News Archives for Print - 2012-07-04 - Business Recorder

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Print - 2012-07-04

Railways seeking Rs five billion grant: summary to be presented to Prime Minister today

Railways seeking Rs five billion grant: summary to be presented to Prime Minister today

The cash-starved Pakistan Railways has prepared a summary for a grant of five billion rupees which will be presented to Prime Minister Raja Pervez Ashraf in a meeting to be held here today (Wednesday), informed sources revealed to Business Recorder

Published 04 Jul, 2012 12:00am

Price hike despite cut in POL products' prices

Price hike despite cut in POL products' prices

The considerable reduction in prices of petroleum products has not led to any decline in fares by local transporters of the twin cities. The prices of petroleum products were decreased in accordance with a notification issued by Ogra on July 1.

Published 04 Jul, 2012 12:00am

SU announces results

SU announces results

The Controller of Examinations (Annual) University of Sindh announced results of B.Sc. Part-I and Part-II annual examinations 2011 here on Tuesday. According to the announcement 7,759 candidates appeared and 4,080 candidates cleared all subjects in B.Sc.

Published 04 Jul, 2012 12:00am

FBR to set up crisis management cells at all collectorates

FBR to set up crisis management cells at all collectorates

Following incident of fire at the Customs House in Karachi, the Federal Board of Revenue (FBR) has decided to set up 'Centralised Crisis Management Cell' at all Model Customs Collectorates (MCC) to ensure easy exit by the tax officials/visitors during any

Published 04 Jul, 2012 12:00am

US MIDDAY: gold up 1.5 percent

US MIDDAY: gold up 1.5 percent

Gold prices rose 1.5 percent to a two-week high early on Tuesday, as signs of a slowing US economy fuelled investors' expectation that central banks around the world will introduce new monetary stimulus. The metal also benefited from inflation-hedge buyin

Published 04 Jul, 2012 12:00am

US MIDDAY: copper jumps

US MIDDAY: copper jumps

Copper jumped more than 2 percent to a seven-week high on Tuesday as a short-covering rally swept the market higher amid hopes for further economic stimulus by central banks that could reignite sluggish industrial demand for the metal.

Published 04 Jul, 2012 12:00am

US MIDDAY: corn climbs

US MIDDAY: corn climbs

Relentless heat in the key US corn- and soybean-growing areas drove benchmark Chicago corn futures to a contract high early on Tuesday, and soybean prices jumped to their highest levels since 2008, as worries grew over the impact of drought on world grain

Published 04 Jul, 2012 12:00am

Gold climbs in Europe

Gold climbs in Europe

Gold prices rose more than 1 percent on Tuesday, gathering steam above $1,610 per ounce, with broad sentiment lifted as increasingly poor economic data raised expectations that leading central banks will ease policy further to stimulate growth. The rally

Published 04 Jul, 2012 12:00am

Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

21 judges given plots during Musharraf's regime: PAC declines to accommodate SC registrar's statement

21 judges given plots during Musharraf's regime: PAC declines to accommodate SC registrar's statement

As many as 21 serving and retired judges were given residential plots in various sectors of the Islamabad during the government of the then President, Pervez Musharraf, in the National Assembly's Public Accounts Committee was told on Tuesday. The committe

Published 04 Jul, 2012 12:00am

JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

21 judges given plots during Musharraf''s regime: PAC declines to accommodate SC registrar''s statement

21 judges given plots during Musharraf''s regime: PAC declines to accommodate SC registrar''s statement

As many as 21 serving and retired judges were given residential plots in various sectors of the Islamabad during the government of the then President, Pervez Musharraf, in the National Assembly''s Public Accounts Committee was told on Tuesday. The committ

Published 04 Jul, 2012 12:00am

JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

21 judges given plots during Musharraf''''s regime: PAC declines to accommodate SC registrar''''s statement

21 judges given plots during Musharraf''''s regime: PAC declines to accommodate SC registrar''''s statement

As many as 21 serving and retired judges were given residential plots in various sectors of the Islamabad during the government of the then President, Pervez Musharraf, in the National Assembly''''s Public Accounts Committee was told on Tuesday. The commi

Published 04 Jul, 2012 12:00am

JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Arsalan-Riaz case: JIT holds maiden meeting

