News Archives for Print - 2011-04-01 - Business Recorder

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Print - 2011-04-01

64 percent of customs collection comes from 10 major commodities: FBR quarterly review

64 percent of customs collection comes from 10 major commodities: FBR quarterly review

Around 64 percent of the total collection of customs was contributed by 10 major commodities during first half of 2010-11. The FBR quarterly review issued on Thursday revealed that like sales tax on imports bulk of the collection of customs emanated from

Published 01 Apr, 2011 12:00am

19th AGM of Soneri Bank held

19th AGM of Soneri Bank held

The annual accounts of the Bank for the year ended December 31, 2010 were approved by the shareholders at the 19th A.G.M. held here on Wednesday. The meeting was chaired by Alauddin Feerasta. Soneri Bank Limited commenced operations in 1992 with a Paid-up

Published 01 Apr, 2011 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

19th AGM of Soneri Bank held

19th AGM of Soneri Bank held

The annual accounts of the Bank for the year ended December 31, 2010 were approved by the shareholders at the 19th A.G.M. held here on Wednesday. The meeting was chaired by Alauddin Feerasta. Soneri Bank Limited commenced operations in 1992 with a Paid-up

Published 01 Apr, 2011 12:00am

LME official prices

LME official prices

The following were Wednesday official prices.

Published 01 Apr, 2011 12:00am

Corruption in TCP echoes in National Assembly body meeting

Corruption in TCP echoes in National Assembly body meeting

National Assembly's Standing Committee on Commerce on Thursday raised eyebrows over alleged corruption in Trading Corporation of Pakistan (TCP) and violation of PPRA Rules. The committee which met under the Chairmanship of Engineer Khurram Dastgir sought

Published 01 Apr, 2011 12:00am

LME official prices

LME official prices

The following were Wednesday official prices.

Published 01 Apr, 2011 12:00am

Corporate sector: FBR receives 19,331 IT returns

Corporate sector: FBR receives 19,331 IT returns

The Federal Board of Revenue (FBR) has received 19,331 income tax returns from the corporate sector during first half of 2010-2011 against 17,071 returns in the same period last fiscal, reflecting a healthy increase of 2260 returns.

Published 01 Apr, 2011 12:00am

LME official plastics prices

LME official plastics prices

The following were Wednesday official prices.

Published 01 Apr, 2011 12:00am

Pervez Musharraf attack case: Supreme Court upholds verdict of death penalty to 12 convicts

Pervez Musharraf attack case: Supreme Court upholds verdict of death penalty to 12 convicts

The Supreme Court Thursday rejected review petitions filed by 12 people, including five defence personnel, convicted for involvement in two attacks on former President Pervez Musharraf in 2003 and upheld its earlier decision endorsing their conviction.

Published 01 Apr, 2011 12:00am

LME official plastics prices

LME official plastics prices

The following were Wednesday official prices.

Published 01 Apr, 2011 12:00am

PN War College team visits Wapda House

PN War College team visits Wapda House

A delegation of the participants of 40th PN Staff Course of Pakistan Navy War College, Lahore visited Wapda House here on Thursday, to attend the briefings related to the water and power sectors in Pakistan. The delegation was headed by Commodore Shahid S

Published 01 Apr, 2011 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (March 31, 2011) and for Friday (April 01, 2011).

Published 01 Apr, 2011 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Audit failure leads to decline in income tax demand

Audit failure leads to decline in income tax demand

The incomplete audit by chartered accountant firms has resulted in sharp decline in income tax demand created against the registered companies.

Published 01 Apr, 2011 12:00am

The Weather

The Weather

The weather report on Thursday (March 31, 2011) and the forecast for Friday (April 01, 2011).

