BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2010-12-31
Millions around the world ring in 2011
Top News

Millions around the world ring in 2011

KARACHI: As 2010 comes to a close and the clock ticks closer to 2011, cities across the world readied themselves to r
Published 31 Dec, 2010 11:43am
Bank holiday on January 1st
Top News

Bank holiday on January 1st

RECORDER REPORT   KARACHI:  The State Bank of Pakistan and all offices of SBP Banking Services Corporation, in
Published 31 Dec, 2010 09:15am
Fifth review under SBA rescheduled
Top News

Fifth review under SBA rescheduled

  ISLAMABAD:  The fifth review of Pakistan's performance as set out in the technical memorandum of understanding
Published 31 Dec, 2010 08:41am
BoI chairman briefed about FDI issues
Top News

BoI chairman briefed about FDI issues

KARACHI : Chairman Board of Investment (BoI), Saleem H. Mandviwalla recently visited Overseas Investors Chamber of Com
Published 31 Dec, 2010 08:04am
Bestway finds a sweet spot
BR Research

Bestway finds a sweet spot

What started out as a grocery store in London some four decades ago has become an internationally diversified conglomerate, with interests i
Published 31 Dec, 2010 12:00am
In T-bills we trust
BR Research

In T-bills we trust

Thanks to the governments growing appetite for fiscal financing and the banks corresponding desire for safe investment avenues, the treasury
Published 31 Dec, 2010 12:00am
NGOs for political solution to resolve Balochistan issue

NGOs for political solution to resolve Balochistan issue

Aman Itehad, an alliance of various NGOs has urged the government to come up with a political solution to ensure security of life and livelihood for the people of Balochistan in pursuance with their aspirations to help restore trust.
Published 31 Dec, 2010 12:00am
Newly elected president of CRA felicitated

Newly elected president of CRA felicitated

The Lahore High Court (LHC) Chief Justice Ijaz Ahmad Chaudhry has hailed the services of journalists particularly "court reporters" in establishing supremacy of law and constitution in Pakistan. The CJ said this in his written message of congratulation to
Published 31 Dec, 2010 12:00am
Punjab University to conduct rehearsal of 119th convocation today

Punjab University to conduct rehearsal of 119th convocation today

Vice-Chancellor, Punjab University, Professor Dr Mujahid Kamran, Pro Vice-Chancellor, Professor Dr Jamil Anwar Chaudhry Registrar, Professor Dr Muhammad Akhtar, Controller Examinations, Dr Zahid Karim Khan, all faculty deans, principals of colleges.
Published 31 Dec, 2010 12:00am
MoU signed to promote health sector

MoU signed to promote health sector

Chairman, Superior University, Superior Group of Colleges, (Azra Naheed Medical College) Professor Dr Chaudhry Abdul Rehman & Chairperson, Surayya Azeem Hospital, Dr Ameer Ul Azeem signed an MoU at Superior University.
Published 31 Dec, 2010 12:00am
'Country being run by printing notes worth billions of rupees'

'Country being run by printing notes worth billions of rupees'

Pakistan Muslim League-Nawaz Chief, Nawaz Sharif has said the country is being run by printing billions of currency notes every month. Addressing the function of Foundation Day of the PML-N at the Expo Centre, Nawaz said people of Pakistan were being crus
Published 31 Dec, 2010 12:00am
Researchers, stakeholders urged to formulate horticulture policy

Researchers, stakeholders urged to formulate horticulture policy

Pakistan is blessed with diversified agro-ecological conditions suitable to grow more than 30 fruits as there was a tremendous potential of increasing per acre production of these crops as well as introducing new crops on commercial scale, so to harness t
Published 31 Dec, 2010 12:00am
Bail-out package for the railways

Bail-out package for the railways

The Cabinet has approved a bail-out package for Pakistan Railways (PR) amounting to 11.5 billion rupees and enhanced its overdraft facility from the State Bank of Pakistan by 10 billion rupees. Analysts are agreed that railway remains the cheapest form of
Published 31 Dec, 2010 12:00am
Stop! Look what you're doing

Stop! Look what you're doing

The string of profanities that came from the lips of PML (N) and MQM leaders against each other's top leadership as they spoke to reporters at the main gate of the Parliament House on Wednesday is too obscene to be printed on this page. Had this sparring
Published 31 Dec, 2010 12:00am
Provinces and agricultural income tax

Provinces and agricultural income tax

The issue of distribution of taxation powers between the federation and federating units in Pakistan has assumed renewed significance in the wake of 18th Constitutional Amendment and announcement of 7th National Finance Commission Award.
Published 31 Dec, 2010 12:00am
Radioactive ore in Kurram Agency

Radioactive ore in Kurram Agency

I wrote on the religion-political situation in Kurram Agency in my previous articles titled "Is Islamabad losing Parachinar to Kabul?" and "Parachinar is burning". Today, I am writing on another aspect of this troubled region, which has been ignored by Is
Published 31 Dec, 2010 12:00am
Benazir Bhutto's assassination

Benazir Bhutto's assassination

Pir Saheb Pagara's statement on December 25 about catching Benazir's killers is right when he says that "No one can touch Benazir's Killers." The arrest of 'top Pindi cops', allegedly involved in the assassination of Benazir Bhutto, is just an eyewash, ti
Published 31 Dec, 2010 12:00am
Dream and reality

Dream and reality

Dream is effortless but its conversion into reality always remains illusive. It will, therefore, be prudent for the former ambassador, Tariq Fatmi to stop sycophancy of the erring Nawaz in the hope of becoming the future Foreign Minister and thus let you
Published 31 Dec, 2010 12:00am
APC by Schneider Electric launches 'EcoBreeze'

APC by Schneider Electric launches 'EcoBreeze'

APC by Schneider Electric, a global leader in integrated critical power and cooling services, today announced the launch of EcoBreeze(tm), a modular indirect evaporative and air-to-air heat exchanger cooling solution for tackling the energy requirements o
Published 31 Dec, 2010 12:00am
Show of cause notices issued to judicial officers

Show of cause notices issued to judicial officers

The Lahore High Court (LHC) Chief Justice (CJ) Ijaz Ahmad Chaudhry has issued show cause notices to two judicial officers (JO) for influencing him (CJ) in matter of their promotion and posting.
Published 31 Dec, 2010 12:00am
Tussle between DG I&I FBR and Director of Karachi office intensifies

Tussle between DG I&I FBR and Director of Karachi office intensifies

Infighting between Director General, Intelligence and Investigation (I&I)FBR and the Director of Karachi office has further intensified as Muhammad Zahid Khokar, Director I&I-FBR, Karachi on Thursday went on 40-days leave to express resentment over DG's a
Published 31 Dec, 2010 12:00am
All set to meet kinnow export target

All set to meet kinnow export target

Kinnow exports are in full swing and the industry is well-poised to meet the Kinnow export target of 300,000 metric tons worth 85 million dollars during the current 2010-11 export season.
Published 31 Dec, 2010 12:00am
CJP praises judges of SHC, district judiciary

CJP praises judges of SHC, district judiciary

Chief Justice of Pakistan (CJP), Justice Iftikhar Muhammad Chaudhry has expressed his satisfaction over the performance of the judges of Sindh High Court and district judiciary.
Published 31 Dec, 2010 12:00am
RAC discusses broadening of tax base

