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Print - 2011-08-11
Gold price drops

Gold price drops

Gold price on Wednesday dropped to Rs 56, 900 per tola from Rs 57, 000 on the local market after the price of yellow metal in global market dipped by $7 an ounce, traders said. The price of gold per 10-gram reached Rs 48, 771 down from Rs 48, 8857 while t
Published 11 Aug, 2011 12:00am
Arms shop looted in Turbat

Arms shop looted in Turbat

Unidentified gunmen have looted an arms shop in main bazaar of Turbat town. "Unidentified armed men entered an arms shop and took the staff on gunpoint," police said on Wednesday. They looted weapons including four short guns, thousands of cartridges and
Published 11 Aug, 2011 12:00am
Benazir Muawinat Card scheme: Nadra to open over 100 outlets in Sindh

Benazir Muawinat Card scheme: Nadra to open over 100 outlets in Sindh

With the completion of e-system of Benazir Muawinat cards, National Database and Registration Authority (Nadra) would establish more than 100 outlets in order to disburse the said cards all over the province, Business Recorder learnt. Sindh Zakat a
Published 11 Aug, 2011 12:00am
MQM activist shot dead

MQM activist shot dead

An activist of MQM was shot dead near Dhobi Ghath Bridge in the jurisdiction of Pak Colony police station on Wednesday. According to police, the victim 32-year-old Akbar son of Ali Bux, a resident of Jubilee old city area, was targeted when he was way to
Published 11 Aug, 2011 12:00am
India extends invitation to Fahim for visiting India

India extends invitation to Fahim for visiting India

Indian High Commissioner to Pakistan, Sharat Sabharwal called on Senior Minister for Commerce, Makhdoom Amin Fahim here on Wednesday at the Minister's office and extended an invitation to the Minister to visit India along with a delegation of Pakistani bu
Published 11 Aug, 2011 12:00am
Wall Street slumps again as investors shun risk

Wall Street slumps again as investors shun risk

Fear of risk drove investors out of global stocks on Wednesday as rumours about the health of French banks sparked concern that the eurozone's debt crisis could claim new victims. The rumours tapped into investors' worst fears of contagion. French bank st
Published 11 Aug, 2011 12:00am
Fatima Group - a group that makes perfect business sense

Fatima Group - a group that makes perfect business sense

Fatima Group is the most progressive business conglomerate in Pakistan, with a strong portfolio of products and services. A significant player in the growth and sustainability of important industries of the Country, the Group has made significant investme
Published 11 Aug, 2011 12:00am
Wall Street slumps again as investors shun risk

Wall Street slumps again as investors shun risk

Fear of risk drove investors out of global stocks on Wednesday as rumours about the health of French banks sparked concern that the eurozone's debt crisis could claim new victims. The rumours tapped into investors' worst fears of contagion. French bank st
Published 11 Aug, 2011 12:00am
Wall Street slumps again as investors shun risk

Wall Street slumps again as investors shun risk

Fear of risk drove investors out of global stocks on Wednesday as rumours about the health of French banks sparked concern that the eurozone''s debt crisis could claim new victims. The rumours tapped into investors'' worst fears of contagion. French bank
Published 11 Aug, 2011 12:00am
New York cotton

New York cotton

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

Published 11 Aug, 2011 12:00am
Oil rebounds four percent

Oil rebounds four percent

Brent crude rebounded 4 percent on Wednesday, shaking off two days of losses as an unexpected decline in US oil inventories outweighed deepening economic concerns. Oil extended gains in the afternoon in another heavy trading session as the US stock market
Published 11 Aug, 2011 12:00am
New York cotton

New York cotton

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

Published 11 Aug, 2011 12:00am
Oil rebounds four percent

Oil rebounds four percent

Brent crude rebounded 4 percent on Wednesday, shaking off two days of losses as an unexpected decline in US oil inventories outweighed deepening economic concerns. Oil extended gains in the afternoon in another heavy trading session as the US stock market
Published 11 Aug, 2011 12:00am
Oil rebounds four percent

Oil rebounds four percent

Brent crude rebounded 4 percent on Wednesday, shaking off two days of losses as an unexpected decline in US oil inventories outweighed deepening economic concerns. Oil extended gains in the afternoon in another heavy trading session as the US stock market
Published 11 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 11 Aug, 2011 12:00am
Swiss, Germans agree tax deal on secret accounts

