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Archive - 2010-12-21
RGST: Plan B
BR Research

RGST: Plan B

Its started buzzing again. As the deadline nears for the implementation of RGST, the politics of taxation has dominated airtime and the head
Published 21 Dec, 2010 12:00am
Mortal mortgages
BR Research

Mortal mortgages

Its one of the biggest dreams of residents in the West to be able to pay off their mortgage payments comfortably. But such a facility is sti
Published 21 Dec, 2010 12:00am
Weighing up Wens promises
BR Research

Weighing up Wens promises

All hats off to Pakistans all-weather friendship with China that breathed hope in local media headlines this past week - a big feat given Pa
Published 21 Dec, 2010 12:00am
Australian delegation visits LCCI

Australian delegation visits LCCI

The State Senate New South Wales, Australia, Chairperson Amanda Fazio has underlined the need for boosting trade relations between Australia and Pakistan, as the meager volume of bilateral business does not reflect the cordial ties between the two countri
Published 21 Dec, 2010 12:00am
Power theft Dispute between LESCO and furnace mills owners heightens

Power theft Dispute between LESCO and furnace mills owners heightens

Dispute between the Lahore Electric Supply Company (LESCO) and Furnace mills owners on power theft has heightened as both sides have given a strike call during the week to lodge their respective protest. LESCO labour wing and officers have given a strike
Published 21 Dec, 2010 12:00am
Street crimes incidence still high in capital

Street crimes incidence still high in capital

Even high security alert during Muharram-ul-Harram could not reduce street crime in Islamabad as over 100 incidents of theft, robberies, purse snatching, car lifting, cheating and attempt to murder were reported last week. In about 106 incidents reported
Published 21 Dec, 2010 12:00am
Pacra assigns positive outlook to ABL

Pacra assigns positive outlook to ABL

The Pakistan Credit Rating Agency (Pacra) has assigned "Positive Outlook" to the ratings of Allied Bank Limited [current ratings: long-term - AA and short-term - A1+]. These ratings denote a very low expectation of credit risk emanating from a very strong
Published 21 Dec, 2010 12:00am
ITP has become corruption-free force: SSP

ITP has become corruption-free force: SSP

Islamabad Traffic Police (ITP) has become model of excellence through its service-oriented policies and further endeavouring to come up to the expectations of the general public by ensuring traffic discipline in the city, said Senior Superintendent of Pol
Published 21 Dec, 2010 12:00am
Khyber Pakhtunkhwa to revive magistracy system for check on prices

Khyber Pakhtunkhwa to revive magistracy system for check on prices

Khyber Pakhtunkhwa Minister for Information, Mian Iftikhar Hussein has said that the provincial government is keeping strict check on the prices of the essential household items and have directed the display of the price lists by the shopkeepers.
Published 21 Dec, 2010 12:00am
PML-Q, JUI can form government in Balochistan: Shujaat

PML-Q, JUI can form government in Balochistan: Shujaat

President Pakistan Muslim League-Q (PML-Q) Chaudhry Shujaat Hussain has said that PML-Q was ready to bring in-house change in Balochistan Assembly with the co-operation of Jamiat-e-Ullma Islam (JUI-F). Talking to reporters after attending PML-Q function r
Published 21 Dec, 2010 12:00am
Meeting held to review draft of climate change policy

Meeting held to review draft of climate change policy

A core group consultative meeting on climate change held on Monday to review the draft of climate change policy. Secretary Environment M. Javed Malik, Additional Secretary Kamran Ali Qureshi, D.G (Environment) Javed Ali Khan, Ex. State Minister for Enviro
Published 21 Dec, 2010 12:00am
Mumtaz Kahloon made Navtec Chairman

Mumtaz Kahloon made Navtec Chairman

Prime Minister Syed Yousuf Raza Gilani Monday appointed Muhammad Mumtaz Akhtar Kahloon Chairman of the National Vocational and Technical Education Commission (Navtec) for a period of two years on honorary basis.
Published 21 Dec, 2010 12:00am
Monetary policy and inflation

Monetary policy and inflation

Addressing members of the business community at a function organised by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) recently, the State Bank governor, Shahid H Kardar was quite lucid in elucidating the role and limitations of mone
Published 21 Dec, 2010 12:00am
Wen gives us back a bit of our self respect!

Wen gives us back a bit of our self respect!

The three-day visit of Chinese Prime Minister Wen Jiabao to Pakistan has been a uniting force in this land of political diversity - be it premised on ethnic, sectarian or institutional divide. The leadership of all major political parties as well as the c
Published 21 Dec, 2010 12:00am
Economic instability: the administrative options

Economic instability: the administrative options

Recently, the SBP Governor addressed the FPCCI primarily (it seems) to explain the SBP's role in the galloping inflation and financial instability, characterising Pak economy. A commendable aspect of his address was that the SBP finally accepted the limit
Published 21 Dec, 2010 12:00am
Dealing with the WikiLeaks effect

Dealing with the WikiLeaks effect

The WikiLeaks have taken the global media by storm; catchy headlines and the once-secret documents have become the talk of the town - from boardrooms to living rooms, from TV studios to roadside cafes, WikiLeaks have caught the attention of most. Some bel
Published 21 Dec, 2010 12:00am
Zeal Pak Cement shareholders' woes

Zeal Pak Cement shareholders' woes

We shareholders of Zeal Pak Cement want to ask the authorities like the SECP and stock exchanges as to what is the status of our shares. Can we assume that our precious money/shares have been lost in a deep well. If the SECP and stock exchanges have no an
Published 21 Dec, 2010 12:00am
Of 'pillars' and 'tripod'

Of 'pillars' and 'tripod'

Global Anti-Corruption Day was observed across the world on December 9. Understan-dably, the current Pakistan Peoples' Party-led government decided not to observe this day officially and abandoned it, as was widely reported by the domestic media.
Published 21 Dec, 2010 12:00am
Need to raise awareness about preventable diseases stressed

Need to raise awareness about preventable diseases stressed

Punjab Minister for Population Welfare Neelam Jabbar Chaudhry has stressed upon the doctors and paramedical staff to raise awareness among the mothers especially in rural folk regarding preventable diseases through promoting preventive measures that is th
Published 21 Dec, 2010 12:00am
FBR concerned over delay in small amounts refunds

FBR concerned over delay in small amounts refunds

The Federal Board of Revenue (FBR) has expressed serious concern over considerable delay in clearance of pending refunds involving meagre amounts of Rs 50,000 and below. Sources told Business Recorder here on Monday that the issue of delay in refun
Published 21 Dec, 2010 12:00am
President seeks Kuwait support in FTA with GCC

President seeks Kuwait support in FTA with GCC

President Asif Ali Zardari has said that Pakistan has keen interest in concluding a free trade agreement with the GCC and seeks Kuwait's support in this regard. This, he said, would pave the way for increased commercial activities between Pakistan and the
Published 21 Dec, 2010 12:00am
NML approves divestment of 10 percent shareholding in PPP

