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Print - 2009-04-19
Government not to pay Rs 10.8 billion subsidy to KESC

Government not to pay Rs 10.8 billion subsidy to KESC

The government has decided to deduct, at source, Rs 10.8 billion (90 percent) tariff subsidy out of total amount allocated for Karachi Electric Supply Company (KESC) consumers in an effort to clear the outstanding dues of Pakistan Electric Power Company (
Published 19 Apr, 2009 12:00am
Rs 300 fee levied for sealing, de-sealing of containers under PCCSS

Rs 300 fee levied for sealing, de-sealing of containers under PCCSS

The Federal Board of Revenue has levied a fee of Rs 300 for sealing and de-sealing of container under Pakistan Customs Container Security System (PCCSS) to ensure safe transhipment. According to an SRO 340(I)/2009 issued here on Saturday, the fee of Rs 30
Published 19 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 Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Karachi LTU asked to recover Rs one billion FED from PIA

Karachi LTU asked to recover Rs one billion FED from PIA

The Federal Board of Revenue (FBR) has directed the Director-General, Large Taxpayer Unit (LTU), Karachi, to recover the unpaid amount of over Rs 1 billion federal excise duty (FED) on domestic and international air travel from Pakistan International Airl
Published 19 Apr, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (April 18, 2009).
Published 19 Apr, 2009 12:00am
Karachi LTU asked to recover Rs one billion FED from PIA

Karachi LTU asked to recover Rs one billion FED from PIA

The Federal Board of Revenue (FBR) has directed the Director-General, Large Taxpayer Unit (LTU), Karachi, to recover the unpaid amount of over Rs 1 billion federal excise duty (FED) on domestic and international air travel from Pakistan International Airl
Published 19 Apr, 2009 12:00am
Karachi LTU asked to recover Rs one billion FED from PIA

Karachi LTU asked to recover Rs one billion FED from PIA

The Federal Board of Revenue (FBR) has directed the Director-General, Large Taxpayer Unit (LTU), Karachi, to recover the unpaid amount of over Rs 1 billion federal excise duty (FED) on domestic and international air travel from Pakistan International Airl
Published 19 Apr, 2009 12:00am
Rs 300 fee levied for sealing, de-sealing of containers under PCCSS

Rs 300 fee levied for sealing, de-sealing of containers under PCCSS

The Federal Board of Revenue has levied a fee of Rs 300 for sealing and de-sealing of container under Pakistan Customs Container Security System (PCCSS) to ensure safe transhipment. According to an SRO 340(I)/2009 issued here on Saturday, the fee of Rs 30
Published 19 Apr, 2009 12:00am
Rs 300 fee levied for sealing, de-sealing of containers under PCCSS

Rs 300 fee levied for sealing, de-sealing of containers under PCCSS

The Federal Board of Revenue has levied a fee of Rs 300 for sealing and de-sealing of container under Pakistan Customs Container Security System (PCCSS) to ensure safe transhipment. According to an SRO 340(I)/2009 issued here on Saturday, the fee of Rs 30
Published 19 Apr, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Rs 300 fee levied for sealing, de-sealing of containers under PCCSS

Rs 300 fee levied for sealing, de-sealing of containers under PCCSS

The Federal Board of Revenue has levied a fee of Rs 300 for sealing and de-sealing of container under Pakistan Customs Container Security System (PCCSS) to ensure safe transhipment. According to an SRO 340(I)/2009 issued here on Saturday, the fee of Rs 30
Published 19 Apr, 2009 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Developing nations must stimulate domestic economies: Raza

Developing nations must stimulate domestic economies: Raza

State Bank of Pakistan (SBP) Governor Salim Raza said here on Saturday that the developing countries would have to stimulate their domestic economies, increase their capacity to consume surplus production in the wake of shrinking exports and achieving sus
Published 19 Apr, 2009 12:00am
Developing nations must stimulate domestic economies: Raza

Developing nations must stimulate domestic economies: Raza

State Bank of Pakistan (SBP) Governor Salim Raza said here on Saturday that the developing countries would have to stimulate their domestic economies, increase their capacity to consume surplus production in the wake of shrinking exports and achieving sus
Published 19 Apr, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Developing nations must stimulate domestic economies: Raza

Developing nations must stimulate domestic economies: Raza

State Bank of Pakistan (SBP) Governor Salim Raza said here on Saturday that the developing countries would have to stimulate their domestic economies, increase their capacity to consume surplus production in the wake of shrinking exports and achieving sus
Published 19 Apr, 2009 12:00am
Zardari calls for help to combat terrorism

