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Print - 2007-07-20
UNDP to give $46.5 million for disaster risk management programme

UNDP to give $46.5 million for disaster risk management programme

The United Nations Development Program (UNDP) will provide $46.5 million to Pakistan over the next five years for launching capacity building programme in Disaster Risk Management (DRM). An agreement to this effect had already been signed by UNDP and Econ
Published 20 Jul, 2007 12:00am
Germany to provide aid for flood victims

Germany to provide aid for flood victims

Germany will provide financial assistance worth Rs 320,000 to Community Advisory and Welfare (CAW) services towards flood affectees in Sindh and Balochistan provinces.
Published 20 Jul, 2007 12:00am
'Roadmap for enhancing trade with China being worked out'

'Roadmap for enhancing trade with China being worked out'

The trade delegation under Chinese Assistant Trade Minister Wang Chao met with Commerce Minister Humayun Akhtar Khan, a Commerce Ministry statement said on Thursday. The delegation consisted of traders and importers from China. Secretary Commerce, Syed As
Published 20 Jul, 2007 12:00am
Pak-India economic cooperation talks on July 31

Pak-India economic cooperation talks on July 31

The fourth round of Pak-India talks on economic and commercial co-operation under composite dialogue will commence here on July 31. Pakistani delegation led by Commerce Secretary Syed Asif Ali Shah will arrive in the Indian capital on July 30 to attend th
Published 20 Jul, 2007 12:00am
Pak-India economic cooperation talks on July 31

Pak-India economic cooperation talks on July 31

The fourth round of Pak-India talks on economic and commercial co-operation under composite dialogue will commence here on July 31. Pakistani delegation led by Commerce Secretary Syed Asif Ali Shah will arrive in the Indian capital on July 30 to attend th
Published 20 Jul, 2007 12:00am
Pak-India economic cooperation talks on July 31

Pak-India economic cooperation talks on July 31

The fourth round of Pak-India talks on economic and commercial co-operation under composite dialogue will commence here on July 31. Pakistani delegation led by Commerce Secretary Syed Asif Ali Shah will arrive in the Indian capital on July 30 to attend th
Published 20 Jul, 2007 12:00am
Bears command ISE proceedings

Bears command ISE proceedings

Bears commanded the proceedings on Thursday at the Islamabad Stock Exchange where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index fell by 103.38 points as the index moved from 3,071.18 to 2,967.80 point
Published 20 Jul, 2007 12:00am
Bears command ISE proceedings

Bears command ISE proceedings

Bears commanded the proceedings on Thursday at the Islamabad Stock Exchange where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index fell by 103.38 points as the index moved from 3,071.18 to 2,967.80 point
Published 20 Jul, 2007 12:00am
LSE extends overnight losses

LSE extends overnight losses

Share values extended the overnight losses on Lahore Stock Exchange (LSE) on Thursday, as investors, panicked by the fresh suicidal attack in Hub, took to heavy off-loading, resultantly the benchmark index underwent another loss of 3.48 percent.
Published 20 Jul, 2007 12:00am
LSE extends overnight losses

LSE extends overnight losses

Share values extended the overnight losses on Lahore Stock Exchange (LSE) on Thursday, as investors, panicked by the fresh suicidal attack in Hub, took to heavy off-loading, resultantly the benchmark index underwent another loss of 3.48 percent.
Published 20 Jul, 2007 12:00am
BRIndex30 loses 602.86 points

BRIndex30 loses 602.86 points

On Thursday, BRIndex30 opened in the negative zone at 14,699.37 and remained there for whole of the trading time. It closed at 14,079.05 with a net negative change of -602.86 points or -4.11 percent. It registered intra-day high of 14,727.29 and intra-day
Published 20 Jul, 2007 12:00am
BRIndex30 loses 602.86 points

BRIndex30 loses 602.86 points

On Thursday, BRIndex30 opened in the negative zone at 14,699.37 and remained there for whole of the trading time. It closed at 14,079.05 with a net negative change of -602.86 points or -4.11 percent. It registered intra-day high of 14,727.29 and intra-day
Published 20 Jul, 2007 12:00am
KSE index further dips

KSE index further dips

Karachi share market witnessed panic selling due to prevailing law and order situation in the country on the second consecutive day as the benchmark KSE-100 index lost another 466.47 points to close at 13,193.37 points'' level on Thursday. The KSE-30 inde
Published 20 Jul, 2007 12:00am
KSE index further dips

KSE index further dips

Karachi share market witnessed panic selling due to prevailing law and order situation in the country on the second consecutive day as the benchmark KSE-100 index lost another 466.47 points to close at 13,193.37 points' level on Thursday. The KSE-30 index
Published 20 Jul, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (July 11, 2007).

