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Print - 2011-08-04
FBR to involve World Bank to ascertain market price of PaCCS

FBR to involve World Bank to ascertain market price of PaCCS

The Federal Board of Revenue (FBR) is going to take the World Bank (WB) on board to decide the prospects of automated customs clearance system (PaCCS), Business Recorder learnt on Wednesday. According to sources, the board, after a long stand-off w
Published 04 Aug, 2011 12:00am
New York cotton

New York cotton

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

Published 04 Aug, 2011 12:00am
FBR to involve World Bank to ascertain market price of PaCCS

FBR to involve World Bank to ascertain market price of PaCCS

The Federal Board of Revenue (FBR) is going to take the World Bank (WB) on board to decide the prospects of automated customs clearance system (PaCCS), Business Recorder learnt on Wednesday. According to sources, the board, after a long stand-off w
Published 04 Aug, 2011 12:00am
New York cotton

New York cotton

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

Published 04 Aug, 2011 12:00am
Three senior Navy officials face court martial

Three senior Navy officials face court martial

Pakistani Navy has initiated court martial proceedings against three senior officials who have been charged with committing lapses during a terrorist attack on a naval airbase in Karachi, a private TV channel reported Wednesday. The commanding officer of
Published 04 Aug, 2011 12:00am
Three senior Navy officials face court martial

Three senior Navy officials face court martial

Pakistani Navy has initiated court martial proceedings against three senior officials who have been charged with committing lapses during a terrorist attack on a naval airbase in Karachi, a private TV channel reported Wednesday. The commanding officer of
Published 04 Aug, 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 04 Aug, 2011 12:00am
China praises Pakistan, downplaying risk of rift

China praises Pakistan, downplaying risk of rift

China's Foreign Ministry on Wednesday praised Pakistan as a firm partner against terror and religious extremism, playing down the risk that ties could be strained by an attack that Chinese officials blamed on militants trained in Pakistan.
Published 04 Aug, 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 04 Aug, 2011 12:00am
World growth at risk as service sector slows

World growth at risk as service sector slows

Growth in much of the world's service sector was anemic in July as firms around the world worried about the debt crisis in Europe and the US as a well as slowing consumer demand, business surveys showed on Wednesday. World stocks tumbled, with the US S&P
Published 04 Aug, 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 Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
World growth at risk as service sector slows

World growth at risk as service sector slows

Growth in much of the world's service sector was anemic in July as firms around the world worried about the debt crisis in Europe and the US as a well as slowing consumer demand, business surveys showed on Wednesday. World stocks tumbled, with the US S&P
Published 04 Aug, 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 Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
World growth at risk as service sector slows

World growth at risk as service sector slows

Growth in much of the world''s service sector was anemic in July as firms around the world worried about the debt crisis in Europe and the US as a well as slowing consumer demand, business surveys showed on Wednesday. World stocks tumbled, with the US S&P
Published 04 Aug, 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 Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
NPLs swell to Rs 464 billion in five years: National Assembly informed

NPLs swell to Rs 464 billion in five years: National Assembly informed

Finance Minister Dr Abdul Hafeez Sheikh informed the National Assembly on Wednesday that non-performing loans (NPLs) of the banks as on December 31, 2010 stood at Rs 464.851 billion, of which Rs 354.185 billion, or 76 percent was in loss category.
Published 04 Aug, 2011 12:00am
NPLs swell to Rs 464 billion in five years: National Assembly informed

NPLs swell to Rs 464 billion in five years: National Assembly informed

Finance Minister Dr Abdul Hafeez Sheikh informed the National Assembly on Wednesday that non-performing loans (NPLs) of the banks as on December 31, 2010 stood at Rs 464.851 billion, of which Rs 354.185 billion, or 76 percent was in loss category.
Published 04 Aug, 2011 12:00am
NPLs swell to Rs 464 billion in five years: National Assembly informed

NPLs swell to Rs 464 billion in five years: National Assembly informed

Finance Minister Dr Abdul Hafeez Sheikh informed the National Assembly on Wednesday that non-performing loans (NPLs) of the banks as on December 31, 2010 stood at Rs 464.851 billion, of which Rs 354.185 billion, or 76 percent was in loss category.
Published 04 Aug, 2011 12:00am
CCoP may approve 88 percent NPCC shares sell-off: meeting tomorrow

