News Archives for Print - 2008-10-29

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (October 28, 2008).

Published 29 Oct, 2008 12:00am

FLC urged to implement regulation to boost agriculture sector

Parliamentary Secretary for Cabinet and Establishment Farhat Khan on Tuesday directed the Federal Land Commission (FLC) to ensure implementation of its regulation in true spirit for revival of the agriculture sector. She said, "agriculture is still the si

Published 29 Oct, 2008 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (October 28, 2008).

Published 29 Oct, 2008 12:00am

Parties must discourage forward blocs: Shujaat

Chief, PML-Q, Chaudhry Shujaat Hussain has said that all political parties should discourage the tendency of forming forward blocs. Talking to a private TV channel he termed forward bloc as a group of opportunists, adding that the purpose of forming the b

Published 29 Oct, 2008 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (October 28, 2008).

Published 29 Oct, 2008 12:00am

PML-N holds clear stance on judiciary issue: Ahsan

Information Secretary of Pakistan Muslim League-Nawaz (PML-N), Ahsan Iqbal has said that PML-N is holding a clear stance about the judiciary issue. Talking to a private TV channel he said PML-N has said many time that the judicial crisis was created when

Published 29 Oct, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (October 28, 2008).

Published 29 Oct, 2008 12:00am

Pakistan to continue moral, political support to Kashmiris: Nawaz

Pakistan Muslim League-N Quaid Mian Nawaz Sharif on Tuesday said that the issue of Kashmir had since been resolved, if his government was not toppled in an unconstitutional way on October 12, 1999 He said this while talking to All Parties Hurriyat Confere

Published 29 Oct, 2008 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

Published 29 Oct, 2008 12:00am

Five of a family die as roof caves in

Five member of a family, including two women and a child died near Wahdat Colony when the roof caved in on Tuesday morning. CPO Multan Syed Saud Saad Aziz said, "Five member of a family died on the spot and another four injured when a roof Murid Hussain c

Published 29 Oct, 2008 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 29 Oct, 2008 12:00am

Capital facing shortage of 11,000 flour bags per day

Islamabad is facing shortage of 11,000 flour bags per day and trying to overcome this problem by requesting the Punjab government to increase flour quota for federal capital. " Islamabad is currently obtaining 14,000 flour bags per day and the total deman

Published 29 Oct, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (October 28, 2008).

Published 29 Oct, 2008 12:00am

Zardari reiterates resolve to steer country out of economic crises

President Asif Ali Zardari has reiterated his resolve to steer the country out of the serious economic and political challenges it had inherited. Since assuming power, the government has used its efforts to strengthen the democracy and now there was polit

Published 29 Oct, 2008 12:00am

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 29 Oct, 2008 12:00am

Tarin briefs McDonald on economic issues

Advisor to Prime Minister on Finance and Economic Affairs, Shaukat Tarin, held a meeting with Simon McDonald, Adviser to British Prime Minister on Foreign and Defence Policy here on Tuesday.

Published 29 Oct, 2008 12:00am

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 29 Oct, 2008 12:00am

Jica to help establish centre of excellence

The Record of Discussion, for launching "The project for development of Centre of Excellence for Technical Education" will be signed between Japan International Co-operation Agency (Jica) and the Government of Pakistan on October 31, 2008 at National Voca

Published 29 Oct, 2008 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 29 Oct, 2008 12:00am

Customs told to focus on highly smuggling-prone items

The Federal Board of Revenue (FBR) has directed the collectors of customs to check illicit trade of highly smuggling-prone items, particularly mobile phone sets, perfumes, cosmetics and luxury goods liable to customs duty and regulatory duty (RD).

Published 29 Oct, 2008 12:00am

Malaysian tin soars

Malaysian tin rose nearly 21 percent on Tuesday due to a sharp rise in London Metal Exchange prices and scattered buying from Japan and Europe, one dealer said. The dealer added that there was a technical correction of Malaysian tin price with LME.

Published 29 Oct, 2008 12:00am

UK human rights activist seeks Imran's help in finding missing people

A British citizen and Human Rights activist Yvonne Ridley asked the government of Pakistan to help her in finding the prisoner 650 and other Asian and Arab women along with Aafia Siddique who have been kidnapped.

