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Print - 2008-08-08
Pre-arrest bail confirmed in rape case

Pre-arrest bail confirmed in rape case

A Lahore High Court Judge confirmed the pre-arrest bail of Zeeshan Ali Butt of Shakargarh, directing him to provide bail bonds worth Rs 50,000 with two sureties each in the like amount, to the satisfaction of the trial court.
Published 08 Aug, 2008 12:00am
Pakistan plans foreign listing of Kapco in October

Pakistan plans foreign listing of Kapco in October

Pakistan has plans for the foreign listing of Kot Addu Power Co (KAPCO), the country's largest private power producer, through the issuance of global depository receipts (GDRs) in October, the government said. No details on the size of the transaction wer
Published 08 Aug, 2008 12:00am
Pakistan plans foreign listing of Kapco in October

Pakistan plans foreign listing of Kapco in October

Pakistan has plans for the foreign listing of Kot Addu Power Co (KAPCO), the country's largest private power producer, through the issuance of global depository receipts (GDRs) in October, the government said. No details on the size of the transaction wer
Published 08 Aug, 2008 12:00am
Government urged to attract investment in energy sector

Government urged to attract investment in energy sector

Speakers at a seminar have asked the government to announce incentives and tax rebates to attract investors in the energy sector, so that the power crisis hindering the country's economic development could be eliminated. They also asked the government to
Published 08 Aug, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (August 07, 2008) and the forecast for Friday (August 08, 2008).

Published 08 Aug, 2008 12:00am
Rashid Chaudhry promoted

Rashid Chaudhry promoted

Punjab Government has promoted the Head of the Department of Psychiatry, Fatima Jinnah Medical College, Professor Dr Haroon Rashid Chaudhry to BS-20. Professor Haroon was working as Professor of Psychiatry on officiating basis for the last seven years.
Published 08 Aug, 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 08 Aug, 2008 12:00am
Professor Danishmand joins IIU

Professor Danishmand joins IIU

Professor Danishmand, former director of the Institute of Business Administration, Karachi (IBA) joined International Islamic University (IIU) here on Thursday. He had been appointed as Dean of faculty of Management Sciences (FMS), said a press release by
Published 08 Aug, 2008 12:00am
Intermediate Part-II result announced

Intermediate Part-II result announced

The Federal Board of Intermediate and Secondary Education on Thursday announced result of the Intermediate Part-II examination held in May/June this year. The overall pass percentage remained 78.74 percent. Zunaira Maryam of pre-engineering group, Army Pu
Published 08 Aug, 2008 12:00am
Rescue 1122 given under home department's control

Rescue 1122 given under home department's control

The Punjab government has given the administrative control of Punjab Emergency Service (Rescue 1122) to Home Department with immediate effect. Earlier, the Punjab Emergency Service (Rescue 1122) was under the administrative control of Planning and Develop
Published 08 Aug, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, (August 07, 2008).

Published 08 Aug, 2008 12:00am
Punjab Provincial Assembly passes resolution to do away with 58(2)B

Punjab Provincial Assembly passes resolution to do away with 58(2)B

Punjab Assembly in its eighth session on Thursday passed a resolution to do away with powers of president regarding 58(2)B saying that by this he could at will, unlawfully using power, dissolve elected federal as well as provincial assemblies, including e
Published 08 Aug, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, (August 07, 2008).

Published 08 Aug, 2008 12:00am
Rs 145 billion reserved for welfare of poor masses: Neelam

Rs 145 billion reserved for welfare of poor masses: Neelam

Minister for Population Welfare Punjab Neelam Jabbar Chaudhry has said that government has reserved Rs 145 billion for the welfare of poor masses. She said that Rs 30 billion would be spent for the provision of food items while Rs 1 billion have been rese
Published 08 Aug, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, (August 07, 2008).

Published 08 Aug, 2008 12:00am
Government to protect Punjab farmers' rights: Aulakh

Government to protect Punjab farmers' rights: Aulakh

Punjab Agriculture Minister Malik Ahmad Ali Aulakh has said the government will protect the rights of farmers, adding that fake pesticides and dealers will be dealt with irony hands. He stated this while addressing concluding session of the Planning Meeti
Published 08 Aug, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 07, 2008).

