News Archives for Print - 2011-03-17

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

DG FIA case: Supreme Court irked by stubbornness of government

The Supreme Court on Monday warned the government it was 'running out of patience' on its stubbornness for not removing DG FIA on the third consecutive order of the apex court. The court had ruled to relieve all the officers, re-appointed on contract basi

Published 17 Mar, 2011 12:00am

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 (March 16, 2011).

Published 17 Mar, 2011 12:00am

Index loses 34.67 points

Bearish trend continued at the Karachi share market on Wednesday and the KSE-100 index lost another 34.67 points to close at the level of 11,794.57 points. Initially the investors took fresh position on attractive low levels and after positive opening the

Published 17 Mar, 2011 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Index loses 34.67 points

Bearish trend continued at the Karachi share market on Wednesday and the KSE-100 index lost another 34.67 points to close at the level of 11,794.57 points. Initially the investors took fresh position on attractive low levels and after positive opening the

Published 17 Mar, 2011 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Index loses 34.67 points

Bearish trend continued at the Karachi share market on Wednesday and the KSE-100 index lost another 34.67 points to close at the level of 11,794.57 points. Initially the investors took fresh position on attractive low levels and after positive opening the

Published 17 Mar, 2011 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

BRIndex30 down 24.63 points

On Wednesday, BRIndex30 opened at 8,641.89 points. It touched an intraday high of 8,833.81 points and an intraday low of 8,534.32 points and closed at 8,617.26 points, which was -24.63 points or -0.29 percent lower than previous close. Total volume was 79

Published 17 Mar, 2011 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

BRIndex30 down 24.63 points

On Wednesday, BRIndex30 opened at 8,641.89 points. It touched an intraday high of 8,833.81 points and an intraday low of 8,534.32 points and closed at 8,617.26 points, which was -24.63 points or -0.29 percent lower than previous close. Total volume was 79

Published 17 Mar, 2011 12:00am

DG FIA case: Supreme Court irked by stubbornness of government

The Supreme Court on Monday warned the government it was 'running out of patience' on its stubbornness for not removing DG FIA on the third consecutive order of the apex court. The court had ruled to relieve all the officers, re-appointed on contract basi

Published 17 Mar, 2011 12:00am

Davis released after Diyat deal

An Additional District and Sessions Judge of Lahore on Wednesday ordered the release of Raymond Davis after the families of victims accepted the blood money (diyat) in accordance with the Sharia law. Following a court hearing on Wednesday at the Lahore ja

Published 17 Mar, 2011 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 17 Mar, 2011 12:00am

Davis released after Diyat deal

An Additional District and Sessions Judge of Lahore on Wednesday ordered the release of Raymond Davis after the families of victims accepted the blood money (diyat) in accordance with the Sharia law. Following a court hearing on Wednesday at the Lahore ja

Published 17 Mar, 2011 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Clinton says US did not pay any compensation

The United States did not pay compensation to the families of two Pakistanis killed by a CIA contractor who was acquitted of their murder on Wednesday, US Secretary of State Hillary Clinton said. The contractor, Raymond Davis, 36, was acquitted and releas

Published 17 Mar, 2011 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Clinton says US did not pay any compensation

The United States did not pay compensation to the families of two Pakistanis killed by a CIA contractor who was acquitted of their murder on Wednesday, US Secretary of State Hillary Clinton said. The contractor, Raymond Davis, 36, was acquitted and releas

Published 17 Mar, 2011 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Munter expresses gratitude

The 'commitment to build relationships' prevailed for which the US Ambassador to Pakistan expressed his gratitude to the people of Pakistan when "blood money" or Diyat in terms of Islamic law Wednesday brought a sigh of relief for the US after Raymond Dav

Published 17 Mar, 2011 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Munter expresses gratitude

The 'commitment to build relationships' prevailed for which the US Ambassador to Pakistan expressed his gratitude to the people of Pakistan when "blood money" or Diyat in terms of Islamic law Wednesday brought a sigh of relief for the US after Raymond Dav

