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Archive - 2011-06-01
War crimes suspect Mladic faces trial
Top News

War crimes suspect Mladic faces trial

THE HAGUE: Former Bosnian Serb general Ratko Mladic was given two days Wednesday to prepare for his first appearance
Published 01 Jun, 2011 08:16pm
FBR collects Rs160bn revenue in May
Top News

FBR collects Rs160bn revenue in May

ISLAMABAD : The Federal Board of Revenue (FBR) has collected Rs160.55 billion during the month of May as compared to Rs1
Published 01 Jun, 2011 05:14pm
Fiat invest around $1.1bn in Russia
Top News

Fiat invest around $1.1bn in Russia

MOSCOW : Italian carmaker Fiat SpA will invest $1.1 billion and build 120,000 cars a year in Russia to take advantage
Published 01 Jun, 2011 04:37pm
Instable equilibrium to persist
Europe

Instable equilibrium to persist

LONDON : The much respected former chief economist of the ECB said last week that Greece is "not just illiquid, it is
Published 01 Jun, 2011 02:52pm
Gold eases at Rs42,385
Markets

Gold eases at Rs42,385

KARACHI: Gold dipped by Rs96 to Rs42,385 per 10 grams in local bullion market Wednesday, as its international price also
Published 01 Jun, 2011 01:59pm
Mexico inflation drop this year
Top News

Mexico inflation drop this year

MEXICO CITY : Economists sharply lowered forecasts for Mexican inflation this year, potentially giving the central bank
Published 01 Jun, 2011 01:28pm
European shares lower
Financial

European shares lower

LONDON : European shares slipped on Wednesday ahead of employment figures and factory data that might give clues about t
Published 01 Jun, 2011 01:19pm
Street clashes in Yemen capital kill 39
Top News

Street clashes in Yemen capital kill 39

SANAA: Gunbattles on the streets of Yemen's capital overnight killed 39 people after security forces and opposition trib
Published 01 Jun, 2011 01:01pm
KSE end up, ono rates down
Markets

KSE end up, ono rates down

ISLAMABAD : Karachi Stock Exchange (KSE) ended higher on Wednesday amid hopes that the government will announce the re
Published 01 Jun, 2011 12:12pm
China says manufacturing slows in May
Top News

China says manufacturing slows in May

BEIJING: China's manufacturing sector expanded at the slowest pace in 10 months in May, independent data showed Wednes
Published 01 Jun, 2011 04:48am
Welcoming partial deregulation
BR Research

Welcoming partial deregulation

Ever since the petroleum ministry has changed hands, there has been a positive change in the way things are moving along. There have been a
Published 01 Jun, 2011 12:00am
What equities can do, money can
BR Research

What equities can do, money can

Trust, once lost, cannot be restored. And a good case in point is the countrys equity and corporate bond market. Two years since that market
Published 01 Jun, 2011 12:00am
Higher taxes weighing on telecos
BR Research

Higher taxes weighing on telecos

FBR bosses have never been shy of upping the ante on the folks already taxed. And so they just can seem to ignore the burning urge to overt
Published 01 Jun, 2011 12:00am
Tendulkar gets player of year award

Tendulkar gets player of year award

Record-breaking batsman Sachin Tendulkar on Tuesday received India's cricketer of the year award for his outstanding performances in 2009-2010. Tendulkar, the world's leading scorer in both Test and one-day cricket, won the Polly Umrigar award, named afte
Published 01 Jun, 2011 12:00am
Murray reaches last eight

Murray reaches last eight

British fourth seed Andy Murray clawed his way into the French Open quarter-finals on Tuesday with a courageous 4-6, 4-6, 6-3, 6-2, 7-5 defeat of Serbian 15th seed Victor Troicki. Murray's participation in the match, held over from Monday, had been threat
Published 01 Jun, 2011 12:00am
Schiavone moves into semi-finals

Schiavone moves into semi-finals

Defending champion Francesca Schiavone battled from a set and 4-1 down to defeat Russian teenager Anastasia Pavlyuchenkova and reach the French Open semi-finals on Tuesday. The 30-year-old, who became the first Italian woman to win a Grand Slam title when
Published 01 Jun, 2011 12:00am
Marta Women Football Club win

