate to US, Sherry Rehman Friday called on President Asif Ali Zardari at Aiwan-e-Sadr and discussed matters pertaining to her diplomatic assignment in US. The President reposed full confidence in her and expressed the hope that
Published 07 Jan, 2012 12:00am
KCCI for expansion of SME networks

KCCI for expansion of SME networks

Participants of a seminar on 'Legal Empowerment of the Poor', here on Friday, underlined the need to bring the shopkeepers, street vendors and small family-owned businesses into the mainstream of formal economy. The seminar was organised by Karachi Chambe
Published 07 Jan, 2012 12:00am
PAAPAM team attends Auto-Exposition 2012

PAAPAM team attends Auto-Exposition 2012

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has organised a 50-member delegation, which is visiting India from Saturday (today) on an investigative tour to study the Indian Automotive Industry. The Delegation is being led
Published 07 Jan, 2012 12:00am
Zero-tolerance policy against non-distribution of Zakat funds

Zero-tolerance policy against non-distribution of Zakat funds

Provincial Minister for Zakat & Ushr Malik Nadeem Kamran has directed Chairmen District Zakat Committees and District Zakat Officers to ensure 100-percent distribution of Zakat funds among deserving persons. He said that zero-tolerance policy would be ado
Published 07 Jan, 2012 12:00am
Punjab University: ASA condemns search committee's recommendation

Punjab University: ASA condemns search committee's recommendation

President of the Academic Staff Association (ASA) Punjab University Professor Dr Mahar Saeed strongly condemned the search committee and their recommended short listed names for the PU Vice-Chancellor seat. He was addressing the press conference along wit
Published 07 Jan, 2012 12:00am
'Kitchen Gardening': IAS sets up demonstration plots

'Kitchen Gardening': IAS sets up demonstration plots

Punjab University Institute of Agricultural Science (IAS) sets up demonstration plots on "Kitchen Gardening" in its Experimental Station and a demonstration in this regard was held here on Friday. Executive District Officer (EDO) Agriculture Extension vis
Published 07 Jan, 2012 12:00am
Minister deprived of his car

Minister deprived of his car

A car owned by Minister for Ports and Shipping, Babar Khan Ghauri, was snatched on Friday near Stadium Road in the limits of Gulshan Iqbal police station. According to police, a car (AUR-852) owned by Babar Ghauri was snatched in Gulshan-e-Iqbal, Block-17
Published 07 Jan, 2012 12:00am
Lyari protestors clash with police

Lyari protestors clash with police

Protestors of Lyari Aman Committee clashed with police at I. I. Chundrigar Road near Shaheen Complex here on Friday. As per details, a rally of Lyariites was on its way to Bilawal House when it was stopped by police at Shaheen Complex. Police baton-charge
Published 07 Jan, 2012 12:00am
Taliban want US prisoners sent to Qatar

Taliban want US prisoners sent to Qatar

Afghanistan's Taliban insurgents have demanded in negotiations with the US that prisoners held in Guantanamo Bay be transferred to Qatar, an Afghan government spokesman said on Friday. But President Hamid Karzai's government objects strongly to the move a
Published 07 Jan, 2012 12:00am
Taliban want US prisoners sent to Qatar

Taliban want US prisoners sent to Qatar

Afghanistan's Taliban insurgents have demanded in negotiations with the US that prisoners held in Guantanamo Bay be transferred to Qatar, an Afghan government spokesman said on Friday. But President Hamid Karzai's government objects strongly to the move a
Published 07 Jan, 2012 12:00am
Financial transaction tax: France won''t wait for EU

Financial transaction tax: France won''t wait for EU

France will go it alone if it can not convince its European partners to quickly impose a new tax on financial transactions, President Nicolas Sarkozy warned Friday. "We won''t wait for others to agree to put it in place, we''ll do it because we believe in
Published 07 Jan, 2012 12:00am
Financial transaction tax: France won't wait for EU

Financial transaction tax: France won't wait for EU

France will go it alone if it can not convince its European partners to quickly impose a new tax on financial transactions, President Nicolas Sarkozy warned Friday. "We won't wait for others to agree to put it in place, we'll do it because we believe in i
Published 07 Jan, 2012 12:00am
Financial transaction tax: France won't wait for EU

Financial transaction tax: France won't wait for EU

France will go it alone if it can not convince its European partners to quickly impose a new tax on financial transactions, President Nicolas Sarkozy warned Friday. "We won't wait for others to agree to put it in place, we'll do it because we believe in i
Published 07 Jan, 2012 12:00am
The Weather

The Weather

The weather report on Friday (January 06, 2012) and the forecast for Saturday (January 07, 2012).

