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Oct 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-10-20
Ogra disposes of record number of complaints

Ogra disposes of record number of complaints

Oil and Gas Regulatory Authority (Ogra) has resolved/disposed of a record number of 5145 complaints against gas utility companies of domestic, industrial and commercial consumers in the fiscal year 2011-12. Apart from convenience, the decisions taken in t
Published 20 Oct, 2012 12:00am
Dispute with Ghee makers: transporters' strike enters 14th day

Dispute with Ghee makers: transporters' strike enters 14th day

The Transport strike which started from October 5 has now entered into 14th day, and there has been no lifting of edible oils from Karachi Port and Port Qasim due to some dispute between Association of Ghee Manufacturers and the Transporters. This is the
Published 20 Oct, 2012 12:00am
NBP awarded third Global Human Resources Excellence Award

NBP awarded third Global Human Resources Excellence Award

National Bank of Pakistan has been awarded 3rd Global Human Resources Excellence Award in recognition of its outstanding human resource policies. This award is an acknowledgement of NBP's revolutionary efforts undertaken to transform Human Resources polic
Published 20 Oct, 2012 12:00am
ALICO receives EoI

ALICO receives EoI

American Life Insurance Company (Pakistan) Limited has received an expression of interest for the acquisition of shares of ALICO from TPL Direct Insurance Limited. This was stated in information sent to Karachi Stock Exchange here on Friday.
Published 20 Oct, 2012 12:00am
Baig discusses trade issues with US officials

Baig discusses trade issues with US officials

Dr Mirza Ikhtiar Baig, Advisor to PM on Textile held a meeting with Kara Babrowski, Economic Incharge, US Consulate General Karachi looking after textiles and power generation. Dr Baig informed Kara that since US ROZs project is shelved for duty free mark
Published 20 Oct, 2012 12:00am
MD Wasa directed to ensure supply of quality water

MD Wasa directed to ensure supply of quality water

The Division-al Commissioner Hyderabad Ahmed Bux Narejo directed MD Wasa to put strict vigilance on the quality of water supply and ensure its regular lab testing to avoid waterborne diseases in the city. This he directed while presiding over a meeting re
Published 20 Oct, 2012 12:00am
Education department far from Chinese language course launch

Education department far from Chinese language course launch

Sindh's Education and Literacy department is yet to launch a programme to introduce Chinese language course in schools and colleges across the province, which was scheduled to begin in March this year. The department is being run under Senior Minister Pir
Published 20 Oct, 2012 12:00am
'State of economy'

'State of economy'

Apropos 'State of economy' by Anjum Ibrahim carried by Business Recorder on last Monday, it is quite true that periodic statements by President Zardari and his son Bilawal reveal an understanding of the state of the economy that few analysts or, in
Published 20 Oct, 2012 12:00am
Woeful Greeks march hundreds of kilometres to Athens

Woeful Greeks march hundreds of kilometres to Athens

The decision to set out on foot from the port city of Volos to Athens, some 325 kilometres away, was an easy choice for Triantafylos Karatziolis. A year ago the 40-year-old father of two lost his job at a factory owned by ArcelorMittal, the world's leadin
Published 20 Oct, 2012 12:00am
Tell me your products and I'll guess who gets your vote

Tell me your products and I'll guess who gets your vote

Is your coffee Democrat or your cookie Republican? As the United States enters the home stretch in the presidential election, campaign fever is evident in many details of everyday life. Until they cast their ballots on November 6, US citizens have various
Published 20 Oct, 2012 12:00am
Needed radical rebels

Needed radical rebels

Go down history and you will find that all new interventions and sea changes have been affected by those that have a different iconoclastic view of life. Go to Luther who demolished Rome's legacy. In came the Presbyterian system and the Church of England.
Published 20 Oct, 2012 12:00am
Revamping Punjab PPP

