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Print - 2008-04-09
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Apr, 2008 12:00am
Rs 625 per 40kg: ECC approves wheat price

Rs 625 per 40kg: ECC approves wheat price

The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved Rs 625 wheat procurement price announced by the Prime Minister last month and directed the provinces to immediately implement the new price to discourage hoarding that plunged th
Published 09 Apr, 2008 12:00am
Rs 625 per 40kg: ECC approves wheat price

Rs 625 per 40kg: ECC approves wheat price

The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved Rs 625 wheat procurement price announced by the Prime Minister last month and directed the provinces to immediately implement the new price to discourage hoarding that plunged th
Published 09 Apr, 2008 12:00am
Rs 625 per 40kg: ECC approves wheat price

Rs 625 per 40kg: ECC approves wheat price

The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved Rs 625 wheat procurement price announced by the Prime Minister last month and directed the provinces to immediately implement the new price to discourage hoarding that plunged th
Published 09 Apr, 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 Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Shamshad urges government to take corrective measures

Shamshad urges government to take corrective measures

Governor State Bank (SBP) Dr Shamshad Akhtar has urged the new government to take corrective measures on the economy. Well-placed sources told Business Recorder that during the Economic Coordination Committee (ECC) meeting there was a disagreement
Published 09 Apr, 2008 12:00am
Shamshad urges government to take corrective measures

Shamshad urges government to take corrective measures

Governor State Bank (SBP) Dr Shamshad Akhtar has urged the new government to take corrective measures on the economy. Well-placed sources told Business Recorder that during the Economic Coordination Committee (ECC) meeting there was a disagreement
Published 09 Apr, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 08, 2008).
Published 09 Apr, 2008 12:00am
Shamshad urges government to take corrective measures

Shamshad urges government to take corrective measures

Governor State Bank (SBP) Dr Shamshad Akhtar has urged the new government to take corrective measures on the economy. Well-placed sources told Business Recorder that during the Economic Coordination Committee (ECC) meeting there was a disagreement
Published 09 Apr, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
KSE-100 index sets record high

KSE-100 index sets record high

The Karachi share market on Tuesday started on a negative note and the KSE-100 index hit 15,371.09 points intra-day low level, down by 97.65 points. However, finally it managed to close in the positive zone at 15,474.07 points, with a marginal gain of 4.3
Published 09 Apr, 2008 12:00am
KSE-100 index sets record high

KSE-100 index sets record high

The Karachi share market on Tuesday started on a negative note and the KSE-100 index hit 15,371.09 points intra-day low level, down by 97.65 points. However, finally it managed to close in the positive zone at 15,474.07 points, with a marginal gain of 4.3
Published 09 Apr, 2008 12:00am
KSE-100 index sets record high

KSE-100 index sets record high

The Karachi share market on Tuesday started on a negative note and the KSE-100 index hit 15,371.09 points intra-day low level, down by 97.65 points. However, finally it managed to close in the positive zone at 15,474.07 points, with a marginal gain of 4.3
Published 09 Apr, 2008 12:00am
BRIndex30 gains 22.67 points

BRIndex30 gains 22.67 points

On Tuesday, the BRIndex30 opened at 17,053.78 with a downward gap of 72.34 points. It closed at 17,148.79 with a net positive change of 22.67 points and percentage change of 0.13. It recorded intra-day high of 17,237.86 and low of 16,958.25.
Published 09 Apr, 2008 12:00am
BRIndex30 gains 22.67 points

BRIndex30 gains 22.67 points

On Tuesday, the BRIndex30 opened at 17,053.78 with a downward gap of 72.34 points. It closed at 17,148.79 with a net positive change of 22.67 points and percentage change of 0.13. It recorded intra-day high of 17,237.86 and low of 16,958.25.
Published 09 Apr, 2008 12:00am
Leak at heavy water site kills two

Leak at heavy water site kills two

A gas leak killed two people on Tuesday at a heavy water plant run by the Atomic Energy Agency in Punjab, a spokesman for the Agency said. The leak at the Khushab heavy water plant took place during its annual maintenance. The plant was closed at the time
Published 09 Apr, 2008 12:00am
Leak at heavy water site kills two

