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Print - 2012-07-10
China overtakes Japan in Fortune 500 ranks

China overtakes Japan in Fortune 500 ranks

China overtook Japan on the Fortune Global 500 for the first time on the list of the world's biggest companies by revenue, the US business magazine said Monday. While US companies held the plurality of slots on the list, with 132 US firms featured, Chines
Published 10 Jul, 2012 12:00am
China overtakes Japan in Fortune 500 ranks

China overtakes Japan in Fortune 500 ranks

China overtook Japan on the Fortune Global 500 for the first time on the list of the world's biggest companies by revenue, the US business magazine said Monday. While US companies held the plurality of slots on the list, with 132 US firms featured, Chines
Published 10 Jul, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Jul, 2012 12:00am
Raheel made SCB Regional Head

Raheel made SCB Regional Head

Standard Chartered Bank (SCB) has appointed Raheel Ahmed as Regional Head of Consumer Banking for Middle East, Pakistan and Africa. Raheel is taking over from Vishu Ramachandran, who will become the Chief Operating Officer for Consumer Banking at Standard
Published 10 Jul, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Jul, 2012 12:00am
Raheel made SCB Regional Head

Raheel made SCB Regional Head

Standard Chartered Bank (SCB) has appointed Raheel Ahmed as Regional Head of Consumer Banking for Middle East, Pakistan and Africa. Raheel is taking over from Vishu Ramachandran, who will become the Chief Operating Officer for Consumer Banking at Standard
Published 10 Jul, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 10 Jul, 2012 12:00am
Raheel made SCB Regional Head

Raheel made SCB Regional Head

Standard Chartered Bank (SCB) has appointed Raheel Ahmed as Regional Head of Consumer Banking for Middle East, Pakistan and Africa. Raheel is taking over from Vishu Ramachandran, who will become the Chief Operating Officer for Consumer Banking at Standard
Published 10 Jul, 2012 12:00am
FC accused of detaining every third missing person: CJP

FC accused of detaining every third missing person: CJP

Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry Monday said there is charge against the Frontier Corps (FC) that it detained every third person from among the missing persons in the province. Heading a three-member bench of the apex court at Qu
Published 10 Jul, 2012 12:00am
FC accused of detaining every third missing person: CJP

FC accused of detaining every third missing person: CJP

Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry Monday said there is charge against the Frontier Corps (FC) that it detained every third person from among the missing persons in the province. Heading a three-member bench of the apex court at Qu
Published 10 Jul, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Jul, 2012 12:00am
Operation in North Waziristan: WFP sees emergency situation from 2013-15

Operation in North Waziristan: WFP sees emergency situation from 2013-15

World Food Programme foresees emergency situation from 2013 to 2015 as more people would be displaced if military launches operation in North Waziristan and Isaf/ Nato withdraw forces from Afghanistan. Special Advisor to WFP, Lieutenant General Nadeem Ahm
Published 10 Jul, 2012 12:00am
Operation in North Waziristan: WFP sees emergency situation from 2013-15

Operation in North Waziristan: WFP sees emergency situation from 2013-15

World Food Programme foresees emergency situation from 2013 to 2015 as more people would be displaced if military launches operation in North Waziristan and Isaf/ Nato withdraw forces from Afghanistan. Special Advisor to WFP, Lieutenant General Nadeem Ahm
Published 10 Jul, 2012 12:00am
FBR given deadline to liquidate all pending refund claims

FBR given deadline to liquidate all pending refund claims

Federal Tax Ombudsman (FTO) Dr Muhammad Shoiab Suddle has given deadline of September 30, to the Federal Board of Revenue (FBR) for liquidating all pending income tax, sales tax and federal excise duty (FED) refund claims filed prior to December 31, 2011.
Published 10 Jul, 2012 12:00am
FBR given deadline to liquidate all pending refund claims

FBR given deadline to liquidate all pending refund claims

Federal Tax Ombudsman (FTO) Dr Muhammad Shoiab Suddle has given deadline of September 30, to the Federal Board of Revenue (FBR) for liquidating all pending income tax, sales tax and federal excise duty (FED) refund claims filed prior to December 31, 2011.
Published 10 Jul, 2012 12:00am
FBR given deadline to liquidate all pending refund claims

