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Print - 2008-04-15
1.5 million tons shortage in wheat production anticipated

1.5 million tons shortage in wheat production anticipated

The government on Monday said that it was anticipating 1.5 million tons decline in wheat production in this season as compared to last year, flashing another alarm light for poor who are already struggling because of a worsening flour crisis.
Published 15 Apr, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Apr, 2008 12:00am
Dr Noor elected PPA-NWFP president

Dr Noor elected PPA-NWFP president

Dr Noor Mohammad Shah has been elected as the president of the Pakistan Pharmacists Association (PPA), NWFP. The PPA elections for the year 2008-10 were held in Peshawar and Malakand University simultaneously. A large number of registered pharmacy graduat
Published 15 Apr, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (April 14, 2008).

Published 15 Apr, 2008 12:00am
Tariff concessions on energy conservation products' import likely

Tariff concessions on energy conservation products' import likely

The government is likely to offer tariff concessions on the import of energy conservation products like geysers/burners for effectively dealing with the crises. This was decided at a high level meeting held to review National Energy Conservation under the
Published 15 Apr, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Apr, 2008 12:00am
Election petition: DRO, RO of NA-25 Tank summoned

Election petition: DRO, RO of NA-25 Tank summoned

A three-member bench of the Supreme Court on Monday summoned District Returning Officer (DRO) and Returning Officer (RO) of NA-25 Tank on April 22 for disobeying its directives on not issuing votes recounting report. The bench adjourned the hearing of an
Published 15 Apr, 2008 12:00am
Supreme Court dismisses petition of Akhtar Mengal

Supreme Court dismisses petition of Akhtar Mengal

A three-member bench of the Supreme Court Monday dismissed the petition of Sardar Akhtar Mengal, former Chief Minister of Balochistan, against Presiding Officer Anti Terrorism Court No V, Karachi for initiating case against him by separating his case file
Published 15 Apr, 2008 12:00am
Workers hit hard by rising inflation

Workers hit hard by rising inflation

It has become almost impossible for the poor and daily wagers to make both ends meet already being hit by high inflation as thousands of skilled and unskilled workers have become deprived of their source of income because of slowdown of the construction i
Published 15 Apr, 2008 12:00am
By-elections for eight NA, 30 PA seats on June 3

By-elections for eight NA, 30 PA seats on June 3

The Election Commission (EC) on Monday announced that by-elections on eight National Assembly and 30 Provincial Assemblies seats will be held on June 3 with filing of nomination papers from April 15. While unveiling the schedule, the Chief Election Commis
Published 15 Apr, 2008 12:00am
By-elections for eight NA, 30 PA seats on June 3

By-elections for eight NA, 30 PA seats on June 3

The Election Commission (EC) on Monday announced that by-elections on eight National Assembly and 30 Provincial Assemblies seats will be held on June 3 with filing of nomination papers from April 15. While unveiling the schedule, the Chief Election Commis
Published 15 Apr, 2008 12:00am
Excise, sales tax collectors empowered to conduct audit

Excise, sales tax collectors empowered to conduct audit

The Collectors of sales tax and federal excise are empowered to conduct audit of registered persons as per national audit plan guidelines. Sources told Business Recorder on Monday that it is mandatory for collectors to carry out audit of different
Published 15 Apr, 2008 12:00am
Excise, sales tax collectors empowered to conduct audit

Excise, sales tax collectors empowered to conduct audit

The Collectors of sales tax and federal excise are empowered to conduct audit of registered persons as per national audit plan guidelines. Sources told Business Recorder on Monday that it is mandatory for collectors to carry out audit of different
Published 15 Apr, 2008 12:00am
Excise, sales tax collectors empowered to conduct audit

Excise, sales tax collectors empowered to conduct audit

The Collectors of sales tax and federal excise are empowered to conduct audit of registered persons as per national audit plan guidelines. Sources told Business Recorder on Monday that it is mandatory for collectors to carry out audit of different
Published 15 Apr, 2008 12:00am
China eyes steep export tariff on fertiliser

