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Print - 2010-01-09
Zardari meets Syrian President

Zardari meets Syrian President

President Asif Ali Zardari met Syrian President Bashar al Assad on Friday night and condoled with him over the death of his brother Majd al Assad, who passed away last month. President Zardari, when arrived at the Presidential Palace, was received by his
Published 09 Jan, 2010 12:00am
Norway newspaper publishes blasphemous cartoons

Norway newspaper publishes blasphemous cartoons

The Norwegian newspaper Aftenposten published on Friday reproductions of highly blasphemous cartoons of the Prophet Muhammed (PBUH) by Kurt Westergaard, the victim of attempted murder last week. In an article on Westergaard, the daily printed small versio
Published 09 Jan, 2010 12:00am
Norway newspaper publishes blasphemous cartoons

Norway newspaper publishes blasphemous cartoons

The Norwegian newspaper Aftenposten published on Friday reproductions of highly blasphemous cartoons of the Prophet Muhammed (PBUH) by Kurt Westergaard, the victim of attempted murder last week. In an article on Westergaard, the daily printed small versio
Published 09 Jan, 2010 12:00am
Italy considering manufacturing pharmaceutical products in Pakistan

Italy considering manufacturing pharmaceutical products in Pakistan

Italy is contemplating Pakistan as a manufacturing base for pharmaceutical products to escalate the trading activities in African, Asian and Saarc regions. This was stated by Tariq Ikram, President of Italy Development Council (IDC), along with Saleem H M
Published 09 Jan, 2010 12:00am
WTO chief says world recovery not guaranteed in 2010

WTO chief says world recovery not guaranteed in 2010

The world economy may not emerge out of crisis in 2010 due to "bubbles" created by the huge injections of money used to keep the financial system operating, World Trade Organisation chief Pascal Lamy said Friday. "You have to be realistic, it is not guara
Published 09 Jan, 2010 12:00am
Meeting MCR and CAR: Atlas Bank granted extension till March 31

Meeting MCR and CAR: Atlas Bank granted extension till March 31

State Bank of Pakistan has granted Atlas Bank Ltd an extension till March 31 2010, to meet the MCR and Capital Adequacy Ratio (Car). Atlas Bank has been assigned a long-term rating of "A-" (A minus) and a short-term rating of "A2" (A Two) by the Pakistan
Published 09 Jan, 2010 12:00am
Meeting MCR and CAR: Atlas Bank granted extension till March 31

Meeting MCR and CAR: Atlas Bank granted extension till March 31

State Bank of Pakistan has granted Atlas Bank Ltd an extension till March 31 2010, to meet the MCR and Capital Adequacy Ratio (Car). Atlas Bank has been assigned a long-term rating of "A-" (A minus) and a short-term rating of "A2" (A Two) by the Pakistan
Published 09 Jan, 2010 12:00am
Meeting MCR and CAR: Atlas Bank granted extension till March 31

Meeting MCR and CAR: Atlas Bank granted extension till March 31

State Bank of Pakistan has granted Atlas Bank Ltd an extension till March 31 2010, to meet the MCR and Capital Adequacy Ratio (Car). Atlas Bank has been assigned a long-term rating of "A-" (A minus) and a short-term rating of "A2" (A Two) by the Pakistan
Published 09 Jan, 2010 12:00am
Supply of cane to sugar mills in Badin and Thatta suspended

Supply of cane to sugar mills in Badin and Thatta suspended

The supply of sugarcane to the mills in different parts of the province has been suspended as the millers, according to growers, are not paying the minimum price of the commodity fixed by the Sindh government. According to sources in Sindh Abadgar Board,
Published 09 Jan, 2010 12:00am
Two more arrested in suspected New York bomb plot

Two more arrested in suspected New York bomb plot

Federal authorities arrested two men on Friday in connection with the case of an Afghan-born man accused of plotting a bombing attack in New York City on the anniversary of the September 11 attacks. Adis Medunjanin, 25 and of Bosnian origin, and Zarein Ah
Published 09 Jan, 2010 12:00am
I don't need favour of foreign powers: Karzai

