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Print - 2009-07-07
Massive boost in India's defence spending

Massive boost in India's defence spending

India on Monday confirmed a huge increase in military spending and offered sweeping benefits to the police, linking the ongoing drive to ramp up national security to economic development. Finance Minister Pranab Mukherjee hiked the defence budget for the
Published 07 Jul, 2009 12:00am
Massive boost in India's defence spending

Massive boost in India's defence spending

India on Monday confirmed a huge increase in military spending and offered sweeping benefits to the police, linking the ongoing drive to ramp up national security to economic development. Finance Minister Pranab Mukherjee hiked the defence budget for the
Published 07 Jul, 2009 12:00am
Withholding tax on shares sale to go: Tarin

Withholding tax on shares sale to go: Tarin

The Advisor to Prime Minister on Finance, Shaukat Tarin, has announced to abolish withholding tax applicable on shares sale. Briefing the media after his meeting with members of Karachi Stock Exchange (KSE) here on Monday he also announced that he would a
Published 07 Jul, 2009 12:00am
BRIndex30 gains 102.88 points

BRIndex30 gains 102.88 points

On Monday, the BRIndex30 opened in the positive zone, at 6,900.25, and remained there for whole of the trading time. It closed at 6,972.03 points with a net positive change of 102.88 points and percentage change of 1.50. It experienced intra-day high of 6
Published 07 Jul, 2009 12:00am
BRIndex30 gains 102.88 points

BRIndex30 gains 102.88 points

On Monday, the BRIndex30 opened in the positive zone, at 6,900.25, and remained there for whole of the trading time. It closed at 6,972.03 points with a net positive change of 102.88 points and percentage change of 1.50. It experienced intra-day high of 6
Published 07 Jul, 2009 12:00am
KSE index surges by 67.21 points

KSE index surges by 67.21 points

The Karachi share market witnessed positive trend on Monday and KSE-100 index surged by 67.21 points to close at 7,538.49 points. Trading, however, remained low and the volume at ready counter was restricted to 127.032 million shares as compared to 181.54
Published 07 Jul, 2009 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (July 06, 2009).

Published 07 Jul, 2009 12:00am
KSE index surges by 67.21 points

KSE index surges by 67.21 points

The Karachi share market witnessed positive trend on Monday and KSE-100 index surged by 67.21 points to close at 7,538.49 points. Trading, however, remained low and the volume at ready counter was restricted to 127.032 million shares as compared to 181.54
Published 07 Jul, 2009 12:00am
KSE index surges by 67.21 points

KSE index surges by 67.21 points

The Karachi share market witnessed positive trend on Monday and KSE-100 index surged by 67.21 points to close at 7,538.49 points. Trading, however, remained low and the volume at ready counter was restricted to 127.032 million shares as compared to 181.54
Published 07 Jul, 2009 12:00am
ADB, Citibank sign $1.5 billion trade finance plan for Asia

ADB, Citibank sign $1.5 billion trade finance plan for Asia

US banking giant Citi and the Asian Development Bank have agreed to jointly provide up to 1.5 billion dollars in financing to support trade in developing Asia, the ADB said Monday. Under the agreement, the two lenders "will share the risk on trade finance
Published 07 Jul, 2009 12:00am
ADB, Citibank sign $1.5 billion trade finance plan for Asia

ADB, Citibank sign $1.5 billion trade finance plan for Asia

US banking giant Citi and the Asian Development Bank have agreed to jointly provide up to 1.5 billion dollars in financing to support trade in developing Asia, the ADB said Monday. Under the agreement, the two lenders "will share the risk on trade finance
Published 07 Jul, 2009 12:00am
ADB, Citibank sign $1.5 billion trade finance plan for Asia

ADB, Citibank sign $1.5 billion trade finance plan for Asia

US banking giant Citi and the Asian Development Bank have agreed to jointly provide up to 1.5 billion dollars in financing to support trade in developing Asia, the ADB said Monday. Under the agreement, the two lenders "will share the risk on trade finance
Published 07 Jul, 2009 12:00am
Withholding tax on shares sale to go: Tarin

Withholding tax on shares sale to go: Tarin

The Advisor to Prime Minister on Finance, Shaukat Tarin, has announced to abolish withholding tax applicable on shares sale. Briefing the media after his meeting with members of Karachi Stock Exchange (KSE) here on Monday he also announced that he would a
Published 07 Jul, 2009 12:00am
Withholding tax on shares sale to go: Tarin

Withholding tax on shares sale to go: Tarin

The Advisor to Prime Minister on Finance, Shaukat Tarin, has announced to abolish withholding tax applicable on shares sale. Briefing the media after his meeting with members of Karachi Stock Exchange (KSE) here on Monday he also announced that he would a
Published 07 Jul, 2009 12:00am
Power outages from Mangla: Zardari asks Wapda chief to submit report