Arsalan-Riaz case: JIT holds maiden meeting

Chairman National Accountability Bureau (NAB) has constituted a five-member Joint Investigation Team (JIT) headed by NAB's DG Financial Crimes Investigation Wing (FCIW). The committee comprises one member each from FIA and Police and three members from th

Published 04 Jul, 2012 12:00am

JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Arsalan-Riaz case: JIT holds maiden meeting

Arsalan-Riaz case: JIT holds maiden meeting

Chairman National Accountability Bureau (NAB) has constituted a five-member Joint Investigation Team (JIT) headed by NAB's DG Financial Crimes Investigation Wing (FCIW). The committee comprises one member each from FIA and Police and three members from th

Published 04 Jul, 2012 12:00am

JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Index gains another 57.87 points

Index gains another 57.87 points

A bullish trend continued on the Karachi share market on Tuesday and the benchmark KSE-100 index gained another 57.87 points to close at 14,200.79 points. After opening of the session, the market witnessed profit taking in some stocks that forced the inde

Published 04 Jul, 2012 12:00am

JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Index gains another 57.87 points

Index gains another 57.87 points

A bullish trend continued on the Karachi share market on Tuesday and the benchmark KSE-100 index gained another 57.87 points to close at 14,200.79 points. After opening of the session, the market witnessed profit taking in some stocks that forced the inde

Published 04 Jul, 2012 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Index gains another 57.87 points

Index gains another 57.87 points

A bullish trend continued on the Karachi share market on Tuesday and the benchmark KSE-100 index gained another 57.87 points to close at 14,200.79 points. After opening of the session, the market witnessed profit taking in some stocks that forced the inde

Published 04 Jul, 2012 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

BRIndex30 up 38.78 points

BRIndex30 up 38.78 points

On Tuesday, BRIndex30 opened at 10,126.92. It touched an intraday high of 10,224.88 and an intraday low of 10,120.58 and closed at 10,165.7 which was 38.78 points or 0.38 percent higher than previous close. Total volume was 93,631,634, which was 78.44 per

Published 04 Jul, 2012 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

BRIndex30 up 38.78 points

BRIndex30 up 38.78 points

On Tuesday, BRIndex30 opened at 10,126.92. It touched an intraday high of 10,224.88 and an intraday low of 10,120.58 and closed at 10,165.7 which was 38.78 points or 0.38 percent higher than previous close. Total volume was 93,631,634, which was 78.44 per

Published 04 Jul, 2012 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Power sector gets priority: gas allocation, management policy amended

Power sector gets priority: gas allocation, management policy amended

With the power crisis getting worse in the country, the Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday amended the 2005 Natural Gas Allocation and Management Policy to make available maximum gas supply to the power sector for enhancing g

Published 04 Jul, 2012 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Power sector gets priority: gas allocation, management policy amended

Power sector gets priority: gas allocation, management policy amended

With the power crisis getting worse in the country, the Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday amended the 2005 Natural Gas Allocation and Management Policy to make available maximum gas supply to the power sector for enhancing g

Published 04 Jul, 2012 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Power sector gets priority: gas allocation, management policy amended

Power sector gets priority: gas allocation, management policy amended

With the power crisis getting worse in the country, the Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday amended the 2005 Natural Gas Allocation and Management Policy to make available maximum gas supply to the power sector for enhancing g

Published 04 Jul, 2012 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

SBP amends rules governing Primary Dealer System

SBP amends rules governing Primary Dealer System

The State Bank of Pakistan (SBP) on Tuesday has amended certain rules governing the Primary Dealer System in order to streamline and further strengthen this system. The purpose of these amendments is to create a balance between privileges and obligations

Published 04 Jul, 2012 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Prime Minister acknowledges blockade affecting ties

Prime Minister acknowledges blockade affecting ties

Pakistan's new prime minister on Tuesday acknowledged that continuing a seven-month blockade on Nato supplies into Afghanistan was negatively affecting relations with the United States and other Nato member states. "The continued closure of supply lines n

Published 04 Jul, 2012 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Taliban threaten attacks

Taliban threaten attacks

The Pakistani Taliban militant group threatened to attack trucks carrying supplies to US-led Nato troops in Afghanistan after Islamabad and Washington reached a deal to re-open the lines. "We will attack Nato supplies all over Pakistan. We will not allow

Published 04 Jul, 2012 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Foreign secretaries meet today

