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Print - 2010-03-12
Pak-French relations to be strengthened, says Naek

Pak-French relations to be strengthened, says Naek

Chairman Senate Farooq H. Naek has said Pakistan and France have traditionally enjoyed close friendly relations, which would be strengthened further in days to come. He was talking to the French Ambassador in Pakistan Daniel Jouanneau who called on him at
Published 12 Mar, 2010 12:00am
Fourth International LPG conference, Expo on March 25

Fourth International LPG conference, Expo on March 25

The Forth International LPG conference and exhibition "LPG Exp Con 2010" will be held here in federal capital on March 25, 2010, at a local hotel. The event is being organised jointly by LPG Association of Pakistan (LPGAP), Publicity Channel and Energy Up
Published 12 Mar, 2010 12:00am
Two held with ammunition at airport

Two held with ammunition at airport

Airport Security Force on Thursday foiled two bids of ammunition smuggling to Jeddah and Malaysia during checking of the luggage of two passengers, sources said. The ASF recovered one live round of 9mm concealed in sweets, in the luggage of Abdul Razzaq w
Published 12 Mar, 2010 12:00am
DPS girl students visit SHC

DPS girl students visit SHC

The students of Dawood Public School (DPS) have visited the Sindh High Court (SHC) as the part of their study tours initiative. A team, which was provided by the Registrar (SHC) guided the 8th class girl students during the visit of court.
Published 12 Mar, 2010 12:00am
CFOs conference held

CFOs conference held

The Institute of Chartered Accountants of Pakistan in collaboration with Terra Biz conducted the CFO Conference 2010, on Thursday at a local hotel. Dr Ishrat Hussain, Dean and Director, IBA and former Governor, SBP was the chief guest of the event.
Published 12 Mar, 2010 12:00am
Maulana Ghafoor injured, son killed

Maulana Ghafoor injured, son killed

The son of Maulana Abdul Ghafoor Nadeem, the central leader of the banned outfit Sipah-e-Sahaba was killed and four others sustained bullet injuries when armed motorcyclists ambushed them near Nazimabad No 7 on Thursday afternoon, police and witnesses sai
Published 12 Mar, 2010 12:00am
Rift between textile ministry, spinners widening

Rift between textile ministry, spinners widening

Rift between spinners and the textile ministry is escalating with each passing day, as both sides are moving opposite direction on important issues. It may be noted that the spinners are openly commenting that they are disassociating them from the textile
Published 12 Mar, 2010 12:00am
Orient Advertising wins highest number of APNS Awards

Orient Advertising wins highest number of APNS Awards

Orient Advertising has crossed another milestone by winning the highest number of APNS Business Awards for the 19th consecutive time. An achievement unsurpassed in the history of Pakistan's advertising industry. From the day the APNS awards were created,
Published 12 Mar, 2010 12:00am
'Competition law implementation mandatory for economic growth'

'Competition law implementation mandatory for economic growth'

The Chairman Competition Commission of Pakistan (CCP), Khalid Mirza has said that the implementation of competition law in letter and spirit is necessary for the economic growth in the country. He was speaking at a seminar on "Benefits of competition poli
Published 12 Mar, 2010 12:00am
SCB's Wholesale Banking wins international awards in 2009

SCB's Wholesale Banking wins international awards in 2009

Standard Chartered Bank (SCB), Wholesale Banking received wide-scale international recognition for its outstanding performance in Pakistan in 2009. The Wholesale Banking business of the Bank won three prestigious awards by numerous international financial
Published 12 Mar, 2010 12:00am
Ministries fail to unravel yarn export tangle

Ministries fail to unravel yarn export tangle

Textile and commerce ministries have failed to resolve cotton yarn export dispute between value-added textile sector and spinners, as both the parties have now taken the case to court.
Published 12 Mar, 2010 12:00am
Sindh judges' pay should be equivalent to Punjab: CJP

Sindh judges' pay should be equivalent to Punjab: CJP

Chief Justice of Pakistan, Justice Iftikhar Muhammad Chaudhry on Thursday said that all decisions will be made in accordance with the Constitution. The Chief Justice of Pakistan was addressing as chief guest at the oath-taking ceremony of newly elected of
Published 12 Mar, 2010 12:00am
NAB official summoned on removal issue, Supreme Court told

NAB official summoned on removal issue, Supreme Court told

The National Accountability Bureau (NAB) on Thursday submitted a report with the Supreme Court, saying that a committee headed by the Attorney General for Pakistan has summoned its Prosecutor General Dr Danishwar Malik for March 18 over his removal issue.
Published 12 Mar, 2010 12:00am
'13 new jails to be built in Punjab'

'13 new jails to be built in Punjab'

Provincial Minister for Prison and Industry Chaudhry Abdul Ghafoor has said that 13 new jails are under construction in the province at a cost of Rs 9 billion and on completion, additional accommodation for 10192 prisoners will be added. Talking to a dele
Published 12 Mar, 2010 12:00am
Shahbaz inaugurates Horse, Tattoo Show