Published 01 Apr, 2011 12:00am

July-December 2010-11: cigarette remains top revenue spinner of FED

July-December 2010-11: cigarette remains top revenue spinner of FED

The cigarette remained the top revenue spinner of the federal excise duty (FED) during July-December, 2010-11, which contributed 1/3rd of the FED collection. The FBR analysis of the FED issued here on Thursday revealed that the collection from cigarettes

Published 01 Apr, 2011 12:00am

PSO gives relaxation of FAL: Oil on penalty payment

PSO gives relaxation of FAL: Oil on penalty payment

Pakistan State Oil (PSO) has agreed to extend the encashment date of international fuel supplier M/s FAL Oil's performance bond for six months after the latter has expressed willingness to pay penalties on failure to meet contractual obligations that caus

Published 01 Apr, 2011 12:00am

Sales tax collection from sugar on domestic consumption falls

Sales tax collection from sugar on domestic consumption falls

The sales tax collection from sugar on domestic consumption has shown major shortfall of 57.5 percent during the first half of 2010-2011 as compared to the same period of last fiscal, says FBR quarterly review issued on Thursday. According to the FBR anal

Published 01 Apr, 2011 12:00am

Cut in PSDP: contracts, supplies revenue collection falls

Cut in PSDP: contracts, supplies revenue collection falls

The reduction in the size of the Public Sector Development Programme (PSDP) during 2010-2011 has direct negative impact on the withholding tax collection from contracts/supplies. According to the FBR quarterly report issued here on Thursday, withholding t

Published 01 Apr, 2011 12:00am

Three killed in separate incidents

Three killed in separate incidents

At least three people were killed in separate incidents at different parts of metropolis on Thursday. According to details, a body was found in a gunny bag body from Naval Colony Baldia within the limits of Saeedabad police station.

Published 01 Apr, 2011 12:00am

Rs 928 million tax record related to banks' NPLs: FBR

Rs 928 million tax record related to banks' NPLs: FBR

The Federal Board of Revenue (FBR) Member Enforcement and Accounting, Muhammad Fayyaz Khan on Thursday said the Auditor General of Pakistan (AGP) has framed Rs 928 million audit objections on account of non-performing loans (bad debts) provisioning, which

Published 01 Apr, 2011 12:00am

Direct taxes refund payment depicts decrease of 3.8 percent

Direct taxes refund payment depicts decrease of 3.8 percent

The refund payment of direct taxes has shown a decrease of 3.8 percent during the first half of (2010-2011) as compared to the corresponding period of last fiscal. The FBR quarterly review issued here on Thursday revealed that the FBR has undertaken a rev

Published 01 Apr, 2011 12:00am

FBR study for deconcentration of core functions of audit, enforcement

FBR study for deconcentration of core functions of audit, enforcement

A study of the Federal Board of Revenue (FBR) has strongly recommended that the core functions of audit and enforcement must be 'de-concentrated' at the Tax Facilitation Centers (TFC) or local level for smooth functioning of the newly setup Inland Revenue

Published 01 Apr, 2011 12:00am

Electoral lists: Supreme Court concerned about ECP failure to remove 36m fake voters

Electoral lists: Supreme Court concerned about ECP failure to remove 36m fake voters

The Supreme Court on Thursday expressed concern over inaction of Election Commission of Pakistan (ECP) by not removing 36 million fake voters from the electoral lists to make them error-free. The apex court inquired from secretary Election Commission of P

Published 01 Apr, 2011 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

International award

International award

Pakistan Micro-finance Network has won Hanson Wade's Second Annual Global Microfinance Recognition Award for its innovative contribution and original work for Pakistan's microfinance industry in the category of "commitment to social performance and transp

Published 01 Apr, 2011 12:00am

Cement: FAUJI CEMENT COMPANY LIMITED - Analysis of Financial Statements - Financial Year 2004 - 1Q 2011

Cement: FAUJI CEMENT COMPANY LIMITED - Analysis of Financial Statements - Financial Year 2004 - 1Q 2011

Sponsored by Fauji Foundation, the Fauji Cement Company (FCCL) was incorporated in Rawalpindi in 1992. With its headquarters in Islamabad, the company operates cement plants at Jhang Bahtar, Tehsil Fateh Jang, District Attock Punjab.

