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Print - 2012-08-01
Export-related work: Mintex moving towards taking full responsibility?

Export-related work: Mintex moving towards taking full responsibility?

Ministry of Textile Industry (Mintex), it appears is moving in a subtle way to take total responsibility of export related work, leaving Ministry of Commerce and Trade Development Authority of Pakistan (TDAP) to work as dummy departments. These observatio
Published 01 Aug, 2012 12:00am
KCDR, ICAP sign MoU

KCDR, ICAP sign MoU

A Memorandum of Understanding (MoU) was signed between the Karachi Centre for Dispute Resolution (KCDR) and the Institute of Chartered Accountants of Pakistan (ICAP) recently. The MoU was signed by the President ICAP Rashid Rahman Mir and President KCDR,
Published 01 Aug, 2012 12:00am
Marble sector badly hurt by lawlessness

Marble sector badly hurt by lawlessness

Exports and manufacturing of marble have been badly affected by the increasing number of extortion and street crimes in the violence hit Qasba Colony, where at least 350 marble manufacturing factories are existing. The hundreds of industrial units of marb
Published 01 Aug, 2012 12:00am
Hot, humid weather forecast

Hot, humid weather forecast

As rapid development of El-Nino conditions (ie, warming of Tropical Pacific Ocean) have suppressed the monsoon over parts of South Asia leading to deficient rains over Pakistan. Met Office forecast mainly hot and humid weather in most parts of the country
Published 01 Aug, 2012 12:00am
Ebrahim urged to re-verify voter lists

Ebrahim urged to re-verify voter lists

All Pakistan Muslim League (APML) former President Pervez Musharraf has made an appeal to Chief Election Commissioner Justice Fakhruddin G Ebrahim (Retd) to arrange rechecking of voters lists in order to remove fake votes from voters' lists. Reacting to i
Published 01 Aug, 2012 12:00am
Musharraf felicitates engineer Aga

Musharraf felicitates engineer Aga

Chief of All Pakistan Muslim League (APML) Pervez Musharraf felicitated engineer Aga Waqar on successfully running a vehicle through water and said he is a pride and honour for Pakistan. According to an APML Central Information Secretariat press release i
Published 01 Aug, 2012 12:00am
Protest demonstrations: young doctors advised to approach court

Protest demonstrations: young doctors advised to approach court

The Lahore High Court here on Tuesday advised the young doctors to approach the court for the redressal of their grievances instead of resorting to agitation. The court was hearing a petition seeking cancellation of licenses of striking doctors. A law off
Published 01 Aug, 2012 12:00am
Federal government employees not likely to get August salary

Federal government employees not likely to get August salary

Federal government employees, except for those working in public sector corporations, are unlikely to get their salaries on August 1 (today), as protesting employees of the Accountant-General of Pakistan (AGP) have not prepared their payrolls.
Published 01 Aug, 2012 12:00am
CCoR accused of failing to help improve PIA's performance

CCoR accused of failing to help improve PIA's performance

The Cabinet Committee on Restructuring (CCOR) has failed to take any tangible decision to improve the performance of Pakistan International Airlines (PIA) during the last three years. A PIA official told this correspondent on condition of anonymity that t
Published 01 Aug, 2012 12:00am
Financial embezzlement: senior PSM officials to be quizzed by PAC

Financial embezzlement: senior PSM officials to be quizzed by PAC

The Public Accounts Committee (PAC) is to quiz senior Pakistan Steel Mills (PSM) officials, including its CEO, over financial embezzlement in Pakistan Steel Mills (PSM) and the implementation status of PAC directives in 2010. PSM's production under the su
Published 01 Aug, 2012 12:00am
'PEF to provide free education to deserving students'

'PEF to provide free education to deserving students'

The Punjab Education Foundation (PEF) is providing free education up to Matriculation level to 40,000 deserving students through 419 partner schools under its New School Programme (NSP) intended to promote gratis education in under-developed areas, Chairm
Published 01 Aug, 2012 12:00am
Prime Minister likely to visit PSM this month

Prime Minister likely to visit PSM this month

Prime Minister Raja Pervez Ashraf is likely to visit Pakistan Steel Mills (PSM) in the next couple of weeks to formally announce bailout package for revival of mill and relief for employees. Sources said Prime Minister has assured Major General Muhammad J
Published 01 Aug, 2012 12:00am
ICAP announces summer 2012 results

ICAP announces summer 2012 results

The Institute of Chartered Accountants of Pakistan (ICAP) has announced the results of final examinations held in June this year. The following are the final examinations summer 2012 results:
Published 01 Aug, 2012 12:00am
HIV/AIDS cases in Karachi's prisons on the rise

