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Print - 2012-09-18
PML-F working towards forging electoral alliance

PML-F working towards forging electoral alliance

After quitting coalition government, Pakistan Muslim League-Functional (PML-F) once again started its efforts for the "election alliance" with other political parties and groups, Business Recorder learnt on Monday. Before parting ways with PPP led-
Published 18 Sep, 2012 12:00am
Trader kidnapped from Mashkail

Trader kidnapped from Mashkail

Unknown armed men abducted a trader from Mashkail area of Washuk district on Monday. According to police, a man Shah Muhammad was present in his shop when armed kidnappers came and took him away to unknown destination on gunpoint. Police have registered a
Published 18 Sep, 2012 12:00am
Fresh spell of rains may unleash floods

Fresh spell of rains may unleash floods

The Met Office on Monday warned that the fresh spell of monsoon rain may unleash floods in vulnerable parts of Kashmir and Hazara Division, Khyber Pakhunkhwa in the next 24 hours. The office in its fresh weather advisory said the heavy rain may also cause
Published 18 Sep, 2012 12:00am
Animal relief camps set up in rain-hit areas

Animal relief camps set up in rain-hit areas

The Director Animal Husbandry Sindh has said that in order to adopt precautionary measures and to ensure prompt treatment to the animals in worst rain-affected districts of upper Sindh, fifty Animal Relief Camps have been established where total 268449 an
Published 18 Sep, 2012 12:00am
WFP set to begin food operation in rain-, flood-hit areas

WFP set to begin food operation in rain-, flood-hit areas

World Food Programme (WFP) team has completed the visit of rain and flood-hit areas and would start food operation soon after green signal from the government. Talking to Agency on Monday, an official of WFP confirmed that a team of the WFP had monitored
Published 18 Sep, 2012 12:00am
Campaign against APNS, print media rejected

Campaign against APNS, print media rejected

The All Pakistan Newspapers Society has rejected a consistent irresponsible campaign by some elements in the electronic media to malign the APNS and the print media," stated a press release of the APNS.
Published 18 Sep, 2012 12:00am
Baldia Town factory: industrialists to provide jobs to fire survivors

Baldia Town factory: industrialists to provide jobs to fire survivors

Governor Sindh, Dr Ishrat-ul-Ibad Khan has said that the industrialists have agreed to adjust survivors of Baldia Town garment factory fire incident in their units. Inaugurating the newly-constructed road in North Karachi Industrial Area, he said that it
Published 18 Sep, 2012 12:00am
Minor boy kills parents, two sisters

Minor boy kills parents, two sisters

A boy allegedly killed his parents and two sisters reportedly for not allowing him to continue his relationship with a girl. The incident took place in Colony area in the limits of Market police station late on Sunday night. SHO Wahid Bux Laghari told Age
Published 18 Sep, 2012 12:00am
Sitara Chemical's profit after tax increases to Rs 688.481 million

Sitara Chemical's profit after tax increases to Rs 688.481 million

The after tax profit of Sitara Chemical Industries Limited has increased to Rs 688.481 million in the year ended June 30, 2012 (FY12) as compared to Rs 427.991 million earned in the corresponding period in FY11. The company's earning per share increased t
Published 18 Sep, 2012 12:00am
Sitara Chemical's profit after tax increases to Rs 688.481 million

Sitara Chemical's profit after tax increases to Rs 688.481 million

The after tax profit of Sitara Chemical Industries Limited has increased to Rs 688.481 million in the year ended June 30, 2012 (FY12) as compared to Rs 427.991 million earned in the corresponding period in FY11. The company's earning per share increased t
Published 18 Sep, 2012 12:00am
PIA first Hajj flight to leave on September 19

PIA first Hajj flight to leave on September 19

PIA first Hajj flight to Jeddah, Saudi Arabia will leave on Wednesday, September 19, 2012 from Peshawar PK 2601 (ETD) 15:30 hours and Islamabad PK 2501 (ETD) 18:10 hours, PIA spokesman said here on Monday. Every endeavour will be made to ensure the Expect
Published 18 Sep, 2012 12:00am
Protected areas: CDA accused of issuing NOCs to proponents

