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Archive - 2011-07-12
Sudan to launch new currency
Africa

Sudan to launch new currency

KHARTOUM : Sudan will launch a new currency as part of a package of emergency economic measures, President Omar al-Bashi
Published 12 Jul, 2011 05:36pm
Contagion fears rattle euro
Financial

Contagion fears rattle euro

NEW YORK : The euro hit a four-month low against the dollar and another record low against the Swiss franc on Tuesday on
Published 12 Jul, 2011 05:08pm
Riots in Northern Ireland
Europe

Riots in Northern Ireland

BELFAST : Twenty-two police were injured when Irish nationalists rioted in Northern Ireland overnight, burning cars an
Published 12 Jul, 2011 03:08pm
BMW raises sales 2011, shares jump
Top News

BMW raises sales 2011, shares jump

FRANKFURT : German luxury carmaker BMW expects annual earnings will be significantly better than previously forecast, th
Published 12 Jul, 2011 01:29pm
US drone strikes kill 48 in Waziristan
Top News

US drone strikes kill 48 in Waziristan

MIRANSHAH: At least 48 suspected militants were killed by missiles launched by US drone aircraft in Pakistan's northwe
Published 12 Jul, 2011 01:13pm
Afghan president's brother assassinated
Top News

Afghan president's brother assassinated

KANDAHAR: Ahmed Wali Karzai, the younger brother of the Afghan president and a deeply controversial powerbroker in the t
Published 12 Jul, 2011 01:12pm
OGRA increases LPG price by Rs18 per kg
Top News

OGRA increases LPG price by Rs18 per kg

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Tuesday increased the price of imported Liquified Petroleum Ga
Published 12 Jul, 2011 01:12pm
Greek debt buyback
Money & Banking

Greek debt buyback

LONDON : The euro zone may be starting to get to grips with the Greek crisis. The idea of bond buybacks by the European
Published 12 Jul, 2011 12:12pm
Gas bus blast kills 15 in Islamabad
Top News

Gas bus blast kills 15 in Islamabad

ISLAMABAD: Fifteen people were Killed on Tuesday when the gas cylinder on their bus exploded on the main road between Is
Published 12 Jul, 2011 04:30am
Cement looks forward to FY12
BR Research

Cement looks forward to FY12

FY11 had been a testing year for the cement sector, with both external and domestic issues having brought down dispatches of the constructio
Published 12 Jul, 2011 12:00am
Mortgage Refinance Company
BR Research

Mortgage Refinance Company

The concept of affordable housing is often marketed by politicians to lure voters during their election campaigns. The irony is that despite
Published 12 Jul, 2011 12:00am
Assad loyalists storm US, French embassies

Assad loyalists storm US, French embassies

Several loyalists of President Bashar al-Assad broke into the US embassy in Damascus on Monday and security guards used live ammunition to prevent hundreds from storming the French embassy, diplomats said. They said the attackers tore down US embassy plaq
Published 12 Jul, 2011 12:00am
Strauss-Kahn sues woman accusing him of rape bid

Strauss-Kahn sues woman accusing him of rape bid

Former IMF boss Dominique Strauss-Kahn has filed a lawsuit for defamation against a young French writer who accuses him of trying to rape her in 2003, his lawyer said Monday. "It was filed, as we had announced, as soon as we learned of the launch of the p
Published 12 Jul, 2011 12:00am
Second Murdoch paper hacked British former Prime Minister

Second Murdoch paper hacked British former Prime Minister

Britain's former prime minister Gordon Brown had his phone hacked and bank account breached by The Sunday Times, another British newspaper owned by Rupert Murdoch's media empire, reports said Monday. The reports widen the scandal over widespread ph
Published 12 Jul, 2011 12:00am
Kidnappers free 27 Afghan deminers

Kidnappers free 27 Afghan deminers

Suspected militants on Monday freed 27 deminers snatched at gun point last week in Afghanistan after beheading some of their captives, a local official said. Thirty-one deminers were kidnapped last Wednesday instead of the 28 police earlier reported, said
Published 12 Jul, 2011 12:00am
German court fines bishop for denying Holocaust

