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Archive - 2011-07-07
Brent crude oil forecast
Energy

Brent crude oil forecast

LONDON : Standard Bank on Thursday raised its forecast for North Sea Brent crude oil futures in 2012 by $5 per barrel to
Published 07 Jul, 2011 05:39pm
RHB to issue up to 3.0bn bonds
Top News

RHB to issue up to 3.0bn bonds

KUALA LUMPUR: Malaysia's fifth largest lender RHB Capital said on Thursday that its subsidiary RHB Bank has received cen
Published 07 Jul, 2011 04:58pm
US stocks rally on jobs data
Financial

US stocks rally on jobs data

NEW YORK : US stocks surged as markets opened Thursday following a pair of reports on employment in the United States th
Published 07 Jul, 2011 03:51pm
Copper hits 3mth high
Commodities

Copper hits 3mth high

LONDON : Copper rose on Thursday to its highest in nearly three months as expectations of increasing demand from top con
Published 07 Jul, 2011 03:48pm
Killings in Syria 'must stop': UN chief
Top News

Killings in Syria 'must stop': UN chief

GENEVA: UN chief Ban Ki-moon called Thursday on the Syrian regime to stop the killings in its crackdown on anti-governme
Published 07 Jul, 2011 03:31pm
USG People cuts Dutch jobs
Europe

USG People cuts Dutch jobs

AMSTERDAM : Dutch staffing group USG People NV will cut almost 10 percent of its Dutch workforce following a slower-than
Published 07 Jul, 2011 03:30pm
Malaysia holds interest rates steady
Top News

Malaysia holds interest rates steady

KUALA LUMPUR : Malaysia's central bank held interest rates steady at 3 percent on Thursday, surprising financial markets
Published 07 Jul, 2011 09:00am
Voter lists to be ready by December: EC
Top News

Voter lists to be ready by December: EC

ISLAMABAD : Secretary Election Commission (EC) Ishtiaq Ahmad has said that the process of preparing voters list for the
Published 07 Jul, 2011 07:47am
Tokyo shares fall 0.11pc
Financial

Tokyo shares fall 0.11pc

TOKYO : Tokyo shares fell 0.11 percent Thursday, with power utilities under pressure as a government plan for nuclear p
Published 07 Jul, 2011 07:18am
India's food price index up 7.61pc
Asia

India's food price index up 7.61pc

NEW DELHI : India 's food price index rose 7.61 percent and the fuel price index climbed 12.67 percent in the year to J
Published 07 Jul, 2011 06:30am
Devolved not evolved
BR Research

Devolved not evolved

The final phase of the devolution process was completed on 1 July 2011 when the federal cabinet approved the transfer of seven ministries -
Published 07 Jul, 2011 12:00am
PaCCS - the issues back
BR Research

PaCCS - the issues back

Agility, the software developer that developed and installed the Pakistan Automated Customers Clearing System (PaCCS) in 2005 has once again
Published 07 Jul, 2011 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday, following US soybeans and European rapeseed higher, traders said. Hot, humid weather helping most crops develop in Manitoba. Weather seen as neutral market factor. Thin volume early of less than 500 contracts t
Published 07 Jul, 2011 12:00am
Russia harvests over one million tonnes of grain so far

Russia harvests over one million tonnes of grain so far

Russia has reaped over 1 million tonnes of grain by bunker weight since the start of the harvest, which has been slowed down by rain in the south, the Agriculture Ministry said on Wednesday. It did not provide a comparison for the same period last year. A
Published 07 Jul, 2011 12:00am
Kenya to import four million bags of maize by December

Kenya to import four million bags of maize by December

Kenya is expected to import 4 million 90-kg bags of maize (360,000 tonnes) in the six months to December to plug a production deficit, its Agriculture Ministry said. Poor rains have affected maize production in the east African nation's main bread basket,
Published 07 Jul, 2011 12:00am
New York cotton

