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Archive - 2011-08-09
Peru stocks up, govt calms
Financial

Peru stocks up, govt calms

LIMA : Peru 's stocks and currency gained sharply on Tuesday, trying to recover from steep drops the previous day after
Published 09 Aug, 2011 08:34pm
GDF Suez board backs China alliance
Top News

GDF Suez board backs China alliance

PARIS : French utility GDF Suez's board gave the green light for an alliance with China Investment Corporation that will
Published 09 Aug, 2011 07:45pm
Slovak power output up 4.6pc
Energy

Slovak power output up 4.6pc

BRATISLAVA: Slovak electricity production rose 4.6 percent in the first half of 2011 to 14.8 terawatts, boosted by hi
Published 09 Aug, 2011 07:33pm
Bonds trim some losses
Managed Funds

Bonds trim some losses

NEW YORK : US Treasury prices pare some losses, but remained down, after the Treasury saw strong demand for a new sale o
Published 09 Aug, 2011 05:55pm
Greek stocks bounce back
Financial

Greek stocks bounce back

ATHENS : Greek stocks bounced back Tuesday after suffering heavy losses at early trading, with the main index showing
Published 09 Aug, 2011 02:47pm
Oil prices slump on demand fears
Energy

Oil prices slump on demand fears

LONDON : World oil prices hit multi-month lows on Tuesday as traders eyed the prospect of slowing energy demand in Chin
Published 09 Aug, 2011 11:41am
Hina briefs NA about her visit to India
Top News

Hina briefs NA about her visit to India

ISLAMABAD : Foreign Minister Hina Rabbani Khar declared in the National Assembly that Pakistan was seeking good neighb
Published 09 Aug, 2011 08:12am
Indian stocks fall to 14-month low
Top News

Indian stocks fall to 14-month low

MUMBAI : Indian stocks fell to a 14-month low in choppy trade on Tuesday, as Asian markets tumbled on concerns that glo
Published 09 Aug, 2011 08:08am
European stocks turn firmer
Financial

European stocks turn firmer

LONDON: European stock markets were turning firmer in early trade on Tuesday after sharp losses a day earlier caused b
Published 09 Aug, 2011 07:31am
Spanish shares jump at open
Financial

Spanish shares jump at open

MADRID : Spanish shares jumped 1.94 percent in opening trade Tuesday as government bonds strengthened, bucking the trend
Published 09 Aug, 2011 07:26am
NICL case hearing adjourned until August
Top News

NICL case hearing adjourned until August

LAHORE : Lahore District and Sessions Judge Mujahid Mustaqim heard the National Insurance Corporation Ltd (NICL) scam ca
Published 09 Aug, 2011 06:35am
Japan's TEPCO to post huge loss
Top News

Japan's TEPCO to post huge loss

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Published 09 Aug, 2011 05:42am
Japan's TEPCO to post huge loss
Top News

Japan's TEPCO to post huge loss

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Published 09 Aug, 2011 05:42am
Japan's TEPCO to post huge loss
Top News

Japan's TEPCO to post huge loss

TOKYO: The operator of Japan's crippled Fukushima nuclear plant, Tokyo Electric Power Company (TEPCO), was expected to a
Published 09 Aug, 2011 05:42am
BAFL strikes the right note
BR Research

BAFL strikes the right note

Bank Alfalahs (BAFL) healthy first-half CY11 result did not cause much of a stir among investors on Monday. The string of hale and hearty fi
Published 09 Aug, 2011 12:00am
Trade policy - an impasse
BR Research

Trade policy - an impasse

Each year, there comes a time when the ministry of commerce is engulfed in heated debates between industrialists, traders and representative
Published 09 Aug, 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 09 Aug, 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 09 Aug, 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 (August 08, 2011).

Published 09 Aug, 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 (August 08, 2011).

Published 09 Aug, 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 (August 08, 2011).

Published 09 Aug, 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 (August 08, 2011).

Published 09 Aug, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (August 08, 2011).
Published 09 Aug, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (August 08, 2011).

Published 09 Aug, 2011 12:00am
Karachi situation: Army voices concern for the first time

Karachi situation: Army voices concern for the first time

Pakistan army expressed its deep concern for the first time on Monday over the law and order situation in Karachi. In its 141st Corps Commanders' conference held at General Headquarters, the generals discussed in detail the deteriorating law and order sit
Published 09 Aug, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (August 08, 2011).

