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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-02-27
Industrialists voice concern over prevailing economic condition

Industrialists voice concern over prevailing economic condition

Industrialists have voiced serious concern over prevailing economic condition and expressed that nothing is going in the favour of business community, the industrialists are repeatedly demanding to normalise law-and-order condition otherwise ailing indust
Published 27 Feb, 2013 12:00am
Zardari briefed about law, order

Zardari briefed about law, order

Interior Minister Senator Rehman Malik called on President Asif Ali Zardari at Aiwan-e-Sadr on Tuesday. The Interior Minister briefed the President on law & order situation in the country. The President inquired about the progress in the investigation and
Published 27 Feb, 2013 12:00am
Elahi assigned charge of PLDDB CEO

Elahi assigned charge of PLDDB CEO

The Chief Minister Punjab Muhammad Shahbaz Sharif entrusted the charge of the Chief Executive Officer (CEO) of the Punjab Livestock and Dairy Development Board (PLDDB) to the Secretary Livestock and Dairy Development SQN. Leader (r) Muhammad Irfan Elahi.
Published 27 Feb, 2013 12:00am
Bone marrow patient Shahbaz approves Rs 1.5 million

Bone marrow patient Shahbaz approves Rs 1.5 million

Taking notice of a private TV channel's report about illness of a 10-month old child, Abdul Qayyum of Chiniot, Punjab Chief Minister Muhammad Shahbaz Sharif on Tuesday approved Rs 1.5 million for bone marrow transplant of Abdul Qayyum. After the approval
Published 27 Feb, 2013 12:00am
Sales tax evasion FIR lodged against Salfi textile directors, officers

Sales tax evasion FIR lodged against Salfi textile directors, officers

Under the crackdown against textile tycoons, the Federal Board of Revenue (FBR) has registered an FIR against directors and officers of M/s Salfi Textile Karachi owned by TATA Group for committing violations of SRO.283(I)/2011 and SRO.1125(I)/2011.
Published 27 Feb, 2013 12:00am
ASWJ worker among five killed in Karachi

ASWJ worker among five killed in Karachi

At least five persons including a woman and a worker of Ahle Sunnat Wal Jamaat (ASWJ) were killed in separate incidents of violence in the metropolis here on Tuesday. According to police and rescue sources, a 30-year-old man came under armed attack in Lin
Published 27 Feb, 2013 12:00am
Speaker prorogues Punjab Assembly sine die

Speaker prorogues Punjab Assembly sine die

Speaker Punjab Assembly Speaker Rana Muhammad Iqbal on Tuesday prorogued Punjab Assembly session sine die, when quorum was pointed out while outside the house Pakistan People's Party (PPP) legislators led by opposition leader Raja Riaz distributed sweets
Published 27 Feb, 2013 12:00am
Alleged TTP member arrested

Alleged TTP member arrested

Crime Investigation Department (CID) on Tuesday claimed to have arrested an alleged member of banned Tehrik-e-Taliban Pakistan (TTP) and recovered arms and ammunition from his possession. According to SSP Fayaz Khan, a CID team on a tip-off conducted raid
Published 27 Feb, 2013 12:00am
Domestic industry Punjab government to hold seminar

Domestic industry Punjab government to hold seminar

The Punjab government has taken an initiative to arrange a seminar tomorrow on "Trade Defence Instruments and Level Playing Field for the domestic industry" here at the Lahore Chamber of Commerce and Industry.
Published 27 Feb, 2013 12:00am
HBFCL sets Rs 1,900 million disbursement target for 2013

HBFCL sets Rs 1,900 million disbursement target for 2013

The House Building Finance Company Limited (HBFCL) has set disbursement target of Rs 1,900 million for the year 2013 and in order to facilitate the customers to the maximum, has decided to establish Customer Facilitation Centre (CFC) in various cities.
Published 27 Feb, 2013 12:00am
Bilwani condoles journalist's death

Bilwani condoles journalist's death

Central Chairman, Pakistan Hosiery Manufacturers & Exporters Association, M. Jawed Bilwani, expressed his deepest grief and sorrow over the sudden and tragic demise of senior journalist Khushnood Ali Shaikh in a road accident on Monday night.
Published 27 Feb, 2013 12:00am
Transfers, postings in LDA

