News Archives for Print - 2013-06-06 - Business Recorder

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Print - 2013-06-06

SRB moves to regularise 122 internees, staffers

SRB moves to regularise 122 internees, staffers

The Sindh Revenue Board (SRB) on Wednesday moved to regularise as many as 122 internees, contingency-based and contractual employees and consultants between grades 1 and 17. Orders in this regard were notified here after the approval of the selection comm

Published 06 Jun, 2013 12:00am

Lord Nazir meets chairman FBR

Lord Nazir meets chairman FBR

Member of the UK's House of Lords, Lord Nazir Ahmed of Rotherham called on Chairman FBR Ansar Javed at the FBR House here on Wednesday. Riffat Shaheen Qazi, official spokesperson, and Member FBR was also present in the meeting. During the meeting Chairman

Published 06 Jun, 2013 12:00am

PIA maintaining flights schedule

PIA maintaining flights schedule

PIA is maintaining its domestic and international flights schedule and there has been no disruption so far, PIA Spokesman said here on Wednesday. Refuting a news item appearing in a section of print and electronic media regarding grounding all of its B-73

Published 06 Jun, 2013 12:00am

Partly Facetious: Naek s resignation important development?

Partly Facetious: Naek s resignation important development?

"So why did Farooq H Naek tender his resignation as Senate Chairman."

Published 06 Jun, 2013 12:00am

Hearing on quality CNG cylinders adjourned

Hearing on quality CNG cylinders adjourned

The Lahore High Court adjourned to June 12 the hearing of a petition about inspection of CNG pumps and quality cylinders. The petitioners, owners of different CNG pumps, said that the government different departments including Hydro Carbon Development Ins

Published 06 Jun, 2013 12:00am

Food worth $1 trillion wasted every year: official

Food worth $1 trillion wasted every year: official

The global food production system occupy 25 percent of all habitable land and accounts for 70 percent of fresh water consumption and 30 percent of greenhouse gas emissions. But ironically, an estimated one-third of all food produced - an astonishing 1.3 b

Published 06 Jun, 2013 12:00am

PTCL, Al Ghurair Giga Pakistan sign agreement

PTCL, Al Ghurair Giga Pakistan sign agreement

Pakistan Telecommunication Company Limited (PTCL) on June 5 has announced the signing of a memorandum of understanding (MoU) with Al Ghurair Giga Pakistan (Pvt) Ltd, the developers of World Trade Centre and other state of the art commercial and residentia

Published 06 Jun, 2013 12:00am

Unruly behaviour of PML-N workers: National Assembly Speaker apologises to media persons

Unruly behaviour of PML-N workers: National Assembly Speaker apologises to media persons

Speaker National Assembly Ayaz Sadiq had to apologise from media persons for unruly behaviour of Pakistan Muslim League-Nawaz (PML-N) workers, who forcefully entered the press gallery. The presence of a large number of PML-N workers in media gallery creat

Published 06 Jun, 2013 12:00am

PTI, Jamaat-i-Islami submit anti-drone resolution in Khyber Pakhtunkhwa Assembly

PTI, Jamaat-i-Islami submit anti-drone resolution in Khyber Pakhtunkhwa Assembly

Pakistan Tehrik-e-Insaf-led provincial government of Khyber Pakhtunkhwa on Wednesday submitted resolution against the ongoing drone attacks in tribal region to the provincial assembly's secretariat. The resolution was submitted by Deputy Parliamentary lea

Published 06 Jun, 2013 12:00am

Proposed slabs of FED on cigarettes: MNCs' profits likely to go up substantially

Proposed slabs of FED on cigarettes: MNCs' profits likely to go up substantially

A comparison of the Federal Excise Duty (FED) slabs, in case of cigarettes proposed by the Federal Board of Revenue and cigarette manufacturers, revealed that the new excise structure would substantially increase profit margins of multinational companies

