News Archives for Print - 2012-09-11 - Business Recorder

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Print - 2012-09-11

Nadra establishes information security department

Nadra establishes information security department

National Database and Registration Authority (Nadra) has assured the citizens of Pakistan that their data is fully secure, and no incidents of data breach have ever been recorded to date, Nadra spokesperson stated this in a statement issued here on Monday

Published 11 Sep, 2012 12:00am

Fazl urges India to resolve Kashmir dispute

Fazl urges India to resolve Kashmir dispute

Chairman Parliamentary Special Committee on Kashmir Maulana Fazlur Rehman has urged India to resolve the Kashmir issue for a durable peace in the region. In a statement issued here on Monday he welcomed the recent visit of Indian Foreign Minister S M Kris

Published 11 Sep, 2012 12:00am

Palpa suggests measures to avoid accidents

Palpa suggests measures to avoid accidents

Pakistan Airline Pilots' Association (Palpa), despite other technical analysis of the incident of PK 653 landing accident in Lahore on August 31, has suggested to the Civil Aviation Authority to immediately take following steps to avoid the incidents of t

Published 11 Sep, 2012 12:00am

KTML rectifies default of Listing Regulation

KTML rectifies default of Listing Regulation

Khyber Textile Mills Limited has rectified the default of Listing Regulation. The ordinary shares of the company have been declared eligible for book entry transactions by the Central Depository Company of Pakistan Limited (CDC) with effect from August 17

Published 11 Sep, 2012 12:00am

48 Indian fishermen released

48 Indian fishermen released

Some 48 Indian fishermen were released from Malir jail here on Monday. According to official sources, Pakistan is keen to strengthen bilateral relations and to resolve every issue on the table. Therefore, the release orders of some 48 Indian fishermen, wh

Published 11 Sep, 2012 12:00am

Silkbank introduces credit card

Silkbank introduces credit card

Silkbank has introduced credit card, which is chip-based and having EMV compliance that make it more secure that a non-chip card. "Silkbank is making expeditious moves to achieve its vision of excellence in premier banking and the introduction of an innov

Published 11 Sep, 2012 12:00am

Two agreements signed; project has euro 600 million value

Two agreements signed; project has euro 600 million value

The following two agreements were signed on Monday during the Brno International Trade and Machinery Fare for Pakistan's 1.2 million tons/annum steel billets-making plant and a 300MW coal-fired power plant at Bin Qasim Town, Karachi: co-operation agreemen

Published 11 Sep, 2012 12:00am

KSE, MSCI meet to upgrade capital market status

KSE, MSCI meet to upgrade capital market status

Karachi Stock Exchange had a meeting with Morgan Stanley Capital International (MSCI) on September 03, 2012 to upgrade Pakistan's capital market's status from frontier to emerging markets.

Published 11 Sep, 2012 12:00am

KSE, MSCI meet to upgrade capital market status

KSE, MSCI meet to upgrade capital market status

Karachi Stock Exchange had a meeting with Morgan Stanley Capital International (MSCI) on September 03, 2012 to upgrade Pakistan's capital market's status from frontier to emerging markets.

Published 11 Sep, 2012 12:00am

Reduction in GIDC welcomed: textile exports likely to increase by 10 to 15 percent: APTMA

Reduction in GIDC welcomed: textile exports likely to increase by 10 to 15 percent: APTMA

Exports of textile sector are likely to increase by 10-15 percent during next one year with support of relief recently announced by the government. Addressing a press conference here on Monday, Yasin Siddik, Chairman All Pakistan Textile Mills Association

Published 11 Sep, 2012 12:00am

Cross-border shelling: Jamaat-i-Islami leaders seek relief package

Cross-border shelling: Jamaat-i-Islami leaders seek relief package

Leaders of Jamaat-i-Islami from Bajuar Agency sought the special relief package for tribal people affected by cross border shelling near Salarazai area of Bajuar agency, demanding for making arrangements for shifting of the families dislocated during the

Published 11 Sep, 2012 12:00am

Partly Facetious: There's nothing in the book that is controversial

Partly Facetious: There's nothing in the book that is controversial

"I read the book by the navy Seal titled No Easy Day."

Published 11 Sep, 2012 12:00am

Strategy to expand tax net, detect evasions: review conference of all intelligence officials convened on September 17

Strategy to expand tax net, detect evasions: review conference of all intelligence officials convened on September 17

Directorate General Intelligence and Investigation, Inland Revenue (IR) Federal Board of Revenue (FBR) has decided to convene a national conference of all intelligence officials including Directors and Additional Director I&I IR to share the plan and oper

Published 11 Sep, 2012 12:00am

PPP Khyber Pakhtunkhwa workers not happy with party leadership

PPP Khyber Pakhtunkhwa workers not happy with party leadership

The workers of Pakistan People's Party hailing from Shabqadar, district Charssada have expressed resentment over indifference attitude of party provincial leadership, demanded the party central leaders to play role for resolution of their problems.

