Print - 2008-03-14
Pak-Qatar Takaful, UBL Funds sign agreement

Pak-Qatar Takaful, UBL Funds sign agreement

UBL Fund Managers and Pak-Qatar Family Takaful signed an agreement that will provide all investors of UBL Funds Islamic Investment Plans with Shariah Compliant Accidental and Medical Takaful Coverage. The agreement was signed by Mir Muhammad Ali, CEO UBL
Published 14 Mar, 2008 12:00am
SBP chief for initiating corporate governance in banks

SBP chief for initiating corporate governance in banks

State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has said Pakistan is the leader in implementing and practising corporate governance in South Asia, but admitted the country still needs to catch up with the developed countries where best global cor
Published 14 Mar, 2008 12:00am
President respects mandate of people: Rashid

President respects mandate of people: Rashid

President Pervez Musharraf fully respects the mandate given to the new parliament by the people and will work with them for the betterment of the country, his spokesman said. Reacting to reports about talks between the Presidency and various political par
Published 14 Mar, 2008 12:00am
President respects mandate of people: Rashid

President respects mandate of people: Rashid

President Pervez Musharraf fully respects the mandate given to the new parliament by the people and will work with them for the betterment of the country, his spokesman said. Reacting to reports about talks between the Presidency and various political par
Published 14 Mar, 2008 12:00am
Vested interests politicising water issue: Shamsul Mulk

Vested interests politicising water issue: Shamsul Mulk

Limited vision and vested interests have politicised the critical issue of water that is now leading to its scarcity putting the very existence of human beings in danger, says NWFP caretaker Chief Minister Shamsul Mulk.
Published 14 Mar, 2008 12:00am
Vested interests politicising water issue: Shamsul Mulk

Vested interests politicising water issue: Shamsul Mulk

Limited vision and vested interests have politicised the critical issue of water that is now leading to its scarcity putting the very existence of human beings in danger, says NWFP caretaker Chief Minister Shamsul Mulk.
Published 14 Mar, 2008 12:00am
Vested interests politicising water issue: Shamsul Mulk

Vested interests politicising water issue: Shamsul Mulk

Limited vision and vested interests have politicised the critical issue of water that is now leading to its scarcity putting the very existence of human beings in danger, says NWFP caretaker Chief Minister Shamsul Mulk.
Published 14 Mar, 2008 12:00am
Jurisdictions of sales tax officials notified

Jurisdictions of sales tax officials notified

The Federal Board of Revenue has notified powers and jurisdictions of sales tax officials in Regional Tax Offices of Multan and Quetta for dealing with the registered units. The board issued two notifications on Thursday to implement the decision.
Published 14 Mar, 2008 12:00am
Jurisdictions of sales tax officials notified

Jurisdictions of sales tax officials notified

The Federal Board of Revenue has notified powers and jurisdictions of sales tax officials in Regional Tax Offices of Multan and Quetta for dealing with the registered units. The board issued two notifications on Thursday to implement the decision.
Published 14 Mar, 2008 12:00am
Jurisdictions of sales tax officials notified

Jurisdictions of sales tax officials notified

The Federal Board of Revenue has notified powers and jurisdictions of sales tax officials in Regional Tax Offices of Multan and Quetta for dealing with the registered units. The board issued two notifications on Thursday to implement the decision.
Published 14 Mar, 2008 12:00am
Jurisdictions of sales tax officials notified

Jurisdictions of sales tax officials notified

The Federal Board of Revenue has notified powers and jurisdictions of sales tax officials in Regional Tax Offices of Multan and Quetta for dealing with the registered units. The board issued two notifications on Thursday to implement the decision.
Published 14 Mar, 2008 12:00am
LPG prices down by Rs 50 per cylinder

LPG prices down by Rs 50 per cylinder

Following the end of winter season, the liquefied petroleum gas (LPG) marketing companies have dropped the prices by Rs 50 per cylinder, resulting in fall of retail prices to Rs 58 per kilogram. According to spokesman for LPG marketing companies Belal Jab
Published 14 Mar, 2008 12:00am
LPG prices down by Rs 50 per cylinder

LPG prices down by Rs 50 per cylinder

Following the end of winter season, the liquefied petroleum gas (LPG) marketing companies have dropped the prices by Rs 50 per cylinder, resulting in fall of retail prices to Rs 58 per kilogram. According to spokesman for LPG marketing companies Belal Jab
Published 14 Mar, 2008 12:00am
LPG prices down by Rs 50 per cylinder

