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Print - 2008-02-21
ECP fails to consult APC on developing code of conduct: NGO

ECP fails to consult APC on developing code of conduct: NGO

It has been observed that during Elections - 2008, the electoral process-related instructions and codes were gender blind. The Election Commission of Pakistan (ECP) failed to capitalise them, as it did not undertake consultation with all parties conferenc
Published 21 Feb, 2008 12:00am
'Democratic forces should join hands for peace, progress'

'Democratic forces should join hands for peace, progress'

Central PML-N leader Khawaja Saad Rafiq Wednesday said the nation had done its job by inflicting crushing defeat on the supporters of anti-democratic forces, and now the national leadership would play its role.
Published 21 Feb, 2008 12:00am
Elections 2008: Gallup survey - II

Elections 2008: Gallup survey - II

ELECTION DAY SURVEY: Gallup Pakistan carried out a large scale Exit Poll Survey on February 18 across all four provinces of Pakistan, exclusively for the Daily Business Recorder and Aaj TV Network.
Published 21 Feb, 2008 12:00am
Elections 2008 - nation's verdict against religious parties

Elections 2008 - nation's verdict against religious parties

People of Pakistan have once again spoken loud and clear in a free and transparent elections and rededicated themselves to the ideals of the father of the nation Quaid-e-Azam Mohammad Ali Jinnah by rejecting the religious parties in the 2008 general elect
Published 21 Feb, 2008 12:00am
CEC directs re-polling in ten stations

CEC directs re-polling in ten stations

Chief Election Commissioner, former justice Qazi Muhammad Farooq on Wednesday directed re-polling in 10 polling stations of different national and provincial constituencies.
Published 21 Feb, 2008 12:00am
International Mother Tongue Day today

International Mother Tongue Day today

We must celebrate International Mother Tongue Day enthusiastically to demonstrate that love our own language even though we might be proficient in several languages, said the Pakistan language expert here on Wednesday.
Published 21 Feb, 2008 12:00am
Saudi Arabia to link holy cities by high-speed train

Saudi Arabia to link holy cities by high-speed train

Saudi King Abdullah on Wednesday gave the green light for a high-speed rail link between Islam''s holy cities of Mecca and Medina via the commercial hub of Jeddah, the official SPA news agency reported.
Published 21 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 20,2008).

Published 21 Feb, 2008 12:00am
Saudi Arabia to link holy cities by high-speed train

Saudi Arabia to link holy cities by high-speed train

Saudi King Abdullah on Wednesday gave the green light for a high-speed rail link between Islam's holy cities of Mecca and Medina via the commercial hub of Jeddah, the official SPA news agency reported.
Published 21 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 20,2008).

Published 21 Feb, 2008 12:00am
Saudi Arabia to link holy cities by high-speed train

Saudi Arabia to link holy cities by high-speed train

Saudi King Abdullah on Wednesday gave the green light for a high-speed rail link between Islam's holy cities of Mecca and Medina via the commercial hub of Jeddah, the official SPA news agency reported.
Published 21 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 20,2008).

Published 21 Feb, 2008 12:00am
Indian Air Force on a state of high alert

Indian Air Force on a state of high alert

After developments in Pakistan India Air Force was put on a state of high alert. India Air Officer Commanding- in-Chief Western Command Air Marshal P K Barbora said in Chandigarh on Wednesday that Indian Air Force jets would join air exercise 'Redflag' at
Published 21 Feb, 2008 12:00am
Indian Air Force on a state of high alert

Indian Air Force on a state of high alert

After developments in Pakistan India Air Force was put on a state of high alert. India Air Officer Commanding- in-Chief Western Command Air Marshal P K Barbora said in Chandigarh on Wednesday that Indian Air Force jets would join air exercise 'Redflag' at
Published 21 Feb, 2008 12:00am
FBR to closely monitor overall withholding tax collection

