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Print - 2007-08-08
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 07, 2007).

Published 08 Aug, 2007 12:00am
Trade can help fight extremism and drugs: minister

Trade can help fight extremism and drugs: minister

Access to the US market is a key tool in Pakistan's drive against extremism, Commerce and Trade Minister Humayun Akhtar Khan said on Tuesday following talks with US officials on trade initiatives. Humayun Akhtar Khan said US authorities should take a stra
Published 08 Aug, 2007 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

CIA-darling dolls in Pakistan security establishment have been dancing for more than half a century to the tunes of Washington orchestra. Ayub, Zia and now Bush-favourite Musharraf. One after one they all remained on a run to leave each other behind in a
Published 08 Aug, 2007 12:00am
Financial irregularities in CAA detected, National Assembly told

Financial irregularities in CAA detected, National Assembly told

The government conceded on Tuesday that financial irregularities have been detected in Civil Aviation Authority (CAA). Parliamentary Secretary for Defence Tanvir Hussain Syed told the Lower House that a CAA delegation was barred to visit China due to some
Published 08 Aug, 2007 12:00am
THE RUPEE: dollar mostly higher

THE RUPEE: dollar mostly higher

Rupee-dollar parity rates were down in the currency market on Monday, except selling rate in open market, dealers said. In the interbank market, the rupee shed versus dollar two paisa for buying at Rs 60.41 and it slid two paisa at Rs 60.42,for selling th
Published 08 Aug, 2007 12:00am
General Ehsan calls on Shaukat

General Ehsan calls on Shaukat

Prime Minister Shaukat Aziz on Tuesday said that the armed forces of Pakistan have always played an important role in the defence of the territorial integrity as well as contribute towards rescue and relief efforts in case of any natural calamity.
Published 08 Aug, 2007 12:00am
THE RUPEE: dollar mostly higher

THE RUPEE: dollar mostly higher

Rupee-dollar parity rates were down in the currency market on Monday, except selling rate in open market, dealers said. In the interbank market, the rupee shed versus dollar two paisa for buying at Rs 60.41 and it slid two paisa at Rs 60.42,for selling th
Published 08 Aug, 2007 12:00am
Strong navy inevitable for conducive maritime environment: President

Strong navy inevitable for conducive maritime environment: President

President General Pervez Musharraf says "a strong and viable navy is indispensable" for obtaining conducive maritime environment. Although Pakistan is blessed with enormous maritime potential. This sector remained neglected for the past many decades, he s
Published 08 Aug, 2007 12:00am
Punjab refuses to provide funds for complex

Punjab refuses to provide funds for complex

The Punjab provincial government has refused to provide funds for multi-million District Assembly Complex and asked the City District Government Rawalpindi (CDGR) to construct this multi-story building on its own.
Published 08 Aug, 2007 12:00am
Government asked to shun US aid

Government asked to shun US aid

Opposition and treasury benches on Tuesday demanded of the government to review its foreign policy, refuse US annual aid of $1 billion, disqualify USA presidential candidates Barack Obama and Tom Tancrado following strong condemnation to US-India nuclear
Published 08 Aug, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (August 07, 2007).

Published 08 Aug, 2007 12:00am
HFP excludes officers from housing programme

HFP excludes officers from housing programme

The Housing Foundation of Pakistan (HFP) seems to have excluded officers working in the statistics division from the housing programme meant for officers of BPS 17 to 22, it is learnt. Though the project to be launched for all in-service officers of the f
Published 08 Aug, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Aug, 2007 12:00am
FBR Act to be fully effective from next month

FBR Act to be fully effective from next month

The Federal Board of Revenue Act 2007 will come into full operation from the middle of next month, Business Recorder learnt here on Tuesday. Sources said that though the FBR Act has come on the Statutes Book, its operation has been stalled pending
Published 08 Aug, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (August 07, 2007).