FBR given deadline to liquidate all pending refund claims

Federal Tax Ombudsman (FTO) Dr Muhammad Shoiab Suddle has given deadline of September 30, to the Federal Board of Revenue (FBR) for liquidating all pending income tax, sales tax and federal excise duty (FED) refund claims filed prior to December 31, 2011.
Published 10 Jul, 2012 12:00am
UK's Cameron faces major rebellion over Lords reform

UK's Cameron faces major rebellion over Lords reform

British Prime Minister David Cameron faces one of the biggest rebellions of his premiership after more than a fifth of his own party threatened on Monday to vote against plans to reform parliament's upper chamber, the House of Lords.
Published 10 Jul, 2012 12:00am
UK's Cameron faces major rebellion over Lords reform

UK's Cameron faces major rebellion over Lords reform

British Prime Minister David Cameron faces one of the biggest rebellions of his premiership after more than a fifth of his own party threatened on Monday to vote against plans to reform parliament's upper chamber, the House of Lords.
Published 10 Jul, 2012 12:00am
Heavy gas deposit discovered in Sui

Heavy gas deposit discovered in Sui

Long-delayed 2-dimension survey to explore new natural gas reservoirs in Sui area of Dera Bugti district has been completed, confirming heavy gas deposits in the area.
Published 10 Jul, 2012 12:00am
Heavy gas deposit discovered in Sui

Heavy gas deposit discovered in Sui

Long-delayed 2-dimension survey to explore new natural gas reservoirs in Sui area of Dera Bugti district has been completed, confirming heavy gas deposits in the area.
Published 10 Jul, 2012 12:00am
Heavy gas deposit discovered in Sui

Heavy gas deposit discovered in Sui

Long-delayed 2-dimension survey to explore new natural gas reservoirs in Sui area of Dera Bugti district has been completed, confirming heavy gas deposits in the area.
Published 10 Jul, 2012 12:00am
SECP proposes new Takaful Rules

SECP proposes new Takaful Rules

The Securities and Exchange Commission of Pakistan (SECP) in response to industry''s demand has proposed new Takaful Rules which will allow the conventional insurance companies to offer Takaful products through their dedicated Shariah compliant window ope
Published 10 Jul, 2012 12:00am
SECP proposes new Takaful Rules

SECP proposes new Takaful Rules

The Securities and Exchange Commission of Pakistan (SECP) in response to industry's demand has proposed new Takaful Rules which will allow the conventional insurance companies to offer Takaful products through their dedicated Shariah compliant window oper
Published 10 Jul, 2012 12:00am
SECP proposes new Takaful Rules

SECP proposes new Takaful Rules

The Securities and Exchange Commission of Pakistan (SECP) in response to industry's demand has proposed new Takaful Rules which will allow the conventional insurance companies to offer Takaful products through their dedicated Shariah compliant window oper
Published 10 Jul, 2012 12:00am
Climate change can affect hydropower output: ADB

Climate change can affect hydropower output: ADB

Increased glacial melting and associated glacier flooding, landslides, and avalanches could have significant impact on hydropower in some parts of Pakistan, Nepal, Bhutan and Peoples'' Republic of China, an Asian Development Bank (ADB) study says.
Published 10 Jul, 2012 12:00am
Climate change can affect hydropower output: ADB

Climate change can affect hydropower output: ADB

Increased glacial melting and associated glacier flooding, landslides, and avalanches could have significant impact on hydropower in some parts of Pakistan, Nepal, Bhutan and Peoples' Republic of China, an Asian Development Bank (ADB) study says.
Published 10 Jul, 2012 12:00am
Climate change can affect hydropower output: ADB

Climate change can affect hydropower output: ADB

Increased glacial melting and associated glacier flooding, landslides, and avalanches could have significant impact on hydropower in some parts of Pakistan, Nepal, Bhutan and Peoples' Republic of China, an Asian Development Bank (ADB) study says.
Published 10 Jul, 2012 12:00am
Up to Rs 2.70 per litre cut in POL products'' prices likely

