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Print - 2008-07-24
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 Jul, 2008 12:00am
Riyadh denies Danish embassy bomber was Saudi

Riyadh denies Danish embassy bomber was Saudi

Saudi Arabia's ambassador to Pakistan denied an al Qaeda claim that a suicide attacker who bombed the Danish embassy in Islamabad last month was a Saudi, in comments published on Wednesday. "No Saudi was involved in the terrorist attack against the Danish
Published 24 Jul, 2008 12:00am
Benazir's killing: Munir refutes report about UN probe cost

Benazir's killing: Munir refutes report about UN probe cost

Pakistan's Ambassador to the United Nations, Munir Akram, on Wednesday described as an "exaggeration" a media report claiming that UN investigation into the assassination of former prime minister Benazir Bhutto would cost over $100 million.
Published 24 Jul, 2008 12:00am
Qureshi arrives in UK

Qureshi arrives in UK

Pakistan Foreign Minister Shah Mahmood Qureshi arrived here on Wednesday at the start of his three-day official visit to the United Kingdom at the invitation of his British counterpart David Miliband. The Foreign Minister who arrived by a regular PIA flig
Published 24 Jul, 2008 12:00am
FWBL generates Rs 238 million profits

FWBL generates Rs 238 million profits

The First Women Bank Limited (FWBL) generated the operational profits of Rs 238 million in the year 2007. During the year, the Bank showed the record growth in all financial key components. The total advances portfolio reached the highest position of Rs 3
Published 24 Jul, 2008 12:00am
FWBL generates Rs 238 million profits

FWBL generates Rs 238 million profits

The First Women Bank Limited (FWBL) generated the operational profits of Rs 238 million in the year 2007. During the year, the Bank showed the record growth in all financial key components. The total advances portfolio reached the highest position of Rs 3
Published 24 Jul, 2008 12:00am
AEI acquires controlling interest in DHA Cogen

AEI acquires controlling interest in DHA Cogen

The Ashmore Energy International (AEI) announced on Wednesday that it has acquired a controlling interest in DHA Cogen Limited (DCL) located here. A statement said that closing of the acquisition, which includes AEI's right to hold up to a 52.99 percent i
Published 24 Jul, 2008 12:00am
BJP expels eight MPs after government wins vote

BJP expels eight MPs after government wins vote

India's main opposition movement, the Hindu nationalist Bharatiya Janata Party (BJP), on Wednesday expelled eight of its MPs who switched loyalties in a government confidence vote. The vote on Tuesday was triggered by left-wing parties who withdrew their
Published 24 Jul, 2008 12:00am
BJP expels eight MPs after government wins vote

BJP expels eight MPs after government wins vote

India's main opposition movement, the Hindu nationalist Bharatiya Janata Party (BJP), on Wednesday expelled eight of its MPs who switched loyalties in a government confidence vote. The vote on Tuesday was triggered by left-wing parties who withdrew their
Published 24 Jul, 2008 12:00am
Majority of economists see McCain better for stocks

Majority of economists see McCain better for stocks

The US stock market would fare better in the first year after a victory by Republican presidential candidate John McCain than by his Democratic rival Barack Obama, according to a majority of economists at US banks and research groups polled by Reuters. Bu
Published 24 Jul, 2008 12:00am
'Infrastructure could spur new US stimulus'

'Infrastructure could spur new US stimulus'

The US Congress is discussing a second economic stimulus bill that could include nearly $15 billion in infrastructure spending, a senior member of the House of Representatives told Reuters on Tuesday.
Published 24 Jul, 2008 12:00am
Bullish trend on ISE

Bullish trend on ISE

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE), where equities witnessed broad-based recovery under the lead of trend-setters amid increase in index. ISE-10 Index was up by 18.11 points, as it closed from 2,566.69 to 2,583.80 points
Published 24 Jul, 2008 12:00am
Bullish trend on ISE

Bullish trend on ISE

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE), where equities witnessed broad-based recovery under the lead of trend-setters amid increase in index. ISE-10 Index was up by 18.11 points, as it closed from 2,566.69 to 2,583.80 points
Published 24 Jul, 2008 12:00am
LSE index gains 75.04 points

