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Print - 2012-05-18
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 17, 2012).

Published 18 May, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 17, 2012).

Published 18 May, 2012 12:00am
Musharraf seeks to set up APML offices across country

Musharraf seeks to set up APML offices across country

All Pakistan Muslim League (APML) has started making necessary preparations for active participation in the general elections in the country. The APML head Pervez Musharraf has asked the party leaders to complete the reorganisation work of the APML as ear
Published 18 May, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 18 May, 2012 12:00am
PTI condemns increase in electricity tariff

PTI condemns increase in electricity tariff

Pakistan Tahreek-e-Insaf (PTI) Vice-Chairman Shah Mehmood Qureshi on Thursday condemned the recent increase in electricity price and demanded that the government should immediately retract its decision. He also warned the government not to force the party
Published 18 May, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 18 May, 2012 12:00am
KESC removes over 2,000 illegal connections

KESC removes over 2,000 illegal connections

Karachi Electric Supply Company in line with its stringent anti-theft drive successfully removed more than 2,000 illegal connections in an operation conducted in Saddam Chowk, Baldia Town area. A big number of security personnel from KESC police and local
Published 18 May, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 17, 2012).

Published 18 May, 2012 12:00am
Programme to be initiated to promote research in Persian language

Programme to be initiated to promote research in Persian language

Academic Linkage programme would be initiated between University of Sindh and University of Tehran to promote research in Persian language. This was agreed in a meeting between Acting Vice Chancellor University of Sindh Professor Dr Parveen Shah and Direc
Published 18 May, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (May 17, 2012) and for Friday (May 18, 2012).
Published 18 May, 2012 12:00am
PTI appoints convenors in Punjab, Khyber Pakhtunkhwa

PTI appoints convenors in Punjab, Khyber Pakhtunkhwa

Pakistan Tehreek-e-Insaf (PTI) on Thursday has appointed convenors in Punjab and Khyber Pakhtunkhwa (KP). According to a PTI's spokesperson, until party elections after the membership drive, all the existing PTI organisations in Punjab and KP have been re
Published 18 May, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 17, 2012).

Published 18 May, 2012 12:00am
Government committed to development of IT sector: minister

Government committed to development of IT sector: minister

Federal Minister for Information Technology (IT) & Telecom, Raja Pervez Ashraf on Thursday said the government is committed to the development of information and communication technologies (ICT), infrastructure and applications for the provision of qualit
Published 18 May, 2012 12:00am
'Southern Punjab' province will create more jobs: Khawaja Rizwan

'Southern Punjab' province will create more jobs: Khawaja Rizwan

Creation of Southern Punjab province will not only create more jobs but also boost agriculture industry. This was stated by Prime Minister's Media Co-ordinator, Khawaja Rizwan Aalam while talking to various political personalities hailing from Southern Pu
Published 18 May, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (May 17, 2012).

Published 18 May, 2012 12:00am
Dastgir, Kashmala brawl over extension in service issue

Dastgir, Kashmala brawl over extension in service issue

Chairman National Assembly's Standing Committee on Commerce, Khurram Dastgir and Kashmala Tariq, an articulate MNA from Pakistan Muslim League Likeminded, Thursday brawled over a three extensions to Principal School of Fashion Design, Lahore, Ms Hinna Tay
Published 18 May, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 17, 2012).

Published 18 May, 2012 12:00am
Budget 2012-13: traders, others to get special incentives, says Hafeez

Budget 2012-13: traders, others to get special incentives, says Hafeez

Finance Minister Dr Abdul Hafeez Sheikh Thursday said business community and masses will be given special incentives to maintain economic stability in budget for 2012-13. Speaking at a pre-budget seminar, Sheikh rejected the rumours of presenting a 'speci
Published 18 May, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 17, 2012).

