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Print - 2012-09-14
TUSDEC joins hands with SCCI

TUSDEC joins hands with SCCI

Technology Up-gradation and Skill Development Company (TUSDEC) has entered into a memorandum of understanding (MoU) with the Sargodha Chamber of Commerce and Industry (SCCI) to collaborate in different areas of research and development. Besides, under the
Published 14 Sep, 2012 12:00am
Five new dengue cases reported in Lahore

Five new dengue cases reported in Lahore

About five fresh dengue cases have been reported in Lahore during the last 24 hours raising the total number of dengue positive cases to 82. On Thursday, three dengue patients namely Akhter, Shakeel and Sher Ali, who were admitted in Mayo Hospital on deng
Published 14 Sep, 2012 12:00am
Business community calls for investigation into Karachi factory fire

Business community calls for investigation into Karachi factory fire

The business community has demanded that the government conduct a thorough and impartial investigation into the tragic fire incident at the garments factory in which around 300 people lost their lives to ensure whether it was sabotage or the outcome of ex
Published 14 Sep, 2012 12:00am
DGK flood victims: Punjab government pays Rs 4.5 million to heirs

DGK flood victims: Punjab government pays Rs 4.5 million to heirs

Punjab government has paid Rs 4.5 million to the heirs of nine persons who died due to floods / rains in Dera Ghazi Khan District. Two of the four persons who were drowned in the flood water IN Rajanpur district have also been identified. This was stated
Published 14 Sep, 2012 12:00am
Habibmetro, MoneyGram sign pact

Habibmetro, MoneyGram sign pact

Habibmetro and MoneyGram have partnered and signed an agreement to facilitate Pakistanis residing abroad in sending remittances back home. Habibmetro is one of the fastest growing commercial banks in Pakistan, with over 170 branches across the country.
Published 14 Sep, 2012 12:00am
HEC to award 600 scholarships to Baloch youth

HEC to award 600 scholarships to Baloch youth

Higher Education Commission (HEC) is planning to award 600 Masters leading to PhD scholarships for Balochistan province. The federal government has recently approved project under the "Aghaz-e-Haqooq-e-Balochistan Package" at a cost of Rs 3138.692 billion
Published 14 Sep, 2012 12:00am
Musa moves Supreme Court, seeks interim relief

Musa moves Supreme Court, seeks interim relief

Ali Musa Gilani, the son of former premier Syed Yousuf Raza Gilani, moved the apex court to seek interim relief against the Lahore High Court (LHC) order in the matter of ephedrine quota case. Gilani invoked appellate jurisdiction of the Supreme Court aga
Published 14 Sep, 2012 12:00am
Beenish Saba declared best young scientist: world moot held in Melbourne

Beenish Saba declared best young scientist: world moot held in Melbourne

Ms Beenish Saba, Lecturer in the Department of Environmental Sciences, PMAS Arid Agriculture University Rawalpindi has been declared as a young scientist best oral presenter in international conference on "Challenges in Environmental Engineering and Scien
Published 14 Sep, 2012 12:00am
Supreme Court takes suo motu action against PIA

Supreme Court takes suo motu action against PIA

Taking suo motu notice of financial and administrative irregularities in Pakistan International Airline's (PIA) operations, the Supreme Court on Thursday issued a notice to the Chairman of the national carrier Rao Qamar Suleman. According to a press hando
Published 14 Sep, 2012 12:00am
Security of US mission beefed up

Security of US mission beefed up

The security of US diplomatic mission has been strengthened, following the attacks on American consulates and embassies in Libya, Egypt and Yemen. "The capital police have beefed up security in the city, particularly of the US diplomats and the US embassy
Published 14 Sep, 2012 12:00am
Colgate-Palmolive celebrates World Oral Health Day

Colgate-Palmolive celebrates World Oral Health Day

Colgate-Palmolive Pakistan celebrated World Oral Health Day on Thursday by announcing the inauguration of the dental health month at a press conference. The Colgate Dental Health Month is a nation-wide campaign providing free dental check-ups across 20 ci
Published 14 Sep, 2012 12:00am
Recent monsoon rains good for Kharif crops