Foreign secretaries meet today

Pakistan and India will look into the prospects of a just and peaceful resolution of the Jammu and Kashmir dispute during the two-day Foreign Secretary level talks being started today (Wednesday) at New Delhi, Foreign Office said. According to Foreign Off

Published 04 Jul, 2012 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Lower judiciary accused of victimising Riaz: fresh plea filed in Supreme Court

Lower judiciary accused of victimising Riaz: fresh plea filed in Supreme Court

Malik Riaz on Tuesday filed a fresh application in the Supreme Court with a plea that lower judiciary was victimising him by passing several adverse orders in false cases. Zahid Bukhari, the counsel for the Riaz, requested the apex court that till the fin

Published 04 Jul, 2012 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Lower judiciary accused of victimising Riaz: fresh plea filed in Supreme Court

Lower judiciary accused of victimising Riaz: fresh plea filed in Supreme Court

Malik Riaz on Tuesday filed a fresh application in the Supreme Court with a plea that lower judiciary was victimising him by passing several adverse orders in false cases. Zahid Bukhari, the counsel for the Riaz, requested the apex court that till the fin

Published 04 Jul, 2012 12:00am

EFU GUARANT GROWTH FUND Rates

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Police raid Sarkozy's home in funding probe

Police raid Sarkozy's home in funding probe

Police raided the home and offices of former French president Nicolas Sarkozy on Tuesday as part of a judicial inquiry into financial relations between his political camp and the richest woman in France, L'Oreal heiress Liliane Bettencourt. It was Sarkozy

Published 04 Jul, 2012 12:00am

EFU GUARANT GROWTH FUND Rates

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Police raid Sarkozy's home in funding probe

Police raid Sarkozy's home in funding probe

Police raided the home and offices of former French president Nicolas Sarkozy on Tuesday as part of a judicial inquiry into financial relations between his political camp and the richest woman in France, L'Oreal heiress Liliane Bettencourt. It was Sarkozy

Published 04 Jul, 2012 12:00am

EFU GUARANT GROWTH FUND Rates

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Indonesia arrests alleged human smuggler

Indonesia arrests alleged human smuggler

Indonesian police have arrested a suspected human-smuggler from Afghanistan accused of arranging a boat trip in which 90 people drowned off Australia's Christmas Island, a spokesman said Tuesday. Rescuers managed to save 110 asylum-seekers after the boat

Published 04 Jul, 2012 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 04 Jul, 2012 12:00am

Indonesia arrests alleged human smuggler

Indonesia arrests alleged human smuggler

Indonesian police have arrested a suspected human-smuggler from Afghanistan accused of arranging a boat trip in which 90 people drowned off Australia's Christmas Island, a spokesman said Tuesday. Rescuers managed to save 110 asylum-seekers after the boat

Published 04 Jul, 2012 12:00am

Clearing Schedule for T+2 System

Clearing Schedule for T+2 System

Karachi Stock Exchange's Clearing Schedule for T+2 System.

Published 04 Jul, 2012 12:00am

Power consumed by steel-melters, re-rolling units: sales tax reduced to Rs seven per unit

Power consumed by steel-melters, re-rolling units: sales tax reduced to Rs seven per unit

The Federal Board of Revenue (FBR) has reduced sales tax from Rs 8 to Rs 7 per unit of electricity consumed by the steel-melters and steel re-rolling units and correspondently reduced the repayment-cum-drawback on the export of ingots or billets and mild

Published 04 Jul, 2012 12:00am

Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Jul, 2012 12:00am

Power consumed by steel-melters, re-rolling units: sales tax reduced to Rs seven per unit

Power consumed by steel-melters, re-rolling units: sales tax reduced to Rs seven per unit

The Federal Board of Revenue (FBR) has reduced sales tax from Rs 8 to Rs 7 per unit of electricity consumed by the steel-melters and steel re-rolling units and correspondently reduced the repayment-cum-drawback on the export of ingots or billets and mild

Published 04 Jul, 2012 12:00am

Provisionally listed companies

Provisionally listed companies

Provisional companies listed in Karachi Stock Exchange.

