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Print - 2010-04-16
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 16 Apr, 2010 12:00am
BRIndex30 up by 129.32 points

BRIndex30 up by 129.32 points

On Thursday, BRIndex30 Index opened at 8,849.85 and remained positive throughout the trading session. It touched an intraday high of 9,003.74 and an intraday low of 8,849.85 and closed at 8,979.17, which is 129.32 points or 1.46 percent higher than yester
Published 16 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 16 Apr, 2010 12:00am
BRIndex30 up by 129.32 points

BRIndex30 up by 129.32 points

On Thursday, BRIndex30 Index opened at 8,849.85 and remained positive throughout the trading session. It touched an intraday high of 9,003.74 and an intraday low of 8,849.85 and closed at 8,979.17, which is 129.32 points or 1.46 percent higher than yester
Published 16 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 Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
Domestic debt crosses historic high

Domestic debt crosses historic high

The country's domestic debt stocks have crossed Rs 4 trillion mark for the first time in the history due to the significant rise in fiscal deficit and slow foreign inflows. The central bank has revealed that the country's overall domestic debts comprising
Published 16 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 Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
Domestic debt crosses historic high

Domestic debt crosses historic high

The country's domestic debt stocks have crossed Rs 4 trillion mark for the first time in the history due to the significant rise in fiscal deficit and slow foreign inflows. The central bank has revealed that the country's overall domestic debts comprising
Published 16 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 Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
Domestic debt crosses historic high

Domestic debt crosses historic high

The country''s domestic debt stocks have crossed Rs 4 trillion mark for the first time in the history due to the significant rise in fiscal deficit and slow foreign inflows. The central bank has revealed that the country''s overall domestic debts comprisi
Published 16 Apr, 2010 12:00am
Nine energy projects: consortium agrees to extend $1.2 billion loan

Nine energy projects: consortium agrees to extend $1.2 billion loan

A consortium of International Financial Institutions (IFIs) - World Bank, Asian Development Bank and Islamic Development Bank has agreed to extend $1.2 billion loan for 9 energy projects in a bid to help Pakistan mitigate energy crisis, Business Record
Published 16 Apr, 2010 12:00am
Nine energy projects: consortium agrees to extend $1.2 billion loan

Nine energy projects: consortium agrees to extend $1.2 billion loan

A consortium of International Financial Institutions (IFIs) - World Bank, Asian Development Bank and Islamic Development Bank has agreed to extend $1.2 billion loan for 9 energy projects in a bid to help Pakistan mitigate energy crisis, Business Record
Published 16 Apr, 2010 12:00am
Nine energy projects: consortium agrees to extend $1.2 billion loan

Nine energy projects: consortium agrees to extend $1.2 billion loan

A consortium of International Financial Institutions (IFIs) - World Bank, Asian Development Bank and Islamic Development Bank has agreed to extend $1.2 billion loan for 9 energy projects in a bid to help Pakistan mitigate energy crisis, Business Record
Published 16 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 Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
LSE index up 57.87 points

LSE index up 57.87 points

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday and the equities registered gains across the board amid ascending trading turnover following fresh buying in blue chips. The LSE-25 index slide up to 3354.25 against 3296.38 of We
Published 16 Apr, 2010 12:00am
LSE index up 57.87 points

LSE index up 57.87 points

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday and the equities registered gains across the board amid ascending trading turnover following fresh buying in blue chips. The LSE-25 index slide up to 3354.25 against 3296.38 of We
Published 16 Apr, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (April 15, 2010).
Published 16 Apr, 2010 12:00am
Taiwan unveils plan to boost electric car use

Taiwan unveils plan to boost electric car use

Taiwan on Thursday unveiled a multi-million dollar plan aimed at boosting domestic production and use of electric cars over the next six years, government officials said. The 9.1-billion-dollar (290-million-US) plan includes subsidies for local auto firms
Published 16 Apr, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
No power outages in Rawalpindi's Bahria Town

No power outages in Rawalpindi's Bahria Town

While the entire country, from Khyber to Karachi, is crying owing to severe power crisis, Bahria Town, Rawalpindi, is the only privileged private housing scheme, which has been given exemption from load-shedding. According to the load-shedding schedules b
Published 16 Apr, 2010 12:00am
No power outages in Rawalpindi's Bahria Town

