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Print - 2007-04-22
Staggering holidays: Fesco and FCCI to implement schedule

Staggering holidays: Fesco and FCCI to implement schedule

Faisalabad Electric Supply Company (Fesco) and Faisalabad Chamber of Commerce and industry (FCCI) has reiterated to fully implement the schedule mutually worked out for staggering holidays in Faisalabad.
Published 22 Apr, 2007 12:00am
Traders to visit Portugal and Spain

Traders to visit Portugal and Spain

With focus to increase Pakistan's exports to Iberian Peninsula, Trade Development Authority of Pakistan (TDAP) is arranging trade delegations to Portugal and Spain in the month of May.
Published 22 Apr, 2007 12:00am
Pakistan and Philippines agree to enhance ties

Pakistan and Philippines agree to enhance ties

Prime Minister Shaukat Aziz has said that Pakistan is supportive of giving observer status to Philippines in the Organisation of Islamic Conference (OIC) as it seeks greater engagement with the Asean countries as it will be beneficial to both sides.
Published 22 Apr, 2007 12:00am
China Mobile to invest $400 million in Pakistan

China Mobile to invest $400 million in Pakistan

China Mobile is to invest 400 million dollars to extend its network in Pakistan said the company's CEO Wang Jianzhou here on Saturday. Wang said the company would step up improving sales channels and building new brands in Pakistan next year, adding that
Published 22 Apr, 2007 12:00am
Protocol inked with Kazakhstan

Protocol inked with Kazakhstan

Pakistan and Kazakhstan signed a protocol to enhance co-operation in the fields of trade, economic, science and technology, education, communications, environment, tourism, and water and power sectors, officials said on Saturday.
Published 22 Apr, 2007 12:00am
Protocol inked with Kazakhstan

Protocol inked with Kazakhstan

Pakistan and Kazakhstan signed a protocol to enhance co-operation in the fields of trade, economic, science and technology, education, communications, environment, tourism, and water and power sectors, officials said on Saturday.
Published 22 Apr, 2007 12:00am
Protocol inked with Kazakhstan

Protocol inked with Kazakhstan

Pakistan and Kazakhstan signed a protocol to enhance co-operation in the fields of trade, economic, science and technology, education, communications, environment, tourism, and water and power sectors, officials said on Saturday.
Published 22 Apr, 2007 12:00am
Europe gets US fillip in bid to tame euro

Europe gets US fillip in bid to tame euro

European finance ministers got help from Washington on Saturday as they renewed an endeavour to prevent the euro''s rise getting out of hand. Whether that would prevent the euro rising further on Monday or in coming weeks was not clear, but it coincided w
Published 22 Apr, 2007 12:00am
Europe gets US fillip in bid to tame euro

Europe gets US fillip in bid to tame euro

European finance ministers got help from Washington on Saturday as they renewed an endeavour to prevent the euro's rise getting out of hand. Whether that would prevent the euro rising further on Monday or in coming weeks was not clear, but it coincided wi
Published 22 Apr, 2007 12:00am
Europe gets US fillip in bid to tame euro

Europe gets US fillip in bid to tame euro

European finance ministers got help from Washington on Saturday as they renewed an endeavour to prevent the euro's rise getting out of hand. Whether that would prevent the euro rising further on Monday or in coming weeks was not clear, but it coincided wi
Published 22 Apr, 2007 12:00am
Tainted pet food found in US livestock feed

Tainted pet food found in US livestock feed

Pet food tainted with the chemical melamine was found in feed rations on a California hog farm and may show up on other US farms, state and federal officials said on Friday.
Published 22 Apr, 2007 12:00am
Taiwan shows model missiles to strike China

Taiwan shows model missiles to strike China

Taiwan's military this week simulated a battle using defensive short-range and cruise missiles that could hit military targets in China if fully developed, a defence spokesman and local media said on Saturday.
Published 22 Apr, 2007 12:00am
Space engineer kills co-worker, self

