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Print - 2009-05-30
FED on telecom services may be reduced

FED on telecom services may be reduced

The Federal Board of Revenue (FBR) is likely to reduce federal excise duty (FED) on telecommunication services from 21 percent to 16 percent in the 2009-10 budget. Sources told Business Recorder on Friday that the government had imposed 21 percent
Published 30 May, 2009 12:00am
Capital Cultural Scene: Quaid-e-Azam International Literary Awards

Capital Cultural Scene: Quaid-e-Azam International Literary Awards

The Pakistan Academy of Letters (PAL) has nominated Benazir Bhutto and Peter Curman, an eminent Swedish poet and intellectual for its highest Quaid-e-Azam International Literary awards for democracy and literature worth Rs 2 million each.
Published 30 May, 2009 12:00am
LSE loses 17.26 points

LSE loses 17.26 points

Mixed trend was witnessed on the Lahore Stock Exchange on Friday and the equities moved up and down and finally stayed in red zone on account of profit taking. The LSE-25 index lost 17.26 points and finished on the weekend at 2160.60 against 2177.86 of Th
Published 30 May, 2009 12:00am
FED on telecom services may be reduced

FED on telecom services may be reduced

The Federal Board of Revenue (FBR) is likely to reduce federal excise duty (FED) on telecommunication services from 21 percent to 16 percent in the 2009-10 budget. Sources told Business Recorder on Friday that the government had imposed 21 percent
Published 30 May, 2009 12:00am
SPORTS WORLD: Shoaib Akhtar seeking political support?

SPORTS WORLD: Shoaib Akhtar seeking political support?

After being dropped from the national squad for next month's World Twenty20 Tournament in England next month due to injury, and ban on playing in the national Twenty20 tournament, controversial fast bowler Shoaib Akhtar is reportedly busy getting politica
Published 30 May, 2009 12:00am
FED on telecom services may be reduced

FED on telecom services may be reduced

The Federal Board of Revenue (FBR) is likely to reduce federal excise duty (FED) on telecommunication services from 21 percent to 16 percent in the 2009-10 budget. Sources told Business Recorder on Friday that the government had imposed 21 percent
Published 30 May, 2009 12:00am
BRIDGE NOTES: No harm in tipping the balance

BRIDGE NOTES: No harm in tipping the balance

More often than not declarers in bridge are confronted with a monumental decision on which hinges the fate of the contract. It is only in these do-or-die situations that the above average player uses his wits and knowledge about probable ratios, percentag
Published 30 May, 2009 12:00am
New Russian plant to destroy chemical weapons

New Russian plant to destroy chemical weapons

Much of Russia's vast Cold War stockpile of chemical weapons, many with single warheads that could kill thousands, will be destroyed at a remote facility launched on Friday. Sarin, Soman and the most potent nerve gas VX are held at the plant near the Ural
Published 30 May, 2009 12:00am
Six new plants to provide 1,132 megawatts in Gepco area soon

Six new plants to provide 1,132 megawatts in Gepco area soon

The Chief Executive of Gujranwala Electricity Power Company (Gepco), Muhammad Ashraf Zahid, has said that six power generation projects were being initiated for generating 1132 megawatt electricity in Gujranwala region.
Published 30 May, 2009 12:00am
New York cotton

New York cotton

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

Published 30 May, 2009 12:00am
PAF jet crashes near Mianwali

PAF jet crashes near Mianwali

A Chinese-built Pakistan Air Force FT-7 fighter jet crashed on Friday during a training run but the pilots ejected safely, officials said. "The jet came down near Mianwali during a routine operational training mission," an air force spokesman told AFP. He
Published 30 May, 2009 12:00am
New York cotton

New York cotton

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

Published 30 May, 2009 12:00am
AkzoNobel to divest 75 percent stake in PTA to Korean company

AkzoNobel to divest 75 percent stake in PTA to Korean company

AkzoNobel has agreed to divest its 75 percent stake in the PTA (Pure Terephthalic Acid) activities of its Chemicals Pakistan business to Korean company KP Chemical Corporation (KPC). This information was given to Karachi Stock Exchange. However, financial
Published 30 May, 2009 12:00am
AkzoNobel to divest 75 percent stake in PTA to Korean company

AkzoNobel to divest 75 percent stake in PTA to Korean company

AkzoNobel has agreed to divest its 75 percent stake in the PTA (Pure Terephthalic Acid) activities of its Chemicals Pakistan business to Korean company KP Chemical Corporation (KPC). This information was given to Karachi Stock Exchange. However, financial
Published 30 May, 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 30 May, 2009 12:00am
AkzoNobel to divest 75 percent stake in PTA to Korean company

