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Print - 2008-04-17
EDB asks FBR to reduce WHT to two percent

EDB asks FBR to reduce WHT to two percent

The Engineering Development Board (EDB) has recommended the Federal Board of Revenue to reduce withholding tax from 5 percent to 2 percent on import of raw material for steel industry in the next budget, it was learnt.
Published 17 Apr, 2008 12:00am
No possibility to accredit any foreign official to NCA: foreign office

No possibility to accredit any foreign official to NCA: foreign office

It is not possible for Pakistan to accredit a US official to National Command Authority, however delegations and officials from different countries do meet members of NCA from time to time to have briefing on Nuclear Programme, responded foreign office sp
Published 17 Apr, 2008 12:00am
'Sino-Pak ties guarantee to peace, stability in region'

'Sino-Pak ties guarantee to peace, stability in region'

Foreign Minister Shah Mahmood Qureshi said on Wednesday said the new government would continue focus on improving relations with China, as strong Pakistan-China ties were a guarantee to peace, security and stability in the region.
Published 17 Apr, 2008 12:00am
No plan to replace Iftikhar Chaudhry: Naek

No plan to replace Iftikhar Chaudhry: Naek

The government is not considering any plan to replace deposed chief justice Iftikhar Muhammad Chaudhry after his reinstatement as being suggested by some media reports to replace him by Justice Flak Sher.
Published 17 Apr, 2008 12:00am
Mengal, Mari names excluded from ECL

Mengal, Mari names excluded from ECL

The federal government has updated the Exit Control List (ECL) adding former foreign minister Khurshid Mehmood Kasuri and former chairman of Pakistan International Airlines (PIA) Tariq Kirmani and about one hundred other persons. More than two dozen peopl
Published 17 Apr, 2008 12:00am
Zardari acquitted from Alam Baloch murder case

Zardari acquitted from Alam Baloch murder case

The District and Sessions Judge Hyderabad Farooq Channa has acquitted Pakistan Peoples Party co-chairman Asif Ali Zardari from Muhammad Alam Baloch murder case here on Wednesday. The defence counsel Yousuf Leghari Advocate on Tuesday filed an application
Published 17 Apr, 2008 12:00am
LHC Bar

LHC Bar

A Lahore High Court Bar Association member has told the government to recover the amount written off by banks. Petitioner MD Tahir claims the banks had illegally written off more than Rs 100 billion since 1974 and wants the money deposited in the State Ba
Published 17 Apr, 2008 12:00am
'Eradication of crimes, people-friendly policing system aimed at'

'Eradication of crimes, people-friendly policing system aimed at'

Since the government is keen to improve the internal security, the Interior Ministry and National Police Bureau (NPB) have been tasked to translate the law and order policies of government into reality, said newly appointed Director General of NPB Tariq M
Published 17 Apr, 2008 12:00am
'ANP to announce peace plan for NWFP'

'ANP to announce peace plan for NWFP'

President Awami National Party (ANP) NWFP Afrasiyab Khattak has said that a new plan of peace and reconciliation in NWFP will be tabled before the provincial legislature for debate. The ANP provincial chief was talking to private TV channel after a meetin
Published 17 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
Pakistan and China agree on cooperation in various sectors

Pakistan and China agree on cooperation in various sectors

China has agreed to give Pakistan its full support for development in the sectors of energy, minerals and mining, extending co-operation in monetary sector and co-ordination in communication and transportation.
Published 17 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
Olympic torch relay passes off peacefully

Olympic torch relay passes off peacefully

Pakistan's leg of the Olympic torch relay passed off peacefully behind closed doors and amid heavy security Wednesday, as Australia and India braced for anti-China protests when the flame reaches them.
Published 17 Apr, 2008 12:00am
Police involvement in politics to be ended: Suddle

Police involvement in politics to be ended: Suddle

Inspector General of Police Sindh Shoaib Suddle on Wednesday said that the confidence of people over law enforcement agencies would be restored soon and the people would judge the performance of police. Talking to BBC Radio he said his top priority would
Published 17 Apr, 2008 12:00am
CDA approves allotment of 276 plots for katchi abadies dwellers

