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Archive - 2011-07-26
President greets new AJK PM
Top News

President greets new AJK PM

ISLAMABAD : Co-Chairperson of PPP and President Asif Ali Zardari has felicitated Ch. Abdul Majeed for being elected Prim
Published 26 Jul, 2011 07:35pm
CM chairs meeting
Business & Finance

CM chairs meeting

KARACHI : Sindh Chief  Minister, Syed Qaim Ali Shah, on Tuesday presided a high level meeting to review the budget 2011-
Published 26 Jul, 2011 06:50pm
ISE-10 witnesses bearish trend
Markets

ISE-10 witnesses bearish trend

ISLAMABAD : The Islamabad Stock Exchange (ISE-10) witnessed bearish trend here on Tuesday, as the index ended 12.75 lowe
Published 26 Jul, 2011 05:54pm
European stocks close mixed
Financial

European stocks close mixed

LONDON : European stock markets closed mixed on Tuesday, with London 's benchmark FTSE 100 index of top shares up sligh
Published 26 Jul, 2011 05:24pm
Kayani visit Mehfooz Shaheed Garrison
Top News

Kayani visit Mehfooz Shaheed Garrison

RAWALPINDI : Chief of Army Staff (COAS), General Ashfaq Parvez Kayani visited Mehfooz Shaheed Garrison at Lahore Cantonm
Published 26 Jul, 2011 05:20pm
A silently ticking bomb
BR Research

A silently ticking bomb

While the marginal current account surplus is being touted and cherished by policymakers, its equally important - but usually sidelined - si
Published 26 Jul, 2011 12:00am
Sugar prices: Ramazan and beyond
BR Research

Sugar prices: Ramazan and beyond

The legendary Pakistani sweet tooth, guilty of over two kilograms monthly sugar intake per capita, is especially vulnerable in the month of
Published 26 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 26 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 26 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 25, 2011).

Published 26 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 25, 2011).

Published 26 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 25, 2011).

Published 26 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 25, 2011).

Published 26 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (July 25, 2011).
Published 26 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (July 25, 2011).

Published 26 Jul, 2011 12:00am
Deadlock in KESC management, union talks

Deadlock in KESC management, union talks

Despite the intervention of Sindh Governor Dr Ishrat-ul-Ibad Khan to resolve the ongoing dispute, the management of Karachi Electric Supply Company (KESC) refused to reinstate laid off workers of the utility, sources said on Monday.
Published 26 Jul, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (July 25, 2011).

Published 26 Jul, 2011 12:00am
Deadlock in KESC management, union talks

Deadlock in KESC management, union talks

Despite the intervention of Sindh Governor Dr Ishrat-ul-Ibad Khan to resolve the ongoing dispute, the management of Karachi Electric Supply Company (KESC) refused to reinstate laid off workers of the utility, sources said on Monday.
Published 26 Jul, 2011 12:00am
Deadlock in KESC management, union talks

Deadlock in KESC management, union talks

Despite the intervention of Sindh Governor Dr Ishrat-ul-Ibad Khan to resolve the ongoing dispute, the management of Karachi Electric Supply Company (KESC) refused to reinstate laid off workers of the utility, sources said on Monday.
Published 26 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 25, 2011).
Published 26 Jul, 2011 12:00am
Norway killer tells judge 'two more cells' exist

Norway killer tells judge 'two more cells' exist

Anders Behring Breivik told a Norwegian judge on Monday his bombing and shooting rampage that killed scores aimed to save Europe from a Muslim take-over, and said that "two more cells" existed in his organisation. Breivik's remarks at the closed-door cust
Published 26 Jul, 2011 12:00am
Norway killer tells judge 'two more cells' exist

Norway killer tells judge 'two more cells' exist

Anders Behring Breivik told a Norwegian judge on Monday his bombing and shooting rampage that killed scores aimed to save Europe from a Muslim take-over, and said that "two more cells" existed in his organisation. Breivik's remarks at the closed-door cust
Published 26 Jul, 2011 12:00am
Special committee defends Wall Street Journal