NML approves divestment of 10 percent shareholding in PPP

The board of directors of Nishat Mills Limited (NML) has approved divestment of its 10 percent shareholding in Pakgen Pakgen Power (PPP) (formerly AES Pak Gen Company) through Offer for Sale and listing of the shares on stock exchanges. According to an in
Published 21 Dec, 2010 12:00am
Kotri Barrage canals' closure

Kotri Barrage canals' closure

Chief Engineer Irrigation, Kotri Barrage, Hyderabad has informed 'zamindars' and cultivators that the barrage's canals will remain closed for routine inspection/maintenance and necessary infrastructure repair, from December 25, 2010 to January 10, 2011 (b
Published 21 Dec, 2010 12:00am
Army's mobile team conducting recruitment

Army's mobile team conducting recruitment

Army Selection and Recruitment Centre, Hyderabad has informed that its mobile team will recruit eligible youths on 28th December, 2010 through the Municipal Committee, Sanghar and December 29 and 30, 2010 through Municipal Committee, Shaheed Benazirabad.
Published 21 Dec, 2010 12:00am
ICAP certificate award ceremony today

ICAP certificate award ceremony today

The Institute of Chartered Accountants of Pakistan (ICAP) is holding Certificate Award Ceremony on Tuesday, December 21, 2010 at 6:30 pm at Pearl Continental Hotel, Karachi for students who recently passed the CA final examinations. President ICAP, Mr Saq
Published 21 Dec, 2010 12:00am
Sixth international book fair from December 24

Sixth international book fair from December 24

The sixth 'Karachi International Book Fair 2010' will commence at the Expo Centre on December 24. This was stated by the Chairman of Pakistan Publishers and Booksellers Association (PPBA), Aziz Khalid, here on Monday. He said that Sindh Education Minister
Published 21 Dec, 2010 12:00am
Food outlets on Motorway: FBR to launch ST, FED enforcement drive

Food outlets on Motorway: FBR to launch ST, FED enforcement drive

As the Federal Board of Revenue (FBR) is ready to launch the 'Sales Tax Lucky Draw Scheme' from January 1, 2011, it would use this opportunity for immediately launching an all-out enforcement drive against the potential restaurants/food outlets on Islamab
Published 21 Dec, 2010 12:00am
'Promotion of tolerance culture to help establish peace in society'

'Promotion of tolerance culture to help establish peace in society'

Complete harmony among followers of different religions in Pakistan and promotion of tolerance culture will help establish peace in the society and ensure socio-economic development. This was the consensus of the speakers at a ceremony arranged by "Interf
Published 21 Dec, 2010 12:00am
Bid to kidnap man foiled; three held

Bid to kidnap man foiled; three held

Through a prompt action Islamabad Police foiled kidnapping bid and nabbed three kidnappers who were trying to speed away towards Peshawar after kidnapping a person from Chungi No 26. Arms and ammunition was also recovered from the detained outlaws.
Published 21 Dec, 2010 12:00am
US MIDDAY: copper up near record

US MIDDAY: copper up near record

Copper prices climbed back towards record highs on Monday, after renewed supply threats in top producer Chile provided an additional underpinning to the red metal's demand-driven rally this year.
Published 21 Dec, 2010 12:00am
US MIDDAY: sugar hits 30-year high, coffee slides

US MIDDAY: sugar hits 30-year high, coffee slides

Raw sugar futures rallied Monday to a fresh 30-year high on tight supplies which are seen bolstering the sweetener into 2011, analysts said. Arabica coffee eased from a 13-1/2 year peak, and cocoa was marginally firmer due to lingering worries the politic
Published 21 Dec, 2010 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Monday, overcoming weakness in the euro, after a warning from the European Central Bank on the region's finances and Moody's claim that it may cut the ratings of some Spanish banks boosted safe-haven flows. Tensions on the Korean peninsula al
Published 21 Dec, 2010 12:00am
Gold climbs in Asia

Gold climbs in Asia

Gold rose around 1 percent on Monday with investors chasing the precious metal as the euro weakened against the dollar on concerns over euro zone debt and Ireland's bailout package. Tensions on the Korean peninsula offered additional support following an
Published 21 Dec, 2010 12:00am
Liffe cocoa and sugar higher

Liffe cocoa and sugar higher

Liffe May cocoa ends 2 pounds higher at 1,998 pounds a tonne, underpinned by concerns over risks to supplies from top producer Ivory Coast after a disputed November 28 election. Liffe March white sugar ends $7.40 higher at $798.10 per tonne, supported by
Published 21 Dec, 2010 12:00am
Malaysian palm oil rises

Malaysian palm oil rises

Malaysian crude palm oil futures rose 0.4 percent on Monday as traders bet year-end stocks may reach the lowest in four years despite cargo surveyors showing a slowdown in exports. Traders estimated stocks in December could fall by 8.5 percent to 1.5 mil
Published 21 Dec, 2010 12:00am
Tokyo rubber futures strike record

Tokyo rubber futures strike record

The most active rubber contract on the Tokyo Commodity Exchange struck record on Monday as oil firmed and supply disruptions blamed on heavy rains in producing countries spurred buying from speculators. TOCOM's May rubber contract settled 10.2 yen a kg hi
Published 21 Dec, 2010 12:00am
New York cotton closed daily limit up, nears record top

New York cotton closed daily limit up, nears record top

US cotton futures finished Monday the daily limit up at a one-month top on light fund and speculative buying, with the market poised to hit a new record high due to tight supplies, analysts said. The key March cotton contract on ICE Futures US increased 4
Published 21 Dec, 2010 12:00am
Oil prices rise as cold weather hits Europe, US

Oil prices rise as cold weather hits Europe, US

Crude oil prices advanced Monday, as bitterly cold weather in Europe and the United States boosted expectations of rising heating fuel demand over the Christmas holiday period. New York's main contract, light sweet crude for January delivery, gained 79
Published 21 Dec, 2010 12:00am
Copper rises

Copper rises

Copper rose towards record highs again on Monday as inflation expectations, robust Chinese demand and supply kinks ahead attracted fund inflows. Copper for three-months delivery on the London Metal Exchange finished at $9,201 from a close of $9,070 a tonn
Published 21 Dec, 2010 12:00am
Shanghai copper hits record highs

Shanghai copper hits record highs

Shanghai copper hit a record high on Monday, on expectations that prices will rise further in the coming months on inflation worries and belief that tighter China monetary policy won't dent demand next year. Shanghai's benchmark third-month copper hit a a
Published 21 Dec, 2010 12:00am
12 men arrested in suspected UK terrorism plot

12 men arrested in suspected UK terrorism plot

British police on Monday arrested a dozen men suspected of plotting a large-scale terror attack the biggest anti-terrorist sweep since April 2009, when 12 men were detained over an alleged al Qaida bomb plot in the northern city of Manchester. Police who
Published 21 Dec, 2010 12:00am
Afghan parliament to convene January 20

