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Print - 2008-11-07
Shujaat, Elahi determined to carry ahead PML-Q

Shujaat, Elahi determined to carry ahead PML-Q

The President, Pakistan Muslim League-Q (PML-Q), Chaudhry Shujaat Hussain and the party head Punjab, Chaudhry Parvaiz Elahi are determined to carry ahead the individual identity of the PML-Q, as they are vehemently resisting the moves to oust them from th
Published 07 Nov, 2008 12:00am
Pak-India talks on registration of Basmati rice from today

Pak-India talks on registration of Basmati rice from today

Two-day parleys of the joint working group (JWG) of Pakistan and India will start on Friday (November 7) in Islamabad to discuss joint registration of Basmati rice as Geographical Indication (GI), under the Geographical Indications of Goods and Registrati
Published 07 Nov, 2008 12:00am
Pak-India talks on registration of Basmati rice from today

Pak-India talks on registration of Basmati rice from today

Two-day parleys of the joint working group (JWG) of Pakistan and India will start on Friday (November 7) in Islamabad to discuss joint registration of Basmati rice as Geographical Indication (GI), under the Geographical Indications of Goods and Registrati
Published 07 Nov, 2008 12:00am
US wheat lower

US wheat lower

US wheat futures fell sharply on Wednesday, after rallying the first two days of this week, as grains and other commodities were dragged down by declines in the US stock market and crude oil, traders said. Profit-taking and technical selling noted. Ample
Published 07 Nov, 2008 12:00am
Software piracy costs Pakistan Rs 10 billion annually

Software piracy costs Pakistan Rs 10 billion annually

Pakistan has taken up seriously the growing menace of piracy that has been hurting the productive sectors and causing a loss of Rs 10 billion revenue every year, said Chairman of Anti-counterfeit and Infringement Forum Aamina Saiyed here on Thursday.
Published 07 Nov, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 69,444 tonnes of cargo including 33,619 tonnes of import, 35,825 tonnes of export cargo and 2,382 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday.
Published 07 Nov, 2008 12:00am
KSE: investors stay on sidelines

KSE: investors stay on sidelines

Trading activity at the local share market remained dull due to prevailing uncertainty over the floor issue, which kept the investors on the sidelines and the benchmark KSE-100 index ended unchanged at 9,183.14 points. The investors' lack of interest was
Published 07 Nov, 2008 12:00am
KSE: investors stay on sidelines

KSE: investors stay on sidelines

Trading activity at the local share market remained dull due to prevailing uncertainty over the floor issue, which kept the investors on the sidelines and the benchmark KSE-100 index ended unchanged at 9,183.14 points. The investors' lack of interest was
Published 07 Nov, 2008 12:00am
New York cotton

New York cotton

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

Published 07 Nov, 2008 12:00am
KSE: investors stay on sidelines

KSE: investors stay on sidelines

Trading activity at the local share market remained dull due to prevailing uncertainty over the floor issue, which kept the investors on the sidelines and the benchmark KSE-100 index ended unchanged at 9,183.14 points. The investors'' lack of interest was
Published 07 Nov, 2008 12:00am
New York cotton

New York cotton

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

Published 07 Nov, 2008 12:00am
BRIndex30 in limbo

BRIndex30 in limbo

On Thursday, BRIndex30 remained unchanged, closing at 8,995.65. Volume was 500 as against volumes of 236,700 and 6,700 for KSE All Share and KSE-100 Indices respectively. BR Power Generation and Distribution Index closed at 1,072.47 with a net negative ch
Published 07 Nov, 2008 12:00am
State Bank of Pakistan conversion rates

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 07 Nov, 2008 12:00am
BRIndex30 in limbo

BRIndex30 in limbo

On Thursday, BRIndex30 remained unchanged, closing at 8,995.65. Volume was 500 as against volumes of 236,700 and 6,700 for KSE All Share and KSE-100 Indices respectively. BR Power Generation and Distribution Index closed at 1,072.47 with a net negative ch
Published 07 Nov, 2008 12:00am
Barclays bid rates and maximum rates for payment of interest

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 07 Nov, 2008 12:00am
Heavy agenda and financial constraints mar Ecnec meeting

Heavy agenda and financial constraints mar Ecnec meeting

The meeting of Executive Committee of the National Economic Council (Ecnec) that was to approve 42 developmental projects worth Rs 311.53 billion for various sectors ended up without completing its business. Sources said that only half of the projects on
Published 07 Nov, 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 Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
Heavy agenda and financial constraints mar Ecnec meeting

