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Print - 2013-06-27
Policeman killed at Super Highway

Policeman killed at Super Highway

A policeman was gunned down at Super Highway in the limits of Sachal police station here on Wednesday. SHO Sachal Ejaz Ahamd told Business Recorder the deceased was identified as Noor Sultan, 38, son of Muhammad Hussain. He was deployed at Aziz Bha
Published 27 Jun, 2013 12:00am
Punjab Assembly passes Rs 897.56 billion budget

Punjab Assembly passes Rs 897.56 billion budget

Punjab Assembly passed Rs 897.56 billion budget for the next fiscal year here on Wednesday. The session was chaired by Speaker Rana Muhammad Iqbal. Chief Minister Punjab Shahbaz Sharif stated that people had given a historic mandate to Pakistan Muslim Lea
Published 27 Jun, 2013 12:00am
Punjab Assembly passes Rs 897.56 billion budget

Punjab Assembly passes Rs 897.56 billion budget

Punjab Assembly passed Rs 897.56 billion budget for the next fiscal year here on Wednesday. The session was chaired by Speaker Rana Muhammad Iqbal. Chief Minister Punjab Shahbaz Sharif stated that people had given a historic mandate to Pakistan Muslim Lea
Published 27 Jun, 2013 12:00am
Karachi blast: conspiracy aimed at destabilising economy: LCCI

Karachi blast: conspiracy aimed at destabilising economy: LCCI

The Lahore Chamber of Commerce and Industry (LCCI) on Wednesday condemned blast in Karachi and termed it a conspiracy aimed at destabilising the economy. The LCCI office-bearers; President Farooq Iftikhar, Senior Vice President Irfan Iqbal Sheikh and Vice
Published 27 Jun, 2013 12:00am
Three killed in roadside IED blast

Three killed in roadside IED blast

At least three persons including member of peace committee was killed along with his son and nephew when a roadside improvised explosive device went off at Zindikhel here on Wednesday, police said. According to spokesman of Hawaid police station, the vehi
Published 27 Jun, 2013 12:00am
CBI holds workshop for Paapam members

CBI holds workshop for Paapam members

A three-day CBI workshop on Process Control for Business Support Organisation (BSOs) was commenced here at the Pakistan Association of Auto-parts and Accessories Manufactures (Paapam) head office on Wednesday. Commercial Secretary, Embassy of The Netherla
Published 27 Jun, 2013 12:00am
CDGL plans to beautify entry, exit points of city

CDGL plans to beautify entry, exit points of city

District Co-ordination Officer Lahore Naseem Sadiq has said that the City District Government Lahore (CDGL) has made a plan to beautify entry and exit points of the provincial capital by planting flowering plants with the help of national and internationa
Published 27 Jun, 2013 12:00am
IT promotion government's top priority: Dastagir

IT promotion government's top priority: Dastagir

On the second day of the 2-day Pak-US Bilateral Business Opportunities Conference in Dubai, Federal Minister for Privatisation, Khurram Dastagir, declared that promotion of IT was top priority of the new government. In an email message, Consulate General
Published 27 Jun, 2013 12:00am
Czechs kidnapped in Pakistan appear in video, make demand

Czechs kidnapped in Pakistan appear in video, make demand

A video message on Wednesday purporting to show two Czech women hostages in Pakistan demanded the release of a Pakistani national jailed in the United States in return for their freedom. Antonie Chrastecka and Hana Humpalova, both 24, were kidnapped in Ma
Published 27 Jun, 2013 12:00am
The Weather

The Weather

The weather report on Wednesday (June 26, 2013) and the forecast for Thursday (June 27, 2013).

Published 27 Jun, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 26, 2013).

