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Archive - 2011-07-21
India's food inflation at 7.58pc y/y
Top News

India's food inflation at 7.58pc y/y

NEW DELHI : India 's food price index rose 7.58 percent and the fuel price index climbed 11.89 percent in the year to J
Published 21 Jul, 2011 07:11pm
Gold jumps to record Rs43,971
Markets

Gold jumps to record Rs43,971

KARACHI: Gold surged by Rs 343 to all time high of Rs 43,971 per 10 grams in the local market Thursday, as its internati
Published 21 Jul, 2011 04:45pm
FPCCI for supporting leasing sector
Top News

FPCCI for supporting leasing sector

ISLAMABAD: Chairman Coordination, Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Raza Khan on Thursday
Published 21 Jul, 2011 10:37am
Rs900m pledged for Thar Coal Project
Top News

Rs900m pledged for Thar Coal Project

ISLAMABAD : The Federal Ministry of Finance and Economic Affairs on Thursday pledged Rs 900 million for the Thar Coal Ga
Published 21 Jul, 2011 08:52am
President performs Umrah
Top News

President performs Umrah

MAKKAH: President Asif Ali Zardari and members of his delegation performed Umrah and visited the Rooza-e-Rasool (PBUH) t
Published 21 Jul, 2011 08:50am
Asian nations hold 'positive' talks
Top News

Asian nations hold 'positive' talks

NUSA DUA: Southeast Asian foreign ministers held wide-ranging talks with their counterparts from China, Japan and South
Published 21 Jul, 2011 08:12am
Forex reserves rise to $18.23bn
Top News

Forex reserves rise to $18.23bn

KARACHI: Foreign exchange reserves rose to $18.23 billion in the week ending July 16, from $18.11 billion the previous w
Published 21 Jul, 2011 07:25am
Four killed in Jaffarabad blast
Top News

Four killed in Jaffarabad blast

JAFFARABAD: An Oil and Gas Development Corporation (OGDCL) car which was carrying OGDCL employees was targeted in a remo
Published 21 Jul, 2011 07:23am
Japan posts surprise trade surplus
Top News

Japan posts surprise trade surplus

TOKYO: Japan posted its first trade surplus in three months in June, data showed Thursday, indicating that the world's t
Published 21 Jul, 2011 06:33am
Crude prices mixed in Asia
Energy

Crude prices mixed in Asia

SINGAPORE : Crude prices were mixed in Asian trade Thursday as dealers await the outcome of eurozone crisis talks aimed
Published 21 Jul, 2011 05:41am
Export boom or price bonanza?
BR Research

Export boom or price bonanza?

The Balance of Payments experienced a positive shock when Pakistan experienced an increase of 28 percent in export receipts that shot up fro
Published 21 Jul, 2011 12:00am
Not so business-unfriendly yet
BR Research

Not so business-unfriendly yet

When 85 percent of the economies surveyed by the World Bank for its report "Doing Business 2011" improved in terms of making it easier to co
Published 21 Jul, 2011 12:00am
Coke profit surprises; shares touch new high

Coke profit surprises; shares touch new high

Coca-Cola Co posted slightly better-than-expected earnings on Tuesday on strength in emerging markets such as China and Russia, helping to send its shares up more than 3 percent to a 12-year high.
Published 21 Jul, 2011 12:00am
EU plan for bicycle duties angers Chinese exporters

EU plan for bicycle duties angers Chinese exporters

The European Union is set to extend import duties on Chinese-made bicycles and parts until 2014, according to a document seen by Reuters, in a move that may anger Chinese exporters and worsen EU-China trade ties.
Published 21 Jul, 2011 12:00am
No lbw reviews in England and India series

No lbw reviews in England and India series

There will be no reviews of lbw decisions during the forthcoming England-India Test and one-day series, the International Cricket Council (ICC) announced Wednesday. Indian concerns over the reliability of ball-tracking technology meant the ICC was unable
Published 21 Jul, 2011 12:00am
Dhoni glad to be part of 2,000th Test

Dhoni glad to be part of 2,000th Test

India captain Mahendra Singh Dhoni said he was proud to be playing in cricket's 2,000th Test match, which will take place when he leads his side against England at Lord's here on Thursday. "Obviously you can look at the number and feel good about it, beca
Published 21 Jul, 2011 12:00am
No one better than us: Strauss

No one better than us: Strauss

England captain Andrew Strauss believes that his team have been the best in the world for the last two years and have the weapons to topple India from the top of the Test rankings. India are currently number one in the ICC's Test Championship table and En
Published 21 Jul, 2011 12:00am
EPL could have goal-line technology by 2012-13

