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Print - 2012-01-26
500 grams of heroin seized

500 grams of heroin seized

The staff of Drug Enforcement Cell (DEC) of Preventive Collectorate on Wednesday claimed to have seized fine quality of heroin weighted 500 grams at International Mail Office (Exports) located behind GPO, I.I Chundrigar Road, Karachi. According to stateme
Published 26 Jan, 2012 12:00am
First Pak-Saudi accountancy seminar on February 1

First Pak-Saudi accountancy seminar on February 1

The recently constituted KSA Chapter of the Institute of Chartered Accountants of Pakistan (ICAP) is going to organise First Pak-Saudi Accountancy seminar on February 1 in Riyadh. The theme of the seminar is "Global Financial Outlook: Challenges and Oppor
Published 26 Jan, 2012 12:00am
Banks asked to adopt agriculture financing as viable business model

Banks asked to adopt agriculture financing as viable business model

Yaseen Anwar, Governor, State Bank of Pakistan (SBP) has urged banks to adopt agricultural financing as viable business model through development of specific products/schemes and disseminate best practices through grass-roots level programmes for farmers.
Published 26 Jan, 2012 12:00am
Altaf condemn lawyers' killing

Altaf condemn lawyers' killing

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has strongly condemned the killing of three lawyers near city courts on Wednesday. Hussain expressed grief and sorrows over the incident. He said that the sudden surge in killing of people belonging to di
Published 26 Jan, 2012 12:00am
Killing of three lawyers: CJ SHC takes suo motu notice

Killing of three lawyers: CJ SHC takes suo motu notice

Chief Justice, Sindh High Court (SHC) Justice Musheer Alam on Wednesday took notice of killing of three lawyers in the city and called for a report of the incident from Inspector General of Police (IGP) Sindh. According to Registrar of SHC Abdul Rasool Me
Published 26 Jan, 2012 12:00am
Lawyers' killing: PBC, SCBA give strike call for today

Lawyers' killing: PBC, SCBA give strike call for today

Pakistan Bar Council (PBC) and Supreme Court Bar Association (SCBA) jointly gave a strike call for Thursday (today) against the killing of three lawyers in Karachi. Lawyers would boycott courts' proceedings across the country to protest the killings.
Published 26 Jan, 2012 12:00am
No Umrah without valid return tickets

No Umrah without valid return tickets

The Saudi authorities have allowed the only those pilgrims to perform Umrah this year, who will have the valid (confirmed) return tickets. The step has been taken to avoid rush at Saudi airports and ensure smooth conduct of Umrah season started from Janua
Published 26 Jan, 2012 12:00am
One dead in firing incident

One dead in firing incident

A man died and another sustained injuries in a firing incident took place in the Chattar area of Dera Murad Jamali, Levis officials said on Wednesday. "Clash between two armed groups turned violent and members of rival groups started firing at each other.
Published 26 Jan, 2012 12:00am
Cost of doing business in EPZs 45 percent lower than in Dubai: Tariq

Cost of doing business in EPZs 45 percent lower than in Dubai: Tariq

The Chairman of Export Processing Zones Authority (EPZA), Tariq Hasan, has claimed that the cost of doing business in Export Processing Zones (EPZs) in Pakistan is around 45 percent less as compared to UAE. Speaking at a meeting of Karachi Association of
Published 26 Jan, 2012 12:00am
The killer drugs

The killer drugs

A report of reaction to spurious drugs which killed over 74 patients in Punjab Institute of Cardiology has three aspects that needs thorough investigation. When, how and under which circumstance the drug was registered in the Ministry of Health at Islamab
Published 26 Jan, 2012 12:00am
Obama's State of the Union or state of the election?

Obama's State of the Union or state of the election?

