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Print - 2009-04-01
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 Tuesday (March 31, 2009).

Published 01 Apr, 2009 12:00am
Sindh government stops wheat movement to other provinces

Sindh government stops wheat movement to other provinces

The Sindh government is in no mood, against the directive of the Ministry of Food and Agriculture (Minfa), to allow movement of wheat to other provinces. Sources said that the provincial government would not impose a ban on inter-district wheat movement w
Published 01 Apr, 2009 12:00am
Sindh government stops wheat movement to other provinces

Sindh government stops wheat movement to other provinces

The Sindh government is in no mood, against the directive of the Ministry of Food and Agriculture (Minfa), to allow movement of wheat to other provinces. Sources said that the provincial government would not impose a ban on inter-district wheat movement w
Published 01 Apr, 2009 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 Tuesday (March 31, 2009).

Published 01 Apr, 2009 12:00am
Kayani leaves for Turkey to attend Trilateral Summit

Kayani leaves for Turkey to attend Trilateral Summit

Chief of Army Staff (CoAS) General Ashfaq Parvaiz Kayani has left for Turkey to take part in third Trilateral Summit of Afghanistan, Pakistan and Turkey in Ankara. The third trilateral Summit being hosted by the Turkish President in Ankara on April 1, wil
Published 01 Apr, 2009 12:00am
ISE experiences bearish trend

ISE experiences bearish trend

Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where bears remained in the front seat on Tuesday. ISE-10 Index was minus 49.26 points, as the index moved from 1,632.11 to 1,582.85 points. The overall turnover amounted to 3,07
Published 01 Apr, 2009 12:00am
Aptma worried over disruption of gas supply to mills

Aptma worried over disruption of gas supply to mills

The All Pakistan Textile Mills Association (Aptma) has expressed serious concern over the disruption of gas supply to its member mills during the current month, which is against all contractual commitments. "The disruption is making survival of the indust
Published 01 Apr, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 31, 2009).

Published 01 Apr, 2009 12:00am
NWFP likely to miss revenue target

NWFP likely to miss revenue target

The provincial government of NWFP is unlikely to achieve the revenue target of Rs 2.00 billion for the current financial year. The Department of Excise and Taxation had so far recovered Rs 800 million against the target, showing a recovery of 40 percent d
Published 01 Apr, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 31, 2009).
Published 01 Apr, 2009 12:00am
Mangla hydel power units resume production

Mangla hydel power units resume production

The closed Mangla hydel power generation units resumed production of 250 megawatt, much needed electricity after Indus River System Authority (Irsa) released 25,000 cusecs water from the Mangla Dam on Tuesday. Director General, Pakistan Electric Power Com
Published 01 Apr, 2009 12:00am
Mangla hydel power units resume production

Mangla hydel power units resume production

The closed Mangla hydel power generation units resumed production of 250 megawatt, much needed electricity after Indus River System Authority (Irsa) released 25,000 cusecs water from the Mangla Dam on Tuesday. Director General, Pakistan Electric Power Com
Published 01 Apr, 2009 12:00am
Water inflows in four rivers increased

Water inflows in four rivers increased

With the rise in temperature in the upper mountainous regions of the country the snow has started melting and the water inflows in four rivers, Indus, Kabul, Jhelum and Chenab have increased during last two days. Water and Power Development Authority (Wap
Published 01 Apr, 2009 12:00am
LSE-25 index down 58.55 points

LSE-25 index down 58.55 points

Lahore stocks remained under the grip of bearish sentiment on Tuesday and registered losses amid descending transaction volume on account of profit taking and portfolio sale despite another positive development with regarding to restoration of Mian Shahba
Published 01 Apr, 2009 12:00am
New York cotton

New York cotton

Mondays closing prices of New York cotton in US cents/lb.

Published 01 Apr, 2009 12:00am
Water inflows in four rivers increased

Water inflows in four rivers increased

With the rise in temperature in the upper mountainous regions of the country the snow has started melting and the water inflows in four rivers, Indus, Kabul, Jhelum and Chenab have increased during last two days. Water and Power Development Authority (Wap
Published 01 Apr, 2009 12:00am
New York cotton

New York cotton

Mondays closing prices of New York cotton in US cents/lb.

