News Archives for Print - 2008-10-23

Print - 2008-10-23

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 23 Oct, 2008 12:00am

US MIDDAY: London sugar, coffee plummet

Sugar and coffee futures fell sharply on a stronger dollar on Wednesday, while London cocoa edged higher on a weaker pound, and dealers said soft commodity prices risked further falls on a glum global economic outlook.

Published 23 Oct, 2008 12:00am

US MIDDAY: gold, platinum tumble in Europe

Gold and platinum tumbled on Wednesday, reflecting a slide across commodity prices, as the dollar firmed to a two-year high against the euro. Spot gold fell more than 3 percent to a session low of $743.45 an ounce, before recovering to trade at $752.45/75

Published 23 Oct, 2008 12:00am

US MIDDAY: sugar slides

Raw sugar futures on ICE Futures US at 1230 GMT. March raw sugar contract fell 0.18 cent to 11.06 cents per lb. Trading from 10.92 to 11.22 cents. Volume at 13,874 lots. Sugar reels from investor fund liquidation after the dollar surged to a 2-year high a

Published 23 Oct, 2008 12:00am

US MIDDAY: soya, corn, wheat lower

Soyabean, corn and wheat futures on the Chicago Board of Trade were sharply lower in early moves on Wednesday, pressured by a stronger dollar and spillover weakness from crude oil, traders said. As of 9:36 am CDT (1436 GMT), November soyabeans were down 4

Published 23 Oct, 2008 12:00am

US MIDDAY: copper hits three-year low

The price of copper fell to a 3-year low in New York futures trade early Wednesday as investor confidence crumbled in the face of a stronger dollar and fears of a global recession. Copper for December delivery dove as low as $1.8510 a lb on the New York M

Published 23 Oct, 2008 12:00am

US MIDDAY: gold drops

US gold futures tumbled below $750 an ounce on Wednesday as a dollar surge triggered widespread sell-offs in commodities amid falling stock markets on recession fears. December gold drops $14.00, or 1.8 percent, at $754.00 an ounce on the COMEX division o

Published 23 Oct, 2008 12:00am

The world of chemical industry

GLOBAL OVERVIEW: The world chemical industry is one of the most important manufacturing sectors with an annual turnover of approximately US $1,500 billion. The main players in chemical sector are from USA, Western Europe and Japan while emerging pl

Published 23 Oct, 2008 12:00am

Message from managing director business horizons

Business Horizons Pakistan is a business and trade promotion organisation in private sector, providing solutions and support for business development, free market economy and responsible business initiatives.

Published 23 Oct, 2008 12:00am

Message from secretary general FICCI

It is matter of great pleasure and pride to write this message for "India chem. 2008", 5th biennial international Exhibition and Conference on chemicals, petrochemicals and pharmaceuticals scheduled from October 20-23 2008 at NSE Complex, Mumbai.

Published 23 Oct, 2008 12:00am

Message from head of commerce & economic division High Commission of India Pakistan

I am glad that the India Chem 2008 in Mumbai during October 2008 is receiving active participation of leading. Pakistani business organisation. This is a field of business where the needs and objectives of India and Pakistan converge.

Published 23 Oct, 2008 12:00am

Action ordered against polythene bags business

Additional EDO Revenue Matanat Ali Khan has directed all CDGK Magistrates to take action against all such shopkeepers who are either producing or selling polythene bags of less than 300 micrones which have been banned by Sindh Home department. Earlier, su

Published 23 Oct, 2008 12:00am

PAF announcement

Pakistan Air Force (PAF) Information and Section Centre Hyderabad on Wednesday announced that registration for induction of civilian staff in Pakistan Airforce was in progress at PAF Information and Selection Centre Hyderabad. The registration which begun

Published 23 Oct, 2008 12:00am

Pakistan calls for conventional arms control

Pakistan has called for controlling conventional weapons at the lowest possible levels of armaments and military forces, in order to promote regional and international peace and security.

