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Archive - 2011-02-03
DP World resumes Egypt operations
Top News

DP World resumes Egypt operations

DUBAI: Dubai ports operator DP World has resumed its operations at the port of Ain Sukhna in Egypt, the company said on
Published 03 Feb, 2011 04:03pm
Hitachi quarterly profit surges
Asia

Hitachi quarterly profit surges

TOKYO: Japanese high-tech firm Hitachi said Thursday its net profit nearly tripled in the quarter to December from a
Published 03 Feb, 2011 07:56am
Thailand invites Obama to patch up
Top News

Thailand invites Obama to patch up

WASHINGTON: As the United States steps up its focus on Southeast Asia, its oldest regional ally Thailand is inviting
Published 03 Feb, 2011 07:30am
Shehzad century lifts Pakistan
Sports

Shehzad century lifts Pakistan

HAMILTON:  A maiden century for teenage opener Ahmed Shehzad carried Pakistan to 268-9 against New Zealand in the crucia
Published 03 Feb, 2011 05:59am
Structural debt issues
BR Research

Structural debt issues

Debt is good as far as it yields positive returns. But that does not seem be the case for Pakistan. The governments primary debt balance - i
Published 03 Feb, 2011 12:00am
Eurozone PPI spikes up, ECB seen unmoved

Eurozone PPI spikes up, ECB seen unmoved

Eurozone producer prices rose more than expected in December, data showed on Wednesday, boosted mainly by a jump in energy costs, pointing to rising inflationary pressures early in the pipeline. The European Union's statistics office Eurostat said prices
Published 03 Feb, 2011 12:00am
Eurozone closer to new anti-crisis package

Eurozone closer to new anti-crisis package

Germany and France have reached a consensus on steps to boost economic co-ordination within the eurozone as part of a comprehensive anti-crisis package that will also see the scope of Europe's bailout fund bolstered. German officials said on Wednesday tha
Published 03 Feb, 2011 12:00am
US private sector jobs still on uptrend

US private sector jobs still on uptrend

US private employers added more jobs than expected in January, the 12th consecutive month that companies took on staff, adding to hopes that the weak American labour market is slowly recovering. Other data on Wednesday showed that even though planned layo
Published 03 Feb, 2011 12:00am
Three million livestock culled in South Korea

Three million livestock culled in South Korea

South Korea said Wednesday it had destroyed more than three million livestock as it battles the worst outbreak of foot-and-mouth disease in decades, amid concerns that it could spread to the rest of Asia. The agriculture ministry said it stepped up emerge
Published 03 Feb, 2011 12:00am
SEC proposes rules for swap trading facilities

SEC proposes rules for swap trading facilities

Institutional investors would get a chance to see the prices at which swaps are trading under a proposal put forth by US securities regulators on Wednesday that is designed to shed light on the nearly $600 trillion swaps market. The Securities and Exchang
Published 03 Feb, 2011 12:00am
US auto sales jump

US auto sales jump

In a further sign of the auto industry's recovery, General Motors, Ford, Chrysler and Toyota posted double digit gains Tuesday in January US auto sales. "January is a seasonally slow month, but we believe the industry turned in a healthy showing for the m
Published 03 Feb, 2011 12:00am
Balanced demand, supply cause small trading on grain market

Balanced demand, supply cause small trading on grain market

Low business volume was witnessed on the wholesales grain and seed market on Wednesday due to balanced demand supply factor, dealers said. On the cereal side wheat old was quoted at Rs 2640-2645 and new type was at Rs 2655-2660. Gur low type lost Rs 100 a
Published 03 Feb, 2011 12:00am
Spot rate on cotton market hits Rs 11,000, an all-time high

Spot rate on cotton market hits Rs 11,000, an all-time high

Official spot rate after a short break, went up to touch all-time high level on the cotton market on Wednesday due to persisting demand in the world market, dealers said. The Karachi Cotton Association (KCA) spot rate was raised by Rs 200 to Rs 11000, the
Published 03 Feb, 2011 12:00am
Oil cake market rates

Oil cake market rates

Contracts were higher on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The March vaida that had closed at Rs 1237.10 opened with 50 paisa gain at Rs 1237.60. The May contract which closed at Rs 1319.30 started wit
Published 03 Feb, 2011 12:00am
Russia may export seven million tonnes of grain in 2011-12

