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Print - 2009-08-13
Afridi inspires Pakistan's Twenty20 win

Afridi inspires Pakistan's Twenty20 win

Shahid Afridi shone with bat and ball on his debut as Pakistan's Twenty20 captain to steer the world champions to an emphatic 52-run win over Sri Lanka here on Wednesday. Afridi smashed 50 off 37 balls in Pakistan's 172-5, then claimed 1-21 in four econom
Published 13 Aug, 2009 12:00am
US wheat futures fall

US wheat futures fall

US wheat futures closed lower on Tuesday, posting new contract lows, amid ample world supplies of wheat and a downturn in crude oil and equities. Chicago Board of Trade September wheat ended down 9 cents at $4.85-1/4 per bushel, after falling to a new con
Published 13 Aug, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 140,106 tonnes of cargo including 106,434 tonnes import and 33,672 tonnes export cargo including 2,921 empty and loaded containers during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 98,536 tonnes dry ca
Published 13 Aug, 2009 12:00am
Indian rice crop hopes slashed

Indian rice crop hopes slashed

Below-normal monsoon rains in India have slashed prospects for rice production in one of the world's largest consumers and exporters of the crop, the US Agriculture Department said on Wednesday, projecting India's rice crop would be the smallest in five y
Published 13 Aug, 2009 12:00am
Mumbai attacks trial: FBI agents give evidence

Mumbai attacks trial: FBI agents give evidence

Agents from the US Federal Bureau of Investigation (FBI) on Wednesday gave evidence at the trial of the sole surviving gunman of the deadly Mumbai attacks. The first witness, an FBI electronic engineer and forensic expert, told a special prison court that
Published 13 Aug, 2009 12:00am
Mumbai attacks trial: FBI agents give evidence

Mumbai attacks trial: FBI agents give evidence

Agents from the US Federal Bureau of Investigation (FBI) on Wednesday gave evidence at the trial of the sole surviving gunman of the deadly Mumbai attacks. The first witness, an FBI electronic engineer and forensic expert, told a special prison court that
Published 13 Aug, 2009 12:00am
New York cotton

New York cotton

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

Published 13 Aug, 2009 12:00am
Country no longer known for its premium cotton quality: Prime Minister

Country no longer known for its premium cotton quality: Prime Minister

The Federal Cabinet on Wednesday approved textile policy for the next five years with a view to turning around the dwindling growth of textile sector on a sustainable basis. Addressing the Special Cabinet meeting Prime Minister underlined the need of incr
Published 13 Aug, 2009 12:00am
New York cotton

New York cotton

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

Published 13 Aug, 2009 12:00am
Relief under NRO: CJP urged to form larger bench

Relief under NRO: CJP urged to form larger bench

A two-member bench of the apex court on Wednesday proposed to Chief Justice Iftikhar Muhammad Chaudhry to constitute a larger bench to evaluate and ascertain the criterion for extending relief under the National Reconciliation Ordinance (NRO). The bench,
Published 13 Aug, 2009 12:00am
Relief under NRO: CJP urged to form larger bench

Relief under NRO: CJP urged to form larger bench

A two-member bench of the apex court on Wednesday proposed to Chief Justice Iftikhar Muhammad Chaudhry to constitute a larger bench to evaluate and ascertain the criterion for extending relief under the National Reconciliation Ordinance (NRO). The bench,
Published 13 Aug, 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 13 Aug, 2009 12:00am
FBR to analyse ADP, foreign funded projects

FBR to analyse ADP, foreign funded projects

The Federal Board of Revenue (FBR) has decided to analyse mega projects of the Annual Development Plan for 2009-10 and foreign funded infrastructure development projects of international donor agencies to bring all kinds of contractors into the tax net.
Published 13 Aug, 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 13 Aug, 2009 12:00am
FBR to analyse ADP, foreign funded projects

FBR to analyse ADP, foreign funded projects

The Federal Board of Revenue (FBR) has decided to analyse mega projects of the Annual Development Plan for 2009-10 and foreign funded infrastructure development projects of international donor agencies to bring all kinds of contractors into the tax net.
Published 13 Aug, 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 Wednesday (August 12, 2009).