New York cotton

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

Published 07 Jul, 2011 12:00am
New York cotton

New York cotton

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

Published 07 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 07 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 07 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 Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
'No loadshedding at Iftar and Sehri during Ramazan'

'No loadshedding at Iftar and Sehri during Ramazan'

A spokesman of the Water and Power Ministry Wednesday clarifying a news item published in a section of the press said that there will be no loadshedding only during the Iftar and Sehri timing in the holy month of Ramazan. Secretary Water and Power has alr
Published 07 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 Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
Income tax returns: FBR teams may visit GHQ, other offices

Income tax returns: FBR teams may visit GHQ, other offices

The Federal Board of Revenue (FBR) is planning to send tax officials to Air Headquarters, Naval Head-quarters, General Headquarters (GHQ), Pakistan Telecommunication Company Limited (PTCL), Pakistan International Airlines (PIA) Headquarters, Pakistan Secr
Published 07 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 Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
Income tax returns: FBR teams may visit GHQ, other offices

Income tax returns: FBR teams may visit GHQ, other offices

The Federal Board of Revenue (FBR) is planning to send tax officials to Air Headquarters, Naval Head-quarters, General Headquarters (GHQ), Pakistan Telecommunication Company Limited (PTCL), Pakistan International Airlines (PIA) Headquarters, Pakistan Secr
Published 07 Jul, 2011 12:00am
Income tax returns: FBR teams may visit GHQ, other offices

Income tax returns: FBR teams may visit GHQ, other offices

The Federal Board of Revenue (FBR) is planning to send tax officials to Air Headquarters, Naval Head-quarters, General Headquarters (GHQ), Pakistan Telecommunication Company Limited (PTCL), Pakistan International Airlines (PIA) Headquarters, Pakistan Secr
Published 07 Jul, 2011 12:00am
Outstanding domestic debt hits Rs 5.4 trillion mark

Outstanding domestic debt hits Rs 5.4 trillion mark

The country's outstanding domestic debt registered a healthy growth of over 17 percent to hit Rs 5.4 trillion mark by the end of March 2011. Sources said widening fiscal deficit and delay in transfer of funds from international financial institutions forc
Published 07 Jul, 2011 12:00am
Outstanding domestic debt hits Rs 5.4 trillion mark

Outstanding domestic debt hits Rs 5.4 trillion mark

The country's outstanding domestic debt registered a healthy growth of over 17 percent to hit Rs 5.4 trillion mark by the end of March 2011. Sources said widening fiscal deficit and delay in transfer of funds from international financial institutions forc
Published 07 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 Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
Outstanding domestic debt hits Rs 5.4 trillion mark

Outstanding domestic debt hits Rs 5.4 trillion mark

The country''s outstanding domestic debt registered a healthy growth of over 17 percent to hit Rs 5.4 trillion mark by the end of March 2011. Sources said widening fiscal deficit and delay in transfer of funds from international financial institutions for
Published 07 Jul, 2011 12:00am
NICL scam: Supreme Court asks AGP to produce transfer record

NICL scam: Supreme Court asks AGP to produce transfer record

The Supreme Court on Wednesday has taken notice of the suspension of Additional Director FIA Zafar Qurashi and transfer of other four officials who were directly attached to National Insurance Company Limited (NICL) financial scam investigation.
Published 07 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (July 06, 2011).
Published 07 Jul, 2011 12:00am
NICL scam: Supreme Court asks AGP to produce transfer record

NICL scam: Supreme Court asks AGP to produce transfer record

The Supreme Court on Wednesday has taken notice of the suspension of Additional Director FIA Zafar Qurashi and transfer of other four officials who were directly attached to National Insurance Company Limited (NICL) financial scam investigation.
Published 07 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
NICL scam: Supreme Court asks AGP to produce transfer record

