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Print - 2012-03-25
Rao Qamar made new managing director PIA

Rao Qamar made new managing director PIA

The federal government has appointed Air Chief Marshal Rao Qamar Suleman (Retd) as new Managing Director Pakistan International Airlines (PIA) with immediate effect. Rao Qamar retired on March 18, 2012 from Air Force on completion of three years tenure. T
Published 25 Mar, 2012 12:00am
Rao Qamar made new managing director PIA

Rao Qamar made new managing director PIA

The federal government has appointed Air Chief Marshal Rao Qamar Suleman (Retd) as new Managing Director Pakistan International Airlines (PIA) with immediate effect. Rao Qamar retired on March 18, 2012 from Air Force on completion of three years tenure. T
Published 25 Mar, 2012 12:00am
Two youngsters dead after car crashes into electricity pole

Two youngsters dead after car crashes into electricity pole

At least two youngsters, including the son of former chief sub-editor of Daily Business Recorder Asif Ali Khan, lost their lives while two others sustained injuries in a road accident in the remits of Tipu Sultan police station. According to police
Published 25 Mar, 2012 12:00am
Two youngsters dead after car crashes into electricity pole

Two youngsters dead after car crashes into electricity pole

At least two youngsters, including the son of former chief sub-editor of Daily Business Recorder Asif Ali Khan, lost their lives while two others sustained injuries in a road accident in the remits of Tipu Sultan police station. According to police
Published 25 Mar, 2012 12:00am
Bangladesh to honour independence struggle 'friends'

Bangladesh to honour independence struggle 'friends'

Bangladesh is to honour more than 120 institutions and individuals, including the Red Cross and the United Nations refugee agency, for their help during its liberation war from Pakistan 41 years ago, an official said Saturday. Prime Minister Sheikh Hasina
Published 25 Mar, 2012 12:00am
Bangladesh to honour independence struggle 'friends'

Bangladesh to honour independence struggle 'friends'

Bangladesh is to honour more than 120 institutions and individuals, including the Red Cross and the United Nations refugee agency, for their help during its liberation war from Pakistan 41 years ago, an official said Saturday. Prime Minister Sheikh Hasina
Published 25 Mar, 2012 12:00am
Lawyers assassination: SBC announces three-day mourning, court's boycott

Lawyers assassination: SBC announces three-day mourning, court's boycott

Sindh Bar Council (SBC) on Saturday announced three day mourning and boycott of courts proceedings till Monday to condemn the killings of two lawyers. A senior lawyer, Sallahuddin Haider Jaferi Advocate and his son, Ali Raza Haider Jaferi Advocate were as
Published 25 Mar, 2012 12:00am
Lawyers assassination: SBC announces three-day mourning, court's boycott

Lawyers assassination: SBC announces three-day mourning, court's boycott

Sindh Bar Council (SBC) on Saturday announced three day mourning and boycott of courts proceedings till Monday to condemn the killings of two lawyers. A senior lawyer, Sallahuddin Haider Jaferi Advocate and his son, Ali Raza Haider Jaferi Advocate were as
Published 25 Mar, 2012 12:00am
Insurance/takaful companies: SECP enforces compliance with AML Act

Insurance/takaful companies: SECP enforces compliance with AML Act

The Securities and Exchange Commission of Pakistan (SECP) has ensured that all insurance/takaful companies and insurance brokers should comply with the provisions of the Anti-Money Laundering Act, 2010. It is learnt on Saturday that the Annual Report of t
Published 25 Mar, 2012 12:00am
Insurance/takaful companies: SECP enforces compliance with AML Act

Insurance/takaful companies: SECP enforces compliance with AML Act

The Securities and Exchange Commission of Pakistan (SECP) has ensured that all insurance/takaful companies and insurance brokers should comply with the provisions of the Anti-Money Laundering Act, 2010. It is learnt on Saturday that the Annual Report of t
Published 25 Mar, 2012 12:00am
Insurance/takaful companies: SECP enforces compliance with AML Act

Insurance/takaful companies: SECP enforces compliance with AML Act

The Securities and Exchange Commission of Pakistan (SECP) has ensured that all insurance/takaful companies and insurance brokers should comply with the provisions of the Anti-Money Laundering Act, 2010. It is learnt on Saturday that the Annual Report of t
Published 25 Mar, 2012 12:00am
Insurance/takaful companies: SECP enforces compliance with AML Act