Published 29 Oct, 2008 12:00am

US copper rebound

US copper futures ended up for the first time in six sessions on Monday after a surprise increase in US September new home sales suggested a possible bottoming in the gloomy sector. Copper for December delivery settled up 11.85 cents, or 7.03 percent, at

Published 29 Oct, 2008 12:00am

29 outlaws arrested

CIA Police City Division have arrested 29 criminals of two Inter-Provincial gangs involved in various incidents of robbery, cash and motorcycle snatching, different street crimes in the guise of police.

Published 29 Oct, 2008 12:00am

Shanghai copper limit down

Shanghai copper fell by its 5 percent daily limit on Tuesday, as a rise in the dollar to a 2-1/2 year high sent London futures scurrying almost 5 percent lower after sharp overnight gains. A short flurry of enthusiasm after a surprise rise in new US home

Published 29 Oct, 2008 12:00am

Zardari gives awards to Biden and Lugar

President Asif Ali Zardari announced on Tuesday government awards for US Democratic vice presidential nominee Joe Biden and Republican Senator Richard Lugar. Biden and Lugar in July introduced a bipartisan US aid plan which calls for $1.5 billion per year

Published 29 Oct, 2008 12:00am

US rice futures end firm

US rough rice futures on the Chicago Board of Trade ended higher Monday on a rebound from a nine-month low hit during Asian trading hours, traders said. Firmness in rice along with other CBOT grains stemmed from early stability in the financial markets.

Published 29 Oct, 2008 12:00am

Kurd elected SCBA president

The legal fraternity on Tuesday elected firebrand Ali Ahmed Kurd as president of Supreme Court Bar Association (SCBA), the heart and soul of lawyers' movement from across the country by overwhelming majority in a pursuit to revive their movement once agai

Published 29 Oct, 2008 12:00am

New York sugar up

Raw sugar futures closed higher on Monday on trade buying and investor short-covering as the market recovered from last week's fall to a four-month low, brokers said. The March raws sugar contract rose 0.20 cent to settle at 10.96 cents per lb. Moving fro

Published 29 Oct, 2008 12:00am

EU computer network links Pakistan researchers to the world

Scientists and researchers in Pakistan can now connect with colleagues across the globe via a link with the world''s largest computer network dedicated to research and education, Brussels announced on Tuesday. Europe''s GEANT network, to which academics i

Published 29 Oct, 2008 12:00am

Vietnam cuts rice floor price

Vietnam cut the minimum price at which it allows exporters to sell rice by nearly a quarter on Tuesday as the world's second-biggest supplier bows to the reality of a sharply falling global market. The move will add to pressure on Thailand, the world's to

Published 29 Oct, 2008 12:00am

EU computer network links Pakistan researchers to the world

Scientists and researchers in Pakistan can now connect with colleagues across the globe via a link with the world's largest computer network dedicated to research and education, Brussels announced on Tuesday. Europe's GEANT network, to which academics in

Published 29 Oct, 2008 12:00am

Rubber producers to unveil price-support plans

Southeast Asia's top three rubber producers are to issue a joint statement on measures to support prices this week, a senior industry official said on Tuesday. "The joint statement is expected to be released after a teleconference between agriculture mini

Published 29 Oct, 2008 12:00am

EU computer network links Pakistan researchers to the world

Scientists and researchers in Pakistan can now connect with colleagues across the globe via a link with the world's largest computer network dedicated to research and education, Brussels announced on Tuesday. Europe's GEANT network, to which academics in

Published 29 Oct, 2008 12:00am

US soyabean futures end up

US soybean futures on the Chicago Board of Trade bounced on Monday, after flirting near one-year lows last week, supported by the stability in the Dow industrials and firm cash markets, traders said. November soybeans ended 29-1/4 cents higher at $8.93 a

Published 29 Oct, 2008 12:00am

EMC reviews sugar, wheat and fertiliser stocks position

The economic monitoring committee (EMC), which met here, with Adviser on Finance Shaukat Tarin in the chair, directed the Ministry of Industries to consider the proposal of importing raw sugar to meet any likely shortfall.

