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Print - 2010-01-07
Zardari seeks world's help to overcome economic stresses

Zardari seeks world's help to overcome economic stresses

President Asif Ali Zardari on Wednesday said the democratic government was successfully moving forward in the fight against militants and security forces were gaining successes despite numerous sacrifices.
Published 07 Jan, 2010 12:00am
Symposium on 'working with proteins in post-genomic era' begins

Symposium on 'working with proteins in post-genomic era' begins

A two day symposium on 'Working with Proteins in Post-Genomic Era' began at Punjab University School of Biological Sciences (SBS) on Wednesday. Biologists from various institutes of the country will deliver 10 lectures on the different aspects of the topi
Published 07 Jan, 2010 12:00am
Sale of ASML's investment

Sale of ASML's investment

The Securities and Exchange Commission of Pakistan (SECP), authorised an investigation into the matter of Ahmed Spinning Mills Ltd (ASML) on the reports that the directors of Ahmed Spinning Mills Ltd (ASML) sold ASML's investment at a throwaway price to a
Published 07 Jan, 2010 12:00am
Cotton and cotton yarn: PCGA rejects proposal to ban export

Cotton and cotton yarn: PCGA rejects proposal to ban export

Pakistan Cotton Ginners Association (PCGA) Chairman, Abdul Rasheed Khan has rejected the proposal of ban on the export of raw cotton and cotton yarn, urging the government to let the import and export of the commodity on free market mechanism.
Published 07 Jan, 2010 12:00am
Massive tax evasion by top PSF maker unearthed

Massive tax evasion by top PSF maker unearthed

Post-Clearance Audit (PCA) Karachi has unearthed massive evasion of duties and taxes by Pakistan's largest manufacturer of polyester staple fibre (PSF), allegedly involved in misuse of statutory regulatory orders (SROs) for obtaining illegal exemption of
Published 07 Jan, 2010 12:00am
Iran diplomat quits over protests: Norway's NRK

Iran diplomat quits over protests: Norway's NRK

A diplomat at the Iranian embassy in Oslo told Norwegian broadcaster NRK on Wednesday that he has resigned in protest over a crackdown on anti-government demonstrators in Iran. The Iranian Foreign Ministry in Tehran denied the report.
Published 07 Jan, 2010 12:00am
Two Blackwater guards among the dead at Afghan CIA base

Two Blackwater guards among the dead at Afghan CIA base

Two of the CIA workers killed in Afghanistan were private contractors with the security company formerly known as Blackwater. An obituary released Wednesday for 35-year-old Jeremy Wise said he was a former Navy SEAL who was working with the company now kn
Published 07 Jan, 2010 12:00am
Balochistan to get Rs 1.817 billion additional revenue as GDS

Balochistan to get Rs 1.817 billion additional revenue as GDS

Balochistan will receive Rs 1.817 billion additional revenue on account of gas development surcharge (GDS) in the seventh National Finance Commission (NFC) award based on the weighted average wellhead gas price in 2008-09 financial year, Business Recor
Published 07 Jan, 2010 12:00am
US intel chief vows action after Obama rebuke

US intel chief vows action after Obama rebuke

Bruised by a stinging rebuke from President Barack Obama, the top US intelligence chief has pledged to repair flaws in the security services to confront an evolving threat from terror groups. "The intelligence community received the president's message to
Published 07 Jan, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (January 06, 2010).

Published 07 Jan, 2010 12:00am
Acting OGDCL chief accused of lacking necessary qualifications

Acting OGDCL chief accused of lacking necessary qualifications

The Prime Minister''s Secretariat has reportedly played a vital role in the appointment of Shah Mehbub Aalam as the Acting Managing Director of Oil and Gas Development Company Limited (OGDCL), a man who has been accused of lacking the required qualificati
Published 07 Jan, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (January 06, 2010).

Published 07 Jan, 2010 12:00am
Acting OGDCL chief accused of lacking necessary qualifications

Acting OGDCL chief accused of lacking necessary qualifications

The Prime Minister's Secretariat has reportedly played a vital role in the appointment of Shah Mehbub Aalam as the Acting Managing Director of Oil and Gas Development Company Limited (OGDCL), a man who has been accused of lacking the required qualificatio
Published 07 Jan, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (January 06, 2010).