Space engineer kills co-worker, self

An armed space engineer killed a co-worker he had taken hostage, then himself, in an attack on Friday at NASA's Johnson Space Center. Another hostage, a female co-worker, was found bound with duct tape, but unharmed, police said. "Apparently there was som
Published 22 Apr, 2007 12:00am
Japan to speed up missile defence plans

Japan to speed up missile defence plans

Japan wants to move up plans for setting up missile interceptors, Defence Minister Fumio Kyuma was quoted as saying on Saturday, as Tokyo tries to beef up defences against its unpredictable neighbour North Korea.
Published 22 Apr, 2007 12:00am
Wal-Mart finds no evidence of surveillance

Wal-Mart finds no evidence of surveillance

Wal-Mart Stores Inc said on Friday that it has found no evidence that a fired systems technician secretly listened to its board or that the retailer conducted surveillance on shareholders who submitted proposals for its upcoming shareholders meeting.
Published 22 Apr, 2007 12:00am
Wal-Mart finds no evidence of surveillance

Wal-Mart finds no evidence of surveillance

Wal-Mart Stores Inc said on Friday that it has found no evidence that a fired systems technician secretly listened to its board or that the retailer conducted surveillance on shareholders who submitted proposals for its upcoming shareholders meeting.
Published 22 Apr, 2007 12:00am
Heavy participation witnessed in PIB auction: Rs 15 billion accepted

Heavy participation witnessed in PIB auction: Rs 15 billion accepted

Heavy participation was witnessed in the 38th Pakistan Investments Bond (PIB) auction, the fourth in the current fiscal year, while all were reopening of previous issues. The SBP almost maintained its given PIB target amount of Rs 15 billion.
Published 22 Apr, 2007 12:00am
Heavy participation witnessed in PIB auction: Rs 15 billion accepted

Heavy participation witnessed in PIB auction: Rs 15 billion accepted

Heavy participation was witnessed in the 38th Pakistan Investments Bond (PIB) auction, the fourth in the current fiscal year, while all were reopening of previous issues. The SBP almost maintained its given PIB target amount of Rs 15 billion.
Published 22 Apr, 2007 12:00am
Heavy participation witnessed in PIB auction: Rs 15 billion accepted

Heavy participation witnessed in PIB auction: Rs 15 billion accepted

Heavy participation was witnessed in the 38th Pakistan Investments Bond (PIB) auction, the fourth in the current fiscal year, while all were reopening of previous issues. The SBP almost maintained its given PIB target amount of Rs 15 billion.
Published 22 Apr, 2007 12:00am
Heavy participation witnessed in PIB auction: Rs 15 billion accepted

Heavy participation witnessed in PIB auction: Rs 15 billion accepted

Heavy participation was witnessed in the 38th Pakistan Investments Bond (PIB) auction, the fourth in the current fiscal year, while all were reopening of previous issues. The SBP almost maintained its given PIB target amount of Rs 15 billion.
Published 22 Apr, 2007 12:00am
Aptpma calls for balanced textile policy

Aptpma calls for balanced textile policy

Textile is undoubtedly the National Industry No 1 of Pakistan which has provided self-sufficiency in dress and apparel to the teeming millions of its domestic consumers on one hand besides producing quality fabrics, garments and other value-added products
Published 22 Apr, 2007 12:00am
Aptpma calls for balanced textile policy

Aptpma calls for balanced textile policy

Textile is undoubtedly the National Industry No 1 of Pakistan which has provided self-sufficiency in dress and apparel to the teeming millions of its domestic consumers on one hand besides producing quality fabrics, garments and other value-added products
Published 22 Apr, 2007 12:00am
Aptpma calls for balanced textile policy

Aptpma calls for balanced textile policy

Textile is undoubtedly the National Industry No 1 of Pakistan which has provided self-sufficiency in dress and apparel to the teeming millions of its domestic consumers on one hand besides producing quality fabrics, garments and other value-added products
Published 22 Apr, 2007 12:00am
SBP withdraws ceiling on house financing

