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Archive - 2011-05-04
Chennai, Mumbai post easy wins
Cricket

Chennai, Mumbai post easy wins

CHENNAI: Michael Hussey and Suresh Raina hit impressive half-centuries as Chennai Super Kings thrashed Rajasthan Royals
Published 04 May, 2011 06:45pm
SBP mops up Rs34bln
Top News

SBP mops up Rs34bln

KARACHI: State Bank of Pakistan (SBP) mopped up Rs 34 billion through its Open Market Operation (OMO) here on Wednesday.
Published 04 May, 2011 11:30am
Electricity shortfall jumps 7,200MW
Top News

Electricity shortfall jumps 7,200MW

KARACHI: The shortfall in electricity has touched the 7,200MW mark leaving over 2,000MW gap in the system Aaj News repor
Published 04 May, 2011 10:02am
OGRA adjusts CNG prices
Top News

OGRA adjusts CNG prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has adjusted the CNG price in Khyber Pukhtunkhwa, Balochistan, Po
Published 04 May, 2011 07:04am
PVMA: Too slick to catch!
BR Research

PVMA: Too slick to catch!

The competition watchdog has, once again, questioned the practices of the Pakistan Vanaspati Manufacturers Association. However, it appears
Published 04 May, 2011 12:00am
Man Group raises $1.5 billion for Japan hedge fund

Man Group raises $1.5 billion for Japan hedge fund

Man Group, Europe's largest listed hedge fund firm, signalled the start of a new alternatives investment boom when unveiling a $1.5 billion fund in Japan, its biggest product launch since the financial crisis. The computer-driven Nomura Global Trend fund
Published 04 May, 2011 12:00am
Oil cake market rates

Oil cake market rates

The May vaida was up and July contract was unchanged on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The May vaida that had closed at Rs 1330.60 commenced with a rise of 60 paisa at Rs 1331.20. The July contract wh
Published 04 May, 2011 12:00am
EU wheat prices fall, no export demand

EU wheat prices fall, no export demand

European new crop wheat prices dipped on Tuesday, following US markets, as traders said there were no new elements to give clear direction. "There is a lack of appetite with no export demand. The market is waiting for new elements to make a decision," a E
Published 04 May, 2011 12:00am
Law, order situation slows down business on grain market

Law, order situation slows down business on grain market

Sluggish business was seen on the wholesale grain and seed market on Tuesday as poor law and order situation in the city forced the buyers to keep away from the normal business, dealers said. On the cereal side, wheat old Bardan and new both types both ma
Published 04 May, 2011 12:00am
Oil World raises Brazilian soyabean crop forecast

Oil World raises Brazilian soyabean crop forecast

Hamburg-based oilseeds analyst Oil World on Tuesday raised its forecast of Brazil's 2011 soyabean harvest by 0.5 million tonnes as crop yields were better than expected despite recent unfavourable weather. Oil World now forecasts Brazil's 2011 soyabean cr
Published 04 May, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 61,043 tonnes of cargo including 38,088 tonnes of import cargo and 22,955 tonnes of export cargo during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 38,088 tonnes comprised of 18,138 tonnes of containeri
Published 04 May, 2011 12:00am
Russian wheat prices stable

Russian wheat prices stable

Russian wheat prices held steady on demand from traders, who started buying primarily fourth-grade milling wheat, mainly in the south, SovEcon agricultural analysts said in a weekly note. Average third-grade wheat prices fell by just 50 roubles ($1.83) la
Published 04 May, 2011 12:00am
High palm oil output to limit soya demand: Oil World

High palm oil output to limit soya demand: Oil World

Soyaoil faces intense competition from palm oil in coming months if forecasts of higher global palm oil output are confirmed, Hamburg-based oilseeds analyst Oil World said on Tuesday. "The prospective recovery of palm oil supplies will severely decimate d
Published 04 May, 2011 12:00am
India's grain output up, storage problem seen

