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Sep 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-04-18
BRIndex30 gains 258.94 points

BRIndex30 gains 258.94 points

On Friday, the BRIndex30 opened in the positive zone at 7,201.23. It closed at 7,434.02 with a net positive change of 258.94 points and percentage change of 3.61. It experienced intra-day high of 7,554.59 and low of 7,098.56. The volume amounted to 190,93
Published 18 Apr, 2009 12:00am
Message from chairperson Karachi Port Trust

Message from chairperson Karachi Port Trust

The construction of The Karachi Deep Water Container Port, KDWCP, is an essential part of our modernisation plans for the Karachi Port and this inauguration of the Dredging and Reclamation Contract is a big step towards achieving this target. I am gratefu
Published 18 Apr, 2009 12:00am
BRIndex30 gains 258.94 points

BRIndex30 gains 258.94 points

On Friday, the BRIndex30 opened in the positive zone at 7,201.23. It closed at 7,434.02 with a net positive change of 258.94 points and percentage change of 3.61. It experienced intra-day high of 7,554.59 and low of 7,098.56. The volume amounted to 190,93
Published 18 Apr, 2009 12:00am
FoDP pledges news boost KSE

FoDP pledges news boost KSE

Late buying on the back of news that ''Friends of Democratic Pakistan'' have pledged, $5.28 billion to Pakistan supported the KSE-100 index to recover its intra-day losses and to close in the positive at 7,794.95 with a healthy gain of 124.87 points level
Published 18 Apr, 2009 12:00am
Brief on KPT performance

Brief on KPT performance

By 1852, Karachi was an established city with a population of about 14,000 with a prosperous trade in over-seas markets. However, the existing Port started taking shape in 1854, when the projects of dredging the main navigable channel and the construction
Published 18 Apr, 2009 12:00am
Current account deficit narrows down by $2 billion

Current account deficit narrows down by $2 billion

Pakistan's current account deficit has posted a decline of some 2 billion dollar (21 percent) during the first nine months of the current fiscal year, mainly due to the higher home remittances and sharp decline in the trade deficit. "Decrease in the curre
Published 18 Apr, 2009 12:00am
Bring smile back to deprived children

Bring smile back to deprived children

Pakistan is an Islamic country and we as a society, have a strong cultural milieu which is pillared on a very solid institution of family. Respect for elders, care and compassion for children are integral features of our religion as well as our culture.
Published 18 Apr, 2009 12:00am
Current account deficit narrows down by $2 billion

Current account deficit narrows down by $2 billion

Pakistan''s current account deficit has posted a decline of some 2 billion dollar (21 percent) during the first nine months of the current fiscal year, mainly due to the higher home remittances and sharp decline in the trade deficit. "Decrease in the curr
Published 18 Apr, 2009 12:00am
Citrus peel oil-a natural preservative

Citrus peel oil-a natural preservative

Since the last decade, consumers are becoming conscious of the nutritional value and safety of their food and its ingredients. This has considerably increased the demand for appropriate nutritional and health standards. On the other hand, the protection o
Published 18 Apr, 2009 12:00am
Mixed sentiment on LSE

Mixed sentiment on LSE

Mixed sentiment was observed on Lahore Stock Exchange on Friday as equities managed recovery amid descending transaction volume on account of fresh buying in select shares during last trading hour. The LSE-25 index declined marginally by 13.48 points and
Published 18 Apr, 2009 12:00am
KARACHI CHRONICLE: save us from daylight saving time

KARACHI CHRONICLE: save us from daylight saving time

Does the Guiness Book of Records have a category for the stupidest person/people on earth? If it does, we would like to enter a bunch of Federal cabinet members and another bunch of jokers of the Ministry of Water and Power who are the only people in Paki
Published 18 Apr, 2009 12:00am
Mixed sentiment on LSE

Mixed sentiment on LSE

Mixed sentiment was observed on Lahore Stock Exchange on Friday as equities managed recovery amid descending transaction volume on account of fresh buying in select shares during last trading hour. The LSE-25 index declined marginally by 13.48 points and
Published 18 Apr, 2009 12:00am
Ambitious women calligraphers

