News Archives for Print - 2008-09-27

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1600 GMT.

Published 27 Sep, 2008 12:00am

London sugar, cocoa rise

Sugar and cocoa futures rose in light volumes on Friday, with attention firmly focused on the stalling of a proposed $700-billion bailout of the US financial system. Robusta coffee futures traded weaker, in the middle of their recent range.

Published 27 Sep, 2008 12:00am

Gold jumps four percent in London

Gold jumped 4 percent on Friday as jittery investors rushed to buy bullion, seeking a safe asset as uncertainty over a proposed $700-billion US bailout rescue plan mounted. Technical buying further buoyed bullion's rally while the dollar offered some supp

Published 27 Sep, 2008 12:00am

US MIDDAY: coffee down, cocoa up

Arabica coffee futures lost some ground early Friday while cocoa held a steadier tone, as both markets continued to trade in a band of consolidation, traders said. Arabica coffee for December delivery was down 2.30 cents or 1.67 percent at $1.3530 per lb

Published 27 Sep, 2008 12:00am

US MIDDAY: sugar steadies

Raw sugar futures on ICE Futures US at 1247 GMT. March raw sugar contract rose 0.02 cent to 14.57 cents per lb. Volume was at 14,560 lots. Trading range from 14.30 to 14.70 cents.

Published 27 Sep, 2008 12:00am

US MIDDAY: corn weakens

Corn was down 7 to 10-1/4 cents per bushel, with December down 9-3/4 at 5.48-1/2 per bushel. Declines in crude oil weigh on corn prices, along with hesitant buying amid worries about the fate of the US economy as bank bailout talks stall.

Published 27 Sep, 2008 12:00am

US MIDDAY: wheat falls

Wheat was down 10 to 15 cents per bushel, with December was down 10-1/2 at $7.25-3/4 per bushel. Concerns about the US economy weigh on market, with $700 billion bank bailout talks at an impasse.

Published 27 Sep, 2008 12:00am

US MIDDAY: soyabeans lower

Soyabean futures were lower 8-3/4 to 16-3/4 cents per bushel, with November was down 15-3/4 at $11.67-1/4 per bushel. Declines in crude oil weigh on the market, along with hesitant buying amid worries about the fate of the US economy as bank bailout talks

Published 27 Sep, 2008 12:00am

US MIDDAY: copper dips

US copper futures fell more than 2 percent early Friday as waning confidence in the global economic outlook and stalled congressional talks surrounding a US $700 billion financial rescue plan re-energised the metal's downtrend, traders said.

Published 27 Sep, 2008 12:00am

US MIDDAY: gold rises

US gold futures climbed within a wide trading range Friday on the back of safe-haven buying amid signs of strains in the global banking system and uncertainty about whether Congress would can agree on a financial sector bailout plan. December gold was up

Published 27 Sep, 2008 12:00am

Promoting domestic tourism

The talk about marking the World Tourism Day today (September 27, 2008) is quite discouraging after the terror attack on the Marriott Hotel in which 52 precious lives were lost.

Published 27 Sep, 2008 12:00am

Partly Facetious: economy is our Achilles' heel in war on terror

"We can get rid of terrorists on our side of the border."

Published 27 Sep, 2008 12:00am

Andean farmers yearn for Bolivia's warmer climes

As Bolivia erupted into violence this month over President Evo Morales' leftist reforms, the future of farmers like Julio Mamani hangs in the balance. Mamani, 44, lives in an adobe shack, burns cow dung to heat up his food, and works other people's land f

Published 27 Sep, 2008 12:00am

A trial highlights Dubai cultural divide

Sex on the beach or drunken trysts may not raise eyebrows in many cities, but a recent case in Dubai has exposed a growing cultural divide between native Muslims and Western residents seeking fun in the sun. The story of a British pair facing possible jai

Published 27 Sep, 2008 12:00am

Market making - need of the hour

The history of pure derivative products in Pakistan is not very old; cash-settled stock futures were introduced last year, while stock index futures were introduced in the first quarter of 2008. Derivative products usually take 2 to 3 years to take off in

