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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-08-31
FTSE gains on US rate cut hopes, energy boost

FTSE gains on US rate cut hopes, energy boost

Britain's leading shares rose 1.3 percent on Thursday, lifted by strength in energy and mining shares as investors world-wide clung to hopes of a US interest rate cut. BG Group led the rally, rising more than 4 percent and taking heart after crude oil pri
Published 31 Aug, 2007 12:00am
Indian-generated sugar surplus 'frightening': ISO

Indian-generated sugar surplus 'frightening': ISO

The global sugar surplus has reached frightening proportions and will continue to hold world prices at low levels, the head of the International Sugar Organisation told Reuters.
Published 31 Aug, 2007 12:00am
London sugar retreats; cocoa and coffee consolidate

London sugar retreats; cocoa and coffee consolidate

London white sugar futures retreated on Thursday under the weight of global oversupply, while cocoa and coffee consolidated in low volumes. London white sugar futures inched lower, pressured by a glut of the sweetener in Brazil and India.
Published 31 Aug, 2007 12:00am
Oil eases, recoiling from 2.5 percent rally

Oil eases, recoiling from 2.5 percent rally

Oil prices eased on Thursday as dealers locked in profits from a 2.5 percent rally in the previous session that was driven by concerns over tight US gasoline supplies. The planned restart of a key North Sea natural gas pipeline later this week also pressu
Published 31 Aug, 2007 12:00am
Weather unlikely to affect soya and corn: USDA

Weather unlikely to affect soya and corn: USDA

Recent heavy rains in parts of the upper Midwest will have little, if any, impact on US corn and Soyabean forecasts when the government issues its latest crop production report in September, a US Agriculture Department meteorologist said on Wednesday.
Published 31 Aug, 2007 12:00am
New York cotton futures climb

New York cotton futures climb

Cotton futures closed with strong gains on Thursday after gapping higher at the open and reaching a 10-day peak as buyers covered short positions following a robust US export sales report, traders said.
Published 31 Aug, 2007 12:00am
Copper trapped in range as investors stay away

Copper trapped in range as investors stay away

Industrial metals were locked in recent ranges on Thursday, with investors anxiously watching other financial markets for direction rather than taking positions, fund managers and analysts said.
Published 31 Aug, 2007 12:00am
European gold trims losses

European gold trims losses

Gold cut losses in late European trade on Thursday, but remained vulnerable as the dollar gained against the euro and stocks fell as concern over global credit conditions hurt sentiment again, analysts said. Spot gold fell as low as $663.10 before rising
Published 31 Aug, 2007 12:00am
US MIDDAY: corn higher

US MIDDAY: corn higher

Corn futures at the Chicago Board of Trade were called to open 2 to 4 cents per bushel higher on Thursday, lifted by an expected rally in wheat, traders said. Weekly export sales for corn were also strong and supportive.
Published 31 Aug, 2007 12:00am
US MIDDAY: wheat rises

US MIDDAY: wheat rises

The September wheat futures contract on the Chicago Board of Trade rose 32 cents at midsession on Thursday to $7.74 per bushel, the all-time high for a CBOT front-month wheat contract, traders said.
Published 31 Aug, 2007 12:00am
US MIDDAY: soyabeans firm

US MIDDAY: soyabeans firm

Soyabean futures at the Chicago Board of Trade were called to open 3 to 5 cents per bushel higher on Thursday, following the strength in wheat and supported by worries about a smaller crop in the southern Midwest, traders said.
Published 31 Aug, 2007 12:00am
US MIDDAY: copper steadies

US MIDDAY: copper steadies

US copper futures were steady in early business Thursday, with traders keeping a close eye on swings in equity markets, while macro-economic concerns continued to cloud the picture, traders said.
Published 31 Aug, 2007 12:00am
US MIDDAY: gold futures ease

US MIDDAY: gold futures ease

Weakness in the equity markets and a stronger dollar weighed on US gold futures early on Thursday, as jittery investors were spooked by the potential of a liquidity squeeze and declines in markets outside of the commodity sector.
Published 31 Aug, 2007 12:00am
Telenor launches network operations centre

Telenor launches network operations centre

Telenor Pakistan has established a new state-of-the-art Network Operations Centre that will enable it to quickly pinpoint outages anywhere across their network in Pakistan.
Published 31 Aug, 2007 12:00am
No hydropower for the people?

