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Print - 2008-07-09
'Karachi blasts a conspiracy against democracy'

'Karachi blasts a conspiracy against democracy'

Provincial Minister for Interior and Forest Dr Zulfiqar Ali Mirza has said that the recent bomb blasts in Karachi were aimed at destabilising democracy in the country, says a press release. The minister directed the investigation team to early complete th
Published 09 Jul, 2008 12:00am
Businessmen assured of cut in gas tariff

Businessmen assured of cut in gas tariff

The federal government has given a signal to the business community for reduction in the gas tariff, however the final decision would be taken by the Ministerial Committee meeting on Thursday.
Published 09 Jul, 2008 12:00am
Businessmen assured of cut in gas tariff

Businessmen assured of cut in gas tariff

The federal government has given a signal to the business community for reduction in the gas tariff, however the final decision would be taken by the Ministerial Committee meeting on Thursday.
Published 09 Jul, 2008 12:00am
Businessmen assured of cut in gas tariff

Businessmen assured of cut in gas tariff

The federal government has given a signal to the business community for reduction in the gas tariff, however the final decision would be taken by the Ministerial Committee meeting on Thursday.
Published 09 Jul, 2008 12:00am
LSE equities suffer losses

LSE equities suffer losses

Equities on the Lahore Stock Exchange on Tuesday witnessed another dull trading day with a record low transaction volume following the panic arising out of the series of bomb blasts in Karachi soon after a day in the federal capital.
Published 09 Jul, 2008 12:00am
LSE equities suffer losses

LSE equities suffer losses

Equities on the Lahore Stock Exchange on Tuesday witnessed another dull trading day with a record low transaction volume following the panic arising out of the series of bomb blasts in Karachi soon after a day in the federal capital.
Published 09 Jul, 2008 12:00am
Africa to get much of G8 energy investment: Brown

Africa to get much of G8 energy investment: Brown

Much of the new money pledged at a Group of Eight summit for investment in cleaner energy will go to Africa, British Prime Minister Gordon Brown said on Tuesday. G8 leaders pledged $6 billion to three funds run by the World Bank and $44 billion of its mon
Published 09 Jul, 2008 12:00am
Pakistan not behind bombing in Kabul: Prime Minister

Pakistan not behind bombing in Kabul: Prime Minister

Pakistan is not behind the suicide bombing that ripped through the Indian embassy in Kabul, killing 41 people and wounding 139, Prime Minister Yousaf Raza Gilani said on Tuesday. Afghan authorities had suggested that Monday's attack was co-ordinated with
Published 09 Jul, 2008 12:00am
Pakistan not behind bombing in Kabul: Prime Minister

Pakistan not behind bombing in Kabul: Prime Minister

Pakistan is not behind the suicide bombing that ripped through the Indian embassy in Kabul, killing 41 people and wounding 139, Prime Minister Yousaf Raza Gilani said on Tuesday. Afghan authorities had suggested that Monday's attack was co-ordinated with
Published 09 Jul, 2008 12:00am
Ukrainian wheat due on July 16

Ukrainian wheat due on July 16

The first consignment of 0.140 million tons of imported wheat costing $399.45 per ton from Ukraine will reach Karachi on July 16, well-placed sources told Business Recorder, here on Tuesday. Sources said that the country faced acute shortage of flo
Published 09 Jul, 2008 12:00am
Ukrainian wheat due on July 16

Ukrainian wheat due on July 16

The first consignment of 0.140 million tons of imported wheat costing $399.45 per ton from Ukraine will reach Karachi on July 16, well-placed sources told Business Recorder, here on Tuesday. Sources said that the country faced acute shortage of flo
Published 09 Jul, 2008 12:00am
Ukrainian wheat due on July 16

Ukrainian wheat due on July 16

The first consignment of 0.140 million tons of imported wheat costing $399.45 per ton from Ukraine will reach Karachi on July 16, well-placed sources told Business Recorder, here on Tuesday. Sources said that the country faced acute shortage of flo
Published 09 Jul, 2008 12:00am
Siemens unveils huge layoff plan involving 16,750 jobs