Published 07 Jan, 2010 12:00am
Acting OGDCL chief accused of lacking necessary qualifications

Acting OGDCL chief accused of lacking necessary qualifications

The Prime Minister's Secretariat has reportedly played a vital role in the appointment of Shah Mehbub Aalam as the Acting Managing Director of Oil and Gas Development Company Limited (OGDCL), a man who has been accused of lacking the required qualificatio
Published 07 Jan, 2010 12:00am
Departmental rift hampering work on projects

Departmental rift hampering work on projects

A rift between the provincial finance department and the ministry of works and services (W&S) has left dozens of W&S projects in an uncertain situation. The progress of the development projects of W&S has come to a halt as the finance department has almos
Published 07 Jan, 2010 12:00am
Departmental rift hampering work on projects

Departmental rift hampering work on projects

A rift between the provincial finance department and the ministry of works and services (W&S) has left dozens of W&S projects in an uncertain situation. The progress of the development projects of W&S has come to a halt as the finance department has almos
Published 07 Jan, 2010 12:00am
Departmental rift hampering work on projects

Departmental rift hampering work on projects

A rift between the provincial finance department and the ministry of works and services (W&S) has left dozens of W&S projects in an uncertain situation. The progress of the development projects of W&S has come to a halt as the finance department has almos
Published 07 Jan, 2010 12:00am
Fiscal responsibility law: SBP proposes amendments

Fiscal responsibility law: SBP proposes amendments

The State Bank of Pakistan (SBP) has proposed amendments in the Fiscal Responsibility and Debt Limitation Act 2005 to abolish automatic monetisation of fiscal deficit. During a presentation by Hamza Ali Malik, Director, SBP Monetary Policy Department, on
Published 07 Jan, 2010 12:00am
Fiscal responsibility law: SBP proposes amendments

Fiscal responsibility law: SBP proposes amendments

The State Bank of Pakistan (SBP) has proposed amendments in the Fiscal Responsibility and Debt Limitation Act 2005 to abolish automatic monetisation of fiscal deficit. During a presentation by Hamza Ali Malik, Director, SBP Monetary Policy Department, on
Published 07 Jan, 2010 12:00am
Fiscal responsibility law: SBP proposes amendments

Fiscal responsibility law: SBP proposes amendments

The State Bank of Pakistan (SBP) has proposed amendments in the Fiscal Responsibility and Debt Limitation Act 2005 to abolish automatic monetisation of fiscal deficit. During a presentation by Hamza Ali Malik, Director, SBP Monetary Policy Department, on
Published 07 Jan, 2010 12:00am
Draft of amendments to SBP Act 1956 submitted to government

Draft of amendments to SBP Act 1956 submitted to government

The draft of the amendments in the State Bank Act 1956 has been submitted to the government for giving legal cover to an independent monetary committee for regularly obtaining input from government and private sector for putting in place a viable monetary
Published 07 Jan, 2010 12:00am
Draft of amendments to SBP Act 1956 submitted to government

Draft of amendments to SBP Act 1956 submitted to government

The draft of the amendments in the State Bank Act 1956 has been submitted to the government for giving legal cover to an independent monetary committee for regularly obtaining input from government and private sector for putting in place a viable monetary
Published 07 Jan, 2010 12:00am
Draft of amendments to SBP Act 1956 submitted to government

Draft of amendments to SBP Act 1956 submitted to government

The draft of the amendments in the State Bank Act 1956 has been submitted to the government for giving legal cover to an independent monetary committee for regularly obtaining input from government and private sector for putting in place a viable monetary
Published 07 Jan, 2010 12:00am
US announces $12 million for Boulton Market rehabilitation

US announces $12 million for Boulton Market rehabilitation

The first tranche worth around $180 million of the Kerry-Lugar package, under which the US would provide Pakistan civilian aid of $7.5 billion over the next five years, has arrived in Pakistan. This was stated by US Ambassador Anne W Patterson after annou
Published 07 Jan, 2010 12:00am
US announces $12 million for Boulton Market rehabilitation

US announces $12 million for Boulton Market rehabilitation

The first tranche worth around $180 million of the Kerry-Lugar package, under which the US would provide Pakistan civilian aid of $7.5 billion over the next five years, has arrived in Pakistan. This was stated by US Ambassador Anne W Patterson after annou
Published 07 Jan, 2010 12:00am
US announces $12 million for Boulton Market rehabilitation

