Business Recorder

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Indictment of Gilani

Prime Minister Gilani is now confronted with the Hobson's choice: no real choice at all - the only options being to either write a letter ... Read More

February 04, 2012Comments

 

FBR Vigilance Wing's wings clipped

A Business Recorder exclusive reveals a disturbing though by no means surprising fact: the Federal Board of Revenue (FBR) is no longer obtaining clearance from ... Read More

February 02, 2012Comments

 

Anti-Musharraf resolution

The Senate put paid to General Pervez Musharraf's plans to return to the political arena when it passed a unanimous resolution that calls for his ... Read More

January 30, 2012Comments

Pakistan

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Industries & Sectors

 

Bilour seeks PM's help to tackle Railways issues

LAHORE: Railways Minister Haji Ghulam Ahmad Bilour on Friday appealed to the Prime Minister to help tackle the crisis of railways. Addressing an inauguration ceremony of ... Read More

Friday, 3 February 2012 Comments

Banking & Finance

 

National Savings portfolio doubles to Rs2000bn

ISLAMABAD: The investment portfolio of Central Directorate of National Savings (CDNS) has doubled to Rs2,000 billion during past four year, Director General of the organization ... Read More

Friday, 3 February 2012 Comments

World

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Global Business & Economy

 

US jobless rate falls to 8.3pc as jobs surge

WASHINGTON: US businesses cranked up hiring in January in a burst of job growth that pulled the US unemployment rate down to 8.3 percent, nearly ... Read More

Friday, 3 February 2012 Comments

North America

 

F-35 problems force US to upgrade old fighter jets

WASHINGTON: The US Air Force plans to spend $2.8 billion to keep old combat aircraft in the air because of major delays with the new ... Read More

Friday, 3 February 2012 Comments

South America

 

Brazil's Embraer presents jet to envoy Jackie Chan

SAO JOSE DOS CAMPOS: Brazil's leading planemaker Embraer is eyeing the large Chinese market, and on Friday presented a Legacy 650 executive jet to martial ... Read More

Friday, 3 February 2012 Comments

Miscellaneous

 

Demystifying the illegal economy in Pakistan

Pakistan is located on a geographical fault line, and some of the countrys socio-economic ailments have geopolitical underpinnings. A by-product of territorial hostilities is a ... Read More

February 03, 2012Comments

Oil and Gas

 

Pakistan Oilfields Limited

Pakistan Oilfields Limited (POL) announced its 1HFY12 financial results, which are below the market consensus estimates. The E&P Company was expected to post impressive profit ... Read More

February 03, 2012Comments

Industry

 

Lucky Cement: celebratory results

In line with the expectations of market analysts, Luckys performance in 1HFY12 was stellar. With the volume of export sales having dwindled 8 percent year ... Read More

January 31, 2012Comments

Business & Finance

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Industries & Sectors

 

Micron CEO dies in plane crash

WASHINGTON: Micron Technology's chairman and chief executive Steve Appleton died in a small-plane crash early Friday, the company said. Appleton, 51, head of the mid-sized chipmaker, ... Read More

Friday, 3 February 2012 Comments

Banking & Finance

 

Russia central bank holds rates

MOSCOW: Russia's central bank held interest rates on Friday and signalled a steady hand in the months ahead as it weighs risks to inflation ... Read More

Friday, 3 February 2012 Comments

Managed Funds

 

Interbank lending rates dip again on ECB Dec injection

NEW YORK: Interbank lending rates fell on Thursday as the ECB's injection of almost half a trillion euros in 3-year loans in December and the ... Read More

Thursday, 2 February 2012 Comments

Markets

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FXMM

 

C$ sails to 3-month high on U.S. jobs data

TORONTO: The Canadian dollar bounced to its strongest level in just over three months on Friday as a surge in US job creation boosted investor ... Read More

Friday, 3 February 2012 Comments

Fixed Income

 

Spanish yields edge up before bond auctions

LONDON: Spanish yields nudged higher on Thursday before Spanish and French debt sales which were nonetheless expected to go well while signs a Greek debt ... Read More

Thursday, 2 February 2012 Comments

Commodities

 

Gold falls 1pc on jobs, posts small weekly loss

NEW YORK/LONDON: Gold fell 1 percent on Friday, its biggest one-day loss in over a month, after encouraging US payrolls data smashed hopes of extra ... Read More

Friday, 3 February 2012 Comments

Sports

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Cricket

 

PCB chairman wants Aamer back after serving ban

DUBAI: Cricket chief Zaka Ashraf Friday backed the return of spot-fixing convict Mohammad Aamer after he serves his five-year ban, saying he was a talented ... Read More

Friday, 3 February 2012 Comments

Other Sports

 

ATP Montpellier results

MONTPELLIER: Collated results from the fifth day of the ATP tournament here on Friday (x denotes seeding): Quarter-finals Gilles Simon (FRA x2) bt Guillaume Rufin (FRA) 7-6 ... Read More

Friday, 3 February 2012 Comments

Picture of the day

News in Pictures


Source: KSE

Source: KSE

Source: KSE

Source: KSE

China Wholesale

brindex
9098.8   Arrow 29.37
+

Brief Recordings

Banking Review 2011

Letter to Editor

2011 Retro

Press Release

feedback

Binary Trading

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The Wall

ArrowEuro 1.3158
ArrowSterling 1.5815
ArrowSwiss Franc 0.9182
ArrowYen 76.6015
ArrowGold 1740.300
ArrowCotton 96.340
ArrowOil 97.840
Index Closing Chg%
Arrow DJIA 12,862.20 1.23
Arrow Nasdaq 2,905.66 1.61
Arrow S&P 1,344.90 1.46
Arrow FTSE 5,901.07 1.81
Arrow DAX 6,766.67 1.67
Arrow CAC-40 3,427.92 1.52
Arrow Nikkei 8,831.93 0.51
Arrow H.Seng 20,757.00 0.08
Arrow Sensex 17,605.00 0.99

The Rupee

Interbank closing rates for dollar on Friday.
BuyingRs 90.40
SellingRs 90.45
All-round decline

Annual2010/11
Foreign Debt $59.53bn
Per Cap Income $1254
GDP Growth 2.4%
Average CPI 14.10%
MonthlyDecember
Trade Balance $-2.41 bln
Exports $1.85 bln
Imports $1.26 bln
WeeklyJanuary 26, 2012
Reserves $16.802 bln
ArrowBRIndex-30 9,104.17
ArrowKSE-30 Index 11,258.08
ArrowKSE-100 Index 11,982.62
ArrowLSE-25 Index 3,122.96
ArrowISE-10 Index 2,627.71
ArrowGold Per 10gm 50,914.00
ArrowKCA Spot Rate 5,700.00
ArrowLibor Rate 0.76850

Press Release

Apna Arsh Pakistan to hold AgriBusiness Development Forum at LUMS

 

2012-01-30 14:36:32
KARACHI: Apna Arsh Pakistan-Center for Sustainable Development (AAP-CSDA), a citizen sector organization partnership, are proud to bring to Pakistan the pioneering AgriBusiness Development Forum (ABDF). ...

BR Events

New brand in fabrics 'Bashir Ahmed' to be launched soon

 

KARACHI: A new brand in fabrics is ready to take off in Pakistan. In this connection a prestigious ceremony was held at a local hotel in Karachi. Parliamentarians, eminent citizens, prominent ... Read More

2012-01-30 14:59:17 Comments

Poll

It was discussed in Davos that Western capitalism has failed while the Chinese model is more successful. Should the West adopt it?
 
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