News Archives for Print - 2012-05-23

Print - 2012-05-23

Rotterdam vegetable oil prices

Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 23 May, 2012 12:00am

Wheat and soya rally

US wheat futures rose for the sixth day in a row on Monday, peaking at an 8-1/2 month high, as forecasts for a prolonged dry spell in key growing areas threatened to cut the size of this year's harvest, traders said. "We are seeing some people talk about

Published 23 May, 2012 12:00am

Palm oil rises

Malaysian palm oil futures edged up on Tuesday, as hopes grew that Europe would take steps to tackle its debt crisis, which has triggered a massive selloff in global financial markets. France's Francois Hollande will push a proposal for mutualising Europe

Published 23 May, 2012 12:00am

ICE sugar sinks to 21-month low

Raw sugar futures sank below the psychological level of 20 cents per lb on ICE Tuesday for the first time in 21 months as long liquidation triggered automatic sell orders, while US cocoa dropped to a three-week low. Robusta coffee futures turned higher an

Published 23 May, 2012 12:00am

Gold slips in New York

Gold prices slipped on Monday after early buying failed to lift prices past $1,600 an ounce, with investors still cautious about the precious metal as they awaited clearer signals on the euro-zone debt crisis. Last week, gold slid to its lowest level sinc

Published 23 May, 2012 12:00am

Gold down in Asia

Gold inched lower on Tuesday after failing to break above $1,600 an ounce, as investors await a European Union summit later in the week at which leaders will try to agree on action to solve the region's debt crisis. Spot gold inched down 0.3 percent to $1

Published 23 May, 2012 12:00am

Gold falls in Europe

Gold fell on Tuesday under the weight of a weaker euro, as investors bet against a meeting of European leaders this week doing much to tackle the region's debt crisis, while platinum shrugged off news of a fresh production outage in South Africa. The euro

Published 23 May, 2012 12:00am

US MIDDAY: corn drops

US corn and soyabean futures fell on Tuesday, with corn on pace for its biggest daily loss in four months, on pressure from forecasts for crop-boosting rain in the Midwest and talk of waning demand for US exports, traders said. Wheat also fell, breaking a

Published 23 May, 2012 12:00am

US MIDDAY: copper falls

Copper rose on Tuesday in London for a third straight session and was flat in New York, as reports that China will fast-track infrastructure investments encouraged investors to buy the industrial metal despite a firm dollar and uncertainty about Europe's

Published 23 May, 2012 12:00am

US MIDDAY: gold stays down

Gold remained under pressure trading below a near-term technical support level early on Tuesday due to a weaker euro, with investors betting against a meeting of European leaders this week doing much to tackle the region's debt crisis. Platinum tracked go

Published 23 May, 2012 12:00am

Long march: DPC reviews arrangements

An important meeting of Difa-e-Pakistan Council (DPC) regarding its 'long march' against the likely restoration of Nato supply routes, was held at Idara-e Noor-e-Haq on Tuesday, which was presided by Jamaat-e-Islami's Karachi Ameer Muhammad Hussain Mahent

Published 23 May, 2012 12:00am

Warid launches SIM Jagao Offer

Warid introduces a refreshing SIM Jagao Offer with more value than ever before. All those customers who have not used their Warid SIM since April 01 can start using it now to receive 1,000 free on-net minutes and 1,000 SMS without any additional charges.

Published 23 May, 2012 12:00am

UBL announces interim payout from funds

UBL Fund Managers announced an interim payout for the period-ended May 20, from its open-end investment schemes. The Company announced a payout of Rs 1.65 per units of par value Rs 100 from its money market scheme, UBL Liquidity Plus Fund (ULPF) which gav

Published 23 May, 2012 12:00am

Zardari's US visit an insult to entire nation: Imran

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Tuesday termed President Asif Ali Zardari's recent US visit insult of the whole nation as despite tremendous sacrifices rendered by Pakistan against terrorism, US President Barack Obama did not meet him o

Published 23 May, 2012 12:00am

ACCA launches 'My Experience' online system for students

The Association of Chartered Certified Accountants (ACCA) has launched a new online system for students to record their practical work experience gained in the accountancy and finance industries. The new system takes over from the Trainee Development Matr

Published 23 May, 2012 12:00am

KPT awards e-payments mandate to Barclays Bank

Karachi Port Trust (KPT) has awarded Electronic Payments mandate to Barclays Bank Pakistan for managing their monthly payments pertaining to royalty and wharfage of container terminals and shipping corporations through Barclays online banking platform. Th