Recent monsoon rains good for Kharif crops

The recent monsoon rains had a very positive effect on the Kharif crops including rice, sugarcane, cotton, maize, fodder vegetables and saved Rs 5 billion to Rs 7 billion of the farmers in agriculture input costs and production.
Published 14 Sep, 2012 12:00am
Tragedy most profound

Tragedy most profound

The tragedies in the two industrial units in Lahore and Karachi defy any explanation. What they manifest are the consequences of the slide of the bureaucracy (including in banks) into a seemingly bottomless pit of irresponsibility, neglect of their duties
Published 14 Sep, 2012 12:00am
Jordan faces Syrian 'cultural invasion' as conflict rages

Jordan faces Syrian 'cultural invasion' as conflict rages

Abdul Rahman winced slightly as he pulled on the metal straw, his friends anxiously awaiting his approval. "Not bad," he said slowly, as he looked into the glass tightly packed with green mate leaves. Mate, a herbal drink that originated in Argentina, Uru
Published 14 Sep, 2012 12:00am
9/11: War of economic interests

9/11: War of economic interests

On September 9, 2001, eleven years ago, a gruesome and heinous crime against humanity was committed in New York - wanton attack on twin towers of World Trade Center symbolising financial might of the US. Without explaining such a massive security lapse, G
Published 14 Sep, 2012 12:00am
More optics, less tangibles

More optics, less tangibles

The cynics, who did not expect much - what to talk of a breakthrough on any of the contentions between Pakistan and India - from the Indian foreign minister S M Krishna's visit here over the weekend, have proved themselves to be right.
Published 14 Sep, 2012 12:00am
Banks' generosity

Banks' generosity

Cancelling from an account a bad debt or even a worthless asset is no trivial issue. Writing off bank loans has, therefore, always been an issue of a serious concern in Pakistan due mainly to its economic and political implications. In response to a quest
Published 14 Sep, 2012 12:00am
Iranians want to invest in power sector: Dr Yahya

Iranians want to invest in power sector: Dr Yahya

President, Tehran Chamber of Commerce and Industry Dr Yahya Ale Eshaq has said that Iranian investors are keen to invest in Pakistan in many sectors including electricity and oil exploring sector. He was talking to Sheikh Abdul Waheed Sandal, Regional Cha
Published 14 Sep, 2012 12:00am
Asian Forum on CSR being held at Bangkok next month

Asian Forum on CSR being held at Bangkok next month

The annual AIM Asian Forum on Corporate Social Responsibility (AFCSR) enters its second decade with its biggest conference yet as it travels to Thailand to hold the 11th AFCSR at the Bangkok Shangri-La Hotel on October 25 and 26. Organised by the Asian In
Published 14 Sep, 2012 12:00am
European Parliament: APTMA welcomes trade incentives

European Parliament: APTMA welcomes trade incentives

Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has welcomed the trade incentives from the European Parliament. The European Parliament Thursday gave a go ahead to the temporary trade incentives for Pakistan, two years after its announ
Published 14 Sep, 2012 12:00am
Farmers hold rally against Mepco over inflated bills

Farmers hold rally against Mepco over inflated bills

More than 2,000 farmers organised a rally in Multan, which began from Madni Chowk and reached at Chowk Nawan Shehr, to protest against the inflated electricity bills describing them unfair and unjust. The rally was led by PPP's MPA DR. Akhtar Malik, Tehre
Published 14 Sep, 2012 12:00am
Arsalan-Riaz case: no conflict of interest in discharge of duties: AGP

Arsalan-Riaz case: no conflict of interest in discharge of duties: AGP

There is no conflict of interest in the execution of duties relating to the hearing of the Rs 342 million business deal between Arsalan Iftikhar, the son of the incumbent Chief Justice, and a real estate tycoon, Malik Riaz Hussain, Attorney-General Irfan
Published 14 Sep, 2012 12:00am
BHC disqualifies minister

