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Archive - 2011-01-04
Sugar import - think rational
BR Research

Sugar import - think rational

No news is good news - at least when it comes to the sugar industry of Pakistan. The last few days of 2010 were happily going by without muc
Published 04 Jan, 2011 12:00am
SBP issues PIB auction calendar

SBP issues PIB auction calendar

Auction target calendar for sale of Government of Pakistan Investment Bonds for 3-, 5-, 7-, 10, Years (Re-opening of July 22, 2010 issue) and 15-, 20- & 30 years (Re-opening of August 30, 2008 issue) for the period January to March, 2011 is as follows: </
Published 04 Jan, 2011 12:00am
MTBs auction calendar and targets unveiled

MTBs auction calendar and targets unveiled

The State Bank of Pakistan on Monday issued auction target calendar for sale of Government of Pakistan Market Treasury Bills 3-Months, 6-Months & 12-Months for the 3rd Quarter of FY11 (from January to March 2011) mentioned below.

Published 04 Jan, 2011 12:00am
MTBs auction calendar and targets unveiled

MTBs auction calendar and targets unveiled

The State Bank of Pakistan on Monday issued auction target calendar for sale of Government of Pakistan Market Treasury Bills 3-Months, 6-Months & 12-Months for the 3rd Quarter of FY11 (from January to March 2011) mentioned below.

Published 04 Jan, 2011 12:00am
President condoles Dr Nasir's death

President condoles Dr Nasir's death

President Asif Ali Zardari on Monday expressed his sorrow and grief over the death of Dr Nasir Farooq, son of renowned editor and journalist Sharif Farooq. The President prayed to Allah Almighty to rest the departed soul in eternal peace and grant courage
Published 04 Jan, 2011 12:00am
International Road Show for Halal industry development

International Road Show for Halal industry development

Halal Research Council (HRC) has announced to organise a Road Show on Halal Industry starting from February 1, 2011. According to a press release issued on Monday, in the first phase of this road show, 150 seminars in different chambers of commerce, trade
Published 04 Jan, 2011 12:00am
'Winter Rescue Flood Relief Medical Camp' organised

'Winter Rescue Flood Relief Medical Camp' organised

A team of Serving Hands Organisation organised a two day Winter Rescue Flood Relief Medical Camp dedicated to Shaikh Jassim Bin Ali Al-Thani, Modern Electrical Supplies Co of Doha Qatar and NIB Bank for the flood hit areas of Sehwan and Dadu.
Published 04 Jan, 2011 12:00am
Small traders threaten countrywide agitation

Small traders threaten countrywide agitation

Small traders are likely to stage countrywide protests if the government failed to resolve their problems, besides bringing down the soaring inflation and high electricity and gas tariffs.
Published 04 Jan, 2011 12:00am
SU vice chancellor presides over deans' council meeting

SU vice chancellor presides over deans' council meeting

Vice Chancellor, University of Sindh, Professor Dr Nazir A. Mughal has informed deans of faculties that he will start checking schedule of student meeting hours dedicated by teachers, to be posted by faculty members in front of their offices, besides allo
Published 04 Jan, 2011 12:00am
Suspension of police officials: Chief Justice LHC dismisses petition

Suspension of police officials: Chief Justice LHC dismisses petition

Lahore High Court Chief Justice, Ijaz Ahmad Chaudhry Monday dismissed a petition filed earlier by as many as 15 inspectors of Punjab police, questioning their suspension and transfer to police lines. The court, while dismissing the petition of Saifullah a
Published 04 Jan, 2011 12:00am
Ijara Sukuk tender

Ijara Sukuk tender

Tenders for sale of 3-year Government of Pakistan Ijara Sukuk (GIS) have been invited by the Director, Domestic Markets & Monetary Management Department (DMMD), State Bank of Pakistan, from the designated primary dealers in accordance with the provisions
Published 04 Jan, 2011 12:00am
Ijara Sukuk tender

Ijara Sukuk tender

Tenders for sale of 3-year Government of Pakistan Ijara Sukuk (GIS) have been invited by the Director, Domestic Markets & Monetary Management Department (DMMD), State Bank of Pakistan, from the designated primary dealers in accordance with the provisions
Published 04 Jan, 2011 12:00am
JCR-VIS assigns positive outlook to IFS rating of NJI

JCR-VIS assigns positive outlook to IFS rating of NJI

JCR-VIS Credit Rating Company Ltd, (JCR-VIS) has maintained the Insurer Financial Strength (IFS) rating of New Jubilee Insurance Company Limited (NJ1) at 'AA' (double A). Outlook on the assigned rating has been revised from 'Stable' to 'Positive'.
Published 04 Jan, 2011 12:00am
JCR-VIS assigns positive outlook to IFS rating of NJI

JCR-VIS assigns positive outlook to IFS rating of NJI

JCR-VIS Credit Rating Company Ltd, (JCR-VIS) has maintained the Insurer Financial Strength (IFS) rating of New Jubilee Insurance Company Limited (NJ1) at 'AA' (double A). Outlook on the assigned rating has been revised from 'Stable' to 'Positive'.
Published 04 Jan, 2011 12:00am
Pak-Kuwait Takaful's IFS rating reaffirmed

Pak-Kuwait Takaful's IFS rating reaffirmed

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength (IFS) Rating of Pak-Kuwait Takaful Company Limited (PKTCL) at 'A-' (Single A Minus). Outlook on the assigned rating is 'Stable'. Business volumes continued to grow and whi
Published 04 Jan, 2011 12:00am
Pak-Kuwait Takaful's IFS rating reaffirmed

Pak-Kuwait Takaful's IFS rating reaffirmed

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength (IFS) Rating of Pak-Kuwait Takaful Company Limited (PKTCL) at 'A-' (Single A Minus). Outlook on the assigned rating is 'Stable'. Business volumes continued to grow and whi
Published 04 Jan, 2011 12:00am
Amtex Sukuk assigned 'D' rating

Amtex Sukuk assigned 'D' rating

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned a 'D' rating to the five-year privately placed Sukuk of Rs 65O million issued by Amtex Limited (Amtex) on account of non-payment of its latest instalment due. The previous rating of 'A' assigned
Published 04 Jan, 2011 12:00am
Amtex Sukuk assigned 'D' rating

Amtex Sukuk assigned 'D' rating

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned a 'D' rating to the five-year privately placed Sukuk of Rs 65O million issued by Amtex Limited (Amtex) on account of non-payment of its latest instalment due. The previous rating of 'A' assigned
Published 04 Jan, 2011 12:00am
LHC issues notices to Managing Director SNGPL

LHC issues notices to Managing Director SNGPL

The Lahore High Court on Monday issued notices for Tuesday (today) to Managing Director SNGPL, General Manager and Director Billing in a petition of a citizen who received gas bill of Rs 950,000 for the month of December, 2010. Petitioner Muhammad Amjad c
Published 04 Jan, 2011 12:00am
Nadra gets another contract from Nigeria

Nadra gets another contract from Nigeria

National Database and Registration Authority (Nadra) has obtained another multi-million dollar international contract of System Integration Services and issuance of National Identity document from Nigeria. The Presidency, National Identity Management Comm
Published 04 Jan, 2011 12:00am
Meezan Bank set up network of 222 branches