Published 11 Sep, 2012 12:00am

Prime Minister leaves for China to attend WEF meeting

Prime Minister leaves for China to attend WEF meeting

Prime Minister Raja Pervez Ashraf left for China on Monday to attend the meeting of World Economic Forum (WEF) being held at Tiajin from September 10 to 13. Finance Minister, Dr Abdul Hafeez Sheikh and other officials are accompanying the Prime Minister d

Published 11 Sep, 2012 12:00am

NAB begins criminal investigation against RTO official

NAB begins criminal investigation against RTO official

The National Accountability Bureau (NAB) has initiated criminal investigation against an official of the Regional Tax Office (RTO) Multan as per directions/recommendations of the Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle. It has been reliably

Published 11 Sep, 2012 12:00am

US to provide $70 million for Peshawar-Torkham Highway

US to provide $70 million for Peshawar-Torkham Highway

The US on Monday announced that it will provide upto $70 million for the reconstruction of Peshawar-Torkham Highway, frequently used by overloaded containers of Nato/ISAF/US transit freight, an amount that is $1393.66 million less than requested by the Mi

Published 11 Sep, 2012 12:00am

NDU delegation visits Nespak

NDU delegation visits Nespak

A delegation from the National Defence University (NDU) Islamabad led by Major General Noel I Khokhar, Commandant National Security College NDU paid a visit to the Nespak House Lahore here on Monday. The delegates were welcomed by Asad I A Khan, Managing

Published 11 Sep, 2012 12:00am

PSO buys less than half of its September-December oil needs

PSO buys less than half of its September-December oil needs

Pakistan State Oil bought less than half its total oil requirements for September to December delivery, skipping gasoil and low sulphur fuel oil purchases because of a dip in demand, industry sources said on Monday. The state-owned company bought 260,000

Published 11 Sep, 2012 12:00am

Rs 734.2 million projects for Prime Minister's constituency: PC convenes meeting of CDWP again

Rs 734.2 million projects for Prime Minister's constituency: PC convenes meeting of CDWP again

The Planning Commission has convened a special meeting of Central Working Party (CDWP) for the second time in a week on the directives of Prime Minister Raja Parvez Ashraf to approve seven development projects worth over 734.2 million for his home town co

Published 11 Sep, 2012 12:00am

Agriculture experts demand to set up authority to monitor pesticides use

Agriculture experts demand to set up authority to monitor pesticides use

Agriculture experts on Monday demanded of the government to establish 'national food safety, animal and plant health regulatory authority' to ensure strict monitoring of pesticides use, as it not only causing tremendous economic loss but also hazardous to

Published 11 Sep, 2012 12:00am

Kausar asks administration to cooperate, participate in anti-polio drive

Kausar asks administration to cooperate, participate in anti-polio drive

Governor Khyber Pkahtunkhwa, Barrister Masood Kausar said that in spite of difficult pathways and other problems in Fata, polio workers were performing their duties successfully and with great zeal and enthusiasm to cut the roots of polio completely from

Published 11 Sep, 2012 12:00am

PDA seeks regularisation of Khyber Pakhtunkhwa ad hoc doctors

PDA seeks regularisation of Khyber Pakhtunkhwa ad hoc doctors

Senior doctors' of Khyber Pakhtunkhwa demanded of the government to regularise services of their colleagues serving under ad hoc basis in different periphery health facilities and teaching hospitals in the province.

Published 11 Sep, 2012 12:00am

No talks with PPP till withdrawal of LG ordinance: ANP

No talks with PPP till withdrawal of LG ordinance: ANP

Awami National Party (ANP) on Monday ruled out holding talks with the ruling Pakistan Peoples Party (PPP) unless the controversial Sindh Local Government Ordinance, 2012 is withdrawn.

Published 11 Sep, 2012 12:00am

Raza Rabbani's book to be launched tomorrow

Raza Rabbani's book to be launched tomorrow

"A Biography of Pakistani Federalism: Unity in Diversity" by Mian Raza Rabbani, Chairman of the Parliamentary Committee on National Security and Deputy Secretary General of the Pakistan Peoples Party will be launched on September 12 (Wednesday).

Published 11 Sep, 2012 12:00am

PHC directs transfer/posting of judicial officers

PHC directs transfer/posting of judicial officers

The Peshawar High Court (PHC) has ordered the transfer and postings of Judicial Officers in the public interest with immediate effect.

