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Print - 2010-04-22
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 Wednesday (April 21, 2010).

Published 22 Apr, 2010 12:00am
Fire at Aabpara police station kills man

Fire at Aabpara police station kills man

A man burnt alive when a huge fire broke out at Aabpara police station on Wednesday, causing huge damage to the building as well. The right side of the building engulfed in fire due to wielding sparks, as maintenance work was going in a room. The wielder
Published 22 Apr, 2010 12:00am
Citibank's ATMs at 7 Chevron service stations launched

Citibank's ATMs at 7 Chevron service stations launched

Citibank N.A. Pakistan and ORIX Leasing Pakistan signed an agreement for launching Citibank ATMs at 7 different Caltex service stations across Karachi, Lahore and Islamabad. Such an initiative should go a long way in facilitating Citi and Chevron's mutual
Published 22 Apr, 2010 12:00am
Unavailability of pilot boats hits shipping activity at Karachi Port

Unavailability of pilot boats hits shipping activity at Karachi Port

The shipping activity remained totally disturbed for two days at Karachi Port due to breakdown of the Karachi Port Trust's (KPT) ageing pilot boats. According to sources, the 18th and 19th of this month remained quite disturbing for the shipping activity
Published 22 Apr, 2010 12:00am
Interveners term KESC demands 'unjustified'

Interveners term KESC demands 'unjustified'

The interveners of Karachi Electric Supply Company's (KESC) petition for fuel adjustment, tariff revision and security deposits, rejected the company's demands terming them "unjustified" in a public hearing which National Electric Power Regulatory Authori
Published 22 Apr, 2010 12:00am
MCB board recommends Rs 2.5 per share cash dividend

MCB board recommends Rs 2.5 per share cash dividend

The board of directors of MCB Bank on Wednesday recommended cash dividend at Rs 2.5 per share ie 25 percent for the quarter ended March 31, 2010. The Board of Directors of the bank met under the chairmanship of Mian Mohammad Mansha and reviewed the perfor
Published 22 Apr, 2010 12:00am
MCB board recommends Rs 2.5 per share cash dividend

MCB board recommends Rs 2.5 per share cash dividend

The board of directors of MCB Bank on Wednesday recommended cash dividend at Rs 2.5 per share ie 25 percent for the quarter ended March 31, 2010. The Board of Directors of the bank met under the chairmanship of Mian Mohammad Mansha and reviewed the perfor
Published 22 Apr, 2010 12:00am
Casual elegance perfects with natural beauty

Casual elegance perfects with natural beauty

The new Sport Class XL-S is a sporty chic timepiece for the woman who appreciates casual elegance. Designed for day or night, the natural beauty of this sleek Gc timepiece features a unique bezel design with notched triangular segments.
Published 22 Apr, 2010 12:00am
Saarc members urged to reduce negative lists, remove NTBs

Saarc members urged to reduce negative lists, remove NTBs

Sluggish approach towards implementing the decisions taken by Heads of State of Saarc region is impeding progress and growth of the South Asian Free Trade Area (Safta). This was stated by Annisul Huq, President of Saarc Chamber of Commerce and Industry (S
Published 22 Apr, 2010 12:00am
KESC to lose entire supply of power from Wapda

KESC to lose entire supply of power from Wapda

Karachi Electric Supply Company (KESC) will lose entire supply of electricity from Water and Power Development Authority (Wapda), if the later reduces further its supply to the company by 50 percent, sources said. It may be recalled that it has already be
Published 22 Apr, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (April 21, 2010).

Published 22 Apr, 2010 12:00am
Shahbaz calls on Zardari

Shahbaz calls on Zardari

Chief Minister Punjab Mian Shahbaz Sharif called on President Asif Ali Zardari here on Wednesday. Development projects in the province, with special reference to Bahawalpur division were discussed in the meeting. Governor Punjab Salman Taseer, Sindh Chief
Published 22 Apr, 2010 12:00am
DHA renames street to honour squash legend Roshan Khan

DHA renames street to honour squash legend Roshan Khan

In a rare move Defence Housing Authority officially renamed the B-6 street in DHA Phase-V as Roshan Khan B-6 street to honour the squash legend and national hero of the yester years. The renaming of street formality was performed by the Administrator DHA
Published 22 Apr, 2010 12:00am
177 percent rise in Pakistan Oilfields profit

177 percent rise in Pakistan Oilfields profit

The profit after tax of Pakistan Oilfields Limited (POL) has significantly increased by 177 percent to Rs 2,278.178 million in the quarter ended March 31, 2010 as compared to Rs 821.818 million earned in the corresponding period of last year. The board of
Published 22 Apr, 2010 12:00am
Cairns Group calls for return to Doha talks

