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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-10-24
Unilever Pakistan wins award

Unilever Pakistan wins award

Unilever Pakistan won the excellence award in the best workplace practices category, at the Asian CSR Awards held in Vietnam recently. The company was given this honour for its personal vitality health passport initiative, which is designed to ensure the
Published 24 Oct, 2007 12:00am
Pharma Asia 2008 exposition in April

Pharma Asia 2008 exposition in April

Second Pharma Asia, an incorporating event of Health Asia is scheduled to be held from April 5 to 7, 2008 at Karachi Expo Centre. The exhibition would serve as a comprehensive showcase of the latest in technology, equipment and machinery as well as allied
Published 24 Oct, 2007 12:00am
Moot on free trade agreements on November 13

Moot on free trade agreements on November 13

The efficacy or otherwise of the Free Trade Agreements (FTAs) and bilateral trade agreements Pakistan has with some countries would be discussed at a 'Consultative Conference on Pakistan's FTAs' at a hotel here on November 13.
Published 24 Oct, 2007 12:00am
Trade across LoC likely to begin next year: India

Trade across LoC likely to begin next year: India

Jairam Ramesh, Indian Minister of State for Commerce hoped that trade between two parts of Kashmir was likely to begin in the first half of next year. The Indian daily The Hindu quoting the Minister in Srinagar said after truck movement through Wagah, I d
Published 24 Oct, 2007 12:00am
Tight security as ancestral home awaits Benazir

Tight security as ancestral home awaits Benazir

Massive security preparations surrounded the family mausoleum of Benazir Bhutto on Tuesday as villagers awaited a visit by the former Pakistani premier, officials said. Benazir's travel plans have been under wraps since Thursday. Her party said there were
Published 24 Oct, 2007 12:00am
$3 million fabrics' orders received at Russian exhibition

$3 million fabrics' orders received at Russian exhibition

Pakistani exporters received orders worth three million dollars for various fabrics at the 29th Federal Fair for Home Textiles held at the Russian exhibition centre last week, according to information received here on Tuesday.
Published 24 Oct, 2007 12:00am
Trading in SIFC from November 5

Trading in SIFC from November 5

Karachi Stock Exchange (KSE) has, in principle, decided to introduce trading in the stock index futures contracts (SIFC), based on the KSE-30 index, from November 5. All relevant regulations for the purpose have been forwarded to the Securities and Exchan
Published 24 Oct, 2007 12:00am
TRG divests its Central Voice assets

TRG divests its Central Voice assets

The Resource Group International Limited (TRG), a global business process outsourcing (BPO) company providing equity capital, outsource services, and technology solutions worldwide, today announced that it has divested substantially all the assets of its
Published 24 Oct, 2007 12:00am
TRG divests its Central Voice assets

TRG divests its Central Voice assets

The Resource Group International Limited (TRG), a global business process outsourcing (BPO) company providing equity capital, outsource services, and technology solutions worldwide, today announced that it has divested substantially all the assets of its
Published 24 Oct, 2007 12:00am
Housing sector: HBFCL role in eradicating feudal psyche highlighted

Housing sector: HBFCL role in eradicating feudal psyche highlighted

Since independent no scientific study has been made to overcome the shortage of houses in Pakistan. This was stated by former Federal Minister for Housing Safwanullah while inaugurating the House Building Financing Corporation Limited (HBFCL) Customers' C
Published 24 Oct, 2007 12:00am
FPCCI acting president

FPCCI acting president

Qamar Zaman Gill, vice-president, FPCCI, has taken over as FPCCI acting president during absence abroad of Tanvir Ahmad Sheikh, president, FPCCI, who has gone to attend the 8th General Assembly meeting of ECO Chamber of Commerce and Industry in Turkey. Qa
Published 24 Oct, 2007 12:00am
SBP governor urged to take immediate steps to cut mark-up

SBP governor urged to take immediate steps to cut mark-up

The Lahore Chamber of Commerce and Industry (LCCI) has urged the State Bank governor to take immediate measures to decrease the mark-up since the high interest rate was not only creating troubles for industrial concerns but also making Pakistani goods unc
Published 24 Oct, 2007 12:00am
1st ICC crime services workshop on November 1

1st ICC crime services workshop on November 1

The International Chamber of Commerce (ICC) Pakistan is holding a full day intensive workshop, the very first of its kind in Pakistan, in conjunction with ICC Commercial Crime Services and appropriately titled "Workshop on trade and financial fraud preven
Published 24 Oct, 2007 12:00am
No breakthrough due to Indian intransigence: Mushahid