Meezan Bank set up network of 222 branches

Meezan Bank Limited has achieved a milestone by establishing a branch network of 222 branches in 63 cities across Pakistan within a short span of eight years. An announcement to this effect was made in a statement issued here on Monday. It said Meezan Ban
Published 04 Jan, 2011 12:00am
'Pharma growth is declining'

'Pharma growth is declining'

In an exclusive interview with Business Recorder staff reporters Wasim Iqbal and Tahir Amin, Chairman of D. Watson group, Founder member of Islamabad chamber of commerce and industries, Head of cultural wing Pakistan Muslim League, Zafar Bakhtawari
Published 04 Jan, 2011 12:00am
Hotels in Kaghan get two years' tax waiver

Hotels in Kaghan get two years' tax waiver

The provincial government of Khyber Pakhtunkhwa unanimously adopted Khyber Pakhtunkhwa Finance (Amendment) Bill 2010 to exempt hotels in Kaghan Valley tax for a period of two years. The provincial Minister for Law and Parliamentary Affairs, Arshad Abdulla
Published 04 Jan, 2011 12:00am
Partial eclipse of sun today

Partial eclipse of sun today

A partial eclipse of sun will be visible in Europe, North Africa and Central Asia, including Pakistan, on Tuesday. According to a spokesman of the Pakistan Meteorological Department (PMD), the eclipse will begin at 11:40 PST and end at 16:01 PST. The grea
Published 04 Jan, 2011 12:00am
Cotton prices may stay around Rs 9,000 till next quarter end

Cotton prices may stay around Rs 9,000 till next quarter end

Periodical report on cotton arrivals and disposals for the second fortnight of December month has been released by the Cotton Ginners" Association. According to this report, total seed-cotton equivalent to 10.24 million local weight bales have reached gin
Published 04 Jan, 2011 12:00am
Cotton prices may stay around Rs 9,000 till next quarter end

Cotton prices may stay around Rs 9,000 till next quarter end

Periodical report on cotton arrivals and disposals for the second fortnight of December month has been released by the Cotton Ginners" Association. According to this report, total seed-cotton equivalent to 10.24 million local weight bales have reached gin
Published 04 Jan, 2011 12:00am
Need for compromise to end impasse

Need for compromise to end impasse

In the backdrop of mounting differences between the two principal coalition partners, the Muttahida Qaumi Movement's decision to part ways with the Pakistan People's Party at Centre was not entirely unexpected, but it was still stunning as it came.
Published 04 Jan, 2011 12:00am
Increase in NSS rates

Increase in NSS rates

As per the mandatory requirement of reviewing the rates every quarter, the Federal Government announced an increase in the rates of profit on various saving schemes offered by the Central Directorate of National Savings (CDNS) with effect from 1st January
Published 04 Jan, 2011 12:00am
What's in store for 2011?

What's in store for 2011?

Coalition partners are quitting the government because, belatedly, they have realised that the regime has caused lasting damage to the economy - a reality also accepted in a seminar at the Pakistan Institute of Development Economics (PIDE) on December 30,
Published 04 Jan, 2011 12:00am
Chinese cars make inroads in Myanmar market Ko Ko

Chinese cars make inroads in Myanmar market Ko Ko

Min Min yawned as he gazed at the compound of his second-hand cars dealership in Yangon."I come here every day as usual but go back home without a single kyat in sales," Min Min, 45, said. Myanmar's market for second-hand cars shifted into low gear last y
Published 04 Jan, 2011 12:00am
Keynesian economics

Keynesian economics

Apropos 'Year 2011 doesn't look very promising' carried by Business Recorder on Monday, Keynesian economics is demand-side economics. It addresses the issue of policy response to business cycles, which are demand-driven. Keynesian economists believ
Published 04 Jan, 2011 12:00am
PCA flays hike in POL prices

PCA flays hike in POL prices

Pakistan Computer Association (PCA) has strongly reacted to major increase in petroleum products prices, terming it an unwise move that would further increase cost of doing business and affect exports.
Published 04 Jan, 2011 12:00am
Transporters in twin cities likely to increase fares by five percent

Transporters in twin cities likely to increase fares by five percent

In the wake of POL product price hike, transporters in the twin cities of Rawalpindi/Islamabad are likely to increase fares by 5 percent whereas fares on inter-city transport plying on different routes have risen by 10 percent. A meeting of the Chief Comm
Published 04 Jan, 2011 12:00am
'FPCCI to play role of a bridge between govt, business community'

'FPCCI to play role of a bridge between govt, business community'

The newly elected president of the Federation of Pakistan Chamber of Commerce & Industry (FPCCI), Senator Haji Ghulam Ali has said that he will play the role of bridge between the government and business community. Talking to media after the culmination o
Published 04 Jan, 2011 12:00am
NIB Bank helps in flood relief operation

NIB Bank helps in flood relief operation

A team of Serving Hands Organisation (SHO) organised a 2-day Winter Rescue Flood Relief Medical Camp dedicated to Shaikh Jassim bin Ali al-Thani, Modern Electrical Supplies Co of Doha Qatar and NIB Bank for the flood hit areas of Sehwan and Dadu.
Published 04 Jan, 2011 12:00am
Third meeting of Tax Reform Coordination Group on January 5

Third meeting of Tax Reform Coordination Group on January 5

The third meeting of the Tax Reform Coordination Group (TRCG) will be convened in the Ministry of Finance on January 5, 2010. It will be presided over by Finance Minister Dr Hafeez Shaikh. Sources told Business Recorder here on Monday that the Fina
Published 04 Jan, 2011 12:00am
Transporters to decide future course of action today

Transporters to decide future course of action today

The transporters would decide future course of action in connection with increasing the fares by Rs 2 after the recent price hike of petroleum products in an emergency meeting on Tuesday (today).
Published 04 Jan, 2011 12:00am
Two key Taliban commanders arrested

Two key Taliban commanders arrested

The security forces and police during a joint operation arrested two key Taliban commanders from Akora Khattak in district Nowshera and shifted them to undisclosed location for interrogation. Police sources said on Monday an important member of Tehreek-e-
Published 04 Jan, 2011 12:00am
Taimur Azmat made Information Secretary

Taimur Azmat made Information Secretary

The government on Monday replaced the Information Secretary Mansoor Sohail with Taimur Azmat, who has been working as Additional Secretary in the President Secretariat. Establishment Division has issued notification of his transfer. Mansoor Sohail was tra
Published 04 Jan, 2011 12:00am
Pakistan wants peace with honour, dignity: Qamar

Pakistan wants peace with honour, dignity: Qamar

The geo-political situation has undergone radical changes especially over the past few years. Pakistan today stands committed in the war against terrorism alongside the international community. "We want peace with all our neighbours but peace with honour
Published 04 Jan, 2011 12:00am
1,601 outlaws held during 2010

1,601 outlaws held during 2010

Islamabad Police have arrested 1601 outlaws for their alleged involvement in possessing illegal weapons and drug trafficking, recovering 923 kg explosives, 35 Kalashnikovs, 62 rifles, 73 guns, 599 pistols/revolvers, two carbines, 301 magazines, two hand g
Published 04 Jan, 2011 12:00am
Aptma's dinner at presidency by month end