No power outages in Rawalpindi's Bahria Town

While the entire country, from Khyber to Karachi, is crying owing to severe power crisis, Bahria Town, Rawalpindi, is the only privileged private housing scheme, which has been given exemption from load-shedding. According to the load-shedding schedules b
Published 16 Apr, 2010 12:00am
No power outages in Rawalpindi''s Bahria Town

No power outages in Rawalpindi''s Bahria Town

While the entire country, from Khyber to Karachi, is crying owing to severe power crisis, Bahria Town, Rawalpindi, is the only privileged private housing scheme, which has been given exemption from load-shedding. According to the load-shedding schedules b
Published 16 Apr, 2010 12:00am
Gilani briefs Zardari about US visit

Gilani briefs Zardari about US visit

Prime Minister Syed Yusuf Raza Gilani called on President Asif Ali Zardari at Aiwan-e-Sadr on Thursday and apprised him about his visit to the US to attend the Nuclear Security Summit in Washington. The two leaders also discussed the debate on 18th Consti
Published 16 Apr, 2010 12:00am
Meeting reviews wheat procurement arrangements in Faisalabad

Meeting reviews wheat procurement arrangements in Faisalabad

DCO Saeed Wahlah has said that there is no room for mistake during the wheat procurement campaign in the district so the officers concerned should perform their duties efficiently to make the campaign a success. He warned that mismanagement and laxity in
Published 16 Apr, 2010 12:00am
Indian rocket launch flops

Indian rocket launch flops

An Indian rocket showcasing domestically built booster technology crashed soon after take-off on Thursday in a blow to the country's space ambitions, officials said. The launch of the first Indian-made cryogenic powered rocket, a complex technology master
Published 16 Apr, 2010 12:00am
Indian rocket launch flops

Indian rocket launch flops

An Indian rocket showcasing domestically built booster technology crashed soon after take-off on Thursday in a blow to the country's space ambitions, officials said. The launch of the first Indian-made cryogenic powered rocket, a complex technology master
Published 16 Apr, 2010 12:00am
Four German soldiers killed in Afghanistan

Four German soldiers killed in Afghanistan

A German Defence Ministry official says four German soldiers were killed and five others wounded in an attack in northern Afghanistan. Deputy Defense Minister Ruediger Wolf said Thursday in a letter to members of parliament that a German patrol was attack
Published 16 Apr, 2010 12:00am
Four German soldiers killed in Afghanistan

Four German soldiers killed in Afghanistan

A German Defence Ministry official says four German soldiers were killed and five others wounded in an attack in northern Afghanistan. Deputy Defense Minister Ruediger Wolf said Thursday in a letter to members of parliament that a German patrol was attack
Published 16 Apr, 2010 12:00am
US signals new pragmatism with Karzai

US signals new pragmatism with Karzai

US lawmakers and officials are signalling a new pragmatic approach to Afghan President Hamid Karzai, seeing no choice but to cooperate quietly with him despite misgivings about his rule. US senators back from a trip to Afghanistan said that Karzai indicat
Published 16 Apr, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am
UAE firm plans to desalinise farmland

UAE firm plans to desalinise farmland

UAE-based Magnetic Technologies is working with the Pakistani government to reduce the salinity of 6 million hectares of farmland currently unsuitable for farming, the firm's managing director told Reuters. "Food security is a growing concern world-wide a
Published 16 Apr, 2010 12:00am
Pakistan fully capable of protecting nuclear technology: foreign office

Pakistan fully capable of protecting nuclear technology: foreign office

Pakistan is fully capable of protecting its nuclear technology from falling into the hands of terrorists and would seek co-operation of international community for its peaceful use. In his weekly press briefing, foreign office spokesman Abdul Basit said o
Published 16 Apr, 2010 12:00am
Wapda Member holds meeting with Mangla power station engineers

