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Print - 2013-06-15
FBR begins assessing inventories of all ghee, oil makers

FBR begins assessing inventories of all ghee, oil makers

The Federal Board of Revenue (FBR) has started assessing the inventories of all ghee/oil manufacturers to ascertain the actual position of stocks of locally-produced oil in June this year. The FBR issued instructions in this regard to its Large Taxpayer U
Published 15 Jun, 2013 12:00am
FBR begins assessing inventories of all ghee, oil makers

FBR begins assessing inventories of all ghee, oil makers

The Federal Board of Revenue (FBR) has started assessing the inventories of all ghee/oil manufacturers to ascertain the actual position of stocks of locally-produced oil in June this year. The FBR issued instructions in this regard to its Large Taxpayer U
Published 15 Jun, 2013 12:00am
FBR begins assessing inventories of all ghee, oil makers

FBR begins assessing inventories of all ghee, oil makers

The Federal Board of Revenue (FBR) has started assessing the inventories of all ghee/oil manufacturers to ascertain the actual position of stocks of locally-produced oil in June this year. The FBR issued instructions in this regard to its Large Taxpayer U
Published 15 Jun, 2013 12:00am
Budget debate in National Assembly, Senate begins today

Budget debate in National Assembly, Senate begins today

National Assembly and the Senate are to commence debate on the new financial budget from Saturday (today). The Lower House will meet at 11:00 am and the Senate at 04:00 pm. Members from the treasury and the opposition benches will hold threadbare discussi
Published 15 Jun, 2013 12:00am
Budget debate in National Assembly, Senate begins today

Budget debate in National Assembly, Senate begins today

National Assembly and the Senate are to commence debate on the new financial budget from Saturday (today). The Lower House will meet at 11:00 am and the Senate at 04:00 pm. Members from the treasury and the opposition benches will hold threadbare discussi
Published 15 Jun, 2013 12:00am
Budget debate in National Assembly, Senate begins today

Budget debate in National Assembly, Senate begins today

National Assembly and the Senate are to commence debate on the new financial budget from Saturday (today). The Lower House will meet at 11:00 am and the Senate at 04:00 pm. Members from the treasury and the opposition benches will hold threadbare discussi
Published 15 Jun, 2013 12:00am
16 percent FED imposed on services provided by AMCs

16 percent FED imposed on services provided by AMCs

The Federal Board of Revenue has imposed federal excise duty on services provided by Asset Management Companies from June 13, 2013. According to the budget instructions issued by the FBR to the field formations here on Friday, the federal excise duty @ 16
Published 15 Jun, 2013 12:00am
16 percent FED imposed on services provided by AMCs

16 percent FED imposed on services provided by AMCs

The Federal Board of Revenue has imposed federal excise duty on services provided by Asset Management Companies from June 13, 2013. According to the budget instructions issued by the FBR to the field formations here on Friday, the federal excise duty @ 16
Published 15 Jun, 2013 12:00am
16 percent FED imposed on services provided by AMCs

16 percent FED imposed on services provided by AMCs

The Federal Board of Revenue has imposed federal excise duty on services provided by Asset Management Companies from June 13, 2013. According to the budget instructions issued by the FBR to the field formations here on Friday, the federal excise duty @ 16
Published 15 Jun, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (June 14, 2013).
Published 15 Jun, 2013 12:00am
ST hike became effective from June 13: LTUs, RTOs told

ST hike became effective from June 13: LTUs, RTOs told

The Federal Board of Revenue has directed the field formations to charge enhanced rate of 17 percent sales tax from June 13, 2013. It is learnt here on Friday that the FBR has issued budgetary instructions (2013-14) of sales tax and federal excise to the
Published 15 Jun, 2013 12:00am
ST hike became effective from June 13: LTUs, RTOs told

ST hike became effective from June 13: LTUs, RTOs told

The Federal Board of Revenue has directed the field formations to charge enhanced rate of 17 percent sales tax from June 13, 2013. It is learnt here on Friday that the FBR has issued budgetary instructions (2013-14) of sales tax and federal excise to the
Published 15 Jun, 2013 12:00am
ST hike became effective from June 13: LTUs, RTOs told