Aptma's dinner at presidency by month end

The President House has moved All Pakistan Textile Mills Association (Aptma)'s annual dinner at Aiwan-e-Sadr from 6th January 2011 to the last week of January. Aptma spokesman said the annual dinner at the President's House would now take place in the las
Published 04 Jan, 2011 12:00am
US MIDDAY: copper extends record run into 2011

US MIDDAY: copper extends record run into 2011

US copper rose to a third successive record high on Monday, extending last year's 33 percent gain on quickening US manufacturing growth and a slow-down in China that tempered fears of further rate rises. Often seen as a good barometer for the global econo
Published 04 Jan, 2011 12:00am
US MIDDAY: gold little changed

US MIDDAY: gold little changed

Gold was little changed on Monday after rising to within $10 of its record high, and silver and palladium hit multi-year peaks, driven by pent-up demand on the first trading day of 2011. Bullion's safe-haven demand was weakened after US data showed manufa
Published 04 Jan, 2011 12:00am
US MIDDAY: grain futures mixed

US MIDDAY: grain futures mixed

Grain futures on the Chicago Board of Trade were mixed on Monday, with wheat surging as heavy rain in Australia further threatened its wheat crop and disrupted grain movement. In addition, a lack of snow cover in the southern US Plains has made frigid tem
Published 04 Jan, 2011 12:00am
Gold touches one-month high in European trade

Gold touches one-month high in European trade

Gold rose to its highest in nearly a month in Europe on Monday, within $10 of its record high, and silver and palladium hit multi-year peaks, driven by pent-up demand on the first trading day of 2011. While a firm dollar limited gains, expectations for mo
Published 04 Jan, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold prices were steady on Monday, after posting a 30 percent gain last year, and silver rose to a 30-year peak above $31 on a bullish market outlook for this year, but a stronger dollar weighed. The dollar gained nearly half a percent on Monday, bu
Published 04 Jan, 2011 12:00am
Malaysian palm oil hits new 33-month top

Malaysian palm oil hits new 33-month top

Malaysian crude palm oil hit a new 33-month high on Monday as robust demand chases tightening supplies and investors continue to place bets on commodities after a strong performance last year. Palm oil prices, which rose 42.2 percent in 2010, are underpin
Published 04 Jan, 2011 12:00am
Australia's floods may disrupt grain movement for weeks

Australia's floods may disrupt grain movement for weeks

Floods in Australia's Queensland could disrput grains supply for weeks, top grains handler GrainCorp Ltd said on Monday, further delaying the transportation to market of the country's waterlogged wheat crop. Even ahead of the latest deluge, Australia's we
Published 04 Jan, 2011 12:00am
Turkmenistan revises raw cotton crop

Turkmenistan revises raw cotton crop

Turkmenistan has revised its 2010 raw cotton harvest to 1.3 million tonnes from 1.0 million tonnes, a government official told Reuters on Monday, saying that good weather was a major factor behind the higher crop. Turkmenistan, one of the world's main cot
Published 04 Jan, 2011 12:00am
Honduras coffee exports jump 172 percent

Honduras coffee exports jump 172 percent

Coffee exports from Honduras jumped 172 percent in December to 404,603 60-kg bags, the national coffee institute said on Monday, on good weather, high international prices and deferred exports from November. Wet weather limited Honduran coffee exports in
Published 04 Jan, 2011 12:00am
Oil rises on economic data, cold forecasts

Oil rises on economic data, cold forecasts

Oil jumped 1 percent to a 26-month high above $92 a barrel on Monday as upbeat European and US manufacturing data and forecasts for cold weather stoked energy demand expectations. Manufacturing in the United States and Europe accelerated in December and g
Published 04 Jan, 2011 12:00am
Oil nears $100, 2008-style surge not in cards

Oil nears $100, 2008-style surge not in cards

Nearly three years to the day after oil prices first pierced $100 a barrel, they are again threatening to break triple digits on a wave of fund-led optimism, but similarities between 2008 and 2011 end there. Even the most bullish analysts are quick to rec
Published 04 Jan, 2011 12:00am
New York cotton settles weak in options-related pressure

New York cotton settles weak in options-related pressure

US cotton futures finished quietly lower on Monday, reversing lower in options-related trade following recent volatile dealings that pushed the market up nearly 92 percent in 2010, dealers said. "Starting the New Year here, we continue to hear of demand r
Published 04 Jan, 2011 12:00am
China says it knows how to reprocess nuclear fuel

China says it knows how to reprocess nuclear fuel

Chinese scientists have mastered the technology for reprocessing fuel from nuclear power plants, potentially boosting the supplies of carbon-free electricity to keep the country's economy booming, state television reported Monday. The breakthrough will ex
Published 04 Jan, 2011 12:00am
World's longest-running soap celebrates 60th anniversary

World's longest-running soap celebrates 60th anniversary

"The Archers", the world's longest-running soap opera, celebrated its 60th birthday over the New Year long weekend with a major storyline set to shake up the BBC radio serial. Feted by some as the essence of Englishness, "The Archers" features everyday ta
Published 04 Jan, 2011 12:00am
Germany denies it plans secret spy project with US

Germany denies it plans secret spy project with US

Germany's aerospace centre denied Monday that it is working with the US on a $270 million high-tech secret spy program, insisting that its plans for a high-resolution optical satellite have purely scientific and security uses.
Published 04 Jan, 2011 12:00am
80 African migrants feared drowned off Yemen

80 African migrants feared drowned off Yemen

As many as 80 African migrants, mostly Ethiopians, were feared drowned after two boats capsized off the coast of south Yemen, the interior ministry said on Monday. "The accident was caused by high winds and a tsunami which capsized the two boats taking th
Published 04 Jan, 2011 12:00am
Australian floods submerge towns, coal exports hit

Australian floods submerge towns, coal exports hit

Military aircraft ferried supplies to an Australian town slowly sinking beneath swollen rivers on Monday, as record flooding in the country's north-east severed roads and ports, curtailing coal exports and devastating farmland.
Published 04 Jan, 2011 12:00am
Natural disasters killed 295,000 in 2010

Natural disasters killed 295,000 in 2010

The Haiti earthquake and floods in Pakistan and China helped make 2010 an exceptional year for natural disasters, killing 295,000 and costing 130 billion dollars, the world's top reinsurer said Monday. "The high number of weather-related natural catastrop
Published 04 Jan, 2011 12:00am
Karzai's spokesman resigns

Karzai's spokesman resigns

Afghan President Hamid Karzai's chief spokesman said Monday he had resigned, dealing a blow to the Western-backed Kabul administration. Waheed Omer, who has held the job since early 2010, told journalists that the move was "my personal decision" and "not
Published 04 Jan, 2011 12:00am
Israel arrests two British consulate staff in gun probe

Israel arrests two British consulate staff in gun probe

Israel said on Monday it had charged two local employees of the British Consulate General in Jerusalem with arms trafficking as part of an investigation into an alleged plot to fire a rocket into a football stadium. A British Foreign and Commonwealth Offi
Published 04 Jan, 2011 12:00am
Asia aid convoy activists enter Gaza Strip

