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Print - 2012-12-13
PTA announces MIP for tobacco crop 2013

PTA announces MIP for tobacco crop 2013

Pakistan Tobacco Board (PTB) has announced Minimum Indicative Prices (MIP) for the tobacco crop 2013. The decision was made in the 139th meeting of the Pakistan Tobacco Board held here in the PTB Head Office. The meeting endorsed the findings of the Speci
Published 13 Dec, 2012 12:00am
Health official, two others go missing

Health official, two others go missing

Executive District Officer (EDO) Health of Dera Ismail Khan Dr Aashiq Saleem and two others went missing on Wednesday. According to police sources, Dr Ashiq Saleem went missing in certain area between Kohat and Darra Adamkhel, as he was on his way back ho
Published 13 Dec, 2012 12:00am
PSO buys 325,000 tonnes of gasoline, jet fuel for December-March

PSO buys 325,000 tonnes of gasoline, jet fuel for December-March

Pakistan State Oil has bought 325,000 tonnes of gasoline and jet fuel for delivery over December to March, with gasoline volumes about 40 percent higher than its previous purchase, industry sources said. The jet fuel imports would be the company's first s
Published 13 Dec, 2012 12:00am
MFN status to India: farmers threaten to block border trade

MFN status to India: farmers threaten to block border trade

Farmers on Wednesday rejected the government's decision to grant Most-Favoured Nation (MFN) status to India and threatened to physically block Indian imports at Wagha border unless the government reviewed its decision to phase out negative list to be impl
Published 13 Dec, 2012 12:00am
PTCL holds 'go-karting' event for employees

PTCL holds 'go-karting' event for employees

Pakistan Telecommunications Company Limited (PTCL) held a daylong go-karting event for its employees in conjunction with the earlier held Annual Sales Conference. Held at the go-karting track in Islamabad, the event was organised as part of PTCL's efforts
Published 13 Dec, 2012 12:00am
Iran invites Firdous to international health moot

Iran invites Firdous to international health moot

Federal Minister for National Regulations and Services, Dr Firdous Ashiq Awan called on Iranian Charge D' Affairs H.E Hossein Ravesh at minister's office. His Excellency Hossein Ravesh was here to formally invite Federal Minister Dr Firdous Ashiq Awan, to
Published 13 Dec, 2012 12:00am
Rs 30 billion exports lost due to transporters' strike: PTEA

Rs 30 billion exports lost due to transporters' strike: PTEA

Over Rs 30 billion exports have lost due to ongoing transport carriers strike for the last ten days. The strike has completely halted the export activities besides damaging the industrial manufacturing capacity. Textile export orders worth billions of rup
Published 13 Dec, 2012 12:00am
Pakistan resources attracting US policymakers: former Congressman

Pakistan resources attracting US policymakers: former Congressman

The former US Congressman from the state of New Hampshire Engr. Saghir A. Tahir has said that Pakistan's resources are attracting American policymakers. While addressing a conference organised by Pakistan Visionary Forum on the topic of "Pakistan's presen
Published 13 Dec, 2012 12:00am
APTMA for early resolution of goods transporters' issues

APTMA for early resolution of goods transporters' issues

Chairman All Pakistan Textile Mills Association (Aptma) Ahsan Bashir has said trading goods worth $500 million for exports and $1 billion for imports have been on their way to Karachi Port and upcountry since last 10 days due to the ongoing strike of good
Published 13 Dec, 2012 12:00am
'SOS Children's Villages' inaugurates 'Youth Home' project

'SOS Children's Villages' inaugurates 'Youth Home' project

SOS Children's Villages of Pakistan, an NGO, inaugurated its 'Youth Home' project in Multan the other day with the financial support of Monsanto Fund, a private foundation and philanthropic arm of Monsanto Company. SOS has also 'Youth Home' projects in La
Published 13 Dec, 2012 12:00am
LCCI, CII agree to form body to overcome all NTBs

