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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-09-26
Gold rises in Europe

Gold rises in Europe

Gold prices rose back above $1,770 an ounce on Tuesday as the euro hit session highs versus the dollar, and following data that showed central banks added to their bullion holdings in July and August, led by South Korea and Paraguay. The metal has risen n
Published 26 Sep, 2012 12:00am
US MIDDAY: soya slips

US MIDDAY: soya slips

US soyabeans turned lower by midday on Tuesday as the fast-advancing harvest in the world's top grains exporter overwhelmed support from talk of end-user demand and a weak dollar, underscoring the downward bias in the market at the moment. Futures had reb
Published 26 Sep, 2012 12:00am
US MIDDAY: copper gains

US MIDDAY: copper gains

Copper rose on Tuesday, recovering nearly all of the prior day's losses, after a double dose of positive economic data in the United States bolstered investor appetite for risk. In New York, COMEX copper for December delivery rose 2.70 cents to settle at
Published 26 Sep, 2012 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold edged lower in choppy trade on Tuesday, tracking equity and commodity markets, as selling related to an option expiration and technical weakness erased the metal's early gains. Traders said that some disappointed futures investors sold as current pri
Published 26 Sep, 2012 12:00am
Imparting skill helps develop home-based industries: vice chancellor

Imparting skill helps develop home-based industries: vice chancellor

Imparting skills to women entrepreneurs played crucial role in empowering women, University of Peshawar's Vice-Chancellor Professor Dr Qibla Ayaz said on Tuesday. Addressing a certificate distribution ceremony among participants of a six-day skill develop
Published 26 Sep, 2012 12:00am
If convicted, Malik can't hold public office: Dilshad

If convicted, Malik can't hold public office: Dilshad

If Interior Minister Rehman Malik is convicted for violating constitutional provisions and Representation of People's Act 1976, he will be unable to hold any public office or be a member of any political party, former Secretary Election Commission of Paki
Published 26 Sep, 2012 12:00am
PDA BoD elects Yawar, Basharat unopposed

PDA BoD elects Yawar, Basharat unopposed

Board of Directors of the Pakistan Dairy Association (PDA) has elected unopposed Syed Yawar Ali of Nestle Pakistan Limited as Chairman and Basharat Ahmad of Unilever Pakistan as Vice Chairman of the Association for a period commencing from October 1, 2012
Published 26 Sep, 2012 12:00am
Chinese military delegation meets Prime Minister

Chinese military delegation meets Prime Minister

A six-member Chinese delegation led by General, Ma Xiaotian, Deputy Chief of General Staff, People Republic of China, called on Prime Minister Raja Pervez Ashraf here on Tuesday. They discussed the matters on bilateral interests. The Prime Minister said,
Published 26 Sep, 2012 12:00am
Khyber Pakhtunkhwa to construct FWCs, RHSCs in various districts

Khyber Pakhtunkhwa to construct FWCs, RHSCs in various districts

A high-level meeting of the department of Population Welfare was informed on Tuesday that establishment of 75 family welfare centres (FWCs) in various districts of the province, construction of buildings for Reproductive Health Service Centre (RHSC) in di
Published 26 Sep, 2012 12:00am
World Heart Day walk on September 29

World Heart Day walk on September 29

The Sharif Medical City Hospital's Heart Centre is arranging a walk and free medical camp in connection with World Heart Day on 29th September 2012, to promote public awareness regarding importance of heart in the human body. The walk will commence at 9.3
Published 26 Sep, 2012 12:00am
FPCCI opposes proposal to form Pak-India Joint Business Council

FPCCI opposes proposal to form Pak-India Joint Business Council

Haji Fazal Kadir Khan Sherani, President FPCCI has strongly opposed the proposal to form an India-Pakistan Joint Business Council which was discussed during the recently concluded Commerce Secretary Level talks held between India and Pakistan with the aim
Published 26 Sep, 2012 12:00am
KCCI, KU sign MoU to promote entrepreneurship

KCCI, KU sign MoU to promote entrepreneurship

The Karachi Chamber of Commerce and Industry (KCCI) and University of Karachi (KU), under Universities-Industries Linkage programme of KCCI, signed memorandum of understanding (MoU) to promote entrepreneurship and produce professionals as per need of corp
Published 26 Sep, 2012 12:00am
Balochistan flood-hit area: 50 truckloads of relief goods sent

