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Print - 2009-04-07
Italy quake kills 150, devastates medieval town

Italy quake kills 150, devastates medieval town

A violent earthquake rocked central Italy on Monday killing at least 150 people, injuring 1,500 and devastating a walled medieval town where buildings and homes were reduced to rubble. More than 1,700 rescuers scrambled in driving rain to find victims tra
Published 07 Apr, 2009 12:00am
Malaysian tin drops

Malaysian tin drops

Malaysian tin prices slipped on Monday as a supply build-up offset the rising London Metal Exchange market, one dealer said.
Published 07 Apr, 2009 12:00am
Justice Bilal submits reply to SJC

Justice Bilal submits reply to SJC

Chief Justice M Bilal Khan of Islamabad High Court (IHC) on Monday submitted his reply to the Supreme Judicial Council (SJC) to the allegations levelled against him about his alleged links with underworld mafia. Prior to his elevation as Chief Justice of
Published 07 Apr, 2009 12:00am
Russian grain prices little changed

Russian grain prices little changed

Most Russian grain prices were little changed last week from the previous one in lacklustre market trading, analysts said on Monday. Government purchases totalled 182,520 tonnes last week, just about a third of the 534,192 tonnes the government bought a w
Published 07 Apr, 2009 12:00am
Citigroup makes new executive changes

Citigroup makes new executive changes

Citigroup, the government-rescued US banking giant, said Monday it had confirmed Mike Corbat as chief executive of Citi Holdings, a new unit holding relatively risky assets, as part of fresh executive changes. It also said that Eric Aboaf, most recently c
Published 07 Apr, 2009 12:00am
Soya ends at two-month high

Soya ends at two-month high

Chicago soya and wheat futures gained on Monday, with soyabeans rising above $10 a bushel for the first time in nearly 2 months on crop-threatening US cold and hopes the end of the worst global recession is in sight. Analysts said hopes of steady Chinese
Published 07 Apr, 2009 12:00am
Citigroup makes new executive changes

Citigroup makes new executive changes

Citigroup, the government-rescued US banking giant, said Monday it had confirmed Mike Corbat as chief executive of Citi Holdings, a new unit holding relatively risky assets, as part of fresh executive changes. It also said that Eric Aboaf, most recently c
Published 07 Apr, 2009 12:00am
Tokyo rubber futures rise

Tokyo rubber futures rise

Key Tokyo rubber futures rose 1.5 percent on Monday to their highest level in nearly four months, supported by firmer oil prices and a weaker yen, but traders remained wary of emerging optimism over the global economy. While German car sales jumped last m
Published 07 Apr, 2009 12:00am
Citigroup makes new executive changes

Citigroup makes new executive changes

Citigroup, the government-rescued US banking giant, said Monday it had confirmed Mike Corbat as chief executive of Citi Holdings, a new unit holding relatively risky assets, as part of fresh executive changes. It also said that Eric Aboaf, most recently c
Published 07 Apr, 2009 12:00am
Oil gains in Asia

Oil gains in Asia

US crude oil futures on Monday gained more than $1 from the previous close as weak US jobs data did little to dampen investors improved appetite for risk and their expectation of a global economic recovery. US light crude for May delivery was up $1.08 at
Published 07 Apr, 2009 12:00am
Indonesian cocoa exports down

Indonesian cocoa exports down

Cocoa bean exports from Indonesias main producing island of Sulawesi 2.2 percent to 45,483 tonnes in the first three months of 2009 compared with the same period last year, trade data showed on Monday. In March alone, exports dropped 23 percent to 11,648
Published 07 Apr, 2009 12:00am
Gold prices slip in Asia

Gold prices slip in Asia

Gold prices fell more than 1 percent to below $880 on Monday, a near 2-1/2 month low, as rising Asian stocks and dollar strength against the yen signalled reduced risk aversion among investors who hope the worst is over for the United States economy.
Published 07 Apr, 2009 12:00am
London copper extends gain