Ambitious women calligraphers

During the seventh and eighth centuries Calligraphy entered Central Asia with the spread of Islam in the region. The art of beautiful writing in Arabic called calligraphy was first used to honour the words of the Holy Book, the Qur'an and became the highe
Published 18 Apr, 2009 12:00am
Afghan quakes kill up to 22

Afghan quakes kill up to 22

Two earthquakes killed up to 22 people in eastern Afghanistan, damaging villages and destroying scores of homes in a remote area near the border with Pakistan, local authorities said Friday. The quakes hit overnight in Khogyani and Sherzad districts in Na
Published 18 Apr, 2009 12:00am
Solid waste management remains a dream

Solid waste management remains a dream

ONCE again a plan to rid the city of heaps of garbage has hit the snags. A report said that an agreement signed between a Chinese firm and the Karachi city government in 2007 has recently been cancelled. According to terms of the agreement the Chinese fir
Published 18 Apr, 2009 12:00am
Afghan quakes kill up to 22

Afghan quakes kill up to 22

Two earthquakes killed up to 22 people in eastern Afghanistan, damaging villages and destroying scores of homes in a remote area near the border with Pakistan, local authorities said Friday. The quakes hit overnight in Khogyani and Sherzad districts in Na
Published 18 Apr, 2009 12:00am
CAPITAL CULTURAL SCENE: The Spring Theatre Festival

CAPITAL CULTURAL SCENE: The Spring Theatre Festival

The Spring Theatre Festival ended on April 11 was indeed an artistic treat for the theatre enthusiasts of the capital's twin cities. The unique event was organised by the Pakistan National Council of the Arts (PNCA) in collaboration with Ajoka Theatre and
Published 18 Apr, 2009 12:00am
US, Fiat to name Chrysler board on alliance

US, Fiat to name Chrysler board on alliance

US automaker Chrysler, already operating under government emergency aid, would cede control of its board and ultimately senior leadership if it completes a planned alliance with Italy's Fiat SpA.
Published 18 Apr, 2009 12:00am
As scholars quibble, Shariah banks eye convergence

As scholars quibble, Shariah banks eye convergence

Jurists may never fully agree on how to interpret the Shariah but controversial Islamic finance structures are likely to be dropped eventually as the industry strives to reach wider markets. Disputed contracts like bai bithaman ajil and bai inah will prob
Published 18 Apr, 2009 12:00am
BRIDGE NOTES: The magic of squeeze

BRIDGE NOTES: The magic of squeeze

The squeeze play can be fascinating and is the most rewarding of all bridge plays. Today's hand is one such lesson in squeeze play. The opening lead is 9D. This contract of 6NT is a good one with the spade finesse like to be on, from the bidding.
Published 18 Apr, 2009 12:00am
As scholars quibble, Shariah banks eye convergence

As scholars quibble, Shariah banks eye convergence

Jurists may never fully agree on how to interpret the Shariah but controversial Islamic finance structures are likely to be dropped eventually as the industry strives to reach wider markets. Disputed contracts like bai bithaman ajil and bai inah will prob
Published 18 Apr, 2009 12:00am
Bulls return to driving seat on ISE

Bulls return to driving seat on ISE

Bulls returned to the driving seat at the Islamabad Stock Exchange (ISE) where equities showed healthy signs under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 18.95 points, as the ISE Ten Index moved from 1,731
Published 18 Apr, 2009 12:00am
New York cotton

New York cotton

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

Published 18 Apr, 2009 12:00am
Bulls return to driving seat on ISE

Bulls return to driving seat on ISE

Bulls returned to the driving seat at the Islamabad Stock Exchange (ISE) where equities showed healthy signs under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 18.95 points, as the ISE Ten Index moved from 1,731
Published 18 Apr, 2009 12:00am
ADB loans increase to $10.5 billion in 2008

ADB loans increase to $10.5 billion in 2008

The Asian Development Bank (ADB) approved $10.5 billion in loans in year 2008, showing an increase of 5.3 percent over the previous year. The 2008 amount is the highest in ADB's 42-year history, according to ADB's 2008 Annual Report, released ahead of the
Published 18 Apr, 2009 12:00am
Factories' old machinery blamed for inefficient power consumption

