News Archives for Print - 2009-04-13 - Business Recorder

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Print - 2009-04-13

Bangladesh faces political storm over former-Prime Ministers home

Bangladesh faces political storm over former-Prime Ministers home

Leaders of Bangladeshs top political parties have warned of tough actions in a dispute over a home of ex-prime minister Begum Khaleda Zia, a controversy analysts say may deal a fresh blow to the countrys stability.

Published 13 Apr, 2009 12:00am

Abbas calls Netanyahu, urges peace moves

Abbas calls Netanyahu, urges peace moves

Palestinian President Mahmoud Abbas on Sunday telephoned Benjamin Netanyahu for the first time since he became Israels prime minister and said they should both advance peace efforts, Israeli officials said. Abbas extended holiday greetings for the Jewish

Published 13 Apr, 2009 12:00am

Bahrain pardons opposition leaders after protests

Bahrain pardons opposition leaders after protests

Bahrains king has pardoned 178 people charged with breaching state security, including two Shia opposition leaders whose arrest sparked violent protests and whose trial has drawn international scrutiny.

Published 13 Apr, 2009 12:00am

ETA incoming Basque government is priority target

ETA incoming Basque government is priority target

The armed Basque separatist group ETA said on Sunday that the north-eastern Spanish regions incoming government, which has promised to crack down on the insurgency, were priority targets for attack.

Published 13 Apr, 2009 12:00am

Painted mummies found in ancient Egypt necropolis

Painted mummies found in ancient Egypt necropolis

Archaeologists working in an Egyptian oasis have found a necropolis containing dozens of brightly painted mummies dating back as far as 4,000 years, the countrys antiquities chief said on Sunday. "The mission found dozens of mummies in 53 rock-hewn tombs

Published 13 Apr, 2009 12:00am

Thousands protest in Moldova over marred election

Thousands protest in Moldova over marred election

About 10,000 people rallied in Moldova Sunday against President Vladimir Voronins "dictatorial" leadership as the constitutional court ordered a recount of disputed legislative elections. It backed a call by Voronin to recount the disputed April 5 electio

Published 13 Apr, 2009 12:00am

Libyan former Prime Minister named new spy chief

Libyan former Prime Minister named new spy chief

A former prime minister in Libya has been named the countrys new spy chief, a newspaper reported on Sunday. Abu Zeid Durda replaces Mussa Kussa, who was appointed foreign minister last month after 15 years as head of the intelligence service, said the Kor

Published 13 Apr, 2009 12:00am

Australian biker war spreads to casino

Australian biker war spreads to casino

Australian police deployed their riot squad early Sunday when a brawl involving bikers erupted at a Sydney casino, in the latest skirmish in a bitter war between rival gangs. Police said up to 20 people, both men and women, used chairs and glasses as weap

Published 13 Apr, 2009 12:00am

Arab foes of US warm to Obama, old allies wary

Arab foes of US warm to Obama, old allies wary

Barack Obamas open-handed approach to the Middle East has won him praise from some Arab leaders viewed by previous US presidents as deadly enemies. "Obama is a flicker of hope amid the imperialist darkness," Muammar Gaddafi told a rally of his supporters

Published 13 Apr, 2009 12:00am

Aaj TV - Mondays schedule

Aaj TV - Mondays schedule

All timings are in PST (Pakistan Standard Time).

Published 13 Apr, 2009 12:00am

Bank: MCB BANK LIMITED - Analysis of Financial Statements Financial Year 2003 - Financial Year 2007

Bank: MCB BANK LIMITED - Analysis of Financial Statements Financial Year 2003 - Financial Year 2007

MCB is among the oldest banks of Pakistan. It was incorporated in 1947. It was among those private banks that were nationalised in 1974. Nationalisation had drastically impacted its performance as it affected the quality of loan portfolio and services. Ev

Published 13 Apr, 2009 12:00am

Bank: MCB BANK LIMITED - Analysis of Financial Statements Financial Year 2003 - Financial Year 2007

Bank: MCB BANK LIMITED - Analysis of Financial Statements Financial Year 2003 - Financial Year 2007

MCB is among the oldest banks of Pakistan. It was incorporated in 1947. It was among those private banks that were nationalised in 1974. Nationalisation had drastically impacted its performance as it affected the quality of loan portfolio and services. Ev

Published 13 Apr, 2009 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2008)

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2008)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 13 Apr, 2009 12:00am

The Weather

The Weather

The weather report on Sunday (April 12, 2009) for Monday (April 13).

