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Print - 2008-10-21
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 21 Oct, 2008 12:00am
Chairman of National Assembly body on privatisation elected

Chairman of National Assembly body on privatisation elected

The National Assembly Standing Committee on Privatisation and Investment in its meeting on Monday unanimously elected Malik Bilal Rehman, MNA as its chairman. Secretary National Assembly Kramat Hussain Niazi chaired the committee meeting. The name of the
Published 21 Oct, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (October 20, 2008).

Published 21 Oct, 2008 12:00am
Nato's political will 'wavering' in Afghanistan

Nato's political will 'wavering' in Afghanistan

Nato members are wavering in their political commitment to Afghanistan, one of the alliance's top commanders said on Monday, describing the near seven-year campaign against the Taliban as disjointed. Pointing to more than 70 "caveats" that give individual
Published 21 Oct, 2008 12:00am
KIA pride car scam: NAB gets Tawakkals extradited from US

KIA pride car scam: NAB gets Tawakkals extradited from US

National Accountability Bureau (NAB) has got accused Muhammad Farid and Muhammed Farooq, sons of Abdul Qadir Tawakkal, extradited to Pakistan through the US State Department. They were wanted by the NAB in a number of accountability references pertaining
Published 21 Oct, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Oct, 2008 12:00am
KIA pride car scam: NAB gets Tawakkals extradited from US

KIA pride car scam: NAB gets Tawakkals extradited from US

National Accountability Bureau (NAB) has got accused Muhammad Farid and Muhammed Farooq, sons of Abdul Qadir Tawakkal, extradited to Pakistan through the US State Department. They were wanted by the NAB in a number of accountability references pertaining
Published 21 Oct, 2008 12:00am
KIA pride car scam: NAB gets Tawakkals extradited from US

KIA pride car scam: NAB gets Tawakkals extradited from US

National Accountability Bureau (NAB) has got accused Muhammad Farid and Muhammed Farooq, sons of Abdul Qadir Tawakkal, extradited to Pakistan through the US State Department. They were wanted by the NAB in a number of accountability references pertaining
Published 21 Oct, 2008 12:00am
NIT earns profit during first quarter of fiscal year 2009

NIT earns profit during first quarter of fiscal year 2009

National Investment Trust (NIT) earned a net profit of Rs 149 million and Rs 142 million in respect of LOC-Fund and Non-LOC Fund. This was stated by Chairman and MD in a press release issued here on Monday after the Board of Directors approved the account
Published 21 Oct, 2008 12:00am
NIT earns profit during first quarter of fiscal year 2009

NIT earns profit during first quarter of fiscal year 2009

National Investment Trust (NIT) earned a net profit of Rs 149 million and Rs 142 million in respect of LOC-Fund and Non-LOC Fund. This was stated by Chairman and MD in a press release issued here on Monday after the Board of Directors approved the account
Published 21 Oct, 2008 12:00am
NIT earns profit during first quarter of fiscal year 2009

NIT earns profit during first quarter of fiscal year 2009

National Investment Trust (NIT) earned a net profit of Rs 149 million and Rs 142 million in respect of LOC-Fund and Non-LOC Fund. This was stated by Chairman and MD in a press release issued here on Monday after the Board of Directors approved the account
Published 21 Oct, 2008 12:00am
NIT earns profit during first quarter of fiscal year 2009

NIT earns profit during first quarter of fiscal year 2009

National Investment Trust (NIT) earned a net profit of Rs 149 million and Rs 142 million in respect of LOC-Fund and Non-LOC Fund. This was stated by Chairman and MD in a press release issued here on Monday after the Board of Directors approved the account
Published 21 Oct, 2008 12:00am
Trade bodies seek solution for power crisis on urgent basis

Trade bodies seek solution for power crisis on urgent basis

The Lahore Chamber of Commerce and Industry (LCCI) initiative to bring together all the stakeholders at one platform for finding out a solution to ongoing economic and energy crises would definitely help the government to adopt a methodology to overcome t
Published 21 Oct, 2008 12:00am
Trade bodies seek solution for power crisis on urgent basis

Trade bodies seek solution for power crisis on urgent basis

The Lahore Chamber of Commerce and Industry (LCCI) initiative to bring together all the stakeholders at one platform for finding out a solution to ongoing economic and energy crises would definitely help the government to adopt a methodology to overcome t
Published 21 Oct, 2008 12:00am
Trade bodies seek solution for power crisis on urgent basis