Russia may export seven million tonnes of grain in 2011-12

Russia could ship around 7 million tonnes of grain to world markets next year but protective measures could be imposed to stop exporters selling too much if an export ban is lifted, a leading analyst said on Tuesday. "Of this some 6.5 million tonnes could
Published 03 Feb, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 87,276 tonnes of cargo including 46,751 tonnes of import cargo, 40,525 tonnes of export cargo, 5,318 loaded and empty containers during last 24 hours endeed at 0700 hours on Wednesday. The total import cargo of 46,751 tonnes compr
Published 03 Feb, 2011 12:00am
Oil World raises Argentine, Brazil soyabean forecasts

Oil World raises Argentine, Brazil soyabean forecasts

Hamburg-based oilseeds analysts Oil World said it has raised its forecast of Argentina's 2011 soyabean crop by 2 million tonnes and of Brazil's harvest by 1 million tonnes after parched crops received welcome rain. Argentina's 2011 soyabean crop is likely
Published 03 Feb, 2011 12:00am
US Midwest soyabeans, corn bids firm

US Midwest soyabeans, corn bids firm

Cash basis bids for soyabeans were firm in the US Midwest on Tuesday and corn bids were steady to firm as a major winter storm stalled grain movement across the region, grain merchants said. The storm was expected to dump 8 to 15 inches (20 to 38 cm) of s
Published 03 Feb, 2011 12:00am
US wheat futures mostly lower

US wheat futures mostly lower

US wheat futures were mostly lower on Tuesday as traders locked in profits from a rally earlier in the week amid a lack of fresh bullish fundamental news, traders said. High-protein wheat was still in short supply and futures at the Kansas City Board of T
Published 03 Feb, 2011 12:00am
Canadian canola price hits 2-1/2 years high

Canadian canola price hits 2-1/2 years high

ICE Canadian canola futures shot to their highest nearby price in 2-1/2 years on Tuesday, led higher by rival oilseed soyabeans, which rose as a winter storm in the United States boosted feed demand. Contract highs set for all actively traded months, incl
Published 03 Feb, 2011 12:00am
New York cotton

New York cotton

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

Published 03 Feb, 2011 12:00am
10 killed, 29 injured in car-bomb explosion

10 killed, 29 injured in car-bomb explosion

Ten people, including a woman and two children, were killed and 29 others injured on Wednesday morning in a car bomb explosion in Tela Band, Badber, a suburban locality of Peshawar. The explosives-laden car was parked near old police station in Tela Band
Published 03 Feb, 2011 12:00am
New York cotton

New York cotton

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

Published 03 Feb, 2011 12:00am
10 killed, 29 injured in car-bomb explosion

10 killed, 29 injured in car-bomb explosion

Ten people, including a woman and two children, were killed and 29 others injured on Wednesday morning in a car bomb explosion in Tela Band, Badber, a suburban locality of Peshawar. The explosives-laden car was parked near old police station in Tela Band
Published 03 Feb, 2011 12:00am
Bank holiday on February 5

Bank holiday on February 5

The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on Saturday the February 5, 2011 on account of Kashmir Day.
Published 03 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 03 Feb, 2011 12:00am
Bank holiday on February 5

Bank holiday on February 5

The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on Saturday the February 5, 2011 on account of Kashmir Day.
Published 03 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 03 Feb, 2011 12:00am
Bank holiday on February 5

Bank holiday on February 5

The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on Saturday the February 5, 2011 on account of Kashmir Day.
Published 03 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 Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
Protesters, Mubarak supporters fight in Cairo square

Protesters, Mubarak supporters fight in Cairo square

Supporters of President Hosni Mubarak, throwing petrol bombs, wielding sticks and charging on horses and camels, assaulted demonstrators in Cairo on Wednesday after the army told the protesters to go home. Anti-Mubarak protesters hurled stones back and sa
Published 03 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 Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
Protesters, Mubarak supporters fight in Cairo square

Protesters, Mubarak supporters fight in Cairo square

Supporters of President Hosni Mubarak, throwing petrol bombs, wielding sticks and charging on horses and camels, assaulted demonstrators in Cairo on Wednesday after the army told the protesters to go home. Anti-Mubarak protesters hurled stones back and sa
Published 03 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 Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
World leaders say Mubarak transition must start now