Revamping Punjab PPP

As electoral battle heats up, PPP co-chairman Asif Ali Zardari has put into the field a new team in Punjab, captained by the shrewd political manipulator Manzoor Wattoo, second, perhaps, only to the party boss in the art of realpolitik. He replaces Imtiaz
Published 20 Oct, 2012 12:00am
ECO and Pakistan

ECO and Pakistan

President Zardari while meeting with Iranian President Ahmedinejad on the sidelines of the Economic Co-operation Organisation (ECO) summit in Azerbaijan capital underscored the need for initiating work on the Iran-Pakistan (IP) gas pipeline project, elect
Published 20 Oct, 2012 12:00am
PU students win first position in RDP competition

PU students win first position in RDP competition

The Punjab University (PU) students from Department of Technology Education including Saba Wahab and Waqar Ahmad participated in Research Development Project (RDP) competition and won 1st position throughout Pakistan. The competition was organised by the
Published 20 Oct, 2012 12:00am
Minorities given equal opportunities: Sindh chief minister

Minorities given equal opportunities: Sindh chief minister

Sindh Chief Minister Syed Qaim Ali Shah has said the government always protected the rights of minorities and had provided equal opportunities in all fields of state with due respect and honour. He said this while talking to a delegation of Embassy of the
Published 20 Oct, 2012 12:00am
Nawaz Sharif Kidney Hospital Swat: Construction work to begin after Eid

Nawaz Sharif Kidney Hospital Swat: Construction work to begin after Eid

Secretary Health Punjab, who is also Secretary of the Board of Trustees of Punjab Hospital Trust Arif Nadeem said that Nawaz Sharif Kidney Hospital to be constructed through the donations of philanthropists of Punjab in Swat; it would prove to be a memora
Published 20 Oct, 2012 12:00am
Olper's to launch sequel to drama serial 'Tanhaiyaan'

Olper's to launch sequel to drama serial 'Tanhaiyaan'

The classic drama serial of the 80s, proverbially referred to as the golden age of Pakistani Television, is all set to make a comeback with a sequel titled 'Olper's Tanhaiyaan - Naye Silsillay'. The 13-episode serial format will showcase the storyline of
Published 20 Oct, 2012 12:00am
KESC, Engro sign MoU to pursue projects of mutual interest

KESC, Engro sign MoU to pursue projects of mutual interest

Karachi Electric Supply Company (KESC) signed a multi-faceted Memorandum of Understanding with Engro Corporation Ltd (Engro Corp) to cooperate on projects of mutual interest. The Memorandum of Understanding would cover four key initiatives; fertiliser off
Published 20 Oct, 2012 12:00am
Summit Bank's after tax loss reduces

Summit Bank's after tax loss reduces

The after tax loss of Summit Bank Limited has reduced to Rs 1.308 billion in the nine month period ended September 2012 as compared to after tax loss of Rs 1.671 posted in the corresponding period in 2011. The board of directors of the bank in its meeting
Published 20 Oct, 2012 12:00am
Summit Bank's after tax loss reduces

Summit Bank's after tax loss reduces

The after tax loss of Summit Bank Limited has reduced to Rs 1.308 billion in the nine month period ended September 2012 as compared to after tax loss of Rs 1.671 posted in the corresponding period in 2011. The board of directors of the bank in its meeting
Published 20 Oct, 2012 12:00am
NRL's profit after tax down by Rs 802.392 million

NRL's profit after tax down by Rs 802.392 million

The profit after tax of National Refinery Limited has reduced to Rs 802.392 million in the quarter ended September 30, 2012 as compared to Rs 828.308 million in the corresponding period in 2011. The board of directors of the company in its meeting held on
Published 20 Oct, 2012 12:00am
NRL's profit after tax down by Rs 802.392 million

NRL's profit after tax down by Rs 802.392 million

The profit after tax of National Refinery Limited has reduced to Rs 802.392 million in the quarter ended September 30, 2012 as compared to Rs 828.308 million in the corresponding period in 2011. The board of directors of the company in its meeting held on
Published 20 Oct, 2012 12:00am
Fauji Fertilizer's post-tax profit dips to Rs 2.13 billion