Published 27 Jun, 2013 12:00am
Iesco launches customer care centers

Iesco launches customer care centers

To provide better and better facilities to its valued customers, Iesco has launched new state-of-the-art customer care centers in Islamabad, which remain open 24 hours, where the qualified, trained staff deployed and providing number of facilities under o
Published 27 Jun, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 27 Jun, 2013 12:00am
Hyderabad to get Control and Command Centre: Bharoka

Hyderabad to get Control and Command Centre: Bharoka

DIG Hyderabad Region Muhammad Akram Naeem Bharoka has said that the Sindh government has approved establishment of Control and Command Centre in Hyderabad. He said that the project, which would be completed in three months, would cost Rs 250 million under
Published 27 Jun, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 27 Jun, 2013 12:00am
Fake degree case: LHC issues notice to ECP

Fake degree case: LHC issues notice to ECP

The Lahore High Court, here on Wednesday issued notice to Election Commission Pakistan (ECP) in a petition of former MPA Shumaila Rana challenging proceedings against her on charge of possessing fake degree. The court linked the proceedings against the pe
Published 27 Jun, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 26, 2013).

Published 27 Jun, 2013 12:00am
10,000 cusecs of fresh water released into Indus Delta

10,000 cusecs of fresh water released into Indus Delta

About 10,000 cusecs water is being released downstream Kotri Barrage into the Indus Delta region to meet its fresh water requirements after a lapse of nine months, Flood Warning Centre said here on Wednesday. It said 42,868 cusecs water is flowing into th
Published 27 Jun, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (June 26, 2013) and for Thursday (June 27, 2013).
Published 27 Jun, 2013 12:00am
Zardari sends mangoes gift: Imran distributes among, poor destitute

Zardari sends mangoes gift: Imran distributes among, poor destitute

President Asif Ali Zardari's 'mango diplomacy' to win the heart of Pakistan Tehrik-e-Insaf (PTI) chief Imran Khan could not work, as the latter distributed about 40 crates of popular Sindhi mangoes, sent by him among poor and destitute. An official at PTI
Published 27 Jun, 2013 12:00am
Allied Bank Limited

Allied Bank Limited

Allied Bank started its operations in Lahore independence in 1942 under the name of Australasia Bank. It became Allied Bank of Pakistan in 1974. In August 2004, because of capital reconstruction, the bank's ownership was transferred to a consortium compri
Published 27 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 26, 2013).

Published 27 Jun, 2013 12:00am
Allied Bank Limited

Allied Bank Limited

Allied Bank started its operations in Lahore independence in 1942 under the name of Australasia Bank. It became Allied Bank of Pakistan in 1974. In August 2004, because of capital reconstruction, the bank's ownership was transferred to a consortium compri
Published 27 Jun, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 26, 2013).

Published 27 Jun, 2013 12:00am
Auction of MTBs: cut-off yields dip by 27-30 basis points

Auction of MTBs: cut-off yields dip by 27-30 basis points

Following the dip in the key policy rate, the cut-off yield of Market Treasury Bills (MTBs) was reduced by 27-30 basis points in the auction held on Wednesday. The State Bank of Pakistan (SBP) auctioned 3-month, 6-month & 12-month government of Pakistan M
Published 27 Jun, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 26, 2013).

Published 27 Jun, 2013 12:00am
Auction of MTBs: cut-off yields dip by 27-30 basis points

Auction of MTBs: cut-off yields dip by 27-30 basis points

Following the dip in the key policy rate, the cut-off yield of Market Treasury Bills (MTBs) was reduced by 27-30 basis points in the auction held on Wednesday. The State Bank of Pakistan (SBP) auctioned 3-month, 6-month & 12-month government of Pakistan M
Published 27 Jun, 2013 12:00am
Auction of MTBs: cut-off yields dip by 27-30 basis points

Auction of MTBs: cut-off yields dip by 27-30 basis points

Following the dip in the key policy rate, the cut-off yield of Market Treasury Bills (MTBs) was reduced by 27-30 basis points in the auction held on Wednesday. The State Bank of Pakistan (SBP) auctioned 3-month, 6-month & 12-month government of Pakistan M
Published 27 Jun, 2013 12:00am
Auction of MTBs: cut-off yields dip by 27-30 basis points