Balochistan flood-hit area: 50 truckloads of relief goods sent

Director General Provincial Disaster Management Mujahid Sherdil on Tuesday said that on the instructions of Chief Minister Punjab Muhammad Shahbaz Sharif, the 50 trucks with 400 metric tons edibles and relief items are being sent to the flood affected are
Published 26 Sep, 2012 12:00am
Asia Pacific ranking: OMD leads Recma's Compitches 2011

Asia Pacific ranking: OMD leads Recma's Compitches 2011

OMD scored 63 points and was ranked number one among media companies for competitiveness in pitches in 2011 and past three years for Asia Pacific. OMD was followed in the rankings by Aegis, Carat and GroupM's Maxus. Recma is the only research company that
Published 26 Sep, 2012 12:00am
Customs block export of leather garments with fur trimmings

Customs block export of leather garments with fur trimmings

Pakistan Customs has stopped export of leather garments with fur trimmings and seeking export permits of National Council for Conservation of Wildlife (NCCW) Islamabad. Exporters said that Customs Export Collectorate had disallowed all such exports since
Published 26 Sep, 2012 12:00am
Pakistani envoy seeks to improve country's perception abroad

Pakistani envoy seeks to improve country's perception abroad

Pakistan Ambassador-designate to Japan, Farukh Amil has urged businessmen to attract Japanese entrepreneurs to invest in Pakistan and improve perception about Pakistan abroad. He was responding to various suggestions made by members of Karachi Chamber of
Published 26 Sep, 2012 12:00am
Sales tax cut makes no reduction in tea prices

Sales tax cut makes no reduction in tea prices

Despite a cut in sales tax on imports, which declined to 16 percent from 19 percent, the price of black tea continue to surge on the retail market, traders told Business Recorder on Tuesday. "The increasing price of black tea on the international m
Published 26 Sep, 2012 12:00am
Kati asks units to comply with fire, safety requirements

Kati asks units to comply with fire, safety requirements

The Korangi Association of Trade and Industry (Kati) has advised industries in the Korangi Industrial Area (KIA) to comply with the fire and safety requirements in their respective units in order to avoid any fire hazard.
Published 26 Sep, 2012 12:00am
Pre-emptive strike

Pre-emptive strike

Only a couple of days ago, a senior official of Revolutionary Guard said that Iran could launch a pre-emptive strike if Israel prepares to attack it. Israel ratcheted up war rhetoric during the recent weeks because in its calculus the time before the Nove
Published 26 Sep, 2012 12:00am
Latvian memorial sees Waffen SS as freedom fighters

Latvian memorial sees Waffen SS as freedom fighters

Almost 70 years after the end of World War II, a monument to local Waffen-SS troops in Latvia has caused heightened tensions between Russia and the Baltic state. Russia sees the memorial, which was unveiled last week in Bauska, as a glorification of Natio
Published 26 Sep, 2012 12:00am
Taiwanese war criminal sees himself as victim

Taiwanese war criminal sees himself as victim

"War criminal" is not the first expression that comes to mind when seeing white-haired Chou Ching-feng in his living room in central Taiwan, sipping tea with his daughter, son-in-law and grandchildren. But nearly 70 years ago, he worked for the Japanese a
Published 26 Sep, 2012 12:00am
The manager

The manager

"Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes"- Peter Drucker. It might be enlightening for the readers to know that that Mr Fredrick Winslow Taylor (1856-1915) is considered the father
Published 26 Sep, 2012 12:00am
Dual nationality verdict

Dual nationality verdict

The inevitable has happened for eleven members of Parliament fighting a losing battle over dual nationality in the Supreme Court of Pakistan. Announcing its judgement on the case last Thursday, a three-member bench disqualified four legislators from the N
Published 26 Sep, 2012 12:00am
Let BISP grow

Let BISP grow

An unsavoury critique of Benazir Income Support Programme (BISP) has erupted with the opposition political parties alleging that taxpayer's money is being misused by the political party in power to buy the next general election. This mega socio-economic p
Published 26 Sep, 2012 12:00am
Punjab government praised for achieving targets

Punjab government praised for achieving targets

The World Health Organisation (WHO) and Unicef have praised the Punjab government's efforts for achieving anti-polio campaign targets in sensitive cities such as Lahore. According to a report compiled by both the organisations, anti-polio vaccination camp
Published 26 Sep, 2012 12:00am
Kacchi Canal's cost surges 100 percent, Senate body told

Kacchi Canal's cost surges 100 percent, Senate body told

Planning Commission has said that cost of Kacchi Canal phase-1 project has been increased by around 100 percent to Rs 57 billion from Rs 31 billion. Officials of Planning Commission stated this here on Tuesday during briefing to the Senate sub-committee o
Published 26 Sep, 2012 12:00am
SRB says it intends to work with PRA

