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Print - 2012-10-05
Trade between Pakistan, UK reaches $2.3 billion mark

Trade between Pakistan, UK reaches $2.3 billion mark

Bilateral trade between Pakistan and United Kingdom is on steady rise as it has reached to $2.3 billion this year. Representatives from at least 30 companies of UK have visited Pakistan to attend the ongoing 7th Expo Pakistan, said Muhammad Hamid Ali, Con
Published 05 Oct, 2012 12:00am
OMV team calls on Zardari

OMV team calls on Zardari

A delegation of OMV, an Austrian oil and gas company, headed by Jaap Huijskes, the CEO of the industrial conglomerate, called on President Asif Ali Zardari at Bilawal House on Thursday evening. Jaap Huijskes was accompanied by Erwin Kroll, Senior Vice-Pre
Published 05 Oct, 2012 12:00am
Musa terms freezing of Shahab's bank accounts unfair

Musa terms freezing of Shahab's bank accounts unfair

Syed Ali Musa Gilani, MNA, son of former prime minister Syed Yousuf Raza Gilani, bitterly criticised the freezing of 22 bank accounts of former health minister Makhdoom Shahabuddin describing it unjust and unfair. He said that he would move a privilege mo
Published 05 Oct, 2012 12:00am
Dacoits rob Rs 2.8 million from exchange company's employees

Dacoits rob Rs 2.8 million from exchange company's employees

Dacoits took away Rs 2.8 million from the employees of money exchange company in Khiyaban-e-Ittehad Commercial area falling in the limits of Gizri police station. Police said that armed robbers intercepted security guards of a private money exchange compa
Published 05 Oct, 2012 12:00am
Non-bailable warrants issued for arrest of Asim Malik

Non-bailable warrants issued for arrest of Asim Malik

The Lahore High Court on Thursday while issuing non-bailable arrest warrants of owner of a visa consultant company Asim Malik, directed Federal Investigation Agency (FIA) to register cases against the firm on all complaints filed against it. The court was
Published 05 Oct, 2012 12:00am
Khairpur declared Metropolitan Corporation

Khairpur declared Metropolitan Corporation

The Government of Sindh, under Section 8 of the Local Government Ordinance 2012, and with the approval of competent authority, has declared and constituted Khairpur District as Metropolitan Corporation comprising the areas of Khairpur District.
Published 05 Oct, 2012 12:00am
Four gunned down in various parts of Karachi

Four gunned down in various parts of Karachi

At least four people were gunned down in different parts of the city here on Thursday. In the first incident, bullet-riddled body of a prominent singer was found in his car parked in Nashter Road area within the precincts of Garden police station.
Published 05 Oct, 2012 12:00am
The Weather

The Weather

The weather report on Thursday (October 05, 2012) and the forecast for Friday (October 06, 2012).

Published 05 Oct, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (October 05, 2012).

Published 05 Oct, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 05 Oct, 2012 12:00am
Centre set to hand over Gwadar port to Chinese firm

Centre set to hand over Gwadar port to Chinese firm

The government is set to hand over Gwadar port to a Chinese company with the same concession, terms and conditions that were earlier agreed with Port Singapore Authority (PSA), informed sources revealed. However, non-clearance of allocated land required f
Published 05 Oct, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 05 Oct, 2012 12:00am
Centre set to hand over Gwadar port to Chinese firm

Centre set to hand over Gwadar port to Chinese firm

The government is set to hand over Gwadar port to a Chinese company with the same concession, terms and conditions that were earlier agreed with Port Singapore Authority (PSA), informed sources revealed. However, non-clearance of allocated land required f
Published 05 Oct, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (October 05, 2012).

Published 05 Oct, 2012 12:00am
Centre set to hand over Gwadar port to Chinese firm

Centre set to hand over Gwadar port to Chinese firm

The government is set to hand over Gwadar port to a Chinese company with the same concession, terms and conditions that were earlier agreed with Port Singapore Authority (PSA), informed sources revealed. However, non-clearance of allocated land required f
Published 05 Oct, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (October 05, 2012) and for Friday (October 06, 2012).
Published 05 Oct, 2012 12:00am
OIL and IOC jointly acquire 30 percent stake in Carrizo''s shale assets

OIL and IOC jointly acquire 30 percent stake in Carrizo''s shale assets

Oil India Limited (OIL) and Indian Oil Corporation (IOCL) have jointly acquired a stake in Carrizo''s liquid rich shale assets in the Niobrara basin in Colorado, USA through their wholly owned US subsidiaries. Their first ever upstream acquisition in the
Published 05 Oct, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 05, 2012).