Published 27 Sep, 2008 12:00am

ECC decisions

The Economic Co-ordination Committee of the Cabinet (ECC), in its meeting chaired by Prime Minister Syed Yousuf Raza Gilani, last Tuesday, while approving a special package for textile sector with 7.5 percent duty drawback on total import value of PTA use

Published 27 Sep, 2008 12:00am

Covering violence

Speaking at an Iftar-dinner he hosted for media persons on Wednesday, Prime Minister Yousaf Raza Gilani expressed his displeasure over what he termed as exaggerated media coverage of bomb blasts and other acts of terrorism that, he said, had a telling eff

Published 27 Sep, 2008 12:00am

An indigenous bail-out package in the works

The rupee has fallen to yet another record low: 78.20 per dollar. The eventual removal of the floor from the Karachi Stock Exchange has raised the spectre of a freefall of all the scrips - a situation that led to a meeting between all the stakeholders on

Published 27 Sep, 2008 12:00am

Shawwal moon sighting on September 30

The meeting of Central Ruet-e-Hilal Committee for sighting the moon of Shawwal (Eid-ul-Fitr) 1429 Hijri will be held on Tuesday (September 30) at Habib Bank Plaza, Karachi. The meetings of zonal and district Ruet-e-Hilal committees will be held at their r

Published 27 Sep, 2008 12:00am

Haj awareness training programme from October 14

Federal Ministry for Religious Affairs, Zakat and Ushr has planned to organise 'Haj awareness training programme' for intending pilgrims for Haj 2008, from October 14. Haj awareness training programme would be conducted by the Ministry through its approve

Published 27 Sep, 2008 12:00am

Faisal avenue underpass to be opened next week

The Capital Development Authority (CDA) is all set to inaugurate much-delayed Faisal avenue underpass next week as the work is in final phase, said a senior CDA official here on Friday. He said carpeting of the road has already been started and the underp

Published 27 Sep, 2008 12:00am

Gaddani beach: PTDC to develop tourist resort with world class facilities

Pakistan Tourism Development Corporation (PTDC) has got approval of three mega projects from its board of directors, including construction of a tourist resort with world class facilities at Gaddani beach located on border of Sindh-Balochistan provinces a

Published 27 Sep, 2008 12:00am

Sheikh Ayaz International Conference

The Dean of Faculty of Arts University of Sindh Dr Muhammad Qasim Bughio has announced that four daylong 2nd Sheikh Ayaz International conferences on Language and Literature will begin on November 7.

Published 27 Sep, 2008 12:00am

AIOU conducts survey to analyse TEFL effectiveness

A country-wide survey was conducted to analyse effectiveness of diploma in TEFL (Teaching of English as a Foreign Language) offered by the Department of English Language and Applied Linguistics of Allama Iqbal Open University (AIOU).

Published 27 Sep, 2008 12:00am

JUI-F calls for holding talks with tribal elders

Deputy Secretary General Jamiat Ulema-e-Islam (JUI-F), former Speaker Balochistan Assembly, Malik Sikander Khan has said here on Friday that government should hold talks with the elders of tribal areas to control terrorism and solve other issues of Fata.

Published 27 Sep, 2008 12:00am

Zamir Akram appointed ambassador to UN

The government has appointed Zamir Akram as Pakistan's ambassador/permanent representative to the United Nations, Geneva. Zamir holds master degrees in International Affairs & International Relations and had joined Foreign Service in 1978.

