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Print - 2008-06-19
Balochistan budget on June 21

Balochistan budget on June 21

Balochistan budget for financial year 2008-9 will be presented on June 21. The Central and three provincial governments have announced their budgets but Balochistan could not present its budget owing to financial problems. This was stated by Senior Minist
Published 19 Jun, 2008 12:00am
Balochistan budget on June 21

Balochistan budget on June 21

Balochistan budget for financial year 2008-9 will be presented on June 21. The Central and three provincial governments have announced their budgets but Balochistan could not present its budget owing to financial problems. This was stated by Senior Minist
Published 19 Jun, 2008 12:00am
Balochistan budget on June 21

Balochistan budget on June 21

Balochistan budget for financial year 2008-9 will be presented on June 21. The Central and three provincial governments have announced their budgets but Balochistan could not present its budget owing to financial problems. This was stated by Senior Minist
Published 19 Jun, 2008 12:00am
Balochistan budget on June 21

Balochistan budget on June 21

Balochistan budget for financial year 2008-9 will be presented on June 21. The Central and three provincial governments have announced their budgets but Balochistan could not present its budget owing to financial problems. This was stated by Senior Minist
Published 19 Jun, 2008 12:00am
Government to provide fiscal relief to farmers: minister

Government to provide fiscal relief to farmers: minister

Federal Minister for Water and Power Raja Pervez Ashraf on Tuesday said that all necessary measures would be taken to provide fiscal relief to farmers to boost agriculture productivity. In a meeting with parliamentarians from Punjab, the minister said tha
Published 19 Jun, 2008 12:00am
Government to provide fiscal relief to farmers: minister

Government to provide fiscal relief to farmers: minister

Federal Minister for Water and Power Raja Pervez Ashraf on Tuesday said that all necessary measures would be taken to provide fiscal relief to farmers to boost agriculture productivity. In a meeting with parliamentarians from Punjab, the minister said tha
Published 19 Jun, 2008 12:00am
Government to provide fiscal relief to farmers: minister

Government to provide fiscal relief to farmers: minister

Federal Minister for Water and Power Raja Pervez Ashraf on Tuesday said that all necessary measures would be taken to provide fiscal relief to farmers to boost agriculture productivity. In a meeting with parliamentarians from Punjab, the minister said tha
Published 19 Jun, 2008 12:00am
Boucher to visit Pakistan this month

Boucher to visit Pakistan this month

The US Assistant Secretary of State for South Asia, Richard Boucher, will visit Pakistan at the end of the current month to lessen the tension between Pakistan and Afghanistan, sources said Wednesday. Sources said the Mr Boucher would to exchange views wi
Published 19 Jun, 2008 12:00am
Boucher to visit Pakistan this month

Boucher to visit Pakistan this month

The US Assistant Secretary of State for South Asia, Richard Boucher, will visit Pakistan at the end of the current month to lessen the tension between Pakistan and Afghanistan, sources said Wednesday. Sources said the Mr Boucher would to exchange views wi
Published 19 Jun, 2008 12:00am
Five former senior officials of BoP arrested

Five former senior officials of BoP arrested

The National Accountability Bureau (NAB) on Wednesday arrested five ex-senior officials of the Bank of Punjab (BoP) for allegedly giving Rs 9 billion worth of loan against exaggerated evaluation of collateral.
Published 19 Jun, 2008 12:00am
Five former senior officials of BoP arrested

Five former senior officials of BoP arrested

The National Accountability Bureau (NAB) on Wednesday arrested five ex-senior officials of the Bank of Punjab (BoP) for allegedly giving Rs 9 billion worth of loan against exaggerated evaluation of collateral.
Published 19 Jun, 2008 12:00am
Five former senior officials of BoP arrested

Five former senior officials of BoP arrested

The National Accountability Bureau (NAB) on Wednesday arrested five ex-senior officials of the Bank of Punjab (BoP) for allegedly giving Rs 9 billion worth of loan against exaggerated evaluation of collateral.
Published 19 Jun, 2008 12:00am
China has no plans to 'encircle' India: ambassador

China has no plans to 'encircle' India: ambassador

China has no plans to try and dominate the shipping lanes of the Indian Ocean, its ambassador to India said in Hong Kong Wednesday. "We don't have such an intention to establish a chain to encircle India," said ambassador Zhang Yan at a lunch held by the
Published 19 Jun, 2008 12:00am
China labour supply drying up, wages to rise

China labour supply drying up, wages to rise

China's deep pool of labour, a key driver of its headlong economic growth, is drying up, a labour expert said on Wednesday. The sea-change means companies will have to pay more to attract employees in coming decades, said Cai Fang from the Chinese Academy
Published 19 Jun, 2008 12:00am
Sanofi plans $2.6 billion counterbid for Zentiva