No breakthrough due to Indian intransigence: Mushahid

Indian intransigence is a barrier in achieving breakthrough on the core issue of Kashmir. It was disclosed by the Chair of Senate Foreign Affairs Committee Mushahid Hussain Syed, while briefing to the 13-member delegation from the Royal College of Defence
Published 24 Oct, 2007 12:00am
Taxpayers need not fear: USAS revised return not to entail audit

Taxpayers need not fear: USAS revised return not to entail audit

The filing of revised income tax returns under Universal Self Assessment Scheme (USAS) would not be considered as a criterion for selection of cases for field audit of medium and small taxpayers. Sources told Business Recorder on Monday that the ta
Published 24 Oct, 2007 12:00am
Corrigendum

Corrigendum

The name of Pakistan Tobacco Company (PTC) was mistakenly used in a news item published in Business Recorder's issue of October 19, 2007 carrying headline PTC sets up committees for fixation of tobacco prices. For the information of all and sundry
Published 24 Oct, 2007 12:00am
Turnover of USC to rise Rs 10 billion per month

Turnover of USC to rise Rs 10 billion per month

The turnover of Utility Stores Corporation (USC) would be expanded to Rs 10 billion per month with the establishment of 6,000 stores across the country by the end of this year.
Published 24 Oct, 2007 12:00am
Pasdec fails to initiate any project

Pasdec fails to initiate any project

The non-professional management of Pakistan Stone Development Company (Pasdec), a much triumphant company established for the development of marble and granite and introduction of modern technology in the sector has failed in initiating any projects durin
Published 24 Oct, 2007 12:00am
CBR quarterly moot on October 26

CBR quarterly moot on October 26

Central Board of Revenue (CBR) is organising a quarterly conference of Regional Commissioners of Income Tax (RCsIT), Director Generals of Large Taxpayers Units (LTUs), Regional Tax Officers (RTOs), Commissioners of Income Tax (CsIT) and Commissioner (Appe
Published 24 Oct, 2007 12:00am
Four injured in gas explosion

Four injured in gas explosion

Four people of a family were injured in a gas explosion in Dhok Charag Din area in the jurisdiction of Civil Lines Police Station here on Monday. As per details, a gas-stove exploded when Shahnaz, wife of M. Asif, tried to lit the stove for preparing brea
Published 24 Oct, 2007 12:00am
Nazim lauds chief minister's uplift initiatives

Nazim lauds chief minister's uplift initiatives

The special development initiatives announced for district Rahim Yar Khan by the Chief Minister Punjab on his recent visit will greatly enhance the standard of life of the local population. This was stated by tehsil nazim Khanpur, Syed Ghulam Murtaza whil
Published 24 Oct, 2007 12:00am
Senate body takes notice of 'irregularities' in allotment of plot by CDA

Senate body takes notice of 'irregularities' in allotment of plot by CDA

Senate Standing Committee on Interior Tuesday took a strong exception of the 'irregularities' committed by Capital Development Authority (CDA) in allotment of more than 3500 plots to its employees in Islamabad. Chairman Senate Standing Committee, Senate M
Published 24 Oct, 2007 12:00am
M-1 motorway project to be opened soon

M-1 motorway project to be opened soon

The National Highway Authority (NHA) has completed M-1, Peshawar-Islamabad Motorway Project with the cost of Rs 15 billion and would be opened very soon for all kind of traffic and the project will be formally inaugurated by President General Pervez Musha
Published 24 Oct, 2007 12:00am
Six sisters pay price of owner-tenant clash

Six sisters pay price of owner-tenant clash

Six sisters were brutally burnt by the owner of the home in Azizabad, Bahawalpur on Monday when their father refused to vacate home. According to details the owner of the rented home Dr Muhammad Aslam had been demanding tenant Ghulam Abbas since long to v
Published 24 Oct, 2007 12:00am
Cash awards for police officials

Cash awards for police officials

Police have announced cash awards and certificates for those officials who arrested the culprits carrying lethal weapons in a car. The Regional Police Officer (RPO) Region III, Nasir Khan Durrani told reporters that the cash award and commending certifica
Published 24 Oct, 2007 12:00am
Karachi blasts: no change in investigation team: adviser

