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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-04-10
Rehan Hassan Naqvi - A humanist par excellence

Rehan Hassan Naqvi - A humanist par excellence

Sadly, on March 20, 2010 we lost Rehan Hassan Naqvi, a humanist par excellence, brilliant intellectual and extraordinary legal mind - he was different from all other tax lawyers of his time. Not only are his contributions to the legal profession unmatched
Published 10 Apr, 2010 12:00am
BRIDGE NOTES: Not alone in defence

BRIDGE NOTES: Not alone in defence

Defence in bridge can be either a routine affair or a shrewdly inspirational one. Almost all bridge experts are however, unanimous in their verdict that defence in bridge is its most difficult facet and one, which either draws a high-lament of missed oppo
Published 10 Apr, 2010 12:00am
SPORTS WORLD: Unaccustomed exercises cause injuries to sportsmen

SPORTS WORLD: Unaccustomed exercises cause injuries to sportsmen

Injuries to sportsmen are caused by sudden and unaccustomed exercises and by training too hard. These injuries occur, of course, after a lapse of longer period. When the body was asked to do beyond its limitations. To prevent sportsmen from permanent or e
Published 10 Apr, 2010 12:00am
Banks/DFIs: SBP issues new instructions on reciprocal crossholdings

Banks/DFIs: SBP issues new instructions on reciprocal crossholdings

The State Bank of Pakistan has issued new instructions on reciprocal crossholdings of banks/development finance institutions (DFIs). The State Bank had issued instructions (Section 1.1) on Minimum Capital Requirement (MCR) vide its BSD Circular No 8 of Ju
Published 10 Apr, 2010 12:00am
TV THOUGHTS: Sania, Shoaib and exciting colourful images

TV THOUGHTS: Sania, Shoaib and exciting colourful images

There is not the slightest doubt that all the TV channels (PTV and private) had a higher profile of focus and political analysis on the 31st martyrdom anniversary of former prime minister Shaheed Zulfikar Ali Bhutto, this year.
Published 10 Apr, 2010 12:00am
Banks/DFIs: SBP issues new instructions on reciprocal crossholdings

Banks/DFIs: SBP issues new instructions on reciprocal crossholdings

The State Bank of Pakistan has issued new instructions on reciprocal crossholdings of banks/development finance institutions (DFIs). The State Bank had issued instructions (Section 1.1) on Minimum Capital Requirement (MCR) vide its BSD Circular No 8 of Ju
Published 10 Apr, 2010 12:00am
LAHORE CULTURAL DIARY: Showering colours of Pakistan

LAHORE CULTURAL DIARY: Showering colours of Pakistan

Shakir Ali Musesum is the venue of a unique exhibition of photographs titled 'barestay rung' (showering colours) depicting the socio-cultural and natural charm of Pakistan these days. Inaugurated by Dr Mubusher Hassan, an eminent scholar and former Financ
Published 10 Apr, 2010 12:00am
Banks/DFIs: SBP issues new instructions on reciprocal crossholdings

Banks/DFIs: SBP issues new instructions on reciprocal crossholdings

The State Bank of Pakistan has issued new instructions on reciprocal crossholdings of banks/development finance institutions (DFIs). The State Bank had issued instructions (Section 1.1) on Minimum Capital Requirement (MCR) vide its BSD Circular No 8 of Ju
Published 10 Apr, 2010 12:00am
ART FACTS: Romance in the air

ART FACTS: Romance in the air

It is a well known fact that miniature painting is a painstaking job it needs inexhaustible energy along with patience. Generally miniature deals with historical, legendary, fantasy and romantic themes for decades. Thus miniature paintings were the most a
Published 10 Apr, 2010 12:00am
IMF team visits Pakistan, board meeting delayed

IMF team visits Pakistan, board meeting delayed

An International Monetary Fund (IMF) team is in Pakistan for discussions with the Finance Ministry on tariffs and taxes amid signs Pakistan is dragging its feet over mandated reforms. A ministry official confirmed on Friday the IMF team's presence and sai
Published 10 Apr, 2010 12:00am
BRIndex30 up by 38.4 points

