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Print - 2012-06-19
Zardari to attend SPIEF in Russia

Zardari to attend SPIEF in Russia

President Asif Ali Zardari will pay a three-day official visit to Russia from June 20-22 to participate in the Saint Petersburg International Economic Forum (SPIEF). President Zardari will join other world leaders in the Russian historic city of St. Peter
Published 19 Jun, 2012 12:00am
FIA takes Fauzia Wahab's medical records into custody

FIA takes Fauzia Wahab's medical records into custody

The Federal Investigation Agency (FIA) on the directives of interior ministry took medical records of PPP MNA late Fauzia Wahab into custody from OMI hospital, where she died during treatment. Talking to Business Recorder, Assistant Director FIA Abbas Bal
Published 19 Jun, 2012 12:00am
The Weather

The Weather

The weather report on Monday (June 18, 2012) and the forecast for Tuesday (June 19, 2012).

Published 19 Jun, 2012 12:00am
Bullion Rates

Bullion Rates

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

Published 19 Jun, 2012 12:00am
Citi in Pakistan

Citi in Pakistan

An Interview with Nadeem Lodhi, Citi Country Officer, Pakistan on the occasion of Citi's 200 year celebrations 1. Have you always been a part of the financial services industry? Can you tell us about your global career in banking?
Published 19 Jun, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 19 Jun, 2012 12:00am
Nishat Mills Private Limited

Nishat Mills Private Limited

The flagship company of the Nishat Group, Nishat Mills Limited is one of the largest vertically integrated textile companies in Pakistan. In 2011, the firm completed 50 years of being listed on the Karachi Stock Exchange, and has been a force to be reckon
Published 19 Jun, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 19 Jun, 2012 12:00am
Nishat Mills Private Limited

Nishat Mills Private Limited

The flagship company of the Nishat Group, Nishat Mills Limited is one of the largest vertically integrated textile companies in Pakistan. In 2011, the firm completed 50 years of being listed on the Karachi Stock Exchange, and has been a force to be reckon
Published 19 Jun, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 19 Jun, 2012 12:00am
Pre-monsoon arrangement reviewed

Pre-monsoon arrangement reviewed

Member of National Assembly Mian Marghoob Ahmed and Commissioner Lahore division, Jawad Rafiq Malik have ordered to increase the number of generators from 129 to 138 and to increase the additional supply of diesel for operating the generators to ensure th
Published 19 Jun, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (June 18, 2012) and for Tuesday (June 19, 2012).
Published 19 Jun, 2012 12:00am
Urbanization in Pakistan: two million shifted in one year

Urbanization in Pakistan: two million shifted in one year

Around two million people have shifted themselves from rural to urban areas in one year to gain better economic opportunities and living conditions. The population in urban areas which was 65.28 million in 2011 has now reached 67.55 million this year. As
Published 19 Jun, 2012 12:00am
Zardari's days are numbered, claims Imran

Zardari's days are numbered, claims Imran

Pakistan Tehreek-e-Insaaf (PTI) chairman Imran Khan Monday said President Asif Ali Zardari's days are numbered and that the nation should prepare to move into a new era of democracy on his eventual exit.
Published 19 Jun, 2012 12:00am
ECC to set up JEM to resolve IPPs-SNGPL dispute

ECC to set up JEM to resolve IPPs-SNGPL dispute

The Economic Co-ordination Committee (ECC) of the Cabinet will set up Joint Expert Mediation (JEM) to resolve dispute between IPPs and SNGPL over Rs 736 million claims of IPPs. Official documents reveal that pursuant to Power Generation Projects Policy 20
Published 19 Jun, 2012 12:00am
Shahbaz responsible for disorder in Punjab: Malik

Shahbaz responsible for disorder in Punjab: Malik

Advisor to Prime Minister on Interior, Rehman Malik on Monday warned that FIR would be registered against Chief Minister, Mian Shahbaz Sharif in case of any mishap with any legislator of Pakistan Peoples Party in Punjab. Taking notice of incidents of dama
Published 19 Jun, 2012 12:00am
Power protests in Punjab natural: Shahbaz

Power protests in Punjab natural: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that Pakistan, particularly Punjab, is facing the worst load-shedding of its history. While talking to newsmen outside the Punjab Assembly on Monday, he said 180 million people of the country and particularly
Published 19 Jun, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

