News Archives for Print - 2013-04-08 - Business Recorder

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Print - 2013-04-08

Treason case against Musharraf: CJP recuses himself from three-member bench

Treason case against Musharraf: CJP recuses himself from three-member bench

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry will not head the three-member bench, which is going to take up the petition for trial under Article 6 of the Constitution of General Pervez Musharraf (retd) on Monday (today), a private TV channel repo

Published 08 Apr, 2013 12:00am

Treason case against Musharraf: CJP recuses himself from three-member bench

Treason case against Musharraf: CJP recuses himself from three-member bench

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry will not head the three-member bench, which is going to take up the petition for trial under Article 6 of the Constitution of General Pervez Musharraf (retd) on Monday (today), a private TV channel repo

Published 08 Apr, 2013 12:00am

Mukhtar terms excessive power cuts a conspiracy

Mukhtar terms excessive power cuts a conspiracy

Former Federal Minister for Water and Power, Ahmed Mukhtar, has said that excessive power outages at this time of the season in the country is a conspiracy being hatched by the Minister for Water and Power and Secretary of the Ministry on the behest of th

Published 08 Apr, 2013 12:00am

Mukhtar terms excessive power cuts a conspiracy

Mukhtar terms excessive power cuts a conspiracy

Former Federal Minister for Water and Power, Ahmed Mukhtar, has said that excessive power outages at this time of the season in the country is a conspiracy being hatched by the Minister for Water and Power and Secretary of the Ministry on the behest of th

Published 08 Apr, 2013 12:00am

Mukhtar terms excessive power cuts a conspiracy

Mukhtar terms excessive power cuts a conspiracy

Former Federal Minister for Water and Power, Ahmed Mukhtar, has said that excessive power outages at this time of the season in the country is a conspiracy being hatched by the Minister for Water and Power and Secretary of the Ministry on the behest of th

Published 08 Apr, 2013 12:00am

LTU Karachi units: huge input tax claimed against unregistered persons'' invoices

LTU Karachi units: huge input tax claimed against unregistered persons'' invoices

The Federal Board of Revenue (FBR) has detected registered units falling within the jurisdiction of Large Taxpayer Unit (LTU) Karachi, which claimed input tax adjustment on the invoices of unregistered persons during 2012-13.

Published 08 Apr, 2013 12:00am

LTU Karachi units: huge input tax claimed against unregistered persons' invoices

LTU Karachi units: huge input tax claimed against unregistered persons' invoices

The Federal Board of Revenue (FBR) has detected registered units falling within the jurisdiction of Large Taxpayer Unit (LTU) Karachi, which claimed input tax adjustment on the invoices of unregistered persons during 2012-13.

Published 08 Apr, 2013 12:00am

LTU Karachi units: huge input tax claimed against unregistered persons' invoices

LTU Karachi units: huge input tax claimed against unregistered persons' invoices

The Federal Board of Revenue (FBR) has detected registered units falling within the jurisdiction of Large Taxpayer Unit (LTU) Karachi, which claimed input tax adjustment on the invoices of unregistered persons during 2012-13.

Published 08 Apr, 2013 12:00am

Xi says Asia faces 'new challenges' to stability

Xi says Asia faces 'new challenges' to stability

Chinese President Xi Jinping said Sunday that Asia faced "new challenges" to its stability and warned no one should be allowed to throw the region into chaos as tensions mounted over North Korea.

Published 08 Apr, 2013 12:00am

Xi says Asia faces 'new challenges' to stability

Xi says Asia faces 'new challenges' to stability

Chinese President Xi Jinping said Sunday that Asia faced "new challenges" to its stability and warned no one should be allowed to throw the region into chaos as tensions mounted over North Korea.

Published 08 Apr, 2013 12:00am

Taj Muhammad Langah passes away

Taj Muhammad Langah passes away

Pakistan Seraiki Party (PSP) chief Barrister Taj Muhammad Khan Langah, 72, died of cardiac arrest on Sunday morning. Langah was an icon of south Punjab and the entire Seraiki belt. He has been active for the formation of the separate province for the Sera

Published 08 Apr, 2013 12:00am

Taj Muhammad Langah passes away

Taj Muhammad Langah passes away

Pakistan Seraiki Party (PSP) chief Barrister Taj Muhammad Khan Langah, 72, died of cardiac arrest on Sunday morning. Langah was an icon of south Punjab and the entire Seraiki belt. He has been active for the formation of the separate province for the Sera

Published 08 Apr, 2013 12:00am

Z A Nizami passes away

Z A Nizami passes away

Z A Nizami, the Chancellor of Sir Syed University of Engineering and Technology (SSUET) Karachi passed away on Sunday after protracted illness. He also remained Director General of KDA and President of Aligarh Muslim University Old Boys Association.