Sanofi plans $2.6 billion counterbid for Zentiva

French drugmaker Sanofi-Aventis plans to make a 40.04 billion crown ($2.57 billion) offer for Czech drugmaker Zentiva, trumping a bid from financial group PPF. The move would take Sanofi deeper into the field of generic drug production, an area which has
Published 19 Jun, 2008 12:00am
'North Korea's feeble economy shrinks from floods'

'North Korea's feeble economy shrinks from floods'

North Korea's already devastated economy shrank by 2.3 percent in 2007 due to widespread flooding that cut the impoverished state's farm production by nearly one tenth, South Korea's central bank said in a report on Wednesday.
Published 19 Jun, 2008 12:00am
Norway says oil fund reluctant to blacklist states

Norway says oil fund reluctant to blacklist states

Norway's $400 billion sovereign wealth fund is unlikely to rule out investing in countries that abuse human rights unless such sanctions are adopted as foreign policy, the Norwegian finance minister said on Wednesday. So far the Norwegian government and i
Published 19 Jun, 2008 12:00am
Bears take control at ISE

Bears take control at ISE

Equities failed to show healthy signs at the Islamabad Stock Exchange (ISE) on Wednesday where bears took control under the lead of hot favourite amid decrease in index. ISE-10 Index was down by 61.77 points from 2,879.35 to 2,818.18 points.
Published 19 Jun, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 18, 2008).

Published 19 Jun, 2008 12:00am
Bears take control at ISE

Bears take control at ISE

Equities failed to show healthy signs at the Islamabad Stock Exchange (ISE) on Wednesday where bears took control under the lead of hot favourite amid decrease in index. ISE-10 Index was down by 61.77 points from 2,879.35 to 2,818.18 points.
Published 19 Jun, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 18, 2008).

Published 19 Jun, 2008 12:00am
LSE shares drift lower

LSE shares drift lower

Share prices drifted lower on the Lahore Stock Exchange, losing 2.7 percent since investors lacked confidence following political uncertainty and mounting tension on Pak-Afghan border. The LSE-25 Index fell by 106.96 points to reach 3,826.58 points from 3
Published 19 Jun, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 18, 2008).

Published 19 Jun, 2008 12:00am
LSE shares drift lower

LSE shares drift lower

Share prices drifted lower on the Lahore Stock Exchange, losing 2.7 percent since investors lacked confidence following political uncertainty and mounting tension on Pak-Afghan border. The LSE-25 Index fell by 106.96 points to reach 3,826.58 points from 3
Published 19 Jun, 2008 12:00am
BRIndex30 down 448.77 points

BRIndex30 down 448.77 points

The BRIndex30 registered a negative change of -448.77 or -3.35 percent on Wednesday, closing at 12,938.25. It recorded intra-day high of 13,402.27 and low of 12,925.56. The volume amounted to 76,880,000, which was 64.08 percent of the total market and 76.
Published 19 Jun, 2008 12:00am
BRIndex30 down 448.77 points

BRIndex30 down 448.77 points

The BRIndex30 registered a negative change of -448.77 or -3.35 percent on Wednesday, closing at 12,938.25. It recorded intra-day high of 13,402.27 and low of 12,925.56. The volume amounted to 76,880,000, which was 64.08 percent of the total market and 76.
Published 19 Jun, 2008 12:00am
KSE index sheds 236.79 points

KSE index sheds 236.79 points

Selling pressure continued at the Karachi share market on Wednesday due to declining oil prices in the international market, and the KSE-100 index lost another 236.79 points to close at 12,261.07 points level. The KSE-30 index declined by 412.77 points an
Published 19 Jun, 2008 12:00am
KSE index sheds 236.79 points

KSE index sheds 236.79 points

Selling pressure continued at the Karachi share market on Wednesday due to declining oil prices in the international market, and the KSE-100 index lost another 236.79 points to close at 12,261.07 points level. The KSE-30 index declined by 412.77 points an
Published 19 Jun, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (June 18, 2008).