RAC discusses broadening of tax base

A meeting of Regional Advisory Committee (RAC) consists of Tax Officers and members of leading Business Organisation and Tax Bar Associations was held at Regional Tax Office, Hyderabad. The meeting discussed the issues relating to broadening of tax base,
Published 31 Dec, 2010 12:00am
One gunned down in Naseerabad

One gunned down in Naseerabad

A man was gunned down while his wife sustained serious injuries over old enmity in district Jaffarabad on Thursday. According to the local police, unknown armed men barged into a house and opened fire at Khan Bahdur and his wife near Goht Yat Garh area an
Published 31 Dec, 2010 12:00am
Oil & gas sector outperforms KSE index by 19 percent

Oil & gas sector outperforms KSE index by 19 percent

The heavy weight oil and gas sector posted a handsome return of 45 percent (inclusive of dividend) during the outgoing year of 2010, analysts said. Thanks to the rising foreign interest and volume led earnings growth, the sector outperformed KSE 100 index
Published 31 Dec, 2010 12:00am
Minister for releasing water downstream Kotri Barrage

Minister for releasing water downstream Kotri Barrage

The Sindh Minister for Power, Ms Shazia Marri, has said that due to scarcity of fresh water and intrusion of sea water, the areas downstream Kotri Barrage were ecologically in worst condition and appealed to all stakeholders and opinion leaders to underst
Published 31 Dec, 2010 12:00am
PIA, Turkish Airlines ink MoU

PIA, Turkish Airlines ink MoU

A Memorandum of Understanding (MoU) has been signed between Pakistan International Airlines (PIA) and Turkish Airlines to bolster commercial co-operation and explore avenues to bring the people of the two countries closer. The agreement was signed between
Published 31 Dec, 2010 12:00am
US MIDDAY: gold eases

US MIDDAY: gold eases

Gold eased on Thursday but prices are still on track to post their biggest yearly rise in three years for a record 10th consecutive annual gain on uncertainty about economic recovery and currencies. Silver and palladium, easily the top performing commodit
Published 31 Dec, 2010 12:00am
US MIDDAY: wheat, corn and soya slip

US MIDDAY: wheat, corn and soya slip

Wheat futures on the Chicago Board of Trade fell Thursday morning as traders took profits following a run-up in the spot contract to a near five-month high earlier this week. Spot corn prices also were lower on profit-taking, but soyabean futures were up
Published 31 Dec, 2010 12:00am
Sugar falls

Sugar falls

ICE raw sugar edged down early on Thursday from this week's 30-year peak as high prices were seen reducing cash demand. Arabica coffee futures drifted further from last week's 13-1/2-year high, although buoyed by limited availability of high-quality Colom
Published 31 Dec, 2010 12:00am
Gold cuts gains in London trade

Gold cuts gains in London trade

Gold eased on Thursday, under pressure from a rise in the dollar against the yen after US data offered some reassurance on the economic outlook, though bullion was still just 1.5 percent below record highs. Palladium and silver, both of which hit multi-ye
Published 31 Dec, 2010 12:00am
Silver, palladium hit highs in Asia

Silver, palladium hit highs in Asia

Spot silver hit a 30-year peak and palladium a nine-year high on Thursday, buoyed by a weak dollar and strength in base metals, while gold rose to its highest in three weeks, supported by good physical demand. Spot silver hit a 30-year high of $30.84 an o
Published 31 Dec, 2010 12:00am
US gold hits three-week high

US gold hits three-week high

US gold futures ended near its highest level in three weeks and silver rose toward a 30-year high on Wednesday, as a weaker dollar lifted the precious metals in thin volume ahead of the year end. COMEX February gold futures settles up $7.90 or 0.6 percent
Published 31 Dec, 2010 12:00am
Crude oil plummets

Crude oil plummets

US crude oil prices fell sharply on Thursday as investors focused on booking year-end profits after the recent jump by oil to above $91 a barrel, shrugging off supportive economic data and a government report showing crude oil inventories fell last week.
Published 31 Dec, 2010 12:00am
Liffe sugar falls

Liffe sugar falls

Liffe March white sugar ended $65.10 lower at $761.30 per tonne on Thursday, underpinned by tight global supplies due to adverse weather in key producing countries. Dealers noted that cash demand was scarce at current high prices. Liffe May cocoa ended 29
Published 31 Dec, 2010 12:00am
Raw sugar hits 30-year top

Raw sugar hits 30-year top

Soft commodity futures were choppy Wednesday, with raw sugar touching a 30-year top before closing lower on the day as players tweaked positions ahead of the New Year holiday, analysts said. Arabica coffee futures edged higher in see-saw trade while remai
Published 31 Dec, 2010 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian crude palm oil futures rose on Thursday as traders took positions ahead of the long weekend, while they posted their lowest annual gains in two years. Palm oil, which has climbed 42.2 percent this year, was underpinned by concerns of heavy rains
Published 31 Dec, 2010 12:00am
US soya down

US soya down

Soyabean futures on the Chicago Board of Trade fell 0.7 percent on Wednesday as traders took profits after a seven-day rally drove the spot contract to a near 28-month high this week. Weak tone in crude oil adds pressure. Continued concerns about hot and
Published 31 Dec, 2010 12:00am
Tokyo rubber futures rise

Tokyo rubber futures rise

Tokyo rubber futures ended higher on Thursday, heading for their 9th annual rise since the start of the decade, as bargain hunting and persistent worries about supply defied pressure from a strong yen. The most active contract on the Tokyo Commodity Excha
Published 31 Dec, 2010 12:00am
Copper stays at record high

Copper stays at record high

Copper rose to a record on Thursday and was on track to finish 2010 nearly one third higher as a weaker dollar and widening market deficit seen for next year burnished the metal's allure for investors. Benchmark copper on the London Metal Exchange closed
Published 31 Dec, 2010 12:00am
Shanghai copper jumps

Shanghai copper jumps

Shanghai copper futures leapt to a 41-month peak on Thursday as buy orders were triggered after early support from investors in Japan looking to take advantage of strength in the yen. Shanghai metal rallied to 70,850 yuan, its strongest since July 2007. "
Published 31 Dec, 2010 12:00am
US copper falls

US copper falls

Copper prices fell in New York on Wednesday as investors took profit for the first time in three sessions and closed up in London after record highs as U.K. markets reopened from the long Christmas break. On the New York Mercantile Exchange's COMEX metals
Published 31 Dec, 2010 12:00am
New York cotton futures settle higher

New York cotton futures settle higher

US cotton futures closed higher Thursday on speculative and possible mill buying as players adjusted positions one day before the end of a year in which prices charged to a 150-year high, analysts said. The key March cotton contract on ICE Futures US rose
Published 31 Dec, 2010 12:00am
Khodorkovsky sentenced to six more years

Khodorkovsky sentenced to six more years

A Russian judge ordered former tycoon Mikhail Khodorkovsky jailed until 2017 on Thursday after being convicted of theft and money-laundering, in a court case seen by the West as a test of the rule of law in Russia. Moscow judge Viktor Danilkin granted the
Published 31 Dec, 2010 12:00am
Roadside bomb kills 14 Afghans in south

