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Print - 2008-04-26
US chides China and Russia for piracy

US chides China and Russia for piracy

Piracy and counterfeiting of American goods remain serious problems in China and Russia, despite some progress in both countries, the US Trade Representative's office said on Friday.
Published 26 Apr, 2008 12:00am
Aitzaz shortlisted among world top 100 public intellectuals

Aitzaz shortlisted among world top 100 public intellectuals

The Foreign Policy (FP) magazine published by the Carnegie Endowment for International Peace, Washington has shortlisted Pakistan's Barrister Aitzaz Ahsan among the world's top 100 Public Intellectuals.
Published 26 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Friday (April 25, 2008).

Published 26 Apr, 2008 12:00am
LSE shares move up

LSE shares move up

The share prices inched up on the Lahore Stock Exchange (LSE) on the last trading day of the week following good buying interest in MCB Bank and some other key scrips taking the market up by 49.43 points.
Published 26 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Friday (April 25, 2008).

Published 26 Apr, 2008 12:00am
LSE shares move up

LSE shares move up

The share prices inched up on the Lahore Stock Exchange (LSE) on the last trading day of the week following good buying interest in MCB Bank and some other key scrips taking the market up by 49.43 points.
Published 26 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Friday (April 25, 2008).

Published 26 Apr, 2008 12:00am
US chides China and Russia for piracy

US chides China and Russia for piracy

Piracy and counterfeiting of American goods remain serious problems in China and Russia, despite some progress in both countries, the US Trade Representative''s office said on Friday.
Published 26 Apr, 2008 12:00am
US chides China and Russia for piracy

US chides China and Russia for piracy

Piracy and counterfeiting of American goods remain serious problems in China and Russia, despite some progress in both countries, the US Trade Representative's office said on Friday.
Published 26 Apr, 2008 12:00am
Judges reinstatement: petition against proposed package dismissed

Judges reinstatement: petition against proposed package dismissed

The Islamabad High Court (IHC) on Friday dismissed the petition seeking to bar parliament from moving resolution for reinstating judges. Justice Sardar Muhammad Aslam, after a brief hearing, termed the petition as non-maintainable, and disposed it of.
Published 26 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (April 25, 2008).

Published 26 Apr, 2008 12:00am
Judges reinstatement: petition against proposed package dismissed

Judges reinstatement: petition against proposed package dismissed

The Islamabad High Court (IHC) on Friday dismissed the petition seeking to bar parliament from moving resolution for reinstating judges. Justice Sardar Muhammad Aslam, after a brief hearing, termed the petition as non-maintainable, and disposed it of.
Published 26 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (April 25, 2008).

Published 26 Apr, 2008 12:00am
Syria ready to cooperate with IAEA

Syria ready to cooperate with IAEA

Syria's UN envoy said Damascus was "not afraid" to cooperate with the UN nuclear watchdog, which pledged on Friday to look into whether Syria secretly built an atomic reactor with North Korean help. "We have close co-operation with the IAEA (International
Published 26 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (April 25, 2008).

Published 26 Apr, 2008 12:00am
Syria ready to cooperate with IAEA

Syria ready to cooperate with IAEA

Syria's UN envoy said Damascus was "not afraid" to cooperate with the UN nuclear watchdog, which pledged on Friday to look into whether Syria secretly built an atomic reactor with North Korean help. "We have close co-operation with the IAEA (International
Published 26 Apr, 2008 12:00am
PML-N to quit government if judges not reinstated: Hashmi

PML-N to quit government if judges not reinstated: Hashmi

Senior Vice President of Pakistan Muslim League-Nawaz (PML-N), Makhdoom Javed Hashmi has said that his party will detach from the government if judges are not reinstated. However, PML-N will continue its support to the ruling alliance.
Published 26 Apr, 2008 12:00am
Rehman orders transfer of SHO

Rehman orders transfer of SHO

Advisor to Prime Minister on Interior, Rehman Malik has ordered immediate transfer of Inspector Khalid Masood, SHO Sabzi Mandi Police for his failure in arresting armed dacoits, who looted a shop in I-10 markaz, few days ago.
Published 26 Apr, 2008 12:00am
Committee agreed on modalities to restore deposed judges