World leaders say Mubarak transition must start now

World powers said Wednesday that the transition towards democracy in Egypt must begin immediately and called for calm amid clashes in Cairo after Hosni Mubarak vowed to cling to office until September. UN Secretary General Ban Ki-Moon called attacks on pe
Published 03 Feb, 2011 12:00am
World leaders say Mubarak transition must start now

World leaders say Mubarak transition must start now

World powers said Wednesday that the transition towards democracy in Egypt must begin immediately and called for calm amid clashes in Cairo after Hosni Mubarak vowed to cling to office until September. UN Secretary General Ban Ki-Moon called attacks on pe
Published 03 Feb, 2011 12:00am
Yemen president signals won't stay beyond 2013

Yemen president signals won't stay beyond 2013

Yemeni President Ali Abdullah Saleh, eyeing protests that threaten to topple Egypt's long-time ruler, indicated on Wednesday he would leave office when his current term ends in 2013, after three decades in power. Saleh, a key US ally against al Qaeda, als
Published 03 Feb, 2011 12:00am
Yemen president signals won't stay beyond 2013

Yemen president signals won't stay beyond 2013

Yemeni President Ali Abdullah Saleh, eyeing protests that threaten to topple Egypt's long-time ruler, indicated on Wednesday he would leave office when his current term ends in 2013, after three decades in power. Saleh, a key US ally against al Qaeda, als
Published 03 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 Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
Middle East turmoil leaves experts, markets struggling

Middle East turmoil leaves experts, markets struggling

The Middle East is headed into the unknown, on that everyone agrees - but the speed of events in Egypt and elsewhere has left analysts and financial markets struggling to find their bearings. The sheer range of potential near-term scenarios, from benign r
Published 03 Feb, 2011 12:00am
Middle East turmoil leaves experts, markets struggling

Middle East turmoil leaves experts, markets struggling

The Middle East is headed into the unknown, on that everyone agrees - but the speed of events in Egypt and elsewhere has left analysts and financial markets struggling to find their bearings. The sheer range of potential near-term scenarios, from benign r
Published 03 Feb, 2011 12:00am
Middle East turmoil leaves experts, markets struggling

Middle East turmoil leaves experts, markets struggling

The Middle East is headed into the unknown, on that everyone agrees - but the speed of events in Egypt and elsewhere has left analysts and financial markets struggling to find their bearings. The sheer range of potential near-term scenarios, from benign r
Published 03 Feb, 2011 12:00am
MQM quit government on RGST issue: Altaf

MQM quit government on RGST issue: Altaf

The MQM chief, Altaf Hussain, has said that his party quit government on 'Reformed' General Sales Tax (RGST) issue. According to him corruption has destroyed the economy of Pakistan while corrupt officials are being appointed in every government departmen
Published 03 Feb, 2011 12:00am
MQM quit government on RGST issue: Altaf

MQM quit government on RGST issue: Altaf

The MQM chief, Altaf Hussain, has said that his party quit government on 'Reformed' General Sales Tax (RGST) issue. According to him corruption has destroyed the economy of Pakistan while corrupt officials are being appointed in every government departmen
Published 03 Feb, 2011 12:00am
MQM quit government on RGST issue: Altaf

MQM quit government on RGST issue: Altaf

The MQM chief, Altaf Hussain, has said that his party quit government on ''Reformed'' General Sales Tax (RGST) issue. According to him corruption has destroyed the economy of Pakistan while corrupt officials are being appointed in every government departm
Published 03 Feb, 2011 12:00am
PPP-PML-N reforms agenda: no tangible progress seen

PPP-PML-N reforms agenda: no tangible progress seen

Parliamentary Committees of Pakistan People's Party and Pakistan Muslim League (PML-N) on economic reforms agenda have not been able to make any tangible progress on Wednesday even after the passage of almost half of the 45-day deadline.
Published 03 Feb, 2011 12:00am
PPP-PML-N reforms agenda: no tangible progress seen

PPP-PML-N reforms agenda: no tangible progress seen

Parliamentary Committees of Pakistan People's Party and Pakistan Muslim League (PML-N) on economic reforms agenda have not been able to make any tangible progress on Wednesday even after the passage of almost half of the 45-day deadline.
Published 03 Feb, 2011 12:00am
PPP-PML-N reforms agenda: no tangible progress seen

