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Archive - 2011-02-01
Baidu Q4 net profit nearly triples
Asia

Baidu Q4 net profit nearly triples

SHANGHAI: Chinese Web search engine Baidu has said its net profit nearly tripled in the fourth quarter, as it strengthen
Published 01 Feb, 2011 01:48pm
Two bills referred to finance committee
Top News

Two bills referred to finance committee

ISLAMABAD: Senate on Tuesday referred two bills to finance committee for further deliberation. On the suggestion of for
Published 01 Feb, 2011 01:44pm
Euro hits two-month dollar peak
Top News

Euro hits two-month dollar peak

LONDON : The euro hit the highest level against the dollar in over two months Tuesday on expectations of eurozone rate
Published 01 Feb, 2011 01:30pm
Mercedes relaunches premium Maybach
Top News

Mercedes relaunches premium Maybach

NEW DELHI: German carmaker Mercedes Benz reintroduced its hyper-luxury Maybach car in India on Tuesday, pitching it at t
Published 01 Feb, 2011 12:47pm
Crowding out on the cards
BR Research

Crowding out on the cards

From the surface, the business of providing credit to the private sector is back in full swing. The central banks latest data show that net
Published 01 Feb, 2011 12:00am
Engro: expanding the halal way
BR Research

Engro: expanding the halal way

Many in Pakistan understand the importance of putting their best foot forward in international markets, but few actually take a step. Engro
Published 01 Feb, 2011 12:00am
You lucked out!
BR Research

You lucked out!

To no ones surprise, Pakistans largest cement manufacturers saw its bottom line shrink by 23 percent to Rs 1.46 billion during the first hal
Published 01 Feb, 2011 12:00am
Natsumi grabs gold for Japan at winter Asiad

Natsumi grabs gold for Japan at winter Asiad

Madika Natsumi won the first gold medal for Japan here Monday at the Asian Winter Games giving all she had in the final run for a comprehensive victory in the women's cross-country ski sprint. She gained an early narrow advantage ahead of her rivals and m
Published 01 Feb, 2011 12:00am
Pakistan captain for ICC World Cup to be named on February 4: Butt

Pakistan captain for ICC World Cup to be named on February 4: Butt

Pakistan's captain for next month's ICC Cricket World Cup in the sub-continent would be named on February 4, a day before the final match of their ongoing one-day series in New Zealand, Pakistan Cricket Board President Ijaz Butt said. Talking to Pakistani
Published 01 Feb, 2011 12:00am
Poland to tag hooligans for Euro 2012

Poland to tag hooligans for Euro 2012

Poland plans electronic tags for its convicted football hooligans to lower the risk of trouble at Euro 2012, Justice Minister Krzysztof Kwiatkowski said Monday. Kwiatkowski told reporters the measure would apply on match days to individuals who have alrea
Published 01 Feb, 2011 12:00am
Pakistan one change in fourth ODI against New Zealand

Pakistan one change in fourth ODI against New Zealand

Pakistan and New Zealand will face off in Mcleans Park, Napier in fourth One Day Cricket International Tuesday as series is at even-stevens after Pakistan's victory at Christchurch on Saturday. Pakistan showed their real aggression in third ODI where Moha
Published 01 Feb, 2011 12:00am
Rain ruins Sri Lanka, West Indies ODI

Rain ruins Sri Lanka, West Indies ODI

West Indies' Adrian Barath cracked a maiden century before the first one-day international against Sri Lanka was abandoned due to heavy rain in Colombo. The 20-year-old opener limbered up for the World Cup with an impressive 113, which included two sixes
Published 01 Feb, 2011 12:00am
NH&MP get first position in Cholistan jeep rally

NH&MP get first position in Cholistan jeep rally

National Highways and Motorway Police N-5 Central has secured overall first position in Cholistan Desert Jeep Rally in 1300 cc and above category. NH&MP Senior Patrol officer Zargam Atta and technical staff of Motorway Police has participated in the Choli
Published 01 Feb, 2011 12:00am
Royal Palm Floodlit Cricket Tournament from today

Royal Palm Floodlit Cricket Tournament from today

The 4-day Royal Palm Floodlit Cricket Tournament will get underway here at the Royal Palm Golf and Country Club from Tuesday (today). As many as 16 cricket teams are participating in the tournament to played on knockout basis. Each team will be comprised
Published 01 Feb, 2011 12:00am
Eden Gardens faces another ICC inspection

Eden Gardens faces another ICC inspection

The International Cricket Council (ICC) will visit Kolkata's Eden Gardens next Monday to find out if it can host its three remaining World Cup games and has said the India-England match will be moved to Bangalore. Cricket's governing body announced last w
Published 01 Feb, 2011 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell on Monday following its biggest one-day gain of the year so far as equities steadied after Friday's losses and US consumer spending data for December beat expectations. The market was still encountering some safe-haven buying on the back of the
Published 01 Feb, 2011 12:00am
US MIDDAY: sugar slightly higher