Published 01 Apr, 2011 12:00am

TDAP chief executive meets Sindh Governor

TDAP chief executive meets Sindh Governor

Chief Executive Trade Development Authority of Pakistan (TDAP), Tariq Puri called on Governor Sindh Dr Ishratul Ibad Khan at the Governor House on Thursday. Puri briefed him about the role of the TDAP in increasing the exports and development of trade sec

Published 01 Apr, 2011 12:00am

Cement: FAUJI CEMENT COMPANY LIMITED - Analysis of Financial Statements - Financial Year 2004 - 1Q 2011

Cement: FAUJI CEMENT COMPANY LIMITED - Analysis of Financial Statements - Financial Year 2004 - 1Q 2011

Sponsored by Fauji Foundation, the Fauji Cement Company (FCCL) was incorporated in Rawalpindi in 1992. With its headquarters in Islamabad, the company operates cement plants at Jhang Bahtar, Tehsil Fateh Jang, District Attock Punjab.

Published 01 Apr, 2011 12:00am

Cabinet approves amendment in Schedule II Rules of Business 1973

Cabinet approves amendment in Schedule II Rules of Business 1973

The Federal cabinet has approved amendment in schedule II Rules of Business 1973 necessitated after the omission of the Concurrent Legislative List and revision of the Federal Legislative Lists, under the 18th Constitutional Amendment: The amendments appr

Published 01 Apr, 2011 12:00am

THE RUPEE: dollar, euro up

THE RUPEE: dollar, euro up

The rupee moved both ways against dollar on the currency market on Thursday in process of trading, dealers said. The rupee shed eight paisa for buying and selling at 85.32 and 85.37, they said. In the fourth Asian trade yen hit a fresh 10-month low versus

Published 01 Apr, 2011 12:00am

Nato containers scam: FBR action against customs officials shocks PAC body

Nato containers scam: FBR action against customs officials shocks PAC body

The special committee of the Public Accounts Committee (PAC) of National Assembly was shocked over the action of Federal Board of Revenue (FBR) against over 600 customs officials for their alleged involvement in the ISAF/Nato containers scam.

Published 01 Apr, 2011 12:00am

THE RUPEE: dollar, euro up

THE RUPEE: dollar, euro up

The rupee moved both ways against dollar on the currency market on Thursday in process of trading, dealers said. The rupee shed eight paisa for buying and selling at 85.32 and 85.37, they said. In the fourth Asian trade yen hit a fresh 10-month low versus

Published 01 Apr, 2011 12:00am

Al Meezan announces interim dividends for fixed income funds

Al Meezan announces interim dividends for fixed income funds

Al Meezan Investment Management Limited (Al Meezan) has announced the third interim dividends for its three fixed income funds: Meezan Sovereign Fund (MSF) - Rs 2.10 per unit, Meezan Islamic Income Fund (MIIF) - Rs 1.75 per unit and Meezan Cash Fund (MCF)

Published 01 Apr, 2011 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Al Meezan announces interim dividends for fixed income funds

Al Meezan announces interim dividends for fixed income funds

Al Meezan Investment Management Limited (Al Meezan) has announced the third interim dividends for its three fixed income funds: Meezan Sovereign Fund (MSF) - Rs 2.10 per unit, Meezan Islamic Income Fund (MIIF) - Rs 1.75 per unit and Meezan Cash Fund (MCF)

Published 01 Apr, 2011 12:00am

SHO held for patronising gambling den

SHO held for patronising gambling den

SHO of Rizvia police station and five other gamblers have been arrested in a raid at gambling den on Thursday. According to sources, the police party, headed by SP Liaquatabad, conducted raid at gambling den within the remits of Rizvia police station.