EPL could have goal-line technology by 2012-13

Goal-line technology could be introduced to the English Premier League in time for the 2012/2013 season, chief executive Richard Scudamore said Wednesday. Writing in a review of the Premier League season to be distributed to British lawmakers later Wednes
Published 21 Jul, 2011 12:00am
Collins Obuya named Kenya's captain

Collins Obuya named Kenya's captain

All-rounder Collins Obuya was named as Kenya's new national cricket captain to replace Jimmy Kamande who was sacked after the disastrous 2011 World Cup campaign, Cricket Kenya said.
Published 21 Jul, 2011 12:00am
Basketball icon Yao Ming retires

Basketball icon Yao Ming retires

China's Yao Ming, who opened up the world's most populous country to the NBA and became an Asian sporting icon, officially announced the end of his basketball career on Wednesday. The towering 30-year-old had been plagued by foot and ankle injuries toward
Published 21 Jul, 2011 12:00am
Sri Lanka names squad but not skipper

Sri Lanka names squad but not skipper

Sri Lanka on Wednesday announced its One-day and T20 squad for Australia's tour of the island next month, but stopped short of naming a skipper. Tillakaratne Dilshan, who was named captain for the just concluded tour of England, was included in the 20-man
Published 21 Jul, 2011 12:00am
Voeckler still in yellow as Contador attacks again

Voeckler still in yellow as Contador attacks again

Luxembourg's Andy Schleck soaked up a late attack from yellow jersey rival Alberto Contador as the Tour de France moved a step closer to the final two mountain stages Wednesday. Overnight race leader Thomas Voeckler avoided two late crashes in the hectic
Published 21 Jul, 2011 12:00am
Uruguay oust Peru to reach Copa America final

Uruguay oust Peru to reach Copa America final

Uruguay reached the Copa America final on Tuesday with a 2-0 win over Peru to book a showdown with either giantkillers Venezuela or Paraguay. Liverpool star Luis Suarez scored both goals in the second half at La Plata as the Uruguayans, who put out hosts
Published 21 Jul, 2011 12:00am
Phelps back in China as doping dominates

Phelps back in China as doping dominates

US swimming great Michael Phelps returned to China Wednesday looking for the form that swept him into the history books at the Beijing Olympics, as a major doping row clouded the world championships.
Published 21 Jul, 2011 12:00am
Medals table

Medals table

World championships medals table after the fifth day of competition on Wednesday:

Published 21 Jul, 2011 12:00am
Rice and wheat prices higher on grain market

Rice and wheat prices higher on grain market

Upward trend was witnessed on the wholesale grain market on Wednesday as buying improved by retailers to meet the consumers' demand during the month of Ramazan, dealers said. On the rice sector Irri-6 Sindh gained Rs 50 to Rs 3800-3900, Irri-white low typ
Published 21 Jul, 2011 12:00am
Spot rate, lint prices fall further on cotton market

Spot rate, lint prices fall further on cotton market

As a result of ginners' hasty attitude, prices fell further on the cotton market on Wednesday, dealers said The Karachi Cotton Association (KCA) official spot continued fall, curtailed by Rs 200 to Rs 5,800, they said.
Published 21 Jul, 2011 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was unchanged and the December contract was higher on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The July contract that had closed at 1427.50 opened with no change due to slow demand.
Published 21 Jul, 2011 12:00am
EU wheat prices up in US markets on weather concerns

EU wheat prices up in US markets on weather concerns

Wheat prices in western European markets rose on Tuesday buoyed by a bounce on US grains markets and weather concerns in major wheat producers such as France and Germany, traders said. By 1206 GMT, benchmark November on Euronext milling wheat futures were
Published 21 Jul, 2011 12:00am
Indonesia's cocoa exports drop over 40 percent

Indonesia's cocoa exports drop over 40 percent

Indonesia's cocoa bean exports from the main growing island of Sulawesi dropped more than 40 percent to 64,591 tonnes in January-June as bad harvest hit production in the world's third-largest producer, industry data showed on Tuesday.
Published 21 Jul, 2011 12:00am
Ukraine's 2011 rapeseed crop may fall: Oil World

Ukraine's 2011 rapeseed crop may fall: Oil World

Ukraine's 2011 rapeseed crop could fall to 1.3-1.4 million tonnes in 2011, down from 1.47 million tonnes harvested in 2010 in the key exporting country, Hamburg-based oilseeds analysts Oil World said on Tuesday. Ukraine's disappointing crop could further
Published 21 Jul, 2011 12:00am
Deutsche Bank declares profit rates

