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Print - 2008-11-11
Britain lifts ban on civilian nuclear exports to India

Britain lifts ban on civilian nuclear exports to India

Britain has lifted a ban on exporting sensitive nuclear technology to India for civilian projects, it said Monday, after an international accord to relax rules in September. Since 2002, Britain has refused all export licence applications for so-called "Tr
Published 11 Nov, 2008 12:00am
Britain lifts ban on civilian nuclear exports to India

Britain lifts ban on civilian nuclear exports to India

Britain has lifted a ban on exporting sensitive nuclear technology to India for civilian projects, it said Monday, after an international accord to relax rules in September. Since 2002, Britain has refused all export licence applications for so-called "Tr
Published 11 Nov, 2008 12:00am
Interest rate to rise under any IMF deal

Interest rate to rise under any IMF deal

An expected IMF loan package is likely to include an interest rate increase of up to 150 basis points, a government official who declined to be identified said on Monday. Pakistan is facing a balance-of-payments crisis and has been in talks with the Inter
Published 11 Nov, 2008 12:00am
Interest rate to rise under any IMF deal

Interest rate to rise under any IMF deal

An expected IMF loan package is likely to include an interest rate increase of up to 150 basis points, a government official who declined to be identified said on Monday. Pakistan is facing a balance-of-payments crisis and has been in talks with the Inter
Published 11 Nov, 2008 12:00am
Interest rate to rise under any IMF deal

Interest rate to rise under any IMF deal

An expected IMF loan package is likely to include an interest rate increase of up to 150 basis points, a government official who declined to be identified said on Monday. Pakistan is facing a balance-of-payments crisis and has been in talks with the Inter
Published 11 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Sentiment remains depressed on LSE

Sentiment remains depressed on LSE

Last week's sentiment depressed continued on Lahore Stock Exchange on Monday and the index remained unchanged amid marginaly improved trading turnover. The LSE-25 index witnessed no change and stayed glued to its last week closing level of 2825.36.
Published 11 Nov, 2008 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Sentiment remains depressed on LSE

Sentiment remains depressed on LSE

Last week's sentiment depressed continued on Lahore Stock Exchange on Monday and the index remained unchanged amid marginaly improved trading turnover. The LSE-25 index witnessed no change and stayed glued to its last week closing level of 2825.36.
Published 11 Nov, 2008 12:00am
Negative signs continue on ISE

Negative signs continue on ISE

Equities continued to show negative signs at the Islamabad Stock Exchange (ISE) on Monday where ISE-10 Index did not observe any change by the end of current session amid no change in index. ISE-10 Index closed at 2,003.17 without observing any change by
Published 11 Nov, 2008 12:00am
Negative signs continue on ISE

Negative signs continue on ISE

Equities continued to show negative signs at the Islamabad Stock Exchange (ISE) on Monday where ISE-10 Index did not observe any change by the end of current session amid no change in index. ISE-10 Index closed at 2,003.17 without observing any change by
Published 11 Nov, 2008 12:00am
China defends its record to UN torture watchdog

China defends its record to UN torture watchdog

China defended itself against allegations of torture before a United Nations' watchdog on Monday, saying it had "zero tolerance" for abuses in its police stations, jails and on the streets.
Published 11 Nov, 2008 12:00am
EMC directs Minfal to distribute wheat to provinces judiciously

EMC directs Minfal to distribute wheat to provinces judiciously

Economy Monitoring Committee (EMC) has directed the Ministry of Food, Agriculture and Livestock (Minfal) to distribute wheat stocks judiciously amongst the provinces. EMC which met with Shaukat Tarin, Adviser to Prime Minister on Finance in the chair on M
Published 11 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Kamaluddin appointed chief executive of Pak-Libya Investment

Kamaluddin appointed chief executive of Pak-Libya Investment

The former President of Arif Habib Bank Limited, Kamaluddin Khan has been appointed as Chief Executive of Pak-Libya Investment Company Limited. Kamal resigned just last week from AHBL after its take-over by Hussain Lawai. Kamal also worked for the French
Published 11 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Kamaluddin appointed chief executive of Pak-Libya Investment

Kamaluddin appointed chief executive of Pak-Libya Investment

The former President of Arif Habib Bank Limited, Kamaluddin Khan has been appointed as Chief Executive of Pak-Libya Investment Company Limited. Kamal resigned just last week from AHBL after its take-over by Hussain Lawai. Kamal also worked for the French
Published 11 Nov, 2008 12:00am
Kamaluddin appointed chief executive of Pak-Libya Investment