Afghan parliament to convene January 20

Afghanistan's parliament will convene on January 20, more than four months after the fraud-tainted elections, the president's spokesman said Monday. Waheed Omar said the 249-seat parliament will be inaugurated after the winter break. The elections were he
Published 21 Dec, 2010 12:00am
Iraqi parliament to vote on new cabinet today

Iraqi parliament to vote on new cabinet today

Iraqi Prime Minister Nuri al-Maliki will present his new government to parliament speaker later on Monday, but the voting on the appointments was postponed for one day, a lawmaker in al-Maliki's bloc said. "The parliament session was postponed until Tuesd
Published 21 Dec, 2010 12:00am
Malaysia bus crash kills 28

Malaysia bus crash kills 28

Twenty-eight people, mostly Thai tourists, were killed Monday when their double-decker bus crashed after a trip to the Cameron Highlands in Malaysia's worst-ever coach accident. Police said the Thai holidaymakers were travelling along a winding road to th
Published 21 Dec, 2010 12:00am
EU slaps sanctions on Ivory Coast's Gbagbo

EU slaps sanctions on Ivory Coast's Gbagbo

Defiant Ivory Coast leader Laurent Gbagbo and 18 others will be hit by European Union sanctions for refusing to concede defeat to presidential rival Alassane Ouattara, officials said Monday as Ouattara's camp called on the United Nations to head off a "ci
Published 21 Dec, 2010 12:00am
US builds vast domestic spying network

US builds vast domestic spying network

The US government is building a vast domestic spying network to collect information on Americans as part of expanding counter-terrorism efforts, the Washington Post reported Monday. The unprecedented network involves local police, state and military autho
Published 21 Dec, 2010 12:00am
US builds vast domestic spying network

US builds vast domestic spying network

The US government is building a vast domestic spying network to collect information on Americans as part of expanding counter-terrorism efforts, the Washington Post reported Monday. The unprecedented network involves local police, state and military autho
Published 21 Dec, 2010 12:00am
Snow and ice continue to cause chaos around Europe

Snow and ice continue to cause chaos around Europe

The pre-Christmas cold snap and heavy snowfalls across Europe continued to cause travel chaos on Monday, stranding travellers and also claiming a handful of lives as roads and pavement became treacherous. There was ongoing disruption at Frankfurt airport,
Published 21 Dec, 2010 12:00am
Bomb scares cause New York jitters

Bomb scares cause New York jitters

Police responded to two false bomb alarms in New York and at nearby Newark airport Monday as jitters grew over security during the busy end-of-year holiday season. Part of Newark Liberty International Airport in New Jersey was briefly shut down after disc
Published 21 Dec, 2010 12:00am
Russia, Latvia bury hatchet on decades of disputes

Russia, Latvia bury hatchet on decades of disputes

Russia and Latvia vowed Monday to move past decades of mistrust and restore neighbourly relations during a historic visit to Moscow by Latvian President Valdis Zatlers. The visit was "the result of our political will to overcome the difficulties and find
Published 21 Dec, 2010 12:00am
North Korea says won't react to South drill

North Korea says won't react to South drill

North Korea said it would not react to "reckless" military drills by the South on Monday, despite an earlier threat to retaliate, and CNN reported that Pyongyang had agreed to the return of nuclear inspectors.
Published 21 Dec, 2010 12:00am
Khamenei dismisses expected Hariri court rulings

Khamenei dismisses expected Hariri court rulings

Iran's supreme leader Ayatollah Ali Khamenei on Monday dismissed as "null and void" imminent rulings by the UN court probing the 2005 murder of ex-Lebanese premier Rafiq Hariri, state television reported. The UN-backed Special Tribunal for Lebanon (STL) i
Published 21 Dec, 2010 12:00am
Japan, South Korea seal civilian nuclear pact

Japan, South Korea seal civilian nuclear pact

Japan and South Korea sealed a civilian nuclear pact on Monday, paving the way for the Asian neighbours to share nuclear-power technologies and equipment, Japan's foreign ministry said. Foreign Minister Seiji Maehara and South Korean ambassador to Japan K
Published 21 Dec, 2010 12:00am
Ahmadinejad appoints fourth woman to cabinet

Ahmadinejad appoints fourth woman to cabinet

President Mahmoud Ahmadinejad sacked the head of Iran's National Youth Organisation on Monday and appointed a woman to the cabinet post, official media reported. Ahmadinejad removed Mehrdad Bazrpash and named Farahnaz Torkestani as the head of the Nationa
Published 21 Dec, 2010 12:00am
BBC world news giant Hanrahan dies

BBC world news giant Hanrahan dies

Brian Hanrahan, one of the BBC's top world affairs reporters of the past 30 years, has died at the age of 61, the corporation annnounced Monday. He had cancer Hanrahan covered the fall of the Berlin Wall, the Falklands War, the Tiananmen Square massacre,
Published 21 Dec, 2010 12:00am
Two Bangladesh hostages freed in Afghanistan

Two Bangladesh hostages freed in Afghanistan

Two Bangladeshi road workers kidnapped in Afghanistan three days ago have been freed, saying that five others in captivity are in good health, officials said Monday. One Bangladeshi engineer was killed and seven workers taken hostage on Friday when gunmen
Published 21 Dec, 2010 12:00am
Sachin creates new niche in cricket history: Miandad

Sachin creates new niche in cricket history: Miandad

Former Pakistan Captain Javed Miandad Monday rated Indian prodigy Sachin Tendulkar as master batsman of his own class and said his bat speaks of his accomplishments. "He (Sachin) is a living example for batsmen to follow and everybody should learn from hi
Published 21 Dec, 2010 12:00am
South Korea's Noh scoops Asian Tour top honours

South Korea's Noh scoops Asian Tour top honours

Teenage star Noh Seung-Yul of South Korea has been officially crowned the youngest Asian Tour Order of Merit champion and named the Players' Player of the Year.
Published 21 Dec, 2010 12:00am
Proteas wrap up victory over India

Proteas wrap up victory over India

Fast bowlers Morne Morkel and Dale Steyn took a wicket apiece as South Africa completed victory by an innings and 25 runs on the fifth day of the first Test against India at SuperSport Park on Monday. Sachin Tendulkar was left stranded on 111 not out as I
Published 21 Dec, 2010 12:00am
Women's Football Championship 2010: India beat Pakistan by eight goals

Women's Football Championship 2010: India beat Pakistan by eight goals

South Asian Games gold medallist India defeated Pakistan in the first semi final of the first ever SAFF Women's Football Championship at the Cox's Bazar Stadium on Monday. India will take on the winner of Tuesday's semi-final match between Bangladesh and
Published 21 Dec, 2010 12:00am
England to target struggling Aussie batsmen