CCoP may approve 88 percent NPCC shares sell-off: meeting tomorrow

The Cabinet Committee on Privatisation (CCoP), which is scheduled to meet on August 5, 2011 under the chairmanship of Finance Minister Dr Abdul Hafeez Shaikh, is expected to approve divestment of 88 percent shares of profit earning National Power Construc
Published 04 Aug, 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 Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
CCoP may approve 88 percent NPCC shares sell-off: meeting tomorrow

CCoP may approve 88 percent NPCC shares sell-off: meeting tomorrow

The Cabinet Committee on Privatisation (CCoP), which is scheduled to meet on August 5, 2011 under the chairmanship of Finance Minister Dr Abdul Hafeez Shaikh, is expected to approve divestment of 88 percent shares of profit earning National Power Construc
Published 04 Aug, 2011 12:00am
CCoP may approve 88 percent NPCC shares sell-off: meeting tomorrow

CCoP may approve 88 percent NPCC shares sell-off: meeting tomorrow

The Cabinet Committee on Privatisation (CCoP), which is scheduled to meet on August 5, 2011 under the chairmanship of Finance Minister Dr Abdul Hafeez Shaikh, is expected to approve divestment of 88 percent shares of profit earning National Power Construc
Published 04 Aug, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (August 03, 2011).
Published 04 Aug, 2011 12:00am
Deteriorating law, order in Karachi: Zardari has to resolve it himself

Deteriorating law, order in Karachi: Zardari has to resolve it himself

Three back to back meetings held on Wednesday in the Presidency on the situation in Karachi resulted in a decision taken by the coalition partners in the provincial government to authorise President Asif Ali Zardari to hold political negotiations with all
Published 04 Aug, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
Deteriorating law, order in Karachi: Zardari has to resolve it himself

Deteriorating law, order in Karachi: Zardari has to resolve it himself

Three back to back meetings held on Wednesday in the Presidency on the situation in Karachi resulted in a decision taken by the coalition partners in the provincial government to authorise President Asif Ali Zardari to hold political negotiations with all
Published 04 Aug, 2011 12:00am
Army should intervene: Altaf

Army should intervene: Altaf

Chief of Muttahida Quami Movement (MQM) Altaf Hussain has said that although more than three generations of the Mohajirs are buried in Sindh some of the chauvinist Sindhis refuse to accept them as the rightful citizens or the indigenous people of Sindh. H
Published 04 Aug, 2011 12:00am
Army should intervene: Altaf

Army should intervene: Altaf

Chief of Muttahida Quami Movement (MQM) Altaf Hussain has said that although more than three generations of the Mohajirs are buried in Sindh some of the chauvinist Sindhis refuse to accept them as the rightful citizens or the indigenous people of Sindh. H
Published 04 Aug, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
Index nosedives 284.61 points

Index nosedives 284.61 points

Investors' fear over a fragile law and order situation in the city created panic selling at the Karachi share market on Wednesday and the KSE-100 index registered a heavy decline of 284.61 points to close at 11,941.72 points. The market opened on a strong
Published 04 Aug, 2011 12:00am
Index nosedives 284.61 points

Index nosedives 284.61 points

Investors' fear over a fragile law and order situation in the city created panic selling at the Karachi share market on Wednesday and the KSE-100 index registered a heavy decline of 284.61 points to close at 11,941.72 points. The market opened on a strong
Published 04 Aug, 2011 12:00am
Index nosedives 284.61 points

Index nosedives 284.61 points

Investors'' fear over a fragile law and order situation in the city created panic selling at the Karachi share market on Wednesday and the KSE-100 index registered a heavy decline of 284.61 points to close at 11,941.72 points. The market opened on a stron
Published 04 Aug, 2011 12:00am
BRIndex30 down 217.28 points

