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Print - 2012-10-19
DTRE scheme: exporters term reduction in utilisation period 'irrational'

DTRE scheme: exporters term reduction in utilisation period 'irrational'

The Federal Board of Revenue's (FBR) move to reduce the utilisation period of input goods from two to one year under Duties and Taxes Remission for Exports (DTRE) Scheme has negatively impacted exporters. Accusing the FBR of ignoring repeated requests, ex
Published 19 Oct, 2012 12:00am
GCU wins declamation contest

GCU wins declamation contest

The Government College University (GCU) Lahore Debating Society has won the team trophy at Suparco Bilingual declamation contest. As many as 42 orators from various educational institutions took part in the declamation contest. GCU orator Khawaja Yaseen w
Published 19 Oct, 2012 12:00am
LHC directs NGO representative to appear on November 7

LHC directs NGO representative to appear on November 7

Lahore High Court (LHC) here on Thursday directed representative of a NGO Bargad to appear before the court on November 7 in a petition seeking action against the NGO accusing it of making objectionable books mandatory at girl schools of Gujranwala. The L
Published 19 Oct, 2012 12:00am
National goat show begins today

National goat show begins today

All preparations have been finalised to kick off a three-day National Goat Show at University of Agriculture from October 19 to 21, 2012. The objectives of the show is to provide an opportunity to the animals farmers to sell their sacrificial animals in t
Published 19 Oct, 2012 12:00am
Punjab chief minister's son-in-law sent on 14-day judicial remand

Punjab chief minister's son-in-law sent on 14-day judicial remand

A judicial magistrate of the Cantt Courts on Thursday sent Punjab Chief Minister's son-in-law Ali Imran, involved in Bakery employee torture case, on a 14-day judicial remand. The court issuing a notice to SHO concerned adjourned the hearing of Ali Imran'
Published 19 Oct, 2012 12:00am
Kashf Bank signs pact with MyBankersOnline

Kashf Bank signs pact with MyBankersOnline

Kashf Microfinance Bank has partnered with MyBankersOnline for online promotion of microfinance services, brand promotion and lead generation of its term deposit facilities. MyBankersOnline.com is Pakistan's pioneer website on consumer banking products an
Published 19 Oct, 2012 12:00am
Gwadar linkage road delayed: revised PC1 cost rises to Rs 12 billion

Gwadar linkage road delayed: revised PC1 cost rises to Rs 12 billion

Due to delay in completion of the project, the cost in revised PC1 of Gwadar linkage road increased from Rs 7 billion to Rs 12 billion, incurring unnecessary loss of Rs 5 billion to the national exchequer. This was revealed by the officials of National Hi
Published 19 Oct, 2012 12:00am
Abidi launches anti-judiciary diatribe

Abidi launches anti-judiciary diatribe

"I'll commit a suicide if not given an opportunity to apprise you about whatever is being done to me for speaking against judges...I'll speak today, commit suicide or launch a movement outside parliament," PPP's Senator Faisal Raza Abidi said. He came to
Published 19 Oct, 2012 12:00am
PTI Chief assures farmers of full support

PTI Chief assures farmers of full support

Pakistan Tehrik-e-Insaf (PTI) Chief Imran Khan has assured full support to the farmers who were being victimised by the rulers by sending them inflated and unjust electricity bills, cases were being instituted against the protesting farmers.
Published 19 Oct, 2012 12:00am
FBR to issue IT return form in Urdu

FBR to issue IT return form in Urdu

The Federal Board of Revenue has decided to issue an income tax return form in Urdu language to attract retailers and small and medium business units to voluntarily file their returns in national language. Sources told Business Recorder here on Thu
Published 19 Oct, 2012 12:00am
Nespak sets new record

Nespak sets new record

National Engineer-ing Services Pakistan (Nespak), a leading Organisation of Consulting Engineers, has set a new record by executing 3300 engineering projects at home and abroad since its establishment in 1973. Costing a cumulative cost of Rs 8900 billion,
Published 19 Oct, 2012 12:00am
HC welcomes release of Australian sheep

HC welcomes release of Australian sheep

The Australian High Commissioner, Peter Heyward, On Thursday welcomed the settlement of proceedings in the Sindh High Court, which will allow approximately 11,000 Australian merino sheep exported to Pakistan to be processed as intended. Independent intern
Published 19 Oct, 2012 12:00am
World Bank delegation holds meeting with Sindh chief minister

World Bank delegation holds meeting with Sindh chief minister

A four-member World Bank team led by Country Director Rachid Benmassaoud on Thursday had a meeting with Chief Minister Sindh Syed Qaim Ali Shah at CM House. The meeting was attended among others by Senior Economist Hamid Mukhtar, Senior Economist Dushayao
Published 19 Oct, 2012 12:00am
The Weather

The Weather

The weather report on Thursday (October 18, 2012) and the forecast for Friday (October 19, 2012).

