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Print - 2009-08-19
India complains of militant training camps in Pakistan

India complains of militant training camps in Pakistan

India's defence minister said on Tuesday there were dozens of militant training camps active near Pakistan's border with India that had not been dismantled by authorities there. "As long as the terrorist camps are functioning in the border areas in Pakist
Published 19 Aug, 2009 12:00am
India complains of militant training camps in Pakistan

India complains of militant training camps in Pakistan

India's defence minister said on Tuesday there were dozens of militant training camps active near Pakistan's border with India that had not been dismantled by authorities there. "As long as the terrorist camps are functioning in the border areas in Pakist
Published 19 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 19 Aug, 2009 12:00am
Prime Minister warns of action against hoarders

Prime Minister warns of action against hoarders

Prime Minister Syed Yusuf Raza Gilani has warned of stern action against those who are indulging in hoarding and creating artificial shortage of essential food items in the country. The Prime Minister said this while chairing a meeting of the Committee on
Published 19 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 19 Aug, 2009 12:00am
NWFP calls for CCI meeting before NFC

NWFP calls for CCI meeting before NFC

The NWFP government on Tuesday called for convening the meeting of the Council of Common Interest (CCI) before National Finance Commission (NFC) meeting to discuss all outstanding issues between the Federal government and the province. Briefing journalist
Published 19 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 Tuesday (August 18, 2009).

Published 19 Aug, 2009 12:00am
NWFP calls for CCI meeting before NFC

NWFP calls for CCI meeting before NFC

The NWFP government on Tuesday called for convening the meeting of the Council of Common Interest (CCI) before National Finance Commission (NFC) meeting to discuss all outstanding issues between the Federal government and the province. Briefing journalist
Published 19 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 Tuesday (August 18, 2009).

Published 19 Aug, 2009 12:00am
Commodities prices hiked 20 percent ahead of Ramazan

Commodities prices hiked 20 percent ahead of Ramazan

Prices of daily use items including sugar, pulses, fruits, vegetables, meat and chicken have shoot up at least by 20 percent before the advent of the holy month of Ramazan, a survey conducted by Business Recorder revealed. As Ramazan approaches, re
Published 19 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 Tuesday (August 18, 2009).

Published 19 Aug, 2009 12:00am
US looks to bolster combat troops in Afghanistan

US looks to bolster combat troops in Afghanistan

The United States on Tuesday looked for ways to bolster combat troops in Afghanistan as President Barack Obama warned the war would not be "quick" and violence threatened this week's election. With Afghans heading into crucial presidential elections Thurs
Published 19 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 Tuesday (August 18, 2009).

Published 19 Aug, 2009 12:00am
Iran pushing for ban on strikes on nuclear facilities

Iran pushing for ban on strikes on nuclear facilities

A top Iranian nuclear official said Tehran is pressing for the UN nuclear watchdog to ban military strikes against atomic facilities around the world, state television reported on Tuesday. But Iran's envoy to the International Atomic Energy Agency, Ali As
Published 19 Aug, 2009 12:00am
Single spinning unit holders slam textile policy

Single spinning unit holders slam textile policy

The single unit holders in spinning sector have expressed their doubts on first ever textile policy and feared that it may lead to total closure of single spinning units in textile sector. Talking to Business Recorder, the single unit holders said
Published 19 Aug, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (August 18, 2009).
Published 19 Aug, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (August 18, 2009).

Published 19 Aug, 2009 12:00am
Held Kashmir authorities report 3,400 disappearances

Held Kashmir authorities report 3,400 disappearances

Authorities in Indian held Kashmir Tuesday estimated the number of missing people in the state after decades of unrest at 3,400, less than half the figure suggested by rights groups. Official figures released in the state assembly said 3,429 persons had d
Published 19 Aug, 2009 12:00am
NWFP calls for CCI meeting before NFC

NWFP calls for CCI meeting before NFC

The NWFP government on Tuesday called for convening the meeting of the Council of Common Interest (CCI) before National Finance Commission (NFC) meeting to discuss all outstanding issues between the Federal government and the province. Briefing journalist
Published 19 Aug, 2009 12:00am
Promotions in FBR

Promotions in FBR

The Federal Board of Revenue (FBR) has promoted 41 Assistant Commissioners of Income Tax Group (BS-17) to the post of Deputy Commissioners (BS-18) with immediate effect. The FBR has also promoted 19 Assistant Collector (BS-17) of Customs and Excise Group
Published 19 Aug, 2009 12:00am
Al Khidmat Group challenges BF in SCCI polls

Al Khidmat Group challenges BF in SCCI polls

The newly established Jamaat-i-Islami (JI)'s affiliated Al-Khidmat Group has challenged the Senator Ilyas Bilour's ruling group, Businessman Forum, in the election of the Sarhad Chamber of Commerce & Industry (SCCI) on four seats of the executive council
Published 19 Aug, 2009 12:00am
Adnan Khan elected senate body chairman