Published 08 Aug, 2007 12:00am
Health workers abducted in tribal area

Health workers abducted in tribal area

Armed men abducted and beat 11 health workers sent to a tribal area to administer polio vaccinations to children on Tuesday, forcing the suspension of the campaign, officials said.
Published 08 Aug, 2007 12:00am
6,500 villages affected by floods: minister

6,500 villages affected by floods: minister

Minister for water and power Liaquat Ali Jatoi said on Tuesday that recent floods have affected 6,500 villages besides 7,08,000 acres of land including over 120,000 acres of cropped area.
Published 08 Aug, 2007 12:00am
Customs to analyse transshipment companies data

Customs to analyse transshipment companies data

The Directorate General of Intelligence and Investigation, Customs and Excise, Islamabad, has started analysing data of transshipment companies to detect unauthorised bonded carriers operating across the country.
Published 08 Aug, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Aug, 2007 12:00am
Pacra upgrades long term entity rating of KASB bank

Pacra upgrades long term entity rating of KASB bank

The Pakistan Credit Rating Agency (Pacra) has upgraded the long term entity rating of KASB Bank to A minus while maintaining the short term entity rating at A 2, which denotes a low expectation of credit risk emanating from a strong base for timely paymen
Published 08 Aug, 2007 12:00am
Pacra upgrades long term entity rating of KASB bank

Pacra upgrades long term entity rating of KASB bank

The Pakistan Credit Rating Agency (Pacra) has upgraded the long term entity rating of KASB Bank to A minus while maintaining the short term entity rating at A 2, which denotes a low expectation of credit risk emanating from a strong base for timely paymen
Published 08 Aug, 2007 12:00am
AHRB clarification

AHRB clarification

Business Recorder has incorrectly printed the bank's name in the press release. It is not Rupali Bank any longer. Rupali Bank, as a legal entity, does not exist. The bank's name now is Arif Habib Rupali Bank Ltd. According to State Bank of Pakistan
Published 08 Aug, 2007 12:00am
Bread prices up

Bread prices up

Poor people have to face more tough time to fill their stomach as Roti (bread) has become more expensive due to increase in its prices by Re one per Tandoori Naan. Tandoor owners have said that the prices of ata and ghee have gone up in the local market,
Published 08 Aug, 2007 12:00am
200 lecturers being appointed in colleges: CAP

200 lecturers being appointed in colleges: CAP

There are lying 900 vacant posts in the government colleges, causing problems both for the students and respective college administration, said Rafiq Sadique, Director Colleges and In charge Central Admission Policy (CAP) Committee.
Published 08 Aug, 2007 12:00am
Fishermen announce complete strike on August 9

Fishermen announce complete strike on August 9

Resenting against the fish exporters for offering very low rates for prawns and other fish species, the newly formed body of fishing community representatives on Tuesday announced complete strike of fishermen at Karachi Fish Harbor and other coastal areas
Published 08 Aug, 2007 12:00am
10 militants killed in security forces strike

10 militants killed in security forces strike

Security forces, backed by helicopter gunships, attacked two militant hideouts near the border with Afghanistan on Tuesday, killing at least 10 militants, the military said. The pre-dawn offensive in Degan area, some 25 km (17 miles) west of North Waziris
Published 08 Aug, 2007 12:00am
Majyd Aziz appointed honorary citizen of Houston

Majyd Aziz appointed honorary citizen of Houston

President Karachi Chamber of Commerce and Industry (KCCI), Majyd Aziz has been appointed honorary citizen of the City of Houston by Bill White, Mayor of Houston in appreciation of his valuable contribution and unselfish public service for the benefit and
Published 08 Aug, 2007 12:00am
Islamic economic, cultural moot in Bangkok from September 7

Islamic economic, cultural moot in Bangkok from September 7

The second International Islamic Economic, Cultural and Tourism conference will be held in Bangkok on September 7 to 9. The conference is being jointly organised by Islamic Chamber of Commerce and Industry (ICCI), Thailand Convention & Exhibition Bureau (
Published 08 Aug, 2007 12:00am
Punjab chief minister inaugurates cancer hospital in Lahore

Punjab chief minister inaugurates cancer hospital in Lahore

A cancer hospital of international standard is being established in the provincial metropolis for which land has been acquired. Free medical treatment would be extended to the poor in the hospital said, Punjab Chief Minister Pervaiz Elahi in his speech at
Published 08 Aug, 2007 12:00am
Government appeal against Mukhtar's acquittal rejected