Shahbaz inaugurates Horse, Tattoo Show

Punjab Chief Minister, Muhammad Shahbaz Sharif inaugurated Horse and Tattoo Show at Lahore Race Club on Thursday. Balloons were released at the inaugural ceremony while Army and Police bands presented tunes of national songs. Students presented Kalam-e-Iq
Published 12 Mar, 2010 12:00am
PIA seeks equity injection

PIA seeks equity injection

The cash-starved national flag carrier Pakistan International Airlines (PIA), struggling for keeping its wheels moving, on Thursday asked the government for equity injection to bring the airline back in the black. According to suggestions submitted by the
Published 12 Mar, 2010 12:00am
Transfer and posting in FBR

Transfer and posting in FBR

The Federal Board of Revenue (FBR) has transferred and posted Sheraz Mirza, Income Tax Group (BS-19) with immediate effect. According to a notification issued here on Thursday, Sheraz Mirza, BS-19 officer of Income Tax Group, Commissioner Inland Revenue (
Published 12 Mar, 2010 12:00am
Prime Minister rejects notion of 'political bribe' to judges

Prime Minister rejects notion of 'political bribe' to judges

Prime Minister Syed Yousuf Raza Gilani on Thursday dispelled the impression that raise in superior judiciary allowances was a 'political bribe' to judges, saying that the decision was taken to correct anomalies in pay and privileges of the judges of Supre
Published 12 Mar, 2010 12:00am
President asks Sindh government to prepare plan for jail reforms

President asks Sindh government to prepare plan for jail reforms

President Asif Ali Zardari on Thursday advised the government to prepare a comprehensive plan for jail reforms in the light of reports of parliamentary committees and national and international human rights bodies from time-to-time.
Published 12 Mar, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (March 11, 2010).

Published 12 Mar, 2010 12:00am
PTA awards gold medals, cash prizes to 12 students

PTA awards gold medals, cash prizes to 12 students

Pakistan Telecommunication Authority (PTA) on Thursday awarded 12 students of reputed educational institutions gold medals and cash prizes for research in IT and telecom sector during 2009. Secretary Cabinet Division, Abdul Rauf Chaudhry being chief guest
Published 12 Mar, 2010 12:00am
Modi to be quizzed over Gujarat's riots

Modi to be quizzed over Gujarat's riots

A team probing the anti-Muslim riots in Gujarat, western India, in 2002 has summoned the state's Hindu nationalist chief minister for questioning, an investigator said Thursday. This is the first time that Narendra Modi, long accused by human rights group
Published 12 Mar, 2010 12:00am
Modi to be quizzed over Gujarat's riots

Modi to be quizzed over Gujarat's riots

A team probing the anti-Muslim riots in Gujarat, western India, in 2002 has summoned the state's Hindu nationalist chief minister for questioning, an investigator said Thursday. This is the first time that Narendra Modi, long accused by human rights group
Published 12 Mar, 2010 12:00am
Saudis appealed by Gates to back sanctions on Iran

Saudis appealed by Gates to back sanctions on Iran

Defence Secretary Robert Gates on Wednesday appealed to Saudi leaders to back a US-led drive for tough sanctions against Iran in a visit to Riyadh and came away "hopeful," his press secretary said. Ons on Iran over its nuclear programme, seeking help from
Published 12 Mar, 2010 12:00am
'India's KHP a threat to Neelum-Jhelum Hydro project'

'India's KHP a threat to Neelum-Jhelum Hydro project'

Pakistan Water Front Convenor Shahzad Ali Malik has said the Kishenganga Hydroelectric Project (KHP) initiated by India poses a threat to the Neelum-Jhelum Hydro Project because India has planned to divert the River Jhelum water through Wullar Barrage. In
Published 12 Mar, 2010 12:00am
Sarkozy calls for UN reform, blasts Copenhagen summit

Sarkozy calls for UN reform, blasts Copenhagen summit

French President Nicolas Sarkozy on Thursday demanded reforms of the United Nations and urged negotiations under a small group of countries to accelerate efforts to fight climate change. Sarkozy, opening a one-day conference on deforestation, stood by the
Published 12 Mar, 2010 12:00am
Sri Lanka's former army chief charged for politics in uniform

Sri Lanka's former army chief charged for politics in uniform

Sri Lanka's military on Thursday announced court martial proceedings against its former chief Sarath Fonseka for engaging in politics while in uniform and violating military procurement laws. Army spokesman Prasad Samarasinghe made no mention of the more
Published 12 Mar, 2010 12:00am
Sri Lanka's former army chief charged for politics in uniform

Sri Lanka's former army chief charged for politics in uniform

Sri Lanka's military on Thursday announced court martial proceedings against its former chief Sarath Fonseka for engaging in politics while in uniform and violating military procurement laws. Army spokesman Prasad Samarasinghe made no mention of the more
Published 12 Mar, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 11, 2010).

