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Print - 2010-03-11
Government taking steps to facilitate free flow of information: Kaira

Government taking steps to facilitate free flow of information: Kaira

Minister for Information and Broadcasting, Qamar Zaman Kaira said on Wednesday that the present democratic government believed in freedom of expression and has been taking appropriate steps to facilitate the flow of information through an independent and
Published 11 Mar, 2010 12:00am
Prime Minister urges MPs to ensure provision of relief to common man

Prime Minister urges MPs to ensure provision of relief to common man

Prime Minister Syed Yousuf Raza Gilani on Wednesday called upon the elected members of parliament to take account of development work in their respective areas and assess the benefit and relief to the common man. Talking to a group of ministers and parlia
Published 11 Mar, 2010 12:00am
Business community waiting for new finance minister

Business community waiting for new finance minister

Business community is waiting anxiously for new finance minister, being delaying for more than 10 days since the resignation of Shaukat Tarin. Talking to Business Recorder, the business circles said many issues are lying pending with the absence of a fina
Published 11 Mar, 2010 12:00am
Law officers' appointments challenged

Law officers' appointments challenged

The Lahore High Court (LHC) here on Wednesday while hearing two identical petitions challenging appointments of more than 90 law officers observed that if the accused persons were free to engage lawyers of their own choice then why government could not en
Published 11 Mar, 2010 12:00am
NAB chief goes on long leave

NAB chief goes on long leave

National Accountability Bureau (NAB) Chairman Naveed Ahsan has gone on long leave and Deputy Chairman has taken over his responsibilities, Aaj News reported on Wednesday. Earlier, on February 24 NAB Chairman Naveed Ahsan tendered his resignation bu
Published 11 Mar, 2010 12:00am
Strategy to curb under-invoicing, smuggling through ATT under way

Strategy to curb under-invoicing, smuggling through ATT under way

The Federal Board of Revenue (FBR) is evolving a concrete and foolproof strategy to get rid of menace of under-invoicing and smuggling through the Afghan Transit Trade (ATT) once for all, as both these malpractice's are hitting the country's economy badly
Published 11 Mar, 2010 12:00am
Shahbaz directs to appoint 277 specialist doctors for DHQs, THQs

Shahbaz directs to appoint 277 specialist doctors for DHQs, THQs

Chief Minister Punjab Muhammad Shahbaz Sharif, with a view to overcoming the shortage of Specialist Doctors, has directed the Health Department to appoint immediately 277 Specialists for DHQ and THQ hospitals under Punjab Health Sector Reforms Programme.
Published 11 Mar, 2010 12:00am
Farooqui's acquittal plea rejected

Farooqui's acquittal plea rejected

The Special Accountability Court-II Rawalpindi on Wednesday rejected the acquittal plea, filed by co-accused in ARY Gold reference Salman Farooqui, while observing that the acquittal was impossible without recording the statements of the prosecution witne
Published 11 Mar, 2010 12:00am
Pakistani students' deportation appeal case at London court

Pakistani students' deportation appeal case at London court

The three week hearing of five Pakistani students who have filed cases before a British immigration court against their deportation has began with a UK intelligence officer claiming that the group planned to strike just before their arrest in north west E
Published 11 Mar, 2010 12:00am
Opec raises oil demand forecast

Opec raises oil demand forecast

The Opec oil producers' cartel upgraded slightly on Wednesday its forecast for modest growth in world oil demand this year, but warned the slow pace of economic recovery was clouding the outlook. "World oil demand has been highly dependent upon the world
Published 11 Mar, 2010 12:00am
17 percent increase in July-February remittances

17 percent increase in July-February remittances

Remittances sent from overseas Pakistanis continued to show rising trend as $5,786.89 million was received in eight months (July-February period) of the current fiscal year, showing an increase of $868.26 million, or 17.65 percent, from $4,918.73 million
Published 11 Mar, 2010 12:00am
17 percent increase in July-February remittances

17 percent increase in July-February remittances

Remittances sent from overseas Pakistanis continued to show rising trend as $5,786.89 million was received in eight months (July-February period) of the current fiscal year, showing an increase of $868.26 million, or 17.65 percent, from $4,918.73 million
Published 11 Mar, 2010 12:00am
17 percent increase in July-February remittances

17 percent increase in July-February remittances

Remittances sent from overseas Pakistanis continued to show rising trend as $5,786.89 million was received in eight months (July-February period) of the current fiscal year, showing an increase of $868.26 million, or 17.65 percent, from $4,918.73 million
Published 11 Mar, 2010 12:00am
Finance has no plan to bail out power and oil sectors

