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Print - 2010-08-19
OIC appeals for urgent aid

OIC appeals for urgent aid

The Organisation of the Islamic Conference on Wednesday called on member states and the international community to supply urgent aid to Pakistan, which is grappling with devastating floods. The OIC called in a communiqué for the "international community i
Published 19 Aug, 2010 12:00am
Land record partially destroyed

Land record partially destroyed

The government has to take immediate measures to save the land record partially destroyed or washed away by the devastating floods across the country as problems of demarcation will crop up when the water recedes in the areas under water. A government off
Published 19 Aug, 2010 12:00am
Land record partially destroyed

Land record partially destroyed

The government has to take immediate measures to save the land record partially destroyed or washed away by the devastating floods across the country as problems of demarcation will crop up when the water recedes in the areas under water. A government off
Published 19 Aug, 2010 12:00am
Land record partially destroyed

Land record partially destroyed

The government has to take immediate measures to save the land record partially destroyed or washed away by the devastating floods across the country as problems of demarcation will crop up when the water recedes in the areas under water. A government off
Published 19 Aug, 2010 12:00am
Flood relief activities: government borrows Rs 103 billion in a week

Flood relief activities: government borrows Rs 103 billion in a week

The floods across the country have created serious financial difficulties for the government and forced it to use the central bank''s borrowing window for carrying out relief activities. The State Bank of Pakistan on Wednesday said that Rs 103 billion has
Published 19 Aug, 2010 12:00am
Flood relief activities: government borrows Rs 103 billion in a week

Flood relief activities: government borrows Rs 103 billion in a week

The floods across the country have created serious financial difficulties for the government and forced it to use the central bank's borrowing window for carrying out relief activities. The State Bank of Pakistan on Wednesday said that Rs 103 billion has
Published 19 Aug, 2010 12:00am
Flood relief activities: government borrows Rs 103 billion in a week

Flood relief activities: government borrows Rs 103 billion in a week

The floods across the country have created serious financial difficulties for the government and forced it to use the central bank's borrowing window for carrying out relief activities. The State Bank of Pakistan on Wednesday said that Rs 103 billion has
Published 19 Aug, 2010 12:00am
15 percent of cotton crop lost: ICAC

15 percent of cotton crop lost: ICAC

Pakistan lost 15 percent of its cotton crop to flooding, an international farm group estimated, which would reduce the harvest to 1.9 million tonnes. The International Cotton Advisory Committee secretariat said in a statement on Tuesday that "best guesses
Published 19 Aug, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 18, 2010).

Published 19 Aug, 2010 12:00am
15 percent of cotton crop lost: ICAC

15 percent of cotton crop lost: ICAC

Pakistan lost 15 percent of its cotton crop to flooding, an international farm group estimated, which would reduce the harvest to 1.9 million tonnes. The International Cotton Advisory Committee secretariat said in a statement on Tuesday that "best guesses
Published 19 Aug, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 18, 2010).

Published 19 Aug, 2010 12:00am
15 percent of cotton crop lost: ICAC

15 percent of cotton crop lost: ICAC

Pakistan lost 15 percent of its cotton crop to flooding, an international farm group estimated, which would reduce the harvest to 1.9 million tonnes. The International Cotton Advisory Committee secretariat said in a statement on Tuesday that "best guesses
Published 19 Aug, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 18, 2010).

Published 19 Aug, 2010 12:00am
ADB to offer $2 billion loan

ADB to offer $2 billion loan

The Asian Development Bank will offer Pakistan a $2bn emergency loan to help repair massive damage to infrastructure caused by the country''s recent floods, according to Financial Times. "Juan Miranda, the bank''s director-general for central and west Asi
Published 19 Aug, 2010 12:00am
ADB to offer $2 billion loan

ADB to offer $2 billion loan

The Asian Development Bank will offer Pakistan a $2bn emergency loan to help repair massive damage to infrastructure caused by the country's recent floods, according to Financial Times. "Juan Miranda, the bank's director-general for central and west Asia,
Published 19 Aug, 2010 12:00am
ADB to offer $2 billion loan