Insurance/takaful companies: SECP enforces compliance with AML Act

The Securities and Exchange Commission of Pakistan (SECP) has ensured that all insurance/takaful companies and insurance brokers should comply with the provisions of the Anti-Money Laundering Act, 2010. It is learnt on Saturday that the Annual Report of t
Published 25 Mar, 2012 12:00am
Prices of essential kitchen items remain high

Prices of essential kitchen items remain high

Prices of most of the essential kitchen items remained on high side while due to high demand/prices some of the pulses were not available even at the utility stores during the last week as compared to the preceding week, a survey carried out by Busines
Published 25 Mar, 2012 12:00am
Prices of essential kitchen items remain high

Prices of essential kitchen items remain high

Prices of most of the essential kitchen items remained on high side while due to high demand/prices some of the pulses were not available even at the utility stores during the last week as compared to the preceding week, a survey carried out by Busines
Published 25 Mar, 2012 12:00am
Prices of essential kitchen items remain high

Prices of essential kitchen items remain high

Prices of most of the essential kitchen items remained on high side while due to high demand/prices some of the pulses were not available even at the utility stores during the last week as compared to the preceding week, a survey carried out by Busines
Published 25 Mar, 2012 12:00am
Railways to privatise four Rawalpindi rail cars

Railways to privatise four Rawalpindi rail cars

Pakistan Railways administration has planned to privatise four rail cars between Lahore and Rawalpindi and invited the interested parties for biddings in this regard. The trains being privatised were 101 Up Subakraftar, 102 Down Subakraftar, 103 Up Subakh
Published 25 Mar, 2012 12:00am
Railways to privatise four Rawalpindi rail cars

Railways to privatise four Rawalpindi rail cars

Pakistan Railways administration has planned to privatise four rail cars between Lahore and Rawalpindi and invited the interested parties for biddings in this regard. The trains being privatised were 101 Up Subakraftar, 102 Down Subakraftar, 103 Up Subakh
Published 25 Mar, 2012 12:00am
Railways to privatise four Rawalpindi rail cars

Railways to privatise four Rawalpindi rail cars

Pakistan Railways administration has planned to privatise four rail cars between Lahore and Rawalpindi and invited the interested parties for biddings in this regard. The trains being privatised were 101 Up Subakraftar, 102 Down Subakraftar, 103 Up Subakh
Published 25 Mar, 2012 12:00am
Zardari for closer Pak-Tajik cooperation in diverse fields

Zardari for closer Pak-Tajik cooperation in diverse fields

President Asif Ali Zardari on Saturday said that in the post 2014 geo-strategic scenario after drawdown of foreign forces from Afghanistan it was important that Pakistan and Tajikistan developed closer co-operation in all fields, particularly in the areas
Published 25 Mar, 2012 12:00am
Zardari for closer Pak-Tajik cooperation in diverse fields

Zardari for closer Pak-Tajik cooperation in diverse fields

President Asif Ali Zardari on Saturday said that in the post 2014 geo-strategic scenario after drawdown of foreign forces from Afghanistan it was important that Pakistan and Tajikistan developed closer co-operation in all fields, particularly in the areas
Published 25 Mar, 2012 12:00am
Zardari for closer Pak-Tajik cooperation in diverse fields

Zardari for closer Pak-Tajik cooperation in diverse fields

President Asif Ali Zardari on Saturday said that in the post 2014 geo-strategic scenario after drawdown of foreign forces from Afghanistan it was important that Pakistan and Tajikistan developed closer co-operation in all fields, particularly in the areas
Published 25 Mar, 2012 12:00am
Obama warns of economic hit if transport bill not passed

Obama warns of economic hit if transport bill not passed

President Barack Obama urged lawmakers in the House of Representatives to pass a bill that would extend funding for infrastructure and transportation projects, warning that failure to do so would hurt US economic recovery. The US Senate recently passed a
Published 25 Mar, 2012 12:00am
Obama warns of economic hit if transport bill not passed

Obama warns of economic hit if transport bill not passed

President Barack Obama urged lawmakers in the House of Representatives to pass a bill that would extend funding for infrastructure and transportation projects, warning that failure to do so would hurt US economic recovery. The US Senate recently passed a
Published 25 Mar, 2012 12:00am
Obama warns of economic hit if transport bill not passed

Obama warns of economic hit if transport bill not passed

President Barack Obama urged lawmakers in the House of Representatives to pass a bill that would extend funding for infrastructure and transportation projects, warning that failure to do so would hurt US economic recovery. The US Senate recently passed a
Published 25 Mar, 2012 12:00am
Indo-Pak water dispute: talks to be resumed next week