No hydropower for the people?

While the nation suffers loadshedding and blackouts the high-ups in the concerned bodies NEPRA, PPIB are hanging on to their cushy jobs and trying to do "nothing" as this is the safest course of action. Doing nothing is not challengeable nor does it bear
Published 31 Aug, 2007 12:00am
'The undemocratic opposition'

'The undemocratic opposition'

The present assemblies are on their way to complete their five years constitutional tenure each after coming into existence as a result of general election held in October 2002. Right from the first day, it is rather unfortunate to point out, those occupy
Published 31 Aug, 2007 12:00am
Steinmeier breezes by Washington for California cool

Steinmeier breezes by Washington for California cool

With his popularity near record lows, few people think that US President George Bush is very cool any more. But that's not the reason that German Foreign Minister Frank-Walter Steinmeier is by-passing the US capital on a visit to the US starting Thursday
Published 31 Aug, 2007 12:00am
Don't let your boss catch you reading this

Don't let your boss catch you reading this

If you are at work, chances are you are probably doing it right now. Walk into any large office, and you will most likely hear the telltale computer bleeps of chat programs and online games, accompanied by furious mouse-clicking. Employees may seem busy,
Published 31 Aug, 2007 12:00am
Malaysia rises to new heights of progress, prosperity

Malaysia rises to new heights of progress, prosperity

On 31st August 2007, the people of Malaysia will celebrate their 50th Independence Day anniversary. The marvellous development and progress made by Malaysia during the last fifty years could be attributed to none but to the commitment, dedication and hard
Published 31 Aug, 2007 12:00am
New building code

New building code

Creditably for it, the federal government has drawn an instructive lesson from the disastrous earthquake that hit Azad Kashmir, parts of NWFP, and Islamabad on October 8, 2005. It has grasped the chilling reality that Pakistan is situated in a high seismi
Published 31 Aug, 2007 12:00am
Focus on economic diplomacy

Focus on economic diplomacy

In the modern age, foreign policy of a country is usually geared to achieve economic objectives for the welfare of its citizens. Realisation of the importance of a closer link between the two on the part of present Pakistan government could only be termed
Published 31 Aug, 2007 12:00am
LPG distributors hail ECC decision

LPG distributors hail ECC decision

LPG Distributors Association Pakistan's (LPGDAP) Chairman Hadi Khan has appreciated Economic Co-ordination Committee's (ECC) decision allowing producers to sell liquefied petroleum gas (LPG) in accordance with the market situation that will provide relief
Published 31 Aug, 2007 12:00am
Inflows and outflows of rivers

Inflows and outflows of rivers

The position of river inflows and outflows at Tarbela, Mangla and Chashma dams with reservoirs' levels and barrages on Thursday was:
Published 31 Aug, 2007 12:00am
Wheat hoarders' list given to provinces

Wheat hoarders' list given to provinces

The federal government Thursday handed over wheat hoarders' list to the provinces of Punjab and Sindh, asking for punitive action against them and slapped ban on export of wheat flour, maida, suji and baisen through sea and rail routes with immediate effe
Published 31 Aug, 2007 12:00am
Government's economic policies termed failure

Government's economic policies termed failure

Speakers at a seminar on "Pakistan's current economic condition and governments' claims," organised by the Jamaat-e-Islami Pakistan, criticised the country's economic policies, saying it has failed, causing inflation and rising prices.
Published 31 Aug, 2007 12:00am
President's remarks against Nawaz flayed

President's remarks against Nawaz flayed

The PML-N Lawyers Forum criticised the statement of President Musharraf on Nawaz Sharif. He said that Nawaz can not return to Pakistan amounted to contempt of court and the PML-N lawyers would file a contempt petition against Musharraf before the Supreme
Published 31 Aug, 2007 12:00am
UVAS anniversary

UVAS anniversary

The University of Veterinary and Animal Sciences Lahore will celebrate its 125th anniversary in December. It was said in a meeting, which was held here on Thursday to chalk out a programme to celebrate the occasion.
Published 31 Aug, 2007 12:00am
Officials directed to shift library from Haji Camp to Islamabad

