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Print - 2008-05-23
EU launches new antitrust probe versus Gaz de France

EU launches new antitrust probe versus Gaz de France

The European Commission stepped up its battle to force open Europe's power markets on Thursday by announcing new antitrust proceedings against state-controlled Gaz de France. "The Commission proceedings focus on behaviour which may prevent or reduce compe
Published 23 May, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
Bears hold sway on ISE

Bears hold sway on ISE

Bears commanded the proceedings at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs under the lead of hot favourite amid decrease in index. ISE-10 Index showed a decrease of 40.07 points, as it moved from 3,105.49 to 3,065.4
Published 23 May, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (May 22, 2008) and for Friday (May 23, 2008).
Published 23 May, 2008 12:00am
Bears hold sway on ISE

Bears hold sway on ISE

Bears commanded the proceedings at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs under the lead of hot favourite amid decrease in index. ISE-10 Index showed a decrease of 40.07 points, as it moved from 3,105.49 to 3,065.4
Published 23 May, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
LSE index loses 107.92 points

LSE index loses 107.92 points

Equities have failed to sustain last Wednesday's upsurge and plunged on the increase in interest rate and Moody's move to downgrade Pakistan's bond rating, bringing the market 2.46 percent down on Thursday. The LSE-25 Index fell to 4,262.85 points from pa
Published 23 May, 2008 12:00am
LSE index loses 107.92 points

LSE index loses 107.92 points

Equities have failed to sustain last Wednesday's upsurge and plunged on the increase in interest rate and Moody's move to downgrade Pakistan's bond rating, bringing the market 2.46 percent down on Thursday. The LSE-25 Index fell to 4,262.85 points from pa
Published 23 May, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
Government asked to amend fiscal responsibility law, reduce borrowings

Government asked to amend fiscal responsibility law, reduce borrowings

The State Bank on Thursday advised the government to amend the Fiscal Responsibility and Debt Limitation Act, 2005 to incorporate appropriate provisions to restrict the debt monetization. State Bank Governor Dr Shamshad Akhtar expressed serious concern ov
Published 23 May, 2008 12:00am
Government asked to amend fiscal responsibility law, reduce borrowings

Government asked to amend fiscal responsibility law, reduce borrowings

The State Bank on Thursday advised the government to amend the Fiscal Responsibility and Debt Limitation Act, 2005 to incorporate appropriate provisions to restrict the debt monetization. State Bank Governor Dr Shamshad Akhtar expressed serious concern ov
Published 23 May, 2008 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

As a result of the preventive measures taken by the State Bank of Pakistan (SBP), the rupee was able to resist fresh losses in it's value against dollar in the interbank market. Inching up with a little gain of five at 69.40 and 69.50 paisa for buying and
Published 23 May, 2008 12:00am
Government asked to amend fiscal responsibility law, reduce borrowings

Government asked to amend fiscal responsibility law, reduce borrowings

The State Bank on Thursday advised the government to amend the Fiscal Responsibility and Debt Limitation Act, 2005 to incorporate appropriate provisions to restrict the debt monetization. State Bank Governor Dr Shamshad Akhtar expressed serious concern ov
Published 23 May, 2008 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

As a result of the preventive measures taken by the State Bank of Pakistan (SBP), the rupee was able to resist fresh losses in it's value against dollar in the interbank market. Inching up with a little gain of five at 69.40 and 69.50 paisa for buying and
Published 23 May, 2008 12:00am
No sales tax on packaged fruits

No sales tax on packaged fruits

The Federal Board of Revenue (FBR) has exempted sales tax on the local supply of packaged edible fruits whether fresh, frozen or otherwise preserved and packaged edible vegetables, including roots and tubers. According to an SRO. 471(I)/2008 issued on Thu
Published 23 May, 2008 12:00am
No sales tax on packaged fruits

No sales tax on packaged fruits

The Federal Board of Revenue (FBR) has exempted sales tax on the local supply of packaged edible fruits whether fresh, frozen or otherwise preserved and packaged edible vegetables, including roots and tubers. According to an SRO. 471(I)/2008 issued on Thu
Published 23 May, 2008 12:00am
Duty exemption on bio-diesel equipment

Duty exemption on bio-diesel equipment

The Federal Board of Revenue has exempted plant, machinery and equipment used in production of bio-diesel from customs duty. The board has amended SRO.575(I)/2006 through a notification issued on Thursday.
Published 23 May, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
Duty exemption on bio-diesel equipment

Duty exemption on bio-diesel equipment

The Federal Board of Revenue has exempted plant, machinery and equipment used in production of bio-diesel from customs duty. The board has amended SRO.575(I)/2006 through a notification issued on Thursday.
Published 23 May, 2008 12:00am
Duty exemption on bio-diesel equipment