Deutsche Bank declares profit rates

Deutsche Bank AG has declared the following rates of profit on PLS deposits for the period of six months from 1st January to 30th June 2011.
Published 21 Jul, 2011 12:00am
Deutsche Bank declares profit rates

Deutsche Bank declares profit rates

Deutsche Bank AG has declared the following rates of profit on PLS deposits for the period of six months from 1st January to 30th June 2011.
Published 21 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 96,844 tonnes of cargo including 70,574 tonnes of import cargo, 26,270 tonnes of export cargo and 3,164 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday.
Published 21 Jul, 2011 12:00am
SRO.333 (I)/2011: FBR may restrict scope of blanket exemption

SRO.333 (I)/2011: FBR may restrict scope of blanket exemption

There is a strong possibility that the Federal Board of Revenue (FBR) may restrict the scope of the blanket exemption granted under SRO.333 (I)/2011 to check the amount credited to the books of accounts of sellers, suppliers or service providers of five z
Published 21 Jul, 2011 12:00am
SRO.333 (I)/2011: FBR may restrict scope of blanket exemption

SRO.333 (I)/2011: FBR may restrict scope of blanket exemption

There is a strong possibility that the Federal Board of Revenue (FBR) may restrict the scope of the blanket exemption granted under SRO.333 (I)/2011 to check the amount credited to the books of accounts of sellers, suppliers or service providers of five z
Published 21 Jul, 2011 12:00am
Gold prices fall

Gold prices fall

The prices of gold fell to Rs 50,900 per tola on Wednesday from the record high Rs 51,150 the other day, after the international prices of the yellow metal reduced to $1,587 an ounce, traders said.
Published 21 Jul, 2011 12:00am
SHC's Justice Tufail resigns

SHC's Justice Tufail resigns

Justice Tufail H Ibrahim of Sindh High Court (SHC) has resigned from the office of high court judge, on Wednesday. According to a private television channel, Justice Tufail has submitted his resignation with the SHC Registrar. It should be mentioned here
Published 21 Jul, 2011 12:00am
Police slammed for baton charge on protestors

Police slammed for baton charge on protestors

Pakistan Tahreek-e-Insaf (PTI) Punjab office bearers on Tuesday condemned police for baton charge on the protesters in Kasur, who were peacefully protesting against the eighteen hours load-shedding in the city.
Published 21 Jul, 2011 12:00am
Free UAE visa for UBL cardholders

Free UAE visa for UBL cardholders

UBL in collaboration with Etihad Airways, the National Airline of United Arab Emirates, has introduced an enhanced value proposition for their customers.
Published 21 Jul, 2011 12:00am
DYL champion technical competition

DYL champion technical competition

DYL motorcycles has always focused the customer satisfaction and the same corporate philosophy is reflected in all the activities and plans. DYL strives to deliver a high quality product to its customers with a strong backup support of after sales service
Published 21 Jul, 2011 12:00am
Board to conduct detailed desk audit of ghee/cooking oil makers

Board to conduct detailed desk audit of ghee/cooking oil makers

The Federal Board of Revenue (FBR) has decided to conduct detailed desk audit of income tax and sales tax returns of edible oil industry including ghee and cooking oil manufacturers for tax year 2010 and tax year 2011 to check trends of payment of duties
Published 21 Jul, 2011 12:00am
Board to conduct detailed desk audit of ghee/cooking oil makers

Board to conduct detailed desk audit of ghee/cooking oil makers

The Federal Board of Revenue (FBR) has decided to conduct detailed desk audit of income tax and sales tax returns of edible oil industry including ghee and cooking oil manufacturers for tax year 2010 and tax year 2011 to check trends of payment of duties
Published 21 Jul, 2011 12:00am
CBA ends KESC head office siege

CBA ends KESC head office siege

The Karachi Electric Supply Company (KESC) CBA union late Wednesday night ended the siege of the head office, after Sindh Home Minister Manzoor Wassan and Commissioner Karachi talked to the workers, Aaj News reported.
Published 21 Jul, 2011 12:00am
Moderates condemns impediments for Sikhs

Moderates condemns impediments for Sikhs

Chairman of Moderates, Syed Jawaid Iqbal has strongly condemned the impediments, unnecessarily created for the Sikh community in Lahore that was barred from performing their religious rites in their Gurdwara.
Published 21 Jul, 2011 12:00am
New foreign minister faces challenges at home and abroad

