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Archive - 2011-01-26
vietnam excommunist on trial
Asia

vietnam excommunist on trial

HANOI: A Vietnamese communist official turned democracy activist was put trial on Wednesday charged with anti-governm
Published 26 Jan, 2011 11:19am
Iran hangs two killer brothers
Asia

Iran hangs two killer brothers

?TEHRAN: Iran has hanged two brothers in a prison in the northeastern city of Bojnurd convicted of killing a guard at a
Published 26 Jan, 2011 10:32am
Euro falls against the dollar
Financial

Euro falls against the dollar

TOKYO: The euro fell against the dollar in Asia on Wednesday as profit-taking hit the common European currency after its
Published 26 Jan, 2011 09:51am
Corporate heroes
BR Research

Corporate heroes

One person, one company, multiple health problems - and whoosh! The share price of Apple Inc plummeted by more than 8 percent last week when
Published 26 Jan, 2011 12:00am
Pakistan 25
BR Research

Pakistan 25

Entrepreneurs are a tough breed, especially in Pakistan. With business conditions worsening by the day, there is still, at least, a handful
Published 26 Jan, 2011 12:00am
Hong Kong homes world's least affordable

Hong Kong homes world's least affordable

Hong Kong has the world's least affordable housing, according to an international survey, a finding likely to stoke anger among residents already fed up with runaway property prices. Buying a home in the Asian financial hub, synonymous with its super-rich
Published 26 Jan, 2011 12:00am
Australia's core inflation at decade low

Australia's core inflation at decade low

Australian consumer prices rose by far less than feared in the last quarter, while a key measure of underlying inflation ran at the slowest pace in over a decade, suggesting interest rates might not have to rise for some months to come. The Australian dol
Published 26 Jan, 2011 12:00am
Chinese banks cut bad loans

Chinese banks cut bad loans

Chinese banks finished 2010 in a stronger position than they started, chipping away at their bad debt holdings and beefing up provisions in case their asset quality deteriorates, a new set of official data shows. But after steadily improving in recent yea
Published 26 Jan, 2011 12:00am
India, Indonesia clinch $15 billion in business deals

India, Indonesia clinch $15 billion in business deals

Indonesia and India signed on Tuesday business deals worth $15.1 billion and set an ambitious target of doubling trade in five years as Asia's two biggest democracies moved to strengthen ties. The 18 pacts spanning energy, infrastructure, manufacturing, s
Published 26 Jan, 2011 12:00am
World jobless rate stuck at record high: ILO

World jobless rate stuck at record high: ILO

The International Labour Organisation warned Monday that the global economic recovery was not translating into jobs as world unemployment remained at a record 205 million for 2010. "Despite a sharp rebound in economic growth for many countries, official g
Published 26 Jan, 2011 12:00am
Brazil posts $47.5 billion current account gap in 2010

Brazil posts $47.5 billion current account gap in 2010

Brazil's current account deficit nearly doubled in 2010 as its strong currency boosted imports and increased Brazilian purchasing power abroad. Latin America's largest economy ran a current account deficit of $47.518 billion in 2010, up from $24.302 billi
Published 26 Jan, 2011 12:00am
BlackRock fourth quarter profit jumps 77 percent

BlackRock fourth quarter profit jumps 77 percent

BlackRock Inc, the world's largest asset manager, reported a big jump in fourth-quarter profit and revenue, topping analysts' estimates, aided by the global stock market rally. With markets on an upswing, the $3.6 trillion behemoth created when Chief Exec
Published 26 Jan, 2011 12:00am
BlackRock fourth quarter profit jumps 77 percent

BlackRock fourth quarter profit jumps 77 percent

BlackRock Inc, the world's largest asset manager, reported a big jump in fourth-quarter profit and revenue, topping analysts' estimates, aided by the global stock market rally. With markets on an upswing, the $3.6 trillion behemoth created when Chief Exec
Published 26 Jan, 2011 12:00am
Cotton prices hit all-time high level