PPP-PML-N reforms agenda: no tangible progress seen

Parliamentary Committees of Pakistan People''s Party and Pakistan Muslim League (PML-N) on economic reforms agenda have not been able to make any tangible progress on Wednesday even after the passage of almost half of the 45-day deadline.
Published 03 Feb, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
Supreme Court to initiate contempt proceedings against nine judges

Supreme Court to initiate contempt proceedings against nine judges

The Supreme Court on Wednesday decided to initiate contempt of court proceedings against nine judges of superior courts, who endorsed the imposition of emergency in 2007, and left it to Chief Justice Iftikhar Chaudhry to decide whether similar proceedings
Published 03 Feb, 2011 12:00am
Supreme Court to initiate contempt proceedings against nine judges

Supreme Court to initiate contempt proceedings against nine judges

The Supreme Court on Wednesday decided to initiate contempt of court proceedings against nine judges of superior courts, who endorsed the imposition of emergency in 2007, and left it to Chief Justice Iftikhar Chaudhry to decide whether similar proceedings
Published 03 Feb, 2011 12:00am
Rabi-ul-Awwal moon not to be sighted today

Rabi-ul-Awwal moon not to be sighted today

The new Rabi-ul-Awwal moon will not be sighted today (Thursday), according to astronomical parameters. Therefore, Rabi-ul-Awwal One, 1432 AH will fall on Saturday. The moon will cross the conjunction line today (Thursday) at 0731 Pakistan Standard Time (P
Published 03 Feb, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
Rabi-ul-Awwal moon not to be sighted today

Rabi-ul-Awwal moon not to be sighted today

The new Rabi-ul-Awwal moon will not be sighted today (Thursday), according to astronomical parameters. Therefore, Rabi-ul-Awwal One, 1432 AH will fall on Saturday. The moon will cross the conjunction line today (Thursday) at 0731 Pakistan Standard Time (P
Published 03 Feb, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
Growth, fiscal deficit, inflation: targets will be missed

Growth, fiscal deficit, inflation: targets will be missed

The country's economy is under stress due to delay in the implementation of key economic reforms and as per the State Bank's projections it will miss three key targets - GDP growth, fiscal deficit and inflation. According to the State Bank's first quarter
Published 03 Feb, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
Growth, fiscal deficit, inflation: targets will be missed

Growth, fiscal deficit, inflation: targets will be missed

The country's economy is under stress due to delay in the implementation of key economic reforms and as per the State Bank's projections it will miss three key targets - GDP growth, fiscal deficit and inflation. According to the State Bank's first quarter
Published 03 Feb, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
Growth, fiscal deficit, inflation: targets will be missed

Growth, fiscal deficit, inflation: targets will be missed

The country''s economy is under stress due to delay in the implementation of key economic reforms and as per the State Bank''s projections it will miss three key targets - GDP growth, fiscal deficit and inflation. According to the State Bank''s first quar
Published 03 Feb, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
6.7 percent rise in July-November in domestic debts

6.7 percent rise in July-November in domestic debts

Total stock of domestic debt and liabilities posted an increase of 6.7 percent in first five months of current fiscal year, according to the Sate Bank of Pakistan report on economy. The report said that this increase in the domestic debt was witnessed on
Published 03 Feb, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
6.7 percent rise in July-November in domestic debts

6.7 percent rise in July-November in domestic debts

Total stock of domestic debt and liabilities posted an increase of 6.7 percent in first five months of current fiscal year, according to the Sate Bank of Pakistan report on economy. The report said that this increase in the domestic debt was witnessed on
Published 03 Feb, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
6.7 percent rise in July-November in domestic debts

6.7 percent rise in July-November in domestic debts

Total stock of domestic debt and liabilities posted an increase of 6.7 percent in first five months of current fiscal year, according to the Sate Bank of Pakistan report on economy. The report said that this increase in the domestic debt was witnessed on
Published 03 Feb, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
LSM growth declines

LSM growth declines

The momentum in large-scale manufacturing (LSM) growth, seen in last fiscal year, was upset in the initial months of current fiscal year, as Cumulative LSM production declined by 2.3 percent during July-November of FY11 compared with 0.5 percent in July-N
Published 03 Feb, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
LSM growth declines

