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Nov 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-04-06
Index up 31.32 points

Index up 31.32 points

Positive trend was observed at Karachi share market on Monday on the back of foreign investors' support, as a result of which the KSE-100 index gained 31.32 points to close at 10,447.84 points level. The market opened on a positive note and the index hit
Published 06 Apr, 2010 12:00am
Low WHT collection: FBR not satisfied with LTUs, RTOs work

Low WHT collection: FBR not satisfied with LTUs, RTOs work

The Federal Board of Revenue (FBR) is not satisfied with the performance of the Chief Commissioners at Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) due to low collection of the defaulted amount from the withholding agents in 2009-10.
Published 06 Apr, 2010 12:00am
Low WHT collection: FBR not satisfied with LTUs, RTOs work

Low WHT collection: FBR not satisfied with LTUs, RTOs work

The Federal Board of Revenue (FBR) is not satisfied with the performance of the Chief Commissioners at Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) due to low collection of the defaulted amount from the withholding agents in 2009-10.
Published 06 Apr, 2010 12:00am
Low WHT collection: FBR not satisfied with LTUs, RTOs work

Low WHT collection: FBR not satisfied with LTUs, RTOs work

The Federal Board of Revenue (FBR) is not satisfied with the performance of the Chief Commissioners at Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) due to low collection of the defaulted amount from the withholding agents in 2009-10.
Published 06 Apr, 2010 12:00am
18th Amendment Bill to be approved today

18th Amendment Bill to be approved today

The Federal Cabinet will approve the 18th Constitutional Amendment Bill in its meeting scheduled today (Tuesday), sources told Business Recorder. The bill, which has been tabled in both the houses of the Parliament by Chairman Parliamentary Committ
Published 06 Apr, 2010 12:00am
18th Amendment Bill to be approved today

18th Amendment Bill to be approved today

The Federal Cabinet will approve the 18th Constitutional Amendment Bill in its meeting scheduled today (Tuesday), sources told Business Recorder. The bill, which has been tabled in both the houses of the Parliament by Chairman Parliamentary Committ
Published 06 Apr, 2010 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (April 05, 2010).
Published 06 Apr, 2010 12:00am
18th Amendment Bill to be approved today

18th Amendment Bill to be approved today

The Federal Cabinet will approve the 18th Constitutional Amendment Bill in its meeting scheduled today (Tuesday), sources told Business Recorder. The bill, which has been tabled in both the houses of the Parliament by Chairman Parliamentary Committ
Published 06 Apr, 2010 12:00am
Cabinet to clear SBP Amendment Bill today

Cabinet to clear SBP Amendment Bill today

The Cabinet, which is scheduled to meet on Tuesday, will clear the State Bank of Pakistan (SBP) Amendment Bill 2010, enhancing effectiveness of the central bank in monetary policy formulation, according to official documents obtained from Finance Ministry
Published 06 Apr, 2010 12:00am
Cabinet to clear SBP Amendment Bill today

Cabinet to clear SBP Amendment Bill today

The Cabinet, which is scheduled to meet on Tuesday, will clear the State Bank of Pakistan (SBP) Amendment Bill 2010, enhancing effectiveness of the central bank in monetary policy formulation, according to official documents obtained from Finance Ministry
Published 06 Apr, 2010 12:00am
Cabinet to clear SBP Amendment Bill today

Cabinet to clear SBP Amendment Bill today

The Cabinet, which is scheduled to meet on Tuesday, will clear the State Bank of Pakistan (SBP) Amendment Bill 2010, enhancing effectiveness of the central bank in monetary policy formulation, according to official documents obtained from Finance Ministry
Published 06 Apr, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (April 05, 2010).
Published 06 Apr, 2010 12:00am
Cabinet to clear SBP Amendment Bill today

Cabinet to clear SBP Amendment Bill today

The Cabinet, which is scheduled to meet on Tuesday, will clear the State Bank of Pakistan (SBP) Amendment Bill 2010, enhancing effectiveness of the central bank in monetary policy formulation, according to official documents obtained from Finance Ministry
Published 06 Apr, 2010 12:00am
Implementation of NRO verdict: Law Ministry submits compliance report

Implementation of NRO verdict: Law Ministry submits compliance report

The Ministry of Law and Justice on Monday submitted a compliance report regarding the implementation of Supreme Court judgement on the National Reconciliation Ordinance (NRO) to the Supreme Court office. The report was submitted by Secretary Law and Justi
Published 06 Apr, 2010 12:00am
Implementation of NRO verdict: Law Ministry submits compliance report

