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Archive - 2011-07-06
Hyundai Heavy drops Hynix bid plan
Top News

Hyundai Heavy drops Hynix bid plan

SEOUL : South Korea 's Hyundai Heavy Industries said on Wednesday it would not bid for a 15 percent stake in Hynix Semi
Published 06 Jul, 2011 04:03pm
Philippines economy to grow 5pc in 2011
Top News

Philippines economy to grow 5pc in 2011

MANILA: The Philippines economy is expected to grow 5 percent this year and 5.4 percent in 2012, lower that government f
Published 06 Jul, 2011 03:44pm
UK gas down on low demand
Energy

UK gas down on low demand

LONDON : British power and gas prices eased slightly on Wednesday morning as the forward market encountered technical re
Published 06 Jul, 2011 02:41pm
Carlsberg shares hit
Financial

Carlsberg shares hit

COPENHAGEN : Shares in Danish brewer Carlsberg A/S slid on Wednesday on worries that its largest single market, Russia
Published 06 Jul, 2011 02:12pm
South Sudanese want to go home
Africa

South Sudanese want to go home

SUDAN: Watching men loading a truck with bed frames, wardrobes and chairs in this slum near Khartoum, Nal Wak cannot wai
Published 06 Jul, 2011 01:56pm
PMEX announces 671 pc growth y/y
Top News

PMEX announces 671 pc growth y/y

KARACHI: The country's first and only demutualized commodity futures exchange, the Pakistan Mercantile Exchange Limited
Published 06 Jul, 2011 10:53am
China raises benchmark interest rate
Top News

China raises benchmark interest rate

BEIJING : China's central bank said on Wednesday it will raise its benchmark deposit and lending rates by 25 basis point
Published 06 Jul, 2011 10:10am
No power outages in Ramazan
Top News

No power outages in Ramazan

ISLAMABAD : WAPDA has decided not to cut power supply during the holy month of Ramazan across the country to provide rel
Published 06 Jul, 2011 10:04am
Qureshi meets Nawaz Sharif at Raiwind
Top News

Qureshi meets Nawaz Sharif at Raiwind

LAHORE : PPP leader and ex-Foreign Minister Shah Mahmood Qureshi Wednesday had "important" meeting with PML-N Chief Nawa
Published 06 Jul, 2011 08:53am
Step on the gas!!!
BR Research

Step on the gas!!!

Just when there were hopes that economic decisions for a change may take over political motives, delays in the announcement of gas price rev
Published 06 Jul, 2011 12:00am
National Investment Trust
BR Research

National Investment Trust

Keeping up with its tradition, National Investment Trust Limited announced phenomenal payouts for all the funds under its management for the
Published 06 Jul, 2011 12:00am
AFC `B' coaching course: Kiran Ilyas Ghouri torepresent Pakistan

AFC `B' coaching course: Kiran Ilyas Ghouri torepresent Pakistan

Pakistan Football Federation (PFF) has nominated Kiran Ilyas Ghouri for participation in AFC `B' Coaching Certificate. She is the first women coach of Pakistan who is participating in AFC 'B' Coaching Course being held in Kuala Lumpur, Malaysia. The cours
Published 06 Jul, 2011 12:00am
Collingwood to play for Scorchers in Big Bash

Collingwood to play for Scorchers in Big Bash

England all-rounder Paul Collingwood on Tuesday became the second international signing for Australian franchise Perth Scorchers for the Big Bash Twenty20 tournament. Collingwood, who skippered his country to the ICC World Twenty20 title in the West Indie
Published 06 Jul, 2011 12:00am
Evans pips Contador in thrilling stage four

Evans pips Contador in thrilling stage four

Two-time runner-up Cadel Evans of BMC held off a late charge from Alberto Contador to claim a prestigious victory on the fourth stage of the Tour de France Tuesday. Norwegian Thor Hushovd, tipped to lose the yellow jersey after the brutal two-kilometre fi
Published 06 Jul, 2011 12:00am
PCB to abide by ICC directive on government interference