Wapda Member holds meeting with Mangla power station engineers

Engineers should work with devotion for the maintenance and upkeep of the power station for its reliable and efficient operation to meet the challenges of prevailing power crisis in the country. The Wapda Member (Power) Muhammad Qasim Khan stated this on
Published 16 Apr, 2010 12:00am
Punjab's division on administrative basis possible: PML-N

Punjab's division on administrative basis possible: PML-N

In the wake of the demands for new provinces by different political elements, Pakistan Muslim League-Nawaz (PML-N) Thursday said creation of any new province on linguistic basis would not be supported, however, division of Punjab on administrative grounds
Published 16 Apr, 2010 12:00am
Prime Minister has to deliver now: Wasim Sajjad

Prime Minister has to deliver now: Wasim Sajjad

Leader of the Opposition in the Senate Wasim Sajjad said that now Prime Minister has to deliver to resolve the basic problems of the people. Speaking in Senate after the passage of 18th Amendment Bill, he said, "Now the government has to deliver to addres
Published 16 Apr, 2010 12:00am
PML-Q notifies party leaders for Gilgit-Baltistan

PML-Q notifies party leaders for Gilgit-Baltistan

Pakistan Muslim League-Q, President Chaudry Shujaat Hussain has issued a notification mentioning new leaders for Gilgit-Baltistan here on Thursday. According to the notification, Muhammad Aslam will be the president, Captain Sikandar Ali the General Secre
Published 16 Apr, 2010 12:00am
JCR-VIS reaffirms OGDCL ratings as 'AAA'

JCR-VIS reaffirms OGDCL ratings as 'AAA'

Oil and Gas Development Company Limited (OGDCL) has been rated at AAA/A-1+A by JCR-VIS a Credit Rating Company Limited (JCR-VIS) reaffirmed the entity outlook on the medium to long term rating is 'Stale' here on April 13, 2010. The rating reflect principa
Published 16 Apr, 2010 12:00am
JCR-VIS reaffirms OGDCL ratings as 'AAA'

JCR-VIS reaffirms OGDCL ratings as 'AAA'

Oil and Gas Development Company Limited (OGDCL) has been rated at AAA/A-1+A by JCR-VIS a Credit Rating Company Limited (JCR-VIS) reaffirmed the entity outlook on the medium to long term rating is 'Stale' here on April 13, 2010. The rating reflect principa
Published 16 Apr, 2010 12:00am
'There is gap between revenues and expenditures of Punjab government'

'There is gap between revenues and expenditures of Punjab government'

Member of the Institute of Revenues Rating and Valuation and Public Finance Accountant, Patrick Kevin Doherty has said that there is a gap between the revenues and expenditures of the Punjab government which was continuously increasing, as in 2000- 2001 t
Published 16 Apr, 2010 12:00am
Prime Minister announces highest civil award for PCCR

Prime Minister announces highest civil award for PCCR

Prime Minister Syed Yousaf Raza Gilani has announced highest civil award for Parliamentary Committee on Constitutional Reforms (PCCR) on accomplishment of an impossible task with consensus. Addressing the Senate after the passage of the 18th Constitutiona
Published 16 Apr, 2010 12:00am
National Judicial conference begins today

National Judicial conference begins today

A three-day National Judicial conference under the auspices of Law and Justice Commission of Pakistan begins today (Friday), aimed at reviewing the judicial policy.
Published 16 Apr, 2010 12:00am
Shoaib, Sania invited to Germany to celebrate honeymoon

Shoaib, Sania invited to Germany to celebrate honeymoon

Pakistani Community living in Germany has invited Shoaib Malik and Sania Mirza to celebrate their honeymoon in Germany, said a press release received here on Thursday. Tariq Awan, community leader and Chairman Kashmir Forum, Germany has sent a message of
Published 16 Apr, 2010 12:00am
Tentative seniority list of SWMOs

Tentative seniority list of SWMOs

Health Department Punjab has prepared tentative seniority list of Senior Women Medical (grade 18) Officers. The list has been sent to the DG Health Punjab, all the EDOs (H), Principals of Medical Colleges, Heads of Special Institutions besides displaying
Published 16 Apr, 2010 12:00am
Broadening of tax base stressed

