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Print - 2007-04-01
Ahmadinejad demands British apology over sailors

Ahmadinejad demands British apology over sailors

President Mahmoud Ahmadinejad on Saturday again called for Britain to apologise after 15 British sailors were seized by Iran in the Gulf, the state news agency IRNA reported.
Published 01 Apr, 2007 12:00am
Ahmadinejad demands British apology over sailors

Ahmadinejad demands British apology over sailors

President Mahmoud Ahmadinejad on Saturday again called for Britain to apologise after 15 British sailors were seized by Iran in the Gulf, the state news agency IRNA reported.
Published 01 Apr, 2007 12:00am
Monsoon rains push up water availability

Monsoon rains push up water availability

The monsoon rains in February 2007 have pushed up water availability for Rabi crops to the highest level. According to official sources, the higher rains in February 2007 raised the irrigation water availability approximately by 1.8 MAF for the Rabi FY07
Published 01 Apr, 2007 12:00am
Water conservation: need for modern irrigation techniques stressed

Water conservation: need for modern irrigation techniques stressed

Water and Power Development Authority (Wapda) Chairman Tariq Hamid on Saturday underlined the need for concerted efforts for water conservation, development of available water resources to the optimum, and adapting modern technologies for efficient irriga
Published 01 Apr, 2007 12:00am
World Bank likely to assist in FATA development

World Bank likely to assist in FATA development

The World Bank is likely to extend assistance in the development of the Federally Administered Tribal Area (FATA) for poverty reduction and bringing the backward parts at par with other developed areas of the country.
Published 01 Apr, 2007 12:00am
Traders advised to benefit from FTA with Sri Lanka

Traders advised to benefit from FTA with Sri Lanka

Director General of Commerce, Ministry of Commerce of Sri Lanka, Ms Manel De Silva, has informed the business community that the next round of dialogue with Pakistan on service sector will be held soon.
Published 01 Apr, 2007 12:00am
PIA passenger market up 3.3 percent despite oil bill increase

PIA passenger market up 3.3 percent despite oil bill increase

With fuel prices expected to be averaging below $60 per barrel, and plan in hand to streamline overheads, PIA has all the potential to successfully revive itself and rebound during the next 12 months. This was stated in a meeting of the airline's Board of
Published 01 Apr, 2007 12:00am
Pakistan-Turkey relationship multifaceted, deep-rooted: Prime Minister

Pakistan-Turkey relationship multifaceted, deep-rooted: Prime Minister

Prime Minister Shaukat Aziz on Saturday said the multifaceted and deep-rooted relationship between Pakistan and Turkey is based on shared heritage, common faith and cultural values as well as identity of views on major regional and international issues.
Published 01 Apr, 2007 12:00am
Saarc officials recommend Iran's observer status

Saarc officials recommend Iran's observer status

South Asian officials Saturday recommended observer status for Iran at next week's regional summit which will be dominated by trade amid warming ties between rivals India and Pakistan.
Published 01 Apr, 2007 12:00am
Saarc officials recommend Iran's observer status

Saarc officials recommend Iran's observer status

South Asian officials Saturday recommended observer status for Iran at next week's regional summit which will be dominated by trade amid warming ties between rivals India and Pakistan.
Published 01 Apr, 2007 12:00am
Prime Minister stresses Saarc role for dispute resolution

Prime Minister stresses Saarc role for dispute resolution

Prime Minister Shaukat Aziz has stressed the importance of dispute resolution for exploiting the true potential of the Saarc and said that peace and harmony in the region could change the fate of South Asia, home to 1.4 billion people.
Published 01 Apr, 2007 12:00am
OGDCL and NBP among world''s 2000 high performers

OGDCL and NBP among world''s 2000 high performers

Two Pakistani companies have been included in 2000 high performing companies in the world for faring well in terms of turnover, profits, assets and market value. According to ''Global 2000'' ranking released by American magazine, "Forbes," this week, the
Published 01 Apr, 2007 12:00am
OGDCL and NBP among world's 2000 high performers