Published 08 Aug, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 07, 2008).

Published 08 Aug, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 07, 2008).

Published 08 Aug, 2008 12:00am
India deploys thousands more troops in IHK

India deploys thousands more troops in IHK

The Indian army is deploying around 10,000 extra soldiers in Kashmir to quell weeks of protests over land for a Hindu shrine that had sparked some of the state's worst religious riots in two decades.
Published 08 Aug, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (August 07, 2008) and for Friday (August 08, 2008).
Published 08 Aug, 2008 12:00am
India deploys thousands more troops in IHK

India deploys thousands more troops in IHK

The Indian army is deploying around 10,000 extra soldiers in Kashmir to quell weeks of protests over land for a Hindu shrine that had sparked some of the state's worst religious riots in two decades.
Published 08 Aug, 2008 12:00am
Nadra chairman resigns, Irshad likely to assume charge

Nadra chairman resigns, Irshad likely to assume charge

The Chairman National Database Registration Authority (NADRA) has resigned, while Irshad Hakeem will be the new Chairman of the Authority. According to official sources, the Chairman Nadra tendered his resignation to Interior Ministry on this Monday.
Published 08 Aug, 2008 12:00am
Nadra chairman resigns, Irshad likely to assume charge

Nadra chairman resigns, Irshad likely to assume charge

The Chairman National Database Registration Authority (NADRA) has resigned, while Irshad Hakeem will be the new Chairman of the Authority. According to official sources, the Chairman Nadra tendered his resignation to Interior Ministry on this Monday.
Published 08 Aug, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 07, 2008).

Published 08 Aug, 2008 12:00am
Gilani leaves for China

Gilani leaves for China

Prime Minister Syed Yousuf Raza Gilani left here on Thursday for China to represent Pakistan in the opening ceremony of the Beijing Olympics.
Published 08 Aug, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 07, 2008).

Published 08 Aug, 2008 12:00am
Gilani leaves for China

Gilani leaves for China

Prime Minister Syed Yousuf Raza Gilani left here on Thursday for China to represent Pakistan in the opening ceremony of the Beijing Olympics.
Published 08 Aug, 2008 12:00am
Former Refco president convicted

Former Refco president convicted

Tone Grant, the former president of Refco, once the largest independent commodities broker, was sentenced to 10 years in prison for his role in a scheme to hide huge trading losses from clients. His sentence was handed down by US District Judge Naomi Buch
Published 08 Aug, 2008 12:00am
Former Refco president convicted

Former Refco president convicted

Tone Grant, the former president of Refco, once the largest independent commodities broker, was sentenced to 10 years in prison for his role in a scheme to hide huge trading losses from clients. His sentence was handed down by US District Judge Naomi Buch
Published 08 Aug, 2008 12:00am
THE RUPEE: no change on interbank market

THE RUPEE: no change on interbank market

The rupee-dollar official parity rates stayed put in the interbank market on Thursday despite the higher demand for the US currency, dealers said.The rupee retained its overnight value versus the greenback for buying and selling at 72.50 and 72.55 amid ri
Published 08 Aug, 2008 12:00am
Osama's driver sentenced to less than six years

Osama's driver sentenced to less than six years

A military jury on Thursday sentenced Osama bin Laden's ex-driver Salim Hamdan to five years and six months in prison for supporting terrorism, far below the minimum 30 years prosecutors had requested.
Published 08 Aug, 2008 12:00am
THE RUPEE: no change on interbank market

THE RUPEE: no change on interbank market

The rupee-dollar official parity rates stayed put in the interbank market on Thursday despite the higher demand for the US currency, dealers said.The rupee retained its overnight value versus the greenback for buying and selling at 72.50 and 72.55 amid ri
Published 08 Aug, 2008 12:00am
Osama's driver sentenced to less than six years

Osama's driver sentenced to less than six years

A military jury on Thursday sentenced Osama bin Laden's ex-driver Salim Hamdan to five years and six months in prison for supporting terrorism, far below the minimum 30 years prosecutors had requested.
Published 08 Aug, 2008 12:00am
10 troops, 25 militants killed in Khar

