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Print - 2012-03-31
Norwegian official meets Fiza Gilani

Norwegian official meets Fiza Gilani

Norwegian Charge d' affaires Terje Barstad called on Goodwill Ambassador for Women Empowerment, Fiza Batool Gilani on Friday and discussed matters of mutual interest. This meeting was a follow-up of her bilateral meeting with Ms Ingrid Fiskaa, Deputy Mini
Published 31 Mar, 2012 12:00am
Gas supply to Engro's new plant being discontinued

Gas supply to Engro's new plant being discontinued

In order to manage the demand-supply position, Sui Northern Gas Pipelines Limited (SNGPL) has announced they are discontinuing gas supply to the new fertiliser plant of Engro Fertilisers Limited.
Published 31 Mar, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 30, 2012).

Published 31 Mar, 2012 12:00am
Gas supply to Engro's new plant being discontinued

Gas supply to Engro's new plant being discontinued

In order to manage the demand-supply position, Sui Northern Gas Pipelines Limited (SNGPL) has announced they are discontinuing gas supply to the new fertiliser plant of Engro Fertilisers Limited.
Published 31 Mar, 2012 12:00am
Two woman entrepreneurs clinch Shell Tameer Award

Two woman entrepreneurs clinch Shell Tameer Award

A two emerging young female entrepreneurs of Khyber Pakhtunkhwa with exceptional skills, charismatic and elegant art-work introduced by Youth Entrepreneurship Development Forum, Women Business Development Centre (WBDC) Peshawar grabbed "Shell Tameer Award
Published 31 Mar, 2012 12:00am
Parliamentarians call on Prime Minister

Parliamentarians call on Prime Minister

Minister for Information and Broadcasting Dr Firdous Ashiq Awan, Minister for SAFRON, Engr. Shaukatullah Khan, Minister for Religious Affairs, Syed Khursheed Shah, Minister for Foreign Affairs, Ms Hina Rabbani Khar, Minister for Kashmir Affairs, Mian Manz
Published 31 Mar, 2012 12:00am
Rally seeks recovery of missing persons

Rally seeks recovery of missing persons

Relatives of missing persons on Friday staged a protest rally for the recovery of their missing dear ones. Chairperson Defence of Human Rights Amina Masood Janjua led the rally, wherein a large number of citizens, children, relatives and parents of missin
Published 31 Mar, 2012 12:00am
Tribal students oppose shifting of cadet college

Tribal students oppose shifting of cadet college

The tribal students from Waziristan agency have opposed the shifting of Razmak Cadet College, demanding of government to abstain from taking such anti-education steps in the tribal region. Speaking at a news conference, president Fata students Federation,
Published 31 Mar, 2012 12:00am
CDA all set to begin work on Khayaban-e-Margallah project

CDA all set to begin work on Khayaban-e-Margallah project

The cash starved Capital Development Authority (CDA) is all set to start construction work at Khyaban-e-Margalla in a bid to increase the value of a huge chunk of land owned by some political heavyweights, government officials and land mafia. The civic bo
Published 31 Mar, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Mar, 2012 12:00am
LPG price likely to decline by Rs 8 per kg

LPG price likely to decline by Rs 8 per kg

The price of Liquefied Petroleum Gas (LPG) is expected to decline by up to rupees eight per kilogram - Rs 95 per domestic cylinder and Rs 360 per commercial cylinder. According to market sources, LPG Saudi Aramco Contract Price (CP) for April is expected
Published 31 Mar, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Mar, 2012 12:00am
CDA organises spring flower, vegetable show

CDA organises spring flower, vegetable show

The annual Spring Flowers & Vegetable Show - 2012 opened at Rose and Jasmine Garden on Friday, which was organised by the Capital Development Authority (CDA). Chairman CDA, Engineer Farkhand Iqbal inaugurated the three day event. Member Environment, Mian
Published 31 Mar, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 31 Mar, 2012 12:00am
NH&MP arrests seven suspects

NH&MP arrests seven suspects

National Highways & Motorway Police (NH&MP) has foiled four attempts of dacoities by prompt action and rounded up seven dacoits from whom illegal arms and ammunition were recovered. According to the NH&MP Spokesperson, the police have foiled four attempts
Published 31 Mar, 2012 12:00am
Pakistan signs membership agreement with Forum of Federations

