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May 13, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-05-18
US MIDDAY: copper falls

US MIDDAY: copper falls

US copper futures fell to a 1-1/2-week low early on Monday, as the dollar strengthened and broader market concerns persisted about the European debt crisis and its potential impact on global economic recovery. Copper for July delivery plunged 7.30 cents,
Published 18 May, 2010 12:00am
Three killed in firing

Three killed in firing

Three persons including a woman and a seven-year-old boy were killed in firing by a group of armed men at village Ghulam Rasool Jatoi in the jurisdiction of Rustam police station on late Sunday night. According to police report reached here on Monday, a g
Published 18 May, 2010 12:00am
VAT extended to AJK, Gilgit-Baltistan, tribal areas

VAT extended to AJK, Gilgit-Baltistan, tribal areas

The federal government has decided to extend Value Added Tax to Federally Administered Tribal Areas (Fata), Provincially Administered Tribal Areas (Pata), Azad Jammu and Kashmir and Gilgit Baltistan from July 1, 2010.
Published 18 May, 2010 12:00am
VAT extended to AJK, Gilgit-Baltistan, tribal areas

VAT extended to AJK, Gilgit-Baltistan, tribal areas

The federal government has decided to extend Value Added Tax to Federally Administered Tribal Areas (Fata), Provincially Administered Tribal Areas (Pata), Azad Jammu and Kashmir and Gilgit Baltistan from July 1, 2010.
Published 18 May, 2010 12:00am
Income tax audit: FBR to issue SOP for officials

Income tax audit: FBR to issue SOP for officials

The Federal Board of Revenue will issue a standard operating procedure (SOP) for income tax officials for carrying out audit in a transparent manner under the amended section 177 of the Income Tax Ordinance 2001 through Finance Amendment Ordinance. It has
Published 18 May, 2010 12:00am
Income tax audit: FBR to issue SOP for officials

Income tax audit: FBR to issue SOP for officials

The Federal Board of Revenue will issue a standard operating procedure (SOP) for income tax officials for carrying out audit in a transparent manner under the amended section 177 of the Income Tax Ordinance 2001 through Finance Amendment Ordinance. It has
Published 18 May, 2010 12:00am
Income tax audit: FBR to issue SOP for officials

Income tax audit: FBR to issue SOP for officials

The Federal Board of Revenue will issue a standard operating procedure (SOP) for income tax officials for carrying out audit in a transparent manner under the amended section 177 of the Income Tax Ordinance 2001 through Finance Amendment Ordinance. It has
Published 18 May, 2010 12:00am
Index plunges 237.95 points

Index plunges 237.95 points

The KSE-100 index on Monday plunged by 237.95 points to close at 10,033.76 points level due to investors concerns over the bearish trend in regional markets and declining oil prices in the international market. The foreign selling in some major stocks and
Published 18 May, 2010 12:00am
Index plunges 237.95 points

Index plunges 237.95 points

The KSE-100 index on Monday plunged by 237.95 points to close at 10,033.76 points level due to investors concerns over the bearish trend in regional markets and declining oil prices in the international market. The foreign selling in some major stocks and
Published 18 May, 2010 12:00am
Index plunges 237.95 points

Index plunges 237.95 points

The KSE-100 index on Monday plunged by 237.95 points to close at 10,033.76 points level due to investors concerns over the bearish trend in regional markets and declining oil prices in the international market. The foreign selling in some major stocks and
Published 18 May, 2010 12:00am
BRIndex30 sheds 234.69 points

BRIndex30 sheds 234.69 points

On Monday, BRIndex30 opened at 8,328.84 and remained negative throughout the trading session with a general downward trend. It touched an intraday high of 8,331.18 and an intraday low of 8,086.27 and closed at 8,094.15, which is -234.69 points or -2.82 pe
Published 18 May, 2010 12:00am
BRIndex30 sheds 234.69 points

BRIndex30 sheds 234.69 points

On Monday, BRIndex30 opened at 8,328.84 and remained negative throughout the trading session with a general downward trend. It touched an intraday high of 8,331.18 and an intraday low of 8,086.27 and closed at 8,094.15, which is -234.69 points or -2.82 pe
Published 18 May, 2010 12:00am
Rs 435 per ton cut in furnace oil price

Rs 435 per ton cut in furnace oil price

Oil Marketing Companies (OMCs) have announced to cut furnace oil price by Rs 435 per ton in the domestic market due to the continuous declining trend in the world oil prices, dealers said. They said after the price cut by the oil refineries, all leading o
Published 18 May, 2010 12:00am
THE RUPEE: dollar on upward march

THE RUPEE: dollar on upward march

The dollar maintained its surge against the rupee on the local currency market as the importers were active to cover the forward buying of the US currency, money experts said. On the interbank market the rupee fell by 10 paisa versus dollar for buying and
Published 18 May, 2010 12:00am
FDI registers 45 percent decline in July-April

