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Print - 2008-02-12
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
PCRA offers nine-point reconciliation formula

PCRA offers nine-point reconciliation formula

Pakistan Chemists and Retailers Association (PCRA) has presented a nine-point reconciliation formula to the Health Department, Punjab, for resolving the controversy over the disputed Punjab Drugs Rules 2007. First, the unconstitutional clause, discriminat
Published 12 Feb, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
Petition filed in Supreme Court

Petition filed in Supreme Court

A Lahore High Court Bar Association Barrister Zafar Ullah Khan has filed a petition in the Supreme Court against bar members' detention. He has told the court to issue an order forthwith to the government to appoint a review board to release the bar membe
Published 12 Feb, 2008 12:00am
Need for creating traffic rules awareness stressed

Need for creating traffic rules awareness stressed

The Deputy Inspector General of Punjab Highway Patrolling Police, Mian Muhammad Asif has said that adequate efforts are being made to streamline the traffic system for minimising the ratio of accidents on highways in the province.
Published 12 Feb, 2008 12:00am
Railways imports 300 coaches worth $25 million

Railways imports 300 coaches worth $25 million

Pakistan Railways (PR) will purchase 300 new freight coaches at a cost of $25 million to improve its service, an official at the Ministry of Railways said Monday. The ministry has approved the PC-1 of the project that would be executed shortly.
Published 12 Feb, 2008 12:00am
THE RUPEE: dollar scores all round gains

THE RUPEE: dollar scores all round gains

All round decline was seen in the currency market at the week-opening session as dollar was in demand by the importers to meet the payment requirement, dealers said. In the interbank market, the rupee lost nine paisa against dollar at 62.92 and 62.94 for
Published 12 Feb, 2008 12:00am
Erra's Rural Housing Programme near completion

Erra's Rural Housing Programme near completion

The partnership of Earthquake Reconstruction and Rehabilitation Authority (ERRA) with Pakistan Poverty Alleviation Fund (PPAF) vouches for the fact that we all stand united against the challenges posed by the aftermath of earthquake shook on October 8, 20
Published 12 Feb, 2008 12:00am
THE RUPEE: dollar scores all round gains

THE RUPEE: dollar scores all round gains

All round decline was seen in the currency market at the week-opening session as dollar was in demand by the importers to meet the payment requirement, dealers said. In the interbank market, the rupee lost nine paisa against dollar at 62.92 and 62.94 for
Published 12 Feb, 2008 12:00am
Air Chief calls on Soomro

Air Chief calls on Soomro

Caretaker Prime Minister Mohammedmian Soomro on Monday said the government would continue extending necessary support and resources to upgrade Pakistan Air Force to meet the country's future defence needs. The Prime Minister was talking to Chief of the Ai
Published 12 Feb, 2008 12:00am
PPP sends another veiled threat to Musharraf

PPP sends another veiled threat to Musharraf

Pakistan People's Party (PPP) has sent another veiled threat to struggling President Pervez Musharraf, who it blames was now manoeuvring through terror to either postpone again or manipulate parliamentary polls due next week. But the party, a top leader t
Published 12 Feb, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
Admission fees date extended

Admission fees date extended

The University of Sindh (SU) has extended last date up to February 23 for payment of admissions fees to higher classes by on rolls students for the session of 2008 here on Monday.
Published 12 Feb, 2008 12:00am
Finance Ministry criticised for delaying release of funds

Finance Ministry criticised for delaying release of funds

The Senate Standing Committee on women's development came hard on the Finance Ministry for delaying release of the development funds. Speaking at the Committee meeting held on Monday, Tahira Latif, the Chair, blamed lengthy bureaucratic hurdles in release
Published 12 Feb, 2008 12:00am
ECO urged to work for technology driven growth

ECO urged to work for technology driven growth

Economic Co-operation Organisation (ECO) must work for technology driven growth encompassing all segments of the society to face the challenges of globalisation with greater knowledge, innovation and an enabling environment to achieve sustainable developm
Published 12 Feb, 2008 12:00am
District nazims covertly active in campaign: CGEP report