Cairns Group calls for return to Doha talks

Ministers from the Cairns Group of agricultural exporters called Tuesday for protectionism to be resisted and urged a revival of global trade liberalisation talks. "Concluding the Doha Development Agenda must remain the top priority of WTO (World Trade Or
Published 22 Apr, 2010 12:00am
Aid running out for 1.3 million IDPs: charities

Aid running out for 1.3 million IDPs: charities

Thousands of Pakistanis continue to flee Taliban-plagued north-west provinces every day, but money is running out to help the 1.3 million people displaced by fighting, aid agencies warned Wednesday. Pakistan faced its biggest humanitarian crisis in decade
Published 22 Apr, 2010 12:00am
Police scuttle seminar in held Kashmir

Police scuttle seminar in held Kashmir

Police in Indian Kashmir said they had detained on Wednesday the organiser of a seminar that was to be addressed by phone by top militants, including one blamed for the Mumbai attacks. Ahsan Untoo, the head of Human Rights Forum, a local rights group, was
Published 22 Apr, 2010 12:00am
Man arrested for stealing official record

Man arrested for stealing official record

Law enforcement agencies have arrested a person, who was trying to steal official record from Federal Interior Ministry offices in Pakistan Secretariat. According to police sources, the Interior Ministry officials informed the Secretariat Police that they
Published 22 Apr, 2010 12:00am
FIA to prosecute people nominated in UN report

FIA to prosecute people nominated in UN report

The Federal Investigation Agency (FIA) has decided to indict the people nominated in the UN Commission's report on the death of Benazir Bhutto, and there is a possibility of arresting people responsible for providing poor security cover during the public
Published 22 Apr, 2010 12:00am
UK jobless total soars to highest point since 1994

UK jobless total soars to highest point since 1994

Britain's jobless total has hit the highest level since late 1994, but the number of people claiming benefits fell by more than expected in March, official data showed on Wednesday. With a general election looming on May 6, economists argued that the mixe
Published 22 Apr, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (April 21, 2010).

Published 22 Apr, 2010 12:00am
North Korea demands 'nuclear weapons state' status

North Korea demands 'nuclear weapons state' status

North Korea demanded recognition on Wednesday as an official nuclear weapons state, and said it would build nuclear weapons as it deemed necessary. The comments, carried in a North Korea Foreign Ministry memorandum, also repeated calls for a permanent pea
Published 22 Apr, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (April 21, 2010).
Published 22 Apr, 2010 12:00am
Bears dominate ISE

Bears dominate ISE

Gainers and losers had a close fight at the Islamabad Stock Exchange (ISE) where bears dominated the proceedings under the lead of hot favourite amid decrease in the index. ISE Ten Index showed a decrease of 13.95 points, as the Index moved from 2,515.78
Published 22 Apr, 2010 12:00am
Bears dominate ISE

Bears dominate ISE

Gainers and losers had a close fight at the Islamabad Stock Exchange (ISE) where bears dominated the proceedings under the lead of hot favourite amid decrease in the index. ISE Ten Index showed a decrease of 13.95 points, as the Index moved from 2,515.78
Published 22 Apr, 2010 12:00am
Six percent power tariff hike: IMF may be approached for waiver

Six percent power tariff hike: IMF may be approached for waiver

Pakistan may again approach the International Monetary Fund (IMF) for waiver of 6 percent increase in power tariff, due from April, after a comprehensive strategy based on long-, medium- and short-term measures being announced by Prime Minister Yousaf Raz
Published 22 Apr, 2010 12:00am
Indonesia sees nine percent shortfall in sugar production

Indonesia sees nine percent shortfall in sugar production

Prolonged rains may reduce the sugar content in Indonesian cane, leading to a domestic production shortfall this year of around 270,000 tonnes, an agriculture official said on Wednesday. Agus Hasanuddin, director of annual crops at the agriculture ministr
Published 22 Apr, 2010 12:00am
Kerry-Lugar Act: over 55 projects may be submitted to US

Kerry-Lugar Act: over 55 projects may be submitted to US

Pakistan may submit more than 55 projects, including five energy projects costing $6.8 billion to United States to be financed under Kerry Lugar Act, Business Recorder has learnt. US will extend $7.5 billion aid package of the Kerry-Lugar Act durin
Published 22 Apr, 2010 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Cash basis bids for hard red winter wheat in the US Plains were flat on Wednesday and grain dealers reported only a smattering of country sales after Tuesday's recovery rally in Kansas City Board of Trade wheat futures. A few farmers were moving old-crop
Published 22 Apr, 2010 12:00am
Kerry-Lugar Act: over 55 projects may be submitted to US