AkzoNobel to divest 75 percent stake in PTA to Korean company

AkzoNobel has agreed to divest its 75 percent stake in the PTA (Pure Terephthalic Acid) activities of its Chemicals Pakistan business to Korean company KP Chemical Corporation (KPC). This information was given to Karachi Stock Exchange. However, financial
Published 30 May, 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 30 May, 2009 12:00am
Bears return to driving seat on ISE

Bears return to driving seat on ISE

Losers outclassed gainers at Islamabad Stock Exchange (ISE) where bears returned in the driving seat under the lead of hot favourite amid increase in index. ISE Ten Index showed a decrease of 37.30 points, as it moved from 1,732.30 to 1,695.00 points. The
Published 30 May, 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 (May 29, 2009).

Published 30 May, 2009 12:00am
Bears return to driving seat on ISE

Bears return to driving seat on ISE

Losers outclassed gainers at Islamabad Stock Exchange (ISE) where bears returned in the driving seat under the lead of hot favourite amid increase in index. ISE Ten Index showed a decrease of 37.30 points, as it moved from 1,732.30 to 1,695.00 points. The
Published 30 May, 2009 12:00am
LSE loses 17.26 points

LSE loses 17.26 points

Mixed trend was witnessed on the Lahore Stock Exchange on Friday and the equities moved up and down and finally stayed in red zone on account of profit taking. The LSE-25 index lost 17.26 points and finished on the weekend at 2160.60 against 2177.86 of Th
Published 30 May, 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 (May 29, 2009).

Published 30 May, 2009 12:00am
UN offers tents and toilets to IDPs hosts

UN offers tents and toilets to IDPs hosts

The UN refugee agency is pitching tents and building toilets for the families hosting an estimated 2 million people uprooted by an offensive against the Taliban. About 200,000 are sheltering in displacement camps and the rest have sought refuge in other v
Published 30 May, 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 (May 29, 2009).

Published 30 May, 2009 12:00am
Fault in FBR web-portal: sales tax return e-filers facing hardship

Fault in FBR web-portal: sales tax return e-filers facing hardship

About 60,000 taxpayers, who were asked to remove discrepancies detected during scrutiny of sales tax returns filed electronically up to May 31 are facing hardships to resolve the issues because the system is still not able to activate revised tab in thous
Published 30 May, 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 (May 29, 2009).

Published 30 May, 2009 12:00am
Fault in FBR web-portal: sales tax return e-filers facing hardship

Fault in FBR web-portal: sales tax return e-filers facing hardship

About 60,000 taxpayers, who were asked to remove discrepancies detected during scrutiny of sales tax returns filed electronically up to May 31 are facing hardships to resolve the issues because the system is still not able to activate revised tab in thous
Published 30 May, 2009 12:00am
Fault in FBR web-portal: sales tax return e-filers facing hardship

Fault in FBR web-portal: sales tax return e-filers facing hardship

About 60,000 taxpayers, who were asked to remove discrepancies detected during scrutiny of sales tax returns filed electronically up to May 31 are facing hardships to resolve the issues because the system is still not able to activate revised tab in thous
Published 30 May, 2009 12:00am
WAPDA raises compensatory amount for Mangla dam's affectees

WAPDA raises compensatory amount for Mangla dam's affectees

The WAPDA has increased the compensatory amount for the people affected by Mangla Dam Raising Project by three times to Rs 51 billion. The sources told APP here on Friday that at the beginning of the construction work on the project, over Rs 15 billion we
Published 30 May, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 29, 2009).
Published 30 May, 2009 12:00am
New Russian plant to destroy chemical weapons

New Russian plant to destroy chemical weapons

Much of Russia's vast Cold War stockpile of chemical weapons, many with single warheads that could kill thousands, will be destroyed at a remote facility launched on Friday. Sarin, Soman and the most potent nerve gas VX are held at the plant near the Ural
Published 30 May, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 29, 2009).