Published 23 Oct, 2008 12:00am

Activists of student organisation manhandle Karachi University official

The activists of a student organisation have badly beaten an official of the Karachi University (KU) administration when he rejected accepting illegal objection form for admission. According to detail the victim Saeed Ahmed has said that he was beaten whe

Published 23 Oct, 2008 12:00am

Shazia reviews Benazir youth development programme

Sindh Minister of Information, Shazia Marri, has said that policy making is the responsibility of legislators and bureaucracy has to follow and implement policies of elected government to deliver the masses for their socio-economic uplift.

Published 23 Oct, 2008 12:00am

Pak-Italy MCP 2009 signed

Pakistan and Italy on Wednesday signed Military Co-operation Plan (MCP) for the year 2009 on the occasion of 5th Pakistan-Italy staff talks at Joint Staff Headquarters, Chaklala.

Published 23 Oct, 2008 12:00am

Demographic, health survey launched

The Pakistan Demographic and Health survey 2006-07 was launched at a ceremony here on Wednesday. The ceremony was attended among others by the Consul General of the United States in Karachi Kay Anske, and the member of Sindh Assembly, Humaira Alwani.

Published 23 Oct, 2008 12:00am

Iranian bank to open branch in Karachi

Trade Development Bank of Iran will soon open a branch in Karachi, said Commercial Attache of Iran in Karachi Ahmad Fasihi said. Referring to the development of Iran-Pakistan trade relations, he termed the two countries' economic transactions as positive,

Published 23 Oct, 2008 12:00am

Hike in power tariff: businessmen hold emergency meeting today

Business community of Rawalpindi and Islamabad has convened an emergency meeting on Thursday to evolve a joint strategy against the sudden increase in electricity bills, it was learnt. The domestic power consumers have been charged over Rs 5 per unit on c

Published 23 Oct, 2008 12:00am

TSC supplementary exams

Sindh Board of Technical Education (TSC) has announced that Technical School Certificate (TSC) supplementary examination 2008 would begin on November 10, said Professor Sirajul Islam Bukhari, Examination Controller. In a press statement issued on Wednesda

Published 23 Oct, 2008 12:00am

ICAP plans to introduce concept of limited liability partnership

Institute of Chartered Accountants of Pakistan (ICAP) envisages to initiate a concept of Limited Liability Partnership and help rationalise exposure of audit firms of the country, said ICAP President, Syed Asad Ali Shah at its 47th Annual General Meeting.

Published 23 Oct, 2008 12:00am

Minfal meeting reviews fertiliser demand, supply situation

A meeting of the Fertiliser Review Committee was held on Wednesday in the Ministry of Food, Agriculture and Livestock (Minfal) to review the overall situation of demand and supply of Urea and DAP fertilisers in the country.

Published 23 Oct, 2008 12:00am

Need stressed to set up authorised kidney transplant hospitals

Prominent Kidney Transplantation Expert, Dr Colonel Mukhtar Hamid Shah (Retd) has emphasised the need for establishment of Authorised Kidney Transplant Centres or Hospitals in Pakistan along with creation of "Donors Welfare Fund" for payment to unrelated

Published 23 Oct, 2008 12:00am

'Knowledge a key driver for human development'

Pakistan's High Commissioner in Ottawa Musa Javed Chohan has said that government is fully aware of the positive relationship between economic development and education and making every possible effort to improve the quality and access to education for th

Published 23 Oct, 2008 12:00am

National Accountability Bureau team visits government school

A team of National Accountability Bureau (NAB) visited Government Central Model High School Samanabad here on Wednesday as part of their awareness-spreading campaign against corrupt practices. Gp Captain Zaigham Tirmizi (Retd) delivered a lecture on the t

Published 23 Oct, 2008 12:00am

Capital Development Authority's disaster management cell plan in doldrums

The Capital Development Authority's (CDA) plan to set up a disaster management cell is yet to take shape, with one reason or another keeping the project on hold. Following the huge loss in the collapse of Margalla Towers in Islamabad in 2005 earthquake, t

Published 23 Oct, 2008 12:00am

CDA seeks PC help to set up Disaster Management Academy

Capital Development Authority (CDA) on Wednesday sought assistance from the Planning Commission to chalk out PC-I for Disaster Management Academy According to sources, the academy, being planned by the civic body, will be first of its kind in the capital.