BRIndex30 up by 38.4 points

On Friday, BRIndex30 opened at 8,897.01 and remained positive for the whole market time. It touched an intraday high of 8,975.08 and an intraday low of 8,921.15 and closed at 8,935.41, which is 38.4 points or 0.43 percent higher than yesterday's close.
Published 10 Apr, 2010 12:00am
LITERARY NOTES: Conference on Sufism and Peace

LITERARY NOTES: Conference on Sufism and Peace

The three-day International Conference on Sufism and Peace has been successful in sending a strong signal to the world that Pakistani people were the legatees of a peace-loving tradition, as manifested by the teachings of the great mystic divines from Mor
Published 10 Apr, 2010 12:00am
BRIndex30 up by 38.4 points

BRIndex30 up by 38.4 points

On Friday, BRIndex30 opened at 8,897.01 and remained positive for the whole market time. It touched an intraday high of 8,975.08 and an intraday low of 8,921.15 and closed at 8,935.41, which is 38.4 points or 0.43 percent higher than yesterday's close.
Published 10 Apr, 2010 12:00am
Climate change and water scarcity

Climate change and water scarcity

The temperatures in Pakistan broke all records in March 2010 and it support the argument that climate is changing due to global warming. Pakistan faced with poor governance is equally facing reduced river flows on its allocated three western rivers due to
Published 10 Apr, 2010 12:00am
Index briefly crosses 10,600 points

Index briefly crosses 10,600 points

The KSE-100 index on Friday closed at the highest level after August 2008 at 10,586.46 points, gaining 52.89 points, on the back of foreign buying coupled with strong interest of local institutions mainly in oil, telecom and banking sector stocks. After o
Published 10 Apr, 2010 12:00am
KARACHI CHRONICLE: A boy possessed by a jinn

KARACHI CHRONICLE: A boy possessed by a jinn

His name is Javaize, age 14-years. His terrified family struggled for six months to save him. They begged with folded hands, they wept, they took Javaize to shrines, fed him holy ash and Zumzum water, but the jinn would not leave. Now it has been exorcise
Published 10 Apr, 2010 12:00am
Index briefly crosses 10,600 points

Index briefly crosses 10,600 points

The KSE-100 index on Friday closed at the highest level after August 2008 at 10,586.46 points, gaining 52.89 points, on the back of foreign buying coupled with strong interest of local institutions mainly in oil, telecom and banking sector stocks. After o
Published 10 Apr, 2010 12:00am
Supremacy of Parliament remains elusive

Supremacy of Parliament remains elusive

"When I use a word," said Humpty Dumpty, "it means just what I choose it to mean." "The question is," said Alice, "whether you can make words mean so many different things."
Published 10 Apr, 2010 12:00am
Index briefly crosses 10,600 points

Index briefly crosses 10,600 points

The KSE-100 index on Friday closed at the highest level after August 2008 at 10,586.46 points, gaining 52.89 points, on the back of foreign buying coupled with strong interest of local institutions mainly in oil, telecom and banking sector stocks. After o
Published 10 Apr, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 103,395 tonnes of cargo including 71,541 tonnes of import cargo; 31,854 tonnes of export cargo and 3,771 loaded and empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 71,541 tonnes compr
Published 10 Apr, 2010 12:00am
Items sold in packing: FBR may propose 5-6 percent VAT

Items sold in packing: FBR may propose 5-6 percent VAT

The Federal Board of Revenue may propose 5-6 percent Value Added Tax on the supply of consumer items, sold in packing, on which presently sales tax has been charged on the basis of printed retail price under the Federal VAT Act, 2010.
Published 10 Apr, 2010 12:00am
World Bank panel rejects plea against IRS

