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Archive - 2011-02-13
Mubarak still in Egypt: prime minister
Top News

Mubarak still in Egypt: prime minister

CAIRO: Hosni Mubarak is still in Egypt in the Red Sea resort town of Sharm el-Sheikh, Prime Minister Ahmed Shafiq said
Published 13 Feb, 2011 02:34pm
Sri Lanka flood damage $600 million
Asia

Sri Lanka flood damage $600 million

COLOMBO:  The damage from monsoon flooding in Sri Lanka over the last six weeks is estimated at $600 million, a governme
Published 13 Feb, 2011 09:32am
Smith blasts Chennai wicket
Sports

Smith blasts Chennai wicket

CHENNAI: South African skipper Graeme Smith has criticised the wicket prepared for their World Cup warm-up game against
Published 13 Feb, 2011 07:20am
Raytheon offers 'pain gun' to troubled India

Raytheon offers 'pain gun' to troubled India

US defence group Raytheon says it wants to sell India a controversial "pain gun" it claims would be safer than rubber bullets in quelling unrest in the insurgency-racked country. The Silent Guardian Protection System is billed by its makers as the 21st ce
Published 13 Feb, 2011 12:00am
Moroccan dies after fiery protest

Moroccan dies after fiery protest

A 26-year-old man died in central Morocco after setting himself on fire in despair at his situation since being dismissed from the army, a local rights official said Saturday. "He poured five litres of petrol over himself and set himself alight in the wee
Published 13 Feb, 2011 12:00am
China railways minister under investigation

China railways minister under investigation

China's Minister of Railways, a key figure behind the investment boom in the sector, is under investigation for "serious disciplinary violations", the official Xinhua news agency reported on Saturday. Xinhua did not provide any details about the probe aga
Published 13 Feb, 2011 12:00am
Kazakhstan opposition to boycott presidential polls

Kazakhstan opposition to boycott presidential polls

Kazakhstan's main opposition party Azat said Saturday it would boycott presidential polls to be held in April, which President Nursultan Nazarbayev is expected to win comfortably. The Central Asian republic's Azat (Freedom) Social Democratic Party said it
Published 13 Feb, 2011 12:00am
Dollar strengthens against other currencies

Dollar strengthens against other currencies

The US dollar strengthened against other currencies on Friday after briefly losing ground on news that Egyptian President Hosni Mubarak stepped down, with the greenback's appeal expected to continue given technical factors weighing on the euro.
Published 13 Feb, 2011 12:00am
Forex outlook: dollar destined to gain versus euro

Forex outlook: dollar destined to gain versus euro

The US dollar is destined to continue gaining against the euro next week as the single currency enters a period filled with obstacles, from widening peripheral sovereign bond spreads to a hefty funding schedule and an abundance of key economic data.
Published 13 Feb, 2011 12:00am
Speculators raise bets versus dollar to four-month peak

Speculators raise bets versus dollar to four-month peak

The value of currency speculators' bets against the US dollar rose to its highest level since October, Commodity Futures Trading Commission data showed on Friday, the fourth straight weekly increase. The value of the dollar's net short position rose to $2
Published 13 Feb, 2011 12:00am
Key Euribor rates dip

Key Euribor rates dip

Key euro-priced bank-to-bank lending rates dipped on Friday, as market liquidity edged up and amid confusion about who would become the next head of the ECB, after it was revealed Axel Weber had withdrawn from the race. The three-month Euribor rate - trad
Published 13 Feb, 2011 12:00am
African currency outlook

African currency outlook

Uganda's shilling is likely to stay under pressure ahead of a February 18 general election, while Zambia's kwacha should strengthen due to a surge in copper prices to record highs.
Published 13 Feb, 2011 12:00am
US stocks record second week of gains

US stocks record second week of gains

US stocks closed out their second straight week of gains on Friday with a rally sparked after Egyptian President Hosni Mubarak resigned, easing tension around the region for now. The S&P's five-month surge, which has taken it up almost 27 percent, has con
Published 13 Feb, 2011 12:00am
Emerging Markets: LatAm stocks jump on Mubarak exit

Emerging Markets: LatAm stocks jump on Mubarak exit

Latin American equities rose sharply on Friday after the resignation of Egyptian President Hosni Mubarak eased fears of a deeper crisis in the Middle East and lifted stocks worldwide. The MSCI Latin American stocks index rose 1.93 percent, enough to help
Published 13 Feb, 2011 12:00am
South Korean bond curve steepens