Published 01 Apr, 2011 12:00am

Afghan parliamentarians demand effective implementation of ATTA

Afghan parliamentarians demand effective implementation of ATTA

Afghan parliamentarians have offered Pakistan Business Community to consider sizeable investment in the reconstruction phase of Afghanistan and have sought technical assistance in the mutually interested areas to deepen further economic co-operation.

Published 01 Apr, 2011 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

CSF still owes $678 million to Pakistan

CSF still owes $678 million to Pakistan

United States funded Coalition Support Fund (CSF) still owes $678 million to Pakistan as reparations for on-going military operations, sources in the Finance Ministry told Business Recorder here on Thursday. Pakistan has received $1085 million unde

Published 01 Apr, 2011 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

63rd AGM of MCB Bank held

63rd AGM of MCB Bank held

The 63d Annual General Meeting of the shareholders of MCB Bank Limited under the chairmanship of Aftab Ahmad Khan was held on Thursday at local hotel to transact the ordinary and special business of the Bank. The chairman informed the members that MCB com

Published 01 Apr, 2011 12:00am

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

63rd AGM of MCB Bank held

63rd AGM of MCB Bank held

The 63d Annual General Meeting of the shareholders of MCB Bank Limited under the chairmanship of Aftab Ahmad Khan was held on Thursday at local hotel to transact the ordinary and special business of the Bank. The chairman informed the members that MCB com

Published 01 Apr, 2011 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Minfa department violated rules in fertiliser procurement

Minfa department violated rules in fertiliser procurement

Fertiliser Import Department (FID), a subsidiary of Ministry of Food and Agriculture, has been accused of violating fertiliser procurement guidelines in relation to a fertiliser deal. Ministry of Food and Agriculture will hold a fresh inquiry to fix the r

Published 01 Apr, 2011 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Investment in assets: 'majority of rich may not be able to defend their source'

Investment in assets: 'majority of rich may not be able to defend their source'

The Federal Board of Revenue Member Inland Revenue (IR) Khawar Khurshid Butt said on Thursday that a large number of wealthy people might not be able to legally defend their source of investment in assets which would make them part of the documented regim

Published 01 Apr, 2011 12:00am

Larger bench to hear important cases on April 11

Larger bench to hear important cases on April 11

Chief Justice Iftikhar Muhammad Chaudhry on Thursday constituted a 17-member larger bench to hear on April 11 important cases such as NRO review petitions and the case challenging various amendments to the constitution through 18th Amendment.

Published 01 Apr, 2011 12:00am

FBR quarterly review: tax target scaled down

FBR quarterly review: tax target scaled down

The Federal Board of Revenue has revised revenue collection target downward from Rs 1,667 billion for 2010-11 to Rs 1,604 billion, as macroeconomic indicators that were assumed to perform better in the beginning of the year turned negative.

Published 01 Apr, 2011 12:00am

Brief profiles of World Cup captains

Brief profiles of World Cup captains

Brief profiles of the India and Sri Lanka captains in Saturday's World Cup final at the Wankhede Stadium. Mahendra Singh Dhoni (India), aged 29 Dhoni's rise to the top of his chosen sport mirrors the rocketing popularity of Twenty20 cricket and the fusion

Published 01 Apr, 2011 12:00am

FBR quarterly review: tax target scaled down

FBR quarterly review: tax target scaled down

The Federal Board of Revenue has revised revenue collection target downward from Rs 1,667 billion for 2010-11 to Rs 1,604 billion, as macroeconomic indicators that were assumed to perform better in the beginning of the year turned negative.