ADB to offer $2 billion loan

The Asian Development Bank will offer Pakistan a $2bn emergency loan to help repair massive damage to infrastructure caused by the country's recent floods, according to Financial Times. "Juan Miranda, the bank's director-general for central and west Asia,
Published 19 Aug, 2010 12:00am
Centre not serious to resolve ''RGST'' issue: Sindh

Centre not serious to resolve ''RGST'' issue: Sindh

Sindh has accused the federal government of not being serious in resolving the issue of ''reformed general sales tax'' (GST) as the Centre has yet to convene a meeting to deal with Sindh''s reservations. An official of Sindh government said that all techn
Published 19 Aug, 2010 12:00am
Centre not serious to resolve 'RGST' issue: Sindh

Centre not serious to resolve 'RGST' issue: Sindh

Sindh has accused the federal government of not being serious in resolving the issue of 'reformed general sales tax' (GST) as the Centre has yet to convene a meeting to deal with Sindh's reservations. An official of Sindh government said that all technica
Published 19 Aug, 2010 12:00am
Centre not serious to resolve 'RGST' issue: Sindh

Centre not serious to resolve 'RGST' issue: Sindh

Sindh has accused the federal government of not being serious in resolving the issue of 'reformed general sales tax' (GST) as the Centre has yet to convene a meeting to deal with Sindh's reservations. An official of Sindh government said that all technica
Published 19 Aug, 2010 12:00am
SBP devising new microfinance strategy

SBP devising new microfinance strategy

Acting Governor State Bank of Pakistan (SBP) Yaseen Anwar has said that the central bank is working on a new Microfinance Strategy with a greater focus on "inclusive financial services" that will enable the sector to cope with emerging challenges.
Published 19 Aug, 2010 12:00am
SBP devising new microfinance strategy

SBP devising new microfinance strategy

Acting Governor State Bank of Pakistan (SBP) Yaseen Anwar has said that the central bank is working on a new Microfinance Strategy with a greater focus on "inclusive financial services" that will enable the sector to cope with emerging challenges.
Published 19 Aug, 2010 12:00am
SBP devising new microfinance strategy

SBP devising new microfinance strategy

Acting Governor State Bank of Pakistan (SBP) Yaseen Anwar has said that the central bank is working on a new Microfinance Strategy with a greater focus on "inclusive financial services" that will enable the sector to cope with emerging challenges.
Published 19 Aug, 2010 12:00am
BRIndex30 up 20.16 points

BRIndex30 up 20.16 points

On Wednesday, the BRIndex30 opened at 7,549.37 points, and remained in positive for most of the trading time. It touched the intra-day high of 7,631.14 points and low of 7,536.51 points and closed at 7,569.53 points with a net positive change of 20.16 poi
Published 19 Aug, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (August 18, 2010).

Published 19 Aug, 2010 12:00am
BRIndex30 up 20.16 points

BRIndex30 up 20.16 points

On Wednesday, the BRIndex30 opened at 7,549.37 points, and remained in positive for most of the trading time. It touched the intra-day high of 7,631.14 points and low of 7,536.51 points and closed at 7,569.53 points with a net positive change of 20.16 poi
Published 19 Aug, 2010 12:00am
Index gains 27.11 points

Index gains 27.11 points

The KSE-100 index on Wednesday gained 27.11 points and closed at the level of 9,705.00 on the back of continuous interest of investors in some select stocks. After positive opening the index hit 9,766.29 points intra-day high level, up 88.41 points. The i
Published 19 Aug, 2010 12:00am
Index gains 27.11 points

Index gains 27.11 points

The KSE-100 index on Wednesday gained 27.11 points and closed at the level of 9,705.00 on the back of continuous interest of investors in some select stocks. After positive opening the index hit 9,766.29 points intra-day high level, up 88.41 points. The i
Published 19 Aug, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (August 18, 2010).