Published 23 May, 2012 12:00am

MCCI against discrimination in taxable income to end corruption

All type of income should be taxed and there should be no discrimination in taxable income to end the corruption and to generate maximum revenue to put the country on the path of progress and prosperity. Multan Chamber of Commerce and Industry (MCCI) in i

Published 23 May, 2012 12:00am

Arysta LifeScience, Tarazona Spain ink distribution agreement

Arysta LifeScience Pakistan and Antonio Tarazona Spain have entered a distribution agreement through which Arysta LifeScience Pakistan will have access to Tarazona's fertiliser range from its manufacturing facility in Spain. Arysta LifeScience Pakistan is

Published 23 May, 2012 12:00am

Partly Facetious: Zardari offers no quarter

"Ah there was certainly a difference." "You mean what happened to President Zardari in Chicago where he could not get a one on one with President Obama which is why his son reportedly did not join him but merely went on a two-day visit to New York?"

Published 23 May, 2012 12:00am

Khyber Pakhtunkhwa approves 250 posts of subject teachers

Chief Minister, Khyber Pakhtunkhwa, Ameer Haider Khan Hoti, has approved in principle the creation of 250 posts of subject specialists for government higher secondary schools in the province. Out of these, 150 posts will be for Urdu and 100 for Pashto sub

Published 23 May, 2012 12:00am

Ministry intensifies efforts towards getting toll plazas vacated

Frontier Works Organisation (FWO) will continue occupation of 31 toll plazas on motorways following the demand of government to pay $5000 as tariff per Nato/Isaf truck. Cash starved Ministry of Communication has intensified its efforts to get vacated 31 t

Published 23 May, 2012 12:00am

Yasin Shar SESSI Vice Commissioner

Muhammad Yasin Shar has taken charge as the Vice Commissioner of Sindh Employees' Social Security Institution (SESSI). An announcement of the institution here on Tuesday said that Nishat Zaidi has assumed the additional charge of Director Public Relations

Published 23 May, 2012 12:00am

PADP to reflect economic stability in Khyber Pakhtunkhwa: Hoti

Chief Minister Khyber Pakhtunkhwa, Amir Haider Khan Hoti has said that upcoming provincial Annual Developmental Programme (ADP) for the year 2012-13 will be compatible to the needs of the people and will reflect stability of economy of the province. He sa

Published 23 May, 2012 12:00am

PTA urges IT Ministry to help speed up work towards auction for 3-G licenses

Pakistan Telecommunication Authority (PTA) has requested the Ministry of Information Technology to convene a meeting focused on finding a way forward for auction of 3-G licenses, informed sources revealed to Business Recorder. The absence of a clea

Published 23 May, 2012 12:00am

Construction work inside US embassy: petitioner moves Supreme Court

A petitioner on Tuesday urged the Supreme Court to order the concerned authorities to halt construction of a huge building and secret bunkers in the premises of the US Embassy in Islamabad.

Published 23 May, 2012 12:00am

LHC seeks reply from ministry in harassment case

The Lahore High Court here on Tuesday sought reply from Interior Ministry by June 8 in a petition of a trader Mehtab and others against Pakistani authorities for harassing them after India media declared them terrorists. Petitioner Mehtab, Atif (traders)

Published 23 May, 2012 12:00am

Khyber Pakhtunkhwa governor for raising education standards: first Convocation of WMC held

Khyber Pakhtunkhwa Governor, Barrister Masood Kausar has said that the socio-economic indicators are considered the basic barometers to determine the quality of life which the citizens of any society may enjoy across the world and being the developing nat

Published 23 May, 2012 12:00am

Curbing disrespect of holy personalities: introduction, implementation of special laws stressed

Special laws should be made at international level for curbing disrespect of holy personalities, religious customs as well as defaming famous holy persons. Members of the Standing Committee on Law and Justice and Human Rights have expressed these views du

Published 23 May, 2012 12:00am

Collective wisdom to restore biodiversity urged

Khyber Pakhtunkhwa Minister for Environment Wajid Ali Khan has said that biodiversity plays an important and basic role in maintaining the eco-system which is essential for both human beings and other living things. He was addressing a function in connect

Published 23 May, 2012 12:00am

PAC to discuss Sharif brothers' cases today

The National Assmbly's Public Accounts Committee (PAC) will discuss references filed by Interior Minister Rehman Malilk against the Sharif brothers on money laundering on Wednesday (today). Chairman PAC Nadeem Afzal Gondal said that he had received 2-3 re

Published 23 May, 2012 12:00am

Power shortfall again crosses 6000 megawatts mark

The power distribution companies (DISCOs) are being protected by police against possible attack by angry consumers, as power shortfall has crossed 6000MW in the country again. According to the well-placed sources, heavy contingent of police have been depl

Published 23 May, 2012 12:00am

IPL tamasha

As the IPL tamasha goes on we can look forward to the real baseball World Series Final in cricket garb to be held, at a venue, the BCCI will decide upon, after they get their heads together. I wonder what Bradman and Hutton think about the dugouts flesh s

Published 23 May, 2012 12:00am

The legacy they leave behind?