Published 07 Jan, 2012 12:00am
Exchange companies told to submit STRs, CTRs to FMU

Exchange companies told to submit STRs, CTRs to FMU

The State Bank of Pakistan has directed all the exchange companies to meticulously follow the requirements of Anti Money Laundering (AML)/Countering Financing of Terrorism (CFT) regime by submitting Suspicious Transaction Reports (STRs) and Currency Trans
Published 07 Jan, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on January 03, 2012.

Published 07 Jan, 2012 12:00am
Exchange companies told to submit STRs, CTRs to FMU

Exchange companies told to submit STRs, CTRs to FMU

The State Bank of Pakistan has directed all the exchange companies to meticulously follow the requirements of Anti Money Laundering (AML)/Countering Financing of Terrorism (CFT) regime by submitting Suspicious Transaction Reports (STRs) and Currency Trans
Published 07 Jan, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on January 03, 2012.

Published 07 Jan, 2012 12:00am
Exchange companies told to submit STRs, CTRs to FMU

Exchange companies told to submit STRs, CTRs to FMU

The State Bank of Pakistan has directed all the exchange companies to meticulously follow the requirements of Anti Money Laundering (AML)/Countering Financing of Terrorism (CFT) regime by submitting Suspicious Transaction Reports (STRs) and Currency Trans
Published 07 Jan, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on January 03, 2012.

Published 07 Jan, 2012 12:00am
Exchange companies told to submit STRs, CTRs to FMU

Exchange companies told to submit STRs, CTRs to FMU

The State Bank of Pakistan has directed all the exchange companies to meticulously follow the requirements of Anti Money Laundering (AML)/Countering Financing of Terrorism (CFT) regime by submitting Suspicious Transaction Reports (STRs) and Currency Trans
Published 07 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 06, 2012).

Published 07 Jan, 2012 12:00am
Customer due diligence a must, SBP tells banks

Customer due diligence a must, SBP tells banks

The State Bank of Pakistan (SBP) has again instructed banks/DFIs to conduct customer due diligence thoroughly before opening any account. It asked banks/DFIs not to open and maintain anonymous accounts and also prohibited banks/DFIs to provide any banking
Published 07 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 06, 2012).

Published 07 Jan, 2012 12:00am
Customer due diligence a must, SBP tells banks

Customer due diligence a must, SBP tells banks

The State Bank of Pakistan (SBP) has again instructed banks/DFIs to conduct customer due diligence thoroughly before opening any account. It asked banks/DFIs not to open and maintain anonymous accounts and also prohibited banks/DFIs to provide any banking
Published 07 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 07 Jan, 2012 12:00am
Customer due diligence a must, SBP tells banks

Customer due diligence a must, SBP tells banks

The State Bank of Pakistan (SBP) has again instructed banks/DFIs to conduct customer due diligence thoroughly before opening any account. It asked banks/DFIs not to open and maintain anonymous accounts and also prohibited banks/DFIs to provide any banking
Published 07 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 07 Jan, 2012 12:00am
Pope names new cardinals who'll choose successor

Pope names new cardinals who'll choose successor

Pope Benedict, increasing the chances the next pontiff will be a conservative European, on Friday named 22 new cardinals, the red-hatted "princes of the Church" who are his closest aides and will one day choose his successor. Eighteen of the new cardinals
Published 07 Jan, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 06, 2012).