Officials directed to shift library from Haji Camp to Islamabad

The Minister of State for Religious Affairs, Dr Abdul Qadir Khanzada held a meeting with officers of research department of the ministry on Thursday The Minister directed to shift the library from Haji Camp, Rawalpindi, to Islamabad as most of the officia
Published 31 Aug, 2007 12:00am
Al Baraka Islamic Bank's branch in Abbottabad

Al Baraka Islamic Bank's branch in Abbottabad

The Al Baraka Islamic Bank-Pakistan (AIB) on Thursday announced that its branch in NWFP town of Abbottabad would start working on September 1, bringing the total number of branches in Pakistan to 12.
Published 31 Aug, 2007 12:00am
Importers of substandard Indian sugar restrained by court

Importers of substandard Indian sugar restrained by court

A senior civil judge in Lahore has restrained the Rana Brothers (Importers of Indian Sugar) from marketing the substandard Indian sugar after the Pakistan Sugar Mills Association (PSMA) forwarded a petition.
Published 31 Aug, 2007 12:00am
Strategies to check drug trafficking underlined

Strategies to check drug trafficking underlined

The Senate Standing Committee on Narcotics Control underlined the need for chalking out viable strategies to check drugs trafficking and launching awareness campaigns. The Standing Committee met at parliament House. Kalsoom Perveen presided over the meeti
Published 31 Aug, 2007 12:00am
CAA's clarification

CAA's clarification

A Civil Aviation Authority (CAA) spokesman of Regional North Director Pervez Bashir Khan denied reports claiming the latter had been appointed as Pakistan Cricket Board vice chairman.
Published 31 Aug, 2007 12:00am
ADDB, LDDB sign agreement to support small farmers

ADDB, LDDB sign agreement to support small farmers

Agribusiness Development and Diversification Project (ADDP) and Livestock and Dairy Development Board (LDDB) signed an agreement here Thursday to support small farmers entering in agribusiness.
Published 31 Aug, 2007 12:00am
Khalid Mirza may be made new MDT

Khalid Mirza may be made new MDT

The Federal Board of Revenue (FBR) has decided to appoint Usman Khalid Mirza, a senior income tax official, as Member Direct Taxes (MDT). Sources told Business Recorder on Thursday that Secretary General Revenue Division met Mirza along with the ou
Published 31 Aug, 2007 12:00am
Court orders Punjab University deans not to create hurdles for students

Court orders Punjab University deans not to create hurdles for students

A Lahore High Court (LHC) division bench has ordered the Punjab University to allow bachelors' students to get admission in MSc without taking their national testing system entry tests. The court ruled that it was discrimination that some other department
Published 31 Aug, 2007 12:00am
PAC for action against land grabbers

PAC for action against land grabbers

The Public Accounts Committee (PAC) has directed the government to use muscles against real estate developers involved in land grabbing and underhand deals. At a meeting here on Thursday, the panel observed that a mafia into the property business is opera
Published 31 Aug, 2007 12:00am
Gujranwala nazims, councillors join PML-Q

Gujranwala nazims, councillors join PML-Q

Punjab Chief Minister Chaudhry Pervaiz Elahi has said that people-friendly government policies and effective implementation of mega uplift projects have brought a positive change in the lives of the masses, and that is why more and more people are joining
Published 31 Aug, 2007 12:00am
Strict check on prices during Ramazan: minister

Strict check on prices during Ramazan: minister

Punjab Minister for Culture, Chaudhry Shaukat Ali Bhatti has assured that prices of daily use commodities and eatables will be kept stable during Ramazan-ul-Mubarak. He expressed these views while presiding over a meeting of District Price Control Committ
Published 31 Aug, 2007 12:00am
'Nawaz has public, constitutional support'

'Nawaz has public, constitutional support'

Pakistan Muslim League Nawaz (PML-N) Finance Secretary Mohammad Pervaiz Malik has said Nawaz Sharif is determinant to come back and he has the public support as well as constitutional support provided by the Supreme Court. He said this while talking to ne
Published 31 Aug, 2007 12:00am
Punjab Oil introduces 'Zaiqa'

