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Print - 2012-05-12
Petitions against Gilani: hearing adjourned till May 30

Petitions against Gilani: hearing adjourned till May 30

Chief Justice of Lahore High Court Sheikh Azmat Saeed deferred till May 30 the hearing of two identical petitions against Prime Minister Syed Yousaf Raza Gilani. The petitioners urged the court to restrain the respondent from holding the office of prime m
Published 12 May, 2012 12:00am
Legal fraternity to observe 'Black Day' today

Legal fraternity to observe 'Black Day' today

The legal fraternity will observe Black Day on Saturday (today) throughout the country to condemn killing of lawyers and others in Karachi on May 12, 2007, during the lawyers' movement. Pakistan Bar Council (PBC) and Supreme Court Bar Association (SCBA) g
Published 12 May, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 May, 2012 12:00am
AJK to produce 8,000 megawatts of electricity in four years

AJK to produce 8,000 megawatts of electricity in four years

Acting Prime Minister of Azad Jammu and Kashmir (AJK) Chaudhry Yasin has said that 8,000 megawatt electricity will be produced in Azad Kashmir in four years and provide to Pakistan. Talking to the media here at a "Meet the Press" programme at Lahore Press
Published 12 May, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 May, 2012 12:00am
Seminar to update existing Master Plan for Lahore

Seminar to update existing Master Plan for Lahore

A seminar for formulating recommendations to revise and update the existing Master Plan for Lahore 2012 will be held on Saturday (today). According to a Lahore Development Authority's spokesperson here on Thursday, elected representatives of the people, h
Published 12 May, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 12 May, 2012 12:00am
Several diseases to be diagnosed through neonatal screening programme

Several diseases to be diagnosed through neonatal screening programme

A programme of neonatal screening is being started for diagnosing diseases of new-born babies in the hospitals of Punjab so that they could be saved from the mental and physical disability through timely diagnosing and providing treatment to them and thei
Published 12 May, 2012 12:00am
Manufacturers of agriculture tools demand withdrawal of GST

Manufacturers of agriculture tools demand withdrawal of GST

The manufacturers of agriculture implements and machinery have appealed to the government to withdraw the 16 percent General Sales Tax (GST) on agriculture tools and machinery for the promotion of the industry and growth of agriculture sector.
Published 12 May, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 May, 2012 12:00am
Manufacturers of agriculture tools demand withdrawal of GST

Manufacturers of agriculture tools demand withdrawal of GST

The manufacturers of agriculture implements and machinery have appealed to the government to withdraw the 16 percent General Sales Tax (GST) on agriculture tools and machinery for the promotion of the industry and growth of agriculture sector.
Published 12 May, 2012 12:00am
Four children killed by mortar

Four children killed by mortar

Four young children were killed on Friday when a mortar slammed into their family's vehicle as they attempted to escape a military offensive, officials said. The chilren's aunt and mother were wounded in the incident in tribal district of Khyber, where th
Published 12 May, 2012 12:00am
Four children killed by mortar

Four children killed by mortar

Four young children were killed on Friday when a mortar slammed into their family's vehicle as they attempted to escape a military offensive, officials said. The chilren's aunt and mother were wounded in the incident in tribal district of Khyber, where th
Published 12 May, 2012 12:00am
No exemption available for income derived from criminal activity: SECP

No exemption available for income derived from criminal activity: SECP

The Securities and Exchange Commission of Pakistan (SECP) has announced that the exemption under provisions related to Capital Gain Tax (CGT) for the stock market investment is not available for income derived from a criminal activity under any other law
Published 12 May, 2012 12:00am
No exemption available for income derived from criminal activity: SECP

No exemption available for income derived from criminal activity: SECP

The Securities and Exchange Commission of Pakistan (SECP) has announced that the exemption under provisions related to Capital Gain Tax (CGT) for the stock market investment is not available for income derived from a criminal activity under any other law
Published 12 May, 2012 12:00am
No exemption available for income derived from criminal activity: SECP