SRB says it intends to work with PRA

Keeping in view the queries of taxpayers regarding the section-4 of Punjab Sales Tax on Services Act 2012, Sindh Revenue Board (SRB) on Tuesday notified to its taxpayers that they (taxpayers) continue paying tax according to Sindh Sales Tax on Services Ac
Published 26 Sep, 2012 12:00am
Industrial units criticise new power load management formula

Industrial units criticise new power load management formula

The industrial units on independent feeders have termed the new load management formula equal to out of frying pan into fire with no idea as who is behind this anti-industry step. According to the new formula, exemption from loadshedding to the industrial
Published 26 Sep, 2012 12:00am
Rulers urged to pay attention to FATA issues

Rulers urged to pay attention to FATA issues

Pakistan Muslim League-Q, Central Senior Vice President and Co-ordinator FATA, Ajmal Wazir said that the tribal areas should be accepted as part of Pakistan and needs a serious attention of rulers, which was the most neglected part of the country, saying
Published 26 Sep, 2012 12:00am
Christian community protests attack on church in Mardan

Christian community protests attack on church in Mardan

Condemning the torching of a church in district Mardan, the Christian Community on Tuesday held a protest demonstration on the main Sher Shah Suri road near Peshawar Press Club, demanding exemplary punishment for the involved people. Carrying placards and
Published 26 Sep, 2012 12:00am
WFP begins food distribution among flood-hit people

WFP begins food distribution among flood-hit people

The United Nations World Food Programme (WFP) has begun food distribution among tens of thousands of people affected by monsoon floods in Sindh province with plans to gear up operations to reach the most severely affected areas of Balochistan.
Published 26 Sep, 2012 12:00am
PML condemns Mazharul Haq's statement about Musharraf

PML condemns Mazharul Haq's statement about Musharraf

Aasia Ishaque, Central Secretary Information APML has condemned the criticism made by PPP's Pir Mazhar-ul-Haq on APML's chief, saying that Pervez Musharraf's statement regarding Benazir Bhutto's assassination is based on solid realities. In a statement is
Published 26 Sep, 2012 12:00am
SUPARCO, CSNO hold symposium on GNSS, applications

SUPARCO, CSNO hold symposium on GNSS, applications

The inaugural of Symposium on "Global Navigation Satellite System (GNSS) and its Applications and first ever international exposure of "BeiDou Navigation Satellite System was held here on Tuesday, 25 September 2012 at a local hotel.
Published 26 Sep, 2012 12:00am
Altaf, Allama Ashrafi discuss Inter-faith harmony, religious issues

Altaf, Allama Ashrafi discuss Inter-faith harmony, religious issues

MQM leader Altaf Hussain talked to the chairman of Pakistan Ulema Council Allama Tahir Ashrafi on the telephone and discussed the overall situation of Pakistan, national and international issues. Inter-faith harmony and different issues relating to religi
Published 26 Sep, 2012 12:00am
Samad, Adam elected unopposed

Samad, Adam elected unopposed

Abdus Samad and Omar G Adam have been elected unopposed as Chairman and Vice-Chairman of Pakistan Cloth Merchant Association (PCMA) for the year 2012-13, respectively. The election committee received six nominations papers for the executive committee.
Published 26 Sep, 2012 12:00am
Newly posted US Consul General calls on Sindh chief minister

Newly posted US Consul General calls on Sindh chief minister

Newly posted Consul General of USA Michael Dodman Tuesday called on Chief Minister Sindh Syed Qaim Ali Shah at CM House. The Sindh CM welcomed the newly posted Consul General and apprised him Geo-political, socio-economic and literary and cultural aspects
Published 26 Sep, 2012 12:00am
Around 1500 sheep found missing!

Around 1500 sheep found missing!

In another surprising development in the Australian sheep saga, at least 1,500 sheep have been found missing from the government quarantine, which remained under the control of the local importing company. After counting of live and dead animals imported
Published 26 Sep, 2012 12:00am
Sheep importer stops media from entering quarantine

Sheep importer stops media from entering quarantine

It may be rightly said that 'something fishy' about the number and health of imported sheep in the country as the importer on Tuesday did not allow media persons from visiting the government quarantine, where these animals have been kept.
Published 26 Sep, 2012 12:00am
The Weather

The Weather

The weather report on Tuesday (September 25, 2012) and the forecast for Wednesday (September 26, 2012).

