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Archive - 2011-07-28
NA summoned to meet on Aug 01
Pakistan

NA summoned to meet on Aug 01

ISLAMABAD : The President Asif Ali Zardari has summoned the session of the National Assembly on 1st August. The pres
Published 28 Jul, 2011 07:16pm
European stocks close mixed
Financial

European stocks close mixed

LONDON : European stock markets closed mixed on Thursday, with London's benchmark FTSE 100 index of top shares up 0.28
Published 28 Jul, 2011 06:26pm
ISE-10 witnesses bearish trend
Markets

ISE-10 witnesses bearish trend

ISLAMABAD : The Islamabad Stock Exchange (ISE-10) witnessed bearish trend here on Thursday, as the index fell to 42.67 p
Published 28 Jul, 2011 05:56pm
Clinton telephones Zardari
Top News

Clinton telephones Zardari

ISLAMABAD : US Secretary of State Hillary Clinton telephoned President Asif Zardari on Thursday night. The two leader
Published 28 Jul, 2011 04:55pm
Global equities slip, euro falters
Top News

Global equities slip, euro falters

NEW YORK : Global equities and the euro fell on Thursday as weak euro zone data and a lackluster Italian bond auction he
Published 28 Jul, 2011 04:47pm
Gold eases at Rs44,657
Top News

Gold eases at Rs44,657

KARACHI: Gold slipped by Rs85 to close at Rs44,657 per 10 grams in the local market Thursday after touching peak, as its
Published 28 Jul, 2011 04:12pm
Reliance Steel's profit up
Financial

Reliance Steel's profit up

NEW YORK : Metals processor Reliance Steel & Aluminum Co's second-quarter profit rose 60 percent as it sold more metal a
Published 28 Jul, 2011 02:23pm
KKH strategic road for Pakistan
Top News

KKH strategic road for Pakistan

HUNZA: The Karakoram Highway (KKH) is a strategic road for Pakistan used by national as well as international traffic
Published 28 Jul, 2011 11:04am
Forex reserves all time high
Top News

Forex reserves all time high

KARACHI : The foreign exchange reserves of the country have surged to record historic high of dollars 18.301 billion,
Published 28 Jul, 2011 10:25am
Water wars
BR Research

Water wars

When it comes to India and Pakistan, any discussion inherently involves conflict. The case is not so different on the waterfront.
Published 28 Jul, 2011 12:00am
FFBL rides on DAP
BR Research

FFBL rides on DAP

Pakistans sole DAP producer, FFBL, does not seem affected by the slowdown in DAP demand witnessed in the half year ending June. The company
Published 28 Jul, 2011 12:00am
EU to buy soyameal to replace rapemeal: Oil World

EU to buy soyameal to replace rapemeal: Oil World

The European Union will sharply increase soyameal imports in coming months to replace lower rapemeal supplies looming as the bloc faces a major fall in its rapeseed crop, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. This would be the sec
Published 28 Jul, 2011 12:00am
Message from President, REAP

Message from President, REAP

I wish to extend a very warm welcome to our distinguished domestic & foreign delegates who have graced the 1st International Exhibition for Alternative Energy & Energy Efficiency. It is a matter of great satisfaction and pleasure for REAP to be the event
Published 28 Jul, 2011 12:00am
Message from Convenor Exhibition, REAP

Message from Convenor Exhibition, REAP

It is indeed a matter of great privilege for REAP to hold 1st International Exhibition for Alternative Energy & Energy Efficiency, the largest and most prominent podium of Pakistan for the stakeholders of this growing industry.
Published 28 Jul, 2011 12:00am
Message from CEO, Alternative Energy Development Board

Message from CEO, Alternative Energy Development Board

It is a matter of immense satisfaction that Renewable & Alternative Energy Association of Pakistan (REAP) is organising its first mega event, the 1st International Exhibition for Alternative Energy and Energy Efficiency being held at Convention Centre, Is
Published 28 Jul, 2011 12:00am
Message from President, Ecommerce Gateway Pakistan (Pvt) Limited

Message from President, Ecommerce Gateway Pakistan (Pvt) Limited

Renewable & Alternative Energy Association of Pakistan proudly announce the International Exhibition for Alternative Energy & Efficiency with the help of ALLAH, and with the flawless efforts of our team with the exceptional skills and quality expertise, i
Published 28 Jul, 2011 12:00am
Wellbeinggreen Pakistan