Committee agreed on modalities to restore deposed judges

Negotiators from two major parties in the ruling coalition on Friday said they had agreed on how to reinstate top judges President Pervez Musharraf removed last year. Law Minister Farooq H Naek told reporters here a committee their leaders formed earlier
Published 26 Apr, 2008 12:00am
Senate condemns blasphemous cartoons, anti Islam film

Senate condemns blasphemous cartoons, anti Islam film

The Senate on Friday unanimously passed a joint resolution condemning the blasphemous caricatures reprinted in Denmark and release of anti Islamic film, 'Fitna', by a Dutch parliamentarian.
Published 26 Apr, 2008 12:00am
APDM senators ask government to honour people's mandate

APDM senators ask government to honour people's mandate

Senators belonging to All Parties Democratic Movement (APDM) on Friday warned the coalition government of serious political set back if it did not stop taking dictation from anti-democratic forces once for all.
Published 26 Apr, 2008 12:00am
APCMA condemns raid, vows to lodge protest

APCMA condemns raid, vows to lodge protest

All Pakistan Cement Manufacturers Association (APCMA), Chairman, Aizaz Mansoor Sheikh has said that the action of Competition Commission has sent a negative signal to the business community and shattered their confidence.
Published 26 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 Friday (April 25, 2008).

Published 26 Apr, 2008 12:00am
Four killed as car bomb targets police station

Four killed as car bomb targets police station

Four people including a police officer was killed while number of others maimed in a car bomb blast near a police station in Mardan, second largest city of NWFP and hometown of the provincial chief minister Ameer Haider Khan Hoti.
Published 26 Apr, 2008 12:00am
Book suggests brother's death changed bin Laden

Book suggests brother's death changed bin Laden

A new book looks at Osama bin Laden through the prism of his family, and suggests that the death of his extrovert playboy brother Salem in a 1988 plane crash was an important factor in his radicalisation.
Published 26 Apr, 2008 12:00am
No authentic database in supply chain for sales tax verification: FBR

No authentic database in supply chain for sales tax verification: FBR

The absence of an authentic sales tax database has restricted the Federal Board of Revenue from invoking provisions of a controversial sales tax law, "Missing Traders Fraud" under which all partners in the supply chain are liable to deposit amount of tax
Published 26 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 Friday (April 25, 2008).

Published 26 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 Friday (April 25, 2008).

Published 26 Apr, 2008 12:00am
Four killed as car bomb targets police station

Four killed as car bomb targets police station

Four people including a police officer was killed while number of others maimed in a car bomb blast near a police station in Mardan, second largest city of NWFP and hometown of the provincial chief minister Ameer Haider Khan Hoti.
Published 26 Apr, 2008 12:00am
Nawaz Tishna made NIT chairman

Nawaz Tishna made NIT chairman

The federal government has with immediate effect assigned the charge of the Chairman/Managing Director, NIT to Muhammad Nawaz Tishna, presently working as SEVP, NIT. According to a notification issued by the Finance Division, Tariq Iqbal Khan, Chairman/Ma
Published 26 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 26 Apr, 2008 12:00am
Nawaz Tishna made NIT chairman

Nawaz Tishna made NIT chairman

The federal government has with immediate effect assigned the charge of the Chairman/Managing Director, NIT to Muhammad Nawaz Tishna, presently working as SEVP, NIT. According to a notification issued by the Finance Division, Tariq Iqbal Khan, Chairman/Ma
Published 26 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 26 Apr, 2008 12:00am
Nawaz Tishna made NIT chairman

Nawaz Tishna made NIT chairman

The federal government has with immediate effect assigned the charge of the Chairman/Managing Director, NIT to Muhammad Nawaz Tishna, presently working as SEVP, NIT. According to a notification issued by the Finance Division, Tariq Iqbal Khan, Chairman/Ma
Published 26 Apr, 2008 12:00am
Nawaz Tishna made NIT chairman

Nawaz Tishna made NIT chairman

The federal government has with immediate effect assigned the charge of the Chairman/Managing Director, NIT to Muhammad Nawaz Tishna, presently working as SEVP, NIT. According to a notification issued by the Finance Division, Tariq Iqbal Khan, Chairman/Ma
Published 26 Apr, 2008 12:00am
Advisers appointed for sukuk