Kerry-Lugar Act: over 55 projects may be submitted to US

Pakistan may submit more than 55 projects, including five energy projects costing $6.8 billion to United States to be financed under Kerry Lugar Act, Business Recorder has learnt. US will extend $7.5 billion aid package of the Kerry-Lugar Act durin
Published 22 Apr, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 132,107 tonnes of cargo including 91,455 tonnes of import cargo and 40,652 tonnes of export cargo during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 91,455 tonnes comprised of 23,775 tonnes of contain
Published 22 Apr, 2010 12:00am
Kerry-Lugar Act: over 55 projects may be submitted to US

Kerry-Lugar Act: over 55 projects may be submitted to US

Pakistan may submit more than 55 projects, including five energy projects costing $6.8 billion to United States to be financed under Kerry Lugar Act, Business Recorder has learnt. US will extend $7.5 billion aid package of the Kerry-Lugar Act durin
Published 22 Apr, 2010 12:00am
Message from Secretary IT & Telecom, Government of Pakistan

Message from Secretary IT & Telecom, Government of Pakistan

It give me immense pleasure to address stakeholders, regulators, bankers, entrepreneurs and professionals across the technology spectrum of the country as well as abroad through this message for e-Banking 2010, This annual event has indeed cemented its pl
Published 22 Apr, 2010 12:00am
Only 'active taxpayers' to get VAT refund

Only 'active taxpayers' to get VAT refund

Only taxpayers covered under the "List of Active Taxpayers" would be able to get refund of Value Added Tax under the Expeditious Refund System launched as an integral part of the VAT implementation plan. Sources told Business Recorder here on Wedne
Published 22 Apr, 2010 12:00am
Only 'active taxpayers' to get VAT refund

Only 'active taxpayers' to get VAT refund

Only taxpayers covered under the "List of Active Taxpayers" would be able to get refund of Value Added Tax under the Expeditious Refund System launched as an integral part of the VAT implementation plan. Sources told Business Recorder here on Wedne
Published 22 Apr, 2010 12:00am
Message from Chief Executive, TOTAL Communications

Message from Chief Executive, TOTAL Communications

It has been a long but sweet journey when we look back eight years ago when first e-Banking conference was held at Karachi. Toda y the event is an established international program looked forward by the industry and stakeholders alike.
Published 22 Apr, 2010 12:00am
Only ''active taxpayers'' to get VAT refund

Only ''active taxpayers'' to get VAT refund

Only taxpayers covered under the "List of Active Taxpayers" would be able to get refund of Value Added Tax under the Expeditious Refund System launched as an integral part of the VAT implementation plan. Sources told Business Recorder here on Wedne
Published 22 Apr, 2010 12:00am
Message from Chairman & CEO, AutoSoft Dynamics (Private) Limited

Message from Chairman & CEO, AutoSoft Dynamics (Private) Limited

On behalf of AutoSoft Dynamics (Pvt) Limited (ASD), I would like to thank PSEB, P@SHA, Total Communications and the Government of Sindh for their valuable efforts in organising e-banking 2010 "8th International Conference & Exhibition" and would also like
Published 22 Apr, 2010 12:00am
Message from CEO, ZRG International

Message from CEO, ZRG International

It is great to be back. So much has taken place since the last time we all were present on this occasion. The ground realities of the marketplace now also include the factors such as increased awareness and accessibility through non traditional telecommun
Published 22 Apr, 2010 12:00am
Reach out to your customers in a managed way

Reach out to your customers in a managed way

In accordance with policies and operational requirements, companies need to contact their existing and potential customers by telephone for several reasons. Among these, tele-sales, collections, courtesy and welcome calls are considered to be some of the
Published 22 Apr, 2010 12:00am
About ZRG International

About ZRG International

ZRG International is a Telecom solutions and IT system integration company that specialises in the area of customer interaction & relationship management solutions, including contact centers, CRM, CTI and others. ZRG has deployed its solutions at mission
Published 22 Apr, 2010 12:00am
AutoSoft Dynamics

AutoSoft Dynamics

AutoSoft Dynamics (Pvt) Limited is a fast growing Pakistan based supplier of a complete banking solution. We offer our clients a full spectrum of products and services that cater to meet the ever-changing needs of the financial services industry. We house
Published 22 Apr, 2010 12:00am
Banking should be for everyone: How to bank the unbanked

Banking should be for everyone: How to bank the unbanked

According to estimates by the United States Census Bureau, we now have a world population of over 6.7 billion, each of whom requiring access to basic services. While there is disparity between those that have access to basic services and those that do not
Published 22 Apr, 2010 12:00am
The cash revolution

The cash revolution

Cash handling is extremely expensive. It costs European companies more than 50 billion euro a year. In Germany's retail sector alone, cash processes generate annual costs of about 7.4 billion euro; in banking, they average around 3.9 billion euro. Most of
Published 22 Apr, 2010 12:00am
Index loses 51.31 points