Published 06 Jun, 2013 12:00am

Brigadier Akmal made military secretary to Prime Minister

Brigadier Akmal made military secretary to Prime Minister

Brigadier Akmal has been made military secretary to new Prime Minister Nawaz Sharif. He replaced Brigadier Tahir who worked with former Prime Ministers Raja Pervez Ashraf and Mir Hazar Khan Khoso. Brigadier Akmal took over his new responsibilities on Wedn

Published 06 Jun, 2013 12:00am

Jeweller, two security guards shot dead

Jeweller, two security guards shot dead

Three people were killed on Wednesday when unknown gunmen opened fire at their vehicle in the limits of Bani Gala Police Station. Police said that a local jeweller and two security guards were shot dead while three children of the jeweller sustained injur

Published 06 Jun, 2013 12:00am

Conditions of inmates: Supreme Court asks lower judiciary to take stock of situation

Conditions of inmates: Supreme Court asks lower judiciary to take stock of situation

In a bid to improve deplorable living conditions of detainees in different jails, the Supreme Court on Wednesday directed all district and sessions judges to submit compliance report on court's order about the pathetic condition of prisons by personally v

Published 06 Jun, 2013 12:00am

Speakers say country facing environmental threats to agriculture, food security

Speakers say country facing environmental threats to agriculture, food security

Speakers have emphasised on concerted efforts to achieve maximum food security curtailing its wastage besides, reining in the growing environmental problems being faced by the country. The country is facing dangerous environmental threats which are harmfu

Published 06 Jun, 2013 12:00am

Lack of effective anti-polio measures: Pakistanis may face Hajj restrictions

Lack of effective anti-polio measures: Pakistanis may face Hajj restrictions

Religious scholars on Wednesday warned that Pakistan could face Hajj and Umrah restrictions if effective anti-polio measures were not taken in the country. Scholars were addressing the inaugural session of a two-day international conference on 'Muslim sch

Published 06 Jun, 2013 12:00am

Century-old prisoner dies in jail

Century-old prisoner dies in jail

Prisoner Ghulam Haider s/o Abdullah aged 100 years died in District Jail Mandi Bahauddin the other day after protracted illness. He had been awarded death punishment and was detained in death cell for the past so many years. After completing formalities t

Published 06 Jun, 2013 12:00am

Sudan envoy visits LUMHS Jamshoro

Sudan envoy visits LUMHS Jamshoro

Ambassador of Sudan Al Shafie Ahmed Mohamed along with a delegation visited the Liaquat University of Medical & Health Sciences Jamshoro (LUMHS), to initiate "Academic linkages & community outreach program". The Vice Chancellor LUMHS Professor Masoor Alam

Published 06 Jun, 2013 12:00am

Small traders feel new government can't resolve energy crisis in near future

Small traders feel new government can't resolve energy crisis in near future

Small traders feel the new government will not be able to resolve the country's long-running problems like power and gas shortages in near future. Talking to Business Recorder on Wednesday, Chairman All Karachi Tajir Ittehad (AKTI), Atiq Mir, said

Published 06 Jun, 2013 12:00am

Karachi RTO posts 42 percent growth in revenue collection

Karachi RTO posts 42 percent growth in revenue collection

Regional Tax Office (RTO-I), Karachi is reported to have witnessed a 42 percent growth in revenue collection during the ongoing fiscal month. According to provisional statistics, RTO-I collected Rs 10.18 billion on account of direct taxes in May against R

Published 06 Jun, 2013 12:00am

Liaqat Baloch congratulates Nawaz

Liaqat Baloch congratulates Nawaz

Secretary-General, Jamaat-i-Islami, Liaqat Baloch, congratulated Muhammad Nawaz Sharif on his election as Prime Minister for the third time, and said the new premier would have to take concrete steps to solve people's problems and uplift the country's eco

