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Archive - 2011-01-21
Five killed in Ecuador plane crash
World

Five killed in Ecuador plane crash

QUITO: Five Ecuadoran military  personnel were killed Thursday aboard a small Air Force plane that  crashed in the Amazo
Published 21 Jan, 2011 06:02am
China can help being tactful
BR Research

China can help being tactful

Guess whose selling prowess was at its peak over the past two days? Barack Obama, the US President, was dubbed the US salesman-in-chief by t
Published 21 Jan, 2011 12:00am
Rice exports
BR Research

Rice exports

Being one of the biggest rice exporting countries, annual rice production and FOB prices are the most-watched indicators for rice farmers an
Published 21 Jan, 2011 12:00am
Government approves amnesty bill

Government approves amnesty bill

Tunisia's caretaker government on Thursday approved an amnesty bill to be put before parliament, ministers said after the first cabinet session since the ouster of president Zine El Abidine Ben Ali. The general amnesty will cover the banned Islamic moveme
Published 21 Jan, 2011 12:00am
Westerners 'lost in desert of lust': Ahmadinejad

Westerners 'lost in desert of lust': Ahmadinejad

Iranian President Mahmoud Ahmadinejad criticised Western culture on Thursday, saying its people are "lost in a desert of lust," and also took aim at his own country's family-planning policy, the Ilna news agency reported. "We do not want man lost in the d
Published 21 Jan, 2011 12:00am
Suicide blasts rock Iraq, 50 dead

Suicide blasts rock Iraq, 50 dead

At least 50 people died in a spate of explosions across Iraq on Thursday, including 45 in twin suicide car bombs that rocked the holy city of Karbala, the third major attack in as many days. The attacks mostly targeted pilgrims marking the Shia Muslim mou
Published 21 Jan, 2011 12:00am
Eurozone ponders merits of bond buybacks

Eurozone ponders merits of bond buybacks

Eurozone ministers are considering whether the bloc's rescue fund could buy back the bonds of troubled member states, a source said on Thursday, and debt-ridden Portugal said it supported the proposal. Berlin and Athens insisted Greece, the first to succu
Published 21 Jan, 2011 12:00am
Eurozone ponders merits of bond buybacks

Eurozone ponders merits of bond buybacks

Eurozone ministers are considering whether the bloc's rescue fund could buy back the bonds of troubled member states, a source said on Thursday, and debt-ridden Portugal said it supported the proposal. Berlin and Athens insisted Greece, the first to succu
Published 21 Jan, 2011 12:00am
Arab joblessness an 'urgent' challenge: IMF

Arab joblessness an 'urgent' challenge: IMF

Joblessness in the Arab world is an "increasingly urgent" issue, the International Monetary Fund said Thursday, a week after an uprising overthrew Tunisian leader Zine El Abidine Ben Ali. "We do see economic pressure building in the region," said David Ha
Published 21 Jan, 2011 12:00am
Boeing to cut 1,100 workers on C-17 programme

Boeing to cut 1,100 workers on C-17 programme

Boeing Co said on Thursday it would lay off 1,100 workers who make the company's C-17 cargo plane, as it scales down assembly rates to extend the life of the production line. Boeing spokesman Jerry Drelling said layoff notices would go out starting Friday
Published 21 Jan, 2011 12:00am
Sweden's FSA fines Swedbank, Handelsbanken

Sweden's FSA fines Swedbank, Handelsbanken

Sweden's financial watchdog said it has fined Swedbank and Handelsbanken for shortcomings in depositary banking services. The Financial Supervisory Authority said on Thursday it would charge Handelsbanken 3.5 million crowns ($528,500) and Swedbank 2.5 mil
Published 21 Jan, 2011 12:00am
ECB warns of rising food prices

ECB warns of rising food prices

The European Central Bank added its voice Thursday to those calling attention to rising food prices, warning that it was not sure greater supply would be able to limit future increases. In 2010, wheat prices soared 91 percent owing to "supply disruptions
Published 21 Jan, 2011 12:00am
China brings 11 rare earth mines under state control

China brings 11 rare earth mines under state control

China has brought 11 rare earth mines under state control as Beijing consolidates the industry - a move analysts said Thursday could drive up prices of the elements, used in iPods and hybrid cars. Authorities have targeted mines in the eastern province of
Published 21 Jan, 2011 12:00am
Taiwan punishes Siemens, others for staff overwork

Taiwan punishes Siemens, others for staff overwork

Taiwan has punished nine high-tech companies, including the local unit of Siemens, for violating regulations limiting staff working hours, an official and the media said Thursday. The decision came after labour authorities last year investigated labour pr
Published 21 Jan, 2011 12:00am
SEC approves asset-backed securities disclosure rules

SEC approves asset-backed securities disclosure rules

US securities regulators adopted new rules on Thursday that aim to give investors better information before they decide to invest in asset-backed securities, a market still struggling to recover from the financial crisis. The two rules, required under las
Published 21 Jan, 2011 12:00am
Eurozone confidence worsens

Eurozone confidence worsens

Eurozone consumer confidence fell to a 5-month low in January as the single currency area struggled to contain a sovereign debt crisis, data showed on Thursday. The European Commission said in a flash estimate that consumer morale in the 17-country curren
Published 21 Jan, 2011 12:00am
US home sales surge, jobless claims decline

US home sales surge, jobless claims decline

US home resales jumped more than expected in December despite bad weather as sellers cut prices while jobless claims fell sharply last week, offering some hope for the economy's two key trouble spots. Existing home sales soared 12.3 percent to an annual r
Published 21 Jan, 2011 12:00am
Morgan Stanley profit jumps; Smith Barney pays off

