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Print - 2008-11-13
System devised to monitor auction of fruits

System devised to monitor auction of fruits

Chairman Task Force for essential commodities S. A. Hameed has said that a comprehensive system has been devised to monitor auction of fruits and vegetables in the markets. Under this system magistrates and officials of market committee would monitor the
Published 13 Nov, 2008 12:00am
Mills release Rs 12.68 billion to sugar growers

Mills release Rs 12.68 billion to sugar growers

Punjab Food Minister Malik Nadeem Kamran has said that owners of sugar mills has released Rs 12.68 billion to sugar growers and remaining amount would also be settle very soon, and this was made possible due to timely action of the Punjab government.
Published 13 Nov, 2008 12:00am
Fifth CNG exhibition to begin from December 2

Fifth CNG exhibition to begin from December 2

The 5th International Conference and Exhibition on CNG (CNG Conex-2008) will be held on December 2-3 2008. This event is being organised by National Forum for Environment and Health (NFEH), will be held at Lahore at local hotel.
Published 13 Nov, 2008 12:00am
Efforts on for uplift of agriculture sector: Gilani

Efforts on for uplift of agriculture sector: Gilani

Prime Minister Syed Yousuf Raza Gilani has termed agriculture as the backbone of the country's economy, and said the government is making all out efforts to uplift the sector. He was inaugurating wheat-sowing ceremony in at Kala Shah Kaku, a rural town ne
Published 13 Nov, 2008 12:00am
Israel lauds Saudi peace plan before King Abdullah

Israel lauds Saudi peace plan before King Abdullah

Israeli President Shimon Peres seized the rare opportunity of being in the same hall as Saudi King Abdullah on Wednesday to praise a Saudi peace initiative that he said had brought hope to the Middle East.
Published 13 Nov, 2008 12:00am
Israel lauds Saudi peace plan before King Abdullah

Israel lauds Saudi peace plan before King Abdullah

Israeli President Shimon Peres seized the rare opportunity of being in the same hall as Saudi King Abdullah on Wednesday to praise a Saudi peace initiative that he said had brought hope to the Middle East.
Published 13 Nov, 2008 12:00am
WTO warns trade finance ''deteriorating''

WTO warns trade finance ''deteriorating''

The World Trade Organisation warned Wednesday that the financing of global commerce is "deteriorating" amid the financial crisis and the situation is likely to worsen over the coming months. "The market for trade finance has severely deteriorated over the
Published 13 Nov, 2008 12:00am
WTO warns trade finance 'deteriorating'

WTO warns trade finance 'deteriorating'

The World Trade Organisation warned Wednesday that the financing of global commerce is "deteriorating" amid the financial crisis and the situation is likely to worsen over the coming months. "The market for trade finance has severely deteriorated over the
Published 13 Nov, 2008 12:00am
WTO warns trade finance 'deteriorating'

WTO warns trade finance 'deteriorating'

The World Trade Organisation warned Wednesday that the financing of global commerce is "deteriorating" amid the financial crisis and the situation is likely to worsen over the coming months. "The market for trade finance has severely deteriorated over the
Published 13 Nov, 2008 12:00am
US backs away from plan to buy toxic debt

US backs away from plan to buy toxic debt

The US Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of toxic mortgage debt, while Europe reported more gloomy economic news and the World Bank warned that international trade may contract in 2009.
Published 13 Nov, 2008 12:00am
US backs away from plan to buy toxic debt

US backs away from plan to buy toxic debt

The US Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of toxic mortgage debt, while Europe reported more gloomy economic news and the World Bank warned that international trade may contract in 2009.
Published 13 Nov, 2008 12:00am
US backs away from plan to buy toxic debt

US backs away from plan to buy toxic debt

The US Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of toxic mortgage debt, while Europe reported more gloomy economic news and the World Bank warned that international trade may contract in 2009.
Published 13 Nov, 2008 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
US backs away from plan to buy toxic debt

US backs away from plan to buy toxic debt

The US Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of toxic mortgage debt, while Europe reported more gloomy economic news and the World Bank warned that international trade may contract in 2009.
Published 13 Nov, 2008 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
Government planning to cut expenses

