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Print - 2009-11-18
'Media campaign': Zardari prods information corps

'Media campaign': Zardari prods information corps

President Zardari on Tuesday directed PPP information secretaries to effectively counter what he said 'media campaign' against him. Chairing a meeting of PPP's district information secretaries from across the country held at Awan-e-Sadr, President Zardari
Published 18 Nov, 2009 12:00am
Zardari approves extension of Anti-terrorism Ordinance 2009

Zardari approves extension of Anti-terrorism Ordinance 2009

President Asif Ali Zardari, on the advice of the Prime Minister, approved the extension of the Anti-Terrorism (Amendment) Ordinance 2009 to Provincial Administered Tribal Areas (Pata) of NWFP in terms of Article 247 of the Constitution. The spokesperson t
Published 18 Nov, 2009 12:00am
Taliban blow up girls' school

Taliban blow up girls' school

Taliban militants blew up a girls' school in Khyber district on Tuesday, the third such attack in the tribal region bordering Afghanistan so far this month, officials said. An intelligence official in the area said Taliban attacked the government-run scho
Published 18 Nov, 2009 12:00am
Israel, Turkey hold first joint military drill since row

Israel, Turkey hold first joint military drill since row

Israel and Turkey have held a joint military drill in Ankara, an official said Tuesday, the first such co-operation since Turkey excluded Israel from an October exercise, sparking a diplomatic row. Israeli and Turkish army units conducted a joint search a
Published 18 Nov, 2009 12:00am
Stamp out bank secrecy, corruption watchdog says

Stamp out bank secrecy, corruption watchdog says

Graft watchdog Transparency International hit out at rich countries over shady banking practices on Tuesday as it published its annual rankings naming and shaming the world's most corrupt nations. The group slammed developed countries that are otherwise r
Published 18 Nov, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (November 17, 2009).

Published 18 Nov, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (November 17, 2009).

Published 18 Nov, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (November 17, 2009).

Published 18 Nov, 2009 12:00am
Eid-ul-Azha on November 28

Eid-ul-Azha on November 28

The new Zilhij moon will be sighted today (Wednesday), according to astronomical parameters. Therefore, Zilhij One, 1430 AH will fall tomorrow (Thursday). The moon crossed the conjunction line yesterday (Tuesday) at 0014 Pakistan Standard Time (PST).
Published 18 Nov, 2009 12:00am
Eid-ul-Azha on November 28

Eid-ul-Azha on November 28

The new Zilhij moon will be sighted today (Wednesday), according to astronomical parameters. Therefore, Zilhij One, 1430 AH will fall tomorrow (Thursday). The moon crossed the conjunction line yesterday (Tuesday) at 0014 Pakistan Standard Time (PST).
Published 18 Nov, 2009 12:00am
MoI to negotiate revised BIT with Germany

MoI to negotiate revised BIT with Germany

The Ministry of Investment is to negotiate ''revised'' Bilateral Investment Treaty (BIT) with Germany and an agreement on promotion of and protection of investment in Zimbabwe, official sources told Business Recorder. Sources said that first BIT of
Published 18 Nov, 2009 12:00am
MoI to negotiate revised BIT with Germany

MoI to negotiate revised BIT with Germany

The Ministry of Investment is to negotiate 'revised' Bilateral Investment Treaty (BIT) with Germany and an agreement on promotion of and protection of investment in Zimbabwe, official sources told Business Recorder. Sources said that first BIT of t
Published 18 Nov, 2009 12:00am
MoI to negotiate revised BIT with Germany

MoI to negotiate revised BIT with Germany

The Ministry of Investment is to negotiate 'revised' Bilateral Investment Treaty (BIT) with Germany and an agreement on promotion of and protection of investment in Zimbabwe, official sources told Business Recorder. Sources said that first BIT of t
Published 18 Nov, 2009 12:00am
BRIndex30 sheds 100.79 points

BRIndex30 sheds 100.79 points

On Tuesday, the BRIndex30 opened at 8,133.20 points, and closed at 8,032.41 points with a net negative change of -100.79 points and percentage change of -1.24. It experienced intra-day high of 8,182.41 and low of 8,010.76 points. The volume of BRIndex30 w
Published 18 Nov, 2009 12:00am
BRIndex30 sheds 100.79 points

