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Print - 2008-02-29
Zardari proposes 'truth and reconciliation commission'

Zardari proposes 'truth and reconciliation commission'

The PPP Co-chairman Asif Ali Zardari has proposed setting up a Truth and Reconciliation Commission to recognise victims of state repression and injustices. He said that the establishment had been weakened and it was incumbent upon all political forces to
Published 29 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 28,2008).

Published 29 Feb, 2008 12:00am
UAE envoy calls on Asif Zardari

UAE envoy calls on Asif Zardari

The Ambassador of the United Arab Emirates in Islamabad Ali Muhammad Bin Hammad Al-Shamsi called on the Pakistan People's Party (PPP) co-chairman Asif Ali Zardari at Zardari House in Islamabad Thursday afternoon, a PPP statement said on Thursday.
Published 29 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 28,2008).

Published 29 Feb, 2008 12:00am
Exposition 2015 in Izmir: Pakistan to be offered free pavilion

Exposition 2015 in Izmir: Pakistan to be offered free pavilion

Turkish Ambassador, Gursoz who met Commerce Secretary, Syed Asif Shah here on Thursday said that Pakistan would be offered free pavilion at Expo 2015 to be held in Izmir, says a press release. The ambassador, who is also Special Envoy of the President of
Published 29 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 28,2008).

Published 29 Feb, 2008 12:00am
China to invest $600 million in Sindh coal project

China to invest $600 million in Sindh coal project

China will invest about $600 million for setting up an integrated coal mining-cum-power project in Sindh. The project will produce 180 million tonnes per annum, which is sufficient to fuel the proposed 405 MW power plant.
Published 29 Feb, 2008 12:00am
China to invest $600 million in Sindh coal project

China to invest $600 million in Sindh coal project

China will invest about $600 million for setting up an integrated coal mining-cum-power project in Sindh. The project will produce 180 million tonnes per annum, which is sufficient to fuel the proposed 405 MW power plant.
Published 29 Feb, 2008 12:00am
China to invest $600 million in Sindh coal project

China to invest $600 million in Sindh coal project

China will invest about $600 million for setting up an integrated coal mining-cum-power project in Sindh. The project will produce 180 million tonnes per annum, which is sufficient to fuel the proposed 405 MW power plant.
Published 29 Feb, 2008 12:00am
US sends warship near Lebanon

US sends warship near Lebanon

Deeply concerned about Lebanon's political strife, the United States has sped its USS Cole warship off the country's coast in a "show of support for regional stability," a top US official said Thursday.
Published 29 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 28,2008).

Published 29 Feb, 2008 12:00am
US sends warship near Lebanon

US sends warship near Lebanon

Deeply concerned about Lebanon's political strife, the United States has sped its USS Cole warship off the country's coast in a "show of support for regional stability," a top US official said Thursday.
Published 29 Feb, 2008 12:00am
SBP chief for enhancing credit to SMEs

SBP chief for enhancing credit to SMEs

State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has emphasised the need for introducing credit-enhancing mechanism for SME financing and directed the banks to immediately identify their SME heads as focal points so that the efforts of various sta
Published 29 Feb, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (February 28,2008).

Published 29 Feb, 2008 12:00am
SBP chief for enhancing credit to SMEs

SBP chief for enhancing credit to SMEs

State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has emphasised the need for introducing credit-enhancing mechanism for SME financing and directed the banks to immediately identify their SME heads as focal points so that the efforts of various sta
Published 29 Feb, 2008 12:00am
SBP chief for enhancing credit to SMEs

SBP chief for enhancing credit to SMEs

State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has emphasised the need for introducing credit-enhancing mechanism for SME financing and directed the banks to immediately identify their SME heads as focal points so that the efforts of various sta
Published 29 Feb, 2008 12:00am
UBL Capital Protected Fund-I launched

UBL Capital Protected Fund-I launched

UBL Fund Managers and United Bank Limited on Thursday announced the launch of their first joint investment product, the UBL Capital Protected Fund-I (UCPF-I) worth Rs 1.5 billion.
Published 29 Feb, 2008 12:00am
UBL Capital Protected Fund-I launched

