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Print - 2013-05-22
Tetra Pak honoured with Dupont award

Tetra Pak honoured with Dupont award

Tetra Pak(r), the world's leading food processing and packaging solutions company, has received the first DuPont Silver Anniversary award for excellence in continuing innovation. Awarded to winners of five or more previous DuPont Awards for packaging inno
Published 22 May, 2013 12:00am
Differences emerge over formation of government in Balochistan

Differences emerge over formation of government in Balochistan

Differences have emerged within the ranks of Pakistan Muslim League-Nawaz (PML-N) over the formation of new government in Balochistan. Sources in the PML-N claimed that there is difference of opinion within the ranks of the PML-N over the formation of gov
Published 22 May, 2013 12:00am
SHO gunned down for rejecting leave application

SHO gunned down for rejecting leave application

A Station House Officer (SHO) was shot dead by his junior constable over a petty issue in here on Tuesday. Constable Naimutllah shot SHO Muhammad Aoz to death after exchanging heated words, according to DPO Chaman. Police sources say that Naimuttlah was a
Published 22 May, 2013 12:00am
ACCA launches course for aspiring finance professionals

ACCA launches course for aspiring finance professionals

A new course, 'Foundation Diploma' for aspiring finance professionals has been launched in Pakistan by the Association of Chartered Certified Accountants (ACCA). The Foundation Diploma provides essential knowledge and skills for those students who have co
Published 22 May, 2013 12:00am
Pakistan Railways, PSM and PIA sell-off top priority: Ahsan

Pakistan Railways, PSM and PIA sell-off top priority: Ahsan

Privatisation of Pakistan Railways (PR), Pakistan Steel Mill (PSM) and Pakistan International Airline (PIA) would be top priority of the newly-elected government of Pakistan Muslim League-Nawaz (PML-N). Ahsan Iqbal, senior leader of PML-N while talking to
Published 22 May, 2013 12:00am
Pakistan endorses Palestinian call for peace

Pakistan endorses Palestinian call for peace

At the UN Pakistan has endorsed Palestinian call for renewed international focus on the Israeli-Palestinian conflict for peace in the Middle East. Ambassador Masood Khan told the Palestinian Rights Committee that continued attention of the international c
Published 22 May, 2013 12:00am
Brothers Club wins POF Wah T-20 tournament

Brothers Club wins POF Wah T-20 tournament

Brothers Cricket Club won the final of 1st POF Wah T-20 Cricket tournament defeating Hafeez Cricket club by 6 wickets. The tournament was held at Oval Cricket ground Wah Cantt under the auspices of POF Sports Control Board. Atif Butt was declared the man
Published 22 May, 2013 12:00am
i2c unveils Premium Fraud Management Service

i2c unveils Premium Fraud Management Service

i2c, Inc, a Silicon Valley-based provider of cloud payment processing and emerging commerce solutions, today announced a new fraud management service that provides participating clients with a fully turnkey solution for fraud management. The service handl
Published 22 May, 2013 12:00am
i2c unveils Premium Fraud Management Service

i2c unveils Premium Fraud Management Service

i2c, Inc, a Silicon Valley-based provider of cloud payment processing and emerging commerce solutions, today announced a new fraud management service that provides participating clients with a fully turnkey solution for fraud management. The service handl
Published 22 May, 2013 12:00am
Promise of peaceful elections in Balochistan fulfilled: chief minister

Promise of peaceful elections in Balochistan fulfilled: chief minister

Balochistan caretaker Chief Minister Nawab Ghaus Bakhsh Barozai has said that the promise of peaceful polls in Balochistan was fulfilled in the most disturbed province in country and the office of caretaker chief minister remained unbiased and uncontrover
Published 22 May, 2013 12:00am
PTA concerned over FBR's proposal to enhance WHT rates

PTA concerned over FBR's proposal to enhance WHT rates

Pakistan Tanners Association (PTA) has expressed its concern over the Federal Board of Revenue's proposal, submitted to the Ministry of Finance, to enhance withholding tax (WHT) rates. While talking to Business Recorder, PTA Chairman Agha Saiddain
Published 22 May, 2013 12:00am
PTA concerned over FBR's proposal to enhance WHT rates