Stumping for a "fair" economy and calling for the wealthy to contribute more in taxes, US President Barack Obama laid out the populist themes that are to dominate his re-election bid as Republicans seek to oust him in November's presidential election.
Published 26 Jan, 2012 12:00am
VIEW POINT: The plot thickens

VIEW POINT: The plot thickens

To the delight of the Zardari/Gilani government, its supporters and hangers-on, Mansoor Ijaz, the central figure in the memo scandal, has expressed his inability to appear before the judicial commission investigating the case. Citing threats to his life a
Published 26 Jan, 2012 12:00am
'Mysterious' killings

'Mysterious' killings

Abdul Saboor, a 29-year-old civilian facing trial in a military court on charges of attacking the GHQ and ISI Hamza Camp, has died under mysterious circumstances, his body found dumped outside the Haji Camp in Peshawar. Actually, the mystery is not diffic
Published 26 Jan, 2012 12:00am
Another disincentive to foreign investment

Another disincentive to foreign investment

We have been consistently highlighting the issue of dwindling foreign investment, along with the possible reasons for this unfavourable development and its highly adverse consequences for the economy in our editorial comments. As if the poor law and order
Published 26 Jan, 2012 12:00am
Speaker National Assembly leaves for Indonesia to attend PUIC session

Speaker National Assembly leaves for Indonesia to attend PUIC session

Speaker National Assembly Dr Fehmida Mirza Wednesday left for Indonesia to attend 7th Session of the Parliamentary Union of OIC Member States (PUIC) Conference. The PUIC Conference is being held in Palembang, South Sumatera, Indonesia from 24th to 31st Ja
Published 26 Jan, 2012 12:00am
Distribution of gas: SCCI criticises Punjab businessmen's demand

Distribution of gas: SCCI criticises Punjab businessmen's demand

The President of Sarhad Chamber of Commerce & Industry (SCCI), Afan Aziz, referring to the demand of Punjab's business community and other quarters for equitable distribution of gas to all industrial sectors, said that Khyber Pakhunkhwa (KP) has availed f
Published 26 Jan, 2012 12:00am
Khyber Pakhtunkhwa doubles budget for employment scheme

Khyber Pakhtunkhwa doubles budget for employment scheme

Khyber Pakhtunkhwa Chief Minister Ameer Haider Khan Hoti has said that funds for Bacha Khan Khpal Rozgar Scheme (BKRS) has been increased to Rs 2 billion, which was started with a budget of Rs 1 billion initially. The chief minister was chairing a meeting
Published 26 Jan, 2012 12:00am
Arrest of Khurram Rasool: two-day deadline given to FIA

Arrest of Khurram Rasool: two-day deadline given to FIA

The Supreme Court Wednesday gave a two-day deadline to FIA to arrest Khurram Rasool, ex-media advisor to Prime Minister Yousuf Raza Gilani. Khurram Rasool has allegedly pocketed over Rs 650 million from Karachi based companies - Sahara Gas (Pvt) Limited a
Published 26 Jan, 2012 12:00am
Rashid Zahir re-elected chairman BoD ISE

Rashid Zahir re-elected chairman BoD ISE

Muhammad Rashid Zahir has been re-elected as Chairman of the Board of Directors of the Islamabad Stock Exchange (ISE). He has extensive executive/board level experience in commercial, development and investment banking.
Published 26 Jan, 2012 12:00am
Prime Minister leaves for Davos

Prime Minister leaves for Davos

Prime Minister Syed Yusuf Raza Gilani on Wednesday left for Davos, Switzerland to attend the annual World Economic Forum, being held in Davos from 25 to 29 January 2012. He is accompanied by Foreign Minister Hina Rabbani Khar, Finance Minister Dr Abdul Ha
Published 26 Jan, 2012 12:00am
Main culprit in murder case of two women arrested

Main culprit in murder case of two women arrested

Islamabad Police have arrested a main culprit from Bahara Kahu after shootout at Pakistan Institute of Medical Sciences (PIMS) wherein two women were shot dead two weeks ago, Police officials revealed. A case number 17/12 was registered against the accuse
Published 26 Jan, 2012 12:00am
Government fails to name PAC chairman for two months

Government fails to name PAC chairman for two months

The government has failed to appoint new chairman of Public Accounts Committee (PAC) of the National Assembly despite passage of two months, making it dysfunctional after the resignation of Nisar Ali Khan on November 27, 2011. The Auditor General report i
Published 26 Jan, 2012 12:00am
Customers facilitation week launched

Customers facilitation week launched

The Banking Services Corporation Peshawar in collaboration with State Bank of Pakistan (SBP) on Wednesday launched 'Customer Facilitation Week'. SBP Manager Peshawar, Mohammad Tanveer-ul- Islam formally inaugurated the week. Under the programme, the custo
Published 26 Jan, 2012 12:00am
Gwadar Land Allotment Inquiry Commission granted extension