Published 11 Sep, 2012 12:00am

A laudable achievement by NBP

A laudable achievement by NBP

National Bank of Pakistan was incorporated in Pakistan under the National Bank of Pakistan Ordinance, 1949 and is listed on all the stock exchanges in Pakistan. It's registered and head office is situated in Karachi. NBP is the largest banking institution

Published 11 Sep, 2012 12:00am

Over 1.6 million cases in courts not yet decided or settled: CJP

Over 1.6 million cases in courts not yet decided or settled: CJP

Chief Justice Iftikhar Muhammad Chaudhry revealed that over 1.6 million cases are pending in the district and the superior courts by August 15, 2012. Addressing the opening ceremony of the new judicial year 2012-13 on Monday Chief Justice Chaudhry stated

Published 11 Sep, 2012 12:00am

Well done, SECP!

Well done, SECP!

Reference 'WEF hails SECP; improves ranking to 55th' (September 8), it is a pleasant surprise to know that the World Economic Forum through its World Economic Competitiveness Report has appreciated the performance of the Securities and Exchange Commission

Published 11 Sep, 2012 12:00am

Putin uses Apec as his stage

Putin uses Apec as his stage

Whether flying with endangered Siberian cranes or posturing as the radiant host of the Apec summit, Russian President Vladimir Putin - shortly before his 60th birthday - demonstrated his unabated desire for power. On the spectacularly developed Russky Isl

Published 11 Sep, 2012 12:00am

SPOTLIGHT: Water, water everywhere, but not a drop to drink!: Corruption: How much is too much?

SPOTLIGHT: Water, water everywhere, but not a drop to drink!: Corruption: How much is too much?

Lament is frequently head from interested quarters (interested on account of one "reason" or another) that the Supreme Court is targeting PPP alone to the exclusion of other wrongdoers. These quarters ignore the fact that parties in power are always under

Published 11 Sep, 2012 12:00am

Of a strategic alliance

Of a strategic alliance

In July 2012, Moody's Investors Service had downgraded Pakistan's foreign and local-currency credit ratings from B3 to Caa1, while the short-term rating remained unchanged at 'not-prime' and the outlook 'negative'. Consequently, Pakistan's Country Risk pe

Published 11 Sep, 2012 12:00am

The sad state of our schools

The sad state of our schools

Released on the eve of the International Literacy Day by the Society for the Protection of the Rights of the Child, "The State of Pakistan's Children Report, 2011" shows how Pakistan lags far behind on its own commitments to achieve Education for All unde

Published 11 Sep, 2012 12:00am

Propriety of poverty profile

The veracity of statistics on poverty has always been a matter of painful bickerings in Pakistan. This has generally been due to the desire of the successive incumbent governments to paint a rosy, at times an exaggerated picture of the reduction in povert

Published 11 Sep, 2012 12:00am

UVAS, SCCI sign MoU

UVAS, SCCI sign MoU

University of Veterinary and Animal Sciences (UVAS), Lahore and Sarghodha Chamber of Commerce and Industry (SCCI) inked a memorandum of understanding to strengthen industry and academia relationship in the light of advanced research. The MoU was signed by

Published 11 Sep, 2012 12:00am

Former PIA chairman inaugurates Exchange Company

Former PIA chairman inaugurates Exchange Company

Renowned industrialist and former chairman of the PIA, Ahmed Saeed, inaugurated Link International Exchange Company (Pvt) Ltd, at M.M. Alam, Gulberg, Lahore. The ceremony was attended by many reputable business personalities of the country. "We think that

Published 11 Sep, 2012 12:00am

Traders criticise increase in POL products' prices

Traders criticise increase in POL products' prices

Business community has sharply reacted on the increase of prices of high speed diesel, kerosene oil etc describing it unjust and detrimental to agricultural economy and warned the government of serious consequences if it does not withdraw the increase in

Published 11 Sep, 2012 12:00am

Nandipur power project: Supreme Court urged to take notice of non-issuance of clearance letter

Nandipur power project: Supreme Court urged to take notice of non-issuance of clearance letter

Former managing director of Pepco, MD SSGC Munawar B. Ahmad has lamented over the likely termination of the Nandipur Power Project by the Chinese, saying that it appears that the government is not moved on the matter in spite of the directives of the Supr

Published 11 Sep, 2012 12:00am

No further urea import required this year: FMPAC

No further urea import required this year: FMPAC

Fertiliser Manufacturers of Pakistan Advisory Council (FMPAC) has said that with the recent ECC decision to import 300,000 tons of urea, no further urea import required this year and even to the end of Rabi next year keeping in mind the available urea inv

Published 11 Sep, 2012 12:00am

Lecture on '9/11 Conspiracy' today

Lecture on '9/11 Conspiracy' today

Punjab University Academic Staff Association is organising a special lecture on "9/11 Conspiracy" on Tuesday, at Centre for Undergraduate Studies Al-Raazi Hall. Punjab University Vice-Chancellor Professor Dr Mujahid Kamran will throw light on the topic wh

Published 11 Sep, 2012 12:00am

Pakistan Post introduces EMO service

Pakistan Post introduces EMO service

Pakistan Post under its modernisation plan, on Monday introduced Electronic Money Order (EMO) service between eleven cities of the country through its General Post Offices (GPOs) for quick money transfer. Federal Minister for Postal Services Sardar Alhaj

