News Archives for Print - 2008-03-03 - Business Recorder

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Print - 2008-03-03

'My statement not a policy statement': US terms minister's claims 'untrue'

'My statement not a policy statement': US terms minister's claims 'untrue'

Interior Minister Lieutenant-General Hamid Nawaz (retd) said on Sunday that, in a telephonic conversation with US ambassador in Pakistan Anne Patterson, it had been explained that his statement that he gave in an interview with Aaj TV on Saturday was not

Published 03 Mar, 2008 12:00am

I-Play to offer Internet games to Filipinos

I-Play to offer Internet games to Filipinos

Philippine broadcaster GMA has formed a joint venture with an information technology company to offer Internet on-line games, officials of both companies announced on Wednesday.

Published 03 Mar, 2008 12:00am

Qwest plans better Web, wireless services

Qwest plans better Web, wireless services

Qwest Communications International Inc said on Monday that it planned to deepen partnerships to offer consumers better video, Internet and wireless services.

Published 03 Mar, 2008 12:00am

Yahoo Buzz services in pipeline

Yahoo Buzz services in pipeline

Yahoo Inc said on Tuesday it will launch a service called Yahoo Buzz which will use consumers' voting to uncover the most popular content from sites across the Internet and bring them to Yahoo's homepage, one of the Web's most trafficked destinations.

Published 03 Mar, 2008 12:00am

New move in cell phone price war

New move in cell phone price war

Japan's eAccess Ltd, a broadband Internet and wireless data services provider, said on Monday it will offer a mobile phone service with no basic monthly fee. eAccess said it would charge users of its service 18 yen for every 30 seconds of call time.

Published 03 Mar, 2008 12:00am

Electricity generated by body heat may power tomorrow's phones

Electricity generated by body heat may power tomorrow's phones

Making calls from a cell phone without a battery, using just the warmth of your hand? Perhaps that's no more than a pipe dream right now. But new circuits being developed by researchers in Germany are already making it possible to harness body heat for ge

Published 03 Mar, 2008 12:00am

Google in Kashmiri language

Google in Kashmiri language

Google has initiated an active web page (http/labs.google.co.in) for the students and scholars of Kashmiri language across the world making it easier for them to access information on the web.

Published 03 Mar, 2008 12:00am

Google offers team web site publishing service

Google offers team web site publishing service

Google Inc said on Wednesday it is offering a simple web site publishing tool for office workers to set up and run their team collaboration sites, taking aim at Microsoft Corp's rival SharePoint franchise.

Published 03 Mar, 2008 12:00am

IBM brings back-to-the-future mainframe to present

IBM brings back-to-the-future mainframe to present

IBM is set to launch the latest update of its powerful mainframe computer on Tuesday, a more energy-efficient machine that it hopes will compete with high-end computers from rivals such as Hewlett-Packard Co and Sun Microsystems Inc.

Published 03 Mar, 2008 12:00am

Microsoft enters virtualisation with Windows server

Microsoft enters virtualisation with Windows server

Microsoft Corp released the latest version of its Windows operating system for powerful servers on Wednesday, thrusting itself into the red-hot market for virtualisation technology that allows one computer to act like many machines.

Published 03 Mar, 2008 12:00am

Europe's GEANT computer network extends its reach

Europe's GEANT computer network extends its reach

The world's highest-speed computer network, Europe's GEANT, is linking up with others worldwide to create a global research network, the European Commission announced on Friday. GEANT, the world's largest computer network dedicated to research and educati

Published 03 Mar, 2008 12:00am

Japanese cellphones to turn into 'robot' buddies

Japanese cellphones to turn into 'robot' buddies

For those who feel a bit lonely just talking on the phone, a Japanese company is offering a cellphone that turns into a robot buddy ready to chat. Softbank Mobile Corp.'s new mobile line looks like a small humanoid with attachable arms and legs, with the

Published 03 Mar, 2008 12:00am

High-tech shopping carts to be deployed in Singapore

High-tech shopping carts to be deployed in Singapore

Can't find those noodles in the supermarket? High-tech shopping carts to be launched in Singapore might show you the way. Dubbed "MediaCarts", the carts will be deployed in a pilot project for the first time in Asia at a new branch of Singapore's Cold Sto

Published 03 Mar, 2008 12:00am

Encyclopedia of Life takes shape

Encyclopedia of Life takes shape

About 30,000 species of creatures and plants have been listed in a draft Encyclopedia of Life that may aid understanding of issues from human ageing to disease, scientists said.