South Korean bond curve steepens

South Korean treasury futures closed lower after choppy trade on Friday, with early gains sparked by a freeze in the policy rate and soft comments from the central bank chief eclipsed by the prospect of future rate increases. The Bank of Korea kept intere
Published 13 Feb, 2011 12:00am
South Korean bond curve steepens

South Korean bond curve steepens

South Korean treasury futures closed lower after choppy trade on Friday, with early gains sparked by a freeze in the policy rate and soft comments from the central bank chief eclipsed by the prospect of future rate increases. The Bank of Korea kept intere
Published 13 Feb, 2011 12:00am
US Treasury Outlook: no comfort for bonds in budget proposals

US Treasury Outlook: no comfort for bonds in budget proposals

The recently battered US Treasury debt market is unlikely to find any comfort when President Barack Obama releases his budget proposal for the fiscal year 2012 on Monday. It will be Obama's first budget since Republicans gained control of the House of Rep
Published 13 Feb, 2011 12:00am
US Treasury Outlook: no comfort for bonds in budget proposals

US Treasury Outlook: no comfort for bonds in budget proposals

The recently battered US Treasury debt market is unlikely to find any comfort when President Barack Obama releases his budget proposal for the fiscal year 2012 on Monday. It will be Obama's first budget since Republicans gained control of the House of Rep
Published 13 Feb, 2011 12:00am
Turkish bonds little changed; stocks up

Turkish bonds little changed; stocks up

Turkish bonds and the lira were little changed on Friday despite data showing a higher than expected current account deficit for December, with markets holding their bets until next week's central bank rate meeting. Turkey's current account deficit widene
Published 13 Feb, 2011 12:00am
Turkish bonds little changed; stocks up

Turkish bonds little changed; stocks up

Turkish bonds and the lira were little changed on Friday despite data showing a higher than expected current account deficit for December, with markets holding their bets until next week's central bank rate meeting. Turkey's current account deficit widene
Published 13 Feb, 2011 12:00am
Treasuries rally

Treasuries rally

US Treasury debt prices rallied on Friday as the highest yields in nearly 10 months attracted buyers and the resignation of Egyptian President Hosni Mubarak helped lift longer-dated Treasuries. The safe-haven bid for short-term US government debt ebbed af
Published 13 Feb, 2011 12:00am
Treasuries rally

Treasuries rally

US Treasury debt prices rallied on Friday as the highest yields in nearly 10 months attracted buyers and the resignation of Egyptian President Hosni Mubarak helped lift longer-dated Treasuries. The safe-haven bid for short-term US government debt ebbed af
Published 13 Feb, 2011 12:00am
Egypt stock exchange to reopen Wednesday

Egypt stock exchange to reopen Wednesday

Egypt's stock exchange is to reopen on Wednesday, state television said, more than two weeks after it was shut down following a precipitous plunge amid anti-regime protests. Saturday's announcement came a day after Egypt's long-time ruler Hosni Mubarak ha
Published 13 Feb, 2011 12:00am
Sri Lanka's bourse hits new record high

Sri Lanka's bourse hits new record high

Sri Lanka's stock market hit a new record high on Friday as institutional and high net worth investors bought large-cap oil palm shares on hopes of strong earnings in a booming global commodity market. Oil palms sector index hit a record high with conglom
Published 13 Feb, 2011 12:00am
Toronto stocks rise

Toronto stocks rise

Toronto's main stock index rose on Thursday as a major Chinese investment in Canada's natural gas sector helped boost energy shares, overcoming disappointing results from several blue chips. Energy issues rebounded from a four-day decline as Encana Corp j
Published 13 Feb, 2011 12:00am
Indian bonds yields steady

Indian bonds yields steady

Indian federal bond yields ended steady on Friday as traders eyed January inflation data due on Monday for fresh cues on the central bank's attitude towards monetary tightening. "Monday's inflation is going to have an important influence in the debate on
Published 13 Feb, 2011 12:00am
Indian bonds yields steady

Indian bonds yields steady

Indian federal bond yields ended steady on Friday as traders eyed January inflation data due on Monday for fresh cues on the central bank's attitude towards monetary tightening. "Monday's inflation is going to have an important influence in the debate on
Published 13 Feb, 2011 12:00am
Summit Hotel REIT goes public, others may follow

