News Archives for Print - 2011-08-30

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

Afghan Taliban want to develop mining sector

The leader of the Afghan Taliban said his group wants to boost the country's mining and energy sectors once it regains strength after the Nato-led force fighting them pulls out in 2014. Interest in economic stability and investment in mining marks a new a

Published 30 Aug, 2011 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

ST/FE new format: FBR receives over 24,500 returns

The Federal Board of Revenue (FBR) has received over and above 24,500 returns on new format of sales tax and federal excise notified on August 24, 2011. It is learnt that the officers of FBR Inland Revenue Wing and Pakistan Revenue Automaton Limited (PRAL

Published 30 Aug, 2011 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

ST/FE new format: FBR receives over 24,500 returns

The Federal Board of Revenue (FBR) has received over and above 24,500 returns on new format of sales tax and federal excise notified on August 24, 2011. It is learnt that the officers of FBR Inland Revenue Wing and Pakistan Revenue Automaton Limited (PRAL

Published 30 Aug, 2011 12:00am

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

ST/FE new format: FBR receives over 24,500 returns

The Federal Board of Revenue (FBR) has received over and above 24,500 returns on new format of sales tax and federal excise notified on August 24, 2011. It is learnt that the officers of FBR Inland Revenue Wing and Pakistan Revenue Automaton Limited (PRAL

Published 30 Aug, 2011 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Monday (August 29, 2011)

Published 30 Aug, 2011 12:00am

Italian energy giant ENI signs deal with Libya rebels

Italian energy major ENI signed an agreement with the Libyan rebel leadership on Monday aimed at resuming its massive operations in the war-torn country and re-starting gas supplies to Italy. The deal also includes an urgent shipment of fuel for the Libya

Published 30 Aug, 2011 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Monday (August 29, 2011)

Published 30 Aug, 2011 12:00am

Italian energy giant ENI signs deal with Libya rebels

Italian energy major ENI signed an agreement with the Libyan rebel leadership on Monday aimed at resuming its massive operations in the war-torn country and re-starting gas supplies to Italy. The deal also includes an urgent shipment of fuel for the Libya

Published 30 Aug, 2011 12:00am

Pakistan Government International Bonds

Pakistan Government International Bonds daily prices for Monday (August 29, 2011)

Published 30 Aug, 2011 12:00am

Italian energy giant ENI signs deal with Libya rebels

Italian energy major ENI signed an agreement with the Libyan rebel leadership on Monday aimed at resuming its massive operations in the war-torn country and re-starting gas supplies to Italy. The deal also includes an urgent shipment of fuel for the Libya

Published 30 Aug, 2011 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

Eid in parts of Khyber Pakhtunkhwa today

Mufti Shahabuddin Populzai of Qasim Ali Khan mosque Peshawar announced that Shawwal moon has been sighted in Peshawar and Eid-ul-Fitr would be celebrated today (Tuesday), Aaj News reported. Talking to media after a meeting of moon sighting committe

Published 30 Aug, 2011 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

Eid in parts of Khyber Pakhtunkhwa today

Mufti Shahabuddin Populzai of Qasim Ali Khan mosque Peshawar announced that Shawwal moon has been sighted in Peshawar and Eid-ul-Fitr would be celebrated today (Tuesday), Aaj News reported. Talking to media after a meeting of moon sighting committe

Published 30 Aug, 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 Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

PCGA''s demands accepted by FBR: circular issued

The Chairman of Pakistan Cotton Ginners Association (PCGA) Chaudhry, Masood A Majeed, has said that the Federal Board of Revenue has issued a circular, No 10 (income tax 2011) in which all demands raised by the ginners were accepted besides withdrawal of

Published 30 Aug, 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 Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

PCGA's demands accepted by FBR: circular issued

The Chairman of Pakistan Cotton Ginners Association (PCGA) Chaudhry, Masood A Majeed, has said that the Federal Board of Revenue has issued a circular, No 10 (income tax 2011) in which all demands raised by the ginners were accepted besides withdrawal of