Published 29 Oct, 2008 12:00am

Malaysian palm oil futures recover

Malaysian palm futures recouped losses to finish 5 percent higher on Tuesday, after hitting a fresh three-year low earlier, supported by a rebound in crude oil price, traders said. The rally in Asian equity markets and soybean oil prices also helped boost

Published 29 Oct, 2008 12:00am

EMC reviews sugar, wheat and fertiliser stocks position

The economic monitoring committee (EMC), which met here, with Adviser on Finance Shaukat Tarin in the chair, directed the Ministry of Industries to consider the proposal of importing raw sugar to meet any likely shortfall.

Published 29 Oct, 2008 12:00am

US gold higher

New York gold futures rose on Monday as a rebound in the battered US stock market provided support to commodities despite a stronger dollar. December settled up $12.60 at $742.90 an ounce on the COMEX division of the New York Mercantile Exchange.Futures t

Published 29 Oct, 2008 12:00am

EMC reviews sugar, wheat and fertiliser stocks position

The economic monitoring committee (EMC), which met here, with Adviser on Finance Shaukat Tarin in the chair, directed the Ministry of Industries to consider the proposal of importing raw sugar to meet any likely shortfall.

Published 29 Oct, 2008 12:00am

Gold rises in Asia

Gold jumped 2 percent on Tuesday after gains in the equities markets and rebounding oil spurred buying from investors, who were looking next to an expected US interest rate cut and economic data for direction. Platinum also bounced but held near five-year

Published 29 Oct, 2008 12:00am

Clocks to go back one hour on midnight of October 31

The clocks will go back one hour on the midnight of October 31 Friday, PTV quoting Ministry of Interior reported on Tuesday. The change in time schedule was made to make maximum use of daylight in the country in a bid to save energy. The country switched

Published 29 Oct, 2008 12:00am

Oil turns positive above $64

Oil erased early losses to rise by one dollar to above $64 on Tuesday, tracking a rebound in Asian stock markets as investors returned to buy beaten-down shares. The US dollar's easing from an earlier year high against the euro also helped and traders loo

Published 29 Oct, 2008 12:00am

Clocks to go back one hour on midnight of October 31

The clocks will go back one hour on the midnight of October 31 Friday, PTV quoting Ministry of Interior reported on Tuesday. The change in time schedule was made to make maximum use of daylight in the country in a bid to save energy. The country switched

Published 29 Oct, 2008 12:00am

Deutsche Post steps in to buy Postbank shares

Deutsche Post stepped in to help its Deutsche Postbank unit raise cash in a capital increase even as it cut its own full-year profit outlook amid slowing economic growth. Europe's biggest mail and express delivery company said on Monday it would spend up

Published 29 Oct, 2008 12:00am

Edible oil import consignments to be tested by PSQCA

All imports of edible oil will, henceforth, be subject to tests for standards and issuance of Conformity Assessment Report (CAR) by Pakistan Standards and Quality Control Authority (PSQCA) before marketing of the product for sale.

Published 29 Oct, 2008 12:00am

Deutsche Post steps in to buy Postbank shares

Deutsche Post stepped in to help its Deutsche Postbank unit raise cash in a capital increase even as it cut its own full-year profit outlook amid slowing economic growth. Europe's biggest mail and express delivery company said on Monday it would spend up

Published 29 Oct, 2008 12:00am

Edible oil import consignments to be tested by PSQCA

All imports of edible oil will, henceforth, be subject to tests for standards and issuance of Conformity Assessment Report (CAR) by Pakistan Standards and Quality Control Authority (PSQCA) before marketing of the product for sale.

Published 29 Oct, 2008 12:00am

TNT profit drop bigger than expected

Dutch mail company TNT NV reported a bigger fall in third-quarter net profit than expected as the global downturn hits demand for delivery services, pushing its shares down by more than 10 percent. Europe's second-largest mail and express delivery company

Published 29 Oct, 2008 12:00am

Edible oil import consignments to be tested by PSQCA

All imports of edible oil will, henceforth, be subject to tests for standards and issuance of Conformity Assessment Report (CAR) by Pakistan Standards and Quality Control Authority (PSQCA) before marketing of the product for sale.

