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Print - 2008-06-15
EU leaders to push on with treaty despite Irish defeat

EU leaders to push on with treaty despite Irish defeat

European leaders vowed Saturday to press ahead with a major EU reform treaty despite Ireland's shock rejection as its prime minister faced a barrage of criticism over his handling of the campaign.
Published 15 Jun, 2008 12:00am
EU leaders to push on with treaty despite Irish defeat

EU leaders to push on with treaty despite Irish defeat

European leaders vowed Saturday to press ahead with a major EU reform treaty despite Ireland's shock rejection as its prime minister faced a barrage of criticism over his handling of the campaign.
Published 15 Jun, 2008 12:00am
FBR reinstates two officials of payphone scam

FBR reinstates two officials of payphone scam

The Federal Board of Revenue (FBR) has reinstated two officials of customs and excise group and imposed minor penalty on two other officials in the payphone scam. In this connection, the FBR issued four notifications on Saturday. The officials were facing
Published 15 Jun, 2008 12:00am
FBR reinstates two officials of payphone scam

FBR reinstates two officials of payphone scam

The Federal Board of Revenue (FBR) has reinstated two officials of customs and excise group and imposed minor penalty on two other officials in the payphone scam. In this connection, the FBR issued four notifications on Saturday. The officials were facing
Published 15 Jun, 2008 12:00am
FBR reinstates two officials of payphone scam

FBR reinstates two officials of payphone scam

The Federal Board of Revenue (FBR) has reinstated two officials of customs and excise group and imposed minor penalty on two other officials in the payphone scam. In this connection, the FBR issued four notifications on Saturday. The officials were facing
Published 15 Jun, 2008 12:00am
US missile strike kills militant in Makeen: officials

US missile strike kills militant in Makeen: officials

An unmanned drone aircraft launched a missile after coming under fire from the ground in South Waziristan on Saturday, killing one militant, officials said. The incident in Makeen, in the insurgency-hit South Waziristan tribal region, comes just days afte
Published 15 Jun, 2008 12:00am
The Weather

The Weather

The weather report on Saturday (June 14, 2008) and the forecast for Sunday (June 15, 2008).
Published 15 Jun, 2008 12:00am
US missile strike kills militant in Makeen: officials

US missile strike kills militant in Makeen: officials

An unmanned drone aircraft launched a missile after coming under fire from the ground in South Waziristan on Saturday, killing one militant, officials said. The incident in Makeen, in the insurgency-hit South Waziristan tribal region, comes just days afte
Published 15 Jun, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
UN chief visits Saudi Arabia amid concern over oil prices

UN chief visits Saudi Arabia amid concern over oil prices

UN Secretary General Ban Ki-moon on Saturday started a mission to Saudi Arabia focused on soaring world oil prices and their impact on global food security. The 24-visit comes amid reports that the oil kingpin is planning to increase its crude production
Published 15 Jun, 2008 12:00am
UN chief visits Saudi Arabia amid concern over oil prices

UN chief visits Saudi Arabia amid concern over oil prices

UN Secretary General Ban Ki-moon on Saturday started a mission to Saudi Arabia focused on soaring world oil prices and their impact on global food security. The 24-visit comes amid reports that the oil kingpin is planning to increase its crude production
Published 15 Jun, 2008 12:00am
UN chief visits Saudi Arabia amid concern over oil prices

UN chief visits Saudi Arabia amid concern over oil prices

UN Secretary General Ban Ki-moon on Saturday started a mission to Saudi Arabia focused on soaring world oil prices and their impact on global food security. The 24-visit comes amid reports that the oil kingpin is planning to increase its crude production
Published 15 Jun, 2008 12:00am
'US will take a 100 years to recover from damage wreaked by Bush'

'US will take a 100 years to recover from damage wreaked by Bush'

It will take the United States a century to recover from the damage wreaked by President George. W. Bush, US writer Gore Vidal said in an interview published Saturday. "The president behaved like a virtual criminal but we didn't have the courage to sack h
Published 15 Jun, 2008 12:00am
'US will take a 100 years to recover from damage wreaked by Bush'

'US will take a 100 years to recover from damage wreaked by Bush'

It will take the United States a century to recover from the damage wreaked by President George. W. Bush, US writer Gore Vidal said in an interview published Saturday. "The president behaved like a virtual criminal but we didn't have the courage to sack h
Published 15 Jun, 2008 12:00am
Pakistan hands over four rebels to Iran

Pakistan hands over four rebels to Iran

Pakistan has handed over to Iran four Iranian rebels, including the brother of a militant group leader in south-eastern Iran, state media reported on Saturday. The handover took place as part of a security pact between Iran and Pakistan, which borders Sis
Published 15 Jun, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
Pakistan hands over four rebels to Iran