CDA approves allotment of 276 plots for katchi abadies dwellers

CDA Board has approved allotment of 276 residential plots for the remaining dwellers of Katchi Abadies of Sector G-8/1. It was decided in the board meeting, held here on Wednesday chaired by the CDA Chairman Kamran Lashari.
Published 17 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
Supply from Gurguri to overcome gas shortage: Hoti

Supply from Gurguri to overcome gas shortage: Hoti

Chief Minister NWFP Ameer Haider Khan Hoti has said that supply of gas from Gurguri gas fields would help overcome the energy problems of the industrialists in the province. He said this while talking to 12-member delegation of All Pakistan Textiles Assoc
Published 17 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
'Construction of dams must to overcome food and power crises'

'Construction of dams must to overcome food and power crises'

The central leader of Tehreek-e-Istiqlal, Rehmat Khan Wardag, while expressing great concern over the electricity and wheat crises in the country, on Wednesday said that construction of five big dams, including Kala Bagh, would not only resolve these prob
Published 17 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
People warned against illegal housing schemes

People warned against illegal housing schemes

The Planning and development Control's Director, Hyderabad Development Authority (HDA), Masood Ahmad Jamili has said that his department has not issued any NOC to the Amass Residency, Qasimabad.
Published 17 Apr, 2008 12:00am
Kamal presents cheques to heirs of April 9 victims

Kamal presents cheques to heirs of April 9 victims

The City Nazim Karachi, Syed Mustafa Kamal, on Wednesday visited the houses of April 9 victims, Haji Altaf, Saeed Akhtar and Basit Mahmood and handed over cheques for Rs 0.2 million each to their heirs.
Published 17 Apr, 2008 12:00am
SNGPL to enhance gas supply to Wapda

SNGPL to enhance gas supply to Wapda

Sui Northern Gas Company Limited (SNGPL) will enhance its gas supply to Wapda to 600 MMCFD (million cubic feet per day) from 321 MMCFD in the next ten days. Talking to a private TV channel, SNGPL M.D. Rashid Lone said that the enhancement of gas supply to
Published 17 Apr, 2008 12:00am
Nafa announces interim distribution

Nafa announces interim distribution

National Fullerton Asset Management Limited (Nafa) is pleased to announce interim distribution on its four funds for the quarter (Jan-Mar, 2008). The quarterly payouts for these funds as per percentage of par value of Rs 10 per unit are as follows: NCF-2.
Published 17 Apr, 2008 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
Nafa announces interim distribution

Nafa announces interim distribution

National Fullerton Asset Management Limited (Nafa) is pleased to announce interim distribution on its four funds for the quarter (Jan-Mar, 2008). The quarterly payouts for these funds as per percentage of par value of Rs 10 per unit are as follows: NCF-2.
Published 17 Apr, 2008 12:00am
Aalami Mushaira to be held on April 30

Aalami Mushaira to be held on April 30

A number of poets from India have confirmed their participation in the 'Aalami Mushaira' to be held in the metropolis on April 30 under the auspices of 'Saakinan-e-Shahar-e-Quaid.' This was announced by a former federal minister, Syed Safwanullah, here on
Published 17 Apr, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
AAML announces interim bonus

AAML announces interim bonus

The Board of Directors of Atlas Asset Management Limited (AAML) have announced an interim bonus for the nine months ended March 31, 2008 for its Atlas Income Fund (AIF). AIF declared an interim bonus of 5 percent of the par value of its units equivalent t
Published 17 Apr, 2008 12:00am
AAML announces interim bonus

AAML announces interim bonus

The Board of Directors of Atlas Asset Management Limited (AAML) have announced an interim bonus for the nine months ended March 31, 2008 for its Atlas Income Fund (AIF). AIF declared an interim bonus of 5 percent of the par value of its units equivalent t
Published 17 Apr, 2008 12:00am
Young Leaders moot to be held in July