Published 11 Sep, 2012 12:00am

PML-N seeks to wean PML-F away from government

PML-N seeks to wean PML-F away from government

Pakistan Muslim League-Nawaz (PML-N) has stepped up efforts aimed at wooing Pakistan Muslim League-Functional (PML-F) to join the opposition alliance. Sources told Business Recorder that efforts are underway for a meeting between Pakistan Muslim Le

Published 11 Sep, 2012 12:00am

Rains in Sindh, Punjab: Federal, provincial governments responsible for heavy losses: APML

Rains in Sindh, Punjab: Federal, provincial governments responsible for heavy losses: APML

All Pakistan Muslim League (APML) has expressed deep sorrow over the physical and financial losses to people of Southern Punjab and Sindh due to heavy rains and held the federal and provincial governments of Punjab and Sindh responsible for all the losses

Published 11 Sep, 2012 12:00am

UAE investors planning to invest in cement, steel sectors: Zarooni

UAE investors planning to invest in cement, steel sectors: Zarooni

UAE investors are planning to make investment in Pakistan in different sectors including cement and steel sectors. Chairman Zarooni Group of Companies, Faisal Mohammad Abdul Karim Al Zarooni, who was accompanied by Leader of the House in Senate, Senator J

Published 11 Sep, 2012 12:00am

APTMA's CMC election held: Gohar Ejaz group bags all six seats from Punjab

APTMA's CMC election held: Gohar Ejaz group bags all six seats from Punjab

The Gohar Ejaz group has bagged all the six seats from Punjab in the Central Management Committee (CMC) of All Pakistan Textile Mills Association (APTMA) unopposed after withdrawal of nominations by the opponents. According to the reliable sources, the op

Published 11 Sep, 2012 12:00am

Nutraceutical food research section set up at NIFST

Nutraceutical food research section set up at NIFST

A functional and Nutraceutical Food Research Section has been established at National Institute of Food Science and Technology (NIFST), UAF under Pak-US joint project aiming at exploring the food bioactive molecules from indigenous sources and determine t

Published 11 Sep, 2012 12:00am

List of Khudaam-e-Hujjaj challenged: LHC seeks reply from ministry

List of Khudaam-e-Hujjaj challenged: LHC seeks reply from ministry

The Lahore High Court here on Monday sought reply from Ministry of Religious Affairs in a petition challenging removal of names of volunteers appointed for provision of services and assistance to Pakistani pilgrims at Saudi Arabia. The petitioners through

Published 11 Sep, 2012 12:00am

Allotment of Hajj quota: LHC summons secretary today

Allotment of Hajj quota: LHC summons secretary today

The Lahore High Court Chief Justice (CJ) on Monday summoned the Secretary Ministry of Religious Affairs for Tuesday (today) for not complying with the court orders for allotment of quota to new Hajj Group Organisers (HGOs). The CJ also directed the regist

Published 11 Sep, 2012 12:00am

Duty-free market access: EU Consuls of Minister meeting in Brussel today

Duty-free market access: EU Consuls of Minister meeting in Brussel today

Eierrer Mayaudon, Deputy Head of Delegation, European Union, has told Dr Mirza Ikhtiar Baig, Federal Advisor on Textile that on Tuesday (September 11) there is EU Consuls of Minister meeting in Brussels to approve duty-free market access to 75 items out o

Published 11 Sep, 2012 12:00am

YDA holds protests again: LHC asks secretary to submit old, new service structures

YDA holds protests again: LHC asks secretary to submit old, new service structures

The Lahore High Court on Monday reiterating its directions restraining young doctors from observing protests and directed the secretary health Punjab to submit old and new service structures of young doctors and also their comparison with DMG (District Ma

Published 11 Sep, 2012 12:00am

Senate body concerned at rising incidents of police encounters: Interior Minister summoned

Senate body concerned at rising incidents of police encounters: Interior Minister summoned

Senate Standing Committee on Human Rights on Monday expressed grave concern on rising incidents of police-encounters in the country, particularly in Punjab, saying that law enforcement agencies adopt 'Sri Lankan-Model' in which innocent people are being k

Published 11 Sep, 2012 12:00am

31 percent of Pakistanis travel to their home-town to celebrate Eid: Poll

31 percent of Pakistanis travel to their home-town to celebrate Eid: Poll

According to a Gilani Research Foundation Survey carried out by Gallup Pakistan, 31% of Pakistanis say they travel to their home-town or village to celebrate Eid. A nationally representative sample of men and women from across the four provinces was asked

Published 11 Sep, 2012 12:00am

Five killed in a road accident

Five killed in a road accident

Five people among three children were killed and five other children injured on Monday when their vehicle skidded off and it plunged into deep ravine near Babusar Pass Chilas. According to police sources, the vehicle carrying 10 family members was going f

