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Print - 2007-08-29
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (August 28, 2007).

Published 29 Aug, 2007 12:00am
PSA activist succumbs to injuries

PSA activist succumbs to injuries

An activist of Punjabi Students Association (PSA), belonging to Jamia Millia College Malir, who was injured in a clash at Jinnah Postgraduate medical Center (JPMC) succumbed to injuries in police custody here on Tuesday.
Published 29 Aug, 2007 12:00am
E&T department surpasses target of Rs 809 million

E&T department surpasses target of Rs 809 million

Sindh Excise and Taxation (E&T) Department has surpassed the set target of Rs 809.8 million during the first month of current financial year 2007-08 under different heads of duties and taxes.
Published 29 Aug, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Aug, 2007 12:00am
BoP earns Rs 1,824.830 million profit

BoP earns Rs 1,824.830 million profit

The Bank of Punjab (BoP) has posted Rs 1,824.830 million as profit after tax, translating an earning per share of Rs 4.74 in the half year period ending June 30 as compared to Rs 1,223.850 million PAT and Rs 3.21 EPS in the corresponding period last year.
Published 29 Aug, 2007 12:00am
BoP earns Rs 1,824.830 million profit

BoP earns Rs 1,824.830 million profit

The Bank of Punjab (BoP) has posted Rs 1,824.830 million as profit after tax, translating an earning per share of Rs 4.74 in the half year period ending June 30 as compared to Rs 1,223.850 million PAT and Rs 3.21 EPS in the corresponding period last year.
Published 29 Aug, 2007 12:00am
Adamjee Insurance earns Rs 1, 181.351 million profit

Adamjee Insurance earns Rs 1, 181.351 million profit

Adamjee Insurance Company Limited has posted Rs 1,181.351 million as profit after tax (PAT), while earning per share (EPS) stood at Rs 11.56 in the half year period ended on June 30 as compared to Rs 1,064.372 million as PAT and Rs 10.41 as EPS in the cor
Published 29 Aug, 2007 12:00am
Adamjee Insurance earns Rs 1, 181.351 million profit

Adamjee Insurance earns Rs 1, 181.351 million profit

Adamjee Insurance Company Limited has posted Rs 1,181.351 million as profit after tax (PAT), while earning per share (EPS) stood at Rs 11.56 in the half year period ended on June 30 as compared to Rs 1,064.372 million as PAT and Rs 10.41 as EPS in the cor
Published 29 Aug, 2007 12:00am
Corporate Results: Pak Suzuki Motor's profit declines

Corporate Results: Pak Suzuki Motor's profit declines

The profit after tax of Pak Suzuki Motor Company Limited has declined to Rs 2,036.214 million in the half year period ended on June 30 as compared to Rs 2,060.803 million earned in the corresponding period last year.
Published 29 Aug, 2007 12:00am
Corporate Results: Pak Suzuki Motor's profit declines

Corporate Results: Pak Suzuki Motor's profit declines

The profit after tax of Pak Suzuki Motor Company Limited has declined to Rs 2,036.214 million in the half year period ended on June 30 as compared to Rs 2,060.803 million earned in the corresponding period last year.
Published 29 Aug, 2007 12:00am
Nexia, SC International merger likely in December

Nexia, SC International merger likely in December

The boards of Nexia International and SC International, two leading world-wide networks of independent accountancy, tax and business advisers, have agreed to merge, making the combined group the ninth largest provider of audit and advisory services in the
Published 29 Aug, 2007 12:00am
Wheat fortification stressed to cure iron deficiency

Wheat fortification stressed to cure iron deficiency

Due to lack of fortified wheat 50 percent of Pakistani women in the age bracket 15-45 and 69 percent of children of less than 5 years age have been suffering from iron deficiency as the shortage of iron and folic leads to anemia.
Published 29 Aug, 2007 12:00am
Four killed in ongoing gang war in Lyari

Four killed in ongoing gang war in Lyari

The ongoing gang war between two groups in Lyari Tuesday claimed the lives of another four persons. As per details, gangsters of Doctor Shoaib and Jabbar Langra groups (both subordinate groups of Arshad Pappu gang) clashed with each other in Sango Lane Ar
Published 29 Aug, 2007 12:00am
RTO hopes to rope in a million taxpayers

RTO hopes to rope in a million taxpayers

The Regional Tax Office (RTO) has estimated that one million taxpayers will file income tax statement this fiscal year. This was announced by Karachi RTO Director General Israr Rauf at a press conference here on Tuesday.
Published 29 Aug, 2007 12:00am
Construction of 200 small dams planned in Sindh

Construction of 200 small dams planned in Sindh

Sindh government has planned to construct more than 200 small dams in the province and federal government would release around Rs 180 million this year to materialise the project.
Published 29 Aug, 2007 12:00am
Standard Chartered Bank wins award

