BR100 Decreased By (-0.81%)
BR30 Decreased By (-1.11%)
KSE100 Decreased By (-0.81%)
KSE30 Decreased By (-0.81%)
AGHA 7.59 Decreased By ▼ -0.10 (-1.3%)
BECO 5.51 Increased By ▲ 0.27 (5.15%)
BML 59.08 Decreased By ▼ -1.14 (-1.89%)
BOP 34.11 Decreased By ▼ -1.17 (-3.32%)
CNERGY 12.84 Decreased By ▼ -0.29 (-2.21%)
CSIL 6.10 Decreased By ▼ -0.01 (-0.16%)
FCCL 57.66 Decreased By ▼ -0.31 (-0.53%)
FFL 16.20 Decreased By ▼ -0.22 (-1.34%)
FNEL 1.21 Increased By ▲ 0.01 (0.83%)
KEL 7.48 No Change ▼ 0.00 (0%)
KOSM 5.94 Decreased By ▼ -0.10 (-1.66%)
LOTCHEM 27.99 Increased By ▲ 0.24 (0.86%)
MLCF 100.65 Decreased By ▼ -2.33 (-2.26%)
NBP 203.75 Decreased By ▼ -2.29 (-1.11%)
NCPL 60.57 Decreased By ▼ -1.67 (-2.68%)
NPL 69.96 Decreased By ▼ -1.33 (-1.87%)
OGDC 320.29 Decreased By ▼ -3.49 (-1.08%)
PACE 11.10 Decreased By ▼ -0.41 (-3.56%)
PAEL 43.12 Decreased By ▼ -0.78 (-1.78%)
PIBTL 16.56 Decreased By ▼ -0.12 (-0.72%)
PPL 228.84 Decreased By ▼ -0.63 (-0.27%)
PRL 71.02 Increased By ▲ 0.91 (1.3%)
PTC 71.65 Decreased By ▼ -0.50 (-0.69%)
SSGC 26.68 Decreased By ▼ -0.43 (-1.59%)
TBL 9.81 Decreased By ▼ -0.05 (-0.51%)
TELE 8.61 Decreased By ▼ -0.11 (-1.26%)
TPL 22.24 Decreased By ▼ -0.38 (-1.68%)
TPLP 15.11 Decreased By ▼ -0.57 (-3.64%)
TREET 24.13 Decreased By ▼ -0.08 (-0.33%)
TRG 59.84 Decreased By ▼ -1.29 (-2.11%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-05-14
President condemns Gujrat bus blast
Top News

President condemns Gujrat bus blast

ISLAMABAD: President Asif Ali Zardari has strongly condemned the bomb blast in a passenger bus at Chak Kamala near Khari
Published 14 May, 2011 07:05pm
PM condemns Gujrat bus blast
Top News

PM condemns Gujrat bus blast

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani has strongly condemned the bomb blast in a passenger bus at Chak Kamala
Published 14 May, 2011 07:02pm
Martelly takes oath as Haiti's president
Top News

Martelly takes oath as Haiti's president

PORT-AU-PRINCE: Michel Martelly took the oath of office Saturday as Haiti's new president, assuming the leadership of an
Published 14 May, 2011 05:29pm
Gold plunged to Rs 41,442
Markets

Gold plunged to Rs 41,442

KARACHI: Gold plunged by Rs 343 to Rs 41,442 per 10 grams in local bullion market Saturday, as its international price a
Published 14 May, 2011 12:32pm
Weekly inflation increases by 0.07pct
Top News

Weekly inflation increases by 0.07pct

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on May 12 for the lowest income group up to Rs.3,000 h
Published 14 May, 2011 10:00am
Mubarak wife in intensive care
Africa

Mubarak wife in intensive care

CAIRO: Ousted Egyptian president Hosni Mubarak's wife, Suzanne, was in intensive care on Saturday after state television
Published 14 May, 2011 08:29am
Japan's Hamaoka nuclear plant shut down
Top News

Japan's Hamaoka nuclear plant shut down

TOKYO: Japan's ageing Hamaoka nuclear power plant, located near a tectonic faultline southwest of Tokyo, completed the s
Published 14 May, 2011 07:05am
Indian shares climb

Indian shares climb

Indian shares gained for the week after declining in the two previous weeks, rising 1.1 percent on Friday, after a key ally of the Congress-led coalition won elections in the swing state of West Bengal, leading to hopes of stability in New Delhi. But the
Published 14 May, 2011 12:00am
Australian shares down

Australian shares down

Australian stocks ended a choppy session up 0.3 percent with a late lift from better-than-expected French and German GDP numbers giving some relief to investors who are nervous over the fate of global recovery. High volatility in commodities over fears ab
Published 14 May, 2011 12:00am
Treasuries retreat

Treasuries retreat

US Treasury debt prices retreated on Thursday, hurt by a lackluster 30-year Treasury bond auction and some appetite for stocks and commodities after recent selloffs in riskier assets. Benchmark 10-year Treasury notes prices were down half a point in price
Published 14 May, 2011 12:00am
Treasuries retreat

Treasuries retreat

US Treasury debt prices retreated on Thursday, hurt by a lackluster 30-year Treasury bond auction and some appetite for stocks and commodities after recent selloffs in riskier assets. Benchmark 10-year Treasury notes prices were down half a point in price
Published 14 May, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.3 percent on Friday, with Formosa Petrochemical, , Taiwan's only private-run oil refinery, recovering to close flat after a fire at a Taiwan plant forced the shutdown of some facilities. DRAM maker ProMos plunged 6.12 percent after El
Published 14 May, 2011 12:00am
Wall Street rises