Gwadar Land Allotment Inquiry Commission granted extension

Prime Minister Syed Yousuf Raza Gilani has approved a further three months extension to the Inquiry Commission looking into the allotment of land at Gwadar at the request of Balochistan High Court. The Commission was set up under Justice Muhammad Noor Mis
Published 26 Jan, 2012 12:00am
PPL declares interim dividend

PPL declares interim dividend

The profit after tax of Pakistan Petroleum Limited (PPL) increased to Rs 20.113 billion in the half year ended on December 31, 2011 as compared to Rs 16.618 billion earned in the corresponding period in 2010. The company's earning per share (basic and dil
Published 26 Jan, 2012 12:00am
PPL declares interim dividend

PPL declares interim dividend

The profit after tax of Pakistan Petroleum Limited (PPL) increased to Rs 20.113 billion in the half year ended on December 31, 2011 as compared to Rs 16.618 billion earned in the corresponding period in 2010. The company's earning per share (basic and dil
Published 26 Jan, 2012 12:00am
Bashir says drone strikes absolutely unlawful

Bashir says drone strikes absolutely unlawful

Foreign Secretary Salman Bashir on Wednesday termed US drone strikes absolutely unlawful and violation of Pakistan's sovereignty, which could not be condoned.
Published 26 Jan, 2012 12:00am
MoP plans to inject 800 mmcfd gas into system in six months

MoP plans to inject 800 mmcfd gas into system in six months

The Ministry of Petroleum and Natural Resources has planned to bring up to 800 million cubic feet per day (mmcfd) gas into the system within the next six months, which would be sufficient to overcome the current energy crisis. Official sources in the Petr
Published 26 Jan, 2012 12:00am
Jamaat-e-Islami urges PML-N leadership to keep pursuing memo issue

Jamaat-e-Islami urges PML-N leadership to keep pursuing memo issue

The Jamaat-e-Islami Secretary General, Liaqat Baloch, has said that the PML (N) leadership had moved the memo issue before the Supreme Court, therefore, it should pursue it to the end. He was talking to the media at the Surrayia Azeem Trust Hospital being
Published 26 Jan, 2012 12:00am
Crackdown on foreigners staying illegally in Multan begins

Crackdown on foreigners staying illegally in Multan begins

The district police have launched a crackdown on foreigners, staying illegally in Multan after the arrest of a Sri Lankan here on Tuesday night. The Sri Lankan was identified as Christi Silva, who was caught from Maryam Church near industrial estate locat
Published 26 Jan, 2012 12:00am
Drug reaction patients get financial assistance

Drug reaction patients get financial assistance

Parliamentary Secretary Health Dr Saeed Elahi, Khawaja Salman Rafique MPA, Khawaja Imran Nazir MPA and Bilal Yasin MNA distributed cash assistance of Rs 30 thousand each to under treatment patients of drug reaction. The cheques were given to 37 patients i
Published 26 Jan, 2012 12:00am
PTCL taps Reema into 'Life in Motion' drive

PTCL taps Reema into 'Life in Motion' drive

In a sustained effort to redefine telecommunication usage in Pakistan by bringing value to the lives of its customers, PTCL has tapped into the charisma of renowned Pakistani celebrity, Reema Khan, in its newly launched 'Life in Motion' strategic campaign
Published 26 Jan, 2012 12:00am
Another three persons succumb to drug reaction

Another three persons succumb to drug reaction

The drug reaction claimed lives of three more people on Wednesday raising the death toll to 72 so far. Bilqees Bibi (58) died at Mayo Hospital while Rana Anwar (60) and Abdul Ghani (50) died at Services Hospital. As per details, 9 deaths have so far repor
Published 26 Jan, 2012 12:00am
The Weather

The Weather

The weather report on Wednesday (January 25, 2012) and the forecast for Thursday (January 26, 2012).

Published 26 Jan, 2012 12:00am
USB urged to provide its books to libraries

USB urged to provide its books to libraries

Federal Minister National Heritage & Integration Samina Khalid Ghurki has advised Urdu Science Board (USB) to provide its books to the libraries of all government educational institutions. Presiding over a meeting of USB, the minister appreciated the serv
Published 26 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 25, 2012).

