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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-10-06
US MIDDAY: corn, wheat and soya rise

US MIDDAY: corn, wheat and soya rise

A falling US dollar sparked a rally in corn, soybean and wheat futures at the Chicago Board of Trade early on Tuesday as investors looked to commodities as a hedge against inflationary pressures, traders said. CBOT grain and soy complex trends at 10:02 am
Published 06 Oct, 2010 12:00am
US MIDDAY: copper at 26-month top

US MIDDAY: copper at 26-month top

US copper futures settled up at a fresh 26-month peak on Tuesday, driven by encouraging US services sector data and new steps by central banks to fight economic weakness abroad. Copper for December delivery jumped 6.25 cents, or 1.7 percent, to settle at
Published 06 Oct, 2010 12:00am
US MIDDAY: gold jumps nearly two percent

US MIDDAY: gold jumps nearly two percent

Gold jumped nearly 2 percent on Tuesday, its biggest one-day rise since May, resuming its march to record highs as the dollar tumbled and currency market volatility ignited safe-haven buying. Silver surged 3 percent to a 30-year high and platinum group me
Published 06 Oct, 2010 12:00am
Babar and Asma on the same wavelength

Babar and Asma on the same wavelength

Talking in a TV talk-show on the subject of recent lawyer's unrest, an interesting situation developed when Asma Jahangir and Babar Awan were seen arguing in the same wavelength not calling breaking of windows in the premises of Lahore High Court as an at
Published 06 Oct, 2010 12:00am
Wrongdoers on the road

Wrongdoers on the road

Not long ago traffic in Karachi was a nightmare. But because of the construction of a number of fly-overs and traffic corridors, this problem is very much solved. The purpose was to make sure the safety and convenience of citizens.
Published 06 Oct, 2010 12:00am
Who's behind the Stuxnet cyber attack on Iran?

Who's behind the Stuxnet cyber attack on Iran?

The report about a cyber attack on Iran's nuclear programme by the computer worm Stuxnet reads like a chapter from a modern spy novel. The sophisticated, complicated computer virus has targeted, of all places, controversial nuclear facilities in Iran, a c
Published 06 Oct, 2010 12:00am
Rethinking leadership

Rethinking leadership

The newly emerging topic of "Rethinking Leadership" needs to be properly understood for paving the way for its implementation. This piece looks at some of the important aspects listed below:
Published 06 Oct, 2010 12:00am
Chicanery unlimited

Chicanery unlimited

Indeed the Gilani government's law ministry would go down in history as a past master at the art of legal trickery. You mention a legal problem confronting the government and it would come up with a 'solution' - invariably to the great satisfaction of the
Published 06 Oct, 2010 12:00am
Flood Tax for Sindh - pros and cons

Flood Tax for Sindh - pros and cons

A high-level meeting presided over by President Asif Ali Zardari at Bilawal House in Karachi discussed the imposition of a one-time flood tax on valuable urban property as a means to generate additional resources for rehabilitation and reconstruction effo
Published 06 Oct, 2010 12:00am
Four die as house collapses in Danishabad

Four die as house collapses in Danishabad

Four persons, including three women and one girl, died while two others received injuries as a dilapidated house collapsed in Danishabad area on the outskirts of Peshawar on Tuesday. Local people rushed to the site and extricated stranded people from bene
Published 06 Oct, 2010 12:00am
Nokia, Ufone launch N8

Nokia, Ufone launch N8

Nokia and Ufone signed the first of its kind MoU here in Islamabad whereby Ufone shall have the exclusive rights to sell N8 handsets in Pakistan for the first month of sales - the period includes pre-sales booking time as well. This is the first time in P
Published 06 Oct, 2010 12:00am
SHC issues contempt of court notice to TV channel

SHC issues contempt of court notice to TV channel

The Sindh High Court on Tuesday issued Contempt of Court notices to Royal TV, its Chairman, its Directors, its Management and its News Anchor. The Contempt Notices were issued on the application of NBP. NBP through its Senior Counsel Nafees A. Siddiqui an
Published 06 Oct, 2010 12:00am
Shahid Ghaffar elected Mufap chairman

Shahid Ghaffar elected Mufap chairman

Shahid Ghaffar has been elected as the new chairman of Mutual Funds Association of Pakistan (Mufap). The new board of directors of Mufap, in its first meeting also elected Dr Amjad Waheed as vice chairman of the association. According to a press release i
Published 06 Oct, 2010 12:00am
Shahid Ghaffar elected Mufap chairman