Up to Rs 2.70 per litre cut in POL products'' prices likely

Prices of Petrol, Compressed Natural Gas (CNG) and High Speed Diesel (HSD) are likely to go down by Rs 2.70 per litre, Rs 2.5 per litre and Re 1 per litre respectively, while prices of other Petroleum, Oil and Lubricants (POL) are expected to increase in
Published 10 Jul, 2012 12:00am
Up to Rs 2.70 per litre cut in POL products' prices likely

Up to Rs 2.70 per litre cut in POL products' prices likely

Prices of Petrol, Compressed Natural Gas (CNG) and High Speed Diesel (HSD) are likely to go down by Rs 2.70 per litre, Rs 2.5 per litre and Re 1 per litre respectively, while prices of other Petroleum, Oil and Lubricants (POL) are expected to increase in
Published 10 Jul, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (July 09, 2012).

Published 10 Jul, 2012 12:00am
Up to Rs 2.70 per litre cut in POL products' prices likely

Up to Rs 2.70 per litre cut in POL products' prices likely

Prices of Petrol, Compressed Natural Gas (CNG) and High Speed Diesel (HSD) are likely to go down by Rs 2.70 per litre, Rs 2.5 per litre and Re 1 per litre respectively, while prices of other Petroleum, Oil and Lubricants (POL) are expected to increase in
Published 10 Jul, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (July 09, 2012).

Published 10 Jul, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (July 09, 2012).

Published 10 Jul, 2012 12:00am
Contempt Bill passed by National Assembly

Contempt Bill passed by National Assembly

The National Assembly on Monday passed "The Contempt of Court Bill, 2012" amid protest and walkout by Pakistan Muslim League-Nawaz (PML-N) against the Bill. The government also laid Validation Ordinance, 2012 in the House to validate acts, orders and othe
Published 10 Jul, 2012 12:00am
Contempt Bill passed by National Assembly

Contempt Bill passed by National Assembly

The National Assembly on Monday passed "The Contempt of Court Bill, 2012" amid protest and walkout by Pakistan Muslim League-Nawaz (PML-N) against the Bill. The government also laid Validation Ordinance, 2012 in the House to validate acts, orders and othe
Published 10 Jul, 2012 12:00am
Naqvi gets additional charge of TDAP, NICL

Naqvi gets additional charge of TDAP, NICL

Syed Tahir Raza Naqvi, Chairman Trading Corporation of Pakistan (TCP), has been given additional charge of Trade Development Authority of Pakistan (TDAP) and National Insurance Company Limited (NICL).
Published 10 Jul, 2012 12:00am
Naqvi gets additional charge of TDAP, NICL

Naqvi gets additional charge of TDAP, NICL

Syed Tahir Raza Naqvi, Chairman Trading Corporation of Pakistan (TCP), has been given additional charge of Trade Development Authority of Pakistan (TDAP) and National Insurance Company Limited (NICL).
Published 10 Jul, 2012 12:00am
Naqvi gets additional charge of TDAP, NICL

Naqvi gets additional charge of TDAP, NICL

Syed Tahir Raza Naqvi, Chairman Trading Corporation of Pakistan (TCP), has been given additional charge of Trade Development Authority of Pakistan (TDAP) and National Insurance Company Limited (NICL).
Published 10 Jul, 2012 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (July 09, 2012).

Published 10 Jul, 2012 12:00am
Commission's report: Supreme Court rejects Haqqani's application

Commission's report: Supreme Court rejects Haqqani's application

The Supreme Court (SC) on Monday turned down former ambassador to the US Hussain Haqqani's application through which he had objected to the Commission's report on Memogate scandal. The SC's institution branch returned the application to Advocate on Record
Published 10 Jul, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (July 09, 2012).

