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Archive - 2011-03-30
Gabon to audit oil companies
Africa

Gabon to audit oil companies

MAKOKOU: President Ali Bongo said on Wednesday that Gabon would audit the oil industry to ensure oil companies were resp
Published 30 Mar, 2011 11:46pm
European stocks close higher
Financial

European stocks close higher

LONDON: European stock markets closed higher on Wednesday, extending recent gains as sentiment got a boost from a solid
Published 30 Mar, 2011 10:24pm
Indian PM vows closer Pakistan ties
Top News

Indian PM vows closer Pakistan ties

MOHALI: Indian Prime Minister Manmohan Singh said Wednesday that "permanent reconciliation" was required with Pakistan,
Published 30 Mar, 2011 06:15pm
Faysal Bank's profits down
Markets

Faysal Bank's profits down

KARACHI: The profit after tax of Faysal Bank Ltd has declined to Rs 1.190 billion for the year ending December 31, 2010
Published 30 Mar, 2011 04:32pm
KSE recomposes 100-Index
Markets

KSE recomposes 100-Index

KARACHI: The Karachi Stock Exchange (Guarantee) Limited has recomposed KSE 100-Index, effective from April 1, 2011. Acc
Published 30 Mar, 2011 04:27pm
Bahrain battles to save business
Top News

Bahrain battles to save business

MANAMA: Harsh economic reality has hit Bahrain's business psyche after martial law was imposed and popular unrest which
Published 30 Mar, 2011 04:23pm
Canada resale home price index rises
Top News

Canada resale home price index rises

TORONTO: Canadian resale home prices rose for a second straight month in January, led by gains in the Vancouver area, ac
Published 30 Mar, 2011 03:14pm
IMF cuts Japan, US 2011 GDP forecast
Top News

IMF cuts Japan, US 2011 GDP forecast

ROME: The International Monetary Fund has cut its forecast for Japan's 2011 GDP growth after this month's devastating ea
Published 30 Mar, 2011 02:58pm
Egypt to elect new president by November
Top News

Egypt to elect new president by November

CAIRO: Egypt is to elect a new president by November to replace veteran strongman Hosni Mubarak who was ousted last mont
Published 30 Mar, 2011 02:31pm
SCB, CDC join hands to support AMCs
Top News

SCB, CDC join hands to support AMCs

KARACHI: Standard Chartered Bank (SCB) Pakistan and Central Depository Company of Pakistan Limited (CDC), have jointly l
Published 30 Mar, 2011 11:07am
Bali bombing suspect arrested
Top News

Bali bombing suspect arrested

ISLAMABAD: Security official in Pakistan said Wednesday that Umar Patek, an alleged mastermind of the 2002 Bali bombing,
Published 30 Mar, 2011 05:23am
Kazmi sent on 14-day judicial remand
Top News

Kazmi sent on 14-day judicial remand

ISLAMABAD: Former Religious Affairs Minister Hamid Saeed Kazmi who was in the custody of the Federal Investigation Agenc
Published 30 Mar, 2011 05:18am
Cricket ahoy!/ Batt(l)ing nerves
BR Research

Cricket ahoy!/ Batt(l)ing nerves

Raymond who? Well forget him and forget terrorism or inflation or target killings - nobody seems interested in anything other than he India
Published 30 Mar, 2011 12:00am
Channels cash on cricket highs
BR Research

Channels cash on cricket highs

They are calling it the South Asian Super Bowl match, as millions of consumers are expected to be glued - quite literally - to their TV scre
Published 30 Mar, 2011 12:00am
Eurozone gives investors three more months to sweat

Eurozone gives investors three more months to sweat

Despite an agreement on funding a future rescue mechanism, the eurozone faces three more months of uncertainty over Portuguese politics, Irish banks and a Finnish election as it struggles to contain a debt crisis. None of these may be show-stoppers for th
Published 30 Mar, 2011 12:00am
Investors overplay Pfizer threat to Abbott's Humira