Published 07 Jan, 2012 12:00am
Pope names new cardinals who'll choose successor

Pope names new cardinals who'll choose successor

Pope Benedict, increasing the chances the next pontiff will be a conservative European, on Friday named 22 new cardinals, the red-hatted "princes of the Church" who are his closest aides and will one day choose his successor. Eighteen of the new cardinals
Published 07 Jan, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (January 06, 2012) and for Saturday (January 07, 2012).
Published 07 Jan, 2012 12:00am
IHK shuts to protest killing of student

IHK shuts to protest killing of student

Thousands of shopkeepers in the Indian held Kashmir have gone on a daylong general strike to protest the killing of a student and frequent power cuts. Police and security forces took positions to prevent any street protests after Friday afternoon prayers
Published 07 Jan, 2012 12:00am
IHK shuts to protest killing of student

IHK shuts to protest killing of student

Thousands of shopkeepers in the Indian held Kashmir have gone on a daylong general strike to protest the killing of a student and frequent power cuts. Police and security forces took positions to prevent any street protests after Friday afternoon prayers
Published 07 Jan, 2012 12:00am
Railways debt limit for buying diesel doubled

Railways debt limit for buying diesel doubled

The government has doubled Pakistan Railway (PR) debt limit, from Rs 1 billion to Rs 2 billion, by issuing guaranty to Pakistan State Oil (PSO), for buying diesel, it is learnt. Sources told Business Recorder that previously PR could buy diesel wor
Published 07 Jan, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (January 06, 2012).

Published 07 Jan, 2012 12:00am
Railways debt limit for buying diesel doubled

Railways debt limit for buying diesel doubled

The government has doubled Pakistan Railway (PR) debt limit, from Rs 1 billion to Rs 2 billion, by issuing guaranty to Pakistan State Oil (PSO), for buying diesel, it is learnt. Sources told Business Recorder that previously PR could buy diesel wor
Published 07 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 06, 2012).

Published 07 Jan, 2012 12:00am
Railways debt limit for buying diesel doubled

Railways debt limit for buying diesel doubled

The government has doubled Pakistan Railway (PR) debt limit, from Rs 1 billion to Rs 2 billion, by issuing guaranty to Pakistan State Oil (PSO), for buying diesel, it is learnt. Sources told Business Recorder that previously PR could buy diesel wor
Published 07 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 06, 2012).

Published 07 Jan, 2012 12:00am
Engro raises urea price by Rs 210 per bag

Engro raises urea price by Rs 210 per bag

Engro has announced to raise urea price by Rs 210 per bag owing to shortage of gas. With this increase, the price of urea has reached near Rs 1,800 per bag. After imposition of Gas Infrastructure Development Cess (GIDC) and rise in gas tariff, Engro has a
Published 07 Jan, 2012 12:00am
Engro raises urea price by Rs 210 per bag

Engro raises urea price by Rs 210 per bag

Engro has announced to raise urea price by Rs 210 per bag owing to shortage of gas. With this increase, the price of urea has reached near Rs 1,800 per bag. After imposition of Gas Infrastructure Development Cess (GIDC) and rise in gas tariff, Engro has a
Published 07 Jan, 2012 12:00am
Engro raises urea price by Rs 210 per bag

Engro raises urea price by Rs 210 per bag

Engro has announced to raise urea price by Rs 210 per bag owing to shortage of gas. With this increase, the price of urea has reached near Rs 1,800 per bag. After imposition of Gas Infrastructure Development Cess (GIDC) and rise in gas tariff, Engro has a
Published 07 Jan, 2012 12:00am
THE RUPEE: dollar heading towards 91.00

THE RUPEE: dollar heading towards 91.00

Inch by inch, the rupee is very close to the level of 91.00 against the dollar on currency market on Friday in process strong demand for the greenback, dealers said. The rupee continued its slide as it depreciated by 20-paisa in terms of dollar for buying
Published 07 Jan, 2012 12:00am
PSO payables exceed Receivables

PSO payables exceed Receivables

The total of payables and receivables of Pakistan State Oil (PSO) has swelled to over Rs 384 billion, of which Rs 199.5 billion are payables and Rs 185.2 billion receivables. Power sector is the major defaulter of the fuel supplying company with Rs 164 bi
Published 07 Jan, 2012 12:00am
THE RUPEE: dollar heading towards 91.00

THE RUPEE: dollar heading towards 91.00

Inch by inch, the rupee is very close to the level of 91.00 against the dollar on currency market on Friday in process strong demand for the greenback, dealers said. The rupee continued its slide as it depreciated by 20-paisa in terms of dollar for buying
Published 07 Jan, 2012 12:00am
PSO payables exceed Receivables

PSO payables exceed Receivables

The total of payables and receivables of Pakistan State Oil (PSO) has swelled to over Rs 384 billion, of which Rs 199.5 billion are payables and Rs 185.2 billion receivables. Power sector is the major defaulter of the fuel supplying company with Rs 164 bi
Published 07 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (January 06, 2012).