Transfers, postings in LDA

Lahore Development Authority (LDA) has on Tuesday carried transfers and postings of its officials. According to a notification, LDA Director General Ahad Khan Cheema posted Ishtiaq Ahmad Chaudhary (awaiting posting) as Director Education, LDA. His predece
Published 27 Feb, 2013 12:00am
Senator Razina's book launched

Senator Razina's book launched

PML-N Central leader Mariam Nawaz Shaif has said that no country could progress without their women participation in every field of life. She said that the men should have to support women and develop self-confidence at home. She was addressing the book l
Published 27 Feb, 2013 12:00am
Policeman killed in fresh attack on anti-polio team

Policeman killed in fresh attack on anti-polio team

A policeman was shot dead Tuesday while protecting a polio vaccination team, police said, bringing the death toll in such attacks to 20 since December. No one has claimed responsibility for the killings. But the umbrella Taliban faction last year banned p
Published 27 Feb, 2013 12:00am
'Regularising contract employees'

'Regularising contract employees'

This is in response to an Editorial "Regularising contract employees" published in Business Recorder on February 07, 2013. Ironically, two entirely different issues have been confused with each other, thus wrongly alleging BISP of not abiding by th
Published 27 Feb, 2013 12:00am
Conflict fails to silence Mali's music

Conflict fails to silence Mali's music

The neon-lit dance floor at Tiken Jah Fakoly's club is empty for a Friday night, but a determined few have braved a state of emergency, security checkpoints and ongoing war to hear some Mali music. The headliner and only act tonight at the Ivory Coast-bor
Published 27 Feb, 2013 12:00am
Left behind in war, Palestinian books sit in Israeli library

Left behind in war, Palestinian books sit in Israeli library

As war came to Jerusalem in May 1948, Palestinian Omar Saleh Barghouti fled his home, leaving behind hundreds of his books, including years worth of his diaries. He would never see them again. Unknown to him, as the battle over the creation of the Jewish
Published 27 Feb, 2013 12:00am
Factory inspectors

Factory inspectors

By and large, the practice in most developed countries has been to recruit engineers as Inspectors of Factories. It should be accepted that Factory Inspection is a live profession which has to improve its techniques in keeping with the technological devel
Published 27 Feb, 2013 12:00am
The massive blackout

The massive blackout

As if an unending power crisis was not enough to disrupt public life, a massive electricity breakdown hit more than half of the country on Sunday night. All major cities, including the capital Islamabad, Karachi, Sukkur, Hyderabad, Multan, Lahore, Gujranw
Published 27 Feb, 2013 12:00am
Debt default a distinct possibility

Debt default a distinct possibility

Responding to queries by the Senate's Standing Committee on Finance Governor State Bank of Pakistan Yaseen Anwar has stated that the current debt situation could result in a debt trap. He clarified that the inability to generate revenue has led to a prima
Published 27 Feb, 2013 12:00am
Pentagon nominee Hagel clears key US Senate hurdle

Pentagon nominee Hagel clears key US Senate hurdle

President Barack Obama's embattled pick to head the Pentagon cleared a key hurdle Tuesday when many Republicans ended their obstruction and the Senate agreed to bring Chuck Hagel's nomination to a vote. Members of the chamber voted 71-27, with 18 Republic
Published 27 Feb, 2013 12:00am
What caused Hafeez's resignation?

What caused Hafeez's resignation?

Finance Minister, Dr Abdul Hafeez Shaikh's surprising resignation was reportedly partly due to developing major differences with Governor State Bank of Pakistan (SBP), Yasim Anwar over the timing of new program of International Monetary Fund (IMF). Offici
Published 27 Feb, 2013 12:00am
What caused Hafeez's resignation?

What caused Hafeez's resignation?

Finance Minister, Dr Abdul Hafeez Shaikh's surprising resignation was reportedly partly due to developing major differences with Governor State Bank of Pakistan (SBP), Yasim Anwar over the timing of new program of International Monetary Fund (IMF). Offici
Published 27 Feb, 2013 12:00am
What caused Hafeez''s resignation?

What caused Hafeez''s resignation?