LPG prices down by Rs 50 per cylinder

Following the end of winter season, the liquefied petroleum gas (LPG) marketing companies have dropped the prices by Rs 50 per cylinder, resulting in fall of retail prices to Rs 58 per kilogram. According to spokesman for LPG marketing companies Belal Jab
Published 14 Mar, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 Mar, 2008 12:00am
Tarp linked with IT policy, ITMS implementation

Tarp linked with IT policy, ITMS implementation

Timely completion of the Tax Administration Reforms Programme of the Federal Board of Revenue by December 2009 has been linked with the implementation of new IT policy and integrated tax management system at the reformed units.
Published 14 Mar, 2008 12:00am
Tarp linked with IT policy, ITMS implementation

Tarp linked with IT policy, ITMS implementation

Timely completion of the Tax Administration Reforms Programme of the Federal Board of Revenue by December 2009 has been linked with the implementation of new IT policy and integrated tax management system at the reformed units.
Published 14 Mar, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (March 13, 2008).

Published 14 Mar, 2008 12:00am
Tarp linked with IT policy, ITMS implementation

Tarp linked with IT policy, ITMS implementation

Timely completion of the Tax Administration Reforms Programme of the Federal Board of Revenue by December 2009 has been linked with the implementation of new IT policy and integrated tax management system at the reformed units.
Published 14 Mar, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 14 Mar, 2008 12:00am
Suicide bomb attacks hit tourism industry

Suicide bomb attacks hit tourism industry

Suicide bomb attacks have badly hit the tourism sector and turned the government's "Visit Pakistan Year " into "Leave Pakistan Year."
Published 14 Mar, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Mar, 2008 12:00am
Efforts being made to ensure economic stability: SBP

Efforts being made to ensure economic stability: SBP

State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has said that national economy is facing ups and downs and is under great mess due to certain reasons. Addressing a reception, hosted in her honour by Hilbro Limited, a leading local surgical indust
Published 14 Mar, 2008 12:00am
Amnesty presses Pakistan lawmakers to restore rights

Amnesty presses Pakistan lawmakers to restore rights

Amnesty International called Thursday on Pakistani lawmakers to take action to restore rights suspended since a state of emergency last year, when parliament meets next week. In a report entitled "Repairing the damage: ensuring robust human rights safegua
Published 14 Mar, 2008 12:00am
Amnesty presses Pakistan lawmakers to restore rights

Amnesty presses Pakistan lawmakers to restore rights

Amnesty International called Thursday on Pakistani lawmakers to take action to restore rights suspended since a state of emergency last year, when parliament meets next week. In a report entitled "Repairing the damage: ensuring robust human rights safegua
Published 14 Mar, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (March 13, 2008).

Published 14 Mar, 2008 12:00am
THE RUPEE: dollar 12 paisa down

THE RUPEE: dollar 12 paisa down

The rupee gained 12 paisa against the dollar in the interbank market on Thursday in process of slight improvement versus the US currency for buying and selling at 62.74 and 62.76, experts said.
Published 14 Mar, 2008 12:00am
WTO clears air for Doha round ministerial

WTO clears air for Doha round ministerial

Top trade talks nations agreed the mechanics of how to seal a deal in the long-running Doha round on Thursday, a key advance if ministers are to meet next month to approve an outline deal, a senior trade official said.
Published 14 Mar, 2008 12:00am
THE RUPEE: dollar 12 paisa down

THE RUPEE: dollar 12 paisa down

The rupee gained 12 paisa against the dollar in the interbank market on Thursday in process of slight improvement versus the US currency for buying and selling at 62.74 and 62.76, experts said.
Published 14 Mar, 2008 12:00am
WTO clears air for Doha round ministerial

WTO clears air for Doha round ministerial

Top trade talks nations agreed the mechanics of how to seal a deal in the long-running Doha round on Thursday, a key advance if ministers are to meet next month to approve an outline deal, a senior trade official said.
Published 14 Mar, 2008 12:00am
WTO clears air for Doha round ministerial

WTO clears air for Doha round ministerial

Top trade talks nations agreed the mechanics of how to seal a deal in the long-running Doha round on Thursday, a key advance if ministers are to meet next month to approve an outline deal, a senior trade official said.
Published 14 Mar, 2008 12:00am
Five buses set on fire in Karachi

Five buses set on fire in Karachi

As many as five buses were set on fire by unidentified people in different areas of the city on late Thursday night, Aaj TV reported. According to the report some unidentified people burnt two passengers' buses in Nasir Colony and Korangi areas. Wh
Published 14 Mar, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 13, 2008).