India's grain output up, storage problem seen

Following are selected highlights from a report issued by a US Department of Agriculture attache in India: "The Ministry of Agriculture's third advance estimate indicates that India is set to attain a record food grain production of 235.9 million tonnes i
Published 04 May, 2011 12:00am
Bangladeshi tea prices fall

Bangladeshi tea prices fall

The average price of Bangladeshi teas fell 7.92 percent to 170.89 taka ($2.34) per kg on lower overseas demand at the weekly auction on Tuesday, brokers said. Some 42.28 percent of the 794,865 kg on offer remained unsold and were taken back to the storage
Published 04 May, 2011 12:00am
New York cotton

New York cotton

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

Published 04 May, 2011 12:00am
New York cotton

New York cotton

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

Published 04 May, 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 04 May, 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 04 May, 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 (May 03, 2011).

Published 04 May, 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 (May 03, 2011).

Published 04 May, 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 (May 03, 2011).

Published 04 May, 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 (May 03, 2011).

Published 04 May, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (May 03, 2011).
Published 04 May, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (May 03, 2011).

Published 04 May, 2011 12:00am
Bhutto was killed before apex court announced its verdict: SC informed

Bhutto was killed before apex court announced its verdict: SC informed

The Supreme Court was told on Tuesday that Zulfiqar Ali Bhutto was killed before the apex court announced its verdict and his dead body was hanged on April 4, 1979 just to meet the formality. An eleven-member bench headed by Chief Justice Iftikhar Muhamma
Published 04 May, 2011 12:00am
Bhutto was killed before apex court announced its verdict: SC informed

Bhutto was killed before apex court announced its verdict: SC informed

The Supreme Court was told on Tuesday that Zulfiqar Ali Bhutto was killed before the apex court announced its verdict and his dead body was hanged on April 4, 1979 just to meet the formality. An eleven-member bench headed by Chief Justice Iftikhar Muhamma
Published 04 May, 2011 12:00am
'Unauthorised' US raid: Pakistan expresses 'deep concerns, reservations'

'Unauthorised' US raid: Pakistan expresses 'deep concerns, reservations'

Pakistan on Tuesday expressed concern over the US operation that killed Osama bin Laden near its capital, saying such "unauthorised unilateral" action could threaten international peace. The foreign ministry denied that Pakistan's civilian or military lea
Published 04 May, 2011 12:00am
'Unauthorised' US raid: Pakistan expresses 'deep concerns, reservations'

'Unauthorised' US raid: Pakistan expresses 'deep concerns, reservations'

Pakistan on Tuesday expressed concern over the US operation that killed Osama bin Laden near its capital, saying such "unauthorised unilateral" action could threaten international peace. The foreign ministry denied that Pakistan's civilian or military lea
Published 04 May, 2011 12:00am
China defends Pakistan against accusations

China defends Pakistan against accusations

China hailed on Tuesday the death of Osama bin Laden in a US raid while defending its regional partner Pakistan against accusations it had done too little against terror threats. Beijing and Washington have gone through bouts of friction over Taiwan and T
Published 04 May, 2011 12:00am
China defends Pakistan against accusations

China defends Pakistan against accusations

China hailed on Tuesday the death of Osama bin Laden in a US raid while defending its regional partner Pakistan against accusations it had done too little against terror threats. Beijing and Washington have gone through bouts of friction over Taiwan and T
Published 04 May, 2011 12:00am
It's a 'shared achievement': US envoy

It's a 'shared achievement': US envoy

The US special representative for Afghanistan and Pakistan Ambassador, Marc Grossman, on Tuesday termed the death of al Qaeda chief Osama bin Laden a "shared achievement" and emphasised the long term commitment of US to end extremism for peace and prosper
Published 04 May, 2011 12:00am
It's a 'shared achievement': US envoy

It's a 'shared achievement': US envoy

The US special representative for Afghanistan and Pakistan Ambassador, Marc Grossman, on Tuesday termed the death of al Qaeda chief Osama bin Laden a "shared achievement" and emphasised the long term commitment of US to end extremism for peace and prosper
Published 04 May, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (May 03, 2011).

