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Print - 2008-10-09
Lack of volumes bars NAVs true equity funds calculation

Lack of volumes bars NAVs true equity funds calculation

In the light of the continuation of the floor placed by the stock exchanges and the lack of volumes and price fixation, it is not possible to calculate true NAVs of equity funds, Shamshad Nabi, CEO of Mutual Funds Association of Pakistan (Mufap) said.
Published 09 Oct, 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 Oct, 2008 12:00am
Lack of volumes bars NAVs true equity funds calculation

Lack of volumes bars NAVs true equity funds calculation

In the light of the continuation of the floor placed by the stock exchanges and the lack of volumes and price fixation, it is not possible to calculate true NAVs of equity funds, Shamshad Nabi, CEO of Mutual Funds Association of Pakistan (Mufap) said.
Published 09 Oct, 2008 12:00am
LHC issues notices to CPOP, SPO

LHC issues notices to CPOP, SPO

The Lahore High Court (LHC) admonished superintendent police (SP) of Welfare Department here on Wednesday and issued notices to Chief Purchase Officer Police (CPOP) and Senior Purchase Officer (SPO) and directed them to submit their replies till October 1
Published 09 Oct, 2008 12:00am
Bullion Rates

Bullion Rates

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

Published 09 Oct, 2008 12:00am
Miani Sahib graveyard body audit ordered

Miani Sahib graveyard body audit ordered

The Lahore High Court (LHC) on Wednesday ordered audit of accounts of Miani Sahib Graveyard Committee and summoned a personnel of a private chartered accountant company on Thursday (today). The judge ordered that the company would be given total access to
Published 09 Oct, 2008 12:00am
Bullion Rates

Bullion Rates

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

Published 09 Oct, 2008 12:00am
PICT imports 12 gantries from China

PICT imports 12 gantries from China

Pakistan International Container Terminal (PICT) on Wednesday imported 12 gantries from China at a cost of $24.5 million to enhance its cargo handling capacity. According to well-placed sources, a ZPMC's project vessel, M/v ZHEN HUA-5, carrying two Ship t
Published 09 Oct, 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, (October 09, 2008).

Published 09 Oct, 2008 12:00am
AMZ announces dividend

AMZ announces dividend

The board of directors of AMZ Asset Management Limited, the Management Company of AMZ Plus Income Fund (APIF) in their meeting held on October 06, have announced an interim dividend distribution of Rs 1.75 per unit (1.75pc of the par value of Rs 100) for
Published 09 Oct, 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, (October 09, 2008).

Published 09 Oct, 2008 12:00am
AMZ announces dividend

AMZ announces dividend

The board of directors of AMZ Asset Management Limited, the Management Company of AMZ Plus Income Fund (APIF) in their meeting held on October 06, have announced an interim dividend distribution of Rs 1.75 per unit (1.75pc of the par value of Rs 100) for
Published 09 Oct, 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, (October 09, 2008).

Published 09 Oct, 2008 12:00am
MCC asks FBR to provide IT equipment for processing claims

MCC asks FBR to provide IT equipment for processing claims

Model Customs Collectorate (MCC) Exports, Karachi has asked the Federal Board of Revenue (FBR) to immediately provide IT equipment for speedy processing of around 9,000 duty drawback claims filed by the exporters on monthly basis.
Published 09 Oct, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 09 Oct, 2008 12:00am
Employees asked to vacate FBR house at 3pm

Employees asked to vacate FBR house at 3pm

The Federal Board of Revenue (FBR) on Wednesday directed its employees to vacate the FBR House at 3.00 pm due to tight security arrangements for joint session of the Parliament.
Published 09 Oct, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (October 08, 2008) and for Thursday (October 09, 2008).
Published 09 Oct, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 08, 2008).

Published 09 Oct, 2008 12:00am
Death of Zaheer Ahmad Khan condoled

Death of Zaheer Ahmad Khan condoled

The Ambassador of Argentina, Rodolfo has expressed deep sorrow and grief over the demise of Zaheer Ahmad Khan advocate, the father-in-law of the Central Finance Secretary, PML-N, Muhammad Pervez Malik and father of President, LHCBA, Anwar Kamal.
Published 09 Oct, 2008 12:00am
Pakistani doctors leave for India today

Pakistani doctors leave for India today

A delegation of Pakistani doctors is leaving for India on October 9 (Thursday) to participate in the 9th Annual Meeting of International Conference of South Asian Congress of Forensic Medicine, Forensic Science & Toxicology. The South Asian Congress is be
Published 09 Oct, 2008 12:00am
Train march gets tumultuous response: Qazi