Swiss, Germans agree tax deal on secret accounts

Switzerland and Germany have agreed to tax money stashed by German citizens in secret Swiss accounts, in a deal that may net Germany billions of francs and will force the Swiss banking sector to clean up its act. Strict secrecy has helped Switzerland buil
Published 11 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 11 Aug, 2011 12:00am
Swiss, Germans agree tax deal on secret accounts

Swiss, Germans agree tax deal on secret accounts

Switzerland and Germany have agreed to tax money stashed by German citizens in secret Swiss accounts, in a deal that may net Germany billions of francs and will force the Swiss banking sector to clean up its act. Strict secrecy has helped Switzerland buil
Published 11 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 10, 2011).

Published 11 Aug, 2011 12:00am
Swiss, Germans agree tax deal on secret accounts

Swiss, Germans agree tax deal on secret accounts

Switzerland and Germany have agreed to tax money stashed by German citizens in secret Swiss accounts, in a deal that may net Germany billions of francs and will force the Swiss banking sector to clean up its act. Strict secrecy has helped Switzerland buil
Published 11 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 10, 2011).

Published 11 Aug, 2011 12:00am
Export Finance Scheme: SBP raises allocation to Rs 251 billion

Export Finance Scheme: SBP raises allocation to Rs 251 billion

When the country's exports have witnessed a high boost, the demand of export financing is being also enhanced and the State Bank of Pakistan (SBP) has raised banks' limits by 10 percent to Rs 251 billion under the Export Finance Scheme in March-end quarte
Published 11 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 10, 2011).

Published 11 Aug, 2011 12:00am
Export Finance Scheme: SBP raises allocation to Rs 251 billion

Export Finance Scheme: SBP raises allocation to Rs 251 billion

When the country's exports have witnessed a high boost, the demand of export financing is being also enhanced and the State Bank of Pakistan (SBP) has raised banks' limits by 10 percent to Rs 251 billion under the Export Finance Scheme in March-end quarte
Published 11 Aug, 2011 12:00am
Export Finance Scheme: SBP raises allocation to Rs 251 billion

Export Finance Scheme: SBP raises allocation to Rs 251 billion

When the country''s exports have witnessed a high boost, the demand of export financing is being also enhanced and the State Bank of Pakistan (SBP) has raised banks'' limits by 10 percent to Rs 251 billion under the Export Finance Scheme in March-end quar
Published 11 Aug, 2011 12:00am
Export Finance Scheme: SBP raises allocation to Rs 251 billion

Export Finance Scheme: SBP raises allocation to Rs 251 billion

When the country''''s exports have witnessed a high boost, the demand of export financing is being also enhanced and the State Bank of Pakistan (SBP) has raised banks'''' limits by 10 percent to Rs 251 billion under the Export Finance Scheme in March-end
Published 11 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 10, 2011).

Published 11 Aug, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (August 10, 2011).
Published 11 Aug, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (August 10, 2011).

Published 11 Aug, 2011 12:00am
LNG import project may face big setback

LNG import project may face big setback

The Liquefied Natural Gas (LNG) import project is likely to face a big setback, as the Port Qasim Authority (PQA) has reportedly deviated from its stance on allocation of space for investors at the LNG zone. "PQA has informed the Ministry of Petroleum and
Published 11 Aug, 2011 12:00am
LNG import project may face big setback

LNG import project may face big setback

The Liquefied Natural Gas (LNG) import project is likely to face a big setback, as the Port Qasim Authority (PQA) has reportedly deviated from its stance on allocation of space for investors at the LNG zone. "PQA has informed the Ministry of Petroleum and
Published 11 Aug, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (August 10, 2011).

