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Print - 2013-06-29
Poor English saved Japan bankers from Lehman

Poor English saved Japan bankers from Lehman

Japan's banks emerged from the 2008 global credit crisis largely unscathed because senior employees did not speak English well enough to have got them into trouble, the country's finance minister said Friday.
Published 29 Jun, 2013 12:00am
US military computers block access to leak websites

US military computers block access to leak websites

The US Defence Department blocks internet access for all members of the military to websites that publish illegally leaked material, an official confirmed Friday. Colonel Damien Pickart, press officer for the secretary of defence, said the filter was now
Published 29 Jun, 2013 12:00am
Punjab government urged to extend a helping hand to meat sector

Punjab government urged to extend a helping hand to meat sector

Standing Committee on Halal Meat Export of the Lahore Chamber of Commerce and Industry (LCCI) Naseeb Ahmad Saifi urged the Punjab Government to help the meat exporting industry to overcome energy shortage problem through extending a 50 percent subsidy for
Published 29 Jun, 2013 12:00am
Acid thrown on girl, her mother

Acid thrown on girl, her mother

Relatives threw acid on a girl and her mother over a marriage dispute here on Friday. According to reports, three people entered the house of a girl, Aalia, and threw acid on her and her mother, Safia Bibi, as she had refused to marry against her wish. Th
Published 29 Jun, 2013 12:00am
25 special Ramazan Bazaars to be set up in Faisalabad

25 special Ramazan Bazaars to be set up in Faisalabad

More than 25 special Ramazan Bazaars would be set up in the district under the arrangements of city district government in order to provide essential commodities to the consumers on specially reduced price during the holy month of Ramazan.
Published 29 Jun, 2013 12:00am
LCCI Shopping Festival from August 17

LCCI Shopping Festival from August 17

Nine-day LCCI Shopping Festival-2013 will start from August 17 to 26, 2013. The LCCI President, Farooq Iftikhar revealed this while addressing a press conference here at the Lahore Chamber of Commerce and Industry along with Senior Vice President, Irfan I
Published 29 Jun, 2013 12:00am
APTMA rejects PEW report on CPPs

APTMA rejects PEW report on CPPs

The All Pakistan Textile Mills Association (APTMA) spokesman has rebuffed the report of Pakistan Economy Watch (PEW), appeared in a section of press which carrying a false and baseless impression that influential lobby of the owners of Captive Power Plant
Published 29 Jun, 2013 12:00am
Measles: LHC seeks reply from Punjab government

Measles: LHC seeks reply from Punjab government

The Lahore High Court on Friday sought reply from the Punjab government till July 10 in an application praying to find out the reason of failure of the government to control the measles epidemic. Chairman Judicial Activism Panel (JAP) Muhammad Azhar Siddi
Published 29 Jun, 2013 12:00am
Call to save cotton from pest attacks

Call to save cotton from pest attacks

Former Speaker of National Assembly and a leader of PML-N Syed Fakhar Imam stressed upon the Federal as well as Provincial Governments to hold a National Conference to evolve a strategy to save the cotton from the ravages of pest attacks and diseases whic
Published 29 Jun, 2013 12:00am
Three killed in roof collapse in Tank

Three killed in roof collapse in Tank

At least three persons of a family were killed and four others sustained injuries when roof of a house collapsed due to heavy rain in Tank on Friday morning. The tragic incident took place in Umar Ada area where three people including a woman and two chil
Published 29 Jun, 2013 12:00am
Tusdec urged to work on new, innovative projects

Tusdec urged to work on new, innovative projects

Federal Secretary Ministry of Production Sajjad Saleem Hotiana has urged the Technology Upgradation and Skill Development Company (Tusdec) to work on new and innovative projects relevant to transmutation of contemporary technology.
Published 29 Jun, 2013 12:00am
APBUMA, TDAP organise seminar on textile sector

APBUMA, TDAP organise seminar on textile sector

Textile sector complied with different international obligations, like ISO Certifications, produce and export quality product and ensure timely exports, consequently the exports of all other textile materials increased from $158.251 million to $248.144 mi
Published 29 Jun, 2013 12:00am
Punjab government, Turkish firm to cooperate in electricity projects