Published 30 Aug, 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 Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

PCGA's demands accepted by FBR: circular issued

The Chairman of Pakistan Cotton Ginners Association (PCGA) Chaudhry, Masood A Majeed, has said that the Federal Board of Revenue has issued a circular, No 10 (income tax 2011) in which all demands raised by the ginners were accepted besides withdrawal of

Published 30 Aug, 2011 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

Zardari due in Urumqi today

President Asif Ali Zardari will arrive here on Tuesday on a three-day visit to China to participate in the first China-Eurasia Expo being held in this capital city of Xingjian Uygur Autonomous Region from September 1 to 5. Besides attending the Expo, whic

Published 30 Aug, 2011 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

Zardari due in Urumqi today

President Asif Ali Zardari will arrive here on Tuesday on a three-day visit to China to participate in the first China-Eurasia Expo being held in this capital city of Xingjian Uygur Autonomous Region from September 1 to 5. Besides attending the Expo, whic

Published 30 Aug, 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 Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

Zardari due in Urumqi today

President Asif Ali Zardari will arrive here on Tuesday on a three-day visit to China to participate in the first China-Eurasia Expo being held in this capital city of Xingjian Uygur Autonomous Region from September 1 to 5. Besides attending the Expo, whic

Published 30 Aug, 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 Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

Zardari due in Urumqi today

President Asif Ali Zardari will arrive here on Tuesday on a three-day visit to China to participate in the first China-Eurasia Expo being held in this capital city of Xingjian Uygur Autonomous Region from September 1 to 5. Besides attending the Expo, whic

Published 30 Aug, 2011 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

Amnesty offered to 'stone throwers' in IHK

Indian occupied Kashmir has declared an amnesty for more than 1,000 youths alleged to have attacked security forces during pro-independence protests last year in which more than 100 civilians died. Kashmir was rocked for months last summer by clashes betw

Published 30 Aug, 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 30 Aug, 2011 12:00am

Amnesty offered to 'stone throwers' in IHK

Indian occupied Kashmir has declared an amnesty for more than 1,000 youths alleged to have attacked security forces during pro-independence protests last year in which more than 100 civilians died. Kashmir was rocked for months last summer by clashes betw

Published 30 Aug, 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 30 Aug, 2011 12:00am

LSE loses 23.07 points

Bearish sentiment prevailed at Lahore Stock Exchange on Monday where equities registered declines amid marginally decreased and descending transaction volume on account of lack of interest on the part of investors. The LSE-25 index lost 23.07 points and c

Published 30 Aug, 2011 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am

LSE loses 23.07 points

Bearish sentiment prevailed at Lahore Stock Exchange on Monday where equities registered declines amid marginally decreased and descending transaction volume on account of lack of interest on the part of investors. The LSE-25 index lost 23.07 points and c

Published 30 Aug, 2011 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 30 Aug, 2011 12:00am

Ogra chief''s forced leave extended

The government has extended the forced leave of Oil and Gas Regulatory Authority (Ogra) Chairman Tauqir Sadiq for another three months. According to sources in Ogra, the government has appointed Sabir Hussain Member Oil Ogra as the acting chairman until t

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Trust deficit and the social contract

The way governments raise resources and allocate them is at the heart of the social contract between citizens and the state. "But what is a social contract? I never signed any contract," the uninitiated ones might quickly retort.

Published 30 Aug, 2011 12:00am

Ogra chief's forced leave extended

The government has extended the forced leave of Oil and Gas Regulatory Authority (Ogra) Chairman Tauqir Sadiq for another three months. According to sources in Ogra, the government has appointed Sabir Hussain Member Oil Ogra as the acting chairman until t

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Ferocious floods and the gibberish government

It has been a year since the great floods started their ravaging course in Pakistan. The resource-strapped government - caught between the devil and the deep blue sea - received incredible shellacking for its handling of the disaster.

