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Print - 2009-06-18
EU pledges aid, Pakistan seeks trade concessions

EU pledges aid, Pakistan seeks trade concessions

The European Union pledged on Wednesday to give Islamabad millions of euros in humanitarian aid to help people displaced by fighting between Pakistan's army and the Taliban. President Asif Ali Zardari, in Brussels for the first summit between the EU and I
Published 18 Jun, 2009 12:00am
EU pledges aid, Pakistan seeks trade concessions

EU pledges aid, Pakistan seeks trade concessions

The European Union pledged on Wednesday to give Islamabad millions of euros in humanitarian aid to help people displaced by fighting between Pakistan's army and the Taliban. President Asif Ali Zardari, in Brussels for the first summit between the EU and I
Published 18 Jun, 2009 12:00am
Government plans to rename deemed duty as processing fee

Government plans to rename deemed duty as processing fee

After replacing petroleum development levy (PDL) with carbon surcharge on petroleum products, the government is planning to give cover to the much criticised "deemed duty" for oil refineries and rename it as "processing fee."
Published 18 Jun, 2009 12:00am
Value-added textile sector to get Rs 40 billion incentives: Tarin

Value-added textile sector to get Rs 40 billion incentives: Tarin

The Advisor to Prime Minister on Finance, Shaukat Tarin, has said that the government will spend Rs 40 billion during 2009-10 financial year for providing incentives to value-added textile sector, the details of which would be given in the trade policy.
Published 18 Jun, 2009 12:00am
Value-added textile sector to get Rs 40 billion incentives: Tarin

Value-added textile sector to get Rs 40 billion incentives: Tarin

The Advisor to Prime Minister on Finance, Shaukat Tarin, has said that the government will spend Rs 40 billion during 2009-10 financial year for providing incentives to value-added textile sector, the details of which would be given in the trade policy.
Published 18 Jun, 2009 12:00am
Value-added textile sector to get Rs 40 billion incentives: Tarin

Value-added textile sector to get Rs 40 billion incentives: Tarin

The Advisor to Prime Minister on Finance, Shaukat Tarin, has said that the government will spend Rs 40 billion during 2009-10 financial year for providing incentives to value-added textile sector, the details of which would be given in the trade policy.
Published 18 Jun, 2009 12:00am
Bullish sentiments dominate on LSE

Bullish sentiments dominate on LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Wednesday and the equities registered gains across the board amid marginally increased trading turnover on account of fresh entries made by the investors in anticipation of new financing m
Published 18 Jun, 2009 12:00am
Bullish sentiments dominate on LSE

Bullish sentiments dominate on LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Wednesday and the equities registered gains across the board amid marginally increased trading turnover on account of fresh entries made by the investors in anticipation of new financing m
Published 18 Jun, 2009 12:00am
PTA opposes proposed minimum tax regime

PTA opposes proposed minimum tax regime

The amendment in Sub-Section 4 of Section 134 of the Income Tax Ordinance 2001, proposed in the Finance Bill 2009 in the 2009-10 Federal budget, to introduce an "innovative" form of "minimum tax regime" by substituting final tax, could become a major sour
Published 18 Jun, 2009 12:00am
PTA opposes proposed minimum tax regime

PTA opposes proposed minimum tax regime

The amendment in Sub-Section 4 of Section 134 of the Income Tax Ordinance 2001, proposed in the Finance Bill 2009 in the 2009-10 Federal budget, to introduce an "innovative" form of "minimum tax regime" by substituting final tax, could become a major sour
Published 18 Jun, 2009 12:00am
China assures help in developing agriculture, telecom sectors

China assures help in developing agriculture, telecom sectors

The Chinese Vice-Minister for Industries and Information Technology assured that his country will help Pakistan in developing agriculture and telcom sectors. He held out the assurance during his meeting with visiting Minister for Investment Senator Waqar
Published 18 Jun, 2009 12:00am
Pepco revamps distribution infrastructure

Pepco revamps distribution infrastructure

Pakistan Electric Power Company (Pepco) has spent Rs 1709.946 million on implementing 4242 LT proposals under system augmentation programme from July 2008 to April 2009. In this programme transformers were added and upgraded, HT-LT lines were also added a
Published 18 Jun, 2009 12:00am
French tyre maker Michelin to shed 2,800 jobs: company