Wall Street rises

Defensive shares led a rebound in US stocks on Thursday as investors weighed mixed economic signals and recent volatility in commodities as they searched for direction. The Dow industrials fell nearly 100 points in the morning but recovered later after a
Published 14 May, 2011 12:00am
Friday's midday trade: dollar rebound drags on financials, commodities

Friday's midday trade: dollar rebound drags on financials, commodities

US stocks fell about 1 percent on Friday as a strengthening in the dollar due to global uncertainty caused a drop in commodity-related and financial shares. The euro fell against the dollar as investors refocused on eurozone debt before meetings by financ
Published 14 May, 2011 12:00am
Hong Kong, China shares snap weekly losing streak

Hong Kong, China shares snap weekly losing streak

Hong Kong and China shares rose on Friday to snap their weekly losing streaks but light trading volumes are likely to keep benchmarks within narrow chart levels in the near-term. Inflation remains a concern after a fifth increase this year in reserve requ
Published 14 May, 2011 12:00am
Most South East Asian stocks higher

Most South East Asian stocks higher

Most major Southeast Asian stock markets gained on Friday as investors sought value stocks after good results and the region stood out in Asia on the week, but volatility in commodities continued to keep players on edge. Turnover for most of the markets h
Published 14 May, 2011 12:00am
US inflation hits 2-1/2 year high, seen peaking

US inflation hits 2-1/2 year high, seen peaking

Gasoline and food prices hoisted US inflation to a 2-1/2 year high in April, but there was little sign of a broader pick-up in consumer prices that would trouble the Federal Reserve. The pace of food and fuel price rises slowed considerably from March, su
Published 14 May, 2011 12:00am
US made billion-dollar move to support yen

US made billion-dollar move to support yen

The United States deployed $1.0 billion as part of a G7 intervention in foreign-exchange markets to tame the soaring yen after Japan's earthquake disaster, the Federal Reserve said Friday. "The US monetary authorities intervened in the foreign exchange ma
Published 14 May, 2011 12:00am
Britons suffer biggest income drop since 1981

Britons suffer biggest income drop since 1981

Britons probably suffered the biggest drop in incomes in 30 years over the past 12 months, the Institute for Fiscal Studies said on Friday, leaving median incomes close to levels last seen in 2005. The estimates from the IFS, an independent think tank, ec
Published 14 May, 2011 12:00am
Irish house price monthly fall fastest since June 2009

Irish house price monthly fall fastest since June 2009

Irish house prices fell at their fastest monthly rate for close to two years in March, meaning the average asking price has dropped 40 percent since their 2007 peak, a new official index showed on Friday. Irish property prices rocketed to unsustainable le
Published 14 May, 2011 12:00am
As US debt ceiling looms, Geithner prods Congress

As US debt ceiling looms, Geithner prods Congress

Three days before the US public debt hits its legal limit, US Treasury Secretary Timothy Geithner urged lawmakers to lift the ceiling to ensure confidence remains in the world's largest economy. "On Monday, May 16 - just three days from today - the United
Published 14 May, 2011 12:00am
European economies show firm growth, Italy lags

European economies show firm growth, Italy lags

European economies posted solid first-quarter growth rates on Friday, with several showing strong demand at home, but Italy only scraped into growth. Economists forecast that demand from abroad for European exporters could ease later in the year. Germany,
Published 14 May, 2011 12:00am
Greece needs more measures to meet bailout terms: EU

Greece needs more measures to meet bailout terms: EU

Eurozone policymakers piled pressure on Greece on Friday to drive through more austerity after bleak economic forecasts showed the debt-choked country would miss fiscal targets without further reforms. Athens would fall short of its 2011 deficit target by
Published 14 May, 2011 12:00am
'Not clear' how to end Doha impasse: EU

'Not clear' how to end Doha impasse: EU

The world's main trading nations remain divided over a global trade deal despite a compromise plan put forward by the European Union to rescue the stalled Doha trade round, the EU's trade chief said on Friday. EU Trade Commissioner Karel De Gucht said it
Published 14 May, 2011 12:00am
Top banks face capital surcharge hit

Top banks face capital surcharge hit

The world's top banks will likely be hardest hit by new capital surcharges that would rise according to size, links to other lenders and how easily a bank could be replaced in a crisis, the Financial Times reported. The FT report on Friday cited global re
Published 14 May, 2011 12:00am
Petronas to build $20 billion energy complex in Malaysia

Petronas to build $20 billion energy complex in Malaysia

State-owned energy giant Petronas said Friday it will construct a $20 billion integrated refinery and petrochemicals complex in southern Malaysia. The Refinery and Petrochemicals Integrated Development (RAPID) will be commissioned by the end of 2016 as Ma
Published 14 May, 2011 12:00am
US bank failure costs to exceed estimates by $2 billion

US bank failure costs to exceed estimates by $2 billion

US bank failures in 2010 cost the Federal Deposit Insurance Corp $2 billion, or 9 percent, more than initially forecast, according to a new analysis by SNL Financial. The rise exceeds in the increase seen in 2009, and highlights the higher-than-expected c
Published 14 May, 2011 12:00am
Japanese banks post fourth quarter losses

Japanese banks post fourth quarter losses

Mizuho Financial Group and Sumitomo Mitsui Financial Group expect core lending activities to remain sluggish this year, with little clarity so far about the strength of demand for loans related to earthquake reconstruction efforts. Shares of Japan's top b
Published 14 May, 2011 12:00am
Russia, Ukraine spring grain sowing close to 2010

