LSE Falls Sharply

Lahore: Lahore Stock Exchange on Monday in a technical improvement recorded extensive damage has closed at 2915.51 down 114.92 points. Earlier, the day continues with trade selling pressure started. Investors sold their holdings and large petroleum companies put in them were seen, including Blue Chip. Total of 117 stock companies, business, of which 32 rose, 46 fell and 39 were unchanged. Total volume on the top list of recording business with Bank of Punjab 4.584 million shares was 30.767 million shares. Millat Tractors, Mari Gas, ICI, Indus Motor, Ghani Glass, SME leases, Lucky Cement, Kohat Cement, Atlas Bank and big gains were in PPFL day, while PSO, Engro Chemical, MCB, ARL, Pakistan Petroleum, Adamjee Insurance , Pak oilfields, Dawood Hercules, OGDCL and Nishat Mills was the main loser.

Karachi Bourse Loses 254 Points On Technical Correction

Karachi: Karachi market finally most awaited technical improvement of monetary policy announcement on Monday took place Tuesday by the State Bank of Pakistan. Across - the board's sales, price erosion, with medium business and noteworthy, the market index closed 2.64 percent shaved. Shares or 2.64 per cent KSE-100 index 254.67 points to 9409.58 and closed at a significant loss. Its junior partner, 30 per cent or 3.12 per share Sensex shed 325.41 points and ended at 10,109.88. Oil exploration and production companies, banks and telecommunications companies as a major market and bring down the contribution of the negative points in the double digits has played a major role. These were the major share of oil and gas development company, Pakistan Petroleum, National Bank, Bank MCB, Habib Bank and Pakistan Telecommunication Company. Analysts believe that investors adopted a cautious stance of monetary policy by SBP on the release of a statement Tuesday. Policy statement was expected to unveil any new problem, but to continue the current policy. In addition, the market last week with 13 points to 9700 levels above 23 per cent higher than a month had. The 23-cent benefit from a straightforward manner and that any major improvement for investors offloading a part of their holdings without in while there's nothing were enjoying this season. Discount rate cut 50 basis points from which hoped to see another section of analysts (SBP lending rate, which stands at 13 per cent ie present) capital reserve requirement (CRR) in the event with minor changes. Any positive change in policy statement, even small investors to motivate a buyer in the past two seasons as comeback stage as businesses, can be healthy, "he said. Ready on board turnover of 345.32 million shares a day, which is less percent was 450.99 million shares changed hands on the weekends, but 23 per cent was recorded. 3.50 million shares from 1.80 million in future business Friday for business shrank. Across the board price - total market capitalization, which R. S. 2, wiping out 729 billion from Rs66 billion decline as a result of erosion. Analysts said that the policy rate, global stock markets and international oil after June quarter results for the majority fall in prices due to negative sentiment had improved already announced significant changes in the KSE expect limited. Another analyst said sales of oil and gas exploration and oil marketing stocks kept the pressure standard, while relatively low multiples of the strength seen in the shares trade local but stored on dips, digestible. Triple-digit decline in almost all regions have a high cost stocks, especially banking and fertilizer under pressure, such permission normalize adjust monetary approach. A key feature of the initial depreciation at the end of the day with an hour into the blast still suggest variable improvement since then, a neutral nominal interest rates have declined. Banking stocks are stored at low price dips though invited, expected to be mainly due to regulatory changes to facilitate the banking sector. At the price of fertilizer sector and cement sector as the stock dips collection looked well. Monetary approach to unveiling the stock market in the short term quarter will set a trend (September) start making their own way in the end results, he said. A total of 202 stocks declined Actives 414, 194 shares advanced, while the remaining 18 shares remained unchanged. JS highest amount of Rs1.54 profit company, 16.96 million in 31 funds at the end, Lucky Cement 22.42 million Rs36.23 with a loss in the conclusion of DG Khan Cement 36.42 million Rs35.19 after the closure was seen 90 Money, Ah stop in 16.84 million Rs41.67 with a loss of Rs1.26 and Rs1.04 loss of Pakistan Telecommunication Company with 15.89 million Rs21.79 at the conclusion with the benefit of security Rs77. 26.