Indo-Pak water dispute: talks to be resumed next week

Indo-Pak talks on water dispute are resuming in the last week of March and Pakistani delegation, led by Secretary Water and Power, is proceeding to India, to hold negotiations with Indian counterparts. Member Water Wapda, Syed Raghib Abbas Shah told repor
Published 25 Mar, 2012 12:00am
Indo-Pak water dispute: talks to be resumed next week

Indo-Pak water dispute: talks to be resumed next week

Indo-Pak talks on water dispute are resuming in the last week of March and Pakistani delegation, led by Secretary Water and Power, is proceeding to India, to hold negotiations with Indian counterparts. Member Water Wapda, Syed Raghib Abbas Shah told repor
Published 25 Mar, 2012 12:00am
Indo-Pak water dispute: talks to be resumed next week

Indo-Pak water dispute: talks to be resumed next week

Indo-Pak talks on water dispute are resuming in the last week of March and Pakistani delegation, led by Secretary Water and Power, is proceeding to India, to hold negotiations with Indian counterparts. Member Water Wapda, Syed Raghib Abbas Shah told repor
Published 25 Mar, 2012 12:00am
French gunman's brother whisked to Paris intelligence Headquarters

French gunman's brother whisked to Paris intelligence Headquarters

The brother of an al Qaeda-inspired gunman who murdered seven people was whisked to Paris on Saturday for further questioning and a police source disclosed he had said he was "proud" of his late sibling's killing spree. President Nicolas Sarkozy summoned
Published 25 Mar, 2012 12:00am
US World Bank pick to win broad support: Geithner

US World Bank pick to win broad support: Geithner

Jim Yong Kim, the US nominee to lead the World Bank, will win broad international support despite an unprecedented challenge by candidates from emerging economies, US Treasury Secretary Timothy Geithner said in an interview. Washington's hold on the World
Published 25 Mar, 2012 12:00am
Nawaz vows to back Supreme Court decisions' implementation

Nawaz vows to back Supreme Court decisions' implementation

Pakistan Muslim League (PML-N) President Muhammad Nawaz Sharif on Saturday said that his party would hold accountable all those who had been making plans to disobey the decisions of the Supreme Court. "We will not only fully respect the Supreme Court's de
Published 25 Mar, 2012 12:00am
Nawaz vows to back Supreme Court decisions' implementation

Nawaz vows to back Supreme Court decisions' implementation

Pakistan Muslim League (PML-N) President Muhammad Nawaz Sharif on Saturday said that his party would hold accountable all those who had been making plans to disobey the decisions of the Supreme Court. "We will not only fully respect the Supreme Court's de
Published 25 Mar, 2012 12:00am
Terms of engagement with US: opposition decides to adopt joint strategy

Terms of engagement with US: opposition decides to adopt joint strategy

Opposition parties on Saturday decided to adopt a joint strategy in joint sitting of the parliament with regard to new terms of engagement with the US and resumption of Nato supplies, declaring that they would not allow the PPP-led coalition government to
Published 25 Mar, 2012 12:00am
Terms of engagement with US: opposition decides to adopt joint strategy

Terms of engagement with US: opposition decides to adopt joint strategy

Opposition parties on Saturday decided to adopt a joint strategy in joint sitting of the parliament with regard to new terms of engagement with the US and resumption of Nato supplies, declaring that they would not allow the PPP-led coalition government to
Published 25 Mar, 2012 12:00am
Sugar price increases by Rs 5-6 per kg

Sugar price increases by Rs 5-6 per kg

Despite applicability of reduced rate of 8 percent sales tax on sugar, the failure of the government to properly regulate prices of this commodity would result in further price fluctuation in spite of presence of sufficient stocks of the commodity in the
Published 25 Mar, 2012 12:00am
Sugar price increases by Rs 5-6 per kg

Sugar price increases by Rs 5-6 per kg

Despite applicability of reduced rate of 8 percent sales tax on sugar, the failure of the government to properly regulate prices of this commodity would result in further price fluctuation in spite of presence of sufficient stocks of the commodity in the
Published 25 Mar, 2012 12:00am
Sugar price increases by Rs 5-6 per kg

Sugar price increases by Rs 5-6 per kg

Despite applicability of reduced rate of 8 percent sales tax on sugar, the failure of the government to properly regulate prices of this commodity would result in further price fluctuation in spite of presence of sufficient stocks of the commodity in the
Published 25 Mar, 2012 12:00am
SECP drafts Public Sector Companies Regulations

