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Print - 2008-07-04
FBR yet to create tax data warehouse

FBR yet to create tax data warehouse

The Federal Board of Revenue has so far not been able to create a national data warehouse, as the authorities have selected just one local consultant for networking of federal taxes data with the banks, National Database and Registration Authority (Nadra)
Published 04 Jul, 2008 12:00am
Bush to welcome Gilani on July 28

Bush to welcome Gilani on July 28

US President George W. Bush will welcome Prime Minister Yousuf Raza Gilani on July 28 for talks on issues including the war on terrorism, the White House announced Thursday. The two will also discuss bilateral co-operation on economic development and regi
Published 04 Jul, 2008 12:00am
Pak-Libya Holding maintain Pacra rating of 'AA', 'A1+'

Pak-Libya Holding maintain Pacra rating of 'AA', 'A1+'

On the basis of 2007 financial year results, the Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term rating of Pak-Libya Holding Company Limited at "AA-" (double A minus) and at "A1+" (A one plus) respectively.
Published 04 Jul, 2008 12:00am
Pak-Libya Holding maintain Pacra rating of 'AA', 'A1+'

Pak-Libya Holding maintain Pacra rating of 'AA', 'A1+'

On the basis of 2007 financial year results, the Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term rating of Pak-Libya Holding Company Limited at "AA-" (double A minus) and at "A1+" (A one plus) respectively.
Published 04 Jul, 2008 12:00am
Key decisions: PPP has not taken PML-N in the confidence: Nawaz

Key decisions: PPP has not taken PML-N in the confidence: Nawaz

Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif on Thursday for the first time openly alleged its coalition partner, Pakistan People's Party (PPP), for not taking his party into confidence while taking important decisions, particularly launching o
Published 04 Jul, 2008 12:00am
37 kiln workers freed: LHC directs SHO to produce six detainees

37 kiln workers freed: LHC directs SHO to produce six detainees

The Lahore High Court while releasing 37 kiln workers, directed SHO Saddar Phool Nagr police station to produce remaining six detainees, who, according to the petitioner, were removed from the kiln before the court bailiff reached there.
Published 04 Jul, 2008 12:00am
Chief Justice LHC lauds subordinate courts' performance

Chief Justice LHC lauds subordinate courts' performance

The Chief Justice of Lahore High Court (LHC) appreciated the efforts made by the subordinate courts to minimise the agonies of litigating women and children. The Chief Justice was presiding over a meeting of the District & Session Judges convened in the L
Published 04 Jul, 2008 12:00am
IHC summons AG in A Q Khan's 'illegal detention' case

IHC summons AG in A Q Khan's 'illegal detention' case

The Islamabad High Court (IHC) on Thursday directed the Attorney General to appear before the court on July 15 regarding 'illegal detention' case of top nuclear scientist Dr A.Q. Khan. The court also issued notice to Deputy Attorney General (DAG) Raja Abd
Published 04 Jul, 2008 12:00am
Lahore Chamber slams gas price hike

Lahore Chamber slams gas price hike

The Lahore Chamber of Commerce and Industry on Thursday severely criticised the government for unprecedented 31 percent increase in the gas prices and 68 percent in captive power generation and termed it a big blow to an already hard pressed industry.
Published 04 Jul, 2008 12:00am
15th Saarc summit to focus on security, energy crises: Bogollagama

15th Saarc summit to focus on security, energy crises: Bogollagama

The 15th Saarc Summit will focus on food security and energy crises to further enhance co-operation among the member countries of the region to face these challenges collectively. This was stated by Sri Lankan Foreign Minister Rohitha Bogollagama while ad
Published 04 Jul, 2008 12:00am
10 newly-elected Punjab MPAs take oath

10 newly-elected Punjab MPAs take oath

Out of 12 newly elected members of provincial assembly in the recently held bye-election, 10 took oath during the seventh session of the Punjab Assembly here Thursday.
Published 04 Jul, 2008 12:00am
Worried oil chiefs fail to find consensus

Worried oil chiefs fail to find consensus

The World Petroleum Congress wrapped up Thursday in the shadow of record crude prices, with concern growing about a third oil shock but with little consensus about what to do about it. After four days of meetings between the leading political and corporat
Published 04 Jul, 2008 12:00am
Worried oil chiefs fail to find consensus

Worried oil chiefs fail to find consensus

The World Petroleum Congress wrapped up Thursday in the shadow of record crude prices, with concern growing about a third oil shock but with little consensus about what to do about it. After four days of meetings between the leading political and corporat
Published 04 Jul, 2008 12:00am
Worried oil chiefs fail to find consensus