Published 27 Sep, 2008 12:00am

Reception cancelled

In the aftermath of the terrorist attack on the Marriott Hotel, the reception of October 7, 2008 to celebrate the Day of German Unity at a local hotel, hosted by the Ambassador of the Federal Republic of Germany, Dr Michael Koch, has been cancelled. A pre

Published 27 Sep, 2008 12:00am

Japan extends $132,826 grant to AKCS

The Government of Japan has decided to extend grant assistance of $132,826 to Aga Khan Cultural Service (AKCS) (a non-profit organisation), under the scheme of Grant Assistance for Grass Root Human Security Projects for two projects to improve the water e

Published 27 Sep, 2008 12:00am

Senate body for blocking India's bid for permanent seat in UN Security Council

Chairman Senate Standing Committee on Foreign Relations Mushahid Hussain Sayed has said that President Asif Ali Zardari must have highlighted Kashmir issue in his address to the 63rd UN general assembly session, as it is core issue between Pakistan and In

Published 27 Sep, 2008 12:00am

Pakistan urges world community not to suspend visa, flight operations

The government has asked the international community not to suspend issuance of visas and flights to Pakistan, as foreign missions have been provided manifold security blanket. The Special Security Committee has been directed by the prime minister to beef

Published 27 Sep, 2008 12:00am

Foreign minister meets with German, Iranian counterparts

Foreign Minister Makhdoom Shah Mahmood Qureshi held meetings with Foreign Ministers of Germany and Iran on the sidelines of the 63rd session of the UN General Assembly in New York. According to a message received from New York, in his meeting with the Ger

Published 27 Sep, 2008 12:00am

Kashmiri Americans submit memorandum to UN chief

"The Kashmir question is one of the oldest unresolved international problems in the world. The experience of nearly six decades has shown that it will not go away and that an effort is urgently required to resolve it on a durable basis."

Published 27 Sep, 2008 12:00am

OIC reiterates firm support to Kashmir cause

In New York, Secretary General of the Organisation of Islamic Conference (OIC) Ekmeleddin Ihsanoglu, while reiterating OIC's firm commitment to the Kashmir cause, has condemned the use of force by Indian troops and urged India to take immediate steps to e

Published 27 Sep, 2008 12:00am

Allotment of plot: Hashwani bitter over CDA's indifference

Lack of reasonable entrance and exit along with the desired space for parking lot was the main cause behind Saturday's truck blast at Marriott Hotel, said hotel owner Sadruddin Hashwani, while talking to Business Recorder here on Friday.

Published 27 Sep, 2008 12:00am

Nato support sought for capacity building of Pakistani forces

Foreign Minister Makhdoom Shah Mahmood Qureshi on Friday asked for Nato and Pakistan's allies support for the democratically elected government through capacity building of its security forces and strengthening its economy. The minister said that the trib

Published 27 Sep, 2008 12:00am

UNHCR encashment centre to be closed on September 30

Afghan refugees returning home from Pakistan under the UN refugee agency's voluntary repatriation programme are informed that the facilitated return process will be temporarily suspended in Pakistan and Afghanistan on account of the Eid holidays with the

Published 27 Sep, 2008 12:00am

'ZTBL disbursed Rs 68 billion among farmers in fiscal year 2008'

Zarai Taraqiati Bank Limited (ZTBL) has disbursed Rs 68 billion among farming community during last year as against target of Rs 60 billion. This was stated by the Bank's Chief Muhammad Zaka Ashraf on the eve of inauguration of 'Deposit Management System'

Published 27 Sep, 2008 12:00am

Zardari for using tourism as economic engine

President Asif Ali Zardari has stressed for using tourism as a potential economic engine, and said it is important to maintain the standards of tourist industry, and save tourists and inhabitants from facing climatic changes.

Published 27 Sep, 2008 12:00am

Department of dentistry opened

Department of Dentistry has been opened at hospital of Mumtaz Bakhtawar Memorial Trust on the occasion of first death anniversary of the founder chairman of the hospital trust, Muhammad Shafi Mali. The Chief Executive Guard Group and Chairman Mumtaz Bakht

Published 27 Sep, 2008 12:00am

DCO inspects Ramazan bazaars

District Co-ordination Officer Bhawalpur Mushtaq Ahmed visited Ramazan bazaars and inspected the quality and price of the different edibles here on Friday. He urged the officials of the local administration to ensure provision of daily use items to the pe

