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Archive - 2011-04-08
UN rejects 'starving out' Gbagbo
Top News

UN rejects 'starving out' Gbagbo

UNITED NATIONS: The United Nations will have nothing to do with any plan to starve out beseiged Ivory Coast strongman La
Published 08 Apr, 2011 10:04pm
24 Syrian protesters killed
Top News

24 Syrian protesters killed

DAMASCUS: At least 24 protesters were killed on Friday as anti-regime demonstrations and clashes with security forces ra
Published 08 Apr, 2011 08:28pm
IMF says Portugal has asked for bailout
Top News

IMF says Portugal has asked for bailout

WASHINGTON: The International Monetary Fund confirmed Friday that Portugal had asked for financial help to meet the coun
Published 08 Apr, 2011 08:21pm
Bing search takes to iPads
Industry

Bing search takes to iPads

SAN FRANCISCO: Microsoft has tailored a version of Internet search service Bing for Apple's hot-selling iPad tablet comp
Published 08 Apr, 2011 08:05pm
protesters call for Mubarak trial
Top News

protesters call for Mubarak trial

CAIRO: Tens of thousands of Egyptians massed in Cairo's Tahrir Square on Friday two months after president Hosni Mubarak
Published 08 Apr, 2011 07:53pm
Heavy fighting in Libyan town of Misrata
Top News

Heavy fighting in Libyan town of Misrata

MISRATA: Forces loyal to Libyan strongman Moamer Qadhafi were engaged in heavy fighting with rebels in the insurgent con
Published 08 Apr, 2011 07:24pm
Khurshid Shah calls on Sindh CM
Top News

Khurshid Shah calls on Sindh CM

KARACHI: Federal Minister for Labour and Religious Affairs, Syed Khurshid Ahmed Shah, called on Sindh Chief Minister, Sy
Published 08 Apr, 2011 05:14pm
European stocks close higher
Financial

European stocks close higher

LONDON: Europe's main stock markets closed higher on Friday, with London's FTSE 100 index of leading shares adding 0.81
Published 08 Apr, 2011 05:12pm
Israeli strikes kill six as Gaza seethes
Top News

Israeli strikes kill six as Gaza seethes

GAZA: Israeli air strikes in the Gaza Strip killed six Palestinian on Friday, in a second day of a fresh upsurge in the
Published 08 Apr, 2011 04:17pm
COAS chairs corps commanders meeting
Top News

COAS chairs corps commanders meeting

ISLAMABAD: The 137th Corps Commanders Conference was held at General Headquarters Friday which was chaired by Chief of A
Published 08 Apr, 2011 02:13pm
PM Gilani meets Nawaz Sharif
Pakistan

PM Gilani meets Nawaz Sharif

LONDON: Prime Minister Syed Yousaf Raza Gilani called on the PML-N Chief Nawaz Sharif at his Park Lane apartment on Frid
Published 08 Apr, 2011 12:36pm
Nato denies any stalemate in Libya
Top News

Nato denies any stalemate in Libya

BRUSSELS: Nato denied on Friday that the conflict in Libya had reached a stalemate, describing the battle between rebels
Published 08 Apr, 2011 10:21am
SHO, gunman wounded in blast
Top News

SHO, gunman wounded in blast

PESHAWAR: The SHO Shoba police station along with his gunman was injured in a powerful bomb explosion at Rehman colony i
Published 08 Apr, 2011 07:27am
White House spending talks yield no deal
Top News

White House spending talks yield no deal

WASHINGTON: High-stakes talks at the White House ended Thursday without a breakthrough deal to avert a government shutdo
Published 08 Apr, 2011 06:01am
CPI: Taking a nap
BR Research

CPI: Taking a nap

The cyclical upward movement in food inflation and the partial passing of the international oil price hike and its impact on other items pus
Published 08 Apr, 2011 12:00am
ADBs fiscal round-up
BR Research