Published 19 Aug, 2010 12:00am
Index gains 27.11 points

Index gains 27.11 points

The KSE-100 index on Wednesday gained 27.11 points and closed at the level of 9,705.00 on the back of continuous interest of investors in some select stocks. After positive opening the index hit 9,766.29 points intra-day high level, up 88.41 points. The i
Published 19 Aug, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (August 18, 2010).
Published 19 Aug, 2010 12:00am
Foreign investment in stocks in August amounts to $34 million

Foreign investment in stocks in August amounts to $34 million

A net inflow of $34 million of foreign investors'' portfolio investment was witnessed at the local equity market during the 12 trading sessions in August in spite of dwindling volume and panic-like selling by locals, analysts said. "One thing which came o
Published 19 Aug, 2010 12:00am
Foreign investment in stocks in August amounts to $34 million

Foreign investment in stocks in August amounts to $34 million

A net inflow of $34 million of foreign investors' portfolio investment was witnessed at the local equity market during the 12 trading sessions in August in spite of dwindling volume and panic-like selling by locals, analysts said. "One thing which came ou
Published 19 Aug, 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 Wednesday (August 18, 2010).

Published 19 Aug, 2010 12:00am
Foreign investment in stocks in August amounts to $34 million

Foreign investment in stocks in August amounts to $34 million

A net inflow of $34 million of foreign investors' portfolio investment was witnessed at the local equity market during the 12 trading sessions in August in spite of dwindling volume and panic-like selling by locals, analysts said. "One thing which came ou
Published 19 Aug, 2010 12:00am
FBR forms three sub-groups of RCG

FBR forms three sub-groups of RCG

The Federal Board of Revenue (FBR) has constituted three sub-groups of the ''Reform Co-ordination Group'' (RCG) to obtain input of experts on modern tax reforms strategy and measures to raise tax-to-GDP ratio. In this connection, FBR issued an office orde
Published 19 Aug, 2010 12:00am
FBR forms three sub-groups of RCG

FBR forms three sub-groups of RCG

The Federal Board of Revenue (FBR) has constituted three sub-groups of the 'Reform Co-ordination Group' (RCG) to obtain input of experts on modern tax reforms strategy and measures to raise tax-to-GDP ratio. In this connection, FBR issued an office order
Published 19 Aug, 2010 12:00am
FBR forms three sub-groups of RCG

FBR forms three sub-groups of RCG

The Federal Board of Revenue (FBR) has constituted three sub-groups of the 'Reform Co-ordination Group' (RCG) to obtain input of experts on modern tax reforms strategy and measures to raise tax-to-GDP ratio. In this connection, FBR issued an office order
Published 19 Aug, 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 (August 18, 2010).

Published 19 Aug, 2010 12:00am
Computation of CGT on shares trading: FBR issues comprehensive procedure

Computation of CGT on shares trading: FBR issues comprehensive procedure

The Federal Board of Revenue (FBR) has issued comprehensive procedure for computation of capital gain tax (CGT) on shares trading at the stock exchanges to clarify issues related to acquisition and disposal dates of shares. The FBR draft rules have clarif
Published 19 Aug, 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 (August 18, 2010).

Published 19 Aug, 2010 12:00am
Computation of CGT on shares trading: FBR issues comprehensive procedure

Computation of CGT on shares trading: FBR issues comprehensive procedure

The Federal Board of Revenue (FBR) has issued comprehensive procedure for computation of capital gain tax (CGT) on shares trading at the stock exchanges to clarify issues related to acquisition and disposal dates of shares. The FBR draft rules have clarif
Published 19 Aug, 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 (August 18, 2010).

Published 19 Aug, 2010 12:00am
Computation of CGT on shares trading: FBR issues comprehensive procedure

Computation of CGT on shares trading: FBR issues comprehensive procedure

The Federal Board of Revenue (FBR) has issued comprehensive procedure for computation of capital gain tax (CGT) on shares trading at the stock exchanges to clarify issues related to acquisition and disposal dates of shares. The FBR draft rules have clarif
Published 19 Aug, 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 19 Aug, 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 19 Aug, 2010 12:00am
New York cotton

New York cotton

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

Published 19 Aug, 2010 12:00am
Joint economic projects to be pursued: Sochi summit adopts declaration