Oil Edges Above $66, Eyeing Dollar And Equities

LONDON: Oil edged up on Monday, 66 dollars a barrel, rebounding is a shortage earlier after expanding 8.4 per cent decline last week, S, dollar as stock markets lost ground and moved higher. Dollar against basket of currencies over the first benefit was the most oil and increase the appeal of commodities to investors. European stocks and U.S. stocks quickly confirmed successful. Making some progress this financial Sucden Rob Montefusco S Back Up, said. Same time, the heaven we have seen and we need to take TV demand that power in the region currently attracts back. U.S. crude oil up 24 cents to $ 66.26 a barrel by 1357 GMT was, after falling as $ 65.41 before. London Brent was testing the 1cent up to $ 65.12.Iran Defense analysts said Monday Israel could attack U.S. targets in the Gulf region and a type of missile fired, state television reported. Tehran's nuclear program S on oil prices in recent years have supported stress. Country's second largest oil producer in the Middle East.In late 2008's country, Iran on Hormuz, through which about 40 per cent of the world's oil passes through the world, when tensions rose in line with one other S business threatened to block the Strait around the United States nuclear work. However, sluggish demand for oil from the United States last week reinforced by slow economic data, investors continued to command attention. Iran's situation is not very impressed. If so, we d back toward $ 70 again, a London broker Christopher Bellew at Bache Commodities said. Oil prices around 2-3 months, their biggest weekly decline in U.S. crude last week, government data show list increased pressure was deployed, suggest demand remains weak.

Industry Lobby To Push ECC To Take

Islamabad: A powerful lobby, all fertilizer on Tuesday pushed back his last cabinet meeting of ECC is ready to take 0.4 million tonnes of urea through private sector decided to import S, reliable sources told news for the development of private Monday. Ministry of Industries & Production Summary TCP with ECC and the National Fertilizer Marketing Limited (NFML) 2009-10 to Rabi stores through its distribution by 0.6 million tons of urea fertilizer demand for import approval has submitted , the agenda shows the meeting available with ECC news. Federal Petroleum and Natural Resources, Minister for Syed naveed waist, will chair the Finance Minister Asif Ali Zardari Shaukat Tarin have a meeting with U.S. President. Federal Industry and Production, passed Ahmed Watto, the minister comment on the issue when the news on the import of urea fertilizer asked about the reversal of the decision of ECC refused. Has allowed 400,000 tonnes of urea ECC come before private importers with a subsidy of Rs750 per bag of 50kg through private sector imports for the first service basis, said an official announcement on September 15 with ECC meeting of Finance Minister After the chair Shaukat Tarin. Surveillance and target of 400,000 tonnes of banks on the achievement Credit cards (LCs) to stop the issuance, the Ministry added.The, in the last Kharif season, sale and distribution of allocated 650.000 tonnes (13 to Rs1 billion through be pocketed million 50kg bags), National Fertilizer Marketing Limited (NFML) urea imported through shops. A minimum 50kg bag price of Rs710 per 50kg in the open market price of Rs100 extra certainly be cheating farmers.To sabotage ECC Urea imports from Rs1.3 billion through the private sector to step S, an insider told this correspondent, the Ministry of commodity shortage again through NFML farming community as a fleecing of the previous rabi season was one for the forum is established. Federal next day on September 15 at the ECC meeting industry and production, urea producers accept Minister Ahmed Wattoo and efficient private sector convened a meeting to allow import 0.4 million tonnes to power only two weeks to reverse the decision appealed Rabi Urea fertilizer for crops, he said. Federal Minister for Industries and Production National Fertilizer Marketing Limited and the direction of loved ones as the import of urea from the Parliament as well as partner leading English daily newspaper, the issue was published in June awarded S .

