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Print - 2007-11-16
Dealers commission: PPDA demands withdrawal of additional cut

Dealers commission: PPDA demands withdrawal of additional cut

Pakistan Petroleum Dealers Association (PPDA) has demanded withdrawal of additional cut in petroleum dealers' commission , saying it is hindering the future investment in the oil and gas sector. This was said by PPDA Chairman Abdul Sami Khan in a press co
Published 16 Nov, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Nov, 2007 12:00am
Iran's Consul General press conference today

Iran's Consul General press conference today

The Consul General of the Islamic Republic of Iran, H.E. Masoud Mohammad Zamani on Friday will address a press conference on the subject of latest development related to Iran's nuclear activities. The invitation has been issued by the press section inchar
Published 16 Nov, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Nov, 2007 12:00am
Dutch Prime Minister concerned over Pakistan unrest

Dutch Prime Minister concerned over Pakistan unrest

Dutch Prime Minister Jan Peter Balkenende on Thursday expressed concerned over the violent unrest in Pakistan and called on Islamabad to return to democratic norms. "We need a development in Pakistan that can lead to a normal democratic development. The f
Published 16 Nov, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (November 15, 2007).

Published 16 Nov, 2007 12:00am
Tehran wants to improve trade ties with Islamabad

Tehran wants to improve trade ties with Islamabad

Leader of 24-member trade delegation from Kermanshah Province of Iran and Deputy Director of Commerce Organisation of Kermanshah city, Daaryash Panahi has said that Iran wants to improve its trade and economic relations with Muslim world in general and wi
Published 16 Nov, 2007 12:00am
83 big firms file income tax returns to LTU

83 big firms file income tax returns to LTU

A Total of 83 top corporate entities of Large Taxpayer Unit (LTU), Karachi, had filed their income tax returns so far, depicting encouraging response for the e-filing feature by the large business units of the country.
Published 16 Nov, 2007 12:00am
Gordon Brown becomes honorary Hindu

Gordon Brown becomes honorary Hindu

Britain's Prime Minister Gordon Brown has become an honorary Hindu, taking the name Govardhan Brown, during a ceremony to mark the Diwali festival, an umbrella organisation for British Hindus said Thursday.
Published 16 Nov, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Nov, 2007 12:00am
Gordon Brown becomes honorary Hindu

Gordon Brown becomes honorary Hindu

Britain's Prime Minister Gordon Brown has become an honorary Hindu, taking the name Govardhan Brown, during a ceremony to mark the Diwali festival, an umbrella organisation for British Hindus said Thursday.
Published 16 Nov, 2007 12:00am
Aaj, BBC, CNN and Dawn News return to screens

Aaj, BBC, CNN and Dawn News return to screens

Two national channels Aaj and Dawn News and international news channels BBC and CNN returned to Pakistani screens on Thursday after authorities relaxed a ban imposed under a state of emergency.
Published 16 Nov, 2007 12:00am
Aaj, BBC, CNN and Dawn News return to screens

Aaj, BBC, CNN and Dawn News return to screens

Two national channels Aaj and Dawn News and international news channels BBC and CNN returned to Pakistani screens on Thursday after authorities relaxed a ban imposed under a state of emergency.
Published 16 Nov, 2007 12:00am
Furnace oil price hit Rs 37,759 per tonne

Furnace oil price hit Rs 37,759 per tonne

The prices of furnace oil, a basic raw material of power generation and industries, has reached all time high level of Rs 37,759 per tonne, following skyrocketing prices in the international market, dealers here said.
Published 16 Nov, 2007 12:00am
Furnace oil price hit Rs 37,759 per tonne

Furnace oil price hit Rs 37,759 per tonne

The prices of furnace oil, a basic raw material of power generation and industries, has reached all time high level of Rs 37,759 per tonne, following skyrocketing prices in the international market, dealers here said.
Published 16 Nov, 2007 12:00am
Furnace oil price hit Rs 37,759 per tonne

Furnace oil price hit Rs 37,759 per tonne

The prices of furnace oil, a basic raw material of power generation and industries, has reached all time high level of Rs 37,759 per tonne, following skyrocketing prices in the international market, dealers here said.
Published 16 Nov, 2007 12:00am
Banks'' NPLs surges to Rs 163 billion