Published 07 Jan, 2012 12:00am
PSO payables exceed Receivables

PSO payables exceed Receivables

The total of payables and receivables of Pakistan State Oil (PSO) has swelled to over Rs 384 billion, of which Rs 199.5 billion are payables and Rs 185.2 billion receivables. Power sector is the major defaulter of the fuel supplying company with Rs 164 bi
Published 07 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (January 06, 2012).

Published 07 Jan, 2012 12:00am
TCP completes sugar procurement

TCP completes sugar procurement

Following the directive of the federal government the Trading Corporation of Pakistan has completed procurement of 378,000 tons of sugar at Rs 46,250 per ton from local sugar mills, enabling the mills to make payments to sugarcane growers. Sources told <i
Published 07 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (January 06, 2012).

Published 07 Jan, 2012 12:00am
TCP completes sugar procurement

TCP completes sugar procurement

Following the directive of the federal government the Trading Corporation of Pakistan has completed procurement of 378,000 tons of sugar at Rs 46,250 per ton from local sugar mills, enabling the mills to make payments to sugarcane growers. Sources told <i
Published 07 Jan, 2012 12:00am
TCP completes sugar procurement

TCP completes sugar procurement

Following the directive of the federal government the Trading Corporation of Pakistan has completed procurement of 378,000 tons of sugar at Rs 46,250 per ton from local sugar mills, enabling the mills to make payments to sugarcane growers. Sources told <i
Published 07 Jan, 2012 12:00am
Three years for US man in nuclear-related export case

Three years for US man in nuclear-related export case

A US businessman has been sentenced to more than three years in prison for conspiring to export to Pakistan materials and equipment that can be used in nuclear reactors. Nadeem Akhtar was sentenced Friday in US District Court in Baltimore as tensions rema
Published 07 Jan, 2012 12:00am
Three years for US man in nuclear-related export case

Three years for US man in nuclear-related export case

A US businessman has been sentenced to more than three years in prison for conspiring to export to Pakistan materials and equipment that can be used in nuclear reactors. Nadeem Akhtar was sentenced Friday in US District Court in Baltimore as tensions rema
Published 07 Jan, 2012 12:00am
KSE instructs 18 companies to induct shares into CDC

KSE instructs 18 companies to induct shares into CDC

The Karachi Stock Exchange (KSE) has informed all concerned that following companies, pursuant to the requirement of Listing Regulation No 30(2)(a), have been instructed to fulfil the requirement of Listing Regulation No 30(1)(g) by induction of the Ordin
Published 07 Jan, 2012 12:00am
KSE instructs 18 companies to induct shares into CDC

KSE instructs 18 companies to induct shares into CDC

The Karachi Stock Exchange (KSE) has informed all concerned that following companies, pursuant to the requirement of Listing Regulation No 30(2)(a), have been instructed to fulfil the requirement of Listing Regulation No 30(1)(g) by induction of the Ordin
Published 07 Jan, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jan, 2012 12:00am
KSE instructs 18 companies to induct shares into CDC

KSE instructs 18 companies to induct shares into CDC

The Karachi Stock Exchange (KSE) has informed all concerned that following companies, pursuant to the requirement of Listing Regulation No 30(2)(a), have been instructed to fulfil the requirement of Listing Regulation No 30(1)(g) by induction of the Ordin
Published 07 Jan, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jan, 2012 12:00am
Bears dominate ISE

Bears dominate ISE

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 34.35 points, as the Index moved from 2,469.82 to 2,435.47 points.
Published 07 Jan, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 07 Jan, 2012 12:00am
Bears dominate ISE

Bears dominate ISE

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 34.35 points, as the Index moved from 2,469.82 to 2,435.47 points.
Published 07 Jan, 2012 12:00am
Equities maintain downward slide