NWFP proposes Trust Fund For Reconstruction, Rehabilitation

Peshawar: NWFP Governor Owais Ahmed Ghani said on Monday that the provincial government proposed a trust fund that received financial assistance through various channels, including Kerry, Lugar bill, including reconstruction and rehabilitation projects, 75 percent of these funds May ensure access terrorism charges - hit province and Union Tribal Area (FATA) administered. She Trade and Industry, Commerce and Industry (SCCI) and the Sarhad Chamber of Women Entrepreneurs Development Initiative (WEDI) here in the Chamber directory was speaking at the launch party offices. Respond to proposals put forward by SCCI, its demand that the province governor and tribal areas should be declared war - has endorsed a hit, but only a notification that the purpose is not appropriate for rehabilitation and reconstruction and terrorism will aid in the scattering regions and provinces should be well as Fata. Law and order situation in tribal areas and the surrounding province of, Ghani said the situation was changing. Next 10 or 12 months will be normal in position. Said the provincial governor had proposed establishing a federal government with the Board of Trustees form a trust fund, SCCI two members and the money spent rebuilding and rehabilitation projects identified for review.

He said 75 per cent of the Fund to ensure access various sources and channels in those areas in the province of Kerry-Lugar bill, and the wave of terrorism Fata decade include long-battered, is being received from. Opportunity to answer the SCCI field reconstruction (ROZs) reservations about S, Ghani said he already USAID and the grievances of people had informed the U.S. ambassador and told him the current situation and the size of the project stakeholders was not acceptable. He recommended the formation of a Review Committee in the areas of the province and Fata number given to assess damage. He added that a review committee, headed by Finance Minister Shaukat Tarin, already funding and other matters of reconstruction and rehabilitation projects for the province to put in the release of funds for expenses related to the performance review started went on. About the Review Committee Rs6 billion cash infusion is possible through which he represented himself and may Province Chief Minister Amir Haider Khan does, he said. Similarly, the province to attract investment for expansion of Peshawar airport terminal has finalized a plan and Army officials already project that is an indication that the province is ready for foreign investment was willing to agree to land had to give. The final phase of their business in Peshawar Pakistan Army Katcha Garhi land where one is planned on major defense housing scheme will be established in the City project plan, Ghani said. He said that the government had found a place and time that law and order to focus on improving the economic aspect and it is now moving rapidly in this direction. Earlier, SCCI President Sharfat Ali Mubarik, Vice President Mohammad Ishaq obstacles and difficulties, Senator Ilyas Ahmed Bilour briefed the governor in the province and tribal areas is being faced by the business community.

Gwadar Port Authority To Be Restructured

Islamabad: Government of the Gwadar Port Authority chairman and board members with the revised non-place - by working professionals (s GPA) has decided the structure of power with the objective of keeping skilled people, official sources told Business recorder. Ports and Shipping Ministry to the Cabinet a summary May 14, 2008 was submitted to.

Gwadar Port Authority Port Cabinet deferred consideration to fully test the new corporate structure for the revised bill is S. A committee ports and shipping, finance, law and justice, a minister for Baluchistan and ministers including the vice president met by was Planning Commission. Committee at its meeting on July 2, 2008, thoroughly examined this Bill, an amendment advised, and the Ministry of Ports and Shipping Instructions for scrutiny on the revised bill to the Law Ministry. Sources said that the bill is finalized by the Committee and conducted by the Law Ministry, Cabinet Division submitted to Cabinet for consideration, conclusions and recommendations of the Committee, a summary through December 16, 2008 was with the . However, Cabinet Division summary returned by December 23, renewed for consultation with all stakeholders was 2008 with advice and review from the Law Ministry. Accordingly, the views of Ministries / Government of Balochistan as well regards Bill fresh divisions were achieved. Sources said that the revised provisions of the various Ministries and Divisions GPA have a wide range of differences between the Bill which are being tabled before the Cabinet for its decision are. Under the Bill, the chairman and board members of non-executive professionals will be without any executive function or responsibility.

WTO asks Pakistan to increase fine

Lahore: World Trade Organization (WTO) has asked Pakistan and other developing countries under the Intellectual Property Rights (IPR) is fine and imprisonment for violators of the increase in the period. World Trade Organization signed a five-year grace period was under developed economies of South Asia including Pakistan and the IPR, which expired in 2007, but no concrete steps taken to apply to the issue.