LSM growth declines

The momentum in large-scale manufacturing (LSM) growth, seen in last fiscal year, was upset in the initial months of current fiscal year, as Cumulative LSM production declined by 2.3 percent during July-November of FY11 compared with 0.5 percent in July-N
Published 03 Feb, 2011 12:00am
LSM growth declines

LSM growth declines

The momentum in large-scale manufacturing (LSM) growth, seen in last fiscal year, was upset in the initial months of current fiscal year, as Cumulative LSM production declined by 2.3 percent during July-November of FY11 compared with 0.5 percent in July-N
Published 03 Feb, 2011 12:00am
Private credit off-take has contracted

Private credit off-take has contracted

Net credit expansion to the private sector is entirely on account of working capital due to increase in input costs indicating that private credit off-take has contracted, says the State Bank of Pakistan. In its first quarterly report for financial year (
Published 03 Feb, 2011 12:00am
Private credit off-take has contracted

Private credit off-take has contracted

Net credit expansion to the private sector is entirely on account of working capital due to increase in input costs indicating that private credit off-take has contracted, says the State Bank of Pakistan. In its first quarterly report for financial year (
Published 03 Feb, 2011 12:00am
Private credit off-take has contracted

Private credit off-take has contracted

Net credit expansion to the private sector is entirely on account of working capital due to increase in input costs indicating that private credit off-take has contracted, says the State Bank of Pakistan. In its first quarterly report for financial year (
Published 03 Feb, 2011 12:00am
PaCCS lacks module to collect/levy sales tax

PaCCS lacks module to collect/levy sales tax

The Pakistan Customs Computerised Clearance System (PaCCS) of the Federal Board of Revenue (FBR) has no specific module to collect/levy sales tax as per values fixed by the Board through valuation notifications on the import of different goods for accurat
Published 03 Feb, 2011 12:00am
PaCCS lacks module to collect/levy sales tax

PaCCS lacks module to collect/levy sales tax

The Pakistan Customs Computerised Clearance System (PaCCS) of the Federal Board of Revenue (FBR) has no specific module to collect/levy sales tax as per values fixed by the Board through valuation notifications on the import of different goods for accurat
Published 03 Feb, 2011 12:00am
PaCCS lacks module to collect/levy sales tax

PaCCS lacks module to collect/levy sales tax

The Pakistan Customs Computerised Clearance System (PaCCS) of the Federal Board of Revenue (FBR) has no specific module to collect/levy sales tax as per values fixed by the Board through valuation notifications on the import of different goods for accurat
Published 03 Feb, 2011 12:00am
Index loses 30.99 points

Index loses 30.99 points

Bearish trend continued at the share market on the third consecutive day on Wednesday and the KSE-100 index lost 30.99 points to close at 12,242.39 points. The market opened on a positive note on the back of foreign investors' support and the index hit 12
Published 03 Feb, 2011 12:00am
Index loses 30.99 points

Index loses 30.99 points

Bearish trend continued at the share market on the third consecutive day on Wednesday and the KSE-100 index lost 30.99 points to close at 12,242.39 points. The market opened on a positive note on the back of foreign investors' support and the index hit 12
Published 03 Feb, 2011 12:00am
Index loses 30.99 points

Index loses 30.99 points

Bearish trend continued at the share market on the third consecutive day on Wednesday and the KSE-100 index lost 30.99 points to close at 12,242.39 points. The market opened on a positive note on the back of foreign investors'' support and the index hit 1
Published 03 Feb, 2011 12:00am
BRIndex30 sheds 21.26 points

BRIndex30 sheds 21.26 points

On Wednesday, the BRIndex30 opened at 8,971.66 points. It touched the intra-day high of 9,045.11 points and low of 8,893.20 points and closed at 8,950.40 points with a net negative change of -21.26 points, or -0.24 percent. The volume was 53,092,360 share
Published 03 Feb, 2011 12:00am
BRIndex30 sheds 21.26 points

BRIndex30 sheds 21.26 points

On Wednesday, the BRIndex30 opened at 8,971.66 points. It touched the intra-day high of 9,045.11 points and low of 8,893.20 points and closed at 8,950.40 points with a net negative change of -21.26 points, or -0.24 percent. The volume was 53,092,360 share
Published 03 Feb, 2011 12:00am
LSE index down 19.26 points