Government appeal against Mukhtar's acquittal rejected

The Sindh High Court (SHC) on Tuesday rejected the government's appeal against former Commerce Minister Ahmed Mukhtar's acquittal in rice export case. SHC said the government's review petition against Ahmed Mukhtar was not admissible.
Published 08 Aug, 2007 12:00am
Government appeal against Mukhtar's acquittal rejected

Government appeal against Mukhtar's acquittal rejected

The Sindh High Court (SHC) on Tuesday rejected the government's appeal against former Commerce Minister Ahmed Mukhtar's acquittal in rice export case. SHC said the government's review petition against Ahmed Mukhtar was not admissible.
Published 08 Aug, 2007 12:00am
CJP takes two suo motu notices

CJP takes two suo motu notices

Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry took two suo motu notices in public interest/human rights cases. The suo motu notices were taken on news items appearing in the national dailies. In one case, the CJP directed that report be cal
Published 08 Aug, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

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

Published 08 Aug, 2007 12:00am
New SBP proforma to maintain CRR

New SBP proforma to maintain CRR

The central bank has issued new proforma for maintenance of cash reserve requirement (CRR). In a circular, issued on Monday to the presidents and chief executives of all banks, the central bank said that it was clarified that from August 4.
Published 08 Aug, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

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

Published 08 Aug, 2007 12:00am
New SBP proforma to maintain CRR

New SBP proforma to maintain CRR

The central bank has issued new proforma for maintenance of cash reserve requirement (CRR). In a circular, issued on Monday to the presidents and chief executives of all banks, the central bank said that it was clarified that from August 4.
Published 08 Aug, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

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

Published 08 Aug, 2007 12:00am
New SBP proforma to maintain CRR

New SBP proforma to maintain CRR

The central bank has issued new proforma for maintenance of cash reserve requirement (CRR). In a circular, issued on Monday to the presidents and chief executives of all banks, the central bank said that it was clarified that from August 4.
Published 08 Aug, 2007 12:00am
'CAA puts record straight'

'CAA puts record straight'

The Civil Aviation Authority has issued the following clarification: Statements as reported in the media quoting Parliamentary Secretary for Defence Tanvir Hussain, making certain accusations against CAA, are not factual and are based on promoting certain
Published 08 Aug, 2007 12:00am
PSO earns over Rs 4,689 million profit

PSO earns over Rs 4,689 million profit

Pakistan State Oil Company Limited (PSO) has posted Rs 4,689.798 million as profit after tax, translating an earning per share of Rs 27.34 for the year ended on June 30 as compared to Rs 7,524.701 million PAT and Rs 43.87 EPS in the corresponding period l
Published 08 Aug, 2007 12:00am
PSO earns over Rs 4,689 million profit

PSO earns over Rs 4,689 million profit

Pakistan State Oil Company Limited (PSO) has posted Rs 4,689.798 million as profit after tax, translating an earning per share of Rs 27.34 for the year ended on June 30 as compared to Rs 7,524.701 million PAT and Rs 43.87 EPS in the corresponding period l
Published 08 Aug, 2007 12:00am
PSO earns over Rs 4,689 million profit

PSO earns over Rs 4,689 million profit

Pakistan State Oil Company Limited (PSO) has posted Rs 4,689.798 million as profit after tax, translating an earning per share of Rs 27.34 for the year ended on June 30 as compared to Rs 7,524.701 million PAT and Rs 43.87 EPS in the corresponding period l
Published 08 Aug, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (August 07, 2007).

Published 08 Aug, 2007 12:00am
PSO earns over Rs 4,689 million profit

PSO earns over Rs 4,689 million profit

Pakistan State Oil Company Limited (PSO) has posted Rs 4,689.798 million as profit after tax, translating an earning per share of Rs 27.34 for the year ended on June 30 as compared to Rs 7,524.701 million PAT and Rs 43.87 EPS in the corresponding period l
Published 08 Aug, 2007 12:00am
Nawaz arrives in Dubai on August 9

Nawaz arrives in Dubai on August 9

Former Prime Minister and PML-N leader Nawaz Sharif is proceeding to Dubai from London on a week-long visit from Thursday. The sources in PML-N said here on Tuesday that Nawaz Sharif is undertaking a private visit along with his family members. Nawaz's da
Published 08 Aug, 2007 12:00am
Nawaz arrives in Dubai on August 9