No exemption available for income derived from criminal activity: SECP

The Securities and Exchange Commission of Pakistan (SECP) has announced that the exemption under provisions related to Capital Gain Tax (CGT) for the stock market investment is not available for income derived from a criminal activity under any other law
Published 12 May, 2012 12:00am
Flash flood kills 28 in Afghanistan

Flash flood kills 28 in Afghanistan

Flash floods swept through four villages in northern Afghanistan, killing 28 people and leaving 20 others missing, officials said Friday. "Heavy rains overnight triggered flood waters that broke through four mountainous villages in Ishkamish district of n
Published 12 May, 2012 12:00am
UN world food committee approves anti-land grab measures

UN world food committee approves anti-land grab measures

The United Nations'' Committee on World Food Security (CFS) on Friday adopted global guidelines on land tenure, including measures to prevent land grabs in developing countries by commercial investors - but the new rules are not binding. The committee, me
Published 12 May, 2012 12:00am
UN world food committee approves anti-land grab measures

UN world food committee approves anti-land grab measures

The United Nations' Committee on World Food Security (CFS) on Friday adopted global guidelines on land tenure, including measures to prevent land grabs in developing countries by commercial investors - but the new rules are not binding. The committee, mee
Published 12 May, 2012 12:00am
UN world food committee approves anti-land grab measures

UN world food committee approves anti-land grab measures

The United Nations' Committee on World Food Security (CFS) on Friday adopted global guidelines on land tenure, including measures to prevent land grabs in developing countries by commercial investors - but the new rules are not binding. The committee, mee
Published 12 May, 2012 12:00am
16-hour power loadshedding in last two weeks: PAC informed

16-hour power loadshedding in last two weeks: PAC informed

Ministry of Water and Power has admitted that the duration of loadshedding in last two weeks was up to 16 hours, but implementation of decision to reduce it will start from Friday. Imtiaz Hussain Kazi Secretary Ministry of Water and Power informed the Nat
Published 12 May, 2012 12:00am
16-hour power loadshedding in last two weeks: PAC informed

16-hour power loadshedding in last two weeks: PAC informed

Ministry of Water and Power has admitted that the duration of loadshedding in last two weeks was up to 16 hours, but implementation of decision to reduce it will start from Friday. Imtiaz Hussain Kazi Secretary Ministry of Water and Power informed the Nat
Published 12 May, 2012 12:00am
16-hour power loadshedding in last two weeks: PAC informed

16-hour power loadshedding in last two weeks: PAC informed

Ministry of Water and Power has admitted that the duration of loadshedding in last two weeks was up to 16 hours, but implementation of decision to reduce it will start from Friday. Imtiaz Hussain Kazi Secretary Ministry of Water and Power informed the Nat
Published 12 May, 2012 12:00am
IRSA stops filling Tarbela and Mangla dams

IRSA stops filling Tarbela and Mangla dams

The Indus River System Authority has stopped filling Tarbela and Mangla dams to divert all river flows in the irrigation canals for sowing the strategic Kharif crops including cotton, rice and sugar cane across the country. Punjab Irrigation engineers tol
Published 12 May, 2012 12:00am
IRSA stops filling Tarbela and Mangla dams

IRSA stops filling Tarbela and Mangla dams

The Indus River System Authority has stopped filling Tarbela and Mangla dams to divert all river flows in the irrigation canals for sowing the strategic Kharif crops including cotton, rice and sugar cane across the country. Punjab Irrigation engineers tol
Published 12 May, 2012 12:00am
IRSA stops filling Tarbela and Mangla dams

IRSA stops filling Tarbela and Mangla dams

The Indus River System Authority has stopped filling Tarbela and Mangla dams to divert all river flows in the irrigation canals for sowing the strategic Kharif crops including cotton, rice and sugar cane across the country. Punjab Irrigation engineers tol
Published 12 May, 2012 12:00am
Supreme Court asks FC IG to produce missing persons

