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Print - 2011-08-21
Issuance of national audit plan: FBR bars Taxpayer's Audit Wing

Issuance of national audit plan: FBR bars Taxpayer's Audit Wing

The Federal Board of Revenue (FBR) has barred the FBR Taxpayer's Audit Wing from issuance of national audit plan to the field formations for adopting a new policy under which Central Audit Task Force would be set up for monitoring of audit cases to ensure
Published 21 Aug, 2011 12:00am
Issuance of national audit plan: FBR bars Taxpayer's Audit Wing

Issuance of national audit plan: FBR bars Taxpayer's Audit Wing

The Federal Board of Revenue (FBR) has barred the FBR Taxpayer's Audit Wing from issuance of national audit plan to the field formations for adopting a new policy under which Central Audit Task Force would be set up for monitoring of audit cases to ensure
Published 21 Aug, 2011 12:00am
''Pakistan won''t allow exploitation of its waters''

''Pakistan won''t allow exploitation of its waters''

Prime Minister Syed Yousuf Raza Gilani has said that Pakistan government will not allow any country to exploit its water resources at any cost, adding that Pakistan has raised water dispute with India at every international forum. Speaking at ''7th Achiev
Published 21 Aug, 2011 12:00am
'Pakistan won't allow exploitation of its waters'

'Pakistan won't allow exploitation of its waters'

Prime Minister Syed Yousuf Raza Gilani has said that Pakistan government will not allow any country to exploit its water resources at any cost, adding that Pakistan has raised water dispute with India at every international forum. Speaking at '7th Achieve
Published 21 Aug, 2011 12:00am
'Pakistan won't allow exploitation of its waters'

'Pakistan won't allow exploitation of its waters'

Prime Minister Syed Yousuf Raza Gilani has said that Pakistan government will not allow any country to exploit its water resources at any cost, adding that Pakistan has raised water dispute with India at every international forum. Speaking at '7th Achieve
Published 21 Aug, 2011 12:00am
LPG prices saw unprecedented increase since 2005

LPG prices saw unprecedented increase since 2005

The prices of Liquefied Petroleum Gas (LPG) have registered an unprecedented increase since 2005, as it was available at Rs 17,000 per ton, which is now being sold at Rs 106,000 per ton. As per official figures, local LPG production in Pakistan stands at
Published 21 Aug, 2011 12:00am
LPG prices saw unprecedented increase since 2005

LPG prices saw unprecedented increase since 2005

The prices of Liquefied Petroleum Gas (LPG) have registered an unprecedented increase since 2005, as it was available at Rs 17,000 per ton, which is now being sold at Rs 106,000 per ton. As per official figures, local LPG production in Pakistan stands at
Published 21 Aug, 2011 12:00am
LPG prices saw unprecedented increase since 2005

LPG prices saw unprecedented increase since 2005

The prices of Liquefied Petroleum Gas (LPG) have registered an unprecedented increase since 2005, as it was available at Rs 17,000 per ton, which is now being sold at Rs 106,000 per ton. As per official figures, local LPG production in Pakistan stands at
Published 21 Aug, 2011 12:00am
16.4 percent rise in SPI inflation

16.4 percent rise in SPI inflation

The weekly inflation SPI surged by 16.40 percent during the week ending on August 18 over the same period of last year, following continuous increase in the prices of essential commodities in Ramazan. The Federal Bureau of Statistics (FBS) data on SPI rel
Published 21 Aug, 2011 12:00am
16.4 percent rise in SPI inflation

16.4 percent rise in SPI inflation

The weekly inflation SPI surged by 16.40 percent during the week ending on August 18 over the same period of last year, following continuous increase in the prices of essential commodities in Ramazan. The Federal Bureau of Statistics (FBS) data on SPI rel
Published 21 Aug, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (August 20, 2011) and the forecast for Sunday (August 21, 2011).