PCB to abide by ICC directive on government interference

Pakistan cricket will not challenge the International Cricket Council's (ICC) directive to member boards to free themselves from government interference within two years. The ICC annual conference upheld a constitutional amendment last week to provide for
Published 06 Jul, 2011 12:00am
Powell rues lack of top-flight rivalry

Powell rues lack of top-flight rivalry

World athletics has suffered from a lack of high-profile rivalries due to the growing influence of money on the sport, long jump world record holder Mike Powell has told Reuters. Powell had a sustained rivalry with Carl Lewis and it was those duels with t
Published 06 Jul, 2011 12:00am
Eurozone growth slows, orders dry up

Eurozone growth slows, orders dry up

European services growth slowed in June in the face of sluggish new orders and rising interest rates, giving firms less optimism about the year ahead, business surveys showed on Tuesday. The eurozone service sector grew at its weakest pace since October w
Published 06 Jul, 2011 12:00am
EU rescue complaints heard by top German court

EU rescue complaints heard by top German court

The German Constitutional Court opened new hearings on Tuesday on complaints against loans to Greece and other eurozone countries in a move that might affect a future European Union rescue fund. Crucial payments from the EU's economic powerhouse are nonet
Published 06 Jul, 2011 12:00am
Google and Microsoft sued over map technology

Google and Microsoft sued over map technology

Google Inc and Microsoft Corp were sued for infringing a Louisiana company's patent with their map websites, which let users navigate street-level views of towns and cities. Transcenic Inc asked a Delaware District court to prevent Google and Microsoft fr
Published 06 Jul, 2011 12:00am
Rating agencies must play second fiddle: Merkel

Rating agencies must play second fiddle: Merkel

Rating agencies must play second fiddle to the EU, the European Central Bank and the IMF when it comes to deciding the fate of debt-ridden Greece, German Chancellor Angela Merkel said on Tuesday. "I think it's important that we in the Troika - the Interna
Published 06 Jul, 2011 12:00am
Global economy hits soft patch, should avoid double-dip: S&P

Global economy hits soft patch, should avoid double-dip: S&P

The global economy has hit a "soft patch" due to the disruption caused by Japan's March earthquake but emerging market growth should prevent a double-dip recession, Standard and Poor's said on Tuesday. In a report on the risks of the economy falling back
Published 06 Jul, 2011 12:00am
Global economy hits soft patch, should avoid double-dip: S&P

Global economy hits soft patch, should avoid double-dip: S&P

The global economy has hit a "soft patch" due to the disruption caused by Japan's March earthquake but emerging market growth should prevent a double-dip recession, Standard and Poor's said on Tuesday. In a report on the risks of the economy falling back
Published 06 Jul, 2011 12:00am
WTO rules Chinese curbs on raw material exports illegal

WTO rules Chinese curbs on raw material exports illegal

China broke international law when it restricted exports of coveted industrial raw materials, the World Trade Organisation ruled on Tuesday, in a landmark case that may trigger new rows over growing global export curbs. The WTO's trade judges said China i
Published 06 Jul, 2011 12:00am
Nokia cuts smartphone prices

Nokia cuts smartphone prices

Nokia has cut the prices of its smartphones in Europe in an attempt to slow the decline in its share of the higher end of the market, two industry sources said on Tuesday. One of the sources with direct knowledge of Nokia's pricing said the steepest cuts
Published 06 Jul, 2011 12:00am
Lagarde takes up IMF post

Lagarde takes up IMF post

Former French finance minister Christine Lagarde took up her post as the new head of the International Monetary Fund Tuesday, after countryman Dominique Strauss-Kahn quit in May to fight sexual assault charges. The first woman to head the world's key cris
Published 06 Jul, 2011 12:00am
US factory orders rebound, shipments up

US factory orders rebound, shipments up

New orders received by US factories bounced back in May, pointing to underlying strength in manufacturing as demand for transportation equipment and a range of other products rose. The Commerce Department said on Tuesday that orders for manufactured goods
Published 06 Jul, 2011 12:00am
Saudi Arabia makes only minor oil price cut to Asia