Morgan Stanley profit jumps; Smith Barney pays off

Morgan Stanley's fourth-quarter shareholder profit surged 60 percent as rising fees from retail brokerage helped offset the weak fixed-income trading results that have marred earnings across Wall Street. Adjusted profit fell well short of analysts' averag
Published 21 Jan, 2011 12:00am
Morgan Stanley profit jumps; Smith Barney pays off

Morgan Stanley profit jumps; Smith Barney pays off

Morgan Stanley's fourth-quarter shareholder profit surged 60 percent as rising fees from retail brokerage helped offset the weak fixed-income trading results that have marred earnings across Wall Street. Adjusted profit fell well short of analysts' averag
Published 21 Jan, 2011 12:00am
China's sizzling end to 2010 calls for tighter policy

China's sizzling end to 2010 calls for tighter policy

China finished 2010 with a bang, its growth soaring past forecasts and inflation slowing less than expected, numbers that could prod the government to intensify its easy-does-it approach to tightening. Evidence of robust growth may give officials confiden
Published 21 Jan, 2011 12:00am
Fiscal deficit dips to 1.6 percent of GDP

Fiscal deficit dips to 1.6 percent of GDP

China's budget deficit in 2010 hit about 650 billion yuan ($99 billion), or 1.6 percent of gross domestic product, well below Beijing's target of 2.8 percent set at the beginning of last year, according to preliminary data published by the finance ministr
Published 21 Jan, 2011 12:00am
Jordan expands subsidies, raises salaries

Jordan expands subsidies, raises salaries

Jordan's prime minister announced a surprise pay raise for civil servants and expansion of a state subsidy program on Thursday, days after Muslim opposition vowed more street protests to force the government to step down. It's believed that concern over d
Published 21 Jan, 2011 12:00am
Visa wrangle hits Canada World Cup plans

Visa wrangle hits Canada World Cup plans

Canada's 15-man squad for the World Cup has included three Pakistan-born players who are still awaiting visa clearance to enter India where the team plays four of their six games. The visa wrangle concerns vice-captain Rizwan Cheema, Khurram Chohan and ba
Published 21 Jan, 2011 12:00am
Clijsters juggernaut rolls on at Open

Clijsters juggernaut rolls on at Open

The Kim Clijsters express rolled on relentlessly on day four of the Australian Open Thursday as second seed Vera Zvonareva survived a scare and former number one Jelena Jankovic crashed out. Tournament favourite Clijsters continued her impressive start to
Published 21 Jan, 2011 12:00am
Nadal, Murray, Soderling ease through

Nadal, Murray, Soderling ease through

World number one Rafael Nadal stepped up his bid for a fourth straight Grand Slam title with a crushing win, as leading seeds Andy Murray and Robin Soderling had trouble-free passage at the Australian Open Thursday. Nadal, chasing a non-calendar year Gran
Published 21 Jan, 2011 12:00am
Barca reach Cup semi-finals despite Betis fightback

Barca reach Cup semi-finals despite Betis fightback

A depleted Barcelona reached the King's Cup semi-finals with a 6-3 aggregate win over Real Betis despite losing Wednesday's second leg to the second division leaders. Barca thrashed Seville-based Betis 5-0 in last week's first leg at the Nou Camp and coac
Published 21 Jan, 2011 12:00am
Sensational Nasri helps Arsenal see off Leeds

Sensational Nasri helps Arsenal see off Leeds

Samir Nasri helped Arsenal overcome a potentially tricky FA Cup third round replay as Arsene Wenger's side defeated Leeds 3-1 on Wednesday to book a fourth round date with Huddersfield. After being held 1-1 by Simon Grayson's Championship team at the Emir
Published 21 Jan, 2011 12:00am
Wagah border match gains support

Wagah border match gains support

India's Rohan Bopanna and Pakistani Alsam-ul-Haq Qureshi Thursday urged their governments to allow a tennis match across their heavily fortified border, as support grows for the symbolic event. Bopanna and Qureshi, the "Indo-Pak Express" who hope their do
Published 21 Jan, 2011 12:00am
FIFA quashes talk of winter World Cup

FIFA quashes talk of winter World Cup

FIFA has quashed talk of a winter World Cup in 2022, saying it has no plans to change the international calendar and that any switch of dates would have to be proposed by the Qatari hosts. Qatar also said it was going ahead with organising the tournament
Published 21 Jan, 2011 12:00am
India sets deadline to pay unpaid Commonwealth Games bills

India sets deadline to pay unpaid Commonwealth Games bills

India on Thursday ordered Commonwealth Games organisers to sort out differences with foreign contractors and sports bodies amid complaints and legal threats over millions of dollars in unpaid bills. New Sports Minister Ajay Maken told a news conference he
Published 21 Jan, 2011 12:00am
Pakistan to appear in AFC U-13 Festival of Football

Pakistan to appear in AFC U-13 Festival of Football

Following impressive display at AFC Festival of Football during last four years, PFF is on the way to show same kind of performance at Iran from 10-23 May, 2011 and picked talented school-level players from Academies, AFC AID-27 coaches and February's 13t
Published 21 Jan, 2011 12:00am
Yuan ends down

Yuan ends down

China's yuan ended slightly lower against the dollar on Thursday, offsetting a record high fixing, underlining market scepticism that China will accelerate Chinese currency gains after the Hu-Obama meeting. US President Barack Obama urged Chinese Presiden
Published 21 Jan, 2011 12:00am
Sterling declines

