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 - 2011-01-05
Salman Taseer’s funeral held today
Top News

Salman Taseer’s funeral held today

LAHORE: Pakistan was in mourning and on high alert Wednesday ahead of the funeral of Punjab provincial governor Salman T
Published 05 Jan, 2011 08:19am
Why retailers are wary of taxes
BR Research

Why retailers are wary of taxes

The dust has settled on 2010 and it certainly won be remembered as a year when policymakers in Pakistan took difficult decisions on issues
Published 05 Jan, 2011 12:00am
The politics of ignorance
BR Research

The politics of ignorance

The assassination of Governor Punjab might buy the government some breathing space in the ongoing political turmoil, but it should also give
Published 05 Jan, 2011 12:00am
SECP fines 37 defaulting companies

SECP fines 37 defaulting companies

As part of its enforcement and regulatory function, the Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) has passed 37 orders, fining defaulting companies besides issuance of 29 show-cause notices in December 2010.
Published 05 Jan, 2011 12:00am
The energy crisis continues

The energy crisis continues

A report prepared by Sustainable Development Policy Institute has revealed that out of 18 ongoing hydro power projects, the government has completed only one. Fifteen of these were scheduled to be completed in 2007, before the incumbent government took ov
Published 05 Jan, 2011 12:00am
Improving public Transportation

Improving public Transportation

Chairing a meeting in Karachi the other day on improving the dismal state of the public transport system, President Asif Ali Zardari instructed the concerned authorities to facilitate Chinese companies interested in introducing CNG buses in different citi
Published 05 Jan, 2011 12:00am
NPLs and profitability

NPLs and profitability

The quantum of non-performing loans (NPLs) of the banking sector increased rapidly from Rs 177 billion in CY05 to Rs 509 billion in September 2010. The main reasons for this rise include rapid and reckless credit expansion between CY03 and CY07 due to che
Published 05 Jan, 2011 12:00am
Z A Bhutto: the maker of history

Z A Bhutto: the maker of history

Only a few leaders have shaped events of the contemporary age to their own vision and policy more surely than former prime minister Z A Bhutto. The way he coped with most difficult circumstances and insurmountable difficulties and solved the trying proble
Published 05 Jan, 2011 12:00am
Public welfare thru regional cooperation

Public welfare thru regional cooperation

Punjab Chief Minister Muhammad Shahbaz Sharif's recent visit to Turkey should be taken as a welcome step in the wider economic context. We all know that Pakistan is a continued victim of the 9/11 incident, which has weakened us from within. We are the tar
Published 05 Jan, 2011 12:00am
Punjab Assembly adopts various resolutions

Punjab Assembly adopts various resolutions

Punjab Assembly in its 22nd session Tuesday adopted a number of resolutions of non-treasury members. A resolution regarding depletion of roads on the banks of river Chenab resulting in difficulties to carry food products to mandi was passed by the House.
Published 05 Jan, 2011 12:00am
PPP legislators to defend tax-free status of Malakand

PPP legislators to defend tax-free status of Malakand

The PPP legislators from Malakand Division Tuesday vowed to resist any change in the tax-free status of the Provincially Administered Tribal Area (Pata), saying their political career has put on stake in the region. The matter was raised by Badshah Saleh
Published 05 Jan, 2011 12:00am
Partial solar eclipse witnessed

Partial solar eclipse witnessed

A partial solar eclipse was witnessed in different parts of Europe, North Africa and Central Asia, including Pakistan on Tuesday. Director General Pakistan Meteorological Department (PMD) Arif Mehmood told APP that the solar eclipse began at 11:40 am and
Published 05 Jan, 2011 12:00am
HAML declares interim dividend

HAML declares interim dividend

The Board of Directors of Habib Asset Management Limited (HAML), the management company of First Habib Income Fund and First Habib Stock Fund has declared interim dividend for the year ending June 30, 2011 for the unit holders of First Habib Income Fund a
Published 05 Jan, 2011 12:00am
HAML declares interim dividend

HAML declares interim dividend

The Board of Directors of Habib Asset Management Limited (HAML), the management company of First Habib Income Fund and First Habib Stock Fund has declared interim dividend for the year ending June 30, 2011 for the unit holders of First Habib Income Fund a
Published 05 Jan, 2011 12:00am
PARC chairman Zafar Altaf's contract cancelled

PARC chairman Zafar Altaf's contract cancelled

The government on Tuesday cancelled the contract of Dr Zafar Altaf as Chairman of Pakistan Agriculture Research Council (PARC), and appointed Dr Muhammad Afzal as 'acting chairman' of PARC. According to a notifications issued by the Establishment Division
Published 05 Jan, 2011 12:00am
Gas cut to CNG sector: APCNGA stages sit-in before Parliament House

Gas cut to CNG sector: APCNGA stages sit-in before Parliament House

All Pakistan CNG Association (APCNGA) on Tuesday staged a protest demonstration and sit-in against the prolonged gas load-shedding in front of the Parliament House here on Tuesday. The protest rally and sit-in was attended by 1,000 owners of CNG stations
Published 05 Jan, 2011 12:00am
Two hurt in Naseerabad firing

Two hurt in Naseerabad firing

Unknown armed men shot and wounded two brothers here on National Highway on Tuesday. According to Levies Force, the wounded identified as Ghulam Mustafa and Ali Gul Solangi were on their way home when unidentified gunmen opened fire at them and fled from
Published 05 Jan, 2011 12:00am
Supreme Court lauds efforts for tracing out son of journalist

Supreme Court lauds efforts for tracing out son of journalist

The Supreme Court Tuesday lauded the efforts of Inspector General of Police (IGP) Kaleem Imam and Deputy Inspector General of Police (Operations) Islamabad Bani Ameen in tracing out the son of a local journalist, who had gone missing for the last so many
Published 05 Jan, 2011 12:00am
SU promotes 28 officers, employees

SU promotes 28 officers, employees

The University of Sindh, with the approval of syndicate and recommendation of selection board and Departmental Promotion Committee (DPC), has issued orders of promotion of 28 officers and employees in higher grades. The orders have also been approved by V
Published 05 Jan, 2011 12:00am
IBP examination winter-2010 results announced

IBP examination winter-2010 results announced

The Council of the Institute of Bankers Pakistan has approved the result of ISQ examination Winter-2O10 held in November, 2010 The examination was held at 20 domestic and 03 international centres simultaneously. A total of 3024 candidates from banks and f
Published 05 Jan, 2011 12:00am
World's largest urea plant begins operation

World's largest urea plant begins operation

Engro Fertilisers Limited has begun operation of its new fertiliser plant, the world's largest single train ammonia-urea plant, in Daharki. The plant has a production capacity of 1.3 million tons per annum and takes Engro Fertiliser's total annual urea pr
Published 05 Jan, 2011 12:00am
Third Oil & Gas Forum to be held on January 29

