BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-03-12
Malik sees accord on blasphemy laws
Top News

Malik sees accord on blasphemy laws

LONDON: Pakistani politicians should be able to reach a cross-party accord to end misuse of the blasphemy law, based on
Published 12 Mar, 2011 03:39pm
Tsunami waves kill one in California
Top News

Tsunami waves kill one in California

SAN FRANCISCO: Tsunami waves from Japan's huge earthquake have killed at least one person in the United States, official
Published 12 Mar, 2011 01:23pm
Weekly inflation up by 0.59 pc
Top News

Weekly inflation up by 0.59 pc

ISLAMABAD; The Sensitive Price Indicator (SPI), for the week ended on 10 March, for the lowest income group up to Rs.3,0
Published 12 Mar, 2011 12:48pm
Explosion at quake hit Japan nuke plant
Top News

Explosion at quake hit Japan nuke plant

TOKYO: A Japanese nuclear power plant was hit by an explosion on Saturday, raising fears of a radioactive meltdown, a da
Published 12 Mar, 2011 11:53am
Libya rebels seek Arab League backing
Top News

Libya rebels seek Arab League backing

CAIRO; Libyan rebels called Saturday for help from the Arab League as it met for key talks on the conflict, including re
Published 12 Mar, 2011 11:50am
Gas pipeline blown up in Pir Koh
Top News

Gas pipeline blown up in Pir Koh

QUETTA: Unknown men blew up a pipeline supplying natural gas to the gas purification plant in Pir Koh area on late Satur
Published 12 Mar, 2011 11:29am
ICCI for equitable, fair taxation policy
Top News

ICCI for equitable, fair taxation policy

ISLAMABAD: The Islamabad Chamber of Commerce and Industry on Saturday stressed the need for implementing a free and fair
Published 12 Mar, 2011 11:06am
Braga floor Liverpool, Man City disappoint

Braga floor Liverpool, Man City disappoint

Modest Braga, who have never won a Portuguese league title, stunned five-times European champions Liverpool 1-0 with a first-half penalty in the Europa League on Thursday. Twice European champions Porto won 1-0 at CSKA Moscow in another of the round-of-16
Published 12 Mar, 2011 12:00am
China's inflation tops expectations, paves way for more tightening

China's inflation tops expectations, paves way for more tightening

Chinese inflation topped expectations in February at 4.9 percent and looks set to climb further in coming months, adding to pressure for another dose of monetary tightening. But data published on Friday also offered tentative signs that the government was
Published 12 Mar, 2011 12:00am
Portugal unveils new cuts ahead of euro summit

Portugal unveils new cuts ahead of euro summit

Portugal announced new austerity measures on Friday in a last-ditch effort to avoid a bailout, putting the onus back on Germany at a euro zone summit to accept a stronger financial safety net for the currency bloc. A German government source said there we
Published 12 Mar, 2011 12:00am
Oil drives UK factory gate inflation to 28-month high

Oil drives UK factory gate inflation to 28-month high

British factory gate inflation rose to its highest annual rate in more than two years in February, led by surging oil and food prices, official data showed on Friday. The figures were in line with expectations but will still worry the Bank of England give
Published 12 Mar, 2011 12:00am
As AIG crumbled, China stepped in as broker: WikiLeaks

As AIG crumbled, China stepped in as broker: WikiLeaks

US officials believe China's insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American firm's collapse in 2008, according to unpublished diplomatic cables. The US government bailout of American International
Published 12 Mar, 2011 12:00am
AIG offers to buy toxic assets from Fed

AIG offers to buy toxic assets from Fed

US insurer American International Group has offered to buy back $15.7 billion in mortgage-backed securities from the central bank as part of its efforts to emerge from a government bailout. In a filing Thursday to US market regulators, AIG offered the Fed
Published 12 Mar, 2011 12:00am
Areva, Rolls-Royce unveil nuclear reactor deal

Areva, Rolls-Royce unveil nuclear reactor deal

French nuclear group Areva and Rolls-Royce agreed a deal Friday for the British engineering firm to manufacture components for reactors in Britain which is renewing its ageing network of nuclear plants. Areva said the agreement could be expanded to cover
Published 12 Mar, 2011 12:00am
US shoppers shake off high gasoline costs in February

US shoppers shake off high gasoline costs in February

US retail sales posted their largest gain in four months in February, but a slump in consumer confidence in early March on rising gasoline prices pointed to slower consumer spending ahead. Sales rose 1.0 percent for the eighth straight month of gains as s
Published 12 Mar, 2011 12:00am
Latest iPad hits stores

Latest iPad hits stores

Apple Inc kicks off sales of its latest iPad on Friday, likely extending its lead in the burgeoning market while offering an important snapshot of consumer demand for tablet computing. Nearly a year after the original proved a smash hit and inspired a wav
Published 12 Mar, 2011 12:00am
Moody's downgrades Spanish regions

Moody's downgrades Spanish regions

Moody's downgraded the credit rating of four wayward Spanish regions by a notch Friday, saying they had lurched beyond deficit limits set in 2010 and would face trouble in 2011 and 2012. The New York-based credit rating agency acted a day after it downgra
Published 12 Mar, 2011 12:00am
Moody's downgrades Spanish regions