Shahid Ghaffar elected Mufap chairman

Shahid Ghaffar has been elected as the new chairman of Mutual Funds Association of Pakistan (Mufap). The new board of directors of Mufap, in its first meeting also elected Dr Amjad Waheed as vice chairman of the association. According to a press release i
Published 06 Oct, 2010 12:00am
Cost hike feared: Floods contribute to KCR project delay

Cost hike feared: Floods contribute to KCR project delay

The devastating flood, which wreck havoc with the infrastructures across the country, has delayed the much waited $1.58 billion Karachi Circular Railway (KCR) project. Many issues related to the foreign-funded project have been left unaddressed as the flo
Published 06 Oct, 2010 12:00am
RCPE holds tele-conference for overseas fellows

RCPE holds tele-conference for overseas fellows

A tele-conference was organised by the Royal College of Physicians Edinburgh (RCPE) for overseas regional advisors, fellows and their colleagues. Khyber Medical College (KMC) actively participated in the telecom conference. The President of RCPE Professor
Published 06 Oct, 2010 12:00am
Power supply to KCR installations: KUTC, KESC may ink MoU today

Power supply to KCR installations: KUTC, KESC may ink MoU today

The Karachi Urban Transport Corporation (KUTC) and Karachi Electric Supply Company (KESC) will sign a Memorandum of Understanding (MoU) for arrangement of electricity to Karachi Circular Railway (KCR) project. The managements of KUTC and KESC have complet
Published 06 Oct, 2010 12:00am
Oracle supports information security convention

Oracle supports information security convention

Organisations across the Pakistani enterprise are growing increasingly dependent on the information they acquire about their markets and customers. Keeping in mind the challenges organisations have in store with regards to Information Security, CSO Pakist
Published 06 Oct, 2010 12:00am
KCCI proposes direct Pak-Bangladesh shipping line

KCCI proposes direct Pak-Bangladesh shipping line

The Karachi Chamber of Commerce and Industry (KCCI) has proposed establishment of direct shipping line between Pakistan and Bangladesh in order to promote commercial and trade links. In a communication to Deputy High Commissioner of Bangladesh, former pre
Published 06 Oct, 2010 12:00am
Pakistanis don't like dictatorship: minister

Pakistanis don't like dictatorship: minister

Provincial Minister for Finance and Planning & Development, Tanvir Ashraf Kaira has said that people of Pakistan are democratic-minded and they do not like dictatorship. We restored democracy in Pakistan by giving a number of scarifies, he said. While tal
Published 06 Oct, 2010 12:00am
Khyber Pakhtunkhwa approves plan for rebuilding of terror ravaged areas

Khyber Pakhtunkhwa approves plan for rebuilding of terror ravaged areas

The provincial cabinet of Khyber Pakhtunkhwa (KP) on Tuesday approved Post Crisis Need Assessment (PCNA) for the rebuilding of the terrorism affected province and Federally Administered Tribal Area (FATA) and inclusion of all languages spoken in the provi
Published 06 Oct, 2010 12:00am
Enercon, NPO sign three accords

Enercon, NPO sign three accords

National Energy Conservation Centre (Enercon), Ministry of Environment and National Productivity Organisation (NPO), Ministry of Industries and Production have entered into three project agreements on Tuesday here at Enercon building. Faridullah Khan, Man
Published 06 Oct, 2010 12:00am
PHA may be granted autonomous status

PHA may be granted autonomous status

The government is likely to grant autonomous status to Pakistan Housing Foundation (PHA) with the objective of enabling it to make quick decisions in administrative, technical, legal and financial matters, sources told Business Recorder here on Tue
Published 06 Oct, 2010 12:00am
Who was behind Pepco dissolution?

Who was behind Pepco dissolution?

