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Print - 2013-04-25
MQM being pushed against the wall: Sattar

MQM being pushed against the wall: Sattar

Some political parties, Muttahida Qaumi Movement (MQM) among them, were being pushed against the wall, Deputy Convenor of the party Dr Farooq Sattar. Addressing media persons, Dr Farooq Sattar said that it was impossible to hold large rallies because of a
Published 25 Apr, 2013 12:00am
PPP former MNA allowed to contest elections

PPP former MNA allowed to contest elections

A full bench of the Lahore High Court on Wednesday accepting a petition allowed PPPP ex-MNA Ghulam Murtaza Satti to contest elections from NA-50, Rawalpindi. An election tribunal had declared him disqualified to contest the election in the appeal of a loc
Published 25 Apr, 2013 12:00am
Pakistan, Thailand enjoy close, cordial relations: Prime Minister

Pakistan, Thailand enjoy close, cordial relations: Prime Minister

A Thai parliamentary delegation led by Nikom Wariatpancih, President of Senate called on Prime Minister former Justice Mir Hazar Khan Khoso at the PM's House. While talking to the delegation the Prime Minister said that Pakistan and Thailand enjoy close a
Published 25 Apr, 2013 12:00am
National Savings to conduct candidates test through NTS on Sunday

National Savings to conduct candidates test through NTS on Sunday

Central Directorate of National Savings, Islamabad is getting the written test conducted through NTS on Sunday (April 28). Those candidates who applied with reference to the advertisement published on 30-12-2012 in the press for the posts of Steno typist,
Published 25 Apr, 2013 12:00am
Court allows petitioners to contest elections

Court allows petitioners to contest elections

A full bench of the Lahore High Court on Wednesday allowed eight candidates to contest May 11 general election, who were earlier disqualified for being agricultural income tax defaulter. The bench allowed petitions of Sajid Yousuf from PP-112, Niaz Ahmad
Published 25 Apr, 2013 12:00am
Sethi asks to set up traffic system on modern lines

Sethi asks to set up traffic system on modern lines

Punjab Chief Minister Najam Sethi has said there is a dire need to set up the whole traffic system on modern lines in order to rid the people of incessant traffic problems besides improving the flow of traffic. He directed that necessary steps should be t
Published 25 Apr, 2013 12:00am
Five killed in various areas of Karachi

Five killed in various areas of Karachi

At least five more persons were killed in different areas of the city here on Wednesday. According to details, two injured of the Tuesday's bomb blast at an MQM election office near People's Chowrangi succumbed to their injuries during treatment at a loca
Published 25 Apr, 2013 12:00am
Customs told to promptly issue certificates of delay and detention

Customs told to promptly issue certificates of delay and detention

The Federal Board of Revenue (FBR) has made it mandatory for customs officials to issue 'Certificate of Delay and Detention' to importers on the same day on which it is applied in genuine cases. In this regard, the FBR issued a Customs General Order (CGO)
Published 25 Apr, 2013 12:00am
TCP urea tender: 15 international suppliers evince interest

TCP urea tender: 15 international suppliers evince interest

In response to the Trading Corporation of Pakistan (TCP) urea import tender some 15 international suppliers have shown interest in the supply of the commodity. Sources told Business Recorder on Wednesday that so far no decision has been taken on th
Published 25 Apr, 2013 12:00am
The Weather

The Weather

The weather report on Wednesday (April 24, 2013) and the forecast for Thursday (April 25, 2013).

Published 25 Apr, 2013 12:00am
Altaf asks people to take up MQM's poll campaign

Altaf asks people to take up MQM's poll campaign

The founder and leader of Muttahida Quami Movement (MQM) Altaf Hussain has appealed to the people to take the MQM's election campaign in their hands and spread its message door-to-door. He said this while speaking at a condolence meeting held in London on
Published 25 Apr, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 25 Apr, 2013 12:00am
Lawyers won't let Musharraf flee from country: SCBA

Lawyers won't let Musharraf flee from country: SCBA

Supreme Court Bar Association (SCBA) has vowed to block any attempt to allow Musharraf to flee from the country with the help of stakeholders. SCBA General Secretary Javed Iqbal Raja while talking to media persons here on Wednesday hinted that arrangement
Published 25 Apr, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 25 Apr, 2013 12:00am
Sharif family loan case: LHC issues notice to government for April 30

Sharif family loan case: LHC issues notice to government for April 30

Justice Sheikh Najamul Hassan of Lahore High Court, acting as referee judge, issued notice to the federal government for April 30 in Sharif family loan case. Justice Sheikh Najamul Hassan had already issued notices to the parties on the point whether NAB
Published 25 Apr, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 24, 2013).

Published 25 Apr, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 24, 2013).