FBR to closely monitor overall withholding tax collection

The Federal Board of Revenue (FBR) would closely monitor withholding tax on stock exchanges transactions, exports, passengers transport vehicles, CNG stations, electricity used by commercial consumers and telephone subscribers to broaden the sphere of col
Published 21 Feb, 2008 12:00am
FBR to closely monitor overall withholding tax collection

FBR to closely monitor overall withholding tax collection

The Federal Board of Revenue (FBR) would closely monitor withholding tax on stock exchanges transactions, exports, passengers transport vehicles, CNG stations, electricity used by commercial consumers and telephone subscribers to broaden the sphere of col
Published 21 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 Wednesday (February 20,2008).

Published 21 Feb, 2008 12:00am
FBR to closely monitor overall withholding tax collection

FBR to closely monitor overall withholding tax collection

The Federal Board of Revenue (FBR) would closely monitor withholding tax on stock exchanges transactions, exports, passengers transport vehicles, CNG stations, electricity used by commercial consumers and telephone subscribers to broaden the sphere of col
Published 21 Feb, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (February 20,2008).

Published 21 Feb, 2008 12:00am
China welcomes Pakistan's peaceful elections

China welcomes Pakistan's peaceful elections

China said on Wednesday that it was pleased that elections in the long-time ally, Pakistan, went calmly, and urged the nation to maintain political stability. "China is happy about the smooth completion of Pakistan's elections," foreign ministry spokesman
Published 21 Feb, 2008 12:00am
Textile exports may face 14 percent fall in fiscal year 2008

Textile exports may face 14 percent fall in fiscal year 2008

Not fully equipped to cope with the regional competition the country may face 14 percent decline in its textile exports during the current fiscal year as compared with fiscal 2006-07; official sources told Business Recorder here on Wednesday.
Published 21 Feb, 2008 12:00am
Textile exports may face 14 percent fall in fiscal year 2008

Textile exports may face 14 percent fall in fiscal year 2008

Not fully equipped to cope with the regional competition the country may face 14 percent decline in its textile exports during the current fiscal year as compared with fiscal 2006-07; official sources told Business Recorder here on Wednesday.
Published 21 Feb, 2008 12:00am
Textile exports may face 14 percent fall in fiscal year 2008

Textile exports may face 14 percent fall in fiscal year 2008

Not fully equipped to cope with the regional competition the country may face 14 percent decline in its textile exports during the current fiscal year as compared with fiscal 2006-07; official sources told Business Recorder here on Wednesday.
Published 21 Feb, 2008 12:00am
KPT starts dredging at Pasni Fish Harbour

KPT starts dredging at Pasni Fish Harbour

The bucket-type grab hopper dredger of Karachi Port Trust''s (KPT) has reached Pasni and started dredging on Tuesday in the Pasni Fish Harbour (PFH) which had long been lying unused due to huge siltation.
Published 21 Feb, 2008 12:00am
KPT starts dredging at Pasni Fish Harbour

KPT starts dredging at Pasni Fish Harbour

The bucket-type grab hopper dredger of Karachi Port Trust's (KPT) has reached Pasni and started dredging on Tuesday in the Pasni Fish Harbour (PFH) which had long been lying unused due to huge siltation.
Published 21 Feb, 2008 12:00am
KPT starts dredging at Pasni Fish Harbour

KPT starts dredging at Pasni Fish Harbour

The bucket-type grab hopper dredger of Karachi Port Trust's (KPT) has reached Pasni and started dredging on Tuesday in the Pasni Fish Harbour (PFH) which had long been lying unused due to huge siltation.
Published 21 Feb, 2008 12:00am
Former UK spymaster denies plot to kill Diana

Former UK spymaster denies plot to kill Diana

The former head of Britain's overseas intelligence service on Wednesday denied that princess Diana was killed on the orders of senior royals because she was pregnant and about to marry a Muslim.
Published 21 Feb, 2008 12:00am
Former UK spymaster denies plot to kill Diana

Former UK spymaster denies plot to kill Diana

The former head of Britain's overseas intelligence service on Wednesday denied that princess Diana was killed on the orders of senior royals because she was pregnant and about to marry a Muslim.
Published 21 Feb, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (February 20,2008).