FDI registers 45 percent decline in July-April

Foreign Direct Investment (FDI) registered a massive decline of 45 percent during the first 10 months of current fiscal year mainly due to poor infrastructure and global economic rescission. Analysts said the halted privatisation process due to global eco
Published 18 May, 2010 12:00am
THE RUPEE: dollar on upward march

THE RUPEE: dollar on upward march

The dollar maintained its surge against the rupee on the local currency market as the importers were active to cover the forward buying of the US currency, money experts said. On the interbank market the rupee fell by 10 paisa versus dollar for buying and
Published 18 May, 2010 12:00am
Government decides to eliminate subsidy on agriculture tube wells

Government decides to eliminate subsidy on agriculture tube wells

The government has decided to eliminate subsidy on agriculture tube-wells from next fiscal as part of its commitment with the international financial institutions despite stiff resistance by Balochistan and Khyber Pakhtunkhwa (KP), well-informed sources i
Published 18 May, 2010 12:00am
July-April current account deficit reduced by 66 percent

July-April current account deficit reduced by 66 percent

The country's current account deficit has narrowed down by 66 percent in first 10 months of current fiscal year mainly due to decline in the twin trade deficit and rising remittances inflows. Decrease in the current account deficit has occurred due to ris
Published 18 May, 2010 12:00am
Bearish sentiments dominate LSE

Bearish sentiments dominate LSE

Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Monday where equities registered losses across the board in the absence of buyers' support while big players also remained on the sideline. The LSE-25 index was declined to 3167.70 against
Published 18 May, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 17, 2010).

Published 18 May, 2010 12:00am
Bearish sentiments dominate LSE

Bearish sentiments dominate LSE

Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Monday where equities registered losses across the board in the absence of buyers' support while big players also remained on the sideline. The LSE-25 index was declined to 3167.70 against
Published 18 May, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 17, 2010).

Published 18 May, 2010 12:00am
Obama signs Freedom of Press Act

Obama signs Freedom of Press Act

President Barack Obama has signed a US law intended to provide more protections for a free press around the world. The law, the Daniel Pearl Freedom of Press Act, expands efforts to identify countries where press freedom is being violated. The law is name
Published 18 May, 2010 12:00am
Obama signs Freedom of Press Act

Obama signs Freedom of Press Act

President Barack Obama has signed a US law intended to provide more protections for a free press around the world. The law, the Daniel Pearl Freedom of Press Act, expands efforts to identify countries where press freedom is being violated. The law is name
Published 18 May, 2010 12:00am
At least 35 killed in Indian bus bombing

At least 35 killed in Indian bus bombing

Maoist rebels blew up a bus filled with police and civilians Monday as it drove through central India, killing at least 35 people, police said. Nineteen civilians and 16 police officers were killed in the attack that took place in the state of Chhattisgar
Published 18 May, 2010 12:00am
At least 35 killed in Indian bus bombing

At least 35 killed in Indian bus bombing

Maoist rebels blew up a bus filled with police and civilians Monday as it drove through central India, killing at least 35 people, police said. Nineteen civilians and 16 police officers were killed in the attack that took place in the state of Chhattisgar
Published 18 May, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 07th May, 2010.

Published 18 May, 2010 12:00am
Plane with 43 on board crashes in Afghanistan

Plane with 43 on board crashes in Afghanistan

A local Pamir Airways plane with 38 passengers and five crew on board, including six foreigners, crashed in Afghanistan on Monday in the inaccessible mountainous Hindu Kush region near Kabul, officials said. The airplane was en route from the northern cit
Published 18 May, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 07th May, 2010.

Published 18 May, 2010 12:00am
Plane with 43 on board crashes in Afghanistan

Plane with 43 on board crashes in Afghanistan

A local Pamir Airways plane with 38 passengers and five crew on board, including six foreigners, crashed in Afghanistan on Monday in the inaccessible mountainous Hindu Kush region near Kabul, officials said. The airplane was en route from the northern cit
Published 18 May, 2010 12:00am
Four killed in bus-coach collision

Four killed in bus-coach collision

Four persons were killed and 15 other critically wounded when a Swat bound bus collided with the flying coach near Thana on Monday, police said. The bus was on its way to Mingora, Swat from Karachi when it reaches near Thana, it hit the flying coach comin
Published 18 May, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (May 17, 2010).

Published 18 May, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (May 17, 2010).

Published 18 May, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (May 17, 2010).

