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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-10-12
National Assembly body seeks Afghan DPs repatriation

National Assembly body seeks Afghan DPs repatriation

The National Assembly Standing Committee on states and frontier regions on Wednesday expressed concerns over the presence of 2.4 million Afghan refugees in Pakistan, and asked for their immediate repatriation. The committee met here with Sardar Fateh Moha
Published 12 Oct, 2006 12:00am
AJK president lauds journalists' role

AJK president lauds journalists' role

President of Azad Jammu Kashmir, Raja Zulqarnain Khan has lauded the role of journalist in highlighting the agonies of the affectees of October 8, 2005 devastating earthquake and arousing global financial support for them.
Published 12 Oct, 2006 12:00am
Support voiced for Pak-Afghan tribal talks

Support voiced for Pak-Afghan tribal talks

More than 2,000 people voiced support here on Wednesday for a government plan for talks between tribes on both sides of the Afghan-Pakistan border aimed at ending the Taliban insurgency.
Published 12 Oct, 2006 12:00am
Pakistan ready to extend cooperation to India: foreign office

Pakistan ready to extend cooperation to India: foreign office

Foreign Office Spokesperson Tasneem Aslam has said that Pakistan was ready to extend co-operation to India for investigations into Mumbai blasts. Talking to PTV here on Wednesday she said India has been misusing this unfortunate incident and irresponsibly
Published 12 Oct, 2006 12:00am
Minister hails tribunal's decision

Minister hails tribunal's decision

NWFP minister for information technology Hussain Ahmad Kanju, while hailing the decision of the arbitration tribunal on net hydel profit, greeted Chief Minister Akram Khan Durrani and Minister Siraj-ul-Haq for successfully pleading the case.
Published 12 Oct, 2006 12:00am
PML-N to observe 'black day' today

PML-N to observe 'black day' today

Pakistan Muslim League (Nawaz) will observe October 12 as the black day to mark the military take-over on the same day in 1999, but neither Nawaz Sharif nor Shahbaz will be speaking to the protest meetings across the country.
Published 12 Oct, 2006 12:00am
Hydel net profit: PML claims credit for tribunal decision

Hydel net profit: PML claims credit for tribunal decision

The ruling Pakistan Muslim League (PML-Q) has also claimed credit for the resolution of the longstanding dispute between Wapda and NWFP government over 'net profit' on hydropower generation through Arbitration Tribunal.
Published 12 Oct, 2006 12:00am
Telecentres in remote areas to be established

Telecentres in remote areas to be established

The government is working on a plan to extend telecommunication services to remote areas through model Telecentres where multi-services would be offered at one place.
Published 12 Oct, 2006 12:00am
CDA to expand Kashmir Highway

CDA to expand Kashmir Highway

The Capital Development Authority (CDA) has planned to construct additional third and fourth lanes on Kashmir Highway, costing Rs 2,149.087 million.
Published 12 Oct, 2006 12:00am
National Assembly body takes notice of KESC official's absence

National Assembly body takes notice of KESC official's absence

A meeting of the sub-committee of Standing Committee on Local Government and Rural Development was held here on Wednesday at Parliament House here under the chairmanship of National Assembly member Iqbal Mohammad Ali Khan.
Published 12 Oct, 2006 12:00am
Repatriation of Afghan refugees discussed

Repatriation of Afghan refugees discussed

A high level meeting here on Wednesday discussed plan for repatriation of Afghan refugees from Kacha Garhi and Jalozai camps and took certain decisions in this regard.
Published 12 Oct, 2006 12:00am
Rs 250 million released for Gender Reform Action Plan

Rs 250 million released for Gender Reform Action Plan

The women development ministry has released Rs 250 million out of the total allocated amount of Rs 418.563 million for Gender Reform Action Plan (Grap). Sources told Business Recorder on Wednesday the amount was transferred to 111 districts and Rs
Published 12 Oct, 2006 12:00am
Nazim warns traders against profiteering

