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Archive - 2011-01-25
Japanese stocks rise 1.15%
Financial

Japanese stocks rise 1.15%

TOKYO: Japanese shares gained 1.15 percent Tuesday on continued hopes for strong domestic and US corporate earnings, dea
Published 25 Jan, 2011 10:15am
What a precedent to set!
BR Research

What a precedent to set!

So its finally been established. Vandalism, violent protests and support from the politicians is what it takes to get just about anything do
Published 25 Jan, 2011 12:00am
Pakistan Petroleum Limited
BR Research

Pakistan Petroleum Limited

The investors at the KSE were not much flattered by the superior half yearly performance that the Pakistan Petroleum Limited (PPL) announced
Published 25 Jan, 2011 12:00am
Four decades from now
BR Research

Four decades from now

The importance of long-term forecasts by financial institutions, industrial groups, or government bureaucrats may be water downed for being
Published 25 Jan, 2011 12:00am
Spain's government will take over weak banks

Spain's government will take over weak banks

Spain's savings banks, considered a fiscal liability for the government, have 7 months to boost capital through private investors or the state will partially take them over, Economy Minister Elena Salgado said on Monday. Salgado said the total capital req
Published 25 Jan, 2011 12:00am
Sarkozy wants transparency to tame food prices

Sarkozy wants transparency to tame food prices

France on Monday focused on supply transparency to curb wild swings in food prices as it unveiled new proposals on commodities regulation, a target seen more achievable than a deep overhaul of derivatives markets.
Published 25 Jan, 2011 12:00am
Berlin agrees new rules for ailing property funds

Berlin agrees new rules for ailing property funds

Germany's ruling coalition has agreed new regulations for open-ended real estate funds, which have suffered from volatile investor behaviour, financial experts involved in talks told Reuters on Monday. From 2013, the cancellation period for investors will
Published 25 Jan, 2011 12:00am
McDonald's sales fall

McDonald's sales fall

McDonald's Corp reported weaker-than-expected December sales at established European and US restaurants as poor weather hurt demand, and said its food costs would rise in 2011. Shares of the world's largest hamburger chain were down about 4 cents in early
Published 25 Jan, 2011 12:00am
Major developer sees no property bubble in China

Major developer sees no property bubble in China

The chairman of one of the mainland's biggest developers on Monday dismissed fears of a property bubble in China and said government measures to curb real estate prices were hurting developers.
Published 25 Jan, 2011 12:00am
US to sell final Citigroup holding

US to sell final Citigroup holding

The US government plans to sell its last holding in rescued banking giant Citigroup, the Treasury Department said Monday. The Treasury said it would hold a one-day public auction Tuesday of its remaining 465 million warrants in the bank.
Published 25 Jan, 2011 12:00am
Group paintings exhibition TRI concludes

Group paintings exhibition TRI concludes

Group paintings exhibition titled "TRI" of three Karachi-based artists A.S.Rind, Mashkoor Raza and Salman Farooqi has concluded at the Revivers Galleria in Gulberg here.
Published 25 Jan, 2011 12:00am
MQM demands declaration of parliamentarians' assets

MQM demands declaration of parliamentarians' assets

Muttahida Qaumi Movement (MQM) has demanded of the government that assets of all parliamentarians should be declared to ascertain the tax being paid by each legislator. Talking to media persons outside Parliament House on Monday, the party's parliamentary
Published 25 Jan, 2011 12:00am
Radio employees to get 50 percent pay raise: Kaira

Radio employees to get 50 percent pay raise: Kaira

Minister for Information and Broadcasting Qamar Zaman Kaira on Monday assured the employees of Radio Pakistan that they would also get the 50 percent pay raise announced in the current budget for public sector, within one week. He was addressing the emplo
Published 25 Jan, 2011 12:00am
Etisalat eyes takeover of Pakistan's Nayatel

Etisalat eyes takeover of Pakistan's Nayatel

Telecoms operator Etisalat is in takeover talks with internet provider Nayatel, one of Pakistan's fastest-growing companies. "They want to totally buy us out," Nayatel chairman Rashid Khan told Reuters in an interview, adding talks had slowed over the pot
Published 25 Jan, 2011 12:00am
Two gunned down in Panjgur

Two gunned down in Panjgur

Two people were killed when unknown armed men opened fire at them on Monday. Police official said that gunmen entered a Tandoor and shot dead two people Ghulam Haider and Haji Mohammad sitting in the shop on the spot. The assailants escaped the crime scen
Published 25 Jan, 2011 12:00am
IHC declares ZTBL Assistant Vice President's transfer void

IHC declares ZTBL Assistant Vice President's transfer void

A single member bench of Islamabad High Court (IHC) on Monday declared transfer notificaiton of Assistant Vice President of Zari Taraqaiti Bank limited (ZTBL) void. The court also directed ZTBL management to release with held salary and incentives of the
Published 25 Jan, 2011 12:00am
Broker-chairman of KSE BoD: EGM fails to obtain absolute majority