Siemens unveils huge layoff plan involving 16,750 jobs

German engineering giant Siemens presented on Tuesday one of its biggest restructuring plans ever, saying it would cut 16,750 jobs world-wide, of which nearly one-third would be at home.
Published 09 Jul, 2008 12:00am
Rs 519 billion water project runs into snags

Rs 519 billion water project runs into snags

The sanitation project of Japan International Corporation Agency (JICA) costing Rs 519 billion has yet not been finalised, owing to departmental disputes among the officials of Karachi Water and Sewerage Board (KW&SB) and other concerned departments.
Published 09 Jul, 2008 12:00am
Rs 519 billion water project runs into snags

Rs 519 billion water project runs into snags

The sanitation project of Japan International Corporation Agency (JICA) costing Rs 519 billion has yet not been finalised, owing to departmental disputes among the officials of Karachi Water and Sewerage Board (KW&SB) and other concerned departments.
Published 09 Jul, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Jul, 2008 12:00am
Rs 519 billion water project runs into snags

Rs 519 billion water project runs into snags

The sanitation project of Japan International Corporation Agency (JICA) costing Rs 519 billion has yet not been finalised, owing to departmental disputes among the officials of Karachi Water and Sewerage Board (KW&SB) and other concerned departments.
Published 09 Jul, 2008 12:00am
Coalition holds Gulf exercises to protect oil installations

Coalition holds Gulf exercises to protect oil installations

US and allied navies on Tuesday wound up exercises in the Gulf, the US Fifth Fleet said, as Iran warned it would strike American interests in response to any attack over its nuclear programme. The Bahrain-based Fifth Fleet said the five-day drill was aime
Published 09 Jul, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (July 08, 2008).

Published 09 Jul, 2008 12:00am
Benazir's assassination: Qureshi off to US to pursue UN inquiry

Benazir's assassination: Qureshi off to US to pursue UN inquiry

Foreign Minister Makhdoom Shah Mahmood Qureshi left on Tuesday for New York to have consultations with the UN Secretary General Ban Ki-moon on Pakistan's request for international inquiry under the UN into the tragic assassination of Shaheed Mohtarma Bena
Published 09 Jul, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 09 Jul, 2008 12:00am
KASB Funds announces final dividend

KASB Funds announces final dividend

KASB (Khadim Ali Shah Bukhari) Funds has announced final dividend distribution on KASB Liquid Fund and KASB Islamic Income Fund at a rate of Rs 2.75 per unit and Rs 0.55 per unit, respectively, out of their distributable income for financial year ended Ju
Published 09 Jul, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Jul, 2008 12:00am
KASB Funds announces final dividend

KASB Funds announces final dividend

KASB (Khadim Ali Shah Bukhari) Funds has announced final dividend distribution on KASB Liquid Fund and KASB Islamic Income Fund at a rate of Rs 2.75 per unit and Rs 0.55 per unit, respectively, out of their distributable income for financial year ended Ju
Published 09 Jul, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Jul, 2008 12:00am
FBR removes anomaly in tax on house rent allowance

FBR removes anomaly in tax on house rent allowance

The Federal Board of Revenue (FBR) has removed an anomaly in the income tax law for calculation of income tax from salaried class on house rent allowance, which is part of the salary. In this regard, the FBR has amended Income Tax Rules, 2002 through an S
Published 09 Jul, 2008 12:00am
FBR removes anomaly in tax on house rent allowance

FBR removes anomaly in tax on house rent allowance

The Federal Board of Revenue (FBR) has removed an anomaly in the income tax law for calculation of income tax from salaried class on house rent allowance, which is part of the salary. In this regard, the FBR has amended Income Tax Rules, 2002 through an S
Published 09 Jul, 2008 12:00am
FBR removes anomaly in tax on house rent allowance