London copper extends gain

London Metal Exchange copper prices rose more than 2 percent on Monday, extending the previous sessions 3.3 percent rally on positive technical sentiment and hopes of economic recovery in China. Chinese markets are closed for a national holiday on Monday,
Published 07 Apr, 2009 12:00am
Wheat crop yield up in Sindh

Wheat crop yield up in Sindh

The yield of wheat crop per acre has increased by 5-7 percent in Sindh as compared to last years statistics, while according to US estimates, wheat production in Pakistan would be more than 24 million tons, Shahid Hussain, Additional Secretary of Minfa to
Published 07 Apr, 2009 12:00am
Indonesia may lower threshold for palm oil tax

Indonesia may lower threshold for palm oil tax

Indonesia may lower the threshold price for taxing crude palm oil exports from $700 per tonne in order to discourage exports of the commodity and ensure adequate domestic supplies, an official said on Monday. There is a possibility that we may impose tax
Published 07 Apr, 2009 12:00am
Wheat crop yield up in Sindh

Wheat crop yield up in Sindh

The yield of wheat crop per acre has increased by 5-7 percent in Sindh as compared to last years statistics, while according to US estimates, wheat production in Pakistan would be more than 24 million tons, Shahid Hussain, Additional Secretary of Minfa to
Published 07 Apr, 2009 12:00am
US Midwest corn bids mixed, soyabeans mostly flat

US Midwest corn bids mixed, soyabeans mostly flat

Spot basis bids for corn were mixed at processors and elevators around the US Midwest Monday while soyabean bids were mostly unchanged, grain dealers said. Some farmers were booking light sales of both commodities as a rally during Asian trading hours pus
Published 07 Apr, 2009 12:00am
Wheat crop yield up in Sindh

Wheat crop yield up in Sindh

The yield of wheat crop per acre has increased by 5-7 percent in Sindh as compared to last years statistics, while according to US estimates, wheat production in Pakistan would be more than 24 million tons, Shahid Hussain, Additional Secretary of Minfa to
Published 07 Apr, 2009 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot basis bids for hard red winter wheat in the US Plains were steady on Monday, with farmers and merchants both eyeing freezing temperatures and potential damage to the new HRW wheat crop. Freezing temperatures Monday morning and forecast for Monday nig
Published 07 Apr, 2009 12:00am
Japan Prime Minister orders $100 billion economic stimulus

Japan Prime Minister orders $100 billion economic stimulus

Japanese Prime Minister Taro Aso on Monday ordered fresh stimulus spending of at least 100 billion dollars to rescue Asias biggest economy from its worst slump since World War II. It would be Japans biggest ever supplementary budget, highlighting mounting
Published 07 Apr, 2009 12:00am
Indonesias Sulawesi January-March cocoa exports down

Indonesias Sulawesi January-March cocoa exports down

Cocoa bean exports from Indonesias main producing island of Sulawesi 2.2 percent to 45,483 tonnes in the first three months of 2009 compared with the same period last year, trade data showed on Monday. In March alone, exports dropped 23 percent to 11,648
Published 07 Apr, 2009 12:00am
Japan Prime Minister orders $100 billion economic stimulus

Japan Prime Minister orders $100 billion economic stimulus

Japanese Prime Minister Taro Aso on Monday ordered fresh stimulus spending of at least 100 billion dollars to rescue Asias biggest economy from its worst slump since World War II. It would be Japans biggest ever supplementary budget, highlighting mounting
Published 07 Apr, 2009 12:00am
Indias gold demand revives

Indias gold demand revives

Indias demand for gold has revived, with the country importing small amounts for the first time in two months, and is seen strengthening with a festival falling at the end of April, dealers and traders said on Monday. Indias demand for gold revived when g
Published 07 Apr, 2009 12:00am
Japan Prime Minister orders $100 billion economic stimulus

