Business Recorder

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How does Pakistan's economy fare in region?

In a Business Recorder exclusive the Finance Division, while briefing the Economic Co-ordination Committee of the Cabinet headed by the Finance Minister Dr Hafeez Sheikh, ... Read More

February 05, 2012Comments

 

What is democracy?

During one of his recent speeches from the floor of the National Assembly Prime Minister Gilani had made an impassioned appeal to fellow legislators to ... Read More

February 03, 2012Comments

 

World economy

Pessimism about the prospects of the world economy is growing. In its latest outlook for global growth, the International Monetary Fund (IMF) has warned that ... Read More

February 01, 2012Comments

Pakistan

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Business & Economy

 

Cotton arrival up by 22.61pc to 13.615 million bales

KARACHI: Cotton production in the country has recorded a significant increase of 22.61 percent to more than 13.615 million bales till January 31, 2012, despite ... Read More

Saturday, 4 February 2012 Comments

Industries & Sectors

 

Call to exempt textile sector from loadshedding

LAHORE: Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and Lahore Chamber of Commerce and Industry Saturday demanded exemption of textile sector from loadshedding ... Read More

Saturday, 4 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

 

IMF chief hails Saudi role in supporting global economy

RIYADH: Saudi Arabia has played an "important role" in stabilising the oil market and supporting the global economy, International Monetary Fund chief Christine ... Read More

Saturday, 4 February 2012 Comments

North America

 

Obama says Assad should step down, civilians 'murdered'

WASHINGTON: President Barack Obama on Saturday accused Syrian President Bashar al-Assad's government of murdering civilians in an "unspeakable assault" in the city of Homs, and ... Read More

Saturday, 4 February 2012 Comments

South America

 

Brazil cabinet resignations are tip of a graft iceberg

BRASILIA: The resignations of seven Brazilian cabinet ministers over corruption charges since President Dilma Rousseff took office is the tip of an endemic problem which ... Read More

Saturday, 4 February 2012 Comments

Miscellaneous

 

Mobile spectrum auction: avoid the controversy, please!

The Indian Supreme Court ruling of February 2 - which canceled 122 telecom licenses issued in 2008, on grounds of under-pricing and alleged corruption - ... Read More

February 05, 2012Comments

Banking

 

A round-up on mutual funds

Despite interest rate volatility, political uncertainty and turbulent equity market, the mutual funds industry registered 16 percent growth, in terms of net assets in 1HFY12. ... Read More

February 05, 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

Business & Finance

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Industries & Sectors

 

Kazakhstan's 2011 uranium output up 9 pct at 19,450 tonnes

ALMATY: Kazakhstan boosted uranium output by about 9 percent to 19,450 tonnes in 2011, consolidating its position as the world's largest producer of the metal ... Read More

Friday, 3 February 2012 Comments

Banking & Finance

 

Indian bank to ‘name and shame’ defaulters

MUMBAI: The State Bank of India , the country's biggest lender, will name and shame "wilful" defaulters and put their pictures in newspapers to get ... Read More

Saturday, 4 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

 

Ton-up Younis helps Pakistan thwart England

DUBAI: Experienced batsman Younis Khan proved his class with a superb hundred to put Pakistan in a good position on the second day of the ... Read More

Saturday, 4 February 2012 Comments

Other Sports

 

Czech titleholders go 2-0 against hosts Germany

STUTTGART: Germany lost both their opening Fed Cup single rubbers to defending champions the Czech Republic on Saturday as world number two Petra Kvitova ensured ... Read More

Saturday, 4 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

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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 Saturday.
BuyingRs 90.40
SellingRs 90.45
Rates keep coming down

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

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

Apna Arsh Pakistan launches AgriBusiness Development Forum Pakistan at LUMS

 

Apna Arsh Pakistan-Center for Sustainable Development (AAP-CSDA), a citizen sector organization, with an emphasis on grassroots to policy level activities and advocacy, recently launched their AgriBusiness Development Forum (ABDF) Pakistan, ... Read More

2012-02-04 11:21:27 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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