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Print - 2012-04-19
Osama family's deportation delayed

Osama family's deportation delayed

The deportation of Osama bin Laden's family from Pakistan to Saudi Arabia was delayed on Wednesday as their passports were not ready. On Tuesday, the family completed its 45 days sentence for illegally entering and residing in Pakistan. The three widows a
Published 19 Apr, 2012 12:00am
Top officials arrested in post-coup Mali, premier named

Top officials arrested in post-coup Mali, premier named

Armed men have rounded up top Malian officials including two presidential hopefuls, in a show of force by a junta that seized power last month, as the interim leader named a Microsoft executive as prime minister.
Published 19 Apr, 2012 12:00am
Suu Kyi to leave Myanmar for first time in 24 years

Suu Kyi to leave Myanmar for first time in 24 years

Myanmar opposition leader Aung San Suu Kyi plans to travel to Britain and Norway in June on her first trip abroad in 24 years, her party spokesman said Wednesday. The 66-year-old democracy icon has not left Myanmar for more than two decades because of fea
Published 19 Apr, 2012 12:00am
Russian charged by US in $1 million hacking scheme

Russian charged by US in $1 million hacking scheme

A Russian national living in New York has been charged in connection with hacking into customer brokerage accounts and stealing $1 million, officials said. The Justice Department said charges filed Tuesday named Petr Murmylyuk, also known as Dmitry Tokar,
Published 19 Apr, 2012 12:00am
Swiss government freezes more Iranian assets

Swiss government freezes more Iranian assets

The Swiss government has extended its financial sanctions against Iran by freezing the assets of 11 more companies and people but decided not to take any action against Tehran's central bank, officials said Wednesday.
Published 19 Apr, 2012 12:00am
Homs shelled as Syria demands 'neutral' UN mission

Homs shelled as Syria demands 'neutral' UN mission

Syria challenged the United Nations chief over the size and scope of a UN truce monitoring mission on Wednesday, resisting a larger presence as its army shelled targets in the city of Homs in violation of the cease-fire.
Published 19 Apr, 2012 12:00am
Cuba calls on Latin American to close ranks against US

Cuba calls on Latin American to close ranks against US

Cuba called Wednesday on Latin America and the Caribbean to close ranks against US efforts to sow divisions over America's only communist-ruled country. The Cuban statement was the regime's first official reaction to a US rebuff of Latin American efforts
Published 19 Apr, 2012 12:00am
Scientists allow 'paralysed' monkey hand to pick up ball

Scientists allow 'paralysed' monkey hand to pick up ball

Scientists using brain electrode implants managed to get lab monkeys to use their paralysed hands to pick up a ball, an encouraging result for people with spinal injuries, they said on Wednesday. Monkeys with electrodes implanted in their brains and arms
Published 19 Apr, 2012 12:00am
US court limits suits under torture victim law

US court limits suits under torture victim law

The Supreme Court ruled unanimously Wednesday that organisations may not be sued for claims they aided in torture or killings abroad under a US law aimed at helping torture victims.
Published 19 Apr, 2012 12:00am
Photos show US troops posing with Afghan remains

Photos show US troops posing with Afghan remains

The White House and Nato on Wednesday condemned grisly photographs showing US soldiers with the mangled remains of suspected Taliban suicide bombers in Afghanistan. White House spokesman Jay Carney said the photos were "reprehensible" but also said the ad
Published 19 Apr, 2012 12:00am
North Korea threatens retaliation; nuclear test expected

North Korea threatens retaliation; nuclear test expected

A bristling North Korea said on Wednesday it was ready to retaliate in the face of international condemnation over its failed rocket launch, increasing the likelihood the hermit state will push ahead with a third nuclear test.
Published 19 Apr, 2012 12:00am
Britain releases secret files from end of empire

Britain releases secret files from end of empire

Britain released thousands of classified colonial-era files Wednesday, including one that names Barack Obama's father and another that warns of "anti-white" Kenyans studying in the United States.
Published 19 Apr, 2012 12:00am
The Weather

The Weather

The weather report on Wednesday (April 18, 2012) and the forecast for Thursday (April 19, 2012).

Published 19 Apr, 2012 12:00am
US Internet advertising hit record $31 billion

US Internet advertising hit record $31 billion

Internet advertising revenues in the United States jumped 22 percent in 2011 to a record $31 billion, amid sizzling growth in the fledgling mobile Web space, industry figures showed Wednesday.
Published 19 Apr, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 18, 2012).

Published 19 Apr, 2012 12:00am
Fresh spate of violence in city claims 14 lives

Fresh spate of violence in city claims 14 lives

The fresh spate of violence in the city claimed some fourteen lives during last 24 hours while many others were injured, rescue officials and police sources said. In the wee hours of Wednesday, two tortured bodies were found near Karachi Medical and Denta
Published 19 Apr, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 18, 2012).