Published 19 Oct, 2012 12:00am
'SECP achieving greater levels of transparency'

'SECP achieving greater levels of transparency'

Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali said here on Thursday that the SECP is achieving greater levels of transparency at all ranks and departments, including the recruitment schemes. He was addressing the participants
Published 19 Oct, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (October 18, 2012).

Published 19 Oct, 2012 12:00am
LDI operators: LTUs, RTOs told to ensure timely deduction of WHT

LDI operators: LTUs, RTOs told to ensure timely deduction of WHT

Directorate General Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue has cautioned all Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to ensure timely deduction of withholding tax by Long Distance International (LDI
Published 19 Oct, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 19 Oct, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 19 Oct, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (October 18, 2012).

Published 19 Oct, 2012 12:00am
DRA to form committee for resolving pharmaceutical sector's issues

DRA to form committee for resolving pharmaceutical sector's issues

Drug Regulatory Agency of Pakistan (DRAP) decides to establish a committee to resolve the long-outstanding issues of the pharmaceutical sector like huge increase in fee on services offered by DRAP, large number of pending registration applications and fin
Published 19 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 18, 2012).

Published 19 Oct, 2012 12:00am
Met Office forecasts rain in upper parts of country

Met Office forecasts rain in upper parts of country

A fresh westerly wave is expected to affect upper parts of the country from Friday under which isolated rain/thunderstorm is likely to hit upper Punjab, upper KP, Kohat, Bannu divisions, Kashmir and Gilgit-Baltistan on Friday. Dry weather expected elsewhe
Published 19 Oct, 2012 12:00am
'$2 billion military aid': foreign office expresses ignorance

'$2 billion military aid': foreign office expresses ignorance

Obama administration has recently given a waiver on conditions in aid to Pakistan subsequent to US Secretary of State Hillary Clinton certificate that Pakistan had made progress in war on terror, the Foreign Office said. Moazzam Ahmad Khan, Foreign Office
Published 19 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 18, 2012).

Published 19 Oct, 2012 12:00am
Five new countries join UN Security Council

Five new countries join UN Security Council

Rwanda, Argentina, Australia, South Korea and Luxembourg won non-permanent seats on the UN Security Council on Thursday. Each needed at least 129 votes from among the 193 member states of the UN General Assembly. Rwanda got 148, while Australia took 140 a
Published 19 Oct, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 18, 2012).

Published 19 Oct, 2012 12:00am
Five new countries join UN Security Council

Five new countries join UN Security Council

Rwanda, Argentina, Australia, South Korea and Luxembourg won non-permanent seats on the UN Security Council on Thursday. Each needed at least 129 votes from among the 193 member states of the UN General Assembly. Rwanda got 148, while Australia took 140 a
Published 19 Oct, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 18, 2012).

Published 19 Oct, 2012 12:00am
Newsweek ends 80-year run, goes all-digital

Newsweek ends 80-year run, goes all-digital

Newsweek announced Thursday it would end an 80-year run as a print magazine at the end of the year, taking the venerable publication all-digital to cope with a harsh media environment. "We are transitioning Newsweek, not saying goodbye to it," wrote Tina
Published 19 Oct, 2012 12:00am
Newsweek ends 80-year run, goes all-digital

Newsweek ends 80-year run, goes all-digital

Newsweek announced Thursday it would end an 80-year run as a print magazine at the end of the year, taking the venerable publication all-digital to cope with a harsh media environment. "We are transitioning Newsweek, not saying goodbye to it," wrote Tina
Published 19 Oct, 2012 12:00am
Newsweek ends 80-year run, goes all-digital

Newsweek ends 80-year run, goes all-digital

Newsweek announced Thursday it would end an 80-year run as a print magazine at the end of the year, taking the venerable publication all-digital to cope with a harsh media environment. "We are transitioning Newsweek, not saying goodbye to it," wrote Tina
Published 19 Oct, 2012 12:00am
THE RUPEE: slight changes

THE RUPEE: slight changes

In the absence of major demand, the rupee almost held the overnight levels against the dollar and euro on the currency market on Thursday, dealers said. The rupee drifted lower in relation the dollar, falling three-paisa for buying at 95.40 and inched dow
Published 19 Oct, 2012 12:00am
British vigil for Malala