Published 09 Aug, 2011 12:00am
Karachi situation: Army voices concern for the first time

Karachi situation: Army voices concern for the first time

Pakistan army expressed its deep concern for the first time on Monday over the law and order situation in Karachi. In its 141st Corps Commanders' conference held at General Headquarters, the generals discussed in detail the deteriorating law and order sit
Published 09 Aug, 2011 12:00am
Two MQM activists among five shot dead

Two MQM activists among five shot dead

At least five persons including two activists of Muttahida Qaumi Movement (MQM) were killed in targeted killings at various parts of the metropolis, on Monday. According to police, two activists of MQM were gunned down in a drive-by shooting at Abul Hassa
Published 09 Aug, 2011 12:00am
Two MQM activists among five shot dead

Two MQM activists among five shot dead

At least five persons including two activists of Muttahida Qaumi Movement (MQM) were killed in targeted killings at various parts of the metropolis, on Monday. According to police, two activists of MQM were gunned down in a drive-by shooting at Abul Hassa
Published 09 Aug, 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 (August 08, 2011).
Published 09 Aug, 2011 12:00am
Heavy rains lash Islamabad and Lahore

Heavy rains lash Islamabad and Lahore

Heavy monsoon rain in the Federal capital on Monday morning exposed the Capital Development Authority's (CDA) poor sanitation system as gushing rainwater entered several important buildings including Parliament House, Poly Clinic Hospital and Marriott Hot
Published 09 Aug, 2011 12:00am
Heavy rains lash Islamabad and Lahore

Heavy rains lash Islamabad and Lahore

Heavy monsoon rain in the Federal capital on Monday morning exposed the Capital Development Authority's (CDA) poor sanitation system as gushing rainwater entered several important buildings including Parliament House, Poly Clinic Hospital and Marriott Hot
Published 09 Aug, 2011 12:00am
IP gas pipeline project: Russia's Gazprom submits EoI

IP gas pipeline project: Russia's Gazprom submits EoI

The largest Russian gas exploration company, Gazprom, has shown interest in the project of building Iran-Pakistan gas pipeline (IP). It has submitted Expression of Interest in response to Inter-State Gas Company's invitation. According to sources in the M
Published 09 Aug, 2011 12:00am
IP gas pipeline project: Russia's Gazprom submits EoI

IP gas pipeline project: Russia's Gazprom submits EoI

The largest Russian gas exploration company, Gazprom, has shown interest in the project of building Iran-Pakistan gas pipeline (IP). It has submitted Expression of Interest in response to Inter-State Gas Company's invitation. According to sources in the M
Published 09 Aug, 2011 12:00am
IP gas pipeline project: Russia''s Gazprom submits EoI

IP gas pipeline project: Russia''s Gazprom submits EoI

The largest Russian gas exploration company, Gazprom, has shown interest in the project of building Iran-Pakistan gas pipeline (IP). It has submitted Expression of Interest in response to Inter-State Gas Company''s invitation. According to sources in the
Published 09 Aug, 2011 12:00am
Obama says America still a 'triple-A' country

Obama says America still a 'triple-A' country

President Barack Obama vowed Monday that America would always be a "triple-A country," defending US credit after a historic downgrade and insisting the reeling economy was "eminently" fixable. Speaking against a backdrop of tumbling global stock markets,
Published 09 Aug, 2011 12:00am
Obama says America still a 'triple-A' country

Obama says America still a 'triple-A' country

President Barack Obama vowed Monday that America would always be a "triple-A country," defending US credit after a historic downgrade and insisting the reeling economy was "eminently" fixable. Speaking against a backdrop of tumbling global stock markets,
Published 09 Aug, 2011 12:00am
Obama says America still a ''triple-A'' country

Obama says America still a ''triple-A'' country

President Barack Obama vowed Monday that America would always be a "triple-A country," defending US credit after a historic downgrade and insisting the reeling economy was "eminently" fixable. Speaking against a backdrop of tumbling global stock markets,
Published 09 Aug, 2011 12:00am
Asia would be hit harder by a second global financial crisis: S&P

Asia would be hit harder by a second global financial crisis: S&P

A new global financial crisis would hit Asia harder than the last one, especially nations heavily exposed to offshore markets or still repairing budgets from the 2008-2009 crisis, credit ratings agency Standard and Poor's said on Monday. The agency, which
Published 09 Aug, 2011 12:00am
New clashes break out in London

New clashes break out in London

Youths hurled missiles at police in north-east London on Monday as violence broke out in the British capital for a third night. Protesters threw bottles, rubbish bins and supermarket trolleys at officers, and police with riot shields responded by charging
Published 09 Aug, 2011 12:00am
New clashes break out in London

New clashes break out in London

Youths hurled missiles at police in north-east London on Monday as violence broke out in the British capital for a third night. Protesters threw bottles, rubbish bins and supermarket trolleys at officers, and police with riot shields responded by charging
Published 09 Aug, 2011 12:00am
Tax survey of big markets likely

Tax survey of big markets likely

The Federal Board of Revenue is likely to conduct a national tax survey of posh markets, business establishments, departmental stores and big retail outlets, etc, to check/verify whether business units/shop owners have obtained National Tax Numbers (NTNs)
Published 09 Aug, 2011 12:00am
Tax survey of big markets likely

Tax survey of big markets likely

The Federal Board of Revenue is likely to conduct a national tax survey of posh markets, business establishments, departmental stores and big retail outlets, etc, to check/verify whether business units/shop owners have obtained National Tax Numbers (NTNs)
Published 09 Aug, 2011 12:00am
Tax survey of big markets likely

Tax survey of big markets likely

The Federal Board of Revenue is likely to conduct a national tax survey of posh markets, business establishments, departmental stores and big retail outlets, etc, to check/verify whether business units/shop owners have obtained National Tax Numbers (NTNs)
Published 09 Aug, 2011 12:00am
Tax Year 2011: draft of new tax return forms issued

