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Print - 2008-11-14
Kayani to raise US missile strikes with Nato

Kayani to raise US missile strikes with Nato

Army chief will visit Brussels next week for talks with senior Nato officials about US missile strikes on Pakistani soil near the Afghanistan border, the military said Thursday. The missile attacks by US drones in tribal areas, which US and Nato officials
Published 14 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 13, 2008).

Published 14 Nov, 2008 12:00am
LSE remains listless

LSE remains listless

The depressed sentiments continued on the Lahore Stock Exchange on Thursday while the index remained unchanged at 2825.36 amid marginally improved trading turnover. The market opened on a negative note and stayed in red zone throughout the day. Out of a t
Published 14 Nov, 2008 12:00am
ISE-10 Index shows negative moves

ISE-10 Index shows negative moves

Islamabad Stock Exchange (ISE) index moved in downward amid a flurry of selling. ISE-10 Index showed a decrease of 5.03 points as it moved from 2,003.17 to 1,998.14 points. The overall turnover stood at 20,389 shares as compared to previous volume of 5,41
Published 14 Nov, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (November 13, 2008).
Published 14 Nov, 2008 12:00am
ISE-10 Index shows negative moves

ISE-10 Index shows negative moves

Islamabad Stock Exchange (ISE) index moved in downward amid a flurry of selling. ISE-10 Index showed a decrease of 5.03 points as it moved from 2,003.17 to 1,998.14 points. The overall turnover stood at 20,389 shares as compared to previous volume of 5,41
Published 14 Nov, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (November 13, 2008).

Published 14 Nov, 2008 12:00am
Emaar says reviewing jobs

Emaar says reviewing jobs

Dubai's Emaar Properties, the developer behind the world's tallest tower, said on Thursday it was reviewing its jobs policy in light of the global financial crisis after other developers shed jobs.
Published 14 Nov, 2008 12:00am
Alitalia protests continue, government eyes legal options

Alitalia protests continue, government eyes legal options

Protests by Alitalia employees opposed to a take-over by Italian businessmen stretched into a fourth day on Thursday, cancelling more than 20 flights and prompting authorities to mull legal options to end disruptions.
Published 14 Nov, 2008 12:00am
Canada's trade surplus shrinks

Canada's trade surplus shrinks

Canada's trade surplus shrank more than expected in September as the country sold less energy and fewer cars to the slowing US market, while imports resumed their climb after a brief slump, Statistics Canada said on Thursday. The surplus narrowed to C$4.4
Published 14 Nov, 2008 12:00am
Countrywide strike if government fails to meet demands: PCGA

Countrywide strike if government fails to meet demands: PCGA

Chairman of Pakistan Cotton Ginners Association (PCGA) Chaudhry Muhammad Akram has given one week's deadline to the Government and threatened to observe country wide strike if support price of cotton, and its purchase through Trading Corporation of Pakist
Published 14 Nov, 2008 12:00am
TCP starts purchasing cotton from growers today

TCP starts purchasing cotton from growers today

The Trading Corporation of Pakistan (TCP) has make arrangements for funds and storage facilities to purchase cotton from the growers and will start buying it from Friday, Parliamentary Secretary for Food and Agriculture, Liaquat Ali khan said while respon
Published 14 Nov, 2008 12:00am
ADB report underlines power transmission system's constraints

ADB report underlines power transmission system's constraints

The power transmission system in Pakistan is currently unable to meet existing demand in some areas besides having voltage control issues around the clock and a high risk of instability under certain outage conditions, said Asian Development Bank in a rep
Published 14 Nov, 2008 12:00am
WFP says food aid being looted in NWFP

WFP says food aid being looted in NWFP

According to the World Food Programme (WFP), over 900 tons of wheat and edible oil with a value of approximately one million dollars were lost to armed assaults in the NWFP province. The United Nations is greatly concerned over rapidly increasing losses o
Published 14 Nov, 2008 12:00am
WFP says food aid being looted in NWFP

WFP says food aid being looted in NWFP

According to the World Food Programme (WFP), over 900 tons of wheat and edible oil with a value of approximately one million dollars were lost to armed assaults in the NWFP province. The United Nations is greatly concerned over rapidly increasing losses o
Published 14 Nov, 2008 12:00am
WFP says food aid being looted in NWFP

WFP says food aid being looted in NWFP

According to the World Food Programme (WFP), over 900 tons of wheat and edible oil with a value of approximately one million dollars were lost to armed assaults in the NWFP province. The United Nations is greatly concerned over rapidly increasing losses o
Published 14 Nov, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (November 13, 2008).