Cotton prices hit all-time high level

Cotton prices hit all-time high on the local market on Tuesday because of non-stop rise in the prices on the international market, dealers said. As a result, the Karachi Cotton Association (KCA) spot rate raised by record Rs 500 in a single day rally at R
Published 26 Jan, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 109,060 tonnes of cargo including 62,980 tonnes of import cargo, 46,080 tonnes of export cargo, 5,603 loaded and empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 62,980 tonnes compris
Published 26 Jan, 2011 12:00am
India's gold premiums jump over two-year high

India's gold premiums jump over two-year high

Premiums for gold bars in India revisited their highest level in over two years on Tuesday, to $2 an ounce above London prices, on a lack of supplies amid firm demand.
Published 26 Jan, 2011 12:00am
Grain market closed

Grain market closed

The wholesales grain and seed markets were closed on Tuesday due to Chelum of Hazrat Imam Hussain (R.A.), grain and seed merchants group's press release said.
Published 26 Jan, 2011 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

I extend warm greetings to the Federal Board of Revenue and members of Pakistan Customs fraternity on International Customs Day on 26th January 2011. Pakistan being a founder member of General Agreement on Trade and Tariff (GATT) now WTO, was one of the m
Published 26 Jan, 2011 12:00am
Message from Federal Minister for Finance

Message from Federal Minister for Finance

I wish to extend warm felicitations to the Federal Board of Revenue and Pakistan Customs on the occasion of the 59th Anniversary of International Customs Day on January 26, 2011. Pakistan joins other World Customs Organisation members in celebrating this
Published 26 Jan, 2011 12:00am
Message from Chairman FBR

Message from Chairman FBR

Pakistan Customs is celebrating International Customs Day on 26 January along with the world Customs community and reaffirming its commitment for security of international trade and effective customs operations. The importance of customs operations has ri
Published 26 Jan, 2011 12:00am
Message from Member Customs

Message from Member Customs

It is with immense pleasure and pride that I extend my warm and sincere greetings and felicitations to the officers and staff of Pakistan Customs, on the auspicious occasion of International Customs Day. Today, we along with 176 other World Customs Organi
Published 26 Jan, 2011 12:00am
Message from Chief Collector of Customs (South)

Message from Chief Collector of Customs (South)

The International Customs Day emphasises the significance attached to the status which Pakistan Customs occupies within the community of International Customs. I sincerely congratulate Pakistan Customs on the eve of International Customs Day. Pakistan bei
Published 26 Jan, 2011 12:00am
Message from Collector MCC Preventive

Message from Collector MCC Preventive

International Customs Day is celebrated around the world to mark the anniversary of the establishment of World Customs Organisation 56 years ago with the mission to facilitate trade and travel. The theme of this year's celebration is "Knowledge a Catalyst
Published 26 Jan, 2011 12:00am
Message from Collector, Model Customs Collectorate of PaCCS, Karachi

Message from Collector, Model Customs Collectorate of PaCCS, Karachi

The Customs department has the unique distinction of celebrating its day on a global level. International Customs Day provides an opportunity to Customs all over the world to share their knowledge and harmonise their practices with a view to protect the e
Published 26 Jan, 2011 12:00am
President, (2010-2011) Karachi Customs Agents Association

President, (2010-2011) Karachi Customs Agents Association

It is a matter of great pleasure for me to extend warm felicitations to the Federal Board of Revenue and Pakistan Customs on the occasion of the 59th anniversary of International Customs Day on 26th January 2011. Pakistan joins World Customs Organisation
Published 26 Jan, 2011 12:00am
Customs enforcement and compliance

Customs enforcement and compliance

Customs Enforcement and Compliance is one of the basic functions of all Customs Administrations throughout world. It is a broader term encompassing the role and responsibilities of Customs. As per World Customs Organisation "Customs enforcement" is concer
Published 26 Jan, 2011 12:00am
DP WORLD KARACHI: Qasim International Container Terminal

DP WORLD KARACHI: Qasim International Container Terminal

DP World Karachi commenced operations in August 1997 as QICT and has the distinction of being the first state of the art modern container terminal in Pakistan. It is the only terminal in Pakistan wherein the customer has the option to clear his container
Published 26 Jan, 2011 12:00am
New York cotton

New York cotton

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

Published 26 Jan, 2011 12:00am
New York cotton

New York cotton

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

Published 26 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 26 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 26 Jan, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (January 25, 2011).