Published 23 Oct, 2008 12:00am

Poonawala Apartment fire incident: affected people seek compensation from KESC

A small fire turned into a devastating inferno and completely damaged part of a five-storey residential building last week in UC-I of Keamari Town due to, what the eyewitnesses said, late-coming of the fire-fighters. Affected people have demanded of the K

Published 23 Oct, 2008 12:00am

Senator condemns India for building Baglihar Dam

Chairman Senate Standing Committee on Interior Senator Talha Mahmood strongly condemned India's unlawful and wrong action of building Baglihar Dam. He said the human rights champions and peace loving countries should have come forward and stop India on br

Published 23 Oct, 2008 12:00am

Bangladeshi CoAS calls on President and Prime Minister

General Moeen Uddin Ahmed, Chief of the Army Staff of Bangladesh, called on President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani on Wednesday said Pakistan and Bangladesh were bound in enduring ties of shared faith, history, culture and n

Published 23 Oct, 2008 12:00am

Global security agenda demands united approach: General Tariq

General Tariq Majeed, Chairman, Joint Chiefs of Staff Committee (CJCSC), has stressed the need for collective efforts to meet the challenges which the various countries of the region are facing under current global security agenda.

Published 23 Oct, 2008 12:00am

Owais eulogises assistance of donors for IDPs

The NWFP Governor Owais Ahmed Ghani while eulogising the spirit and services of all the concerned governmental and non-government organisations especially the Unicef, UNHCR, WFP, WHO, UNFPO, MSF France as well as the Pakistan Red Crescent Society in helpi

Published 23 Oct, 2008 12:00am

SHC issues notices in petitions by CNG station owners

Notices were issued to respondents in two identical constitution petitions filed by the owners of the two CNG stations located in Gulshan-e-Iqbal and Gulistan-e-Johar challenging delay in conversion of their plots to commercial by the concerned department

Published 23 Oct, 2008 12:00am

Trade links across LoC welcomed

A UK-based Kashmiri organisation has welcomed the resumption of trade between the two parts of divided Kashmir after 60 years and termed it as "opening the windows for hearts and minds".

Published 23 Oct, 2008 12:00am

Partly Facetious: a wide gulf between technical and actual

"Troika?"

Published 23 Oct, 2008 12:00am

Legacy of our forefathers

Our forefathers gave us a country to live as citizens of a sovereign nation, where we could live without any fear or discrimination. Pakistan was created to free the minority Muslims from economic subjugation of the majority Hindu population.

Published 23 Oct, 2008 12:00am

Comments on Industrial Relations Act 2008 - VI

Justice that comes too late has no meaning to the person it is meant for. During a prolonged and unending proceeding, the priorities of a worker towards life change along with the circumstances. The person can also loose everything on account of the pendi

Published 23 Oct, 2008 12:00am

'Under water' mortgages are growing threat to US

Long before she filed for bankruptcy, Ann Neukomm was "under water" - she owed more on her mortgage than her house was worth - a situation more and more Americans are finding themselves in. As the financial crisis hits Main Street America, nearly one in s

Published 23 Oct, 2008 12:00am

The friends of Pakistan

Shaukat Tarin's plan 'B' envisages a $4 billion helping hand from the 'Friends' of Pakistan (FoP). Firstly, $4 billion won't be enough for bringing a semblance of stability in Pakistan's macroeconomic indicators and, secondly, from the look of things, hop

Published 23 Oct, 2008 12:00am

Disarray in CNG conversion kits sector

As a recent Recorder Report has indicated, the unabated increasing trend in prices of conversion kits of compressed natural gas (CNG) during the last eight months has lately accelerated, scaling new highs, thereby, depicting further increase of 30

Published 23 Oct, 2008 12:00am

Trade across the LOC

The decision by the Indian and Pakistani governments to allow limited trade across the Line of Control (formerly Cease-fire Line) in Kashmir began implementation amidst much fanfare on Tuesday. The first consignment, limited to trucks carrying apples, oni

