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Print - 2010-03-10
Pakistan and Indonesia discuss defence agreement

Pakistan and Indonesia discuss defence agreement

Pakistan's Ambassador to Indonesia Sanaullah called on Defence Minister Purnomo Yusgiantoro in Jakarta on Monday to discuss finalisation of a defence agreement between Pakistan and Indonesia. The ambassador on this occasion expressed gratitude for invitin
Published 10 Mar, 2010 12:00am
Four sentenced to 25 years in prison for burying women alive

Four sentenced to 25 years in prison for burying women alive

Anti-Terrorism Court sentenced four accused to 25 years imprisonment and imposed a fine of Rs 100,000 each on Tuesday. The women were buried alive two years back in Goth Gorang, 80 kilometres from Usta Mohammad city of Jafferabad district for alleged forn
Published 10 Mar, 2010 12:00am
FUUAST Karachi issues closure notice

FUUAST Karachi issues closure notice

The Karachi Campus of the Federal Urdu University of Arts, Science and Technology (FUUAST) will remain shut on March 10 and 11. This was announced by the FUUAST Registrar here on Tuesday.
Published 10 Mar, 2010 12:00am
IBA organises 'Brandorama 2010' conference

IBA organises 'Brandorama 2010' conference

IBA Marketing Club proudly presented for the first time in the history of IBA, a marketing conference called "Brandorama 2010" on March 7th at the Marriott Hotel, Karachi. Brandorama revolved around the theme "the grandeur of branding."
Published 10 Mar, 2010 12:00am
Businessmen assure of carrying out business from 9am to 8pm

Businessmen assure of carrying out business from 9am to 8pm

A meeting of office-bearers of associations of various commercial centres of Karachi was held on Tuesday under the chairmanship of Sindh Chief Minister Syed Qaim Ali Shah. The issues of law and order at commercial centres, bazars and markets, load-sheddin
Published 10 Mar, 2010 12:00am
Hunza Ata Abad victims: Bait-ul-Maal to provide medicines

Hunza Ata Abad victims: Bait-ul-Maal to provide medicines

Chairman Pakistan Bait-ul-Maal, Gilgit-Baltistan, Shamshair Khan on Tuesday said Bait-ul-Maal would provide medicines worth Rs 200,000 to Hunza Ata Abad victims. Talking to newsmen, he said the institution would lend its full support for the rehabilitatio
Published 10 Mar, 2010 12:00am
BISP greatest achievement for poverty alleviation: Taseer

BISP greatest achievement for poverty alleviation: Taseer

The Benazir Income Support Programme (BISP) is present government's greatest achievement for alleviation of poverty from the country, said Governor Punjab Salmaan Taseer during his visit to BISP Secretariat here on Tuesday. In a meeting with Chairperson B
Published 10 Mar, 2010 12:00am
Taseer calls on Gilani

Taseer calls on Gilani

The Governor Punjab, Salman Taseer called on Prime Minister Syed Yusuf Raza Gilani at the Prime Minister's House on Tuesday. In the meeting, Taseer briefed the Prime Minister about the overall law and order situation in Punjab. The Governor also informed
Published 10 Mar, 2010 12:00am
'All-out efforts to be made to enhance Pakistan Steel's performance'

'All-out efforts to be made to enhance Pakistan Steel's performance'

"Pakistan Steel is striving hard to acquire its routine position and being a national asset, every possible step would be taken to facilitate Pakistan Steel financially in order to improve its production and capacity utilisation," said Ghous Bux Mahar, Ch
Published 10 Mar, 2010 12:00am
Government urged to ban export of meat

Government urged to ban export of meat

Traders and activists of consumer rights have demanded of government to ban the export of meat and take steps to prevent the animals smuggling, which cause sever shortage of the essential food.
Published 10 Mar, 2010 12:00am
RTOs told to launch ST registration drive against cable operators

RTOs told to launch ST registration drive against cable operators

The Federal Board of Revenue has directed Regional Tax Offices (RTOs) to launch compulsory sales tax registration campaign against cable operators. Sources in RTO, Karachi told Business Recorder on Tuesday that the tax department had earlier issued
Published 10 Mar, 2010 12:00am
Turkey not ready to return envoy to Washington: Prime Minister