Published 01 Apr, 2011 12:00am

Indian cricket team to visit Pakistan in near future: Ijaz Butt

Indian cricket team to visit Pakistan in near future: Ijaz Butt

Chairman, Pakistan cricket Board, Mohammad Ijaz Butt said on Thursday that Indian cricket team will visit Pakistan in near future. "I had very productive meetings with Indian Board officials and they are also of the view to revive cricket ties," he told r

Published 01 Apr, 2011 12:00am

Provisional figures: revenue collection crosses Rs one trillion in July-March

Provisional figures: revenue collection crosses Rs one trillion in July-March

The revenue collection of the Federal Board of Revenue has crossed Rs 1 trillion during July-March (2010-11), according to provisional data compiled by the FBR here on Thursday. Sources told Business Recorder on Thursday that the monthly provisiona

Published 01 Apr, 2011 12:00am

Don't judge Dhoni on final, says Kapil

Don't judge Dhoni on final, says Kapil

Kapil Dev, the only man to captain an Indian World Cup winning side, said Thursday that Mahendra Singh Dhoni's reputation as skipper should not depend on the result of Saturday's final against Sri Lanka. Dhoni, having steered India past Pakistan in the se

Published 01 Apr, 2011 12:00am

Provisional figures: revenue collection crosses Rs one trillion in July-March

Provisional figures: revenue collection crosses Rs one trillion in July-March

The revenue collection of the Federal Board of Revenue has crossed Rs 1 trillion during July-March (2010-11), according to provisional data compiled by the FBR here on Thursday. Sources told Business Recorder on Thursday that the monthly provisiona

Published 01 Apr, 2011 12:00am

Fish becomes top-ranked US player with win

Fish becomes top-ranked US player with win

Mardy Fish replaced Andy Roddick as the top-ranked American after beating Spain's David Ferrer 7-5 6-2 on Wednesday to move into the semi-finals of the Sony Ericsson Open. Fish will play world number two Novak Djokovic in the semi-finals at Key Biscayne a

Published 01 Apr, 2011 12:00am

Provisional figures: revenue collection crosses Rs one trillion in July-March

Provisional figures: revenue collection crosses Rs one trillion in July-March

The revenue collection of the Federal Board of Revenue has crossed Rs 1 trillion during July-March (2010-11), according to provisional data compiled by the FBR here on Thursday. Sources told Business Recorder on Thursday that the monthly provisiona

Published 01 Apr, 2011 12:00am

Clijsters falls to Azarenka in Miami

Clijsters falls to Azarenka in Miami

Belarussian Victoria Azarenka produced some sparkling tennis to defeat an out-of-sorts world number two Kim Clijsters in the quarter-finals of the Sony Ericsson Open on Wednesday. Azarenka, whose career breakthrough came with her win here at Key Biscayne

Published 01 Apr, 2011 12:00am

Government intends to borrow Rs 1.255 trillion in fourth quarter

Government intends to borrow Rs 1.255 trillion in fourth quarter

The federal government intends to borrow Rs 1.255 trillion from banking sector during the fourth quarter (April-June) of FY11 to meet its rising financial needs. Sources in banking industry said that revenue shortfall and rising expenditures have compelle

Published 01 Apr, 2011 12:00am

Umpires Taufel, Dar in cricket World Cup final

Umpires Taufel, Dar in cricket World Cup final

Australia's Simon Taufel and Pakistan's Aleem Dar will umpire Saturday's World Cup final between India and Sri Lanka at Mumbai's Wankhede Stadium. It is the second consecutive high-profile match for Taufel, a five-time international umpire of the year. He

Published 01 Apr, 2011 12:00am

Government intends to borrow Rs 1.255 trillion in fourth quarter

Government intends to borrow Rs 1.255 trillion in fourth quarter

The federal government intends to borrow Rs 1.255 trillion from banking sector during the fourth quarter (April-June) of FY11 to meet its rising financial needs. Sources in banking industry said that revenue shortfall and rising expenditures have compelle

Published 01 Apr, 2011 12:00am

Anti-climactic end to Shoaib's intriguing career

Anti-climactic end to Shoaib's intriguing career

A career that began so promisingly 14 years ago with Shoaib Akhtar refusing to take off his first Pakistan kit for three days, ended with a dressing down on Wednesday when the fast bowler was reduced to being a 'waterboy'. The man who was nicknamed the "R

