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Print - 2007-10-06
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (October 05, 2007).

Published 06 Oct, 2007 12:00am
Perishable items: exporters assured of speedy clearance of goods

Perishable items: exporters assured of speedy clearance of goods

The Customs and Anti-Narcotics Force (ANF) have agreed to provide every possible assistance to exporters during examination of consignment at ports to avoid damage of perishable and non-perishable goods, besides speeding up the clearance process.
Published 06 Oct, 2007 12:00am
US mum on Musharraf-Benazir deal

US mum on Musharraf-Benazir deal

The White House on Thursday made no comment on an agreement that could lead to a power-sharing deal in Pakistan, and repeated instead its call for "free and fair" elections Saturday in the Asian nation. Thursday's accord is "a matter for the Pakistanis to
Published 06 Oct, 2007 12:00am
US mum on Musharraf-Benazir deal

US mum on Musharraf-Benazir deal

The White House on Thursday made no comment on an agreement that could lead to a power-sharing deal in Pakistan, and repeated instead its call for "free and fair" elections Saturday in the Asian nation. Thursday's accord is "a matter for the Pakistanis to
Published 06 Oct, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Oct, 2007 12:00am
Gem, jewellery merchants file petition under TOO

Gem, jewellery merchants file petition under TOO

A constitutional petition under article 199 has been filed in the Sindh High Court by All Pakistan Gem Merchants and Jewellers Association Chairman Ubaid Ullah Qadri, seeking registration of his association and issuance of new license under Trade Organisa
Published 06 Oct, 2007 12:00am
Gem, jewellery merchants file petition under TOO

Gem, jewellery merchants file petition under TOO

A constitutional petition under article 199 has been filed in the Sindh High Court by All Pakistan Gem Merchants and Jewellers Association Chairman Ubaid Ullah Qadri, seeking registration of his association and issuance of new license under Trade Organisa
Published 06 Oct, 2007 12:00am
Gem, jewellery merchants file petition under TOO

Gem, jewellery merchants file petition under TOO

A constitutional petition under article 199 has been filed in the Sindh High Court by All Pakistan Gem Merchants and Jewellers Association Chairman Ubaid Ullah Qadri, seeking registration of his association and issuance of new license under Trade Organisa
Published 06 Oct, 2007 12:00am
British finance minister hints at growth forecast cut

British finance minister hints at growth forecast cut

British finance minister Alistair Darling hinted he will downgrade his economic growth forecast for the country when he presents his first pre-budget report to parliament, in an interview published Friday.
Published 06 Oct, 2007 12:00am
Japan Post, Japan Express in parcel-delivery tie-up

Japan Post, Japan Express in parcel-delivery tie-up

Japan Post agreed Friday to merge its parcel delivery operations with those of shipping firm Japan Express in its first business tie-up since the start of postal privatisation. Japan Post and Japan Express, Japan's largest transportation service company,
Published 06 Oct, 2007 12:00am
Pressure over state bank role in EADS case

Pressure over state bank role in EADS case

The role of the French state fell under the spotlight in the EADS share trading scandal on Friday as politicians questioned why a state bank had been ordered to buy shares shortly before their value fell.
Published 06 Oct, 2007 12:00am
ISE index loses 22.24 points

ISE index loses 22.24 points

Bears commanded the proceedings at the Islamabad Stock Exchange (ISE) on Friday where the equities failed to show recovery signs under the lead of hot favourites amid decrease in index. ISE-10 Index showed a decrease of 22.24 points from 3,227.18 to 3,204
Published 06 Oct, 2007 12:00am
ISE index loses 22.24 points

ISE index loses 22.24 points

Bears commanded the proceedings at the Islamabad Stock Exchange (ISE) on Friday where the equities failed to show recovery signs under the lead of hot favourites amid decrease in index. ISE-10 Index showed a decrease of 22.24 points from 3,227.18 to 3,204
Published 06 Oct, 2007 12:00am
LSE index down 6.12 points

LSE index down 6.12 points

Share prices on Lahore Stock Exchange moved both ways on Friday due to confusion over the decision of the Supreme Court of Pakistan in petitions challenging the candidature of General Musharraf. The LSE-25 index, with a fractional downward fluctuation of
Published 06 Oct, 2007 12:00am
LSE index down 6.12 points

LSE index down 6.12 points

Share prices on Lahore Stock Exchange moved both ways on Friday due to confusion over the decision of the Supreme Court of Pakistan in petitions challenging the candidature of General Musharraf. The LSE-25 index, with a fractional downward fluctuation of
Published 06 Oct, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (October 05, 2007).