New foreign minister faces challenges at home and abroad

Newly appointed foreign minister, Hina Rabbani Khar, is young in a culture that reveres the old, female in a society that favours men and her appointment comes just days before Pakistan's latest round of talks with India. Khar, 34, was appointed on Tuesda
Published 21 Jul, 2011 12:00am
Kiln owners selling bricks without paying 16 percent GST

Kiln owners selling bricks without paying 16 percent GST

Government has failed to establish its writ on the powerful kiln owners as they are selling bricks at exorbitant rates without paying 16 per cent General Sales Tax imposed by the Federal government in the FY 2011-12 budget, Business Recorder has le
Published 21 Jul, 2011 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose early on Wednesday after the previous session's drop from record highs, as investors focused on economic uncertainty despite progress in talks on raising the US debt limit and ahead of a eurozone summit aimed at resolving the region's debt crisi
Published 21 Jul, 2011 12:00am
US MIDDAY: copper dips

US MIDDAY: copper dips

Copper posted its first down day in four sessions on Wednesday, as lingering debt uncertainties on both sides of the Atlantic and questions about near-term demand prospects threw some cold water on a recent rally.
Published 21 Jul, 2011 12:00am
US MIDDAY: corn and wheat up

US MIDDAY: corn and wheat up

Chicago wheat rose over 1 percent early on Wednesday while corn and soyabeans also gained on concerns hot weather in the United States threatened crops. Chicago Board of Trade September wheat was up 1.15 percent to $702 a bushel by 1153 GMT. Chicago Septe
Published 21 Jul, 2011 12:00am
US MIDDAY: sugar and cocoa steady

US MIDDAY: sugar and cocoa steady

Sugar and cocoa futures steadied while coffee dipped early on Wednesday as players awaited an EU summit on Thursday to resolve the eurozone debt crisis and a possible solution to avert a US debt default. "There's too much at stake here," said James Cordie
Published 21 Jul, 2011 12:00am
Gold dips in Europe

Gold dips in Europe

Gold eased on Wednesday, retreating further from the previous day's record high, as hopes for a positive outcome to Thursday's eurozone summit and signs that talks on raising the US debt ceiling were progressing took some heat out of prices.
Published 21 Jul, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold held steady on Wednesday, as light buying in Asia trickled in after prices pulled back from a record high and persistent concerns on eurozone's debt crisis supported sentiment. Spot gold edged up 75 cents to $1,588.60 an ounce by 0606 GMT, off the re
Published 21 Jul, 2011 12:00am
US gold falls

US gold falls

Gold prices snapped an unprecedented 11-day winning streak on Tuesday, falling more than 1 percent as signs of progress in talks to avert a US default sapped safe-haven buying. Silver also tumbled, over 4 percent, as investors tentatively bought back into
Published 21 Jul, 2011 12:00am
Tokyo, Shanghai rubber rise

Tokyo, Shanghai rubber rise

Key Tokyo rubber futures rose 3 percent to a six-week high on Wednesday as sentiment was helped by a rise in oil prices on signs of progress in talks to resolve US debt issues and strong US housing data. The key Tokyo Commodity Exchange rubber contract fo
Published 21 Jul, 2011 12:00am
New York sugar and coffee slide

New York sugar and coffee slide

Raw sugar and arabica coffee futures finished lower Tuesday as uncertainty over the debt crisis in the US and Europe hounded both markets in modest volume. Cocoa edged up to a firmer finish. Thomson Reuters data showed volume running from a fifth to nearl
Published 21 Jul, 2011 12:00am
Liffe sugar rises

Liffe sugar rises

Sugar, coffee and cocoa futures on London were little changed on Wednesday, after falling earlier in the week as investor appetite for riskier assets diminished on the deepening crises over the eurozone and US debt.
Published 21 Jul, 2011 12:00am
Malaysian palm oil soars

Malaysian palm oil soars

Malaysian palm oil futures rose 1.5 percent to hit near one-month highs on Wednesday as firmer commodity markets and expectations of higher export demand lifted sentiment. Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance on T
Published 21 Jul, 2011 12:00am
Oil up, eurozone optimism outweighs product build

Oil up, eurozone optimism outweighs product build

Oil rose as US crude's August contract expired on Wednesday, with optimism on the outcome of a eurozone summit the following day outweighing concerns over rising product stocks and weak demand. Eurozone leaders will convene in Brussels for an emergency me
Published 21 Jul, 2011 12:00am
Copper ends lower