Protected areas: CDA accused of issuing NOCs to proponents

The Ministry of Climate Change has accused Capital Development Authority (CDA) of issuing NOCs of protected areas to proponents in clear violation of rules and regulations, revealed a report. The report was tabled before the Special Committee on Millenniu
Published 18 Sep, 2012 12:00am
Muslim Bhutto made APML Central VP

Muslim Bhutto made APML Central VP

Muslim Bhutto, former PPP leader and very close aide of the late Begum Nusrat Bhutto, has been made Central Vice President of All Pakistan Muslim League (APML). Muslim Bhutto joined the APML a few days back during a meeting with Pervez Musharraf, APML Chi
Published 18 Sep, 2012 12:00am
UBL to launch Islamic fund scheme

UBL to launch Islamic fund scheme

UBL Fund Managers, one of Pakistan's leading Asset Management Companies, has announced the launch of its new Shariah-compliant investment scheme. The new scheme, UBL Islamic Cash Fund, is an Islamic Money Market Scheme that is designed for clients who hav
Published 18 Sep, 2012 12:00am
UBL to launch Islamic fund scheme

UBL to launch Islamic fund scheme

UBL Fund Managers, one of Pakistan's leading Asset Management Companies, has announced the launch of its new Shariah-compliant investment scheme. The new scheme, UBL Islamic Cash Fund, is an Islamic Money Market Scheme that is designed for clients who hav
Published 18 Sep, 2012 12:00am
PSM expansion plan discussed at Board's meeting

PSM expansion plan discussed at Board's meeting

The 362nd meeting of Pakistan Steel Mills Board of Directors held in PSM Operations building covering the agenda about the business plan, marketing strategy and expansion project of PSM. Pakistan Steel CEO Major General Muhammad Javed (Retd), while briefi
Published 18 Sep, 2012 12:00am
Call to punish anti-Islam film's entire team

Call to punish anti-Islam film's entire team

Some 3,000 students of Government Model High School Chama Qila Abdullah district on Monday took to streets to condemn the anti-Islam film calling for an immediate arrest of the filmmakers and other team members. Holding placards and banners inscribed with
Published 18 Sep, 2012 12:00am
Students hold protest rally

Students hold protest rally

Students activist belonging to various organisations on Monday held a protest demonstration against the anti-Islam film on main Sher Suri Road, demanding for immediate expel US envoy and sever diplomatic and trade ties with it. The students' activists of
Published 18 Sep, 2012 12:00am
Blasphemous material on internet: Malik seeks Interpol's help

Blasphemous material on internet: Malik seeks Interpol's help

Interior Minister Rehman Malik has written a letter to Secretary General Interpol, Ronald K Noble to block US-made blasphemous film and other anti-Islamic materials on Internet across the world. Malik has written the letter on September 14 and requested S
Published 18 Sep, 2012 12:00am
Legal fraternity holds rallies

Legal fraternity holds rallies

The legal fraternity on Monday observed strike on the call of Pakistan Bar Council and held protest rallies to condemn the anti-Islam film. Lahore High Court Bar Association and Lahore Bar Association also held general house meetings before taking out ral
Published 18 Sep, 2012 12:00am
Protest demonstrations held in AJK

Protest demonstrations held in AJK

Like rest of the country, in Azad Jammu and Kashmir people were infuriated and angered over release of sacrilegious movie in America and protest demonstrations were taken out in various parts of AJK the other day. In all district, tehsil headquarters, sma
Published 18 Sep, 2012 12:00am
Minority leaders condemn anti-Islam movie

Minority leaders condemn anti-Islam movie

The Chairman Minority Rights Commission of Pakistan M. Parkash has condemned the anti-Islam movie and said that minorities of Pakistan stand shoulder to shoulder with their Muslim brothers. He further appealed that hatred material against Islam and other
Published 18 Sep, 2012 12:00am
DPC to hold long march on October 1