German court fines bishop for denying Holocaust

Ultra-traditionalist bishop Richard Williamson was fined 6,500 euros on Monday by a German court for publicly denying the Holocaust in 2009, a court spokesman said. British-born Williamson, 71, who belongs to a controversial Catholic splinter group, Socie
Published 12 Jul, 2011 12:00am
Chile strike halts world's largest copper miner

Chile strike halts world's largest copper miner

Unionised workers at Chile's Codelco, the world's largest copper producer, announced a 24-hour strike Monday over modernisation plans they say would amount to the start of privatisation. The strike - the company's first in 18 years - will halt work at a s
Published 12 Jul, 2011 12:00am
Helicopter crashes in sea off Myanmar, killing three

Helicopter crashes in sea off Myanmar, killing three

A helicopter carrying crew from an offshore drilling rig crashed into the sea off Myanmar, killing three people on board. Eight were rescued. An oil company employee, speaking on condition of anonymity because he is not authorised to release information,
Published 12 Jul, 2011 12:00am
Storms hit air travel, spark power cuts in US midwest

Storms hit air travel, spark power cuts in US midwest

A line of powerful thunderstorms swept across the upper Midwest Monday, grounding hundreds of flights at Chicago's airports and cutting power to more than half a million homes and businesses in the region. The National Weather Service reported extensive d
Published 12 Jul, 2011 12:00am
Five die as Russian plane lands on river

Five die as Russian plane lands on river

A Russian passenger plane was forced to make an emergency landing on a Siberian river on Monday, killing at least five, and prompting President Dmitry Medvedev to call for the Soviet plane to be banned. The Antonov-24 belonging to the Angara airline was c
Published 12 Jul, 2011 12:00am
US forces attack Iraqi Shia insurgents, says Panetta

US forces attack Iraqi Shia insurgents, says Panetta

American forces in Iraq are going after Iran-backed Shia insurgents, who have killed 17 US soldiers in five weeks, US Defence Secretary Leon Panetta said in Baghdad on Monday. He is the latest top US official to arrive in Iraq asking officials to accept a
Published 12 Jul, 2011 12:00am
US spends too much money on military: China

US spends too much money on military: China

The United States is spending too much on its military in light of its recent economic troubles, China's top general said Monday while playing down his country's own military capabilities. The chief of the General Staff of the People's Liberation Army, Ch
Published 12 Jul, 2011 12:00am
France denies Qadhafi talks

France denies Qadhafi talks

France is growing impatient with the lack of progress on reaching a political solution to the crisis in Libya, but officials denied Paris is in talks with Qadhafi's government or could consider him not quitting power. Remarks by Defence Minister Gerard Lo
Published 12 Jul, 2011 12:00am
Turkish opposition lawmakers take parliamentary oath

Turkish opposition lawmakers take parliamentary oath

Lawmakers from Turkey's main opposition party took the parliamentary oath Monday, ending a row with the ruling party over the detention of several deputies elected in June's polls from behind bars. The Republican People's Party (CHP), which holds 135 seat
Published 12 Jul, 2011 12:00am
Bosnia marks massacre anniversary with mass burial

Bosnia marks massacre anniversary with mass burial

Hundreds of victims of the Srebrenica massacre were reburied on Monday as over 40,000 mourners looked on solemnly paying their respects on the 16th anniversary of the worst crime in Europe since the Nazi era. After a ceremony and collective prayer at the
Published 12 Jul, 2011 12:00am
Mall Road: 'ban on processions to be implemented'

Mall Road: 'ban on processions to be implemented'

Senior Advisor to Chief Minister Punjab, Sirdar Zulfiqar Ali Khan Khosa has said that implementation on ban of processions on Shahrah-e-Quaid-e-Azam (The Mall Road) would be ensured and legal action would be taken against the violators.
Published 12 Jul, 2011 12:00am
SU deans urged to conduct standard credit hours

SU deans urged to conduct standard credit hours

Vice Chancellor University of Sindh, Professor Dr Nazir A. Mughal has urged upon the deans to ensure that 12 credit hours are completed by each faculty and sought ideas for development of computer laboratories at the departmental level.
Published 12 Jul, 2011 12:00am
Changes in designations notified

