BR100 Decreased By (-0.23%)
BR30 Decreased By (-0.01%)
KSE100 Decreased By (-0.19%)
KSE30 Decreased By (-0.24%)
AGHA 7.74 Increased By ▲ 0.05 (0.65%)
BECO 5.29 Decreased By ▼ -0.02 (-0.38%)
BML 60.01 Decreased By ▼ -1.22 (-1.99%)
BOP 36.46 Increased By ▲ 0.46 (1.28%)
CNERGY 11.94 Increased By ▲ 0.69 (6.13%)
CSIL 6.17 No Change ▼ 0.00 (0%)
FCCL 57.36 Increased By ▲ 0.48 (0.84%)
FFL 16.58 Increased By ▲ 0.07 (0.42%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.32 Decreased By ▼ -0.10 (-1.35%)
KOSM 6.05 No Change ▼ 0.00 (0%)
LOTCHEM 27.14 Decreased By ▼ -0.06 (-0.22%)
MLCF 102.07 Decreased By ▼ -1.02 (-0.99%)
NBP 206.35 Decreased By ▼ -1.28 (-0.62%)
NCPL 62.62 Increased By ▲ 0.70 (1.13%)
NPL 71.98 Decreased By ▼ -0.20 (-0.28%)
OGDC 319.19 Increased By ▲ 0.70 (0.22%)
PACE 11.38 Increased By ▲ 0.32 (2.89%)
PAEL 43.88 Decreased By ▼ -0.50 (-1.13%)
PIBTL 16.84 Decreased By ▼ -0.06 (-0.36%)
PPL 221.55 Decreased By ▼ -0.93 (-0.42%)
PRL 63.75 Decreased By ▼ -0.06 (-0.09%)
PTC 72.41 Decreased By ▼ -0.75 (-1.03%)
SSGC 27.28 Increased By ▲ 0.03 (0.11%)
TBL 9.86 Decreased By ▼ -0.02 (-0.2%)
TELE 8.62 Decreased By ▼ -0.19 (-2.16%)
TPL 20.68 Increased By ▲ 0.34 (1.67%)
TPLP 14.98 Increased By ▲ 0.01 (0.07%)
TREET 24.10 No Change ▼ 0.00 (0%)
TRG 63.29 Increased By ▲ 0.92 (1.48%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-06-23
Obama's drawdown launches Afghan endgame
Top News

Obama's drawdown launches Afghan endgame

WASHINGTON : President Barack Obama's decision to bring 33,000 US surge troops home from Afghanistan by next summer was
Published 23 Jun, 2011 12:55pm
LPG prices to be brought down
Markets

LPG prices to be brought down

ISLAMABAD : Minister for Petroleum and Natural Resources Dr.Asim Hussain said on Thursday that government would bring do
Published 23 Jun, 2011 11:16am
AirAsia rules Paris with record order
Top News

AirAsia rules Paris with record order

LE BOURGET: AirAsia thundered into the Paris Air Show with a record order for 200 revamped A320neo jets on Thursday -- a
Published 23 Jun, 2011 11:15am
Supplementary Grants in manageable range
Top News

Supplementary Grants in manageable range

ISLAMABAD : Finance Minister Dr. Abdul Hafeez Shaikh told the National Assembly Supplementary Grants of Rs. 387 billion
Published 23 Jun, 2011 10:50am
Gilani directs envoys to seek investment
Top News

Gilani directs envoys to seek investment

ISLAMABAD : Prime Minister Syed Yusuf Raza Gilani on Thursday directed Pakistan 's envoys to focus their energies for p
Published 23 Jun, 2011 10:27am
Kuwait's premier survives
Middle East

Kuwait's premier survives

KUWAIT : Kuwait 's prime minister survived a no-confidence vote against him in parliament on Thursday, according to a m
Published 23 Jun, 2011 10:10am
JGBs firm on tight supply
Financial

JGBs firm on tight supply

TOKYO : Japanese government bonds were firm on Thursday, supported by uncertainty over Greece 's debt woes and signs of
Published 23 Jun, 2011 09:50am
Turkey bond yield high
Managed Funds

Turkey bond yield high

ISTANBUL: Turkey's benchmark bond yield rose to a 13-month high ahead of the central bank's rate-setting meeting on Thur
Published 23 Jun, 2011 09:28am
France announces Afghan troop withdrawal
Top News

France announces Afghan troop withdrawal

PARIS : France will carry out a progressive pullback of its forces in Afghanistan, with a timetable similar to that anno
Published 23 Jun, 2011 08:34am
Oil prices down in Asia
Energy