FBR removes anomaly in tax on house rent allowance

The Federal Board of Revenue (FBR) has removed an anomaly in the income tax law for calculation of income tax from salaried class on house rent allowance, which is part of the salary. In this regard, the FBR has amended Income Tax Rules, 2002 through an S
Published 09 Jul, 2008 12:00am
FBR removes anomaly in tax on house rent allowance

FBR removes anomaly in tax on house rent allowance

The Federal Board of Revenue (FBR) has removed an anomaly in the income tax law for calculation of income tax from salaried class on house rent allowance, which is part of the salary. In this regard, the FBR has amended Income Tax Rules, 2002 through an S
Published 09 Jul, 2008 12:00am
US targets Iranian firms over nuclear programme

US targets Iranian firms over nuclear programme

The US Treasury said on Tuesday it has designated four Iranian firms for their ties to the country's nuclear and missile programs, a move that bans US companies from dealing with them and freezes any assets they may have under US jurisdiction.
Published 09 Jul, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (July 08, 2008).

Published 09 Jul, 2008 12:00am
US targets Iranian firms over nuclear programme

US targets Iranian firms over nuclear programme

The US Treasury said on Tuesday it has designated four Iranian firms for their ties to the country's nuclear and missile programs, a move that bans US companies from dealing with them and freezes any assets they may have under US jurisdiction.
Published 09 Jul, 2008 12:00am
Commerce ministry grants fresh license to SAI

Commerce ministry grants fresh license to SAI

The Ministry of Commerce has granted a fresh License under Section 3(2) of the Trade Organisations Ordinance, 2007 to the Site Association of Industry (SAI). This license has been granted in exercise of powers conferred by section 3 of the Trade Organisat
Published 09 Jul, 2008 12:00am
Commerce ministry grants fresh license to SAI

Commerce ministry grants fresh license to SAI

The Ministry of Commerce has granted a fresh License under Section 3(2) of the Trade Organisations Ordinance, 2007 to the Site Association of Industry (SAI). This license has been granted in exercise of powers conferred by section 3 of the Trade Organisat
Published 09 Jul, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 08, 2008).

Published 09 Jul, 2008 12:00am
Commerce ministry grants fresh license to SAI

Commerce ministry grants fresh license to SAI

The Ministry of Commerce has granted a fresh License under Section 3(2) of the Trade Organisations Ordinance, 2007 to the Site Association of Industry (SAI). This license has been granted in exercise of powers conferred by section 3 of the Trade Organisat
Published 09 Jul, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 08, 2008).

Published 09 Jul, 2008 12:00am
Panel urges new law on US war powers

Panel urges new law on US war powers

The US president should be forced by law to consult Congress before going to war, a bipartisan panel including several prominent former US officials said on Tuesday. The commission led by former Secretaries of State James Baker, a Republican, and Warren C
Published 09 Jul, 2008 12:00am
Panel urges new law on US war powers

Panel urges new law on US war powers

The US president should be forced by law to consult Congress before going to war, a bipartisan panel including several prominent former US officials said on Tuesday. The commission led by former Secretaries of State James Baker, a Republican, and Warren C
Published 09 Jul, 2008 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 14th June, 2008.

Published 09 Jul, 2008 12:00am
'Sunday blast probe heading in right direction'

'Sunday blast probe heading in right direction'

The Advisor to Prime Minister on Interior, Rehman Malik, has said that investigation in Sunday's suicide blast is moving in the right direction as reconstruction of the decomposed face of the suicide bomber is in process, which would help in reaching up t
Published 09 Jul, 2008 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 14th June, 2008.