Published 11 Sep, 2012 12:00am

Concealment of tax by multinational beverage company: LTU Lahore urged to initiate strict legal course of action

Concealment of tax by multinational beverage company: LTU Lahore urged to initiate strict legal course of action

Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) has strongly proposed Large Taxpayer Unit (LTU) Lahore to initiate strict legal proceedings under Income Tax Ordinance 2001 against a multinational be

Published 11 Sep, 2012 12:00am

Draining rain water: Hyderabad DC directs to keep all pumping stations functional

Draining rain water: Hyderabad DC directs to keep all pumping stations functional

The Deputy Commissioner Hyderabad Agha Shahnawaz Babar has directed the officers concerned to keep all pumping stations functional during round-the-clock and ensure that all rain water is drained out. Presiding over a meeting of the Revenue Officers of di

Published 11 Sep, 2012 12:00am

Emergency media cell set up: DC, Wasa to update rain-related rescue activities

Emergency media cell set up: DC, Wasa to update rain-related rescue activities

An emergency media cell has been established in the Divisional Information Office Hyderabad to keep close co-ordination with Provincial Ministries, Divisional Commissioner, Deputy Commissioners and Wasa and to update to print and electronic media about ra

Published 11 Sep, 2012 12:00am

Import of power generators may increase owing to power crises

Import of power generators may increase owing to power crises

More and more generators' sale and repair shops are coming up in the city in the wake of increasing demand of generators owing to long hours load shedding and frequent power failure. Import of power generating machines may increase substantially owing to

Published 11 Sep, 2012 12:00am

Dr Nazir terms SUTA leaders 'enemy of education'

Dr Nazir terms SUTA leaders 'enemy of education'

Sindh University (SU) Vice Chancellor Dr Nazir A Mughal has termed the SUTA leaders as liar and enemy to education and said all those including the ex leaders of SUTA body who criticise at newly opened campuses of the Sindh University should get to know t

Published 11 Sep, 2012 12:00am

Boat capsizes: 11 fishermen bodies recovered, seven still missing

Boat capsizes: 11 fishermen bodies recovered, seven still missing

At least 11 bodies were retrieved on Monday while nearly seven fishermen are still missing from a small boat, which capsized near Karachi coast on Sunday night, fisheries officials said. "Pakistan Navy and Maritime Security Agency (MSA) are jointly carryi

Published 11 Sep, 2012 12:00am

Heavy rain may hit coastal areas: three-day ban imposed on deep-sea fishing

Heavy rain may hit coastal areas: three-day ban imposed on deep-sea fishing

The Karachi Fish Harbour Authority (KFHA) on Monday imposed a three-day ban on the sea voyaging fishing boats after the meteorological department forecast widespread rain/thundershower, officials said. "KFHA has announced a three-day ban to restrict fishi

Published 11 Sep, 2012 12:00am

Khanpur receives 199mm of rain

Khanpur receives 199mm of rain

During the last 24 hours downpour, Khanpur and Rahim Yar Khan received 199 and 123 millimetres of rain respectively. The met office said heavy rains continued on Monday in Punjab and Sindh triggering semi-floods in rural parts of the provinces. It warned

Published 11 Sep, 2012 12:00am

PPP, MQM discuss post SPLGO 2012 situation

PPP, MQM discuss post SPLGO 2012 situation

The core committee of the Pakistan People's Party and the Muttahida Quami Movement, met here on Monday at Chief Minister House to discuss the situation created after the announcement of Sindh People's Local Government Ordinance (SPLGO) 2012.

Published 11 Sep, 2012 12:00am

Under PLGO 2012: District, taluka and town councils to collect taxes

Under PLGO 2012: District, taluka and town councils to collect taxes

The District Councils (DCs), Taluka and Town Councils (TCs) and Union Councils (UCs) would also collect various taxes in their jurisdictions under the People Local Government Ordinance 2012, Business Recorder learnt here on Monday.

Published 11 Sep, 2012 12:00am

A Q Khan to launch anti-graft drive

A Q Khan to launch anti-graft drive

Nuclear scientist Abdul Qadeer Khan is launching a 100-day campaign to end corruption and urges voters to elect "clean and honest" candidates in polls next year, a senior party official said Monday. Tehreek-e-Tahafuzz Pakistan or Save Pakistan Movement (S

Published 11 Sep, 2012 12:00am

Rains at last...

Rains at last...

