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Print - 2009-07-03
US Marines capture Afghan district

US Marines capture Afghan district

Thousands of US Marines poured into Afghanistan's Taliban heartlands Thursday, quickly capturing a district in the first major assault of President Barack Obama's new war plan. Dozens of aircraft ferried out the Marines from bases before dawn, aiming to t
Published 03 Jul, 2009 12:00am
US puts sanctions on Iraq group, Iran adviser

US puts sanctions on Iraq group, Iran adviser

The United States imposed financial sanctions Thursday on an adviser to Iran's Islamic Revolutionary Guard Corps and a Iraq-based Shia group Kata'ib Hezbollah, branded a foreign terrorist outfit. The US Treasury Department said it froze the assets of Abu
Published 03 Jul, 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 03 Jul, 2009 12:00am
US puts sanctions on Iraq group, Iran adviser

US puts sanctions on Iraq group, Iran adviser

The United States imposed financial sanctions Thursday on an adviser to Iran's Islamic Revolutionary Guard Corps and a Iraq-based Shia group Kata'ib Hezbollah, branded a foreign terrorist outfit. The US Treasury Department said it froze the assets of Abu
Published 03 Jul, 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 03 Jul, 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 Thursday (July 02, 2009).

Published 03 Jul, 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 Thursday (July 02, 2009).

Published 03 Jul, 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 Thursday (July 02, 2009).

Published 03 Jul, 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 Thursday (July 02, 2009).

Published 03 Jul, 2009 12:00am
FBR collects over Rs 1,150 billion in July-June

FBR collects over Rs 1,150 billion in July-June

The Federal Board of Revenue (FBR) has provisionally collected over and above Rs 1,150 billion during July-June (2008-09) against the downward revised target of Rs 1,179 billion, reflecting a shortfall of Rs 29 billion. According to the FBR revenue collec
Published 03 Jul, 2009 12:00am
FBR collects over Rs 1,150 billion in July-June

FBR collects over Rs 1,150 billion in July-June

The Federal Board of Revenue (FBR) has provisionally collected over and above Rs 1,150 billion during July-June (2008-09) against the downward revised target of Rs 1,179 billion, reflecting a shortfall of Rs 29 billion. According to the FBR revenue collec
Published 03 Jul, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 02, 2009).
Published 03 Jul, 2009 12:00am
Traders' strike fizzled out

Traders' strike fizzled out

Shutter-down strike in Faisalabad against load-shedding and exorbitant taxes has fizzled out due to split of Anjuman-e-Tajiran (AT) into two groups. The strike call was given by Mian Rizwan Siddique, President, Anjuman-e-Tajiran (Sher Group), while the di
Published 03 Jul, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 02, 2009).

Published 03 Jul, 2009 12:00am
Pepco admits installing inefficient rental plants

Pepco admits installing inefficient rental plants

Pakistan Electric Power Company (Pepco), much maligned by the public throughout the country for long and unscheduled outages, has made a shocking revelation that the recent power crisis has compelled it to install the most inefficient and expensive rental
Published 03 Jul, 2009 12:00am
IMF seeks key fiscal data: Pakistan-Fund meeting today

IMF seeks key fiscal data: Pakistan-Fund meeting today

The International Monetary Fund (IMF) has requested Pakistani authorities to provide statistics with respect to interest and amortisation payments of major public enterprises, budgetary expenditures, including subsidies, grants, net lending and earthquake
Published 03 Jul, 2009 12:00am
IMF seeks key fiscal data: Pakistan-Fund meeting today

IMF seeks key fiscal data: Pakistan-Fund meeting today

The International Monetary Fund (IMF) has requested Pakistani authorities to provide statistics with respect to interest and amortisation payments of major public enterprises, budgetary expenditures, including subsidies, grants, net lending and earthquake
Published 03 Jul, 2009 12:00am
BRIndex30 index up by 241.25 points

BRIndex30 index up by 241.25 points

On Thursday, BRIndex30 opened in the green zone at 6,684.75 and remained there for whole of the trading time. It closed at 6,900.70 with a net positive change of 241.25 points and percentage change of 3.62. It experienced intra-day high of 6,907.11 and in
Published 03 Jul, 2009 12:00am
BRIndex30 index up by 241.25 points

BRIndex30 index up by 241.25 points

On Thursday, BRIndex30 opened in the green zone at 6,684.75 and remained there for whole of the trading time. It closed at 6,900.70 with a net positive change of 241.25 points and percentage change of 3.62. It experienced intra-day high of 6,907.11 and in
Published 03 Jul, 2009 12:00am
KSE stages a big rally

KSE stages a big rally

Healthy buying supported the benchmark KSE-100 index to breach 7,500 psychological level to hit 7,503.32 points intra-day high level on Thursday. The local institutions and retail investors joined the rally following the continuous foreign investors'' int
Published 03 Jul, 2009 12:00am
KSE stages a big rally

