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Archive - 2011-08-10
US Senator Webb to visit Asia
Asia

US Senator Webb to visit Asia

WASHINGTON : Democratic US Senator Jim Webb, a critic of China and champion of engaging Myanmar , will visit Thail
Published 10 Aug, 2011 08:49pm
US hits Syria with new sanctions
Top News

US hits Syria with new sanctions

WASHINGTON : The United States imposed sanctions on Wednesday against Syria 's largest commercial bank and mobile p
Published 10 Aug, 2011 06:07pm
World shares retreat on French jitters
Top News

World shares retreat on French jitters

NEW YORK : Global stocks slumped on Wednesday as the appetite for risk evaporated, with worries about Europe 's debt pr
Published 10 Aug, 2011 04:56pm
World shares retreat on French jitters
Top News

World shares retreat on French jitters

NEW YORK : Global stocks slumped on Wednesday as the appetite for risk evaporated, with worries about Europe 's debt pr
Published 10 Aug, 2011 03:32pm
Three Pakistanis killed in UK riots
Top News

Three Pakistanis killed in UK riots

ISLAMABAD: Counsellor of Birmingham Anser Khan said that three Pakistanis including two brothers were killed in a car ac
Published 10 Aug, 2011 03:18pm
India 205-8 against England
Cricket

India 205-8 against England

Normal 0 MicrosoftInternetExplorer4 BIRMINGHAM: India, after losing the toss, were 205 for eight against
Published 10 Aug, 2011 02:57pm
India 205-8 against England
Cricket

India 205-8 against England

BIRMINGHAM : India, after losing the toss, were 205 for eight against England at tea on the first day of the third Test
Published 10 Aug, 2011 02:57pm
Gold eases at Rs48,771
Markets

Gold eases at Rs48,771

KARACHI: Gold slipped by Rs104 to ease at Rs48,771 per 10 grams in the local market Wednesday, as its international pric
Published 10 Aug, 2011 02:39pm
Shujaat calls on President
Pakistan

Shujaat calls on President

ISLAMABAD : President PML-(Q) Chaudhry Shujaat Hussain called on President Asif Ali Zardari at the Aiwan-e-Sadr here on
Published 10 Aug, 2011 12:58pm
NIT units prices announced
Markets

NIT units prices announced

KARACHI : The sale and re-purchase prices announced for Wednesday for units of different funds under the management of N
Published 10 Aug, 2011 12:03pm
Three Pakistanis killed in UK riots
Top News

Three Pakistanis killed in UK riots

ISLAMABAD: Counselor of Birmingham Anser Khan said that three Pakistanis including two brothers were killed in a car acc
Published 10 Aug, 2011 07:19am
Spot gold eyes $1,796/oz
Top News

Spot gold eyes $1,796/oz

Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTab
Published 10 Aug, 2011 04:59am
Circular debt - PSO - same story
BR Research

Circular debt - PSO - same story

Had it not been for a free falling market, Pakistan State Oils share price would have touched its upper circuit breaker yesterday, rather th
Published 10 Aug, 2011 12:00am
PPL shines yet again
BR Research

PPL shines yet again

Pakistan Petroleum Limited (PPL) is in pretty good shape. The company announced its full year FY11 financial results yesterday, which were m
Published 10 Aug, 2011 12:00am
Unilevers organic growth
BR Research

Unilevers organic growth

The past six months have been quite eventful for Unilever Pakistan. The company announced its financial results for the first half of the cu
Published 10 Aug, 2011 12:00am
OGDCL's exchangeable bonds: Cabinet to approve tax exemptions today

OGDCL's exchangeable bonds: Cabinet to approve tax exemptions today

Federal cabinet, which is scheduled to meet on Wednesday (today) with Prime Minister, Syed Yousaf Raza Gilani, in the chair, will approve tax exemptions for investors of OGDCL's Exchangeable Bonds (EB) of $750 million, documents available with Business
Published 10 Aug, 2011 12:00am
OGDCL's exchangeable bonds: Cabinet to approve tax exemptions today

OGDCL's exchangeable bonds: Cabinet to approve tax exemptions today

Federal cabinet, which is scheduled to meet on Wednesday (today) with Prime Minister, Syed Yousaf Raza Gilani, in the chair, will approve tax exemptions for investors of OGDCL's Exchangeable Bonds (EB) of $750 million, documents available with Business
Published 10 Aug, 2011 12:00am
OGDCL''s exchangeable bonds: Cabinet to approve tax exemptions today

OGDCL''s exchangeable bonds: Cabinet to approve tax exemptions today

Federal cabinet, which is scheduled to meet on Wednesday (today) with Prime Minister, Syed Yousaf Raza Gilani, in the chair, will approve tax exemptions for investors of OGDCL''s Exchangeable Bonds (EB) of $750 million, documents available with Busines
Published 10 Aug, 2011 12:00am
OGDCL''''s exchangeable bonds: Cabinet to approve tax exemptions today

OGDCL''''s exchangeable bonds: Cabinet to approve tax exemptions today

Federal cabinet, which is scheduled to meet on Wednesday (today) with Prime Minister, Syed Yousaf Raza Gilani, in the chair, will approve tax exemptions for investors of OGDCL''''s Exchangeable Bonds (EB) of $750 million, documents available with Busin
Published 10 Aug, 2011 12:00am
EAD violating Cabinet decision?

EAD violating Cabinet decision?

The Economic Affairs Division (EAD) is reportedly violating Cabinet decision that requires its approval of all agreements prior to signing with other countries, sources in Cabinet Division told Business Recorder. A recent example is that of an agre
Published 10 Aug, 2011 12:00am
EAD violating Cabinet decision?