Zardari calls for help to combat terrorism

President Asif Ali Zardari on Saturday appealed for help in combating terrorism in the region. Speaking at the opening ceremony of the Boao Forum, which focuses on the global financial crisis, President Zardari pointed to terrorism in Asia as another pres
Published 19 Apr, 2009 12:00am
Holbrooke pleads for more aid to Pakistan

Holbrooke pleads for more aid to Pakistan

Pakistan will need more aid from world donors as it battles militants and tries to repair its economy, said US special envoy Richard Holbrooke on Saturday. Holbrooke also reiterated US concern about President Asif Ali Zardari's decision, under "pressure f
Published 19 Apr, 2009 12:00am
Holbrooke pleads for more aid to Pakistan

Holbrooke pleads for more aid to Pakistan

Pakistan will need more aid from world donors as it battles militants and tries to repair its economy, said US special envoy Richard Holbrooke on Saturday. Holbrooke also reiterated US concern about President Asif Ali Zardari's decision, under "pressure f
Published 19 Apr, 2009 12:00am
THE RUPEE: dollar retreats on currency market

THE RUPEE: dollar retreats on currency market

Bullish trend persisted on the currency market on Saturday as the rupee looked ahead due to expectations of high inflows, dealers said. On the interbank market the rupee jumped and gained 10 paisa in a single day rally against the dollar for buying and se
Published 19 Apr, 2009 12:00am
THE RUPEE: dollar retreats on currency market

THE RUPEE: dollar retreats on currency market

Bullish trend persisted on the currency market on Saturday as the rupee looked ahead due to expectations of high inflows, dealers said. On the interbank market the rupee jumped and gained 10 paisa in a single day rally against the dollar for buying and se
Published 19 Apr, 2009 12:00am
Zardari calls for help to combat terrorism

Zardari calls for help to combat terrorism

President Asif Ali Zardari on Saturday appealed for help in combating terrorism in the region. Speaking at the opening ceremony of the Boao Forum, which focuses on the global financial crisis, President Zardari pointed to terrorism in Asia as another pres
Published 19 Apr, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Pakistan and Iran to strengthen bilateral ties: gas project discussed

Pakistan and Iran to strengthen bilateral ties: gas project discussed

First Vice-President of Iran Parviz Davoodi called on President Asif Ali Zardari here on the sidelines of the Boao Forum for Asia on Saturday and discussed bilateral ties, regional situation and progress on the Iran-Pakistan-India gas pipeline project.
Published 19 Apr, 2009 12:00am
Pakistan and Iran to strengthen bilateral ties: gas project discussed

Pakistan and Iran to strengthen bilateral ties: gas project discussed

First Vice-President of Iran Parviz Davoodi called on President Asif Ali Zardari here on the sidelines of the Boao Forum for Asia on Saturday and discussed bilateral ties, regional situation and progress on the Iran-Pakistan-India gas pipeline project.
Published 19 Apr, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Pakistan and Iran to strengthen bilateral ties: gas project discussed

Pakistan and Iran to strengthen bilateral ties: gas project discussed

First Vice-President of Iran Parviz Davoodi called on President Asif Ali Zardari here on the sidelines of the Boao Forum for Asia on Saturday and discussed bilateral ties, regional situation and progress on the Iran-Pakistan-India gas pipeline project.
Published 19 Apr, 2009 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
General Motors chief executive warns bankruptcy more probable

General Motors chief executive warns bankruptcy more probable

General Motors Corp Chief Executive Fritz Henderson said on Friday the automaker could still restructure out of court, but warned it was more probable GM may need to seek bankruptcy protection to complete that process. Henderson said the automaker faced n
Published 19 Apr, 2009 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Iran sentences US reporter to eight years in jail

Iran sentences US reporter to eight years in jail

An Iranian revolutionary court has sentenced US-Iranian journalist Roxana Saberi to eight years in jail on charges of spying for the United States, her lawyer said on Saturday. The verdict - the harshest sentence ever meted out to a dual national on secur
Published 19 Apr, 2009 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Homemade tractors recall lost East Germany

Homemade tractors recall lost East Germany

The axles and gearbox come from a World War II tank, the engine is from the 1920s and the chassis was welded together by the farmer himself - this is the world of homemade East German tractors. In rural parts of the now-defunct communist German Democratic
Published 19 Apr, 2009 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Arab peace plan as part of Palestinian state push: US

Arab peace plan as part of Palestinian state push: US

US Middle East envoy George Mitchell said on Friday that an Arab peace initiative should be part of a planned US drive to create a Palestinian state. In three separate violent incidents in the West Bank on Friday, Israelis killed three Palestinian men, th
Published 19 Apr, 2009 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday April 20, 2009.