Japan Prime Minister orders $100 billion economic stimulus

Japanese Prime Minister Taro Aso on Monday ordered fresh stimulus spending of at least 100 billion dollars to rescue Asias biggest economy from its worst slump since World War II. It would be Japans biggest ever supplementary budget, highlighting mounting
Published 07 Apr, 2009 12:00am
UK organic food sales stabilise after fourth quarter slide

UK organic food sales stabilise after fourth quarter slide

Sales of organic food in the UK have stabilised after falling sharply in the last quarter of 2008 when concern about recession led consumers to cut back purchases, the Soil Association said on Monday.
Published 07 Apr, 2009 12:00am
Bodies of four aid workers found

Bodies of four aid workers found

Police on Monday found the bullet-riddled bodies of four local aid workers in a forest in north-west Pakistan, police said. The bodies of three women and a man were found dumped in the Kund forest, near the mountainous town of Shinkiari, 70 kilometres nor
Published 07 Apr, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 277,764 tonnes of cargo including 204,704 tonnes of import and 73,060 tonnes of export, 5,823 loaded and empty containers (TEUs) during last 48 hours ending at 0700 hours on Monday.
Published 07 Apr, 2009 12:00am
Bodies of four aid workers found

Bodies of four aid workers found

Police on Monday found the bullet-riddled bodies of four local aid workers in a forest in north-west Pakistan, police said. The bodies of three women and a man were found dumped in the Kund forest, near the mountainous town of Shinkiari, 70 kilometres nor
Published 07 Apr, 2009 12:00am
Lums womens football tourney starts today

Lums womens football tourney starts today

Model Town Womens Football Club (MTWFC) will make debut in domestic women soccer when Lums Womens Football Championship 2009 will get underway from 7th-11th April 2009 under flood-lit. The attraction of the event is inclusion of Punjab Universitys Sports
Published 07 Apr, 2009 12:00am
US relieved as official freed in Pakistan

US relieved as official freed in Pakistan

The United States voiced relief on Monday after an American official working for the United Nations was released unharmed in Pakistan following two months in captivity. John Solecki, the local head of the UN refugee agency, was freed on Sunday and was on
Published 07 Apr, 2009 12:00am
Pakistan win over Brunei in AFC Challenge Cup qualifier

Pakistan win over Brunei in AFC Challenge Cup qualifier

Dir-born Safiullah Khan, who returned to international arena after a lapse of three years, struck four times, as Pakistan whipped past Brunei Darussalam 6-0 in their second match of AFC Challenge Cup Qualifiers (Group-D) on Monday at Sugathadasa Stadium i
Published 07 Apr, 2009 12:00am
US relieved as official freed in Pakistan

US relieved as official freed in Pakistan

The United States voiced relief on Monday after an American official working for the United Nations was released unharmed in Pakistan following two months in captivity. John Solecki, the local head of the UN refugee agency, was freed on Sunday and was on
Published 07 Apr, 2009 12:00am
Strauss left out of England Twenty20 squad

Strauss left out of England Twenty20 squad

Test and one-day captain Andrew Strauss was omitted from the provisional 30-man England squad announced here Monday for the ICC World Twenty20 in June. Middlesex opening batsman Strauss does not feel his game is suited to the Twenty20 format, where he has
Published 07 Apr, 2009 12:00am
Zardari seeks close relation with Egypt to eradicate extremism

Zardari seeks close relation with Egypt to eradicate extremism

President Asif Ali Zardari has said that Pakistan and Egypt needed to cooperate more closely in eradication of militancy and extremism. He stated this while talking to Magdy Mahmoud Helmyamer, ambassador of Egypt, who called on him at presidency on Monday
Published 07 Apr, 2009 12:00am
Shoaib Akhtar returns for Australia series

Shoaib Akhtar returns for Australia series

Fast bowler Shoaib Akhtar has recovered fully from a knee injury to win a place in Pakistans 15-man squad for this months series against Australia announced in Karachi on Monday. The 33-year-old paceman was ruled out of last months Test series against Sri
Published 07 Apr, 2009 12:00am
Prime Minister asks all stakeholders to map out anti-terror strategy