Oil prices down in Asia

SINGAPORE : Oil prices dropped in Asian trade Thursday as investors took profits from an overnight rally powered by stre
Published 23 Jun, 2011 08:27am
Ophir Energy offers shares
Financial

Ophir Energy offers shares

LONDON : Oil and Gas Company Ophir Energy has set a price range of 250-280 pence per share for its London market debut
Published 23 Jun, 2011 08:21am
Slow growth in private sector
Top News

Slow growth in private sector

LONDON : The euro zone's private sector saw fairly tepid growth this month and without the support of Germany and Fra
Published 23 Jun, 2011 08:02am
Japan shares down 0.37pc
Financial

Japan shares down 0.37pc

TOKYO : Japanese shares lost 0.37 percent on Thursday morning after the Federal Reserve's downbeat assessment of the US
Published 23 Jun, 2011 07:50am
China to open high speed rail
Asia

China to open high speed rail

BEIJING : China 's much-anticipated high-speed rail link between Beijing and Shanghai will go into service on July
Published 23 Jun, 2011 07:19am
Qadhafi 'back to the wall'
Top News

Qadhafi 'back to the wall'

TRIPOLI : Libyan leader Moamer Qadhafi issued a defiant audio message saying he had his "back to the wall" but did not f
Published 23 Jun, 2011 06:52am
Nissan net profit to fall 15pc
Top News

Nissan net profit to fall 15pc

TOKYO : Japan 's second-biggest automaker Nissan on Thursday said it expected annual net profit to fall 15 percent on-y
Published 23 Jun, 2011 06:21am
Forex stand at $17.523bn
Top News

Forex stand at $17.523bn

KARACHI: The foreign exchange reserves of the country stood at around $17.523 billion compared to $17.517 billion the pr
Published 23 Jun, 2011 05:35am
US jobless claims rise
Top News

US jobless claims rise

WASHINGTON: New claims for US unemployment benefits unexpectedly climbed last week as the struggling economic recovery l
Published 23 Jun, 2011 05:34am
Fiscal mis-coordination
BR Research

Fiscal mis-coordination

In their annual display of mistrust, the provinces have managed to post a joint-deficit of Rs5.59 billion against a joint-surplus of Rs125 b
Published 23 Jun, 2011 12:00am
US brand hegemony slipping
BR Research

US brand hegemony slipping

Just as a slowdown in economic activity in the United States has had devastating effects on the worlds economies; the perceived value of the
Published 23 Jun, 2011 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan shares ended 0.27 percent higher on Wednesday, with biotech counters the top gainers after the government said it planned to invest around $840 million to foster the local industry. The main TAIEX index was up 23.42 points at 8,621.04, after openin
Published 23 Jun, 2011 12:00am
China stocks edge up, Hong Kong flat

China stocks edge up, Hong Kong flat

Hong Kong shares ended little changed on Wednesday as a cash crunch in the Chinese financial system kept mainland bank stocks under pressure, erasing early gains, with further losses seen possible in the short term. The benchmark Hang Seng Index has decli
Published 23 Jun, 2011 12:00am
Indian shares slip

Indian shares slip

Indian shares erased early gains and slipped 0.1 percent on Wednesday, hurt by foreign fund outflows as rising borrowing costs and stubborn inflation chipped away investor confidence, leading to a bleak near-term outlook. Weak European shares, ahead of a
Published 23 Jun, 2011 12:00am
Southeast Asian markets retreat

Southeast Asian markets retreat

Some Southeast Asian stock markets retreated on Wednesday in cautious trade ahead of a US Federal Reserve meeting and resource shares pulled back due to volatility in global oil prices. The markets climbed to multi-week highs at one point, albeit in relat
Published 23 Jun, 2011 12:00am
Treasuries decline

Treasuries decline

Traders will be looking to the Federal Reserve's post-meeting news conference on Wednesday for clues about its handling of the slowdown in the economic recovery and what it will mean for US rates. Volume in the Treasury market was thin on Tuesday before a
Published 23 Jun, 2011 12:00am
Treasuries decline

Treasuries decline

Traders will be looking to the Federal Reserve's post-meeting news conference on Wednesday for clues about its handling of the slowdown in the economic recovery and what it will mean for US rates. Volume in the Treasury market was thin on Tuesday before a
Published 23 Jun, 2011 12:00am
US stocks post gains to fourth day