Banks'' NPLs surges to Rs 163 billion

The gross non-performing loans (NPLs) of the banking system have surged by rupees seven billion during the last three months to reach Rs 163 billion on September 30 as compared to Rs 154 billion recorded on June 30 this year.
Published 16 Nov, 2007 12:00am
Banks' NPLs surges to Rs 163 billion

Banks' NPLs surges to Rs 163 billion

The gross non-performing loans (NPLs) of the banking system have surged by rupees seven billion during the last three months to reach Rs 163 billion on September 30 as compared to Rs 154 billion recorded on June 30 this year.
Published 16 Nov, 2007 12:00am
Banks' NPLs surges to Rs 163 billion

Banks' NPLs surges to Rs 163 billion

The gross non-performing loans (NPLs) of the banking system have surged by rupees seven billion during the last three months to reach Rs 163 billion on September 30 as compared to Rs 154 billion recorded on June 30 this year.
Published 16 Nov, 2007 12:00am
Amnesty petitions Pakistan over human rights

Amnesty petitions Pakistan over human rights

Amnesty International on Thursday handed in a petition to the Pakistani embassy in London demanding an end to the country's "assault on human rights and justice", during a day of international action.
Published 16 Nov, 2007 12:00am
Amnesty petitions Pakistan over human rights

Amnesty petitions Pakistan over human rights

Amnesty International on Thursday handed in a petition to the Pakistani embassy in London demanding an end to the country's "assault on human rights and justice", during a day of international action.
Published 16 Nov, 2007 12:00am
SCRAs balances fall to $107.924 million

SCRAs balances fall to $107.924 million

The outflow of portfolio investment continued as the foreign investors withdrew over 27.632 million dollars from the country''s equity market on Wednesday. The special convertible rupee accounts (SCRAs) balances declined to 107.924 million dollars on Nove
Published 16 Nov, 2007 12:00am
SCRAs balances fall to $107.924 million

SCRAs balances fall to $107.924 million

The outflow of portfolio investment continued as the foreign investors withdrew over 27.632 million dollars from the country's equity market on Wednesday. The special convertible rupee accounts (SCRAs) balances declined to 107.924 million dollars on Novem
Published 16 Nov, 2007 12:00am
SCRAs balances fall to $107.924 million

SCRAs balances fall to $107.924 million

The outflow of portfolio investment continued as the foreign investors withdrew over 27.632 million dollars from the country's equity market on Wednesday. The special convertible rupee accounts (SCRAs) balances declined to 107.924 million dollars on Novem
Published 16 Nov, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 15, 2007).

Published 16 Nov, 2007 12:00am
Three shot dead during protests

Three shot dead during protests

Two boys and a protester were killed on Thursday when gunfire erupted in Karachi during rallies by supporters of Benazir Bhutto, police and party officials said. The protest deaths in Lyari were the first since President Pervez Musharraf imposed a state o
Published 16 Nov, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 15, 2007).

Published 16 Nov, 2007 12:00am
Three shot dead during protests

Three shot dead during protests

Two boys and a protester were killed on Thursday when gunfire erupted in Karachi during rallies by supporters of Benazir Bhutto, police and party officials said. The protest deaths in Lyari were the first since President Pervez Musharraf imposed a state o
Published 16 Nov, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 15, 2007).

Published 16 Nov, 2007 12:00am
Zaver Pearl Continental Gwadar completes one year

Zaver Pearl Continental Gwadar completes one year

It seems like only yesterday that the dream of a luxury hotel in the futuristic new port of Pakistan became a reality but Zaver Pearl Continental Hotel Gwadar is already a robust one year old today.
Published 16 Nov, 2007 12:00am
Shahid Lateef made Vice Chief of Air Staff

Shahid Lateef made Vice Chief of Air Staff

The Government of Pakistan has appointed Air Marshal Shahid Lateef as Vice Chief of the Air Staff. According to the DPR Air, Air Marshal Shahid Lateef was commissioned in General Duties (Pilot) Branch in 1974 and earned the coveted Sword of Honour on grad
Published 16 Nov, 2007 12:00am
Shahid Lateef made Vice Chief of Air Staff

