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Print - 2013-05-08
Prime Minister approves Gwadar-Hoshab road proposal

Prime Minister approves Gwadar-Hoshab road proposal

Prime Minister former Justice Mir Hazar Khan Khoso on Tuesday approved a proposal for completing 795-km Gwadar-Hoshab road in two years time. The Prime Minister said that completion of this strategic road would herald a change in the socio-economic condit
Published 08 May, 2013 12:00am
Punjab achieves 16 percent of cotton sowing targets

Punjab achieves 16 percent of cotton sowing targets

Punjab has achieved 16 percent of cotton sowing targets fixed for the sowing season 2013 to fulfil the domestic requirements of the commodity as well as to export it. The sowing is 16 percent higher than that during the same period of last year, said Cott
Published 08 May, 2013 12:00am
Petition referred to LHC full bench

Petition referred to LHC full bench

A single bench of the Lahore High Court here on Tuesday referred a petition to a full bench of the court seeking cancellation of All Pakistan Muslim League (APML) registration with Election Commission of Pakistan (ECP). The petitioner a bar member Afaq Ah
Published 08 May, 2013 12:00am
Pacra assigns entity ratings to PRL

Pacra assigns entity ratings to PRL

PACRA has assigned a long term entity rating of "A-" (Single A Minus) and short term rating of "A2" (A Two) to Pakistan Refinery Limited (PRL). These ratings denote a low expectation of credit risk emanating from a strong capacity for timely payment of fi
Published 08 May, 2013 12:00am
Indian protesters intercept Dosti Bus

Indian protesters intercept Dosti Bus

Pakistan bound Pak-India Dosti Bus was stopped in Amritsar city of India by angry demonstrators who were protesting against the death of Indian spy Sarabjit Singh. Driver Mohammad Khalil told authorities in writing that he faced a life-threatening situati
Published 08 May, 2013 12:00am
SECP passes orders against Takaful, insurance companies

SECP passes orders against Takaful, insurance companies

The Securities and Exchange Commission of Pakistan has passed three orders against a Takaful company for not complying with the provisions of the Insurance Ordinance, 2000, and the Companies Ordinance, 1984, in which one of the orders relates to the inter
Published 08 May, 2013 12:00am
PIA monthly losses down by Rs 1 billion during last six months

PIA monthly losses down by Rs 1 billion during last six months

The performance of Pakistan International Airlines (PIA) is improving which is evident from reduction in its losses during last six months by one billion rupees per month on average. "This was possible due to strict financial monitoring and adoption of ef
Published 08 May, 2013 12:00am
Police 'detain' 75 suspects

Police 'detain' 75 suspects

Karachi police on Tuesday claimed detaining 75 suspects during the past 24 hours. According to a police statement, among the arrested included 13 absconders and proclaimed offenders. Police also seized 17 weapons of different calibres from the possession
Published 08 May, 2013 12:00am
Pakistanis visiting India: travel advisory issued

Pakistanis visiting India: travel advisory issued

The Foreign Office has issued a travel advisory to Pakistani citizens travelling to various parts of India stating that they should exercise due caution and care as reports in Indian media indicate a threat to their safety and security. The Foreign Office
Published 08 May, 2013 12:00am
The Weather

The Weather

The weather report on Tuesday (May 07, 2013) and the forecast for Wednesday (May 08, 2013).

Published 08 May, 2013 12:00am
Happilac Paints honours Faisalabad Wolves' team

Happilac Paints honours Faisalabad Wolves' team

Happilac Paints organised a magnificent event at Sarena Hotel, Faisalabad to honour the victory of Faisalabad Wolves in T-20 National Championship. The event was attended by Faisalabad Wolves team players. DCO Faisalabad, Najam Ahmed Shah was chief guest
Published 08 May, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 07, 2013).

Published 08 May, 2013 12:00am
Termination of law officers: LHC seeks reply from Secretary Law Punjab

Termination of law officers: LHC seeks reply from Secretary Law Punjab

The Lahore High Court (LHC) while issuing notices in a petition against termination of law officers of Punjab by the Punjab caretaker government sought reply from provincial secretary law till May 30. Imtiaz Ahmad Kaifi and other terminated law officers h
Published 08 May, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 07, 2013).

