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Mar 30, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-09-21
FCIBL ratings reaffirmed

FCIBL ratings reaffirmed

The JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of First Credit and Investment Bank Limited (FCIBL) at 'BBB+' (Triple B Plus) with a 'Stable' outlook. The short-term rating has also been reaffirmed
Published 21 Sep, 2007 12:00am
Workshop on 'teaching skills for primary teachers'

Workshop on 'teaching skills for primary teachers'

The Goher Foundation held a two-day training workshop titled "effective teaching skills for primary teachers" at the main foundation's secretariat, attended by 40 male and female teachers from public and private schools in Bahawalpur and Lodhran.
Published 21 Sep, 2007 12:00am
Majority of FBR employees qualify for double pay package

Majority of FBR employees qualify for double pay package

Majority of the Federal Board of Revenue (FBR) employees have qualified for grant of special allowance (double pay package) under Internal Job Processing (IJP) selection process. Sources told Business Recorder on Thursday that the exercise of IJP s
Published 21 Sep, 2007 12:00am
HBFCL appoints advisers

HBFCL appoints advisers

The House Building Finance Corporation Limited (HBFCL) has authorised Standard Chartered Bank (Pakistan) Limited, AMZ Securities (Private) Limited and Emirates Global Islamic Bank Limited as its financial advisers, a press release said this, issued here o
Published 21 Sep, 2007 12:00am
FBR wants to follow Turkish taxation system

FBR wants to follow Turkish taxation system

The Federal Board of Revenue (FBR) wanted to follow Turkish Taxation System where every taxpayer has to obtain tax identification number (TIN) without specific income threshold.
Published 21 Sep, 2007 12:00am
Musharraf's plan to step down encouraging: McKinnon

Musharraf's plan to step down encouraging: McKinnon

Commonwealth secretary general Don McKinnon on Thursday said President Pervez Musharraf's plan to step down as military chief was an encouraging move but his handling of political foes was still a concern. At a news conference here on Thursday, Mckinnon a
Published 21 Sep, 2007 12:00am
'EU resumes dialogue with Pakistan'

'EU resumes dialogue with Pakistan'

European Union has re-initiated its dialogue with Pakistan which could lead to better and meaningful relations between the two and pave way for greater assistance to Pakistan for its economic and social development.
Published 21 Sep, 2007 12:00am
National Assembly Speaker seeks McKinnon help to resolve Kashmir dispute

National Assembly Speaker seeks McKinnon help to resolve Kashmir dispute

The Speaker National Assembly Chaudhry Amir Hussain made a request to head of the Commonwealth forum Don McKinnon on Thursday to help in creating an enabling environment for resolving outstanding disputes between India and Pakistan and allow their respect
Published 21 Sep, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Sep, 2007 12:00am
World Bank team briefed about establishing FIC

World Bank team briefed about establishing FIC

Secretary, Board of Investment (BoI) Mushtaq Malik, here on Thursday apprised a delegation of the World Bank regarding the proposal for the establishing "Foreign Investment Counsel" (FIC).
Published 21 Sep, 2007 12:00am
Cotton crop under threat as more rains predicted

Cotton crop under threat as more rains predicted

Weather authorities have predicted more rains for next week in Punjab and Sindh provinces where the harvest of cotton is underway, threatening the already under pressure crop. A statement by the Meteorological Department here on Thursday said strong monso
Published 21 Sep, 2007 12:00am
Government to field covering candidates for President: Durrani

Government to field covering candidates for President: Durrani

The government plans to field covering candidates for President Musharraf in the coming presidential election from all the provinces, said Information Minister Muhammad Ali Durrani. Talking to reporters here at an Iftar-cum-dinner hosted by Press Informat
Published 21 Sep, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (September 20, 2007).