England to target struggling Aussie batsmen

England Monday warned all was not "rosy" for Australia despite their crushing Ashes win, with the tourists pledging to take aim at struggling home batsmen in the crucial Melbourne Test. Coach Andy Flower said England would try to exploit Australia's batti
Published 21 Dec, 2010 12:00am
India hails 'Ton'dulkar's 50th Test century

India hails 'Ton'dulkar's 50th Test century

India on Monday celebrated the record-breaking feats of Sachin Tendulkar after the champion batsman scored an unprecedented 50th Test century. President Pratibha Patil and Prime Minister Manmohan Singh led the glowing tributes even as India faced almost c
Published 21 Dec, 2010 12:00am
Wright appointed New Zealand coach

Wright appointed New Zealand coach

New Zealand installed former Test captain John Wright as Black Caps head coach Monday, handing him the formidable task of lifting the team's woeful form ahead of next year's World Cup. Outgoing coach Mark Greatbatch paid the price for the Black Caps' run
Published 21 Dec, 2010 12:00am
PCB condoles death of Amir Bashir

PCB condoles death of Amir Bashir

Chairman, Pakistan Cricket Board(PCB), Muhammad Ijaz Butt and the management have expressed their deep sense of grief on the sad demise of first Class Cricketer Amir Bashir. PCB prays that his soul may rest in peace. May Allah Almighty give his family str
Published 21 Dec, 2010 12:00am
Iran doubles the price of bread with subsidy cut

Iran doubles the price of bread with subsidy cut

Iran's government has slashed subsidies on food, doubling the cost of bread in order to ease pressure on an economy straining under international sanctions. Mohammad Reza Farzin, the program's spokesman, told the state news agency Monday that the governme
Published 21 Dec, 2010 12:00am
Iran central bank repatriating foreign bank deposits

Iran central bank repatriating foreign bank deposits

The Central Bank of Iran has decided to repatriate an unspecified amount of its deposits from foreign bank accounts, its governor said on Monday, citing global economic conditions as the reason. "The CBI decided to lower the volume of its foreign deposits
Published 21 Dec, 2010 12:00am
US and EU reach aircraft export credits deal

US and EU reach aircraft export credits deal

European and US negotiators have agreed to reform the mechanism of supporting aircraft sales, so-called export credits, to allow US and European airlines to benefit, the French newspaper Les Echos reported on Monday. The compromise was reached during the
Published 21 Dec, 2010 12:00am
Russia and India to ink energy, space pacts

Russia and India to ink energy, space pacts

India and Russia were due to sign several pacts on defence, civilian nuclear energy, space and trade during the visit of Russian President Dmitry Medvedev, officials said Monday. The Russian leader was slated to arrive in New Delhi shortly after midnight
Published 21 Dec, 2010 12:00am
OECD wants Spain tax rises if more consolidation needed

OECD wants Spain tax rises if more consolidation needed

Spain should raise taxes further if its fiscal consolidation plan goes off course and reforms to pensions and banks are vital to boost an economy which will remain weak for years, the Organisation of Economic Co-operation and Development said. The OECD in
Published 21 Dec, 2010 12:00am
Moody's warns it could downgrade Spain banks

Moody's warns it could downgrade Spain banks

The Moody's rating agency is warning that it could downgrade the debt rating of Spanish banks dependent on help from the government to help them weather Europe's debt crisis. Moody's Investor Service says the strength of 30 banks could be hurt by "a poten
Published 21 Dec, 2010 12:00am
No toilets costs India $54 billion annually: World Bank

No toilets costs India $54 billion annually: World Bank

A lack of toilets and poor hygiene practices in India cost Asia's third largest economy almost $54 billion every year, the World Bank said on Monday. Premature deaths, treatment for the sick, wasted time and productivity, as well as lost tourism revenues,
Published 21 Dec, 2010 12:00am
Hungary raises rates again

Hungary raises rates again

Hungary's central bank raised interest rates for the second time in two months on Monday and said it may need further tightening in the next months to defend its inflation target. The quarter percentage point move brings the base rate to 5.75 percent and
Published 21 Dec, 2010 12:00am
Moody's downgrades Irish bank ratings

Moody's downgrades Irish bank ratings

Moody's Investors Service said Monday it had lowered its ratings on five Irish banks following its downgrade of Ireland's sovereign debt last week. The agency said that the sovereign downgrade could affect the Irish government's capacity to support the ba
Published 21 Dec, 2010 12:00am
SEC charges former Carter's executive with fraud

SEC charges former Carter's executive with fraud

A former sales executive at clothing marketer Carter's committed financial fraud by manipulating the amount of discounts granted to one of the company's largest customers, US securities regulators alleged in a civil lawsuit. The US Securities and Exchange
Published 21 Dec, 2010 12:00am
ECB chief tells governments to harden up on budgets

ECB chief tells governments to harden up on budgets

The head of the European Central Bank Jean-Claude Trichet told EU governments on Monday to face up to their responsibilities and crack down on their budget overspending. Speaking after a weekend when European Union leaders agreed to set up a permanent nat
Published 21 Dec, 2010 12:00am
Eurozone posts 9.8 billion euros trade deficit

Eurozone posts 9.8 billion euros trade deficit

The eurozone's balance of payments worsened slightly to a deficit of 9.8 billion euros (12.9 billion dollars) in October, the European Central Bank said Monday. The balance of payments, which includes payments for imports and exports of trade in goods and
Published 21 Dec, 2010 12:00am
Basel Committee proposes low risk weight to CCP exposure

Basel Committee proposes low risk weight to CCP exposure

Global banking regulators proposed on Monday that banks should only have to set aside small amounts of capital when dealing with supervised central counterparties, in a consultative paper aimed at further stabilising the financial system. Transactions car
Published 21 Dec, 2010 12:00am
UK government, bankers meeting on bonuses put off

UK government, bankers meeting on bonuses put off

Winter storms forced British(government ministers and bank executives to postpone on Monday their meeting on the politically touchy issue of bank bonuses. The Department of Business, Innovation and Skills did not announce a new date but said it hoped the
Published 21 Dec, 2010 12:00am
ECB sharply lowers its bond purchases

ECB sharply lowers its bond purchases

The European Central Bank said Monday it had sharply reduced purchases of government debt last week, a signal that some calm might have returned to a crucial financial market. The ECB said it settled 603 million euros' (793 million dollars) worth of gover
Published 21 Dec, 2010 12:00am
ECB sharply lowers its bond purchases

ECB sharply lowers its bond purchases

The European Central Bank said Monday it had sharply reduced purchases of government debt last week, a signal that some calm might have returned to a crucial financial market. The ECB said it settled 603 million euros' (793 million dollars) worth of gover
Published 21 Dec, 2010 12:00am
Online advertising spend overtakes newspapers

Online advertising spend overtakes newspapers

Online advertising spending in the United States will overtake spending on newspaper ads this year for the first time, digital research firm eMarketer said Monday. EMarketer estimated that online ad spending will grow 13.9 percent in 2010 to 25.8 billion
Published 21 Dec, 2010 12:00am
Yuan ends down