Roadside bomb kills 14 Afghans in south

A roadside bomb blew up a van in Afghanistan's south on Thursday, killing 14 civilians, including women and children, and wounding several more people, officials said. Roadside and other bombs are by far the most lethal weapons deployed by Taliban insurge
Published 31 Dec, 2010 12:00am
Katsav convicted of rape

Katsav convicted of rape

Former Israeli president Moshe Katsav was convicted of two counts of rape on Thursday, capping a four-year scandal that shocked the Jewish state and leaves him facing at least eight years in prison. As a Tel Aviv court handed down the verdict, which also
Published 31 Dec, 2010 12:00am
Bomb explodes near Greek embassy in Argentina

Bomb explodes near Greek embassy in Argentina

A bomb exploded early Thursday in front of the Greek embassy in the Argentine capital, causing material damage but no injuries, police said. A police spokesman told AFP the blast caused minor damage and that an investigation was underway. The blast came j
Published 31 Dec, 2010 12:00am
Hungary's president signs media law, criticism mounts

Hungary's president signs media law, criticism mounts

Hungary's president signed into law on Thursday controversial new legislation that gives the government greater control over news outlets, as criticism of the plans by the country's European Union partners mounted. Citing the publisher of Hungary's offici
Published 31 Dec, 2010 12:00am
Two dead, thousands evacuated in Philippines rains

Two dead, thousands evacuated in Philippines rains

Two people were killed and about 4,000 forced to flee their homes as monsoon rains brought flash floods and landslides to the region south-east of the Philippine capital, officials said Thursday. An 80-year-old woman and her 50-year-old son were swept awa
Published 31 Dec, 2010 12:00am
British queen becomes a great-grandmother

British queen becomes a great-grandmother

Queen Elizabeth, 84, became a great-grandmother for the first time when the wife of her grandson Peter Phillips gave birth to a baby girl, Buckingham Palace said on Thursday. Autumn Phillips, a Canadian, gave birth on Wednesday. "The Queen, The Duke of Ed
Published 31 Dec, 2010 12:00am
South Korea labels North 'enemy'

South Korea labels North 'enemy'

North Korea has raised the number of its special forces troops, who are trained to infiltrate South Korea, by 20,000 to 200,000 in the past two years as it increasingly focuses on unconventional warfare, South Korea said Thursday. It warned in a Defence M
Published 31 Dec, 2010 12:00am
Obama names envoy to Syria

Obama names envoy to Syria

President Barack Obama on Wednesday bypassed Congress to name the first US ambassador to Syria in nearly six years, part of his Middle East engagement drive criticised by Republican opponents. Obama took the controversial step of forcing through the appoi
Published 31 Dec, 2010 12:00am
US revokes Venezuelan envoy's visa

US revokes Venezuelan envoy's visa

The Obama administration revoked the visa of the Venezuelan ambassador to the United States on Wednesday in a tit-for-tat diplomatic response to Venezuela's rejection of the US choice to be the next envoy to the South American country.
Published 31 Dec, 2010 12:00am
British feared Israel would nuke Arabs: archives

British feared Israel would nuke Arabs: archives

British diplomats feared Israel would use nuclear weapons in the event of another war with its Arab neighbours, secret files released Thursday showed. In 1980, British officials were concerned that Israel could be heading for a new conflict, despite signi
Published 31 Dec, 2010 12:00am
EU could end China arms embargo early 2011

EU could end China arms embargo early 2011

A European Union arms embargo clamped on China in 1989 following the Tiananmen crackdown could be lifted in early 2011, Brussels sources told Thursday's edition of France's Le Figaro daily. The lifting of the embargo on all lethal weapons "could happen ve
Published 31 Dec, 2010 12:00am
Ivory Coast on brink of 'genocide'

Ivory Coast on brink of 'genocide'

Political unrest following Ivory Coast's disputed presidential election has brought the West African country to the "brink of genocide", its new ambassador to the United Nations said. World leaders have stepped up pressure on incumbent leader Laurent Gbag
Published 31 Dec, 2010 12:00am
UNICEF sponsored U-14 football tournament ends

UNICEF sponsored U-14 football tournament ends

UNICEF sponsored a weeklong under-14 girls and boys football tournament concluded at Cantonment Board Ground here on Wednesday. In final fixture Lady Anderson Girls school team thrashed Talim-ul-Amal Centre Alla Abad team by 1-0 in a thrilling finish. The
Published 31 Dec, 2010 12:00am
Bring on a green pitch, says winner Dhoni

Bring on a green pitch, says winner Dhoni

Fresh from leading India to only their second Test win on five tours of South Africa, Mahendra Singh Dhoni said he would welcome playing the decisive third and final Test in Cape Town on a lively pitch. "It will be interesting to see what kind of wicket i
Published 31 Dec, 2010 12:00am
Pakistan crush New Zealand

Pakistan crush New Zealand

Pakistan humiliated New Zealand in the third and final Twenty20 international in Christchurch Thursday as the Black Caps slumped to their lowest ever total in the ultra-short form of the game. New Zealand collapsed spectacularly chasing Pakistan's six for
Published 31 Dec, 2010 12:00am
Clarke replaces injured Ponting as skipper

Clarke replaces injured Ponting as skipper

Michael Clarke will captain Australia for the first time and Usman Khawaja will make an historic debut in next week's final Ashes Test in the absence of injured skipper Ricky Ponting. Clarke was promoted on Thursday from vice-captain to lead the team afte
Published 31 Dec, 2010 12:00am
Chelsea win, Arsenal draw, Liverpool lose

Chelsea win, Arsenal draw, Liverpool lose

Chelsea ended their dire run with a 1-0 home Premier League win over Bolton Wanderers but Arsenal, seeking to go joint-top with a win, conceded a late equaliser in a 2-2 draw at 10-man Wigan Athletic on Wednesday. It was a miserable night for Liverpool as
Published 31 Dec, 2010 12:00am
Gas loadshedding: Industrial growth comes to a complete halt

Gas loadshedding: Industrial growth comes to a complete halt

President Rawalpindi Chamber of Commerce and Industry (RCCI), Ali Raza Saeed Shah has said due to gas loadshedding not only industry's growth has come to a complete halt but it has also multiplied the miseries of people manifold.
Published 31 Dec, 2010 12:00am
ERRA meeting approves projects for Khyber Pakhtunkhwa, Muzaffarabad

ERRA meeting approves projects for Khyber Pakhtunkhwa, Muzaffarabad

The 16th board meeting of Earthquake Reconstruction and Rehabilitation Authority (ERRA), presided over by its chairman Hamid Yar Hiraj, was held here on Thursday and was attended by Chief Secretary Azad Jammu and Kashmir, members of Planning Division, civ
Published 31 Dec, 2010 12:00am
Capital police arrest car thief

Capital police arrest car thief

Islamabad Police have arrested a car lifter red-handed, while four other outlaws including a woman, were nabbed for their alleged involvement in drug peddling, possessing illegal weapons. One car, 1100 gram hashish, 450 gram heroin and three wine bottles
Published 31 Dec, 2010 12:00am
Vatican enacts laws promising financial transparency