Published 08 Apr, 2013 12:00am

Z A Nizami passes away

Z A Nizami passes away

Z A Nizami, the Chancellor of Sir Syed University of Engineering and Technology (SSUET) Karachi passed away on Sunday after protracted illness. He also remained Director General of KDA and President of Aligarh Muslim University Old Boys Association.

Published 08 Apr, 2013 12:00am

Man killed, three-day old corpse recovered

Man killed, three-day old corpse recovered

A man was shot dead by unidentified armed men while a 3-day old body was recovered here on Sunday. According to details, a man was shot dead by unidentified gunmen in Orangi No 5. The identity of the victim could not be ascertained till the filing of this

Published 08 Apr, 2013 12:00am

SIU arrests three 'extortionists'

SIU arrests three 'extortionists'

Special Investigation Unit (SIU) of police has claimed to arrest three alleged extortionists here on Sunday. According to the details, an SIU team on a tip-off conducted raid in Shershah area and arrested three alleged extortionists; Salman Abid, Umair Iq

Published 08 Apr, 2013 12:00am

Elections contestants: 10,600 candidates do not have NTN

Elections contestants: 10,600 candidates do not have NTN

As many as 10,600 candidates out of the total 24,266, who have filed nomination papers for contesting the May 11 general elections, have not National Tax Number (NTN), Federal Board of Revenue (FBR) has communicated to Election Commission of Pakistan (ECP

Published 08 Apr, 2013 12:00am

CIA-Pakistan drone deal started in 2004: New York Times

CIA-Pakistan drone deal started in 2004: New York Times

The CIA's controversial drone killings in Pakistan began with a secret deal in 2004 that gave the US access to its airspace, The New York Times reported late Saturday. The newspaper recounted how Islamabad agreed to let the CIA use a Predator drone

Published 08 Apr, 2013 12:00am

Euro has ''long-standing future'': IMF chief

Euro has ''long-standing future'': IMF chief

International Monetary Fund (IMF) chief Christine Lagarde on Sunday told an audience in China that the euro has a solid future and that she hopes no more countries in Europe will need bailouts. "I think the collective political will.... to maintain, defen

Published 08 Apr, 2013 12:00am

Euro has 'long-standing future': IMF chief

Euro has 'long-standing future': IMF chief

International Monetary Fund (IMF) chief Christine Lagarde on Sunday told an audience in China that the euro has a solid future and that she hopes no more countries in Europe will need bailouts. "I think the collective political will.... to maintain, defen

Published 08 Apr, 2013 12:00am

Euro has 'long-standing future': IMF chief

Euro has 'long-standing future': IMF chief

International Monetary Fund (IMF) chief Christine Lagarde on Sunday told an audience in China that the euro has a solid future and that she hopes no more countries in Europe will need bailouts. "I think the collective political will.... to maintain, defen

Published 08 Apr, 2013 12:00am

PML-Q election manifesto outlines seven-point agenda

PML-Q election manifesto outlines seven-point agenda

Pakistan Muslim League (PML-Q) on Sunday set out a seven-point agenda in its Election 2013 manifesto, outlining national priorities, including pledging to combat extremism and eliminate terrorism, providing education for all, better management of energy,

Published 08 Apr, 2013 12:00am

PML-Q election manifesto outlines seven-point agenda

PML-Q election manifesto outlines seven-point agenda

Pakistan Muslim League (PML-Q) on Sunday set out a seven-point agenda in its Election 2013 manifesto, outlining national priorities, including pledging to combat extremism and eliminate terrorism, providing education for all, better management of energy,

Published 08 Apr, 2013 12:00am

Futures spreads down 168 basis points

Futures spreads down 168 basis points

Futures spreads decreased by 168 basis points during the outgoing week ended on April 5, 2013, to 7.71 percent. Trading activity on the futures counter witnessed negative trend as average daily volumes remained low by 26.0 percent to 19.34 million shares.

Published 08 Apr, 2013 12:00am

Futures spreads down 168 basis points

Futures spreads down 168 basis points

Futures spreads decreased by 168 basis points during the outgoing week ended on April 5, 2013, to 7.71 percent. Trading activity on the futures counter witnessed negative trend as average daily volumes remained low by 26.0 percent to 19.34 million shares.

Published 08 Apr, 2013 12:00am

Futures spreads down 168 basis points

Futures spreads down 168 basis points

Futures spreads decreased by 168 basis points during the outgoing week ended on April 5, 2013, to 7.71 percent. Trading activity on the futures counter witnessed negative trend as average daily volumes remained low by 26.0 percent to 19.34 million shares.