Third Oil & Gas Forum to be held on January 29

The Third Oil and Gas Pakistan 2011 Forum on the theme of 'Focusing on Energy Issues and Opportunities to Secure Pakistan's Future' will be held on January 29, 2011 in Islamabad. The Ministry of Petroleum and Natural Resources along with PLATTS, world's l
Published 05 Jan, 2011 12:00am
Population strategies in Sindh: IoBM organising seminar on January 8

Population strategies in Sindh: IoBM organising seminar on January 8

An interactive seminar on Population Strategies in Sindh: New developments under the 18th Amendment, is scheduled to be Jointly organised by the Centre for Studies in Sindh, Institute of Business Management (loBM) and Rotary Fund for Population and Sustai
Published 05 Jan, 2011 12:00am
Arrangements to impose RGST: FBR e-portal yet without special module

Arrangements to impose RGST: FBR e-portal yet without special module

Despite claims to have all arrangements made for imposing reformed GST by the Federal Board of Revenue (FBR), the e-portal is still lacking a special module for the revision of monthly sales tax returns after lapse of several months, Business Recorder
Published 05 Jan, 2011 12:00am
PTA, UET sign MOU to promote telecom research

PTA, UET sign MOU to promote telecom research

Pakistan Telecommunication Authority (PTA) and University of Engineering and Technology (UET) Taxila have signed a Memorandum of Understanding (MoU) to promote telecom related research that would be beneficial for both the organisations, the telecom indus
Published 05 Jan, 2011 12:00am
Seminar on 'engineers and the environment' held

Seminar on 'engineers and the environment' held

Most environmental deterioration has occurred in the world since the industrial revolution, said Roland DeSouza, an engineer himself by profession and an active member of Shehri - CBE. He was addressing a seminar on "Engineers and the Environment" organis
Published 05 Jan, 2011 12:00am
Deutsche Bank appoints Faizan Mitha as MD, CCO

Deutsche Bank appoints Faizan Mitha as MD, CCO

Deutsche Bank on Tuesday announced the appointment of Faizan Mitha as Managing Director and Chief Country Officer for Pakistan. Mitha will succeed Shazad Dada. As Chief Country Officer, Mitha will have responsibility for Deutsche Bank in Pakistan across a
Published 05 Jan, 2011 12:00am
First Habib Modaraba receives Certificate of Merit Award

First Habib Modaraba receives Certificate of Merit Award

South Asian Federation of Accountants (SAFA) in its Summit 2010 held in Nepal awarded a "Certificate of Merit Award" to First Habib Modaraba for "Best Presented Accounts" and "Corporate Governance Disclosures" for the year 2009. According to a press relea
Published 05 Jan, 2011 12:00am
First Habib Modaraba receives Certificate of Merit Award

First Habib Modaraba receives Certificate of Merit Award

South Asian Federation of Accountants (SAFA) in its Summit 2010 held in Nepal awarded a "Certificate of Merit Award" to First Habib Modaraba for "Best Presented Accounts" and "Corporate Governance Disclosures" for the year 2009. According to a press relea
Published 05 Jan, 2011 12:00am
TDAP approaches government for early release of Rs 7 billion funds

TDAP approaches government for early release of Rs 7 billion funds

Trade Develop-ment Authority Pakistan (TDAP) has approached the government for early release of Rs 7 billion of export development surcharge. This was stated by Chief Executive TDAP, Tariq Iqbal Puri during a meeting of Korangi Association of Trade and In
Published 05 Jan, 2011 12:00am
Exclusive training ship inducted into PN fleet

Exclusive training ship inducted into PN fleet

Pakistan Navy on Tuesday inducted an exclusive training ship PNS Rahnaward into its fleet. A Pakistan Navy statement here said the ship had been acquired for training of cadets and sailors. Chief of the Naval Staff, Admiral Noman Bashir, was the chief gue
Published 05 Jan, 2011 12:00am
Research grant for Dow University from HEC

Research grant for Dow University from HEC

The Dow University of Health Sciences (DUHS) has been included amongst six Universities of Pakistan to have research grant on the basis of their performances. Higher Education Commission (HEC) of Pakistan has increased research funding from 2 to 15% w.e.f
Published 05 Jan, 2011 12:00am
KFC holds chicky carnival

KFC holds chicky carnival

KFC Boat Basin was transformed into a "FUN PALACE" recently. More than hundred children and parents took part in the KFC Chicky Carnival of four joyous hours. KFC Chicky Club is opened to children aged 12 and below. It has more than 1,300 active members w
Published 05 Jan, 2011 12:00am
Heroin, charas seized

Heroin, charas seized

Pakistan Customs Drug Enforcement Cell (DEC) on Tuesday seized contraband Heroin and Hashish (Charas) from an outbound courier parcel at International Mail Office (IMO), Karachi. According to details, the Customs DEC staff, while keeping surveillance on t
Published 05 Jan, 2011 12:00am
US MIDDAY: gold, silver tumble

US MIDDAY: gold, silver tumble

Gold dived more than 2 percent on Tuesday, its biggest one-day loss since early November, as signs of an improving economic outlook diminished safe-haven buying and a profit-taking commodities rout dragged prices off highs. Silver fell nearly 4 percent an
Published 05 Jan, 2011 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

Copper prices ended lower on Tuesday, falling from a fresh record high in London and succumbing to a vicious sell-off in the broader commodities complex that enabled corrections in many over-heated markets. The Reuters-Jefferies CRB index dropped 2 percen
Published 05 Jan, 2011 12:00am
US MIDDAY: wheat, corn, soya down

US MIDDAY: wheat, corn, soya down

Grain futures on the Chicago Board of Trade fell sharply early on Tuesday amid a wave of profit-taking and long liquidation across the floor, traders said. Prices had climbed to levels that some analysts viewed as lofty and unsustainable. Front-month corn
Published 05 Jan, 2011 12:00am
US MIDDAY: sugar falls

US MIDDAY: sugar falls

ICE raw sugar futures fell in a reversal of earlier sharp gains early on Tuesday as the dollar strengthened, while cocoa extended losses as concerns over supplies from Ivory Coast eased after a disputed election. Arabicas also fell, with downside potentia
Published 05 Jan, 2011 12:00am
Gold tumbles nearly two percent in European trade

Gold tumbles nearly two percent in European trade

Gold tumbled more than 2 percent on Tuesday and was on track for its biggest one-day loss since early November as the dollar rose and investors opted for assets seen as higher risk, like stocks, at commodities' expense. Expectations that the eurozone debt
Published 05 Jan, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold held steady on Tuesday, supported by the physical demand outlook, but a stronger dollar following the release of positive US manufacturing data weighed on the market. The dollar index edged higher, with the yen on the backfoot after upbeat data
Published 05 Jan, 2011 12:00am
US gold slightly higher

US gold slightly higher

US gold futures ended slightly higher 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. Benchmark COMEX February gold futures settled up $1.50
Published 05 Jan, 2011 12:00am
Oil slides over three percent

Oil slides over three percent

Oil prices plunged more than 3 percent on Tuesday, falling from a 27-month high, as profit-taking struck the commodities complex following a series of peaks over the thin holiday trading period. Traders said the abrupt selling across energy, metal and agr
Published 05 Jan, 2011 12:00am
Liffe sugar down