Vatican enacts laws promising financial transparency

The Vatican, whose bank is the focus of a money laundering investigation, enacted laws on Thursday to bring it in line with international standards on financial transparency and the fight against funding terrorism. It was the biggest action ever taken by
Published 31 Dec, 2010 12:00am
Greek bonds hit new record high

Greek bonds hit new record high

Greek 10-year bonds on Thursday rose to a record high of 12.553 percent, breaking the previous record set earlier this year during its bailout by the European Union and International Monetary Fund. In thin trading the yield, or return to investors, on Gre
Published 31 Dec, 2010 12:00am
Greek bonds hit new record high

Greek bonds hit new record high

Greek 10-year bonds on Thursday rose to a record high of 12.553 percent, breaking the previous record set earlier this year during its bailout by the European Union and International Monetary Fund. In thin trading the yield, or return to investors, on Gre
Published 31 Dec, 2010 12:00am
Huge queues at Estonian banks ahead of euro switch

Huge queues at Estonian banks ahead of euro switch

Huge queues formed outside Estonian banks on Thursday, with many people wrongly worried they will no longer be able to use the kroon currency after the Baltic country switches to the euro on January 1.
Published 31 Dec, 2010 12:00am
UK financial watchdog fines hit record high

UK financial watchdog fines hit record high

The UK's financial watchdog handed out record fines of 89 million pounds ($137.4 million) this year, in a crackdown on banks, individuals and financial scams as it prepares to be replaced by new authorities. Fines imposed by the Financial Services Authori
Published 31 Dec, 2010 12:00am
Bolivia raises wages to defuse tension

Bolivia raises wages to defuse tension

Bolivian President Evo Morales raised the minimum wage by 20 percent on Wednesday in a bid to defuse social tensions over hefty fuel price increases that have sparked protests in the impoverished Andean country. Morales' government cut state fuel subsidie
Published 31 Dec, 2010 12:00am
China's factory inflation eases

China's factory inflation eases

Chinese inflation showed signs of cresting in a manufacturing survey on Thursday, an early indication that the government will be able to stick to its course of gradual rather than aggressive monetary tightening. An easing of price pressures could also ca
Published 31 Dec, 2010 12:00am
China's online population rises to 450 million

China's online population rises to 450 million

China said Thursday the number of Internet users in what is already the world's largest online market had jumped to 450 million - more than a third of the country's 1.3-billion-strong population. "By the end of November, the number of netizens had reached
Published 31 Dec, 2010 12:00am
US jobless claims, factory data buoy recovery hopes

US jobless claims, factory data buoy recovery hopes

Upbeat US data on Thursday buttressed the view the economy gained momentum as the year ended, setting the stage for a stronger performance in 2011. New applications for unemployment benefits dropped 34,000 last week to 388,000, the lowest level since July
Published 31 Dec, 2010 12:00am
Citibank man held over alleged fraud in India

Citibank man held over alleged fraud in India

Indian police on Thursday said they had arrested the key suspect in a multi-million-dollar scam unearthed at a Citibank branch in Gurgaon, a booming satellite city outside New Delhi. Police allege that more than four billion rupees (88 million dollars) wa
Published 31 Dec, 2010 12:00am
Skype brings video calls to iPhone, iPod, iPad

Skype brings video calls to iPhone, iPod, iPad

Skype on Thursday made its first foray into video calls on mobile telephones, launching a new application for users of Apple's iPhone as well as the iPod music player and the iPad tablet computer. The latest version of Skype, available on Apple's online b
Published 31 Dec, 2010 12:00am
Abu Dhabi to take over port management from Dubai

Abu Dhabi to take over port management from Dubai

Abu Dhabi is taking over management of the city's port from neighbouring Dubai's port firm DP World, which runs similar facilities around the world. DP World and Abu Dhabi Terminals said Thursday that ADT will assume control of Mina Zayed in the new year,
Published 31 Dec, 2010 12:00am
Banks, miners down as FTSE ebbs away from 6,000 level

Banks, miners down as FTSE ebbs away from 6,000 level

Britain's top share index fell on Thursday, drifting away from the 6,000 level in thin volumes on the last full trading session of 2010, pulled down by banks and energy stocks. The FTSE 100 index closed down 25.35 points, or 0.4 percent, at 5,971.01, havi
Published 31 Dec, 2010 12:00am
European shares end lower

European shares end lower

European shares closed lower on Thursday, paring some of December's strong gains on the last day of trading in countries including Germany, Spain and Italy, with China growth and eurozone debt concerns weighing on sentiment. The FTSEurofirst 300 closed do
Published 31 Dec, 2010 12:00am
Seoul shares hit three-year highs

Seoul shares hit three-year highs

South Korean shares ended the last trading day of the 2010 at their highest levels in more three years on Thursday, as hopes for sustained economic recovery in the new year boosted sentiment. The Korea Composite Stock Price Index (KOSPI) finished up 0.37
Published 31 Dec, 2010 12:00am
Nikkei average sinks three percent in 2010

Nikkei average sinks three percent in 2010

Japan's Nikkei average ended the year on a sour note on Thursday, pressured by profit-taking as the yen advanced to a fresh seven-week high against the dollar. The benchmark Nikkei booked a 3 percent loss for 2010 as the yen's strength over the course of
Published 31 Dec, 2010 12:00am
Hong Kong, Shanghai stocks up

Hong Kong, Shanghai stocks up

Shanghai and Hong Kong stocks edged higher on Thursday led by Chinese banks, while property shares slid ahead of year-end. China's stock market ended up 0.29 percent in thin trading, buoyed by late afternoon rebounds in banking stocks as some investors to
Published 31 Dec, 2010 12:00am
US bond market seen firm

US bond market seen firm

US Treasuries debt prices should stay firm into year-end, following a strong seven-year note auction on Wednesday, as investors square books ahead of year-end and prepare for Federal Reserve purchases next week. Government debt prices rose on Wednesday as
Published 31 Dec, 2010 12:00am
US bond market seen firm

US bond market seen firm

US Treasuries debt prices should stay firm into year-end, following a strong seven-year note auction on Wednesday, as investors square books ahead of year-end and prepare for Federal Reserve purchases next week. Government debt prices rose on Wednesday as
Published 31 Dec, 2010 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks were flat on Wednesday as a stronger local dollar hurt big technology exporters, while investors bought financial shares on expectations of an interest rate hike on Thursday. Taiwan's main TAIEX share index closed down 0.05 percent, or 4.41
Published 31 Dec, 2010 12:00am
US stocks slightly up

US stocks slightly up

The S&P 500 headed for its best December in nearly two decades as US stocks advanced in thin trade on Wednesday, lifted by investor optimism about the economy in 2011. The S&P has gained 6.8 percent so far this month and rose in 17 of the last 20 sessions
Published 31 Dec, 2010 12:00am
Thursday's early trade: Wall Street rally eases

Thursday's early trade: Wall Street rally eases

US stocks edged lower on Thursday as the recent rally and light volume left investors reluctant to take on much more risk before the new year. After a 6.5 percent rally this month even a series of better-than-expected economic reports was not enough to sp
Published 31 Dec, 2010 12:00am
Most Southeast Asian stocks up at end of 2010

Most Southeast Asian stocks up at end of 2010

Most Southeast Asian bourses ended higher on Thursday, the final session of 2010 in much of the region, with Indonesia poised to show the biggest gain in a year marked by foreign inflows and domestic economic resilience. The Jakarta Composite Index inched
Published 31 Dec, 2010 12:00am
Indian shares rise