Shahid Lateef made Vice Chief of Air Staff

The Government of Pakistan has appointed Air Marshal Shahid Lateef as Vice Chief of the Air Staff. According to the DPR Air, Air Marshal Shahid Lateef was commissioned in General Duties (Pilot) Branch in 1974 and earned the coveted Sword of Honour on grad
Published 16 Nov, 2007 12:00am
Bank Muscat eyes Saudi Pak Bank buyout by year-end

Bank Muscat eyes Saudi Pak Bank buyout by year-end

Bank Muscat said it expects to agree this year on taking over Saudi Pak Bank with partners including Nomura Holdings and is not put off by the country's political turmoil.
Published 16 Nov, 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 Thursday (November 15, 2007).

Published 16 Nov, 2007 12:00am
Retired judge likely to be caretaker Sindh chief minister

Retired judge likely to be caretaker Sindh chief minister

The political front in Sindh was all quiet on Thursday and members of the provincial cabinet, including Speaker of the Sindh Assembly, preferred to remain non-committal as regards changes which the interim set up is likely to bring.
Published 16 Nov, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (November 15, 2007).

Published 16 Nov, 2007 12:00am
Two soldiers killed in tribal area

Two soldiers killed in tribal area

Two soldiers were killed and four others injured in separate roadside bomb blasts Thursday in a restive tribal area bordering Afghanistan, officials said. The first crudely made bomb, near Saidgi village in the North Waziristan tribal, belt killed one tro
Published 16 Nov, 2007 12:00am
Oil output reaches 70,000 barrels per day

Oil output reaches 70,000 barrels per day

The daily production of oil has reached around 70,000 barrels and gas over 4 billion cubic feet in the country this year. The per day oil and gas production remained 696,000 barrels and 967 million cubic feet respectively during the last year.
Published 16 Nov, 2007 12:00am
Oil prices kept unchanged

Oil prices kept unchanged

The oil prices will remain unchanged for next fortnight commencing from November 16. Since November 15 was the last day of the elected government in office it was very difficult for it to revise oil prices upward for next fortnight.
Published 16 Nov, 2007 12:00am
Oil prices kept unchanged

Oil prices kept unchanged

The oil prices will remain unchanged for next fortnight commencing from November 16. Since November 15 was the last day of the elected government in office it was very difficult for it to revise oil prices upward for next fortnight.
Published 16 Nov, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (November 15, 2007).

Published 16 Nov, 2007 12:00am
Oil prices kept unchanged

Oil prices kept unchanged

The oil prices will remain unchanged for next fortnight commencing from November 16. Since November 15 was the last day of the elected government in office it was very difficult for it to revise oil prices upward for next fortnight.
Published 16 Nov, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (November 15, 2007).
Published 16 Nov, 2007 12:00am
Court orders issuance of warrants against CTTL directors

Court orders issuance of warrants against CTTL directors

A court has ordered the issuance of bailable warrants against the directors of Callmate Telips Telecom Limited (CTTL) for indulging in wash trades/circular trade and insider trading and other manipulative practices in CTTL shares.
Published 16 Nov, 2007 12:00am
Court orders issuance of warrants against CTTL directors

Court orders issuance of warrants against CTTL directors

A court has ordered the issuance of bailable warrants against the directors of Callmate Telips Telecom Limited (CTTL) for indulging in wash trades/circular trade and insider trading and other manipulative practices in CTTL shares.
Published 16 Nov, 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 Thursday (November 15, 2007).

Published 16 Nov, 2007 12:00am
Court orders issuance of warrants against CTTL directors

Court orders issuance of warrants against CTTL directors

A court has ordered the issuance of bailable warrants against the directors of Callmate Telips Telecom Limited (CTTL) for indulging in wash trades/circular trade and insider trading and other manipulative practices in CTTL shares.
Published 16 Nov, 2007 12:00am
20 more militants killed in clashes

20 more militants killed in clashes

Troops backed by helicopter gunships killed 20 militants on Thursday, the military said, as security forces stepped up efforts to drive Islamist rebels out of a north-western valley. Residents of the scenic Swat valley and a security official said more th
Published 16 Nov, 2007 12:00am
Croat voters offered greater or lesser state role

Croat voters offered greater or lesser state role

The two main parties in Croatia's November 25 general election share similar economic policy goals, but neither seems to offer a clear, detailed path to economic prosperity.
Published 16 Nov, 2007 12:00am
California budget woes growing amid slowdown

California budget woes growing amid slowdown

A slowing economy and lower property tax revenues are likely to lead to a $1.9 billion state deficit in California's current fiscal year and a shortfall of $8 billion next year, the state Legislative Analyst's Office said on Wednesday.
Published 16 Nov, 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 Thursday (November 15, 2007).