Pakistan signs membership agreement with Forum of Federations

The signing ceremony of the Framework Agreement between the Forum of Federations and the Islamic Republic of Pakistan held here on Friday, which was arranged by the Ministry of Inter-Provincial Co-ordination. Pakistan has signed the membership agreement w
Published 31 Mar, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 Mar, 2012 12:00am
Palm Sunday on April 1

Palm Sunday on April 1

The Christian community across the world including Pakistan will mark Palm Sunday - a Christian moveable feast that falls on the Sunday before Easter on April 1. The feast commemorates Jesus' triumphal entry into Jerusalem, an event mentioned in all four
Published 31 Mar, 2012 12:00am
Technology Display Centre inaugurated at PCSIR Complex

Technology Display Centre inaugurated at PCSIR Complex

Khyber Pakhtunkhwa Minister for Science and Information Technology (S&IT) Mohammad Ayub Khan has said that the provincial government had funded 37 science and research oriented projects identified by different universities and will fund more such projects
Published 31 Mar, 2012 12:00am
Danish police seize 20 kg of heroin at airport

Danish police seize 20 kg of heroin at airport

Danish police say they have seized 20.5 kilograms (45.2 pounds) of heroin at Copenhagen's international airport. Copenhagen police spokesman Knud Hvass says four people were arrested three in Denmark and one in Spain after a bag with the heroin arrived by
Published 31 Mar, 2012 12:00am
Al Baraka Bank declares 177 percent increase in total operating income

Al Baraka Bank declares 177 percent increase in total operating income

Al Baraka Bank Pakistan, a subsidiary banking unit of Al Baraka Banking Group B S C (ABG), announced a remarkable increase of 177 percent in total operating income in year 2011. Shareholders equity enhanced by 6.6 percent, total assets also increased by 1
Published 31 Mar, 2012 12:00am
Al Baraka Bank declares 177 percent increase in total operating income

Al Baraka Bank declares 177 percent increase in total operating income

Al Baraka Bank Pakistan, a subsidiary banking unit of Al Baraka Banking Group B S C (ABG), announced a remarkable increase of 177 percent in total operating income in year 2011. Shareholders equity enhanced by 6.6 percent, total assets also increased by 1
Published 31 Mar, 2012 12:00am
Brigadier Ali seeks transfer of his case

Brigadier Ali seeks transfer of his case

Brigadier Ali Khan, who is currently facing court martial proceedings, has filed an application in Supreme Court of Pakistan seeking transfer of his case before Justice Mazhar Iqbal Sindhu of Lahore High Court (LHC), currently posted at principal in Lahor
Published 31 Mar, 2012 12:00am
Effective checks may be placed on illegal input tax adjustments

Effective checks may be placed on illegal input tax adjustments

The Federal Board of Revenue is seriously reviewing four major proposals to place effective checks for preventing phenomenon of illegal input tax adjustments including amendment to the Sales Tax Act 1990 to make buyers of fake invoices responsible for pur
Published 31 Mar, 2012 12:00am
IESCO shutdown notice

IESCO shutdown notice

According to IESCO spokesman, due to electricity maintenance/development work the power supply of the areas fall under the following Grid Station/feeders would remain suspended as under.
Published 31 Mar, 2012 12:00am
Punjab health department announces PMF exams results

Punjab health department announces PMF exams results

Health Department Punjab has announced results of annual and supplementary examinations of Punjab Medical Faculty (PMF) Lahore and Government College of Paramedics Faisalabad. The supplementary examinations of Punjab Medical Faculty were held in October 2
Published 31 Mar, 2012 12:00am
A environment-friendly society

A environment-friendly society

With an ambitious energy agreement, Denmark takes a decisive step towards a society free of coal, oil and natural gas, says a press release issued on Friday. In 2020, half of the electricity consumption will come from wind power (today it's 25 per cent),
Published 31 Mar, 2012 12:00am
Soneri Bank declares Rs 784 million after tax profit