Special committee defends Wall Street Journal

A special committee set up to ensure the editorial integrity of The Wall Street Journal following its 2007 purchase by Rupert Murdoch's News Corp said Monday it found no evidence of wrongdoing at the newspaper. But the five-person committee did say that t
Published 26 Jul, 2011 12:00am
Special committee defends Wall Street Journal

Special committee defends Wall Street Journal

A special committee set up to ensure the editorial integrity of The Wall Street Journal following its 2007 purchase by Rupert Murdoch's News Corp said Monday it found no evidence of wrongdoing at the newspaper. But the five-person committee did say that t
Published 26 Jul, 2011 12:00am
Special committee defends Wall Street Journal

Special committee defends Wall Street Journal

A special committee set up to ensure the editorial integrity of The Wall Street Journal following its 2007 purchase by Rupert Murdoch''s News Corp said Monday it found no evidence of wrongdoing at the newspaper. But the five-person committee did say that
Published 26 Jul, 2011 12:00am
'Numberdars' asked to snoop on militants

'Numberdars' asked to snoop on militants

Pakistani police struggling to stem a growing Islamist insurgency are recruiting traditional village tax collectors to snoop on militant groups but critics say the plan is ill conceived and unlikely to be of much use. On a recent day about 100 of the tax
Published 26 Jul, 2011 12:00am
'Numberdars' asked to snoop on militants

'Numberdars' asked to snoop on militants

Pakistani police struggling to stem a growing Islamist insurgency are recruiting traditional village tax collectors to snoop on militant groups but critics say the plan is ill conceived and unlikely to be of much use. On a recent day about 100 of the tax
Published 26 Jul, 2011 12:00am
Index loses 82.28 points

Index loses 82.28 points

The KSE-100 index on Monday lost 82.28 points and closed at 12,394.49 points due to selling on both local and foreign fronts. The offshore investors remained on the selling side with a fresh outflow of $1.3 million from the equity market. The trading rema
Published 26 Jul, 2011 12:00am
Index loses 82.28 points

Index loses 82.28 points

The KSE-100 index on Monday lost 82.28 points and closed at 12,394.49 points due to selling on both local and foreign fronts. The offshore investors remained on the selling side with a fresh outflow of $1.3 million from the equity market. The trading rema
Published 26 Jul, 2011 12:00am
Index loses 82.28 points

Index loses 82.28 points

The KSE-100 index on Monday lost 82.28 points and closed at 12,394.49 points due to selling on both local and foreign fronts. The offshore investors remained on the selling side with a fresh outflow of $1.3 million from the equity market. The trading rema
Published 26 Jul, 2011 12:00am
BRIndex30 down 59.32 points

BRIndex30 down 59.32 points

On Monday, the BRIndex30 opened at 8,903.83 points. It touched the intra-day high of 8,916.54 points and low of 8,815.20 points and closed at 8,844.51 points with a net negative change of -59.32 points, or -0.67 percent lower than previous close.
Published 26 Jul, 2011 12:00am
BRIndex30 down 59.32 points

BRIndex30 down 59.32 points

On Monday, the BRIndex30 opened at 8,903.83 points. It touched the intra-day high of 8,916.54 points and low of 8,815.20 points and closed at 8,844.51 points with a net negative change of -59.32 points, or -0.67 percent lower than previous close.
Published 26 Jul, 2011 12:00am
Tractor industry on the verge of collapse?

Tractor industry on the verge of collapse?

Country's tractor industry is on the verge of collapse after imposition of General Sales Tax (GST) and squeezing of loans by the Zarai Taraqiati Bank Limited (ZTBL), especially to farmers who own less than 12 acres of land, well-informed sources told B
Published 26 Jul, 2011 12:00am
Tractor industry on the verge of collapse?

Tractor industry on the verge of collapse?