News has learned that the organization that the WTO Agreement on Pakistan and Rs0.2 million over a period of imprisonment penalty amount to Rs0.5 million for three years for violators of IPR should be extended is asked to sign. Though the Government has not followed the instructions in the World Trade Organization. Unconsciousness, low GDP growth and lack of education about the root causes for non-IPR in the country are implementing the guidelines. , Intellectual Property Organization (IPO) of Pakistan Intellectual Property Rights Advisory Majid Bashir about the need for an awareness program in the country is called. Commerce and Industry, trade bodies and chambers of academia and specialized training programs on IPR introducing a ban on Pakistan from the World Trade Organization should be to avoid, he said.

Under the World Trade Organization's trade related Intellectual Property Rights (TRIPS) signed an agreement refers to Pakistan, along with global trends in intellectual property need to upgrade infrastructure. Accordingly, intellectual property, namely copyright, patent and trademark have been upgraded and modified the existing law is the law applied as well, he said. Awareness and non availability of intellectual property rights related advisory highlighting the poor condition Majid said that Pakistan's efforts IPOs, intellectual property rights with the Punjab University as an optional subject was introduced two years ago. Intellectual property rights for intellectual property rights on the subject as a whole was available because no professor teaching has not started yet. However, some success achieved by Pakistan's education account IPO was three months short courses as Intellectual Property Rights in Punjab Law College and started for a number of people were getting themselves enrolled in such courses . Meanwhile, one company's IPO registration, copyright, trademarks and patents and offices were opened in Karachi to Lahore and started windows service, while regional offices in Peshawar and Quetta will be opened soon, he said. He said that to provide better service integration and IP infrastructure with the objective of improving the IPO Pakistan is working, IP-based one to achieve the goal of increased public awareness and increase enforcement coordination. Majid said an academy was opened in the office where the IPO at IPR courses was initiated. This apart, the IPO related government officials, manufacturers and others as well had arranged for a number of workshops.

Fund to rebuild conflict areas established

New York - an unprecedented show of support for Pakistan, the major economic powers on Thursday the formation of a multi - Donor Trust agreed to help the country's tribal areas which have suffered much ongoing war against terrorists cause. President Barack Obama, Pakistan President Asif Ali Zardari and Prime Minister Gordon Brown bear (FoDP) chaired a meeting of the Democratic friends. , The top U.S. official dealing with Pakistan and Afghanistan, said Richard Holbrooke, Kerry next week, but Lugar legislation under one Act will help measure the distribution is a complex process.

Foreign Minister Shah Mahmood Qureshi, a diplomatic success of the summit, that a vote of confidence in the Pakistani nation represented. In his brief statement, praised Brown violent extremism in Islamabad to stabilize troubled campaign in border areas and free S. We will support democracy Pakistan S, that Europe, America and the Gulf region said after the leaders of major economic powers expressed their support for Pakistan. President Zardari said that Pakistan has returned to democracy in the country is fighting against terrorists in. Pakistan has offered countless sacrifices, that this work is outstanding for its economic development, which is on the forefront in the fight against terrorists in the world reminding said. British politicians led by President Zardari to launch effective campaign against terrorists and praised the role of the armed forces.