Published 26 Jan, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

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

Published 26 Jan, 2011 12:00am
ADB comes to Pakistan's rescue!

ADB comes to Pakistan's rescue!

Following reluctance from a number of foreign investors in accepting Pakistan's sovereign guarantee, Asian Development Bank (ADB) has come forward with a solution to Islamabad's worries by agreeing to become a third party guarantor for Pakistan to ensure
Published 26 Jan, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (January 25, 2011).

Published 26 Jan, 2011 12:00am
ADB comes to Pakistan's rescue!

ADB comes to Pakistan's rescue!

Following reluctance from a number of foreign investors in accepting Pakistan's sovereign guarantee, Asian Development Bank (ADB) has come forward with a solution to Islamabad's worries by agreeing to become a third party guarantor for Pakistan to ensure
Published 26 Jan, 2011 12:00am
ADB comes to Pakistan''s rescue!

ADB comes to Pakistan''s rescue!

Following reluctance from a number of foreign investors in accepting Pakistan''s sovereign guarantee, Asian Development Bank (ADB) has come forward with a solution to Islamabad''s worries by agreeing to become a third party guarantor for Pakistan to ensur
Published 26 Jan, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (January 25, 2011).

Published 26 Jan, 2011 12:00am
NICL corruption case: Supreme Court orders arrest of main accused

NICL corruption case: Supreme Court orders arrest of main accused

The Supreme Court Tuesday ordered an inquiry against Director General Federal Investigation Agency (FIA) Waseem Ahmed, and if proved guilty put him behind the bars, as he has been blamed for favouring one of the main accused in NICL land scam.
Published 26 Jan, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 25, 2011).
Published 26 Jan, 2011 12:00am
NICL corruption case: Supreme Court orders arrest of main accused

NICL corruption case: Supreme Court orders arrest of main accused

The Supreme Court Tuesday ordered an inquiry against Director General Federal Investigation Agency (FIA) Waseem Ahmed, and if proved guilty put him behind the bars, as he has been blamed for favouring one of the main accused in NICL land scam.
Published 26 Jan, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 25, 2011).

Published 26 Jan, 2011 12:00am
NICL corruption case: Supreme Court orders arrest of main accused

NICL corruption case: Supreme Court orders arrest of main accused

The Supreme Court Tuesday ordered an inquiry against Director General Federal Investigation Agency (FIA) Waseem Ahmed, and if proved guilty put him behind the bars, as he has been blamed for favouring one of the main accused in NICL land scam.
Published 26 Jan, 2011 12:00am
Agriculture credit: disbursement declines four percent in first half

Agriculture credit: disbursement declines four percent in first half

Commercial and specialised banks have achieved only 38 percent of agri credit disbursement target during the first half of current fiscal year 2010-11 (FY11). Year on Year (YoY) basis, the disbursement during the period also remained some 4.38 percent les
Published 26 Jan, 2011 12:00am
Agriculture credit: disbursement declines four percent in first half

Agriculture credit: disbursement declines four percent in first half

Commercial and specialised banks have achieved only 38 percent of agri credit disbursement target during the first half of current fiscal year 2010-11 (FY11). Year on Year (YoY) basis, the disbursement during the period also remained some 4.38 percent les
Published 26 Jan, 2011 12:00am
Agriculture credit: disbursement declines four percent in first half

Agriculture credit: disbursement declines four percent in first half

Commercial and specialised banks have achieved only 38 percent of agri credit disbursement target during the first half of current fiscal year 2010-11 (FY11). Year on Year (YoY) basis, the disbursement during the period also remained some 4.38 percent les
Published 26 Jan, 2011 12:00am
Uch development project II: OGDCL decision may invite litigation