Country's tractor industry is on the verge of collapse after imposition of General Sales Tax (GST) and squeezing of loans by the Zarai Taraqiati Bank Limited (ZTBL), especially to farmers who own less than 12 acres of land, well-informed sources told B
Published 26 Jul, 2011 12:00am
Tractor industry on the verge of collapse?

Tractor industry on the verge of collapse?

Country''s tractor industry is on the verge of collapse after imposition of General Sales Tax (GST) and squeezing of loans by the Zarai Taraqiati Bank Limited (ZTBL), especially to farmers who own less than 12 acres of land, well-informed sources told
Published 26 Jul, 2011 12:00am
12 percent hike in power tariff on the cards

12 percent hike in power tariff on the cards

The government decided on Monday in principle to further increase power tariff by 12 percent during the current fiscal year with a view to minimising subsidies.
Published 26 Jul, 2011 12:00am
12 percent hike in power tariff on the cards

12 percent hike in power tariff on the cards

The government decided on Monday in principle to further increase power tariff by 12 percent during the current fiscal year with a view to minimising subsidies.
Published 26 Jul, 2011 12:00am
12 percent hike in power tariff on the cards

12 percent hike in power tariff on the cards

The government decided on Monday in principle to further increase power tariff by 12 percent during the current fiscal year with a view to minimising subsidies.
Published 26 Jul, 2011 12:00am
Rs 38 billion shortfall not to lead to downward revision: FBR

Rs 38 billion shortfall not to lead to downward revision: FBR

The shortfall of Rs 38 billion in revenue collection of the Federal Board of Revenue (FBR) would not result in any immediate downward revision in the tax estimates of Rs 1952 billion for 2011-12. Sources told Business Recorder here on Monday that t
Published 26 Jul, 2011 12:00am
Rs 38 billion shortfall not to lead to downward revision: FBR

Rs 38 billion shortfall not to lead to downward revision: FBR

The shortfall of Rs 38 billion in revenue collection of the Federal Board of Revenue (FBR) would not result in any immediate downward revision in the tax estimates of Rs 1952 billion for 2011-12. Sources told Business Recorder here on Monday that t
Published 26 Jul, 2011 12:00am
Rs 38 billion shortfall not to lead to downward revision: FBR

Rs 38 billion shortfall not to lead to downward revision: FBR

The shortfall of Rs 38 billion in revenue collection of the Federal Board of Revenue (FBR) would not result in any immediate downward revision in the tax estimates of Rs 1952 billion for 2011-12. Sources told Business Recorder here on Monday that t
Published 26 Jul, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Jul, 2011 12:00am
Indian-German duo named Deutsche Bank co-chairmen

Indian-German duo named Deutsche Bank co-chairmen

Deutsche Bank on Monday named a canny Indian investment banker and a German veteran of the old school to run the biggest German bank in tandem from May 2012. Anshu Jain, 48, and Juergen Fitschen, 62, were named joint chairmen of the Frankfurt-based bank t
Published 26 Jul, 2011 12:00am
LSE index loses 37.5 points

LSE index loses 37.5 points

Bearish sentiment dominated the Lahore Stock Exchange on Monday where equities registered declines across the board due to lack of investors' interest. The LSE-25 index declined by 37.50 points and closed at 3166.49 points against 3203.99 points of last F
Published 26 Jul, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 26 Jul, 2011 12:00am
LSE index loses 37.5 points

LSE index loses 37.5 points

Bearish sentiment dominated the Lahore Stock Exchange on Monday where equities registered declines across the board due to lack of investors' interest. The LSE-25 index declined by 37.50 points and closed at 3166.49 points against 3203.99 points of last F
Published 26 Jul, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jul, 2011 12:00am
ISE index sheds 13.91 points

ISE index sheds 13.91 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 13.91 points from 2,799.40 to 2,785.49 points. Turnover amounted to 26,000 shares as comp
Published 26 Jul, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jul, 2011 12:00am
ISE index sheds 13.91 points