LCCI, CII agree to form body to overcome all NTBs

The Lahore Chamber of Commerce and Industry (LCCI) and the Confederation of Indian Industries (CII) have agreed to form a committee to sort out all non-tariff barriers (NTBs) hitting Pak-India trade. The decision was made at a meeting between LCCI and CII
Published 13 Dec, 2012 12:00am
Goods transporters' strike: government urged to resolve issue

Goods transporters' strike: government urged to resolve issue

The business community has appealed to the government to immediate resolve the goods transporters' issue, as their strike is not only causing huge losses to the importers and exporters but also damaging their repute because of non-fulfilment of orders.
Published 13 Dec, 2012 12:00am
Youth to compete against 'looters' in election: Imran

Youth to compete against 'looters' in election: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said youth will compete against looters in upcoming general elections of the country. Addressing a public meeting in Layyah on Wednesday, Imran Khan said looters were going to contest the polls with t
Published 13 Dec, 2012 12:00am
Next election to be held between 'pro- and anti-province' forces: Gilani

Next election to be held between 'pro- and anti-province' forces: Gilani

Everyone is claiming to be the next prime minister prior to forthcoming general elections. Imran Khan says he will not take oath from Asif Zardari, while Mian Nawaz Sharif states that he would take oath from Zardari. Every elected prime minister is bindin
Published 13 Dec, 2012 12:00am
Report denied

Report denied

The FBR spokesman has denied a news report by a section of media about tax figures of Ms Farzana Raja, Chairperson BISP. The spokesman clarified that Ms Farzana Raja holds NTN number 2498237-7 and she, being a regular taxpayer, has been regularly filing h
Published 13 Dec, 2012 12:00am
Passport office causes loss of millions to exchequer

Passport office causes loss of millions to exchequer

Directorate of Immigration & Passports, Ministry of Interior, has reportedly caused loss of millions of rupees to the national exchequer in procurement of laminate paper used for passports in violation of PPRA rules. The Project Director, who is said to b
Published 13 Dec, 2012 12:00am
PML-N criticises PML-Q leaders

PML-N criticises PML-Q leaders

PML-N has criticised the PML-Q and termed upcoming elections as last nail in its coffin. Special Assistant to Chief Minister, Zaeem Hussain Qadri has said that the list of political sins of Chaudhary Brothers is very long and they have been enjoying power
Published 13 Dec, 2012 12:00am
Facilitation centers being established in Cantonment boards

Facilitation centers being established in Cantonment boards

The Station Commander Brigadier Zaman Nasrullah Khan Niazi has said that all the problems faced by the business community regarding Cantonment boards will be resolved on priority basis. He said that issues of old grant, property tax, professional tax and
Published 13 Dec, 2012 12:00am
Senators pay tribute to Badeni, Dogar

Senators pay tribute to Badeni, Dogar

Senators on Wednesday paid rich tribute to their colleagues Wali Muhammad Badeni and Salahuddin Dogar, who died recently, and expressed deep sympathies and condolences over their demise. Senators Wali Muhammad Badeni from Balochistan and Salahuddin Dogar
Published 13 Dec, 2012 12:00am
The Weather

The Weather

The weather report on Wednesday (December 12, 2012) and the forecast for Thursday (December 13, 2012).

Published 13 Dec, 2012 12:00am
OGRA, CNG body likely to agree on gas price

OGRA, CNG body likely to agree on gas price

Oil and Gas Regulatory Authority (OGRA) and the representatives of CNG station owners are likely to agree on a rise in the gas price by Rs 10.56 per kg today (Thursday) which would then be submitted before the Supreme Court on December 17. All Pakistan CN
Published 13 Dec, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (December 12, 2012).