Investors overplay Pfizer threat to Abbott's Humira

Abbott Laboratories and its top selling rheumatoid arthritis drug Humira are strong enough to withstand looming competition from a new pill developed by Pfizer Inc, despite investor fears that have hobbled Abbott's shares. Abbott's reliance on Humira - an
Published 30 Mar, 2011 12:00am
UK wants end to too-big-to-fail banks: deputy Prime Minister

UK wants end to too-big-to-fail banks: deputy Prime Minister

Britain will accept proposed reforms from a special banking commission panel if they offer taxpayers protection from the danger of banks being too big to fail, Deputy Prime Minister Nick Clegg said on Friday. Britain spent billions of pounds bailing out a
Published 30 Mar, 2011 12:00am
North Sea oil tax rise unlikely to be lasting blow

North Sea oil tax rise unlikely to be lasting blow

Britain's surprise tax increase on North Sea oil and gas output, met with protest by the industry, is unlikely to jeopardise profitability or investment and may create opportunities for smaller companies. On Wednesday, the government raised a supplementar
Published 30 Mar, 2011 12:00am
General Electric to slow pace of energy deals after Converteam

General Electric to slow pace of energy deals after Converteam

General Electric Co, which has racked up some $11 billion in acquisitions in the energy sector over the past six months, plans to slow its pace of dealmaking following its purchase of Converteam, a top executive said. "As you look forward here, our top pr
Published 30 Mar, 2011 12:00am
ECB throws Ireland lifeline; debt trap remains

ECB throws Ireland lifeline; debt trap remains

The European Central Bank's (ECB) plan to give medium-term funding to Irish banks alleviates Ireland's most pressing crisis but it does not solve the fundamental problem of Dublin's debt trap. Prime Minister Enda Kenny can breath a sigh of relief at Frank
Published 30 Mar, 2011 12:00am
Wheat prices turn lower on grain market

Wheat prices turn lower on grain market

Wheat prices were lower on the wholesale grain market on Tuesday where many retailers were reluctant in making new deals in expectations of fall in the prevailing rates, dealers said. Commenting on the downward trend in the wheat prices, some commodity ex
Published 30 Mar, 2011 12:00am
Oil cake market rates

Oil cake market rates

May contract was higher while the July vaida was unchanged on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The March vaida that had closed at Rs 1326.50 opened with a rise of 60 paisa at Rs 1326.10. The May contrac
Published 30 Mar, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 90,883 tonnes of cargo including 36,634 tonnes of import cargo, 54,249 tonnes of export cargo and 4,523 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 36,634 tonnes compris
Published 30 Mar, 2011 12:00am
Vietnam's rice export prices unlikely to fall

Vietnam's rice export prices unlikely to fall

Vietnam's rice export prices are unlikely to fall significantly this year despite a recent bumper harvest due to surging production costs, an industry executive said, tempering the country's edge in export markets. Despite a major dong devaluation in Febr
Published 30 Mar, 2011 12:00am
India may lift wheat export ban in April

India may lift wheat export ban in April

India could decide as early as next month to lift a four-year-old ban on wheat exports, but analysts said the government, struggling to bring down prices, may lack the political will for such a move. The world's second-biggest wheat producer and consumer
Published 30 Mar, 2011 12:00am
Wheat, corn and soya edge higher, eyes on USDA report

Wheat, corn and soya edge higher, eyes on USDA report

Wheat, corn and soyabean edged higher on Tuesday, consolidating after falls linked to events in Japan, the Middle East and North Africa as markets awaited key US data to provide direction. Chicago Board of Trade May wheat rose 0.69 percent to $7.30-1/4 a
Published 30 Mar, 2011 12:00am
'China's 2010-11 soyabean imports likely to rise'

'China's 2010-11 soyabean imports likely to rise'

