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Top News

Unnecessary talk of attack on Iran

Commenting on the Iranian nuclear programme at an Israeli Bar Association meeting the other day, US Ambassador Dan Shapiro said that Washington hoped it will ... Read More

May 21, 2012Comments

Energy crisis remains unresolved

Unfortunately, however, meetings on energy crisis that were chaired by the President and the Prime Minister in recent days have remained inconclusive. It is increasingly ... Read More

May 19, 2012Comments

Poles apart

National Assembly Speaker Dr Fehmida Mirza has taken some wind out of the sails of those who believe she would help neuter the Supreme Court ... Read More

May 17, 2012Comments

Pakistan

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Business & Economy

Engineering exports surge 27.5pc

ISLAMABAD: The exports of engineering goods from the country to top fifteen importing countries surged by 27.50 percent during the first half of the current ... Read More

Monday, 21 May 2012 Comments

Industries & Sectors

Shipping activity at Port Qasim

KARACHI: Shipping activity remained active at the Port Qasim during last 24 hours, where one ship carrying container was allotted berth at Qasim International Container ... Read More

Monday, 21 May 2012 Comments

Banking & Finance

SBP injects Rs 27.450bn

KARACHI: State Bank of Pakistan in its reverse repo open market operation in treasury bills and Pakistan Investment Bonds has injected Rs 27.450 billion in ... Read More

Monday, 21 May 2012 Comments

Miscellaneous

Its widening, its the current account deficit

After a momentary surplus was seen in March FY12, the current account balance went back to the deficits in April this year. With the 10-month ... Read More

May 21, 2012Comments

Oil and Gas

UFG - a crushing realty for the gas distribution companies

Internationally there are mostly two reasons for Unaccounted-For-Gas (UFG) losses: leakages in the system and measurement errors. Unluckily, in Pakistan there is another reason that ... Read More

May 21, 2012Comments

Fertilizer

Fertiliser sector needs the gas most

The inevitable happened last week as the leading fertiliser manufacturer, Fauji Fertilizer Company (FFC) announced a reduction of Rs.140 per bag in urea prices. It ... Read More

May 14, 2012Comments

Business & Finance

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Industries & Sectors

Air France-KLM to cut 5,000 jobs: report

PARIS: Air France-KLM, the struggling Franco-Dutch airline group, is looking to cut 5,000 jobs over three years, with about half through voluntary payoffs, French daily ... Read More

Monday, 21 May 2012 Comments

Banking & Finance

Spain denies need for external bank aid

MADRID: Spain denied on Monday it needs any foreign help for its banks, which are staggering under the mass of loans that turned sour after ... Read More

Monday, 21 May 2012 Comments

Managed Funds

JGB prices slip as investors take profits; Europe eyed

TOKYO, May 21 (Reuters) - Japanese government bond prices fell on Monday, as investors took profits following the benchmark yield's drop last week to its ... Read More

Monday, 21 May 2012 Comments

Markets

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FXMM

Euro steady in Asian trade after G8 summit

TOKYO: The euro inched higher in Asia on Monday, after hitting four-month lows against the dollar in New York as traders pushed down the currency ... Read More

Monday, 21 May 2012 Comments

Fixed Income

Bunds dip on profit taking; Greek worries support

LONDON: German government bond futures opened slightly lower on Monday as investors took profits from Friday's rally to new highs but uncertainty over Greece's future ... Read More

Monday, 21 May 2012 Comments

Commodities

Gold gains on steady euro; Europe concerns stay

SINGAPORE; Gold inched up on Monday to extend last week's rise, tracking a steady euro after world leaders pledged to combat financial turmoil, although worries ... Read More

Monday, 21 May 2012 Comments

Sports

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Cricket

IPL set for exciting finale

NEW DELHI: The Indian Premier League heads for a thrilling climax this week when the play-offs take place to determine the champions of this season's ... Read More

Monday, 21 May 2012 Comments

Other Sports

NSW look to end six seasons of Origin torment

SYDNEY: New South Wales set out to end Queensland's record six straight State of Origin series in the opening match of Australian rugby league's showpiece ... Read More

Monday, 21 May 2012 Comments


Source: KSE

Energy Challenges Review

China Wholesale

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10128.42   Arrow 4.35
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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 1.2782
ArrowSterling 1.5818
ArrowSwiss Franc 0.9398
ArrowYen 79.0200
ArrowGold 1591.900
ArrowCotton 77.990
ArrowOil 91.480
Index Closing Chg%
Arrow DJIA 12,369.38 0.59
Arrow Nasdaq 2,778.79 1.24
Arrow S&P 1,295.22 0.74
Arrow FTSE 5,267.62 1.33
Arrow DAX 6,271.22 0.60
Arrow CAC-40 3,008.00 0.13
Arrow Nikkei 8,611.31 2.99
Arrow H.Seng 18,951.85 1.30
Arrow Sensex 16,152.75 0.51

The Rupee

Interbank closing rates for dollar on Saturday.
BuyingRs 92.00
SellingRs 92.30
Dollar crosses 92 in open market

Budget 2011-12

Annual2010/11
Foreign Debt $59.53bn
Per Cap Income $1254
GDP Growth 2.4%
Average CPI 14.10%
MonthlyMarch
Trade Balance $-1.496 bln
Exports $1.85 bln
Imports $1.26 bln
WeeklyMay 17, 2012
Reserves $16.103 bln
ArrowBRIndex-30 10,124.07
ArrowKSE-30 Index 11,980.80
ArrowKSE-100 Index 13,857.78
ArrowLSE-25 Index 3,527.89
ArrowISE-10 Index 2,752.87
ArrowGold Per 10gm 47,571.00
ArrowKCA Spot Rate 5,900.00
ArrowLibor Rate 0.73640

Press Release

Launch of national agribusiness forum, Pakistan

2012-05-21 10:01:25
KARACHI: Agribusiness Support Fund (ASF) under the USAID’s Agribusiness Project (UAP) recently held a consultative Acclimatization Talk event in Islamabad, as they launched Pakistan’s first ...

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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