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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-04-21
Nine month: NRL profit after tax soars to Rs 1,966.891 million

Nine month: NRL profit after tax soars to Rs 1,966.891 million

The profit after tax of National Refinery Limited (NRL) has increased to Rs 1,966.891 million in the nine months period ended March 31, 2010 as compared to Rs 853.618 million earned in the corresponding period last year.
Published 21 Apr, 2010 12:00am
Nine month: NRL profit after tax soars to Rs 1,966.891 million

Nine month: NRL profit after tax soars to Rs 1,966.891 million

The profit after tax of National Refinery Limited (NRL) has increased to Rs 1,966.891 million in the nine months period ended March 31, 2010 as compared to Rs 853.618 million earned in the corresponding period last year.
Published 21 Apr, 2010 12:00am
Panel expresses serious concern about existence of 'SRO Culture'

Panel expresses serious concern about existence of 'SRO Culture'

The 'panel of economists' of the Planning Commission has expressed serious concern over the existence of 'SRO Culture' in Pakistan which facilitates some business units to clear consignments on special concessionary rates of customs duty.
Published 21 Apr, 2010 12:00am
Shifting focus from indirect to direct taxes suggested

Shifting focus from indirect to direct taxes suggested

The government ought to consider shifting its focus on raising revenue from indirect taxation with easy "tax handles", such as import duties, which would decrease revenue collection.
Published 21 Apr, 2010 12:00am
Strong accountability system in tax collection proposed

Strong accountability system in tax collection proposed

The 'panel of economists' constituted by the Planning Commission, has proposed a strong system of accountability to minimise corruption in tax collection procedure of the Federal Board of Revenue (FBR), after implementation of value-added tax (VAT), from
Published 21 Apr, 2010 12:00am
Country in midst of global and domestic economic crises

Country in midst of global and domestic economic crises

Pakistan is in the midst of twin crisis at this juncture ie, global and domestic economic downturn resulting in high inflation and reduction in employment opportunities and war against extremism displacing large number of people and destroyed infrastructu
Published 21 Apr, 2010 12:00am
10 UET students get scholarship

10 UET students get scholarship

Ten University of Engineering and Technology (UET) students have been selected for a scholarship programme for technical education in Pakistan. The scholarship programme, titled "ZONG Scholarship Program" was started last year as part of the company's cor
Published 21 Apr, 2010 12:00am
Provision of 10GB bandwidth to students: PTCL, HEC ink deal

Provision of 10GB bandwidth to students: PTCL, HEC ink deal

The Higher Education Commission of Pakistan (HEC) and Pakistan Telecommunication Company Limited (PTCL) entered into a landmark agreement in Islamabad for provisioning of 10 gigabit premium Internet bandwidth connectivity. This is the largest Internet bac
Published 21 Apr, 2010 12:00am
Nust business school inaugurated

Nust business school inaugurated

The inauguration ceremony of Business School of National University of Sciences and Technology (Nust) was held in the H-12 campus of the varsity. Dr Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance, Economic Affairs, Statistics, and Planning and
Published 21 Apr, 2010 12:00am
CDNS clarification

CDNS clarification

With reference to the comments published in daily Business Recorder on 16 April, 2010 under the title "NSS: nearly on target, but at what cost" it is clarified that: A) The NSS instruments are priced at 95 percent of Weighted Average Yield of bench
Published 21 Apr, 2010 12:00am
Book fair

Book fair

National Book Foundation and Iqbal Academy will jointly organise a one-day book fair at Awan-e-Iqbal in connection with National Book Day on April 22, 2010. Mustansar Hussain Tarar will inaugurate the book fair. Prominent publishers will set up their stal
Published 21 Apr, 2010 12:00am
Schemes worth Rs 135 billion being completed in Southern Punjab

Schemes worth Rs 135 billion being completed in Southern Punjab

Senior Advisor to Chief Minister Punjab Sirdar Zulfiqar Ali Khan Khosa has said that government has taken measures for the development of far-flung and remote areas of the province besides poverty alleviation and attainment of the objective of economic de
Published 21 Apr, 2010 12:00am
Pharma prices to go up by 25 percent

Pharma prices to go up by 25 percent

Multinational drugs companies are all set to increase medicine prices by 25 percent across the country as they have already stopped supplying certain drugs to the market, sources apprised Business Recorder on Tuesday. Dealers and wholesalers of dru
Published 21 Apr, 2010 12:00am
Cases of Fateh Jang transferred to AD&SJ court

Cases of Fateh Jang transferred to AD&SJ court

All civil, criminal and sessions cases (including part-heard cases) of Fateh Jang sub-division have been transferred from district headquarter Attock to the court of Additional District and Sessions Judge (AD&SJ) Feteh Jang, Syed Ali Abbas. The Lahore Hig
Published 21 Apr, 2010 12:00am
Full court reference held for Rehan Hassan Naqvi