Published 19 Apr, 2012 12:00am
Rectification of errors: traders can make changes in CPR-ST: FBR

Rectification of errors: traders can make changes in CPR-ST: FBR

The Federal Board of Revenue has issued a detailed procedure to facilitate the business community by allowing them to make changes in the computerised payment receipt (CPR) of sales tax and rectify errors during sales tax payments at banks.
Published 19 Apr, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 19 Apr, 2012 12:00am
Sindh can't hold LGs elections in near future: Durani

Sindh can't hold LGs elections in near future: Durani

Provincial Minister for Local Governments Agha Siraj Durani on Wednesday said that Sindh government was unable to hold local governments' elections in near future due to various reasons. This he stated while addressing a press conference at Pakistan Peopl
Published 19 Apr, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 19 Apr, 2012 12:00am
SECP admonishes FABL

SECP admonishes FABL

The Securities and Exchange Commission of Pakistan (SECP) has issued prohibitory order (no penalty) and warned the Faysal Bank Limited (FABL) against entering into trade transactions in such patterns and manners that constitute to portray its better finan
Published 19 Apr, 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 (April 18, 2012).

Published 19 Apr, 2012 12:00am
Crescent Textile Mills Limited

Crescent Textile Mills Limited

INTRODUCTION: Established in May, 1950 under the Companies Ordinance 1984, Crescent Textile Mills Limited is a public limited company, with its head office in Lahore. It started its export operations to the US, Europe, the Middle East and Japan in
Published 19 Apr, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 18, 2012).

Published 19 Apr, 2012 12:00am
Crescent Textile Mills Limited

Crescent Textile Mills Limited

INTRODUCTION: Established in May, 1950 under the Companies Ordinance 1984, Crescent Textile Mills Limited is a public limited company, with its head office in Lahore. It started its export operations to the US, Europe, the Middle East and Japan in
Published 19 Apr, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (April 18, 2012) and for Thursday (April 19, 2012).
Published 19 Apr, 2012 12:00am
India defers long-range missile test launch

India defers long-range missile test launch

India on Wednesday postponed the test-launch of its first long-range missile capable of reaching deep into China and as far as Europe due to bad weather, a government official said. The launch of the Agni V, which can carry nuclear warheads and has a rang
Published 19 Apr, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 18, 2012).

Published 19 Apr, 2012 12:00am
India defers long-range missile test launch

India defers long-range missile test launch

India on Wednesday postponed the test-launch of its first long-range missile capable of reaching deep into China and as far as Europe due to bad weather, a government official said. The launch of the Agni V, which can carry nuclear warheads and has a rang
Published 19 Apr, 2012 12:00am
Prime Minister asks son to return home for investigations

Prime Minister asks son to return home for investigations

Prime Minister Syed Yousuf Raza Gilani Wednesday asked Ali Musa Gilani, MNA to cut short his visit abroad and return to Pakistan to join investigations, the Prime Minister House said. The Prime Minister's son Ali Musa Gilani is in South Africa for his hon
Published 19 Apr, 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 (April 18, 2012).

Published 19 Apr, 2012 12:00am
Prime Minister asks son to return home for investigations

Prime Minister asks son to return home for investigations

Prime Minister Syed Yousuf Raza Gilani Wednesday asked Ali Musa Gilani, MNA to cut short his visit abroad and return to Pakistan to join investigations, the Prime Minister House said. The Prime Minister's son Ali Musa Gilani is in South Africa for his hon
Published 19 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 18, 2012).

Published 19 Apr, 2012 12:00am
TCP plans to import 0.3 million tons of urea

TCP plans to import 0.3 million tons of urea

Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, the state run grain trader has planned to import 0.3 million tons of urea next month for Kharif season. Sources told Business Recorder on Wednesday the ECC has g
Published 19 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 18, 2012).

Published 19 Apr, 2012 12:00am
TCP plans to import 0.3 million tons of urea

TCP plans to import 0.3 million tons of urea

Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, the state run grain trader has planned to import 0.3 million tons of urea next month for Kharif season. Sources told Business Recorder on Wednesday the ECC has g
Published 19 Apr, 2012 12:00am
TCP plans to import 0.3 million tons of urea

TCP plans to import 0.3 million tons of urea

Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, the state run grain trader has planned to import 0.3 million tons of urea next month for Kharif season. Sources told Business Recorder on Wednesday the ECC has g
Published 19 Apr, 2012 12:00am
CA balance registers $142 million surplus in March

CA balance registers $142 million surplus in March

The country''s current account balance became positive, registering a surplus of $142 million in March 2012 mainly due to rise in foreign inflows. However, the cumulative current account deficit still stands at $3.089 billion during first nine months of c
Published 19 Apr, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Firmness prevailed on the currency market on Wednesday as the rupee retained its overnight levels in terms of the dollar during the session, dealers said.
Published 19 Apr, 2012 12:00am
CA balance registers $142 million surplus in March