US MIDDAY: sugar slightly higher

US sugar futures finished slightly higher after tumbling earlier in the session. The March raw sugar contract inched up 0.03 cent to close at 33.97 cents per lb, rebounding 1.38 cents from the session low of 32.59 cents. Finished the month up 5.8 percent.
Published 01 Feb, 2011 12:00am
US MIDDAY: coffee lower, cocoa rises

US MIDDAY: coffee lower, cocoa rises

Arabica coffee futures settled lower on Monday, falling on profit-taking after soaring to a 13-1/2 year high. March arabica coffee futures eased 0.20 cent to finish at $2.4480 per lb, after hitting $2.5075, the highest level for the spot contract since Ju
Published 01 Feb, 2011 12:00am
US MIDDAY: corn up

US MIDDAY: corn up

US corn futures closed higher on Monday on a rally in crude oil, end-of-month fund buying, spillover support from a rebound in wheat. CBOT March corn up 15-1/2 cents at $6.59-1/2 per bushel. Funds bought an estimated net 8,000 contracts. Spot March corn c
Published 01 Feb, 2011 12:00am
Gold falters as safe-haven rally fizzles

Gold falters as safe-haven rally fizzles

Gold fell on Monday following its biggest one-day gain of the year so far as equities steadied after Friday's losses and US consumer spending data for December beat expectations. The market was still encountering some safe-haven buying on the back of the
Published 01 Feb, 2011 12:00am
Gold slips in Asia

Gold slips in Asia

Gold edged down in choppy trade on Monday, after posting its biggest gains in eight weeks in the previous session on the political unrest in Egypt, but buying interest in the physical market offered support and offset worries about declines in ETF holding
Published 01 Feb, 2011 12:00am
Liffe coffee scales 2-1/4-year peak on fund buying

Liffe coffee scales 2-1/4-year peak on fund buying

Liffe March robusta coffee ends $56 higher at $2,185 a tonne after touching a 2-1/4-year peak of $2,204 a tonne in early trading, its highest since September 2008. Dealers say the contract was boosted by fund and investor buying, with underlying tightness
Published 01 Feb, 2011 12:00am
Malaysian palm oil at one-week high

Malaysian palm oil at one-week high

Malaysian palm oil futures hit one-week highs on Monday as floods in key growing areas delayed deliveries, raising concern of a further tightening in global vegetable oil supplies and escalating inflation in importing nations. Palm oil notched its highest
Published 01 Feb, 2011 12:00am
Tokyo rubber futures fall

Tokyo rubber futures fall

Key Tokyo rubber futures retreated from their early highs and ended lower on Monday as oil prices lost steam after rising on concerns that tensions in Egypt might spread across the Middle East, while a stronger yen also capped the market's gains. The benc
Published 01 Feb, 2011 12:00am
Copper rises to near record high

Copper rises to near record high

Copper came within touching distance of record highs on Monday as expectations of healthy demand from top consumers China and the United States boosted sentiment. Tin hit a record high of $30,099 a tonne on worries about supplies from top exporter Indones
Published 01 Feb, 2011 12:00am
Shanghai copper rallies to three-year highs

Shanghai copper rallies to three-year highs

Shanghai copper rallied 2.5 percent on Monday to its highest since May 2007, while London futures pushed to within $80 of a record high ahead of week-long Chinese holidays this week. Shanghai's most-active copper futures contract, April, rose 2.5 percent
Published 01 Feb, 2011 12:00am
Australia sees more wheat sales to troubled Egypt

Australia sees more wheat sales to troubled Egypt

Egypt, the world's largest wheat importer, may increase purchases of the grain from major global suppliers such as the United States and Australia to quell rising food price inflation, trade sources and analysts said on Monday. Egyptian protesters were ca
Published 01 Feb, 2011 12:00am
Sterling rise versus dollar

Sterling rise versus dollar

Sterling rose against the dollar on Monday, lifted by gains in the euro on data showing the risk of higher inflation in the euro zone, while investors brushed off concerns about political unrest in Egypt. The pound rode the coattails of the euro, which ra
Published 01 Feb, 2011 12:00am
Yuan slips versus dollar

Yuan slips versus dollar

China's yuan closed lower versus the dollar on Monday and finished the month of January with a fall as activity thinned ahead of the week-long Lunar New Year holiday that begins on Wednesday. Sluggish trade has capped the yuan's capacity to strengthen, bu
Published 01 Feb, 2011 12:00am
Asian currencies fall broadly

Asian currencies fall broadly

Emerging Asian currencies fell broadly on Monday, with the Thai baht hitting a five-month low, after violent protests in Egypt caused oil prices to spike and prompted investors to dump riskier assets. Higher energy prices have exacerbated fears that some
Published 01 Feb, 2011 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee ended down but off a two-month low on Monday, helped by gains in the euro, but domestic share losses weighed on the local unit. Dealers, however, see the rupee weakening further on the back of weak global cues and continued outflow of for
Published 01 Feb, 2011 12:00am
Swiss franc little changed