Uch development project II: OGDCL decision may invite litigation

The Oil and Gas Development Company (OGDCL) is all set to open up the new Pandora's box by following a faulty process in award of a $300 to 400 million Uch development project II that may end up this key project of much-needed oil and gas production in li
Published 26 Jan, 2011 12:00am
Uch development project II: OGDCL decision may invite litigation

Uch development project II: OGDCL decision may invite litigation

The Oil and Gas Development Company (OGDCL) is all set to open up the new Pandora's box by following a faulty process in award of a $300 to 400 million Uch development project II that may end up this key project of much-needed oil and gas production in li
Published 26 Jan, 2011 12:00am
Uch development project II: OGDCL decision may invite litigation

Uch development project II: OGDCL decision may invite litigation

The Oil and Gas Development Company (OGDCL) is all set to open up the new Pandora''s box by following a faulty process in award of a $300 to 400 million Uch development project II that may end up this key project of much-needed oil and gas production in l
Published 26 Jan, 2011 12:00am
OGDCL version

OGDCL version

OGDCL is a public sector company and follows transparent processes for its procurement and award of engineering contracts in line with the established rules and regulations including Public Procurement Regulatory Authority (PPRA) rules. The rules are time
Published 26 Jan, 2011 12:00am
OGDCL version

OGDCL version

OGDCL is a public sector company and follows transparent processes for its procurement and award of engineering contracts in line with the established rules and regulations including Public Procurement Regulatory Authority (PPRA) rules. The rules are time
Published 26 Jan, 2011 12:00am
OGDCL version

OGDCL version

OGDCL is a public sector company and follows transparent processes for its procurement and award of engineering contracts in line with the established rules and regulations including Public Procurement Regulatory Authority (PPRA) rules. The rules are time
Published 26 Jan, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (January 25, 2011).

Published 26 Jan, 2011 12:00am
Index gains 85.16 points

Index gains 85.16 points

Expectations over early launch of a leverage product invited fresh buying on Tuesday and the KSE-100 index increased by 85.16 points to close at the level of 12,455.75 points. Trading activities also improved, as the volumes at ready counter increased to
Published 26 Jan, 2011 12:00am
Index gains 85.16 points

Index gains 85.16 points

Expectations over early launch of a leverage product invited fresh buying on Tuesday and the KSE-100 index increased by 85.16 points to close at the level of 12,455.75 points. Trading activities also improved, as the volumes at ready counter increased to
Published 26 Jan, 2011 12:00am
Index gains 85.16 points

Index gains 85.16 points

Expectations over early launch of a leverage product invited fresh buying on Tuesday and the KSE-100 index increased by 85.16 points to close at the level of 12,455.75 points. Trading activities also improved, as the volumes at ready counter increased to
Published 26 Jan, 2011 12:00am
BRIndex30 up by 107.38 points

BRIndex30 up by 107.38 points

On Tuesday, BRIndex30 opened at 9,117.38 and remained positive throughout the trading session. It touched an intraday high of 9,241.21 and an intraday low of 9,117.38 and closed at 9,224.76 which was 107.38 points or 1.18 percent higher than previous clos
Published 26 Jan, 2011 12:00am
BRIndex30 up by 107.38 points

BRIndex30 up by 107.38 points

On Tuesday, BRIndex30 opened at 9,117.38 and remained positive throughout the trading session. It touched an intraday high of 9,241.21 and an intraday low of 9,117.38 and closed at 9,224.76 which was 107.38 points or 1.18 percent higher than previous clos
Published 26 Jan, 2011 12:00am
Transit cargo: high level body formed to probe matters

Transit cargo: high level body formed to probe matters

The Federal Board of Revenue (FBR) has constituted a high level committee to probe and investigate matters relating to transit cargo. According to a notification issued here on Tuesday, the competent authority has constituted a committee comprising four s
Published 26 Jan, 2011 12:00am
Transit cargo: high level body formed to probe matters

Transit cargo: high level body formed to probe matters

The Federal Board of Revenue (FBR) has constituted a high level committee to probe and investigate matters relating to transit cargo. According to a notification issued here on Tuesday, the competent authority has constituted a committee comprising four s
Published 26 Jan, 2011 12:00am
Transit cargo: high level body formed to probe matters

Transit cargo: high level body formed to probe matters

The Federal Board of Revenue (FBR) has constituted a high level committee to probe and investigate matters relating to transit cargo. According to a notification issued here on Tuesday, the competent authority has constituted a committee comprising four s
Published 26 Jan, 2011 12:00am
An oversized cabinet's last meeting today?