Copper ends lower

Copper closed lower on Wednesday on lingering investor concerns over the eurozone debt crisis and poor spot demand from top consumer China, but a softer dollar, tight supplies and good demand prospects kept the metal within sight of a record high.
Published 21 Jul, 2011 12:00am
Shanghai copper slips

Shanghai copper slips

Shanghai third month copper closed down 0.2 percent to 72,680 yuan a tonne on Wednesday. Investors may be consolidating positions ahead of the China July PMI flash survey by HSBC due out on Thursday, said ANZ's Robertson.
Published 21 Jul, 2011 12:00am
US copper jumps

US copper jumps

Copper touched its priciest levels in more than three months on Tuesday as upbeat demand prospects in two of the world's biggest consumers helped to keep a surprisingly strong summer rally intact.
Published 21 Jul, 2011 12:00am
New York cotton fractionally lower

New York cotton fractionally lower

Cotton futures settled fractionally lower Wednesday on investor sales as the trade cautiously eyed attempts to resolve the debt crisis in the United States and Europe in the days ahead, analysts said.The market is looking toward an EU summit on Thursday t
Published 21 Jul, 2011 12:00am
New York cotton

New York cotton

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

Published 21 Jul, 2011 12:00am
New York cotton

New York cotton

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

Published 21 Jul, 2011 12:00am
Doubts about the IMF programme

Doubts about the IMF programme

There were indications after the last review meeting held in Dubai in May, 2011 that an IMF mission would visit Pakistan sometime in July to hold discussions for the fifth review under the Stand-By Arrangement (SBA) with a view to reviving the $11.3 billi
Published 21 Jul, 2011 12:00am
Reviving ISI-CIA ties

Reviving ISI-CIA ties

Thanks to the American media we now learn that all 87 visas asked by the CIA have been granted by the Pakistan government. The media leak to this effect was made by the Washington Post on the day following Lieutenant-General Pasha's meeting with the actin
Published 21 Jul, 2011 12:00am
Research on poverty: an obituary

Research on poverty: an obituary

Among the many economic policy credits, eg, NFC Award, publishing of MDG Report 2010, that go to this government, the winding up (as reported in the press) of the Centre for Poverty Reduction and Social Policy Development is a belated but bold step that w
Published 21 Jul, 2011 12:00am
Knowing about money laundering - I

Knowing about money laundering - I

From my perspective, money laundering is the epitome of fraud methodology. It involves the concealed transfer of assets by masking them in the mundane of financial transactions. In short, the methodology of money laundering exists in every fraud scheme.
Published 21 Jul, 2011 12:00am
Vancouver real estate prices fanned by Chinese

Vancouver real estate prices fanned by Chinese

Its quality of life is routinely ranked among the best in the world, but that's only one reason Vancouver real estate prices are red hot. Wealthy Chinese anxious to raise their families in the West are bidding up the city's limited number of properties in
Published 21 Jul, 2011 12:00am
US steps up push for aid recognition

US steps up push for aid recognition

Desperate to win hearts and minds in Pakistan, the US has begun pushing aid organisations working in the country's most dangerous region along the Afghan border to advertise that they receive American assistance.
Published 21 Jul, 2011 12:00am
Growth strategy and cities

Growth strategy and cities

The growth strategy formulated by the Planning Commission focuses on rejuvenating our cities and communities in a manner that they can become engines of future economic growth. The military government in the past decade lost the golden opportunity of refo
Published 21 Jul, 2011 12:00am
US steps up push for aid recognition

US steps up push for aid recognition

Desperate to win hearts and minds in Pakistan, the US has begun pushing aid organisations working in the country's most dangerous region along the Afghan border to advertise that they receive American assistance.
Published 21 Jul, 2011 12:00am
Petraeus praises anti-militant operations

Petraeus praises anti-militant operations

US General David Petraeus, Washington's new intelligence chief, said on Wednesday he trusted Pakistan as an ally in the fight against al Qaeda and gave a cautiously upbeat overview of the war in Afghanistan which he led for the past year.
Published 21 Jul, 2011 12:00am
Petraeus praises anti-militant operations

Petraeus praises anti-militant operations

US General David Petraeus, Washington's new intelligence chief, said on Wednesday he trusted Pakistan as an ally in the fight against al Qaeda and gave a cautiously upbeat overview of the war in Afghanistan which he led for the past year.
Published 21 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 21 Jul, 2011 12:00am
US Republicans hit aid to Israel neighbours, Pakistan

US Republicans hit aid to Israel neighbours, Pakistan

US Repub-licans moved Wednesday to cut aid to several of Israel's neighbours and to tighten control of assistance to Pakistan, vowing to get tough on Islamic militants and tame US spending.
Published 21 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 21 Jul, 2011 12:00am
US Republicans hit aid to Israel neighbours, Pakistan

US Republicans hit aid to Israel neighbours, Pakistan

US Repub-licans moved Wednesday to cut aid to several of Israel's neighbours and to tighten control of assistance to Pakistan, vowing to get tough on Islamic militants and tame US spending.
Published 21 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 20, 2011).