BHC disqualifies minister

The Balochistan High Court (BHC) on Thursday disqualified provincial minister for excise and taxation Babu Mohammad Amin Umrani for possessing a fake BA degree. The provincial minister had won the Balochistan Assembly's PB-29 (Naseerabad) 2 seat in 2008 g
Published 14 Sep, 2012 12:00am
Five die as jeep falls in river

Five die as jeep falls in river

Five passengers died when their jeep plunged into the River Chitral here on Thursday, police said. The Mastooj bound jeep, with five passengers onboard, reached Rashan area, plunged into the river Chitral while negotiating a sharp turn in the mountainous
Published 14 Sep, 2012 12:00am
USAID to consider funding for Khwar hydropower projects, small dams

USAID to consider funding for Khwar hydropower projects, small dams

Besides providing financial support to WAPDA for its three ongoing projects in water and hydro-power sectors, the United States Agency for International Development (USAID) will also consider provision of funds for two of the Khwar hydro-power projects, a
Published 14 Sep, 2012 12:00am
Ministry to provide free-of-cost food to Hujjaj at Mina: Khursheed

Ministry to provide free-of-cost food to Hujjaj at Mina: Khursheed

Minister for Religious Affairs Syed Khursheed Ahmed Shah said on Thursday that the Ministry of Religious Affairs will provide free-of-cost food to all Hujjaj for three days during their stay at Mina. He stated this while chairing a meeting of the Hajj Adv
Published 14 Sep, 2012 12:00am
Petition filed against illegal factories

Petition filed against illegal factories

A petition has been filed before the Lahore High Court seeking action against factories established in residential areas. A Bar member Ishtiaq Chaudhry in the petition stated that countless factories and industries had been functioning in residential loca
Published 14 Sep, 2012 12:00am
Tribal elder among four killed in Khuzdar

Tribal elder among four killed in Khuzdar

At least four people including a tribal elder were killed and three others injured when unidentified gunmen attacked their convoy near Totuk pass in Khuzdar, a private TV channel reported Thursday. According to the channel, Mir Saeed Ahmed Qalandarani was
Published 14 Sep, 2012 12:00am
Pre-paid calling cards: of every Rs 100, Rs 31 goes to FBR!

Pre-paid calling cards: of every Rs 100, Rs 31 goes to FBR!

Out of every Rs 100 pre-paid calling card, Rs 31 is paid as tax to the Federal Board of Revenue. This was disclosed by the representatives of mobile phone operators during a meeting of the sub-committee of the National Assembly Standing Committee on Infor
Published 14 Sep, 2012 12:00am
Four killed in Karachi

Four killed in Karachi

At least four people were killed in different violent incidents in city on Thursday, police and rescue sources said. In the first incident, a man was gunned down in PIB Colony in the limits of PIB police station. He was identified as Muhammad Khalid ,40,
Published 14 Sep, 2012 12:00am
Jamaat-e-Islami demands judicial enquiry into factory fire

Jamaat-e-Islami demands judicial enquiry into factory fire

Jamaat-e-Islami, Ameer, Syed Munawwar Hassan, has called for a judicial enquiry into the fire at a garments factory in Karachi resulting in the death of around three hundred workers. He said this was a big tragedy, which could not be termed as an accident
Published 14 Sep, 2012 12:00am
Fire tragedy: Imran demands stern action against responsible persons

Fire tragedy: Imran demands stern action against responsible persons

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Thursday demanded stern action against responsible persons for unprecedented fire incident at Baldia Town that gulped the lives of hundreds of innocents. Talking to media during his visit to incident p
Published 14 Sep, 2012 12:00am
'ICH likely to be established from October 1'

'ICH likely to be established from October 1'

It is most likely that International Clearing House (ICH) will be established from October 1, in accordance with the policy directive issued by Ministry of Information Technology (MoIT), analysts said. "Although CCP has expressed reservations against the
Published 14 Sep, 2012 12:00am
ITP of three major steel products reduced