Broker-chairman of KSE BoD: EGM fails to obtain absolute majority

The Karachi Stock Exchange (KSE) members on Monday failed to pass a resolution for broker-chairman at KSE board with absolute majority. The extraordinary general meeting of the KSE members was held here with a single-point agenda to amend articles of asso
Published 25 Jan, 2011 12:00am
MOL suspends extraction from Pakistani oil and gas well

MOL suspends extraction from Pakistani oil and gas well

Hungarian oil group MOL has suspended extraction from its Maramzai well in Pakistan, a site near which two of its subcontractors were killed and two kidnapped last week, MOL said on Monday. "About 90 people, most of them MOL employees, work there," MOL sp
Published 25 Jan, 2011 12:00am
Power situation improves

Power situation improves

Power situation improved on Monday with temperate temperature, convincing the consumers to reduce usage of electric heaters. Power generation stood at 10487MW against a demand of 12102MW, reducing the gap between demand and supply to 1615MW. Supply to the
Published 25 Jan, 2011 12:00am
Crackdown on drug pushers: DG ANF briefed about progress

Crackdown on drug pushers: DG ANF briefed about progress

Director General Anti Narcotics Force (ANF), General Syed Shakeel Hussain called on Capital City Police Officer (CCPO), Muhammad Aslam Tareen here on Monday. During the meeting, various matters of professional interest came under discussion.
Published 25 Jan, 2011 12:00am
PIAF chairman, vice chairmen elected

PIAF chairman, vice chairmen elected

Sohail Lashari, Nadar Kamal Osman and Junaid Iqbal Sheikh have been elected unopposed as chairman and vice chairmen, respectively, of Pakistan Industrial & Traders Association Front (PIAF). The election process commenced on January 12th with the dispatch
Published 25 Jan, 2011 12:00am
Textile Asia exhibition from April 16

Textile Asia exhibition from April 16

Ecommerce Gateway Pakistan is organising 8th Textile Asia International Exhibition at Karachi Expo Centre from April 16 to 18th, 2011. Ecommerce Gateway has urged upon the members of Pakistan Hosiery Manufacturers and Exporters Association to participate
Published 25 Jan, 2011 12:00am
Call for encouraging slow learners

Call for encouraging slow learners

Foundation for Rehabilitation and Education of Special Children (FRESH) Chairperson Ashba Kamran has called for encouraging slow learners so that they could become useful citizens. She has also appealed the parents to reassess their attitude toward their
Published 25 Jan, 2011 12:00am
Fertiliser price hike may not help achieve targets

Fertiliser price hike may not help achieve targets

Punjab Agriculture Minister, Malik Ahmad Ali Aulakh has expressed the fear that price hike in urea fertiliser may result in unachieved production targets of wheat and other Rabi crops.
Published 25 Jan, 2011 12:00am
Finance graduates urged to focus on public practices

Finance graduates urged to focus on public practices

Head of Association of Chartered Certified Accountants (ACCA) Pakistan, Arif Masud Mirza has said that young finance graduates are today focused more on public practices which increases chances of their international mobility.
Published 25 Jan, 2011 12:00am
PTI slams government's anti-people policies

PTI slams government's anti-people policies

Ahsen Rasheed, President Pakistan Tehreek-e-Insaf, expressed severe apprehensions regarding the governance of the country by pseudo statesmen who themselves are pushing the country into deep crisis and the continuation of these failed policies will have d
Published 25 Jan, 2011 12:00am
'Exporters to suffer huge losses from EU concessions'

'Exporters to suffer huge losses from EU concessions'

Value-Added Textile Forum (VTF) leader Muhammad Aasim Shah has said that ministries of commerce and foreign affairs and exporters, to get duty-free access to the European Union markets, have to bear huge losses when they would meet the demand of the forei
Published 25 Jan, 2011 12:00am
Transparency to be ensured in Ashiyana housing project

Transparency to be ensured in Ashiyana housing project

Punjab Chief Minister, Shahbaz Sharif has said transparency will be ensured in Ashiyana Housing project at any cost. The chief minister further said that board of directors should select well-reputed companies for these projects, which would definitely en
Published 25 Jan, 2011 12:00am
PHC to be fully independent body

PHC to be fully independent body

The Punjab government has no intention to take over private health care establishments and the basic objective behind setting up of Punjab Healthcare Commission (PHC) is to ensure an independent regulatory mechanism to get an efficient health care system
Published 25 Jan, 2011 12:00am
Shabab-e-Milli denounces setting up of committee on Basant

Shabab-e-Milli denounces setting up of committee on Basant

Shabab-e-Milli Chief, Attiqur Rahman and Acting Secretary, Ahmed Salman Baloch have denounced the setting up of a committee on Basant (kite flying) by the PML-N leader Mian Nawaz Sharif, saying that the move reflects the mindset of the PML-N chief.
Published 25 Jan, 2011 12:00am
Hilal-e-Ahmar sets up first aid camps