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

Published 19 Jun, 2012 12:00am
Budget 2012-13: Punjab Finance Minister winds up debate amid uproar

Budget 2012-13: Punjab Finance Minister winds up debate amid uproar

Vociferous opposition benches compelled the Punjab Finance Minister to rush through his speech to wind up debate on Punjab Budget 2012-13 on Monday. Apparently, the Q-league legislators had decided to give a tough time to the treasury benches during the e
Published 19 Jun, 2012 12:00am
Customs notification

Customs notification

Amir Muhammad Khan Marwat (PCS/BS-21), Chief Collector Customs (South), Karachi is allowed to look after the charge of the post of Director General, Directorate General of Customs Valuation, Karachi during visit abroad of Ms Razia Sultana Taher, Director
Published 19 Jun, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (June 18, 2012).

Published 19 Jun, 2012 12:00am
PML-Q activists join PTI

PML-Q activists join PTI

A PML-Q activist and former nazim along with other workers announced on Monday in a press conference to join Pakistan Tehreek-e-Insaf (PTI). Haji Fazal Elahi, a former Nazim hailing from Hazar Khawani, Peshawar said that he is quitting PML-Q and joining P
Published 19 Jun, 2012 12:00am
Deforestation: 'Pakistan is second biggest country'

Deforestation: 'Pakistan is second biggest country'

Pakistan has become the second biggest country with respect to deforestation which was an outcome of our collective negligence and poor management. This alarming situation was brought forward by the speakers of a seminar on Forests and Environment arrange
Published 19 Jun, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (June 18, 2012).

Published 19 Jun, 2012 12:00am
Net profit of SBP declined by 3.1 percent in fiscal year 2011: AGP

Net profit of SBP declined by 3.1 percent in fiscal year 2011: AGP

The Auditor General of Pakistan (AGP) in its annual report has revealed that the net profit of State Bank of Pakistan (SBP) for 2010-11 declined by 3.1 per cent despite 16.4 per cent increase in interest mark-up and discount income as compared to 2009-10.
Published 19 Jun, 2012 12:00am
Net profit of SBP declined by 3.1 percent in fiscal year 2011: AGP

Net profit of SBP declined by 3.1 percent in fiscal year 2011: AGP

The Auditor General of Pakistan (AGP) in its annual report has revealed that the net profit of State Bank of Pakistan (SBP) for 2010-11 declined by 3.1 per cent despite 16.4 per cent increase in interest mark-up and discount income as compared to 2009-10.
Published 19 Jun, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (June 18, 2012).

Published 19 Jun, 2012 12:00am
Pima to launch 'no smoking campaign'

Pima to launch 'no smoking campaign'

Pakistan Islamic Medical Association (Pima) will soon launch a nation-wide 'No smoking campaign' in the country. Pima spokesman in a statement said that during the drive seminars would be conducted and awareness literature would be distributed. "Professor
Published 19 Jun, 2012 12:00am
Riaz seeks security

Riaz seeks security

Malik Riaz has requested the Supreme Court to provide him security during his appearance before the bench on June 21. According to reports, Riaz submitted an application claiming that a few lawyers had threatened him during his last appearance before the
Published 19 Jun, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (June 18, 2012).

Published 19 Jun, 2012 12:00am
Riaz seeks security

Riaz seeks security

Malik Riaz has requested the Supreme Court to provide him security during his appearance before the bench on June 21. According to reports, Riaz submitted an application claiming that a few lawyers had threatened him during his last appearance before the
Published 19 Jun, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (June 18, 2012).

Published 19 Jun, 2012 12:00am
President approves appointment of seven additional judges in SHC

President approves appointment of seven additional judges in SHC

President Asif Ali Zardari on Monday approved appointment of seven Additional Judges in Sindh High Court (SHC). The President approved the appointment of Syed Muhammad Farooq Shah, District & Session Judge, Farooq Ali Channa, District & Sessions Judge, Ha
Published 19 Jun, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (June 18, 2012).

Published 19 Jun, 2012 12:00am
President approves appointment of seven additional judges in SHC

President approves appointment of seven additional judges in SHC

President Asif Ali Zardari on Monday approved appointment of seven Additional Judges in Sindh High Court (SHC). The President approved the appointment of Syed Muhammad Farooq Shah, District & Session Judge, Farooq Ali Channa, District & Sessions Judge, Ha
Published 19 Jun, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (June 18, 2012).