Fauji Fertilizer's post-tax profit dips to Rs 2.13 billion

The profit after tax of Fauji Fertiliser Bin Qasim has declined to Rs 2.13 billion in the nine month period ended September 30 this year against Rs 7.169 billion earned in the corresponding period in 2011. The company's earning per share reduced to Rs 2.2
Published 20 Oct, 2012 12:00am
Fauji Fertilizer's post-tax profit dips to Rs 2.13 billion

Fauji Fertilizer's post-tax profit dips to Rs 2.13 billion

The profit after tax of Fauji Fertiliser Bin Qasim has declined to Rs 2.13 billion in the nine month period ended September 30 this year against Rs 7.169 billion earned in the corresponding period in 2011. The company's earning per share reduced to Rs 2.2
Published 20 Oct, 2012 12:00am
Seminar on Genotype of Thalassemia patients held

Seminar on Genotype of Thalassemia patients held

Professor Mashoor Alam Shah Vice Chancellor Liaquat University of Medical and Health Sciences Jamshoro addressing at a Seminar on "Genotype of Thalassemia patients as predictor for prognosis and management without Blood Transfusion" expressed that the man
Published 20 Oct, 2012 12:00am
Seminar emphasises on development of social media

Seminar emphasises on development of social media

Syed Masood Hashmi of Orient McCann emphasised on the development of social media and eradication of boundaries in today's world, while speaking at a seminar on 'Swiss Knife of Social Media', organised by Navitus. He said "Technology has advanced at such
Published 20 Oct, 2012 12:00am
Askari Bank's post-tax profit jumps to Rs 1.47 billion

Askari Bank's post-tax profit jumps to Rs 1.47 billion

The profit after taxation of Askari Bank Limited has increased to Rs 1.473 billion in the nine month period ended September 30 this year against Rs 1.004 billion earned in the corresponding period in 2011. The board of directors of the bank in its meeting
Published 20 Oct, 2012 12:00am
Askari Bank's post-tax profit jumps to Rs 1.47 billion

Askari Bank's post-tax profit jumps to Rs 1.47 billion

The profit after taxation of Askari Bank Limited has increased to Rs 1.473 billion in the nine month period ended September 30 this year against Rs 1.004 billion earned in the corresponding period in 2011. The board of directors of the bank in its meeting
Published 20 Oct, 2012 12:00am
Unilever's profit after tax up to Rs 3.822 billion

Unilever's profit after tax up to Rs 3.822 billion

The profit after tax of Unilever Pakistan Limited has increased to Rs 3.822 billion in the nine month period ended September 30, as compared to Rs 2.568 billion in the same period last year. The board of directors of the company in its meeting held on Fri
Published 20 Oct, 2012 12:00am
Unilever's profit after tax up to Rs 3.822 billion

Unilever's profit after tax up to Rs 3.822 billion

The profit after tax of Unilever Pakistan Limited has increased to Rs 3.822 billion in the nine month period ended September 30, as compared to Rs 2.568 billion in the same period last year. The board of directors of the company in its meeting held on Fri
Published 20 Oct, 2012 12:00am
Bank of Khyber profit after tax increases to Rs 794.398 million

Bank of Khyber profit after tax increases to Rs 794.398 million

The profit after taxation of Khyber Bank Limited has increased to Rs 794.398 million in the nine month period ended September 30, 2012 as compared to Rs 743.189 million in the corresponding period in 2011. The board of directors of the bank in its meeting
Published 20 Oct, 2012 12:00am
Bank of Khyber profit after tax increases to Rs 794.398 million

Bank of Khyber profit after tax increases to Rs 794.398 million

The profit after taxation of Khyber Bank Limited has increased to Rs 794.398 million in the nine month period ended September 30, 2012 as compared to Rs 743.189 million in the corresponding period in 2011. The board of directors of the bank in its meeting
Published 20 Oct, 2012 12:00am
All NBP branches go online