Soneri Bank declares Rs 784 million after tax profit

The Soneri Bank Ltd declared Rs 784 million after tax profit up from Rs 125 million for the financial year ending 31st December 2011. This was mainly driven by growth in Net Interest and Non -Interest Income, which recorded an annual growth of 27.9 percen
Published 31 Mar, 2012 12:00am
MoF informs ECC July-February remittances rose by 23.4 percent

MoF informs ECC July-February remittances rose by 23.4 percent

The Ministry of Finance has informed the Economic Co-ordination Committee (ECC) of the Cabinet that workers' remittances increased by 23.4 percent during July-February 2011-12 as compared to the corresponding period last year. Sources told Business Rec
Published 31 Mar, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (March 30, 2012).

Published 31 Mar, 2012 12:00am
'Special repair' of 150 locomotives approved: Bilour

'Special repair' of 150 locomotives approved: Bilour

The Federal Minister for Railways, Ghulam Ahmed Bilour, was sanguine that there will be betterment in the Railways. He was talking to reporters after inaugurating new bogies of Korakaram Express at the Karachi Cantonment Station on Friday. The Minister wa
Published 31 Mar, 2012 12:00am
Cash withdrawals from banks: WHT collection saw major decline

Cash withdrawals from banks: WHT collection saw major decline

There has been a major decline in withholding tax (WHT) collection on cash withdrawals from banks during first half of current fiscal year due to rate reduction in the Budget 2011-12. According to the FBR quarterly report issued here on Friday, the withho
Published 31 Mar, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 30, 2012).
Published 31 Mar, 2012 12:00am
Alarming rise in Population

Alarming rise in Population

Pakistan's overall population rose by 47 percent in just 14 years, according to preliminary results of the housing listings 2011. This is a very disturbing figure as it necessitates a Gross Domestic Product growth in excess of 7 percent per annum just to
Published 31 Mar, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 30, 2012).

Published 31 Mar, 2012 12:00am
Climate change risks

Climate change risks

A UN report on the effects of climate change warns of world-wide increase in heatwaves, more intense rains and floods and a probable rise in the intensity of droughts. Asia, it says, will be more vulnerable to natural disasters. As a matter of fact, chang
Published 31 Mar, 2012 12:00am
Pakistani asylum seekers

Pakistani asylum seekers

According to a UNHCR report, an increasing number of Pakistanis are seeking asylum in other countries. As many as 39,982 persons had taken shelter in other countries, said the report. Of these 20,017 applied for asylum. Earlier this month, chief of the UK
Published 31 Mar, 2012 12:00am
Small farmer

Small farmer

Pakistan has 93% small farmers defined as less than 12.5 acres. Of these, about 60% have less than 3 acres while the number having one acre or less is also there. Since I have been working in the government on agriculture at the policymaking levels, I can
Published 31 Mar, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (March 30, 2012).

Published 31 Mar, 2012 12:00am
Financial literacy

Financial literacy

Inaccessibility to financial services is considered a serious threat to the economic progress of any country. Therefore, enhancing the involvement of all segments of the economy is among the core objectives of the monetary policy. Ineligibility of prospec
Published 31 Mar, 2012 12:00am
Anger in Germany at Merkel's anti-subsidy partner FDP

Anger in Germany at Merkel's anti-subsidy partner FDP

When a business crashes in Germany, the public expects the government to ease the pain. An attempt was made to do just that after 11,000 workers were laid off by a bankrupt nation-wide drugstore chain. But the pro-small business junior partner in Chancell
Published 31 Mar, 2012 12:00am
Deadliest place on earth?

Deadliest place on earth?

The US-based Committee to Protect Journalists, in its 2010 report has characterised Pakistan as the deadliest place on earth for journalists, with eight killed during performance of their professional duties so far this year, out of 42 killed world-wide,
Published 31 Mar, 2012 12:00am
IPO to assist in action against fake brands

IPO to assist in action against fake brands

Intellectual Property Organisation of Pakistan (IPO-Pakistan) will provide a platform in collaboration with IP enforcement authorities to curb the menace of manufacturing and sale of fake branded health related consumable products in the markets.
Published 31 Mar, 2012 12:00am
Nurses' problems: PML-F MPA deplores government's indifference