Supreme Court asks FC IG to produce missing persons

The Supreme Court warned on Friday Inspector General Frontier Corps (IG FC) Balochistan of strict action if he failed to produce three missing Baloch before the court. At the outset of hearing, FC's Major Sohail informed a two-member apex court bench led
Published 12 May, 2012 12:00am
Supreme Court asks FC IG to produce missing persons

Supreme Court asks FC IG to produce missing persons

The Supreme Court warned on Friday Inspector General Frontier Corps (IG FC) Balochistan of strict action if he failed to produce three missing Baloch before the court. At the outset of hearing, FC's Major Sohail informed a two-member apex court bench led
Published 12 May, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (May 11, 2012).

Published 12 May, 2012 12:00am
Pakistan doesn't want to confine its relations to US: Prime Minister

Pakistan doesn't want to confine its relations to US: Prime Minister

Prime Minister Yousuf Raza Gilani has said that the Central Intelligence Agency (CIA) and the Inter-Services Intelligence (ISI) jointly achieved several high value targets linked to al Qaeda. In an interview with a British television on Friday, the Pakist
Published 12 May, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (May 11, 2012).

Published 12 May, 2012 12:00am
Pakistan doesn't want to confine its relations to US: Prime Minister

Pakistan doesn't want to confine its relations to US: Prime Minister

Prime Minister Yousuf Raza Gilani has said that the Central Intelligence Agency (CIA) and the Inter-Services Intelligence (ISI) jointly achieved several high value targets linked to al Qaeda. In an interview with a British television on Friday, the Pakist
Published 12 May, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (May 11, 2012).

Published 12 May, 2012 12:00am
Nato head urges Pakistan to open transit routes in time for summit

Nato head urges Pakistan to open transit routes in time for summit

Secretary General Anders Fogh Rasmussen suggested on Friday that Pakistan could miss out on important talks on the future of Afghanistan if it fails to reopen supply routes in time to secure a place at a Nato summit in Chicago on May 20-21.
Published 12 May, 2012 12:00am
Nato head urges Pakistan to open transit routes in time for summit

Nato head urges Pakistan to open transit routes in time for summit

Secretary General Anders Fogh Rasmussen suggested on Friday that Pakistan could miss out on important talks on the future of Afghanistan if it fails to reopen supply routes in time to secure a place at a Nato summit in Chicago on May 20-21.
Published 12 May, 2012 12:00am
Cabinet to mull reopening Nato supplies next week

Cabinet to mull reopening Nato supplies next week

Leaders will meet next week to discuss ending a nearly six-month blockade on Nato supplies into Afghanistan, officials said Friday. Tuesday's meeting will also debate how and whether to repair relations with the United States in time to attend a key NATO
Published 12 May, 2012 12:00am
Cabinet to mull reopening Nato supplies next week

Cabinet to mull reopening Nato supplies next week

Leaders will meet next week to discuss ending a nearly six-month blockade on Nato supplies into Afghanistan, officials said Friday. Tuesday's meeting will also debate how and whether to repair relations with the United States in time to attend a key NATO
Published 12 May, 2012 12:00am
Federal budget on June 1

Federal budget on June 1

The federal budget 2012-13 would be presented on June 1 instead of the earlier announced date of May 25, Standing Committee of the National Assembly on Finance was informed on Friday. The meeting of the Standing Committee was held at the Ministry of Finan
Published 12 May, 2012 12:00am
Federal budget on June 1

Federal budget on June 1

The federal budget 2012-13 would be presented on June 1 instead of the earlier announced date of May 25, Standing Committee of the National Assembly on Finance was informed on Friday. The meeting of the Standing Committee was held at the Ministry of Finan
Published 12 May, 2012 12:00am
Federal budget on June 1