Summit Hotel REIT goes public, others may follow

Summit Hotel Properties Inc didn't get the warmest welcome from investors, but its ability to sell shares at all indicates that other lodging companies may also be able to go public. Investors likely hesitated to buy Summit Hotel's shares because the real
Published 13 Feb, 2011 12:00am
Summit Hotel REIT goes public, others may follow

Summit Hotel REIT goes public, others may follow

Summit Hotel Properties Inc didn't get the warmest welcome from investors, but its ability to sell shares at all indicates that other lodging companies may also be able to go public. Investors likely hesitated to buy Summit Hotel's shares because the real
Published 13 Feb, 2011 12:00am
China's debt yields edge higher

China's debt yields edge higher

China's central bank bill and government bond yields edged up on Friday morning, with poor demand at a bond auction by China Development Bank (CDB) indicating market caution over more official interest rate hikes.
Published 13 Feb, 2011 12:00am
China's debt yields edge higher

China's debt yields edge higher

China's central bank bill and government bond yields edged up on Friday morning, with poor demand at a bond auction by China Development Bank (CDB) indicating market caution over more official interest rate hikes.
Published 13 Feb, 2011 12:00am
US Midwest corn and soyabeans bids fall

US Midwest corn and soyabeans bids fall

Spot basis bids for corn and soyabeans fell at river terminals around the US Midwest on Friday, pressured by a spike in barge freight, while interior bids held steady amid slow farmer sales of both crops, grain merchants said. A lack of empty barges pushe
Published 13 Feb, 2011 12:00am
US wheat futures down

US wheat futures down

US wheat futures closed lower on Thursday on profit-taking, a firm dollar, a low number for wheat in the USDA's weekly export sales report and improved crop weather in the United States and in China. CBOT March down 23-1/4 cents at $8.62-3/4 per bushel. F
Published 13 Feb, 2011 12:00am
Canadian canola futures lower

Canadian canola futures lower

ICE Canadian canola futures closed lower on Friday, with nearby contracts posting double-digit losses, on fund selling and pressure from the lower US soyabean markets, traders said. Despite the sharp drops in March, April and May, traders said, the market
Published 13 Feb, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 84,123 tonnes of cargo including 49,958 tonnes of import cargo, 34,165 tonnes of export cargo, 5,166 loaded and empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 49,958 tonnes compris
Published 13 Feb, 2011 12:00am
Thailand buys 40,000 tonnes of Australian wheat

Thailand buys 40,000 tonnes of Australian wheat

Thailand bought 40,000 tonnes of Australian prime wheat this week for shipment in April, while flour millers from Malaysia and Indonesia were seeking cargoes for May and June shipment. Indian corn and soyameal exports are expected to slow after Vietnam re
Published 13 Feb, 2011 12:00am
Vietnam to cut rice export floor price by 3-4 percent

Vietnam to cut rice export floor price by 3-4 percent

Vietnam will lower the floor price for 25 percent broken rice, the most common grade for export and often bought by the Philippines, by 3 percent to $480 a tonne early next week, an industry body said. The floor for 5 percent broken rice will also drop ne
Published 13 Feb, 2011 12:00am
Prices move both ways on grain market

Prices move both ways on grain market

Prices moved both ways on the wholesale grains and seed market on Saturday in process of trading, dealers said. Prices were firm on the rice sector on the back of strong export orders, therefore, Irri-6 Sindh low type held overnight level at Rs 3175 while
Published 13 Feb, 2011 12:00am
Oil cake market rates

Oil cake market rates

Futures were mixed on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The March vaida that had closed at Rs 1237.00 opened with a gain of 30 paisa at Rs 1237.30. The May contract which closed at Rs 1318.20 opened wit
Published 13 Feb, 2011 12:00am
Algeria buys 200,000 tonnes of wheat

Algeria buys 200,000 tonnes of wheat

Algeria's state grains agency OAIC has purchased at least 200,000 tonnes of milling wheat in a tender for a nominal 50,000 tonnes issued this week, European traders said on Thursday. Algeria is among countries in north Africa and the Middle East which has
Published 13 Feb, 2011 12:00am
Iraq subsidises power after protests over services