Published 21 Feb, 2008 12:00am
East Europe nuclear plans face many obstacles

East Europe nuclear plans face many obstacles

East European countries have jumped on the global nuclear renaissance bandwagon, but numerous hurdles facing atomic power mean projects could be delayed and some even abandoned, analysts say.
Published 21 Feb, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 20,2008).
Published 21 Feb, 2008 12:00am
ISE index up 2.45 points

ISE index up 2.45 points

Equities showed healthy signs at the Islamabad Stock Exchange (ISE) on Wednesday where bulls strengthened their positions amid increase in index. ISE-10 Index showed an improvement of 2.45 points from 3,152.73 to 3,155.18 points.
Published 21 Feb, 2008 12:00am
ISE index up 2.45 points

ISE index up 2.45 points

Equities showed healthy signs at the Islamabad Stock Exchange (ISE) on Wednesday where bulls strengthened their positions amid increase in index. ISE-10 Index showed an improvement of 2.45 points from 3,152.73 to 3,155.18 points.
Published 21 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 Wednesday (February 20,2008).

Published 21 Feb, 2008 12:00am
Bullish trend witnessed on LSE

Bullish trend witnessed on LSE

Share prices have continued inching up on the second straight day with a focused activity in blue chips, which recorded hefty gains, helping the index to add 0.7 percent further to its strength, on the Lahore Stock Exchange (LSE) here on Wednesday.
Published 21 Feb, 2008 12:00am
Bullish trend witnessed on LSE

Bullish trend witnessed on LSE

Share prices have continued inching up on the second straight day with a focused activity in blue chips, which recorded hefty gains, helping the index to add 0.7 percent further to its strength, on the Lahore Stock Exchange (LSE) here on Wednesday.
Published 21 Feb, 2008 12:00am
BRIndex30 up 209.55 points

BRIndex30 up 209.55 points

On Wednesday, the BRIndex30 opened in the green zone, at 16,418.21, with a jump gap of 107.59 points, and remained there for whole of the trading time. It closed at 16,520.17 with a net positive change of 209.55 points and percentage change of 1.28.
Published 21 Feb, 2008 12:00am
BRIndex30 up 209.55 points

BRIndex30 up 209.55 points

On Wednesday, the BRIndex30 opened in the green zone, at 16,418.21, with a jump gap of 107.59 points, and remained there for whole of the trading time. It closed at 16,520.17 with a net positive change of 209.55 points and percentage change of 1.28.
Published 21 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 Wednesday (February 20,2008).

Published 21 Feb, 2008 12:00am
Stocks firm on stability hopes: KSE-100 index touches new high

Stocks firm on stability hopes: KSE-100 index touches new high

The KSE-100 index on Wednesday touched its highest level so far of 14,957.48 points, but closed at 14,829.58 points with a gain of 32.40 points on the back of strong interest of both local and foreign investors. The parallel KSE-30 index also performed we
Published 21 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 Wednesday (February 20,2008).

Published 21 Feb, 2008 12:00am
Stocks firm on stability hopes: KSE-100 index touches new high

Stocks firm on stability hopes: KSE-100 index touches new high

The KSE-100 index on Wednesday touched its highest level so far of 14,957.48 points, but closed at 14,829.58 points with a gain of 32.40 points on the back of strong interest of both local and foreign investors. The parallel KSE-30 index also performed we
Published 21 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 Wednesday (February 20,2008).