Swiss franc little changed

The Swiss franc looked poised for further gains on Monday as investors, worried about the unrest in Egypt, are putting money in traditional safe havens such as the franc. Recent upbeat news from the Swiss economy and confident comments from the Swiss Nati
Published 01 Feb, 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 Monday. 71.15/71.15 (previous 71.15/71.15) Call Money Rates: 3.75-5.75 percent (previous 4.00-6.25 percent.
Published 01 Feb, 2011 12:00am
Euro rises versus dollar in London

Euro rises versus dollar in London

The euro rose against the dollar on Monday as above-forecast eurozone inflation kept alive the view that interest rates in the region may rise sooner than previously thought. The data helped the euro recover from losses resulting from safe-haven buying of
Published 01 Feb, 2011 12:00am
Monday's early afternoon trade: Euro gains, sterling soars

Monday's early afternoon trade: Euro gains, sterling soars

A jump in eurozone inflation lifted the euro above $1.37 on Monday and bolstered the view interest rates in the region could rise more quickly than in the United States and other advanced economies. That helped the euro reverse the losses it suffered on F
Published 01 Feb, 2011 12:00am
Euro steadies in Asia

Euro steadies in Asia

The euro steadied against the dollar on Monday as moves to exit riskier positions tapered off, although market players remained wary of the risk that unrest in Egypt could spread across the Middle East. The Australian dollar also pared its earlier losses,
Published 01 Feb, 2011 12:00am
Australian, New Zealand dollars regain ground

Australian, New Zealand dollars regain ground

The Australian and New Zealand dollars regained early losses on Monday as risk aversion over the unrest in Egypt was countered by renewed gains in commodities and a bounce in some Asian stock markets. The Aussie dollar edged up to $$0.9924 on Monday, reco
Published 01 Feb, 2011 12:00am
Euro interbank lending rates rise

Euro interbank lending rates rise

Euro interbank lending rates rose on Monday with a larger-than-expected jump in eurozone inflation adding to speculation that the European Central Bank may raise interest rates in coming months. Money market rates have been marching higher over the last t
Published 01 Feb, 2011 12:00am
UK's top share index lower

UK's top share index lower

Worries over the impact of the political unrest in Egypt saw Britain's top share index fall on Monday, but losses were limited by gains from heavyweight energy issues as the crude price firmed. At the close, the FTSE 100 index was 18.43 points, or 0.3 per
Published 01 Feb, 2011 12:00am
Seoul shares dip

Seoul shares dip

Seoul shares finished lower on Monday as appetite for riskier assets eased amid anti-government rioting in Egypt, trimming shares of builders and autos including Daewoo Engineering & Construction and Hyundai Motor. The Korea Composite Stock Price Index fi
Published 01 Feb, 2011 12:00am
Australian shares down

Australian shares down

Australian shares pared early losses to end down 0.4 percent on Monday, overcoming some weakness on political unrest in Egypt as a benign inflation gauge revived bank stocks and Wesfarmers outperformed after healthy second-quarter supermarket sales. The t
Published 01 Feb, 2011 12:00am
European shares rebound

European shares rebound

European shares rebounded from three-week lows on Monday, with energy and mining stocks advancing as confidence over the outlook for corporate profits overshadowed worries about political unrest in Egypt. The pan-European FTSEurofirst 300 index ended flat
Published 01 Feb, 2011 12:00am
Hong Kong shares fall; Shanghai up

Hong Kong shares fall; Shanghai up

Hong Kong shares fell on Monday, tracking declines across Asia as unrest in Egypt prompted investors to pull back from riskier assets, although a rally in heavyweight oil counters helped limit losses. Hong Kong's Hang Seng ended 0.7 percent lower but clos
Published 01 Feb, 2011 12:00am
Indian shares post worst monthly fall in over two years

Indian shares post worst monthly fall in over two years

Indian shares on Monday posted their worst monthly fall in more than two years, tracking weak global markets as anti-government protests in Egypt led to risk aversion, with inflation and rate rise fears further dampening sentiment. The 30-share BSE index
Published 01 Feb, 2011 12:00am
Monday's midday trade: Wall Street gains

Monday's midday trade: Wall Street gains

US stocks rose on Monday as solid earnings, merger activity and better-than-expected economic data renewed some of the risk appetite that evaporated last week on uncertainties over stability in the Middle East. Wall Street posted its biggest one-day loss
Published 01 Feb, 2011 12:00am
Nikkei hits one-month closing low

Nikkei hits one-month closing low

Japan's Nikkei fell 1 percent to a one-month closing low on Monday, as anti-government riots in Egypt prompted investors to shun riskier assets and after Fujitsu and Konica Minolta slid on profit warnings. The unrest in Egypt put safe-haven assets back in
Published 01 Feb, 2011 12:00am
South East Asia markets: Philippines, Indonesia down over two percent