Marta Women Football Club win

Newly-formed Marta Women Football Club defeated Crystal Women FC by 1-0 in their friendly game here at the Aga Khan Gymkhana Ground on Saturday. Marta Women FC, which recently made its debut in the PFF Inter-Club Championship, struck the lone goal of the
Published 01 Jun, 2011 12:00am
Euribor rate mostly lower

Euribor rate mostly lower

Investors expect the European Central Bank to raise rates again this year but uncertainty over a solution to the Greek crisis prompted them to scale back the pace of an expected tightening, money markets showed on Tuesday. Euribor interest rate futures we
Published 01 Jun, 2011 12:00am
Asian currencies rise

Asian currencies rise

The Singapore dollar and its Asian peers rose on Tuesday as talk of a second bailout for Greece bolstered the euro, but some emerging Asian currencies pared early gains after interventions by foreign exchange authorities. Many of the region's currencies f
Published 01 Jun, 2011 12:00am
Indian rupee erases gains

Indian rupee erases gains

The Indian rupee erased its intraday gains to end little changed on Tuesday, despite a strong euro, on dollar demand from importers and is expected to weaken about 1 percent more by June-end on concerns over slowing growth and firm oil prices. The unit ha
Published 01 Jun, 2011 12:00am
Swiss franc falls versus euro

Swiss franc falls versus euro

The Swiss franc fell against the euro on Tuesday, with the common currency broadly supported by a report that Germany could make concessions on efforts to put together a bailout for Greece. Germany is considering dropping its push for an early reschedulin
Published 01 Jun, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 73.45/73.60 (previous 73.45/73.52). Call Money Rates: 5.75-10.00 percent (previous 6.00-10.00 percent).
Published 01 Jun, 2011 12:00am
Euro climbs to three-week high in London

Euro climbs to three-week high in London

The euro hit a three-week high against the dollar on Tuesday after a report said Germany could make concessions on efforts to put together a bailout for Greece, helping to ease fears over a Greek debt restructuring. The single currency rose to $1.4425 acc
Published 01 Jun, 2011 12:00am
Early trade in New York: Euro at three-week high

Early trade in New York: Euro at three-week high

The euro hit a three-week high against the dollar on Tuesday on a belief that Greece may avoid a debt restructuring, but further gains will likely be capped by technical resistance, with the currency poised to end the month significantly weaker.
Published 01 Jun, 2011 12:00am
Euro rises in Asia

Euro rises in Asia

The euro rose to a three-week peak against the dollar on Tuesday after a wave of short-covering triggered by a report saying Germany could make concessions on efforts to put together a bailout for Greece, with traders eyeing $1.45 as its next target. Germ
Published 01 Jun, 2011 12:00am
New Zealand dollar powers to fresh 26-year high

New Zealand dollar powers to fresh 26-year high

The New Zealand dollar cantered to a 26-year peak against a broadly weaker greenback on Tuesday, helped by rising business confidence, while the Australian dollar held close to a three-week high, underpinned by a bouncy euro and weak yen. The kiwi dollar
Published 01 Jun, 2011 12:00am
Sterling off highs

Sterling off highs

Sterling pulled away from one-month highs versus the dollar on Tuesday as investors sold it against the euro to meet month-end requirements, and bets that the UK economic recovery would remain uneven also weighed. Analysts expect a soft reading from manuf
Published 01 Jun, 2011 12:00am
Yuan hits record high

Yuan hits record high

The yuan touched a record high against the dollar on Tuesday, as the People's Bank of China set a new peak for the mid-point for the fourth straight session after the dollar index fell to a three-week low. Before trade began, the PBOC set the yuan's daily
Published 01 Jun, 2011 12:00am
Banks, oils push FTSE up

Banks, oils push FTSE up

Banks and energy stocks, buoyed by hopes of a second bailout for Greece, helped Britain's FTSE 100 higher on Tuesday, but traders remained concerned about buying momentum in the short-term. "Uncertainty for the near term outlook still remains bearish unti
Published 01 Jun, 2011 12:00am
Indian shares soar

Indian shares soar

Indian shares shrugged off lower-than-expected economic growth in the March quarter and rose 1.5 percent on Tuesday, joining a global rally after a new aid package for Greece eased concerns over the eurozone debt crisis. Financials led the gains, with Sta
Published 01 Jun, 2011 12:00am
Deutsche Boerse extends trading hours