Indian shares rise

Indian shares on Thursday rose 0.7 percent to their highest close in seven weeks in thin year-end volumes, led by Infosys Technologies, Larsen & Toubro and gains in some automobile shares. State-run oil marketing firms Indian Oil Corp, Hindustan Petroleum
Published 31 Dec, 2010 12:00am
Gulf markets mixed in volatile 2010

Gulf markets mixed in volatile 2010

Stock markets in the energy-rich Gulf end 2010 mixed, with strong oil prices and the decision to award Qatar the right to host the 2022 World Cup offset by financial shockwaves in Dubai and Europe. Qatar, Saudi Arabia and Oman ended the year in positive t
Published 31 Dec, 2010 12:00am
Australian dollar hits 28-year high

Australian dollar hits 28-year high

The Australian dollar touched a fresh 28-year high against a declining US currency on Thursday, while the New Zealand dollar made a six-week peak helped in part by board-based strength in global commodity prices. The Aussie basked at $1.0198, having clear
Published 31 Dec, 2010 12:00am
Swiss franc hits fresh all-time high

Swiss franc hits fresh all-time high

The Swiss franc hit a fresh all-time high against the dollar on Thursday as traders took falls in US bond yields, which erode the return on US assets, as a cue to sell the greenback. The franc, which has attracted funds escaping eurozone debt problems, al
Published 31 Dec, 2010 12:00am
Yuan hits fresh high

Yuan hits fresh high

The yuan hit a record high against the dollar on Thursday after the People's Bank of China set a higher mid-point, sparking expectations of more appreciation in the first quarter of next year. Spot yuan hit an intraday high of 6.6000, the highest level si
Published 31 Dec, 2010 12:00am
Taiwan dollar, won strengthen

Taiwan dollar, won strengthen

The Taiwanese dollar and the South Korean won strengthened on Thursday, driven by exporters' demand for their own currencies and broad-based weakness in the US dollar. Asian currencies are expected to stay firm in 2011, thanks to sustained high economic g
Published 31 Dec, 2010 12:00am
Indian rupee hits three-week high

Indian rupee hits three-week high

The Indian rupee rose to a near three-week high on Thursday as gains in domestic shares raised hopes for sustained capital inflows while broad losses in the dollar also supported sentiment. The partially convertible rupee closed at 44.95/96 per dollar aft
Published 31 Dec, 2010 12:00am
Dollar slides in New York

Dollar slides in New York

The dollar hit a seven-week low against the yen and dropped versus the euro on Wednesday, as US government bond yields tumbled following a solid debt auction, diminishing the appeal of the greenback. Rising global stock prices on expectations of stronger
Published 31 Dec, 2010 12:00am
Early trade in New York: Swiss franc soars to record highs

Early trade in New York: Swiss franc soars to record highs

The Swiss franc hit record highs versus the euro and dollar on Thursday and looked set to extend gains as lower US bond yields and concern about the eurozone debt crisis prompted investors to seek safety in the Swiss currency. The dollar weakened broadly,
Published 31 Dec, 2010 12:00am
Swissie climbs to record high

Swissie climbs to record high

The Swiss franc hit record highs versus the euro and the dollar on Thursday, bolstered by its safe-haven status and lower US bond yields in thin year-end trade that exaggerated price swings. The dollar weakened broadly, hitting a seven-week low against th
Published 31 Dec, 2010 12:00am
Dollar withers to new lows in Asia

Dollar withers to new lows in Asia

The dollar weakened broadly on Thursday, hitting a seven-week low against the yen and a 28-year low against the Australian currency as traders took falls in US bond yields as a cue to sell it. US Treasury prices recovered on Wednesday, pushing yields shar
Published 31 Dec, 2010 12:00am
Sterling falls against euro

Sterling falls against euro

Sterling fell to a seven-week low against the euro on Thursday, hitting a two-month trough on a trade-weighted basis, with traders citing year-end clearer selling while thin liquidity exaggerated price movements. A 1 percent drop against the euro in very
Published 31 Dec, 2010 12:00am
Cotton prices perk up again

Cotton prices perk up again

While the New York cotton futures (ICE) prices are mostly dilly-dallying in search of a positive direction, domestic lint prices have moved up by about Rs 200 per maund (37.32 Kgs) over the past couple of days. New York futures may attain a more perceptib
Published 31 Dec, 2010 12:00am
Cotton prices perk up again

Cotton prices perk up again

While the New York cotton futures (ICE) prices are mostly dilly-dallying in search of a positive direction, domestic lint prices have moved up by about Rs 200 per maund (37.32 Kgs) over the past couple of days. New York futures may attain a more perceptib
Published 31 Dec, 2010 12:00am
Steadier trend persists on cotton market

Steadier trend persists on cotton market

Firmness prevailed on the cotton market on Thursday during the subdued business because of absence of active mills demand, dealers said. The Karachi Cotton Association (KCA) spot rate was unchanged at Rs 9000, they said. Seed cotton prices in Sindh and Pu
Published 31 Dec, 2010 12:00am
Oil cake market rates

Oil cake market rates

Contracts were mixed on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The January vaida that had closed with 50 paisa fall at Rs 1250.00 opened with no change at the same rate. The March vaida which ended at Rs 124
Published 31 Dec, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 153,367 tonnes of cargo including 116,038 tonnes of import cargo, 37,329 tonnes of export cargo, 4,009 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 116,038 tonnes comp
Published 31 Dec, 2010 12:00am
Indonesia sees palm oil output up 5.3 percent in 2011

Indonesia sees palm oil output up 5.3 percent in 2011

Indonesia expects output of key plantation crops, including palm oil and rubber, to increase next year on the back of expanded acreage, improving yields and expected good weather, a senior agriculture official said on Thursday. An unusually long rainy sea
Published 31 Dec, 2010 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures slipped as investors booked profits near year's end and snapped a seven-day winning streak on Wednesday, traders said. Weaker Chicago soya markets and near-parity Canadian dollar, which weigh on crusher margins, added pressure.
Published 31 Dec, 2010 12:00am
Seed products show modest change on grain market

Seed products show modest change on grain market

Seeds products fluctuated modestly on the wholesales grain and seed market on Thursday, dealers said. On the grams side rapeseeds Nawabshah low type rose by Rs 50 to Rs 2325 and good type was up by Rs 40 to Rs 2340. Rapeseeds Mirpurlane gained Rs 50 to Rs
Published 31 Dec, 2010 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat cash bids in the US Plains were mostly steady on Thursday though some merchants adjusted basis in a sluggish market. Basis in Goodland, Kansas, was notched back a dime a bushel, while the basis in Catoosa, Oklahoma, firmed a nickel.
Published 31 Dec, 2010 12:00am
Sukkur IBA: Determined to be world-class centre of excellence

Sukkur IBA: Determined to be world-class centre of excellence

Access to quality education in rural Sindh is quite scanty and far-fetched. Quality education in Urban Sindh is expensive and far away. Many parents cannot afford to send their children to Karachi or Lahore. In fact, more than 80% of the parents are not a
Published 31 Dec, 2010 12:00am
From editor's desk