Published 17 Mar, 2011 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

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 17 Mar, 2011 12:00am

Canadian canola futures fall

ICE Canadian canola futures fell their daily limit on Tuesday as worries about Japan's nuclear crisis triggered a broad sell-off in commodity and equity markets, traders said. Financial markets roiled by fear of Japan disaster as investors seek the safety

Published 17 Mar, 2011 12:00am

6.57 million tons of wheat procurement in 2011: government to give Rs 164.798 billion bank guarantee

The federal government would give Rs 164.798 billion bank guarantee on behalf of public sector for procurement of 6.57 million tons wheat in 2011 and left it up to the provinces to decide about keeping strategic reserves. An official said that decision to

Published 17 Mar, 2011 12:00am

UBS faces LIBOR manipulation probe

Swiss bank UBS said it had received subpoenas from US and Japanese regulators regarding whether it made "improper attempts" to manipulate LIBOR rates, the benchmark price for interbank borrowing costs. "UBS understands that the investigations focus on whe

Published 17 Mar, 2011 12:00am

6.57 million tons of wheat procurement in 2011: government to give Rs 164.798 billion bank guarantee

The federal government would give Rs 164.798 billion bank guarantee on behalf of public sector for procurement of 6.57 million tons wheat in 2011 and left it up to the provinces to decide about keeping strategic reserves. An official said that decision to

Published 17 Mar, 2011 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 17 Mar, 2011 12:00am

6.57 million tons of wheat procurement in 2011: government to give Rs 164.798 billion bank guarantee

The federal government would give Rs 164.798 billion bank guarantee on behalf of public sector for procurement of 6.57 million tons wheat in 2011 and left it up to the provinces to decide about keeping strategic reserves. An official said that decision to

Published 17 Mar, 2011 12:00am

New York cotton

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

Published 17 Mar, 2011 12:00am

Safe City Project: MoF supports exemption for Chinese co from PPRA

Ministry of Finance has supported the request for exemption from Public Procurement Regulatory Authority (PPRA) rules by the Ministry of Interior with the argument that China may withdraw a $151.15 million concessional loan if security equipment is not pr

Published 17 Mar, 2011 12:00am

New York cotton

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

Published 17 Mar, 2011 12:00am

Safe City Project: MoF supports exemption for Chinese co from PPRA

Ministry of Finance has supported the request for exemption from Public Procurement Regulatory Authority (PPRA) rules by the Ministry of Interior with the argument that China may withdraw a $151.15 million concessional loan if security equipment is not pr

Published 17 Mar, 2011 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Safe City Project: MoF supports exemption for Chinese co from PPRA

Ministry of Finance has supported the request for exemption from Public Procurement Regulatory Authority (PPRA) rules by the Ministry of Interior with the argument that China may withdraw a $151.15 million concessional loan if security equipment is not pr

Published 17 Mar, 2011 12:00am

Hafeez sees Rs 210 billion fiscal space after new measures

The measures of new taxes and expenditure control announced by the government would create a fiscal space of Rs 210 billion in FY11 and would help stabilise the economy, said Finance Minister Dr Abdul Hafeez Sheikh on Wednesday. Addressing a news conferen

Published 17 Mar, 2011 12:00am

Delhi declines to support EU's package

New Delhi has conveyed to Islamabad in plain words that it will not support European Union's Pakistan specific trade package at the World Trade Organisation (WTO), well-informed sources in Foreign Office told Business Recorder. "India has refused t

Published 17 Mar, 2011 12:00am

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 Commi

Published 17 Mar, 2011 12:00am

Delhi declines to support EU's package

New Delhi has conveyed to Islamabad in plain words that it will not support European Union's Pakistan specific trade package at the World Trade Organisation (WTO), well-informed sources in Foreign Office told Business Recorder. "India has refused t