NICL scam: Supreme Court asks AGP to produce transfer record

The Supreme Court on Wednesday has taken notice of the suspension of Additional Director FIA Zafar Qurashi and transfer of other four officials who were directly attached to National Insurance Company Limited (NICL) financial scam investigation.
Published 07 Jul, 2011 12:00am
Prime Minister says India most important neighbour

Prime Minister says India most important neighbour

Prime Minister Syed Yousuf Raza Gilani on Wednesday vowed to eliminate terrorism from the country and said that the people of Pakistan and the state institutions were united in their resolve to take this campaign to its logical end. "Pakistan's commitment
Published 07 Jul, 2011 12:00am
Prime Minister says India most important neighbour

Prime Minister says India most important neighbour

Prime Minister Syed Yousuf Raza Gilani on Wednesday vowed to eliminate terrorism from the country and said that the people of Pakistan and the state institutions were united in their resolve to take this campaign to its logical end. "Pakistan's commitment
Published 07 Jul, 2011 12:00am
Index down 42.93 points

Index down 42.93 points

The Karachi share market witnessed mixed trend on Wednesday with the KSE-100 index oscillating between 12,611.67 points intra-day high and 12,520.67 points low levels. The index closed at 12,533.55 points, with a net loss of 42.93 points.
Published 07 Jul, 2011 12:00am
Index down 42.93 points

Index down 42.93 points

The Karachi share market witnessed mixed trend on Wednesday with the KSE-100 index oscillating between 12,611.67 points intra-day high and 12,520.67 points low levels. The index closed at 12,533.55 points, with a net loss of 42.93 points.
Published 07 Jul, 2011 12:00am
Index down 42.93 points

Index down 42.93 points

The Karachi share market witnessed mixed trend on Wednesday with the KSE-100 index oscillating between 12,611.67 points intra-day high and 12,520.67 points low levels. The index closed at 12,533.55 points, with a net loss of 42.93 points.
Published 07 Jul, 2011 12:00am
BRIndex30 up 81.86 points

BRIndex30 up 81.86 points

On Wed-nesday, the BRIndex30 opened at 8,730.33 points and remained in positive throughout the trading session. It touched the intra-day high of 8,833.46 points and low of 8,730.33 points, and closed at 8,812.19 points with a net positive change of 81.86
Published 07 Jul, 2011 12:00am
BRIndex30 up 81.86 points

BRIndex30 up 81.86 points

On Wed-nesday, the BRIndex30 opened at 8,730.33 points and remained in positive throughout the trading session. It touched the intra-day high of 8,833.46 points and low of 8,730.33 points, and closed at 8,812.19 points with a net positive change of 81.86
Published 07 Jul, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
Seven more die as violence continues in Karachi

Seven more die as violence continues in Karachi

Seven more people fell prey to targeted killings on Wednesday morning, taking the death toll to 33 in the recent wave of violence in the last three days in Karachi, police said. In the first incident, five bodies of men were recovered from a coach of rout
Published 07 Jul, 2011 12:00am
Seven more die as violence continues in Karachi

Seven more die as violence continues in Karachi

Seven more people fell prey to targeted killings on Wednesday morning, taking the death toll to 33 in the recent wave of violence in the last three days in Karachi, police said. In the first incident, five bodies of men were recovered from a coach of rout
Published 07 Jul, 2011 12:00am
Gilani, Karzai voice concern over militants' activities

Gilani, Karzai voice concern over militants' activities

Prime Minister Syed Yusuf Raza Gilani telephoned Afghan President Hamid Karzai on Wednesday and expressed Pakistan's serious concern over the activities of militants along Pakistan-Afghan border, especially in Dir, Bajaur, Mohmand on the Pakistan side and
Published 07 Jul, 2011 12:00am
Mass grave with 900 corpses found in Iraq