All NBP branches go online

National Bank of Pakistan has converted its entire network of 1,283 branches online and become highest number of online branches in Pakistan, exceeding any other bank operating in the country. NBP offers its customers the facility of payment of government
Published 20 Oct, 2012 12:00am
Smooth functioning of ATMs: SBP-BSC sets up facilitation centre

Smooth functioning of ATMs: SBP-BSC sets up facilitation centre

The State Bank of Pakistan Banking Services Corporation (SBP BSC) North Nazimabad, Karachi has set up Customer Facilitation Centre to ensure smooth and uninterrupted functioning of Automated Teller Machines (ATMs) of commercial banks in District Central,
Published 20 Oct, 2012 12:00am
LHCBA for immediate arrest of Shakir's killers

LHCBA for immediate arrest of Shakir's killers

The Lahore High Court Bar Association (LHCBA) demanded immediate arrest of killers of bar member Shakir Ali Rizvi. The Lahore High Court Chief Justice Umar Ata Bandial also took suo motu notice of the murder and directed inspector general of Punjab police
Published 20 Oct, 2012 12:00am
Sindh University notification

Sindh University notification

Sindh University has announced that pre-entry test for admission to Masters and M Phil programmes will be held on Sunday, October 21, 2012. A statement issued on Friday said that on the directives of SU Vice Chancellor Dr Nazir A Mughal, transport arrange
Published 20 Oct, 2012 12:00am
Chicken meat price registers further decline

Chicken meat price registers further decline

The price of chicken meat further declined from Rs 200 per kilogram to Rs 180 just nine days ahead of Eidul Azha. The sharp decline was also attributed to a weakening demand and constant bulk supply. Last week, price of chicken meat had declined from Rs 2
Published 20 Oct, 2012 12:00am
DEC seizes hashish concealed in pistachio nuts

DEC seizes hashish concealed in pistachio nuts

Drug Enforcement Cell (DEC) of Pakistan Customs on Friday claimed to have seized a half kilogram of hashish concealed in pistachio nuts booked for Costa Rica in Latin America. According to details, Customs DEC staff during clearance of outgoing internatio
Published 20 Oct, 2012 12:00am
Workshop for women politicians on 'Peace Building, Leadership' held

Workshop for women politicians on 'Peace Building, Leadership' held

Two days training workshop for women politicians on "Peace Building and Leadership" was organised by Insan Foundation Trust (IFT) in collaboration with Search for Common Ground | Pakistan (SFCG). Twenty four former district assembly members and aspiring w
Published 20 Oct, 2012 12:00am
Rain-affected people's plight: adviser criticises UN's role

Rain-affected people's plight: adviser criticises UN's role

Haleem Adil Shaikh, Adviser to Chief Minister for Relief and Secretary General PML-Q (Sindh) said on Friday that if the UN and NGOs, which had initiated a propaganda before the heavy rains, had supported them (the Sindh Government), all the rain-victims w
Published 20 Oct, 2012 12:00am
Culling of imported Australian sheep begins

Culling of imported Australian sheep begins

Contrary to a news report about an out-of-court deal between the Sindh government and importer of Australian sheep, the culling of imported animals started again in the city. Hundreds sheep were culled after the process began early Friday morning.
Published 20 Oct, 2012 12:00am
'Sir Syed Day' observed at AMUOBA with traditional enthusiasm

'Sir Syed Day' observed at AMUOBA with traditional enthusiasm

Speakers paid rich homage to great reformer and educationist, Sir Syed Ahmed Khan on the occasion of his 195th birth anniversary observed under the auspices of Aligarh Muslim University Old Boys Association (AMUOBA) with a call by President AMUOBA and Cha
Published 20 Oct, 2012 12:00am
Appointment of IG Prison: LHC issues notice to chief, home secretaries