Published 14 Nov, 2008 12:00am
EU proposes tougher rules to tackle tax evasion

EU proposes tougher rules to tackle tax evasion

The European Commission on Thursday proposed new measures to clamp down on tax dodgers who stash their cash in offshore accounts or use tax-free intermediaries. Current European regulation, "although effective within the limits of its scope, can be easily
Published 14 Nov, 2008 12:00am
EU proposes tougher rules to tackle tax evasion

EU proposes tougher rules to tackle tax evasion

The European Commission on Thursday proposed new measures to clamp down on tax dodgers who stash their cash in offshore accounts or use tax-free intermediaries. Current European regulation, "although effective within the limits of its scope, can be easily
Published 14 Nov, 2008 12:00am
EU proposes tougher rules to tackle tax evasion

EU proposes tougher rules to tackle tax evasion

The European Commission on Thursday proposed new measures to clamp down on tax dodgers who stash their cash in offshore accounts or use tax-free intermediaries. Current European regulation, "although effective within the limits of its scope, can be easily
Published 14 Nov, 2008 12:00am
Top UAE bank blocks loans to property firms' staff

Top UAE bank blocks loans to property firms' staff

The United Arab Emirates' largest bank has halted retail lending to foreigners employed by top Dubai property firms on fears a slowdown could jeopardise their jobs and income, an internal document obtained by Reuters said.
Published 14 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 13, 2008).

Published 14 Nov, 2008 12:00am
Top UAE bank blocks loans to property firms' staff

Top UAE bank blocks loans to property firms' staff

The United Arab Emirates' largest bank has halted retail lending to foreigners employed by top Dubai property firms on fears a slowdown could jeopardise their jobs and income, an internal document obtained by Reuters said.
Published 14 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 13, 2008).

Published 14 Nov, 2008 12:00am
Top UAE bank blocks loans to property firms'' staff

Top UAE bank blocks loans to property firms'' staff

The United Arab Emirates'' largest bank has halted retail lending to foreigners employed by top Dubai property firms on fears a slowdown could jeopardise their jobs and income, an internal document obtained by Reuters said.
Published 14 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 13, 2008).

Published 14 Nov, 2008 12:00am
Nato commander briefs MPs on border situation

Nato commander briefs MPs on border situation

Nato Commander General David McKiernan said on Thursday that we are collecting authentic information for strikes on the al Qaeda and Taliban hideouts in the tribal belt. In a briefing in US embassy, the Nato commander told Pakistani parliamentarians about
Published 14 Nov, 2008 12:00am
Nato commander briefs MPs on border situation

Nato commander briefs MPs on border situation

Nato Commander General David McKiernan said on Thursday that we are collecting authentic information for strikes on the al Qaeda and Taliban hideouts in the tribal belt. In a briefing in US embassy, the Nato commander told Pakistani parliamentarians about
Published 14 Nov, 2008 12:00am
Dollar cedes gains in London

Dollar cedes gains in London

The dollar ceded gains on Thursday as US stock futures moved into positive territory, but persistent wariness over the global economic outlook was expected to support the US currency and the low-yielding yen. Recession fears became a reality in Germany, w
Published 14 Nov, 2008 12:00am
Pound tumbles to record low versus euro

Pound tumbles to record low versus euro

Sterling slumped to a record low against the euro and a 12-1/2-year low on a trade-weighted basis on Thursday due to concern that a steep economic downturn will force the Bank of England to cut interest rates further. The pound also tumbled against the do
Published 14 Nov, 2008 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 13, 2008).

Published 14 Nov, 2008 12:00am
Libor dollar rates rise

Libor dollar rates rise

Three-month interbank borrowing rates rose for the first time in a month on Thursday, telegraphing market anxiety about the US Treasury's turnaround on a plan to buy troubled assets. But in Europe, interbank lending rates eased gradually once again.
Published 14 Nov, 2008 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 13, 2008).

Published 14 Nov, 2008 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 13, 2008).