BRIndex30 sheds 100.79 points

On Tuesday, the BRIndex30 opened at 8,133.20 points, and closed at 8,032.41 points with a net negative change of -100.79 points and percentage change of -1.24. It experienced intra-day high of 8,182.41 and low of 8,010.76 points. The volume of BRIndex30 w
Published 18 Nov, 2009 12:00am
KSE index loses 99.33 points

KSE index loses 99.33 points

The KSE-100 index on Tuesday lost 99.33 points to close at 9,204.98 points despite foreign investors'' interest, mainly due to heavy selling by local players. The market opened on a positive note and remained volatile throughout the day with the index osc
Published 18 Nov, 2009 12:00am
KSE index loses 99.33 points

KSE index loses 99.33 points

The KSE-100 index on Tuesday lost 99.33 points to close at 9,204.98 points despite foreign investors' interest, mainly due to heavy selling by local players. The market opened on a positive note and remained volatile throughout the day with the index osci
Published 18 Nov, 2009 12:00am
KSE index loses 99.33 points

KSE index loses 99.33 points

The KSE-100 index on Tuesday lost 99.33 points to close at 9,204.98 points despite foreign investors' interest, mainly due to heavy selling by local players. The market opened on a positive note and remained volatile throughout the day with the index osci
Published 18 Nov, 2009 12:00am
Cases against Zardari: two pending 'infructuous' pleas disposed of

Cases against Zardari: two pending 'infructuous' pleas disposed of

The Supreme Court on Tuesday disposed of as withdrawn two pending appeals in the cases of President Asif Ali Zardari after it was brought into its notice that the appeals, pending since 1999, had become infructuous as the cases had already been decided in
Published 18 Nov, 2009 12:00am
Cases against Zardari: two pending 'infructuous' pleas disposed of

Cases against Zardari: two pending 'infructuous' pleas disposed of

The Supreme Court on Tuesday disposed of as withdrawn two pending appeals in the cases of President Asif Ali Zardari after it was brought into its notice that the appeals, pending since 1999, had become infructuous as the cases had already been decided in
Published 18 Nov, 2009 12:00am
Pakistan ranked 42nd 'most corrupt country'

Pakistan ranked 42nd 'most corrupt country'

Pakistan has been ranked as 42nd most corrupt country, among 180 countries ranked by the 'Transparency International Corruptions Perceptions Index (CPI) 2009' released here on Tuesday. Pakistan is followed by Bangladesh and India. New Zealand has been ran
Published 18 Nov, 2009 12:00am
Pakistan ranked 42nd 'most corrupt country'

Pakistan ranked 42nd 'most corrupt country'

Pakistan has been ranked as 42nd most corrupt country, among 180 countries ranked by the 'Transparency International Corruptions Perceptions Index (CPI) 2009' released here on Tuesday. Pakistan is followed by Bangladesh and India. New Zealand has been ran
Published 18 Nov, 2009 12:00am
NFC meeting: NWFP withdraws boycott decision

NFC meeting: NWFP withdraws boycott decision

The NWFP government on Tuesday withdrew its decision to boycott the two-day National Finance Commission (NFC) meeting being held in Karachi from Wednesday. Unhappy with the delay in the payment of Rs 10 billion, announced by Prime Minister Yousuf Raza Gil
Published 18 Nov, 2009 12:00am
NFC meeting: NWFP withdraws boycott decision

NFC meeting: NWFP withdraws boycott decision

The NWFP government on Tuesday withdrew its decision to boycott the two-day National Finance Commission (NFC) meeting being held in Karachi from Wednesday. Unhappy with the delay in the payment of Rs 10 billion, announced by Prime Minister Yousuf Raza Gil
Published 18 Nov, 2009 12:00am
NFC meeting: NWFP withdraws boycott decision

NFC meeting: NWFP withdraws boycott decision

The NWFP government on Tuesday withdrew its decision to boycott the two-day National Finance Commission (NFC) meeting being held in Karachi from Wednesday. Unhappy with the delay in the payment of Rs 10 billion, announced by Prime Minister Yousuf Raza Gil
Published 18 Nov, 2009 12:00am
''Protesters causing harm to bank''s image''

''Protesters causing harm to bank''s image''

MCB Staff Union of Pakistan on Tuesday claimed that Shaheed Usman Ghani Group had nothing to do with the MCB CBA. Addressing a press conference at Karachi Press Club on Tuesday, President MCB Staff Union of Pakistan (CBA) Riyafat Khan Jadoon and Secretary
Published 18 Nov, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (November 17, 2009).

