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Print - 2009-12-17
Volatile session on KSE

Volatile session on KSE

The Karachi share market witnessed a volatile session on Wednesday with KSE-100 index oscillating between 9,341.97 points intra-day high, up 75.93 points, and 9,232.75 points low, down 33.29 points, before closing at 9,253.66 points with a net loss of 12.
Published 17 Dec, 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 17 Dec, 2009 12:00am
Volatile session on KSE

Volatile session on KSE

The Karachi share market witnessed a volatile session on Wednesday with KSE-100 index oscillating between 9,341.97 points intra-day high, up 75.93 points, and 9,232.75 points low, down 33.29 points, before closing at 9,253.66 points with a net loss of 12.
Published 17 Dec, 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 17 Dec, 2009 12:00am
Volatile session on KSE

Volatile session on KSE

The Karachi share market witnessed a volatile session on Wednesday with KSE-100 index oscillating between 9,341.97 points intra-day high, up 75.93 points, and 9,232.75 points low, down 33.29 points, before closing at 9,253.66 points with a net loss of 12.
Published 17 Dec, 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 (December 16, 2009).

Published 17 Dec, 2009 12:00am
BRIndex30 loses 24.95 points

BRIndex30 loses 24.95 points

On Wednesday, the BRIndex30 opened at 8,161.57 points. It almost immediately started to rise and remained positive for about half of the trading time but after that it started to fall and eventually closed at 8,136.62 poinys with a net negative change of
Published 17 Dec, 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 (December 16, 2009).

Published 17 Dec, 2009 12:00am
BRIndex30 loses 24.95 points

BRIndex30 loses 24.95 points

On Wednesday, the BRIndex30 opened at 8,161.57 points. It almost immediately started to rise and remained positive for about half of the trading time but after that it started to fall and eventually closed at 8,136.62 poinys with a net negative change of
Published 17 Dec, 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 (December 16, 2009).

Published 17 Dec, 2009 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments continued to prevail for the second consecutive day on the Lahore Stock Exchange (LSE) on Wednesday and finally stayed in red zone amid descending transaction volume on account of lacking interest on the part of investors who remained on
Published 17 Dec, 2009 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments continued to prevail for the second consecutive day on the Lahore Stock Exchange (LSE) on Wednesday and finally stayed in red zone amid descending transaction volume on account of lacking interest on the part of investors who remained on
Published 17 Dec, 2009 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in the index. ISE Ten Index showed an improvement of 5.43 points, as the Index moved from to 2,147.14
Published 17 Dec, 2009 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in the index. ISE Ten Index showed an improvement of 5.43 points, as the Index moved from to 2,147.14
Published 17 Dec, 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 (December 16, 2009).

Published 17 Dec, 2009 12:00am
Obama writes letter to North Korea's Kim

Obama writes letter to North Korea's Kim

US President Barack Obama has written a personal letter to North Korean leader Kim Jong-Il amid efforts by the United States to persuade Pyongyang to return to nuclear disarmament talks. The letter was delivered by US special envoy Stephen Bosworth during
Published 17 Dec, 2009 12:00am
North Korea to temporarily ban foreigners

North Korea to temporarily ban foreigners

North Korea plans to temporarily ban foreigners from entering the country, a move that could herald a visit by leader Kim Jong-Il to neighbouring China, a report said Wednesday. South Korea's Chosun Ilbo newspaper, citing North Korean sources in China, sa
Published 17 Dec, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (December 16, 2009).
Published 17 Dec, 2009 12:00am
Uighur in Sweden charged with spying on Uighurs

Uighur in Sweden charged with spying on Uighurs

A 61-year-old Uighur living in Sweden as a political refugee since 1997 has been charged with spying for China on Uighur expatriates, a Swedish prosecutor said Wednesday. The man was identified in court documents as Swedish citizen Babur Maihesuti. He was
Published 17 Dec, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Support tumbles for rival to South Africa's ANC