Appointment of IG Prison: LHC issues notice to chief, home secretaries

The Lahore High Court has issued notice to chief secretary and home secretary Punjab in a petition challenging the appointment of Inspector General of Prison Punjab. The court also directed the law officer to ensure the presence of some senior officer alo
Published 20 Oct, 2012 12:00am
AK WS sets up machines to diagnose AIDS, Hepatitis

AK WS sets up machines to diagnose AIDS, Hepatitis

Al-Khidmat Welfare Society has set up E-170 modular diagnostic machines to examine patients suffering from HIV Aids, Hepatitis A, B and C disease. The facility will also help diagnose immunisation tests. The diagnostic machine has been added at the Al-Khi
Published 20 Oct, 2012 12:00am
FFBL approves investment in meat export business

FFBL approves investment in meat export business

The board of directors of Fauji Fertiliser Bin Qasim (FFBL) has approved investment in meat export and processing business by FFBL. The board of directors gave this approval at its 94th meeting held on October 18, 2012 in Brazil. "The objective of investm
Published 20 Oct, 2012 12:00am
JSCL receives Rs 2.364 billion for sale of PICTL's shares

JSCL receives Rs 2.364 billion for sale of PICTL's shares

Jahangir Siddiqui and Company Limited (JSCL) has received Rs 2.364 billion for the sale of 15,766,153 ordinary shares of Pakistan International Container Terminal Limited (PICTL) at Rs 150 per share. Jahangir Siddiqui Company had signed a Share Purchase A
Published 20 Oct, 2012 12:00am
JSCL receives Rs 2.364 billion for sale of PICTL's shares

JSCL receives Rs 2.364 billion for sale of PICTL's shares

Jahangir Siddiqui and Company Limited (JSCL) has received Rs 2.364 billion for the sale of 15,766,153 ordinary shares of Pakistan International Container Terminal Limited (PICTL) at Rs 150 per share. Jahangir Siddiqui Company had signed a Share Purchase A
Published 20 Oct, 2012 12:00am
Graduation ceremony held at PAF's Transport Conversion School

Graduation ceremony held at PAF's Transport Conversion School

A Graduation Ceremony was held at the Transport Conversion School (TCS) Pakistan Air Force Base Nur Khan here on Friday. Air Marshal Waseem-ud-din, Deputy Chief of the Air Staff (Operations), Pakistan Air Force was the Chief Guest on the occasion.
Published 20 Oct, 2012 12:00am
ANF recovers huge quantity of narcotics

ANF recovers huge quantity of narcotics

Anti Narcotics Force (ANF) during a successful operation recovered 52-kg charas and 2-kg opium at GT Road near Attock. According to the press statement issued here on Friday, the ANF received information that huge quantity of narcotics will be smuggle to
Published 20 Oct, 2012 12:00am
NAB probing alleged payment of Rs 800 million to Raisani?

NAB probing alleged payment of Rs 800 million to Raisani?

The National Accountability Bureau (NAB) is said to be investigating whether rules and regulations were violated in the release of Rs 800 million by the Balochistan government as compensation for property damage to Senator Nawabzada Haji Lashkari Raisani,
Published 20 Oct, 2012 12:00am
PARC Chairman praises services rendered by agriculture scientists

PARC Chairman praises services rendered by agriculture scientists

Due to the hard work of agriculture scientists and introduction of modern technologies, the country is heading towards achieving self-sufficiency in food production. This was stated by Pakistan Agricultural Research Council (PARC) Chairman Dr Iftikhar Ahm
Published 20 Oct, 2012 12:00am
PTCL introduces Pakistan's first 3G- EVO Wingle Wi-fi enabled USB

PTCL introduces Pakistan's first 3G- EVO Wingle Wi-fi enabled USB

As a first, the Pakistan Telecommunications Company Limited (PTCL), has now introduced Pakistan's first Wi-Fi enabled USB '3G EVO Wingle' that connects multiple Wi-Fi enabled devices simultaneously at hyper speeds of up to 9.3 Mbps. PTCL's 3G EVO Wingle i
Published 20 Oct, 2012 12:00am
Prime Minister wishes speedy recovery to Malala

