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Print - 2008-02-15
'Sustainable educational uplift creates opportunities'

'Sustainable educational uplift creates opportunities'

A German scholar Dr Wolfgang Schluchter of Brandenburg Technical University, during a lecture given at the Islamic University on Thursday, questioned how, with economic growth, and rapidly increasing productivity in his country, social and educational bud
Published 15 Feb, 2008 12:00am
'Half of population still lives in highly poor condition'

'Half of population still lives in highly poor condition'

There is hardly any trickle down effect of the government claimed high economic growth has been observed as half of the population still lives in highly poor condition, meanwhile 18.49 percent is reported worse.
Published 15 Feb, 2008 12:00am
PWF protests against price hike

PWF protests against price hike

The Pakistan Workers' Federation on Thursday took out a procession of industrial workers in Gujranwala to protest against the rising prices of commodities and unemployment. A press release issued on Thursday said the procession started from Bakhtiar Labou
Published 15 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 14,2008).
Published 15 Feb, 2008 12:00am
Olympic delegation calls on Musharraf

Olympic delegation calls on Musharraf

A delegation of Beijing Olympics headed by Jiang Xiaoyu, Executive Deputy President (Vice Minister) called on President Pervez Musharraf here Thursday and discussed about the event of Olympic Torch Relay to be held in Islamabad on April 16.
Published 15 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 14,2008).
Published 15 Feb, 2008 12:00am
Air links: Pakistan and India begin fresh talks

Air links: Pakistan and India begin fresh talks

Pakistan and India on Thursday began fresh round of talks over the air links between the two countries. Senior officials from Defence Ministries and Civil Aviation from both countries are leading their delegations at the talks. A joint statement will be i
Published 15 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 14,2008).
Published 15 Feb, 2008 12:00am
Air links: Pakistan and India begin fresh talks

Air links: Pakistan and India begin fresh talks

Pakistan and India on Thursday began fresh round of talks over the air links between the two countries. Senior officials from Defence Ministries and Civil Aviation from both countries are leading their delegations at the talks. A joint statement will be i
Published 15 Feb, 2008 12:00am
Air links: Pakistan and India begin fresh talks

Air links: Pakistan and India begin fresh talks

Pakistan and India on Thursday began fresh round of talks over the air links between the two countries. Senior officials from Defence Ministries and Civil Aviation from both countries are leading their delegations at the talks. A joint statement will be i
Published 15 Feb, 2008 12:00am
Auditing experience: chartered accountants question SECP''s wisdom

Auditing experience: chartered accountants question SECP''s wisdom

Chartered accountants have questioned the wisdom of Securities and Exchange Commission of Pakistan (SECP) in assigning 80 percent weight to auditing experience of banking and non-banking institutions as compared to 20 percent weight assigned to auditing e
Published 15 Feb, 2008 12:00am
Auditing experience: chartered accountants question SECP's wisdom

Auditing experience: chartered accountants question SECP's wisdom

Chartered accountants have questioned the wisdom of Securities and Exchange Commission of Pakistan (SECP) in assigning 80 percent weight to auditing experience of banking and non-banking institutions as compared to 20 percent weight assigned to auditing e
Published 15 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 Thursday (February 14,2008).
Published 15 Feb, 2008 12:00am
Auditing experience: chartered accountants question SECP's wisdom

Auditing experience: chartered accountants question SECP's wisdom

Chartered accountants have questioned the wisdom of Securities and Exchange Commission of Pakistan (SECP) in assigning 80 percent weight to auditing experience of banking and non-banking institutions as compared to 20 percent weight assigned to auditing e
Published 15 Feb, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (February 14,2008).
Published 15 Feb, 2008 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the public debt offices, will remain closed on February 18, being public holiday as declared by the government on account of general elections, 2008.
Published 15 Feb, 2008 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the public debt offices, will remain closed on February 18, being public holiday as declared by the government on account of general elections, 2008.
Published 15 Feb, 2008 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the public debt offices, will remain closed on February 18, being public holiday as declared by the government on account of general elections, 2008.
Published 15 Feb, 2008 12:00am
Packages Limited current year 2007 profit down by Rs 1.77 billion

Packages Limited current year 2007 profit down by Rs 1.77 billion

The profit of Packages Limited has declined by Rs 1,774.832 million to Rs 4,325.948 million in the calendar year ended December 31, 2008 as compared to Rs 6,100.780 million a year back. The earnings per share of the company stood at Rs 58.96 in the period
Published 15 Feb, 2008 12:00am
Packages Limited current year 2007 profit down by Rs 1.77 billion