ADBs fiscal round-up

The Asian Development Bank has reinforced what many economists in the country already feared: an impending economic fiasco, with fiscal prob
Published 08 Apr, 2011 12:00am
BoE keeps rates at record low

BoE keeps rates at record low

The Bank of England held interest rates at a record-low 0.5 percent on Thursday, opting to wait for clearer signs of recovery before following the European Central Bank in tightening policy. Although inflation in Britain is almost twice as high as in the
Published 08 Apr, 2011 12:00am
BoE keeps rates at record low

BoE keeps rates at record low

The Bank of England held interest rates at a record-low 0.5 percent on Thursday, opting to wait for clearer signs of recovery before following the European Central Bank in tightening policy. Although inflation in Britain is almost twice as high as in the
Published 08 Apr, 2011 12:00am
French trade deficit hits record in February

French trade deficit hits record in February

France's trade deficit hit a record in February as higher raw materials prices pushed up the cost of imports of chemicals and metals while exports of industrial goods lagged. The customs agency said on Thursday the deficit jumped to 6.553 billion euros ($
Published 08 Apr, 2011 12:00am
ECB hikes rates, ready to move again if necessary

ECB hikes rates, ready to move again if necessary

The European Central Bank raised interest rates for the first time since the 2008 financial crisis on Thursday and signalled it was ready to tighten policy further if needed to check rising prices. ECB President Jean-Claude Trichet used phrasing at a news
Published 08 Apr, 2011 12:00am
ECB hikes rates, ready to move again if necessary

ECB hikes rates, ready to move again if necessary

The European Central Bank raised interest rates for the first time since the 2008 financial crisis on Thursday and signalled it was ready to tighten policy further if needed to check rising prices. ECB President Jean-Claude Trichet used phrasing at a news
Published 08 Apr, 2011 12:00am
ECB hikes rates, ready to move again if necessary

ECB hikes rates, ready to move again if necessary

The European Central Bank raised interest rates for the first time since the 2008 financial crisis on Thursday and signalled it was ready to tighten policy further if needed to check rising prices. ECB President Jean-Claude Trichet used phrasing at a news
Published 08 Apr, 2011 12:00am
Eurozone core inflation subdued

Eurozone core inflation subdued

Domestically generated inflation in the eurozone is subdued, with the single currency bloc's recovery on track, but economic growth comparatively weak and unbalanced, the Europeann Commission said on Thursday In its quarterly report on the 17-nation euroz
Published 08 Apr, 2011 12:00am
Google in German solar investment

Google in German solar investment

Google Thursday announced a multi-million-euro (dollar) investment in a solar power plant outside Berlin in what the US Internet giant said was its first clean energy project investment in Europe. Google said it would plough 3.5 million euros ($5.0 millio
Published 08 Apr, 2011 12:00am
Airbus partner nations sign final deal for military plane

Airbus partner nations sign final deal for military plane

The seven Nato partner nations backing the Airbus A400M military transport plane on Thursday signed the final contract for the financing of the much-delayed project, Airbus said. Airbus Military's parent company EADS had threatened to pull the plug on Eur
Published 08 Apr, 2011 12:00am
BoJ holds fire but signals more easing ahead, sets quake loan scheme

BoJ holds fire but signals more easing ahead, sets quake loan scheme

The Bank of Japan on Thursday offered 1 trillion yen ($12 billion) in ultra-cheap loans to banks in areas devastated by last month's earthquake but held off on more aggressive policy easing, saying it needed more time to assess the extent of the economic
Published 08 Apr, 2011 12:00am
Regulator fines US brokers: in private placements

Regulator fines US brokers: in private placements

Two companies and seven brokers were fined by an industry regulatory group because they sold securities to investors from companies that were on the verge of collapse, officials said on Thursday. The sanctions involved private-placement sales of securitie
Published 08 Apr, 2011 12:00am
Global exports rise to record 14.5 percent