Published 08 Apr, 2013 12:00am

Futures spreads down 168 basis points

Futures spreads down 168 basis points

Futures spreads decreased by 168 basis points during the outgoing week ended on April 5, 2013, to 7.71 percent. Trading activity on the futures counter witnessed negative trend as average daily volumes remained low by 26.0 percent to 19.34 million shares.

Published 08 Apr, 2013 12:00am

Index breaches record levels

Index breaches record levels

A flurry of news and election visibility pushed Karachi Stock Exchange towards all-time-high sessions which continued throughout the week ended on April 5. The benchmark-100 index gained 593 points or 3.3 percent to close at ever-highest level of 18,636.0

Published 08 Apr, 2013 12:00am

Index breaches record levels

Index breaches record levels

A flurry of news and election visibility pushed Karachi Stock Exchange towards all-time-high sessions which continued throughout the week ended on April 5. The benchmark-100 index gained 593 points or 3.3 percent to close at ever-highest level of 18,636.0

Published 08 Apr, 2013 12:00am

Index breaches record levels

Index breaches record levels

A flurry of news and election visibility pushed Karachi Stock Exchange towards all-time-high sessions which continued throughout the week ended on April 5. The benchmark-100 index gained 593 points or 3.3 percent to close at ever-highest level of 18,636.0

Published 08 Apr, 2013 12:00am

THE RUPEE: rates move cautiously

THE RUPEE: rates move cautiously

The rupee moved cautiously against the dollar on the currency market during the week, ended on April 6. On the inter-bank market, the rupee managed to gain 11 paisa in relation to the dollar for buying and selling at 98.32 and 98.34.

Published 08 Apr, 2013 12:00am

THE RUPEE: rates move cautiously

THE RUPEE: rates move cautiously

The rupee moved cautiously against the dollar on the currency market during the week, ended on April 6. On the inter-bank market, the rupee managed to gain 11 paisa in relation to the dollar for buying and selling at 98.32 and 98.34.

Published 08 Apr, 2013 12:00am

Lahore constituencies: Nawaz, Shahbaz, Imran and Baloch cleared

Lahore constituencies: Nawaz, Shahbaz, Imran and Baloch cleared

Returning Officers (ROs) of 13 National Assembly and 25 Punjab Assembly seats in Lahore accepted nomination papers of major contestants, including Nawaz Sharif, Imran Khan, Shahbaz Sharif and Hamza Sharif, Liaquat Baloch on the final day of scrutiny of no

Published 08 Apr, 2013 12:00am

Lahore constituencies: Nawaz, Shahbaz, Imran and Baloch cleared

Lahore constituencies: Nawaz, Shahbaz, Imran and Baloch cleared

Returning Officers (ROs) of 13 National Assembly and 25 Punjab Assembly seats in Lahore accepted nomination papers of major contestants, including Nawaz Sharif, Imran Khan, Shahbaz Sharif and Hamza Sharif, Liaquat Baloch on the final day of scrutiny of no

Published 08 Apr, 2013 12:00am

Musharraf's papers for Chitral accepted

Musharraf's papers for Chitral accepted

Nomination papers of former President Pervez Mus-harraf to contest the upcoming general elections from NA-32 Chitral, Khyber Pakhtunkhwa were accepted while his candidature for two National Assembly seats, one in Islamabad and the other in Karachi, were r

Published 08 Apr, 2013 12:00am

Musharraf's papers for Chitral accepted

Musharraf's papers for Chitral accepted

Nomination papers of former President Pervez Mus-harraf to contest the upcoming general elections from NA-32 Chitral, Khyber Pakhtunkhwa were accepted while his candidature for two National Assembly seats, one in Islamabad and the other in Karachi, were r

Published 08 Apr, 2013 12:00am

Raja's nomination papers rejected

Raja's nomination papers rejected

The nomination papers of former Prime Minister Raja Pervez Ashraf were rejected by the Retur-ning Officer on Sunday for NA-51 Rawalpindi constituency. The Pakistan People's Party (PPP) leader and ex-premier of the country is currently facing a mega corrup

Published 08 Apr, 2013 12:00am

Raja's nomination papers rejected

Raja's nomination papers rejected

The nomination papers of former Prime Minister Raja Pervez Ashraf were rejected by the Retur-ning Officer on Sunday for NA-51 Rawalpindi constituency. The Pakistan People's Party (PPP) leader and ex-premier of the country is currently facing a mega corrup

Published 08 Apr, 2013 12:00am

Degrees of 11 former lawmakers declared fake: scrutiny to continue even after polls: ECP

Degrees of 11 former lawmakers declared fake: scrutiny to continue even after polls: ECP