The Pakistan Electric Power Company's (Pepco) dissolution plan had reportedly been tailored by a group of anti- Pepco MD Tahir Basharat Cheema group, led by the recently retired Secretary, Water and Power, sources privy to this development told Busines
Published 06 Oct, 2010 12:00am
London bourse invites Waqar to open PCM

London bourse invites Waqar to open PCM

The London Stock Exchange (LSE) has invited Senator Waqar Ahmed Khan Federal Minister for Privatisation to open "Pakistan Capital Market Forum"(PCM) on Friday being held under the auspices of LSE in conjunction with Nomura Dubai at LSE Headquarters. The c
Published 06 Oct, 2010 12:00am
50,000 tons of sugar: PSMA appreciates open market tender by TCP

50,000 tons of sugar: PSMA appreciates open market tender by TCP

Chairman Pakistan Sugar Mills Association (PSMA), Javed Kayani has appreciated the open market tender for 50,000 tons of sugar by Trading Corporation of Pakistan (TCP). He said that in order to keep sugar prices within reasonable limits PSMA had forewarne
Published 06 Oct, 2010 12:00am
Nato supply remains suspended for sixth day

Nato supply remains suspended for sixth day

The Nato supply through Torkham in the Khyber district remained suspended for the sixth day as around 200 tankers and containers are queued at the border point. Khasadars and security forces are providing security to the stranded containers packed with Na
Published 06 Oct, 2010 12:00am
Wapda union stages protest against abolition of Pepco

Wapda union stages protest against abolition of Pepco

Pakistan Wapda Hydro-Electric Central Labour Union Tuesday staged a protest demo against the abolition of Pakistan Electric Power Company (Pepco) and granting autonomy two four power distribution companies in the country.
Published 06 Oct, 2010 12:00am
British Council, HEC to organise 27 training workshops

British Council, HEC to organise 27 training workshops

The British Council in collaboration with the Higher Education Commission (HEC) will organise 27 training workshops on research in the higher education institutions across Pakistan to promote the indigenous research culture. Manager British Council Lahore
Published 06 Oct, 2010 12:00am
Dr Haroon Rashid laid to rest

Dr Haroon Rashid laid to rest

Leading psychiatrist and Head of Psychiatry Department, Fatima Jinnah Medical College & Sir Ganga Ram Hospital, Lahore, and President of Pakistan Psychiatric Society, Professor Dr Haroon Rashid, who died late on Monday at Punjab Institute of Cardiology (P
Published 06 Oct, 2010 12:00am
Aptma chairman hails SNGPL

Aptma chairman hails SNGPL

Chairman All Pakistan Textile Mills Association (APTMA) Gohar Ejaz has appreciated the management of Sui Northern Gas Pipelines Ltd (SNGPL) for efficiently handling the Annual Turn Around (ATA) of gas field in record minimum time and saving textile indust
Published 06 Oct, 2010 12:00am
Phutti arrivals show 15 percent shortfall

Phutti arrivals show 15 percent shortfall

The cotton crop arrivals at the ginneries across the country up to October 1, 2010 have been recorded at 2.617 million bales, showing a shortfall of 15 percent as compared to last year's 3.079 million bales. Pakistan Cotton Ginners Association (PCGA) Chai
Published 06 Oct, 2010 12:00am
LCCI preparing sector-specific proposals

LCCI preparing sector-specific proposals

In view of ongoing economic situation in the country, the Lahore Chamber of Commerce and Industry (LCCI) is preparing sector-specific proposals, which would be forwarded to the concerned government departments very soon. The LCCI President Shahzad Ali Mal
Published 06 Oct, 2010 12:00am
PSC approves budget of over Rs 3.4 billion

PSC approves budget of over Rs 3.4 billion

Board of the Directors of the Punjab Seed Corporation (PSC) has approved an annual budget of over Rs 3.4 billion of the Corporation for the year 2010-11. The budget was approved at the 95th meeting of the Board of Directors held here Tuesday with the Punj
Published 06 Oct, 2010 12:00am
Engineer Sikandar elected Chairman APCA

Engineer Sikandar elected Chairman APCA

Engr. Sikandar Hayat Khattak, Managing Director, M/s Shah Zaman (Pvt) Limited, has been elected unopposed as Chairman of the All Pakistan Contractors Association (APCA) for the year 2010-2011. He was elected at the 13th Annual General Meeting (AGM-2010) o
Published 06 Oct, 2010 12:00am
Consensus amongst provinces developed on RGST: FBR chief

Consensus amongst provinces developed on RGST: FBR chief

Chairman Federal Board of Revenue (FBR) Sohail Ahmad said here on Tuesday that all the four provinces developed a consensus on Reformed General Sales Tax (RGST) and a date of its imposition would be finalised after the return of the Federal Finance Minist
Published 06 Oct, 2010 12:00am
Former UK MP calls on chief minister Punjab