Pakistan hands over four rebels to Iran

Pakistan has handed over to Iran four Iranian rebels, including the brother of a militant group leader in south-eastern Iran, state media reported on Saturday. The handover took place as part of a security pact between Iran and Pakistan, which borders Sis
Published 15 Jun, 2008 12:00am
Terrorism may not end through war: Qureshi

Terrorism may not end through war: Qureshi

Foreign Minister Shah Mehmood Qureshi on Saturday said fighting war or adopting violent means cannot ensure elimination of terrorism from the region as ground realities should also be taken into consideration for exterminating the menace completely.
Published 15 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 Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
Czech Republic envoy pays farewell call on Prime Minister

Czech Republic envoy pays farewell call on Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Saturday expressed the desire to further strengthening the bilateral relations between Pakistan and the Czech Republic in all fields. He said Pakistan greatly values its relationship with the Czech Republic, which
Published 15 Jun, 2008 12:00am
Pak-Americans urged to strengthen bilateral relations

Pak-Americans urged to strengthen bilateral relations

Urging Pak-Americans to foster democratic values of respect and tolerance for diverse views among them, Pakistan's new envoy to the United States, Husain Haqqani said on Friday night that unity in their ranks would not only be beneficial for the community
Published 15 Jun, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
Indian minister warns Kashmir violence could worsen

Indian minister warns Kashmir violence could worsen

India's defence minister warned on Saturday that attacks by separatist "militants" in the disputed Kashmir region could increase as local elections draw near. The comments by A.K. Anthony came a day after suspected rebels killed five people, including fou
Published 15 Jun, 2008 12:00am
Indian minister warns Kashmir violence could worsen

Indian minister warns Kashmir violence could worsen

India's defence minister warned on Saturday that attacks by separatist "militants" in the disputed Kashmir region could increase as local elections draw near. The comments by A.K. Anthony came a day after suspected rebels killed five people, including fou
Published 15 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 Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
FBR transfers and postings

FBR transfers and postings

The Federal Board of Revenue has promoted five officials of income tax group from BS-20 to BS-21 with immediate effect. According to a notification issued on Saturday, following BS-20 officers of income tax group are promoted to BS-21: Iqbal Muzaffar; Afz
Published 15 Jun, 2008 12:00am
FBR transfers and postings

FBR transfers and postings

The Federal Board of Revenue has promoted five officials of income tax group from BS-20 to BS-21 with immediate effect. According to a notification issued on Saturday, following BS-20 officers of income tax group are promoted to BS-21: Iqbal Muzaffar; Afz
Published 15 Jun, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
FBR transfers and postings

FBR transfers and postings

The Federal Board of Revenue has promoted five officials of income tax group from BS-20 to BS-21 with immediate effect. According to a notification issued on Saturday, following BS-20 officers of income tax group are promoted to BS-21: Iqbal Muzaffar; Afz
Published 15 Jun, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
Saudi Arabia to increase oil production by half-million barrels

Saudi Arabia to increase oil production by half-million barrels

Concerned that skyrocketing oil prices might induce a world-wide economic slump, Saudi Arabia is planning to increase oil production next month by about a half-million barrels a day, The New York Times reported on its website late Friday.
Published 15 Jun, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
Saudi Arabia to increase oil production by half-million barrels

Saudi Arabia to increase oil production by half-million barrels

Concerned that skyrocketing oil prices might induce a world-wide economic slump, Saudi Arabia is planning to increase oil production next month by about a half-million barrels a day, The New York Times reported on its website late Friday.
Published 15 Jun, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
Saudi Arabia to increase oil production by half-million barrels

Saudi Arabia to increase oil production by half-million barrels

Concerned that skyrocketing oil prices might induce a world-wide economic slump, Saudi Arabia is planning to increase oil production next month by about a half-million barrels a day, The New York Times reported on its website late Friday.
Published 15 Jun, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from June 16, 2008.

Published 15 Jun, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from June 16, 2008.

Published 15 Jun, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from June 16, 2008.

Published 15 Jun, 2008 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
World powers must respond to its own nuclear offer: Iran

World powers must respond to its own nuclear offer: Iran

Iran said on Saturday its response to an offer from world powers over its nuclear programme depends on the West showing a "logical" response to a package Tehran put forward last month. "We are waiting to receive the precise points of view of the 5+1 world
Published 15 Jun, 2008 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
World powers must respond to its own nuclear offer: Iran

World powers must respond to its own nuclear offer: Iran

Iran said on Saturday its response to an offer from world powers over its nuclear programme depends on the West showing a "logical" response to a package Tehran put forward last month. "We are waiting to receive the precise points of view of the 5+1 world
Published 15 Jun, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (June 16, 2008).