Published 14 Nov, 2008 12:00am
China agrees to provide $500 million, Tarin tells Senate

China agrees to provide $500 million, Tarin tells Senate

China has agreed to extend financial assistance of $500 million to Pakistan, said advisor to the Prime Minister on finance Shaukat Tarin while concluding debate on current economic situation in the Senate Thursday.
Published 14 Nov, 2008 12:00am
Qadirpur Gas Field: Hashmi assures OGDCL employees of PML-N support

Qadirpur Gas Field: Hashmi assures OGDCL employees of PML-N support

Pakistan Muslim League (Nawaz) has joined hands with the employees of the Oil and Gas Development Company Limited (OGDCL) in their protest against privatisation of Qadirpur Gas Field. PML-N Vice-President Mukhdoom Javed Hashmi, who visited the protesting
Published 14 Nov, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

It was a tough call for me, like many others, to understand the logic of rejoinder by Pakistan People's Party to opposition leader speech in the National Assembly. Are we heading towards 1990 era of politics with confrontation at peak between the two majo
Published 14 Nov, 2008 12:00am
Customs fail to regulate business of container terminals at port

Customs fail to regulate business of container terminals at port

In the absence of laws, Customs authorities have failed to regulate the business of different container terminals at port amid extraordinary fees and making imports very expensive, well-placed sources told Business Recorder on Thursday.
Published 14 Nov, 2008 12:00am
Germany and Pakistan sign protocol to work on development projects

Germany and Pakistan sign protocol to work on development projects

Pakistan and Germany signed a Protocol on Development Co-operation under which Germany would provide 81 million Euro for various development projects in Pakistan in the fields of education, health, microfinance and poverty alleviation.
Published 14 Nov, 2008 12:00am
Membership card of KSE defaulter member sold for Rs 55 million

Membership card of KSE defaulter member sold for Rs 55 million

Karachi Stock Exchange (KSE) on Thursday sold out a membership card of one of the defaulter members through accepting the highest bid of Rs 55 million. Sources said that in all six bids were received to buy the cards. The highest bid was given by a local
Published 14 Nov, 2008 12:00am
Government defends seeking IMF support in Senate

Government defends seeking IMF support in Senate

The government on Thursday defended its plan of seeking International Monetary Fund (IMF) support for economic revival as Senators from opposition and treasury presented different option to help the country avoid Fund's assistance.
Published 14 Nov, 2008 12:00am
Economic stability top priority: Kaira

Economic stability top priority: Kaira

Punjab Finance, Planning and Development Minister Tanvir Ashraf Kaira has said that the government is working on war-footing for improving economic conditions and economic stability is the top priority of his government for which concrete measures are bei
Published 14 Nov, 2008 12:00am
Bawan Shah Group blamed for maligning NAB

Bawan Shah Group blamed for maligning NAB

Chairman, Bawan Shah Group of companies, Raja Muhammad Zaraat is trying to create a media hype in order to malign the National Accountability Bureau (NAB), influence public opinion and to give a political cover to the purely corruption cases against him,
Published 14 Nov, 2008 12:00am
Pakistan's foreign exchange reserves fall by $20 million

Pakistan's foreign exchange reserves fall by $20 million

The country's foreign exchange reserves fell $20 million to $6.74 billion in the week that ended on November 8, the State Bank of Pakistan said on Thursday. The SBP's own reserves fell to $3.5 billion from $3.53 billion a week earlier, and reserves held b
Published 14 Nov, 2008 12:00am
Government asked to look into worsening situation of textile industry

Government asked to look into worsening situation of textile industry

Dr Shahzad Arshad, Chairman, Pakistan Cotton Fashion Apparel Manufacturers and Exporters Association (PCFAMEA), in a press statement has appealed to Federal Minister of Commerce Makhdoom Amin Fahim & federal minister of industries and production Mian Manz
Published 14 Nov, 2008 12:00am
Change in lifestyle only solution to avert diabetes

Change in lifestyle only solution to avert diabetes

At least eight million people in the country are suffering from diabetes, while eigth million other at pre-diabetes conditions, therefore change in lifestyle is the only solution to avert this dangerous disease. Professor Dr Zaman Sheikh, Dow University o
Published 14 Nov, 2008 12:00am
PAFP and PPA to participate in anti-polio drive

PAFP and PPA to participate in anti-polio drive

On the request of Punjab Health Department, Pakistan Academy of Family Physicians (PAFP) and Pakistan Paediatric Association (PPA) have decided to fully participate in three-day national anti-polio campaign being run from November 24 to 26 in Punjab.
Published 14 Nov, 2008 12:00am
Mohammad Ali Mian felicitated

Mohammad Ali Mian felicitated

Acting President Lahore Chamber of Commerce and Industry (LCCI) Mian Muzaffar Ali, Vice President Shafqat Saeed Piracha and Executive Committee members have congratulated Mohammad Ali Mian for his appointment as Chairman Punjab Industrial Estates Developm
Published 14 Nov, 2008 12:00am
22 new dengue virus cases in Lahore