Published 21 Sep, 2007 12:00am
'CLCV's attack on cotton crop continuously increasing'

'CLCV's attack on cotton crop continuously increasing'

The attack of mealy bug upon the cotton crop is under control while the attack of Cotton Leaf Curl Virus (CLCV) is increasing with each passing day, sources told Business Recorder here on Thursday. According to the sources, mealy bug has affected a
Published 21 Sep, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 21 Sep, 2007 12:00am
'Moving Ahead' extended till September 30

'Moving Ahead' extended till September 30

The national exhibition titled "Moving Ahead " with 700 art pieces has been extended till September 30 at National Art Gallery of Pakistan National Council of the Arts. It may be recalled that the exhibition was coincided with the inauguration of the Nati
Published 21 Sep, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Sep, 2007 12:00am
Government asked to check price hike

Government asked to check price hike

The price of flours and other cereals including Jowar, Bajiri, Makai and gram have gone up in the city of Karachi. Retailers at Empress Market and Boulton market said that the prices of all the flours and cereals have gone up.
Published 21 Sep, 2007 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 21 Sep, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Sep, 2007 12:00am
Demonstration against food department

Demonstration against food department

Flour Mall Owners' Social Welfare Association on Thursday demonstrated against the food department for supplying insufficient and rain-affected wheat to flour malls.
Published 21 Sep, 2007 12:00am
Telenor Rabta centres launched

Telenor Rabta centres launched

Telenor Pakistan has launched Telenor Rabta Centres as part of a pilot project involving local communities. These community information centres offer all modern communication facilities under one roof. The services use Telenor Pakistan's high-speed Edge n
Published 21 Sep, 2007 12:00am
KSE amends regulations Governing Futures Contract

KSE amends regulations Governing Futures Contract

The Karachi Stock Exchange (KSE), with the prior approval of Securities and Exchange Commission of Pakistan (SECP), has made amendments to its Regulations Governing Futures Contract. In a notice issued here on Thursday, the KSE said that the existing Regu
Published 21 Sep, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (September 20, 2007).

Published 21 Sep, 2007 12:00am
HBFC to start mobile loan services soon

HBFC to start mobile loan services soon

The House Building Finance Corporation Limited (HBFCL) has chalked out a plan to facilitate loanee at his doorstep through its mobile services by the next month. An official of the HBFCL told Business Recorder here on Thursday that initiative had b
Published 21 Sep, 2007 12:00am
GCU to hold international moot on statistical sciences

GCU to hold international moot on statistical sciences

The Statistics Department of GC University Lahore will hold a two-day international conference on 'Statistical Sciences' with special reference to data analysis in the varsity in the near future.
Published 21 Sep, 2007 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Firm trend was seen in the currency market on Thursday as the rupee managed to gain modest ground against dollar, and registered a gain of five paisa both for buying and selling, dealers said.
Published 21 Sep, 2007 12:00am
STBB fails to provide textbooks to students

STBB fails to provide textbooks to students

Sindh Text Book Board (STBB) has not been able to provide textbooks to the students of class I to VIII, even though the academic session has been started. The Board allegedly involved in embezzlement in the allocated funds of Rs 350 million by the governm
Published 21 Sep, 2007 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Firm trend was seen in the currency market on Thursday as the rupee managed to gain modest ground against dollar, and registered a gain of five paisa both for buying and selling, dealers said.
Published 21 Sep, 2007 12:00am
Indoor hatchery, aquaculture laboratory inaugurated

Indoor hatchery, aquaculture laboratory inaugurated

The Vice Chancellor University of Sindh Mazharul Haq Siddiqui on Thursday inaugurated the Pilot Indoor Hatchery and Aquaculture Laboratory at Allama I.I Kazi Campus Jamshoro.
Published 21 Sep, 2007 12:00am
'PPPP legislators' submit resignations to Benazir'

'PPPP legislators' submit resignations to Benazir'

Senator Sajjad Bokhari, Central Deputy Secretary Information, Pakistan People's Party Parliamentarian has stated that all members of National and Provincial Assemblies as well as the Senate belonging to Pakistan Peoples Party Parliamentarian have handed o
Published 21 Sep, 2007 12:00am
APDM strongly reacts to presidential election schedule

APDM strongly reacts to presidential election schedule

The All Parties Democratic Movement has strongly reacted to the Election Commission's announcement of Presidential election Schedule and called the APDM emergency meeting at 4 pm here on Friday.
Published 21 Sep, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 20, 2007).

