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Archive - 2011-04-16
Gold touches record high
Markets

Gold touches record high

KARACHI: Gold jumped by Rs 171 to reach record high at Rs 40,028 per 10 grams in local bullion market Saturday, as its i
Published 16 Apr, 2011 08:10pm
Four Iranians hanged in public
Asia

Four Iranians hanged in public

TEHRAN: Four Iranian men were hanged in public on Saturday in the southern province of Fars for armed robbery, kidnapp
Published 16 Apr, 2011 03:55pm
Medvedev seeks Hong Kong expertise
Asia

Medvedev seeks Hong Kong expertise

HONG KONG: Russian President Dmitry Medvedev arrived in Hong Kong Saturday on the first visit by a Kremlin chief to the
Published 16 Apr, 2011 03:41pm
IMF, World Bank speak of Arab Spring
Top News

IMF, World Bank speak of Arab Spring

WASHINGTON: The International Monetary Fund and the World Bank hold talks Saturday about aid to Arab countries whose eco
Published 16 Apr, 2011 03:14pm
South Korea, US trade deal
Asia

South Korea, US trade deal

SEOUL: U.S. Secretary of State Hillary Clinton flew to South Korea on Saturday to consult Seoul about progress made in s
Published 16 Apr, 2011 12:16pm
Nigerian Ex-governor in UK court
Africa

Nigerian Ex-governor in UK court

LONDON: A senior politician in Nigeria's ruling party appeared in a British court on Saturday accused of corruption c
Published 16 Apr, 2011 11:47am
22 Indian fishermen arrested
Top News

22 Indian fishermen arrested

KARACHI: At least 22 Indian fishermen with 7 boats were arrested by Maritime Security Agency (MSA) here on midnight betw
Published 16 Apr, 2011 11:28am
Ivory Coast life begins to recover
Top News

Ivory Coast life begins to recover

ABIDJAN: Ivory Coast's slow recovery after four months of bloodshed gained pace on Saturday as Alassane Ouattara's victo
Published 16 Apr, 2011 04:30am
Bellwether poll for Malaysia opens
Asia

Bellwether poll for Malaysia opens

KUALA LUMPUR: Polls opened Saturday in Malaysia's resource rich Sarawak state as voters began choosing their candidates
Published 16 Apr, 2011 04:17am
BSE Sensex posts first weekly decline in four weeks

BSE Sensex posts first weekly decline in four weeks

Indian shares posted their first weekly fall in four and shed 1.6 percent on Friday, dragged by Infosys Technologies which shed the most in nearly two years on disappointing results and outlook, marking a poor start to the earnings season. Sentiment was f
Published 16 Apr, 2011 12:00am
Seoul shares flat

Seoul shares flat

Seoul shares were little changed on Friday, with investors trimming positions following recent gains that saw the market rise to a fresh historical closing high. Auto shares recovered from early losses, with Kia Motors extending a rally on expectations fo
Published 16 Apr, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasuries are likely to take their direction from inflation data released early on Friday, though increasing concerns about the strength of US economic growth may keep yields under their recent highs. Bonds ended weaker on Thursday after gaining in mo
Published 16 Apr, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasuries are likely to take their direction from inflation data released early on Friday, though increasing concerns about the strength of US economic growth may keep yields under their recent highs. Bonds ended weaker on Thursday after gaining in mo
Published 16 Apr, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks ended down 0.96 percent on Friday, dragged by recent transportation and cement gainers, but TPK Holding Co Ltd led other Apple Inc -related counters higher. Touch panel maker TPK advanced 4.3 percent on news it had priced its $400 million Eu
Published 16 Apr, 2011 12:00am
Dow, S&P inch up

Dow, S&P inch up

Stocks that outperform in a weak economy helped the Dow and S&P 500 eke out gains on Thursday as concerns about faltering growth and inflation prompted investors to seek out less volatile names. The Dow industrials' top percentage gainers were Coca-Cola C
Published 16 Apr, 2011 12:00am
Friday's midday trade: Dow, S&P rise on data

Friday's midday trade: Dow, S&P rise on data

The Dow and S&P rose on Friday as encouraging economic indicators offset disappointing results from Bank of America Corp, though weakness in Google Inc kept the Nasdaq's advance in check. A government report showed underlying inflation pressures remained
Published 16 Apr, 2011 12:00am
Nikkei average falls

Nikkei average falls

Japan's Nikkei stock average fell in thin trade on Friday, with chip stocks leading losses after ratings downgrades. Disappointing US jobs data, concerns of further Chinese tightening, and the re-emergence of Europe's debt woes have also weakened sentimen
Published 16 Apr, 2011 12:00am
Australian shares at two-week low