Published 20 Jul, 2007 12:00am
KSE index further dips

KSE index further dips

Karachi share market witnessed panic selling due to prevailing law and order situation in the country on the second consecutive day as the benchmark KSE-100 index lost another 466.47 points to close at 13,193.37 points' level on Thursday. The KSE-30 index
Published 20 Jul, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (July 11, 2007).

Published 20 Jul, 2007 12:00am
Petroleum policy approved: body formed to investigate wheat price hike

Petroleum policy approved: body formed to investigate wheat price hike

The Economic Co-ordination Committee (ECC) of the cabinet has approved Petroleum Policy 2007 to attract quality investors for increase oil and gas production. Presided over by the Prime Minister Shaukat Aziz the ECC also constituted a high level committee
Published 20 Jul, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (July 11, 2007).

Published 20 Jul, 2007 12:00am
Petroleum policy approved: body formed to investigate wheat price hike

Petroleum policy approved: body formed to investigate wheat price hike

The Economic Co-ordination Committee (ECC) of the cabinet has approved Petroleum Policy 2007 to attract quality investors for increase oil and gas production. Presided over by the Prime Minister Shaukat Aziz the ECC also constituted a high level committee
Published 20 Jul, 2007 12:00am
Petroleum policy approved: body formed to investigate wheat price hike

Petroleum policy approved: body formed to investigate wheat price hike

The Economic Co-ordination Committee (ECC) of the cabinet has approved Petroleum Policy 2007 to attract quality investors for increase oil and gas production. Presided over by the Prime Minister Shaukat Aziz the ECC also constituted a high level committee
Published 20 Jul, 2007 12:00am
Norway gives $2.5 million in emergency aid

Norway gives $2.5 million in emergency aid

Norway said Thursday it would give 14.5 million kroner (2.53 million dollars, 1.83 million euros) in urgent aid to help flood victims in Pakistan following a UN and Red Cross appeal. "The need for emergency aid is enormous and it is urgent that the aid is
Published 20 Jul, 2007 12:00am
Norway gives $2.5 million in emergency aid

Norway gives $2.5 million in emergency aid

Norway said Thursday it would give 14.5 million kroner (2.53 million dollars, 1.83 million euros) in urgent aid to help flood victims in Pakistan following a UN and Red Cross appeal. "The need for emergency aid is enormous and it is urgent that the aid is
Published 20 Jul, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (July 19, 2007).

Published 20 Jul, 2007 12:00am
Chinese team inks deals with 15 firms

Chinese team inks deals with 15 firms

The visiting Chinese Trade Mission on Thursday signed agreements with 15 Pakistani companies to import cotton, chrome ore, marbles, leather, celestite, gur gum and rapeseed meal. A 50-member Chinese delegation presently visiting Pakistan, headed by Assist
Published 20 Jul, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 19, 2007).

Published 20 Jul, 2007 12:00am
Chinese team inks deals with 15 firms

Chinese team inks deals with 15 firms

The visiting Chinese Trade Mission on Thursday signed agreements with 15 Pakistani companies to import cotton, chrome ore, marbles, leather, celestite, gur gum and rapeseed meal. A 50-member Chinese delegation presently visiting Pakistan, headed by Assist
Published 20 Jul, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 19, 2007).
Published 20 Jul, 2007 12:00am
Chinese team inks deals with 15 firms

Chinese team inks deals with 15 firms

The visiting Chinese Trade Mission on Thursday signed agreements with 15 Pakistani companies to import cotton, chrome ore, marbles, leather, celestite, gur gum and rapeseed meal. A 50-member Chinese delegation presently visiting Pakistan, headed by Assist
Published 20 Jul, 2007 12:00am
Daimler-Chrysler abandons Mercedes plant project

Daimler-Chrysler abandons Mercedes plant project

Daimler-Chrysler and its UAE-based Coastal Group has walked out of Pakistan with their $1.1 billion Mercedes Benz manufacturing plant project as the government''s last ditch efforts to save the investment plan have failed.
Published 20 Jul, 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 Thursday (July 19, 2007).