Tax Year 2011: draft of new tax return forms issued

The Federal Board of Revenue has issued the draft of the new income tax return forms for individuals, Association of Persons (AOPs) and companies for the Tax Year 2011. In this connection, the FBR has proposed amendments in the Income Tax Rules 2002 throu
Published 09 Aug, 2011 12:00am
Tax Year 2011: draft of new tax return forms issued

Tax Year 2011: draft of new tax return forms issued

The Federal Board of Revenue has issued the draft of the new income tax return forms for individuals, Association of Persons (AOPs) and companies for the Tax Year 2011. In this connection, the FBR has proposed amendments in the Income Tax Rules 2002 throu
Published 09 Aug, 2011 12:00am
Tax Year 2011: draft of new tax return forms issued

Tax Year 2011: draft of new tax return forms issued

The Federal Board of Revenue has issued the draft of the new income tax return forms for individuals, Association of Persons (AOPs) and companies for the Tax Year 2011. In this connection, the FBR has proposed amendments in the Income Tax Rules 2002 throu
Published 09 Aug, 2011 12:00am
USC defying PPRA rules: substandard goods being supplied to consumers

USC defying PPRA rules: substandard goods being supplied to consumers

The USC is reportedly defying Public Procurement Regulatory Authority (PPRA) rules, and supplying substandard goods to consumers, sources in the Ministry of Industries told Business Recorder. Senate standing committee on industries, headed by Ishaq
Published 09 Aug, 2011 12:00am
USC defying PPRA rules: substandard goods being supplied to consumers

USC defying PPRA rules: substandard goods being supplied to consumers

The USC is reportedly defying Public Procurement Regulatory Authority (PPRA) rules, and supplying substandard goods to consumers, sources in the Ministry of Industries told Business Recorder. Senate standing committee on industries, headed by Ishaq
Published 09 Aug, 2011 12:00am
USC defying PPRA rules: substandard goods being supplied to consumers

USC defying PPRA rules: substandard goods being supplied to consumers

The USC is reportedly defying Public Procurement Regulatory Authority (PPRA) rules, and supplying substandard goods to consumers, sources in the Ministry of Industries told Business Recorder. Senate standing committee on industries, headed by Ishaq
Published 09 Aug, 2011 12:00am
Index makes modest gains

Index makes modest gains

Late buying on dips supported the KSE-100 index on Monday to close in positive at 11,404.17 points with a modest gain of 29.08 points after a massive onslaught of over 300 points in early hours. "Local investors and corporate participants took fresh posit
Published 09 Aug, 2011 12:00am
Index makes modest gains

Index makes modest gains

Late buying on dips supported the KSE-100 index on Monday to close in positive at 11,404.17 points with a modest gain of 29.08 points after a massive onslaught of over 300 points in early hours. "Local investors and corporate participants took fresh posit
Published 09 Aug, 2011 12:00am
Index makes modest gains

Index makes modest gains

Late buying on dips supported the KSE-100 index on Monday to close in positive at 11,404.17 points with a modest gain of 29.08 points after a massive onslaught of over 300 points in early hours. "Local investors and corporate participants took fresh posit
Published 09 Aug, 2011 12:00am
BRIndex30 up 155.16 points

BRIndex30 up 155.16 points

On Monday, the BRIndex30 opened at 7,917.21 points. It touched the intra-day high of 8,092.31 points and low of 7,695.04 points, and closed at 8,072.37 points with a net positive change of 155.16 points, or 1.96 percent higher than previous close.
Published 09 Aug, 2011 12:00am
BRIndex30 up 155.16 points

BRIndex30 up 155.16 points

On Monday, the BRIndex30 opened at 7,917.21 points. It touched the intra-day high of 8,092.31 points and low of 7,695.04 points, and closed at 8,072.37 points with a net positive change of 155.16 points, or 1.96 percent higher than previous close.
Published 09 Aug, 2011 12:00am
Investors dump stocks after downgrade

Investors dump stocks after downgrade

US stocks plunged on Monday and investors fled to the safety of gold and bonds after the downgrade of the US credit rating by Standard & Poor's stoked fears the United States is slipping into recession. Walls Street tumbled on Monday, with the S&P down mo
Published 09 Aug, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Aug, 2011 12:00am
Investors dump stocks after downgrade

Investors dump stocks after downgrade

US stocks plunged on Monday and investors fled to the safety of gold and bonds after the downgrade of the US credit rating by Standard & Poor's stoked fears the United States is slipping into recession. Walls Street tumbled on Monday, with the S&P down mo
Published 09 Aug, 2011 12:00am
Investors dump stocks after downgrade

Investors dump stocks after downgrade

US stocks plunged on Monday and investors fled to the safety of gold and bonds after the downgrade of the US credit rating by Standard & Poor''s stoked fears the United States is slipping into recession. Walls Street tumbled on Monday, with the S&P down m
Published 09 Aug, 2011 12:00am
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