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Print - 2007-04-17
IFIs extol Pakistan's macro-economic stability

IFIs extol Pakistan's macro-economic stability

The International Financial Institutions (IFIs) view with great appreciation Pakistan's macro-economic stability and attractive conditions for doing business, adviser to Prime Minister on Finance and Revenues Dr Salman Shah said.
Published 17 Apr, 2007 12:00am
Quetta-Zahedan, Mashhad bus service soon

Quetta-Zahedan, Mashhad bus service soon

Pakistan and Iran have agreed to commence regular bus service between Quetta-Zahedan-Mashhad route and more routes would be added later, says a message received from Tehran on Monday.
Published 17 Apr, 2007 12:00am
'Gender Justice' project extended

'Gender Justice' project extended

The Ministry of Local Government and Rural Development has extended scope of its UNDP-funded project "Gender Justice through Mehsilat Anjumen Programme" (GJTMAP) to 12 more districts in the four provinces of the country.
Published 17 Apr, 2007 12:00am
Consular Corps take extra interest in Muttahida rally

Consular Corps take extra interest in Muttahida rally

The Consular Corps in Karachi has noted with extra interest the successful rally staged by the Muttahida Quami Movement (MQM) on Sunday in Karachi which rejected 'Klashnikov and Baton-backed Sharia' as preferred by the Lal Masjid Ulema, reports UPP corres
Published 17 Apr, 2007 12:00am
'LEAs failed to control kidnapping incidents'

'LEAs failed to control kidnapping incidents'

City Council in its proceedings on Monday adopted a unanimous resolution to slam the police and other law enforcement agencies for their failure to control the high ratio of abduction cases for ransom in the Site Town of the metropolis. The resolution was
Published 17 Apr, 2007 12:00am
Pakistan can broaden tax-base: MRA official

Pakistan can broaden tax-base: MRA official

Director General, Mauritius Revenue Authority (MRA) M.S. Lal has said that the Pakistan tax authorities can broaden the tax-base by abolishing turnover threshold for sales tax registration, use of third party information and clear income tax jurisdiction
Published 17 Apr, 2007 12:00am
Committee to resolve lawyers-journalists dispute

Committee to resolve lawyers-journalists dispute

Prolonging rift between lawyers and journalists of Karachi is a bid to foil the movement for the freedom of judiciary and no one would be allowed to harm this movement. This was stated at a meeting of the Committee formed to resolve the dispute between jo
Published 17 Apr, 2007 12:00am
Benazir condemns military operation

Benazir condemns military operation

Former prime minister, Benazir Bhutto has expressed grave concern over the continued military operation in parts of Balochistan and called for an end to the operation and settlement of political disputes through dialogue.
Published 17 Apr, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 16, 2007).

Published 17 Apr, 2007 12:00am
President hosts dinner

President hosts dinner

President General Pervez Musharraf on Monday hosted a dinner in honour of the participants of 60th Formation Commanders Conference here at the Aiwan-e-Sadr.
Published 17 Apr, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 16, 2007).

Published 17 Apr, 2007 12:00am
Turmoil in region may hit Pakistan: President

Turmoil in region may hit Pakistan: President

President General Pervez Musharraf said on Monday that Pakistan is passing through a difficult phase with turmoil in the region, which has a direct or indirect impact on Pakistan. He was addressing the 60th Formation Commanders Conference at the General H
Published 17 Apr, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 16, 2007).

Published 17 Apr, 2007 12:00am
Turmoil in region may hit Pakistan: President

Turmoil in region may hit Pakistan: President

President General Pervez Musharraf said on Monday that Pakistan is passing through a difficult phase with turmoil in the region, which has a direct or indirect impact on Pakistan. He was addressing the 60th Formation Commanders Conference at the General H
Published 17 Apr, 2007 12:00am
Opec maintains oil demand forecast

Opec maintains oil demand forecast

The Organisation of Petroleum Exporting Countries (Opec) said on Monday it was maintaining its forecast for growth of world oil demand in 2007 unchanged at 1.5 percent. In its monthly report for April the 11-member exporters'' group said it was noting a d
Published 17 Apr, 2007 12:00am
Opec maintains oil demand forecast

Opec maintains oil demand forecast

The Organisation of Petroleum Exporting Countries (Opec) said on Monday it was maintaining its forecast for growth of world oil demand in 2007 unchanged at 1.5 percent. In its monthly report for April the 11-member exporters' group said it was noting a dr
Published 17 Apr, 2007 12:00am
Opec maintains oil demand forecast