DPC to hold long march on October 1

Difa-e-Pakistan Council on Monday announced that it would hold a long march on October 1 from Peshawar to Jamrud, Khyber Agency against the anti-Islam film, possible military operation in North-Waziristan and restoration of Nato supplies. The decision was
Published 18 Sep, 2012 12:00am
Pakistan automobile industry - a candid report

Pakistan automobile industry - a candid report

The automobile industry has existed in the country since the early sixties. Localisation was also present then with manufacturing of such components as tyres, battery, radiator, seats, trims and some body parts. However, the entry of Suzuki in 1983 (30 ye
Published 18 Sep, 2012 12:00am
Importance of special economic zones

Importance of special economic zones

Now when we see the assent accorded to the parliament-adopted Special Economic Zones Bill 2012, by President Asif Zardari who signed the Bill during a special ceremony held at the Presidency on September 10 last, we are reminded of the advanced economic i
Published 18 Sep, 2012 12:00am
Italian left-wing outcast aims to steal Berlusconi's thunder

Italian left-wing outcast aims to steal Berlusconi's thunder

Italy's political scene is being shaken by a local administrator who is counting on his youth and a centrist message to challenge the older generation within his Democratic Party (PD) and grab votes from potential opponent Silvio Berlusconi. On Thursday,
Published 18 Sep, 2012 12:00am
Mega tragedies

Mega tragedies

In future, besides reminding us all of the death of the Quaid, September 11, will also remind us of two mega tragedies in the industrial sector, one each in Lahore and Karachi; by September 14, combined death toll in them was 314, bodies mutilated beyond
Published 18 Sep, 2012 12:00am
Rise in cases of abduction for ransom

Rise in cases of abduction for ransom

Last month, various cases pertaining to the law and order situation in Balochistan being heard by a three-member bench at the Supreme Court's Quetta registry included a suo motu notice on the kidnapping of Dr Ghulam Rasool on his way back from work at the
Published 18 Sep, 2012 12:00am
The EU concession

The EU concession

The news that European Parliament has finally approved the long-awaited regulation to import more duty-free goods from Pakistan on 13th September, 2012 is indeed very encouraging. Such a "trade aid," it may be recalled, was first proposed about two years
Published 18 Sep, 2012 12:00am
Rimsha Masih case: police asked to file charge-sheet by September 21

Rimsha Masih case: police asked to file charge-sheet by September 21

The court directed police to submit a charge-sheet against Rimsha Masih, a Christen girl accused of committing blasphemy, till September 21. The Civil Judge, Aamir Aziz, earlier on Monday reserved the judgement in the blasphemy case against Rimsha Masih.
Published 18 Sep, 2012 12:00am
LDA notification

LDA notification

Lahore Development Authority (LDA) carried out transfer and posting of its two officials on Monday. According to a notification, Salman Raza, Assistant Director (Town Planning), working in Directorate of Private Housing Schemes has been transferred and po
Published 18 Sep, 2012 12:00am
Pesco unveils names of 40 defaulters

Pesco unveils names of 40 defaulters

Peshawar Electricity Supply Company (Pesco) on Monday unveiled the names of 40 power defaulters. The company owes Rs 0.1 million or above against these defaulters. The management of the company has warned these defaulters of initiating strict legal action
Published 18 Sep, 2012 12:00am
Quality standards: MoTI signs Rs 9.2 million pact with NPO

Quality standards: MoTI signs Rs 9.2 million pact with NPO

The Ministry of Textile Industry and National Productivity Organisation (NPO) and Ministry of Industries on Monday signed an agreement worth Rs 9.2 million with the objective to establish quality standards within textile industry and determine the level o
Published 18 Sep, 2012 12:00am
Debate on CRA: A one-sided affair?

Debate on CRA: A one-sided affair?