The Election Commission of Pakistan (ECP) on Sunday declared 11 former parliamentarians' degrees fake. The ECP's Additional Secretary told media persons on Sunday that the process of scrutiny would continue even after the elections and those found to have

Published 08 Apr, 2013 12:00am

Degrees of 11 former lawmakers declared fake: scrutiny to continue even after polls: ECP

Degrees of 11 former lawmakers declared fake: scrutiny to continue even after polls: ECP

The Election Commission of Pakistan (ECP) on Sunday declared 11 former parliamentarians' degrees fake. The ECP's Additional Secretary told media persons on Sunday that the process of scrutiny would continue even after the elections and those found to have

Published 08 Apr, 2013 12:00am

Zardari terms ROs' role improper

Zardari terms ROs' role improper

Terming the attitude of the Election Commission of Pakistan and the Returning Officers impro-per, President Asif Ali Zardari has said that he had constitutional powers, but he has abstained from using them, avoiding sending any wrong impression. President

Published 08 Apr, 2013 12:00am

Zardari terms ROs' role improper

Zardari terms ROs' role improper

Terming the attitude of the Election Commission of Pakistan and the Returning Officers impro-per, President Asif Ali Zardari has said that he had constitutional powers, but he has abstained from using them, avoiding sending any wrong impression. President

Published 08 Apr, 2013 12:00am

Baloch dissidents urged to abandon path of militancy

Baloch dissidents urged to abandon path of militancy

Chief of Balochistan National Party (BNP) Akhtar Mengal on Sunday urged his dissident 'friends' to abandon the path of militancy, descend from their mountain sanctuaries and enter mainstream national politics. He was addressing a large public rally here a

Published 08 Apr, 2013 12:00am

Baloch dissidents urged to abandon path of militancy

Baloch dissidents urged to abandon path of militancy

Chief of Balochistan National Party (BNP) Akhtar Mengal on Sunday urged his dissident 'friends' to abandon the path of militancy, descend from their mountain sanctuaries and enter mainstream national politics. He was addressing a large public rally here a

Published 08 Apr, 2013 12:00am

The Weather

The Weather

The weather report on Sunday (April 07, 2013) and the forecast for Monday (April 08, 2013).

Published 08 Apr, 2013 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (July to December 2012)

Returns on Profit and Loss Sharing Investment Bank Accounts (July to December 2012)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 08 Apr, 2013 12:00am

Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 01 to April 05, 2013).

Published 08 Apr, 2013 12:00am

MetLife Alico American Life Insurance Company (Pakistan) Limited

MetLife Alico American Life Insurance Company (Pakistan) Limited

MetLife Alico has issued Weekly Unit Prices for week ended April 04, 2013.

Published 08 Apr, 2013 12:00am

MONDAY APRIL 01: Access to confidential data: FTO decides to investigate matter

MONDAY APRIL 01: Access to confidential data: FTO decides to investigate matter

Published 08 Apr, 2013 12:00am

MetLife Alico American Life Insurance Company (Pakistan) Limited

MetLife Alico American Life Insurance Company (Pakistan) Limited

MetLife Alico has issued Weekly Unit Prices for week ended April 04, 2013.

Published 08 Apr, 2013 12:00am

MONDAY APRIL 01: Massive decline in revenue collection: FBR seeks to shift blame onto other factors

MONDAY APRIL 01: Massive decline in revenue collection: FBR seeks to shift blame onto other factors

Published 08 Apr, 2013 12:00am

MetLife Alico American Life Insurance Company (Pakistan) Limited

MetLife Alico American Life Insurance Company (Pakistan) Limited

MetLife Alico has issued Weekly Unit Prices for week ended April 04, 2013.

Published 08 Apr, 2013 12:00am

TUESDAY APRIL 02: Ministry fails to resolve payment issues of IPPs

TUESDAY APRIL 02: Ministry fails to resolve payment issues of IPPs

Published 08 Apr, 2013 12:00am

Aaj TV - Monday's schedule

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 08 Apr, 2013 12:00am

TUESDAY APRIL 02: Furnace oil import: MoF unable to release Rs 57 billion

TUESDAY APRIL 02: Furnace oil import: MoF unable to release Rs 57 billion

Published 08 Apr, 2013 12:00am

Cotton prices remain steady

Cotton prices remain steady

Cotton: At the cotton market prices remained steady again this week; spot rate stayed put at Rs 6,900 for a third week running. Sources maintain that trading has generally remained cautious in the last few days as an uncertain climate seemed to han

Published 08 Apr, 2013 12:00am

WEDNESDAY APRIL 03: Engro, Fauji Fertilizer: CCP imposes highest-ever penalty

WEDNESDAY APRIL 03: Engro, Fauji Fertilizer: CCP imposes highest-ever penalty

Published 08 Apr, 2013 12:00am

JUI-S lauds ECP's action over bogus degrees

JUI-S lauds ECP's action over bogus degrees

Jammiat Ulema e Islam (JUI-S) has lauded the action taken by Election Commission of Pakistan (ECP) to expose bogus degree holders and said it was in line with the constitutional requirement.