World Bank panel rejects plea against IRS

The World Bank (WB) Inspection Panel has turned down the request of Customs and Excise Group Association, saying that the proposal to create the Inland Revenue Service (IRS) was not a departure from the original project objectives of Tax Administration Re
Published 10 Apr, 2010 12:00am
World Bank panel rejects plea against IRS

World Bank panel rejects plea against IRS

The World Bank (WB) Inspection Panel has turned down the request of Customs and Excise Group Association, saying that the proposal to create the Inland Revenue Service (IRS) was not a departure from the original project objectives of Tax Administration Re
Published 10 Apr, 2010 12:00am
World Bank panel rejects plea against IRS

World Bank panel rejects plea against IRS

The World Bank (WB) Inspection Panel has turned down the request of Customs and Excise Group Association, saying that the proposal to create the Inland Revenue Service (IRS) was not a departure from the original project objectives of Tax Administration Re
Published 10 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 Friday (April 09, 2010).

Published 10 Apr, 2010 12:00am
World Bank panel rejects plea against IRS

World Bank panel rejects plea against IRS

The World Bank (WB) Inspection Panel has turned down the request of Customs and Excise Group Association, saying that the proposal to create the Inland Revenue Service (IRS) was not a departure from the original project objectives of Tax Administration Re
Published 10 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 Friday (April 09, 2010).

Published 10 Apr, 2010 12:00am
Items sold in packing: FBR may propose 5-6 percent VAT

Items sold in packing: FBR may propose 5-6 percent VAT

The Federal Board of Revenue may propose 5-6 percent Value Added Tax on the supply of consumer items, sold in packing, on which presently sales tax has been charged on the basis of printed retail price under the Federal VAT Act, 2010.
Published 10 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 Friday (April 09, 2010).

Published 10 Apr, 2010 12:00am
LPG deal upheld by PSO board

LPG deal upheld by PSO board

The board of management of the Pakistan State Oil (PSO) on Friday upheld the deal signed between the PSO and Petrosin for LPG supply to auto stations, Business Recorder has learnt reliably. Sources revealed that during the meeting of BoM held here
Published 10 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 10 Apr, 2010 12:00am
Items sold in packing: FBR may propose 5-6 percent VAT

Items sold in packing: FBR may propose 5-6 percent VAT

The Federal Board of Revenue may propose 5-6 percent Value Added Tax on the supply of consumer items, sold in packing, on which presently sales tax has been charged on the basis of printed retail price under the Federal VAT Act, 2010.
Published 10 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 10 Apr, 2010 12:00am
Access to energy projects: ADB may back Pakistan for Carec membership

Access to energy projects: ADB may back Pakistan for Carec membership

The Asian Development Bank (ADB) is expected to support Pakistan''s candidacy for full membership of Central Asia Regional Economic Co-operation (Carec) to facilitate access to energy projects from the energy surplus Carec countries, Business Recorder
Published 10 Apr, 2010 12:00am
Access to energy projects: ADB may back Pakistan for Carec membership

Access to energy projects: ADB may back Pakistan for Carec membership

The Asian Development Bank (ADB) is expected to support Pakistan's candidacy for full membership of Central Asia Regional Economic Co-operation (Carec) to facilitate access to energy projects from the energy surplus Carec countries, Business Recorder <
Published 10 Apr, 2010 12:00am
New York cotton

New York cotton

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

Published 10 Apr, 2010 12:00am
Access to energy projects: ADB may back Pakistan for Carec membership

Access to energy projects: ADB may back Pakistan for Carec membership

The Asian Development Bank (ADB) is expected to support Pakistan's candidacy for full membership of Central Asia Regional Economic Co-operation (Carec) to facilitate access to energy projects from the energy surplus Carec countries, Business Recorder <
Published 10 Apr, 2010 12:00am
New York cotton

New York cotton

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

Published 10 Apr, 2010 12:00am
Oil rises towards $86 in Asia

Oil rises towards $86 in Asia

Oil rebounded towards $86 on Friday after two days of declines, as positive US economic indicators and views that China may revalue its currency bolstered expectations for sustained energy demand growth. The dollar weakened more than 0.2 percent against a
Published 10 Apr, 2010 12:00am
Benazir murder probe: UN report on April 15