In the chequered history of Pakistan, in the arena of politics, influence and rule over the State, there are many personalities, nay, characters, who have played key roles in the running of the country, either as political heads of the government or milit

Published 23 May, 2012 12:00am

Nuclear deterrence

'Democrats always assure us that deterrence will work, but when the time comes to deter, they're against it' Nuclear weapons are believed to be used as a 'political tool' rather than as a 'strategic weapon' to be used in wars. It is widely accepted that d

Published 23 May, 2012 12:00am

Spirit of forgiveness prevails as ship's captain faces court

Nearly nine months after a 37,210-ton container ship ran onto a New Zealand reef, spilling tons of oil and cargo in the country's worst environmental disaster, there is a spirit of forgiveness in the area. The desire for vengeance, which prevailed when th

Published 23 May, 2012 12:00am

Guess the country

"If you really put a small value on yourself, rest assured the world will not raise your price", unknown but wise author; we as a nation can perhaps learn a lot from him. The continuous jejune self-bashing, in the name of news expose, has reached fatal pr

Published 23 May, 2012 12:00am

Nato summit

On the face of it, the Pakistan-US stand-off over the question of reopening the Nato supply route persists. Neither the Nato summit's final communiqué nor the optics made available publicly during the two-day conference betray any sign of a breakthrough.

Published 23 May, 2012 12:00am

Turkey as a role model

The visit of the Turkish Prime Minister, Recep Tayyip Erdogan, coincided with a period wherein, the gulf between the Pakistan's government and the opposition has dangerously widened, and is compounding the complexities Pakistan already confronts because o

Published 23 May, 2012 12:00am

Over 1617.900 metric tons of wheat purchased in Sialkot district

As many as 1617.900 metric tons of wheat had so far been purchased at nine wheat centers functioning in Pasrur, Daska, Sambrial and Sialkot tehsils of Sialkot district. The process of wheat purchase is in full swing at nine wheat purchase centres of Sialk

Published 23 May, 2012 12:00am

RAK FTZ seeks to attract investment from Pakistan

Ras Al Khaimah Free Trade Zone (RAK FTZ), one of the fastest-growing and most cost-effective free trade zones in the United Arab Emirates (UAE), has attracted foreign investment worth $300 million and is now home to some 5,000 active firms from 106 countr

Published 23 May, 2012 12:00am

Dengue awareness event held

The Social Welfare Department in collaboration with the Patient Welfare Society arranged a dengue awareness event at Sir Ganga Ram Hospital on Tuesday. Speaking on the occasion, Director General Social Welfare Punjab, Malik Muhammad Aslam, said, "An all-o

Published 23 May, 2012 12:00am

ASI beaten up by lawyers in LHC premises

Policeman ASI Khalid was allegedly beaten up by some lawyers in the Lahore High Court premises. The victim came to the High Court from Gujranwala and appeared before the court of Justice Anwarul Haq in connection with a habeas corpus petition. Advocates R

Published 23 May, 2012 12:00am

Structural changes needed in agriculture sector to boost production, exports: stakeholders

Pakistan could multiply, several times; exports of fruits and vegetable by introducing structural changes in agriculture sector. Australia is an outstanding example, which by maximising the flow of benefits from investments in irrigation projects, exporte

Published 23 May, 2012 12:00am

KFHA approves Employees (Service Rules) 2012

The Board of Directors of Karachi Fisheries Harbour Authority (KFHA) on Tuesday approved the Employees (Service Rules) 2012, Method of Recruitment and Organisational Chart of the authority, harbour officials said. The Board also took a number of decisions

Published 23 May, 2012 12:00am

PSO to maximize product upliftment

As part of the new vision, the Pakistan State Oil (PSO) has embarked on a mission to strengthen the petroleum products' supply line by maximising fuel upliftment from local refineries and local fuel oil blenders, according to a press release issued here o

Published 23 May, 2012 12:00am

PHMA terms FBR audit notices unjust

"It seems that the FBR has lot of time to waste which is evident from the notices for requisition of the record under Section 25 of the Sales Tax Act 1990 demanding such records from our member exporters despite the fact that audits of our member exporter

Published 23 May, 2012 12:00am

Shahbaz condemns Karachi violence

Punjab Chief Minister, Muhammad Shahbaz Sharif, on Tuesday strongly condemned the incidents of violence in Karachi. He expressed deep sense of grief and sorrow over the loss of precious lives in the incidents.