Published 08 Apr, 2013 12:00am

WEDNESDAY APRIL 03: Over 4,000 have no NTN: FBR tells ECP

WEDNESDAY APRIL 03: Over 4,000 have no NTN: FBR tells ECP

Published 08 Apr, 2013 12:00am

Election campaign getting momentum in capital

Election campaign getting momentum in capital

The election campaign is getting momentum with every passing day as banners and posters of political parties could be seen everywhere in the federal capital, besides on traffic signboards on the roads.

Published 08 Apr, 2013 12:00am

THURSDAY APRIL 04: Non-NTN holder candidates' number jumps to 8,000

THURSDAY APRIL 04: Non-NTN holder candidates' number jumps to 8,000

Published 08 Apr, 2013 12:00am

Agriculture sector: Pakistan seeks enhancement of trade with Malaysia

Agriculture sector: Pakistan seeks enhancement of trade with Malaysia

A delegation of Islamabad Chamber of Commerce and Industry (ICCI) led by its President, Zafar Bakhtawari visited National Chamber of Commerce and Industry of Malaysia (NCCIM) and had a meeting with Ali Al Atas, President of NCCIM.

Published 08 Apr, 2013 12:00am

THURSDAY APRIL 04: Legalised vehicles: FIA begins to seize customs' records

THURSDAY APRIL 04: Legalised vehicles: FIA begins to seize customs' records

Published 08 Apr, 2013 12:00am

Bid to smuggle 582kg hashish foiled

Bid to smuggle 582kg hashish foiled

National Highways & Motorway Police (NH&MP) on Sunday foiled a bid to smuggle huge quantity of drugs on Islamabad-Peshawar Motorway (M-1) and arrested two members of inter-provincial gang. Talking to newsmen, SSP Tahir Khan has said that acting on a tip o

Published 08 Apr, 2013 12:00am

FRIDAY APRIL 05: SBP completes scrutiny of 16,000 candidates

FRIDAY APRIL 05: SBP completes scrutiny of 16,000 candidates

Published 08 Apr, 2013 12:00am

How a matchbook can trap a wanted man

How a matchbook can trap a wanted man

From the unruly areas of Pakistan to Philippine jungles and the deserts of Iraq, simple matchbooks and posters are proving an effective US tool in the hunt for the world's most wanted men.

Published 08 Apr, 2013 12:00am

FRIDAY APRIL 05: Timely elections, effective new government key to creditworthiness: S&P report

FRIDAY APRIL 05: Timely elections, effective new government key to creditworthiness: S&P report

Published 08 Apr, 2013 12:00am

Clarification: Fatima Fertiliser Company Ltd

Clarification: Fatima Fertiliser Company Ltd

Published on April 3, 2013, the 'Production versus Sales' the graph showed that production and sales figures dropped in CY12 compared to CY11, because the columns representing the years were erroneously misnamed.

Published 08 Apr, 2013 12:00am

SATURDAY APRIL 06: Wajahat seeks to reduce UfG incidence to three percent

SATURDAY APRIL 06: Wajahat seeks to reduce UfG incidence to three percent

Published 08 Apr, 2013 12:00am

Clarification: Fatima Fertiliser Company Ltd

Clarification: Fatima Fertiliser Company Ltd

Published on April 3, 2013, the 'Production versus Sales' the graph showed that production and sales figures dropped in CY12 compared to CY11, because the columns representing the years were erroneously misnamed.

Published 08 Apr, 2013 12:00am

SATURDAY APRIL 06: Loan defaulters: SBP clarification

SATURDAY APRIL 06: Loan defaulters: SBP clarification

Published 08 Apr, 2013 12:00am

Imtiaz Super Stores will be listed within a couple of years: Owner

Imtiaz Super Stores will be listed within a couple of years: Owner

Back in the early 1960s, Hakim Khan Abbasi opened up a general store in Karachi's Bahadurabad neighbourhood. He named the shop after his son, Imtiaz and always focused on establishing strong relationships with customers. Since that time, the neighbourhood

Published 08 Apr, 2013 12:00am

SUNDAY APRIL 07: Italy cabinet approves 40 billion euros of state payments to firms