Joint economic projects to be pursued: Sochi summit adopts declaration

The presidents of Pakistan, Afghanistan and Russia agreed on Wednesday to pursue joint economic projects to help bring stability to the volatile region as they met for a rare regional summit. The four-way summit, which also involved Tajikistan, adopted a
Published 19 Aug, 2010 12:00am
New York cotton

New York cotton

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

Published 19 Aug, 2010 12:00am
Joint economic projects to be pursued: Sochi summit adopts declaration

Joint economic projects to be pursued: Sochi summit adopts declaration

The presidents of Pakistan, Afghanistan and Russia agreed on Wednesday to pursue joint economic projects to help bring stability to the volatile region as they met for a rare regional summit. The four-way summit, which also involved Tajikistan, adopted a
Published 19 Aug, 2010 12:00am
Joint economic projects to be pursued: Sochi summit adopts declaration

Joint economic projects to be pursued: Sochi summit adopts declaration

The presidents of Pakistan, Afghanistan and Russia agreed on Wednesday to pursue joint economic projects to help bring stability to the volatile region as they met for a rare regional summit. The four-way summit, which also involved Tajikistan, adopted a
Published 19 Aug, 2010 12:00am
US Midwest soya and corn bids firmer

US Midwest soya and corn bids firmer

Soyabean and corn basis were bids slightly firmer on Tuesday at river locations around the US Midwest as farmers sold very small loads, grain merchants said. Meanwhile, wheat bids were flat. Corn bids rose 3 to 3-1/2 cents per bushel on the Mississippi Ri
Published 19 Aug, 2010 12:00am
The Nowhere Bomb: should Israel come out of the nuclear closet?

The Nowhere Bomb: should Israel come out of the nuclear closet?

Bennett Ramberg, who has served as a foreign policy analyst and a consultant to the Department of State, US Senate, Nuclear Control Institute, Henry Stimson Center, Global Green and Committee to Bridge the Gap, in his article carried by The New Republic o
Published 19 Aug, 2010 12:00am
China to hold second corn auction on Friday to cool prices

China to hold second corn auction on Friday to cool prices

China will hold a rare second weekly corn auction on Friday to meet robust domestic demand from feed mills, after domestic futures rose to a record high this week and global prices gain on adverse weather events. The government will offer another 400,000
Published 19 Aug, 2010 12:00am
The Nowhere Bomb: should Israel come out of the nuclear closet?

The Nowhere Bomb: should Israel come out of the nuclear closet?

Bennett Ramberg, who has served as a foreign policy analyst and a consultant to the Department of State, US Senate, Nuclear Control Institute, Henry Stimson Center, Global Green and Committee to Bridge the Gap, in his article carried by The New Republic o
Published 19 Aug, 2010 12:00am
Good weather, prices boost Ivorian cocoa production

Good weather, prices boost Ivorian cocoa production

Cocoa farmers in the west Ivory Coast growing region of Sassandra are predicting this season's crop, boosted by good weather, will comfortably beat the previous year's and next season will start with a surge. Futures markets are keenly watching the world'
Published 19 Aug, 2010 12:00am
Canadian canola futures down

Canadian canola futures down

ICE Canadian canola futures ended lower on Tuesday as the Canadian dollar pushed higher and dampened buying interest, traders said. Higher dollar weakens crush margins and makes exports less attractive, but market underpinned by talk of export business-tr
Published 19 Aug, 2010 12:00am
Plastic mouldings mixed on Jodia Bazar

Plastic mouldings mixed on Jodia Bazar

The trading in plastic moulding compounds closed mixed on Jodia Bazar here on Wednesday. The following changes were noted.
Published 19 Aug, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 93,659 tonnes of cargo including 74,856 tonnes of import cargo, 18,803 tonnes of export cargo, 4,040 loaded and empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 74,856 tonnes compri
Published 19 Aug, 2010 12:00am
US wheat drops for third day