Published 21 Aug, 2011 12:00am
16.4 percent rise in SPI inflation

16.4 percent rise in SPI inflation

The weekly inflation SPI surged by 16.40 percent during the week ending on August 18 over the same period of last year, following continuous increase in the prices of essential commodities in Ramazan. The Federal Bureau of Statistics (FBS) data on SPI rel
Published 21 Aug, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
PC invites EoIs for HEC sell-off

PC invites EoIs for HEC sell-off

The Privatisation Commission has invited Expressions of Interest (EoIs) from potential investors, industrial companies and groups, consortium of investors for acquiring 96 percent shares owned by the Government of Pakistan in the Heavy Electrical Complex
Published 21 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
PC invites EoIs for HEC sell-off

PC invites EoIs for HEC sell-off

The Privatisation Commission has invited Expressions of Interest (EoIs) from potential investors, industrial companies and groups, consortium of investors for acquiring 96 percent shares owned by the Government of Pakistan in the Heavy Electrical Complex
Published 21 Aug, 2011 12:00am
PC invites EoIs for HEC sell-off

PC invites EoIs for HEC sell-off

The Privatisation Commission has invited Expressions of Interest (EoIs) from potential investors, industrial companies and groups, consortium of investors for acquiring 96 percent shares owned by the Government of Pakistan in the Heavy Electrical Complex
Published 21 Aug, 2011 12:00am
Two Pakistani soldiers, five militants die in gunfight

Two Pakistani soldiers, five militants die in gunfight

At least two Pakistani soldiers and five militants died in a shootout in a north-western tribal area Saturday, where a suicide bomber killed 51 people at a mosque a day earlier, officials said. The gun battle took place in Akakhel village in Khyber tribal
Published 21 Aug, 2011 12:00am
Two Pakistani soldiers, five militants die in gunfight

Two Pakistani soldiers, five militants die in gunfight

At least two Pakistani soldiers and five militants died in a shootout in a north-western tribal area Saturday, where a suicide bomber killed 51 people at a mosque a day earlier, officials said. The gun battle took place in Akakhel village in Khyber tribal
Published 21 Aug, 2011 12:00am
Power sector: Iranian gas to be supplied to SNGPL and SSGC

Power sector: Iranian gas to be supplied to SNGPL and SSGC

The government has decided to supply Iranian gas to Sui Northern Gas Pipelines (SNGPL) and Sui Southern Gas Company (SSGC) with the ratio of 65: 35 respectively, which will be specifically dedicated for the power sector, sources close to Minister for Wate
Published 21 Aug, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Power sector: Iranian gas to be supplied to SNGPL and SSGC

Power sector: Iranian gas to be supplied to SNGPL and SSGC

The government has decided to supply Iranian gas to Sui Northern Gas Pipelines (SNGPL) and Sui Southern Gas Company (SSGC) with the ratio of 65: 35 respectively, which will be specifically dedicated for the power sector, sources close to Minister for Wate
Published 21 Aug, 2011 12:00am
Power sector: Iranian gas to be supplied to SNGPL and SSGC

Power sector: Iranian gas to be supplied to SNGPL and SSGC

The government has decided to supply Iranian gas to Sui Northern Gas Pipelines (SNGPL) and Sui Southern Gas Company (SSGC) with the ratio of 65: 35 respectively, which will be specifically dedicated for the power sector, sources close to Minister for Wate
Published 21 Aug, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Diplomats to get 'travel permission' for visits

Diplomats to get 'travel permission' for visits

The Foreign Office has asked all diplomats to get 'travel permission' for visits inside Pakistan owing to their security requirements, according to a circular issued to all embassies.
Published 21 Aug, 2011 12:00am
Diplomats to get 'travel permission' for visits

Diplomats to get 'travel permission' for visits

The Foreign Office has asked all diplomats to get 'travel permission' for visits inside Pakistan owing to their security requirements, according to a circular issued to all embassies.
Published 21 Aug, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Zardari takes up Karachi situation with Sindh PPP ministers

Zardari takes up Karachi situation with Sindh PPP ministers

President Asif Ali Zardari met with Sindh ministers belonging to Pakistan Peoples Party at the President's House on Saturday and discussed matters relating to law and order situation in Karachi. Quoting sources, a private TV channel reported that various
Published 21 Aug, 2011 12:00am
Zardari takes up Karachi situation with Sindh PPP ministers

Zardari takes up Karachi situation with Sindh PPP ministers

President Asif Ali Zardari met with Sindh ministers belonging to Pakistan Peoples Party at the President's House on Saturday and discussed matters relating to law and order situation in Karachi. Quoting sources, a private TV channel reported that various
Published 21 Aug, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Army ready to help restore peace in Karachi: Kayani

Army ready to help restore peace in Karachi: Kayani

The Army is ready to do everything possible to restore peace in Karachi, a private TV channel reported. According to Army Chief General Pervaiz Kayani, a decision in this respect, however, has to be taken by the government. Only then will the army play it
Published 21 Aug, 2011 12:00am
Army ready to help restore peace in Karachi: Kayani