Heavy agenda and financial constraints mar Ecnec meeting

The meeting of Executive Committee of the National Economic Council (Ecnec) that was to approve 42 developmental projects worth Rs 311.53 billion for various sectors ended up without completing its business. Sources said that only half of the projects on
Published 07 Nov, 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 Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
Heavy agenda and financial constraints mar Ecnec meeting

Heavy agenda and financial constraints mar Ecnec meeting

The meeting of Executive Committee of the National Economic Council (Ecnec) that was to approve 42 developmental projects worth Rs 311.53 billion for various sectors ended up without completing its business. Sources said that only half of the projects on
Published 07 Nov, 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 Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
Exporters allowed to retain imported inputs up to 18 months

Exporters allowed to retain imported inputs up to 18 months

The Federal Board of Revenue has extended period for retention of raw material, components and goods, used in the manufacturing of finished products to be exported under the Temporary Importation Scheme (SRO1065) from 12 months to 18 months. The FBR has a
Published 07 Nov, 2008 12:00am
Exporters allowed to retain imported inputs up to 18 months

Exporters allowed to retain imported inputs up to 18 months

The Federal Board of Revenue has extended period for retention of raw material, components and goods, used in the manufacturing of finished products to be exported under the Temporary Importation Scheme (SRO1065) from 12 months to 18 months. The FBR has a
Published 07 Nov, 2008 12:00am
Exporters allowed to retain imported inputs up to 18 months

Exporters allowed to retain imported inputs up to 18 months

The Federal Board of Revenue has extended period for retention of raw material, components and goods, used in the manufacturing of finished products to be exported under the Temporary Importation Scheme (SRO1065) from 12 months to 18 months. The FBR has a
Published 07 Nov, 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 Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
Exporters allowed to retain imported inputs up to 18 months

Exporters allowed to retain imported inputs up to 18 months

The Federal Board of Revenue has extended period for retention of raw material, components and goods, used in the manufacturing of finished products to be exported under the Temporary Importation Scheme (SRO1065) from 12 months to 18 months. The FBR has a
Published 07 Nov, 2008 12:00am
LSE index remains unchanged

LSE index remains unchanged

The sluggish trading trend continued to prevail for the fourth consecutive day on the Lahore Stock Exchange on Thursday and the index also remained unchanged at Wednesday level. The LSE-25 index did not show any change and stayed glued to the level of 282
Published 07 Nov, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (November 06, 2008).
Published 07 Nov, 2008 12:00am
LSE index remains unchanged

LSE index remains unchanged

The sluggish trading trend continued to prevail for the fourth consecutive day on the Lahore Stock Exchange on Thursday and the index also remained unchanged at Wednesday level. The LSE-25 index did not show any change and stayed glued to the level of 282
Published 07 Nov, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
ISE remains unchanged

ISE remains unchanged

ISE Network index did not observe any change at the Islamabad Stock Exchange (ISE) where sluggish trend was observed during day's dull session. ISE-10 Index closed at 2,003.17 without observing any change by the end of trading session. The overall turnove
Published 07 Nov, 2008 12:00am
ISE remains unchanged

ISE remains unchanged

ISE Network index did not observe any change at the Islamabad Stock Exchange (ISE) where sluggish trend was observed during day's dull session. ISE-10 Index closed at 2,003.17 without observing any change by the end of trading session. The overall turnove
Published 07 Nov, 2008 12:00am
Airbus expects decline in new aircraft orders in 2009

Airbus expects decline in new aircraft orders in 2009

European aircraft manufacturer Airbus is expecting a sharp reduction in the number of new orders in 2009 as the global economy slows, the firm's chief operating officer said in Hong Kong Thursday. But John Leahy, who heads the company's sales side, said t
Published 07 Nov, 2008 12:00am
Mahmoud A Haroon passes away

Mahmoud A Haroon passes away

Veteran politician and former Governor of Sindh Mahmoud A Haroon passed away after prolonged illness at his Clifton residence on Thursday afternoon, family sources said. Younger brother of Yousuf A Haroon, Mahmoud was 88 and is survived by daughter Ambar
Published 07 Nov, 2008 12:00am
Mahmoud A Haroon passes away

Mahmoud A Haroon passes away

Veteran politician and former Governor of Sindh Mahmoud A Haroon passed away after prolonged illness at his Clifton residence on Thursday afternoon, family sources said. Younger brother of Yousuf A Haroon, Mahmoud was 88 and is survived by daughter Ambar
Published 07 Nov, 2008 12:00am
Pakistan's foreign exchange reserves down by $164 million

