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.
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).
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.
The "Investment Tax Scheme (ITS) 2008", which has been launched by the Federal Board of Revenue (FBR) to provide maximum benefit to the taxpayers, is highly being lauded as over 250 businessmen only in Karachi have agreed to disclose their unexplained inv
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
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
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
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
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
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.
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.
Pakistan Bar Council (PBC) has suspended the practicing licenses of President and Secretary, High Court Bar Association, Multan, for their misbehaviour with the Attorney-General.
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.
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
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
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
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
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
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
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
The Chartered Institute of Management Accountants (Cima) conducted two events in Lahore as initiatives to leverage the increasing interest on the qualification.
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
'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
ICI Pakistan Limited is a 75.81% owned subsidiary of ICI Plc, UK. It was set up as a public limited company in Pakistan in 1952. ICI's presence in this part of the world, however, predates the formation of the public limited company and indeed, Pakistan i
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
ICI Pakistan Limited is a 75.81% owned subsidiary of ICI Plc, UK. It was set up as a public limited company in Pakistan in 1952. ICI's presence in this part of the world, however, predates the formation of the public limited company and indeed, Pakistan i
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
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
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
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
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
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
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
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
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
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
Punjab government in its latest move has raised the salaries of Chief Minister, Speaker, Deputy Speaker, Provincial Ministers, parliamentary secretaries and public representatives by 20 percent with effect from July 1, 2008. According to the government so
Punjab government in its latest move has raised the salaries of Chief Minister, Speaker, Deputy Speaker, Provincial Ministers, parliamentary secretaries and public representatives by 20 percent with effect from July 1, 2008. According to the government so
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
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
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.
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
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,
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
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
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.
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.
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
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
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
"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
"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
"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
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-
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-