Standard Chartered Bank wins award

Standard Chartered Bank has won the "Best Retail Bank in Pakistan" award at the sixth 'Asian Banker Excellence in Retail Financial Services Award Convention' held in Shanghai, China. Sameer Chishty, Head of Consumer Banking, Standard Chartered Pakistan, r
Published 29 Aug, 2007 12:00am
'Government to build residential colonies for the poor'

'Government to build residential colonies for the poor'

Sindh Government has decided to develop residential colonies for the residents of the poor scattered across the metropolis. This was stated by Abdur Rauf Chaudhry, Secretary, Federal Ministry for Housing and Works while addressing "3rd Bulid ASIA 2007: In
Published 29 Aug, 2007 12:00am
NBP launches first crops insurance policy

NBP launches first crops insurance policy

National Bank of Pakistan (NBP) has for the first time in Pakistan introduced the insurance policy for crops. This policy would help assist the growers in making up of their losses in the wake of drought, flood and other seasonal hazards besides it would
Published 29 Aug, 2007 12:00am
NBP launches first crops insurance policy

NBP launches first crops insurance policy

National Bank of Pakistan (NBP) has for the first time in Pakistan introduced the insurance policy for crops. This policy would help assist the growers in making up of their losses in the wake of drought, flood and other seasonal hazards besides it would
Published 29 Aug, 2007 12:00am
NBP launches first crops insurance policy

NBP launches first crops insurance policy

National Bank of Pakistan (NBP) has for the first time in Pakistan introduced the insurance policy for crops. This policy would help assist the growers in making up of their losses in the wake of drought, flood and other seasonal hazards besides it would
Published 29 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 29 Aug, 2007 12:00am
Two more names proposed for KSE top slot

Two more names proposed for KSE top slot

The management of Karachi Stock Exchange (KSE) has proposed two more names for the post of its Managing Director on the directive of the Securities and Exchange Commission of Pakistan (SECP), sources said here on Tuesday.
Published 29 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 29 Aug, 2007 12:00am
Two more names proposed for KSE top slot

Two more names proposed for KSE top slot

The management of Karachi Stock Exchange (KSE) has proposed two more names for the post of its Managing Director on the directive of the Securities and Exchange Commission of Pakistan (SECP), sources said here on Tuesday.
Published 29 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 29 Aug, 2007 12:00am
Two more names proposed for KSE top slot

Two more names proposed for KSE top slot

The management of Karachi Stock Exchange (KSE) has proposed two more names for the post of its Managing Director on the directive of the Securities and Exchange Commission of Pakistan (SECP), sources said here on Tuesday.
Published 29 Aug, 2007 12:00am
Foreign shippers hint at raising freight rates

Foreign shippers hint at raising freight rates

International-shipping lines have hinted at further raise in freight charges up to 400 dollars per 40-foot container in the wake of short cargo capacity of the industry, sources told Business Recorder on Tuesday.
Published 29 Aug, 2007 12:00am
Foreign shippers hint at raising freight rates

Foreign shippers hint at raising freight rates

International-shipping lines have hinted at further raise in freight charges up to 400 dollars per 40-foot container in the wake of short cargo capacity of the industry, sources told Business Recorder on Tuesday.
Published 29 Aug, 2007 12:00am
Foreign shippers hint at raising freight rates

Foreign shippers hint at raising freight rates

International-shipping lines have hinted at further raise in freight charges up to 400 dollars per 40-foot container in the wake of short cargo capacity of the industry, sources told Business Recorder on Tuesday.
Published 29 Aug, 2007 12:00am
100 militants killed in Afghanistan

100 militants killed in Afghanistan

More than 100 insurgents were killed Tuesday in a battle in southern Afghanistan in which fighter aircraft destroyed several rebel positions, the US-led coalition said.
Published 29 Aug, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (August 28, 2007).

Published 29 Aug, 2007 12:00am
100 militants killed in Afghanistan

100 militants killed in Afghanistan

More than 100 insurgents were killed Tuesday in a battle in southern Afghanistan in which fighter aircraft destroyed several rebel positions, the US-led coalition said.
Published 29 Aug, 2007 12:00am
Larger bench to hear review plea against Musharraf

Larger bench to hear review plea against Musharraf

The Supreme Court has decided that the review petition, filed against retention of offices of President and Chief of the Army Staff by President Musharraf, 17TH constitutional amendment, and Legal Framework Order (LFO), would be heard by a seven-member fu
Published 29 Aug, 2007 12:00am
Larger bench to hear review plea against Musharraf

Larger bench to hear review plea against Musharraf

The Supreme Court has decided that the review petition, filed against retention of offices of President and Chief of the Army Staff by President Musharraf, 17TH constitutional amendment, and Legal Framework Order (LFO), would be heard by a seven-member fu
Published 29 Aug, 2007 12:00am
Nine officers of FBR transferred

Nine officers of FBR transferred

The Federal Board of Revenue (FBR) has transferred and posted nine officials of Customs and Excise Group (BS-19/18/17) with immediate effect.
Published 29 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 28, 2007).

