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Print - 2012-07-14
Tobacco business runs smoothly

Tobacco business runs smoothly

Following fixation of tobacco price at Rs 121 per kg by the Pakistan Tobacco Board (PTB), smooth sale and purchase of the commodity has started in Swabi, Mardan and Charsadda districts. Industry sources told Business Recorder here on Friday that th
Published 14 Jul, 2012 12:00am
PML-N holds demonstration against contempt law

PML-N holds demonstration against contempt law

Activists of Pakistan Muslim League on Friday staged a demonstration against the approval of contempt of court amendment bill 2012 and dual nationality describing them to detrimental to country's prestige and sovereignty. The demo was led by Saifur-Rehman
Published 14 Jul, 2012 12:00am
PIAF concerned over power tariff hike

PIAF concerned over power tariff hike

Pakistan Industrial and Traders Associations Front (PIAF) has shown grave concern on Rs 1.51 per unit hike in the electricity tariff on the pretext of fuel adjustment and summary of Rs 2 per unit further increase in the name of subsidy removal.
Published 14 Jul, 2012 12:00am
PEF's workshop concludes

PEF's workshop concludes

A two-day workshop arranged by the Punjab Education Foundation (PEF) for the capacity building of its subject specialists, deputed in low-cost private schools in 24 districts with the view to enhance the quality of education, has concluded here on Friday
Published 14 Jul, 2012 12:00am
Japan's envoy reiterates his country's support to Pakistan

Japan's envoy reiterates his country's support to Pakistan

Ambassador of Japan, Hiroshi Oe on Friday said Japan considers Pakistan as a major development partner and the two countries will continue to support each other as true friends. According to the details released by the Federation of Pakistan Chamber of Co
Published 14 Jul, 2012 12:00am
Aussie and New Zealand $ breathe easier

Aussie and New Zealand $ breathe easier

The Australian and New Zealand dollars staged a relief rally on Friday as markets took heart after China's economic data was not as bad as feared, helping ease worries of a hard landing for the world's second biggest economy. The Aussie rose as high as $1
Published 14 Jul, 2012 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee rallied on Friday to notch its third consecutive weekly gain after a narrowing trade deficit helped ease concerns about the country's fiscal outlook, while signs of foreign flows also helped.
Published 14 Jul, 2012 12:00am
Dollar and yen climb; euro slumps

Dollar and yen climb; euro slumps

Concerns about a slowing global economy prompted investors to seek safety on Thursday, driving the dollar and yen sharply higher and the euro to a two-year low against the US currency. South Korea's surprise rate cut on Thursday, following Brazil's 50 bas
Published 14 Jul, 2012 12:00am
Aussie $ up in Asia

Aussie $ up in Asia

The euro hovered near a two-year low versus the dollar on Friday after Moody's cut Italy's credit rating, while the Australian dollar rose as China's second quarter growth met expectations. The Australian dollar rose 0. 3 percent to $1.01 69, boosted by d
Published 14 Jul, 2012 12:00am
Early trade in New York: euro springs back

Early trade in New York: euro springs back

The euro rose against the dollar for the first time in four days on Friday, bouncing from a two-year low as Chinese economic data mitigated concerns about global growth, prompting investors to take on risk and pare bets against the single currency.
Published 14 Jul, 2012 12:00am
Yuan ends down

Yuan ends down

The yuan ended down slightly against the dollar on Friday as the US currency rallied, though traders said a relatively strong central bank midpoint kept losses in check. The dollar index, which tracks the greenback's value against a basket of major curren
Published 14 Jul, 2012 12:00am
China's GDP supports Asia forex trade

China's GDP supports Asia forex trade

Most emerging Asian currencies turned higher on Friday as investors covered short positions after China's growth data provided brief support, but most regional units were set for weekly losses on worries about the slowing global economy. Early in the day,
Published 14 Jul, 2012 12:00am
Franc hovers near recent lows

Franc hovers near recent lows

The Swiss hovered near the previous session's 19-month low against the dollar on Friday, after ratings agency Moody's cut Italy's credit rating, raising the prospect of further turmoil in euro zone markets. Since the Swiss National Bank set a cap of 1.20
Published 14 Jul, 2012 12:00am
Sterling hits 3-1/2 years high against euro

Sterling hits 3-1/2 years high against euro

Sterling rose to a 3-1/2 years high against a broadly lower euro on Friday after Moody's downgraded Italy and investors sold Europe's common currency in favour of perceived safer alternatives.
Published 14 Jul, 2012 12:00am
Three Americans killed in French private jet crash

Three Americans killed in French private jet crash

Three Americans were killed when a private jet crashed and burst into flames at a small airport in southern France on Friday, the prefecture of the Var region confirmed.
Published 14 Jul, 2012 12:00am
Anti-government protesters clash with police in Maldives