Nurses' problems: PML-F MPA deplores government's indifference

A lawmaker of Pakistan Muslim League-Functional (PML-F) while expressing solidarity with the protesting nurses, deplored the government's indifference towards the problems of medical workers. PML-F MPA, Nusrat Sehar Abbasi, visited the protest camp of the
Published 31 Mar, 2012 12:00am
'Punjab chief minister is working on an anti-dengue plan'

'Punjab chief minister is working on an anti-dengue plan'

Special Assistant to Chief Minister Punjab on Health Khawaja Salman Rafique has said that dengue free society is a guarantee of healthy nation and strong Pakistan. He said that the Chief Minister Punjab Muhammad Shahbaz Sharif besides utilising all availa
Published 31 Mar, 2012 12:00am
APMSPIDA seeks reduction in import duty

APMSPIDA seeks reduction in import duty

All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSPIDA) Vice-Chairman Nassir Mehboob on Friday urged the government to reduce import duty on spare parts in the next budget to curb its smuggling and mis-declaration. He said that at
Published 31 Mar, 2012 12:00am
Commerce secretary meets Islamabad traders

Commerce secretary meets Islamabad traders

The Federal Secretary Commerce, Zafar Mehmood visited Islamabad Chamber of Commerce and Industry to discuss trade related issues for promotion of local exports. Speaking on the occasion, Zafar Mehmood said that private sector is the engine of economic gro
Published 31 Mar, 2012 12:00am
Fighting with Taliban displaces over 100,000: UN

Fighting with Taliban displaces over 100,000: UN

Some 101,000 Pakistanis have become refugees inside their own country since January as they fled fighting between government forces and the Taliban in a region bordering Afghanistan, the UN refugee agency said Friday. Security forces started their offensi
Published 31 Mar, 2012 12:00am
Issuance of CNICs to Hindu women: Nadra asked to take redress complaints

Issuance of CNICs to Hindu women: Nadra asked to take redress complaints

While hearing a suo motu case regarding disparity in issuance of Computerised National Identity Cards (CNICs) to the Hindu women here on Friday, the Supreme Court directed the National Database and Registration Authority (Nadra) to take remedial measures
Published 31 Mar, 2012 12:00am
First half dutiable imports of paper/paper board decline

First half dutiable imports of paper/paper board decline

The dutiable imports of paper and paper board have declined during first half of 2011-12. The FBR quarterly report issued on Friday revealed that the customs duty is still one of the significant sources of collection of federal taxes. It constitutes 17.7%
Published 31 Mar, 2012 12:00am
Jewellery export up by 108.94 percent

Jewellery export up by 108.94 percent

The country's jewellery export grew by 108.94 per cent during the first eight months of current fiscal year (2011-12) as against the corresponding period of last year. The jewellery export during July-February (2011-12) was recorded at $511.994 million ag
Published 31 Mar, 2012 12:00am
Sales tax regime: first half refund payments fell by around 2.3 percent

Sales tax regime: first half refund payments fell by around 2.3 percent

The Federal Board of Revenue has said that the refund payments have declined by around 2.3 percent in the sales tax regime during the first half of 2011-12. According to the FBR quarterly report issued here on Friday, sales tax is the leading revenue gene
Published 31 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (March 30, 2012).

Published 31 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (March 30, 2012).

Published 31 Mar, 2012 12:00am
BoP posts Rs 347.973 million profit after tax

BoP posts Rs 347.973 million profit after tax

The Bank of Punjab (BoP) has posted Rs 347.973 million as profit after tax in the year ended December 31, 2011 as compared to after tax loss of Rs 4.029 billion in the year 2010 and Rs 10.1 billion in 2009. The board of directors of the bank in its meetin
Published 31 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (March 30, 2012).

Published 31 Mar, 2012 12:00am
BoP posts Rs 347.973 million profit after tax

BoP posts Rs 347.973 million profit after tax

The Bank of Punjab (BoP) has posted Rs 347.973 million as profit after tax in the year ended December 31, 2011 as compared to after tax loss of Rs 4.029 billion in the year 2010 and Rs 10.1 billion in 2009. The board of directors of the bank in its meetin
Published 31 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (March 30, 2012).

Published 31 Mar, 2012 12:00am