Published 27 Sep, 2008 12:00am

Nawaz condemns train blast

Pakistan Muslim League-Nawaz (PML-N) Quaid Mian Nawaz Sharif has strongly condemned the bomb blast near Bahawalpur on Friday in which the railway track was damaged, resulting in the derailment of train and killing of innocent people. In a message, Nawaz e

Published 27 Sep, 2008 12:00am

Death anniversary

The fifth death anniversary of Nawabzada Nasrullah Khan MNA head of ARD and Chairman Kashmir Committee would be held in Khangargh on Saturday. Leaders of PDP and a large number of political activists would attend the Quran Khawani for the late leader. Naw

Published 27 Sep, 2008 12:00am

Punjab University establishes European bee farm

Punjab University has established a European bee "Apis mellifera" farm comprising 200 hives at its New Campus which help provide quality and tasteful honey to the people easily. Research is being carried out for improvement in management techniques, quali

Published 27 Sep, 2008 12:00am

Jummat-ul-Wida observed with religious fervour

The faithful thronged to mosques, as Jummat-ul-Wida, the last Friday of the holy month of Ramazan, was observed with religious fervour and sanctity amid stringent security measures adopted by the law-enforcing agencies on Friday. The faithful thronged mos

Published 27 Sep, 2008 12:00am

Comprehensive plan to develop northern Lahore: Hamza

The Punjab government has prepared a comprehensive plan of development of Northern Lahore under which besides construction and expansion of roads, facilities of provision and drainage of water would be increased. The Pakistan Muslim League-Nawaz (PML-N) l

Published 27 Sep, 2008 12:00am

DCOs asked to submit flour requirements

The food department Punjab has asked the district co-ordination officers (DCOs) to submit the flour requirements of their respective districts besides list of 'Tandoors' to ensure availability of Roti at Rs 2 across the province even after Ramazan as anno

Published 27 Sep, 2008 12:00am

Government should evolve strategy to fight militancy: HRCP

Chairperson Human Rights Commission of Pakistan (HRCP) Asma Jahangir has said that government should convene All Parties Conference and evolve a strategy to fight against the militancy and terrorism in the country. She also said that polices of the presen

Published 27 Sep, 2008 12:00am

Short courses in agriculture, food preservation soon

In order to meet the growing demand of skilled manpower in the economy, short training courses in the areas of agriculture, food preservation, civil technology, refrigeration and air conditioning and information technology would be started soon to train t

Published 27 Sep, 2008 12:00am

Symposium on food security from October 13

International symposium on "Modern approaches and Techniques in Agriculture to ensure Food Security" in Pakistan will be held on October 13 and 14, 2008 at University of Agriculture, Faisalabad in collaboration with the Higher Education Commission (HEC).

Published 27 Sep, 2008 12:00am

Youme-al-Quds, Jumatul Wida observed

Hundreds of Shiites on Friday staged two big demonstrations in Multan to observe the "Youme-al-Quds" to condemn the United States and Israeli aggression. Participants shouted slogans, "Down with America," "Down with Jews," "We vow to liberate Palestine."

Published 27 Sep, 2008 12:00am

Kohat Tunnel, Indus Highway to open today

Kohat tunnel and Indus Highway have been cleared and will be opened for general traffic on Saturday. Both road links remained closed for 25 days as militants have blown up four bridges in reaction to operation in Darra Adamkhel areas against terrorists, a

Published 27 Sep, 2008 12:00am

Disaster management exhibition

National Disaster Management Authority (NDMA) would organise a two-day disaster management exhibition and conference on third anniversary of the October 8 earthquake. Devastating earthquake in 2005, had played havoc in North West Frontier Province and Aza

Published 27 Sep, 2008 12:00am

Parties urged to unite against terrorism

Senior Provincial Minister Raja Riaz Ahmed has said that terrorism can only be crushed and weeded out if all political parties, national leaders as well as political workers support the government in this gigantic task that threatens the country at its ro