Sterling declines

Sterling fell against the US dollar and the euro on Thursday after the greenback rallied on strong US housing numbers and some large real money accounts reallocated funds away from the pound to the single currency. Also weighing on sterling was a mixed UK
Published 21 Jan, 2011 12:00am
Australian and New Zealand dollars down

Australian and New Zealand dollars down

The Australian dollar fell on Thursday on risk aversion following weaker equities and commodities, while benign inflation data in New Zealand weighed on the kiwi. The high-yielding Aussie $0.9963, having fallen as low as $0.9940, well off a two-week high
Published 21 Jan, 2011 12:00am
Won and peso fall

Won and peso fall

The South Korean won and the Philippine peso led declines in Asian currencies on Thursday, as weaker equities and a stronger dollar made traders close some short-term bets. Foreign investors have been selling stocks and bonds in countries where inflation
Published 21 Jan, 2011 12:00am
Indian rupee retreats

Indian rupee retreats

The Indian rupee retreated from its lowest level in 7 weeks on Thursday as a late pull-back in shares and a reversal in the dollar's gains versus majors prompted banks to liquidate long positions in the US unit. The partially convertible rupee closed at 4
Published 21 Jan, 2011 12:00am
Swiss franc up

Swiss franc up

The Swiss franc inched up against the euro on Thursday as the single currency took a breather after hitting a one-month high against the franc in the previous session. The franc was up 0.3 percent against the euro compared to the New York close, trading a
Published 21 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 Thursday. 71.10/71.10 (previous 71.10/71.10). Call Money Rates: 5.25-10.00 percent (previous 5.50-14.00 percent).
Published 21 Jan, 2011 12:00am
Euro hits eight-week high in New York

Euro hits eight-week high in New York

The euro hit an eight-week high above $1.35 on Wednesday, boosted by increased confidence in Europe's ability to defuse its debt crisis, and could extend gains if it holds ground above important technical levels. Traders said Asian sovereigns were again b
Published 21 Jan, 2011 12:00am
Early trade in New York: Dollar gains broadly

Early trade in New York: Dollar gains broadly

The dollar gained broadly on Thursday as an array of US data suggested the US economy is firmly on a path of recovery, but growing confidence in Europe's ability to defuse its debt crisis should limit the greenback's gains against the euro. US Federal Res
Published 21 Jan, 2011 12:00am
Euro edges up in London

Euro edges up in London

The euro edged up against the dollar on Thursday on persistent demand from sovereign accounts, while investors gave eurozone officials time to make progress on finding a sustainable solution to its debt crisis. The single currency recovered from an early
Published 21 Jan, 2011 12:00am
Euro falters in Asia

Euro falters in Asia

The euro dipped on profit taking on Thursday, after having extended its rally to a two-month high above $1.35 overnight, bringing a key technical level in focus that could throw a speed-bump in its path. Disappointing earnings from Goldman Sachs and weak
Published 21 Jan, 2011 12:00am
Euro interbank rates higher

Euro interbank rates higher

Euro interbank lending rates marched higher as markets continued to digest last week's inflation warning from the European Central Bank and factor in earlier interest rate rises than previously anticipated. Meanwhile, Spain was close to finalising plans f
Published 21 Jan, 2011 12:00am
FTSE sinks to over five-week low

FTSE sinks to over five-week low

Britain's top share index sank to its lowest closing level in more than five weeks on Thursday, weighed down by mining stocks on concerns over potential further monetary tightening by China and its impact on demand. The FTSE 100 closed down 108.79 points,
Published 21 Jan, 2011 12:00am
European shares fall for second day

European shares fall for second day

European shares fell on Thursday, with miners among the casualties, as investors worried that China will have to undertake further monetary tightening to combat inflation after strong growth numbers. The pan-European FTSEurofirst 300 index of top shares f
Published 21 Jan, 2011 12:00am
Indian shares springs back

Indian shares springs back

Indian shares pulled back from an early slide and climbed 0.4 percent on Thursday as investors covered short positions in financial stocks that had fallen sharply over the past three weeks. Sentiment was helped after data showed food inflation eased for t
Published 21 Jan, 2011 12:00am
Bangladesh halts trading again

Bangladesh halts trading again

Bangladeshi regulators halted trading on the plunging Dhaka Stock Exchange on Thursday after it lost 8.6 percent in six minutes, the fastest fall in the bourse's history. The market lost 599.76 points to 6,313.62 soon after trading started on the Dhaka St
Published 21 Jan, 2011 12:00am
Hong Kong, Shanghai shares tumble

Hong Kong, Shanghai shares tumble

Hong Kong and Shanghai stocks tumbled on Thursday after figures showing strong economic growth and persistently high inflation fuelled expectations of further interest rate hikes this year Hong Kong's benchmark Hang Seng Index fell 1.70 percent, or 415.92
Published 21 Jan, 2011 12:00am
South East Asian markets: Singapore posts biggest drop in two months

South East Asian markets: Singapore posts biggest drop in two months

Most Southeast Asian stock markets fell on Thursday, with Singapore posting its biggest drop in two months, as investors sold commodity and resource stocks. Concern about the impact of inflation on corporate margins added to the selling pressure in the co
Published 21 Jan, 2011 12:00am
Treasuries rise

Treasuries rise

The prices of US Treasuries rose on Wednesday as corporate deal pricing fuelled buying, while President Barack Obama and Chinese President Hu Jintao avoided a public clash on currency differences that might have rattled the bond market. A $5 billion deal
Published 21 Jan, 2011 12:00am
Treasuries rise