SBP withdraws ceiling on house financing

The State Bank of Pakistan (SBP) has withdrawn limit of 10 percent exposure of banks/DFIs under housing finance to develop housing portfolio and facilitate these institutions exploit potential of this sector.
Published 22 Apr, 2007 12:00am
SBP withdraws ceiling on house financing

SBP withdraws ceiling on house financing

The State Bank of Pakistan (SBP) has withdrawn limit of 10 percent exposure of banks/DFIs under housing finance to develop housing portfolio and facilitate these institutions exploit potential of this sector.
Published 22 Apr, 2007 12:00am
SBP withdraws ceiling on house financing

SBP withdraws ceiling on house financing

The State Bank of Pakistan (SBP) has withdrawn limit of 10 percent exposure of banks/DFIs under housing finance to develop housing portfolio and facilitate these institutions exploit potential of this sector.
Published 22 Apr, 2007 12:00am
Acca calls for cut in corporate tax rate

Acca calls for cut in corporate tax rate

The Association of Chartered Certified Accountants (Acca) has proposed to the government to reduce corporate tax rate to below 35 percent, as has been done by most of the countries in South Asian region eager to encourage foreign investment, sources said
Published 22 Apr, 2007 12:00am
Acca calls for cut in corporate tax rate

Acca calls for cut in corporate tax rate

The Association of Chartered Certified Accountants (Acca) has proposed to the government to reduce corporate tax rate to below 35 percent, as has been done by most of the countries in South Asian region eager to encourage foreign investment, sources said
Published 22 Apr, 2007 12:00am
Acca calls for cut in corporate tax rate

Acca calls for cut in corporate tax rate

The Association of Chartered Certified Accountants (Acca) has proposed to the government to reduce corporate tax rate to below 35 percent, as has been done by most of the countries in South Asian region eager to encourage foreign investment, sources said
Published 22 Apr, 2007 12:00am
Acca calls for cut in corporate tax rate

Acca calls for cut in corporate tax rate

The Association of Chartered Certified Accountants (Acca) has proposed to the government to reduce corporate tax rate to below 35 percent, as has been done by most of the countries in South Asian region eager to encourage foreign investment, sources said
Published 22 Apr, 2007 12:00am
Queen Elizabeth II turns 81 with muted celebrations

Queen Elizabeth II turns 81 with muted celebrations

Britain's Queen Elizabeth II was marking her 81st birthday in private on Saturday - a far cry from last year's public celebrations in front of cheering, flag-waving crowds. The queen, on the throne since 1952, was to spend the day in private at Windsor Ca
Published 22 Apr, 2007 12:00am
Children facing domestic violence suffer anxiety and depression

Children facing domestic violence suffer anxiety and depression

The children facing family violence are more likely to develop social, emotional, psychological and behavioural problems while those who witness domestic violence show more anxiety, low self esteem, depression, anger and temperament problems.
Published 22 Apr, 2007 12:00am
The Weather

The Weather

The weather report on Saturday (April 21, 2007) and the forecast for Sunday (April 22, 2007).
Published 22 Apr, 2007 12:00am
Mogadishu war escalates, hundreds dead

Mogadishu war escalates, hundreds dead

Shells pounded Mogadishu on Saturday, killing at least 73 people to swell a death-toll already in the hundreds from this week's battles pitting militias and Islamists against Somali and Ethiopian troops.
Published 22 Apr, 2007 12:00am
Your rupee last quarter

Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter (January 04 to March 31, 2007).

Published 22 Apr, 2007 12:00am
Installation of palm oil unit discussed

Installation of palm oil unit discussed

A meeting was held between Malaysian Minister for Plantation Industries and Commodities, Datuk Peter Chin and Pakistan Minister of State for Food and Agriculture, Muhammad Ali Malkani here on Saturday to discuss installation of palm oil extraction mill in
Published 22 Apr, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 21, 2007).