Australian shares at two-week low

Australian stocks fell 0.7 percent on Friday to their lowest close in two weeks, snapping a three-week winning streak as investors paused for breath amid expectation for tightening in China after higher-than-expected inflation. China is Australia's top tr
Published 16 Apr, 2011 12:00am
South East Asian markets: Jakarta gains on foreign inflows

South East Asian markets: Jakarta gains on foreign inflows

Indonesian stocks rose on Friday, led by financials, while worries about further policy tightening in China weighed on shares in Singapore and North Asia. Indonesia's main benchmark index ended 0.6 percent, buoyed by a spate of late buying and $9.3 millio
Published 16 Apr, 2011 12:00am
Nestle boosted by emerging markets and price hikes

Nestle boosted by emerging markets and price hikes

Nestle, the world's largest food group, said strong emerging market growth and price rises helped to drive better than expected first-quarter underlying sales growth despite a sharp rise in commodity costs. The Swiss-based giant is, along with other food
Published 16 Apr, 2011 12:00am
Britain to ban export of execution drugs to US

Britain to ban export of execution drugs to US

Britain said on Friday it would ban the export to the United States of three drugs used to carry out lethal injections and called on other European Union countries to follow suit. The British government said it was putting additional export controls on th
Published 16 Apr, 2011 12:00am
US exports to Russia to rise on WTO entry

US exports to Russia to rise on WTO entry

US goods exports to Russia could double to $19 billion after Russia joins the World Trade Organisation, according to a draft report urging the US Congress to permanently normalise trade with the former Cold War enemy.
Published 16 Apr, 2011 12:00am
Demand for long-term US assets slips

Demand for long-term US assets slips

Overseas demand for long-term US securities faded in February, US Treasury data showed on Friday, and some large foreign US creditors trimmed holdings of US government bonds for a fourth straight month. The data highlights market worries about US finances
Published 16 Apr, 2011 12:00am
Demand for long-term US assets slips

Demand for long-term US assets slips

Overseas demand for long-term US securities faded in February, US Treasury data showed on Friday, and some large foreign US creditors trimmed holdings of US government bonds for a fourth straight month. The data highlights market worries about US finances
Published 16 Apr, 2011 12:00am
US core inflation ticks up, may support Fed stance

US core inflation ticks up, may support Fed stance

Rising food and gasoline costs lifted US consumer prices overall in March, but underlying inflation pressures were contained and consumers grew more confident about the economy in early April. Although consumers remained concerned about higher energy and
Published 16 Apr, 2011 12:00am
BofA profit drops

BofA profit drops

Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business. The largest US bank lost more than $2.39 billion in its home loan business as revenue fell a
Published 16 Apr, 2011 12:00am
BofA profit drops

BofA profit drops

Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business. The largest US bank lost more than $2.39 billion in its home loan business as revenue fell a
Published 16 Apr, 2011 12:00am
US banks to settle on financial crisis penalties

US banks to settle on financial crisis penalties

Several major US banks are close to an agreement with the Wall Street regulator to settle fraud allegations related to the "toxic" mortgages behind the 2008 financial crisis, a report said Friday. An initial agreement with the Securities and Exchange Comm
Published 16 Apr, 2011 12:00am
Fed fines Venezuelan state-owned bank

Fed fines Venezuelan state-owned bank

The Federal Reserve announced sanctions against a Venezuelan state-owned bank on Friday, imposing fines and telling the bank to clean up its act. The Fed imposed fines totalling $1.8 million against the Banco Industrial de Venezuela for allegedly "reckles
Published 16 Apr, 2011 12:00am
Chinese firms dominate Iran oil exposition

Chinese firms dominate Iran oil exposition

Chinese companies, widely present in Iran thanks to the vaccum created by the departure of Western firms, dominated the Iranian oil, gas and petrochmemical exhibition that began Friday, an AFP reporter said. "This year, 166 Chinese companies are present a
Published 16 Apr, 2011 12:00am
Moody's cuts Ireland by two notches

Moody's cuts Ireland by two notches

Moody's cut Ireland's sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the eurozone's weaker countries. The move sent Ireland's borrowing costs
Published 16 Apr, 2011 12:00am
Moody's cuts Ireland by two notches

Moody's cuts Ireland by two notches

Moody's cut Ireland's sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the eurozone's weaker countries. The move sent Ireland's borrowing costs
Published 16 Apr, 2011 12:00am
China posts fiscal surplus of $124 billion

China posts fiscal surplus of $124 billion

China reported a fiscal surplus of 807 billion yuan ($124 billion) in the first quarter of 2011 as brisk economic growth and rising prices drove up government revenues, the Ministry of Finance said on Friday. That surplus amounted to 8.4 percent of China'
Published 16 Apr, 2011 12:00am
Australian sues IBM bullying