Published 09 Jul, 2008 12:00am
Senate body calls for improvements in civil service

Senate body calls for improvements in civil service

With 2.8 million employees working for the central government, the Senate Standing Committee on Cabinet on Tuesday, finally acknowledged the need for proper in-service training to improve the performance of civil servants. The committee observed that civi
Published 09 Jul, 2008 12:00am
First phase of Lyari operation ends

First phase of Lyari operation ends

The first phase of Lyari operation has been completed with the arrest of several members of two rival groups involved in gang war since a long time, who had made the life of area people miserable, Aaj TV said. Sindh government had given special pow
Published 09 Jul, 2008 12:00am
Rangers told to help secure Karachi

Rangers told to help secure Karachi

In the wake of a series of bomb blasts in the city, the federal government has directed the Sindh Rangers to extend all possible assistance to the provincial government and police in order to ensure peace and order in the city at large.
Published 09 Jul, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (July 08, 2008) and for Wednesday (July 09, 2008).
Published 09 Jul, 2008 12:00am
FBR transfers and postings

FBR transfers and postings

The Federal Board of Revenue has transferred and posted 52 officials of income tax and customs/excise groups (Grade-19) with immediate effect.
Published 09 Jul, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 08, 2008).

Published 09 Jul, 2008 12:00am
Wheat supply by Punjab to NWFP: meeting to review progress on July 10

Wheat supply by Punjab to NWFP: meeting to review progress on July 10

Food ministers and officials of Punjab and NWFP will be meeting here in Lahore on July 10, 2008 to review the progress on the agreement reached between the two provinces in April this year for provision of wheat and flour to NWFP by Punjab during 2008-09.
Published 09 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 08, 2008).

Published 09 Jul, 2008 12:00am
Minfal meeting to evolve strategy to protect cotton crop

Minfal meeting to evolve strategy to protect cotton crop

The Ministry of Food Agriculture and Livestock (Minfal) has called an emergency meeting to formulate a strategy to protect cotton crop from lethal virus of mealy bug, which is threatening the production target of 14.1 million bales for the year, it was le
Published 09 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 08, 2008).

Published 09 Jul, 2008 12:00am
Training key to enhance professional skills: CoAS

Training key to enhance professional skills: CoAS

Chief of Army Staff (CoAS), General Ashfaq Kayani, said on Tuesday that the hard professional training was key to harness the professional skills which were required to give a cutting edge to Army. The CoAS was addressing the garrison officers, during his
Published 09 Jul, 2008 12:00am
128 million added to country's population during 58 years

128 million added to country's population during 58 years

Almost 128 million persons were added to the country's population during the last 58 years (1951-2008) whereas the annual growth has risen from 1 percent to 2 percent reflecting that if it continued with the same pace the population would double in 2045,
Published 09 Jul, 2008 12:00am
'SBP policies set to push 50 percent population below poverty line'

'SBP policies set to push 50 percent population below poverty line'

The subjective monetary policies and superficial measures by the State Bank of Pakistan (SBP) are set to push over 50 percent population below the poverty line by the end of this fiscal year and there are looming signs of the recession due to ever-increas
Published 09 Jul, 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 09 Jul, 2008 12:00am
Plan to collect additional Rs 15 billion finalised by FBR

Plan to collect additional Rs 15 billion finalised by FBR

The Federal Board of Revenue (FBR) has finalised the annual plan for collection of additional Rs 15 billion during 2008-09 through administrative measures, including strict enforcement of tax laws.
Published 09 Jul, 2008 12:00am
The Weather

The Weather

The weather report on Tuesday (July 08, 2008) and the forecast for Wednesday (July 09, 2008).

Published 09 Jul, 2008 12:00am
Opportunities exist to set up desalination plants

Opportunities exist to set up desalination plants

There are opportunities to set up desalination plants by utilising solar energy to bring a vast area of barren land under cultivation. Sindh Minister for Environment and Alternate Energy, Askari Taqvi stated this. He was talking to Nadir Abdul Latif, head
Published 09 Jul, 2008 12:00am
PML-Q leaders condole Khatir Ghaznavi's death