Published 04 Jul, 2012 12:00am

Power consumed by steel-melters, re-rolling units: sales tax reduced to Rs seven per unit

Power consumed by steel-melters, re-rolling units: sales tax reduced to Rs seven per unit

The Federal Board of Revenue (FBR) has reduced sales tax from Rs 8 to Rs 7 per unit of electricity consumed by the steel-melters and steel re-rolling units and correspondently reduced the repayment-cum-drawback on the export of ingots or billets and mild

Published 04 Jul, 2012 12:00am

Last date of renunciation/payment

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 04 Jul, 2012 12:00am

Supreme Court to hear IPPs' petition on July 10

Supreme Court to hear IPPs' petition on July 10

The Supreme Court of Pakistan has admitted for regular hearing a petition filed by Independent Power Producers (IPPs) against the Federal government due to latter's continuous disregard of its obligations and inaction even after four sovereign default not

Published 04 Jul, 2012 12:00am

Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 Jul, 2012 12:00am

Supreme Court to hear IPPs' petition on July 10

Supreme Court to hear IPPs' petition on July 10

The Supreme Court of Pakistan has admitted for regular hearing a petition filed by Independent Power Producers (IPPs) against the Federal government due to latter's continuous disregard of its obligations and inaction even after four sovereign default not

Published 04 Jul, 2012 12:00am

Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2012 12:00am

Supreme Court to hear IPPs'' petition on July 10

Supreme Court to hear IPPs'' petition on July 10

The Supreme Court of Pakistan has admitted for regular hearing a petition filed by Independent Power Producers (IPPs) against the Federal government due to latter''s continuous disregard of its obligations and inaction even after four sovereign default no

Published 04 Jul, 2012 12:00am

BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2012 12:00am

FBR enhances Inland Revenue Commissioners' powers

FBR enhances Inland Revenue Commissioners' powers

The Federal Board of Revenue (FBR) has exceptionally enhanced the discretionary powers of the Commissioners of Inland Revenue (IR) for suspending the sales tax registrations of the persons, who have issued fake sales tax invoices, without issuance of any

Published 04 Jul, 2012 12:00am

Despatch of dividend warrants

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 04 Jul, 2012 12:00am

FBR enhances Inland Revenue Commissioners' powers

FBR enhances Inland Revenue Commissioners' powers

The Federal Board of Revenue (FBR) has exceptionally enhanced the discretionary powers of the Commissioners of Inland Revenue (IR) for suspending the sales tax registrations of the persons, who have issued fake sales tax invoices, without issuance of any

Published 04 Jul, 2012 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

FBR enhances Inland Revenue Commissioners'' powers

FBR enhances Inland Revenue Commissioners'' powers

The Federal Board of Revenue (FBR) has exceptionally enhanced the discretionary powers of the Commissioners of Inland Revenue (IR) for suspending the sales tax registrations of the persons, who have issued fake sales tax invoices, without issuance of any

Published 04 Jul, 2012 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (July 03, 2012)

Published 04 Jul, 2012 12:00am

Diamond quits as Barclays CEO

Diamond quits as Barclays CEO

Barclays chief executive Bob Diamond resigned on Tuesday, followed a few hours later by the bank's chief operating officer, in a deepening scandal over the rigging of a key global interest rate. The latest resignations took to three the number of senior B

Published 04 Jul, 2012 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (July 03, 2012)

Published 04 Jul, 2012 12:00am

Diamond quits as Barclays CEO

Diamond quits as Barclays CEO

Barclays chief executive Bob Diamond resigned on Tuesday, followed a few hours later by the bank's chief operating officer, in a deepening scandal over the rigging of a key global interest rate. The latest resignations took to three the number of senior B

Published 04 Jul, 2012 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (July 03, 2012)

Published 04 Jul, 2012 12:00am

Diamond quits as Barclays CEO

Diamond quits as Barclays CEO

Barclays chief executive Bob Diamond resigned on Tuesday, followed a few hours later by the bank''s chief operating officer, in a deepening scandal over the rigging of a key global interest rate. The latest resignations took to three the number of senior

Published 04 Jul, 2012 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Dual nationality: membership of PML-N MNA from Gujrat suspended

Dual nationality: membership of PML-N MNA from Gujrat suspended

while resuming the hearing of a dual nationality case on Tuesday, the apex court suspended the membership of another PML-N parliamentarian. The membership of PML-N MNA Malik Jamil Awan was suspended for holding the nationality of Holland. He was elected M