Published 30 Aug, 2011 12:00am

Ogra chief's forced leave extended

The government has extended the forced leave of Oil and Gas Regulatory Authority (Ogra) Chairman Tauqir Sadiq for another three months. According to sources in Ogra, the government has appointed Sabir Hussain Member Oil Ogra as the acting chairman until t

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Subsidies: missing the target

Social Protection or social 'welfare', as it is commonly known, is an important component of state policy virtually everywhere in the world. Arguably, it is one of the central elements that define the state-citizen relationship. The utility of social prot

Published 30 Aug, 2011 12:00am

Altaf Husain: British HC rejects reports

British High Commissioner Adam Thomson on Thursday contradicted the news reports regarding arrest of the Muttahida Qaumi Movement (MQM) chief Altaf Hussain, saying British government neither kept MQM chief under house arrest nor under observation and he (

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Disappointing years of little growth

Dr Hussain has to his credit the setting up of various institutions, including the organisations mandated with poverty-reduction like Pakistan Poverty Alleviation Fund (PPAF) and Punjab Rural Support Programme (PRSP).

Published 30 Aug, 2011 12:00am

Altaf Husain: British HC rejects reports

British High Commissioner Adam Thomson on Thursday contradicted the news reports regarding arrest of the Muttahida Qaumi Movement (MQM) chief Altaf Hussain, saying British government neither kept MQM chief under house arrest nor under observation and he (

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Macroeconomic impetus to 'poverty elevation'

The less said about the priority given to development initiatives and poverty reduction in Pakistan, the better. A glance at the country's policy books will show there are, perhaps, better things on policymakers' minds, such as how to control the fiscal d

Published 30 Aug, 2011 12:00am

Asfandyar urges CJP to call Mirza

Asfandyar Wali Khan, chief of Awami National Party (ANP), has said that across the board and even-handed operation against criminals is the only solution to Karachi's problem and for establishment of long-lasting peace in the financial capital of the coun

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Of devolution, plurality and open minds

Shamsh Kassim-Lakha served as Pakistan's Minister of Education, Science & Technology in the caretaker government in 2007-8. He currently chairs the board of Pakistan Centre for Philanthropy and sits on the board of Higher Education Commission of Pakistan

Published 30 Aug, 2011 12:00am

Asfandyar urges CJP to call Mirza

Asfandyar Wali Khan, chief of Awami National Party (ANP), has said that across the board and even-handed operation against criminals is the only solution to Karachi's problem and for establishment of long-lasting peace in the financial capital of the coun

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Planning Commission needs to reinvent

Pakistan's best hope today comes from the same building that housed economists and policymakers credited with the 'decade of development' back in the 1960s and early 1970s. But if the commission must relive its glory days, then sooner than later it must l

Published 30 Aug, 2011 12:00am

Killings in Karachi: tell us the reasons, Supreme Court asks AGP

A five-member larger bench of the Supreme Court of Pakistan headed by Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Monday began the proceedings of a suo motu case on Karachi unrest. The other bench members are Justice Anwar Zaheer Jamali, Justi

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - The yawning urban-rural gap

Asad Umar is the President of Engro Corporation Limited, Chairman of all Engro subsidiaries and joint ventures, and Chief Executive Officer of Engro Fertilisers Limited. Mr Umar sits on the Boards of Pakistan Business Council, Karachi Education Initiative

Published 30 Aug, 2011 12:00am

Killings in Karachi: tell us the reasons, Supreme Court asks AGP

A five-member larger bench of the Supreme Court of Pakistan headed by Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Monday began the proceedings of a suo motu case on Karachi unrest. The other bench members are Justice Anwar Zaheer Jamali, Justi

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Failing as citizens

The systems that got us into this mess will not be the systems that will get us out of it. They simply cannot be. We have something systemically wrong with us. Not as a nation, as a global community. As an era. For all the rosy pictures we can paint, for

Published 30 Aug, 2011 12:00am

Mirza's salvo against Malik, MQM: Zardari disowns allegations

The Statement of Dr Zulfiqar Mirza, former Senior Minister Sindh and law and order situation in Karachi was discussed at a high level meeting in the Presidency on Monday, it is learnt.