22 new dengue virus cases in Lahore

Punjab Health Department has said that during the last 24 hours 22 new dengue patients were admitted in the four teaching hospitals of the city. According to a spokesman of the department total number of dengue patients, which have been reported during th
Published 14 Nov, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 Nov, 2008 12:00am
Lawyers hold protest rally

Lawyers hold protest rally

Lawyers on Thursday held their weekly protest rally on the Mall from Aiwan-e-Adal to Chairing Cross for restoration of the sacked judges including with Iftikhar Muhammad Chaudhry, as Chief Justice Pakistan.
Published 14 Nov, 2008 12:00am
Japanese companies: Pakistan offers to establish special economic zone

Japanese companies: Pakistan offers to establish special economic zone

Pakistan has offered setting up a special economic zone for Japanese business companies, Japanese Ambassador to Pakistan, Chihiro Atsumi was informed by Deputy Chairman Planning Commission, Salman Faruqui on Thursday. Faruqui said that Pakistan was alread
Published 14 Nov, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (November 13, 2008).

Published 14 Nov, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 14 Nov, 2008 12:00am
Drone attacks denting Pak-US relations: foreign office

Drone attacks denting Pak-US relations: foreign office

The government said on Thursday said that the rules of engagement are very clear and US drones attacks in Pakistani tribal belt are against the international law, affecting relations between Washington and Islamabad. Foreign Office Spokesman, Muhammad Sad
Published 14 Nov, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Nov, 2008 12:00am
SBP criticised for raising discount rate

SBP criticised for raising discount rate

The Piaf-Founders Alliance has strongly criticised the State Bank of Pakistan for making another two percent increase in discount rate, and termed it an anti-industry step. Piaf-Founder Alliance leader Sheikh Mohammad Arshad stated this while addressing a
Published 14 Nov, 2008 12:00am
Training course on human resource development from November 17

Training course on human resource development from November 17

Pakistan Manpower Institute (PMI) would organise a training course on Integrated Approach to Human Resource Development from November 17 to 22. The course is aimed at providing an insight to the participants on the development of integrated approach to hu
Published 14 Nov, 2008 12:00am
Lawyers hold demonstration for judges' restoration

Lawyers hold demonstration for judges' restoration

Lawyers held protest demonstration against non-restoration of deposed judges here on Thursday inside the premises of district court. The lawyers' rally was also joined by members of civil society and PML-N activists.
Published 14 Nov, 2008 12:00am
Black marketeers at railway stations fleecing masses

Black marketeers at railway stations fleecing masses

Black marketers at railway stations have rolled their sleeves up to fleece the masses, as the authorities of Pakistan Railways (PR) on Thursday started advance booking for Eid-ul-Azha. The railway officials were not performing their duties scrupulously, t
Published 14 Nov, 2008 12:00am
Hoax bomb call creates panic in LHC

Hoax bomb call creates panic in LHC

A hoax bomb call stirred panic in Lahore High Court and bar premises here on Thursday. As per detail, the police rescue-15 received a call about presence of bomb in LHC building. After the call, bomb disposal squad was called in, which searched almost all
Published 14 Nov, 2008 12:00am
'Rains in northern areas good for NWFP, Punjab Barani area crops'

'Rains in northern areas good for NWFP, Punjab Barani area crops'

The rain and snowfall on Thursday night in northern parts of the country will be a good dose for the wheat crop in Barani areas of Punjab, NWFP and now farmers are in a position of late sowing. The last night thunderstorm and rainfall also brought the mer
Published 14 Nov, 2008 12:00am
KESC's Rs 16 billion loss to be discussed on November 29

KESC's Rs 16 billion loss to be discussed on November 29

The Karachi Electric Supply Company (KESC)'s yearly loss of Rs 16 billion of the fiscal year 2007-08 would be discussed in the annual General Meeting to be held on November 29, Choudhary Mazhar, general secretary KESC Share Holders Association stated in a
Published 14 Nov, 2008 12:00am
Citi employees celebrate Global Community Day

Citi employees celebrate Global Community Day

Citi employees joined together in volunteer service to celebrate the third Global Community Day recently. Employees from 100 countries and 600 cities participated in over a thousand volunteer events across the world. Citi Pakistan employees in Karachi, Is
Published 14 Nov, 2008 12:00am
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