Benazir murder probe: UN report on April 15

The United Nations formally announced on Friday that the report on Mohtarma Benazir Bhutto's assassination will be presented to Secretary-General Ban Ki-moon on Thursday, April 15. The UN chief will share the report with the Pakistani government and submi
Published 10 Apr, 2010 12:00am
US rice creeps up

US rice creeps up

Rough rice futures on the Chicago Board of Trade settled higher on Thursday after a seesaw session, rallying toward the closing bell on ideas the US Department of Agriculture might lower its estimate of US rice stocks on Friday, traders said.
Published 10 Apr, 2010 12:00am
China, US clash over 2010 UN climate talks

China, US clash over 2010 UN climate talks

The United States and China clashed on Friday about how to revive climate talks in 2010, complicating the first UN session since the acrimonious Copenhagen summit fell short of agreeing a treaty. Many delegates at the 175-nation talks in Bonn from April 9
Published 10 Apr, 2010 12:00am
Tokyo rubber futures surge

Tokyo rubber futures surge

Tokyo rubber futures ended higher on Friday on the back of firm oil prices and tight supply on the physical market, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for September delivery rose 2.4 yen to settle at 324.6 yen ($3.
Published 10 Apr, 2010 12:00am
China, US clash over 2010 UN climate talks

China, US clash over 2010 UN climate talks

The United States and China clashed on Friday about how to revive climate talks in 2010, complicating the first UN session since the acrimonious Copenhagen summit fell short of agreeing a treaty. Many delegates at the 175-nation talks in Bonn from April 9
Published 10 Apr, 2010 12:00am
New York sugar futures drop

New York sugar futures drop

Raw sugar futures ended lower Thursday on late investor liquidation as the market crumbled in the face of a stronger dollar and weak outside markets, with more losses deemed likely for the sweetener, brokers said. The May raw sugar contract fell 0.24 cent
Published 10 Apr, 2010 12:00am
US faults independence of Afghan audit office

US faults independence of Afghan audit office

Afghanistan's lead audit body lacks the independence needed to track billions of dollars in public and foreign funds while President Hamid Karzai's office actively meddles, a US report said on Friday. The Obama administration sees pervasive corruption as
Published 10 Apr, 2010 12:00am
US soyabeans lower

US soyabeans lower

US soyabean futures on the Chicago Board of Trade closed lower on Thursday on profit-taking from Wednesday's corn-led rally coupled with reminders of a huge South American soya harvest, traders said. Weaker trend in crude oil added pressure. Trade expecti
Published 10 Apr, 2010 12:00am
US faults independence of Afghan audit office

US faults independence of Afghan audit office

Afghanistan's lead audit body lacks the independence needed to track billions of dollars in public and foreign funds while President Hamid Karzai's office actively meddles, a US report said on Friday. The Obama administration sees pervasive corruption as
Published 10 Apr, 2010 12:00am
Malaysian palm oil futures jump

Malaysian palm oil futures jump

Malaysia crude palm oil futures closed broadly higher on Friday ahead of a key industry report on Monday which traders said will likely show a drop in the country's palm oil inventory. At the close, the benchmark June contract jumped 3.8 percent to 2,594
Published 10 Apr, 2010 12:00am
Scientist deprived of mobile phone

Scientist deprived of mobile phone

A Pakistani nuclear scientist settled in Canada was deprived of a cell phone near zoo in the city. According to police, Muhammad Riaz Khan, a nuclear scientist in Canada was walking near the zoo when two armed motorcyclists snatched his cellular phone at
Published 10 Apr, 2010 12:00am
Shanghai copper climbs

Shanghai copper climbs

Shanghai copper rose more than 1 percent on Friday, snapping two days of declines, as bullish sentiment gained hold, underpinned by strong US retail sales data and talk that China may revalue its currency soon. Top US retail chains posted a record rise in
Published 10 Apr, 2010 12:00am
Scientist deprived of mobile phone