Published 10 Jul, 2012 12:00am
Commission's report: Supreme Court rejects Haqqani's application

Commission's report: Supreme Court rejects Haqqani's application

The Supreme Court (SC) on Monday turned down former ambassador to the US Hussain Haqqani's application through which he had objected to the Commission's report on Memogate scandal. The SC's institution branch returned the application to Advocate on Record
Published 10 Jul, 2012 12:00am
Arsalan-Riaz case: JIT decides to hold proceedings on daily basis

Arsalan-Riaz case: JIT decides to hold proceedings on daily basis

The Joint Investigation Team (JIT) constituted to inquire into the Arsalan Iftikhar case met Monday to finalise further course of action in the light of documents and information received from Malik Riaz Hussain as well as record obtained from the Supreme
Published 10 Jul, 2012 12:00am
Arsalan-Riaz case: JIT decides to hold proceedings on daily basis

Arsalan-Riaz case: JIT decides to hold proceedings on daily basis

The Joint Investigation Team (JIT) constituted to inquire into the Arsalan Iftikhar case met Monday to finalise further course of action in the light of documents and information received from Malik Riaz Hussain as well as record obtained from the Supreme
Published 10 Jul, 2012 12:00am
Government doubling capacity for Nato trucks

Government doubling capacity for Nato trucks

Pakistan is doubling the capacity for Nato trucks at a key border crossing, officials said Monday, to speed up processing for an expected influx of supplies for troops in Afghanistan. Customs officials at Torkham border crossing in the troubled north-west
Published 10 Jul, 2012 12:00am
Government doubling capacity for Nato trucks

Government doubling capacity for Nato trucks

Pakistan is doubling the capacity for Nato trucks at a key border crossing, officials said Monday, to speed up processing for an expected influx of supplies for troops in Afghanistan. Customs officials at Torkham border crossing in the troubled north-west
Published 10 Jul, 2012 12:00am
BRIndex30 up 39.24 points

BRIndex30 up 39.24 points

On Monday, BRIndex30 opened at 10,277.63. It touched an intraday high of 10,329.79 and an intraday low of 10,260.92 and closed at 10,316.87 which was 39.24 points or 0.38 percent higher than previous close. Total volume was 61,669,074, which was 68.87 per
Published 10 Jul, 2012 12:00am
BRIndex30 up 39.24 points

BRIndex30 up 39.24 points

On Monday, BRIndex30 opened at 10,277.63. It touched an intraday high of 10,329.79 and an intraday low of 10,260.92 and closed at 10,316.87 which was 39.24 points or 0.38 percent higher than previous close. Total volume was 61,669,074, which was 68.87 per
Published 10 Jul, 2012 12:00am
Index rises by 69.36 points

Index rises by 69.36 points

A bullish trend continued on the Karachi share market on Monday and the benchmark KSE-100 index increased by 69.36 points to close at 14,379.54 points. Although the market witnessed slight pressure during initial hours that forced the index into negative
Published 10 Jul, 2012 12:00am
Index rises by 69.36 points

Index rises by 69.36 points

A bullish trend continued on the Karachi share market on Monday and the benchmark KSE-100 index increased by 69.36 points to close at 14,379.54 points. Although the market witnessed slight pressure during initial hours that forced the index into negative
Published 10 Jul, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (July 09, 2012).

Published 10 Jul, 2012 12:00am
Index rises by 69.36 points

Index rises by 69.36 points

A bullish trend continued on the Karachi share market on Monday and the benchmark KSE-100 index increased by 69.36 points to close at 14,379.54 points. Although the market witnessed slight pressure during initial hours that forced the index into negative
Published 10 Jul, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (July 09, 2012).
Published 10 Jul, 2012 12:00am
Air India flight makes emergency landing

Air India flight makes emergency landing

An Air India flight bound for New Delhi with 130 people on board made an emergency landing in Nawabshah on Monday due to technical problems, aviation officials said. The Airbus A320 from Abu Dhabi made the unscheduled stop at Nawabshah airport, around 230
Published 10 Jul, 2012 12:00am
Air India flight makes emergency landing

Air India flight makes emergency landing

An Air India flight bound for New Delhi with 130 people on board made an emergency landing in Nawabshah on Monday due to technical problems, aviation officials said. The Airbus A320 from Abu Dhabi made the unscheduled stop at Nawabshah airport, around 230
Published 10 Jul, 2012 12:00am