Published 05 Oct, 2012 12:00am
OIL and IOC jointly acquire 30 percent stake in Carrizo's shale assets

OIL and IOC jointly acquire 30 percent stake in Carrizo's shale assets

Oil India Limited (OIL) and Indian Oil Corporation (IOCL) have jointly acquired a stake in Carrizo's liquid rich shale assets in the Niobrara basin in Colorado, USA through their wholly owned US subsidiaries. Their first ever upstream acquisition in the U
Published 05 Oct, 2012 12:00am
OIL and IOC jointly acquire 30 percent stake in Carrizo's shale assets

OIL and IOC jointly acquire 30 percent stake in Carrizo's shale assets

Oil India Limited (OIL) and Indian Oil Corporation (IOCL) have jointly acquired a stake in Carrizo's liquid rich shale assets in the Niobrara basin in Colorado, USA through their wholly owned US subsidiaries. Their first ever upstream acquisition in the U
Published 05 Oct, 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 (October 05, 2012).

Published 05 Oct, 2012 12:00am
Opening new branch: SBP makes instalment of ATM mandatory

Opening new branch: SBP makes instalment of ATM mandatory

The State Bank of Pakistan (SBP) has made it mandatory for all banks operating in the country to add at least one Automated Teller Machine (ATM) in their network while opening a new branch in a Calendar Year (CY) from next year. This directive has been is
Published 05 Oct, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 05, 2012).

Published 05 Oct, 2012 12:00am
Opening new branch: SBP makes instalment of ATM mandatory

Opening new branch: SBP makes instalment of ATM mandatory

The State Bank of Pakistan (SBP) has made it mandatory for all banks operating in the country to add at least one Automated Teller Machine (ATM) in their network while opening a new branch in a Calendar Year (CY) from next year. This directive has been is
Published 05 Oct, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 05, 2012).

Published 05 Oct, 2012 12:00am
Opening new branch: SBP makes instalment of ATM mandatory

Opening new branch: SBP makes instalment of ATM mandatory

The State Bank of Pakistan (SBP) has made it mandatory for all banks operating in the country to add at least one Automated Teller Machine (ATM) in their network while opening a new branch in a Calendar Year (CY) from next year. This directive has been is
Published 05 Oct, 2012 12:00am
India tests nuclear-capable missile

India tests nuclear-capable missile

India Thursday successfully tested a nuclear-capable, ballistic missile from an eastern military base, officials said. The surface-to-surface missile with a range of 350 kilometres was fired from a test range at Chandipur in the state of Orissa, Defence R
Published 05 Oct, 2012 12:00am
India tests nuclear-capable missile

India tests nuclear-capable missile

India Thursday successfully tested a nuclear-capable, ballistic missile from an eastern military base, officials said. The surface-to-surface missile with a range of 350 kilometres was fired from a test range at Chandipur in the state of Orissa, Defence R
Published 05 Oct, 2012 12:00am
THE RUPEE: fall versus $ continues

THE RUPEE: fall versus $ continues

Falling trend persisted on the currency market on Thursday as the rupee continued its fall versus the dollar ahead of monetary policy on Friday, dealers said. Marketmen attributed the decline to payments to the International Monetary Fund (IMF) and other
Published 05 Oct, 2012 12:00am
Cyber attacks hit banks, governments, firms in Europe

Cyber attacks hit banks, governments, firms in Europe

Major banks, telecommunication companies, internet providers and governments in Europe were dealing on Thursday with hundreds of cyber attacks - with limited panic, however, as the assaults were part of the Cyber Europe 2012 readiness exercise. "If real,
Published 05 Oct, 2012 12:00am
THE RUPEE: fall versus $ continues

THE RUPEE: fall versus $ continues

Falling trend persisted on the currency market on Thursday as the rupee continued its fall versus the dollar ahead of monetary policy on Friday, dealers said. Marketmen attributed the decline to payments to the International Monetary Fund (IMF) and other
Published 05 Oct, 2012 12:00am
Cyber attacks hit banks, governments, firms in Europe

Cyber attacks hit banks, governments, firms in Europe

Major banks, telecommunication companies, internet providers and governments in Europe were dealing on Thursday with hundreds of cyber attacks - with limited panic, however, as the assaults were part of the Cyber Europe 2012 readiness exercise. "If real,
Published 05 Oct, 2012 12:00am
Cyber attacks hit banks, governments, firms in Europe