Wellbeinggreen Pakistan

Wellbeinggreen's Pakistan office located in Karachi is being supervised under the able Leadership of Naeemuddin Khan (CEO) Wellbeinggreen Reneawable Energy Pakistan. He is an expert in Project Management as a Green Solar Consultant for top of the line org
Published 28 Jul, 2011 12:00am
Wellbeinggreen renewable energy Pakistan - an overview

Wellbeinggreen renewable energy Pakistan - an overview

Since 2007 Wellbeinggreen has been involved, with water and energy conservation projects, with the aim of directly influencing household water and energy usage. Wellbeinggreen's transition from the utilities markets into energy and environmental services
Published 28 Jul, 2011 12:00am
Solar Water heating - a cheap way to start reducing bills

Solar Water heating - a cheap way to start reducing bills

The rising cost of utility bills has gotten people thinking about ways and means to kerb spending and somehow reduce costs. Very often the term 'solar power' crops up and conventional wisdom permits people to realise that it's a technology that harnesses
Published 28 Jul, 2011 12:00am
Catkin Engineering Sales and Services

Catkin Engineering Sales and Services

Profile: Based in Pakistan, established in 1996, Catkin has emerged as a leading HVAC & Solar Systems solution provider in Pakistan. Ideally located in the Capital of Pakistan and its superlative location in the industrial area has made its operational ca
Published 28 Jul, 2011 12:00am
Dates - a traditional nutritious fruit

Dates - a traditional nutritious fruit

Dates have been a staple food of the Middle East for thousands of years. They are believed to have originated around the Persian Gulf, and have been cultivated since ancient times from Mesopotamia to 'prehistoric Egypt, possibly as early as 4000 BC. There
Published 28 Jul, 2011 12:00am
Fasting, a sacrifice for greater things

Fasting, a sacrifice for greater things

After the prayer and Zakah, the fast is the next important worship ritual of Islam. In the Arabic language, the word used for it is (Sawm), which literally means "to abstain from something" and "to give up something".
Published 28 Jul, 2011 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.
Published 28 Jul, 2011 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.
Published 28 Jul, 2011 12:00am
Nawaz hits out at government again: elected PML-N president unopposed

Nawaz hits out at government again: elected PML-N president unopposed

Nawaz Sharif, who was elected Pakistan Muslim League-Nawaz President unopposed by the party's Central Working Committee on Wednesday, blasted the government for disobeying judiciary and failed economic policies. He was addressing members of the PML-N gene
Published 28 Jul, 2011 12:00am
Nawaz hits out at government again: elected PML-N president unopposed

Nawaz hits out at government again: elected PML-N president unopposed

Nawaz Sharif, who was elected Pakistan Muslim League-Nawaz President unopposed by the party's Central Working Committee on Wednesday, blasted the government for disobeying judiciary and failed economic policies. He was addressing members of the PML-N gene
Published 28 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 28 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 28 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 27, 2011).
Published 28 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 27, 2011).
Published 28 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 27, 2011).
Published 28 Jul, 2011 12:00am
Zardari felicitates Nawaz

Zardari felicitates Nawaz

President Asif Ali Zardari on Wednesday felicitated the PML-N leader Nawaz Sharif on his unopposed election as his party's President. President Zardari said that Nawaz Sharif's unopposed election was a measure of trust reposed in him by his party.
Published 28 Jul, 2011 12:00am
100 percent Supreme Court judgements implemented: Awan

100 percent Supreme Court judgements implemented: Awan

Former Federal Minister for Law and Justice Dr Babar Awan, on a special invitation by Prime Minister Yousaf Raza Gilani on Wednesday briefed the Cabinet about the constitutional and political situation in the country. The briefing continued for more than
Published 28 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 27, 2011).
Published 28 Jul, 2011 12:00am
100 percent Supreme Court judgements implemented: Awan

100 percent Supreme Court judgements implemented: Awan

Former Federal Minister for Law and Justice Dr Babar Awan, on a special invitation by Prime Minister Yousaf Raza Gilani on Wednesday briefed the Cabinet about the constitutional and political situation in the country. The briefing continued for more than
Published 28 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (July 27, 2011).
Published 28 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (July 27, 2011).
Published 28 Jul, 2011 12:00am
Fiscal year 2011 tax collection: FBR fails to issue final chart