Published 25 Apr, 2013 12:00am
Attock Petroleum Limited

Attock Petroleum Limited

Belonging to the only fully integrated Attock oil group, Attock Petroleum Limited (APL) was incorporated in 1998; it is the fourth oil marketing company to be granted the marketing license. The oil marketing company (OMC) is engaged in the downstream petr
Published 25 Apr, 2013 12:00am
Attock Petroleum Limited

Attock Petroleum Limited

Belonging to the only fully integrated Attock oil group, Attock Petroleum Limited (APL) was incorporated in 1998; it is the fourth oil marketing company to be granted the marketing license. The oil marketing company (OMC) is engaged in the downstream petr
Published 25 Apr, 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 (April 24, 2013).

Published 25 Apr, 2013 12:00am
Jersey battles to retain financial centre status amid vote

Jersey battles to retain financial centre status amid vote

The small island of Jersey draws thousands of tourists to its wide, sandy beaches, sun-drenched landscapes and curious mixture of "very British" and French savoir vivre just 20 kilometres off the French coast. The island with luxury cars prowling its stre
Published 25 Apr, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 24, 2013).

Published 25 Apr, 2013 12:00am
BoP and private sector credit

BoP and private sector credit

Apropos the latest monetary policy statement, SBP's foreign exchange reserves have significantly declined. Monetarists know that the balance of payments position continues to be driven by low financial inflows and high debt payments.
Published 25 Apr, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 24, 2013).

Published 25 Apr, 2013 12:00am
Registration of ships and issues of tax liability

Registration of ships and issues of tax liability

Registration of ships is an important area in merchant shipping. The subject is also governed by the UN Convention on conditions for registration on ships 1986. The convention lays down responsibilities and recognises the authority of National Maritime Ad
Published 25 Apr, 2013 12:00am
Colliding visions

Colliding visions

Speaking at a Pakistan Military Academy passing-out parade last Saturday, CoAS General Ashfaq Pervaiz Kayani made assertions that, to put it politely, were inappropriate and inconsistent with facts. Said he, "let me remind you that Pakistan was created in
Published 25 Apr, 2013 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee moved cautiously against the dollar on the interbank market on Wednesday, dealers said. The rupee did not move any side versus the dollar for buying at Rs 98.39, while it shed one paisa for selling at Rs 98.42, dealers said.
Published 25 Apr, 2013 12:00am
Banking secrecy

Banking secrecy

Banking secrecy has all along been a hot topic in the history of financial industry and it is somewhat unusual that the Group of 20, commonly know as G20, has taken a particular note of this at the Washington meetings. Urging the global adoption of standa
Published 25 Apr, 2013 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee moved cautiously against the dollar on the interbank market on Wednesday, dealers said. The rupee did not move any side versus the dollar for buying at Rs 98.39, while it shed one paisa for selling at Rs 98.42, dealers said.
Published 25 Apr, 2013 12:00am
Let Pandora's box open, but...

Let Pandora's box open, but...

The people who think Chaudhry Shujaat Hussain's fear that a hasty trial of Pervez Musharraf in the treason case could burst open the Pandora's box stems from his personal concerns may be right. After all he and many others who are making such noises now w
Published 25 Apr, 2013 12:00am
Britain fines Swiss bank over laundering controls

Britain fines Swiss bank over laundering controls

Britain on Wednesday said it had fined the British private banking arm of Switzerland-based EFGI Group a reduced penalty of £4.2 million ($6.4 million, 4.9 million euros) for failures in its anti-money laundering controls. "The Financial Conduct Authority
Published 25 Apr, 2013 12:00am
Britain fines Swiss bank over laundering controls

Britain fines Swiss bank over laundering controls

Britain on Wednesday said it had fined the British private banking arm of Switzerland-based EFGI Group a reduced penalty of £4.2 million ($6.4 million, 4.9 million euros) for failures in its anti-money laundering controls. "The Financial Conduct Authority
Published 25 Apr, 2013 12:00am
Britain fines Swiss bank over laundering controls

Britain fines Swiss bank over laundering controls

Britain on Wednesday said it had fined the British private banking arm of Switzerland-based EFGI Group a reduced penalty of £4.2 million ($6.4 million, 4.9 million euros) for failures in its anti-money laundering controls. "The Financial Conduct Authority
Published 25 Apr, 2013 12:00am
Bangladesh garment factory building collapse kills 127

Bangladesh garment factory building collapse kills 127

Rescue workers in Bangladesh hunted for survivors overnight Thursday amid the rubble of a collapsed garment factory building where 127 people died and more than 1,000 were injured. Working under floodlights with industrial cutters and cranes, teams of fir
Published 25 Apr, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (April 24, 2013).