Published 01 Apr, 2009 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 01 Apr, 2009 12:00am
Water inflows in four rivers increased

Water inflows in four rivers increased

With the rise in temperature in the upper mountainous regions of the country the snow has started melting and the water inflows in four rivers, Indus, Kabul, Jhelum and Chenab have increased during last two days. Water and Power Development Authority (Wap
Published 01 Apr, 2009 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 01 Apr, 2009 12:00am
Southern African bloc suspends Madagascar

Southern African bloc suspends Madagascar

  • Southern African leaders have suspended Madagascar from a regional bloc, with no indication Tuesday their demands for ousted president Marc Ravalomanana to be re-instated would be met. In an unprecedented move the Southern African Development Community
Published 01 Apr, 2009 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 Tuesday (March 31, 2009).

Published 01 Apr, 2009 12:00am
ISE experiences bearish trend

ISE experiences bearish trend

Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where bears remained in the front seat on Tuesday. ISE-10 Index was minus 49.26 points, as the index moved from 1,632.11 to 1,582.85 points. The overall turnover amounted to 3,07
Published 01 Apr, 2009 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 Tuesday (March 31, 2009).

Published 01 Apr, 2009 12:00am
Over one million cases pending in various courts in Punjab: LHC report

Over one million cases pending in various courts in Punjab: LHC report

More than one million cases are pending in the courts in Punjab said an annual report issued here on Wednesday by the Lahore High Court (LHC). The report, however, said LHC out of 163,974 petitions filed before the court during 2008 disposed of 74,542 cas
Published 01 Apr, 2009 12:00am
Zardari arrives in Turkey

Zardari arrives in Turkey

President Asif Ali Zardari arrived here Tuesday for Turkish-sponsored talks with Afghan counterpart Hamid Karzai on boosting co-operation against extremists, a Pakistani diplomat said. The trilateral meeting - the third round of fence-mending talks betwee
Published 01 Apr, 2009 12:00am
Zardari arrives in Turkey

Zardari arrives in Turkey

President Asif Ali Zardari arrived here Tuesday for Turkish-sponsored talks with Afghan counterpart Hamid Karzai on boosting co-operation against extremists, a Pakistani diplomat said. The trilateral meeting - the third round of fence-mending talks betwee
Published 01 Apr, 2009 12:00am
No aid until Pakistan hits militants: US Senator

No aid until Pakistan hits militants: US Senator

A senior US senator said on Tuesday Pakistan should prove it is committed to fighting militancy before it receives more US aid and called the contribution by Nato allies to the war in Afghanistan pitiful. Senator Carl Levin, who chairs the US Senates arme
Published 01 Apr, 2009 12:00am
No aid until Pakistan hits militants: US Senator

No aid until Pakistan hits militants: US Senator

A senior US senator said on Tuesday Pakistan should prove it is committed to fighting militancy before it receives more US aid and called the contribution by Nato allies to the war in Afghanistan pitiful. Senator Carl Levin, who chairs the US Senates arme
Published 01 Apr, 2009 12:00am
Punjab again put on road to progress: Rana Iqbal

Punjab again put on road to progress: Rana Iqbal

The Speaker Punjab Assembly Rana Muhammad Iqbal has said that Punjab Province had again been put on the road to progress by decision of the Supreme Court. The Speaker talked about the measures that had been put in field of education by the Government of M
Published 01 Apr, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Apr, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Apr, 2009 12:00am
Dr Asim meets Prime Minister

Dr Asim meets Prime Minister

Advisor to Prime Minister on Petroleum Dr Asim Hussain called on Prime Minister Syed Yusuf Raza Gilani here at PMs House on Tuesday afternoon. The advisor briefed the Prime Minister on new petroleum policy and the status of IPI pipeline project.
Published 01 Apr, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (March 31, 2009).