China eyes steep export tariff on fertiliser

China may slap an export tariff of 135 percent on phosphate fertilisers and 100 percent on urea nitrogen, creating concern about prices in an already tight market, UBS said on Monday in a research report.
Published 15 Apr, 2008 12:00am
China eyes steep export tariff on fertiliser

China eyes steep export tariff on fertiliser

China may slap an export tariff of 135 percent on phosphate fertilisers and 100 percent on urea nitrogen, creating concern about prices in an already tight market, UBS said on Monday in a research report.
Published 15 Apr, 2008 12:00am
China eyes steep export tariff on fertiliser

China eyes steep export tariff on fertiliser

China may slap an export tariff of 135 percent on phosphate fertilisers and 100 percent on urea nitrogen, creating concern about prices in an already tight market, UBS said on Monday in a research report.
Published 15 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Monday (April 14, 2008).

Published 15 Apr, 2008 12:00am
Kabul persuading Islamabad for wheat procurement

Kabul persuading Islamabad for wheat procurement

The Afghan government is reported to be persuading Pakistan for procuring wheat after the Food and Agriculture Organisation (FAO) has placed Afghanistan on top of the first three countries that would face severe food shortage, well-placed sources in Forei
Published 15 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Monday (April 14, 2008).

Published 15 Apr, 2008 12:00am
Kabul persuading Islamabad for wheat procurement

Kabul persuading Islamabad for wheat procurement

The Afghan government is reported to be persuading Pakistan for procuring wheat after the Food and Agriculture Organisation (FAO) has placed Afghanistan on top of the first three countries that would face severe food shortage, well-placed sources in Forei
Published 15 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Monday (April 14, 2008).

Published 15 Apr, 2008 12:00am
Kabul persuading Islamabad for wheat procurement

Kabul persuading Islamabad for wheat procurement

The Afghan government is reported to be persuading Pakistan for procuring wheat after the Food and Agriculture Organisation (FAO) has placed Afghanistan on top of the first three countries that would face severe food shortage, well-placed sources in Forei
Published 15 Apr, 2008 12:00am
Probe ordered into sale of government quarters in Karachi

Probe ordered into sale of government quarters in Karachi

Federal Minister for Housing and Works Rehmatullah Kakar on Monday ordered an inquiry into Rs 4.5 trillion illegal and unauthorised sale of government owned 3051 residential units by the occupants of the quarters in Karachi and suspended two Estate Office
Published 15 Apr, 2008 12:00am
Probe ordered into sale of government quarters in Karachi

Probe ordered into sale of government quarters in Karachi

Federal Minister for Housing and Works Rehmatullah Kakar on Monday ordered an inquiry into Rs 4.5 trillion illegal and unauthorised sale of government owned 3051 residential units by the occupants of the quarters in Karachi and suspended two Estate Office
Published 15 Apr, 2008 12:00am
KPT to sell costly tugboat as scrap

KPT to sell costly tugboat as scrap

The national exchequer would have to bear a loss of millions of rupees as the Karachi Port Trust (KPT) has no option other than selling a tugboat off after at least three-years'' failed attempts to repair the vessel. The country''s leading port operator h
Published 15 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 14, 2008).

Published 15 Apr, 2008 12:00am
KPT to sell costly tugboat as scrap

KPT to sell costly tugboat as scrap

The national exchequer would have to bear a loss of millions of rupees as the Karachi Port Trust (KPT) has no option other than selling a tugboat off after at least three-years' failed attempts to repair the vessel. The country's leading port operator has
Published 15 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 14, 2008).

Published 15 Apr, 2008 12:00am
KPT to sell costly tugboat as scrap

KPT to sell costly tugboat as scrap

The national exchequer would have to bear a loss of millions of rupees as the Karachi Port Trust (KPT) has no option other than selling a tugboat off after at least three-years' failed attempts to repair the vessel. The country's leading port operator has
Published 15 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 14, 2008).