Prime Minister asks all stakeholders to map out anti-terror strategy

Prime Minister Syed Yousuf Raza Gilani on Monday called for devising a comprehensive and integrated strategy by all stakeholders to eradicate the growing menace of terrorism that threatens the very foundation of the country. The Prime Minister was chairin
Published 07 Apr, 2009 12:00am
Banned trio in T20 World Cup squad

Banned trio in T20 World Cup squad

Pakistan have included three players in their preliminary squad for the Twenty20 World Cup that are banned from the national team because of their contracts with the rebel Indian Cricket League (ICL). Abdul Razzaq, Rana Naved and Imran Nazir were named in
Published 07 Apr, 2009 12:00am
Three more oil exploration licenses granted

Three more oil exploration licenses granted

The government here on Monday granted three Petroleum Exploration Licenses of joint ventures to M/s Paige Limited and RDC International (Pvt) Limited, M/s Nativus Resources Limited and RDC International (Pvt) Limited, and M/s RDC International (Pvt) Limit
Published 07 Apr, 2009 12:00am
Ijazs bail plea rejected

Ijazs bail plea rejected

A Pakistani magistrate has again rejected an appeal for bail from former batsman Ijaz Ahmed, remanded in custody for two weeks over forgery charges, a lawyer said Monday. The 40-year-old was on Friday remanded for 15 days, accused of giving false cheques
Published 07 Apr, 2009 12:00am
Prime Minister asks all stakeholders to map out anti-terror strategy

Prime Minister asks all stakeholders to map out anti-terror strategy

Prime Minister Syed Yousuf Raza Gilani on Monday called for devising a comprehensive and integrated strategy by all stakeholders to eradicate the growing menace of terrorism that threatens the very foundation of the country. The Prime Minister was chairin
Published 07 Apr, 2009 12:00am
India close in on New Zealand series win

India close in on New Zealand series win

India were on the brink of their first series win in New Zealand since 1968 after the hosts lost four second-innings wickets still needing 450 runs for victory in the third Test here Monday. New Zealand were struggling at 167 for four when bad light stopp
Published 07 Apr, 2009 12:00am
Daylight power saving may be approved by Cabinet

Daylight power saving may be approved by Cabinet

To deal with power shortfall of nearly 4000 MW in the coming months, the Cabinet, in its meeting on Wednesday, is likely to approve advancement of clocks by one hour for six months ie till October 31, 2009, sources close to Additional Secretary, Water and
Published 07 Apr, 2009 12:00am
Kaka to join Real in 60 million euro deal

Kaka to join Real in 60 million euro deal

Florentino Perez, the favourite to win June elections for Real Madrid president, has reached an agreement with AC Milan to sign Brazilian star Kaka, a newspaper reported Monday. Real will pay 60 million euros (80 million dollars) for the midfielder under
Published 07 Apr, 2009 12:00am
Daylight power saving may be approved by Cabinet

Daylight power saving may be approved by Cabinet

To deal with power shortfall of nearly 4000 MW in the coming months, the Cabinet, in its meeting on Wednesday, is likely to approve advancement of clocks by one hour for six months ie till October 31, 2009, sources close to Additional Secretary, Water and
Published 07 Apr, 2009 12:00am
Murray wins Miami Masters title

Murray wins Miami Masters title

Britains Andy Murray beat Serbias Novak Djokovic 6-2, 7-5 on Sunday to win the Miami Masters and clinch his third title of the year. The world number four wrapped up victory after reeling off the last five games of the second set having seen Djokovic, the
Published 07 Apr, 2009 12:00am
Daylight power saving may be approved by Cabinet