Duty exemption on bio-diesel equipment

The Federal Board of Revenue has exempted plant, machinery and equipment used in production of bio-diesel from customs duty. The board has amended SRO.575(I)/2006 through a notification issued on Thursday.
Published 23 May, 2008 12:00am
Duty exemption on bio-diesel equipment

Duty exemption on bio-diesel equipment

The Federal Board of Revenue has exempted plant, machinery and equipment used in production of bio-diesel from customs duty. The board has amended SRO.575(I)/2006 through a notification issued on Thursday.
Published 23 May, 2008 12:00am
35 percent L/C margin imposed on imports

35 percent L/C margin imposed on imports

The State Bank of Pakistan has imposed a 35 percent Letter of Credit (L/C) margin on all imports except for oil and some selected food imports effective from Friday (today) with a view to reducing the increasing trade deficit.
Published 23 May, 2008 12:00am
35 percent L/C margin imposed on imports

35 percent L/C margin imposed on imports

The State Bank of Pakistan has imposed a 35 percent Letter of Credit (L/C) margin on all imports except for oil and some selected food imports effective from Friday (today) with a view to reducing the increasing trade deficit.
Published 23 May, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 23 May, 2008 12:00am
35 percent L/C margin imposed on imports

35 percent L/C margin imposed on imports

The State Bank of Pakistan has imposed a 35 percent Letter of Credit (L/C) margin on all imports except for oil and some selected food imports effective from Friday (today) with a view to reducing the increasing trade deficit.
Published 23 May, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 23 May, 2008 12:00am
BRIndex30 drops 519.4 points

BRIndex30 drops 519.4 points

On Thursday, BRIndex30 opened in the positive zone at 15,299.38 with an upward gap of 38.61 points. It closed at 14,741.37 with a net negative change of -519.4 points or -3.40 percent. It experienced intra-day high of 15,318.56 and intra-day low of 14,679
Published 23 May, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.
Published 23 May, 2008 12:00am
BRIndex30 drops 519.4 points

BRIndex30 drops 519.4 points

On Thursday, BRIndex30 opened in the positive zone at 15,299.38 with an upward gap of 38.61 points. It closed at 14,741.37 with a net negative change of -519.4 points or -3.40 percent. It experienced intra-day high of 15,318.56 and intra-day low of 14,679
Published 23 May, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
KSE index loses 347.49 points

KSE index loses 347.49 points

The Karachi share market witnessed panic-selling on Thursday due to downgrading foreign debt rating on four Pakistani banks and investors'' concern over imposition of capital gain tax, sagging rupee value and the news on the expected increase in discount
Published 23 May, 2008 12:00am
KSE index loses 347.49 points

KSE index loses 347.49 points

The Karachi share market witnessed panic-selling on Thursday due to downgrading foreign debt rating on four Pakistani banks and investors' concern over imposition of capital gain tax, sagging rupee value and the news on the expected increase in discount r
Published 23 May, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 23 May, 2008 12:00am
KSE index loses 347.49 points

KSE index loses 347.49 points

The Karachi share market witnessed panic-selling on Thursday due to downgrading foreign debt rating on four Pakistani banks and investors' concern over imposition of capital gain tax, sagging rupee value and the news on the expected increase in discount r
Published 23 May, 2008 12:00am
SECP completes spadework for CGT levy in budget 2008-09

SECP completes spadework for CGT levy in budget 2008-09

The Securities and Exchange Commission of Pakistan has completed the spadework on the budget proposal for imposition of capital gains tax (CGT) on stock exchanges with the aim to generate maximum revenue.
Published 23 May, 2008 12:00am
Rupee depreciation bloats public debt by Rs 315 billion

Rupee depreciation bloats public debt by Rs 315 billion

The ongoing depreciation of Pak rupee has added about Rs 315 billion to public debt without borrowing a single penny. The debt could go further up if efforts were not made to stabilise the currency, it has been reliably learnt on Thursday.
Published 23 May, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
Rupee depreciation bloats public debt by Rs 315 billion

Rupee depreciation bloats public debt by Rs 315 billion

The ongoing depreciation of Pak rupee has added about Rs 315 billion to public debt without borrowing a single penny. The debt could go further up if efforts were not made to stabilise the currency, it has been reliably learnt on Thursday.
Published 23 May, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
Rupee depreciation bloats public debt by Rs 315 billion

Rupee depreciation bloats public debt by Rs 315 billion

The ongoing depreciation of Pak rupee has added about Rs 315 billion to public debt without borrowing a single penny. The debt could go further up if efforts were not made to stabilise the currency, it has been reliably learnt on Thursday.
Published 23 May, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
SBP asks banks to pay minimum 5 percent profit on savings, PLS deposits