Changes in designations notified

Sindh Local Government Department has issued a notification of establishing of District Councils (DCs) and Town Committees (TCs) with changing of designations of officers as per recently promulgated ordinance, reliable sources told Business Recorder</i
Published 12 Jul, 2011 12:00am
Youth parliament's session from July 13

Youth parliament's session from July 13

Pakistan Association for Young Leader's Development & Training, in collaboration with National Bank of Pakistan and Pakistan International Airlines, would hold five-day quarterly session of provincial youth assembly of Youth Parliament of Pakistan, here f
Published 12 Jul, 2011 12:00am
Four students attend 43rd Chemistry Olympiad at Ankara

Four students attend 43rd Chemistry Olympiad at Ankara

As many as four Pakistani students have left the country recently to attend the 43rd International Chemistry Olympiad (IChO), currently being held at Ankara, Turkey, which began from July 9. The STEM (Science, Technology, and Engineering & Mathematics) Ca
Published 12 Jul, 2011 12:00am
Concept of entrepreneurship explained

Concept of entrepreneurship explained

The fourth session of the 'Youth Leadership Development Programme 2011 on entrepreneurship, was organised by All Pakistan Memon Federation (APMF) Education Board at the National Museum on Sunday. Imran Azeem, Training Manager, Shell Livewire Trust explain
Published 12 Jul, 2011 12:00am
'Shoulder promotion': Sindh police told to demote 879 police officers

'Shoulder promotion': Sindh police told to demote 879 police officers

The Supreme Court on Monday directed Sindh Police to demote 879 police officers to their previous ranks within a week, promoted on the pretext of 'shoulder promotion' without following merit. The court also asked Establishment Division to submit record of
Published 12 Jul, 2011 12:00am
Customs valuations: KCCI body seeks improvement in system

Customs valuations: KCCI body seeks improvement in system

Chairman, Customs and Valuation Sub-committee of Karachi Chamber of Commerce and Industry (KCCI), Mohammad Ali Jangda has suggested that the system of customs valuation of goods should be modernised, old and outdated valuation rulings should be cancelled.
Published 12 Jul, 2011 12:00am
Need for evolving consensus on national issues underscored

Need for evolving consensus on national issues underscored

Political activists from different religious and liberal parties have stressed for national consensus on all key issues and called upon the mainstream political parties to jointly workout for pulling the country out of the prevailing crisis.
Published 12 Jul, 2011 12:00am
Brick kiln sector: withdrawal of tax demanded

Brick kiln sector: withdrawal of tax demanded

Member Finance Committee PPP Punjab, Samiullah Khan Durrani has urged the federal finance minister to withdraw 16 percent sales tax on the brick kiln sector. He said the construction sector is already under pressure due to slow economic growth and imposit
Published 12 Jul, 2011 12:00am
FIFA mum on World Cup 2022 'whistleblower'

FIFA mum on World Cup 2022 'whistleblower'

FIFA made no comment on the retraction of claims by a former bid official who alleged that Qatar paid bribes to three FIFA members to secure the World Cup in 2022. Phaedra al-Majid, who worked as a press officer for Qatar 2022, told the BBC on Sunday she
Published 12 Jul, 2011 12:00am
India, Pakistan set to play football series in England

India, Pakistan set to play football series in England

Cricket ties remain on hold but bitter neighbours India and Pakistan will resume their soccer rivalry next month with a series of three international friendlies in England, the All India Football Federation (AIFF) said on Monday. "Playing Pakistan is alwa
Published 12 Jul, 2011 12:00am
India post first-ever Test, ODI series win versus West Indies

India post first-ever Test, ODI series win versus West Indies

India settled for a draw in the third and final Test against the West Indies after rock-solid century-maker Shivnarine Chanderpaul and the home bowlers gave them a fight on Sunday. Chasing 180 for victory, India finished on 94 for three, deciding to bring
Published 12 Jul, 2011 12:00am
New arrests in Turkey match-fix probe