Scientist deprived of mobile phone

A Pakistani nuclear scientist settled in Canada was deprived of a cell phone near zoo in the city. According to police, Muhammad Riaz Khan, a nuclear scientist in Canada was walking near the zoo when two armed motorcyclists snatched his cellular phone at
Published 10 Apr, 2010 12:00am
US gold edges down

US gold edges down

US gold futures ended a hair lower in mixed trade on Thursday, retreating from the previous session's sharp gains as the market took a breather after rising for five consecutive days. COMEX June settles down 10 cents at $1,152.90 an ounce. Range $1,144.40
Published 10 Apr, 2010 12:00am
Gold prices rise in Asian trade

Gold prices rise in Asian trade

Gold climbed to its highest in almost three months in thin trade on Friday, while holdings in the SPDR Gold Trust struck a record on safe-haven buying prompted by volatile currencies and Greek debt woes. Spot gold hit an intraday high of $1,154.05 an ounc
Published 10 Apr, 2010 12:00am
New Zealand government to keep reins on new spending: finance minister

New Zealand government to keep reins on new spending: finance minister

The New Zealand government will keep the reins on new spending for a considerable time as it battles to control deficits and rising debt, the Finance Minister said on Friday. Earlier data from the Treasury showed a lower than expected government deficit f
Published 10 Apr, 2010 12:00am
Spain to present initial labour proposal next week

Spain to present initial labour proposal next week

Spain's Socialist government will next week present a series of proposals to reform the labour market, sources close to labour talks say, part of an essential overhaul to get its sagging economy into shape.
Published 10 Apr, 2010 12:00am
UK's ambassador to Washington in 1970s has died

UK's ambassador to Washington in 1970s has died

Peter Rams-botham, who served as Britain's ambassador to Washington during the Watergate era, died Friday, his wife said. He was 90. Zaida Ramsbotham said her husband died of pneumonia at their family home in the village of Ovington in southern England. S
Published 10 Apr, 2010 12:00am
Airbus first quarter sales outpace same period last year

Airbus first quarter sales outpace same period last year

Airbus sold 60 aircraft and delivered 122 in the first quarter, the European planemaker said on Thursday, outpacing the first three months of last year amid signs airlines are starting to emerge from the financial crisis. None of Airbus' customers cancell
Published 10 Apr, 2010 12:00am
Row between exporters, PSAA-PIFF intensifies

Row between exporters, PSAA-PIFF intensifies

The dispute over the ''change of title'' in the Bill of Lading (BoL) has hit a deadlock and the ball is now in the court of Ministry of Commerce (MoC) and the State Bank of Pakistan (SBP) as several rounds of ''sustained dialogues'' between exporters and
Published 10 Apr, 2010 12:00am
Morocco's grains harvest to fall on bad weather

Morocco's grains harvest to fall on bad weather

Dry weather and then flooding will slash Morocco's cereals crop to 6-7 million tonnes this year from last season's record 10.2 million tonnes, its main grains group chief told Reuters. As a result, Morocco would need to import 4-4.5 million tonnes of soft
Published 10 Apr, 2010 12:00am
LPG deal upheld by PSO board

LPG deal upheld by PSO board

The board of management of the Pakistan State Oil (PSO) on Friday upheld the deal signed between the PSO and Petrosin for LPG supply to auto stations, Business Recorder has learnt reliably. Sources revealed that during the meeting of BoM held here
Published 10 Apr, 2010 12:00am
US wheat futures lower

US wheat futures lower

US wheat futures on the Chicago Board of Trade declined on Thursday in a profit-taking setback after Wednesday's corn-led rally, traders said. Additional pressure from ongoing concerns about burdensome US and global wheat supplies. CBOT May wheat fell 6 c
Published 10 Apr, 2010 12:00am
LPG deal upheld by PSO board