Anti-government protesters clash with police in Maldives

Police in the Maldives arrested at least 55 anti-government protesters Friday following violent clashes with security forces in the capital Male. Nine officers were injured in the violence, which police spokesman Hassan Haneef said was instigated by suppo
Published 14 Jul, 2012 12:00am
Indonesian Islamic hardliners vow jihad for Rohingyas

Indonesian Islamic hardliners vow jihad for Rohingyas

Hundreds of Islamic hardliners protested outside the Myanmar embassy in the Indonesian capital Jakarta on Friday to "stop the genocide" of Rohingya Muslims in the wake of deadly communal unrest. Around 300 hardliners from organisations, including the Isla
Published 14 Jul, 2012 12:00am
Britain foiled Iran nuclear-weapon drive

Britain foiled Iran nuclear-weapon drive

Britain's foreign intelligence chief believes his agents prevented Iran from acquiring nuclear weapons but that the pariah state will become armed within two years, the Daily Telegraph reported Friday.
Published 14 Jul, 2012 12:00am
US indicts Iranian, Chinese for nuclear export plot

US indicts Iranian, Chinese for nuclear export plot

A federal grand jury has indicted two men, one from Iran and the other from China, on charges of conspiring to send materials from the United States to Iran for the purpose of enriching uranium, the US Justice Department said on Friday.
Published 14 Jul, 2012 12:00am
Afghan bombs kill Nato soldier, two civilians

Afghan bombs kill Nato soldier, two civilians

A Nato soldier, an Afghan official and her husband were killed and three civilians injured in two bombings Friday in southern and eastern Afghanistan, officials said.
Published 14 Jul, 2012 12:00am
Bomb kills head of women's affairs in Afghan east

Bomb kills head of women's affairs in Afghan east

A regional head of women's affairs was targeted and killed by a car bomb in Afghanistan's east on Friday, officials said, the latest act of brazen violence against women in the country. Hanifa Safi was killed when driving through the capital of Laghman pr
Published 14 Jul, 2012 12:00am
The Weather

The Weather

The weather report on Friday (July 13, 2012) and the forecast for Saturday (July 14, 2012).

Published 14 Jul, 2012 12:00am
Russia speeds law on rights groups, snubbing US

Russia speeds law on rights groups, snubbing US

The Russian government rushed a law through parliament on Friday which will tighten controls on civil rights groups and has strained relations with the United States, which fears a crackdown on opponents of President Vladimir Putin.
Published 14 Jul, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 10, 2012.

Published 14 Jul, 2012 12:00am
Clinton holds landmark talks with Myanmar leader

Clinton holds landmark talks with Myanmar leader

US Secretary of State Hillary Clinton held landmark talks Friday with Myanmar President Thein Sein as he pleaded for the global community to end decades of isolation for his nation.
Published 14 Jul, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 10, 2012.

Published 14 Jul, 2012 12:00am
Ethiopian journalist gets 18 years for 'terrorism'

Ethiopian journalist gets 18 years for 'terrorism'

An Ethiopian court on Friday jailed a journalist for 18 years for "terrorism" and 23 other reporters and activists for between eight years and life, in sentences condemned by rights groups. Journalist Eskinder Nga and opposition member Andualem Arage had
Published 14 Jul, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 10, 2012.

Published 14 Jul, 2012 12:00am
US probes Michelle Obama death threat

US probes Michelle Obama death threat

The US Secret Service said Thursday it was investigating a police officer in Washington after he allegedly made a death threat against First Lady Michelle Obama. "We're aware of the incident, and we're going to take appropriate investigative steps," spoke
Published 14 Jul, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 13, 2012).

Published 14 Jul, 2012 12:00am
South African train collides with truck, killing 26

South African train collides with truck, killing 26

A train crashed into a truck in north-eastern South Africa on Friday, killing 26 people, mostly farmworkers, officials said. Paramedics said 26 people were injured. Nineteen people were declared dead at the scene, and the toll has continued to rise.
Published 14 Jul, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 13, 2012).

Published 14 Jul, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 14 Jul, 2012 12:00am
KESC rejects KWSB Allegations

KESC rejects KWSB Allegations

Karachi Electric Supply Company (KESC) has rejected the Water Board's allegations, that the power utility is conducting load shedding at its pumping stations. According to KESC, the actual intention behind the allegation was to extort total funding for re
Published 14 Jul, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 14 Jul, 2012 12:00am
Fresh tender for procurement of 50,000 tons of urea issued

Fresh tender for procurement of 50,000 tons of urea issued

Following relaxation in rules by Public Procurement Regulatory Authority (PPRA), Trading Corporation of Pakistan (TCP) has decided to import urea on urgent basis and complete procurement for Kharif season in next two weeks.
Published 14 Jul, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (July 13, 2012).