Published 23 Oct, 2008 12:00am

Peace talks with militants

The United States is as much interested in sorting out the Taliban and al Qaeda as in securing a bailout for Pakistan's faltering economy; perhaps more. Of course the visiting US Assistant Secretary of State for South and Central Asian Affairs Richard Bou

Published 23 Oct, 2008 12:00am

Foreign investors reaping benefits of bilateral tax conventions

Foreign investors of Japan, Germany and China and other European Countries are availing tax concessions on royalty, interest income, dividends under various provisions of the avoidance of double taxation and prevention of fiscal evasion agreements inked w

Published 23 Oct, 2008 12:00am

Dry weather forecast

The provincial metropolis would remain dry for the next 24 hours, while the mercury has again started to increase over the last few days. According to a meteorological official here on Wednesday, due to continental air prevailing over the most part of the

Published 23 Oct, 2008 12:00am

Citi grants $30,000 for research on low-income housing

There is an acute shortage of affordable housing units across Pakistan, and the situation is more severe in low-income population, a segment characterised by high levels of unmet demand. As the demand for affordable housing is on the rise, the issue is fu

Published 23 Oct, 2008 12:00am

'200-year old Sindh archives computerisation delayed'

The project of Sindh Archives Department, worth Rs 8 million aimed at launching of a website, digitisation and computerisation of 200-year old records and books, could not be completed despite passage of more than a year. The project was kicked off in Jun

Published 23 Oct, 2008 12:00am

Hike in power and gas tariff: industrialists to meet Zardari

Business community including federal and local trade bodies is scheduled to meet President Asif Ali Zardari on Friday to withdraw present hike in power tariff, Business Recorder learnt on Wednesday. Source said that the delegation of Federation of

Published 23 Oct, 2008 12:00am

DSRA criticises power tariff increase

Defence Society Residents Association (DSRA) has demanded of the federal government to annul Nepra's recommendation on power tariff increase. There should be total transparency in any future privatisation process, and all past and present agreements made

Published 23 Oct, 2008 12:00am

KSE inks MoU with Singapore bourse

The Singapore Exchange Limited (SGX) and Karachi Stock Exchange (KSE) on Wednesday signed a memorandum of understanding (MoU) to collaborate for the benefit of the financial services industries in Singapore and Pakistan. According to a press release, the

Published 23 Oct, 2008 12:00am

IGP says overall street crimes down by 40 percent in Karachi

There has been 40 percent decrease in over all street crimes in Karachi with cell phone snatching reduced by 52 percent and vehicle snatching reported a significant decrease of 50 percent. This was stated by Inspector General Police Sindh, Sultan Salahudd

Published 23 Oct, 2008 12:00am

Nazims in confrontation with NWFP government

All district nazims of NWFP Wednesday rejected the District Government Act 2008 and announced to wage a legal battle against the provincial government. The districts had already obtained the services of the legal wizard Sardar Khan.

Published 23 Oct, 2008 12:00am

FPCCI team to visit India in December

FPCCI is taking a trade delegation to Amritsar on the invitation of PHD Chamber of Commerce & Industry. This delegation will interact and arrange B2B meetings between the two countries on the occasion of Pakistan's participation in International Trade Exp

Published 23 Oct, 2008 12:00am

SSGC customers' base touches two million

Sui Southern Gas Company's (SSGC's) customer base has recently touched the two million mark. According to the latest figures, the figure stands at 2,072,086 out of which the Company is serving 2,045,967 domestic customers, 22,558 commercial and 3,561 indu

Published 23 Oct, 2008 12:00am

LHC allows woman to go with her husband

The Lahore High Court (LHC) on Wednesday allowed a girl to go with her husband after she refused to go with her parents. Muhammad Arshad of Mianwali had filed a petition seeking recovery of her wife Fareeda Murad from the custody of her parents. Arshad sa

Published 23 Oct, 2008 12:00am

Over nine percent kids die before their fifth birthday: survey

More than 9 percent children die before their 5th birthday and one in 362 women die due to delivery by unskilled birth attendants, while only 47 percent children under two years receive proper immunisations doses of five major diseases, reveals a survey r