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Shah optimistic about Pakistan's future

Dr Shah was the Minister for Finance and Revenue in the caretaker government of 2007-08. He also served as an advisor to then Prime Minister on finance and revenue (2004-07). Previously, he served as Associate Dean at Lahore University of Management Scien

Published 30 Aug, 2011 12:00am

Mirza's salvo against Malik, MQM: Zardari disowns allegations

The Statement of Dr Zulfiqar Mirza, former Senior Minister Sindh and law and order situation in Karachi was discussed at a high level meeting in the Presidency on Monday, it is learnt.

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Developing human capital

For a country bestowed with immense natural resources, sharp increases in poverty, income inequality, deteriorating environmental base and acute shortage of energy present an unusual case of economic mismanagement. What follows is a brief glimpse of how t

Published 30 Aug, 2011 12:00am

SRB makes changes in ST law

In exercise of the powers conferred by sub-section (1) of section-10 of Sindh Sales Tax on Services Act 2011, the Sindh Revenue Board (SRB) with approval of Government of Sindh, is pleased to direct the following amendments relating to exemption from Sale

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - More money won't fix it

Dr Nadeem ul Haque, Deputy Chairman, Planning Commission, is a well-known Pakistani economist with extensive experience in the international policy and research environment. In a 27-year career at the IMF, he served as Advisor in the Research Department a

Published 30 Aug, 2011 12:00am

SRB makes changes in ST law

In exercise of the powers conferred by sub-section (1) of section-10 of Sindh Sales Tax on Services Act 2011, the Sindh Revenue Board (SRB) with approval of Government of Sindh, is pleased to direct the following amendments relating to exemption from Sale

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Empower private sector for better growth

Improving returns on all factors of production as well as encouraging efficiency in the production of goods and services have been termed as fundamental pillars of the 'New Growth Strategy' formulated by the country's Planning Commission.

Published 30 Aug, 2011 12:00am

SRB makes changes in ST law

In exercise of the powers conferred by sub-section (1) of section-10 of Sindh Sales Tax on Services Act 2011, the Sindh Revenue Board (SRB) with approval of Government of Sindh, is pleased to direct the following amendments relating to exemption from Sale

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Is PSDP relevant for growth?

Is the Public Sector Development Program (PSDP) as an instrument of fiscal policy dead? Traditionally, governments all over the world have used comprehensively designed development portfolios in order to steer gains in infrastructure development and human

Published 30 Aug, 2011 12:00am

Eid in GCC countries today

Saudi Arabia announced Monday that the Eid al-Fitr feast marking the end of the fasting month of Ramadan will be on Tuesday, in a statement aired on state television Al-Ekhbariyah. Religious authorities in Saudi Arabia, home to Islam's holiest shrines, sa

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - A burgeoning education deficit

Dr Hussain served as governor of the State Bank of Pakistan for two terms (1999 to 2005). In May 2006, he was appointed Chairman of the 'National Commission for Government Reforms', where he undertook an exhaustive two-year review of civil services and ov

Published 30 Aug, 2011 12:00am

Eid in GCC countries today

Saudi Arabia announced Monday that the Eid al-Fitr feast marking the end of the fasting month of Ramadan will be on Tuesday, in a statement aired on state television Al-Ekhbariyah. Religious authorities in Saudi Arabia, home to Islam's holiest shrines, sa

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Transition towards new 'growth framework'

The state of Pakistan's macroeconomic situation and its present growth prospects are widely known. There is clearly big trouble in little Pakistan, and we are running from pillar to post to raise money, nationally and internationally, to keep ourselves af