Published 15 Apr, 2008 12:00am
Billionaire Berlusconi wins Italian elections

Billionaire Berlusconi wins Italian elections

Self-made billionaire Silvio Berlusconi won a third term as Italian prime minister on Monday after his centre-left rival Walter Veltroni conceded defeat. "As is the custom in all Western democracies, I telephoned Berlusconi to acknowledge his victory and
Published 15 Apr, 2008 12:00am
Billionaire Berlusconi wins Italian elections

Billionaire Berlusconi wins Italian elections

Self-made billionaire Silvio Berlusconi won a third term as Italian prime minister on Monday after his centre-left rival Walter Veltroni conceded defeat. "As is the custom in all Western democracies, I telephoned Berlusconi to acknowledge his victory and
Published 15 Apr, 2008 12:00am
Four die as building collapses

Four die as building collapses

Four people died and several others injured on Monday when a three-storey building collapsed in Badami Bagh. Those who perished were Adnan, Younas Butt, Muhammad Waheed and Syed Abdul Qadir. Rescue teams were removing rubble with more bodies buried under
Published 15 Apr, 2008 12:00am
Four die as building collapses

Four die as building collapses

Four people died and several others injured on Monday when a three-storey building collapsed in Badami Bagh. Those who perished were Adnan, Younas Butt, Muhammad Waheed and Syed Abdul Qadir. Rescue teams were removing rubble with more bodies buried under
Published 15 Apr, 2008 12:00am
Dar promises hard work to address grim economic situation

Dar promises hard work to address grim economic situation

Finance Minister Ishaq Dar has said that after having released a balance sheet of the grim economic situation left behind by the previous government he will now get on with "fire fighting and damage control" to try and turn it around.
Published 15 Apr, 2008 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (April 14, 2008).
Published 15 Apr, 2008 12:00am
HBFC signs legal papers of Rs 1.5 billion Sukuk issue

HBFC signs legal papers of Rs 1.5 billion Sukuk issue

House Building Finance Corporation (HBFC) Monday signed the legal documents of its Rs 1.5 billion (first tranche) Sukuk issue. The Sukuk has been subscribed by a diverse investors base, comprising Institutions including NBFC's lslamic Commercial Bank, Isl
Published 15 Apr, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (April 14, 2008).

Published 15 Apr, 2008 12:00am
HBFC signs legal papers of Rs 1.5 billion Sukuk issue

HBFC signs legal papers of Rs 1.5 billion Sukuk issue

House Building Finance Corporation (HBFC) Monday signed the legal documents of its Rs 1.5 billion (first tranche) Sukuk issue. The Sukuk has been subscribed by a diverse investors base, comprising Institutions including NBFC's lslamic Commercial Bank, Isl
Published 15 Apr, 2008 12:00am
Troops open fire to stop flour smuggling: army

Troops open fire to stop flour smuggling: army

Border guards opened fire on people trying to smuggle wheat flour into Afghanistan amid a domestic shortage of the staple, but there were no casualties, the military said. The country's flour shortage has been attributed to smuggling into Afghanistan wher
Published 15 Apr, 2008 12:00am
Troops open fire to stop flour smuggling: army

Troops open fire to stop flour smuggling: army

Border guards opened fire on people trying to smuggle wheat flour into Afghanistan amid a domestic shortage of the staple, but there were no casualties, the military said. The country's flour shortage has been attributed to smuggling into Afghanistan wher
Published 15 Apr, 2008 12:00am
Textile exports' share down to 48.6 percent in February

Textile exports' share down to 48.6 percent in February

The share of the textile exports in overall exports of the country in February 2008 decreased to 48.6 percent from 64.5 percent in February 2007, according to a source in the Federal Ministry of Textile.
Published 15 Apr, 2008 12:00am
Bangladesh and India train service resumes after 43 years

Bangladesh and India train service resumes after 43 years

Passenger trains began rolling between Bangladesh (former East Pakistan) and India on Monday, resuming a service, which was suspended more than four decades ago due to a war between India and Pakistan.
Published 15 Apr, 2008 12:00am
Bangladesh and India train service resumes after 43 years