Asia aid convoy activists enter Gaza Strip

Around 100 pro-Palestinian activists, part of an aid convoy from Asia, crossed into the Gaza Strip from Egypt early Monday, an AFP photographer said. The convoy's aid cargo is expected to arrive in Gaza later Monday, after travelling separately from Syria
Published 04 Jan, 2011 12:00am
Obama signs health bill for 9/11 responders

Obama signs health bill for 9/11 responders

US President Barack Obama signed into law Sunday a bill to compensate emergency responders sickened in the rubble of the September 11 attacks, the White House said. "We will never forget the selfless courage demonstrated by the fire-fighters, police offic
Published 04 Jan, 2011 12:00am
Nigeria's president sets out anti-terror plans

Nigeria's president sets out anti-terror plans

Nigerian President Goodluck Jonathan announced a series of anti-terrorism initiatives on Monday as he looks to regain control after a wave of attacks in the last week of 2010 rocked Africa's most populous nation. Jonathan is preparing to contest in ruling
Published 04 Jan, 2011 12:00am
Afghanistan violence had to get worse to get better: Nato

Afghanistan violence had to get worse to get better: Nato

Violence levels in Afghanistan had to get worse before they got better, a spokesman for the US-led Nato force in the war-torn country said Monday, after its bloodiest year yet in the war. Brigadier General Josef Blotz said that troops from the 140,000-str
Published 04 Jan, 2011 12:00am
Violence leaves five dead

Violence leaves five dead

Gunmen opened fire in a mosque north-west of the Afghan capital, killing four civilians, while a fifth was killed in a bombing outside a butcher's shop in the western part of the country, officials said Monday. The shop in Herat supplies meat to the Afgha
Published 04 Jan, 2011 12:00am
Senator proposes permanent US bases in Afghanistan

Senator proposes permanent US bases in Afghanistan

A leading Republican lawmaker on US military policy says he wants American officials to consider establishing permanent military bases in Afghanistan. Senator Lindsay Graham of South Carolina says that having a few US air bases in Afghanistan would be a b
Published 04 Jan, 2011 12:00am
Pedro fires Barca clear, Valencia sneak late win

Pedro fires Barca clear, Valencia sneak late win

Pedro scored twice as Barcelona made heavy weather of beating promoted Levante 2-1 to move five points clear at the top of La Liga on Sunday. The champions, with 46 points from 17 matches, pulled away from second-placed Real Madrid who visit local rivals
Published 04 Jan, 2011 12:00am
Khawaja shines as Australia waste early hard work

Khawaja shines as Australia waste early hard work

Australia wasted a solid start on the rain-marred opening day of the final Ashes match against England at the Sydney Cricket Ground on Monday, despite a confident Test debut by Usman Khawaja. The Pakistan-born Khawaja, 24, the first Muslim to play a Test
Published 04 Jan, 2011 12:00am
Afridi not certain to lead Pakistan in World Cup

Afridi not certain to lead Pakistan in World Cup

Pakistan ODI and T-20 skipper Shahid Afridi is currently not assured of leading Pakistan in the forthcoming World Cup as his performance has not impressed Pakistan Cricket Board (PCB) members. "Afridi's recent performances as captain have not impressed to
Published 04 Jan, 2011 12:00am
Kallis takes 2nd place on all-time Test centurions list

Kallis takes 2nd place on all-time Test centurions list

Gautam Gambhir and Sachin Tendulkar ground out the first century partnership of the match as India overcame the loss of two early wickets on the second day of the third and final Test against South Africa at Newlands on Sunday. Gambhir (65 not out) and Te
Published 04 Jan, 2011 12:00am
Bulgarian football league's mafia links exposed: cables

Bulgarian football league's mafia links exposed: cables

Some of Bulgaria's most popular football clubs have ties with mafia bosses, who use them to launder money, according to a US diplomatic document revealed by whistle-blowing website WikiLeaks. "Bulgarian soccer clubs are widely believed to be directly or i
Published 04 Jan, 2011 12:00am
Indian rupee unchanged

Indian rupee unchanged

The Indian rupee had a muted start to 2011, ending unchanged on Monday as positive factors including higher local shares, capital inflows and firm Asian peers were offset by importer dollar demand and global dollar gains. The partially convertible rupee e
Published 04 Jan, 2011 12:00am
Public bond purchases fall to 164 million euros: ECB

Public bond purchases fall to 164 million euros: ECB

The European Central Bank said Monday that its government bond purchases dropped to just 164 million euros (218 billion dollars) last week, the lowest amount since late October. Total accumulated purchases of public debt from the commercial banks under th
Published 04 Jan, 2011 12:00am
Public bond purchases fall to 164 million euros: ECB

Public bond purchases fall to 164 million euros: ECB

The European Central Bank said Monday that its government bond purchases dropped to just 164 million euros (218 billion dollars) last week, the lowest amount since late October. Total accumulated purchases of public debt from the commercial banks under th
Published 04 Jan, 2011 12:00am
Factory output ease slightly in Asia; exports boost eurozone

Factory output ease slightly in Asia; exports boost eurozone

Factory output growth eased only slightly in Asia in December and offered an upbeat end to a fraught 2010 for the eurozone, with signs that growth in export orders was filtering through to the region's periphery. Surging new orders and a fast-improving la
Published 04 Jan, 2011 12:00am
Indian police make new arrest in Citibank scam

Indian police make new arrest in Citibank scam

Indian police arrested a senior executive of the country's biggest motorcycle maker on Monday in connection with a multimillion-dollar fraud involving a local Citibank branch, police said. Sanjay Gupta, associate vice president of Hero Corporate Services,
Published 04 Jan, 2011 12:00am
India begins tax probe into Kraft's Cadbury purchase

India begins tax probe into Kraft's Cadbury purchase

India's finance ministry has launched a probe into the takeover by Illinois-based Kraft Foods of British confectionery giant Cadbury that could see the US company hit with a huge tax bill, a report said Monday. The ministry has begun looking into the deal
Published 04 Jan, 2011 12:00am
Iraq and Jordan agree on building oil pipeline

Iraq and Jordan agree on building oil pipeline

Iraq and Jordan have agreed in principle on building a pipeline to supply Jordan with crude oil for the coming decades, officials of the neighbouring countries said on Monday during a visit by Jordan's prime minister. Ali al-Dabbagh, spokesman for the gov
Published 04 Jan, 2011 12:00am
Singapore's economy at record high

Singapore's economy at record high

Singapore's economy grew 12.5 percent in the fourth quarter of 2010, a record year in which the city state was Asia's strongest economic performer, government figures showed Monday. Singapore grew 14.7 percent for the year as a whole, the figures confirme
Published 04 Jan, 2011 12:00am
Home prices jump

Home prices jump

Singapore home prices rose to record highs in the fourth quarter but the pace of increase declined, government data showed on Monday, suggesting authorities may hold off introducing new measures to cool the housing market. The Urban Redevelopment Authorit
Published 04 Jan, 2011 12:00am
New Zealand launches Hong Kong trade agreement