Opec maintains oil demand forecast

The Organisation of Petroleum Exporting Countries (Opec) said on Monday it was maintaining its forecast for growth of world oil demand in 2007 unchanged at 1.5 percent. In its monthly report for April the 11-member exporters' group said it was noting a dr
Published 17 Apr, 2007 12:00am
Proposal to withdraw regulatory duty on pulses export rejected

Proposal to withdraw regulatory duty on pulses export rejected

The federal government has turned down exporters'''' proposal for withdrawal of 35 percent regulatory duty on pulses export due to high prices of the commodity in the international markets sources told Business Recorder on Monday.
Published 17 Apr, 2007 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (April 16, 2007).
Published 17 Apr, 2007 12:00am
Proposal to withdraw regulatory duty on pulses export rejected

Proposal to withdraw regulatory duty on pulses export rejected

The federal government has turned down exporters'' proposal for withdrawal of 35 percent regulatory duty on pulses export due to high prices of the commodity in the international markets sources told Business Recorder on Monday.
Published 17 Apr, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (April 16, 2007).

Published 17 Apr, 2007 12:00am
Proposal to withdraw regulatory duty on pulses export rejected

Proposal to withdraw regulatory duty on pulses export rejected

The federal government has turned down exporters' proposal for withdrawal of 35 percent regulatory duty on pulses export due to high prices of the commodity in the international markets sources told Business Recorder on Monday.
Published 17 Apr, 2007 12:00am
Proposal to withdraw regulatory duty on pulses export rejected

Proposal to withdraw regulatory duty on pulses export rejected

The federal government has turned down exporters' proposal for withdrawal of 35 percent regulatory duty on pulses export due to high prices of the commodity in the international markets sources told Business Recorder on Monday.
Published 17 Apr, 2007 12:00am
UBL launches three mutual funds in UAE

UBL launches three mutual funds in UAE

UBL Fund Managers, a wholly owned subsidiary of United Bank Limited (UBL), is offering three of its mutual funds in the United Arab Emirates (UAE) with a minimum required investment of only Dirham 1,000.
Published 17 Apr, 2007 12:00am
UBL launches three mutual funds in UAE

UBL launches three mutual funds in UAE

UBL Fund Managers, a wholly owned subsidiary of United Bank Limited (UBL), is offering three of its mutual funds in the United Arab Emirates (UAE) with a minimum required investment of only Dirham 1,000.
Published 17 Apr, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (April 16, 2007).

Published 17 Apr, 2007 12:00am
UBL launches three mutual funds in UAE

UBL launches three mutual funds in UAE

UBL Fund Managers, a wholly owned subsidiary of United Bank Limited (UBL), is offering three of its mutual funds in the United Arab Emirates (UAE) with a minimum required investment of only Dirham 1,000.
Published 17 Apr, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (April 16, 2007).
Published 17 Apr, 2007 12:00am
UBL launches three mutual funds in UAE

UBL launches three mutual funds in UAE

UBL Fund Managers, a wholly owned subsidiary of United Bank Limited (UBL), is offering three of its mutual funds in the United Arab Emirates (UAE) with a minimum required investment of only Dirham 1,000.
Published 17 Apr, 2007 12:00am
PAF completes live missile firing exercise

PAF completes live missile firing exercise

Pakistan Air Force (PAF) on Monday completed a three-day "Live missile firing" exercise at Somniani Range, the PAF said. "In the live missile firing exercise, all types of fighter aircraft and surface-to-air missile units of PAF actively participated," a
Published 17 Apr, 2007 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 Monday (April 16, 2007).

Published 17 Apr, 2007 12:00am
PAF completes live missile firing exercise

PAF completes live missile firing exercise

Pakistan Air Force (PAF) on Monday completed a three-day "Live missile firing" exercise at Somniani Range, the PAF said. "In the live missile firing exercise, all types of fighter aircraft and surface-to-air missile units of PAF actively participated," a
Published 17 Apr, 2007 12:00am
'Britain to support Pakistan in EU'

'Britain to support Pakistan in EU'

Britain will support Pakistan on all issues in the European Union (EU), assured newly posted British Deputy Head Mission, Tony Hackett. Addressing members of the Karachi Chamber of Commerce and Industry (KCCI) on Monday, he said that Britain also desires
Published 17 Apr, 2007 12:00am
Global poverty gradually decreasing: World Bank

Global poverty gradually decreasing: World Bank

Global poverty rates continued to fall in the first four years of the 21st century according to new statistics published in the 'World Development Indicators 2007', released by the World Bank on Monday. The report says that the proportion of people living
Published 17 Apr, 2007 12:00am
SBP invites feedback on IBIs risk management draft

SBP invites feedback on IBIs risk management draft

The State Bank of Pakistan (SBP) has invited feedback on the draft risk management guidelines for Islamic banking institutions (IBIs) formulated to further strengthen the regulatory framework in the area of risk management of IBIs.
Published 17 Apr, 2007 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 Monday (April 16, 2007).