Published 13 Dec, 2012 12:00am
ANF recovers 12 kg heroin

ANF recovers 12 kg heroin

Anti Narcotics Force (ANF) Karachi recovered huge quantity of drugs. On a tip-off, ANF conducted a successful raid at a house in the area of Green Town, Shah Faisal Colony, Karachi and recovered 12 kg heroin of fine quality and one kilogram of Crystal She
Published 13 Dec, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (December 12, 2012).

Published 13 Dec, 2012 12:00am
Afghan DPs given six more months to stay

Afghan DPs given six more months to stay

Government on Wednesday gave 1.6 million Afghan refugees the right to stay another six months, extending a deadline on their residency papers that had been due to expire at the end of December. The decision was taken by Prime Minister Raja Pervez Ashraf,
Published 13 Dec, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (December 12, 2012) and for Thursday (December 13, 2012).
Published 13 Dec, 2012 12:00am
Two killed in roadside café blast

Two killed in roadside café blast

A cop and a political worker were killed while 10 others sustained injuries in a blast occurred at roadside café in the limits of Quaidabad police station. According to police and rescue sources, a bomb planted in a roadside café 'Khwaja Gharib Nawaz Hote
Published 13 Dec, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 12, 2012).

Published 13 Dec, 2012 12:00am
PML-N criticises PML-Q leaders

PML-N criticises PML-Q leaders

PML-N has criticised the PML-Q and termed upcoming elections as last nail in its coffin. Special Assistant to Chief Minister, Zaeem Hussain Qadri has said that the list of political sins of Chaudhary Brothers is very long and they have been enjoying power
Published 13 Dec, 2012 12:00am
Bomb planted in bakery goes off, destroys six shops

Bomb planted in bakery goes off, destroys six shops

Despite tall claims by the law enforcement agencies, the extortion mafia is operating with impunity in the city, as two back to back blasts rocked the city on early Wednesday, destroying a house of former UC Nazim and six other shops in the limits of Pira
Published 13 Dec, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (December 12, 2012).

Published 13 Dec, 2012 12:00am
MQM activist among 11 killed in Karachi

MQM activist among 11 killed in Karachi

At least 11 persons including a cop and a political worker were killed in different acts of violence in the metropolis here on Wednesday. According to police and rescue sources, unidentified armed men sprayed a volley of bullets on a car (AEE-199) in Sect
Published 13 Dec, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 12, 2012).

Published 13 Dec, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 12, 2012).

Published 13 Dec, 2012 12:00am
IGP claims Punjab is 'free of crime' province

IGP claims Punjab is 'free of crime' province

Punjab is being emerged as a crime-free province in the country, which would help attract foreign direct investment besides providing conducive environment for investment to the local businessmen. Inspector General Police Haji Habibur Rehman claimed this
Published 13 Dec, 2012 12:00am
Voters lists' verification key to holding fair polls: Khuhro

Voters lists' verification key to holding fair polls: Khuhro

Authenticating voters' lists is necessary for a transparent election, Speaker of the Sindh Assembly Nisar Ahmed Khuhro said on Wednesday. Talking to newsmen at the sixth Pakistan Centre for Philanthropy (PCP) Corporate Philanthropy Award ceremony, he said
Published 13 Dec, 2012 12:00am
Rupee recovers

Rupee recovers

The rupee managed to halt more erosion in its value against the dollar in the currency market on Wednesday, money experts said. But some analysts said the rupee may not be able to resist its fall due to strong demand for dollars to meet payments. They wer
Published 13 Dec, 2012 12:00am
Mirpurkhas Sugar Mills Limited

Mirpurkhas Sugar Mills Limited

Mirpurkhas Sugar Mills Limited (MIRKS) is a public limited company established in 1964. The company operates under the umbrella of Ghulam Faruque group, one of the most prominent business groups in Pakistan. MIRKS instigated its commercial operations with
Published 13 Dec, 2012 12:00am
Rupee recovers