LPG deal upheld by PSO board

The board of management of the Pakistan State Oil (PSO) on Friday upheld the deal signed between the PSO and Petrosin for LPG supply to auto stations, Business Recorder has learnt reliably. Sources revealed that during the meeting of BoM held here
Published 10 Apr, 2010 12:00am
China to sell corn reserves to cool down prices

China to sell corn reserves to cool down prices

China will release a total of 1.08 million tonnes of corn from state reserves on April 13 in an effort to cool rising domestic prices, which have risen high enough to attract imports. The large state sales are likely to dent domestic prices and discourage
Published 10 Apr, 2010 12:00am
MoF releases Rs 10 billion subsidy to TCP

MoF releases Rs 10 billion subsidy to TCP

The Ministry of Finance (MoF) has released Rs 10 billion of commodity subsidy to the Trading Corporation of Pakistan (TCP) enabling it to open letters of credit (LCs) for import of sugar. TCP was seeking immediate release of withheld payments from Ministr
Published 10 Apr, 2010 12:00am
Canadian canola futures close lower

Canadian canola futures close lower

ICE Canadian canola futures closed lower on Thursday as farmers stepped up selling, triggering commercial hedge pressure, traders said. Weaker US soya and crude oil futures, along with the stronger Canadian dollar, also added pressure. Some short-covering
Published 10 Apr, 2010 12:00am
MoF releases Rs 10 billion subsidy to TCP

MoF releases Rs 10 billion subsidy to TCP

The Ministry of Finance (MoF) has released Rs 10 billion of commodity subsidy to the Trading Corporation of Pakistan (TCP) enabling it to open letters of credit (LCs) for import of sugar. TCP was seeking immediate release of withheld payments from Ministr
Published 10 Apr, 2010 12:00am
India's March edible oil imports seen up

India's March edible oil imports seen up

India's edible oil imports in March likely rose 9.7 percent from a year ago, the first increase in three months as low taxes and a stronger rupee against the dollar made purchases more profitable, a Reuters survey showed. Importers were encouraged by a st
Published 10 Apr, 2010 12:00am
MoF releases Rs 10 billion subsidy to TCP

MoF releases Rs 10 billion subsidy to TCP

The Ministry of Finance (MoF) has released Rs 10 billion of commodity subsidy to the Trading Corporation of Pakistan (TCP) enabling it to open letters of credit (LCs) for import of sugar. TCP was seeking immediate release of withheld payments from Ministr
Published 10 Apr, 2010 12:00am
Vietnam to start stockpiling of coffee from April 15

Vietnam to start stockpiling of coffee from April 15

Vietnam, the world's largest robusta coffee producer, has finalised a plan to stockpile 200,000 tonnes of coffee for six months, with purchasing to start on April 15, a major exporter said on Friday. "Coffee companies will buy beans at a price of 25 milli
Published 10 Apr, 2010 12:00am
UK's ambassador to Washington in 1970s has died

UK's ambassador to Washington in 1970s has died

Peter Rams-botham, who served as Britain's ambassador to Washington during the Watergate era, died Friday, his wife said. He was 90. Zaida Ramsbotham said her husband died of pneumonia at their family home in the village of Ovington in southern England. S
Published 10 Apr, 2010 12:00am
Thailand buys US wheat; Indonesia eyes corn

Thailand buys US wheat; Indonesia eyes corn

Thailand bought around 45,000 tonnes of US wheat for May/June shipment, while Indonesia is looking to import some 100,000 tonnes of corn from the United States and South America. Thailand purchased dark northern spring at around $315 a tonne, including co
Published 10 Apr, 2010 12:00am
Row between exporters, PSAA-PIFF intensifies

Row between exporters, PSAA-PIFF intensifies

The dispute over the 'change of title' in the Bill of Lading (BoL) has hit a deadlock and the ball is now in the court of Ministry of Commerce (MoC) and the State Bank of Pakistan (SBP) as several rounds of 'sustained dialogues' between exporters and inte
Published 10 Apr, 2010 12:00am
Prices may turn sharply up on cotton market