Published 11 Aug, 2011 12:00am
LNG import project may face big setback

LNG import project may face big setback

The Liquefied Natural Gas (LNG) import project is likely to face a big setback, as the Port Qasim Authority (PQA) has reportedly deviated from its stance on allocation of space for investors at the LNG zone. "PQA has informed the Ministry of Petroleum and
Published 11 Aug, 2011 12:00am
Clearance of Pepco's Rs 150 billion dues: meeting to discuss roadmap

Clearance of Pepco's Rs 150 billion dues: meeting to discuss roadmap

The government has decided to invite heads of loss-making distribution companies (discos) for explanation of high losses as well as independent power producers (IPPs) to discuss a roadmap for clearance of their Rs 150 billion dues against Pepco, it is lea
Published 11 Aug, 2011 12:00am
Clearance of Pepco's Rs 150 billion dues: meeting to discuss roadmap

Clearance of Pepco's Rs 150 billion dues: meeting to discuss roadmap

The government has decided to invite heads of loss-making distribution companies (discos) for explanation of high losses as well as independent power producers (IPPs) to discuss a roadmap for clearance of their Rs 150 billion dues against Pepco, it is lea
Published 11 Aug, 2011 12:00am
Clearance of Pepco''s Rs 150 billion dues: meeting to discuss roadmap

Clearance of Pepco''s Rs 150 billion dues: meeting to discuss roadmap

The government has decided to invite heads of loss-making distribution companies (discos) for explanation of high losses as well as independent power producers (IPPs) to discuss a roadmap for clearance of their Rs 150 billion dues against Pepco, it is lea
Published 11 Aug, 2011 12:00am
BADLY BRUISED BRITAIN: three Pakistanis killed

BADLY BRUISED BRITAIN: three Pakistanis killed

Three Pakistani-Britishers died Wednesday after being hit by a car during riots in the central English city of Birmingham, officials said, as witnesses said they died while trying to protect their community from looters. They were identified as Shehzad Hu
Published 11 Aug, 2011 12:00am
BADLY BRUISED BRITAIN: three Pakistanis killed

BADLY BRUISED BRITAIN: three Pakistanis killed

Three Pakistani-Britishers died Wednesday after being hit by a car during riots in the central English city of Birmingham, officials said, as witnesses said they died while trying to protect their community from looters. They were identified as Shehzad Hu
Published 11 Aug, 2011 12:00am
Father too late to save dying son

Father too late to save dying son

A father described on Wednesday how he rushed to aid a dying man hit by a car during riots in the English city of Birmingham only to find it was his 21-year-old son. "I heard the thud, ran around and I saw three people on the ground," Tariq Jahan told rep
Published 11 Aug, 2011 12:00am
Father too late to save dying son

Father too late to save dying son

A father described on Wednesday how he rushed to aid a dying man hit by a car during riots in the English city of Birmingham only to find it was his 21-year-old son. "I heard the thud, ran around and I saw three people on the ground," Tariq Jahan told rep
Published 11 Aug, 2011 12:00am
Rioting spreads, Cameron vows crackdown

Rioting spreads, Cameron vows crackdown

Prime Minister David Cameron said on Wednesday "a fightback is under way" to restore law and order to Britain's streets despite rioting, looting and arson by gangs of youths spreading from London to other cities. Youths fought running battles with police
Published 11 Aug, 2011 12:00am
Rioting spreads, Cameron vows crackdown

Rioting spreads, Cameron vows crackdown

Prime Minister David Cameron said on Wednesday "a fightback is under way" to restore law and order to Britain's streets despite rioting, looting and arson by gangs of youths spreading from London to other cities. Youths fought running battles with police
Published 11 Aug, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 10, 2011).

Published 11 Aug, 2011 12:00am
19 Brigadiers promoted

19 Brigadiers promoted

The Pakistan Army Promotion Board has approved the promotion of 19 Brigadiers to the rank of Major General on Wednesday. The decision to this effect was made at the promotion board meeting held at the General Headquarters in Rawalpindi with Chief of Army
Published 11 Aug, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 10, 2011).

Published 11 Aug, 2011 12:00am
19 Brigadiers promoted

19 Brigadiers promoted

The Pakistan Army Promotion Board has approved the promotion of 19 Brigadiers to the rank of Major General on Wednesday. The decision to this effect was made at the promotion board meeting held at the General Headquarters in Rawalpindi with Chief of Army
Published 11 Aug, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (August 10, 2011).

