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Print - 2008-06-03
Three cops held on corruption charges

Three cops held on corruption charges

A case has surfaced against DSP Sabzazar and two other officials on charges of poor investigation into a murder case and corruption. Inspector Tariq Mehmood, Sub-Inspector Ijaz Cheema and constable Karam Elahi were arrested and sent behind the bar at the
Published 03 Jun, 2008 12:00am
Farmers forced to switch over to other profession

Farmers forced to switch over to other profession

High cost of production as a result of increasing inputs rates, shortage of irrigation water, poor agricultural policies which compel the farmers to move towards other professions, are the main reasons of less area under cultivation.
Published 03 Jun, 2008 12:00am
Khalid Sheikh dubbed as 'September 11 mastermind'

Khalid Sheikh dubbed as 'September 11 mastermind'

Khalid Sheikh Mohammed, the best known of the five suspects due to face a US military tribunal on Thursday, has been portrayed as the brains behind the September 11 attacks as well as a host of other bombings.
Published 03 Jun, 2008 12:00am
Delay in grant of licenses under TOO Rules causes confusion

Delay in grant of licenses under TOO Rules causes confusion

Confusion is getting more confounded as a result of incredible delay in the grant of licenses under the Trade Organisations Ordinance Rules (TOO), 2007 by the Ministry of Commerce to trade bodies. Would these associations and chambers be allowed to contin
Published 03 Jun, 2008 12:00am
Delay in grant of licenses under TOO Rules causes confusion

Delay in grant of licenses under TOO Rules causes confusion

Confusion is getting more confounded as a result of incredible delay in the grant of licenses under the Trade Organisations Ordinance Rules (TOO), 2007 by the Ministry of Commerce to trade bodies. Would these associations and chambers be allowed to contin
Published 03 Jun, 2008 12:00am
Delay in grant of licenses under TOO Rules causes confusion

Delay in grant of licenses under TOO Rules causes confusion

Confusion is getting more confounded as a result of incredible delay in the grant of licenses under the Trade Organisations Ordinance Rules (TOO), 2007 by the Ministry of Commerce to trade bodies. Would these associations and chambers be allowed to contin
Published 03 Jun, 2008 12:00am
$100 million ethanol plant in the doldrums

$100 million ethanol plant in the doldrums

A private firm''s $100 million plan of setting up maize-based ethanol generation plant near Port Qasim Karachi has been not been implemented so far. Sources in Sindh government told Business Recorder on Monday that poor law and order and political
Published 03 Jun, 2008 12:00am
$100 million ethanol plant in the doldrums

$100 million ethanol plant in the doldrums

A private firm's $100 million plan of setting up maize-based ethanol generation plant near Port Qasim Karachi has been not been implemented so far. Sources in Sindh government told Business Recorder on Monday that poor law and order and political i
Published 03 Jun, 2008 12:00am
$100 million ethanol plant in the doldrums

$100 million ethanol plant in the doldrums

A private firm's $100 million plan of setting up maize-based ethanol generation plant near Port Qasim Karachi has been not been implemented so far. Sources in Sindh government told Business Recorder on Monday that poor law and order and political i
Published 03 Jun, 2008 12:00am
Pakistan and Italy sign soft loan agreement

Pakistan and Italy sign soft loan agreement

Pakistan and Italy on Monday signed a financial agreement under which the later would provide soft loan of Euro 7.75 million for the development of Small and Medium Enterprise (SME) in Pakistan. An agreement was inked between the SME Bank as borrower on b
Published 03 Jun, 2008 12:00am
Pakistan and Italy sign soft loan agreement

Pakistan and Italy sign soft loan agreement

Pakistan and Italy on Monday signed a financial agreement under which the later would provide soft loan of Euro 7.75 million for the development of Small and Medium Enterprise (SME) in Pakistan. An agreement was inked between the SME Bank as borrower on b
Published 03 Jun, 2008 12:00am
Pakistan and Italy sign soft loan agreement

Pakistan and Italy sign soft loan agreement

Pakistan and Italy on Monday signed a financial agreement under which the later would provide soft loan of Euro 7.75 million for the development of Small and Medium Enterprise (SME) in Pakistan. An agreement was inked between the SME Bank as borrower on b
Published 03 Jun, 2008 12:00am
2.5 percent withholding tax on car sales may be withdrawn