Published 19 Jun, 2012 12:00am
G20 urges Europe to take ''all necessary measures'' on crisis

G20 urges Europe to take ''all necessary measures'' on crisis

World leaders pressed Europe on Monday to do whatever it takes to combat the euro zone''s debt crisis after a victory for pro-bailout parties in a Greek vote reduced the chances of a euro break-up but failed to calm financial markets. The world''s major i
Published 19 Jun, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (June 18, 2012).

Published 19 Jun, 2012 12:00am
G20 urges Europe to take 'all necessary measures' on crisis

G20 urges Europe to take 'all necessary measures' on crisis

World leaders pressed Europe on Monday to do whatever it takes to combat the euro zone's debt crisis after a victory for pro-bailout parties in a Greek vote reduced the chances of a euro break-up but failed to calm financial markets. The world's major ind
Published 19 Jun, 2012 12:00am
G20 urges Europe to take 'all necessary measures' on crisis

G20 urges Europe to take 'all necessary measures' on crisis

World leaders pressed Europe on Monday to do whatever it takes to combat the euro zone's debt crisis after a victory for pro-bailout parties in a Greek vote reduced the chances of a euro break-up but failed to calm financial markets. The world's major ind
Published 19 Jun, 2012 12:00am
PSO clarification

PSO clarification

Apropos to the news story titled "PSO procures 5,214.56 tons of base oil without tender" appearing in the June 13th, 2012 edition of Business Recorder, PSO would like to clarify that this purchase was carried out as per law which resulted in saving
Published 19 Jun, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 19 Jun, 2012 12:00am
PSO clarification

PSO clarification

Apropos to the news story titled "PSO procures 5,214.56 tons of base oil without tender" appearing in the June 13th, 2012 edition of Business Recorder, PSO would like to clarify that this purchase was carried out as per law which resulted in saving
Published 19 Jun, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 19 Jun, 2012 12:00am
PSO clarification

PSO clarification

Apropos to the news story titled "PSO procures 5,214.56 tons of base oil without tender" appearing in the June 13th, 2012 edition of Business Recorder, PSO would like to clarify that this purchase was carried out as per law which resulted in saving
Published 19 Jun, 2012 12:00am
Sarkozy faces first lawsuit

Sarkozy faces first lawsuit

Former French President Nicolas Sarkozy was hit on Monday by the first formal legal complaint against him since his judicial immunity as head of state expired. The complaint came from a lawyer acting for victims of a 2002 bombing in Karachi that investiga
Published 19 Jun, 2012 12:00am
Sarkozy faces first lawsuit

Sarkozy faces first lawsuit

Former French President Nicolas Sarkozy was hit on Monday by the first formal legal complaint against him since his judicial immunity as head of state expired. The complaint came from a lawyer acting for victims of a 2002 bombing in Karachi that investiga
Published 19 Jun, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Technical correction and absence of major payments, encouraged the rupee to recover with handsome gains against dollar in the currency market on Monday, dealers said. Money experts said actually this was the technical correction because dollar went up on
Published 19 Jun, 2012 12:00am
Repayment of SBA''s third instalment to IMF later this month

Repayment of SBA''s third instalment to IMF later this month

Pakistan is scheduled to repay the third instalment worth $107 million of the Stand-By Arrangement (SBA) to International Monetary Fund (IMF) in the last week of this month. Sources in Ministry of Finance told Business Recorder on Monday that altho
Published 19 Jun, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Technical correction and absence of major payments, encouraged the rupee to recover with handsome gains against dollar in the currency market on Monday, dealers said. Money experts said actually this was the technical correction because dollar went up on
Published 19 Jun, 2012 12:00am
Repayment of SBA's third instalment to IMF later this month

Repayment of SBA's third instalment to IMF later this month

Pakistan is scheduled to repay the third instalment worth $107 million of the Stand-By Arrangement (SBA) to International Monetary Fund (IMF) in the last week of this month. Sources in Ministry of Finance told Business Recorder on Monday that altho
Published 19 Jun, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

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

Published 19 Jun, 2012 12:00am
Repayment of SBA's third instalment to IMF later this month

Repayment of SBA's third instalment to IMF later this month

Pakistan is scheduled to repay the third instalment worth $107 million of the Stand-By Arrangement (SBA) to International Monetary Fund (IMF) in the last week of this month. Sources in Ministry of Finance told Business Recorder on Monday that altho
Published 19 Jun, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

