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Print - 2007-06-13
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 12, 2007).

Published 13 Jun, 2007 12:00am
PTI urges public to welcome Imran

PTI urges public to welcome Imran

Pakistan Tehreek Insaf (PTI) has urged public to gather in large number at Islamabad airport on June 14 and welcome Chairman PTI, Imran Khan returning from London after consulting a legal team to finalise case against Altaf Hussain.
Published 13 Jun, 2007 12:00am
Severe outage irks twin cities residents

Severe outage irks twin cities residents

The residents of twin cities are facing severe load shedding and the government is doing nothing in this respect. The severe load shedding in hot summer season has created a lot of problems for the masses.
Published 13 Jun, 2007 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

For the last three days the government has tried to create an impression that the current year's budget would bring relief to the harried populace.
Published 13 Jun, 2007 12:00am
THE RUPEE: all-round slide in currency market

THE RUPEE: all-round slide in currency market

All-round declines were seen in the currency market on Tuesday as the rupee drifted lower against dollar and euro, dealers said. The rupee fell against dollar bt three paisa in the interbank market for buying and selling at Rs 60.68 and Rs 60.70, they sai
Published 13 Jun, 2007 12:00am
Rawalpindi-Islamabad mass transit to start soon: Rashid

Rawalpindi-Islamabad mass transit to start soon: Rashid

Federal Minister for Railways Sheikh Rashid Ahmed has said that mass transit train between Rawalpindi and Islamabad would not only provide easy communication link to the people of the twin city but also decrease pressure on the roads.
Published 13 Jun, 2007 12:00am
THE RUPEE: all-round slide in currency market

THE RUPEE: all-round slide in currency market

All-round declines were seen in the currency market on Tuesday as the rupee drifted lower against dollar and euro, dealers said. The rupee fell against dollar bt three paisa in the interbank market for buying and selling at Rs 60.68 and Rs 60.70, they sai
Published 13 Jun, 2007 12:00am
APC in London from July 7

APC in London from July 7

Former Pakistani Prime Minister Nawaz Sharif and Imran Khan announced on Tuesday that they are teaming up to seek to end the "dictatorship" of President Pervez Musharraf. Speaking at a joint press conference in London, they said they plan to hold a confer
Published 13 Jun, 2007 12:00am
Polish company to start offshore drilling next year

Polish company to start offshore drilling next year

A Polish oil and gas company will start offshore drilling for exploration in Pakistan''s deep sea early next year. The Ministry of Petroleum and Natural Resources has given 24 concessionary licences to Polish Oil and Gas Corporation (POGC), of which 20 li
Published 13 Jun, 2007 12:00am
Polish company to start offshore drilling next year

Polish company to start offshore drilling next year

A Polish oil and gas company will start offshore drilling for exploration in Pakistan's deep sea early next year. The Ministry of Petroleum and Natural Resources has given 24 concessionary licences to Polish Oil and Gas Corporation (POGC), of which 20 lic
Published 13 Jun, 2007 12:00am
Polish company to start offshore drilling next year

Polish company to start offshore drilling next year

A Polish oil and gas company will start offshore drilling for exploration in Pakistan's deep sea early next year. The Ministry of Petroleum and Natural Resources has given 24 concessionary licences to Polish Oil and Gas Corporation (POGC), of which 20 lic
Published 13 Jun, 2007 12:00am
CBR to bring undocumented economy into tax net

CBR to bring undocumented economy into tax net

The Central Board of Revenue (CBR) will bring the undocumented economy into the tax net with the help of a databank containing information collected from various external sources including banks.
Published 13 Jun, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (June 12, 2007).

Published 13 Jun, 2007 12:00am
CBR to bring undocumented economy into tax net

CBR to bring undocumented economy into tax net

The Central Board of Revenue (CBR) will bring the undocumented economy into the tax net with the help of a databank containing information collected from various external sources including banks.
Published 13 Jun, 2007 12:00am
CBR to bring undocumented economy into tax net

CBR to bring undocumented economy into tax net

The Central Board of Revenue (CBR) will bring the undocumented economy into the tax net with the help of a databank containing information collected from various external sources including banks.
Published 13 Jun, 2007 12:00am
Corporate sector's restructuring planned in budget: LTU director general

Corporate sector's restructuring planned in budget: LTU director general

The government has planned to restructure the corporate sector in the Federal Budget 2007-08. Mukhtar Ahmed Gondal, director general, Large Taxpayers Unit (LTU), Karachi, stated this at post-budget seminar organised by Income Tax Bar Association here on T
Published 13 Jun, 2007 12:00am
Corporate sector's restructuring planned in budget: LTU director general

Corporate sector's restructuring planned in budget: LTU director general

The government has planned to restructure the corporate sector in the Federal Budget 2007-08. Mukhtar Ahmed Gondal, director general, Large Taxpayers Unit (LTU), Karachi, stated this at post-budget seminar organised by Income Tax Bar Association here on T
Published 13 Jun, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (June 12, 2007).