It seems that Pakistan will have to wait a few more years before it has a law in place for the rehabilitation, reorganisation and restructuring of distressed corporate entities and their businesses. This is what the mood suggested at the consultation meet
Published 18 Sep, 2012 12:00am
Protests against anti-Islam film continue in Islamabad

Protests against anti-Islam film continue in Islamabad

Denouncing the anti-Islam film, hundreds of people took to streets and roads and demanded of the government to declare the US ambassador and diplomats persona non grata and expel them instantly. The speakers of the protest demonstration also demanded of t
Published 18 Sep, 2012 12:00am
Lahore receives heavy downpour; life paralysed

Lahore receives heavy downpour; life paralysed

The provincial capital on Monday received heavy downpour, which inundated majority of city localities, and thus leaving the city life paralysed. The heavy downpour, which peaked in the night, left its familiar visible mark on the city. During the day the
Published 18 Sep, 2012 12:00am
Two alleged TTP men held

Two alleged TTP men held

Anti Extremist Cell (AEC) of Crime Investigation Department (CID) on Monday claimed to have arrested two alleged militants of Tehrik-e-Taliban Pakistan (TTP) and recovered weapons from their possession. According to official sources, the raid on a tip-off
Published 18 Sep, 2012 12:00am
Two arrested

Two arrested

Pakistan Coast Guards (PCG) seized 94 kilogram hashish from Garho Regulator Post on Keti Bandar Road in Thatta district of Sindh. The PCG officials had a tip-off that narcotics were being smuggled from Keti Bandar Road. During the checking at Garho Regula
Published 18 Sep, 2012 12:00am
Blasphemous film: traders announce Rs 50 million bounty to kill producer

Blasphemous film: traders announce Rs 50 million bounty to kill producer

Traders on Monday announced a Rs 50 million of bounty to kill the producer of sacrilegious film. They also announced a boycott of US products in the country. "It is the most sacrilegious attempt made against the Holy Prophet (PBUH) of Islam in the last 14
Published 18 Sep, 2012 12:00am
Tetra Pak's dairy extension course concludes

Tetra Pak's dairy extension course concludes

Tetra Pak, the world's leading food processing and packaging company concluded the 4th module of its four month long Dairy Extension training course at Solve Agri and Dairy Institute (SADI). The programme was conducted for staff of Tetra Pak's Dairy Hub p
Published 18 Sep, 2012 12:00am
Better coordination directed in removal of dengue larvae

Better coordination directed in removal of dengue larvae

Special Assistant to Chief Minister Punjab on Health, Khawaja Salman Rafique has expressed dissatisfaction over dengue larvae eradication reports submitted by Cantonment Board, Health Department besides other departments and directed the officers of all d
Published 18 Sep, 2012 12:00am
Supreme Court urged to scrap death penalty

Supreme Court urged to scrap death penalty

An application has been filed at Supreme Court Lahore Registry seeking early hearing of a pending petition against capital punishment in Pakistan. Watan Party's Barrister Zafarullah Khan said many hundred accused had been languishing in jails on death row
Published 18 Sep, 2012 12:00am
Former Town Nazim Dr Pervez killed

Former Town Nazim Dr Pervez killed

Former Nazim, Liaquatabad Town Dr Pervez Mehmood and his friend Khaliq were targeted by armed assailants when they were travelling in a car (Z-6767) at KDA Chowrangi Monday night. Both sustained fatal bullet wounds and died on the spot. The bodies were sh
Published 18 Sep, 2012 12:00am
PPPRA accuses TCP of violation of tender rules

PPPRA accuses TCP of violation of tender rules

Pakistan Public Procurement Regulatory Authority (PPPRA) has accused Trading Corporation of Pakistan (TCP) for violating period requirement rules in tender of transport acquiring for sugar export to Tajikistan. Sources told Business Recorder on Mon
Published 18 Sep, 2012 12:00am
Anti-Islam film: SHCBA calls for boycott of countries involved

Anti-Islam film: SHCBA calls for boycott of countries involved

Sindh High Court Bar Association (SHCBA) on Monday announced to boycott the products of countries which are involved in blasphemous acts, asking the European and US legislatures to make laws to protect the sacredness of Islam in the western societies.
Published 18 Sep, 2012 12:00am
Three listed companies rectified the default: KSE