Moody's downgrades Spanish regions

Moody's downgraded the credit rating of four wayward Spanish regions by a notch Friday, saying they had lurched beyond deficit limits set in 2010 and would face trouble in 2011 and 2012. The New York-based credit rating agency acted a day after it downgra
Published 12 Mar, 2011 12:00am
Opec members boost output amid Libya disruption

Opec members boost output amid Libya disruption

The Organisation of the Petroleum Exporting Countries (Opec) said Friday its members had raised oil production to the highest level since late 2008, in a report that sought to ease concerns about Libya's supply disruption. The 12-country group has not for
Published 12 Mar, 2011 12:00am
Libya oil output slashed by 1.4 million barrels a day: Total

Libya oil output slashed by 1.4 million barrels a day: Total

Unrest in Libya has almost wiped out production in its key oil sector, slashing output by 1.4 million barrels a day to under 300,000, the head of French oil giant Total said on Friday. "Oil production in Libya must have fallen to between 200,000 and 300,0
Published 12 Mar, 2011 12:00am
Rate hike expectations trimmed

Rate hike expectations trimmed

Investors trimmed their expectations of how aggressively the ECB would hike eurozone interest rates on Friday with global macroeconomic shocks prompting some short-term caution over the growth outlook. Overnight rates corresponding to the European Central
Published 12 Mar, 2011 12:00am
Peso, baht down

Peso, baht down

The Philippine peso and the Thai baht fell against the dollar on Friday, extending losses after a powerful earthquake hit north-east Japan, triggering a 10-metre tsunami prompted investors to cut positions in the riskier currencies. Earlier China's strong
Published 12 Mar, 2011 12:00am
Indian rupee down

Indian rupee down

The Indian rupee weakened on Friday tracking losses in local shares as well as Asian currencies, with broad dollar strength also weighing. The partially convertible rupee closed the week at 45.2400/2500 per dollar, 0.1 percent weaker than its 45.1800/1900
Published 12 Mar, 2011 12:00am
New Zealand, Aussie dollar on backfoot

New Zealand, Aussie dollar on backfoot

The Australian and New Zealand dollars stayed on the backfoot on Friday as the appetite for risk faded due to hightened Middle East tensions, and could face further pressure if China's inflation and production data disappoint. The Australian dollar did ed
Published 12 Mar, 2011 12:00am
Swiss franc ticks down

Swiss franc ticks down

The Swiss franc fell against the dollar and the euro on Friday as investors closed out some long positions as they focused on the Japanese yen after a major earthquake struck Japan. "There is little interest for the franc this morning. The whole focus is
Published 12 Mar, 2011 12:00am
Euro has worst day in month versus dollar

Euro has worst day in month versus dollar

The euro on Thursday suffered its worst day against the dollar in a month after a cut to Spain's credit rating kept eurozone debt problems in focus and left it vulnerable to more losses in coming weeks. Unrest in Saudi Arabia, where witnesses said shots w
Published 12 Mar, 2011 12:00am
Midday trade in New York: Yen advances broadly

Midday trade in New York: Yen advances broadly

The yen advanced broadly on Friday on risk aversion by Japanese investors and expectations of repatriations by Japan's insurance companies as they sell foreign assets to pay for claims after a major earthquake rocked Japan. Midway through the New York ses
Published 12 Mar, 2011 12:00am
Yen slumps in Asia

Yen slumps in Asia

The yen fell broadly and slumped to a two-week low against the dollar on Friday after a major earthquake struck Japan and triggered a slide in Japanese shares. The dollar climbed to as high as around 83.29 yen, the dollar's highest since February 22, risi
Published 12 Mar, 2011 12:00am
Yen surges in London

Yen surges in London

The yen gained against the dollar and the euro on Friday, buoyed by expectations that repatriated funds could flow in to pay for repairs after a major earthquake rocked Japan. The yen recovered after an initial knee-jerk reaction to sell the currency drov
Published 12 Mar, 2011 12:00am
Sterling tumbles

Sterling tumbles

Sterling hit a six-week trough versus the euro and fell to a three-week low against the dollar on Friday, pressured by a drop in UK gilt yields as markets pushed back expectations for UK rate rises in 2011. The pound was also pressured as investors cut ex
Published 12 Mar, 2011 12:00am
Yuan ends flat

Yuan ends flat

The yuan ended little changed against the dollar on Friday even though the People's Bank of China set a weaker mid-point, underscoring the market's view the yuan will likely not fall much. Dealers said the yuan is expected to move in a small range in the
Published 12 Mar, 2011 12:00am
FTSE slips as Japan quake adds to investor caution

FTSE slips as Japan quake adds to investor caution

Britain's top share index closed at its lowest level in three months on Friday after a huge earthquake in Japan knocked investors' confidence. Violence in Libya and high oil prices have already pushed some investors out of equities into assets perceived a
Published 12 Mar, 2011 12:00am
Australian shares plunge

Australian shares plunge

Australian shares fell 1.2 percent on Friday to recorded their biggest weekly drop in over nine months as Middle East unrest, Europe's debt crisis and China's surprisingly weak trade data led a flight to safety. The benchmark index, which only last week b
Published 12 Mar, 2011 12:00am
Seoul shares down