Published 06 Oct, 2007 12:00am
BRIndex30 manages 16.07 points gain

BRIndex30 manages 16.07 points gain

On Friday, the BRIndex30 opened in the green zone, at 15,684.87, with an upward jump gap of 160.67 points, and closed down at 15,540.27, with a net positive change of 16.07 points, or 0.10 percent. It recorded intra-day high of 15,782.71 and low of 15,450
Published 06 Oct, 2007 12:00am
BRIndex30 manages 16.07 points gain

BRIndex30 manages 16.07 points gain

On Friday, the BRIndex30 opened in the green zone, at 15,684.87, with an upward jump gap of 160.67 points, and closed down at 15,540.27, with a net positive change of 16.07 points, or 0.10 percent. It recorded intra-day high of 15,782.71 and low of 15,450
Published 06 Oct, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (October 05, 2007).

Published 06 Oct, 2007 12:00am
DAP shortage to hit Rabi crops target

DAP shortage to hit Rabi crops target

The country has to face shortage of 0.16 million tonnes of di ammonia phosphate (DAP) during the current Rabi season, which could hit the production target of different crops, including wheat, sources in fertiliser industry told Business Recorder.
Published 06 Oct, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (October 05, 2007).
Published 06 Oct, 2007 12:00am
DAP shortage to hit Rabi crops target

DAP shortage to hit Rabi crops target

The country has to face shortage of 0.16 million tonnes of di ammonia phosphate (DAP) during the current Rabi season, which could hit the production target of different crops, including wheat, sources in fertiliser industry told Business Recorder.
Published 06 Oct, 2007 12:00am
DAP shortage to hit Rabi crops target

DAP shortage to hit Rabi crops target

The country has to face shortage of 0.16 million tonnes of di ammonia phosphate (DAP) during the current Rabi season, which could hit the production target of different crops, including wheat, sources in fertiliser industry told Business Recorder.
Published 06 Oct, 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 Friday (October 05, 2007).

Published 06 Oct, 2007 12:00am
KSE fails to maintain uptrend

KSE fails to maintain uptrend

Karachi share market on Friday started on a strong positive note and the benchmark KSE-100 index hit highest-ever intra-day level of 14,272.85 on the back of strong foreign interest coupled with local investors and institutional support.
Published 06 Oct, 2007 12:00am
KSE fails to maintain uptrend

KSE fails to maintain uptrend

Karachi share market on Friday started on a strong positive note and the benchmark KSE-100 index hit highest-ever intra-day level of 14,272.85 on the back of strong foreign interest coupled with local investors and institutional support.
Published 06 Oct, 2007 12:00am
KSE fails to maintain uptrend

KSE fails to maintain uptrend

Karachi share market on Friday started on a strong positive note and the benchmark KSE-100 index hit highest-ever intra-day level of 14,272.85 on the back of strong foreign interest coupled with local investors and institutional support.
Published 06 Oct, 2007 12:00am
Ramazan to be of 30 days

Ramazan to be of 30 days

The new moon for Shawwal will not be sighted on Friday (October 12). Therefore, Shawwal One, 1428 AH will fall on Sunday (October 14). According to astronomical parameters, there is no chance of sighting the Shawwal moon on October 12. The moon will cross
Published 06 Oct, 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 Friday (October 05, 2007).

Published 06 Oct, 2007 12:00am
Ramazan to be of 30 days

Ramazan to be of 30 days

The new moon for Shawwal will not be sighted on Friday (October 12). Therefore, Shawwal One, 1428 AH will fall on Sunday (October 14). According to astronomical parameters, there is no chance of sighting the Shawwal moon on October 12. The moon will cross
Published 06 Oct, 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 Friday (October 05, 2007).

Published 06 Oct, 2007 12:00am
SECP imposes Rs five million fine on ZMCS

SECP imposes Rs five million fine on ZMCS

The Securities and Exchange Commission of Pakistan (SECP) has imposed a fine of rupees five million on Zafar Moti Capital Securities Limited (ZMCS) and Zafar Siddiq Moti, Chief Executive of ZMCS for operating an illegal outlet.
Published 06 Oct, 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 Friday (October 05, 2007).

Published 06 Oct, 2007 12:00am
SECP imposes Rs five million fine on ZMCS

SECP imposes Rs five million fine on ZMCS

The Securities and Exchange Commission of Pakistan (SECP) has imposed a fine of rupees five million on Zafar Moti Capital Securities Limited (ZMCS) and Zafar Siddiq Moti, Chief Executive of ZMCS for operating an illegal outlet.
Published 06 Oct, 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 06 Oct, 2007 12:00am
SECP imposes Rs five million fine on ZMCS

SECP imposes Rs five million fine on ZMCS

The Securities and Exchange Commission of Pakistan (SECP) has imposed a fine of rupees five million on Zafar Moti Capital Securities Limited (ZMCS) and Zafar Siddiq Moti, Chief Executive of ZMCS for operating an illegal outlet.
Published 06 Oct, 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 06 Oct, 2007 12:00am
Renewable energy development: $510 million ADB loan agreement signed