China's October 2010/September 2011 soyabean imports are likely to rise by 5.5 million tonnes on the year to 55.8 million as its economic growth fuels demand, Hamburg-based oilseeds analysts Oil World said on Tuesday. This means China will account for 58
Published 30 Mar, 2011 12:00am
China sells 108,991 tonnes of feed wheat

China sells 108,991 tonnes of feed wheat

China's government sold 108,991 tonnes of state wheat reserves whose quality has deteriorated for animal feed production, 36 percent of the volume of 300,990 tonnes offered at Tuesday's auction. The auction marked the first such sale of wheat reserves to
Published 30 Mar, 2011 12:00am
Japan's recovery key to turnaround in clean tanker market

Japan's recovery key to turnaround in clean tanker market

An expected surge in demand for foreign oil products for power generation in quake-crippled Japan will support the clean oil tanker market in coming months to help sustain a nascent upturn in rates. Rising clean tanker rates could add to inflation pressur
Published 30 Mar, 2011 12:00am
Rio lowers threshold for Riversdale bid

Rio lowers threshold for Riversdale bid

Global miner Rio Tinto said it would go ahead with its A$3.9 billion ($4 billion) takeover offer for Riversdale Mining even if it ended up with a minority stake in the Mozambique-focused coal miner. The offer, announced in December, was originally conditi
Published 30 Mar, 2011 12:00am
AgBank fourth quarter net profit up 83 percent, beats forecasts

AgBank fourth quarter net profit up 83 percent, beats forecasts

Agricultural Bank of China, the country's No 3 lender by assets, reported a forecast-beating 83 percent rise in quarterly profit on Tuesday, helped by a widening net interest margin as it doled out loans to its core rural clients. AgBank posted a 24.72 bi
Published 30 Mar, 2011 12:00am
AgBank fourth quarter net profit up 83 percent, beats forecasts

AgBank fourth quarter net profit up 83 percent, beats forecasts

Agricultural Bank of China, the country's No 3 lender by assets, reported a forecast-beating 83 percent rise in quarterly profit on Tuesday, helped by a widening net interest margin as it doled out loans to its core rural clients. AgBank posted a 24.72 bi
Published 30 Mar, 2011 12:00am
Venezuela oil exports declined 16 percent

Venezuela oil exports declined 16 percent

Venezuela's oil exports declined 16 percent to 2.17 million barrels per day in February compared with January, the Opec member's Energy Ministry said in a statement on Tuesday. South America's biggest oil producer also imported almost 50,000 bpd of crude
Published 30 Mar, 2011 12:00am
General Electric 's $3.2 billion deal could cap spate of energy moves

General Electric 's $3.2 billion deal could cap spate of energy moves

General Electric Co reached a $3.2 billion agreement to acquire a French maker of automation systems used in the oil and gas sector, marking GE's latest in a series of deals in the energy industry. The largest US conglomerate on Tuesday said its acquisiti
Published 30 Mar, 2011 12:00am
US consumer morale ebbs, home prices near 2009 lows

US consumer morale ebbs, home prices near 2009 lows

US consumer confidence fell in March as households worried about inflation, while home prices fell for the seventh straight month in January, pointing to a loss in momentum in the economy. While rising energy prices and nervousness about the effects of th
Published 30 Mar, 2011 12:00am
US regulators define 'safe' home loan

US regulators define 'safe' home loan

US lenders would have to offer mortgages with at least a 20 percent down payment if they want to repackage the loan to sell to other investors without keeping some of the risk on their books, according to a proposal US bank regulators endorsed on Tuesday.
Published 30 Mar, 2011 12:00am
UK economy suffers sharpest contraction since mid-2009

UK economy suffers sharpest contraction since mid-2009

Britain's economy suffered its sharpest contraction since mid-2009 late last year, despite shrinking slightly less than previously estimated, according to figures that highlight the uncertain nature of its recovery. Economists said Tuesday's final estimat
Published 30 Mar, 2011 12:00am
Belarus allows trouble devaluation