Global exports rise to record 14.5 percent

Exports jumped 14.5 percent last year the biggest rise recorded since 1950 as economies rebounded from the global downturn, the World Trade Organisation said Thursday. Cross-border trade is expected to recover further in 2011, the WTO said in its annual r
Published 08 Apr, 2011 12:00am
SEC imposes first fines solely over privacy rule

SEC imposes first fines solely over privacy rule

The US Securities and Exchange Commission for the first time fined individuals solely for violating a privacy rule designed to prevent confidential customer information from being sent to third parties without permission. The fines were imposed against th
Published 08 Apr, 2011 12:00am
Banks signing foreclosure deals with US regulators

Banks signing foreclosure deals with US regulators

Most of the 14 lenders involved in a probe over mortgage servicing abuses have signed agreements with US bank regulators to clean up how they deal with troubled borrowers, according to a source with knowledge of the agreements. Banking regulators still ha
Published 08 Apr, 2011 12:00am
Eurozone crisis shows debt dangers for UK: Osborne

Eurozone crisis shows debt dangers for UK: Osborne

Britain risks suffering a debt crisis like those seen in eurozone members Greece, Ireland and Portugal if it fails to cut a record peacetime budget deficit, UK finance minister George Osborne said on Thursday. Osborne cited the Portuguese crisis as ballas
Published 08 Apr, 2011 12:00am
Commerzbank to repay $20.3 billion state aid by June

Commerzbank to repay $20.3 billion state aid by June

Commerz-bank on Wednesday presented a plan to repay the majority of state aid by June. The plan is to pay back 14.3 billion euros ($20.3 billion) of the 16.2 billion euros in so-called silent participation, a form of non-voting capital injected by the Ger
Published 08 Apr, 2011 12:00am
Denmark raises rates in lock-step with ECB

Denmark raises rates in lock-step with ECB

Denmark's central bank raised its lending rate on Thursday by 25 basis points to 1.30 percent as expected after the European Central Bank lifted its main rate by the same amount to 1.25 percent. The central bank also raised its certificates of deposit (CD
Published 08 Apr, 2011 12:00am
Germany's coalition moves to back Portugal bailout

Germany's coalition moves to back Portugal bailout

Germany threw its weight behind Portugal's request for financial help from the European Union on Thursday with Chancellor Angela Merkel's conservatives and their sometimes eurosceptic allies looking likely to back such a deal. Finance Minister Wolfgang Sc
Published 08 Apr, 2011 12:00am
Insipid condition on cotton market

Insipid condition on cotton market

Despite New York Cotton Futures (ICE) prices having risen nearly 18 cents per pound since last Tuesday (May 2011 contract), local lint prices in Pakistan have remained listless despite there remaining hardly 200,000 domestic size bales of unsold cotton fr
Published 08 Apr, 2011 12:00am
Some deals at low rates seen on cotton market

Some deals at low rates seen on cotton market

Some deals were seen on the cotton market on Thursday as many buyers were reluctant to enter into fresh deals still hoping for decline in the rates, dealers said. Karachi Cotton Association (KCA) official spot rate was steady at Rs 12,500, they said.
Published 08 Apr, 2011 12:00am
Oil cake market rates

Oil cake market rates

Bearish trend was seen on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The May vaida that had closed at Rs 1327.80 opened with a fall of 30 paisa at Rs 1327.50. The July contract which closed at Rs 1420.70 also co
Published 08 Apr, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 134,337 tonnes of cargo including 89,301 tonnes of import cargo, 45,036 tonnes of export cargo and 3,316 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 89,301 tonnes comp
Published 08 Apr, 2011 12:00am
Rates mixed as activity improves on grain market

Rates mixed as activity improves on grain market

Trading activity improved on the grain market on Thursday as some needy buyers entered the arena to meet their urgent needs, dealers said. On the cereal side makai low type lost Rs 65 to Rs 2875 while the best type did not show any change due to balanced
Published 08 Apr, 2011 12:00am
Russia suspends grain sales amid falling prices