Australian sues IBM bullying

Australian lawyers on Friday filed a Aus$1.1 million harassment suit against computing giant IBM on behalf of a former employee who alleges she was so seriously bullied she twice attempted suicide. The woman, a former senior sales consultant with the US-b
Published 16 Apr, 2011 12:00am
Asia, Europe data point to mounting inflation risks

Asia, Europe data point to mounting inflation risks

China and India reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy. Consumer prices in the eurozone also picked up
Published 16 Apr, 2011 12:00am
Chemical items mixed on Jodia Bazar

Chemical items mixed on Jodia Bazar

The trading in chemical items closed mixed on Jodia Bazar here on Friday. The following changes were noted.
Published 16 Apr, 2011 12:00am
Prices unchanged on grain market

Prices unchanged on grain market

Prices were unchanged on the wholesale grain and seed market on Friday as leading participants were sidelined as they were busy in preparations for Juma prayers, grain and seed merchants' release said.
Published 16 Apr, 2011 12:00am
Brazil's cocoa arrivals slow

Brazil's cocoa arrivals slow

Deliveries of cocoa to warehouses in Brazil's main growing regions were slow in the last week, data from Bahia Commercial Association showed, but will pick up again in May once the mid-crop harvest starts. Total Brazilian cocoa arrivals, including imports
Published 16 Apr, 2011 12:00am
Trade slows down due to uncertainty on cotton market

Trade slows down due to uncertainty on cotton market

Business activity came down on the cotton market on Friday as mills are still reluctant buyer due to financial crunch, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 12,000, they said. In Sindh and Punjab phutti pric
Published 16 Apr, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 94,661 tonnes of cargo including 42,100 tonnes of import cargo, 52,561 tonnes of export cargo and 3,399 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 42,100 tonnes comprise
Published 16 Apr, 2011 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat basis bids were mostly steady on Friday as mostly dry weather and high winds crippled the planted crop's growth. The winter wheat crop in portions of western Oklahoma have already been declared a disaster, a wheat merchant said. "Thi
Published 16 Apr, 2011 12:00am
Corn, soya export premiums steady

Corn, soya export premiums steady

Corn and soyabean export premiums at the US Gulf Coast were about steady on Thursday, while FOB basis offers for hard red winter wheat were steady to firm, traders said. Corn demand was moderate despite prices near historic highs. Export sales topped fore
Published 16 Apr, 2011 12:00am
India's rice, soyabean areas seen receiving good rains

India's rice, soyabean areas seen receiving good rains

Rice and soyabean growing areas of southern and central India could receive above-normal to normal monsoon rains in 2011, sources attending a global weather meeting said on Friday, but cane and corn growing areas could see below-normal rainfall.
Published 16 Apr, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures mostly dipped on Thursday, weighed down by weaker soyabean futures followed by technical selling, traders said. Funds sold nearby May with the key contract below most moving averages - trader. Concerns about wet planting condit
Published 16 Apr, 2011 12:00am
Message from Minister for Textile Industry, Government of Pakistan

Message from Minister for Textile Industry, Government of Pakistan

It is an immense pleasure for me to present the 8th International Textile Asia 2011 Exhibition, the official Textile & Garment Machinery Show of the Ministry of Textile Industry. Textile sector contributes heavily to our economy by earning foreign exchang
Published 16 Apr, 2011 12:00am
Message from Federal Advisor on Textile

Message from Federal Advisor on Textile

It is an immense pleasure for me to be at the 8th International Textile Asia 2011 Exhibition, the official Textile & Garment Machinery Show of the Ministry of Textile Industry. Textile sector is the backbone of our economy and holds great importance as it
Published 16 Apr, 2011 12:00am
Message from President, TEXMAP

Message from President, TEXMAP

Once again TEXTILE ASIA is organising its 8th international Textile and Garment Machinery Exhibition. These Exhibitions are very important as it brings to our door steps, the latest technology being developed world wide. On behalf of TEXMAP I would like t
Published 16 Apr, 2011 12:00am
Message from President, Ecommerce Gateway Pakistan (Pvt) Limited

Message from President, Ecommerce Gateway Pakistan (Pvt) Limited

Ecommerce Gateway Pakistan proudly announces the 8th Textile Asia 2011, Int'l Textile & Garment Machinery Show, which has proved itself as the most promising and enduring Event to be held for the 8th successive year at the Karachi Expo Centre. The exhibit
Published 16 Apr, 2011 12:00am
Textile Asia - one small step led to one giant leap

Textile Asia - one small step led to one giant leap

Innovation is the key to the future; Invention the key to success; this thought process led and boosted Ecommerce Gateway to manage and conduct a mega Event like Textile Asia realising that the essential element in the measure of success lies with the fir
Published 16 Apr, 2011 12:00am
Spymasters summit fails to resolve Pak-US row