Published 14 Mar, 2008 12:00am
Five buses set on fire in Karachi

Five buses set on fire in Karachi

As many as five buses were set on fire by unidentified people in different areas of the city on late Thursday night, Aaj TV reported. According to the report some unidentified people burnt two passengers' buses in Nasir Colony and Korangi areas. Wh
Published 14 Mar, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 13, 2008).

Published 14 Mar, 2008 12:00am
Rs 10.3 billion collected in February: LTU Karachi

Rs 10.3 billion collected in February: LTU Karachi

The Large Taxpayer Unit (LTU) Karachi, while meeting its target set for February 2008, has collected Rs 10.388 billion taxes from its registered taxpayers during last month. The unit has posted 96 percent growth in the direct tax collection during Februar
Published 14 Mar, 2008 12:00am
Muttahida urged to respect freedom of expression

Muttahida urged to respect freedom of expression

Political groups, especially Muttahida Qaumi Movement (MQM), should recognise the right of freedom of expression and avoid to harass and torture the people, who try to record their protest outside the Karachi Press Club (KPC).
Published 14 Mar, 2008 12:00am
Jamali meets Halepota

Jamali meets Halepota

Former Prime Minister Mir Zafarullah Khan Jamali, on Thursday met caretaker Sindh Chief Minister former justice Abdul Qadir Halepota at Chief Minister House and had an exchange of views on various issues. On the occasion, Chief Minister said that caretake
Published 14 Mar, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 13, 2008).

Published 14 Mar, 2008 12:00am
Transfers and postings in Sindh

Transfers and postings in Sindh

Sindh government has ordered some transfers and postings in the province with immediate effect. Accordingly, Saeed Ahmed Awan, an officer of Ex-PCS (BS-19), Director Industries Sindh has been transferred and posted as DCO Ghotki, in his own pay and scale,
Published 14 Mar, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (March 13, 2008) and for Friday (March 14, 2008).
Published 14 Mar, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 13, 2008).

Published 14 Mar, 2008 12:00am
Three-day capacity building training workshop held

Three-day capacity building training workshop held

The Zila Nazim, Hyderabad, Kanwar Naveed Jamil has announced to introduce another capacity building training programme for the members of Zila Council at national institutions of all the provinces to strengthen their public service capabilities.
Published 14 Mar, 2008 12:00am
Judges reinstatement: media urged to pinpoint rumour-mongers

Judges reinstatement: media urged to pinpoint rumour-mongers

Presidential spokesman Major General Rashid Qureshi (Retd) on Thursday urged media to pinpoint rumour-mongers persistently issuing baseless and unfounded news stories without even confirming these from the presidency.
Published 14 Mar, 2008 12:00am
PML-Q parliamentary party meeting on March 17

PML-Q parliamentary party meeting on March 17

President Pakistan Muslim League-Q Chaudhry Shujaat Hussain has convened its parliamentary party meeting on March 17 at Parliament House to hammer out its future line of action in the House.
Published 14 Mar, 2008 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 14 Mar, 2008 12:00am
Bilal assumes charge as Commandant of Signals Corps

Bilal assumes charge as Commandant of Signals Corps

The Chief of Army Staff, General Ashfaq Parvez Kayani installed Major General Ahmed Bilal as the Colonel Commandant of the Corps of Signals in an impressive but simple ceremony, at General Headquarters signals Battalion ground, Rawalpindi on Thursday.
Published 14 Mar, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (March 13, 2008) and the forecast for Friday (March 14, 2008).
Published 14 Mar, 2008 12:00am
ICAEW launching ACA Top-up Programme

ICAEW launching ACA Top-up Programme

The Institute of Chartered Accountants in England and Wales (ICAEW) is launching its ACA Top-up Programme for the Institute of Chartered Accountants of Pakistan (ICAP) members in Pakistan, in terms of recently signed Memorandum of Understanding (MoU) betw
Published 14 Mar, 2008 12:00am
Edhi concerned over Lahore blasts