US stocks post gains to fourth day

US stocks posted gains for the fourth day on Tuesday on growing hopes that Greece will avoid a debt default, adding momentum to the market's recent rebound. The Nasdaq had its biggest percentage gain since October, while the S&P 500 marked its best day in
Published 23 Jun, 2011 12:00am
Wednesday's early trade: Wall Street flat

Wednesday's early trade: Wall Street flat

US stocks traded flat to slightly higher on Wednesday after the Federal Reserve acknowledged the sluggish pace of the US economic recovery, but provided no clues about any additional plans for stimulus measures. The Dow Jones Transportation average gained
Published 23 Jun, 2011 12:00am
Nikkei hits three-week high

Nikkei hits three-week high

The Nikkei stock average climbed 1.8 percent on Wednesday, hitting a three-week high as short-covering kicked in after Greece's government survived a confidence vote crucial to avoiding default, with recent decliners such as Sony Corp scoring big gains.
Published 23 Jun, 2011 12:00am
Seoul shares rise

Seoul shares rise

Seoul shares rose on Wednesday on growing hopes Greece would avoid a debt default, with firm gains in crude oil refiners and chemical issues including SK Innovation and LG Chem further boosting the market. The Korea Composite Stock Price Index ended up 0.
Published 23 Jun, 2011 12:00am
Middle East markets: Dubai index falls

Middle East markets: Dubai index falls

Dubai's index fell on Wednesday after MSCI delayed its decision on a possible index upgrade for the UAE and Qatar, as most regional markets ended flat. Dubai's benchmark fell 1.8 percent, its largest one-day decline since May 23, after index compiler MSCI
Published 23 Jun, 2011 12:00am
China allows yuan investment

China allows yuan investment

China has formalised rules allowing foreign firms to use yuan raised overseas to make investments in the country, a report said Wednesday, as part of moves by Beijing to internationalise its currency. A trial scheme will permit overseas companies to use y
Published 23 Jun, 2011 12:00am
Geithner defends small business loan fund

Geithner defends small business loan fund

US Treasury Secretary Timothy Geithner defended the Obama administration's initiative to aid small business lending on Wednesday, blaming delays in disbursing capital to banks on a cautious approach by regulators. Geithner, testifying before the US House
Published 23 Jun, 2011 12:00am
JMP cuts profit outlook for large US banks

JMP cuts profit outlook for large US banks

JMP Securities slashed its second-quarter earnings outlook on three universal banks - J.P. Morgan, Bank of America and Citigroup - citing weaker-than-expected trading in a "sputtering" US economy and on challenges posed by Europe's debt crisis. The broker
Published 23 Jun, 2011 12:00am
JMP cuts profit outlook for large US banks

JMP cuts profit outlook for large US banks

JMP Securities slashed its second-quarter earnings outlook on three universal banks - J.P. Morgan, Bank of America and Citigroup - citing weaker-than-expected trading in a "sputtering" US economy and on challenges posed by Europe's debt crisis. The broker
Published 23 Jun, 2011 12:00am
Rolls-Royce, Qantas reach A380 engine settlement: Airbus orders pile up

Rolls-Royce, Qantas reach A380 engine settlement: Airbus orders pile up

Airbus put on a show of force at the Paris Air Show on Wednesday, securing a $16 billion deal for 180 aircraft from India's IndiGo and saying more deals were near, leaving rival Boeing in the shade. The European planemaker, a unit of EADS, is expected to
Published 23 Jun, 2011 12:00am
SEC expands private fund oversight

SEC expands private fund oversight

US regulators expanded their oversight of the roughly $2 trillion hedge fund industry as a divided US Securities and Exchange Commission voted to require private fund advisers to register with the agency. The new rules, mandated by the Dodd-Frank Wall Str
Published 23 Jun, 2011 12:00am
SEC expands private fund oversight

SEC expands private fund oversight

US regulators expanded their oversight of the roughly $2 trillion hedge fund industry as a divided US Securities and Exchange Commission voted to require private fund advisers to register with the agency. The new rules, mandated by the Dodd-Frank Wall Str
Published 23 Jun, 2011 12:00am
FedEx profit jumps

FedEx profit jumps

FedEx Corp's quarterly profit and outlook beat forecasts as higher shipping rates and tight cost controls more than offset a slowing economic recovery and high fuel prices. The company will be spending more on technology and on fuel efficient aircraft, he
Published 23 Jun, 2011 12:00am
FedEx profit jumps

FedEx profit jumps

FedEx Corp's quarterly profit and outlook beat forecasts as higher shipping rates and tight cost controls more than offset a slowing economic recovery and high fuel prices. The company will be spending more on technology and on fuel efficient aircraft, he
Published 23 Jun, 2011 12:00am
Spain's 'indignant' rally at parliament