Published 14 Jul, 2012 12:00am
PIAF congratulates Chairman FBR

PIAF congratulates Chairman FBR

The Chairman Pakistan Industrial and Traders Associations Front (PIAF) Sohail Lashari congratulates newly appointed Chairman Federal Board of Revenue (FBR) Ali Arshad Hakeem. The PIAF Chairman on Friday said that the newly appointed Chairman FBR Ali Arsha
Published 14 Jul, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (July 13, 2012) and for Saturday (July 14, 2012).
Published 14 Jul, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (July 13, 2012).

Published 14 Jul, 2012 12:00am
Seminar for slow learners held

Seminar for slow learners held

Foundation for Rehabilitation and Education of Slow Children (FRESH) organised a seminar on the completion of Pakistan Association for Difficulties in Learning (PADIL) awareness campaign about the slow learners facing Attention Deficit Disorder (ADD), Att
Published 14 Jul, 2012 12:00am
Social media can help strengthen Indo-Pak ties: CG

Social media can help strengthen Indo-Pak ties: CG

US Consul General William Martin on Friday said social media could be used for strengthening ties between two great countries- Pakistan and India. Inaugurating Pakistan-India Social Media Mela (SMM) 2012 organized by PeaceNiche in collaboration with US Co
Published 14 Jul, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (July 13, 2012).

Published 14 Jul, 2012 12:00am
Professor Shaukat made Principal AIMC

Professor Shaukat made Principal AIMC

Punjab government transferred Professor Mehmood Shaukat, Professor of Pediatrics of King Edward Medical University (KEMU) with immediate effect and posted him as Prinicipal Allama Iqbal Medical College (AIMC) vice Professor Dr Javed Akram who has been tra
Published 14 Jul, 2012 12:00am
Port Qasim Authority

Port Qasim Authority

Karachi Shipping Intelligence Port Qasim Authority report incorporating changes till 7 am on Friday (July 13, 2012).

Published 14 Jul, 2012 12:00am
KBP urges strict legislation against land grabbers

KBP urges strict legislation against land grabbers

Kisan Board Pakistan (KBP) has urged the rulers to bring in a strict legislation to save the government and private land from 'land grabbers' especially those who have grabbed hundred of thousands acres of land of 'pond areas' attached with 14 head-works
Published 14 Jul, 2012 12:00am
Port Qasim Authority

Port Qasim Authority

Karachi Shipping Intelligence Port Qasim Authority report incorporating changes till 7 am on Friday (July 13, 2012).

Published 14 Jul, 2012 12:00am
Inauguration of Khan Khwar hydropower project today

Inauguration of Khan Khwar hydropower project today

The 72 mega watt (MW) Khan Khwar High-head Hydropower Project will be formally inaugurated on Saturday (today). The project will provide 306 million units of low-cost electricity per annum to the National Grid. Annual benefits of the project have been est
Published 14 Jul, 2012 12:00am
LSE Index recomposed

LSE Index recomposed

Lahore Stock Exchange (G) Limited has recomposed LSE-25 Index on the basis of the top volume leader companies for the period from July 1, 2011 to June 30, 2012. The Exchange carried out an exercise to recompose the LSE-25 Index in accordance with its poli
Published 14 Jul, 2012 12:00am
THE RUPEE: rates easier

THE RUPEE: rates easier

The dollar maintained its supremacy against the rupee on the currency market on Friday amid persisting demand for greenback, money experts said.
Published 14 Jul, 2012 12:00am
THE RUPEE: rates easier

THE RUPEE: rates easier

The dollar maintained its supremacy against the rupee on the currency market on Friday amid persisting demand for greenback, money experts said.
Published 14 Jul, 2012 12:00am
RPTW to raise voice against corruption

RPTW to raise voice against corruption

Rafi Peer Theater Workshop (RPTW) will raise its voice on every forum of the world against the involvement of the company in the alleged corruption of 20 million dollars in the United States Agency for International Development (USAID) funded programme, "
Published 14 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (July 13, 2012).

Published 14 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (July 13, 2012).

Published 14 Jul, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (July 13, 2012).

Published 14 Jul, 2012 12:00am
Over Rs 19 billion recovered through audit of withholding agents

Over Rs 19 billion recovered through audit of withholding agents

Directorate General of Withholding Taxes, Federal Board of Revenue (FBR) has recovered a record amount of over Rs 19 billion through audit of withholding agents including banks, Pakistan Post Office, government departments, private and public limited comp
Published 14 Jul, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (July 13, 2012).