Seoul shares down

Seoul shares finished lower on Friday, as global growth fears undermined investors appetite for riskier bets and as the rising price of raw materials looked set to cut into corporate earnings, analysts said. The Korea Composite Stock Price Index (KOSPI) e
Published 12 Mar, 2011 12:00am
Japan quake hits European shares, insurers weigh

Japan quake hits European shares, insurers weigh

European share prices fell on Friday to their lowest close in two months after the Japanese earthquake, with the insurance sector hit the worst. Also adding to the worries were the continuing crisis in Libya and political tensions elsewhere in the Middle
Published 12 Mar, 2011 12:00am
China, Hong Kong shares down

China, Hong Kong shares down

Hong Kong shares fell on Friday, pushing them to a small weekly decline, as Asian markets saw a selloff in the afternoon after a massive 8.9 magnitude earthquake jolted Japan. The benchmark Hang Seng ended the day 1.6 percent lower but traders said the la
Published 12 Mar, 2011 12:00am
Treasuries soar

Treasuries soar

US Treasury debt prices soared on Thursday as reports of unrest in Saudi Arabia deepened concerns over tensions in the Middle East and North Africa, driving a safety bid that analysts said could dominate the market over the short term. Reports that Saudi
Published 12 Mar, 2011 12:00am
Treasuries soar

Treasuries soar

US Treasury debt prices soared on Thursday as reports of unrest in Saudi Arabia deepened concerns over tensions in the Middle East and North Africa, driving a safety bid that analysts said could dominate the market over the short term. Reports that Saudi
Published 12 Mar, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks ended 0.87 percent lower on Friday, as investors offloaded tech issues on a darkening outlook after their disappointing February sales results. China's unexpected trade deficit last month also weighed on Taiwan's electronics exporters. Analy
Published 12 Mar, 2011 12:00am
Dow sinks below 12,000

Dow sinks below 12,000

Fears about the economy and unrest in Saudi Arabia darkened the outlook for equities on Thursday, pushing major indexes below key technical levels. The Dow's worst day in seven months came after reports that authorities in Saudi Arabia had opened fire on
Published 12 Mar, 2011 12:00am
Friday's afternoon trade: Wall Street recovers

Friday's afternoon trade: Wall Street recovers

US stocks rose on Friday, led by gains in energy shares after Japan's biggest earthquake on record hurt the country's oil refining capacity, but trade was choppy as investors tried to weigh the quake's economic impact. US oil refiner shares were among the
Published 12 Mar, 2011 12:00am
Nikkei hits five-week low after quake

Nikkei hits five-week low after quake

Japan's Nikkei average closed down 1.7 percent, hitting a 5-week low after a massive earthquake hit the north-east coast of Japan on Friday. The quake, with a preliminary magnitude of 8.9, according to the US Geological Survey, shook buildings in Tokyo ca
Published 12 Mar, 2011 12:00am
Indian shares end week lower

Indian shares end week lower

Indian shares fell for the second week in three as they shrugged off better-than-expected factory data and ended 0.8 percent down on Friday after a massive earthquake and tsunami rattled Japan, jolting global markets. Outsourcers shed the most. Fears of u
Published 12 Mar, 2011 12:00am
South East Asian stocks fall

South East Asian stocks fall

Major Southeast Asian stock markets fell more than 1 percent on Friday as a massive earthquake hit Japan and fuelled late selling in markets already jittery about the unrest in oil-producing countries. Southeast Asian exporters to Japan were among the los
Published 12 Mar, 2011 12:00am
Rosneft stands by strategic alliance with BP

Rosneft stands by strategic alliance with BP

State-controlled Rosneft, calling its offshore alliance with BP "strategic", on Friday rebuffed an attempt by the local partners in BP's Russian venture to get involved in the deal. Rosneft struck a pact with BP in January to explore for oil in the Arctic
Published 12 Mar, 2011 12:00am
ECB board member moots single EU debt agency

ECB board member moots single EU debt agency

A senior European Central Bank director called Friday for a single debt agency to issue eurozone bonds and oversee budget policies, as leaders of the 17-nation bloc met in Brussels to bolster the euro. ECB executive board member Lorenzo Bini Smaghi used a
Published 12 Mar, 2011 12:00am
Irish banks' borrowings from Ireland central bank soar

Irish banks' borrowings from Ireland central bank soar

Ireland's central bank lent banks based in the country a record 70 billion euros in special funding at the end of February, a jump of 19 billion euros from the previous month, data showed on Friday. Irish banks, at the root of the country's financial cris
Published 12 Mar, 2011 12:00am
India must allow export of 500,000 tonnes of sugar soon

India must allow export of 500,000 tonnes of sugar soon

India must soon allow 500,000 tonnes of unrestricted sugar exports and bumper cane harvests can easily help the world's top consumer to ship out 1.5 million tonnes more of the sweetener, industry officials said. Sugar output in 2010/11 in India, the world
Published 12 Mar, 2011 12:00am
Thin trade at ruling price on cotton market