Spain's 'indignant' rally at parliament

About 200 of Spain's "indignant" activists rallied near the Spanish parliament Wednesday after camping out overnight to protest plans to overhaul workers' collective bargaining rights. Two rows of police vans and uniformed officers blocked access to the s
Published 23 Jun, 2011 12:00am
Eurozone orders up

Eurozone orders up

Eurozone industrial new orders rose less than expected in April, data showed, pointing to slower economic growth in the second quarter, but economists said it was unlikely to stop the next ECB interest rate rise. The European Union's statistics office Eur
Published 23 Jun, 2011 12:00am
Europe keeps pressure on Greece

Europe keeps pressure on Greece

Europe kept the pressure on Greece to push forward with a painful austerity programme on Wednesday after Athens cleared the first hurdle in avoiding a sovereign default. European leaders congratulated Prime Minister George Papandreou on surviving a confid
Published 23 Jun, 2011 12:00am
Russia and EU sign deal to end vegetable trade ban

Russia and EU sign deal to end vegetable trade ban

Russia and the European Union signed a deal agreeing conditions for the resumption of EU fresh vegetable imports to Russia, which banned them because of a deadly E.coli outbreak, both sides said on Wednesday.
Published 23 Jun, 2011 12:00am
Asia surpasses Europe in ranks of millionaires and wealth

Asia surpasses Europe in ranks of millionaires and wealth

The ranks of millionaires in Asia for the first time surpassed Europe and in a few years are expected to overtake the United States, according to the latest annual Merrill Lynch-Capgemini World Wealth Report. Powered by fast-growing China and India, the A
Published 23 Jun, 2011 12:00am
Struggling Nokia revamps operations

Struggling Nokia revamps operations

Ailing Finnish cellphone maker Nokia Oyj is revamping its business to bolster location-based services as it tries to gain profitability and compete more effectively against rivals such as Apple Inc Nokia said on Wednesday it would incorporate Navteq, an i
Published 23 Jun, 2011 12:00am
Bangladesh's poverty declines to 31.5 percent

Bangladesh's poverty declines to 31.5 percent

Bangladesh has reduced poverty levels significantly over the past five years despite global economic shocks and natural calamities. "The national poverty headcount rate in Bangladesh has declined to 31.5 percent in 2010 from 40 percent in 2005," a joint s
Published 23 Jun, 2011 12:00am
Japan may set aside 2 trillion yen for Tepco special bond

Japan may set aside 2 trillion yen for Tepco special bond

Japan's government is considering setting up a framework in its next extra budget to issue 2 trillion yen ($25 billion) in special-purpose bonds to help troubled Tokyo Electric Power Co compensate victims of the nuclear crisis at its Fukushima plant, the
Published 23 Jun, 2011 12:00am
Japan may set aside 2 trillion yen for Tepco special bond

Japan may set aside 2 trillion yen for Tepco special bond

Japan's government is considering setting up a framework in its next extra budget to issue 2 trillion yen ($25 billion) in special-purpose bonds to help troubled Tokyo Electric Power Co compensate victims of the nuclear crisis at its Fukushima plant, the
Published 23 Jun, 2011 12:00am
Grams prices up sharply on grain market

Grams prices up sharply on grain market

Sharp rise was seen in the prices of grams on the wholesale grain market on Wednesday in process of trading, dealers said. On the cereal side wheat old bardan and new bardan extended gains, rising by Rs 25 to Rs 2600-2615. Makai was quoted lower at Rs 237
Published 23 Jun, 2011 12:00am
Oil cake market rates

Oil cake market rates

No change was seen on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The July contract that had closed at 1424.40 opened with no variation at Rs 1424.40. The December vaida Which ended at Rs 1314.80 and showed no c
Published 23 Jun, 2011 12:00am
Rain helps EU wheat but crops still down on year

Rain helps EU wheat but crops still down on year

Rain continues to help west European wheat plants recover from a spring drought but harvests in the top two producers France and Germany will still be down on the year, analysts and traders said on Tuesday. "West Europe is moving well away from the disast
Published 23 Jun, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 174,689 tonnes of cargo including 107,525 tonnes of import cargo, 67,164 tonnes of export cargo and 5,606 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 107,525 tonnes co
Published 23 Jun, 2011 12:00am
Palm oil prices to fall

Palm oil prices to fall

Palm oil prices in the coming year might fall about 9 percent from their average in the last 12 months as global palm output is expected to rise sharply, Hamburg-based oilseeds analysts Oil World said on Tuesday. Palm stocks in Malaysia, the world's No 2
Published 23 Jun, 2011 12:00am
HRW wheat bids steady