Published 17 Mar, 2011 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Delhi declines to support EU''s package

New Delhi has conveyed to Islamabad in plain words that it will not support European Union''s Pakistan specific trade package at the World Trade Organisation (WTO), well-informed sources in Foreign Office told Business Recorder. "India has refused

Published 17 Mar, 2011 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Free access to premises, accounts: DG PCA's powers enhanced

The Federal Board of Revenue (FBR) has empowered the officials of the Directorate General of Post Clearance Audit (PCA) to have free access to premises, equipment, stocks and accounts relating to manufacturers of the excisable goods and services for audit

Published 17 Mar, 2011 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Free access to premises, accounts: DG PCA's powers enhanced

The Federal Board of Revenue (FBR) has empowered the officials of the Directorate General of Post Clearance Audit (PCA) to have free access to premises, equipment, stocks and accounts relating to manufacturers of the excisable goods and services for audit

Published 17 Mar, 2011 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

Free access to premises, accounts: DG PCA''s powers enhanced

The Federal Board of Revenue (FBR) has empowered the officials of the Directorate General of Post Clearance Audit (PCA) to have free access to premises, equipment, stocks and accounts relating to manufacturers of the excisable goods and services for audit

Published 17 Mar, 2011 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (March 16, 2011).

Published 17 Mar, 2011 12:00am

England face Anderson poser ahead of crunch match

England were deciding whether to stick with misfiring strike bowler James Anderson as their World Cup date with destiny approached. Fast bowler Ajmal Shahzad became the latest England player to fall ill on the eve of their crucial World Cup clash against

Published 17 Mar, 2011 12:00am

16th Tour De Pakistan International Cycle Race: NH&MP to provide free flow to the participants

National Highway and Motorway Police (NH&MP) North-5 will provide uninterrupted and free flow to the participants of 16th Tour De Pakistan International Cycle Race.

Published 17 Mar, 2011 12:00am

AJK government to establish international airport in Mirpur

The government of Azad Jammu and Kashmir (AJK) is planning to establish an international airport in order to provide air-travelling facilities to the people. Talking to APP on Wednesday the official sources said the airport would facilitate the expatriate

Published 17 Mar, 2011 12:00am

CDA chief seeks quick recovery of taxes from defaulters

Chairman Capital Development Authority (CDA), Imtiaz Inayat Elahi has directed the Revenue Directorate of the authority to expedite the property tax, water and other allied charges collection campaign.

Published 17 Mar, 2011 12:00am

Punjab saved Rs 202.8 20 billion under head of current expenditures

Pakistan Muslim League-Nawaz (PML-N) led Punjab government has saved Rs 2.8 billion under the head of current expenditures. With restructuring of various departments and abolition of unnecessary posts, more than Rs 6 billion would be saved. This was revea

Published 17 Mar, 2011 12:00am

14 government officials have dual nationality

Some 14 high government officials working in different ministries and divisions have been identified for possessing dual nationality during the scrutiny process initiated by the Establishment Division. The Establishment division has written a letter to al

Published 17 Mar, 2011 12:00am

LCCI slams levying of 15 percent surcharge on income tax

The Lahore Chamber of Commerce and Industry (LCCI) has strongly criticised the imposition of 15 percent surcharge on income tax during the financial year 2010-11 and increase in excise duty and sales tax on all inputs including imports and withdrawal of 1

Published 17 Mar, 2011 12:00am

CPSP, a role model institution in Saarc region

President Saarc Surgical Society Professor Narendra Pinto accompanied by Professor Abdul Majeed Chaudhry, president-elect visited regional center of the College of Physicians & Surgeons Pakistan (CPSP). Both addressed the participants of computer and comm

Published 17 Mar, 2011 12:00am

Cement industry: removal of excise duty to help improve viability: APCMA

A spokesman of All Pakistan Cement Manufacturers Association (APCMA) has appealed to the government to remove bottlenecks impacting the cement industry as four out of 22 units have closed down and others are on the verge of collapse due to mounting losses