Treasuries rise

The prices of US Treasuries rose on Wednesday as corporate deal pricing fuelled buying, while President Barack Obama and Chinese President Hu Jintao avoided a public clash on currency differences that might have rattled the bond market. A $5 billion deal
Published 21 Jan, 2011 12:00am
Seoul shares slip

Seoul shares slip

Seoul shares slipped on Thursday, with technology issues such as Samsung Electronics taking a breather after a rally in the previous session and amid falls in banking issues such as KB Financial Group. The Korea Composite Stock Price Index ended down 0.43
Published 21 Jan, 2011 12:00am
Wall Street has worst drop in two months

Wall Street has worst drop in two months

The S&P 500 suffered its biggest decline in nearly two months on Wednesday as disappointing results from Goldman Sachs and Wells Fargo put a damper on the rally. The Nasdaq fell more than 1 percent, its biggest daily percentage loss since November 16, as
Published 21 Jan, 2011 12:00am
Thursday's midday trade: Wall Street stays down

Thursday's midday trade: Wall Street stays down

Wall Street fell for a second day on Thursday as earnings failed to live up to lofty expectations and investors booked profits in a market extended by weeks of gains. Sectors that led the recent rally such as materials and technology were among the worst
Published 21 Jan, 2011 12:00am
Nikkei average falls

Nikkei average falls

Japan's Nikkei average fell on Thursday as weaker-than-expected earnings by key US technology and banking firms, strong Chinese growth data and a weaker dollar prompted investors to lock in profits. The S&P 500 suffered its biggest decline in nearly two m
Published 21 Jan, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan shares closed down 0.7 percent on Thursday, with semiconductors and electronics underperforming as investors took profits after tech shares fell in the United States and Europe. Fund managers said they did not yet see foreign funds leaving Taiwan,
Published 21 Jan, 2011 12:00am
Middle East markets: Aldar at 23-month low

Middle East markets: Aldar at 23-month low

Abu Dhabi's Aldar Properties fell to a 23-month low on Thursday, extending losses since it unveiled a restructuring plan dilutive to shareholders and UAE markets remain weak as Aldar's precedent deters traders. Aldar, which has made losses for four straig
Published 21 Jan, 2011 12:00am
Cotton prices maintain upward trend

Cotton prices maintain upward trend

Cotton prices sustained their upward trajectory this week while a strike call by ginners and the commission agents (arthis) in several Punjab towns continued to protest against withholding tax of 3.5 percent on turnover of agriculture products. With New Y
Published 21 Jan, 2011 12:00am
Cotton prices maintain upward trend

Cotton prices maintain upward trend

Cotton prices sustained their upward trajectory this week while a strike call by ginners and the commission agents (arthis) in several Punjab towns continued to protest against withholding tax of 3.5 percent on turnover of agriculture products. With New Y
Published 21 Jan, 2011 12:00am
Oil cake market rates

Oil cake market rates

Contracts were mixed on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The January vaida that had closed at Rs 1253.60 opened with a gain of 20 paisa at Rs 1253.80. The March vaida which ended at Rs 1238.50 opened w
Published 21 Jan, 2011 12:00am
Slower output, EU sanctions lift Ivorian cocoa prices

Slower output, EU sanctions lift Ivorian cocoa prices

Cocoa prices in top grower Ivory Coast climbed last week amid strong demand from exporters and grinders at the tail end of the main harvest, farmers and exporters said on Thursday. A move by the European Union this week to bar EU-registered vessels from n
Published 21 Jan, 2011 12:00am
Analyst trims EU soft wheat output forecast

Analyst trims EU soft wheat output forecast

French analyst Strategie Grains on Thursday reduced its forecast for the European Union's 2011 soft wheat crop by 900,000 tonnes to 135.6 million tonnes, still 6 percent up on the 127.4 million tonnes harvested last season. The reduction concerned the Wes
Published 21 Jan, 2011 12:00am
Moong prices up, rice rates mixed on grain market

Moong prices up, rice rates mixed on grain market

Moong went up sharply and rice prices were mixed on the wholesales grain and seed market on Thursday amid thin trading, dealers said. On the cereal side moong prices were higher by Rs 300 to Rs 10250. Gur low type shed Rs 100 to Rs 6500 and superior type
Published 21 Jan, 2011 12:00am
Kenyan tea prices up on Jodia Bazar

Kenyan tea prices up on Jodia Bazar

The trading in Kenyan tea items ended higher on Jodia Bazar here on Thursday. The following changes were noted.
Published 21 Jan, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 89,646 tonnes of cargo including 62,739 tonnes of import cargo, 26,907 tonnes of export cargo, 3,583 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 62,739 tonnes compris
Published 21 Jan, 2011 12:00am
Habib Bank declares PLS profit rates

Habib Bank declares PLS profit rates

Habib Bank Limited has declared the profit rates on PLS deposits for the period of six months from 01 July 2010 to 31 December 2010.

Published 21 Jan, 2011 12:00am
Habib Bank declares PLS profit rates

Habib Bank declares PLS profit rates

Habib Bank Limited has declared the profit rates on PLS deposits for the period of six months from 01 July 2010 to 31 December 2010.

Published 21 Jan, 2011 12:00am
New York cotton

New York cotton

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

Published 21 Jan, 2011 12:00am
New York cotton

New York cotton

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

Published 21 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 21 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 21 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 Thursday (January 20, 2011).

Published 21 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 Thursday (January 20, 2011).

Published 21 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 Thursday (January 20, 2011).