Published 04 Jul, 2012 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

Dual nationality: membership of PML-N MNA from Gujrat suspended

Dual nationality: membership of PML-N MNA from Gujrat suspended

while resuming the hearing of a dual nationality case on Tuesday, the apex court suspended the membership of another PML-N parliamentarian. The membership of PML-N MNA Malik Jamil Awan was suspended for holding the nationality of Holland. He was elected M

Published 04 Jul, 2012 12:00am

Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

IMF warns US against cutting deficit too fast

IMF warns US against cutting deficit too fast

The International Monetary Fund on Tuesday pared its growth forecast for the US economy and warned that the Obama administration could be slicing the deficit too fast for the weak economy. It also said the economy was under threat from the pre-programmed

Published 04 Jul, 2012 12:00am

Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (July 03, 2012).

Published 04 Jul, 2012 12:00am

IMF warns US against cutting deficit too fast

IMF warns US against cutting deficit too fast

The International Monetary Fund on Tuesday pared its growth forecast for the US economy and warned that the Obama administration could be slicing the deficit too fast for the weak economy. It also said the economy was under threat from the pre-programmed

Published 04 Jul, 2012 12:00am

Damaged Indus, non-Indus dykes: no proper strategy to deal with monsoon rains

Damaged Indus, non-Indus dykes: no proper strategy to deal with monsoon rains

Despite forecast of monsoon rains by MET Office repeatedly, Sindh Irrigation Department failed to complete rehabilitation assignment of Indus and non-Indus dykes, which were damaged in 2010 Floods, Business Recorder learnt here on Tuesday.

Published 04 Jul, 2012 12:00am

Students of private institutions: boards barred from collecting processing fee

Students of private institutions: boards barred from collecting processing fee

The Lahore High Court on Tuesday barred all education's boards in Punjab from collecting processing fee from the students of private educational institutions. The next date of hearing will be fixed by LHC registrar's office. The court issued this order in

Published 04 Jul, 2012 12:00am

PPCBL to go online from July 5

PPCBL to go online from July 5

Punjab Provincial Co-operative Bank Limited (PPCBL) is being automated from 5th July to ensure modern and online banking facilities to its account holders. Rana Irshad Ali, the bank's spokesman, said on Tuesday that staff of various PPCBL branches was als

Published 04 Jul, 2012 12:00am

Short-term rating of Burj Bank upgraded

Short-term rating of Burj Bank upgraded

JCR-VIS Credit Rating Company Limited has maintained the medium to long-term entity rating of Burj Bank Limited (Burj) at 'A' (Single A). Short-term rating has been upgraded from 'A-2' (A-Two) to 'A-1' (A-One). Outlook on the ratings is 'Stable'.Ratings a

Published 04 Jul, 2012 12:00am

Short-term rating of Burj Bank upgraded

Short-term rating of Burj Bank upgraded

JCR-VIS Credit Rating Company Limited has maintained the medium to long-term entity rating of Burj Bank Limited (Burj) at 'A' (Single A). Short-term rating has been upgraded from 'A-2' (A-Two) to 'A-1' (A-One). Outlook on the ratings is 'Stable'.Ratings a

Published 04 Jul, 2012 12:00am

Chairman Site condemns killing of security guard

Chairman Site condemns killing of security guard

Muhammad Irfan Moton, Chairman, SITE Association of Industry has condemned the killing of security guard on Tuesday in SITE area by the dacoits who were following the industrialist and opened fire while he was entering in his factory.

Published 04 Jul, 2012 12:00am

Patel made President PPP Karachi

Patel made President PPP Karachi

Bowing to banned People's Aman Committee demand, PPP leadership finally nominated MNA Qadir Patel as President PPP Karachi Division and the Political Secretary to President Asif Ali Zardari after the resignation of Senator Faisal Raza Abidi from both posi

Published 04 Jul, 2012 12:00am

Entrepreneurship Development Programme: SBI signs contract with IBA

Entrepreneurship Development Programme: SBI signs contract with IBA

Sindh Board of Investment (SBI) has signed a contract with Institute of Business Administration (IBA) to lodge a programme for Sindh entrepreneurs. According to a statement issued here on Tuesday, in phase-I, 300 candidates from across the province will b

Published 04 Jul, 2012 12:00am

KESC experiencing huge power theft

KESC experiencing huge power theft

Karachi Electric Supply Company (KESC) is facing 18 percent power theft amounting to Rs 18 billion per year despite investing millions of rupees on the replacement of Bare Copper Conductor (BCC) with Arial Bundle Cables (ABC).