2.5 percent withholding tax on car sales may be withdrawn

The government may withdraw 2.5 percent withholding tax on local purchase of cars, currently deferred by the Federal Board of Revenue to enhance their sale, it is learnt. The local assemblers wanted exemption, through amendment in Income Tax Ordinance wit
Published 03 Jun, 2008 12:00am
The Weather

The Weather

The weather report on Monday (June 02, 2008) and the forecast for Tuesday (June 03, 2008).
Published 03 Jun, 2008 12:00am
2.5 percent withholding tax on car sales may be withdrawn

2.5 percent withholding tax on car sales may be withdrawn

The government may withdraw 2.5 percent withholding tax on local purchase of cars, currently deferred by the Federal Board of Revenue to enhance their sale, it is learnt. The local assemblers wanted exemption, through amendment in Income Tax Ordinance wit
Published 03 Jun, 2008 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 03 Jun, 2008 12:00am
2.5 percent withholding tax on car sales may be withdrawn

2.5 percent withholding tax on car sales may be withdrawn

The government may withdraw 2.5 percent withholding tax on local purchase of cars, currently deferred by the Federal Board of Revenue to enhance their sale, it is learnt. The local assemblers wanted exemption, through amendment in Income Tax Ordinance wit
Published 03 Jun, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (June 02, 2008) and for Tuesday (June 03, 2008).
Published 03 Jun, 2008 12:00am
Talks on Kishan Ganga project stalled

Talks on Kishan Ganga project stalled

Negotiations between the Pakistan Indus Basin Water Commission and its India counterpart stalled on the Kishan Ganga dam for the third consecutive day. Pakistan has raised six objections on the project design, but were rejected by Indian Commissioner Oran
Published 03 Jun, 2008 12:00am
Talks on Kishan Ganga project stalled

Talks on Kishan Ganga project stalled

Negotiations between the Pakistan Indus Basin Water Commission and its India counterpart stalled on the Kishan Ganga dam for the third consecutive day. Pakistan has raised six objections on the project design, but were rejected by Indian Commissioner Oran
Published 03 Jun, 2008 12:00am
Talks on Kishan Ganga project stalled

Talks on Kishan Ganga project stalled

Negotiations between the Pakistan Indus Basin Water Commission and its India counterpart stalled on the Kishan Ganga dam for the third consecutive day. Pakistan has raised six objections on the project design, but were rejected by Indian Commissioner Oran
Published 03 Jun, 2008 12:00am
Federal budget now on June 10

Federal budget now on June 10

The government has decided to delay announcing its 2008-09 budget until June 10, having earlier set a date of June 7, a senior official told Reuters on Monday. The official, speaking on condition of anonymity, said Prime Minister Yusuf Raza Gilani''s poss
Published 03 Jun, 2008 12:00am
Federal budget now on June 10

Federal budget now on June 10

The government has decided to delay announcing its 2008-09 budget until June 10, having earlier set a date of June 7, a senior official told Reuters on Monday. The official, speaking on condition of anonymity, said Prime Minister Yusuf Raza Gilani's possi
Published 03 Jun, 2008 12:00am
Federal budget now on June 10

Federal budget now on June 10

The government has decided to delay announcing its 2008-09 budget until June 10, having earlier set a date of June 7, a senior official told Reuters on Monday. The official, speaking on condition of anonymity, said Prime Minister Yusuf Raza Gilani's possi
Published 03 Jun, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
BRIndex30 up 179.62 points

BRIndex30 up 179.62 points

On Monday, the BRIndex30 opened at 12,678.25 with a downward gap of 110.05 points, and closed at 12,967.92 with a net positive change of 179.62 points, or 1.40 percent. It experienced intra-day high of 13,050.94 and low of 12,678.25. The volume amounted t
Published 03 Jun, 2008 12:00am
BRIndex30 up 179.62 points

BRIndex30 up 179.62 points

On Monday, the BRIndex30 opened at 12,678.25 with a downward gap of 110.05 points, and closed at 12,967.92 with a net positive change of 179.62 points, or 1.40 percent. It experienced intra-day high of 13,050.94 and low of 12,678.25. The volume amounted t
Published 03 Jun, 2008 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
Stocks stage recovery on KSE

Stocks stage recovery on KSE

The KSE-100 index gained 150.69 points to close at 12,281.20 points level on the back of fresh buying, mainly in banking, cement and oil sector stocks. The KSE-30 index increased by 223.15 points and settled at 14,321.13 points level. Trading, however, re
Published 03 Jun, 2008 12:00am
Stocks stage recovery on KSE