BRIndex30 down 217.28 points

On Wednesday, the BRIndex30 opened at 8,619.09 points and remained in negative throughout the trading session. It touched the intra-day high of 8,602.27 points and low of 8,389.03 points and closed at 8,401.81 points with a net negative change of -217.28
Published 04 Aug, 2011 12:00am
BRIndex30 down 217.28 points

BRIndex30 down 217.28 points

On Wednesday, the BRIndex30 opened at 8,619.09 points and remained in negative throughout the trading session. It touched the intra-day high of 8,602.27 points and low of 8,389.03 points and closed at 8,401.81 points with a net negative change of -217.28
Published 04 Aug, 2011 12:00am
LSE index sheds 102.82 points

LSE index sheds 102.82 points

Bearish sentiment dominated the Lahore Stock Exchange on Wednesday and the equities registered declines across the board mainly on account of MQM leader Altaf Hussain's statement advising people in Karachi to store one-month ration. The LSE-25 index poste
Published 04 Aug, 2011 12:00am
LSE index sheds 102.82 points

LSE index sheds 102.82 points

Bearish sentiment dominated the Lahore Stock Exchange on Wednesday and the equities registered declines across the board mainly on account of MQM leader Altaf Hussain's statement advising people in Karachi to store one-month ration. The LSE-25 index poste
Published 04 Aug, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
ISE index loses 90.29 points

ISE index loses 90.29 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 90.29 points from 2,755.84 points to 2665.55 points. Turnover amounted to 68,159 share
Published 04 Aug, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
ISE index loses 90.29 points

ISE index loses 90.29 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 90.29 points from 2,755.84 points to 2665.55 points. Turnover amounted to 68,159 share
Published 04 Aug, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
British police chief and deputy arrested over corruption

British police chief and deputy arrested over corruption

The head of a British police force and his deputy were arrested on Wednesday on suspicion of corruption and fraud, a source with knowledge of the investigation said. Sean Price, chief constable of Cleveland Police in north-east England, and his deputy Der
Published 04 Aug, 2011 12:00am
British police chief and deputy arrested over corruption

British police chief and deputy arrested over corruption

The head of a British police force and his deputy were arrested on Wednesday on suspicion of corruption and fraud, a source with knowledge of the investigation said. Sean Price, chief constable of Cleveland Police in north-east England, and his deputy Der
Published 04 Aug, 2011 12:00am
Antofagasta, Barrick see Pakistan decision by September

Antofagasta, Barrick see Pakistan decision by September

A joint venture between miners Antofagasta and Barrick Gold expects a decision on a key mining licence in Pakistan by mid-September, potentially paving the way for a major copper and gold project in the country's poorest region.
Published 04 Aug, 2011 12:00am
Antofagasta, Barrick see Pakistan decision by September

Antofagasta, Barrick see Pakistan decision by September

A joint venture between miners Antofagasta and Barrick Gold expects a decision on a key mining licence in Pakistan by mid-September, potentially paving the way for a major copper and gold project in the country's poorest region.
Published 04 Aug, 2011 12:00am
Antofagasta, Barrick see Pakistan decision by September

Antofagasta, Barrick see Pakistan decision by September

A joint venture between miners Antofagasta and Barrick Gold expects a decision on a key mining licence in Pakistan by mid-September, potentially paving the way for a major copper and gold project in the country''s poorest region.
Published 04 Aug, 2011 12:00am
LNG developers may sell RLNG to end-users: Ogra to amend policy

LNG developers may sell RLNG to end-users: Ogra to amend policy

The Oil and Gas Regulatory Authority (Ogra) considered the request of Liquefied Natural Gas importers to amend the LNG Policy, according to which the developers of LNG would have the right to directly sell Re-gassed Liquefied Natural Gas (RLNG) to end use
Published 04 Aug, 2011 12:00am
LNG developers may sell RLNG to end-users: Ogra to amend policy

LNG developers may sell RLNG to end-users: Ogra to amend policy

The Oil and Gas Regulatory Authority (Ogra) considered the request of Liquefied Natural Gas importers to amend the LNG Policy, according to which the developers of LNG would have the right to directly sell Re-gassed Liquefied Natural Gas (RLNG) to end use
Published 04 Aug, 2011 12:00am
LNG developers may sell RLNG to end-users: Ogra to amend policy