Published 21 Feb, 2008 12:00am
Stocks firm on stability hopes: KSE-100 index touches new high

Stocks firm on stability hopes: KSE-100 index touches new high

The KSE-100 index on Wednesday touched its highest level so far of 14,957.48 points, but closed at 14,829.58 points with a gain of 32.40 points on the back of strong interest of both local and foreign investors. The parallel KSE-30 index also performed we
Published 21 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 21 Feb, 2008 12:00am
PML-N wooing independents for government formation in Punjab

PML-N wooing independents for government formation in Punjab

The Pakistan Muslim League-Nawaz, emerging as the single largest party in the Punjab Assembly after it secured 102 seats out of 292, has started working towards drumming up support of independents to establish its government in the province.
Published 21 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 21 Feb, 2008 12:00am
PPP and PML-N discuss formation of government today

PPP and PML-N discuss formation of government today

Leaders of the two major political parties, Pakistan People's Party and Pakistan Muslim League (N) will meet today (Thursday) to discuss about formation of a coalition government in a hung Parliament with none of them having a majority to form the governm
Published 21 Feb, 2008 12:00am
Nawaz accepts PPP's right to form government

Nawaz accepts PPP's right to form government

Pakistan Muslim League-N chief Nawaz Sharif has announced that his party will decide about the alliance with other parties, candidates of prime minister and Punjab chief minister after a meeting and consultation with other democratic forces.
Published 21 Feb, 2008 12:00am
NIB declares PLS profit rates

NIB declares PLS profit rates

NIB Bank has declared PLS profit rates on USD Savings Account's effective from 01, March 08.

Published 21 Feb, 2008 12:00am
Nawaz accepts PPP's right to form government

Nawaz accepts PPP's right to form government

Pakistan Muslim League-N chief Nawaz Sharif has announced that his party will decide about the alliance with other parties, candidates of prime minister and Punjab chief minister after a meeting and consultation with other democratic forces.
Published 21 Feb, 2008 12:00am
NIB declares PLS profit rates

NIB declares PLS profit rates

NIB Bank has declared PLS profit rates on USD Savings Account's effective from 01, March 08.

Published 21 Feb, 2008 12:00am
Zardari alleges post-poll rigging

Zardari alleges post-poll rigging

Pakistan People's Party (PPP) Co-chairman Asif Ali Zardari alleged Wednesday that authorities are withholding the results of parliamentary elections and are attempting to change them.
Published 21 Feb, 2008 12:00am
New York cotton

New York cotton

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

Published 21 Feb, 2008 12:00am
Bio-diesel plant import to be duty-free

Bio-diesel plant import to be duty-free

The government has decided to allow duty-free import of plant, machinery, equipment and raw material to set up plants for bio-diesel production, official sources told Business Recorder here on Wednesday.
Published 21 Feb, 2008 12:00am
New York cotton

New York cotton

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

Published 21 Feb, 2008 12:00am
Bio-diesel plant import to be duty-free

Bio-diesel plant import to be duty-free

The government has decided to allow duty-free import of plant, machinery, equipment and raw material to set up plants for bio-diesel production, official sources told Business Recorder here on Wednesday.
Published 21 Feb, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 82,660 tonnes cargo including 46,383 tonnes import, 36,277 tonnes export cargo and 2,283 containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 51,124 tonnes dry cargo including 27,124 ton
Published 21 Feb, 2008 12:00am
Bio-diesel plant import to be duty-free

Bio-diesel plant import to be duty-free

The government has decided to allow duty-free import of plant, machinery, equipment and raw material to set up plants for bio-diesel production, official sources told Business Recorder here on Wednesday.
Published 21 Feb, 2008 12:00am
China's alumina prices fall 11 percent

China's alumina prices fall 11 percent

The price of spot alumina in China has fallen 11 percent in less than a month due to weaker demand as some aluminium smelters' production has been affected by snow-related power shortages, industry officials said on Wednesday.
Published 21 Feb, 2008 12:00am
Mild steel bars prices rise to Rs 60,000 per ton

Mild steel bars prices rise to Rs 60,000 per ton

The prices of mild steel bars on Wednesday shot up by Rs 5,000 per ton to new peak of Rs 60,000 per ton in the wake of soaring prices of raw material in international markets, traders said. Pakistan steel last week announced raise in the price of billets
Published 21 Feb, 2008 12:00am
US corn futures higher as soya and soyaoil rally