Published 29 Oct, 2008 12:00am

TNT profit drop bigger than expected

Dutch mail company TNT NV reported a bigger fall in third-quarter net profit than expected as the global downturn hits demand for delivery services, pushing its shares down by more than 10 percent. Europe's second-largest mail and express delivery company

Published 29 Oct, 2008 12:00am

Gold soars by Rs 1,000 per tola

Gold prices have gone up by Rs 1000 per tola and Rs 857 per 10 grams in the local market, traders said. Gold on Tuesday was traded at Rs 24,600 per tola, which was available at Rs 23,600 a day ago, while price of 10 grams gold grew to Rs 21,085 from Rs 20

Published 29 Oct, 2008 12:00am

UAE banks have drawn 15 percent of emergency funds

The United Arab Emirates central bank governor said on Monday that banks in the Gulf state had drawn about 15 percent of the 50 billion dirham ($13.61 billion) it set up last month to boost liquidity. "Banks are using only 15 percent of the central bank's

Published 29 Oct, 2008 12:00am

ADB earmarks 25 percent resources for water financing

In the wake of increasing food shortage, the Asian Development Bank (ADB) has earmarked 25 percent of resources for Water Financing Program (WFP) for the period from 2006 to 2010 in five countries, Pakistan, India, Indonesia, Philippines and Vietnam.

Published 29 Oct, 2008 12:00am

UAE banks have drawn 15 percent of emergency funds

The United Arab Emirates central bank governor said on Monday that banks in the Gulf state had drawn about 15 percent of the 50 billion dirham ($13.61 billion) it set up last month to boost liquidity. "Banks are using only 15 percent of the central bank's

Published 29 Oct, 2008 12:00am

OGDCL clarification

Apropos a news item "OGDCL to lose billions by giving Kunnar project to LPG group" carried by Business Recorder on Monday, the Oil Gas Development Company Limited has clarified that OGDCL is following a transparent and a clear procedure of procurem

Published 29 Oct, 2008 12:00am

World Bank sees China grow 8-9 percent in 2009

China's economy is likely to expand between 8 and 9 percent in 2009, the World Bank's top economist said, calling the fourth-largest economy's continued fast growth its biggest contribution to fighting global recent in the third quarter from 11.9 percent

Published 29 Oct, 2008 12:00am

OGDCL clarification

Apropos a news item "OGDCL to lose billions by giving Kunnar project to LPG group" carried by Business Recorder on Monday, the Oil Gas Development Company Limited has clarified that OGDCL is following a transparent and a clear procedure of procurem

Published 29 Oct, 2008 12:00am

Saudi Savola sees new buys amid global crisis

Saudi Arabia's Savola Group is reviewing investment priorities, especially new projects, because the global financial turmoil has brought new acquisition opportunities, the firm's top executive said. The company, active mainly in sugar, edible oils and re

Published 29 Oct, 2008 12:00am

OGDCL clarification

Apropos a news item "OGDCL to lose billions by giving Kunnar project to LPG group" carried by Business Recorder on Monday, the Oil Gas Development Company Limited has clarified that OGDCL is following a transparent and a clear procedure of procurem

Published 29 Oct, 2008 12:00am

Bolivia to tap huge lithium deposits in salt lake

Bolivia is moving ahead with plans to tap potentially huge lithium reserves at Uyuni, the world's biggest salt lake and one of the country's top tourist attractions, as demand for lithium-ion batteries surge. Stretched between distant Andean peaks like a

Published 29 Oct, 2008 12:00am

India says Pakistan violating truce

Indian occupation army killed five suspected Mujahideen intruding into held Kashmir and accused the Pakistani army of a fresh violation of a five-year-old cease-fire in the disputed Himalayan region. The cross-border firing happened in Sabzian area of Poo

Published 29 Oct, 2008 12:00am

US Treasury working on aid for GM, Chrysler merger

The US Treasury Department is considering how to best provide financial assistance to facilitate a possible merger between General Motors Corp and Chrysler LLC, a source familiar with the government's thinking told Reuters on Monday.