HIV/AIDS cases in Karachi's prisons on the rise

The cases of HIV/AIDS in Karachi's prisons are increasing at alarming rate as the prisoners are without proper medications, it is learnt. Prisoners in Karachi jails were screened for HIV/AIDS last year. They said that some hundred prisoners were tested po
Published 01 Aug, 2012 12:00am
Mitchell's Fruit Farms Limited

Mitchell's Fruit Farms Limited

The oldest food and beverage production and processing company in Pakistan, Mitchell's Fruit Farms Limited was established back in 1933 by Frances J. Mitchell. Since its days of inception Mitchell's Fruit Farms Ltd has come a long way to become one of the
Published 01 Aug, 2012 12:00am
Mitchell's Fruit Farms Limited

Mitchell's Fruit Farms Limited

The oldest food and beverage production and processing company in Pakistan, Mitchell's Fruit Farms Limited was established back in 1933 by Frances J. Mitchell. Since its days of inception Mitchell's Fruit Farms Ltd has come a long way to become one of the
Published 01 Aug, 2012 12:00am
Post-devolution: Sindh government initiating two new Zakat schemes

Post-devolution: Sindh government initiating two new Zakat schemes

Following devolution of Federal Zakat and Ushr Ministry to the provinces, Sindh government has initiated launching of new schemes of Zakat for the poor people. Provincial Zakat and Ushr Department will launch two new schemes - "Social Welfare and Rehabili
Published 01 Aug, 2012 12:00am
Enforce constitution in Balochistan, CJP asks governments again

Enforce constitution in Balochistan, CJP asks governments again

The Supreme Court on Tuesday re-directed the federal and Balochistan governments to ensure enforcement of constitution in the province for protection of life and property of people. The court also directed the concerned officials to take steps against tho
Published 01 Aug, 2012 12:00am
Advocate Nadeem acquitted in NAB case

Advocate Nadeem acquitted in NAB case

Senior Advocate Nadeem Ahmed, who was allegedly nominated in a National Accountability Bureau (NAB) reference, was acquitted on Tuesday. While granting the application under section 265 k of the Criminal Procedure Code, the Judge of the NAB court observed
Published 01 Aug, 2012 12:00am
The Weather

The Weather

The weather report on Tuesday (July 31, 2012) and the forecast for Wednesday (August 01, 2012).

Published 01 Aug, 2012 12:00am
LPG price up Rs 19 per kg

LPG price up Rs 19 per kg

The price of Liquefied Petroleum Gas (LPG) has registered an increase of Rs 19 per kg following the increase in Saudi Aramco Contract Price of LPG for August by $173 per ton. The Saudi Aramco announced on Tuesday an increase of $173 per ton in the price o
Published 01 Aug, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 31, 2012).

Published 01 Aug, 2012 12:00am
PML-N, PTI decline to participate in APC

PML-N, PTI decline to participate in APC

Pakistan Muslim League (PML-N) and Pakistan Tehreek-e-Insaf (PTI) on Tuesday declined participation in the ANP sponsored All Parties Conference (APC) on energy crisis in the country. Addressing a press conference here in Peshawar Press Club (PPC), Senior
Published 01 Aug, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 31, 2012).

Published 01 Aug, 2012 12:00am
Zardari inaugurates first ever road safety institute

Zardari inaugurates first ever road safety institute

President Asif Ali Zardari on Tuesday inaugurated Road Safety Institute Islamabad, the first ever road safety institute of the country. Established by National Highways and Motorways Police, the Institute would impart traffic education and sensitise the d
Published 01 Aug, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 01 Aug, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 01 Aug, 2012 12:00am
Khairpur bridge road project: land acquisition officer nominated

Khairpur bridge road project: land acquisition officer nominated

On the recommendation of Deputy Commissioner/Collector Larkana, and in exercise of power conferred under section 3-of Land Acquisition Act 1894, the Commissioner Larkana division has nominated concerned Assistant Commissioner, Bakrani/Larkana to perform t
Published 01 Aug, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 31, 2012).

Published 01 Aug, 2012 12:00am
UET announces exam schedule

UET announces exam schedule

The University of Engineering and Technology on Tuesday announced examination schedule for B.Tech, First and Second Year (four years program), New Course and B.Tech Part-I & II (Pass & Honours) Old Course Annual Examination 2011. According to the notifica
Published 01 Aug, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 31, 2012).