Published 19 Apr, 2009 12:00am
Former rich list woman on trial for China Ponzi scheme

Former rich list woman on trial for China Ponzi scheme

A 28-year-old woman once ranked as one of China's 100 richest people faces the death penalty for allegedly running the country's largest Ponzi scam, state media reported Friday. Wu Ying pleaded not guilty in a court in east China's Zhejiang province where
Published 19 Apr, 2009 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday April 20, 2009.

Published 19 Apr, 2009 12:00am
Israel primed for strikes on Iran nuclear sites: report

Israel primed for strikes on Iran nuclear sites: report

Israel's military is preparing so it could launch major aerial attacks on Iranian nuclear sites if ordered to by the new government, a British newspaper said on Saturday, quoting Israeli defence and intelligence sources. "Israel wants to know that if its
Published 19 Apr, 2009 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday April 20, 2009.

Published 19 Apr, 2009 12:00am
NWFP collects Rs 900 million taxes in three quarters

NWFP collects Rs 900 million taxes in three quarters

The Department of Excise and Taxation, NWFP collected Rs 900 million during three quarters of the current financial year securing 60 percent recovery of the set target of Rs 2 billion. This was told during a meeting on Saturday with the NWFP Minister for
Published 19 Apr, 2009 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Iran sentences US reporter to eight years in jail

Iran sentences US reporter to eight years in jail

An Iranian revolutionary court has sentenced US-Iranian journalist Roxana Saberi to eight years in jail on charges of spying for the United States, her lawyer said on Saturday. The verdict - the harshest sentence ever meted out to a dual national on secur
Published 19 Apr, 2009 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Israel primed for strikes on Iran nuclear sites: report

Israel primed for strikes on Iran nuclear sites: report

Israel's military is preparing so it could launch major aerial attacks on Iranian nuclear sites if ordered to by the new government, a British newspaper said on Saturday, quoting Israeli defence and intelligence sources. "Israel wants to know that if its
Published 19 Apr, 2009 12:00am
New trade policy to cover three years: Amin

New trade policy to cover three years: Amin

With a view to ensuring consistency in the government policies to promote international trade, the upcoming trade policy would be of three years. Commerce Minister Makhdoom Amin Fahim disclosed this while talking to media after addressing the business com
Published 19 Apr, 2009 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
New trade policy to cover three years: Amin

New trade policy to cover three years: Amin

With a view to ensuring consistency in the government policies to promote international trade, the upcoming trade policy would be of three years. Commerce Minister Makhdoom Amin Fahim disclosed this while talking to media after addressing the business com
Published 19 Apr, 2009 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Pakistan and Uzbekistan sign accord for cooperation in various sectors

Pakistan and Uzbekistan sign accord for cooperation in various sectors

Pakistan and Uzbekistan have signed a protocol to cooperate in water, power, agriculture, leather, textile, tourism and pharmaceutical sectors and to enhance bilateral trade between the two countries. The agreement was signed on Saturday in Tashkent after
Published 19 Apr, 2009 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Pakistan and Finland to boost economic ties

Pakistan and Finland to boost economic ties

Pakistan and Finland on Saturday discussed ways to boost economic and trade ties between the two countries besides exploring new avenues for co-operation. Prime Minister of Finland, Matti Vanhanen, who called on President Asif Ali Zardari here on the side
Published 19 Apr, 2009 12:00am
FBI played 'vital role' in Mumbai attacks probe: Kasab prosecutor

FBI played 'vital role' in Mumbai attacks probe: Kasab prosecutor

The US Federal Bureau of Investigation played a key part in establishing the case against the suspected Pakistani gunman on trial in India for last year's Mumbai attacks, a court was told on Saturday. "FBI investigators have played a vital role in disclos
Published 19 Apr, 2009 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
FBI played 'vital role' in Mumbai attacks probe: Kasab prosecutor

FBI played 'vital role' in Mumbai attacks probe: Kasab prosecutor

The US Federal Bureau of Investigation played a key part in establishing the case against the suspected Pakistani gunman on trial in India for last year's Mumbai attacks, a court was told on Saturday. "FBI investigators have played a vital role in disclos
Published 19 Apr, 2009 12:00am
Lalu blames Congress for Babri mosque demolition

Lalu blames Congress for Babri mosque demolition

In India Rashtriya Janata Dal (RJD) Chief Lalu Prasad on Saturday stunned everyone by saying that the Congress was as much responsible as the Bharatiya Janata Party (BJP) for the demolition of the Babri mosque in 1992. After blaming the BJP and its senior
Published 19 Apr, 2009 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
Parliament approves Sharia law in Somalia