Nazim warns traders against profiteering

City District Nazim, Raja Javed Ikhlas has asked the traders to sell edible commodities on reasonable prices and avoid illegal profiteering and hoarding during the holy month of Ramazan.
Published 12 Oct, 2006 12:00am
AJKU decision puts hundreds of students' future in limbo

AJKU decision puts hundreds of students' future in limbo

The Azad Jammu and Kashmir (AJK) University has put endanger the future of hundreds of earthquake affected students by refusing to announce their graduation results due to the non-payment of fee.
Published 12 Oct, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (October 11, 2006) and the forecast for Thursday (October 12, 2006).
Published 12 Oct, 2006 12:00am
Tevta to introduce Matric (Tech)

Tevta to introduce Matric (Tech)

Technical Education and Vocational Authority (Tevta) is planning to launch Matric (Tech) in selected Tevta institutes across the province which would help revolutionise the concept of technical education at matriculation level.
Published 12 Oct, 2006 12:00am
Rozgar Scheme: sanctions and disbursements will begin in November

Rozgar Scheme: sanctions and disbursements will begin in November

Sanctions and disbursements under the "Rozgar Scheme" of National Bank of Pakistan (NBP) will start in November. The NBP President, Syed Ali Raza stated this, while talking to newsmen at the Iftar here on Tuesday. He said that due to short working timings
Published 12 Oct, 2006 12:00am
Exports to Germany must be diversified: CG

Exports to Germany must be diversified: CG

"There is imperative need to diversify Pakistan's exports to Germany since 80 percent of the trade is restricted to textiles and leather. The present trade regime of both Pakistan and Germany does not reflect the desired potential that is achievable."
Published 12 Oct, 2006 12:00am
LHC calls report

LHC calls report

The Lahore High Court (LHC) has called for a report from deputy director Securities and Exchange Commission of Pakistan (SECP) in a winding up case of Ittefaq group of industries. Former Prime Minister Mian Muhammad Nawaz Sharif had handed over four units
Published 12 Oct, 2006 12:00am
Hyderabad Nazim orders foolproof security measures

Hyderabad Nazim orders foolproof security measures

The Zila Nazim Hyderabad Kanwar Naveed has directed all the DSPs and SHOs of the district to ensure fool-proof security measures to prevent any possibility of crime and terrorist activities especially during the month of Ramazan while people were busy in
Published 12 Oct, 2006 12:00am
Eid Bazaars offering goods at cheaper rates

Eid Bazaars offering goods at cheaper rates

Eid Bazaars have sprung up in different localities of the city, offering latest in readymade garments, jewellery and footwear. A survey of the market on Wednesday showed Eid bazaars offering cotton kurta-shilwar suits for males 30 percent cheaper than the
Published 12 Oct, 2006 12:00am
IBA gets international assistance

IBA gets international assistance

The Institute of Business Administration (IBA) Karachi gets international assistance to help form a new centre for entrepreneur excellence. In a statement issued here on Wednesday.
Published 12 Oct, 2006 12:00am
Orix arranging syndicate funding for CTTL

Orix arranging syndicate funding for CTTL

The Callmate Tellips Telecom Limited (CTTL) has clarified a news item published in a section of press that Orix is only syndicating a loan facility of Rs 750 million on behalf of Callmate.
Published 12 Oct, 2006 12:00am
Karachi MTU to clear 10,000 refund claims before Eid

Karachi MTU to clear 10,000 refund claims before Eid

At least 10,000 refund claims of salaried class, stuck up with MTU, Karachi, would be cleared before Eid, official sources said on Wednesday. They said that the Medium Taxpayers Unit (MTU) was working on the strategy which would ensure refund claims for t
Published 12 Oct, 2006 12:00am
GCU launches fund-raising campaign

GCU launches fund-raising campaign

Endowment Fund Trust of the GC University Lahore has launched a fund raising campaign, which would be used to help the deserving students.
Published 12 Oct, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 80,755 tonnes of cargo including 62,232 tonnes import, 18,523 tonnes export cargo and 2,259 containers during last 24 hours ending at 0700 hours on Wednesday.
Published 12 Oct, 2006 12:00am
Supreme Court clips Indian president's pardon powers