Packages Limited current year 2007 profit down by Rs 1.77 billion

The profit of Packages Limited has declined by Rs 1,774.832 million to Rs 4,325.948 million in the calendar year ended December 31, 2008 as compared to Rs 6,100.780 million a year back. The earnings per share of the company stood at Rs 58.96 in the period
Published 15 Feb, 2008 12:00am
Roadside bomb ambush kills three soldiers

Roadside bomb ambush kills three soldiers

A roadside bomb blast ripped through a paramilitary vehicle in a tribal region on Thursday, killing three soldiers and wounding one, the military said. The troops were returning in a convoy from a checkpost when the improvised device exploded near Khar, t
Published 15 Feb, 2008 12:00am
Roadside bomb ambush kills three soldiers

Roadside bomb ambush kills three soldiers

A roadside bomb blast ripped through a paramilitary vehicle in a tribal region on Thursday, killing three soldiers and wounding one, the military said. The troops were returning in a convoy from a checkpost when the improvised device exploded near Khar, t
Published 15 Feb, 2008 12:00am
Net loss of KESC rises to Rs 6.275 billion

Net loss of KESC rises to Rs 6.275 billion

The net loss of Karachi Electric Supply Company Limited (KESC) has increased to Rs 6.275 billion in six months period ended December 31, 2007 as compared to a net loss of Rs 5.547 billion in the corresponding period a year back.
Published 15 Feb, 2008 12:00am
Net loss of KESC rises to Rs 6.275 billion

Net loss of KESC rises to Rs 6.275 billion

The net loss of Karachi Electric Supply Company Limited (KESC) has increased to Rs 6.275 billion in six months period ended December 31, 2007 as compared to a net loss of Rs 5.547 billion in the corresponding period a year back.
Published 15 Feb, 2008 12:00am
Net loss of KESC rises to Rs 6.275 billion

Net loss of KESC rises to Rs 6.275 billion

The net loss of Karachi Electric Supply Company Limited (KESC) has increased to Rs 6.275 billion in six months period ended December 31, 2007 as compared to a net loss of Rs 5.547 billion in the corresponding period a year back.
Published 15 Feb, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 14,2008).
Published 15 Feb, 2008 12:00am
Net loss of KESC rises to Rs 6.275 billion

Net loss of KESC rises to Rs 6.275 billion

The net loss of Karachi Electric Supply Company Limited (KESC) has increased to Rs 6.275 billion in six months period ended December 31, 2007 as compared to a net loss of Rs 5.547 billion in the corresponding period a year back.
Published 15 Feb, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 14,2008).
Published 15 Feb, 2008 12:00am
Telecom sector: FBR to improve revenue collection

Telecom sector: FBR to improve revenue collection

The Federal Board of Revenue (FBR) will take measures to improve revenue collection from telecom sector, particularly mobile phone subscribers, bringing maximum telecom services into the tax net.
Published 15 Feb, 2008 12:00am
UBL approves Rs three per share cash dividend

UBL approves Rs three per share cash dividend

The Board of Directors of United Bank Limited (UBL) has approved a cash dividend of rupees three per share, ie 30 percent, and one bonus share for every four shares, ie 25 percent for the year ended on December 31, 2007, following a meeting held in Islama
Published 15 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 Thursday (February 14,2008).
Published 15 Feb, 2008 12:00am
UBL approves Rs three per share cash dividend

UBL approves Rs three per share cash dividend

The Board of Directors of United Bank Limited (UBL) has approved a cash dividend of rupees three per share, ie 30 percent, and one bonus share for every four shares, ie 25 percent for the year ended on December 31, 2007, following a meeting held in Islama
Published 15 Feb, 2008 12:00am
UBL approves Rs three per share cash dividend

UBL approves Rs three per share cash dividend

The Board of Directors of United Bank Limited (UBL) has approved a cash dividend of rupees three per share, ie 30 percent, and one bonus share for every four shares, ie 25 percent for the year ended on December 31, 2007, following a meeting held in Islama
Published 15 Feb, 2008 12:00am
UBL approves Rs three per share cash dividend

UBL approves Rs three per share cash dividend

The Board of Directors of United Bank Limited (UBL) has approved a cash dividend of rupees three per share, ie 30 percent, and one bonus share for every four shares, ie 25 percent for the year ended on December 31, 2007, following a meeting held in Islama
Published 15 Feb, 2008 12:00am
Habib Bank profit decreases to Rs 10.084 billion

Habib Bank profit decreases to Rs 10.084 billion

The profit after tax of Habib Bank Limited (HBL) has declined to Rs 10.084 billion in the year ended December 31, 2007 as compared to Rs 12.700 billion earned in the same period in 2006. The bank''''s earning per share declined to Rs 14.49 in the period u
Published 15 Feb, 2008 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 (February 14,2008).
Published 15 Feb, 2008 12:00am
Habib Bank profit decreases to Rs 10.084 billion