Published 30 May, 2009 12:00am
New Obama 'czar' to thwart cyber spies, hackers

New Obama 'czar' to thwart cyber spies, hackers

President Barack Obama said Friday he would name a White House "cyber czar" to deter and defend against mounting criminal, espionage and hacker attacks on US government and private computer networks. "It is the great irony of our information age - the ver
Published 30 May, 2009 12:00am
Norway provides Rs one billion for IDPs

Norway provides Rs one billion for IDPs

The government of Norway has provided Rs 1 billion to Pakistan for the assistance of Internally Displaced Persons (IDPs). The Muslim community in Norway enjoys full rights and is free to express its passions in cultural, lingual, religious and other affai
Published 30 May, 2009 12:00am
North Korea fires short-range missile

North Korea fires short-range missile

North Korea on Friday fired a short-range missile off its east coast, the sixth since it staged a nuclear test earlier this week, South Korea's Yonhap news agency said. The defence ministry declined comment but the news agency's reports of five missile la
Published 30 May, 2009 12:00am
North Korea fires short-range missile

North Korea fires short-range missile

North Korea on Friday fired a short-range missile off its east coast, the sixth since it staged a nuclear test earlier this week, South Korea's Yonhap news agency said. The defence ministry declined comment but the news agency's reports of five missile la
Published 30 May, 2009 12:00am
UN disarmament forum unlocks global nuclear talks

UN disarmament forum unlocks global nuclear talks

Nuclear powers broke more than decade of deadlock on Friday by agreeing to restart talks in the Conference on Disarmament, a UN spokeswoman and diplomats said. The 65 nations in the permanent disarmament negotiating forum, which includes all nuclear weapo
Published 30 May, 2009 12:00am
New Obama 'czar' to thwart cyber spies, hackers

New Obama 'czar' to thwart cyber spies, hackers

President Barack Obama said Friday he would name a White House "cyber czar" to deter and defend against mounting criminal, espionage and hacker attacks on US government and private computer networks. "It is the great irony of our information age - the ver
Published 30 May, 2009 12:00am
New Obama ''czar'' to thwart cyber spies, hackers

New Obama ''czar'' to thwart cyber spies, hackers

President Barack Obama said Friday he would name a White House "cyber czar" to deter and defend against mounting criminal, espionage and hacker attacks on US government and private computer networks. "It is the great irony of our information age - the ver
Published 30 May, 2009 12:00am
Music legend Phil Spector sentenced to 19 years

Music legend Phil Spector sentenced to 19 years

Legendary music producer Phil Spector was sentenced Friday to 19 years in prison after being found guilty last month of murdering an actress at his Los Angeles mansion six years ago. The judge sentenced 69-year-old Spector to prison for 15 years for secon
Published 30 May, 2009 12:00am
Music legend Phil Spector sentenced to 19 years

Music legend Phil Spector sentenced to 19 years

Legendary music producer Phil Spector was sentenced Friday to 19 years in prison after being found guilty last month of murdering an actress at his Los Angeles mansion six years ago. The judge sentenced 69-year-old Spector to prison for 15 years for secon
Published 30 May, 2009 12:00am
Foreign investors withdrew $22.327 million from KSE during May

Foreign investors withdrew $22.327 million from KSE during May

Foreign investors withdrew $22.327 million from Pakistan's equity market during May 2009. The outflow of foreign investment started from 2008 due to weakening economic indicators, Mohammad Sohail, a leading analyst and CEO of Topline Securities said. The
Published 30 May, 2009 12:00am
Foreign investors withdrew $22.327 million from KSE during May

Foreign investors withdrew $22.327 million from KSE during May

Foreign investors withdrew $22.327 million from Pakistan's equity market during May 2009. The outflow of foreign investment started from 2008 due to weakening economic indicators, Mohammad Sohail, a leading analyst and CEO of Topline Securities said. The
Published 30 May, 2009 12:00am
Foreign investors withdrew $22.327 million from KSE during May

Foreign investors withdrew $22.327 million from KSE during May

Foreign investors withdrew $22.327 million from Pakistan''s equity market during May 2009. The outflow of foreign investment started from 2008 due to weakening economic indicators, Mohammad Sohail, a leading analyst and CEO of Topline Securities said. The
Published 30 May, 2009 12:00am
Muslim immigrants rally in Athens

Muslim immigrants rally in Athens

More than 1,000 Muslim immigrants and rights advocates marched peacefully through central Athens Friday to protest a police officer's alleged defacement of an extract of the Holy Quran during an identity check on an Iraqi man. Immigrant groups and human r
Published 30 May, 2009 12:00am
Muslim immigrants rally in Athens

Muslim immigrants rally in Athens

More than 1,000 Muslim immigrants and rights advocates marched peacefully through central Athens Friday to protest a police officer's alleged defacement of an extract of the Holy Quran during an identity check on an Iraqi man. Immigrant groups and human r
Published 30 May, 2009 12:00am
IDPs facing grave health risks, says Dr Idrees