Full court reference held for Rehan Hassan Naqvi

A full court reference was held on Saturday, April 17, 2010 at 12:00 noon at the Appellate Tribunal Inland Revenue, Karachi, for late Rehan Hassan Naqvi, past president of the Income Tax Bar Association, Karachi, and the Founder of Pakistan Tax Bar Associ
Published 21 Apr, 2010 12:00am
PBM embezzlement case: LHC orders arrest of former MS HFH

PBM embezzlement case: LHC orders arrest of former MS HFH

The judge of Lahore High Court (LHC), Rawalpindi bench Justice Ejaz Ahmed on Tuesday ordered the arrest of former MS HFH and dispenser on embezzling millions of rupees of Baitul Maal Fund. The learned Judge while cancelling the bails of both the accused f
Published 21 Apr, 2010 12:00am
No further relief to BoP loan scam accused: Supreme Court

No further relief to BoP loan scam accused: Supreme Court

The Supreme Court on Tuesday refused to extend any further relief to the accused of Rs 9 billion Bank of Punjab (BoP) loan scam, directing them to approach the competent authority for disposal of their properties. A three-member bench headed by Chief Just
Published 21 Apr, 2010 12:00am
Supreme Court directs EC to hold by-elections in PP-160

Supreme Court directs EC to hold by-elections in PP-160

The Supreme Court on Tuesday directed the Election Commission to hold by-elections in PP-160 (Lahore-XXIV) after it was informed that Rana Mubashir Iqbal, member of Punjab Assembly from Pakistan Muslim League-Nawaz (PML-N) had tendered resignation. A thre
Published 21 Apr, 2010 12:00am
Index down 28.36 points

Index down 28.36 points

Mixed trend was observed on the Karachi Stock Exchange on Tuesday and the KSE-100 index closed at 10,641.52 points with a loss of 28.36 points. The market opened on a positive note and the index hit 10,730.10 points intra-day high, up 60.22 points. Howeve
Published 21 Apr, 2010 12:00am
Budget in June

Budget in June

The Finance Ministry, succumbing to the political and other pressures, is now set to present the 2010-11 Budget in the month of June instead of earlier planned by end of May, sources said. A Budget Strategy Paper-II (BSP-II), though, will come in the Parl
Published 21 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 21 Apr, 2010 12:00am
Shipping lines may withdraw services

Shipping lines may withdraw services

Shipping lines and their principals may withdraw their services to/from Pakistan in case FIA continues to question them on the pretext of "non-implementation" of State Bank of Pakistan's FE Circular No 6 of May 15, 2006. The State Bank of Pakistan had iss
Published 21 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 21 Apr, 2010 12:00am
Shipping lines may withdraw services

Shipping lines may withdraw services

Shipping lines and their principals may withdraw their services to/from Pakistan in case FIA continues to question them on the pretext of "non-implementation" of State Bank of Pakistan's FE Circular No 6 of May 15, 2006. The State Bank of Pakistan had iss
Published 21 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 Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
Shipping lines may withdraw services

Shipping lines may withdraw services

Shipping lines and their principals may withdraw their services to/from Pakistan in case FIA continues to question them on the pretext of "non-implementation" of State Bank of Pakistan''s FE Circular No 6 of May 15, 2006. The State Bank of Pakistan had is
Published 21 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 Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
Inclusive growth with four broad dimensions: structural changes proposed

Inclusive growth with four broad dimensions: structural changes proposed

The Panel of Economists has proposed to the government to initiate necessary structural changes and establish institutional framework for sustained inclusive growth. The high profile panel of economists constituted by the present government after coming i
Published 21 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 Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
Inclusive growth with four broad dimensions: structural changes proposed

Inclusive growth with four broad dimensions: structural changes proposed

The Panel of Economists has proposed to the government to initiate necessary structural changes and establish institutional framework for sustained inclusive growth. The high profile panel of economists constituted by the present government after coming i
Published 21 Apr, 2010 12:00am
Inclusive growth with four broad dimensions: structural changes proposed

Inclusive growth with four broad dimensions: structural changes proposed

The Panel of Economists has proposed to the government to initiate necessary structural changes and establish institutional framework for sustained inclusive growth. The high profile panel of economists constituted by the present government after coming i
Published 21 Apr, 2010 12:00am
CVT collection powers be transferred to provinces

CVT collection powers be transferred to provinces

The Panel of Economists has proposed the federal government to transfer collection powers of Capital Value Tax (CVT) on immovable property to the provinces. The "Panel of Economists" report issued on Tuesday recommended to strengthen the own source revenu
Published 21 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 Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
CVT collection powers be transferred to provinces

