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Print - 2013-03-28
Former Nespak chief's removal: Supreme Court seeks explanation

Former Nespak chief's removal: Supreme Court seeks explanation

The Supreme Court on Wednesday served notices on authorities concerned over the removal of the former Managing Director of Nespak Asad I Khan from office and sought replies on March 28 (today). The notices were issued to incumbent MD Nespak Tahir Shamshad
Published 28 Mar, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (March 27, 2013).

Published 28 Mar, 2013 12:00am
PBC election

PBC election

Mian Abbas has been elected unopposed chairman of executive committee of Pakistan Bar Council for year 2013. A meeting of executive committee headed by outgoing chairman Burhan Moazzam Malik elected Mian Abbas here on Wednesday.
Published 28 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 27, 2013).

Published 28 Mar, 2013 12:00am
Jamaat-i-Islami urges parties to field honest candidates

Jamaat-i-Islami urges parties to field honest candidates

Ameer, Jamaat-i-Islami, Pakistan, Syed Munawar Hasan, said the JI expected all the parties to issue tickets only to the men of integrity and good character and cleansing the parties from the black sheep. Talking to the different delegations at Mansoora on
Published 28 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 27, 2013).

Published 28 Mar, 2013 12:00am
UN to launch human development report today

UN to launch human development report today

United Nations Development Programme (UNDP) launching a human development report, "The rise of the South: Human Progress in a Diverse World" on Thursday, (today) here at a local hotel.
Published 28 Mar, 2013 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

Marginal fluctuations were witnessed in the value of the rupee versus the dollar despite strong demand for forward buying of the US currency, dealers said. The rupee inched up by one paisa against the dollar for buying and selling at Rs 98.39 and Rs 98.41
Published 28 Mar, 2013 12:00am
Call to stop India to build disputed dams

Call to stop India to build disputed dams

Agri Forum Pakistan Chairman Dr Muhammad Ibrahim Mughal has urged the President, Caretaker Prime Minister, Chief Justice of Pakistan, Chief of the Army Staff and Punjab Chief Minister to make efforts for stopping the construction of all controversial dams
Published 28 Mar, 2013 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

Marginal fluctuations were witnessed in the value of the rupee versus the dollar despite strong demand for forward buying of the US currency, dealers said. The rupee inched up by one paisa against the dollar for buying and selling at Rs 98.39 and Rs 98.41
Published 28 Mar, 2013 12:00am
Provincial Seed Council approves, releases two wheat varieties

Provincial Seed Council approves, releases two wheat varieties

The Provincial Seed Council in its 30th meeting held on 26 March 2013 approved and released two wheat varieties 'Benazir-2012' and 'Hammal' and one sugar cane variety 'Chandka' for general cultivation in Sindh. 'Benazir-2012' variety has given 24 percent
Published 28 Mar, 2013 12:00am
Musharraf says may contest polls from Karachi or Chitral

Musharraf says may contest polls from Karachi or Chitral

Former military ruler General Pervez Musharraf (retired) on Wednesday said that he might contest elections from either NA-250 in Karachi or Chitral or both. Although, he said, the last date for submission of nomination papers (March 29) was not so far awa
Published 28 Mar, 2013 12:00am
Musharraf to visit Chitral next month for electioneering

Musharraf to visit Chitral next month for electioneering

Despite life threats from militant outfits, former president General Pervez Musharraf will show up in Chitral with his trademark style, showing the powerful fist to his opponents once again, making it sure that his love for Pakistan and particularly Chitr
Published 28 Mar, 2013 12:00am
Gomal Zam Power House on test run

Gomal Zam Power House on test run

The Pakistan Water and Power Development Authority (WAPDA) has successfully completed the 17.4 megawatt (MW) Gomal Zam Power House - a component of the Gomal Zam Dam Project. Gomal Zam Dam is the first-ever mega project in the water sector constructed in
Published 28 Mar, 2013 12:00am
Phone default list: NTC identifies 284 former lawmakers

Phone default list: NTC identifies 284 former lawmakers

The National Telecom Corporation (NTC) has issued a list of 284 former parliamentarians who have failed to pay their telephone bills, it is learnt. Sources said that the NTC handed over the list of defaulters who cumulatively owed as much as Rs 12.14 mill
Published 28 Mar, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (March 27, 2013).