District nazims covertly active in campaign: CGEP report

There is a widespread sense of insecurity among voters of Gujrat and district nazims of Sialkot and Gujrat belonging to Pakistan Muslim League Q are active in election campaign. . This has been stated in a report of the Fact Finding Mission of the Citizen
Published 12 Feb, 2008 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).
Published 12 Feb, 2008 12:00am
Guidelines released for IEOs, IMPs

Guidelines released for IEOs, IMPs

The government has undertaken extensive measures to facilitate International Election Observers (IEOs) and International Media Personnel (IMPs), expected to be in Pakistan to observe the general election scheduled on 18 February (Monday), it was said in a
Published 12 Feb, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 12 Feb, 2008 12:00am
Elections 2008: 500 applications from IEOs processed

Elections 2008: 500 applications from IEOs processed

As many as 500 applications received from International Election Observers (IEOs) have been processed so far, Foreign Ministry spokesperson Muhammad Sadiq, told Business Recorder here on Monday.
Published 12 Feb, 2008 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.
Published 12 Feb, 2008 12:00am
Credit Suisse appoints Asia head of global securities

Credit Suisse appoints Asia head of global securities

Credit Suisse has appointed Osama Abbasi as head of global securities for Asia excluding Japan, according to an internal memo obtained by Reuters, part of a push by the Swiss bank to unify fixed income and equities in a single department.
Published 12 Feb, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 12 Feb, 2008 12:00am
Credit Suisse appoints Asia head of global securities

Credit Suisse appoints Asia head of global securities

Credit Suisse has appointed Osama Abbasi as head of global securities for Asia excluding Japan, according to an internal memo obtained by Reuters, part of a push by the Swiss bank to unify fixed income and equities in a single department.
Published 12 Feb, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.
Published 12 Feb, 2008 12:00am
Credit Suisse appoints Asia head of global securities

Credit Suisse appoints Asia head of global securities

Credit Suisse has appointed Osama Abbasi as head of global securities for Asia excluding Japan, according to an internal memo obtained by Reuters, part of a push by the Swiss bank to unify fixed income and equities in a single department.
Published 12 Feb, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
Credit Suisse appoints Asia head of global securities

Credit Suisse appoints Asia head of global securities

Credit Suisse has appointed Osama Abbasi as head of global securities for Asia excluding Japan, according to an internal memo obtained by Reuters, part of a push by the Swiss bank to unify fixed income and equities in a single department.
Published 12 Feb, 2008 12:00am
Clinton shuffles team

Clinton shuffles team

As she struggles to blunt Barack Obama's growing momentum, Democrat Hillary Clinton shuffled her campaign staff's leadership on Sunday ahead of this week's US presidential nominating contests, while her rival celebrated a victory in the Maine caucuses.
Published 12 Feb, 2008 12:00am
Clinton shuffles team

Clinton shuffles team

As she struggles to blunt Barack Obama's growing momentum, Democrat Hillary Clinton shuffled her campaign staff's leadership on Sunday ahead of this week's US presidential nominating contests, while her rival celebrated a victory in the Maine caucuses.
Published 12 Feb, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 12 Feb, 2008 12:00am
Importance of mother, childcare highlighted in a workshop

Importance of mother, childcare highlighted in a workshop

Medical experts at a workshop highlighted the importance of mother and child welfare and childcare besides promotion of better understanding of the responsibilities that accrue with motherhood. The three-day event was organised by Intermedia, which was at
Published 12 Feb, 2008 12:00am
Mehdi Securities declared LSE defaulter

Mehdi Securities declared LSE defaulter

The Board of Directors of the Lahore Stock Exchange (LSE) has officially declared the Mehdi Securities as defaulter and referred the matter to the Defaulters Committee of the Exchange to look into pros and cons, including verification of claims.
Published 12 Feb, 2008 12:00am
Shaukat Aziz left quietly amid the tumult

Shaukat Aziz left quietly amid the tumult

The following is the full text of former prime minister Shaukat Aziz's interview that he gave to FORBES ASIA. It was partly reproduced in yesterday's issue: Fresh from the trauma of opposition leader Benazir Bhutto's assassination, Pakistan is scheduled t
Published 12 Feb, 2008 12:00am
NIT registers 7.5 percent return