Punjab government, Turkish firm to cooperate in electricity projects

Punjab government and a Turk company have on Thursday agreed to cooperate in power generation projects from solid waste in Lahore, Faisalabad, Multan, Gujranwala and Rawalpindi. The agreement was reached during a meeting between Punjab Chief Minister Muha
Published 29 Jun, 2013 12:00am
Urea price may go up by Rs 250 per bag

Urea price may go up by Rs 250 per bag

Urea price is likely to go up by Rs 250 per bag, as the federal government is considering to increase gas tariff for fertiliser sector. Industry sources told Business Recorder on Friday that a proposal was being discussed to eliminate the price gap
Published 29 Jun, 2013 12:00am
Afaq's petition: interior ministry given 10 more days

Afaq's petition: interior ministry given 10 more days

The Sindh High Court (SHC) on Friday for the last time gave 10 more days to the interior ministry to place on record details of the involvement of the chairman of Mohajir Qaumi Movement-Haqiqi (MQM-H), Afaq Ahmed, in terrorist activities to justify its mo
Published 29 Jun, 2013 12:00am
Pakistan Capital Markets Conference on July 3

Pakistan Capital Markets Conference on July 3

Lahore Stock Exchange (LSE) in collaboration with Karachi Stock Exchange (KSE) and Islamabad Stock Exchange (ISE) has scheduled to hold Pakistan Capital Markets Conference on July 03, 2013 in the federal capital.
Published 29 Jun, 2013 12:00am
Pakistan Capital Markets Conference on July 3

Pakistan Capital Markets Conference on July 3

Lahore Stock Exchange (LSE) in collaboration with Karachi Stock Exchange (KSE) and Islamabad Stock Exchange (ISE) has scheduled to hold Pakistan Capital Markets Conference on July 03, 2013 in the federal capital.
Published 29 Jun, 2013 12:00am
JI chief criticises government policies

JI chief criticises government policies

Ameer, Jamaat-i-Islami, Munawar Hasan, has said that the masses won't allow a "democratic dictatorship enjoying the support of numerical majority", to function. Addressing a Friday congregation at Mansoora, he said that the newly-elected government had ta
Published 29 Jun, 2013 12:00am
IP gas pipeline project to be completed on time: Senate body told

IP gas pipeline project to be completed on time: Senate body told

The Secretary Ministry of Petroleum and Natural resources Friday informed the committee on Petroleum and Natural Resources that Pakistan-Iran Gas Pipeline Project would complete within the stipulated period of December 2014. The meeting was held here at t
Published 29 Jun, 2013 12:00am
Psychological problems on the rise: PU

Psychological problems on the rise: PU

Punjab University Vice Chancellor Professor Dr Mujahid Kamran has said that increase in difficulties of people is affecting their hearts and minds due to which psychological problems are on the rise. He was addressing the inaugural ceremony of new buildin
Published 29 Jun, 2013 12:00am
Pakistan, China time-tested friends: Sadiq

Pakistan, China time-tested friends: Sadiq

Speaker National Assembly Sardar Ayaz Sadiq has said that Pakistan and China are not only neighbours, but time-tested and all-weather friends.
Published 29 Jun, 2013 12:00am
Planning Commission's Member Energy resigns

Planning Commission's Member Energy resigns

Planning Commission's Member Energy Shahid Sattar has resigned after feeling 'uncomfortable' with the new government, well-informed sources told Business Recorder. Sattar who was very close to former Deputy Chairman Planning Commission, Dr Nadeem u
Published 29 Jun, 2013 12:00am
Punjab to arrange moot on health sector reforms

Punjab to arrange moot on health sector reforms

With the objective to improving health outcomes by ensuring quality and equity in health service delivery, the provincial health department is holding a two-day Punjab Health Sector Reforms Conference on July 2-3.
Published 29 Jun, 2013 12:00am
Monsoon rains to continue in upper areas

Monsoon rains to continue in upper areas

Current Monsoon rains would continue in upper parts of the country during next 2 to 3 days. Rain-thundershowers with gusty winds are expected at scattered places of Islamabad, Upper, Central Punjab, KP, Kashmir, Gilgit-Baltistan while at isolated places o
Published 29 Jun, 2013 12:00am
WHT exemption certificate: new online payment system from July 1