Saudi Arabia makes only minor oil price cut to Asia

Top oil exporter Saudi Arabia has trimmed just 10 cents off its flagship Arab Light crude price for customers in Asia who buy more than half its crude exports, Saudi Aramco said on Tuesday. Aramco set the Arab Light price for August at Oman/Dubai plus $1.
Published 06 Jul, 2011 12:00am
Bangladeshi workers send home record $11.65 billion

Bangladeshi workers send home record $11.65 billion

Bangladeshi migrant labourers sent home a record $11.65 billion last year, the central bank said Tuesday, defying expectations that unrest in the Arab world would cause a downturn in payments. Remittances from the country's seven million-plus migrants are
Published 06 Jul, 2011 12:00am
Bombardier to cut 1,400 jobs in Britain

Bombardier to cut 1,400 jobs in Britain

Canadian train maker Bombardier is cutting more than 1,400 jobs at its plant in Derby, central England, after losing out to German group Siemens in a competition to upgrade rolling stock on the Thameslink cross-London railway. Bombardier said it would cut
Published 06 Jul, 2011 12:00am
Bombardier to cut 1,400 jobs in Britain

Bombardier to cut 1,400 jobs in Britain

Canadian train maker Bombardier is cutting more than 1,400 jobs at its plant in Derby, central England, after losing out to German group Siemens in a competition to upgrade rolling stock on the Thameslink cross-London railway. Bombardier said it would cut
Published 06 Jul, 2011 12:00am
Western Union to buy Travelex unit

Western Union to buy Travelex unit

Western Union Co, the world's largest payment transfer company, said it agreed to buy Travelex's Global Business Payments division for about 606 million pounds ($968.7 million), to expand its international business payments services. The transaction, West
Published 06 Jul, 2011 12:00am
Indian rupee recovers

Indian rupee recovers

The Indian rupee regained lost ground in a choppy session on Tuesday, propelled by strong foreign fund inflows, but a softer euro and weak Asian currencies hampered further rise. The partially convertible rupee ended at 44.4250/4350 per dollar, unchanged
Published 06 Jul, 2011 12:00am
Money markets: Banks take less ECB cash as Greek strains ease

Money markets: Banks take less ECB cash as Greek strains ease

Banks' demand for European Central Bank's weekly loans fell on Tuesday as the end of the reserve maintenance period looms and money market tensions eased after Greece moved to secure its next slice of international aid to avert a near-term default. Banks
Published 06 Jul, 2011 12:00am
Won and rupiah down

Won and rupiah down

The South Korean won and the Indonesian rupiah eased on Tuesday as interbank speculators covered dollar-short positions with the euro hit by a slew of stop-loss buying, but continuous inflows to Asia helped limit regional currencies' weakness. "The uncer
Published 06 Jul, 2011 12:00am
Australian dollar falls; New Zealand retreats

Australian dollar falls; New Zealand retreats

The Australian dollar skidded to one-week lows versus the greenback on Tuesday after the central bank sounded less optimistic about growth this year, reinforcing bets that interest rates are likely to stay on hold for longer. This also saw the New Zealand
Published 06 Jul, 2011 12:00am
Swiss franc up versus euro

Swiss franc up versus euro

The Swiss franc rose against the euro on Tuesday, with safe haven positioning spurred by ongoing concerns about Greece, but analysts saw big gains as unlikely as markets braced for a eurozone interest rate rise. The franc has repeatedly hit records agains
Published 06 Jul, 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. 74.28/74.29 (previous 74.25/74.29). Call Money Rates: 6.00-10.00 percent (previous 6.00-10.00 percent).
Published 06 Jul, 2011 12:00am
Euro struggles versus Swiss franc, dollar in London

Euro struggles versus Swiss franc, dollar in London

The euro retreated against the dollar and the Swiss franc on Tuesday as soft eurozone data and concerns over the health of the Chinese economy pushed investors away from riskier currencies back towards those perceived to offer safety. Safe-haven German Bu
Published 06 Jul, 2011 12:00am
Early trade in New York: Euro slips versus dollar, Swiss franc