Finance has no plan to bail out power and oil sectors

Despite the fact that power and oil sectors are in critical situation due to circular debt, the Finance Ministry has no immediate plan for fund releases or commitment to bail them out during the coming month of April, Business Recorder has learnt.
Published 11 Mar, 2010 12:00am
Finance has no plan to bail out power and oil sectors

Finance has no plan to bail out power and oil sectors

Despite the fact that power and oil sectors are in critical situation due to circular debt, the Finance Ministry has no immediate plan for fund releases or commitment to bail them out during the coming month of April, Business Recorder has learnt.
Published 11 Mar, 2010 12:00am
Finance has no plan to bail out power and oil sectors

Finance has no plan to bail out power and oil sectors

Despite the fact that power and oil sectors are in critical situation due to circular debt, the Finance Ministry has no immediate plan for fund releases or commitment to bail them out during the coming month of April, Business Recorder has learnt.
Published 11 Mar, 2010 12:00am
ADB''s aide-memoir on power sector debts: MoF asked to be tough on banks

ADB''s aide-memoir on power sector debts: MoF asked to be tough on banks

Asian Development Bank (ADB) has advised the Finance Ministry not to bow down before "unreasonable terms by the banks just for the sake of speed," with reference to dealing with power sector debts, according to an aide-memoir, a copy of which is available
Published 11 Mar, 2010 12:00am
ADB's aide-memoir on power sector debts: MoF asked to be tough on banks

ADB's aide-memoir on power sector debts: MoF asked to be tough on banks

Asian Development Bank (ADB) has advised the Finance Ministry not to bow down before "unreasonable terms by the banks just for the sake of speed," with reference to dealing with power sector debts, according to an aide-memoir, a copy of which is available
Published 11 Mar, 2010 12:00am
ADB's aide-memoir on power sector debts: MoF asked to be tough on banks

ADB's aide-memoir on power sector debts: MoF asked to be tough on banks

Asian Development Bank (ADB) has advised the Finance Ministry not to bow down before "unreasonable terms by the banks just for the sake of speed," with reference to dealing with power sector debts, according to an aide-memoir, a copy of which is available
Published 11 Mar, 2010 12:00am
Cabinet approves replacement of CEOs of eight PSEs by June 30

Cabinet approves replacement of CEOs of eight PSEs by June 30

The Federal Cabinet on Wednesday gave approval for replacement of Chief Executive Officers (CEOs) of eight Pubic Sector Enterprises by June 30 as well as formation of independent and professional Board of Directors by April 30.
Published 11 Mar, 2010 12:00am
Cabinet approves replacement of CEOs of eight PSEs by June 30

Cabinet approves replacement of CEOs of eight PSEs by June 30

The Federal Cabinet on Wednesday gave approval for replacement of Chief Executive Officers (CEOs) of eight Pubic Sector Enterprises by June 30 as well as formation of independent and professional Board of Directors by April 30.
Published 11 Mar, 2010 12:00am
Cabinet approves replacement of CEOs of eight PSEs by June 30

Cabinet approves replacement of CEOs of eight PSEs by June 30

The Federal Cabinet on Wednesday gave approval for replacement of Chief Executive Officers (CEOs) of eight Pubic Sector Enterprises by June 30 as well as formation of independent and professional Board of Directors by April 30.
Published 11 Mar, 2010 12:00am
Prime Minister to visit finance ministry on March 13

Prime Minister to visit finance ministry on March 13

Prime Minister Yousaf Raza will visit Ministry of Finance on March 13 to have a detailed briefing on current economic situation. Sources said Prime Minister''s visit to the Ministry of Finance and briefing on the economic situation may be an indicator tha
Published 11 Mar, 2010 12:00am
Prime Minister to visit finance ministry on March 13

Prime Minister to visit finance ministry on March 13

Prime Minister Yousaf Raza will visit Ministry of Finance on March 13 to have a detailed briefing on current economic situation. Sources said Prime Minister's visit to the Ministry of Finance and briefing on the economic situation may be an indicator that
Published 11 Mar, 2010 12:00am
Prime Minister to visit finance ministry on March 13

Prime Minister to visit finance ministry on March 13

Prime Minister Yousaf Raza will visit Ministry of Finance on March 13 to have a detailed briefing on current economic situation. Sources said Prime Minister's visit to the Ministry of Finance and briefing on the economic situation may be an indicator that
Published 11 Mar, 2010 12:00am
BRIndex30 down 3.54 points

BRIndex30 down 3.54 points

On Wednesday, the BRIndex30 opened at 8,578.30 points and after remaining in positive for almost an hour, it fell and then largely remained in negative. It touched intraday high of 8,631.37 and low of 8,543.80 poinys and closed at 8,574.76 points showing
Published 11 Mar, 2010 12:00am
BRIndex30 down 3.54 points