Published 27 Sep, 2008 12:00am

Mini-industrial estates in rural areas on the cards

The setting up of mini-industrial estates in remote rural areas is on the cards aiming at promoting non-traditional products being produced in these areas and generate employment opportunities for skilled and semi-skilled persons at their doorsteps in the

Published 27 Sep, 2008 12:00am

Irsa releases 174,003 cusecs water

Indus River System Authority (Irsa) on Friday released 174,003 cusecs water from various rim stations. According to Irsa, an overall water inflow from various reservoirs was recorded at 90,950 cusecs. Water level at Tarbela Dam was recorded at 1497.17 fee

Published 27 Sep, 2008 12:00am

Bid to smuggle wheat flour foiled

An attempt to smuggle wheat flour worth Rs 2.4 million outside the province in two sealed containers was foiled by a search at Kot Sabzal police check post in Tehsil Sadiqabad early Friday morning.

Published 27 Sep, 2008 12:00am

KCCI new office-bearers felicitated

Former chairman Korangi Association of Trade and Industry (Kati), Shaikh Manzar Alam has congratulated newly elected President Anjum Nisar, Senior Vice President Muhammad Jawed Bilwani and Vice President Muhammad Ali of the Karachi Chamber of Commerce and

Published 27 Sep, 2008 12:00am

PAF flight safety officers graduation ceremony held

Graduation ceremony of Flight Safety Officers Course was held at the Institute of Air Safety, PAF Base, Masroor. Air Officer Commanding Southern Air Command, PAF Air Vice Marshal Tahir Rafiq Butt was the chief guest on the occasion. The chief guest was re

Published 27 Sep, 2008 12:00am

Plea to give gas connection to power generating units

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Tanvir A. Sheikh, has urged the government to provide gas connections to captive power generation units on priority basis to keep the industrial units operating. Talking to newsme

Published 27 Sep, 2008 12:00am

JCR-VIS maintains USF rating

JCR-VIS Credit Rating Company has maintained performance ranking of MFR 4-star to the United Stock Advantage Fund (USF) denoting 'good performance' vis-a-vis other open end equity funds, says a press release. USF is an open end equity fund managed by UBL

Published 27 Sep, 2008 12:00am

JCR-VIS maintains USF rating

JCR-VIS Credit Rating Company has maintained performance ranking of MFR 4-star to the United Stock Advantage Fund (USF) denoting 'good performance' vis-a-vis other open end equity funds, says a press release. USF is an open end equity fund managed by UBL

Published 27 Sep, 2008 12:00am

Eid holidays

Sindh government has declared October 1, 2 and 3, 2008 as holidays throughout the Province of Sindh on the occasion of Eid-ul-Fitr for all offices, autonomous and semi-autonomous bodies, corporations and local councils under its administrative control.

Published 27 Sep, 2008 12:00am

Textile package: ECC ignores apparel industry: Naqi

Reacting to a news item regarding approval of special package for textile sector by ECC, M. Naqi Bari, Chairman, Pakistan Apparel Forum said that ECC has ignored apparel industry, which is the major foreign exchange earning sector of textile while approvi

Published 27 Sep, 2008 12:00am

President's meetings with world leaders very fruitful: foreign minister

Foreign Minister Shah Mahmood Qureshi on Friday said President Asif Ali Zardari had very positive and productive meetings with world leaders on the sidelines of the 63rd United Nations General Assembly. Talking to PTV, he said President Zardari put across

Published 27 Sep, 2008 12:00am

Zardari and Manmohan meeting new era of cooperation: SCCI

Tariq Sayeed, President Saarc Chamber of Commerce and Industry (Saarc CCI) and Iftikhar Ali Malik, Vice President Saarc CCI have hailed the joint statement of President Asif Ali Zardari and Indian Prime Minister Dr Manmohan Singh for restarting composite