ITP of three major steel products reduced

Pakistan Customs has reduced Import Trade Price (ITP) of three major flat steel products up to $44 per ton to bring it at par with international market price. Sources told Business Recorder on Thursday that in exercise of powers conferred under sec
Published 14 Sep, 2012 12:00am
The Weather

The Weather

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

Published 14 Sep, 2012 12:00am
ITP of three major steel products reduced

ITP of three major steel products reduced

Pakistan Customs has reduced Import Trade Price (ITP) of three major flat steel products up to $44 per ton to bring it at par with international market price. Sources told Business Recorder on Thursday that in exercise of powers conferred under sec
Published 14 Sep, 2012 12:00am
Bullion Rates

Bullion Rates

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

Published 14 Sep, 2012 12:00am
ITP of three major steel products reduced

ITP of three major steel products reduced

Pakistan Customs has reduced Import Trade Price (ITP) of three major flat steel products up to $44 per ton to bring it at par with international market price. Sources told Business Recorder on Thursday that in exercise of powers conferred under sec
Published 14 Sep, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

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

LME official prices

The following were Wednesday official prices.

Published 14 Sep, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 14 Sep, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (September 13, 2012) and for Friday (September 14, 2012).
Published 14 Sep, 2012 12:00am
10 'Pashtun' labourers gunned down in Mastung

10 'Pashtun' labourers gunned down in Mastung

At least ten labourers were gunned down and four other wounded in a firing incident which took place in Dusht area of Mastung District on Thursday. Police sources said the labourers were engaged in the construction work of a road at Kili Umer area on Quet
Published 14 Sep, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

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

Published 14 Sep, 2012 12:00am
10 'Pashtun' labourers gunned down in Mastung

10 'Pashtun' labourers gunned down in Mastung

At least ten labourers were gunned down and four other wounded in a firing incident which took place in Dusht area of Mastung District on Thursday. Police sources said the labourers were engaged in the construction work of a road at Kili Umer area on Quet
Published 14 Sep, 2012 12:00am
Prime Minister to appear before Supreme Court on 18th: Kaira

Prime Minister to appear before Supreme Court on 18th: Kaira

Minister for Information and Broadcasting Qamar Zaman Kaira said on Thursday that Prime Minister Raja Pervez Ashraf would appear before the Supreme Court in NRO Implementation case on September 18. Talking to media persons here, the Information Minister s
Published 14 Sep, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

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

Published 14 Sep, 2012 12:00am
Prime Minister to appear before Supreme Court on 18th: Kaira

Prime Minister to appear before Supreme Court on 18th: Kaira

Minister for Information and Broadcasting Qamar Zaman Kaira said on Thursday that Prime Minister Raja Pervez Ashraf would appear before the Supreme Court in NRO Implementation case on September 18. Talking to media persons here, the Information Minister s
Published 14 Sep, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 13, 2012).

Published 14 Sep, 2012 12:00am
FBR restores Afghan transit cargoes

FBR restores Afghan transit cargoes

The Federal Board of Revenue (FBR) has restored the clearance of Afghan Transit (AT) cargos and extended the deadline for payment of pending insurance guarantee amounting to Rs 27.217 billion on AT cargos till September 25, 2012, Business Recorder
Published 14 Sep, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 13, 2012).

Published 14 Sep, 2012 12:00am
FBR restores Afghan transit cargoes

FBR restores Afghan transit cargoes

The Federal Board of Revenue (FBR) has restored the clearance of Afghan Transit (AT) cargos and extended the deadline for payment of pending insurance guarantee amounting to Rs 27.217 billion on AT cargos till September 25, 2012, Business Recorder
Published 14 Sep, 2012 12:00am
FBR restores Afghan transit cargoes

FBR restores Afghan transit cargoes

The Federal Board of Revenue (FBR) has restored the clearance of Afghan Transit (AT) cargos and extended the deadline for payment of pending insurance guarantee amounting to Rs 27.217 billion on AT cargos till September 25, 2012, Business Recorder
Published 14 Sep, 2012 12:00am
Partial strike against LG ordinance observed in Sindh