Yuan ends down

China's yuan closed down on Monday as the People's Bank of China set a lower mid-point in the wake of a rise in the US dollar index and demand for the safe haven US currency due to tensions on the Korean peninsula. But the PBOC's fixing changed so little
Published 21 Dec, 2010 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling rose against a struggling euro in light trade on Monday as the single currency was hampered by debt worries, but gains for the pound were slight, with UK exposure to the eurozone hampering the rally. Traders said year-end trading conditions had s
Published 21 Dec, 2010 12:00am
Won rebounds in Asian trade

Won rebounds in Asian trade

The South Korean won rebounded from a four-week low on Monday after military drills on a disputed area ended without any retaliatory action from Pyongyang, but most other Asian currencies fell on a weaker euro. South Korea launched the live firing drills
Published 21 Dec, 2010 12:00am
Indian rupee retraces

Indian rupee retraces

The Indian rupee recovered most of its lost ground on Monday after falling to near three-week lows earlier in the day, on some likely dollar inflows from a large corporate and as local stocks turned positive. The partially convertible rupee ended at 45.47
Published 21 Dec, 2010 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 70.64/70.70 (previous 70.64/70.70) Call Money Rates: 45.00-55.00 percent (previous 55.00-180.00 percent).
Published 21 Dec, 2010 12:00am
Euro falls broadly in London

Euro falls broadly in London

The euro hit an all-time low against the Swiss franc and slipped versus the dollar on Monday as investors looked for more aggressive solutions from European leaders to the eurozone's debt problems. The single currency fell to around 1.2693 Swiss francs on
Published 21 Dec, 2010 12:00am
Midday trade: Euro breaks support versus dollar

Midday trade: Euro breaks support versus dollar

  • The euro fell against the dollar and hit a record low versus the Swiss franc on Monday, with more losses likely as markets were hit by fears of further ratings downgrades of debt-stricken euro zone countries and banks. The euro broke below its 200-day m
Published 21 Dec, 2010 12:00am
Euro dips to two-week low in Asia

Euro dips to two-week low in Asia

The euro slid to a two-week low on Monday, looking vulnerable to more losses against the dollar after breaching chart support the previous session, while the market kept watch on rising tensions in the Korean peninsula. The euro, which was pressured by a
Published 21 Dec, 2010 12:00am
Australian dollar on a roll versus euro

Australian dollar on a roll versus euro

The Australian dollar hit a record high on the euro on Monday and a 25-year peak on the sterling after Ireland's debt rating was slashed and as risk appetite proved resilient to tensions in the Korean peninsula and to falls across Asian stock markets.
Published 21 Dec, 2010 12:00am
Swiss franc higher versus euro

Swiss franc higher versus euro

The Swiss franc hovered near an all-time high versus the euro on Monday as sovereign debt worries continued to weigh on the unified currency and boost the safe haven Swissie. The franc was 0.3 percent higher against the euro compared to the New York close
Published 21 Dec, 2010 12:00am
UK's top share index rises

UK's top share index rises

Utility stocks helped push Britain's top shares higher on Monday, as the UK's near-Arctic conditions boosted demand for energy, but British Airways toiled as the big freeze disrupted airline services. The FTSE 100 closed up 19.86 points, or 0.3 percent, a
Published 21 Dec, 2010 12:00am
Seoul stocks slip

Seoul stocks slip

Seoul shares eased as South Korea held military drills on Monday, prompting profit-taking after these index hit a 37-month high in the previous session and sending key technology and auto issues lower. The Korea Composite Stock Price Index (KOSPI) finishe
Published 21 Dec, 2010 12:00am
Australian shares decline

Australian shares decline

Australian stocks eased 0.6 percent on Monday as share markets across Asia fell in light volumes, hurt by heightened tensions on the Korean peninsula and concerns over a year-end money crunch in China, Australia's top trade partner. Fund manager Perpetual
Published 21 Dec, 2010 12:00am
European stocks hit 27-month high

European stocks hit 27-month high

European stocks hit a 27-month closing high on Monday, with utilities gaining as freezing temperatures boosted demand for energy and miners rising on buoyant metals prices. But trading was seasonally quiet ahead of the Christmas holidays. The FTSEurofirst
Published 21 Dec, 2010 12:00am
Shanghai and Hong Kong shares lower

Shanghai and Hong Kong shares lower

Shanghai shares fell on Monday, dragging Hong Kong's market lower, amid expectations that access to funds may become harder as banks curb lending as the year winds down. Shanghai's key stock index, fell as much as 3 percent earlier in the day and closed d
Published 21 Dec, 2010 12:00am
Monday's midday trade: Wall Street rises

Monday's midday trade: Wall Street rises

US stocks rose on Monday with Wall Street looking to extend three weeks of gains as some investors said shares could rally in a thinly traded, holiday-shortened week. Several companies announced acquisitions. AT&T Inc said it would buy wireless spectrum l
Published 21 Dec, 2010 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell 0.56 percent on Monday after reaching a more than two-and-a-half-year closing high as investors took profits from tech firms on lingering fears over the impact on their profits from a stronger Taiwan dollar. The main TAIEX share index c
Published 21 Dec, 2010 12:00am
Middle East Stocks: Kuwait's Kharafi stocks dip

Middle East Stocks: Kuwait's Kharafi stocks dip

Kuwait's Kharafi-linked stocks tumbled on Monday on investor fears the group's consortium will not complete its deal to sell a 46-percent stake in telecoms operator Zain. Kharafi, a major Zain shareholder, has a provisional deal to sell the Zain stake to
Published 21 Dec, 2010 12:00am
Nikkei slightly lower

Nikkei slightly lower

Japan's Nikkei dropped 0.9 percent in thin trade on Monday, with sentiment soured by a declining China market. "Selling in the Japanese market is due to external reasons, and as there are fewer foreign participants in the market, low volume is causing vol
Published 21 Dec, 2010 12:00am
Most South East Asian stocks fall

Most South East Asian stocks fall

Most Southeast Asian stock markets fell on Monday in thin volume, pulling Singapore shares to a one-month low, with tensions on the Korean peninsula reinforcing the risk-averse mood seen in recent weeks. The region traded in negative territory for most of
Published 21 Dec, 2010 12:00am
Indian shares up

Indian shares up

Indian shares edged up 0.1 percent on Monday, as software majors soared to a record high on optimistic outlook for the sector, but upside was limited due to low activity as the year-end neared. Hero Honda jumped 18 percent, its best single-day gain in at
Published 21 Dec, 2010 12:00am
US wheat futures rise

US wheat futures rise

Chicago wheat futures rose more than 1 percent on Monday, taking the monthly gains to around 18 percent as weather concerns in top exporters United States and Australia continued to underpin the market. Corn futures were up for a fourth straight session w
Published 21 Dec, 2010 12:00am
Vietnamese robusta coffee prices jump 1.7 percent