Published 21 Sep, 2007 12:00am
SDF hosts Iftar dinner meeting

SDF hosts Iftar dinner meeting

Sindh Democratic Forum hosted an Iftar dinner meeting in honour of Chairman Sindh National Front, Mumtaz Ali Bhutto and discussed various issues relating to Sindh. The meeting was held at the residence of Abrar Qazi, Convenor of SDF.
Published 21 Sep, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 20, 2007).

Published 21 Sep, 2007 12:00am
APDM calls countrywide protest today

APDM calls countrywide protest today

Member parties of All Parties Democratic Movement (APDM) have been told to direct their legislators and candidates for the upcoming general elections to show street strength on Friday for a countrywide protest.
Published 21 Sep, 2007 12:00am
Rs 220 million allocated for Attock-Rawalpindi link Road

Rs 220 million allocated for Attock-Rawalpindi link Road

Punjab government has earmarked an amount of Rs 220 million for construction of link road between Attock and Rawalpindi and construction work on Sanjwal G.T Road Mela Chowk Road. This was stated by Muhammad Farakh, SDO Provincial Highway Department while
Published 21 Sep, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 20, 2007).

Published 21 Sep, 2007 12:00am
1,000 cusecs irrigation water for Cholistan approved

1,000 cusecs irrigation water for Cholistan approved

Provision of one thousand cusecs additional irrigation water to Cholistan area is a landmark step that would pave way for further development of the area. Talking to APP here on Thursday, spokesman of Cholistan development authority said that under a proj
Published 21 Sep, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Thursday (September 20, 2007).

Published 21 Sep, 2007 12:00am
PSQCA being reconstituted

PSQCA being reconstituted

The Pakistan Standards and Quality Control Authority (PSQCA) is being reconstituted and reorganised. This was stated by the Director General of PSQCA, Dr Abdul Ghaffar Soomro. He was chairing a meeting of the PSQCA in his office here on Thursday. Soomro s
Published 21 Sep, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Thursday (September 20, 2007).

Published 21 Sep, 2007 12:00am
Agriculture scientists urged to meet cotton output target

Agriculture scientists urged to meet cotton output target

Agriculture scientists should face the daunting challenge of meeting cotton requirements of textile industry which presently stands at 15 to 16 million bales only, said Fayyaz Bashir, Secretary Agriculture Punjab.
Published 21 Sep, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Thursday (September 20, 2007).

Published 21 Sep, 2007 12:00am
CDGK plans new truck stand at Northern Bypass

CDGK plans new truck stand at Northern Bypass

The City District Nazim, Syed Mustafa Kamal has said that goods carrier transport is a major chunk of country's economy and its consolidation will further strengthen the national economy.
Published 21 Sep, 2007 12:00am
'No flour shortage in Balochistan'

'No flour shortage in Balochistan'

Provincial Secretary Home Irfan Bahadur has said that there is no shortage of atta (flour) in Balochistan including Quetta. There exists sufficient stock of wheat at the godowns of food department. Atta is distributed by trucks at 10 spots in the morning
Published 21 Sep, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (September 20, 2007) and for Friday (September 21, 2007).
Published 21 Sep, 2007 12:00am
NBP starts personalised service to account holders

NBP starts personalised service to account holders

National Bank of Pakistan has launched a comprehensive programme to upgrade its technology base to extend personalised service to its account holders. Muhammad Aslam Mirza, regional business chief, National Bank of Pakistan said that in doing so, NBP requ
Published 21 Sep, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 20, 2007).