I don't need favour of foreign powers: Karzai

Afghanistan's President Hamid Karzai, whose fragile government is propped up by more than 100,000 foreign troops, said Friday he does not need "the favour" of the international community. The US and Nato have 113,000 troops fighting a Taliban insurgency t
Published 09 Jan, 2010 12:00am
I don't need favour of foreign powers: Karzai

I don't need favour of foreign powers: Karzai

Afghanistan's President Hamid Karzai, whose fragile government is propped up by more than 100,000 foreign troops, said Friday he does not need "the favour" of the international community. The US and Nato have 113,000 troops fighting a Taliban insurgency t
Published 09 Jan, 2010 12:00am
BRIndex30 up by 21.15 points

BRIndex30 up by 21.15 points

On Friday, BRIndex30 opened at 8,533.42 and after remaining positive for most of the trading time, closed at 8,554.57 with a net positive change of 21.15 points and percentage change of 0.25. It showed intra-day high of 8,606.39 and intra-day low of 8,528
Published 09 Jan, 2010 12:00am
BRIndex30 up by 21.15 points

BRIndex30 up by 21.15 points

On Friday, BRIndex30 opened at 8,533.42 and after remaining positive for most of the trading time, closed at 8,554.57 with a net positive change of 21.15 points and percentage change of 0.25. It showed intra-day high of 8,606.39 and intra-day low of 8,528
Published 09 Jan, 2010 12:00am
Index gains 38.74 points

Index gains 38.74 points

The Karachi share market on Friday witnessed positive trend and KSE-100 index gained 38.74 points to close at 9,776.21 points from 9,737.47 points. The index hit 9,823.64 points intra-day high and 9,736.60 points low. Despite positive trend, trading volum
Published 09 Jan, 2010 12:00am
Index gains 38.74 points

Index gains 38.74 points

The Karachi share market on Friday witnessed positive trend and KSE-100 index gained 38.74 points to close at 9,776.21 points from 9,737.47 points. The index hit 9,823.64 points intra-day high and 9,736.60 points low. Despite positive trend, trading volum
Published 09 Jan, 2010 12:00am
Index gains 38.74 points

Index gains 38.74 points

The Karachi share market on Friday witnessed positive trend and KSE-100 index gained 38.74 points to close at 9,776.21 points from 9,737.47 points. The index hit 9,823.64 points intra-day high and 9,736.60 points low. Despite positive trend, trading volum
Published 09 Jan, 2010 12:00am
FBR to issue notices to 0.1 million returns non-filers per month

FBR to issue notices to 0.1 million returns non-filers per month

The government has committed to the International Monetary Fund (IMF) to issue notices to 100,000 non-filers of income tax returns, per month, from January 2010 onwards and take strict legal action against the non-compliant.
Published 09 Jan, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (January 08, 2010).

Published 09 Jan, 2010 12:00am
FBR to issue notices to 0.1 million returns non-filers per month

FBR to issue notices to 0.1 million returns non-filers per month

The government has committed to the International Monetary Fund (IMF) to issue notices to 100,000 non-filers of income tax returns, per month, from January 2010 onwards and take strict legal action against the non-compliant.
Published 09 Jan, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 08, 2010).
Published 09 Jan, 2010 12:00am
FBR to issue notices to 0.1 million returns non-filers per month

FBR to issue notices to 0.1 million returns non-filers per month

The government has committed to the International Monetary Fund (IMF) to issue notices to 100,000 non-filers of income tax returns, per month, from January 2010 onwards and take strict legal action against the non-compliant.
Published 09 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 Friday (January 08, 2010).

Published 09 Jan, 2010 12:00am
Factors responsible for slippage of Rs 120 billion

Factors responsible for slippage of Rs 120 billion

The slippage of Rs 120 billion in fiscal performance during July-September (2009-2010) was due mostly to temporary factors. According to the Letter of Intent (LoI) submitted by the government of Pakistan to the International Monetary Fund (IMF), four prin
Published 09 Jan, 2010 12:00am
Factors responsible for slippage of Rs 120 billion

Factors responsible for slippage of Rs 120 billion

The slippage of Rs 120 billion in fiscal performance during July-September (2009-2010) was due mostly to temporary factors. According to the Letter of Intent (LoI) submitted by the government of Pakistan to the International Monetary Fund (IMF), four prin
Published 09 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 Friday (January 08, 2010).