ST hike became effective from June 13: LTUs, RTOs told

The Federal Board of Revenue has directed the field formations to charge enhanced rate of 17 percent sales tax from June 13, 2013. It is learnt here on Friday that the FBR has issued budgetary instructions (2013-14) of sales tax and federal excise to the
Published 15 Jun, 2013 12:00am
BRIndex30 sheds 78.86 points

BRIndex30 sheds 78.86 points

On Friday, BRIndex30 opened at 14,590.51. It touched an intraday high of 14,600.87 and an intraday low of 14,424.53 and closed at 14,511.65 which was -78.86 points or -0.54 percent lower than previous close. Total volume was 328,768,800, which was 67.3 pe
Published 15 Jun, 2013 12:00am
BRIndex30 sheds 78.86 points

BRIndex30 sheds 78.86 points

On Friday, BRIndex30 opened at 14,590.51. It touched an intraday high of 14,600.87 and an intraday low of 14,424.53 and closed at 14,511.65 which was -78.86 points or -0.54 percent lower than previous close. Total volume was 328,768,800, which was 67.3 pe
Published 15 Jun, 2013 12:00am
Index sheds 216.08 points

Index sheds 216.08 points

After witnessing several bull-runs, the KSE-100 share index Friday shed 216.08 points to close at 22,541.64 points against 22,757.72 points Thursday. A ''day of mourning'' was observed in the city on the call of MQM in protest against killing of its party
Published 15 Jun, 2013 12:00am
Index sheds 216.08 points

Index sheds 216.08 points

After witnessing several bull-runs, the KSE-100 share index Friday shed 216.08 points to close at 22,541.64 points against 22,757.72 points Thursday. A 'day of mourning' was observed in the city on the call of MQM in protest against killing of its party w
Published 15 Jun, 2013 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (June 14, 2013).
Published 15 Jun, 2013 12:00am
Index sheds 216.08 points

Index sheds 216.08 points

After witnessing several bull-runs, the KSE-100 share index Friday shed 216.08 points to close at 22,541.64 points against 22,757.72 points Thursday. A 'day of mourning' was observed in the city on the call of MQM in protest against killing of its party w
Published 15 Jun, 2013 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 14, 2013).
Published 15 Jun, 2013 12:00am
Iran votes for new president, Khamenei slams US doubts

Iran votes for new president, Khamenei slams US doubts

Millions of Iranians voted to choose a new president on Friday, urged by Supreme Leader Ayatollah Ali Khamenei to turn out in force to discredit suggestions by arch foe the United States that the election would be a sham. The 50 million eligible voters ha
Published 15 Jun, 2013 12:00am
Iran votes for new president, Khamenei slams US doubts

Iran votes for new president, Khamenei slams US doubts

Millions of Iranians voted to choose a new president on Friday, urged by Supreme Leader Ayatollah Ali Khamenei to turn out in force to discredit suggestions by arch foe the United States that the election would be a sham. The 50 million eligible voters ha
Published 15 Jun, 2013 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 Friday (June 14, 2013).
Published 15 Jun, 2013 12:00am
Energy, mass transit: Pakistan, China sign MoU

Energy, mass transit: Pakistan, China sign MoU

Pakistan and China on Friday signed a Memorandum of Understanding (MoU) for co-operation in the fields of energy, mass transit, industrial cities and road sector projects. The MoU was signed between Ministry of Water and Power and China-based M/s Norinco
Published 15 Jun, 2013 12:00am
Energy, mass transit: Pakistan, China sign MoU

Energy, mass transit: Pakistan, China sign MoU

Pakistan and China on Friday signed a Memorandum of Understanding (MoU) for co-operation in the fields of energy, mass transit, industrial cities and road sector projects. The MoU was signed between Ministry of Water and Power and China-based M/s Norinco
Published 15 Jun, 2013 12:00am
Energy, mass transit: Pakistan, China sign MoU

Energy, mass transit: Pakistan, China sign MoU

Pakistan and China on Friday signed a Memorandum of Understanding (MoU) for co-operation in the fields of energy, mass transit, industrial cities and road sector projects. The MoU was signed between Ministry of Water and Power and China-based M/s Norinco
Published 15 Jun, 2013 12:00am
IMF cuts US 2014 growth forecast