Belarus allows trouble devaluation

Belarus on Tuesday effectively allowed the Belarussian rouble to devalue by 10 percent, in a move that analysts say could help it secure bailout loans but would not by itself fix an unsustainable foreign trade gap. The Belarussian rouble has come under pr
Published 30 Mar, 2011 12:00am
Peace helps Sri Lanka growth to 32-year high

Peace helps Sri Lanka growth to 32-year high

Sri Lanka's economy grew at 8 percent in 2010, its fastest rate in 32 years, as the country enjoyed its first full-year expansion after the end of a 25-year civil war, the government said on Tuesday. The GDP rise, which was in line with forecasts, followe
Published 30 Mar, 2011 12:00am
Sri Lanka reach final

Sri Lanka reach final

Sri Lanka reached the World Cup final with a five-wicket win against New Zealand on Tuesday as veteran off-spinner Muttiah Muralitharan said goodbye to his home crowd. Sri Lanka, set a modest 218 to win, wobbled in the middle before reaching their target
Published 30 Mar, 2011 12:00am
Standing ovation to Murali

Standing ovation to Murali

Tens of thousands of Sri Lankan fans on Tuesday gave their hero Muttiah Muralitharan a final standing ovation after the home team reached the World Cup final by beating New Zealand. Muralitharan, 38, playing his last match on home turf, will retire on Sat
Published 30 Mar, 2011 12:00am
Shoaib could get one last tilt at glory

Shoaib could get one last tilt at glory

Pakistan are considering playing their controversial fast bowler Shoaib Akhtar, who will retire after the World Cup, in Wednesday's semi-final against arch-rivals India provided he is fit. Shoaib, 35, has not played since Pakistan's loss to New Zealand in
Published 30 Mar, 2011 12:00am
Ponting steps down as Test, ODI captain

Ponting steps down as Test, ODI captain

Ricky Ponting, the most successful captain in 134 years of Test cricket, resigned as the Australian Test and One-day skipper on Tuesday but will continue as a batsman with the team. The 36-year-old, who has led Australia in One day internationals since 20
Published 30 Mar, 2011 12:00am
Miandad urges India, Pakistan to build bridges

Miandad urges India, Pakistan to build bridges

Former Pakistan captain Javed Miandad on Tuesday urged estranged rivals India and Pakistan to take advantage of their much-hyped World Cup semi-final clash and build bridges. Miandad, currently director general of the Pakistan Cricket Board (PCB), said it
Published 30 Mar, 2011 12:00am
Kirsten dossier rates Pakistan 'dangerous'

Kirsten dossier rates Pakistan 'dangerous'

India need to raise their performance in Wednesday's World Cup semi-final against "dangerous" Pakistan if they aim to win the showpiece event, coach Gary Kirsten has said. He also added Pakistan were known for playing "fearless" cricket, according to the
Published 30 Mar, 2011 12:00am
New York cotton

New York cotton

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

Published 30 Mar, 2011 12:00am
New York cotton

New York cotton

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

Published 30 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 30 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 30 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 Tuesday (March 29, 2011).

Published 30 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 Tuesday (March 29, 2011).

Published 30 Mar, 2011 12:00am
Ready for the big match

Ready for the big match

Cricket fever gripped India and Pakistan on Tuesday ahead of a World Cup showdown between the historic foes whose on-field rivalry is one of the world's great sporting contests. The South Asian neighbours, with a shared history of brotherhood and bloodshe
Published 30 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 Tuesday (March 29, 2011).