Published 06 Jun, 2013 12:00am

Climate change, food security: government asked to set up think tank at UAF

Climate change, food security: government asked to set up think tank at UAF

Speakers, on second day of AgMIP Pakistan kick-off workshop and international seminar on climate change, urged the government make arrangements to set up an independent policy centre or think tank at University of Agriculture Faisalabad, which bring forth

Published 06 Jun, 2013 12:00am

Jamaat-i-Islami hopes Nawaz will perform as a national leader

Jamaat-i-Islami hopes Nawaz will perform as a national leader

Ameer, Jamaat-i-Islami Pakistan, Syed Munawar Hasan, has congratulated Mian Nawaz Sharif on his election as Prime Minister and expressed the hope that he would act as a national leader and adopt policies that can steer the country out of the cesspool of p

Published 06 Jun, 2013 12:00am

Business community greets Nawaz Sharif

Business community greets Nawaz Sharif

The Lahore Chamber of Commerce and Industry on Wednesday congratulated Nawaz Sharif for becoming Prime Minister of Pakistan for the third time and welcomed his pledge to build a Roshan Pakistan through good governance, elimination of corruption and on-mer

Published 06 Jun, 2013 12:00am

Prime Minister presented guard of honour

Prime Minister presented guard of honour

A smartly turned out contingent representing three armed forces presented the guard of honour to Prime Minister Muhammad Nawaz Sharif when he arrived at the PM's House on Wednesday after being sworn in as the Prime Minister of Pakistan. National anthem wa

Published 06 Jun, 2013 12:00am

PML-N activists distribute sweets

PML-N activists distribute sweets

Activists of Pakistan Muslim League-Nawaz (PML-N) on Wednesday distributed sweets and also danced on drum beat to rejoice elevation of Nawaz Sharif as Prime Minister for the third term. Supporters of the PML-N gathered in front of Masjid-e-Shuhada where s

Published 06 Jun, 2013 12:00am

LHC stops ministry from collecting 'compensation fund'

LHC stops ministry from collecting 'compensation fund'

The Lahore High Court Chief Justice on Wednesday restrained the ministry of religious affairs from collecting Rs 5,000 as "compensation fund" from pilgrims via Hajj Group Organisers (HGOs). The court directed the ministry to obtain affidavits from HGOs al

Published 06 Jun, 2013 12:00am

Merkal felicitates Nawaz Sharif

Merkal felicitates Nawaz Sharif

The German Chancellor, Dr Angela Merkel, sent a letter to the new Pakistani Prime Minister Muhammad Nawaz Sharif and congratulated him on his election. In a statement released by Embassy of Germany here on Wednesday, she wrote: "Please accept my sincere c

Published 06 Jun, 2013 12:00am

Pakistan can generate 60,000 megawatts electricity from hydel source: seminar informed

Pakistan can generate 60,000 megawatts electricity from hydel source: seminar informed

Pakistan has potential to generate 60,000MW of electricity from hydel source but unfortunately we failed to construct any big dam for power generation and water conservation during last few decades. Member (Water) Wapda Engineer Hasnain Afzal told media a

Published 06 Jun, 2013 12:00am

Petition against Altaf: LHC seeks replies

Petition against Altaf: LHC seeks replies

The Lahore High Court here on Wednesday sought replies in response to an application seeking a ban on media coverage of MQM chief Altaf Hussain's speeches. The court on May 24 had sought replies from the Pakistan Telecommunication Authority, Pakistan Elec

Published 06 Jun, 2013 12:00am

Rich tribute paid to Saghar

Rich tribute paid to Saghar

Chief Patron of Cultural Association of Pakistan S M Zafar has said that Riaz ur Rehman Saghar was a man of phraseology. Although he has left us but his memories will always be with us in the shape of his evergreen songs. His death has deprived us from a