PTA concerned over FBR's proposal to enhance WHT rates

Pakistan Tanners Association (PTA) has expressed its concern over the Federal Board of Revenue's proposal, submitted to the Ministry of Finance, to enhance withholding tax (WHT) rates. While talking to Business Recorder, PTA Chairman Agha Saiddain
Published 22 May, 2013 12:00am
PTI continues protest against alleged rigging

PTI continues protest against alleged rigging

Pakistan Tehreek-e-Insaf (PTI) on Tuesday held a protest against indifferent attitude of the Election Commission of Pakistan (ECP) over its complaints about alleged rigging during the recent general elections. A large number of PTI supporters from all wal
Published 22 May, 2013 12:00am
MQM leaders from Punjab join PTI

MQM leaders from Punjab join PTI

Provincial and district leaders of Muttahida Qaumi Movement (MQM) from Punjab have joined Pakistan Tahrik-e-Insaf (PTI) here on Tuesday. While addressing a press conference, PTI President Punjab, Ejaz Chaudhary announced the joining of MQM leaders namely
Published 22 May, 2013 12:00am
Imran to be discharged from hospital today

Imran to be discharged from hospital today

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan will be discharged from Shaukat Khanum Memorial Hospital (SKMC) on Wednesday (today). According to a statement released by the SKMC administration on Tuesday, Imran Khan was fitted with a specially design
Published 22 May, 2013 12:00am
Pak-China ties: media urged to play due role

Pak-China ties: media urged to play due role

Caretaker Minister for Information and Broadcasting Arif Nizami on Tuesday urged the media from both China and Pakistan to play their due role in enhancing bilateral relations and trade ties. He said this here in a meeting with a Chinese trade delegation
Published 22 May, 2013 12:00am
The Weather

The Weather

The weather report on Tuesday (May 21, 2013) and the forecast for Tuesday (May 22, 2013).

Published 22 May, 2013 12:00am
China to address trade imbalance with Pakistan: Li Keqiang

China to address trade imbalance with Pakistan: Li Keqiang

Chinese Premier Li Keqiangs has said that Pakistan is the first South Asian country to sign a free trade agreement and currency swap agreement with China. In an interview to Pakistani media on the eve of his visit‚ the Chinese premier has said his country
Published 22 May, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 21, 2013).

Published 22 May, 2013 12:00am
Six Pak JF-17s to escort Chinese Premier's aircraft today

Six Pak JF-17s to escort Chinese Premier's aircraft today

Six JF-17 Thunder fighters of Pakistan Air Force, will escort the aircraft of Chinese Premier Li Keqiang as it enters Pakistan air space on Wednesday (today), at the start of his two-day State visit. The JF-17s, symbol of deep Sino-Pakistan friendship, wi
Published 22 May, 2013 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 22 May, 2013 12:00am
Li arriving on two-day visit

Li arriving on two-day visit

Premier of the State Council of the People's Republic of China Li Keqiang will arrive here on a two-day official visit along with high powered delegation on Wednesday, said Foreign Office. According to Foreign Office spokesman Aizaz Ahmad Chaudhry, many i
Published 22 May, 2013 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 22 May, 2013 12:00am
Tareen sees plot for poll defeat

Tareen sees plot for poll defeat

Senior Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Tareen on Tuesday alleged that he was defeated in May 11 general elections under a well-planned conspiracy. Addressing a press conference along with PTI's Information Secretary Shireen Mazari here, Tar
Published 22 May, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 21, 2013).

Published 22 May, 2013 12:00am
FPCCI slams caretakers for mulling mini-budget

FPCCI slams caretakers for mulling mini-budget

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday sharply reacted over the report that the caretaker government is contemplating to announce a mini-budget before the Federal Budget 2013-14. President FPCCI, Zubair Ahmed Malik
Published 22 May, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (May 21, 2013) and for Wednesday (May 22, 2013).
Published 22 May, 2013 12:00am
FPCCI slams caretakers for mulling mini-budget

FPCCI slams caretakers for mulling mini-budget

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday sharply reacted over the report that the caretaker government is contemplating to announce a mini-budget before the Federal Budget 2013-14. President FPCCI, Zubair Ahmed Malik
Published 22 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 21, 2013).