Rupee recovers

The rupee managed to halt more erosion in its value against the dollar in the currency market on Wednesday, money experts said. But some analysts said the rupee may not be able to resist its fall due to strong demand for dollars to meet payments. They wer
Published 13 Dec, 2012 12:00am
Mirpurkhas Sugar Mills Limited

Mirpurkhas Sugar Mills Limited

Mirpurkhas Sugar Mills Limited (MIRKS) is a public limited company established in 1964. The company operates under the umbrella of Ghulam Faruque group, one of the most prominent business groups in Pakistan. MIRKS instigated its commercial operations with
Published 13 Dec, 2012 12:00am
Law for eliminating old coins passed

Law for eliminating old coins passed

The National Assembly on Wednesday unanimously passed ''The Pakistan Coinage (Amendment) Bill, 2011'' for elimination of decimal/old coins. The Bill was prepared after receiving recommendations from the State Bank of Pakistan (SBP), commercial banks and b
Published 13 Dec, 2012 12:00am
Law for eliminating old coins passed

Law for eliminating old coins passed

The National Assembly on Wednesday unanimously passed 'The Pakistan Coinage (Amendment) Bill, 2011' for elimination of decimal/old coins. The Bill was prepared after receiving recommendations from the State Bank of Pakistan (SBP), commercial banks and bus
Published 13 Dec, 2012 12:00am
Law for eliminating old coins passed

Law for eliminating old coins passed

The National Assembly on Wednesday unanimously passed 'The Pakistan Coinage (Amendment) Bill, 2011' for elimination of decimal/old coins. The Bill was prepared after receiving recommendations from the State Bank of Pakistan (SBP), commercial banks and bus
Published 13 Dec, 2012 12:00am
Pakistan may seek fresh IMF programme: minister

Pakistan may seek fresh IMF programme: minister

Minister of State for Finance Saleem Mandviwala on Wednesday indicated that Pakistan may take a fresh programme from the International Monetary Fund (IMF) but the final decision would be taken by the political leadership. Talking to media after the meetin
Published 13 Dec, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (December 12, 2012).

Published 13 Dec, 2012 12:00am
Pakistan may seek fresh IMF programme: minister

Pakistan may seek fresh IMF programme: minister

Minister of State for Finance Saleem Mandviwala on Wednesday indicated that Pakistan may take a fresh programme from the International Monetary Fund (IMF) but the final decision would be taken by the political leadership. Talking to media after the meetin
Published 13 Dec, 2012 12:00am
Pakistan may seek fresh IMF programme: minister

Pakistan may seek fresh IMF programme: minister

Minister of State for Finance Saleem Mandviwala on Wednesday indicated that Pakistan may take a fresh programme from the International Monetary Fund (IMF) but the final decision would be taken by the political leadership. Talking to media after the meetin
Published 13 Dec, 2012 12:00am
Goods transporters end strike

Goods transporters end strike

The United Goods Transporters Alliance on late Wednesday night announced to end their 11-day long strike after successful negotiation with a two-member committee constituted by the prime minister, which comprised Port and Shipping Minister Babar Ghauri an
Published 13 Dec, 2012 12:00am
Goods transporters end strike

Goods transporters end strike

The United Goods Transporters Alliance on late Wednesday night announced to end their 11-day long strike after successful negotiation with a two-member committee constituted by the prime minister, which comprised Port and Shipping Minister Babar Ghauri an
Published 13 Dec, 2012 12:00am
Goods transporters end strike

Goods transporters end strike

The United Goods Transporters Alliance on late Wednesday night announced to end their 11-day long strike after successful negotiation with a two-member committee constituted by the prime minister, which comprised Port and Shipping Minister Babar Ghauri an
Published 13 Dec, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Dec, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Dec, 2012 12:00am
Reduction in imported used cars'' age: APDMA rejects MoC order