Auction of MTBs: cut-off yields dip by 27-30 basis points

Following the dip in the key policy rate, the cut-off yield of Market Treasury Bills (MTBs) was reduced by 27-30 basis points in the auction held on Wednesday. The State Bank of Pakistan (SBP) auctioned 3-month, 6-month & 12-month government of Pakistan M
Published 27 Jun, 2013 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

The rupee gained versus the dollar on the interbank market, however, it shed modestly on the open market on Wednesday in the process of trading, dealers said. The rupee gave up vulnerability in relation to the dollar, recovered eight paisa for buying and
Published 27 Jun, 2013 12:00am
''Contaminated'' rice: Mexico stops shipment from Pakistan

''Contaminated'' rice: Mexico stops shipment from Pakistan

Mexican customs officials have quarantined 3,000 tonnes of rice from Pakistan after they discovered that the shipment was contaminated by a tiny beetle that destroys grain products, officials said Tuesday. A customs official in the Gulf of Mexico port cit
Published 27 Jun, 2013 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

The rupee gained versus the dollar on the interbank market, however, it shed modestly on the open market on Wednesday in the process of trading, dealers said. The rupee gave up vulnerability in relation to the dollar, recovered eight paisa for buying and
Published 27 Jun, 2013 12:00am
'Contaminated' rice: Mexico stops shipment from Pakistan

'Contaminated' rice: Mexico stops shipment from Pakistan

Mexican customs officials have quarantined 3,000 tonnes of rice from Pakistan after they discovered that the shipment was contaminated by a tiny beetle that destroys grain products, officials said Tuesday. A customs official in the Gulf of Mexico port cit
Published 27 Jun, 2013 12:00am
'Contaminated' rice: Mexico stops shipment from Pakistan

'Contaminated' rice: Mexico stops shipment from Pakistan

Mexican customs officials have quarantined 3,000 tonnes of rice from Pakistan after they discovered that the shipment was contaminated by a tiny beetle that destroys grain products, officials said Tuesday. A customs official in the Gulf of Mexico port cit
Published 27 Jun, 2013 12:00am
Pepco chief asked to provide distribution details

Pepco chief asked to provide distribution details

The Supreme Court on Wednesday directed Pepco Managing Director Zargham Eshaq Khan to submit area-wise equitable power distribution details to all categories of consumers throughout the country and also asked Chief Executive Officers of the Discos to rema
Published 27 Jun, 2013 12:00am
Pepco chief asked to provide distribution details

Pepco chief asked to provide distribution details

The Supreme Court on Wednesday directed Pepco Managing Director Zargham Eshaq Khan to submit area-wise equitable power distribution details to all categories of consumers throughout the country and also asked Chief Executive Officers of the Discos to rema
Published 27 Jun, 2013 12:00am
Pepco chief asked to provide distribution details

Pepco chief asked to provide distribution details

The Supreme Court on Wednesday directed Pepco Managing Director Zargham Eshaq Khan to submit area-wise equitable power distribution details to all categories of consumers throughout the country and also asked Chief Executive Officers of the Discos to rema
Published 27 Jun, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 26, 2013).

Published 27 Jun, 2013 12:00am
Rudd returns as Australian Prime Minister after toppling Gillard

Rudd returns as Australian Prime Minister after toppling Gillard

Kevin Rudd returned as Australian prime minister on Wednesday, executing a stunning party room coup on Julia Gillard almost three years to the day after being ousted by his former deputy and less than three months out from a general election.
Published 27 Jun, 2013 12:00am
Rudd returns as Australian Prime Minister after toppling Gillard

Rudd returns as Australian Prime Minister after toppling Gillard

Kevin Rudd returned as Australian prime minister on Wednesday, executing a stunning party room coup on Julia Gillard almost three years to the day after being ousted by his former deputy and less than three months out from a general election.
Published 27 Jun, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jun, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jun, 2013 12:00am
Urea import tender: TCP seeks bid evaluators'' explanation