Russia suspends grain sales amid falling prices

The Russian government has suspended grain intervention sales until sometime next week as prices fall, which may prevent it from selling planned volumes and thus raise the country's exportable grain surplus. "The trade will restart next week," an Agricult
Published 08 Apr, 2011 12:00am
Anti-terrorism efforts: Islamabad rejects US assessment

Anti-terrorism efforts: Islamabad rejects US assessment

Pakistan on Thursday rejected a White House assessment that disparaged its efforts to formulate a sound counter terrorism strategy saying Islamabad should not be held accountable for failings in Afghanistan since its contribution to the war on terror was
Published 08 Apr, 2011 12:00am
Korean rice ship sinks near Bangladesh

Korean rice ship sinks near Bangladesh

A North Korean-flagged ship carrying some 13,500 tonnes of rice sank in the Bay of Bengal near Bangladesh's main Chittagong port after it collided with another merchant vessel, port officials said on Thursday. All 41 crew aboard the ship were rescued. The
Published 08 Apr, 2011 12:00am
Anti-terrorism efforts: Islamabad rejects US assessment

Anti-terrorism efforts: Islamabad rejects US assessment

Pakistan on Thursday rejected a White House assessment that disparaged its efforts to formulate a sound counter terrorism strategy saying Islamabad should not be held accountable for failings in Afghanistan since its contribution to the war on terror was
Published 08 Apr, 2011 12:00am
US Midwest corn mixed, soyabean firm

US Midwest corn mixed, soyabean firm

Cash corn basis bids were steady to mixed in the US Midwest interior on Wednesday and soyabean bids had a firm tone while producer sales of both commodities were light, dealers said. Corn movement slowed from earlier this week as corn futures paused after
Published 08 Apr, 2011 12:00am
Vice chancellors oppose devolution of HEC

Vice chancellors oppose devolution of HEC

Vice Chancellors of all the public and private universities across the country have opposed the devolution of Higher Education Commission (HEC) to the federating units under 18th amendment. A meeting of the VCs committee held here on Thursday, wherein VCs
Published 08 Apr, 2011 12:00am
HRW wheat bids steady

HRW wheat bids steady

Hard red winter wheat basis bids held steady Thursday in a still quiet market. Detrimental dryness continued to frustrate farmers worried about production potential for the new crop. USDA on Thursday said US export sales of wheat last week totalled a net
Published 08 Apr, 2011 12:00am
Vice chancellors oppose devolution of HEC

Vice chancellors oppose devolution of HEC

Vice Chancellors of all the public and private universities across the country have opposed the devolution of Higher Education Commission (HEC) to the federating units under 18th amendment. A meeting of the VCs committee held here on Thursday, wherein VCs
Published 08 Apr, 2011 12:00am
Indian prisoner released after 23 years

Indian prisoner released after 23 years

Pakistan released one of its longest-serving Indian prisoners on Thursday after more than 23 years behind bars, accepting a call for his freedom on humanitarian grounds, officials said. President Asif Ali Zardari ordered the release of Gopal Das late last
Published 08 Apr, 2011 12:00am
Indian prisoner released after 23 years

Indian prisoner released after 23 years

Pakistan released one of its longest-serving Indian prisoners on Thursday after more than 23 years behind bars, accepting a call for his freedom on humanitarian grounds, officials said. President Asif Ali Zardari ordered the release of Gopal Das late last
Published 08 Apr, 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 08 Apr, 2011 12:00am
Oil supplies dwindling, more costly: IMF

Oil supplies dwindling, more costly: IMF

The International Monetary Fund warned Thursday that nations should brace for dwindling oil supplies that could drive prices skyward as demand increases, especially in emerging-market economies. "The persistent increase in oil prices over the past decade
Published 08 Apr, 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 08 Apr, 2011 12:00am
Oil supplies dwindling, more costly: IMF

Oil supplies dwindling, more costly: IMF

The International Monetary Fund warned Thursday that nations should brace for dwindling oil supplies that could drive prices skyward as demand increases, especially in emerging-market economies. "The persistent increase in oil prices over the past decade
Published 08 Apr, 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 Thursday (April 07, 2011).

