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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-03-09
Market shows mixed trend

Market shows mixed trend

A mixed trend was witnessed at the Karachi share market on Tuesday with the KSE-100 index oscillating between 11,996.53 points intra-day high and 11,864.10 points intra-day low with extremely low volumes.
Published 09 Mar, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (March 08, 2011).

Published 09 Mar, 2011 12:00am
Pakistan to acquire six submarines from China

Pakistan to acquire six submarines from China

Pakistan has decided to acquire six Air Independent Propulsion conventional submarines from China to be fully capable to operate in a multi-threat environment under tropical conditions and launching torpedoes and missiles, reveal official documents exclus
Published 09 Mar, 2011 12:00am
Pakistan to acquire six submarines from China

Pakistan to acquire six submarines from China

Pakistan has decided to acquire six Air Independent Propulsion conventional submarines from China to be fully capable to operate in a multi-threat environment under tropical conditions and launching torpedoes and missiles, reveal official documents exclus
Published 09 Mar, 2011 12:00am
Talks with IMF extended for another 2-3 days

Talks with IMF extended for another 2-3 days

The International Monetary Fund on Monday asked Pakistan to take important reform measures to put the economy on safer path and extended for another two to three days the scheduled talks on the stalled Stand-By-Arrangement (SBA).
Published 09 Mar, 2011 12:00am
Talks with IMF extended for another 2-3 days

Talks with IMF extended for another 2-3 days

The International Monetary Fund on Monday asked Pakistan to take important reform measures to put the economy on safer path and extended for another two to three days the scheduled talks on the stalled Stand-By-Arrangement (SBA).
Published 09 Mar, 2011 12:00am
Talks with IMF extended for another 2-3 days

Talks with IMF extended for another 2-3 days

The International Monetary Fund on Monday asked Pakistan to take important reform measures to put the economy on safer path and extended for another two to three days the scheduled talks on the stalled Stand-By-Arrangement (SBA).
Published 09 Mar, 2011 12:00am
28 killed, 132 hurt in Faisalabad blast

28 killed, 132 hurt in Faisalabad blast

At least 28 people were killed and over 132 injured in a bomb blast at a CNG station in the Civil Lines area, here on Tuesday. The blast also caused severe damage to dozens of cars and the building of the CNG station. According to reports, an explosive-la
Published 09 Mar, 2011 12:00am
28 killed, 132 hurt in Faisalabad blast

28 killed, 132 hurt in Faisalabad blast

At least 28 people were killed and over 132 injured in a bomb blast at a CNG station in the Civil Lines area, here on Tuesday. The blast also caused severe damage to dozens of cars and the building of the CNG station. According to reports, an explosive-la
Published 09 Mar, 2011 12:00am
Ministries protest cut in allocations under PSDP

Ministries protest cut in allocations under PSDP

Ministries have lodged a strong protest over cut in budget earmarked under public sector development programme (PSDP 2010-11). Sources told Business Recorder that miniseries had written letters to Planning Commission (PC) protesting the cuts in PSD
Published 09 Mar, 2011 12:00am
Ministries protest cut in allocations under PSDP

Ministries protest cut in allocations under PSDP

Ministries have lodged a strong protest over cut in budget earmarked under public sector development programme (PSDP 2010-11). Sources told Business Recorder that miniseries had written letters to Planning Commission (PC) protesting the cuts in PSD
Published 09 Mar, 2011 12:00am
Ministries protest cut in allocations under PSDP

Ministries protest cut in allocations under PSDP

Ministries have lodged a strong protest over cut in budget earmarked under public sector development programme (PSDP 2010-11). Sources told Business Recorder that miniseries had written letters to Planning Commission (PC) protesting the cuts in PSD
Published 09 Mar, 2011 12:00am
Non-clearance of HSD costs FBR Rs 900 million

Non-clearance of HSD costs FBR Rs 900 million

The Federal Board of Revenue suffered Rs 900 million loss in the shape of customs duty due to non-clearance of imported High Speed Diesel (HSD) during September/ October, 2010 following devastating floods/strikes in Karachi, reflecting heavy reliance on d
Published 09 Mar, 2011 12:00am
Non-clearance of HSD costs FBR Rs 900 million