Supreme Court clips Indian president's pardon powers

India's Supreme Court on Wednesday clipped the president's power to pardon convicts on death row. The ruling came in the midst of a national debate on the death penalty after the family of a Kashmiri Muslim, sentenced to hang for plotting a 2001 attack on
Published 12 Oct, 2006 12:00am
Singapore bunker fuel prices lower

Singapore bunker fuel prices lower

Singapore bunker prices were lower on Wednesday but the premium to fuel oil cargo values rose to $3-$4 a tonne after hovering at $1-$2 for three days.
Published 12 Oct, 2006 12:00am
Job quota for Balochistan increased to five percent

Job quota for Balochistan increased to five percent

President General Pervez Musharraf said on Wednesday that timely completion of development projects in Balochistan, on which the government was spending billions of rupees, would go a long way in bringing the province at par with the developed areas of th
Published 12 Oct, 2006 12:00am
Job quota for Balochistan increased to five percent

Job quota for Balochistan increased to five percent

President General Pervez Musharraf said on Wednesday that timely completion of development projects in Balochistan, on which the government was spending billions of rupees, would go a long way in bringing the province at par with the developed areas of th
Published 12 Oct, 2006 12:00am
Job quota for Balochistan increased to five percent

Job quota for Balochistan increased to five percent

President General Pervez Musharraf said on Wednesday that timely completion of development projects in Balochistan, on which the government was spending billions of rupees, would go a long way in bringing the province at par with the developed areas of th
Published 12 Oct, 2006 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 12 Oct, 2006 12:00am
MCB to spend $150 million from GDRs on expansion plans

MCB to spend $150 million from GDRs on expansion plans

MCB Bank Limited will utilise the $150 million raised through the global depository receipts (GDRs) to open 40 new branches in 2007 and another 40 in 2008, and also to acquire technology to help expand its consumer banking portfolio, said MCB President Mu
Published 12 Oct, 2006 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 12 Oct, 2006 12:00am
MCB to spend $150 million from GDRs on expansion plans

MCB to spend $150 million from GDRs on expansion plans

MCB Bank Limited will utilise the $150 million raised through the global depository receipts (GDRs) to open 40 new branches in 2007 and another 40 in 2008, and also to acquire technology to help expand its consumer banking portfolio, said MCB President Mu
Published 12 Oct, 2006 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
MCB to spend $150 million from GDRs on expansion plans

MCB to spend $150 million from GDRs on expansion plans

MCB Bank Limited will utilise the $150 million raised through the global depository receipts (GDRs) to open 40 new branches in 2007 and another 40 in 2008, and also to acquire technology to help expand its consumer banking portfolio, said MCB President Mu
Published 12 Oct, 2006 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
Strict monitoring of banks for tax collection proposed

Strict monitoring of banks for tax collection proposed

The Central Board of Revenue (CBR) has collected Rs 26.3 billion as gross income tax from banking sector in 2005-06 against Rs 25.3 billion in 2004-05, showing a nominal growth of 4 percent. According to a CBR analysis of banking sector, the CBR has to pa
Published 12 Oct, 2006 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
Profit-taking sets in on KSE

Profit-taking sets in on KSE

The declining oil prices in international market seem to have convinced the investors to opt for profit taking in the relevant scrips as a result of which the share market took a downturn on Wednesday. The KSE-100 share index closed at 10886.42 points, do
Published 12 Oct, 2006 12:00am
Profit-taking sets in on KSE

Profit-taking sets in on KSE

The declining oil prices in international market seem to have convinced the investors to opt for profit taking in the relevant scrips as a result of which the share market took a downturn on Wednesday. The KSE-100 share index closed at 10886.42 points, do
Published 12 Oct, 2006 12:00am
Profit-taking sets in on KSE

Profit-taking sets in on KSE

The declining oil prices in international market seem to have convinced the investors to opt for profit taking in the relevant scrips as a result of which the share market took a downturn on Wednesday. The KSE-100 share index closed at 10886.42 points, do
Published 12 Oct, 2006 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
54.2 percent rise in July-August current account deficit

