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May 10, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-05-16
300 million euro economic assistance announced

300 million euro economic assistance announced

France on Friday announced a 300 million euro aid in economic assistance and another 12 million Euros for the rehabilitation of Internally Displaced Persons in Pakistan. France also pledged to hammer out a Framework for Co-operation Agreement within the n
Published 16 May, 2009 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 16 May, 2009 12:00am
Recession strikes Germany biggest blow for 40 years

Recession strikes Germany biggest blow for 40 years

The global recession has struck exporting giant Germany the biggest blow since records began 40 years ago, with data on Friday showing a first-quarter output slump of 3.8 percent. The quarter-on-quarter contraction in Europe's biggest economy, accounting
Published 16 May, 2009 12:00am
Six insurers approved for US bailout funds: Treasury

Six insurers approved for US bailout funds: Treasury

Six major American insurance companies have received preliminary approval to receive billions of dollars in government bailout funds, a Treasury official and the firms said. A Treasury spokesman named the six as Prudential, Lincoln National, Allstate, Pri
Published 16 May, 2009 12:00am
Bank mop-up, rules, exit map key in crisis now: IMF

Bank mop-up, rules, exit map key in crisis now: IMF

The international response to the economic crisis is good in terms of monetary and fiscal policy, but more must be done on cross-border regulation of finance, IMF Managing Director Dominique Strauss-Kahn said on Friday. On a visit to Austria, he commended
Published 16 May, 2009 12:00am
300 million euro economic assistance announced

300 million euro economic assistance announced

France on Friday announced a 300 million euro aid in economic assistance and another 12 million Euros for the rehabilitation of Internally Displaced Persons in Pakistan. France also pledged to hammer out a Framework for Co-operation Agreement within the n
Published 16 May, 2009 12:00am
US CPI, production data point to easing recession

US CPI, production data point to easing recession

US consumer prices were unchanged last month and industrial output declined at a slower pace, reports showed on Friday, providing more evidence that the worst phase of the recession may be over. Signs the 17-month-old recession may be nearing an end helpe
Published 16 May, 2009 12:00am
Mitsubishi UFJ cancels plan to buy Citigroup unit

Mitsubishi UFJ cancels plan to buy Citigroup unit

Japan's biggest bank Mitsubishi UFJ Financial Group said it had cancelled its plan to buy a Japanese banking unit of US financial giant Citigroup. Mitsubishi UFJ Trust and Banking Corp, a unit of the Tokyo-based group, announced last December it agreed wi
Published 16 May, 2009 12:00am
US pressures Bank of America on board revamp

US pressures Bank of America on board revamp

US officials have urged Bank of America Corp to revamp its board and bring in directors with more banking experience, the Wall Street Journal said. A committee led by Walter Massey, the bank's new chairman, is expected to examine the strength of the board
Published 16 May, 2009 12:00am
300 million euro economic assistance announced

300 million euro economic assistance announced

France on Friday announced a 300 million euro aid in economic assistance and another 12 million Euros for the rehabilitation of Internally Displaced Persons in Pakistan. France also pledged to hammer out a Framework for Co-operation Agreement within the n
Published 16 May, 2009 12:00am
Loss-hit Mizuho to raise up to $8.4 billion

Loss-hit Mizuho to raise up to $8.4 billion

Mizuho Financial Group said it would raise up to 800 billion yen ($8.4 billion) in new capital, after reporting a third-straight quarterly loss, hit by a sharp recession and the tumbling value of its stock holdings. Japan's second largest bank on Friday r
Published 16 May, 2009 12:00am
British expenses scandal claims first minister

British expenses scandal claims first minister

British Prime Minister Gordon Brown on Friday suspended a junior minister whose expense claims are under investigation in the latest escalation of the embarrassing row. The announcement came after The Daily Telegraph revealed that junior justice minister
Published 16 May, 2009 12:00am
Political leadership backs operation: Kayani gives in-camera briefing