Published 03 Mar, 2008 12:00am

Rich nations should set 2020 carbon targets: UN

Rich nations should set 2020 carbon targets: UN

The world's rich countries should set a goal of cutting planet-warming gases by 2020, not by 2050 as some have suggested, so businesses can get a clearer signal on actions they need to take to fight global warming, the UN's top climate change official sai

Published 03 Mar, 2008 12:00am

Language problems seen with anti-migraine drug

Language problems seen with anti-migraine drug

Migraine patients taking Topiramate, a drug used to stave off the debilitating headaches may experience disturbances in language, according to a recent report.

Published 03 Mar, 2008 12:00am

Indian herb may help diabetics control blood sugar

Indian herb may help diabetics control blood sugar

An extract of Coccinia indica, a perennial herb that grows abundantly in India, may help people with mild type 2 diabetes control their blood sugar levels, the results of a new study suggest.

Published 03 Mar, 2008 12:00am

Scientists track the motion of Arctic ice

Scientists track the motion of Arctic ice

Scientists have found a way to track the motion of Arctic ice during summers using the Earth Observing System's Advanced Microwave Scanning Radiometer (AMSR-E) on the Aqua satellite.

Published 03 Mar, 2008 12:00am

New fish species found

New fish species found

Australian scientists announced the discovery of a new species of freshwater fish on February 26, two decades after it was sighted in a disused uranium mine in the outback Northern Territory.

Published 03 Mar, 2008 12:00am

Aspirin may not prevent second stroke in 20 percent cases

Aspirin may not prevent second stroke in 20 percent cases

Aspirin doesn't help in preventing second stroke in 20 percent of the cases, say researchers. The study of sciences found that up to 20 percent of patients taking aspirin to lower the risk of suffering a second cerebrovascular event do not have an antipla

Published 03 Mar, 2008 12:00am

Breast cancer gene carriers need dual screening

Breast cancer gene carriers need dual screening

Among women with BRCA1 gene mutations, which are known to increase the risk of breast cancer, annual screening with both mammography and MRI is associated with better survival when compared with screening with either method alone, new research indicates.

Published 03 Mar, 2008 12:00am

Vitamin E use may raise tuberculosis risk in smokers

Vitamin E use may raise tuberculosis risk in smokers

The use of vitamin E supplements appears to increase the risk of tuberculosis in some middle-aged smokers, according to a study in the British Journal of Nutrition.

Published 03 Mar, 2008 12:00am

Global Warming threat increases

Global Warming threat increases

A new study has revealed that global warming is twice as lethal as previously believed. According to a report in New Scientist, the study, carried out by Mark Jacobson at Stanford University in California, reveals that air pollution associated with elevat

Published 03 Mar, 2008 12:00am

Japanese firm creates fake soil

Japanese firm creates fake soil

Japanese brewer Suntory Ltd. said on February 25 it had created an alternative to soil to help keep cities green, eyeing a growing market amid the battle against climate change.

Published 03 Mar, 2008 12:00am

UK may tax plastic shopping bags

UK may tax plastic shopping bags

Prime Minister Gordon Brown warned retailers on February 29 they have to start charging shoppers for plastic bags or the government will step in to force them. The warning comes a day after Marks & Spencer said it would start charging food shoppers five p

Published 03 Mar, 2008 12:00am

Antarctic boulders may point to sea level rise

Antarctic boulders may point to sea level rise

Boulders as big as soccer balls show that a thinning of West Antarctic glaciers has become 20 times faster in recent decades and may hold clues to future sea level rise, scientists said. Rocks trapped in glacier ice start to react like clockwork when expo

Published 03 Mar, 2008 12:00am

Bangladesh could be middle-income country by 2020: ADB

Bangladesh could be middle-income country by 2020: ADB

Bangladesh, one of the world's poorest nations, could become a middle-income country by 2020 by using its own resources and building a stable infrastructure, an Asian Development Bank official said on Sunday.

Published 03 Mar, 2008 12:00am

French business lobby risks splits over fund scandal

French business lobby risks splits over fund scandal

France's business lobby risks acrimonious infighting after the employers' confederation MEDEF on Sunday called for a shake-up of the powerful UIMM metal industry federation which is at the centre of a funding scandal.

Published 03 Mar, 2008 12:00am

China migrant labourers learn the law to win rights

China migrant labourers learn the law to win rights

Qi Yunhui didn't even graduate from middle school, but on a recent afternoon he addressed the Shenzhen Intermediate People's Court with the confidence of a seasoned litigator.