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

Published 19 Jun, 2012 12:00am
FBR issues ''settled policy'' to tax officials

FBR issues ''settled policy'' to tax officials

The Federal Board of Revenue (FBR) for the first time issued a "settled policy" to the tax officials for placing tax-related cases regarding Board and its field formations before the higher judicial fora to curtail wastage of time spent in litigation at l
Published 19 Jun, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

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

Published 19 Jun, 2012 12:00am
FBR issues 'settled policy' to tax officials

FBR issues 'settled policy' to tax officials

The Federal Board of Revenue (FBR) for the first time issued a "settled policy" to the tax officials for placing tax-related cases regarding Board and its field formations before the higher judicial fora to curtail wastage of time spent in litigation at l
Published 19 Jun, 2012 12:00am
FBR issues 'settled policy' to tax officials

FBR issues 'settled policy' to tax officials

The Federal Board of Revenue (FBR) for the first time issued a "settled policy" to the tax officials for placing tax-related cases regarding Board and its field formations before the higher judicial fora to curtail wastage of time spent in litigation at l
Published 19 Jun, 2012 12:00am
Fitch cuts India rating outlook

Fitch cuts India rating outlook

Fitch Ratings cut its credit outlook for India to negative from stable, nearly two months after rival Standard & Poor''''s made a similar call, citing risks that India''''s growth outlook could deteriorate if policymaking and governance don''''t improve.
Published 19 Jun, 2012 12:00am
Fitch cuts India rating outlook

Fitch cuts India rating outlook

Fitch Ratings cut its credit outlook for India to negative from stable, nearly two months after rival Standard & Poor''s made a similar call, citing risks that India''s growth outlook could deteriorate if policymaking and governance don''t improve.
Published 19 Jun, 2012 12:00am
Fitch cuts India rating outlook

Fitch cuts India rating outlook

Fitch Ratings cut its credit outlook for India to negative from stable, nearly two months after rival Standard & Poor's made a similar call, citing risks that India's growth outlook could deteriorate if policymaking and governance don't improve.
Published 19 Jun, 2012 12:00am
Fitch cuts India rating outlook

Fitch cuts India rating outlook

Fitch Ratings cut its credit outlook for India to negative from stable, nearly two months after rival Standard & Poor's made a similar call, citing risks that India's growth outlook could deteriorate if policymaking and governance don't improve.
Published 19 Jun, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Jun, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Jun, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Jun, 2012 12:00am
Five killed, 65 injured in students' bus blast

Five killed, 65 injured in students' bus blast

At least five persons including three students of Balochistan University of Information Technology, Engineering and Management Sciences (BUITEMS) have been killed and 65 others including 28 students and four policemen have been injured in an improvised ex
Published 19 Jun, 2012 12:00am
Five killed, 65 injured in students' bus blast

Five killed, 65 injured in students' bus blast

At least five persons including three students of Balochistan University of Information Technology, Engineering and Management Sciences (BUITEMS) have been killed and 65 others including 28 students and four policemen have been injured in an improvised ex
Published 19 Jun, 2012 12:00am
SNGPL disconnects gas supply to Engro, DHCL fertiliser plants

SNGPL disconnects gas supply to Engro, DHCL fertiliser plants

The government has issued directives to Sui Northern Gas Pipelines Limited for immediate suspension of gas supply to fertiliser sector and diversion of the gas to power sector. Accordingly, Engro Corporation and Dawood Hercules Corporation have been infor
Published 19 Jun, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Jun, 2012 12:00am
SNGPL disconnects gas supply to Engro, DHCL fertiliser plants

SNGPL disconnects gas supply to Engro, DHCL fertiliser plants

The government has issued directives to Sui Northern Gas Pipelines Limited for immediate suspension of gas supply to fertiliser sector and diversion of the gas to power sector. Accordingly, Engro Corporation and Dawood Hercules Corporation have been infor
Published 19 Jun, 2012 12:00am
SNGPL disconnects gas supply to Engro, DHCL fertiliser plants

SNGPL disconnects gas supply to Engro, DHCL fertiliser plants

The government has issued directives to Sui Northern Gas Pipelines Limited for immediate suspension of gas supply to fertiliser sector and diversion of the gas to power sector. Accordingly, Engro Corporation and Dawood Hercules Corporation have been infor
Published 19 Jun, 2012 12:00am
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