Hilal-e-Ahmar sets up first aid camps

Hilal-e-Ahmar Lahore has established first aid camps and appointed its volunteers to face any causality on the occasion of urs taking place in Punjab. According to a statement issued here on Monday, these first aid camps will perform their duties three da
Published 25 Jan, 2011 12:00am
Football pundits red carded in sexism row

Football pundits red carded in sexism row

A pair of British television football pundits caught up in a sexism row have been dropped from covering Monday's Premier League game between Bolton and Chelsea. Andy Gray, the former Scotland international, and Richard Keys were stood down by Sky Sports a
Published 25 Jan, 2011 12:00am
HCBF win Inter-collegiate championship

HCBF win Inter-collegiate championship

Punjab University's Hailey College of Banking Finance (HCBF) defeated the College of Earth and Environmental Sciences (CEES) team in the opening match of Punjab University Inter-Collegiate Cricket Championship by 8 wickets on Monday. College of Earth and
Published 25 Jan, 2011 12:00am
Inzamam blasts PCB over World Cup build-up

Inzamam blasts PCB over World Cup build-up

Former Pakistan cricket captain Inzamam-ul-Haq Monday accused the sport's authorities of creating factions within the national side by delaying the naming of a captain for next month's World Cup. Pakistan is the only one of 14 competing teams to have fail
Published 25 Jan, 2011 12:00am
Aisam, Bopanna crashed out at Australian Open

Aisam, Bopanna crashed out at Australian Open

Pakistan's tennis ace, Aisamul-Haq and his Indian partner Rohan Bopanna, once again failed to live up to the expectations and crashed out of the Australian Open doubles event in the third round here Monday. This time Nanad Zimonjic of Serbia & Michael Llo
Published 25 Jan, 2011 12:00am
Inspectors visit Cup venues

Inspectors visit Cup venues

Inspectors visited Mumbai's Wankhede stadium on Monday ahead of the cricket World Cup starting next month amid growing concern over delayed preparations for the six-week event. The Wankhede ground in Mumbai, which has been completely rebuilt, and Kolkata'
Published 25 Jan, 2011 12:00am
Commonwealth Games chiefs sacked amid graft probe

Commonwealth Games chiefs sacked amid graft probe

India's sports ministry on Monday removed the top two organisers of last year's tainted Commonwealth Games in New Delhi to enable an "unhindered" police probe into alleged corruption. Suresh Kalmadi, chairman of the Games organising committee, and Lalit B
Published 25 Jan, 2011 12:00am
Nadal and Murray march on in Melbourne

Nadal and Murray march on in Melbourne

Rafa Nadal shook off the sweats to savage Croatian Marin Cilic and reach the quarter-finals of the Australian Open on a Melbourne Monday evening as cool as the top seed was hot.
Published 25 Jan, 2011 12:00am
Textile performance - Bangladesh outclasses Pakistan

Textile performance - Bangladesh outclasses Pakistan

If Pakistan has its name in the history, perhaps as the oldest or certainly one of the oldest home of cotton then Bangladesh has its name in the history as the producer of finest quality of cloth /fabric specially world fame product named Dhaka muslin (Dh
Published 25 Jan, 2011 12:00am
Textile performance - Bangladesh outclasses Pakistan

Textile performance - Bangladesh outclasses Pakistan

If Pakistan has its name in the history, perhaps as the oldest or certainly one of the oldest home of cotton then Bangladesh has its name in the history as the producer of finest quality of cloth /fabric specially world fame product named Dhaka muslin (Dh
Published 25 Jan, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 295,629 tonnes of cargo including 201,736 tonnes of import cargo, 93,893 tonnes of export cargo, 6,497 loaded and empty containers during last 48 hours ended at 0700 hours on Monday.
Published 25 Jan, 2011 12:00am
China's wheat-growing areas hit by worst drought

China's wheat-growing areas hit by worst drought

Most of China's wheat-growing areas in the north are suffering from drought with some seeing no rain for more than three months while the second most important wheat province of Shandong is facing its worst drought in a century.
Published 25 Jan, 2011 12:00am
Kenya's 2010 tea output jumps 27 percent

Kenya's 2010 tea output jumps 27 percent

Kenya's 2010 tea output jumped 27 percent to 399 million kg from the previous year and earnings rocketed 40 percent to 97 billion shillings ($1.21 billion), the country's industry regulator said on Monday. Kenya, the global leader in black tea exports, pr
Published 25 Jan, 2011 12:00am
Burundi's 2010 tea earnings rise 17 percent

Burundi's 2010 tea earnings rise 17 percent

Burundi's 2010 tea earnings rose 17 percent from the previous year, helped by increased output and higher prices on the world market, the country's tea board said on Monday. The state-run tea board (OTB) sold 7,561 tonnes of tea at home and overseas for $
Published 25 Jan, 2011 12:00am
Oil cake market rates