WHT exemption certificate: new online payment system from July 1

The Federal Board of Revenue from July 1, 2013 will introduce a new online system pertaining to issuance of withholding tax exemptions certificates on payments made to the non-residents under various heads of income, facilitating foreign investors. In thi
Published 29 Jun, 2013 12:00am
Tehmina's fourth book launching today

Tehmina's fourth book launching today

Tehmina Durrani, best-selling author and activist, will launch her fourth book, Happy Things in Sorrow Times, at the Pakistan National Council of Arts in Islamabad on Saturday (today). Ms Durrani's latest thought-provoking book, published and distributed
Published 29 Jun, 2013 12:00am
CIA arrests three TTP suspects involved in extortion

CIA arrests three TTP suspects involved in extortion

Three suspects, claiming to be Taliban and involved in extortion, were arrested by the Crime Investigation Agency (CIA) of capital police on Friday. The CIA police received tip off that a group of outlaws, claiming to be affiliates of Tehrik-e-Taliban Pak
Published 29 Jun, 2013 12:00am
Under YES programme: 108 Pakistani students to study in US for one year

Under YES programme: 108 Pakistani students to study in US for one year

As many as 108 Pakistani students will depart for United States in August 2013 for one-year study under the Kennedy-Lugar Youth Exchange and Study (YES) programme. The US Deputy Chief of Mission Ambassador Richard E. Hoagland was the chief guest at the ge
Published 29 Jun, 2013 12:00am
The Weather

The Weather

The weather report on Friday (June 28, 2013) and the forecast for Saturday (June 29, 2013).

Published 29 Jun, 2013 12:00am
WWF organises ECO Internship

WWF organises ECO Internship

World Wildlife Federation (WWF) and Department of Environmental Sciences jointly organised ECO Internship for one week at Faiz Ahmad Faiz Hall, GC University Faisalabad. The Internship consisted of hands on theoretical and practical training regarding var
Published 29 Jun, 2013 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 29 Jun, 2013 12:00am
Cash recovery against NPLs down 38 percent

Cash recovery against NPLs down 38 percent

The banking sector''s cash recovery against Non-Performing Loans (NPLs) posted a notable decline of 38 percent during the first quarter of Calendar Year 2013 as compared to previous quarter. Sources in banking sector told Business Recorder on Frida
Published 29 Jun, 2013 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 29 Jun, 2013 12:00am
Cash recovery against NPLs down 38 percent

Cash recovery against NPLs down 38 percent

The banking sector's cash recovery against Non-Performing Loans (NPLs) posted a notable decline of 38 percent during the first quarter of Calendar Year 2013 as compared to previous quarter. Sources in banking sector told Business Recorder on Friday
Published 29 Jun, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 28, 2013).

Published 29 Jun, 2013 12:00am
Cash recovery against NPLs down 38 percent

Cash recovery against NPLs down 38 percent

The banking sector's cash recovery against Non-Performing Loans (NPLs) posted a notable decline of 38 percent during the first quarter of Calendar Year 2013 as compared to previous quarter. Sources in banking sector told Business Recorder on Friday
Published 29 Jun, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 28, 2013).

Published 29 Jun, 2013 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 29 Jun, 2013 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 29 Jun, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 28, 2013).

Published 29 Jun, 2013 12:00am
RTO Karachi contemplating seizing KESC bank accounts

RTO Karachi contemplating seizing KESC bank accounts

Regional Tax Office-II (RTO) Karachi is contemplating seizing the bank accounts of M/s. Karachi Electric Supply Corporation Ltd. for the recovery of "admitted tax liability" amounting to Rs 1.4 billion. Official sources told Business Recorder here
Published 29 Jun, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (June 28, 2013) and for Saturday (June 29, 2013).
Published 29 Jun, 2013 12:00am
RTO Karachi contemplating seizing KESC bank accounts

RTO Karachi contemplating seizing KESC bank accounts

Regional Tax Office-II (RTO) Karachi is contemplating seizing the bank accounts of M/s. Karachi Electric Supply Corporation Ltd. for the recovery of "admitted tax liability" amounting to Rs 1.4 billion. Official sources told Business Recorder here
Published 29 Jun, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (June 28, 2013).