Implementation of NRO verdict: Law Ministry submits compliance report

The Ministry of Law and Justice on Monday submitted a compliance report regarding the implementation of Supreme Court judgement on the National Reconciliation Ordinance (NRO) to the Supreme Court office. The report was submitted by Secretary Law and Justi
Published 06 Apr, 2010 12:00am
EU condemns attacks

EU condemns attacks

The European Union's foreign affairs chief Monday condemned attacks in Pakistan which killed 46 people, including a strike against the US consulate in Peshawar, calling it a bid to undermine democracy. Catherine Ashton "condemns the attacks in Pakistan an
Published 06 Apr, 2010 12:00am
EU condemns attacks

EU condemns attacks

The European Union's foreign affairs chief Monday condemned attacks in Pakistan which killed 46 people, including a strike against the US consulate in Peshawar, calling it a bid to undermine democracy. Catherine Ashton "condemns the attacks in Pakistan an
Published 06 Apr, 2010 12:00am
Back-to-back blasts hit US consulate

Back-to-back blasts hit US consulate

Terrorists using a car bomb and firing weapons attacked the US consulate here on Monday hours after a suicide bomber struck a rally killing 46 people in Timergarah, officials said. Terrorists once gain unleashed terror by carrying back-to-back explosions
Published 06 Apr, 2010 12:00am
Back-to-back blasts hit US consulate

Back-to-back blasts hit US consulate

Terrorists using a car bomb and firing weapons attacked the US consulate here on Monday hours after a suicide bomber struck a rally killing 46 people in Timergarah, officials said. Terrorists once gain unleashed terror by carrying back-to-back explosions
Published 06 Apr, 2010 12:00am
Rs 300 billion ceiling proposed for PSDP in 2010-11 budget

Rs 300 billion ceiling proposed for PSDP in 2010-11 budget

The Finance Ministry has proposed a ceiling for development projects in all Ministries and Divisions in the budget for fiscal year 2010-11 within total outlay of Rs 300 billion Public Sector Development Programme (PSDP), Business Recorder has learn
Published 06 Apr, 2010 12:00am
OGDCL ordered to pay Rs 390 million royalty to Talal Bugti

OGDCL ordered to pay Rs 390 million royalty to Talal Bugti

Justice Asad Munir of Lahore High Court, Rawalpindi Bench Monday ordered the Oil and Gas Development Authority Limited (OGDCL) to pay Rs 390 million royalty of Auch Gas Field to Talal Bugti, the scion of late Nawab Akbar Bugti within a period of seven day
Published 06 Apr, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (April 05, 2010).
Published 06 Apr, 2010 12:00am
OGDCL ordered to pay Rs 390 million royalty to Talal Bugti

OGDCL ordered to pay Rs 390 million royalty to Talal Bugti

Justice Asad Munir of Lahore High Court, Rawalpindi Bench Monday ordered the Oil and Gas Development Authority Limited (OGDCL) to pay Rs 390 million royalty of Auch Gas Field to Talal Bugti, the scion of late Nawab Akbar Bugti within a period of seven day
Published 06 Apr, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (April 05, 2010).
Published 06 Apr, 2010 12:00am
OGDCL ordered to pay Rs 390 million royalty to Talal Bugti

OGDCL ordered to pay Rs 390 million royalty to Talal Bugti

Justice Asad Munir of Lahore High Court, Rawalpindi Bench Monday ordered the Oil and Gas Development Authority Limited (OGDCL) to pay Rs 390 million royalty of Auch Gas Field to Talal Bugti, the scion of late Nawab Akbar Bugti within a period of seven day
Published 06 Apr, 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 Monday (April 05, 2010).
Published 06 Apr, 2010 12:00am
TCP to accept only prequalified parties

TCP to accept only prequalified parties

The Trading Corporation of Pakistan (TCP) on Monday in principle, decided not to entertain bids offered/received from non-prequalified suppliers for all its future purchases aimed to make serious efforts for the commodity operation. TCP has also announced
Published 06 Apr, 2010 12:00am
TCP to accept only prequalified parties

TCP to accept only prequalified parties

The Trading Corporation of Pakistan (TCP) on Monday in principle, decided not to entertain bids offered/received from non-prequalified suppliers for all its future purchases aimed to make serious efforts for the commodity operation. TCP has also announced
Published 06 Apr, 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 Monday (April 05, 2010).
Published 06 Apr, 2010 12:00am
TCP to accept only prequalified parties

TCP to accept only prequalified parties

The Trading Corporation of Pakistan (TCP) on Monday in principle, decided not to entertain bids offered/received from non-prequalified suppliers for all its future purchases aimed to make serious efforts for the commodity operation. TCP has also announced
Published 06 Apr, 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 Monday (April 05, 2010).
Published 06 Apr, 2010 12:00am
Can Hafeez do better than Tarin?