Published 26 Jan, 2012 12:00am
Punjab Assembly readopts 14 bills sent back by Governor sans amendments

Punjab Assembly readopts 14 bills sent back by Governor sans amendments

The Punjab Assembly on Wednesday readopted 14 bills without any modifications that were sent back by Punjab Governor Latif Khosa for reconsideration. Twenty-eight bills, passed by the House, were sent to Punjab Governor for authentication but he had sent
Published 26 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 26 Jan, 2012 12:00am
Gas supply restored to textile mills in Faisalabad

Gas supply restored to textile mills in Faisalabad

The SNGPL restored gas supply to the textile mills in Faisalabad zone on Wednesday. Resultantly, the textile mills in Faisalabad kept their boilers on besides generating electricity through Captive Power Plants to utilise their capacities. In the next sta
Published 26 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 26 Jan, 2012 12:00am
Seven of a family die as roof caves in

Seven of a family die as roof caves in

Seven members of a family including two women and four children died and one injured when roof of their dilapidated house suddenly caved in due to gas cylinder explosion in Namak Mandi area here on Wednesday, said police and Rescue 1122 sources.The incide
Published 26 Jan, 2012 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 Wednesday (January 25, 2012).

Published 26 Jan, 2012 12:00am
ATTOCK REFINERY LIMITED

ATTOCK REFINERY LIMITED

Attock Refinery Limited was incorporated as a private limited company in 1978, taking over the refinery operations of Attock Oil Company (AOC). It was later converted into a public limited company in 1979 and is listed on all the three stock exchanges of
Published 26 Jan, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 25, 2012).

Published 26 Jan, 2012 12:00am
ATTOCK REFINERY LIMITED

ATTOCK REFINERY LIMITED

Attock Refinery Limited was incorporated as a private limited company in 1978, taking over the refinery operations of Attock Oil Company (AOC). It was later converted into a public limited company in 1979 and is listed on all the three stock exchanges of
Published 26 Jan, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (January 25, 2012) and for Thursday (January 26, 2012).
Published 26 Jan, 2012 12:00am
Cut in turnover tax rate on motorcycle dealers demanded

Cut in turnover tax rate on motorcycle dealers demanded

The Lahore Chamber of Commerce and Industry has demanded of the Federal Board of Revenue to bring down the rate of turnover tax on the motorcycle dealers from existing 1 percent to 0.2 percent. The demand was raised by the LCCI president Irfan Qaiser Shei
Published 26 Jan, 2012 12:00am
Outdated commercial vehicles banned

Outdated commercial vehicles banned

The Khyber Pakhtunkhwa Minister for Transport & Information, Mian Iftikhar Hussain has directed the Traffic and police departments to impose complete ban on plying of outdated commercial vehicles on the roads. He said that government would launch special
Published 26 Jan, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 25, 2012).

Published 26 Jan, 2012 12:00am
Mobilink: country's largest network with 8,575 sites

Mobilink: country's largest network with 8,575 sites

Mobilink has always been using cutting edge technology in providing best cellular service to the customers by capitalising on infrastructure investment, increased coverage and great customer management relationship. This was stated by Rashid Khan Presiden
Published 26 Jan, 2012 12:00am
Correction

Correction

Apropos a news item "Pakistan and America - Dehshatgardi, Siyasat and Maeeshat" carried by Business Recorder on January 21, 2012, the contents of Para one and four need to be amended as under: In Para one, the word "part" be substituted with "natur
Published 26 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 Wednesday (January 25, 2012).

Published 26 Jan, 2012 12:00am
Three dead in Quetta firing

Three dead in Quetta firing

Unknown armed men shot dead three persons here on McConghey Road on Wednesday evening, police said. According to the local police and hospital sources, the armed men who were on a motorbike raked a Toyota Witz with bullets at McConghey road and fled from
Published 26 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 25, 2012).

Published 26 Jan, 2012 12:00am
Non-Performing Finance of IBI reaches Rs 15.78 billion

Non-Performing Finance of IBI reaches Rs 15.78 billion

The Non-Performing Finance of Islamic Banking Industry (IBI) has registered a healthy growth of over 16 percent and crossed Rs 15 billion mark end of third quarter of calendar year 2011. According to State Bank of Pakistan, Asset quality of the industry d
Published 26 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 25, 2012).