Three listed companies rectified the default: KSE

Three listed companies, presently quoted in the defaulters segment of Karachi Stock Exchange, have rectified the default of Listing Regulation No 30(1)(e) relating to non-payment of annual listing fee. In view of the above, the suspension of trading in th
Published 18 Sep, 2012 12:00am
MWM activist laid to rest

MWM activist laid to rest

The funeral procession of a worker of Majlis-e-Wahdat-e-Muslimeen (MWM) turned violent at Shahrea Pakistan where angry workers torched a passenger bus and suspended all commercial and social activities. 42-year-old Ali Raza Taqvi, who got injured during a
Published 18 Sep, 2012 12:00am
Doctor among seven shot dead

Doctor among seven shot dead

Three persons including a doctor were killed in separate incidents of firing in various parts of the metropolis, here on Monday. According to police and rescue sources, unidentified armed men attacked a car (AEF-665) near Rehmat Chowk located at Muhammad
Published 18 Sep, 2012 12:00am
DAWH to sell its stake in DHFL to PFL

DAWH to sell its stake in DHFL to PFL

Dawood Hercules Corp (DAWH) has entered into a Memorandum of Understanding (MoU) with Pakarab Fertilisers (PFL) to sell its 100 percent stake in DH Fertilisers (DHFL) to PFL. "The board of directors of Dawood Hercules Corporation Limited (DHCL) has approv
Published 18 Sep, 2012 12:00am
'Turkey gives importance to its bilateral ties with Pakistan'

'Turkey gives importance to its bilateral ties with Pakistan'

Turkish Ambassador to Pakistan, M Babur Hizlan, has said that Turkey gives importance to its bilateral relations with Pakistan as 15 Turkish companies have confirmed their participation in Expo Pakistan, one of the Pakistan's biggest trade shows to be hel
Published 18 Sep, 2012 12:00am
Colgate Palmolive (Pakistan) Limited

Colgate Palmolive (Pakistan) Limited

Colgate Palmolive Pakistan, one of the leading manufacturers of personal care and consumer products in the country, began its operations back in 1985 when the US granted the firm license to manufacture and market Colgate Palmolive products in Pakistan.
Published 18 Sep, 2012 12:00am
Colgate Palmolive (Pakistan) Limited

Colgate Palmolive (Pakistan) Limited

Colgate Palmolive Pakistan, one of the leading manufacturers of personal care and consumer products in the country, began its operations back in 1985 when the US granted the firm license to manufacture and market Colgate Palmolive products in Pakistan.
Published 18 Sep, 2012 12:00am
Collision between trains: two killed, eight injured

Collision between trains: two killed, eight injured

At least two persons including railway guard were killed while eight others sustained injures when two passenger trains collided near Ghaghar Phatak on early Monday. According to SHO Landhi railway police station Saleem, at around 3:25 am, Shalimar Expres
Published 18 Sep, 2012 12:00am
Collision between trains: two killed, eight injured

Collision between trains: two killed, eight injured

At least two persons including railway guard were killed while eight others sustained injures when two passenger trains collided near Ghaghar Phatak on early Monday. According to SHO Landhi railway police station Saleem, at around 3:25 am, Shalimar Expres
Published 18 Sep, 2012 12:00am
Japan brandname firms shut China plants after protest violence

Japan brandname firms shut China plants after protest violence

Some major Japanese brandname firms announced factory shutdowns in China on Monday and urged expatriates to stay indoors ahead of what could be more angry protests over a territorial dispute between Asia''s two biggest economies.
Published 18 Sep, 2012 12:00am
Japan brandname firms shut China plants after protest violence

Japan brandname firms shut China plants after protest violence

Some major Japanese brandname firms announced factory shutdowns in China on Monday and urged expatriates to stay indoors ahead of what could be more angry protests over a territorial dispute between Asia's two biggest economies.
Published 18 Sep, 2012 12:00am
Japan brandname firms shut China plants after protest violence

Japan brandname firms shut China plants after protest violence

Some major Japanese brandname firms announced factory shutdowns in China on Monday and urged expatriates to stay indoors ahead of what could be more angry protests over a territorial dispute between Asia's two biggest economies.
Published 18 Sep, 2012 12:00am
The Weather

The Weather

The weather report on Monday (September 17, 2012) and the forecast for Tuesday (September 18, 2012).