Leak at heavy water site kills two

A gas leak killed two people on Tuesday at a heavy water plant run by the Atomic Energy Agency in Punjab, a spokesman for the Agency said. The leak at the Khushab heavy water plant took place during its annual maintenance. The plant was closed at the time
Published 09 Apr, 2008 12:00am
Nuclear command to stay unchanged: foreign office

Nuclear command to stay unchanged: foreign office

The command and control system for Pakistan's nuclear weapons will stay unchanged under the country's new government, made up of opponents of President Pervez Musharraf, an official said on Tuesday. The nuclear arsenal is overseen by a National Command Au
Published 09 Apr, 2008 12:00am
Nuclear command to stay unchanged: foreign office

Nuclear command to stay unchanged: foreign office

The command and control system for Pakistan's nuclear weapons will stay unchanged under the country's new government, made up of opponents of President Pervez Musharraf, an official said on Tuesday. The nuclear arsenal is overseen by a National Command Au
Published 09 Apr, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Mixed sentiment prevailed at Lahore Stock Exchange on Tuesday where equities moved both ways amid selling pressure because of untoward incident which occurred in the Sindh Assembly on Monday.
Published 09 Apr, 2008 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Mixed sentiment prevailed at Lahore Stock Exchange on Tuesday where equities moved both ways amid selling pressure because of untoward incident which occurred in the Sindh Assembly on Monday.
Published 09 Apr, 2008 12:00am
Bullish trend on ISE

Bullish trend on ISE

Equities showed healthy signs at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings under the lead of hot favourite amid increase in index. ISE-10 Index was plus by 6.16 points, as it moved from 3,282.38 to 3,276.22 points.
Published 09 Apr, 2008 12:00am
Bullish trend on ISE

Bullish trend on ISE

Equities showed healthy signs at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings under the lead of hot favourite amid increase in index. ISE-10 Index was plus by 6.16 points, as it moved from 3,282.38 to 3,276.22 points.
Published 09 Apr, 2008 12:00am
Japan keeps up pressure on US in WTO dumping case

Japan keeps up pressure on US in WTO dumping case

Japan kept up pressure on the United States on Tuesday over a controversial method used by Washington to deal with unfairly priced imports. Japan is asking a World Trade Organisation panel to rule on whether the United States has complied with previous ru
Published 09 Apr, 2008 12:00am
China cuts foreign exchange loan quota

China cuts foreign exchange loan quota

China has cut this year's overall quota of foreign currency loans over one year that foreign banks may extend, as part of a campaign to rein in excessive credit growth.
Published 09 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Minister asks Ogra to frame new LPG safety laws

Minister asks Ogra to frame new LPG safety laws

Petroleum Minister Muhammad Asif on Tuesday asked the Oil and Gas Regulatory Authority (Ogra) to frame new laws to ensure safety in handling and use of liquid petroleum gas (LPG). He was addressing an LPG exhibition organised here by the Ministry of Petro
Published 09 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Shaukat held responsible for economic crisis

Shaukat held responsible for economic crisis

Things have gone worse for Shaukat Aziz, as Economic Co-ordination Committee (ECC) on Tuesday held him responsible for economic crisis and strongly supported the proposal of summoning him back for questioning for his government's controversial decisions.
Published 09 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Sea, dry ports: effective mechanism to check withholding tax evasion

Sea, dry ports: effective mechanism to check withholding tax evasion

The collectors of customs would put in place an effective mechanism at sea/dry ports to verify tax exemption certificates for checking withholding tax evasion on the clearance of imported consignments. Sources said on Tuesday that (FBR) system allowing ex
Published 09 Apr, 2008 12:00am
Strong banking system must for vibrant economy: Prime Minister

Strong banking system must for vibrant economy: Prime Minister

Underlining the importance of a well functioning financial sector for economic stability of the country, Prime Minister Syed Yousaf Raza Gilani has said that a strong banking system is an essential ingredient for a vibrant economy.
Published 09 Apr, 2008 12:00am
Strong banking system must for vibrant economy: Prime Minister

Strong banking system must for vibrant economy: Prime Minister

Underlining the importance of a well functioning financial sector for economic stability of the country, Prime Minister Syed Yousaf Raza Gilani has said that a strong banking system is an essential ingredient for a vibrant economy.
Published 09 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Strong banking system must for vibrant economy: Prime Minister