Published 17 Mar, 2011 12:00am

Textile exporters reject sales tax imposition

Textile exporters have rejected the ordinance promulgated on Tuesday that seeks to impose 17 percent sales tax and withdraws zero rating facility. The ordinance withdraws the zero-rating on export-oriented sectors at the local supply stage which would imp

Published 17 Mar, 2011 12:00am

Agriculture education and research: Prime Minister appreciates UAF efforts

Prime Minister Syed Yousuf Raza Gilani has lauded the role of University of Agriculture Faisalabad (UAF) in the field of agricultural education and research. In a message, which was read out during a programme held in connection with golden jubilee celebr

Published 17 Mar, 2011 12:00am

Issuance of Umrah visas: TAAP praises Saudi CG's efforts

Travel Agents Association of Pakistan (TAAP) has commended the efforts of Saudi Consulate General, Karachi and Saudi embassy, Islamabad in issuing Umrah visas on a fast track basis. Chairman, TAAP, M. Yahya Polani in a press briefing said it is indeed pra

Published 17 Mar, 2011 12:00am

IoBM mathematics colloquium on March 19

A colloquium on Mathematics with the theme of 'Forecasting- Applications in Actuarial Science, Business, Computer Science, Economics, Engineering, Finance and Management,' is scheduled to take place at the auditorium of the Institute of Business Managemen

Published 17 Mar, 2011 12:00am

External candidates: M A final viva voce exams from March 28

The Controller of Examinations University of Sindh has announced on Wednesday that viva voce examination of M.A final external candidates in all subjects under annual examination of 2010 will be conducted with effect from March, 28. The viva voce examinat

Published 17 Mar, 2011 12:00am

Builder arrested for cheating allottees

National Accountability Bureau (NAB), Sindh, has arrested Salman Manzoor s/o Manzoor Hussain, partner M/s. Al-Fajar Builders and Developers on allegations of failure to hand over physical possession of plots to more than 400 allottees of Gulshan-e-Latif,

Published 17 Mar, 2011 12:00am

Allied Bank AGM approves 10 percent bonus shares, 40 percent cash dividend

The 65th Annual General Meeting (AGM) of the shareholders of Allied Bank was held on Wednesday, which was chaired by Mohammad Naeem Mukhtar, Chairman, Board of Directors, Allied Bank. Members of the Board, State Bank representatives, external auditors, in

Published 17 Mar, 2011 12:00am

Allied Bank AGM approves 10 percent bonus shares, 40 percent cash dividend

The 65th Annual General Meeting (AGM) of the shareholders of Allied Bank was held on Wednesday, which was chaired by Mohammad Naeem Mukhtar, Chairman, Board of Directors, Allied Bank. Members of the Board, State Bank representatives, external auditors, in

Published 17 Mar, 2011 12:00am

Mobilink Jazz Jazba hunts for talent, brand ambassadors

Paying homage to the youth who constitute more than 60 percent of Pakistan's population, Mobilink's youth platform Jazz Jazba has launched a talent programme to showcase and harness potential talent in a variety of categories. Mobilink, Pakistan's market

Published 17 Mar, 2011 12:00am

Driver killed, four Nato oil tankers torched in Mastung

A driver was killed and 4 oil tankers carrying fuel for the Nato forces were burnt on Wednesday when unidentified armed men opened indiscriminate fire at them here at Ghanja Dori area of Mastung district, police said. According to the police, unidentified

Published 17 Mar, 2011 12:00am

PIA employees stopped from availing travel facility for Umrah

On immediate orders of PIA Marketing Department, PIA employees have been stopped from availing travel facility as per their entitlement to go to Jeddah for performing Umrah. The employees are anxious about the orders and fearing that they would bear the l