Support tumbles for rival to South Africa's ANC

Support for a South African opposition party formed by defectors from the ruling African National Congress has slumped since the April election due to internal leadership battles, a poll showed on Wednesday. Only 2.2 percent of eligible voters would back
Published 17 Dec, 2009 12:00am
French ruling party to seek complete burqa ban

French ruling party to seek complete burqa ban

President Nicolas Sarkozy's ruling party will push for a law banning the full-face Islamic veil in order to defend France from "extremists", the party's parliamentary leader said Wednesday. Jean-Francois Cope laid out his plans for new legislation in a ne
Published 17 Dec, 2009 12:00am
PSM in deep financial crisis

PSM in deep financial crisis

The losses of first half of this year show that Pakistan Steel Mills (PSM) is in deep financial crisis. The losses are expected to exceed Rs five billion in-spite of the fact that the prices of raw material and freight, world-wide, have declined. Accordin
Published 17 Dec, 2009 12:00am
PSM in deep financial crisis

PSM in deep financial crisis

The losses of first half of this year show that Pakistan Steel Mills (PSM) is in deep financial crisis. The losses are expected to exceed Rs five billion in-spite of the fact that the prices of raw material and freight, world-wide, have declined. Accordin
Published 17 Dec, 2009 12:00am
PSM in deep financial crisis

PSM in deep financial crisis

The losses of first half of this year show that Pakistan Steel Mills (PSM) is in deep financial crisis. The losses are expected to exceed Rs five billion in-spite of the fact that the prices of raw material and freight, world-wide, have declined. Accordin
Published 17 Dec, 2009 12:00am
MQM welcomes Supreme Court decision

MQM welcomes Supreme Court decision

The Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Wednesday welcomed the decision of the Supreme Court (SC) regarding controversial National Reconciliation Ordinance (NRO) and said "MQM respects the decision of the apex court." This was the text o
Published 17 Dec, 2009 12:00am
Sharmila launches awareness campaign to highlight women protection bills

Sharmila launches awareness campaign to highlight women protection bills

Advisor to Sindh Chief Minister Sharmila Farooqui on Wednesday launched women awareness campaign to highlight the bills moved in the National Assembly to prevent harassment of women. Addressing a press conference after meeting a big gathering of PPP Women
Published 17 Dec, 2009 12:00am
PSMA decides to contest notice issued by CCP

PSMA decides to contest notice issued by CCP

Pakistan Sugar Mills Association (PSMA) on Wednesday decided to contest the showcause notice issued by the Competition Commission of Pakistan (CCP) instead of availing of soft leniency provisions of the Competition Ordinance 2009.
Published 17 Dec, 2009 12:00am
FBR transfers and postings

FBR transfers and postings

Federal Board of Revenue (FBR) has transferred and posted two officers (Grade 18 to 19) to new positions in the Inland Revenue Service at reformed units. In this regard, the FBR has issued two notifications here on Wednesday to implement the new organisat
Published 17 Dec, 2009 12:00am
MNAs, MPAs to meet Zardari today

MNAs, MPAs to meet Zardari today

A delegation of political figures comprising of MNAs and MPAs from Multan and Sahiwal Divisions would meet President Pakistan Asif Ali Zardari on Thursday (today) at Aiwan-e-Sadar, Islamabad. Senior Provincial Minister Raja Riaz Ahmed would lead them. Ria
Published 17 Dec, 2009 12:00am
President Zardari enjoys immunity: spokesman

President Zardari enjoys immunity: spokesman

Pakistan Peoples Party (PPP) has said that it respects the decision of the apex court and will face the cases in the courts courageously. However, PPP rejected the impression that its Co-chairman and President of Pakistan Asif Ali Zardari would resign fol
Published 17 Dec, 2009 12:00am
President Zardari enjoys immunity: spokesman

President Zardari enjoys immunity: spokesman

Pakistan Peoples Party (PPP) has said that it respects the decision of the apex court and will face the cases in the courts courageously. However, PPP rejected the impression that its Co-chairman and President of Pakistan Asif Ali Zardari would resign fol
Published 17 Dec, 2009 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Cabinet reshuffle just a cosmetic measure!