UBL Capital Protected Fund-I launched

UBL Fund Managers and United Bank Limited on Thursday announced the launch of their first joint investment product, the UBL Capital Protected Fund-I (UCPF-I) worth Rs 1.5 billion.
Published 29 Feb, 2008 12:00am
UBL Capital Protected Fund-I launched

UBL Capital Protected Fund-I launched

UBL Fund Managers and United Bank Limited on Thursday announced the launch of their first joint investment product, the UBL Capital Protected Fund-I (UCPF-I) worth Rs 1.5 billion.
Published 29 Feb, 2008 12:00am
UBL Capital Protected Fund-I launched

UBL Capital Protected Fund-I launched

UBL Fund Managers and United Bank Limited on Thursday announced the launch of their first joint investment product, the UBL Capital Protected Fund-I (UCPF-I) worth Rs 1.5 billion.
Published 29 Feb, 2008 12:00am
Taliban control 10 percent of Afghanistan: US

Taliban control 10 percent of Afghanistan: US

The Taliban has retaken control of about 10 percent of Afghanistan's territory, less than seven years after being run out of the country by US military forces, intelligence officials told Congress on Wednesday.
Published 29 Feb, 2008 12:00am
Templeton''s Mobius bets on Pakistan''s energy stocks

Templeton''s Mobius bets on Pakistan''s energy stocks

Templeton Asset Management favours Asian energy stocks and has placed a big bet on fast growing but politically volatile Pakistan, the firm''s top emerging markets fund manager, Mark Mobius, said on Thursday.
Published 29 Feb, 2008 12:00am
Templeton's Mobius bets on Pakistan's energy stocks

Templeton's Mobius bets on Pakistan's energy stocks

Templeton Asset Management favours Asian energy stocks and has placed a big bet on fast growing but politically volatile Pakistan, the firm's top emerging markets fund manager, Mark Mobius, said on Thursday.
Published 29 Feb, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 28,2008).

Published 29 Feb, 2008 12:00am
Templeton's Mobius bets on Pakistan's energy stocks

Templeton's Mobius bets on Pakistan's energy stocks

Templeton Asset Management favours Asian energy stocks and has placed a big bet on fast growing but politically volatile Pakistan, the firm's top emerging markets fund manager, Mark Mobius, said on Thursday.
Published 29 Feb, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 28,2008).
Published 29 Feb, 2008 12:00am
Nespak terms Bara, Jabba dams feasible

Nespak terms Bara, Jabba dams feasible

NWFP Governor Owais Ahmad Ghani Thursday said that feasibility studies of two dams in Bara and Jamrud sub-divisions of Khyber Agency has almost been completed and both of them have been found feasible for construction. He expressed these views during a pr
Published 29 Feb, 2008 12:00am
'Political instability, security challenges likely to hinder FDI'

'Political instability, security challenges likely to hinder FDI'

Political instability and civil conflicts have been found to be a major factor in reducing the attractiveness of South Asia as a host for foreign capital. Afghanistan, Pakistan, and Sri Lanka continue to face political uncertainties and security challenge
Published 29 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 28,2008).

Published 29 Feb, 2008 12:00am
15,000 tons of sugar to be exported to Bangladesh

15,000 tons of sugar to be exported to Bangladesh

Pakistan will export 15,000 tonnes of sugar to Bangladesh from the surplus stock. The sugar mills across the country have abundant stocks of surplus sugar and, therefore, it has been decided to export some amount out of the same stock, told sugar industry
Published 29 Feb, 2008 12:00am
SSGC profit down to Rs 340.6 million in July-December

SSGC profit down to Rs 340.6 million in July-December

The profit after-tax of Sui Southern Gas Company Limited (SSGC) has declined to Rs 340.6 million in the six months period ended December 31, 2007 as compared to Rs 485.3 million earned in the corresponding period in 2006. The SSGC board, in its meeting he
Published 29 Feb, 2008 12:00am
SSGC profit down to Rs 340.6 million in July-December