Political leadership backs operation: Kayani gives in-camera briefing

Political leadership on Friday supported the military operation in Malakand Division but said it should be completed within minimum possible time. Giving in-camera briefing on Swat and IDPs situation to all the political parties at the Prime Minister Hous
Published 16 May, 2009 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold was little changed on Friday, just off a six-week high hit earlier this week, torn between a soft dollar and firmer equities. Gold rose to as high as $930.40 per ounce on Wednesday, the highest since April 1, buoyed by purchases by gold-backed exchan
Published 16 May, 2009 12:00am
British expenses scandal claims first minister

British expenses scandal claims first minister

British Prime Minister Gordon Brown on Friday suspended a junior minister whose expense claims are under investigation in the latest escalation of the embarrassing row. The announcement came after The Daily Telegraph revealed that junior justice minister
Published 16 May, 2009 12:00am
The Weather

The Weather

The weather report on Friday (May 15, 2009) and the forecast for Saturday (May 16, 2009).

Published 16 May, 2009 12:00am
North Korea nullifies inter-Korean contracts

North Korea nullifies inter-Korean contracts

North Korea on Friday unilaterally declared all existing contracts with South Korea on a joint industrial park at the border town of Kaesong invalid. "We declare the nullification of all incumbent regulations and contracts regarding the Kaesong industrial
Published 16 May, 2009 12:00am
Europe first quarter recession deepened, maybe bottom

Europe first quarter recession deepened, maybe bottom

Europe sank to what may have been the recession's low point in the first quarter of this year as tumbling German exports and investment plus further sharp drops in output elsewhere hastened the pace of a year-old contraction. Official GDP estimates showed
Published 16 May, 2009 12:00am
France, in shift, urges tax cheats to repent and pay

France, in shift, urges tax cheats to repent and pay

France is for the first time allowing people to make voluntary disclosures so that those who have stashed untaxed money in secret foreign accounts can quietly come clean. Since launching a special unit, or disclosure desk, more than three weeks ago, the g
Published 16 May, 2009 12:00am
SIA sticks to Airbus A380 deliveries despite crisis

SIA sticks to Airbus A380 deliveries despite crisis

Singapore Airlines (SIA) said Friday it will take delivery of five Airbus A380 super jumbos as planned this year despite a 92 percent fall in fourth quarter net profit blamed on the global downturn. Company chief executive Chew Choon Seng said the carrier
Published 16 May, 2009 12:00am
More European insurers hit by market writedowns

More European insurers hit by market writedowns

More European insurers unveiled writedowns on their investments in a second wave of first-quarter results on Thursday, although some said sales were proving relatively resilient. Analysts said investors were left with something of a mixed picture, with si
Published 16 May, 2009 12:00am
Space race and falling inflation test UK grocers

Space race and falling inflation test UK grocers

A big rise in new selling space, a possible steep fall in food price inflation and signs of recovery at rivals in the non-food sector are likely to test the resilience of Britain's top grocers in the coming months. Supermarkets have been among the best pe
Published 16 May, 2009 12:00am
Belgacom repeats guidance, first-quarter profit down

Belgacom repeats guidance, first-quarter profit down

Belgium's dominant telecom operator, Belgacom, on Friday reported a bigger-than-expected 5 percent drop in core profit and repeated its forecast for 2009. First-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 492 mill
Published 16 May, 2009 12:00am
Belgacom repeats guidance, first-quarter profit down

Belgacom repeats guidance, first-quarter profit down

Belgium's dominant telecom operator, Belgacom, on Friday reported a bigger-than-expected 5 percent drop in core profit and repeated its forecast for 2009. First-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 492 mill
Published 16 May, 2009 12:00am
Japanese government on alert despite upbeat economic signs

Japanese government on alert despite upbeat economic signs

Japanese Finance Minister Kaoru Yosano said he would do his best to keep the jobless rate from rising to a new record, vowing to remain on guard even as the government looked set to upgrade its official view of the world's No 2 economy.
Published 16 May, 2009 12:00am
Rio shares rise on commitment to Chinalco deal

Rio shares rise on commitment to Chinalco deal

Shares in Anglo-Australian mining giant Rio Tinto gained more than seven percent Friday after it reaffirmed its commitment to a proposed 19.5 billion US dollar tie-up with China's Chinalco. Rio closed up 7.43 percent at 61.88 Australian dollars (46.76 dol
Published 16 May, 2009 12:00am
Rio shares rise on commitment to Chinalco deal