Published 18 Sep, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 17, 2012).

Published 18 Sep, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 17, 2012).

Published 18 Sep, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 18 Sep, 2012 12:00am
Increase in petrol prices to fuel inflation: former finance ministers

Increase in petrol prices to fuel inflation: former finance ministers

The increase in petroleum prices would have immediate as well as long term impact on inflation, said former finance ministers. Talking to Business Recorder, Former Finance Minister, Sartaj Aziz said that increase in petroleum prices would further f
Published 18 Sep, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 18 Sep, 2012 12:00am
Increase in petrol prices to fuel inflation: former finance ministers

Increase in petrol prices to fuel inflation: former finance ministers

The increase in petroleum prices would have immediate as well as long term impact on inflation, said former finance ministers. Talking to Business Recorder, Former Finance Minister, Sartaj Aziz said that increase in petroleum prices would further f
Published 18 Sep, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 17, 2012).

Published 18 Sep, 2012 12:00am
Hedge funds back off banks as mutual funds dip in

Hedge funds back off banks as mutual funds dip in

Hedge funds who have tried to make money out of European banks during the euro debt crisis are becoming frustrated with the sector''''s erratic movements just as some bigger, and more patient, institutions are dipping tentatively back in. European bank st
Published 18 Sep, 2012 12:00am
Hedge funds back off banks as mutual funds dip in

Hedge funds back off banks as mutual funds dip in

Hedge funds who have tried to make money out of European banks during the euro debt crisis are becoming frustrated with the sector''s erratic movements just as some bigger, and more patient, institutions are dipping tentatively back in. European bank stoc
Published 18 Sep, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 17, 2012).

Published 18 Sep, 2012 12:00am
Hedge funds back off banks as mutual funds dip in

Hedge funds back off banks as mutual funds dip in

Hedge funds who have tried to make money out of European banks during the euro debt crisis are becoming frustrated with the sector's erratic movements just as some bigger, and more patient, institutions are dipping tentatively back in. European bank stock
Published 18 Sep, 2012 12:00am
Hedge funds back off banks as mutual funds dip in

Hedge funds back off banks as mutual funds dip in

Hedge funds who have tried to make money out of European banks during the euro debt crisis are becoming frustrated with the sector's erratic movements just as some bigger, and more patient, institutions are dipping tentatively back in. European bank stock
Published 18 Sep, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (September 17, 2012).

Published 18 Sep, 2012 12:00am
US launches auto case against China, Beijing fires back

US launches auto case against China, Beijing fires back

President Barack Obama on Monday said the United States was challenging Chinese auto and auto-parts subsidies that threatened American jobs as he campaigned in Ohio, an auto manufacturing state that could be decisive in the November presidential election.
Published 18 Sep, 2012 12:00am
US launches auto case against China, Beijing fires back

US launches auto case against China, Beijing fires back

President Barack Obama on Monday said the United States was challenging Chinese auto and auto-parts subsidies that threatened American jobs as he campaigned in Ohio, an auto manufacturing state that could be decisive in the November presidential election.
Published 18 Sep, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (September 17, 2012).

Published 18 Sep, 2012 12:00am
US launches auto case against China, Beijing fires back

US launches auto case against China, Beijing fires back

President Barack Obama on Monday said the United States was challenging Chinese auto and auto-parts subsidies that threatened American jobs as he campaigned in Ohio, an auto manufacturing state that could be decisive in the November presidential election.
Published 18 Sep, 2012 12:00am
Raghib appointed Wapda Chairman

Raghib appointed Wapda Chairman

Syed Raghib Abbas Shah has been appointed the Pakistan Water and Power Development Authority (Wapda) Chairman, as the Establishment Division on Monday issued the notification to this effect following approval by Prime Minister Raja Pervez Ashraf. Syed Rag
Published 18 Sep, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (September 17, 2012).

Published 18 Sep, 2012 12:00am
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