ISE index sheds 13.91 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 13.91 points from 2,799.40 to 2,785.49 points. Turnover amounted to 26,000 shares as comp
Published 26 Jul, 2011 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 26 Jul, 2011 12:00am
US transport funds end up with Taliban: Pentagon

US transport funds end up with Taliban: Pentagon

Money from a multibillion-dollar US transportation contract in Afghanistan has made its way into the hands of the Taliban, the Pentagon said Monday, promising to tighten rules for future spending. The finding was made by a US task force set up in Kabul a
Published 26 Jul, 2011 12:00am
Nato helicopter downed in Afghanistan

Nato helicopter downed in Afghanistan

A Nato helicopter crashed in the restive east of Afghanistan on Monday, and foreign troops battled an insurgent attack during the rescue operation, the coalition force said. Nato's International Security Assistance Force (ISAF) said the crew and passenger
Published 26 Jul, 2011 12:00am
Nato helicopter downed in Afghanistan

Nato helicopter downed in Afghanistan

A Nato helicopter crashed in the restive east of Afghanistan on Monday, and foreign troops battled an insurgent attack during the rescue operation, the coalition force said. Nato's International Security Assistance Force (ISAF) said the crew and passenger
Published 26 Jul, 2011 12:00am
Britain and India strike major trade deals

Britain and India strike major trade deals

British and Indian businesses signed trade and investment deals worth more than $1.6 billion in London on Monday, in the latest round of annual talks on boosting economic ties. Britain's finance minister George Osborne hosted his Indian counterpart Pranab
Published 26 Jul, 2011 12:00am
Britain and India strike major trade deals

Britain and India strike major trade deals

British and Indian businesses signed trade and investment deals worth more than $1.6 billion in London on Monday, in the latest round of annual talks on boosting economic ties. Britain's finance minister George Osborne hosted his Indian counterpart Pranab
Published 26 Jul, 2011 12:00am
Britain and India strike major trade deals

Britain and India strike major trade deals

British and Indian businesses signed trade and investment deals worth more than $1.6 billion in London on Monday, in the latest round of annual talks on boosting economic ties. Britain''s finance minister George Osborne hosted his Indian counterpart Prana
Published 26 Jul, 2011 12:00am
Bali bomb suspect to be sent to Indonesia from Pakistan

Bali bomb suspect to be sent to Indonesia from Pakistan

An alleged mastermind of the 2002 Bali bombings that killed more than 200 people will be sent to Indonesia after being arrested in Pakistan in March, a senior counter terrorism official said Monday. "Pakistan has delivered a message early July that they w
Published 26 Jul, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Falling trend was seen on the interbank market on Monday as dollars' demand was higher in process of trading, dealers said. The rupee continued falling versus dollar, dropping 16 paisa for buying at 86.34 and shed 17 paisa for selling at 86.37, they said.
Published 26 Jul, 2011 12:00am
Bali bomb suspect to be sent to Indonesia from Pakistan

Bali bomb suspect to be sent to Indonesia from Pakistan

An alleged mastermind of the 2002 Bali bombings that killed more than 200 people will be sent to Indonesia after being arrested in Pakistan in March, a senior counter terrorism official said Monday. "Pakistan has delivered a message early July that they w
Published 26 Jul, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Falling trend was seen on the interbank market on Monday as dollars' demand was higher in process of trading, dealers said. The rupee continued falling versus dollar, dropping 16 paisa for buying at 86.34 and shed 17 paisa for selling at 86.37, they said.
Published 26 Jul, 2011 12:00am
Saleem Shahzad murder: Commission summons doctor who conducted autopsy

Saleem Shahzad murder: Commission summons doctor who conducted autopsy

The judicial commission constituted to investigate the kidnapping and murder of journalist Saleem Shahzad has summoned the doctor, who conducted autopsy of the slain journalist on Tuesday (today). Talking to media person at Supreme Court (SC) after the co
Published 26 Jul, 2011 12:00am
Saleem Shahzad murder: Commission summons doctor who conducted autopsy