Published 26 Jan, 2012 12:00am
Peace in Kurram Agency to be maintained at all costs: Kausar

Peace in Kurram Agency to be maintained at all costs: Kausar

Governor Khyber Pakhtunkhwa Barrister Masood Kausar Wednesday said that peace in Kurram Agency will be maintained at all costs, urging all the stakeholders to watch the situation for a quick response to any eventuality from any side to sabotage the peacef
Published 26 Jan, 2012 12:00am
Woman among three killed in city

Woman among three killed in city

At least three persons including a woman were killed in separate incidents of violence at various parts of the metropolis, here on Wednesday. According to police and rescue sources, a man was shot dead at Jan Mohammad Village Liaquatabad in the limits of
Published 26 Jan, 2012 12:00am
Ministers' absence irks Senators

Ministers' absence irks Senators

Treasury as well as opposition members in the Senate on Wednesday showed strong resentment over the absence of ministers and wanted ruling of the chairman. When the proceedings began, ministers were present but gradually they started leaving the House. Th
Published 26 Jan, 2012 12:00am
THE RUPEE: dollar dips

THE RUPEE: dollar dips

The rupee was going ground both in interbank deals and open market trade, currency dealers said here on Wednesday. The rupee recovered a bit by gaining six paisa for buying and selling at 90.16 and 90.18.
Published 26 Jan, 2012 12:00am
'US helping Pakistan to end energy crisis'

'US helping Pakistan to end energy crisis'

Deputy Director USAID Punjab Gail Spence said on Wednesday that the US wanted Pakistan's energy sector to strengthen hence, helping the country to end energy crisis. She further said that in addition to supporting improvements in the power distribution sy
Published 26 Jan, 2012 12:00am
THE RUPEE: dollar dips

THE RUPEE: dollar dips

The rupee was going ground both in interbank deals and open market trade, currency dealers said here on Wednesday. The rupee recovered a bit by gaining six paisa for buying and selling at 90.16 and 90.18.
Published 26 Jan, 2012 12:00am
Secretary health summoned on contempt plea

Secretary health summoned on contempt plea

The Lahore High Court on Wednesday issuing show cause notice summoned Secretary Health Punjab, DCOs Chiniot and Jhang to appear before the court on February 8, on a contempt petition against not paying salaries to a security guard for the last 19 years de
Published 26 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (January 25, 2012).

Published 26 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (January 25, 2012).

Published 26 Jan, 2012 12:00am
PAF FT-7 training aircraft crashes

PAF FT-7 training aircraft crashes

A Pakistan Air Force (PAF) FT-7 training aircraft crashed near Mianwali on Wednesday but a trainee pilot and the instructor managed to bale out safely. According to a spokesman of PAF here, the aircraft was on its routine training mission and crashed soon
Published 26 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (January 25, 2012).

Published 26 Jan, 2012 12:00am
High alert in IHK on Indian Republic Day

High alert in IHK on Indian Republic Day

A high alert has been sounded in Srinagar while the Indian police and paramilitary personnel have increased their vigil and patrolling to hold official functions of Indian Republic Day on January 26 in the occupied territory. Indian policemen and paramili
Published 26 Jan, 2012 12:00am
Factors weakening rupee against dollar listed

Factors weakening rupee against dollar listed

Growing pressure on foreign exchange reserves, weak macroeconomic indicators coupled with relatively high inflation rate in Pakistan as compared to its trading partners are major factors for the depreciation of the rupee against the US dollar.
Published 26 Jan, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (January 25, 2012).

Published 26 Jan, 2012 12:00am
NAB Sindh promotions

NAB Sindh promotions

National Accountability Bureau (NAB) Sindh's assistant directors Nasir Junejo, Masood Ahmed, Ahmed Raza, Tahir Saeed Ahmed Shaikh and Ms Innas Saleem have been promoted as deputy directors of the bureau.
Published 26 Jan, 2012 12:00am
NAB Board meeting approves plea bargains

NAB Board meeting approves plea bargains

The National Accountability Bureau (NAB) board meeting held here on Wednesday, which discussed threadbare the case of Parliamentarian's Enclave Housing Scheme, Islamabad for payment to the affectees by former senator Ayaz Khan Mandokhail.
Published 26 Jan, 2012 12:00am
'Textile industry on course of total disaster'

'Textile industry on course of total disaster'

Textile industry is on the course of total disaster as production and exports are falling month by month due to persistent gas closure and electricity load shedding in Punjab, said Arif Tauseef, Chairman of Pakistan Textile Exporters Association, while ta
Published 26 Jan, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jan, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jan, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 26 Jan, 2012 12:00am
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