Thin trade at ruling price on cotton market

Thin activity was seen on the cotton market on Friday as mills were still sidelined due to less purchasing interest, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 13000, they said. In Sindh and Punjab Phutti prices
Published 12 Mar, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 110,144 tonnes of cargo including 58,355 tonnes of import cargo, 51,789 tonnes of export cargo and 4,637 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 58,355 tonnes compris
Published 12 Mar, 2011 12:00am
Vietnam's rice output to rise; prices down four percent

Vietnam's rice output to rise; prices down four percent

Paddy output from Vietnam's largest rice crop is forecast to rise 5 percent to 10.4 million tonnes this year, with increased supply likely to weigh on prices as demand for the Asian staple remains thin. Rice prices in Vietnam, the world's second-largest r
Published 12 Mar, 2011 12:00am
US Midwest corn, soyabean bids steady

US Midwest corn, soyabean bids steady

Spot basis bids for corn and soybeans held mostly steady around the US Midwest on Thursday amid light farmer sales of each crop, grain merchants said. Some farmers turned bearish after corn futures fell for the fifth session in a row, closing at a two-wee
Published 12 Mar, 2011 12:00am
No trade on grain market

No trade on grain market

Not a single change was seen on the wholesale grain market on Friday as major participants were busy in preparations for Juma prayers, grain and seed merchants group's release said.
Published 12 Mar, 2011 12:00am
US wheat futures hit new three-month lows

US wheat futures hit new three-month lows

US wheat futures plunged on Friday to their lowest in more than three months as a massive earthquake in Japan heightened concerns about the global economy and reinforced a recent pullback in grain prices. Oil prices fell sharply and European stocks hit a
Published 12 Mar, 2011 12:00am
Ivorian cocoa prices fall, planters abandon farms

Ivorian cocoa prices fall, planters abandon farms

Cocoa beans are piling up in east Ivory Coast because of an embargo, while plummeting farmgate prices have pushed planters to abandon farms as Ghana reinforced security at its border to end smuggling, farmers said on Friday. "The amount of smuggling is do
Published 12 Mar, 2011 12:00am
KARACHI CHRONICLE: This female-friendly city

KARACHI CHRONICLE: This female-friendly city

March 8 this year was the hundredth International Women's Day. Thanks to this Day Women are more aware, more confident, active, more outspoken. But its impact has varied from place to place. For instance, one cannot say the women of Saudi Arabia are any b
Published 12 Mar, 2011 12:00am
Charm of calligraphy

Charm of calligraphy

The richness, beauty and power associated with calligraphy for centuries and the charm of this relation engages the calligrapher. The calligrapher involve with the art through his moral force. Basically Islamic calligraphy is associated with geometric art
Published 12 Mar, 2011 12:00am
Women's rights to land and property

Women's rights to land and property

Irtiqa Institute of Social Sciences arranges Hamza Wahid Memorial Lecture every year. Hamza Wahid was a teacher and also a social activist. This was the 11th lecture of the series delivered by Dr Saba Gul Khattak. Her topic was 'Friction between customs a
Published 12 Mar, 2011 12:00am
The Pakistani woman

The Pakistani woman

In recent years, there has been a significant change in roles played by women in all walks of life. Women's involvement is now considered to be the link to complete the cycle that result in a collective effort for community benefits. The Pakistani woman o
Published 12 Mar, 2011 12:00am
Home sweet home

Home sweet home

Making a Home, sweet Home is a dream of every woman. To realise this dream she embraces duties assigned to her with sheer devotion. We questioned both household and career oriented women about challenges, priorities and obstacles.
Published 12 Mar, 2011 12:00am
BRIDGE NOTES: Never ending magic

BRIDGE NOTES: Never ending magic

There are plays in bridge that are very simple to execute. Others are a bit complex requiring vision and farsightedness. Of course the average player takes his chances as per the human limits of the mental vision that he possesses.
Published 12 Mar, 2011 12:00am
New York cotton

New York cotton

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

Published 12 Mar, 2011 12:00am
Quake, tsunami kill 1,000 in Japan

Quake, tsunami kill 1,000 in Japan

A devastating tsunami triggered by the biggest earthquake on record in Japan killed at least 1,000 people along the north-eastern coast on Friday after a wall of water swept away everything in its path. Thousands of residents were evacuated from an area a
Published 12 Mar, 2011 12:00am
New York cotton

New York cotton

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

Published 12 Mar, 2011 12:00am
Quake, tsunami kill 1,000 in Japan

Quake, tsunami kill 1,000 in Japan

A devastating tsunami triggered by the biggest earthquake on record in Japan killed at least 1,000 people along the north-eastern coast on Friday after a wall of water swept away everything in its path. Thousands of residents were evacuated from an area a
Published 12 Mar, 2011 12:00am
Quake loss fears pile pressure on insurers

Quake loss fears pile pressure on insurers

US and European insurance stocks slumped after a massive earthquake struck Japan, raising fears insurers face more bumper claims to add to a string of natural disasters in recent months. The quake off Japan's north-eastern coast triggered a 10-metre tsuna
Published 12 Mar, 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 12 Mar, 2011 12:00am
Quake loss fears pile pressure on insurers