Young Leaders moot to be held in July

The School of Leadership, an enterprise with a social mandate of developing the human factor, announced the launch of Young Leaders' Conference (YLC), 2008. Theme for this year's conference is "Bataa Teri Raza Kya Hai?"
Published 17 Apr, 2008 12:00am
Tapal's special treat for women

Tapal's special treat for women

Tapal, the leading tea brands, recently announced the month long activity of its brand Mezban tea in different cities throughout Sindh. The Mezban tea party will be arranged at prominent venues within the cities of Thatta, Jamshoro, Mirpurkhas, Tando Alla
Published 17 Apr, 2008 12:00am
Transfers and postings

Transfers and postings

The Sindh Government has ordered a number of transfers and postings in the province. As per the order, the Chief Inspector of Mines (BS-19) Muhammed Khalid Mirza, holding the post of Director General Mines and Mineral Development has been transferred and
Published 17 Apr, 2008 12:00am
Nawaz and Shahbaz get nomination papers for by-polls

Nawaz and Shahbaz get nomination papers for by-polls

PML-N chief Nawaz Sharif, PML-N President Shahbaz Sharif and his son Hamza Shahbaz got nomination papers to participate in the coming by-elections, here on Wednesday. Nawaz Sharif got the nomination papers from the Returning Officer (RO) to contest the by
Published 17 Apr, 2008 12:00am
NWFP to install solar wood seasoning plants

NWFP to install solar wood seasoning plants

The NWFP Minister for Environment and Forest, Wajid Ali Khan has said that the provincial government will install solar wood seasoning plants at two major timber markets of the Forest Development Corporation (FDC). The plants to be installed at Chakdara (
Published 17 Apr, 2008 12:00am
Pakistan grappling with rising import bill, food shortage

Pakistan grappling with rising import bill, food shortage

After five years of solid growth, Pakistan's economy is facing an import payment crisis and an acute food shortage to feed its ballooning population of 170 million. Finance Minister Ishaq Dar, last week revised the country's expected growth rate to 6 perc
Published 17 Apr, 2008 12:00am
Minister visits population department

Minister visits population department

The Minister for Population Welfare Department Jam Mehtab Dahir visited Provincial Secretariat of Population Welfare Department Sindh on Wednesday, on the occasion Secretary Alam Din Bullo welcomed the minister along with Director General Ghulam Akbar Bhu
Published 17 Apr, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
Fresh tribunal to probe into May 12 mayhem: minister

Fresh tribunal to probe into May 12 mayhem: minister

Sindh Home Minister Dr Zulfikar Mirza said that a committee or a new tribunal would be constituted to probe into the 12th May episode. Replying to newsmen questions at his press conference at Police Head Office on Wednesday, the minister said that investi
Published 17 Apr, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (April 16, 2008).
Published 17 Apr, 2008 12:00am
Lawyers' sacrifices will not go wasted: Mashhood

Lawyers' sacrifices will not go wasted: Mashhood

Punjab Assembly Deputy Speaker Rana Mashhood Ahmed Khan said he would carry out his duties impartially and would not discriminate between members belonging to ruling coalition and opposition. Speaking at a reception held in his honour on Wednesday, he sai
Published 17 Apr, 2008 12:00am
Government's pledge to reinstate judges lauded

Government's pledge to reinstate judges lauded

Pakistan Bar Council, Vice Chairman Mirza Aziz Akbar Baig has welcomed the coalition government's pledge to restore the pre-November 2 judiciary in accordance with its Bhurban declaration. Talking to Business Recorder here on Wednesday, Baig said i
Published 17 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 Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
Former CJ Baghwandas to address LHCBA today

Former CJ Baghwandas to address LHCBA today

Former Chief Justice Baghwandas will address Lahore High Court Bar Association members on Thursday. Lahore Bar Association members will stage a rally on The Mall after their general bodies' meetings against the dismissal of judges. The participants of ral
Published 17 Apr, 2008 12:00am
Services trade deficit up by 40.35 percent till February