NIT registers 7.5 percent return

During the half-year ended on December 31, 2007, total return on NIT units stood at 7.5 percent where Net Assets Value of NIT unit increased from Rs 56.18 as on June 30, 2007 (Ex Dividend) to Rs 60.42 per unit as on December 31, 2007 as against KSE-100 in
Published 12 Feb, 2008 12:00am
NWFP plans reorganisation of tobacco cess collection

NWFP plans reorganisation of tobacco cess collection

The government of NWFP has planned reorganisation of the procedure of tobacco cess collection to facilitate tobacco industry and minimise their problems in this regard. Under the plan the cess would be levied on only one specific grade of tobacco to resol
Published 12 Feb, 2008 12:00am
October 18 incident: hearing of petition against state adjourned

October 18 incident: hearing of petition against state adjourned

A single bench of the Sindh High Court (SHC) on Monday adjourned the hearing of the petition filed by the state against the orders of the District and Sessions Judge (East), pertaining to lodging an FIR of the October 18, 2007, twin blasts case on behalf
Published 12 Feb, 2008 12:00am
Supreme Court disposes of 38 cases in a single day

Supreme Court disposes of 38 cases in a single day

Four benches of the apex Court Monday heard the cases fixed before the court at Islamabad and one bench heard the cases fixed before it at Lahore and disposed of 38 cases. An official of the Supreme Court told Business Recorder that despite boycott
Published 12 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
Musharraf for setting up more desalination, power units

Musharraf for setting up more desalination, power units

President Pervez Musharraf has asked the Karachi Port Trust, Port Qasim Authority, Pakistan Steel Mills, as well as the city and Sindh governments to install desalination and power generation plants all over the metropolis.
Published 12 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
Musharraf for setting up more desalination, power units

Musharraf for setting up more desalination, power units

President Pervez Musharraf has asked the Karachi Port Trust, Port Qasim Authority, Pakistan Steel Mills, as well as the city and Sindh governments to install desalination and power generation plants all over the metropolis.
Published 12 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
Musharraf for setting up more desalination, power units

Musharraf for setting up more desalination, power units

President Pervez Musharraf has asked the Karachi Port Trust, Port Qasim Authority, Pakistan Steel Mills, as well as the city and Sindh governments to install desalination and power generation plants all over the metropolis.
Published 12 Feb, 2008 12:00am
Foreign investors hold their nerve in Pakistan

Foreign investors hold their nerve in Pakistan

Foreign investors who have stuck with Pakistan are clearly made of stern stuff as it heads towards an election on February 18 that, while not a presidential poll, could put President Musharraf's future in doubt.
Published 12 Feb, 2008 12:00am
Top Taliban commander, four others nabbed

Top Taliban commander, four others nabbed

Security forces here captured and wounded a top Afghan Taliban commander early on Monday, police said. Mansoor Dadullah, brother of slain military commander in Afghanistan, Mulla Dadullah, and four others were seized in south-western Balochistan province,
Published 12 Feb, 2008 12:00am
Top Taliban commander, four others nabbed

Top Taliban commander, four others nabbed

Security forces here captured and wounded a top Afghan Taliban commander early on Monday, police said. Mansoor Dadullah, brother of slain military commander in Afghanistan, Mulla Dadullah, and four others were seized in south-western Balochistan province,
Published 12 Feb, 2008 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 Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
ISE index gains 5.00 points

ISE index gains 5.00 points

Equities showed healthy signs at Islamabad Stock Exchange (ISE) on Monday where fresh buying spree in hot favourite moved the entire ready board in upward direction amid increase in index. ISE-10 Index showed an improvement of 5.00 points from 2,896.62 to
Published 12 Feb, 2008 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
ISE index gains 5.00 points

ISE index gains 5.00 points

Equities showed healthy signs at Islamabad Stock Exchange (ISE) on Monday where fresh buying spree in hot favourite moved the entire ready board in upward direction amid increase in index. ISE-10 Index showed an improvement of 5.00 points from 2,896.62 to
Published 12 Feb, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
LSE equities drift lower

LSE equities drift lower

Share prices have drifted lower on the Lahore Stock Exchange following mounting worries by investors and amid fears by Opposition parties about the election credibility. The market on Monday remained mostly under pressure with no phenomenal movement in bl
Published 12 Feb, 2008 12:00am
LSE equities drift lower