Published 13 Apr, 2009 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices.

Published 13 Apr, 2009 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices.

Published 13 Apr, 2009 12:00am

Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 06 to 11 2009).

Published 13 Apr, 2009 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices.

Published 13 Apr, 2009 12:00am

President forwards NAR draft to Prime Minister

President forwards NAR draft to Prime Minister

President Asif Ali Zardari has sent the draft Nizam-e-Adl Regulation (NAR) to Prime Minister Yousuf Raza Gilani with the advice that draft be debated in the Parliament. The step has been taken after the government last week showed a solid commitment to im

Published 13 Apr, 2009 12:00am

President forwards NAR draft to Prime Minister

President forwards NAR draft to Prime Minister

President Asif Ali Zardari has sent the draft Nizam-e-Adl Regulation (NAR) to Prime Minister Yousuf Raza Gilani with the advice that draft be debated in the Parliament. The step has been taken after the government last week showed a solid commitment to im

Published 13 Apr, 2009 12:00am

Japans special representative arrives

Japans special representative arrives

Motohide Yoshikawa, Japans special representative for assistance to Pakistan and Afghanistan, arrived here on Sunday on an official visit a few days ahead of this weeks Friends of Pakistan ministerial meeting and donors conferences in Tokyo.

Published 13 Apr, 2009 12:00am

John Kerry due today

John Kerry due today

US Senate Foreign Relations Committee Chairman Senator John Kerry would arrive in Islamabad on Monday (today) to discuss Pakistans relations with United States with particularly reference to the US aid for Pakistan to defeat the ongoing war on terror.

Published 13 Apr, 2009 12:00am

John Kerry due today

John Kerry due today

US Senate Foreign Relations Committee Chairman Senator John Kerry would arrive in Islamabad on Monday (today) to discuss Pakistans relations with United States with particularly reference to the US aid for Pakistan to defeat the ongoing war on terror.

Published 13 Apr, 2009 12:00am

Kayani meets King Abdullah

Kayani meets King Abdullah

Chief of Army Staff General Ashfaq Parvez Kayani who is on an official visit to Saudi Arabia on Sunday called on King Abdullah Bin Abdul Aziz, said an ISPR news release issued here. During the meeting matters of mutual interest were discussed.

Published 13 Apr, 2009 12:00am

Kayani meets King Abdullah

Kayani meets King Abdullah

Chief of Army Staff General Ashfaq Parvez Kayani who is on an official visit to Saudi Arabia on Sunday called on King Abdullah Bin Abdul Aziz, said an ISPR news release issued here. During the meeting matters of mutual interest were discussed.

Published 13 Apr, 2009 12:00am

Japans special representative arrives

Japans special representative arrives

Motohide Yoshikawa, Japans special representative for assistance to Pakistan and Afghanistan, arrived here on Sunday on an official visit a few days ahead of this weeks Friends of Pakistan ministerial meeting and donors conferences in Tokyo.

Published 13 Apr, 2009 12:00am

CJ LHC, four SC judges appointed: three former Supreme Court judges restored

CJ LHC, four SC judges appointed: three former Supreme Court judges restored

President Asif Ali Zardari on Sunday, on the recommendations of the Chief of Justice of Pakistan, appointed Justice Khawaja Muhammad Sharif, Judge of the Lahore High Court (LHC), as LHC Chief Justice.

Published 13 Apr, 2009 12:00am

Sales tax collectors may not be delegated embargo powers

Sales tax collectors may not be delegated embargo powers

The Federal Board of Revenue (FBR) has refused to delegate "embargo" powers to the collectors of sales tax pertaining to recovery of arrears and unpaid defaulted amounts under the Sales Tax Act, 1990. The FBR has decided that the embargo powers may not be

Published 13 Apr, 2009 12:00am

Budget proposal: time limit may be fixed for ADRC decision

Budget proposal: time limit may be fixed for ADRC decision

The Federal Board of Revenue (FBR) is likely to prescribe a time limit, of one month, in the Finance Act 2009-10, to finalise recommendations of the Alternative Dispute Resolution Committee (ADRC), facilitating the business community. Sources told Busi