Russia, Ukraine spring grain sowing close to 2010

Russia and its Black Sea neighbour Ukraine have sown spring grains on practically the same areas as a year ago and are both aiming to increase the grain crop acreages. Russia had sown 11.1 million hectares by May 13, or 36.8 percent of the targeted area,
Published 14 May, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 113,639 tonnes of cargo including 86,742 tonnes of import cargo, 26,897 tonnes of export cargo and 2,250 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 86,742 tonnes compris
Published 14 May, 2011 12:00am
Indonesia sets aside land for rice to avoid imports

Indonesia sets aside land for rice to avoid imports

Indonesia has reserved 570,000 hectares of land to produce an extra two million tonnes of rice, aimed at reducing the likelihood of Southeast Asia's biggest economy importing any more rice this year, state procurement agency Bulog said. Southeast Asian co
Published 14 May, 2011 12:00am
US Midwest corn, soya and wheat bids firm

US Midwest corn, soya and wheat bids firm

Cash bids for corn, soyabeans and soft red wheat firmed in the US Midwest interior on Thursday as farmers held off sales in order to focus on fieldwork and planting crops, dealers said. A drop in Chicago Board of Trade corn and wheat futures since late Ap
Published 14 May, 2011 12:00am
Rates remain firm on grain market

Rates remain firm on grain market

Rates were firm on the wholesales grain and seed market on Friday as buyers were busy in preparations for Juma prayers, grain and sees merchants group's release said.
Published 14 May, 2011 12:00am
Corn export premiums steady

Corn export premiums steady

Corn export premiums at the US Gulf Coast were steady on Thursday, underpinned by moderate demand for US corn following a steep drop in futures prices this week, traders said. Lower prices attracted some previously reluctant buyers to US corn, including f
Published 14 May, 2011 12:00am
Sun, sand and smiles

Sun, sand and smiles

Ayubowan! A young hostess of the Sri Lankan Airlines welcomed me to Colombo with a smile warmer than the sun I left back in Islamabad. The smile however did little to rid me of my anxiety. Never in my entire life had I travelled to any destination in the
Published 14 May, 2011 12:00am
KARACHI CHRONICLE: Sunday book bazaar reopens

KARACHI CHRONICLE: Sunday book bazaar reopens

It was a sight for sore eyes, that tiny item in the Sunday morning newspaper announcing the revival, after a laps of eight long years, of the Sunday book bazaar in the park of Frere Hall. This very popular bazaar was abandoned following a bomb blast outsi
Published 14 May, 2011 12:00am
ART FACTS: Celebrated watercolourists

ART FACTS: Celebrated watercolourists

Watercolour painting is extremely old, dating back to the cave paintings of paleolithic Europe, and has been used for manuscript illumination since at least Egyptian times and especially in the European Middle Ages. And also in the region of sub-continent
Published 14 May, 2011 12:00am
Healthy strong bones

Healthy strong bones

Healthy eating habit ensures smart body, strong bones and strength of muscles. Calcium and vitamin D together are key constituents of healthy diet. The foremost function of calcium is to grow healthy bones whilst it also responsible for proper functioning
Published 14 May, 2011 12:00am
BRIDGE NOTE: The need for inspiration

BRIDGE NOTE: The need for inspiration

Bridge play has a lot of dimensions. Those who can't see through most of them have a limitation to their play. The more able declarer can see more to it than meets the eye and therefore, fares better. The expert is that one who can see through all the dim
Published 14 May, 2011 12:00am
New York cotton

New York cotton

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

Published 14 May, 2011 12:00am
New York cotton

New York cotton

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

Published 14 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 14 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 14 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 Friday (May 13, 2011).

Published 14 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 Friday (May 13, 2011).

Published 14 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 Friday (May 13, 2011).

Published 14 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 Friday (May 13, 2011).

Published 14 May, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 13, 2011).
Published 14 May, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 13, 2011).

Published 14 May, 2011 12:00am
APCC recommends Rs 710 billion PSDP for fiscal year 2012

APCC recommends Rs 710 billion PSDP for fiscal year 2012

The Annual Plan Co-ordination Committee (APCC) on Friday recommended to the National Economic Council (NEC) Rs 710 billion Public Sector Development Programme (PSDP) for the next fiscal year including Rs 10 billion for Erra amid walkout and protest by two
Published 14 May, 2011 12:00am
APCC recommends Rs 710 billion PSDP for fiscal year 2012

APCC recommends Rs 710 billion PSDP for fiscal year 2012

The Annual Plan Co-ordination Committee (APCC) on Friday recommended to the National Economic Council (NEC) Rs 710 billion Public Sector Development Programme (PSDP) for the next fiscal year including Rs 10 billion for Erra amid walkout and protest by two
Published 14 May, 2011 12:00am
APCC recommends Rs 710 billion PSDP for fiscal year 2012

APCC recommends Rs 710 billion PSDP for fiscal year 2012

The Annual Plan Co-ordination Committee (APCC) on Friday recommended to the National Economic Council (NEC) Rs 710 billion Public Sector Development Programme (PSDP) for the next fiscal year including Rs 10 billion for Erra amid walkout and protest by two
Published 14 May, 2011 12:00am
Balochistan boycotts meeting

Balochistan boycotts meeting

Finance Minister of Balochistan has reportedly boycotted Annual Plan Co-ordination Committee (APCC) meeting on Friday in protest against less allocation for the Province in Public Sector Development Program (PSDP) for the next fiscal year.
Published 14 May, 2011 12:00am
Balochistan boycotts meeting