Cabinet reshuffle just a cosmetic measure!

The Cabinet reshuffling by Prime Minister Syed Yusuf Raza Gilani is just a cosmetic measure and would not have any significant impact with regard to austerity plan. According to analysts, decisions taken so far by the Prime Minister with regard to austeri
Published 17 Dec, 2009 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Kaira urges PTV to lead, not follow trends

Kaira urges PTV to lead, not follow trends

Minister for Information and Broadcasting Qamar Zaman Kaira on Wednesday said that public service should be the prime goal of Pakistan Television (PTV), besides social education on present time challenges, especially causes of the terrorism and extremism.
Published 17 Dec, 2009 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Budget for Nacta not received for 11 months: Rehman

Budget for Nacta not received for 11 months: Rehman

Interior Minister Rehman Malik on Wednesday said he didn't get the budget of National Counter Terrorism Authority (Nacta) for 11 months, but assured that he will begin work on it. Talking to media, he said there was no case of corruption against him and i
Published 17 Dec, 2009 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
PML-N terms Supreme Court verdict a historic decision

PML-N terms Supreme Court verdict a historic decision

Appreciating the Supreme Court (SC) verdict for declaring the National Reconciliation Ordinance (NRO) null and void, most of the political parties have termed it the first real success of the independent judiciary. Lauding the decision, Pakistan Muslim Le
Published 17 Dec, 2009 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Sindhi nationalists hail Supreme Court's verdict on NRO

Sindhi nationalists hail Supreme Court's verdict on NRO

The Sindhi nationalists political parties have said that Supreme Court's short verdict on the controversial National Reconciliation Ordinance (NRO), has no connection with the problems of Sindhis and Balochis. Chairman Jeay Sindh Qaumi Mahaz (JSQM) Bashir
Published 17 Dec, 2009 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Business community lauds decision

Business community lauds decision

Business and trade community of the twin cities of Islamabad and Rawalpindi has strongly hailed the verdict of the Supreme Court (SC) declaring National Reconciliation Ordinance (NRO) null and void and requested the government to retrieve looted money fro
Published 17 Dec, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Political parties hail decision

Political parties hail decision

Political parties on Wednesday welcomed the Supreme Court's brief verdict declaring the country's highly disputed immunity law National Reconciliation Ordinance (NRO) as null and void and contradictory to the Constitution of Pakistan, hoping that it will
Published 17 Dec, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
MQM activist gunned down

MQM activist gunned down

An activist of Muttahida Qaumi Movement (MQM) was shot dead by unidentified-armed persons within the jurisdiction of Al-Falah police on Wednesday. According to police, two unknown armed men riding a 125-cc Honda motorcycle intercepted two motorcyclists an
Published 17 Dec, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Drug trafficking case: LHC appoints Justice Ijaz as inquiry officer

Drug trafficking case: LHC appoints Justice Ijaz as inquiry officer

A division bench of the Lahore High Court (LHC) here on Wednesday appointing Justice Ijaz Ahmed Chaudhry, as an inquiry officer asked him to hold inquiry against an Additional District and Sessions judge (AD&SJ) Sialkot and his record keeper in connection
Published 17 Dec, 2009 12:00am
Malaysian team visits UVAS

Malaysian team visits UVAS

Minister for Agriculture, Punjab, Malik Ahmad Ali Aulakh has said that there is a lot of scope of mutual co-operation between Pakistan and Malaysia in the field of livestock and agriculture for increasing meat and milk production to earn more foreign exch
Published 17 Dec, 2009 12:00am
Kashf Foundation holds Children Art Competition