Published 18 May, 2012 12:00am
Budget 2012-13: traders, others to get special incentives, says Hafeez

Budget 2012-13: traders, others to get special incentives, says Hafeez

Finance Minister Dr Abdul Hafeez Sheikh Thursday said business community and masses will be given special incentives to maintain economic stability in budget for 2012-13. Speaking at a pre-budget seminar, Sheikh rejected the rumours of presenting a 'speci
Published 18 May, 2012 12:00am
LHC quashes abduction case against husband after wife's statement

LHC quashes abduction case against husband after wife's statement

The Lahore High Court here on Thursday allowed the wife to go with her husband Amir Sohail as abduction case against him was quashed in light of woman's statement. Abida, a resident of Hafizabad, contracted marriage with Amir Sohail against the wishes of
Published 18 May, 2012 12:00am
NAB distributes Rs 32.2 million among `Double Shah' scam victims

NAB distributes Rs 32.2 million among `Double Shah' scam victims

The Punjab National Accountability Bureau (NAB) on Thursday distributed Rs 32.2 million among 250 victims of Tasawar Hussain Gilani involved in `Double Shah' scam. NAB Director General Khurshid Anwar Bhindar distributed cheques in a ceremony held here.
Published 18 May, 2012 12:00am
THE RUPEE: dollar at Rs 92 in open market

THE RUPEE: dollar at Rs 92 in open market

The rupee breached the barrier of 92 versus dollar in the open market on Thursday in process of strong demand for the US currency, experts said. The rupee posted fresh gains of six paisa in terms of dollar for buying at 90.84 and picked up five paisa for
Published 18 May, 2012 12:00am
Christian couple acquitted in blasphemy case

Christian couple acquitted in blasphemy case

The Lahore High Court on Thursday acquitted a Christian couple in a blasphemy case and set aside their sentence of life imprisonment. According to the details Mustafa Abad police of Kasur in 2008 had registered a case against Munir Masih and Ruqqaya Bibi
Published 18 May, 2012 12:00am
THE RUPEE: dollar at Rs 92 in open market

THE RUPEE: dollar at Rs 92 in open market

The rupee breached the barrier of 92 versus dollar in the open market on Thursday in process of strong demand for the US currency, experts said. The rupee posted fresh gains of six paisa in terms of dollar for buying at 90.84 and picked up five paisa for
Published 18 May, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (May 17, 2012).

Published 18 May, 2012 12:00am
Dr Asim chairs meeting on Draft Low BTU Gas Pricing Policy 2012

Dr Asim chairs meeting on Draft Low BTU Gas Pricing Policy 2012

Minister for Petroleum & Natural Resources Dr Asim Hussain chaired a meeting on Draft Low BTU Gas Pricing Policy 2012, here in Islamabad on Thursday. Representatives of provisional governments including Sindh, Balochistan and KPK attended the meeting alon
Published 18 May, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (May 17, 2012).

Published 18 May, 2012 12:00am
BoP scam: Punjab government asked to shift Afzal to hospital

BoP scam: Punjab government asked to shift Afzal to hospital

Adjourning the hearing of Rs 9 billion Bank of Punjab loan scam on Thursday, the Supreme Court directed the Punjab government to shift the owner of Haris Steel Mills Sheikh Afzal from jail to Services Hospital Lahore because of his multiple health problem
Published 18 May, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (May 17, 2012).

Published 18 May, 2012 12:00am
Bomb hoax delays PIA flight

Bomb hoax delays PIA flight

A bomb hoax on Thursday delayed Dubai-bound flight of Pakistan International Airlines (PIA) by over five hours. According to PIA's spokesperson, PK-203 was set to depart from Allama Iqbal International Airport, Lahore at 11:22 pm, when a phone call warned
Published 18 May, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (May 17, 2012).

Published 18 May, 2012 12:00am
Bomb hoax delays PIA flight

Bomb hoax delays PIA flight

A bomb hoax on Thursday delayed Dubai-bound flight of Pakistan International Airlines (PIA) by over five hours. According to PIA's spokesperson, PK-203 was set to depart from Allama Iqbal International Airport, Lahore at 11:22 pm, when a phone call warned
Published 18 May, 2012 12:00am
Midair collision of two PAF planes kills four

Midair collision of two PAF planes kills four

Two training aircraft belonging to the Pakistan Air Force collided in midair Thursday, killing two pilots and two co-pilots, military and police officials said. Wreckage fell onto a compound, injuring nine civilians, police official Ishaq Khan said by tel
Published 18 May, 2012 12:00am
Midair collision of two PAF planes kills four

Midair collision of two PAF planes kills four

Two training aircraft belonging to the Pakistan Air Force collided in midair Thursday, killing two pilots and two co-pilots, military and police officials said. Wreckage fell onto a compound, injuring nine civilians, police official Ishaq Khan said by tel
Published 18 May, 2012 12:00am
Spanish recession bites, may be prolonged