Iraq subsidises power after protests over services

Iraqis will receive their first 1,000 kilowatt-hours of electricity for free each month, the Ministry of Electricity said on Saturday, following growing protests over poor electricity supply and basic services. In the most recent demonstration, hundreds o
Published 13 Feb, 2011 12:00am
Fiat promises massive investment in Italy

Fiat promises massive investment in Italy

Italian auto giant Fiat, under pressure to abandon any plan to move its headquarters to the United States, committed Saturday to invest 20 billion euros to produce 1.4 million vehicles in Italy. Meeting Prime Minister Silvio Berlusconi and senior official
Published 13 Feb, 2011 12:00am
Shell loses Alaska air-quality permit appeal

Shell loses Alaska air-quality permit appeal

A federal panel has denied a request from Royal Dutch Shell to reinstate disputed air-quality permits needed to drill offshore in Arctic waters, making it clear that the company and regulators must start over to draft new and stricter permits.
Published 13 Feb, 2011 12:00am
China to vet inward M&A deals for national security

China to vet inward M&A deals for national security

China will launch a state-level investment review body to check that merger and acquisition deals struck by foreign firms in one of the world's fastest-growing economies do not endanger "national security", China's State Council, the cabinet, said on Satu
Published 13 Feb, 2011 12:00am
Hungary to freeze ministry spending for budget buffer

Hungary to freeze ministry spending for budget buffer

Hungary's government will set aside a safety buffer in the 2011 budget mostly by freezing 187 billion forints ($927.7 million) in ministry spending, according to a government decree published in the Magyar Kozlony gazette. Based on the decree, the governm
Published 13 Feb, 2011 12:00am
India's exports up 32.5 percent

India's exports up 32.5 percent

India's exports in January provisionally rose an annual 32.5 percent to $20.6 billion, the trade secretary said on Saturday, adding he saw exports for the year to March at more than $220 billion, slightly higher than the government's $200 billion target.
Published 13 Feb, 2011 12:00am
Greece slams EU, IMF officials after inspection visit

Greece slams EU, IMF officials after inspection visit

Greece slammed the EU and IMF on Saturday and told them to stop interfering in its domestic affairs after the lenders said Athens was broadly on track but must speed up reforms, sell more assets and fight vested interests. EU and IMF inspectors monitoring
Published 13 Feb, 2011 12:00am
Saudi Arabia to save energy through insulation

Saudi Arabia to save energy through insulation

Top oil exporter Saudi Arabia plans to cut up to 40 percent of its energy use, largely by enforcing investment in insulation, its water and power minister said on Saturday. Power demand in the top Opec producer is rising at an annual rate of 8 percent, re
Published 13 Feb, 2011 12:00am
Obama makes sales pitch for his 2012 US budget

Obama makes sales pitch for his 2012 US budget

President Barack Obama made a sales pitch on Saturday for his forthcoming fiscal year 2012 budget, pledging that it would help the United States "live within our means while investing in our future." The budget, to be unveiled on Monday, contains a mix of
Published 13 Feb, 2011 12:00am
Fed's Raskin warns on mortgage servicing

Fed's Raskin warns on mortgage servicing

A top Federal Reserve official on Friday warned mortgage servicing industry executives they could face enforcement actions and that they shoulder some of the blame for a sluggish economic recovery. "I have seen little or no evidence of improvement in the
Published 13 Feb, 2011 12:00am
SEC charges former IndyMac executives with fraud

SEC charges former IndyMac executives with fraud

A former chief executive of failed mortgage lender IndyMac Bancorp and two former chief financial officers were accused of securities fraud for concealing the bank's financial condition, US securities regulators said on Friday. The Securities and Exchange
Published 13 Feb, 2011 12:00am
US closes four small banks

US closes four small banks

US banking authorities closed small banks in California, Florida, Michigan and Wisconsin on Friday, bringing the total number of bank failures in 2011 to 18. The Federal Deposit Insurance Corporation (FDIC) announced the following closures on Friday:
Published 13 Feb, 2011 12:00am
Anil Ambani group says officials probed over 2G scam

Anil Ambani group says officials probed over 2G scam

India's Reliance Group said Saturday police investigators had "examined" several of its officials over alleged irregularities in the awarding of 2008 mobile phone licences. The statement marked the latest development in a widening probe into the governmen
Published 13 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 13 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 13 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 Saturday (February 12, 2011).

Published 13 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 Saturday (February 12, 2011).