Former UK MP calls on chief minister Punjab

A delegation led by former UK parliamentarian Chaudhry Muhammad Sarwar met Punjab Chief Minister Muhammad Shahbaz Sharif here on Tuesday and discussed relief and rehabilitation of the flood- affected people. According to an official, the Chief Minister in
Published 06 Oct, 2010 12:00am
LHC to hear bail petition, appeal of MPA Suhail from October 11

LHC to hear bail petition, appeal of MPA Suhail from October 11

A division bench of the Lahore High Court from Monday October 11 will hear bail petition and appeal of former MPA Suhail Zia Butt, and father of PML-N MNA Umar Suhail, who is also relative of his party chief Mian Nawaz Sharif challenging his conviction fo
Published 06 Oct, 2010 12:00am
Special Desk to be set up for SMEs: SCCI chief

Special Desk to be set up for SMEs: SCCI chief

The newly elected President of Sialkot Chamber of Commerce and Industry (SCCI) Ghulam Mustafa Chaudhry has vowed to address the problems being confronted by the new and small businessmen of this export-oriented city and hub of cottage industry of the coun
Published 06 Oct, 2010 12:00am
20th anniversary of unification of Germany celebrated

20th anniversary of unification of Germany celebrated

The Embassy of the Federal Republic of Germany celebrated the 20th anniversary of German Unity with great zeal. It was not only a day of celebration but also fund raising event for the victims of floods, which displaced 20 million people. Ambassador of Ge
Published 06 Oct, 2010 12:00am
Saudi Arabia sends another convoy of 220 trucks

Saudi Arabia sends another convoy of 220 trucks

Following the orders of the Custodian of Two Holy Mosques, King Abdullah's Relief Campaign for Pakistani People has dispatched another convoy of 220 trucks carrying relief goods to different flood-affected areas of Pakistan.
Published 06 Oct, 2010 12:00am
Pakistan Steel losses cut by 50 percent: acting CEO

Pakistan Steel losses cut by 50 percent: acting CEO

The Acting Chief Executive Officer (CEO) of Pakistan Steel, Imtiaz Ahmed Lodhi, has said that with the efforts of the corporation's employees, its losses had been cut by 50 percent, to Rs 13 billion, in the fiscal year 2009-10, against Rs 26 billion the M
Published 06 Oct, 2010 12:00am
Pakistan and UAE discuss extradition treaty

Pakistan and UAE discuss extradition treaty

Pakistan and United Arab Emirates on Tuesday discussed strategy to finalise signing of extradition treaty between them for exchange of prisoners. The matter was discussed between Minister for Interior A. Rehman Malik and his UAE counterpart Lieutenant Gen
Published 06 Oct, 2010 12:00am
137th 'World Post Day' on October 9

137th 'World Post Day' on October 9

The 137th "World Post Day" will be celebrated in Pakistan on October 9 in a befitting manner. An official of ministry of postal services informed APP that to celebrate the day, the ministry will hold a function at Postal Staff College, G-8/4 Islamabad.
Published 06 Oct, 2010 12:00am
US police to train NH&MP officials

US police to train NH&MP officials

A team of American Police professionals will impart training to the officers of National Highways and Motorway Police (NH&MP) to combat crime and terrorism, besides controlling law and order situation on motorways/highways.
Published 06 Oct, 2010 12:00am
Farmers to be provided seeds, fertilisers free of cost

Farmers to be provided seeds, fertilisers free of cost

Punjab Chief Minister Shahbaz Sharif has said the Punjab government will provide free seeds and fertilisers to the affected farmers (having up to 25 acres of land) from October 15, which will cost the provincial kitty Rs 8 billion.
Published 06 Oct, 2010 12:00am
167 SOEs privatisation fetches over $9 billion

167 SOEs privatisation fetches over $9 billion

Pakistan's privatisation is the most successful privatisation programme in South Asia, Central Asia and the Middle East, which has fetched over $9 billion, proceeds (Rs 476,421 million) through the privatisation of 167 State Owned Entities (SOEs). It was
Published 06 Oct, 2010 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on October 05, 2010.

Published 06 Oct, 2010 12:00am
Independence of judiciary: Fauzia recounts her party's sacrifices

Independence of judiciary: Fauzia recounts her party's sacrifices

Pakistan Peoples Party (PPP) Secretary Information, Fauzia Wahab said on Tuesday that the party rendered sacrifices for independence of judiciary more than any other political party and those labelling the protesting lawyers as supporters of PPP are incor
Published 06 Oct, 2010 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on October 05, 2010.