Stocks stage recovery on KSE

The KSE-100 index gained 150.69 points to close at 12,281.20 points level on the back of fresh buying, mainly in banking, cement and oil sector stocks. The KSE-30 index increased by 223.15 points and settled at 14,321.13 points level. Trading, however, re
Published 03 Jun, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
Stocks stage recovery on KSE

Stocks stage recovery on KSE

The KSE-100 index gained 150.69 points to close at 12,281.20 points level on the back of fresh buying, mainly in banking, cement and oil sector stocks. The KSE-30 index increased by 223.15 points and settled at 14,321.13 points level. Trading, however, re
Published 03 Jun, 2008 12:00am
US urges opening of Gulf oil sectors

US urges opening of Gulf oil sectors

US Treasury Secretary Henry Paulson assured Gulf investors on Monday that the United States will remain open to sovereign wealth funds and urged oil producers to open their energy sectors to foreign investment.
Published 03 Jun, 2008 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
US urges opening of Gulf oil sectors

US urges opening of Gulf oil sectors

US Treasury Secretary Henry Paulson assured Gulf investors on Monday that the United States will remain open to sovereign wealth funds and urged oil producers to open their energy sectors to foreign investment.
Published 03 Jun, 2008 12:00am
US urges opening of Gulf oil sectors

US urges opening of Gulf oil sectors

US Treasury Secretary Henry Paulson assured Gulf investors on Monday that the United States will remain open to sovereign wealth funds and urged oil producers to open their energy sectors to foreign investment.
Published 03 Jun, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
''OGDC partnering with BP on offshore project''

''OGDC partnering with BP on offshore project''

The Oil and Gas Development Company (OGDC) is Pakistan''s leading exploration and production (E&P) company. It prides itself on a competent and dedicated workforce engaged in providing energy security to Pakistan.
Published 03 Jun, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
'OGDC partnering with BP on offshore project'

'OGDC partnering with BP on offshore project'

The Oil and Gas Development Company (OGDC) is Pakistan's leading exploration and production (E&P) company. It prides itself on a competent and dedicated workforce engaged in providing energy security to Pakistan.
Published 03 Jun, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
'OGDC partnering with BP on offshore project'

'OGDC partnering with BP on offshore project'

The Oil and Gas Development Company (OGDC) is Pakistan's leading exploration and production (E&P) company. It prides itself on a competent and dedicated workforce engaged in providing energy security to Pakistan.
Published 03 Jun, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
Banks, hedge funds behind food price spiral?

Banks, hedge funds behind food price spiral?

As giant Agri-food multinationals are enjoying soaring profits, global food shortage must be driving millions of people to starvation. A collection of information shown in numbers will be of interest to readers: Estimates indicate that world's poor spend
Published 03 Jun, 2008 12:00am
Banks, hedge funds behind food price spiral?

Banks, hedge funds behind food price spiral?

As giant Agri-food multinationals are enjoying soaring profits, global food shortage must be driving millions of people to starvation. A collection of information shown in numbers will be of interest to readers: Estimates indicate that world's poor spend
Published 03 Jun, 2008 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee gave up it weekend's firmness versus dollar in the interbank market on Monday, losing 60 paisa for buying at 66.90 and it also lost 50 piasa for selling at 67.00, dealers said. They attributed the fall in the rupee to higher demand by the import
Published 03 Jun, 2008 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee gave up it weekend's firmness versus dollar in the interbank market on Monday, losing 60 paisa for buying at 66.90 and it also lost 50 piasa for selling at 67.00, dealers said. They attributed the fall in the rupee to higher demand by the import
Published 03 Jun, 2008 12:00am
Trade deficit may cross $20 billion this year

Trade deficit may cross $20 billion this year

The country's trade deficit is likely to cross $20 billion mark, for the first time in Pakistan's history, this fiscal year, mainly due to sharp rise in imports low exports. Although the State Bank took some bold steps to bring down the increasing imports
Published 03 Jun, 2008 12:00am
Challenges to domestic, regional stability increased manifold: CJCSC

Challenges to domestic, regional stability increased manifold: CJCSC

General Tariq Majid, Chairman Joint Chiefs of Staff Committee (CJCSC), has said that cumulative effect of happenings in the Middle East, sledge hammer approach of Coalition Forces in contiguous Pashtun areas of Afghanistan, cross border missile strikes ca
Published 03 Jun, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
Challenges to domestic, regional stability increased manifold: CJCSC