Can Hafeez do better than Tarin?

A top financial daily has expressed doubts over whether Pakistan''s newly appointed Finance Adviser Dr Abdul Hafeez Sheikh can do better than his predecessor Shaukat Tarin in the economic governance of Pakistan. According to Financial Times, the failure t
Published 06 Apr, 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 Monday (April 05, 2010).
Published 06 Apr, 2010 12:00am
Can Hafeez do better than Tarin?

Can Hafeez do better than Tarin?

A top financial daily has expressed doubts over whether Pakistan's newly appointed Finance Adviser Dr Abdul Hafeez Sheikh can do better than his predecessor Shaukat Tarin in the economic governance of Pakistan. According to Financial Times, the failure to
Published 06 Apr, 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 06 Apr, 2010 12:00am
Can Hafeez do better than Tarin?

Can Hafeez do better than Tarin?

A top financial daily has expressed doubts over whether Pakistan's newly appointed Finance Adviser Dr Abdul Hafeez Sheikh can do better than his predecessor Shaukat Tarin in the economic governance of Pakistan. According to Financial Times, the failure to
Published 06 Apr, 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 06 Apr, 2010 12:00am
US proposes maximum fine against Toyota

US proposes maximum fine against Toyota

US regulators on Monday proposed fining Toyota Motor Corp the maximum penalty of $16.4 million, saying the company failed to notify the government in a timely way about accelerator pedal flaws that were the subject of a massive recall in January.
Published 06 Apr, 2010 12:00am
US proposes maximum fine against Toyota

US proposes maximum fine against Toyota

US regulators on Monday proposed fining Toyota Motor Corp the maximum penalty of $16.4 million, saying the company failed to notify the government in a timely way about accelerator pedal flaws that were the subject of a massive recall in January.
Published 06 Apr, 2010 12:00am
US proposes maximum fine against Toyota

US proposes maximum fine against Toyota

US regulators on Monday proposed fining Toyota Motor Corp the maximum penalty of $16.4 million, saying the company failed to notify the government in a timely way about accelerator pedal flaws that were the subject of a massive recall in January.
Published 06 Apr, 2010 12:00am
Shaheed Zulfiqar Ali Bhutto... a legendary politician

Shaheed Zulfiqar Ali Bhutto... a legendary politician

Pakistan's history is incomplete without discussing Zulfiqar Ali Bhutto who paid an important role in picking up the pieces in rebuilding Pakistan which the successive military junta dismembered in 1971. Simply, it was beyond the capability of the defeate
Published 06 Apr, 2010 12:00am
US warns Venezuela

US warns Venezuela

The United States on Monday questioned Venezuela's need to buy billions of dollars in weapons from Russia and voiced concern that the arms may wind up elsewhere in Latin America. Leftist firebrand President Hugo Chavez last week inked new deals with Russi
Published 06 Apr, 2010 12:00am
Message from Chief Minister Sindh

Message from Chief Minister Sindh

Shaheed Zulfiqar Ali Bhutto is a great leader not only of Muslim Ummah but a Legend politician of the world. He played an important role in the politics of Pakistan. There are numerous contributions of Shaheed Zulfiqar Ali Bhutto that I am unable to sum u
Published 06 Apr, 2010 12:00am
US warns Venezuela

US warns Venezuela

The United States on Monday questioned Venezuela's need to buy billions of dollars in weapons from Russia and voiced concern that the arms may wind up elsewhere in Latin America. Leftist firebrand President Hugo Chavez last week inked new deals with Russi
Published 06 Apr, 2010 12:00am
Message from Chairman Pakistan Peoples Party

Message from Chairman Pakistan Peoples Party

Thirty one years ago on this day Pakistan's first directly elected Prime Minister Quaid-i-Awam Shaheed Zulfikar Ali Bhutto was executed through a process that has been universally condemned as judicial murder, His detractors, fearing Shaheed Zulfikar Ali
Published 06 Apr, 2010 12:00am
Obama to unveil nuclear arms strategy on Tuesday

Obama to unveil nuclear arms strategy on Tuesday

President Barack Obama on Tuesday will unveil a retooled US nuclear strategy that he has signalled will call for reducing the size and role of the country's atomic weapons stockpile. Though there are questions whether Obama's changes will be far-reaching
Published 06 Apr, 2010 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