KSE stages a big rally

Healthy buying supported the benchmark KSE-100 index to breach 7,500 psychological level to hit 7,503.32 points intra-day high level on Thursday. The local institutions and retail investors joined the rally following the continuous foreign investors' inte
Published 03 Jul, 2009 12:00am
KSE stages a big rally

KSE stages a big rally

Healthy buying supported the benchmark KSE-100 index to breach 7,500 psychological level to hit 7,503.32 points intra-day high level on Thursday. The local institutions and retail investors joined the rally following the continuous foreign investors' inte
Published 03 Jul, 2009 12:00am
FBR collects over Rs 1,150 billion in July-June

FBR collects over Rs 1,150 billion in July-June

The Federal Board of Revenue (FBR) has provisionally collected over and above Rs 1,150 billion during July-June (2008-09) against the downward revised target of Rs 1,179 billion, reflecting a shortfall of Rs 29 billion. According to the FBR revenue collec
Published 03 Jul, 2009 12:00am
Bullish rally continues on LSE

Bullish rally continues on LSE

Bullish rally continued for the second consecutive day on the Lahore Stock Exchange (LSE) on Thursday and the equities extended further gains amid improved trading turnover on account of strong support in oil, banking, cement and fertiliser sectors.
Published 03 Jul, 2009 12:00am
IMF seeks key fiscal data: Pakistan-Fund meeting today

IMF seeks key fiscal data: Pakistan-Fund meeting today

The International Monetary Fund (IMF) has requested Pakistani authorities to provide statistics with respect to interest and amortisation payments of major public enterprises, budgetary expenditures, including subsidies, grants, net lending and earthquake
Published 03 Jul, 2009 12:00am
Bullish rally continues on LSE

Bullish rally continues on LSE

Bullish rally continued for the second consecutive day on the Lahore Stock Exchange (LSE) on Thursday and the equities extended further gains amid improved trading turnover on account of strong support in oil, banking, cement and fertiliser sectors.
Published 03 Jul, 2009 12:00am
ADB and IDB launch Islamic infrastructure fund

ADB and IDB launch Islamic infrastructure fund

The Asian Development Bank and the Islamic Development Bank have launched a $500 million Islamic infrastructure fund, manager and adviser CIMB Standard said on Thursday. The two banks said last month they would set up the fund to invest in the 12 countrie
Published 03 Jul, 2009 12:00am
ADB and IDB launch Islamic infrastructure fund

ADB and IDB launch Islamic infrastructure fund

The Asian Development Bank and the Islamic Development Bank have launched a $500 million Islamic infrastructure fund, manager and adviser CIMB Standard said on Thursday. The two banks said last month they would set up the fund to invest in the 12 countrie
Published 03 Jul, 2009 12:00am
ADB and IDB launch Islamic infrastructure fund

ADB and IDB launch Islamic infrastructure fund

The Asian Development Bank and the Islamic Development Bank have launched a $500 million Islamic infrastructure fund, manager and adviser CIMB Standard said on Thursday. The two banks said last month they would set up the fund to invest in the 12 countrie
Published 03 Jul, 2009 12:00am
ISE index up 60.39 points

ISE index up 60.39 points

Equities continued to show healthy signs at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings under the lead of trendsetters amid increase in index. ISE Ten Index was plus by 60.39 points, as the Index moved from 1,746.86 to 1,807.2
Published 03 Jul, 2009 12:00am
ISE index up 60.39 points

ISE index up 60.39 points

Equities continued to show healthy signs at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings under the lead of trendsetters amid increase in index. ISE Ten Index was plus by 60.39 points, as the Index moved from 1,746.86 to 1,807.2
Published 03 Jul, 2009 12:00am
US to give details on regulatory reforms next week

US to give details on regulatory reforms next week

The Obama administration is aiming to release next week detailed legislative language for its proposals on corporate governance, shareholder rights, and derivatives regulation, a source familiar with government plans said Thursday.
Published 03 Jul, 2009 12:00am
Pakistan's foreign exchange reserves rise to $11.84 billion

Pakistan's foreign exchange reserves rise to $11.84 billion

Pakistan's foreign exchange reserves rose by 70 million dollars to 11.84 billion dollars in the week that ended on June 27, compared with 11.77 billion dollars the previous week, a central bank spokesman said on Thursday. The State Bank of Pakistan's rese
Published 03 Jul, 2009 12:00am
Indian court rules gay sex legal

Indian court rules gay sex legal

New Delhi's highest court issued a landmark ruling Thursday that decriminalised gay sex between consenting adults in India by declaring a colonial-era ban on homosexuality unconstitutional. The decision by the Delhi High Court was hailed by gay activists
Published 03 Jul, 2009 12:00am
Indian court rules gay sex legal