Published 28 Mar, 2013 12:00am
LHC seeks all low-paid court employees list

LHC seeks all low-paid court employees list

Lahore High Court has sought details of dependants of its all the Class-IV employees. In a circular addressed to all the officers at Principal Seat of the Lahore High Court and its benches at Rawalpindi, Multan and Bahawalpur, its has been required to fur
Published 28 Mar, 2013 12:00am
SCCI rejects increase in power tariff

SCCI rejects increase in power tariff

Sarhad Chamber of Commerce and Industry (SCCI) rejected the proposal of Planning Commission for increase in power tariff up to 14 per cent, termed it totally unworkable idea under the present economic conditions of the country. This was stated by the SCCI
Published 28 Mar, 2013 12:00am
Mobile phone import reaches $459.46 million in eight months

Mobile phone import reaches $459.46 million in eight months

The import of mobile phone increased by 1.7 percent during the first eight months of current fiscal year as compared to the same period of last year. The import of mobile phone into the country during July-February (2012-13) was recorded at $459.46 millio
Published 28 Mar, 2013 12:00am
ECP notifies redescribed constituencies of NA, Pas

ECP notifies redescribed constituencies of NA, Pas

The Election Commission of Pakistan (ECP) on Wednesday has notified re-described constituencies of national and provincial assemblies. The notification says that 128 National Assembly constituencies and 292 provincial constituencies have been re-described
Published 28 Mar, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Mar, 2013 12:00am
Rasm-e-Qul of G M Piracha today

Rasm-e-Qul of G M Piracha today

Rasm-e-Qul of Retired Commissioner, G M Piracha, will be held on Thursday, March 28 (today) at 5.00pm at Jamia Masjid, Canal View Housing Society. Separate arrangement has been made for ladies for Quran Khawani at 23-A Canal View Housing Society.
Published 28 Mar, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Mar, 2013 12:00am
Sethi ninth Old Ravian to become chief minister: GCU vice chancellor

Sethi ninth Old Ravian to become chief minister: GCU vice chancellor

Eminent analyst Najam Sethi is the 9th Old Ravian to become the chief minister of Punjab, said Government College University Lahore Vice Chancellor Professor Dr Muhammad Khaleeq-ur-Rahman while passing on good wishes to Sethi on taking oath as the caretak
Published 28 Mar, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 28 Mar, 2013 12:00am
ACCA acknowledges new members' achievements

ACCA acknowledges new members' achievements

ACCA employers, Learning partners and workplace mentors gathered on Wednesday to celebrate the achievement of more than 250 new members that had reached the ACCA membership landmark in 2012.
Published 28 Mar, 2013 12:00am
French envoy visits APTMA Punjab office

French envoy visits APTMA Punjab office

Marc Murcia, Head of the Economics Department, Embassy of France in Pakistan, visited All Pakistan Textile Mills Association (APTMA) Punjab on Wednesday. Chairman APTMA Punjab Shahzad Ali Khan welcomed him at the APTMA Punjab office. Senior Vice Chairman
Published 28 Mar, 2013 12:00am
CDGL to repair century-old buildings

CDGL to repair century-old buildings

City District Government (CDG) Lahore will repair more than one-century- old buildings, Newton Hall and Patiala People Library of King Edward Medical University, under Dilkash Lahore Project. District Coordination Officer (DCO) Lahore Noor-ul-Amin Mengal
Published 28 Mar, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Mar, 2013 12:00am
MQM candidates file nomination papers in Punjab

MQM candidates file nomination papers in Punjab

Candidates of the Muttahida Qaumi Movement for the National and Punjab Assembly seats filed their nomination papers in various constituencies of Lahore, Sahiwal and Sheikhupura on Wednesday. According to MQM sources, Tahira Asif filed nomination papers fo
Published 28 Mar, 2013 12:00am
Supreme Court accepts unconditional apology of local loop operator