From editor's desk

The publication of Banking Review in your hand has taken place in less than one month after the death of pioneer of economic and financial journalism in Pakistan M. A. Zuberi.
Published 31 Dec, 2010 12:00am
From editor's desk

From editor's desk

The publication of Banking Review in your hand has taken place in less than one month after the death of pioneer of economic and financial journalism in Pakistan M. A. Zuberi.
Published 31 Dec, 2010 12:00am
Government borrowing may further dampen growth

Government borrowing may further dampen growth

Gross Domestic Product (GDP) growth rate may decline further from earlier estimates of 2.5 to 2.8 percent for the current fiscal year due to government borrowing from banks in excess of budgetary estimates and failure to eliminate the circular debt in the
Published 31 Dec, 2010 12:00am
Government borrowing may further dampen growth

Government borrowing may further dampen growth

Gross Domestic Product (GDP) growth rate may decline further from earlier estimates of 2.5 to 2.8 percent for the current fiscal year due to government borrowing from banks in excess of budgetary estimates and failure to eliminate the circular debt in the
Published 31 Dec, 2010 12:00am
Government borrowing may further dampen growth

Government borrowing may further dampen growth

Gross Domestic Product (GDP) growth rate may decline further from earlier estimates of 2.5 to 2.8 percent for the current fiscal year due to government borrowing from banks in excess of budgetary estimates and failure to eliminate the circular debt in the
Published 31 Dec, 2010 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, inclusive of Public Debt Offices, will remain closed for public dealing on Saturday the 1st January, 2011 which has been declared as Bank Holiday. All Banks/DFIs shall, theref
Published 31 Dec, 2010 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, inclusive of Public Debt Offices, will remain closed for public dealing on Saturday the 1st January, 2011 which has been declared as Bank Holiday. All Banks/DFIs shall, theref
Published 31 Dec, 2010 12:00am
Banks need to shift gears

Banks need to shift gears

In the race of the financial sector growth and evolution, the discontinuity and unpredictability of government policies has kept Pakistan far behind other developing and emerging economies. Unlike others, the absence of debt capital markets and the natura
Published 31 Dec, 2010 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, inclusive of Public Debt Offices, will remain closed for public dealing on Saturday the 1st January, 2011 which has been declared as Bank Holiday. All Banks/DFIs shall, theref
Published 31 Dec, 2010 12:00am
Consumer banking - the boom and the bane

Consumer banking - the boom and the bane

The exalted grandeur of consumer banking in Pakistan was very short-lived; the anti-climax hit the sector in 2008 amid falling economic growth and rising interest rates, and there was no coming back for consumer lending. All the banks have been busy manag
Published 31 Dec, 2010 12:00am
Fifth review under SBA rescheduled

Fifth review under SBA rescheduled

The fifth review of Pakistan's performance as set out in the technical memorandum of understanding under the Stand By Arrangement (SBA) has been further postponed, according to Staff Report on International Monetary Fund's (IMF) website. The review was or
Published 31 Dec, 2010 12:00am
Bonding the bond market

Bonding the bond market

It's difficult to find an issue that the community of financiers agree upon. But one thing just about every top level decision maker on the market agrees is that the role of commercial banks is not to finance long term projects.
Published 31 Dec, 2010 12:00am
Fifth review under SBA rescheduled

Fifth review under SBA rescheduled

The fifth review of Pakistan's performance as set out in the technical memorandum of understanding under the Stand By Arrangement (SBA) has been further postponed, according to Staff Report on International Monetary Fund's (IMF) website. The review was or
Published 31 Dec, 2010 12:00am
Bank treasury's role in Pakistan

Bank treasury's role in Pakistan

Banks' treasury departments have a wide variety of functions. The primary role of any treasury function is to manage bank's assets and liabilities, and existent risk arising from them. The responsibility of treasury includes efficient management of reserv
Published 31 Dec, 2010 12:00am
Fifth review under SBA rescheduled

Fifth review under SBA rescheduled

The fifth review of Pakistan''s performance as set out in the technical memorandum of understanding under the Stand By Arrangement (SBA) has been further postponed, according to Staff Report on International Monetary Fund''s (IMF) website. The review was
Published 31 Dec, 2010 12:00am
Government decides to contest suit against ISI

Government decides to contest suit against ISI

The government on Thursday formally announced that it will contest the lawsuit in US court against Inter-Services Intelligence (ISI) in connection with Mumbai attacks of 2008 through appropriate steps for the dismissal the cases.
Published 31 Dec, 2010 12:00am
Good things come in small packages

Good things come in small packages

The financial industry has experienced tremendous growth over the past few decades. On one hand, complex financial products are to be blamed for the recent global economic disorder; but on the other, simple financial products to enable socio-economic deve
Published 31 Dec, 2010 12:00am
Government decides to contest suit against ISI

Government decides to contest suit against ISI

The government on Thursday formally announced that it will contest the lawsuit in US court against Inter-Services Intelligence (ISI) in connection with Mumbai attacks of 2008 through appropriate steps for the dismissal the cases.
Published 31 Dec, 2010 12:00am
Islamic banking in search of a direction

Islamic banking in search of a direction

"I shall watch with keenness the work of your organisation...compatible with Islamic ideas of social and economic life. We must work...and present to the world an economic system based on true Islamic concept of equality of manhood and social justice," so
Published 31 Dec, 2010 12:00am
State of anti-money laundering laws in Pakistan

State of anti-money laundering laws in Pakistan

Post 9/11 counter-terrorism efforts, and an increasing global desire to eliminate financing opportunities for sponsoring acts of terrorism, has made it crucial for countries across the globe through a centralized database, to keep track of any suspicious
Published 31 Dec, 2010 12:00am
SMEs in Pakistan: It's a catch-22

SMEs in Pakistan: It's a catch-22

In the long list of dichotomies, anomalies and mismatches that exist in almost all the spheres of social and economic affairs of the country, the SME mismatch is surely amongst the top few.
Published 31 Dec, 2010 12:00am
The evolution of banking valuation in Pakistan

The evolution of banking valuation in Pakistan

In the early part of the decade, there was little interest in banking stocks at the Karachi Stock Exchange; investors mostly focused on the more heavyweight scrips such as PTCL, HUBCO, PSO, FFC and the likes. This was the pre-privatisation timeframe and s
Published 31 Dec, 2010 12:00am
Sharia-compliant banking?

Sharia-compliant banking?