Published 13 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 Saturday (February 12, 2011).

Published 13 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 Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (February 12, 2011).
Published 13 Feb, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Strong demand for dollars forced the rupee give up its overnight gains in relation to the greenback on the currency market on Saturday, dealers said. The rupee surrendered its overnight rising tempo, losing 26 paisa versus dollar for buying and selling at
Published 13 Feb, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Strong demand for dollars forced the rupee give up its overnight gains in relation to the greenback on the currency market on Saturday, dealers said. The rupee surrendered its overnight rising tempo, losing 26 paisa versus dollar for buying and selling at
Published 13 Feb, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Osmany, Hani appointed as Supreme Court judges, Mushir SHC CJ

Osmany, Hani appointed as Supreme Court judges, Mushir SHC CJ

President Asif Ali Zardari on Saturday appointed Justice Sarmad Jalal Osmany, Chief Justice of High Court of Sindh and Justice Amir Hani Muslim, judge of the said court as judges of the Supreme Court of Pakistan with effect from the date they take oath of
Published 13 Feb, 2011 12:00am
Osmany, Hani appointed as Supreme Court judges, Mushir SHC CJ

Osmany, Hani appointed as Supreme Court judges, Mushir SHC CJ

President Asif Ali Zardari on Saturday appointed Justice Sarmad Jalal Osmany, Chief Justice of High Court of Sindh and Justice Amir Hani Muslim, judge of the said court as judges of the Supreme Court of Pakistan with effect from the date they take oath of
Published 13 Feb, 2011 12:00am
Egypt's army commits to civilian rule, treaties

Egypt's army commits to civilian rule, treaties

Egypt's new military rulers told the nation on Saturday they were committed to civilian rule and democracy after Hosni Mubarak's overthrow and said they would respect all treaties, a move to reassure Israel and Washington. Some pro-democracy activists in
Published 13 Feb, 2011 12:00am
Egypt's army commits to civilian rule, treaties

Egypt's army commits to civilian rule, treaties

Egypt's new military rulers told the nation on Saturday they were committed to civilian rule and democracy after Hosni Mubarak's overthrow and said they would respect all treaties, a move to reassure Israel and Washington. Some pro-democracy activists in
Published 13 Feb, 2011 12:00am
Egypt slaps travel ban on former Prime Minister

Egypt slaps travel ban on former Prime Minister

Egypt's chief prosecutor on Saturday banned sacked prime minister Ahmed Nazif from leaving the country, a day after the overthrow of president Hosni Mubarak, state news agency MENA reported. The prosecutor also banned the widely despised former interior m
Published 13 Feb, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (February 12, 2011) and for Sunday (February 13, 2011).
Published 13 Feb, 2011 12:00am
Egypt slaps travel ban on former Prime Minister

Egypt slaps travel ban on former Prime Minister

Egypt's chief prosecutor on Saturday banned sacked prime minister Ahmed Nazif from leaving the country, a day after the overthrow of president Hosni Mubarak, state news agency MENA reported. The prosecutor also banned the widely despised former interior m
Published 13 Feb, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Krishna commits a social blunder

Krishna commits a social blunder

Indian External Affairs Minister S M Krishna committed a faux pas in the UN Security Council Friday when he read out the Portuguese delegate's speech, instead of India's, before an aide intervened and he turned to his own text.
Published 13 Feb, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Krishna commits a social blunder

Krishna commits a social blunder

Indian External Affairs Minister S M Krishna committed a faux pas in the UN Security Council Friday when he read out the Portuguese delegate's speech, instead of India's, before an aide intervened and he turned to his own text.
Published 13 Feb, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (February 12, 2011).

Published 13 Feb, 2011 12:00am
Benazir assassination case: ATC issues arrest warrant

Benazir assassination case: ATC issues arrest warrant

An Anti Terrorism Court on Saturday issued arrest warrant of former military dictator General Pervez Musharraf (Retd) for his alleged involvement in the assassination of former premier Benazir Bhutto in December 27, 2007. Judge of Anti Terrorism Court (AT
Published 13 Feb, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (February 12, 2011) and the forecast for Sunday (February 13, 2011).