Today, we are solemnly observing the death anniversary of Quad-e-Awam Shaheed Zulfiqar Ali Bhutto who dedicated his life and comforts for the rights dan betterment of the common man. While addressing a gathering in Karachi on January 2, 1974, he said "Our
Published 06 Apr, 2010 12:00am
Obama to unveil nuclear arms strategy on Tuesday

Obama to unveil nuclear arms strategy on Tuesday

President Barack Obama on Tuesday will unveil a retooled US nuclear strategy that he has signalled will call for reducing the size and role of the country's atomic weapons stockpile. Though there are questions whether Obama's changes will be far-reaching
Published 06 Apr, 2010 12:00am
Message from President Islamic Republic of Pakistan

Message from President Islamic Republic of Pakistan

I am pleased to learn that Sindh Information Department is bringing out special supplements on the eve of thirty first martyrdom anniversary of Shaheed Zulfiqar Ali Bhutto today to highlight the glorious successes of our martyred leader in serving the cau
Published 06 Apr, 2010 12:00am
President hosts farewell dinner for Tarin

President hosts farewell dinner for Tarin

President Asif Ali Zardari has appreciated the hard work of former Finance Minister Shaukat Tarin and thanked him for his tireless efforts in bringing the economy of Pakistan back on track. The President expressed these views during a farewell dinner host
Published 06 Apr, 2010 12:00am
Bhutto's Legacy

Bhutto's Legacy

Economic Reforms Order Nationalization of Key Industries - January 3, 1972
Published 06 Apr, 2010 12:00am
President hosts farewell dinner for Tarin

President hosts farewell dinner for Tarin

President Asif Ali Zardari has appreciated the hard work of former Finance Minister Shaukat Tarin and thanked him for his tireless efforts in bringing the economy of Pakistan back on track. The President expressed these views during a farewell dinner host
Published 06 Apr, 2010 12:00am
Bhutto's mission must go on

Bhutto's mission must go on

It was the judicial murder most foul of one of the greatest statesmen of modern times. The general consensus among historians and students of politics ever since April 4, 1979 when the first elected Prime Minister of Pakistan Zulfikar Ali Bhutto was execu
Published 06 Apr, 2010 12:00am
Fuel prices can be slashed if government removes PL

Fuel prices can be slashed if government removes PL

Fuel prices can be slashed from Rs 3 to Rs 14 per litre, if government decides to remove Petroleum Levy (PL), Business Recorder has learnt. According to a notification issued by Oil and Gas Regulatory Authority (Ogra), government is charging Rs 10
Published 06 Apr, 2010 12:00am
Bhuttoism lives on

Bhuttoism lives on

"I am innocent" were the last words of Shaheed Zulfiqar Ali Bhutto who defied death and embraced martyrdom. He showed the world how a leader of the people lives and dies. Thirty one years ago he bravely left the world to enter the annals of history where
Published 06 Apr, 2010 12:00am
Fuel prices can be slashed if government removes PL

Fuel prices can be slashed if government removes PL

Fuel prices can be slashed from Rs 3 to Rs 14 per litre, if government decides to remove Petroleum Levy (PL), Business Recorder has learnt. According to a notification issued by Oil and Gas Regulatory Authority (Ogra), government is charging Rs 10
Published 06 Apr, 2010 12:00am
Message from Prime Minister Islamic Republic of Pakistan

Message from Prime Minister Islamic Republic of Pakistan

Today, we are solemnly observing the death anniversary of Quaid-e-Awam Shaheed Zulfikar Ali Bhutto who dedicated his life and comforts for the rights and betterment of the common man. While addressing a gathering in Karachi on January 2, 1974, he said "ou
Published 06 Apr, 2010 12:00am
Fuel prices can be slashed if government removes PL

Fuel prices can be slashed if government removes PL

Fuel prices can be slashed from Rs 3 to Rs 14 per litre, if government decides to remove Petroleum Levy (PL), Business Recorder has learnt. According to a notification issued by Oil and Gas Regulatory Authority (Ogra), government is charging Rs 10
Published 06 Apr, 2010 12:00am
Message from President Islamic Republic of Pakistan

Message from President Islamic Republic of Pakistan

The Quaid-i-Awam Shaheed Zulfikar Ali Bhutto awakened the people and led the collective national effort to give the country a unanimous Constitution that was federal, democratic and Parliamentary in character to keep the nation united. That constitution w
Published 06 Apr, 2010 12:00am
Supreme Court could order arrest of law minister: former AG