Cyber attacks hit banks, governments, firms in Europe

Major banks, telecommunication companies, internet providers and governments in Europe were dealing on Thursday with hundreds of cyber attacks - with limited panic, however, as the assaults were part of the Cyber Europe 2012 readiness exercise. "If real,
Published 05 Oct, 2012 12:00am
Thar coal: top government officials summoned

Thar coal: top government officials summoned

Resuming the hearing of a plea relating to provision of funds for Thar Coal project, Supreme Court on Thursday summoned Secretary Planning Commission, Secretary Petroleum and Natural Resources, Secretary Sindh Coal and Gas/Energy to appear before the cour
Published 05 Oct, 2012 12:00am
Thar coal: top government officials summoned

Thar coal: top government officials summoned

Resuming the hearing of a plea relating to provision of funds for Thar Coal project, Supreme Court on Thursday summoned Secretary Planning Commission, Secretary Petroleum and Natural Resources, Secretary Sindh Coal and Gas/Energy to appear before the cour
Published 05 Oct, 2012 12:00am
Thar coal: top government officials summoned

Thar coal: top government officials summoned

Resuming the hearing of a plea relating to provision of funds for Thar Coal project, Supreme Court on Thursday summoned Secretary Planning Commission, Secretary Petroleum and Natural Resources, Secretary Sindh Coal and Gas/Energy to appear before the cour
Published 05 Oct, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (October 05, 2012).

Published 05 Oct, 2012 12:00am
National Assembly panel berates APTMA for fleecing farmers

National Assembly panel berates APTMA for fleecing farmers

All Pakistan Textile Manufacturers Association (APTMA) on Thursday came under fire in the National Assembly''s Standing Committee on Commerce for getting a large share of export development fund and fleecing poor cotton growers.
Published 05 Oct, 2012 12:00am
National Assembly panel berates APTMA for fleecing farmers

National Assembly panel berates APTMA for fleecing farmers

All Pakistan Textile Manufacturers Association (APTMA) on Thursday came under fire in the National Assembly's Standing Committee on Commerce for getting a large share of export development fund and fleecing poor cotton growers.
Published 05 Oct, 2012 12:00am
National Assembly panel berates APTMA for fleecing farmers

National Assembly panel berates APTMA for fleecing farmers

All Pakistan Textile Manufacturers Association (APTMA) on Thursday came under fire in the National Assembly's Standing Committee on Commerce for getting a large share of export development fund and fleecing poor cotton growers.
Published 05 Oct, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Oct, 2012 12:00am
Board meetings in progress

Board meetings in progress

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

Published 05 Oct, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Oct, 2012 12:00am
Pakistan likely to miss cotton target by 1.5 million bales

Pakistan likely to miss cotton target by 1.5 million bales

Pakistan is likely to miss the cotton production target of 15 million bales set for 2012-13 and is likely to harvest no more than 13.5 million bales because of a decrease in sowing area as well as flash floods in major crop production areas of Sindh and P
Published 05 Oct, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 Oct, 2012 12:00am
Pakistan likely to miss cotton target by 1.5 million bales

Pakistan likely to miss cotton target by 1.5 million bales

Pakistan is likely to miss the cotton production target of 15 million bales set for 2012-13 and is likely to harvest no more than 13.5 million bales because of a decrease in sowing area as well as flash floods in major crop production areas of Sindh and P
Published 05 Oct, 2012 12:00am
Pakistan likely to miss cotton target by 1.5 million bales

Pakistan likely to miss cotton target by 1.5 million bales

Pakistan is likely to miss the cotton production target of 15 million bales set for 2012-13 and is likely to harvest no more than 13.5 million bales because of a decrease in sowing area as well as flash floods in major crop production areas of Sindh and P
Published 05 Oct, 2012 12:00am
SSGC unveils gas supply closure schedule

SSGC unveils gas supply closure schedule

Sui Southern Gas Company on Thursday announced that curtailed gas supply from different gas fields has caused line pack depletion and has resulted in low pressure in the system. In this view, supply of gas to all industrial units and captive power plants
Published 05 Oct, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Oct, 2012 12:00am
SSGC unveils gas supply closure schedule

SSGC unveils gas supply closure schedule

Sui Southern Gas Company on Thursday announced that curtailed gas supply from different gas fields has caused line pack depletion and has resulted in low pressure in the system. In this view, supply of gas to all industrial units and captive power plants
Published 05 Oct, 2012 12:00am
SSGC unveils gas supply closure schedule

