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Print - 2007-10-28
FBR officials flout rules for foreign training trips

FBR officials flout rules for foreign training trips

Tax officials of Federal Board of Revenue (FBR) have flouted rules for availing foreign training programs including scholarships/fellowships through direct nominations from various foreign missions.
Published 28 Oct, 2007 12:00am
FBR officials flout rules for foreign training trips

FBR officials flout rules for foreign training trips

Tax officials of Federal Board of Revenue (FBR) have flouted rules for availing foreign training programs including scholarships/fellowships through direct nominations from various foreign missions.
Published 28 Oct, 2007 12:00am
20.36 percent rise in first quarter agriculture loans disbursement

20.36 percent rise in first quarter agriculture loans disbursement

Agriculture-related loans disbursement by commercial and specialised banks surged to Rs 36.369 billion during July-September period of 2007-08 fiscal year against Rs 30.217 billion of FY2006-07, marking an increase of Rs 6.151 billion, or 20.36 percent, a
Published 28 Oct, 2007 12:00am
20.36 percent rise in first quarter agriculture loans disbursement

20.36 percent rise in first quarter agriculture loans disbursement

Agriculture-related loans disbursement by commercial and specialised banks surged to Rs 36.369 billion during July-September period of 2007-08 fiscal year against Rs 30.217 billion of FY2006-07, marking an increase of Rs 6.151 billion, or 20.36 percent, a
Published 28 Oct, 2007 12:00am
20.36 percent rise in first quarter agriculture loans disbursement

20.36 percent rise in first quarter agriculture loans disbursement

Agriculture-related loans disbursement by commercial and specialised banks surged to Rs 36.369 billion during July-September period of 2007-08 fiscal year against Rs 30.217 billion of FY2006-07, marking an increase of Rs 6.151 billion, or 20.36 percent, a
Published 28 Oct, 2007 12:00am
Prime Minister performs ground-breaking of IFFCO oil plant

Prime Minister performs ground-breaking of IFFCO oil plant

Prime Minister Shaukat Aziz said here on Saturday that Pakistan will turn into the manufacturing base of the region during the next 5-10 years. It will serve as manufacturing base for Africa, Central Asia and Middle East, he said.
Published 28 Oct, 2007 12:00am
Prime Minister performs ground-breaking of IFFCO oil plant

Prime Minister performs ground-breaking of IFFCO oil plant

Prime Minister Shaukat Aziz said here on Saturday that Pakistan will turn into the manufacturing base of the region during the next 5-10 years. It will serve as manufacturing base for Africa, Central Asia and Middle East, he said.
Published 28 Oct, 2007 12:00am
Prime Minister performs ground-breaking of IFFCO oil plant

Prime Minister performs ground-breaking of IFFCO oil plant

Prime Minister Shaukat Aziz said here on Saturday that Pakistan will turn into the manufacturing base of the region during the next 5-10 years. It will serve as manufacturing base for Africa, Central Asia and Middle East, he said.
Published 28 Oct, 2007 12:00am
Suicide attack kills five in Afghanistan

Suicide attack kills five in Afghanistan

A suicide bomber dressed in a military uniform blew himself up near a military base in eastern Afghanistan on Saturday killing four Afghan soldiers and a civilian, officials said. The attacker walked up to the main gate of the Bermel barracks in Paktika p
Published 28 Oct, 2007 12:00am
Suicide attack kills five in Afghanistan

Suicide attack kills five in Afghanistan

A suicide bomber dressed in a military uniform blew himself up near a military base in eastern Afghanistan on Saturday killing four Afghan soldiers and a civilian, officials said. The attacker walked up to the main gate of the Bermel barracks in Paktika p
Published 28 Oct, 2007 12:00am
Mittal, AES among 31 firms get coal mining rights in India

Mittal, AES among 31 firms get coal mining rights in India

Indian firms owned by steel tycoon Lakshmi Mittal and US-based AES Corp are among 31 private firms that have been allocated coal mining rights by the government, official document seen by Reuters showed on Friday.
Published 28 Oct, 2007 12:00am
Germany eyes public sector surplus this year

Germany eyes public sector surplus this year

Germany is set to post a small public-sector budget surplus this year, earlier than planned, a magazine reported on Saturday. Last month, Finance Minister Peer Steinbrueck predicted a surplus for next year but said Europe's biggest economy would have a pu
Published 28 Oct, 2007 12:00am
China names 'princeling' as Shanghai party boss