Published 17 Mar, 2011 12:00am

Temporary restriction applied: PIA

PIA clarifies a news item appearing in a section of the press regarding embargo on PIA employees for availing Umrah tickets. There is no restriction on PIA employees for performing Umrah. A temporary restriction has been placed on availing their free and

Published 17 Mar, 2011 12:00am

CDGK takes serious notice of hike in milk prices

The City District Government Karachi (CDGK) has taken a serious notice of recent hike in milk prices by Rs 10 to 12. To discuss the issue, a meeting will take place on Thursday (today), under the chairmanship of the DCO Karachi Muhammad Hussain Saeed. It

Published 17 Mar, 2011 12:00am

Pakistan spending merely 1.2 percent of GDP on education: Atta

The Annual Prize Distribution Ceremony of Defence Authority Degree College was held at the college auditorium on Wednesday. A two-day annual science exhibition was also organised on the occasion. Renowned scientist and former Chairman Higher Education Com

Published 17 Mar, 2011 12:00am

HCCI to hold 'Telecom, IT Exposition'

Hyderabad Chamber of Commerce and Industry (HCCI) is organising a four-day 'Telecom and IT Expo' from 7th to 10th April 2011. The exhibition would go a long way in promotion of IT industry in the country, said President HCCI Gohar Ullah while talking to m

Published 17 Mar, 2011 12:00am

HCCI to hold 'Telecom, IT Exposition'

Hyderabad Chamber of Commerce and Industry (HCCI) is organising a four-day 'Telecom and IT Expo' from 7th to 10th April 2011. The exhibition would go a long way in promotion of IT industry in the country, said President HCCI Gohar Ullah while talking to m

Published 17 Mar, 2011 12:00am

Mumtaz Bhutto says PPP-MQM patch-up was expected

Chairman, Sindh National Front, Mumtaz Ali Bhutto said on Wednesday that the MQM patch-up with PPP was expected and brings no surprises. However, this does not in any way to solve any problems being faced by the people, he said this while talking to party

Published 17 Mar, 2011 12:00am

Japan's nuclear meltdown

Two of the plants at the Fakushima Daiichi Nuclear Complex have suffered a meltdown in the wake of the recent quake-tsunami strike, and the third at the complex is facing a similar threat. The main cause for the incident is being attributed to gross failu

Published 17 Mar, 2011 12:00am

Like gravity the doctrine of necessity remains alive

Oblivious of the people's economic miseries, growing threats to the national security and the international community's increasing concern about Pakistan's capabilities to overcome these crises, the political leaders are much more focused on moves to mono

Published 17 Mar, 2011 12:00am

VIEW POINT: Beware, the mercenaries

Unable to crush a popular uprising on its own, the royal family of Bahrain has invited foreign forces to do the job. Saudi troops entered Bahrain on Monday, flashing victory signs, via a causeway that links the tiny island nation with Saudi Arabia. No wor

Published 17 Mar, 2011 12:00am

Policy reforms and the Pakistan's banking sector

In this paper an attempt has been made to analyse the present and future directions of the banking sector in the overall economy of the country. At the outset, attention is drawn towards two major issues. It may be recalled that after the death of DFIs, t

Published 17 Mar, 2011 12:00am

Why high-seas piracy is here to stay

International Maritime Organisations and other International forums ensured the UN Security Council passing a resolution 1816 (2008) allowing navies to enter the territorial water of Somalia to repress acts of armed robbery and piracy at sea. We, in Pakis

Published 17 Mar, 2011 12:00am

Glitter of the lucre

Money can buy anything in Pakistan, be it wordly possessions or one's life or liberty. Any one doubting this maxim has only to see the charade of Raymond Davis' freedom!

Published 17 Mar, 2011 12:00am

Japan scrambles to pull nuclear plant back from brink of disaster

Operators of a quake-crippled nuclear plant in Japan said they would try again on Thursday to use military helicopters to douse overheating reactors and avert disaster after an earlier attempt was abandoned because of high radiation at the site.

