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Print - 2008-11-11
Sentiment remains depressed on LSE

Sentiment remains depressed on LSE

Last week's sentiment depressed continued on Lahore Stock Exchange on Monday and the index remained unchanged amid marginaly improved trading turnover. The LSE-25 index witnessed no change and stayed glued to its last week closing level of 2825.36.
Published 11 Nov, 2008 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Sentiment remains depressed on LSE

Sentiment remains depressed on LSE

Last week's sentiment depressed continued on Lahore Stock Exchange on Monday and the index remained unchanged amid marginaly improved trading turnover. The LSE-25 index witnessed no change and stayed glued to its last week closing level of 2825.36.
Published 11 Nov, 2008 12:00am
Negative signs continue on ISE

Negative signs continue on ISE

Equities continued to show negative signs at the Islamabad Stock Exchange (ISE) on Monday where ISE-10 Index did not observe any change by the end of current session amid no change in index. ISE-10 Index closed at 2,003.17 without observing any change by
Published 11 Nov, 2008 12:00am
Negative signs continue on ISE

Negative signs continue on ISE

Equities continued to show negative signs at the Islamabad Stock Exchange (ISE) on Monday where ISE-10 Index did not observe any change by the end of current session amid no change in index. ISE-10 Index closed at 2,003.17 without observing any change by
Published 11 Nov, 2008 12:00am
China defends its record to UN torture watchdog

China defends its record to UN torture watchdog

China defended itself against allegations of torture before a United Nations' watchdog on Monday, saying it had "zero tolerance" for abuses in its police stations, jails and on the streets.
Published 11 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
EMC directs Minfal to distribute wheat to provinces judiciously

EMC directs Minfal to distribute wheat to provinces judiciously

Economy Monitoring Committee (EMC) has directed the Ministry of Food, Agriculture and Livestock (Minfal) to distribute wheat stocks judiciously amongst the provinces. EMC which met with Shaukat Tarin, Adviser to Prime Minister on Finance in the chair on M
Published 11 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Kamaluddin appointed chief executive of Pak-Libya Investment

Kamaluddin appointed chief executive of Pak-Libya Investment

The former President of Arif Habib Bank Limited, Kamaluddin Khan has been appointed as Chief Executive of Pak-Libya Investment Company Limited. Kamal resigned just last week from AHBL after its take-over by Hussain Lawai. Kamal also worked for the French
Published 11 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Kamaluddin appointed chief executive of Pak-Libya Investment

Kamaluddin appointed chief executive of Pak-Libya Investment

The former President of Arif Habib Bank Limited, Kamaluddin Khan has been appointed as Chief Executive of Pak-Libya Investment Company Limited. Kamal resigned just last week from AHBL after its take-over by Hussain Lawai. Kamal also worked for the French
Published 11 Nov, 2008 12:00am
Kamaluddin appointed chief executive of Pak-Libya Investment

Kamaluddin appointed chief executive of Pak-Libya Investment

The former President of Arif Habib Bank Limited, Kamaluddin Khan has been appointed as Chief Executive of Pak-Libya Investment Company Limited. Kamal resigned just last week from AHBL after its take-over by Hussain Lawai. Kamal also worked for the French
Published 11 Nov, 2008 12:00am
Britain lifts ban on civilian nuclear exports to India

Britain lifts ban on civilian nuclear exports to India

Britain has lifted a ban on exporting sensitive nuclear technology to India for civilian projects, it said Monday, after an international accord to relax rules in September. Since 2002, Britain has refused all export licence applications for so-called "Tr
Published 11 Nov, 2008 12:00am
Britain lifts ban on civilian nuclear exports to India

Britain lifts ban on civilian nuclear exports to India

Britain has lifted a ban on exporting sensitive nuclear technology to India for civilian projects, it said Monday, after an international accord to relax rules in September. Since 2002, Britain has refused all export licence applications for so-called "Tr
Published 11 Nov, 2008 12:00am
Interest rate to rise under any IMF deal

Interest rate to rise under any IMF deal

An expected IMF loan package is likely to include an interest rate increase of up to 150 basis points, a government official who declined to be identified said on Monday. Pakistan is facing a balance-of-payments crisis and has been in talks with the Inter
Published 11 Nov, 2008 12:00am
Interest rate to rise under any IMF deal

Interest rate to rise under any IMF deal

An expected IMF loan package is likely to include an interest rate increase of up to 150 basis points, a government official who declined to be identified said on Monday. Pakistan is facing a balance-of-payments crisis and has been in talks with the Inter
Published 11 Nov, 2008 12:00am
Interest rate to rise under any IMF deal