South East Asia markets: Philippines, Indonesia down over two percent

Southeast Asian stock markets fell on Monday in light trade, led by banks, as investors cut risk because of fears that the unrest in Egypt would spread to the rest of the Middle East. The violence in North Africa and the Middle East has already pushed up
Published 01 Feb, 2011 12:00am
Middle East Markets volatile as investors eye Egypt

Middle East Markets volatile as investors eye Egypt

Middle East markets ended mixed on Monday, with Dubai and Saudi stocks among decliners as the unrest convulsing Egypt spurred renewed selling in volatile trade. Protesters have intensified their efforts to force Egypt's President Hosni Mubarak to quit as
Published 01 Feb, 2011 12:00am
Commodity prices to increase in 2011: WTO chief

Commodity prices to increase in 2011: WTO chief

Economic recovery will make food, metals and other raw materials more expensive in 2011, the head of the World Trade Organisation said on Monday. Addressing a United Nations conference, WTO Director-General Pascal Lamy said the prices of crude oil, copper
Published 01 Feb, 2011 12:00am
India approves long-delayed $12 billion POSCO steel mill

India approves long-delayed $12 billion POSCO steel mill

India's environment ministry on Monday approved plans by South Korea's POSCO to build a $12 billion steel mill, a boost for the foreign investment climate in Asia's third-largest economy after several setbacks for big ticket industrial projects.
Published 01 Feb, 2011 12:00am
Kabul Bank commits to collect loans: Bank chief

Kabul Bank commits to collect loans: Bank chief

The governor of Afghanistan's central bank says the embattled Kabul Bank is committed to collecting $540 million worth of loans it made, seeking to calm fresh concerns about the stability of the country's largest lender. Central bank chief Abdul Qadir Fit
Published 01 Feb, 2011 12:00am
Arab Bank's 2010 net profit falls 53 percent

Arab Bank's 2010 net profit falls 53 percent

Arab Bank's 2010 net profit fell 53 percent to $251 million after it set aside hefty provisions for bad loans for a second consecutive year. Arab Bank, one of the Middle East's major financial institutions, put aside $178 million in provisions for non-per
Published 01 Feb, 2011 12:00am
Arab Bank's 2010 net profit falls 53 percent

Arab Bank's 2010 net profit falls 53 percent

Arab Bank's 2010 net profit fell 53 percent to $251 million after it set aside hefty provisions for bad loans for a second consecutive year. Arab Bank, one of the Middle East's major financial institutions, put aside $178 million in provisions for non-per
Published 01 Feb, 2011 12:00am
Eurozone inflation jumps, ECB seen unmoved

Eurozone inflation jumps, ECB seen unmoved

Eurozone inflation jumped more than expected in January to further above the European Central Bank's target, but the bank seems more likely for now to step up its rhetoric on price pressures than raise interest rates. Inflation in the 17 countries using t
Published 01 Feb, 2011 12:00am
Japan factory output up

Japan factory output up

Japanese factory output rose more than expected in December to mark a second straight month of gains, signalling that solid overseas demand will help the economy to resume its recovery in coming months. Manufacturers expect output to rise further in Janua
Published 01 Feb, 2011 12:00am
German retail sales slip

German retail sales slip

German retail sales slipped by 0.3 percent in December from the previous month, figures released on Monday by the national statistics service showed, but gained by 1.2 percent for 2010 as a whole. The provisional monthly drop at the end of the year was mu
Published 01 Feb, 2011 12:00am
China's current account surplus dips to 5.1 percent

China's current account surplus dips to 5.1 percent

China's current account surplus was about 5.1 percent of gross domestic product last year, down from 2009 but still exceeding the 4 percent threshold that US Treasury Secretary Timothy Geithner thought was needed to keep the global economy well balanced.
Published 01 Feb, 2011 12:00am
Philippines posts record economic growth

Philippines posts record economic growth

The Philippine economy grew at its fastest pace last year since democracy was restored more than two decades ago, expanding 7.3 percent on the back of a global upswing, the government said Monday. The growth is a fillip for President Benigno Aquino's new
Published 01 Feb, 2011 12:00am
US factory, spending data support strong growth tone

US factory, spending data support strong growth tone

A measure of factory activity in the US Midwest rose to a 22-1/2 year high in January on strong orders and employment prospects, bolstering hopes the economy would stay on a solid growth path this year. A second report on Monday showed consumer spending e
Published 01 Feb, 2011 12:00am
WTO report said to condemn Boeing subsidies

WTO report said to condemn Boeing subsidies

Plane maker Boeing received unfair subsidies from the US government, according to a World Trade Organisation report on Monday, and Boeing and its European rival Airbus immediately quarrelled over the scale of the supports. European rival Airbus said the r
Published 01 Feb, 2011 12:00am
Russia's payout block fuels row over BP's Rosneft