Published 06 Oct, 2010 12:00am
Devolution process: Gilani directs completion by June 30, 2011

Devolution process: Gilani directs completion by June 30, 2011

Prime Minister Syed Yousaf Raza Gilani on Tuesday directed that completion of the process of devolution by June 30, 2011 fulfilling commitment of the democratic forces of devolving powers to the provinces, under the 18th amendment. Presiding over a meetin
Published 06 Oct, 2010 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on October 05, 2010.

Published 06 Oct, 2010 12:00am
Asma vows to serve bar members

Asma vows to serve bar members

Presidential candidate for Supreme Court Bar Association (SCBA), Asma Jahangir has vowed to serve the bar members irrespective of their political affiliation. While speaking at a reception Asma said "To serve lawyers is my manifesto."
Published 06 Oct, 2010 12:00am
The Weather

The Weather

The weather report on Tuesday (October 05, 2010) and the forecast for Wednesday (October 06, 2010).

Published 06 Oct, 2010 12:00am
'Sasti Roti scheme rendered Punjab bankrupt'

'Sasti Roti scheme rendered Punjab bankrupt'

Pakistan Muslim League-Q leader and former Punjab Chief Minister, Chaudhry Pervaiz Elahi on Tuesday said useless projects like "Sasti Roti" scheme and setting up of taskforces have rendered Punjab province bankrupt besides putting country's biggest provin
Published 06 Oct, 2010 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 06 Oct, 2010 12:00am
Wapda workers observe Protest Day

Wapda workers observe Protest Day

Water and Power Development Authority (Wapda) workers observed Protest Day on Tuesday all over the country under the aegis of Pakistan Wapda Hydro Electric Central Labour Union (CBA) against increase in electricity prices and breaking up of Pepco.
Published 06 Oct, 2010 12:00am
Advance trauma life support course concludes

Advance trauma life support course concludes

Advance Trauma Life Support (ACLS) course conducted by the College of Physicians and Surgeons Pakistan (CPSP) in collaboration with American Heart Association was concluded here on Tuesday. The course was attended by civil and army medical teachers and sp
Published 06 Oct, 2010 12:00am
Federal counsels' removal case

Federal counsels' removal case

The Lahore High Court (LHC) has sought a reply within three weeks from federal secretary law in a petition against termination of at least 62 "federal counsel" and for the release of their withheld salaries. Advocate Ahsan filed the petition saying the PP
Published 06 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 06 Oct, 2010 12:00am
NAB (Amendment) Ordinance: Law Minister terms allegations 'baseless'

NAB (Amendment) Ordinance: Law Minister terms allegations 'baseless'

The government has termed as baseless all allegations, levelled by the opposition pertaining to the National Accountability (Amendment) Ordinance 2010, and said that it was promulgated within the purview of the Constitution and rules of business.
Published 06 Oct, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 06 Oct, 2010 12:00am
Gunmen stormed mosque killing one

Gunmen stormed mosque killing one

Three Gunmen on Tuesday stormed a mosque in a village (65/15-L) Mian Chunnu and fired at worshippers, killing one and injuring two others, police said. The ambush took place in the village mosque, some 80 kilometres (50 miles) east of Multan. "Three men a
Published 06 Oct, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 05, 2010).

Published 06 Oct, 2010 12:00am
Emirates' A380 launches new route to Hong Kong

Emirates' A380 launches new route to Hong Kong

Emirates airline launched its Airbus A380 which flew into Hong Kong for the first time just hours before a dazzling fireworks display lit up the iconic harbour skyline. With festivities in full swing across the city, the super-jumbo landed at Hong Kong In
Published 06 Oct, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 05, 2010).

Published 06 Oct, 2010 12:00am
Books donated for public library

Books donated for public library

The Asia Foundation Islamabad donated 111 books on literature, mathematics, geography and economics to Government Punjab Public Library on Tuesday with the aim to enrich the collection of this important public library. According to a press release issued
Published 06 Oct, 2010 12:00am
Farmers resent ZTBL decision

Farmers resent ZTBL decision

Anjuman Kashtkaran Punjab (Farmers Association of Punjab) has expressed concerns over Zarai Traqqiati Bank Ltd (ZTBL) alleged policy to stop loaning to farmers. Talking to newsmen here on Tuesday Peerzada Abdul Ali Zakir Usmani said that the recent floods
Published 06 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 05, 2010).