Deutsche Boerse extends trading hours

Frankfurt's stock exchange will extend its trading hours for locally listed shares from June 1, while Deutsche Boerse's benchmark high-volume Xetra trade will be unaffected, the bourse operator said. Trading of locally listed shares, funds and exchange-tr
Published 01 Jun, 2011 12:00am
European shares hit 2-1/2 week high

European shares hit 2-1/2 week high

European shares hit a 2-1/2 week closing high on Tuesday, with appetite for riskier assets boosted by expectations a second aid package for Greece would be agreed, lowering the risk of a near-term debt restructuring. European Union officials met in Vienna
Published 01 Jun, 2011 12:00am
Chinese, Hong Kong shares jump

Chinese, Hong Kong shares jump

Hong Kong and China shares jumped on Tuesday, swept up in a broad rally across Asian markets, with gains driven by power and energy sectors while improving volumes suggested more investors were stepping back into risky assets. Germany's plan to shut all n
Published 01 Jun, 2011 12:00am
Australian stocks post worst monthly fall

Australian stocks post worst monthly fall

Australian stocks rose 0.9 percent on Tuesday on light bargain hunting, but ended the month down 2.4 percent, their worst monthly fall in nearly a year, with analysts saying on valuations alone, the market should rebound. Analysts see valuations around 7
Published 01 Jun, 2011 12:00am
Tuesday's midday trade: Wall Street gains

Tuesday's midday trade: Wall Street gains

US stocks rose on Tuesday on optimism that more financial aid for Greece was imminent, but weaker-than-expected manufacturing and consumer confidence data underscored the doubts that have hit stocks this month. Stocks jumped more than 1 percent at the ope
Published 01 Jun, 2011 12:00am
Nikkei average climbs

Nikkei average climbs

The Nikkei average rose 2 percent on Tuesday, encouraged by manufacturers' predictions of stronger output in the coming months and by a weaker yen after the euro climbed and Moody's put Japan's credit ratings on review for possible downgrade. Also helped
Published 01 Jun, 2011 12:00am
Most Southeast Asian stocks higher

Most Southeast Asian stocks higher

Southeast Asian stock markets generally rose on Tuesday as some investors looked for bargains among regional big-caps but, with the exception of Malaysia, the main markets ended lower on the month, turning round from April due to worries over eurozone deb
Published 01 Jun, 2011 12:00am
Middle East stocks: Egypt snaps four-day rally

Middle East stocks: Egypt snaps four-day rally

Most Gulf markets gained on Tuesday, buoyed by rising oil prices, while Egypt's main index halted a four-session rally, dragged by stocks to be dropped from the MSCI index. Rising oil prices helped UAE stocks advance, with Dubai's index making its largest
Published 01 Jun, 2011 12:00am
Prices remain stable in slow trade on cotton market

Prices remain stable in slow trade on cotton market

Thin business was seen on cotton market on Tuesday as mills showed interest in buying of fine quality to tackle the world competition, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 8,500, they said. In Sindh and
Published 01 Jun, 2011 12:00am
Oil cake market rates

Oil cake market rates

Bullish sentiment was witnessed on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The July contract that had closed at 1422.10 opened with a gain of 40 paisa at Rs 1422.50. The December vaida which ended at Rs 1314.5
Published 01 Jun, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 112,130 tonnes of cargo including 70,447 tonnes of import cargo, 41,683 tonnes of export cargo and 4,184 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 70,447 tonnes compri
Published 01 Jun, 2011 12:00am
A few changes seen on grain market

A few changes seen on grain market

A few changes were seen on the wholesale grain market on Tuesday as buyers were on the sidelines mainly waiting for budget 2011-12, which is expected this week, dealers said. On the cereals side wheat old bardan old and new rates were up by Rs 10 to Rs 24
Published 01 Jun, 2011 12:00am
Brazil to achieve record soyabean exports: Oil World

Brazil to achieve record soyabean exports: Oil World

Brazil and Paraguay are likely to achieve record soyabean exports after bumper crops this year while a disappointing harvest will brake Argentine sales, Hamburg-based oilseeds analysts Oil World said on Tuesday. Brazil's September 2010/August 2011 soyabea
Published 01 Jun, 2011 12:00am
Bangladeshi tea prices rise

Bangladeshi tea prices rise

The average price of Bangladeshi teas rose 3.4 percent to 174.93 taka ($2.4) per kg, led by strong demand for good liquoring teas, at the weekly auction on Tuesday, brokers said. Some 16.28 percent of the 938,653 kg on offer remained unsold and were taken
Published 01 Jun, 2011 12:00am
US wheat futures fall