French tyre maker Michelin to shed 2,800 jobs: company

French tyre maker Michelin said on Wednesday it would shed 2,800 jobs through early retirement and voluntary redundancies in the next three years, sparking concern from the government. The company said it will also shut down one of its plants in northern
Published 18 Jun, 2009 12:00am
ISE index down 54.33 points

ISE index down 54.33 points

Major players and small investors adopted a cautious approach at Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index showed a decrease of 54.33 points, as the Index move
Published 18 Jun, 2009 12:00am
ISE index down 54.33 points

ISE index down 54.33 points

Major players and small investors adopted a cautious approach at Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index showed a decrease of 54.33 points, as the Index move
Published 18 Jun, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Of course our parliamentarians always complain that they are given less time to discuss and debate the issues of national importance. But it was the other way round as we witnessed in the National Assembly sitting on Wednesday. This was the second day of
Published 18 Jun, 2009 12:00am
Hazara division delegation calls on Prime Minister

Hazara division delegation calls on Prime Minister

A four member delegation of Kohistan and Hazara Division led by Prince Muhammad Nawaz Alai, MNA called on Prime Minister Syed Yousuf Raza Gilani at his Parliament House Chamber here on Wednesday. The delegation requested the Prime Minister to restore the
Published 18 Jun, 2009 12:00am
Heroin smuggling case: Saudi envoy ensures full cooperation

Heroin smuggling case: Saudi envoy ensures full cooperation

Federal Minister for Overseas Pakistanis and Parliamentary leader of MQM, Dr Farooq Sattar has said that apparently, the persons arrested in Saudi Arabia are innocent while the travel agent seems to be the real culprit. In this regard a request has been f
Published 18 Jun, 2009 12:00am
NWFP identifies 861 schemes for ADP

NWFP identifies 861 schemes for ADP

The government of NWFP has announced an Annual Development Programme (ADP) for 861 development schemes, comprising 650 ongoing and 211 new schemes.
Published 18 Jun, 2009 12:00am
22 more terrorists killed, 17 others held in operation: ISPR

22 more terrorists killed, 17 others held in operation: ISPR

The security forces continued the bombardment on the hideouts of Baitullah Mehsud's Tehreek-e-Taliban Pakistan (TTP) terrorists in South Waziristan Agency, while the US surveillance planes (drones) also continued flights over Makeen, Ladha and adjacent ar
Published 18 Jun, 2009 12:00am
Kayani embarks on daylong visit to Germany

Kayani embarks on daylong visit to Germany

The Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani on Wednesday left here for Germany on a daylong official visit. During his visit, COAS would meet the senior military leadership and other government officials of Germany.
Published 18 Jun, 2009 12:00am
Cabinet approves new Haj policy

Cabinet approves new Haj policy

The Federal Cabinet, which approved the Haj policy on Wednesday abolished discretionary quotas of President, Prime Minister and legislators. This was stated by the Minister for Information and Broadcasting, Qamar Zaman Kaira and Religious Minister Hamid S
Published 18 Jun, 2009 12:00am
Country to gain more honour, dignity: Owais

Country to gain more honour, dignity: Owais

The NWFP Governor Owais Ahmed Ghani said on Wednesday that the enemy's evil plots against Pakistan would never succeed. "Pakistan, the first nuclear and military power in the Muslim world will not only survive and progress but will also gain more honour a
Published 18 Jun, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (June 17, 2009).

Published 18 Jun, 2009 12:00am
PPL bags Best Corporate Report Award

PPL bags Best Corporate Report Award

Pakistan Petroleum Limited (PPL) bagged the Best Corporate Report Award (BCRA) for its Annual Report 2008. According to a press release, the company stood first among five shortlisted organisations in the fuel and energy sector, scaling up three positions
Published 18 Jun, 2009 12:00am
Kundi visits Pak Suzuki Motor

Kundi visits Pak Suzuki Motor

Recently Faisal Karim Kundi, Deputy Speaker National Assembly visited Pak Suzuki Motor Co Ltd Hirofumi Nagao, MD and CEO Pak Suzuki Motor Company Limited along with Satoshi Ina, DMD, Murtaza Sheikh, MEO, Jamil Ahmed, Dir. CP, Ashfaq Hussain, Sr. GM Market
Published 18 Jun, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Jun, 2009 12:00am
KCCI asks Tarin to remove 'anomalies' from budget 2009-10