LSE index gains 75.04 points

Bulls dominated the proceedings at Lahore Stock Exchange (LSE) for the third consecutive day on Wednesday where equities registered recovery, mainly due to institutional buying, amid an ascending transaction volume. The LSE-25 index rose by 75.04 points a
Published 24 Jul, 2008 12:00am
LSE index gains 75.04 points

LSE index gains 75.04 points

Bulls dominated the proceedings at Lahore Stock Exchange (LSE) for the third consecutive day on Wednesday where equities registered recovery, mainly due to institutional buying, amid an ascending transaction volume. The LSE-25 index rose by 75.04 points a
Published 24 Jul, 2008 12:00am
External audit of Access to Justice plan ordered

External audit of Access to Justice plan ordered

Federal Minister for Law, Justice, Parliamentary Affairs and Human Rights Division Senator Farooq H. Naek has issued directives for conducting external audit of the Access to Justice Programme (AJP) while expressing his dissatisfaction over the performanc
Published 24 Jul, 2008 12:00am
External audit of Access to Justice plan ordered

External audit of Access to Justice plan ordered

Federal Minister for Law, Justice, Parliamentary Affairs and Human Rights Division Senator Farooq H. Naek has issued directives for conducting external audit of the Access to Justice Programme (AJP) while expressing his dissatisfaction over the performanc
Published 24 Jul, 2008 12:00am
CNG price issue simmering for months: ministry, Ogra pass the buck

CNG price issue simmering for months: ministry, Ogra pass the buck

Even after three weeks, the Ministry of Petroleum and Natural Resources (MP&NR) and the Oil and Gas Regulatory Authority (Ogra) are passing the buck to each other for taking action against CNG station owners for charging exorbitant rates compressed natura
Published 24 Jul, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (July 23, 2008).

Published 24 Jul, 2008 12:00am
CNG price issue simmering for months: ministry, Ogra pass the buck

CNG price issue simmering for months: ministry, Ogra pass the buck

Even after three weeks, the Ministry of Petroleum and Natural Resources (MP&NR) and the Oil and Gas Regulatory Authority (Ogra) are passing the buck to each other for taking action against CNG station owners for charging exorbitant rates compressed natura
Published 24 Jul, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (July 23, 2008).

Published 24 Jul, 2008 12:00am
CNG price issue simmering for months: ministry, Ogra pass the buck

CNG price issue simmering for months: ministry, Ogra pass the buck

Even after three weeks, the Ministry of Petroleum and Natural Resources (MP&NR) and the Oil and Gas Regulatory Authority (Ogra) are passing the buck to each other for taking action against CNG station owners for charging exorbitant rates compressed natura
Published 24 Jul, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (July 23, 2008).

Published 24 Jul, 2008 12:00am
Government plans to issue short-term paper soon

Government plans to issue short-term paper soon

The government plans to issue short-term paper soon through the Central Directorate of National Savings, a Finance Ministry official told Reuters on Wednesday. "The government is planning to launch short-term paper of 3-, 6-, and 12-month duration through
Published 24 Jul, 2008 12:00am
Government plans to issue short-term paper soon

Government plans to issue short-term paper soon

The government plans to issue short-term paper soon through the Central Directorate of National Savings, a Finance Ministry official told Reuters on Wednesday. "The government is planning to launch short-term paper of 3-, 6-, and 12-month duration through
Published 24 Jul, 2008 12:00am
BRIndex30 up 371.34 points

BRIndex30 up 371.34 points

On Wednesday, the BRIndex30 opened in the positive zone at 11,039.12 and remained there for whole of the trading time. It closed at 11,410.46 with a net positive change of 371.34 points and percentage change of 3.36. It experienced intra-day high of 11,57
Published 24 Jul, 2008 12:00am
BRIndex30 up 371.34 points

BRIndex30 up 371.34 points

On Wednesday, the BRIndex30 opened in the positive zone at 11,039.12 and remained there for whole of the trading time. It closed at 11,410.46 with a net positive change of 371.34 points and percentage change of 3.36. It experienced intra-day high of 11,57
Published 24 Jul, 2008 12:00am
Bourse up on robust buying

Bourse up on robust buying

The Finance Minister''s announcement of launching a Rs 20 billion Equity Market Opportunity Fund, kept the bears out of the arena for the second consecutive session and the KSE-100 index gained another 233.69 points to close at 11,018.50 points level on W
Published 24 Jul, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (July 23, 2008).