US wheat futures fall

US wheat futures slid in on Tuesday, resuming trade after a long weekend during which Russia said it was ending its export ban and could ship up to 20 million tonnes of grain from this year's crop. Prime Minister Vladimir Putin announced at the weekend th
Published 01 Jun, 2011 12:00am
Message from Italian Ambassador in Islamabad

Message from Italian Ambassador in Islamabad

We celebrate also this year on the 2nd of June the Italian National Day. But this year is very special for Italy because it is the 150th anniversary of the Italian Unity. I would like to be able to transmit to the Pakistani friends the warm sentiments tha
Published 01 Jun, 2011 12:00am
Message from Italian Consul in Karachi

Message from Italian Consul in Karachi

I am honoured to address the readers of this prestigious newspaper on the 65th anniversary of the National Day of Italy. This year marks also the 150th anniversary of Italy achieving its National Unity and asserting its National Identity as a modern state
Published 01 Jun, 2011 12:00am
Message from Honorary Consul of Italy

Message from Honorary Consul of Italy

Today we commemorate the 65th anniversary of the Republic of Italy, a key player in European and global political, social and economic affairs, and an important ally of Pakistan. Italy and Pakistan have enjoyed friendly relations and share a common insigh
Published 01 Jun, 2011 12:00am
Gadoon Textile Mills Limited: An aura of excellence

Gadoon Textile Mills Limited: An aura of excellence

Gadoon Textile Mills Limited (GTML) was incorporated in 1988 by Yunus Brothers (YB), one of the leading business houses of the country with interests in textile, cement and power generation. Located at Gadoon Amazai, the industrial estate in the Swabi Dis
Published 01 Jun, 2011 12:00am
The Yunus Brothers Group

The Yunus Brothers Group

Yunus Brothers Group (YB Group) was founded in 1962 as a commercial exporter of cotton yarn to far-east countries under the dynamic leadership of late Mr Abdul Razzak Tabba. YB consists of nine companies with an annual turnover of over USD 800 million wit
Published 01 Jun, 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 01 Jun, 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 01 Jun, 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 31, 2011).

Published 01 Jun, 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 31, 2011).

Published 01 Jun, 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 31, 2011).

Published 01 Jun, 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 31, 2011).

Published 01 Jun, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (May 31, 2011).
Published 01 Jun, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (May 31, 2011).

Published 01 Jun, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (May 31, 2011).

Published 01 Jun, 2011 12:00am
US raid: Justice Iqbal-led commission constituted

US raid: Justice Iqbal-led commission constituted

Prime Minister Syed Yusuf Raza Gilani has constituted a Commission for investigating the Abbotabad incident on May 2, 2011. The five members Commission will be headed by Justice Javed Iqbal, a senior judge of Supreme Court of Pakistan, while the other mem
Published 01 Jun, 2011 12:00am
US raid: Justice Iqbal-led commission constituted

US raid: Justice Iqbal-led commission constituted

Prime Minister Syed Yusuf Raza Gilani has constituted a Commission for investigating the Abbotabad incident on May 2, 2011. The five members Commission will be headed by Justice Javed Iqbal, a senior judge of Supreme Court of Pakistan, while the other mem
Published 01 Jun, 2011 12:00am
Three bankers go missing

Three bankers go missing

Three bankers, including Additional Director, State Bank of Pakistan (SBP), went missing since Monday night in Port Qasim area while they were their way back home. According to police, Najm-ul-Saqib Shabir, Head of Pakistan Remittances Initiative (PRI), a
Published 01 Jun, 2011 12:00am
Three bankers go missing

Three bankers go missing

Three bankers, including Additional Director, State Bank of Pakistan (SBP), went missing since Monday night in Port Qasim area while they were their way back home. According to police, Najm-ul-Saqib Shabir, Head of Pakistan Remittances Initiative (PRI), a
Published 01 Jun, 2011 12:00am
Three bankers go missing

Three bankers go missing

Three bankers, including Additional Director, State Bank of Pakistan (SBP), went missing since Monday night in Port Qasim area while they were their way back home. According to police, Najm-ul-Saqib Shabir, Head of Pakistan Remittances Initiative (PRI), a
Published 01 Jun, 2011 12:00am
Government decides to deregulate oil prices