Factories' old machinery blamed for inefficient power consumption

Director General (Management and Conservation) of Pakistan Electric Power Company (Pepco) Tahir Basharat Cheema said on Friday highly obsolete machinery installed at factories was resulting in inefficient consumption of energy in the Pakistan.
Published 18 Apr, 2009 12:00am
New York cotton

New York cotton

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

Published 18 Apr, 2009 12:00am
Three soldiers killed in Philippines

Three soldiers killed in Philippines

The Philippine military says it is pursuing communist rebels who killed three soldiers during a clash in southern Agusan del Sur province. The military says the gunbattle with New People's Army rebels broke out Wednesday in San Luis township. Army spokesm
Published 18 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 18 Apr, 2009 12:00am
Piaf wants special package for economic revival

Piaf wants special package for economic revival

The Pakistan Industrial and Traders Associations Front (Piaf) has urged the government to announce a special incentive package in the forthcoming budget for the revival of business activities and steps to give boost to the country's exports so that Pakist
Published 18 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 18 Apr, 2009 12:00am
Indian leaders cower from 'shoe-cide' attacks

Indian leaders cower from 'shoe-cide' attacks

India's politicians contesting in the general election, fearful of shoes hurled at them by disgruntled voters, have asked for more security and are erecting metal nets at rallies. Lal Krishna Advani, the Bharatiya Janata Party's (BJP) prime ministerial ca
Published 18 Apr, 2009 12:00am
Indian leaders cower from 'shoe-cide' attacks

Indian leaders cower from 'shoe-cide' attacks

India's politicians contesting in the general election, fearful of shoes hurled at them by disgruntled voters, have asked for more security and are erecting metal nets at rallies. Lal Krishna Advani, the Bharatiya Janata Party's (BJP) prime ministerial ca
Published 18 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 Friday (April 17, 2009).

Published 18 Apr, 2009 12:00am
Pakistan lose 2011 World Cup hosting rights

Pakistan lose 2011 World Cup hosting rights

Pakistan has been stripped of hosting rights for the 2011 World Cup because of the 'uncertain security situation' in the country, the International Cricket Council (ICC) said on Friday. "It is a regrettable decision (but) our number one priority is to cre
Published 18 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 Friday (April 17, 2009).

Published 18 Apr, 2009 12:00am
Pakistan lose 2011 World Cup hosting rights

Pakistan lose 2011 World Cup hosting rights

Pakistan has been stripped of hosting rights for the 2011 World Cup because of the 'uncertain security situation' in the country, the International Cricket Council (ICC) said on Friday. "It is a regrettable decision (but) our number one priority is to cre
Published 18 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 Friday (April 17, 2009).

Published 18 Apr, 2009 12:00am
India eyes Sir Creek for oil deposits: Hussain Haroon

India eyes Sir Creek for oil deposits: Hussain Haroon

Permanent Representative of Pakistan at United Nations Organisation (UNO) Hussain Haroon here on Friday said India used to claim Sir Creek strip in Arabian Sea as her territory because of chances of huge oil deposits there. Addressing a press conference a
Published 18 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 Friday (April 17, 2009).

Published 18 Apr, 2009 12:00am
India eyes Sir Creek for oil deposits: Hussain Haroon

India eyes Sir Creek for oil deposits: Hussain Haroon

Permanent Representative of Pakistan at United Nations Organisation (UNO) Hussain Haroon here on Friday said India used to claim Sir Creek strip in Arabian Sea as her territory because of chances of huge oil deposits there. Addressing a press conference a
Published 18 Apr, 2009 12:00am
LHC Chief Justice declines to act as acting Punjab governor

LHC Chief Justice declines to act as acting Punjab governor

The Chief Justice of Lahore High Court, Khawaja Muhammad Sharif, while refusing to take oath as acting Governor of Punjab, termed it against independence of judiciary. Punjab Governor has gone abroad, as a result which the Chief Justice was asked to hold
Published 18 Apr, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (April 17, 2009).
Published 18 Apr, 2009 12:00am
LHC Chief Justice declines to act as acting Punjab governor