Turkey not ready to return envoy to Washington: Prime Minister

Turkey said on Tuesday that Ankara is not ready to send its ambassador back to Washington after a US Congress panel branded the massacre of Armenians by Ottoman Turks as genocide. "As long as the situation does not get any clearer we will not send back ou
Published 10 Mar, 2010 12:00am
Mangla dam reaches dead level

Mangla dam reaches dead level

Mangla dam has reached its dead level of 1,040 feet, therefore the Indus River System Authority (Irsa) is releasing only run of the river water instead of daily 30,000 cusecs water downstream in the river Jhelum command area from Tuesday, consultant Irrig
Published 10 Mar, 2010 12:00am
Railways working on godown-to-go down freight train service

Railways working on godown-to-go down freight train service

The Pakistan Railways is working on a project for running Godown-to-Godown Freight Train to facilitate the business community, which would be on track as soon as the modalities are finalised. The Federal Minister for Railways, Haji Ghulam Ahmad Bilour sta
Published 10 Mar, 2010 12:00am
Afghan war's 'decisive phase' looms in Kandahar: Gates

Afghan war's 'decisive phase' looms in Kandahar: Gates

US Secretary of Defence Robert Gates told troops in southern Afghanistan on Tuesday they would soon be part of a "decisive phase" in the war - an operation to impose control over the Taliban heartland of Kandahar province.
Published 10 Mar, 2010 12:00am
Israel wants nuclear plant with Arab neighbours

Israel wants nuclear plant with Arab neighbours

Israel unveiled plans Tuesday to work with its Arab neighbours to build a nuclear power plant in a project aimed at meeting the region's energy needs and promoting peace. Israel has already chosen a site for the nuclear reactor - the first to be put to ci
Published 10 Mar, 2010 12:00am
Australia job advertisements jump, augurs well for hiring

Australia job advertisements jump, augurs well for hiring

Australian job advertisements surged by the most in a decade in February while firms reported improving sales and confidence, providing fresh signs of economic strength that add to the case for yet higher interest rates. The Australian dollar edged up and
Published 10 Mar, 2010 12:00am
CEOs, boards of eight PSEs to be replaced

CEOs, boards of eight PSEs to be replaced

The government has decided to replace the incumbent Chief Executive Officers (CEOs) and Boards of Directors (BoDs) of eight public sector enterprises (PSEs), some of which are near bankruptcy, sources in Finance Ministry told Business Recorder.
Published 10 Mar, 2010 12:00am
CEOs, boards of eight PSEs to be replaced

CEOs, boards of eight PSEs to be replaced

The government has decided to replace the incumbent Chief Executive Officers (CEOs) and Boards of Directors (BoDs) of eight public sector enterprises (PSEs), some of which are near bankruptcy, sources in Finance Ministry told Business Recorder.
Published 10 Mar, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (March 09, 2010).

Published 10 Mar, 2010 12:00am
CEOs, boards of eight PSEs to be replaced

CEOs, boards of eight PSEs to be replaced

The government has decided to replace the incumbent Chief Executive Officers (CEOs) and Boards of Directors (BoDs) of eight public sector enterprises (PSEs), some of which are near bankruptcy, sources in Finance Ministry told Business Recorder.
Published 10 Mar, 2010 12:00am
FBR unearths massive revenue leakage at import stage

FBR unearths massive revenue leakage at import stage

The Federal Board of Revenue (FBR) has unearthed massive leakage of revenue at the import stage, including wrong application of withholding tax, inadmissible allowance of withholding tax exemption, application of invalid notifications and applicability of
Published 10 Mar, 2010 12:00am
FBR unearths massive revenue leakage at import stage

FBR unearths massive revenue leakage at import stage

The Federal Board of Revenue (FBR) has unearthed massive leakage of revenue at the import stage, including wrong application of withholding tax, inadmissible allowance of withholding tax exemption, application of invalid notifications and applicability of
Published 10 Mar, 2010 12:00am
FBR unearths massive revenue leakage at import stage

FBR unearths massive revenue leakage at import stage

The Federal Board of Revenue (FBR) has unearthed massive leakage of revenue at the import stage, including wrong application of withholding tax, inadmissible allowance of withholding tax exemption, application of invalid notifications and applicability of
Published 10 Mar, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 09, 2010).