Published 21 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 Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 20, 2011).
Published 21 Jan, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Physician among three killed in city

Physician among three killed in city

The unabated killing spree is continue, as three more people including a doctor were targeted in different parts of the metropolitan on Thursday. According to police sources, Dr Imran, 30, son of Fasih was gunned down by unknown pillion riders when he was
Published 21 Jan, 2011 12:00am
Frost and severe cold: vegetable growers advised to save crops

Frost and severe cold: vegetable growers advised to save crops

Punjab Agriculture Department (PAD) has advised the vegetable growers to save their crops from frost and severe cold by reducing the quantity of water being given to the vegetables. In an advisory issued here on Thursday, PAD experts said that water prese
Published 21 Jan, 2011 12:00am
KESC workers' protest turns violent

KESC workers' protest turns violent

KESC workers carrying, MQM flags chanted slogans against retrenchment of 4,000 workers and demanded the "immediate reinstatement". Elsewhere, in front of KESC head office, the leaders of KESC Labour Union (CBA) including chairman Akhlaq Ahmed and hundreds
Published 21 Jan, 2011 12:00am
KESC workers' protest turns violent

KESC workers' protest turns violent

KESC workers carrying, MQM flags chanted slogans against retrenchment of 4,000 workers and demanded the "immediate reinstatement". Elsewhere, in front of KESC head office, the leaders of KESC Labour Union (CBA) including chairman Akhlaq Ahmed and hundreds
Published 21 Jan, 2011 12:00am
Management demands protection against hooliganism

Management demands protection against hooliganism

The Karachi Electric Supply Company has condemned what it says in a press release the criminal negligence of local law enforcing agencies in protecting life of KESC officials at the head offices of the power utility on Wednesday. It has said it expects th
Published 21 Jan, 2011 12:00am
Management demands protection against hooliganism

Management demands protection against hooliganism

The Karachi Electric Supply Company has condemned what it says in a press release the criminal negligence of local law enforcing agencies in protecting life of KESC officials at the head offices of the power utility on Wednesday. It has said it expects th
Published 21 Jan, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Wrong men convicted of Daniel Pearl murder: probe

Wrong men convicted of Daniel Pearl murder: probe

The wrong men were convicted of murdering US reporter Daniel Pearl, who was kidnapped and beheaded in Pakistan in 2002, and US officials stood in the way of the real murdered being brought to justice for the grisly crime, a report released Thursday says.
Published 21 Jan, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Wrong men convicted of Daniel Pearl murder: probe

Wrong men convicted of Daniel Pearl murder: probe

The wrong men were convicted of murdering US reporter Daniel Pearl, who was kidnapped and beheaded in Pakistan in 2002, and US officials stood in the way of the real murdered being brought to justice for the grisly crime, a report released Thursday says.
Published 21 Jan, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Container scam: FBR submits list of 43 officials to Supreme Court

Container scam: FBR submits list of 43 officials to Supreme Court

The Federal Board of Revenue has submitted a list of 43 officials to the Supreme Court of Pakistan, who remained posted at different positions in the Ministry of Finance, the Ministry of Commerce and the FBR along with senior officials who worked as FBR C
Published 21 Jan, 2011 12:00am
Container scam: FBR submits list of 43 officials to Supreme Court

Container scam: FBR submits list of 43 officials to Supreme Court

The Federal Board of Revenue has submitted a list of 43 officials to the Supreme Court of Pakistan, who remained posted at different positions in the Ministry of Finance, the Ministry of Commerce and the FBR along with senior officials who worked as FBR C
Published 21 Jan, 2011 12:00am
Container scam: FBR submits list of 43 officials to Supreme Court

Container scam: FBR submits list of 43 officials to Supreme Court

The Federal Board of Revenue has submitted a list of 43 officials to the Supreme Court of Pakistan, who remained posted at different positions in the Ministry of Finance, the Ministry of Commerce and the FBR along with senior officials who worked as FBR C
Published 21 Jan, 2011 12:00am
Index loses 165.74 points

Index loses 165.74 points

Karachi shares market on third consecutive days witnessed bearish trend and on Thursday KSE-100 index lost 165.74 points. The benchmark KSE-100 closed at 12,411.87 points from 12,577.61 points. During the session the index hit 12,616.10 points intra-day h
Published 21 Jan, 2011 12:00am
Index loses 165.74 points

Index loses 165.74 points

Karachi shares market on third consecutive days witnessed bearish trend and on Thursday KSE-100 index lost 165.74 points. The benchmark KSE-100 closed at 12,411.87 points from 12,577.61 points. During the session the index hit 12,616.10 points intra-day h
Published 21 Jan, 2011 12:00am
Index loses 165.74 points

Index loses 165.74 points

Karachi shares market on third consecutive days witnessed bearish trend and on Thursday KSE-100 index lost 165.74 points. The benchmark KSE-100 closed at 12,411.87 points from 12,577.61 points. During the session the index hit 12,616.10 points intra-day h
Published 21 Jan, 2011 12:00am
BRIndex30 down by 189.8 points

BRIndex30 down by 189.8 points

On Thursday, BRIndex30 opened at 9,385.27. It touched an intraday high of 9,427.41 and an intraday low of 9,177.15 and closed at 9,195.47 which was -189.8 points or -2.02 percent lower than previous close. Total volume was 140,903,559, which was 76.74 per
Published 21 Jan, 2011 12:00am
BRIndex30 down by 189.8 points

BRIndex30 down by 189.8 points

On Thursday, BRIndex30 opened at 9,385.27. It touched an intraday high of 9,427.41 and an intraday low of 9,177.15 and closed at 9,195.47 which was -189.8 points or -2.02 percent lower than previous close. Total volume was 140,903,559, which was 76.74 per
Published 21 Jan, 2011 12:00am
CDWP to approve 58 projects worth Rs 165.28 billion today