Published 17 Mar, 2011 12:00am

China freezes nuclear approvals after Japan crisis

China's vast nuclear push is likely to slow after the government ordered a safety crackdown on Wednesday in the wake of Japan's nuclear crisis. The announcement by China's State Council, or cabinet, was the clearest sign yet that the crisis at a quake-rav

Published 17 Mar, 2011 12:00am

Syrian forces break up protest

Security forces wielding batons dispersed 150 demonstrators who had gathered in central of Damascus on Wednesday in the most serious protest against Syria's ruling hierarchy since revolts spread in the Arab world. Scores of plainclothes security officers

Published 17 Mar, 2011 12:00am

Russia, Turkey say atom power safe, to build plant

The leaders of Russia and Turkey, calling nuclear energy safe, promised on Wednesday to press ahead with the construction of a Russian atomic power plant in Turkey despite Japan's nuclear crisis. Russian President Dmitry Medvedev and Turkish Prime Ministe

Published 17 Mar, 2011 12:00am

Fourteen killed in Iran prison violence

Fourteen prisoners were killed and 33 injured in an incident at an Iranian jail on Wednesday, that state TV said was a brawl among inmates but which one news agency said was a foiled escape attempt. State TV news reported that a brawl broke out at Ghezel

Published 17 Mar, 2011 12:00am

UAE to hold second ever election in September

The United Arab Emirates will hold the second election in its history in September to pick half the members of its advisory national assembly, the state news agency WAM said on Wednesday. The move to set the election for September 24 comes as anti-governm

Published 17 Mar, 2011 12:00am

Abbas pledges to talk unity with Hamas in Gaza

Palestinian president Mahmud Abbas said on Wednesday he was ready to go to Gaza this week for talks with Hamas about ending the split and forming a interim government. Abbas, leader of the secular Fatah movement, said he was ready to go to Gaza "tomorrow"

Published 17 Mar, 2011 12:00am

Gaddafi pummels rebels as war outpaces diplomacy

Libya's army pounded an opposition-held city in the country's west and battled fighters trying to block its advance on a rebel bastion in the east on Wednesday amid flagging diplomatic efforts to end the bloodshed. UN Secretary-General Ban Ki-moon called

Published 17 Mar, 2011 12:00am

Four New York Times journalists missing in Libya

Four journalists from The New York Times, including a two-time Pulitzer Prize winner, have gone missing in eastern Libya, where rebels are battling Moamer Kadhafi's forces, the newspaper said Wednesday. The Times said editors at the newspaper were

Published 17 Mar, 2011 12:00am

Thai webmaster jailed for 13 years

Thailand's criminal court has jailed a webmaster for 13 years on charges of insulting the kingdom's revered monarchy and violating computer laws, an official said Wednesday. Thantawut Thaweevarod-omkul, 38, was arrested last year during anti-government "R

Published 17 Mar, 2011 12:00am

Fighting in Mogadishu kills 17

Exchanges of heavy artillery fire between Islamist rebels linked to al Qaeda and government forces backed by African Union troops killed at least 17 civilians in Mogadishu, medical sources said Wednesday. Fighting between the Shebab insurgency and governm

Published 17 Mar, 2011 12:00am

Indian businessman linked to telecoms scandal found dead

An Indian businessman who had been questioned over a multi-billion-dollar telecoms fraud was found dead on Wednesday in the southern city of Chennai after apparently committing suicide. Police described Sadiq Batcha as a business associate and aide to A.

Published 17 Mar, 2011 12:00am

Partly Facetious: Mushahid is bald and has no expensive eye wear

"Mushahid of the Qatil League hath spoken."