Karachi blasts: no change in investigation team: adviser

The Sindh home department will not make any changes in the investigation team formed to ascertain facts behind the October 18 blasts in the procession of Benazir Bhutto, sources told Business Recorder here on Tuesday.
Published 24 Oct, 2007 12:00am
Punjab Ombudsman provides relief to 330 petitioners

Punjab Ombudsman provides relief to 330 petitioners

Provincial Ombudsman Abdur Rashid Khan has provided relief to 330 petitioners through the regional office Multan during September. This was stated by Advisor to provincial Ombudsman Syed Bahadar Shah while talking to APP.
Published 24 Oct, 2007 12:00am
PPP leaders acquitted

PPP leaders acquitted

Three PPP leaders acquitted by the special Judge Anti Corruption, Multan, Kazim Ali Malik because the prosecution witnesses withdrew their evidence and categorically stated that they were not aware of the incident.
Published 24 Oct, 2007 12:00am
Hearing in references against Benazir and Asif Zardari adjourned

Hearing in references against Benazir and Asif Zardari adjourned

The Accountability Courts have adjourned hearing in seven different references against Benazir Bhutto and Asif Zardari and former FIA Director General Rehman Malik to October 31 on receiving stay orders from Supreme Court on issuance of National Reconcili
Published 24 Oct, 2007 12:00am
'17th amendment has changed structure of 1973 constitution'

'17th amendment has changed structure of 1973 constitution'

The 17th amendment changed the structure of the 1973 constitution since it was an agreement to share power. This was observed by head of the 11-member Supreme Court bench Justice Javed Iqbal during hearing of the petitions against candidacy of General Mus
Published 24 Oct, 2007 12:00am
FPCCI shows concern over abrupt increase in cotton prices

FPCCI shows concern over abrupt increase in cotton prices

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has shown serious concern over the abrupt increase in cotton prices. The cottonseed prices have increased by Rs 100 per 40 kg in the country during the last four days.
Published 24 Oct, 2007 12:00am
No wheat flour shortage in Vehari

No wheat flour shortage in Vehari

There is no shortage of wheat flour anywhere in the district, said district food controller (DFC) Abdul Hafeez Khan on Tuesday. Talking to APP, he said that wheat was being supplied to flourmills in ample quantity and there was no scarcity of this staple
Published 24 Oct, 2007 12:00am
Maqbool to visit Vehari on October 31

Maqbool to visit Vehari on October 31

Governor Punjab, Lieutenant General Khalid Maqbool (Retd), will visit Vehari on October 31, officials of the district management said on Tuesday. The governor will inspect offices of the federal departments such as Wapda, PTCL, Sui gas, Post Office etc, w
Published 24 Oct, 2007 12:00am
Pakistan calls for end to trade discrimination

Pakistan calls for end to trade discrimination

Pakistan has called for eliminating discrimination in international trade and the removal of legal difficulties affecting developing countries. "The existing structural imbalances in the international trade regime also need to be addressed," Pakistani del
Published 24 Oct, 2007 12:00am
Punjab government utilising all resources to reduce pollution

Punjab government utilising all resources to reduce pollution

Punjab government was utilising all channels and resources for reducing industrial pollution aimed at ensuring pollution-free environment for the industrial workers, dwellers and to enable the business community to fulfil the international standards and r
Published 24 Oct, 2007 12:00am
NWFP governor for strategy to conserve wildlife

NWFP governor for strategy to conserve wildlife

A high-level meeting, chaired by NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) unanimously resolved to take concrete steps and integrate the efforts for wildlife conservation and development in Hazara division and decided to chalk out
Published 24 Oct, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (October 23, 2007) and the forecast for Wednesday (October 24, 2007).
Published 24 Oct, 2007 12:00am
Education projects to be executed through NLC

Education projects to be executed through NLC

Education projects will be executed only through National Logistic Cell (NLC), said DCO Muhammad Hameedullah Sheikh on Tuesday. He told officials of various departments that missing facilities in the schools would be provided by the executing agency (NLC)
Published 24 Oct, 2007 12:00am
New York cotton

New York cotton

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

Published 24 Oct, 2007 12:00am
Benazir advised to visit Punjab after polls schedule announcement

Benazir advised to visit Punjab after polls schedule announcement

The PPP leaders Makhdoom Shah Mehmood Qureshi, Jehangir Badar, Qasim Zia, Ghulam Abbas, Dr Farzana Raja, and others are reluctant to expose Benazir Bhutto to Punjab until the Chaudhry hand over the reigns of power to the caretakers, sources said here on T
Published 24 Oct, 2007 12:00am
New York cotton