Liffe sugar down

Liffe March white sugar ended $16.70 lower at $760.80 per tonne on Tuesday. Market remains nervous after last week's sharp setback with losses in crude oil and many other commodity markets adding to downward pressure. Liffe May cocoa ended 54 pounds lower
Published 05 Jan, 2011 12:00am
Malaysian palm oil hits fresh 33-month high

Malaysian palm oil hits fresh 33-month high

Malaysian crude palm oil hit a fresh 33-month high on Tuesday as part of a weather-driven rally in global vegetable oil markets. Heavier-than-usual rains stalled harvesting in top producers Indonesia and Malaysia, and dry weather slowed soya plantings in
Published 05 Jan, 2011 12:00am
US soyabeans end lower

US soyabeans end lower

Soyabean futures on the Chicago Board of Trade closed lower on Monday, with talk of an improved weather forecast for Argentina and the absence of expected fund buying sinking prices from the opening, traders said. More rain is forecast for Argentina, a wo
Published 05 Jan, 2011 12:00am
Tokyo rubber futures hit record high

Tokyo rubber futures hit record high

Tokyo rubber futures jumped 3 percent to another record high on Tuesday, supported by a better global economic outlook and limited supply from producing countries, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for June delive
Published 05 Jan, 2011 12:00am
Copper falls back from record on easing worries

Copper falls back from record on easing worries

Copper fell from a record high on Tuesday after manufacturing data from around the world flagged economic improvement and speculation rose of a possible roll back of easy monetary policy for the new year. London Metal Exchange benchmark copper for deliver
Published 05 Jan, 2011 12:00am
Shanghai copper rises

Shanghai copper rises

Sufficient supplies in the Chinese spot market will keep copper prices in China lower than those on the London Metal Exchange in the near term, keeping the arbitrage window closed, traders and analysts said on Tuesday. The Shanghai Futures Exchange third
Published 05 Jan, 2011 12:00am
US copper extends record run into 2011

US 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. COMEX copper for March delivery settled up 1.05 cen
Published 05 Jan, 2011 12:00am
Corn, soya to revisit 2008 peaks this year

Corn, soya to revisit 2008 peaks this year

US corn and soyabean prices will extend their current rally to threaten their all-time highs from 2008 within the next three months, according to the analyst who topped the Reuters poll for a second year running. Prices for both commodities will rise a fu
Published 05 Jan, 2011 12:00am
Iran nuclear invitation draws Western scepticism

Iran nuclear invitation draws Western scepticism

Iran invited Russia, China, the European Union and others on Tuesday to visit key nuclear plants, but left out Britain, France, Germany and the United States - the countries most opposed to its nuclear programme. Iran's surprise invitation to several amba
Published 05 Jan, 2011 12:00am
Body of former Pentagon official found in trash dump

Body of former Pentagon official found in trash dump

Police on Tuesday were investigating the death of a prominent retired US Army colonel whose body turned up over the weekend at a landfill in the nearby state of Delaware. Authorities said the remains of John Parsons Wheeler, who held top jobs in the Ronal
Published 05 Jan, 2011 12:00am
Anti-government riots hit Jordan desert city

Anti-government riots hit Jordan desert city

Rioters in the town of Maan in southern Jordan set fire to government buildings and police cars on Tuesday in a protest against the killing of two men this week, prompting the government to send security forces to the area to restore order. Witnesses said
Published 05 Jan, 2011 12:00am
Gbagbo commits to talks

Gbagbo commits to talks

Ivory Coast's Laurent Gbagbo has agreed to further talks to end the country's political crisis and has pledged to lift a blockade on rival Alassane Ouattara's headquarters, West African regional bloc ECOWAS said on Tuesday. West African leaders had initia
Published 05 Jan, 2011 12:00am
Taiwan plans billion-dollar scheme to boost births

Taiwan plans billion-dollar scheme to boost births

Taiwan is planning to offer more than one billion US dollars a year in a fresh bid to boost its dwindling birth rate, one of the world's lowest, a report said Tuesday. The Council for Economic Planning and Development is proposing an annual budget of 38 b
Published 05 Jan, 2011 12:00am
Kenyan minister quits, denies graft charges

Kenyan minister quits, denies graft charges

A Kenyan government minister pleaded not guilty to a dozen counts of abuse of office on Tuesday, hours after resigning to allow for an investigation into a scam involving imports of untaxed vehicles. Industrialisation Minister Henry Kosgey was released on
Published 05 Jan, 2011 12:00am
Lithuania launches national perfume

Lithuania launches national perfume

Lithuania is pioneering a new type of national symbol to convey the character of the ex-Soviet Baltic state in a fragrant way with a bottle of perfume. Lithuania's foreign ministry has already sent bottles of the new fragrance to all ambassadors accredite
Published 05 Jan, 2011 12:00am
Australia floods force evacuations, recede in coal mine area

Australia floods force evacuations, recede in coal mine area

Floodwaters eased in Australia's major coal mining region on Tuesday to allow some mines to slowly resume production, although most remain idle as devastating floods affect some 200,000 people and force towns to be evacuated.
Published 05 Jan, 2011 12:00am
Grey skies mar Europe's view in first solar eclipse of 2011

Grey skies mar Europe's view in first solar eclipse of 2011

Europe was on Tuesday given a front-row seat on the first solar eclipse of 2011 only to find that in many places a thick curtain of cloud marred the spectacle. In London, Paris and Rome, hopes for a spooky darkening of the winter skies at sunrise were das
Published 05 Jan, 2011 12:00am
Cuban-American jailed for 1968 hijacking

Cuban-American jailed for 1968 hijacking

A US court on Tuesday sentenced a Cuban-American to 15 years in jail without parole for hijacking a PanAm plane to communist Cuba in 1968. Luis Armando Pena Soltren, a US citizen, had pleaded guilty in March to conspiracy to commit air piracy, interfering
Published 05 Jan, 2011 12:00am
Sudan's Bashir offers hand of peace to south

Sudan's Bashir offers hand of peace to south

Sudanese President Omar Hassan al-Bashir made his final trip to the southern capital Juba on Tuesday before a January 9 vote on secession, offering a hand of peace to the southerners he fought for so long. Bashir seemed to accept that Sudan would split in
Published 05 Jan, 2011 12:00am
US hopes for nuclear talks on nuclear Korea soon

US hopes for nuclear talks on nuclear Korea soon

The US envoy for North Korea policy said on Tuesday he hoped serious negotiations over Pyongyang's nuclear programme could start soon, signalling a diplomatic push after a surge in tension.
Published 05 Jan, 2011 12:00am
Saudi Arabia confirms F-15 part of US arms deal

Saudi Arabia confirms F-15 part of US arms deal

Saudi Arabia confirmed on Tuesday it plans to buy more F-15 fighter jets as part of a massive arms deal which the US State Department said in September could be worth up to $60 billion. In the first comments by a Saudi official on the deal, assistant defe
Published 05 Jan, 2011 12:00am
Kamran in, Malik out of World Cup probables