54.2 percent rise in July-August current account deficit

Pakistan''s current account deficit during the first two months (July-August) of 2006-07 rose by 54.2 percent to $1.89 billion, against $1.226 billion recorded in the same period of 2005-06.
Published 12 Oct, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (October 11, 2006).
Published 12 Oct, 2006 12:00am
BRIndex30 sheds 185.88 points

BRIndex30 sheds 185.88 points

The BRIndex30 registered a negative change of -185.88, or -1.58 percent, on Wednesday. Opening at 11,853.86 with a positive gap of 68.09 points, it closed at 11,599.89 from Tuesday's 11,785.77. It made the intra-day high of 11,853.86 and low of 11,596.99.
Published 12 Oct, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
BRIndex30 sheds 185.88 points

BRIndex30 sheds 185.88 points

The BRIndex30 registered a negative change of -185.88, or -1.58 percent, on Wednesday. Opening at 11,853.86 with a positive gap of 68.09 points, it closed at 11,599.89 from Tuesday's 11,785.77. It made the intra-day high of 11,853.86 and low of 11,596.99.
Published 12 Oct, 2006 12:00am
SBP accepts Rs 16.327 billion bids in treasury bills auction

SBP accepts Rs 16.327 billion bids in treasury bills auction

The State Bank of Pakistan in its fortnightly Treasury Bills auction received bids worth Rs 26.327 billion against its target of Rs 15 billion, which was 1.75 times of the amount on offer. By maintaining its last cut-off yield, it accepted Rs 5.5 billion
Published 12 Oct, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
SBP accepts Rs 16.327 billion bids in treasury bills auction

SBP accepts Rs 16.327 billion bids in treasury bills auction

The State Bank of Pakistan in its fortnightly Treasury Bills auction received bids worth Rs 26.327 billion against its target of Rs 15 billion, which was 1.75 times of the amount on offer. By maintaining its last cut-off yield, it accepted Rs 5.5 billion
Published 12 Oct, 2006 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
SBP accepts Rs 16.327 billion bids in treasury bills auction

SBP accepts Rs 16.327 billion bids in treasury bills auction

The State Bank of Pakistan in its fortnightly Treasury Bills auction received bids worth Rs 26.327 billion against its target of Rs 15 billion, which was 1.75 times of the amount on offer. By maintaining its last cut-off yield, it accepted Rs 5.5 billion
Published 12 Oct, 2006 12:00am
SBP accepts Rs 16.327 billion bids in treasury bills auction

SBP accepts Rs 16.327 billion bids in treasury bills auction

The State Bank of Pakistan in its fortnightly Treasury Bills auction received bids worth Rs 26.327 billion against its target of Rs 15 billion, which was 1.75 times of the amount on offer. By maintaining its last cut-off yield, it accepted Rs 5.5 billion
Published 12 Oct, 2006 12:00am
ECC rejects cement import ban proposal

ECC rejects cement import ban proposal

The Economic Co-ordination Committee (ECC) of the Cabinet has rejected a proposal regarding ban on import of cement, saying that the decisions taken earlier in this regard would remain intact, official sources told Business Recorder here on Wednesd
Published 12 Oct, 2006 12:00am
ECC rejects cement import ban proposal

ECC rejects cement import ban proposal

The Economic Co-ordination Committee (ECC) of the Cabinet has rejected a proposal regarding ban on import of cement, saying that the decisions taken earlier in this regard would remain intact, official sources told Business Recorder here on Wednesd
Published 12 Oct, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
ECC rejects cement import ban proposal

ECC rejects cement import ban proposal

The Economic Co-ordination Committee (ECC) of the Cabinet has rejected a proposal regarding ban on import of cement, saying that the decisions taken earlier in this regard would remain intact, official sources told Business Recorder here on Wednesd
Published 12 Oct, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
Lahore stocks tumble