Non-clearance of HSD costs FBR Rs 900 million

The Federal Board of Revenue suffered Rs 900 million loss in the shape of customs duty due to non-clearance of imported High Speed Diesel (HSD) during September/ October, 2010 following devastating floods/strikes in Karachi, reflecting heavy reliance on d
Published 09 Mar, 2011 12:00am
Non-clearance of HSD costs FBR Rs 900 million

Non-clearance of HSD costs FBR Rs 900 million

The Federal Board of Revenue suffered Rs 900 million loss in the shape of customs duty due to non-clearance of imported High Speed Diesel (HSD) during September/ October, 2010 following devastating floods/strikes in Karachi, reflecting heavy reliance on d
Published 09 Mar, 2011 12:00am
Broadening Tax Base: DG may be given extraordinary powers

Broadening Tax Base: DG may be given extraordinary powers

The Federal Board of Revenue is planning to give extraordinary powers to the Director General (Broadening Tax Base) to carry out financial investigations and check fiscal frauds, organised financial crimes, revenue leakages and gather information on non-r
Published 09 Mar, 2011 12:00am
Broadening Tax Base: DG may be given extraordinary powers

Broadening Tax Base: DG may be given extraordinary powers

The Federal Board of Revenue is planning to give extraordinary powers to the Director General (Broadening Tax Base) to carry out financial investigations and check fiscal frauds, organised financial crimes, revenue leakages and gather information on non-r
Published 09 Mar, 2011 12:00am
Broadening Tax Base: DG may be given extraordinary powers

Broadening Tax Base: DG may be given extraordinary powers

The Federal Board of Revenue is planning to give extraordinary powers to the Director General (Broadening Tax Base) to carry out financial investigations and check fiscal frauds, organised financial crimes, revenue leakages and gather information on non-r
Published 09 Mar, 2011 12:00am
Turnover tax: Rs 3.7 billion shortfall in July-January collection

Turnover tax: Rs 3.7 billion shortfall in July-January collection

The Federal Board of Revenue collected Rs 2.3 billion after increase in turnover tax from 0.5 to one percent through Finance Act 2010 against projected figure of Rs 6 billion during July-January (2010-11), reflecting a shortfall of Rs 3.7 billion.
Published 09 Mar, 2011 12:00am
Turnover tax: Rs 3.7 billion shortfall in July-January collection

Turnover tax: Rs 3.7 billion shortfall in July-January collection

The Federal Board of Revenue collected Rs 2.3 billion after increase in turnover tax from 0.5 to one percent through Finance Act 2010 against projected figure of Rs 6 billion during July-January (2010-11), reflecting a shortfall of Rs 3.7 billion.
Published 09 Mar, 2011 12:00am
Turnover tax: Rs 3.7 billion shortfall in July-January collection

Turnover tax: Rs 3.7 billion shortfall in July-January collection

The Federal Board of Revenue collected Rs 2.3 billion after increase in turnover tax from 0.5 to one percent through Finance Act 2010 against projected figure of Rs 6 billion during July-January (2010-11), reflecting a shortfall of Rs 3.7 billion.
Published 09 Mar, 2011 12:00am
PaCCS extended till March 31

PaCCS extended till March 31

The Pakistan Automated Customs Computerised System (PaCCS) shut down which had caused a furor in the market has again been extended till March 31 on the request of Chairman, Federal Board of Revenue (FBR). Agility, the owner of PaCCS had pulled out its st
Published 09 Mar, 2011 12:00am
PaCCS extended till March 31

PaCCS extended till March 31

The Pakistan Automated Customs Computerised System (PaCCS) shut down which had caused a furor in the market has again been extended till March 31 on the request of Chairman, Federal Board of Revenue (FBR). Agility, the owner of PaCCS had pulled out its st
Published 09 Mar, 2011 12:00am
PaCCS extended till March 31

PaCCS extended till March 31

The Pakistan Automated Customs Computerised System (PaCCS) shut down which had caused a furor in the market has again been extended till March 31 on the request of Chairman, Federal Board of Revenue (FBR). Agility, the owner of PaCCS had pulled out its st
Published 09 Mar, 2011 12:00am
Heavy Electrical Complex: ECC approves financial restructuring