CVT collection powers be transferred to provinces

The Panel of Economists has proposed the federal government to transfer collection powers of Capital Value Tax (CVT) on immovable property to the provinces. The "Panel of Economists" report issued on Tuesday recommended to strengthen the own source revenu
Published 21 Apr, 2010 12:00am
CVT collection powers be transferred to provinces

CVT collection powers be transferred to provinces

The Panel of Economists has proposed the federal government to transfer collection powers of Capital Value Tax (CVT) on immovable property to the provinces. The "Panel of Economists" report issued on Tuesday recommended to strengthen the own source revenu
Published 21 Apr, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 20, 2010).
Published 21 Apr, 2010 12:00am
Index down 28.36 points

Index down 28.36 points

Mixed trend was observed on the Karachi Stock Exchange on Tuesday and the KSE-100 index closed at 10,641.52 points with a loss of 28.36 points. The market opened on a positive note and the index hit 10,730.10 points intra-day high, up 60.22 points. Howeve
Published 21 Apr, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
Rising public debt threatens world financial system: IMF

Rising public debt threatens world financial system: IMF

The economic crisis could be entering a "new phase" with rising public debt threatening to undermine the stability of the global financial system, the International Monetary Fund warned Tuesday. In a biannual report on economic stability, the IMF said the
Published 21 Apr, 2010 12:00am
Energy summit forms three high level committees

Energy summit forms three high level committees

The Energy Summit has constituted three high level committees to devise short, medium and long term measures on energy conservation and load management plan, sources apprised Business Recorder. They said the committee would suggest Prime Minister (
Published 21 Apr, 2010 12:00am
Registration Fee, Professional Tax challenged in LHC

Registration Fee, Professional Tax challenged in LHC

The levy of Registration Fee and Professional Tax charged by Excise & Taxation Department on capital value of the vehicles has been challenged before the Lahore High Court (LHC). The petitioner chairman Judicial Activism Penal (JAP), Muhammad Azhar Siddiq
Published 21 Apr, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (April 20, 2010).

Published 21 Apr, 2010 12:00am
PML-Q lambastes Shahbaz for corruption claims

PML-Q lambastes Shahbaz for corruption claims

Pakistan Muslim League Q has criticised Chief Minister Punjab for false claims on overcoming corruption, as his own ministers, advisors and parliamentarians besides the party office bearers are involved in corruption, commission and fraudulent activities.
Published 21 Apr, 2010 12:00am
Emirates Airlines puts volcano cost at $65 million

Emirates Airlines puts volcano cost at $65 million

Emirates Airlines said on Tuesday that it has lost about 65 million dollars after cancelling 250 flights due to volcanic ash over Europe. "We're down to about 60 million dollars of income depletion, and we've got the five or six million dollars we're spen
Published 21 Apr, 2010 12:00am
Roadside bomb kills four troops

Roadside bomb kills four troops

A roadside bomb Tuesday killed four troops and wounded three others in the north-western tribal belt along the Afghan border, officials said. "It was a remote-controlled bomb blast," Mir Chaman Khan, a local police officer told, AFP by telephone.
Published 21 Apr, 2010 12:00am
BRIndex30 loses 27.94 points

BRIndex30 loses 27.94 points

On Tuesday, the BRIndex30 opened at 8,917.38 points and remained in the positive for most of the trading session, dropping only in the last 30 minutes. It touched intra-day high of 8,988.90 and low of 8,883.78 points, before closing at 8,889.44 points wit
Published 21 Apr, 2010 12:00am
Index down 28.36 points

Index down 28.36 points

Mixed trend was observed on the Karachi Stock Exchange on Tuesday and the KSE-100 index closed at 10,641.52 points with a loss of 28.36 points. The market opened on a positive note and the index hit 10,730.10 points intra-day high, up 60.22 points. Howeve
Published 21 Apr, 2010 12:00am
BRIndex30 loses 27.94 points

BRIndex30 loses 27.94 points

On Tuesday, the BRIndex30 opened at 8,917.38 points and remained in the positive for most of the trading session, dropping only in the last 30 minutes. It touched intra-day high of 8,988.90 and low of 8,883.78 points, before closing at 8,889.44 points wit
Published 21 Apr, 2010 12:00am
Peshawar traders observe shutter down

Peshawar traders observe shutter down

Trading community here Tuesday observed shutter-down to mourn the killing of 24 people, including a police official and a local leader of Jamaat-i-Islami in a suicide attack on a political rally in busy Qissa Khwani Bazaar.
Published 21 Apr, 2010 12:00am
Pakistan's pre-Islamic art on show in Paris

Pakistan's pre-Islamic art on show in Paris

Pakistan's pre-Islamic heritage is showcased in Paris from Wednesday in an exhibition of ancient Buddhist art that offers a fresh perspective on a country fraught with violence and religious unrest. The Guimet Museum of Asian Art has gathered 200 works da
Published 21 Apr, 2010 12:00am
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