Worried oil chiefs fail to find consensus

The World Petroleum Congress wrapped up Thursday in the shadow of record crude prices, with concern growing about a third oil shock but with little consensus about what to do about it. After four days of meetings between the leading political and corporat
Published 04 Jul, 2008 12:00am
US forces' presence in Pakistan to make situation worse: Ackerman

US forces' presence in Pakistan to make situation worse: Ackerman

A key Democratic Congressman, Gary Ackerman, has urged greater US co-operation with Pakistan and its people as a noted American writer Thursday observed that President Bush's meeting with Prime Minister Gilani on July 28 symbolises great significance in t
Published 04 Jul, 2008 12:00am
US forces' presence in Pakistan to make situation worse: Ackerman

US forces' presence in Pakistan to make situation worse: Ackerman

A key Democratic Congressman, Gary Ackerman, has urged greater US co-operation with Pakistan and its people as a noted American writer Thursday observed that President Bush's meeting with Prime Minister Gilani on July 28 symbolises great significance in t
Published 04 Jul, 2008 12:00am
Cyprus ratifies EU treaty

Cyprus ratifies EU treaty

Cyprus on Thursday ratified the European Union's Lisbon Treaty despite the opposition of the eurosceptic communist party of President Demetris Christofias.
Published 04 Jul, 2008 12:00am
Cyprus ratifies EU treaty

Cyprus ratifies EU treaty

Cyprus on Thursday ratified the European Union's Lisbon Treaty despite the opposition of the eurosceptic communist party of President Demetris Christofias.
Published 04 Jul, 2008 12:00am
Fresh Tirah valley clashes leave five dead

Fresh Tirah valley clashes leave five dead

Five people were killed and seven injured in fresh clashes between rival groups in Tirah Valley, a private TV channel reported. On the sixth day of the ongoing violence in the area, shops were closed in Bara Bazar following reports of curfew imposition.
Published 04 Jul, 2008 12:00am
Fresh Tirah valley clashes leave five dead

Fresh Tirah valley clashes leave five dead

Five people were killed and seven injured in fresh clashes between rival groups in Tirah Valley, a private TV channel reported. On the sixth day of the ongoing violence in the area, shops were closed in Bara Bazar following reports of curfew imposition.
Published 04 Jul, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 03, 2008).
Published 04 Jul, 2008 12:00am
Shamshad presents new Rs 50, Rs 5 notes to Gilani

Shamshad presents new Rs 50, Rs 5 notes to Gilani

State Bank of Pakistan Governor Dr Shamshad Akhtar on Thursday presented new notes of Rs 50 and Rs 5 denominations to Prime Minister Syed Yousuf Raza Gilani and briefed him about their security features. She told the Prime Minister that the new designs of
Published 04 Jul, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 03, 2008).
Published 04 Jul, 2008 12:00am
East-west wrangle tops EU climate meeting agenda

East-west wrangle tops EU climate meeting agenda

The European Union's new French presidency expects tough negotiations as it seeks to balance the interests of east and west in an ambitious deal to protect the climate ahead of international talks in December. "It will not be easy - it will be much work,"
Published 04 Jul, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 03, 2008).
Published 04 Jul, 2008 12:00am
Eurozone retail sales rise more than expected

Eurozone retail sales rise more than expected

Retail sales in the eurozone rose more than expected in May, data showed, but analysts saw the jump in the volatile indicator as unlikely to point to improving health for a slowing economy burdened by inflation. Retail sales, an indication of consumer dem
Published 04 Jul, 2008 12:00am
Selling pressure grips ISE

Selling pressure grips ISE

The selling-pressure intensified in hot favourite stocks at Islamabad Stock Exchange (ISE), where bears remained in the front seat amid decrease in index. ISE-10 Index was down by 24.42 points as it closed from 2,714.86 to 2,690.44 points. The overall tur
Published 04 Jul, 2008 12:00am
Selling pressure grips ISE

Selling pressure grips ISE

The selling-pressure intensified in hot favourite stocks at Islamabad Stock Exchange (ISE), where bears remained in the front seat amid decrease in index. ISE-10 Index was down by 24.42 points as it closed from 2,714.86 to 2,690.44 points. The overall tur
Published 04 Jul, 2008 12:00am
LSE equities suffer losses

LSE equities suffer losses

Equities eroded values across the board amid a record low trading turnover due mainly to lack of interest on the part of investors as well as institutions on the Lahore Stock Exchange (LSE). The LSE-25 index shed 35.94 points and closed at 3758.24 points
Published 04 Jul, 2008 12:00am
LSE equities suffer losses