Pakistan's foreign exchange reserves down by $164 million

Downward trend in the country's foreign exchange reserves continued during the last week and the reserves plunged by 164 million dollars during the week ended November 1, 2008. The State Bank of Pakistan on Thursday said that the country's foreign exchang
Published 07 Nov, 2008 12:00am
Pakistan's foreign exchange reserves down by $164 million

Pakistan's foreign exchange reserves down by $164 million

Downward trend in the country's foreign exchange reserves continued during the last week and the reserves plunged by 164 million dollars during the week ended November 1, 2008. The State Bank of Pakistan on Thursday said that the country's foreign exchang
Published 07 Nov, 2008 12:00am
Pakistan''s foreign exchange reserves down by $164 million

Pakistan''s foreign exchange reserves down by $164 million

Downward trend in the country''s foreign exchange reserves continued during the last week and the reserves plunged by 164 million dollars during the week ended November 1, 2008. The State Bank of Pakistan on Thursday said that the country''s foreign excha
Published 07 Nov, 2008 12:00am
US air strikes in tribal areas kill top militants: Petraeus

US air strikes in tribal areas kill top militants: Petraeus

Chief of US Central Command General David H Petraeus has said US missile strikes in Pakistan's tribal areas in recent months have killed three of the top 20 extremist leaders there, causing a blow to insurgents threatening nuclear-armed Pakistan's very ex
Published 07 Nov, 2008 12:00am
US air strikes in tribal areas kill top militants: Petraeus

US air strikes in tribal areas kill top militants: Petraeus

Chief of US Central Command General David H Petraeus has said US missile strikes in Pakistan's tribal areas in recent months have killed three of the top 20 extremist leaders there, causing a blow to insurgents threatening nuclear-armed Pakistan's very ex
Published 07 Nov, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
India tightens security to stop Kashmir rally

India tightens security to stop Kashmir rally

Indian troops here on Thursday sealed off residential areas with razor wire and barricades, imposing what amounted to an undeclared curfew to thwart an anti-India rally, police and witnesses said. Thousands of police and soldiers in riot gear patrolled de
Published 07 Nov, 2008 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
India tightens security to stop Kashmir rally

India tightens security to stop Kashmir rally

Indian troops here on Thursday sealed off residential areas with razor wire and barricades, imposing what amounted to an undeclared curfew to thwart an anti-India rally, police and witnesses said. Thousands of police and soldiers in riot gear patrolled de
Published 07 Nov, 2008 12:00am
Bakhshi Khana at F-8 Markaz made operational

Bakhshi Khana at F-8 Markaz made operational

On the directives of Deputy Commissioner, ICT Amer Ali Ahmad, the newly constructed Bakhshi Khana (Judicial lock up) at F-8 Markaz has been made operational. According to a press release, development work on the Bakhshi Khana was carried out with the co-o
Published 07 Nov, 2008 12:00am
South Korea holds Pakistanis accused of handling Taliban cash

South Korea holds Pakistanis accused of handling Taliban cash

South Korean police said Thursday they have arrested five Pakistanis over illegal cash transfers worth millions of dollars, including payments from Afghanistan's Taliban for materials for heroin production. The five are accused of operating two "hawala" m
Published 07 Nov, 2008 12:00am
South Korea holds Pakistanis accused of handling Taliban cash

South Korea holds Pakistanis accused of handling Taliban cash

South Korean police said Thursday they have arrested five Pakistanis over illegal cash transfers worth millions of dollars, including payments from Afghanistan's Taliban for materials for heroin production. The five are accused of operating two "hawala" m
Published 07 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
International moot on media, social change concludes

International moot on media, social change concludes

Professor Ali Ahmed Khan, Emeritus Consultant Psychiatrist and Professor of Psychiatry has said that the west after the incident of 9/11 torturing the Muslims Psychologically at the pretext of so-called war on terror to suppress Muslim nation.
Published 07 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
Livestock sector developing rapidly: Shaikh

Livestock sector developing rapidly: Shaikh

Training of Farm Management Cadets under Benazir Bhutto Shaheed Youth Development Programme to develop the skills of trainees from Naushahro Feroze District, started on Thursday at Research and Training Institute (RTI) for Livestock Development, Red Sindh
Published 07 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
Milk retailers fleecing consumers despite slump in rate

Milk retailers fleecing consumers despite slump in rate

Despite a downward trend in the wholesale prices of fresh milk due to the fast approaching winter season, the retailers are charging from the ill-informed consumers the routine sky-high rates for this essential food item.
Published 07 Nov, 2008 12:00am
Review of valuation advice in doldrums

Review of valuation advice in doldrums

The importers, particularly those running industries, are likely to face a fresh setback, as the Federal Board of Revenue (FBR) put the review of valuation advice process in the doldrums, Business Recorder learnt on Thursday.
Published 07 Nov, 2008 12:00am
Traders to see big change in police performance in 40 days: Mirza