Those loamy lowering skies, finally casting a blanket of slatey coolness on the searing glare of sunshine. Scudding clouds gathering together as in a meeting and then finally, the first drop. The rumble, the thunder and finally the cloud burst, the downpo

Published 11 Sep, 2012 12:00am

Withdrawal of 700 megawatts from KESC system: CCI body fails to evolve consensus

Withdrawal of 700 megawatts from KESC system: CCI body fails to evolve consensus

A high level meeting on equitable distribution of electricity, presided over by Minister for Water and Power, Ahmad Mukhtar, has failed to evolve consensus on withdrawal of 700MW of electricity from KESC system, well informed sources told Business Reco

Published 11 Sep, 2012 12:00am

DG Khan Cement's after tax profit increases

The after tax profit of DG Khan Cement has increased to Rs 4,108.118 million in the year ended June 30, 2012 (FY12) as compared to Rs 170.961 million earned in FY11. The company's earning per share increased to Rs 9.38 in the period under review against R
Published 11 Sep, 2012 12:00am

DG Khan Cement's after tax profit increases

The after tax profit of DG Khan Cement has increased to Rs 4,108.118 million in the year ended June 30, 2012 (FY12) as compared to Rs 170.961 million earned in FY11. The company's earning per share increased to Rs 9.38 in the period under review against R
Published 11 Sep, 2012 12:00am

Chairman Wapda: Durrani supports Hamayat, Raghib

Minister for Water and Power, Ahmad Mukhtar, has, reportedly failed to retain his very close friend Shakil Durrani as Chairman Water and Power Development Authority (Wapda) because of his 'uneasy' relationship between Prime Minister Raja Pervez Ashraf and
Published 11 Sep, 2012 12:00am

Issuance of ACCD: customs officials awaiting response of Afghanistan

Pakistani customs authorities are waiting for the response of Afghanistan for issuance of the Afghan Customs Clearance Document (ACCD) to verify that the transit goods exported from Pakistan have actually reached Afghanistan. Sources told Business Reco
Published 11 Sep, 2012 12:00am

Banks' profit up by 27 percent in first half CY12

All commercial banks combined showed a profitability growth of 27 percent to Rs 60 billion in first half of CY12 compared to Rs 47 billion in first half of CY11. According to research report of Investcap, total increase in profit was made up of Rs 214 mil
Published 11 Sep, 2012 12:00am

NLC scam: PML-N for trial of army officers in civilian courts

Pakistan Muslim League-Nawaz (PML-N) has strongly criticised Pakistan Army for restoring the services of its three retired generals with a view to court martialling for their involvement in National Logistics Cell (NLC). It had demanded that these retired
Published 11 Sep, 2012 12:00am

ISE opposes idea of merger with LSE

Islamabad Stock Exchange (ISE) has opposed the idea of integration of the Lahore Stock Exchange (LSE) and ISE, as the integration of all three exchanges would be a comparatively better option.
Published 11 Sep, 2012 12:00am

Lal Masjid operation: Maulana Aziz acquitted in Ranger official's killing case

The Anti Terrorism Court (ATC) acquitted Maulana Abdul Aziz, Chief Cleric of Lal Masjid, along with 16 others on Monday in charge of killing a Ranger official during Lal Masjid operation in July 2007.
Published 11 Sep, 2012 12:00am

MNAs criticise CDA's performance

The Members of the National Assembly on Monday severely criticised the performance of the Capital Development Authority and demanded of the government to reconstitute its board for transparency. While replying to a calling attention notice regarding allot
Published 11 Sep, 2012 12:00am

FROM A RINGSIDE SEAT: Corruption, inefficiency issues dominate National Assembly proceedings

Deep-rooted problems of corruption and inefficiency in state-run institutions and government failure to take any measures to arrest the trend dominated the National Assembly sitting on Monday with members one after another from both the sides expressing s
Published 11 Sep, 2012 12:00am

Hike in diesel, CNG prices: transporters observe wheel jam strike in Rawalpindi

Transporters in Rawalpindi observed wheel jam strike against current increase in petrol and Compressed Natural Gas (CNG) prices, causing immense difficulties to commuters' as long queues were witnessed at different bus stops. Pakistan Transport Welfare As
Published 11 Sep, 2012 12:00am

Country faces 3,364 megawatts power shortfall, National Assembly informed

State Minister for Water and Power, Tasneem Ahmed Qureshi, has said that there is 3364MW shortfall of electrify while the present demand is of 15434MW with generation capacity of 12070MW in the country. While replying to a supplementary question of the me
Published 11 Sep, 2012 12:00am

CSS candidates denied right: Federal government asked to reply within three weeks

The Lahore High Court on Monday sought reply from the federal government within three weeks in a petition seeking five-year age relaxation for candidates appearing in the civil services (CSS) exam. The petitioner counsel A K Dogar said that the federal an
Published 11 Sep, 2012 12:00am

PIA receives bomb threat

For consecutive fifth day, Pakistan International Airlines (PIA) has received a bomb threat on Monday, which disturbed its flight Karachi-bound flight. According to sources, a call from an unknown number was received at Allama Iqbal International Airport
Published 11 Sep, 2012 12:00am

Shell Pakistan Limited

Shell Pakistan is one of the oldest multinational companies in Pakistan and the history of the company in Indo-Pak subcontinent dates back to 1903 when Shell Transport and Trading Company and Royal Dutch Petroleum Company decided to merge and supply petro
Published 11 Sep, 2012 12:00am