OGDCL and NBP among world's 2000 high performers

Two Pakistani companies have been included in 2000 high performing companies in the world for faring well in terms of turnover, profits, assets and market value. According to 'Global 2000' ranking released by American magazine, "Forbes," this week, the co
Published 01 Apr, 2007 12:00am
OGDCL and NBP among world's 2000 high performers

OGDCL and NBP among world's 2000 high performers

Two Pakistani companies have been included in 2000 high performing companies in the world for faring well in terms of turnover, profits, assets and market value. According to 'Global 2000' ranking released by American magazine, "Forbes," this week, the co
Published 01 Apr, 2007 12:00am
Britain responds to Iran over capture of sailors

Britain responds to Iran over capture of sailors

Britain has responded by diplomatic note to Iran over its capture of 15 British naval personnel in the Gulf last week, Foreign Secretary Margaret Beckett said on Saturday. "We had a diplomatic note and we have made our response," she told reporters in Bre
Published 01 Apr, 2007 12:00am
Four federal secretaries changed

Four federal secretaries changed

In a major reshuffling, the government posted/transferred four Federal Secretaries on Saturday. Cabinet Secretary Kamran Rasul has been made Secretary, Defence. He is the first civilian bureaucrat who has been posted as Secretary, Defence after ten years.
Published 01 Apr, 2007 12:00am
Four federal secretaries changed

Four federal secretaries changed

In a major reshuffling, the government posted/transferred four Federal Secretaries on Saturday. Cabinet Secretary Kamran Rasul has been made Secretary, Defence. He is the first civilian bureaucrat who has been posted as Secretary, Defence after ten years.
Published 01 Apr, 2007 12:00am
Prime Minister accepts Kirmani's resignation

Prime Minister accepts Kirmani's resignation

Prime Minister Shaukat Aziz has accepted the resignation of PIA Chairman Tariq Kirmani who has been asked to stay in his post until his replacement assumes the charge, expected shortly. This was stated in an official press release issued here on Saturday.
Published 01 Apr, 2007 12:00am
Prime Minister accepts Kirmani's resignation

Prime Minister accepts Kirmani's resignation

Prime Minister Shaukat Aziz has accepted the resignation of PIA Chairman Tariq Kirmani who has been asked to stay in his post until his replacement assumes the charge, expected shortly. This was stated in an official press release issued here on Saturday.
Published 01 Apr, 2007 12:00am
President and Prime Minister urge nation to shun extremism

President and Prime Minister urge nation to shun extremism

President General Pervez Musharraf has urged the nation to shun extremism and radicalism and follow the teachings of Prophet Muhammad (Peace Be Upon Him) to regain the glorified image of Muslim Ummah.
Published 01 Apr, 2007 12:00am
The Weather

The Weather

The weather report on Saturday (March 31, 2007) and the forecast for Sunday (April 01, 2007).
Published 01 Apr, 2007 12:00am
Faisalabad textile exporters off to Gwadar

Faisalabad textile exporters off to Gwadar

A 15-member delegation of Pakistan Textile Exporters Association (PTEA) led by Mian Zahid Aslam Chairman left for Gwadar today. Talking to newsmen Mian Zahid Aslam said that the inauguration of Gwadar Port has opened new vistas of industrialisation, inves
Published 01 Apr, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
China's Chongqing bank to sell stake to Hong Kong lender

China's Chongqing bank to sell stake to Hong Kong lender

China's Chongqing City Commercial Bank has won government approval to sell a 17 percent stake to Hong Kong's Dah Sing Banking Corp for about 700 million yuan, the bank's chairman said on Saturday. The bank is still awaiting the government's nod to sell a
Published 01 Apr, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (March 31, 2007) and for Sunday (April 01, 2007).
Published 01 Apr, 2007 12:00am
Zimbabwean crisis hits Mozambique's economy

Zimbabwean crisis hits Mozambique's economy

The crisis in Zimbabwe is having a serious effect on the economy of its neighbour Mozambique, with debts unpaid, a collapse in trade and increased smuggling, Mozambican President Armando Guebuza was quoted as saying in local press Saturday.
Published 01 Apr, 2007 12:00am
Japan's Edion and Bic Camera scrap merger plans