Spymasters summit fails to resolve Pak-US row

A summit of spymasters this week eased tensions but failed to resolve issues over US drones and espionage that have imperilled the vital relationship between the CIA and Pakistan's main intelligence agency. The United States and Pakistan have an uneasy al
Published 16 Apr, 2011 12:00am
Forte Pakistan (Pvt) Limited

Forte Pakistan (Pvt) Limited

Forte Pakistan (Pvt) Ltd has been doing business in Pakistan since 1977, which shows our commitment to the development of Pakistan's industry. We are leaders in the Supply, Installation & Maintenance of Power Generation Systems. We have extensive experien
Published 16 Apr, 2011 12:00am
Spymasters summit fails to resolve Pak-US row

Spymasters summit fails to resolve Pak-US row

A summit of spymasters this week eased tensions but failed to resolve issues over US drones and espionage that have imperilled the vital relationship between the CIA and Pakistan's main intelligence agency. The United States and Pakistan have an uneasy al
Published 16 Apr, 2011 12:00am
Clothing, Fabrics & Textile Asia 2012 launched

Clothing, Fabrics & Textile Asia 2012 launched

The industry's boosting feedback and a high level of interest from manufacturers & exporters gave way to a bright opportunity for the origination of an event focused on extensive and latest selection of fabrics and materials of textile industry.
Published 16 Apr, 2011 12:00am
G20 agrees plan to detect danger spots

G20 agrees plan to detect danger spots

Finance chiefs from the world's big economies agreed on Friday on a plan for identifying countries whose policies could put the global economy at risk if left unchecked, Group of 20 sources said. Under the agreement, data on debt, borrowing and trade bala
Published 16 Apr, 2011 12:00am
G20 agrees plan to detect danger spots

G20 agrees plan to detect danger spots

Finance chiefs from the world's big economies agreed on Friday on a plan for identifying countries whose policies could put the global economy at risk if left unchecked, Group of 20 sources said. Under the agreement, data on debt, borrowing and trade bala
Published 16 Apr, 2011 12:00am
G20 agrees plan to detect danger spots

G20 agrees plan to detect danger spots

Finance chiefs from the world''s big economies agreed on Friday on a plan for identifying countries whose policies could put the global economy at risk if left unchecked, Group of 20 sources said. Under the agreement, data on debt, borrowing and trade bal
Published 16 Apr, 2011 12:00am
A crisis that was avoidable

A crisis that was avoidable

The young doctors Association finally called off its 36 days old strike after a meeting of its representatives with the Chief Minister Punjab on 8th April, who has constituted a six member committee mandated to look into the demands of the doctors regardi
Published 16 Apr, 2011 12:00am
Iran says oil price 'logical', 'good for us'

Iran says oil price 'logical', 'good for us'

Iran's oil minister said on Friday there was no reason to consider global crude prices too high and described the oil market, which has been boosted by unrest in the Middle East, as "not extraordinary". "The price depends on the oil market ...If you consi
Published 16 Apr, 2011 12:00am
Visionary leadership

Visionary leadership

Imagine if leadership was thrust upon such a person. The quest for a visionary leader is as old as mankind. Whenever a journey needs to be undertaken, the ship will need a captain. It does not matter what the adventure, be it a small family affair or the
Published 16 Apr, 2011 12:00am
Iran says oil price 'logical', 'good for us'

Iran says oil price 'logical', 'good for us'

Iran's oil minister said on Friday there was no reason to consider global crude prices too high and described the oil market, which has been boosted by unrest in the Middle East, as "not extraordinary". "The price depends on the oil market ...If you consi
Published 16 Apr, 2011 12:00am
KARACHI CHRONICLE: Housing census headaches

KARACHI CHRONICLE: Housing census headaches

The attitude of politicians to the 2011 census in Sindh is as if the sole purpose of the census is to enumerate the voters for the local and general elections. They would like to see more of their own supporters counted and less of their rival's. In Karac
Published 16 Apr, 2011 12:00am
Iran says oil price ''logical'', ''good for us''

Iran says oil price ''logical'', ''good for us''

Iran''s oil minister said on Friday there was no reason to consider global crude prices too high and described the oil market, which has been boosted by unrest in the Middle East, as "not extraordinary". "The price depends on the oil market ...If you cons
Published 16 Apr, 2011 12:00am
LITERARY NOTES: Revisioning Iqbal

LITERARY NOTES: Revisioning Iqbal

A book on Iqbal entitled "Revisioning Iqbal" as a poet and Muslim political thinker reflects that the Heidelberg's interest in Iqbal has not abated. Even though the book doesn't do justice to the title of the book but some of the articles by Western contr
Published 16 Apr, 2011 12:00am
Index gains 31.69 points