Rio shares rise on commitment to Chinalco deal

Shares in Anglo-Australian mining giant Rio Tinto gained more than seven percent Friday after it reaffirmed its commitment to a proposed 19.5 billion US dollar tie-up with China's Chinalco. Rio closed up 7.43 percent at 61.88 Australian dollars (46.76 dol
Published 16 May, 2009 12:00am
Severstal makes first-quarter loss

Severstal makes first-quarter loss

Severstal, Russia's largest steelmaker, posted a forecast-lagging second consecutive quarterly loss, hit by falling output, weak prices and big exchange rate losses as the industry's global slump persisted.
Published 16 May, 2009 12:00am
Panasonic announces $3.95 billion loss for the year

Panasonic announces $3.95 billion loss for the year

Japan's Panasonic Corp announced Friday the year's net loss of 378.96 billion yen (3.95 billion dollars) due to the economic downturn and warned its bottom line would stay in the red this year. The group, which is in the midst of cutting 15,000 jobs and c
Published 16 May, 2009 12:00am
Severstal makes first-quarter loss

Severstal makes first-quarter loss

Severstal, Russia's largest steelmaker, posted a forecast-lagging second consecutive quarterly loss, hit by falling output, weak prices and big exchange rate losses as the industry's global slump persisted.
Published 16 May, 2009 12:00am
Prices steady on cotton market

Prices steady on cotton market

Prices showed steady trend on the cotton market on Friday, as several mills took part in fresh purchasing in anticipation of further rise in the rate, dealers said. The official spot rate was left unchanged at Rs 3,700. Nearly 10,000 bales of low and fine
Published 16 May, 2009 12:00am
Tokyo rubber futures drop

Tokyo rubber futures drop

Key Tokyo rubber futures fell 2 percent to near 160 yen on Friday, erasing earlier gains after traders factored in a fire at a Thai rubber factory this week. A fire at a Thai rubber factory east of Bangkok owned by Thai Hua PCL, the nation's third-largest
Published 16 May, 2009 12:00am
Pakistan to receive $2.3 billion by June: Tarin

Pakistan to receive $2.3 billion by June: Tarin

Pakistan will receive $2.3 billion from US and other donors before end of June, Advisor to Prime Minister on Finance Shaukat Tarin told a news conference here on Friday. Giving details of his meetings at Japan, Libya, US and with International Monetary Fu
Published 16 May, 2009 12:00am
Indian sugar futures erase losses

Indian sugar futures erase losses

Indian sugar futures erased early losses to end steady on Friday due to bargain buying, but uncertainty over government policy kept prices under pressure, analysts said. "Lower-level buying is supporting prices. But market is still sceptical about the gov
Published 16 May, 2009 12:00am
July-April foreign investment down 43 percent

July-April foreign investment down 43 percent

Domestic shocks such as worst law and order situation, negative economic indicators, power shortage and future uncertainty have largely hurt foreign investment, which has posted a sharp decline of over 43 percent during the first 10 months of current fisc
Published 16 May, 2009 12:00am
Oil pauses below $59 in Asia

Oil pauses below $59 in Asia

Oil prices paused below $59 on Friday as European equities opened higher, shrugging off gloomy German economic data and a firmer dollar. Europe's main stock indexes started stronger on Friday despite data showing Germany's gross domestic product (GDP) plu
Published 16 May, 2009 12:00am
Pakistan to receive $2.3 billion by June: Tarin

Pakistan to receive $2.3 billion by June: Tarin

Pakistan will receive $2.3 billion from US and other donors before end of June, Advisor to Prime Minister on Finance Shaukat Tarin told a news conference here on Friday. Giving details of his meetings at Japan, Libya, US and with International Monetary Fu
Published 16 May, 2009 12:00am
Oil cake market rates

Oil cake market rates

The May vaida on Friday commenced with no change at Rs 871.50 amid slow trading, dealers said. The other July contact opened with 30 paisa gain at Rs 975.70, they added.
Published 16 May, 2009 12:00am
Pakistan to receive $2.3 billion by June: Tarin