Published 22 May, 2013 12:00am
Explosion in Clifton

Explosion in Clifton

A low intensity blast took place at the Karachi's Boat Basin area in Clifton here on Tuesday. Rangers covered the area after the blast. However, no serious casualties have been reported. According to reports, the explosive device was kept in a pot near th
Published 22 May, 2013 12:00am
APCNGA rejects six-day gas suspension plan

APCNGA rejects six-day gas suspension plan

The All Pakistan CNG Association (APCNGA) on Tuesday rejected the plan of Ministry of Petroleum and Natural Resources to suspend gas supply to CNG outlets for six days under the garb of maintenance of plants at Qadirpur gas filed. The decision to bar CNG
Published 22 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 21, 2013).

Published 22 May, 2013 12:00am
Revival of growth: IPP presents comprehensive strategy

Revival of growth: IPP presents comprehensive strategy

As the incoming government is seriously deliberating on the measures for revival of economy, the Institute of Public Policy (IPP) Beaconhouse National University has presented a comprehensive development strategy for reviving growth. IPP experts and econo
Published 22 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 21, 2013).

Published 22 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 21, 2013).

Published 22 May, 2013 12:00am
Malala selected for Global Leadership Award

Malala selected for Global Leadership Award

Malala Yousafzai, who was shot at last year by the Taliban for advocating education of girls, has been selected for the prestigious Global Leadership Award this year. Malala will receive the award for her role as a global activist in advocating for educat
Published 22 May, 2013 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

The rupee moved both ways against the dollar on the currency market on Tuesday, dealers said. The rupee strengthened versus the dollar, gaining 10 paisa for buying and for selling at Rs 99.75 and Rs 99.95 respectively, they said. The national currency als
Published 22 May, 2013 12:00am
Supreme Court issues contempt notice to Chairman Senate

Supreme Court issues contempt notice to Chairman Senate

Resuming the hearing on a petition filed by Mehmood Naqvi over dual nationality issue here on Tuesday, the Supreme Court issued contempt of the court notice to the Chairman Senate Syed Nayyar Bukhari. A three-judge bench, led by the Chief Justice Iftikhar
Published 22 May, 2013 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

The rupee moved both ways against the dollar on the currency market on Tuesday, dealers said. The rupee strengthened versus the dollar, gaining 10 paisa for buying and for selling at Rs 99.75 and Rs 99.95 respectively, they said. The national currency als
Published 22 May, 2013 12:00am
MQM general workers' meeting held Karachi Tanzeemi Committee dissolved

MQM general workers' meeting held Karachi Tanzeemi Committee dissolved

An important meeting of workers of Units and Sectors of MQM in Karachi and all organisational wings and office-bearers of various committees was held in Lal Qila Ground, Azizabad on Tuesday. Altaf Hussain, the founder and leader of the MQM, addressed the
Published 22 May, 2013 12:00am
Bank Al-Habib Limited

Bank Al-Habib Limited

Brief Introduction: Bank Al Habib operates under the umbrella of Dawood Habib Group, one of the renowned and trusted names in the banking industry. The rich history of the group dates back to 1920. Besides BAHL, the group has Habib Insurance Compan
Published 22 May, 2013 12:00am
Bank Al-Habib Limited

Bank Al-Habib Limited

Brief Introduction: Bank Al Habib operates under the umbrella of Dawood Habib Group, one of the renowned and trusted names in the banking industry. The rich history of the group dates back to 1920. Besides BAHL, the group has Habib Insurance Compan
Published 22 May, 2013 12:00am
May 11 elections: caretakers seek in-depth analysis

May 11 elections: caretakers seek in-depth analysis

Caretaker Federal Ministers have demanded an in-depth analysis of elections by the Election Commission to avoid recurrence of rigging and fraud accusations. Well-informed sources told Business Recorder some Federal Ministers who were inducted in th
Published 22 May, 2013 12:00am
May 11 elections: caretakers seek in-depth analysis

May 11 elections: caretakers seek in-depth analysis

Caretaker Federal Ministers have demanded an in-depth analysis of elections by the Election Commission to avoid recurrence of rigging and fraud accusations. Well-informed sources told Business Recorder some Federal Ministers who were inducted in th
Published 22 May, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 21, 2013).