LNG developers may sell RLNG to end-users: Ogra to amend policy

The Oil and Gas Regulatory Authority (Ogra) considered the request of Liquefied Natural Gas importers to amend the LNG Policy, according to which the developers of LNG would have the right to directly sell Re-gassed Liquefied Natural Gas (RLNG) to end use
Published 04 Aug, 2011 12:00am
Afghan-Pakistan trade dispute: shipping containers stuck at Karachi port

Afghan-Pakistan trade dispute: shipping containers stuck at Karachi port

Nearly 2,500 shipping containers bound for war-ravaged Afghanistan are stuck at Karachi port, officials said on Wednesday, in a wrangle over financial guarantees for the goods as part of a trade transit deal brokered by the United States. The transit trad
Published 04 Aug, 2011 12:00am
Afghan-Pakistan trade dispute: shipping containers stuck at Karachi port

Afghan-Pakistan trade dispute: shipping containers stuck at Karachi port

Nearly 2,500 shipping containers bound for war-ravaged Afghanistan are stuck at Karachi port, officials said on Wednesday, in a wrangle over financial guarantees for the goods as part of a trade transit deal brokered by the United States. The transit trad
Published 04 Aug, 2011 12:00am
Afghan-Pakistan trade dispute: shipping containers stuck at Karachi port

Afghan-Pakistan trade dispute: shipping containers stuck at Karachi port

Nearly 2,500 shipping containers bound for war-ravaged Afghanistan are stuck at Karachi port, officials said on Wednesday, in a wrangle over financial guarantees for the goods as part of a trade transit deal brokered by the United States. The transit trad
Published 04 Aug, 2011 12:00am
US, UN, IOC targets of huge cyber spying campaign

US, UN, IOC targets of huge cyber spying campaign

The governments of the United States and several other countries, US defence contractors, the United Nations and the International Olympic Committee have been targets of a massive global cyber spying campaign, US computer security firm McAfee said Wednesd
Published 04 Aug, 2011 12:00am
US, UN, IOC targets of huge cyber spying campaign

US, UN, IOC targets of huge cyber spying campaign

The governments of the United States and several other countries, US defence contractors, the United Nations and the International Olympic Committee have been targets of a massive global cyber spying campaign, US computer security firm McAfee said Wednesd
Published 04 Aug, 2011 12:00am
Seeking data from banks: FBR may approach Law Division for legal opinion

Seeking data from banks: FBR may approach Law Division for legal opinion

The Federal Board of Revenue (FBR) is likely to approach the Law and Justice Division for obtaining legal opinion whether the Income Tax Ordinance 2001, Banking Companies Ordinance 1962 and Protection of Economic Reforms Act, 1992 permit the Board to seek
Published 04 Aug, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
AIOU workshops from August 8

AIOU workshops from August 8

The workshops/teaching practice of PTC course code 611 and MA Education course code 6554, 6555 and 6556 for the Semester Autumn 2011 of Allama Iqbal Open University (AIOU) for Islamabad region will start from August 8. The university has set up separate c
Published 04 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
ICCI criticises SBP cut in discount policy rates

ICCI criticises SBP cut in discount policy rates

The Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday said that there was need of hefty cut in the discount rates by the State Bank of Pakistan (SBP) as reduction of 50 basis points would not provide any benefit to the business community.
Published 04 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 03, 2011).

Published 04 Aug, 2011 12:00am
Second meeting of Pakistan and South Africa JC held

Second meeting of Pakistan and South Africa JC held

The second meeting of the Joint Commission between Pakistan and South Africa was held in Pretoria at the premises of South African Department of International Relations and Co-operation (DIRCO). The Pakistani delegation, led by Munawar Saeed Bhatti, Addit
Published 04 Aug, 2011 12:00am
Modified ICT scholarship programme-2011 announced

Modified ICT scholarship programme-2011 announced

National Information and Communication Technology (ICT) Research and Development Fund has announced that a modified ICT scholarship programme-2011 would be conducted due to shortage of time and interested students should prepare for entrance exams of part
Published 04 Aug, 2011 12:00am