An oversized cabinet's last meeting today?

The incumbent federal cabinet is said to be holding its last meeting on Wednesday (today) under the chairmanship of Prime Minister Syed Yousuf Raza Gilani, an official exclusively disclosed to Business Recorder on the condition of anonymity.
Published 26 Jan, 2011 12:00am
An oversized cabinet's last meeting today?

An oversized cabinet's last meeting today?

The incumbent federal cabinet is said to be holding its last meeting on Wednesday (today) under the chairmanship of Prime Minister Syed Yousuf Raza Gilani, an official exclusively disclosed to Business Recorder on the condition of anonymity.
Published 26 Jan, 2011 12:00am
Balochistan will earn $13 billion, CEO TTC tells Supreme Court

Balochistan will earn $13 billion, CEO TTC tells Supreme Court

The Supreme Court was told on Tuesday that Reko Diq copper gold mines project would help strengthen the livelihoods of poverty-stricken province of Balochistan as 13 billion dollars (52 percent share) out of total 25 billion dollars, operating profit woul
Published 26 Jan, 2011 12:00am
Balochistan will earn $13 billion, CEO TTC tells Supreme Court

Balochistan will earn $13 billion, CEO TTC tells Supreme Court

The Supreme Court was told on Tuesday that Reko Diq copper gold mines project would help strengthen the livelihoods of poverty-stricken province of Balochistan as 13 billion dollars (52 percent share) out of total 25 billion dollars, operating profit woul
Published 26 Jan, 2011 12:00am
Balochistan will earn $13 billion, CEO TTC tells Supreme Court

Balochistan will earn $13 billion, CEO TTC tells Supreme Court

The Supreme Court was told on Tuesday that Reko Diq copper gold mines project would help strengthen the livelihoods of poverty-stricken province of Balochistan as 13 billion dollars (52 percent share) out of total 25 billion dollars, operating profit woul
Published 26 Jan, 2011 12:00am
Lahore, Karachi hit: 16 killed, over 50 injured in two blasts

Lahore, Karachi hit: 16 killed, over 50 injured in two blasts

A teenage suicide bomber blew himself up near a Chehlum procession in Lahore, killing at least 13 people and wounding over 50, while a suspected suicide bomber crashed his motorbike into a police van, killing three persons and injuring four in Karachi, on
Published 26 Jan, 2011 12:00am
Lahore, Karachi hit: 16 killed, over 50 injured in two blasts

Lahore, Karachi hit: 16 killed, over 50 injured in two blasts

A teenage suicide bomber blew himself up near a Chehlum procession in Lahore, killing at least 13 people and wounding over 50, while a suspected suicide bomber crashed his motorbike into a police van, killing three persons and injuring four in Karachi, on
Published 26 Jan, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Tuesday moved both ways on the Lahore Stock Exchange (LSE) and ended on a mixed note amid volatile situation because of the investors' conscious approach who picked selective scrips. The LSE-25 index gained 23.65 points and was closed at 3843.
Published 26 Jan, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Tuesday moved both ways on the Lahore Stock Exchange (LSE) and ended on a mixed note amid volatile situation because of the investors' conscious approach who picked selective scrips. The LSE-25 index gained 23.65 points and was closed at 3843.
Published 26 Jan, 2011 12:00am
ISE shares move both ways

ISE shares move both ways

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 27.37 points as the ISE Ten Index moved from 3,046.42
Published 26 Jan, 2011 12:00am
ISE shares move both ways