Interest rate to rise under any IMF deal

An expected IMF loan package is likely to include an interest rate increase of up to 150 basis points, a government official who declined to be identified said on Monday. Pakistan is facing a balance-of-payments crisis and has been in talks with the Inter
Published 11 Nov, 2008 12:00am
Bestway converting its UBL GDRs into ordinary shares

Bestway converting its UBL GDRs into ordinary shares

The Bestway Group (BG) has decided to convert their United Bank Limited GDRs aggregating 14.08 million into ordinary shares subject to approval from the State Bank of Pakistan. In a notice sent to Karachi Stock Exchange here on Monday, UBL said.
Published 11 Nov, 2008 12:00am
Bestway converting its UBL GDRs into ordinary shares

Bestway converting its UBL GDRs into ordinary shares

The Bestway Group (BG) has decided to convert their United Bank Limited GDRs aggregating 14.08 million into ordinary shares subject to approval from the State Bank of Pakistan. In a notice sent to Karachi Stock Exchange here on Monday, UBL said.
Published 11 Nov, 2008 12:00am
Bestway converting its UBL GDRs into ordinary shares

Bestway converting its UBL GDRs into ordinary shares

The Bestway Group (BG) has decided to convert their United Bank Limited GDRs aggregating 14.08 million into ordinary shares subject to approval from the State Bank of Pakistan. In a notice sent to Karachi Stock Exchange here on Monday, UBL said.
Published 11 Nov, 2008 12:00am
Bestway converting its UBL GDRs into ordinary shares

Bestway converting its UBL GDRs into ordinary shares

The Bestway Group (BG) has decided to convert their United Bank Limited GDRs aggregating 14.08 million into ordinary shares subject to approval from the State Bank of Pakistan. In a notice sent to Karachi Stock Exchange here on Monday, UBL said.
Published 11 Nov, 2008 12:00am
Gold up at Rs 20,271

Gold up at Rs 20,271

Gold moved up by Rs 51 to Rs 20,271 per 10 grams in the local market on Monday as its international price also surged to $7527 an ounce, sources said. Silver also inched up at Rs 308 per 10 grams.
Published 11 Nov, 2008 12:00am
Former president of APTPMA hails government decision

Former president of APTPMA hails government decision

G R Arshad, honorary Consul General of Somalia, Life Chairman, Action Committee, All Pakistan Textile Processing Mills Association, Life member of the Federation of Pakistan Chambers of Commerce and Industry, former President of All Pakistan Textile Proce
Published 11 Nov, 2008 12:00am
Karachi University senate elections on December 6

Karachi University senate elections on December 6

Elections to the senate, under the University of Karachi Act 1972 from the constituency of college teachers would be held on December 06, 2008. The polling would be held from 9:30am to 4:00pm at Government Islamia Arts, Commerce College, Near Guru Mandar
Published 11 Nov, 2008 12:00am
BMG elections

BMG elections

Businessmen Group (BMG) members have elected Siraj Kassim Teli as Chairman of the BMG. In a meeting of the Group held recently, the members of the BMG also elected Vice Chairmans including Tahir Khaliq from Urdu community, Zubair Motiwala from Gujrati com
Published 11 Nov, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Nov, 2008 12:00am
Shahbaz meets Gilani

Shahbaz meets Gilani

Chief Minister Punjab Mian Shahbaz Sharif called on Prime Minister Syed Yousuf Raza Gilani at the PM's House on Monday evening. He apprised the Prime Minister of various development and public welfare schemes underway in Punjab. He also updated him on the
Published 11 Nov, 2008 12:00am
New combination vaccine to tackle child killer

New combination vaccine to tackle child killer

A new combination vaccine that will protect children from the bacterium Hib (Haemophilus influenzae type B), the most common cause of deadly pneumonia and meningitis, and four other common childhood diseases, is being introduced by the government this mon
Published 11 Nov, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 11 Nov, 2008 12:00am
Biztek holds seminar

Biztek holds seminar

Compelling repercussions of the international global crisis on the Third World, specifically Pakistan, were shared by some of the well-known academics at the Institute of Business and Technology (Biztek) seminar held recently.
Published 11 Nov, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Nov, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Nov, 2008 12:00am
e-filing helps bring suppliers, purchasers into tax net

e-filing helps bring suppliers, purchasers into tax net

The e-filing of sales tax and federal excise returns has enabled the Federal Board of Revenue (FBR) to obtain credentials about the buyers and sellers of the registered persons, bringing potential suppliers/purchasers into the sales tax net.
Published 11 Nov, 2008 12:00am
Whole country gripped by terrorism: Rehman

Whole country gripped by terrorism: Rehman

'It is not only the Federally Administered Tribal Areas (Fata), the whole country is gripped by the scourge of terrorism,' the Advisor to the Prime Minister on Interior, Rehman Malik has said. The government is not oblivious of these developments and all-
Published 11 Nov, 2008 12:00am
Naek offers deposed judges to take fresh oath