Adnan Khan elected senate body chairman

Senator Adnan Khan was elected unopposed as Chairman of Senate Standing Committee on Investment and Privatisation. His name was proposed by Senator Professor Muhammad Ibrahim Khan and seconded by Senator Abdur Rahim Khan Mandokhel. The Senate Standing Com
Published 19 Aug, 2009 12:00am
PPP never uses laws as tool for political mileage: Naek

PPP never uses laws as tool for political mileage: Naek

Senate Chairman Farooq H. Naek has said that PPP-led government never uses laws as tools to intimidate politicians and public like its predecessors. He was speaking at the inauguration session of the two-day Policy Dialogue Forum arranged here by the Offi
Published 19 Aug, 2009 12:00am
Minister and MPs call on Gilani

Minister and MPs call on Gilani

Minister for Minorities Affairs, Shahbaz Bhatti and MNAs from Faisalabad, Raheela Baloch, Tariq Mahmood Bajwa and Chaudhry Saeed Iqbal called on Prime Minister, Syed Yousuf Raza Gilani at his Parliament House Chamber here this evening and briefed him abou
Published 19 Aug, 2009 12:00am
Australian diplomat calls on Mustafa Kamal

Australian diplomat calls on Mustafa Kamal

Australian High Commissioner in Islamabad Tim George called on City Nazim, Syed Mustafa Kamal at his office on Tuesday. He was accompanied by first secretary (political) Jon Bonnar, honorary Consul Bazl A. Khan and trade commissioner Tahir Mehmood.
Published 19 Aug, 2009 12:00am
Crackdown in offing against Rehman Dakait's group

Crackdown in offing against Rehman Dakait's group

The law enforcement agencies are likely to launch a crackdown against the gangsters of Rehman Baloch alias Dakait's group operating in Lyari town, police sources told Business Recorder on Tuesday.
Published 19 Aug, 2009 12:00am
Sindh government to set up Women Job Placement Centre: Sharmila

Sindh government to set up Women Job Placement Centre: Sharmila

Adviser to the Sindh Chief Minister, Sharmila Farooqui Tuesday said the government had decided to establish a Women Job Placement Centre. Speaking at the 8th meeting of Women Entrepreneur Sub-committee of the Karachi Chamber of Commerce and Industry (KCCI
Published 19 Aug, 2009 12:00am
MQM moves motion against abolition of local governments system

MQM moves motion against abolition of local governments system

Parliamentary leader of Muttahida Qaumi Movement (MQM) Dr Farooq Sattar has said his party submitted adjournment motion in National Assembly against abolishing of local governments' system. Talking to journalists outside parliament house on Tuesday.
Published 19 Aug, 2009 12:00am
MQM moves motion against abolition of local governments system

MQM moves motion against abolition of local governments system

Parliamentary leader of Muttahida Qaumi Movement (MQM) Dr Farooq Sattar has said his party submitted adjournment motion in National Assembly against abolishing of local governments' system. Talking to journalists outside parliament house on Tuesday.
Published 19 Aug, 2009 12:00am
Two men linked to al Qaeda appear before ATC

Two men linked to al Qaeda appear before ATC

Qari Saifullah, a close aide to the recently killed Taliban leader, Baitullah Mehsud, has appeared before a special anti-terrorism court along with Zaid Ikram, an aide arrested along with him. Islamabad police operations chief Tahir Alam Khan said Tuesday
Published 19 Aug, 2009 12:00am
Holbrooke urged to stop drone attacks, release Dr Aafia

Holbrooke urged to stop drone attacks, release Dr Aafia

Jamat-e-Islami Pakistan has urged the US to halt its drone attacks inside Pakistan and release Dr Aafia Siddiqui immediately, besides shirking from the adventurism of beefing up US marines' presence at its (US) embassy in Islamabad. JI secretary general L
Published 19 Aug, 2009 12:00am
Profit of Ferozsons shrinks to Rs 182.757 million

Profit of Ferozsons shrinks to Rs 182.757 million

The profit after tax of Ferozsons Laboratories has declined to Rs 182.757 million in the year ended June 30, 2009 as compared to Rs 217.0233 million earned a year back. The company's earning per share decreased to Rs 10.53 in the period under review again
Published 19 Aug, 2009 12:00am
Profit of Ferozsons shrinks to Rs 182.757 million

Profit of Ferozsons shrinks to Rs 182.757 million

The profit after tax of Ferozsons Laboratories has declined to Rs 182.757 million in the year ended June 30, 2009 as compared to Rs 217.0233 million earned a year back. The company's earning per share decreased to Rs 10.53 in the period under review again
Published 19 Aug, 2009 12:00am
Shell Gas (LPG) posts Rs 72.159 million profit

Shell Gas (LPG) posts Rs 72.159 million profit

Shell Gas (LPG) has posted Rs 72.159 million as profit in the year ended June 30, 2009 as compared to a loss of Rs 155.421 million recorded in the previous year. The board of directors of the company in its meeting held here on Tuesday declared per share
Published 19 Aug, 2009 12:00am
Shell Gas (LPG) posts Rs 72.159 million profit

Shell Gas (LPG) posts Rs 72.159 million profit

Shell Gas (LPG) has posted Rs 72.159 million as profit in the year ended June 30, 2009 as compared to a loss of Rs 155.421 million recorded in the previous year. The board of directors of the company in its meeting held here on Tuesday declared per share
Published 19 Aug, 2009 12:00am
'No load shedding during Iftar and Sehr'