HRW wheat bids steady

Hard red winter wheat basis bids held steady Wednesday, while lower and mid-level protein wheat supplies were noted drawing good demand. The ample supplies of high protein seen in the new crop helped push down premiums for higher levels, while premiums fo
Published 23 Jun, 2011 12:00am
FAO cuts 2011 world grain output view, sees high prices

FAO cuts 2011 world grain output view, sees high prices

World cereals output in 2011 will be lower than expected with adverse weather hitting European and US crops, while output will undershoot consumption this year keeping prices volatile, the UN's food agency said on Tuesday.
Published 23 Jun, 2011 12:00am
Ukraine weather forecaster sees grain crop rising

Ukraine weather forecaster sees grain crop rising

Ukraine's grain harvest is set to rise to 42.5-44.5 million tonnes this year from 39.2 million tonnes in 2010, Mykola Kulbida, the head of the country's weather forecasting centre, said on Wednesday. He said the harvest was likely to include 18-19 million
Published 23 Jun, 2011 12:00am
Lubricants in Pakistan

Lubricants in Pakistan

Pakistan is a very lucrative and vibrant market for lubricant producers as the consumption patterns have been on a steady high in the recent past - especially because of the ever growing number of vehicles and the massive demand of power generators in Pak
Published 23 Jun, 2011 12:00am
Mobil 1: World's leading synthetic motor oil brand

Mobil 1: World's leading synthetic motor oil brand

WHAT IS MOBIL 1? Mobil 1 is the World's leading Synthetic Engine Oil. It's a fully synthetic lubricant with a unique formulation that offers an unsurpassed level of engine protection. The combination of synthetic fluids and selected additives deliver opti
Published 23 Jun, 2011 12:00am
MAL Pakistan Limited

MAL Pakistan Limited

MAL Pakistan Ltd (formerly Mobil Askari Lubricants Ltd) launched the world-renowned Mobil brand products in a wide range of lubricants for Automotive and Industrial use in the country in December 1996. The Company also has the exclusive right to import an
Published 23 Jun, 2011 12:00am
New York cotton

New York cotton

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

Published 23 Jun, 2011 12:00am
New York cotton

New York cotton

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

Published 23 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 23 Jun, 2011 12:00am
Fed cuts GDP forecast; holds rates

Fed cuts GDP forecast; holds rates

The Federal Reserve on Wednesday cut its forecasts for US economic growth, but offered no hint of further monetary support, saying growth should pick up soon. In quarterly projections released at the end of a two-day policy meeting, the central bank diall
Published 23 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 23 Jun, 2011 12:00am
Fed cuts GDP forecast; holds rates

Fed cuts GDP forecast; holds rates

The Federal Reserve on Wednesday cut its forecasts for US economic growth, but offered no hint of further monetary support, saying growth should pick up soon. In quarterly projections released at the end of a two-day policy meeting, the central bank diall
Published 23 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 Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
Fed cuts GDP forecast; holds rates

Fed cuts GDP forecast; holds rates

The Federal Reserve on Wednesday cut its forecasts for US economic growth, but offered no hint of further monetary support, saying growth should pick up soon. In quarterly projections released at the end of a two-day policy meeting, the central bank diall
Published 23 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 Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
Pakistan pledges over three dozen CIA visas

Pakistan pledges over three dozen CIA visas

Pakistan has pledged to grant more than three dozen visas to CIA officers as part of confidence-building measures following the US raid that killed al Qaida chief Osama bin Laden and humiliated Pakistan, officials from both countries said Wednesday, but t
Published 23 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 Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
Pakistan pledges over three dozen CIA visas

Pakistan pledges over three dozen CIA visas

Pakistan has pledged to grant more than three dozen visas to CIA officers as part of confidence-building measures following the US raid that killed al Qaida chief Osama bin Laden and humiliated Pakistan, officials from both countries said Wednesday, but t
Published 23 Jun, 2011 12:00am
Obama telephones Zardari

Obama telephones Zardari

Pakistan and the United States agreed to take steps to repair ties as US President Barack Obama telephoned President Asif Ali Zardari on Wednesday, Islamabad said. Relations between the two countries, wary at the best of times, deteriorated sharply after
Published 23 Jun, 2011 12:00am
Obama telephones Zardari

Obama telephones Zardari

Pakistan and the United States agreed to take steps to repair ties as US President Barack Obama telephoned President Asif Ali Zardari on Wednesday, Islamabad said. Relations between the two countries, wary at the best of times, deteriorated sharply after
Published 23 Jun, 2011 12:00am
US President to claim success for Afghan surge