Prime Minister wishes speedy recovery to Malala

A Spokesperson of the Prime Minister's House Friday said that Prime Minister Raja Pervez Ashraf expressed his happiness over the reports that Malala has shown signs of recovery and regained consciousness. The Spokesman said that the Prime Minister express
Published 20 Oct, 2012 12:00am
Call for taking steps to reduce incidence of school dropouts

Call for taking steps to reduce incidence of school dropouts

President Pakistan Association for Difficulties in Learning (PADIL) Ashba Kamran has urged the Chief Minister Punjab Shahbaz Sharif to take steps for checking rising number of school dropouts in the province. She said the number of students who are facing
Published 20 Oct, 2012 12:00am
Denmark announces $2.6 million donation for flood victims

Denmark announces $2.6 million donation for flood victims

The Government of Denmark has announced $2.6 million in immediate humanitarian assistance to Pakistan's flood victims. This announcement was made by the Danish Minister for Development, Christian Friis Bach on Friday.
Published 20 Oct, 2012 12:00am
Indo-Pak talks to continue: Kaira

Indo-Pak talks to continue: Kaira

Federal Minister for Information and Broadcasting Qamar Zaman Kaira has said that Indo-Pak leadership has agreed in principle to continue with the dialogue process regardless of all the odd situations. He was addressing on Friday a Pakistan-India media co
Published 20 Oct, 2012 12:00am
ER project sets up livestock mandi in Mian Gujjar

ER project sets up livestock mandi in Mian Gujjar

EU/UNDP funded Early Recovery (ER) project for flood affected small farmers held a Livestock Mandi in the Union Council, Mian Gujjar, Peshawar. The project is being implemented under the auspices of Small and Medium Enterprise Development Authority (Smeda
Published 20 Oct, 2012 12:00am
Two killed, 10 injured in Quetta blast

Two killed, 10 injured in Quetta blast

At least two personnel of security forces were killed and ten others, including a woman, injured in a roadside blast here on Friday, police said. The incident took place on the main Sariab Road near Chaki Shahwani graveyard. Deputy Inspector General Inves
Published 20 Oct, 2012 12:00am
Imran for election under judiciary's supervision

Imran for election under judiciary's supervision

The upcoming general elections should be held under the supervision of the judiciary, as it "is the only institution still trusted" by the people in the country, Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan said on Friday.
Published 20 Oct, 2012 12:00am
The Weather

The Weather

The weather report on Friday (October 19, 2012) and the forecast for Saturday (October 20, 2012).

Published 20 Oct, 2012 12:00am
Site association concerned at water shortage

Site association concerned at water shortage

Dr Arshad A. Vohra, Chairman, Site Association of Industry has expressed concern on precarious water supply position in area because of less supply of water from KW&SB to Site Ltd, which has two direct connection and was supposed to receive 8 MGD water on
Published 20 Oct, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 19, 2012).

Published 20 Oct, 2012 12:00am
Eid security plan for Multan evolved

Eid security plan for Multan evolved

The district administration has evolved a security plan for the upcoming Eidul Azha and Muharram to thwart the vicious designs of terrorists. This was disclosed by DCO Naseem Sadiq while addressing a meeting of the DPC here at Circuit House on Tuesday. He
Published 20 Oct, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 19, 2012).

Published 20 Oct, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Oct, 2012 12:00am
Tarbela Dam's fourth extension project: contract to be awarded in March

Tarbela Dam's fourth extension project: contract to be awarded in March

The contract for Tarbela Dam's fourth extension project will be awarded by March 31 next year, Water and Power Development Authority (Wapda) announced on Friday. The project will be constructed at an estimated cost of $935 million. Wapda has already arran
Published 20 Oct, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Oct, 2012 12:00am
LDA to recruit 7 new assistant directors

LDA to recruit 7 new assistant directors

Lahore Develop-ment Authority has decided to recruit seven new Assistant Directors for strengthening its law directorate with a view to further improving its functioning. Minimum qualification for applying to these seven posts is BA, LLB, along with five
Published 20 Oct, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 19, 2012).