Published 24 Jul, 2008 12:00am
Bourse up on robust buying

Bourse up on robust buying

The Finance Minister's announcement of launching a Rs 20 billion Equity Market Opportunity Fund, kept the bears out of the arena for the second consecutive session and the KSE-100 index gained another 233.69 points to close at 11,018.50 points level on We
Published 24 Jul, 2008 12:00am
Bourse up on robust buying

Bourse up on robust buying

The Finance Minister's announcement of launching a Rs 20 billion Equity Market Opportunity Fund, kept the bears out of the arena for the second consecutive session and the KSE-100 index gained another 233.69 points to close at 11,018.50 points level on We
Published 24 Jul, 2008 12:00am
$13.2 million rise in 2007-08 FDI

$13.2 million rise in 2007-08 FDI

Foreign direct investment (FDI) increased by a paltry 0.3 percent during last fiscal year (2007-08). As per State Bank of Pakistan statement, FDI stood at $5.153 billion at the end of fiscal year 2007-08 against $5.140 billion of 2006-07, depicting an inc
Published 24 Jul, 2008 12:00am
$13.2 million rise in 2007-08 FDI

$13.2 million rise in 2007-08 FDI

Foreign direct investment (FDI) increased by a paltry 0.3 percent during last fiscal year (2007-08). As per State Bank of Pakistan statement, FDI stood at $5.153 billion at the end of fiscal year 2007-08 against $5.140 billion of 2006-07, depicting an inc
Published 24 Jul, 2008 12:00am
$13.2 million rise in 2007-08 FDI

$13.2 million rise in 2007-08 FDI

Foreign direct investment (FDI) increased by a paltry 0.3 percent during last fiscal year (2007-08). As per State Bank of Pakistan statement, FDI stood at $5.153 billion at the end of fiscal year 2007-08 against $5.140 billion of 2006-07, depicting an inc
Published 24 Jul, 2008 12:00am
NAB initiates probe into two scams

NAB initiates probe into two scams

National Accountability Bureau has initiated inquiry into two scams pertaining to defrauding Standard Charted Bank and National Bank of Pakistan (NBP) through fake cheques worth Rs 9.996 million and 33 fake export bills amounting to Rs 195.216 million aga
Published 24 Jul, 2008 12:00am
NAB initiates probe into two scams

NAB initiates probe into two scams

National Accountability Bureau has initiated inquiry into two scams pertaining to defrauding Standard Charted Bank and National Bank of Pakistan (NBP) through fake cheques worth Rs 9.996 million and 33 fake export bills amounting to Rs 195.216 million aga
Published 24 Jul, 2008 12:00am
NAB initiates probe into two scams

NAB initiates probe into two scams

National Accountability Bureau has initiated inquiry into two scams pertaining to defrauding Standard Charted Bank and National Bank of Pakistan (NBP) through fake cheques worth Rs 9.996 million and 33 fake export bills amounting to Rs 195.216 million aga
Published 24 Jul, 2008 12:00am
Paper prices up by 8 to 25 percent

Paper prices up by 8 to 25 percent

Prices of local and imported paper, including newsprint, have surged by 8 percent to 25 percent due to continuous decline in the rupee value and rising cost of production after budget declaration, market sources said.
Published 24 Jul, 2008 12:00am
Paper prices up by 8 to 25 percent

Paper prices up by 8 to 25 percent

Prices of local and imported paper, including newsprint, have surged by 8 percent to 25 percent due to continuous decline in the rupee value and rising cost of production after budget declaration, market sources said.
Published 24 Jul, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (July 23, 2008).