ISE shares move both ways

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 27.37 points as the ISE Ten Index moved from 3,046.42
Published 26 Jan, 2011 12:00am
Siemens beats forecasts

Siemens beats forecasts

Siemens, Europe's biggest engineering conglomerate, beat profit forecasts due to robust demand in fast-growing emerging economies and said signs for future sales were strong. Like most of its German peers, Siemens relies heavily on exports of manufactured
Published 26 Jan, 2011 12:00am
Top ANP leader's house attacked: one killed, three injured

Top ANP leader's house attacked: one killed, three injured

The brother of Senator Zahid Khan was among three others who were injured in an attack at his residence in Lower Dir today, private TV Channel reported Tuesday. Leader of Awami National Party (ANP) Senator Zahid's residence in Augigram in Lower Dir area w
Published 26 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Jan, 2011 12:00am
Top ANP leader's house attacked: one killed, three injured

Top ANP leader's house attacked: one killed, three injured

The brother of Senator Zahid Khan was among three others who were injured in an attack at his residence in Lower Dir today, private TV Channel reported Tuesday. Leader of Awami National Party (ANP) Senator Zahid's residence in Augigram in Lower Dir area w
Published 26 Jan, 2011 12:00am
OECD backs French push for commodity transparency

OECD backs French push for commodity transparency

The Organisation for Economic Development and Cooperation (OECD) on Tuesday welcomed France's move to put commodity price volatility and food security at the top of its G20 presidency agenda, echoing the need for more transparency. "Agriculture markets ha
Published 26 Jan, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 26 Jan, 2011 12:00am
Volvo unveils a new China headquarters

Volvo unveils a new China headquarters

Volvo on Tuesday opened a new China headquarters in Shanghai as it seeks to expand its market share in the country following Chinese group Geely's purchase of the Swedish carmaker last year. Volvo president and chief executive Stefan Jacoby said the compa
Published 26 Jan, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 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 26 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jan, 2011 12:00am
Rising costs threaten US corporate profits

Rising costs threaten US corporate profits

The rising cost of commodities ranging from oil to food is emerging as the main threat to an earnings recovery that has helped push US stocks to their highest levels since the 2008 financial crisis. Major US companies across a spectrum of industries, from
Published 26 Jan, 2011 12:00am
Rising costs threaten US corporate profits

Rising costs threaten US corporate profits

The rising cost of commodities ranging from oil to food is emerging as the main threat to an earnings recovery that has helped push US stocks to their highest levels since the 2008 financial crisis. Major US companies across a spectrum of industries, from
Published 26 Jan, 2011 12:00am
Rising costs threaten US corporate profits

Rising costs threaten US corporate profits

The rising cost of commodities ranging from oil to food is emerging as the main threat to an earnings recovery that has helped push US stocks to their highest levels since the 2008 financial crisis. Major US companies across a spectrum of industries, from
Published 26 Jan, 2011 12:00am
Obama speech could provoke fight on deficit

Obama speech could provoke fight on deficit

President Barack Obama will try to rise above party politics in his State of the Union speech on Tuesday, but is headed for a bitter fight with Republicans over the budget deficit and spending. Obama's address to Congress at 9 pm EST (0200 GMT on Wednesda
Published 26 Jan, 2011 12:00am
Obama speech could provoke fight on deficit

Obama speech could provoke fight on deficit

President Barack Obama will try to rise above party politics in his State of the Union speech on Tuesday, but is headed for a bitter fight with Republicans over the budget deficit and spending. Obama's address to Congress at 9 pm EST (0200 GMT on Wednesda
Published 26 Jan, 2011 12:00am
THE RUPEE: dollar down

THE RUPEE: dollar down

The rupee recovered on the currency market on Tuesday as demand was matching with supply in process of trading, dealers said. The rupee gained nine paisa against dollar for buying at 85.90 and rose by 11 paisa for selling at 85.93, they said.
Published 26 Jan, 2011 12:00am
Obama speech could provoke fight on deficit

Obama speech could provoke fight on deficit

President Barack Obama will try to rise above party politics in his State of the Union speech on Tuesday, but is headed for a bitter fight with Republicans over the budget deficit and spending. Obama''s address to Congress at 9 pm EST (0200 GMT on Wednesd
Published 26 Jan, 2011 12:00am
THE RUPEE: dollar down

THE RUPEE: dollar down

The rupee recovered on the currency market on Tuesday as demand was matching with supply in process of trading, dealers said. The rupee gained nine paisa against dollar for buying at 85.90 and rose by 11 paisa for selling at 85.93, they said.
Published 26 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 25, 2011).