LSE equities suffer losses

Equities eroded values across the board amid a record low trading turnover due mainly to lack of interest on the part of investors as well as institutions on the Lahore Stock Exchange (LSE). The LSE-25 index shed 35.94 points and closed at 3758.24 points
Published 04 Jul, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (July 03, 2008).
Published 04 Jul, 2008 12:00am
Commanders urged to focus on professional excellence

Commanders urged to focus on professional excellence

The 109th Corps Commanders conference was held at General Headquarters on Thursday. The Chief of Army Staff, General Ashfaq Parvez Kayani chaired the meeting. This was a routine monthly conference. According to an ISPR press release issued here, the meeti
Published 04 Jul, 2008 12:00am
Commanders urged to focus on professional excellence

Commanders urged to focus on professional excellence

The 109th Corps Commanders conference was held at General Headquarters on Thursday. The Chief of Army Staff, General Ashfaq Parvez Kayani chaired the meeting. This was a routine monthly conference. According to an ISPR press release issued here, the meeti
Published 04 Jul, 2008 12:00am
PPAF asked to provide loans on subsidised rates

PPAF asked to provide loans on subsidised rates

Governor State Bank of Pakistan (SBP) Dr Shamshad Akthar on Thursday asked the Pakistan Poverty Alleviation Fund (PPAF) to provide loans on subsidised rates in rural areas as strengthening the micro-finance industry was badly needed in the country.
Published 04 Jul, 2008 12:00am
PPAF asked to provide loans on subsidised rates

PPAF asked to provide loans on subsidised rates

Governor State Bank of Pakistan (SBP) Dr Shamshad Akthar on Thursday asked the Pakistan Poverty Alleviation Fund (PPAF) to provide loans on subsidised rates in rural areas as strengthening the micro-finance industry was badly needed in the country.
Published 04 Jul, 2008 12:00am
PPAF asked to provide loans on subsidised rates

PPAF asked to provide loans on subsidised rates

Governor State Bank of Pakistan (SBP) Dr Shamshad Akthar on Thursday asked the Pakistan Poverty Alleviation Fund (PPAF) to provide loans on subsidised rates in rural areas as strengthening the micro-finance industry was badly needed in the country.
Published 04 Jul, 2008 12:00am
Big increase in urea price

Big increase in urea price

Urea price on Thursday shot up by Rs 70 per 50 kg bag in the domestic market in the wake of recent gas tariffs rise by 31 percent, market sources said. Being an essential input for crops, it is becoming costlier. Analysts say the rise in its prices as a d
Published 04 Jul, 2008 12:00am
Big increase in urea price

Big increase in urea price

Urea price on Thursday shot up by Rs 70 per 50 kg bag in the domestic market in the wake of recent gas tariffs rise by 31 percent, market sources said. Being an essential input for crops, it is becoming costlier. Analysts say the rise in its prices as a d
Published 04 Jul, 2008 12:00am
Big increase in urea price

Big increase in urea price

Urea price on Thursday shot up by Rs 70 per 50 kg bag in the domestic market in the wake of recent gas tariffs rise by 31 percent, market sources said. Being an essential input for crops, it is becoming costlier. Analysts say the rise in its prices as a d
Published 04 Jul, 2008 12:00am
Rajab moon may be sighted today

Rajab moon may be sighted today

The new Rajab moon should be sighted today (Friday), according to astronomical parameters. Therefore, Rajab One, 1429 AH should fall on Saturday. The moon crossed the conjunction line yesterday (Thursday) at 0819 Pakistan Summer Time (PST). The sunset tod
Published 04 Jul, 2008 12:00am
Rajab moon may be sighted today

Rajab moon may be sighted today

The new Rajab moon should be sighted today (Friday), according to astronomical parameters. Therefore, Rajab One, 1429 AH should fall on Saturday. The moon crossed the conjunction line yesterday (Thursday) at 0819 Pakistan Summer Time (PST). The sunset tod
Published 04 Jul, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 03, 2008).
Published 04 Jul, 2008 12:00am
BRIndex30 sheds 119.75 points

BRIndex30 sheds 119.75 points

On Thursday, the BRIndex30 opened at 13,016.45. It closed at 12,887.06 with a net negative change of -119.75 points and percentage change of -0.92. It saw intra-day high of 13,016.45 and intra-day low of 12,887.06. The volume amounted to 7,692,500, which
Published 04 Jul, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 03, 2008).
Published 04 Jul, 2008 12:00am
BRIndex30 sheds 119.75 points