Vietnamese robusta coffee prices jump 1.7 percent

Vietnamese robusta coffee prices jumped 1.7 percent in the past week to the highest level since August 2008, which could make it difficult for several exporters to secure beans locally, traders said on Monday.
Published 21 Dec, 2010 12:00am
India to give exporters more time to ship cotton

India to give exporters more time to ship cotton

India, the world's second-biggest producer of cotton, will give exporters more time to ship an allotted 5.5 million bales after they missed this total by a December 15 deadline, two government sources said. "Considering the domestic availability of cotton
Published 21 Dec, 2010 12:00am
Russia's milling grain prices keep rising

Russia's milling grain prices keep rising

Milling grain prices kept rising last week, while average feed grain prices were largely unchanged in European Russia on expectations of imports and grain sales from government stocks, analysts said on Monday. Milling rye rose by 300 roubles ($9.79) to 7,
Published 21 Dec, 2010 12:00am
Chinese coal producer aims to raise output

Chinese coal producer aims to raise output

Guizhou province, the leading coal producer in southern China, aims to raise coal output by more than two thirds to 250 million tonnes by 2015, the official Xinhua news agency reported on Monday. Guizhou also planned to increase installed power generating
Published 21 Dec, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 297,568 tonnes of cargo including 237,416 tonnes of import cargo, 60,152 tonnes of export cargo, 6,411 loaded and empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 237,416 tonnes compri
Published 21 Dec, 2010 12:00am
Chemical items mixed on Jodia Bazar

Chemical items mixed on Jodia Bazar

The trading in chemical items closed mixed on Jodia Bazar here on Monday. The following changes were noted.
Published 21 Dec, 2010 12:00am
Lean business seen on grain market

Lean business seen on grain market

A few changes were seen on the wholesales grain and seed market on Monday as some buyers were active after long weekend holidays, dealers said. On the cereal side masoor Canada was quoted at Rs 6800, other items maintained last levels in process of low tr
Published 21 Dec, 2010 12:00am
Spot rate, lint prices up amid modest trading on cotton market

Spot rate, lint prices up amid modest trading on cotton market

Prices were higher on the cotton market on Monday as exporters after a short break entered the market to finalise new deals, dealers said. The Karachi Cotton Association (KCA) spot rate was raised by Rs 100 to Rs 9,200. Seed cotton prices in Sindh and Pun
Published 21 Dec, 2010 12:00am
Oil cake market rates

Oil cake market rates

Contracts were mixed on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The December vaida that had closed at Rs 1178.00 commenced with no change at the same rate, dealers said. The January vaida which closed with shar
Published 21 Dec, 2010 12:00am
Vietnam's rice exports up 11 percent

Vietnam's rice exports up 11 percent

Rice exports from Vietnam so far this year have reached 6.49 million tonnes, up 11 percent from the same period last year and already above the annual record high of 6.05 million scored in 2009, an industry body said. Grain exports between January 1 and D
Published 21 Dec, 2010 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 21 Dec, 2010 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 21 Dec, 2010 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (December 20, 2010).
Published 21 Dec, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
Zardari assures MQM of measures to resolve issues

Zardari assures MQM of measures to resolve issues

President Asif Ali Zardari on Monday assured Muttahida Qaumi Movement (MQM) that appropriate measures would be taken to address their reservations regarding Sindh government. The President gave the assurance to a delegation of MQM led by Dr Farooq Sattar
Published 21 Dec, 2010 12:00am
Zardari assures MQM of measures to resolve issues

Zardari assures MQM of measures to resolve issues

President Asif Ali Zardari on Monday assured Muttahida Qaumi Movement (MQM) that appropriate measures would be taken to address their reservations regarding Sindh government. The President gave the assurance to a delegation of MQM led by Dr Farooq Sattar
Published 21 Dec, 2010 12:00am
Ahmadinejad to Zardari: hand over 'terrorists'

Ahmadinejad to Zardari: hand over 'terrorists'

President Mahmoud Ahmadinejad told his counterpart Asif Ali Zardari on Monday to arrest and hand over "known terrorists," the Iranian leader's office said on its website. In a telephone call, the Iranian president "asked Zardari to order his country's sec
Published 21 Dec, 2010 12:00am
Ahmadinejad to Zardari: hand over 'terrorists'

Ahmadinejad to Zardari: hand over 'terrorists'

President Mahmoud Ahmadinejad told his counterpart Asif Ali Zardari on Monday to arrest and hand over "known terrorists," the Iranian leader's office said on its website. In a telephone call, the Iranian president "asked Zardari to order his country's sec
Published 21 Dec, 2010 12:00am
US builds vast domestic spying network: report

US builds vast domestic spying network: report

The US government is building a vast domestic spying network to collect information on Americans as part of expanding counter-terrorism efforts, the Washington Post reported Monday. The unprecedented network involves local police, state and military autho
Published 21 Dec, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
CJP for easing, streamlining tax collection system

CJP for easing, streamlining tax collection system

Chief Justice of Pakistan, Iftikhar Muhammad Chaudhary here on Monday observed that corruption in the country can be eliminated by easing tax collection and streamlining the system. Presiding over a full bench, the CJ said this while hearing dozens of ide
Published 21 Dec, 2010 12:00am
CJP for easing, streamlining tax collection system

CJP for easing, streamlining tax collection system

Chief Justice of Pakistan, Iftikhar Muhammad Chaudhary here on Monday observed that corruption in the country can be eliminated by easing tax collection and streamlining the system. Presiding over a full bench, the CJ said this while hearing dozens of ide
Published 21 Dec, 2010 12:00am
CJP for easing, streamlining tax collection system

CJP for easing, streamlining tax collection system

Chief Justice of Pakistan, Iftikhar Muhammad Chaudhary here on Monday observed that corruption in the country can be eliminated by easing tax collection and streamlining the system. Presiding over a full bench, the CJ said this while hearing dozens of ide
Published 21 Dec, 2010 12:00am
National Assembly panel to take up RGST issue on December 22

National Assembly panel to take up RGST issue on December 22

The National Assembly Standing Committee on Finance is expected to meet on Wednesday to take up the matter of 'reformed general sales tax' (RGST) after obtaining viewpoints of stakeholders, particularly the business and trade. It is learnt here that the m
Published 21 Dec, 2010 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (December 20, 2010).
Published 21 Dec, 2010 12:00am
National Assembly panel to take up RGST issue on December 22

National Assembly panel to take up RGST issue on December 22

The National Assembly Standing Committee on Finance is expected to meet on Wednesday to take up the matter of 'reformed general sales tax' (RGST) after obtaining viewpoints of stakeholders, particularly the business and trade. It is learnt here that the m
Published 21 Dec, 2010 12:00am
National Assembly panel to take up RGST issue on December 22