Japan's Edion and Bic Camera scrap merger plans

Japanese electronics retailers Edion Corp and Bic Camera Inc have cancelled plans to merge in a deal that would have created a group with the size to rival industry leader Yamada Denki Co Edion and Bic Camera announced after the market close on Friday.
Published 01 Apr, 2007 12:00am
LSE remains range-bound

LSE remains range-bound

In the absence of any fresh news or rumour, the share market remained range-bound and finally closed the five-session week, ending on Friday March 30, with a loss of one percent amid slight improvement in turnover.
Published 01 Apr, 2007 12:00am
LSE remains range-bound

LSE remains range-bound

In the absence of any fresh news or rumour, the share market remained range-bound and finally closed the five-session week, ending on Friday March 30, with a loss of one percent amid slight improvement in turnover.
Published 01 Apr, 2007 12:00am
Eid Milad-un-Nabi today

Eid Milad-un-Nabi today

Eid Milad-un-Nabi (SAW) marking the birthday of the Holy Prophet (Peace Be Upon Him) is being celebrated with religious fervour and traditional zeal throughout the country on Sunday (April It will be a closed holiday and national flag will be hoisted on i
Published 01 Apr, 2007 12:00am
Eid Milad-un-Nabi today

Eid Milad-un-Nabi today

Eid Milad-un-Nabi (SAW) marking the birthday of the Holy Prophet (Peace Be Upon Him) is being celebrated with religious fervour and traditional zeal throughout the country on Sunday (April It will be a closed holiday and national flag will be hoisted on i
Published 01 Apr, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Rs 1.798 billion rise in nine-month revenue receipts

Rs 1.798 billion rise in nine-month revenue receipts

The Central Board of Revenue (CBR) has so far collected Rs 586.298 billion during July-March 2006-07 against the target of Rs 584.5 billion, showing a growth of Rs 1.798 billion. According to the provisional data released on Saturday.
Published 01 Apr, 2007 12:00am
Rs 1.798 billion rise in nine-month revenue receipts

Rs 1.798 billion rise in nine-month revenue receipts

The Central Board of Revenue (CBR) has so far collected Rs 586.298 billion during July-March 2006-07 against the target of Rs 584.5 billion, showing a growth of Rs 1.798 billion. According to the provisional data released on Saturday.
Published 01 Apr, 2007 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Rs 1.798 billion rise in nine-month revenue receipts

Rs 1.798 billion rise in nine-month revenue receipts

The Central Board of Revenue (CBR) has so far collected Rs 586.298 billion during July-March 2006-07 against the target of Rs 584.5 billion, showing a growth of Rs 1.798 billion. According to the provisional data released on Saturday.
Published 01 Apr, 2007 12:00am
Marginal raise in CFS investment

Marginal raise in CFS investment

CFS investment showed a marginal increase on weekly basis of 0.02 percent to current closing of Rs 43.9 billion. The slight increase in investments was accompanied by drop in financing rates. The rates slipped by 15 basis points (bps) from 12.18 percent o
Published 01 Apr, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Marginal raise in CFS investment

Marginal raise in CFS investment

CFS investment showed a marginal increase on weekly basis of 0.02 percent to current closing of Rs 43.9 billion. The slight increase in investments was accompanied by drop in financing rates. The rates slipped by 15 basis points (bps) from 12.18 percent o
Published 01 Apr, 2007 12:00am
Bearish trend persists on KSE

Bearish trend persists on KSE

Bearish trend persisted on Karachi Stock Exchange for the third consecutive week ended on March 31, 2007 due to uncertainty on political front both at domestic and international levels. The rollover week for March contracts also created selling pressure o
Published 01 Apr, 2007 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Bearish trend persists on KSE

Bearish trend persists on KSE

Bearish trend persisted on Karachi Stock Exchange for the third consecutive week ended on March 31, 2007 due to uncertainty on political front both at domestic and international levels. The rollover week for March contracts also created selling pressure o
Published 01 Apr, 2007 12:00am
Bearish trend persists on KSE