KCCI asks Tarin to remove 'anomalies' from budget 2009-10

The Karachi Chamber of Commerce and Industry (KCCI), has a given 48-hour deadline to Advisor to Prime Minister on Finance, Shaukat Tarin to remove 'anomalies' from federal budget. Otherwise, they will decide future line of action, which may lead to closur
Published 18 Jun, 2009 12:00am
FBR's proposal to withdraw sales tax exemption from software rejected

FBR's proposal to withdraw sales tax exemption from software rejected

The federal government has rejected a budget proposal of the Federal Board of Revenue (FBR) to withdraw sales tax exemption on computer software. Taking the same stance, the provincial government has not imposed any kind of new tax on computer hardware an
Published 18 Jun, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Jun, 2009 12:00am
Workshop on management of shallow ground water use

Workshop on management of shallow ground water use

The Institute of Irrigation and Drainage Engineering Mehran University of Engineering and Technology organised a one-day National Workshop on the "Sustainable Management of Shallow Ground Water Use in Sindh", with the collaboration of the Higher Education
Published 18 Jun, 2009 12:00am
Three suspects with explosives arrested

Three suspects with explosives arrested

Rawalpindi Police have foiled a bid of terrorist attack, which may have caused huge deaths and destruction in the twin cities of Islamabad and Rawalpindi, and successfully arrested three suspected terrorists with suicide jackets, explosives and other leth
Published 18 Jun, 2009 12:00am
Irfan Nadeem posted as ADG 'Economic Crime Wing' FIA

Irfan Nadeem posted as ADG 'Economic Crime Wing' FIA

The federal government has transferred and posted Federal Board of Revenue (FBR) Member Direct Taxes Irfan Nadeem as Additional Director General (ADG) "Economic Crime Wing," Federal Investigation Agency (FIA) with immediate effect. In this regard, the Est
Published 18 Jun, 2009 12:00am
Saudi government asked to consider matter on humanitarian grounds

Saudi government asked to consider matter on humanitarian grounds

The government of Pakistan on Wednesday asked the Saudi government to take up the matter of detainees, accused of heroin smuggling, on the humanitarian ground and ensure justice. Following Ministry of Overseas Pakistanis request, Saudi Ambassador to Pakis
Published 18 Jun, 2009 12:00am
PPP workers to set up blood donation camps

PPP workers to set up blood donation camps

All districts presidents and general secretaries of Pakistan Peoples Party (PPP) chapter NWFP will set up blood donation camps in connection with the birth anniversary of Benazir Bhutto. Federal Minister for States and Frontier Regions (SAFRON) Najmuddin
Published 18 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Wednesday (June 17, 2009).

Published 18 Jun, 2009 12:00am
'Diamer-Bhasha Dam to bring green revolution'

'Diamer-Bhasha Dam to bring green revolution'

Federal Minister for Water and Power, Raja Pervez Ashraf has said that the construction of Diamer-Bhasha Dam would start this year as Rs 8000 million has been allocated in the recently announced federal budget for this purpose. Talking to reporters here o
Published 18 Jun, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 17, 2009).

Published 18 Jun, 2009 12:00am
BISP successfully underway in Northern Areas

BISP successfully underway in Northern Areas

Pakistan people's Party provincial President Mehdi Shah said Benazir Income Support Programme (BISP) was successfully underway in the Northern Areas. For this purpose, said he had met Federal Minister Kashmir and Northern Area Qamar Zaman Qaira and Presid
Published 18 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Wednesday (June 17, 2009).

Published 18 Jun, 2009 12:00am
'Aari wheat varieties lead to increased production'

'Aari wheat varieties lead to increased production'

Agricultural research conducted at Ayub Agricultural Research Institute (Aari) Faisalabad has got international recognition by the varieties of wheat evolved by its scientists in increasing agriculture production of the country. Director General Agricultu
Published 18 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Wednesday (June 17, 2009).

