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Print - 2010-01-08
Oracle positioned leader in web access management

Oracle positioned leader in web access management

Leading analyst firm, Gartner has positioned Oracle in the Leaders quadrant of "Magic Quadrant for Web Access Management" for 2009. The Gartner Magic Quadrant, a graphical representation of a marketplace at and for a specific time period, positions vendor
Published 08 Jan, 2010 12:00am
23 militants arrested

23 militants arrested

Security forces have arrested 23 militants including an important militant commander during a raid in Bara sub division of Khyber Agency. According to FC Media Cell, on a tip-off the security forces conducted an operation in Akakhel area of Bara sub divis
Published 08 Jan, 2010 12:00am
Government striving to improve education standard: Kundi

Government striving to improve education standard: Kundi

Deputy Speaker National Assembly Faisal Karim Kundi on Thursday said the government was concentrating on improving the standard of education in the country with specific focus on provision of education facilities to the areas. He said Gomal University D I
Published 08 Jan, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (January 07, 2010).

Published 08 Jan, 2010 12:00am
Zardari's speech termed historic

Zardari's speech termed historic

Leader of All Parties Hurriyat Conference AJK Chapter (APHC) Professor Ashraf Sarraf has termed President Zardari's speech to the joint session of AJK Legislative Assembly and Kashmir Council "positive as well historical assertion". The President has been
Published 08 Jan, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (January 07, 2010).

Published 08 Jan, 2010 12:00am
Security beefed up across AJK

Security beefed up across AJK

After the Wednesday's reported suicide attack in Palandri district and recent similar incidents of subversion in the capital city Muzaffarabad of AJK, the security has been put on high alert across AJK to strongly deal with any eventuality, official sourc
Published 08 Jan, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (January 07, 2010).

Published 08 Jan, 2010 12:00am
VAT suspected cases: Inland Revenue officials empowered to reject refund

VAT suspected cases: Inland Revenue officials empowered to reject refund

The Federal Value Added Tax (VAT) Act 2010 would empower the officials of Inland Revenue to reject VAT refund, input tax adjustment or drawback of tax in suspected cases through process of adjudication from July 1, 2010. The cases involving rejection of r
Published 08 Jan, 2010 12:00am
SHC restrains FDIBL from disposing of assets

SHC restrains FDIBL from disposing of assets

On the application of Mybank Limited, the Sindh High Court has restrained First Dawood Investment Bank Limited (FDIBL) from disposing off its substantial assets worth of million of rupees which are mentioned in its audited balance sheet of the year 2008-0
Published 08 Jan, 2010 12:00am
ABAD inks MoU with E-commerce gateway

ABAD inks MoU with E-commerce gateway

Association of Builders and Developers of Pakistan (ABAD) has inked a Memorandum of Understanding (MoU) for Build Asia 2010 with E-commerce gateway. The signing ceremony was held at ABAD house here on Thursday. In his keynote address, Engr Farooq-uz-Zaman
Published 08 Jan, 2010 12:00am
LHC dismisses Customs, Excise Group officials' petition

LHC dismisses Customs, Excise Group officials' petition

Lahore High Court (LHC), Rawalpindi bench, has dismissed the petition filed by the officials of Customs and Excise Group on the creation of Inland Revenue Services. Sources told Business Recorder here on Thursday that the LHC, Rawalpindi bench, dis
Published 08 Jan, 2010 12:00am
Lucky Cement, Oracle Coal Fields sign MoU

Lucky Cement, Oracle Coal Fields sign MoU

The management of Lucky Cement Limited has entered a memorandum of understanding (MoU) with M/s Oracle Coal Fields PLC, the UK developers of 1.4 billion tons coal deposits in Pakistan, for the supply of indigenous coal for its cement plants.
Published 08 Jan, 2010 12:00am
Taxpayer's registration: provinces empowered to register, cancel

Taxpayer's registration: provinces empowered to register, cancel

The Provincial Value Added Tax (VAT) Act 2010 has empowered the federating units to register, suspend/cancel VAT registration of any taxpayer operating within their jurisdiction. Sources told Business Recorder here on Thursday that the Federal Boar
Published 08 Jan, 2010 12:00am
Prime Minister takes serious notices of target killings in Karachi

Prime Minister takes serious notices of target killings in Karachi

Prime Minister Syed Yusuf Raza Gilani has taken a serious notice of the target killings in Karachi and directed the concerned authorities to apprehend the culprits involved in this heinous crime. The Prime Minister further directed the law enforcing agenc
Published 08 Jan, 2010 12:00am
Kayani and Taseer call on President

Kayani and Taseer call on President

Chief of Army Staff (COAS) General Ashfaq Pervaiz Kayani and Governor Punjab Salman Taseer held separate meetings with President Asif Ali Zardari on Thursday in the President House.
Published 08 Jan, 2010 12:00am
Refund payments to 33,000 taxpayers: FBR issues instructions to RTOs

Refund payments to 33,000 taxpayers: FBR issues instructions to RTOs

The Federal Board of Revenue (FBR) has issued instructions to the Regional Tax Offices (RTOs) for payment of refund to 33,000 taxpayers, who have electronically filed income tax returns by December 31 2009. In this regard, the FBR has issued instructions
Published 08 Jan, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (January 07, 2010).