Published 23 May, 2012 12:00am

Shahbaz welcomes Turk lawmakers

Turkey has been playing an important role in the development of Punjab and Ankara has always extended invaluable co-operation, Punjab Chief Minister Shahbaz Sharif said on Tuesday. He was talking to a five-member delegation of Turk parliamentarians led by

Published 23 May, 2012 12:00am

PEW sceptical about deal between NAB and KSE

The Pakistan Economy Watch (PEW) on Tuesday expressed scepticism about deal between National Accountability Bureau (NAB) and Karachi Stock Exchange (KSE) to bring rogue brokers to book. This is a showy misrepresentation intended to conceal unpleasant real

Published 23 May, 2012 12:00am

Kheili appointed APML chief organiser

All Pakistan Muslim League (APML), Chief Organiser, Mian Zahid Sarfraz, has appointed Sardar Ghulam Mustafa Khas Kheili, as party Chief Organiser Sindh. The appointment of Sardar Ghulam Mustafa has been made on the directions of party head Pervez Musharra

Published 23 May, 2012 12:00am

Funds for Thar project: LHC issues notice to government

The Lahore High Court on Tuesday issued notice to federal government, for October 10, in a petition seeking directions, to reserve funds for Thar coal project in the coming budget. A bar member, Chaudhry Maqsood Gujjar, contended in his petition that Paki

Published 23 May, 2012 12:00am

Kidnapped trader recovered; four held

The capital police have rounded up a gang of kidnappers and recovered an abducted businessman safely from their custody. He was kidnapped in the limits of Kohsar Police Station on May 9.

Published 23 May, 2012 12:00am

Penal surcharge waived off

The Federal Board of Revenue (FBR) has provided relief to the business community by extending the warehousing period and waiving off the penal surcharge on overstayed goods, lying un-cleared in the customs bonded warehouses. In this connection, the FBR ha

Published 23 May, 2012 12:00am

PML-N sets up business wing for overseas Pakistanis

Pakistan Muslim League-Nawaz (PML-N) President and former Prime Minister Muhammad Nawaz Sharif has established a dedicated wing within PML-N for Pakistanis living abroad.

Published 23 May, 2012 12:00am

Recovery drive against government departments urged to save power companies

Business Forum of Punjab (BFP) President Ibrahim Qureshi has said the government should launch a recovery drive from different departments to save the power generation companies from liquidity crunch, as the issue of circular debt would not be resolved ev

Published 23 May, 2012 12:00am

LCCI concerned over sharp decline in FDI

The Lahore Chamber of Commerce and Industry (LCCI) on Tuesday expressed grave concern over sharp decline in foreign invest that fell sharply by 926.6 million dollars, or 66.5 percent, to 466.5 million dollars during July-March 2011-12 as compared to 1.393

Published 23 May, 2012 12:00am

Tobacco use kills 100,000 every year: experts

Tobacco-related diseases killed as many as 100,000 people every year and nearly 1,200 children start smoking every day in Pakistan because of government inaction, health experts agreed on Tuesday. They were addressing a seminar on the 'Role of Media for A

Published 23 May, 2012 12:00am

FPCCI team meets Chairman of Council of Saudi Chambers

FPCCI delegation led by Haji Fazal Kadir Khan Sherani, President FPCCI meets the Council of Saudi Chambers and Riyadh Chamber of Commerce. A high-ranking delegation of Pakistan's leading businessmen under the leadership of President FPCCI called on the Ch

Published 23 May, 2012 12:00am

KCCI makes proposals: Sindh government officials meet today

A meeting is schedule to be held at Finance Department Sindh on Wednesday (today) to discuss tax anomalies and also to consider the incorporating budget proposals. The officials of Finance department, Excise and Taxation, Sindh Board of Revenue (SRB) will

Published 23 May, 2012 12:00am

KCCI makes proposals: Sindh government officials meet today

Published 23 May, 2012 12:00am

Violence in Karachi causes huge losses

A fresh spell of violence that erupted on Tuesday evening, turned the city into chaos forcing the markets in key business areas to close early. Traders estimated losses worth at least Rs 1.5 billion due to early closure of markets in the old city areas, e