Published 13 Apr, 2009 12:00am

Sales tax collectors may not be delegated embargo powers

The Federal Board of Revenue (FBR) has refused to delegate "embargo" powers to the collectors of sales tax pertaining to recovery of arrears and unpaid defaulted amounts under the Sales Tax Act, 1990. The FBR has decided that the embargo powers may not be
Published 13 Apr, 2009 12:00am

Sales tax collectors may not be delegated embargo powers

The Federal Board of Revenue (FBR) has refused to delegate "embargo" powers to the collectors of sales tax pertaining to recovery of arrears and unpaid defaulted amounts under the Sales Tax Act, 1990. The FBR has decided that the embargo powers may not be
Published 13 Apr, 2009 12:00am

Peruvian rebels kill 13 soldiers in brutal ambush

Leftist rebels in Peru have staged one of their deadliest attacks in years, killing 13 soldiers in an ambush of a military patrol in the countrys remote south-east.
Published 13 Apr, 2009 12:00am

Tamil rebels storm Sri Lankan embassy in Norway

A group of Tamil protesters stormed the Sri Lankan embassy in Oslo Sunday, police said, on the fifth day of demonstrations in the Norwegian capital calling for the end of fighting in Sri Lanka. Even Joerstad, an Oslo police superintendent, told AFP that a
Published 13 Apr, 2009 12:00am

Maoists kill two policemen in India ambush

Maoist militants killed two policemen and a civilian in the central Indian state of Chhattisgarh on Sunday, a senior police officer said, as the rebels stepped up violent attacks ahead of a general election.
Published 13 Apr, 2009 12:00am

Share market remains volatile

Karachi share market remained highly volatile during the week ended on April 10, 2009 mainly due to SECP decision to discontinue CFS Mk-II and increase in T-bill yield. However, CPI inflation falling to 11 months low boosted the market on the last trading
Published 13 Apr, 2009 12:00am

Share market remains volatile

Karachi share market remained highly volatile during the week ended on April 10, 2009 mainly due to SECP decision to discontinue CFS Mk-II and increase in T-bill yield. However, CPI inflation falling to 11 months low boosted the market on the last trading
Published 13 Apr, 2009 12:00am

Causes behind stock market bull-run: need stressed for identifying investors categories

In the recent bull-run, in which the Karachi share market jumped by more than 58 percent in a short period of 11 weeks, it was important to know investors category who were buying aggressively at the bourses, analyst said.
Published 13 Apr, 2009 12:00am

Causes behind stock market bull-run: need stressed for identifying investors categories

In the recent bull-run, in which the Karachi share market jumped by more than 58 percent in a short period of 11 weeks, it was important to know investors category who were buying aggressively at the bourses, analyst said.
Published 13 Apr, 2009 12:00am

CJ LHC, four SC judges appointed: three former Supreme Court judges restored

President Asif Ali Zardari on Sunday, on the recommendations of the Chief of Justice of Pakistan, appointed Justice Khawaja Muhammad Sharif, Judge of the Lahore High Court (LHC), as LHC Chief Justice.
Published 13 Apr, 2009 12:00am

Budget proposal: time limit may be fixed for ADRC decision

The Federal Board of Revenue (FBR) is likely to prescribe a time limit, of one month, in the Finance Act 2009-10, to finalise recommendations of the Alternative Dispute Resolution Committee (ADRC), facilitating the business community. Sources told Busi
Published 13 Apr, 2009 12:00am

Budget proposal: time limit may be fixed for ADRC decision

The Federal Board of Revenue (FBR) is likely to prescribe a time limit, of one month, in the Finance Act 2009-10, to finalise recommendations of the Alternative Dispute Resolution Committee (ADRC), facilitating the business community. Sources told Busi
Published 13 Apr, 2009 12:00am

THE RUPEE: inflows help resist sharp losses

Inflows helped the rupee against steep losses amid strong demand for the US currency during the week ended on April 11, 2009. On the interbank market, the rupee moved both ways versus dollar as it shed 2 paisa for buying at 80.55 and inched up 4 paisa for
Published 13 Apr, 2009 12:00am

THE RUPEE: inflows help resist sharp losses

Inflows helped the rupee against steep losses amid strong demand for the US currency during the week ended on April 11, 2009. On the interbank market, the rupee moved both ways versus dollar as it shed 2 paisa for buying at 80.55 and inched up 4 paisa for
Published 13 Apr, 2009 12:00am