US President to claim success for Afghan surge

President Barack Obama will argue Wednesday his Afghan war surge strategy has forged substantial progress and a "position of strength" which allows thousands of US troops to come home, officials said. In a primetime speech to a war-weary US public, Obama
Published 23 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 Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
US President to claim success for Afghan surge

US President to claim success for Afghan surge

President Barack Obama will argue Wednesday his Afghan war surge strategy has forged substantial progress and a "position of strength" which allows thousands of US troops to come home, officials said. In a primetime speech to a war-weary US public, Obama
Published 23 Jun, 2011 12:00am
MFN status to India: government, traders on the same page

MFN status to India: government, traders on the same page

The government and business community are on the same page with regard to expansion of trade with India, in addition to granting the Most Favoured Nation (MFN) status and removal of non-tariff barriers. This is the crux of the poorly attended Advisory Cou
Published 23 Jun, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
MFN status to India: government, traders on the same page

MFN status to India: government, traders on the same page

The government and business community are on the same page with regard to expansion of trade with India, in addition to granting the Most Favoured Nation (MFN) status and removal of non-tariff barriers. This is the crux of the poorly attended Advisory Cou
Published 23 Jun, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
MFN status to India: government, traders on the same page

MFN status to India: government, traders on the same page

The government and business community are on the same page with regard to expansion of trade with India, in addition to granting the Most Favoured Nation (MFN) status and removal of non-tariff barriers. This is the crux of the poorly attended Advisory Cou
Published 23 Jun, 2011 12:00am
Indo-Pak foreign secretaries meeting today

Indo-Pak foreign secretaries meeting today

The foreign secretaries of Pakistan and India will meet here today (Thursday) to formally begin peace talks. The talks to be held on June 23-24 are being considered important in which Foreign Secretary Salman Bashir would discuss with his Indian counterpa
Published 23 Jun, 2011 12:00am
Indo-Pak foreign secretaries meeting today

Indo-Pak foreign secretaries meeting today

The foreign secretaries of Pakistan and India will meet here today (Thursday) to formally begin peace talks. The talks to be held on June 23-24 are being considered important in which Foreign Secretary Salman Bashir would discuss with his Indian counterpa
Published 23 Jun, 2011 12:00am
Service deficit rises to $1.7 billion

Service deficit rises to $1.7 billion

The country's services sector trade posted a deficit of 1.7 billion dollars, up 21 percent, during the eleven months of current fiscal year, mainly due to high imports and slowdown in exports. The State Bank of Pakistan has stated that services sector tra
Published 23 Jun, 2011 12:00am
Service deficit rises to $1.7 billion

Service deficit rises to $1.7 billion

The country's services sector trade posted a deficit of 1.7 billion dollars, up 21 percent, during the eleven months of current fiscal year, mainly due to high imports and slowdown in exports. The State Bank of Pakistan has stated that services sector tra
Published 23 Jun, 2011 12:00am
Service deficit rises to $1.7 billion

Service deficit rises to $1.7 billion

The country''s services sector trade posted a deficit of 1.7 billion dollars, up 21 percent, during the eleven months of current fiscal year, mainly due to high imports and slowdown in exports. The State Bank of Pakistan has stated that services sector tr
Published 23 Jun, 2011 12:00am
Six heads of state to attend Iran conference

Six heads of state to attend Iran conference

Six heads of state, including those of Afghanistan, Iraq and Pakistan, are to attend a two-day "anti-terrorism conference" hosted by Iran, Foreign Minister Ali Akbar Salehi said on Wednesday. "The international conference on combating terrorism will comme
Published 23 Jun, 2011 12:00am
Six heads of state to attend Iran conference

Six heads of state to attend Iran conference

Six heads of state, including those of Afghanistan, Iraq and Pakistan, are to attend a two-day "anti-terrorism conference" hosted by Iran, Foreign Minister Ali Akbar Salehi said on Wednesday. "The international conference on combating terrorism will comme
Published 23 Jun, 2011 12:00am
Index gains 43.27 points

Index gains 43.27 points

A positive trend continued on Wednesday and the KSE-100 index gained 43.27 points to close at 12,369.41 points. The market opened on a positive note and the index hit 12,409.35 points intra-day high level. However, the momentum could not continue due to p
Published 23 Jun, 2011 12:00am
Index gains 43.27 points