Bangladesh and India train service resumes after 43 years

Passenger trains began rolling between Bangladesh (former East Pakistan) and India on Monday, resuming a service, which was suspended more than four decades ago due to a war between India and Pakistan.
Published 15 Apr, 2008 12:00am
Bangladesh and India train service resumes after 43 years

Bangladesh and India train service resumes after 43 years

Passenger trains began rolling between Bangladesh (former East Pakistan) and India on Monday, resuming a service, which was suspended more than four decades ago due to a war between India and Pakistan.
Published 15 Apr, 2008 12:00am
Mixed trend on ISE

Mixed trend on ISE

Mixed trend was observed at the Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs under the lead of trend-setters amid decrease in index. ISE-10 Index was down by 1.29 points from 3,293.76 to 3,292.47 points. The overall turnov
Published 15 Apr, 2008 12:00am
Mixed trend on ISE

Mixed trend on ISE

Mixed trend was observed at the Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs under the lead of trend-setters amid decrease in index. ISE-10 Index was down by 1.29 points from 3,293.76 to 3,292.47 points. The overall turnov
Published 15 Apr, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (April 14, 2008).

Published 15 Apr, 2008 12:00am
Banks see benefits to college of supervisors plan

Banks see benefits to college of supervisors plan

Big banks welcome a decision by G7 policymakers to set up "colleges of supervisors" to track them more closely but caution that success will depend on US reforms and how well regulators work together.
Published 15 Apr, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (April 14, 2008).
Published 15 Apr, 2008 12:00am
Interest rate rise likely

Interest rate rise likely

The last time Pakistan's annual inflation was more than the 14 percent recorded in March, the country's official interest rates were a lot higher than they are today. That means the State Bank of Pakistan is left with little choice but to raise interest r
Published 15 Apr, 2008 12:00am
Rice prices hit all time high

Rice prices hit all time high

The rice markets of country in the growing provinces of Punjab and Sindh witnessed historic increase in prices of this commodity on Monday as the Super Basmati rice new crop was traded at Rs 2700 per 40 kg (excluding cost of bardana) at Narowal (the main
Published 15 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 Monday (April 14, 2008).

Published 15 Apr, 2008 12:00am
BRIndex30 gains 10.68 points

BRIndex30 gains 10.68 points

On Monday, BRIndex30 opened at 16,822.03 with a downward gap of 80.84 points. It closed at 16,913.55 with a net positive change of 10.68 points and percentage change of 0.06. It recorded intra-day high of 17,022.99 and intra-day low of 16,822.03.
Published 15 Apr, 2008 12:00am
BRIndex30 gains 10.68 points

BRIndex30 gains 10.68 points

On Monday, BRIndex30 opened at 16,822.03 with a downward gap of 80.84 points. It closed at 16,913.55 with a net positive change of 10.68 points and percentage change of 0.06. It recorded intra-day high of 17,022.99 and intra-day low of 16,822.03.
Published 15 Apr, 2008 12:00am
Stock market rangebound

Stock market rangebound

The Karachi share market witnessed a rangebound session on Monday with the KSE-100 index oscillating between 15,482.84 points intra-day high and 15,369.86 points intra-day low levels as the investors took cautious stance following failure of MQM/PPP power
Published 15 Apr, 2008 12:00am
Stock market rangebound

Stock market rangebound

The Karachi share market witnessed a rangebound session on Monday with the KSE-100 index oscillating between 15,482.84 points intra-day high and 15,369.86 points intra-day low levels as the investors took cautious stance following failure of MQM/PPP power
Published 15 Apr, 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 Monday (April 14, 2008).

Published 15 Apr, 2008 12:00am
Stock market rangebound

Stock market rangebound

The Karachi share market witnessed a rangebound session on Monday with the KSE-100 index oscillating between 15,482.84 points intra-day high and 15,369.86 points intra-day low levels as the investors took cautious stance following failure of MQM/PPP power
Published 15 Apr, 2008 12:00am