Published 08 May, 2013 12:00am
Senator Zahid inaugurates Chakdara Bridge

Senator Zahid inaugurates Chakdara Bridge

The Senator of Awami National Party, Zahid Khan on Tuesday inaugurated Chakdara Bridge, a section of which was washed away during 2010 destructive floods. The bridge which played a key role in connecting Dir Lower, Dir Upper, Chitral, Bajaur Agency and so
Published 08 May, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (May 07, 2013) and for Wednesday (May 08, 2013).
Published 08 May, 2013 12:00am
Warid Telecom donates Rs 1 million to GCU EFT

Warid Telecom donates Rs 1 million to GCU EFT

Warid Telecom joined hands with the Government College University Lahore Endowment Fund Trust (GCU EFT) to support education and donated the trust Rs 1,000,000. Warid Telecom Director Sales and Distribution Amer Aman Khan handed over the cheque to GCU Vic
Published 08 May, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 07, 2013).

Published 08 May, 2013 12:00am
Tajik envoy underlines further enhancement of economic, trade ties

Tajik envoy underlines further enhancement of economic, trade ties

Centuries old historical and cultural links between the brotherly people of Pakistan and Tajikistan provide a strong basis for further enhancing their economic, commercial and trade relations. These remarks were made by Gononov S.Sherali, Ambassador of Ta
Published 08 May, 2013 12:00am
Attack on Joseph Colony: LHC grants bail to 9 accused

Attack on Joseph Colony: LHC grants bail to 9 accused

A division bench of the Lahore High Court here Tuesday granted bail to nine accused allegedly involved in the burning of Joseph Colony in Badami Bagh. The accused includes Lal Khan, Muhammad Imran, Sudhir Khan, Imran Butt, Amanullah, Farhan, Sarfraz, Anwa
Published 08 May, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (May 07, 2013).

Published 08 May, 2013 12:00am
SIU arrests LeJ Karachi chief

SIU arrests LeJ Karachi chief

The Special Investigation Unit (SIU) of police on Tuesday arrested chief of Lashkar-e-Jhangvi's (LeJ) Karachi chapter from Hub, Balochistan on Monday. Addressing a news conference, SSP Farooq Awan said that the arrested accused, Tariq Shafi alias Doctor,
Published 08 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 07, 2013).

Published 08 May, 2013 12:00am
District Malir bracing for May 11 polls

District Malir bracing for May 11 polls

A semi-urban Malir district of the city with multi-ethnic groups is bracing for May 11 elections, with people closely observing political parties' election agenda to find possible remedies for their problems of unemployment and lawlessness. The district c
Published 08 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 07, 2013).

Published 08 May, 2013 12:00am
Nawaz suspends PML-N's poll campaign

Nawaz suspends PML-N's poll campaign

Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif on Tuesday decided to suspend his party's election campaigns for a day to show solidarity with Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan after he sustained injuries. Imran Khan was injured a
Published 08 May, 2013 12:00am
Riaz Khan appointed new OGDCL managing director

Riaz Khan appointed new OGDCL managing director

Caretaker government has appointed M Riaz Khan as new Managing Director (MD) of the country's largest oil and gas explorer Oil and Gas Development Company Limited (OGDCL). An official of Petroleum Ministry said that Executive Director (ED) OGDCL Riaz Ahma
Published 08 May, 2013 12:00am
THE RUPEE: dollar firm

THE RUPEE: dollar firm

The rupee managed to resist sharp losses against the dollar on the money market on Tuesday, dealers said. Explaining the surge in dollar, experts said that forward buying for the dollars persisted amid pre-election sessions because of a king of anxiety am
Published 08 May, 2013 12:00am
Khoso to preside over meeting on PSM bailout package

Khoso to preside over meeting on PSM bailout package

Caretaker Prime Minister Mir Hazar Khan Khoso will preside over the third meeting on Wednesday (today) on another Pakistan Steel Mills (PSM) bailout package, including the immediate release of Rs 11 billion for the Mills' revival. PSM has requested to be
Published 08 May, 2013 12:00am
THE RUPEE: dollar firm

THE RUPEE: dollar firm

The rupee managed to resist sharp losses against the dollar on the money market on Tuesday, dealers said. Explaining the surge in dollar, experts said that forward buying for the dollars persisted amid pre-election sessions because of a king of anxiety am
Published 08 May, 2013 12:00am
WorldCall Telecom Limited

WorldCall Telecom Limited

WorldCall Telecom Limited is a telecommunication and multimedia services provider in Pakistan, and is listed on the Karachi Stock Exchange. The company has been operating in the market for over 16 years in various segments including data, entertainment an
Published 08 May, 2013 12:00am
WorldCall Telecom Limited

WorldCall Telecom Limited

WorldCall Telecom Limited is a telecommunication and multimedia services provider in Pakistan, and is listed on the Karachi Stock Exchange. The company has been operating in the market for over 16 years in various segments including data, entertainment an
Published 08 May, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 07, 2013).