Government decides to deregulate oil prices

The government has decided to deregulate the prices of all petroleum products with an improved monitoring role for the Oil and Gas Regulatory Authority, abolish guaranteed inland freight equalisation margins (IFEM) to refineries and marketing companies ef
Published 01 Jun, 2011 12:00am
Government decides to deregulate oil prices

Government decides to deregulate oil prices

The government has decided to deregulate the prices of all petroleum products with an improved monitoring role for the Oil and Gas Regulatory Authority, abolish guaranteed inland freight equalisation margins (IFEM) to refineries and marketing companies ef
Published 01 Jun, 2011 12:00am
Government decides to deregulate oil prices

Government decides to deregulate oil prices

The government has decided to deregulate the prices of all petroleum products with an improved monitoring role for the Oil and Gas Regulatory Authority, abolish guaranteed inland freight equalisation margins (IFEM) to refineries and marketing companies ef
Published 01 Jun, 2011 12:00am
POL prices cut by up to Rs 5.05 per litre

POL prices cut by up to Rs 5.05 per litre

The government on Tuesday cut petroleum products' price by up to Rs 5.05 per litre in line with reduction in global oil prices effective from Wednesday (today). The price of petrol has been reduced by Rs 1.70 per litre, High Speed Diesel (HSD) by Rs 3.20
Published 01 Jun, 2011 12:00am
POL prices cut by up to Rs 5.05 per litre

POL prices cut by up to Rs 5.05 per litre

The government on Tuesday cut petroleum products' price by up to Rs 5.05 per litre in line with reduction in global oil prices effective from Wednesday (today). The price of petrol has been reduced by Rs 1.70 per litre, High Speed Diesel (HSD) by Rs 3.20
Published 01 Jun, 2011 12:00am
POL prices cut by up to Rs 5.05 per litre

POL prices cut by up to Rs 5.05 per litre

The government on Tuesday cut petroleum products'' price by up to Rs 5.05 per litre in line with reduction in global oil prices effective from Wednesday (today). The price of petrol has been reduced by Rs 1.70 per litre, High Speed Diesel (HSD) by Rs 3.20
Published 01 Jun, 2011 12:00am
FED on builders' services being abolished

FED on builders' services being abolished

The government has decided to abolish federal excise duty (FED) on services provided by property developers or promoters through Finance Bill 2011-2012, extending a major tax relief to those engaged in property business. Sources told Business Recorder
Published 01 Jun, 2011 12:00am
FED on builders' services being abolished

FED on builders' services being abolished

The government has decided to abolish federal excise duty (FED) on services provided by property developers or promoters through Finance Bill 2011-2012, extending a major tax relief to those engaged in property business. Sources told Business Recorder
Published 01 Jun, 2011 12:00am
FED on builders'' services being abolished

FED on builders'' services being abolished

The government has decided to abolish federal excise duty (FED) on services provided by property developers or promoters through Finance Bill 2011-2012, extending a major tax relief to those engaged in property business. Sources told Business Recorder
Published 01 Jun, 2011 12:00am
Contractors, builders: receipt-based tax system to be reintroduced

Contractors, builders: receipt-based tax system to be reintroduced

The Federal Board of Revenue (FBR) is going to reintroduce receipt-based provisional assessment for the manufacturers, builders and other registered persons falling under section 36 of Income Tax Ordinance, 2001, it is learnt. According to sources, the bu
Published 01 Jun, 2011 12:00am
Contractors, builders: receipt-based tax system to be reintroduced

Contractors, builders: receipt-based tax system to be reintroduced

The Federal Board of Revenue (FBR) is going to reintroduce receipt-based provisional assessment for the manufacturers, builders and other registered persons falling under section 36 of Income Tax Ordinance, 2001, it is learnt. According to sources, the bu
Published 01 Jun, 2011 12:00am
Contractors, builders: receipt-based tax system to be reintroduced

Contractors, builders: receipt-based tax system to be reintroduced

The Federal Board of Revenue (FBR) is going to reintroduce receipt-based provisional assessment for the manufacturers, builders and other registered persons falling under section 36 of Income Tax Ordinance, 2001, it is learnt. According to sources, the bu
Published 01 Jun, 2011 12:00am
Siachen dispute: Pakistan and India to continue dialogue