Strong banking system must for vibrant economy: Prime Minister

Underlining the importance of a well functioning financial sector for economic stability of the country, Prime Minister Syed Yousaf Raza Gilani has said that a strong banking system is an essential ingredient for a vibrant economy.
Published 09 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Factor identified for wheat price-hike

Factor identified for wheat price-hike

A huge difference between the price at which the government agencies buy wheat from growers and sell it to flour mills is mainly instrumental in pushing wheat prices upward, it is observed. The revised procurement price of wheat at Rs 625 per 40-kg has, o
Published 09 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Factor identified for wheat price-hike

Factor identified for wheat price-hike

A huge difference between the price at which the government agencies buy wheat from growers and sell it to flour mills is mainly instrumental in pushing wheat prices upward, it is observed. The revised procurement price of wheat at Rs 625 per 40-kg has, o
Published 09 Apr, 2008 12:00am
Factor identified for wheat price-hike

Factor identified for wheat price-hike

A huge difference between the price at which the government agencies buy wheat from growers and sell it to flour mills is mainly instrumental in pushing wheat prices upward, it is observed. The revised procurement price of wheat at Rs 625 per 40-kg has, o
Published 09 Apr, 2008 12:00am
Nisar, Naek's portfolios reallocated

Nisar, Naek's portfolios reallocated

Prime Minister Syed Yousuf Raza Gilani on Tuesday reallocated the portfolios of two federal ministers, including Chaudhry Nisar Ali Khan and Farooq H. Naek.
Published 09 Apr, 2008 12:00am
Nisar, Naek's portfolios reallocated

Nisar, Naek's portfolios reallocated

Prime Minister Syed Yousuf Raza Gilani on Tuesday reallocated the portfolios of two federal ministers, including Chaudhry Nisar Ali Khan and Farooq H. Naek.
Published 09 Apr, 2008 12:00am
FBR starts exercise to ascertain cumulative value of wealth

FBR starts exercise to ascertain cumulative value of wealth

The Federal Board of Revenue (FBR) has started an exercise to ascertain the cumulative value of wealth in Pakistan for devising a policy for bringing potential sectors in the tax net during the coming budget (2008-2009).
Published 09 Apr, 2008 12:00am
FBR starts exercise to ascertain cumulative value of wealth

FBR starts exercise to ascertain cumulative value of wealth

The Federal Board of Revenue (FBR) has started an exercise to ascertain the cumulative value of wealth in Pakistan for devising a policy for bringing potential sectors in the tax net during the coming budget (2008-2009).
Published 09 Apr, 2008 12:00am
FBR starts exercise to ascertain cumulative value of wealth

FBR starts exercise to ascertain cumulative value of wealth

The Federal Board of Revenue (FBR) has started an exercise to ascertain the cumulative value of wealth in Pakistan for devising a policy for bringing potential sectors in the tax net during the coming budget (2008-2009).
Published 09 Apr, 2008 12:00am
RTO Karachi collects Rs 61 billion during nine months

RTO Karachi collects Rs 61 billion during nine months

The Regional Tax Office (RTO) Karachi has collected Rs 61.445 billion as taxes from its registered taxpayers during the first nine months of the current fiscal year. According to the statistics, the RTO posted a growth of 16 percent in collection as compa
Published 09 Apr, 2008 12:00am
IU, IRM sign agreement

IU, IRM sign agreement

A deed of agreement (DoA) for academic collaboration between Iqra University (IU) and the Institute for Rural Management (IRM) Islamabad was signed here on Tuesday.
Published 09 Apr, 2008 12:00am
Hindu worker beaten to death for 'blasphemy'

Hindu worker beaten to death for 'blasphemy'

Dozens of workers at a factory in Karachi beat to death a Hindu colleague on Tuesday for alleged blasphemy, officials said. Jagdish Kumar, 27, was tortured and killed at the leather factory in Karachi for allegedly making derogatory remarks about the Prop
Published 09 Apr, 2008 12:00am
Swearing-in of 353 Punjab MPAs-elect today