CDWP to approve 58 projects worth Rs 165.28 billion today

The Central Development Working Party (CDWP) of Planning Commission will meet today (Friday) to approve 58 projects for various sector costing Rs 165.28 billion with Rs 33.89 billion foreign exchange component, it was learnt. Sources said that the CDWP me
Published 21 Jan, 2011 12:00am
Bearish sentiments prevail on LSE

Bearish sentiments prevail on LSE

Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday and the equities registered declines across the board amid selling pressure mainly because of profit taking blue chips including oil and banking sectors' shares.
Published 21 Jan, 2011 12:00am
Bearish sentiments prevail on LSE

Bearish sentiments prevail on LSE

Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday and the equities registered declines across the board amid selling pressure mainly because of profit taking blue chips including oil and banking sectors' shares.
Published 21 Jan, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 32.28 points, as the Index moved from 3,107.52 to 3,075.24 points.
Published 21 Jan, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 32.28 points, as the Index moved from 3,107.52 to 3,075.24 points.
Published 21 Jan, 2011 12:00am
Gabol's name put on ECL

Gabol's name put on ECL

The name of former state minister and leader of Pakistan People's Party, Nabil Gabol was placed on Exit Control List (ECL), a private TV channel reported Thursday. According to the channel, Gabol's name was put on ECL on recommendations of a highly placed
Published 21 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Jan, 2011 12:00am
'Ministry's approval must for any pact signed by PIA'

'Ministry's approval must for any pact signed by PIA'

Ministry of Defence has not authorised Pakistan International Airlines (PIA) to sign an agreement or MoU with the Turkish Airlines, said Secretary Defence Lieutenant General (Retd) Athar Ali. At the meeting of Public Accounts Committee on Thursday, he cla
Published 21 Jan, 2011 12:00am
'Ministry's approval must for any pact signed by PIA'

'Ministry's approval must for any pact signed by PIA'

Ministry of Defence has not authorised Pakistan International Airlines (PIA) to sign an agreement or MoU with the Turkish Airlines, said Secretary Defence Lieutenant General (Retd) Athar Ali. At the meeting of Public Accounts Committee on Thursday, he cla
Published 21 Jan, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 21 Jan, 2011 12:00am
''Ministry''s approval must for any pact signed by PIA''

''Ministry''s approval must for any pact signed by PIA''

Ministry of Defence has not authorised Pakistan International Airlines (PIA) to sign an agreement or MoU with the Turkish Airlines, said Secretary Defence Lieutenant General (Retd) Athar Ali. At the meeting of Public Accounts Committee on Thursday, he cla
Published 21 Jan, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jan, 2011 12:00am
PSO clarification

PSO clarification

Apropos news item titled "Panezai to replace Haji at PSO?" carried by Business Recorder in its Thursday issue, PSO categorically denies any probability of the current Chairman, Board of Management Nazim Haji being replaced. The said news report is
Published 21 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jan, 2011 12:00am
PSO clarification

PSO clarification

Apropos news item titled "Panezai to replace Haji at PSO?" carried by Business Recorder in its Thursday issue, PSO categorically denies any probability of the current Chairman, Board of Management Nazim Haji being replaced. The said news report is
Published 21 Jan, 2011 12:00am
PSO clarification

PSO clarification

Apropos news item titled "Panezai to replace Haji at PSO?" carried by Business Recorder in its Thursday issue, PSO categorically denies any probability of the current Chairman, Board of Management Nazim Haji being replaced. The said news report is
Published 21 Jan, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Pakistan's foreign exchange reserves jump to $17.281 billion

Pakistan's foreign exchange reserves jump to $17.281 billion

The country's total liquid foreign reserves reached at ever-highest level of $17.281 billion because of high foreign inflows sent by overseas Pakistanis. According to the State Bank of Pakistan (SBP) the country's total liquid foreign reserves have posted
Published 21 Jan, 2011 12:00am
Pakistan's foreign exchange reserves jump to $17.281 billion

Pakistan's foreign exchange reserves jump to $17.281 billion

The country's total liquid foreign reserves reached at ever-highest level of $17.281 billion because of high foreign inflows sent by overseas Pakistanis. According to the State Bank of Pakistan (SBP) the country's total liquid foreign reserves have posted
Published 21 Jan, 2011 12:00am
Pakistan''s foreign exchange reserves jump to $17.281 billion

Pakistan''s foreign exchange reserves jump to $17.281 billion

The country''s total liquid foreign reserves reached at ever-highest level of $17.281 billion because of high foreign inflows sent by overseas Pakistanis. According to the State Bank of Pakistan (SBP) the country''s total liquid foreign reserves have post
Published 21 Jan, 2011 12:00am
Oil workers of Hungarian MOL killed in Kohat

Oil workers of Hungarian MOL killed in Kohat

Gunmen attacked employees of a Hungarian oil and gas company returning from work in north-west Pakistan on Thursday, killing two of them and abducting two others. Four soldiers guarding the convoy were also killed, a top official said. All those killed an
Published 21 Jan, 2011 12:00am
Oil workers of Hungarian MOL killed in Kohat

Oil workers of Hungarian MOL killed in Kohat

Gunmen attacked employees of a Hungarian oil and gas company returning from work in north-west Pakistan on Thursday, killing two of them and abducting two others. Four soldiers guarding the convoy were also killed, a top official said. All those killed an
Published 21 Jan, 2011 12:00am
UK bans Tehrik-i-Taliban Pakistan