SUNDAY APRIL 07: Italy cabinet approves 40 billion euros of state payments to firms

Published 08 Apr, 2013 12:00am

Imtiaz Super Stores will be listed within a couple of years: Owner

Imtiaz Super Stores will be listed within a couple of years: Owner

Back in the early 1960s, Hakim Khan Abbasi opened up a general store in Karachi's Bahadurabad neighbourhood. He named the shop after his son, Imtiaz and always focused on establishing strong relationships with customers. Since that time, the neighbourhood

Published 08 Apr, 2013 12:00am

SUNDAY APRIL 07: Power sector: Ministry seeks Rs 41.072 billion sales tax refunds

SUNDAY APRIL 07: Power sector: Ministry seeks Rs 41.072 billion sales tax refunds

Published 08 Apr, 2013 12:00am

Obama's gun dilemma: 'Too little, too late'

Obama's gun dilemma: 'Too little, too late'

A young child in Alabama finds a gun and kills himself with a shot to the chest. A father accidentally kills his 10-year-old son as he cleans his gun in North Carolina - the child was watching TV and the bullet hit him in the back of the head. A 22-year-o

Published 08 Apr, 2013 12:00am

Profound situation

Profound situation

The present forex reserves position or situation brings to one's mind the "controversial" remarks of Asian Development Bank's director Werner Liepach that he made in the first weak of last month. According to him, Pakistan needs nine billion dollars from

Published 08 Apr, 2013 12:00am

In mid-term doldrums, Canada's Conservatives hope to reboot

In mid-term doldrums, Canada's Conservatives hope to reboot

Voter fatigue with Canada's ruling Conservatives and signs of stress within the government are putting Prime Minister Stephen Harper under pressure to freshen up his team and policies as the telegenic son of Pierre Trudeau starts snapping at his heels.

Published 08 Apr, 2013 12:00am

What are the caretakers up to?

What are the caretakers up to?

The caretaker Prime Minister Mir Hazar Khan Khoso received briefings from different ministries/departments and took more than a week to identify fifteen individuals as his cabinet members. One of the fifteen, Dr Mushtaq Ali Khan, refused to resign from hi

Published 08 Apr, 2013 12:00am

Kayani's call stirs hope

Kayani's call stirs hope

The threat to sabotage the upcoming general election pervades all over the place in Pakistan but where it is real and instant is Balochistan. Curtsey the decade-old multidimensional, ethno-sectarian strife in the province the fuse for violence is short, a

Published 08 Apr, 2013 12:00am

Decline in global aid

Decline in global aid

According to a statement released by the Paris-based Organisation for Economic Co-operation and Development (OECD) on 3rd March, 2013, rich countries applying budget austerity cut their aid to developing countries by four percent last year, with the poore

Published 08 Apr, 2013 12:00am

Sudan army men jailed up to five years over 'coup': lawyer

Sudan army men jailed up to five years over 'coup': lawyer

A group of Sudanese military officers were sentenced to between two and five years in prison on Sunday for their role in an alleged coup last year, a lawyer said. According to analysts, the case highlights turmoil within the regime of President Omar al-Ba

Published 08 Apr, 2013 12:00am

Italy's centre-left divided over nemesis Berlusconi

Italy's centre-left divided over nemesis Berlusconi

Two months after placing first in a vote but falling short of winning power, Italy's main centre-left party is still divided over whether to swallow its animosity and consider a government with its scandal-plagued nemesis, Silvio Berlusconi.

Published 08 Apr, 2013 12:00am

Kerry urges Turkey, Israel to take steps to normalising ties

Kerry urges Turkey, Israel to take steps to normalising ties

US Secretary of State John Kerry urged Turkey and Israel on Sunday to restore full relations, calling this vital to regional stability, but said it was not up to Washington to dictate the conditions of rapprochement.

Published 08 Apr, 2013 12:00am

Iraq executes seven on terrorism related charges

Iraq executes seven on terrorism related charges

Iraq on Sunday executed seven people convicted of terrorism-related crimes, the Justice Ministry said. "Courts found them guilty of committing murders and bombings against innocent citizens," the ministry said.

Published 08 Apr, 2013 12:00am

Tunisia police tear-gas pro-government demonstration

Tunisia police tear-gas pro-government demonstration

Tunisian police on Sunday used tear gas to disperse supporters of the Islamist-led ruling coalition who protested against a meeting by a secular opposition party, an AFP journalist said.