Published 21 Sep, 2007 12:00am
'CNG Conex' in Karachi from October 27

'CNG Conex' in Karachi from October 27

The 4th international conference and exhibition, "CNG Conex 2007' will be held on 27-28 October 2007 at Karachi Expo Centre with the objective to promote CNG as an alternative and environment friendly fuel in the country and promotion of CNG conversion of
Published 21 Sep, 2007 12:00am
LHC issues contempt of court notices to SHO, others

LHC issues contempt of court notices to SHO, others

The Lahore High Court issued contempt of court notices to SHO Police Station Ahmadpur Sial, Imran Qureshi and Investigation Officer Altaf Hussain and directed them to explain their position by October 03 and rose for the day.
Published 21 Sep, 2007 12:00am
Accountability courts hear three NAB references

Accountability courts hear three NAB references

The hearing in three National Accountability Bureau (NAB) references against Irshad Ahmed Shaikh, Abdul Hakeem Makhdoom, Pir Bux Solangi and Abdul Sattar Mandokhel was adjourned till October 22 by accountability court no I at the request of junior defence
Published 21 Sep, 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 21 Sep, 2007 12:00am
Progress on officers' hostel project reviewed

Progress on officers' hostel project reviewed

A 50-room hostel is being constructed at a cost of Rs 76.897 million to provide suitable accommodation facilities to officers arriving for various training sessions to the provincial capital. This was informed by Mushtaq Kiani, Punjab Minister for Managem
Published 21 Sep, 2007 12:00am
New York cotton

New York cotton

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

Published 21 Sep, 2007 12:00am
Toba TMA criticised for contaminated water

Toba TMA criticised for contaminated water

Labour Party Pakistan central secretary general and candidate for general election from NA-93 (Toba Tek Singh), Mian Farooq Tariq has condemned the Toba TMA and district administration for its failure to supply clean drinking water to the people.
Published 21 Sep, 2007 12:00am
New York cotton

New York cotton

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

Published 21 Sep, 2007 12:00am
NWFP industrialists seek low mark up credit

NWFP industrialists seek low mark up credit

The business community of NWFP on Thursday called for increase in mix deposit in the Bank of Khyber (BoK) for availability of low mark up credit for local industries to encourage investment in the province.
Published 21 Sep, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (September 20, 2007) and the forecast for Friday (September 21, 2007).
Published 21 Sep, 2007 12:00am
Traders asked to sell edibles at reasonable rates

Traders asked to sell edibles at reasonable rates

City District Nazim, Raja Javed Ikhlas has asked the traders to make sure the provision of edibles at reasonable rates and avoid resorting to illegal profiteering and hoarding during Ramazan. "Government would not spare anyone found involved in hoarding o
Published 21 Sep, 2007 12:00am
'IPI project to open new avenues of trade in region'

'IPI project to open new avenues of trade in region'

Early implementation on transnational gas pipeline project will open new avenues of economic co-operation among the regional countries. This was stated by Federal Petroleum and Natural Resources Minister Amanullah Khan Jadoon, while talking to Indian High
Published 21 Sep, 2007 12:00am
UVAS develops technology to monitor adulterant in milk

UVAS develops technology to monitor adulterant in milk

Quality Control Laboratory of the University of Veterinary and Animal Sciences (UVAS) Lahore has developed methods for detection of adulterants in the market milk. The Quality Control Laboratory manufactured a field kit, "Milk Adulterant Tests" by using t
Published 21 Sep, 2007 12:00am
Karachi bridge collapse: contract document pages sealed

Karachi bridge collapse: contract document pages sealed

Lieutenant General Farooq Ahmad Khan (Retd), Chairman, National Disaster Management Authority told members of National Standing Committee on Planning and Development that all pages of contract documents relating to collapse of the external pier of the She
Published 21 Sep, 2007 12:00am
NetSol's revenue up

NetSol's revenue up

Chairman and Chief Executive of NetSol Technologies Limited Salim Ghauri said on Thursday the demand for LeaseSoft and LeasePak solutions had augmented the company's top line revenue growth that registered 137 percent increase in licence revenue year-over
Published 21 Sep, 2007 12:00am
Licences of four engineers suspended

Licences of four engineers suspended

Karachi Building Control Authority (KBCA) has suspended the licences of four more structure and architect engineers while an illegal CNG station was also sealed in Gulshan-e-Iqbal.
Published 21 Sep, 2007 12:00am
114,296 plots of five Marla allotted to shelterless people