Published 04 May, 2011 12:00am
US feared Pakistan might 'alert' Osama about raid: CIA

US feared Pakistan might 'alert' Osama about raid: CIA

CIA Director Leon Panetta said in an interview Tuesday that officials ruled out informing Islamabad about a planned raid against Osama bin Laden's compound as they feared their Pakistani counterparts might alert the al Qaeda chief. Panetta told Time magaz
Published 04 May, 2011 12:00am
US feared Pakistan might 'alert' Osama about raid: CIA

US feared Pakistan might 'alert' Osama about raid: CIA

CIA Director Leon Panetta said in an interview Tuesday that officials ruled out informing Islamabad about a planned raid against Osama bin Laden's compound as they feared their Pakistani counterparts might alert the al Qaeda chief. Panetta told Time magaz
Published 04 May, 2011 12:00am
Paris questions Islamabad role

Paris questions Islamabad role

France's foreign minister said Tuesday he was not convinced Osama bin Laden could have gone undetected in Pakistan until his death and would ask Pakistan's prime minister to explain at an impending meeting. "I find it a little difficult to imagine that th
Published 04 May, 2011 12:00am
Paris questions Islamabad role

Paris questions Islamabad role

France's foreign minister said Tuesday he was not convinced Osama bin Laden could have gone undetected in Pakistan until his death and would ask Pakistan's prime minister to explain at an impending meeting. "I find it a little difficult to imagine that th
Published 04 May, 2011 12:00am
Human rights group raises questions

Human rights group raises questions

A leading human rights group Tuesday questioned the killing of al Qaeda leader Osama Bin Laden, who was shot dead by US soldiers in his hideaway in Pakistan and quickly buried at sea. "If he wasn't shooting at the soldiers, the killing should be investiga
Published 04 May, 2011 12:00am
Human rights group raises questions

Human rights group raises questions

A leading human rights group Tuesday questioned the killing of al Qaeda leader Osama Bin Laden, who was shot dead by US soldiers in his hideaway in Pakistan and quickly buried at sea. "If he wasn't shooting at the soldiers, the killing should be investiga
Published 04 May, 2011 12:00am
Iran launches oil bourse with gasoline sale

Iran launches oil bourse with gasoline sale

Iran launched a new Oil Exchange on Tuesday, putting on sale a consignment of gasoline for export to show what it says is new found self-sufficiency in the vital fuel, the official IRNA news agency reported. The bourse, located on the island of Kish, an e
Published 04 May, 2011 12:00am
Iran launches oil bourse with gasoline sale

Iran launches oil bourse with gasoline sale

Iran launched a new Oil Exchange on Tuesday, putting on sale a consignment of gasoline for export to show what it says is new found self-sufficiency in the vital fuel, the official IRNA news agency reported. The bourse, located on the island of Kish, an e
Published 04 May, 2011 12:00am
Iran launches oil bourse with gasoline sale

Iran launches oil bourse with gasoline sale

Iran launched a new Oil Exchange on Tuesday, putting on sale a consignment of gasoline for export to show what it says is new found self-sufficiency in the vital fuel, the official IRNA news agency reported. The bourse, located on the island of Kish, an e
Published 04 May, 2011 12:00am
CPI inflation up 14.08 percent in July-April

CPI inflation up 14.08 percent in July-April

The CPI inflation swelled by 14.08 percent during July-April 2010-11 over the same period last year on the back of sharp increase in the prices of food items fuelled by higher petroleum prices and electricity tariff. Official figures of monthly CPI releas
Published 04 May, 2011 12:00am
CPI inflation up 14.08 percent in July-April

CPI inflation up 14.08 percent in July-April

The CPI inflation swelled by 14.08 percent during July-April 2010-11 over the same period last year on the back of sharp increase in the prices of food items fuelled by higher petroleum prices and electricity tariff. Official figures of monthly CPI releas
Published 04 May, 2011 12:00am
CPI inflation up 14.08 percent in July-April