Mass grave with 900 corpses found in Iraq

Iraqi authorities uncovered a mass grave with 900 corpses near the central city of Diwaniyah on Wednesday, believed to be Kurds killed during the rule of ousted dictator Saddam Hussein, an official said. The corpses were found in the Shanafiya region, 70
Published 07 Jul, 2011 12:00am
Tsunami heads for New Zealand, Tonga after 7.7 quake

Tsunami heads for New Zealand, Tonga after 7.7 quake

A tsunami began travelling across the Pacific on Thursday towards New Zealand and Tonga after a powerful 7.7-magnitude undersea earthquake, the Pacific Tsunami Warning Center said. Tsunami waves were measured off Raoul Island, one of New Zealand's Kermade
Published 07 Jul, 2011 12:00am
Tsunami heads for New Zealand, Tonga after 7.7 quake

Tsunami heads for New Zealand, Tonga after 7.7 quake

A tsunami began travelling across the Pacific on Thursday towards New Zealand and Tonga after a powerful 7.7-magnitude undersea earthquake, the Pacific Tsunami Warning Center said. Tsunami waves were measured off Raoul Island, one of New Zealand's Kermade
Published 07 Jul, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Wednesday moved both ways on Lahore Stock Exchange (LSE) and finally ended with marginal gains amid decreased trading turnover. The LSE-25 index was improved by 8.49 points and was closed at 3137.23 against 3128.74 of Tuesday while transaction
Published 07 Jul, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Wednesday moved both ways on Lahore Stock Exchange (LSE) and finally ended with marginal gains amid decreased trading turnover. The LSE-25 index was improved by 8.49 points and was closed at 3137.23 against 3128.74 of Tuesday while transaction
Published 07 Jul, 2011 12:00am
Bears dominate proceedings on ISE

Bears dominate proceedings on ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 1.85 points as the ISE Ten Index moved from 2,777.06 to 2775.21 po
Published 07 Jul, 2011 12:00am
Bears dominate proceedings on ISE

Bears dominate proceedings on ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 1.85 points as the ISE Ten Index moved from 2,777.06 to 2775.21 po
Published 07 Jul, 2011 12:00am
Saudi plans to lift arms purchases from US to $90 billion

Saudi plans to lift arms purchases from US to $90 billion

Saudi Arabia plans to raise its arms purchases from the United States to $90 billion from the $60 billion announced last year, as the kingdom seeks to upgrade it navy, diplomats in the Gulf said this week. Last year, US officials said Riyadh planned to bu
Published 07 Jul, 2011 12:00am
Saudi plans to lift arms purchases from US to $90 billion

Saudi plans to lift arms purchases from US to $90 billion

Saudi Arabia plans to raise its arms purchases from the United States to $90 billion from the $60 billion announced last year, as the kingdom seeks to upgrade it navy, diplomats in the Gulf said this week. Last year, US officials said Riyadh planned to bu
Published 07 Jul, 2011 12:00am
'Pakistani Taliban attack kills up to 38 Afghans'

'Pakistani Taliban attack kills up to 38 Afghans'

Up to 33 police and five civilians were killed in fighting after Taliban allegedly crossed over from Pakistan and attacked a remote region in eastern Afghanistan, an official said Wednesday. Nuristan provincial governor Jamaluddin Badr said about 40 rebel
Published 07 Jul, 2011 12:00am
'Pakistani Taliban attack kills up to 38 Afghans'

'Pakistani Taliban attack kills up to 38 Afghans'

Up to 33 police and five civilians were killed in fighting after Taliban allegedly crossed over from Pakistan and attacked a remote region in eastern Afghanistan, an official said Wednesday. Nuristan provincial governor Jamaluddin Badr said about 40 rebel
Published 07 Jul, 2011 12:00am
Azerbaijan plane crashes

Azerbaijan plane crashes

An Azerbaijani cargo plane with nine crew on board crashed into treacherous mountains outside the Afghan capital overnight where concerns are growing for those on board, officials said on Wednesday. The plane took off from Baku at 9:26 pm Tuesday (1626 GM
Published 07 Jul, 2011 12:00am
Azerbaijan plane crashes

