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Print - 2012-12-18
UBL wins 'Bank of the Year 2012 Pakistan' Award

UBL wins 'Bank of the Year 2012 Pakistan' Award

United Bank Limited (UBL) was awarded 'Bank of the Year 2012 Pakistan' by the prestigious international publication 'The Banker' in a ceremony held at the Intercontinental Hotel, Park Lane, London, on November 28, 2012. UBL won the award for promoting ind
Published 18 Dec, 2012 12:00am
Nadra issues 200,000 SNIC in just four weeks

Nadra issues 200,000 SNIC in just four weeks

On receiving an overwhelming response by citizens, National Database and Registration Authority (Nadra) has issued more than 200,000 Smart National Identity Card (SNIC) in just four weeks; a statement issued by Nadra Headquarters said. Nadra spokesperson
Published 18 Dec, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (December 17, 2012).

Published 18 Dec, 2012 12:00am
Muzaffar promoted as Deputy GM SLIC

Muzaffar promoted as Deputy GM SLIC

Muzaffar Ahmed head of the Corporate Communication Department State Life Insurance Corporation has been promoted as Deputy General Manager with immediate effect. Previously he was working as Assistant General Manager in the corporation.
Published 18 Dec, 2012 12:00am
Women entrepreneurs demand protection, concession

Women entrepreneurs demand protection, concession

Women entrepreneurs have termed the rising incidents of extortion of money, kidnapping for ransom, increased loadshedding of gas and power, and government unrealistic policies as real causes of economic mess in the country and demanded of the government t
Published 18 Dec, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (December 17, 2012).

Published 18 Dec, 2012 12:00am
No end to miseries of passport seekers is in sight

No end to miseries of passport seekers is in sight

Despite clear directives from Interior Minister Rehman Malik on early December to clear the backlog of around 0.4 million applications for passports within a week, no end to the miseries of passport seekers is in sight, a brief visit to Passport office in
Published 18 Dec, 2012 12:00am
Jubilee Life posts Rs 8.19 billion growth in nine months

Jubilee Life posts Rs 8.19 billion growth in nine months

Jubilee Life Insurance Company Limited continued its aggressive growth in the local market with its increasing volume of premium reaching to Rs 8.19 billion in the nine month period of 2012, showing an unparalleled growth of 42 percent over the correspond
Published 18 Dec, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (December 17, 2012).

Published 18 Dec, 2012 12:00am
Jubilee Life posts Rs 8.19 billion growth in nine months

Jubilee Life posts Rs 8.19 billion growth in nine months

Jubilee Life Insurance Company Limited continued its aggressive growth in the local market with its increasing volume of premium reaching to Rs 8.19 billion in the nine month period of 2012, showing an unparalleled growth of 42 percent over the correspond
Published 18 Dec, 2012 12:00am
'Musharraf will face all fake cases'

'Musharraf will face all fake cases'

"Pervez Musharraf is coming back for bringing change in the country, he will change the whole system so that innocent people can get justice, employment, peace and other facilities," said Aasia Ishaque, Central Secretary Information APML. In a statement i
Published 18 Dec, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (December 17, 2012).

Published 18 Dec, 2012 12:00am
Budget, posts for metro bus authority approved

Budget, posts for metro bus authority approved

Chief Minister Punjab Mohammad Shahbaz Sharif approved the budget and posts for the newly set up Metro Bus Authority and formed a recruitment committee to provide modern and comfortable transport facilities to the people across the province.
Published 18 Dec, 2012 12:00am
Shopkeepers displaying NTNs to face no action: FBR

Shopkeepers displaying NTNs to face no action: FBR

The Federal Board of Revenue will ensure that the field formations of the Regional Tax Offices (RTOs) would not harass compliant taxpayers including business units, shopkeepers and retail outlets, etc, who would display their National Tax Numbers (NTNs) o
Published 18 Dec, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (December 17, 2012).

Published 18 Dec, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (December 17, 2012).

Published 18 Dec, 2012 12:00am
FBR clarification

FBR clarification

Federal Board of Revenue (FBR's) spokesman has denied news reports by a section of media about tax figures of Chairman Public Accounts Committee, Nadeem Afzal Chan, MNA and Senator Muhammad Ishaq Dar. Denying the CIRP report and terming its contents incor
Published 18 Dec, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (December 17, 2012).