Kamran in, Malik out of World Cup probables

Pakistan selectors Tuesday included spot-fixing suspect Kamran Akmal in a preliminary 30-man squad for the World Cup but left out former captain Shoaib Malik and leg-spinner Danish Kaneria. The committee twice deferred announcing the squad as they sought
Published 05 Jan, 2011 12:00am
Suspended Pakistan players head to Doha for hearing

Suspended Pakistan players head to Doha for hearing

Three Pakistan Test cricketers suspended over allegations of spot-fixing left Tuesday for Qatar to appear at an international tribunal that could ban them from the game. An International Cricket Council (ICC) anti-corruption tribunal headed by Michael Bel
Published 05 Jan, 2011 12:00am
German player admits match-fixing bribes

German player admits match-fixing bribes

A former striker at Bundesliga club St. Pauli was quoted by a magazine on Tuesday admitting to pocketing more than 100,000 euros (134,000 dollars) in bribes to fix five matches in 2008. The Stern weekly cited Rene Schnitzler as saying in an interview that
Published 05 Jan, 2011 12:00am
England close in on lead

England close in on lead

England closed to within 113 runs of an innings lead over a battling Australia on Tuesday, edging an engrossing second day of the final Ashes Test at the Sydney Cricket Ground. The tourists, chasing their first series win Down Under in 24 years, got off t
Published 05 Jan, 2011 12:00am
Saeed Ajmal to miss first Test after father's death

Saeed Ajmal to miss first Test after father's death

Pakistan off-spinner Saeed Ajmal will miss the first test against New Zealand in Hamilton after returning home to attend the funeral of his father. The Pakistan Cricket Board (PCB) said in a statement that necessary arrangements had been made to facilitat
Published 05 Jan, 2011 12:00am
'Great day for Test cricket' as Tendulkar, Steyn battle

'Great day for Test cricket' as Tendulkar, Steyn battle

Sachin Tendulkar and Dale Steyn fought out a titanic battle before India took a two-run first innings lead on the third day of the third and final Test against South Africa at Newlands on Tuesday. Tendulkar, Test cricket's all-time leading run-scorer, mad
Published 05 Jan, 2011 12:00am
26th PIA's Women Hockey Championship inaugural ceremony held

26th PIA's Women Hockey Championship inaugural ceremony held

The 26th PIA's Women Hockey Championship inaugural ceremony was held at Hockey Club of Pakistan Stadium. A total of ten teams will participate in the Women Hockey Championship. The participating teams include PIA, Wapda, Punjab (White), KPK, Pakistan Army
Published 05 Jan, 2011 12:00am
Berdych makes perfect start at Chennai Open

Berdych makes perfect start at Chennai Open

Top-seed Tomas Berdych of the Czech Republic opened his campaign in the 450,000-dollar ATP Chennai Open with a fluent win over Frederico Gil of Portugal on Tuesday. The world number six needed just 45 minutes to defeat the 101st-ranked Gil 6-0, 6-1 in a f
Published 05 Jan, 2011 12:00am
'Caltex with Techron' Pakistan Open Tennis event ends

'Caltex with Techron' Pakistan Open Tennis event ends

The Pakistan Open Tennis Championship, sponsored by 'Caltex with Techron', came to an end on Tuesday at the PTF Complex, Islamabad with Aqeel Khan emerging as the champion in the Men's category. Mohammad Zubair, Country Representative, Chevron Pakistan Li
Published 05 Jan, 2011 12:00am
Won and baht rise

Won and baht rise

The South Korean won and the Thai baht rose against the dollar on Tuesday as foreign investors kept looking for higher-yieldings assets in the countries with strong economic fundamentals. But the won and the baht could not break through resistance lines a
Published 05 Jan, 2011 12:00am
Indian rupee slips

Indian rupee slips

The Indian rupee bounced off a one-and-half month high on Tuesday and slipped to a one-week low, tracking weak shares, with large demand for dollars towards corporate outflows and some defence-related demand weighing. The partially convertible rupee close
Published 05 Jan, 2011 12:00am
Australian dollar off gains

Australian dollar off gains

The Australian dollar shed some of its recent hefty gains on Tuesday as economically damaging floods provided an excuse for profit-taking, though upbeat global data and strong commodity prices should limit the pullback. The Australian dollar fell to a fiv
Published 05 Jan, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 70.95/70.95 (previous 70.95/70.95). Call Money Rates: 16.00-20.00 percent (previous 15.00-22.50 percent).
Published 05 Jan, 2011 12:00am
Euro rates to stay low

Euro rates to stay low

Eurozone short-term interest rates looked set to remain low as the central bank's limit-free lending continued to distort money markets, even as banks scaled back borrowing after the year end. At the European Central Bank's weekly offering of seven-day ca
Published 05 Jan, 2011 12:00am
Dollar gains versus euro

Dollar gains versus euro

The dollar edged higher against the euro on Monday, aided by a jump in global stock markets and rising Treasury yields. Thin trading due to holidays in Tokyo and London added to volatility in the euro, but the dollar was expected to outperform the single
Published 05 Jan, 2011 12:00am
Midday trade in New York: euro falls versus dollar

Midday trade in New York: euro falls versus dollar

The euro slid from three-week highs against the dollar on Tuesday, weighed down by unexpectedly strong US factory numbers, with further pressure likely given doubts over the euro area's bond issuance. In midday New York trading, the euro was down 0.3 perc
Published 05 Jan, 2011 12:00am
Euro rises versus majors in London

Euro rises versus majors in London

The euro rose against the dollar, the yen and the Swiss franc on Tuesday after upbeat eurozone and US economic data boosted risk appetite, but its gains were hampered by nagging doubts over euro zone bond issuance. The Australian dollar fell as severe flo
Published 05 Jan, 2011 12:00am
Dollar perks up in Asia

Dollar perks up in Asia

The dollar edged broadly higher on Tuesday, with the yen on the backfoot after upbeat US data suggested the world's biggest economy will accelerate in 2011. The Australian dollar came under pressure with traders citing worries about the massive floods in
Published 05 Jan, 2011 12:00am
Sterling extends gains

Sterling extends gains

Sterling rose on Tuesday as data showed UK manufacturing activity grew last month at its fastest pace in 16 years, extending earlier gains made on purchases by Asian sovereigns and talk of buying related to a dividend payout. The Markit/CIPS manufacturing
Published 05 Jan, 2011 12:00am
Yuan declines

Yuan declines

The yuan closed down against the dollar on Tuesday, even though the People's Bank of China set the yuan's mid-point at a record high, with dealers saying the currency had already risen sharply in the last two sessions. The yuan had been overly active in r
Published 05 Jan, 2011 12:00am
FTSE starts new year with 31-month high

FTSE starts new year with 31-month high

Britain's top shares rose sharply on Tuesday, the first session of 2011, lifted back above the key 6,000 level by heavyweight oil stocks and banks, as solid economic data prompted a return of investor risk appetite. The FTSE 100 ended up 113.93 points, or
Published 05 Jan, 2011 12:00am
European shares at one-week high