Kamaluddin appointed chief executive of Pak-Libya Investment

The former President of Arif Habib Bank Limited, Kamaluddin Khan has been appointed as Chief Executive of Pak-Libya Investment Company Limited. Kamal resigned just last week from AHBL after its take-over by Hussain Lawai. Kamal also worked for the French
Published 11 Nov, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 11 Nov, 2008 12:00am
Biztek holds seminar

Biztek holds seminar

Compelling repercussions of the international global crisis on the Third World, specifically Pakistan, were shared by some of the well-known academics at the Institute of Business and Technology (Biztek) seminar held recently.
Published 11 Nov, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Nov, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Nov, 2008 12:00am
e-filing helps bring suppliers, purchasers into tax net

e-filing helps bring suppliers, purchasers into tax net

The e-filing of sales tax and federal excise returns has enabled the Federal Board of Revenue (FBR) to obtain credentials about the buyers and sellers of the registered persons, bringing potential suppliers/purchasers into the sales tax net.
Published 11 Nov, 2008 12:00am
Whole country gripped by terrorism: Rehman

Whole country gripped by terrorism: Rehman

'It is not only the Federally Administered Tribal Areas (Fata), the whole country is gripped by the scourge of terrorism,' the Advisor to the Prime Minister on Interior, Rehman Malik has said. The government is not oblivious of these developments and all-
Published 11 Nov, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Naek offers deposed judges to take fresh oath

Naek offers deposed judges to take fresh oath

Federal Minister for Law and Justice Farooq H Naek on Monday offered deposed judges including Chief Justice Iftikhar Muhammad Chaudhry for a fresh oath saying the government would keep their seniority intact. Addressing the media after a meeting at Federa
Published 11 Nov, 2008 12:00am
Shamshad among top ten women leaders in Asia: WSJ

Shamshad among top ten women leaders in Asia: WSJ

Dr Shamshad Akhtar, country's first female Governor of the State Bank of Pakistan, has been named amongst the top ten women leaders in Asia by the coveted Wall Street Journal (WSJ) Asia. WSJ Asia has compiled a list of Asia-based women, focu
Published 11 Nov, 2008 12:00am
Course on operation, maintenance of construction machinery held

Course on operation, maintenance of construction machinery held

The 14th International course on operation and maintenance of construction machinery held by Japan International Co-operation Agency (Jica) in collaboration with Ministry of Communications from November 03 to December 02. The opening ceremony will be held
Published 11 Nov, 2008 12:00am
Committee formed to review hike in valuation advice

Committee formed to review hike in valuation advice

After the realisation of problems being faced by importers, due to hike in valuation advice, Member Customs Afzal Bhatti on Monday constituted a committee to seek out real problems and will submit it report to Chairman Federal Board of Revenue (FBR), B
Published 11 Nov, 2008 12:00am
Bestway converting its UBL GDRs into ordinary shares

Bestway converting its UBL GDRs into ordinary shares

The Bestway Group (BG) has decided to convert their United Bank Limited GDRs aggregating 14.08 million into ordinary shares subject to approval from the State Bank of Pakistan. In a notice sent to Karachi Stock Exchange here on Monday, UBL said.
Published 11 Nov, 2008 12:00am
Bestway converting its UBL GDRs into ordinary shares

Bestway converting its UBL GDRs into ordinary shares

The Bestway Group (BG) has decided to convert their United Bank Limited GDRs aggregating 14.08 million into ordinary shares subject to approval from the State Bank of Pakistan. In a notice sent to Karachi Stock Exchange here on Monday, UBL said.
Published 11 Nov, 2008 12:00am
Bestway converting its UBL GDRs into ordinary shares

Bestway converting its UBL GDRs into ordinary shares

The Bestway Group (BG) has decided to convert their United Bank Limited GDRs aggregating 14.08 million into ordinary shares subject to approval from the State Bank of Pakistan. In a notice sent to Karachi Stock Exchange here on Monday, UBL said.
Published 11 Nov, 2008 12:00am
Bestway converting its UBL GDRs into ordinary shares

Bestway converting its UBL GDRs into ordinary shares

The Bestway Group (BG) has decided to convert their United Bank Limited GDRs aggregating 14.08 million into ordinary shares subject to approval from the State Bank of Pakistan. In a notice sent to Karachi Stock Exchange here on Monday, UBL said.
Published 11 Nov, 2008 12:00am
Gold up at Rs 20,271