Published 08 Apr, 2011 12:00am
Oil supplies dwindling, more costly: IMF

Oil supplies dwindling, more costly: IMF

The International Monetary Fund warned Thursday that nations should brace for dwindling oil supplies that could drive prices skyward as demand increases, especially in emerging-market economies. "The persistent increase in oil prices over the past decade
Published 08 Apr, 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 Thursday (April 07, 2011).

Published 08 Apr, 2011 12:00am
World trade to carry crisis scars into 2012: WTO

World trade to carry crisis scars into 2012: WTO

World trade will carry the scars of the financial crisis into 2012, the World Trade Organisation said on Thursday, predicting 6.5 percent growth for this year, a rate much more modest than last. The forecast - for growth in trade of goods as measured by e
Published 08 Apr, 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 Thursday (April 07, 2011).

Published 08 Apr, 2011 12:00am
World trade to carry crisis scars into 2012: WTO

World trade to carry crisis scars into 2012: WTO

World trade will carry the scars of the financial crisis into 2012, the World Trade Organisation said on Thursday, predicting 6.5 percent growth for this year, a rate much more modest than last. The forecast - for growth in trade of goods as measured by e
Published 08 Apr, 2011 12:00am
World trade to carry crisis scars into 2012: WTO

World trade to carry crisis scars into 2012: WTO

World trade will carry the scars of the financial crisis into 2012, the World Trade Organisation said on Thursday, predicting 6.5 percent growth for this year, a rate much more modest than last. The forecast - for growth in trade of goods as measured by e
Published 08 Apr, 2011 12:00am
March food prices off record high

March food prices off record high

Global food prices came off record highs in March after unrest in the Arab world and Japan's earthquake, but new increases are in sight as demand grows and supplies tighten, the UN Food and Agriculture Organisation said. Rising food prices have climbed to
Published 08 Apr, 2011 12:00am
March food prices off record high

March food prices off record high

Global food prices came off record highs in March after unrest in the Arab world and Japan's earthquake, but new increases are in sight as demand grows and supplies tighten, the UN Food and Agriculture Organisation said. Rising food prices have climbed to
Published 08 Apr, 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 Thursday (April 07, 2011).

Published 08 Apr, 2011 12:00am
March food prices off record high

March food prices off record high

Global food prices came off record highs in March after unrest in the Arab world and Japan''s earthquake, but new increases are in sight as demand grows and supplies tighten, the UN Food and Agriculture Organisation said. Rising food prices have climbed t
Published 08 Apr, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (April 07, 2011).
Published 08 Apr, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (April 07, 2011).

Published 08 Apr, 2011 12:00am
Balochistan to earn only $5 billion profit in 56 years

Balochistan to earn only $5 billion profit in 56 years

A shocking disclosure reveals that Balochistan will receive a peanut $5 billion profit in 56 years from the world's third largest gold and copper reserves whereas Tethyan Copper Company Pakistan (TCCP) in its feasibility report submitted to Balochistan go
Published 08 Apr, 2011 12:00am
Balochistan to earn only $5 billion profit in 56 years

Balochistan to earn only $5 billion profit in 56 years

A shocking disclosure reveals that Balochistan will receive a peanut $5 billion profit in 56 years from the world's third largest gold and copper reserves whereas Tethyan Copper Company Pakistan (TCCP) in its feasibility report submitted to Balochistan go
Published 08 Apr, 2011 12:00am
Balochistan to earn only $5 billion profit in 56 years

Balochistan to earn only $5 billion profit in 56 years

A shocking disclosure reveals that Balochistan will receive a peanut $5 billion profit in 56 years from the world''s third largest gold and copper reserves whereas Tethyan Copper Company Pakistan (TCCP) in its feasibility report submitted to Balochistan g
Published 08 Apr, 2011 12:00am
Monopoly of powerful groups: OGDCL may scrap tenders for Uch-11, KPD