British vigil for Malala

UK campaigners staged a vigil for Malala Yousufzai on Thursday as doctors said the 14-year-old girl remained in a stable condition. The teenager is being treated at a hospital in Birmingham, central England, having been flown to Britain on Monday for spec
Published 19 Oct, 2012 12:00am
THE RUPEE: slight changes

THE RUPEE: slight changes

In the absence of major demand, the rupee almost held the overnight levels against the dollar and euro on the currency market on Thursday, dealers said. The rupee drifted lower in relation the dollar, falling three-paisa for buying at 95.40 and inched dow
Published 19 Oct, 2012 12:00am
British vigil for Malala

British vigil for Malala

UK campaigners staged a vigil for Malala Yousufzai on Thursday as doctors said the 14-year-old girl remained in a stable condition. The teenager is being treated at a hospital in Birmingham, central England, having been flown to Britain on Monday for spec
Published 19 Oct, 2012 12:00am
PaCCS developer named customs agent for Ideas-2012

PaCCS developer named customs agent for Ideas-2012

The Defence Export Promotion Organisation (DEPO) has appointed M/s Agility Logistics, software developer of the automated customs clearance system ''''PaCCS'''', as the sole official customs agent for the exhibition ''''Ideas 2012'''', sources said on Thu
Published 19 Oct, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (October 18, 2012).

Published 19 Oct, 2012 12:00am
PaCCS developer named customs agent for Ideas-2012

PaCCS developer named customs agent for Ideas-2012

The Defence Export Promotion Organisation (DEPO) has appointed M/s Agility Logistics, software developer of the automated customs clearance system ''PaCCS'', as the sole official customs agent for the exhibition ''Ideas 2012'', sources said on Thursday.
Published 19 Oct, 2012 12:00am
PaCCS developer named customs agent for Ideas-2012

PaCCS developer named customs agent for Ideas-2012

The Defence Export Promotion Organisation (DEPO) has appointed M/s Agility Logistics, software developer of the automated customs clearance system 'PaCCS', as the sole official customs agent for the exhibition 'Ideas 2012', sources said on Thursday.
Published 19 Oct, 2012 12:00am
PaCCS developer named customs agent for Ideas-2012

PaCCS developer named customs agent for Ideas-2012

The Defence Export Promotion Organisation (DEPO) has appointed M/s Agility Logistics, software developer of the automated customs clearance system 'PaCCS', as the sole official customs agent for the exhibition 'Ideas 2012', sources said on Thursday.
Published 19 Oct, 2012 12:00am
Khalid Sheikh Mohammed attacks US at Guantanamo

Khalid Sheikh Mohammed attacks US at Guantanamo

Wearing a military-style vest, self-declared 9/11 mastermind Khalid Sheikh Mohammed (KSM) delivered a scathing anti-American diatribe at a military tribunal Wednesday in what the judge called a "one-time occurrence." The US president "can legislate assass
Published 19 Oct, 2012 12:00am
Khalid Sheikh Mohammed attacks US at Guantanamo

Khalid Sheikh Mohammed attacks US at Guantanamo

Wearing a military-style vest, self-declared 9/11 mastermind Khalid Sheikh Mohammed (KSM) delivered a scathing anti-American diatribe at a military tribunal Wednesday in what the judge called a "one-time occurrence." The US president "can legislate assass
Published 19 Oct, 2012 12:00am
Grossman, top Pentagon official due this week

Grossman, top Pentagon official due this week

A high-level US delegation led by Obama Administration special representative for Pakistan and Afghanistan Marc Grossman and accompanied by a top Pentagon official, is due during the current week for crucial talks encompassing matters of mutual interests,
Published 19 Oct, 2012 12:00am
Grossman, top Pentagon official due this week

Grossman, top Pentagon official due this week

A high-level US delegation led by Obama Administration special representative for Pakistan and Afghanistan Marc Grossman and accompanied by a top Pentagon official, is due during the current week for crucial talks encompassing matters of mutual interests,
Published 19 Oct, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Oct, 2012 12:00am
CNG stations in Sindh to remain closed for two days

CNG stations in Sindh to remain closed for two days

Sui Southern Gas Company has announced that all the CNG stations across Sindh province will remained closed for 48 hours from Friday. All CNG stations in Sindh would remain closed for 48 hours, from 9 am on Friday till 9 am on Sunday, SSGC spokesperson sa
Published 19 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 19 Oct, 2012 12:00am
CNG stations in Sindh to remain closed for two days