LSE index down 19.26 points

Equities on Wednesday could not get out of pressure on the Lahore Stock Exchange (LSE) and registered further losses amid bearish sentiments due to lacking buying support. The LSE index was declined by 19.26 points and was closed at 3696.22 against 3715.4
Published 03 Feb, 2011 12:00am
LSE index down 19.26 points

LSE index down 19.26 points

Equities on Wednesday could not get out of pressure on the Lahore Stock Exchange (LSE) and registered further losses amid bearish sentiments due to lacking buying support. The LSE index was declined by 19.26 points and was closed at 3696.22 against 3715.4
Published 03 Feb, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Feb, 2011 12:00am
ISE index sheds 3.86 points

ISE index sheds 3.86 points

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Wednesday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 3.86 points from 3,024.86 to 3,021.00 points. Turnover amounted to 42,000 shares as compar
Published 03 Feb, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Feb, 2011 12:00am
ISE index sheds 3.86 points

ISE index sheds 3.86 points

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Wednesday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 3.86 points from 3,024.86 to 3,021.00 points. Turnover amounted to 42,000 shares as compar
Published 03 Feb, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Feb, 2011 12:00am
Pakistani soldier killed in Afghan border clash

Pakistani soldier killed in Afghan border clash

One Pakistani paramilitary soldier was killed and three wounded in a clash with Afghan forces in a militant-infested region on the border on Wednesday, Pakistani officials said. The clash occurred in the Ghulam Khan area in Pakistan's North Waziristan reg
Published 03 Feb, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Feb, 2011 12:00am
Pakistani soldier killed in Afghan border clash

Pakistani soldier killed in Afghan border clash

One Pakistani paramilitary soldier was killed and three wounded in a clash with Afghan forces in a militant-infested region on the border on Wednesday, Pakistani officials said. The clash occurred in the Ghulam Khan area in Pakistan's North Waziristan reg
Published 03 Feb, 2011 12:00am
Obama signs new nuclear deal with Russia

Obama signs new nuclear deal with Russia

US President Barack Obama on Wednesday signed ratification documents for a new START nuclear arms reduction treaty with Russia, in a showpiece moment for his "reset" of ties with the Kremlin. Obama signed the documents in the Oval Office surrounded by key
Published 03 Feb, 2011 12:00am
Obama signs new nuclear deal with Russia

Obama signs new nuclear deal with Russia

US President Barack Obama on Wednesday signed ratification documents for a new START nuclear arms reduction treaty with Russia, in a showpiece moment for his "reset" of ties with the Kremlin. Obama signed the documents in the Oval Office surrounded by key
Published 03 Feb, 2011 12:00am
Indian police arrest former telecom minister

Indian police arrest former telecom minister

Indian police arrested former telecom minister A. Raja and other senior officials on Wednesday as part of a probe into one of the country's biggest corruption cases. Raja, a low-caste politician from a regional party in south India, was forced out of gove
Published 03 Feb, 2011 12:00am
Indian police arrest former telecom minister

Indian police arrest former telecom minister

Indian police arrested former telecom minister A. Raja and other senior officials on Wednesday as part of a probe into one of the country's biggest corruption cases. Raja, a low-caste politician from a regional party in south India, was forced out of gove
Published 03 Feb, 2011 12:00am
WikiLeaks candidate for 2011 Nobel Peace Prize

WikiLeaks candidate for 2011 Nobel Peace Prize

A Norwegian member of parliament said Wednesday he had nominated WikiLeaks for this year's Nobel Peace Prize, saying the whistleblower website was a gauge of transparency in the world, including in democratic societies. "Likewise: Wikileaks have (sic) con
Published 03 Feb, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (February 02, 2011).