Kashf Foundation holds Children Art Competition

One-year scholarship and cash prizes were distributed among the children at the Children Art Competition conducted by Kashf Foundation here on Wednesday. While Kashf Foundation's Managing Director, Roshaneh Zafar, stated on the ceremony that Kashf Foundat
Published 17 Dec, 2009 12:00am
Aptma warns of closing down industry if exports of cotton yarn banned

Aptma warns of closing down industry if exports of cotton yarn banned

All Pakistan Textile Mills Association (Aptma) has warned of closing down the industry in case the government restricted exports of cotton yarn. Gohar Ejaz, Chairman Aptma Punjab, told Business Recorder that some 200 spinning mills would immediatel
Published 17 Dec, 2009 12:00am
'Education system does not meet demands of our economic system'

'Education system does not meet demands of our economic system'

Central leader Pakistan Muslim League-Nawaz (PML-N), Ahsan Iqbal MNA, who is also former Federal Education Minister, has stressed the need to formulate a long-term and short-term sectoral education planning for converting East India Company's education sy
Published 17 Dec, 2009 12:00am
Al-Huda Centre, ASASAH sign MoU

Al-Huda Centre, ASASAH sign MoU

Al-Huda Centre of Islamic Banking and Economics signs MoU with ASASAH here on Wednesday to render its services for Islamic micro-finance product development. It was told in the MoU ceremony that this is a step forward for the poverty reduction in Pakistan
Published 17 Dec, 2009 12:00am
'Lotte group's investments in Punjab to be protected'

'Lotte group's investments in Punjab to be protected'

Consultant to Chief Minister Punjab on Economic Affairs and Vice Chairman Punjab Board of Investment and Trade (PBIT), Pir Saad Ahsanuddin has invited a large delegation of South Korean officials from Lotte Group to meet with leading Pakistani business pe
Published 17 Dec, 2009 12:00am
'Seed stocking campaign imperative to maintain fish production'

'Seed stocking campaign imperative to maintain fish production'

Secretary Forestry Wildlife & Fisheries Punjab, Babar Hassan Bharwana has said that Fisheries Department is playing an important role in promoting fisheries related activities in the Punjab and a number of development schemes and projects in this connecti
Published 17 Dec, 2009 12:00am
Strike observed in Multan to mourn deaths

Strike observed in Multan to mourn deaths

All Shopping centres, educational institutions and Bazaars remained closed and Lawyers boycotted their professional duties to mourn the deaths on Wednesday in Dera Ghazi Khan city some 100 kilometre west of Multan.
Published 17 Dec, 2009 12:00am
Afghan military buildup not just a short-term fix: Mullen

Afghan military buildup not just a short-term fix: Mullen

Admiral Mike Mullen, Chairman of the US Joint Chiefs of Staff on Wednesday reassured Pakistan's military and civilian leadership that the Afghanistan military buildup is part of a long-term commitment to the region, not just a short term fix.
Published 17 Dec, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Matching response on Quetta Shura

Matching response on Quetta Shura

If Centcom chief General David Petraeus's media remark at Manama, the other day, is any pointer, one inescapable inference would be that the perceptional mismatch obtaining between the United States and Pakistan on the so-called Quetta Shura continues to
Published 17 Dec, 2009 12:00am
Lifeline for Dubai

Lifeline for Dubai

Abu Dhabi came to Dubai's rescue at the last minute on Monday, the 14th December when it offered a cash infusion of 10 billion dollars to tackle Dubai's mounting financial problems and prevent a default. The bailout package was clearly aimed at conveying
Published 17 Dec, 2009 12:00am
Corruption and PPRA

Corruption and PPRA

a conference titled 'Accountants for Business' speakers noted a well-known and highly disturbing fact: rampant corruption in the tax department has led to a decline in the tax to Gross Domestic Product ratio - a ratio long-considered to be a reflection of
Published 17 Dec, 2009 12:00am