Published 17 Apr, 2007 12:00am
National Assembly body concerned over letting Gwadar port to SPA

National Assembly body concerned over letting Gwadar port to SPA

The National Assembly standing committee on ports and shipping on Monday expressed concern over subletting of Gwadar Port operations to Singapore Port Authority (SPA). The committee met here in Parliament House, with Muhammad Khan Sherani in the chair, to
Published 17 Apr, 2007 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 Monday (April 16, 2007).

Published 17 Apr, 2007 12:00am
National Assembly body concerned over letting Gwadar port to SPA

National Assembly body concerned over letting Gwadar port to SPA

The National Assembly standing committee on ports and shipping on Monday expressed concern over subletting of Gwadar Port operations to Singapore Port Authority (SPA). The committee met here in Parliament House, with Muhammad Khan Sherani in the chair, to
Published 17 Apr, 2007 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 Monday (April 16, 2007).

Published 17 Apr, 2007 12:00am
National Assembly body concerned over letting Gwadar port to SPA

National Assembly body concerned over letting Gwadar port to SPA

The National Assembly standing committee on ports and shipping on Monday expressed concern over subletting of Gwadar Port operations to Singapore Port Authority (SPA). The committee met here in Parliament House, with Muhammad Khan Sherani in the chair, to
Published 17 Apr, 2007 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 17 Apr, 2007 12:00am
Nike to stay in Pakistan

Nike to stay in Pakistan

Nike, a major importer of soccer balls has decided to stay in Pakistan but under new arrangements. According to indications available here, Nike is likely to severe its long association with Saga Sports of Sialkot and enter into new contracts with other s
Published 17 Apr, 2007 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 17 Apr, 2007 12:00am
Nike to stay in Pakistan

Nike to stay in Pakistan

Nike, a major importer of soccer balls has decided to stay in Pakistan but under new arrangements. According to indications available here, Nike is likely to severe its long association with Saga Sports of Sialkot and enter into new contracts with other s
Published 17 Apr, 2007 12:00am
Nike to stay in Pakistan

Nike to stay in Pakistan

Nike, a major importer of soccer balls has decided to stay in Pakistan but under new arrangements. According to indications available here, Nike is likely to severe its long association with Saga Sports of Sialkot and enter into new contracts with other s
Published 17 Apr, 2007 12:00am
Pakistan still backs cross-border terrorism: India

Pakistan still backs cross-border terrorism: India

India's defence minister on Monday accused Pakistan of continuing to support cross-border terrorism in troubled occupied Kashmir. "There is no change in Pakistan's support to cross-border terrorism in occupied Jammu and Kashmir," Defence Minister A K Anto
Published 17 Apr, 2007 12:00am
Message from Minister for Food, Agriculture & Livestock

Message from Minister for Food, Agriculture & Livestock

I would like to welcome Trade and Agriculture Ministers from the 19 Cairns Group countries to the historic city of Lahore and the country of Pakistan. it is indeed appropriate that we are holding these discussions in Pakistan. The outcome of the agricultu
Published 17 Apr, 2007 12:00am
New Zealand agrees to enhance bilateral defence ties

New Zealand agrees to enhance bilateral defence ties

Defence Minister Rao Sikandar Iqbal has highlighted the contribution of Pakistan towards international war on terrorism, saying that Pakistan has utilised all its efforts against the terrorism. He was talking to a defence delegation of New Zealand led by
Published 17 Apr, 2007 12:00am
Message from Chairman Cairns Group, Trade Minister Australia

Message from Chairman Cairns Group, Trade Minister Australia

Cricket is a passion which binds Pakistan and Australia, but that love of cricket is not the only bond our two nations share. Pakistan and Australia both want a fairer deal for their farmers in global markets. They want an end to the high tariffs and farm
Published 17 Apr, 2007 12:00am
Optimism grows on outlook for German economy

Optimism grows on outlook for German economy

The run of good news for the German economy, the biggest in Europe, looks set to continue for some time yet, with Bundesbank President Axel Weber arguing on Monday that current growth marks only the beginning of a longer upturn.
Published 17 Apr, 2007 12:00am
Message from Federal Minister for Commerce