Published 01 Apr, 2011 12:00am

Government intends to borrow Rs 1.255 trillion in fourth quarter

Government intends to borrow Rs 1.255 trillion in fourth quarter

The federal government intends to borrow Rs 1.255 trillion from banking sector during the fourth quarter (April-June) of FY11 to meet its rising financial needs. Sources in banking industry said that revenue shortfall and rising expenditures have compelle

Published 01 Apr, 2011 12:00am

Aaj TV - Friday's schedule

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 01 Apr, 2011 12:00am

Engagement between Gilani, Manmohan: Mohali a 'win-win' for India, Pakistan: foreign office

Engagement between Gilani, Manmohan: Mohali a 'win-win' for India, Pakistan: foreign office

Pakistan on Thursday termed the engagement between Prime Minister Yousuf Raza Gilani and his Indian counterpart Dr Manmohan Singh on the Indian soil after the 2008 Mumbai attacks a 'win-win' situation for resumption of a meaningful dialogue on all content

Published 01 Apr, 2011 12:00am

Karachi interbank rates

Karachi interbank rates

Karachi interbank rates on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Engagement between Gilani, Manmohan: Mohali a 'win-win' for India, Pakistan: foreign office

Engagement between Gilani, Manmohan: Mohali a 'win-win' for India, Pakistan: foreign office

Pakistan on Thursday termed the engagement between Prime Minister Yousuf Raza Gilani and his Indian counterpart Dr Manmohan Singh on the Indian soil after the 2008 Mumbai attacks a 'win-win' situation for resumption of a meaningful dialogue on all content

Published 01 Apr, 2011 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 01 Apr, 2011 12:00am

Prime Minister briefs President

Prime Minister briefs President

Prime Minister Syed Yousaf Raza Gilani on Thursday called on President Asif Ali Zardari at Aiwan-e-Sadr and briefed him about his visit to India and his discussions with Indian Prime Minister Dr Manmohan Singh. The President welcomed the meeting of the tw

Published 01 Apr, 2011 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 Commi

Published 01 Apr, 2011 12:00am

Prime Minister briefs President

Prime Minister briefs President

Prime Minister Syed Yousaf Raza Gilani on Thursday called on President Asif Ali Zardari at Aiwan-e-Sadr and briefed him about his visit to India and his discussions with Indian Prime Minister Dr Manmohan Singh. The President welcomed the meeting of the tw

Published 01 Apr, 2011 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 Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

PaCCS, FBR appear involved in 'love-hate' relationship

PaCCS, FBR appear involved in 'love-hate' relationship

Agility, the owner of Pakistan Automated Customs Computerised System (PaCCS) and Federal Board of Revenue (FBR) appear involved in an un-ending 'Love-hate' relationship over the use of PaCCS by Pakistan customs. On March 15 Agility had indicated that it w

Published 01 Apr, 2011 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 Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

PaCCS, FBR appear involved in 'love-hate' relationship

PaCCS, FBR appear involved in 'love-hate' relationship

Agility, the owner of Pakistan Automated Customs Computerised System (PaCCS) and Federal Board of Revenue (FBR) appear involved in an un-ending 'Love-hate' relationship over the use of PaCCS by Pakistan customs. On March 15 Agility had indicated that it w

Published 01 Apr, 2011 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 Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

PaCCS, FBR appear involved in ''love-hate'' relationship

PaCCS, FBR appear involved in ''love-hate'' relationship

Agility, the owner of Pakistan Automated Customs Computerised System (PaCCS) and Federal Board of Revenue (FBR) appear involved in an un-ending ''Love-hate'' relationship over the use of PaCCS by Pakistan customs. On March 15 Agility had indicated that it

Published 01 Apr, 2011 12:00am

LIBOR calculating interest on US dollar

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Out of the box solutions needed: Zardari's plea to economists