Early trade in New York: Euro slips versus dollar, Swiss franc

The euro slid against the dollar and the Swiss franc on Tuesday after six days of gains as weak eurozone data and concerns over China weighed on sentiment and boosted currencies viewed as safe havens. "The euro gave up its gains from last week. There is s
Published 06 Jul, 2011 12:00am
Euro backs off high in Asia

Euro backs off high in Asia

The euro looked set to snap a six-day winning streak on Tuesday, coming off nearly one-month highs against the dollar as the greenback was bought back broadly on a flurry of stop-loss buying and short-covering by macro-funds. Some traders cited talk that
Published 06 Jul, 2011 12:00am
Sterling rallies

Sterling rallies

Sterling rose against the dollar and euro on Tuesday after UK services sector data surprised on the upside and prompted a bout of short-covering among investors, although further gains looked limited by an overall gloomy outlook for economic growth. The M
Published 06 Jul, 2011 12:00am
Yuan slightly down

Yuan slightly down

The yuan ended down slightly against the dollar on Tuesday, even though the People's Bank of China set a record high mid-point as market players expected that uncertainty in global markets could restrain yuan gains in the future. Dealers also said some do
Published 06 Jul, 2011 12:00am
FTSE at two-month high

FTSE at two-month high

Britain's FTSE 100 rose for an eighth straight trading day on Tuesday, as earnings hopes lifted Tullow Oil and bid talk boosted Reckitt Benckiser. Tullow , up 3.8 percent, said it expected to post record first-half revenues as it ramped up output in Ghana
Published 06 Jul, 2011 12:00am
Tokyo stocks rise

Tokyo stocks rise

The Nikkei stock average eked out a tiny gain on Tuesday, extending its rally to a sixth session and hitting a fresh two-month closing high, helped by hopes of a slowly improving economic outlook but most players expect momentum to fade soon.
Published 06 Jul, 2011 12:00am
Sri Lankan bourse recover

Sri Lankan bourse recover

Sri Lanka's stock market recovered from a six-month low on Tuesday led by 3.8 percent rise in heavyweight John Keells Holdings with foreign inflow for the first time in 10 sessions as institutional investors bought battered shares. Sri Lanka's main share
Published 06 Jul, 2011 12:00am
Indian shares slip

Indian shares slip

Indian shares slipped 0.4 percent on Tuesday as investors locked in gains after a revival of foreign interest triggered the recent sharp rally, while views the rise could have been overdone kept the near-term outlook uncertain. Energy giant Reliance Indus
Published 06 Jul, 2011 12:00am
Tuesday's midday trade: Wall Street consolidates rally

Tuesday's midday trade: Wall Street consolidates rally

Wall Street consolidated on Tuesday after its best week in two years with choppy, low-volume trading seen during the rest of the summer. Equities had rallied for five straight days to push the S&P 500 up 5.6 percent, rebounding from weakness over the past
Published 06 Jul, 2011 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan stocks ended up 0.11 percent on Tuesday, lifted by department store counters which offset pressure from a fall in LCD makers after some brokers cut target prices. The main TAIEX index was up 9.72 points at 8,784.44, after opening flat. The departme
Published 06 Jul, 2011 12:00am
South East Asian markets: Thailand dips after post-election surge

South East Asian markets: Thailand dips after post-election surge

Most Southeast Asian stock markets retreated on Tuesday, with Indonesia and Malaysia pulling back from record highs reached the day before and Thailand dipping after the surge that followed its general election at the weekend. Trading volume fell below 30
Published 06 Jul, 2011 12:00am
Chinese shares soar, Hong Kong slips

Chinese shares soar, Hong Kong slips

Chinese shares rose to a six-week high on Tuesday on a late rally in utilities and coal-related stocks, and could build on gains if investors venture back into cheapened bank shares. Sagging bank stocks weighed on Hong Kong's benchmark index, though the l
Published 06 Jul, 2011 12:00am
Australian shares retreat

Australian shares retreat

Australian stocks retreated 0.3 percent on Tuesday, with sentiment turning negative after the Reserve Bank of Australia lowered its economic growth forecasts for the near term, though volume was light. The RBA kept the cash rate unchanged at 4.75 percent
Published 06 Jul, 2011 12:00am
European shares hit one-month high