Published 08 Apr, 2013 12:00am

Indonesia detains 80 Myanmar Rohingya on remote island

Indonesia detains 80 Myanmar Rohingya on remote island

Indonesian police on Sunday detained 80 Rohingya Muslims from Myanmar on a remote island off Sumatra after they had got lost attempting to reach Malaysia, an official said. It was the latest boatload of Rohingya to arrive on the shores of Indonesia, as th

Published 08 Apr, 2013 12:00am

Mubarak's last Prime Minister found not guilty on corruption charge

Mubarak's last Prime Minister found not guilty on corruption charge

An Egyptian court acquitted Ahmed Shafik, the last prime minister of deposed president Hosni Mubarak, on a charge of embezzling public funds when he was civil aviation minister, a court official said on Sunday.

Published 08 Apr, 2013 12:00am

Britain's Labour says welfare should be linked to contributions

Britain's Labour says welfare should be linked to contributions

Britain's opposition Labour Party is set to overhaul its welfare policies to link state help to individual contributions, countering charges by the governing Conservatives that it is soft on benefit scroungers.

Published 08 Apr, 2013 12:00am

Montenegrin president bids for new five-year term

Montenegrin president bids for new five-year term

Montenegro voted on Sunday in a presidential election expected to return incumbent Filip Vujanovic for a third term with the tiny Adriatic republic trying to shed a reputation for crime and corruption to smooth its way into the European Union.

Published 08 Apr, 2013 12:00am

Egypt's top judicial body urges prosecutor to quit

Egypt's top judicial body urges prosecutor to quit

Egypt's top judicial body urged the prosecutor general appointed by President Mohamed Mursi but reviled by the liberal opposition to resign voluntarily and return to his former job as a judge.

Published 08 Apr, 2013 12:00am

Sri Lanka to probe mass grave with over 150 dead

Sri Lanka to probe mass grave with over 150 dead

Sri Lanka is setting up a presidential commission to investigate a mass grave with the remains of more than 150 people, an official spokesman said on Sunday. Two reports submitted to a court last week said that the human remains, in the town of Matale 142

Published 08 Apr, 2013 12:00am

15,586 polling stations to be set up in Sindh

15,586 polling stations to be set up in Sindh

As many as 15,586 polling stations will be set up for the upcoming general elections on 61 National Assembly and 130 provincial assembly seats in Sindh. According to the Election Commission Sindh, 4,501 polling booths would be set up in the five districts

Published 08 Apr, 2013 12:00am

Adil Usman made President AMOBA, Chancellor SSUET

Adil Usman made President AMOBA, Chancellor SSUET

An emergent meeting of the Executive Committee of Aligarh Muslim Old Boys Association (AMOBA) was held here on Sunday. The meeting unanimously passed a resolution that Adil Usman, Senior Vice President, will take over the charge as President of AMOBA and

Published 08 Apr, 2013 12:00am

Traders hold protest against Mepco

Traders hold protest against Mepco

Traders of Kale Mandi (inside Bohar gate) on Sunday continued their protest against the Mepco and demanded payment of compensation to the victims. Khawaja Suleman Siddiqui, Vice President of Markazi Anjuman Tajiran Punjab, has said that cloth worth Rs 38

Published 08 Apr, 2013 12:00am

JI a ray of hope for people: Mairajul Huda

JI a ray of hope for people: Mairajul Huda

Chief of Jamaat-e-Islami Sindh Dr Mairaj-ul-Huda Siddiqui has said that people would bury the terrorists, extortionists and targeted killers on May through their votes. This he stated while addressing a JI workers' convention in North Nazimabad area. "The

Published 08 Apr, 2013 12:00am

Depression, anxiety and war in tribal belt

Depression, anxiety and war in tribal belt

After nine friends and relatives were killed in a US drone strike four years ago, Mohammed Fahim took tranquillisers to blot out the nightmares. The 19 year-old is one of a growing number of Pakistanis living in the tribal areas on the Afghan border who h

Published 08 Apr, 2013 12:00am

Irrigation channel inaugurated in Peshawar

Irrigation channel inaugurated in Peshawar

The irrigation channel was formally inaugurated by Ms Elena Tischenko (The Chief South and West Asian Division, RBAP UNDP), and the Country Director of UNDP in Pakistan, Marc Andre Franche.