New York cotton

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

Published 24 Oct, 2007 12:00am
PPP establishes special humanitarian fund

PPP establishes special humanitarian fund

The Pakistan People's Party (PPP) has established a special humanitarian fund to assist the victims of 18th October bomb blast on the PPP rally at Karachi. Spokesman of PPP chairperson Farhatullah Babar said here on Tuesday that former defence minister Af
Published 24 Oct, 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 24 Oct, 2007 12:00am
PPP condemns Shujaat's statement

PPP condemns Shujaat's statement

Pakistan Peoples Party has condemned the statement of PML-Q president, Chaudhry Shujaat Hussain saying that hundreds of PPP workers were killed in the Karachi blasts and to call it a conspiracy is 'shameful'. In a joint statement issued here on Tuesday.
Published 24 Oct, 2007 12:00am
Benazir mulls 'virtual' rallies

Benazir mulls 'virtual' rallies

Benazir Bhutto said on Tuesday she is considering "virtual" mass rallies and campaigning via phone to avoid mass violence after last week's deadly suicide attack on her convoy.
Published 24 Oct, 2007 12:00am
26,000 educators to be recruited in Punjab

26,000 educators to be recruited in Punjab

As many as 26,000 educators will be recruited in the province from next month under the Education Reforms Programme, and preference will be given to those with high merit and Masters degrees.
Published 24 Oct, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
Balochistan University team discusses collaboration with GCU

Balochistan University team discusses collaboration with GCU

A two-member delegation of the University of Balochistan headed by their Vice Chancellor Agha Ahmed Gul on Tuesday visited the GC University in Lahore and met its Vice Chancellor, Professor Dr Khalid Aftab, in the latter's committee room. The matters pert
Published 24 Oct, 2007 12:00am
Food and vegetable processing centre to be set up

Food and vegetable processing centre to be set up

President Sialkot Chamber of Commerce and Industry (SCCI) Sheikh Abdul Waheed Sandal has said that we are targeting manifold exports promotion with the functioning of Sialkot International Airport and in this direction the local business community was pla
Published 24 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
NAB seminar on October 25

NAB seminar on October 25

Sindh Governor Dr Ishratul Ibad Khan will be the chief guest at a seminar on "Measures for the prevention of corruption and corrupt practices" being organised by National Accountability Bureau (NAB) Sindh on October 25 at 1630 hours at Arts Council of Pak
Published 24 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
LPG producers making high profit

LPG producers making high profit

The most LPG producers are making profit up to Rs 35 on per kilogram of gas they produce. Chairman of LPG Distributors Association Pakistan, Irfan Khokhar while addressing the media said the cost of local production of LPG is Rs 5 per kilogram.
Published 24 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
National Assembly body wants PIDE to produce first class economists

National Assembly body wants PIDE to produce first class economists

National Assembly Standing Committee members on Planning wanted full autonomy for the famed think tank and research examination, Pakistan Institute for Development Economics (PIDE), to enable it to produce first class economists doing research that had re
Published 24 Oct, 2007 12:00am
'Sound, transparent statistics essential for effective policy-making'

'Sound, transparent statistics essential for effective policy-making'

Planning and Development Board Punjab Chairman Suleman Ghani has said that sound and transparent statistics are essential not only for effective policymaking but also institutionalising a result-oriented environment leading to focus on outcomes.
Published 24 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
Kharif crop: Rs 2.56 million loans disbursed

Kharif crop: Rs 2.56 million loans disbursed

Punjab Provincial Co-operative Bank has dispersed loans of Rs 2.56 million for Kharif crop in the Punjab. The bank will also give loans to small farmers for the Rabi crop. Co-operative Registrar Malik Hasssan Iqbal told Co-operatives Secretary Khalid Perv
Published 24 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
Welfare fund for PPP workers announced

Welfare fund for PPP workers announced

The Pakistan Peoples Party (PPP) overseas foundation has announced workers welfare fund for the workers of the Pakistan Peoples Party on the instructions of Benazir Bhutto who died on October 18th bombings on the welcome rally of Benazir Bhutto in Karachi
Published 24 Oct, 2007 12:00am
Asif Zardari's name removed from ECL

Asif Zardari's name removed from ECL

The name of Asif Zardari, husband of PPP Chairperson Benazir Bhutto, is removed from the Exit Control List (ECL), claimed a private TV channel. Quoting official sources, the TV channel said the name of Asif Zardari is removed from ECL following the so-cal
Published 24 Oct, 2007 12:00am
THE RUPEE: dollar and euro lower in open market