US wheat drops for third day

US wheat futures fell for the third straight day on Tuesday, with the benchmark Chicago contract shedding 1.9 percent to hit a 2-1/2-week low, as investors took more profits from the market's recent surge to two-year highs on crop worries in the drought-s
Published 19 Aug, 2010 12:00am
Oil cake market rates

Oil cake market rates

Bullish trend was seen on the forward cottonseed oilcake market on Wednesday in the process of trading, dealers said. The July contract that ended at Rs 996.20 opened with a rise of 60 paisa at Rs 996.80, dealers said. The December vaida which closed at R
Published 19 Aug, 2010 12:00am
Prices may ease on India's new cotton export policy

Prices may ease on India's new cotton export policy

Firm trend was seen on the cotton market on Wednesday following the new Indian policy, in which it permitted to export cotton without mandatory licences, but registration process will be required, dealers said. The Karachi Cotton Association (KCA) officia
Published 19 Aug, 2010 12:00am
Moong Punjab, grams prices up on grain market

Moong Punjab, grams prices up on grain market

Moong and grams prices were sharply higher on the wholesale grain and seed market on Wednesday, dealers said. On the cereal side, moong from Punjab went up sharply, gaining Rs 500 to Rs 10250 due to damage to millions of farm and agriculture products, inc
Published 19 Aug, 2010 12:00am
Spain eases austerity as borrowing costs fall

Spain eases austerity as borrowing costs fall

Spain will ease cuts in public works spending by 500 million euros next year and aims to fund the change through lower borrowing costs, Economy Minister Elena Salgado said on Wednesday. Previously the government had announced 6.4 billion euros in cuts in
Published 19 Aug, 2010 12:00am
Greek tourism revenues drop nearly 25 percent in two years

Greek tourism revenues drop nearly 25 percent in two years

Greece's tourism receipts have dropped by nearly a quarter in the past two years, central bank data showed on Wednesday, with strikes and violent protests dragging down a key sector already hit by the global crisis. Greece counts on its sun-drenched beach
Published 19 Aug, 2010 12:00am
Russia companies give in to heat, consumers spend

Russia companies give in to heat, consumers spend

Russian companies slashed investment and put building projects on hold in the face of a record heatwave in July, but retail sales growth accelerated despite toxic smoke in Moscow, data showed on Wednesday. Consumer prices rose 0.2 percent for the second w
Published 19 Aug, 2010 12:00am
Vestas posts surprise loss

Vestas posts surprise loss

World No 1 wind turbine maker Vestas posted a surprise second-quarter loss and unexpectedly cut its 2010 earnings outlook as customers delayed orders in the wake of the credit crisis. Vestas shares slid 21 percent by 1341 GMT on Wednesday, against a 2.1 p
Published 19 Aug, 2010 12:00am
Vestas posts surprise loss

Vestas posts surprise loss

World No 1 wind turbine maker Vestas posted a surprise second-quarter loss and unexpectedly cut its 2010 earnings outlook as customers delayed orders in the wake of the credit crisis. Vestas shares slid 21 percent by 1341 GMT on Wednesday, against a 2.1 p
Published 19 Aug, 2010 12:00am
Volkswagen sets deal with Mexican workers, avoids strike

Volkswagen sets deal with Mexican workers, avoids strike

German automaker Volkswagen AG struck a deal with workers at its Mexican plant to avoid a strike threatened by the factory's union, the company said on Wednesday. Volkswagen is one of the largest producers in Mexico's auto industry, which is a major suppl
Published 19 Aug, 2010 12:00am
Swiss top financial regulator to step down

Swiss top financial regulator to step down

Switzerland's top financial regulator Eugen Haltiner, who led the banking sector through a crisis that nearly crippled UBS and weakened Swiss bank secrecy, unexpectedly announced he will stand down. Haltiner, a former UBS managing board member, has been c
Published 19 Aug, 2010 12:00am
Global talks to check high jobless rate

Global talks to check high jobless rate

A high-level international conference will be held next month to discuss new strategies to check the steep rise in unemployment resulting from the global economic crisis, the IMF said Wednesday. The conference to be chaired by the heads of the Internation
Published 19 Aug, 2010 12:00am
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