Published 03 Mar, 2008 12:00am

Doha trade deal still 'doable': WTO chief

Doha trade deal still 'doable': WTO chief

The Doha round of world trade talks could still be concluded by year's end, the head of the World Trade Organisation said Saturday, despite a European warning of a "high risk of failure."

Published 03 Mar, 2008 12:00am

Airbus says pressured by dollar despite US deal

Airbus says pressured by dollar despite US deal

Aerospace firm EADS's German Airbus unit must seek additional savings due to the weak dollar, despite being boosted by a big contract awarded by the US Air Force, Chief Executive Thomas Enders said in an interview with Berlin daily Der Tagespiegel.

Published 03 Mar, 2008 12:00am

China faces WTO case over financial news

China faces WTO case over financial news

The European Union and the United States have decided to launch a joint case against China at the World Trade Organisation over how Beijing regulates foreign financial information providers, three people familiar with the issue said on Sunday.

Published 03 Mar, 2008 12:00am

Virgin Mobile in India with Tata Teleservices

Virgin Mobile in India with Tata Teleservices

Virgin Mobile, a unit of British communications group Virgin Media, has launched youth-focused services in India through telecom operator Tata Teleservices, officials from the companies said on Sunday.

Published 03 Mar, 2008 12:00am

Kuwait cost of living scheme to cost $3.7 billion

Kuwait cost of living scheme to cost $3.7 billion

Kuwait will spend over 1 billion dinars ($3.7 billion) on a cost of living allowance scheme for its citizens working in the public and private sectors to offset spiralling inflation, the state news agency KUNA said.

Published 03 Mar, 2008 12:00am

German technology show CeBIT goes green

German technology show CeBIT goes green

With efforts to fight climate change growing apace around the world, the IT industry is also doing its bit, as the world's largest technology fair starting next week in Germany aims to show.

Published 03 Mar, 2008 12:00am

Somali troops raid three radio stations

Somali troops raid three radio stations

Somali forces closed down three radio stations during raids in search of suspected Islamist insurgents on Sunday, the stations' directors said. Troops moved against the independent stations a day after a gunfight in Mogadishu's central market between insu

Published 03 Mar, 2008 12:00am

Spain arrests two suspected ETA members

Spain arrests two suspected ETA members

Spanish police said they arrested two suspected members of Basque separatist group ETA on Sunday, both of whom figured on the 'most wanted' police list of ETA activists.

Published 03 Mar, 2008 12:00am

Taiwan's presidential polls: opposition candidate widens lead

Taiwan's presidential polls: opposition candidate widens lead

With the presidential vote barely three weeks away, Taiwan's nationalist Kuomintang (KMT) party candidate Ma Ying-jeou has widened his lead over rival Frank Hsieh of the ruling party, a poll said Sunday.

Published 03 Mar, 2008 12:00am

Mugabe election rival accuses him of buying votes

Mugabe election rival accuses him of buying votes

Presidential hopeful Simba Makoni on Sunday accused Zimbabwean leader Robert Mugabe of buying votes ahead of the March 29 election and said intimidation would not stop his supporters voting.

Published 03 Mar, 2008 12:00am

Burundi says rebels ready to move on peace deal

Burundi says rebels ready to move on peace deal

Burundi said on Sunday that leaders of the rebel Forces for National Liberation (FNL) would return to the central African nation by May to finalise a peace deal signed in September 2006. Talks on the peace agreement were suspended last July when FNL membe

Published 03 Mar, 2008 12:00am

Yemen sleepwalks into water nightmare

Yemen sleepwalks into water nightmare

Black-clad women trudge across a stony plateau in the Yemeni highlands to haul water in yellow plastic cans from wells that will soon dry up. "We come here three or four times a day," says Adiba Sena, as another woman draws water six metres (20 feet) to t

Published 03 Mar, 2008 12:00am

Gaddafi says cabinet fails to enrich Libya, must go

Gaddafi says cabinet fails to enrich Libya, must go

Libyan leader Muammar Gaddafi urged a sweeping reform of government on Sunday, saying most of the cabinet system should be dismantled as it had failed to manage the north Africa's country's windfall oil earnings.

Published 03 Mar, 2008 12:00am

Ugandan town enjoys northern neighbour's peace

Ugandan town enjoys northern neighbour's peace

A few years ago, the northern Ugandan town of Gulu was dusty and depressed and its streets were lined with thousands of children seeking overnight sanctuary from attacks by the rebel Lord's Resistance Army.