SBP asks banks to pay minimum 5 percent profit on savings, PLS deposits

The State Bank on Thursday instructed banks to pay a minimum profit of 5 percent on savings, profit and loss saving products. The central bank''s step is aimed at encouraging people to save more and cut their spending. The SBP increased its key discount r
Published 23 May, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
SBP asks banks to pay minimum 5 percent profit on savings, PLS deposits

SBP asks banks to pay minimum 5 percent profit on savings, PLS deposits

The State Bank on Thursday instructed banks to pay a minimum profit of 5 percent on savings, profit and loss saving products. The central bank's step is aimed at encouraging people to save more and cut their spending. The SBP increased its key discount ra
Published 23 May, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
SBP asks banks to pay minimum 5 percent profit on savings, PLS deposits

SBP asks banks to pay minimum 5 percent profit on savings, PLS deposits

The State Bank on Thursday instructed banks to pay a minimum profit of 5 percent on savings, profit and loss saving products. The central bank's step is aimed at encouraging people to save more and cut their spending. The SBP increased its key discount ra
Published 23 May, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
Businessmen to meet Naveed today

Businessmen to meet Naveed today

Two different delegates of Karachi based business leaders will meet Federal Minister for Finance Syed Naveed Qamar in Islamabad on Friday and discuss forthcoming federal budget 2008-09 and crises faced by textile and denim sectors.
Published 23 May, 2008 12:00am
Prime Minister allows wheat export to Afghanistan

Prime Minister allows wheat export to Afghanistan

Prime Minister Syed Yousuf Raza Gilani on Thursday agreed to allow the export of 50,000 metric tons of wheat to Afghanistan In a telephonic call from Afghan President Hamid Karzai, the Prime Minister approved export of wheat to Afghanistan as a special ge
Published 23 May, 2008 12:00am
Prime Minister allows wheat export to Afghanistan

Prime Minister allows wheat export to Afghanistan

Prime Minister Syed Yousuf Raza Gilani on Thursday agreed to allow the export of 50,000 metric tons of wheat to Afghanistan In a telephonic call from Afghan President Hamid Karzai, the Prime Minister approved export of wheat to Afghanistan as a special ge
Published 23 May, 2008 12:00am
Prime Minister allows wheat export to Afghanistan

Prime Minister allows wheat export to Afghanistan

Prime Minister Syed Yousuf Raza Gilani on Thursday agreed to allow the export of 50,000 metric tons of wheat to Afghanistan In a telephonic call from Afghan President Hamid Karzai, the Prime Minister approved export of wheat to Afghanistan as a special ge
Published 23 May, 2008 12:00am
PSDP size may be reduced to Rs 437 billion

PSDP size may be reduced to Rs 437 billion

Horrifying financial constraints and unbridled inflationary pressures have forced economic managers to cut budgeted Public Sector Development Programme (PSDP) for the next fiscal as they plan to reduce its size to Rs 437 billion as compared to Rs 485 bill
Published 23 May, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
PSDP size may be reduced to Rs 437 billion

PSDP size may be reduced to Rs 437 billion

Horrifying financial constraints and unbridled inflationary pressures have forced economic managers to cut budgeted Public Sector Development Programme (PSDP) for the next fiscal as they plan to reduce its size to Rs 437 billion as compared to Rs 485 bill
Published 23 May, 2008 12:00am
PSDP size may be reduced to Rs 437 billion

PSDP size may be reduced to Rs 437 billion

Horrifying financial constraints and unbridled inflationary pressures have forced economic managers to cut budgeted Public Sector Development Programme (PSDP) for the next fiscal as they plan to reduce its size to Rs 437 billion as compared to Rs 485 bill
Published 23 May, 2008 12:00am
Oil pulls back after hitting record above $135

Oil pulls back after hitting record above $135

Oil prices pulled back sharply from a record above $135 a barrel on Thursday as dealers took profits from a dazzling rally and a recovering US dollar dampened commodities markets. US crude settled down $2.36 at $130.81 a barrel after jumping earlier in th
Published 23 May, 2008 12:00am
Oil pulls back after hitting record above $135

Oil pulls back after hitting record above $135

Oil prices pulled back sharply from a record above $135 a barrel on Thursday as dealers took profits from a dazzling rally and a recovering US dollar dampened commodities markets. US crude settled down $2.36 at $130.81 a barrel after jumping earlier in th
Published 23 May, 2008 12:00am
Oil pulls back after hitting record above $135

Oil pulls back after hitting record above $135

Oil prices pulled back sharply from a record above $135 a barrel on Thursday as dealers took profits from a dazzling rally and a recovering US dollar dampened commodities markets. US crude settled down $2.36 at $130.81 a barrel after jumping earlier in th
Published 23 May, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 22, 2008).
Published 23 May, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 22, 2008).
Published 23 May, 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 Thursday (May 22, 2008).
Published 23 May, 2008 12:00am