Out of the box solutions needed: Zardari's plea to economists

President Asif Ali Zardari on Thursday called upon the economists of the country to come up with out of the box solutions to the economic problems of the country and make concrete recommendations on how to address some of the most critical issues facing t

Published 01 Apr, 2011 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Out of the box solutions needed: Zardari's plea to economists

Out of the box solutions needed: Zardari's plea to economists

President Asif Ali Zardari on Thursday called upon the economists of the country to come up with out of the box solutions to the economic problems of the country and make concrete recommendations on how to address some of the most critical issues facing t

Published 01 Apr, 2011 12:00am

Interest rates on new foreign currency deposits

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 Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Out of the box solutions needed: Zardari''s plea to economists

Out of the box solutions needed: Zardari''s plea to economists

President Asif Ali Zardari on Thursday called upon the economists of the country to come up with out of the box solutions to the economic problems of the country and make concrete recommendations on how to address some of the most critical issues facing t

Published 01 Apr, 2011 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 Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

MoP asks OGDCL to scrap KPD project

MoP asks OGDCL to scrap KPD project

Ministry of Petroleum (MoP) is pressurising Oil and Gas Development Company Limited (OGDCL) to scrap a multimillion dollar Kunnar Pasakhi Deep Project (KPD) project by unbundling it from Tando AllahYar development project, Business Recorder has lea

Published 01 Apr, 2011 12:00am

Banks' rates for currency notes (buying and selling)

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 Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

MoP asks OGDCL to scrap KPD project

MoP asks OGDCL to scrap KPD project

Ministry of Petroleum (MoP) is pressurising Oil and Gas Development Company Limited (OGDCL) to scrap a multimillion dollar Kunnar Pasakhi Deep Project (KPD) project by unbundling it from Tando AllahYar development project, Business Recorder has lea

Published 01 Apr, 2011 12:00am

Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

MoP asks OGDCL to scrap KPD project

MoP asks OGDCL to scrap KPD project

Ministry of Petroleum (MoP) is pressurising Oil and Gas Development Company Limited (OGDCL) to scrap a multimillion dollar Kunnar Pasakhi Deep Project (KPD) project by unbundling it from Tando AllahYar development project, Business Recorder has lea

Published 01 Apr, 2011 12:00am

Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Index makes fractional gain

Index makes fractional gain

Profit taking in late hours on Thursday minimised the intra-day gains and the KSE-100 index closed at 11,809.54 points with a fractional gain of only 0.93 points. The market opened on a positive note and the index hit 11,887.29 points, up 78.68 points on

Published 01 Apr, 2011 12:00am

London Interbank Offered Rates

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Index makes fractional gain

Index makes fractional gain

Profit taking in late hours on Thursday minimised the intra-day gains and the KSE-100 index closed at 11,809.54 points with a fractional gain of only 0.93 points. The market opened on a positive note and the index hit 11,887.29 points, up 78.68 points on

Published 01 Apr, 2011 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am

Index makes fractional gain

Index makes fractional gain

Profit taking in late hours on Thursday minimised the intra-day gains and the KSE-100 index closed at 11,809.54 points with a fractional gain of only 0.93 points. The market opened on a positive note and the index hit 11,887.29 points, up 78.68 points on

Published 01 Apr, 2011 12:00am

Currency values in terms of Special Drawing Rights

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 01 Apr, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.10
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.33
Euro to USD / May 13	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
India Sensex / May 13	81,148.22
Tokyo Nikkei / May 13	37,897.71
Nasdaq / May 13	19,010.09
Hang Seng / May 13	23,441.04
FTSE 100 / May 13	8,602.92
Dow Jones / May 13	42,140.43
Germany DAX 30 / May 13	23,638.56
France CAC40 / May 13	7,873.83