Published 29 Jun, 2013 12:00am
RTO Karachi contemplating seizing KESC bank accounts

RTO Karachi contemplating seizing KESC bank accounts

Regional Tax Office-II (RTO) Karachi is contemplating seizing the bank accounts of M/s. Karachi Electric Supply Corporation Ltd. for the recovery of "admitted tax liability" amounting to Rs 1.4 billion. Official sources told Business Recorder here
Published 29 Jun, 2013 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including Public Debt Offices, will remain closed for public dealing on Monday, July 1, 2013, which has been declared as bank holiday.
Published 29 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 Friday (June 28, 2013).

Published 29 Jun, 2013 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including Public Debt Offices, will remain closed for public dealing on Monday, July 1, 2013, which has been declared as bank holiday.
Published 29 Jun, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 28, 2013).

Published 29 Jun, 2013 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including Public Debt Offices, will remain closed for public dealing on Monday, July 1, 2013, which has been declared as bank holiday.
Published 29 Jun, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 28, 2013).

Published 29 Jun, 2013 12:00am
Cameron due today

Cameron due today

British Prime Minister David Cameron will arrive on Saturday (today) on one-day official visit to hold wide ranging talks with Pakistani leadership, Aaj News reported late Friday. During his stay‚ Cameron will hold talks with Prime Minister Nawaz Sharif o
Published 29 Jun, 2013 12:00am
Cameron due today

Cameron due today

British Prime Minister David Cameron will arrive on Saturday (today) on one-day official visit to hold wide ranging talks with Pakistani leadership, Aaj News reported late Friday. During his stay‚ Cameron will hold talks with Prime Minister Nawaz Sharif o
Published 29 Jun, 2013 12:00am
Policy level talks with IMF begins

Policy level talks with IMF begins

Policy level discussions are reported to have started between representatives of the International Monetary Fund (IMF) and the country''s economic team here on Friday on the modalities of an expected new programme. Sources said that the IMF delegation, le
Published 29 Jun, 2013 12:00am
THE RUPEE: upward trend

THE RUPEE: upward trend

The dollar crossed the barrier of Rs 99 easily versus the rupee on Friday due to major payments to the International Monetary Fund (IMF), dealers said at inter-bank market.
Published 29 Jun, 2013 12:00am
Policy level talks with IMF begins

Policy level talks with IMF begins

Policy level discussions are reported to have started between representatives of the International Monetary Fund (IMF) and the country's economic team here on Friday on the modalities of an expected new programme. Sources said that the IMF delegation, led
Published 29 Jun, 2013 12:00am
THE RUPEE: upward trend

THE RUPEE: upward trend

The dollar crossed the barrier of Rs 99 easily versus the rupee on Friday due to major payments to the International Monetary Fund (IMF), dealers said at inter-bank market.
Published 29 Jun, 2013 12:00am
Policy level talks with IMF begins

Policy level talks with IMF begins

Policy level discussions are reported to have started between representatives of the International Monetary Fund (IMF) and the country's economic team here on Friday on the modalities of an expected new programme. Sources said that the IMF delegation, led
Published 29 Jun, 2013 12:00am
Opec pumps less oil in June on Africa setbacks

Opec pumps less oil in June on Africa setbacks

Opec crude output has fallen in June due to disruptions in Libya and Nigeria, a Reuters survey found on Friday, inadvertently bringing supply closer to the organisation's target. Supply from the Organisation of the Petroleum Exporting Countries has averag
Published 29 Jun, 2013 12:00am
Salman Butt apologises for spot-fixing

Salman Butt apologises for spot-fixing

Former Pakistan cricket captain Salman Butt has for the first time publicly apologised for spot-fixing, two years after he was found guilty of the offence. Salman, along with fast bowlers Mohammad Asif and Mohammad Aamer, was banned from the sport by the
Published 29 Jun, 2013 12:00am
UK asks banks to tender for role in Lloyds, RBS sales

UK asks banks to tender for role in Lloyds, RBS sales

Britain kicked off the process of appointing advisors for a sale of its shares in Lloyds Banking Group and Royal Bank of Scotland, asking investment banks to submit proposals by July 8.
Published 29 Jun, 2013 12:00am
South Africa's Mandela improving as Obama flies in

South Africa's Mandela improving as Obama flies in

South Africa's ailing anti-apartheid hero Nelson Mandela is doing much better in hospital, his ex-wife Winnie said on Friday before a visit by US President Barack Obama that will include a personal homage to the globally admired statesman.
Published 29 Jun, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (June 28, 2013).