Government planning to cut expenses

State Bank of Pakistan Governor Dr Shamshad Akhtar has said that the government is planning to curtail its expenditures and adhere to a desirable borrowing program for fiscal year 2009, which aims to renew efforts to reduce its reliance on inflationary bo
Published 13 Nov, 2008 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
Government planning to cut expenses

Government planning to cut expenses

State Bank of Pakistan Governor Dr Shamshad Akhtar has said that the government is planning to curtail its expenditures and adhere to a desirable borrowing program for fiscal year 2009, which aims to renew efforts to reduce its reliance on inflationary bo
Published 13 Nov, 2008 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
Government planning to cut expenses

Government planning to cut expenses

State Bank of Pakistan Governor Dr Shamshad Akhtar has said that the government is planning to curtail its expenditures and adhere to a desirable borrowing program for fiscal year 2009, which aims to renew efforts to reduce its reliance on inflationary bo
Published 13 Nov, 2008 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
Government planning to cut expenses

Government planning to cut expenses

State Bank of Pakistan Governor Dr Shamshad Akhtar has said that the government is planning to curtail its expenditures and adhere to a desirable borrowing program for fiscal year 2009, which aims to renew efforts to reduce its reliance on inflationary bo
Published 13 Nov, 2008 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
Cement cartelising case: CCP adjourns hearing till December 5

Cement cartelising case: CCP adjourns hearing till December 5

The Competition Commission of Pakistan adjourned hearing till December 5, 2008 in case against the cartelisation of cement manufacturers, allegedly involved in price hike of the commodity. Sources told Business Recorder on Wednesday that the Islama
Published 13 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
Cement cartelising case: CCP adjourns hearing till December 5

Cement cartelising case: CCP adjourns hearing till December 5

The Competition Commission of Pakistan adjourned hearing till December 5, 2008 in case against the cartelisation of cement manufacturers, allegedly involved in price hike of the commodity. Sources told Business Recorder on Wednesday that the Islama
Published 13 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
Cement cartelising case: CCP adjourns hearing till December 5

Cement cartelising case: CCP adjourns hearing till December 5

The Competition Commission of Pakistan adjourned hearing till December 5, 2008 in case against the cartelisation of cement manufacturers, allegedly involved in price hike of the commodity. Sources told Business Recorder on Wednesday that the Islama
Published 13 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
18 MNCs may wind up business if unrest persists: OICCI survey

18 MNCs may wind up business if unrest persists: OICCI survey

In prevailing and persisting law and order''s terrible conditions 18 multinational companies are considering to wind up their business in the country, while 88 percent of foreign investors consider measures, taken by the government to control unrest situa
Published 13 Nov, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
18 MNCs may wind up business if unrest persists: OICCI survey

18 MNCs may wind up business if unrest persists: OICCI survey

In prevailing and persisting law and order's terrible conditions 18 multinational companies are considering to wind up their business in the country, while 88 percent of foreign investors consider measures, taken by the government to control unrest situat
Published 13 Nov, 2008 12:00am
18 MNCs may wind up business if unrest persists: OICCI survey

18 MNCs may wind up business if unrest persists: OICCI survey

In prevailing and persisting law and order's terrible conditions 18 multinational companies are considering to wind up their business in the country, while 88 percent of foreign investors consider measures, taken by the government to control unrest situat
Published 13 Nov, 2008 12:00am
No shortage of dollars in foreign exchange markets of twin cities

No shortage of dollars in foreign exchange markets of twin cities

There is no shortage of dollars in the open currency markets of Islamabad and Rawalpindi following the arrest of owners of a leading exchange company by the Federal Investigation Agency (FIA). A survey, conducted by Business Recorder on Wednesday,
Published 13 Nov, 2008 12:00am
No shortage of dollars in foreign exchange markets of twin cities