National Assembly panel to take up RGST issue on December 22

The National Assembly Standing Committee on Finance is expected to meet on Wednesday to take up the matter of ''reformed general sales tax'' (RGST) after obtaining viewpoints of stakeholders, particularly the business and trade. It is learnt here that the
Published 21 Dec, 2010 12:00am
Bill to be placed in National Assembly after consensus: Khursheed

Bill to be placed in National Assembly after consensus: Khursheed

The Reformed General Sales Tax (RGST) Bill, 2010 will not be tabled in Parliament for approval without first developing a consensus in the House. Federal Minister for Labour and Manpower and Chief Whip of PPP Khursheed Ahmed Shah stated this in the Nation
Published 21 Dec, 2010 12:00am
Bill to be placed in National Assembly after consensus: Khursheed

Bill to be placed in National Assembly after consensus: Khursheed

The Reformed General Sales Tax (RGST) Bill, 2010 will not be tabled in Parliament for approval without first developing a consensus in the House. Federal Minister for Labour and Manpower and Chief Whip of PPP Khursheed Ahmed Shah stated this in the Nation
Published 21 Dec, 2010 12:00am
Bill to be placed in National Assembly after consensus: Khursheed

Bill to be placed in National Assembly after consensus: Khursheed

The Reformed General Sales Tax (RGST) Bill, 2010 will not be tabled in Parliament for approval without first developing a consensus in the House. Federal Minister for Labour and Manpower and Chief Whip of PPP Khursheed Ahmed Shah stated this in the Nation
Published 21 Dec, 2010 12:00am
Draft CGT rules sent for vetting

Draft CGT rules sent for vetting

The Federal Board of Revenue (FBR) has sent, for vetting to Law and Justice Division, the draft of the 'Capital Gains Tax (CGT) Rules 2010', to be applicable on stock exchange investors. Sources told Business Recorder here on Monday that the FBR wo
Published 21 Dec, 2010 12:00am
Draft CGT rules sent for vetting

Draft CGT rules sent for vetting

The Federal Board of Revenue (FBR) has sent, for vetting to Law and Justice Division, the draft of the 'Capital Gains Tax (CGT) Rules 2010', to be applicable on stock exchange investors. Sources told Business Recorder here on Monday that the FBR wo
Published 21 Dec, 2010 12:00am
Draft CGT rules sent for vetting

Draft CGT rules sent for vetting

The Federal Board of Revenue (FBR) has sent, for vetting to Law and Justice Division, the draft of the ''Capital Gains Tax (CGT) Rules 2010'', to be applicable on stock exchange investors. Sources told Business Recorder here on Monday that the FBR
Published 21 Dec, 2010 12:00am
Index gains 57.56 points

Index gains 57.56 points

The KSE-100 index on Monday rose by 57.56 points and closed at 11,843.65 points on the back of continuing interest of foreign investors, coupled with local participants and institutional support. The market opened on a positive note and the index crossed
Published 21 Dec, 2010 12:00am
Index gains 57.56 points

Index gains 57.56 points

The KSE-100 index on Monday rose by 57.56 points and closed at 11,843.65 points on the back of continuing interest of foreign investors, coupled with local participants and institutional support. The market opened on a positive note and the index crossed
Published 21 Dec, 2010 12:00am
Index gains 57.56 points

Index gains 57.56 points

The KSE-100 index on Monday rose by 57.56 points and closed at 11,843.65 points on the back of continuing interest of foreign investors, coupled with local participants and institutional support. The market opened on a positive note and the index crossed
Published 21 Dec, 2010 12:00am
BRIndex30 up 70.84 points

BRIndex30 up 70.84 points

On Monday, the BRIndex30 opened at 8,740.98 points and remained in positive throughout the trading session. It touched the intra-day high of 8,864.63 points and low of 8,740.98 points, and closed at 8,811.82 points with a net positive change of 70.84 poin
Published 21 Dec, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Dec, 2010 12:00am
BRIndex30 up 70.84 points

BRIndex30 up 70.84 points

On Monday, the BRIndex30 opened at 8,740.98 points and remained in positive throughout the trading session. It touched the intra-day high of 8,864.63 points and low of 8,740.98 points, and closed at 8,811.82 points with a net positive change of 70.84 poin
Published 21 Dec, 2010 12:00am
Salman Siddique made FBR chief

Salman Siddique made FBR chief

In a major development, Prime Minister Yousuf Raza Gilani on Monday replaced the Secretary Ministry of Finance and Chairman Federal Board of Revenue with immediate effect and a notification in this regard has been issued. According to the notifications, S
Published 21 Dec, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 21 Dec, 2010 12:00am
Salman Siddique made FBR chief

Salman Siddique made FBR chief

In a major development, Prime Minister Yousuf Raza Gilani on Monday replaced the Secretary Ministry of Finance and Chairman Federal Board of Revenue with immediate effect and a notification in this regard has been issued. According to the notifications, S
Published 21 Dec, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Dec, 2010 12:00am
Salman Siddique made FBR chief

Salman Siddique made FBR chief

In a major development, Prime Minister Yousuf Raza Gilani on Monday replaced the Secretary Ministry of Finance and Chairman Federal Board of Revenue with immediate effect and a notification in this regard has been issued. According to the notifications, S
Published 21 Dec, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Dec, 2010 12:00am
72 percent decline in current account deficit

72 percent decline in current account deficit

The country's current account deficit has narrowed down by 72 percent during first five months of fiscal year 2010-11 mainly due to heavy inflows in home remittances and decline in goods deficit. The State Bank of Pakistan (SBP) revealed on Monday, the co
Published 21 Dec, 2010 12:00am
72 percent decline in current account deficit

72 percent decline in current account deficit

The country's current account deficit has narrowed down by 72 percent during first five months of fiscal year 2010-11 mainly due to heavy inflows in home remittances and decline in goods deficit. The State Bank of Pakistan (SBP) revealed on Monday, the co
Published 21 Dec, 2010 12:00am
72 percent decline in current account deficit

72 percent decline in current account deficit

The country''s current account deficit has narrowed down by 72 percent during first five months of fiscal year 2010-11 mainly due to heavy inflows in home remittances and decline in goods deficit. The State Bank of Pakistan (SBP) revealed on Monday, the c
Published 21 Dec, 2010 12:00am
July-October agriculture credit disbursement down 10 percent

July-October agriculture credit disbursement down 10 percent

Agriculture credit disbursement by commercial and specialised banks posted a sharp decline of 10 percent year-on-year to Rs 56.694 billion in the first four months (July-October) of FY11 due to floods in the country. Source in banking sector told Busin
Published 21 Dec, 2010 12:00am
July-October agriculture credit disbursement down 10 percent

July-October agriculture credit disbursement down 10 percent

Agriculture credit disbursement by commercial and specialised banks posted a sharp decline of 10 percent year-on-year to Rs 56.694 billion in the first four months (July-October) of FY11 due to floods in the country. Source in banking sector told Busin
Published 21 Dec, 2010 12:00am
July-October agriculture credit disbursement down 10 percent