PML-Q leaders condole Khatir Ghaznavi's death

President of Pakistan Muslim League (PML-Q) Chaudhry Shujaat Hussain, Central Vice President Muhammad Ali Durrani and Secretary General Senator Mushahid Hussain Sayed have condoled the demise of renowned poet, researcher, columnist and vice president of t
Published 09 Jul, 2008 12:00am
Plan to air-link Mirpur with rest of the world

Plan to air-link Mirpur with rest of the world

AJK government is contemplating to air-link Azad Jammu Kashmir's fast expanding model city of Mirpur with rest of the world through the establishment of an international airport in order to provide direct air travelling facilities to the people of Mirpur,
Published 09 Jul, 2008 12:00am
LHC issues notices to Punjab University vice chancellor and director

LHC issues notices to Punjab University vice chancellor and director

The Lahore High Court has issued notices for July 13 to Punjab University Vice Chancellor Professor Dr Mujahid Kamran and Institute of Communication Studies Director Professor Dr Mugheesuddin in a petition alleging discrimination against PhD students.
Published 09 Jul, 2008 12:00am
High fuel prices affect agriculture sector

High fuel prices affect agriculture sector

Rising petroleum prices would affect the agriculture sector of the country as farmers are dependent on fuel to operate their tube-wells for producing water, which is the basic need for the irrigation and growth of the crops.
Published 09 Jul, 2008 12:00am
Administrator of government-run seminary shot dead in Swat

Administrator of government-run seminary shot dead in Swat

Unidentified gunmen have shot dead administrator of a government-run religious seminary in the troubled Swat valley, police said Tuesday. Maulana Masood came under attack at Sara Cheena area of Tehsil Charbagh on Monday night when he was on his way to hom
Published 09 Jul, 2008 12:00am
'Government committed to people's welfare'

'Government committed to people's welfare'

Pakistan High Commissioner to the United Kingdom Wajid Shamsul Hasan has said the new democratic government is committed to the welfare of the people of Pakistan and despite numerous challenges in all walks of life, initiatives have been taken for economi
Published 09 Jul, 2008 12:00am
Timely completion of projects directed

Timely completion of projects directed

The Azad Jammu and Kashmire (AJK) government has directed the heads of all nation-building departments to utilise all possible available resources and to ensure timely completion of development projects of public welfare, official sources said.
Published 09 Jul, 2008 12:00am
Azerbaijan reiterates support to Pakistan's stance on Kashmir

Azerbaijan reiterates support to Pakistan's stance on Kashmir

Azerbaijan has reiterated its support to Pakistan's principled stand on the Kashmir issue just as Pakistan has supported Azerbaijan on the issue of Armenia. These views were expressed by Azerbaijan Parliament Speaker Ogtay Asadov while talking to Pakistan
Published 09 Jul, 2008 12:00am
Senior lawyer Ghulam Mustafa laid to rest

Senior lawyer Ghulam Mustafa laid to rest

Renowned lawyer Ghulam Mustafa Qureshi was laid to rest here at Hazara graveyard on Tuesday. The funeral prayer was offered at the graveyard. A large number of lawyers, office-bearers of Balochistan and Quetta Bar Associations, writers, journalists and se
Published 09 Jul, 2008 12:00am
Karachi blasts

Karachi blasts

Within 24 hours of the deadly suicide-bombing attack in the nation's capital, the country's commercial hub, Karachi, was rocked by a string of blasts on Monday evening. While the Islamabad bombing took some 20 lives, mostly of police personnel, the Karach
Published 09 Jul, 2008 12:00am
The regime of negative reciprocity

The regime of negative reciprocity

Do you recall the Darfur tragedy? It caught the attention of the international community in February 2003. More than 5 years later the devils on horseback are still ravaging not only in Darfur itself, but also they have spread the conflict into Chad.
Published 09 Jul, 2008 12:00am
Need for a rethink

Need for a rethink

According to a press report, the government is about to close the Khushhal Pakistan Fund, set up less than three years ago under public-private partnership in support of Pakistan Khushhal Programme to promote poverty reduction schemes in the less develope
Published 09 Jul, 2008 12:00am
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