Oil cake market rates

Contracts were mixed on the forward cottonseed oilcake market Monday in process of trading, dealers said. The January vaida that had closed at Rs 1253.10 opened with a rise of 40 paisa to Rs 1253.50. The March vaida which ended at Rs 1237.80 opened with
Published 25 Jan, 2011 12:00am
Grams prices turn higher on grain market

Grams prices turn higher on grain market

Grams prices were higher on the wholesales grain and seed market on Monday as most of traders bought grams to meet their requirements, dealers said. On the gram side yellow peas Canada gained Rs 50 to Rs 3300-3450, yellow peas Canada Dal picked up the sam
Published 25 Jan, 2011 12:00am
Marked improvement in current account balance

Marked improvement in current account balance

In a country beset with so many problems like rising inflation, falling revenues, expanding fiscal deficit and stagnating growth prospects, it was a pleasant surprise to see that current account balance has posted a surplus of dollar 26 million during the
Published 25 Jan, 2011 12:00am
New accommodation for legislators

New accommodation for legislators

Prime Minister Yousuf Raza Gilani inaugurated phase-II of the Parliamentarians Lodges on Wednesday, raising eyebrows, including those of the Leader of the Opposition in the National Assembly, Chaudhry Nisar Ali Khan. In a letter sent to the Prime Minister
Published 25 Jan, 2011 12:00am
Change - the undeniable imperative

Change - the undeniable imperative

On January 19, at the ground-breaking ceremony of the controversial new parliamentarians' lodges in Islamabad (estimated cost Rs 3 billion), the Prime Minister said his government faces 'economic', not political challenges i.e. his government won't collap
Published 25 Jan, 2011 12:00am
Mobile phone service gives advice to Philippine farmers

Mobile phone service gives advice to Philippine farmers

For the past several years, Pascual Madrid applied the first round of fertilizer on his rice field 20 days after the seedlings were transplanted, a practice he learned from his father. Last week, he was told he should do it earlier.
Published 25 Jan, 2011 12:00am
Creating corporate anarchy

Creating corporate anarchy

January 23, 2011, was a day of corporate disaster in the history of Pakistan when an inept, visionless and expedient ruling political leadership, playing to the gallery and unable to manage and contain public disorder, created by protesting sacked employe
Published 25 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 25 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 25 Jan, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (January 24, 2011).
Published 25 Jan, 2011 12:00am
IMF sees global growth in 2011 just under 4.75 percent

IMF sees global growth in 2011 just under 4.75 percent

The International Monetary Fund expects global economic growth in 2011 to be just slightly slower than last year's rate of 4.75 percent, its deputy managing director said on Monday. "The fund's report to be released tomorrow... (I can confirm) 2011 global
Published 25 Jan, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Measures to control inflation: magistracy system may be revived

Measures to control inflation: magistracy system may be revived

The government is likely to revive the defunct magistracy system and enforce in letter and spirit Profiteering and Hoarding Act to deal with the rising inflation, it is learnt. Sources said a meeting of provincial chief secretaries held here on Monday fin
Published 25 Jan, 2011 12:00am
Measures to control inflation: magistracy system may be revived

Measures to control inflation: magistracy system may be revived

The government is likely to revive the defunct magistracy system and enforce in letter and spirit Profiteering and Hoarding Act to deal with the rising inflation, it is learnt. Sources said a meeting of provincial chief secretaries held here on Monday fin
Published 25 Jan, 2011 12:00am
Measures to control inflation: magistracy system may be revived

Measures to control inflation: magistracy system may be revived

The government is likely to revive the defunct magistracy system and enforce in letter and spirit Profiteering and Hoarding Act to deal with the rising inflation, it is learnt. Sources said a meeting of provincial chief secretaries held here on Monday fin
Published 25 Jan, 2011 12:00am
Suicide bomber kills 35 at Moscow's airport

Suicide bomber kills 35 at Moscow's airport

A suicide bomber killed at least 35 people at Russia's biggest airport on Monday in an attack that bore the hallmarks of militants fighting for an Islamic state in the north Caucasus region.
Published 25 Jan, 2011 12:00am
Suicide bomber kills 35 at Moscow's airport

Suicide bomber kills 35 at Moscow's airport

A suicide bomber killed at least 35 people at Russia's biggest airport on Monday in an attack that bore the hallmarks of militants fighting for an Islamic state in the north Caucasus region.
Published 25 Jan, 2011 12:00am
Notices and subsequent penalties: IT wing may be empowered

Notices and subsequent penalties: IT wing may be empowered

The Federal Board of Revenue is planning to empower the Information Technology (IT) wing to issue notices and impose penalty on the registered persons through a centralised e-system without changes in tax laws. Sources told Business Recorder on Mon
Published 25 Jan, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Notices and subsequent penalties: IT wing may be empowered

Notices and subsequent penalties: IT wing may be empowered

The Federal Board of Revenue is planning to empower the Information Technology (IT) wing to issue notices and impose penalty on the registered persons through a centralised e-system without changes in tax laws. Sources told Business Recorder on Mon
Published 25 Jan, 2011 12:00am
Notices and subsequent penalties: IT wing may be empowered