Monopoly of powerful groups: OGDCL may scrap tenders for Uch-11, KPD

Following the recommendations of National Assembly Standing Committee on Petroleum and Natural Resources, Oil and Gas Development Company Limited (OGDCL) may scrap the tenders for development projects such as Uch-11 and Kunner Pesakhi Deep (KPD).
Published 08 Apr, 2011 12:00am
Monopoly of powerful groups: OGDCL may scrap tenders for Uch-11, KPD

Monopoly of powerful groups: OGDCL may scrap tenders for Uch-11, KPD

Following the recommendations of National Assembly Standing Committee on Petroleum and Natural Resources, Oil and Gas Development Company Limited (OGDCL) may scrap the tenders for development projects such as Uch-11 and Kunner Pesakhi Deep (KPD).
Published 08 Apr, 2011 12:00am
Monopoly of powerful groups: OGDCL may scrap tenders for Uch-11, KPD

Monopoly of powerful groups: OGDCL may scrap tenders for Uch-11, KPD

Following the recommendations of National Assembly Standing Committee on Petroleum and Natural Resources, Oil and Gas Development Company Limited (OGDCL) may scrap the tenders for development projects such as Uch-11 and Kunner Pesakhi Deep (KPD).
Published 08 Apr, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (April 07, 2011).

Published 08 Apr, 2011 12:00am
CDWP approves projects worth Rs 236 billion

CDWP approves projects worth Rs 236 billion

The CDWP on Thursday considered 64 projects costing Rs 236 billion including foreign aid of Rs 107 billion. Of the 64 projects, 37 projects relating to infrastructure sector costing Rs 187 billion, 19 in social sector costing Rs 44 billion and 8 costing R
Published 08 Apr, 2011 12:00am
CDWP approves projects worth Rs 236 billion

CDWP approves projects worth Rs 236 billion

The CDWP on Thursday considered 64 projects costing Rs 236 billion including foreign aid of Rs 107 billion. Of the 64 projects, 37 projects relating to infrastructure sector costing Rs 187 billion, 19 in social sector costing Rs 44 billion and 8 costing R
Published 08 Apr, 2011 12:00am
CDWP approves projects worth Rs 236 billion

CDWP approves projects worth Rs 236 billion

The CDWP on Thursday considered 64 projects costing Rs 236 billion including foreign aid of Rs 107 billion. Of the 64 projects, 37 projects relating to infrastructure sector costing Rs 187 billion, 19 in social sector costing Rs 44 billion and 8 costing R
Published 08 Apr, 2011 12:00am
Index sheds 84.34 points

Index sheds 84.34 points

The KSE-100 index on Thursday lost 84.34 points and closed at the level of 11,848.84 points with low volumes. The market opened on positive note and the index hit 11,952.72 points intra-day high level, up 19.34 points. However, later the investors opted f
Published 08 Apr, 2011 12:00am
Index sheds 84.34 points

Index sheds 84.34 points

The KSE-100 index on Thursday lost 84.34 points and closed at the level of 11,848.84 points with low volumes. The market opened on positive note and the index hit 11,952.72 points intra-day high level, up 19.34 points. However, later the investors opted f
Published 08 Apr, 2011 12:00am
Index sheds 84.34 points

Index sheds 84.34 points

The KSE-100 index on Thursday lost 84.34 points and closed at the level of 11,848.84 points with low volumes. The market opened on positive note and the index hit 11,952.72 points intra-day high level, up 19.34 points. However, later the investors opted f
Published 08 Apr, 2011 12:00am
BRIndex30 down 53 points

BRIndex30 down 53 points

On Thursday, BRIndex30 opened at 8,866.40 points. It touched an intraday high of 8,880.10 points and an intraday low of 8,808.59 points and closed at 8,813.40 points, which was -53.00 points or -0.6 percent lower than previous close. Total volume was 33,9
Published 08 Apr, 2011 12:00am
BRIndex30 down 53 points