Swearing-in of 353 Punjab MPAs-elect today

A total of 353 legislators, elected to Punjab Assembly in the polls held on February 18, would take oath here on Wednesday. Speaker of the previous assembly Muhammad Afzal Sahi will administer the oath to the legislators. The total strength of Punjab Asse
Published 09 Apr, 2008 12:00am
Major reshuffle in Punjab bureaucracy

Major reshuffle in Punjab bureaucracy

The Punjab government has replaced Punjab Home Secretary on Tuesday, which is part of the current reshuffling of the Punjab bureaucracy. An official at the Punjab Civil Secretariat said Small Industries Corporation Managing Director Nadeem Hassan Asif had
Published 09 Apr, 2008 12:00am
Exchange of business team can boost bilateral trade

Exchange of business team can boost bilateral trade

Pakistan's exports are under tremendous pressure at the moment and it could be eased out if expatriate Pakistanis living in the United Kingdom come forward and join hands with their Pakistani counterparts. This was stated by LCCI President Mohammad Ali Mi
Published 09 Apr, 2008 12:00am
Customs values on air-conditioners import revised

Customs values on air-conditioners import revised

The Directorate General of Customs Valuation, Custom House, Karachi, has revised customs values on the import of split type air conditioners from China, Far East countries excluding Japan for accurate assessment of customs duty.
Published 09 Apr, 2008 12:00am
South Asian Tax Summit from April 15

South Asian Tax Summit from April 15

Income Tax Bar Association Karachi (ITBAK) and Nutshell Forum will organise South Asian Tax Summit at a local hotel on April 15 and 16. Prominent tax professionals from all the Saarc countries will read papers during the different sessions of two day Sout
Published 09 Apr, 2008 12:00am
Pakistan, France to boost military ties

Pakistan, France to boost military ties

Pakistan and France have agreed to accelerate military co-operation between the two countries and offered military courses and training assistance for all the three organs of defence.
Published 09 Apr, 2008 12:00am
1.29 million children vaccinated in Jhang

1.29 million children vaccinated in Jhang

As many as 1.29 million children were vaccinated in the district of Jhang during the anti-measles campaign, said Health Executive District Officer (EDO), Dr Muhammad Ashraf Javed.
Published 09 Apr, 2008 12:00am
Wheat quota of over 70 flour mills suspended

Wheat quota of over 70 flour mills suspended

The Punjab Food Department has suspended the wheat quota for more than 70 flourmills in the province after being found guilty of irregularities. A department spokesman said on Tuesday that this action came after the flour men were found guilty of smugglin
Published 09 Apr, 2008 12:00am
'Consumers Court' starts functioning in Multan

'Consumers Court' starts functioning in Multan

'Consumers Court' has started functioning here in Multan and complaints regarding substandard materials, misleading advertisements, adulterated eatables, unhygienic drinks and food items, and overcharging prices are being entertained under Punjab Consumer
Published 09 Apr, 2008 12:00am
Call to expedite brick-lining of watercourses

Call to expedite brick-lining of watercourses

DCO Muzaffargarh Dr Akhter Nazir Warriach, while terming the brick-lining of watercourses a milestone initiative, has directed concerned officials to expedite the pace of work to ensure earliest relief to farmers. He was addressing a meeting here to revie
Published 09 Apr, 2008 12:00am
Summary for repealing anti-media laws being prepared: Sherry

Summary for repealing anti-media laws being prepared: Sherry

The government is in process of preparing a comprehensive summary for repealing all anti-media laws, said Federal Minister for Information and Broadcasting Sherry Rehman, at a meeting with a six-member-media delegation of France here on Tuesday.
Published 09 Apr, 2008 12:00am
Efforts on to implement Wage Board award for journalists

Efforts on to implement Wage Board award for journalists

The new government has decided to constitute a tripartite commission, comprising government representatives, newspapers owners and journalist unions to find out amicable ways to implement the long -disputed Wage Board Award, official sources told Busin
Published 09 Apr, 2008 12:00am
General Tariq calls on Mukhtar

General Tariq calls on Mukhtar

Defence Minister, Chaudhry Ahmed Mukhtar has said that government would meet every requirement of its armed forces to make defence of the country impregnable. "We will fulfil defence needs of the country on priority basis to keep the frontiers safe and se
Published 09 Apr, 2008 12:00am