Published 13 Aug, 2009 12:00am
FBR to analyse ADP, foreign funded projects

FBR to analyse ADP, foreign funded projects

The Federal Board of Revenue (FBR) has decided to analyse mega projects of the Annual Development Plan for 2009-10 and foreign funded infrastructure development projects of international donor agencies to bring all kinds of contractors into the tax net.
Published 13 Aug, 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 Wednesday (August 12, 2009).

Published 13 Aug, 2009 12:00am
Country no longer known for its premium cotton quality: Prime Minister

Country no longer known for its premium cotton quality: Prime Minister

The Federal Cabinet on Wednesday approved textile policy for the next five years with a view to turning around the dwindling growth of textile sector on a sustainable basis. Addressing the Special Cabinet meeting Prime Minister underlined the need of incr
Published 13 Aug, 2009 12:00am
Country no longer known for its premium cotton quality: Prime Minister

Country no longer known for its premium cotton quality: Prime Minister

The Federal Cabinet on Wednesday approved textile policy for the next five years with a view to turning around the dwindling growth of textile sector on a sustainable basis. Addressing the Special Cabinet meeting Prime Minister underlined the need of incr
Published 13 Aug, 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 Wednesday (August 12, 2009).

Published 13 Aug, 2009 12:00am
Country no longer known for its premium cotton quality: Prime Minister

Country no longer known for its premium cotton quality: Prime Minister

The Federal Cabinet on Wednesday approved textile policy for the next five years with a view to turning around the dwindling growth of textile sector on a sustainable basis. Addressing the Special Cabinet meeting Prime Minister underlined the need of incr
Published 13 Aug, 2009 12:00am
Over 100 killed in clashes between militia, militants

Over 100 killed in clashes between militia, militants

More than 100 people were killed and dozens injured Tuesday in clashes between militants and a pro-government militia in Pakistan's ungoverned tribal belt that borders Afghanistan, intelligence officials said. The fighting erupted in the Jandola area of S
Published 13 Aug, 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 Wednesday (August 12, 2009).

Published 13 Aug, 2009 12:00am
Over 100 killed in clashes between militia, militants

Over 100 killed in clashes between militia, militants

More than 100 people were killed and dozens injured Tuesday in clashes between militants and a pro-government militia in Pakistan's ungoverned tribal belt that borders Afghanistan, intelligence officials said. The fighting erupted in the Jandola area of S
Published 13 Aug, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (August 12, 2009).
Published 13 Aug, 2009 12:00am
Five Pakistanis shot dead in Somalia

Five Pakistanis shot dead in Somalia

Masked gunmen killed seven Pakistani preachers at a mosque in Somalia's Puntland region on Wednesday, residents and local officials said. Puntland is a base for pirates targeting the Gulf of Aden, but has been more peaceful than the rest of the failed Hor
Published 13 Aug, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (August 12, 2009).

Published 13 Aug, 2009 12:00am
Five Pakistanis shot dead in Somalia

Five Pakistanis shot dead in Somalia

Masked gunmen killed seven Pakistani preachers at a mosque in Somalia's Puntland region on Wednesday, residents and local officials said. Puntland is a base for pirates targeting the Gulf of Aden, but has been more peaceful than the rest of the failed Hor
Published 13 Aug, 2009 12:00am
Pakistan receives $1.2 billion from IMF

Pakistan receives $1.2 billion from IMF

Pakistan on Wednesday received 1.2 billion dollars from International Monetary Fund (IMF), sources said. The amount comprises 840 million dollars of the third tranche of the Stand-By Arrangement and 360 million dollars of an augmentation sanctioned by IMF
Published 13 Aug, 2009 12:00am
Pakistan receives $1.2 billion from IMF

Pakistan receives $1.2 billion from IMF

Pakistan on Wednesday received 1.2 billion dollars from International Monetary Fund (IMF), sources said. The amount comprises 840 million dollars of the third tranche of the Stand-By Arrangement and 360 million dollars of an augmentation sanctioned by IMF
Published 13 Aug, 2009 12:00am
Pakistan receives $1.2 billion from IMF

Pakistan receives $1.2 billion from IMF

Pakistan on Wednesday received 1.2 billion dollars from International Monetary Fund (IMF), sources said. The amount comprises 840 million dollars of the third tranche of the Stand-By Arrangement and 360 million dollars of an augmentation sanctioned by IMF
Published 13 Aug, 2009 12:00am
KSE index: 13.96 points rise