Balochistan boycotts meeting

Finance Minister of Balochistan has reportedly boycotted Annual Plan Co-ordination Committee (APCC) meeting on Friday in protest against less allocation for the Province in Public Sector Development Program (PSDP) for the next fiscal year.
Published 14 May, 2011 12:00am
Balochistan boycotts meeting

Balochistan boycotts meeting

Finance Minister of Balochistan has reportedly boycotted Annual Plan Co-ordination Committee (APCC) meeting on Friday in protest against less allocation for the Province in Public Sector Development Program (PSDP) for the next fiscal year.
Published 14 May, 2011 12:00am
EU Parliament clears trade concessions

EU Parliament clears trade concessions

The plenary of the European Union (EU) parliament on Friday cleared the autonomous trade concessions for Pakistan. The only hurdle now remains WTO waiver. But the passage of the proposal by the EU parliament is a good development for Pakistan. The EU rema
Published 14 May, 2011 12:00am
EU Parliament clears trade concessions

EU Parliament clears trade concessions

The plenary of the European Union (EU) parliament on Friday cleared the autonomous trade concessions for Pakistan. The only hurdle now remains WTO waiver. But the passage of the proposal by the EU parliament is a good development for Pakistan. The EU rema
Published 14 May, 2011 12:00am
EU Parliament clears trade concessions

EU Parliament clears trade concessions

The plenary of the European Union (EU) parliament on Friday cleared the autonomous trade concessions for Pakistan. The only hurdle now remains WTO waiver. But the passage of the proposal by the EU parliament is a good development for Pakistan. The EU rema
Published 14 May, 2011 12:00am
RAC for abolition of WHT on cash withdrawals

RAC for abolition of WHT on cash withdrawals

The Revenue Advisory Council (RAC) has recommended to the Federal Board of Revenue (FBR) to abolish 0.3 percent withholding tax on cash withdrawal from banks in the coming budget for 2011-12. Sources told Business Recorder here on Friday that the i
Published 14 May, 2011 12:00am
RAC for abolition of WHT on cash withdrawals

RAC for abolition of WHT on cash withdrawals

The Revenue Advisory Council (RAC) has recommended to the Federal Board of Revenue (FBR) to abolish 0.3 percent withholding tax on cash withdrawal from banks in the coming budget for 2011-12. Sources told Business Recorder here on Friday that the i
Published 14 May, 2011 12:00am
RAC for abolition of WHT on cash withdrawals

RAC for abolition of WHT on cash withdrawals

The Revenue Advisory Council (RAC) has recommended to the Federal Board of Revenue (FBR) to abolish 0.3 percent withholding tax on cash withdrawal from banks in the coming budget for 2011-12. Sources told Business Recorder here on Friday that the i
Published 14 May, 2011 12:00am
US interrogates Osama's 'hostile' wives: report

US interrogates Osama's 'hostile' wives: report

US intelligence services have interrogated three of Osama bin Laden's widows who were picked up in a US raid that saw the al Qaeda leader killed, CNN said Thursday, citing US and Pakistani sources. The women were reportedly interviewed as a group, despite
Published 14 May, 2011 12:00am
US interrogates Osama's 'hostile' wives: report

US interrogates Osama's 'hostile' wives: report

US intelligence services have interrogated three of Osama bin Laden's widows who were picked up in a US raid that saw the al Qaeda leader killed, CNN said Thursday, citing US and Pakistani sources. The women were reportedly interviewed as a group, despite
Published 14 May, 2011 12:00am
CJCSC cancels US visit

CJCSC cancels US visit

Chairman, Joint Chiefs of Staff Committee, General Khalid Shameem Wynne on Friday cancelled a scheduled visit to the United States. It is widely believed that the visit has been cancelled in protest against US raid in Abbottabad that shattered the trust b
Published 14 May, 2011 12:00am
CJCSC cancels US visit

CJCSC cancels US visit

Chairman, Joint Chiefs of Staff Committee, General Khalid Shameem Wynne on Friday cancelled a scheduled visit to the United States. It is widely believed that the visit has been cancelled in protest against US raid in Abbottabad that shattered the trust b
Published 14 May, 2011 12:00am
65 FC recruits among 80 killed in suicide attacks

65 FC recruits among 80 killed in suicide attacks

At least 80 people, included 65 Frontier Constabulary (FC) personnel, were killed and more than 100 injured in two suicide strikes on Friday morning at the entrance to the paramilitary training centre in Shabqadar, district Charsadda. Charsadda District P
Published 14 May, 2011 12:00am
65 FC recruits among 80 killed in suicide attacks

65 FC recruits among 80 killed in suicide attacks

At least 80 people, included 65 Frontier Constabulary (FC) personnel, were killed and more than 100 injured in two suicide strikes on Friday morning at the entrance to the paramilitary training centre in Shabqadar, district Charsadda. Charsadda District P
Published 14 May, 2011 12:00am
Supreme Court suspends FSC order on transfer of PFT assets

Supreme Court suspends FSC order on transfer of PFT assets

The Supreme Court on Friday suspended the Federal Shariat Court's decision relating to transfer of assets of Sheikh Sultan Trust, formerly known as People's Foundation Trust (PFT) to Benazir Bhutto's heirs on Friday. A five-member Appellate Bench of the S
Published 14 May, 2011 12:00am
Supreme Court suspends FSC order on transfer of PFT assets

Supreme Court suspends FSC order on transfer of PFT assets

The Supreme Court on Friday suspended the Federal Shariat Court's decision relating to transfer of assets of Sheikh Sultan Trust, formerly known as People's Foundation Trust (PFT) to Benazir Bhutto's heirs on Friday. A five-member Appellate Bench of the S
Published 14 May, 2011 12:00am
Mixed trend on KSE