Daylight power saving may be approved by Cabinet

To deal with power shortfall of nearly 4000 MW in the coming months, the Cabinet, in its meeting on Wednesday, is likely to approve advancement of clocks by one hour for six months ie till October 31, 2009, sources close to Additional Secretary, Water and
Published 07 Apr, 2009 12:00am
Message from Minister for Water and Power

Message from Minister for Water and Power

I offer felicitations to Attock Group of Companies on the inauguration Ceremony of Attock Gen Limited. The successful and timely completion of 165 MW Power Plant of Attock Gen Limited by Attock Group of Companies at an estimated cost of US $160 Million to
Published 07 Apr, 2009 12:00am
Ogra told to determine LPG prices

Ogra told to determine LPG prices

The government has directed the Oil and Gas Regulatory Authority (Ogra) to determine the price liquefied petroleum gas (LPG), keeping in view its import parity price. The government has set the benchmark of Saudi Aramco Contract Price (CP) and it will tak
Published 07 Apr, 2009 12:00am
Message from Prime Minister Islamic Republic of Pakistan

Message from Prime Minister Islamic Republic of Pakistan

Let me join in felicitating the Attock Group of Companies for this venture in the field of power generation which is one of the key goals of the preset government. This inauguration ceremony of 165 MW Attock Gen Limited (AGL) power generation plant is a m
Published 07 Apr, 2009 12:00am
Import of gas from Iran may also be okayed

Import of gas from Iran may also be okayed

The Cabinet is likely to approve import of 500-750 mmcfd gas from Iran at the rate of 80 percent of crude oil price, in its meeting scheduled for Wednesday (April 8). Sources told Business Recorder that the Petroleum Ministry will move a summary to
Published 07 Apr, 2009 12:00am
Message from President Islamic Republic of Pakistan

Message from President Islamic Republic of Pakistan

I wish to congratulate the Attock Group of Companies on the inauguration of 165 MW Attock Gen Limited, the first Independent Power Producer (IPP) to be commissioned after gap of over 9 years. Pakistan is an energy deficit country facing a serious power cr
Published 07 Apr, 2009 12:00am
Import of gas from Iran may also be okayed

Import of gas from Iran may also be okayed

The Cabinet is likely to approve import of 500-750 mmcfd gas from Iran at the rate of 80 percent of crude oil price, in its meeting scheduled for Wednesday (April 8). Sources told Business Recorder that the Petroleum Ministry will move a summary to
Published 07 Apr, 2009 12:00am
Message from Chairman Attock Group of Companies

Message from Chairman Attock Group of Companies

I wish to extend my heartiest congratulations to the management and staff of Attock Gen Limited and of the Attock Group of Companies on the inauguration ceremony Attock Gen Limited (AGL), the first venture of the Group in the field of power generation.
Published 07 Apr, 2009 12:00am
Import of gas from Iran may also be okayed

Import of gas from Iran may also be okayed

The Cabinet is likely to approve import of 500-750 mmcfd gas from Iran at the rate of 80 percent of crude oil price, in its meeting scheduled for Wednesday (April 8). Sources told Business Recorder that the Petroleum Ministry will move a summary to
Published 07 Apr, 2009 12:00am
Message from Managing Director, (PPIB)

Message from Managing Director, (PPIB)

I congratulate the Attock Group of Companies on this auspicious occasion to inaugurate their 165 MW Attock Gen Limited (AGL) power plant.
Published 07 Apr, 2009 12:00am
Ogra told to determine LPG prices

Ogra told to determine LPG prices

The government has directed the Oil and Gas Regulatory Authority (Ogra) to determine the price liquefied petroleum gas (LPG), keeping in view its import parity price. The government has set the benchmark of Saudi Aramco Contract Price (CP) and it will tak
Published 07 Apr, 2009 12:00am
Message from Federal Secretary, Ministry of Water and Power

Message from Federal Secretary, Ministry of Water and Power

It is indeed a matter of great pleasure for me that Attock Group of Companies has commissioned 165 MW Power Plant of Attock Gen Limited (AGL) a project of foremost national importance. The development of Power Sector is on the top of the agenda of the pre
Published 07 Apr, 2009 12:00am
Ogra told to determine LPG prices