Published 08 Jan, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 07, 2010).
Published 08 Jan, 2010 12:00am
National Assembly panel to probe into alleged corruption in TDAP

National Assembly panel to probe into alleged corruption in TDAP

National Assembly's standing committee on commerce on Thursday formed a three-member committee to probe into alleged corruption in Trade Development Authority of Pakistan (TDAP) after it was declared as third most corrupt organisation in the public sector
Published 08 Jan, 2010 12:00am
Companies directed to print consumer price on products

Companies directed to print consumer price on products

Chairman Task force on essential commodities S. A. Hameed has directed all the national and multi-national companies to print consumer price on their products and display rate list at prominent places on stores and shops. He issued these directives while
Published 08 Jan, 2010 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 Thursday (January 07, 2010).

Published 08 Jan, 2010 12:00am
Two attackers killed as IHK gunbattle ends

Two attackers killed as IHK gunbattle ends

Government forces in Indian occupied Kashmir ended a 20-hour gunbattle with suspected militants on Thursday, shooting and killing the two attackers who paralysed the region's main city. The attack was the first prolonged gunfight in occupied Srinagar sinc
Published 08 Jan, 2010 12:00am
Blackwater settles civil lawsuits on Iraq

Blackwater settles civil lawsuits on Iraq

The security firm formerly known as Blackwater has reached a settlement in a series of federal lawsuits accusing the company of excessive force against Iraqis. Plaintiffs' attorney Susan Burke filed a motion in federal court late Wednesday requesting the
Published 08 Jan, 2010 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 Thursday (January 07, 2010).

Published 08 Jan, 2010 12:00am
Drone strikes 'effective' part of US strategy: McCain

Drone strikes 'effective' part of US strategy: McCain

The use of drone strikes against suspected militants in Pakistan is an effective part of US strategy and should continue, Republican Senator John McCain said Thursday. His comments came after al Qaeda reportedly said an attack on a US base in eastern Afgh
Published 08 Jan, 2010 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 Thursday (January 07, 2010).

Published 08 Jan, 2010 12:00am
Attack on CIA agents was revenge for Mehsud's death

Attack on CIA agents was revenge for Mehsud's death

The al Qaeda terror network said its recent attack against a US intelligence base was in retribution for the deaths of several Pakistani Taliban leaders last year. IntelCenter, an organisation specialised in analysing Islamist websites, said Wednesday tha
Published 08 Jan, 2010 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 Thursday (January 07, 2010).

Published 08 Jan, 2010 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both the ways on the Lahore Stock Exchange (LSE) on Thursday and finally settled in green zone amid descending transaction volume on account of selling pressure in banking sector. The LSE-25 index marginally declined by 9.84 points and was
Published 08 Jan, 2010 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 08 Jan, 2010 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both the ways on the Lahore Stock Exchange (LSE) on Thursday and finally settled in green zone amid descending transaction volume on account of selling pressure in banking sector. The LSE-25 index marginally declined by 9.84 points and was
Published 08 Jan, 2010 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 08 Jan, 2010 12:00am
Supply-demand situation: PPIB managing director accused of misguiding PC

Supply-demand situation: PPIB managing director accused of misguiding PC

Pakistan Electric Power Company (Pepco) Managing Director Tahir Basharat Cheema has lambasted the Managing Director of Private Power Infrastructure Board (PPIB) for misguiding the Planning Commission regarding its role in power supply and demand situation
Published 08 Jan, 2010 12:00am
Supply-demand situation: PPIB managing director accused of misguiding PC

Supply-demand situation: PPIB managing director accused of misguiding PC

Pakistan Electric Power Company (Pepco) Managing Director Tahir Basharat Cheema has lambasted the Managing Director of Private Power Infrastructure Board (PPIB) for misguiding the Planning Commission regarding its role in power supply and demand situation
Published 08 Jan, 2010 12:00am
New York cotton

New York cotton

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

Published 08 Jan, 2010 12:00am
Supply-demand situation: PPIB managing director accused of misguiding PC

Supply-demand situation: PPIB managing director accused of misguiding PC

Pakistan Electric Power Company (Pepco) Managing Director Tahir Basharat Cheema has lambasted the Managing Director of Private Power Infrastructure Board (PPIB) for misguiding the Planning Commission regarding its role in power supply and demand situation
Published 08 Jan, 2010 12:00am
New York cotton