SSGC profit down to Rs 340.6 million in July-December

The profit after-tax of Sui Southern Gas Company Limited (SSGC) has declined to Rs 340.6 million in the six months period ended December 31, 2007 as compared to Rs 485.3 million earned in the corresponding period in 2006. The SSGC board, in its meeting he
Published 29 Feb, 2008 12:00am
SSGC profit down to Rs 340.6 million in July-December

SSGC profit down to Rs 340.6 million in July-December

The profit after-tax of Sui Southern Gas Company Limited (SSGC) has declined to Rs 340.6 million in the six months period ended December 31, 2007 as compared to Rs 485.3 million earned in the corresponding period in 2006. The SSGC board, in its meeting he
Published 29 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 28,2008).

Published 29 Feb, 2008 12:00am
SSGC profit down to Rs 340.6 million in July-December

SSGC profit down to Rs 340.6 million in July-December

The profit after-tax of Sui Southern Gas Company Limited (SSGC) has declined to Rs 340.6 million in the six months period ended December 31, 2007 as compared to Rs 485.3 million earned in the corresponding period in 2006. The SSGC board, in its meeting he
Published 29 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 28,2008).

Published 29 Feb, 2008 12:00am
Zardari meets Fazl

Zardari meets Fazl

Pakistan People's Party (PPP) co-chairman Asif Ali Zardari met Jamiat Ulamae Islam (JUI) chief Maulana Fazlur Rehman here on Thursday and both leaders agreed to hold further negotiations to cooperate in the incoming parliament.
Published 29 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 28,2008).

Published 29 Feb, 2008 12:00am
Zardari meets Fazl

Zardari meets Fazl

Pakistan People's Party (PPP) co-chairman Asif Ali Zardari met Jamiat Ulamae Islam (JUI) chief Maulana Fazlur Rehman here on Thursday and both leaders agreed to hold further negotiations to cooperate in the incoming parliament.
Published 29 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 29 Feb, 2008 12:00am
National Assembly likely to be convened on March 5: minister

National Assembly likely to be convened on March 5: minister

Federal Caretaker Minister for Law and Justice, Afzal Haider said that the first ever session of the newly elected National Assembly would be convened on March 5 likely according to the scheduled being finalised so far.
Published 29 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 29 Feb, 2008 12:00am
National Assembly likely to be convened on March 5: minister

National Assembly likely to be convened on March 5: minister

Federal Caretaker Minister for Law and Justice, Afzal Haider said that the first ever session of the newly elected National Assembly would be convened on March 5 likely according to the scheduled being finalised so far.
Published 29 Feb, 2008 12:00am
Sherpao dispels rumours of differences in party ranks

Sherpao dispels rumours of differences in party ranks

A parliamentary party meeting of Pakistan People's Party (Sherpao) was held here Thursday to discuss the current political situation. Chief of PPP (S), Aftab Ahmad Khan Sherpao chaired the meeting at People's House, Peshawar. Party MPAs Pervez Khattak, Si
Published 29 Feb, 2008 12:00am
Nisar rejects opposition charge of pre-rigged polls

Nisar rejects opposition charge of pre-rigged polls

Caretaker Federal Minister for Information Nisar Memon Thursday assured the Senate that election was purely transparent in accordance with Article 224-7 of the Constitution and rejected opposition blames of pre-planned rigging.
Published 29 Feb, 2008 12:00am
New York cotton

New York cotton

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

Published 29 Feb, 2008 12:00am
New York cotton

New York cotton

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

Published 29 Feb, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 85,236 tonnes cargo including 29,463 tonnes import, 55,773 tonnes export cargo and 3,875 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 63,886 tonnes dry cargo including 36,084 tonn
Published 29 Feb, 2008 12:00am
Ghana raises cocoa prices to fight smuggling

Ghana raises cocoa prices to fight smuggling

Ghana raised the prices it pays farmers for their cocoa by more than 25 percent on Wednesday in a bid to stop a surge in smuggling and prevent growers from seeking higher profits in neighbouring states.
Published 29 Feb, 2008 12:00am
Pakistani banking system improving but vulnerable: Fitch