Published 17 Mar, 2011 12:00am

NIM delegation visits Wapda House

Wapda is executing 5 dams, 3 mega canals, 5 hydropower projects and 2 drainage schemes under 'Vision-2025'. This was briefed to a delegation of the participants of 11th Mid Career Management Course, National Institute of Management (NIM) Peshawar visited

Published 17 Mar, 2011 12:00am

'New taxation measures to put financial burden of Rs 30 billion on growers'

New taxation measures taken by the Federal government including imposition of flood surcharge and exemptions in sales tax will put a financial burden of Rs 30 billion on growers' community. This was alleged by the KBP President Sardar Zafar Hussein and Ge

Published 17 Mar, 2011 12:00am

Kashf Foundation holds annual Naat contest for children

Kashf Foundation(KF) held annual Kashf children Naat competition in connection with Eid Milad-un-Nabi (PBUH) on Wednesday. Kashf Foundation's clients are primarily women from low-income households and the children of these clients participated in the comp

Published 17 Mar, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Petrol/Litre / Apr 15	254.63
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Diesel/Litre / Apr 15	258.64
Cotton US¢/pound / Apr 15	65.75

Stock	Price
PICIC Ins.Ltd. / Apr 15 PICIC Insurance Limited(PIL)	2.93 ▲ 0.78 (36.28%)
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.79 ▲ 0.62 (19.56%)
Escorts Bank / Apr 15 Escorts Investment Bank Limited(ESBL)	6.59 ▲ 0.95 (16.84%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
First Capital Equities / Apr 15 First Capital Equities Limited(FCEL)	4.97 ▲ 0.47 (10.44%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
Redco Textile / Apr 15 Redco Textiles Limited(REDCO)	25.27 ▲ 2.3 (10.01%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
Gammon Pak / Apr 15 Gammon Pakistan Limited(GAMON)	25.60 ▲ 2.33 (10.01%)
Bawany Air Products / Apr 15 Bawany Air Products Limited(BAPL)	34.95 ▲ 3.18 (10.01%)

Stock	Price
Arpak Int. / Apr 15 Arpak International Investments Ltd.(ARPAK)	63 ▼ -7 (-10%)
Aisha Steel(ConPS) / Apr 15 Aisha Steel(ConPS)(ASLPS)	15.11 ▼ -1.51 (-9.09%)
LSE Capital / Apr 15 LSE Capital Limited(LSECL)	5 ▼ -0.5 (-9.09%)
Power Cem(Pref) / Apr 15 Power Cement (Pref)(POWERPS)	13.55 ▼ -1.28 (-8.63%)
First Tri-Star Mod. / Apr 15 First Tri-Star Modaraba(FTSM)	12.03 ▼ -1.04 (-7.96%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.20 ▼ -0.57 (-7.34%)
Philip Morris Pak. / Apr 15 Philip Morris (Pakistan) Limited(PMPK)	1,171 ▼ -90.48 (-7.17%)
Stylers International / Apr 15 Stylers International Limited(STYLERS)	39.30 ▼ -2.7 (-6.43%)
Calcorp Ltd / Apr 15 Calcorp Limited(CASH)	37 ▼ -2.52 (-6.38%)
Janana De Malucho / Apr 15 Janana De Malucho Textile Mills Limited(JDMT)	48.55 ▼ -3.3 (-6.36%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	55,091,076 ▼ -0.18
Pak Int.Bulk / Apr 15 Pakistan International Bulk Terminal(PIBTL)	45,232,730 ▼ -0.25
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	31,842,819 ▼ -0.61
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	27,341,890 ▼ -0.14
TRG Pak Ltd / Apr 15 TRG Pakistan Limited(TRG)	21,450,408 ▲ 3.76
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	19,356,973 ▲ 0.22
Pak Elektron / Apr 15 Pak Elektron Limited(PAEL)	17,487,097 ▼ -0.32
Engro Powergen / Apr 15 Engro Powergen Qadirpur Limited(EPQL)	15,435,358 ▲ 0.53
Fauji Foods Ltd / Apr 15 Fauji Foods Limited(FFL)	15,345,048 ▲ 0.53
K-Electric Ltd. / Apr 15 K-Electric Limited(KEL)	13,886,346 ▼ -0.01

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