Train march gets tumultuous response: Qazi

The second leg of the Train march of Jamaat-i-Islami (JI), led by its Amir Qazi Hussain Ahmad, left for Multan from Lahore here on Wednesday. Liaquat Baluch, Syed Munawar Hassan, Syed Amir-ul-Azeem, Azhar Iqbal Hassan senior leaders of JI and large number
Published 09 Oct, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 09 Oct, 2008 12:00am
Cash, valuables looted

Cash, valuables looted

Cash, gold ornaments and other valuables looted at gunpoint in village Lohaisar in the area of Dhudial Police Station, Police sources said. According to details, four armed persons stormed into the house and after confining all the women in a room, looted
Published 09 Oct, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 09 Oct, 2008 12:00am
Two held with arms

Two held with arms

Police arrested two persons and recovered weapons near Civil Lines Police Station during a car search on Wednesday. Their arrest was made near Police Station Civil Lines on the directives of CCPO Rawalpindi, Rao Mohammad Iqbal Khan, says a release issued
Published 09 Oct, 2008 12:00am
Shamim escapes firing

Shamim escapes firing

Former federal minister Shamim Siddiqui on Wednesday escaped a cross firing between two "Paktoon groups" in the limits of Shahrah-e-Noor Jahan police station. Police sources told Business Recorder that two "Paktoon groups" having some land dispute
Published 09 Oct, 2008 12:00am
Power-Generation: Pakistan moot on October 14

Power-Generation: Pakistan moot on October 14

The 2nd international power generation conference POWERGEN PAK 2008 will be held here on October 14, with a theme "Power Efficiency; Up-gradation and self-reliance". The conference will provide a networking and business opportunities exclusively designed
Published 09 Oct, 2008 12:00am
THE RUPEE: dollar crosses 80 level

THE RUPEE: dollar crosses 80 level

The rupee crossed the barrier of 80 in the interbank market on Wednesday due to higher demand by importers, dealers said. In the interbank market, the rupee was trading at 79.45 and 79.55, they said and adding that at one point the rupee was at 80.30 and
Published 09 Oct, 2008 12:00am
Cima conducts two events in Lahore

Cima conducts two events in Lahore

The Chartered Institute of Management Accountants (Cima) conducted two events in Lahore as initiatives to leverage the increasing interest on the qualification.
Published 09 Oct, 2008 12:00am
THE RUPEE: dollar crosses 80 level

THE RUPEE: dollar crosses 80 level

The rupee crossed the barrier of 80 in the interbank market on Wednesday due to higher demand by importers, dealers said. In the interbank market, the rupee was trading at 79.45 and 79.55, they said and adding that at one point the rupee was at 80.30 and
Published 09 Oct, 2008 12:00am
Inter-school debate held

Inter-school debate held

'The Pakistan round of 10th Dr Mahbub Ul Haq Memorial lnter-school Debate Competition' was held in Islamabad on Wednesday. The Mahbub Ul Haq Human Development Centre on behalf of the Rajiv Gandhi Foundation in India organised the debate. The Foundation is
Published 09 Oct, 2008 12:00am
Night Grand Prix: Warid's 10 lucky winners enjoy Singapore trip

Night Grand Prix: Warid's 10 lucky winners enjoy Singapore trip

Winners from Warid Telecom's recently concluded Grand Prix campaign enjoyed watching the 1st Night Grand Prix event live in Singapore the other day. Warid had offered 10 lucky winners, a lifetime opportunity to win an all expense paid trip to the 1st ever
Published 09 Oct, 2008 12:00am
Joint efforts needed to eliminate terrorism: Nawaz

Joint efforts needed to eliminate terrorism: Nawaz

Pakistan Muslim League-Nawaz Quaid Mian Nawaz Sharif on Wednesday visited Sheikh Zayed Hospital to inquire about the health of his party's MNA Rashid Akbar Niwani, who was injured in a suicide blast at Bhakkar on Monday. Nawaz, who reached the hospital am
Published 09 Oct, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (October 08, 2008).