Published 20 Oct, 2012 12:00am
SKMCH's 11th International Cancer Symposium next month

SKMCH's 11th International Cancer Symposium next month

Shaukat Khanum Memorial Cancer Hospital and Research Centre is organising its 11th International Cancer Symposium from November 9 to 11, 2012 in the provincial metropolis. A large number of people from Pakistan and abroad will participate in this symposiu
Published 20 Oct, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (October 19, 2012) and for Saturday (October 20, 2012).
Published 20 Oct, 2012 12:00am
Asghar Khan case: It's historic judgement, says Hamza

Asghar Khan case: It's historic judgement, says Hamza

Pakistan Muslim League-N's (PML-N) member National Assembly Hamza Shahbaz Sharif has said that Supreme Court has given a historic decision in Asghar Khan case and the nation should wait for the facts to unfold. He said that a transparent inquiry should be
Published 20 Oct, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 19, 2012).

Published 20 Oct, 2012 12:00am
Non-payment of bills: Lesco disconnects power supply to traffic signals

Non-payment of bills: Lesco disconnects power supply to traffic signals

Lahore Electric Supply Company (Lesco) has disconnected power supply of thousands of traffic signals in the sprawling metropolis city of Lahore due to non-payment of electricity bills endangering lives of over 10 million people. Lesco sources told Busi
Published 20 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 Friday (October 19, 2012).

Published 20 Oct, 2012 12:00am
PCS and IRS lock horns over sales tax collection

PCS and IRS lock horns over sales tax collection

Pakistan Customs Service (PCS) and Inland Revenue Service (IRS) are divided over the crucial issue of sales tax collection at the import stage, as the PCS wanted to take credit of sales tax (imports) and IRS is hell-bent to make the collection part of its
Published 20 Oct, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 19, 2012).

Published 20 Oct, 2012 12:00am
38 new gas reservoirs discovered in four years: official

38 new gas reservoirs discovered in four years: official

Oil and gas Exploration and Production (E&P) companies drilled 102 wells during the past four years and discovered 38 reservoirs, raising the natural gas production from 3.98 Billion Cubic Feet (BCFD) per day to 4.25 BCFD. A senior official of the Petrole
Published 20 Oct, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 19, 2012).

Published 20 Oct, 2012 12:00am
IDEAS-2012: Collectorates told to maintain record of imports

IDEAS-2012: Collectorates told to maintain record of imports

In order to avoid uninvited circumstances, Pakistan Customs has directed all concerned collectorates to maintain complete record of imports for defence-oriented exhibition 'IDEAS-2012'. According to Standing Order No 2, the Model Customs Collectorate (MCC
Published 20 Oct, 2012 12:00am
10 killed; MPA injured in Karachi

10 killed; MPA injured in Karachi

At least 10 people were reported killed while a member of the provincial assembly was injured in various incidents of violence in the city, police and rescue sources said on Friday. Three students belonging to a seminary run by Ahle Sunnat Wal Jamaat (ASW
Published 20 Oct, 2012 12:00am
ADB delegation meets Prime Minister

ADB delegation meets Prime Minister

A six-member delegation comprising Board of Directors of Asian Development Bank (ADB), led by Maurin Sitours, called on Prime Minister Raja Pervez Ashraf on Friday. Speaking on the occasion, the Prime Minister said that ADB had been a very reliable partne
Published 20 Oct, 2012 12:00am
THE RUPEE: upward march

THE RUPEE: upward march

On the back of easy supply of dollars, the rupee managed to recover modestly against the dollar, the national currency also sustained its rise in terms of the euro for the second day on the currency market on Friday, dealers said.
Published 20 Oct, 2012 12:00am
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