Finance Minister, Dr Abdul Hafeez Shaikh''s surprising resignation was reportedly partly due to developing major differences with Governor State Bank of Pakistan (SBP), Yasim Anwar over the timing of new program of International Monetary Fund (IMF). Offic
Published 27 Feb, 2013 12:00am
Mandviwalla warns currency speculators

Mandviwalla warns currency speculators

Finance Minister Saleem Mandviwalla on Tuesday warned money changers that action would be taken against them if they continued speculations thereby to depreciate rupee against the dollar. In his first interaction with media since taking over the charge of
Published 27 Feb, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (February 26, 2013).

Published 27 Feb, 2013 12:00am
Mandviwalla warns currency speculators

Mandviwalla warns currency speculators

Finance Minister Saleem Mandviwalla on Tuesday warned money changers that action would be taken against them if they continued speculations thereby to depreciate rupee against the dollar. In his first interaction with media since taking over the charge of
Published 27 Feb, 2013 12:00am
Mandviwalla warns currency speculators

Mandviwalla warns currency speculators

Finance Minister Saleem Mandviwalla on Tuesday warned money changers that action would be taken against them if they continued speculations thereby to depreciate rupee against the dollar. In his first interaction with media since taking over the charge of
Published 27 Feb, 2013 12:00am
Europe in shock after Italian election ends in impasse

Europe in shock after Italian election ends in impasse

Italy was at an impasse Tuesday after an election seen as crucial for the eurozone failed to produce a clear winner and provided a shock debut for a populist anti-austerity party, rattling world markets and setting off alarm bells across Europe. Italian s
Published 27 Feb, 2013 12:00am
Europe in shock after Italian election ends in impasse

Europe in shock after Italian election ends in impasse

Italy was at an impasse Tuesday after an election seen as crucial for the eurozone failed to produce a clear winner and provided a shock debut for a populist anti-austerity party, rattling world markets and setting off alarm bells across Europe. Italian s
Published 27 Feb, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 26, 2013).

Published 27 Feb, 2013 12:00am
Europe in shock after Italian election ends in impasse

Europe in shock after Italian election ends in impasse

Italy was at an impasse Tuesday after an election seen as crucial for the eurozone failed to produce a clear winner and provided a shock debut for a populist anti-austerity party, rattling world markets and setting off alarm bells across Europe. Italian s
Published 27 Feb, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 26, 2013).

Published 27 Feb, 2013 12:00am
Bears tighten grip

Bears tighten grip

Bears tightened their grip on Karachi Stock Exchange on second consecutive day Tuesday and the benchmark KSE-100 index lost 125.60 points to close at 17,894.90 points from 18,020.50 points Monday. On Tuesday, the benchamark-100 index opened in green zone
Published 27 Feb, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 26, 2013).

Published 27 Feb, 2013 12:00am
Bears tighten grip

Bears tighten grip

Bears tightened their grip on Karachi Stock Exchange on second consecutive day Tuesday and the benchmark KSE-100 index lost 125.60 points to close at 17,894.90 points from 18,020.50 points Monday. On Tuesday, the benchamark-100 index opened in green zone
Published 27 Feb, 2013 12:00am
Bears tighten grip

Bears tighten grip

Bears tightened their grip on Karachi Stock Exchange on second consecutive day Tuesday and the benchmark KSE-100 index lost 125.60 points to close at 17,894.90 points from 18,020.50 points Monday. On Tuesday, the benchamark-100 index opened in green zone
Published 27 Feb, 2013 12:00am
BRIndex30 down by 175.21 points

BRIndex30 down by 175.21 points

On Tuesday, BRIndex30 opened at 12,230.38. It touched an intraday high of 12,257.22 and an intraday low of 11,988.45 and closed at 12,055.17 which was -175.21 points or -1.43 percent lower than previous close. Total volume was 226,798,900, which was 72.49
Published 27 Feb, 2013 12:00am
BRIndex30 down by 175.21 points

BRIndex30 down by 175.21 points

On Tuesday, BRIndex30 opened at 12,230.38. It touched an intraday high of 12,257.22 and an intraday low of 11,988.45 and closed at 12,055.17 which was -175.21 points or -1.43 percent lower than previous close. Total volume was 226,798,900, which was 72.49
Published 27 Feb, 2013 12:00am
Bernanke says sequester would hit US recovery