US announces $12 million for Boulton Market rehabilitation

The first tranche worth around $180 million of the Kerry-Lugar package, under which the US would provide Pakistan civilian aid of $7.5 billion over the next five years, has arrived in Pakistan. This was stated by US Ambassador Anne W Patterson after annou
Published 07 Jan, 2010 12:00am
US envoy chides Pakistan on economy, visa issue

US envoy chides Pakistan on economy, visa issue

Outlining a multi-pronged agenda towards Pakistan for 2010, the US on Wednesday said that Islamabad, with one of the lowest tax-to-GDP ratios, must begin to raise more revenue through bringing the "entire areas" of its economy into the tax net to balance
Published 07 Jan, 2010 12:00am
US envoy chides Pakistan on economy, visa issue

US envoy chides Pakistan on economy, visa issue

Outlining a multi-pronged agenda towards Pakistan for 2010, the US on Wednesday said that Islamabad, with one of the lowest tax-to-GDP ratios, must begin to raise more revenue through bringing the "entire areas" of its economy into the tax net to balance
Published 07 Jan, 2010 12:00am
US envoy chides Pakistan on economy, visa issue

US envoy chides Pakistan on economy, visa issue

Outlining a multi-pronged agenda towards Pakistan for 2010, the US on Wednesday said that Islamabad, with one of the lowest tax-to-GDP ratios, must begin to raise more revenue through bringing the "entire areas" of its economy into the tax net to balance
Published 07 Jan, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (January 06, 2010).

Published 07 Jan, 2010 12:00am
Missing persons: system on the verge of collapse: Supreme Court

Missing persons: system on the verge of collapse: Supreme Court

Justice Javed Iqbal of Supreme Court observed here on Wednesday that "the system is on the verge of collapse and intervention is required." He lamented that if the court intervened, it was accused of trespassing another's jurisdiction. Justice Javed Iqbal
Published 07 Jan, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (January 06, 2010).
Published 07 Jan, 2010 12:00am
Missing persons: system on the verge of collapse: Supreme Court

Missing persons: system on the verge of collapse: Supreme Court

Justice Javed Iqbal of Supreme Court observed here on Wednesday that "the system is on the verge of collapse and intervention is required." He lamented that if the court intervened, it was accused of trespassing another's jurisdiction. Justice Javed Iqbal
Published 07 Jan, 2010 12:00am
BRIndex30 up 117.79 points

BRIndex30 up 117.79 points

On Wednesday, the BRIndex30 opened at 8,439.48 points and, after remaining positive throughout the market time, closed at 8,557.27 points, with a positive change of 117.79 points, or 1.40 percent. It experienced intra-day high of 8,608.06 and low of 8,439
Published 07 Jan, 2010 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 (January 06, 2010).

Published 07 Jan, 2010 12:00am
BRIndex30 up 117.79 points

BRIndex30 up 117.79 points

On Wednesday, the BRIndex30 opened at 8,439.48 points and, after remaining positive throughout the market time, closed at 8,557.27 points, with a positive change of 117.79 points, or 1.40 percent. It experienced intra-day high of 8,608.06 and low of 8,439
Published 07 Jan, 2010 12:00am
KSE index gains 69.98 points

KSE index gains 69.98 points

Bullish trend continued at Karachi share market on Wednesday and KSE-100 index gained 69.98 points to close at 9,727.36 points. The market opened on a positive note and the index hit 9,810.19 points intra-day high, up 152.81 points. However, profit taking
Published 07 Jan, 2010 12:00am
KSE index gains 69.98 points

KSE index gains 69.98 points

Bullish trend continued at Karachi share market on Wednesday and KSE-100 index gained 69.98 points to close at 9,727.36 points. The market opened on a positive note and the index hit 9,810.19 points intra-day high, up 152.81 points. However, profit taking
Published 07 Jan, 2010 12:00am
KSE index gains 69.98 points

KSE index gains 69.98 points

Bullish trend continued at Karachi share market on Wednesday and KSE-100 index gained 69.98 points to close at 9,727.36 points. The market opened on a positive note and the index hit 9,810.19 points intra-day high, up 152.81 points. However, profit taking
Published 07 Jan, 2010 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 (January 06, 2010).

