News Archives for Print - 2010-04-10

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Friday (April 09, 2010).

Published 10 Apr, 2010 12:00am

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

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (April 09, 2010).

Published 10 Apr, 2010 12:00am

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

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (April 09, 2010).

Published 10 Apr, 2010 12:00am

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

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

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, 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

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 issued by the Treasury Management Division of National Bank of Pakistan on Friday (April 09, 2010).

Published 10 Apr, 2010 12:00am

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

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

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

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

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

Karachi interbank rates

Karachi interbank rates on Friday (April 09, 2010).

Published 10 Apr, 2010 12:00am

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

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

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

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

Published 10 Apr, 2010 12:00am

''Judicious utilisation'' of assistance: US to put in place audit mechanism

The US said on Friday that it would put in place an audit mechanism for judicious utilisation of all the assistance to Pakistan including the energy sector, pledging to expedite early release of amount appropriated for 2009 fiscal.
Published 10 Apr, 2010 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 10 Apr, 2010 12:00am

'Judicious utilisation' of assistance: US to put in place audit mechanism

The US said on Friday that it would put in place an audit mechanism for judicious utilisation of all the assistance to Pakistan including the energy sector, pledging to expedite early release of amount appropriated for 2009 fiscal.
Published 10 Apr, 2010 12:00am

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

'Judicious utilisation' of assistance: US to put in place audit mechanism

The US said on Friday that it would put in place an audit mechanism for judicious utilisation of all the assistance to Pakistan including the energy sector, pledging to expedite early release of amount appropriated for 2009 fiscal.
Published 10 Apr, 2010 12:00am

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

"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

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

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

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

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

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 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

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 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

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

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

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 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

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, 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

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

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

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 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

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

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

18th amendment bill passage: Gilani hopes Senate will follow National Assembly

PM Syed Yousuf Raza Gilani on Friday said the consensus on the 18th amendment was the dividend of the policy of reconciliation of the government. "I pay tribute to the people of Pakistan, the members of the parliament and the parliamentary committee for a
Published 10 Apr, 2010 12:00am

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

18th Amendment Bill passage celebration: Zardari awards special remission to prisoners

To celebrate the passage of the 18th Constitutional Amendment Bill in the National Assembly President Asif Ali Zardari on Friday awarded special remission to all prisoners, by remitting one fourth of their total sentences.
Published 10 Apr, 2010 12:00am

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

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

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

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

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

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 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

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

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

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 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

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

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

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

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

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 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

Locally produced goods: free trade zone facilities to be offered, says Zardari

President Asif Ali Zardari on Friday said Pakistan would offer free trade zone facilities for locally produced goods for export to the regional markets and a one-window facility for the investors in Pakistan.
Published 10 Apr, 2010 12:00am

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

Locally produced goods: free trade zone facilities to be offered, says Zardari

President Asif Ali Zardari on Friday said Pakistan would offer free trade zone facilities for locally produced goods for export to the regional markets and a one-window facility for the investors in Pakistan.
Published 10 Apr, 2010 12:00am

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

Locally produced goods: free trade zone facilities to be offered, says Zardari

President Asif Ali Zardari on Friday said Pakistan would offer free trade zone facilities for locally produced goods for export to the regional markets and a one-window facility for the investors in Pakistan.
Published 10 Apr, 2010 12:00am

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

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 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

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

Canada's jobs growth weaker than expected

Fewer Canadians returned to work in March than expected, and the jobless rate remained at 8.2 percent, according to Statistics Canada on Friday, easing pressure on the Bank of Canada to raise interest rates. In the first disappointing employment report si
Published 10 Apr, 2010 12:00am

Risk Management System: non-risky taxpayers to be paid ST refund

The Federal Board of Revenue (FBR) will electronically pay sales tax refund to the taxpayers (non-risky) under the Risk Management System (RMS) of the Expeditious Refund System without processing through the Sales Tax Automated Refund Repository System (S
Published 10 Apr, 2010 12:00am

Swedbank leaves government loan guarantee scheme

Swedbank, the Nordic bank most exposed to the crisis-hit Baltics, is leaving Sweden's state guarantee scheme after securing funding for nine months on its own as it recovers from the downturn. The government programme was put in place in October 2008 at t
Published 10 Apr, 2010 12:00am

Risk Management System: non-risky taxpayers to be paid ST refund

The Federal Board of Revenue (FBR) will electronically pay sales tax refund to the taxpayers (non-risky) under the Risk Management System (RMS) of the Expeditious Refund System without processing through the Sales Tax Automated Refund Repository System (S
Published 10 Apr, 2010 12:00am

Peru's central bank holds benchmark rate again

Peru's central bank held its benchmark interest rate steady at 1.25 percent on Thursday as it waits for signs of higher inflation and stronger economic growth before raising rates from an all-time low. The central bank's annual inflation target is 2 perce
Published 10 Apr, 2010 12:00am

Risk Management System: non-risky taxpayers to be paid ST refund

The Federal Board of Revenue (FBR) will electronically pay sales tax refund to the taxpayers (non-risky) under the Risk Management System (RMS) of the Expeditious Refund System without processing through the Sales Tax Automated Refund Repository System (S
Published 10 Apr, 2010 12:00am

Canada default rates hit 20-year high: Moody's

Canadian corporate defaults hit a two-decade high in 2009, driven by troubles in the forestry sector, but will likely fall back over the next year, a report from Moody's said on Thursday. A total of 16 defaults occurred in 2009 affecting C$17.0 billion ($
Published 10 Apr, 2010 12:00am

Naushad Kayani new Military Intelligence chief

Major-General Naushad Kayani has been appointed as Director General of Military Intelligence (MI) while Major General Muhammad Asif, current head of the Military Intelligence has been posted as General Officer Commanding (GOC), Lahore.
Published 10 Apr, 2010 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Petrol/Litre / Dec 24	252.10
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Diesel/Litre / Dec 24	255.38

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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