Published 06 Oct, 2010 12:00am
Most important development projects: President seeks release of funds

Most important development projects: President seeks release of funds

President Asif Ali Zardari on Tuesday advised the federal and provincial governments to consider releasing adequate funds to most important and critical developmental projects for early completion rather than spreading the resources too thin on a large nu
Published 06 Oct, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 05, 2010).

Published 06 Oct, 2010 12:00am
Pakistan stability in play with flood aid: UNHCR

Pakistan stability in play with flood aid: UNHCR

A UN refugee official suggested on Tuesday that Pakistan's geopolitical stability was at stake unless international aid accelerates to help about 20 million Pakistanis hit by devastating floods. The office of the UN High Commissioner for Refugees (UNHCR)
Published 06 Oct, 2010 12:00am
Rs 2.19 billion deficit budget of LDA approved

Rs 2.19 billion deficit budget of LDA approved

The Governing Body of Lahore Development Authority (LDA) on Tuesday approved Rs 2.19 billion deficit budget for fiscal year 2010-11; collective income of LDA, Wasa and Tepa has been estimated at Rs 11.29 billion against expected expenditures of Rs 13.48 b
Published 06 Oct, 2010 12:00am
THE RUPEE: dollar turns soft

THE RUPEE: dollar turns soft

The rupee maintained its climb, gaining sharply against dollar on the currency market on Tuesday, dealers said. The rupee rose by eight paisa in relation to dollar for buying and selling at 86.12 and 86.16, they said. Some improvement in the supply of dol
Published 06 Oct, 2010 12:00am
UBL Funds launches new Savings Scheme

UBL Funds launches new Savings Scheme

UBL Fund Managers Limited, one of Pakistan's leading asset management company, announced the launch of its new savings scheme; UBL Savings Income Fund (USIF). The scheme will open for public subscription from October 12, 2010. UBL Savings Income Fund (USI
Published 06 Oct, 2010 12:00am
THE RUPEE: dollar turns soft

THE RUPEE: dollar turns soft

The rupee maintained its climb, gaining sharply against dollar on the currency market on Tuesday, dealers said. The rupee rose by eight paisa in relation to dollar for buying and selling at 86.12 and 86.16, they said. Some improvement in the supply of dol
Published 06 Oct, 2010 12:00am
UBL Funds launches new Savings Scheme

UBL Funds launches new Savings Scheme

UBL Fund Managers Limited, one of Pakistan's leading asset management company, announced the launch of its new savings scheme; UBL Savings Income Fund (USIF). The scheme will open for public subscription from October 12, 2010. UBL Savings Income Fund (USI
Published 06 Oct, 2010 12:00am
Bench-bar row resolved as sessions judge sent on leave

Bench-bar row resolved as sessions judge sent on leave

Tensions between the bar and the bench finally defused here on Tuesday as Chief Justice (CJ) Lahore High Court, Khawaja Muhammad Sharif sent Sessions Judge Lahore Zawwar Ahmad Sheikh on four-month leave while the judges of district judiciary withdrew thei
Published 06 Oct, 2010 12:00am
First Interim dividend for KASB Cash Fund approved

First Interim dividend for KASB Cash Fund approved

The Board of Directors of KASB Funds Limited, the Management: Company of KASB Cash Fund ("KCF") in their meeting held on October 2 (Saturday) at 11:00 am at the Board Room, 5th Floor, Trade Centre, I.I. Chundrigar Road, Karachi, approved the following in
Published 06 Oct, 2010 12:00am
First Interim dividend for KASB Cash Fund approved

First Interim dividend for KASB Cash Fund approved

The Board of Directors of KASB Funds Limited, the Management: Company of KASB Cash Fund ("KCF") in their meeting held on October 2 (Saturday) at 11:00 am at the Board Room, 5th Floor, Trade Centre, I.I. Chundrigar Road, Karachi, approved the following in
Published 06 Oct, 2010 12:00am
Flood levy reflects FBR's failure to check evasions

Flood levy reflects FBR's failure to check evasions

The proposals to impose income tax surcharge and disaster import duty to generate additional revenue for flood victims reflect failure of the tax machinery in checking revenue leakages and massive tax evasion, hindering the upward trajectory of the tax-to
Published 06 Oct, 2010 12:00am
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