European shares hit one-month high

European shares inched higher in thin volume on Tuesday, rising for the seventh straight session, with French retailer Carrefour leading the gainers after listing its Spanish discount chain. The pan-European FTSEurofirst 300 index of top shares closed 0.1
Published 06 Jul, 2011 12:00am
Seoul shares rise

Seoul shares rise

Seoul shares ended higher on Tuesday, posting a near two-month closing high helped by continuous foreign and institutional buying. Fears about Greece's debt crisis and US growth had eased in the broader market, analysts said, but a mild correction was see
Published 06 Jul, 2011 12:00am
Afghan mine development seen costly, risky and slow

Afghan mine development seen costly, risky and slow

Afghanistan has grand plans for a vast rail network to attract mining investors, but experts say the project would simply be a new target for insurgents and warn that sovereign risk and high production costs are also deterring companies.
Published 06 Jul, 2011 12:00am
Indonesia raises 7.5 trillion rupiah in debt auction, yields fall

Indonesia raises 7.5 trillion rupiah in debt auction, yields fall

Indonesia sold 7.5 trillion rupiah ($880 million) of debt in an auction on Tuesday, seeing strong demand for both short and long tenors that pushed yields down steeply. Indonesia's finance ministry sold 1.4 trillion rupiah of three-month T-bills yielding
Published 06 Jul, 2011 12:00am
Australia holds rates steady at 4.75 percent

Australia holds rates steady at 4.75 percent

Australia kept official interest rates steady at 4.75 percent Tuesday, citing slower global growth due to Japan's March earthquake, European debt problems and surging commodity prices. The Reserve Bank of Australia left the official cash rate unchanged fo
Published 06 Jul, 2011 12:00am
Greek fiscal survival vital for eurozone: finance minister

Greek fiscal survival vital for eurozone: finance minister

Greece will stave off default not only for its own sake but because its survival is vital for the eurozone and the global economy, Greek Finance Minister Evangelos Venizelos told Reuters on Monday. With help from its EU partners and fresh determination, t
Published 06 Jul, 2011 12:00am
Risk of more state intervention pushes up Thai rice price

Risk of more state intervention pushes up Thai rice price

The export price of Thai rice rose on Monday because of the likelihood of aggressive intervention by a new government to push up domestic prices to help farmers, which has already encouraged traders to hoard rice, resulting in tight supply. Benchmark 100
Published 06 Jul, 2011 12:00am
Lint prices move in narrow range; spot rate down at Rs 7,600

Lint prices move in narrow range; spot rate down at Rs 7,600

Downward trend persisted on the cotton market on Tuesday as selling triggered by ginners on reports of steady phutti arrivals despite the monsoon rains in the cotton belt, dealers said. The Karachi Cotton Association (KCA) official spot rate was further l
Published 06 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 112,308 tonnes of cargo including 62,956 tonnes of import cargo, 49,352 tonnes of export cargo and 5,512 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 62,956 tonnes compri
Published 06 Jul, 2011 12:00am
Russian grain prices keep falling as exports restart

Russian grain prices keep falling as exports restart

Russian grain prices fell last week ahead of the exports restart, as major traders stopped purchases due to a lack of demand amid falling international prices, analysts said on Monday. Russian grain sales are expected to be slow after Moscow's return to t
Published 06 Jul, 2011 12:00am
Global 2011-12 rapeseed crop likely to fall: Oil World

Global 2011-12 rapeseed crop likely to fall: Oil World

The global 2011-12 rapeseed harvest is likely to fall to a three-year low of 59.08 million tonnes, down from 59.37 million tonnes in the previous season, Hamburg-based oilseeds analysts Oil World said on Tuesday. This was 0.4 million tonnes down on Oil Wo
Published 06 Jul, 2011 12:00am
Kenya approves law to allow GM crops production

Kenya approves law to allow GM crops production

Kenya has become the fourth country in Africa to open up to genetically modified (GM) crops after approving laws to allow their production and importation. East Africa's leading economy follows South Africa, a leader in the continent on biotechnology and
Published 06 Jul, 2011 12:00am
Bangladesh tea prices down