New arrests in Turkey match-fix probe

Police arrested the president of Champions League hopefuls Trabzonspor and the former head of Turkey's football federation on Monday as part of a widening match-fixing probe, a report said. Sadri Sener, whose club were runners-up in last season's Turkish
Published 12 Jul, 2011 12:00am
Isner sets historic win

Isner sets historic win

American John Isner used his overpowering serve to become the first top seed to win the title in the 35-year history of the ATP Hall of Fame Tennis Championships on Sunday. The 2.08 metre (6ft 9in) Isner defeated Belgian Olivier Rochus 6-3, 7-6 (8/6) on N
Published 12 Jul, 2011 12:00am
Pakistan stun Ireland in World Snooker opener

Pakistan stun Ireland in World Snooker opener

Pakistan got off to a great start when they shocked Ireland 3-2 on the opening day of World Cup Snooker Team Championship in Bangkok on Monday. National Champion Shahid Aftab produced a sterling show in Pakistan's fighting show as he won both his singles
Published 12 Jul, 2011 12:00am
Serbia survive Djokovic blow, set-up Argentina semi

Serbia survive Djokovic blow, set-up Argentina semi

Defending Davis Cup champions Serbia shrugged off the absence of Wimbledon winner Novak Djokovic to wrap up a 4-1 win over Sweden and book a semi-final date against Argentina on Sunday. Janko Tipsarevic earned the crucial point, beating Michael Ryderstedt
Published 12 Jul, 2011 12:00am
K-League to double wages to curb graft

K-League to double wages to curb graft

South Korea's professional football league said Monday it would double the players' minimum wage to try to curtail corruption as the fallout from a major match-fixing scandal widens. The K-League said it would raise the annual minimum wage from 12 million
Published 12 Jul, 2011 12:00am
Brazilian coffee areas dry, warmer for the next week

Brazilian coffee areas dry, warmer for the next week

Coffee areas in world top grower Brazil will stay warm and dry over the next week, with no new waves of cold expected, leaving little chance of crop-damaging frost, forecaster Somar predicted Monday. Minimum temperatures will be in the double digits in al
Published 12 Jul, 2011 12:00am
China's copper demand stages comeback in June

China's copper demand stages comeback in June

China's copper staged a strong comeback in June, but the outlook was marred by falls in a list of other key commodities, showing that Beijing's cooling measures were weighing on the economy. Crude oil imports fell 11.5 percent from a year ago to their low
Published 12 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 180,108 tonnes of cargo including 119,716 tonnes of import cargo, 60,392 tonnes of export cargo and 5,358 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 119,716 tonnes compr
Published 12 Jul, 2011 12:00am
Russian grain prices fall despite winning tenders

Russian grain prices fall despite winning tenders

Most Russian grain prices, including wheat, fell last week despite some winning tenders though prices at shallow water ports rose on export demand, analysts said. Despite winning Egyptian and Jordanian tenders, the FOB price of 11.5 percent protein wheat
Published 12 Jul, 2011 12:00am
India's 2011-12 iron ore exports seen at 85-90 million tonne

India's 2011-12 iron ore exports seen at 85-90 million tonne

India's iron ore exports for 2011/12 are seen at about 85-90 million tonnes, down 10.5 percent from an earlier forecast, a trade body official said on Monday, painting a "bleak" export outlook due to disruptions in shipment from a southern state.
Published 12 Jul, 2011 12:00am
Indonesian rubber prices seen above $4/kg in second-half

Indonesian rubber prices seen above $4/kg in second-half

Indonesian rubber prices could stay above $4 a kg in the second half of this year on steady demand from tyre makers, but are unlikely to revisit a life-time high struck earlier this year, the Indonesian Rubber Association (Gapkindo) said on Monday.
Published 12 Jul, 2011 12:00am
India's panel of ministers allows export of rice, wheat

India's panel of ministers allows export of rice, wheat

India has agreed to allow 1 million tonnes of common rice exports and an unspecified amount of wheat, government sources said on Monday, as it weighs managing millions of tonnes of grains stockpiles with fighting persistently high inflation.
Published 12 Jul, 2011 12:00am
Cotton rates firm on hopes of rise in exports of textile items

Cotton rates firm on hopes of rise in exports of textile items

Prices remained firm on the cotton market on Monday as buyers were interested in fresh buying on anticipation of rise in the rates, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,800, they said.
Published 12 Jul, 2011 12:00am
Grain market stay shut

Grain market stay shut

Due to poor law and order situation, like many other businesses in the metropolis, grain and wholesale markets also remained shut in the small hours on Monday, dealer said. Dealers who came to their workplaces had to return home. The businessmen of the po
Published 12 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 12 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 12 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 Monday (July 11, 2011).