US corn futures higher as soya and soyaoil rally

US corn futures closed higher on Tuesday, following surging soya and soyaoil, traders said. Chicago Board of Trade corn closed up 3-3/4 to 7-1/2 cents per bushel, with March up 5-1/2 at $5.20-1/4 per bushel. Commodity funds bought 5,000 lots and 72 percen
Published 21 Feb, 2008 12:00am
Mild steel bars prices rise to Rs 60,000 per ton

Mild steel bars prices rise to Rs 60,000 per ton

The prices of mild steel bars on Wednesday shot up by Rs 5,000 per ton to new peak of Rs 60,000 per ton in the wake of soaring prices of raw material in international markets, traders said. Pakistan steel last week announced raise in the price of billets
Published 21 Feb, 2008 12:00am
FOB Gulf corn and soya offers steady

FOB Gulf corn and soya offers steady

US FOB Gulf corn and soyabean basis offers held steady on Tuesday with few inquiries in the market place amid volatile futures prices and rising ocean freight rates, traders said. Wheat basis offers fell sharply, due to rallies in Chicago and Kansas City
Published 21 Feb, 2008 12:00am
Mild steel bars prices rise to Rs 60,000 per ton

Mild steel bars prices rise to Rs 60,000 per ton

The prices of mild steel bars on Wednesday shot up by Rs 5,000 per ton to new peak of Rs 60,000 per ton in the wake of soaring prices of raw material in international markets, traders said. Pakistan steel last week announced raise in the price of billets
Published 21 Feb, 2008 12:00am
Canadian canola rallies on China vegetable oil demand

Canadian canola rallies on China vegetable oil demand

Canadian canola futures sailed to fresh contract highs on Tuesday as vegetable oils soared on demand from China and as US crude oil futures climbed to a new record, traders said. "People are just not selling anything," a canola trader said, noting a lack
Published 21 Feb, 2008 12:00am
HRW wheat bids steady to firmer

HRW wheat bids steady to firmer

US Plains hard red basis bids were steady to firmer on Wednesday in a mostly quiet market. Mills continued to seek out high-protein spring wheat and high-protein HRW wheat to substitute for the hard-to-find spring supplies.
Published 21 Feb, 2008 12:00am
US Midwest corn bids firm, soyabean mostly flat

US Midwest corn bids firm, soyabean mostly flat

Spot corn basis bids were steady to firm around the interior US Midwest on Tuesday, while the soyabean basis held mostly flat despite a rally in the futures market to fresh all-time highs, grain merchants said.
Published 21 Feb, 2008 12:00am
CboT and KCBT wheat futures higher

CboT and KCBT wheat futures higher

Wheat futures on the Chicago Board of Trade and the Kansas City Board of Trade closed higher on Tuesday, following a broad-based commodities rally that lifted grains as well as crude oil and gold, traders said.
Published 21 Feb, 2008 12:00am
Bush hopes new government to be 'friends'

Bush hopes new government to be 'friends'

US President George W Bush on Wednesday embraced Pakistan's elections as "a significant victory" for democracy, and said that he hoped the new government would "be friends of the United States." "It's now time for the newly elected folks to show up and fo
Published 21 Feb, 2008 12:00am
Oil cake market rates

Oil cake market rates

Higher trend persisted on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The March vaida opened at Rs 695.00 and closing was seen at the same level. The vaida did not show any gain or loss for the day's best and bo
Published 21 Feb, 2008 12:00am
Bush hopes new government to be 'friends'

Bush hopes new government to be 'friends'

US President George W Bush on Wednesday embraced Pakistan's elections as "a significant victory" for democracy, and said that he hoped the new government would "be friends of the United States." "It's now time for the newly elected folks to show up and fo
Published 21 Feb, 2008 12:00am