New Zealand launches Hong Kong trade agreement

New Zealand and Hong Kong launched a Closer Economic Partnership (CEP) Monday which New Zealand Trade Minister Tim Groser said was part of a regional drive towards trade growth through liberalisation. "I am pleased to confirm that Hong Kong and New Zealan
Published 04 Jan, 2011 12:00am
Expedia suspends American Airlines ticket sale

Expedia suspends American Airlines ticket sale

Internet-based travel company Expedia said Sunday it has suspended the sale of American Airlines tickets from its website, calling American's new direct marketing strategy "anti-consumer and anti-choice." "As a result, the sale of American Airlines flight
Published 04 Jan, 2011 12:00am
No immediate plans to merge Fiat and Chrysler: CEO

No immediate plans to merge Fiat and Chrysler: CEO

Fiat and Chrysler chief executive Sergio Marchionne said he had no immediate plans to merge the two automakers as shares in a new stripped-down Fiat began trading on the stock exchange on Monday. But Fiat may raise its stake in Chrysler, which it saved fr
Published 04 Jan, 2011 12:00am
BofA in settlement with Fannie Mae, Freddie Mac

BofA in settlement with Fannie Mae, Freddie Mac

Bank of America Corp said it agreed to pay Fannie Mae and Freddie Mac $2.8 billion to settle claims that it sold the mortgage finance companies bad home loans. Bank of America shares climbed 3.5 percent in pre-market trading Monday. Investors have been wo
Published 04 Jan, 2011 12:00am
US manufacturing grows, bolsters 2011 outlook

US manufacturing grows, bolsters 2011 outlook

US manufacturing grew at its fastest pace in seven months in December, extending a recent run of encouraging economic data and suggesting that expansion of the world's biggest economy will accelerate in 2011. The Institute for Supply Management's national
Published 04 Jan, 2011 12:00am
US diplomats pushed Boeing deals: cables

US diplomats pushed Boeing deals: cables

US diplomats have on several occasions intervened to convince foreign governments to buy aircraft from Boeing rather than its European rival Airbus, newly released diplomatic cables show. The cables, obtained by the New York Times from the whistleblower w
Published 04 Jan, 2011 12:00am
Goldman Sachs returned to M&A top spot in 2010

Goldman Sachs returned to M&A top spot in 2010

Goldman Sachs was the top global mergers and acquisitions adviser last year, retaking the position from rival Morgan Stanley, which derailed its multiyear grip on the ranking in 2009. Investment banks Goldman Sachs and Morgan Stanley have been neck-and-ne
Published 04 Jan, 2011 12:00am
Apple woes continue as some sleep in Asia, Europe

Apple woes continue as some sleep in Asia, Europe

Some iPhone users in Asia and Europe complained of malfunctioning alarms on the first working day of 2011, even after Apple reassured users that its phones' built-in clocks will work from Monday. Bloggers, Facebook and Twitter users complained they missed
Published 04 Jan, 2011 12:00am
Hungary and EU at odds over taxes, media law

Hungary and EU at odds over taxes, media law

Hungary's EU presidency, already clouded by a press freedom row, stumbled further on its first working day when the European Commission said it was investigating the legality of "crisis taxes" imposed by the centre-right government. The Commission said on
Published 04 Jan, 2011 12:00am
Taiwan dollar hovers near 13-year high

Taiwan dollar hovers near 13-year high

The Taiwan dollar hovered around a 13-year high and the South Korean won hit a six-week peak, leading overall gains in Asian currencies, as investors resumed buying assets in the region on the first trading day of 2011. Asian currencies are expected to st
Published 04 Jan, 2011 12:00am
Moody's cuts Dubai Holding unit bonds on credit deal

Moody's cuts Dubai Holding unit bonds on credit deal

Credit rating agency Moody's downgraded the bonds of Dubai Holding Commercial Operations Group (DHCOG) on Monday, citing a deal with lenders to convert a $555 million revolving credit facility into a five-year term loan. Moody's downgraded the notes of co
Published 04 Jan, 2011 12:00am
Moody's cuts Dubai Holding unit bonds on credit deal

Moody's cuts Dubai Holding unit bonds on credit deal

Credit rating agency Moody's downgraded the bonds of Dubai Holding Commercial Operations Group (DHCOG) on Monday, citing a deal with lenders to convert a $555 million revolving credit facility into a five-year term loan. Moody's downgraded the notes of co
Published 04 Jan, 2011 12:00am
Swiss franc hits all time highs versus euro, dollar

Swiss franc hits all time highs versus euro, dollar

The Swiss franc strengthened against the euro on Monday, pushing back towards its December 30 all-time high and recovering losses incurred in thin New Year's Eve trading as traders covered short euro positions. A story in Britain's Telegraph newspaper say
Published 04 Jan, 2011 12:00am
Mexico peso hits six-week high

Mexico peso hits six-week high

Mexico's peso jumped to a six-week high on Monday after a solid US manufacturing survey fed hopes that Mexico's export dependent factories will post strong growth in the new year. The peso gained 1.04 percent to 12.2380 per dollar, its strongest since Nov
Published 04 Jan, 2011 12:00am
Italy sells bonds

Italy sells bonds

Italian bond futures rose on Thursday after a sale of government debt which met modest demand in thin year-end markets, while German government bonds were pulled up by a rally in US Treasuries. Italy sold 6 billion euros of three- and 10-year BTPs, and 2.
Published 04 Jan, 2011 12:00am
Italy sells bonds

Italy sells bonds

Italian bond futures rose on Thursday after a sale of government debt which met modest demand in thin year-end markets, while German government bonds were pulled up by a rally in US Treasuries. Italy sold 6 billion euros of three- and 10-year BTPs, and 2.
Published 04 Jan, 2011 12:00am
Key Euribor rates fall as new year gets under way

Key Euribor rates fall as new year gets under way

Key euro-priced bank-to-bank lending rates started 2011 lower on Monday, pushed down by massive excess market liquidity and the ECB's pledge to keep providing banks with unlimited cash until at least April.
Published 04 Jan, 2011 12:00am
Midday trade in New York: euro rallies versus most currencies

Midday trade in New York: euro rallies versus most currencies

The euro rallied broadly but was slightly lower against the dollar on Monday as US stocks rose, though gains were likely temporary given doubts about the ability of eurozone members to tap bond markets. Traders said the euro found bids around the $1.3305
Published 04 Jan, 2011 12:00am
Euro falls in London

Euro falls in London

The euro fell against the dollar on Monday in the first trading session of 2011, reversing year-end gains on persisting concerns about eurozone debt. Thinned trade due to holidays in Tokyo and London added to volatility. "There has not been any really dra
Published 04 Jan, 2011 12:00am
Euro slips in Asia

Euro slips in Asia

The euro fell against the dollar on Monday in the first trading session of 2011, giving back most of the gains it made late last week when it surged on short-covering in thin, year-end trade. The euro had climbed last week as euro bears gave up their posi
Published 04 Jan, 2011 12:00am
Brazil to raise currency worries during China trip

Brazil to raise currency worries during China trip

Brazil's newly-minted President Dilma Rousseff will raise concerns about foreign exchange rates and trade protectionism when she visits China in April, the country's trade and industry minister said on Monday. Raising currency and protectionism questions
Published 04 Jan, 2011 12:00am
European stocks start new year with broad rally