Challenges to domestic, regional stability increased manifold: CJCSC

General Tariq Majid, Chairman Joint Chiefs of Staff Committee (CJCSC), has said that cumulative effect of happenings in the Middle East, sledge hammer approach of Coalition Forces in contiguous Pashtun areas of Afghanistan, cross border missile strikes ca
Published 03 Jun, 2008 12:00am
Norway shuts embassy

Norway shuts embassy

Norway temporarily closed its embassy in Islamabad on Monday after a suicide bomb attack outside the Danish embassy killed at least eight people, the Norwegian foreign ministry said. "We've closed our embassy," ministry spokesman Tor-Henrik Andersen told
Published 03 Jun, 2008 12:00am
Norway shuts embassy

Norway shuts embassy

Norway temporarily closed its embassy in Islamabad on Monday after a suicide bomb attack outside the Danish embassy killed at least eight people, the Norwegian foreign ministry said. "We've closed our embassy," ministry spokesman Tor-Henrik Andersen told
Published 03 Jun, 2008 12:00am
Car blast outside Danish embassy kills eight

Car blast outside Danish embassy kills eight

Eight people were killed and 25 injured when a high-intensity car bomb exploded outside Danish embassy here on Monday. The blast also damaged embassy boundary wall, an NGO building and about 20 vehicles.
Published 03 Jun, 2008 12:00am
Car blast outside Danish embassy kills eight

Car blast outside Danish embassy kills eight

Eight people were killed and 25 injured when a high-intensity car bomb exploded outside Danish embassy here on Monday. The blast also damaged embassy boundary wall, an NGO building and about 20 vehicles.
Published 03 Jun, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Jun, 2008 12:00am
LSE index gains 66.71 points

LSE index gains 66.71 points

Share values on Lahore Stock Exchange (LSE) on Monday showed recovering signs on fresh buying interest in oil sector, banks and securities stocks, pushing the LSE index up 66.71 points, or 1.7 percent. The LSE-25 Index climbed to 3,893.57 points form 3,82
Published 03 Jun, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Jun, 2008 12:00am
LSE index gains 66.71 points

LSE index gains 66.71 points

Share values on Lahore Stock Exchange (LSE) on Monday showed recovering signs on fresh buying interest in oil sector, banks and securities stocks, pushing the LSE index up 66.71 points, or 1.7 percent. The LSE-25 Index climbed to 3,893.57 points form 3,82
Published 03 Jun, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 03 Jun, 2008 12:00am
314 small dams development plan approved

314 small dams development plan approved

The National Economic Council, which met here on Monday, approved the national programme of small dams, under which the government will construct 314 dams across the country. Total cost of the programme has been estimated at Rs 54 billion.
Published 03 Jun, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (June 02, 2008).

Published 03 Jun, 2008 12:00am
314 small dams development plan approved

314 small dams development plan approved

The National Economic Council, which met here on Monday, approved the national programme of small dams, under which the government will construct 314 dams across the country. Total cost of the programme has been estimated at Rs 54 billion.
Published 03 Jun, 2008 12:00am
314 small dams development plan approved

314 small dams development plan approved

The National Economic Council, which met here on Monday, approved the national programme of small dams, under which the government will construct 314 dams across the country. Total cost of the programme has been estimated at Rs 54 billion.
Published 03 Jun, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Jun, 2008 12:00am
PML-N rejects judges' reinstatement through package

PML-N rejects judges' reinstatement through package

Pakistan Muslim League-Nawaz (PML-N) Monday said that it would not provide safe exit to President Pervez Musharraf and opposed the restoration of the deposed judges through the proposed constitutional package.
Published 03 Jun, 2008 12:00am
PML-N rejects judges' reinstatement through package

PML-N rejects judges' reinstatement through package

Pakistan Muslim League-Nawaz (PML-N) Monday said that it would not provide safe exit to President Pervez Musharraf and opposed the restoration of the deposed judges through the proposed constitutional package.
Published 03 Jun, 2008 12:00am
Budget to include ''ATT Rules''

Budget to include ''ATT Rules''

The government has decided to issue ''Afghan Transit Trade Rules-2008'' in the coming budget to regulate trade between Pakistan and Afghanistan. These would contain strict measures to check smuggling, missing containers and massive evasion of duties and t
Published 03 Jun, 2008 12:00am
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