Saleem Shahzad murder: Commission summons doctor who conducted autopsy

The judicial commission constituted to investigate the kidnapping and murder of journalist Saleem Shahzad has summoned the doctor, who conducted autopsy of the slain journalist on Tuesday (today). Talking to media person at Supreme Court (SC) after the co
Published 26 Jul, 2011 12:00am
Any cut in US ratings to weaken USD

Any cut in US ratings to weaken USD

The demand for gold, silver and commodities would persist due to economic/political difficulties in the United States. Despite a possible downgrade of US debt by rating agencies - in case of non-agreement between the two political parties in Washington DC
Published 26 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 25, 2011).

Published 26 Jul, 2011 12:00am
Any cut in US ratings to weaken USD

Any cut in US ratings to weaken USD

The demand for gold, silver and commodities would persist due to economic/political difficulties in the United States. Despite a possible downgrade of US debt by rating agencies - in case of non-agreement between the two political parties in Washington DC
Published 26 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 25, 2011).

Published 26 Jul, 2011 12:00am
Mullen sees 'very difficult' time in Pakistan-US ties

Mullen sees 'very difficult' time in Pakistan-US ties

The top US military chief warned Monday that US-Pakistan military-to-military ties were at a "very difficult" crossroads, allowing that a path to progress on that front was not yet clear. President Barack Obama's administration recently suspended about a
Published 26 Jul, 2011 12:00am
Mullen sees 'very difficult' time in Pakistan-US ties

Mullen sees 'very difficult' time in Pakistan-US ties

The top US military chief warned Monday that US-Pakistan military-to-military ties were at a "very difficult" crossroads, allowing that a path to progress on that front was not yet clear. President Barack Obama's administration recently suspended about a
Published 26 Jul, 2011 12:00am
Bangladesh gives Indian leader posthumous honour

Bangladesh gives Indian leader posthumous honour

Former Indian prime minister Indira Gandhi was honoured posthumously on Monday by Bangladesh for helping the country secede from Pakistan in 1971. Sonia Gandhi, Indira Gandhi's daughter in-law and the head of India's ruling Congress party, accepted the Ba
Published 26 Jul, 2011 12:00am
Bangladesh gives Indian leader posthumous honour

Bangladesh gives Indian leader posthumous honour

Former Indian prime minister Indira Gandhi was honoured posthumously on Monday by Bangladesh for helping the country secede from Pakistan in 1971. Sonia Gandhi, Indira Gandhi's daughter in-law and the head of India's ruling Congress party, accepted the Ba
Published 26 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 Monday (July 25, 2011).

Published 26 Jul, 2011 12:00am
Six additional judges appointed in PHC

Six additional judges appointed in PHC

President Asif Ali Zardari on the advice of Prime Minister on Monday appointed six additional judges in the Peshawar High Court, for a period of one year. Those who have been appointed as Additional Judges of Peshawar High Court included Khalid Mehmood, F
Published 26 Jul, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (July 25, 2011).

Published 26 Jul, 2011 12:00am
Six additional judges appointed in PHC

Six additional judges appointed in PHC

President Asif Ali Zardari on the advice of Prime Minister on Monday appointed six additional judges in the Peshawar High Court, for a period of one year. Those who have been appointed as Additional Judges of Peshawar High Court included Khalid Mehmood, F
Published 26 Jul, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (July 25, 2011).

Published 26 Jul, 2011 12:00am
Collusive bidding: CCP issues show cause notices to three companies

Collusive bidding: CCP issues show cause notices to three companies

The Competition Commission of Pakistan (CCP) has issued show cause notices to three companies for prima facie indulging in collusive bidding in Faisalabad Electric Supply Company's tender to procure 3,000 units of LT TOU Meters. According to an announceme
Published 26 Jul, 2011 12:00am