European stocks start new year with broad rally

European stocks ended higher on Monday, starting the new year with a broad-based rally led by construction and industrial shares as softer-than-expected factory inflation data from China eased concerns of a tightening in monetary policy. Automakers also m
Published 04 Jan, 2011 12:00am
Middle East markets: Qatar at two-year high

Middle East markets: Qatar at two-year high

Qatari stocks climbed to a high of more than two years on Monday following strong growth figures and on hopes of generous dividends, while regional bourses were mixed. Qatar Navigation jumped 7 percent while Qatar National Bank rose 3.2 percent and Indust
Published 04 Jan, 2011 12:00am
Seoul shares begin 2011 with record high

Seoul shares begin 2011 with record high

Seoul shares closed at a record high on the first trading day of 2011, extending a recent rally with support from large cap issues such as Samsung Electronics Co Ltd. The Korea Composite Stock Price Index ended up 0.93 percent at 2,070.08 points. "Besides
Published 04 Jan, 2011 12:00am
Indian shares start 2011 on firm footing

Indian shares start 2011 on firm footing

Indian shares started 2011 on a firm footing, climbing nearly 0.3 percent on Monday, with metal producers leading the gains as investors placed bets that the base metals rally was here to stay. Firm world stocks also supported the gains. "There are no imm
Published 04 Jan, 2011 12:00am
Markets closed

Markets closed

Stocks, financial and commodity markets in UK, Japan, China, New Zealand and Thailand are closed on Monday for public holidays. Trading will resume on Tuesday.
Published 04 Jan, 2011 12:00am
Monday's midday trade: Wall Street jumps into 2011 with sharp gains

Monday's midday trade: Wall Street jumps into 2011 with sharp gains

Wall Street stocks launched the new trading year with gains of 1 percent or more on Monday, extending the late-2010 rally on optimistic signs about a global economic recovery. The Nasdaq 100 hit a 10-year high, driven largely by gains in Apple Inc, which
Published 04 Jan, 2011 12:00am
Hong Kong shares start 2011 on higher note

Hong Kong shares start 2011 on higher note

Hong Kong stocks kicked of 2011 with a firm start as robust holiday spending provided a lift for shares of mall and casino operators, and energy stocks extended a recent strong run on the back of steady oil prices. Hong Kong's benchmark Hang Seng Index ro
Published 04 Jan, 2011 12:00am
Sri Lankan shares hit eight-week high

Sri Lankan shares hit eight-week high

Sri Lanka's stock market edged up on Monday on high retail investors buying amid concerns over a force-selling directive by the Securities and Exchange Commission (SEC) to recover credit with effect from January 1. The island's main share index rose 0.33
Published 04 Jan, 2011 12:00am
Taiwan stocks at 2-1/2-year high

Taiwan stocks at 2-1/2-year high

Taiwan stocks rose 0.59 percent to a two and half year closing high on Monday, paced by gains in financial firms and hotel operators including Grand Formosa amid investor optimism that they will benefit from improving Taiwan-China trade ties. "Foreign inv
Published 04 Jan, 2011 12:00am
US wheat futures at new five-month top

US wheat futures at new five-month top

US wheat futures started 2011 with a new five-month high on Monday as floods in Australia hampered grain shipments and reinforced the global supply concerns that had sent grain markets surging last year. In 2010 Chicago wheat posted its first annual gain
Published 04 Jan, 2011 12:00am
US Midwest corn and soya bids steady

US Midwest corn and soya bids steady

Spot basis bids for corn and soyabeans held mostly steady around the US Midwest Monday as farmers delayed sales amid expectations that prices for both commodities will continue to climb, grain merchants said. The bullish growers remained on the sidelines
Published 04 Jan, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 125,189 tonnes of cargo including 101,315 tonnes of import cargo, 23,874 tonnes of export cargo, 4,097 loaded and empty containers during last 24 hours ended at 0700 hours on Monday. The total import cargo of 101,315 tonnes compri
Published 04 Jan, 2011 12:00am
Indian firm offers lowest rate for rice to Bangladesh

Indian firm offers lowest rate for rice to Bangladesh

India-based Amira Foods made the lowest offer of $450 a tonne to supply white rice, including C&F liner out, in a Bangladesh tender to import 50,000 tonnes, which opened on Monday, a food official said. The grain is to be shipped in 40 days after signing
Published 04 Jan, 2011 12:00am
Ivorian cocoa output strong, but risks high

Ivorian cocoa output strong, but risks high

Cocoa output from top producer Ivory Coast is running near even with last year despite a political crisis since last month's election that threatens to trigger conflict, exporters told Reuters on Monday. But they warned that if the standoff turns violent,
Published 04 Jan, 2011 12:00am
Morocco seeks to buy soft wheat

Morocco seeks to buy soft wheat

Morocco's state-run grains agency ONICL has invited locally-registered grain traders to submit by January 17 bids for 175,000 tonnes of soft wheat destined to make subsidised flour, it said on Monday. The bids will be opened on January 17 at 1000 GMT, ONI
Published 04 Jan, 2011 12:00am
Lint prices soar, spot rate raised sharply by Rs 300 on cotton market

Lint prices soar, spot rate raised sharply by Rs 300 on cotton market

Bullish sentiment was again witnessed on the cotton market on Monday as the prices are still on the track of international market, brokers said. The Karachi Cotton Association (KCA) spot rate was raised sharply by Rs 300 to Rs 9500, they said. Seed cotton
Published 04 Jan, 2011 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 January vaida closed that lower last week at Rs 1251.00 opened with a loss of Re.1 to Rs 1250.00. The March vaida which ended at Rs 1242.00 co
Published 04 Jan, 2011 12:00am
Corn bids weaker at US Gulf

Corn bids weaker at US Gulf

Spot basis bids for corn shipped by barge to the US Gulf Coast were steady to weak on Monday, weighed down by adequate supplies in the pipeline and firm futures, while soyabean and wheat basis held mostly steady, traders said. Farmer selling was slow on M
Published 04 Jan, 2011 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 04 Jan, 2011 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 04 Jan, 2011 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 04 Jan, 2011 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 (January 03, 2011).

Published 04 Jan, 2011 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 (January 03, 2011).

Published 04 Jan, 2011 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 (January 03, 2011).

Published 04 Jan, 2011 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 (January 03, 2011).