Pakistan to receive $2.3 billion by June: Tarin

Pakistan will receive $2.3 billion from US and other donors before end of June, Advisor to Prime Minister on Finance Shaukat Tarin told a news conference here on Friday. Giving details of his meetings at Japan, Libya, US and with International Monetary Fu
Published 16 May, 2009 12:00am
July-April foreign investment down 43 percent

July-April foreign investment down 43 percent

Domestic shocks such as worst law and order situation, negative economic indicators, power shortage and future uncertainty have largely hurt foreign investment, which has posted a sharp decline of over 43 percent during the first 10 months of current fisc
Published 16 May, 2009 12:00am
Jordanian king wants Middle East to be economic 'powerhouse'

Jordanian king wants Middle East to be economic 'powerhouse'

Jordan's King Abdullah II on Friday called for the Middle East to become an economic "powerhouse" that could help reshape the global economy after the credit crunch. Speaking on the opening day of the World Economic Forum by the Dead Sea, the king said.
Published 16 May, 2009 12:00am
No transaction on grain market

No transaction on grain market

Firm trend was seen on the wholesale grain market on Friday as leading buyers were on the sidelines for Juma prayers.
Published 16 May, 2009 12:00am
Jordanian king wants Middle East to be economic 'powerhouse'

Jordanian king wants Middle East to be economic 'powerhouse'

Jordan's King Abdullah II on Friday called for the Middle East to become an economic "powerhouse" that could help reshape the global economy after the credit crunch. Speaking on the opening day of the World Economic Forum by the Dead Sea, the king said.
Published 16 May, 2009 12:00am
US corn futures end higher

US corn futures end higher

US corn futures closed higher on Thursday, following a strong rally in soybeans and big exports of US corn. CBOT May expired at noon and closed up 2 cents per bushel at $4.21-1/2. July was up 1-3/4 at $4.28-1/4. Funds bought 2,500 lots. USDA pegs export s
Published 16 May, 2009 12:00am
US Midwest soya higher

US Midwest soya higher

Spot basis bids for soyabeans were steady to higher in the US Midwest on Thursday amid slow farmer selling and tight supplies, while corn was steady. Farmers held tightly to their supplies of old-crop soyabeans as CBOT futures marched toward $12 a bushel
Published 16 May, 2009 12:00am
Jordanian king wants Middle East to be economic ''powerhouse''

Jordanian king wants Middle East to be economic ''powerhouse''

Jordan''s King Abdullah II on Friday called for the Middle East to become an economic "powerhouse" that could help reshape the global economy after the credit crunch. Speaking on the opening day of the World Economic Forum by the Dead Sea, the king said.
Published 16 May, 2009 12:00am
US wheat futures up

US wheat futures up

US wheat futures rose on Thursday, led by a 1.8 percent gain in Minneapolis Grain Exchange spring wheat, as fears about total production overcame bearish factors such as abundant global supplies and poor exports, traders said. Gains in US stock markets an
Published 16 May, 2009 12:00am
US rice tumbles

US rice tumbles

US rice futures on the Chicago Board of Trade tumbled on Thursday as the government's burdensome global stocks forecast for the coming season overhangs the market, traders said. Also bearish was an improved planting outlook in the top rice state of Arkans
Published 16 May, 2009 12:00am
New York sugar barely up

New York sugar barely up

Raw sugar futures closed with small gains Thursday as the market consolidated after a steep decline followed a rally that had hoisted values to nearly a three-year top, brokers said. The July raw sugar contract added 0.07 cent to finish at 15.47 cents per
Published 16 May, 2009 12:00am
July-April foreign investment down 43 percent

July-April foreign investment down 43 percent

Domestic shocks such as worst law and order situation, negative economic indicators, power shortage and future uncertainty have largely hurt foreign investment, which has posted a sharp decline of over 43 percent during the first 10 months of current fisc
Published 16 May, 2009 12:00am
US soyabean surges

US soyabean surges

Soyabean futures on the Chicago Board of Trade surged to a fresh seven-month top on Thursday, boosted by strong export sales and crush data, traders said. May soyabeans rose 16 cents to $11.66 per bushel, before expiring at midday. July soyabeans closed u
Published 16 May, 2009 12:00am
Malaysian palm oil futures lower