IDPs facing grave health risks, says Dr Idrees

Dr M. Idrees Khan Uvas Lahore Department of Epidemiology and Public health said that IDPs were acclimated to cold weather and not familiar to the scorching heat waves of NWFP areas like Mardan, Swabi, Nowshehra and Peshawar. Talking to APP Dr Idrees said
Published 30 May, 2009 12:00am
Bank of Punjab staff gives Rs two million for IDPs

Bank of Punjab staff gives Rs two million for IDPs

Bank of Punjab (BoP) staff has contributed Rs 2 million for relief and rehabilitation Internally Displaced Persons (IDPs) from Swat and adjoining areas, according to a bank's official here on Friday. BoP's President Naeemuddin Khan said the BoP family sta
Published 30 May, 2009 12:00am
PYMA sends relief goods to IDPs

PYMA sends relief goods to IDPs

The All Pakistan Yarn Merchants Association (PYMA) has sent four trucks load of relief goods for the help of Internally Displaced Persons (IDPs) of Swat ad Malakad Division. These trucks were dispatched to the camps of the victims under the supervision of
Published 30 May, 2009 12:00am
FDPT chairman donates Rs 500,000 for IDPs

FDPT chairman donates Rs 500,000 for IDPs

Chairman, Faisalabad Dry Port Trust (FDPT) Sheikh Ashfaq Ahmed on Friday handed-over a cheque of Rs five Lakh to Dr Riaz Hussain, Principal Punjab Medical College, Faisalabad for purchase medicines for Internally Displaced Persons (IDPs) of Malakand Divis
Published 30 May, 2009 12:00am
Government urged to take measures for overcoming power crisis

Government urged to take measures for overcoming power crisis

Former Chairman of PIAF and former member of LCCI Executive Committee Mian Abuzar Shad has demanded of the government to make some extraordinary efforts to overcome the ongoing energy crisis in the whole country including Karachi as Karachi City is not th
Published 30 May, 2009 12:00am
Labourer crushed to death

Labourer crushed to death

A labourer, hit and run over by an over-speeding bus, died on Friday in a nearby village. A resident of nearby village Thaikwan Sharif EB 71, identified as Muneer Ahmed, was crossing the road after getting off from a wagon when a speeding bus hit him and
Published 30 May, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 May, 2009 12:00am
122 butchers booked for selling substandard meat

122 butchers booked for selling substandard meat

The teams of veterinary doctors from the Livestock Department raided 596 butcher shops in the city during the last two days, and caught 122 butchers who were selling substandard meat. The action was taken under the ongoing campaign against the sale of sub
Published 30 May, 2009 12:00am
Education and health are priority areas of government: Prime Minister

Education and health are priority areas of government: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that education and health are the priority areas of the government, and every effort would be made by taking all stakeholders on board to achieve the desired objectives in minimum possible time.
Published 30 May, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 30 May, 2009 12:00am
Minorities being maltreated in India: report

Minorities being maltreated in India: report

Amnesty International while noticing the state access against minorities in India said the state machinery keeps on detaining, torturing and even killing members of minorities on one or the other pretext. In its annual report for the year 2009 the interna
Published 30 May, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (May 29, 2009).

Published 30 May, 2009 12:00am
Unhygienic ice balls, drinks being sold unchecked

Unhygienic ice balls, drinks being sold unchecked

The sale of ice balls, unhygienic drinks containing ice candy, kulfy, falooda, cut fruits, contaminated food and other similar polluted eatable items is going unchecked in the Federal Capital. According to a survey carried by this agency, these items are
Published 30 May, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 May, 2009 12:00am
Nayyar for provision of basic facilities in rural areas

Nayyar for provision of basic facilities in rural areas

Syed Nayyar Hussain Bukhari, leader of the house in senate has underlined the need for provision of basic amenities in rural areas of the federal capital to allay the suffering of the people and improve their life standard. He expressed these views in a m
Published 30 May, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 May, 2009 12:00am
AIOU postgraduate exams from June 4

AIOU postgraduate exams from June 4

Allama Iqbal Open University (AIOU) has announced the examination schedule for Autumn Semester 2008 for Postgraduate programme (MA/M.Sc/M.Phil & Ph.D) from June 4, 2009. Roll No slips to eligible students have been dispatched at their given addresses by p
Published 30 May, 2009 12:00am
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