BRIndex30 down 53 points

On Thursday, BRIndex30 opened at 8,866.40 points. It touched an intraday high of 8,880.10 points and an intraday low of 8,808.59 points and closed at 8,813.40 points, which was -53.00 points or -0.6 percent lower than previous close. Total volume was 33,9
Published 08 Apr, 2011 12:00am
Award of DWCT contract to KICT: exporters fear colossal losses

Award of DWCT contract to KICT: exporters fear colossal losses

Pakistan's exports would be badly hampered as timely connections to the mainline vessels may not be available from Deep Water Container Terminal (DWCT) at Karachi Groyne Yard after its completion. Exporters fear colossal losses as the development of DWCT
Published 08 Apr, 2011 12:00am
Award of DWCT contract to KICT: exporters fear colossal losses

Award of DWCT contract to KICT: exporters fear colossal losses

Pakistan's exports would be badly hampered as timely connections to the mainline vessels may not be available from Deep Water Container Terminal (DWCT) at Karachi Groyne Yard after its completion. Exporters fear colossal losses as the development of DWCT
Published 08 Apr, 2011 12:00am
Award of DWCT contract to KICT: exporters fear colossal losses

Award of DWCT contract to KICT: exporters fear colossal losses

Pakistan''s exports would be badly hampered as timely connections to the mainline vessels may not be available from Deep Water Container Terminal (DWCT) at Karachi Groyne Yard after its completion. Exporters fear colossal losses as the development of DWCT
Published 08 Apr, 2011 12:00am
Fiscal deficit may soar to six percent

Fiscal deficit may soar to six percent

The fiscal deficit may go to 6 percent of the GDP for the current fiscal year due to expected shortfall in revenue collection of the Federal Board of Revenue and possible failure by provinces to give 0.7 percent surplus budget, it is learnt.
Published 08 Apr, 2011 12:00am
Fiscal deficit may soar to six percent

Fiscal deficit may soar to six percent

The fiscal deficit may go to 6 percent of the GDP for the current fiscal year due to expected shortfall in revenue collection of the Federal Board of Revenue and possible failure by provinces to give 0.7 percent surplus budget, it is learnt.
Published 08 Apr, 2011 12:00am
Fiscal deficit may soar to six percent

Fiscal deficit may soar to six percent

The fiscal deficit may go to 6 percent of the GDP for the current fiscal year due to expected shortfall in revenue collection of the Federal Board of Revenue and possible failure by provinces to give 0.7 percent surplus budget, it is learnt.
Published 08 Apr, 2011 12:00am
Sukkur Barrage: Chinese company to install 120 megawatts power plant

Sukkur Barrage: Chinese company to install 120 megawatts power plant

Chinese Company Three Gorges Project Corporation (CTGPC) will construct a power plant of 120MW at Sukkur Barrage besides investment in Thar Coal and wind and solar energy projects. Sindh government and CTGPC formally signed a letter of Intent (LoI) in thi
Published 08 Apr, 2011 12:00am
Sukkur Barrage: Chinese company to install 120 megawatts power plant

Sukkur Barrage: Chinese company to install 120 megawatts power plant

Chinese Company Three Gorges Project Corporation (CTGPC) will construct a power plant of 120MW at Sukkur Barrage besides investment in Thar Coal and wind and solar energy projects. Sindh government and CTGPC formally signed a letter of Intent (LoI) in thi
Published 08 Apr, 2011 12:00am
Sukkur Barrage: Chinese company to install 120 megawatts power plant

Sukkur Barrage: Chinese company to install 120 megawatts power plant

Chinese Company Three Gorges Project Corporation (CTGPC) will construct a power plant of 120MW at Sukkur Barrage besides investment in Thar Coal and wind and solar energy projects. Sindh government and CTGPC formally signed a letter of Intent (LoI) in thi
Published 08 Apr, 2011 12:00am
Pakistan desires peace and stability in Middle East: Zardari