CA balance registers $142 million surplus in March

The country's current account balance became positive, registering a surplus of $142 million in March 2012 mainly due to rise in foreign inflows. However, the cumulative current account deficit still stands at $3.089 billion during first nine months of cu
Published 19 Apr, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Firmness prevailed on the currency market on Wednesday as the rupee retained its overnight levels in terms of the dollar during the session, dealers said.
Published 19 Apr, 2012 12:00am
CA balance registers $142 million surplus in March

CA balance registers $142 million surplus in March

The country's current account balance became positive, registering a surplus of $142 million in March 2012 mainly due to rise in foreign inflows. However, the cumulative current account deficit still stands at $3.089 billion during first nine months of cu
Published 19 Apr, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (April 18, 2012).

Published 19 Apr, 2012 12:00am
Babar Awan: contempt charges to be framed

Babar Awan: contempt charges to be framed

The Supreme Court on Wednesday turned down an unconditional apology rendered by former law minister Babar Awan for allegedly ridiculing its orders. The court told his counsel that he could speak on the issue in relation to an unconditional apology once co
Published 19 Apr, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (April 18, 2012).

Published 19 Apr, 2012 12:00am
Babar Awan: contempt charges to be framed

Babar Awan: contempt charges to be framed

The Supreme Court on Wednesday turned down an unconditional apology rendered by former law minister Babar Awan for allegedly ridiculing its orders. The court told his counsel that he could speak on the issue in relation to an unconditional apology once co
Published 19 Apr, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (April 18, 2012).

Published 19 Apr, 2012 12:00am
US faces big tax, budget test at year end: Geithner

US faces big tax, budget test at year end: Geithner

The US government will face a major test on whether it has the capacity to govern when it has to deal with big tax and budget decisions at the end of the year, US Treasury Secretary Timothy Geithner said on Wednesday.
Published 19 Apr, 2012 12:00am
US faces big tax, budget test at year end: Geithner

US faces big tax, budget test at year end: Geithner

The US government will face a major test on whether it has the capacity to govern when it has to deal with big tax and budget decisions at the end of the year, US Treasury Secretary Timothy Geithner said on Wednesday.
Published 19 Apr, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (April 18, 2012).

Published 19 Apr, 2012 12:00am
US faces big tax, budget test at year end: Geithner

US faces big tax, budget test at year end: Geithner

The US government will face a major test on whether it has the capacity to govern when it has to deal with big tax and budget decisions at the end of the year, US Treasury Secretary Timothy Geithner said on Wednesday.
Published 19 Apr, 2012 12:00am
Irregular appointments: OGDCL asked to provide full record

Irregular appointments: OGDCL asked to provide full record

A parliamentary panel on Wednesday directed the ministry of petroleum and the management of the Oil and Gas Development Company Limited (OGDCL) to provide the entire record of irregular appointments made over the past 17 years.
Published 19 Apr, 2012 12:00am
Irregular appointments: OGDCL asked to provide full record

Irregular appointments: OGDCL asked to provide full record

A parliamentary panel on Wednesday directed the ministry of petroleum and the management of the Oil and Gas Development Company Limited (OGDCL) to provide the entire record of irregular appointments made over the past 17 years.
Published 19 Apr, 2012 12:00am
Irregular appointments: OGDCL asked to provide full record

Irregular appointments: OGDCL asked to provide full record

A parliamentary panel on Wednesday directed the ministry of petroleum and the management of the Oil and Gas Development Company Limited (OGDCL) to provide the entire record of irregular appointments made over the past 17 years.
Published 19 Apr, 2012 12:00am
West aims to agree on Afghan financing in May: Nato chief

West aims to agree on Afghan financing in May: Nato chief

Nato should be able to nail down plans next month on the size and cost of Afghan security forces needed after most foreign troops leave in 2014, the alliance's chief said on Wednesday at a meeting where Washington pressed allies to commit funds.
Published 19 Apr, 2012 12:00am
West aims to agree on Afghan financing in May: Nato chief

West aims to agree on Afghan financing in May: Nato chief

Nato should be able to nail down plans next month on the size and cost of Afghan security forces needed after most foreign troops leave in 2014, the alliance's chief said on Wednesday at a meeting where Washington pressed allies to commit funds.
Published 19 Apr, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Apr, 2012 12:00am
Conversion cases: girls' parents criticise Supreme Court's role

Conversion cases: girls' parents criticise Supreme Court's role

They made up their minds and they finally left the Supreme Court premises with their husbands following apex court's directives that they are the masters of their own fate. The three Hindu girls - Rinkle Kumari, Dr Lata and Asha Kumari - had earlier been
Published 19 Apr, 2012 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 19 Apr, 2012 12:00am
Conversion cases: girls' parents criticise Supreme Court's role