10 troops, 25 militants killed in Khar

Hundreds of militants attacked a checkpost in a tribal area bordering Afghanistan, sparking fierce clashes in which 10 troops and 25 militants were killed, officials said on Thursday. Helicopter gunships pounded insurgent positions during the fighting, wh
Published 08 Aug, 2008 12:00am
10 troops, 25 militants killed in Khar

10 troops, 25 militants killed in Khar

Hundreds of militants attacked a checkpost in a tribal area bordering Afghanistan, sparking fierce clashes in which 10 troops and 25 militants were killed, officials said on Thursday. Helicopter gunships pounded insurgent positions during the fighting, wh
Published 08 Aug, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (August 07, 2008).

Published 08 Aug, 2008 12:00am
New York cotton futures end higher

New York cotton futures end higher

Cotton futures ended up over 2 percent on Thursday, extending a bounce from Tuesday's 11-month low below 69 cents a lb on options-related buying and outside market strength. Cotton for December delivery settled up 1.82 cents, or 2.6 percent, at 71.38 cent
Published 08 Aug, 2008 12:00am
US copper trims gains

US copper trims gains

US copper futures trimmed their gains by the close on Wednesday as a weaker tone in the energy markets and dim global demand prospects left the industrial metal stalled in a fragile state. Copper for September delivery ended up 0.65 cent at $3.4235 a lb o
Published 08 Aug, 2008 12:00am
Copper prices fall in Asia

Copper prices fall in Asia

Shanghai copper futures headed lower on Thursday and London prices butted against support as concerns about demand from China shook investors' faith in commodity markets. Growing signs that China's economy is slowing weighed on copper, and the zinc market
Published 08 Aug, 2008 12:00am
Copper steadies, nickel up

Copper steadies, nickel up

Copper prices were steady on Thursday, but are expected to fall in coming weeks as the pace of demand growth in China slows and consumption in the United States falls further. Three-month copper on the London Metal Exchange ended at $7,665 a tonne, up fro
Published 08 Aug, 2008 12:00am
Oil rises on Turkey pipeline fire

Oil rises on Turkey pipeline fire

Oil rose on Thursday on expectations a one million barrel per day pipeline that was attacked by Kurdish separatists in Turkey could remain shut for up to two weeks. The Baku-Tbilisi-Ceyhan (BTC) oil pipeline, which pumps the more than 1 percent of world s
Published 08 Aug, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Aug, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Aug, 2008 12:00am
Soft commodities up

Soft commodities up

Sugar, coffee and cocoa futures prices increased in sympathy with other commodities on Thursday, and dealers anticipated further upside in sugar owing to tightening supplies in the world's number two producer India. "The rise in sugar futures is a reactio
Published 08 Aug, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 Aug, 2008 12:00am
US platinum up

US platinum up

US platinum futures ended higher on Wednesday due to supply concerns following a national strike in top producer South Africa, and as miner Xstrata unveiled a take-over bid for platinum producer Lonmin. October platinum settles up $25.50, or 1.6 percent,
Published 08 Aug, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (August 07, 2008).

Published 08 Aug, 2008 12:00am
Platinum off highs in Asia

Platinum off highs in Asia

Platinum spurted above $1,600 an ounce on Thursday before dropping back as the impact of a one-day strike in main producer South Africa subsided and worries about falling demand for autocatalysts resurfaced.
Published 08 Aug, 2008 12:00am
Gold slips in Europe

Gold slips in Europe

Gold slipped on Thursday as the dollar rebounded against the euro after European Central Bank president Jean-Claude Trichet said he expects growth to weaken this year. Platinum steadied after a rise in prices fuelled by strike action in South Africa on We
Published 08 Aug, 2008 12:00am
US MIDDAY: cocoa and coffee firm

US MIDDAY: cocoa and coffee firm

Cocoa and arabica coffee futures trading on ICE Futures US moved higher in early trade Thursday, boosted by other firm commodities, but volume was thin, traders said. September rose 1.90 cents to $1.398 per lb by 9:29 am.
Published 08 Aug, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Aug, 2008 12:00am
US MIDDAY: sugar steadies