Published 26 Sep, 2012 12:00am
Visa consultancy firm CEO: LHC asks FIA to conclude inquiry

Visa consultancy firm CEO: LHC asks FIA to conclude inquiry

The Lahore High Court here Tuesday directed the Federal Investigation Agency (FIA) to conclude its inquiry against a visa consultancy firm's chief executive officer Asim Malik and submit it before the court on September 28. The court issued this direction
Published 26 Sep, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 25, 2012).

Published 26 Sep, 2012 12:00am
Surging bank robberies indicate poor performance of LEAs?

Surging bank robberies indicate poor performance of LEAs?

The unabated incidents of bank heists in September have put a big question mark over the performance of Law Enforcement Agencies (LEAs) as yet another private bank branch was deprived of Rs 0.7 million in broad daylight in the limits of New Town police st
Published 26 Sep, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 26 Sep, 2012 12:00am
Fraud charges: Woman banker denied bail

Fraud charges: Woman banker denied bail

A woman banker was denied bail by the banking court over allegations that she transferred money from customers accounts with the help of a colleague in the operations department of Barclays Bank Pakistan (BBP) on Tuesday. According to the FIR lodged by BB
Published 26 Sep, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 26 Sep, 2012 12:00am
Al Meezan announces dividend for MBF

Al Meezan announces dividend for MBF

The meeting of the Board of Directors of Al Meezan Investment Management Limited (Al Meezan), the Asset Management company of Meezan Balanced Fund (MBF), Meezan Islamic Fund (MIF), Al Meezan Mutual Fund (AMMF), Meezan Islamic Income Fund (MIIF), Meezan Ca
Published 26 Sep, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (September 25, 2012).

Published 26 Sep, 2012 12:00am
Al Meezan announces dividend for MBF

Al Meezan announces dividend for MBF

The meeting of the Board of Directors of Al Meezan Investment Management Limited (Al Meezan), the Asset Management company of Meezan Balanced Fund (MBF), Meezan Islamic Fund (MIF), Al Meezan Mutual Fund (AMMF), Meezan Islamic Income Fund (MIIF), Meezan Ca
Published 26 Sep, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (September 25, 2012).

Published 26 Sep, 2012 12:00am
3G EVO Nitro product dongles: PTCL reduces recharge by 30 percent

3G EVO Nitro product dongles: PTCL reduces recharge by 30 percent

In a continued commitment to bring modern telecommunication solutions at affordable rates for its valued customers, Pakistan Telecommunication Company Limited (PTCL) has reduced the monthly recharge by 30 percent, offering massive savings on its 3G EVO Ni
Published 26 Sep, 2012 12:00am
Better water management: US, Pakistan help farmers increase profits

Better water management: US, Pakistan help farmers increase profits

The United States and Pakistan launched an annual workshop on September 20th focused on informing Pakistani farmers about irrigation methods that increase harvests through efficient water use. The United States has funded five demonstration land plots to
Published 26 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 Tuesday (September 25, 2012).

Published 26 Sep, 2012 12:00am
Khyber Pakhtunkhwa senior minister disowns Bilour's statement

Khyber Pakhtunkhwa senior minister disowns Bilour's statement

Khyber Pakhtunkhwa Senior Minister, and ANP leader, Bashir Ahmad Bilour has disowned the statement of the Federal Minister for Railways regarding the bounty on head of the anti-Islam filmmaker, saying that the party is seriously concerned about the ANP se
Published 26 Sep, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 25, 2012).

Published 26 Sep, 2012 12:00am
Imran urges people to join peace march to Waziristan on October 7

Imran urges people to join peace march to Waziristan on October 7

Pakistan Tehreek-e-Insaf Chairman Imran Khan has invited every one to join him for the peace march to Waziristan against the drone attacks on October 7. He was addressing a press conference on Tuesday on the joining of former PML MNA Naeem Hussain Chatha
Published 26 Sep, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 25, 2012).