Published 30 Mar, 2011 12:00am
Ready for the big match

Ready for the big match

Cricket fever gripped India and Pakistan on Tuesday ahead of a World Cup showdown between the historic foes whose on-field rivalry is one of the world's great sporting contests. The South Asian neighbours, with a shared history of brotherhood and bloodshe
Published 30 Mar, 2011 12:00am
Heavy rains hit Mohali

Heavy rains hit Mohali

With less than 24 hours to go for the blockbuster World Cup semi-final match, the host city, Mohali, has been hit by rains, according to TV reports. The Meteorological Department has forecast thundershowers for Wednesday night. However, they say the weath
Published 30 Mar, 2011 12:00am
Heavy rains hit Mohali

Heavy rains hit Mohali

With less than 24 hours to go for the blockbuster World Cup semi-final match, the host city, Mohali, has been hit by rains, according to TV reports. The Meteorological Department has forecast thundershowers for Wednesday night. However, they say the weath
Published 30 Mar, 2011 12:00am
Kashmiris pray for Pakistan victory

Kashmiris pray for Pakistan victory

Not everyone in India is hoping for a victory over Pakistan in the cricket World Cup: in Indian held Kashmir, allegiance to the rival team reflects bitter feelings in the turbulent region. From Internet networking sites to social gatherings, most Kashmiri
Published 30 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 Tuesday (March 29, 2011).

Published 30 Mar, 2011 12:00am
Kashmiris pray for Pakistan victory

Kashmiris pray for Pakistan victory

Not everyone in India is hoping for a victory over Pakistan in the cricket World Cup: in Indian held Kashmir, allegiance to the rival team reflects bitter feelings in the turbulent region. From Internet networking sites to social gatherings, most Kashmiri
Published 30 Mar, 2011 12:00am
Prime Minister announces half-day off for today

Prime Minister announces half-day off for today

The Prime Minister on Tuesday announced half-day holiday for Wednesday so that people could watch Pakistan-India cricket semi final being played at Mohali, India. All the offices will close at 12:00 noon. Meanwhile, Sindh Governor Dr Ishratul Ibad Khan an
Published 30 Mar, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 29, 2011).
Published 30 Mar, 2011 12:00am
Prime Minister announces half-day off for today

Prime Minister announces half-day off for today

The Prime Minister on Tuesday announced half-day holiday for Wednesday so that people could watch Pakistan-India cricket semi final being played at Mohali, India. All the offices will close at 12:00 noon. Meanwhile, Sindh Governor Dr Ishratul Ibad Khan an
Published 30 Mar, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 29, 2011).

Published 30 Mar, 2011 12:00am
Afridi cracks jokes, tags India favourite

Afridi cracks jokes, tags India favourite

Pakistan captain Shahid Afridi cracked jokes and tagged Mahendra Singh Dhoni's men as favourites as he attempted to deflect the pressure off his team ahead of their World Cup semi-final against arch rivals India. A day before Wednesday's high-profile matc
Published 30 Mar, 2011 12:00am
Afridi cracks jokes, tags India favourite

Afridi cracks jokes, tags India favourite

Pakistan captain Shahid Afridi cracked jokes and tagged Mahendra Singh Dhoni's men as favourites as he attempted to deflect the pressure off his team ahead of their World Cup semi-final against arch rivals India. A day before Wednesday's high-profile matc
Published 30 Mar, 2011 12:00am
Zero-rating facility for five sectors: SRO 231 held in abeyance: FBR

Zero-rating facility for five sectors: SRO 231 held in abeyance: FBR

The Federal Board of Revenue (FBR) has temporarily restored sales tax zero-rating facility on the local supply of five leading export sectors - textile, leather, surgical, carpets and sports goods - by suspending implementation of the SRO.231(I)/2011.
Published 30 Mar, 2011 12:00am
Zero-rating facility for five sectors: SRO 231 held in abeyance: FBR

Zero-rating facility for five sectors: SRO 231 held in abeyance: FBR

The Federal Board of Revenue (FBR) has temporarily restored sales tax zero-rating facility on the local supply of five leading export sectors - textile, leather, surgical, carpets and sports goods - by suspending implementation of the SRO.231(I)/2011.
Published 30 Mar, 2011 12:00am
Zero-rating facility for five sectors: SRO 231 held in abeyance: FBR