Ogra told to determine LPG prices

The government has directed the Oil and Gas Regulatory Authority (Ogra) to determine the price liquefied petroleum gas (LPG), keeping in view its import parity price. The government has set the benchmark of Saudi Aramco Contract Price (CP) and it will tak
Published 07 Apr, 2009 12:00am
Attock Gen Limited (AGL) - 165 MW Power plant

Attock Gen Limited (AGL) - 165 MW Power plant

Mobilising and generating affordable and environment-friendly energy resources is one of the key challenges for any nation in todays world. Today the top priority for Pakistan is Energy and Power Generation. Presently, out of around 162 million population
Published 07 Apr, 2009 12:00am
China allows HBL trade/remittance settlements facility

China allows HBL trade/remittance settlements facility

The central bank of China has allowed Habib Bank(HBL) trade/remittance settlements in Chinese currency (RMB), according to banking sources here. "Peoples Bank of China has granted permission to HBL of Pakistan to open its RMB account and facilitate trade/
Published 07 Apr, 2009 12:00am
China allows HBL trade/remittance settlements facility

China allows HBL trade/remittance settlements facility

The central bank of China has allowed Habib Bank(HBL) trade/remittance settlements in Chinese currency (RMB), according to banking sources here. "Peoples Bank of China has granted permission to HBL of Pakistan to open its RMB account and facilitate trade/
Published 07 Apr, 2009 12:00am
China allows HBL trade/remittance settlements facility

China allows HBL trade/remittance settlements facility

The central bank of China has allowed Habib Bank(HBL) trade/remittance settlements in Chinese currency (RMB), according to banking sources here. "Peoples Bank of China has granted permission to HBL of Pakistan to open its RMB account and facilitate trade/
Published 07 Apr, 2009 12:00am
SECP, FBR lock horns over income tax issue

SECP, FBR lock horns over income tax issue

The Securities and Exchanges Commission of Pakistan (SECP) and Federal Board of Revenue (FBR) are still locked horns over the issue of income tax of about Rs one billion not paid by the former due to reasons which are in dispute, sources told Business
Published 07 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 07 Apr, 2009 12:00am
BRIndex30 up 88.13 points

BRIndex30 up 88.13 points

On Monday, the BRIndex30 opened at 6,969.63 with a downward gap of 71.16 points. It closed at 7,128.92 with a net positive change of 88.13 points, or 1.25 percent. It experienced intra-day high of 7,170.40 and low of 6,901.98 points, respectively. The vol
Published 07 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 07 Apr, 2009 12:00am
BRIndex30 up 88.13 points

BRIndex30 up 88.13 points

On Monday, the BRIndex30 opened at 6,969.63 with a downward gap of 71.16 points. It closed at 7,128.92 with a net positive change of 88.13 points, or 1.25 percent. It experienced intra-day high of 7,170.40 and low of 6,901.98 points, respectively. The vol
Published 07 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 Monday (April 06, 2009).

Published 07 Apr, 2009 12:00am
Index gains 86 points

Index gains 86 points

The upward trend continued at Karachi share market on Monday and the benchmark KSE-100 index gained 86.05 points to close at 7,518.93 points level on the back of fresh foreign inflows and the countrys improving macro economic indicators.
Published 07 Apr, 2009 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 Monday (April 06, 2009).

Published 07 Apr, 2009 12:00am
Index gains 86 points

Index gains 86 points

The upward trend continued at Karachi share market on Monday and the benchmark KSE-100 index gained 86.05 points to close at 7,518.93 points level on the back of fresh foreign inflows and the countrys improving macro economic indicators.
Published 07 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 Monday (April 06, 2009).