Published 22 Apr, 2007 12:00am
Loan limit for doctors increased up to Rs 1.5 million

Loan limit for doctors increased up to Rs 1.5 million

The Punjab Health Foundation (PHF) has increased the limit of interest free loans for doctors up to Rs 1.5 million to set up clinics and purchase of equipment. Provincial Minister for Health Chaudhry Mohammad Iqbal said this during a meeting with a delega
Published 22 Apr, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (April 21, 2007) and for Sunday (April 22, 2007).
Published 22 Apr, 2007 12:00am
England 238-6 after 43 overs

England 238-6 after 43 overs

England were 238-6 after 47 overs in their last World Cup Super Eights match against West Indies at the Kensington Oval on Saturday chasing 301 to win.
Published 22 Apr, 2007 12:00am
England 238-6 after 43 overs

England 238-6 after 43 overs

England were 238-6 after 47 overs in their last World Cup Super Eights match against West Indies at the Kensington Oval on Saturday chasing 301 to win.
Published 22 Apr, 2007 12:00am
Hasina Wajid to return Bangladesh today

Hasina Wajid to return Bangladesh today

Bangladesh's opposition leader Sheikh Hasina Wajid vowed Saturday to return to the country despite a government ban and a murder charge, an aide said, as her rival and former premier Khaleda Zia faced exile in Saudia Arabia.
Published 22 Apr, 2007 12:00am
Hasina Wajid to return Bangladesh today

Hasina Wajid to return Bangladesh today

Bangladesh's opposition leader Sheikh Hasina Wajid vowed Saturday to return to the country despite a government ban and a murder charge, an aide said, as her rival and former premier Khaleda Zia faced exile in Saudia Arabia.
Published 22 Apr, 2007 12:00am
Sales tax relief on diagnostic kits import allowed

Sales tax relief on diagnostic kits import allowed

The Central Board of Revenue (CBR) has announced concessionary rate of customs duty and sales tax exemption on the import of 56 different types of diagnostic kits/equipment. The CBR on Saturday issued SRO.328(I)/2007 to amend SRO. 575(I)/2006 to facilitat
Published 22 Apr, 2007 12:00am
Sales tax relief on diagnostic kits import allowed

Sales tax relief on diagnostic kits import allowed

The Central Board of Revenue (CBR) has announced concessionary rate of customs duty and sales tax exemption on the import of 56 different types of diagnostic kits/equipment. The CBR on Saturday issued SRO.328(I)/2007 to amend SRO. 575(I)/2006 to facilitat
Published 22 Apr, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 21, 2007).

Published 22 Apr, 2007 12:00am
Sales tax relief on diagnostic kits import allowed

Sales tax relief on diagnostic kits import allowed

The Central Board of Revenue (CBR) has announced concessionary rate of customs duty and sales tax exemption on the import of 56 different types of diagnostic kits/equipment. The CBR on Saturday issued SRO.328(I)/2007 to amend SRO. 575(I)/2006 to facilitat
Published 22 Apr, 2007 12:00am
Sales tax relief on diagnostic kits import allowed

Sales tax relief on diagnostic kits import allowed

The Central Board of Revenue (CBR) has announced concessionary rate of customs duty and sales tax exemption on the import of 56 different types of diagnostic kits/equipment. The CBR on Saturday issued SRO.328(I)/2007 to amend SRO. 575(I)/2006 to facilitat
Published 22 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 (April 21, 2007).

Published 22 Apr, 2007 12:00am
Nine-month textile exports cross $8 billion

Nine-month textile exports cross $8 billion

Pakistan''s textile exports crossed $8 billion mark registering a growth of 7 percent during first nine months (July-March) of the current fiscal year (2006-07), according to official statistics on Saturday.
Published 22 Apr, 2007 12:00am
Nine-month textile exports cross $8 billion

Nine-month textile exports cross $8 billion

Pakistan's textile exports crossed $8 billion mark registering a growth of 7 percent during first nine months (July-March) of the current fiscal year (2006-07), according to official statistics on Saturday.
Published 22 Apr, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (April 21, 2007).