Published 01 Apr, 2009 12:00am
Pakistan comparison with Afghanistan unfair: Gilani

Pakistan comparison with Afghanistan unfair: Gilani

Prime Minister Yusuf Raza Gilani on Tuesday said it was "unfair" of US President Barrack Obama to compare Pakistan with Afghanistan during unveiling a new policy for both the countries. Talking to media after opening the Pakistan Institute of Development
Published 01 Apr, 2009 12:00am
PTA protests illegal act of factory

PTA protests illegal act of factory

Chairman PTA (S.Z) Sh M Afzal Hussain protested against illegal and unauthorised act of garments factory no Plot 26, Sector 23, KIA, to get water from Sector 7/A, KIA which is the largest cluster of leather Sector in Pakistan and contributing millions of
Published 01 Apr, 2009 12:00am
Mangla hydel power units resume production

Mangla hydel power units resume production

The closed Mangla hydel power generation units resumed production of 250 megawatt, much needed electricity after Indus River System Authority (Irsa) released 25,000 cusecs water from the Mangla Dam on Tuesday. Director General, Pakistan Electric Power Com
Published 01 Apr, 2009 12:00am
Security lapses, who is to blame

Security lapses, who is to blame

The brazen and audacious terrorist attack on a police academy in Lahore suburbs on Monday morning, resulting in deaths (variously reported between 12 and 22, including the three terrorists who blew themselves up) and injuries to more than 100, follows the
Published 01 Apr, 2009 12:00am
Security lapses, who is to blame

Security lapses, who is to blame

The brazen and audacious terrorist attack on a police academy in Lahore suburbs on Monday morning, resulting in deaths (variously reported between 12 and 22, including the three terrorists who blew themselves up) and injuries to more than 100, follows the
Published 01 Apr, 2009 12:00am
Sindh government stops wheat movement to other provinces

Sindh government stops wheat movement to other provinces

The Sindh government is in no mood, against the directive of the Ministry of Food and Agriculture (Minfa), to allow movement of wheat to other provinces. Sources said that the provincial government would not impose a ban on inter-district wheat movement w
Published 01 Apr, 2009 12:00am
FBR starts direct debit facility for e-filers

FBR starts direct debit facility for e-filers

Over 150 companies and business entities are availing the facility of "direct debit" for electronic deposit of taxes at their doorsteps instead of physical visits to bank branch, to avoid inconvenience of long queues.
Published 01 Apr, 2009 12:00am
Major reshuffle in Punjab bureaucracy

Major reshuffle in Punjab bureaucracy

As Shahbaz Sharif took charge of the office of Punjab Chief Minister following a Supreme Court verdict on Tuesday, a major reshuffle in provincial bureaucracy took place. Members of Shahbaz Sharif administration team during his short stint as Chief Minist
Published 01 Apr, 2009 12:00am
Copper posts strongest quarter gain since 2006

Copper posts strongest quarter gain since 2006

Copper rose as much as 4 percent on Tuesday, notching its largest quarterly gain since 2006 as rallying equities and Chinese stockpiling soothed concerns about the economy and demand. Copper for three-months delivery on the London Metal Exchange closed at
Published 01 Apr, 2009 12:00am
Oil prices up three percent

Oil prices up three percent

Oil prices rose 3 percent on Tuesday tracking Wall Street higher despite gloomy economic data and swelling crude inventories in the United States. US crude rose $1.49 to settle at $49.90 a barrel, reversing direction after Mondays 7 percent slide. London
Published 01 Apr, 2009 12:00am
London sugar, cocoa surge in first quarter

London sugar, cocoa surge in first quarter

London white sugar futures powered higher to end the first quarter up 23.5 percent from the end of 2008 and cocoa surged 7.9 percent in the first three months. London robusta coffee futures edged up 0.6 percent in the first quarter from the last trading d
Published 01 Apr, 2009 12:00am
Gold stays firm in London trade

Gold stays firm in London trade

Gold prices held firm on Tuesday, but easing worries about financial markets, a stock market rally and a stronger dollar were expected to undermine sentiment ahead of a meeting of G20 leaders. Also weighing on sentiment was news that India, the worlds lar
Published 01 Apr, 2009 12:00am
US MIDDAY: sugar springs up

US MIDDAY: sugar springs up

Raw sugar futures on ICE Futures US at 1208 GMT. May raw sugar contract climbed 0.14 cent to 12.63 cents per lb. Dealing from 12.50 to 12.72 cents. Volume at 6,352 lots.
Published 01 Apr, 2009 12:00am
US MIDDAY: coffee and cocoa climb