Trade bodies seek solution for power crisis on urgent basis

The Lahore Chamber of Commerce and Industry (LCCI) initiative to bring together all the stakeholders at one platform for finding out a solution to ongoing economic and energy crises would definitely help the government to adopt a methodology to overcome t
Published 21 Oct, 2008 12:00am
Pakistani officials in Washington to discuss energy cooperation

Pakistani officials in Washington to discuss energy cooperation

A top-level Pakistani delegation arrived here on Sunday evening to discuss energy cooperation with international financial institutions and United States officials, as the country strives to overcome power shortages through various projects.
Published 21 Oct, 2008 12:00am
Deposed Chief Justice barred from Red Zone

Deposed Chief Justice barred from Red Zone

The government on Monday took stringent measures to bar deposed chief justice Iftikhar Muhammad Chaudhry and protesting lawyers from entering the red zone due to security reasons. No other vehicle was allowed in the area except the vehicles of MNAs and Se
Published 21 Oct, 2008 12:00am
Deposed Chief Justice barred from Red Zone

Deposed Chief Justice barred from Red Zone

The government on Monday took stringent measures to bar deposed chief justice Iftikhar Muhammad Chaudhry and protesting lawyers from entering the red zone due to security reasons. No other vehicle was allowed in the area except the vehicles of MNAs and Se
Published 21 Oct, 2008 12:00am
Equities moved both ways on ISE

Equities moved both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where ISE-10 Index did not observe any change in the session amid increase in turnover. ISE-10 Index did not observe any change as it closed at 2,031.06 points by the end of session. The overa
Published 21 Oct, 2008 12:00am
Equities moved both ways on ISE

Equities moved both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where ISE-10 Index did not observe any change in the session amid increase in turnover. ISE-10 Index did not observe any change as it closed at 2,031.06 points by the end of session. The overa
Published 21 Oct, 2008 12:00am
Equities maintain downward slide on LSE

Equities maintain downward slide on LSE

Equities while continuing last week sentiments maintained downward slide on the Lahore Stock Exchange on Monday and closed in red zone amid ascending transaction volume due to lacking investors interest. The LSE-25 index marginally declined by 1.79 points
Published 21 Oct, 2008 12:00am
Equities maintain downward slide on LSE

Equities maintain downward slide on LSE

Equities while continuing last week sentiments maintained downward slide on the Lahore Stock Exchange on Monday and closed in red zone amid ascending transaction volume due to lacking investors interest. The LSE-25 index marginally declined by 1.79 points
Published 21 Oct, 2008 12:00am
Startling facts to be unveiled on November 3: Justice Iftikhar

Startling facts to be unveiled on November 3: Justice Iftikhar

The deposed Chief Justice, Iftikhar Muhammad Chaudhry, on Monday said he would unveil some startling facts on November 3--the day he was sacked from his office. Addressing the executive committee of Supreme Court Bar Association (SCBA), he nullified the c
Published 21 Oct, 2008 12:00am
Startling facts to be unveiled on November 3: Justice Iftikhar

Startling facts to be unveiled on November 3: Justice Iftikhar

The deposed Chief Justice, Iftikhar Muhammad Chaudhry, on Monday said he would unveil some startling facts on November 3--the day he was sacked from his office. Addressing the executive committee of Supreme Court Bar Association (SCBA), he nullified the c
Published 21 Oct, 2008 12:00am
Uniform power tariff structure ordered

Uniform power tariff structure ordered

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani took serious note of the differences in power tariff in different parts of the country and said that uniform tariff structure is imperative for removing the reservations of the people.
Published 21 Oct, 2008 12:00am
Uniform power tariff structure ordered

Uniform power tariff structure ordered

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani took serious note of the differences in power tariff in different parts of the country and said that uniform tariff structure is imperative for removing the reservations of the people.
Published 21 Oct, 2008 12:00am
Uniform power tariff structure ordered

Uniform power tariff structure ordered

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani took serious note of the differences in power tariff in different parts of the country and said that uniform tariff structure is imperative for removing the reservations of the people.
Published 21 Oct, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (October 20, 2008).

Published 21 Oct, 2008 12:00am
IMF encourages Islamabad to accept funding

IMF encourages Islamabad to accept funding

Pakistan should consider seeking an emergency support package from the International Monetary Fund, a senior IMF official said on Monday ahead of talks on Pakistan''s restructuring plan. Mohsin Khan, director of the Middle East and Central Asia department
Published 21 Oct, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (October 20, 2008).

Published 21 Oct, 2008 12:00am
IMF encourages Islamabad to accept funding

IMF encourages Islamabad to accept funding

Pakistan should consider seeking an emergency support package from the International Monetary Fund, a senior IMF official said on Monday ahead of talks on Pakistan's restructuring plan. Mohsin Khan, director of the Middle East and Central Asia department
Published 21 Oct, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (October 20, 2008).