China names 'princeling' as Shanghai party boss

Yu Zhengsheng has been named Communist Party secretary of Shanghai, the top official in China's financial centre, the official Xinhua news agency said on Saturday, confirming an October 10 Reuters exclusive. The post is important because Shanghai boasts o
Published 28 Oct, 2007 12:00am
Singapore plans rules to detect money laundering

Singapore plans rules to detect money laundering

Singapore will introduce new measures in November to try to detect money laundering and terrorism financing, the city-state's police said. From November 1, anyone carrying or posting cash or negotiable instruments of more than S$30,000 (US $20,650) or the
Published 28 Oct, 2007 12:00am
China textile exports, profits rising sharply

China textile exports, profits rising sharply

China's textile exports are likely to jump 19 percent on year to $175.5 billion this year, while the industry's overall profits would rise 30 percent to 113.5 billion yuan ($15.16 billion), the Shanghai Securities News reported on Saturday.
Published 28 Oct, 2007 12:00am
Court frees US teen jailed 10 years for oral sex

Court frees US teen jailed 10 years for oral sex

A Georgia man sentenced to 10 years in jail without parole for having consensual oral sex with a 15-year-old girl when he was 17 walked free on Friday after the state's top court ordered his early release.
Published 28 Oct, 2007 12:00am
Germany's SPD deals setback to party leader

Germany's SPD deals setback to party leader

The newly re-elected chairman of Germany's Social Democrats suffered an embarrassing defeat on Saturday when the party's left wing moved to stymie plans to privatise German railways.
Published 28 Oct, 2007 12:00am
Bankrupt toy train maker Lionel settles MTH suit

Bankrupt toy train maker Lionel settles MTH suit

Bankrupt model train maker Lionel LLC has reached an agreement to settle a long-time legal battle with rival Mike's Train House Inc (MTH), according to court documents filed this week. The settlement is contingent upon Lionel's bankruptcy plan, but would
Published 28 Oct, 2007 12:00am
Omanis vote for advisory body

Omanis vote for advisory body

Omanis voted on Saturday for the 84 members of a consultative council amid some calls in the pro-Western Gulf monarchy for the advisory body to be given more power. A total of 388,683 citizens had registered to vote in Oman's 61 provinces, in 102 polling
Published 28 Oct, 2007 12:00am
New sales tax return form creating problems

New sales tax return form creating problems

Taxpayers and taxmen are facing problems in sales tax returns process due to the introduction of special excise duty (SED) column in the sales tax return form. Sources in the federal excise department told Business Recorder here on Saturday the CBR
Published 28 Oct, 2007 12:00am
The Weather

The Weather

The weather report on Saturday (October 27, 2007) and the forecast for Sunday (October 28, 2007).
Published 28 Oct, 2007 12:00am
New sales tax return form creating problems

New sales tax return form creating problems

Taxpayers and taxmen are facing problems in sales tax returns process due to the introduction of special excise duty (SED) column in the sales tax return form. Sources in the federal excise department told Business Recorder here on Saturday the CBR
Published 28 Oct, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
New sales tax return form creating problems

New sales tax return form creating problems

Taxpayers and taxmen are facing problems in sales tax returns process due to the introduction of special excise duty (SED) column in the sales tax return form. Sources in the federal excise department told Business Recorder here on Saturday the CBR
Published 28 Oct, 2007 12:00am
Revenue target challenging but achievable: FBR chief

Revenue target challenging but achievable: FBR chief

Federal Board of Revenue (FBR) Chairman Abdullah Yusuf has said that the 2007-08 revenue collection target of Rs 1.025 trillion is ambitious and challenging but is achievable.He was giving concluding remarks at the 15th National Tax Conference here on Fri
Published 28 Oct, 2007 12:00am
Revenue target challenging but achievable: FBR chief

Revenue target challenging but achievable: FBR chief

Federal Board of Revenue (FBR) Chairman Abdullah Yusuf has said that the 2007-08 revenue collection target of Rs 1.025 trillion is ambitious and challenging but is achievable.He was giving concluding remarks at the 15th National Tax Conference here on Fri
Published 28 Oct, 2007 12:00am
Revenue target challenging but achievable: FBR chief

Revenue target challenging but achievable: FBR chief

Federal Board of Revenue (FBR) Chairman Abdullah Yusuf has said that the 2007-08 revenue collection target of Rs 1.025 trillion is ambitious and challenging but is achievable.He was giving concluding remarks at the 15th National Tax Conference here on Fri
Published 28 Oct, 2007 12:00am
Gulf Arab oil rate policy must match dollar pegs: Rato