Azerbaijan plane crashes

An Azerbaijani cargo plane with nine crew on board crashed into treacherous mountains outside the Afghan capital overnight where concerns are growing for those on board, officials said on Wednesday. The plane took off from Baku at 9:26 pm Tuesday (1626 GM
Published 07 Jul, 2011 12:00am
Blending of furnace oil: ECC ignores members' concerns about quality

Blending of furnace oil: ECC ignores members' concerns about quality

The Economic Co-ordination Committee (ECC) of the cabinet has reportedly ignored concerns of its own members about quality and control of locally blended high viscous furnace oil by the oil marketing companies (OMCs). The ECC in its meeting on June 30, 20
Published 07 Jul, 2011 12:00am
Blending of furnace oil: ECC ignores members' concerns about quality

Blending of furnace oil: ECC ignores members' concerns about quality

The Economic Co-ordination Committee (ECC) of the cabinet has reportedly ignored concerns of its own members about quality and control of locally blended high viscous furnace oil by the oil marketing companies (OMCs). The ECC in its meeting on June 30, 20
Published 07 Jul, 2011 12:00am
Blending of furnace oil: ECC ignores members'' concerns about quality

Blending of furnace oil: ECC ignores members'' concerns about quality

The Economic Co-ordination Committee (ECC) of the cabinet has reportedly ignored concerns of its own members about quality and control of locally blended high viscous furnace oil by the oil marketing companies (OMCs). The ECC in its meeting on June 30, 20
Published 07 Jul, 2011 12:00am
Pakistan pays as high as 22 percent tariff on textile exports to US

Pakistan pays as high as 22 percent tariff on textile exports to US

Pakistan pays as high as 22 percent tariff and as little as 12 percent on some textile exports to the United States of America (USA), sources told Business Recorder. "If the United States lifts trade restrictions and gives free access to Pakistani
Published 07 Jul, 2011 12:00am
Pakistan pays as high as 22 percent tariff on textile exports to US

Pakistan pays as high as 22 percent tariff on textile exports to US

Pakistan pays as high as 22 percent tariff and as little as 12 percent on some textile exports to the United States of America (USA), sources told Business Recorder. "If the United States lifts trade restrictions and gives free access to Pakistani
Published 07 Jul, 2011 12:00am
Pakistan pays as high as 22 percent tariff on textile exports to US

Pakistan pays as high as 22 percent tariff on textile exports to US

Pakistan pays as high as 22 percent tariff and as little as 12 percent on some textile exports to the United States of America (USA), sources told Business Recorder. "If the United States lifts trade restrictions and gives free access to Pakistani
Published 07 Jul, 2011 12:00am
Delayed Hajj flights: Saudi Arabia decides to impose penalty

Delayed Hajj flights: Saudi Arabia decides to impose penalty

Saudi Civil Aviation Authority has decided to impose cash penalty of SR10,000 to 15,000 on airlines, which fail to operate scheduled Hajj flights. According to a statement issued by the Saudi Aviation, Hajj flights reaching late in Saudi Arabia will be fi
Published 07 Jul, 2011 12:00am
Delayed Hajj flights: Saudi Arabia decides to impose penalty

Delayed Hajj flights: Saudi Arabia decides to impose penalty

Saudi Civil Aviation Authority has decided to impose cash penalty of SR10,000 to 15,000 on airlines, which fail to operate scheduled Hajj flights. According to a statement issued by the Saudi Aviation, Hajj flights reaching late in Saudi Arabia will be fi
Published 07 Jul, 2011 12:00am
Britain to pull 500 troops from Afghanistan: Cameron

Britain to pull 500 troops from Afghanistan: Cameron

Britain will withdraw a further 500 troops from Afghanistan by the end of next year, but will keep soldiers in the country in a training role until at least 2023, Prime Minister David Cameron said Wednesday. His confirmation that the second largest foreig
Published 07 Jul, 2011 12:00am
Britain to pull 500 troops from Afghanistan: Cameron