114,296 plots of five Marla allotted to shelterless people

Punjab Minister for Colonies Mian Manazar Ali Ranjha has said that process of allotment of state land to the landless farmers would remain continue and more plots of 5-Marla would be distributed among the shelterless people.
Published 21 Sep, 2007 12:00am
'Action to be taken against illegal organs transplant centres'

'Action to be taken against illegal organs transplant centres'

The Federal Minister for Health Muhammad Nasir Khan on Thursday said that government would take strict action against illegal transplant centres and hospitals functioning in the country to regulate transplantation of human organs.
Published 21 Sep, 2007 12:00am
Power, desalination plants for Site soon: minister

Power, desalination plants for Site soon: minister

Sindh Minister for Labour, Transport, Industry, Commerce and Cooperation, Muhammad Adil Siddiqui has informed business community that a cabinet meeting scheduled to be held in next few days would give approval for two projects including desalination of se
Published 21 Sep, 2007 12:00am
JCR-VIS assigns 'A-' to UIL

JCR-VIS assigns 'A-' to UIL

JCR-VIS Credit Rating Company Limited has assigned an Insurer Financial Strength rating of 'A' (Single A Minus) to UBL Insurers Limited (UIL). Outlook on the assigned rating is 'Stable'. The UIL has an experienced management team, which has held a lengthy
Published 21 Sep, 2007 12:00am
JCR-VIS assigns 'A-' to UIL

JCR-VIS assigns 'A-' to UIL

JCR-VIS Credit Rating Company Limited has assigned an Insurer Financial Strength rating of 'A' (Single A Minus) to UBL Insurers Limited (UIL). Outlook on the assigned rating is 'Stable'. The UIL has an experienced management team, which has held a lengthy
Published 21 Sep, 2007 12:00am
FCIBL ratings reaffirmed

FCIBL ratings reaffirmed

The JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of First Credit and Investment Bank Limited (FCIBL) at 'BBB+' (Triple B Plus) with a 'Stable' outlook. The short-term rating has also been reaffirmed
Published 21 Sep, 2007 12:00am
Chelsea in turmoil as Mourinho quits

Chelsea in turmoil as Mourinho quits

Jose Mourinho's three-year reign at Chelsea came to an abrupt end on Thursday as the Portuguese manager's fraught relationship with the club's Russian owner, Roman Abramovich, finally reached breaking point.
Published 21 Sep, 2007 12:00am
Davenport, Jankovic reach quarters in Beijing

Davenport, Jankovic reach quarters in Beijing

Former world number one Lindsay Davenport powered into the quarter-finals of the China Open on Thursday, notching her seventh straight win since rejoining the tour after giving birth in June. World number three Jelena Jankovic also reached the quarter-fin
Published 21 Sep, 2007 12:00am
Emirates signs three-year deal with Chelsea

Emirates signs three-year deal with Chelsea

Etihad Airways, the national airline of the United Arab Emirates, has signed a three-year deal to be a Platinum Sponsor and Official International Airline' Partner of Chelsea Football Club, says a press release issued recently.
Published 21 Sep, 2007 12:00am
Morkel in Test squad

Morkel in Test squad

Fast bowling discovery Morne Morkel has been included in the South African squad that will play two Test matches in Pakistan next month. The tall Morkel, 22, has been South Africa's best bowler in the World Twenty20 tournament with eight wickets in four m
Published 21 Sep, 2007 12:00am
Sri Lanka crash out of Twenty20

Sri Lanka crash out of Twenty20

Australia's pace bowlers sent Sri Lanka crashing out of the World Twenty20 championships at Newlands Thursday. "We're rising to the occasion," said stand-in Australian captain Adam Gilchrist. "We are more experienced in the big games."
Published 21 Sep, 2007 12:00am
Pakistan, Australia, India win

Pakistan, Australia, India win

Pakistan posted a comfortable win over Bangladesh at Newlands on Thursday. Australia defeated Sri Lanka by ten wickets. While, India beat host South Africa and qualified for the semi-finals.
Published 21 Sep, 2007 12:00am
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