Bernanke says sequester would hit US recovery

Federal Reserve Chair-man Ben Ber-nanke warned Congress Tuesday that the $85 billion in spending cuts of the March 1 sequester would place a "significant" additional burden on the US economic recovery. "The Congress and the administration should consider
Published 27 Feb, 2013 12:00am
Bernanke says sequester would hit US recovery

Bernanke says sequester would hit US recovery

Federal Reserve Chair-man Ben Ber-nanke warned Congress Tuesday that the $85 billion in spending cuts of the March 1 sequester would place a "significant" additional burden on the US economic recovery. "The Congress and the administration should consider
Published 27 Feb, 2013 12:00am
Bernanke says sequester would hit US recovery

Bernanke says sequester would hit US recovery

Federal Reserve Chair-man Ben Ber-nanke warned Congress Tuesday that the $85 billion in spending cuts of the March 1 sequester would place a "significant" additional burden on the US economic recovery. "The Congress and the administration should consider
Published 27 Feb, 2013 12:00am
PSO gets Rs 15 billion for furnace oil imports

PSO gets Rs 15 billion for furnace oil imports

The Ministry of Finance has released Rs 15 billion to Pakistan State Oil (PSO), enabling it to continue importing furnace oil by clearing Letters of Credit (L/Cs) payments to international fuel suppliers. According to Petroleum Ministry sources, Finance M
Published 27 Feb, 2013 12:00am
PSO gets Rs 15 billion for furnace oil imports

PSO gets Rs 15 billion for furnace oil imports

The Ministry of Finance has released Rs 15 billion to Pakistan State Oil (PSO), enabling it to continue importing furnace oil by clearing Letters of Credit (L/Cs) payments to international fuel suppliers. According to Petroleum Ministry sources, Finance M
Published 27 Feb, 2013 12:00am
PSO gets Rs 15 billion for furnace oil imports

PSO gets Rs 15 billion for furnace oil imports

The Ministry of Finance has released Rs 15 billion to Pakistan State Oil (PSO), enabling it to continue importing furnace oil by clearing Letters of Credit (L/Cs) payments to international fuel suppliers. According to Petroleum Ministry sources, Finance M
Published 27 Feb, 2013 12:00am
Former Ogra chief's deportation matter of hours, Supreme Court told

Former Ogra chief's deportation matter of hours, Supreme Court told

The Supreme Court was informed on Tuesday that former chairman of Oil and Gas Regulatory Authority (Ogra) Tauqir Sadiq would be deported to Pakistan from United Arab Emirates (UAE) in the next 48 hours. A three-member bench headed by Chief Justice Iftikha
Published 27 Feb, 2013 12:00am
Former Ogra chief's deportation matter of hours, Supreme Court told

Former Ogra chief's deportation matter of hours, Supreme Court told

The Supreme Court was informed on Tuesday that former chairman of Oil and Gas Regulatory Authority (Ogra) Tauqir Sadiq would be deported to Pakistan from United Arab Emirates (UAE) in the next 48 hours. A three-member bench headed by Chief Justice Iftikha
Published 27 Feb, 2013 12:00am
Former Ogra chief''s deportation matter of hours, Supreme Court told

Former Ogra chief''s deportation matter of hours, Supreme Court told

The Supreme Court was informed on Tuesday that former chairman of Oil and Gas Regulatory Authority (Ogra) Tauqir Sadiq would be deported to Pakistan from United Arab Emirates (UAE) in the next 48 hours. A three-member bench headed by Chief Justice Iftikha
Published 27 Feb, 2013 12:00am
Electoral alliance forged: Nawaz gains foothold in Sindh

Electoral alliance forged: Nawaz gains foothold in Sindh

Nawaz Sharif on Tuesday announced that PML-N, PML-F and NPP have entered into an electoral alliance and field joint candidates in the upcoming elections. He was flanked by PML-F chief Pir Sibghatullah Shah Rashdi (Pir Pagara), NPP's Ghulam Murtaza Jatoi a
Published 27 Feb, 2013 12:00am
Electoral alliance forged: Nawaz gains foothold in Sindh