Notices and subsequent penalties: IT wing may be empowered

The Federal Board of Revenue is planning to empower the Information Technology (IT) wing to issue notices and impose penalty on the registered persons through a centralised e-system without changes in tax laws. Sources told Business Recorder on Mon
Published 25 Jan, 2011 12:00am
PSM raises six products' prices

PSM raises six products' prices

The Pakistan Steel Mills Corporation (PSMC) has announced to raise prices of the six products by amounts up to Rs 4,150 per ton, to rationalise its prices in line with international market prices, traders said on Monday. "The current raise in six steel it
Published 25 Jan, 2011 12:00am
PSM raises six products' prices

PSM raises six products' prices

The Pakistan Steel Mills Corporation (PSMC) has announced to raise prices of the six products by amounts up to Rs 4,150 per ton, to rationalise its prices in line with international market prices, traders said on Monday. "The current raise in six steel it
Published 25 Jan, 2011 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (January 24, 2011).
Published 25 Jan, 2011 12:00am
PSM raises six products'' prices

PSM raises six products'' prices

The Pakistan Steel Mills Corporation (PSMC) has announced to raise prices of the six products by amounts up to Rs 4,150 per ton, to rationalise its prices in line with international market prices, traders said on Monday. "The current raise in six steel it
Published 25 Jan, 2011 12:00am
61.32 points decline in index

61.32 points decline in index

Bearish trend was witnessed at Karachi share market on Monday due to profit taking, mainly by institutions. As a result, the KSE-100 index declined by 61.32 points to close at 12,370.59 points.
Published 25 Jan, 2011 12:00am
61.32 points decline in index

61.32 points decline in index

Bearish trend was witnessed at Karachi share market on Monday due to profit taking, mainly by institutions. As a result, the KSE-100 index declined by 61.32 points to close at 12,370.59 points.
Published 25 Jan, 2011 12:00am
61.32 points decline in index

61.32 points decline in index

Bearish trend was witnessed at Karachi share market on Monday due to profit taking, mainly by institutions. As a result, the KSE-100 index declined by 61.32 points to close at 12,370.59 points.
Published 25 Jan, 2011 12:00am
BRIndex30 down 62.98 points

BRIndex30 down 62.98 points

On Monday, the BRIndex30 opened at 9,180.36 points. It touched the intra-day high of 9,181.69 points and low of 9,106.47 points and closed at 9,117.38 points with a net negative change of -62.98 points, or -0.69 percent.
Published 25 Jan, 2011 12:00am
BRIndex30 down 62.98 points

BRIndex30 down 62.98 points

On Monday, the BRIndex30 opened at 9,180.36 points. It touched the intra-day high of 9,181.69 points and low of 9,106.47 points and closed at 9,117.38 points with a net negative change of -62.98 points, or -0.69 percent.
Published 25 Jan, 2011 12:00am
Vintage for used cars import: FBR changes stance

Vintage for used cars import: FBR changes stance

In a surprise move, the Federal Board of Revenue(FBR) has opposed increase from 3 years to 5 years in age limit for used cars to be imported under three schemes of Commerce Ministry for overseas Pakistanis, sources close to Secretary Industries told Bu
Published 25 Jan, 2011 12:00am
Vintage for used cars import: FBR changes stance

Vintage for used cars import: FBR changes stance

In a surprise move, the Federal Board of Revenue(FBR) has opposed increase from 3 years to 5 years in age limit for used cars to be imported under three schemes of Commerce Ministry for overseas Pakistanis, sources close to Secretary Industries told Bu
Published 25 Jan, 2011 12:00am
Vintage for used cars import: FBR changes stance

Vintage for used cars import: FBR changes stance

In a surprise move, the Federal Board of Revenue(FBR) has opposed increase from 3 years to 5 years in age limit for used cars to be imported under three schemes of Commerce Ministry for overseas Pakistanis, sources close to Secretary Industries told Bu
Published 25 Jan, 2011 12:00am
Mashal, LNG projects: ECC required to make tough decision today

Mashal, LNG projects: ECC required to make tough decision today

The Ministry of Law and Justice has reportedly refused to reconsider its earlier 'verdict' on the much controversial Mashal Pakistan and short-term Liquefied Natural Gas (LNG) project, saying that the projects should be re-awarded in a highly transparent
Published 25 Jan, 2011 12:00am
Mashal, LNG projects: ECC required to make tough decision today

Mashal, LNG projects: ECC required to make tough decision today

The Ministry of Law and Justice has reportedly refused to reconsider its earlier 'verdict' on the much controversial Mashal Pakistan and short-term Liquefied Natural Gas (LNG) project, saying that the projects should be re-awarded in a highly transparent
Published 25 Jan, 2011 12:00am
Mashal, LNG projects: ECC required to make tough decision today