Partial strike against LG ordinance observed in Sindh

A partial strike was observed on Thursday in most parts of Sindh over a call given by the Save Sindh Movement against the Local Government Ordinance passed in the province recently. Rallies were taken out in many cities by the nationalist parties which in
Published 14 Sep, 2012 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the money market on Thursday in the process of trading, dealers said. The rupee recovered six-paisa in relation to the dollar for buying at 94.54 and it gained seven-paisa on the selling counter at 94.58, they said.
Published 14 Sep, 2012 12:00am
Partial strike against LG ordinance observed in Sindh

Partial strike against LG ordinance observed in Sindh

A partial strike was observed on Thursday in most parts of Sindh over a call given by the Save Sindh Movement against the Local Government Ordinance passed in the province recently. Rallies were taken out in many cities by the nationalist parties which in
Published 14 Sep, 2012 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the money market on Thursday in the process of trading, dealers said. The rupee recovered six-paisa in relation to the dollar for buying at 94.54 and it gained seven-paisa on the selling counter at 94.58, they said.
Published 14 Sep, 2012 12:00am
Father of Dr Asim dies

Father of Dr Asim dies

Dr Tajammul Hussain, father of Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Hussain, passed away at the age of 93 after a brief illness here on Thursday. He was one of the patrons of the Ziauddin Group of hospitals. Dr Tajammul Hus
Published 14 Sep, 2012 12:00am
Father of Dr Asim dies

Father of Dr Asim dies

Dr Tajammul Hussain, father of Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Hussain, passed away at the age of 93 after a brief illness here on Thursday. He was one of the patrons of the Ziauddin Group of hospitals. Dr Tajammul Hus
Published 14 Sep, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (September 13, 2012).

Published 14 Sep, 2012 12:00am
Actor Lehri passes away

Actor Lehri passes away

Veteran film star Safeerullah Siddiqui alias Lehri passed away at a local hospital on Thursday. He was about 83 years of age, family members said. He was laid to rest in Yasinabad graveyard on Thursday after funeral prayer held at Bait-ul-Mukarram mosque
Published 14 Sep, 2012 12:00am
Actor Lehri passes away

Actor Lehri passes away

Veteran film star Safeerullah Siddiqui alias Lehri passed away at a local hospital on Thursday. He was about 83 years of age, family members said. He was laid to rest in Yasinabad graveyard on Thursday after funeral prayer held at Bait-ul-Mukarram mosque
Published 14 Sep, 2012 12:00am
NAB promoting corruption, observes CJ

NAB promoting corruption, observes CJ

Instead of eliminating corruption, the National Accountability Bureau (NAB) is busy promoting the menace, Chief Justice of the Supreme Court Iftikhar Muhammad CChaudhry observed on Thursday. A three-member bench of the apex court, headed by the SC Chief J
Published 14 Sep, 2012 12:00am
NAB promoting corruption, observes CJ

NAB promoting corruption, observes CJ

Instead of eliminating corruption, the National Accountability Bureau (NAB) is busy promoting the menace, Chief Justice of the Supreme Court Iftikhar Muhammad CChaudhry observed on Thursday. A three-member bench of the apex court, headed by the SC Chief J
Published 14 Sep, 2012 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

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 23.28 points as the ISE Ten Index moved from 3086.98
Published 14 Sep, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Sep, 2012 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

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 23.28 points as the ISE Ten Index moved from 3086.98
Published 14 Sep, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Sep, 2012 12:00am
Equities register gains on LSE

Equities register gains on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange on Thursday and the equities registered gains amid slightly decreased trading turnover. The LSE-25 index gained 24.66 points and was closed at 4143.35 against 4118.69 of Wednesday, while transactio
Published 14 Sep, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 14 Sep, 2012 12:00am
Equities register gains on LSE

Equities register gains on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange on Thursday and the equities registered gains amid slightly decreased trading turnover. The LSE-25 index gained 24.66 points and was closed at 4143.35 against 4118.69 of Wednesday, while transactio
Published 14 Sep, 2012 12:00am
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