Mixed trend on KSE

The KSE-100 index on Friday closed at 11,967.35 points with a marginal gain of 5.17 points with low trading volume. The market witnessed mixed trend throughout the session with the index oscillating between 12,010.11 points intra-day high and 11,941.88 po
Published 14 May, 2011 12:00am
Mixed trend on KSE

Mixed trend on KSE

The KSE-100 index on Friday closed at 11,967.35 points with a marginal gain of 5.17 points with low trading volume. The market witnessed mixed trend throughout the session with the index oscillating between 12,010.11 points intra-day high and 11,941.88 po
Published 14 May, 2011 12:00am
Mixed trend on KSE

Mixed trend on KSE

The KSE-100 index on Friday closed at 11,967.35 points with a marginal gain of 5.17 points with low trading volume. The market witnessed mixed trend throughout the session with the index oscillating between 12,010.11 points intra-day high and 11,941.88 po
Published 14 May, 2011 12:00am
BRIndex30 up 23.01 points

BRIndex30 up 23.01 points

On Fri-day, the BRIndex30 opened at 8,638.92 points and remained in positive throughout the trading session. It touched the intra-day high of 8,698.63 points and low of 8,645.25 points and closed at 8,661.93 points with a net positive change of 23.01 poin
Published 14 May, 2011 12:00am
BRIndex30 up 23.01 points

BRIndex30 up 23.01 points

On Fri-day, the BRIndex30 opened at 8,638.92 points and remained in positive throughout the trading session. It touched the intra-day high of 8,698.63 points and low of 8,645.25 points and closed at 8,661.93 points with a net positive change of 23.01 poin
Published 14 May, 2011 12:00am
World's poorest nations aim to halve their number

World's poorest nations aim to halve their number

Leaders of the world's poorest nations and their donors unveiled Friday a plan to cut the number of least developed countries (LDCs) by half from the present 48 within 10 years. The 33 states of Africa and 14 from Asia plus Haiti, with a per capita income
Published 14 May, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both ways on Friday and closed in minus column at Lahore Stock Exchange (LSE) amid ascending transaction volume. The LSE-25 index lost 3.60 points and closed at 3204.21 points against 3207.81 points of Thursday. Transaction volume increased
Published 14 May, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both ways on Friday and closed in minus column at Lahore Stock Exchange (LSE) amid ascending transaction volume. The LSE-25 index lost 3.60 points and closed at 3204.21 points against 3207.81 points of Thursday. Transaction volume increased
Published 14 May, 2011 12:00am
ISE index gains 3.39 points

ISE index gains 3.39 points

Equities moved both ways at Islamabad Stock Exchange (ISE) on Friday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 3.39 points from 2,674.03 points to 2,677.42 points. Turnover amounted to 20,032 s
Published 14 May, 2011 12:00am
ISE index gains 3.39 points

ISE index gains 3.39 points

Equities moved both ways at Islamabad Stock Exchange (ISE) on Friday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 3.39 points from 2,674.03 points to 2,677.42 points. Turnover amounted to 20,032 s
Published 14 May, 2011 12:00am
Outsiders should not decide Afghan affairs: Singh

Outsiders should not decide Afghan affairs: Singh

Indian Prime Minister Manmohan Singh, backing Kabul's peace plan to reconcile with Taliban-led insurgents, urged Afghanistan on Friday to shake off outside "coercion", while at the same time seeking to boost India's waning influence. Singh's strong words
Published 14 May, 2011 12:00am
Outsiders should not decide Afghan affairs: Singh

Outsiders should not decide Afghan affairs: Singh

Indian Prime Minister Manmohan Singh, backing Kabul's peace plan to reconcile with Taliban-led insurgents, urged Afghanistan on Friday to shake off outside "coercion", while at the same time seeking to boost India's waning influence. Singh's strong words
Published 14 May, 2011 12:00am
Chairman Pemra's resignation accepted

Chairman Pemra's resignation accepted

The resignation of Chairman, Pakistan Electronic Media Regulatory Authority (Pemra), Mushtaq Malik, has been accepted. In this regard, a notification has been issued here by the Establishment Division. Sources told Business Recorder here on Friday
Published 14 May, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 May, 2011 12:00am
Chairman Pemra's resignation accepted

Chairman Pemra's resignation accepted

The resignation of Chairman, Pakistan Electronic Media Regulatory Authority (Pemra), Mushtaq Malik, has been accepted. In this regard, a notification has been issued here by the Establishment Division. Sources told Business Recorder here on Friday
Published 14 May, 2011 12:00am
Suspected US drone strike kills five

Suspected US drone strike kills five

A US drone aircraft on Friday fired four missiles at a vehicle in restive tribal region, killing five people, local intelligence officials said. The incident took place in the Datta Khel area of North Waziristan, a known hotbed of Taliban and al Qaeda mil
Published 14 May, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 14 May, 2011 12:00am
Suspected US drone strike kills five

Suspected US drone strike kills five

A US drone aircraft on Friday fired four missiles at a vehicle in restive tribal region, killing five people, local intelligence officials said. The incident took place in the Datta Khel area of North Waziristan, a known hotbed of Taliban and al Qaeda mil
Published 14 May, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 May, 2011 12:00am
Two hurt as PIA plane makes emergency landing in Qatar