Power outages from Mangla: Zardari asks Wapda chief to submit report

President Asif Ali Zardari on Monday directed Water and Power Development Authority (Wapda) Chairman to submit a comprehensive report on the continued power outage from Mangla, identifying the factors responsible for this delay. The President directed the
Published 07 Jul, 2009 12:00am
Power outages from Mangla: Zardari asks Wapda chief to submit report

Power outages from Mangla: Zardari asks Wapda chief to submit report

President Asif Ali Zardari on Monday directed Water and Power Development Authority (Wapda) Chairman to submit a comprehensive report on the continued power outage from Mangla, identifying the factors responsible for this delay. The President directed the
Published 07 Jul, 2009 12:00am
Power outages from Mangla: Zardari asks Wapda chief to submit report

Power outages from Mangla: Zardari asks Wapda chief to submit report

President Asif Ali Zardari on Monday directed Water and Power Development Authority (Wapda) Chairman to submit a comprehensive report on the continued power outage from Mangla, identifying the factors responsible for this delay. The President directed the
Published 07 Jul, 2009 12:00am
Pepco clarification

Pepco clarification

Apropos a news item "Pepco admits installing inefficient plant" carried by Business Recorder on 3, July 2009, Pepco has claimed that the news item contains information that has been taken out of the context, and thus conveys an inaccurate account o
Published 07 Jul, 2009 12:00am
Pepco clarification

Pepco clarification

Apropos a news item "Pepco admits installing inefficient plant" carried by Business Recorder on 3, July 2009, Pepco has claimed that the news item contains information that has been taken out of the context, and thus conveys an inaccurate account o
Published 07 Jul, 2009 12:00am
Pepco clarification

Pepco clarification

Apropos a news item "Pepco admits installing inefficient plant" carried by Business Recorder on 3, July 2009, Pepco has claimed that the news item contains information that has been taken out of the context, and thus conveys an inaccurate account o
Published 07 Jul, 2009 12:00am
Saudi denies would let Israeli jets pass for Iran attack

Saudi denies would let Israeli jets pass for Iran attack

Saudi Arabia denied on Monday a report that it has agreed to allow Israeli warplanes to fly through the kingdom's airspace to attack Iran's nuclear sites. "Of course this is not true. We don't have any kind of relationship with the Israelis," Osama Nugali
Published 07 Jul, 2009 12:00am
Bulls dominate proceedings on ISE

Bulls dominate proceedings on ISE

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed plus sign under the lead of trend-setters amid increase in index. ISE-10 Index showed an improvement of 28.62 points, closing at 1827.65 points against 1799.
Published 07 Jul, 2009 12:00am
Bulls dominate proceedings on ISE

Bulls dominate proceedings on ISE

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed plus sign under the lead of trend-setters amid increase in index. ISE-10 Index showed an improvement of 28.62 points, closing at 1827.65 points against 1799.
Published 07 Jul, 2009 12:00am
Bullish sentiment on LSE

Bullish sentiment on LSE

Bullish sentiment dominated on Lahore Stock Exchange on Monday where banking and fertiliser sectors led the equities upward while profit taking in oil sector restricted the market to a narrow range resulting in low trading turnover. The LSE-25 index gaine
Published 07 Jul, 2009 12:00am
Bullish sentiment on LSE

Bullish sentiment on LSE

Bullish sentiment dominated on Lahore Stock Exchange on Monday where banking and fertiliser sectors led the equities upward while profit taking in oil sector restricted the market to a narrow range resulting in low trading turnover. The LSE-25 index gaine
Published 07 Jul, 2009 12:00am
Militancy destroys tourism industry in Swat: Mohmand

Militancy destroys tourism industry in Swat: Mohmand

Director Pakistan Industrial Development Corporation (PIDC) and former president Sarhad Chamber of Commerce and Industry (SCCI), Ghulam Sarwar Khan Mohmand said that militancy had destroyed the hotelier and tourism industry in Swat.
Published 07 Jul, 2009 12:00am
EGB to expand network in Pakistan: Waqar

EGB to expand network in Pakistan: Waqar

Federal Minister for Investment, Senator Waqar Ahmad Khan said here on Monday that there was an ample room for investment in Pakistan, particularly in Banking Sector. He was talking to Raza Jafar, Chairman Emirates Global Bank (EGB), UAE, who called on hi
Published 07 Jul, 2009 12:00am
Taliban launch 'iron net' against Marines

Taliban launch 'iron net' against Marines

Afghanistan's insurgent Taliban movement said Monday they had launched a guerrilla operation to thwart a major assault by newly deployed US Marines on their Helmand strongholds. Operation Foladi Jal, Pashtu for "iron net", would teach the Marines "a lesso
Published 07 Jul, 2009 12:00am
Khamenei warns West as British embassy staffer freed