Published 22 May, 2013 12:00am
Overall 55.02 percent voters'' turnout in election: ECP

Overall 55.02 percent voters'' turnout in election: ECP

The Election Commission of Pakistan (ECP) on Tuesday said that overall voters'' turnout in recently held general election was 55.02 percent, which was around nine percent more than 2008 general elections - 44.11 percent. Former Secretary ECP, Kanwar Dilsh
Published 22 May, 2013 12:00am
Overall 55.02 percent voters' turnout in election: ECP

Overall 55.02 percent voters' turnout in election: ECP

The Election Commission of Pakistan (ECP) on Tuesday said that overall voters' turnout in recently held general election was 55.02 percent, which was around nine percent more than 2008 general elections - 44.11 percent. Former Secretary ECP, Kanwar Dilsha
Published 22 May, 2013 12:00am
Overall 55.02 percent voters' turnout in election: ECP

Overall 55.02 percent voters' turnout in election: ECP

The Election Commission of Pakistan (ECP) on Tuesday said that overall voters' turnout in recently held general election was 55.02 percent, which was around nine percent more than 2008 general elections - 44.11 percent. Former Secretary ECP, Kanwar Dilsha
Published 22 May, 2013 12:00am
Chinese Prime Minister vows to open up markets to India

Chinese Prime Minister vows to open up markets to India

Visiting Premier Li Keqiang promised Tuesday to open China's vast domestic market wider to India and forge a "dynamic trade balance" to deepen economic ties and ease tensions between the Asian giants. The trade push, which the countries say will supply "n
Published 22 May, 2013 12:00am
Chinese Prime Minister vows to open up markets to India

Chinese Prime Minister vows to open up markets to India

Visiting Premier Li Keqiang promised Tuesday to open China's vast domestic market wider to India and forge a "dynamic trade balance" to deepen economic ties and ease tensions between the Asian giants. The trade push, which the countries say will supply "n
Published 22 May, 2013 12:00am
Government borrowing crosses Rs one trillion mark

Government borrowing crosses Rs one trillion mark

The federal government borrowing for budgetary support has crossed the level of Rs 1 trillion because of higher fiscal deficit and less than expectation revenue collection. "Phenomenal increase in current expenditure, rising subsidy on commodities, Public
Published 22 May, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 May, 2013 12:00am
Government borrowing crosses Rs one trillion mark

Government borrowing crosses Rs one trillion mark

The federal government borrowing for budgetary support has crossed the level of Rs 1 trillion because of higher fiscal deficit and less than expectation revenue collection. "Phenomenal increase in current expenditure, rising subsidy on commodities, Public
Published 22 May, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 May, 2013 12:00am
Government borrowing crosses Rs one trillion mark

Government borrowing crosses Rs one trillion mark

The federal government borrowing for budgetary support has crossed the level of Rs 1 trillion because of higher fiscal deficit and less than expectation revenue collection. "Phenomenal increase in current expenditure, rising subsidy on commodities, Public
Published 22 May, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 22 May, 2013 12:00am
DR Congo fighting leaves 19 dead

DR Congo fighting leaves 19 dead

A fresh bout of fighting between army and rebel forces in eastern Democratic Republic of Congo has left 19 dead, the government said Tuesday, on the eve of a visit by UN chief Ban Ki-moon.
Published 22 May, 2013 12:00am
DR Congo fighting leaves 19 dead

DR Congo fighting leaves 19 dead

A fresh bout of fighting between army and rebel forces in eastern Democratic Republic of Congo has left 19 dead, the government said Tuesday, on the eve of a visit by UN chief Ban Ki-moon.
Published 22 May, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 May, 2013 12:00am