Nawaz arrives in Dubai on August 9

Former Prime Minister and PML-N leader Nawaz Sharif is proceeding to Dubai from London on a week-long visit from Thursday. The sources in PML-N said here on Tuesday that Nawaz Sharif is undertaking a private visit along with his family members. Nawaz's da
Published 08 Aug, 2007 12:00am
ISE index down 14.75 points

ISE index down 14.75 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where selling pressure intensified in hot favourites amid decrease in index. ISE-10 Index showed a decrease of 14.75 points from 3,089.84 to 3,075.09 points. The overall turnover amount
Published 08 Aug, 2007 12:00am
ISE index down 14.75 points

ISE index down 14.75 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where selling pressure intensified in hot favourites amid decrease in index. ISE-10 Index showed a decrease of 14.75 points from 3,089.84 to 3,075.09 points. The overall turnover amount
Published 08 Aug, 2007 12:00am
LSE index loses 35.70 points

LSE index loses 35.70 points

Bearish trend prevailed at Lahore Stock Exchange (LSE) on Tuesday where equities declined across the board amid ascending transaction volume because of selling pressure and profit taking.
Published 08 Aug, 2007 12:00am
LSE index loses 35.70 points

LSE index loses 35.70 points

Bearish trend prevailed at Lahore Stock Exchange (LSE) on Tuesday where equities declined across the board amid ascending transaction volume because of selling pressure and profit taking.
Published 08 Aug, 2007 12:00am
Arrest of Dawood Ibrahim denied

Arrest of Dawood Ibrahim denied

The government on Tuesday denied arrest of Dawood Ibrahim, an Indian national and a wanted terrorist by Indian government in Mumbai blasts. Javed Iqbal Cheema, spokesman for the interior ministry, said this at his weekly press briefing on law and order si
Published 08 Aug, 2007 12:00am
Arrest of Dawood Ibrahim denied

Arrest of Dawood Ibrahim denied

The government on Tuesday denied arrest of Dawood Ibrahim, an Indian national and a wanted terrorist by Indian government in Mumbai blasts. Javed Iqbal Cheema, spokesman for the interior ministry, said this at his weekly press briefing on law and order si
Published 08 Aug, 2007 12:00am
Legislation 'irritant' in ties with US: Musharraf

Legislation 'irritant' in ties with US: Musharraf

President General Pervez Musharraf on Tuesday expressed disappointment over the recent US legislation, putting conditions on financial assistance to Pakistan, and termed it an "irritant" in the relationship between the two countries.
Published 08 Aug, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (August 07, 2007).

Published 08 Aug, 2007 12:00am
Legislation 'irritant' in ties with US: Musharraf

Legislation 'irritant' in ties with US: Musharraf

President General Pervez Musharraf on Tuesday expressed disappointment over the recent US legislation, putting conditions on financial assistance to Pakistan, and termed it an "irritant" in the relationship between the two countries.
Published 08 Aug, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (August 07, 2007).
Published 08 Aug, 2007 12:00am
Crop under mealy bug attack

Crop under mealy bug attack

The mealy bug has started destroying cotton crop in Sindh and Punjab, sources told Business Recorder. According to sources, the bug has attacked the cotton belt of Sindh and Balochistan. "We have fixed 4.2 million bales cotton production target for
Published 08 Aug, 2007 12:00am
Crop under mealy bug attack

Crop under mealy bug attack

The mealy bug has started destroying cotton crop in Sindh and Punjab, sources told Business Recorder. According to sources, the bug has attacked the cotton belt of Sindh and Balochistan. "We have fixed 4.2 million bales cotton production target for
Published 08 Aug, 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 Tuesday (August 07, 2007).

Published 08 Aug, 2007 12:00am
Crop under mealy bug attack

Crop under mealy bug attack

The mealy bug has started destroying cotton crop in Sindh and Punjab, sources told Business Recorder. According to sources, the bug has attacked the cotton belt of Sindh and Balochistan. "We have fixed 4.2 million bales cotton production target for
Published 08 Aug, 2007 12:00am
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