Published 08 May, 2013 12:00am
SME financing: SBP issues revised Prudential Regulations

SME financing: SBP issues revised Prudential Regulations

The State Bank of Pakistan on Tuesday issued revised Prudential Regulations (PRs) for Small and Medium Enterprises (SMEs) financing to ensure smooth flow of funds to the sector. The revised PRs focus more on small enterprises and formulate more specific a
Published 08 May, 2013 12:00am
SME financing: SBP issues revised Prudential Regulations

SME financing: SBP issues revised Prudential Regulations

The State Bank of Pakistan on Tuesday issued revised Prudential Regulations (PRs) for Small and Medium Enterprises (SMEs) financing to ensure smooth flow of funds to the sector. The revised PRs focus more on small enterprises and formulate more specific a
Published 08 May, 2013 12:00am
SME financing: SBP issues revised Prudential Regulations

SME financing: SBP issues revised Prudential Regulations

The State Bank of Pakistan on Tuesday issued revised Prudential Regulations (PRs) for Small and Medium Enterprises (SMEs) financing to ensure smooth flow of funds to the sector. The revised PRs focus more on small enterprises and formulate more specific a
Published 08 May, 2013 12:00am
Illegal appointments: Supreme Court serves notice on PQA chairman

Illegal appointments: Supreme Court serves notice on PQA chairman

The Supreme Court on Tuesday served notice on Chairman Port Qasim Authority (PQA) for not complying with the apex court''s orders regarding alleged illegal appointments in the authority during the last two years. A three-member bench headed by Chief Justi
Published 08 May, 2013 12:00am
Illegal appointments: Supreme Court serves notice on PQA chairman

Illegal appointments: Supreme Court serves notice on PQA chairman

The Supreme Court on Tuesday served notice on Chairman Port Qasim Authority (PQA) for not complying with the apex court's orders regarding alleged illegal appointments in the authority during the last two years. A three-member bench headed by Chief Justic
Published 08 May, 2013 12:00am
Illegal appointments: Supreme Court serves notice on PQA chairman

Illegal appointments: Supreme Court serves notice on PQA chairman

The Supreme Court on Tuesday served notice on Chairman Port Qasim Authority (PQA) for not complying with the apex court's orders regarding alleged illegal appointments in the authority during the last two years. A three-member bench headed by Chief Justic
Published 08 May, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 May, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 May, 2013 12:00am
ISE index up by 9.28 points

ISE index up by 9.28 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 9.28 points as the ISE Ten Index moved
Published 08 May, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 May, 2013 12:00am
ISE index up by 9.28 points

ISE index up by 9.28 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 9.28 points as the ISE Ten Index moved
Published 08 May, 2013 12:00am
LSE equities move both ways

LSE equities move both ways

Equities on Tuesday moved both ways on the Lahore Stock Exchange and finally settled in positive zone amid improved trading turnover. However, the LSE-25 index shed 19.41 points to close at 4010.96 against 4030.37 of Monday while transaction volume was in
Published 08 May, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 May, 2013 12:00am
LSE equities move both ways

LSE equities move both ways

Equities on Tuesday moved both ways on the Lahore Stock Exchange and finally settled in positive zone amid improved trading turnover. However, the LSE-25 index shed 19.41 points to close at 4010.96 against 4030.37 of Monday while transaction volume was in
Published 08 May, 2013 12:00am
Imran Khan is out of danger

Imran Khan is out of danger

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday sustained injuries when he fell down from a lifter while climbing up the stage in the Gulberg area, a posh locality with a strong support for his party. He was about to address a public gatheri
Published 08 May, 2013 12:00am
Imran Khan is out of danger

Imran Khan is out of danger

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday sustained injuries when he fell down from a lifter while climbing up the stage in the Gulberg area, a posh locality with a strong support for his party. He was about to address a public gatheri
Published 08 May, 2013 12:00am
JUI-F, PPP convoys attacked: 17 killed