IMF cuts US 2014 growth forecast

The IMF cut its US growth forecast for 2014 to 2.7 percent after 1.9 percent this year, saying growth is being held back by "excessively rapid and ill-designed" government spending cuts. The government''s sequester cuts are taking up to 1.75 percentage po
Published 15 Jun, 2013 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 Friday (June 14, 2013).
Published 15 Jun, 2013 12:00am
IMF cuts US 2014 growth forecast

IMF cuts US 2014 growth forecast

The IMF cut its US growth forecast for 2014 to 2.7 percent after 1.9 percent this year, saying growth is being held back by "excessively rapid and ill-designed" government spending cuts. The government's sequester cuts are taking up to 1.75 percentage poi
Published 15 Jun, 2013 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 Friday (June 14, 2013).
Published 15 Jun, 2013 12:00am
IMF cuts US 2014 growth forecast

IMF cuts US 2014 growth forecast

The IMF cut its US growth forecast for 2014 to 2.7 percent after 1.9 percent this year, saying growth is being held back by "excessively rapid and ill-designed" government spending cuts. The government's sequester cuts are taking up to 1.75 percentage poi
Published 15 Jun, 2013 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 Friday (June 14, 2013).
Published 15 Jun, 2013 12:00am
July-May FDI crosses $1 billion mark

July-May FDI crosses $1 billion mark

The Foreign Direct Investment (FDI) has crossed one billion dollar mark, up by 72 percent, during the first 11 months of current fiscal year. For last three months the FDI inflows are presenting a glossy picture and continue to surge despite several domes
Published 15 Jun, 2013 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 15 Jun, 2013 12:00am
July-May FDI crosses $1 billion mark

July-May FDI crosses $1 billion mark

The Foreign Direct Investment (FDI) has crossed one billion dollar mark, up by 72 percent, during the first 11 months of current fiscal year. For last three months the FDI inflows are presenting a glossy picture and continue to surge despite several domes
Published 15 Jun, 2013 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 15 Jun, 2013 12:00am
July-May FDI crosses $1 billion mark

July-May FDI crosses $1 billion mark

The Foreign Direct Investment (FDI) has crossed one billion dollar mark, up by 72 percent, during the first 11 months of current fiscal year. For last three months the FDI inflows are presenting a glossy picture and continue to surge despite several domes
Published 15 Jun, 2013 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:
Published 15 Jun, 2013 12:00am
Two-phased implementation: Rs four per unit power tariff hike expected

Two-phased implementation: Rs four per unit power tariff hike expected

Federal government is expected to increase electricity tariff by Rs 4 per unit to be implemented in two phases and would be across-the-board as Prime Minister Nawaz Sharif has given his consent to the proposal floated by the Water and Power Ministry and b
Published 15 Jun, 2013 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:
Published 15 Jun, 2013 12:00am
Two-phased implementation: Rs four per unit power tariff hike expected

Two-phased implementation: Rs four per unit power tariff hike expected

Federal government is expected to increase electricity tariff by Rs 4 per unit to be implemented in two phases and would be across-the-board as Prime Minister Nawaz Sharif has given his consent to the proposal floated by the Water and Power Ministry and b
Published 15 Jun, 2013 12:00am
Two-phased implementation: Rs four per unit power tariff hike expected

Two-phased implementation: Rs four per unit power tariff hike expected

Federal government is expected to increase electricity tariff by Rs 4 per unit to be implemented in two phases and would be across-the-board as Prime Minister Nawaz Sharif has given his consent to the proposal floated by the Water and Power Ministry and b
Published 15 Jun, 2013 12:00am
Bridge Notes: A little risk better than certain death

Bridge Notes: A little risk better than certain death

In a suit contract the problem most declarers face is the timing of the trump extraction. For when the dummy comes down the declarer's primary task is the count of his winners, and losers in order to strike the perfect balance, which can yield him the req
Published 15 Jun, 2013 12:00am
New energy policy anytime soon: Nawaz chairs meeting

New energy policy anytime soon: Nawaz chairs meeting

Prime Minister Nawaz Sharif chaired a high-level meeting on energy situation, here on Friday. The meeting took stock of overall energy situation and examined ways and means to improve it. It was decided in principle to take tangible measures both at incre
Published 15 Jun, 2013 12:00am
A musical journey of love and harmony