Indian court rules gay sex legal

New Delhi's highest court issued a landmark ruling Thursday that decriminalised gay sex between consenting adults in India by declaring a colonial-era ban on homosexuality unconstitutional. The decision by the Delhi High Court was hailed by gay activists
Published 03 Jul, 2009 12:00am
Asia will be first to rise out of global recession: ADB

Asia will be first to rise out of global recession: ADB

Asia's recession appears to have touched bottom and the region is likely to be the first to climb out of the global economic slowdown, the Asian Development Bank's chief economist said Thursday. However, ADB's Lee Jong-Wha said it would be difficult for t
Published 03 Jul, 2009 12:00am
Norway shuts embassy

Norway shuts embassy

Norwegian embassy in Islamabad has been closed after a threatening letter was received regarding the presence of bomb in the embassy. The embassy had received a threatening letter and it was evacuated and after bomb disposal squad checked the embassy prem
Published 03 Jul, 2009 12:00am
Norway shuts embassy

Norway shuts embassy

Norwegian embassy in Islamabad has been closed after a threatening letter was received regarding the presence of bomb in the embassy. The embassy had received a threatening letter and it was evacuated and after bomb disposal squad checked the embassy prem
Published 03 Jul, 2009 12:00am
Tajikistan seeks business access through Pakistani ports

Tajikistan seeks business access through Pakistani ports

Tajikistan is in a dire need of access to the world through Pakistani ports like Gwadar and Pakistan is also looking to import Tajik power to its northern areas, as it has the huge hydropower potentials and cheapest electricity in the world.
Published 03 Jul, 2009 12:00am
Pakistan a gateway of trade and commerce for Central Asia

Pakistan a gateway of trade and commerce for Central Asia

Pakistan really can be a gateway of the Central Asia for trade and commerce and that would be a tremendous source of revenue stated Ambassador, Extraordinary and Plenipotentiary of Tajikistan, Zubaydov Zubaydullo Najotovich during a call on with the Feder
Published 03 Jul, 2009 12:00am
NWFP carpet industry produces $150 million worth annually

NWFP carpet industry produces $150 million worth annually

The Carpet industry business, worth US $150 million, takes place annually in the NWFP, in which 70 percent products are produced locally and the rest come from neighbouring Afghanistan. This was stated by the members of a delegation of the Pakistan Hand K
Published 03 Jul, 2009 12:00am
PTA busts illegal gateway exchange

PTA busts illegal gateway exchange

Pakistan Telecommunication Authority (PTA), in collaboration with Federal investigation Agency (FIA) officials has busted another illegal international gateway exchange in Islamabad, making a total tally of six within two months.
Published 03 Jul, 2009 12:00am
North Korea fires two short-range missiles

North Korea fires two short-range missiles

North Korea on Thursday fired two short-range missiles, fuelling tensions sparked by its nuclear stand-off, as a US team began talks in China on ways to make UN sanctions bite against Pyongyang. The missiles were launched in the early evening from a base
Published 03 Jul, 2009 12:00am
Timely completion of E-35 Expressway assured

Timely completion of E-35 Expressway assured

The Federal Minister for Communications Dr Arbab Alamgir Khan Khalil has said that the government will make use of all the resources for a timely completion of Hassanabdal-Mansehra Expressway (E-35). The Federal Minister expressed these views in a high le
Published 03 Jul, 2009 12:00am
Bid to blow up Quetta Express foiled

Bid to blow up Quetta Express foiled

Quetta police on Thursday foiled a terrorism bid to blow up Quetta-Rawalpindi bound passenger train, Quetta Express, after defusing 10-kilograms explosives planted by the track in Killi Zareen area, in jurisdiction of New Sariab police station in outskirt
Published 03 Jul, 2009 12:00am
Ahmed Zai tribes to keep peace deal intact

Ahmed Zai tribes to keep peace deal intact

The Ahmed Zai tribes of South Waziristan Agency on Thursday announced to stand by with the peace agreement of 2007 and will co-operate with the government for restoration of peace and tranquillity in the agency. The tribesmen and Taliban commander Molvi N
Published 03 Jul, 2009 12:00am
Zardari for enhancing trade within Saarc countries

Zardari for enhancing trade within Saarc countries

President Asif Ali Zardari on Thursday asked the Saarc Chamber of Commerce and Industry (SCCI) to undertake extensive visits of the countries in the region for enhancing trade and commerce wherever possible within the eight nation grouping.
Published 03 Jul, 2009 12:00am
Forces tighten noose around militants

Forces tighten noose around militants

Security forces have tightened their grip around terrorists as they have intercepted a telephonic conversation between Swat Taliban chief Maulvi Fazlullah and his spokesman Muslim Khan in which Fazlullah said he is seriously injured, Defence Sources told
Published 03 Jul, 2009 12:00am