Published 18 Dec, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (December 17, 2012).

Published 18 Dec, 2012 12:00am
EPZA chief visits LCCI

EPZA chief visits LCCI

Export Processing Zones Authority (EPZA) Chairman M Saadat S Cheema visited Lahore Chamber of Commerce & Industries (LCCI) and met with President Farooq Iftikhar and other representatives of Chamber and briefed about Halal Zones. EPZA Chairman said that a
Published 18 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 Monday (December 17, 2012).

Published 18 Dec, 2012 12:00am
Tax demand against taxpayers: DI & IIR has no power to adjudicate: FTO

Tax demand against taxpayers: DI & IIR has no power to adjudicate: FTO

Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle has categorically ruled that Directorate of Intelligence & Investigation Inland Revenue (IR) has no legal authority to adjudicate tax demand against taxpayers, as the agency is empowered to conduct inq
Published 18 Dec, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 7th December, 2012.

Published 18 Dec, 2012 12:00am
Import duties: concessions for textile proposed

Import duties: concessions for textile proposed

Ministry of Textile Industry has proposed that concessions be given to the textile industry in import duties on energy related equipment, official sources told Business Recorder. The sources said that ECC of the Cabinet on October 23, 2012 had dire
Published 18 Dec, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 7th December, 2012.

Published 18 Dec, 2012 12:00am
Dr Qamar re-elected vice-president for WMO Asia

Dr Qamar re-elected vice-president for WMO Asia

Dr Qamar-uz-Zaman Chaudhry Advisor (Climate Affairs) Ministry of Defence re-elected as Vice-President UN-World Meteorological Organisation Asia-Region for the next four-year term (2013-2016) during its 15th Regional Session being held in Doha Qatar from D
Published 18 Dec, 2012 12:00am
General election likely in March 2013

General election likely in March 2013

In a bid not to take sides between the judiciary and its major ally - Muttahida Qaumi Movement (MQM), the ruling Pakistan People's Party (PPP) may go for holding the general election in March 2013, it is learnt.
Published 18 Dec, 2012 12:00am
Mirwaiz opens Shaheed-e-Millat Medical College in Muzaffarabad

Mirwaiz opens Shaheed-e-Millat Medical College in Muzaffarabad

Chairman of All Parties Hurriyet Conference, Mirwaiz Umar Farooq, inaugurated the Shaheed-e-Millat Medical College in Muzaffarabad. The college is dedicated to the father of Mirwaiz Umar Farooq, Shaheed Mirwaiz Moulvi Mohammad Farooq, Kashmir Media Servic
Published 18 Dec, 2012 12:00am
Presentation on state of corruption tomorrow

Presentation on state of corruption tomorrow

Transparency International Pakistan (TI-Pakistan) will make a detailed presentation on the state of corruption in Pakistan before the four-minister committee headed by Law Minister set up by the Prime Minister to take TI Pakistan's feed back on the issue
Published 18 Dec, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 17, 2012).

Published 18 Dec, 2012 12:00am
17 Uzbeks arrested

17 Uzbeks arrested

At least 17 Uzbeks were arrested by Frontier Constabulary from Chaghi bus stop on Monday. According to FC sources, in the wee hours 17 Uzbeks have been arrested from a coach who were illegally trying to cross the border through Taftan. No legal travelling
Published 18 Dec, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 17, 2012).

Published 18 Dec, 2012 12:00am
Etihad Airways named the world's leading airline

Etihad Airways named the world's leading airline

Etihad Airways, the national airline of the United Arab Emirates, has brought home top honours at the world travel awards, taking the world's leading airline title for the fourth year in a row. The awards were announced Sunday night at a black-tie gala ev
Published 18 Dec, 2012 12:00am
'People to reject anti-PPP alliance in Sindh'

'People to reject anti-PPP alliance in Sindh'

Senator Aajiz Dhamrah has said that anti-PPP alliance is acceptance of fact that PPP is largest political party of Sindh and country. He said that it was not new but was an old practice of opponents to form alliances against PPP but people of Pakistan had
Published 18 Dec, 2012 12:00am
Traders to be provided arms licences on priority basis