Published 10 Mar, 2010 12:00am
Cabinet to approve $211.2 million Pak-Aussie uplift plan

Cabinet to approve $211.2 million Pak-Aussie uplift plan

The Cabinet, scheduled to meet on Wednesday, is set to approve Australia-Pakistan Development Partnership (APDP) worth $211.2 million for years 2010-13. After the approval of the Cabinet, Australian government and Pakistan would sign a Memorandum of Under
Published 10 Mar, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 09, 2010).
Published 10 Mar, 2010 12:00am
Cabinet to approve $211.2 million Pak-Aussie uplift plan

Cabinet to approve $211.2 million Pak-Aussie uplift plan

The Cabinet, scheduled to meet on Wednesday, is set to approve Australia-Pakistan Development Partnership (APDP) worth $211.2 million for years 2010-13. After the approval of the Cabinet, Australian government and Pakistan would sign a Memorandum of Under
Published 10 Mar, 2010 12:00am
Cabinet to approve $211.2 million Pak-Aussie uplift plan

Cabinet to approve $211.2 million Pak-Aussie uplift plan

The Cabinet, scheduled to meet on Wednesday, is set to approve Australia-Pakistan Development Partnership (APDP) worth $211.2 million for years 2010-13. After the approval of the Cabinet, Australian government and Pakistan would sign a Memorandum of Under
Published 10 Mar, 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 Tuesday (March 09, 2010).

Published 10 Mar, 2010 12:00am
Qureshi, Australian foreign minister discuss bilateral ties

Qureshi, Australian foreign minister discuss bilateral ties

Foreign Minister Makhdoom Shah Mahmood Qureshi and Australian Foreign Minister Stephen Smith discussed a range of bilateral issues during a telephonic conversation on Tuesday. The Foreign Ministers expressed satisfaction over growing bilateral ties especi
Published 10 Mar, 2010 12:00am
BRIndex30 index up 26.28 points

BRIndex30 index up 26.28 points

On Tuesday, the BRIndex30 Index opened at 8,552.02 points and remained in positive for the whole market time. It touched intra-day high of 8,641.62 and low of 8,552.02 points and closed at 8,578.30 points, with a positive change of 26.28 points, or 0.31 p
Published 10 Mar, 2010 12:00am
BRIndex30 index up 26.28 points

BRIndex30 index up 26.28 points

On Tuesday, the BRIndex30 Index opened at 8,552.02 points and remained in positive for the whole market time. It touched intra-day high of 8,641.62 and low of 8,552.02 points and closed at 8,578.30 points, with a positive change of 26.28 points, or 0.31 p
Published 10 Mar, 2010 12:00am
Index gains 46.84 points

Index gains 46.84 points

Bullish trend continued at the Karachi share market on Tuesday on the back of strong interest of foreign investors, and the KSE-100 index gained 46.84 points to close at 9,787.03 points level. After opening in green zone, the index hit 9,859.57 points int
Published 10 Mar, 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 Tuesday (March 09, 2010).

Published 10 Mar, 2010 12:00am
Index gains 46.84 points

Index gains 46.84 points

Bullish trend continued at the Karachi share market on Tuesday on the back of strong interest of foreign investors, and the KSE-100 index gained 46.84 points to close at 9,787.03 points level. After opening in green zone, the index hit 9,859.57 points int
Published 10 Mar, 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 Tuesday (March 09, 2010).

Published 10 Mar, 2010 12:00am
Index gains 46.84 points

Index gains 46.84 points

Bullish trend continued at the Karachi share market on Tuesday on the back of strong interest of foreign investors, and the KSE-100 index gained 46.84 points to close at 9,787.03 points level. After opening in green zone, the index hit 9,859.57 points int
Published 10 Mar, 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 Tuesday (March 09, 2010).