Published 18 Nov, 2009 12:00am
'Protesters causing harm to bank's image'

'Protesters causing harm to bank's image'

MCB Staff Union of Pakistan on Tuesday claimed that Shaheed Usman Ghani Group had nothing to do with the MCB CBA. Addressing a press conference at Karachi Press Club on Tuesday, President MCB Staff Union of Pakistan (CBA) Riyafat Khan Jadoon and Secretary
Published 18 Nov, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (November 17, 2009).
Published 18 Nov, 2009 12:00am
'Protesters causing harm to bank's image'

'Protesters causing harm to bank's image'

MCB Staff Union of Pakistan on Tuesday claimed that Shaheed Usman Ghani Group had nothing to do with the MCB CBA. Addressing a press conference at Karachi Press Club on Tuesday, President MCB Staff Union of Pakistan (CBA) Riyafat Khan Jadoon and Secretary
Published 18 Nov, 2009 12:00am
Senior Taliban will play role in government: UK

Senior Taliban will play role in government: UK

Ending the war in Afghanistan will include senior Taliban commanders sitting in government in Kabul, Britain's foreign secretary said Tuesday. David Miliband also told a meeting of Nato's parliamentary assembly that military action must be accompanied by
Published 18 Nov, 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 (November 17, 2009).

Published 18 Nov, 2009 12:00am
Senior Taliban will play role in government: UK

Senior Taliban will play role in government: UK

Ending the war in Afghanistan will include senior Taliban commanders sitting in government in Kabul, Britain's foreign secretary said Tuesday. David Miliband also told a meeting of Nato's parliamentary assembly that military action must be accompanied by
Published 18 Nov, 2009 12:00am
Acquisition of RBS operations: MCB moves Supreme Court against SBP

Acquisition of RBS operations: MCB moves Supreme Court against SBP

The MCB Bank on Tuesday moved the Supreme Court of Pakistan against the State Bank of Pakistan for the latter''s refusal to grant regulatory approval to its acquisition of Royal Bank of Scotland''s local operations. The MCB Bank, after it obtained the for
Published 18 Nov, 2009 12:00am
Acquisition of RBS operations: MCB moves Supreme Court against SBP

Acquisition of RBS operations: MCB moves Supreme Court against SBP

The MCB Bank on Tuesday moved the Supreme Court of Pakistan against the State Bank of Pakistan for the latter's refusal to grant regulatory approval to its acquisition of Royal Bank of Scotland's local operations. The MCB Bank, after it obtained the forma
Published 18 Nov, 2009 12:00am
Acquisition of RBS operations: MCB moves Supreme Court against SBP

Acquisition of RBS operations: MCB moves Supreme Court against SBP

The MCB Bank on Tuesday moved the Supreme Court of Pakistan against the State Bank of Pakistan for the latter's refusal to grant regulatory approval to its acquisition of Royal Bank of Scotland's local operations. The MCB Bank, after it obtained the forma
Published 18 Nov, 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 (November 17, 2009).

Published 18 Nov, 2009 12:00am
FIPP being merged into new ''Investment Policy 2010-15''

FIPP being merged into new ''Investment Policy 2010-15''

To attract portfolio investment in Pakistan, the government is merging the Foreign Investment Promotion Policy (FIPP) into the upcoming ''Investment Policy 2010-15''. Sources told Business Recorder on Tuesday that as the capital market development
Published 18 Nov, 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 (November 17, 2009).

Published 18 Nov, 2009 12:00am
FIPP being merged into new 'Investment Policy 2010-15'

FIPP being merged into new 'Investment Policy 2010-15'

To attract portfolio investment in Pakistan, the government is merging the Foreign Investment Promotion Policy (FIPP) into the upcoming 'Investment Policy 2010-15'. Sources told Business Recorder on Tuesday that as the capital market development is
Published 18 Nov, 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 (November 17, 2009).