Two hurt as PIA plane makes emergency landing in Qatar

At least two passengers on board were injured when a Karachi-bound PIA's flight PK-258 is reported to have made an emergency landing in Qatar 15 minutes after taking off, from Doha airport, due to some technical fault, sources said.
Published 14 May, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 May, 2011 12:00am
Two hurt as PIA plane makes emergency landing in Qatar

Two hurt as PIA plane makes emergency landing in Qatar

At least two passengers on board were injured when a Karachi-bound PIA's flight PK-258 is reported to have made an emergency landing in Qatar 15 minutes after taking off, from Doha airport, due to some technical fault, sources said.
Published 14 May, 2011 12:00am
Wullar barrage: India agrees to provide data within a month

Wullar barrage: India agrees to provide data within a month

India has agreed to provide technical data of controversial Wullar Barrage to Pakistan within a month. This was the crux of two-day parleys between Pakistan and India on Wullar Barrage. Pakistani team was led by Secretary Water and Power, Javed Iqbal wher
Published 14 May, 2011 12:00am
Wullar barrage: India agrees to provide data within a month

Wullar barrage: India agrees to provide data within a month

India has agreed to provide technical data of controversial Wullar Barrage to Pakistan within a month. This was the crux of two-day parleys between Pakistan and India on Wullar Barrage. Pakistani team was led by Secretary Water and Power, Javed Iqbal wher
Published 14 May, 2011 12:00am
Wullar barrage: India agrees to provide data within a month

Wullar barrage: India agrees to provide data within a month

India has agreed to provide technical data of controversial Wullar Barrage to Pakistan within a month. This was the crux of two-day parleys between Pakistan and India on Wullar Barrage. Pakistani team was led by Secretary Water and Power, Javed Iqbal wher
Published 14 May, 2011 12:00am
Fresh listings: 100 percent increase in tax credit sought in budget

Fresh listings: 100 percent increase in tax credit sought in budget

The Federal Board of Revenue has agreed to a budget proposal of the Securities and Exchange Commission of Pakistan (SECP) to increase the tax credit from 5 to 10 percent for three years on enlistment of new companies on the stock exchanges in the country.
Published 14 May, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 13, 2011).

Published 14 May, 2011 12:00am
Fresh listings: 100 percent increase in tax credit sought in budget

Fresh listings: 100 percent increase in tax credit sought in budget

The Federal Board of Revenue has agreed to a budget proposal of the Securities and Exchange Commission of Pakistan (SECP) to increase the tax credit from 5 to 10 percent for three years on enlistment of new companies on the stock exchanges in the country.
Published 14 May, 2011 12:00am
Fresh listings: 100 percent increase in tax credit sought in budget

Fresh listings: 100 percent increase in tax credit sought in budget

The Federal Board of Revenue has agreed to a budget proposal of the Securities and Exchange Commission of Pakistan (SECP) to increase the tax credit from 5 to 10 percent for three years on enlistment of new companies on the stock exchanges in the country.
Published 14 May, 2011 12:00am
Government decides to procure sugar from PSMA through TCP

Government decides to procure sugar from PSMA through TCP

The government has decided to procure 50,000 tons of sugar from Pakistan Sugar Mills Association (PSMA) through the Trading Corporation of Pakistan (TCP) instead of Utility Stores Corporation (USC). The decision was taken by an inter ministerial meeting p
Published 14 May, 2011 12:00am
Government decides to procure sugar from PSMA through TCP

Government decides to procure sugar from PSMA through TCP

The government has decided to procure 50,000 tons of sugar from Pakistan Sugar Mills Association (PSMA) through the Trading Corporation of Pakistan (TCP) instead of Utility Stores Corporation (USC). The decision was taken by an inter ministerial meeting p
Published 14 May, 2011 12:00am
Government decides to procure sugar from PSMA through TCP

Government decides to procure sugar from PSMA through TCP

The government has decided to procure 50,000 tons of sugar from Pakistan Sugar Mills Association (PSMA) through the Trading Corporation of Pakistan (TCP) instead of Utility Stores Corporation (USC). The decision was taken by an inter ministerial meeting p
Published 14 May, 2011 12:00am
Qadhafi says Nato bombs won't get him

Qadhafi says Nato bombs won't get him

Moammer Qadhafi said Friday he is in a place where Nato bombs cannot reach him, after his government spokesman denied suggestions that the Libyan leader was wounded and on the run. "I want to say to the Crusader cowards that I live in a place where I cann
Published 14 May, 2011 12:00am
Qadhafi says Nato bombs won't get him

Qadhafi says Nato bombs won't get him

Moammer Qadhafi said Friday he is in a place where Nato bombs cannot reach him, after his government spokesman denied suggestions that the Libyan leader was wounded and on the run. "I want to say to the Crusader cowards that I live in a place where I cann
Published 14 May, 2011 12:00am
THE RUPEE: dollar sharply up

THE RUPEE: dollar sharply up

The rupee surrendered its overnight gains versus dollar and euro on the currency market on Friday, dealers said. The rupee lost 36 paisa in relation to the US currency for buying at 85.10 and fell by 37 paisa for selling at 85.15, market-men said. Payment
Published 14 May, 2011 12:00am
Ron Paul announces new run for US presidency

Ron Paul announces new run for US presidency

Ron Paul, a US congressman from Texas, announced Friday a new run for the Republican presidential nomination for 2012, saying Americans are now ready for his libertarian ideas. It will be the third attempt for Paul, who ran as a Republican in 2008 but fai
Published 14 May, 2011 12:00am
THE RUPEE: dollar sharply up