Published 08 Apr, 2013 12:00am

Japan-assisted school inaugurated in Khyber Agency

Japan-assisted school inaugurated in Khyber Agency

A primary level school for boys and girls has been constructed with financial assistance of government of Japan in village Kadam, Khyber Agency. Honorary Consul General of Japan in Peshawar, Nawabzada Fazal Karim Afridi formally inaugurated the school in

Published 08 Apr, 2013 12:00am

Increase in sales tax rates: traders apprehend rise in tea smuggling

Increase in sales tax rates: traders apprehend rise in tea smuggling

The government's recent move to withdraw SRO-608(I) (2012) will boost the smuggling of black tea through Afghan Transit Trade (ATT) in the country, compelling traders to import high-quality tea in Pakistan via legal channels, sources told Business Reco

Published 08 Apr, 2013 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Sep 20

277.90

USD PKR Interbank Buying / Sep 20

277.70

USD to Japanese Yen / Sep 20

142.19

USD to Swiss Franc / Sep 20

0.85

Pound Sterling to USD / Sep 20

1.33

Euro to USD / Sep 20

1.12

Stock Volume

S&P 500 / Sep 19

5,713.64

Nasdaq / Sep 19

18,013.98

FTSE 100 / Sep 19

8,328.72

Dow Jones / Sep 19

42,025.19

Germany DAX 30 / Sep 19

19,002.38

France CAC40 / Sep 19

7,615.41

India Sensex / Sep 20

83,711.40

Tokyo Nikkei / Sep 20

37,879.54

Item Value

Gold 10 Grams PKR / Sep 19

230,195

Petrol/Litre / Sep 20

249.10

Crude Oil USD/Barrel / Sep 20

71.80

Karachi Cotton PKR/37.32 KG / Sep 20

18,935

Gold Spot USD/Ounce / Sep 20

2,599.47

Diesel/Litre / Sep 20

249.69

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Sep 20

786 Investments Limited(786)

5

▼ 0.00 (0.00%)

AL-Abbas Sugar / Sep 20

Al-Abbas Sugar Mills Limited(AABS)

585

▼ 0.00 (0.00%)

Agro Allianz / Sep 20

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Sep 20

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Sep 20

Ali Asghar Textile Mills Limited(AATM)

2.07

▼ 0.00 (0.00%)

Allied Bank / Sep 20

Allied Bank Limited(ABL)

87.10

▼ 0.00 (0.00%)

Abbott Lab. / Sep 20

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▼ 0.00 (0.00%)

Abson Ind. / Sep 20

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Sep 20

Alfalah Consumer Index ETF.(ACIETF)

9.84

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Sep 20

786 Investments Limited(786)

5

▲ 0.00 (0.00%)

AL-Abbas Sugar / Sep 20

Al-Abbas Sugar Mills Limited(AABS)

585

▲ 0.00 (0.00%)

Agro Allianz / Sep 20

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Sep 20

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Sep 20

Ali Asghar Textile Mills Limited(AATM)

2.07

▲ 0.00 (0.00%)

Allied Bank / Sep 20

Allied Bank Limited(ABL)

87.10

▲ 0.00 (0.00%)

Abbott Lab. / Sep 20

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▲ 0.00 (0.00%)

Abson Ind. / Sep 20

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Sep 20

Alfalah Consumer Index ETF.(ACIETF)

9.84

▲ 0.00 (0.00%)

Stock Volume

P.I.A.C.(A) / Sep 20

Pakistan International Airlines Corp(PIAA)

47,200,500

▲ 0.00

Cnergyico PK / Sep 20

Cnergyico PK Limited(CNERGY)

29,719,327

▲ 0.00

Pak Petroleum / Sep 20

Pakistan Petroleum Limited(PPL)

21,170,581

▲ 0.00

Pak Refinery / Sep 20

Pakistan Refinery Limited(PRL)

16,965,134

▲ 0.00

The Searle Co. / Sep 20

The Searle Company Limited(SEARL)

15,793,227

▲ 0.00

P.T.C.L. / Sep 20

Pakistan Telecommunication Company Ltd(PTC)

15,054,641

▲ 0.00

K-Electric Ltd. / Sep 20

K-Electric Limited(KEL)

14,145,556

▲ 0.00

WorldCall Telecom / Sep 20

Worldcall Telecom Limited(WTL)

13,158,668

▲ 0.00

Telecard Limited / Sep 20

Telecard Limited(TELE)

12,358,668

▲ 0.00

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Basmati price: Pakistan’s rice export boom ends after India’s move

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Rupee gains further ground against US dollar

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10pc tax credit allowed by SC to persons who imported, installed machinery till June 2019

Rupee closes below 278 against US dollar after over 5 months

KE supports entry of other Discos into Karachi

Fauji Foods Limited

Petroleum levy: a fifty billion rupees hole

NJLI Sarmaya Growth Fund Rates

Basmati price: Pakistan’s rice export boom ends after India’s move

Two Pakistani female peacekeepers honoured

FY2025 to FY29: External debt maturity estimated to be over $100bn

Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US

Pakistan’s power generation falls sharply amid rising costs, solarisation

State of economy signals tougher times ahead

‘The Review’ of SBP: Timely realization of IMF lending to help revive inflows

KSE-100 retreats after briefly hitting record high of 82,000

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