Published 20 Jul, 2007 12:00am
Daimler-Chrysler abandons Mercedes plant project

Daimler-Chrysler abandons Mercedes plant project

Daimler-Chrysler and its UAE-based Coastal Group has walked out of Pakistan with their $1.1 billion Mercedes Benz manufacturing plant project as the government's last ditch efforts to save the investment plan have failed.
Published 20 Jul, 2007 12:00am
Daimler-Chrysler abandons Mercedes plant project

Daimler-Chrysler abandons Mercedes plant project

Daimler-Chrysler and its UAE-based Coastal Group has walked out of Pakistan with their $1.1 billion Mercedes Benz manufacturing plant project as the government's last ditch efforts to save the investment plan have failed.
Published 20 Jul, 2007 12:00am
Lubricant''s prices shoot up

Lubricant''s prices shoot up

The prices of lubricants have shot up by Rs 5000-7000 per tonne to all time high level of Rs 157,000 per tonne due to imposition of one percent special excise duty in the Federal budget, dealers told Business Recorder on Thursday. Since the last fe
Published 20 Jul, 2007 12:00am
Lubricant's prices shoot up

Lubricant's prices shoot up

The prices of lubricants have shot up by Rs 5000-7000 per tonne to all time high level of Rs 157,000 per tonne due to imposition of one percent special excise duty in the Federal budget, dealers told Business Recorder on Thursday. Since the last fe
Published 20 Jul, 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 Thursday (July 19, 2007).

Published 20 Jul, 2007 12:00am
Lubricant's prices shoot up

Lubricant's prices shoot up

The prices of lubricants have shot up by Rs 5000-7000 per tonne to all time high level of Rs 157,000 per tonne due to imposition of one percent special excise duty in the Federal budget, dealers told Business Recorder on Thursday. Since the last fe
Published 20 Jul, 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 Thursday (July 19, 2007).

Published 20 Jul, 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 Thursday (July 19, 2007).

Published 20 Jul, 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 20 Jul, 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 20 Jul, 2007 12:00am
HBL denies Pearl widow''s allegations

HBL denies Pearl widow''s allegations

Habib Bank Limited on Thursday denied allegations by the widow of murdered Wall Street Journal reporter Daniel Pearl that it was involved in providing financial services to al Qaeda and others. Mariane Pearl filed a lawsuit in New York Wednesday against 2
Published 20 Jul, 2007 12:00am
HBL denies Pearl widow's allegations

HBL denies Pearl widow's allegations

Habib Bank Limited on Thursday denied allegations by the widow of murdered Wall Street Journal reporter Daniel Pearl that it was involved in providing financial services to al Qaeda and others. Mariane Pearl filed a lawsuit in New York Wednesday against 2
Published 20 Jul, 2007 12:00am
HBL denies Pearl widow's allegations

HBL denies Pearl widow's allegations

Habib Bank Limited on Thursday denied allegations by the widow of murdered Wall Street Journal reporter Daniel Pearl that it was involved in providing financial services to al Qaeda and others. Mariane Pearl filed a lawsuit in New York Wednesday against 2
Published 20 Jul, 2007 12:00am
PIA''s financial position alarming: Zaffar

PIA''s financial position alarming: Zaffar

Financial position of the national flag carrier, Pakistan International Airline (PIA), has reached alarming stage, as losses till March this year amounted to Rs 28.4 billion, while further losses of around rupees three billion are expected in the second q
Published 20 Jul, 2007 12:00am
PIA's financial position alarming: Zaffar

PIA's financial position alarming: Zaffar

Financial position of the national flag carrier, Pakistan International Airline (PIA), has reached alarming stage, as losses till March this year amounted to Rs 28.4 billion, while further losses of around rupees three billion are expected in the second q
Published 20 Jul, 2007 12:00am
Mybank declares PLS profit rates

Mybank declares PLS profit rates

The Mybank has declared the rates of profit on PLS deposits for the period of six months ended June 30, 2007.