UK bans Tehrik-i-Taliban Pakistan

The British Government has banned terrorist organisation Tehrik-i-Taliban Pakistan (TTP) which had carried out bombings across Pakistan and was reportedly linked to last year's failed Times Square terrorist attack in New York. The Home Office (interior Mi
Published 21 Jan, 2011 12:00am
UK bans Tehrik-i-Taliban Pakistan

UK bans Tehrik-i-Taliban Pakistan

The British Government has banned terrorist organisation Tehrik-i-Taliban Pakistan (TTP) which had carried out bombings across Pakistan and was reportedly linked to last year's failed Times Square terrorist attack in New York. The Home Office (interior Mi
Published 21 Jan, 2011 12:00am
THE RUPEE: dollar higher in interbank deals

THE RUPEE: dollar higher in interbank deals

As a result of strong demand for dollars by importers the rupee depreciated in relation to the US currency in interbank dealings on the currency market on Thursday, dealers said. The rupee dropped 11 paisa against dollar for buying at 86.79 and shed 10 pa
Published 21 Jan, 2011 12:00am
British minister Warsi attacks 'acceptable' Islamophobia

British minister Warsi attacks 'acceptable' Islamophobia

The first Muslim woman to sit in the British cabinet warned on Thursday that discrimination against Muslims in Britain has become socially acceptable and must be tackled. "It has seeped into our society in a way where it is acceptable around dinner to hav
Published 21 Jan, 2011 12:00am
THE RUPEE: dollar higher in interbank deals

THE RUPEE: dollar higher in interbank deals

As a result of strong demand for dollars by importers the rupee depreciated in relation to the US currency in interbank dealings on the currency market on Thursday, dealers said. The rupee dropped 11 paisa against dollar for buying at 86.79 and shed 10 pa
Published 21 Jan, 2011 12:00am
British minister Warsi attacks 'acceptable' Islamophobia

British minister Warsi attacks 'acceptable' Islamophobia

The first Muslim woman to sit in the British cabinet warned on Thursday that discrimination against Muslims in Britain has become socially acceptable and must be tackled. "It has seeped into our society in a way where it is acceptable around dinner to hav
Published 21 Jan, 2011 12:00am
Monitoring of Afghan cargo: four customs checkposts non-functional

Monitoring of Afghan cargo: four customs checkposts non-functional

The four customs checkposts set up by the Federal Board of Revenue (FBR) at Baburloi, Khairabad, Khur Khera and Baleli for monitoring of Afghan transit cargo are almost non-functional. The FTO report on "ISAF containers scam' revealed that the Customs Dep
Published 21 Jan, 2011 12:00am
Monitoring of Afghan cargo: four customs checkposts non-functional

Monitoring of Afghan cargo: four customs checkposts non-functional

The four customs checkposts set up by the Federal Board of Revenue (FBR) at Baburloi, Khairabad, Khur Khera and Baleli for monitoring of Afghan transit cargo are almost non-functional. The FTO report on "ISAF containers scam' revealed that the Customs Dep
Published 21 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Monitoring of Afghan cargo: four customs checkposts non-functional

Monitoring of Afghan cargo: four customs checkposts non-functional

The four customs checkposts set up by the Federal Board of Revenue (FBR) at Baburloi, Khairabad, Khur Khera and Baleli for monitoring of Afghan transit cargo are almost non-functional. The FTO report on "ISAF containers scam'' revealed that the Customs De
Published 21 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (January 20, 2011) and for Friday (January 21, 2011).
Published 21 Jan, 2011 12:00am
ZTBL appointments issue: IHC seeks comments from SBP Governor

ZTBL appointments issue: IHC seeks comments from SBP Governor

The Islamabad High Court (IHC) on Thursday sought comments from Governor State Bank of Pakistan, Secretary Establishment, Secretary Finance and President of Zari Taraqiati Bank Limited (ZTBL) over observance of rules and regulations in the appointments ma
Published 21 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 21 Jan, 2011 12:00am
Foreign office contradicts report

Foreign office contradicts report

Foreign Office on Thursday categorically denied a news item published in a section of press about treatment of Taliban leader Mullah Omar in Pakistan. Foreign Office Spokesman Abdul Basit while commenting on the news item that Afghan Taliban leader Mullah
Published 21 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 21 Jan, 2011 12:00am
Hospitalisation of Mullah Omar: Taliban rejects report

Hospitalisation of Mullah Omar: Taliban rejects report

A Taliban spokesman rejected a report Thursday that the group's little-seen one-eyed leader was treated for a heart attack in a Pakistani hospital with the help of that country's spy agency. The report from a private intelligence-gathering company was unf
Published 21 Jan, 2011 12:00am
Wajid Durrani new IGP Islamabad

Wajid Durrani new IGP Islamabad

Wajid Durrani has been appointed new Inspector General Police (IGP) of Islamabad, official sources said. The out-going IGP Syed Kaleem Imam remained Islamabad police chief for more than one-and-a-half year.
Published 21 Jan, 2011 12:00am
Plea to take cognisance of plunder of national exchequer

Plea to take cognisance of plunder of national exchequer

Imtiaz Ali Khuhro, chairman Employees Welfare Action Committee of National Development Finance Corporation (NDFC) on Thursday appealed to the Chief Justice Iftikhar Muhammad Chaudhry to take cognisance of worst ever plunder of national exchequer to the tu
Published 21 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
PCO case: judges blame Musharraf

PCO case: judges blame Musharraf

The superior court judges facing contempt charges for taking oath under the Provisional Constitutional Order (PCO) on Thursday shifted the blame to former President Pervez Musharraf, pleading for initiation of proceedings against him under charges of high
Published 21 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Thursday (January 20, 2011) and the forecast for Friday (January 21, 2011).

