Business Recorder

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Assisting SME sector

To highlight the impact of Small and Medium Enterprises (SMEs) on the economy and the urgent need to remove impediments in the rapid progress of ... Read More

January 29, 2012Comments

 

Verbosity versus credibility

Complying with the army leadership's demand Prime Minister Gilani has clarified his media comment on the legality of the replies sent to the Supreme Court ... Read More

January 27, 2012Comments

 

Rejection of US report by the GHQ

Having given the United States investigation report on the Salala checkpost attack due thought, the General Headquarters (GHQ) has rejected it as it finds it ... Read More

January 25, 2012Comments

Pakistan

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Business & Economy

 

Inflation likely to fall to 12pc

RECORDER REPORT KARACHI: Food inflation has receded significantly and is the major contributor towards the slowdown in CPI inflation, SBP said in its first quarterly report. ... Read More

Sunday, 29 January 2012 Comments

Industries & Sectors

 

Shipping activity at Port Qasim

KARACHI: One ship arrived at port Qasim on Saturday January 28, carrying containers at QICT, Port sources said here Sunday. Berth occupancy was managed at the ... Read More

Sunday, 29 January 2012 Comments

Banking & Finance

 

Revenue collection linked with CSF, sale of 3G licences

RECCORDER REPORT KARACHI: The State Bank of Pakistan has said that achievement of revenue targets depends on realization of CSF and sale of 3G licences. The ... Read More

Sunday, 29 January 2012 Comments

World

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Global Business & Economy

 

India still foreign investment hot spot

MUMBAI: Foreign direct investment in India is set to swell in coming years as investor’s stomach a lack of transparency, poor infrastructure and policy paralysis ... Read More

Sunday, 29 January 2012 Comments

North America

 

Romney widens lead in Florida Republican primary race: poll

WASHINGTON: US presidential candidate Mitt Romney has widened his lead over rival Newt Gingrich to 11 points in Florida, with just three days remaining before ... Read More

Sunday, 29 January 2012 Comments

South America

 

Brazil drug kingpin arrested

RIO DE JANEIRO: Police have arrested a suspected drug kingpin blamed for the downing of a police helicopter in Rio de Janeiro in ... 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

 

SAS to take 1.7bn SEK writedown on Spanair

STOCKHOLM: Scandinavian airline SAS said it would take a writedown of 1.7 billion crowns ($250.50 million) related to its holding in Spaniar, which ceased operations ... 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

 

MAF plans to issue 5-yr Islamic bond: UAE

DUBAI: Dubai Majid Al Futtaim plans to issue a five-year dollar-denominated Islamic bond, or sukuk, with early profit rate indications at no more than 6 ... Read More

Sunday, 29 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

 

Afridi bids to get cricket back to Pakistan

KARACHI: Flamboyant all-rounder Shahid Afridi Saturday said he was trying to bring international cricket back to Pakistan and a number of foreign stars have shown ... Read More

Saturday, 28 January 2012 Comments

Other Sports

 

Huh's sharp learning curve continues at Torrey Pines

SAN DIEGO: John Huh carved out another memorable chapter in his whirlwind introduction to the PGA Tour when he surged into contention for the Farmers ... Read More

Sunday, 29 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

feedback

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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 Saturday.
BuyingRs 90.20
SellingRs 90.40
Dollar a bit low

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 50,057.00
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

Do you agree with Barrister Aitzaz Ahsan's legal stand in contempt of court case?
 
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