European shares at one-week high

European shares hit their highest closing level in nearly a week on Tuesday, with oil majors contributing to the bulk of gains as commodity prices were boosted by strong manufacturing data from around the world. The pan-European FTSEurofirst 300 index clo
Published 05 Jan, 2011 12:00am
Seoul shares at fresh record high

Seoul shares at fresh record high

Seoul shares posted a new closing high on Tuesday, buoyed by continued foreign buying and firm gains in shipyards such as Daewoo Shipbuilding & Marine Engineering. The Korea Composite Stock Price Index ended up 0.73 percent at 2,085.14 points, mere points
Published 05 Jan, 2011 12:00am
Nikkei climbs

Nikkei climbs

Japan's Nikkei stock average climbed to a 7-month closing high on its first day of trading for the year, helped by strong global manufacturing data that lifted equities world-wide and by a bounce in the dollar against the yen. Buying of Nikkei futures bol
Published 05 Jan, 2011 12:00am
Indian shares decline

Indian shares decline

Indian shares snapped a four-session winning run and eased 0.3 percent on Tuesday, as investors took profits amid concern accelerating inflation pressures could push up borrowing costs. Lenders such as State Bank of India, ICICI Bank and HDFC Bank, all of
Published 05 Jan, 2011 12:00am
Asian shares extend gains

Asian shares extend gains

Asian markets extended their New Year gains on Tuesday as dealers welcomed further data pointing to a recovery in the United States as well as manufacturing strength around the world. Sydney edged down 2.7 points to 4,742.5 as insurance firms weakened due
Published 05 Jan, 2011 12:00am
Treasuries fall

Treasuries fall

US Treasuries may see further weakness after falling on Monday on economic optimism and corporate deal hedging, though investors may wait until after Friday's US jobs data to bet on yields heading much higher. Treasuries pared some early losses on Monday
Published 05 Jan, 2011 12:00am
Treasuries fall

Treasuries fall

US Treasuries may see further weakness after falling on Monday on economic optimism and corporate deal hedging, though investors may wait until after Friday's US jobs data to bet on yields heading much higher. Treasuries pared some early losses on Monday
Published 05 Jan, 2011 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell 0.31 percent on Tuesday as investors took profits on a recent rally in tourism and banking shares, including top financial firm Cathay Financial. "Taiwan's main index and financial stocks have gained a lot in the past few weeks. What we
Published 05 Jan, 2011 12:00am
Wall Street climbs in first session of 2011

Wall Street climbs in first session of 2011

US stocks greeted the new year with a rally on Monday as encouraging signs about the outlook for manufacturing around the world prompted investors to inject new money into the market. Data from the United States, Europe and China set the tone, helping the
Published 05 Jan, 2011 12:00am
Tuesday's afternoon trade: Stocks tumble

Tuesday's afternoon trade: Stocks tumble

The Nasdaq composite index briefly fell more than 1 percent while the Dow and S&P 500 extended losses in afternoon trading on Tuesday, with the S&P 500 weighed down by materials and energy shares following declines in commodity prices.
Published 05 Jan, 2011 12:00am
China, Hong Kong shares soar

China, Hong Kong shares soar

Chinese stocks started 2011 in a bullish mood, giving a lift to Hong Kong's market, as investors snapped up beaten down shares of companies most likely to benefit from a recovery in global economic activity. Data showing that manufacturing accelerated in
Published 05 Jan, 2011 12:00am
Middle East markets: Qatar, Egypt indices rise

Middle East markets: Qatar, Egypt indices rise

Qatar's index climbed for a fifth straight session on Tuesday and Egypt's bourse hit an eight-month high, as investor sentiment boosted trade, while other regional markets were mixed. Industries Qatar gained 1.5 percent, as the Doha index continued its ra
Published 05 Jan, 2011 12:00am
France top culprit in European industrial espionage: cables

France top culprit in European industrial espionage: cables

France is the country that conducts the most industrial espionage on other European countries, even ahead of China and Russia, said leaked US diplomatic cables quoted on Tuesday by Norway's Aftenposten. "French espionage is so widespread that the damages
Published 05 Jan, 2011 12:00am
Foreign firms ramp up jobs in Ireland

Foreign firms ramp up jobs in Ireland

Foreign companies created almost 11,000 jobs in debt-stricken Ireland last year, double the number created in 2009 despite huge setbacks for the economy, official data showed on Tuesday. The number of new companies setting up industries in Ireland also ro
Published 05 Jan, 2011 12:00am
Spain beats 2010 deficit target: Prime Minister

Spain beats 2010 deficit target: Prime Minister

Prime Minister Jose Luis Rodriguez Zapatero said on Tuesday that Spain had beaten its deficit-cutting target for 2010 and would meet this year's goal too, addressing a deep concern on markets. Investors are demanding ever higher interest rates for buying
Published 05 Jan, 2011 12:00am
Leasing group orders 38 Boeing 737s

Leasing group orders 38 Boeing 737s

CIT Group will buy 38 Boeing 737 airplanes, the two companies said in a statement on Tuesday, in a deal worth over three billion dollars. CIT's aircraft leasing and financing division ordered 23 737-800s and 15 long-range 737-900Ers. Amid an economic down
Published 05 Jan, 2011 12:00am
Eurozone inflation rises

Eurozone inflation rises

Eurozone inflation was higher than expected in December, exceeding the European Central Bank's target for the first time in two years, but economists believe the bank will keep interest rates unchanged well into 2011. The European Union's statistics offic
Published 05 Jan, 2011 12:00am
General Motors sales up 7.5 percent in US

General Motors sales up 7.5 percent in US

General Motors Co posted a 7.5 percent rise in December US auto sales and said it expects the industry to report sales at a 13 million-vehicle annualised rate for last month - far higher than many forecasts and what would be the highest rate of 2010. The
Published 05 Jan, 2011 12:00am
General Motors China sales hit record high in 2010

General Motors China sales hit record high in 2010

US auto giant General Motors said Tuesday that its sales in China, the world's largest car market, increased 28.8 percent year-on-year in 2010 to a new annual record of 2.35 million vehicles. Its manufacturing joint ventures and major brands all set new a
Published 05 Jan, 2011 12:00am
South Korean president calls for war on inflation

South Korean president calls for war on inflation

South Korean President Lee Myung-bak urged his cabinet on Tuesday to take a "war on prices" attitude in containing inflation as central bank members expressed their concerns that consumer prices would keep heading higher. Lee told the cabinet to make it a
Published 05 Jan, 2011 12:00am
US lets some companies resume Gulf drilling

US lets some companies resume Gulf drilling

Thirteen oil companies have been authorised to resume deepwater drilling in the Gulf of Mexico without submitting new plans for environmental review, the US Department of the Interior said Monday. But the companies will still have to comply with tougher s
Published 05 Jan, 2011 12:00am
Belarus warns EU against resuming sanctions