Published 21 Jan, 2011 12:00am
Seminar on teachings of Hazrat Data Ganj Bakhsh

Seminar on teachings of Hazrat Data Ganj Bakhsh

Minister Religious Affairs Auqaf Haji Ihsan-ul-Din Qureshi has said that the extract of Hazrat Data Gunj Bukhsh's teachings is love and he never hated anyone even to his enemy.
Published 21 Jan, 2011 12:00am
Sugar import: Senate panel concerned at ruling out TCP

Sugar import: Senate panel concerned at ruling out TCP

There is a shortage of 840,000 tons of sugar in the country and the government has allowed private sector to import raw sugar without regulatory duty. According to government strategy 2010-11," private sector has been allowed to import raw sugar and withd
Published 21 Jan, 2011 12:00am
PPP, MQM decide to strengthen bilateral ties

PPP, MQM decide to strengthen bilateral ties

Leaders of Pakistan People's Party (PPP), and Muttahida Qaumi Movement (MQM), on Thursday decided to strengthen the relations and reconciliation between them. This was decided in a meeting of the leaders of the two political entities held at Sindh Chief M
Published 21 Jan, 2011 12:00am
LHC summons AGP on January 27

LHC summons AGP on January 27

A full bench of the Lahore High Court (LHC) here on Thursday summoned Attorney General of Pakistan (AGP) on January 27 in some identical petitions filed by 26 members provincial and national assembly challenging their qualification. MPAs and MNAs have rai
Published 21 Jan, 2011 12:00am
Altaf for reinstatement of sacked employees of KESC

Altaf for reinstatement of sacked employees of KESC

Muttahida Qaumi Movement (MQM), Chief Altaf Hussain has called for immediate reinstatement of all the sacked employees of Karachi Electric Supply Company (KESC). Altaf Hussain has said that the administration must restore all the employees to their positi
Published 21 Jan, 2011 12:00am
IGI Investment Bank launches 'Fund Select Portal'

IGI Investment Bank launches 'Fund Select Portal'

IGI Investment Bank Limited has introduced "Fund Select Portal". This is a web based portal facilitating both corporate and retail investors with on-line access to information concerning their investment and the industry.
Published 21 Jan, 2011 12:00am
HBFCL honours outgoing chairman of trade union

HBFCL honours outgoing chairman of trade union

House Building Finance Corporation Limited (HBFCL), the country's oldest housing finance institution, recently held a ceremony to honour Malik Asif Hayat, the outgoing Chairman of the trade union. He was recognised for his invaluable contributions to both
Published 21 Jan, 2011 12:00am
MCB's AMC merges with Arif Habib Investments: accord inked

MCB's AMC merges with Arif Habib Investments: accord inked

MCB Bank, sponsors of MCB Asset Management Company Limited and shareholders of Arif Habib Investments Limited signed the shareholders' agreement on January 19, 2011 for the proposed merger of their asset management companies. The shareholder agreement was
Published 21 Jan, 2011 12:00am
Branchless banking is future of financial sector: Kardar

Branchless banking is future of financial sector: Kardar

Governor State Bank of Pakistan (SBP), Shahid H. Kardar has said branchless banking is future of the country's financial sector as it opens up great opportunities for banks to tap into the un-exploited potential by bringing the unbanked segment of the soc
Published 21 Jan, 2011 12:00am
Branchless banking: UBL to receive support from SBI

Branchless banking: UBL to receive support from SBI

United Bank Limited (UBL) has announced to receive support from ShoreBank International Ltd (SBI) through a $6.9 million grant to SBI from the Bill and Melinda Gates Foundation to scale up the electronic services platform in Pakistan called UBL Omni.
Published 21 Jan, 2011 12:00am
25 cars, 61 motorcycles auctioned

25 cars, 61 motorcycles auctioned

Auction of unclaimed vehicles under the supervision of Civil Judge and Judicial Magistrate, Karachi Central, Ahsan Khan Durrani, nominee of Supreme Court of Pakistan was held on Thursday from 9 am to 5.00 pm. Large number of people representing all walks
Published 21 Jan, 2011 12:00am
ZONG's M9 receives extraordinary response

ZONG's M9 receives extraordinary response

ZONG, received an astounding response to their brand new package "M9". The service gives its subscribers the flexibility to design their own package. M9 is offering wide range of M9 plans allowing its user to pick one of them with as low as 0.90 paisa/min
Published 21 Jan, 2011 12:00am
Amendment in ITO 2001: SRO 09(1)/2011 termed draconian for taxpayers

Amendment in ITO 2001: SRO 09(1)/2011 termed draconian for taxpayers

Income Tax Bar Association (ITBA) on Thursday termed the amendment made in Income Tax Ordinance (ITO), 2001 through S.R.O. 09(1)/2011 as draconian for taxpayers. In a letter to the high-ups in the Federal Board of Revenue (FBR) said the board had made pub
Published 21 Jan, 2011 12:00am
CDC implements Automation of Securities Transfer Mechanism

CDC implements Automation of Securities Transfer Mechanism

Central Depository Company (CDC) in collaboration with NCCPL recently implemented the Automation of Securities Transfer Mechanism in the Central Depository System. This project was initiated in 2008 as a joint effort by CDC and NCCPL, with the objective o
Published 21 Jan, 2011 12:00am
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