A musical journey of love and harmony

Music is a universal language we all understand. It needs no boundaries and limitations. Frank Ocean said, "When you're happy, you enjoy the music. When you are sad, you understand the lyrics. From centuries, music has been contributing a positive, relaxe
Published 15 Jun, 2013 12:00am
New energy policy anytime soon: Nawaz chairs meeting

New energy policy anytime soon: Nawaz chairs meeting

Prime Minister Nawaz Sharif chaired a high-level meeting on energy situation, here on Friday. The meeting took stock of overall energy situation and examined ways and means to improve it. It was decided in principle to take tangible measures both at incre
Published 15 Jun, 2013 12:00am
The Danish king of the waves: how Bluetooth connects gadgets

The Danish king of the waves: how Bluetooth connects gadgets

Smartphones, headsets, keyboards, mice, game controllers, stereos - you name the device, it's probably connectable via Bluetooth. Bluetooth has made massive inroads because of the ease with which it links devices. Basically, just plug it in and wait for t
Published 15 Jun, 2013 12:00am
New energy policy anytime soon: Nawaz chairs meeting

New energy policy anytime soon: Nawaz chairs meeting

Prime Minister Nawaz Sharif chaired a high-level meeting on energy situation, here on Friday. The meeting took stock of overall energy situation and examined ways and means to improve it. It was decided in principle to take tangible measures both at incre
Published 15 Jun, 2013 12:00am
Femme fatale, the aviator or intellectual look - trends in sunglasses

Femme fatale, the aviator or intellectual look - trends in sunglasses

Fashion is not about hiding what you are, it's about expressing your personality and underscoring it. That applies not only to clothes but to sunglasses as well. This summer there are three styles that are setting the trend: "Panto" glasses, frames in the
Published 15 Jun, 2013 12:00am
A dash cam in your car can make motoring safer

A dash cam in your car can make motoring safer

They never take their eyes off the carriageway for a moment and they see everything that happens on the road or in the car. The talk is of dashboard cameras - dash cams for short. A dash cam mounted on the fascia can document your behind-the-wheel behavio
Published 15 Jun, 2013 12:00am
Art Facts: Fusion of traditional and modern calligraphy

Art Facts: Fusion of traditional and modern calligraphy

I know Atif Ali for a long time since his appointment as an Assistant Director Culture in the early 90s. I used to go to Frere Hall where I met him occasionally to have long conversations on art and culture at tea. We discussed various events especially S
Published 15 Jun, 2013 12:00am
Karachi Chronicle: Many modes of kidnapping

Karachi Chronicle: Many modes of kidnapping

Bushra bibi, age 20, daughter of Muhammad Rustum Omari, abducted at Hazara Colony on March 2, 2013. Still missing. -Dr Salim Khokhar, kidnapped at Liaquatabad on May, 28, 2013. Recovered on June 2. Kidnapper shot dead. -Baby Ayan , 10 month-old, abducted
Published 15 Jun, 2013 12:00am
Pakistan's healthcare history: a unique chapter

Pakistan's healthcare history: a unique chapter

When devotion overtakes every other consideration what one ends up doing is setting an example that inspires others to follow suit with even greater zeal. The story of Sindh Institute of Urology & Transplant (SIUT), very ably and comprehensively narrated
Published 15 Jun, 2013 12:00am
Family planning woes

Family planning woes

Two women lose their life in childbirth every hour and seven babies are born every minute, reveal experts who believe that the family planning indicators in Pakistan are in a dismal state. An alarming state of affairs one would think, especially in a coun
Published 15 Jun, 2013 12:00am
Czech leader clings on after close aide charged with graft

Czech leader clings on after close aide charged with graft

Czech Prime Minister Petr Necas was clinging to office on Friday after prosecutors accused his personal assistant of being at the centre of a corrupt web of political favours and secret surveillance.
Published 15 Jun, 2013 12:00am
Hundreds arrested in Brazil transport protests

Hundreds arrested in Brazil transport protests

Hundreds of people were detained across Brazil overnight Friday in fresh clashes between police and youths protesting an increase in mass transit fares on the eve of the Confederations Cup.
Published 15 Jun, 2013 12:00am
US Midwest corn bids rise on river