'No load shedding during Iftar and Sehr'

The Karachi Electric Supply Company (KESC) has assured that there would be no load shedding in the Iftar and Sehr period, during Ramazan. Jan Abbas Zaidi, Chief Operating Officer for Distribution, while talking to media persons during a certificate distri
Published 19 Aug, 2009 12:00am
Alleged dacoit killed in police encounter

Alleged dacoit killed in police encounter

An alleged dacoit was killed in an encounter with police in remit of Sohrab Goth on Tuesday while his three accomplices escaped. According to police sources, four unidentified armed persons were trying to flee in a rickshaw near Noman Colony behind Al-Asi
Published 19 Aug, 2009 12:00am
FBR stops issuing exemption certificate to service providers

FBR stops issuing exemption certificate to service providers

Federal Board of Revenue (FBR) has stopped issuing exemption certificate to the service providers including financial institutions, telecommunication companies, brokerage houses, etc as field force is misinterpreting the amendments made to section 153 of
Published 19 Aug, 2009 12:00am
New timings for educational institutions in Ramazan

New timings for educational institutions in Ramazan

The Sindh Education and Literacy Department has changed the timings of all educational institutions for the holy month of Ramazan. In primary section, from August 19, the single shift school would open at 7:30am and close at 12:00 noon and on Friday from
Published 19 Aug, 2009 12:00am
Commander among 32 terrorists arrested by forces

Commander among 32 terrorists arrested by forces

Security forces have arrested 32 terrorists including a notorious commander while 10 others have surrendered during ongoing 'Operation Rah e Raast' in Swat and other parts of Malakand on Tuesday. The terrorists' resistance was crushed, which is forcing th
Published 19 Aug, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Aug, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Sacking of the Chairman, Pakistan Steel Mills (PSM) on corruption charges by the Prime Minister Syed Yousuf Raza Gilani, was good news for the Parliament and the patriotic Pakistanis. The Prime Minister informed the National Assembly on Tuesday that he ha
Published 19 Aug, 2009 12:00am
PML-Q like-minded group convenes general council meeting on August 20

PML-Q like-minded group convenes general council meeting on August 20

PML-Q like minded group has convened general council meeting on August 20 and has invited all the members including Chaudhry brothers to the meeting. PML-Q like minded group senior leadership while addressing a press conference here on Thursday made it cl
Published 19 Aug, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (August 18, 2009).

Published 19 Aug, 2009 12:00am
People could not be left at mercy of hoarders: Sharif

People could not be left at mercy of hoarders: Sharif

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that interests of the poor consumers will be safeguarded at any cost and in this connection government will fulfil all its responsibilities. He said that people could not be left at the mercy of hoar
Published 19 Aug, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Aug, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Aug, 2009 12:00am
Indian shares rise 1.7 percent

Indian shares rise 1.7 percent

India's main stock index bounced 1.7 percent on Tuesday, as investors covered short postions a day after the market dropped 4.1 percent to its lowest close in a month. Engineering and construction firm Larsen & Toubro, and leading financials such as ICICI
Published 19 Aug, 2009 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 19 Aug, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Aug, 2009 12:00am
171,400 sugar bags seized during raid on KSM

171,400 sugar bags seized during raid on KSM

As part of the special campaign against the hoarding of sugar and to ensure availability of sugar in the local market, a raid was conducted on Khazana Sugar Mills (KSM) on Tuesday and 1,71,400 bags of sugar were seized from the mill. The mill has been sea
Published 19 Aug, 2009 12:00am
Circular debt posing a major threat to economy

Circular debt posing a major threat to economy

The circular debt receivables of Pakistan State Oil have gone up to a staggering Rs 81 billion, courtesy Rs 1.8 billion added to this account every passing day, according to sources. Unfortunately, there seems to be no obvious evidence of circular debt go
Published 19 Aug, 2009 12:00am
SMEs need fuel injection as a way to improve their performance

SMEs need fuel injection as a way to improve their performance

How prepared is Pakistan for the challenges coming its way with the deepening global recession? The sad but widely expected answer is 'not much'. We are likely to witness a steep decline in our imports and exports in the future that would leave us at the
Published 19 Aug, 2009 12:00am
KSE seen firming up as investors dispel any fears about fundamentals

KSE seen firming up as investors dispel any fears about fundamentals

It seems that the pessimism caused by less than expected rate cut has begun to evaporate on the Karachi Stock Exchange. But here is the thing: very few were expecting the central bank to reduce rates much higher than a modest 100 bps in the first place; s
Published 19 Aug, 2009 12:00am
'0.3 million new tuberculosis cases emerge every year'

'0.3 million new tuberculosis cases emerge every year'

Around 300,000 new tuberculosis cases are reported every year in the country with 75 percent of patients in the productive age group from 15 to 49 years. National Manager, TB Control Programme Dr Noor Ahmad Baloch said this while addressing the consultati
Published 19 Aug, 2009 12:00am
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