Published 23 May, 2012 12:00am

Pakistan suffered Rs 100 billion losses due to Nato supplies, PAC told

Chairman, National Highway Authority (NHA), Muhammad Ali Gardezi, on Tuesday told the Pubic Accounts Committee (PAC) that Pakistan had suffered Rs 100 billion loss due to Nato supplies to Afghanistan via Pakistan but not a single penny was paid to it for

Published 23 May, 2012 12:00am

Abbottabad Commission's meeting held

The meeting of the Inquiry Commission on Abbottabad Operation was held here on Tuesday in the Cabinet Division under the Chairmanship of former Supreme Court judge and President of the Commission Javed Iqbal which was also attended by Abbas Khan, fromer I

Published 23 May, 2012 12:00am

Rs 1.5 billion FED not yet transferred to Sindh

Despite repeated promises, the Federal Finance Ministry has not transferred Rs 1.5 billion to Sindh government collected by the Federal Board of Revenue (FBR) in the head of Federal Excise Duty (FED) from the province. Well-placed sources in Sindh Revenue

Published 23 May, 2012 12:00am

Qureshi criticises government for failure at Chicago Summit

Pakistan Tehreek-e-Insaf (PTI) Vice Chairman, Shah Mehmood Qureshi said that the government has failed to fight Pakistan's case at the Chicago Summit; in fact "we have been humiliated at the summit". He was addressing a press conference here on Tuesday, a

Published 23 May, 2012 12:00am

Escape attempt foiled

North Cantonment police personnel foiled an escape attempt of a fraud case accused Abdul Majid after the Lahore High Court dismissed his bail petition. A criminal case against Abdul Majid registered on charges of misappropriating Rs 700,000. The accused a

Published 23 May, 2012 12:00am

PhD degree conferred on Turkish Prime Minister

Turkish Prime Minister Recep Tayyip Erdogan on Tuesday was conferred honorary degree of Doctor of Philosophy in International Relations from the Quaid-e-Azam University. Acting President Nayyer Hussain Bokhari conferred the honorary PhD degree upon the Tu

Published 23 May, 2012 12:00am

Chinese diplomat calls on Kundi

Deputy Chief of Mission of the Chinese Embassy Huang Xilan called on Faisal Karim Kundi, Deputy Speaker National Assembly at Parliament House on Tuesday. Talking to Deputy Chief of Mission Kundi said that Pakistan and China were friends of all weathers an

Published 23 May, 2012 12:00am

Afzal Mohsin, Aamir Latif elected KUJ (D) President, Secretary

Syed Afzal Mohsin and Aamir Latif elected unopposed as President and Secretary of Karachi Union of Journalists (Dastoori) for 2012-13 session here on Tuesday. According to Election Commissioner Atta Mohammad Tabbasum, two vice presidents, Tariq Aslam and

Published 23 May, 2012 12:00am

Exhibition

A painting exhibition of special children opened at the Sir Syed University of Engineering and Technology (SSUET) on Tuesday. The Chancellor of the SSUET, Z.A. Nizami, performed the inauguration of the event, says a statement of the institution here on Tu

Published 23 May, 2012 12:00am

HSC part-II papers postponed

The Board of Intermediate and Secondary Education (BISE) Hyderabad has postponed the papers of all groups of Higher Secondary Certificate Part-II, scheduled for May 23. The Deputy Controller BISE Hyderabad Dr Masroor Ahmed Zai announced here on Tuesday ev

Published 23 May, 2012 12:00am

HSC papers for May 23 put off

The Board of Intermediate Education Karachi (BIEK) has put off the HSC Annual Exams' papers scheduled for May 23. This was announced by Chairman of the BIEK, Professor Anwar Ahmed Zai, on Tuesday. He further stated that these papers would now be conducted

Published 23 May, 2012 12:00am

Mainly dry weather forecast in Khyber Pakhtunkhwa

The Metrological Department on Tuesday forecast mainly dry weather in most areas of Khyber Pakhtunkhwa. According to Met office, dry weather is expected in most parts of the province however, isolated rain/thunderstorm may occur in Malakand, Hazara, Pesha

Published 23 May, 2012 12:00am

PEL likely to show profit in second quarter

Pakistan Electron Limited (PEL) is likely to witness a turnaround in its financial growth in second quarter of the current year. PEL Managing Director, Haroon A. Khan revealed this while speaking at the corporate briefing programme at the Lahore Stock Exc