Published 12 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 Monday (July 11, 2011).

Published 12 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 Monday (July 11, 2011).

Published 12 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 Monday (July 11, 2011).

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

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (July 11, 2011).
Published 12 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (July 11, 2011).

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

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (July 11, 2011).

Published 12 Jul, 2011 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (July 11, 2011).
Published 12 Jul, 2011 12:00am
Two killed in arms depot blasts

Two killed in arms depot blasts

In a series of explosions at an arms depot near Kakpul area of Sihala on the outskirts of Islamabad two persons were killed and many others were injured. Three huge blasts were heard in an arms and ammunition depot of Pakistan Army near Kakpul, at Islamab
Published 12 Jul, 2011 12:00am
Two killed in arms depot blasts

Two killed in arms depot blasts

In a series of explosions at an arms depot near Kakpul area of Sihala on the outskirts of Islamabad two persons were killed and many others were injured. Three huge blasts were heard in an arms and ammunition depot of Pakistan Army near Kakpul, at Islamab
Published 12 Jul, 2011 12:00am
Suicide bomber kills eight in Batgram

Suicide bomber kills eight in Batgram

A suicide bomber blew himself up as he was being searched at a political rally in Batgram on Monday, killing eight people, officials said. The rally was organised by Ameer Muqam, a senior member of the Pakistan Muslim League-Q party, but he had not yet ar
Published 12 Jul, 2011 12:00am
Suicide bomber kills eight in Batgram

Suicide bomber kills eight in Batgram

A suicide bomber blew himself up as he was being searched at a political rally in Batgram on Monday, killing eight people, officials said. The rally was organised by Ameer Muqam, a senior member of the Pakistan Muslim League-Q party, but he had not yet ar
Published 12 Jul, 2011 12:00am
Funds of district governments, TMAs seized

Funds of district governments, TMAs seized

Excluding salaries, the Sindh government has seized all funds of City District Government of Karachi (CDGK) and District Governments and Taulka Municipal Administrations (TMAs), sources told Business Recorder. After promulgation of the ordinance re
Published 12 Jul, 2011 12:00am
Funds of district governments, TMAs seized

Funds of district governments, TMAs seized

Excluding salaries, the Sindh government has seized all funds of City District Government of Karachi (CDGK) and District Governments and Taulka Municipal Administrations (TMAs), sources told Business Recorder. After promulgation of the ordinance re
Published 12 Jul, 2011 12:00am
Funds of district governments, TMAs seized

Funds of district governments, TMAs seized

Excluding salaries, the Sindh government has seized all funds of City District Government of Karachi (CDGK) and District Governments and Taulka Municipal Administrations (TMAs), sources told Business Recorder. After promulgation of the ordinance re
Published 12 Jul, 2011 12:00am
Transit trade agreement: Islamabad and Kabul failed to implement

Transit trade agreement: Islamabad and Kabul failed to implement

Pakistan and Afghanistan have reportedly failed to implement the much talked about transit trade agreement as Pakistani insurance companies are unwilling to extend financial guarantees on goods on behalf of Afghan banks, sources told Business Recorder
Published 12 Jul, 2011 12:00am
Transit trade agreement: Islamabad and Kabul failed to implement

Transit trade agreement: Islamabad and Kabul failed to implement

Pakistan and Afghanistan have reportedly failed to implement the much talked about transit trade agreement as Pakistani insurance companies are unwilling to extend financial guarantees on goods on behalf of Afghan banks, sources told Business Recorder
Published 12 Jul, 2011 12:00am
Transit trade agreement: Islamabad and Kabul failed to implement