Reduction in imported used cars'' age: APDMA rejects MoC order

All Pakistan Motor Dealers Association (APDMA) has rejected the Commerce Ministry''s order on a reduction in the age limit of imported used cars from five to three years. "The Commerce Ministry ignored the recommendations of the NA Standing Committee on F
Published 13 Dec, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 Dec, 2012 12:00am
Reduction in imported used cars' age: APDMA rejects MoC order

Reduction in imported used cars' age: APDMA rejects MoC order

All Pakistan Motor Dealers Association (APDMA) has rejected the Commerce Ministry's order on a reduction in the age limit of imported used cars from five to three years. "The Commerce Ministry ignored the recommendations of the NA Standing Committee on Fi
Published 13 Dec, 2012 12:00am
Reduction in imported used cars' age: APDMA rejects MoC order

Reduction in imported used cars' age: APDMA rejects MoC order

All Pakistan Motor Dealers Association (APDMA) has rejected the Commerce Ministry's order on a reduction in the age limit of imported used cars from five to three years. "The Commerce Ministry ignored the recommendations of the NA Standing Committee on Fi
Published 13 Dec, 2012 12:00am
TCP needs Rs 17 billion for sugar procurement

TCP needs Rs 17 billion for sugar procurement

The Trading Corporation of Pakistan (TCP) will require some Rs 17 billion financing from banks for procurement of 0.33 million tons white refined sugar. The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday asked the state-run grain trader
Published 13 Dec, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Dec, 2012 12:00am
TCP needs Rs 17 billion for sugar procurement

TCP needs Rs 17 billion for sugar procurement

The Trading Corporation of Pakistan (TCP) will require some Rs 17 billion financing from banks for procurement of 0.33 million tons white refined sugar. The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday asked the state-run grain trader
Published 13 Dec, 2012 12:00am
TCP needs Rs 17 billion for sugar procurement

TCP needs Rs 17 billion for sugar procurement

The Trading Corporation of Pakistan (TCP) will require some Rs 17 billion financing from banks for procurement of 0.33 million tons white refined sugar. The Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday asked the state-run grain trader
Published 13 Dec, 2012 12:00am
Indian Supreme Court frees Khalil Chishti

Indian Supreme Court frees Khalil Chishti

In a big relief for Pakistani scientist Dr Khalil Chishti, the Supreme Court of India announced his release on Wednesday. The apex court has said that the punishment given to him will be considered undergone. He had challenged the life imprisonment given
Published 13 Dec, 2012 12:00am
Indian Supreme Court frees Khalil Chishti

Indian Supreme Court frees Khalil Chishti

In a big relief for Pakistani scientist Dr Khalil Chishti, the Supreme Court of India announced his release on Wednesday. The apex court has said that the punishment given to him will be considered undergone. He had challenged the life imprisonment given
Published 13 Dec, 2012 12:00am
Pakistan, Afghanistan agree to investigate spy attack

Pakistan, Afghanistan agree to investigate spy attack

Afghanistan and Pakistan agreed on Wednesday to jointly investigate an assassination attempt last week on Afghanistan's spy chief that has heightened tension between the countries after Kabul said the raid was planned in Pakistan. Leaders of both countrie
Published 13 Dec, 2012 12:00am
Pakistan, Afghanistan agree to investigate spy attack

Pakistan, Afghanistan agree to investigate spy attack

Afghanistan and Pakistan agreed on Wednesday to jointly investigate an assassination attempt last week on Afghanistan's spy chief that has heightened tension between the countries after Kabul said the raid was planned in Pakistan. Leaders of both countrie
Published 13 Dec, 2012 12:00am
BRIndex30 up 19.33 points

BRIndex30 up 19.33 points

On Wednesday, BRIndex30 opened at 11,208.53 and remained positive throughout the trading session. It touched an intraday high of 11,308.63 and an intraday low of 11,217.42 and closed at 11,227.86, which was 19.33 points or 0.17 percent higher than previou
Published 13 Dec, 2012 12:00am
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