Published 04 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Jan, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 Jan, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jan, 2011 12:00am
Coalition crisis internal matter: US

Coalition crisis internal matter: US

The US government regards Pakistan's ruling coalition crisis as an internal matter, a senior US official said on Monday. "We see this as an internal Pakistani political issue, and we do not think it would be appropriate for the US to comment," the officia
Published 04 Jan, 2011 12:00am
Coalition crisis internal matter: US

Coalition crisis internal matter: US

The US government regards Pakistan's ruling coalition crisis as an internal matter, a senior US official said on Monday. "We see this as an internal Pakistani political issue, and we do not think it would be appropriate for the US to comment," the officia
Published 04 Jan, 2011 12:00am
MQM, ANP activists among seven shot dead: violence flares up in Karachi

MQM, ANP activists among seven shot dead: violence flares up in Karachi

At least seven people were shot on Monday evening, as violence flared up following the killing of a joint sector incharge of MQM and ANP's senior vice president of Al-Faleh ward by unknown assailants in two separate incidents. According to police sources,
Published 04 Jan, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee was down against dollar on the currency market on Monday in process of trading, dealers said. The rupee drifted lower versus dollar, shedding 8 paisa for buying at 85.68 and 85.72, they said.
Published 04 Jan, 2011 12:00am
MQM, ANP activists among seven shot dead: violence flares up in Karachi

MQM, ANP activists among seven shot dead: violence flares up in Karachi

At least seven people were shot on Monday evening, as violence flared up following the killing of a joint sector incharge of MQM and ANP's senior vice president of Al-Faleh ward by unknown assailants in two separate incidents. According to police sources,
Published 04 Jan, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee was down against dollar on the currency market on Monday in process of trading, dealers said. The rupee drifted lower versus dollar, shedding 8 paisa for buying at 85.68 and 85.72, they said.
Published 04 Jan, 2011 12:00am
Turmoil Amid Impasse: PML-Q could come to Prime Minister's rescue

Turmoil Amid Impasse: PML-Q could come to Prime Minister's rescue

Prime Minister Yousuf Raza Gilani said Monday the Pakistan Muslim League-Q would provide unconditional support to the government and it would not let democracy be derailed in the country. He said this while talking to media after meeting with PML-Q Presid
Published 04 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 03, 2011).

Published 04 Jan, 2011 12:00am
Turmoil Amid Impasse: PML-Q could come to Prime Minister's rescue

Turmoil Amid Impasse: PML-Q could come to Prime Minister's rescue

Prime Minister Yousuf Raza Gilani said Monday the Pakistan Muslim League-Q would provide unconditional support to the government and it would not let democracy be derailed in the country. He said this while talking to media after meeting with PML-Q Presid
Published 04 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 03, 2011).

Published 04 Jan, 2011 12:00am
PML-N won't allow democracy to be derailed: Shahbaz assures Gilani

PML-N won't allow democracy to be derailed: Shahbaz assures Gilani

Punjab Chief Minister Shahbaz Sharif in a meeting with Prime Minister Yousuf Raza Gilani was held out assurance that the Pakistan Muslim League-Nawaz (PML-N) would not let democracy be derailed in the country, as it was achieved after a long struggle agai
Published 04 Jan, 2011 12:00am
PML-N won't allow democracy to be derailed: Shahbaz assures Gilani

PML-N won't allow democracy to be derailed: Shahbaz assures Gilani

Punjab Chief Minister Shahbaz Sharif in a meeting with Prime Minister Yousuf Raza Gilani was held out assurance that the Pakistan Muslim League-Nawaz (PML-N) would not let democracy be derailed in the country, as it was achieved after a long struggle agai
Published 04 Jan, 2011 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 25TH DECEMBER, 2010.

Published 04 Jan, 2011 12:00am
Failure to take timely decision: power projects not progressing smoothly

Failure to take timely decision: power projects not progressing smoothly

Dozens of hydropower projects, independent power producers (IPPs) and controversial rental power plants (RPPs) are not progressing according to schedule due to failure to take timely decisions by the Ministry of Water and Power and its attached organisati
Published 04 Jan, 2011 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 25TH DECEMBER, 2010.

Published 04 Jan, 2011 12:00am
Failure to take timely decision: power projects not progressing smoothly

Failure to take timely decision: power projects not progressing smoothly

Dozens of hydropower projects, independent power producers (IPPs) and controversial rental power plants (RPPs) are not progressing according to schedule due to failure to take timely decisions by the Ministry of Water and Power and its attached organisati
Published 04 Jan, 2011 12:00am
Failure to take timely decision: power projects not progressing smoothly

Failure to take timely decision: power projects not progressing smoothly

Dozens of hydropower projects, independent power producers (IPPs) and controversial rental power plants (RPPs) are not progressing according to schedule due to failure to take timely decisions by the Ministry of Water and Power and its attached organisati
Published 04 Jan, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (January 03, 2011).

Published 04 Jan, 2011 12:00am
Nepra raises 4 Discos' tariffs

Nepra raises 4 Discos' tariffs

The National Electric Power Regulatory Authority (Nepra) has increased power tariff of Hyderabad Electric Supply Company (Hesco) by Rs 1.75 per unit for domestic consumers. Those who use 101-300 units in a month will pay Rs 12.75 per unit against Rs 11 pe
Published 04 Jan, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (January 03, 2011).

Published 04 Jan, 2011 12:00am
Nepra raises 4 Discos' tariffs

Nepra raises 4 Discos' tariffs

The National Electric Power Regulatory Authority (Nepra) has increased power tariff of Hyderabad Electric Supply Company (Hesco) by Rs 1.75 per unit for domestic consumers. Those who use 101-300 units in a month will pay Rs 12.75 per unit against Rs 11 pe
Published 04 Jan, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (January 03, 2011).

Published 04 Jan, 2011 12:00am
Nepra raises 4 Discos'' tariffs

Nepra raises 4 Discos'' tariffs

The National Electric Power Regulatory Authority (Nepra) has increased power tariff of Hyderabad Electric Supply Company (Hesco) by Rs 1.75 per unit for domestic consumers. Those who use 101-300 units in a month will pay Rs 12.75 per unit against Rs 11 pe
Published 04 Jan, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (January 03, 2011).

Published 04 Jan, 2011 12:00am
A novel approach to FDI statistics

A novel approach to FDI statistics

The federal government is said to have taken a novel approach to foreign direct investment (FDI) statistics by including capital imports in its calculation, sources in Board of Investment exclusively told Business Recorder. They said that the BoI w
Published 04 Jan, 2011 12:00am
A novel approach to FDI statistics

A novel approach to FDI statistics

The federal government is said to have taken a novel approach to foreign direct investment (FDI) statistics by including capital imports in its calculation, sources in Board of Investment exclusively told Business Recorder. They said that the BoI w
Published 04 Jan, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (January 03, 2011).

Published 04 Jan, 2011 12:00am
A novel approach to FDI statistics

A novel approach to FDI statistics

The federal government is said to have taken a novel approach to foreign direct investment (FDI) statistics by including capital imports in its calculation, sources in Board of Investment exclusively told Business Recorder. They said that the BoI w
Published 04 Jan, 2011 12:00am
Index down 173 points

Index down 173 points

The uncertainty on political front caused panic selling at share market on Monday and KSE-100 index witnessed heavy decline of 173.00 points to close at 11,849.46 points on the first trading session of the new year. Trading also shrank and the volume at r
Published 04 Jan, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (January 03, 2011).

Published 04 Jan, 2011 12:00am
Index down 173 points

Index down 173 points

The uncertainty on political front caused panic selling at share market on Monday and KSE-100 index witnessed heavy decline of 173.00 points to close at 11,849.46 points on the first trading session of the new year. Trading also shrank and the volume at r
Published 04 Jan, 2011 12:00am
Index down 173 points

Index down 173 points

The uncertainty on political front caused panic selling at share market on Monday and KSE-100 index witnessed heavy decline of 173.00 points to close at 11,849.46 points on the first trading session of the new year. Trading also shrank and the volume at r
Published 04 Jan, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (January 03, 2011).