Published 26 Jan, 2011 12:00am
Ireland upgrades Palestinian delegation to a mission

Ireland upgrades Palestinian delegation to a mission

The Irish government decided Tuesday to upgrade the status of the Palestinian diplomatic delegation in Ireland to a mission, a rank below an embassy, a foreign ministry spokeswoman told AFP. "The Palestinian delegation will from now on be known as the Pal
Published 26 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 25, 2011).

Published 26 Jan, 2011 12:00am
Arms-smuggling issue to be taken up with Afghanistan: Rehman

Arms-smuggling issue to be taken up with Afghanistan: Rehman

Interior Minister Rehman Malik said on Tuesday that the weapon smuggling issue would be taken up with Afghanistan as illegally imported arms were being used in terror incidents here in the county. Talking with mediamen outside the Parliament House, he sai
Published 26 Jan, 2011 12:00am
Pakistan decries help for India nuclear arms plans

Pakistan decries help for India nuclear arms plans

Pakistan warned major powers on Tuesday against granting rival India membership of four key multilateral export control regimes that allow trade in nuclear and other materials, as proposed by the United States. The plan, announced during US President Bara
Published 26 Jan, 2011 12:00am
Country to have 20 percent less than normal winter rainfall: Met Office

Country to have 20 percent less than normal winter rainfall: Met Office

A weak westerly system would enter the country by end January, which may cause rain in northern parts of the country. According to Met office sources there are 80 percent chances that winter rainfall from January to March on all Pakistan basis will be bel
Published 26 Jan, 2011 12:00am
Kashmiris to observe Black Day today

Kashmiris to observe Black Day today

Kashmiris on both sides of the Line of Control and across the world will observe Indian Republic Day, on Wednesday (today). The main purpose of Black Day is to remind the international community that India's continued denial of Kashmiris' right to self-de
Published 26 Jan, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 15th January, 2011

Published 26 Jan, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 15th January, 2011

Published 26 Jan, 2011 12:00am
Public campaign against drugs to be launched

Public campaign against drugs to be launched

A broader public campaign against drugs would be launched using the internet, mobile phones, radio and TV mediums. An official of Ministry of Narcotics Control told APP here on Tuesday, that district, town committees comprising aforementioned segments als
Published 26 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 25, 2011).

Published 26 Jan, 2011 12:00am
Oath under PCO: Justice Sajjad Hussain Shah tenders apology

Oath under PCO: Justice Sajjad Hussain Shah tenders apology

One of the PCO judges Justice Sajjad Hussain Shah of Lahore High Court Tuesday tendered unconditional apology in the court for taking oath under Provisional Constitutional Order (PCO) on November 3, 2007. Sheikh Zameer counsel for Jusice Sajjad Hussain Sh
Published 26 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 26 Jan, 2011 12:00am
Meeting at KCCI: Indonesian CG hints at early signing of PTA

Meeting at KCCI: Indonesian CG hints at early signing of PTA

Consul General of Indonesia, Rossalis Rusman Adenan has expressed hoped that Preferential Trade Agreement (PTA) between Pakistan and Indonesia will be signed in near future. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI), he info
Published 26 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 26 Jan, 2011 12:00am
Promotion of private sector for economic growth urged

Promotion of private sector for economic growth urged

Deputy Chair-man Planning Commission, Dr Nadeem ul Haq on Tuesday stressed the need for promoting private sector and private entrepreneurship and to have creative cities, for a vibrant and globally connected communities for the economic growth of the coun
Published 26 Jan, 2011 12:00am
Lahore terror attack denounced