Russia's payout block fuels row over BP's Rosneft

BP's Russian partners in its TNK-BP joint venture turned up the heat on the British company to scrap or modify a rival tie-up with state oil group Rosneft by resolving to block a $1.8 billion dividend. Monday's move could limit BP's scope to up its own di
Published 01 Feb, 2011 12:00am
Exxon profit up, tops Street on taxes, output

Exxon profit up, tops Street on taxes, output

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar. Oil demand rose last year and the US government expects another 1.5
Published 01 Feb, 2011 12:00am
Exxon profit up, tops Street on taxes, output

Exxon profit up, tops Street on taxes, output

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar. Oil demand rose last year and the US government expects another 1.5
Published 01 Feb, 2011 12:00am
European firms stop Egypt drilling, evacuate staff

European firms stop Egypt drilling, evacuate staff

Some big European energy companies have suspended drilling and evacuated staff in Egypt due to political unrest but gas production have not yet been affected, they said on Monday. Egypt is one of the world's top 10 exporters of liquefied natural gas (LNG)
Published 01 Feb, 2011 12:00am
Fish consumption at all-time high, says UN agency

Fish consumption at all-time high, says UN agency

Fish consumption reached record levels in 2010 and world stocks need to be urgently rebuilt, experts at the UN Food and Agriculture Organisation said in a report Monday. "The contribution of fish to global diets has reached a record of almost 17 kg per pe
Published 01 Feb, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 283,711 tonnes of cargo including 172,164 tonnes of import cargo, 111,694 tonnes of export cargo, 5,552 loaded and empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 172,164 tonnes compr
Published 01 Feb, 2011 12:00am
Russian grain prices rise slows after sales announcement

Russian grain prices rise slows after sales announcement

A rise in Russian grain prices has mostly slowed and in some regions prices even declined after the government announced its plans for grain distribution and intervention sales, analysts said on Monday. Russia's Prime Minister Vladimir Putin has signed an
Published 01 Feb, 2011 12:00am
Key Indian state cuts sugar output forecast

Key Indian state cuts sugar output forecast

India's biggest cane producing state has cut its sugar output forecast by 3.3 percent government sources said on Monday, potentially further delaying any unrestricted exports from the world's biggest consumer. The fall in output now expected in Uttar Prad
Published 01 Feb, 2011 12:00am
China's January soya imports seen at 4.79 million tonnes

China's January soya imports seen at 4.79 million tonnes

China is estimated to have imported 4.79 million tonnes of soya in January, the Commerce Ministry said on Sunday, upping its forecast from 4.55 million tonnes previously. February imports were forecast at 2.73 million tonnes, although the ministry is like
Published 01 Feb, 2011 12:00am
Ivorian cocoa continues to reach ports

Ivorian cocoa continues to reach ports

Cocoa continued to reach Ivory Coast's ports last week, but virtually none of it was registered for export as shippers observed a ban called by presidential claimant Alassane Ouattara, exporters said on Monday. The halt in registrations comes alongside Eu
Published 01 Feb, 2011 12:00am
A few changes seen in thin business on grain market

A few changes seen in thin business on grain market

Business was seen at low level on the wholesales grain and seed market on Monday in process of trading, dealers said. On the cereal side, barley Sindh and Mardan was quoted at Rs 2600-2650, wheat old Bardan registered at Rs 2640 and new was at Rs 2655. Ot
Published 01 Feb, 2011 12:00am
Chemical items mixed on Jodia Bazar

Chemical items mixed on Jodia Bazar

The trading in chemical items closed mixed on Jodia Bazar here on Monday. The following changes were noted.
Published 01 Feb, 2011 12:00am
Oil cake market rates

Oil cake market rates

Bearish trend was witnessed on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The March vaida that had shown no change at close at Rs 1237.30 opened with a loss of 20 paisa at Rs 1237.10. The May contract which closed
Published 01 Feb, 2011 12:00am
Indonesia fails to secure 113,700 tonnes of white sugar in tender

Indonesia fails to secure 113,700 tonnes of white sugar in tender

Two Indonesian state plantation firms failed to secure white sugar for the second time in a tender seeking to buy a total of 113,700 tonnes, because suppliers did not meet specifications, said tender officials on Monday. The tender was part of Indonesian
Published 01 Feb, 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 01 Feb, 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 01 Feb, 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 31, 2011).

Published 01 Feb, 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 31, 2011).

Published 01 Feb, 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 31, 2011).

Published 01 Feb, 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 31, 2011).

Published 01 Feb, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (January 31, 2011).
Published 01 Feb, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (January 31, 2011).

Published 01 Feb, 2011 12:00am
DSP among five killed in Peshawar blasts

DSP among five killed in Peshawar blasts

Synchronised bomb blasts on Monday killed five people including a deputy superintendent of police (DSP) and three police constables besides leaving several injured in various parts of Peshawar. In first blast, a suicide bomber struck a police van at Kohat
Published 01 Feb, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (January 31, 2011).