Strike paralyses life in Balochistan

A shutter-down strike called by political and nationalist groups to condemn the murder of Bloch leaders paralysed life in Balochistan on Sunday. Over 10 people have been killed in Balochistan over the past four days in violence over the killing of three l
Published 13 Apr, 2009 12:00am

Strike paralyses life in Balochistan

A shutter-down strike called by political and nationalist groups to condemn the murder of Bloch leaders paralysed life in Balochistan on Sunday. Over 10 people have been killed in Balochistan over the past four days in violence over the killing of three l
Published 13 Apr, 2009 12:00am

PML-Q MPA criticises transfers of government officers

Leader Pakistan Muslim League (Q) and Member Punjab Legislative Assembly Amna Khan said that the transfers of government officers created harassment among the officers. Every police officer and bureaucrat unwilling to obey the order of being transferred.
Published 13 Apr, 2009 12:00am

Nawaz leaves for Dubai

Former Prime Minister and Muslim League (N) Quaid Mian Nawaz Sharif left for a four-day visit to Dubai on Sunday.
Published 13 Apr, 2009 12:00am

Nawaz says co-operation with PPP imperative

Chief of Pakistan Muslim League-Nawaz (PML-N) Mian Nawaz Sharif on Sunday reiterated his firm resolve to extend fullest co-operation to the PPP government for jointly steering the country out of crisis. Talking to private TV channel, he stressed early imp
Published 13 Apr, 2009 12:00am

Nawaz says co-operation with PPP imperative

Chief of Pakistan Muslim League-Nawaz (PML-N) Mian Nawaz Sharif on Sunday reiterated his firm resolve to extend fullest co-operation to the PPP government for jointly steering the country out of crisis. Talking to private TV channel, he stressed early imp
Published 13 Apr, 2009 12:00am

Government decides to abolish NAB, says Awan

Minister for Parliamentary Affairs, Dr Babar Awan on Sunday said that the government has decided to abolish the National Accountability Bureau (NAB) replacing it with Holder of Public offices Accountability Act 2009.
Published 13 Apr, 2009 12:00am

Government decides to abolish NAB, says Awan

Minister for Parliamentary Affairs, Dr Babar Awan on Sunday said that the government has decided to abolish the National Accountability Bureau (NAB) replacing it with Holder of Public offices Accountability Act 2009.
Published 13 Apr, 2009 12:00am

Causes behind stock market bull-run: need stressed for identifying investors categories

In the recent bull-run, in which the Karachi share market jumped by more than 58 percent in a short period of 11 weeks, it was important to know investors category who were buying aggressively at the bourses, analyst said.
Published 13 Apr, 2009 12:00am

Share market remains volatile

Karachi share market remained highly volatile during the week ended on April 10, 2009 mainly due to SECP decision to discontinue CFS Mk-II and increase in T-bill yield. However, CPI inflation falling to 11 months low boosted the market on the last trading
Published 13 Apr, 2009 12:00am

37.41 percent decrease in investment under CFS Mk-II

Investment at Karachi share market under CFS Mk-II decreased steeply by 37.41 percent during the week ended on April 11, to settle at Rs 1.13 billion mainly due to an outflow of Rs 678 million after the directive from SECP for its discontinuation. The CFS
Published 13 Apr, 2009 12:00am

Two nuclear power plants approved by government: project to cost Rs 190 billion

The government has formally approved the much-awaited two more nuclear power plants, of 340 MW each (cumulative capacity 680 MW), at Chashma at a cost of Rs 190 billion ($2.374 billion) with foreign exchange component (FEC) of Rs 140 billion ($1.75 billio
Published 13 Apr, 2009 12:00am

37.41 percent decrease in investment under CFS Mk-II

Investment at Karachi share market under CFS Mk-II decreased steeply by 37.41 percent during the week ended on April 11, to settle at Rs 1.13 billion mainly due to an outflow of Rs 678 million after the directive from SECP for its discontinuation. The CFS
Published 13 Apr, 2009 12:00am

37.41 percent decrease in investment under CFS Mk-II

Investment at Karachi share market under CFS Mk-II decreased steeply by 37.41 percent during the week ended on April 11, to settle at Rs 1.13 billion mainly due to an outflow of Rs 678 million after the directive from SECP for its discontinuation. The CFS
Published 13 Apr, 2009 12:00am

37.41 percent decrease in investment under CFS Mk-II

Investment at Karachi share market under CFS Mk-II decreased steeply by 37.41 percent during the week ended on April 11, to settle at Rs 1.13 billion mainly due to an outflow of Rs 678 million after the directive from SECP for its discontinuation. The CFS
Published 13 Apr, 2009 12:00am