Gulf Arab oil rate policy must match dollar pegs: Rato

Gulf Arab oil producers must follow a monetary policy that is consistent with their currency pegs to the US dollar, International Monetary Fund Managing Director Rodrigo Rato said on Saturday.
Published 28 Oct, 2007 12:00am
Gulf Arab oil rate policy must match dollar pegs: Rato

Gulf Arab oil rate policy must match dollar pegs: Rato

Gulf Arab oil producers must follow a monetary policy that is consistent with their currency pegs to the US dollar, International Monetary Fund Managing Director Rodrigo Rato said on Saturday.
Published 28 Oct, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Gulf Arab oil rate policy must match dollar pegs: Rato

Gulf Arab oil rate policy must match dollar pegs: Rato

Gulf Arab oil producers must follow a monetary policy that is consistent with their currency pegs to the US dollar, International Monetary Fund Managing Director Rodrigo Rato said on Saturday.
Published 28 Oct, 2007 12:00am
Foreign exchange markets tracking fundamentals: IMF

Foreign exchange markets tracking fundamentals: IMF

The International Monetary Fund shrugged off the dollar''s tumble to record lows against other currencies on Saturday, saying global foreign exchange markets were tracking economic fundamentals.
Published 28 Oct, 2007 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Foreign exchange markets tracking fundamentals: IMF

Foreign exchange markets tracking fundamentals: IMF

The International Monetary Fund shrugged off the dollar's tumble to record lows against other currencies on Saturday, saying global foreign exchange markets were tracking economic fundamentals.
Published 28 Oct, 2007 12:00am
Foreign exchange markets tracking fundamentals: IMF

Foreign exchange markets tracking fundamentals: IMF

The International Monetary Fund shrugged off the dollar's tumble to record lows against other currencies on Saturday, saying global foreign exchange markets were tracking economic fundamentals.
Published 28 Oct, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
FBR transfers and postings

FBR transfers and postings

The government has transferred and posted four senior Commissioners of Income Tax (Grade 20) as Members, Income Tax Appellate Tribunals (ITATs) at Karachi and Lahore. Sources told Business Recorder on Saturday that Anis-ul-Hasan Musvi; Ashraf ud-di
Published 28 Oct, 2007 12:00am
ISE AGM elects five new directors

ISE AGM elects five new directors

The 18th Annual General Meeting (AGM) of Islamabad Stock Exchange (ISE) was held here on Saturday for approval of annual accounts of the exchange. The meeting was chaired by Muhammad Sharif, Director, ISE, who also presented a brief review over the perfor
Published 28 Oct, 2007 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
ISE AGM elects five new directors

ISE AGM elects five new directors

The 18th Annual General Meeting (AGM) of Islamabad Stock Exchange (ISE) was held here on Saturday for approval of annual accounts of the exchange. The meeting was chaired by Muhammad Sharif, Director, ISE, who also presented a brief review over the perfor
Published 28 Oct, 2007 12:00am
ISE AGM elects five new directors

ISE AGM elects five new directors

The 18th Annual General Meeting (AGM) of Islamabad Stock Exchange (ISE) was held here on Saturday for approval of annual accounts of the exchange. The meeting was chaired by Muhammad Sharif, Director, ISE, who also presented a brief review over the perfor
Published 28 Oct, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Gold touches new peak at Rs 15,300

Gold touches new peak at Rs 15,300

Huge gold buying on Saturday further pushed gold prices up to a new peak at 785 dollars per ounce. As a result, its price in local markets also broke all previous records touching Rs 15,300 per 10 grams.
Published 28 Oct, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Gold touches new peak at Rs 15,300

Gold touches new peak at Rs 15,300

Huge gold buying on Saturday further pushed gold prices up to a new peak at 785 dollars per ounce. As a result, its price in local markets also broke all previous records touching Rs 15,300 per 10 grams.
Published 28 Oct, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Gold touches new peak at Rs 15,300

Gold touches new peak at Rs 15,300

Huge gold buying on Saturday further pushed gold prices up to a new peak at 785 dollars per ounce. As a result, its price in local markets also broke all previous records touching Rs 15,300 per 10 grams.
Published 28 Oct, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Turkish Prime Minister slams Europe over Kurdish militants