Supreme Court could order arrest of law minister: former AG

Talking with Talat Hussain in Aaj TV's programme Live with Talat, former Attorney General Anwar Mansoor Khan said the government had mishandled the NRO issue before the Supreme Court by not producing the relevant record before the court. Asked whet
Published 06 Apr, 2010 12:00am
HRW wheat bids hold steady

HRW wheat bids hold steady

Hard red winter wheat basis bids in the US Plains were steady on Monday in a mostly quiet market, merchants said. Protein premiums were steady except for a 3-cent/bu drop for 11.80- and 12.00-percent protein wheat supplies. Wheat offers plentiful but mill
Published 06 Apr, 2010 12:00am
Supreme Court could order arrest of law minister: former AG

Supreme Court could order arrest of law minister: former AG

Talking with Talat Hussain in Aaj TV's programme Live with Talat, former Attorney General Anwar Mansoor Khan said the government had mishandled the NRO issue before the Supreme Court by not producing the relevant record before the court. Asked whet
Published 06 Apr, 2010 12:00am
India's March oilmeal exports fall for fifth straight month

India's March oilmeal exports fall for fifth straight month

India's March oilmeal exports slumped 34 percent from a year earlier, falling for the fifth straight month, due to weak demand from Vietnam, Japan, South Korea, Indonesia, Thailand and China, a trade body said. However, traders expected a reversal in the
Published 06 Apr, 2010 12:00am
Argentina summons China ambassador in trade row

Argentina summons China ambassador in trade row

Argentina on Monday summoned the Chinese ambassador to complain about restrictions imposed by Beijing on Argentine soybean oil, officials said. Chinese Ambassador Zeng Gang was called to a meeting Monday with Foreign Minister Jorge Taiana for discussions
Published 06 Apr, 2010 12:00am
Oil cake market rates

Oil cake market rates

Easier trend was seen on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The May contract which ended at Rs 997.40 last week started the with a fall of 20 paisa at Rs 997.20, dealers said. The new July vaida that close
Published 06 Apr, 2010 12:00am
Incident underscores common challenge: US

Incident underscores common challenge: US

The United States condemned Monday an attack on its consulate in Peshawar and expressed "great concern" after militants targeted the building. "We strongly condemn the violence," said White House spokesman Robert Gibbs. "I am outraged and deeply saddened
Published 06 Apr, 2010 12:00am
Spot rate raised to Rs 4,550, lint prices up on cotton market

Spot rate raised to Rs 4,550, lint prices up on cotton market

Prices moved up with improved activity on the cotton market on Monday on expectations of arrival of remaining 5000 bales from current crop by the end of the session, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised by Rs 75
Published 06 Apr, 2010 12:00am
Incident underscores common challenge: US

Incident underscores common challenge: US

The United States condemned Monday an attack on its consulate in Peshawar and expressed "great concern" after militants targeted the building. "We strongly condemn the violence," said White House spokesman Robert Gibbs. "I am outraged and deeply saddened
Published 06 Apr, 2010 12:00am
Tea items higher on Jodia Bazar

Tea items higher on Jodia Bazar

The trading in tea items ended higher on Jodia Bazar here on Monday. The following changes were noted.
Published 06 Apr, 2010 12:00am
Taliban claim attack on US consulate

Taliban claim attack on US consulate

Taliban faction on Monday claimed responsibility for an attack on the US consulate in the city of Peshawar and threatened to carry out further assaults on Americans. "We accept the attacks on the American consulate. This is revenge for drone attacks," Teh
Published 06 Apr, 2010 12:00am
Barley, til rates sharply lower on grain market

Barley, til rates sharply lower on grain market

Thin trading was seen on the wholesale grain and oilseed market on Monday as balanced demand and supply prevented the buyers from indulging in panic buying, dealers said. On the cereals side barley Sindh and Mardan were down by Rs 100 to Rs 2000, other it
Published 06 Apr, 2010 12:00am
Taliban claim attack on US consulate

Taliban claim attack on US consulate

Taliban faction on Monday claimed responsibility for an attack on the US consulate in the city of Peshawar and threatened to carry out further assaults on Americans. "We accept the attacks on the American consulate. This is revenge for drone attacks," Teh
Published 06 Apr, 2010 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 253,547 tonnes of cargo including 166,252 tonnes of import cargo; 87,295 tonnes of export cargo and 4,670 loaded and empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 166,252 tonnes com
Published 06 Apr, 2010 12:00am
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