Pakistan desires peace and stability in Middle East: Zardari

President Asif Ali Zardari said on Thursday that Pakistan desired peace, security and stability in Middle East and added that any violent move to destabilise the system would be harmful for the regional peace and stability. The President was talking to Sh
Published 08 Apr, 2011 12:00am
Pakistan desires peace and stability in Middle East: Zardari

Pakistan desires peace and stability in Middle East: Zardari

President Asif Ali Zardari said on Thursday that Pakistan desired peace, security and stability in Middle East and added that any violent move to destabilise the system would be harmful for the regional peace and stability. The President was talking to Sh
Published 08 Apr, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) where equities moved both the ways and finally ended in negative zone amid decreased trading turnover, due to lacking interest on the part of investors. The LSE-25 index lost 13.13 points to cl
Published 08 Apr, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) where equities moved both the ways and finally ended in negative zone amid decreased trading turnover, due to lacking interest on the part of investors. The LSE-25 index lost 13.13 points to cl
Published 08 Apr, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 24.36 points, as the Index moved from 2584.63 to 2560.27 points. T
Published 08 Apr, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 24.36 points, as the Index moved from 2584.63 to 2560.27 points. T
Published 08 Apr, 2011 12:00am
Suicide blast kills cop, injures DIG

Suicide blast kills cop, injures DIG

One Policeman was killed while nine people including Deputy Inspector General (Investigation) Quetta Police were injured in a suicide explosion, targeting the residence of the senior police official here on Thursday.
Published 08 Apr, 2011 12:00am
Suicide blast kills cop, injures DIG

Suicide blast kills cop, injures DIG

One Policeman was killed while nine people including Deputy Inspector General (Investigation) Quetta Police were injured in a suicide explosion, targeting the residence of the senior police official here on Thursday.
Published 08 Apr, 2011 12:00am
Clashes kill 50 militants

Clashes kill 50 militants

At least 50 alleged Taliban militants were killed Wednesday in clashes with the security forces in troubled north-western tribal areas, security officials said. The fighting occurred in Safi and Baizai areas of Mohmand district along the Afghan border, wh
Published 08 Apr, 2011 12:00am
Clashes kill 50 militants

Clashes kill 50 militants

At least 50 alleged Taliban militants were killed Wednesday in clashes with the security forces in troubled north-western tribal areas, security officials said. The fighting occurred in Safi and Baizai areas of Mohmand district along the Afghan border, wh
Published 08 Apr, 2011 12:00am
Obituary

Obituary

Begum Tayyaba Jafri, widow of late S.S. Jafri and mother-in-law of former Sindh governor Barrister Kamal Azfar died on Thursday night. Funeral will leave the residence of Kamal Azfar at 26th Street Clifton for Abdullah Shah Ghazi Shrine Graveyard where sh
Published 08 Apr, 2011 12:00am
Obituary

Obituary

Begum Tayyaba Jafri, widow of late S.S. Jafri and mother-in-law of former Sindh governor Barrister Kamal Azfar died on Thursday night. Funeral will leave the residence of Kamal Azfar at 26th Street Clifton for Abdullah Shah Ghazi Shrine Graveyard where sh
Published 08 Apr, 2011 12:00am
KSE board takes some key decisions

KSE board takes some key decisions

The board of directors of Karachi Stock Exchange (KSE) has taken some key decisions in its meeting held here on Wednesday. The board decided that the implementation of RSA Token Project by the members be allowed voluntarily till April 30, 2011. It was als
Published 08 Apr, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Apr, 2011 12:00am
KSE board takes some key decisions

KSE board takes some key decisions

The board of directors of Karachi Stock Exchange (KSE) has taken some key decisions in its meeting held here on Wednesday. The board decided that the implementation of RSA Token Project by the members be allowed voluntarily till April 30, 2011. It was als
Published 08 Apr, 2011 12:00am
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