Index gains 43.27 points

A positive trend continued on Wednesday and the KSE-100 index gained 43.27 points to close at 12,369.41 points. The market opened on a positive note and the index hit 12,409.35 points intra-day high level. However, the momentum could not continue due to p
Published 23 Jun, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
Index gains 43.27 points

Index gains 43.27 points

A positive trend continued on Wednesday and the KSE-100 index gained 43.27 points to close at 12,369.41 points. The market opened on a positive note and the index hit 12,409.35 points intra-day high level. However, the momentum could not continue due to p
Published 23 Jun, 2011 12:00am
BRIndex30 up 48.14 points

BRIndex30 up 48.14 points

On Wednesday, the BRIndex30 opened at 8,640.68 points and remained in positive for almost whole of the trading time except for a short-term entry in red in the first few minutes after market opening. It touched the intra-day high of 8,759.10 points and lo
Published 23 Jun, 2011 12:00am
BRIndex30 up 48.14 points

BRIndex30 up 48.14 points

On Wednesday, the BRIndex30 opened at 8,640.68 points and remained in positive for almost whole of the trading time except for a short-term entry in red in the first few minutes after market opening. It touched the intra-day high of 8,759.10 points and lo
Published 23 Jun, 2011 12:00am
Finance Bill 2011 approved by National Assembly

Finance Bill 2011 approved by National Assembly

The National Assembly on Wednesday approved Finance Bill 2011 after amendments to certain laws such as bringing down GST to 16 percent from 17, abolishing 2.5 percent special excise duty and allowing five-year tax credit to investors intending to set up i
Published 23 Jun, 2011 12:00am
Finance Bill 2011 approved by National Assembly

Finance Bill 2011 approved by National Assembly

The National Assembly on Wednesday approved Finance Bill 2011 after amendments to certain laws such as bringing down GST to 16 percent from 17, abolishing 2.5 percent special excise duty and allowing five-year tax credit to investors intending to set up i
Published 23 Jun, 2011 12:00am
Finance Bill 2011 approved by National Assembly

Finance Bill 2011 approved by National Assembly

The National Assembly on Wednesday approved Finance Bill 2011 after amendments to certain laws such as bringing down GST to 16 percent from 17, abolishing 2.5 percent special excise duty and allowing five-year tax credit to investors intending to set up i
Published 23 Jun, 2011 12:00am
Finance Bill 2011 approved by National Assembly

Finance Bill 2011 approved by National Assembly

The National Assembly on Wednesday approved Finance Bill 2011 after amendments to certain laws such as bringing down GST to 16 percent from 17, abolishing 2.5 percent special excise duty and allowing five-year tax credit to investors intending to set up i
Published 23 Jun, 2011 12:00am
National Assembly rejects amendments proposed by opposition

National Assembly rejects amendments proposed by opposition

The National Assembly on Wednesday rejected two major amendments by opposition in Finance Bill 2011 in respect of enhancement in the rate of income tax on banking companies from 35 to 40 percent and raising the basic income tax exemption limit of salaried
Published 23 Jun, 2011 12:00am
National Assembly rejects amendments proposed by opposition

National Assembly rejects amendments proposed by opposition

The National Assembly on Wednesday rejected two major amendments by opposition in Finance Bill 2011 in respect of enhancement in the rate of income tax on banking companies from 35 to 40 percent and raising the basic income tax exemption limit of salaried
Published 23 Jun, 2011 12:00am
National Assembly rejects amendments proposed by opposition

National Assembly rejects amendments proposed by opposition

The National Assembly on Wednesday rejected two major amendments by opposition in Finance Bill 2011 in respect of enhancement in the rate of income tax on banking companies from 35 to 40 percent and raising the basic income tax exemption limit of salaried
Published 23 Jun, 2011 12:00am
Alleged links to banned outfit: four majors under investigation: ISPR

Alleged links to banned outfit: four majors under investigation: ISPR

Army said Wednesday that four more officers were being investigated on suspicion of links to banned Hizb ut-Tahrir. Military spokesman Major General Athar Abbas told AFP that the majors were not under arrest. On Wednesday, the army confirmed that a servin
Published 23 Jun, 2011 12:00am
Alleged links to banned outfit: four majors under investigation: ISPR

Alleged links to banned outfit: four majors under investigation: ISPR

Army said Wednesday that four more officers were being investigated on suspicion of links to banned Hizb ut-Tahrir. Military spokesman Major General Athar Abbas told AFP that the majors were not under arrest. On Wednesday, the army confirmed that a servin
Published 23 Jun, 2011 12:00am
Fiscal consolidation to ensure resumption of IMF SBA: World Bank report