Published 09 Oct, 2008 12:00am
Vehicle tracking solutions: Infomax, Pak-Qatar join hands

Vehicle tracking solutions: Infomax, Pak-Qatar join hands

The Infomax Pakistan and Pak-Qatar General Takaful have joined hands to provide vehicle-tracking solutions. An announcement to this effect was made in a statement issued here on Wednesday. It said that the two organisations have signed an agreement accord
Published 09 Oct, 2008 12:00am
Samsung B2100 offers interesting features

Samsung B2100 offers interesting features

Users of mobile telephony are a lot of those who love an active lifestyle and are often chosen for the competition, travelling, where conditions are close to the extreme and must have a special mobile phone that is not afraid of any mechanical effects, wh
Published 09 Oct, 2008 12:00am
Strict security steps taken before in-camera session

Strict security steps taken before in-camera session

Strict security measures were taken before the Parliament's in-camera session in the capital on Wednesday. Bomb disposal squads and contingents of armed forces were put on high alert to meet any untoward situation, while military helicopters were on aeria
Published 09 Oct, 2008 12:00am
Two new varieties of cotton introduced

Two new varieties of cotton introduced

Seed Division of Ali Akbar Group has introduced two new varieties of cotton crop 703 and 802, which is the outcome of the last ten years research as the Group has been working on the improvement of cotton crop both in the yield and fibre quality since lon
Published 09 Oct, 2008 12:00am
Troops kill 12 militants

Troops kill 12 militants

At least 12 al Qaeda linked militants, two of them foreigners, were killed when Pakistani helicopter gunships shelled rebel hideouts in a tribal region near the Afghan border, officials said. The casualties occurred on Wednesday in the Bajaur region, wher
Published 09 Oct, 2008 12:00am
Troops kill 12 militants

Troops kill 12 militants

At least 12 al Qaeda linked militants, two of them foreigners, were killed when Pakistani helicopter gunships shelled rebel hideouts in a tribal region near the Afghan border, officials said. The casualties occurred on Wednesday in the Bajaur region, wher
Published 09 Oct, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Oct, 2008 12:00am
ECB announces changes in senior management posts

ECB announces changes in senior management posts

The European Central Bank announced four changes Wednesday among its senior directors, with the new managers taking over in the midst of unprecedented financial turmoil. The ECB's director general of research, Lucrezia Reichlin, had resigned from her post
Published 09 Oct, 2008 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 09 Oct, 2008 12:00am
Pakistani oil worker kidnapped in Somalia

Pakistani oil worker kidnapped in Somalia

Somali gunmen on Wednesday kidnapped a Pakistani national working for a Canadian oil firm in the lawless country's breakaway Puntland region, an official and witnesses said. The kidnappers seized the man near Puntland's capital Bossaso, said the official
Published 09 Oct, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Oct, 2008 12:00am
LPG prices increased

LPG prices increased

LPG Producing Companies have increased gas prices by Rs 1, 243 per tons fixed it at Rs 52, 133 per ton. Resultantly, retail prices of LPG in Lahore have now reached Rs 82 per kg, Rs 84 per kg in Karachi and Rs 87 per kg in Peshawar. The Chairman, All Paki
Published 09 Oct, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 09 Oct, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (October 08, 2008).

Published 09 Oct, 2008 12:00am
Collective efforts needed to eliminate scourge of terrorism: Shahbaz

Collective efforts needed to eliminate scourge of terrorism: Shahbaz

Every patriotic Pakistani should come forward and play his due role for the elimination of terrorism, as only those nations survive which face every challenge with courage and determination and as a living nation we should spare no effort to counter terro
Published 09 Oct, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Oct, 2008 12:00am
India considers elections in IHK

India considers elections in IHK

Senior Indian election officials Wednesday held talks in held Kashmir on the prospects for polls in the region which has recently witnessed the largest protests against Indian rule for years. A three-member team led by Chief Election Commissioner N. Gopal
Published 09 Oct, 2008 12:00am
Pakistani lawmakers meet Dr Aafia in Texas, call for her early release

Pakistani lawmakers meet Dr Aafia in Texas, call for her early release

The head of a visiting delegation of Pakistani Senators has called for the immediate release of Dr Aafia Siddiqui from the US detention after a long meeting on Tuesday with her in a Texas facility where she is undergoing psychological evaluation.
Published 09 Oct, 2008 12:00am
Pak-Cuba friendship society formed

Pak-Cuba friendship society formed

To commemorate the services of Cuban doctors and selfless support of Cuban nation in the wake of October 2005 deadly earthquake, Pak-Cuba Friendship Society (PCFS) has been formed. The objectives of the society include promoting friendly relations and bri
Published 09 Oct, 2008 12:00am
UK High Commissioner calls on Zardari