Published 06 Jun, 2013 12:00am

Chinese Premier felicitates Prime Minister Nawaz Sharif

Chinese Premier felicitates Prime Minister Nawaz Sharif

Premier of the State Council of the People's Republic of China Li Keqiang has sent a message of felicitation to Mian Mohammad Nawaz Sharif on assumption of the office of Prime Minister of the Islamic Republic of Pakistan. In his message on Wednesday, Prem

Published 06 Jun, 2013 12:00am

Petition against loadshedding: Supreme Court issues notice to Ministry of W&P for 10th: APTMA

Petition against loadshedding: Supreme Court issues notice to Ministry of W&P for 10th: APTMA

A spokesperson of All Pakistan Textile Mills Association (APTMA) has said the Supreme Court has issued notice to the Ministry of Water and Power for 10th June on APTMA's petition against drastic increase in the loadshedding to industry in general and APTM

Published 06 Jun, 2013 12:00am

PTI assures government of its support to public issues, national security

PTI assures government of its support to public issues, national security

Pakistan Tehrik-e-Insaaf (PTI) has assured the newly elected government of its support on issues of common man interests, national security and Prime Minister Nawaz Sharif's strategy against continuing drone attacks in the country. Speaking in the Nationa

Published 06 Jun, 2013 12:00am

Musharraf ready to face high treason case: APML

Musharraf ready to face high treason case: APML

Former president Pervez Musharraf will be ready to face any court if newly elected Prime Minister Nawaz Sharif supports a high treason case against him, said the former dictator's political advisor. "Musharraf is ready to face any court in order to defend

Published 06 Jun, 2013 12:00am

Saudi Arabia executes Pakistani for drug smuggling

Saudi Arabia executes Pakistani for drug smuggling

Saudi authorities beheaded by the sword on Wednesday a Pakistani convicted of smuggling heroin, the interior ministry said. Wajid Ali Zarnoosh was found guilty of trafficking heroin into Saudi Arabia, the ministry said in a statement carried by SPA state

Published 06 Jun, 2013 12:00am

Downsizing ministries, merging departments: Establishment Division initiates homework on proposal

Downsizing ministries, merging departments: Establishment Division initiates homework on proposal

The Establishment Division has initiated homework on a proposal to cut the size of federal ministries and merge government departments hours before Nawaz Sharif took oath as Prime Minister of Pakistan, sources in division disclosed. Sources said slashing

Published 06 Jun, 2013 12:00am

Chinese 'Tai Pan' at PC Muzaffarabad inaugurated

Chinese 'Tai Pan' at PC Muzaffarabad inaugurated

Authentic Chinese restaurant "Tai Pan" at the Pearl Continental Hotel Muzaffarabad was inaugurated by the Chief Secretary of Azad Jammu & Kashmir Alam Din Bullo, says a press release issued here on Wednesday. The Chief Secretary and many other dignitaries

Published 06 Jun, 2013 12:00am

Police arrest four involved in making fake currency notes

Police arrest four involved in making fake currency notes

Margallah Police Islamabad arrested four persons involved in preparing fake currency and deceiving people after portraying themselves as government officials, a police spokesman said on Wednesday. According to the details, Margallah police have arrested A

Published 06 Jun, 2013 12:00am

From A Ringside Seat: Mian sahib it's time to act now!!!

From A Ringside Seat: Mian sahib it's time to act now!!!

He literally pleaded that he was innocent and be allowed to return home but there was no one to raise voice for him. He remained in forced exile for several years but when he staged a comeback, he was chucked out by the dictator and his power thirsty cron

Published 06 Jun, 2013 12:00am

Four new amnesty schemes this month: cases of tax frauds, fake refunds not covered

Four new amnesty schemes this month: cases of tax frauds, fake refunds not covered

The four new amnesty schemes to be announced during this month for waiver of default surcharge/penalty of sales tax, income tax, customs duty and federal excise duty would not be applicable to cases of fraudulent refunds, drawbacks and tax frauds.

