Business Recorder

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Fiscal federalism

The provincial governments have complained about the failure of the federal government to abide by the 7th National Finance Commission (NFC) award by deducting 2 ... Read More

January 28, 2012Comments

 

'Mysterious' killings

Abdul Saboor, a 29-year-old civilian facing trial in a military court on charges of attacking the GHQ and ISI Hamza Camp, has died under mysterious ... Read More

January 26, 2012Comments

 

Another dictator falls?

One of the Arab world's most durable dictators, President Ali Abdullah Saleh of Yemen, flew out of Sanaa Sunday on way to the United States, ... Read More

January 24, 2012Comments

Pakistan

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Business & Economy

 

Around 55pc South Asian trade potentials not exploited

LAHORE: Around 55 per cent of the total potential for intra-regional trade in South Asia has not been fully exploited. Briefing traders on Saturday on his ... Read More

Saturday, 28 January 2012 Comments

Industries & Sectors

 

Shipping activity at Port Qasim

KARACHI: Two ships arrived at Port Qasim on Friday January 27 carrying palm oil at LCT, Rice at FAP. Berth occupancy was maintained at 50 percent ... Read More

Saturday, 28 January 2012 Comments

Banking & Finance

 

PSIC disbursed Rs 400m interest free loan

LAHORE: Lahore Regional Directorate of Punjab Small Industries Corporation (PSIC) has disbursed rupees 400 million interest free loan among unemployed skilled and semi-skilled youths. Regional Director,Ali ... Read More

Saturday, 28 January 2012 Comments

World

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Global Business & Economy

 

US union membership slipped further

CHICAGO: The percentage of US workers represented by a union dipped slightly in 2011, the Bureau of Labor Statistics said on Friday, as organized labour ... Read More

Saturday, 28 January 2012 Comments

North America

 

Republican senator wants Keystone XL bill

WASHINGTON: US Republican Senator John Hoeven is set to introduce legislation on Monday seeking to bypass President Barack Obama and empower Congress to approve the ... Read More

Saturday, 28 January 2012 Comments

South America

 

Chavez wants good relations with US if Obama elected

CARACAS: Venezuelan President Hugo Chavez said Friday he wants to "shake hands" with his US counterpart, Barack Obama, and have "good relations" with Washington if ... Read More

Saturday, 28 January 2012 Comments

Banking

 

T-bill auction hints further rate cut

Investors actions are a better determinant of their expectations than words. The market behavior in the latest Treasury bill auction, held two days back, noticeably ... Read More

January 27, 2012Comments

Fertilizer

 

FFBL rides on high margins

Fauji Fertilizer Bin Qasim (FFBL) registered its highest ever yearly profits, crossing Rs.10 billion for CY11. The financial result was slightly above the market estimates, ... Read More

January 27, 2012Comments

Miscellaneous

 

Of Kinnow exports

How difficult is it to sell an orange to Iran, a country that is literally across the border from Pakistan? Well, given the current international ... Read More

January 27, 2012Comments

Business & Finance

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Industries & Sectors

 

Carnival Corp's Arison at courtside for Heat game

MIAMI: Carnival Corp Chairman and Chief Executive Micky Arison on Friday made what was believed to be his first public appearance since an ocean liner ... Read More

Saturday, 28 January 2012 Comments

Banking & Finance

 

Peru records fiscal surplus in 2011

LIMA: Peru recorded a fiscal surplus of 7.99 million soles ($2.99 million) in 2011 compared with a fiscal deficit of 2.21 million soles ($820,513) in ... Read More

Saturday, 28 January 2012 Comments

Managed Funds

 

10-year yields steady ahead of US GDP

TOKYO: The yield on the benchmark US Treasury note was steady in Asia on Friday, while the yield on five-year paper was slightly above a ... Read More

Friday, 27 January 2012 Comments

Markets

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FXMM

 

C$ closes stronger, near US$ parity on Fed, Greece

TORONTO: Canada's dollar firmed against the greenback on Friday and was up more than 1 percent for the week on the back of the US ... Read More

Saturday, 28 January 2012 Comments

Fixed Income

 

Zain Saudi Arabia to extend $2.6bn facility

JEDDAH: Zain Saudi Arabia said it has approval to extend the maturity of its 9.75 billion riyal ($2.6 billion) Islamic financing facility for an additional ... Read More

Saturday, 28 January 2012 Comments

Commodities

 

Silver breaches 100-day average, aims higher

NEW YORK: Spot silver prices may extend their rally to $36 an ounce after three days of gains pushed prices up nearly $2 per ounce, ... Read More

Saturday, 28 January 2012 Comments

Sports

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Cricket

 

England need 145 to win second Test

ABU DHABI: England were left to chase a 145-run target for a series-levelling win in the second Test after Pakistan were bowled out for 214 ... Read More

Saturday, 28 January 2012 Comments

Other Sports

 

Azarenka wins first set in women's final

MELBOURNE: Victoria Azarenka won the first set 6-3 against Maria Sharapova in the Australian Open women's final on Saturday.   The Belarusian third seed is in her ... Read More

Saturday, 28 January 2012 Comments

Picture of the day

News in Pictures


Source: KSE

Source: KSE

Source: KSE

Source: KSE

China Wholesale

brindex
9127.28   Arrow 110.24
+

Brief Recordings

Banking Review 2011

Letter to Editor

2011 Retro

Press Release

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The Wall

ArrowEuro 1.3220
ArrowSterling 1.5735
ArrowSwiss Franc 0.9128
ArrowYen 76.7000
ArrowGold 1741.000
ArrowCotton 95.610
ArrowOil 99.730
Index Closing Chg%
Arrow DJIA 12,660.50 0.58
Arrow Nasdaq 2,816.55 0.40
Arrow S&P 1,316.33 0.16
Arrow FTSE 5,733.45 1.07
Arrow DAX 6,511.98 0.43
Arrow CAC-40 3,318.76 1.32
Arrow Nikkei 8,841.22 0.09
Arrow H.Seng 20,501.70 0.31
Arrow Sensex 17,234.00 0.92

The Rupee

Interbank closing rates for dollar on Friday.
BuyingRs 90.22
SellingRs 90.26
Divergent trends

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 9,138.57
ArrowKSE-30 Index 11,216.56
ArrowKSE-100 Index 11,960.22
ArrowLSE-25 Index 3,142.41
ArrowISE-10 Index 2,646.17
ArrowGold Per 10gm 49,628.00
ArrowKCA Spot Rate 5,800.00
ArrowLibor Rate 0.78525

Press Release

Ethiopian Airlines refutes ET 409 crash report

 

2012-01-20 13:04:36
ADDIS ABABA: Ethiopian Airlines strongly refutes the final investigation report released today by the Lebanese Ministry of Public Works and Transport on the accident of ...

BR Events

Art Moments - An evening of conversation with Meher Afroz

 

KARACHI: Among Pakistan’s most acclaimed artists, Meher Afroz, shares how memory, tradition, and history have influenced her art practice. She also discusses how art history can help an artist understand local ... Read More

2012-01-27 10:12:49 Comments

Poll

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