Advisers appointed for sukuk

Government has appointed Dubai Islamic Bank and Standard Chartered Bank Pakistan to manage its first local currency Islamic bond, or sukuk, to be issued this fiscal year, an official said on Friday. The official did not give any details about the issue bu
Published 26 Apr, 2008 12:00am
Three cement factory workers killed, eight injured in Hub

Three cement factory workers killed, eight injured in Hub

At least three people working in a local cement factory were killed while eight others suffered critical injuries after unknown motorbike-riders sprayed bullets on their bus in Hub on Friday, police said.
Published 26 Apr, 2008 12:00am
Pakistan to buy anti-terror equipment from China

Pakistan to buy anti-terror equipment from China

Pakistan will purchase equipment from China to fight terrorist activity, Foreign Minister Shah Mehmood Qureshi said on Friday. China is one of the closest allies and largest arms supplier of Pakistan, which has been hit by a wave of suicide bombings in wh
Published 26 Apr, 2008 12:00am
Pakistan to buy anti-terror equipment from China

Pakistan to buy anti-terror equipment from China

Pakistan will purchase equipment from China to fight terrorist activity, Foreign Minister Shah Mehmood Qureshi said on Friday. China is one of the closest allies and largest arms supplier of Pakistan, which has been hit by a wave of suicide bombings in wh
Published 26 Apr, 2008 12:00am
1.5 million tons wheat import to cost around $1 billion

1.5 million tons wheat import to cost around $1 billion

The national exchequer has to bear around one billion dollar burden following the federal government''s decision to import 1.5 million tons of wheat to arrest the swelling wheat flour crisis in the country.
Published 26 Apr, 2008 12:00am
1.5 million tons wheat import to cost around $1 billion

1.5 million tons wheat import to cost around $1 billion

The national exchequer has to bear around one billion dollar burden following the federal government's decision to import 1.5 million tons of wheat to arrest the swelling wheat flour crisis in the country.
Published 26 Apr, 2008 12:00am
1.5 million tons wheat import to cost around $1 billion

1.5 million tons wheat import to cost around $1 billion

The national exchequer has to bear around one billion dollar burden following the federal government's decision to import 1.5 million tons of wheat to arrest the swelling wheat flour crisis in the country.
Published 26 Apr, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (April 25, 2008).

Published 26 Apr, 2008 12:00am
New York cotton

New York cotton

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

Published 26 Apr, 2008 12:00am
Three cement factory workers killed, eight injured in Hub

Three cement factory workers killed, eight injured in Hub

At least three people working in a local cement factory were killed while eight others suffered critical injuries after unknown motorbike-riders sprayed bullets on their bus in Hub on Friday, police said.
Published 26 Apr, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (April 25, 2008).

Published 26 Apr, 2008 12:00am
Commerce ministry to face business community''s wrath

Commerce ministry to face business community''s wrath

The commerce ministry faces the business community''s wrath on Monday (April 28) at a meeting of the advisory council in Islamabad which is an annual event aimed at formulating trade policy in consultation with the representatives of all the trade associa
Published 26 Apr, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (April 25, 2008).
Published 26 Apr, 2008 12:00am
Commerce ministry to face business community's wrath

Commerce ministry to face business community's wrath

The commerce ministry faces the business community's wrath on Monday (April 28) at a meeting of the advisory council in Islamabad which is an annual event aimed at formulating trade policy in consultation with the representatives of all the trade associat
Published 26 Apr, 2008 12:00am
Commerce ministry to face business community's wrath

Commerce ministry to face business community's wrath

The commerce ministry faces the business community's wrath on Monday (April 28) at a meeting of the advisory council in Islamabad which is an annual event aimed at formulating trade policy in consultation with the representatives of all the trade associat
Published 26 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 Friday (April 25, 2008).