Parliament approves Sharia law in Somalia

Somalia's parliament unanimously approved Saturday a government proposal to introduce Sharia law in the country, parliamentary deputy speaker Osman Elmi Bogore told AFP. "There were 340 members at the session and they voted unanimously for the implementat
Published 19 Apr, 2009 12:00am
Parliament approves Sharia law in Somalia

Parliament approves Sharia law in Somalia

Somalia's parliament unanimously approved Saturday a government proposal to introduce Sharia law in the country, parliamentary deputy speaker Osman Elmi Bogore told AFP. "There were 340 members at the session and they voted unanimously for the implementat
Published 19 Apr, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
All set to launch first phase of sixth national census

All set to launch first phase of sixth national census

All preparations have been completed to launch first phase of 6th national census covering 'House Listing Operation' from April 27 that will continue till May 11. However, the second phase of the census covering 'Population & Housing Census' will be launc
Published 19 Apr, 2009 12:00am
All set to launch first phase of sixth national census

All set to launch first phase of sixth national census

All preparations have been completed to launch first phase of 6th national census covering 'House Listing Operation' from April 27 that will continue till May 11. However, the second phase of the census covering 'Population & Housing Census' will be launc
Published 19 Apr, 2009 12:00am
New trade policy to cover three years: Amin

New trade policy to cover three years: Amin

With a view to ensuring consistency in the government policies to promote international trade, the upcoming trade policy would be of three years. Commerce Minister Makhdoom Amin Fahim disclosed this while talking to media after addressing the business com
Published 19 Apr, 2009 12:00am
'BBSYDP launched to alleviate poverty'

'BBSYDP launched to alleviate poverty'

Provincial Co-ordinator of Benazir Bhutto Shaheed Youth Development Programme (BBSYDP) Abdul Razaq Qureshi has said that the government has launched BBSYDP to alleviate poverty by controlling unemployment through skill development of educated youth and pr
Published 19 Apr, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
'Economic downturn a US creation'

'Economic downturn a US creation'

'Developing countries have nothing to do with current economic downturn, as it is a creation of the United States and developing world is suffering without any fault of their own.' The Ambassador, Republic of Cuba, Gustavo Machín Gómez said on Saturday. H
Published 19 Apr, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
China plans $10 billion Asean infrastructure fund: Wen

China plans $10 billion Asean infrastructure fund: Wen

China will set up a $10 billion China-Asean investment co-operation fund to support infrastructure projects in the region, Chinese Premier Wen Jiabao said on Saturday. Wen was speaking at the Boao Forum for Asia. China''s foreign minister said last Saturd
Published 19 Apr, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 18, 2009).

Published 19 Apr, 2009 12:00am
China plans $10 billion Asean infrastructure fund: Wen

China plans $10 billion Asean infrastructure fund: Wen

China will set up a $10 billion China-Asean investment co-operation fund to support infrastructure projects in the region, Chinese Premier Wen Jiabao said on Saturday. Wen was speaking at the Boao Forum for Asia. China's foreign minister said last Saturda
Published 19 Apr, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (April 18, 2009) and for Sunday (April 19, 2009).
Published 19 Apr, 2009 12:00am
China plans $10 billion Asean infrastructure fund: Wen

China plans $10 billion Asean infrastructure fund: Wen

China will set up a $10 billion China-Asean investment co-operation fund to support infrastructure projects in the region, Chinese Premier Wen Jiabao said on Saturday. Wen was speaking at the Boao Forum for Asia. China's foreign minister said last Saturda
Published 19 Apr, 2009 12:00am
The Weather

The Weather

The weather report on Saturday (April 18, 2009) and the forecast for Sunday (April 19, 2009).

Published 19 Apr, 2009 12:00am
Lalu blames Congress for Babri mosque demolition

Lalu blames Congress for Babri mosque demolition

In India Rashtriya Janata Dal (RJD) Chief Lalu Prasad on Saturday stunned everyone by saying that the Congress was as much responsible as the Bharatiya Janata Party (BJP) for the demolition of the Babri mosque in 1992. After blaming the BJP and its senior
Published 19 Apr, 2009 12:00am
Zardari and Gilani condemn Hangu suicide attack

Zardari and Gilani condemn Hangu suicide attack

President Asif Ali Zardari on Saturday strongly condemned the killing of security personnel in a suicide attack at a check-post in Hangu. The President, who is currently in China to attend the Boao Forum, condemned the attack and vowed to root out terrori
Published 19 Apr, 2009 12:00am