Lahore terror attack denounced

Punjab Assembly Speaker, Rana Muhammad Iqbal here on Tuesday criticised terrorist attack in Urdu Bazar, Lahore in which precious lives were lost. He said such acts would not deter nation's will to curb terrorism as the entire nation is united against the
Published 26 Jan, 2011 12:00am
Attempt to cross into occupied Kashmir

Attempt to cross into occupied Kashmir

Police detained senior Hindu nationalist politicians, including the leader of the opposition, on Tuesday over an attempt to cross into occupied Kashmir to hold a rally. The Bharatiya Janata Party (BJP) had planned to pour young Hindu volunteers into the s
Published 26 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 25, 2011).

Published 26 Jan, 2011 12:00am
Pakistan, Iran to sign MoU to enhance Cupertino in various sectors

Pakistan, Iran to sign MoU to enhance Cupertino in various sectors

Pakistan and Iran are set to sign a Memorandum of Understanding (MoU) to safeguard mutual interests in international economic and financial organisations and institutions such as the World Bank and International Monetary Fund (IMF) along with enhancing Cu
Published 26 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (January 25, 2011) and the forecast for Wednesday (January 26, 2011).

Published 26 Jan, 2011 12:00am
Directors on KSE Board Nominated

Directors on KSE Board Nominated

The Securities and Exchange Commission of Pakistan (SECP) has nominated high profiled and experienced professionals from the financial market as directors on the Board of Karachi Stock Exchange (KSE) for the year 2011.
Published 26 Jan, 2011 12:00am
APNS team meets President

APNS team meets President

A delegation of All Pakistan Newspapers Society (APNS), representative body of owners of newspapers, called on President, Asif Ali Zardari at Aiwan-e-Sadr on Tuesday.
Published 26 Jan, 2011 12:00am
FBR employees union launches campaign against corruption

FBR employees union launches campaign against corruption

Federal Revenue Alliance Employees Union has launched a campaign to highlight the corruption and mal practice in Tax Department. The campaign has been launched in the light of the directions issued by the Prime Minister of Pakistan, but the Union faced a
Published 26 Jan, 2011 12:00am
'Water conservation is critical for survival of Pakistan'

'Water conservation is critical for survival of Pakistan'

Lack of safe drinking water causes diarrhea in 500 million children below of age 5 in Asia, Africa and Latin America. In Pakistan there are 100 million cases of diarrhea annually said Chief Executive M/S Progressive Consulting Engineers, Inc USA Engineer
Published 26 Jan, 2011 12:00am
Aurat Foundation recommends government to hold LB polls

Aurat Foundation recommends government to hold LB polls

Aurat Foundation has recommended the government to hold local bodies' elections at the earliest to resolve issues at the grass root levels. This was demanded by the participants in a seminar organised by the organisation on "Issues of Internally Displaced
Published 26 Jan, 2011 12:00am
PBC executive body election on January 29

PBC executive body election on January 29

A general house meeting of Punjab Bar Council will be held on Saturday, January 29 to elect its vice chairman and chairman executive committee for next one year tenure. The tenure of vice chairman, Mumtaz Mustafa and chairman executive committee, Rana Ikr
Published 26 Jan, 2011 12:00am
Fesco issues fresh test schedule

Fesco issues fresh test schedule

Faisalabad Electric Supply Company (Fesco) administration has issued recruitment schedule for another three categories in the light of Lahore High Court (LHC) directives. According to this schedule, written test for the post of bill distributors will be h
Published 26 Jan, 2011 12:00am
PTI condemns suicide bombing in Karachi, Lahore

PTI condemns suicide bombing in Karachi, Lahore

Pakistan Tehreek-e-Insaf (PTI) has on Tuesday condemned the suicide bombing in Lahore and Karachi, and lambasted the government for giving room to foreign forces to play their dirty games in Pakistan. Ahsen Rasheed, PTI Punjab President, said current inco
Published 26 Jan, 2011 12:00am
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