Siachen dispute: Pakistan and India to continue dialogue

Pakistan and India have agreed to continue dialogue process on Siachen in a meaningful and result-oriented manner, saying the two-day talks "have enhanced understanding" of each other's position on the world's highest militarised glacier.
Published 01 Jun, 2011 12:00am
Siachen dispute: Pakistan and India to continue dialogue

Siachen dispute: Pakistan and India to continue dialogue

Pakistan and India have agreed to continue dialogue process on Siachen in a meaningful and result-oriented manner, saying the two-day talks "have enhanced understanding" of each other's position on the world's highest militarised glacier.
Published 01 Jun, 2011 12:00am
Dams on Indus & Suru: Gilani yet to take action against Ministry

Dams on Indus & Suru: Gilani yet to take action against Ministry

Prime Minister Yousaf Raza Gilani is yet to take action against the Ministry of Water and Power for not objecting at the appropriate time on the Trans-boundary Environment Impact Reports (TEIA) which allowed India to construct two dams--Chutak hydroelectr
Published 01 Jun, 2011 12:00am
Dams on Indus & Suru: Gilani yet to take action against Ministry

Dams on Indus & Suru: Gilani yet to take action against Ministry

Prime Minister Yousaf Raza Gilani is yet to take action against the Ministry of Water and Power for not objecting at the appropriate time on the Trans-boundary Environment Impact Reports (TEIA) which allowed India to construct two dams--Chutak hydroelectr
Published 01 Jun, 2011 12:00am
Dams on Indus & Suru: Gilani yet to take action against Ministry

Dams on Indus & Suru: Gilani yet to take action against Ministry

Prime Minister Yousaf Raza Gilani is yet to take action against the Ministry of Water and Power for not objecting at the appropriate time on the Trans-boundary Environment Impact Reports (TEIA) which allowed India to construct two dams--Chutak hydroelectr
Published 01 Jun, 2011 12:00am
Can FBR collect over Rs 306 billion in one month?

Can FBR collect over Rs 306 billion in one month?

The Federal Board of Revenue (FBR) has, provisionally, collected Rs 1281.612 billion during July-May 2010-11, against the revised target of Rs 1588 billion, reflecting a shortfall of Rs 306.388 billion. Sources told Business Recorder here on Tuesda
Published 01 Jun, 2011 12:00am
Can FBR collect over Rs 306 billion in one month?

Can FBR collect over Rs 306 billion in one month?

The Federal Board of Revenue (FBR) has, provisionally, collected Rs 1281.612 billion during July-May 2010-11, against the revised target of Rs 1588 billion, reflecting a shortfall of Rs 306.388 billion. Sources told Business Recorder here on Tuesda
Published 01 Jun, 2011 12:00am
Can FBR collect over Rs 306 billion in one month?

Can FBR collect over Rs 306 billion in one month?

The Federal Board of Revenue (FBR) has, provisionally, collected Rs 1281.612 billion during July-May 2010-11, against the revised target of Rs 1588 billion, reflecting a shortfall of Rs 306.388 billion. Sources told Business Recorder here on Tuesda
Published 01 Jun, 2011 12:00am
Telecom sector: Rs 95.79 billion irregularities detected

Telecom sector: Rs 95.79 billion irregularities detected

The Auditor General of Pakistan (AGP) has detected embezzlements, irregularities, loss and mismanagement of Rs 95.79 billion in the accounts of Telecommunication Sector. This includes the Rs 1.2 billion procedural violations including internal control wea
Published 01 Jun, 2011 12:00am
Telecom sector: Rs 95.79 billion irregularities detected

Telecom sector: Rs 95.79 billion irregularities detected

The Auditor General of Pakistan (AGP) has detected embezzlements, irregularities, loss and mismanagement of Rs 95.79 billion in the accounts of Telecommunication Sector. This includes the Rs 1.2 billion procedural violations including internal control wea
Published 01 Jun, 2011 12:00am
Telecom sector: Rs 95.79 billion irregularities detected

Telecom sector: Rs 95.79 billion irregularities detected

The Auditor General of Pakistan (AGP) has detected embezzlements, irregularities, loss and mismanagement of Rs 95.79 billion in the accounts of Telecommunication Sector. This includes the Rs 1.2 billion procedural violations including internal control wea
Published 01 Jun, 2011 12:00am
'Technical problem' delayed Merkel plane overflight: Iran