Bearish trend persists on KSE

Bearish trend persisted on Karachi Stock Exchange for the third consecutive week ended on March 31, 2007 due to uncertainty on political front both at domestic and international levels. The rollover week for March contracts also created selling pressure o
Published 01 Apr, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Withholding statements: NTN condition removed

Withholding statements: NTN condition removed

The Central Board of Revenue (CBR) has withdrawn the condition of submitting National Tax Numbers (NTNs) or Computerised Identity Card Numbers (CNICs) in cases where agents have deducted 2 percent extra withholding tax from suppliers etc operating without
Published 01 Apr, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Withholding statements: NTN condition removed

Withholding statements: NTN condition removed

The Central Board of Revenue (CBR) has withdrawn the condition of submitting National Tax Numbers (NTNs) or Computerised Identity Card Numbers (CNICs) in cases where agents have deducted 2 percent extra withholding tax from suppliers etc operating without
Published 01 Apr, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Withholding statements: NTN condition removed

Withholding statements: NTN condition removed

The Central Board of Revenue (CBR) has withdrawn the condition of submitting National Tax Numbers (NTNs) or Computerised Identity Card Numbers (CNICs) in cases where agents have deducted 2 percent extra withholding tax from suppliers etc operating without
Published 01 Apr, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Holiday notice

Holiday notice

The offices of Daily Business Recorder will remain closed today Sunday (April 1) on account of Eid Mila-un-Nabi (SAW). There will, therefore, be no issue of the paper and Internet Edition tomorrow on Monday (April 2).However arrangements is made to
Published 01 Apr, 2007 12:00am
FDI may touch $7 billion mark this year: Dr Shamshad

FDI may touch $7 billion mark this year: Dr Shamshad

State Bank of Pakistan Governor Dr Shamshad Akhtar has said that the influx of foreign direct investment (FDI) is likely to touch $7 billion by the end of the current fiscal year. Addressing a seminar, titled 'Economic Profile of Pakistan', at Karachi Exp
Published 01 Apr, 2007 12:00am
Pakistan striving for inter-faith harmony: Musharraf

Pakistan striving for inter-faith harmony: Musharraf

President General Pervez Musharraf, highlighting the efforts and measures being taken by the government to promote inter-faith harmony, said on Saturday that exchange of delegations from various religions would be helpful in fostering inter-faith harmony
Published 01 Apr, 2007 12:00am
THE RUPEE: five-paisa gain versus dollar

THE RUPEE: five-paisa gain versus dollar

Bullish sentiment was seen in the open market on Saturday as the rupee picked up five paisa against the dollar for buying and selling at Rs 60.60 and Rs 60.70, dealers said.
Published 01 Apr, 2007 12:00am
Pakistan striving for inter-faith harmony: Musharraf

Pakistan striving for inter-faith harmony: Musharraf

President General Pervez Musharraf, highlighting the efforts and measures being taken by the government to promote inter-faith harmony, said on Saturday that exchange of delegations from various religions would be helpful in fostering inter-faith harmony
Published 01 Apr, 2007 12:00am
THE RUPEE: five-paisa gain versus dollar

THE RUPEE: five-paisa gain versus dollar

Bullish sentiment was seen in the open market on Saturday as the rupee picked up five paisa against the dollar for buying and selling at Rs 60.60 and Rs 60.70, dealers said.
Published 01 Apr, 2007 12:00am
Workshop on sales management

Workshop on sales management

Image of Pakistan should be strong with better knowledge and training and there is a great potential of Pakistani industry and business in information technology, pharmaceutical, engineering and manufacturing.
Published 01 Apr, 2007 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Australia 61-0 after 9 overs

Australia 61-0 after 9 overs

Australia were 65-0 after 9 overs chasing 105 in rain-restricted match against Bangladesh at the Sir Vivian Richards Stadium here Saturday. The match was reduced to 22 overs a side.
Published 01 Apr, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (April 02, 2007).

Published 01 Apr, 2007 12:00am
Australia 61-0 after 9 overs

Australia 61-0 after 9 overs

Australia were 65-0 after 9 overs chasing 105 in rain-restricted match against Bangladesh at the Sir Vivian Richards Stadium here Saturday. The match was reduced to 22 overs a side.
Published 01 Apr, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (April 02, 2007).