Supreme Court accepts unconditional apology of local loop operator

The Supreme Court of Pakistan on Wednesday accepted unconditional apology of a local loop operator LDI for filing a suit against Competition Commission of Pakistan (CCP) before Sindh High Court (SHC) by concealing facts. The bench also directed the CCP to
Published 28 Mar, 2013 12:00am
Registration of blood banks begins

Registration of blood banks begins

With a view to regulate the affairs of blood banks in the province of Punjab, the Health Department Punjab has started registration of blood banks in the province and licenses in this regard are being issued. Secretary Punjab Blood Transfusion Authority (
Published 28 Mar, 2013 12:00am
FMPAC seeks resumption of gas to fertiliser sector

FMPAC seeks resumption of gas to fertiliser sector

Fertiliser Manufacturers Pakistan Advisory Council (FMPAC) has pleaded to Prime Minister Mir Hazar Khan Khoso and Ministry of Petroleum and Natural Resources to resolve the crisis being faced by fertiliser industry due to continuous gas curtailment.
Published 28 Mar, 2013 12:00am
Biotech crop hectares witness unprecedented rise

Biotech crop hectares witness unprecedented rise

Biotech crop hectares increased by an unprecedented 100-fold from 1.7 million hectares in 1996, to over 170 million hectares in 2012 making biotech crops the fastest adopted crop technology in recent times - the reason - they deliver benefits.
Published 28 Mar, 2013 12:00am
200 candidates file nomination papers in Multan

200 candidates file nomination papers in Multan

As many as 200 aspirants filed their nomination papers for six seats of NA and 13 seats of Provincial Assembly in the city. Though main parties including Pakistan People's Party, Pakistan Muslim League and Pakistan Tehrik-e-Insaf have finalised most of th
Published 28 Mar, 2013 12:00am
Three-day book fair at PU from today

Three-day book fair at PU from today

Punjab University's three-day annual Book Fair 2013, under the aegis of PU administration, will be inaugurated on Thursday (today) at the corridor of Institute of Education and Research, New Campus. The event will continue from 9am to 8pm till March 30.
Published 28 Mar, 2013 12:00am
Fourth ICTC at Lahore Expo Centre today

Fourth ICTC at Lahore Expo Centre today

The School of Textile of Design at University of Management and Technology (UMT), Lahore, is hosting the 4th International Conference on Textile and Clothing (ICTC) which will be held at the Lahore Expo Center, from 28-30 March 2013. According to the pres
Published 28 Mar, 2013 12:00am
Credit Suisse buys Morgan Stanley''''s European wealth arm

Credit Suisse buys Morgan Stanley''''s European wealth arm

Credit Suisse is buying Morgan Stanley''''s wealth management arm in Europe, the Middle East and Africa, acquiring $13 billion in assets in a move to offset exposure to more volatile investment banking. The assets are tiny by the standards of Credit Suiss
Published 28 Mar, 2013 12:00am
Credit Suisse buys Morgan Stanley''s European wealth arm

Credit Suisse buys Morgan Stanley''s European wealth arm

Credit Suisse is buying Morgan Stanley''s wealth management arm in Europe, the Middle East and Africa, acquiring $13 billion in assets in a move to offset exposure to more volatile investment banking. The assets are tiny by the standards of Credit Suisse'
Published 28 Mar, 2013 12:00am
Credit Suisse buys Morgan Stanley's European wealth arm

Credit Suisse buys Morgan Stanley's European wealth arm

Credit Suisse is buying Morgan Stanley's wealth management arm in Europe, the Middle East and Africa, acquiring $13 billion in assets in a move to offset exposure to more volatile investment banking. The assets are tiny by the standards of Credit Suisse's
Published 28 Mar, 2013 12:00am
Credit Suisse buys Morgan Stanley's European wealth arm

Credit Suisse buys Morgan Stanley's European wealth arm

Credit Suisse is buying Morgan Stanley's wealth management arm in Europe, the Middle East and Africa, acquiring $13 billion in assets in a move to offset exposure to more volatile investment banking. The assets are tiny by the standards of Credit Suisse's
Published 28 Mar, 2013 12:00am
Cameron phones Zardari

Cameron phones Zardari

British Prime Minister David Cameron has telephoned President Asif Ali Zardari. The Presidency spokes-man, Farhatullah Babar, informed that both leaders exchanged views over prevailing world scenario and new global developments. President Zardari and Davi
Published 28 Mar, 2013 12:00am
Cameron phones Zardari