Published 06 Jun, 2013 12:00am

Drone attacks violating our sovereignty must end: Nawaz

Drone attacks violating our sovereignty must end: Nawaz

Newly-elected Prime Minister Nawaz Sharif on Wednesday said that all stakeholders should be on the same page to address problems being faced by the country. "A single party cannot resolve problems (currently being) faced by the country.

Published 06 Jun, 2013 12:00am

Detention centres: steps needed to prevent violence against women

Detention centres: steps needed to prevent violence against women

Participants at a training workshop have stressed the need of steps for prevention of gender-based violence against women in the society, especially at the women inmate centres and police stations. Brigadier Haroon Rashid (Retd) while speaking at the trai

Published 06 Jun, 2013 12:00am

Election for Punjab chief minister slot today

Election for Punjab chief minister slot today

Nomination papers for the slot of chief minister of Punjab Assembly were finalised at Assembly Secretariat on Wednesday. The election would be held at 11:00am today (Thursday). Muhammad Shahbaz Sharif PML-N and Mahmud-ur-Rashid PTI are contesting for the

Published 06 Jun, 2013 12:00am

Nawaz urged to take stock of precarious position of trade, industry

Nawaz urged to take stock of precarious position of trade, industry

Business Community has urged the newly-elected Prime Minister Nawaz Sharif to take stock of the precarious position of the trade and industry and the urgent need of the nation to enhance export at any cost to curb inflation, hold current account deficit a

Published 06 Jun, 2013 12:00am

Abrogating constitution: Achakzai seeks across the board accountability

Abrogating constitution: Achakzai seeks across the board accountability

The allies of newly-elected Prime Minister Nawaz Sharif on Wednesday proposed him either to let his traditional foe, General Pervez Musharraf (Retd) go scot-free or roll up his sleeves to bring all those to book, who aided and abetted the military dictato

Published 06 Jun, 2013 12:00am

Security issue is important

Security issue is important

Terrorism has its roots in the Soviet invasion of Afghanistan. That is when the Americans trained Mujahideen. The US funded and armed them. They did a remarkable job of defeating a superpower. The US departure from Afghanistan will create an enabling envi

Published 06 Jun, 2013 12:00am

Erdogan targets social media plague as protests grow

Erdogan targets social media plague as protests grow

Turkish Prime Minister Recep Tayyip Erdogan has targeted the internet and social media as his government faces a rising wave of protests. He described social media as a "plague," and charged that false accusations and entirely fabricated claims were being

Published 06 Jun, 2013 12:00am

Customs valuation: Role of price list in determination of transaction value

Customs valuation: Role of price list in determination of transaction value

In international business transactions, buyers usually confront harsh and uncalled for attitude of customs administration, throughout the globe. At times, there are cases where under invoicing did take place and obviously the culprit can be penalised but

Published 06 Jun, 2013 12:00am

VIEW POINT: America, Taliban and us

VIEW POINT: America, Taliban and us

The violent extremists fighting this state, say many, have nothing to do with America's war in Afghanistan. Yet last Wednesday's US drone strike in North Waziristan that killed six people included the second-in-command of the so-called Tehrik-e-Taliban Pa

Published 06 Jun, 2013 12:00am

In defence of constitutionalism

In defence of constitutionalism

Thanks to Mahmood Khan Achakzai's tested democratic credentials, the maiden session of the 14th National Assembly on Monday had a strident start. The battle for democracy has just begun and this has to be won whatever it takes, he sounded the warning to t

Published 06 Jun, 2013 12:00am

Unprecedented third term

Unprecedented third term

In view of PML-N's massive electoral victory it was given that Nawaz Sharif would be the next prime minister of Pakistan. But now since the May 11 polls the jigsaw pieces of political map have fallen in place to confirm him as the only option to help reco