Published 19 Jun, 2008 12:00am
KSE index sheds 236.79 points

KSE index sheds 236.79 points

Selling pressure continued at the Karachi share market on Wednesday due to declining oil prices in the international market, and the KSE-100 index lost another 236.79 points to close at 12,261.07 points level. The KSE-30 index declined by 412.77 points an
Published 19 Jun, 2008 12:00am
$256.85 million loan to boost power supply

$256.85 million loan to boost power supply

The World Bank has approved $256.85 million credit and loan for Pakistan, designed to improve reliability and efficiency of power supply through a comprehensive project. The Electricity Distribution and Transmission Improvement Project aims to improve dis
Published 19 Jun, 2008 12:00am
$256.85 million loan to boost power supply

$256.85 million loan to boost power supply

The World Bank has approved $256.85 million credit and loan for Pakistan, designed to improve reliability and efficiency of power supply through a comprehensive project. The Electricity Distribution and Transmission Improvement Project aims to improve dis
Published 19 Jun, 2008 12:00am
$256.85 million loan to boost power supply

$256.85 million loan to boost power supply

The World Bank has approved $256.85 million credit and loan for Pakistan, designed to improve reliability and efficiency of power supply through a comprehensive project. The Electricity Distribution and Transmission Improvement Project aims to improve dis
Published 19 Jun, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (June 18, 2008).

Published 19 Jun, 2008 12:00am
World Bank asks government to carry out reforms, quick adjustments

World Bank asks government to carry out reforms, quick adjustments

The World Bank has advised Pakistan to carry out economic reforms and make quick adjustments to steer clear of economic crisis. According to the bank sources, the new government should watch its steps on way to economic stability. The WB further advised t
Published 19 Jun, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 18, 2008).
Published 19 Jun, 2008 12:00am
World Bank asks government to carry out reforms, quick adjustments

World Bank asks government to carry out reforms, quick adjustments

The World Bank has advised Pakistan to carry out economic reforms and make quick adjustments to steer clear of economic crisis. According to the bank sources, the new government should watch its steps on way to economic stability. The WB further advised t
Published 19 Jun, 2008 12:00am
World Bank asks government to carry out reforms, quick adjustments

World Bank asks government to carry out reforms, quick adjustments

The World Bank has advised Pakistan to carry out economic reforms and make quick adjustments to steer clear of economic crisis. According to the bank sources, the new government should watch its steps on way to economic stability. The WB further advised t
Published 19 Jun, 2008 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 (June 18, 2008).

Published 19 Jun, 2008 12:00am
Pakistan to help establish Chinese economic zone, says Gilani

Pakistan to help establish Chinese economic zone, says Gilani

Prime Minister Syed Yousuf Raza Gilani on Wednesday said Pakistan will extend all possible help to establish the first-ever Chinese overseas economic zone in the country, which will be yet another landmark in the all-weather friendship between the two cou
Published 19 Jun, 2008 12:00am
Pakistan to help establish Chinese economic zone, says Gilani

Pakistan to help establish Chinese economic zone, says Gilani

Prime Minister Syed Yousuf Raza Gilani on Wednesday said Pakistan will extend all possible help to establish the first-ever Chinese overseas economic zone in the country, which will be yet another landmark in the all-weather friendship between the two cou
Published 19 Jun, 2008 12:00am
Pakistan to help establish Chinese economic zone, says Gilani

Pakistan to help establish Chinese economic zone, says Gilani

Prime Minister Syed Yousuf Raza Gilani on Wednesday said Pakistan will extend all possible help to establish the first-ever Chinese overseas economic zone in the country, which will be yet another landmark in the all-weather friendship between the two cou
Published 19 Jun, 2008 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 (June 18, 2008).

Published 19 Jun, 2008 12:00am
Privatisation proceeds target cut by 98 percent

Privatisation proceeds target cut by 98 percent

The finance ministry has revised privatisation revenue target, cutting it by 98 percent to Rs 1.6 billion for FY08 mainly due to slow process in the wake of domestic and external shocks on political and financial fronts.
Published 19 Jun, 2008 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 (June 18, 2008).

Published 19 Jun, 2008 12:00am
Privatisation proceeds target cut by 98 percent

Privatisation proceeds target cut by 98 percent

The finance ministry has revised privatisation revenue target, cutting it by 98 percent to Rs 1.6 billion for FY08 mainly due to slow process in the wake of domestic and external shocks on political and financial fronts.
Published 19 Jun, 2008 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 (June 18, 2008).