'Technical problem' delayed Merkel plane overflight: Iran

Iran on Tuesday blamed a "technical problem" after its airspace was briefly closed to German Chancellor Angela Merkel's plane as she flew to India, delaying her arrival and sparking a diplomatic row. "The problem affecting the overflight of Iranian airspa
Published 01 Jun, 2011 12:00am
'Technical problem' delayed Merkel plane overflight: Iran

'Technical problem' delayed Merkel plane overflight: Iran

Iran on Tuesday blamed a "technical problem" after its airspace was briefly closed to German Chancellor Angela Merkel's plane as she flew to India, delaying her arrival and sparking a diplomatic row. "The problem affecting the overflight of Iranian airspa
Published 01 Jun, 2011 12:00am
17 percent ST likely on wide range of goods

17 percent ST likely on wide range of goods

The Finance Bill 2011-2012 would impose 17 percent sales tax on a wide range of goods, including computer software, mineral oil, CNG kits, ambulances and agricultural machinery, equipments and implements and CNG buses (fitted with CNG kits) from next fisc
Published 01 Jun, 2011 12:00am
17 percent ST likely on wide range of goods

17 percent ST likely on wide range of goods

The Finance Bill 2011-2012 would impose 17 percent sales tax on a wide range of goods, including computer software, mineral oil, CNG kits, ambulances and agricultural machinery, equipments and implements and CNG buses (fitted with CNG kits) from next fisc
Published 01 Jun, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Jun, 2011 12:00am
17 percent ST likely on wide range of goods

17 percent ST likely on wide range of goods

The Finance Bill 2011-2012 would impose 17 percent sales tax on a wide range of goods, including computer software, mineral oil, CNG kits, ambulances and agricultural machinery, equipments and implements and CNG buses (fitted with CNG kits) from next fisc
Published 01 Jun, 2011 12:00am
Economic Survey puts GDP for fiscal year 2011 at 2.4 percent

Economic Survey puts GDP for fiscal year 2011 at 2.4 percent

The Economic Survey 2010-11 projects the GDP at 2.4 percent in the current fiscal year against the target of 4.5 percent due to devastating flood and ongoing energy crisis. According to the Survey to be released tomorrow (Thursday) the agriculture sector
Published 01 Jun, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Jun, 2011 12:00am
Economic Survey puts GDP for fiscal year 2011 at 2.4 percent

Economic Survey puts GDP for fiscal year 2011 at 2.4 percent

The Economic Survey 2010-11 projects the GDP at 2.4 percent in the current fiscal year against the target of 4.5 percent due to devastating flood and ongoing energy crisis. According to the Survey to be released tomorrow (Thursday) the agriculture sector
Published 01 Jun, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Jun, 2011 12:00am
Economic Survey puts GDP for fiscal year 2011 at 2.4 percent

Economic Survey puts GDP for fiscal year 2011 at 2.4 percent

The Economic Survey 2010-11 projects the GDP at 2.4 percent in the current fiscal year against the target of 4.5 percent due to devastating flood and ongoing energy crisis. According to the Survey to be released tomorrow (Thursday) the agriculture sector
Published 01 Jun, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Jun, 2011 12:00am
Economic Survey puts GDP for fiscal year 2011 at 2.4 percent

Economic Survey puts GDP for fiscal year 2011 at 2.4 percent

The Economic Survey 2010-11 projects the GDP at 2.4 percent in the current fiscal year against the target of 4.5 percent due to devastating flood and ongoing energy crisis. According to the Survey to be released tomorrow (Thursday) the agriculture sector
Published 01 Jun, 2011 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 01 Jun, 2011 12:00am
Hunger crisis worsens, food system broken: Oxfam

Hunger crisis worsens, food system broken: Oxfam

Food prices could double in the next 20 years and demand in 2050 will be 70 percent higher than now, UK charity Oxfam said on Tuesday, warning of worsening hunger as the global food economy stumbles close to breakdown.
Published 01 Jun, 2011 12:00am
Hunger crisis worsens, food system broken: Oxfam

Hunger crisis worsens, food system broken: Oxfam

Food prices could double in the next 20 years and demand in 2050 will be 70 percent higher than now, UK charity Oxfam said on Tuesday, warning of worsening hunger as the global food economy stumbles close to breakdown.
Published 01 Jun, 2011 12:00am
Hunger crisis worsens, food system broken: Oxfam