Published 23 May, 2012 12:00am

Irsa diverts Indus river flows to Sindh

Indus River System Authority (IRSA) has diverted all water supplies of Indus and Kabul rivers towards Sindh province and raised its share from 50,000 cusecs to 70,000 against Punjab's share of 3,000 cusecs only, senior Punjab Irrigation officials told

Published 23 May, 2012 12:00am

'Rashid Qureshi not leaving APML'

Centeral Information Secretary of All Pakistan Muslim League (APML) Asia Ishaq has categorically refuted the rumours that Rashid Qureshi is leaving the party. In a statement issued on Tuesday from the central party secretariat she said that Rashid Qureshi
Published 23 May, 2012 12:00am

Pakistan heading towards severe water shortage: Mumtaz

Engr Mumtaz Ahmed Khan, Chairman of Kalabagh dam movement has said that Pakistan has right to oppose Indian dam projects besides opposing Kishanganga project because its diversion will reduce more than 20 percent of the power generation capacity of the 97
Published 23 May, 2012 12:00am

Workshop on occupational safety, health training organised

National University of Sciences and Technology conducted an international workshop on Occupational Safety and Health Training for Owners, Constructors, Consultants and Administrators on the other day to introduce safety culture and management. Member Impl
Published 23 May, 2012 12:00am

Non-stop energy supply improves textile exports: APTMA

Textile exports improved by 10 percent in April this year against March exports with just one directive of President Asif Ali Zardari for uninterrupted energy supply to the industry, Chairman of All Pakistan Textile Mills Association (APTMA) Mohsin Aziz.
Published 23 May, 2012 12:00am

All Parties Wahgha Conference: farmers to highlight India's water aggression

Pakistan Muttahida Kisan Mahaz (PMKM) has announced to convene an All Parties Wahgha Conference to highlight the Indian water aggression against Pakistan, the government's failure in resolving prevailing power crisis and delay in setting up hydel and Thar
Published 23 May, 2012 12:00am

Sindh Governor for enhancing regional trade

Governor Sindh, Dr Ishrat-ul-Ebad Khan has called for enhancing the regional trade. He was talking to a delegation from the Ukraine at the Governor House here on Tuesday. The Governor was of the view that Pakistan is focusing on the regional trade. He fur
Published 23 May, 2012 12:00am

Ukraine offers to establish 'Trading Houses' in Pakistan

The government of Ukraine has offered to establish 'Trading Houses' in Pakistan to encourage bilateral trade between the two countries. The high-powered Ukrainian delegation led by Ahmad Nawaz Saleem Mela, ambassador of Pakistan to Ukraine and Volodymyr L
Published 23 May, 2012 12:00am

World's largest private label trade fair: 20 Pakistani exporters participate in training session

Twenty exporters from Pakistan participated in a training session organised in Amsterdam by Centre for Promotion of Imports from Developing Countries CBI Netherlands and Commercial Wing Embassy of Pakistan The Hague. The participants represented the 10 fo
Published 23 May, 2012 12:00am

Obama must tender apology: Bilawal

US President Barack Obama should "show some courage" and apologise to Pakistan for a cross-border air strike by Nato forces in Afghanistan that killed 24 Pakistani soldiers last year, PPP chairman Bilawal Bhutto Zardari has said.
Published 23 May, 2012 12:00am

PakGulf, MCR sign accord for opening of Pizza Hut

An agreement was signed between PakGulf Construction Pvt Limited and MCR Pvt Limited for the opening of Pizza Hut at the Centaurus Mall. The signing ceremony took place at the Centaurus' sales and marketing suite, here in Islamabad.
Published 23 May, 2012 12:00am

Two mega ICT projects in Sindh under execution: minister

Information Technology Department of Sindh is undertaking two multibillion-rupee mega IT projects, Arfa Karim IT City and Geoghraphical Information System (GIS) for Sindh to promote and develop ICT infrastructure in the province.
Published 23 May, 2012 12:00am

Speaker underlines mangroves' importance for coastal ecosystem balance

Speakers at the seminar on 'Coastal and Marine Wealth of Pakistan' highlighted the significance of mangroves in balancing coastal ecosystem, saying that land reclamation through cutting of mangroves and dumping of untreated sewerage waste are major threat
Published 23 May, 2012 12:00am

Erdogan leaves for Turkey

Turkish Prime Minister Recep Tayyip Erdogan left here on Tuesday night for Turkey after his three-day official visit to Pakistan at the invitation of Prime Minister Syed Yousuf Raza Gilani for wide-ranging talks. He was seen off by Federal Minister for Ca
Published 23 May, 2012 12:00am

The Weather

The weather report on Tuesday (May 22, 2012) and the forecast for Wednesday (May 23, 2012).