Published 27 Sep, 2008 12:00am

Irsa committee to finalise water distribution formula today

The Indus River System Authority (Irsa) advisory committee will meet here toady (Saturday) to finalise water distribution formula among provinces for the upcoming Rabi season, as the country is expected to face water shortage, ranging between 35 to 40 per

Published 27 Sep, 2008 12:00am

Spokesman criticises malicious campaign against Zardari

The presidential spokesman has taken strongly berated to a malicious campaign initiated by some anti-democratic elements to tarnish the image of President Asif Ali Zardari. In this regard, the spokesman referred to some mysterious emails that were sent to

Published 27 Sep, 2008 12:00am

Senate panel demands appointment of education minister

Senate Standing Committee on Education on Friday demanded immediate appointment of Federal Minister for Education so that the issues concerning the sector could be resolved. The committee which met at the Parliament House with Senator Mrs Razina Alam Khan

Published 27 Sep, 2008 12:00am

Health department withdraws blacklisting orders of firm

Punjab Health Department has withdrawn the blacklisting orders of M/s Bloom Pharmaceutical (Pvt) Ltd, a spokesman of the department said. The drug-testing laboratory had declared the sample of tablet zonid 400-mg as misbranded, subsequently the Health Dep

Published 27 Sep, 2008 12:00am

Black market booming for bank branches' refusal to issue fresh notes

The black market of the fresh currency notes is flourishing in the city as branches of the commercial banks are refusing provision of fresh currency notes of the denomination of Rs 5, 10 and 20 on the pretext of unavailability to the people.

Published 27 Sep, 2008 12:00am

Train blast: Shahbaz grieved over loss of lives

Punjab Chief Minister Mian Muhammad Shahbaz Sharif has expressed deep grief and sorrows over the loss of precious lives as a result of bomb blast in a passenger train near Hasilpur. Shahbaz while giving instructions to Chief Secretary Punjab on telephone

Published 27 Sep, 2008 12:00am

Government allocates Rs 18.865 million for four PSDP projects

With the theme of 'Responding to the Challenge of Climate Change' World Tourism Day is being observed here, like elsewhere in the world, on Saturday with a pledge to boost country's image abroad as a safe destination for tourists. In world-wide ranking of

Published 27 Sep, 2008 12:00am

Barclays Bank clarifies reports

Responding to reports appearing in certain sections of the press that mention increased security at the Islamabad branch of Barclays Bank, Managing Director and Country Head of Barclays Bank PLC Pakistan, Mohsin Nathani said: "The safety of our customers

Published 27 Sep, 2008 12:00am

'Agriculture sector can pull out country from economic crisis'

Agriculture being largest sector of economy has potential to pull out the country form current economic crisis. This was said by Ahmad Ali Aulakh, Minister for Agriculture, Punjab while chairing meeting for providing agricultural implements, machinery at

Published 27 Sep, 2008 12:00am

PBC members reject Justice Dogar as chief guest

Pakistan Bar Council (PBC) members have rejected the seven-member decision of the Council to invite Chief Justice of Pakistan Abdul Hameed Dogar as guest to receive additional space for the Bar office in Islamabad. While addressing a press conference here

Published 27 Sep, 2008 12:00am

Qamar Zaman appointed PHDEB chief

Syed Qamar uz Zaman Shah, a leading agriculturist; has been appointed as the Chairman of Pakistan Horticulture Development and Export Board (PHDEB) by the Ministry of Commerce (MOC). According to PHDEB spokesman, Syed Qamar uz Zaman Shah has replaced Saad

Published 27 Sep, 2008 12:00am

Nust offers free space to affected software houses

The National University of Science and Technology (Nust) has offered available free space in Nust to the affected software industrial partners who suffered in the recent suicide attack at Marriott Hotel, Islamabad.