US MIDDAY: coffee and cocoa climb

Arabica coffee futures rose on Tuesday after the previous sessions losses as strong market fundamentals helped, and cocoa contracts also climbed because of a lower dollar, traders said. Arabica coffee for May delivery rose 1.45 cent, or 1.3 percent, to $1
Published 01 Apr, 2009 12:00am
US MIDDAY: wheat rises

US MIDDAY: wheat rises

US wheat futures rose at the open on Tuesday on spillover support from sharp rally in soybean futures, traders said. At 9:32 am CDT (1432 GMT), the Chicago Board of Trade May soft red winter wheat futures contract was up 9 cents at $5.21-1/2 a bushel.
Published 01 Apr, 2009 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures rallied more than 4 percent in early business on Tuesday, as a weaker dollar and general strength in the broader markets enabled prices to recover from the previous sessions sharp sell-off. Copper for May delivery was trading up 5.90 cen
Published 01 Apr, 2009 12:00am
US MIDDAY: soya rallies

US MIDDAY: soya rallies

Chicago Board of Trade soyabeans rallied early Tuesday, led by new-crop November on USDAs lower-than-expected US plantings forecast, traders said. November soya was up 40 cents at $8.82 a bushel early and new-crop December corn followed, rising 5-1/4 cent
Published 01 Apr, 2009 12:00am
US MIDDAY: gold rebounds

US MIDDAY: gold rebounds

US gold futures edged up on Tuesday as the dollar weakened, recovering from the previous sessions losses, but declining crude oil and commodities prices could still pressure bullion in the near term. Gold for June delivery climbed $2.20 to $919.90 an ounc
Published 01 Apr, 2009 12:00am
Justice Memon of SHC retires

Justice Memon of SHC retires

Justice Azizullah M. Memon of Sindh High Court (SHC) retired here on Tuesday after reaching superannuation. A farewell lunch was hosted in his honour by the brother judges on Tuesday. During his tenure as judge, he remained District and Sessions Judge and
Published 01 Apr, 2009 12:00am
Five of family gunned down in Kharian

Five of family gunned down in Kharian

Five persons of a family, including four women, were murdered around mid-night on Tuesday in the area of union council Langrial in Tehsil Kharian, some 40 kilometres from here. According to a family source, those killed were identified as Sajid Abbas, his
Published 01 Apr, 2009 12:00am
PCGA elects chairman

PCGA elects chairman

Rana Abdul Sattar, has been elected as Chairman of Pakistan Cotton Ginners Association (PCGA) unopposed for the year 2009-10. While Aman-ullah Qureshi and Ashraf-ul-Islam have been elected as vice presidents of Northern and Southern zones respectively.
Published 01 Apr, 2009 12:00am
Martyred Mohiuddins Namaz-e-Janaza offered

Martyred Mohiuddins Namaz-e-Janaza offered

The Namaz-e-Janaza of a Policeman, Ghulam Mohiuddin was offered in village Hajipur (Rahimyarkhan) on Tuesday morning who yesterday was martyred along with seven others in Munawan police centre, Funeral prayer of another seven offered in Lahore on Tuesday.
Published 01 Apr, 2009 12:00am
Dawat-e-Islami congregation begins on April 2

Dawat-e-Islami congregation begins on April 2

The two-day congregation of Dawat-e-Islami (DI) will start here on April 2. A spokesman of Dawat-e-Islami, Qari Muhammad Sajjad Attari, said the congregation would take place at Shabbir stadium. He said Muslim scholars and preachers from all over the coun
Published 01 Apr, 2009 12:00am
Adil Siddiqi warns of public protest against KESC

Adil Siddiqi warns of public protest against KESC

Provincial Minister for Public Health Engineering, Mohammed Adil Siddiqi Tuesday asked KESC to mend its direction and not to test the patience of Karachiites any more. In a statement Tuesday the Minister said that people have been plunged into great miser
Published 01 Apr, 2009 12:00am
Fazal asks Nawaz to look into London declaration