Khamenei warns West as British embassy staffer freed

Iranian supreme leader Ayatollah Ali Khamenei warned Western leaders against "meddling" Monday as Britain announced that all but one its embassy staff detained in Tehran have now been freed. Khameini admitted there are "differences" among Iranians followi
Published 07 Jul, 2009 12:00am
Khamenei warns West as British embassy staffer freed

Khamenei warns West as British embassy staffer freed

Iranian supreme leader Ayatollah Ali Khamenei warned Western leaders against "meddling" Monday as Britain announced that all but one its embassy staff detained in Tehran have now been freed. Khameini admitted there are "differences" among Iranians followi
Published 07 Jul, 2009 12:00am
Indian man on death row seeks mercy

Indian man on death row seeks mercy

An Indian man condemned to death in country for spying has appealed to President Asif Ali Zardari to spare his life, his lawyer said on Monday, after the Supreme Court dismissed his petition to review the sentence. The appeal for mercy in a case being clo
Published 07 Jul, 2009 12:00am
Indian man on death row seeks mercy

Indian man on death row seeks mercy

An Indian man condemned to death in country for spying has appealed to President Asif Ali Zardari to spare his life, his lawyer said on Monday, after the Supreme Court dismissed his petition to review the sentence. The appeal for mercy in a case being clo
Published 07 Jul, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 07 Jul, 2009 12:00am
NHA plans to launch MAR system

NHA plans to launch MAR system

National Highway Authority (NHA) has planned to launch a Motorway Advisory Radio (MAR) system during current financial year 2009-10 under the public-private partnership, while the rationalisation of toll rates will also enhance NHA's revenue by around Rs
Published 07 Jul, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (July 06, 2009).

Published 07 Jul, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Jul, 2009 12:00am
Mian Mohammad Yousaf passes away

Mian Mohammad Yousaf passes away

President Sheikhupura Chamber of Commerce and Industry (SCCI), Mian Mohammad Yousaf, passed away here on Saturday night at the age of 85. Mian Yousuf was a veteran industrialist, a prominent worker of Pakistan movement, a committed social worker and also
Published 07 Jul, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jul, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jul, 2009 12:00am
LHC allows merger of fire department with rescue 1122

LHC allows merger of fire department with rescue 1122

The Lahore High Court (LHC) while dismissing a petition filed against merger of fire fighting department into rescue 1122 service, observed that amalgamation of two departments would provide better facilities to people. The petition filed by Fire Brigade
Published 07 Jul, 2009 12:00am
Outbreak of CLCV in Multan, Sahiwal and Bahawalpur

Outbreak of CLCV in Multan, Sahiwal and Bahawalpur

Cotton Research Institute, Faisalabad has pointed out the outbreak of Cotton Leaf Curl Virus (CLCV) in districts of Multan, Sahiwal and Bahawalpur and expressed the apprehension that if immediate action is not taken, it would result in its further spread.
Published 07 Jul, 2009 12:00am
Killing of brothers by bandits sparks violence

Killing of brothers by bandits sparks violence

A clash took place between demonstrators and policemen outside Awami police station in Landhi No 04 for not registering a case against killers of two brothers on Monday. According to detail, two brothers identified as Rashid (38) and Sajid (32) sons of Su
Published 07 Jul, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Monday (July 06, 2009).

Published 07 Jul, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Monday (July 06, 2009).

Published 07 Jul, 2009 12:00am
Cut in gas tariff termed inadequate

Cut in gas tariff termed inadequate

The reduction in gas prices, notified by Oil and Gas Regulatory Authority (OGRA) effective from July 1, 2009, for industrial consumers is inadequate in terms of just and fair tariff computation on the basis of existing variables, said Chairman Site Associ
Published 07 Jul, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Monday (July 06, 2009).

Published 07 Jul, 2009 12:00am
About 45,000 tons of mangoes exported in 2008-09

About 45,000 tons of mangoes exported in 2008-09

Pakistan has exported around 45,000 tons of mangoes till June 30, 2009 which is almost double of the quantity exported previous year during the same period. Pakistan Horticulture Development and Export Board (PHDEB) has fixed an export target of 100,000 t
Published 07 Jul, 2009 12:00am
SECP to approve some amendments to SAOF

SECP to approve some amendments to SAOF

The Securities and Exchange Commission of Pakistan (SECP) has decided to approve some of the amendments proposed to the new CDC Standardised Account Opening Form (SAOF) on the basis of the recommendations made by the representatives of all the three stock
Published 07 Jul, 2009 12:00am
Nine rental plants, six IPPs likely to be operational by December 2009

Nine rental plants, six IPPs likely to be operational by December 2009

Nine rental power plants and six Independent Power Producers (IPPs) are likely to be operational by December 2009, adding some 2800MW to the system besides another 700MW through hydel power projects. According to the Pakistan Electric Power Company (Pepco
Published 07 Jul, 2009 12:00am