Published 16 Nov, 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 Thursday (November 15, 2007).

Published 16 Nov, 2007 12:00am
Canada's factory shipments slide

Canada's factory shipments slide

The rising Canadian dollar knocked down the value of Canadian manufacturing shipments by 0.9 percent in September to their lowest since October 2006, Statistics Canada said on Thursday.
Published 16 Nov, 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 Thursday (November 15, 2007).

Published 16 Nov, 2007 12:00am
Irish jobs growth slows in third quarter

Irish jobs growth slows in third quarter

Irish jobs growth dropped to a three-year low in the third quarter, hit by a sharp slowdown in the once booming construction industry but economists remained upbeat about the broader economy.
Published 16 Nov, 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 16 Nov, 2007 12:00am
ISE index down 30.35 points

ISE index down 30.35 points

Losers outclassed gainers at the Islamabad Stock Exchange (ISE) where bears strengthened their positions under the lead of hot favourite amid decrease in index. ISE-10 Index showed a decrease of 30.35 points as the ISE index moved from 2,839.73 to 2,809.3
Published 16 Nov, 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 16 Nov, 2007 12:00am
ISE index down 30.35 points

ISE index down 30.35 points

Losers outclassed gainers at the Islamabad Stock Exchange (ISE) where bears strengthened their positions under the lead of hot favourite amid decrease in index. ISE-10 Index showed a decrease of 30.35 points as the ISE index moved from 2,839.73 to 2,809.3
Published 16 Nov, 2007 12:00am
LSE index loses 48.78 points

LSE index loses 48.78 points

A bearish trend continued on the Lahore Stock Exchange (LSE) on Thursday, where equities received yet another 1.12 percent loss, amid political rumours and growing uncertainty among the market people. The LSE-25 index, with a net loss of 48.78 points, end
Published 16 Nov, 2007 12:00am
LSE index loses 48.78 points

LSE index loses 48.78 points

A bearish trend continued on the Lahore Stock Exchange (LSE) on Thursday, where equities received yet another 1.12 percent loss, amid political rumours and growing uncertainty among the market people. The LSE-25 index, with a net loss of 48.78 points, end
Published 16 Nov, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 119,055 tonnes cargo including 77,900 tonnes import, 41,155 tonnes export cargo and 3,664 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday.
Published 16 Nov, 2007 12:00am
Controversial ruling on duty refund withdrawn

Controversial ruling on duty refund withdrawn

The Federal Board of Revenue (FBR) has withdrawn a controversial ruling which resulted in illegal payment of huge refund of excise duty to the payphone companies. Sources told Business Recorder on Thursday that the FBR clarification has been withdr
Published 16 Nov, 2007 12:00am
Corn futures rise on strong demand

Corn futures rise on strong demand

Corn futures on the Chicago Board of Trade rose more than 2 percent on Wednesday, tracking the rally in soyabeans amid strong demand for grains and soya, traders said. December corn settled 8-1/4 cents, or 2.2 percent, higher at $3.83 per bushel, surging
Published 16 Nov, 2007 12:00am
Controversial ruling on duty refund withdrawn

Controversial ruling on duty refund withdrawn

The Federal Board of Revenue (FBR) has withdrawn a controversial ruling which resulted in illegal payment of huge refund of excise duty to the payphone companies. Sources told Business Recorder on Thursday that the FBR clarification has been withdr
Published 16 Nov, 2007 12:00am
Controversial ruling on duty refund withdrawn

Controversial ruling on duty refund withdrawn

The Federal Board of Revenue (FBR) has withdrawn a controversial ruling which resulted in illegal payment of huge refund of excise duty to the payphone companies. Sources told Business Recorder on Thursday that the FBR clarification has been withdr
Published 16 Nov, 2007 12:00am