Heavy Electrical Complex: ECC approves financial restructuring

Economic Co-ordination Committee of the Cabinet which met here on Tuesday with Federal Minister for Finance, Dr Abdul Hafeez Shaikh in the chair, approved financial restructuring of Heavy Electrical Complex and extension/issuance of GoP guarantee for PIAC
Published 09 Mar, 2011 12:00am
Heavy Electrical Complex: ECC approves financial restructuring

Heavy Electrical Complex: ECC approves financial restructuring

Economic Co-ordination Committee of the Cabinet which met here on Tuesday with Federal Minister for Finance, Dr Abdul Hafeez Shaikh in the chair, approved financial restructuring of Heavy Electrical Complex and extension/issuance of GoP guarantee for PIAC
Published 09 Mar, 2011 12:00am
Heavy Electrical Complex: ECC approves financial restructuring

Heavy Electrical Complex: ECC approves financial restructuring

Economic Co-ordination Committee of the Cabinet which met here on Tuesday with Federal Minister for Finance, Dr Abdul Hafeez Shaikh in the chair, approved financial restructuring of Heavy Electrical Complex and extension/issuance of GoP guarantee for PIAC
Published 09 Mar, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Mar, 2011 12:00am
Exchangeable bond: PC told to carry out transaction

Exchangeable bond: PC told to carry out transaction

The Cabinet Committee on Privatisation (CCoP) which met here on Tuesday with Federal Minister for Privatisation, Senator Abdul Hafeez Shaikh in the chair directed the Privatisation Commission to actively carry out exchangeable bond transaction along with
Published 09 Mar, 2011 12:00am
Exchangeable bond: PC told to carry out transaction

Exchangeable bond: PC told to carry out transaction

The Cabinet Committee on Privatisation (CCoP) which met here on Tuesday with Federal Minister for Privatisation, Senator Abdul Hafeez Shaikh in the chair directed the Privatisation Commission to actively carry out exchangeable bond transaction along with
Published 09 Mar, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Mar, 2011 12:00am
Exchangeable bond: PC told to carry out transaction

Exchangeable bond: PC told to carry out transaction

The Cabinet Committee on Privatisation (CCoP) which met here on Tuesday with Federal Minister for Privatisation, Senator Abdul Hafeez Shaikh in the chair directed the Privatisation Commission to actively carry out exchangeable bond transaction along with
Published 09 Mar, 2011 12:00am
Exchangeable bond: PC told to carry out transaction

Exchangeable bond: PC told to carry out transaction

The Cabinet Committee on Privatisation (CCoP) which met here on Tuesday with Federal Minister for Privatisation, Senator Abdul Hafeez Shaikh in the chair directed the Privatisation Commission to actively carry out exchangeable bond transaction along with
Published 09 Mar, 2011 12:00am
All MQM's reservations to be removed: Zardari assures Altaf

All MQM's reservations to be removed: Zardari assures Altaf

President Asif Ali Zardar on Tuesday night assured Muttahida Qaumi Movement (MQM) Chief Altaf Hussain to remove all the MQM's reservations. President Asif Ali Zaradri gave the assurance during a telephonic conversation with Altaf Hussain.
Published 09 Mar, 2011 12:00am
All MQM's reservations to be removed: Zardari assures Altaf

All MQM's reservations to be removed: Zardari assures Altaf

President Asif Ali Zardar on Tuesday night assured Muttahida Qaumi Movement (MQM) Chief Altaf Hussain to remove all the MQM's reservations. President Asif Ali Zaradri gave the assurance during a telephonic conversation with Altaf Hussain.
Published 09 Mar, 2011 12:00am
No employee of devolved ministries to be laid off

No employee of devolved ministries to be laid off

Implementation Commission of the parliament reiterated its commitment that no employee shall be laid off and that the employees of the devolved ministries in Islamabad will not be dislocated from their present station. This decision was taken in the 41st
Published 09 Mar, 2011 12:00am
Domestic debt reaches Rs 5.49 trillion mark

Domestic debt reaches Rs 5.49 trillion mark

The rising fiscal deficit has resulted in massive increase in borrowing from domestic sources, of which the country's total stocks of domestic debt and liabilities reached an all-time high of Rs 5.49 trillion at end-December 2010.
Published 09 Mar, 2011 12:00am
Domestic debt reaches Rs 5.49 trillion mark

Domestic debt reaches Rs 5.49 trillion mark

The rising fiscal deficit has resulted in massive increase in borrowing from domestic sources, of which the country''s total stocks of domestic debt and liabilities reached an all-time high of Rs 5.49 trillion at end-December 2010.
Published 09 Mar, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 08, 2011).