Published 13 Feb, 2011 12:00am
Benazir assassination case: ATC issues arrest warrant

Benazir assassination case: ATC issues arrest warrant

An Anti Terrorism Court on Saturday issued arrest warrant of former military dictator General Pervez Musharraf (Retd) for his alleged involvement in the assassination of former premier Benazir Bhutto in December 27, 2007. Judge of Anti Terrorism Court (AT
Published 13 Feb, 2011 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (January 03 to 31, 2011)

Published 13 Feb, 2011 12:00am
Musharraf will not comply with warrant: spokesman

Musharraf will not comply with warrant: spokesman

Former president Pervez Musharraf will not return to Pakistan to comply with an arrest warrant issued by a court about the death of Benazir Bhutto, his spokesman in London, Fawad Chaudhry, said on Saturday. "No, he won't be going back for this hearing," F
Published 13 Feb, 2011 12:00am
Musharraf will not comply with warrant: spokesman

Musharraf will not comply with warrant: spokesman

Former president Pervez Musharraf will not return to Pakistan to comply with an arrest warrant issued by a court about the death of Benazir Bhutto, his spokesman in London, Fawad Chaudhry, said on Saturday. "No, he won't be going back for this hearing," F
Published 13 Feb, 2011 12:00am
Tax clearance certificate made mandatory: stock exchange investors

Tax clearance certificate made mandatory: stock exchange investors

The Federal Board of Revenue (FBR) has made it mandatory for investors of stock exchanges to obtain 'tax clearance certificate' from respective tax authorities for clearance of their tax liabilities of capital gains tax (CGT) before closure of their broke
Published 13 Feb, 2011 12:00am
Tax clearance certificate made mandatory: stock exchange investors

Tax clearance certificate made mandatory: stock exchange investors

The Federal Board of Revenue (FBR) has made it mandatory for investors of stock exchanges to obtain 'tax clearance certificate' from respective tax authorities for clearance of their tax liabilities of capital gains tax (CGT) before closure of their broke
Published 13 Feb, 2011 12:00am
Tax clearance certificate made mandatory: stock exchange investors

Tax clearance certificate made mandatory: stock exchange investors

The Federal Board of Revenue (FBR) has made it mandatory for investors of stock exchanges to obtain ''tax clearance certificate'' from respective tax authorities for clearance of their tax liabilities of capital gains tax (CGT) before closure of their bro
Published 13 Feb, 2011 12:00am
FBR issues SRO for computing CGT

FBR issues SRO for computing CGT

Every investor, other than individual investors of stock exchanges, shall e-file statement of advance tax on capital gain within seven days after the end of each quarter.
Published 13 Feb, 2011 12:00am
FBR issues SRO for computing CGT

FBR issues SRO for computing CGT

Every investor, other than individual investors of stock exchanges, shall e-file statement of advance tax on capital gain within seven days after the end of each quarter.
Published 13 Feb, 2011 12:00am
FBR issues SRO for computing CGT

FBR issues SRO for computing CGT

Every investor, other than individual investors of stock exchanges, shall e-file statement of advance tax on capital gain within seven days after the end of each quarter.
Published 13 Feb, 2011 12:00am
'Wash Sales', 'Cross Trades' and 'Tax Swap Sales' defined

'Wash Sales', 'Cross Trades' and 'Tax Swap Sales' defined

The Federal Board of Revenue has defined 'Wash Sales', 'Cross Trades' and 'Tax Swap Sales' under the Income Tax Rules issued for the computation of capital gains on disposal of securities at the stock exchanges. According to the S.R.O.112(1)/2011 issued h
Published 13 Feb, 2011 12:00am
'Wash Sales', 'Cross Trades' and 'Tax Swap Sales' defined

'Wash Sales', 'Cross Trades' and 'Tax Swap Sales' defined

The Federal Board of Revenue has defined 'Wash Sales', 'Cross Trades' and 'Tax Swap Sales' under the Income Tax Rules issued for the computation of capital gains on disposal of securities at the stock exchanges. According to the S.R.O.112(1)/2011 issued h
Published 13 Feb, 2011 12:00am
''Wash Sales'', ''Cross Trades'' and ''Tax Swap Sales'' defined

''Wash Sales'', ''Cross Trades'' and ''Tax Swap Sales'' defined

The Federal Board of Revenue has defined ''Wash Sales'', ''Cross Trades'' and ''Tax Swap Sales'' under the Income Tax Rules issued for the computation of capital gains on disposal of securities at the stock exchanges. According to the S.R.O.112(1)/2011 is
Published 13 Feb, 2011 12:00am
Duty/taxes exemption for engineering sector: FBR rejects EDB proposals