Punjab Oil introduces 'Zaiqa'

The Punjab Oil Mills Limited has introduced first ever Trans Fat free Banaspati, "Zaiqa" in Pakistan which contains less than 1.5 % Trans Fatty Acids (TFAs) as compared to an ordinary Banaspati with a Trans Fats ratio of up to 20%.
Published 31 Aug, 2007 12:00am
Ahmed Jawad assumes charge

Ahmed Jawad assumes charge

Ahmed Jawed an officer of Secretariat Group assumed the charge of the office of Federal Secretary, Ministry of Privatisation and Investment on his promotion to BS-22 here on Thursday. Prior to this he was serving as Additional Secretary Finance Division.
Published 31 Aug, 2007 12:00am
Diallog brings better e-business solution to Pakistan

Diallog brings better e-business solution to Pakistan

The Diallog, a wireless local loop operator, has signed an agreement that will enable it to implement the Oracle E-Business Suite. Inbox is the implementation partner and a certified partner in Oracle Partner Network.
Published 31 Aug, 2007 12:00am
Eight mobile shops gutted

Eight mobile shops gutted

Eight mobile shops of electronics market Saddar were gutted here on Thursday. According to eyewitnesses fire erupted at Shah Jehan Electronics market, Abdullah Haroon Road at early morning and was extinguished at 3pm.
Published 31 Aug, 2007 12:00am
Biography of Aftab Tapal launched

Biography of Aftab Tapal launched

"Transforming a vision into reality" is a recently compiled biography on the life and achievements of the Chief Executive of Tapal Tea Aftab Tapal. This book was officially launched by the 21st Century Business and Economic Club at a local hotel on Thursd
Published 31 Aug, 2007 12:00am
14 percent industries without association umbrella

14 percent industries without association umbrella

About 14 percent of industrial establishment are not member of any industrial associations in Pakistan. This was stated in survey of Japan International Cooperation Agency (JICA) Pakistan Manufacturing establishment. In this study-questionnaire survey of
Published 31 Aug, 2007 12:00am
Akram Sheikh visits Siemens complex

Akram Sheikh visits Siemens complex

Dr M. Akram Sheikh, Minister of State and Deputy Chairman, Planning Commission visited Siemens Industrial Complex. On arrival, he was welcomed by top management of the company led by the Managing Director Sohail Wajahat H.Siddiqui.
Published 31 Aug, 2007 12:00am
OUP to launch book on Jinnah's quotes

OUP to launch book on Jinnah's quotes

Oxford University Press will launch its latest publication, quotes from the Quaid edition by Sharif al Mujahid and Liaquat Merchant. This handy booklet offers a compilation of quotations culled from the life's work of the founder of Pakistan Muhammad Ali
Published 31 Aug, 2007 12:00am
Cathay increases flight services

Cathay increases flight services

The Cathay Pacific Airways today announced that it will further increase its services to Pakistan by adding frequencies on its routes from Karachi to Bangkok and Hong Kong. The airline took this step in lieu to the importance of Cathay Pacific places in P
Published 31 Aug, 2007 12:00am
Branded liquid milk prices up by Rs two per litre

Branded liquid milk prices up by Rs two per litre

A leading branded liquid milk producing company has increased the prices of the commodity by rupees two per litre just ahead of the holy month of Ramazan for unknown reasons, said retailers on Thursday. The one-litre liquid milk pack, which was avaialble
Published 31 Aug, 2007 12:00am
Pak-Qatar Family Takaful receives licence from SECP

Pak-Qatar Family Takaful receives licence from SECP

Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited received their licences from the Securities and Exchange Commission of Pakistan (SECP) on 16th of August, 2007 and have commenced Takaful business in Pakistan.
Published 31 Aug, 2007 12:00am
Pak-Qatar Family Takaful receives licence from SECP

Pak-Qatar Family Takaful receives licence from SECP

Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited received their licences from the Securities and Exchange Commission of Pakistan (SECP) on 16th of August, 2007 and have commenced Takaful business in Pakistan.
Published 31 Aug, 2007 12:00am
16 SIE companies provided Wimax connectivity