JUI-F, PPP convoys attacked: 17 killed

Seventeen persons were killed and 50 injured in terrorist attacks on convoys of JUI-F candidate in Hangu district and a PPP candidate in Dir Lower. The first incident occurred in Doaba Bazaar of Hangu district on the convoy of the JUI-F candidate for a pr
Published 08 May, 2013 12:00am
JUI-F, PPP convoys attacked: 17 killed

JUI-F, PPP convoys attacked: 17 killed

Seventeen persons were killed and 50 injured in terrorist attacks on convoys of JUI-F candidate in Hangu district and a PPP candidate in Dir Lower. The first incident occurred in Doaba Bazaar of Hangu district on the convoy of the JUI-F candidate for a pr
Published 08 May, 2013 12:00am
Thousands of EU staff strike over austerity

Thousands of EU staff strike over austerity

The 3,500 staff working for the Council of the European Union, one of the bloc''s key institutions, stopped work Tuesday in protest at an EU austerity drive. Unions say staff face a 60 percent drop in purchasing power over the next 15 years if the 27-nati
Published 08 May, 2013 12:00am
Thousands of EU staff strike over austerity

Thousands of EU staff strike over austerity

The 3,500 staff working for the Council of the European Union, one of the bloc's key institutions, stopped work Tuesday in protest at an EU austerity drive. Unions say staff face a 60 percent drop in purchasing power over the next 15 years if the 27-natio
Published 08 May, 2013 12:00am
Thousands of EU staff strike over austerity

Thousands of EU staff strike over austerity

The 3,500 staff working for the Council of the European Union, one of the bloc's key institutions, stopped work Tuesday in protest at an EU austerity drive. Unions say staff face a 60 percent drop in purchasing power over the next 15 years if the 27-natio
Published 08 May, 2013 12:00am
Former Ogra chief awarded three-year RI

Former Ogra chief awarded three-year RI

An accountability court in Rawalpindi on Tuesday sentenced former Ogra chairman Tauqir Sadiq to three years rigorous imprisonment for failing to appear in a corruption reference against him. The court also issued a non-bailable arrest warrant against Sadi
Published 08 May, 2013 12:00am
Former Ogra chief awarded three-year RI

Former Ogra chief awarded three-year RI

An accountability court in Rawalpindi on Tuesday sentenced former Ogra chairman Tauqir Sadiq to three years rigorous imprisonment for failing to appear in a corruption reference against him. The court also issued a non-bailable arrest warrant against Sadi
Published 08 May, 2013 12:00am
Army personnel won't be deployed inside polling station: ECP

Army personnel won't be deployed inside polling station: ECP

Following the directives of Federal Cabinet, the Election Commission of Pakistan (ECP) has assured the political parties that the army would not be deployed inside any polling station and would be used as a quick response force. The cabinet which met on M
Published 08 May, 2013 12:00am
Army personnel won't be deployed inside polling station: ECP

Army personnel won't be deployed inside polling station: ECP

Following the directives of Federal Cabinet, the Election Commission of Pakistan (ECP) has assured the political parties that the army would not be deployed inside any polling station and would be used as a quick response force. The cabinet which met on M
Published 08 May, 2013 12:00am
APCC now scheduled to meet after polls

APCC now scheduled to meet after polls

The Annual Plan Co-ordination Committee (APCC), scheduled to meet in the first week of May to finalise the size of the Public Sector Development Pro-gramme (PSDP) for the next fiscal year, will now after the general elections. Sources said that the APPC m
Published 08 May, 2013 12:00am
APCC now scheduled to meet after polls

APCC now scheduled to meet after polls

The Annual Plan Co-ordination Committee (APCC), scheduled to meet in the first week of May to finalise the size of the Public Sector Development Pro-gramme (PSDP) for the next fiscal year, will now after the general elections. Sources said that the APPC m
Published 08 May, 2013 12:00am
APCC now scheduled to meet after polls

APCC now scheduled to meet after polls

The Annual Plan Co-ordination Committee (APCC), scheduled to meet in the first week of May to finalise the size of the Public Sector Development Pro-gramme (PSDP) for the next fiscal year, will now after the general elections. Sources said that the APPC m
Published 08 May, 2013 12:00am
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