Published 20 Jul, 2007 12:00am
PIA's financial position alarming: Zaffar

PIA's financial position alarming: Zaffar

Financial position of the national flag carrier, Pakistan International Airline (PIA), has reached alarming stage, as losses till March this year amounted to Rs 28.4 billion, while further losses of around rupees three billion are expected in the second q
Published 20 Jul, 2007 12:00am
Mybank declares PLS profit rates

Mybank declares PLS profit rates

The Mybank has declared the rates of profit on PLS deposits for the period of six months ended June 30, 2007.

Published 20 Jul, 2007 12:00am
Supreme Court to complete hearing on Chief Justice's petition today

Supreme Court to complete hearing on Chief Justice's petition today

The 13 member Full Supreme Court Thursday accepted a request of Aitzaz Ahsan, counsel of the Chief Justice to give him more time to complete his final submissions on Friday. In his concluding submissions, Aitzaz said the two sides have admitted that:
Published 20 Jul, 2007 12:00am
Faysal Bank declares PLS profit rates

Faysal Bank declares PLS profit rates

The Faysal Bank Limited has declared the rates of profit on PLS deposits for the period of six months ended June 30, 2007.

Published 20 Jul, 2007 12:00am
Supreme Court to complete hearing on Chief Justice's petition today

Supreme Court to complete hearing on Chief Justice's petition today

The 13 member Full Supreme Court Thursday accepted a request of Aitzaz Ahsan, counsel of the Chief Justice to give him more time to complete his final submissions on Friday. In his concluding submissions, Aitzaz said the two sides have admitted that:
Published 20 Jul, 2007 12:00am
Faysal Bank declares PLS profit rates

Faysal Bank declares PLS profit rates

The Faysal Bank Limited has declared the rates of profit on PLS deposits for the period of six months ended June 30, 2007.

Published 20 Jul, 2007 12:00am
FBR decides to introduce Inland Revenue Service

FBR decides to introduce Inland Revenue Service

The Federal Board of Revenue (FBR) has decided to merge the income tax, sales tax and federal excise groups into one group ie Inland Revenue Service to provide state of the art tax-related services under one roof and customs would also be renamed as Pakis
Published 20 Jul, 2007 12:00am
FBR decides to introduce Inland Revenue Service

FBR decides to introduce Inland Revenue Service

The Federal Board of Revenue (FBR) has decided to merge the income tax, sales tax and federal excise groups into one group ie Inland Revenue Service to provide state of the art tax-related services under one roof and customs would also be renamed as Pakis
Published 20 Jul, 2007 12:00am
FBR decides to introduce Inland Revenue Service

FBR decides to introduce Inland Revenue Service

The Federal Board of Revenue (FBR) has decided to merge the income tax, sales tax and federal excise groups into one group ie Inland Revenue Service to provide state of the art tax-related services under one roof and customs would also be renamed as Pakis
Published 20 Jul, 2007 12:00am
Japan buys US wheat via tender

Japan buys US wheat via tender

Japan's Agriculture Ministry said on Thursday it bought 70,000 tonnes of wheat from the United States at a regular weekly tender. The shipments are scheduled for August 26 to September 25, a ministry official said. The result of the tender matches the min
Published 20 Jul, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 91,083 tonnes cargo including 71,208 tonnes import, 19,875 tonnes export cargo and 3,937 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 59,189 tonnes dry cargo including 39,668 tonn
Published 20 Jul, 2007 12:00am
European wheat up

European wheat up

French new crop wheat for November hit a fresh contract high at 189.25 euros a tonne on Thursday, up 4.50 euros after a strong rise in Chicago markets on Wednesday, traders said. London feed wheat prices also opened strongly with November up 1.75 pounds a
Published 20 Jul, 2007 12:00am
US Midwest soybean down

US Midwest soybean down

Spot basis bids for soybeans fell at river locations amid light demand from exporters at the US Gulf, grain dealers said on Wednesday. Cash prices for soybeans have fallen sharply this week, but were still too expensive for the international market.
Published 20 Jul, 2007 12:00am
US refuses to rule out action inside Pakistan

US refuses to rule out action inside Pakistan

The White House on Thursday refused to rule out striking at suspected terrorist targets inside Pakistan and would not say whether US forces would first seek permission from Islamabad. Asked whether US President George W Bush had ruled out US military acti
Published 20 Jul, 2007 12:00am