Army ready to help restore peace in Karachi: Kayani

The Army is ready to do everything possible to restore peace in Karachi, a private TV channel reported. According to Army Chief General Pervaiz Kayani, a decision in this respect, however, has to be taken by the government. Only then will the army play it
Published 21 Aug, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
THE RUPEE: dollar kisses 87 level

THE RUPEE: dollar kisses 87 level

The dollar hit the high level at Rs 87 at one point on the money market on Saturday on the forward buying of the greenback market, dealers said. Currency experts attributed the fresh low to negative sentiment about the country's economic outlook, as well
Published 21 Aug, 2011 12:00am
THE RUPEE: dollar kisses 87 level

THE RUPEE: dollar kisses 87 level

The dollar hit the high level at Rs 87 at one point on the money market on Saturday on the forward buying of the greenback market, dealers said. Currency experts attributed the fresh low to negative sentiment about the country's economic outlook, as well
Published 21 Aug, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (August 20, 2011).

Published 21 Aug, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 20, 2011).
Published 21 Aug, 2011 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 Saturday (August 20, 2011).

Published 21 Aug, 2011 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 Saturday (August 20, 2011).

Published 21 Aug, 2011 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 Saturday (August 20, 2011).

Published 21 Aug, 2011 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 Saturday (August 20, 2011).

Published 21 Aug, 2011 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 21 Aug, 2011 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 21 Aug, 2011 12:00am
Liverpool pile misery on Arsenal

Liverpool pile misery on Arsenal

Arsenal suffered more misery on Saturday as Liverpool won 2-0 at the Emirates thanks to an own goal and a late Luis Suarez strike, with the London side reduced to 10 men for the second successive Premier League game. There was a change in fortunes for new
Published 21 Aug, 2011 12:00am
Doherty, Lee star in Australia's series win

Doherty, Lee star in Australia's series win

Xavier Doherty and Brett Lee took four wickets apiece as Australia defeated Sri Lanka by five wickets in the fourth one-dayer on Saturday to gain an unbeatable 3-1 lead in the five-match series. Left-arm spinner Doherty, who was named man of the match, fi
Published 21 Aug, 2011 12:00am
Bolt confident for world 100 metres

Bolt confident for world 100 metres

Usain Bolt, the world's fastest man, predicted on Saturday he would retain his world 100 metres title in Daegu, South Korea, easily this month provided he gets a decent start. "If I get a good start...it won't be a problem for me," the lanky Jamaican told
Published 21 Aug, 2011 12:00am
National disable cricket championship from September 8

National disable cricket championship from September 8

As many as 12 teams will feature in the third edition of National Disable Cricket Championship to be held in Lahore from September 8. A spokesman of Pakistan Disabled Cricket Association said that Karachi will be defending its title in the competition in
Published 21 Aug, 2011 12:00am
Two Pakistani judokas depart for France

Two Pakistani judokas depart for France

Two judokas Karamat Butt (-81kg) and Mohammad Pervez (-100kg) departed for France on Saturday to participate in the 28th World Judo Championships beginning from August 23. Brigadier Iqtidar Naseer Ahmed, Director of Army Sports Directorate who is the mana
Published 21 Aug, 2011 12:00am
Djkovic eases through, Nadal, Federer out

Djkovic eases through, Nadal, Federer out

Novak Djokovic survived a scare before easing through to the semis, but Rafael Nadal and Roger Federer's US Open preparations hit a snag at the ATP Cincinnati Masters on Friday. World No 1 Djokovic outlasted Frenchman Gael Monfils to win 3-6, 6-4, 6-3 in
Published 21 Aug, 2011 12:00am
India 103 for five at close

India 103 for five at close

India were 103 for five at stumps in their first innings on the third day of the fourth Test at The Oval on Saturday in reply to England's 591 for 6 declared. Rahul Dravid, on 57, and skipper Mahendra Singh Dhoni, on five, were the not out batsmen.
Published 21 Aug, 2011 12:00am
England 591-6 declared against India

England 591-6 declared against India

England, after winning the toss, declared their first innings on a score of 591 for six on the third day of the fourth Test against India at The Oval here on Saturday. Ian Bell's Test-best 235 was the cornerstone of a total that also featured 175 from Kev
Published 21 Aug, 2011 12:00am
India asks sugar mills to register for exports

India asks sugar mills to register for exports

Indian government has asked sugar mills to register for an additional 500,000 tonnes of unrestricted sugar exports, a statement said. The food ministry would give permission to the mills to exports within three days after their applications, the statement
Published 21 Aug, 2011 12:00am
India plans manufacturing policy to boost job creation