Published 21 Jul, 2011 12:00am
Monetary policy on July 30

Monetary policy on July 30

The State Bank of Pakistan will announce its monetary policy on July 30 for the subsequent two months, Syed Wasimuddin, chief spokesman for the State Bank of Pakistan said on Wednesday. "The acting governor Yaseen Anwar will announce the monetary policy t
Published 21 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 20, 2011).

Published 21 Jul, 2011 12:00am
Monetary policy on July 30

Monetary policy on July 30

The State Bank of Pakistan will announce its monetary policy on July 30 for the subsequent two months, Syed Wasimuddin, chief spokesman for the State Bank of Pakistan said on Wednesday. "The acting governor Yaseen Anwar will announce the monetary policy t
Published 21 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 20, 2011).

Published 21 Jul, 2011 12:00am
Monetary policy on July 30

Monetary policy on July 30

The State Bank of Pakistan will announce its monetary policy on July 30 for the subsequent two months, Syed Wasimuddin, chief spokesman for the State Bank of Pakistan said on Wednesday. "The acting governor Yaseen Anwar will announce the monetary policy t
Published 21 Jul, 2011 12:00am
WHO says tuberculosis blood tests faulty, must be stopped

WHO says tuberculosis blood tests faulty, must be stopped

The World Health Organisation (WHO) called on Wednesday for an immediate halt to the use of blood tests to detect active tuberculosis, saying they were faulty and leave millions of people at risk. Production of the test kits, WHO officials said, was large
Published 21 Jul, 2011 12:00am
WHO says tuberculosis blood tests faulty, must be stopped

WHO says tuberculosis blood tests faulty, must be stopped

The World Health Organisation (WHO) called on Wednesday for an immediate halt to the use of blood tests to detect active tuberculosis, saying they were faulty and leave millions of people at risk. Production of the test kits, WHO officials said, was large
Published 21 Jul, 2011 12:00am
Cut in 16 USC items' prices approved by ECC

Cut in 16 USC items' prices approved by ECC

The Economic Co-ordination Committee of the Cabinet (ECC) has approved reduction, of up to 15 percent, in the prices of 16 essential commodities at the Utility Stores Corporation (USC) for the month of Ramazan.
Published 21 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 20, 2011).

Published 21 Jul, 2011 12:00am
Cut in 16 USC items' prices approved by ECC

Cut in 16 USC items' prices approved by ECC

The Economic Co-ordination Committee of the Cabinet (ECC) has approved reduction, of up to 15 percent, in the prices of 16 essential commodities at the Utility Stores Corporation (USC) for the month of Ramazan.
Published 21 Jul, 2011 12:00am
Cut in 16 USC items'' prices approved by ECC

Cut in 16 USC items'' prices approved by ECC

The Economic Co-ordination Committee of the Cabinet (ECC) has approved reduction, of up to 15 percent, in the prices of 16 essential commodities at the Utility Stores Corporation (USC) for the month of Ramazan.
Published 21 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (July 20, 2011).
Published 21 Jul, 2011 12:00am
Cameron 'regrets' hiring scandal-hit tabloid editor

Cameron 'regrets' hiring scandal-hit tabloid editor

Prime Minister David Cameron, defending his integrity to parliament in emergency session on Wednesday, said he regretted hiring a journalist at the heart of the scandal that has rocked Britain's press, police and politicians.
Published 21 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (July 20, 2011).

Published 21 Jul, 2011 12:00am
Cameron 'regrets' hiring scandal-hit tabloid editor

Cameron 'regrets' hiring scandal-hit tabloid editor

Prime Minister David Cameron, defending his integrity to parliament in emergency session on Wednesday, said he regretted hiring a journalist at the heart of the scandal that has rocked Britain's press, police and politicians.
Published 21 Jul, 2011 12:00am
Import Policy Order being amended to avoid disputes

Import Policy Order being amended to avoid disputes

The Com-merce Ministry is amending the Import Policy Order to ensure that any amendment in the policy will not affect consignments which are shipped before the notification duly issued by the government. According to official documents, prepared for the f
Published 21 Jul, 2011 12:00am
Import Policy Order being amended to avoid disputes