Duty/taxes exemption for engineering sector: FBR rejects EDB proposals

The Federal Board of Revenue (FBR) has outrightly rejected a proposal of Engineering Development Board (EDB) to provide total exemption of duties and taxes on all kinds of imports made by the local engineering sector. Sources told Business Recorder </i
Published 13 Feb, 2011 12:00am
Duty/taxes exemption for engineering sector: FBR rejects EDB proposals

Duty/taxes exemption for engineering sector: FBR rejects EDB proposals

The Federal Board of Revenue (FBR) has outrightly rejected a proposal of Engineering Development Board (EDB) to provide total exemption of duties and taxes on all kinds of imports made by the local engineering sector. Sources told Business Recorder </i
Published 13 Feb, 2011 12:00am
Duty/taxes exemption for engineering sector: FBR rejects EDB proposals

Duty/taxes exemption for engineering sector: FBR rejects EDB proposals

The Federal Board of Revenue (FBR) has outrightly rejected a proposal of Engineering Development Board (EDB) to provide total exemption of duties and taxes on all kinds of imports made by the local engineering sector. Sources told Business Recorder </i
Published 13 Feb, 2011 12:00am
US postpones talks with Pakistan, Afghanistan

US postpones talks with Pakistan, Afghanistan

High-level talks between the United States, Afghanistan and Pakistan due later this month have been postponed, the State Department said Saturday in the latest sign of strained US ties with Islamabad. The trilateral annual talks, in which ministers and ot
Published 13 Feb, 2011 12:00am
US postpones talks with Pakistan, Afghanistan

US postpones talks with Pakistan, Afghanistan

High-level talks between the United States, Afghanistan and Pakistan due later this month have been postponed, the State Department said Saturday in the latest sign of strained US ties with Islamabad. The trilateral annual talks, in which ministers and ot
Published 13 Feb, 2011 12:00am
US considers tougher approach

US considers tougher approach

A stand-off between the United States and Pakistan over a jailed American embassy worker took an ominous turn Friday when police accused the man of ``cold-blooded murder' and the US responded with thinly veiled threats to cut valued aid and access for Pak
Published 13 Feb, 2011 12:00am
US considers tougher approach

US considers tougher approach

A stand-off between the United States and Pakistan over a jailed American embassy worker took an ominous turn Friday when police accused the man of ``cold-blooded murder'' and the US responded with thinly veiled threats to cut valued aid and access for Pa
Published 13 Feb, 2011 12:00am
US to include four flood-hit districts in ROZ law

US to include four flood-hit districts in ROZ law

The United States has assured to include four flood-hit districts of Pakistan in the proposed legislation of the Reconstruction Opportunity Zones (ROZs) to qualify Pakistani products for zero duty in US market. Commerce Secretary Zafar Mahmood said this h
Published 13 Feb, 2011 12:00am
US to include four flood-hit districts in ROZ law

US to include four flood-hit districts in ROZ law

The United States has assured to include four flood-hit districts of Pakistan in the proposed legislation of the Reconstruction Opportunity Zones (ROZs) to qualify Pakistani products for zero duty in US market. Commerce Secretary Zafar Mahmood said this h
Published 13 Feb, 2011 12:00am
US to include four flood-hit districts in ROZ law

US to include four flood-hit districts in ROZ law

The United States has assured to include four flood-hit districts of Pakistan in the proposed legislation of the Reconstruction Opportunity Zones (ROZs) to qualify Pakistani products for zero duty in US market. Commerce Secretary Zafar Mahmood said this h
Published 13 Feb, 2011 12:00am
Davis not entitled to diplomatic protection: Salman

Davis not entitled to diplomatic protection: Salman

Amid a fresh call for release of Raymond Davis, the US national charged with killing two in Lahore last month, by the US Consul General in Lahore, Foreign Secretary Salman Bashir Saturday made it clear that Davis was not entitled to diplomatic protection
Published 13 Feb, 2011 12:00am
Davis not entitled to diplomatic protection: Salman

Davis not entitled to diplomatic protection: Salman

Amid a fresh call for release of Raymond Davis, the US national charged with killing two in Lahore last month, by the US Consul General in Lahore, Foreign Secretary Salman Bashir Saturday made it clear that Davis was not entitled to diplomatic protection
Published 13 Feb, 2011 12:00am
Russia's landmark: Mars simulation orchestrates successful landing