LHC Chief Justice declines to act as acting Punjab governor

The Chief Justice of Lahore High Court, Khawaja Muhammad Sharif, while refusing to take oath as acting Governor of Punjab, termed it against independence of judiciary. Punjab Governor has gone abroad, as a result which the Chief Justice was asked to hold
Published 18 Apr, 2009 12:00am
'No threat to NAB record'

'No threat to NAB record'

Dispelling the impression of any threat to the official record of the National Accountability Bureau (NAB), the spokesman of the NAB said that NAB headquarters was fully alive to the situation and data is completely safe. Islamabad police was contacted to
Published 18 Apr, 2009 12:00am
Government may earmark Rs 500 billion for PSDP

Government may earmark Rs 500 billion for PSDP

Government is likely to earmark Rs 500 billion for next financial year Public Sector Development Programme (PSDP) 2009-10 that would be less by Rs 50 billion as compared to 2008-09 PSDP. Sources told Business Recorder that Planning Commission and F
Published 18 Apr, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (April 17, 2009).

Published 18 Apr, 2009 12:00am
Government may earmark Rs 500 billion for PSDP

Government may earmark Rs 500 billion for PSDP

Government is likely to earmark Rs 500 billion for next financial year Public Sector Development Programme (PSDP) 2009-10 that would be less by Rs 50 billion as compared to 2008-09 PSDP. Sources told Business Recorder that Planning Commission and F
Published 18 Apr, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (April 17, 2009).

Published 18 Apr, 2009 12:00am
Government may earmark Rs 500 billion for PSDP

Government may earmark Rs 500 billion for PSDP

Government is likely to earmark Rs 500 billion for next financial year Public Sector Development Programme (PSDP) 2009-10 that would be less by Rs 50 billion as compared to 2008-09 PSDP. Sources told Business Recorder that Planning Commission and F
Published 18 Apr, 2009 12:00am
Peshawar base to station first-ever JF-17 squadron: Air Chief

Peshawar base to station first-ever JF-17 squadron: Air Chief

Air Chief Marshal Rao Qamar Suleman, Chief of the Air Staff, Pakistan Air Force, who is undertaking his inaugural visits to various PAF bases after assuming the command of Pakistan Air Force, visited PAF Base, Peshawar on Friday. On arrival at the base, h
Published 18 Apr, 2009 12:00am
Peshawar base to station first-ever JF-17 squadron: Air Chief

Peshawar base to station first-ever JF-17 squadron: Air Chief

Air Chief Marshal Rao Qamar Suleman, Chief of the Air Staff, Pakistan Air Force, who is undertaking his inaugural visits to various PAF bases after assuming the command of Pakistan Air Force, visited PAF Base, Peshawar on Friday. On arrival at the base, h
Published 18 Apr, 2009 12:00am
India eyes Sir Creek for oil deposits: Hussain Haroon

India eyes Sir Creek for oil deposits: Hussain Haroon

Permanent Representative of Pakistan at United Nations Organisation (UNO) Hussain Haroon here on Friday said India used to claim Sir Creek strip in Arabian Sea as her territory because of chances of huge oil deposits there. Addressing a press conference a
Published 18 Apr, 2009 12:00am
Malaysia Scomi names managers; chief executive in US probe

Malaysia Scomi names managers; chief executive in US probe

Malaysian engineer Scomi Group has appointed a management team pending US State Department sanctions on its chief executive, in a move aimed to ensure it can do business in the United States. CEO Shah Hakim Shahnazim Zain was named in a State Department s
Published 18 Apr, 2009 12:00am
Malaysia Scomi names managers; chief executive in US probe

Malaysia Scomi names managers; chief executive in US probe

Malaysian engineer Scomi Group has appointed a management team pending US State Department sanctions on its chief executive, in a move aimed to ensure it can do business in the United States. CEO Shah Hakim Shahnazim Zain was named in a State Department s
Published 18 Apr, 2009 12:00am
Pakistan and Oman enjoy close relations: Shahbaz

Pakistan and Oman enjoy close relations: Shahbaz

Chairman Pak-Oman Asset Management Company Limited Yahya Bin Said Bin Abdullah Al-Jabri, met Punjab Chief Minister, Muhammad Shahbaz Sharif on Friday at Chief Minister's Secretariat. Matters regarding investment and co-operation in various sectors were di
Published 18 Apr, 2009 12:00am
Malaysia Scomi names managers; chief executive in US probe