Import Policy Order being amended to avoid disputes

The Com-merce Ministry is amending the Import Policy Order to ensure that any amendment in the policy will not affect consignments which are shipped before the notification duly issued by the government. According to official documents, prepared for the f
Published 21 Jul, 2011 12:00am
Import Policy Order being amended to avoid disputes

Import Policy Order being amended to avoid disputes

The Com-merce Ministry is amending the Import Policy Order to ensure that any amendment in the policy will not affect consignments which are shipped before the notification duly issued by the government. According to official documents, prepared for the f
Published 21 Jul, 2011 12:00am
Services sector's trade deficit swells by 23 percent in FY10-11

Services sector's trade deficit swells by 23 percent in FY10-11

The country's services sector trade posted a deficit of over two billion dollars, widening the gap by 23 per cent, during the last fiscal year (FY10-11) mainly due to high imports and slowdown in exports. During the initial months of FY10-11, the services
Published 21 Jul, 2011 12:00am
Services sector's trade deficit swells by 23 percent in FY10-11

Services sector's trade deficit swells by 23 percent in FY10-11

The country's services sector trade posted a deficit of over two billion dollars, widening the gap by 23 per cent, during the last fiscal year (FY10-11) mainly due to high imports and slowdown in exports. During the initial months of FY10-11, the services
Published 21 Jul, 2011 12:00am
Services sector''s trade deficit swells by 23 percent in FY10-11

Services sector''s trade deficit swells by 23 percent in FY10-11

The country''s services sector trade posted a deficit of over two billion dollars, widening the gap by 23 per cent, during the last fiscal year (FY10-11) mainly due to high imports and slowdown in exports. During the initial months of FY10-11, the service
Published 21 Jul, 2011 12:00am
Pak-Afghan border: FBR asked to set up new checkposts

Pak-Afghan border: FBR asked to set up new checkposts

Model Customs Collectorate (MCC) Port Muhammad Bin Qasim, Karachi has strongly recommended to the Federal Board of Revenue to set up new anti-smuggling/customs checkposts on Pak-Afghan border and constitute a committee of Pakistan Customs, Frontier Consta
Published 21 Jul, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (July 20, 2011).

Published 21 Jul, 2011 12:00am
Pak-Afghan border: FBR asked to set up new checkposts

Pak-Afghan border: FBR asked to set up new checkposts

Model Customs Collectorate (MCC) Port Muhammad Bin Qasim, Karachi has strongly recommended to the Federal Board of Revenue to set up new anti-smuggling/customs checkposts on Pak-Afghan border and constitute a committee of Pakistan Customs, Frontier Consta
Published 21 Jul, 2011 12:00am
Pak-Afghan border: FBR asked to set up new checkposts

Pak-Afghan border: FBR asked to set up new checkposts

Model Customs Collectorate (MCC) Port Muhammad Bin Qasim, Karachi has strongly recommended to the Federal Board of Revenue to set up new anti-smuggling/customs checkposts on Pak-Afghan border and constitute a committee of Pakistan Customs, Frontier Consta
Published 21 Jul, 2011 12:00am
EPZA reluctant to pay advance tax: talks with FBR inconclusive

EPZA reluctant to pay advance tax: talks with FBR inconclusive

Talks between the Federal Board of Revenue (FBR) and representatives of Export Processing Zone Authority (EPZA) over the issue of advance tax on power consumption remained inconclusive as the Authority is reluctant to pay the said liability. According to
Published 21 Jul, 2011 12:00am
EPZA reluctant to pay advance tax: talks with FBR inconclusive

EPZA reluctant to pay advance tax: talks with FBR inconclusive

Talks between the Federal Board of Revenue (FBR) and representatives of Export Processing Zone Authority (EPZA) over the issue of advance tax on power consumption remained inconclusive as the Authority is reluctant to pay the said liability. According to
Published 21 Jul, 2011 12:00am
EPZA reluctant to pay advance tax: talks with FBR inconclusive

EPZA reluctant to pay advance tax: talks with FBR inconclusive

Talks between the Federal Board of Revenue (FBR) and representatives of Export Processing Zone Authority (EPZA) over the issue of advance tax on power consumption remained inconclusive as the Authority is reluctant to pay the said liability. According to
Published 21 Jul, 2011 12:00am
EPZA reluctant to pay advance tax: talks with FBR inconclusive