Renewable energy development: $510 million ADB loan agreement signed

Pakistan on Friday signed an agreement with Asian Development Bank for a $510 million multi-tranche loan for the development of renewable energy. The program is the first of its kind in Pakistan, and is one of the first to be developed under ADB''s evolvi
Published 06 Oct, 2007 12:00am
Renewable energy development: $510 million ADB loan agreement signed

Renewable energy development: $510 million ADB loan agreement signed

Pakistan on Friday signed an agreement with Asian Development Bank for a $510 million multi-tranche loan for the development of renewable energy. The program is the first of its kind in Pakistan, and is one of the first to be developed under ADB's evolvin
Published 06 Oct, 2007 12:00am
Renewable energy development: $510 million ADB loan agreement signed

Renewable energy development: $510 million ADB loan agreement signed

Pakistan on Friday signed an agreement with Asian Development Bank for a $510 million multi-tranche loan for the development of renewable energy. The program is the first of its kind in Pakistan, and is one of the first to be developed under ADB's evolvin
Published 06 Oct, 2007 12:00am
BRIDGE NOTES: The Dutch found a brilliant play for a slam

BRIDGE NOTES: The Dutch found a brilliant play for a slam

The European Bridge Championship has been a regular annual feature since 1956, which has been organised at different capital cities in Europe. The competitions in Europe have added new countries in the list of bridge teams, which encouraged them to partic
Published 06 Oct, 2007 12:00am
Eid-ul-Fitr in Canada

Eid-ul-Fitr in Canada

Celebration of Eid-ul-Fitr and other Islamic holidays in Western countries, where Muslims are in a minority acquire greater meaning and significance. Besides participating in festivities the Muslims there also try to project the truly virtuous aspects of
Published 06 Oct, 2007 12:00am
Cabinet approves NRO

Cabinet approves NRO

The Cabinet, which met here on Friday, with Prime Minister Shaukat Aziz in the chair, approved draft of the National Reconciliation Ordinance (NRO) 2007, which has been finalised by political and legal teams of the government and Pakistan People''s Party
Published 06 Oct, 2007 12:00am
Cabinet approves NRO

Cabinet approves NRO

The Cabinet, which met here on Friday, with Prime Minister Shaukat Aziz in the chair, approved draft of the National Reconciliation Ordinance (NRO) 2007, which has been finalised by political and legal teams of the government and Pakistan People's Party (
Published 06 Oct, 2007 12:00am
Surviving the cultural diffusion

Surviving the cultural diffusion

Knowing Karachi through the eyes of Mohammed Islam is a great experience. One must feel nostalgic with the thought of riding on a time machine, back to the lost glory of this metropolis. The man, in his mid-fifties narrates his life while analysing the tr
Published 06 Oct, 2007 12:00am
Cabinet approves NRO

Cabinet approves NRO

The Cabinet, which met here on Friday, with Prime Minister Shaukat Aziz in the chair, approved draft of the National Reconciliation Ordinance (NRO) 2007, which has been finalised by political and legal teams of the government and Pakistan People's Party (
Published 06 Oct, 2007 12:00am
CAPITAL CULTURAL SCENE: Art in service of humanity and women empowerment

CAPITAL CULTURAL SCENE: Art in service of humanity and women empowerment

The artistic evolution of mansoor rahi: The Rahi Art Gallery and Museum came up with a real artistic treat with an exhibition of paintings on September 29. The event offered a charming collection of art pieces created by Mansoor Rahi and his wife Hajira a
Published 06 Oct, 2007 12:00am
Syed Sulaiman Nadvi - a great Muslim scholar

Syed Sulaiman Nadvi - a great Muslim scholar

Syed Sulaiman was born in 1885 in a well-known family of Desna, a village in the district of Patna in Bihar, India. His father, Hakim Syed Abul Hasan, was known for his learning and piety. The young Sulaiman received his early education from his elder bro
Published 06 Oct, 2007 12:00am
Government-PPP amnesty deal: reconciliation ordinance promulgated

Government-PPP amnesty deal: reconciliation ordinance promulgated

President General Pervez Musharraf has promulgated the National Reconciliation Ordinance 2007, empowering the federal and provincial governments to withdraw from prosecution before the judgement is pronounced by the court of trial.
Published 06 Oct, 2007 12:00am
Muslim contribution to classical music in the sub-continent

Muslim contribution to classical music in the sub-continent

Music is regarded by religious zealots in Pakistan as an immoral and abhorrent pursuit in life and its practitioners are considered 'dishonourable persons'. Unfortunately, they take this finest of the fine arts (without plausible justification) as a Hindu
Published 06 Oct, 2007 12:00am
Government-PPP amnesty deal: reconciliation ordinance promulgated