Published 03 Mar, 2008 12:00am

Senior East Timor rebel soldier surrenders

Senior East Timor rebel soldier surrenders

A senior East Timorese rebel soldier accused of being involved in last month's attacks on the tiny country's president and prime minister, surrendered on Sunday. Amaro da Costa, who handed in two automatic weapons when he surrendered, said he had taken pa

Published 03 Mar, 2008 12:00am

Bangladesh to let politician go abroad for treatment

Bangladesh to let politician go abroad for treatment

Bangladesh's army-backed government has given Abdul Jalil, the detained general secretary of the Awami League, permission to go abroad for a month for medical treatment, a senior prison official said on Sunday.

Published 03 Mar, 2008 12:00am

Indian police to probe into murder of Briton

Indian police to probe into murder of Briton

Authorities in India are investigating whether a British girl could have been raped and killed in the coastal state of Goa last month after the victim's parents demanded a more thorough look at the case.

Published 03 Mar, 2008 12:00am

Partly Facetious: intelligent rats leave sinking ships

Partly Facetious: intelligent rats leave sinking ships

"I was amazed at what the loyalist said?"

Published 03 Mar, 2008 12:00am

KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (March 02, 2008).

Published 03 Mar, 2008 12:00am

Bank:- BANK ALFALAH LIMITED - Analysis of Financial Statements Financial Year 2004-Q2003 2007

Bank:- BANK ALFALAH LIMITED - Analysis of Financial Statements Financial Year 2004-Q2003 2007

Bank Alfalah Limited was incorporated on 21 June 1997 as a public limited company under the Companies Ordinance 1984.

Published 03 Mar, 2008 12:00am

Bank:- BANK ALFALAH LIMITED - Analysis of Financial Statements Financial Year 2004-Q2003 2007

Bank:- BANK ALFALAH LIMITED - Analysis of Financial Statements Financial Year 2004-Q2003 2007

Bank Alfalah Limited was incorporated on 21 June 1997 as a public limited company under the Companies Ordinance 1984.

Published 03 Mar, 2008 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (03rd March 2008).

Published 03 Mar, 2008 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (03rd March 2008).

Published 03 Mar, 2008 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (03rd March 2008).

Published 03 Mar, 2008 12:00am

Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 25 to March 01, 2008).

Published 03 Mar, 2008 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (July To December 2007)

Returns on Profit and Loss Sharing Investment Bank Accounts (July To December 2007)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 03 Mar, 2008 12:00am

The Weather

The Weather

The weather report on Sunday (March 02, 2008) and the forecast for Monday (March 03, 2008).

Published 03 Mar, 2008 12:00am

President and Prime Minister condemn suicide attack in Darra Adamkhel

President and Prime Minister condemn suicide attack in Darra Adamkhel

President Pervez Musharraf and caretaker Prime Minister Mohammedmian Soomro have strongly condemned the suicide attack on the peace Jirga at Zargon Khel in Darra Adamkhel on Sunday. They in their separate messages expressed deep sense of shock and grief o

Published 03 Mar, 2008 12:00am

47 killed in suicide attack on jirga

47 killed in suicide attack on jirga

At least 47 people were killed and scores more were injured when a suicide bomber attacked a jirga meeting in Darra Adam Khel near Peshawar on Sunday, officials said. A top government official in the tribal region told Reuters that the bomber detonated a

Published 03 Mar, 2008 12:00am

47 killed in suicide attack on jirga

47 killed in suicide attack on jirga

At least 47 people were killed and scores more were injured when a suicide bomber attacked a jirga meeting in Darra Adam Khel near Peshawar on Sunday, officials said. A top government official in the tribal region told Reuters that the bomber detonated a

Published 03 Mar, 2008 12:00am

Manmohan discusses with Azad impact of Pakistan elections

Manmohan discusses with Azad impact of Pakistan elections

Indian Prime Minister Manmohan Singh has discussed with IHK Chief Minister Ghulam Nabi Azad impact of Pakistan's elections on the region and implementation of the recommendations of working groups on Kashmir.

Published 03 Mar, 2008 12:00am

Rs 102 million rise in CFS investment

Rs 102 million rise in CFS investment

Investment under CFS at the Karachi share market last week increased by Rs 102 million, or 19 bps, and remained near its upper cap at Rs 54.4 billion. "The upward movement indicates increased investor willingness to undertake fresh leveraged positions", a

Published 03 Mar, 2008 12:00am

Wax items sale on the rise

Wax items sale on the rise

The sale of various wax items meant for providing lighting during load shedding has gone up by almost three times owing to its high demand due to frequent power outages in the city. But, the quality of the wax products especially candles have downed.