Index gains 31.69 points

Late buying on dips supported the KSE-100 index on Friday to close in positive at 11,684.23 points with a gain of 31.69 points with low volume. After positive opening, the market remained under pressure as the investors opted for selling. This forced the
Published 16 Apr, 2011 12:00am
ART FACTS: Imagination and realities

ART FACTS: Imagination and realities

Water clouds, rain, river, flood, deserts, drought all these elements appears symbolically in Aqeel Solangi's artworks at Koel Art Gallery, Karachi confronting the hardships faced by the humans at the hands of nature. These all are natures' gifts and curs
Published 16 Apr, 2011 12:00am
Index gains 31.69 points

Index gains 31.69 points

Late buying on dips supported the KSE-100 index on Friday to close in positive at 11,684.23 points with a gain of 31.69 points with low volume. After positive opening, the market remained under pressure as the investors opted for selling. This forced the
Published 16 Apr, 2011 12:00am
BRIDGE NOTES: Defense - right or wrong

BRIDGE NOTES: Defense - right or wrong

How much the game of bridge depends upon good Defense and can be judged from the close results that come about when two equally matched teams play in a World Championship match in which a similar contract bid on both sides, one side goes on to make it whi
Published 16 Apr, 2011 12:00am
Index gains 31.69 points

Index gains 31.69 points

Late buying on dips supported the KSE-100 index on Friday to close in positive at 11,684.23 points with a gain of 31.69 points with low volume. After positive opening, the market remained under pressure as the investors opted for selling. This forced the
Published 16 Apr, 2011 12:00am
BRIndex30 up 70.04 points

BRIndex30 up 70.04 points

On Friday, the BRIndex30 opened at 8,646.86 points. It touched the intra-day high of 8,743.09 points and low of 8,610.13 points and closed at 8,716.90 points with a net positive change of 70.04 points, or 0.81 percent higher than previous close. The volum
Published 16 Apr, 2011 12:00am
BRIndex30 up 70.04 points

BRIndex30 up 70.04 points

On Friday, the BRIndex30 opened at 8,646.86 points. It touched the intra-day high of 8,743.09 points and low of 8,610.13 points and closed at 8,716.90 points with a net positive change of 70.04 points, or 0.81 percent higher than previous close. The volum
Published 16 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 16 Apr, 2011 12:00am
Inflation may soar beyond 16.5 percent during fiscal year 2011: survey

Inflation may soar beyond 16.5 percent during fiscal year 2011: survey

Inflation is expected to go beyond 16.5 percent for the current fiscal year, against the budgetary estimate of 9.5 percent, due to supply problems and monetisation of fiscal deficit. 'Inflation Expectation Survey, conducted by the Pakistan Institute of De
Published 16 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 16 Apr, 2011 12:00am
Inflation may soar beyond 16.5 percent during fiscal year 2011: survey

Inflation may soar beyond 16.5 percent during fiscal year 2011: survey

Inflation is expected to go beyond 16.5 percent for the current fiscal year, against the budgetary estimate of 9.5 percent, due to supply problems and monetisation of fiscal deficit. 'Inflation Expectation Survey, conducted by the Pakistan Institute of De
Published 16 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 Friday (April 15, 2011).

Published 16 Apr, 2011 12:00am
Inflation may soar beyond 16.5 percent during fiscal year 2011: survey

Inflation may soar beyond 16.5 percent during fiscal year 2011: survey

Inflation is expected to go beyond 16.5 percent for the current fiscal year, against the budgetary estimate of 9.5 percent, due to supply problems and monetisation of fiscal deficit. ''Inflation Expectation Survey, conducted by the Pakistan Institute of D
Published 16 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 Friday (April 15, 2011).

Published 16 Apr, 2011 12:00am
Sindh lifts ban on wheat movement

Sindh lifts ban on wheat movement

The government of Sindh on Friday lifted ban on wheat movement in the province. The ban was lifted after a meeting between representatives of Pakistan Flour Mills Association (PFMA) and Sindh Food Minister Nadir Magsi The minister allowed flourmills to pr
Published 16 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 Friday (April 15, 2011).