Published 19 Jun, 2008 12:00am
Privatisation proceeds target cut by 98 percent

Privatisation proceeds target cut by 98 percent

The finance ministry has revised privatisation revenue target, cutting it by 98 percent to Rs 1.6 billion for FY08 mainly due to slow process in the wake of domestic and external shocks on political and financial fronts.
Published 19 Jun, 2008 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 Comm
Published 19 Jun, 2008 12:00am
ECC may refer ''missing fertiliser'' case to NAB

ECC may refer ''missing fertiliser'' case to NAB

The Economic Co-ordination Committee (ECC) of the Cabinet is likely to refer the case of the ''missing one million tons of fertiliser'' to National Accountability Bureau (NAB). The fertiliser had been imported by a public-private body, backed by Minfal at
Published 19 Jun, 2008 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 19 Jun, 2008 12:00am
ECC may refer 'missing fertiliser' case to NAB

ECC may refer 'missing fertiliser' case to NAB

The Economic Co-ordination Committee (ECC) of the Cabinet is likely to refer the case of the 'missing one million tons of fertiliser' to National Accountability Bureau (NAB). The fertiliser had been imported by a public-private body, backed by Minfal at a
Published 19 Jun, 2008 12:00am
ECC may refer 'missing fertiliser' case to NAB

ECC may refer 'missing fertiliser' case to NAB

The Economic Co-ordination Committee (ECC) of the Cabinet is likely to refer the case of the 'missing one million tons of fertiliser' to National Accountability Bureau (NAB). The fertiliser had been imported by a public-private body, backed by Minfal at a
Published 19 Jun, 2008 12:00am
New York cotton

New York cotton

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

Published 19 Jun, 2008 12:00am
New York cotton

New York cotton

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

Published 19 Jun, 2008 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin edged higher on Wednesday due to rising London Metal Exchange prices and lower supplies, one dealer said.
Published 19 Jun, 2008 12:00am
Zardari and Nawaz agree to keep alliance intact

Zardari and Nawaz agree to keep alliance intact

Negotiations between the Pakistan People's Party and the Pakistan Muslim League-Nawaz (PML-N) on the issues of judges and a motion to impeach President Pervez Musharraf have stalled though both parties have signalled to keep the alliance between the two i
Published 19 Jun, 2008 12:00am
Kenyan tea firm

Kenyan tea firm

Kenya tea prices gained at this week's auction on reduced supply from India due to a strike in the Darjeeling region that has badly hit the tea industry, traders said on Wednesday. Mombasa based Africa Te Brokers (ATB) said some 199,487 packages were offe
Published 19 Jun, 2008 12:00am
Zardari and Nawaz agree to keep alliance intact

Zardari and Nawaz agree to keep alliance intact

Negotiations between the Pakistan People's Party and the Pakistan Muslim League-Nawaz (PML-N) on the issues of judges and a motion to impeach President Pervez Musharraf have stalled though both parties have signalled to keep the alliance between the two i
Published 19 Jun, 2008 12:00am
Tokyo rubber falls

Tokyo rubber falls

Tokyo rubber futures slipped more than 1 percent on Wednesday as crude oil prices fell another notch, although prices were supported by demand from China, the world's top consumer, as well as from tyre makers. The key Tokyo Commodity Exchange rubber contr
Published 19 Jun, 2008 12:00am
Indian sugar futures fall

Indian sugar futures fall

Indian sugar futures dropped on Wednesday afternoon as millers began selling on worries monsoon rains would affect the quality of their stockpile. At 3:18 pm (0948 GMT), the June contract on the National Commodity and Derivatives Exchange was down 1.33 pe
Published 19 Jun, 2008 12:00am
US helicopter engines missing: coalition

US helicopter engines missing: coalition

The US-led coalition in Afghanistan said on Wednesday that four US helicopter engines worth more than 13 million dollars had gone missing while being transported by a Pakistani truck company.
Published 19 Jun, 2008 12:00am
New York sugar extends rally

New York sugar extends rally

Raw sugar futures sprang to a firm close on Tuesday on investor buying, and brokers said the market seems poised to grind higher now that the recent weakness of the sweetener is over. "Sugar seems to have made a bottom for whatever reason and wants to mov
Published 19 Jun, 2008 12:00am
Senate body calls for an end to deemed, customs duties

Senate body calls for an end to deemed, customs duties

The Senate standing committee on Petroleum passed a unanimous resolution on Wednesday for scraping of deemed and customs duty on petroleum products to ease pressure on their prices. The resolution will be presented to the National Assembly for debate on J
Published 19 Jun, 2008 12:00am
Soyabean futures up sharply

Soyabean futures up sharply

Chicago Board of Trade grains and soy complex at 12:24 pm CDT (1724 GMT) Tuesday. Soyabean: July up 18 cents at $15.52 per bushel, new-crop November up 23 cents at $15.46. Rallied on concerns about US Midwest flooding. Soybeans also gain against corn, cat
Published 19 Jun, 2008 12:00am
Senate body calls for an end to deemed, customs duties

Senate body calls for an end to deemed, customs duties

The Senate standing committee on Petroleum passed a unanimous resolution on Wednesday for scraping of deemed and customs duty on petroleum products to ease pressure on their prices. The resolution will be presented to the National Assembly for debate on J
Published 19 Jun, 2008 12:00am