Published 25 Apr, 2013 12:00am
Bangladesh garment factory building collapse kills 127

Bangladesh garment factory building collapse kills 127

Rescue workers in Bangladesh hunted for survivors overnight Thursday amid the rubble of a collapsed garment factory building where 127 people died and more than 1,000 were injured. Working under floodlights with industrial cutters and cranes, teams of fir
Published 25 Apr, 2013 12:00am
Ban imposed on release of inland subsidy on sugar export

Ban imposed on release of inland subsidy on sugar export

Caretaker Minister for Commerce and Textile Industry, Maqbool H H Rehmatoola has reportedly imposed a ban on release of inland subsidy on export of sugar as well as the subsidy under the Strategic Trade Policy Framework (STPF) 2009-12 and 2012-15, well in
Published 25 Apr, 2013 12:00am
Ban imposed on release of inland subsidy on sugar export

Ban imposed on release of inland subsidy on sugar export

Caretaker Minister for Commerce and Textile Industry, Maqbool H H Rehmatoola has reportedly imposed a ban on release of inland subsidy on export of sugar as well as the subsidy under the Strategic Trade Policy Framework (STPF) 2009-12 and 2012-15, well in
Published 25 Apr, 2013 12:00am
Ban imposed on release of inland subsidy on sugar export

Ban imposed on release of inland subsidy on sugar export

Caretaker Minister for Commerce and Textile Industry, Maqbool H H Rehmatoola has reportedly imposed a ban on release of inland subsidy on export of sugar as well as the subsidy under the Strategic Trade Policy Framework (STPF) 2009-12 and 2012-15, well in
Published 25 Apr, 2013 12:00am
Cyberattack deprives millions

Cyberattack deprives millions

More than 10 million Dutch citizens were unable to use their official online signature to pay bills and taxes because of a cyberattack, officials said Wednesday. The national DigiD system "is no longer accessible since Tuesday evening because of a DDoS at
Published 25 Apr, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Apr, 2013 12:00am
Cyberattack deprives millions

Cyberattack deprives millions

More than 10 million Dutch citizens were unable to use their official online signature to pay bills and taxes because of a cyberattack, officials said Wednesday. The national DigiD system "is no longer accessible since Tuesday evening because of a DDoS at
Published 25 Apr, 2013 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 25 Apr, 2013 12:00am
Cyberattack deprives millions

Cyberattack deprives millions

More than 10 million Dutch citizens were unable to use their official online signature to pay bills and taxes because of a cyberattack, officials said Wednesday. The national DigiD system "is no longer accessible since Tuesday evening because of a DDoS at
Published 25 Apr, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Apr, 2013 12:00am
Afghan quake, floods kill at least 33

Afghan quake, floods kill at least 33

An earthquake in Afghanistan's east and flash floods in the north killed at least 33 people on Wednesday as hundreds of traditional mud-brick homes collapsed, officials said. The 5.7 magnitude quake, which hit before 2 pm (0930 GMT) was felt as far away a
Published 25 Apr, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 25 Apr, 2013 12:00am
Afghan quake, floods kill at least 33

Afghan quake, floods kill at least 33

An earthquake in Afghanistan's east and flash floods in the north killed at least 33 people on Wednesday as hundreds of traditional mud-brick homes collapsed, officials said. The 5.7 magnitude quake, which hit before 2 pm (0930 GMT) was felt as far away a
Published 25 Apr, 2013 12:00am
Barclays posts profit, looks to lift Libor stain

Barclays posts profit, looks to lift Libor stain

British bank Barclays, looking to fix a reputation that was battered last year by the Libor rate-rigging scandal, said Wednesday that it was back in the black, with a first quarter net profit of £839 million ($1.28 billion, 983 million euros), compared wi
Published 25 Apr, 2013 12:00am
Barclays posts profit, looks to lift Libor stain

Barclays posts profit, looks to lift Libor stain

British bank Barclays, looking to fix a reputation that was battered last year by the Libor rate-rigging scandal, said Wednesday that it was back in the black, with a first quarter net profit of £839 million ($1.28 billion, 983 million euros), compared wi
Published 25 Apr, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 Apr, 2013 12:00am
Barclays posts profit, looks to lift Libor stain

Barclays posts profit, looks to lift Libor stain

British bank Barclays, looking to fix a reputation that was battered last year by the Libor rate-rigging scandal, said Wednesday that it was back in the black, with a first quarter net profit of £839 million ($1.28 billion, 983 million euros), compared wi
Published 25 Apr, 2013 12:00am
Barclays posts profit, looks to lift Libor stain

Barclays posts profit, looks to lift Libor stain

British bank Barclays, looking to fix a reputation that was battered last year by the Libor rate-rigging scandal, said Wednesday that it was back in the black, with a first quarter net profit of £839 million ($1.28 billion, 983 million euros), compared wi
Published 25 Apr, 2013 12:00am
US-Afghan-Pakistan talks make progress, more work to do: Kerry