Equities maintain downward slide

Equities on Friday maintained downward slide amid marginally increased trading turnover on the Lahore Stock Exchange (LSE) due to selling pressure in oil sector shares. The LSE-25 index was increased by 2.16 points and was ended at 2880.54 points against
Published 07 Jan, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Jan, 2012 12:00am
Equities maintain downward slide

Equities maintain downward slide

Equities on Friday maintained downward slide amid marginally increased trading turnover on the Lahore Stock Exchange (LSE) due to selling pressure in oil sector shares. The LSE-25 index was increased by 2.16 points and was ended at 2880.54 points against
Published 07 Jan, 2012 12:00am
Warm winter, weak second quarter let West press Iran oil: JP Morgan

Warm winter, weak second quarter let West press Iran oil: JP Morgan

An unusually warm Northern Hemisphere winter and seasonally slack second-quarter oil demand give the West a chance to push hard to curtail Iran''s crude exports while minimising the potential for a price spike, analysts at J.P. Morgan said. The unexpected
Published 07 Jan, 2012 12:00am
Warm winter, weak second quarter let West press Iran oil: JP Morgan

Warm winter, weak second quarter let West press Iran oil: JP Morgan

An unusually warm Northern Hemisphere winter and seasonally slack second-quarter oil demand give the West a chance to push hard to curtail Iran's crude exports while minimising the potential for a price spike, analysts at J.P. Morgan said. The unexpectedl
Published 07 Jan, 2012 12:00am
Warm winter, weak second quarter let West press Iran oil: JP Morgan

Warm winter, weak second quarter let West press Iran oil: JP Morgan

An unusually warm Northern Hemisphere winter and seasonally slack second-quarter oil demand give the West a chance to push hard to curtail Iran's crude exports while minimising the potential for a price spike, analysts at J.P. Morgan said. The unexpectedl
Published 07 Jan, 2012 12:00am
EU states consider delay on any Iran oil ban

EU states consider delay on any Iran oil ban

A European Union embargo on Iranian crude oil imports could take a few months to start because some EU capitals want a delay they say they need to shield their debt-stricken economies, diplomats said on Friday. EU states have agreed in principle to an emb
Published 07 Jan, 2012 12:00am
EU states consider delay on any Iran oil ban

EU states consider delay on any Iran oil ban

A European Union embargo on Iranian crude oil imports could take a few months to start because some EU capitals want a delay they say they need to shield their debt-stricken economies, diplomats said on Friday. EU states have agreed in principle to an emb
Published 07 Jan, 2012 12:00am
EU states consider delay on any Iran oil ban

EU states consider delay on any Iran oil ban

A European Union embargo on Iranian crude oil imports could take a few months to start because some EU capitals want a delay they say they need to shield their debt-stricken economies, diplomats said on Friday. EU states have agreed in principle to an emb
Published 07 Jan, 2012 12:00am
Gas supply to textile sector restored

Gas supply to textile sector restored

Petroleum Minister Dr Asim Hussain has restored gas supply to textile sector and nominated Aptma Group Leader Gohar Ejaz as head of ''Load Management Committee''. He has also set up a task force to finalise recommendation within seven days on import of LN
Published 07 Jan, 2012 12:00am
Gas supply to textile sector restored

Gas supply to textile sector restored

Petroleum Minister Dr Asim Hussain has restored gas supply to textile sector and nominated Aptma Group Leader Gohar Ejaz as head of 'Load Management Committee'. He has also set up a task force to finalise recommendation within seven days on import of LNG.
Published 07 Jan, 2012 12:00am
Gas supply to textile sector restored

Gas supply to textile sector restored

Petroleum Minister Dr Asim Hussain has restored gas supply to textile sector and nominated Aptma Group Leader Gohar Ejaz as head of 'Load Management Committee'. He has also set up a task force to finalise recommendation within seven days on import of LNG.
Published 07 Jan, 2012 12:00am
Coalition partners discuss senate, general elections

Coalition partners discuss senate, general elections

Pakistan People's Party (PPP) and its coalition partners on Friday discussed the roadmap for the forthcoming Senate and general elections. They also discussed the proposed creation of new provinces. The roadmap was reportedly discussed at a meeting of the
Published 07 Jan, 2012 12:00am
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