Shell Pakistan Limited

Shell Pakistan is one of the oldest multinational companies in Pakistan and the history of the company in Indo-Pak subcontinent dates back to 1903 when Shell Transport and Trading Company and Royal Dutch Petroleum Company decided to merge and supply petro
Published 11 Sep, 2012 12:00am

Nine alleged car-lifters held

Anti-Car Lifting Cell (ACLC) on Monday claimed to have arrested some nine car-lifters in separate raids at various parts of the metropolis, here on Monday. According to police, the accused persons, who were arrested from New Karachi, Bin Qasim and other p
Published 11 Sep, 2012 12:00am

MQM activist among eight killed in city

At least eight persons including a senior worker of Muttahida Qaumi Movement (MQM) and man and his wife were killed while senior leader of Pakistan Peoples Party (PPP) sustained bullet injures in separate incidents at various parts of the metropolis, here
Published 11 Sep, 2012 12:00am

Secret fund: Kaira seeks action against people allegedly misguiding Supreme Court

Federal Minister for Information and Broadcasting, Qamar Zaman Kaira, has categorically denied reports about secret fund and their misuse, urging the apex court to take action against those who are misguiding the court. Information minister, while talking
Published 11 Sep, 2012 12:00am

12 killed in market bombing

A car bomb targeting security forces in a market area in Parachinar town on Monday killed 12 civilians, all Shias, and wounded more than 40, officials said. An explosives-laden vehicle exploded near a convoy of security forces in a market in Parachinar to
Published 11 Sep, 2012 12:00am

12 killed in market bombing

A car bomb targeting security forces in a market area in Parachinar town on Monday killed 12 civilians, all Shias, and wounded more than 40, officials said. An explosives-laden vehicle exploded near a convoy of security forces in a market in Parachinar to
Published 11 Sep, 2012 12:00am

Pakistan gets $125.7 million aid in first quarter

Pakistan received $125.7 million external assistance during the first quarter of the current fiscal year including $41.2 million from multilaterals while $84.3 million was received from bilateral donors. The documents available with this scribe showed tha
Published 11 Sep, 2012 12:00am

Pakistan gets $125.7 million aid in first quarter

Pakistan received $125.7 million external assistance during the first quarter of the current fiscal year including $41.2 million from multilaterals while $84.3 million was received from bilateral donors. The documents available with this scribe showed tha
Published 11 Sep, 2012 12:00am

Pakistan gets $125.7 million aid in first quarter

Pakistan received $125.7 million external assistance during the first quarter of the current fiscal year including $41.2 million from multilaterals while $84.3 million was received from bilateral donors. The documents available with this scribe showed tha
Published 11 Sep, 2012 12:00am

Six power projects: Pakistan seeks Russian investment prior to Putin''s visit

Pakistan has sought Russian investment in six power sector projects worth $12.66 billion, prior to the scheduled visit of Russian President Vladimir Putin on October 2, 2012, official sources told Business Recorder on Monday.
Published 11 Sep, 2012 12:00am

Six power projects: Pakistan seeks Russian investment prior to Putin's visit

Pakistan has sought Russian investment in six power sector projects worth $12.66 billion, prior to the scheduled visit of Russian President Vladimir Putin on October 2, 2012, official sources told Business Recorder on Monday.
Published 11 Sep, 2012 12:00am

The Weather

The weather report on Monday (September 10, 2012) and the forecast for Tuesday (September 11, 2012).

Published 11 Sep, 2012 12:00am

Six power projects: Pakistan seeks Russian investment prior to Putin's visit

Pakistan has sought Russian investment in six power sector projects worth $12.66 billion, prior to the scheduled visit of Russian President Vladimir Putin on October 2, 2012, official sources told Business Recorder on Monday.
Published 11 Sep, 2012 12:00am

LME official prices

The following were Friday official prices.

Published 11 Sep, 2012 12:00am

Clarification

Apropos an article "Japan no longer considering investing: diplomat", carried by Business Recorder on 8th September, 2012, the embassy of Japan has clarified that "The article reports that "the government of Japan is no longer considering investmen
Published 11 Sep, 2012 12:00am

LME official prices

The following were Friday official prices.

Published 11 Sep, 2012 12:00am

Clarification

Apropos an article "Japan no longer considering investing: diplomat", carried by Business Recorder on 8th September, 2012, the embassy of Japan has clarified that "The article reports that "the government of Japan is no longer considering investmen
Published 11 Sep, 2012 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 10, 2012).