Gold up at Rs 20,271

Gold moved up by Rs 51 to Rs 20,271 per 10 grams in the local market on Monday as its international price also surged to $7527 an ounce, sources said. Silver also inched up at Rs 308 per 10 grams.
Published 11 Nov, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Former president of APTPMA hails government decision

Former president of APTPMA hails government decision

G R Arshad, honorary Consul General of Somalia, Life Chairman, Action Committee, All Pakistan Textile Processing Mills Association, Life member of the Federation of Pakistan Chambers of Commerce and Industry, former President of All Pakistan Textile Proce
Published 11 Nov, 2008 12:00am
Karachi University senate elections on December 6

Karachi University senate elections on December 6

Elections to the senate, under the University of Karachi Act 1972 from the constituency of college teachers would be held on December 06, 2008. The polling would be held from 9:30am to 4:00pm at Government Islamia Arts, Commerce College, Near Guru Mandar
Published 11 Nov, 2008 12:00am
BMG elections

BMG elections

Businessmen Group (BMG) members have elected Siraj Kassim Teli as Chairman of the BMG. In a meeting of the Group held recently, the members of the BMG also elected Vice Chairmans including Tahir Khaliq from Urdu community, Zubair Motiwala from Gujrati com
Published 11 Nov, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Nov, 2008 12:00am
Shahbaz meets Gilani

Shahbaz meets Gilani

Chief Minister Punjab Mian Shahbaz Sharif called on Prime Minister Syed Yousuf Raza Gilani at the PM's House on Monday evening. He apprised the Prime Minister of various development and public welfare schemes underway in Punjab. He also updated him on the
Published 11 Nov, 2008 12:00am
New combination vaccine to tackle child killer

New combination vaccine to tackle child killer

A new combination vaccine that will protect children from the bacterium Hib (Haemophilus influenzae type B), the most common cause of deadly pneumonia and meningitis, and four other common childhood diseases, is being introduced by the government this mon
Published 11 Nov, 2008 12:00am
Three-day workshop for air hostesses, stewards started

Three-day workshop for air hostesses, stewards started

The Punjab Emergency Service (Rescue 1122) has started three-day workshop for air hostess and stewards to create awareness regarding effective management of emergencies in case of any unforeseen. Forty air hostess and stewards of PIA participated in this
Published 11 Nov, 2008 12:00am
Simon stuns misfiring Federer at Masters Cup

Simon stuns misfiring Federer at Masters Cup

Roger Federer got his quest for a fifth Masters Cup title off to the worst possible start with a 4-6 6-4 6-3 defeat at the hands of Frenchman Gilles Simon on Monday. The Swiss top seed, who withdrew from the Paris Masters 11 days ago with a back injury, m
Published 11 Nov, 2008 12:00am
Sri Lanka rejects latest Tiger truce offer

Sri Lanka rejects latest Tiger truce offer

Sri Lanka's government rejected the latest Tamil Tiger truce offer out of hand on Monday, again demanding the separatist rebels surrender or be destroyed by a military offensive rapidly gaining ground. The Liberation Tigers of Tamil Eeelam (LTTE) at the w
Published 11 Nov, 2008 12:00am
Egyptian child rapist handed eighth death sentence

Egyptian child rapist handed eighth death sentence

A Kuwait court on Monday handed down two more death sentences on an Egyptian man accused of abducting and raping 17 children, bringing the total to eight death sentences, a legal source said. Jihad al-Saadi, 27, was arrested in July last year as he prepar
Published 11 Nov, 2008 12:00am
Afghan writer scoops top French book prize

Afghan writer scoops top French book prize

France's top annual book prize, the Goncourt, was awarded Monday to Afghan writer and refugee Atiq Rahimi, best known for his novel turned into a film "Earth and Ashes." The prize-winning "Syngue Sabour," or Stone of Patience, focuses on the plight of Afg
Published 11 Nov, 2008 12:00am
Karzai fires transport minister

Karzai fires transport minister

President Hamid Karzai on Monday fired his transport minister and ordered the attorney general's office to investigate his handling of lucrative contracts to take 30,000 Afghans to Makkah for the hajj. Hamidullah Qaderi was sacked at a cabinet meeting for
Published 11 Nov, 2008 12:00am
Somali gunmen kidnap two European nuns

Somali gunmen kidnap two European nuns

Heavily armed Somali gunmen kidnapped two European nuns on Monday during a pre-dawn raid on a remote Kenyan border town, witnesses said. Somalia is one of the most dangerous countries in the world for aid workers, who are often abducted or killed in attac
Published 11 Nov, 2008 12:00am
EU launches anti-piracy mission off Somalia