Published 23 Oct, 2008 12:00am

Government urged to curtail non-productive expenditures

Former Chairman Pakistan Pharmaceutical Manufacturers Association (PPMA) and Chairman Highnoon Group of Industries, Jawaid Tariq Khan has urged the government to curtail its non-productive expenditures, stop borrowing from banks and enhance import duty on

Published 23 Oct, 2008 12:00am

National skills strategy: modalities chalked out to put NAVTEC Ordinance before parliament

The National Vocational and Technical Education Commission (NAVTEC) Ordinance would be presented before the parliament to give it shape of an act for effective implementation of the "Vision for the National Skills Strategy, 2008-2012". Sources told Bus

Published 23 Oct, 2008 12:00am

National security: parliament has resolved on reviewing policy

The joint session of the parliament Wednesday passed a 14-point draft resolution on 'National Security Policy' prepared by the 16-member parliamentary committee and agreed to review the security policies of the previous regime.
Published 23 Oct, 2008 12:00am

The Weather

The weather report on Wednesday (October 22, 2008) and the forecast for Thursday (October 23, 2008).

Published 23 Oct, 2008 12:00am

Navtec chairman calls on Naek

Chairman, National Vocational and Technical Education Commission (Navtec), Adnan A. Khawaja called on Federal Minister for Law, Justice and Parliamentary Affairs, Farooq H. Naek at the Minister's office here on Wednesday. During the meeting, legal matters
Published 23 Oct, 2008 12:00am

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 23 Oct, 2008 12:00am

Saudi Arabia's strength is Pakistan's strength: Gilani

Prime Minister Syed Yousuf Raza Gilani on Wednesday said that brotherly relations between Pakistan and Saudi Arabia are rooted in common ethos, shared values and common faith which transcend the changing global environment and expediency of international
Published 23 Oct, 2008 12:00am

LME official prices

LME official prices on Tuesday.

Published 23 Oct, 2008 12:00am

'Japan government should help to overcome energy crisis'

Senior Minister Punjab, Raja Riaz Ahmad said that Pakistan and Japan are two brotherly countries who are bound in the bond of bilateral friendship and brotherhood since long. Japan government should help to overcome the energy crisis in Pakistan by its pr
Published 23 Oct, 2008 12:00am

LME official prices

LME official prices on Tuesday.

Published 23 Oct, 2008 12:00am

Chairman BoI felicitated

Acting President, Lahore Chamber of Commerce and Industry (LCCI), Mian Muzaffar Ali and Vice President, Shafqat Saeed Piracha have congratulated Saleem U Mandviwalla for assuming charge as Chairman Board of Investment (BoI) with the status of Minister of
Published 23 Oct, 2008 12:00am

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (October 22, 2008).

Published 23 Oct, 2008 12:00am

75,654 metric tonnes of imported wheat reaches Punjab

Secretary Food Punjab, Mohammed Irfan Elalhi has said that 75654 metric tones imported wheat has reached Punjab while one lakh 22 thousand metric tones wheat was also on its way to Punjab from Karachi Port. Wheat received in Punjab, so far, is up to the r
Published 23 Oct, 2008 12:00am

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 23, 2008).

Published 23 Oct, 2008 12:00am

Kashmiris indifferent to forthcoming election in IHK

At a time when India is preparing to stage election drama in Held Kashmir the local population is least interested in it. According to a documentary telecast by a private television channel on Wednesday Kashmiris belonging to every walk of life are commit
Published 23 Oct, 2008 12:00am

APAT rejects FPCCI's strike call

President, Haji Maqsood Butt, All Pakistan Anjaman-e-Tajran (APAT), addressing a press conference here on Wednesday, said that nation wide strike call against the government policies at that time when the country is passing through worst economic crisis a
Published 23 Oct, 2008 12:00am

Need for promoting computer literacy stressed

Federal Minister for Information Technology Qamar Zaman Kaira has stressed the need for promoting computer literacy in country. During his visit to Pakistan Computer Bureau (PCB) here on Wednesday, he appreciated the role of the PCB in promoting computer
Published 23 Oct, 2008 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 22, 2008).