No shortage of dollars in foreign exchange markets of twin cities

There is no shortage of dollars in the open currency markets of Islamabad and Rawalpindi following the arrest of owners of a leading exchange company by the Federal Investigation Agency (FIA). A survey, conducted by Business Recorder on Wednesday,
Published 13 Nov, 2008 12:00am
No shortage of dollars in foreign exchange markets of twin cities

No shortage of dollars in foreign exchange markets of twin cities

There is no shortage of dollars in the open currency markets of Islamabad and Rawalpindi following the arrest of owners of a leading exchange company by the Federal Investigation Agency (FIA). A survey, conducted by Business Recorder on Wednesday,
Published 13 Nov, 2008 12:00am
Global Gender Gap ranking: Pakistan ranked 127 out of 130 states

Global Gender Gap ranking: Pakistan ranked 127 out of 130 states

Pakistan ranked 127 out of 130 countries in this year's Global Gender Gap ranking, says a report of World Economic Forum released through the Competitiveness Support Fund (CSF) here on Wednesday. The report provides a comprehensive framework for assessing
Published 13 Nov, 2008 12:00am
Global Gender Gap ranking: Pakistan ranked 127 out of 130 states

Global Gender Gap ranking: Pakistan ranked 127 out of 130 states

Pakistan ranked 127 out of 130 countries in this year's Global Gender Gap ranking, says a report of World Economic Forum released through the Competitiveness Support Fund (CSF) here on Wednesday. The report provides a comprehensive framework for assessing
Published 13 Nov, 2008 12:00am
SBP reproached by Senate over raise in discount rate

SBP reproached by Senate over raise in discount rate

The Senate on Wednesday reproached the tightening of monetary policy by the State Bank of Pakistan, saying that the decision taken in haste would hurt the industry and businesses struggling to survive. As Senate proceedings started 45 minutes late, both t
Published 13 Nov, 2008 12:00am
SBP reproached by Senate over raise in discount rate

SBP reproached by Senate over raise in discount rate

The Senate on Wednesday reproached the tightening of monetary policy by the State Bank of Pakistan, saying that the decision taken in haste would hurt the industry and businesses struggling to survive. As Senate proceedings started 45 minutes late, both t
Published 13 Nov, 2008 12:00am
SBP reproached by Senate over raise in discount rate

SBP reproached by Senate over raise in discount rate

The Senate on Wednesday reproached the tightening of monetary policy by the State Bank of Pakistan, saying that the decision taken in haste would hurt the industry and businesses struggling to survive. As Senate proceedings started 45 minutes late, both t
Published 13 Nov, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
Eight militants, soldier killed in Swat clash

Eight militants, soldier killed in Swat clash

Eight militants were killed and a soldier martyred during exchange of firing at Kabal in restive Swat district, a spokesman of Information Media Centre (IMC) said on Wednesday. The skirmishes started when the militants opened indiscriminate firing at the
Published 13 Nov, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 12, 2008).
Published 13 Nov, 2008 12:00am
Eight militants, soldier killed in Swat clash

Eight militants, soldier killed in Swat clash

Eight militants were killed and a soldier martyred during exchange of firing at Kabal in restive Swat district, a spokesman of Information Media Centre (IMC) said on Wednesday. The skirmishes started when the militants opened indiscriminate firing at the
Published 13 Nov, 2008 12:00am
Call for global fight against wheat disease

Call for global fight against wheat disease

Representatives of major wheat producing countries have called for urgent co-ordinated action to prevent and control the wheat stem rust disease strain Ug99, a United Nations agency said Wednesday.The fungus is capable of causing heavy damage to wheat cro
Published 13 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 Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
Call for global fight against wheat disease

Call for global fight against wheat disease

Representatives of major wheat producing countries have called for urgent co-ordinated action to prevent and control the wheat stem rust disease strain Ug99, a United Nations agency said Wednesday.The fungus is capable of causing heavy damage to wheat cro
Published 13 Nov, 2008 12:00am
Call for global fight against wheat disease