Quake loss fears pile pressure on insurers

US and European insurance stocks slumped after a massive earthquake struck Japan, raising fears insurers face more bumper claims to add to a string of natural disasters in recent months. The quake off Japan's north-eastern coast triggered a 10-metre tsuna
Published 12 Mar, 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 Commi
Published 12 Mar, 2011 12:00am
Quake loss fears pile pressure on insurers

Quake loss fears pile pressure on insurers

US and European insurance stocks slumped after a massive earthquake struck Japan, raising fears insurers face more bumper claims to add to a string of natural disasters in recent months. The quake off Japan''s north-eastern coast triggered a 10-metre tsun
Published 12 Mar, 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 Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
IP gas pipeline: Pakistan seeks China's help

IP gas pipeline: Pakistan seeks China's help

Pakistan will seek assistance from China to import 750 mmcfd to one billion cubic feet gas per day (bcfd) from Iran to meet its domestic demand under Iran-Pakistan (IP) gas pipeline project. "Government will seek assistance from China for 32 projects in d
Published 12 Mar, 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 Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
IP gas pipeline: Pakistan seeks China's help

IP gas pipeline: Pakistan seeks China's help

Pakistan will seek assistance from China to import 750 mmcfd to one billion cubic feet gas per day (bcfd) from Iran to meet its domestic demand under Iran-Pakistan (IP) gas pipeline project. "Government will seek assistance from China for 32 projects in d
Published 12 Mar, 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 Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
IP gas pipeline: Pakistan seeks China''s help

IP gas pipeline: Pakistan seeks China''s help

Pakistan will seek assistance from China to import 750 mmcfd to one billion cubic feet gas per day (bcfd) from Iran to meet its domestic demand under Iran-Pakistan (IP) gas pipeline project. "Government will seek assistance from China for 32 projects in d
Published 12 Mar, 2011 12:00am
PTCL, Etisalat may resolve real estate issue soon

PTCL, Etisalat may resolve real estate issue soon

Government of Pakistan (GoP) and M/s Etisalat, the buyers of 26 per shares in Pakistan Telecommunication Company Limited (PTCL), are expected to resolve the long standing real estate issue within this month after which $780 million will be released to Pak
Published 12 Mar, 2011 12:00am
PTCL, Etisalat may resolve real estate issue soon

PTCL, Etisalat may resolve real estate issue soon

Government of Pakistan (GoP) and M/s Etisalat, the buyers of 26 per shares in Pakistan Telecommunication Company Limited (PTCL), are expected to resolve the long standing real estate issue within this month after which $780 million will be released to Pak
Published 12 Mar, 2011 12:00am
PTCL, Etisalat may resolve real estate issue soon

PTCL, Etisalat may resolve real estate issue soon

Government of Pakistan (GoP) and M/s Etisalat, the buyers of 26 per shares in Pakistan Telecommunication Company Limited (PTCL), are expected to resolve the long standing real estate issue within this month after which $780 million will be released to Pak
Published 12 Mar, 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 Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
Power tariff raised by two percent

Power tariff raised by two percent

The federal government has increased power tariff across the board by 2 percent with immediate effect after a formal agreement reached with the International Monetary Fund (IMF) on Friday. "Yes, we have increased power tariff by 2 percent which will be no
Published 12 Mar, 2011 12:00am
Power tariff raised by two percent

Power tariff raised by two percent

The federal government has increased power tariff across the board by 2 percent with immediate effect after a formal agreement reached with the International Monetary Fund (IMF) on Friday. "Yes, we have increased power tariff by 2 percent which will be no
Published 12 Mar, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 11, 2011).
Published 12 Mar, 2011 12:00am
Power tariff raised by two percent

Power tariff raised by two percent

The federal government has increased power tariff across the board by 2 percent with immediate effect after a formal agreement reached with the International Monetary Fund (IMF) on Friday. "Yes, we have increased power tariff by 2 percent which will be no
Published 12 Mar, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
Talks with IMF remain inconclusive

Talks with IMF remain inconclusive

The 10-day long talks between International Monetary Fund (IMF) and the Ministry of Finance ended inconclusively here on Friday with the Stand By Arrangement (SBA) remaining stalled. The press statement issued by the IMF states that "it remains committed
Published 12 Mar, 2011 12:00am
Talks with IMF remain inconclusive

Talks with IMF remain inconclusive

The 10-day long talks between International Monetary Fund (IMF) and the Ministry of Finance ended inconclusively here on Friday with the Stand By Arrangement (SBA) remaining stalled. The press statement issued by the IMF states that "it remains committed
Published 12 Mar, 2011 12:00am
Talks with IMF remain inconclusive

Talks with IMF remain inconclusive

The 10-day long talks between International Monetary Fund (IMF) and the Ministry of Finance ended inconclusively here on Friday with the Stand By Arrangement (SBA) remaining stalled. The press statement issued by the IMF states that "it remains committed
Published 12 Mar, 2011 12:00am
Subsidy on urea: summary seeking Rs 17.5 billion blocked