July-October agriculture credit disbursement down 10 percent

Agriculture credit disbursement by commercial and specialised banks posted a sharp decline of 10 percent year-on-year to Rs 56.694 billion in the first four months (July-October) of FY11 due to floods in the country. Source in banking sector told Busin
Published 21 Dec, 2010 12:00am
A just and equitable gas supply: Gilani issues directives

A just and equitable gas supply: Gilani issues directives

Prime Minister Syed Yousuf Raza Gilani on Monday issued directives for equitable distribution of gas, across the country and strict implementation of the ECC decisions. Chairing a special high level meeting at the PM House to review the gas supply situati
Published 21 Dec, 2010 12:00am
A just and equitable gas supply: Gilani issues directives

A just and equitable gas supply: Gilani issues directives

Prime Minister Syed Yousuf Raza Gilani on Monday issued directives for equitable distribution of gas, across the country and strict implementation of the ECC decisions. Chairing a special high level meeting at the PM House to review the gas supply situati
Published 21 Dec, 2010 12:00am
A just and equitable gas supply: Gilani issues directives

A just and equitable gas supply: Gilani issues directives

Prime Minister Syed Yousuf Raza Gilani on Monday issued directives for equitable distribution of gas, across the country and strict implementation of the ECC decisions. Chairing a special high level meeting at the PM House to review the gas supply situati
Published 21 Dec, 2010 12:00am
Punjab suffers massive loss, says Shahbaz Sharif

Punjab suffers massive loss, says Shahbaz Sharif

Punjab Chief Minister Shahbaz Sharif has said that the province had to bear billions of dollars loss due to 15-day gas load management, while it affected 15 million people. He was addressing a press conference here on Monday, after attending a meeting wit
Published 21 Dec, 2010 12:00am
Punjab suffers massive loss, says Shahbaz Sharif

Punjab suffers massive loss, says Shahbaz Sharif

Punjab Chief Minister Shahbaz Sharif has said that the province had to bear billions of dollars loss due to 15-day gas load management, while it affected 15 million people. He was addressing a press conference here on Monday, after attending a meeting wit
Published 21 Dec, 2010 12:00am
Punjab suffers massive loss, says Shahbaz Sharif

Punjab suffers massive loss, says Shahbaz Sharif

Punjab Chief Minister Shahbaz Sharif has said that the province had to bear billions of dollars loss due to 15-day gas load management, while it affected 15 million people. He was addressing a press conference here on Monday, after attending a meeting wit
Published 21 Dec, 2010 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee held the weekend levels against dollar on the interbank while it drifted lower on the open market on Monday, dealers said. The rupee was unchanged against the US currency for buying and selling at 85.74 and 85.78 in process of trading, they said
Published 21 Dec, 2010 12:00am
LSE index up by 39.61 points

LSE index up by 39.61 points

Bullish sentiment dominated on Lahore Stock Exchange on Monday and equities stayed range-bound due to lack of interest on the part of investors who preferred to remain on sidelines. The LSE-25 index gained 39.61 points and closed at 3676.89 against 3637.2
Published 21 Dec, 2010 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee held the weekend levels against dollar on the interbank while it drifted lower on the open market on Monday, dealers said. The rupee was unchanged against the US currency for buying and selling at 85.74 and 85.78 in process of trading, they said
Published 21 Dec, 2010 12:00am
LSE index up by 39.61 points

LSE index up by 39.61 points

Bullish sentiment dominated on Lahore Stock Exchange on Monday and equities stayed range-bound due to lack of interest on the part of investors who preferred to remain on sidelines. The LSE-25 index gained 39.61 points and closed at 3676.89 against 3637.2
Published 21 Dec, 2010 12:00am
ISE index surges by 6.82 points

ISE index surges by 6.82 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 06.82 points as the ISE Ten Index moved from 2,965.95
Published 21 Dec, 2010 12:00am
ISE index surges by 6.82 points

ISE index surges by 6.82 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 06.82 points as the ISE Ten Index moved from 2,965.95
Published 21 Dec, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
Quake rocks southern Iran

Quake rocks southern Iran

A 6.5-magnitude earthquake rocked south-eastern Iran on Monday, state television said on its website, without reporting any immediate casualties. It said the quake struck the town of Hosseinabad in Kerman province at 10:12 pm (18:42 GMT) and was felt in t
Published 21 Dec, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
Salman's appointment as FBR chairman hailed

Salman's appointment as FBR chairman hailed

The appointment of Salman Siddique as new Chairman of the Federal Board of Revenue (FBR) would help the tax managers to take tax policy decisions more independently to facilitate reforms in tax administration. Leading Karachi-based chartered accountants a
Published 21 Dec, 2010 12:00am
Mitha likely to be country head of Deutsche Bank

Mitha likely to be country head of Deutsche Bank

The Head of Global Treasury HBL Faizan Mitha is likely to join Deutsche Bank as country head for Pakistan. Currently, Mitha is associated with Habib Bank Limited as SEVP and Group Executive. He is also the president of Financial Markets Association of Pak
Published 21 Dec, 2010 12:00am
Mitha likely to be country head of Deutsche Bank

Mitha likely to be country head of Deutsche Bank

The Head of Global Treasury HBL Faizan Mitha is likely to join Deutsche Bank as country head for Pakistan. Currently, Mitha is associated with Habib Bank Limited as SEVP and Group Executive. He is also the president of Financial Markets Association of Pak
Published 21 Dec, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 11TH DECEMBER, 2010.

Published 21 Dec, 2010 12:00am
Mitha likely to be country head of Deutsche Bank

Mitha likely to be country head of Deutsche Bank

The Head of Global Treasury HBL Faizan Mitha is likely to join Deutsche Bank as country head for Pakistan. Currently, Mitha is associated with Habib Bank Limited as SEVP and Group Executive. He is also the president of Financial Markets Association of Pak
Published 21 Dec, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 11TH DECEMBER, 2010.

Published 21 Dec, 2010 12:00am
India says Pakistan must drop 'terror' for friendly ties

India says Pakistan must drop 'terror' for friendly ties

India's Prime Minister Manmohan Singh said Monday that friendly ties with Pakistan can only come when Islamabad ensures its soil is not used for "terrorist" activities against Indian targets. "We want friendly relations with Pakistan. But we know this wil
Published 21 Dec, 2010 12:00am
India says Pakistan must drop 'terror' for friendly ties

India says Pakistan must drop 'terror' for friendly ties

India's Prime Minister Manmohan Singh said Monday that friendly ties with Pakistan can only come when Islamabad ensures its soil is not used for "terrorist" activities against Indian targets. "We want friendly relations with Pakistan. But we know this wil
Published 21 Dec, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (December 20, 2010).

Published 21 Dec, 2010 12:00am
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