Published 18 May, 2010 12:00am
NAB convenes meeting of its legal team today

NAB convenes meeting of its legal team today

National Accountability Bureau Chairman Navid Ahsan has convened a meeting of the NAB's legal team to evolve a strategy after Lahore High Court restored the sentence of Rehman Malik, awarded by the Accountability Court. Meeting of the legal team will be h
Published 18 May, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (May 17, 2010).

Published 18 May, 2010 12:00am
Education sector never given due attention: Gilani

Education sector never given due attention: Gilani

Prime Minister Syed Yousaf Raza Gilani has deplored that education has been a grossly neglected area in Pakistan, as state of the art educational policies were made every now and then but were never implemented. Gilani was speaking here on Monday at the t
Published 18 May, 2010 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (May 17, 2010).

Published 18 May, 2010 12:00am
One soldier, 19 Taliban killed in clashes

One soldier, 19 Taliban killed in clashes

Taliban militants attacked a security checkpost in a north-western region on Monday, sparking clashes in which 19 insurgents and one soldier were killed, officials said. The fighting took place in Orakzai,where security forces have stepped up operations a
Published 18 May, 2010 12:00am
One gunned down in Noshki

One gunned down in Noshki

One person was killed while another sustained serious injuries when unknown armed men opened fire at their vehicle near Noshki on Monday. Local police said the victims identified as Shaan and Junaid, residents of Karachi, were on their way to Quetta from
Published 18 May, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (May 17, 2010).

Published 18 May, 2010 12:00am
Man killed over petty matter

Man killed over petty matter

A man shot dead one Qaiser Shah in Bani Gala in outskirts of Islamabad and managed to escape. Bara Kahu Police Station registered a case against the murderer Ishaq Khan, but he was not arrested till filing of this report. According to eye-witnesses Qaiser
Published 18 May, 2010 12:00am
Pakistan wants long-term relations with EU: Qureshi

Pakistan wants long-term relations with EU: Qureshi

Foreign Minister Shah Mehmood Qureshi has said that Pakistan wants long-term relations with the European Union (EU) and the forthcoming EU conference about Pakistan would further strengthen political and economic relations with the EU. The Foreign Ministe
Published 18 May, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (May 17, 2010).

Published 18 May, 2010 12:00am
Fehmida Mirza meets UAE Speaker

Fehmida Mirza meets UAE Speaker

UAE and Pakistan enjoyed extremely close and fraternal relations based on common faith, traditions, deep-rooted cultural affinities, geographic proximity and identity of interests. This was stated by Dr Fehmida Mirza, Speaker National Assembly during her
Published 18 May, 2010 12:00am
Hypertension: a silent killer: World Hypertension Day observed

Hypertension: a silent killer: World Hypertension Day observed

Speakers at different functions held in connection with "World Hypertension Day" observed here on Monday like other parts of the world called for adopting healthy lifestyle to check rising burden of diseases. More than one billion people are suffering fro
Published 18 May, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 17, 2010).

Published 18 May, 2010 12:00am
Irish trainers conduct workshops at UHS

Irish trainers conduct workshops at UHS

A team of facilitators and trainers from Ireland is conducting two workshops at University of Health Sciences (UHS). A spokesman of UHS said on Monday that the main objectives of these workshops were to train participants from all over the provinces of Pa
Published 18 May, 2010 12:00am
Seven million people die of hypertension disease yearly in world

Seven million people die of hypertension disease yearly in world

Dr Saeedul Majeed, convenor Pakistan Hypertension League, Peshawar said that hypertension is deadliest disease of the world taking the lives of 7 million people annually in the world. Addressing a free medical camp held in connection with World Hyper-Tens
Published 18 May, 2010 12:00am
Over a dozen hurt in two student groups' clash

Over a dozen hurt in two student groups' clash

More than dozen students were injured during a violent clash between two student groups in Federal Urdu University of Arts, Science and Technology (FUUAST) here on Monday. Both groups resorted to aerial firing on each other, but timely action of law enfor
Published 18 May, 2010 12:00am
Police bust outlaws gang, arrest three

Police bust outlaws gang, arrest three

CIA Police Iqbal Town have arrested three accused involved in street crime, dacoity, robbery and theft, besides recovering cash, mobile phone and illegal weapons from them. The accused confessed to committing as many as 9 incidents of street crimes in the
Published 18 May, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (May 17, 2010) and for Tuesday (May 18, 2010)
Published 18 May, 2010 12:00am
Democracy in need of an overhaul

Democracy in need of an overhaul

The pet line of democracy lovers is that even the worst of it is better than any other governance system. In reality though, all governance systems are flawed; democracy is only the least flawed of them. But the way the 'exemplary' democracies performed i
Published 18 May, 2010 12:00am
Schools to take part in tree plantation ceremony

Schools to take part in tree plantation ceremony

Around 40 schools have signed up to take part in special tree planting ceremony under the Azme Alishan Initiative, designed to symbolise a commitment to build better and bright future of the nation.
Published 18 May, 2010 12:00am
Qayyum Jatoi refuses to withdraw resignation