New York cotton

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

Published 08 Jan, 2010 12:00am
PPIB Board scraps two inactive AJK hydropower projects

PPIB Board scraps two inactive AJK hydropower projects

The Private Power Infrastructure Board (PPIB), which met here on Thursday with Minister for Water Power Raja Parvez Ashraf in the chair, scrapped two 200 MW inactive hydropower projects in Azad Kashmir. These projects were identified as 100 MW Kotli hydro
Published 08 Jan, 2010 12:00am
PPIB Board scraps two inactive AJK hydropower projects

PPIB Board scraps two inactive AJK hydropower projects

The Private Power Infrastructure Board (PPIB), which met here on Thursday with Minister for Water Power Raja Parvez Ashraf in the chair, scrapped two 200 MW inactive hydropower projects in Azad Kashmir. These projects were identified as 100 MW Kotli hydro
Published 08 Jan, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 190,790 tonnes of liquid import cargo including 144,667 tonnes of import 46,123 tonnes of export cargo and 6,037 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 144,667 t
Published 08 Jan, 2010 12:00am
PPIB Board scraps two inactive AJK hydropower projects

PPIB Board scraps two inactive AJK hydropower projects

The Private Power Infrastructure Board (PPIB), which met here on Thursday with Minister for Water Power Raja Parvez Ashraf in the chair, scrapped two 200 MW inactive hydropower projects in Azad Kashmir. These projects were identified as 100 MW Kotli hydro
Published 08 Jan, 2010 12:00am
Drought to hit Vietnam's winter spring rice crop

Drought to hit Vietnam's winter spring rice crop

Nearly 12 percent of the winter spring rice harvest in northern Vietnam will be seriously affected by drought this year, a state-run newspaper reported on Thursday, citing a government report. The impact of the El Nino phenomenon would be felt until about
Published 08 Jan, 2010 12:00am
Prices move both ways in thin trade on grain market

Prices move both ways in thin trade on grain market

A few changes were seen on the wholesale grain market on Thursday as some buyers were in the ring to cover the immediate needs, dealers said. On the cereals side wheat old and new (Bardana) gave up overnight weakness, gaining Rs 10 to Rs 2670-2685 and gur
Published 08 Jan, 2010 12:00am
Indian sugar mills run at half pace, imports seen

Indian sugar mills run at half pace, imports seen

Mills in a key sugar-producing state in India are running at half their capacity, which could hit output in the world's biggest consuming country and fuel a further surge in world prices. "The mills are able to utilise only 50 to 60 percent of their full
Published 08 Jan, 2010 12:00am
BRIndex30 down by 23.85 points

BRIndex30 down by 23.85 points

On Thursday, BRIndex30 opened at 8,557.27 and after fluctuating between positive and negative throughout the market time, it closed at 8,533.42 with a negative change of -23.85 or -0.28 percent. It experienced intra-day high and intra-day low of 8,624.84
Published 08 Jan, 2010 12:00am
EU grain snug under snow in Arctic-style freeze

EU grain snug under snow in Arctic-style freeze

Heavy snowfall has saved west European grain plantings from much damage from the Arctic-like weather sweeping across much of the region, analysts said on Thursday. Frosts as low as minus 20 degrees centigrade could have seriously hit crops but timely snow
Published 08 Jan, 2010 12:00am
BRIndex30 down by 23.85 points

BRIndex30 down by 23.85 points

On Thursday, BRIndex30 opened at 8,557.27 and after fluctuating between positive and negative throughout the market time, it closed at 8,533.42 with a negative change of -23.85 or -0.28 percent. It experienced intra-day high and intra-day low of 8,624.84
Published 08 Jan, 2010 12:00am
Oil cake market rates

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Thursday, dealers said. The new January vaida that closed at Rs 967.20 opened with a gain of 90 paisa at Rs 968.10, they said. The March contract, which ended at Rs 951.80 opened with a ris
Published 08 Jan, 2010 12:00am
Index gains 10.11 points

Index gains 10.11 points

After witnessing a mixed trend on Thursday the KSE-100 index finally managed to close in positive at 9,737.47 points level, with a net gain of 10.11 points. The market opened on a positive note on the fourth consecutive day and the index hit 9,812.97 poin
Published 08 Jan, 2010 12:00am
Cotton buyers, sellers adopt wait-and-see attitude

Cotton buyers, sellers adopt wait-and-see attitude

Wait-and-see attitude was adopted by both the buyers and sellers on the cotton market on Thursday, to observe the fresh developments, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 4,650, dealers said.
Published 08 Jan, 2010 12:00am
Index gains 10.11 points