Published 29 Aug, 2007 12:00am
Task force panel enumerates snags in horticulture products transport

Task force panel enumerates snags in horticulture products transport

The second implementation committee meeting of the task force on horticulture, finance and competitiveness told the authorities here in a meeting that transport facility of horticultural products--fruits, vegetables and flowers--was limited because of def
Published 29 Aug, 2007 12:00am
Saarc transports ministers meeting on August 31

Saarc transports ministers meeting on August 31

Indian Capital will witness two important Pak-India meetings including Saarc Transport Ministers meeting and bilateral dialogue on Wullar Barrage during the next couple of days. The Saarc Transport Ministers meeting will be held on August 31 while experts
Published 29 Aug, 2007 12:00am
Rs 1,586.35 million approved for Punjab uplift schemes

Rs 1,586.35 million approved for Punjab uplift schemes

Provincial steering committee on Tuesday approved the release of development funds to the tune of Rs 1,586.35 million for 2,691 approved development schemes under Taameer-e-Punjab programme. The committee met here under the chairmanship of Provincial Mini
Published 29 Aug, 2007 12:00am
Trade Corridor Highway project to affect 9,272 households

Trade Corridor Highway project to affect 9,272 households

The National Trade Corridor Highway Investment Program (NTCHIP) Project will affect 9,272 households that were identified through a detailed measurement survey of the impacts caused by the two core-subprojects on land including loss of titled plots, loss
Published 29 Aug, 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 Tuesday (August 28, 2007).

Published 29 Aug, 2007 12:00am
Talks with US for special trade incentives under way: Kurshid

Talks with US for special trade incentives under way: Kurshid

"In order to create stability and secure market access for businesses in our border regions, the government of Pakistan is in discussion with the US government for special trade incentives," Minister for Foreign Affairs Kurshid M Kasuri informed business
Published 29 Aug, 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 Tuesday (August 28, 2007).

Published 29 Aug, 2007 12:00am
Government has sufficient sugar stocks: Salman

Government has sufficient sugar stocks: Salman

PM''s Adviser on finance Dr Salman Shah has said the government has sufficient sugar stock, but it may import the commodity to stabilise the local market prices while the private sector is also free to import on their own.
Published 29 Aug, 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 Tuesday (August 28, 2007).

Published 29 Aug, 2007 12:00am
Government has sufficient sugar stocks: Salman

Government has sufficient sugar stocks: Salman

PM's Adviser on finance Dr Salman Shah has said the government has sufficient sugar stock, but it may import the commodity to stabilise the local market prices while the private sector is also free to import on their own.
Published 29 Aug, 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 29 Aug, 2007 12:00am
Government has sufficient sugar stocks: Salman

Government has sufficient sugar stocks: Salman

PM's Adviser on finance Dr Salman Shah has said the government has sufficient sugar stock, but it may import the commodity to stabilise the local market prices while the private sector is also free to import on their own.
Published 29 Aug, 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 29 Aug, 2007 12:00am
Abducted soldiers released

Abducted soldiers released

Pro-Taliban militants on Tuesday released 19 soldiers who were abducted earlier this month in the rugged tribal belt bordering Afghanistan, officials and the army said. Armed insurgents kidnapped 16 soldiers from the South Waziristan tribal district on Au
Published 29 Aug, 2007 12:00am
Abducted soldiers released

Abducted soldiers released

Pro-Taliban militants on Tuesday released 19 soldiers who were abducted earlier this month in the rugged tribal belt bordering Afghanistan, officials and the army said. Armed insurgents kidnapped 16 soldiers from the South Waziristan tribal district on Au
Published 29 Aug, 2007 12:00am
Ahmadinejad dismisses Sarkozy 'bombing' comments

Ahmadinejad dismisses Sarkozy 'bombing' comments

Iranian President Mahmoud Ahmadinejad said on Tuesday his French counterpart showed lack of experience in world affairs by suggesting Iran could be attacked if it did not stop sensitive atomic work. He was speaking a day after French President Nicolas Sar
Published 29 Aug, 2007 12:00am
Egypt buys 85,000 tonnes Russian wheat

Egypt buys 85,000 tonnes Russian wheat

Egypt's main government wheat buyer said on Tuesday it bought 85,000 tonnes of Russian wheat. Said el-Hefny, vice chairman of the General Authority for Supply Commodities (GASC), gave the following breakdown of the purchases:
Published 29 Aug, 2007 12:00am
Iran ready to fill vacuum in Iraq: Ahmadinejad