Conversion cases: girls' parents criticise Supreme Court's role

They made up their minds and they finally left the Supreme Court premises with their husbands following apex court's directives that they are the masters of their own fate. The three Hindu girls - Rinkle Kumari, Dr Lata and Asha Kumari - had earlier been
Published 19 Apr, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Apr, 2012 12:00am
Siachen conflict: Kayani calls for talks with India

Siachen conflict: Kayani calls for talks with India

Pakistan called for negotiations with rival nuclear power India over a disputed Himalayan glacier on Wednesday, an apparent softening in attitude toward a neighbour with which it has fought three wars since 1947. Army chief General Ashfaq Parvez Kayani al
Published 19 Apr, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Apr, 2012 12:00am
Siachen conflict: Kayani calls for talks with India

Siachen conflict: Kayani calls for talks with India

Pakistan called for negotiations with rival nuclear power India over a disputed Himalayan glacier on Wednesday, an apparent softening in attitude toward a neighbour with which it has fought three wars since 1947. Army chief General Ashfaq Parvez Kayani al
Published 19 Apr, 2012 12:00am
President visits Gayari

President visits Gayari

President Asif Ali Zardari on Wednesday visited the Gayari sector of Siachen glacier to express solidarity with the Pakistan Army trying to reach out to the 138 trapped soldiers hit by an avalanche. President Zardari accompanied by Interior Minister Rehma
Published 19 Apr, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Apr, 2012 12:00am
President visits Gayari

President visits Gayari

President Asif Ali Zardari on Wednesday visited the Gayari sector of Siachen glacier to express solidarity with the Pakistan Army trying to reach out to the 138 trapped soldiers hit by an avalanche. President Zardari accompanied by Interior Minister Rehma
Published 19 Apr, 2012 12:00am
BRIndex30 up by 216.4 points

BRIndex30 up by 216.4 points

On Wednesday, BRIndex30 opened at 10,202.17 and remained positive throughout the trading session. It touched an intraday high of 10,443.41 and an intraday low of 10,257.97 and closed at 10,418.57 which was 216.4 points or 2.12 percent higher than previous
Published 19 Apr, 2012 12:00am
BRIndex30 up by 216.4 points

BRIndex30 up by 216.4 points

On Wednesday, BRIndex30 opened at 10,202.17 and remained positive throughout the trading session. It touched an intraday high of 10,443.41 and an intraday low of 10,257.97 and closed at 10,418.57 which was 216.4 points or 2.12 percent higher than previous
Published 19 Apr, 2012 12:00am
Index surges 173.73 points

Index surges 173.73 points

A bullish trend was witnessed on the Karachi share market on Wednesday on the back of local investors and institutions support and the benchmark KSE-100 index surged by 173.73 points to close at 13,937.95 points.
Published 19 Apr, 2012 12:00am
Index surges 173.73 points

Index surges 173.73 points

A bullish trend was witnessed on the Karachi share market on Wednesday on the back of local investors and institutions support and the benchmark KSE-100 index surged by 173.73 points to close at 13,937.95 points.
Published 19 Apr, 2012 12:00am
Index surges 173.73 points

Index surges 173.73 points

A bullish trend was witnessed on the Karachi share market on Wednesday on the back of local investors and institutions support and the benchmark KSE-100 index surged by 173.73 points to close at 13,937.95 points.
Published 19 Apr, 2012 12:00am
President enjoys immunity when he's abroad: Supreme Court

President enjoys immunity when he's abroad: Supreme Court

The Supreme Court on Wednesday maintained that civil and criminal proceedings against a head of state or a diplomat could not be initiated only when he is on a tour abroad. Aitzaz Ahsan was advancing his arguments before a seven-member special bench heade
Published 19 Apr, 2012 12:00am
President enjoys immunity when he's abroad: Supreme Court

President enjoys immunity when he's abroad: Supreme Court

The Supreme Court on Wednesday maintained that civil and criminal proceedings against a head of state or a diplomat could not be initiated only when he is on a tour abroad. Aitzaz Ahsan was advancing his arguments before a seven-member special bench heade
Published 19 Apr, 2012 12:00am
Pepco stands dissolved

Pepco stands dissolved

Pakistan Electric Power Company (Pepco) has been dissolved on Wednesday. However, formal notification to this effect will be issued on Thursday or Friday (tomorrow), official sources told Business Recorder.
Published 19 Apr, 2012 12:00am
Pepco stands dissolved

Pepco stands dissolved

Pakistan Electric Power Company (Pepco) has been dissolved on Wednesday. However, formal notification to this effect will be issued on Thursday or Friday (tomorrow), official sources told Business Recorder.
Published 19 Apr, 2012 12:00am