Spanish recession bites, may be prolonged

Spain officially slipped in to recession in the first quarter, final figures confirmed on Thursday, leaving the country threatened with a prolonged slump as the turmoil-wracked euro zone struggles to balance austerity with growth. In the first quarter, th
Published 18 May, 2012 12:00am
Spanish recession bites, may be prolonged

Spanish recession bites, may be prolonged

Spain officially slipped in to recession in the first quarter, final figures confirmed on Thursday, leaving the country threatened with a prolonged slump as the turmoil-wracked euro zone struggles to balance austerity with growth. In the first quarter, th
Published 18 May, 2012 12:00am
Spanish recession bites, may be prolonged

Spanish recession bites, may be prolonged

Spain officially slipped in to recession in the first quarter, final figures confirmed on Thursday, leaving the country threatened with a prolonged slump as the turmoil-wracked euro zone struggles to balance austerity with growth. In the first quarter, th
Published 18 May, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 May, 2012 12:00am
Early completion of CASA-1000 Project: Pakistan signs protocol

Early completion of CASA-1000 Project: Pakistan signs protocol

A meeting of the Inter-Governmental Council (IGC) for CASA-1000 Project was held at Dubai on May 16-17. It was attended by the Ministers of Energy of four member countries - Afghanistan, Kyrgyzstan, Pakistan and Tajikistan, says a news release received he
Published 18 May, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 May, 2012 12:00am
Early completion of CASA-1000 Project: Pakistan signs protocol

Early completion of CASA-1000 Project: Pakistan signs protocol

A meeting of the Inter-Governmental Council (IGC) for CASA-1000 Project was held at Dubai on May 16-17. It was attended by the Ministers of Energy of four member countries - Afghanistan, Kyrgyzstan, Pakistan and Tajikistan, says a news release received he
Published 18 May, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 18 May, 2012 12:00am
Early completion of CASA-1000 Project: Pakistan signs protocol

Early completion of CASA-1000 Project: Pakistan signs protocol

A meeting of the Inter-Governmental Council (IGC) for CASA-1000 Project was held at Dubai on May 16-17. It was attended by the Ministers of Energy of four member countries - Afghanistan, Kyrgyzstan, Pakistan and Tajikistan, says a news release received he
Published 18 May, 2012 12:00am
Minorities' rights: no need for fresh legislation: Supreme Court

Minorities' rights: no need for fresh legislation: Supreme Court

While disposing of Pakistan Hindu Council's petition on Thursday, the Supreme Court (SC) said that in the presence of Article 20 of the Constitution there was no need for special legislation to protect minorities' rights. A three-member bench of the apex
Published 18 May, 2012 12:00am
Minorities' rights: no need for fresh legislation: Supreme Court

Minorities' rights: no need for fresh legislation: Supreme Court

While disposing of Pakistan Hindu Council's petition on Thursday, the Supreme Court (SC) said that in the presence of Article 20 of the Constitution there was no need for special legislation to protect minorities' rights. A three-member bench of the apex
Published 18 May, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 May, 2012 12:00am
Registration of case against Gabol ordered

Registration of case against Gabol ordered

A local court on Thursday ordered the registration of a murder case against Pakistan People's Party (PPP) leader Nabil Gabol and in-charge of the Lyari operation, Senior Superintendent of Police (SSP) Crime Investigation Department (CID) SSP Aslam Chaudhr
Published 18 May, 2012 12:00am
Registration of case against Gabol ordered

Registration of case against Gabol ordered

A local court on Thursday ordered the registration of a murder case against Pakistan People's Party (PPP) leader Nabil Gabol and in-charge of the Lyari operation, Senior Superintendent of Police (SSP) Crime Investigation Department (CID) SSP Aslam Chaudhr
Published 18 May, 2012 12:00am
Nato's rush for exit risks Afghan collapse

Nato's rush for exit risks Afghan collapse

Nato's rush to get out of a "quagmire" in Afghanistan risks the collapse of the state and strategic failure for the Western alliance in its decade-long war, a former EU adviser has warned. "The intervention veered from 'too little too late' in its crucial
Published 18 May, 2012 12:00am
Nato's rush for exit risks Afghan collapse

Nato's rush for exit risks Afghan collapse

Nato's rush to get out of a "quagmire" in Afghanistan risks the collapse of the state and strategic failure for the Western alliance in its decade-long war, a former EU adviser has warned. "The intervention veered from 'too little too late' in its crucial
Published 18 May, 2012 12:00am
New French government hands itself 30 percent pay cut