CPI inflation up 14.08 percent in July-April

The CPI inflation swelled by 14.08 percent during July-April 2010-11 over the same period last year on the back of sharp increase in the prices of food items fuelled by higher petroleum prices and electricity tariff. Official figures of monthly CPI releas
Published 04 May, 2011 12:00am
450 Lahoreites assessed for Rs 225 million tax

450 Lahoreites assessed for Rs 225 million tax

Directorate General of Intelligence and Investigation, Inland Revenue has made over 450 provisional assessments of wealthy Lahoreites, raising income tax demand of over Rs 225 million, which reflects stern action against un-documented persons has been ini
Published 04 May, 2011 12:00am
450 Lahoreites assessed for Rs 225 million tax

450 Lahoreites assessed for Rs 225 million tax

Directorate General of Intelligence and Investigation, Inland Revenue has made over 450 provisional assessments of wealthy Lahoreites, raising income tax demand of over Rs 225 million, which reflects stern action against un-documented persons has been ini
Published 04 May, 2011 12:00am
450 Lahoreites assessed for Rs 225 million tax

450 Lahoreites assessed for Rs 225 million tax

Directorate General of Intelligence and Investigation, Inland Revenue has made over 450 provisional assessments of wealthy Lahoreites, raising income tax demand of over Rs 225 million, which reflects stern action against un-documented persons has been ini
Published 04 May, 2011 12:00am
Expanded cabinet to burden current expenditure

Expanded cabinet to burden current expenditure

A 14-member expansion in the federal cabinet after the unlikely political marriage between Pakistan Peoples Party (PPP) and Pakistan Muslim League Quaid-e-Azam (PML-Q) in the name of reconciliation will raise current expenditure considerably, according to
Published 04 May, 2011 12:00am
Expanded cabinet to burden current expenditure

Expanded cabinet to burden current expenditure

A 14-member expansion in the federal cabinet after the unlikely political marriage between Pakistan Peoples Party (PPP) and Pakistan Muslim League Quaid-e-Azam (PML-Q) in the name of reconciliation will raise current expenditure considerably, according to
Published 04 May, 2011 12:00am
Expanded cabinet to burden current expenditure

Expanded cabinet to burden current expenditure

A 14-member expansion in the federal cabinet after the unlikely political marriage between Pakistan Peoples Party (PPP) and Pakistan Muslim League Quaid-e-Azam (PML-Q) in the name of reconciliation will raise current expenditure considerably, according to
Published 04 May, 2011 12:00am
Government bonds likely to attract more investment

Government bonds likely to attract more investment

Ministry of Finance is expecting huge investment by the public sector institutions in government bonds after discontinuation of institutional investment in National Saving Schemes (NSS), official sources told Business Recorder.
Published 04 May, 2011 12:00am
Government bonds likely to attract more investment

Government bonds likely to attract more investment

Ministry of Finance is expecting huge investment by the public sector institutions in government bonds after discontinuation of institutional investment in National Saving Schemes (NSS), official sources told Business Recorder.
Published 04 May, 2011 12:00am
Government bonds likely to attract more investment

Government bonds likely to attract more investment

Ministry of Finance is expecting huge investment by the public sector institutions in government bonds after discontinuation of institutional investment in National Saving Schemes (NSS), official sources told Business Recorder.
Published 04 May, 2011 12:00am
Government bonds likely to attract more investment

Government bonds likely to attract more investment

Ministry of Finance is expecting huge investment by the public sector institutions in government bonds after discontinuation of institutional investment in National Saving Schemes (NSS), official sources told Business Recorder.
Published 04 May, 2011 12:00am
MQM agrees to rejoin Cabinet

MQM agrees to rejoin Cabinet

Muttahida Qaumi Movement (MQM) has agreed to rejoin the Cabinet and oath-taking ceremony is likely to be held on May 7, reliable sources told Business Recorder on Tuesday. According to sources, MQM wanted to join Cabinet along with Pakistan Muslim
Published 04 May, 2011 12:00am
MQM agrees to rejoin Cabinet