Two nuclear power plants approved by government: project to cost Rs 190 billion

The government has formally approved the much-awaited two more nuclear power plants, of 340 MW each (cumulative capacity 680 MW), at Chashma at a cost of Rs 190 billion ($2.374 billion) with foreign exchange component (FEC) of Rs 140 billion ($1.75 billio
Published 13 Apr, 2009 12:00am

PML-N formally invited to join Cabinet

Prime Minister Yousuf Raza Gilani on Sunday formally invited PML-N to rejoin the Federal Cabinet. The Prime Minister extended this invitation to President of PML-N and Punjab Chief Minister Muhammad Shahbaz Sharif at Prime Ministers House.
Published 13 Apr, 2009 12:00am

Two nuclear power plants approved by government: project to cost Rs 190 billion

The government has formally approved the much-awaited two more nuclear power plants, of 340 MW each (cumulative capacity 680 MW), at Chashma at a cost of Rs 190 billion ($2.374 billion) with foreign exchange component (FEC) of Rs 140 billion ($1.75 billio
Published 13 Apr, 2009 12:00am

PML-N formally invited to join Cabinet

Prime Minister Yousuf Raza Gilani on Sunday formally invited PML-N to rejoin the Federal Cabinet. The Prime Minister extended this invitation to President of PML-N and Punjab Chief Minister Muhammad Shahbaz Sharif at Prime Ministers House.
Published 13 Apr, 2009 12:00am

LSE settles in green zone amid heavy trading volume

The Lahore Stocks Exchange (LSE) settled in green zone amid heavy trading volume after the removal of floor following institutional, retail investors and foreign funds buying in selective scrip during the last week. The LSE-25 index marginally improved to
Published 13 Apr, 2009 12:00am

LSE settles in green zone amid heavy trading volume

The Lahore Stocks Exchange (LSE) settled in green zone amid heavy trading volume after the removal of floor following institutional, retail investors and foreign funds buying in selective scrip during the last week. The LSE-25 index marginally improved to
Published 13 Apr, 2009 12:00am

Kuwait close to deal to import Qatar power: KUNA

Kuwait plans to sign a deal to import electricity from Qatar next week to cover possible power shortages until 2010, Kuwaits electricity and water minister was quoted as saying on Saturday by state news agency KUNA. Nabil bin Salama plans to meet his Qata
Published 13 Apr, 2009 12:00am

Crisis shapes British church leaders Easter sermons

The Archbishop of Canterbury says in his Easter Sunday address that the global financial crisis has shown that happiness cannot be measured by material possessions alone.
Published 13 Apr, 2009 12:00am

China to provide 300,000 tonnes rice to Asian reserve

China plans to provide 300,000 tonnes of rice to East Asias emergency rice reserve, the Xinhua news agency said late on Saturday, strengthening a project designed to ensure supplies to Asias poorest countries.
Published 13 Apr, 2009 12:00am

Chinas farmers gain new access to bank loans

More than 150 rural households in Liaoning Province have secured a collective bank loan using their farmland as collateral, setting a precedent which could see more poor rural families get access to bank loans, state media reported Sunday.Under Chinese la
Published 13 Apr, 2009 12:00am

Obama goes to Episcopal church for Easter services

President Barack Obama and his family celebrated Easter at St. Johns Church, the first public worship services for the president since he took office. Parishioners passed through metal detectors on 16th Street prior to the Episcopal service at 11 am EDT (
Published 13 Apr, 2009 12:00am

British telecoms to shed further 10,000 jobs

British telecoms giant BT is planning to shed a further 10,000 posts from its workforce, according to newspaper reports Sunday. The job cuts come on top of around 10,000 jobs already culled, mainly among contract and temporary workers.
Published 13 Apr, 2009 12:00am

British telecoms to shed further 10,000 jobs

British telecoms giant BT is planning to shed a further 10,000 posts from its workforce, according to newspaper reports Sunday. The job cuts come on top of around 10,000 jobs already culled, mainly among contract and temporary workers.
Published 13 Apr, 2009 12:00am

Taxpayers facing difficulty in adjusting FED, SED

Taxpayers are facing hardship in adjusting Federal Excise Duty (FED) and Special Excise Duty (SED) admissible under section VI of Sales Tax Act 1990, owing to separate and improperly defined laws.
Published 13 Apr, 2009 12:00am