Published 16 Apr, 2011 12:00am
Sindh lifts ban on wheat movement

Sindh lifts ban on wheat movement

The government of Sindh on Friday lifted ban on wheat movement in the province. The ban was lifted after a meeting between representatives of Pakistan Flour Mills Association (PFMA) and Sindh Food Minister Nadir Magsi The minister allowed flourmills to pr
Published 16 Apr, 2011 12:00am
Sindh lifts ban on wheat movement

Sindh lifts ban on wheat movement

The government of Sindh on Friday lifted ban on wheat movement in the province. The ban was lifted after a meeting between representatives of Pakistan Flour Mills Association (PFMA) and Sindh Food Minister Nadir Magsi The minister allowed flourmills to pr
Published 16 Apr, 2011 12:00am
Pakistan has right to sustain, retire IMF's SBA

Pakistan has right to sustain, retire IMF's SBA

The government has the right to sustain or retire the current Stand-By Arrangement (SBA) programme, informed sources revealed to Business Recorder on Friday. According to IMF terms and conditions, it is up to the government of Pakistan to determine
Published 16 Apr, 2011 12:00am
Pakistan has right to sustain, retire IMF's SBA

Pakistan has right to sustain, retire IMF's SBA

The government has the right to sustain or retire the current Stand-By Arrangement (SBA) programme, informed sources revealed to Business Recorder on Friday. According to IMF terms and conditions, it is up to the government of Pakistan to determine
Published 16 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 Friday (April 15, 2011).

Published 16 Apr, 2011 12:00am
Pakistan has right to sustain, retire IMF''s SBA

Pakistan has right to sustain, retire IMF''s SBA

The government has the right to sustain or retire the current Stand-By Arrangement (SBA) programme, informed sources revealed to Business Recorder on Friday. According to IMF terms and conditions, it is up to the government of Pakistan to determine
Published 16 Apr, 2011 12:00am
Hafeez seeks to attract foreign investment

Hafeez seeks to attract foreign investment

Finance Minister Dr Abdul Hafeez Shaikh on Friday began his visit to Washington with an outreach to American businesses, reaffirming Islamabad's resolve to facilitate foreign investment, overcome economic challenges and put the country on path to sustaine
Published 16 Apr, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (April 15, 2011).
Published 16 Apr, 2011 12:00am
Hafeez seeks to attract foreign investment

Hafeez seeks to attract foreign investment

Finance Minister Dr Abdul Hafeez Shaikh on Friday began his visit to Washington with an outreach to American businesses, reaffirming Islamabad's resolve to facilitate foreign investment, overcome economic challenges and put the country on path to sustaine
Published 16 Apr, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (April 15, 2011).

Published 16 Apr, 2011 12:00am
Hafeez seeks to attract foreign investment

Hafeez seeks to attract foreign investment

Finance Minister Dr Abdul Hafeez Shaikh on Friday began his visit to Washington with an outreach to American businesses, reaffirming Islamabad''s resolve to facilitate foreign investment, overcome economic challenges and put the country on path to sustain
Published 16 Apr, 2011 12:00am
FBR appoints coordinators

FBR appoints coordinators

The Federal Board of Revenue (FBR) has appointed Co-ordinators/Deputy Co-ordinators for the 2011-12 Revenue Budget, who would finalise taxation proposals for the next fiscal year.
Published 16 Apr, 2011 12:00am
FBR appoints coordinators

FBR appoints coordinators

The Federal Board of Revenue (FBR) has appointed Co-ordinators/Deputy Co-ordinators for the 2011-12 Revenue Budget, who would finalise taxation proposals for the next fiscal year.
Published 16 Apr, 2011 12:00am
FBR appoints coordinators

FBR appoints coordinators

The Federal Board of Revenue (FBR) has appointed Co-ordinators/Deputy Co-ordinators for the 2011-12 Revenue Budget, who would finalise taxation proposals for the next fiscal year.
Published 16 Apr, 2011 12:00am
Government moves PBC for action against Kamal Azfar

Government moves PBC for action against Kamal Azfar

The government on Friday approached the Pakistan Bar Council (PBC), seeking disciplinary action against Barrister Kamal Azfar for what it called a 'professional misconduct' by him during the hearing of annulled NRO review case in Supreme Court.
Published 16 Apr, 2011 12:00am
Government moves PBC for action against Kamal Azfar

Government moves PBC for action against Kamal Azfar

The government on Friday approached the Pakistan Bar Council (PBC), seeking disciplinary action against Barrister Kamal Azfar for what it called a 'professional misconduct' by him during the hearing of annulled NRO review case in Supreme Court.
Published 16 Apr, 2011 12:00am
Senator Chandio made Law Minister

Senator Chandio made Law Minister

Prime Minister Syed Yousuf Raza Gilani called on President Asif Ali Zardari here at the Aiwan-e-Sadr on Friday night. During the meeting matters relating to current political situation, appointment of Law Minister and the forthcoming visit of Prime Minist
Published 16 Apr, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (April 15, 2011).