Published 22 Apr, 2007 12:00am
Nine-month textile exports cross $8 billion

Nine-month textile exports cross $8 billion

Pakistan's textile exports crossed $8 billion mark registering a growth of 7 percent during first nine months (July-March) of the current fiscal year (2006-07), according to official statistics on Saturday.
Published 22 Apr, 2007 12:00am
Audit objections should not be raised in sub judice cases

Audit objections should not be raised in sub judice cases

The Central Board of Revenue (CBR) has proposed to the Auditor-General of Pakistan that the sub judice cases at the level of High Court and Supreme Court of Pakistan, involving interpretation of tax laws, should not form the basis for raising audit object
Published 22 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 (April 21, 2007).

Published 22 Apr, 2007 12:00am
Audit objections should not be raised in sub judice cases

Audit objections should not be raised in sub judice cases

The Central Board of Revenue (CBR) has proposed to the Auditor-General of Pakistan that the sub judice cases at the level of High Court and Supreme Court of Pakistan, involving interpretation of tax laws, should not form the basis for raising audit object
Published 22 Apr, 2007 12:00am
Audit objections should not be raised in sub judice cases

Audit objections should not be raised in sub judice cases

The Central Board of Revenue (CBR) has proposed to the Auditor-General of Pakistan that the sub judice cases at the level of High Court and Supreme Court of Pakistan, involving interpretation of tax laws, should not form the basis for raising audit object
Published 22 Apr, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 21, 2007).

Published 22 Apr, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 21, 2007).

Published 22 Apr, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 21, 2007).

Published 22 Apr, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 21, 2007).

Published 22 Apr, 2007 12:00am
Reference termed according to law

Reference termed according to law

High government officials have said the reference against Chief Justice Mr Justice Iftikhar Mohammed Chaudhry has been filed strictly in accordance with law and the Constitution of Pakistan. During a briefing of the electronic media representatives in Isl
Published 22 Apr, 2007 12:00am
Reference termed according to law

Reference termed according to law

High government officials have said the reference against Chief Justice Mr Justice Iftikhar Mohammed Chaudhry has been filed strictly in accordance with law and the Constitution of Pakistan. During a briefing of the electronic media representatives in Isl
Published 22 Apr, 2007 12:00am
CJP for legal protection to investors

CJP for legal protection to investors

Pakistan Chief Justice Iftikhar Mohammad Chaudhry has stressed the need for providing legal protection to investments to usher the country into the age of development and prosperity. He said that when a person invests in a country, he first goes through t
Published 22 Apr, 2007 12:00am
THE RUPEE: steady trend in currency market

THE RUPEE: steady trend in currency market

Steady trend was seen in the in the interbank market on Saturday as the rupee shed one paisa against dollar for buying at Rs 60.68 and was unchanged for selling at 60.69, dealers said. The market was moving on demand and supply factor; so the rupee manage
Published 22 Apr, 2007 12:00am
CJP for legal protection to investors

CJP for legal protection to investors

Pakistan Chief Justice Iftikhar Mohammad Chaudhry has stressed the need for providing legal protection to investments to usher the country into the age of development and prosperity. He said that when a person invests in a country, he first goes through t
Published 22 Apr, 2007 12:00am
THE RUPEE: steady trend in currency market

THE RUPEE: steady trend in currency market

Steady trend was seen in the in the interbank market on Saturday as the rupee shed one paisa against dollar for buying at Rs 60.68 and was unchanged for selling at 60.69, dealers said. The market was moving on demand and supply factor; so the rupee manage
Published 22 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 (April 21, 2007).

Published 22 Apr, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (April 23, 2007).

Published 22 Apr, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (April 23, 2007).

Published 22 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 23, 2007

Published 22 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 23, 2007

Published 22 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 23, 2007

Published 22 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 (April 21, 2007).

Published 22 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 (April 21, 2007).

Published 22 Apr, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 21, 2007).

Published 22 Apr, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 21, 2007).

Published 22 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 (April 21, 2007).

Published 22 Apr, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (April 21, 2007).

Published 22 Apr, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (April 21, 2007).
Published 22 Apr, 2007 12:00am
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