Transit trade agreement: Islamabad and Kabul failed to implement

Pakistan and Afghanistan have reportedly failed to implement the much talked about transit trade agreement as Pakistani insurance companies are unwilling to extend financial guarantees on goods on behalf of Afghan banks, sources told Business Recorder
Published 12 Jul, 2011 12:00am
KPT berths repair/reconstruction: Rs 109 million duty evasion detected

KPT berths repair/reconstruction: Rs 109 million duty evasion detected

Evasion of customs duty to the extent of over Rs 109 million in the reconstruction of berths 10 to 14 and Ship Repair Berths (SRBs) of East Wharf at a cost of Rs 5,511,426,875 has been detected by the Director Intelligence, Directorate General Intelligenc
Published 12 Jul, 2011 12:00am
KPT berths repair/reconstruction: Rs 109 million duty evasion detected

KPT berths repair/reconstruction: Rs 109 million duty evasion detected

Evasion of customs duty to the extent of over Rs 109 million in the reconstruction of berths 10 to 14 and Ship Repair Berths (SRBs) of East Wharf at a cost of Rs 5,511,426,875 has been detected by the Director Intelligence, Directorate General Intelligenc
Published 12 Jul, 2011 12:00am
KPT berths repair/reconstruction: Rs 109 million duty evasion detected

KPT berths repair/reconstruction: Rs 109 million duty evasion detected

Evasion of customs duty to the extent of over Rs 109 million in the reconstruction of berths 10 to 14 and Ship Repair Berths (SRBs) of East Wharf at a cost of Rs 5,511,426,875 has been detected by the Director Intelligence, Directorate General Intelligenc
Published 12 Jul, 2011 12:00am
Spanish surgeons claim first double-leg transplant

Spanish surgeons claim first double-leg transplant

Spanish surgeons Monday performed the world's first double-leg transplant on a man whose legs were amputated above the knee after an accident, officials said. Surgeons operated through the night on the man, who had faced life in a wheelchair because prost
Published 12 Jul, 2011 12:00am
Spanish surgeons claim first double-leg transplant

Spanish surgeons claim first double-leg transplant

Spanish surgeons Monday performed the world's first double-leg transplant on a man whose legs were amputated above the knee after an accident, officials said. Surgeons operated through the night on the man, who had faced life in a wheelchair because prost
Published 12 Jul, 2011 12:00am
Margin Eligible Securities: KSE notifies new list

Margin Eligible Securities: KSE notifies new list

Karachi Stock Exchange (KSE) has notified the new list of Margin Eligible Securities acceptable by the exchange as collateral. According to a KSE notice issued here on Monday, the exchange has notified this new list in accordance with regulations governin
Published 12 Jul, 2011 12:00am
Margin Eligible Securities: KSE notifies new list

Margin Eligible Securities: KSE notifies new list

Karachi Stock Exchange (KSE) has notified the new list of Margin Eligible Securities acceptable by the exchange as collateral. According to a KSE notice issued here on Monday, the exchange has notified this new list in accordance with regulations governin
Published 12 Jul, 2011 12:00am
Margin Eligible Securities: KSE notifies new list

Margin Eligible Securities: KSE notifies new list

Karachi Stock Exchange (KSE) has notified the new list of Margin Eligible Securities acceptable by the exchange as collateral. According to a KSE notice issued here on Monday, the exchange has notified this new list in accordance with regulations governin
Published 12 Jul, 2011 12:00am
Index sheds 98.22 points

Index sheds 98.22 points

The prevailing political and law and situation affected investors' sentiment and the KSE-100 index on Monday declined by 98.22 points to close at 12,291.90 points, despite foreign investors' support. Foreign investors were net buyers of shares worth $2.7
Published 12 Jul, 2011 12:00am
Index sheds 98.22 points

Index sheds 98.22 points

The prevailing political and law and situation affected investors' sentiment and the KSE-100 index on Monday declined by 98.22 points to close at 12,291.90 points, despite foreign investors' support. Foreign investors were net buyers of shares worth $2.7
Published 12 Jul, 2011 12:00am
Index sheds 98.22 points