16 SIE companies provided Wimax connectivity

Wateen Telecom has commenced provision of Wimax connectivity to Sundar Industrial Estate (SIE) on the 25th of August 2007. On this date, Wimax connections were initiated to facilitate 16 of the estate's companies.
Published 31 Aug, 2007 12:00am
KESC holds open katcheri at Lyari

KESC holds open katcheri at Lyari

On the directives of chief executive officer KESC Syed Mohammad Amjad an open katcheri was organised at Memon Society Lyari to provide maximum facilitation at the doorstep of the area consumers. It was organised under the supervision of General Manager Bu
Published 31 Aug, 2007 12:00am
FPCCI chief sued for defamation

FPCCI chief sued for defamation

Founder of Economic Research Academy Sajjad Akhtar has filed a suit in High Court of Sindh for damages of Rs 50 million against President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Tanveer Ahmed Sheikh and Chairman of Fairs, E
Published 31 Aug, 2007 12:00am
LHC orders report on poisonous water-deaths

LHC orders report on poisonous water-deaths

The Lahore High Court has appointed a local commission directed him to submit report by September 14 after inspecting Chenab Nagar of Jhang, where some people and cattle died after consuming contaminated water drained out from a chemical factory in to a r
Published 31 Aug, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (August 30, 2007) and the forecast for Friday (August 31, 2007).
Published 31 Aug, 2007 12:00am
New York cotton

New York cotton

Thursday closing prices of New York cotton in US cents/lb.

Published 31 Aug, 2007 12:00am
Sindh NAB to curb corruption in health sector

Sindh NAB to curb corruption in health sector

The National Accountability Bureau (NAB), Sindh, has chalked out a plan to take action on complaints lodged by patients against the paramedical and clerical staffs of public and private hospitals across the province. This was revealed by a NAB official wh
Published 31 Aug, 2007 12:00am
New York cotton

New York cotton

Thursday closing prices of New York cotton in US cents/lb.

Published 31 Aug, 2007 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 31 Aug, 2007 12:00am
Ume Tayyaba granted bail

Ume Tayyaba granted bail

The Anti-Terrorist Court (ATC) has granted bail to Ume Tayyaba Dua, daughter of Maulana Abdul Aziz, Khateeb of Lal Masjid against a surety bond of Rs 50,000 in Rangers killing case. The court has also granted interim bail to Humaira Ghazi, widow of th lat
Published 31 Aug, 2007 12:00am
Alternative energy resources vital for economic growth

Alternative energy resources vital for economic growth

Energy production with alternative resources including wind, solar and production of bio-fuel diesel are vital to put national economy on fast track for sustainable development. It would help to save foreign reserves of the country, overcome power shortag
Published 31 Aug, 2007 12:00am
Quake-hit areas: ERRA to host poster competition among students

Quake-hit areas: ERRA to host poster competition among students

The Earthquake Rehabilitation and Reconstruction Authority (Erra) is hosting a poster competition amongst the school going students of the affected areas of Azad Jammu and Kashmir (AJK) and NWFP on the eve of the 2nd anniversary of October 8 killer earthq
Published 31 Aug, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 30, 2007).

Published 31 Aug, 2007 12:00am
KMF for early release of detained Korean hostages

KMF for early release of detained Korean hostages

Korean Muslim Federation has called upon Taliban to release detained Korean citizens and show respect for humanity as well as Islamic norms. "The Holy month of Ramazan is approaching and Taliban should release the hostages immediately and prove to the wor
Published 31 Aug, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (August 30, 2007) and for Friday (August 31, 2007).
Published 31 Aug, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Thursday (August 30, 2007).

Published 31 Aug, 2007 12:00am
Arbab to provide Rs five million to beautify Thul

Arbab to provide Rs five million to beautify Thul

Sindh Chief Minister, Dr Arbab Ghulam Rahim has said on Thursday that effective policies undertaken by present government have changed people's socio-economic condition. It also had launched a lot of development projects across the country with an especia
Published 31 Aug, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Thursday (August 30, 2007).

Published 31 Aug, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Thursday (August 30, 2007).