EU launches anti-piracy mission off Somalia

The European Union launched Monday a security operation off the coast of Somalia - its first-ever naval mission - to combat growing acts of piracy and help protect aid ships. Dubbed Operation Atalanta, the mission, endorsed by the bloc's defence ministers
Published 11 Nov, 2008 12:00am
'Mama Africa' dies after concert

'Mama Africa' dies after concert

South African singer Miriam Makeba, one of Africa's best known voices and a champion of the fight against apartheid during three decades in exile, has died of a heart attack after a concert in Italy. She was 76. Known as "Mama Africa" and the "Empress of
Published 11 Nov, 2008 12:00am
US-led forces kill 14 Afghan 'guards'

US-led forces kill 14 Afghan 'guards'

Fourteen Afghan security guards were killed in a clash with US-led troops, the government said Monday, while the military insisted they were suspected militants who had fired first. Three destroyed vehicles at the scene after the fighting in the eastern p
Published 11 Nov, 2008 12:00am
Israel must give up land for peace: Olmert

Israel must give up land for peace: Olmert

Outgoing Prime Minister Ehud Olmert said on Monday Israel must give up most of the Palestinian territories it has occupied since 1967, including east Jerusalem, if it wants peace. "If we are determined to preserve the Jewish and democratic character of th
Published 11 Nov, 2008 12:00am
IAEA sets formal report, debate on Syria atom probe

IAEA sets formal report, debate on Syria atom probe

The UN nuclear watchdog is drafting an investigative report on Syria for the first time, suggesting to Western diplomats the agency has found some sign of undeclared activity at a site bombed by Israel last year. Moreover, Syria has been made an official
Published 11 Nov, 2008 12:00am
Baghdad triple bomb kills 28; teenage girl strikes

Baghdad triple bomb kills 28; teenage girl strikes

Two car bombs exploded in central Baghdad on Monday and a suicide bomber blew himself up among police and civilians who rushed to help the wounded, a triple strike that killed 28 people and wounded 68. In another attack, in Baquba, capital of volatile nor
Published 11 Nov, 2008 12:00am
Israel poisoned Arafat: nephew insists

Israel poisoned Arafat: nephew insists

A relative of Yasser Arafat insisted on Monday that the Palestinian leader who died four years ago this week was poisoned by Israel. "Every day there are statements and clues about the elimination of Arafat and every day we draw closer to the poisoning th
Published 11 Nov, 2008 12:00am
Bangladesh court sends four former ministers to jail for graft

Bangladesh court sends four former ministers to jail for graft

A Bangladesh Special Court sent on Monday four former ministers, and key allies of ex-prime minister Begum Khaleda Zia, to jail until a court hearing later this week for alleged graft, court officials said. They are from the Bangladesh Nationalist Party (
Published 11 Nov, 2008 12:00am
Britons' trust in ministers falls

Britons' trust in ministers falls

Britons' trust in their political masters is waning, with an growing belief that ministers are interested in power for their own gain, a government advisory body said on Monday. While people have confidence in the honesty of public service professionals s
Published 11 Nov, 2008 12:00am
Sterling hits record low

Sterling hits record low

Sterling hit a record low against the euro on Monday as investors worried over a bleak economic outlook and prospects of more monetary policy easing after the Bank of England's dramatic interest rate cut last week. The euro briefly hit a lifetime high of
Published 11 Nov, 2008 12:00am
Euro, high-yielders climb in London trade

Euro, high-yielders climb in London trade

The euro climbed on Monday after China announced major initiatives to stimulate its economy, which cooled risk aversion and boosted share prices while putting the dollar and the yen under selling pressure. European shares rose roughly 3 percent, tracking
Published 11 Nov, 2008 12:00am
Libor rates fall as slow thaw continues

Libor rates fall as slow thaw continues

The flow of funds through global money markets picked up on Monday as banks trimmed the rate at which they lend to each other, indicating that the worst of the global financial crisis, if not the economic one, may be over.
Published 11 Nov, 2008 12:00am
Indian rupee strengthens

Indian rupee strengthens

The Indian rupee strengthened on Monday as solid gains in the domestic share market renewed hopes for fresh capital inflows, but dollar demand from importers and oil firms capped gains. The partially convertible rupee closed at 47.35/37 per dollar, 0.6 pe
Published 11 Nov, 2008 12:00am