Published 03 Mar, 2008 12:00am

People rejected dictatorial forces in polls: Shahbaz

People rejected dictatorial forces in polls: Shahbaz

PML-N President Shahbaz Sharif has said the people have totally rejected dictatorial forces in the February 18 general election and buried the PML(Q). "Our nomination papers were accepted in 2002, but rejected in 2007 general elections, due to well-netted

Published 03 Mar, 2008 12:00am

Kamal visits under construction projects

Kamal visits under construction projects

City Nazim Karachi, Syed Mustafa Kamal has directed the Works and Services department to further speed up the work on development projects particularly complete the under-construction bridges, flyovers and roads immediately so that transport problems are

Published 03 Mar, 2008 12:00am

Saudi embassy in Beirut received threats: ambassador

Saudi embassy in Beirut received threats: ambassador

Saudi Arabia's warning to its citizens to leave Lebanon, issued this weekend, was based on threats received by its embassy in Beirut, the Saudi ambassador said on Sunday. "We have received information on dozens of threats and these threats are continuing,

Published 03 Mar, 2008 12:00am

Gunmen destroy mobile phone tower in Afghan south

Gunmen destroy mobile phone tower in Afghan south

Gunmen have destroyed two mobile telephone towers in southern Afghanistan, a police officer said on Sunday, after Taliban insurgents warned operators to shut networks at night or face attacks.

Published 03 Mar, 2008 12:00am

World urges end to Gaza violence

World urges end to Gaza violence

The White House on Sunday led calls for an end to violence in Gaza where a massive Israeli assault has killed scores of Palestinians, provoking international outrage and accusations of war crimes.

Published 03 Mar, 2008 12:00am

Oscar winner Cotillard backs 9/11 conspiracy theories

Oscar winner Cotillard backs 9/11 conspiracy theories

French actress Marion Cotillard, who picked up an Oscar for best actress in Hollywood last week, has admitted to having doubts about the official version of the September 11 attacks in the US.

Published 03 Mar, 2008 12:00am

Pir Pagro 'refuses' to meet Shujaat

Pir Pagro 'refuses' to meet Shujaat

Chief of Pakistan Muslim League-Functional (PML-F) and spiritual leader of Hurs, Pir Pagro, has refused to meet with PML-Q President Chaudhry Shujaat Hussain. Chaudhry Shujaat Hussain visited Karachi on Sunday and tried to meet with Pir Pagro, but he gave

Published 03 Mar, 2008 12:00am

Pir Pagro 'refuses' to meet Shujaat

Pir Pagro 'refuses' to meet Shujaat

Chief of Pakistan Muslim League-Functional (PML-F) and spiritual leader of Hurs, Pir Pagro, has refused to meet with PML-Q President Chaudhry Shujaat Hussain. Chaudhry Shujaat Hussain visited Karachi on Sunday and tried to meet with Pir Pagro, but he gave

Published 03 Mar, 2008 12:00am

Two killed in firing on mini-bus

Two killed in firing on mini-bus

Two persons were killed and two injured when unruly people of a funeral procession opened fire on a mini-bus in Pirabad area of Qasba Colony here Sunday. According to reports one Aamir Shahzad had got injured on Saturday while resisting snatching of his m

Published 03 Mar, 2008 12:00am

FBR communication consultant joins SECP

FBR communication consultant joins SECP

The communication consultant of the Federal Board of Revenue (FBR) has joined the Securities and Exchange Commission of Pakistan (SECP) on completion of the assignment at the board. Sources told Business Recorder on Sunday that Communications Consu

Published 03 Mar, 2008 12:00am

Protest against blasphemous caricatures held

Protest against blasphemous caricatures held

The protest against the blasphemous caricatures is still going on all over the country. Now the Christian society also joins hands in this protest. A protest conference was held in Phil Gospel Church here on Sunday.

Published 03 Mar, 2008 12:00am

Depressed sentiment on LSE

Depressed sentiment on LSE

Sentiment stayed depressed on the Lahore share market during the preceding week, as people took to profit-taking in most of key shares, thumping the week-long winning streak which stated after general elections.

Published 03 Mar, 2008 12:00am

Depressed sentiment on LSE

Depressed sentiment on LSE

Sentiment stayed depressed on the Lahore share market during the preceding week, as people took to profit-taking in most of key shares, thumping the week-long winning streak which stated after general elections.