Message from Federal Minister for Commerce

I am very pleased that Pakistan has the honour to host the 31st meting of the Cairns Group on 16-18 April 2007 at Lahore. Although we are a recent entrant to the Cairns Group, having joined it just before the Hong Kong Ministerial Conference held in Decem
Published 17 Apr, 2007 12:00am
Japanese government ups view on consumption in April report

Japanese government ups view on consumption in April report

The Japanese government said consumption is picking up in its April economic report, the first upgrade in its assessment on spending in 20 months, but it lowered its view on production. Its overall assessment of the economy was unchanged.
Published 17 Apr, 2007 12:00am
Message from Prime Minster of Pakistan

Message from Prime Minster of Pakistan

I welcome the distinguished Trade and Agriculture Ministers from the 19 member Cairns Group of countries. I am pleased that the Cairns Group accepted Pakistan's invitation to come to the city of Lahore located in the Punjab province it the heart of our ag
Published 17 Apr, 2007 12:00am
Vietnam expects new listings home, away

Vietnam expects new listings home, away

Vietnam's fledgling stock markets can expect a slew of new listings in the second quarter and companies will also start seeking ways to tap capital markets overseas, a stock exchange official said on Monday.
Published 17 Apr, 2007 12:00am
Message from President of Pakistan

Message from President of Pakistan

It is a great hounour for Pakistan that Trade and Agricultural Ministers of 19 countries from across the world are holding their 31st meeting at Lahore. Their meeting is significant as it comes at a time when the WTO Members are entering their final phase
Published 17 Apr, 2007 12:00am
Share values move erratically on LSE

Share values move erratically on LSE

Share prices moved erratically on Lahore Stock Exchange (LSE) and finally settled in negative zone on account of genuine investors' alienated behaviour; however volume remained on the higher side. The LSE-25 index closed at 4499.31 points as opposed to it
Published 17 Apr, 2007 12:00am
Ukraine ore concentrator raises output

Ukraine ore concentrator raises output

Ukraine's Tsentralniy GOK ore concentrator said on Monday it had increased output by 6.4 percent to 1.459 million tonnes in January-March compared with the same period in 2006.
Published 17 Apr, 2007 12:00am
Share values move erratically on LSE

Share values move erratically on LSE

Share prices moved erratically on Lahore Stock Exchange (LSE) and finally settled in negative zone on account of genuine investors' alienated behaviour; however volume remained on the higher side. The LSE-25 index closed at 4499.31 points as opposed to it
Published 17 Apr, 2007 12:00am
Philippines firms want to buy corn

Philippines firms want to buy corn

Philippines feedmillers, poultry and livestock firms have asked the government to allow them to import an additional 80,000 tonnes of yellow corn this month for animal feed, an industry spokesman said on Monday.
Published 17 Apr, 2007 12:00am
Oil cake market rates

Oil cake market rates

The May and July vaida opened unchanged on the forward cottonseeds oilcake market on Monday, dealers said. The May vaida was unchanged at Rs 650.00 and it proved to be day's best at the same level.
Published 17 Apr, 2007 12:00am
Spinners, millers stay away on cotton import news

Spinners, millers stay away on cotton import news

Some mills imported 200,000 bales of cotton for the next year and this factor dominated the cotton market as most of the spinners remained on the sidelines, dealers said on Monday. The Karachi Cotton Association (KCA) official spot rate was unchanged at R
Published 17 Apr, 2007 12:00am
Prices stay firm on grain market

Prices stay firm on grain market

Prices were firm on the grain market on Monday as supply was enough to meet the demand, dealers said. Some fluctuations were seen in the rice and grams sectors during the day, but they came back over the weekend levels on balanced demand and supply factor
Published 17 Apr, 2007 12:00am
Sadr ministers quit Iraqi government

Sadr ministers quit Iraqi government

Shia cleric Moqtada al-Sadr ordered his ministers to quit Iraq's government on Monday in protest at Prime Minister Nuri al-Maliki's refusal to set a timetable for US troops to withdraw. Sadr's populist movement has six ministers and a quarter of the parli
Published 17 Apr, 2007 12:00am
Sadr ministers quit Iraqi government

Sadr ministers quit Iraqi government

Shia cleric Moqtada al-Sadr ordered his ministers to quit Iraq's government on Monday in protest at Prime Minister Nuri al-Maliki's refusal to set a timetable for US troops to withdraw. Sadr's populist movement has six ministers and a quarter of the parli
Published 17 Apr, 2007 12:00am