Cameron phones Zardari

British Prime Minister David Cameron has telephoned President Asif Ali Zardari. The Presidency spokes-man, Farhatullah Babar, informed that both leaders exchanged views over prevailing world scenario and new global developments. President Zardari and Davi
Published 28 Mar, 2013 12:00am
Proposal by SECP: ''insider trading'' to be considered criminal offence

Proposal by SECP: ''insider trading'' to be considered criminal offence

The Securities and Exchange Commission of Pakistan (SECP) has proposed inclusion of ''insider trading'' at stock exchanges as a criminal offence in the draft Securities Act which would replace the Securities and Exchange Ordinance, 1969. According to the
Published 28 Mar, 2013 12:00am
Proposal by SECP: 'insider trading' to be considered criminal offence

Proposal by SECP: 'insider trading' to be considered criminal offence

The Securities and Exchange Commission of Pakistan (SECP) has proposed inclusion of 'insider trading' at stock exchanges as a criminal offence in the draft Securities Act which would replace the Securities and Exchange Ordinance, 1969. According to the SE
Published 28 Mar, 2013 12:00am
Proposal by SECP: 'insider trading' to be considered criminal offence

Proposal by SECP: 'insider trading' to be considered criminal offence

The Securities and Exchange Commission of Pakistan (SECP) has proposed inclusion of 'insider trading' at stock exchanges as a criminal offence in the draft Securities Act which would replace the Securities and Exchange Ordinance, 1969. According to the SE
Published 28 Mar, 2013 12:00am
Yemeni executed for murdering Pakistani in Saudi Arabia

Yemeni executed for murdering Pakistani in Saudi Arabia

Saudi authorities on Wednesday beheaded a Yemeni man and then crucified his body after he was convicted of murdering a Pakistani national, the kingdom's interior ministry announced. "The Yemeni citizen Mohammed Rashad Khairi Hussein killed a Pakistani, Pa
Published 28 Mar, 2013 12:00am
Yemeni executed for murdering Pakistani in Saudi Arabia

Yemeni executed for murdering Pakistani in Saudi Arabia

Saudi authorities on Wednesday beheaded a Yemeni man and then crucified his body after he was convicted of murdering a Pakistani national, the kingdom's interior ministry announced. "The Yemeni citizen Mohammed Rashad Khairi Hussein killed a Pakistani, Pa
Published 28 Mar, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (March 27, 2013).

Published 28 Mar, 2013 12:00am
Internet slowdown hits consumers across Pakistan

Internet slowdown hits consumers across Pakistan

Internet slowdown on Wednesday hit consumers across Pakistan, as submarine cable SMW4 developed a fault in Alexandria, Egypt, telecom sector sources said. "The undersea fibre-optic cable has developed faults," they said, adding that the breakdown has slow
Published 28 Mar, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (March 27, 2013).

Published 28 Mar, 2013 12:00am
Internet slowdown hits consumers across Pakistan

Internet slowdown hits consumers across Pakistan

Internet slowdown on Wednesday hit consumers across Pakistan, as submarine cable SMW4 developed a fault in Alexandria, Egypt, telecom sector sources said. "The undersea fibre-optic cable has developed faults," they said, adding that the breakdown has slow
Published 28 Mar, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (March 27, 2013).

Published 28 Mar, 2013 12:00am
Internet slowdown hits consumers across Pakistan

Internet slowdown hits consumers across Pakistan

Internet slowdown on Wednesday hit consumers across Pakistan, as submarine cable SMW4 developed a fault in Alexandria, Egypt, telecom sector sources said. "The undersea fibre-optic cable has developed faults," they said, adding that the breakdown has slow
Published 28 Mar, 2013 12:00am
Britain loses battle over EU bank bonus caps

Britain loses battle over EU bank bonus caps

Britain suffered a long-expected political defeat on Wednesday when it failed to stop European Union countries waving through a cap on bankers' bonuses, an EU law that will hit London hardest. Corporate largesse is under attack across Europe with Switzerl
Published 28 Mar, 2013 12:00am
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