Brown said all member countries addressing FoDP to express their support for Pakistan was the unanimous, economic and security challenges facing the nation. Speaking before meeting U.S. President Barack Obama announced Thursday that the Senate unanimously passed a long wait for Kerry-Lugar bill. Measures for Pakistan $ 1.5 billion in economic aid annually in five years will be authorized. Obama reaffirmed his administration's economic cooperation with the U.S. House of Representatives Pakistan.The commitment S now has bipartisan way soon, which later will be sent to President Obama is expected to sign them is the table. In his inaugural speech, President Asif Ali Zardari for Pakistan to support its unprecedented thanked world leaders. He said the world has recognized that our fight against terrorism only on the battlefield will not contested, but in education, health, employment, trade, and for hearts and minds of our people above all. Zardari said just a year ago, Pakistan was seen as weak and vulnerable. Today, we are in a better position. Our economic power will rest in our political stability. A stable, prosperous Pakistan is the world against the spread of extremism and terrorism is the greatest hope that S. During this first year success of democracy Pakistan has made one man's win, but the success of all countries. We have successfully fought insurgents in our Swat Valley. This is a victory not only for Pakistan but for democracy in the world. You join us against the threat of terrorism has created in our common struggle.
Chairman said that the people have democracy in Pakistan battle against militants fighting for political mastery of ourselves and fight on behalf of all humanity. Our people are united against the ideology and tactics of terrorists. We have shown determination and commitment. Pakistan, he said, showed that they paid a heavy price in blood for our country is not threatened despite the will. Our intrepid has succeeded in Swat and Malakand struggle that has ended questions to this. FoDP meeting, he said that Pakistan is one good example of international acceptance of this new century's great struggle on the pattern front. To help revive our economy has begun. We still have a long way. Our relations with Afghanistan has entered a new phase of cooperation. In our region we are working towards stability and peace. Measures we have created a window of opportunity. The final defeat terrorism and extremism is the window of opportunity for reversing, he stressed. On a permanent basis for stability in our region is a window of opportunity. We must maintain momentum that we generated. Together we must build a strategy for long. Our job as engagement and participation have yet to be released, he commented. Pakistan's president told friends that the fight against terrorists is not easy, but the nation remains strong. In Pakistan, democracy has begun to. We continue to provide and our people are determined to share in our success. It will not be easy. We will continue to face challenges. But challenges are opportunities there. The stakes could not possibly be more. My country is ready for value. We ready to do whatever is necessary to guarantee the values of freedom. For all of us in this room have learned long ago, one of history's great lessons - Freedom is not free.

Gold hits historic high, prices of commodities rise in Ramazan

On Friday, a gold price of Rs31, at 324 per tola as high record Rs31, 050 a day, further than the international market, where a 18-month rate went up to hit high. Friday, 10 grams increased the rate of Rs26, Rs26, 614 against 828 on Thursday.

Dealers said demand for the precious metal in September due to a number of factors such as the U.S. dollar slides against euro S, as an alternative asset reserves and growing interest in metal strengthening Chinese investors to buy During perked. A significant increase of Rs1, 324 3 was registered on September 18 in the local market. Gold traders fear that high prices prevent retail buyers wedding season, which Eid ul, Fitr, when demand for the precious metal is usually surges ahead after the first. Similarly, many consumers marriage season or for the purpose of investment to start harvesting yellow metal. After taking gold sales - monsoon phase, when people associated with the farming community in rural areas buy it. City government to control prices of essential commodities during Ramazan fugitive failed. His agreement goods retailers ignore Karachi City District Government (CDGK) S sold price list. Consumers without any scrutiny by the price control authorities were being fleeced. Chinese consumers due to lack market maintained far higher prices. One kg of sugar depending on the area between Rs50 and Rs55 officials set the price at Rs47 per kg commodity prices was at stake. Wheat flour was sold for Rs350 per 10kg bag 400. Difficult struggle for the poor at concessional rate of Rs100 during the month, buy a 10kg sack of flour. Milk prices in most sectors of the city rose to Rs50 per liter.

Prices of beef, chicken meat and mutton per kg respectively, Rs200, Rs266 and Rs350 for the roses. Prices of fruits and vegetables increased as these were being sold at double the price set by the CDGK. Consumers were complaining, but shocked - car dealers in view of growing demand in the last week of Ramazan price increase, citing the reason that they were on high value items from Sabzi Mandi. Hysteria as thousands of buyers on Eid and saw strong markets, as well as traders, but the trade bodies that had fallen by 25-30 per cent of sales this year as last year compared. Runaway inflation and lower sales of frozen salaries they blamed. However, traders accurate sales tax authorities on the possibility of action figures refrained from showing. , Tarid Road, one retailer said Mohammed Aslam, a large number of shoppers thronged the market, but they lacked the purchasing power due to rising prices. ID for a person who is purchasing buy 5-7 suits were suits now only 2-3. Clothes, shoes and gift items are worth out of the reach of customers. He as about 800 containers in 1050 compared to last year came this year added. Clothes imported goods, clothing, fake jewelry, shoes and toys who are demanding higher ahead of Eid included above. But during Ramazan, contrary to normal practice, the Karachi Stock Exchange share index has risen 100 per cent or 1329 points and 16.38 percentage points improvement in 9437 as renewed confidence 13-month high touched on foreign purchases. It was observed that the last week of Ramazan a large number gathered in the market. Stock KSE 30 - Index to jump 18.08pc or 1553 points to close at 10.146 points, 10,000 points mark good.