US-Afghan-Pakistan talks make progress, more work to do: Kerry

US Secretary of State John Kerry tried to get Afghanistan and Pakistan on the same page Wednesday, ending their mistrust so they could work together as Nato prepares for its Afghan withdrawal next year. After more than three hours of talks in Brussels, Ke
Published 25 Apr, 2013 12:00am
US-Afghan-Pakistan talks make progress, more work to do: Kerry

US-Afghan-Pakistan talks make progress, more work to do: Kerry

US Secretary of State John Kerry tried to get Afghanistan and Pakistan on the same page Wednesday, ending their mistrust so they could work together as Nato prepares for its Afghan withdrawal next year. After more than three hours of talks in Brussels, Ke
Published 25 Apr, 2013 12:00am
RPP scam: NAB given more time to submit report

RPP scam: NAB given more time to submit report

The Supreme Court on Wednesday accepted the plea of National Accountability Bureau (NAB) for more time to submit a comprehensive report on details of action taken in pursuance of apex court''s verdict in Rental Power Plants (RPP) scam. A three-judge bench
Published 25 Apr, 2013 12:00am
RPP scam: NAB given more time to submit report

RPP scam: NAB given more time to submit report

The Supreme Court on Wednesday accepted the plea of National Accountability Bureau (NAB) for more time to submit a comprehensive report on details of action taken in pursuance of apex court's verdict in Rental Power Plants (RPP) scam. A three-judge bench
Published 25 Apr, 2013 12:00am
RPP scam: NAB given more time to submit report

RPP scam: NAB given more time to submit report

The Supreme Court on Wednesday accepted the plea of National Accountability Bureau (NAB) for more time to submit a comprehensive report on details of action taken in pursuance of apex court's verdict in Rental Power Plants (RPP) scam. A three-judge bench
Published 25 Apr, 2013 12:00am
Shamshad Begum dies

Shamshad Begum dies

Legendary singer Shamshad Begum, one of the first playback singers in the film industry and voice behind hit songs like 'Mere Piya Gaye Rangoon', 'Kabhi Aar Kabhi Paar' and 'Kajra Mohabbat Wala', died at her Mumbai residence. She was 94. "She was not feel
Published 25 Apr, 2013 12:00am
Shamshad Begum dies

Shamshad Begum dies

Legendary singer Shamshad Begum, one of the first playback singers in the film industry and voice behind hit songs like 'Mere Piya Gaye Rangoon', 'Kabhi Aar Kabhi Paar' and 'Kajra Mohabbat Wala', died at her Mumbai residence. She was 94. "She was not feel
Published 25 Apr, 2013 12:00am
German court dismisses Nokia patent claims against HTC

German court dismisses Nokia patent claims against HTC

Taiwan's top smartphone maker HTC said Wednesday it was "delighted" after a German court dismissed another patent infringement complaint brought against it by Finnish phone giant Nokia. The District Court of Mannheim in south-west Germany dismissed the co
Published 25 Apr, 2013 12:00am
Thunderstorm, rain likely

Thunderstorm, rain likely

The Meteorological Department has forecast fairly widespread thunderstorm/rain along with gusty winds is likely to occur over Khyber Pakhtunkhawa, Gilgit-Baltistan and Kashmir on Thursday. It said scattered thunderstorm/ rain accompanied by gusty winds ma
Published 25 Apr, 2013 12:00am
ISE index up by 8.63 points

ISE index up by 8.63 points

Bulls dominated the proceedings on the Islamabad Stock Exchange (ISE) where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 8.63 points as the ISE Ten Index moved
Published 25 Apr, 2013 12:00am
ISE index up by 8.63 points

ISE index up by 8.63 points

Bulls dominated the proceedings on the Islamabad Stock Exchange (ISE) where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 8.63 points as the ISE Ten Index moved
Published 25 Apr, 2013 12:00am
LSE index rises by 59.43 points

LSE index rises by 59.43 points

Equities registered gains on the Lahore Stock Exchange (LSE) amid ascending transaction volume on Wednesday. The LSE-25 index moved up to 4079.65 points against 4020.22 points of Tuesday, showing an increment of 59.43 points, while transaction volume also
Published 25 Apr, 2013 12:00am
LSE index rises by 59.43 points

LSE index rises by 59.43 points

Equities registered gains on the Lahore Stock Exchange (LSE) amid ascending transaction volume on Wednesday. The LSE-25 index moved up to 4079.65 points against 4020.22 points of Tuesday, showing an increment of 59.43 points, while transaction volume also
Published 25 Apr, 2013 12:00am
Taxation of money kept in Swiss banks proposed

Taxation of money kept in Swiss banks proposed

Pakistani tax authorities intends to collect information of bank accounts maintained by Pakistanis in various banks of Switzerland under Avoidance of Double Taxation Convention between Pakistan and Switzerland to recover billions of dollars and apply tax
Published 25 Apr, 2013 12:00am
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