Mashal, LNG projects: ECC required to make tough decision today

The Ministry of Law and Justice has reportedly refused to reconsider its earlier ''verdict'' on the much controversial Mashal Pakistan and short-term Liquefied Natural Gas (LNG) project, saying that the projects should be re-awarded in a highly transparen
Published 25 Jan, 2011 12:00am
FBR adds new provision to Customs Rules on APTTA

FBR adds new provision to Customs Rules on APTTA

The financial security obtained against the clearance of goods under the Afghanistan Pakistan Transit Trade Agreement (APTTA) would not be released unless or until it is confirmed that the transit goods have actually reached Afghanistan.
Published 25 Jan, 2011 12:00am
FBR adds new provision to Customs Rules on APTTA

FBR adds new provision to Customs Rules on APTTA

The financial security obtained against the clearance of goods under the Afghanistan Pakistan Transit Trade Agreement (APTTA) would not be released unless or until it is confirmed that the transit goods have actually reached Afghanistan.
Published 25 Jan, 2011 12:00am
FBR adds new provision to Customs Rules on APTTA

FBR adds new provision to Customs Rules on APTTA

The financial security obtained against the clearance of goods under the Afghanistan Pakistan Transit Trade Agreement (APTTA) would not be released unless or until it is confirmed that the transit goods have actually reached Afghanistan.
Published 25 Jan, 2011 12:00am
LSE index loses 19.77 points

LSE index loses 19.77 points

Bearish sentiment prevailed at Lahore Stock Exchange on Monday and the equities registered declines amid descending transaction volume on account of lack of buying support.
Published 25 Jan, 2011 12:00am
LSE index loses 19.77 points

LSE index loses 19.77 points

Bearish sentiment prevailed at Lahore Stock Exchange on Monday and the equities registered declines amid descending transaction volume on account of lack of buying support.
Published 25 Jan, 2011 12:00am
Earthquake jolts upper parts of Pakistan

Earthquake jolts upper parts of Pakistan

An earthquake measuring 6.2 on the Richter scale jolted Northern Areas, Khyber Pakhtunkhwa and Federal Capital of the country at 7:45 am on Monday. The epicenter of quake lied in Tajkistan, 530 km north of Islamabad with 83km depth.
Published 25 Jan, 2011 12:00am
Earthquake jolts upper parts of Pakistan

Earthquake jolts upper parts of Pakistan

An earthquake measuring 6.2 on the Richter scale jolted Northern Areas, Khyber Pakhtunkhwa and Federal Capital of the country at 7:45 am on Monday. The epicenter of quake lied in Tajkistan, 530 km north of Islamabad with 83km depth.
Published 25 Jan, 2011 12:00am
48 percent rise in PPL profit

48 percent rise in PPL profit

The profit after tax of Pakistan Petroleum Limited (PPL) increased by 48 percent, to Rs 16.618 billion, in the first half of FY11 as compared to Rs 9.754 billion earned in the corresponding period of last year. The company's earning per share increased to
Published 25 Jan, 2011 12:00am
48 percent rise in PPL profit

48 percent rise in PPL profit

The profit after tax of Pakistan Petroleum Limited (PPL) increased by 48 percent, to Rs 16.618 billion, in the first half of FY11 as compared to Rs 9.754 billion earned in the corresponding period of last year. The company's earning per share increased to
Published 25 Jan, 2011 12:00am
48 percent rise in PPL profit

48 percent rise in PPL profit

The profit after tax of Pakistan Petroleum Limited (PPL) increased by 48 percent, to Rs 16.618 billion, in the first half of FY11 as compared to Rs 9.754 billion earned in the corresponding period of last year. The company''s earning per share increased t
Published 25 Jan, 2011 12:00am
Harsh economics deter Iraqi refugees, displaced: UN

Harsh economics deter Iraqi refugees, displaced: UN

Insecurity is not the only thing keeping hundreds of thousands of Iraqi refugees and internally displaced people from going home. Economic hurdles also deter many, a senior UN official said on Monday.
Published 25 Jan, 2011 12:00am
Harsh economics deter Iraqi refugees, displaced: UN

Harsh economics deter Iraqi refugees, displaced: UN

Insecurity is not the only thing keeping hundreds of thousands of Iraqi refugees and internally displaced people from going home. Economic hurdles also deter many, a senior UN official said on Monday.
Published 25 Jan, 2011 12:00am
Suspected tax evasion: raids carried out at top Indian actresses' houses

Suspected tax evasion: raids carried out at top Indian actresses' houses

Indian Income Tax department officials Monday morning carried out raids at the residences and offices of top Bollywood actresses Priyanka Chopra and Katrina Kaif for suspected tax evasion. The raids at around a dozen premises of leading actresses began ar
Published 25 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 Jan, 2011 12:00am
Suspected tax evasion: raids carried out at top Indian actresses' houses