Published 14 Jul, 2012 12:00am
Factors behind export woes

Factors behind export woes

Poorly negotiated Free Trade Agreements (FTAs), Preferential Trade Agreements (PTAs), energy crisis, deteriorating law and order situation, economic crisis in Euro Zone, persisting irritants in relations with the United States are cited as key factors for
Published 14 Jul, 2012 12:00am
PTI condemns killings in Balochistan

PTI condemns killings in Balochistan

Leaders of Pakistan Tehreek-e-Insaf (PTI) on Friday condemned the bomb blast near an ANP rally which killed four persons in Quetta. They also condemned the killing of seven coal miners elsewhere in Balochistan.
Published 14 Jul, 2012 12:00am
Routes for Nato containers specified

Routes for Nato containers specified

The government has specified routes for transportation of Isaf/Nato containers to provide security to these consignments from Karachi to Torkham and Chaman till entry into Afghanistan. Sources told Business Recorder here on Friday that the first de
Published 14 Jul, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Jul, 2012 12:00am
Rasool Park tragedy: Shahbaz visits injured

Rasool Park tragedy: Shahbaz visits injured

Punjab Chief Minister Muhammad Shahbaz Sharif expressed his firm resolve to thwart the nefarious designs of terrorists through forging unity so as to transform Pakistan into a heaven of peace and tranquillity.
Published 14 Jul, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Jul, 2012 12:00am
Hakeem looks forward to documenting 'black economy'

Hakeem looks forward to documenting 'black economy'

The new FBR Chairman, Ali Arshad Hakeem, appears to be very keen to bring the so-called 'black economy' into formal regime. Tax authorities, it is learnt, consider implementation on SRO191(I)/2011 a major step taken last year. Experts told Business Rec
Published 14 Jul, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 14 Jul, 2012 12:00am
Minister and PIA chief executive discuss Hajj arrangements

Minister and PIA chief executive discuss Hajj arrangements

Syed Khursheed Ahmed Shah, Minister of Religious Affairs discussed arrangements for Hajj 2012 at a meeting with Chairman & CEO PIA, Air Chief Marshal Rao Qamar Suleman (Retired) at PIA Head Office here on Friday evening.
Published 14 Jul, 2012 12:00am
Punjab Assembly summoned

Punjab Assembly summoned

Speaker Punjab Assembly Rana Muhammad Iqbal summons the session of Punjab Assembly on Monday (3:00pm). The session has been called on the requisition of opposition.
Published 14 Jul, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 Jul, 2012 12:00am
Fauji Fertilizer's profit after tax declines

Fauji Fertilizer's profit after tax declines

The profit after tax of Fauji Fertilizer Bin Qasim Limited has declined to Rs643.860 million in the half year period ended June 30, 2012 as compared to Rs3,513.626 million earned in the corresponding period in 2011. The Board of Directors of the company i
Published 14 Jul, 2012 12:00am
Fauji Fertilizer's profit after tax declines

Fauji Fertilizer's profit after tax declines

The profit after tax of Fauji Fertilizer Bin Qasim Limited has declined to Rs643.860 million in the half year period ended June 30, 2012 as compared to Rs3,513.626 million earned in the corresponding period in 2011. The Board of Directors of the company i
Published 14 Jul, 2012 12:00am
Prime Minister orders supply of water from Mirani Dam to Gwadar

Prime Minister orders supply of water from Mirani Dam to Gwadar

Prime Minister Raja Pervez Ashraf has directed to make arrangements to supply water from Mirani Dam to Gwadar besides increasing capacity of Ankra Dam Gwadar. He said this in a briefing given by Pakistan Navy officials who called on him at Governor's Hous
Published 14 Jul, 2012 12:00am
Flood protection arrangements reviewed

Flood protection arrangements reviewed

Punjab Minister for Irrigation Malik Ahmad Ali claimed here on Friday that the provincial irrigation department has completed fool proof arrangements to meet any possible flood situation. Continuous monitoring after repair of dykes is under way and all th
Published 14 Jul, 2012 12:00am
Moderate Taliban want peace: US

Moderate Taliban want peace: US

Moderate Taliban figures have expressed interest in the fragile peace process, the outgoing US ambassador to Afghanistan said Thursday, referring to a deal that appears even more elusive with this summer's rash of suicide attacks and bombings.
Published 14 Jul, 2012 12:00am
Moderate Taliban want peace: US

Moderate Taliban want peace: US

Moderate Taliban figures have expressed interest in the fragile peace process, the outgoing US ambassador to Afghanistan said Thursday, referring to a deal that appears even more elusive with this summer's rash of suicide attacks and bombings.
Published 14 Jul, 2012 12:00am