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Print - 2007-06-24
Nato air strike kills 10 civilians in Waziristan

Nato air strike kills 10 civilians in Waziristan

Ten civilians were killed when international forces battling Taliban insurgents in Afghanistan fired across the border into Pakistan, the Pakistani military said on Saturday.
Published 24 Jun, 2007 12:00am
Nato air strike kills 10 civilians in Waziristan

Nato air strike kills 10 civilians in Waziristan

Ten civilians were killed when international forces battling Taliban insurgents in Afghanistan fired across the border into Pakistan, the Pakistani military said on Saturday.
Published 24 Jun, 2007 12:00am
CBR DG Intelligence wants to set up parallel system

CBR DG Intelligence wants to set up parallel system

The Directorate General of Intelligence and Investigation has sought powers for selection of cases for income tax audit under the Universal Self Assessment Scheme (USAS), creating a parallel investigation system in addition to audit under the Income Tax O
Published 24 Jun, 2007 12:00am
CBR DG Intelligence wants to set up parallel system

CBR DG Intelligence wants to set up parallel system

The Directorate General of Intelligence and Investigation has sought powers for selection of cases for income tax audit under the Universal Self Assessment Scheme (USAS), creating a parallel investigation system in addition to audit under the Income Tax O
Published 24 Jun, 2007 12:00am
CBR DG Intelligence wants to set up parallel system

CBR DG Intelligence wants to set up parallel system

The Directorate General of Intelligence and Investigation has sought powers for selection of cases for income tax audit under the Universal Self Assessment Scheme (USAS), creating a parallel investigation system in addition to audit under the Income Tax O
Published 24 Jun, 2007 12:00am
President for bold decision by bureaucracy

President for bold decision by bureaucracy

President General Pervez Musharraf, highlighting the importance of the role of executive arm of the government in national development, has underlined the need to further improve it.
Published 24 Jun, 2007 12:00am
President for bold decision by bureaucracy

President for bold decision by bureaucracy

President General Pervez Musharraf, highlighting the importance of the role of executive arm of the government in national development, has underlined the need to further improve it.
Published 24 Jun, 2007 12:00am
HBFC may become limited company

HBFC may become limited company

The federal cabinet is expected to approve the corporatisation of the House Building Finance Corporation (HBFC) converting it into a limited company, sources in the finance ministry told Business Recorder. The cabinet is scheduled to meet on June 2
Published 24 Jun, 2007 12:00am
HBFC may become limited company

HBFC may become limited company

The federal cabinet is expected to approve the corporatisation of the House Building Finance Corporation (HBFC) converting it into a limited company, sources in the finance ministry told Business Recorder. The cabinet is scheduled to meet on June 2
Published 24 Jun, 2007 12:00am
HBFC may become limited company

HBFC may become limited company

The federal cabinet is expected to approve the corporatisation of the House Building Finance Corporation (HBFC) converting it into a limited company, sources in the finance ministry told Business Recorder. The cabinet is scheduled to meet on June 2
Published 24 Jun, 2007 12:00am
Pak-Oman microfinance bank signs pact

Pak-Oman microfinance bank signs pact

An agreement was signed between Pak-Oman Microfinance Bank and ALICQ-AIG Life recently to provide credit protection facility to Pak-Oman borrowers. The objective of the partnership between the two organisations is to ease and protect the obligations of Pa
Published 24 Jun, 2007 12:00am
Chinese women released from captivity

Chinese women released from captivity

The students of an Islamabad religious seminary and central mosque on Saturday freed Chinese women, who were held hostage in an overnight raid on a massage centre, a senior official and the deputy of the seminary said.
Published 24 Jun, 2007 12:00am
Chinese women released from captivity

Chinese women released from captivity

The students of an Islamabad religious seminary and central mosque on Saturday freed Chinese women, who were held hostage in an overnight raid on a massage centre, a senior official and the deputy of the seminary said.
Published 24 Jun, 2007 12:00am
CJP gets rousing welcome on way to Multan

CJP gets rousing welcome on way to Multan

Chief Justice Iftikhar Chaudhry travelled through the Lahore to Multan on Saturday on his latest trip to meet supporters in a campaign posing a growing challenge to President Pervez Musharraf.
Published 24 Jun, 2007 12:00am
CBR restores tariff protection to boost Investment

CBR restores tariff protection to boost Investment

The Central Board of Revenue (CBR) has restored the tariff protection for certain local sectors through amendments in the Finance Bill (2007-2008). Sources said on Saturday that the National Assembly has approved these changes in the Pakistan Customs Tari
Published 24 Jun, 2007 12:00am
CBR restores tariff protection to boost Investment

CBR restores tariff protection to boost Investment

The Central Board of Revenue (CBR) has restored the tariff protection for certain local sectors through amendments in the Finance Bill (2007-2008). Sources said on Saturday that the National Assembly has approved these changes in the Pakistan Customs Tari
Published 24 Jun, 2007 12:00am
CBR restores tariff protection to boost Investment