Pakistani banking system improving but vulnerable: Fitch

Fitch Ratings on Thursday said that the Pakistani banking system has, over the last decade, gradually evolved from a weak state-owned system to a slightly healthier and active private sector driven system.
Published 29 Feb, 2008 12:00am
US corn futures lower

US corn futures lower

US corn futures ended lower on Wednesday on a technical correction including profit-taking after a rally early this week to record highs, traders said. "Corn right now continues rangebound with an upward bias and waiting for something to happen, and it wi
Published 29 Feb, 2008 12:00am
Pakistani banking system improving but vulnerable: Fitch

Pakistani banking system improving but vulnerable: Fitch

Fitch Ratings on Thursday said that the Pakistani banking system has, over the last decade, gradually evolved from a weak state-owned system to a slightly healthier and active private sector driven system.
Published 29 Feb, 2008 12:00am
US Midwest soya bids up; corn mostly firm

US Midwest soya bids up; corn mostly firm

Spot basis bids for soyabeans rose at processors and elevators around the US Midwest on Wednesday while corn bids were mostly steady, grain dealers said. Soyabean dealers tightened their basis bids after a downturn in the futures market cut cash prices by
Published 29 Feb, 2008 12:00am
Pakistani banking system improving but vulnerable: Fitch

Pakistani banking system improving but vulnerable: Fitch

Fitch Ratings on Thursday said that the Pakistani banking system has, over the last decade, gradually evolved from a weak state-owned system to a slightly healthier and active private sector driven system.
Published 29 Feb, 2008 12:00am
Canadian canola futures weaker

Canadian canola futures weaker

Canadian canola futures were weaker on Wednesday in sympathy with weak US soyabean futures and the strong Canadian dollar, which curbed all but routine exporter and crusher buying, traders said. "The dollar is really hurting export business," a trader sai
Published 29 Feb, 2008 12:00am
Transaction structure for SME Bank sell-off approved

Transaction structure for SME Bank sell-off approved

A meeting of the Board of Privatisation Commission chaired by Shahzada Alam Monnoo Federal Minister for Privatisation & Investment here Thursday approved the transaction structure for the privatisation of SME Bank and allowed the divestment of 93.88 perce
Published 29 Feb, 2008 12:00am
KCBT wheat futures mixed

KCBT wheat futures mixed

Hard red winter wheat futures on the Kansas City Board of Trade closed mixed on Wednesday in highly volatile trade, with nearby contracts rallying to record highs near $14 a bushel after plunging in early moves, traders said.
Published 29 Feb, 2008 12:00am
Transaction structure for SME Bank sell-off approved

Transaction structure for SME Bank sell-off approved

A meeting of the Board of Privatisation Commission chaired by Shahzada Alam Monnoo Federal Minister for Privatisation & Investment here Thursday approved the transaction structure for the privatisation of SME Bank and allowed the divestment of 93.88 perce
Published 29 Feb, 2008 12:00am
Oil cake market rates

Oil cake market rates

Thin business was seen on the forward cottonseed oilcake market on Thursday as many buyers were on the sidelines in process of trading, dealers said. The March vaida opened at Rs 695.00 and closing was seen at the same level, they said.
Published 29 Feb, 2008 12:00am
Transaction structure for SME Bank sell-off approved

Transaction structure for SME Bank sell-off approved

A meeting of the Board of Privatisation Commission chaired by Shahzada Alam Monnoo Federal Minister for Privatisation & Investment here Thursday approved the transaction structure for the privatisation of SME Bank and allowed the divestment of 93.88 perce
Published 29 Feb, 2008 12:00am
Trading picks up within obtaining price range

Trading picks up within obtaining price range

Firmness prevailed on the cotton market on Thursday as mills preferred to continue purchasing inferior quality cotton as prices of the fine types were not matching with their psychological levels. Transaction was higher compared with Wednesday's, dealers
Published 29 Feb, 2008 12:00am
FBR told not to let Taiwan flagships enter seaports