Published 27 Sep, 2008 12:00am

ZTBL's board of directors

The federal government has nominated directors for the board of Zarai Taraqiati Bank Limited (ZTBL). These are, Chairman Muhammad Zaka Ashraf, Syed Qamar-uz-Zaman Shah, Pir Sadiq Shah Pir of Lowari Sharif, Ms Sughra Imam, Syed Sarfraz Haider, Imam Bakhsh

Published 27 Sep, 2008 12:00am

Wapda commissions Satpara Power House-2

Pakistan Water and Power Development Authority (Wapda) has successfully commissioned Satpara Power House-2 with an installed capacity of 8.72 mw in the vicinity of Skardu. According to a spokesman of the Authority, Satpara Power House-2, comprising two un

Published 27 Sep, 2008 12:00am

Police harassment: DPO Gujarat directed to complete investigation in Farooq case

The Lahore High Court (LHC) has directed the District Police Officer (DPO) Gujarat to complete investigation about police harassment and registration of fake cases against a Pakistan Muslim League-Q activist Afghan Farooq. Directing the DPO to file report

Published 27 Sep, 2008 12:00am

Government urged to make sure availability of DAP at Rs 2000 per bag

Kisan Board Pakistan (KBP) has urged the government to make sure availability of DAP fertilisers at the rate of Rs 2000 per bag before start of sowing of wheat crop. Otherwise wheat crisis would go from bad to worst and it would be difficult to meet the s

Published 27 Sep, 2008 12:00am

LHC directs Punjab University to admit petitioner in BSCS on merit

The Lahore High Court (LHC) has directed the Punjab University (PU) to admit petitioner Ans Riaz in Bachelor of Computer Sciences (BSCS) Degree Course on merit.

Published 27 Sep, 2008 12:00am

Zardari asked to boldly project Pakistan's view point

Pakistan Muslim League-Nawaz (PML-N) Punjab Vice President Malik Muhammad Afzal Khokhar Malik has called upon President Asif Ali Zardari to raise his voice for protecting the interests of Pakistan during his visit to the US on Friday. He said Asif Zardari

Published 27 Sep, 2008 12:00am

Statement of tax deduction from salary form revised

The Federal Board of Revenue has issued revised annual statement of deduction of income tax from salary to be submitted by the employer, seeking more information about the salaried taxpayers. The board on Friday amended Income Tax Rules to judge taxabilit

Published 27 Sep, 2008 12:00am

FBR to finalise 'integrity management' policy today

Board-in-Council of the Federal Board of Revenue (FBR) on Saturday (today) would finalise policy on the "integrity management" of tax employees by the Directorate General of Intelligence and Investigation. A presentation by the DG intelligence is expected

Published 27 Sep, 2008 12:00am

Palestinian state not viable with Israel's settlements: Saudi foreign minister

The Saudi foreign minister told the UN Security Council on Friday that Israel's settlement expansion in the occupied West Bank makes a "viable Palestinian state impossible. "Settlement makes the creation of a viable Palestinian state impossible."

Published 27 Sep, 2008 12:00am

Palestinian state not viable with Israel's settlements: Saudi foreign minister

The Saudi foreign minister told the UN Security Council on Friday that Israel's settlement expansion in the occupied West Bank makes a "viable Palestinian state impossible. "Settlement makes the creation of a viable Palestinian state impossible."

Published 27 Sep, 2008 12:00am

Passco fixes rice procurement target at one million ton

Pakistan Agriculture storage and Supply Corporation (Passco) will start procurement of one million tonnes of rice from October 1, reliable sources from the Ministry of Food, Agriculture and Livestock (Minfal) told Business Recorder here on Friday.

Published 27 Sep, 2008 12:00am

Passco fixes rice procurement target at one million ton

Pakistan Agriculture storage and Supply Corporation (Passco) will start procurement of one million tonnes of rice from October 1, reliable sources from the Ministry of Food, Agriculture and Livestock (Minfal) told Business Recorder here on Friday.

Published 27 Sep, 2008 12:00am

Passco fixes rice procurement target at one million ton

Pakistan Agriculture storage and Supply Corporation (Passco) will start procurement of one million tonnes of rice from October 1, reliable sources from the Ministry of Food, Agriculture and Livestock (Minfal) told Business Recorder here on Friday.