Published 23 Oct, 2008 12:00am

Spat of terrorism: government plans to reinforce security for President, VVIPs

In present circumstances when the country is under a spate of terrorism, extremism and suicide attacks, the top most priority of the government is to enhance the security of the President and other top government functionaries, said a top Interior Ministr
Published 23 Oct, 2008 12:00am

Poultry rates

Wholesale poultry rates on Wednesday (October 22, 2008) and for Thursday (October 23, 2008).
Published 23 Oct, 2008 12:00am

Lawyers' rally today

Lawyers in Lahore will boycott the courts and take out a rally on Thursday (today) to protest against the dismissal of judges of the higher courts. The Lahore Bar and the Lahore High Court Bar, after their general body meetings would proceed to the Mall R
Published 23 Oct, 2008 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 22, 2008).

Published 23 Oct, 2008 12:00am

Dr Abdul Qadeer Khan case: contempt petition filed against DAG, advisor

Barrister Javed Iqbal Jafferi, counsel for Dr Abdul Qadeer Khan on Wednesday filed a contempt of court petition at Islamabad High Court (IHC) against Deputy Attorney General (DAG) and Advisor to the Prime Minister on Interior for suspecting authenticity o
Published 23 Oct, 2008 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (October 22, 2008).

Published 23 Oct, 2008 12:00am

Best business practices stressed: Attock Refinery moot on HSE held

Highlighting the importance of the Health Safety and Environment (HSE) in today's business environment, the Chief Executive Officer, Attock Refinery Limited (ARL), Adil Khattak has said the sharing of HSE, exchange of best business practices and learning
Published 23 Oct, 2008 12:00am

National Commodity Exchange Trading Summary

National Commodity Exchange Limited Trading Summary on Wednesday (October 22, 2008).

Published 23 Oct, 2008 12:00am

Ministers, MPs not authorised to order transfers, postings

The Lahore High Court (LHC) has observed that the ministers and members of the parliament have no right to command removal or transfer of government employees under any law. The court while cancelling the dismissal order of a head clerk, Shakoor Ali by th
Published 23 Oct, 2008 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 22, 2008).

Published 23 Oct, 2008 12:00am

Afghan foreign minister calls on Zardari

Afghan Foreign Minister, Dr Rangin Dadfar Spanta called on President Asif Ali Zardari on Wednesday and discussed with him the matters of mutual interest. Pakistan's Foreign Minister, Makhdoom Shah Mahmood Qureshi and Afghan Charge d' Affairs, Majnoon Gula
Published 23 Oct, 2008 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 22, 2008).

Published 23 Oct, 2008 12:00am

NHA complains about shortage of funds

National Highway Authority (NHA) has said that the authority is facing difficulties due to shortage of the required funds for various on-going projects. The chairman, NHA, Altaf Ahmed Chaudhry apprised the meeting of Executive Board of NHA.
Published 23 Oct, 2008 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (October 22, 2008).

Published 23 Oct, 2008 12:00am

Regulatory duty on HSD, kerosene export to Kabul slashed

The Federal Board of Revenue (FBR) has drastically reduced the regulatory duty on export of high speed diesel and superior kerosene oil to Afghanistan from October 16, 2008. The board has amended SRO 946(I)/2008 of September 4, 2008 through a notification
Published 23 Oct, 2008 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (October 22, 2008).

Published 23 Oct, 2008 12:00am

THE RUPEE: mixed trend seen

Firm trend was witnessed on the interbank market on Wednesday as the rupee gained five paisa against dollar for buying and selling at 81.40 and 81.45, dealers said. All the eyes were set on developments on the economic front, awaiting word on whether the
Published 23 Oct, 2008 12:00am

Children park likely to complete by November 15

Chairman, CDA, Tariq Mehmood Khan directed the concerned department on Wednesday to complete the Children Park in F-9 Park by November 15. He urged to ensure provision of more facilities to the citizens and children. The Chairman CDA directed the concerne
Published 23 Oct, 2008 12:00am