SECP drafts Public Sector Companies Regulations

The Securities and Exchange Commission of Pakistan (SECP) has formulated the draft Public Sector Companies (Corporate Governance) Regulations, 2012 in order to improve the governance framework of public sector companies (PSCs).
Published 25 Mar, 2012 12:00am
SECP drafts Public Sector Companies Regulations

SECP drafts Public Sector Companies Regulations

The Securities and Exchange Commission of Pakistan (SECP) has formulated the draft Public Sector Companies (Corporate Governance) Regulations, 2012 in order to improve the governance framework of public sector companies (PSCs).
Published 25 Mar, 2012 12:00am
SECP drafts Public Sector Companies Regulations

SECP drafts Public Sector Companies Regulations

The Securities and Exchange Commission of Pakistan (SECP) has formulated the draft Public Sector Companies (Corporate Governance) Regulations, 2012 in order to improve the governance framework of public sector companies (PSCs).
Published 25 Mar, 2012 12:00am
SECP drafts Public Sector Companies Regulations

SECP drafts Public Sector Companies Regulations

The Securities and Exchange Commission of Pakistan (SECP) has formulated the draft Public Sector Companies (Corporate Governance) Regulations, 2012 in order to improve the governance framework of public sector companies (PSCs).
Published 25 Mar, 2012 12:00am
Regulatory framework for modarabas to be revised: SECP

Regulatory framework for modarabas to be revised: SECP

The Securities and Exchange Commission of Pakistan (SECP) has decided to revise the regulatory framework for modarabas to make it comprehensive, so that market participants could have more operational flexibility. According to the SECP Annual Report for 2
Published 25 Mar, 2012 12:00am
Regulatory framework for modarabas to be revised: SECP

Regulatory framework for modarabas to be revised: SECP

The Securities and Exchange Commission of Pakistan (SECP) has decided to revise the regulatory framework for modarabas to make it comprehensive, so that market participants could have more operational flexibility. According to the SECP Annual Report for 2
Published 25 Mar, 2012 12:00am
Regulatory framework for modarabas to be revised: SECP

Regulatory framework for modarabas to be revised: SECP

The Securities and Exchange Commission of Pakistan (SECP) has decided to revise the regulatory framework for modarabas to make it comprehensive, so that market participants could have more operational flexibility. According to the SECP Annual Report for 2
Published 25 Mar, 2012 12:00am
Regulatory framework for modarabas to be revised: SECP

Regulatory framework for modarabas to be revised: SECP

The Securities and Exchange Commission of Pakistan (SECP) has decided to revise the regulatory framework for modarabas to make it comprehensive, so that market participants could have more operational flexibility. According to the SECP Annual Report for 2
Published 25 Mar, 2012 12:00am
Maoists abduct Indian politician involved in Italy talks

Maoists abduct Indian politician involved in Italy talks

Talks on the release of two Italians kidnapped by India's Maoist rebels would not be derailed despite the abduction of a legislator from the state's ruling party, Orissa Chief Minister Naveen Patnaik said Saturday. Over 100 armed rebels were believed to h
Published 25 Mar, 2012 12:00am
Maoists abduct Indian politician involved in Italy talks

Maoists abduct Indian politician involved in Italy talks

Talks on the release of two Italians kidnapped by India's Maoist rebels would not be derailed despite the abduction of a legislator from the state's ruling party, Orissa Chief Minister Naveen Patnaik said Saturday. Over 100 armed rebels were believed to h
Published 25 Mar, 2012 12:00am
Clashes leave seven soldiers, 22 militants dead

Clashes leave seven soldiers, 22 militants dead

At least seven soldiers and 22 militants died in clashes between Pakistani troops and militants in the restive north-western tribal belt over the past 24 hours, officials said Saturday. Security forces carried out a search operation in South Waziristan re
Published 25 Mar, 2012 12:00am
Clashes leave seven soldiers, 22 militants dead

Clashes leave seven soldiers, 22 militants dead

At least seven soldiers and 22 militants died in clashes between Pakistani troops and militants in the restive north-western tribal belt over the past 24 hours, officials said Saturday. Security forces carried out a search operation in South Waziristan re
Published 25 Mar, 2012 12:00am
Indian minister launches appeal over flailing economy

Indian minister launches appeal over flailing economy

India''s finance minister appealed Saturday to fractious government allies and a hostile opposition to cooperate "in the national interest" to restore the health of Asia''s third-largest economy. Pranab Mukherjee''s call came as global ratings agencies an
Published 25 Mar, 2012 12:00am
Indian minister launches appeal over flailing economy