Published 18 Jun, 2009 12:00am
Netherlands' additional two million euro aid for IDPs

Netherlands' additional two million euro aid for IDPs

Netherlands on Wednesday announced an additional Euros two million (Rupees 223 million) aid for the Internally Displaced Persons (IDPs) in Pakistan. According to Netherlands embassy, out of this aid, one million Euros will be forwarded to UNHCR and the ot
Published 18 Jun, 2009 12:00am
People present Rs 13.75 million to Shahbaz for IDPs

People present Rs 13.75 million to Shahbaz for IDPs

People belonging to various walks of life called on Punjab Chief Minister, Muhammad Shahbaz Sharif, here on Wednesday and presented him Rs 13.75 million for relief and rehabilitation of Internally Displaced Persons (IDPs). Talking on this occasion, Shahba
Published 18 Jun, 2009 12:00am
PPA donates Rs 8.4 million for IDPs

PPA donates Rs 8.4 million for IDPs

Pakistan Poultry Association (PPA) (Northern Zone) presented a cheque of Rs 8.4 millions to Mian Shehbaz Sharif as donation to Chief Minister's Relief Fund for rehabilitation of Internally Displaced People (IDPs).
Published 18 Jun, 2009 12:00am
World Refugee Day on June 20

World Refugee Day on June 20

Nations around the globe are marking World Refugee Day on June 20 2009. The United Nations' (UN) World Refugee Day is observed on June 20 each year. This event honours the courage, strength and determination of women, men and children who are forced to fl
Published 18 Jun, 2009 12:00am
Multan Chamber welcomes Punjab budget

Multan Chamber welcomes Punjab budget

The Multan Chamber of Commerce and Industry (MCCI) on Wednesday hailed the Punjab government for presenting a people- and business-friendly budget. In a statement issued here, the MCCI President, Anis Ahmed, and Senior Vice President, Brigadier Ata ullah
Published 18 Jun, 2009 12:00am
Leader calls for consensus on national issues

Leader calls for consensus on national issues

Sindh's nationalist leader and human rights activist, Jam Saqi has called upon all the thinking individuals of the country to strive for forging unity in the ranks of the nation, as the country is confronted with hostile circumstances presently. He was ad
Published 18 Jun, 2009 12:00am
THE RUPEE: dollar holds parity on interbank market

THE RUPEE: dollar holds parity on interbank market

The rupee moved both ways on the currency market on Wednesday in process of trading, dealers said. On the interbank market the rupee firmly held its overnight levels against dollar for buying and selling at 81.05 and 81.10, they said. The local currency m
Published 18 Jun, 2009 12:00am
Four of a family killed in train-rickshaw collision

Four of a family killed in train-rickshaw collision

Four persons of a family were killed when a rickshaw collided with a train near Jahanian on Wednesday morning. The Railway officials said the family belonged to Hasilpur, district Bahawalpur. The rickshaw was crossing a gateless level crossing near Chak 1
Published 18 Jun, 2009 12:00am
THE RUPEE: dollar holds parity on interbank market

THE RUPEE: dollar holds parity on interbank market

The rupee moved both ways on the currency market on Wednesday in process of trading, dealers said. On the interbank market the rupee firmly held its overnight levels against dollar for buying and selling at 81.05 and 81.10, they said. The local currency m
Published 18 Jun, 2009 12:00am
Multan Chamber welcomes Punjab budget

Multan Chamber welcomes Punjab budget

The Multan Chamber of Commerce and Industry (MCCI) on Wednesday hailed the Punjab government for presenting a people- and business-friendly budget. In a statement issued here, the MCCI President, Anis Ahmed, and Senior Vice President, Brigadier Ata ullah
Published 18 Jun, 2009 12:00am
Incidence of water-borne diseases in Sialkot alarming

Incidence of water-borne diseases in Sialkot alarming

The number of patients admitted to hospitals with water borne diseases has increased about 200 percent in the last two decades. The National Conservation Strategy (NCS) report reveals that about 40 percent of deaths were related to water-borne diseases.
Published 18 Jun, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 17, 2009).

Published 18 Jun, 2009 12:00am
Advisory to cotton growers against CLCV

Advisory to cotton growers against CLCV

The white fly spreads virus in cotton plants requiring remedial measures to contain it. EDO Agriculture Shahzad Sabir, while talking to a group of farmers on Wednesday, advised them to take precautionary steps to prevent the spread of cotton leaf curl vir
Published 18 Jun, 2009 12:00am
Balochistan Assembly to meet on June 20

Balochistan Assembly to meet on June 20

Governor Balochistan, Nawab Zulfikar Ali Magsi, has summoned the Provincial Assembly to meet on June 20, Saturday here at 6pm at the Provincial Assembly Hall. It was officially notified on Wednesday. According to sources, during this session, the provinci
Published 18 Jun, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 17, 2009).

Published 18 Jun, 2009 12:00am
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