LSE equities drift lower

Share prices have drifted lower on the Lahore Stock Exchange following mounting worries by investors and amid fears by Opposition parties about the election credibility. The market on Monday remained mostly under pressure with no phenomenal movement in bl
Published 12 Feb, 2008 12:00am
Aleem made PSO managing director

Aleem made PSO managing director

Aleem Khan has been appointed as Pakistan State Oil (PSO) Managing Director. A notification to this effect was issued here on February 11. The government has already reconstituted the boards of pblic sector companies including Parco, SSGC and PSO.
Published 12 Feb, 2008 12:00am
Aleem made PSO managing director

Aleem made PSO managing director

Aleem Khan has been appointed as Pakistan State Oil (PSO) Managing Director. A notification to this effect was issued here on February 11. The government has already reconstituted the boards of pblic sector companies including Parco, SSGC and PSO.
Published 12 Feb, 2008 12:00am
Aleem made PSO managing director

Aleem made PSO managing director

Aleem Khan has been appointed as Pakistan State Oil (PSO) Managing Director. A notification to this effect was issued here on February 11. The government has already reconstituted the boards of pblic sector companies including Parco, SSGC and PSO.
Published 12 Feb, 2008 12:00am
FBR holds up Rs 39.73 billion sales tax refund claims

FBR holds up Rs 39.73 billion sales tax refund claims

About 10,000 taxpaying units are suffering, as 39.73 billion rupees of their sales tax refund claims have not been disbursed by the Sales Tax Refund Collectorate (STRC), Karachi for years. The sales tax refund process is at a standstill, due to which a ra
Published 12 Feb, 2008 12:00am
FBR holds up Rs 39.73 billion sales tax refund claims

FBR holds up Rs 39.73 billion sales tax refund claims

About 10,000 taxpaying units are suffering, as 39.73 billion rupees of their sales tax refund claims have not been disbursed by the Sales Tax Refund Collectorate (STRC), Karachi for years. The sales tax refund process is at a standstill, due to which a ra
Published 12 Feb, 2008 12:00am
FBR holds up Rs 39.73 billion sales tax refund claims

FBR holds up Rs 39.73 billion sales tax refund claims

About 10,000 taxpaying units are suffering, as 39.73 billion rupees of their sales tax refund claims have not been disbursed by the Sales Tax Refund Collectorate (STRC), Karachi for years. The sales tax refund process is at a standstill, due to which a ra
Published 12 Feb, 2008 12:00am
Flour export system for Kabul to be re-invented

Flour export system for Kabul to be re-invented

Pakistan will re-invent the mechanism to facilitate flour export to Afghanistan for which a deal could be struck between the concerned organisations of the two countries; official sources told Business Recorder here on Monday.
Published 12 Feb, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
Flour export system for Kabul to be re-invented

Flour export system for Kabul to be re-invented

Pakistan will re-invent the mechanism to facilitate flour export to Afghanistan for which a deal could be struck between the concerned organisations of the two countries; official sources told Business Recorder here on Monday.
Published 12 Feb, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
Flour export system for Kabul to be re-invented

Flour export system for Kabul to be re-invented

Pakistan will re-invent the mechanism to facilitate flour export to Afghanistan for which a deal could be struck between the concerned organisations of the two countries; official sources told Business Recorder here on Monday.
Published 12 Feb, 2008 12:00am
BRIndex30 loses 47.61 points

BRIndex30 loses 47.61 points

On Monday, the BRIndex30 opened in the green zone, at 15,339.67, but soon went to the negative zone and remained in red for the rest of the trading time, closing at 15,270.94 with a negative change of -47.61 points and percentage change of -0.31.
Published 12 Feb, 2008 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 Monday (February 11, 2008).
Published 12 Feb, 2008 12:00am
BRIndex30 loses 47.61 points

BRIndex30 loses 47.61 points

On Monday, the BRIndex30 opened in the green zone, at 15,339.67, but soon went to the negative zone and remained in red for the rest of the trading time, closing at 15,270.94 with a negative change of -47.61 points and percentage change of -0.31.
Published 12 Feb, 2008 12:00am