Turkish Prime Minister slams Europe over Kurdish militants

Prime Minister Recep Tayyip Erdogan slammed European countries Saturday for failing to arrest and extradite wanted Kurdish militants to Turkey. The criticism came as Turkey threatens military action against Kurdish rebel bases in northern Iraq.
Published 28 Oct, 2007 12:00am
Turkish Prime Minister slams Europe over Kurdish militants

Turkish Prime Minister slams Europe over Kurdish militants

Prime Minister Recep Tayyip Erdogan slammed European countries Saturday for failing to arrest and extradite wanted Kurdish militants to Turkey. The criticism came as Turkey threatens military action against Kurdish rebel bases in northern Iraq.
Published 28 Oct, 2007 12:00am
Opec to study currency basket for oil pricing

Opec to study currency basket for oil pricing

Opec is likely to discuss creating a basket of currencies for oil pricing at its next summit due to the steady decline in the dollar, Venezuela's Energy Minister Rafael Ramirez said on Friday. "The need to establish a basket of currencies ... will probabl
Published 28 Oct, 2007 12:00am
THE RUPEE: euro at Rs 87 in open market

THE RUPEE: euro at Rs 87 in open market

The euro after touching the new high on the globe versus dollar crossed the mark of Rs 87 in the open market on Saturday, dealers said. The rupee lost 38 paisa against euro at Rs 86.97 and Rs 87.08 in process of trading, they said.
Published 28 Oct, 2007 12:00am
Ministry keen to pass on oil price hike benefits to E&P companies

Ministry keen to pass on oil price hike benefits to E&P companies

The Petroleum Ministry is said to be using all its energy to pass on the benefits of increase in international oil prices to the oil exploration and production (E&P) companies, in the name of settlement of discount rate on crude oil and condensate prices,
Published 28 Oct, 2007 12:00am
THE RUPEE: euro at Rs 87 in open market

THE RUPEE: euro at Rs 87 in open market

The euro after touching the new high on the globe versus dollar crossed the mark of Rs 87 in the open market on Saturday, dealers said. The rupee lost 38 paisa against euro at Rs 86.97 and Rs 87.08 in process of trading, they said.
Published 28 Oct, 2007 12:00am
Ministry keen to pass on oil price hike benefits to E&P companies

Ministry keen to pass on oil price hike benefits to E&P companies

The Petroleum Ministry is said to be using all its energy to pass on the benefits of increase in international oil prices to the oil exploration and production (E&P) companies, in the name of settlement of discount rate on crude oil and condensate prices,
Published 28 Oct, 2007 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Ministry keen to pass on oil price hike benefits to E&P companies

Ministry keen to pass on oil price hike benefits to E&P companies

The Petroleum Ministry is said to be using all its energy to pass on the benefits of increase in international oil prices to the oil exploration and production (E&P) companies, in the name of settlement of discount rate on crude oil and condensate prices,
Published 28 Oct, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Aitzaz elected as SCBA president

Aitzaz elected as SCBA president

Aitzaz Ahsan backed by professional group has been elected as president Supreme Court Bar Association(SCBA) for the year 2007-08 by defeating his sole contestant Barrister Zafarrullah by 864 votes. The professional group led by prominent lawyer Hamid Khan
Published 28 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Aitzaz elected as SCBA president

Aitzaz elected as SCBA president

Aitzaz Ahsan backed by professional group has been elected as president Supreme Court Bar Association(SCBA) for the year 2007-08 by defeating his sole contestant Barrister Zafarrullah by 864 votes. The professional group led by prominent lawyer Hamid Khan
Published 28 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (October 27, 2007).

Published 28 Oct, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (October 27, 2007).
Published 28 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 Saturday (October 27, 2007).

Published 28 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 Saturday (October 27, 2007).

Published 28 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 Saturday (October 27, 2007).

Published 28 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 Saturday (October 27, 2007).

Published 28 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 28 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 28 Oct, 2007 12:00am
South Africa sugar industry pushes for biofuels policy

South Africa sugar industry pushes for biofuels policy

South African sugar producers will be loathe to invest in biofuels until the government finalises a long-delayed biofuel policy, the chairman of an industry body said on Monday. Rodger Stewart, chairman of the South African Sugar Association (SASA), said
Published 28 Oct, 2007 12:00am
China central banker to head Development Bank

China central banker to head Development Bank

The vice governor of China's central bank has been named head of China Development Bank (CDB) , which became a major shareholder in Barclays Bank in July, a Chinese paper reported, citing unidentified sources.
Published 28 Oct, 2007 12:00am
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