Published 04 Jan, 2011 12:00am
BRIndex30 sheds 187.31 points

BRIndex30 sheds 187.31 points

On Monday, the BRIndex30 opened at 8,919.40 points and remained in negative throughout the trading session. It touched the intra-day high of 8,919.40 points and low of 8,687.46 points, and closed at 8,732.09 points, with a net negative change of -187.31 p
Published 04 Jan, 2011 12:00am
BRIndex30 sheds 187.31 points

BRIndex30 sheds 187.31 points

On Monday, the BRIndex30 opened at 8,919.40 points and remained in negative throughout the trading session. It touched the intra-day high of 8,919.40 points and low of 8,687.46 points, and closed at 8,732.09 points, with a net negative change of -187.31 p
Published 04 Jan, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (January 03, 2011).

Published 04 Jan, 2011 12:00am
House finance NPLs up by 19 percent

House finance NPLs up by 19 percent

The non-performing loans (NPLs) under the head of house finance posted a surge of 19 percent, to Rs 18 billion, as on September 30, 2010 because of rising inflation and high interest rates.
Published 04 Jan, 2011 12:00am
House finance NPLs up by 19 percent

House finance NPLs up by 19 percent

The non-performing loans (NPLs) under the head of house finance posted a surge of 19 percent, to Rs 18 billion, as on September 30, 2010 because of rising inflation and high interest rates.
Published 04 Jan, 2011 12:00am
House finance NPLs up by 19 percent

House finance NPLs up by 19 percent

The non-performing loans (NPLs) under the head of house finance posted a surge of 19 percent, to Rs 18 billion, as on September 30, 2010 because of rising inflation and high interest rates.
Published 04 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (January 03, 2011).

Published 04 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 04 Jan, 2011 12:00am
Withdrawal of hike in POL prices being contemplated

Withdrawal of hike in POL prices being contemplated

The Ministry of Petroleum and Natural Resources has been asked to move a summary to the prime minister, recommending the withdrawal of recent hike in prices of petroleum products, according to a private TV channel.
Published 04 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 04 Jan, 2011 12:00am
Withdrawal of hike in POL prices being contemplated

Withdrawal of hike in POL prices being contemplated

The Ministry of Petroleum and Natural Resources has been asked to move a summary to the prime minister, recommending the withdrawal of recent hike in prices of petroleum products, according to a private TV channel.
Published 04 Jan, 2011 12:00am
Withdrawal of hike in POL prices being contemplated

Withdrawal of hike in POL prices being contemplated

The Ministry of Petroleum and Natural Resources has been asked to move a summary to the prime minister, recommending the withdrawal of recent hike in prices of petroleum products, according to a private TV channel.
Published 04 Jan, 2011 12:00am
'We'll look into possibility of removing PPP from Punjab coalition'

'We'll look into possibility of removing PPP from Punjab coalition'

Pakistan Muslim League (Nawaz) MNA Khwaja Saad Rafiq said on Monday that his party would discuss the possibility of removing Pakistan People's Party from coalition government in Punjab at party's CEC meeting scheduled for Tuesday. He was speaking to Absar
Published 04 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Monday (January 03, 2011) and the forecast for Tuesday (January 04, 2011).

Published 04 Jan, 2011 12:00am
'We'll look into possibility of removing PPP from Punjab coalition'

'We'll look into possibility of removing PPP from Punjab coalition'

Pakistan Muslim League (Nawaz) MNA Khwaja Saad Rafiq said on Monday that his party would discuss the possibility of removing Pakistan People's Party from coalition government in Punjab at party's CEC meeting scheduled for Tuesday. He was speaking to Absar
Published 04 Jan, 2011 12:00am
Who could be Gilani's possible replacement?

Who could be Gilani's possible replacement?

Speculations for change were rife as names of some other Pakistan People's Party (PPP) stalwarts were being floated for the post of Leader of the House. According to sources, the names of Health Minister Shahabuddin, Defence Minister Ahmed Mukhtar and For
Published 04 Jan, 2011 12:00am
Who could be Gilani's possible replacement?

Who could be Gilani's possible replacement?

Speculations for change were rife as names of some other Pakistan People's Party (PPP) stalwarts were being floated for the post of Leader of the House. According to sources, the names of Health Minister Shahabuddin, Defence Minister Ahmed Mukhtar and For
Published 04 Jan, 2011 12:00am
Zardari throws his weight behind beleaguered Prime Minister

Zardari throws his weight behind beleaguered Prime Minister

President Asif Ali Zardari threw his weight on Monday behind beleaguered Prime Minister Yousuf Raza Gilani against any attempts to destabilise his government after a key partner quit the ruling coalition. The opposition has not yet sought a no-confidence
Published 04 Jan, 2011 12:00am
Zardari throws his weight behind beleaguered Prime Minister

Zardari throws his weight behind beleaguered Prime Minister

President Asif Ali Zardari threw his weight on Monday behind beleaguered Prime Minister Yousuf Raza Gilani against any attempts to destabilise his government after a key partner quit the ruling coalition. The opposition has not yet sought a no-confidence
Published 04 Jan, 2011 12:00am
Where does military stand?

Where does military stand?

One unclear factor is where the military stands on the latest political battles. Army chief General Ashfaq Parvez Kayani is reported to be unhappy with the current leadership, and not enthusiastic about its possible replacement. The army, under the leader
Published 04 Jan, 2011 12:00am
Where does military stand?

Where does military stand?

One unclear factor is where the military stands on the latest political battles. Army chief General Ashfaq Parvez Kayani is reported to be unhappy with the current leadership, and not enthusiastic about its possible replacement. The army, under the leader
Published 04 Jan, 2011 12:00am
Prime Minister needs no fresh vote of confidence: Awan

Prime Minister needs no fresh vote of confidence: Awan

Minister for Law Dr Babar Awan on Monday said Prime Minister Syed Yousuf Raza Gilani does not need to take a fresh vote of confidence from the National Assembly despite the fact that the government lost majority in the National Assembly. Talking to report
Published 04 Jan, 2011 12:00am
Bears dominate LSE proceedings

Bears dominate LSE proceedings

Bearish sentiment was observed on the Lahore Stock Exchange on Monday as a result of which equities registered significant declines amid selling pressure on account of changing political situation in the country. The LSE-25 index sharply declined to 3634.
Published 04 Jan, 2011 12:00am
Bears dominate LSE proceedings

Bears dominate LSE proceedings

Bearish sentiment was observed on the Lahore Stock Exchange on Monday as a result of which equities registered significant declines amid selling pressure on account of changing political situation in the country. The LSE-25 index sharply declined to 3634.
Published 04 Jan, 2011 12:00am
Supreme Court moved against 19th Amendment

Supreme Court moved against 19th Amendment

A constitutional petition, challenging the 19th Amendment Act, was filed in the Supreme Court on Monday, urging the court to direct the government and Judicial Commission (JC) for appointment of judges to refrain from any move for appointment of judges of
Published 04 Jan, 2011 12:00am
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