Electoral alliance forged: Nawaz gains foothold in Sindh

Nawaz Sharif on Tuesday announced that PML-N, PML-F and NPP have entered into an electoral alliance and field joint candidates in the upcoming elections. He was flanked by PML-F chief Pir Sibghatullah Shah Rashdi (Pir Pagara), NPP's Ghulam Murtaza Jatoi a
Published 27 Feb, 2013 12:00am
Dream of fair election would soon come true: CoAS

Dream of fair election would soon come true: CoAS

Chief of Army Staff General Ashfaq Pervez Kayani on Tuesday said only people have the right to choose their leaders, adding that the result of election will be accepted with an open heart. Talking to media in Islamabad, the army chief said that free & fai
Published 27 Feb, 2013 12:00am
Dream of fair election would soon come true: CoAS

Dream of fair election would soon come true: CoAS

Chief of Army Staff General Ashfaq Pervez Kayani on Tuesday said only people have the right to choose their leaders, adding that the result of election will be accepted with an open heart. Talking to media in Islamabad, the army chief said that free & fai
Published 27 Feb, 2013 12:00am
Quetta carnage: Supreme Court seeks comprehensive report

Quetta carnage: Supreme Court seeks comprehensive report

The Supreme Court on Tuesday sought a comprehensive report from Balochistan government on restoration of peace in Quetta along with identification of causes that led to the Hazara community carnage. A three-judge led by the Chief Justice Iftikhar Muhammad
Published 27 Feb, 2013 12:00am
Quetta carnage: Supreme Court seeks comprehensive report

Quetta carnage: Supreme Court seeks comprehensive report

The Supreme Court on Tuesday sought a comprehensive report from Balochistan government on restoration of peace in Quetta along with identification of causes that led to the Hazara community carnage. A three-judge led by the Chief Justice Iftikhar Muhammad
Published 27 Feb, 2013 12:00am
Mismanagement, inaction behind blackout

Mismanagement, inaction behind blackout

Investigation into the reasons for countrywide blackout on February 24, 2013 has revealed that it was total mismanagement and inaction by the Ministry of Water and Power, but responsibility for the negligence is not being fixed, well-informed sources told
Published 27 Feb, 2013 12:00am
Mismanagement, inaction behind blackout

Mismanagement, inaction behind blackout

Investigation into the reasons for countrywide blackout on February 24, 2013 has revealed that it was total mismanagement and inaction by the Ministry of Water and Power, but responsibility for the negligence is not being fixed, well-informed sources told
Published 27 Feb, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Feb, 2013 12:00am
Mismanagement, inaction behind blackout

Mismanagement, inaction behind blackout

Investigation into the reasons for countrywide blackout on February 24, 2013 has revealed that it was total mismanagement and inaction by the Ministry of Water and Power, but responsibility for the negligence is not being fixed, well-informed sources told
Published 27 Feb, 2013 12:00am
President briefed about causes

President briefed about causes

A meeting was held on Tuesday here with President Asif Ali Zardari in chair to review the power situation in the country. The meeting was attended by Minister for Water and Power Chaudhry Ahmad Mukhtar, Minister for Finance Saleem H. Mandviwala, Advisor t
Published 27 Feb, 2013 12:00am
President briefed about causes

President briefed about causes

A meeting was held on Tuesday here with President Asif Ali Zardari in chair to review the power situation in the country. The meeting was attended by Minister for Water and Power Chaudhry Ahmad Mukhtar, Minister for Finance Saleem H. Mandviwala, Advisor t
Published 27 Feb, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 Feb, 2013 12:00am
President briefed about causes

President briefed about causes

A meeting was held on Tuesday here with President Asif Ali Zardari in chair to review the power situation in the country. The meeting was attended by Minister for Water and Power Chaudhry Ahmad Mukhtar, Minister for Finance Saleem H. Mandviwala, Advisor t
Published 27 Feb, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Feb, 2013 12:00am
Karachi case: Supreme Court issues show-cause notice to IGP Sindh

Karachi case: Supreme Court issues show-cause notice to IGP Sindh

The Supreme Court of Pakistan on Tuesday issued a show-cause notice to Inspector General Police Sindh over concealing names of some police officers involved in criminal activities. A five-member bench of the SC, headed by Justice Anwar Zaheer Jamali, resu
Published 27 Feb, 2013 12:00am
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