Published 04 Jul, 2012 12:00am

Nokia, Unesco launch eTaleem literacy app

Nokia, Unesco launch eTaleem literacy app

Nokia and Unesco Pakistan are proud to launch a basic literacy application named eTaleem for Nokia phones, which allows people to easily access lessons for Urdu reading, phonetics, word synthesis, sentence making, and basic math.

Published 04 Jul, 2012 12:00am

No reduction in fares: notice taken

No reduction in fares: notice taken

Deputy Commissioner Hyderabad Agha Shahnawaz Babar has taken serious notice of not reducing fare prices despite decrease in fuel rates. He also expressed his displeasure over not convening the meeting on this subject by Secretary Regional Transport Author

Published 04 Jul, 2012 12:00am

Alam Lohar remembered

Alam Lohar remembered

Artistes paid tribute to Punjabi folk singer Muhammad Alam Lohar, father of famous singer Arif Lohar, on his 33rd death anniversary here on Tuesday Special prayers and Quran Khawani were offered for the folk singer who died on July 3, 1979, in an accident

Published 04 Jul, 2012 12:00am

Condolence

Condolence

Punjab Chief Minister Shahbaz Sharif on Tuesday went to the residence of Chief Executive of Akhuwat, Dr Amjad Saqib in Johar Town, here on Tuesday and condoled with him over the death of his father. The Chief Minister also offered Fateha for the departed

Published 04 Jul, 2012 12:00am

'Ramazan package'

'Ramazan package'

It has become a tradition in our annual federal budgets to earmark a subsidy during the holy month of Ramazan with the objective of ensuring affordable prices of essential items, specifically food items, for the common man. Last year, the government ea

Published 04 Jul, 2012 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.15
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 8	4.96

Stock	Volume
S&P 500 / May 8	5,663.94
Nasdaq / May 8	17,928.14
Dow Jones / May 8	41,368.45
India Sensex / May 9	79,496.11
Tokyo Nikkei / May 9	37,503.33
Hang Seng / May 9	22,833.68
FTSE 100 / May 9	8,569.40
Germany DAX 30 / May 9	23,459.01
France CAC40 / May 9	7,731.05

Item	Value
Karachi Cotton PKR/37.32 KG / May 8	16,985
Gold 10 Grams PKR / May 8	302,383
Crude Oil USD/Barrel / May 9	60.39
Gold Spot USD/Ounce / May 9	3,326.57
Cotton US¢/pound / May 9	66.46
Petrol/Litre / May 10	252.63
Diesel/Litre / May 10	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	6 ▲ 0.85 (16.5%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
UDL International / May 9 UDL International Limited(UDLI)	7.24 ▲ 0.99 (15.84%)
B. F. Mod. / May 9 B.F. Modaraba(BFMOD)	7.34 ▲ 0.99 (15.59%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.48 ▲ 0.69 (14.41%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.47 ▲ 0.56 (14.32%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.08 ▲ 0.26 (14.29%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.48 ▲ 0.76 (13.29%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.95 ▲ 0.46 (13.18%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27 ▼ -5.08 (-15.84%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Next Capital / May 9 Next Capital Limited(NEXT)	6.90 ▼ -0.92 (-11.76%)
Paramount Mod / May 9 First Paramount Modaraba(FPRM)	6.50 ▼ -0.78 (-10.71%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.38 ▼ -1 (-10.66%)
Din Tex. / May 9 Din Textile Mills Limited(DINT)	44.99 ▼ -5 (-10%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
National Silk / May 9 The National Silk & Rayon Mills Limited(NSRM)	37.85 ▼ -4.2 (-9.99%)
Chakwal Spinning / May 9 Chakwal Spinning Mills Limited(CWSM)	36.85 ▼ -4.09 (-9.99%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,067,305 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,276,520 ▲ 0.76
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,120,731 ▼ -1.56
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,295,053 ▲ 0.46
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,283,592 ▲ 0.33
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,808,605 ▼ -1.33
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,766,407 ▲ 5.91
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.12
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,534,480 ▲ 4.13
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,314,651 ▲ 0.02

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Pakistan’s Chinese-made jet brought down at least two Indian fighter aircraft, US officials say

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