Bangladesh tea prices down

Tea prices in Bangladesh continued to fall for a third week due to less demand from foreign buyers, brokers said on Tuesday. The average price of Bangladeshi teas fell by 5.2 percent to 160.75 taka ($2.2) per kg at the weekly auction on Tuesday from last
Published 06 Jul, 2011 12:00am
US Plains HRW wheat bids mostly steady

US Plains HRW wheat bids mostly steady

Hard red winter wheat basis bids were mostly steady Tuesday with more merchants noted posting bids against September wheat futures and mills continuing to seek protein for substitution with higher-priced spring wheat supplies. Markets were closed Monday f
Published 06 Jul, 2011 12:00am
Russian state trader to ship 100,000 tonnes of wheat

Russian state trader to ship 100,000 tonnes of wheat

Russian state grain trader the United Grains Co plans to export up to 100,000 tonnes of wheat to Mediterranean countries until the end of July, it said on Tuesday. "These will be Mediterranean countries, where we have established stable business relations
Published 06 Jul, 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 06 Jul, 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 06 Jul, 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 (July 05, 2011).

Published 06 Jul, 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 (July 05, 2011).

Published 06 Jul, 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 (July 05, 2011).

Published 06 Jul, 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 (July 05, 2011).

Published 06 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (July 05, 2011).
Published 06 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (July 05, 2011).

Published 06 Jul, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (July 05, 2011).

Published 06 Jul, 2011 12:00am
Gas tariff hike proposal: Ministry asked to seek Cabinet approval

Gas tariff hike proposal: Ministry asked to seek Cabinet approval

Prime Minister Yousaf Raza Gilani has, reportedly, directed the Petroleum Ministry to seek consent of the Cabinet on the proposed natural gas tariff hike, ranging from 15 to 96 percent, to be notified from July 1, 2011. Sources said that the Petroleum Min
Published 06 Jul, 2011 12:00am
Gas tariff hike proposal: Ministry asked to seek Cabinet approval

Gas tariff hike proposal: Ministry asked to seek Cabinet approval

Prime Minister Yousaf Raza Gilani has, reportedly, directed the Petroleum Ministry to seek consent of the Cabinet on the proposed natural gas tariff hike, ranging from 15 to 96 percent, to be notified from July 1, 2011. Sources said that the Petroleum Min
Published 06 Jul, 2011 12:00am
Gas tariff hike proposal: Ministry asked to seek Cabinet approval

Gas tariff hike proposal: Ministry asked to seek Cabinet approval

Prime Minister Yousaf Raza Gilani has, reportedly, directed the Petroleum Ministry to seek consent of the Cabinet on the proposed natural gas tariff hike, ranging from 15 to 96 percent, to be notified from July 1, 2011. Sources said that the Petroleum Min
Published 06 Jul, 2011 12:00am
Procedure for investigation finalised: Abbottabad commission meets

Procedure for investigation finalised: Abbottabad commission meets

The inquiry commission to investigate the May 2 Abbottabad incident, in which al Qaeda leader Osama bin Laden was killed in a unilateral US raid, in its first meeting on Tuesday finalised procedure for investigation. The meeting of the Commission was pres
Published 06 Jul, 2011 12:00am
Procedure for investigation finalised: Abbottabad commission meets

Procedure for investigation finalised: Abbottabad commission meets

The inquiry commission to investigate the May 2 Abbottabad incident, in which al Qaeda leader Osama bin Laden was killed in a unilateral US raid, in its first meeting on Tuesday finalised procedure for investigation. The meeting of the Commission was pres
Published 06 Jul, 2011 12:00am
Check on use of IEDs: Pakistan and US to improve cooperation

Check on use of IEDs: Pakistan and US to improve cooperation

Pakistan and the United States on Tuesday held first round of fourth Pak-US ministerial-level strategic dialogue on Law Enforcement and Counter Terrorism with a pledge to improve co-operation for curbing production and use of Improvised Explosive Devices
Published 06 Jul, 2011 12:00am
Check on use of IEDs: Pakistan and US to improve cooperation