BRIndex30 sheds 119.75 points

On Thursday, the BRIndex30 opened at 13,016.45. It closed at 12,887.06 with a net negative change of -119.75 points and percentage change of -0.92. It saw intra-day high of 13,016.45 and intra-day low of 12,887.06. The volume amounted to 7,692,500, which
Published 04 Jul, 2008 12:00am
KSE witnesses dull session

KSE witnesses dull session

The Karachi share market witnessed another dull session on Thursday and the KSE-100 index declined by 90.89 points to close at 12,035.21 points level due to lack of investors'' confidence and to negative economic and political outlook. The KSE-30 index de
Published 04 Jul, 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 (July 03, 2008).
Published 04 Jul, 2008 12:00am
KSE witnesses dull session

KSE witnesses dull session

The Karachi share market witnessed another dull session on Thursday and the KSE-100 index declined by 90.89 points to close at 12,035.21 points level due to lack of investors' confidence and to negative economic and political outlook. The KSE-30 index dec
Published 04 Jul, 2008 12:00am
KSE witnesses dull session

KSE witnesses dull session

The Karachi share market witnessed another dull session on Thursday and the KSE-100 index declined by 90.89 points to close at 12,035.21 points level due to lack of investors' confidence and to negative economic and political outlook. The KSE-30 index dec
Published 04 Jul, 2008 12:00am
UK to raise its assistance to 480 million pounds by 2011

UK to raise its assistance to 480 million pounds by 2011

The UK government will double its assistance for Pakistan up to 480 million pounds by 2011. The UK assistance will continue to focus on health, good governance and reconstruction of earthquake-hit areas. This was stated by British Secretary of State for I
Published 04 Jul, 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 Thursday (July 03, 2008).
Published 04 Jul, 2008 12:00am
UK to raise its assistance to 480 million pounds by 2011

UK to raise its assistance to 480 million pounds by 2011

The UK government will double its assistance for Pakistan up to 480 million pounds by 2011. The UK assistance will continue to focus on health, good governance and reconstruction of earthquake-hit areas. This was stated by British Secretary of State for I
Published 04 Jul, 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 Thursday (July 03, 2008).
Published 04 Jul, 2008 12:00am
UK to raise its assistance to 480 million pounds by 2011

UK to raise its assistance to 480 million pounds by 2011

The UK government will double its assistance for Pakistan up to 480 million pounds by 2011. The UK assistance will continue to focus on health, good governance and reconstruction of earthquake-hit areas. This was stated by British Secretary of State for I
Published 04 Jul, 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 Thursday (July 03, 2008).
Published 04 Jul, 2008 12:00am
Sharia could play part in English law: top judge

Sharia could play part in English law: top judge

The head of the judiciary in England and Wales said Thursday that Islamic sharia law could play a part in the legal system here. Lord Chief Justice Lord Nicholas Phillips's comments came after the head of the world's Anglicans, Archbishop of Canterbury Ro
Published 04 Jul, 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 04 Jul, 2008 12:00am
Four dead in riots over Hindu land

Four dead in riots over Hindu land

A scattered strike over the transfer of forest land to a Hindu shrine turned violent in central India on Thursday, with four people killed and dozens injured in religious clashes, police said. Strike supporters shut down transport and businesses in severa
Published 04 Jul, 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 04 Jul, 2008 12:00am
India, Iran to seal gas line deal 'by next month': Deora

India, Iran to seal gas line deal 'by next month': Deora

India expects to finalise a deal 'by next month' on a pipeline that will transport gas across the subcontinent from Iran, Indian Oil Minister Murli Deora told AFP on Thursday. He said the 7.5-billion-dollar (4.7-billion-euro) project to bring gas from Ira
Published 04 Jul, 2008 12:00am
Gazprom forecasts oil at 250 dollars ''very soon''

Gazprom forecasts oil at 250 dollars ''very soon''

Russian energy giant Gazprom forecast on Thursday that the price of oil will "very soon" rise to 250 dollars per barrel, bringing higher gas prices for European customers.
Published 04 Jul, 2008 12:00am
New York cotton

New York cotton

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

Published 04 Jul, 2008 12:00am
Gazprom forecasts oil at 250 dollars 'very soon'

Gazprom forecasts oil at 250 dollars 'very soon'

Russian energy giant Gazprom forecast on Thursday that the price of oil will "very soon" rise to 250 dollars per barrel, bringing higher gas prices for European customers.
Published 04 Jul, 2008 12:00am