Item	Value
Crude Oil USD/Barrel / May 13	63.36
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Gold Spot USD/Ounce / May 13	3,227.76
Cotton US¢/pound / May 13	66.61
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
AN Textile Mill / May 14 AN Textile Mills Limited(ANTM)	10.79 ▲ 1 (10.21%)
Al-Shaheer Corp / May 14 Al Shaheer Corporation Limited(ASC)	7.57 ▲ 0.69 (10.03%)
Flying Cement / May 14 Flying Cement Company Limited(FLYNG)	44.96 ▲ 4.09 (10.01%)
Agritech Limited / May 14 Agritech Limited(AGL)	56.07 ▲ 5.1 (10.01%)
PIA Holding Co.B / May 14 PIA Holding Company Limited B(PIAHCLB)	10,295.60 ▲ 935.97 (10%)
Khyber Textile / May 14 Khyber Textile Mills Limited(KHYT)	978.13 ▲ 88.92 (10%)
Tandlianwala Sugar / May 14 Tandlianwala Sugar Mills Limited(TSML)	167.38 ▲ 15.22 (10%)
S.S.Oil / May 14 S.S.Oil Mills Limited(SSOM)	759.88 ▲ 69.08 (10%)
Kohinoor Mills / May 14 Kohinoor Mills Limited(KML)	35.10 ▲ 3.18 (9.96%)
Reliance Cotton / May 14 Reliance Cotton Spinning Mills Limited(RCML)	464.63 ▲ 41 (9.68%)

Stock	Price
Diamond Ind. / May 14 Diamond Industries Limited(DIIL)	22.62 ▼ -2.51 (-9.99%)
First Elite Cap.Mod / May 14 First Elite Capital Modaraba(FECM)	18.07 ▼ -1.93 (-9.65%)
Dewan Mushtaq / May 14 Dewan Mushtaq Textile Mills Limited(DMTM)	8.86 ▼ -0.94 (-9.59%)
F.Credit & Inv / May 14 First Credit and Investment Bank Limited(FCIBL)	7.40 ▼ -0.59 (-7.38%)
Ist.Capital Sec / May 14 First Capital Securities Corporation(FCSC)	1.35 ▼ -0.1 (-6.9%)
Punjab Oil / May 14 Punjab Oil Mills Limited(POML)	192.10 ▼ -13.76 (-6.68%)
Reliance Ins. / May 14 Reliance Insurance Company Limited(RICL)	9.53 ▼ -0.66 (-6.48%)
D.S. Ind. Ltd. / May 14 D.S. Industries Limited(DSIL)	4.22 ▼ -0.29 (-6.43%)
Hoechst Pak. / May 14 Hoechst Pakistan Limited(HPL)	3,203.33 ▼ -194.6 (-5.73%)
Sunrays Textile / May 14 Sunrays Textile Mills Limited(SUTM)	196.06 ▼ -8.32 (-4.07%)

Stock	Volume
Sui South Gas / May 14 Sui Southern Gas Company Limited(SSGC)	8,282,019 ▲ 2.95
Fauji Cement / May 14 Fauji Cement Company Limited(FCCL)	2,740,161 ▲ 0.82
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	2,343,252 ▲ 0.01
Tri-Star Power / May 14 Tri-Star Power Limited(TSPL)	1,980,962 ▲ 0.45
Pak Petroleum / May 14 Pakistan Petroleum Limited(PPL)	1,849,675 ▲ 1.68
PIA Holding Co.Ltd / May 14 PIA Holding Company Limited(PIAHCLA)	1,759,320 ▲ 1.11
S.G.Power / May 14 S.G. Power Limited(SGPL)	1,436,000 ▲ 0.12
Maple Leaf Cement / May 14 Maple Leaf Cement Factory Limited(MLCF)	1,434,480 ▼ -0.42
At-Tahur Ltd. / May 14 At-Tahur Limited(PREMA)	1,427,719 ▲ 0.99
P.T.C.L. / May 14 Pakistan Telecommunication Company Ltd(PTC)	1,390,552 ▲ 0.53

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Illusion of remittance-driven growth

Illusion of remittance-driven growth

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