BRIndex30 down 3.54 points

On Wednesday, the BRIndex30 opened at 8,578.30 points and after remaining in positive for almost an hour, it fell and then largely remained in negative. It touched intraday high of 8,631.37 and low of 8,543.80 poinys and closed at 8,574.76 points showing
Published 11 Mar, 2010 12:00am
Mixed trend on stock market

Mixed trend on stock market

After witnessing mixed trend, the KSE-100 index on Wednesday closed at 9,784.98 points level with a marginal loss of 2.05 points due to profit taking opted by investors. The market opened on a positive note and the index hit 9,842.72 points intra-day high
Published 11 Mar, 2010 12:00am
Mixed trend on stock market

Mixed trend on stock market

After witnessing mixed trend, the KSE-100 index on Wednesday closed at 9,784.98 points level with a marginal loss of 2.05 points due to profit taking opted by investors. The market opened on a positive note and the index hit 9,842.72 points intra-day high
Published 11 Mar, 2010 12:00am
Mixed trend on stock market

Mixed trend on stock market

After witnessing mixed trend, the KSE-100 index on Wednesday closed at 9,784.98 points level with a marginal loss of 2.05 points due to profit taking opted by investors. The market opened on a positive note and the index hit 9,842.72 points intra-day high
Published 11 Mar, 2010 12:00am
Government may relax quantitative restrictions on yarn export

Government may relax quantitative restrictions on yarn export

On the spinners'' threat to go on strike, the government may relax the quantitative restrictions on export of yarn, which was fixed and brought down to 35 million kg per month from 50 million kg. Informed sources revealed that the Textile Ministry is like
Published 11 Mar, 2010 12:00am
Government may relax quantitative restrictions on yarn export

Government may relax quantitative restrictions on yarn export

On the spinners' threat to go on strike, the government may relax the quantitative restrictions on export of yarn, which was fixed and brought down to 35 million kg per month from 50 million kg. Informed sources revealed that the Textile Ministry is likel
Published 11 Mar, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 10, 2010).

Published 11 Mar, 2010 12:00am
Government may relax quantitative restrictions on yarn export

Government may relax quantitative restrictions on yarn export

On the spinners' threat to go on strike, the government may relax the quantitative restrictions on export of yarn, which was fixed and brought down to 35 million kg per month from 50 million kg. Informed sources revealed that the Textile Ministry is likel
Published 11 Mar, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 10, 2010).
Published 11 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 Wednesday (March 10, 2010).

Published 11 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 Wednesday (March 10, 2010).

Published 11 Mar, 2010 12:00am
FBR determined to get cash registers installed at all retail outlets

FBR determined to get cash registers installed at all retail outlets

The Federal Board of Revenue (FBR) is fully determined to install electronic cash registers at retail/wholesale outlets under value added tax (VAT) regime, which would simplify the accounting procedure and keep an update on stock position in electronic fo
Published 11 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 Wednesday (March 10, 2010).

Published 11 Mar, 2010 12:00am
FBR determined to get cash registers installed at all retail outlets

FBR determined to get cash registers installed at all retail outlets

The Federal Board of Revenue (FBR) is fully determined to install electronic cash registers at retail/wholesale outlets under value added tax (VAT) regime, which would simplify the accounting procedure and keep an update on stock position in electronic fo
Published 11 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 Wednesday (March 10, 2010).

Published 11 Mar, 2010 12:00am
FBR determined to get cash registers installed at all retail outlets

FBR determined to get cash registers installed at all retail outlets

The Federal Board of Revenue (FBR) is fully determined to install electronic cash registers at retail/wholesale outlets under value added tax (VAT) regime, which would simplify the accounting procedure and keep an update on stock position in electronic fo
Published 11 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 11 Mar, 2010 12:00am
''Diplomatic bags'' cargo not to be cleared without FO certificate

''Diplomatic bags'' cargo not to be cleared without FO certificate

The Federal Board of Revenue (FBR) has directed the customs officials not to clear any consignment, even marked as ''diplomatic bags'', without exemption certificate of the ministry of foreign affairs. Sources told Business Recorder on Wednesday th
Published 11 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 11 Mar, 2010 12:00am
'Diplomatic bags' cargo not to be cleared without FO certificate

'Diplomatic bags' cargo not to be cleared without FO certificate

The Federal Board of Revenue (FBR) has directed the customs officials not to clear any consignment, even marked as 'diplomatic bags', without exemption certificate of the ministry of foreign affairs. Sources told Business Recorder on Wednesday that
Published 11 Mar, 2010 12:00am
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