MQM agrees to rejoin Cabinet

Muttahida Qaumi Movement (MQM) has agreed to rejoin the Cabinet and oath-taking ceremony is likely to be held on May 7, reliable sources told Business Recorder on Tuesday. According to sources, MQM wanted to join Cabinet along with Pakistan Muslim
Published 04 May, 2011 12:00am
Index sheds 79 points

Index sheds 79 points

The Karachi share market witnessed a dull session on Tuesday due to law and order situation in the city. The KSE-100 index failed to sustain 12,000 points level and closed at 11,956.89 points, down by 79.00 points from 12,035.89 points.
Published 04 May, 2011 12:00am
Index sheds 79 points

Index sheds 79 points

The Karachi share market witnessed a dull session on Tuesday due to law and order situation in the city. The KSE-100 index failed to sustain 12,000 points level and closed at 11,956.89 points, down by 79.00 points from 12,035.89 points.
Published 04 May, 2011 12:00am
Index sheds 79 points

Index sheds 79 points

The Karachi share market witnessed a dull session on Tuesday due to law and order situation in the city. The KSE-100 index failed to sustain 12,000 points level and closed at 11,956.89 points, down by 79.00 points from 12,035.89 points.
Published 04 May, 2011 12:00am
BRIndex30 loses 82.24 points

BRIndex30 loses 82.24 points

On Tuesday, the BRIndex30 opened at 8,720.21 points. It touched the intra-day high of 8,725.87 points and low of 8,596.14 points and closed at 8,637.97 points with a net negative change of -82.24 points, or -0.94 percent lower than previous close.
Published 04 May, 2011 12:00am
BRIndex30 loses 82.24 points

BRIndex30 loses 82.24 points

On Tuesday, the BRIndex30 opened at 8,720.21 points. It touched the intra-day high of 8,725.87 points and low of 8,596.14 points and closed at 8,637.97 points with a net negative change of -82.24 points, or -0.94 percent lower than previous close.
Published 04 May, 2011 12:00am
LSE index down 32.32 points

LSE index down 32.32 points

Bearish sentiment dominated on Lahore Stock Exchange on Tuesday and equities registered losses amid descending transaction volume due to lack of buying interest on the part on investors. The LSE-25 index lost 32.32 points and closed at 3201.51 points agai
Published 04 May, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 May, 2011 12:00am
LSE index down 32.32 points

LSE index down 32.32 points

Bearish sentiment dominated on Lahore Stock Exchange on Tuesday and equities registered losses amid descending transaction volume due to lack of buying interest on the part on investors. The LSE-25 index lost 32.32 points and closed at 3201.51 points agai
Published 04 May, 2011 12:00am
MoI&P bifurcated into two ministries

MoI&P bifurcated into two ministries

Prime Minister Syed Yusuf Raza Gilani, in terms of Rules 3(2) of the Rules of Business 1973, has bifurcated the Ministry of Industries and Production, into two ministries namely, Ministry of Industries and Ministry of Production. According to a memorandum
Published 04 May, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 May, 2011 12:00am
MoI&P bifurcated into two ministries

MoI&P bifurcated into two ministries

Prime Minister Syed Yusuf Raza Gilani, in terms of Rules 3(2) of the Rules of Business 1973, has bifurcated the Ministry of Industries and Production, into two ministries namely, Ministry of Industries and Ministry of Production. According to a memorandum
Published 04 May, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 May, 2011 12:00am
MoI&P bifurcated into two ministries

MoI&P bifurcated into two ministries

Prime Minister Syed Yusuf Raza Gilani, in terms of Rules 3(2) of the Rules of Business 1973, has bifurcated the Ministry of Industries and Production, into two ministries namely, Ministry of Industries and Ministry of Production. According to a memorandum
Published 04 May, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 04 May, 2011 12:00am
Trains' service: Pakistan and India agree to remove bottlenecks

Trains' service: Pakistan and India agree to remove bottlenecks

Pakistan and Indian railway officers discussed technical issues pertaining to the operation of passenger and freight trains running between Wagha and Attari during their biannual meeting at Zero Point on Tuesday. The Pakistani side was led by railway's La
Published 04 May, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 May, 2011 12:00am
Trains' service: Pakistan and India agree to remove bottlenecks