US MIDDAY: sugar steadies

Raw sugar futures on ICE Futures US at 1256 GMT. October raw sugar contract up 0.12 cent at 14.31 cents per lb. Trading from 14.02 to 14.44 cents. Volume was at 14,582 lots.
Published 08 Aug, 2008 12:00am
US MIDDAY: corn up

US MIDDAY: corn up

September corn was up 9-1/4 cents at $5.17-1/4 per bushel, new-crop December was up 9-1/4 at $5.37. Technically oversold and due for a recovery after the steep slide on Wednesday that was triggered by apparent forced long liquidation by a fund. Strong exp
Published 08 Aug, 2008 12:00am
US MIDDAY: wheat climbs

US MIDDAY: wheat climbs

September wheat was up 34 cents at $7.99-3/4 per bushel, December was up 33-1/2 at $8.24-1/4. Technical bounce after fund-driven sell-off on Wednesday; strong weekly export sales add support. USDA said 682,600 tonnes of US wheat (all 2008/09) sold for exp
Published 08 Aug, 2008 12:00am
US MIDDAY: soyabeans higher

US MIDDAY: soyabeans higher

August soyabean futures were up 21-1/2 cents at $12.42 per bushel, new-crop November was up 14 at $12.36. Technically oversold and due for a recovery after falling to four-month lows on Wednesday's fund-driven slide. Gains in crude oil supportive. August
Published 08 Aug, 2008 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures edged higher early Thursday in tandem with a rebound in the price of crude oil, but the market's fragile technical state kept prices skewed to the downside. Copper for September delivery was trading up 1.65 cents at $3.44 a lb by 10:28 a
Published 08 Aug, 2008 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

US gold futures erased initial gains to turn lower Thursday as the dollar surged, while platinum eased following the previous session's solid gains due to a strike and merger news. December gold was down $3.00 at $880.00 an ounce on the Comex division of
Published 08 Aug, 2008 12:00am
SEC unveils multibillion-dollar settlement with Citigroup

SEC unveils multibillion-dollar settlement with Citigroup

The Securities and Exchange Commission said Thursday it had reached a multibillion-dollar settlement with US banking giant Citigroup regarding its marketing of complex debt securities. The regulator said that under the settlement's terms, Citigroup has ag
Published 08 Aug, 2008 12:00am
SEC unveils multibillion-dollar settlement with Citigroup

SEC unveils multibillion-dollar settlement with Citigroup

The Securities and Exchange Commission said Thursday it had reached a multibillion-dollar settlement with US banking giant Citigroup regarding its marketing of complex debt securities. The regulator said that under the settlement's terms, Citigroup has ag
Published 08 Aug, 2008 12:00am
Bangladesh expatriate remittances hit record in July

Bangladesh expatriate remittances hit record in July

Money sent home by Bangladeshis working overseas hit a new record of $829.5 million in July, up from $567.11 million a year earlier, the central bank said on Thursday. Remittances totalled $7.94 billion in the 2007/08 financial year that ended in June, a
Published 08 Aug, 2008 12:00am
Senate body to probe into smuggling of wheat by FC

Senate body to probe into smuggling of wheat by FC

The Senate body on Food and Agriculture will probe the alleged wheat smuggling by the Frontier Constabulary (FC) from Qilla Abdullah in Balochistan and submit report to the House for taking necessary action.
Published 08 Aug, 2008 12:00am
Senate body to probe into smuggling of wheat by FC

Senate body to probe into smuggling of wheat by FC

The Senate body on Food and Agriculture will probe the alleged wheat smuggling by the Frontier Constabulary (FC) from Qilla Abdullah in Balochistan and submit report to the House for taking necessary action.
Published 08 Aug, 2008 12:00am
Senate body to probe into smuggling of wheat by FC

Senate body to probe into smuggling of wheat by FC

The Senate body on Food and Agriculture will probe the alleged wheat smuggling by the Frontier Constabulary (FC) from Qilla Abdullah in Balochistan and submit report to the House for taking necessary action.
Published 08 Aug, 2008 12:00am
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