Published 03 Feb, 2011 12:00am
WikiLeaks candidate for 2011 Nobel Peace Prize

WikiLeaks candidate for 2011 Nobel Peace Prize

A Norwegian member of parliament said Wednesday he had nominated WikiLeaks for this year's Nobel Peace Prize, saying the whistleblower website was a gauge of transparency in the world, including in democratic societies. "Likewise: Wikileaks have (sic) con
Published 03 Feb, 2011 12:00am
SSGC barred from renewing GSA with BP

SSGC barred from renewing GSA with BP

The National Assembly Standing Committee on Petroleum and Natural Resources has barred Sui Southern Gas Company (SSGC) to renew Gas Sale Agreement (GSA) with British Petroleum (BP), and recommended to strike a fresh deal with United Energy Group (UEG), wh
Published 03 Feb, 2011 12:00am
SSGC barred from renewing GSA with BP

SSGC barred from renewing GSA with BP

The National Assembly Standing Committee on Petroleum and Natural Resources has barred Sui Southern Gas Company (SSGC) to renew Gas Sale Agreement (GSA) with British Petroleum (BP), and recommended to strike a fresh deal with United Energy Group (UEG), wh
Published 03 Feb, 2011 12:00am
SSGC barred from renewing GSA with BP

SSGC barred from renewing GSA with BP

The National Assembly Standing Committee on Petroleum and Natural Resources has barred Sui Southern Gas Company (SSGC) to renew Gas Sale Agreement (GSA) with British Petroleum (BP), and recommended to strike a fresh deal with United Energy Group (UEG), wh
Published 03 Feb, 2011 12:00am
MoP allowed to issue LoC to JJVL

MoP allowed to issue LoC to JJVL

National Assembly Standing Committee on Petroleum and Natural Resources has allowed the Ministry of Petroleum to issue Letter of Comfort (LoC) to Jamshoro Joint Venture Ltd (JJVL) to continue gas supply for LPG extraction plant, as the Sui Southern Gas Co
Published 03 Feb, 2011 12:00am
MoP allowed to issue LoC to JJVL

MoP allowed to issue LoC to JJVL

National Assembly Standing Committee on Petroleum and Natural Resources has allowed the Ministry of Petroleum to issue Letter of Comfort (LoC) to Jamshoro Joint Venture Ltd (JJVL) to continue gas supply for LPG extraction plant, as the Sui Southern Gas Co
Published 03 Feb, 2011 12:00am
MoP allowed to issue LoC to JJVL

MoP allowed to issue LoC to JJVL

National Assembly Standing Committee on Petroleum and Natural Resources has allowed the Ministry of Petroleum to issue Letter of Comfort (LoC) to Jamshoro Joint Venture Ltd (JJVL) to continue gas supply for LPG extraction plant, as the Sui Southern Gas Co
Published 03 Feb, 2011 12:00am
THE RUPEE: dollar slides further

THE RUPEE: dollar slides further

The rupee was firm against dollar, it, however, continued its fall versus euro on the currency market on Wednesday, dealers said. The rupee maintained its rise, picking six paisa in terms of dollar for buying and selling at 85.50 and 85.55, they said.
Published 03 Feb, 2011 12:00am
CCoP to take up Iesco IPO issue today

CCoP to take up Iesco IPO issue today

The Cabinet Committee on Privatisation (CCoP) which is scheduled to meet on Thursday (today) with Prime Minister Syed Yousuf Raza Gilani in the chair after a prolonged interval, will consider Initial Public Offering (IPO) of Islamabad Electric Supply Comp
Published 03 Feb, 2011 12:00am
THE RUPEE: dollar slides further

THE RUPEE: dollar slides further

The rupee was firm against dollar, it, however, continued its fall versus euro on the currency market on Wednesday, dealers said. The rupee maintained its rise, picking six paisa in terms of dollar for buying and selling at 85.50 and 85.55, they said.
Published 03 Feb, 2011 12:00am
CCoP to take up Iesco IPO issue today

CCoP to take up Iesco IPO issue today

The Cabinet Committee on Privatisation (CCoP) which is scheduled to meet on Thursday (today) with Prime Minister Syed Yousuf Raza Gilani in the chair after a prolonged interval, will consider Initial Public Offering (IPO) of Islamabad Electric Supply Comp
Published 03 Feb, 2011 12:00am
CCoP to take up Iesco IPO issue today

CCoP to take up Iesco IPO issue today

The Cabinet Committee on Privatisation (CCoP) which is scheduled to meet on Thursday (today) with Prime Minister Syed Yousuf Raza Gilani in the chair after a prolonged interval, will consider Initial Public Offering (IPO) of Islamabad Electric Supply Comp
Published 03 Feb, 2011 12:00am
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