Check on use of IEDs: Pakistan and US to improve cooperation

Pakistan and the United States on Tuesday held first round of fourth Pak-US ministerial-level strategic dialogue on Law Enforcement and Counter Terrorism with a pledge to improve co-operation for curbing production and use of Improvised Explosive Devices
Published 06 Jul, 2011 12:00am
Taliban could have political future: Cameron

Taliban could have political future: Cameron

British Prime Minister David Cameron Tuesday said the Taliban could have a future in the mainstream politics of Afghanistan, with the 10-year war resolved like the conflict in Northern Ireland. On a day that four Nato soldiers were killed in eastern Afgha
Published 06 Jul, 2011 12:00am
Taliban could have political future: Cameron

Taliban could have political future: Cameron

British Prime Minister David Cameron Tuesday said the Taliban could have a future in the mainstream politics of Afghanistan, with the 10-year war resolved like the conflict in Northern Ireland. On a day that four Nato soldiers were killed in eastern Afgha
Published 06 Jul, 2011 12:00am
World Bank to review tax target strategy, progress on ERS

World Bank to review tax target strategy, progress on ERS

A World Bank mission will visit the Federal Board of Revenue from July 14-25, 2011 to review the progress on the Expeditious Refund System (ERS), changes in the organisational structure of the FBR and strategy for meeting the FY12 revenue collection targe
Published 06 Jul, 2011 12:00am
World Bank to review tax target strategy, progress on ERS

World Bank to review tax target strategy, progress on ERS

A World Bank mission will visit the Federal Board of Revenue from July 14-25, 2011 to review the progress on the Expeditious Refund System (ERS), changes in the organisational structure of the FBR and strategy for meeting the FY12 revenue collection targe
Published 06 Jul, 2011 12:00am
World Bank to review tax target strategy, progress on ERS

World Bank to review tax target strategy, progress on ERS

A World Bank mission will visit the Federal Board of Revenue from July 14-25, 2011 to review the progress on the Expeditious Refund System (ERS), changes in the organisational structure of the FBR and strategy for meeting the FY12 revenue collection targe
Published 06 Jul, 2011 12:00am
Index gains 16.2 points

Index gains 16.2 points

Fresh buying both by local and foreign investors on Tuesday supported the KSE-100 index to breach 12,600 points level to hit 12,623.93 points intra-day high. However, the index failed to sustain this level due to profit taking in late hours and closed at
Published 06 Jul, 2011 12:00am
Index gains 16.2 points

Index gains 16.2 points

Fresh buying both by local and foreign investors on Tuesday supported the KSE-100 index to breach 12,600 points level to hit 12,623.93 points intra-day high. However, the index failed to sustain this level due to profit taking in late hours and closed at
Published 06 Jul, 2011 12:00am
Index gains 16.2 points

Index gains 16.2 points

Fresh buying both by local and foreign investors on Tuesday supported the KSE-100 index to breach 12,600 points level to hit 12,623.93 points intra-day high. However, the index failed to sustain this level due to profit taking in late hours and closed at
Published 06 Jul, 2011 12:00am
BRIndex30 up 75.93 points

BRIndex30 up 75.93 points

On Tuesday, the BRIndex30 opened at 8,654.40 points and remained in positive throughout the trading session. It touched the intra-day high of 8,766.63 points and low of 8,654.40 points and closed at 8,730.33 points with a net positive change of 75.93 poin
Published 06 Jul, 2011 12:00am
BRIndex30 up 75.93 points

BRIndex30 up 75.93 points

On Tuesday, the BRIndex30 opened at 8,654.40 points and remained in positive throughout the trading session. It touched the intra-day high of 8,766.63 points and low of 8,654.40 points and closed at 8,730.33 points with a net positive change of 75.93 poin
Published 06 Jul, 2011 12:00am
Moody's slashes Portugal rating by four notches