Index loses 51.31 points

The Karachi share market on Wednesday witnessed declining trend despite foreign investors' support, and the KSE-100 index lost 51.31 points to close at 10,590.21 points. Local investors preferred to offload their holdings on renewed concerns over implemen
Published 22 Apr, 2010 12:00am
LSE index down 23.13 points

LSE index down 23.13 points

The depressed sentiments prevailed on the Lahore Stock Exchange (LSE) on Wednesday and the equities remained under pressure because of selling pressure in oil and banking sectors. The LSE-21 index further slipped by 23.13 points and was closed at 3308.65
Published 22 Apr, 2010 12:00am
LSE index down 23.13 points

LSE index down 23.13 points

The depressed sentiments prevailed on the Lahore Stock Exchange (LSE) on Wednesday and the equities remained under pressure because of selling pressure in oil and banking sectors. The LSE-21 index further slipped by 23.13 points and was closed at 3308.65
Published 22 Apr, 2010 12:00am
BRIndex30 down 47.3 points

BRIndex30 down 47.3 points

On Wednesday, the BRIndex30 opened at 8,889.44 points and remained in the negative throughout the trading session. It touched the intra-day high of 8,898.22 and low of 8,788.64 points and closed at 8,842.14 points, with a loss of -47.3 points, or -0.53 pe
Published 22 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 Wednesday (April 21, 2010).

Published 22 Apr, 2010 12:00am
BRIndex30 down 47.3 points

BRIndex30 down 47.3 points

On Wednesday, the BRIndex30 opened at 8,889.44 points and remained in the negative throughout the trading session. It touched the intra-day high of 8,898.22 and low of 8,788.64 points and closed at 8,842.14 points, with a loss of -47.3 points, or -0.53 pe
Published 22 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 Wednesday (April 21, 2010).

Published 22 Apr, 2010 12:00am
Index loses 51.31 points

Index loses 51.31 points

The Karachi share market on Wednesday witnessed declining trend despite foreign investors'' support, and the KSE-100 index lost 51.31 points to close at 10,590.21 points. Local investors preferred to offload their holdings on renewed concerns over impleme
Published 22 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 Wednesday (April 21, 2010).

Published 22 Apr, 2010 12:00am
Index loses 51.31 points

Index loses 51.31 points

The Karachi share market on Wednesday witnessed declining trend despite foreign investors' support, and the KSE-100 index lost 51.31 points to close at 10,590.21 points. Local investors preferred to offload their holdings on renewed concerns over implemen
Published 22 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 22 Apr, 2010 12:00am
Power plants: Pepco demands continued gas supply

Power plants: Pepco demands continued gas supply

Pakistan Electric Power Company (Pepco) has acknowledged that last one year's increase in power and gas tariffs had made these utilities unaffordable, which led to riots in different parts of the country except Karachi where the situation is corporately b
Published 22 Apr, 2010 12:00am
Managed PKI - a step forward

Managed PKI - a step forward

In today's world, more and more businesses are going online not just to increase outreach to their customers but also to provide them more services at their door step. However, this easy access on the Internet is also carrying security threats for busines
Published 22 Apr, 2010 12:00am
Six percent power tariff hike: IMF may be approached for waiver

Six percent power tariff hike: IMF may be approached for waiver

Pakistan may again approach the International Monetary Fund (IMF) for waiver of 6 percent increase in power tariff, due from April, after a comprehensive strategy based on long-, medium- and short-term measures being announced by Prime Minister Yousaf Raz
Published 22 Apr, 2010 12:00am
Six percent power tariff hike: IMF may be approached for waiver

Six percent power tariff hike: IMF may be approached for waiver

Pakistan may again approach the International Monetary Fund (IMF) for waiver of 6 percent increase in power tariff, due from April, after a comprehensive strategy based on long-, medium- and short-term measures being announced by Prime Minister Yousaf Raz
Published 22 Apr, 2010 12:00am
New York cotton

New York cotton

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

Published 22 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 22 Apr, 2010 12:00am
Power plants: Pepco demands continued gas supply

Power plants: Pepco demands continued gas supply

Pakistan Electric Power Company (Pepco) has acknowledged that last one year''s increase in power and gas tariffs had made these utilities unaffordable, which led to riots in different parts of the country except Karachi where the situation is corporately
Published 22 Apr, 2010 12:00am
SCBA moves Supreme Court against judicial commission

SCBA moves Supreme Court against judicial commission

In line with its earlier resolve, the Supreme Court Bar Association (SCBA) on Wednesday moved the apex court against judicial commission envisaged in 18th Amendment for appointment of superior courts judges, terming the commission's formation against the
Published 22 Apr, 2010 12:00am