Urea import tender: TCP seeks bid evaluators'' explanation

Trading Cor-poration of Pakistan (TCP) on Wednesday sought explanation from members of the bid evaluation committee on their failure to evaluate urea import bids on merit. Source told Business Recorder on Thursday that the TCP management took stric
Published 27 Jun, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 Jun, 2013 12:00am
Urea import tender: TCP seeks bid evaluators' explanation

Urea import tender: TCP seeks bid evaluators' explanation

Trading Cor-poration of Pakistan (TCP) on Wednesday sought explanation from members of the bid evaluation committee on their failure to evaluate urea import bids on merit. Source told Business Recorder on Thursday that the TCP management took stric
Published 27 Jun, 2013 12:00am
Urea import tender: TCP seeks bid evaluators' explanation

Urea import tender: TCP seeks bid evaluators' explanation

Trading Cor-poration of Pakistan (TCP) on Wednesday sought explanation from members of the bid evaluation committee on their failure to evaluate urea import bids on merit. Source told Business Recorder on Thursday that the TCP management took stric
Published 27 Jun, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Jun, 2013 12:00am
Singh opens India''s biggest rail tunnel in IHK

Singh opens India''s biggest rail tunnel in IHK

Indian Prime Minister Manmohan Singh on Wednesday opened the country''s longest railway tunnel during a rare visit to troubled Indian held Kashmir, which has been marred by one of the deadliest militant attacks on soldiers in years. Singh inaugurated a st
Published 27 Jun, 2013 12:00am
Singh opens India's biggest rail tunnel in IHK

Singh opens India's biggest rail tunnel in IHK

Indian Prime Minister Manmohan Singh on Wednesday opened the country's longest railway tunnel during a rare visit to troubled Indian held Kashmir, which has been marred by one of the deadliest militant attacks on soldiers in years. Singh inaugurated a str
Published 27 Jun, 2013 12:00am
Singh opens India's biggest rail tunnel in IHK

Singh opens India's biggest rail tunnel in IHK

Indian Prime Minister Manmohan Singh on Wednesday opened the country's longest railway tunnel during a rare visit to troubled Indian held Kashmir, which has been marred by one of the deadliest militant attacks on soldiers in years. Singh inaugurated a str
Published 27 Jun, 2013 12:00am
Polish PGNiG starts gas production in Kirthar

Polish PGNiG starts gas production in Kirthar

Polish gas distribution monopoly PGNiG said on Wednesday it had started gas production at its Kirthar concession, the company''s second overseas production site. PGNiG, which sold 14.7 billion cubic metres of gas to end users in 2012, most of it from Russ
Published 27 Jun, 2013 12:00am
Polish PGNiG starts gas production in Kirthar

Polish PGNiG starts gas production in Kirthar

Polish gas distribution monopoly PGNiG said on Wednesday it had started gas production at its Kirthar concession, the company's second overseas production site. PGNiG, which sold 14.7 billion cubic metres of gas to end users in 2012, most of it from Russi
Published 27 Jun, 2013 12:00am
Polish PGNiG starts gas production in Kirthar

Polish PGNiG starts gas production in Kirthar

Polish gas distribution monopoly PGNiG said on Wednesday it had started gas production at its Kirthar concession, the company's second overseas production site. PGNiG, which sold 14.7 billion cubic metres of gas to end users in 2012, most of it from Russi
Published 27 Jun, 2013 12:00am
Tariq Mahmood appointed CEO of ABL

Tariq Mahmood appointed CEO of ABL

The Board of Directors of Allied Bank has appointed Tariq Mahmood as the Chief Executive Officer of the Bank, effective June 17, 2013, subject to all the statutory approvals from the State Bank of Pakistan. Tariq Mahmood is amongst one of the senior most
Published 27 Jun, 2013 12:00am
Tariq Mahmood appointed CEO of ABL