Published 11 Sep, 2012 12:00am

Clarification

Apropos an article "Japan no longer considering investing: diplomat", carried by Business Recorder on 8th September, 2012, the embassy of Japan has clarified that "The article reports that "the government of Japan is no longer considering investmen
Published 11 Sep, 2012 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Dec 23

278.69

USD PKR Interbank Buying / Dec 23

278.43

USD to Japanese Yen / Dec 23

156.63

USD to Swiss Franc / Dec 23

0.90

Pound Sterling to USD / Dec 23

1.26

Euro to USD / Dec 23

1.04

Stock Volume

S&P 500 / Dec 20

5,930.85

Nasdaq / Dec 20

19,572.60

Dow Jones / Dec 20

42,840.26

India Sensex / Dec 23

78,595.51

Tokyo Nikkei / Dec 23

39,161.34

Hang Seng / Dec 23

19,857.04

FTSE 100 / Dec 23

8,068.16

Germany DAX 30 / Dec 23

19,830.32

Item Value

Gold 10 Grams PKR / Dec 20

234,311

Karachi Cotton PKR/37.32 KG / Dec 21

17,585

Petrol/Litre / Dec 23

252.10

Crude Oil USD/Barrel / Dec 23

69.79

Gold Spot USD/Ounce / Dec 23

2,632.38

Diesel/Litre / Dec 23

255.38

Gainers
Losers
Leaders

Stock Price

First Capital Equities / Dec 23

First Capital Equities Limited(FCEL)

6.15

▲ 1.00 (19.42%)

Dewan Sugar / Dec 23

Dewan Sugar Mills Limited(DWSM)

6.60

▲ 1.00 (17.86%)

Cnergyico PK / Dec 23

Cnergyico PK Limited(CNERGY)

6.83

▲ 0.92 (15.57%)

Jahangir Sidd(Pref) / Dec 23

Jahangir Sidd(Pref)(JSCLPSA)

9.50

▲ 0.95 (11.11%)

Chenab Ltd (Pref) / Dec 23

Chenab Limited (Pref)(CLCPS)

3.75

▲ 0.36 (10.62%)

Dewan Farooque Sp. / Dec 23

Dewan Farooque Spinning Mills Limited(DFSM)

4.72

▲ 0.45 (10.54%)

Trust Sec.& Brok. / Dec 23

Trust Securities & Brokerage Limited(TSBL)

10.55

▲ 1.00 (10.47%)

Dawood Equities / Dec 23

Dawood Equities Limited(DEL)

10.63

▲ 1.00 (10.38%)

HBL Invest Fund / Dec 23

HBL Investment Fund(HIFA)

4.15

▲ 0.39 (10.37%)

Stock Price

Sindh Abadgar / Dec 23

Sindh Abadgar's Sugar Mills Limited(SASML)

36.60

▼ -4.07 (-10.01%)

Blue-Ex Ltd / Dec 23

Blue-Ex Limited (GEM)(GEMBLUEX)

40.87

▼ -4.54 (-10.00%)

J.A.Textile / Dec 23

J.A. Textile Mills Limited(JATM)

37.72

▼ -4.19 (-10.00%)

Asia Ins. / Dec 23

Asia Insurance Company Limited(ASIC)

13.96

▼ -1.55 (-9.99%)

Dar-es-Salaam / Dec 23

Dar-es-Salaam Textile Mills Limited(DSML)

42.01

▼ -4.58 (-9.83%)

First Tri-Star Mod. / Dec 23

First Tri-Star Modaraba(FTSM)

14.01

▼ -1.33 (-8.67%)

Dadabhoy Cement / Dec 23

Dadabhoy Cement Industries Limited(DBCI)

6

▼ -0.54 (-8.26%)

Oilboy Energy / Dec 23

Oilboy Energy Limited(OBOY)

10.46

▼ -0.93 (-8.17%)

Burj Clean Energy Modaraba / Dec 23

Burj Clean Energy Modaraba(GEM)(GEMBCEM)

8.45

▼ -0.65 (-7.14%)

Stock Volume

WorldCall Telecom / Dec 23

Worldcall Telecom Limited(WTL)

99,942,750

▲ 0.14

Cnergyico PK / Dec 23

Cnergyico PK Limited(CNERGY)

66,327,753

▲ 0.92

Pace (Pak) Ltd. / Dec 23

Pace (Pakistan) Limited(PACE)

43,280,462

▲ 0.19

K-Electric Ltd. / Dec 23

K-Electric Limited(KEL)

40,644,312

▲ 0.37

Sui South Gas / Dec 23

Sui Southern Gas Company Limited(SSGC)

40,619,788

▲ 0.76

Pak Elektron / Dec 23

Pak Elektron Limited(PAEL)

38,585,180

▲ 1.96

Fauji Foods Ltd / Dec 23

Fauji Foods Limited(FFL)

35,015,764

▲ 1.32

P.T.C.L. / Dec 23

Pakistan Telecommunication Company Ltd(PTC)

33,026,526

▲ 2.58

B.O.Punjab / Dec 23

The Bank of Punjab(BOP)

29,495,012

▲ 0.26

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