Published 24 Jul, 2008 12:00am
Paper prices up by 8 to 25 percent

Paper prices up by 8 to 25 percent

Prices of local and imported paper, including newsprint, have surged by 8 percent to 25 percent due to continuous decline in the rupee value and rising cost of production after budget declaration, market sources said.
Published 24 Jul, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (July 23, 2008).
Published 24 Jul, 2008 12:00am
Proposal to ban sugar procurement by TCP irks Naveed

Proposal to ban sugar procurement by TCP irks Naveed

Finance Minister Syed Naveed Qamar is said to have got annoyed at the proposal put forth by Industries and Production Secretary Shahab Khawja to ban sugar procurement by Trading Corporation of Pakistan, well-placed sources told Business Recorder, h
Published 24 Jul, 2008 12:00am
Proposal to ban sugar procurement by TCP irks Naveed

Proposal to ban sugar procurement by TCP irks Naveed

Finance Minister Syed Naveed Qamar is said to have got annoyed at the proposal put forth by Industries and Production Secretary Shahab Khawja to ban sugar procurement by Trading Corporation of Pakistan, well-placed sources told Business Recorder, h
Published 24 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 Wednesday (July 23, 2008).

Published 24 Jul, 2008 12:00am
Proposal to ban sugar procurement by TCP irks Naveed

Proposal to ban sugar procurement by TCP irks Naveed

Finance Minister Syed Naveed Qamar is said to have got annoyed at the proposal put forth by Industries and Production Secretary Shahab Khawja to ban sugar procurement by Trading Corporation of Pakistan, well-placed sources told Business Recorder, h
Published 24 Jul, 2008 12:00am
Army winds up operation in Hangu: ISPR

Army winds up operation in Hangu: ISPR

Army on Wednesday wound up an operation in a north-western town near the Afghan border after clearing the area of Taliban forces, the military said. Authorities launched an offensive in Hangu last week after insurgents occupying the area killed 17 paramil
Published 24 Jul, 2008 12:00am
Army winds up operation in Hangu: ISPR

Army winds up operation in Hangu: ISPR

Army on Wednesday wound up an operation in a north-western town near the Afghan border after clearing the area of Taliban forces, the military said. Authorities launched an offensive in Hangu last week after insurgents occupying the area killed 17 paramil
Published 24 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 Wednesday (July 23, 2008).

Published 24 Jul, 2008 12:00am
US expert defends military aid to Pakistan

US expert defends military aid to Pakistan

The United States and Pakistan currently have a relatively high point of military relationship despite ups and downs, a noted American defence expert said while also strongly defending US security assistance for Islamabad's conventional balance with India
Published 24 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 Wednesday (July 23, 2008).

Published 24 Jul, 2008 12:00am
Coalition parties prefer dialogue to operation

Coalition parties prefer dialogue to operation

The ruling coalition, in a day-long critical meeting just a few days ahead of the Prime Minister's itinerary to the US, on Wednesday agreed to pursue a political discourse rather than operation to improve law and order in tribal areas, Swat and NWFP.
Published 24 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 Wednesday (July 23, 2008).

Published 24 Jul, 2008 12:00am
Coalition parties prefer dialogue to operation

Coalition parties prefer dialogue to operation

The ruling coalition, in a day-long critical meeting just a few days ahead of the Prime Minister's itinerary to the US, on Wednesday agreed to pursue a political discourse rather than operation to improve law and order in tribal areas, Swat and NWFP.
Published 24 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 24 Jul, 2008 12:00am
India softening stance on US farm offer

India softening stance on US farm offer

India welcomed on Wednesday an offer by the United States to limit its farm subsidies as part of efforts to save a global trade deal. "The first thing which we must take note of and must appreciate is that the United States is moving," Indian Commerce Min
Published 24 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 24 Jul, 2008 12:00am
US taxable money funds rise by $11.1 billion

US taxable money funds rise by $11.1 billion

US taxable money market funds reported inflows of $11.1 billion in the latest week, pushing assets to $2.97 trillion, the Money Fund Report said on Wednesday. Tax-free money funds had $5 billion of outflows, trimming assets to $508.5 billion, according to
Published 24 Jul, 2008 12:00am
Iran to get new Russian air defences by 2009: Israel

Iran to get new Russian air defences by 2009: Israel

Iran is set to receive an advanced Russian-made anti-aircraft system by the end of the year that could help fend off strikes against its nuclear facilities, senior Israeli defence sources said on Wednesday. First delivery of the S-300 missile batteries wa
Published 24 Jul, 2008 12:00am