Published 09 Jan, 2010 12:00am
Factors responsible for slippage of Rs 120 billion

Factors responsible for slippage of Rs 120 billion

The slippage of Rs 120 billion in fiscal performance during July-September (2009-2010) was due mostly to temporary factors. According to the Letter of Intent (LoI) submitted by the government of Pakistan to the International Monetary Fund (IMF), four prin
Published 09 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 Friday (January 08, 2010).

Published 09 Jan, 2010 12:00am
LoI takes note of NPLs issue

LoI takes note of NPLs issue

The Letter of Intent (LoI), submitted by the government to the International Monetary Fund (IMF) as a prerequisite for the release of the fourth tranche under the standby arrangement, has taken note of the politically charged issue of non-performing loans
Published 09 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 Friday (January 08, 2010).

Published 09 Jan, 2010 12:00am
LoI takes note of NPLs issue

LoI takes note of NPLs issue

The Letter of Intent (LoI), submitted by the government to the International Monetary Fund (IMF) as a prerequisite for the release of the fourth tranche under the standby arrangement, has taken note of the politically charged issue of non-performing loans
Published 09 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 09 Jan, 2010 12:00am
LoI takes note of NPLs issue

LoI takes note of NPLs issue

The Letter of Intent (LoI), submitted by the government to the International Monetary Fund (IMF) as a prerequisite for the release of the fourth tranche under the standby arrangement, has taken note of the politically charged issue of non-performing loans
Published 09 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 09 Jan, 2010 12:00am
Government fails to keep inflation within budgetary target: IMF informed

Government fails to keep inflation within budgetary target: IMF informed

Pakistan has informed the International Monetary Fund (IMF) of its failure to keep inflation within the budgetary target of 9.5 percent and conceded that it would be 11 percent at the end of the current fiscal. The government, in the letter of intent (LoI
Published 09 Jan, 2010 12:00am
Government fails to keep inflation within budgetary target: IMF informed

Government fails to keep inflation within budgetary target: IMF informed

Pakistan has informed the International Monetary Fund (IMF) of its failure to keep inflation within the budgetary target of 9.5 percent and conceded that it would be 11 percent at the end of the current fiscal. The government, in the letter of intent (LoI
Published 09 Jan, 2010 12:00am
New York cotton

New York cotton

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

Published 09 Jan, 2010 12:00am
Government fails to keep inflation within budgetary target: IMF informed

Government fails to keep inflation within budgetary target: IMF informed

Pakistan has informed the International Monetary Fund (IMF) of its failure to keep inflation within the budgetary target of 9.5 percent and conceded that it would be 11 percent at the end of the current fiscal. The government, in the letter of intent (LoI
Published 09 Jan, 2010 12:00am
New York cotton

New York cotton

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

Published 09 Jan, 2010 12:00am
BRIDGE NOTES: combination of chances

BRIDGE NOTES: combination of chances

The following examples are classic lessons of safety play in declarer's bridge armoury where he needs to spot his best chances of success by relying not on any one single chance but a series of combination of chances. In bridge, to succeed, you need to ut
Published 09 Jan, 2010 12:00am
SPORTS WORLD: A nasty case of déjà vu

SPORTS WORLD: A nasty case of déjà vu

Pakistan Cricket Board (PCB) authorities must be aware of the fact that Pakistan team is an "unpredictable" and "inconsistent", as if they want to win, they can win. It has been noted on various occasions that on one day Pakistani batsmen tear apart the w
Published 09 Jan, 2010 12:00am
Basic Skills Development Workshop for Rural Journalists