Fazal asks Nawaz to look into London declaration

Chief of the JUI Maulana Fazlur Rehman has said that he had asked Nawaz Sharif to work for implementation of London declaration signed during All Parties Conference (APC) instead of Charter of Democracy. Talking to mediamen at Thehri district Khairpur on
Published 01 Apr, 2009 12:00am
Pakistan and China to cooperate in setting up automotive industry

Pakistan and China to cooperate in setting up automotive industry

An automotive assembly plant would be set up in Punjab with the help of a Chinese company at a cost of 30 million dollars. Agreement to this effect was signed in Chinese city, Mianyang, between Commerce and Sourcing House (CASH) a Pakistani company regist
Published 01 Apr, 2009 12:00am
Government laying emphasis on technical education

Government laying emphasis on technical education

The government is laying emphasis on the promotion of technical education, this was stated by Sindh Minister for Industries, Abdul Rauf Siddiqui. He was speaking as the chief guest at a function organised by Sindh Board of Technical Education (SBTE) in co
Published 01 Apr, 2009 12:00am
Police ill-equipped to deal with terror: analysts

Police ill-equipped to deal with terror: analysts

A spectacular commando-style assault on a police training school and a wave of suicide attacks have exposed a cash-strapped force woefully incapable of fighting insurgents, experts say. Most officers are ill trained, poorly educated and badly paid. A regu
Published 01 Apr, 2009 12:00am
Chances of rain

Chances of rain

The Met office has forecast a partly cloudy weather with chances of light rain in the metropolis for next 24 hours. The minimum temperature is expected to remain between 22 to 24 degrees celsius.
Published 01 Apr, 2009 12:00am
Security on high alert in NWFP

Security on high alert in NWFP

The security has been put on high alert due to unstable law and order situation in NWFP with high numbered patrols from Frontier Corps and police officials. The spokesman of NWFP police informed newsmen here on Tuesday that Inspector General Police has is
Published 01 Apr, 2009 12:00am
Pillion riding ban: SHC issues notice to Home Secretary

Pillion riding ban: SHC issues notice to Home Secretary

A division bench of High Court of Sindh (SHC) comprising Justice Gulzar Ahmed and Justice Malik Muhammad Aqil, on Tuesday issued notice to the Home Secretary Sindh for April 10 in a petition filed by Human Rights Network, a local NGO. Intikhab Alam Soori,
Published 01 Apr, 2009 12:00am
APL condemns terrorist attacks in Lahore, Jamrud

APL condemns terrorist attacks in Lahore, Jamrud

Association of Pakistani Lawyers (APL) - a body of Pakistani origin lawyers, solicitors, barristers, judges in UK - has jointly condemned the terrorist attacks at Lahore Police Training School and earlier a suicidal attack in a mosque in Jamrud during Fri
Published 01 Apr, 2009 12:00am
Fresh review sought in Farah Dogar case

Fresh review sought in Farah Dogar case

A plea seeking review of single-judge bench decision of January 16 over award of additional marks to Farah Hameed Dogar was filed here on Tuesday at the Islamabad High Court. The writ requesting review of the decision was filed by the Mohammad Iftikhar Hu
Published 01 Apr, 2009 12:00am
Dangerous billboards

Dangerous billboards

At present in Karachi one giant screen has been installed at the crossing of Jinnah Hospital, Shahrahe Faisal near Regent Plaza Hotel, Karachi which creates lots of disturbances on the road. The lights of the billboard is very bright which gives trouble t
Published 01 Apr, 2009 12:00am
Matrix of economics

Matrix of economics

Economics has been described as the study of the production and distribution of goods and services, which are scarce in relation to needs. How should we describe our economy? Is our economy is that we take IMF loans, spend the same recklessly and make the
Published 01 Apr, 2009 12:00am
Urge to hold gold is global

Urge to hold gold is global

In the heart of Vienna in a Biedermeier building commissioned by Emperor Franz I, a man wearing a khaki uniform and beret exchanges a wad of euro notes across the counter for a few sparkling gold coins. Guenther Fuchssteiner, 59, is a military doctor who
Published 01 Apr, 2009 12:00am