Subsidy on urea: summary seeking Rs 17.5 billion blocked

Ministry of Finance (MoF) has reportedly blocked a summary of the Ministry of Industries and Production (MoI&P) for the release of Rs 17.5 billion subsidy to locally manufactured and imported urea during 2010-11, well-informed sources told Business Rec
Published 12 Mar, 2011 12:00am
Subsidy on urea: summary seeking Rs 17.5 billion blocked

Subsidy on urea: summary seeking Rs 17.5 billion blocked

Ministry of Finance (MoF) has reportedly blocked a summary of the Ministry of Industries and Production (MoI&P) for the release of Rs 17.5 billion subsidy to locally manufactured and imported urea during 2010-11, well-informed sources told Business Rec
Published 12 Mar, 2011 12:00am
Subsidy on urea: summary seeking Rs 17.5 billion blocked

Subsidy on urea: summary seeking Rs 17.5 billion blocked

Ministry of Finance (MoF) has reportedly blocked a summary of the Ministry of Industries and Production (MoI&P) for the release of Rs 17.5 billion subsidy to locally manufactured and imported urea during 2010-11, well-informed sources told Business Rec
Published 12 Mar, 2011 12:00am
TCP faces Rs 1.3 billion loss in rice trade

TCP faces Rs 1.3 billion loss in rice trade

The government's move aimed at stabilising rice prices in domestic market and protecting growers' financial interests has cost Trading Corporation of Pakistan (TCP) about Rs 1.3 billion.
Published 12 Mar, 2011 12:00am
TCP faces Rs 1.3 billion loss in rice trade

TCP faces Rs 1.3 billion loss in rice trade

The government's move aimed at stabilising rice prices in domestic market and protecting growers' financial interests has cost Trading Corporation of Pakistan (TCP) about Rs 1.3 billion.
Published 12 Mar, 2011 12:00am
TCP faces Rs 1.3 billion loss in rice trade

TCP faces Rs 1.3 billion loss in rice trade

The government''s move aimed at stabilising rice prices in domestic market and protecting growers'' financial interests has cost Trading Corporation of Pakistan (TCP) about Rs 1.3 billion.
Published 12 Mar, 2011 12:00am
Removal of DG FIA: Supreme Court gives another chance to government

Removal of DG FIA: Supreme Court gives another chance to government

The Supreme Court on Friday gave yet another chance to the government to remove director-general Federal Investigation Agency (FIA) Waseem Ahmed, with a stern warning "not to test the patience of apex court anymore". Chief Justice Iftikhar Muhammad Chaudh
Published 12 Mar, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
Removal of DG FIA: Supreme Court gives another chance to government

Removal of DG FIA: Supreme Court gives another chance to government

The Supreme Court on Friday gave yet another chance to the government to remove director-general Federal Investigation Agency (FIA) Waseem Ahmed, with a stern warning "not to test the patience of apex court anymore". Chief Justice Iftikhar Muhammad Chaudh
Published 12 Mar, 2011 12:00am
Naveed given charge of Water & Power Ministry

Naveed given charge of Water & Power Ministry

Federal Minister for Privatisation Syed Naveed Qamar has been given the additional portfolio of Water and Power Ministry. This was stated by Prime Minister Syed Yousuf Raza Gilani during an interactive session with local media here on Friday.
Published 12 Mar, 2011 12:00am
Naveed given charge of Water & Power Ministry

Naveed given charge of Water & Power Ministry

Federal Minister for Privatisation Syed Naveed Qamar has been given the additional portfolio of Water and Power Ministry. This was stated by Prime Minister Syed Yousuf Raza Gilani during an interactive session with local media here on Friday.
Published 12 Mar, 2011 12:00am
Sindh Assembly flays Supreme Court decision

Sindh Assembly flays Supreme Court decision

The provincial legislators belonging to the ruling Pakistan People's Party came hard on the judiciary and the Pakistan Muslim League-N on Friday while expressing their anger over the Supreme Court order that former Justice Deedar Hussain Shah must be remo
Published 12 Mar, 2011 12:00am
Sindh Assembly flays Supreme Court decision

Sindh Assembly flays Supreme Court decision

The provincial legislators belonging to the ruling Pakistan People's Party came hard on the judiciary and the Pakistan Muslim League-N on Friday while expressing their anger over the Supreme Court order that former Justice Deedar Hussain Shah must be remo
Published 12 Mar, 2011 12:00am
PML-Q team meets Zardari

PML-Q team meets Zardari

A delegation of PML-Q, headed by Chaudhry Shujaat Hussain on Friday night called on President Asif Ali Zardari at the Aiwan-e-Sadr. The delegation included Senator Waseem Sajjad, Chaudhry Pervaiz Elahi, Amir Muqam, Kamil Ali Agha and Riaz Pirzada.
Published 12 Mar, 2011 12:00am
PML-Q team meets Zardari

PML-Q team meets Zardari

A delegation of PML-Q, headed by Chaudhry Shujaat Hussain on Friday night called on President Asif Ali Zardari at the Aiwan-e-Sadr. The delegation included Senator Waseem Sajjad, Chaudhry Pervaiz Elahi, Amir Muqam, Kamil Ali Agha and Riaz Pirzada.
Published 12 Mar, 2011 12:00am
Index loses 80.54 points