Belarus warns EU against resuming sanctions

Belarus Foreign Ministry on Tuesday warned European countries against reintroducing sanctions on the former Soviet republic in the wake of a harsh crackdown last month on opposition politicians, the Belapan news agency reported. "This is a counterproducti
Published 05 Jan, 2011 12:00am
Data boost for UK economy at start of tough 2011

Data boost for UK economy at start of tough 2011

Britain's factory activity grew at its fastest pace in 16 years at the end of 2010 and mortgage approvals rose, data showed on Tuesday, but tax rises and public spending cuts will provide stiff headwinds in 2011. The Markit/CIPS manufacturing Purchasing M
Published 05 Jan, 2011 12:00am
US factory orders rebound

US factory orders rebound

New orders received by US factories unexpectedly rose in November, and orders excluding transportation recorded their largest gain in eight months, providing more signs the economic recovery was on sustainable path. The Commerce Department said on Tuesday
Published 05 Jan, 2011 12:00am
Obama urges Republicans help him revive US economy

Obama urges Republicans help him revive US economy

US President Barack Obama appealed to Republican congressional leaders on Tuesday to put politics aside and work to revive the US economy. Speaking to reporters aboard Air Force One on his way back to Washington from a vacation in Hawaii, Obama said "we'v
Published 05 Jan, 2011 12:00am
German unemployment falls

German unemployment falls

German unemployment dropped last year to 7.7 percent of the workforce from 8.2 percent in 2009 owing to strong recovery in Germany which has the biggest economy in Europe, official figures showed on Tuesday. Improvement was seen across the country and in
Published 05 Jan, 2011 12:00am
Oil cake market rates

Oil cake market rates

Contracts were mixed on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The January vaida that had closed lower at Rs 1250.00 opened with a gain of Rs 2.00 to Rs 1252.00. The March vaida which ended at Rs 1242.00 comm
Published 05 Jan, 2011 12:00am
US wheat futures steady near five-month highs

US wheat futures steady near five-month highs

US wheat futures were steady in thin trade on Tuesday after hitting the highest level since August 6 on Monday on growing concerns about global shortages of milling wheat as flooding in Australia pointed to quality downgrades.
Published 05 Jan, 2011 12:00am
Vietnam to export over six million tonnes of rice

Vietnam to export over six million tonnes of rice

Vietnam's rice exports in 2011 could rise beyond its initial projection of 6.0 million tonnes, given its total grain available for sales abroad at 6.6 million tonnes this year, a state-run newspaper reported on Tuesday. The higher export capacity in Vietn
Published 05 Jan, 2011 12:00am
Chile's key mine resumes some copper exports

Chile's key mine resumes some copper exports

The world's No 3 copper mine, Chile's Collahuasi, has resumed some copper shipments via an alternative port after its key sea terminal was closed more than two weeks ago, a port official told Reuters on Monday. Antofagasta's head of concessions, Alejandro
Published 05 Jan, 2011 12:00am
Bullish trend seen on grain, seed market

Bullish trend seen on grain, seed market

Bullish trend was again witnessed on the wholesale grain and seed markets on Tuesday in process of modest trading, dealers said. On the grams side bajra low type gained Rs 20 to Rs 2525 and good type was higher by Rs 200 to Rs 3100, other items did not sh
Published 05 Jan, 2011 12:00am
Bangladeshi tea prices rise

Bangladeshi tea prices rise

The average price of Bangladeshi teas rose 1.59 percent to 195.72 taka ($2.76) per kg despite lower overseas demand at the weekly auction on Tuesday, brokers said. Some 1.33 million kg were sold, leaving 16.49 percent of the offer to be carried back.
Published 05 Jan, 2011 12:00am
Soya, corn and wheat premiums steady at US Gulf Coast

Soya, corn and wheat premiums steady at US Gulf Coast

Export premiums for corn, soyabeans and wheat shipped from the US Gulf Coast held mostly steady on Monday in quiet trade following the long New Year's holiday weekend, traders said. Many traders yet to return from year-end holidays. Chinese markets and se
Published 05 Jan, 2011 12:00am
US Midwest corn, soya and SRW wheat bids steady

US Midwest corn, soya and SRW wheat bids steady

Spot basis bids held mostly steady for US Midwest corn, soyabeans and soft red winter wheat on Monday amid light, scattered sales of each commodity, grain merchants said. Farmers booked small corn and soya sales as futures notched fresh two-year highs ear
Published 05 Jan, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 111,731 tonnes of cargo including 92,124 tonnes of import cargo, 19,607 tonnes of export cargo, 2,402 loaded and empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 92,124 tonnes compris
Published 05 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 05 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 05 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 Tuesday (January 04, 2011).

Published 05 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 Tuesday (January 04, 2011).

Published 05 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 Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am
Punjab governor assassinated

Punjab governor assassinated

Punjab Governor Salmaan Taseer was gunned down by an official of Elite Force in his security squad, at Kohsar Market, F-6 sector in the Red Zone on Tuesday. The assailant opened fire with an AK-47 assault rifle, piercing Taseer's body including face, ches
Published 05 Jan, 2011 12:00am
Punjab governor assassinated

Punjab governor assassinated

Punjab Governor Salmaan Taseer was gunned down by an official of Elite Force in his security squad, at Kohsar Market, F-6 sector in the Red Zone on Tuesday. The assailant opened fire with an AK-47 assault rifle, piercing Taseer's body including face, ches
Published 05 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 Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am
Prime Minister announces three days of mourning

Prime Minister announces three days of mourning

Prime Minister Syed Yusuf Raza Gilani on Tuesday announced a three-day mourning on the assassination of Punjab Governor Salmaan Taseer. The national flag will remain at half mast. The Prime Minister has also ordered state funeral for the late Salmaan Tase
Published 05 Jan, 2011 12:00am
Prime Minister announces three days of mourning

Prime Minister announces three days of mourning

Prime Minister Syed Yusuf Raza Gilani on Tuesday announced a three-day mourning on the assassination of Punjab Governor Salmaan Taseer. The national flag will remain at half mast. The Prime Minister has also ordered state funeral for the late Salmaan Tase
Published 05 Jan, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 04, 2011).
Published 05 Jan, 2011 12:00am
UN chief terms murder a blow to Pakistan

UN chief terms murder a blow to Pakistan

UN Secretary General Ban Ki-moon on Tuesday condemned the assassination of the governor of Punjab Salmaan Taseer calling it a blow to the country. "The secretary general condemns the assassination of the governor of Punjab province," said UN spokesman Mar
Published 05 Jan, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am
UN chief terms murder a blow to Pakistan

UN chief terms murder a blow to Pakistan

UN Secretary General Ban Ki-moon on Tuesday condemned the assassination of the governor of Punjab Salmaan Taseer calling it a blow to the country. "The secretary general condemns the assassination of the governor of Punjab province," said UN spokesman Mar
Published 05 Jan, 2011 12:00am
Zardari, Gilani condemn murder

Zardari, Gilani condemn murder

President Asif Ali Zardari has strongly condemned the assassination of Governor Punjab Salmaan Taseer on Tuesday and directed the Interior Minister Rehman Malik to personally supervise the investigation and report to him urgently.
Published 05 Jan, 2011 12:00am
Zardari, Gilani condemn murder