Traders to be provided arms licences on priority basis

In line with proposals of All Karachi Tajir Ittehad and FPCCI, the government has finally agreed to provide small traders with arms licences and will install security cameras in different areas," Chairman AKTI, Atiq Mir told Business Recorder. The
Published 18 Dec, 2012 12:00am
THE RUPEE: dollar at new peak

THE RUPEE: dollar at new peak

All kind of political and economic instability in the country provided the dollar an opportunity to hold the commanding position against the rupee on the currency market on Monday, money experts said. On the interbank market, the rupee crossed 98 mark and
Published 18 Dec, 2012 12:00am
THE RUPEE: dollar at new peak

THE RUPEE: dollar at new peak

All kind of political and economic instability in the country provided the dollar an opportunity to hold the commanding position against the rupee on the currency market on Monday, money experts said. On the interbank market, the rupee crossed 98 mark and
Published 18 Dec, 2012 12:00am
Homi elected Karachi Gymkhana chief

Homi elected Karachi Gymkhana chief

Homi B Khambata was been elected President, Karachi Gymkhana for the year 2013 at the elections held on December 16. He secured 1483 votes which is 72 percent of the total votes cast. Other members elected were: Tariq Hilaly, Abid H Africawala, Saqib Nase
Published 18 Dec, 2012 12:00am
Punjab can produce around 17,000 megawatts of electricity: AFP

Punjab can produce around 17,000 megawatts of electricity: AFP

Agri Forum Pakistan (AFP) Chairman Muhammad Ibrahim Mughal claimed that Punjab can produce around 17,000 mega watt of electricity from different sources which is sufficient for its power requirements till year 2020. Talking to media persons here on Monday
Published 18 Dec, 2012 12:00am
APTMA chairman criticises SNGPL for gas woes

APTMA chairman criticises SNGPL for gas woes

Chairman All Pakistan Textile Mills Association (APTMA) Punjab Shahzad Ali Khan has criticised the SNGPL for suspending gas supply to textile industry for indefinite period, saying that it is anti-industry and anti-worker action and detrimental to country
Published 18 Dec, 2012 12:00am
PPCBL receiving deposits under various schemes

PPCBL receiving deposits under various schemes

The Punjab Provincial Co-operative Bank Limited (PPCBL) is receiving deposits from its clients under its various attractive deposit schemes, PPCBL spokesman Rana Irshad Ali said on Monday. He said under the Super Saver Scheme, the bank is paying 7 percent
Published 18 Dec, 2012 12:00am
Loadshedding LHC adjourns hearing of petitions till January 16

Loadshedding LHC adjourns hearing of petitions till January 16

The Lahore High Court (LHC) while hearing petitions against electricity load shedding observed that the situation could be better if the Water and Power Development Authority (Wapda) focused on recovery instead of over-billing. Earlier, the Wpada' counsel
Published 18 Dec, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Dec, 2012 12:00am
All BoP branches to become profitable by 2013, PA told

All BoP branches to become profitable by 2013, PA told

Parliamentary Secretary for Finance, Abdul Waheed, told Punjab Assembly on Monday that by 2013 all branches of Bank of Punjab (BoP) will be profitable. He was responding to a question of a member during question hour. He said adequate steps were being tak
Published 18 Dec, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Dec, 2012 12:00am
New Indo-Pak visa policy becomes effective: HC

New Indo-Pak visa policy becomes effective: HC

New visa policy between India and Pakistan has become effective from December 17 instead of earlier agreed January 15, 2013. This was stated by Sharat Sabharwal, High Commissioner of India, during his meeting with the members of Faisalabad Chamber of Comm
Published 18 Dec, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 18 Dec, 2012 12:00am
'Punjab increases health budget every year'

'Punjab increases health budget every year'

A spokesman of Health Department has said that Punjab government is increasing budget every year for providing free medicines to the patients in government hospitals. He said that more than Rs 5.78 billion have been allocated for providing free medicines
Published 18 Dec, 2012 12:00am
One killed over domestic issue