Habib Bank profit decreases to Rs 10.084 billion

The profit after tax of Habib Bank Limited (HBL) has declined to Rs 10.084 billion in the year ended December 31, 2007 as compared to Rs 12.700 billion earned in the same period in 2006. The bank''s earning per share declined to Rs 14.49 in the period und
Published 15 Feb, 2008 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 (February 14,2008).
Published 15 Feb, 2008 12:00am
Habib Bank profit decreases to Rs 10.084 billion

Habib Bank profit decreases to Rs 10.084 billion

The profit after tax of Habib Bank Limited (HBL) has declined to Rs 10.084 billion in the year ended December 31, 2007 as compared to Rs 12.700 billion earned in the same period in 2006. The bank's earning per share declined to Rs 14.49 in the period unde
Published 15 Feb, 2008 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 (February 14,2008).
Published 15 Feb, 2008 12:00am
Habib Bank profit decreases to Rs 10.084 billion

Habib Bank profit decreases to Rs 10.084 billion

The profit after tax of Habib Bank Limited (HBL) has declined to Rs 10.084 billion in the year ended December 31, 2007 as compared to Rs 12.700 billion earned in the same period in 2006. The bank's earning per share declined to Rs 14.49 in the period unde
Published 15 Feb, 2008 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 15 Feb, 2008 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 15 Feb, 2008 12:00am
Lahore stocks move up

Lahore stocks move up

Share prices moved up as an overwhelming institutional support triggered buying on the Lahore Stock Exchange on Thursday, propelling the market to a handsome gain of 75.46 points with some improvement in trade turnover. At the final count, the LSE-25 Inde
Published 15 Feb, 2008 12:00am
Lahore stocks move up

Lahore stocks move up

Share prices moved up as an overwhelming institutional support triggered buying on the Lahore Stock Exchange on Thursday, propelling the market to a handsome gain of 75.46 points with some improvement in trade turnover. At the final count, the LSE-25 Inde
Published 15 Feb, 2008 12:00am
New York cotton

New York cotton

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

Published 15 Feb, 2008 12:00am
CMD concerned over election violence

CMD concerned over election violence

The International Observers Group of the Centre for Media and Democracy (CMD) has expressed concern over the reports of violence in different parts of the country prior to the polls and called for immediate measures to ensure law and order situation.
Published 15 Feb, 2008 12:00am
New York cotton

New York cotton

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

Published 15 Feb, 2008 12:00am
CMD concerned over election violence

CMD concerned over election violence

The International Observers Group of the Centre for Media and Democracy (CMD) has expressed concern over the reports of violence in different parts of the country prior to the polls and called for immediate measures to ensure law and order situation.
Published 15 Feb, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 136,042 tonnes cargo including 79,209 tonnes import, 56,833 tonnes export cargo and 3,781 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday.
Published 15 Feb, 2008 12:00am
US Midwest soya firm

US Midwest soya firm

Cash bids for soyabeans firmed at processors and elevators around the eastern US Midwest early on Wednesday, but held steady in the western part of the region, grain dealers said. Spot basis bids for corn and wheat were mostly unchanged. Cash bids for soy
Published 15 Feb, 2008 12:00am
Canadian canola futures rally

Canadian canola futures rally

Canadian canola futures rallied on Wednesday with strength in Chicago soyabean oil futures and on commission house buying, traders said. But crush margins deteriorated with the gains in canola and the Canadian dollar, and export buying appeared to have ba
Published 15 Feb, 2008 12:00am
Heat brings early end to Ivorian main cocoa crop

Heat brings early end to Ivorian main cocoa crop

Lack of rain and hot weather in Ivory Coast's south-west cocoa growing region have brought an early end to the main crop, dashing farmers' hopes for a bumper season and reducing exporters' overall harvest forecasts.
Published 15 Feb, 2008 12:00am
Makai prices sharply lower on grain market

Makai prices sharply lower on grain market

Modest decline was seen on the grain market on Thursday as supply improved in process of trading, dealers said. On the cereals side, Makai low type was lower by Rs 185 to Rs 1725 and better type followed suit and lost Rs 200 to Rs 1750.
Published 15 Feb, 2008 12:00am
HRW wheat bids holding steady

HRW wheat bids holding steady

US Plains hard red winter wheat basis bids were holding steady on Thursday as a lull replaced a flurry of activity over the last week stoked by high prices, dealers said. Grain dealers said wheat offers had thinned and nearby demand was somewhat sated aft
Published 15 Feb, 2008 12:00am
SBP raises retail exposure upper limit to Rs 75 million

SBP raises retail exposure upper limit to Rs 75 million

The State Bank of Pakistan (SBP) has raised the upper limit of retail exposure to Rs 75 million in case of consumer loans and small business loans. According to a circular issued on Thursday, the exposure limit should not be more than 2 percent of total (
Published 15 Feb, 2008 12:00am
US wheat futures close mostly lower