Fiscal year 2011 tax collection: FBR fails to issue final chart

The Federal Board of Revenue has not issued final chart of revenue collection figures for 2010-11 despite passage of 27 days of first month of new fiscal year (2011-12). It is learnt here on Wednesday that the FBR revenue collection figures are finalised
Published 28 Jul, 2011 12:00am
Fiscal year 2011 tax collection: FBR fails to issue final chart

Fiscal year 2011 tax collection: FBR fails to issue final chart

The Federal Board of Revenue has not issued final chart of revenue collection figures for 2010-11 despite passage of 27 days of first month of new fiscal year (2011-12). It is learnt here on Wednesday that the FBR revenue collection figures are finalised
Published 28 Jul, 2011 12:00am
Fiscal year 2011 tax collection: FBR fails to issue final chart

Fiscal year 2011 tax collection: FBR fails to issue final chart

The Federal Board of Revenue has not issued final chart of revenue collection figures for 2010-11 despite passage of 27 days of first month of new fiscal year (2011-12). It is learnt here on Wednesday that the FBR revenue collection figures are finalised
Published 28 Jul, 2011 12:00am
FDI inflows saw drastic fall in 2010: World Investment Report 2011

FDI inflows saw drastic fall in 2010: World Investment Report 2011

The Foreign Direct Investment inflows in Pakistan have declined considerably after 2008 from $5.590 billion to $2.016 billion in 2010, reveals World Investment Report 2011 released by United Nations Conference on Trade and Development. According to the re
Published 28 Jul, 2011 12:00am
FDI inflows saw drastic fall in 2010: World Investment Report 2011

FDI inflows saw drastic fall in 2010: World Investment Report 2011

The Foreign Direct Investment inflows in Pakistan have declined considerably after 2008 from $5.590 billion to $2.016 billion in 2010, reveals World Investment Report 2011 released by United Nations Conference on Trade and Development. According to the re
Published 28 Jul, 2011 12:00am
FDI inflows saw drastic fall in 2010: World Investment Report 2011

FDI inflows saw drastic fall in 2010: World Investment Report 2011

The Foreign Direct Investment inflows in Pakistan have declined considerably after 2008 from $5.590 billion to $2.016 billion in 2010, reveals World Investment Report 2011 released by United Nations Conference on Trade and Development. According to the re
Published 28 Jul, 2011 12:00am
Restricting assistance to Pakistan: House panel OKs bill

Restricting assistance to Pakistan: House panel OKs bill

A House of Representatives panel has approved a $47.2 billion bill that would cut US foreign aid and restrict assistance to Pakistan. Members of the House Appropriations subcommittee on foreign operations unanimously approved the legislation Wednesday. Th
Published 28 Jul, 2011 12:00am
Restricting assistance to Pakistan: House panel OKs bill

Restricting assistance to Pakistan: House panel OKs bill

A House of Representatives panel has approved a $47.2 billion bill that would cut US foreign aid and restrict assistance to Pakistan. Members of the House Appropriations subcommittee on foreign operations unanimously approved the legislation Wednesday. Th
Published 28 Jul, 2011 12:00am
Restricting assistance to Pakistan: House panel OKs bill

Restricting assistance to Pakistan: House panel OKs bill

A House of Representatives panel has approved a $47.2 billion bill that would cut US foreign aid and restrict assistance to Pakistan. Members of the House Appropriations subcommittee on foreign operations unanimously approved the legislation Wednesday. Th
Published 28 Jul, 2011 12:00am
'New era' for relations: more trade and travel permitted across LoC

'New era' for relations: more trade and travel permitted across LoC

Indian and Pakistani foreign ministers hailed a "new era" in ties between the two countries on Wednesday and agreed to fight terrorism and boost trade and travel, a step forward in reducing tension in the world's most dangerous region. Peace talks between
Published 28 Jul, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (July 27, 2011).
Published 28 Jul, 2011 12:00am
'New era' for relations: more trade and travel permitted across LoC

'New era' for relations: more trade and travel permitted across LoC

Indian and Pakistani foreign ministers hailed a "new era" in ties between the two countries on Wednesday and agreed to fight terrorism and boost trade and travel, a step forward in reducing tension in the world's most dangerous region. Peace talks between
Published 28 Jul, 2011 12:00am
''New era'' for relations: more trade and travel permitted across LoC

''New era'' for relations: more trade and travel permitted across LoC

Indian and Pakistani foreign ministers hailed a "new era" in ties between the two countries on Wednesday and agreed to fight terrorism and boost trade and travel, a step forward in reducing tension in the world''s most dangerous region. Peace talks betwee
Published 28 Jul, 2011 12:00am
Joint statement issued