Published 26 Sep, 2012 12:00am
Wagha Border: PAC seeks details about parking fee collection by Rangers

Wagha Border: PAC seeks details about parking fee collection by Rangers

The National Assembly's Public Accounts Committee (PAC) on Tuesday sought details from the Ministry of Interior about collection of parking fee by Rangers deputed at Wagha Border. Nadeem Afzal Gondal chairing the meeting of PAC wanted to know are Rangers
Published 26 Sep, 2012 12:00am
CASA to hold conference tomorrow

CASA to hold conference tomorrow

The Chartered Accountants Students' Association (CASA), South is going to organise Annual Chartered Accountant Students' Conference on September 27 in Karachi. The theme of the moot will be "Reasons to Believe". Renowned nuclear scientist, Dr Abdul Qadeer
Published 26 Sep, 2012 12:00am
Commissioner Lahore vows to continue anti-dengue campaign

Commissioner Lahore vows to continue anti-dengue campaign

Commissioner Lahore Division Jawad Rafique Malik has said that the administration would not sit back as long as the dengue continues to multiply during the current season and vowed to continue the anti-dengue campaign. He expressed these views while visit
Published 26 Sep, 2012 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Steadier trend was seen on the currency market on Tuesday as the rupee maintained its overnight levels against the dollar due to comfortable supply position, market-men said. The rupee managed to hold its overnight level at 94.55 while it gained one-paisa
Published 26 Sep, 2012 12:00am
Six alleged criminals held

Six alleged criminals held

Crime Investigation Department (CID) of the Sindh police on Tuesday claimed to have nabbed six alleged felons and recovered weapons from their possession. According to official sources, the raid on a tipoff was conducted at Pehlwan Goth that led the arres
Published 26 Sep, 2012 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Steadier trend was seen on the currency market on Tuesday as the rupee maintained its overnight levels against the dollar due to comfortable supply position, market-men said. The rupee managed to hold its overnight level at 94.55 while it gained one-paisa
Published 26 Sep, 2012 12:00am
Blasphemy: RIG to submit draft of petition to UN today

Blasphemy: RIG to submit draft of petition to UN today

Religious Intolerance Group (RIG) would submit today (Wednesday) a draft petition to the United Nations and all foreign embassies to urge them to introduce an international law to control the menace of blasphemy against religions and holy personalities.
Published 26 Sep, 2012 12:00am
Haris, labourers are backbone of economy: Sindh chief minister

Haris, labourers are backbone of economy: Sindh chief minister

Sindh Chief Minister Syed Qaim Ali Shah has said that Haris and labourers are backbone of economy of any country and both working classes are real power of Pakistan People's Party, while the present government had fully protected the rights of working cla
Published 26 Sep, 2012 12:00am
KSE elects four member directors

KSE elects four member directors

The members of Karachi Stock Exchange (KSE) on Tuesday elected four member directors for the next three-year term. An extraordinary general meeting of KSE members, called to elect the four member directors, was attended by 206 members either in person or
Published 26 Sep, 2012 12:00am
Father, two sons among 13 gunned down in Karachi

Father, two sons among 13 gunned down in Karachi

At least 13 persons including three family members and two activists of Muttahida Qaumi Movement (MQM) were killed in separate incidents of violence in the metropolis, here on Tuesday. According to police and rescue sources, a man and his two sons were ki
Published 26 Sep, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (September 25, 2012).

Published 26 Sep, 2012 12:00am
Issuance of Rs 82 billion TFC fails to resolve circular debt issue

Issuance of Rs 82 billion TFC fails to resolve circular debt issue

The government has been unable to resolve the problem of circular debt despite issuing Rs 82 billion Term Finance Certificates (TFC) on September 11. An official informed this correspondent that the circular debt continued to adversely affect power genera
Published 26 Sep, 2012 12:00am
Issuance of Rs 82 billion TFC fails to resolve circular debt issue

Issuance of Rs 82 billion TFC fails to resolve circular debt issue

The government has been unable to resolve the problem of circular debt despite issuing Rs 82 billion Term Finance Certificates (TFC) on September 11. An official informed this correspondent that the circular debt continued to adversely affect power genera
Published 26 Sep, 2012 12:00am
Issuance of Rs 82 billion TFC fails to resolve circular debt issue

Issuance of Rs 82 billion TFC fails to resolve circular debt issue

The government has been unable to resolve the problem of circular debt despite issuing Rs 82 billion Term Finance Certificates (TFC) on September 11. An official informed this correspondent that the circular debt continued to adversely affect power genera
Published 26 Sep, 2012 12:00am
Issuance of Rs 82 billion TFC fails to resolve circular debt issue

Issuance of Rs 82 billion TFC fails to resolve circular debt issue

The government has been unable to resolve the problem of circular debt despite issuing Rs 82 billion Term Finance Certificates (TFC) on September 11. An official informed this correspondent that the circular debt continued to adversely affect power genera
Published 26 Sep, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Sep, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Sep, 2012 12:00am
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