11.8kg LPG prices lowered to Rs 20-35

Lub Gas and Mehran LPG that together represent Pakistan's largest LPG marketing set-up have lowered LPG prices to Rs 20-35 per 11.8kg cylinder in different parts of the country. 'Reductions in the prices at which our nation-wide distributors purchase prod
Published 23 Oct, 2008 12:00am

PICIC GROWTH FUND - Analysis of Financial Statements Financial Year 2002 - Q 2003 2008

PICIC Growth Fund is one of the largest closed-end scheme in Pakistan. Its principal business is to invest in listed equities with an objective to generate capital growth.
Published 23 Oct, 2008 12:00am

EPI's negligence creates health hazard

Due to negligence of federal EPI cell, ministry of health, Pentavalent vaccine worth Rs 3 billion, administered to the new born babies has become a health hazard. According to sources, the ministry had to kick off Pentavalent vaccination campaign in July
Published 23 Oct, 2008 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Dec 23

278.69

USD PKR Interbank Buying / Dec 23

278.43

USD to Japanese Yen / Dec 23

156.63

USD to Swiss Franc / Dec 23

0.90

Pound Sterling to USD / Dec 23

1.26

Euro to USD / Dec 23

1.04

Stock Volume

S&P 500 / Dec 20

5,930.85

Nasdaq / Dec 20

19,572.60

Dow Jones / Dec 20

42,840.26

India Sensex / Dec 23

78,595.51

Tokyo Nikkei / Dec 23

39,161.34

Hang Seng / Dec 23

19,857.04

FTSE 100 / Dec 23

8,068.16

Germany DAX 30 / Dec 23

19,830.32

Item Value

Gold 10 Grams PKR / Dec 20

234,311

Karachi Cotton PKR/37.32 KG / Dec 21

17,585

Petrol/Litre / Dec 23

252.10

Crude Oil USD/Barrel / Dec 23

69.79

Gold Spot USD/Ounce / Dec 23

2,632.38

Diesel/Litre / Dec 23

255.38

Gainers
Losers
Leaders

Stock Price

Dewan Sugar / Dec 23

Dewan Sugar Mills Limited(DWSM)

6.60

▲ 1.00 (17.86%)

First Capital Equities / Dec 23

First Capital Equities Limited(FCEL)

5.90

▲ 0.75 (14.56%)

Jahangir Sidd(Pref) / Dec 23

Jahangir Sidd(Pref)(JSCLPSA)

9.50

▲ 0.95 (11.11%)

Dewan Farooque Sp. / Dec 23

Dewan Farooque Spinning Mills Limited(DFSM)

4.72

▲ 0.45 (10.54%)

Trust Sec.& Brok. / Dec 23

Trust Securities & Brokerage Limited(TSBL)

10.55

▲ 1.00 (10.47%)

Dawood Equities / Dec 23

Dawood Equities Limited(DEL)

10.63

▲ 1.00 (10.38%)

Pak. P.V.C. / Dec 23

Pakistan PVC Limited(PPVC)

10.70

▲ 1.00 (10.31%)

Power Cem(Pref) / Dec 23

Power Cement (Pref)(POWERPS)

12.27

▲ 1.12 (10.04%)

Pak Gulf Leasing / Dec 23

Pak-Gulf Leasing Company Limited(PGLC)

13.06

▲ 1.19 (10.03%)

Stock Price

Maqbool Tex. / Dec 23

Maqbool Textile Mills Limited(MQTM)

31.03

▼ -3.45 (-10.01%)

Blue-Ex Ltd / Dec 23

Blue-Ex Limited (GEM)(GEMBLUEX)

40.87

▼ -4.54 (-10.00%)

J.A.Textile / Dec 23

J.A. Textile Mills Limited(JATM)

37.72

▼ -4.19 (-10.00%)

Olympia Mills / Dec 23

Olympia Mills Limited(OML)

34.60

▼ -3.82 (-9.94%)

Dar-es-Salaam / Dec 23

Dar-es-Salaam Textile Mills Limited(DSML)