Published 01 Aug, 2012 12:00am
Delayed purchase of tobacco causes loss to growers

Delayed purchase of tobacco causes loss to growers

Tobacco growers faced millions of rupees loss due to delay in purchase of the crop, as usual they were exploited by the middle man, who bought the produce at Rs 110-115 per kg. Haji Nemat Shah, Senior Vice-President Anjuman-e Kashtkaran, KPK said while ta
Published 01 Aug, 2012 12:00am
Eurozone unemployment at record high

Eurozone unemployment at record high

Inflation in the euro zone remained steady for the third straight month in July, offering little comfort to consumers at a time when the number of people out of work continues to climb and the unemployment rate is at a record high. Joblessness in the euro
Published 01 Aug, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (July 31, 2012).

Published 01 Aug, 2012 12:00am
Eurozone unemployment at record high

Eurozone unemployment at record high

Inflation in the euro zone remained steady for the third straight month in July, offering little comfort to consumers at a time when the number of people out of work continues to climb and the unemployment rate is at a record high. Joblessness in the euro
Published 01 Aug, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 31, 2012).

Published 01 Aug, 2012 12:00am
Eurozone unemployment at record high

Eurozone unemployment at record high

Inflation in the euro zone remained steady for the third straight month in July, offering little comfort to consumers at a time when the number of people out of work continues to climb and the unemployment rate is at a record high. Joblessness in the euro
Published 01 Aug, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 31, 2012).

Published 01 Aug, 2012 12:00am
Prices of POL products, CNG increased

Prices of POL products, CNG increased

The government on Tuesday increased petroleum products'' prices by up to Rs 7.67 per litre, while the price of Compressed Natural Gas (CNG) was also raised by Rs 7.02 per kge, effective from Wednesday (today) for the next fortnight.
Published 01 Aug, 2012 12:00am
Prices of POL products, CNG increased

Prices of POL products, CNG increased

The government on Tuesday increased petroleum products' prices by up to Rs 7.67 per litre, while the price of Compressed Natural Gas (CNG) was also raised by Rs 7.02 per kge, effective from Wednesday (today) for the next fortnight.
Published 01 Aug, 2012 12:00am
Prices of POL products, CNG increased

Prices of POL products, CNG increased

The government on Tuesday increased petroleum products' prices by up to Rs 7.67 per litre, while the price of Compressed Natural Gas (CNG) was also raised by Rs 7.02 per kge, effective from Wednesday (today) for the next fortnight.
Published 01 Aug, 2012 12:00am
THE RUPEE: steady trend

THE RUPEE: steady trend

The rupee-dollar parity fluctuated slightly on the currency market on Tuesday in process of trading, dealers said. There is a usual case of less speculative activities during the month of Ramadan; so the volatility is seemingly low lately. The rupee is li
Published 01 Aug, 2012 12:00am
THE RUPEE: steady trend

THE RUPEE: steady trend

The rupee-dollar parity fluctuated slightly on the currency market on Tuesday in process of trading, dealers said. There is a usual case of less speculative activities during the month of Ramadan; so the volatility is seemingly low lately. The rupee is li
Published 01 Aug, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (July 31, 2012).

Published 01 Aug, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (July 31, 2012).

Published 01 Aug, 2012 12:00am
Arsalan/Riaz case: Supreme Court asks NAB to stop probe for three days

Arsalan/Riaz case: Supreme Court asks NAB to stop probe for three days

The Supreme Court on Tuesday issued directives to National Accountability Bureau to stop the probe into alleged business deals between Chief Justice's son Dr Arsalan Iftikhar and real estate tycoon Riaz Hussain Malik for three days to make the investigati
Published 01 Aug, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (July 31, 2012).

Published 01 Aug, 2012 12:00am
Arsalan/Riaz case: Supreme Court asks NAB to stop probe for three days

Arsalan/Riaz case: Supreme Court asks NAB to stop probe for three days

The Supreme Court on Tuesday issued directives to National Accountability Bureau to stop the probe into alleged business deals between Chief Justice's son Dr Arsalan Iftikhar and real estate tycoon Riaz Hussain Malik for three days to make the investigati
Published 01 Aug, 2012 12:00am
Syria foes bolster forces for long Aleppo battle

Syria foes bolster forces for long Aleppo battle

Syrian troops and rebels poured into commercial capital Aleppo Tuesday as both sides battened down for the long haul after 40 police were killed on day four of a pivotal battle in the nearly 17-month conflict. A Damascus security source said the offensive
Published 01 Aug, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (July 31, 2012).