Published 11 Aug, 2011 12:00am
ST, FED returns: date extended

ST, FED returns: date extended

In order to facilitate the business community, the Federal Board of Revenue (FBR) has decided to extend the date for payment of sales tax/federal excise duty (FED) for the Tax Period of July 2011 upto August 20 and filing of sales tax and federal excise r
Published 11 Aug, 2011 12:00am
ST, FED returns: date extended

ST, FED returns: date extended

In order to facilitate the business community, the Federal Board of Revenue (FBR) has decided to extend the date for payment of sales tax/federal excise duty (FED) for the Tax Period of July 2011 upto August 20 and filing of sales tax and federal excise r
Published 11 Aug, 2011 12:00am
ST, FED returns: date extended

ST, FED returns: date extended

In order to facilitate the business community, the Federal Board of Revenue (FBR) has decided to extend the date for payment of sales tax/federal excise duty (FED) for the Tax Period of July 2011 upto August 20 and filing of sales tax and federal excise r
Published 11 Aug, 2011 12:00am
SRB to collect FED on services

SRB to collect FED on services

The Sindh Revenue Board (SRB) has decided to collect federal excise duty on services (FEDoS) from all taxpayer companies and individuals, Business Recorder learnt on Wednesday. This decision was taken in the light of the advice furnished by Sindh L
Published 11 Aug, 2011 12:00am
Four US diplomats denied entry to Peshawar

Four US diplomats denied entry to Peshawar

Four officials from US Islamabad Embassy on Wednesday were sent back from Peshawar for reportedly not holding NOC. According to a report, after the 2nd May incident a vigilant security check has been kept on the movement of US diplomats. On Wednesday, fou
Published 11 Aug, 2011 12:00am
ANP wants National Assembly debate over revenue collection figures

ANP wants National Assembly debate over revenue collection figures

Awami National Party (ANP) on Wednesday demanded of the government to discuss the issue of alleged figures'' fudging by Federal Board of Revenue (FBR) in the National Assembly. Bushra Gohar of ANP said on the floor of the Lower House that the allegations
Published 11 Aug, 2011 12:00am
ANP wants National Assembly debate over revenue collection figures

ANP wants National Assembly debate over revenue collection figures

Awami National Party (ANP) on Wednesday demanded of the government to discuss the issue of alleged figures' fudging by Federal Board of Revenue (FBR) in the National Assembly. Bushra Gohar of ANP said on the floor of the Lower House that the allegations o
Published 11 Aug, 2011 12:00am
THE RUPEE: dollar down further

THE RUPEE: dollar down further

Higher trend was seen on the local currency market on Wednesday as the rupee posted fresh gains against dollar due to easy supply of the US currency, dealers said. The rupee extended fresh gains in relation to dollar, gaining 10 paisa for buying and selli
Published 11 Aug, 2011 12:00am
ANP wants National Assembly debate over revenue collection figures

ANP wants National Assembly debate over revenue collection figures

Awami National Party (ANP) on Wednesday demanded of the government to discuss the issue of alleged figures' fudging by Federal Board of Revenue (FBR) in the National Assembly. Bushra Gohar of ANP said on the floor of the Lower House that the allegations o
Published 11 Aug, 2011 12:00am
THE RUPEE: dollar down further

THE RUPEE: dollar down further

Higher trend was seen on the local currency market on Wednesday as the rupee posted fresh gains against dollar due to easy supply of the US currency, dealers said. The rupee extended fresh gains in relation to dollar, gaining 10 paisa for buying and selli
Published 11 Aug, 2011 12:00am
Pakistan to extradite Bali bomb suspect to Indonesia

Pakistan to extradite Bali bomb suspect to Indonesia

Pakistani authorities have completed formalities to extradite the most wanted terror suspect in the deadly 2002 Bali bombing to Indonesia. Indonesian al Qaeda operative Umar Patek is wanted in the deadly Bali bombings, who was arrested from Abbottabad in
Published 11 Aug, 2011 12:00am
Pakistan to extradite Bali bomb suspect to Indonesia

Pakistan to extradite Bali bomb suspect to Indonesia

Pakistani authorities have completed formalities to extradite the most wanted terror suspect in the deadly 2002 Bali bombing to Indonesia. Indonesian al Qaeda operative Umar Patek is wanted in the deadly Bali bombings, who was arrested from Abbottabad in
Published 11 Aug, 2011 12:00am