Federal budget on June 1

The federal budget 2012-13 would be presented on June 1 instead of the earlier announced date of May 25, Standing Committee of the National Assembly on Finance was informed on Friday. The meeting of the Standing Committee was held at the Ministry of Finan
Published 12 May, 2012 12:00am
Zafar Abbas Lak appointed DG FIA

Zafar Abbas Lak appointed DG FIA

The government on Friday appointed Zafar Abbas Lak as Director General (DG), Federal Investigation Agency (FIA). Lak will replace the incumbent DG FIA, Javed Iqbal, who has reportedly refused to be part of the government campaign against Sharif brothers.
Published 12 May, 2012 12:00am
Zafar Abbas Lak appointed DG FIA

Zafar Abbas Lak appointed DG FIA

The government on Friday appointed Zafar Abbas Lak as Director General (DG), Federal Investigation Agency (FIA). Lak will replace the incumbent DG FIA, Javed Iqbal, who has reportedly refused to be part of the government campaign against Sharif brothers.
Published 12 May, 2012 12:00am
Liquidity problems: low recovery rate hitting power sector hard

Liquidity problems: low recovery rate hitting power sector hard

The Finance Ministry has attributed low recovery of billed amount, gap between notified and actual tariff and delay in passing on fuel price adjustment to consumers as major reasons for liquidity problems in the power sector. A top Finance Ministry offici
Published 12 May, 2012 12:00am
Liquidity problems: low recovery rate hitting power sector hard

Liquidity problems: low recovery rate hitting power sector hard

The Finance Ministry has attributed low recovery of billed amount, gap between notified and actual tariff and delay in passing on fuel price adjustment to consumers as major reasons for liquidity problems in the power sector. A top Finance Ministry offici
Published 12 May, 2012 12:00am
Liquidity problems: low recovery rate hitting power sector hard

Liquidity problems: low recovery rate hitting power sector hard

The Finance Ministry has attributed low recovery of billed amount, gap between notified and actual tariff and delay in passing on fuel price adjustment to consumers as major reasons for liquidity problems in the power sector. A top Finance Ministry offici
Published 12 May, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 11, 2012).

Published 12 May, 2012 12:00am
Law, order in Pakistan: Prime Minister seeks to ease security concerns

Law, order in Pakistan: Prime Minister seeks to ease security concerns

Prime Minister Syed Yousuf Raza Gilani Friday urged the British investors to focus on Pakistan and not to be overly concerned about the "exaggerated perception" about security situation in Pakistan. Addressing a businessmen reception, Prime Minister Gilan
Published 12 May, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 11, 2012).
Published 12 May, 2012 12:00am
Law, order in Pakistan: Prime Minister seeks to ease security concerns

Law, order in Pakistan: Prime Minister seeks to ease security concerns

Prime Minister Syed Yousuf Raza Gilani Friday urged the British investors to focus on Pakistan and not to be overly concerned about the "exaggerated perception" about security situation in Pakistan. Addressing a businessmen reception, Prime Minister Gilan
Published 12 May, 2012 12:00am
Law, order in Pakistan: Prime Minister seeks to ease security concerns

Law, order in Pakistan: Prime Minister seeks to ease security concerns

Prime Minister Syed Yousuf Raza Gilani Friday urged the British investors to focus on Pakistan and not to be overly concerned about the "exaggerated perception" about security situation in Pakistan. Addressing a businessmen reception, Prime Minister Gilan
Published 12 May, 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 (May 11, 2012).

Published 12 May, 2012 12:00am
Law, order in Pakistan: Prime Minister seeks to ease security concerns

Law, order in Pakistan: Prime Minister seeks to ease security concerns

Prime Minister Syed Yousuf Raza Gilani Friday urged the British investors to focus on Pakistan and not to be overly concerned about the "exaggerated perception" about security situation in Pakistan. Addressing a businessmen reception, Prime Minister Gilan
Published 12 May, 2012 12:00am