Published 03 Mar, 2008 12:00am

Aitzaz Ahsan released

Aitzaz Ahsan released

Supreme Court Bar President Chaudhry Aitzaz Ahsan has said that Justice Iftikhar Muhammad Chaudhry is the Chief Justice of Pakistan and "we have to get him reinstated by all means". He said that the lawyers' community had postponed their long march, but i

Published 03 Mar, 2008 12:00am

Aitzaz Ahsan released

Aitzaz Ahsan released

Supreme Court Bar President Chaudhry Aitzaz Ahsan has said that Justice Iftikhar Muhammad Chaudhry is the Chief Justice of Pakistan and "we have to get him reinstated by all means". He said that the lawyers' community had postponed their long march, but i

Published 03 Mar, 2008 12:00am

Presidency hatching conspiracies: Chaudhry Nisar

Presidency hatching conspiracies: Chaudhry Nisar

Pakistan Muslim League-N on Sunday accused the Presidency of hatching conspiracy against those political parties who emerged as larger parties with heavy mandate in the February 18 elections.

Published 03 Mar, 2008 12:00am

Musharraf created turmoil with US dictated policies: Nawaz

Musharraf created turmoil with US dictated policies: Nawaz

Nawaz Sharif has said that President Pervez Musharraf has acted on US policies in the last eight years and created turmoil and lawlessness in the country rather than providing relief to the citizens of Pakistan.

Published 03 Mar, 2008 12:00am

Nawaz accuses Musharraf of trying to thwart coalition

Nawaz accuses Musharraf of trying to thwart coalition

Former premier Nawaz Sharif has accused President Pervez Musharraf of trying to "drive a wedge" between his PML-N and the PPP in a bid to thwart the formation of a coalition government by the two parties.

Published 03 Mar, 2008 12:00am

Nawaz accuses Musharraf of trying to thwart coalition

Nawaz accuses Musharraf of trying to thwart coalition

Former premier Nawaz Sharif has accused President Pervez Musharraf of trying to "drive a wedge" between his PML-N and the PPP in a bid to thwart the formation of a coalition government by the two parties.

Published 03 Mar, 2008 12:00am

FBR backing Indian buses import despite Delhi''s reluctance

FBR backing Indian buses import despite Delhi''s reluctance

The Federal Board of Revenue (FBR) is said to be supporting import of Indian goods despite strong opposition by the domestic industry and knowing that New Delhi is reluctant to remove non-tariff barriers for Pakistani goods, sources told Business Recor

Published 03 Mar, 2008 12:00am

FBR backing Indian buses import despite Delhi's reluctance

The Federal Board of Revenue (FBR) is said to be supporting import of Indian goods despite strong opposition by the domestic industry and knowing that New Delhi is reluctant to remove non-tariff barriers for Pakistani goods, sources told Business Recor
Published 03 Mar, 2008 12:00am

FBR backing Indian buses import despite Delhi's reluctance

The Federal Board of Revenue (FBR) is said to be supporting import of Indian goods despite strong opposition by the domestic industry and knowing that New Delhi is reluctant to remove non-tariff barriers for Pakistani goods, sources told Business Recor
Published 03 Mar, 2008 12:00am

Mills audit to bring entire sugar chain into tax net

The audit of sugar mills will help broaden the tax base, bringing the entire sugar chain, including dealers and distributors into the tax net.
Published 03 Mar, 2008 12:00am

Mills audit to bring entire sugar chain into tax net

The audit of sugar mills will help broaden the tax base, bringing the entire sugar chain, including dealers and distributors into the tax net.
Published 03 Mar, 2008 12:00am

Mills audit to bring entire sugar chain into tax net

The audit of sugar mills will help broaden the tax base, bringing the entire sugar chain, including dealers and distributors into the tax net.
Published 03 Mar, 2008 12:00am

Rs 102 million rise in CFS investment

Investment under CFS at the Karachi share market last week increased by Rs 102 million, or 19 bps, and remained near its upper cap at Rs 54.4 billion. "The upward movement indicates increased investor willingness to undertake fresh leveraged positions", a
Published 03 Mar, 2008 12:00am

Rs 102 million rise in CFS investment

Investment under CFS at the Karachi share market last week increased by Rs 102 million, or 19 bps, and remained near its upper cap at Rs 54.4 billion. "The upward movement indicates increased investor willingness to undertake fresh leveraged positions", a
Published 03 Mar, 2008 12:00am

Rs 102 million rise in CFS investment

Investment under CFS at the Karachi share market last week increased by Rs 102 million, or 19 bps, and remained near its upper cap at Rs 54.4 billion. "The upward movement indicates increased investor willingness to undertake fresh leveraged positions", a
Published 03 Mar, 2008 12:00am

Chavez sends tanks to Colombia border in dispute

Venezuela President Hugo Chavez ordered tank battalions to the Colombian border and mobilised warplanes on Sunday after Colombian troops struck inside another of its neighbours, Ecuador, in an attack on rebels.
Published 03 Mar, 2008 12:00am