Published 01 Apr, 2007 12:00am
Inzamam regrets defeat, admits responsibility

Inzamam regrets defeat, admits responsibility

Pakistan's outgoing cricket captain Inzamam-ul-Haq while admitting responsibility of the national team's defeat in the World Cup, charged foreign media to exaggerate Bob Woomler's news and added that Pakistani media also supported it instead of helping th
Published 01 Apr, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday April 02, 2007

Published 01 Apr, 2007 12:00am
Inzamam regrets defeat, admits responsibility

Inzamam regrets defeat, admits responsibility

Pakistan's outgoing cricket captain Inzamam-ul-Haq while admitting responsibility of the national team's defeat in the World Cup, charged foreign media to exaggerate Bob Woomler's news and added that Pakistani media also supported it instead of helping th
Published 01 Apr, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday April 02, 2007

Published 01 Apr, 2007 12:00am
PCB chief announces changes in board's structure

PCB chief announces changes in board's structure

Chairman Pakistan Cricket Board (PCB), Dr Nasim Asharf while suspending central contracts of the national team players announced changes in the structure of the cricket board. Addressing a news conference here on Saturday, Nasim said that in future, the t
Published 01 Apr, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday April 02, 2007

Published 01 Apr, 2007 12:00am
PCB chief announces changes in board's structure

PCB chief announces changes in board's structure

Chairman Pakistan Cricket Board (PCB), Dr Nasim Asharf while suspending central contracts of the national team players announced changes in the structure of the cricket board. Addressing a news conference here on Saturday, Nasim said that in future, the t
Published 01 Apr, 2007 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Supreme Court upholds: sales tax leviable on fixed assets, scrap sale

Supreme Court upholds: sales tax leviable on fixed assets, scrap sale

The Supreme Court has upheld the levy of sales tax on the sale of fixed assets, scrap, etc by the registered persons/concerns/companies. A full bench of the apex court gave an authoritative ruling on 23 appeals filed by CBR, and set aside the judgement of
Published 01 Apr, 2007 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Supreme Court upholds: sales tax leviable on fixed assets, scrap sale

Supreme Court upholds: sales tax leviable on fixed assets, scrap sale

The Supreme Court has upheld the levy of sales tax on the sale of fixed assets, scrap, etc by the registered persons/concerns/companies. A full bench of the apex court gave an authoritative ruling on 23 appeals filed by CBR, and set aside the judgement of
Published 01 Apr, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Supreme Court upholds: sales tax leviable on fixed assets, scrap sale

Supreme Court upholds: sales tax leviable on fixed assets, scrap sale

The Supreme Court has upheld the levy of sales tax on the sale of fixed assets, scrap, etc by the registered persons/concerns/companies. A full bench of the apex court gave an authoritative ruling on 23 appeals filed by CBR, and set aside the judgement of
Published 01 Apr, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Reference against CJP challenged

Reference against CJP challenged

President Reference against non-functional Chief Justice of Pakistan Iftikhar Muhammad Chaudhry was challenged by Barrister Zafarullah in the Supreme Court on Saturday, according to Aaj TV channel.
Published 01 Apr, 2007 12:00am
Reference against CJP challenged

Reference against CJP challenged

President Reference against non-functional Chief Justice of Pakistan Iftikhar Muhammad Chaudhry was challenged by Barrister Zafarullah in the Supreme Court on Saturday, according to Aaj TV channel.
Published 01 Apr, 2007 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended on Saturday (March 31, 2007).

Published 01 Apr, 2007 12:00am
Taxes evasion by oil and gas sector: CBR rejects allegations of NAB

Taxes evasion by oil and gas sector: CBR rejects allegations of NAB

The Directorate General of Intelligence and Investigation, Customs and Excise, Islamabad, has rejected allegations made by the National Accountability Bureau (NAB) of alleged evasion of duties and taxes by oil refineries, LPG producers, petroleum companie
Published 01 Apr, 2007 12:00am