Published 06 Jun, 2013 12:00am

Pakistani Peacekeepers Day observed

Pakistani Peacekeepers Day observed

June 05 was observed as Pakistani Peacekeepers Day to pay homage to Pakistani martyrs who made supreme sacrifice in noble cause of International peace and security. The day is being observed as Pakistani Peacekeepers Day with humility and modesty in the h

Published 06 Jun, 2013 12:00am

India accuses Pakistan of fomenting militancy

India accuses Pakistan of fomenting militancy

India accused Pakistan's intelligence agency on Wednesday of trying to recruit and train militants to carry out attacks across the border in the Indian state of Punjab. Home Minister Sushilkumar Shinde alleged Pakistan's Inter-Services Intelligence (ISI)

Published 06 Jun, 2013 12:00am

Momand Marble City project: Khyber Pakhtunkhwa governor calls to maintain pace of progress

Momand Marble City project: Khyber Pakhtunkhwa governor calls to maintain pace of progress

Khyber Pakhtunkhwa Governor, Engineer Shaukatullah while appreciating the team work of the Fata Development Authority and the Pakistan Stone Development Corporation in making remarkable progress on development of Momand Marble City project, has desired th

Published 06 Jun, 2013 12:00am

50,000 tons of urea import: TCP accepts $2.17 per ton higher price by second bidder

50,000 tons of urea import: TCP accepts $2.17 per ton higher price by second bidder

Declaring the first lowest bid non-responsive, the Trading Corporation of Pakistan (TCP) Wednesday awarded 50,000 tons of urea import contract to the second lowest bidder, which quoted $2.17 per ton higher price compared to first lowest. This will inflict

Published 06 Jun, 2013 12:00am

Eight personnel injured in grenade attack on Rangers' Mess

Eight personnel injured in grenade attack on Rangers' Mess

At least eight rangers' personnel were injured when unidentified armed riders hurled a hand grenade at Solider Mess on Wednesday night. According to police sources, the incident took place at Solider Mess of 81 Wing of Rangers located in the limits of Naz

Published 06 Jun, 2013 12:00am

MQM to observe mourning day today

MQM to observe mourning day today

Muttahida Qaumi Movement (MQM) on Wednesday announced observing a "peaceful day of mourning" on Thursday (today) against the kidnapping and killing of four of its sympathisers on Wednesday. Addressing a press conference at MQM's at Khursheed Begum Memoria

Published 06 Jun, 2013 12:00am

The Weather

The Weather

The weather report on Wednesday (June 05, 2013) and the forecast for Thursday (June 06, 2013).

Published 06 Jun, 2013 12:00am

Government urged to take action against people involved in counterfeiting

Government urged to take action against people involved in counterfeiting

Speakers at a seminar on "Combating Counterfeiting" have urged the new government to amend the laws of quality control and take serious action against the culprits involved in counterfeiting of different products particularly food and medicines aimed at p

Published 06 Jun, 2013 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

KCCI chief urges Pakistan, Malaysia to find new areas of mutual cooperation

KCCI chief urges Pakistan, Malaysia to find new areas of mutual cooperation

Pakistan and Malaysia have to find new areas of mutual co-operation and try to further boost trade and economic ties. Full advantage of Pak-Malaysia Free Trade Agreement (FTA) need to be taken to boost bilateral trade volume which still far behind from it

Published 06 Jun, 2013 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

Three MQM supporters killed after being kidnapped

Three MQM supporters killed after being kidnapped

Unknown armed men kidnapped three supporters of Muttahida Qaumi Movement (MQM) from Khokhrapar, Malir area on Wednesday morning and later dumped their bodies in Jalbani Goth in the limits of Khokhrapar police stations. Following the incident, tension grip

Published 06 Jun, 2013 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 06 Jun, 2013 12:00am

Intel Corporation launches new brand 'Silvermont'

Intel Corporation on Wednesday took the wraps off its brand new, low-power, high-performance micro-architecture named Silvermont. The technology is aimed squarely at low-power requirements in market segments from smartphones to the data center. Silvermont