Suspected tax evasion: raids carried out at top Indian actresses' houses

Indian Income Tax department officials Monday morning carried out raids at the residences and offices of top Bollywood actresses Priyanka Chopra and Katrina Kaif for suspected tax evasion. The raids at around a dozen premises of leading actresses began ar
Published 25 Jan, 2011 12:00am
'826 MW electricity to be added to system by December'

'826 MW electricity to be added to system by December'

Minister for Water and Power Raja Pervez Ashraf on Monday said that 826 MW additional electricity would be added in the system by December this year. Speaking at the "meet the press" here at National Press Club, the minister said that the government has a
Published 25 Jan, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 25 Jan, 2011 12:00am
'826 MW electricity to be added to system by December'

'826 MW electricity to be added to system by December'

Minister for Water and Power Raja Pervez Ashraf on Monday said that 826 MW additional electricity would be added in the system by December this year. Speaking at the "meet the press" here at National Press Club, the minister said that the government has a
Published 25 Jan, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Jan, 2011 12:00am
''826 MW electricity to be added to system by December''

''826 MW electricity to be added to system by December''

Minister for Water and Power Raja Pervez Ashraf on Monday said that 826 MW additional electricity would be added in the system by December this year. Speaking at the "meet the press" here at National Press Club, the minister said that the government has a
Published 25 Jan, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 25 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Jan, 2011 12:00am
Secret files expose Palestinian 'offers' to Israel

Secret files expose Palestinian 'offers' to Israel

The Palestinians offered Israel major concessions on east Jerusalem and on the issue of refugees in 2008 peace talks, according to leaked documents angrily dismissed as "distortions" on Monday. Details of the proposals emerged late on Sunday when the Al-J
Published 25 Jan, 2011 12:00am
Secret files expose Palestinian 'offers' to Israel

Secret files expose Palestinian 'offers' to Israel

The Palestinians offered Israel major concessions on east Jerusalem and on the issue of refugees in 2008 peace talks, according to leaked documents angrily dismissed as "distortions" on Monday. Details of the proposals emerged late on Sunday when the Al-J
Published 25 Jan, 2011 12:00am
Qadri appears in anti-terrorism court

Qadri appears in anti-terrorism court

The assassin of Punjab governor Salmaan Taseer, Mumtaz Hussain Qadri appeared in an anti-terrorism court for a pre-trial hearing set for him in Adiyala Jail on Monday. The police report on the case was submitted in the presence of defence lawyers, the jud
Published 25 Jan, 2011 12:00am
Qadri appears in anti-terrorism court

Qadri appears in anti-terrorism court

The assassin of Punjab governor Salmaan Taseer, Mumtaz Hussain Qadri appeared in an anti-terrorism court for a pre-trial hearing set for him in Adiyala Jail on Monday. The police report on the case was submitted in the presence of defence lawyers, the jud
Published 25 Jan, 2011 12:00am
Key Obama aide on Iran sanctions steps down

Key Obama aide on Iran sanctions steps down

President Barack Obama's point person on cracking down on financial flows to Iran resigned on Monday, marking the loss of a key player in the US effort to pressure Tehran over its nuclear program.
Published 25 Jan, 2011 12:00am
THE RUPEE: dollar at Rs 86

THE RUPEE: dollar at Rs 86

As a result of rising demand for dollars by the foreign and local banks, the rupee was forced to surrender its gains against the US currency on the money market on Monday, dealers said.
Published 25 Jan, 2011 12:00am
Key Obama aide on Iran sanctions steps down

Key Obama aide on Iran sanctions steps down

President Barack Obama's point person on cracking down on financial flows to Iran resigned on Monday, marking the loss of a key player in the US effort to pressure Tehran over its nuclear program.
Published 25 Jan, 2011 12:00am
THE RUPEE: dollar at Rs 86

THE RUPEE: dollar at Rs 86

As a result of rising demand for dollars by the foreign and local banks, the rupee was forced to surrender its gains against the US currency on the money market on Monday, dealers said.
Published 25 Jan, 2011 12:00am
PSM corruption: Supreme Court asks FIA to nab real culprits

PSM corruption: Supreme Court asks FIA to nab real culprits

Rejecting Federal Investigation Agency's (FIA) report on the alleged Rs22 billions corruption in Pakistan Steel Mills (PSM), Supreme Court on Monday directed the agency to nab the real culprits behind the scam and submit a report by February 01.
Published 25 Jan, 2011 12:00am
PSM corruption: Supreme Court asks FIA to nab real culprits

PSM corruption: Supreme Court asks FIA to nab real culprits

Rejecting Federal Investigation Agency's (FIA) report on the alleged Rs22 billions corruption in Pakistan Steel Mills (PSM), Supreme Court on Monday directed the agency to nab the real culprits behind the scam and submit a report by February 01.
Published 25 Jan, 2011 12:00am
PSM corruption: Supreme Court asks FIA to nab real culprits