The present-day Islamic Banking is, in my opinion, fifty percent Islamic if viewed from a legal point of view. It is even less from the standpoint of the true spirit of Islamic teachings.
Published 31 Dec, 2010 12:00am
The Bank of Khyber - RAAST Islamic Banking

The Bank of Khyber - RAAST Islamic Banking

Bilal Mustafa is the Managing Director of The Bank of Khyber with over 38 years banking experience. He took over the charge on March 05, 2008. He started his banking career with Habib Bank and subsequently joined Allied Bank. In addition to being the Mana
Published 31 Dec, 2010 12:00am
Used cars age limit: MoC withdraws SRO of December 8

Used cars age limit: MoC withdraws SRO of December 8

The Commerce Ministry on Thursday withdrew its Statutory Regulatory Order (SRO) of December 8, 2010, regarding increase in age limit from three to five years for used cars imported under personal baggage, gift and transfer of residence schemes, well-infor
Published 31 Dec, 2010 12:00am
Going Branchless: Paving way for financial inclusion

Going Branchless: Paving way for financial inclusion

The concept of 'financial inclusion' is now widely acknowledged by many economists as an imperative growth strategy in developing economies. It may be defined as a durable solution, aimed at creating expansive livelihood opportunities through enhanced fin
Published 31 Dec, 2010 12:00am
Used cars age limit: MoC withdraws SRO of December 8

Used cars age limit: MoC withdraws SRO of December 8

The Commerce Ministry on Thursday withdrew its Statutory Regulatory Order (SRO) of December 8, 2010, regarding increase in age limit from three to five years for used cars imported under personal baggage, gift and transfer of residence schemes, well-infor
Published 31 Dec, 2010 12:00am
FIRST WOMEN BANK LTD - Giving women the power to succeed

FIRST WOMEN BANK LTD - Giving women the power to succeed

First Women Bank Ltd., a scheduled commercial bank and DFI designed, managed and run by women, for women, was set up in 1989 by the Islamic world's first woman Prime Minister Mohtarma Benazir Bhutto (Shaheed) who envisioned a bank that would meet the spec
Published 31 Dec, 2010 12:00am
Used cars age limit: MoC withdraws SRO of December 8

Used cars age limit: MoC withdraws SRO of December 8

The Commerce Ministry on Thursday withdrew its Statutory Regulatory Order (SRO) of December 8, 2010, regarding increase in age limit from three to five years for used cars imported under personal baggage, gift and transfer of residence schemes, well-infor
Published 31 Dec, 2010 12:00am
27 percent agriculture credit disbursement target achieved

27 percent agriculture credit disbursement target achieved

Commercial and Specialised banks have achieved 27 percent target of agricultural credit disbursement during first five months of current fiscal year 2010-2011 (FY11). However, year on year basis the disbursement during the period has posted a decline of 1
Published 31 Dec, 2010 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 31 Dec, 2010 12:00am
27 percent agriculture credit disbursement target achieved

27 percent agriculture credit disbursement target achieved

Commercial and Specialised banks have achieved 27 percent target of agricultural credit disbursement during first five months of current fiscal year 2010-2011 (FY11). However, year on year basis the disbursement during the period has posted a decline of 1
Published 31 Dec, 2010 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 31 Dec, 2010 12:00am
27 percent agriculture credit disbursement target achieved

27 percent agriculture credit disbursement target achieved

Commercial and Specialised banks have achieved 27 percent target of agricultural credit disbursement during first five months of current fiscal year 2010-2011 (FY11). However, year on year basis the disbursement during the period has posted a decline of 1
Published 31 Dec, 2010 12:00am
Index crosses 12,000 level

Index crosses 12,000 level

The local share market witnessed bullish trend on Thursday and the benchmark KSE-100 Index breached 12,000 psychological level to close at 30-month highest level of 12,031.46 points with a net gain of 145.44 points. The foreign investors support continued
Published 31 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 31 Dec, 2010 12:00am
Index crosses 12,000 level

Index crosses 12,000 level

The local share market witnessed bullish trend on Thursday and the benchmark KSE-100 Index breached 12,000 psychological level to close at 30-month highest level of 12,031.46 points with a net gain of 145.44 points. The foreign investors support continued
Published 31 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 31 Dec, 2010 12:00am
Index crosses 12,000 level

Index crosses 12,000 level

The local share market witnessed bullish trend on Thursday and the benchmark KSE-100 Index breached 12,000 psychological level to close at 30-month highest level of 12,031.46 points with a net gain of 145.44 points. The foreign investors support continued
Published 31 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 Thursday (December 30, 2010).

Published 31 Dec, 2010 12:00am
BRIndex30 up 116.27 points

BRIndex30 up 116.27 points

On Thursday, BRIndex30 opened at 8,797.34 points and remained positive throughout the trading session. It touched an intraday high of 8,930.36 points and an intraday low of 8,797.34 points and closed at 8,913.61 points, which was 116.27 points or 1.32 per
Published 31 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 Thursday (December 30, 2010).

Published 31 Dec, 2010 12:00am
BRIndex30 up 116.27 points

BRIndex30 up 116.27 points

On Thursday, BRIndex30 opened at 8,797.34 points and remained positive throughout the trading session. It touched an intraday high of 8,930.36 points and an intraday low of 8,797.34 points and closed at 8,913.61 points, which was 116.27 points or 1.32 per
Published 31 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 Thursday (December 30, 2010).

Published 31 Dec, 2010 12:00am
We won't become part of 'puppet show', says Nawaz

We won't become part of 'puppet show', says Nawaz

Chief of Pakistan Muslim League-Nawaz (PML-N) Nawaz Sharif on Thursday made it clear that his party would neither back a corrupt government nor become part of the ongoing political 'puppet show'.
Published 31 Dec, 2010 12:00am
We won't become part of 'puppet show', says Nawaz

We won't become part of 'puppet show', says Nawaz

Chief of Pakistan Muslim League-Nawaz (PML-N) Nawaz Sharif on Thursday made it clear that his party would neither back a corrupt government nor become part of the ongoing political 'puppet show'.
Published 31 Dec, 2010 12:00am
Stop politics of 'deadlines': Prime Minister

Stop politics of 'deadlines': Prime Minister

While rejecting any threat to the government, Prime Minister Syed Yousuf Raza Gilani on Thursday said that there should be an end to what he described politics of speculations and deadlines about government dismissal.
Published 31 Dec, 2010 12:00am
Stop politics of 'deadlines': Prime Minister

Stop politics of 'deadlines': Prime Minister

While rejecting any threat to the government, Prime Minister Syed Yousuf Raza Gilani on Thursday said that there should be an end to what he described politics of speculations and deadlines about government dismissal.
Published 31 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 Thursday (December 30, 2010).

Published 31 Dec, 2010 12:00am
Senate unanimously passes 19th Amendment Bill

Senate unanimously passes 19th Amendment Bill

The Senate on Thursday unanimously passed 19th Constitutional Amendment Bill with 80 votes in favour and none against, while rejecting two amendments to some clauses. The 19th Amendment Bill, 2010 has already been passed by the National Assembly.
Published 31 Dec, 2010 12:00am
Senate unanimously passes 19th Amendment Bill

Senate unanimously passes 19th Amendment Bill

The Senate on Thursday unanimously passed 19th Constitutional Amendment Bill with 80 votes in favour and none against, while rejecting two amendments to some clauses. The 19th Amendment Bill, 2010 has already been passed by the National Assembly.
Published 31 Dec, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (December 30, 2010).
Published 31 Dec, 2010 12:00am
Senate unanimously passes 19th Amendment Bill

Senate unanimously passes 19th Amendment Bill

The Senate on Thursday unanimously passed 19th Constitutional Amendment Bill with 80 votes in favour and none against, while rejecting two amendments to some clauses. The 19th Amendment Bill, 2010 has already been passed by the National Assembly.
Published 31 Dec, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (December 30, 2010).