Published 10 Mar, 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 10 Mar, 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 10 Mar, 2010 12:00am
Revival of sick textile units: ministry seeks data on NPLs

Revival of sick textile units: ministry seeks data on NPLs

The Ministry of Textiles has asked the State Bank of Pakistan (SBP) to provide unit-wise data of non-performing loans of textile units and their current status (operating, closed, etc) to adopt a two-pronged strategy for revival of the sick units. Sources
Published 10 Mar, 2010 12:00am
New York cotton

New York cotton

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

Published 10 Mar, 2010 12:00am
Revival of sick textile units: ministry seeks data on NPLs

Revival of sick textile units: ministry seeks data on NPLs

The Ministry of Textiles has asked the State Bank of Pakistan (SBP) to provide unit-wise data of non-performing loans of textile units and their current status (operating, closed, etc) to adopt a two-pronged strategy for revival of the sick units. Sources
Published 10 Mar, 2010 12:00am
New York cotton

New York cotton

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

Published 10 Mar, 2010 12:00am
Revival of sick textile units: ministry seeks data on NPLs

Revival of sick textile units: ministry seeks data on NPLs

The Ministry of Textiles has asked the State Bank of Pakistan (SBP) to provide unit-wise data of non-performing loans of textile units and their current status (operating, closed, etc) to adopt a two-pronged strategy for revival of the sick units. Sources
Published 10 Mar, 2010 12:00am
Aptma units to go on strike from March 18

Aptma units to go on strike from March 18

Announcing to disassociate with the Ministry of Textile Industry, the All Pakistan Textile Mills Association (Aptma) has decided to go on strike from March 18, if the Prime Minister or the President did not resolve the issue of cotton yarn export.
Published 10 Mar, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 147,810 tonnes of cargo including 80,120 tonnes of import cargo; 67,690 tonnes of export cargo and 3,254 loaded and empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 80,120 tonnes comp
Published 10 Mar, 2010 12:00am
Aptma units to go on strike from March 18

Aptma units to go on strike from March 18

Announcing to disassociate with the Ministry of Textile Industry, the All Pakistan Textile Mills Association (Aptma) has decided to go on strike from March 18, if the Prime Minister or the President did not resolve the issue of cotton yarn export.
Published 10 Mar, 2010 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

The average price of Bangladeshi teas fell some 4.22 percent to 154.20 taka ($2.23) per kg on poor quality at the weekly aucttion on Tuesday, brokers said About 732,415 kg were sold on average at 154.20 taka per kg, down 6.51 taka from the last sale. Some
Published 10 Mar, 2010 12:00am
Aptma units to go on strike from March 18

Aptma units to go on strike from March 18

Announcing to disassociate with the Ministry of Textile Industry, the All Pakistan Textile Mills Association (Aptma) has decided to go on strike from March 18, if the Prime Minister or the President did not resolve the issue of cotton yarn export.
Published 10 Mar, 2010 12:00am
Global palm oil prices likely to rise

Global palm oil prices likely to rise

Global palm oil prices are likely to rise moderately in the first half of 2010 because of continued strong global demand, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. "Although fluctuating, we expect palm oil prices to trend moderately h
Published 10 Mar, 2010 12:00am
World must prepare for next crisis: IMF

World must prepare for next crisis: IMF

The head of the International Monetary Fund says the world needs to prepare for the next economic crisis, even as it begins to recover from the worst recession since the Great Depression. IMF Managing Director Dominique Strauss-Kahn, speaking to business
Published 10 Mar, 2010 12:00am
China will be prudent in buying gold

China will be prudent in buying gold

China will be prudent in adding gold to its official reserves, wary that any move to buy the precious metal would only serve to drive its price higher, the country's top foreign exchange manager said. Yi Gang, head of the State Administration of Foreign E
Published 10 Mar, 2010 12:00am
World must prepare for next crisis: IMF

World must prepare for next crisis: IMF

The head of the International Monetary Fund says the world needs to prepare for the next economic crisis, even as it begins to recover from the worst recession since the Great Depression. IMF Managing Director Dominique Strauss-Kahn, speaking to business
Published 10 Mar, 2010 12:00am
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