Joint statement issued

The Minister of External Affairs of India, S M Krishna and the Minister of Foreign Affairs of Pakistan, Hina Rabbani Khar met in New Delhi, says a Foreign Office press release issued here on Wednesday. The Ministerial level talks were preceded by a meetin
Published 28 Jul, 2011 12:00am
Joint statement issued

Joint statement issued

The Minister of External Affairs of India, S M Krishna and the Minister of Foreign Affairs of Pakistan, Hina Rabbani Khar met in New Delhi, says a Foreign Office press release issued here on Wednesday. The Ministerial level talks were preceded by a meetin
Published 28 Jul, 2011 12:00am
Hina meets Manmohan

Hina meets Manmohan

Foreign Minister Hina Rabbani Khar called on Indian Prime Minister Manmohan Singh who was accompanied by Foreign Secretary Salman Bashir, High Commissioner Shahid Malik and Additional Secretary Sajjad Kamran, says a press release issued by Foreign Office
Published 28 Jul, 2011 12:00am
Hina meets Manmohan

Hina meets Manmohan

Foreign Minister Hina Rabbani Khar called on Indian Prime Minister Manmohan Singh who was accompanied by Foreign Secretary Salman Bashir, High Commissioner Shahid Malik and Additional Secretary Sajjad Kamran, says a press release issued by Foreign Office
Published 28 Jul, 2011 12:00am
Government not to provide any guarantees to LNG importers

Government not to provide any guarantees to LNG importers

The government has decided not to provide any guarantees to importers of Liquefied Natural Gas (LNG) and directed LNG buyers and sellers to determine commercial arrangements. According to official documents available with Business Recorder, the government
Published 28 Jul, 2011 12:00am
Government not to provide any guarantees to LNG importers

Government not to provide any guarantees to LNG importers

The government has decided not to provide any guarantees to importers of Liquefied Natural Gas (LNG) and directed LNG buyers and sellers to determine commercial arrangements. According to official documents available with Business Recorder, the government
Published 28 Jul, 2011 12:00am
Government not to provide any guarantees to LNG importers

Government not to provide any guarantees to LNG importers

The government has decided not to provide any guarantees to importers of Liquefied Natural Gas (LNG) and directed LNG buyers and sellers to determine commercial arrangements. According to official documents available with Business Recorder, the government
Published 28 Jul, 2011 12:00am
SSGC sole bidder: Rs 1.8 billion bid received for Progas

SSGC sole bidder: Rs 1.8 billion bid received for Progas

Sindh High Court has received a single bid of Rs 1.8 billion for the sale of Liquified Petroleum Gas (LPG) terminal at Port Qasim, Karachi, it has been learnt. The sole bidder for Progas, on Wednesday, was reportedly Sui Southern Gas Company (SSGC) which
Published 28 Jul, 2011 12:00am
SSGC sole bidder: Rs 1.8 billion bid received for Progas

SSGC sole bidder: Rs 1.8 billion bid received for Progas

Sindh High Court has received a single bid of Rs 1.8 billion for the sale of Liquified Petroleum Gas (LPG) terminal at Port Qasim, Karachi, it has been learnt. The sole bidder for Progas, on Wednesday, was reportedly Sui Southern Gas Company (SSGC) which
Published 28 Jul, 2011 12:00am
SSGC sole bidder: Rs 1.8 billion bid received for Progas

SSGC sole bidder: Rs 1.8 billion bid received for Progas

Sindh High Court has received a single bid of Rs 1.8 billion for the sale of Liquified Petroleum Gas (LPG) terminal at Port Qasim, Karachi, it has been learnt. The sole bidder for Progas, on Wednesday, was reportedly Sui Southern Gas Company (SSGC) which
Published 28 Jul, 2011 12:00am
President to hold meeting on circular debt today

President to hold meeting on circular debt today

President Asif Ali Zaradri on Thursday will chair a meeting on the issue of circular debt amounting to billions of rupees pertaining to the Ministry of Water and Power, it is learnt. According to the sources, Federal Minister for Water and Power Naveed Qa
Published 28 Jul, 2011 12:00am
President to hold meeting on circular debt today

President to hold meeting on circular debt today

President Asif Ali Zaradri on Thursday will chair a meeting on the issue of circular debt amounting to billions of rupees pertaining to the Ministry of Water and Power, it is learnt. According to the sources, Federal Minister for Water and Power Naveed Qa
Published 28 Jul, 2011 12:00am
President to hold meeting on circular debt today