Published 01 Feb, 2011 12:00am
DSP among five killed in Peshawar blasts

DSP among five killed in Peshawar blasts

Synchronised bomb blasts on Monday killed five people including a deputy superintendent of police (DSP) and three police constables besides leaving several injured in various parts of Peshawar. In first blast, a suicide bomber struck a police van at Kohat
Published 01 Feb, 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 31, 2011).
Published 01 Feb, 2011 12:00am
Zardari urges IMF to continue its support

Zardari urges IMF to continue its support

President Asif Ali Zardari while urging the IMF to continue its economic support to the war-ravaged and flood-stricken economy on Monday said the government was pursuing economic reform agenda and will continue to do so despite difficulties and constraint
Published 01 Feb, 2011 12:00am
Zardari urges IMF to continue its support

Zardari urges IMF to continue its support

President Asif Ali Zardari while urging the IMF to continue its economic support to the war-ravaged and flood-stricken economy on Monday said the government was pursuing economic reform agenda and will continue to do so despite difficulties and constraint
Published 01 Feb, 2011 12:00am
Zardari urges IMF to continue its support

Zardari urges IMF to continue its support

President Asif Ali Zardari while urging the IMF to continue its economic support to the war-ravaged and flood-stricken economy on Monday said the government was pursuing economic reform agenda and will continue to do so despite difficulties and constraint
Published 01 Feb, 2011 12:00am
Long-term structural reform programme being pursued: Gilani

Long-term structural reform programme being pursued: Gilani

Prime Minister Yousuf Raza Gilani on Monday said the government is pursuing a long-term structural reform programme to put Pakistan on a trajectory of sustainable economic growth and development. He highlighted the positive trend in the national economy a
Published 01 Feb, 2011 12:00am
Long-term structural reform programme being pursued: Gilani

Long-term structural reform programme being pursued: Gilani

Prime Minister Yousuf Raza Gilani on Monday said the government is pursuing a long-term structural reform programme to put Pakistan on a trajectory of sustainable economic growth and development. He highlighted the positive trend in the national economy a
Published 01 Feb, 2011 12:00am
Long-term structural reform programme being pursued: Gilani

Long-term structural reform programme being pursued: Gilani

Prime Minister Yousuf Raza Gilani on Monday said the government is pursuing a long-term structural reform programme to put Pakistan on a trajectory of sustainable economic growth and development. He highlighted the positive trend in the national economy a
Published 01 Feb, 2011 12:00am
RGST bill: 'plan B' prepared by FBR

RGST bill: 'plan B' prepared by FBR

'Plan B', in case the Reformed General Sales Tax (RGST) bill is not approved by parliament, has been prepared by the Federal Board of Revenue (FBR) and submitted to the Ministry of Finance for possible action, sources told Business Recorder. The 'P
Published 01 Feb, 2011 12:00am
RGST bill: 'plan B' prepared by FBR

RGST bill: 'plan B' prepared by FBR

'Plan B', in case the Reformed General Sales Tax (RGST) bill is not approved by parliament, has been prepared by the Federal Board of Revenue (FBR) and submitted to the Ministry of Finance for possible action, sources told Business Recorder. The 'P
Published 01 Feb, 2011 12:00am
RGST bill: ''plan B'' prepared by FBR

RGST bill: ''plan B'' prepared by FBR

''Plan B'', in case the Reformed General Sales Tax (RGST) bill is not approved by parliament, has been prepared by the Federal Board of Revenue (FBR) and submitted to the Ministry of Finance for possible action, sources told Business Recorder. The
Published 01 Feb, 2011 12:00am
NPLs surge to Rs 494 billion in two years: Khar tells National Assembly

NPLs surge to Rs 494 billion in two years: Khar tells National Assembly

State Minister for Finance Hina Rabbani Khar on Monday informed the National Assembly that Non-performing Loans (NPLs) had surged by four percent or Rs 494 billion during last two years (2008-10) and that the government was not responsible for such highly
Published 01 Feb, 2011 12:00am
NPLs surge to Rs 494 billion in two years: Khar tells National Assembly

NPLs surge to Rs 494 billion in two years: Khar tells National Assembly

State Minister for Finance Hina Rabbani Khar on Monday informed the National Assembly that Non-performing Loans (NPLs) had surged by four percent or Rs 494 billion during last two years (2008-10) and that the government was not responsible for such highly
Published 01 Feb, 2011 12:00am
NPLs surge to Rs 494 billion in two years: Khar tells National Assembly

NPLs surge to Rs 494 billion in two years: Khar tells National Assembly

State Minister for Finance Hina Rabbani Khar on Monday informed the National Assembly that Non-performing Loans (NPLs) had surged by four percent or Rs 494 billion during last two years (2008-10) and that the government was not responsible for such highly
Published 01 Feb, 2011 12:00am
Index loses 103.34 points

Index loses 103.34 points

The KSE-100 index on Monday lost 103.34 points and closed at the level of 12,359.36 points due to selling after mid session mainly by local investors. The market opened on a positive note and the index hit 12,613.14 points intra-day high level, up 150.44
Published 01 Feb, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Feb, 2011 12:00am
Index loses 103.34 points