Published 29 Oct, 2008 12:00am

Afghan Foreign Minister calls on Zardari

Dr Abdullah Abdullah, Chairman of the Afghan component of Pak-Afghan Mini Jirga called on President Asif Ali Zardari here at the Aiwan-e-Sadr on Tuesday. During the meeting matters relating to the Pak-Afghan Mini Jirga were discussed in detail.

Published 29 Oct, 2008 12:00am

Swedish central bank ups aid to Carnegie Investment Bank

Sweden's central bank, the Riksbank, said Tuesday it would extend its liquidity aid to troubled Carnegie Investment Bank to five billion kronor (500 million euros, 630 million dollars). The announcement came just a day after the Riksbank announced a loan

Published 29 Oct, 2008 12:00am

PSO maintains Rs 222 billion turnover in first quarter

Pakistan State Oil (PSO) despite difficult conditions in the country maintained a turnover of Rs 222 billion in the first quarter maintaining the overall market share of 71.3 percent with a market share of 60.2 percent and 85.2 percent in white and black

Published 29 Oct, 2008 12:00am

Honda warns on profit as GM, Chrysler scramble for deal

Honda Motor Co warned of lower-than-expected annual profits as a deepening financial crisis has hammered demand for cars and sent the yen soaring, while US rivals sought government aid to fund a proposed merger to survive a shrinking market.

Published 29 Oct, 2008 12:00am

Zardari greets Pakistani Hindus on Diwali

President Asif Ali Zardari has greeted the Hindu community on the occasion of Dewali saying the government believes that the Hindus, indeed all minorities of Pakistan are equal citizens of the state and must be given equal rights including the right to vo

Published 29 Oct, 2008 12:00am

Honda warns on profit as GM, Chrysler scramble for deal

Honda Motor Co warned of lower-than-expected annual profits as a deepening financial crisis has hammered demand for cars and sent the yen soaring, while US rivals sought government aid to fund a proposed merger to survive a shrinking market.

Published 29 Oct, 2008 12:00am

Highly dull session at LSE

The Lahore stock market remained highly depressed on Tuesday mainly because of investors' absence due to which no change was seen in the index. Apart from no change in index, not a single company showed gain or loss and all the 84 companies closed at thei

Published 29 Oct, 2008 12:00am

German savings rate hits 14 year high

Germany's savings rate rose to its highest level in 14 years in the first half of 2008 as uncertainty about the economic outlook grew. Households in Europe's largest economy put aside 11.3 percent of disposable income in the first six months, adjusted for

Published 29 Oct, 2008 12:00am

Highly dull session at LSE

The Lahore stock market remained highly depressed on Tuesday mainly because of investors' absence due to which no change was seen in the index. Apart from no change in index, not a single company showed gain or loss and all the 84 companies closed at thei

Published 29 Oct, 2008 12:00am

German consumers stoic amid financial storm

German consumer confidence steadied going into next month as households' relief at falling inflation rates offset concerns that a recession may be looming, the GfK market research group said on Tuesday. The forward-looking GfK consumer sentiment indicator

Published 29 Oct, 2008 12:00am

No change in ISE index

Equities continued to show negative signs at Islamabad Stock Exchange (ISE) on Tuesday where bulls and bears had close fight amid no change in ISE-10 index. ISE-10 Index closed at 2,003.17, without any change. The volume of trade stood at 15,374 shares as

Published 29 Oct, 2008 12:00am

Qantas agrees fine in price fixing case

Australia's Qantas Airways agreed on Tuesday to pay a A$20 million ($12.2 million) fine for its part in a price fixing case and vowed to help regulators as they probed 30 other airlines over the same issue. Qantas said the fine was part of a settlement wi

Published 29 Oct, 2008 12:00am

No change in ISE index

Equities continued to show negative signs at Islamabad Stock Exchange (ISE) on Tuesday where bulls and bears had close fight amid no change in ISE-10 index. ISE-10 Index closed at 2,003.17, without any change. The volume of trade stood at 15,374 shares as

Published 29 Oct, 2008 12:00am

Malaysia shelves Eurocopter deal

Malaysia on Tuesday shelved a 1.7 billion ringgit (470 million dollar) deal to buy 12 military helicopters from Eurocopter because of the bleak global economy. "At the moment, we have decided not to purchase the helicopters. We need to delay it ... becaus