THE RUPEE: dollar sharply up

The rupee surrendered its overnight gains versus dollar and euro on the currency market on Friday, dealers said. The rupee lost 36 paisa in relation to the US currency for buying at 85.10 and fell by 37 paisa for selling at 85.15, market-men said. Payment
Published 14 May, 2011 12:00am
Ron Paul announces new run for US presidency

Ron Paul announces new run for US presidency

Ron Paul, a US congressman from Texas, announced Friday a new run for the Republican presidential nomination for 2012, saying Americans are now ready for his libertarian ideas. It will be the third attempt for Paul, who ran as a Republican in 2008 but fai
Published 14 May, 2011 12:00am
Musharraf plans to land in Lahore on March 23

Musharraf plans to land in Lahore on March 23

Former president Pervez Musharraf plans to return to his country next year, despite facing possible arrest, in order to participate in a 2013 election, he told reporters on Friday. "My plan is to land in Lahore on March 23 next year, if not earlier," he s
Published 14 May, 2011 12:00am
Musharraf plans to land in Lahore on March 23

Musharraf plans to land in Lahore on March 23

Former president Pervez Musharraf plans to return to his country next year, despite facing possible arrest, in order to participate in a 2013 election, he told reporters on Friday. "My plan is to land in Lahore on March 23 next year, if not earlier," he s
Published 14 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 13, 2011).

Published 14 May, 2011 12:00am
SBP forms panel to curb money laundering, Hundi

SBP forms panel to curb money laundering, Hundi

The State Bank of Pakistan on Friday constituted a special eight-member committee comprising four directors to curb money laundering, Hundi and Hawala systems. Sources told Business Recorder on Friday that this committee was constituted at a joint
Published 14 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 13, 2011).

Published 14 May, 2011 12:00am
SBP forms panel to curb money laundering, Hundi

SBP forms panel to curb money laundering, Hundi

The State Bank of Pakistan on Friday constituted a special eight-member committee comprising four directors to curb money laundering, Hundi and Hawala systems. Sources told Business Recorder on Friday that this committee was constituted at a joint
Published 14 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 Friday (May 13, 2011).

Published 14 May, 2011 12:00am
SBP forms panel to curb money laundering, Hundi

SBP forms panel to curb money laundering, Hundi

The State Bank of Pakistan on Friday constituted a special eight-member committee comprising four directors to curb money laundering, Hundi and Hawala systems. Sources told Business Recorder on Friday that this committee was constituted at a joint
Published 14 May, 2011 12:00am
'Red rout' as India's communists fall

'Red rout' as India's communists fall

The Indian state of West Bengal said goodbye Friday to three decades of uninterrupted rule by the world's longest-serving democratically-elected communist government. Results from state polls made it clear that the Left Front, led by the Communist Party o
Published 14 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 13, 2011).

Published 14 May, 2011 12:00am
'Red rout' as India's communists fall

'Red rout' as India's communists fall

The Indian state of West Bengal said goodbye Friday to three decades of uninterrupted rule by the world's longest-serving democratically-elected communist government. Results from state polls made it clear that the Left Front, led by the Communist Party o
Published 14 May, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 13, 2011).

Published 14 May, 2011 12:00am
SBP enhances scope of transfers through PRISM

SBP enhances scope of transfers through PRISM

The State Bank of Pakistan (SBP) has decided to enhance the scope of 3rd party fund transfers through Pakistan Real Time Interbank Settlement Mechanism (PRISM) System with immediate effect. The lower value limit for 3rd party funds transfer through the PR
Published 14 May, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 10, 2011.

Published 14 May, 2011 12:00am
SBP enhances scope of transfers through PRISM

SBP enhances scope of transfers through PRISM

The State Bank of Pakistan (SBP) has decided to enhance the scope of 3rd party fund transfers through Pakistan Real Time Interbank Settlement Mechanism (PRISM) System with immediate effect. The lower value limit for 3rd party funds transfer through the PR
Published 14 May, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 10, 2011.

Published 14 May, 2011 12:00am
SBP enhances scope of transfers through PRISM

SBP enhances scope of transfers through PRISM

The State Bank of Pakistan (SBP) has decided to enhance the scope of 3rd party fund transfers through Pakistan Real Time Interbank Settlement Mechanism (PRISM) System with immediate effect. The lower value limit for 3rd party funds transfer through the PR
Published 14 May, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 10, 2011.

Published 14 May, 2011 12:00am
Fityana confirms ISI chief's words

Fityana confirms ISI chief's words

Director General, Inter-Services Intelligence General Ahmed Shuja Pasha on Friday left himself on the mercy of the parliament to decide his fate during an in-camera joint session of the Parliament. This impression was finally confirmed by Raiz Fityana, a
Published 14 May, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 14 May, 2011 12:00am
Kazmi's bail plea rejected

Kazmi's bail plea rejected

Islamabad High Court has rejected bail plea of former federal minister, Hamid Saeed Kazmi in Haj scam case. Justice Anwar Khan Kasi who heard the bail application in his short verdict said that appointment of Rao Shaqeel Ahmad as Director Haj Mecca and Ah
Published 14 May, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 14 May, 2011 12:00am
ZTBL intends to open 150 more branches all over country

ZTBL intends to open 150 more branches all over country

Zarai Taraqiati Bank Limited (ZTBL)'s Lahore zonal office on Friday organised a function to mark the bank's golden jubilee. ZTBL's zonal chief/vice president Aurangzeb Mohsin Khan and other bank's senior officials were present on the occasion. While addre
Published 14 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 13, 2011).