Published 16 Apr, 2011 12:00am
Senator Chandio made Law Minister

Senator Chandio made Law Minister

Prime Minister Syed Yousuf Raza Gilani called on President Asif Ali Zardari here at the Aiwan-e-Sadr on Friday night. During the meeting matters relating to current political situation, appointment of Law Minister and the forthcoming visit of Prime Minist
Published 16 Apr, 2011 12:00am
Gas loadshedding panel fails to find solution

Gas loadshedding panel fails to find solution

The committee on gas load shedding on Friday failed to find out solution of gas load shedding as different stakeholders resisted cut in gas supply to adjust demand and supply gap, Business Recorder has learnt. All Pakistan CNG associations also cal
Published 16 Apr, 2011 12:00am
Gas loadshedding panel fails to find solution

Gas loadshedding panel fails to find solution

The committee on gas load shedding on Friday failed to find out solution of gas load shedding as different stakeholders resisted cut in gas supply to adjust demand and supply gap, Business Recorder has learnt. All Pakistan CNG associations also cal
Published 16 Apr, 2011 12:00am
Gas loadshedding panel fails to find solution

Gas loadshedding panel fails to find solution

The committee on gas load shedding on Friday failed to find out solution of gas load shedding as different stakeholders resisted cut in gas supply to adjust demand and supply gap, Business Recorder has learnt. All Pakistan CNG associations also cal
Published 16 Apr, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities moved both the ways and finally ended in negative zone amid descending transaction volume on account of lacking interest on the part of investors. The LSE-25 index lost
Published 16 Apr, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities moved both the ways and finally ended in negative zone amid descending transaction volume on account of lacking interest on the part of investors. The LSE-25 index lost
Published 16 Apr, 2011 12:00am
ISE index loses 6.19 points

ISE index loses 6.19 points

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 6.19 points, as the Index moved from 2521.14 to 2514.95 points.
Published 16 Apr, 2011 12:00am
ISE index loses 6.19 points

ISE index loses 6.19 points

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 6.19 points, as the Index moved from 2521.14 to 2514.95 points.
Published 16 Apr, 2011 12:00am
Governments pick UN green fund delegates, ending row

Governments pick UN green fund delegates, ending row

Governments have agreed on a list of 40 delegates to design a "Green Climate Fund" to channel billions of dollars to poor nations, the United Nations said on Friday, ending disputes that delayed the first talks by a month. Asian and Latin American groups
Published 16 Apr, 2011 12:00am
Governments pick UN green fund delegates, ending row

Governments pick UN green fund delegates, ending row

Governments have agreed on a list of 40 delegates to design a "Green Climate Fund" to channel billions of dollars to poor nations, the United Nations said on Friday, ending disputes that delayed the first talks by a month. Asian and Latin American groups
Published 16 Apr, 2011 12:00am
Governments pick UN green fund delegates, ending row

Governments pick UN green fund delegates, ending row

Governments have agreed on a list of 40 delegates to design a "Green Climate Fund" to channel billions of dollars to poor nations, the United Nations said on Friday, ending disputes that delayed the first talks by a month. Asian and Latin American groups
Published 16 Apr, 2011 12:00am
Dr Asim set to be elected Senator unopposed

Dr Asim set to be elected Senator unopposed

No one else has filed nomination papers except by PPP's nominated candidate Dr Asim Hussain for a vacant Senate seat. A top official of provincial Election Commissioner told APP here on Friday that Friday was the last day of filing of nomination. He said
Published 16 Apr, 2011 12:00am
Dr Asim set to be elected Senator unopposed

Dr Asim set to be elected Senator unopposed

No one else has filed nomination papers except by PPP's nominated candidate Dr Asim Hussain for a vacant Senate seat. A top official of provincial Election Commissioner told APP here on Friday that Friday was the last day of filing of nomination. He said
Published 16 Apr, 2011 12:00am
Wheat procurement: government agencies' dues stand at Rs 189 billion

Wheat procurement: government agencies' dues stand at Rs 189 billion

As the new wheat procurement season is set to kick off, the government owned procurement agencies still have Rs 189 billion outstanding under the head of wheat advances. Sources in banking sector told Business Recorder on Friday that the overall co
Published 16 Apr, 2011 12:00am
Wheat procurement: government agencies' dues stand at Rs 189 billion

Wheat procurement: government agencies' dues stand at Rs 189 billion

As the new wheat procurement season is set to kick off, the government owned procurement agencies still have Rs 189 billion outstanding under the head of wheat advances. Sources in banking sector told Business Recorder on Friday that the overall co
Published 16 Apr, 2011 12:00am
Wheat procurement: government agencies'' dues stand at Rs 189 billion

Wheat procurement: government agencies'' dues stand at Rs 189 billion

As the new wheat procurement season is set to kick off, the government owned procurement agencies still have Rs 189 billion outstanding under the head of wheat advances. Sources in banking sector told Business Recorder on Friday that the overall co
Published 16 Apr, 2011 12:00am
Court charged 11 Muslim student