Index sheds 98.22 points

The prevailing political and law and situation affected investors'' sentiment and the KSE-100 index on Monday declined by 98.22 points to close at 12,291.90 points, despite foreign investors'' support. Foreign investors were net buyers of shares worth $2.
Published 12 Jul, 2011 12:00am
BRIndex30 down 38.39 points

BRIndex30 down 38.39 points

On Monday, the BRIndex30 opened at 8,747.16 points. It touched the intra-day high of 8,772.72 points and low of 8,702.52 points and closed at 8,708.77 points with a net negative change of -38.39 points, or -0.44 percent lower than previous close.
Published 12 Jul, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Jul, 2011 12:00am
BRIndex30 down 38.39 points

BRIndex30 down 38.39 points

On Monday, the BRIndex30 opened at 8,747.16 points. It touched the intra-day high of 8,772.72 points and low of 8,702.52 points and closed at 8,708.77 points with a net negative change of -38.39 points, or -0.44 percent lower than previous close.
Published 12 Jul, 2011 12:00am
Deputy Air Force chief grilled by commission

Deputy Air Force chief grilled by commission

The second meeting of the Inquiry Commission on Abbottabad Operation was held here on Monday in the Committee Room of the Cabinet Division with Justice Javed Iqbal, Senior Most Judge of the Supreme Court of Pakistan and President of the Commission in the
Published 12 Jul, 2011 12:00am
Deputy Air Force chief grilled by commission

Deputy Air Force chief grilled by commission

The second meeting of the Inquiry Commission on Abbottabad Operation was held here on Monday in the Committee Room of the Cabinet Division with Justice Javed Iqbal, Senior Most Judge of the Supreme Court of Pakistan and President of the Commission in the
Published 12 Jul, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 12 Jul, 2011 12:00am
US attempts to defend its decision

US attempts to defend its decision

The US administration Monday defended its decision to suspend $800 million of military aid to Pakistan, saying its uneasy ally needed to make a greater effort in the fight against Islamists. "When it comes to our military assistance, we're not prepared to
Published 12 Jul, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Jul, 2011 12:00am
US attempts to defend its decision

US attempts to defend its decision

The US administration Monday defended its decision to suspend $800 million of military aid to Pakistan, saying its uneasy ally needed to make a greater effort in the fight against Islamists. "When it comes to our military assistance, we're not prepared to
Published 12 Jul, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Jul, 2011 12:00am
India welcomes suspending aid

India welcomes suspending aid

India on Monday welcomed the United States' decision to suspend $800 million worth of military aid to its arch-rival Pakistan. "It is not desirable that this region had to be heavily armed by the US, which will upset the equilibrium in the region itself,"
Published 12 Jul, 2011 12:00am
India welcomes suspending aid

India welcomes suspending aid

India on Monday welcomed the United States' decision to suspend $800 million worth of military aid to its arch-rival Pakistan. "It is not desirable that this region had to be heavily armed by the US, which will upset the equilibrium in the region itself,"
Published 12 Jul, 2011 12:00am
US decision may harm economy

US decision may harm economy

A US decision to suspend $800 million in military aid will not affect Pakistani army operations, its spokesman said on Monday, but analysts say the move is likely to fray ties and could harm the country's economy.
Published 12 Jul, 2011 12:00am
US decision may harm economy

US decision may harm economy

A US decision to suspend $800 million in military aid will not affect Pakistani army operations, its spokesman said on Monday, but analysts say the move is likely to fray ties and could harm the country's economy.
Published 12 Jul, 2011 12:00am
US decision may harm economy

US decision may harm economy

A US decision to suspend $800 million in military aid will not affect Pakistani army operations, its spokesman said on Monday, but analysts say the move is likely to fray ties and could harm the country''s economy.
Published 12 Jul, 2011 12:00am
Corps commanders meeting likely

Corps commanders meeting likely

Pakistan army has called a corps commanders meeting with one agenda item: to evolve a strategy in response to United States' decision to suspend $800 million aid to Pakistan, defence sources disclosed. The White House has withheld some $800 million in mil
Published 12 Jul, 2011 12:00am
Corps commanders meeting likely