Zardari, Gilani condemn murder

President Asif Ali Zardari has strongly condemned the assassination of Governor Punjab Salmaan Taseer on Tuesday and directed the Interior Minister Rehman Malik to personally supervise the investigation and report to him urgently.
Published 05 Jan, 2011 12:00am
It is a tragic incident: Nawaz

It is a tragic incident: Nawaz

Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif expressed sorrows over the tragic assassination of Governor Punjab Salmaan Taseer saying it was sad incident. Nawaz Sharif was informed about the assassination at the end of a news conference in whic
Published 05 Jan, 2011 12:00am
It is a tragic incident: Nawaz

It is a tragic incident: Nawaz

Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif expressed sorrows over the tragic assassination of Governor Punjab Salmaan Taseer saying it was sad incident. Nawaz Sharif was informed about the assassination at the end of a news conference in whic
Published 05 Jan, 2011 12:00am
US says Taseer's killing a 'great loss'

US says Taseer's killing a 'great loss'

The United States said Tuesday that the assassination of the governor of Punjab province, Salmaan Taseer, was a "great loss" because he was trying to stabilise his country. US Secretary of State Hillary Clinton will offer Washington's condolences to Hussa
Published 05 Jan, 2011 12:00am
US says Taseer's killing a 'great loss'

US says Taseer's killing a 'great loss'

The United States said Tuesday that the assassination of the governor of Punjab province, Salmaan Taseer, was a "great loss" because he was trying to stabilise his country. US Secretary of State Hillary Clinton will offer Washington's condolences to Hussa
Published 05 Jan, 2011 12:00am
Price one has to pay

Price one has to pay

"Thank you Sarfaraz. Thank you very much. I will talk to you later," said Salmaan Taseer in response to the greetings of this writer, who had worked for his newspaper Daily Times as its Karachi Bureau Chief and later as Karachi Resident Editor for about s
Published 05 Jan, 2011 12:00am
Price one has to pay

Price one has to pay

"Thank you Sarfaraz. Thank you very much. I will talk to you later," said Salmaan Taseer in response to the greetings of this writer, who had worked for his newspaper Daily Times as its Karachi Bureau Chief and later as Karachi Resident Editor for about s
Published 05 Jan, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am
US continues to work with government: State Department

US continues to work with government: State Department

The United States, while reaffirming its strong support for Pakistan, on Tuesday said it continues to work closely with the democratic government in Islamabad which is facing internal political challenges common to a coalition setup.
Published 05 Jan, 2011 12:00am
US continues to work with government: State Department

US continues to work with government: State Department

The United States, while reaffirming its strong support for Pakistan, on Tuesday said it continues to work closely with the democratic government in Islamabad which is facing internal political challenges common to a coalition setup.
Published 05 Jan, 2011 12:00am
Political unrest may bring US, Pakistan army closer

Political unrest may bring US, Pakistan army closer

Political turmoil may push the United States to rely even more on the military rather than on the weakening civilian government, South Asia analysts said on Monday. Prime Minister Yusuf Raza Gilani's political woes deepened on Sunday when the Muttahida Qa
Published 05 Jan, 2011 12:00am
Political unrest may bring US, Pakistan army closer

Political unrest may bring US, Pakistan army closer

Political turmoil may push the United States to rely even more on the military rather than on the weakening civilian government, South Asia analysts said on Monday. Prime Minister Yusuf Raza Gilani's political woes deepened on Sunday when the Muttahida Qa
Published 05 Jan, 2011 12:00am
Efforts on to contain fiscal deficit below six percent: Waqar

Efforts on to contain fiscal deficit below six percent: Waqar

Secretary Finance Dr Waqar Masood on Tuesday said serious efforts are under way to contain fiscal deficit below 6 percent against 4.7 percent of the GDP agreed with the International Monetary Fund (IMF) for the current fiscal year.
Published 05 Jan, 2011 12:00am
Efforts on to contain fiscal deficit below six percent: Waqar

Efforts on to contain fiscal deficit below six percent: Waqar

Secretary Finance Dr Waqar Masood on Tuesday said serious efforts are under way to contain fiscal deficit below 6 percent against 4.7 percent of the GDP agreed with the International Monetary Fund (IMF) for the current fiscal year.
Published 05 Jan, 2011 12:00am
Efforts on to contain fiscal deficit below six percent: Waqar

Efforts on to contain fiscal deficit below six percent: Waqar

Secretary Finance Dr Waqar Masood on Tuesday said serious efforts are under way to contain fiscal deficit below 6 percent against 4.7 percent of the GDP agreed with the International Monetary Fund (IMF) for the current fiscal year.
Published 05 Jan, 2011 12:00am
Fiscal deficit may reach six percent of GDP: Kardar

Fiscal deficit may reach six percent of GDP: Kardar

Governor State Bank of Pakistan Shahid H. Kardar has said that 6 percent budget deficit for the current fiscal year would mean government has to borrow Rs 1 trillion from the banking sector, which could hurt the private sector and increase the cost of cre
Published 05 Jan, 2011 12:00am
Fiscal deficit may reach six percent of GDP: Kardar

Fiscal deficit may reach six percent of GDP: Kardar

Governor State Bank of Pakistan Shahid H. Kardar has said that 6 percent budget deficit for the current fiscal year would mean government has to borrow Rs 1 trillion from the banking sector, which could hurt the private sector and increase the cost of cre
Published 05 Jan, 2011 12:00am
Fiscal deficit may reach six percent of GDP: Kardar

Fiscal deficit may reach six percent of GDP: Kardar

Governor State Bank of Pakistan Shahid H. Kardar has said that 6 percent budget deficit for the current fiscal year would mean government has to borrow Rs 1 trillion from the banking sector, which could hurt the private sector and increase the cost of cre
Published 05 Jan, 2011 12:00am
Government has no intention to buy BP shares: Supreme Court informed

Government has no intention to buy BP shares: Supreme Court informed

The Supreme Court was told on Tuesday that the government had no intention to purchase $800 million assets of British Petroleum. A counsel for Oil and Gas Development Company Limited (OGDC) and Pakistan Petroleum Limited (PPL), apprised the court that the
Published 05 Jan, 2011 12:00am
Government has no intention to buy BP shares: Supreme Court informed

Government has no intention to buy BP shares: Supreme Court informed

The Supreme Court was told on Tuesday that the government had no intention to purchase $800 million assets of British Petroleum. A counsel for Oil and Gas Development Company Limited (OGDC) and Pakistan Petroleum Limited (PPL), apprised the court that the
Published 05 Jan, 2011 12:00am
Government has no intention to buy BP shares: Supreme Court informed

Government has no intention to buy BP shares: Supreme Court informed

The Supreme Court was told on Tuesday that the government had no intention to purchase $800 million assets of British Petroleum. A counsel for Oil and Gas Development Company Limited (OGDC) and Pakistan Petroleum Limited (PPL), apprised the court that the
Published 05 Jan, 2011 12:00am
Safar moon may be sighted today