Trains' service: Pakistan and India agree to remove bottlenecks

Pakistan and Indian railway officers discussed technical issues pertaining to the operation of passenger and freight trains running between Wagha and Attari during their biannual meeting at Zero Point on Tuesday. The Pakistani side was led by railway's La
Published 04 May, 2011 12:00am
Trains'' service: Pakistan and India agree to remove bottlenecks

Trains'' service: Pakistan and India agree to remove bottlenecks

Pakistan and Indian railway officers discussed technical issues pertaining to the operation of passenger and freight trains running between Wagha and Attari during their biannual meeting at Zero Point on Tuesday. The Pakistani side was led by railway''s L
Published 04 May, 2011 12:00am
Fear of vandalism leads to markets closures

Fear of vandalism leads to markets closures

One of the worst instances of vandalism in the city on Tuesday drove the city into complete impasse as fears of more hooliganism inflicted at least Rs 2 billion losses on the national economy as all markets, commercial areas and business centres remained
Published 04 May, 2011 12:00am
Fear of vandalism leads to markets closures

Fear of vandalism leads to markets closures

One of the worst instances of vandalism in the city on Tuesday drove the city into complete impasse as fears of more hooliganism inflicted at least Rs 2 billion losses on the national economy as all markets, commercial areas and business centres remained
Published 04 May, 2011 12:00am
Fear of vandalism leads to markets closures

Fear of vandalism leads to markets closures

One of the worst instances of vandalism in the city on Tuesday drove the city into complete impasse as fears of more hooliganism inflicted at least Rs 2 billion losses on the national economy as all markets, commercial areas and business centres remained
Published 04 May, 2011 12:00am
Senate passes bill to criminalise fake prize bonds' business

Senate passes bill to criminalise fake prize bonds' business

The Upper House of Parliament on Tuesday unanimously passed bill to criminalise fake prize bonds' business [the Criminal Law (Amendment) Bill, 2010]. Minister for Law, Justice and Parliamentary Affairs moved the Bill aims at preventing financial loss to i
Published 04 May, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 03, 2011).

Published 04 May, 2011 12:00am
Senate passes bill to criminalise fake prize bonds' business

Senate passes bill to criminalise fake prize bonds' business

The Upper House of Parliament on Tuesday unanimously passed bill to criminalise fake prize bonds' business [the Criminal Law (Amendment) Bill, 2010]. Minister for Law, Justice and Parliamentary Affairs moved the Bill aims at preventing financial loss to i
Published 04 May, 2011 12:00am
Senate passes bill to criminalise fake prize bonds'' business

Senate passes bill to criminalise fake prize bonds'' business

The Upper House of Parliament on Tuesday unanimously passed bill to criminalise fake prize bonds'' business [the Criminal Law (Amendment) Bill, 2010]. Minister for Law, Justice and Parliamentary Affairs moved the Bill aims at preventing financial loss to
Published 04 May, 2011 12:00am
Senate passes bill to criminalise fake prize bonds'''' business

Senate passes bill to criminalise fake prize bonds'''' business

The Upper House of Parliament on Tuesday unanimously passed bill to criminalise fake prize bonds'''' business [the Criminal Law (Amendment) Bill, 2010]. Minister for Law, Justice and Parliamentary Affairs moved the Bill aims at preventing financial loss t
Published 04 May, 2011 12:00am
US sues Deutsche Bank

US sues Deutsche Bank

The US Justice Department sued German giant Deutsche Bank Tuesday for mortgage fraud, saying the bank illegally obtained government insurance for substandard mortgages during the US housing boom. Deutsche Bank and its subsidiary MortgageIT "repeatedly lie
Published 04 May, 2011 12:00am
US sues Deutsche Bank

US sues Deutsche Bank

The US Justice Department sued German giant Deutsche Bank Tuesday for mortgage fraud, saying the bank illegally obtained government insurance for substandard mortgages during the US housing boom. Deutsche Bank and its subsidiary MortgageIT "repeatedly lie
Published 04 May, 2011 12:00am
US sues Deutsche Bank