Published 30 Aug, 2011 12:00am

Eid tomorrow

The new Shawwal moon may be sighted today (Tuesday), according to astronomical parameters. Therefore, the first of Shawwal, 1432 AH will fall tomorrow (Wednesday). The moon crossed the conjunction line on Monday at 0804 Pakistan Standard Time (PST). The s

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Nothing sweet at tea with Pashas

Dr Pasha is currently serving as the Chairman of the Advisory Panel of Economists to the Planning Commission and Convenor of the Economic Advisory Council of the Prime Minister of Pakistan. He has formerly been Federal Minister for Commerce and Trade, Fin

Published 30 Aug, 2011 12:00am

Eid tomorrow

The new Shawwal moon may be sighted today (Tuesday), according to astronomical parameters. Therefore, the first of Shawwal, 1432 AH will fall tomorrow (Wednesday). The moon crossed the conjunction line on Monday at 0804 Pakistan Standard Time (PST). The s

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - FBR Beyond Reforms

Aziz served as Federal Minister four times: Food and Agriculture (1985-88), Finance and Revenue affairs (1990-93 and 1997-98), and Foreign affairs (1998-99). He was elected to the Pakistan Senate in March 1985 and remained its member till October 1999. He

Published 30 Aug, 2011 12:00am

BRIndex30 up 11.09 points

On Monday, the BRIndex30 opened at 7,929.13 points. It touched the intra-day high of 7,951.60 points and low of 7,803.18 points and closed at 7,940.22 points with a net positive change of 11.09 points, or 0.14 percent higher than previous close. The volum

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - PTR: a home-grown opium

Policies in Pakistan tend to be abused more than used. And more often than not it's the design of the policy itself that is inherently wanting and short-sighted, which is then cashed in on by those with malafide intentions.

Published 30 Aug, 2011 12:00am

BRIndex30 up 11.09 points

On Monday, the BRIndex30 opened at 7,929.13 points. It touched the intra-day high of 7,951.60 points and low of 7,803.18 points and closed at 7,940.22 points with a net positive change of 11.09 points, or 0.14 percent higher than previous close. The volum

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Carrots and sticks to raise taxes

Siddiq has been working as the Secretary for Revenue Division and Chairman FBR since December 24, 2010. Previously, he has served as Secretary, Finance Division; Secretary, Ministry of Kashmir Affairs & Northern Affairs, Chief Secretary and Principal Secr

Published 30 Aug, 2011 12:00am

Index gains 2.12 points

Late buying in some select stocks by both local and foreign investors on Monday supported the KSE-100 index to recover its intra-day losses and to close in positive at 10,903.88 level with meagre gain of 2.12 points. The market opened in deep red, and the

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Why FBR's facilitation didn't work?

The country's tax administration is often perceived as inefficient, vexatious and corrupt by the general public. The political and financial leaders complain of a static tax base, inelastic revenues, arbitrariness of policies & procedures, lack of measura

Published 30 Aug, 2011 12:00am

Index gains 2.12 points

Late buying in some select stocks by both local and foreign investors on Monday supported the KSE-100 index to recover its intra-day losses and to close in positive at 10,903.88 level with meagre gain of 2.12 points. The market opened in deep red, and the

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - The goose that lays the golden eggs

"Certainty? In this world nothing is certain but death and taxes" - Benjamin Franklin. I am sure that Corporate Pakistan (CorPak) will vehemently disagree with Mr Franklin; taxes are never certain, you keep disputing them with the Federal Board of Revenue

Published 30 Aug, 2011 12:00am

Index gains 2.12 points

Late buying in some select stocks by both local and foreign investors on Monday supported the KSE-100 index to recover its intra-day losses and to close in positive at 10,903.88 level with meagre gain of 2.12 points. The market opened in deep red, and the

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Tax base broadening

Out of a population of over 180 million people; only about 2.8 million are registered tax payers with their own National Tax Numbers (NTN). Additionally, one-fourth of these registered tax payers are non-compliant.