Qayyum Jatoi refuses to withdraw resignation

Federal Minister for Defence Production Abdul Qayyum Khan Jatoi, who has resigned from the federal cabinet after defeat of the Pakistan People's Party (PPP) candidate in the by-elections on Saturday from the constituency belonging to his district, has ref
Published 18 May, 2010 12:00am
Consumers in urban areas face power outages of 10 hours daily

Consumers in urban areas face power outages of 10 hours daily

After a brief spell, it is back to usual way for consumers as power outages once again soared from 8 to 10 hours daily in urban areas. For the last 24 hours, loadshedding has once again increased substantially amid rising mercury level. Nevertheless, the
Published 18 May, 2010 12:00am
Government evolves strategy to reduce mother-child mortality rate

Government evolves strategy to reduce mother-child mortality rate

Federal Minister for Population Welfare Dr Firdous Ashiq Awan has said a strategy has been evolved to reduce mother-child mortality rate in the country. In an interview with Business Recorder here on Monday she disclosed that three mega projects wo
Published 18 May, 2010 12:00am
Smeda assures agriculture, livestock body of support

Smeda assures agriculture, livestock body of support

Small and Medium Enterprises Development Authority (Smeda) Chief Executive Officer, Shahid Rashid Monday assured the Federation of Pakistan Chambers of Agriculture that the authority would continue its support to develop the agriculture and livestock sect
Published 18 May, 2010 12:00am
'Pakistan to overcome its economic problems soon'

'Pakistan to overcome its economic problems soon'

An American writer and intellectual, David Albert Westbrook has said Pakistan will be able to resolve its economic problems in near future. "I am optimistic about the future of Pakistan and as a professor at a University in the US I would like to study th
Published 18 May, 2010 12:00am
Rally demands release of Dr Aafia

Rally demands release of Dr Aafia

Pasban Pakistan staged a demonstration in front of Multan Press Club under the leadership of Umar Mughal, organiser of Pasban. Participants were carrying placards and banners inscribed with slogans," Release Dr Aafia Siddiqui, Daughter of Pakistan is stil
Published 18 May, 2010 12:00am
Petition seeking disqualification: LHC issues notice to MNA for May 31

Petition seeking disqualification: LHC issues notice to MNA for May 31

The Lahore High Court (LHC) on Monday issued notice to MNA Amir Yar for May 31, in a petition challenging his academic degrees. The petitioner Muhammad Arshad Pirzada, a voter of the same constituency NA-184, Bahawalpur, through his counsel Aftab Ahmad Ba
Published 18 May, 2010 12:00am
KCR project: 're-lending' issue hampering approval

KCR project: 're-lending' issue hampering approval

The Karachi Circular Railway (KCR) project, is likely to be approved by President Asif Ali Zardari shortly, is feared not to be implemented if it is approved without solving the issue of "re-lending" of around $1.58 billion by the Japanese government.
Published 18 May, 2010 12:00am
ABL assigned Ba3 GLC rating by Moody's

ABL assigned Ba3 GLC rating by Moody's

Moody's Investors Service has assigned Ba3/Not-Prime global local currency (GLC) deposit ratings, B3/Not-Prime foreign currency deposit ratings and a D- bank financial strength rating (BFSR) to Allied Bank Limited. All ratings carry a stable outlook.
Published 18 May, 2010 12:00am
Demand for hike in fares: Karachi transporters to go on strike on May 25

Demand for hike in fares: Karachi transporters to go on strike on May 25

The city transporters have announced to observe a complete wheel-jam strike on May 25 if Sindh government did not issue a notification for increase in public transport fares by May 24, 2010. This was decided at a meeting of Karachi Transport Ittehad (KTI)
Published 18 May, 2010 12:00am
Automobile makers foresee bleak future

Automobile makers foresee bleak future

The present economic scenario for automobile car manufacturers does not seem very encouraging and bright. According to Pakistan Automobile Manufacturer Association (PAMA), since the local automobile manufacturing plants are a key source of employment gene
Published 18 May, 2010 12:00am
Understanding our predicament

Understanding our predicament

The International Monetary Fund is neither a pushover, nor is known for its charitable attitude. In fact, it is usually very strict in dealing with its developing member countries and terminates its facilities whenever any violation of agreed conditionali
Published 18 May, 2010 12:00am
USA's Afghan strategy and Pakistan

USA's Afghan strategy and Pakistan

Afghan President Hamid Karzai has been in the US to discuss the progress of Washington's new strategy, which aims at the reintegration of the Taliban foot soldiers through monetary and other incentives, and reconciliation with the leadership.
Published 18 May, 2010 12:00am
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