KSE index: 13.96 points rise

Profit taking in late hours minimised the day's early gains at Karachi stock market on Wednesday and the KSE-100 index closed at 8,058.46 points with a gain of mere 13.96 points. The market opened on a positive note and the index hit 8,134.58 points intra
Published 13 Aug, 2009 12:00am
KSE index: 13.96 points rise

KSE index: 13.96 points rise

Profit taking in late hours minimised the day''s early gains at Karachi stock market on Wednesday and the KSE-100 index closed at 8,058.46 points with a gain of mere 13.96 points. The market opened on a positive note and the index hit 8,134.58 points intr
Published 13 Aug, 2009 12:00am
GoP-Etisalat dispute: Prime Minister constitutes ministerial committee

GoP-Etisalat dispute: Prime Minister constitutes ministerial committee

mmittee to resolve the dispute between the GoP and Etisalat International with management control after purchase of 26 percent shares of Class B shares in Pakistan Telecommunication Company Limited (PTCL) on issuance of Long Distance International (LDI) l
Published 13 Aug, 2009 12:00am
GoP-Etisalat dispute: Prime Minister constitutes ministerial committee

GoP-Etisalat dispute: Prime Minister constitutes ministerial committee

mmittee to resolve the dispute between the GoP and Etisalat International with management control after purchase of 26 percent shares of Class B shares in Pakistan Telecommunication Company Limited (PTCL) on issuance of Long Distance International (LDI) l
Published 13 Aug, 2009 12:00am
KSE index: 13.96 points rise

KSE index: 13.96 points rise

Profit taking in late hours minimised the day's early gains at Karachi stock market on Wednesday and the KSE-100 index closed at 8,058.46 points with a gain of mere 13.96 points. The market opened on a positive note and the index hit 8,134.58 points intra
Published 13 Aug, 2009 12:00am
Hardly any concrete step

Hardly any concrete step

The Textile Policy is very much in line with its recently announced action-less trade policy. "Here the efforts will have to focus on fashion and design and branding", "entrepreneurs will be encouraged", "government will endeavour", "steps will be taken",
Published 13 Aug, 2009 12:00am
Hardly any concrete step

Hardly any concrete step

The Textile Policy is very much in line with its recently announced action-less trade policy. "Here the efforts will have to focus on fashion and design and branding", "entrepreneurs will be encouraged", "government will endeavour", "steps will be taken",
Published 13 Aug, 2009 12:00am
GoP-Etisalat dispute: Prime Minister constitutes ministerial committee

GoP-Etisalat dispute: Prime Minister constitutes ministerial committee

mmittee to resolve the dispute between the GoP and Etisalat International with management control after purchase of 26 percent shares of Class B shares in Pakistan Telecommunication Company Limited (PTCL) on issuance of Long Distance International (LDI) l
Published 13 Aug, 2009 12:00am
Equities depict mixed trend on LSE

Equities depict mixed trend on LSE

Equities depicted mixed trend on the Lahore Stock Exchange (LSE) on Wednesday and finally succumbed of profit taking amid selling pressure in the cement and oil sectors shares. The LSE-25 index slide down by 3.51 points and ended at 2449.56 against 2453.0
Published 13 Aug, 2009 12:00am
Equities depict mixed trend on LSE

Equities depict mixed trend on LSE

Equities depicted mixed trend on the Lahore Stock Exchange (LSE) on Wednesday and finally succumbed of profit taking amid selling pressure in the cement and oil sectors shares. The LSE-25 index slide down by 3.51 points and ended at 2449.56 against 2453.0
Published 13 Aug, 2009 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including Public Debt Offices, will remain closed on Friday, August 14. The government has announced public holiday on account of Independence Day.
Published 13 Aug, 2009 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including Public Debt Offices, will remain closed on Friday, August 14. The government has announced public holiday on account of Independence Day.
Published 13 Aug, 2009 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including Public Debt Offices, will remain closed on Friday, August 14. The government has announced public holiday on account of Independence Day.
Published 13 Aug, 2009 12:00am
BRIndex30 gains 13.69 points

BRIndex30 gains 13.69 points

On Wednesday, the BRIndex30 opened in the positive zone at 7,368.52 and remained there for whole of the trading time. It closed at 7,351.36 with a net negative change of 13.69 points and percentage change of 0.19. It showed intra-day high of 7,425.75 and
Published 13 Aug, 2009 12:00am
BRIndex30 gains 13.69 points

BRIndex30 gains 13.69 points

On Wednesday, the BRIndex30 opened in the positive zone at 7,368.52 and remained there for whole of the trading time. It closed at 7,351.36 with a net negative change of 13.69 points and percentage change of 0.19. It showed intra-day high of 7,425.75 and
Published 13 Aug, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 12, 2009).