Taxpayers facing difficulty in adjusting FED, SED

Taxpayers are facing hardship in adjusting Federal Excise Duty (FED) and Special Excise Duty (SED) admissible under section VI of Sales Tax Act 1990, owing to separate and improperly defined laws.
Published 13 Apr, 2009 12:00am

Taxpayers facing difficulty in adjusting FED, SED

Taxpayers are facing hardship in adjusting Federal Excise Duty (FED) and Special Excise Duty (SED) admissible under section VI of Sales Tax Act 1990, owing to separate and improperly defined laws.
Published 13 Apr, 2009 12:00am

Sri Lanka declares 48-hour ceasefire

Sri Lankas president on Sunday ordered government troops to halt their offensive against cornered Tamil rebels for two days to give tens of thousands of civilians a chance to escape the fighting.
Published 13 Apr, 2009 12:00am

Sri Lanka declares 48-hour ceasefire

Sri Lankas president on Sunday ordered government troops to halt their offensive against cornered Tamil rebels for two days to give tens of thousands of civilians a chance to escape the fighting.
Published 13 Apr, 2009 12:00am

Thai ministry stormed after government declares emergency

Thai Prime Minister Abhisit Vejjajiva declared a state of emergency on Sunday to quell political unrest and threatened to take tough action against protesters who have gathered in Bangkok. Troops fired into the air when anti-government protesters stormed
Published 13 Apr, 2009 12:00am

Thai ministry stormed after government declares emergency

Thai Prime Minister Abhisit Vejjajiva declared a state of emergency on Sunday to quell political unrest and threatened to take tough action against protesters who have gathered in Bangkok. Troops fired into the air when anti-government protesters stormed
Published 13 Apr, 2009 12:00am

MONEY WEEK: government borrowings down by over Rs 16 billion amid continuing retirement of SBP debt

For the third consecutive week, the government managed to retire debt to the State Bank, this week worth about Rs32 billion with borrowing from scheduled banks simultaneously shooting up by over Rs14 billion.
Published 13 Apr, 2009 12:00am

Afghan female legislator shot dead

Two armed men on motorbikes gunned down a woman provincial legislator in Afghanistans volatile southern city of Kandahar on Sunday, an official said. Sitara Achikzai was on her way home from work when she was killed in the drive-by shooting outside her ho
Published 13 Apr, 2009 12:00am

MONEY WEEK: government borrowings down by over Rs 16 billion amid continuing retirement of SBP debt

For the third consecutive week, the government managed to retire debt to the State Bank, this week worth about Rs32 billion with borrowing from scheduled banks simultaneously shooting up by over Rs14 billion.
Published 13 Apr, 2009 12:00am

MONEY WEEK: government borrowings down by over Rs 16 billion amid continuing retirement of SBP debt

For the third consecutive week, the government managed to retire debt to the State Bank, this week worth about Rs32 billion with borrowing from scheduled banks simultaneously shooting up by over Rs14 billion.
Published 13 Apr, 2009 12:00am

Iran president dismisses demand to halt atom work

Irans president expressed openness for talks with the United States but again dismissed demands to halt nuclear work the West fears is aimed at making bombs, in an interview with Germanys Der Spiegel news magazine.
Published 13 Apr, 2009 12:00am

Iran president dismisses demand to halt atom work

Irans president expressed openness for talks with the United States but again dismissed demands to halt nuclear work the West fears is aimed at making bombs, in an interview with Germanys Der Spiegel news magazine.
Published 13 Apr, 2009 12:00am

Public-private partnership: ADB for early finalisation of policy framework

Asian Development Bank observed that the Public Private Partnership (PPP) policy framework and related laws and regulations need to be finalised and approved at the earliest in Pakistan. The capacity in the public sector to develop PPP projects for privat
Published 13 Apr, 2009 12:00am

Crude prices could hit $60 in third quarter

Irans oil minister said on Sunday he believed crude prices could rise to $60 a barrel in the third quarter of 2009, but that $75-80 was needed to secure future supply. Gholamhossein Nozari also called for co-operation between OPEC and producers outside th
Published 13 Apr, 2009 12:00am

Crude prices could hit $60 in third quarter

Irans oil minister said on Sunday he believed crude prices could rise to $60 a barrel in the third quarter of 2009, but that $75-80 was needed to secure future supply. Gholamhossein Nozari also called for co-operation between OPEC and producers outside th
Published 13 Apr, 2009 12:00am