Hunger crisis worsens, food system broken: Oxfam

Food prices could double in the next 20 years and demand in 2050 will be 70 percent higher than now, UK charity Oxfam said on Tuesday, warning of worsening hunger as the global food economy stumbles close to breakdown.
Published 01 Jun, 2011 12:00am
Index sheds 72.44 points

Index sheds 72.44 points

The KSE-100 index on Tuesday lost 72.44 points to close at 12,123.15 points as the investors maintained cautious stance and preferred to offload their holdings on available margins. Although the opening was slightly positive and the index hit 12,207.17 po
Published 01 Jun, 2011 12:00am
Index sheds 72.44 points

Index sheds 72.44 points

The KSE-100 index on Tuesday lost 72.44 points to close at 12,123.15 points as the investors maintained cautious stance and preferred to offload their holdings on available margins. Although the opening was slightly positive and the index hit 12,207.17 po
Published 01 Jun, 2011 12:00am
Index sheds 72.44 points

Index sheds 72.44 points

The KSE-100 index on Tuesday lost 72.44 points to close at 12,123.15 points as the investors maintained cautious stance and preferred to offload their holdings on available margins. Although the opening was slightly positive and the index hit 12,207.17 po
Published 01 Jun, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 31, 2011).

Published 01 Jun, 2011 12:00am
BRIndex30 down 47.44 points

BRIndex30 down 47.44 points

On Tuesday, the BRIndex30 opened at 8,835.64 points. It touched the intra-day high of 8,849.15 points and low of 8,784.77 points and closed at 8,788.20 points with a net negative change of -47.44 points or -0.54 percent lower than previous close.
Published 01 Jun, 2011 12:00am
BRIndex30 down 47.44 points

BRIndex30 down 47.44 points

On Tuesday, the BRIndex30 opened at 8,835.64 points. It touched the intra-day high of 8,849.15 points and low of 8,784.77 points and closed at 8,788.20 points with a net negative change of -47.44 points or -0.54 percent lower than previous close.
Published 01 Jun, 2011 12:00am
LSE index loses 24.81 points

LSE index loses 24.81 points

Bearish sentiment was observed on Lahore Stock Exchange on Tuesday and the equities maintained downward slide amid increased trading turnover due to selling pressure. The LSE-25 index lost 24.81 points to close at 3273.95 points against 3298.76 points of
Published 01 Jun, 2011 12:00am
LSE index loses 24.81 points

LSE index loses 24.81 points

Bearish sentiment was observed on Lahore Stock Exchange on Tuesday and the equities maintained downward slide amid increased trading turnover due to selling pressure. The LSE-25 index lost 24.81 points to close at 3273.95 points against 3298.76 points of
Published 01 Jun, 2011 12:00am
ISE index gains 3.13 points

ISE index gains 3.13 points

Equities moved both ways at Islamabad Stock Exchange (ISE) on Tuesday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 3.13 points from 2,747.01 points to 2,750.14 points. Turnover amounted to 232,600
Published 01 Jun, 2011 12:00am
ISE index gains 3.13 points

ISE index gains 3.13 points

Equities moved both ways at Islamabad Stock Exchange (ISE) on Tuesday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 3.13 points from 2,747.01 points to 2,750.14 points. Turnover amounted to 232,600
Published 01 Jun, 2011 12:00am
Nato risks becoming 'occupying force': Karzai

Nato risks becoming 'occupying force': Karzai

Afghan President Hamid Karzai warned Tuesday that the US-led foreign military in Afghanistan risks becoming an "occupying force" if air strikes continue to cause civilian casualties. In some of his strongest remarks yet, Karzai harked back to Afghanistan'
Published 01 Jun, 2011 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

Two-way movement was again witnessed on the currency market on Tuesday in process of trading, money experts said. The rupee drifted lower against dollar, losing 12 paisa for buying at 85.88 and 85.93, they said.
Published 01 Jun, 2011 12:00am
Nato risks becoming 'occupying force': Karzai

Nato risks becoming 'occupying force': Karzai

Afghan President Hamid Karzai warned Tuesday that the US-led foreign military in Afghanistan risks becoming an "occupying force" if air strikes continue to cause civilian casualties. In some of his strongest remarks yet, Karzai harked back to Afghanistan'
Published 01 Jun, 2011 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

Two-way movement was again witnessed on the currency market on Tuesday in process of trading, money experts said. The rupee drifted lower against dollar, losing 12 paisa for buying at 85.88 and 85.93, they said.
Published 01 Jun, 2011 12:00am
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