Published 13 Jun, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Jun, 2007 12:00am
MQM files reference against Imran in National Assembly

MQM files reference against Imran in National Assembly

The Muttahida Qaumi Movement (MQM) has filed a reference in the National Assembly to declare Imran Khan ineligible for Parliament membership. Pakistan Tehrik-e-Insaaf (PTI) Chairman Imran Khan's disqualification has been sought under Article 62-63 of the
Published 13 Jun, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Jun, 2007 12:00am
MQM files reference against Imran in National Assembly

MQM files reference against Imran in National Assembly

The Muttahida Qaumi Movement (MQM) has filed a reference in the National Assembly to declare Imran Khan ineligible for Parliament membership. Pakistan Tehrik-e-Insaaf (PTI) Chairman Imran Khan's disqualification has been sought under Article 62-63 of the
Published 13 Jun, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 13 Jun, 2007 12:00am
Pakistan's stock market booming: WSJ

Pakistan's stock market booming: WSJ

Pakistan's stock market is soaring to record levels and could rise further following Saturday's announcement of national budget for 2007-08, which envisages record development spending and relief to low-income people, The Wall Street Journal reported on M
Published 13 Jun, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (June 12, 2007).

Published 13 Jun, 2007 12:00am
NWFP to get additional Rs nine billion in NFC award: Muqam

NWFP to get additional Rs nine billion in NFC award: Muqam

Federal Minister for Political Affairs, Engr Amir Muqam has said the federal government will give an additional amount of Rs 9 billion to the NWFP from the NFC award in 2007-08 showing considerable increase over the outgoing fiscal.
Published 13 Jun, 2007 12:00am
No proposal under study to raise number of provinces: Saifullah

No proposal under study to raise number of provinces: Saifullah

Minister for Inter Provincial Co-ordination, Salim Saifullah Khan has said that government is considering no proposal to increase the number of provinces in country. Talking to a private television channel the Minister said rather the deliberation was bei
Published 13 Jun, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Jun, 2007 12:00am
Pakistan believes fencing to curb militants movement

Pakistan believes fencing to curb militants movement

Pakistan on Tuesday defended a controversial anti-insurgent fence that it is building on the Afghan border, saying that it has curbed the movement of Taliban and al Qaeda rebels.
Published 13 Jun, 2007 12:00am
India accuses Pakistan as death toll mounts in IoK

India accuses Pakistan as death toll mounts in IoK

India on Tuesday accused arch-rival Pakistan of continuing to push Islamic militants into its part of disputed Kashmir following fresh clashes along the heavily militarised border.
Published 13 Jun, 2007 12:00am
LSE index gains 13.42 points

LSE index gains 13.42 points

Bullish trend prevailed on the Lahore Stock Exchange on Tuesday where equities registered gains amid ascending transaction volume on account of investors' interest who made fresh entries in the cement sector.
Published 13 Jun, 2007 12:00am
LSE index gains 13.42 points

LSE index gains 13.42 points

Bullish trend prevailed on the Lahore Stock Exchange on Tuesday where equities registered gains amid ascending transaction volume on account of investors' interest who made fresh entries in the cement sector.
Published 13 Jun, 2007 12:00am
Bullish trend on ISE

Bullish trend on ISE

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed healthy signs amid increase in index. The ISE-10 Index showed an increase of 1.31 points as the index moved from 2,701.54 to 2,702.85 points. The overall turnover
Published 13 Jun, 2007 12:00am
Bullish trend on ISE

Bullish trend on ISE

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed healthy signs amid increase in index. The ISE-10 Index showed an increase of 1.31 points as the index moved from 2,701.54 to 2,702.85 points. The overall turnover
Published 13 Jun, 2007 12:00am
Duty on 67 items raised

Duty on 67 items raised

The Central Board of Revenue (CBR) has raised customs duty on import of 67 goods, including poultry meat, welded stainless steel pipes and certain other components used in assembly and manufacture of vehicles in any kit form.
Published 13 Jun, 2007 12:00am
Duty on 67 items raised

Duty on 67 items raised

The Central Board of Revenue (CBR) has raised customs duty on import of 67 goods, including poultry meat, welded stainless steel pipes and certain other components used in assembly and manufacture of vehicles in any kit form.
Published 13 Jun, 2007 12:00am
Duty on 67 items raised

Duty on 67 items raised

The Central Board of Revenue (CBR) has raised customs duty on import of 67 goods, including poultry meat, welded stainless steel pipes and certain other components used in assembly and manufacture of vehicles in any kit form.
Published 13 Jun, 2007 12:00am
Duty on 67 items raised

Duty on 67 items raised

The Central Board of Revenue (CBR) has raised customs duty on import of 67 goods, including poultry meat, welded stainless steel pipes and certain other components used in assembly and manufacture of vehicles in any kit form.
Published 13 Jun, 2007 12:00am
Big changes made in Customs Act

Big changes made in Customs Act

The Central Board of Revenue (CBR) has introduced massive changes in the Customs Act, 1969 with a view to simplify import procedures; expedite cases at the level of adjudication and tribunals and bring customs laws in line with the WTO rules and regulatio
Published 13 Jun, 2007 12:00am
Big changes made in Customs Act

Big changes made in Customs Act

The Central Board of Revenue (CBR) has introduced massive changes in the Customs Act, 1969 with a view to simplify import procedures; expedite cases at the level of adjudication and tribunals and bring customs laws in line with the WTO rules and regulatio
Published 13 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (June 12, 2007).