India plans manufacturing policy to boost job creation

India aims to sharply crank up its manufacturing base to help provide jobs to 100 million young people who will join the workforce by 2025, a minister said Friday. "About 100 million young people will enter the job market and emphasis on manufacturing is
Published 21 Aug, 2011 12:00am
Mexico ratings well-anchored: Fitch

Mexico ratings well-anchored: Fitch

Mexico has to contain drug violence, improve competitiveness and stay on the budget straight and narrow to keep its good standing in the eyes of global investors, a Fitch analyst said on Friday. Mexico's foreign-currency debt rating was "fairly well-ancho
Published 21 Aug, 2011 12:00am
Singapore's Keppel Land secures China land

Singapore's Keppel Land secures China land

Keppel Land, the property arm of world's largest rig builder Keppel Corp, said its unit in China has secured a 21.5-hectare lakefront residential site in the country for 1.937 billion yuan ($303 million). The site, located in Binhu district in Wuxi of Chi
Published 21 Aug, 2011 12:00am
Epson Korea says cyber attack affects 350,000 customers

Epson Korea says cyber attack affects 350,000 customers

Epson Korea Co, Ltd on Saturday hackers had breached the personal data of its 350,000 registered customers last week, the latest in a series of cyber attacks involving a huge number of victims in the country. An official at the South Korean affiliate of S
Published 21 Aug, 2011 12:00am
Public-private deals to ease Africa's infrastructure: IFC

Public-private deals to ease Africa's infrastructure: IFC

Expected aid cutbacks in developed nations and a push by some African governments to tackle yawning infrastructure gaps by public-private partnerships present a real opportunity for investors on the continent, the World Bank private sector arm said on Fri
Published 21 Aug, 2011 12:00am
TUI to cut 400 jobs in Germany

TUI to cut 400 jobs in Germany

German tourism and shipping group TUI AG plans to cut up to 400 jobs in Germany as it aims to reduce costs, Germany's Sueddeutsche Zeitung reported on Saturday. The cutbacks will affect the Hanover headquarters of TUI Travel's German business, the paper s
Published 21 Aug, 2011 12:00am
US closes three more banks, 68 so far in 2011

US closes three more banks, 68 so far in 2011

US regulators closed three banks on Friday, bringing the total number of foreclosures this year to 68, as the pace of bank failures slows. The Federal Deposit Insurance Corporation (FDIC) expects the year-end tally of closures to be below last year's tota
Published 21 Aug, 2011 12:00am
Investors seeing gold in US farmland, infrastructure

Investors seeing gold in US farmland, infrastructure

The overall US economy may be struggling against a double-dip recession but in farm country the boom times have rarely been better. Farmland prices are setting records and farmer incomes have been buoyed by exports and biofuels, easing the pain of some ro
Published 21 Aug, 2011 12:00am
BofA ML plans Russia, Poland investment bank push

BofA ML plans Russia, Poland investment bank push

Bank of America Merrill Lynch is ramping up in Russia and Poland to tap into their growth prospects and privatisation deals, one of its top investment bankers said. The biggest US bank is looking to boost its market share in Poland, after a recent batch o
Published 21 Aug, 2011 12:00am
Japan mulling another FX intervention

Japan mulling another FX intervention

Japan is considering intervening in the currency market again to stem further yen gains after the currency's overnight ascent to a fresh record high against the dollar, the Nikkei newspaper said on Saturday. If the yen continues to rise, Japanese authorit
Published 21 Aug, 2011 12:00am
Germany rebuffs renewed euro bond debate

Germany rebuffs renewed euro bond debate

Germany on Saturday rebuffed renewed calls that eurozone countries should issue joint euro-denominated bonds and have a joint finance minister, arguing that would only be possible if fiscal policy were collective already.
Published 21 Aug, 2011 12:00am
Germany rebuffs renewed euro bond debate

Germany rebuffs renewed euro bond debate

Germany on Saturday rebuffed renewed calls that eurozone countries should issue joint euro-denominated bonds and have a joint finance minister, arguing that would only be possible if fiscal policy were collective already.
Published 21 Aug, 2011 12:00am
India sets nine percent growth target despite global woes

India sets nine percent growth target despite global woes

India aims to accelerate economic growth to nine percent, despite deepening global financial worries and stubborn domestic inflationary pressures, Prime Minister Manmohan Singh said on Saturday. The higher growth target comes even though India's hawkish c
Published 21 Aug, 2011 12:00am
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