42.01

▼ -4.58 (-9.83%)

Asia Ins. / Dec 23

Asia Insurance Company Limited(ASIC)

14

▼ -1.51 (-9.74%)

First Tri-Star Mod. / Dec 23

First Tri-Star Modaraba(FTSM)

13.87

▼ -1.47 (-9.58%)

National Silk / Dec 23

The National Silk & Rayon Mills Limited(NSRM)

50.51

▼ -4.93 (-8.89%)

Popular Islamic / Dec 23

Popular Islamic Modaraba(PIM)

12.60

▼ -1.14 (-8.30%)

Stock Volume

WorldCall Telecom / Dec 23

Worldcall Telecom Limited(WTL)

99,942,750

▲ 0.12

Pace (Pak) Ltd. / Dec 23

Pace (Pakistan) Limited(PACE)

43,280,462

▲ 0.12

K-Electric Ltd. / Dec 23

K-Electric Limited(KEL)

40,644,312

▲ 0.33

Sui South Gas / Dec 23

Sui Southern Gas Company Limited(SSGC)

40,619,788

▲ 1.26

Cnergyico PK / Dec 23

Cnergyico PK Limited(CNERGY)

39,624,111

▲ 0.56

Fauji Foods Ltd / Dec 23

Fauji Foods Limited(FFL)

34,409,913

▲ 1.32

Pak Elektron / Dec 23

Pak Elektron Limited(PAEL)

33,691,018

▲ 2.36

B.O.Punjab / Dec 23

The Bank of Punjab(BOP)

29,495,012

▲ 0.28

P.T.C.L. / Dec 23

Pakistan Telecommunication Company Ltd(PTC)

22,515,116

▲ 1.90

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Tax receipts must improve

PTI welcomes PM’s step

EU strongly reacts to conviction of civilians by military court

Meezan Bank, AHL launch instant top-up service for investors

NJLI Sarmaya Growth Fund Rates

Piqued by huge tax evasion, PM orders crackdown

Punjab farmers to receive subsidised agri machinery

PIA adds 11th Airbus 320 to operational fleet

‘Tax laws (amendment) bill likely to be challenged in courts’

PM Shehbaz forms negotiation committee for talks with PTI

Equities outperform major asset classes

‘Fitna Al Khwarij’ to be hunted down till its elimination: COAS

Donald Trump says he might demand Panama hand over canal

NJLI Sarmaya Growth Fund Rates

Positive GDP growth rate unlikely?

Resident Pakistanis in UAE, UK: Rental income, capital gain not taxable: ATIR DB

Two foreign oil, gas firms win arbitration against PEL

Piqued by huge tax evasion, PM orders crackdown

Three Gencos’ CEOs suspended

Digital channels drive 87pc of retail payments

Tax Laws (Amendment) Bill, 2024: comments

Gold price per tola falls further Rs2,000 in Pakistan

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	5.90 ▲ 0.75 (14.56%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
Pak. P.V.C. / Dec 23 Pakistan PVC Limited(PPVC)	10.70 ▲ 1.00 (10.31%)
Power Cem(Pref) / Dec 23 Power Cement (Pref)(POWERPS)	12.27 ▲ 1.12 (10.04%)
Pak Gulf Leasing / Dec 23 Pak-Gulf Leasing Company Limited(PGLC)	13.06 ▲ 1.19 (10.03%)

Stock	Price
Maqbool Tex. / Dec 23 Maqbool Textile Mills Limited(MQTM)	31.03 ▼ -3.45 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	14 ▼ -1.51 (-9.74%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	13.87 ▼ -1.47 (-9.58%)
National Silk / Dec 23 The National Silk & Rayon Mills Limited(NSRM)	50.51 ▼ -4.93 (-8.89%)
Popular Islamic / Dec 23 Popular Islamic Modaraba(PIM)	12.60 ▼ -1.14 (-8.30%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.12
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.12
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.33
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 1.26
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	39,624,111 ▲ 0.56
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	34,409,913 ▲ 1.32
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	33,691,018 ▲ 2.36
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.28
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	22,515,116 ▲ 1.90