Published 26 Apr, 2008 12:00am
Stock market turns bullish

Stock market turns bullish

After witnessing bearish trend during last four consecutive days, the Karachi share market turned bullish on Friday and the KSE-100 index recovered 129.84 points to close at 15,434.74 points level on the back of fresh buying mainly in banking and fertilis
Published 26 Apr, 2008 12:00am
Asian currencies: Singapore dollar, ringgit hit lows

Asian currencies: Singapore dollar, ringgit hit lows

Asian currencies fell on Friday against the broadly stronger dollar, buoyed by positive US labour market data and receding expectations of more Federal Reserve interest rate cuts. The Malaysian ringgit retreated from a decade high scaled on Wednesday and
Published 26 Apr, 2008 12:00am
Taiwan dollar weakens

Taiwan dollar weakens

The Taiwan dollar fell on Friday as the US dollar held its gains on global markets, on expectations the Federal Reserve may be ready to stop cutting rates, although exporters supported the local currency. The Taiwan dollar ended weaker at T$30.340 to the
Published 26 Apr, 2008 12:00am
Canadian dollar ends losing skid with modest gain

Canadian dollar ends losing skid with modest gain

The Canadian dollar rose versus the US dollar on Thursday and ended a three-session skid as profit-taking weighed on the greenback. Bond prices could not generate any momentum from Bank of Canada comments that Canadian economic growth is near a standstill
Published 26 Apr, 2008 12:00am
US dollar gains on economic data

US dollar gains on economic data

The US dollar rose across the board on Thursday after US government data showed resilience in the labour market, while a key measure of business sentiment in Germany plunged undermining the euro. The euro's fall followed a rally to a record $1.60 on Tuesd
Published 26 Apr, 2008 12:00am
Dollar steadies

Dollar steadies

The dollar steadied against the euro on Friday, keeping gains made on data that showed signs of resilience in the US labour market and separate figures that undermined the single European currency.
Published 26 Apr, 2008 12:00am
Yuan tumbles in spot

Yuan tumbles in spot

The yuan tumbled against the dollar in the spot and forwards markets on Friday as speculative forwards positions were squeezed and traders continued to scale back expectations for long-term yuan appreciation. The dollar's surge in global markets on Thursd
Published 26 Apr, 2008 12:00am
Singapore shares up

Singapore shares up

Singapore share prices closed up 0.37 percent on Friday after Wall Street's gains encouraged selected buying, dealers said. The blue chip Straits Times Index rose 11.65 points to 3,189.20 on volume of 1.75 billion shares worth 2.06 billion Singapore dolla
Published 26 Apr, 2008 12:00am
Nikkei at two-month closing high

Nikkei at two-month closing high

Japan's Nikkei benchmark climbed 2.4 percent to hit a two-month closing high on Friday as Canon Inc and other exporters gained on a softer yen, leading to a sixth straight positive week, while Japanese government bond futures plunged.
Published 26 Apr, 2008 12:00am
KOSPI at fresh 14-week closing high

KOSPI at fresh 14-week closing high

Seoul shares rose 1.41 percent to a new 14-week closing high on Friday led by techs, as No 1 chip maker Samsung Electronics posted strong first quarter profit, lifted by buoyant performances by its handset and display units. Samsung Electronics closed up
Published 26 Apr, 2008 12:00am
JGB futures suffer biggest drop in five years

JGB futures suffer biggest drop in five years

Japanese government bond futures plunged on Friday, suffering their biggest one-day loss in five years, as investors switched their sights towards an eventual Bank of Japan interest rate hike. The main JGB futures contract fell as much as 2.50 points, tri
Published 26 Apr, 2008 12:00am
JGB futures suffer biggest drop in five years

JGB futures suffer biggest drop in five years

Japanese government bond futures plunged on Friday, suffering their biggest one-day loss in five years, as investors switched their sights towards an eventual Bank of Japan interest rate hike. The main JGB futures contract fell as much as 2.50 points, tri
Published 26 Apr, 2008 12:00am
Thai shares easier

Thai shares easier

Thai share prices closed 0.25 percent lower on Friday as foreign investors dumped shares to take profits in major stocks, dealers said. They said the sudden rebound of the greenback against other currencies including the Thai baht also added to the small
Published 26 Apr, 2008 12:00am
US treasury debt prices fall

US treasury debt prices fall

US Treasury debt prices tumbled on Thursday as data showing signs of the economy's resilience supported expectations that the Federal Reserve will scale back on aggressive interest-rate cuts. A surge in stock markets smashed any safe-haven bid for governm
Published 26 Apr, 2008 12:00am
US treasury debt prices fall

US treasury debt prices fall

US Treasury debt prices tumbled on Thursday as data showing signs of the economy's resilience supported expectations that the Federal Reserve will scale back on aggressive interest-rate cuts. A surge in stock markets smashed any safe-haven bid for governm
Published 26 Apr, 2008 12:00am