Broadening of tax base stressed

Revenue shortfalls across the world are expected due to the global financial crisis and with low productivity within the region resulting from massive exemptions, poor administration, low threshold, lack of transparency and enforcement, the government fac
Published 16 Apr, 2010 12:00am
Chief minister's advisor for cut in non-development expenditures

Chief minister's advisor for cut in non-development expenditures

Adviser to Chief Minister Sindh on Planning and Development, Dr Kaisar Bengali has emphasised on the need of re-defining state priorities and reducing non development expenditures. Speaking at a pre-budget seminar organised by Karachi Chamber of Commerce
Published 16 Apr, 2010 12:00am
Etihad Airways reports 25.4 percent growth in RPKs in first quarter

Etihad Airways reports 25.4 percent growth in RPKs in first quarter

Etihad Airways, the national airline of the United Arab Emirates on Thursday reported 25.4 percent growth in revenue passenger kilometers (RPKs) in the first quarter of 2010, far out-pacing the industry average and running, ahead of the airline's availabl
Published 16 Apr, 2010 12:00am
Meezan Bank awarded 'Best Islamic Bank' in Pakistan

Meezan Bank awarded 'Best Islamic Bank' in Pakistan

Meezan Bank, Pakistan's first and largest Islamic Bank has been awarded 'Best Islamic Bank in Pakistan' for 2009 by ASiAMONEY magazine, Hong Kong. Meezan Bank also recently won the 'Best Islamic Bank in Pakistan' for 2009 by Islamic Finance News of REDmon
Published 16 Apr, 2010 12:00am
Code of Corporate Governance 2002: proposed amendments on PICG's website

Code of Corporate Governance 2002: proposed amendments on PICG's website

The recommendations put forward by Pakistan Institute of Corporate Governance (PICG) for amendments to the Code of Corporate Governance, 2002 are now placed on PICG's website for public comment. According to a press release issued here on Thursday the dea
Published 16 Apr, 2010 12:00am
PPO issues stamp to mark 150th anniversary of OICCI

PPO issues stamp to mark 150th anniversary of OICCI

To mark the 150th anniversary of the Overseas Investors Chamber of Commerce and Industry (OICCI) in year 2010, Pakistan Post Office (PPO) has issued a commemorative stamp. The 150th anniversary is a significant event in country's economic and business his
Published 16 Apr, 2010 12:00am
Moderates proposes formation of 19 states

Moderates proposes formation of 19 states

Moderates demand more autonomy for the country's people by forming the earlier proposed 19 states through a 19th constitutional amendment. Elaborating this proposal, Syed Jawaid Iqbal, Chairman Moderates said "The repercussions of the renaming of NWFP as
Published 16 Apr, 2010 12:00am
Imam to be sentenced in NYC subway-plot case

Imam to be sentenced in NYC subway-plot case

An Afghanistan-born imam linked to the suspects in an aborted suicide bomb plot against New York City subway stations faces up to six months in prison. Ahmad Afzali, who pleaded guilty to lying to the FBI in a deal sparing him serious jail time, was sched
Published 16 Apr, 2010 12:00am
Poplar wood smuggling: Match manufacturers seek FBR help

Poplar wood smuggling: Match manufacturers seek FBR help

Local match manufacturers have approached the Federal Board of Revenue to check large-scale smuggling of poplar wood to Afghanistan in violation of the Export Policy Order of the Ministry of Commerce. Sources told Business Recorder on Thursday that
Published 16 Apr, 2010 12:00am
Sindh to have first public sector haemophilia treatment centres

Sindh to have first public sector haemophilia treatment centres

Sindh Health Department will establish Treatment Centres for Hemophiliacs at selected government hospitals, said provincial health secretary, Syed Hashim Raza. In response to presentations made by health experts at a seminar organised by Sindh Blood Trans
Published 16 Apr, 2010 12:00am
SCCI concerned over unscheduled loadshedding

SCCI concerned over unscheduled loadshedding

President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Ishaq Butt has expressed deep concern over unscheduled load shedding of up to 16 hours in Sialkot.
Published 16 Apr, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 15, 2010).

Published 16 Apr, 2010 12:00am