Published 30 Aug, 2011 12:00am

31.2 percent decrease in August ST collection

The net sales tax collection on domestic consumption has shown a major decrease of 31.2 percent during August 2011 as total sales tax collection from domestic commodities, supplies and other local stages amounted to Rs 17.746 billion during August 2011 ag

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - The impediment to trade with India

Dr Siddiqa is a noted author, academician and analyst on defence and security issues. She has authored two books on Pakistan's military: 'Pakistan's Arms Procurement and Military Build-up, 1979-99: In Search of a Policy' (2001), and 'Military Inc, Inside

Published 30 Aug, 2011 12:00am

31.2 percent decrease in August ST collection

The net sales tax collection on domestic consumption has shown a major decrease of 31.2 percent during August 2011 as total sales tax collection from domestic commodities, supplies and other local stages amounted to Rs 17.746 billion during August 2011 ag

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - "As long as army exists, Pakistan will exist"

Sehgal is a retired army officer, a respected entrepreneur, and a defence analyst. He is the Chairman of 'Pathfinder Group' which controls two of the largest private security companies in Pakistan. Sehgal is the former Chairman of All Pakistan Security Ag

Published 30 Aug, 2011 12:00am

31.2 percent decrease in August ST collection

The net sales tax collection on domestic consumption has shown a major decrease of 31.2 percent during August 2011 as total sales tax collection from domestic commodities, supplies and other local stages amounted to Rs 17.746 billion during August 2011 ag

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - The case of rising remittances

A week before Najmus Saqib was kidnapped, BR Research met him at his office, where, quite tragically, he said the following words near the end of his interview: 'we are cracking down against those involved in illegal transfers of foreign exchange and we m

Published 30 Aug, 2011 12:00am

Diesel generators import: massive evasion of duties, taxes unearthed

The Directorate General of Post-Clearance Audit (PCA), Federal Board of Revenue (FBR), has unearthed massive evasion of duties and taxes on import of diesel generators, involving certain importers who violated customs duty, sales tax exemption/zero rating

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - ZERO INVESTMENT, BIG RETURNS

For developing countries, the three main sources to garner dollars are FDIs, exports and remittances. The inflows from these channels play an equally important part in stabilising local currency and improving economic activity. Nevertheless, each revenue

Published 30 Aug, 2011 12:00am

Diesel generators import: massive evasion of duties, taxes unearthed

The Directorate General of Post-Clearance Audit (PCA), Federal Board of Revenue (FBR), has unearthed massive evasion of duties and taxes on import of diesel generators, involving certain importers who violated customs duty, sales tax exemption/zero rating

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Making capital markets work

Muhammad, appointed Chairman of the SECP in December 2010, has an extensive and diversified corporate and financial markets experience spread over 20 years. An MBA from the Institute of Business Administration (IBA), Ali started his career with Citibank a

Published 30 Aug, 2011 12:00am

Diesel generators import: massive evasion of duties, taxes unearthed

The Directorate General of Post-Clearance Audit (PCA), Federal Board of Revenue (FBR), has unearthed massive evasion of duties and taxes on import of diesel generators, involving certain importers who violated customs duty, sales tax exemption/zero rating

Published 30 Aug, 2011 12:00am

FISCAL REVIEW 2011 - Capital Markets after budget FY12

Capital markets are driven by liquidity and the recently announced fiscal bill falls short of addressing key liquidity concerns including the mounting inter-corporate debt in the power sector which is not only hampering the power sector, but also continue

Published 30 Aug, 2011 12:00am

Financial documents: Federal Cabinet approves Pepco''s revision

Federal Cabinet has, reportedly, approved Pakistan Electric Power Company''s (Pepco) revision of financial documents at the behest of foreign lenders subsequent to their finalisation by relevant ministries for the 425MW combined cycle power project Nandip

Published 30 Aug, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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