Published 13 Jun, 2007 12:00am
Big changes made in Customs Act

Big changes made in Customs Act

The Central Board of Revenue (CBR) has introduced massive changes in the Customs Act, 1969 with a view to simplify import procedures; expedite cases at the level of adjudication and tribunals and bring customs laws in line with the WTO rules and regulatio
Published 13 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (June 12, 2007).

Published 13 Jun, 2007 12:00am
Big changes made in Customs Act

Big changes made in Customs Act

The Central Board of Revenue (CBR) has introduced massive changes in the Customs Act, 1969 with a view to simplify import procedures; expedite cases at the level of adjudication and tribunals and bring customs laws in line with the WTO rules and regulatio
Published 13 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (June 12, 2007).

Published 13 Jun, 2007 12:00am
Nepra, Pemra, Ogra and others to be taxed

Nepra, Pemra, Ogra and others to be taxed

The income of regulatory authorities like Pakistan Electronic Media Regulatory Authority (Pemra); Pakistan Telecommunication Authority (PTA); Oil and Gas Regulatory Authority (Ogra) and National Electric power Regulatory Authority (Nepra) and other develo
Published 13 Jun, 2007 12:00am
Nepra, Pemra, Ogra and others to be taxed

Nepra, Pemra, Ogra and others to be taxed

The income of regulatory authorities like Pakistan Electronic Media Regulatory Authority (Pemra); Pakistan Telecommunication Authority (PTA); Oil and Gas Regulatory Authority (Ogra) and National Electric power Regulatory Authority (Nepra) and other develo
Published 13 Jun, 2007 12:00am
Nepra, Pemra, Ogra and others to be taxed

Nepra, Pemra, Ogra and others to be taxed

The income of regulatory authorities like Pakistan Electronic Media Regulatory Authority (Pemra); Pakistan Telecommunication Authority (PTA); Oil and Gas Regulatory Authority (Ogra) and National Electric power Regulatory Authority (Nepra) and other develo
Published 13 Jun, 2007 12:00am
Nepra, Pemra, Ogra and others to be taxed

Nepra, Pemra, Ogra and others to be taxed

The income of regulatory authorities like Pakistan Electronic Media Regulatory Authority (Pemra); Pakistan Telecommunication Authority (PTA); Oil and Gas Regulatory Authority (Ogra) and National Electric power Regulatory Authority (Nepra) and other develo
Published 13 Jun, 2007 12:00am
BRIndex30 up 69.58 points

BRIndex30 up 69.58 points

On Tuesday, the BRIndex30 opened at 15,094.09 in the positive zone with an upward gap of 43.66 points, and remained there for whole of the trading time. It closed at 15,120.01 points. The BRIndex30 registered a net positive change of 69.58 points, or 0.46
Published 13 Jun, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 12, 2007).

Published 13 Jun, 2007 12:00am
BRIndex30 up 69.58 points

BRIndex30 up 69.58 points

On Tuesday, the BRIndex30 opened at 15,094.09 in the positive zone with an upward gap of 43.66 points, and remained there for whole of the trading time. It closed at 15,120.01 points. The BRIndex30 registered a net positive change of 69.58 points, or 0.46
Published 13 Jun, 2007 12:00am
Renewed buying emerges on KSE

Renewed buying emerges on KSE

Renewed buying spree was witnessed on Karachi share market on Tuesday, led by cement and banking sectors, as a result of which the KSE-100 index surged by 57.89 points, closing at a new high level of 13,326.17 points. On the other hand, the KSE-30 index g
Published 13 Jun, 2007 12:00am
Renewed buying emerges on KSE

Renewed buying emerges on KSE

Renewed buying spree was witnessed on Karachi share market on Tuesday, led by cement and banking sectors, as a result of which the KSE-100 index surged by 57.89 points, closing at a new high level of 13,326.17 points. On the other hand, the KSE-30 index g
Published 13 Jun, 2007 12:00am
Renewed buying emerges on KSE

Renewed buying emerges on KSE

Renewed buying spree was witnessed on Karachi share market on Tuesday, led by cement and banking sectors, as a result of which the KSE-100 index surged by 57.89 points, closing at a new high level of 13,326.17 points. On the other hand, the KSE-30 index g
Published 13 Jun, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 12, 2007).

Published 13 Jun, 2007 12:00am
Contradiction

Contradiction

The Ministry of Commerce has noted a news item in the ''Business Recorder'' of Tuesday, June 12, 2007, from Islamabad under the caption ''Humayun''s proposal seeking rupee devaluation rejected''.
Published 13 Jun, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 12, 2007).
Published 13 Jun, 2007 12:00am
Contradiction

Contradiction

The Ministry of Commerce has noted a news item in the 'Business Recorder' of Tuesday, June 12, 2007, from Islamabad under the caption 'Humayun's proposal seeking rupee devaluation rejected'.
Published 13 Jun, 2007 12:00am