Published 07 Apr, 2009 12:00am
Index gains 86 points

Index gains 86 points

The upward trend continued at Karachi share market on Monday and the benchmark KSE-100 index gained 86.05 points to close at 7,518.93 points level on the back of fresh foreign inflows and the countrys improving macro economic indicators.
Published 07 Apr, 2009 12:00am
SECP, FBR lock horns over income tax issue

SECP, FBR lock horns over income tax issue

The Securities and Exchanges Commission of Pakistan (SECP) and Federal Board of Revenue (FBR) are still locked horns over the issue of income tax of about Rs one billion not paid by the former due to reasons which are in dispute, sources told Business
Published 07 Apr, 2009 12:00am
SECP, FBR lock horns over income tax issue

SECP, FBR lock horns over income tax issue

The Securities and Exchanges Commission of Pakistan (SECP) and Federal Board of Revenue (FBR) are still locked horns over the issue of income tax of about Rs one billion not paid by the former due to reasons which are in dispute, sources told Business
Published 07 Apr, 2009 12:00am
Decision on phasing out CFS Mk-II in a day or two: SECP

Decision on phasing out CFS Mk-II in a day or two: SECP

The Securities and Exchange Commission of Pakistan (SECP) is likely to announce its decision regarding phasing out existing CFS Mk-II and to introduce new products in one or two days. The SECP has almost reviewed the recommendations sent by the CFS Mk-II
Published 07 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 Monday (April 06, 2009).

Published 07 Apr, 2009 12:00am
Decision on phasing out CFS Mk-II in a day or two: SECP

Decision on phasing out CFS Mk-II in a day or two: SECP

The Securities and Exchange Commission of Pakistan (SECP) is likely to announce its decision regarding phasing out existing CFS Mk-II and to introduce new products in one or two days. The SECP has almost reviewed the recommendations sent by the CFS Mk-II
Published 07 Apr, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (April 06, 2009).
Published 07 Apr, 2009 12:00am
Decision on phasing out CFS Mk-II in a day or two: SECP

Decision on phasing out CFS Mk-II in a day or two: SECP

The Securities and Exchange Commission of Pakistan (SECP) is likely to announce its decision regarding phasing out existing CFS Mk-II and to introduce new products in one or two days. The SECP has almost reviewed the recommendations sent by the CFS Mk-II
Published 07 Apr, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (April 06, 2009).

Published 07 Apr, 2009 12:00am
SECP, FBR lock horns over income tax issue

SECP, FBR lock horns over income tax issue

The Securities and Exchanges Commission of Pakistan (SECP) and Federal Board of Revenue (FBR) are still locked horns over the issue of income tax of about Rs one billion not paid by the former due to reasons which are in dispute, sources told Business
Published 07 Apr, 2009 12:00am
ANF, customs to jointly check goods bound for export

ANF, customs to jointly check goods bound for export

Anti-Narcotics Force (ANF) to join hands with Pakistan Customs in checking export bound goods through introducing one-window operation and avoiding unnecessary checking by the force. The assurance was given during a meeting of All Pakistan Commercial Expo
Published 07 Apr, 2009 12:00am
LSE index gains 19.03 points

LSE index gains 19.03 points

Despite profit taking, bullish sentiments dominated on the Lahore Stock Exchange on Monday where equities registered gains across the board amid increased trading turnover on account of investors interest that remained intact throughout the day.
Published 07 Apr, 2009 12:00am
LSE index gains 19.03 points

LSE index gains 19.03 points

Despite profit taking, bullish sentiments dominated on the Lahore Stock Exchange on Monday where equities registered gains across the board amid increased trading turnover on account of investors interest that remained intact throughout the day.
Published 07 Apr, 2009 12:00am
Holbrooke, Mullen arrive

Holbrooke, Mullen arrive

The United States military commander and its regional trouble-shooter arrived in Islamabad Monday for talks on a new strategy to defeat terror in the nuclear-armed power, Pakistani officials said. Chairman of the Joint Chiefs of Staff, Admiral Mike Mullen
Published 07 Apr, 2009 12:00am
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