Index gains 10.11 points

After witnessing a mixed trend on Thursday the KSE-100 index finally managed to close in positive at 9,737.47 points level, with a net gain of 10.11 points. The market opened on a positive note on the fourth consecutive day and the index hit 9,812.97 poin
Published 08 Jan, 2010 12:00am
Cotton market in a state of animated suspension

Cotton market in a state of animated suspension

The cotton market currently is in a state of animated suspension because on the one hand both domestic and foreign lint prices remain quite strong, while on the other hand trade in Pakistan eagerly awaits the governments policy regarding any restraints or
Published 08 Jan, 2010 12:00am
Index gains 10.11 points

Index gains 10.11 points

After witnessing a mixed trend on Thursday the KSE-100 index finally managed to close in positive at 9,737.47 points level, with a net gain of 10.11 points. The market opened on a positive note on the fourth consecutive day and the index hit 9,812.97 poin
Published 08 Jan, 2010 12:00am
Cotton market in a state of animated suspension

Cotton market in a state of animated suspension

The cotton market currently is in a state of animated suspension because on the one hand both domestic and foreign lint prices remain quite strong, while on the other hand trade in Pakistan eagerly awaits the governments policy regarding any restraints or
Published 08 Jan, 2010 12:00am
BoE keeps rate at record low

BoE keeps rate at record low

The Bank of England left its key interest rate at a record low 0.50 percent and maintained radical credit-easing plans on Thursday as Britain awaits data set to signal the end of a deep recession. Following a two-day meeting the central bank's nine-member
Published 08 Jan, 2010 12:00am
Oil below $83

Oil below $83

Oil fell below $83 a barrel on Thursday, after a 15-month high a day earlier, as worries about monetary policy tightening in China knocked commodities across the board. Crude managed to shrug off news of higher US stocks to post its 10th straight day of g
Published 08 Jan, 2010 12:00am
BoE keeps rate at record low

BoE keeps rate at record low

The Bank of England left its key interest rate at a record low 0.50 percent and maintained radical credit-easing plans on Thursday as Britain awaits data set to signal the end of a deep recession. Following a two-day meeting the central bank's nine-member
Published 08 Jan, 2010 12:00am
Tokyo rubber slips

Tokyo rubber slips

Tokyo rubber futures slipped on Thursday from a 15-month high, tracking moves in oil prices as a signal of tighter Chinese monetary policy sent commodities down across the board. Initially firm Tokyo futures lifted physical prices in Southeast Asia, where
Published 08 Jan, 2010 12:00am
Rice crop sounds like a good opportunity

Rice crop sounds like a good opportunity

It's been more than half-a-decade that the major global economies have been grumbling and protesting that China has artificially kept its currency undervalue to promote its export. China is an export-driven economy. It has accumulated forex reserves of ov
Published 08 Jan, 2010 12:00am
Insects cause $491 million losses to US cotton in '2009

Insects cause $491 million losses to US cotton in '2009

Losses caused by insects and pests to US cotton farmers in 2009 amounted to $491 million, according to a report issued Wednesday. Michael Williams, a member of the entomology and plant pathology department of Mississippi State University, stated in a repo
Published 08 Jan, 2010 12:00am
Rice crop sounds like a good opportunity

Rice crop sounds like a good opportunity

It's been more than half-a-decade that the major global economies have been grumbling and protesting that China has artificially kept its currency undervalue to promote its export. China is an export-driven economy. It has accumulated forex reserves of ov
Published 08 Jan, 2010 12:00am
US rice end mixed

US rice end mixed

US rice futures on the Chicago Board of Trade closed mixed on Wednesday in thin, choppy trade, with the benchmark March contract settling unchanged. Softening Asian cash prices hung over the market, with Vietnam eyeing record high exports. CBOT January se
Published 08 Jan, 2010 12:00am
Joint services moot discusses operational matters

Joint services moot discusses operational matters

A conference to dilate upon the operational matters was held at the General Headquarters (GHQ), on Thursday. Chief of Army Staff General Ashfaq Parvez Kayani chaired the conference, which was attended among others by Chief of Air Staff, Air Chief Marshal
Published 08 Jan, 2010 12:00am
New York sugar finishes higher

New York sugar finishes higher

Raw sugar futures closed higher Wednesday, eyeing a 29-year high on spurts of fund buying, strong fundamentals and positive technical indicators, brokers said. The March raw sugar contract rose 0.74 cent or 2.7 percent to settle at 28.38 cents per lb. Mar
Published 08 Jan, 2010 12:00am
Joint services moot discusses operational matters

Joint services moot discusses operational matters

A conference to dilate upon the operational matters was held at the General Headquarters (GHQ), on Thursday. Chief of Army Staff General Ashfaq Parvez Kayani chaired the conference, which was attended among others by Chief of Air Staff, Air Chief Marshal
Published 08 Jan, 2010 12:00am