Index loses 80.54 points

The KSE-100 index on Friday lost 80.54 points and closed at the level of 12,045.25 points due to investors concerns over the prevailing political situation in the country. Trading activities also remained extremely low, as the volumes at ready counter dec
Published 12 Mar, 2011 12:00am
Index loses 80.54 points

Index loses 80.54 points

The KSE-100 index on Friday lost 80.54 points and closed at the level of 12,045.25 points due to investors concerns over the prevailing political situation in the country. Trading activities also remained extremely low, as the volumes at ready counter dec
Published 12 Mar, 2011 12:00am
Index loses 80.54 points

Index loses 80.54 points

The KSE-100 index on Friday lost 80.54 points and closed at the level of 12,045.25 points due to investors concerns over the prevailing political situation in the country. Trading activities also remained extremely low, as the volumes at ready counter dec
Published 12 Mar, 2011 12:00am
BRIndex30 down by 62.33 points

BRIndex30 down by 62.33 points

On Friday, BRIndex30 opened at 8,896.10 and remained negative throughout the trading session. It touched an intraday high of 8,896.10 and an intraday low of 8,810.70 and closed at 8,833.77 which was -62.33 points or -0.7 percent lower than previous close.
Published 12 Mar, 2011 12:00am
BRIndex30 down by 62.33 points

BRIndex30 down by 62.33 points

On Friday, BRIndex30 opened at 8,896.10 and remained negative throughout the trading session. It touched an intraday high of 8,896.10 and an intraday low of 8,810.70 and closed at 8,833.77 which was -62.33 points or -0.7 percent lower than previous close.
Published 12 Mar, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Mar, 2011 12:00am
Bears dominate LSE

Bears dominate LSE

Bears dominated the proceedings at the Lahore Stock Exchange (LSE) where equities registered losses amid descending transaction volume on Friday. The LSE-25 index lost 22.52 points and was closed at 3660.09 against 3682.61 points of Thursday, while transa
Published 12 Mar, 2011 12:00am
Bears dominate LSE

Bears dominate LSE

Bears dominated the proceedings at the Lahore Stock Exchange (LSE) where equities registered losses amid descending transaction volume on Friday. The LSE-25 index lost 22.52 points and was closed at 3660.09 against 3682.61 points of Thursday, while transa
Published 12 Mar, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 12 Mar, 2011 12:00am
ISE index sheds 27.70 points

ISE index sheds 27.70 points

Bears continued to stay on the driving seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers under the lead of trend-setters amid decrease in index. ISE Ten Index was down by 27.70 points, as the Index moved from 2,877.85 to 2,850.15
Published 12 Mar, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Mar, 2011 12:00am
ISE index sheds 27.70 points

ISE index sheds 27.70 points

Bears continued to stay on the driving seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers under the lead of trend-setters amid decrease in index. ISE Ten Index was down by 27.70 points, as the Index moved from 2,877.85 to 2,850.15
Published 12 Mar, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Mar, 2011 12:00am
Agreement reached on euro pact: EU president

Agreement reached on euro pact: EU president

European Union president Herman Van Rompuy announced Friday via Twitter that the 17 eurozone nations had reached agreement on a pact to co-ordinate economic policy more centrally. "We have an agreement on the pact for the euro," said Van Rompuy, who was t
Published 12 Mar, 2011 12:00am
Agreement reached on euro pact: EU president

Agreement reached on euro pact: EU president

European Union president Herman Van Rompuy announced Friday via Twitter that the 17 eurozone nations had reached agreement on a pact to co-ordinate economic policy more centrally. "We have an agreement on the pact for the euro," said Van Rompuy, who was t
Published 12 Mar, 2011 12:00am
Agreement reached on euro pact: EU president

Agreement reached on euro pact: EU president

European Union president Herman Van Rompuy announced Friday via Twitter that the 17 eurozone nations had reached agreement on a pact to co-ordinate economic policy more centrally. "We have an agreement on the pact for the euro," said Van Rompuy, who was t
Published 12 Mar, 2011 12:00am
Free Hajj: Interior Ministry passes the buck to others

Free Hajj: Interior Ministry passes the buck to others

Interior Ministry placed the blame for free Hajj to a select few on the Ministry of Religious Affairs and Pakistan International Airlines (PIA), saying that Interior Ministry had asked them to facilitate these people, but not to provide them with free tic
Published 12 Mar, 2011 12:00am
Free Hajj: Interior Ministry passes the buck to others

Free Hajj: Interior Ministry passes the buck to others

Interior Ministry placed the blame for free Hajj to a select few on the Ministry of Religious Affairs and Pakistan International Airlines (PIA), saying that Interior Ministry had asked them to facilitate these people, but not to provide them with free tic
Published 12 Mar, 2011 12:00am
Free Hajj: Interior Ministry passes the buck to others

Free Hajj: Interior Ministry passes the buck to others

Interior Ministry placed the blame for free Hajj to a select few on the Ministry of Religious Affairs and Pakistan International Airlines (PIA), saying that Interior Ministry had asked them to facilitate these people, but not to provide them with free tic
Published 12 Mar, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
US drone strike kills six