Russia's landmark: Mars simulation orchestrates successful landing

The largest Mars experiment in the history of space travel has reached a milestone, with its participants successfully completing a virtual landing on the red planet from a sealed container in Russia, the Interfax news agency reported Saturday.
Published 13 Feb, 2011 12:00am
Russia's landmark: Mars simulation orchestrates successful landing

Russia's landmark: Mars simulation orchestrates successful landing

The largest Mars experiment in the history of space travel has reached a milestone, with its participants successfully completing a virtual landing on the red planet from a sealed container in Russia, the Interfax news agency reported Saturday.
Published 13 Feb, 2011 12:00am
Americans' favourite lands: Pakistan's rating hits a low at 18 percent

Americans' favourite lands: Pakistan's rating hits a low at 18 percent

Americans have a negative view of Iran and North Korea, which they rated their least favourite countries in Gallup's annual World Affairs poll. Others at the bottom of the poll included the Palestinian Authority (19 percent), Pakistan (18 percent) and Afg
Published 13 Feb, 2011 12:00am
Americans' favourite lands: Pakistan's rating hits a low at 18 percent

Americans' favourite lands: Pakistan's rating hits a low at 18 percent

Americans have a negative view of Iran and North Korea, which they rated their least favourite countries in Gallup's annual World Affairs poll. Others at the bottom of the poll included the Palestinian Authority (19 percent), Pakistan (18 percent) and Afg
Published 13 Feb, 2011 12:00am
Prime Minister approves five officers' promotion

Prime Minister approves five officers' promotion

Prime Minister Syed Yousuf Raza Gilani on Saturday approved the recommendations of Central Selection Board for promotion of five officers in different services and groups.
Published 13 Feb, 2011 12:00am
Prime Minister approves five officers' promotion

Prime Minister approves five officers' promotion

Prime Minister Syed Yousuf Raza Gilani on Saturday approved the recommendations of Central Selection Board for promotion of five officers in different services and groups.
Published 13 Feb, 2011 12:00am
Newspapers holiday

Newspapers holiday

All Pakistan Newspapers Society (APNS) said in a statement on Saturday that the member publications of APNS will observe Wednesday, February 16, 2011 as closed holiday on account if Eid-e-Milad-un-Nabi. Consequently, there will be no morning newspapers on
Published 13 Feb, 2011 12:00am
Newspapers holiday

Newspapers holiday

All Pakistan Newspapers Society (APNS) said in a statement on Saturday that the member publications of APNS will observe Wednesday, February 16, 2011 as closed holiday on account if Eid-e-Milad-un-Nabi. Consequently, there will be no morning newspapers on
Published 13 Feb, 2011 12:00am
Bank holiday

Bank holiday

State Bank of Pakistan and other banks of the country will remain closed on Wednesday, February 16, being public holiday as declared by the Government of Pakistan on account of birthday of Holy Prophet (Pbuh).
Published 13 Feb, 2011 12:00am
Bank holiday

Bank holiday

State Bank of Pakistan and other banks of the country will remain closed on Wednesday, February 16, being public holiday as declared by the Government of Pakistan on account of birthday of Holy Prophet (Pbuh).
Published 13 Feb, 2011 12:00am
Bank holiday

Bank holiday

State Bank of Pakistan and other banks of the country will remain closed on Wednesday, February 16, being public holiday as declared by the Government of Pakistan on account of birthday of Holy Prophet (Pbuh).
Published 13 Feb, 2011 12:00am
Reference held at KPC: M A Zuberi Remembered

Reference held at KPC: M A Zuberi Remembered

Speakers at a condolence reference held in memory of M A Zuberi at Karachi Press Club on Saturday paid the late doyen of journalism homage for his pioneering role in the history of economic and financial journalism in Pakistan. The late Zuberi was the fou
Published 13 Feb, 2011 12:00am
Reference held at KPC: M A Zuberi Remembered

Reference held at KPC: M A Zuberi Remembered

Speakers at a condolence reference held in memory of M A Zuberi at Karachi Press Club on Saturday paid the late doyen of journalism homage for his pioneering role in the history of economic and financial journalism in Pakistan. The late Zuberi was the fou
Published 13 Feb, 2011 12:00am
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