Published 21 Oct, 2008 12:00am
IMF encourages Islamabad to accept funding

IMF encourages Islamabad to accept funding

Pakistan should consider seeking an emergency support package from the International Monetary Fund, a senior IMF official said on Monday ahead of talks on Pakistan's restructuring plan. Mohsin Khan, director of the Middle East and Central Asia department
Published 21 Oct, 2008 12:00am
Pakistan to define parameters to meet challenges

Pakistan to define parameters to meet challenges

President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani on Monday said that Pakistan would define the parameters and set priorities to meet both domestic and global challenges.
Published 21 Oct, 2008 12:00am
Pakistan to define parameters to meet challenges

Pakistan to define parameters to meet challenges

President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani on Monday said that Pakistan would define the parameters and set priorities to meet both domestic and global challenges.
Published 21 Oct, 2008 12:00am
Afghan jirga commission's team arrives

Afghan jirga commission's team arrives

A 6-member Afghan delegation arrived in Islamabad on Monday for talks with Pakistani officials about the up-coming meeting of 'mini-jirga' or council, Afghan Charge'd affaires said. Deputy Chairman, Jirga Monitoring Commission of Afghanistan, Farooq Warda
Published 21 Oct, 2008 12:00am
BRIndex30 unchanged

BRIndex30 unchanged

On Monday, BRIndex30 remained unchanged throughout the trading time. It opened at 8,998.64 and closed at 8,998.64. Volume was 10,200 as against 177,220 recorded by KSE-All Share and 26,720 recorded by KSE-100 Indices. BR Technology and Communication Index
Published 21 Oct, 2008 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (October 20, 2008).

Published 21 Oct, 2008 12:00am
BRIndex30 unchanged

BRIndex30 unchanged

On Monday, BRIndex30 remained unchanged throughout the trading time. It opened at 8,998.64 and closed at 8,998.64. Volume was 10,200 as against 177,220 recorded by KSE-All Share and 26,720 recorded by KSE-100 Indices. BR Technology and Communication Index
Published 21 Oct, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (October 20, 2008).

Published 21 Oct, 2008 12:00am
Dullness persists on stock market

Dullness persists on stock market

The new week started with dull trading on Karachi Stock Exchange on Monday as the investors were not prepared to take fresh position before removing the ''floor'', as a result of which the KSE-100 index closed up only by 0.51 points, at 9,184.75 points le
Published 21 Oct, 2008 12:00am
Dullness persists on stock market

Dullness persists on stock market

The new week started with dull trading on Karachi Stock Exchange on Monday as the investors were not prepared to take fresh position before removing the 'floor', as a result of which the KSE-100 index closed up only by 0.51 points, at 9,184.75 points leve
Published 21 Oct, 2008 12:00am
Dullness persists on stock market

Dullness persists on stock market

The new week started with dull trading on Karachi Stock Exchange on Monday as the investors were not prepared to take fresh position before removing the 'floor', as a result of which the KSE-100 index closed up only by 0.51 points, at 9,184.75 points leve
Published 21 Oct, 2008 12:00am
Hubco, Kapco and Wapda: PSO seeks Rs 51.65 billion dues recovery

Hubco, Kapco and Wapda: PSO seeks Rs 51.65 billion dues recovery

Pakistan State Oil (PSO) seeks to recover its accumulated outstanding dues, of Rs 51.65 billion, from various power entities including Hubco, Kapco and Wapda as this huge outstanding is adversely affecting its liquidity which may lead to inevitable breakd
Published 21 Oct, 2008 12:00am
Hubco, Kapco and Wapda: PSO seeks Rs 51.65 billion dues recovery

Hubco, Kapco and Wapda: PSO seeks Rs 51.65 billion dues recovery

Pakistan State Oil (PSO) seeks to recover its accumulated outstanding dues, of Rs 51.65 billion, from various power entities including Hubco, Kapco and Wapda as this huge outstanding is adversely affecting its liquidity which may lead to inevitable breakd
Published 21 Oct, 2008 12:00am
Hubco, Kapco and Wapda: PSO seeks Rs 51.65 billion dues recovery

Hubco, Kapco and Wapda: PSO seeks Rs 51.65 billion dues recovery

Pakistan State Oil (PSO) seeks to recover its accumulated outstanding dues, of Rs 51.65 billion, from various power entities including Hubco, Kapco and Wapda as this huge outstanding is adversely affecting its liquidity which may lead to inevitable breakd
Published 21 Oct, 2008 12:00am
FBR to conduct desk audit of 315 units

