Business Recorder

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CGT on real estate

In its ongoing efforts to explore more venues for taxation so that Pakistan's tax-to-GDP ratio improves at its targeted rate, the government is considering expanding ... Read More

May 27, 2012Comments

Asia-Pacific economic integration

In a study prepared by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) for the regional commission in Bangkok last ... Read More

May 25, 2012Comments

Nato summit

On the face of it, the Pakistan-US stand-off over the question of reopening the Nato supply route persists. Neither the Nato summit's final communiqué nor ... Read More

May 23, 2012Comments

Pakistan

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Business & Economy

LPG, an alternative source of energy: Dr Asim

ISLAMABAD: Federal Minister for Petroleum and Natural Resources Dr Asim Hussain has said that Liquefied Petroleum Gas (LPG) is an alternative source of Compress Natural ... Read More

Sunday, 27 May 2012 Comments

Industries & Sectors

Karachi Commissioner to chair seminar on Tobacco Industry Interference

KARACHI: Commissioner of Karachi, Roshan Ali Shaikh will be presided a seminar, Tobacco Industry Interference, jointly organized by Pakistan Chest Society of Sindh and Chest ... Read More

Sunday, 27 May 2012 Comments

Banking & Finance

FBR identifies 119,970 salaried people yet to pay tax returns

KARACHI: The Federal Board of Revenue (FBR) has identified 119,870 people from the salaried class in the country who did not file their returns for ... Read More

Sunday, 27 May 2012 Comments

Automobile

Revenues are falling and are compensated by even bigger fall in expenditure to marginally shape up the deficit. Its a step towards fiscal consolidation. But ... Read More

May 25, 2012Comments

Oil and Gas

Tapi - still a long, long way to go

The long wait is finally over as the Gas Sales and Purchase Agreement (GSPA) has finally been inked between Pakistan and Turkmenistan on the much-hyped ... Read More

May 25, 2012Comments

Miscellaneous

 

Fiscal summary

Revenues are falling and are compensated by even bigger fall in expenditure to marginally shape up the deficit. Its a step towards fiscal consolidation. But ... Read More

May 25, 2012Comments

Business & Finance

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Industries & Sectors

Airtel says to roll out 3G in Rwanda in next quarter

NAIROBI: India's Bharti Airtel said on Sunday it would roll out 3G services in Rwanda in the next quarter and reiterated plans to invest $100 ... Read More

Sunday, 27 May 2012 Comments

Banking & Finance

Lessons from the Rock for Europe's banks

LONDON: In November 2010 rumours swirled through financial markets that Spanish bank BBVA was suffering a run on its deposits. The share price fell before ... Read More

Sunday, 27 May 2012 Comments

Managed Funds

Bahrain's GIB sets up 3.5 billion ringgit sukuk programme

DUBAI: Bahrain's Gulf International Bank has set up a 3.5 billion Malaysian ringgit ($1.11 billion) programme for potential sale of Islamic bonds, the company said ... Read More

Sunday, 27 May 2012 Comments

Markets

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FXMM

Yen-yuan direct trading to start June: reports

TOKYO: Japan and China are expected to start direct trading of their currencies as early as June as part of efforts to boost bilateral trade ... Read More

Saturday, 26 May 2012 Comments

Fixed Income

China to encourage private capital in banking industry

BEIJING: China will give private capital the same entry standards to the banking industry as other capital, state media said on Sunday, as the government ... Read More

Sunday, 27 May 2012 Comments

Commodities

SIIC looking to buy 100,000 T raw sugar: Egypt

ABU DHABI: Egypt's state-owned Sugar and Integrated Industries Company (SIIC) said on Sunday it was looking to buy 100,000 tonnes of raw sugar in a ... Read More

Sunday, 27 May 2012 Comments

Sports

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Cricket

 

Run-hungry Strauss keen to press on

NOTTINGHAM: England captain Andrew Strauss was determined to post an even bigger score after his unbeaten century saw the hosts reduce West Indies' first innings ... Read More

Saturday, 26 May 2012 Comments

Other Sports

 

Lin Dan propels China to Thomas Cup title

WUHAN: Superstar Lin Dan led hosts China to an emphatic victory over South Korea in the Thomas Cup final on Sunday, sending a stark message ... Read More

Sunday, 27 May 2012 Comments

Picture of the day

KUWAIT CITY: Birds fly past a man walking in Kuwait City during a heavy dust storm. -AFP

News in Pictures


Source: KSE

Energy Challenges Review

China Wholesale

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On the Record

Asad Umar is former CEO and president of Engro Corporation

Asad Umar is former CEO and president of Engro Corporation

BR Research: First of all, tell us what did motivate you to step out as chief executive and president of Engro Corporation and join politics? 

Asad Umar: At Engro there is a very strong sense of mission and a very strong connection with the people; not just with our team and ... More...

ArrowEuro 1.2517
ArrowSterling 1.5666
ArrowSwiss Franc 0.9596
ArrowYen 79.6900
ArrowGold 1571.200
ArrowCotton 73.620
ArrowOil 90.860
IndexClosingChg%
ArrowDJIA 12,454.83 0.60
ArrowNasdaq 2,837.53 0.07
ArrowS&P 1,317.82 0.22
ArrowFTSE 5,351.53 0.03
ArrowDAX 6,339.94 0.38
ArrowCAC-40 3,047.94 0.32
ArrowNikkei 8,580.39 0.20
ArrowH.Seng 18,713.41 0.25
ArrowSensex 16,217.82 0.03

The Rupee

Interbank closing rates for dollar on Saturday.
BuyingRs 93.10
SellingRs 93.40
Slight change in open market

Budget 2011-12

Annual2010/11
Foreign Debt $59.53bn
Per Cap Income $1254
GDP Growth 2.4%
Average CPI 14.10%
MonthlyApril
Trade Balance $-1.517 bln
Exports $2.240 bln
Imports $3.757 bln
WeeklyMay 24, 2012
Reserves $16.311 bln
ArrowBRIndex-30 10,262.98
ArrowKSE-30 Index 12,090.20
ArrowKSE-100 Index 13,925.06
ArrowLSE-25 Index 3,553.89
ArrowISE-10 Index 2,805.64
ArrowGold Per 10gm 47,400.00
ArrowKCA Spot Rate 5,600.00
ArrowLibor Rate 0.73640

Press Release

Globus, UK Trade & Investment hold First UK Investment Conference in Karachi

2012-05-24 09:14:56
KARACHI: The 1st UK Investment Conference was held today at the Marriott Hotel, Karachi. The conference was organised by events management company, Globus in support with ...

BR Events

Effective Measure hosts dinner with Pakistan’s digital marketing community

  KARACHI: Effective Measure hosted a small networking dinner on May 14, with stakeholders from the digital advertising space in Pakistan. Hosted at the prestigious Sheraton Hotel & Towers in Karachi, the objective ... Read More

2012-05-21 08:09:28 Comments

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