Tariq Mahmood appointed CEO of ABL

The Board of Directors of Allied Bank has appointed Tariq Mahmood as the Chief Executive Officer of the Bank, effective June 17, 2013, subject to all the statutory approvals from the State Bank of Pakistan. Tariq Mahmood is amongst one of the senior most
Published 27 Jun, 2013 12:00am
Tariq Mahmood appointed CEO of ABL

Tariq Mahmood appointed CEO of ABL

The Board of Directors of Allied Bank has appointed Tariq Mahmood as the Chief Executive Officer of the Bank, effective June 17, 2013, subject to all the statutory approvals from the State Bank of Pakistan. Tariq Mahmood is amongst one of the senior most
Published 27 Jun, 2013 12:00am
Gold nosedives

Gold nosedives

Gold prices nose-dived by Rs 2,300 per tola to 26-month low level of Rs 47,500, traders said Wednesday. Prices of gold per 10 gram slumped by Rs 1,971 to Rs 40,744, traders said, adding that the continuous fall in the yellow metal value shows a persistent
Published 27 Jun, 2013 12:00am
Gold nosedives

Gold nosedives

Gold prices nose-dived by Rs 2,300 per tola to 26-month low level of Rs 47,500, traders said Wednesday. Prices of gold per 10 gram slumped by Rs 1,971 to Rs 40,744, traders said, adding that the continuous fall in the yellow metal value shows a persistent
Published 27 Jun, 2013 12:00am
Gold nosedives

Gold nosedives

Gold prices nose-dived by Rs 2,300 per tola to 26-month low level of Rs 47,500, traders said Wednesday. Prices of gold per 10 gram slumped by Rs 1,971 to Rs 40,744, traders said, adding that the continuous fall in the yellow metal value shows a persistent
Published 27 Jun, 2013 12:00am
Riots in Xinjiang region kill 27

Riots in Xinjiang region kill 27

Riots in China's ethnically divided Xinjiang region on Wednesday left 27 people dead, according to state media which said police opened fire on "knife-wielding mobs". It was the deadliest spasm of violence to hit the troubled western region since 2009. Xi
Published 27 Jun, 2013 12:00am
Riots in Xinjiang region kill 27

Riots in Xinjiang region kill 27

Riots in China's ethnically divided Xinjiang region on Wednesday left 27 people dead, according to state media which said police opened fire on "knife-wielding mobs". It was the deadliest spasm of violence to hit the troubled western region since 2009. Xi
Published 27 Jun, 2013 12:00am
Buyers seek wheat imports from Black Sea

Buyers seek wheat imports from Black Sea

Buyers in Pakistan, in past years a wheat exporter, are holding talks about imports of wheat from the Black Sea region, European traders said on Wednesday. "Pakistan has been a wheat exporter for several seasons, but there is belief the country''s crop th
Published 27 Jun, 2013 12:00am
Buyers seek wheat imports from Black Sea

Buyers seek wheat imports from Black Sea

Buyers in Pakistan, in past years a wheat exporter, are holding talks about imports of wheat from the Black Sea region, European traders said on Wednesday. "Pakistan has been a wheat exporter for several seasons, but there is belief the country's crop thi
Published 27 Jun, 2013 12:00am
Buyers seek wheat imports from Black Sea

Buyers seek wheat imports from Black Sea

Buyers in Pakistan, in past years a wheat exporter, are holding talks about imports of wheat from the Black Sea region, European traders said on Wednesday. "Pakistan has been a wheat exporter for several seasons, but there is belief the country's crop thi
Published 27 Jun, 2013 12:00am
ECC may approve Rs 2 billion Ramazan package today

ECC may approve Rs 2 billion Ramazan package today

The Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Thursday (today) will approve Rs 2 billion Ramazan package, as Finance Minister Ishaq Dar has already made the announcement in his budget speech, sources in the Financ
Published 27 Jun, 2013 12:00am
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