Britain to pull 500 troops from Afghanistan: Cameron

Britain will withdraw a further 500 troops from Afghanistan by the end of next year, but will keep soldiers in the country in a training role until at least 2023, Prime Minister David Cameron said Wednesday. His confirmation that the second largest foreig
Published 07 Jul, 2011 12:00am
PML-N, MQM break the ice

PML-N, MQM break the ice

Pakistan Muslim League-Nawaz (PML-N) and Muttahida Qaumi Movement (MQM) on Wednesday principally agreed to join hands for a stronger opposition in the parliament as well as provincial assemblies on national and public issues. However, there was no word on
Published 07 Jul, 2011 12:00am
PML-N, MQM break the ice

PML-N, MQM break the ice

Pakistan Muslim League-Nawaz (PML-N) and Muttahida Qaumi Movement (MQM) on Wednesday principally agreed to join hands for a stronger opposition in the parliament as well as provincial assemblies on national and public issues. However, there was no word on
Published 07 Jul, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Jul, 2011 12:00am
Saleem Shahzad murder case: Judicial commission calls senior journalists

Saleem Shahzad murder case: Judicial commission calls senior journalists

A judicial commission investigating the murder of journalist Syed Saleem Shahzad here on Wednesday called senior journalists to share information about the murder incident with the commission members. The commission also decided to summon complaint of the
Published 07 Jul, 2011 12:00am
Qaim orders stern action against trouble makers

Qaim orders stern action against trouble makers

Chief Minister Sindh, Syed Qaim Ali Shah presided over a high-level meeting to take up law and order situation prevailing in Karachi, at CM House here on Wednesday. The meeting was attended by Chief Secretary Sindh, Raja Muhammad Abbas, IG Police Sindh, W
Published 07 Jul, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 07 Jul, 2011 12:00am
Sri Lanka urgently need 50,000 head of cattle: Minister

Sri Lanka urgently need 50,000 head of cattle: Minister

Sri Lankan Minister for Industries and Commerce, Rishad Bathiudeen on Wednesday said that his country aims to boost economic, trade and commercial ties Pakistan. Sri Lanka is Pakistan's trading partner in Saarc and both the counties share common perceptio
Published 07 Jul, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jul, 2011 12:00am
Minister meets Japanese team

Minister meets Japanese team

There is a vast scope for Japanese private sector to invest in the energy sector of Pakistan both in brown and green field projects and to explore new avenues and investment opportunities available in various other sectors and the government intended to p
Published 07 Jul, 2011 12:00am
Board meetings in progress

Board meetings in progress

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

Published 07 Jul, 2011 12:00am
Amritsar truckers' dispute hits Pakistan, India trade

Amritsar truckers' dispute hits Pakistan, India trade

The conflict between two truck operators' unions has adversely affected trade between India and Pakistan through Attari-Wagah border. If no solution is reached, the import of goods from Pakistan may well be suspended in a day or two, Hindustan Times repor
Published 07 Jul, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jul, 2011 12:00am
Community policing to promote police-people liaison: CCPO

Community policing to promote police-people liaison: CCPO

Capital City Police Officer (CCPO), Ahamd Raza Tahir has said that a system of citizens' feedback would be strengthened by propagating community policing in order to create a better liaison between police and the people, besides helping in identification
Published 07 Jul, 2011 12:00am
HBL receives authorised derivatives dealer status

HBL receives authorised derivatives dealer status

Habib Bank Limited (HBL) has successfully acquired the status of an authorised derivatives dealer. HBL has already been active in the derivatives space for many years providing comprehensive service to its corporate and institutional client base. This sig
Published 07 Jul, 2011 12:00am
Cabinet meeting in Quetta on July 13