Killing of six coal-mine workers: BLA claims responsibility

Balochistan Liberation Army (BLA) has claimed responsibility for killing six coal-mine workers as violence intensified in the resource-rich province. Bullet-ridden bodies of six coal-mine workers were found in mountains near Marwar, 35 km east of Quetta,
Published 13 Apr, 2009 12:00am

Crude prices could hit $60 in third quarter

Irans oil minister said on Sunday he believed crude prices could rise to $60 a barrel in the third quarter of 2009, but that $75-80 was needed to secure future supply. Gholamhossein Nozari also called for co-operation between OPEC and producers outside th
Published 13 Apr, 2009 12:00am

Relatives worry about Pakistanis detained in UK

Relatives of two Pakistanis said Sunday that they believe they are among 11 people detained in Britain on suspicion of planning a major terrorist attack, and insisted they were innocent and should be released. British officials have not named the suspects
Published 13 Apr, 2009 12:00am

Food and technology exhibition from April 15

An International Food and Technology Exhibition will be held here at the Karachi Expo Centre from April 15. An announcement here on Sunday said Commerce Minister, Makhdoom Amin Fahim, has been invited to be the chief guest on the occasion.
Published 13 Apr, 2009 12:00am

Fehmida and Kundi felicitate Christians on Easter

Dr Fehmida Mirza, Speaker National Assembly has extended warm felicitations to the Christian Members of the Parliament and Christian community on the auspicious occasion of Easter.
Published 13 Apr, 2009 12:00am

ANP not consulted over reference of NAR to Parliament

An emergency meeting of the Awami National Partys think-tank was held in Islamabad on Sunday to review the progress made in connection with enforcement of Nizam-e-Adl Regulation (NAR), a private TV channel reported. NWFP Information Minister Mian Iftikhar
Published 13 Apr, 2009 12:00am

Murder of Baloch leaders: Altaf calls for unity among all parties

Muttahida Qaumi Movement (MQM), Chief Altaf Hussain on Sunday, terming the unity among all parties in Pakistan as need of the hour said the country is passing through a critical phase. He was addressing via telephone from London the participants of a prot
Published 13 Apr, 2009 12:00am

Easter sunrise service held

Easter sunrise service on the eve of Christian religious festival was held at St. Andrews Church located in Saddar, Karachi, when special prayers were also offered for the security and safety of the country.
Published 13 Apr, 2009 12:00am

Peasant on hunger strike passes away

A peasant, Muhammad Wali Dad Khaskheli about 70, who was on hunger strike outside Karachi Press Club passed away due to heart attack here Sunday. The deceased was a resident of Goth Essa Khaskheli, taluka Sanjhoro was on a hunger strike along with his fam
Published 13 Apr, 2009 12:00am

PML-N to hold intra-party meeting after Nawaz return

Pakistan Muslim League-Nawaz (PML-N) will hold intra-party meeting after the party Quaid Nawaz Sharif returned from abroad for taking final decision on the issue of rejoining the ruling coalition at Centre.
Published 13 Apr, 2009 12:00am

Zardari grieved over death

President Asif Ali Zardari has expressed his grief over the death of an old person Wali Dad Khaskheli during a hunger strike in front of the Press Club in Karachi. The old man was among a group of farmers from Sanjhoro of District Sanghar, who had set up
Published 13 Apr, 2009 12:00am

Khokar given additional charge

The government has given the additional charge of the post of Chairman-cum-Member Judicial to Hafiz Ahsaan Ahmed Khokhar, Member Judicial of Customs, Excise and Sales Tax appellate tribunal Bench-II (Islamabad).
Published 13 Apr, 2009 12:00am

Government committed to restore 1973 Constitution: Kaira

Federal Minister for Information and Broadcasting Qamer Zaman Kaira on Sunday said that government was committed to restore 1973 Constitutional in its original shape. Talking to media the Federal Minister said that PPP government had fulfilled the basic d
Published 13 Apr, 2009 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Jan 8