CBR restores tariff protection to boost Investment

The Central Board of Revenue (CBR) has restored the tariff protection for certain local sectors through amendments in the Finance Bill (2007-2008). Sources said on Saturday that the National Assembly has approved these changes in the Pakistan Customs Tari
Published 24 Jun, 2007 12:00am
Cases against billboards companies planned

Cases against billboards companies planned

The Advisor to Sindh Chief Minister on Home Affairs Wasim Akhtar while expressing grief and shock over the loss of life caused by billboards coming to ground due to heavy rains and thunderstorm said that cases will be registered against the responsible ad
Published 24 Jun, 2007 12:00am
Cases against billboards companies planned

Cases against billboards companies planned

The Advisor to Sindh Chief Minister on Home Affairs Wasim Akhtar while expressing grief and shock over the loss of life caused by billboards coming to ground due to heavy rains and thunderstorm said that cases will be registered against the responsible ad
Published 24 Jun, 2007 12:00am
The Weather

The Weather

The weather report on Saturday (June 23, 2007) and the forecast for Sunday (June 24, 2007).
Published 24 Jun, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (June 23, 2007) and for Sunday (June 24, 2007).
Published 24 Jun, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 23, 2007).

Published 24 Jun, 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 (June 23, 2007).

Published 24 Jun, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (June 23, 2007).

Published 24 Jun, 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 (June 23, 2007).

Published 24 Jun, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am
THE RUPEE: dollar slightly low in interbank trade

THE RUPEE: dollar slightly low in interbank trade

The rupee maintained a firm look as it gained one paisa against dollar in the interbank market on Saturday for buying and selling at Rs 60.61 and Rs 60.63, dealers said.
Published 24 Jun, 2007 12:00am
THE RUPEE: dollar slightly low in interbank trade

THE RUPEE: dollar slightly low in interbank trade

The rupee maintained a firm look as it gained one paisa against dollar in the interbank market on Saturday for buying and selling at Rs 60.61 and Rs 60.63, dealers said.
Published 24 Jun, 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 (June 23, 2007).

Published 24 Jun, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (June 25, 2007).

Published 24 Jun, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (June 25, 2007).

Published 24 Jun, 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 June 25, 2007

Published 24 Jun, 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 June 25, 2007

Published 24 Jun, 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 June 25, 2007

Published 24 Jun, 2007 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (June 23, 2007).

Published 24 Jun, 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 (June 23, 2007).

Published 24 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 23, 2007).

Published 24 Jun, 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 (June 23, 2007).

Published 24 Jun, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (June 23, 2007).

Published 24 Jun, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 23, 2007).
Published 24 Jun, 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 Saturday (June 23, 2007).

Published 24 Jun, 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 Saturday (June 23, 2007).

Published 24 Jun, 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 Saturday (June 23, 2007).

Published 24 Jun, 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 Saturday (June 23, 2007).

Published 24 Jun, 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 24 Jun, 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 24 Jun, 2007 12:00am
CBoT wheat futures down

CBoT wheat futures down

Wheat futures at the Chicago Board of Trade closed lower on Friday as improving harvest weather in the US Plains prompted selling after last week's run-up to 11-year highs, traders said.
Published 24 Jun, 2007 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was unchanged while the December was higher on the forward cottonseed oilcake market on Saturday, dealers said. The July vaida was unchanged at Rs 650.00 and market settled at the same rate without showing any change for the day, dealer sai
Published 24 Jun, 2007 12:00am
Static condition observed on cotton market

Static condition observed on cotton market

Firmer trend was seen on the cotton market as the mills remained on the sideline to analyse the present trend after the rains in both Punjab and Sindh, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2600, they ad
Published 24 Jun, 2007 12:00am
Tea prices down on Jodia Bazaar

Tea prices down on Jodia Bazaar

The trading on tea ended down on Jodia Bazaar here on Saturday. The following variations were noted.
Published 24 Jun, 2007 12:00am
Sharp price changes seen on grain market

Sharp price changes seen on grain market

Prices moved up in the grain market on Saturday as increased purchase was seen in process of trading, dealers said. On the grams side gram Garda Punjab was up by Rs 50 to Rs 2575-2700.
Published 24 Jun, 2007 12:00am
Corn drops nearly five percent

Corn drops nearly five percent

Corn futures at the Chicago Board of Trade fell almost 5 percent on Friday on crop-friendly rains in the US Midwest overnight and forecasts for better crop weather to continue, traders said.
Published 24 Jun, 2007 12:00am
China urges Hong Kong to rethink port role

China urges Hong Kong to rethink port role

Hong Kong should focus on developing its high-end logistics industry and leave the expansion of container terminals to neighbouring cities in China's Guangdong province, a senior Chinese official was quoted as saying by a newspaper on Friday.
Published 24 Jun, 2007 12:00am
Asian freight rates set for rebound due to looming storm