Published 23 May, 2012 12:00am

Chief minister decides for judicial inquiry into Karachi violence

Sindh Chief Minister Syed Qaim Ali Shah has decided that an inquiry into the incident of firing at a rally and other acts of violence in the city will be conducted through a judge of the Sindh High Court. The Chief Minister has also convened a meeting on
Published 23 May, 2012 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 22, 2012).

Published 23 May, 2012 12:00am

Sindh chief minister condemns killings

Sindh Chief Minister, Syed Qaim Ali Shah while taking serious notice of firing on "Love Sindh Rally" has condemned the incident. He has directed the IG Police Sindh and DG Rangers Sindh and other law enforcing agencies to take strict action against the cr
Published 23 May, 2012 12:00am

LME official prices

The following were Monday official prices.

Published 23 May, 2012 12:00am

MQM condemns killing of innocent persons

The Co-ordination Committee of Muttahida Qaumi Movement (MQM) has strongly condemned the killing of innocent people, including women and children, by the firing of armed terrorists on the pretext of a rally here on Tuesday. The committee condemned the tor
Published 23 May, 2012 12:00am

LME official prices

The following were Monday official prices.

Published 23 May, 2012 12:00am

Rs 82 billion PPTFCs to resolve circular debt problem

The Economic Co-ordination Committee (ECC) of the Cabinet has reportedly approved Private Placed Term Finance Certificates (PPTFCs) worth Rs 82 billion to resolve the problem of circular debt, but it is yet to be decided whether CCPA or Power Holding Comp
Published 23 May, 2012 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 22, 2012).

Published 23 May, 2012 12:00am

Pakistan International Airlines

Introduction: With the government of Pakistan holding its majority shares, Pakistan International Airlines Corporation is the national carrier. The airline operates on both domestic and international routes, through a range of advanced aircraft fro
Published 23 May, 2012 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 22, 2012).

Published 23 May, 2012 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Nov 29

278.13

USD PKR Interbank Buying / Nov 29

278.03

USD to Japanese Yen / Nov 29

150.14

USD to Swiss Franc / Nov 29

0.88

Pound Sterling to USD / Nov 29

1.27

Euro to USD / Nov 29

1.06

Stock Volume

S&P 500 / Nov 28

5,998.74

Nasdaq / Nov 28

19,060.48

FTSE 100 / Nov 28

8,281.22

Dow Jones / Nov 28

44,722.06

Germany DAX 30 / Nov 28

19,425.73

France CAC40 / Nov 28

7,179.25

India Sensex / Nov 29

19,338.14

Tokyo Nikkei / Nov 29

38,198.52

Item Value

Karachi Cotton PKR/37.32 KG / Nov 28

17,685

Gold 10 Grams PKR / Nov 28

241,602.20

Petrol/Litre / Nov 29

248.38

Crude Oil USD/Barrel / Nov 29

69.08

Gold Spot USD/Ounce / Nov 29

2,666.09

Diesel/Litre / Nov 29

255.14

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 29

786 Investments Limited(786)

6.74

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 29

Al-Abbas Sugar Mills Limited(AABS)

619.90

▼ 0.00 (0.00%)

Agro Allianz / Nov 29

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 29

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 29

Ali Asghar Textile Mills Limited(AATM)

70

▼ 0.00 (0.00%)

Allied Bank / Nov 29

Allied Bank Limited(ABL)

139.74

▼ 0.00 (0.00%)

Abbott Lab. / Nov 29

Abbott Laboratories (Pakistan) Limited(ABOT)

1,021.33

▼ 0.00 (0.00%)

Abson Ind. / Nov 29

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 29

Alfalah Consumer Index ETF.(ACIETF)

12.66

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 29

786 Investments Limited(786)

6.74

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 29

Al-Abbas Sugar Mills Limited(AABS)

619.90

▲ 0.00 (0.00%)

Agro Allianz / Nov 29

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 29

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 29

Ali Asghar Textile Mills Limited(AATM)

70

▲ 0.00 (0.00%)

Allied Bank / Nov 29

Allied Bank Limited(ABL)

139.74

▲ 0.00 (0.00%)

Abbott Lab. / Nov 29

Abbott Laboratories (Pakistan) Limited(ABOT)

1,021.33

▲ 0.00 (0.00%)