President to hold meeting on circular debt today

President Asif Ali Zaradri on Thursday will chair a meeting on the issue of circular debt amounting to billions of rupees pertaining to the Ministry of Water and Power, it is learnt. According to the sources, Federal Minister for Water and Power Naveed Qa
Published 28 Jul, 2011 12:00am
Dr Fai out on bond

Dr Fai out on bond

A naturalised US citizen, accused of illegally lobbying the US government for Pakistan and ISI over held Kashmir, can be released from jail while awaiting trial, a judge ruled on Tuesday. Magistrate Judge John Anderson rejected the argument of a US prosec
Published 28 Jul, 2011 12:00am
Dr Fai out on bond

Dr Fai out on bond

A naturalised US citizen, accused of illegally lobbying the US government for Pakistan and ISI over held Kashmir, can be released from jail while awaiting trial, a judge ruled on Tuesday. Magistrate Judge John Anderson rejected the argument of a US prosec
Published 28 Jul, 2011 12:00am
Index loses 98.53 points

Index loses 98.53 points

The KSE-100 index lost 98.53 points on Wednesday to close at the level of 12,265.53 points due to selling on both local and foreign fronts. After a positive opening, the index hit 12,402.55 points intra-day high level. However, this trend could not contin
Published 28 Jul, 2011 12:00am
Index loses 98.53 points

Index loses 98.53 points

The KSE-100 index lost 98.53 points on Wednesday to close at the level of 12,265.53 points due to selling on both local and foreign fronts. After a positive opening, the index hit 12,402.55 points intra-day high level. However, this trend could not contin
Published 28 Jul, 2011 12:00am
Index loses 98.53 points

Index loses 98.53 points

The KSE-100 index lost 98.53 points on Wednesday to close at the level of 12,265.53 points due to selling on both local and foreign fronts. After a positive opening, the index hit 12,402.55 points intra-day high level. However, this trend could not contin
Published 28 Jul, 2011 12:00am
BRIndex30 dips 172.25 points

BRIndex30 dips 172.25 points

On Wednesday, the BRIndex30 opened at 8,857.15 points. It touched the intra-day high of 8,894.32 points and low of 8,678.10 points, and closed at 8,684.90 points with a net negative change of -172.25 points, or -1.94 percent lower than previous close. The
Published 28 Jul, 2011 12:00am
BRIndex30 dips 172.25 points

BRIndex30 dips 172.25 points

On Wednesday, the BRIndex30 opened at 8,857.15 points. It touched the intra-day high of 8,894.32 points and low of 8,678.10 points, and closed at 8,684.90 points with a net negative change of -172.25 points, or -1.94 percent lower than previous close. The
Published 28 Jul, 2011 12:00am
Debt ceiling compromise 'possible': White House

Debt ceiling compromise 'possible': White House

A compromise to reach an agreement over raising the US debt ceiling is both "essential and possible," White House spokesman Jay Carney said Wednesday, just days ahead of a potentially ruinous government default.
Published 28 Jul, 2011 12:00am
Debt ceiling compromise 'possible': White House

Debt ceiling compromise 'possible': White House

A compromise to reach an agreement over raising the US debt ceiling is both "essential and possible," White House spokesman Jay Carney said Wednesday, just days ahead of a potentially ruinous government default.
Published 28 Jul, 2011 12:00am
Debt ceiling compromise ''possible'': White House

Debt ceiling compromise ''possible'': White House

A compromise to reach an agreement over raising the US debt ceiling is both "essential and possible," White House spokesman Jay Carney said Wednesday, just days ahead of a potentially ruinous government default.
Published 28 Jul, 2011 12:00am
Fire in Sindh Assembly building

Fire in Sindh Assembly building

Fire erupted in one portion of the Sindh Assembly building Wednesday night, Aaj News reported. According to the channel, the fire broke out at an underground cable in a portion of the Sindh Assembly building. Fire brigade staff struggled hard and a
Published 28 Jul, 2011 12:00am
Fire in Sindh Assembly building

Fire in Sindh Assembly building

Fire erupted in one portion of the Sindh Assembly building Wednesday night, Aaj News reported. According to the channel, the fire broke out at an underground cable in a portion of the Sindh Assembly building. Fire brigade staff struggled hard and a
Published 28 Jul, 2011 12:00am
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