Asian freight rates set for rebound due to looming storm

Bulk freight rates for major Asian routes eased 3 percent from the previous week but were expected to bounce again, as a new storm threatened to disrupt export operations at Australia's Newcastle port.
Published 24 Jun, 2007 12:00am
Santos port moves 6.52 million tonnes cargo

Santos port moves 6.52 million tonnes cargo

Brazil's main port of Santos moved 6.52 million tonnes of cargo in April, down 0.7 percent from 6.56 million tonnes a year ago, Port Authority Codesp said on Thursday.
Published 24 Jun, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 129,270 tonnes cargo including 91,183 tonnes import, 38,087 tonnes export cargo and 2,291 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Published 24 Jun, 2007 12:00am
High prices brake European physical cocoa trade

High prices brake European physical cocoa trade

High London cocoa futures again restrained European physical cocoa trade this week, with only limited industry buying on price dips reported, traders said on Friday. European physical cocoa butter ratios remained high, with the apparent poor quality of In
Published 24 Jun, 2007 12:00am
Australia launches drought-tolerant wheat field trials

Australia launches drought-tolerant wheat field trials

Australia, one of the world's biggest wheat exporters, has launched field trials for drought-tolerant, genetically modified (GMO) wheat. The government body in charge of genetic modification, The Gene Technology Regulator, this week approved an applicatio
Published 24 Jun, 2007 12:00am
Indonesia coffee beans offered at discount

Indonesia coffee beans offered at discount

Indonesian robusta coffee beans are being offered at a discount this week as more supplies come in, but local prices have risen on the back of gains in coffee futures. Exporters have started offering Indonesia coffee beans for prompt shipment at a discoun
Published 24 Jun, 2007 12:00am
New York cocoa climbs

New York cocoa climbs

US cocoa futures finished higher on Friday, on light volume and continued technical support as fund and speculative buying buoyed prices, traders said. "It seems like this market doesn't want to go down right now. It looks like the specs are going to try
Published 24 Jun, 2007 12:00am
US copper ends easier

US copper ends easier

US copper futures trimmed earlier gains to close with modest losses in thin dealings on Friday, as traders banked some profits ahead of the weekend while awaiting news on any strike developments from Chile, analysts said.
Published 24 Jun, 2007 12:00am
New York coffee falls

New York coffee falls

US arabica coffee closed lower on Friday after speculative selling pushed it to a three-week low in technical dealings and thin trade, traders said. "It sounded like some of the short-term specs just sold the market right after the there's just not a lot
Published 24 Jun, 2007 12:00am
CBoT rice lower

CBoT rice lower

Rough rice futures on the Chicago Board of Trade closed lower on Friday on scattered technical selling and slipover from steep declines in corn, soyabbeans and wheat, traders said "We couldn't get out of the way of other grain market losses," one trader s
Published 24 Jun, 2007 12:00am
Soyabeans fall

Soyabeans fall

Soyabean futures on the Chicago Board of Trade fell sharply on Friday on better crop weather in the US Midwest, traders said. Follow-through speculative selling after on Thursday's sharp break also contributed to the declines, they said. CBOT soya closed
Published 24 Jun, 2007 12:00am
New York sugar settles firmer

New York sugar settles firmer

Raw sugar futures closed higher on Friday on trade and options-related buying, and brokers said momentum from this week's move may enable sugar to make a run at 10 cents in the days ahead. New York Board of Trade's key October sugar contract went up 0.09
Published 24 Jun, 2007 12:00am
US gold up

US gold up

US gold futures rose on Friday, extending the previous session's reversal from one-week lows, as a softer dollar and firmer oil prices lent support, dealers said. Gold for August delivery on the New York Mercantile Exchange's COMEX division closed up $2.8
Published 24 Jun, 2007 12:00am
Oil hits nine-month peak

Oil hits nine-month peak

Crude oil prices reached their highest levels for nine months last week, before paring gains on news of rising energy stockpiles in the United States. Base metal lead enjoyed yet another record peak as traders fretted over low global reserves.
Published 24 Jun, 2007 12:00am
China nabs woman in suspected investment scandal

China nabs woman in suspected investment scandal

Police in eastern China have detained a young woman on suspicion of illegally raising 300 million yuan ($39 million) amid promises of high returns, state media said.
Published 24 Jun, 2007 12:00am
Aeroflot to pull out of Alitalia bidding

Aeroflot to pull out of Alitalia bidding

Russian airline Aeroflot will announce within days that it is pulling out of the bidding for Italian airline Alitalia, Interfax news agency cited an unnamed board member as saying on Saturday.
Published 24 Jun, 2007 12:00am
Jordan bank optimistic on economy and foreign exchange

Jordan bank optimistic on economy and foreign exchange

Jordan's economy is doing well and there are no currency problems on the horizon, the country's central bank governor said on Saturday. "I am optimistic when I look at all variables and find that they are in the right direction," central bank governor Uma
Published 24 Jun, 2007 12:00am