Pakistan at 85th among 183 economies

Berlin: Pakistan among world's 183 economies and 85 places on its neighbor India in South Asia in the category of poor ratings employees released for the year including the leading one is that the 2010 World Bank report on doing business. Investment boom in the country has seen since the economic slowdown of the world's major economic powers and killed Pakistan's position, even for doing business in South Asia to provide better environment. Pakistan also made it easier for businesses to start up service registration system on an average start. Report to start a business was continuing, including 10 indicators, dealing with construction permits, staff, property registration, credit is, protecting investors, paying taxes, trading across borders, contract enforcement and a business off. According to the report, Pakistan, South Asian level is improved, but statistics show that in the country to start a business in 2009, down 63 points 80-17 and the current government's credibility is the notorious corruption in the category went to for. Dealing with construction permits, Pakistan rose from 105-100 but no improvement made in the category of employees as the only place it was 146. 8 points and are also in progress, where its standing in relation to credit report saw investors has been taken to safeguard property taxes to pay for registered and are concerned about good sign. According to co-author of the business regulatory reform and trade in South Asia 2010 Report of the economy in an active year Daliha Khalifa, has taken his action still room for improvement though is speed. Between June 2008 to improve business regulation around the world in May 2009 of 131 records in 183 economies, 2010 for business: improvement through hard times, according to annual reports published by IFC and the World Bank's seventh in a series.

Celebrating Eid a dream for the poor

Karachi with hope in her eyes:, Shahida's son asks him when they go for Eid shopping as it is already late. Hardly a voice is heard and yellow face, mother, borrowing money from his friends and then they will be in the market for some shopping answer. Shahida, a maid in a government primary school 41, celebrating Eid says, is like a day dream for his family.

With tears in her eyes, she told me that her husband had recently died and she feeds her three school only Rs3, 000 a month with the children's income. It impossible for people like us to buy new clothes for our children to celebrate Eid S, we struggle for most of our time, the two spend a day to arrange a meal, he said. Every living below the poverty line in Pakistan before Eid the millions of people go through this test, they failed when their beloved children Eid provide bounties. Prof Dr Shahida Wizarat, Karachi University, former director of Applied Economic Research Center (AERC), told The News in Pakistan between rich and poor has been widening gap. Two decades have passed a row at the government level, but nothing concrete has been done to control rising poverty, he said that a surge in inflation is due to higher food and oil prices in the category of poorest of the poor Millions forced. He also said that Pakistan was in the poor poorer faster than the last two decades due to faulty Government poverty alleviation programs is happening. Elaborating on the economic problems of the poor, he said that these people with a serious problem that is increasing their number face. On the festival like Eid, do not refuse anything for the poor while others bliss, she can see. Government minimum wage of Rs6, 000 s and there is not enough evidence to suggest exploitation of the poor more Rs4, 000 are also not paid, the Government has the opposite directions.

To say the minimum wage when the poor more than Rs3, 000 and are often deprived of salaries after months of work. We are heading towards chaos and anarchy to speak, he said. , Sociology and crime, Kaneez Fatima Lecturer in the Department of Karachi University, told News that poverty alleviation has been government policy is not successful in the past few decades. Inflation, especially a surge in the last two years, has caused a serious economic problems as poor middle and upper class who mill with options usually stronger than the belt, he said. Consumed with their requirements and current consumption is poor, but with heavy borrowing their daily living expenses. Government has initiated various programs for poverty elevation, but as Benazir Income Support Program distributes all cash, a technique that has failed the poor in this country strong, he said. She shared the findings of its research in promotion of poverty, saying that poor cash management and the Government generally failed to achieve the end result is reduced. Between the poor and providing skills training to promote self-employment program should counter the threat of poverty, he said. World Bank, and 40 percent of Pakistan's earnings per S is a dollar a day, while 60 percent live under two dollars a day's income, it faces challenges at the level of our government appears. Food security is a big challenge for Pakistan now because the poor spend more than 70 percent of their income on food is, he said.