US drone strike kills six

At least six militants were killed in two US drone attacks in north-western tribal region near the Afghan border on Friday, security officials said. The first drone fired two missiles targeting a suspected militant vehicle in Khaisor town, about 30 kilome
Published 12 Mar, 2011 12:00am
US drone strike kills six

US drone strike kills six

At least six militants were killed in two US drone attacks in north-western tribal region near the Afghan border on Friday, security officials said. The first drone fired two missiles targeting a suspected militant vehicle in Khaisor town, about 30 kilome
Published 12 Mar, 2011 12:00am
Gas closure to continue even after March 15: SNGPL

Gas closure to continue even after March 15: SNGPL

Managing Director (MD) Sui Northern Gas Pipeline Limited (SNGPL) Rasheed Lon said on Friday that gas load shedding would continue even after March 15, 2011 due to demand and supply gap. "In June, gas load shedding schedule will be revised. However, the on
Published 12 Mar, 2011 12:00am
Gas closure to continue even after March 15: SNGPL

Gas closure to continue even after March 15: SNGPL

Managing Director (MD) Sui Northern Gas Pipeline Limited (SNGPL) Rasheed Lon said on Friday that gas load shedding would continue even after March 15, 2011 due to demand and supply gap. "In June, gas load shedding schedule will be revised. However, the on
Published 12 Mar, 2011 12:00am
Gas closure to continue even after March 15: SNGPL

Gas closure to continue even after March 15: SNGPL

Managing Director (MD) Sui Northern Gas Pipeline Limited (SNGPL) Rasheed Lon said on Friday that gas load shedding would continue even after March 15, 2011 due to demand and supply gap. "In June, gas load shedding schedule will be revised. However, the on
Published 12 Mar, 2011 12:00am
Hataf-2 successfully test fired

Hataf-2 successfully test fired

Pakistan on Friday successfully test fired its short range Surface to Surface (STS) Ballistic Missile Hataf-2 (Abdali). The missile test was conducted as part of the process of validation and technical improvements in the Land Based Ballistic Missile Syst
Published 12 Mar, 2011 12:00am
Hataf-2 successfully test fired

Hataf-2 successfully test fired

Pakistan on Friday successfully test fired its short range Surface to Surface (STS) Ballistic Missile Hataf-2 (Abdali). The missile test was conducted as part of the process of validation and technical improvements in the Land Based Ballistic Missile Syst
Published 12 Mar, 2011 12:00am
THE RUPEE: dollar lower moderately

THE RUPEE: dollar lower moderately

Slight recovery was seen in the value of the rupee against dollar on the currency market on Friday, experts said. The rupee gained nine paisa in relation to dollar for buying at 85.28 and picked up 10 paisa for selling at 85.32, they said. In the final se
Published 12 Mar, 2011 12:00am
India tests two nuclear-capable missiles

India tests two nuclear-capable missiles

India tested two short-range nuclear-capable missiles along its eastern coast on Friday, an official said, as part of the nation's efforts to build up its nuclear deterrent. One missile named Dhanush, which means "archer's bow" in Sanskrit, was fired Frid
Published 12 Mar, 2011 12:00am
THE RUPEE: dollar lower moderately

THE RUPEE: dollar lower moderately

Slight recovery was seen in the value of the rupee against dollar on the currency market on Friday, experts said. The rupee gained nine paisa in relation to dollar for buying at 85.28 and picked up 10 paisa for selling at 85.32, they said. In the final se
Published 12 Mar, 2011 12:00am
India tests two nuclear-capable missiles

India tests two nuclear-capable missiles

India tested two short-range nuclear-capable missiles along its eastern coast on Friday, an official said, as part of the nation's efforts to build up its nuclear deterrent. One missile named Dhanush, which means "archer's bow" in Sanskrit, was fired Frid
Published 12 Mar, 2011 12:00am
Bhasha dam: government desperately looking for funding

Bhasha dam: government desperately looking for funding

Pakistan is not getting funding for its most important hydel power project Bhasha dam, from any external source to generate cheap electricity. Sources said Pakistan had formally requested Japan to fund Bhasha dam project. In its response, Japan explained
Published 12 Mar, 2011 12:00am
Bhasha dam: government desperately looking for funding

Bhasha dam: government desperately looking for funding

Pakistan is not getting funding for its most important hydel power project Bhasha dam, from any external source to generate cheap electricity. Sources said Pakistan had formally requested Japan to fund Bhasha dam project. In its response, Japan explained
Published 12 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
Bhasha dam: government desperately looking for funding

Bhasha dam: government desperately looking for funding

Pakistan is not getting funding for its most important hydel power project Bhasha dam, from any external source to generate cheap electricity. Sources said Pakistan had formally requested Japan to fund Bhasha dam project. In its response, Japan explained
Published 12 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
PSM to decide fate of CEO today

PSM to decide fate of CEO today

The reconstituted Board of Directors of the Pakistan Steel Mills (PSM) is meeting on March 12, 2011 (today) to decide the fate of suspended Acting Chief Executive Officer, Imtiaz Lodhi, and to discuss other financial and administrative matters of the enti
Published 12 Mar, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
Previous Day