Traders to see big change in police performance in 40 days: Mirza

Sindh Home Minister Dr Zulfiqar Mirza on Thursday said that the government was trying to provide conducive working atmosphere to business community and general public in the province. Speaking at a meeting of Korangi Association of Trade and Industry (Kat
Published 07 Nov, 2008 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
Bank Alfalah first quarter profit declines to Rs 632.907 million

Bank Alfalah first quarter profit declines to Rs 632.907 million

The profit after tax of Bank Alfalah Limited has declined to Rs 632.907 million in the quarter ended September 30, 2008 as compared to Rs 1,775.969 million earned in the corresponding period in 2007. The board of directors of the bank in its meeting held
Published 07 Nov, 2008 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
Bank Alfalah first quarter profit declines to Rs 632.907 million

Bank Alfalah first quarter profit declines to Rs 632.907 million

The profit after tax of Bank Alfalah Limited has declined to Rs 632.907 million in the quarter ended September 30, 2008 as compared to Rs 1,775.969 million earned in the corresponding period in 2007. The board of directors of the bank in its meeting held
Published 07 Nov, 2008 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
KESC to issue October bills with 70 percent raise

KESC to issue October bills with 70 percent raise

While the inflation hit Karachiites are still breathing hard under the hours-long power outages, Karachi Electric Supply Company (KESC) is poised to bill them again with the disputed 71 percent increase for the month of October, Business Recorder l
Published 07 Nov, 2008 12:00am
$100 billion FDI in pipeline, says BoI chief

$100 billion FDI in pipeline, says BoI chief

Chairman, Board of Investment (BoI) Saleem H Mandviwalla has informed business community that an Italian firm has agreed to make 100 million dollar investment in marble sector in Pakistan. Speaking at a meeting of Karachi Chamber of Commerce and Industry
Published 07 Nov, 2008 12:00am
Towellers Limited signs joint venture with Greek firm

Towellers Limited signs joint venture with Greek firm

Towellers Limited a diversified manufacturer of towels and specialised textiles with a rich heritage of manufacturing quality textiles for over 35 years has today signed a joint venture with a leading Greek towel and textile manufacturer M/s Moutalaski /
Published 07 Nov, 2008 12:00am
ZONG extends services to Panjgoor

ZONG extends services to Panjgoor

ZONG - the first international brand of China Mobile and the fastest growing cellular company in Pakistan - has launched its services in the Panjgoor district of Balochistan. ZONG has entered the Pakistani market with a brilliant strategy and is stepping-
Published 07 Nov, 2008 12:00am
Dubai Islamic Bank reports consistent growth

Dubai Islamic Bank reports consistent growth

Dubai Islamic Bank Pakistan Limited (DIBPL) has achieved an impressive growth of 55 percent in its financing and a 42 percent increase in deposits for the nine-month period ended in September. DIBPL's financing portfolio stands at Rs 17.5 billion and cust
Published 07 Nov, 2008 12:00am
Dubai Islamic Bank reports consistent growth

Dubai Islamic Bank reports consistent growth

Dubai Islamic Bank Pakistan Limited (DIBPL) has achieved an impressive growth of 55 percent in its financing and a 42 percent increase in deposits for the nine-month period ended in September. DIBPL's financing portfolio stands at Rs 17.5 billion and cust
Published 07 Nov, 2008 12:00am
150 agriculture students to join 'Grow More Wheat' campaign

150 agriculture students to join 'Grow More Wheat' campaign

Around 150 students of Arid Agriculture University would join hands with the provincial government's campaign to create awareness among farmers to enhance wheat production in the province. The Grow More Wheat Campaign launched under the directives of Chie
Published 07 Nov, 2008 12:00am
NWFP team to lobby for ROZs in US

NWFP team to lobby for ROZs in US

A delegation comprising officials of provincial government and business community is likely to visit United States to lobby for establishment of the US-sponsored Reconstruction Opportunity Zones (ROZs) in Fata and its adjacent settled areas.
Published 07 Nov, 2008 12:00am
APNS grieved over death of Mahmoud Haroon

APNS grieved over death of Mahmoud Haroon

Secretary-General of All Pakistan Newspapers Society (APNS) Muhammad Aslam Kazi has expressed his grief over the sad demise of Chairman of Pakistan Herald Publication (Pvt) Ltd Mahmoud Haroon. Mahmoud Haroon had been APNS President and member of Executive
Published 07 Nov, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 06, 2008).

Published 07 Nov, 2008 12:00am