One killed over domestic issue

A person was tortured to death over domestic issue here on Monday. According to Police, Riyaz Ahmed S/o Allah Ditta was tortured by Mumtaz Ahmed and Muhammad Manzoor over domestic issue. He sustained serious injuries and died. The alleged persons fled fro
Published 18 Dec, 2012 12:00am
Ministerial team visits TUSDEC

Ministerial team visits TUSDEC

The monetary team from the Ministry of Production visited TUSDEC (Technology Upgradation and Skills Development Company) head office here on Monday to review the PSDP (Public Sector Development Programs) being implemented by the company.
Published 18 Dec, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Dec, 2012 12:00am
Mega steel project to help attract FDI: TSML

Mega steel project to help attract FDI: TSML

Tuwairqi Steel Mills Limited (TSML), a private sector entity, is ready for commercial production in the first week of January 2013 that would not only cater the steel needs of the country but would be able to export value-added products.
Published 18 Dec, 2012 12:00am
President's warning

President's warning

'No one will be allowed to disturb Karachi peace: Zardari'. What peace Mr President?
Published 18 Dec, 2012 12:00am
'3 Es' versus '3 Ds' - II

'3 Es' versus '3 Ds' - II

The entire nation, whatever little support it had for the Taliban, has now completely turned against the despicable terrorists who kill and maim fellow country men, women and innocent children, without discrimination. The issues of drone attacks in Waziri
Published 18 Dec, 2012 12:00am
Japan's Liberal Democrats back in power, face more problems

Japan's Liberal Democrats back in power, face more problems

The once-dominant Liberal Democratic Party is poised to return to power for the first time in three years following a landslide victory in Sunday's parliamentary elections. But its celebrations are unlikely to last long, as Japan's problems have increased
Published 18 Dec, 2012 12:00am
Time for introspection

Time for introspection

Our politicians don't believe in introspection because they think they are infallible - a self-destructive belief that makes them go on committing ever-bigger blunders. Nor do they realise that the saner route to defending themselves is to come out with c
Published 18 Dec, 2012 12:00am
Attack on Peshawar airport

Attack on Peshawar airport

One would very much like to believe that the back of militancy has been broken, but the Saturday night attack on Peshawar airport, followed by the daylong fight between militants and security personnel in airport's neighbourhood tends to suggest that some
Published 18 Dec, 2012 12:00am
The 'SRO culture'

The 'SRO culture'

The Public Accounts Committee (PAC) under the chairmanship of Nadeem Afzal Gondal took strong exception to the issuance of as many as 4500 Statutory Regulatory Orders (SROs) that effectively undermined the Parliament's right to reduce or enhance existing
Published 18 Dec, 2012 12:00am
Peace in south Asia linked to Kashmir settlement: JKDPM

Peace in south Asia linked to Kashmir settlement: JKDPM

Hurriyet leader and the Chairman of Jammu and Kashmir Democratic Political Movement (DPM), in occupied Kashmir, Firdous Ahmed Shah has said that Kashmir is an international dispute and peace in South Asia was not possible without settling it in line with
Published 18 Dec, 2012 12:00am
'Wattoo not being replaced as party president'

'Wattoo not being replaced as party president'

Secretary General Pakistan Peoples' Party (PPP) Jehangir Badar has said that Mian Manzoor Wattoo is not being replaced as President PPP Punjab and the party was quite satisfied with his performance. He was talking to media at the University of Punjab on M
Published 18 Dec, 2012 12:00am
Reko Diq case: lease in national interest, Supreme Court told

Reko Diq case: lease in national interest, Supreme Court told

The Supreme Court on Monday observed that the matter of Reko Diq case would be decided as early as possible mainly because of its high national and international import. While commencing arguments before a three-judge bench of the Chief Justice Iftikhar M
Published 18 Dec, 2012 12:00am
Reserved seats for women: PTI chief's statement irks women MPs

Reserved seats for women: PTI chief's statement irks women MPs

Women parliamentarian elected on reserve seats have expressed indignation over the Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan's remarks regarding the allocation of special seats to women. While criticising the remarks, Anusha Rehman of PML-N said tha
Published 18 Dec, 2012 12:00am
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