Published 29 Oct, 2008 12:00am

Mini jirga for contacts with militants

The Pak-Afghanistan Jirgagai in its two-day deliberations ended on Tuesday recommended to hold talks with the opposition and all those who are taking up arms to give peace a chance. The Jirgagai, consisting of 25 members each from Afghanistan and Pakistan

Published 29 Oct, 2008 12:00am

Chinese kids on melamine milk develop crystals: WHO

Some children who have fallen ill in China after being fed milk formula that had been contaminated with melamine have developed "crystals" in their kidneys, a WHO food safety expert said on Tuesday.

Published 29 Oct, 2008 12:00am

Mini jirga for contacts with militants

The Pak-Afghanistan Jirgagai in its two-day deliberations ended on Tuesday recommended to hold talks with the opposition and all those who are taking up arms to give peace a chance. The Jirgagai, consisting of 25 members each from Afghanistan and Pakistan

Published 29 Oct, 2008 12:00am

Job fears rock French consumer confidence, industry

Fears of widespread job losses in France knocked consumer confidence more than expected in October while company chiefs warned of further possible layoffs as industry demand flags, figures showed on Tuesday. Statistics office INSEE's barometer of consumer

Published 29 Oct, 2008 12:00am

US mulls talks with Taliban: report

The United States is considering taking part in talks with elements of the Taliban in a sharp change in tactics in Afghanistan, the Wall Street Journal reported Tuesday citing unnamed officials. "Senior White House and military officials believe th

Published 29 Oct, 2008 12:00am

Shah Rukh Khan in Malaysia will boost tourism

The "knighting" of India's top Bollywood star Shah Rukh Khan will help boost tourism in Malaysia, an official from the western Malacca state government said Monday. Khan is to be given the Governor of Malacca's award, which carries the title "Datuk," afte

Published 29 Oct, 2008 12:00am

US mulls talks with Taliban: report

The United States is considering taking part in talks with elements of the Taliban in a sharp change in tactics in Afghanistan, the Wall Street Journal reported Tuesday citing unnamed officials. "Senior White House and military officials believe th

Published 29 Oct, 2008 12:00am

Colombia hostage talked to sticks to keep his sanity

Forbidden to talk to his rebel captors, a Colombian lawmaker who escaped after eight years as a hostage said on Monday he taught imaginary classes using sticks as his students to keep his sanity in the jungle. Oscar Tulio Lizcano, 63, escaped through the

Published 29 Oct, 2008 12:00am

FBR empowered to penalise withholding agents

The Federal Board of Revenue (FBR) has the authority to impose fine or imprisonment up to one year on withholding agents who failed to collect/deduct tax or unable to pay the deducted tax under the provisions of the Income Tax Ordinance 2001.

Published 29 Oct, 2008 12:00am

More than 9,500 US victims of hate crimes in 2007: FBI

More than 9,500 people in the United States were victims last year of hate crimes targeted because of their skin color, religious belief, sexual orientation or ethnic origins, the FBI said Monday. More than half of the 9,527 victims of hate crimes committ

Published 29 Oct, 2008 12:00am

FBR empowered to penalise withholding agents

The Federal Board of Revenue (FBR) has the authority to impose fine or imprisonment up to one year on withholding agents who failed to collect/deduct tax or unable to pay the deducted tax under the provisions of the Income Tax Ordinance 2001.

Published 29 Oct, 2008 12:00am

Gaza hospitals suffering from lack of medicines

The nearly empty corridors of Gaza's main Shifa Hospital on Monday testified to the ailing state of health care in the Hamas-controlled territory. A crisis-level shortage of drugs and spare parts for medical equipment and a two-month-old strike by health

Published 29 Oct, 2008 12:00am

FBR empowered to penalise withholding agents

The Federal Board of Revenue (FBR) has the authority to impose fine or imprisonment up to one year on withholding agents who failed to collect/deduct tax or unable to pay the deducted tax under the provisions of the Income Tax Ordinance 2001.