Malaysia Scomi names managers; chief executive in US probe

Malaysian engineer Scomi Group has appointed a management team pending US State Department sanctions on its chief executive, in a move aimed to ensure it can do business in the United States. CEO Shah Hakim Shahnazim Zain was named in a State Department s
Published 18 Apr, 2009 12:00am
LHC sets aside Nepra's tariff determination

LHC sets aside Nepra's tariff determination

The Lahore High Court (LHC) while accepting the writ petition filed by All Pakistan Textile Mills Association (Aptma) set aside Nepra's electricity tariff determination and remanded the case to the National Electric Power Regulatory Authority (Nepra) for
Published 18 Apr, 2009 12:00am
Punjab University electronics department grabs first place at Nascon

Punjab University electronics department grabs first place at Nascon

Punjab University Electronics Department has won first prize in the National Software Competition (Nascon) 2009 for the contest 'Hurdle Avoidance Competition' held recently (April 11-12) at Fast Islamabad. Punjab University team supervised by Lecturer Uma
Published 18 Apr, 2009 12:00am
Contempt petition hearing put off without fixing next date

Contempt petition hearing put off without fixing next date

A full bench of Lahore High Court here on Friday adjourned without fixing next date of hearing the proceedings in a contempt petition against Editor Investigation and Editor-in-Chief of an English daily enabling the respondents to file their written repli
Published 18 Apr, 2009 12:00am
Punjab Assembly Speaker returns from Umrah

Punjab Assembly Speaker returns from Umrah

Speaker of Punjab Assembly Rana Muhammad Iqbal on Friday arrived in the city after performing Umrah in Saudi Arabia. He was received back by Deputy Speaker Rana Mushid who relinquished charge and handed over powers to the Speaker.
Published 18 Apr, 2009 12:00am
79 percent of labour force living below poverty line: PWF

79 percent of labour force living below poverty line: PWF

79 percent young labour force in Pakistan living below poverty line, and majority of them has no access to education beyond Primary Level, veteran general secretary Pakistan Workers' Federation Khurshid Ahmad said here on Friday. He was addressing a natio
Published 18 Apr, 2009 12:00am
Sugar smuggling to Afghanistan costs country Rs 32 billion

Sugar smuggling to Afghanistan costs country Rs 32 billion

The recent smuggling of 0.4 million tones of locally produced white refined sugar to Afghanistan cost the government of Pakistan around Rs 32 billion. To overcome shortfall of 0.4 million tones sugar being smuggled to Afghanistan, Economic Co-ordination C
Published 18 Apr, 2009 12:00am
CDA to establish police station

CDA to establish police station

Capital Development Authority (CDA) is planning to establish a Police station of its own that would particularly deal with land mafia in the capital. This was announced by Tariq Mahmood Khan, Chairman CDA while talking to media after planting a sapling in
Published 18 Apr, 2009 12:00am
Attock Cement profit rises to Rs 317.897 million

Attock Cement profit rises to Rs 317.897 million

The profit after tax of Attock Cement Pakistan Limited has increased to Rs 317.897 million in the quarter ended March 31, 2009 as compared to Rs 108.119 million in the corresponding period in 2008. The board of directors of the company in its meeting decl
Published 18 Apr, 2009 12:00am
Street crimes in city register increase in first half of April

Street crimes in city register increase in first half of April

Despite strict security arrangements, Sindh Home Department (SHD) failed to control street crimes in the city, as data for the first fortnight of the current month show an increase in crimes. As many as 2556 people in the metropolis were deprived of their
Published 18 Apr, 2009 12:00am
Sindh Assembly agrees to establish public procurement regulatory body

Sindh Assembly agrees to establish public procurement regulatory body

Sindh Assembly agrees to the establishment of provincial public procurement regulatory body by passing the long awaited Sindh Public Procurement Bill, 2009 into law unanimously on Friday. The provincial legislature, which met at Assembly Building with Spe
Published 18 Apr, 2009 12:00am
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