Services trade deficit up by 40.35 percent till February

Pakistan''s trade deficit in the services sector surged by $4.223 billion during eight months of the current fiscal year showing 40.35 percent increase over last year''s $3.009 billion. According to the figures released by Federal Bureau of Statistics (FB
Published 17 Apr, 2008 12:00am
Services trade deficit up by 40.35 percent till February

Services trade deficit up by 40.35 percent till February

Pakistan's trade deficit in the services sector surged by $4.223 billion during eight months of the current fiscal year showing 40.35 percent increase over last year's $3.009 billion. According to the figures released by Federal Bureau of Statistics (FBS)
Published 17 Apr, 2008 12:00am
Services trade deficit up by 40.35 percent till February

Services trade deficit up by 40.35 percent till February

Pakistan's trade deficit in the services sector surged by $4.223 billion during eight months of the current fiscal year showing 40.35 percent increase over last year's $3.009 billion. According to the figures released by Federal Bureau of Statistics (FBS)
Published 17 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 Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
Privatisation Commission asked to delay NPCC sell-off

Privatisation Commission asked to delay NPCC sell-off

Federal Privatisation Minister Syed Naveed Qamar has asked the Privatisation Commission to delay the sale process of National Power Construction Company (NPCC) to take more people on board and make sure complete transparency in the transaction.
Published 17 Apr, 2008 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
Privatisation Commission asked to delay NPCC sell-off

Privatisation Commission asked to delay NPCC sell-off

Federal Privatisation Minister Syed Naveed Qamar has asked the Privatisation Commission to delay the sale process of National Power Construction Company (NPCC) to take more people on board and make sure complete transparency in the transaction.
Published 17 Apr, 2008 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (April 16, 2008).

Published 17 Apr, 2008 12:00am
Privatisation Commission asked to delay NPCC sell-off

Privatisation Commission asked to delay NPCC sell-off

Federal Privatisation Minister Syed Naveed Qamar has asked the Privatisation Commission to delay the sale process of National Power Construction Company (NPCC) to take more people on board and make sure complete transparency in the transaction.
Published 17 Apr, 2008 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 17 Apr, 2008 12:00am
Smuggled cars data being collected: FBR

Smuggled cars data being collected: FBR

The Federal Board of Revenue (FBR) is collecting data on the non-duty paid smuggled vehicles lying with the Model Customs Collectorate (MCCs) across the country. Sources told Business Recorder on Wednesday that the board has issued instructions to
Published 17 Apr, 2008 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 17 Apr, 2008 12:00am
Smuggled cars data being collected: FBR

Smuggled cars data being collected: FBR

The Federal Board of Revenue (FBR) is collecting data on the non-duty paid smuggled vehicles lying with the Model Customs Collectorate (MCCs) across the country. Sources told Business Recorder on Wednesday that the board has issued instructions to
Published 17 Apr, 2008 12:00am
Smuggled cars data being collected: FBR

Smuggled cars data being collected: FBR

The Federal Board of Revenue (FBR) is collecting data on the non-duty paid smuggled vehicles lying with the Model Customs Collectorate (MCCs) across the country. Sources told Business Recorder on Wednesday that the board has issued instructions to
Published 17 Apr, 2008 12:00am
US investment sought for coal deposits utilisation

US investment sought for coal deposits utilisation

Minister for Petroleum and Natural Resources Khawaja Muhammad Asif on Wednesday the new government would take concerted steps to develop Thar coal deposits for power generation to meet the challenges of soaring international oil prices and reduce $12 bill
Published 17 Apr, 2008 12:00am
New York cotton

New York cotton

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

Published 17 Apr, 2008 12:00am
US investment sought for coal deposits utilisation

US investment sought for coal deposits utilisation

Minister for Petroleum and Natural Resources Khawaja Muhammad Asif on Wednesday the new government would take concerted steps to develop Thar coal deposits for power generation to meet the challenges of soaring international oil prices and reduce $12 bill
Published 17 Apr, 2008 12:00am