Published 31 Aug, 2007 12:00am
30 criminals nabbed in Peshawar

30 criminals nabbed in Peshawar

Capital City Police has arrested seven hardened criminals along with 23 outlaws during a mid night operation late on Wednesday night. The operation was carried out by SP Operation, Muhammad Tahir Khan in pursuance of the directives of Chief Capital City P
Published 31 Aug, 2007 12:00am
MCA finalising report on cement price hike

MCA finalising report on cement price hike

The Monopoly Control Authority (MCA) said here on Thursday that it had collected substantial data to investigate the cement price hike case and had been engaged in finalising the report to be forwarded to the Federal government.
Published 31 Aug, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 30, 2007).

Published 31 Aug, 2007 12:00am
'Tobacco research centre for Buner'

'Tobacco research centre for Buner'

Commerce Minister Humayun Akhtar Khan has said that all necessary steps will be taken to modernise tobacco farming in the country as it is one of the major exports of Pakistan. He stated this while talking to a delegation of tobacco growers from district
Published 31 Aug, 2007 12:00am
'Pakistan's missions not involved in anti-India propaganda'

'Pakistan's missions not involved in anti-India propaganda'

Pakistan termed "baseless" a reported statement by Indian minister for external affairs regarding the involvement of Pakistani missions abroad in anti-India propaganda and facilitating the terrorists on Thursday.
Published 31 Aug, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 30, 2007).

Published 31 Aug, 2007 12:00am
Pakistan protests to Sweden over blasphemous cartoon

Pakistan protests to Sweden over blasphemous cartoon

Pakistan condemned in strongest terms the publication of a blasphemous sketch of the Holy Prophet Muhammad (peace be upon him) in a Swedish newspaper 'Nerikes Allehanda' in Orebro city on Thursday.
Published 31 Aug, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 30, 2007).

Published 31 Aug, 2007 12:00am
Girls education: SSGC-SPO launch awareness programme

Girls education: SSGC-SPO launch awareness programme

The Sui Southern Gas Company (SSGC) has shown unfaltering commitment not just towards provision of natural gas to the province of Sindh but also through its corporate social responsibility initiatives in the areas of health, education, environment and com
Published 31 Aug, 2007 12:00am
CDGK finalises operational plan for Ramazan

CDGK finalises operational plan for Ramazan

The City District Government Karachi (CDGK) has devised an operational plan to fix and control prices of the essential items and establish complaint centers in the city during the holy month of Ramazan.
Published 31 Aug, 2007 12:00am
Speedy completion of Lyari Express Way ordered

Speedy completion of Lyari Express Way ordered

Sindh Chief Secretary, Ejaz Ahmed Qureshi has stressed on speedy completion of southern side of Lyari Express Way (LEW) to overcome ongoing traffic congestion and facilitate the people, specially during Ramazan-ul-Mubarak. He was presiding over a meeting
Published 31 Aug, 2007 12:00am
THE RUPEE: dollar mixed

THE RUPEE: dollar mixed

Further gain was seen in the interbank market on Thursday as the rupee managed to gain four paisa more against dollar for buying and selling at Rs 60.75 and Rs 60.77, while it turned lower in open market dealers said. Smooth supply of dollars provided the
Published 31 Aug, 2007 12:00am
Pakistan becomes investors' destination: Prime Minister

Pakistan becomes investors' destination: Prime Minister

Prime Minister Shaukat Aziz has said that because of consistency in policies and a wide-ranging structural reforms agenda based on de-regulation, liberalisation, privatisation and transparency, Pakistan has become a destination of choice for investors.
Published 31 Aug, 2007 12:00am
THE RUPEE: dollar mixed

THE RUPEE: dollar mixed

Further gain was seen in the interbank market on Thursday as the rupee managed to gain four paisa more against dollar for buying and selling at Rs 60.75 and Rs 60.77, while it turned lower in open market dealers said. Smooth supply of dollars provided the
Published 31 Aug, 2007 12:00am
LHC moved against interest rate

LHC moved against interest rate

A Lahore High Court Bar Association member has approached the Lahore High Court, saying the banks should be told to minimise the interest rate of credit cards. Petitioner MD Tahir said banks were receiving 30 to 40 percent mark-up on credit cards on per m
Published 31 Aug, 2007 12:00am
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