Published 31 Dec, 2010 12:00am
PSO set to blacklist UAE firm's local agent

PSO set to blacklist UAE firm's local agent

Pakistan State Oil (PSO) is said to have decided to blacklist a UAE-based Fal Oil Company's local agent and confiscate its $16 million guarantee after two of its fuel oil cargoes were rejected for failing to match the government's specifications, Busin
Published 31 Dec, 2010 12:00am
PSO set to blacklist UAE firm's local agent

PSO set to blacklist UAE firm's local agent

Pakistan State Oil (PSO) is said to have decided to blacklist a UAE-based Fal Oil Company's local agent and confiscate its $16 million guarantee after two of its fuel oil cargoes were rejected for failing to match the government's specifications, Busin
Published 31 Dec, 2010 12:00am
PSO set to blacklist UAE firm''s local agent

PSO set to blacklist UAE firm''s local agent

Pakistan State Oil (PSO) is said to have decided to blacklist a UAE-based Fal Oil Company''s local agent and confiscate its $16 million guarantee after two of its fuel oil cargoes were rejected for failing to match the government''s specifications, Bus
Published 31 Dec, 2010 12:00am
Zardari speaks to Nawaz?

Zardari speaks to Nawaz?

President Asif Ali Zardari on Thursday telephoned Pakistan Muslim League (N) chief Nawaz Sharif, a private TV channel reported. According to the channel, both the leaders discussed current political situation in the country and other issues. Quoting unnam
Published 31 Dec, 2010 12:00am
Zardari speaks to Nawaz?

Zardari speaks to Nawaz?

President Asif Ali Zardari on Thursday telephoned Pakistan Muslim League (N) chief Nawaz Sharif, a private TV channel reported. According to the channel, both the leaders discussed current political situation in the country and other issues. Quoting unnam
Published 31 Dec, 2010 12:00am
UK cable in 1980 said Israel ready to use A-bomb

UK cable in 1980 said Israel ready to use A-bomb

A British ambassador to Israel warned as early as 1980 that Israel would detonate a nuclear bomb in case of a new war with the Arabs, according to previously secret state documents released on Thursday. "If they (Israelis) are to be destroyed, they will g
Published 31 Dec, 2010 12:00am
UK cable in 1980 said Israel ready to use A-bomb

UK cable in 1980 said Israel ready to use A-bomb

A British ambassador to Israel warned as early as 1980 that Israel would detonate a nuclear bomb in case of a new war with the Arabs, according to previously secret state documents released on Thursday. "If they (Israelis) are to be destroyed, they will g
Published 31 Dec, 2010 12:00am
Ahmadinejad got slapped by top Revolutionary Guard: cable

Ahmadinejad got slapped by top Revolutionary Guard: cable

The chief of the Revolutionary Guard angrily slapped Iranian President Mahmoud Ahmadinejad in early 2010, as Tehran was still dealing with the fallout from last year's election, according to a leaked US diplomatic cable.
Published 31 Dec, 2010 12:00am
Ahmadinejad got slapped by top Revolutionary Guard: cable

Ahmadinejad got slapped by top Revolutionary Guard: cable

The chief of the Revolutionary Guard angrily slapped Iranian President Mahmoud Ahmadinejad in early 2010, as Tehran was still dealing with the fallout from last year's election, according to a leaked US diplomatic cable.
Published 31 Dec, 2010 12:00am
Taxpayers must enter all eight digits of NTN: FBR

Taxpayers must enter all eight digits of NTN: FBR

The Federal Board of Revenue has directed the corporate sector, withholding agents and other categories of taxpayers to enter all eight digits in the boxes on the printed National Tax Number (NTN) form instead of existing seven digits NTN from January 1,
Published 31 Dec, 2010 12:00am
Taxpayers must enter all eight digits of NTN: FBR

Taxpayers must enter all eight digits of NTN: FBR

The Federal Board of Revenue has directed the corporate sector, withholding agents and other categories of taxpayers to enter all eight digits in the boxes on the printed National Tax Number (NTN) form instead of existing seven digits NTN from January 1,
Published 31 Dec, 2010 12:00am
Taxpayers must enter all eight digits of NTN: FBR

Taxpayers must enter all eight digits of NTN: FBR

The Federal Board of Revenue has directed the corporate sector, withholding agents and other categories of taxpayers to enter all eight digits in the boxes on the printed National Tax Number (NTN) form instead of existing seven digits NTN from January 1,
Published 31 Dec, 2010 12:00am
West quickly agreed to back Afghan resistance in 1980: files

West quickly agreed to back Afghan resistance in 1980: files

Western powers met in secret soon after the Soviet invasion of Afghanistan and formed plans to back Islamic resistance, according to British files from 1980 released Thursday. Senior officials from Britain, France, then West Germany and the United States
Published 31 Dec, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (December 30, 2010).

Published 31 Dec, 2010 12:00am
West quickly agreed to back Afghan resistance in 1980: files

West quickly agreed to back Afghan resistance in 1980: files

Western powers met in secret soon after the Soviet invasion of Afghanistan and formed plans to back Islamic resistance, according to British files from 1980 released Thursday. Senior officials from Britain, France, then West Germany and the United States
Published 31 Dec, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (December 30, 2010).

Published 31 Dec, 2010 12:00am
Traders support today's strike

Traders support today's strike

Traders of Karachi on Thursday announced to join the strike called by religious parties for Friday (today) against the perceived efforts of the government to amend the blasphemy law Chairman All Karachi Tajir Ittehad, Muhammad Atiq Mir told Business Re
Published 31 Dec, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (December 30, 2010).

Published 31 Dec, 2010 12:00am
Traders support today's strike

Traders support today's strike

Traders of Karachi on Thursday announced to join the strike called by religious parties for Friday (today) against the perceived efforts of the government to amend the blasphemy law Chairman All Karachi Tajir Ittehad, Muhammad Atiq Mir told Business Re
Published 31 Dec, 2010 12:00am
Traders support today''s strike

Traders support today''s strike

Traders of Karachi on Thursday announced to join the strike called by religious parties for Friday (today) against the perceived efforts of the government to amend the blasphemy law Chairman All Karachi Tajir Ittehad, Muhammad Atiq Mir told Business Re
Published 31 Dec, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 Dec, 2010 12:00am
Venezuela sets single exchange rate for US dollar

Venezuela sets single exchange rate for US dollar

From January 1 Venezuela will have a single exchange rate for the US dollar, Venezuelan Finance Minister Jorge Giordani said Thursday. It will now take 4.30 Venezuelan bolivars to buy a dollar, Giordani said on the state-run VTV network. The measure elimi
Published 31 Dec, 2010 12:00am
Venezuela sets single exchange rate for US dollar

Venezuela sets single exchange rate for US dollar

From January 1 Venezuela will have a single exchange rate for the US dollar, Venezuelan Finance Minister Jorge Giordani said Thursday. It will now take 4.30 Venezuelan bolivars to buy a dollar, Giordani said on the state-run VTV network. The measure elimi
Published 31 Dec, 2010 12:00am
Venezuela sets single exchange rate for US dollar

Venezuela sets single exchange rate for US dollar

From January 1 Venezuela will have a single exchange rate for the US dollar, Venezuelan Finance Minister Jorge Giordani said Thursday. It will now take 4.30 Venezuelan bolivars to buy a dollar, Giordani said on the state-run VTV network. The measure elimi
Published 31 Dec, 2010 12:00am
Previous Day