Fiscal consolidation to ensure resumption of IMF SBA: World Bank report

Satisfactory expenditure containment and revenue collection from recent measures for fiscal consolidation, and a solid Finance Bill 2011 could pave the way for resumption of SBA or opening talks for a new IMF programme in the next fiscal year. The budget
Published 23 Jun, 2011 12:00am
Fiscal consolidation to ensure resumption of IMF SBA: World Bank report

Fiscal consolidation to ensure resumption of IMF SBA: World Bank report

Satisfactory expenditure containment and revenue collection from recent measures for fiscal consolidation, and a solid Finance Bill 2011 could pave the way for resumption of SBA or opening talks for a new IMF programme in the next fiscal year. The budget
Published 23 Jun, 2011 12:00am
Fiscal consolidation to ensure resumption of IMF SBA: World Bank report

Fiscal consolidation to ensure resumption of IMF SBA: World Bank report

Satisfactory expenditure containment and revenue collection from recent measures for fiscal consolidation, and a solid Finance Bill 2011 could pave the way for resumption of SBA or opening talks for a new IMF programme in the next fiscal year. The budget
Published 23 Jun, 2011 12:00am
Sarkozy urges G20 tackle speculation to ensure food security

Sarkozy urges G20 tackle speculation to ensure food security

French President Nicolas Sarkozy on Wednesday urged the world's top economies to ensure food security by eliminating speculative price spikes as high costs are again hitting consumers and fuelling unrest. "By addressing the volatility of agricultural mark
Published 23 Jun, 2011 12:00am
LSE index gains 5.08 points

LSE index gains 5.08 points

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Wednesday where equities moved both the ways and finally settled in green zone amid descending transaction volume. The LSE-22 index was marginally improved by 5.08 points and was closed at 3
Published 23 Jun, 2011 12:00am
LSE index gains 5.08 points

LSE index gains 5.08 points

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Wednesday where equities moved both the ways and finally settled in green zone amid descending transaction volume. The LSE-22 index was marginally improved by 5.08 points and was closed at 3
Published 23 Jun, 2011 12:00am
Mixed trend on ISE

Mixed trend on ISE

Mixed trend was witnessed at Islamabad Stock Exchange (ISE) on Wednesday where equities showed normal business amid marginal increase in index. ISE-10 Index was up by 0.23 points from 2,758.29 points to 2,758.06 points. Turnover amounted to 51,675 shares
Published 23 Jun, 2011 12:00am
Mixed trend on ISE

Mixed trend on ISE

Mixed trend was witnessed at Islamabad Stock Exchange (ISE) on Wednesday where equities showed normal business amid marginal increase in index. ISE-10 Index was up by 0.23 points from 2,758.29 points to 2,758.06 points. Turnover amounted to 51,675 shares
Published 23 Jun, 2011 12:00am
Bin Laden's widow to return to Yemen: brother

Bin Laden's widow to return to Yemen: brother

The youngest widow of al Qaeda chief Osama bin Laden will return home to Yemen from Pakistan in the coming days, her brother said Wednesday. Amal Abdulfattah's family was informed by "the foreign ministries of Yemen and Pakistan of plans concerning the re
Published 23 Jun, 2011 12:00am
Bin Laden's widow to return to Yemen: brother

Bin Laden's widow to return to Yemen: brother

The youngest widow of al Qaeda chief Osama bin Laden will return home to Yemen from Pakistan in the coming days, her brother said Wednesday. Amal Abdulfattah's family was informed by "the foreign ministries of Yemen and Pakistan of plans concerning the re
Published 23 Jun, 2011 12:00am
'Indian overseas investment doubles'

'Indian overseas investment doubles'

Overseas investments by Indian firms has more than doubled on the previous fiscal year as companies expand their international footprint, data from India's central bank showed Wednesday. Foreign direct investment (FDI) by Indian firms into overseas market
Published 23 Jun, 2011 12:00am
'Indian overseas investment doubles'

'Indian overseas investment doubles'

Overseas investments by Indian firms has more than doubled on the previous fiscal year as companies expand their international footprint, data from India's central bank showed Wednesday. Foreign direct investment (FDI) by Indian firms into overseas market
Published 23 Jun, 2011 12:00am
''Indian overseas investment doubles''

''Indian overseas investment doubles''

Overseas investments by Indian firms has more than doubled on the previous fiscal year as companies expand their international footprint, data from India''s central bank showed Wednesday. Foreign direct investment (FDI) by Indian firms into overseas marke
Published 23 Jun, 2011 12:00am
Previous Day