Prices may turn sharply up on cotton market

Prices may turn sharply higher on the cotton market on Friday on uncertainties about the supply, dealers said. The Karachi Cotton Association (KCA) official spot rate was inert at Rs 5,625, they said. In the ready business more than 3,000 bales of cotton
Published 10 Apr, 2010 12:00am
Row between exporters, PSAA-PIFF intensifies

Row between exporters, PSAA-PIFF intensifies

The dispute over the 'change of title' in the Bill of Lading (BoL) has hit a deadlock and the ball is now in the court of Ministry of Commerce (MoC) and the State Bank of Pakistan (SBP) as several rounds of 'sustained dialogues' between exporters and inte
Published 10 Apr, 2010 12:00am
No deal seen on grain market

No deal seen on grain market

Leading participants were busy in preparation for the Juma prayers, so not a single deal was finalised on the wholesale grain and oilseed market on Friday.
Published 10 Apr, 2010 12:00am
Jute goods up on Jodia Bazar

Jute goods up on Jodia Bazar

The trading in jute goods twine closed higher on Jodia Bazar here on Friday. The following variations were noted.
Published 10 Apr, 2010 12:00am
US copper falls

US copper falls

US copper futures extended declines into a third straight day on Thursday, as fresh anxiety over the fiscal stability of Greece weighed on sentiment, but a late rebound in equities helped the metal recover a portion of its earlier losses. Copper for May d
Published 10 Apr, 2010 12:00am
Benazir murder probe: UN report on April 15

Benazir murder probe: UN report on April 15

The United Nations formally announced on Friday that the report on Mohtarma Benazir Bhutto's assassination will be presented to Secretary-General Ban Ki-moon on Thursday, April 15. The UN chief will share the report with the Pakistani government and submi
Published 10 Apr, 2010 12:00am
Six major powers agree to further Iran sanctions talks

Six major powers agree to further Iran sanctions talks

Six major powers meeting here Thursday agreed to further talks on new UN sanctions against Iran in the days ahead as the US and Russian leaders warned Tehran that its continued nuclear defiance would not be tolerated.
Published 10 Apr, 2010 12:00am
Amendment to blasphemy laws demanded

Amendment to blasphemy laws demanded

Legal Reforms, a lawyers' body has demanded government to amend blasphemy laws. In a statement issued here, Chairman Mirza Akhtar Baig and general secretary Mian Bashir Saif advocates, in their statement issued here said that the law is being misused to b
Published 10 Apr, 2010 12:00am
Parekh hails FTO's directions

Parekh hails FTO's directions

Commenting on the Federal Tax Ombudsman verdict in the matter of M/s. Sultex Industries published in Business Recorder, Saleem Parekh, Chairman Site Association of Industry has appreciated the directions of the FTO and stated that business communit
Published 10 Apr, 2010 12:00am
Footwear exposition to open on May 1

Footwear exposition to open on May 1

First ever footwear exhibition will be organised in the city from May 1 to 3, 2010 at Karachi Expo Centre. Governor Sindh Dr Ishrat-ul-Ibad Khan is likely to inaugurate the exhibition. Besides different varieties of footwear, the organisers said that many
Published 10 Apr, 2010 12:00am
Construction of floodwalls, uplift schemes in Orakzai completed

Construction of floodwalls, uplift schemes in Orakzai completed

In order to safeguard people from floods and provide them clean drinking water, government has completed the construction of three flood protection walls, and clean drinking water supply and streets pavement schemes in Orakzai Agency. It is expected that
Published 10 Apr, 2010 12:00am
20 businesswomen complete US-sponsored training

20 businesswomen complete US-sponsored training

In a ceremony held on Thursday the United States recognised 20 Pakistani businesswomen who recently completed a two-day US-sponsored training on the processes and benefits of formal exports. The event also honoured supportive family members for the import
Published 10 Apr, 2010 12:00am
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