Published 29 Oct, 2008 12:00am

African leaders meet to end Zimbabwe impasse

Former South African President Thabo Mbeki said on Monday he was confident an emergency regional summit would salvage a power-sharing agreement between Zimbabwean President Robert Mugabe and the MDC opposition. Mugabe and opposition leader Morgan Tsvangir

Published 29 Oct, 2008 12:00am

FBR restores all kinds of sales tax audit

The Federal Board of Revenue (FBR) has restored all kinds of sales tax audit, including post-refund audit, desk audit, and field audit, with the condition to take prior permission of the Board before visiting business premises or manufacturing units for p

Published 29 Oct, 2008 12:00am

Turkey willing to do more to build up Afghan forces

Turkey is willing to do more to train Afghanistan's security forces, the Turkish foreign minister said, after calls from Afghan and US leaders for help to build up the army and police in their fight with Taliban insurgents. As violence reaches its worst l

Published 29 Oct, 2008 12:00am

FBR restores all kinds of sales tax audit

The Federal Board of Revenue (FBR) has restored all kinds of sales tax audit, including post-refund audit, desk audit, and field audit, with the condition to take prior permission of the Board before visiting business premises or manufacturing units for p

Published 29 Oct, 2008 12:00am

'Reinsurers better placed than banks'

Scor, the world's fifth-biggest reinsurer, said on Monday that the global reinsurance industry was better placed to withstand the blows of the financial crisis than banks. "Reinsurers have a longer-term investment view of around 7-8 years and they always

Published 29 Oct, 2008 12:00am

FBR restores all kinds of sales tax audit

The Federal Board of Revenue (FBR) has restored all kinds of sales tax audit, including post-refund audit, desk audit, and field audit, with the condition to take prior permission of the Board before visiting business premises or manufacturing units for p

Published 29 Oct, 2008 12:00am

Iceland seeks extra $4 billion in loans

Iceland is seeking $4 billion in loans in addition to the $2 billion it has asked from the International Monetary Fund (IMF), its prime minister said on Monday. Geir Haarde also told Reuters in an interview that next year would be a bad one for his small

Published 29 Oct, 2008 12:00am

BRIndex30 unchanged

On Tuesday, the BRIndex30 remained unchanged throughout the trading time. It opened at 8,995.65 and closed at 8,995.65. The volume was 2,000 shares as against 402,000 recorded by KSE-All Share and 8,000 shares recorded by KSE-100 Indices. BR Power Generat

Published 29 Oct, 2008 12:00am

Reliance second quarter net beats forecast on refining margin

India's Reliance Industries Ltd topped forecasts with a 7.4 percent rise in quarterly profit on Thursday, helped by stronger than expected refining margins, and said new projects would start to deliver in coming quarters. The energy conglomerate will begi

Published 29 Oct, 2008 12:00am

BRIndex30 unchanged

On Tuesday, the BRIndex30 remained unchanged throughout the trading time. It opened at 8,995.65 and closed at 8,995.65. The volume was 2,000 shares as against 402,000 recorded by KSE-All Share and 8,000 shares recorded by KSE-100 Indices. BR Power Generat

Published 29 Oct, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 5	277.92
USD PKR Interbank Buying / Nov 5	277.72
USD to Japanese Yen / Nov 5	152.45
USD to Swiss Franc / Nov 5	0.86
Pound Sterling to USD / Nov 5	1.30
Euro to USD / Nov 5	1.09

Stock	Volume
S&P 500 / Nov 4	5,712.69
Nasdaq / Nov 4	18,179.98
Dow Jones / Nov 4	41,794.60
India Sensex / Nov 5	78,731.05
Tokyo Nikkei / Nov 5	38,537.29
Hang Seng / Nov 5	20,865.77
FTSE 100 / Nov 5	8,191.31
Germany DAX 30 / Nov 5	19,121.64

Item	Value
Petrol/Litre / Nov 5	248.38
Crude Oil USD/Barrel / Nov 5	71.49
Karachi Cotton PKR/37.32 KG / Nov 5	18,285
Gold 10 Grams PKR / Nov 5	242,798
Gold Spot USD/Ounce / Nov 5	2,732.66
Diesel/Litre / Nov 5	255.14

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

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

Stock	Volume
P.I.A.C.(A) / Nov 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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