Published 15 Jun, 2008 12:00am
Toyota to produce hybrids in Australia, Thailand

Toyota to produce hybrids in Australia, Thailand

Toyota to produce hybrids in Australia, Thailand motor Corp said Tuesday it will expand its production of hybrids to Australia and Thailand, seeking new markets for the hot-selling cars at a time of soaring fuel prices.
Published 15 Jun, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (June 16, 2008).

Published 15 Jun, 2008 12:00am
PetroChina plans $8.7 billion corporate bond issue

PetroChina plans $8.7 billion corporate bond issue

PetroChina, Asia's top oil and gas producer, plans to issue up to $8.7 billion in corporate bonds in China's biggest domestic corporate bond issue by a listed company as high oil prices pressure its finances.
Published 15 Jun, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
PetroChina plans $8.7 billion corporate bond issue

PetroChina plans $8.7 billion corporate bond issue

PetroChina, Asia's top oil and gas producer, plans to issue up to $8.7 billion in corporate bonds in China's biggest domestic corporate bond issue by a listed company as high oil prices pressure its finances.
Published 15 Jun, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
Kyrgyzstan buries writer, perestroika ally Aitmatov

Kyrgyzstan buries writer, perestroika ally Aitmatov

More than 20,000 mourners paid last respects to Kyrgyz writer and statesman Chingiz Aitmatov on Saturday as the country buried the intellectual who helped bring in Soviet leader Mikhail Gorbachev's perestroika reforms.
Published 15 Jun, 2008 12:00am
India's DLF, Unitech shelve REIT IPOs

India's DLF, Unitech shelve REIT IPOs

India's two leading real estate developers DLF Ltd and Unitech Ltd have shelved plans to list their real estate investment trusts (REIT) on the Singapore Stock Exchange due to global equity turmoil, a newspaper report said on Saturday.
Published 15 Jun, 2008 12:00am
India's DLF, Unitech shelve REIT IPOs

India's DLF, Unitech shelve REIT IPOs

India's two leading real estate developers DLF Ltd and Unitech Ltd have shelved plans to list their real estate investment trusts (REIT) on the Singapore Stock Exchange due to global equity turmoil, a newspaper report said on Saturday.
Published 15 Jun, 2008 12:00am
THE RUPEE: upward trend persists on currency market

THE RUPEE: upward trend persists on currency market

Rising trend persisted on the interbank market on Saturday as the rupee maintained its recovery versus dollar, gaining 10 paisa for buying at 66.65 and it also rose by five piasa for selling at 66.75, currency experts said. Hopes for better inflows in the
Published 15 Jun, 2008 12:00am
France's Sarkozy tells Syria to cool its Iran ties

France's Sarkozy tells Syria to cool its Iran ties

French President Nicolas Sarkozy defended on Saturday his decision to invite Syrian President Bashar al-Assad to a summit in Paris but called on Damascus to distance itself from Iran and its nuclear programme.
Published 15 Jun, 2008 12:00am
THE RUPEE: upward trend persists on currency market

THE RUPEE: upward trend persists on currency market

Rising trend persisted on the interbank market on Saturday as the rupee maintained its recovery versus dollar, gaining 10 paisa for buying at 66.65 and it also rose by five piasa for selling at 66.75, currency experts said. Hopes for better inflows in the
Published 15 Jun, 2008 12:00am
19 dead in China landslide: state media

19 dead in China landslide: state media

Nineteen workers were killed when a landslide buried their factory in northern China while they were inside, local authorities said Saturday. The landslide hit the brick factory in Luliang city while employees were inside working, local officials were quo
Published 15 Jun, 2008 12:00am
Seven dead, 100 hurt as quake strikes Japan

Seven dead, 100 hurt as quake strikes Japan

A powerful earthquake tore up hills, fields and roads in northern Japan on Saturday, killing at least seven people, injuring around 100 more and trapping guests at a levelled resort hotel. The earthquake, which measured 7.2 on the Richter scale, also caus
Published 15 Jun, 2008 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
Seven dead, 100 hurt as quake strikes Japan

Seven dead, 100 hurt as quake strikes Japan

A powerful earthquake tore up hills, fields and roads in northern Japan on Saturday, killing at least seven people, injuring around 100 more and trapping guests at a levelled resort hotel. The earthquake, which measured 7.2 on the Richter scale, also caus
Published 15 Jun, 2008 12:00am
Groupama buys Turkish insurer Guven