Published 12 Mar, 2010 12:00am
Bullish sentiments dominate on LSE

Bullish sentiments dominate on LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday where the equities registered gains amid ascending trading turnover on account of fresh buying in the selective shares. The LSE-25 index was slide up to 3120.79 against 3081.63 of
Published 12 Mar, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 11, 2010).
Published 12 Mar, 2010 12:00am
Bullish sentiments dominate on LSE

Bullish sentiments dominate on LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday where the equities registered gains amid ascending trading turnover on account of fresh buying in the selective shares. The LSE-25 index was slide up to 3120.79 against 3081.63 of
Published 12 Mar, 2010 12:00am
BRIndex30 up by 83.58 points

BRIndex30 up by 83.58 points

On Thursday, BRIndex30 opened at 8,574.76 and remained positive for whole market time. It touched an intraday high of 8,690.94 and an intraday low of 8,574.76 and closed at 8,658.34, which is 83.58 points or 0.97 percent higher then yesterday's close. Tot
Published 12 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 Thursday (March 11, 2010).

Published 12 Mar, 2010 12:00am
BRIndex30 up by 83.58 points

BRIndex30 up by 83.58 points

On Thursday, BRIndex30 opened at 8,574.76 and remained positive for whole market time. It touched an intraday high of 8,690.94 and an intraday low of 8,574.76 and closed at 8,658.34, which is 83.58 points or 0.97 percent higher then yesterday's close. Tot
Published 12 Mar, 2010 12:00am
KSE turns bullish

KSE turns bullish

Bullish trend was witnessed at the Karachi share market on Thursday on the back of strong interest of foreign investors. The KSE-100 index surged by 94.72 points to close at 9,879.70 points level. The market opened on a strong positive note and the index
Published 12 Mar, 2010 12:00am
KSE turns bullish

KSE turns bullish

Bullish trend was witnessed at the Karachi share market on Thursday on the back of strong interest of foreign investors. The KSE-100 index surged by 94.72 points to close at 9,879.70 points level. The market opened on a strong positive note and the index
Published 12 Mar, 2010 12:00am
KSE turns bullish

KSE turns bullish

Bullish trend was witnessed at the Karachi share market on Thursday on the back of strong interest of foreign investors. The KSE-100 index surged by 94.72 points to close at 9,879.70 points level. The market opened on a strong positive note and the index
Published 12 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 Thursday (March 11, 2010).

Published 12 Mar, 2010 12:00am
Seven killed in Peshawar explosion

Seven killed in Peshawar explosion

At least seven people including three suspected bombers were killed and over 20 sustained injuries in a remote-controlled bomb explosion near Bara Qadeem check-post on Bara Road linking tribal area with the provincial metropolis on Thursday. The bomb went
Published 12 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 Thursday (March 11, 2010).

Published 12 Mar, 2010 12:00am
Seven killed in Peshawar explosion

Seven killed in Peshawar explosion

At least seven people including three suspected bombers were killed and over 20 sustained injuries in a remote-controlled bomb explosion near Bara Qadeem check-post on Bara Road linking tribal area with the provincial metropolis on Thursday. The bomb went
Published 12 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 Thursday (March 11, 2010).

Published 12 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 12 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 12 Mar, 2010 12:00am
New York cotton

New York cotton

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

Published 12 Mar, 2010 12:00am
New York cotton

New York cotton

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

Published 12 Mar, 2010 12:00am
Pakistan and India: Jaswant for demolishing 'Berlin wall'

Pakistan and India: Jaswant for demolishing 'Berlin wall'

Former Indian Foreign Minister Jaswant Singh has stressed on the continuation of Indo-Pak dialogues and people to people contact to foster better and friendly relations between the two nuclear armed rivals. He was speaking at a leading British think tank,
Published 12 Mar, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 142,502 tonnes of cargo including 118,201 tonnes of import cargo; 24,301 tonnes of export cargo and 2,896 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 118,201 tonnes c
Published 12 Mar, 2010 12:00am
Karzai says misconception between Pakistan and Afghanistan dying rapidly

Karzai says misconception between Pakistan and Afghanistan dying rapidly

Afghan President Hamid Karzai has said that misconception between Pakistan and Afghanistan is dying rapidly, leading to a brighter future which would contribute to socio-economic development of the region. He stated this while speaking during a meeting of
Published 12 Mar, 2010 12:00am
Canadian canola futures lower

Canadian canola futures lower

ICE Canadian canola futures slipped lower from earlier gains on Wednesday as it appeared that pressure was likely to spill over from US markets after a bearish US Department of Agriculture crop report, traders said. Most-active May canola moved to slightl
Published 12 Mar, 2010 12:00am
KCBT wheat futures lower

KCBT wheat futures lower

Hard red winter wheat futures on the Kansas City Board of Trade closed lower on Wednesday, pressured by higher-than-expected government ending stocks estimates. The KCBT May contract closed down 6-1/2 cents at $4.91 after sliding as low as $4.89-3/4, its
Published 12 Mar, 2010 12:00am