Government-PPP amnesty deal: reconciliation ordinance promulgated

President General Pervez Musharraf has promulgated the National Reconciliation Ordinance 2007, empowering the federal and provincial governments to withdraw from prosecution before the judgement is pronounced by the court of trial.
Published 06 Oct, 2007 12:00am
KARACHI CHRONICLE: Getting ready for Eid

KARACHI CHRONICLE: Getting ready for Eid

Everyone is hoping for a Friday Eid because two Khutbas spell the downfall of the ruler. This is a popular superstition in our part of the Muslim world, that a Friday Khutba and an Eid Khutba on the same day are curtains for the Hakim-i-Waqt.
Published 06 Oct, 2007 12:00am
Government-PPP amnesty deal: reconciliation ordinance promulgated

Government-PPP amnesty deal: reconciliation ordinance promulgated

President General Pervez Musharraf has promulgated the National Reconciliation Ordinance 2007, empowering the federal and provincial governments to withdraw from prosecution before the judgement is pronounced by the court of trial.
Published 06 Oct, 2007 12:00am
Let us keep the fire ablaze

Let us keep the fire ablaze

Exactly 2 years ago, Saturday the fateful day of October 8, 2005, at 8.52 am, a vast tract of 'terra firma', the location of Azad Kashmir, Balakkot and Northern Areas of the country, shook under the impact of violent energy and all was over in no time.
Published 06 Oct, 2007 12:00am
Faulty e-filing may bring back manual tax returns system

Faulty e-filing may bring back manual tax returns system

The Large Taxpayer Unit (LTU), Lahore, has apprehended that serious problems in the e-filing system, through e-portal, might result in reverting to the old system of manual filing of income tax returns for the tax year 2007.
Published 06 Oct, 2007 12:00am
India's September oilmeal exports up

India's September oilmeal exports up

India's oilmeal exports in September rose nearly 9 percent from a year earlier to 352,800 tonnes due to higher demand for soyameal, a leading trade body said on Friday. Exports of soyameal in September rose an annual 31.7 percent to 236,450 tonnes, the fi
Published 06 Oct, 2007 12:00am
Faulty e-filing may bring back manual tax returns system

Faulty e-filing may bring back manual tax returns system

The Large Taxpayer Unit (LTU), Lahore, has apprehended that serious problems in the e-filing system, through e-portal, might result in reverting to the old system of manual filing of income tax returns for the tax year 2007.
Published 06 Oct, 2007 12:00am
Ivorian cocoa arrivals down

Ivorian cocoa arrivals down

Cocoa arrivals at Ivory Coast's San Pedro port reached 557,107 tonnes by September 30, 2007, according to data from the Coffee and Cocoa Bourse (BCC) obtained by Reuters on Friday.
Published 06 Oct, 2007 12:00am
Faulty e-filing may bring back manual tax returns system

Faulty e-filing may bring back manual tax returns system

The Large Taxpayer Unit (LTU), Lahore, has apprehended that serious problems in the e-filing system, through e-portal, might result in reverting to the old system of manual filing of income tax returns for the tax year 2007.
Published 06 Oct, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 151,115 tonnes cargo including 116,423 tonnes import, 34,692 tonnes export cargo and 3,225 containers (TEUs) during last 24 hours ending at 0700 hours on Friday.
Published 06 Oct, 2007 12:00am
Polling from 10am to 3pm

Polling from 10am to 3pm

The election for the office of the President will be held on Saturday, with Musharraf still to be cleared by the Supreme Court which has restrained the Election Commission (EC) from issuing result till the final decision on the petitions against General M
Published 06 Oct, 2007 12:00am
WCE canola higher

WCE canola higher

Winnipeg Commodity Exchange canola futures closed higher on Thursday, supported by crusher buying and a rally in US soyoil futures. Canola settled $2.50 to $5.00 per tonne higher, with November up $3.20 at $431.20 and January up $2.50 at $442.50.
Published 06 Oct, 2007 12:00am
Polling from 10am to 3pm

Polling from 10am to 3pm

The election for the office of the President will be held on Saturday, with Musharraf still to be cleared by the Supreme Court which has restrained the Election Commission (EC) from issuing result till the final decision on the petitions against General M
Published 06 Oct, 2007 12:00am
Indian mill sells 20,000 tonnes raw sugar

Indian mill sells 20,000 tonnes raw sugar

A southern Indian sugar mill has sold 20,000 tonnes of raw sugar at $255-270 per tonne free on board to a US trading firm, an official at the Indian company, who could not be named, said on Friday. He said the raw sugar was to be shipped this week, but di
Published 06 Oct, 2007 12:00am