Abson Ind. / Nov 29

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 29

Alfalah Consumer Index ETF.(ACIETF)

12.66

▲ 0.00 (0.00%)

Stock Volume

B.O.Punjab / Nov 29

The Bank of Punjab(BOP)

179,225,089

▲ 0.00

K-Electric Ltd. / Nov 29

K-Electric Limited(KEL)

64,868,271

▲ 0.00

Bank Makramah / Nov 29

Bank Makramah Limited(BML)

60,297,878

▲ 0.00

Pace (Pak) Ltd. / Nov 29

Pace (Pakistan) Limited(PACE)

55,350,909

▲ 0.00

Hascol Petrol / Nov 29

Hascol Petroleum Limited(HASCOL)

42,730,290

▲ 0.00

Fauji Foods Ltd / Nov 29

Fauji Foods Limited(FFL)

38,903,524

▲ 0.00

Sui South Gas / Nov 29

Sui Southern Gas Company Limited(SSGC)

36,014,321

▲ 0.00

Cnergyico PK / Nov 29

Cnergyico PK Limited(CNERGY)

33,477,996

▲ 0.00

WorldCall Telecom / Nov 29

Worldcall Telecom Limited(WTL)

31,208,624

▲ 0.00

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Currency	Rate
USD PKR Interbank Selling / Nov 29	278.13
USD PKR Interbank Buying / Nov 29	278.03
USD to Japanese Yen / Nov 29	150.14
USD to Swiss Franc / Nov 29	0.88
Pound Sterling to USD / Nov 29	1.27
Euro to USD / Nov 29	1.06

Stock	Volume
S&P 500 / Nov 28	5,998.74
Nasdaq / Nov 28	19,060.48
FTSE 100 / Nov 28	8,281.22
Dow Jones / Nov 28	44,722.06
Germany DAX 30 / Nov 28	19,425.73
France CAC40 / Nov 28	7,179.25
India Sensex / Nov 29	19,338.14
Tokyo Nikkei / Nov 29	38,198.52

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 28	17,685
Gold 10 Grams PKR / Nov 28	241,602.20
Petrol/Litre / Nov 29	248.38
Crude Oil USD/Barrel / Nov 29	69.08
Gold Spot USD/Ounce / Nov 29	2,666.09
Diesel/Litre / Nov 29	255.14

Stock	Price
786 Invest Ltd / Nov 29 786 Investments Limited(786)	6.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 29 Al-Abbas Sugar Mills Limited(AABS)	619.90 ▼ 0.00 (0.00%)
Agro Allianz / Nov 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 29 Ali Asghar Textile Mills Limited(AATM)	70 ▼ 0.00 (0.00%)
Allied Bank / Nov 29 Allied Bank Limited(ABL)	139.74 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 29 Abbott Laboratories (Pakistan) Limited(ABOT)	1,021.33 ▼ 0.00 (0.00%)
Abson Ind. / Nov 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 29 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 29 786 Investments Limited(786)	6.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 29 Al-Abbas Sugar Mills Limited(AABS)	619.90 ▲ 0.00 (0.00%)
Agro Allianz / Nov 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 29 Ali Asghar Textile Mills Limited(AATM)	70 ▲ 0.00 (0.00%)
Allied Bank / Nov 29 Allied Bank Limited(ABL)	139.74 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 29 Abbott Laboratories (Pakistan) Limited(ABOT)	1,021.33 ▲ 0.00 (0.00%)
Abson Ind. / Nov 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 29 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 29 The Bank of Punjab(BOP)	179,225,089 ▲ 0.00
K-Electric Ltd. / Nov 29 K-Electric Limited(KEL)	64,868,271 ▲ 0.00
Bank Makramah / Nov 29 Bank Makramah Limited(BML)	60,297,878 ▲ 0.00
Pace (Pak) Ltd. / Nov 29 Pace (Pakistan) Limited(PACE)	55,350,909 ▲ 0.00
Hascol Petrol / Nov 29 Hascol Petroleum Limited(HASCOL)	42,730,290 ▲ 0.00
Fauji Foods Ltd / Nov 29 Fauji Foods Limited(FFL)	38,903,524 ▲ 0.00
Sui South Gas / Nov 29 Sui Southern Gas Company Limited(SSGC)	36,014,321 ▲ 0.00
Cnergyico PK / Nov 29 Cnergyico PK Limited(CNERGY)	33,477,996 ▲ 0.00
WorldCall Telecom / Nov 29 Worldcall Telecom Limited(WTL)	31,208,624 ▲ 0.00