Moody's slashes Portugal rating by four notches

Moody's Investors Service on Tuesday slashed its credit rating on indebted eurozone struggler Portugal, bailed out earlier this year, by four notches to Ba2 from Baa1, warning it could be lowered further. Moody's said the downgrade reflects "the growing r
Published 06 Jul, 2011 12:00am
Moody's slashes Portugal rating by four notches

Moody's slashes Portugal rating by four notches

Moody's Investors Service on Tuesday slashed its credit rating on indebted eurozone struggler Portugal, bailed out earlier this year, by four notches to Ba2 from Baa1, warning it could be lowered further. Moody's said the downgrade reflects "the growing r
Published 06 Jul, 2011 12:00am
Moody''s slashes Portugal rating by four notches

Moody''s slashes Portugal rating by four notches

Moody''s Investors Service on Tuesday slashed its credit rating on indebted eurozone struggler Portugal, bailed out earlier this year, by four notches to Ba2 from Baa1, warning it could be lowered further. Moody''s said the downgrade reflects "the growing
Published 06 Jul, 2011 12:00am
Karachi violence claims nine lives

Karachi violence claims nine lives

Following an attack on a leader of ANP, the city on Tuesday came under an intense wave of violence and arson resulting in the death of nine people and injuries to over 20 others, including a private TV channel reporter, at various parts of the metropolis.
Published 06 Jul, 2011 12:00am
Karachi violence claims nine lives

Karachi violence claims nine lives

Following an attack on a leader of ANP, the city on Tuesday came under an intense wave of violence and arson resulting in the death of nine people and injuries to over 20 others, including a private TV channel reporter, at various parts of the metropolis.
Published 06 Jul, 2011 12:00am
Altaf condemns violent incidents

Altaf condemns violent incidents

Muttahida Qaumi Movement (MQM), Chief Altaf Hussain has strongly condemned the reported incidents of violence in different parts of the city and said the same be stopped permanently. In a statement issued by MQM on Tuesday, the MQM chief said action be ta
Published 06 Jul, 2011 12:00am
LSE index gains 34.11 points

LSE index gains 34.11 points

Bulls dominated on Lahore Stock Exchange on Tuesday where equities registered gains amid ascending transaction volume on account of fresh buying in select blue chips. The LSE-25 index gained 34.11 points and closed at 3128.74 points against 3094.63 points
Published 06 Jul, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Jul, 2011 12:00am
LSE index gains 34.11 points

LSE index gains 34.11 points

Bulls dominated on Lahore Stock Exchange on Tuesday where equities registered gains amid ascending transaction volume on account of fresh buying in select blue chips. The LSE-25 index gained 34.11 points and closed at 3128.74 points against 3094.63 points
Published 06 Jul, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 22.41 points as the ISE Ten Index moved from 2,754.65
Published 06 Jul, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 22.41 points as the ISE Ten Index moved from 2,754.65
Published 06 Jul, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 06 Jul, 2011 12:00am
PSDP projects audit by CA firms: Ecnec's directive opposed

PSDP projects audit by CA firms: Ecnec's directive opposed

Provinces, the Federal Ministries and Divisions, AJK, and Gilgit-Baltistan have all opposed the directive of the Executive Committee of National Economic Council (Ecnec) to undertake performance/programme audit of Public Sector Development Projects (PSDP)
Published 06 Jul, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Jul, 2011 12:00am
PSDP projects audit by CA firms: Ecnec's directive opposed

PSDP projects audit by CA firms: Ecnec's directive opposed

Provinces, the Federal Ministries and Divisions, AJK, and Gilgit-Baltistan have all opposed the directive of the Executive Committee of National Economic Council (Ecnec) to undertake performance/programme audit of Public Sector Development Projects (PSDP)
Published 06 Jul, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Jul, 2011 12:00am
PSDP projects audit by CA firms: Ecnec''s directive opposed

PSDP projects audit by CA firms: Ecnec''s directive opposed

Provinces, the Federal Ministries and Divisions, AJK, and Gilgit-Baltistan have all opposed the directive of the Executive Committee of National Economic Council (Ecnec) to undertake performance/programme audit of Public Sector Development Projects (PSDP)
Published 06 Jul, 2011 12:00am
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