Cabinet meeting in Quetta on July 13

The meeting of the Federal Cabinet will be held in the provincial capital of Balochistan on July 13 (Wednesday). Balochistan Chief Minister Nawab Muhammad Aslam Raisani met Federal Minister for Interior, Senator Rehman A Malik here on Wednesday and discus
Published 07 Jul, 2011 12:00am
Kadanwari gas field ATA: CNG stations to observe two-day closure

Kadanwari gas field ATA: CNG stations to observe two-day closure

In a meeting called by the Sui Southern Gas Company (SSGC) management with the leading CNG associations of Pakistan here on Wednesday, it has been agreed that due to the annual-turn-around (ATA) of OMV Pakistan-operated Kadanwari gas ield, CNG stations wi
Published 07 Jul, 2011 12:00am
JSCL entity, TFC ratings maintained

JSCL entity, TFC ratings maintained

Pacra has maintained the long-term and short-term entity ratings of Jahangir Siddiqui and Company Limited (JSCL) at "AA" (double A) and "A1+" (A one plus), respectively. Meanwhile, the rating of the TFCs issues of Rs 1,100 million and Rs 1,250 million has
Published 07 Jul, 2011 12:00am
JSCL entity, TFC ratings maintained

JSCL entity, TFC ratings maintained

Pacra has maintained the long-term and short-term entity ratings of Jahangir Siddiqui and Company Limited (JSCL) at "AA" (double A) and "A1+" (A one plus), respectively. Meanwhile, the rating of the TFCs issues of Rs 1,100 million and Rs 1,250 million has
Published 07 Jul, 2011 12:00am
Pacra maintains ratings of ABL

Pacra maintains ratings of ABL

Pacra has maintained the long-term and short-term entity ratings of "AA" (Double A) and "A1+" (A one plus), respectively. Pacra has also maintained the rating of subordinated TFC (II) of PKR 3,000 million, issued by ABL, at "AA-" (Double A minus). These r
Published 07 Jul, 2011 12:00am
Pacra maintains ratings of ABL

Pacra maintains ratings of ABL

Pacra has maintained the long-term and short-term entity ratings of "AA" (Double A) and "A1+" (A one plus), respectively. Pacra has also maintained the rating of subordinated TFC (II) of PKR 3,000 million, issued by ABL, at "AA-" (Double A minus). These r
Published 07 Jul, 2011 12:00am
IPRA jury for Golden world awards announces winners

IPRA jury for Golden world awards announces winners

After deliberations in Lisbon Portugal the IPRA Jury for Golden world awards announced the winners in 27 categories. The Jury was drawn from 29 countries and Pakistan was represented by Zia Ul Islam Zuberi, Director Communications Siemens Pakistan.
Published 07 Jul, 2011 12:00am
Emirates' inflight entertainment continues to be world's best

Emirates' inflight entertainment continues to be world's best

For the seventh year in a row, Emirates Airline's 'ice' inflight entertainment system has been awarded the 'World's Best Airline Inflight Entertainment' award at the 2011 Skytrax World Airline Awards. The awards are based on voting by over 18.8 million ai
Published 07 Jul, 2011 12:00am
THE RUPEE: 10 paisa gain

THE RUPEE: 10 paisa gain

The rupee managed to recover on the interbank market on Wednesday on comfortable supply of dollar, money experts said. The rupee rose by 10 paisa in relation to dollar for buying and selling at 85.80 and 85.85, they said.
Published 07 Jul, 2011 12:00am
Wapda to build two irrigation dams in Balochistan

Wapda to build two irrigation dams in Balochistan

Pakistan Water and Power Development Authority (WAPDA) will construct Pelar and Garuk Dam projects in Balochistan with a view to help alleviate poverty through socio-economic uplift, developing irrigated agriculture in the remote areas of the province.
Published 07 Jul, 2011 12:00am
THE RUPEE: 10 paisa gain