Zero-rating facility for five sectors: SRO 231 held in abeyance: FBR

The Federal Board of Revenue (FBR) has temporarily restored sales tax zero-rating facility on the local supply of five leading export sectors - textile, leather, surgical, carpets and sports goods - by suspending implementation of the SRO.231(I)/2011.
Published 30 Mar, 2011 12:00am
KCCI budget proposals: levy of agriculture tax strongly proposed

KCCI budget proposals: levy of agriculture tax strongly proposed

Karachi Chamber of Commerce and Industry (KCCI) has informed the Federal Board of Revenue (FBR) that the revenue generation capacity of the agricultural income tax is approximately Rs 200 billion in 2011-12 in case the federal government makes filing of i
Published 30 Mar, 2011 12:00am
KCCI budget proposals: levy of agriculture tax strongly proposed

KCCI budget proposals: levy of agriculture tax strongly proposed

Karachi Chamber of Commerce and Industry (KCCI) has informed the Federal Board of Revenue (FBR) that the revenue generation capacity of the agricultural income tax is approximately Rs 200 billion in 2011-12 in case the federal government makes filing of i
Published 30 Mar, 2011 12:00am
KCCI budget proposals: levy of agriculture tax strongly proposed

KCCI budget proposals: levy of agriculture tax strongly proposed

Karachi Chamber of Commerce and Industry (KCCI) has informed the Federal Board of Revenue (FBR) that the revenue generation capacity of the agricultural income tax is approximately Rs 200 billion in 2011-12 in case the federal government makes filing of i
Published 30 Mar, 2011 12:00am
FBR sets special targets for anti-smuggling body

FBR sets special targets for anti-smuggling body

The Federal Board of Revenue (FBR) has assigned special targets of customs duty to the Anti Smuggling Organisation in each Model Customs Collectorate (MCC) to control illicit trade of cars and banned items with the help of law enforcement agencies.
Published 30 Mar, 2011 12:00am
FBR sets special targets for anti-smuggling body

FBR sets special targets for anti-smuggling body

The Federal Board of Revenue (FBR) has assigned special targets of customs duty to the Anti Smuggling Organisation in each Model Customs Collectorate (MCC) to control illicit trade of cars and banned items with the help of law enforcement agencies.
Published 30 Mar, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (March 29, 2011).

Published 30 Mar, 2011 12:00am
FBR sets special targets for anti-smuggling body

FBR sets special targets for anti-smuggling body

The Federal Board of Revenue (FBR) has assigned special targets of customs duty to the Anti Smuggling Organisation in each Model Customs Collectorate (MCC) to control illicit trade of cars and banned items with the help of law enforcement agencies.
Published 30 Mar, 2011 12:00am
Deal with Sabic: urea import operation completed

Deal with Sabic: urea import operation completed

Trading Corporation of Pakistan (TCP) has successfully completed the urea import operation for Rabi season as the last consignment of the commodity under the deal with SABIC has reached Gwadar Port. Sources told Business Recorder on Tuesday that tw
Published 30 Mar, 2011 12:00am
Deal with Sabic: urea import operation completed

Deal with Sabic: urea import operation completed

Trading Corporation of Pakistan (TCP) has successfully completed the urea import operation for Rabi season as the last consignment of the commodity under the deal with SABIC has reached Gwadar Port. Sources told Business Recorder on Tuesday that tw
Published 30 Mar, 2011 12:00am
Deal with Sabic: urea import operation completed

Deal with Sabic: urea import operation completed

Trading Corporation of Pakistan (TCP) has successfully completed the urea import operation for Rabi season as the last consignment of the commodity under the deal with SABIC has reached Gwadar Port. Sources told Business Recorder on Tuesday that tw
Published 30 Mar, 2011 12:00am
Bahrain's foreign minister calls on Zardari

Bahrain's foreign minister calls on Zardari

Bahrain's Foreign Minister Sheikh Khaled bin Ahmed al-Khalifa on Tuesday called on President Asif Ali Zardari at the Aiwan-e-Sadr. Ambassador of Bahrain to Pakistan Mohammad Ebrahim Mohammad Abdul Qadir also accompanied the foreign minister.
Published 30 Mar, 2011 12:00am
Syria cabinet resigns, Assad to address nation