Iran ready to fill vacuum in Iraq: Ahmadinejad

President Mahmoud Ahmadinejad said on Tuesday the power of the United States was rapidly collapsing in Iraq and that Iran was ready to step in to help fill the vacuum, in comments likely to irritate Washington.
Published 29 Aug, 2007 12:00am
Bangladesh tea prices fall on lower demand

Bangladesh tea prices fall on lower demand

The average price of Bangladesh teas fell 2.64 percent to 76.93 taka ($1.11) per kg on lower demand at the weekly auction on Tea. "About 1.36 million kg weerage price of 76.93 taka per kg, down 2.09 taka from the previous sale," said an official of the Na
Published 29 Aug, 2007 12:00am
Parliamentary secretary quits

Parliamentary secretary quits

Ali Hassan Gilani, MNA and federal parliamentary secretary for science and technology, has announced to resign from Pakistan Muslim League (Q) and to join PML-N reposing confidence in the leadership of Nawaz Sharif.
Published 29 Aug, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 128,114 tonnes cargo including 84,943 tonnes import, 43,171 tonnes export cargo and 4,663 containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 81,914 tonnes dry cargo including 51,341 tonn
Published 29 Aug, 2007 12:00am
China Communist Party to open key meeting mid-October

China Communist Party to open key meeting mid-October

China's Communist Party will open a critical meeting on October 15, state media said on Tuesday, announcing a congress at which president and party chief Hu Jintao is expected to consolidate power with a leadership reshuffle.
Published 29 Aug, 2007 12:00am
Singapore bunker fuel prices up

Singapore bunker fuel prices up

Singapore bunker prices continued to post gains on the back of outright fuel oil prices, while the premium to cargo values narrowed. Prices for the 380-centistoke (cst) were pegged at $364-$366 a tonne, up $3 from the last session, with the differentials
Published 29 Aug, 2007 12:00am
Bulls stage comeback on ISE

Bulls stage comeback on ISE

Fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index. ISE-10 Index was plus by 22.78 points as it moved from 2,699.32 to 2,722.10 points. The overall volume amounted to 1,399,400 shares as compared to
Published 29 Aug, 2007 12:00am
Corn slides on big US crop prospect

Corn slides on big US crop prospect

Corn futures at the Chicago Board of Trade fell Monday on prospects for a larger-than-expected US harvest, traders said. The advancing southern Midwest harvest was also bearish as more supplies were moving to marketing channels there.
Published 29 Aug, 2007 12:00am
Bulls stage comeback on ISE

Bulls stage comeback on ISE

Fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index. ISE-10 Index was plus by 22.78 points as it moved from 2,699.32 to 2,722.10 points. The overall volume amounted to 1,399,400 shares as compared to
Published 29 Aug, 2007 12:00am
Gulf corn offers fall, soyabean firm

Gulf corn offers fall, soyabean firm

US FOB Gulf corn basis offers fell on Monday amid pressure from the advancing Midwest harvest, while soyabeans firmed on exporter buying, traders said. Exporters have been receiving new-crop southern corn at the Gulf for weeks, but the Midwest harvest was
Published 29 Aug, 2007 12:00am
LSE equities move both ways

LSE equities move both ways

The equities moved both ways on the Lahore Stock Exchange (LSE) on Tuesday, finally settling in the green zone following fresh buying in the banking, oil and cement sectors. The LSE-25 index improved by 48.14 points to close at 4161.95 against 4113.81 of
Published 29 Aug, 2007 12:00am
US Plains HRW wheat bids holding steady

US Plains HRW wheat bids holding steady

US Plains hard red winter wheat basis bids were holding steady on Tuesday, with many merchants continuing to work to keep wheat flowing to the Gulf where export demand stayed strong. Protein premiums for railcar wheat to and through Kansas City were stead
Published 29 Aug, 2007 12:00am
LSE equities move both ways

LSE equities move both ways

The equities moved both ways on the Lahore Stock Exchange (LSE) on Tuesday, finally settling in the green zone following fresh buying in the banking, oil and cement sectors. The LSE-25 index improved by 48.14 points to close at 4161.95 against 4113.81 of
Published 29 Aug, 2007 12:00am
WCE canola futures settled higher

WCE canola futures settled higher

Winnipeg Commodity Exchange canola futures settled higher on Monday after the US soya complex rebounded as harvest advanced and hedges increased, traders said. "Excellent hedge-related offerings all day today really kept our market in check," a trader sai
Published 29 Aug, 2007 12:00am
US Midwest corn, soyabeans fall on rivers

US Midwest corn, soyabeans fall on rivers

Spot basis bids for corn and soyabeans held steady around the interior US Midwest on Monday but fell at river terminals, grain dealers said. Farmer selling was slow on Monday. Many growers were planning on storing as much corn as they can in hopes that pr
Published 29 Aug, 2007 12:00am