THE RUPEE: dollar and euro lower in open market

Bullish trend was seen in the open market on Tuesday as the rupee gained versus dollar and euro, dealers said. The rupee in relation to dollar picked up three paisa at Rs 60.62 for buying and it also rose by two paisa for selling at Rs 60.68, they said.
Published 24 Oct, 2007 12:00am
THE RUPEE: dollar and euro lower in open market

THE RUPEE: dollar and euro lower in open market

Bullish trend was seen in the open market on Tuesday as the rupee gained versus dollar and euro, dealers said. The rupee in relation to dollar picked up three paisa at Rs 60.62 for buying and it also rose by two paisa for selling at Rs 60.68, they said.
Published 24 Oct, 2007 12:00am
PML and allies start election campaign

PML and allies start election campaign

Minister for Information and Broadcasting Muhammad Ali Durrani on Tuesday said the Pakistan Muslim League and its allied parties have launched their election campaign with two mammoth public meetings held in Shoran and Kashmor.
Published 24 Oct, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
'Pakistan attractive place for Saudi investors'

'Pakistan attractive place for Saudi investors'

Pakistan has become a business hub as the country pursues a policy of 'trade diplomacy' to provide maximum possible opportunities to entrepreneurs for better market access, Pakistan's Ambassador to Saudi Arabia Shahid Karimullah said.
Published 24 Oct, 2007 12:00am
Benazir has no role in future politics, says Rasheed

Benazir has no role in future politics, says Rasheed

Federal Minister for Railways Sheikh Rasheed Ahmed has said that Pakistan Peoples Party Chairperson Benazir Bhutto now has no role in future politics of the country. Speaking to a press conference on Tuesday, he said support to the imperialism in the coun
Published 24 Oct, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Oct, 2007 12:00am
Party to decide constituency: Shaukat

Party to decide constituency: Shaukat

Prime Minister Shaukat Aziz Tuesday said that his decision to contest election from any particular constituency would be made by the Pakistan Muslim League (PML-Q).
Published 24 Oct, 2007 12:00am
Board meetings in progress

Board meetings in progress

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

Published 24 Oct, 2007 12:00am
Synthetic fibre's import falls by 22 percent

Synthetic fibre's import falls by 22 percent

The import of synthetic fibre has lessened by 22 percent during the first two months (July-August) of the current fiscal year as compared to the corresponding period of 2006, according to official statistics.
Published 24 Oct, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Oct, 2007 12:00am
Frequent power failures damaging small businesses

Frequent power failures damaging small businesses

Owners of small industries and businesses have suffered production and financial losses due to frequent power failure in the city on Tuesday. A number of small industries like plastic moulding, lathe machine, photo state shops and others remained stationa
Published 24 Oct, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 24 Oct, 2007 12:00am
Businessmen role in promoting soft image of Pakistan lauded

Businessmen role in promoting soft image of Pakistan lauded

Business community has a great role in promoting Pakistan's soft image internationally and improving the global market share pertaining to export of goods and services, said Tasneem Aslam, Pakistani ambassador designate to Italy here on Tuesday.
Published 24 Oct, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (October 10, 2007).

Published 24 Oct, 2007 12:00am
Askari MasterCard joins hands with HBFC

Askari MasterCard joins hands with HBFC

Askari MasterCard joined hands with HBFC for a strategic alliance. The signing ceremony was held in Karachi on Tuesday. Agha Ali Imam, SEVP-Group Head CBSG, Askari Bank Ltd, Zaigham Mahmood Rizvi, Chairman and Chief Executive, HBFC, signed an agreement.
Published 24 Oct, 2007 12:00am
Kapco profit increases to Rs 88.048 million

Kapco profit increases to Rs 88.048 million

The profit after tax of Kot Addu Power Company Limited (Kapco) has increased to Rs 88.048 million in the quarter ended on September 30 as compared to Rs 1,118.992 million earned in the corresponding period last year. The company's earning per share surged
Published 24 Oct, 2007 12:00am
Kapco profit increases to Rs 88.048 million

Kapco profit increases to Rs 88.048 million

The profit after tax of Kot Addu Power Company Limited (Kapco) has increased to Rs 88.048 million in the quarter ended on September 30 as compared to Rs 1,118.992 million earned in the corresponding period last year. The company's earning per share surged
Published 24 Oct, 2007 12:00am
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