Published 29 Jun, 2013 12:00am
Barclays says may have to cut lending to hit watchdog's target early

Barclays says may have to cut lending to hit watchdog's target early

Barclays may have to cut lending if it is forced to act quickly to meet a new financial strength target imposed by Britain's financial watchdog, the bank said on Friday. The Prudential Regulation Authority (PRA) last week surprised investors by telling ba
Published 29 Jun, 2013 12:00am
ISE index sheds 23.65 points

ISE index sheds 23.65 points

Equities moved in downward direction at the Islamabad Stock Exchange (ISE) where equities witnessed losses amid decrease in index on Friday. ISE Ten Index showed a decrease of 23.65 points as the ISE Ten Index moved from 3,912.64 to 3,888.99 points.
Published 29 Jun, 2013 12:00am
ISE index sheds 23.65 points

ISE index sheds 23.65 points

Equities moved in downward direction at the Islamabad Stock Exchange (ISE) where equities witnessed losses amid decrease in index on Friday. ISE Ten Index showed a decrease of 23.65 points as the ISE Ten Index moved from 3,912.64 to 3,888.99 points.
Published 29 Jun, 2013 12:00am
LSE index marginally falls

LSE index marginally falls

Equities moved both ways on the Lahore Stock Exchange on Friday and finally ended in negative zone amid decreased trading turnover. The LSE-25 index was marginally declined by 3.52 points and was ended at 4365.52 against 4369.04 of Thursday while transact
Published 29 Jun, 2013 12:00am
LSE index marginally falls

LSE index marginally falls

Equities moved both ways on the Lahore Stock Exchange on Friday and finally ended in negative zone amid decreased trading turnover. The LSE-25 index was marginally declined by 3.52 points and was ended at 4365.52 against 4369.04 of Thursday while transact
Published 29 Jun, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Jun, 2013 12:00am
Petitions against Musharraf: hearing adjourned till July 3

Petitions against Musharraf: hearing adjourned till July 3

The Supreme Court on Friday adjourned the hearing of identical petitions seeking high treason trial of former President and army chief General Pervez Musharraf till July 03. A 3-judge bench of the apex court headed by Justice Jawwad S Khawaja and comprisi
Published 29 Jun, 2013 12:00am
Petitions against Musharraf: hearing adjourned till July 3

Petitions against Musharraf: hearing adjourned till July 3

The Supreme Court on Friday adjourned the hearing of identical petitions seeking high treason trial of former President and army chief General Pervez Musharraf till July 03. A 3-judge bench of the apex court headed by Justice Jawwad S Khawaja and comprisi
Published 29 Jun, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Jun, 2013 12:00am
Gas and POL prices to go up from July 1

Gas and POL prices to go up from July 1

The government is set to increase price of natural gas and petroleum products from July 1, 2013 which will fuel inflation in the country in the wake of a one percent increase in GST (from 16 to 17 percent). Insiders in the Oil and Gas Regulatory Authority
Published 29 Jun, 2013 12:00am
Gas and POL prices to go up from July 1

Gas and POL prices to go up from July 1

The government is set to increase price of natural gas and petroleum products from July 1, 2013 which will fuel inflation in the country in the wake of a one percent increase in GST (from 16 to 17 percent). Insiders in the Oil and Gas Regulatory Authority
Published 29 Jun, 2013 12:00am
Gas and POL prices to go up from July 1

Gas and POL prices to go up from July 1

The government is set to increase price of natural gas and petroleum products from July 1, 2013 which will fuel inflation in the country in the wake of a one percent increase in GST (from 16 to 17 percent). Insiders in the Oil and Gas Regulatory Authority
Published 29 Jun, 2013 12:00am
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