Lahore stocks tumble

Share prices retreated on Lahore the Stock Exchange (LSE) following technical grounds, leading the index to downward direction, which lost one percent. The LSE-25 index closed at 4606.84 points compared with Tuesday's 4648.42 points, losing 41.58 points.
Published 12 Oct, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
Lahore stocks tumble

Lahore stocks tumble

Share prices retreated on Lahore the Stock Exchange (LSE) following technical grounds, leading the index to downward direction, which lost one percent. The LSE-25 index closed at 4606.84 points compared with Tuesday's 4648.42 points, losing 41.58 points.
Published 12 Oct, 2006 12:00am
Equities suffer losses on ISE

Equities suffer losses on ISE

Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in downward direction amid decrease in index. ISE-10 index showed a decrease of 28.78 points, as it moved f
Published 12 Oct, 2006 12:00am
Equities suffer losses on ISE

Equities suffer losses on ISE

Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in downward direction amid decrease in index. ISE-10 index showed a decrease of 28.78 points, as it moved f
Published 12 Oct, 2006 12:00am
Renewable Energy Policy draft ready for ECC approval

Renewable Energy Policy draft ready for ECC approval

Water and Power Minister Liaquat Ali Jatoi on Tuesday cleared the draft of first ever Renewable Energy Policy for submission to the Economic Co-ordination Committee (ECC) of the cabinet for final approval, envisaging mainstreaming of renewable energy empl
Published 12 Oct, 2006 12:00am
CBR to set up body to hear employees' grievances

CBR to set up body to hear employees' grievances

The Central Board of Revenue (CBR) has accepted a proposal of Chairman, National Commission for Government Reforms, Dr Ishrat Husain, to form a departmental committee for hearing grievances of tax officers, who may not be able to clear the 'Internal Job P
Published 12 Oct, 2006 12:00am
Adhi gas field second LPG/NGL plant commissioned

Adhi gas field second LPG/NGL plant commissioned

Pakistan Petroleum Limited (PPL) has successfully commissioned its second LPG/NGL plant at Adhi field (in Punjab), aimed at doubling the existing recovery facilities at the field, sources told Business Recorder.
Published 12 Oct, 2006 12:00am
Adhi gas field second LPG/NGL plant commissioned

Adhi gas field second LPG/NGL plant commissioned

Pakistan Petroleum Limited (PPL) has successfully commissioned its second LPG/NGL plant at Adhi field (in Punjab), aimed at doubling the existing recovery facilities at the field, sources told Business Recorder.
Published 12 Oct, 2006 12:00am
Adhi gas field second LPG/NGL plant commissioned

Adhi gas field second LPG/NGL plant commissioned

Pakistan Petroleum Limited (PPL) has successfully commissioned its second LPG/NGL plant at Adhi field (in Punjab), aimed at doubling the existing recovery facilities at the field, sources told Business Recorder.
Published 12 Oct, 2006 12:00am
ICAP asked to take action against Ferguson

ICAP asked to take action against Ferguson

The Institute of Chartered Accountants of Pakistan (ICAP) has been asked to take disciplinary action against A F Ferguson for causing huge losses to shareholders of Callmate, purely due to a policy U-turn.
Published 12 Oct, 2006 12:00am
ICAP asked to take action against Ferguson

ICAP asked to take action against Ferguson

The Institute of Chartered Accountants of Pakistan (ICAP) has been asked to take disciplinary action against A F Ferguson for causing huge losses to shareholders of Callmate, purely due to a policy U-turn.
Published 12 Oct, 2006 12:00am
ICAP asked to take action against Ferguson

ICAP asked to take action against Ferguson

The Institute of Chartered Accountants of Pakistan (ICAP) has been asked to take disciplinary action against A F Ferguson for causing huge losses to shareholders of Callmate, purely due to a policy U-turn.
Published 12 Oct, 2006 12:00am
Rising steel prices bring billets import to standstill

Rising steel prices bring billets import to standstill

Billet imports, from which mild steel bars are produced after re-rolling, have been halted in the wake of rising steel prices world-wide and non-viability of trade, sources told Business Recorder on Wednesday.
Published 12 Oct, 2006 12:00am
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