Call for global fight against wheat disease

Representatives of major wheat producing countries have called for urgent co-ordinated action to prevent and control the wheat stem rust disease strain Ug99, a United Nations agency said Wednesday.The fungus is capable of causing heavy damage to wheat cro
Published 13 Nov, 2008 12:00am
PSO buys 100,000 tonnes low-sulphur fuel oil for December

PSO buys 100,000 tonnes low-sulphur fuel oil for December

Pakistan State Oil (PSO) has bought 100,000 tonnes of low-sulphur fuel oil for December, a fifth of their tender requirements, adding to the demand gloom in the market, traders said on Wednesday. The cargoes of 120-centistoke were awarded to Middle Easter
Published 13 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 Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
Attacks on Afghan supply lines hurt Nato war effort

Attacks on Afghan supply lines hurt Nato war effort

Attacks on military supplies coming to Afghanistan are just one tactic of the widening Taliban insurgency, but one that forces Western nations to deal with the geopolitical reality of fighting a war in a landlocked nation. The Taliban declared they would
Published 13 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 Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
65.5 percent of population of Pakistan below poverty line: report

65.5 percent of population of Pakistan below poverty line: report

United Nations Development Programme (UNDP) report reveals that 65.5 percent of the population of Pakistan are below the poverty line (People below the poverty line are defined as those earning less than two dollars per day). A UNDP report titled High Foo
Published 13 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 Wednesday (November 12, 2008).

Published 13 Nov, 2008 12:00am
Ban lifted on publication of anti Muslim religious book

Ban lifted on publication of anti Muslim religious book

Hindu extremist organisations have increased their anti-minorities activities, especially against Muslims and Christians. This time, Indian Intelligence agency RAW (Research and Analysis Wing) has joined hands with the Hindu extremists to drag Muslims in
Published 13 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 13 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 13 Nov, 2008 12:00am
FPCCI expresses concern over raise in interest rate

FPCCI expresses concern over raise in interest rate

Acting President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Farooq Dadabhoy, has expressed grave concern over monetary policy statement of State Bank of Pakistan Governor. In a release here on Wednesday, he said this statemen
Published 13 Nov, 2008 12:00am
FPCCI expresses concern over raise in interest rate

FPCCI expresses concern over raise in interest rate

Acting President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Farooq Dadabhoy, has expressed grave concern over monetary policy statement of State Bank of Pakistan Governor. In a release here on Wednesday, he said this statemen
Published 13 Nov, 2008 12:00am
New York cotton

New York cotton

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

Published 13 Nov, 2008 12:00am
FPCCI expresses concern over raise in interest rate

FPCCI expresses concern over raise in interest rate

Acting President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Farooq Dadabhoy, has expressed grave concern over monetary policy statement of State Bank of Pakistan Governor. In a release here on Wednesday, he said this statemen
Published 13 Nov, 2008 12:00am
New York cotton

New York cotton

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

Published 13 Nov, 2008 12:00am
Foreign trips, princely expenditures tarnishing government's image: PEW

Foreign trips, princely expenditures tarnishing government's image: PEW

The government should stop counter-productive foreign trips and princely expenditures for seeking monetary support, as it is losing confidence of the masses and tarnishing its own image, said President of Pakistan Economy Watch (PEW) Dr Murtaza Mughal her
Published 13 Nov, 2008 12:00am
Samjhauta Express blast: Indian army officer being interrogated

Samjhauta Express blast: Indian army officer being interrogated

A serving senior officer of Indian army Lieutenant Colonel Shrikant Purohit is being questioned on his possible involvement in Samjhauta Express blast in which 68 persons, mostly Pakistanis were killed in February 2007. He was arrested in connection with
Published 13 Nov, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 118,715 tonnes of cargo including 71,410 tonnes of import, 47,305 tonnes of export, 5,589 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday.
Published 13 Nov, 2008 12:00am
CCP to allow online submission of pre-merger applications by companies

CCP to allow online submission of pre-merger applications by companies

The Competition Commission of Pakistan (CCP) has decided to introduce an online system for the submission of pre-merger applications by the companies. Sources told Business Recorder on Wednesday, the CCP had introduced the facility for the undertak
Published 13 Nov, 2008 12:00am