Index loses 103.34 points

The KSE-100 index on Monday lost 103.34 points and closed at the level of 12,359.36 points due to selling after mid session mainly by local investors. The market opened on a positive note and the index hit 12,613.14 points intra-day high level, up 150.44
Published 01 Feb, 2011 12:00am
Index loses 103.34 points

Index loses 103.34 points

The KSE-100 index on Monday lost 103.34 points and closed at the level of 12,359.36 points due to selling after mid session mainly by local investors. The market opened on a positive note and the index hit 12,613.14 points intra-day high level, up 150.44
Published 01 Feb, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Feb, 2011 12:00am
BRIndex30 drops 136.85 points

BRIndex30 drops 136.85 points

On Monday, the BRIndex30 opened at 9,202.20 points and, after remaining in green for most of trading time, fell in the last thirty minutes. It touched the intra-day high of 9,341.95 points and low of 9,012.20 points and closed at 9,065.35 points with a ne
Published 01 Feb, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Feb, 2011 12:00am
BRIndex30 drops 136.85 points

BRIndex30 drops 136.85 points

On Monday, the BRIndex30 opened at 9,202.20 points and, after remaining in green for most of trading time, fell in the last thirty minutes. It touched the intra-day high of 9,341.95 points and low of 9,012.20 points and closed at 9,065.35 points with a ne
Published 01 Feb, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Feb, 2011 12:00am
Dispute with Etisalat: Cabinet directs immediate steps for resolution

Dispute with Etisalat: Cabinet directs immediate steps for resolution

The Federal Cabinet has reportedly directed an inter-ministerial committee, headed by Minister for Privatisation Waqar Ahmad Khan to take immediate steps to resolve the dispute with UAE-based Etisalat over the issue LDI/3G spectrum licence to China Mobile
Published 01 Feb, 2011 12:00am
Dispute with Etisalat: Cabinet directs immediate steps for resolution

Dispute with Etisalat: Cabinet directs immediate steps for resolution

The Federal Cabinet has reportedly directed an inter-ministerial committee, headed by Minister for Privatisation Waqar Ahmad Khan to take immediate steps to resolve the dispute with UAE-based Etisalat over the issue LDI/3G spectrum licence to China Mobile
Published 01 Feb, 2011 12:00am
Dispute with Etisalat: Cabinet directs immediate steps for resolution

Dispute with Etisalat: Cabinet directs immediate steps for resolution

The Federal Cabinet has reportedly directed an inter-ministerial committee, headed by Minister for Privatisation Waqar Ahmad Khan to take immediate steps to resolve the dispute with UAE-based Etisalat over the issue LDI/3G spectrum licence to China Mobile
Published 01 Feb, 2011 12:00am
Allowing Wapda to import oil directly: MoP opposes proposal

Allowing Wapda to import oil directly: MoP opposes proposal

The Ministry of Petroleum (MoP) has opposed a proposal of Water and Power Ministry to allow Water and Power Development Authority (Wapda) to directly import furnace oil saying, 'the basic idea is ill-conceived and its fate would not be different from one
Published 01 Feb, 2011 12:00am
Allowing Wapda to import oil directly: MoP opposes proposal

Allowing Wapda to import oil directly: MoP opposes proposal

The Ministry of Petroleum (MoP) has opposed a proposal of Water and Power Ministry to allow Water and Power Development Authority (Wapda) to directly import furnace oil saying, 'the basic idea is ill-conceived and its fate would not be different from one
Published 01 Feb, 2011 12:00am
Allowing Wapda to import oil directly: MoP opposes proposal

Allowing Wapda to import oil directly: MoP opposes proposal

The Ministry of Petroleum (MoP) has opposed a proposal of Water and Power Ministry to allow Water and Power Development Authority (Wapda) to directly import furnace oil saying, ''the basic idea is ill-conceived and its fate would not be different from one
Published 01 Feb, 2011 12:00am
Used cars import: ECC to consider raising depreciation rate today

Used cars import: ECC to consider raising depreciation rate today

The Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Tuesday, will consider increasing the rate of depreciation in assessable value from the existing level of 1 percent to 2 percent per month on import of used cars, sour
Published 01 Feb, 2011 12:00am
Used cars import: ECC to consider raising depreciation rate today

Used cars import: ECC to consider raising depreciation rate today

The Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Tuesday, will consider increasing the rate of depreciation in assessable value from the existing level of 1 percent to 2 percent per month on import of used cars, sour
Published 01 Feb, 2011 12:00am
Used cars import: ECC to consider raising depreciation rate today

Used cars import: ECC to consider raising depreciation rate today

The Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Tuesday, will consider increasing the rate of depreciation in assessable value from the existing level of 1 percent to 2 percent per month on import of used cars, sour
Published 01 Feb, 2011 12:00am
Single accountability law: PPP- PML(N) panel seems to be in accord