EPZA reluctant to pay advance tax: talks with FBR inconclusive

Talks between the Federal Board of Revenue (FBR) and representatives of Export Processing Zone Authority (EPZA) over the issue of advance tax on power consumption remained inconclusive as the Authority is reluctant to pay the said liability. According to
Published 21 Jul, 2011 12:00am
Securities and Exchange Bill to be introduced in National Assembly today

Securities and Exchange Bill to be introduced in National Assembly today

The government will introduce "Securities and Exchange Bill, 2011" in the National Assembly on Thursday (July 21), it is learnt. According to National Assembly Secretariat sources, the government has put on the Thursday's agenda the 'Securities and Exchan
Published 21 Jul, 2011 12:00am
Securities and Exchange Bill to be introduced in National Assembly today

Securities and Exchange Bill to be introduced in National Assembly today

The government will introduce "Securities and Exchange Bill, 2011" in the National Assembly on Thursday (July 21), it is learnt. According to National Assembly Secretariat sources, the government has put on the Thursday's agenda the 'Securities and Exchan
Published 21 Jul, 2011 12:00am
Securities and Exchange Bill to be introduced in National Assembly today

Securities and Exchange Bill to be introduced in National Assembly today

The government will introduce "Securities and Exchange Bill, 2011" in the National Assembly on Thursday (July 21), it is learnt. According to National Assembly Secretariat sources, the government has put on the Thursday''s agenda the ''Securities and Exch
Published 21 Jul, 2011 12:00am
First UAVs squadron inducted in PN fleet

First UAVs squadron inducted in PN fleet

Pakistan Navy has formally inducted the first squadron Unmanned Aerial Vehicles (UAVs) in its fleet on Wednesday. The spokesman of Pak Navy in a statement said that in pursuance of self-reliance and indigenisation being undertaken by Pakistan Navy, the fi
Published 21 Jul, 2011 12:00am
First UAVs squadron inducted in PN fleet

First UAVs squadron inducted in PN fleet

Pakistan Navy has formally inducted the first squadron Unmanned Aerial Vehicles (UAVs) in its fleet on Wednesday. The spokesman of Pak Navy in a statement said that in pursuance of self-reliance and indigenisation being undertaken by Pakistan Navy, the fi
Published 21 Jul, 2011 12:00am
Index sheds 10.37 points

Index sheds 10.37 points

After witnessing a mixed trend and moving both sides the KSE-100 index on Wednesday closed at 12,433.17 points, down 10.37 points. That trend persisted throughout the session with the index oscillating between 12,498.18 points intra-day high and 12,415.97
Published 21 Jul, 2011 12:00am
Index sheds 10.37 points

Index sheds 10.37 points

After witnessing a mixed trend and moving both sides the KSE-100 index on Wednesday closed at 12,433.17 points, down 10.37 points. That trend persisted throughout the session with the index oscillating between 12,498.18 points intra-day high and 12,415.97
Published 21 Jul, 2011 12:00am
Index sheds 10.37 points

Index sheds 10.37 points

After witnessing a mixed trend and moving both sides the KSE-100 index on Wednesday closed at 12,433.17 points, down 10.37 points. That trend persisted throughout the session with the index oscillating between 12,498.18 points intra-day high and 12,415.97
Published 21 Jul, 2011 12:00am
BRIndex30 down 43.02 points

BRIndex30 down 43.02 points

On Wednesday, the BRIndex30 opened at 8,925.04 points. It touched the intra-day high of 8,971.86 points and low of 8,873.74 points, and closed at 8,882.02 points with a net negative change of -43.02 points, or -0.48 percent lower than previous close.
Published 21 Jul, 2011 12:00am
BRIndex30 down 43.02 points

BRIndex30 down 43.02 points

On Wednesday, the BRIndex30 opened at 8,925.04 points. It touched the intra-day high of 8,971.86 points and low of 8,873.74 points, and closed at 8,882.02 points with a net negative change of -43.02 points, or -0.48 percent lower than previous close.
Published 21 Jul, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Wednesday where equities moved both ways and finally ended with declines amid descending transaction volume on account of lacking interest on the part of investors.
Published 21 Jul, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Wednesday where equities moved both ways and finally ended with declines amid descending transaction volume on account of lacking interest on the part of investors.
Published 21 Jul, 2011 12:00am
ISE index gains 9.6 points

ISE index gains 9.6 points

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 9.60 points as the ISE Ten Index moved from 2,772.02
Published 21 Jul, 2011 12:00am
ISE index gains 9.6 points

ISE index gains 9.6 points

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 9.60 points as the ISE Ten Index moved from 2,772.02
Published 21 Jul, 2011 12:00am
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