Published 14 May, 2011 12:00am
UAF to introduce two breeds of hens

UAF to introduce two breeds of hens

The University of Agriculture Faisalabad (UAF) will introduce two breeds of hens in a couple of years to increase eggs production in the country, said, Vice Chancellor, Professor Dr Iqrar Ahmed Khan at a two-day seminar on 'Livestock Breeding Policy and S
Published 14 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 13, 2011).

Published 14 May, 2011 12:00am
AIMC convocation on May 24

AIMC convocation on May 24

The convocation for the sessions 2004-2009 and 2005-2010 of Allama Iqbal Medical College (AIMC) will be held on May 24. Principal AIMC, Professor Javed Akram has asked all the graduates of the above sessions to get their names registered with convocation
Published 14 May, 2011 12:00am
The Weather

The Weather

The weather report on Friday (May 13, 2011) and the forecast for Saturday (May 14, 2011).

Published 14 May, 2011 12:00am
LSE all set to expel its corporate member

LSE all set to expel its corporate member

Lahore Stock Exchange is going to expel its corporate member M/S Wasi Securities (SMC) (pvt) Limited and the decision is expected in the next meeting of the board of directors of the exchange. The Appellate Bench of Arbitration of the Exchange, after cond
Published 14 May, 2011 12:00am
PSO organises seminar for CNG station owners

PSO organises seminar for CNG station owners

Pakistan State Oil (PSO) organised a one-day training seminar for the CNG station owners at Lahore office on Friday. The purpose of the seminar was to create awareness among the CNG station owners to adopt safety measures in order to avoid any accidents.
Published 14 May, 2011 12:00am
Safe food production tied to coastal environment protection

Safe food production tied to coastal environment protection

The protection of coastal and marine environments ensures safe and sustainable food production as well as generation of income and employment leading to economic development. These view were expressed by Irfan Nadeem, Federal Secretary for Science and Tec
Published 14 May, 2011 12:00am
'Revolutionary measures for healthcare being taken'

'Revolutionary measures for healthcare being taken'

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that Punjab government has taken revolutionary measures for provision of modern health facilities to the masses. He said that besides provision of free medicines and dialysis facility in hospitals an
Published 14 May, 2011 12:00am
VCs' appointment case: LHC judge refuses to conduct hearing

VCs' appointment case: LHC judge refuses to conduct hearing

Justice Ejazul Hassan of Lahore High Court here Friday refused to hear several petitions challenging process for appointment of six public sector universities' vice chancellors and composition of "search committee", and referred the same to chief justice
Published 14 May, 2011 12:00am
Investment expert apprised about PBIT plans

Investment expert apprised about PBIT plans

On the invitation of Punjab Board of Investment and Trade (PBIT), world-renowned expert on investment promotion Carlos Bronzatto spoke at a seminar "Investment Promotion 101". Carlos Bronzatto is visiting Pakistan in the capacity of Chief Executive of Wor
Published 14 May, 2011 12:00am
Punjab University book fair attracts students, scholars

Punjab University book fair attracts students, scholars

Punjab University Vice-Chancellor Professor Dr Mujahid Kamran, renowned journalists and columnist including Hassan Nisar, Sohail Warraich, former Provincial Minister Muhammad Ashraf Sohna, MPA Rana Iqbal, renowned poet Wasi Shah, bureaucrats, faculty memb
Published 14 May, 2011 12:00am
Education a must for progress, says Shahbaz

Education a must for progress, says Shahbaz

Punjab Chief Minister, Shahbaz Sharif has said the dream of progress and development of the country cannot be materialised without promotion of education. The chief minister further said that the government launched the project of Daanish Schools for prov
Published 14 May, 2011 12:00am
Consultative session on gender sensitisation held

Consultative session on gender sensitisation held

A consultative session for women on gender sensitisation in the field of alternate dispute resolution was organised here on Friday. International Finance Corporation (IFC), a subsidiary group of the World Bank, organised the consultative session under Alt
Published 14 May, 2011 12:00am
Clarification challenged: LHC tells FBR to file comments

Clarification challenged: LHC tells FBR to file comments

The Lahore High Court (LHC) has issued notices to Federal Board of Revenue (FBR) and concerned commissioners to file para-wise comments as to how the FBR issued a clarification on April 28, 2011 that all persons providing services falling within the provi
Published 14 May, 2011 12:00am
Bomb blast destroys five Nato tankers

Bomb blast destroys five Nato tankers

At least five Nato oil tankers bound for Afghanistan caught fire on Friday after a bomb planted beneath one of them exploded, but there were no casualties, officials in Pakistan said. "A remote-controlled device planted under one of the tankers carrying f
Published 14 May, 2011 12:00am
Power shortfall reduces

Power shortfall reduces

With the drop in mercury in Punjab power shortfall has reduced to 1988MW. Rains and thunderstorms have eased electricity demand. According to Pepco, power generation through hydel, thermal, IPPs and RPPs during last 24 hours stood at 5002MW, 1349MW, 7269M
Published 14 May, 2011 12:00am
Haj corruption: Supreme Court displeased over FIA probe

Haj corruption: Supreme Court displeased over FIA probe

The Supreme Court on Friday expressed displeasure over the investigation into the Haj corruption scandal by Federal Investigation Agency (FIA). A six-member larger bench headed by Chief Justice Iftikhar Muhammad Chaudhry, which was hearing Haj corruption
Published 14 May, 2011 12:00am
Advisory to cotton growers

Advisory to cotton growers

Punjab Agriculture Department (PAD) has advised the cotton growers to schedule irrigation of their crop keeping in view the fertility of the land, sowing method and weather conditions. A spokesman of the department said here on Friday that first irrigatio
Published 14 May, 2011 12:00am
Previous Day