Corps commanders meeting likely

Pakistan army has called a corps commanders meeting with one agenda item: to evolve a strategy in response to United States' decision to suspend $800 million aid to Pakistan, defence sources disclosed. The White House has withheld some $800 million in mil
Published 12 Jul, 2011 12:00am
Textile: five days per week gas supply worked out

Textile: five days per week gas supply worked out

The government has revised gas load management plan for textile industry, according to which gas would be supplied five days a week, sources said. The Sui Northern Gas Pipeline (SNGPL) has issued a notification according to which only two days a week gas
Published 12 Jul, 2011 12:00am
Textile: five days per week gas supply worked out

Textile: five days per week gas supply worked out

The government has revised gas load management plan for textile industry, according to which gas would be supplied five days a week, sources said. The Sui Northern Gas Pipeline (SNGPL) has issued a notification according to which only two days a week gas
Published 12 Jul, 2011 12:00am
Textile: five days per week gas supply worked out

Textile: five days per week gas supply worked out

The government has revised gas load management plan for textile industry, according to which gas would be supplied five days a week, sources said. The Sui Northern Gas Pipeline (SNGPL) has issued a notification according to which only two days a week gas
Published 12 Jul, 2011 12:00am
Haqqani sees forward movement on US aid

Haqqani sees forward movement on US aid

Pakistan's ambassador to the United States voiced hope Monday that a rift over suspension of military aid would not spiral downward and stressed that most US assistance to his country was still coming. The United States has suspended $800 million in secur
Published 12 Jul, 2011 12:00am
THE RUPEE: dollar higher marginally

THE RUPEE: dollar higher marginally

Marginal decline was witnessed in the rupee value against dollar on the currency market on Monday in process of trading, experts said. The rupee fell in relation to dollar by four paisa for buying at 85.94 and domestic currency shed three paisa for sellin
Published 12 Jul, 2011 12:00am
Bangladesh crash kills 53 schoolboys after football match

Bangladesh crash kills 53 schoolboys after football match

A bus carrying scores of Bangladeshi schoolboys celebrating a football match victory against another school plunged off a hill road on Monday killing at least 53, police said. The accident happened at Mirersarai, 240 km (150 miles) south-east of the capit
Published 12 Jul, 2011 12:00am
THE RUPEE: dollar higher marginally

THE RUPEE: dollar higher marginally

Marginal decline was witnessed in the rupee value against dollar on the currency market on Monday in process of trading, experts said. The rupee fell in relation to dollar by four paisa for buying at 85.94 and domestic currency shed three paisa for sellin
Published 12 Jul, 2011 12:00am
LSE index down 13.15 points

LSE index down 13.15 points

Bears dominated the proceedings at Lahore Stock Exchange (LSE) on Monday where equities showed negative signs amid descending transaction volume. The LSE-25 index moved down to 3109.87 points against 3123.02 points of last Friday, showing a decline of 13.
Published 12 Jul, 2011 12:00am
LSE index down 13.15 points

LSE index down 13.15 points

Bears dominated the proceedings at Lahore Stock Exchange (LSE) on Monday where equities showed negative signs amid descending transaction volume. The LSE-25 index moved down to 3109.87 points against 3123.02 points of last Friday, showing a decline of 13.
Published 12 Jul, 2011 12:00am
ISE index loses 26.32 points

ISE index loses 26.32 points

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 26.32 points from 2,768.15 points to 2,741.83 points. Turnover amounted to 23,800 shares as c
Published 12 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 11, 2011).

Published 12 Jul, 2011 12:00am
ISE index loses 26.32 points

ISE index loses 26.32 points

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 26.32 points from 2,768.15 points to 2,741.83 points. Turnover amounted to 23,800 shares as c
Published 12 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 11, 2011).

Published 12 Jul, 2011 12:00am
Eurozone mulls Greek options, concerns spread to Italy

Eurozone mulls Greek options, concerns spread to Italy

EU finance officials discussed options for resolving Greece's intractable debt crisis on Monday, galvanised by the growing threat of contagion to Italy, the eurozone's third-largest economy. European Union sources told Reuters the Eurogroup of 17 eurozone
Published 12 Jul, 2011 12:00am
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