Naek offers deposed judges to take fresh oath

Federal Minister for Law and Justice Farooq H Naek on Monday offered deposed judges including Chief Justice Iftikhar Muhammad Chaudhry for a fresh oath saying the government would keep their seniority intact. Addressing the media after a meeting at Federa
Published 11 Nov, 2008 12:00am
Shamshad among top ten women leaders in Asia: WSJ

Shamshad among top ten women leaders in Asia: WSJ

Dr Shamshad Akhtar, country's first female Governor of the State Bank of Pakistan, has been named amongst the top ten women leaders in Asia by the coveted Wall Street Journal (WSJ) Asia. WSJ Asia has compiled a list of Asia-based women, focu
Published 11 Nov, 2008 12:00am
Course on operation, maintenance of construction machinery held

Course on operation, maintenance of construction machinery held

The 14th International course on operation and maintenance of construction machinery held by Japan International Co-operation Agency (Jica) in collaboration with Ministry of Communications from November 03 to December 02. The opening ceremony will be held
Published 11 Nov, 2008 12:00am
Committee formed to review hike in valuation advice

Committee formed to review hike in valuation advice

After the realisation of problems being faced by importers, due to hike in valuation advice, Member Customs Afzal Bhatti on Monday constituted a committee to seek out real problems and will submit it report to Chairman Federal Board of Revenue (FBR), B
Published 11 Nov, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Director PSC visits ICA Sri Lanka

Director PSC visits ICA Sri Lanka

The Institute of Chartered Accountants of Sri Lanka (ICASL) is striving to implement the Quality Control Review (QCR) Program for their CA firms on the same pattern as ICAP. In this respect, one of their representatives visited ICAP recently to observe ou
Published 11 Nov, 2008 12:00am
Karachi University facing serious financial constraints

Karachi University facing serious financial constraints

The University of Karachi (KU) is facing serious financial constraints due to non-release of funds from federal government, compelling the varsity administration to use its own resources to run the affairs.
Published 11 Nov, 2008 12:00am
Sindh government launching free education for all

Sindh government launching free education for all

In order to ensure provision of better primary education to the children living in far-flung rural areas of the districts, the Sindh government is launching a programme to provide education by establishing schools.
Published 11 Nov, 2008 12:00am
THE RUPEE: sharp all-round gains

THE RUPEE: sharp all-round gains

The rupee made sharp recovery against dollar on the interbank market and it also touched the new high at 79.00 on the open market on Monday, currency experts observed. The rupee gained 32 paisa in relation to dollar on the interbank market for buying and
Published 11 Nov, 2008 12:00am
Consultation on women's rights to land held

Consultation on women's rights to land held

Female farm workers from all over Punjab gathered at a consultation on 'Women's Rights to Land' arranged by the Women Workers Help Line (WWHL) alleged that their issues are being ignored even after contributing largely to the country's economy.
Published 11 Nov, 2008 12:00am
THE RUPEE: sharp all-round gains

THE RUPEE: sharp all-round gains

The rupee made sharp recovery against dollar on the interbank market and it also touched the new high at 79.00 on the open market on Monday, currency experts observed. The rupee gained 32 paisa in relation to dollar on the interbank market for buying and
Published 11 Nov, 2008 12:00am
Steps urged to boost local investors' confidence

Steps urged to boost local investors' confidence

Chairman, The Founders, Munir Ahmed Khan, has demanded that the government should take steps to boost the confidence of local investors, instead of seeking loan from International Monetary Fund (IMF) with its anti-people conditionalities.
Published 11 Nov, 2008 12:00am
PPP asked to scrap 17th amendment

PPP asked to scrap 17th amendment

The Central Secretary Finance, Pakistan Muslim League-Nawaz (PML-N), Muhammad Pervez Malik has said that the Pakistan People's Party should take immediate steps to scrap the 17th amendment avoid showing delinquency in this regard. Addressing a party meeti
Published 11 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Merging of PPCBL with BoP abandoned

Merging of PPCBL with BoP abandoned

Punjab government has abandoned the idea of merger of The Punjab Provincial Co-operative Bank Ltd (PPCBL) with The Bank of Punjab, said sources in provincial finance ministry. According to the sources, a meeting held recently in this respect have finalise
Published 11 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Supreme Court orders judicial inquiry into case of assault on doctors

Supreme Court orders judicial inquiry into case of assault on doctors

The Supreme Court on Monday ordered judicial inquiry into a case of assault by the family members of a bureaucrat on two doctors of Federal Government Services Hospital (FGSH) A three-member bench of the apex court, comprising Chief Justice Abdul Hameed D
Published 11 Nov, 2008 12:00am