New French government hands itself 30 percent pay cut

French leader Francois Hollande''s new Socialist government got down to work on Thursday with the first order of business a symbolic 30 percent pay cut for the president and ministers. Following the cabinet''s inaugural meeting, spokeswoman Najat Vallaud-
Published 18 May, 2012 12:00am
New French government hands itself 30 percent pay cut

New French government hands itself 30 percent pay cut

French leader Francois Hollande's new Socialist government got down to work on Thursday with the first order of business a symbolic 30 percent pay cut for the president and ministers. Following the cabinet's inaugural meeting, spokeswoman Najat Vallaud-Be
Published 18 May, 2012 12:00am
New French government hands itself 30 percent pay cut

New French government hands itself 30 percent pay cut

French leader Francois Hollande's new Socialist government got down to work on Thursday with the first order of business a symbolic 30 percent pay cut for the president and ministers. Following the cabinet's inaugural meeting, spokeswoman Najat Vallaud-Be
Published 18 May, 2012 12:00am
FBR refuses to withdraw Section 8A of Sales Tax Act, 1990

FBR refuses to withdraw Section 8A of Sales Tax Act, 1990

Chairman Federal Board of Revenue (FBR) Mumtaz Haider Rizvi has categorically said on Thursday that the FBR would not withdraw section 8A (joint and several liability of registered persons in supply chain where tax is unpaid) of the Sales Tax Act, 1990 in
Published 18 May, 2012 12:00am
FBR refuses to withdraw Section 8A of Sales Tax Act, 1990

FBR refuses to withdraw Section 8A of Sales Tax Act, 1990

Chairman Federal Board of Revenue (FBR) Mumtaz Haider Rizvi has categorically said on Thursday that the FBR would not withdraw section 8A (joint and several liability of registered persons in supply chain where tax is unpaid) of the Sales Tax Act, 1990 in
Published 18 May, 2012 12:00am
FBR refuses to withdraw Section 8A of Sales Tax Act, 1990

FBR refuses to withdraw Section 8A of Sales Tax Act, 1990

Chairman Federal Board of Revenue (FBR) Mumtaz Haider Rizvi has categorically said on Thursday that the FBR would not withdraw section 8A (joint and several liability of registered persons in supply chain where tax is unpaid) of the Sales Tax Act, 1990 in
Published 18 May, 2012 12:00am
Supreme Court indicts Babar Awan in contempt case

Supreme Court indicts Babar Awan in contempt case

A two-member bench of the Supreme Court on Thursday indicted former law minister Babar Awan on charges of contempt of court. The bench comprising Justice Aijaz Afzal and Justice Athar Saeed observed that the former minister had committed contempt by utter
Published 18 May, 2012 12:00am
Supreme Court indicts Babar Awan in contempt case

Supreme Court indicts Babar Awan in contempt case

A two-member bench of the Supreme Court on Thursday indicted former law minister Babar Awan on charges of contempt of court. The bench comprising Justice Aijaz Afzal and Justice Athar Saeed observed that the former minister had committed contempt by utter
Published 18 May, 2012 12:00am
ISE index dips 17.28 points

ISE index dips 17.28 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 17.28 points as the ISE Ten Index moved from 2, 814.97 to 2,797.69
Published 18 May, 2012 12:00am
ISE index dips 17.28 points

ISE index dips 17.28 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 17.28 points as the ISE Ten Index moved from 2, 814.97 to 2,797.69
Published 18 May, 2012 12:00am
LSE index gains 15.46 points

LSE index gains 15.46 points

Equities on Thursday moved both ways on the Lahore Stock Exchange and finally ended in positive zone amid descending transaction volume on account of volatile situation that forced the investors to adopt cautious approach. The LSE-25 index gained 15.46 po
Published 18 May, 2012 12:00am
LSE index gains 15.46 points

LSE index gains 15.46 points

Equities on Thursday moved both ways on the Lahore Stock Exchange and finally ended in positive zone amid descending transaction volume on account of volatile situation that forced the investors to adopt cautious approach. The LSE-25 index gained 15.46 po
Published 18 May, 2012 12:00am
Indian cabinet clears Turkmenistan gas deal

Indian cabinet clears Turkmenistan gas deal

The Indian government has approved a deal to buy natural gas from Turkmenistan via a $7.6 billion pipeline passing through Afghanistan and Pakistan, reports said on Thursday. The cabinet approved the signing of the Gas Sale and Purchase Agreement as well
Published 18 May, 2012 12:00am