Syria cabinet resigns, Assad to address nation

Syrian President Bashar al-Assad is to address the nation Wednesday in his first speech in two weeks of unprecedented dissent and one day after his cabinet resigned, a senior official said. "The president will address the country tomorrow Wednesday from p
Published 30 Mar, 2011 12:00am
Syria cabinet resigns, Assad to address nation

Syria cabinet resigns, Assad to address nation

Syrian President Bashar al-Assad is to address the nation Wednesday in his first speech in two weeks of unprecedented dissent and one day after his cabinet resigned, a senior official said. "The president will address the country tomorrow Wednesday from p
Published 30 Mar, 2011 12:00am
World powers raise pressure on Qadhafi to go

World powers raise pressure on Qadhafi to go

Britain and the United States stepped up pressure on Libyan leader Muammar Qadhafi to quit on Tuesday, and rebels fighting him promised to build a free, democratic state if they won power in Tripoli. British Prime Minister David Cameron, opening a confere
Published 30 Mar, 2011 12:00am
World powers raise pressure on Qadhafi to go

World powers raise pressure on Qadhafi to go

Britain and the United States stepped up pressure on Libyan leader Muammar Qadhafi to quit on Tuesday, and rebels fighting him promised to build a free, democratic state if they won power in Tripoli. British Prime Minister David Cameron, opening a confere
Published 30 Mar, 2011 12:00am
Index gains 128.37 points

Index gains 128.37 points

Fresh buying mainly by local investors on Tuesday supported the KSE-100 index to register healthy gain of 128.37 points to close at the level of 11,711.40 points. The market opened on strong positive note and the index hit 11,750.18 points intra-day high
Published 30 Mar, 2011 12:00am
Index gains 128.37 points

Index gains 128.37 points

Fresh buying mainly by local investors on Tuesday supported the KSE-100 index to register healthy gain of 128.37 points to close at the level of 11,711.40 points. The market opened on strong positive note and the index hit 11,750.18 points intra-day high
Published 30 Mar, 2011 12:00am
Index gains 128.37 points

Index gains 128.37 points

Fresh buying mainly by local investors on Tuesday supported the KSE-100 index to register healthy gain of 128.37 points to close at the level of 11,711.40 points. The market opened on strong positive note and the index hit 11,750.18 points intra-day high
Published 30 Mar, 2011 12:00am
BRIndex30 up by 118.82 points

BRIndex30 up by 118.82 points

On Tuesday, BRIndex30 opened at 8,647.73 and remained positive throughout the trading session. It touched an intraday high of 8,797.52 and an intraday low of 8,647.73 and closed at 8,766.55 which was 118.82 points or 1.37 percent higher than previous clos
Published 30 Mar, 2011 12:00am
BRIndex30 up by 118.82 points

BRIndex30 up by 118.82 points

On Tuesday, BRIndex30 opened at 8,647.73 and remained positive throughout the trading session. It touched an intraday high of 8,797.52 and an intraday low of 8,647.73 and closed at 8,766.55 which was 118.82 points or 1.37 percent higher than previous clos
Published 30 Mar, 2011 12:00am
Nepra reduces power tariff of distribution companies

Nepra reduces power tariff of distribution companies

National Electric Power Regulatory Authority (NEPRA) has reduced electricity tariff of distribution companies (Discos) by 9 paisa per unit in accordance with the monthly fuel adjustment formula. The decision was taken by the Authority in its meeting on Tu
Published 30 Mar, 2011 12:00am
Nepra reduces power tariff of distribution companies

Nepra reduces power tariff of distribution companies

National Electric Power Regulatory Authority (NEPRA) has reduced electricity tariff of distribution companies (Discos) by 9 paisa per unit in accordance with the monthly fuel adjustment formula. The decision was taken by the Authority in its meeting on Tu
Published 30 Mar, 2011 12:00am
Nepra reduces power tariff of distribution companies