FBR told not to let Taiwan flagships enter seaports

The Ministry of Foreign Affairs has asked the Federal Board of Revenue not to let ships and vessels carrying Taiwan flags touch the Pakistani seaports, as the country does not recognise Taiwan as a separate state, but a part of China.
Published 29 Feb, 2008 12:00am
HRW wheat values mostly steady

HRW wheat values mostly steady

US Plains hard red winter wheat basis values were mostly steady on Thursday, with some merchants posting 50 cents price protection against an expected steep drop in futures prices. Kansas City Board of Trade HRW wheat futures fell 52 cents overnight after
Published 29 Feb, 2008 12:00am
FBR told not to let Taiwan flagships enter seaports

FBR told not to let Taiwan flagships enter seaports

The Ministry of Foreign Affairs has asked the Federal Board of Revenue not to let ships and vessels carrying Taiwan flags touch the Pakistani seaports, as the country does not recognise Taiwan as a separate state, but a part of China.
Published 29 Feb, 2008 12:00am
FBR told not to let Taiwan flagships enter seaports

FBR told not to let Taiwan flagships enter seaports

The Ministry of Foreign Affairs has asked the Federal Board of Revenue not to let ships and vessels carrying Taiwan flags touch the Pakistani seaports, as the country does not recognise Taiwan as a separate state, but a part of China.
Published 29 Feb, 2008 12:00am
Gram prices sharply higher on grain market

Gram prices sharply higher on grain market

Grams prices were sharply higher on the grain market on Thursday as wheat rates continued to surge in process of trading, dealers said. On the gram side, gram garda Punjab was up by Rs 175 to Rs 3175-3325, gram garda Punjab dal low type was sharply higher
Published 29 Feb, 2008 12:00am
BRIndex30 down 7.14 points

BRIndex30 down 7.14 points

On Thursday BRIndex30 opened in the green zone at 16,960.74, with an upward gap of 39.12 points. It closed at 16,914.48 with a net negative change of -7.14 points and percentage change of -0.04. It showed intra-day high of 17,000.33 and intra-day low of 1
Published 29 Feb, 2008 12:00am
Steady situation seen on cotton market

Steady situation seen on cotton market

Steady condition has prevailed over the cotton market during the past couple of days with normal turnovers. Due to dwindling stocks and higher advices from the New York cotton futures market for most of this week, spinners kept buying from the little stoc
Published 29 Feb, 2008 12:00am
BRIndex30 down 7.14 points

BRIndex30 down 7.14 points

On Thursday BRIndex30 opened in the green zone at 16,960.74, with an upward gap of 39.12 points. It closed at 16,914.48 with a net negative change of -7.14 points and percentage change of -0.04. It showed intra-day high of 17,000.33 and intra-day low of 1
Published 29 Feb, 2008 12:00am
Steady situation seen on cotton market

Steady situation seen on cotton market

Steady condition has prevailed over the cotton market during the past couple of days with normal turnovers. Due to dwindling stocks and higher advices from the New York cotton futures market for most of this week, spinners kept buying from the little stoc
Published 29 Feb, 2008 12:00am
KSE index hits fresh high of 15,078 points

KSE index hits fresh high of 15,078 points

The KSE-100 index closed at its new high level of 15,078.19 on Thursday, with a net gain of 58.50 points on the back of strong interest of retail and foreign investors. The KSE-30 index surged by 62.63 points to close at its highest level of 18,644.48 poi
Published 29 Feb, 2008 12:00am
MGE March stays volatile ahead of first notice day

MGE March stays volatile ahead of first notice day

Trade in the Minneapolis Grain Exchange March spring wheat futures contract remained volatile on Tuesday as traders exited positions before the first notice day for deliveries on Friday, traders and analysts said.
Published 29 Feb, 2008 12:00am
KSE index hits fresh high of 15,078 points

KSE index hits fresh high of 15,078 points

The KSE-100 index closed at its new high level of 15,078.19 on Thursday, with a net gain of 58.50 points on the back of strong interest of retail and foreign investors. The KSE-30 index surged by 62.63 points to close at its highest level of 18,644.48 poi
Published 29 Feb, 2008 12:00am