PSM corruption: Supreme Court asks FIA to nab real culprits

Rejecting Federal Investigation Agency''s (FIA) report on the alleged Rs22 billions corruption in Pakistan Steel Mills (PSM), Supreme Court on Monday directed the agency to nab the real culprits behind the scam and submit a report by February 01.
Published 25 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Expert opinion on purchases from companies prior to blacklisting

Expert opinion on purchases from companies prior to blacklisting

It needs clarification that the Federal Board of Revenue (FBR) has the legal authority to tackle the issue of blacklisted companies in cases where registered persons have made purchases from the firms when they were compliant/active taxpayers. Tax experts
Published 25 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Expert opinion on purchases from companies prior to blacklisting

Expert opinion on purchases from companies prior to blacklisting

It needs clarification that the Federal Board of Revenue (FBR) has the legal authority to tackle the issue of blacklisted companies in cases where registered persons have made purchases from the firms when they were compliant/active taxpayers. Tax experts
Published 25 Jan, 2011 12:00am
Expert opinion on purchases from companies prior to blacklisting

Expert opinion on purchases from companies prior to blacklisting

It needs clarification that the Federal Board of Revenue (FBR) has the legal authority to tackle the issue of blacklisted companies in cases where registered persons have made purchases from the firms when they were compliant/active taxpayers. Tax experts
Published 25 Jan, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Indian government won't let BJP raise flag in IHK

Indian government won't let BJP raise flag in IHK

The Indian government foiled a nationalist party's plan Monday to commemorate a holiday by raising the country's flag in the heart of held Kashmir. Leaders from the Hindu nationalist Bharatiya Janata Party, which is in the opposition in the national parli
Published 25 Jan, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Indian government won't let BJP raise flag in IHK

Indian government won't let BJP raise flag in IHK

The Indian government foiled a nationalist party's plan Monday to commemorate a holiday by raising the country's flag in the heart of held Kashmir. Leaders from the Hindu nationalist Bharatiya Janata Party, which is in the opposition in the national parli
Published 25 Jan, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Girls school blown up in Landi Kotal

Girls school blown up in Landi Kotal

Unident-ified militants in wee hours of Monday blew up government girls' primary school here while no loss of life was reported. Officials said militants planted an IED to outer wall of the school at Khogakhel village and blew up with remote control devic
Published 25 Jan, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Punjab be handed over to Army: Altaf

Punjab be handed over to Army: Altaf

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has demanded to hand over Punjab province to the Army as law and order situation is getting worse by every passing day, which has made people's life miserable in the province, a private TV channel reporte
Published 25 Jan, 2011 12:00am
MQM's demand termed 'political joke'

MQM's demand termed 'political joke'

The spoke-sman Pakistan Muslim League-Nawaz Ahsan Iqbal on Monday termed the MQM proposal to hand over Punjab province into Army control as political joke. Reacting to the MQM criticism on PML-N, he said the number of people killed in Karachi has outnumbe
Published 25 Jan, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
'766,187 Afghans registered so far in KPK'

'766,187 Afghans registered so far in KPK'

As the February 28 deadline for registration of Afghan refugees gets closer, a total of 766,187 Afghans have been registered so far in Khyber Pakhtunkhwa (KPK) and the rest 314,000 would be registered before time.
Published 25 Jan, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Weekly inflation witnesses nominal decrease

Weekly inflation witnesses nominal decrease

The Sensitive Price Indicator (SPI), for the week ended on January 20, for the lowest income group up to Rs 3, 000, has registered nominal decrease of 0.32 percent over the previous week.
Published 25 Jan, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Iran hands over 62 Pakistanis to officials

Iran hands over 62 Pakistanis to officials

Iranian authorities arrested 62 Pakistani nationals and handed over them to officials in Taftan. According to details Iranians arrested 62 Pakistanis travelling illegally into Iran and handed them over to authorities in Taftan. They wanted to go to Europe
Published 25 Jan, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (January 24, 2011).

Published 25 Jan, 2011 12:00am
Prime Minister condemns terrorist attack in Moscow

Prime Minister condemns terrorist attack in Moscow

Prime Minister Syed Yusuf Raza Gilani has strongly condemned the terrorist attack in Moscow in which many precious lives were lost and a large number of persons have been injured.
Published 25 Jan, 2011 12:00am
Pakistan, China enjoy excellent relations: Senator Talha

Pakistan, China enjoy excellent relations: Senator Talha

The tumultuous welcome received by Chinese Premier Wen Jiabao in Pakistan during his state visit last month signifies the love and affection the people of two countries enjoy, Senator Talha Mahmood, Chairman Senate Standing Committee, Minister of Interior
Published 25 Jan, 2011 12:00am
Bosnia for enhancing economic ties with Pakistan

Bosnia for enhancing economic ties with Pakistan

Ambassador of Bosnia Herzegovina in Pakistan Arman Limo said on Monday that Pakistan and Bosnia need to improve their political and economic relations to promote bilateral trade and investment as the current volume of trade is far below the respective pot
Published 25 Jan, 2011 12:00am
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