Indian minister launches appeal over flailing economy

India's finance minister appealed Saturday to fractious government allies and a hostile opposition to cooperate "in the national interest" to restore the health of Asia's third-largest economy. Pranab Mukherjee's call came as global ratings agencies and i
Published 25 Mar, 2012 12:00am
Indian minister launches appeal over flailing economy

Indian minister launches appeal over flailing economy

India's finance minister appealed Saturday to fractious government allies and a hostile opposition to cooperate "in the national interest" to restore the health of Asia's third-largest economy. Pranab Mukherjee's call came as global ratings agencies and i
Published 25 Mar, 2012 12:00am
SRO 1125(I)/2011: Collectors request FBR to define industrial inputs

SRO 1125(I)/2011: Collectors request FBR to define industrial inputs

Collectors of Customs have requested the Federal Board of Revenue to clearly define industrial inputs under the SRO.1125(I)/2011 to avoid confusion in levying lower rate of sales tax or zero-rating for the specified items for leading industrial sectors of
Published 25 Mar, 2012 12:00am
SRO 1125(I)/2011: Collectors request FBR to define industrial inputs

SRO 1125(I)/2011: Collectors request FBR to define industrial inputs

Collectors of Customs have requested the Federal Board of Revenue to clearly define industrial inputs under the SRO.1125(I)/2011 to avoid confusion in levying lower rate of sales tax or zero-rating for the specified items for leading industrial sectors of
Published 25 Mar, 2012 12:00am
SRO 1125(I)/2011: Collectors request FBR to define industrial inputs

SRO 1125(I)/2011: Collectors request FBR to define industrial inputs

Collectors of Customs have requested the Federal Board of Revenue to clearly define industrial inputs under the SRO.1125(I)/2011 to avoid confusion in levying lower rate of sales tax or zero-rating for the specified items for leading industrial sectors of
Published 25 Mar, 2012 12:00am
SRO 1125(I)/2011: Collectors request FBR to define industrial inputs

SRO 1125(I)/2011: Collectors request FBR to define industrial inputs

Collectors of Customs have requested the Federal Board of Revenue to clearly define industrial inputs under the SRO.1125(I)/2011 to avoid confusion in levying lower rate of sales tax or zero-rating for the specified items for leading industrial sectors of
Published 25 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Saturday (March 24, 2012) and the forecast for Sunday (March 25, 2012).

Published 25 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Inflow of $16.153 million FIPI seen in March

Inflow of $16.153 million FIPI seen in March

The foreign investors'' interest continued as a healthy inflow of $16.153 million of foreign investors'' portfolio investment (FIPI) was seen on the local equity market in the current month so far. It was the second consecutive month of continuous foreign
Published 25 Mar, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Inflow of $16.153 million FIPI seen in March

Inflow of $16.153 million FIPI seen in March

The foreign investors' interest continued as a healthy inflow of $16.153 million of foreign investors' portfolio investment (FIPI) was seen on the local equity market in the current month so far. It was the second consecutive month of continuous foreign i
Published 25 Mar, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (March 24, 2012) and for Sunday (March 25, 2012).
Published 25 Mar, 2012 12:00am
Inflow of $16.153 million FIPI seen in March

Inflow of $16.153 million FIPI seen in March

The foreign investors' interest continued as a healthy inflow of $16.153 million of foreign investors' portfolio investment (FIPI) was seen on the local equity market in the current month so far. It was the second consecutive month of continuous foreign i
Published 25 Mar, 2012 12:00am
Haqqani declines to appear before commission

Haqqani declines to appear before commission

Former ambassador of Pakistan to the US, Hussain Haqqani, has declined to appear before Judicial Commission investigating the memo case and requested the Supreme Court of Pakistan to allow him to record his statement in the UK. Haqqani submitted a petitio
Published 25 Mar, 2012 12:00am
Haqqani declines to appear before commission

Haqqani declines to appear before commission

Former ambassador of Pakistan to the US, Hussain Haqqani, has declined to appear before Judicial Commission investigating the memo case and requested the Supreme Court of Pakistan to allow him to record his statement in the UK. Haqqani submitted a petitio
Published 25 Mar, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The dollar was firm on the open market on Saturday in process of trading, dealers said. The rupee did not show any change against dollar for buying and selling at 91.05 and 91.15, they said. The rupee, however, lost steeply versus euro for buying Rs 1.16
Published 25 Mar, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The dollar was firm on the open market on Saturday in process of trading, dealers said. The rupee did not show any change against dollar for buying and selling at 91.05 and 91.15, they said. The rupee, however, lost steeply versus euro for buying Rs 1.16
Published 25 Mar, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (March 24, 2012).

Published 25 Mar, 2012 12:00am