Published 06 Jun, 2013 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 06 Jun, 2013 12:00am

Intel Corporation launches new brand 'Silvermont'

Intel Corporation on Wednesday took the wraps off its brand new, low-power, high-performance micro-architecture named Silvermont. The technology is aimed squarely at low-power requirements in market segments from smartphones to the data center. Silvermont

Published 06 Jun, 2013 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

NPT told to release veteran journalist's pension

NPT told to release veteran journalist's pension

A division bench of the Lahore High Court on Wednesday dismissed an appeal of the National Press Trust (NPT) and directed it to release past pension benefits of late columnist and veteran journalist Shafqat Tanvir Mirza (STM). The bench headed by Chief Ju

Published 06 Jun, 2013 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

Punjab government approves 11 uplift schemes

Punjab government approves 11 uplift schemes

The Punjab government on Wednesday approved 11 development schemes of various sectors of the economy with an estimated cost of Rs 6036.381 million. These schemes were approved in the 34th meeting of provincial development working party of current fiscal y

Published 06 Jun, 2013 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

SECP, ICMAP hold roundtable conference

SECP, ICMAP hold roundtable conference

The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the Institute of Cost and Management Accountants of Pakistan (ICMAP) has held roundtable conference on the draft Licencing and Corporate Governance Regulations for Association

Published 06 Jun, 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 (June 05, 2013).

Published 06 Jun, 2013 12:00am

UNEP releases report on 'Smallholders, food security and environment'

UNEP releases report on 'Smallholders, food security and environment'

Supporting small farmers to play a greater role in food production natural resource stewardship is one of the quickest ways to lift over one billion people out of poverty and sustain ably nourish a growing world population, observed a new United Nations E

Published 06 Jun, 2013 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

Habib Bank Limited

Habib Bank Limited

BRIEF INTRODUCTION: HBL was established in Pakistan in 1947 as the first commercial bank. Over the period, the bank has grown staggeringly to become the largest private sector bank with over 1,500 branches and 830 ATMs across the country and a cust

Published 06 Jun, 2013 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

Habib Bank Limited

Habib Bank Limited

BRIEF INTRODUCTION: HBL was established in Pakistan in 1947 as the first commercial bank. Over the period, the bank has grown staggeringly to become the largest private sector bank with over 1,500 branches and 830 ATMs across the country and a cust

Published 06 Jun, 2013 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

No raise in sales tax rate in sight

No raise in sales tax rate in sight

The government may not increase sales tax from 16 to 17 percent in Budget (2013-14) toeing the new policy for maintaining existing standard tax rates for business community during the next fiscal year. Sources told Business Recorder here on Wednesd

Published 06 Jun, 2013 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

No raise in sales tax rate in sight

No raise in sales tax rate in sight

The government may not increase sales tax from 16 to 17 percent in Budget (2013-14) toeing the new policy for maintaining existing standard tax rates for business community during the next fiscal year. Sources told Business Recorder here on Wednesd

Published 06 Jun, 2013 12:00am

THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee posted fresh gains against the dollar on the currency market on Wednesday in process of trading, dealers said. Currency experts were of the view that comfortable supply of dollars supported the rupee to look ahead. It is likely that the rupee ma

Published 06 Jun, 2013 12:00am

No raise in sales tax rate in sight

No raise in sales tax rate in sight

The government may not increase sales tax from 16 to 17 percent in Budget (2013-14) toeing the new policy for maintaining existing standard tax rates for business community during the next fiscal year. Sources told Business Recorder here on Wednesd

Published 06 Jun, 2013 12:00am

THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee posted fresh gains against the dollar on the currency market on Wednesday in process of trading, dealers said. Currency experts were of the view that comfortable supply of dollars supported the rupee to look ahead. It is likely that the rupee ma