Edhi concerned over Lahore blasts

Abdul Sattar Edhi has expressed concern over the twin suicide attacks in Lahore. Speaking at a press conference here at the Lahore Press Club, Edhi said, "after hearing the tragic incident, I have come here to meet the injured people."
Published 14 Mar, 2008 12:00am
'PML-Q promoted tolerance, honesty brotherhood'

'PML-Q promoted tolerance, honesty brotherhood'

Pakistan Muslim League-Quaid-e-Azam Secretary General Chaudhry Zaheeruddin Khan has praised his own party, saying it has served the public and promoted tolerance, honesty and brotherhood in politics.
Published 14 Mar, 2008 12:00am
CME's buy of NYMEX should soon go-ahead

CME's buy of NYMEX should soon go-ahead

Analysts who follow the two largest US futures marts are braced for word within days that CME Group has finalised terms of a deal to swallow New York Mercantile Exchange parent NYMEX Holdings Inc. "Most people feel pretty comfortable that it will go throu
Published 14 Mar, 2008 12:00am
Tin hits above $20,000 record mark

Tin hits above $20,000 record mark

Tin extended recent gains to hit a record high above $20,000 per tonne on Thursday and copper was steady but seen vulnerable to a sell-off as investors focused on the possibility of recession in the United States. Three-months copper futures at the London
Published 14 Mar, 2008 12:00am
Gold touches all-time peak in Europe

Gold touches all-time peak in Europe

Spot gold prices hit an all-time peak in Europe on Thursday as a dollar slump and inflation fears prompted investors to look for safe-haven assets. Spot gold rose as high as $999.90 an ounce before easing slightly to trade at $992.80/993.70 at 1615 GMT, c
Published 14 Mar, 2008 12:00am
US MIDDAY: cocoa soars to 28-year high

US MIDDAY: cocoa soars to 28-year high

Cocoa futures trading on ICE Futures US surged nearly 5 percent to a 28-year high early Thursday on heavy support from the strong sterling and fund buying, traders said. Arabica coffee futures were also firm on the weak dollar.
Published 14 Mar, 2008 12:00am
US MIDDAY: sugar gains

US MIDDAY: sugar gains

ICE raw sugar futures gained ground early Thursday, buoyed by speculative short-covering tied to further weakness in the US dollar and stronger crude prices, brokers said. "With the dollar off and crude up, we're finding some support," said one floor deal
Published 14 Mar, 2008 12:00am
US MIDDAY: wheat rises

US MIDDAY: wheat rises

All three US wheat futures markets rallied early Thursday amid a broad-based rally in commodities, with Chicago and Kansas City bouncing back from weak opens, traders said. Minneapolis wheat was strong from the start, underpinned by a tight supply of high
Published 14 Mar, 2008 12:00am
US MIDDAY: corn up

US MIDDAY: corn up

CBOT corn futures were up over 2 percent early on Thursday following soaring crude oil and gold to record highs as the dollar tumbled to record lows, traders said. Fund buying boosted the corn market and at 10:20 am CDT (1520 GMT), CBOT corn was up 5 to 1
Published 14 Mar, 2008 12:00am
US MIDDAY: soyabeans rally

US MIDDAY: soyabeans rally

Chicago Board of Trade soyabean futures rallied early Thursday amid spillover buying from the strength in soyaoil and the New York crude oil market which was trading over $110 per barrel, traders said. May soyabeans were up 23 cents at $14.18 a bushel by
Published 14 Mar, 2008 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

US copper futures drifted to a softer close on Thursday as concerns about the red metal's future demand prospects capped earlier dollar-inspired gains, traders said.
Published 14 Mar, 2008 12:00am
US MIDDAY: gold crosses $1,000 mark

US MIDDAY: gold crosses $1,000 mark

US gold futures surged above the historic $1,000 mark on Thursday, as a record-low dollar and inflation fears due to crude oil rising to all-time highs prompted investors to enter the bullion market.
Published 14 Mar, 2008 12:00am
Rising trade deficit

Rising trade deficit

News from the external sector of the economy continue to be discouraging. According to the latest data released by the Federal Bureau of Statistics (FBS), Pakistan's trade deficit ballooned to $12.433 billion in the first eight months (July-February, 2008
Published 14 Mar, 2008 12:00am