Published 09 Mar, 2011 12:00am
PN Special Forces hold demonstration of professional skills, expertise

PN Special Forces hold demonstration of professional skills, expertise

Special Marine forces of Pakistan Navy organised a spectacular demonstration at Manora Beach in connection with the Aman 2011 multinational exercises here on Tuesday. The demonstration for preventing any sea terrorism, was part of a five-day special multi
Published 09 Mar, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 08, 2011).

Published 09 Mar, 2011 12:00am
PN Special Forces hold demonstration of professional skills, expertise

PN Special Forces hold demonstration of professional skills, expertise

Special Marine forces of Pakistan Navy organised a spectacular demonstration at Manora Beach in connection with the Aman 2011 multinational exercises here on Tuesday. The demonstration for preventing any sea terrorism, was part of a five-day special multi
Published 09 Mar, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (March 08, 2011) and the forecast for Wednesday (March 09, 2011).

Published 09 Mar, 2011 12:00am
All rich landlords should be taxed: Business Recorder survey

All rich landlords should be taxed: Business Recorder survey

The clamour for taxing the income of the rich landlords is gathering momentum with not only multilaterals and bilaterals but also the people of this country, a survey carried out by Business Recorder revealed. Given the rising budget deficit attrib
Published 09 Mar, 2011 12:00am
All rich landlords should be taxed: Business Recorder survey

All rich landlords should be taxed: Business Recorder survey

The clamour for taxing the income of the rich landlords is gathering momentum with not only multilaterals and bilaterals but also the people of this country, a survey carried out by Business Recorder revealed. Given the rising budget deficit attrib
Published 09 Mar, 2011 12:00am
All rich landlords should be taxed: Business Recorder survey

All rich landlords should be taxed: Business Recorder survey

The clamour for taxing the income of the rich landlords is gathering momentum with not only multilaterals and bilaterals but also the people of this country, a survey carried out by Business Recorder revealed. Given the rising budget deficit attrib
Published 09 Mar, 2011 12:00am
Minister not happy with pace of computerisation project progress

Minister not happy with pace of computerisation project progress

Minister for Industries and Production (MoI&P) Mir Hazar Khan Bijarani has reportedly expressed annoyance with the top management of Utility Stores Corporation (USC) for not finalising computerisation of warehouses and stores.
Published 09 Mar, 2011 12:00am
Pakistan and UK discuss security, other issues

Pakistan and UK discuss security, other issues

UK National Security Adviser Sir Peter Ricketts and Chief of Defence Staff General Sir David Richards on Tuesday discussed issues pertaining to regional security with special reference to Pak-Afghan border, tribal areas, war on terror and Raymond Davis ca
Published 09 Mar, 2011 12:00am
Farmers' facilitation centres established in Potohar region

Farmers' facilitation centres established in Potohar region

The Punjab Agriculture Department has established 'Farmers facilitation centers' in Potohar region as the wheat crop is reported to be attacked by pests' infestation (Rust/aphid) due to the prolonged wet spell and cloudy weather.
Published 09 Mar, 2011 12:00am
Raymond Davis trial put off till March 16

Raymond Davis trial put off till March 16

An additional district and sessions judge on Tuesday adjourned the murder trial of Raymond Davis till March 16. On Tuesday, the prosecution through the court provided documents requested by the defence counsel on the last hearing.
Published 09 Mar, 2011 12:00am
Punjab cabinet meeting: drafts of 17 amendment bills approved

Punjab cabinet meeting: drafts of 17 amendment bills approved

The Punjab cabinet has approved drafts of 17 amendment bills regarding Punjab Government Rules of Business-2011 and running of the affairs of local government, information, culture and youth affairs, revenue, labour, health, law and social welfare departm
Published 09 Mar, 2011 12:00am
SECP takes action against seven companies

SECP takes action against seven companies

The Securities Markets Division of the Securities and Exchange Commission of Pakistan took action against seven non-compliant market participants in February. "Warning letters were issued to three brokerage houses of the Karachi Stock Exchange for indulgi
Published 09 Mar, 2011 12:00am
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