US wheat futures close mostly lower

US wheat futures closed mostly lower on Wednesday as the Chicago and Kansas City markets continued a downward correction from historic highs set early this week, traders said. "There is still an overriding sense that wheat has over-extended itself, and co
Published 15 Feb, 2008 12:00am
SBP raises retail exposure upper limit to Rs 75 million

SBP raises retail exposure upper limit to Rs 75 million

The State Bank of Pakistan (SBP) has raised the upper limit of retail exposure to Rs 75 million in case of consumer loans and small business loans. According to a circular issued on Thursday, the exposure limit should not be more than 2 percent of total (
Published 15 Feb, 2008 12:00am
Oil cake market rates

Oil cake market rates

A few changes were seen on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The March vaida opened unchanged at Rs 692.50 and market closing was seen at the same level. It failed to show any variation for the day's bo
Published 15 Feb, 2008 12:00am
SBP raises retail exposure upper limit to Rs 75 million

SBP raises retail exposure upper limit to Rs 75 million

The State Bank of Pakistan (SBP) has raised the upper limit of retail exposure to Rs 75 million in case of consumer loans and small business loans. According to a circular issued on Thursday, the exposure limit should not be more than 2 percent of total (
Published 15 Feb, 2008 12:00am
No transaction seen on cotton market

No transaction seen on cotton market

The spot rate remained unchanged on the cotton market on Thursday in process of listless trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3100, they said.
Published 15 Feb, 2008 12:00am
CCoP approves GDR offering of Kapco shares today

CCoP approves GDR offering of Kapco shares today

The Cabinet Committee on Privatisation (CCoP) will approve Global Depository Receipt (GDR) offering of Kot Addu Power Company (Kapco) shares on Friday. Presided over by the Caretaker Prime Minister, Mohammedmian Soomro, the meeting would approve deletion
Published 15 Feb, 2008 12:00am
Cotton business at standstill due to general elections

Cotton business at standstill due to general elections

Cotton business has virtually come to a standstill ahead of the national and provincial elections scheduled for next Monday (18th of February 2008) which has been declared a public holiday.
Published 15 Feb, 2008 12:00am
CCoP approves GDR offering of Kapco shares today

CCoP approves GDR offering of Kapco shares today

The Cabinet Committee on Privatisation (CCoP) will approve Global Depository Receipt (GDR) offering of Kot Addu Power Company (Kapco) shares on Friday. Presided over by the Caretaker Prime Minister, Mohammedmian Soomro, the meeting would approve deletion
Published 15 Feb, 2008 12:00am
Cotton business at standstill due to general elections

Cotton business at standstill due to general elections

Cotton business has virtually come to a standstill ahead of the national and provincial elections scheduled for next Monday (18th of February 2008) which has been declared a public holiday.
Published 15 Feb, 2008 12:00am
CCoP approves GDR offering of Kapco shares today

CCoP approves GDR offering of Kapco shares today

The Cabinet Committee on Privatisation (CCoP) will approve Global Depository Receipt (GDR) offering of Kot Addu Power Company (Kapco) shares on Friday. Presided over by the Caretaker Prime Minister, Mohammedmian Soomro, the meeting would approve deletion
Published 15 Feb, 2008 12:00am
New York cocoa settles at 24-year high

New York cocoa settles at 24-year high

US cocoa futures settled at a 24-year high for a second straight day on Wednesday, on follow-through fund and speculative buying, traders said. "The funds just continue to be active," one dealer said.
Published 15 Feb, 2008 12:00am
CCoP approves GDR offering of Kapco shares today

CCoP approves GDR offering of Kapco shares today

The Cabinet Committee on Privatisation (CCoP) will approve Global Depository Receipt (GDR) offering of Kot Addu Power Company (Kapco) shares on Friday. Presided over by the Caretaker Prime Minister, Mohammedmian Soomro, the meeting would approve deletion
Published 15 Feb, 2008 12:00am
New York arabica ends at 10-year high

New York arabica ends at 10-year high

Arabica coffee futures settled at a 10-year high on Wednesday on continued fund buying interest and as participants continued to roll out of the March contract and into May, traders said. "It's been led by the funds. There isn't really any bullish news ri
Published 15 Feb, 2008 12:00am
Gwadar EPZ may get 20-year tax holiday

Gwadar EPZ may get 20-year tax holiday

The Economic Coordination Committee (ECC) of the cabinet, which is scheduled to meet on Friday with caretaker Prime Minister Mohammedmian Soomro in the chair, is likely to approve a package of incentives for Export Processing Zone (EPZ) top of which would
Published 15 Feb, 2008 12:00am
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