FBR to conduct desk audit of 315 units

The Federal Board of Revenue (FBR) has decided to conduct desk audit of 315 corporate entities and business establishments which have claimed huge amount of income tax refunds of around Rs 4.4 billion as on October 9, 2008. Sources told Business Record
Published 21 Oct, 2008 12:00am
FBR to conduct desk audit of 315 units

FBR to conduct desk audit of 315 units

The Federal Board of Revenue (FBR) has decided to conduct desk audit of 315 corporate entities and business establishments which have claimed huge amount of income tax refunds of around Rs 4.4 billion as on October 9, 2008. Sources told Business Record
Published 21 Oct, 2008 12:00am
FBR to conduct desk audit of 315 units

FBR to conduct desk audit of 315 units

The Federal Board of Revenue (FBR) has decided to conduct desk audit of 315 corporate entities and business establishments which have claimed huge amount of income tax refunds of around Rs 4.4 billion as on October 9, 2008. Sources told Business Record
Published 21 Oct, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (October 20, 2008).

Published 21 Oct, 2008 12:00am
Post-Clearance audit directorate assigned ample powers

Post-Clearance audit directorate assigned ample powers

The Federal Board of Revenue (FBR) has empowered the Director General, Post-Clearance Audit (PCA) to investigate cases of commercial and trade related tax frauds, particularly fiscal frauds, against importers under section 32A of the Customs Act, 1969.
Published 21 Oct, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (October 20, 2008).
Published 21 Oct, 2008 12:00am
Post-Clearance audit directorate assigned ample powers

Post-Clearance audit directorate assigned ample powers

The Federal Board of Revenue (FBR) has empowered the Director General, Post-Clearance Audit (PCA) to investigate cases of commercial and trade related tax frauds, particularly fiscal frauds, against importers under section 32A of the Customs Act, 1969.
Published 21 Oct, 2008 12:00am
Post-Clearance audit directorate assigned ample powers

Post-Clearance audit directorate assigned ample powers

The Federal Board of Revenue (FBR) has empowered the Director General, Post-Clearance Audit (PCA) to investigate cases of commercial and trade related tax frauds, particularly fiscal frauds, against importers under section 32A of the Customs Act, 1969.
Published 21 Oct, 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 Monday (October 20, 2008).

Published 21 Oct, 2008 12:00am
HBFCL facing serious liquidity crunch

HBFCL facing serious liquidity crunch

The House Building Financing Corporation Limited (HBFCL) is likely to roll back its operations due to liquidity problems. The corporation, which had been providing loans to people of average means to build their houses, is finding it difficult to meet the
Published 21 Oct, 2008 12:00am
HBFCL facing serious liquidity crunch

HBFCL facing serious liquidity crunch

The House Building Financing Corporation Limited (HBFCL) is likely to roll back its operations due to liquidity problems. The corporation, which had been providing loans to people of average means to build their houses, is finding it difficult to meet the
Published 21 Oct, 2008 12:00am
HBFCL facing serious liquidity crunch

HBFCL facing serious liquidity crunch

The House Building Financing Corporation Limited (HBFCL) is likely to roll back its operations due to liquidity problems. The corporation, which had been providing loans to people of average means to build their houses, is finding it difficult to meet the
Published 21 Oct, 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 Monday (October 20, 2008).

Published 21 Oct, 2008 12:00am
Market manipulation: SBP starts probe against exchange companies

Market manipulation: SBP starts probe against exchange companies

The State Bank of Pakistan on Monday initiated investigation against exchange companies to check whether they are manipulating the currency market, while instructing them to minimise the value difference of dollar between interbank and open market rates,
Published 21 Oct, 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 Monday (October 20, 2008).

Published 21 Oct, 2008 12:00am
Market manipulation: SBP starts probe against exchange companies

Market manipulation: SBP starts probe against exchange companies

The State Bank of Pakistan on Monday initiated investigation against exchange companies to check whether they are manipulating the currency market, while instructing them to minimise the value difference of dollar between interbank and open market rates,
Published 21 Oct, 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 Monday (October 20, 2008).

Published 21 Oct, 2008 12:00am
Market manipulation: SBP starts probe against exchange companies

Market manipulation: SBP starts probe against exchange companies

The State Bank of Pakistan on Monday initiated investigation against exchange companies to check whether they are manipulating the currency market, while instructing them to minimise the value difference of dollar between interbank and open market rates,
Published 21 Oct, 2008 12:00am