US sues Deutsche Bank

The US Justice Department sued German giant Deutsche Bank Tuesday for mortgage fraud, saying the bank illegally obtained government insurance for substandard mortgages during the US housing boom. Deutsche Bank and its subsidiary MortgageIT "repeatedly lie
Published 04 May, 2011 12:00am
Gilani for enhanced Pak-France defence cooperation

Gilani for enhanced Pak-France defence cooperation

Prime Minister Syed Yousuf Raza Gilani on Tuesday said enhanced defence co-operation and sharing of intelligence with France were vital to counter the threat of extremism and terrorism and for lasting world peace. Talking to French Defence Minister Gerard
Published 04 May, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the money market on Tuesday as the rupee recovered versus dollar and euro, dealers said. The rupee picked up 22 paisa in relation to dollar for buying and selling at 84.33 and 84.38, they said. Availability of the US currency
Published 04 May, 2011 12:00am
Gilani for enhanced Pak-France defence cooperation

Gilani for enhanced Pak-France defence cooperation

Prime Minister Syed Yousuf Raza Gilani on Tuesday said enhanced defence co-operation and sharing of intelligence with France were vital to counter the threat of extremism and terrorism and for lasting world peace. Talking to French Defence Minister Gerard
Published 04 May, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the money market on Tuesday as the rupee recovered versus dollar and euro, dealers said. The rupee picked up 22 paisa in relation to dollar for buying and selling at 84.33 and 84.38, they said. Availability of the US currency
Published 04 May, 2011 12:00am
GCC rejects Iran claim, says 'Gulf is Arab'

GCC rejects Iran claim, says 'Gulf is Arab'

Interior ministers of the six-nation Gulf Cooperation Council on Tuesday denounced Iranian claims and said the Gulf did not exclusively belong to Iran. "The Gulf is Arab and it will remain as it is," the ministers said in a statement after a meeting in Ab
Published 04 May, 2011 12:00am
GCC rejects Iran claim, says 'Gulf is Arab'

GCC rejects Iran claim, says 'Gulf is Arab'

Interior ministers of the six-nation Gulf Cooperation Council on Tuesday denounced Iranian claims and said the Gulf did not exclusively belong to Iran. "The Gulf is Arab and it will remain as it is," the ministers said in a statement after a meeting in Ab
Published 04 May, 2011 12:00am
Nato containers cause Rs 122 billion loss to exchequer: Senate body told

Nato containers cause Rs 122 billion loss to exchequer: Senate body told

Senate Standing Committee on Communication was informed on Tuesday that the Nato containers had caused Rs 122 billion loss to national exchequer and also destroyed highways of the country. The committee, which met here with Wali Badeni in the Chair, was i
Published 04 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 03, 2011).

Published 04 May, 2011 12:00am
Nato containers cause Rs 122 billion loss to exchequer: Senate body told

Nato containers cause Rs 122 billion loss to exchequer: Senate body told

Senate Standing Committee on Communication was informed on Tuesday that the Nato containers had caused Rs 122 billion loss to national exchequer and also destroyed highways of the country. The committee, which met here with Wali Badeni in the Chair, was i
Published 04 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 03, 2011).

Published 04 May, 2011 12:00am
Nato containers cause Rs 122 billion loss to exchequer: Senate body told

Nato containers cause Rs 122 billion loss to exchequer: Senate body told

Senate Standing Committee on Communication was informed on Tuesday that the Nato containers had caused Rs 122 billion loss to national exchequer and also destroyed highways of the country. The committee, which met here with Wali Badeni in the Chair, was i
Published 04 May, 2011 12:00am
Bin Laden corpse photo 'gruesome': White House

Bin Laden corpse photo 'gruesome': White House

The White House warned Tuesday that a photograph of Osama Bin Laden's corpse was "gruesome" and said it was concerned it could be inflammatory if it was publicly released. "It is fair to say it is a gruesome photograph it could be inflammatory," White Hou
Published 04 May, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (May 03, 2011).

Published 04 May, 2011 12:00am