Abbas suspends talks with Israel

Palestinian President Mahmoud Abbas suspended peace negotiations with Israel on Sunday, demanding it end a Gaza offensive that has killed more than 100 Palestinians, many of them civilians.
Published 03 Mar, 2008 12:00am

Five dead as boat capsizes: three missing

At least five people drowned and three others are missing as a launch carrying 28 people capsized in the open sea in Ibrahim Haidery. According to sources two crewmen and 26 people from at least two families, who were out to celebrate a picnic party, were
Published 03 Mar, 2008 12:00am

Five dead as boat capsizes: three missing

At least five people drowned and three others are missing as a launch carrying 28 people capsized in the open sea in Ibrahim Haidery. According to sources two crewmen and 26 people from at least two families, who were out to celebrate a picnic party, were
Published 03 Mar, 2008 12:00am

European banks borrow heavily to fund lending: BIS

European banks, unlike their US counterparts, borrowed heavily from other banks to fund a spurt in lending to companies in the run-up to a global credit crunch, the Bank for International Settlements said. The scale of borrowing may have exacerbated the c
Published 03 Mar, 2008 12:00am

European banks borrow heavily to fund lending: BIS

European banks, unlike their US counterparts, borrowed heavily from other banks to fund a spurt in lending to companies in the run-up to a global credit crunch, the Bank for International Settlements said. The scale of borrowing may have exacerbated the c
Published 03 Mar, 2008 12:00am

European banks borrow heavily to fund lending: BIS

European banks, unlike their US counterparts, borrowed heavily from other banks to fund a spurt in lending to companies in the run-up to a global credit crunch, the Bank for International Settlements said. The scale of borrowing may have exacerbated the c
Published 03 Mar, 2008 12:00am

Chavez sends tanks to Colombia border in dispute

Venezuela President Hugo Chavez ordered tank battalions to the Colombian border and mobilised warplanes on Sunday after Colombian troops struck inside another of its neighbours, Ecuador, in an attack on rebels.
Published 03 Mar, 2008 12:00am

Annual Sindh government debt servicing swells to Rs 1.5 billion

The Sindh Government is paying around Rs 1.5 billion per year as loan interest to the international financial institutions on the debts received. The official sources in Sindh Finance department told Business Recorder that the provincial government
Published 03 Mar, 2008 12:00am

Annual Sindh government debt servicing swells to Rs 1.5 billion

The Sindh Government is paying around Rs 1.5 billion per year as loan interest to the international financial institutions on the debts received. The official sources in Sindh Finance department told Business Recorder that the provincial government
Published 03 Mar, 2008 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / May 9

281.75

USD PKR Interbank Buying / May 9

281.50

USD to Japanese Yen / May 9

145.37

USD to Swiss Franc / May 9

0.83

Pound Sterling to USD / May 9

1.33

Euro to USD / May 9

1.12

UK LIBOR % / May 9

4.96

Stock Volume

S&P 500 / May 9

5,659.91

India Sensex / May 9

79,454.47

Tokyo Nikkei / May 9

37,503.33

Nasdaq / May 9

17,928.92

Hang Seng / May 9

22,867.74

FTSE 100 / May 9

8,554.80

Dow Jones / May 9

41,249.38

Germany DAX 30 / May 9

23,499.32

France CAC40 / May 9

7,743.75

Item Value

Crude Oil USD/Barrel / May 9

61.02

Karachi Cotton PKR/37.32 KG / May 9

16,985

Gold 10 Grams PKR / May 9

300,840

Gold Spot USD/Ounce / May 9

3,324.98

Cotton US¢/pound / May 9

66.61

Petrol/Litre / May 11

252.63

Diesel/Litre / May 11

256.64

Gainers
Losers
Leaders

Stock Price

First AL-Noor Mod. / May 9

First Al-Noor Modaraba(FANM)

3

▲ 0.67 (28.76%)

Premier Insurance / May 9

Premier Insurance Limited(PINL)

5.15

▲ 0.72 (16.25%)

Escorts Bank / May 9

Escorts Investment Bank Limited(ESBL)

5.98

▲ 0.83 (16.12%)

Parmount Sp. / May 9

Paramount Spinning Mills Limited(PASM)

3.22

▲ 0.41 (14.59%)

UDL International / May 9

UDL International Limited(UDLI)

7.10

▲ 0.85 (13.6%)

Abdullah Shah / May 9

Abdullah Shah Ghazi Sugar Mills Limited(AGSML)