CNG stations in Sindh to remain closed for two days

Sui Southern Gas Company has announced that all the CNG stations across Sindh province will remained closed for 48 hours from Friday. All CNG stations in Sindh would remain closed for 48 hours, from 9 am on Friday till 9 am on Sunday, SSGC spokesperson sa
Published 19 Oct, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Oct, 2012 12:00am
CNG stations in Sindh to remain closed for two days

CNG stations in Sindh to remain closed for two days

Sui Southern Gas Company has announced that all the CNG stations across Sindh province will remained closed for 48 hours from Friday. All CNG stations in Sindh would remain closed for 48 hours, from 9 am on Friday till 9 am on Sunday, SSGC spokesperson sa
Published 19 Oct, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Oct, 2012 12:00am
Current account balance shows $432 million surplus

Current account balance shows $432 million surplus

The country''s current account balance improved, registering a surplus of $432 million in the first quarter of the current fiscal year (2012-13) primarily driven by inflows of Collation Support Fund (CSF) and home remittances. Economists said that the sur
Published 19 Oct, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Oct, 2012 12:00am
Current account balance shows $432 million surplus

Current account balance shows $432 million surplus

The country's current account balance improved, registering a surplus of $432 million in the first quarter of the current fiscal year (2012-13) primarily driven by inflows of Collation Support Fund (CSF) and home remittances. Economists said that the surp
Published 19 Oct, 2012 12:00am
Current account balance shows $432 million surplus

Current account balance shows $432 million surplus

The country's current account balance improved, registering a surplus of $432 million in the first quarter of the current fiscal year (2012-13) primarily driven by inflows of Collation Support Fund (CSF) and home remittances. Economists said that the surp
Published 19 Oct, 2012 12:00am
POL products'' prices: Supreme Court seeks copy of ECC decision

POL products'' prices: Supreme Court seeks copy of ECC decision

Supreme Court on Thursday sought a copy of the decision of Economic Co-ordination Committee (ECC) that authorised Oil and Gas Regulatory Authority (Ogra) to fix petroleum products'' prices on a weekly basis. A three-judge bench headed by Chief Justice Ift
Published 19 Oct, 2012 12:00am
POL products' prices: Supreme Court seeks copy of ECC decision

POL products' prices: Supreme Court seeks copy of ECC decision

Supreme Court on Thursday sought a copy of the decision of Economic Co-ordination Committee (ECC) that authorised Oil and Gas Regulatory Authority (Ogra) to fix petroleum products' prices on a weekly basis. A three-judge bench headed by Chief Justice Ifti
Published 19 Oct, 2012 12:00am
POL products' prices: Supreme Court seeks copy of ECC decision

POL products' prices: Supreme Court seeks copy of ECC decision

Supreme Court on Thursday sought a copy of the decision of Economic Co-ordination Committee (ECC) that authorised Oil and Gas Regulatory Authority (Ogra) to fix petroleum products' prices on a weekly basis. A three-judge bench headed by Chief Justice Ifti
Published 19 Oct, 2012 12:00am
Improving return on assets: Cabinet gives free hand to gas firms

Improving return on assets: Cabinet gives free hand to gas firms

The federal cabinet has given free hand to SNGPL and SSGCL to improve their return on assets which have dropped from 17.5 per cent to below 3 per cent due to strict benchmark of losses by Oil and Gas Regulatory Authority (Ogra). Both SNGPL and SSGCL are p
Published 19 Oct, 2012 12:00am
Improving return on assets: Cabinet gives free hand to gas firms

Improving return on assets: Cabinet gives free hand to gas firms

The federal cabinet has given free hand to SNGPL and SSGCL to improve their return on assets which have dropped from 17.5 per cent to below 3 per cent due to strict benchmark of losses by Oil and Gas Regulatory Authority (Ogra). Both SNGPL and SSGCL are p
Published 19 Oct, 2012 12:00am
Improving return on assets: Cabinet gives free hand to gas firms

Improving return on assets: Cabinet gives free hand to gas firms

The federal cabinet has given free hand to SNGPL and SSGCL to improve their return on assets which have dropped from 17.5 per cent to below 3 per cent due to strict benchmark of losses by Oil and Gas Regulatory Authority (Ogra). Both SNGPL and SSGCL are p
Published 19 Oct, 2012 12:00am
LPG Policy 2012: Ministry moves draft to ECC for approval

LPG Policy 2012: Ministry moves draft to ECC for approval

The Ministry of Petroleum and Natural Resources has moved draft of LPG (Production and Distribution) Policy 2012 to Economic Co-ordination Committee (ECC) of the Cabinet for approval that allows the use of LPG in LPG Mix Plants and in auto sector. The sum
Published 19 Oct, 2012 12:00am