278.78

USD PKR Interbank Buying / Jan 8

278.58

USD to Japanese Yen / Jan 8

158.14

USD to Swiss Franc / Jan 8

0.91

Pound Sterling to USD / Jan 8

1.25

Euro to USD / Jan 8

1.04

Stock Volume

S&P 500 / Jan 7

5,909.03

Nasdaq / Jan 7

19,489.68

FTSE 100 / Jan 7

8,245.28

Dow Jones / Jan 7

42,528.36

Germany DAX 30 / Jan 7

20,340.57

France CAC40 / Jan 7

7,489.35

India Sensex / Jan 8

77,786.54

Tokyo Nikkei / Jan 8

40,008.25

Item Value

Karachi Cotton PKR/37.32 KG / Jan 7

18,285

Gold 10 Grams PKR / Jan 7

236,625

Crude Oil USD/Barrel / Jan 8

74.85

Gold Spot USD/Ounce / Jan 8

2,650.51

Cotton US¢/pound / Jan 8

68.44

Petrol/Litre / Jan 9

252.66

Gainers
Losers
Leaders

Stock Price

PICIC Ins.Ltd. / Jan 8

PICIC Insurance Limited(PIL)

3.21

▲ 0.32 (11.07%)

JS Bank Ltd / Jan 8

JS Bank Limited(JSBL)

10.41

▲ 1.00 (10.63%)

Idrees Tex. / Jan 8

Idrees Textile Mills Limited(IDRT)

15.68

▲ 1.43 (10.04%)

Sec. Inv. Bank / Jan 8

Security Investment Bank Limited(SIBL)

12.38

▲ 1.13 (10.04%)

Ahmad Hassan / Jan 8

Ahmad Hassan Textile Mills Limited(AHTM)

59.90

▲ 5.45 (10.01%)

Asia Ins. / Jan 8

Asia Insurance Company Limited(ASIC)

14.29

▲ 1.30 (10.01%)

D.M. Textile / Jan 8

D.M. Textile Mills Limited(DMTX)

60.58

▲ 5.51 (10.01%)

Dawood Lawrencepur / Jan 8

Dawood Lawrencepur Limited(DLL)

296.12

▲ 26.92 (10.00%)

JDW Sugar / Jan 8

JDW Sugar Mills Limited(JDWS)

904.95

▲ 82.27 (10.00%)

Stock Price

JS Mom. Factor ETF / Jan 8

JS Momentum Factor ETF(JSMFETF)

15.15

▼ -2.18 (-12.58%)

Parmount Sp. / Jan 8

Paramount Spinning Mills Limited(PASM)

4

▼ -0.50 (-11.11%)

Ali Asghar / Jan 8

Ali Asghar Textile Mills Limited(AATM)

78.82

▼ -8.76 (-10.00%)

Faisal Sp. / Jan 8

Faisal Spinning Mills Limited(FASM)

292.37

▼ -32.48 (-10.00%)

Khairpur Sug. / Jan 8

Khairpur Sugar Mills Limited(KPUS)

133.71

▼ -14.86 (-10.00%)

Liven Pharma / Jan 8

Liven Pharma Limited(LIVEN)

178.53

▼ -19.84 (-10.00%)

Suhail Jute / Jan 8

Suhail Jute Mills Limited(SUHJ)

156.38

▼ -17.38 (-10.00%)

Frontier Ceram / Jan 8

Frontier Ceramics Limited(FRCL)

24.23

▼ -2.69 (-9.99%)

National Silk / Jan 8

The National Silk & Rayon Mills Limited(NSRM)

49.90

▼ -5.54 (-9.99%)

Stock Volume

WorldCall Telecom / Jan 8

Worldcall Telecom Limited(WTL)

520,088,624

▲ 0.09

Cnergyico PK / Jan 8

Cnergyico PK Limited(CNERGY)

76,600,722

▼ -0.30

K-Electric Ltd. / Jan 8

K-Electric Limited(KEL)

45,707,217

▼ -0.21

Fauji Foods Ltd / Jan 8

Fauji Foods Limited(FFL)

36,987,542

▼ -0.41

Sui South Gas / Jan 8

Sui Southern Gas Company Limited(SSGC)

33,354,890

▲ 2.33

Pak Stock Exchange / Jan 8

Pakistan Stock Exchange Limited(PSX)

27,144,749

▼ -2.85

Pak Refinery / Jan 8

Pakistan Refinery Limited(PRL)

24,452,864

▼ -2.53

B.O.Punjab / Jan 8

The Bank of Punjab(BOP)

22,768,455

▼ -0.23

Pak Elektron / Jan 8

Pak Elektron Limited(PAEL)

20,370,180

▼ -0.42

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