Single accountability law: PPP- PML(N) panel seems to be in accord

The Parliamentary Committees of Pakistan People's Party (PPP) and Pakistan Muslim League (Nawaz) on Monday seemed to have reached an agreement on one accountability law for across-the-board accountability of all the institutions instead of separate laws b
Published 01 Feb, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways on the currency market on Monday in process of trading, dealers said. The rupee shed three paisa against dollar for buying at 85.68 and came down with a slight loss of two paisa for selling at 85.72, they said.
Published 01 Feb, 2011 12:00am
Single accountability law: PPP- PML(N) panel seems to be in accord

Single accountability law: PPP- PML(N) panel seems to be in accord

The Parliamentary Committees of Pakistan People's Party (PPP) and Pakistan Muslim League (Nawaz) on Monday seemed to have reached an agreement on one accountability law for across-the-board accountability of all the institutions instead of separate laws b
Published 01 Feb, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways on the currency market on Monday in process of trading, dealers said. The rupee shed three paisa against dollar for buying at 85.68 and came down with a slight loss of two paisa for selling at 85.72, they said.
Published 01 Feb, 2011 12:00am
Oil surges above $101 on Egypt uncertainty

Oil surges above $101 on Egypt uncertainty

Brent oil prices jumped above $101 a barrel for the first time since 2008 on Monday on concern that unrest in Egypt could spread to Middle Eastern crude-producing countries or disrupt Suez Canal flows. Egyptian President Hosni Mubarak overhauled his gover
Published 01 Feb, 2011 12:00am
Oil surges above $101 on Egypt uncertainty

Oil surges above $101 on Egypt uncertainty

Brent oil prices jumped above $101 a barrel for the first time since 2008 on Monday on concern that unrest in Egypt could spread to Middle Eastern crude-producing countries or disrupt Suez Canal flows. Egyptian President Hosni Mubarak overhauled his gover
Published 01 Feb, 2011 12:00am
Oil surges above $101 on Egypt uncertainty

Oil surges above $101 on Egypt uncertainty

Brent oil prices jumped above $101 a barrel for the first time since 2008 on Monday on concern that unrest in Egypt could spread to Middle Eastern crude-producing countries or disrupt Suez Canal flows. Egyptian President Hosni Mubarak overhauled his gover
Published 01 Feb, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 31, 2011).

Published 01 Feb, 2011 12:00am
Government keeps POL prices unchanged

Government keeps POL prices unchanged

Government decided on Monday to keep oil prices unchanged after facing political pressure from different parties effective from February 1, 2011 (today). Oil and Gas Regulatory Authority (Ogra) has issued notification in this regard.
Published 01 Feb, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 31, 2011).

Published 01 Feb, 2011 12:00am
Government keeps POL prices unchanged

Government keeps POL prices unchanged

Government decided on Monday to keep oil prices unchanged after facing political pressure from different parties effective from February 1, 2011 (today). Oil and Gas Regulatory Authority (Ogra) has issued notification in this regard.
Published 01 Feb, 2011 12:00am
Government keeps POL prices unchanged

Government keeps POL prices unchanged

Government decided on Monday to keep oil prices unchanged after facing political pressure from different parties effective from February 1, 2011 (today). Oil and Gas Regulatory Authority (Ogra) has issued notification in this regard.
Published 01 Feb, 2011 12:00am
Tunisia, Egypt have changed mood within Opec: Badri

Tunisia, Egypt have changed mood within Opec: Badri

Opec is concerned by unrest in Egypt but sees no need for an immediate boost in its output as there is no shortage of oil, the group's top producer Saudi Arabia and its leading official said on Monday. Oil prices have spiked due to tensions in Egypt. Bren
Published 01 Feb, 2011 12:00am
Tunisia, Egypt have changed mood within Opec: Badri

Tunisia, Egypt have changed mood within Opec: Badri

Opec is concerned by unrest in Egypt but sees no need for an immediate boost in its output as there is no shortage of oil, the group's top producer Saudi Arabia and its leading official said on Monday. Oil prices have spiked due to tensions in Egypt. Bren
Published 01 Feb, 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 22nd January, 2011.

Published 01 Feb, 2011 12:00am
Tunisia, Egypt have changed mood within Opec: Badri

Tunisia, Egypt have changed mood within Opec: Badri

Opec is concerned by unrest in Egypt but sees no need for an immediate boost in its output as there is no shortage of oil, the group''s top producer Saudi Arabia and its leading official said on Monday. Oil prices have spiked due to tensions in Egypt. Bre
Published 01 Feb, 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 22nd January, 2011.

Published 01 Feb, 2011 12:00am
Army says demands legitimate, will not shoot

Army says demands legitimate, will not shoot

The all-powerful army said on Monday Egyptians' demands were legitimate and vowed not to fire on them as protesters, who are demanding the ouster of President Hosni Mubarak, prepared a general strike and million-strong marches. In what is seen as a sop, a
Published 01 Feb, 2011 12:00am
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