Groupama buys Turkish insurer Guven

French insurer Groupama has bought unlisted Turkish insurer Guven Sigorta for 350 million lira ($280 million), Turkish daily Milliyet reported on Saturday, without citing sources. No one was available to comment at Groupama or Guven Sigorta.
Published 15 Jun, 2008 12:00am
FBR gives legal backing to DRRA audit

FBR gives legal backing to DRRA audit

The Federal Board of Revenue has empowered sales tax officials to conduct audit of tax records of registered persons in cases where Auditor-General of Pakistan had completed audit within the same year.
Published 15 Jun, 2008 12:00am
Spot dollar rates

Spot dollar rates

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

Published 15 Jun, 2008 12:00am
FBR gives legal backing to DRRA audit

FBR gives legal backing to DRRA audit

The Federal Board of Revenue has empowered sales tax officials to conduct audit of tax records of registered persons in cases where Auditor-General of Pakistan had completed audit within the same year.
Published 15 Jun, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 14, 2008).
Published 15 Jun, 2008 12:00am
FBR gives legal backing to DRRA audit

FBR gives legal backing to DRRA audit

The Federal Board of Revenue has empowered sales tax officials to conduct audit of tax records of registered persons in cases where Auditor-General of Pakistan had completed audit within the same year.
Published 15 Jun, 2008 12:00am
New duty structure for polyester chain introduced

New duty structure for polyester chain introduced

The Federal Board of Revenue has introduced a new duty structure applicable on polyester chain from July 1, 2008. Under the new tariff scheme announced for the polyester chain, duty on pure terephthalic acid (PTA) and Polyester Stable Fiber (PSF) has been
Published 15 Jun, 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 Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
New duty structure for polyester chain introduced

New duty structure for polyester chain introduced

The Federal Board of Revenue has introduced a new duty structure applicable on polyester chain from July 1, 2008. Under the new tariff scheme announced for the polyester chain, duty on pure terephthalic acid (PTA) and Polyester Stable Fiber (PSF) has been
Published 15 Jun, 2008 12:00am
New duty structure for polyester chain introduced

New duty structure for polyester chain introduced

The Federal Board of Revenue has introduced a new duty structure applicable on polyester chain from July 1, 2008. Under the new tariff scheme announced for the polyester chain, duty on pure terephthalic acid (PTA) and Polyester Stable Fiber (PSF) has been
Published 15 Jun, 2008 12:00am
Duty on various POL products abolished

Duty on various POL products abolished

The Federal Board of Revenue has proposed to abolish customs duty on the import of bitumen and different petroleum products. According to new Pakistan Customs Tariff (PCT) 2008-2009.
Published 15 Jun, 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 Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
Duty on various POL products abolished

Duty on various POL products abolished

The Federal Board of Revenue has proposed to abolish customs duty on the import of bitumen and different petroleum products. According to new Pakistan Customs Tariff (PCT) 2008-2009.
Published 15 Jun, 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 Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
Duty on various POL products abolished

Duty on various POL products abolished

The Federal Board of Revenue has proposed to abolish customs duty on the import of bitumen and different petroleum products. According to new Pakistan Customs Tariff (PCT) 2008-2009.
Published 15 Jun, 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 Saturday (June 14, 2008).

Published 15 Jun, 2008 12:00am
Budgets of Punjab and Sindh on June 16

Budgets of Punjab and Sindh on June 16

The Punjab provincial budget for the financial year 2008-09 will be presented in the Punjab Assembly on June 16, 2008 at 11:00 am, by Finance Minister Tanvir Ashraf Kaira. He would also present Supplementary Budget for 2007-08. Muhammad Iqbal, Speaker of
Published 15 Jun, 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 15 Jun, 2008 12:00am
Budgets of Punjab and Sindh on June 16

Budgets of Punjab and Sindh on June 16

The Punjab provincial budget for the financial year 2008-09 will be presented in the Punjab Assembly on June 16, 2008 at 11:00 am, by Finance Minister Tanvir Ashraf Kaira. He would also present Supplementary Budget for 2007-08. Muhammad Iqbal, Speaker of
Published 15 Jun, 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 15 Jun, 2008 12:00am
Budgets of Punjab and Sindh on June 16

Budgets of Punjab and Sindh on June 16

The Punjab provincial budget for the financial year 2008-09 will be presented in the Punjab Assembly on June 16, 2008 at 11:00 am, by Finance Minister Tanvir Ashraf Kaira. He would also present Supplementary Budget for 2007-08. Muhammad Iqbal, Speaker of
Published 15 Jun, 2008 12:00am