Published 27 Sep, 2008 12:00am

Date for filing sales tax returns extended to September 30

The Federal Board of Revenue has further extended the due date for submission of sales tax and federal excise return and special sales tax return for production and supplies for the tax period August 2008, upto September 30.

Published 27 Sep, 2008 12:00am

Date for filing sales tax returns extended to September 30

The Federal Board of Revenue has further extended the due date for submission of sales tax and federal excise return and special sales tax return for production and supplies for the tax period August 2008, upto September 30.

Published 27 Sep, 2008 12:00am

Date for filing sales tax returns extended to September 30

The Federal Board of Revenue has further extended the due date for submission of sales tax and federal excise return and special sales tax return for production and supplies for the tax period August 2008, upto September 30.

Published 27 Sep, 2008 12:00am

Cabinet to review security situation on Monday

Prime Minister Syed Yousuf Raza Gilani has convened a special meeting of the Federal cabinet on Monday to review the security situation in the major cities of the country in the wake of deadly suicide blast at Marriott hotel last week.

Published 27 Sep, 2008 12:00am

Cabinet to review security situation on Monday

Prime Minister Syed Yousuf Raza Gilani has convened a special meeting of the Federal cabinet on Monday to review the security situation in the major cities of the country in the wake of deadly suicide blast at Marriott hotel last week.

Published 27 Sep, 2008 12:00am

Diplomats' security beefed up: Malik

In the wake of Marriott blast the government has beefed up the security of diplomats, foreign missions and UN offices located in the Federal Capital to avert any untoward incident.

Published 27 Sep, 2008 12:00am

Prime Minister inaugurates PTV's digital studio

Prime Minister Yousuf Raza Gilani on Friday inaugurated Pakistan Television's news studio equipped with advanced 'tapeless and paperless' technology, the first of its kind in South Asia. Prime Minister launched PTV's state-of-the-art set up at PTV Centre

Published 27 Sep, 2008 12:00am

Submarine Hamza inducted into PN fleet

Prime Minister Syed Yousuf Raza Gilani has said that Pakistan Navy in recent years has exhibited deep commitment for achieving self-reliance in support of the government policies and the indigenous construction of Agosta 90-B submarines and future ships p

Published 27 Sep, 2008 12:00am

Submarine Hamza inducted into PN fleet

Prime Minister Syed Yousuf Raza Gilani has said that Pakistan Navy in recent years has exhibited deep commitment for achieving self-reliance in support of the government policies and the indigenous construction of Agosta 90-B submarines and future ships p

Published 27 Sep, 2008 12:00am

Gold price slides

Gold prices on Friday slid to Rs 25,100 per tola and Rs 21514 per 10 grams in the local market, traders said. Gold was being sold at Rs 25,250 per tola and Rs 21642 per 10 grams a day before. Gold price witnessed a decline of Rs 150 per tola and Rs 128 pe

Published 27 Sep, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 7	278
USD PKR Interbank Buying / Nov 7	277.85
USD to Japanese Yen / Nov 7	154.11
USD to Swiss Franc / Nov 7	0.88
Pound Sterling to USD / Nov 7	1.29
Euro to USD / Nov 7	1.07

Stock	Volume
S&P 500 / Nov 6	5,929.04
Nasdaq / Nov 6	18,983.46
Dow Jones / Nov 6	43,729.93
India Sensex / Nov 7	79,507.26
Tokyo Nikkei / Nov 7	39,366.94
Hang Seng / Nov 7	20,858.18
FTSE 100 / Nov 7	8,192.50
Germany DAX 30 / Nov 7	19,253.31

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 6	18,285
Crude Oil USD/Barrel / Nov 7	72.04
Gold 10 Grams PKR / Nov 7	237,311
Gold Spot USD/Ounce / Nov 7	2,657.92
Cotton US¢/pound / Nov 7	70.32
Petrol/Litre / Nov 8	248.38

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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