Published 13 Aug, 2009 12:00am
China warns against missile defence systems

China warns against missile defence systems

China's foreign minister warned on Wednesday that there was a "looming danger" of an arms race in outer space, as he urged countries not to deploy missile defence systems that could undermine global security. "The practice of seeking absolute strategic ad
Published 13 Aug, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 12, 2009).

Published 13 Aug, 2009 12:00am
Pentagon renews commitment to economic help for Pakistan

Pentagon renews commitment to economic help for Pakistan

Acknow-ledging positive results of the recent Pakistani anti-terrorism efforts, the Pentagon has renewed the US pledge to provide security and economic assistance to the key regional ally striving to overcome challenges in the two fields. Press Secretary
Published 13 Aug, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 12, 2009).

Published 13 Aug, 2009 12:00am
South Korea's jobless rate falls

South Korea's jobless rate falls

South Korea's jobless rate fell for the first time in nine months in July, data showed on Wednesday, lifting hopes for a steady economic recovery and triggering a sell off in bond futures. But analysts stopped short of predicting an early rate rise by the
Published 13 Aug, 2009 12:00am
Mixed trend witnessed on ISE

Mixed trend witnessed on ISE

Mixed trend was observed at the Islamabad Stock Exchange (ISE), where equities moved both ways under the lead of hot favourite amid decrease in index. ISE Ten Index was up by 2.81 points as it opened at 1,924.19 and closed at 1,927.00 points. The volume o
Published 13 Aug, 2009 12:00am
Mixed trend witnessed on ISE

Mixed trend witnessed on ISE

Mixed trend was observed at the Islamabad Stock Exchange (ISE), where equities moved both ways under the lead of hot favourite amid decrease in index. ISE Ten Index was up by 2.81 points as it opened at 1,924.19 and closed at 1,927.00 points. The volume o
Published 13 Aug, 2009 12:00am
Shahbaz apprises UK envoy of Punjab progress

Shahbaz apprises UK envoy of Punjab progress

Director General Political, Foreign and Commonwealth Office UK, Mark L. Grant met Punjab Chief Minister, Muhammad Shahbaz Sharif at Chief Minister's Secretariat here on Wednesday. Law and order situation in the region, co-operation in different sectors as
Published 13 Aug, 2009 12:00am
Pakistan denies militants attacked nuclear sites

Pakistan denies militants attacked nuclear sites

A military spokesman denied a recent report that militants have attacked Pakistan's nuclear facilities three times in two years, saying Wednesday there is ``absolutely no chance' the country's atomic weapons could fall into terrorist hands. Major General
Published 13 Aug, 2009 12:00am
Owner of Zarco Company gets interim bail

Owner of Zarco Company gets interim bail

Syed Lakhte Hussain, the owner of Zarco Money Exchange, appeared before the Federal Investigation Agency (FIA) on Wednesday after getting bail before arrest from the Lahore High Court (LHC). The FIA had launched a crackdown against the company on account
Published 13 Aug, 2009 12:00am
UN braced for Pakistan refugees from Mehsud area

UN braced for Pakistan refugees from Mehsud area

The United Nations is preparing to assist an estimated 150,000 Pakistanis who could be displaced in the event of a full-scale military operation against a Taliban stronghold, officials said Wednesday. In June, officials said up to 45,000 people had left t
Published 13 Aug, 2009 12:00am
Bomb kills two children

Bomb kills two children

Two schoolboys were killed and their brother injured Wednesday when a bomb exploded in a village playground near the Afghan border, officials said. The trio, all brothers, were playing when the explosive device went off in Nisarabad village on the outskir
Published 13 Aug, 2009 12:00am
An ICBM with 7,000-km range on its way?

An ICBM with 7,000-km range on its way?

Pakistan is contemplating developing an Inter-Continental Ballistic Missile (ICBM) with a 7,000 km range to make the country's defence impregnable and strengthen the armed forces of the country against any offence. The plan was evolved after successful te
Published 13 Aug, 2009 12:00am
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