Published 18 Nov, 2009 12:00am
FIPP being merged into new 'Investment Policy 2010-15'

FIPP being merged into new 'Investment Policy 2010-15'

To attract portfolio investment in Pakistan, the government is merging the Foreign Investment Promotion Policy (FIPP) into the upcoming 'Investment Policy 2010-15'. Sources told Business Recorder on Tuesday that as the capital market development is
Published 18 Nov, 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 18 Nov, 2009 12:00am
SMEs Development Bill submitted for Cabinet approval

SMEs Development Bill submitted for Cabinet approval

The Ministry of Industries and Production has submitted the flawed Small and Medium Enterprises (SME) Development Bill 2009 to the Cabinet for approval, in principle, as other Ministries have expressed disagreement with some of the recommendations of the
Published 18 Nov, 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 18 Nov, 2009 12:00am
SMEs Development Bill submitted for Cabinet approval

SMEs Development Bill submitted for Cabinet approval

The Ministry of Industries and Production has submitted the flawed Small and Medium Enterprises (SME) Development Bill 2009 to the Cabinet for approval, in principle, as other Ministries have expressed disagreement with some of the recommendations of the
Published 18 Nov, 2009 12:00am
SMEs Development Bill submitted for Cabinet approval

SMEs Development Bill submitted for Cabinet approval

The Ministry of Industries and Production has submitted the flawed Small and Medium Enterprises (SME) Development Bill 2009 to the Cabinet for approval, in principle, as other Ministries have expressed disagreement with some of the recommendations of the
Published 18 Nov, 2009 12:00am
New York cotton

New York cotton

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

Published 18 Nov, 2009 12:00am
Main Taliban bases seized

Main Taliban bases seized

Forces have captured most of the main Taliban bases in their offensive in South Waziristan and will soon fan out into the rugged countryside to hunt for militants there, commanders said on Tuesday. Soldiers have advanced faster than expected in their mont
Published 18 Nov, 2009 12:00am
New York cotton

New York cotton

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

Published 18 Nov, 2009 12:00am
Main Taliban bases seized

Main Taliban bases seized

Forces have captured most of the main Taliban bases in their offensive in South Waziristan and will soon fan out into the rugged countryside to hunt for militants there, commanders said on Tuesday. Soldiers have advanced faster than expected in their mont
Published 18 Nov, 2009 12:00am
Israel okays new east Jerusalem homes dismaying US

Israel okays new east Jerusalem homes dismaying US

Israel gave approval on Tuesday for the construction of hundreds of new housing units in annexed Arab east Jerusalem, drawing Western criticism as it drove another stake into troubled Middle East peace efforts.
Published 18 Nov, 2009 12:00am
The Omani Centre for Investment Promotion and Export Development

The Omani Centre for Investment Promotion and Export Development

The Sultanate of Oman, one of the most progressive countries in the Middle East, has achieved remarkable growth in all sectors of economy during the past years and is well on its course for excellent growth. Though oil remains single most important source
Published 18 Nov, 2009 12:00am
Israel okays new east Jerusalem homes dismaying US

Israel okays new east Jerusalem homes dismaying US

Israel gave approval on Tuesday for the construction of hundreds of new housing units in annexed Arab east Jerusalem, drawing Western criticism as it drove another stake into troubled Middle East peace efforts.
Published 18 Nov, 2009 12:00am
Message from Consul General in Karachi

Message from Consul General in Karachi

At the outset, I am pleased to express my best congratulations and felicitations to His Majesty Sultan Qaboos bin Said on the occasion of the 39th National Day. I further take this opportunity to present my best compliments to the Government and the peopl
Published 18 Nov, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 142,524 tonnes of cargo including 94,565 tonnes import and 47,959 tonnes export cargo including 5,779 empty and loaded containers during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 108,797 tonnes dry carg
Published 18 Nov, 2009 12:00am
Vietnam coffee sales slow

Vietnam coffee sales slow

Coffee sales in Vietnam slowed in the past week as farmers held back fresh beans from the ongoing harvest to put pressure on domestic prices, dealers said on Tuesday. Quotations for robusta beans in Buon Ma Thuot, the capital of top coffee-growing provinc
Published 18 Nov, 2009 12:00am
CIMB, Standard to invest in port, wind farm

CIMB, Standard to invest in port, wind farm

A private equity firm owned by South Africa''''s Standard Bank and Malaysia''''s CIMB, which hopes to double assets to over $1 billion by early 2011 by launching a new Southeast Asia fund and growing its existing Islamic fund, is looking at investment in
Published 18 Nov, 2009 12:00am