Nepra reduces power tariff of distribution companies

National Electric Power Regulatory Authority (NEPRA) has reduced electricity tariff of distribution companies (Discos) by 9 paisa per unit in accordance with the monthly fuel adjustment formula. The decision was taken by the Authority in its meeting on Tu
Published 30 Mar, 2011 12:00am
OCAC warns of petroleum products shortage

OCAC warns of petroleum products shortage

The premier body of oil industry Oil Companies Advisory Committee (OCAC) has warned Prime Minister Yousuf Raza Gilani that any absorption of global oil price hike effective from April 1 may result in collapse of the oil sector leading to wide spread short
Published 30 Mar, 2011 12:00am
OCAC warns of petroleum products shortage

OCAC warns of petroleum products shortage

The premier body of oil industry Oil Companies Advisory Committee (OCAC) has warned Prime Minister Yousuf Raza Gilani that any absorption of global oil price hike effective from April 1 may result in collapse of the oil sector leading to wide spread short
Published 30 Mar, 2011 12:00am
OCAC warns of petroleum products shortage

OCAC warns of petroleum products shortage

The premier body of oil industry Oil Companies Advisory Committee (OCAC) has warned Prime Minister Yousuf Raza Gilani that any absorption of global oil price hike effective from April 1 may result in collapse of the oil sector leading to wide spread short
Published 30 Mar, 2011 12:00am
Mumbai attacks: Pakistan to entertain Indian Commission

Mumbai attacks: Pakistan to entertain Indian Commission

Pakistan and India on Tuesday agreed to establish a hotline between their Interior Secretaries and release of civilians and fishermen who have completed their sentence by April 15. According to joint statement issued at the end of the two-day talks in New
Published 30 Mar, 2011 12:00am
Mumbai attacks: Pakistan to entertain Indian Commission

Mumbai attacks: Pakistan to entertain Indian Commission

Pakistan and India on Tuesday agreed to establish a hotline between their Interior Secretaries and release of civilians and fishermen who have completed their sentence by April 15. According to joint statement issued at the end of the two-day talks in New
Published 30 Mar, 2011 12:00am
Armoured protected vehicles: concessional rates, duties to be announced

Armoured protected vehicles: concessional rates, duties to be announced

The federal government will announce concessional rates of duties and taxes on the import of armoured protected vehicles keeping in view the rising incidence of terrorist attacks targeting high profile personalities, including businessmen and politicians.
Published 30 Mar, 2011 12:00am
Armoured protected vehicles: concessional rates, duties to be announced

Armoured protected vehicles: concessional rates, duties to be announced

The federal government will announce concessional rates of duties and taxes on the import of armoured protected vehicles keeping in view the rising incidence of terrorist attacks targeting high profile personalities, including businessmen and politicians.
Published 30 Mar, 2011 12:00am
Armoured protected vehicles: concessional rates, duties to be announced

Armoured protected vehicles: concessional rates, duties to be announced

The federal government will announce concessional rates of duties and taxes on the import of armoured protected vehicles keeping in view the rising incidence of terrorist attacks targeting high profile personalities, including businessmen and politicians.
Published 30 Mar, 2011 12:00am
'13 soldiers killed in friendly fire incident'

'13 soldiers killed in friendly fire incident'

Thirteen members of the Frontier Corps, including a colonel, were killed in an apparent friendly fire incident in a north-western region infested with al Qaeda and Taliban-linked militants, a top military commander said on Tuesday. The deaths occurred lat
Published 30 Mar, 2011 12:00am
'13 soldiers killed in friendly fire incident'

'13 soldiers killed in friendly fire incident'

Thirteen members of the Frontier Corps, including a colonel, were killed in an apparent friendly fire incident in a north-western region infested with al Qaeda and Taliban-linked militants, a top military commander said on Tuesday. The deaths occurred lat
Published 30 Mar, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Mar, 2011 12:00am
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