5.44

▲ 0.65 (13.57%)

Chenab Ltd (Pref) / May 9

Chenab Limited (Pref)(CLCPS)

2.05

▲ 0.23 (12.64%)

LSE Capital / May 9

LSE Capital Limited(LSECL)

4.39

▲ 0.48 (12.28%)

Cnergyico PK / May 9

Cnergyico PK Limited(CNERGY)

6.42

▲ 0.7 (12.24%)

D.S. Ind. Ltd. / May 9

D.S. Industries Limited(DSIL)

3.90

▲ 0.41 (11.75%)

Stock Price

Cyan Limited / May 9

Cyan Limited(CYAN)

27.05

▼ -5.03 (-15.68%)

Burj Clean Energy Modaraba / May 9

Burj Clean Energy Modaraba(GEM)(GEMBCEM)

7.11

▼ -1 (-12.33%)

Universal Ins. / May 9

The Universal Insurance Company Limited(UVIC)

8.25

▼ -1 (-10.81%)

Sally Textile / May 9

Sally Textile Mills Limited(SLYT)

7.14

▼ -0.86 (-10.75%)

Jubilee Spinning / May 9

Jubilee Spinning & Weaving Mills Ltd.(JUBS)

8.43

▼ -0.95 (-10.13%)

At-Tahur Ltd. / May 9

At-Tahur Limited(PREMA)

42.57

▼ -4.73 (-10%)

Khyber Tobacco / May 9

Khyber Tobacco Company Limited(KHTC)

342.26

▼ -38.03 (-10%)

Dewan Mushtaq / May 9

Dewan Mushtaq Textile Mills Limited(DMTM)

9.29

▼ -1.03 (-9.98%)

PIA Holding Co.Ltd / May 9

PIA Holding Company Limited(PIAHCLA)

12.23

▼ -1.35 (-9.94%)

First Elite Cap.Mod / May 9

First Elite Capital Modaraba(FECM)

18.44

▼ -2 (-9.78%)

Stock Volume

WorldCall Telecom / May 9

Worldcall Telecom Limited(WTL)

47,087,025

▲ 0.06

Cnergyico PK / May 9

Cnergyico PK Limited(CNERGY)

33,590,475

▲ 0.7

Sui South Gas / May 9

Sui Southern Gas Company Limited(SSGC)

29,288,646

▼ -1.53

B.O.Punjab / May 9

The Bank of Punjab(BOP)

18,310,598

▲ 0.44

Pak Refinery / May 9

Pakistan Refinery Limited(PRL)

15,347,121

▲ 0.3

PIA Holding Co.Ltd / May 9

PIA Holding Company Limited(PIAHCLA)

14,961,675

▼ -1.35

Sui North Gas / May 9

Sui Northern Gas Pipelines Limited(SNGP)

14,847,660

▲ 5.69

K-Electric Ltd. / May 9

K-Electric Limited(KEL)

14,463,181

▲ 0.09

Maple Leaf Cement / May 9

Maple Leaf Cement Factory Limited(MLCF)

13,544,491

▲ 2.45

Kohinoor Spining / May 9

Kohinoor Spinning Mills Limited(KOSM)

13,517,642

▲ 0.05

Markets →

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Pakistan Electricity Review 2025 launched

Pakistan’s steel maker activates 6.4MW solar plant at Karachi plant

Gold prices lower further

Inefficiencies hiking capacity charges highlighted

NJLI Sarmaya Growth Fund Rates

Operation ‘Bunyan ul Marsoos’: Pakistan destroys Udhampur airbase, Pathankot airfield in India, state media reports

Federal budget 2025-26: Cut in taxation rates for salaried people likely

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FBR issues SRO to amend Income Tax Rules 2002

Gold price per tola declines Rs1,800 in Pakistan

Trump says Pakistan, India have agreed to a ceasefire

Global militaries to study Pakistan-India fighter jet battle

No meeting of National Command Authority scheduled: defence minister

NJLI Sarmaya Growth Fund Rates

FBR issues SRO to amend Income Tax Rules 2002

Pakistan’s steel maker activates 6.4MW solar plant at Karachi plant

Global militaries to study Pakistan-India fighter jet battle

KSE-100 rebounds after historic plunge; IMF board meeting adds to investor focus

Gold price per tola declines Rs1,800 in Pakistan

Operation ‘Bunyan ul Marsoos’: Pakistan destroys Udhampur airbase, Pathankot airfield in India, state media reports

Imports & exports: Leading shipping co imposes war risk surcharge

Federal budget 2025-26: Cut in taxation rates for salaried people likely

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