Basic Skills Development Workshop for Rural Journalists

A basic skills development workshop for journalists in rural areas was organised recently by Rural Media Network Pakistan (RMNP) with the collaboration of UNESCO in Ahmadpur near Bhawalpur.
Published 09 Jan, 2010 12:00am
CAPITAL CULTURAL SCENE: Knowledge under siege

CAPITAL CULTURAL SCENE: Knowledge under siege

In an ignorance and illiteracy stricken society institution of library may not enjoys the status of most deserving instrument of socio-cultural elevation of its people. But if we could understand the secret of the success of our ancestors and of course th
Published 09 Jan, 2010 12:00am
Borrowing by provinces limited to Rs 47 billion

Borrowing by provinces limited to Rs 47 billion

The government has limited the borrowing by provinces equivalent to six weeks of provincial wages and salaries, totalling Rs 47 billion, to strengthen financial controls on borrowing. The government in the letter of Intent (LoI) submitted to IMF under sta
Published 09 Jan, 2010 12:00am
Education for all - a dream

Education for all - a dream

Unesco organised, in the year 2000, a world education forum in Senegal with 1,100 participants to adopt a collective commitment of action to attain "education for all by year 2015". Conflicting to the goal set by Unesco; the current literacy rate of Pakis
Published 09 Jan, 2010 12:00am
Borrowing by provinces limited to Rs 47 billion

Borrowing by provinces limited to Rs 47 billion

The government has limited the borrowing by provinces equivalent to six weeks of provincial wages and salaries, totalling Rs 47 billion, to strengthen financial controls on borrowing. The government in the letter of Intent (LoI) submitted to IMF under sta
Published 09 Jan, 2010 12:00am
ART FACT: Philosophical and sensitive images

ART FACT: Philosophical and sensitive images

An exhibition of contemporary miniature paintings titled 'Fallen', by Mudassar Manzoor at Gandhara - Art Gallery engages viewer through its synchronising dynamic compositions, colour tones and textures. His paintings combine realism and expressionism carr
Published 09 Jan, 2010 12:00am
Borrowing by provinces limited to Rs 47 billion

Borrowing by provinces limited to Rs 47 billion

The government has limited the borrowing by provinces equivalent to six weeks of provincial wages and salaries, totalling Rs 47 billion, to strengthen financial controls on borrowing. The government in the letter of Intent (LoI) submitted to IMF under sta
Published 09 Jan, 2010 12:00am
Poverty and the child

Poverty and the child

Poverty starts having an impact on the child's life in Pakistan when he is still in the mothers' womb. In developed countries a newly born child is 3-4 kilos in weight and has an average height of 51 centimeters. In developing countries like Pakistan it w
Published 09 Jan, 2010 12:00am
KARACHI CHRONICLE: Why did they do that?

KARACHI CHRONICLE: Why did they do that?

Now that the Sindh High Court has issued a plea for judicial inquiry into the Ashura carnage and subsequent acts of arson that occurred on 28 December in Karachi, we may get answers to a puzzling question: why was the wholesale market set aflame?
Published 09 Jan, 2010 12:00am
Why does Karachi always pay?

Why does Karachi always pay?

Death and destruction engulfed the heart of the metropolis when a bomb blast occurred in the main Ashura procession at M.A. Jinnah Road, killing and injuring hundreds, with the death toll still rising after a week, as many seriously injured fought a battl
Published 09 Jan, 2010 12:00am
Finding hope amid despair: The vandals went looting and pillaging

Finding hope amid despair: The vandals went looting and pillaging

It's hard to even think straight as one enters the once fire-afflicted area of Boulton Market at M.A. Jinnah Road, formerly known as Bunder Road. Its hard enough to collect your thoughts in the chaos, let alone try and engage someone in an interview/conve
Published 09 Jan, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 115,260 tonnes of liquid import cargo including 61,545 tonnes of import 53,715 tonnes of export cargo and 4,874 loaded and empty containers during last 24 hours ended at 0700 hours on Friday.
Published 09 Jan, 2010 12:00am
No change on grain market

No change on grain market

No business was seen on the seeds and wholesale grain market on Friday as main participants were busy in Juma prayers.
Published 09 Jan, 2010 12:00am
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