SSGC unveils gas supply closure schedule

Sui Southern Gas Company on Thursday announced that curtailed gas supply from different gas fields has caused line pack depletion and has resulted in low pressure in the system. In this view, supply of gas to all industrial units and captive power plants
Published 05 Oct, 2012 12:00am
Putin's Presidency - III

Putin's Presidency - III

Russian roulette is a dangerous game in which a person shoots at their own head with a gun that contains a bullet in only one of its chambers, so that the person does not know if the gun will fire or not. Vladimir Putin was famously accused of playing Rus
Published 05 Oct, 2012 12:00am
Putin's Presidency - III

Putin's Presidency - III

Russian roulette is a dangerous game in which a person shoots at their own head with a gun that contains a bullet in only one of its chambers, so that the person does not know if the gun will fire or not. Vladimir Putin was famously accused of playing Rus
Published 05 Oct, 2012 12:00am
Kayani visits tomb of unknown soldier at Kremlin

Kayani visits tomb of unknown soldier at Kremlin

Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani on the first day of his visit to Moscow on Thursday visited the tomb of unknown soldier at Kremlin to lay a wreath. He was received by the Commander-in-Chief Ground Forces Colonel General Vladimir C
Published 05 Oct, 2012 12:00am
Kayani visits tomb of unknown soldier at Kremlin

Kayani visits tomb of unknown soldier at Kremlin

Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani on the first day of his visit to Moscow on Thursday visited the tomb of unknown soldier at Kremlin to lay a wreath. He was received by the Commander-in-Chief Ground Forces Colonel General Vladimir C
Published 05 Oct, 2012 12:00am
Drone attacks: Russia supports Pakistan's stance

Drone attacks: Russia supports Pakistan's stance

Russia on Thursday put its weight behind Pakistan's stance on US drone strikes, saying that violation of the sovereignty of any state was unacceptable, besides agreeing to increase co-operation in several areas, including political and economic sectors. T
Published 05 Oct, 2012 12:00am
Drone attacks: Russia supports Pakistan's stance

Drone attacks: Russia supports Pakistan's stance

Russia on Thursday put its weight behind Pakistan's stance on US drone strikes, saying that violation of the sovereignty of any state was unacceptable, besides agreeing to increase co-operation in several areas, including political and economic sectors. T
Published 05 Oct, 2012 12:00am
BRIndex30 gains 71 points

BRIndex30 gains 71 points

On Thursday, BRIndex30 opened at 10,806.43 and remained positive throughout the trading session. It touched an intraday high of 10,914.89 and an intraday low of 10,832.36 and closed at 10,877.43 which was 71 points or 0.66 percent higher than previous clo
Published 05 Oct, 2012 12:00am
BRIndex30 gains 71 points

BRIndex30 gains 71 points

On Thursday, BRIndex30 opened at 10,806.43 and remained positive throughout the trading session. It touched an intraday high of 10,914.89 and an intraday low of 10,832.36 and closed at 10,877.43 which was 71 points or 0.66 percent higher than previous clo
Published 05 Oct, 2012 12:00am
Index surges by 76 points

Index surges by 76 points

A bullish trend continued on the Karachi share market and the benchmark KSE-100 index on Thursday increased by 76.75 points to close at the highest ever level of 15,788.96 points. "Expectation of further easing interest rate kept the investors interest in
Published 05 Oct, 2012 12:00am
Index surges by 76 points

Index surges by 76 points

A bullish trend continued on the Karachi share market and the benchmark KSE-100 index on Thursday increased by 76.75 points to close at the highest ever level of 15,788.96 points. "Expectation of further easing interest rate kept the investors interest in
Published 05 Oct, 2012 12:00am
Index surges by 76 points

Index surges by 76 points

A bullish trend continued on the Karachi share market and the benchmark KSE-100 index on Thursday increased by 76.75 points to close at the highest ever level of 15,788.96 points. "Expectation of further easing interest rate kept the investors interest in
Published 05 Oct, 2012 12:00am
Import of 200,000 tons of urea allowed

Import of 200,000 tons of urea allowed

The Economic Co-ordination Committee (ECC) of Cabinet has allowed immediate import of 200,000 tons of urea for Rabi season on a summary submitted by the Ministry of Industries (MoI), official sources told Business Recorder. "The Ministry of Industr
Published 05 Oct, 2012 12:00am