THE RUPEE: 10 paisa gain

The rupee managed to recover on the interbank market on Wednesday on comfortable supply of dollar, money experts said. The rupee rose by 10 paisa in relation to dollar for buying and selling at 85.80 and 85.85, they said.
Published 07 Jul, 2011 12:00am
Meezan Bank supports World Islamic Finance Summit

Meezan Bank supports World Islamic Finance Summit

A memorandum of understanding (MoU) was signed on Wednesday by Meezan Bank Limited (MBL) with Publicitas Pvt Ltd (PPL) at the MBL head office to be the Technical Supporter for World Islamic Finance Summit (WIFS) 2011. This agreement was signed in the pres
Published 07 Jul, 2011 12:00am
EPZA records export of US $568 million during fiscal year 2010-11

EPZA records export of US $568 million during fiscal year 2010-11

The exports from Export Processing Zones Authority (EPZA) during the financial year July-June 2010-11 showed a record increase of US $568 million in the export as compared to the export of US $411 million in 2009-10. This shows a tremendous increase of US
Published 07 Jul, 2011 12:00am
Firing on Nato supply oil tanker near Shikarpur

Firing on Nato supply oil tanker near Shikarpur

Some unidentified armed men opened fire on a Nato supply oil tanker near Dost Waah on Shikarpur-Jacobabad Road in the jurisdiction of Sultankot police station on Wednesday. As a result of firing, the oil tanker overturned and its driver Willayat Pathan an
Published 07 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
13 pilot sites selected for automation in national savings

13 pilot sites selected for automation in national savings

Central Directorate of National Savings (CDNS) has accomplished another hallmark of success to fully computerise their National Savings Branch Networks to facilitate the valued account holders. The 13 pilot sites in Karachi were selected for automation in
Published 07 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
'Businessmen, guards to carry weapons for safety'

'Businessmen, guards to carry weapons for safety'

Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Saeed Shafiq, in a press statement, informed the business and industrial community and law enforcing agencies that businessmen having arms license need no permission to carry weapons for t
Published 07 Jul, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
Silkbank launches Munafa Rozana savings account

Silkbank launches Munafa Rozana savings account

Silkbank has launched an innovative savings account that pays profit in cash on a daily basis. Named "Silkbank Munafa Rozana", the unique savings account offers a high rate of daily profit, with withdrawal flexibility and convenience. Customers get profit
Published 07 Jul, 2011 12:00am
India says no indication on sending Pakistan's judicial commission

India says no indication on sending Pakistan's judicial commission

Indian Home Minister P. Chidambaram Wednesday said there was no indication from Pakistan on sending its judicial commission for pursuing 26/11 Mumbai terror attack case. "There is no indication from Pakistan if and when their team would be visiting India.
Published 07 Jul, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
Energy crisis costs two percent of GDP annually

Energy crisis costs two percent of GDP annually

Poor policymaking was considered main cause of the prevailing energy crisis in Pakistan leading to an annual 2 percent of Gross Domestic Product loss, revealed a report on power sector.
Published 07 Jul, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (July 06, 2011) and for Thursday (July 07, 2011).
Published 07 Jul, 2011 12:00am
Pakistan to support Afghan reconciliation process: Hina

Pakistan to support Afghan reconciliation process: Hina

Minister of State for Foreign Affairs Hina Rabbani Khar on Wednesday said Pakistan would continue supporting an Afghan-led and Afghan-owned process of reconciliation in Afghanistan. The Minister of State was talking to Chief of the Defence Staff of United
Published 07 Jul, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
NUST scientists develop 'Blast Protection Material'

NUST scientists develop 'Blast Protection Material'

The young scientists of the National University of Science and Technology (NUST) Islamabad have developed Blast Protection Material having capacity to absorb shock and can be applied upon existing construction. The project was sponsored by the Higher Educ
Published 07 Jul, 2011 12:00am
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