Published 07 Jan, 2010 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 (January 06, 2010).

Published 07 Jan, 2010 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 (January 06, 2010).

Published 07 Jan, 2010 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 07 Jan, 2010 12:00am
US missile strikes kill 15

US missile strikes kill 15

At least 15 people were killed and several more injured in two suspected US drone attacks in North Waziristan tribal district Wednesday, a security official said. A US pilotless aircraft fired two missiles at a mud compound in Datta Khel area, near Afghan
Published 07 Jan, 2010 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 07 Jan, 2010 12:00am
US missile strikes kill 15

US missile strikes kill 15

At least 15 people were killed and several more injured in two suspected US drone attacks in North Waziristan tribal district Wednesday, a security official said. A US pilotless aircraft fired two missiles at a mud compound in Datta Khel area, near Afghan
Published 07 Jan, 2010 12:00am
Policeman killed, eight hurt in IHK gunfire

Policeman killed, eight hurt in IHK gunfire

Suspected militants on Wednesday opened fire in the main market area of Indian Kashmir's summer capital occupied Srinagar, killing at least one police officer and sending residents ducking for cover. Police said one or two gunmen had taken up positions in
Published 07 Jan, 2010 12:00am
New York cotton

New York cotton

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

Published 07 Jan, 2010 12:00am
Policeman killed, eight hurt in IHK gunfire

Policeman killed, eight hurt in IHK gunfire

Suspected militants on Wednesday opened fire in the main market area of Indian Kashmir's summer capital occupied Srinagar, killing at least one police officer and sending residents ducking for cover. Police said one or two gunmen had taken up positions in
Published 07 Jan, 2010 12:00am
New York cotton

New York cotton

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

Published 07 Jan, 2010 12:00am
Arson affected building collapses: 12 people feared dead

Arson affected building collapses: 12 people feared dead

At least 12 people were feared dead when an arson-affected multi-storey building in the city collapsed on Wednesday. At the time of collapse, five masons and seven scavengers were busy in its rehabilitation activities. Rescue teams of City District Govern
Published 07 Jan, 2010 12:00am
Arson affected building collapses: 12 people feared dead

Arson affected building collapses: 12 people feared dead

At least 12 people were feared dead when an arson-affected multi-storey building in the city collapsed on Wednesday. At the time of collapse, five masons and seven scavengers were busy in its rehabilitation activities. Rescue teams of City District Govern
Published 07 Jan, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 147,236 tonnes of liquid import cargo including 123,755 tonnes of import 23,481 tonnes of export cargo and 1,649 loaded and empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 123,755
Published 07 Jan, 2010 12:00am
Cigarette prices raised under FBR pressure

Cigarette prices raised under FBR pressure

The Federal Board of Revenue has pressurised cigarette manufactures to increase price of this item on all brands for meeting the ambitious revenue target from the cigarette industry during 2009-10. Sources told Business Recorder here on Wednesday t
Published 07 Jan, 2010 12:00am
US Midwest bids for corn firm, soya steady

US Midwest bids for corn firm, soya steady

Corn spot basis bids firmed at US Midwest processors and elevators on Tuesday while soyabean bids held mostly steady amid slow farmer selling of both commodities, dealers said. There was minor selling of corn and soyabeans as some farmers took advantage o
Published 07 Jan, 2010 12:00am
Cigarette prices raised under FBR pressure

Cigarette prices raised under FBR pressure

The Federal Board of Revenue has pressurised cigarette manufactures to increase price of this item on all brands for meeting the ambitious revenue target from the cigarette industry during 2009-10. Sources told Business Recorder here on Wednesday t
Published 07 Jan, 2010 12:00am
US wheat futures fall

US wheat futures fall

US wheat futures fell on Tuesday, setting back from one-month highs amid continued pressure from abundant stocks around the globe. Trading was choppy throughout the day as expectations for heavy fund buying as part of portfolio rebalancing added support.
Published 07 Jan, 2010 12:00am
Cigarette prices raised under FBR pressure

Cigarette prices raised under FBR pressure

The Federal Board of Revenue has pressurised cigarette manufactures to increase price of this item on all brands for meeting the ambitious revenue target from the cigarette industry during 2009-10. Sources told Business Recorder here on Wednesday t
Published 07 Jan, 2010 12:00am
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