Safar moon may be sighted today

The new Safar moon may be sighted today (Wednesday), according to astronomical parameters. Therefore, Safar One, 1432 AH is likely to fall on Thursday. The moon crossed the conjunction line yesterday (Tuesday) at 1403 Pakistan Standard Time (PST). The sun
Published 05 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Jan, 2011 12:00am
Safar moon may be sighted today

Safar moon may be sighted today

The new Safar moon may be sighted today (Wednesday), according to astronomical parameters. Therefore, Safar One, 1432 AH is likely to fall on Thursday. The moon crossed the conjunction line yesterday (Tuesday) at 1403 Pakistan Standard Time (PST). The sun
Published 05 Jan, 2011 12:00am
Index surges by 260.8 points

Index surges by 260.8 points

Bullish trend was witnessed at the share market on Tuesday on the back of revived investors' interest on expectations of early launch of leverage product and increasing international oil prices, analysts said. The KSE-100 index surged by 260.8 points and
Published 05 Jan, 2011 12:00am
Index surges by 260.8 points

Index surges by 260.8 points

Bullish trend was witnessed at the share market on Tuesday on the back of revived investors' interest on expectations of early launch of leverage product and increasing international oil prices, analysts said. The KSE-100 index surged by 260.8 points and
Published 05 Jan, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 Jan, 2011 12:00am
Index surges by 260.8 points

Index surges by 260.8 points

Bullish trend was witnessed at the share market on Tuesday on the back of revived investors'' interest on expectations of early launch of leverage product and increasing international oil prices, analysts said. The KSE-100 index surged by 260.8 points and
Published 05 Jan, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Jan, 2011 12:00am
BRIndex30 up by 229.05 points

BRIndex30 up by 229.05 points

On Tuesday, the BRIndex30 opened at 8,732.09 points and remained in positive throughout the trading session with a clear rising trend. It touched the intra-day high of 8,973.30 points and low of 8,732.09 points and closed at 8,961.14 points with a net pos
Published 05 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Jan, 2011 12:00am
BRIndex30 up by 229.05 points

BRIndex30 up by 229.05 points

On Tuesday, the BRIndex30 opened at 8,732.09 points and remained in positive throughout the trading session with a clear rising trend. It touched the intra-day high of 8,973.30 points and low of 8,732.09 points and closed at 8,961.14 points with a net pos
Published 05 Jan, 2011 12:00am
BoP needs liquidity for financial health: Kardar

BoP needs liquidity for financial health: Kardar

State Bank of Pakistan Governor Shahid H Kardar on Tuesday said the Punjab government needs to inject some liquidity into Bank of Punjab to improve its financial health. Briefing the Senate Standing Committee on Finance here on the state of economy, Karda
Published 05 Jan, 2011 12:00am
Zaka to be new Punjab governor?

Zaka to be new Punjab governor?

A close aide of President Asif Ali Zardari and President Zarai Taraqqiati Bank Limited (ZTBL) Chaudhry Zaka Ashraf has emerged as a strong candidate for the governorship of Punjab after Salmaan Taseer's assassination on Tuesday, Business Recorder h
Published 05 Jan, 2011 12:00am
Across the board gains on LSE

Across the board gains on LSE

Equities registered across the board gains on Lahore Stock Exchange (LSE) on Tuesday amid ascending volume on account of fresh buying activity. The LSE-25 index surged to 3747.41 from 3634.39 of Monday, showing an increase of 115.02 points while turnover
Published 05 Jan, 2011 12:00am
Across the board gains on LSE

Across the board gains on LSE

Equities registered across the board gains on Lahore Stock Exchange (LSE) on Tuesday amid ascending volume on account of fresh buying activity. The LSE-25 index surged to 3747.41 from 3634.39 of Monday, showing an increase of 115.02 points while turnover
Published 05 Jan, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 04, 2011).

Published 05 Jan, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 52.80 points, as the Index moved from 2,985.23 to 3,038.
Published 05 Jan, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 52.80 points, as the Index moved from 2,985.23 to 3,038.
Published 05 Jan, 2011 12:00am
Delhi seeks Indian Ocean supremacy with warship research

Delhi seeks Indian Ocean supremacy with warship research

India launched a new naval research centre for warships on Tuesday, part of efforts by the South Asian giant to build its sea defences and counter the perceived threat of China in the Indian Ocean. Defence Minister A.K. Antony laid the foundation stone fo
Published 05 Jan, 2011 12:00am
Delhi seeks Indian Ocean supremacy with warship research

Delhi seeks Indian Ocean supremacy with warship research

India launched a new naval research centre for warships on Tuesday, part of efforts by the South Asian giant to build its sea defences and counter the perceived threat of China in the Indian Ocean. Defence Minister A.K. Antony laid the foundation stone fo
Published 05 Jan, 2011 12:00am
Award of contracts by Discos under PDEIP: ADB concerned over delay

Award of contracts by Discos under PDEIP: ADB concerned over delay

The Asian Development Bank (ADB) has raised concerns over undue delays in the award of billions of rupees worth of contracts given by power distribution companies (discos) under the Power Distribution Enhancement Investment Program (PDEIP) tranche-1.
Published 05 Jan, 2011 12:00am
Award of contracts by Discos under PDEIP: ADB concerned over delay

Award of contracts by Discos under PDEIP: ADB concerned over delay

The Asian Development Bank (ADB) has raised concerns over undue delays in the award of billions of rupees worth of contracts given by power distribution companies (discos) under the Power Distribution Enhancement Investment Program (PDEIP) tranche-1.
Published 05 Jan, 2011 12:00am
Award of contracts by Discos under PDEIP: ADB concerned over delay

Award of contracts by Discos under PDEIP: ADB concerned over delay

The Asian Development Bank (ADB) has raised concerns over undue delays in the award of billions of rupees worth of contracts given by power distribution companies (discos) under the Power Distribution Enhancement Investment Program (PDEIP) tranche-1.
Published 05 Jan, 2011 12:00am
THE RUPEE: all-round slide

THE RUPEE: all-round slide

The rupee was down against dollar and euro on the currency market on Tuesday in process of trading, dealers said The rupee in relation to dollar shed two paisa at 85.70 for buying and was dropped by three paisa for selling at 85.75, they said.
Published 05 Jan, 2011 12:00am
Woman kills Indian lawmaker

Woman kills Indian lawmaker

A schoolteacher in eastern India stabbed to death a regional legislator in Bihar state seven months after alleging the politician and his secretary had raped her, police said. Raj Kishore Keshari, a lawmaker belonging to Bihar's ruling BJP party, died in
Published 05 Jan, 2011 12:00am
THE RUPEE: all-round slide

THE RUPEE: all-round slide

The rupee was down against dollar and euro on the currency market on Tuesday in process of trading, dealers said The rupee in relation to dollar shed two paisa at 85.70 for buying and was dropped by three paisa for selling at 85.75, they said.
Published 05 Jan, 2011 12:00am
Previous Day