Published 01 Aug, 2012 12:00am
Syria foes bolster forces for long Aleppo battle

Syria foes bolster forces for long Aleppo battle

Syrian troops and rebels poured into commercial capital Aleppo Tuesday as both sides battened down for the long haul after 40 police were killed on day four of a pivotal battle in the nearly 17-month conflict. A Damascus security source said the offensive
Published 01 Aug, 2012 12:00am
Prime Minister reconstitutes ECC, ECNEC

Prime Minister reconstitutes ECC, ECNEC

Prime Minister Raja Pervez Asharaf on Tuesday reconstituted a 13-member Economic Co-ordination Committee of the Cabinet (ECC) with Federal Minister for Finance Dr Abdul Hafeez Shaikh as its Chairman.
Published 01 Aug, 2012 12:00am
Prime Minister reconstitutes ECC, ECNEC

Prime Minister reconstitutes ECC, ECNEC

Prime Minister Raja Pervez Asharaf on Tuesday reconstituted a 13-member Economic Co-ordination Committee of the Cabinet (ECC) with Federal Minister for Finance Dr Abdul Hafeez Shaikh as its Chairman.
Published 01 Aug, 2012 12:00am
Farooq Awan appointed new PTA Chairman

Farooq Awan appointed new PTA Chairman

The government on Tuesday appointed Farooq Ahmed Awan Secretary IT as new Chairman Pakistan Telecommunication Authority (PTA), it is learnt. Dr Mohammad Yaseen had vacated the PTA Chairmanship slot on July 23, after completing his four-year service term.
Published 01 Aug, 2012 12:00am
Farooq Awan appointed new PTA Chairman

Farooq Awan appointed new PTA Chairman

The government on Tuesday appointed Farooq Ahmed Awan Secretary IT as new Chairman Pakistan Telecommunication Authority (PTA), it is learnt. Dr Mohammad Yaseen had vacated the PTA Chairmanship slot on July 23, after completing his four-year service term.
Published 01 Aug, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Aug, 2012 12:00am
Farooq Awan appointed new PTA Chairman

Farooq Awan appointed new PTA Chairman

The government on Tuesday appointed Farooq Ahmed Awan Secretary IT as new Chairman Pakistan Telecommunication Authority (PTA), it is learnt. Dr Mohammad Yaseen had vacated the PTA Chairmanship slot on July 23, after completing his four-year service term.
Published 01 Aug, 2012 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 01 Aug, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Aug, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Aug, 2012 12:00am
Visa scandal: I have only released a trailer, says Asad

Visa scandal: I have only released a trailer, says Asad

The central character in Olympic visa scandal, Muhammad Ali Asad in an interview given to a local TV channel on Tuesday said he was all set to release more videos to expose the reality of the passport system that is in place in Pakistan. "I have only rele
Published 01 Aug, 2012 12:00am
Nine suspects injured in 'drone attacks' detained from hospital

Nine suspects injured in 'drone attacks' detained from hospital

Shahrah Faisal police on Tuesday detained some nine suspects, who got injured in drone attacks in Waziristan and Afghanistan, from a private hospital in Gulistan-e-Jauhar area. Police officials said that these detained persons, who are said to be militant
Published 01 Aug, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Aug, 2012 12:00am
Two Rangers' personnel among four killed in Karachi

Two Rangers' personnel among four killed in Karachi

The unabated incidents of targeted killings continued in the city as four more persons including two Rangers' personnel and an excise officer were killed in separate incidents in various parts of the metropolis here on Tuesday. According to police and res
Published 01 Aug, 2012 12:00am
US imposes new sanctions on Iran oil sector

US imposes new sanctions on Iran oil sector

US President Barack Obama imposed new economic sanctions Tuesday targeting Iran's oil export sector and a pair of Chinese and Iraqi banks accused of doing business with Tehran. In a statement released by the White House, Obama said the new measures underl
Published 01 Aug, 2012 12:00am
ISE index improves 11.68 points

ISE index improves 11.68 points

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 11.68 points as the ISE Ten Index moved from 2,876.91
Published 01 Aug, 2012 12:00am
ISE index improves 11.68 points

ISE index improves 11.68 points

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 11.68 points as the ISE Ten Index moved from 2,876.91
Published 01 Aug, 2012 12:00am
LSE index gains 10.29 points

LSE index gains 10.29 points

Equities on Tuesday moved both ways on the Lahore Stock Exchange and finally settled in green zone amid marginally improved trading turnover due to fresh buying in select scrips. The LSE-25 index gained 10.29 points and was closed at 3650.2 against 3639.9
Published 01 Aug, 2012 12:00am
LSE index gains 10.29 points

LSE index gains 10.29 points

Equities on Tuesday moved both ways on the Lahore Stock Exchange and finally settled in green zone amid marginally improved trading turnover due to fresh buying in select scrips. The LSE-25 index gained 10.29 points and was closed at 3650.2 against 3639.9
Published 01 Aug, 2012 12:00am
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