Malaysian palm oil futures lower

Malaysian palm futures closed lower for a second consecutive day on Friday, wiping out earlier gains of up to 2.6 percent, as volatile soy prices overshadowed the impact of strong exports, traders said. The benchmark July contract settled down 21 ringgit,
Published 16 May, 2009 12:00am
US copper lower

US copper lower

US copper futures ended barely lower on Thursday, then moved firmly into positive territory in after-hours trade when US equity markets rallied, as recent selling drew investors looking for places to work their cash. Copper for July delivery closed down 0
Published 16 May, 2009 12:00am
Political leadership backs operation: Kayani gives in-camera briefing

Political leadership backs operation: Kayani gives in-camera briefing

Political leadership on Friday supported the military operation in Malakand Division but said it should be completed within minimum possible time. Giving in-camera briefing on Swat and IDPs situation to all the political parties at the Prime Minister Hous
Published 16 May, 2009 12:00am
Malaysian tin down

Malaysian tin down

Malaysian tin fell 0.15 percent on Friday, tracking losses on the London Metal Exchange, a dealer said.
Published 16 May, 2009 12:00am
UN concerned over 'massive' displacement

UN concerned over 'massive' displacement

Over 900,000 people have been displaced by fighting between armed militants and government forces in Swat Valley since the beginning of the month, the United Nations said on Friday. Also, the UN said its humanitarian staff were receiving threats from mili
Published 16 May, 2009 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper rose on Friday, supported by a rally in equity markets, with investors focusing on economic data to assess the health of global economy. Asian stocks rose on Friday as investors bought shares that stood to benefit the most from an expected
Published 16 May, 2009 12:00am
UN concerned over 'massive' displacement

UN concerned over 'massive' displacement

Over 900,000 people have been displaced by fighting between armed militants and government forces in Swat Valley since the beginning of the month, the United Nations said on Friday. Also, the UN said its humanitarian staff were receiving threats from mili
Published 16 May, 2009 12:00am
US gold higher

US gold higher

US gold futures ended up on Thursday after trading in a narrow range, helped by investor demand for portfolio protection against inflation as well as a weaker US dollar. Gold for June delivery settled up $2.50 at $928.40 an ounce on the COMEX division of
Published 16 May, 2009 12:00am
THE RUPEE: parity stays on interbank market

THE RUPEE: parity stays on interbank market

The rupee showed no change versus dollar on the interbank market on Friday for buying and selling at 80.80 and 80.82, dealers said. The rupee managed to resist sharp losses in terms of the greenback but if the dollars' buying continued, it seems difficult
Published 16 May, 2009 12:00am
Smeda tasked to prepare economic revival plan for Malakand

Smeda tasked to prepare economic revival plan for Malakand

The Ministry of Industries has tasked Small & Medium Enterprise Development Authority (Smeda) for preparing Economic Revival Development Plan for the Malakand region. The purpose of the plan would be rehabilitation of the business activities in the Malaka
Published 16 May, 2009 12:00am
THE RUPEE: parity stays on interbank market

THE RUPEE: parity stays on interbank market

The rupee showed no change versus dollar on the interbank market on Friday for buying and selling at 80.80 and 80.82, dealers said. The rupee managed to resist sharp losses in terms of the greenback but if the dollars' buying continued, it seems difficult
Published 16 May, 2009 12:00am
Constant rise in Kibor rate decried

Constant rise in Kibor rate decried

Textile industry has deplored the constant rise in Karachi InterBank Offer Rate (Kibor) rate, saying it has mitigated the advantage of one percent reduction in discount rate by the State Bank of Pakistan (SBP). The industry circles said the prevailing dic
Published 16 May, 2009 12:00am
Hamza praises army for undertaking 'wonderful operation'

Hamza praises army for undertaking 'wonderful operation'

PML-N leader Hamza Shahbaz Friday showered praises over the Pakistan army jawans for undertaking 'wonderful operation' in unsettled hilly areas of Fata and NWFP, saying that his party 'fully supported the army'.
Published 16 May, 2009 12:00am
Massive fund raising drive in Sialkot for IDPs

Massive fund raising drive in Sialkot for IDPs

Special Advisor to Punjab Chief Minister Muhammud Mansha Ullah Butt has said that massive drive has been initiated in Sialkot like other parts of the country for fund raising and to collect relief goods for the displaced persons of Swat and Malakand. The
Published 16 May, 2009 12:00am
Faisalabad relief fund set up, account opened for cash donations