UK High Commissioner calls on Zardari

President Asif Ali Zardari on Wednesday underlined the importance of strong relationship between Pakistan and United Kingdom, and said that friendship between the two countries would further strengthen in future. He was talking to Robert Edward Brinkley,
Published 09 Oct, 2008 12:00am
Sluggish trend prevails on ISE

Sluggish trend prevails on ISE

The sluggish trend prevailed at the Islamabad Stock Exchange (ISE) where the Index did not observe any change amid mixed trend. ISE-10 Index closed at 2,035.56 without observing any change by the end of session. The overall turnover amounted to 25,800 sha
Published 09 Oct, 2008 12:00am
Sluggish trend prevails on ISE

Sluggish trend prevails on ISE

The sluggish trend prevailed at the Islamabad Stock Exchange (ISE) where the Index did not observe any change amid mixed trend. ISE-10 Index closed at 2,035.56 without observing any change by the end of session. The overall turnover amounted to 25,800 sha
Published 09 Oct, 2008 12:00am
Equities maintain downward trend on LSE

Equities maintain downward trend on LSE

Equities maintained downward trend for the third consecutive day on the Lahore Stock Exchange (LSE) on Wednesday and closed with losses amid lacking buying support on account of negative news on the economic front.
Published 09 Oct, 2008 12:00am
Equities maintain downward trend on LSE

Equities maintain downward trend on LSE

Equities maintained downward trend for the third consecutive day on the Lahore Stock Exchange (LSE) on Wednesday and closed with losses amid lacking buying support on account of negative news on the economic front.
Published 09 Oct, 2008 12:00am
Reports about freezing of foreign exchange accounts denied

Reports about freezing of foreign exchange accounts denied

The State Bank of Pakistan has categorically denied reports regarding the freezing of foreign currency accounts and sealing of lockers at banks. Describing the reports as totally baseless, State Bank''s spokesman said that there is no such plan under cons
Published 09 Oct, 2008 12:00am
Reports about freezing of foreign exchange accounts denied

Reports about freezing of foreign exchange accounts denied

The State Bank of Pakistan has categorically denied reports regarding the freezing of foreign currency accounts and sealing of lockers at banks. Describing the reports as totally baseless, State Bank's spokesman said that there is no such plan under consi
Published 09 Oct, 2008 12:00am
Reports about freezing of foreign exchange accounts denied

Reports about freezing of foreign exchange accounts denied

The State Bank of Pakistan has categorically denied reports regarding the freezing of foreign currency accounts and sealing of lockers at banks. Describing the reports as totally baseless, State Bank's spokesman said that there is no such plan under consi
Published 09 Oct, 2008 12:00am
Where is the liquidity, any way?

Where is the liquidity, any way?

"Yes liquidity is tight but there is no shortage. Yes some individual banks having very high advance to deposit ratio may be facing difficulties; but by and large the big network banks, as well as middle tier banks are not facing difficulties. And, the ba
Published 09 Oct, 2008 12:00am
Where is the liquidity, any way?

Where is the liquidity, any way?

"Yes liquidity is tight but there is no shortage. Yes some individual banks having very high advance to deposit ratio may be facing difficulties; but by and large the big network banks, as well as middle tier banks are not facing difficulties. And, the ba
Published 09 Oct, 2008 12:00am
Where is the liquidity, any way?

Where is the liquidity, any way?

"Yes liquidity is tight but there is no shortage. Yes some individual banks having very high advance to deposit ratio may be facing difficulties; but by and large the big network banks, as well as middle tier banks are not facing difficulties. And, the ba
Published 09 Oct, 2008 12:00am
BRIndex30 stays unchanged

BRIndex30 stays unchanged

On Wednesday, BRIndex30 closed at 8,995.65 recording no change thus continuing its trend of previous days. Volume was 3,800, which was 7.38 percent of that of KSE-100 Index and 0.34 percent of that of KSE-All Share Index. Volumes of KSE-100 Index and KSE-
Published 09 Oct, 2008 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (October 08, 2008).

Published 09 Oct, 2008 12:00am
BRIndex30 stays unchanged

BRIndex30 stays unchanged

On Wednesday, BRIndex30 closed at 8,995.65 recording no change thus continuing its trend of previous days. Volume was 3,800, which was 7.38 percent of that of KSE-100 Index and 0.34 percent of that of KSE-All Share Index. Volumes of KSE-100 Index and KSE-
Published 09 Oct, 2008 12:00am