Court charged 11 Muslim student

Eleven Muslim students charged with disrupting a speech by the Israeli ambassador to the US at a California university are due in court. The students are scheduled to be arraigned Friday on charges of misdemeanour conspiracy to disturb a meeting and misde
Published 16 Apr, 2011 12:00am
Court charged 11 Muslim student

Court charged 11 Muslim student

Eleven Muslim students charged with disrupting a speech by the Israeli ambassador to the US at a California university are due in court. The students are scheduled to be arraigned Friday on charges of misdemeanour conspiracy to disturb a meeting and misde
Published 16 Apr, 2011 12:00am
Five zero-rated sectors: tax payment date extended

Five zero-rated sectors: tax payment date extended

The Federal Board of Revenue has extended the date for payment of taxes/duty for the tax period March 2011, and filing of Sales Tax/Federal Excise returns, up to April 20, 2011 for registered persons of five zero-rated sectors claiming benefit under SRO.
Published 16 Apr, 2011 12:00am
Five zero-rated sectors: tax payment date extended

Five zero-rated sectors: tax payment date extended

The Federal Board of Revenue has extended the date for payment of taxes/duty for the tax period March 2011, and filing of Sales Tax/Federal Excise returns, up to April 20, 2011 for registered persons of five zero-rated sectors claiming benefit under SRO.
Published 16 Apr, 2011 12:00am
Five zero-rated sectors: tax payment date extended

Five zero-rated sectors: tax payment date extended

The Federal Board of Revenue has extended the date for payment of taxes/duty for the tax period March 2011, and filing of Sales Tax/Federal Excise returns, up to April 20, 2011 for registered persons of five zero-rated sectors claiming benefit under SRO.
Published 16 Apr, 2011 12:00am
Nato, Russia exchange joint missile defence concepts

Nato, Russia exchange joint missile defence concepts

Nato and Russia on Friday exchanged concepts for a joint missile defence shield and agreed on a joint maintenance fund for Afghan helicopters, in a two-day meeting of Nato foreign ministers in Berlin. The joint steps marked a new period of co-operation be
Published 16 Apr, 2011 12:00am
US House passes Republican spending plan

US House passes Republican spending plan

President Barack Obama's Republican foes in the US House of Representatives muscled their politically risky budget to passage Friday, calling it the cure to out-of-control government spending. In an almost perfectly party-line vote, lawmakers voted 235-19
Published 16 Apr, 2011 12:00am
Suicide bomber hits Indonesian mosque, wounds 28

Suicide bomber hits Indonesian mosque, wounds 28

A suicide bomber blew himself up as police were praying Friday, wounding 28 people in the first attack on a mosque since extremists started targeting the predominantly Muslim country a decade ago. The victims including a local police chief were rushed to
Published 16 Apr, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Apr, 2011 12:00am
Syria protests sweep into capital, defying Assad

Syria protests sweep into capital, defying Assad

Protests against Syrian President Bashar al-Assad swept into the capital, Damascus, on Friday for the first time since a growing wave of pro-democracy unrest began to put pressure on his 11-year rule. Thousands of protesters marched elsewhere across the c
Published 16 Apr, 2011 12:00am
Yemen's Saleh calls for talks as protests escalate

Yemen's Saleh calls for talks as protests escalate

Opponents of Yemen's president stepped up a campaign on Friday to force him out, but Ali Abdullah Saleh was defiant as he addressed thousands of supporters and urged the opposition to join peace talks. "We call on the opposition to consult their conscienc
Published 16 Apr, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Apr, 2011 12:00am
Nine killed as severe storms hit central US

Nine killed as severe storms hit central US

A powerful storm system that ripped across the central US Friday killed nine people, including three children. The storms left numerous communities in eastern Oklahoma and across Arkansas with downed power lines, damaged roofs and hazardous driving condit
Published 16 Apr, 2011 12:00am
Japan eyes state-backed insurer to save TEPCO

Japan eyes state-backed insurer to save TEPCO

Japan plans to set up a government-backed insurance fund to put money into Tokyo Electric Power and pay compensation stemming from the disaster at its Fukushima Daiichi nuclear plant, the Nikkei newspaper said. Aimed at saving Tokyo Electric from collapse
Published 16 Apr, 2011 12:00am
Number of Russian billionaires swells in 2011

Number of Russian billionaires swells in 2011

The number of Russian billionaires almost doubled over the last year to 101, the Russian edition of Forbes magazine said Friday in its annual rating. A total of 101 businessmen in Russia now have a net worth of $1 billion or more, up from 62 last year but
Published 16 Apr, 2011 12:00am
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