Faisalabad relief fund set up, account opened for cash donations

Faisalabad Relief Fund has been set up to collect donations for the help of Internally Displaced Persons (IDPs) of Swat and Malakand Division and account No 01-162-0004-2 has been opened in Allied Bank Regency Plaza branch to depositing the cash donations
Published 16 May, 2009 12:00am
PSO employees donate one-day salary to Prime Minister's Relief Fund

PSO employees donate one-day salary to Prime Minister's Relief Fund

The employees of Pakistan State Oil (PSO) have voluntarily donated their one day salary in the Prime Minister's Relief Fund for Internally Displaced People (IDP) of Swat, Malakand and other affected parts of NWFP. In addition to this the company is also m
Published 16 May, 2009 12:00am
NWFP allows advance salaries, pensions to IDPs

NWFP allows advance salaries, pensions to IDPs

The department of finance, government of NWFP on Friday allowed advance disbursement of pay and pensions for the month of May 2009 to the public sector employees in districts Swat, Buner, Shangla and Dir Lower of the troubled Malakand region. The withdraw
Published 16 May, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Friday (May 15, 2009).

Published 16 May, 2009 12:00am
PDMA role is nowhere in sight in relief activities of IDPs

PDMA role is nowhere in sight in relief activities of IDPs

The role of the much triumphantly established Provincial Disaster Management Authority (PDMA) is nowhere in sight in dealing the exodus of the affectees from Swat, Buner and Dir Lower due to the ongoing military operation. The low capacity of the authorit
Published 16 May, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Friday (May 15, 2009).

Published 16 May, 2009 12:00am
Jamaat-i-Islami chief terms military operation uncalled for

Jamaat-i-Islami chief terms military operation uncalled for

The Jamaat-e-Islami (JI) Chief Syed Munawar Hasan here on Friday said that military operation in Swat and bombing on civilian areas by jets and use of artillery was uncalled for. He said this operation was profitable option for US and India but had create
Published 16 May, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Friday (May 15, 2009).

Published 16 May, 2009 12:00am
Government urged to announce modalities of Benazir Tractor scheme

Government urged to announce modalities of Benazir Tractor scheme

The auto parts manufacturers and vendor industry has urged the government to immediately announce modalities of subsidised Benazir Tractor scheme involving national tractor industry as its producer which would save foreign exchange of Rs 4 billion besides
Published 16 May, 2009 12:00am
Passport issuing system fully restored

Passport issuing system fully restored

The system of the issuance of machine readable passports, delayed by strike by technical staff, has now been fully restored all over the country. According to a spokesperson of Directorate General Immigration and Passports here on Friday.
Published 16 May, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 15, 2009).

Published 16 May, 2009 12:00am
Pakistan to attend Asia Chinaplas-2009 fair

Pakistan to attend Asia Chinaplas-2009 fair

A Pakistan businessmen delegation is leaving for China to take part in the largest plastic and rubber trade fair, Asia Chinaplas-2009, to be held from May 18 to 21. Lahore Chamber of Commerce and Industry (LCCI) Executive Committee member and President Ka
Published 16 May, 2009 12:00am
Sindh chief minister directs to set up relief camps

Sindh chief minister directs to set up relief camps

Sindh Chief Minister Syed Qaim Ali Shah issued directives for setting up relief camps in Sindh for helping the affectees of Swat and Malakand. It would be part of the government's all out effort to help the affectees coming to Sindh, he said here on Frida
Published 16 May, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

With emotionally charged speech of parliamentary affairs minister Babar Awan the National Assembly concluded its debate on Swat operation. Taking his speech on its face value, it became evident that the political government seems committed to take what th
Published 16 May, 2009 12:00am
New CVT challan form sent to Law Ministry for vetting

New CVT challan form sent to Law Ministry for vetting

The Federal Board of Revenue (FBR) has sent to the Law and Justice Division for vetting the draft of the new 'Capital Value Tax (CVT) challan form' on property transactions to collect information of buyers and sellers of property through revised form.
Published 16 May, 2009 12:00am
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