Published 06 Jun, 2013 12:00am

NRO implementation: case to be taken to its logical conclusion: Supreme Court

NRO implementation: case to be taken to its logical conclusion: Supreme Court

The Supreme Court on Wednesday remarked that the National Reconciliation Ordinance (NRO) implementation case would be taken to its logical conclusion. The three -member bench headed by Chief Justice Iftikhar Mohammad Chaudhry resumed the hearing of the NR

Published 06 Jun, 2013 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

NRO implementation: case to be taken to its logical conclusion: Supreme Court

NRO implementation: case to be taken to its logical conclusion: Supreme Court

The Supreme Court on Wednesday remarked that the National Reconciliation Ordinance (NRO) implementation case would be taken to its logical conclusion. The three -member bench headed by Chief Justice Iftikhar Mohammad Chaudhry resumed the hearing of the NR

Published 06 Jun, 2013 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

Hakeem''s appointment declared illegal, unconstitutional

Hakeem''s appointment declared illegal, unconstitutional

The Islamabad High Court (IHC) on Wednesday declared the appointment of chairman Federal Board of Revenue (FBR) Ali Arshad Hakeem and secretary Revenue Division as illegal and unconstitutional. A single bench of the IHC, comprising Justice Shaukat Aziz Si

Published 06 Jun, 2013 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

Hakeem's appointment declared illegal, unconstitutional

Hakeem's appointment declared illegal, unconstitutional

The Islamabad High Court (IHC) on Wednesday declared the appointment of chairman Federal Board of Revenue (FBR) Ali Arshad Hakeem and secretary Revenue Division as illegal and unconstitutional. A single bench of the IHC, comprising Justice Shaukat Aziz Si

Published 06 Jun, 2013 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

Hakeem's appointment declared illegal, unconstitutional

Hakeem's appointment declared illegal, unconstitutional

The Islamabad High Court (IHC) on Wednesday declared the appointment of chairman Federal Board of Revenue (FBR) Ali Arshad Hakeem and secretary Revenue Division as illegal and unconstitutional. A single bench of the IHC, comprising Justice Shaukat Aziz Si

Published 06 Jun, 2013 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am

Hundreds fall sick in Bangladesh garment factory

Hundreds fall sick in Bangladesh garment factory

Hundreds of employees of a Bangladeshi garment plant near the capital fell ill Wednesday after drinking suspected contaminated water at work, police and factory officials said. The incident follows the collapse of a building housing five garment factories

Published 06 Jun, 2013 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (June 05, 2013)

Published 06 Jun, 2013 12:00am

Obama picks confidante Rice as national security adviser

Obama picks confidante Rice as national security adviser

President Barack Obama chose close confidante Susan Rice as his new national security adviser on Wednesday, increasing White House control over foreign policy and defying Republican critics of her handling of last year's deadly attack on a US compound in

Published 06 Jun, 2013 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (June 05, 2013)

Published 06 Jun, 2013 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 29	277.83
USD PKR Interbank Buying / Oct 29	277.63
USD to Japanese Yen / Oct 29	152.99
USD to Swiss Franc / Oct 29	0.87
Pound Sterling to USD / Oct 29	1.30
Euro to USD / Oct 29	1.08

Stock	Volume
S&P 500 / Oct 29	5,823.92
India Sensex / Oct 29	80,369.03
Tokyo Nikkei / Oct 29	39,390.49
Nasdaq / Oct 29	18,712.75
Hang Seng / Oct 29	20,361.86
FTSE 100 / Oct 29	8,219.61
Dow Jones / Oct 29	42,233.05
Germany DAX 30 / Oct 29	19,478.07

Item	Value
Crude Oil USD/Barrel / Oct 29	67.21
Karachi Cotton PKR/37.32 KG / Oct 29	18,085
Gold 10 Grams PKR / Oct 29	244,342
Gold Spot USD/Ounce / Oct 29	2,755.71
Cotton US¢/pound / Oct 29	70.03
Petrol/Litre / Oct 30	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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