Friday March 19, 2010 
Back Issues [From 2004-01-01]
 
 Top Stories
 Business & Economy
 Stocks & Bonds
 General News
 Editorials
 Articles & Letters
 Cotton & Textiles
 Agriculture & Allied
 Fuel & Energy
 Money & Banking
 Telecommunication
 IT & Computers
 Taxation
 Company News
 Rates & Schedules
 Sports
 Weather
    BR-Special
 BR Research
 Budgets & SROs
 Statistics
 Documents
 Yarn Prices
 Cotton Analysis
 Tenders & Inquiries
 Brief Recordings
 Supplements
 Weekend
 Week at a Glance
 The Buzz Recorder
    BR-Services
 BR Group
 Reader Comments
 Search Archive
 Currency Converter
 Tell a Friend
 Help
    BR-Search
 


 Editorials[1-3 of 3 stories]  

VAT law - fait accompli
EDITORIAL (March 19, 2010): The Senate Standing Committee on Finance was informed by the Federal Board of Revenue (FBR) that the imposition of the broad-based value added tax, scheduled to be imposed at the start of the fiscal year 2010-2011 as per Pakistan's commitment to the International Monetary Fund (IMF) as an integral component of the Fund programme, would imply the withdrawal of all the Board's discretionary powers with respect to the grant of exemptions to any sector or product.



Federal secretaries meeting at the GHQ
EDITORIAL (March 19, 2010): A report tells of COAS Kayani having presided over a meeting of five federal secretaries at the GHQ. The meeting was apparently related to the forthcoming US-Pakistan strategic dialogue and the deliberations would have been important.



Gilani's 'biggest mistake'
EDITORIAL (March 19, 2010): Prime Minister Yousuf Raza Gilani says that his biggest mistake was not having restored the judiciary in the very beginning of his term. But Prime Minister Gilani has no reason to feel guilty, because in this drama he was more of a spectator than an actor on stage.



Increase in PSDP
EDITORIAL (March 18, 2010): The Prime Minister, while on a visit to the Planning Commission, which he committed to undertaking on a quarterly basis, stated that he had directed the Ministry of Finance to release 300 billion rupees for the Public Sector Development Programme (PSDP) within the current fiscal year.



Resurgence of terrorist attacks
EDITORIAL (March 18, 2010): After a relative lull in terrorist activity inside the major cities of the country during the last two months, there is suddenly an outburst of suicide attacks in the country. In the latest event of the series, two suicide bombers struck R.A. Bazaar area in Lahore cantonment on Friday turning it into a killing field.



Guns for hire
EDITORIAL (March 18, 2010): Americans leave nothing to chance when they fight their enemies, or so it seems. If required - and that is not once in a blue moon, but a regular practice - they use napalm bombs and hellfire missiles to attack and destroy their enemies, and in the process, very often, take lives of innocent non-combatant civilians. And as they openly rain fire, they send in hired assassins to take care of their adversaries' leadership.



Shahbaz's common cause with Taliban
EDITORIAL (March 17, 2010): What Punjab Chief Minister Shahbaz Sharif said on Sunday does not behove a politician aspiring to be a national leader. Pointing out what he considered to be a common cause between the Taliban and his own party, he said both had opposed Musharraf. And since the party is in the driving seat in Punjab, the Taliban should desist from targeting the province.



Power sector allocation
EDITORIAL (March 17, 2010): During the first ten months of the current fiscal year, the federal government was able to release only 38 percent of its budgetary commitment to the Water and Power Development Authority (Wapda) for power projects.



Promoting consumer rights
EDITORIAL (March 17, 2010): Monday was the World Consumer Rights Day; its theme for this year, "Our Money, Our Rights". Except for some small NGO generated activity the day passed quietly. The newspapers did not carry special supplements nor did the government ministers address special meetings to mark the day, as is customary on so many other occasions.



Remittances: ADB proposal needs critical examination
EDITORIAL (March 16, 2010): The government and the State Bank of Pakistan have been taking a number of measures to increase the flow of home remittances in the country through banking channels. This is deemed necessary to improve the balance of payments of the country and discourage the use of informal channels for the purpose. Thankfully, such efforts have yielded handsome gains in the form of a substantial rise in home remittances in the recent period.


  

Google
 
Today's Print Edition Advertisers
PageAdvertiserAd Caption
1Aaj News3 Siyanay
1Universal BrothersUmrah
1Energy Solutions (Pvt) LimitedGenerators
2United Bank LimitedAttention Customers
2OGDCLTender Notice
3Kite Development & Management CompanyPre qualification of Contractor
3Nishat Mills LimitedSale of Genbacher Engines
3Lekson Investment LimitedBook Closure
3Aaj ChannelAaj Programme
5Uniliver Pakistan LimitedNotice of Meeting
5WAPDAInvitation to Bidders
5Trading Corporation of Pakistan LimitedCorrigendum
5Suraj Cotton Mills LimitedElection of Directors
5Kohonoor Mills LimitedElection of Directors
10ECU Line Pakistan (Pvt) LimitedShipping & International Transports
10Grace Corporation (Pvt) LimitedEnka Tecnica
11Business Recorderwww.brecorder.com/epaper
20KHI StocksStocks Analysis
20Greaves Pakistan (Pvt) LimitedGenerators

The Rupee
Interbank closing rates for dollar on Thursday.
BuyingRs 84.28
SellingRs 84.32
Dollar inches up
8517.67  39.11
Sectoral Indices 
Market at Close
BRIndex-30 8,512.03
KSE-30 Index 10,313.27
KSE-100 Index 10,000.93
LSE-25 Index 3,147.35
ISE-10 Index 2,456.01
Gold Per 10gm 30,642.00
KCA Spot Rate 5,450.00
Libor Rate 0.40766
World Indices
Index Closing Chg%
DJIA 10,779.17 0.42
Nasdaq 2,391.28 0.09
S&P 1,165.83 0.03
FTSE 5,642.62 0.04
DAX 6,012.31 0.20
CAC-40 3,938.18 0.50
Nikkei 10,824.72 0.75
H.Seng 21,370.82 0.19
Sensex 17,578.23 0.34
NY Closing
Euro 0.7348
Sterling 0.6556
Swiss Franc 1.0574
Yen 90.466
Gold 1126.20
Cotton 82.210
Oil 82.13
Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyFebruary
Trade Balance $-964 bln
Exports $1.53 bln
Imports $2.50 bln
WeeklyMarch 18, 2010
Reserves $14.85 bln
 











Google


Karachi Head Office
Recorder House, 531 Business Recorder Road , Karachi-74550 Pakistan
Phone: 225-0311, 225-0071/5 (five lines) Fax: 222-8644

Aaj TV   |    Aaj TV Urdu   |    Stock News
© Copyright Business Recorder