US Midwest corn bids rise on river

Corn spot basis bids rose at terminals along the Mississippi and Illinois rivers on Thursday, lifted by tight supplies in the export pipeline and strong competing bids for the grain at processors and ethanol plants, dealers said. The corn basis in the CIF
Published 15 Jun, 2013 12:00am
Corn export premiums mostly steady

Corn export premiums mostly steady

Corn export premiums at the US Gulf Coast were mostly steady on Thursday, with nearby basis values supported by tight old-crop inventories, traders said. Nearby offers remained firm despite weak export demand. The US Department of Agriculture said weekly
Published 15 Jun, 2013 12:00am
Indian soyaoil steady; oilseeds ease

Indian soyaoil steady; oilseeds ease

Indian soyaoil futures were treading water on Thursday as a weak rupee and an expected rise in demand during the upcoming Ramadan festival offset a surge in edible oil imports. Soyabean and rapeseed eased as good rainfall in central and southern India at
Published 15 Jun, 2013 12:00am
Jordan seeks to buy wheat and barley

Jordan seeks to buy wheat and barley

Jordan's state grain buyer has issued two international tenders to purchase 100,000 tonnes of milling wheat and 100,000 tonnes of feed barley, European traders said on Thursday. Tender deadline for the wheat is June 18 and deadline for the barley is June
Published 15 Jun, 2013 12:00am
Dry skies spur Argentine corn harvest, wheat sowing

Dry skies spur Argentine corn harvest, wheat sowing

Argentine farmers made quick progress on the 2012/13 corn harvest during the last week, thanks to dry climate conditions, and also advanced with 2013/14 wheat seedings, the Buenos Aires Grains Exchange said on Thursday. The South American country is a lea
Published 15 Jun, 2013 12:00am
Indian sugar futures fall

Indian sugar futures fall

Indian sugar futures eased on Thursday on profit-taking from their highest level in three and a half months; although a likely drop in next year's production and hopes of higher import duty limited the downside. The key July contract on the National Commo
Published 15 Jun, 2013 12:00am
EU wheat falls with Chicago but off year lows

EU wheat falls with Chicago but off year lows

Western European wheat markets fell in late trade on Thursday in the wake of a drop on US grains markets, but remained off one-year lows scored in early trade in a bearish reaction to closely watched US government forecasts. On the Paris futures market, b
Published 15 Jun, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 126,149 tonnes of cargo comprising 90,029 tonnes of import cargo and 36,120 tonnes of export cargo including 6,540 loaded and empty containers during the last 24 hours ended at 0700 hours on Friday. The total import cargo of 90,02
Published 15 Jun, 2013 12:00am
Prices firm amid low trade activity on cotton market

Prices firm amid low trade activity on cotton market

Prices were firm on the cotton market on Friday amid slow trading activity, dealers said. The official spot rate was unchanged at Rs 6,450. In the ready business, around 2,000 bales of cotton were sold between Rs 6250-7000, while prices for seed cotton pe
Published 15 Jun, 2013 12:00am
Rates firm on grain market

Rates firm on grain market

According to the Wholesale Grain Merchant Group, prices were firm on the wholesale grain and oilseeds market on Friday.
Published 15 Jun, 2013 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Thursday in sympathy with soybeans, continuing a steady slide as Western Canada planting wraps up. Nearby July canola has settled lower six of the last seven sessions. Most-active November contract seen vulnerable to fu
Published 15 Jun, 2013 12:00am
Clarke vows Australia will be ready for Ashes

Clarke vows Australia will be ready for Ashes

Australia captain Michael Clarke has insisted the side will put their off-field troubles behind them and be "100 percent ready for the Ashes" come next month's first Test against England. The latest in a recent line of high-profile disciplinary problems s
Published 15 Jun, 2013 12:00am
Sangakkara blows England away

Sangakkara blows England away

Kumar Sangakkara smashed an unbeaten 134 off 135 balls as Sri Lanka stunned England by seven wickets in a high-scoring thriller on Thursday to stay afloat in the Champions Trophy. The Islanders, chasing England's seemingly impregnable 293-7, launched a sp
Published 15 Jun, 2013 12:00am