EAD violating Cabinet decision?

The Economic Affairs Division (EAD) is reportedly violating Cabinet decision that requires its approval of all agreements prior to signing with other countries, sources in Cabinet Division told Business Recorder. A recent example is that of an agre
Published 10 Aug, 2011 12:00am
EAD violating Cabinet decision?

EAD violating Cabinet decision?

The Economic Affairs Division (EAD) is reportedly violating Cabinet decision that requires its approval of all agreements prior to signing with other countries, sources in Cabinet Division told Business Recorder. A recent example is that of an agre
Published 10 Aug, 2011 12:00am
LSE index down 105.58 points

LSE index down 105.58 points

Equities on Tuesday remained under pressure on the Lahore Stock Exchange and ended in negative zone amid decreased trading turnover due to lack of interest on the part of investors. The LSE-25 index declined to 2678.78 against 2784.36 of Monday, denoting
Published 10 Aug, 2011 12:00am
LSE index down 105.58 points

LSE index down 105.58 points

Equities on Tuesday remained under pressure on the Lahore Stock Exchange and ended in negative zone amid decreased trading turnover due to lack of interest on the part of investors. The LSE-25 index declined to 2678.78 against 2784.36 of Monday, denoting
Published 10 Aug, 2011 12:00am
106.26 points' drop in ISE index

106.26 points' drop in ISE index

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Tuesday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 106.26 points from 2,507.00 points to 2400.74 points. Turnover amounted to 43,062 shares as
Published 10 Aug, 2011 12:00am
106.26 points' drop in ISE index

106.26 points' drop in ISE index

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Tuesday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 106.26 points from 2,507.00 points to 2400.74 points. Turnover amounted to 43,062 shares as
Published 10 Aug, 2011 12:00am
US transfers Libyan embassy to rebels

US transfers Libyan embassy to rebels

The United States said Tuesday it has transferred the Libyan embassy in Washington to the National Transitional Council, which Washington has recognised as Libya's de facto government. "It is true," State Department spokeswoman Victoria Nuland told report
Published 10 Aug, 2011 12:00am
Clashes erupt at anti-graft rally in New Delhi

Clashes erupt at anti-graft rally in New Delhi

Police fired water cannons and tear gas at opposition party activists on the streets of the Indian capital on Tuesday, as thousands of anti-government protesters rallied against the ruling Congress party over corruption scandals. Youth demonstrators from
Published 10 Aug, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Aug, 2011 12:00am
Old arms licences: validation date extended up to September 30

Old arms licences: validation date extended up to September 30

Interior Ministry has reversed its decision regarding the validation of old arms licenses issued by the ministry and decided to extend validation date of old arms licenses up to September 30, 2011. The decision was taken in a meeting held here at Interior
Published 10 Aug, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 10 Aug, 2011 12:00am
Old arms licences: validation date extended up to September 30

Old arms licences: validation date extended up to September 30

Interior Ministry has reversed its decision regarding the validation of old arms licenses issued by the ministry and decided to extend validation date of old arms licenses up to September 30, 2011. The decision was taken in a meeting held here at Interior
Published 10 Aug, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Aug, 2011 12:00am
US Senators urge sanctions on Iran finances

US Senators urge sanctions on Iran finances

An overwhelming majority of the US Senate urged President Barack Obama on Tuesday to impose "crippling sanctions" on Iran's financial system in a bid to hinder its suspect nuclear program. "The time has come to impose crippling sanctions on Iran's financi
Published 10 Aug, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Aug, 2011 12:00am
Amendment to ASF law: MoD fails to get clearance of Cabinet decision

Amendment to ASF law: MoD fails to get clearance of Cabinet decision

The Ministry of Defence has reportedly failed to get clearance of a decision of the Cabinet, which would have benefited the Airport Security Force (ASF), despite passage of several years. ASF was established in 1976 under the ASF Act LXXVII of 1975 for en
Published 10 Aug, 2011 12:00am
Amendment to ASF law: MoD fails to get clearance of Cabinet decision

Amendment to ASF law: MoD fails to get clearance of Cabinet decision

The Ministry of Defence has reportedly failed to get clearance of a decision of the Cabinet, which would have benefited the Airport Security Force (ASF), despite passage of several years. ASF was established in 1976 under the ASF Act LXXVII of 1975 for en
Published 10 Aug, 2011 12:00am
Amendment to ASF law: MoD fails to get clearance of Cabinet decision

Amendment to ASF law: MoD fails to get clearance of Cabinet decision

The Ministry of Defence has reportedly failed to get clearance of a decision of the Cabinet, which would have benefited the Airport Security Force (ASF), despite passage of several years. ASF was established in 1976 under the ASF Act LXXVII of 1975 for en
Published 10 Aug, 2011 12:00am
PPL posts Rs 31.445 billion profit after tax

PPL posts Rs 31.445 billion profit after tax

Pakistan Petroleum Limited (PPL) has posted rupees 31.445 billion as profit after tax in the year ended June 30, 2011 as compared to Rs 23.320 billion earned in FY10. The company's earning per share increased to Rs 26.31 in the period under review against
Published 10 Aug, 2011 12:00am
PPL posts Rs 31.445 billion profit after tax

PPL posts Rs 31.445 billion profit after tax

Pakistan Petroleum Limited (PPL) has posted rupees 31.445 billion as profit after tax in the year ended June 30, 2011 as compared to Rs 23.320 billion earned in FY10. The company's earning per share increased to Rs 26.31 in the period under review against
Published 10 Aug, 2011 12:00am
PPL posts Rs 31.445 billion profit after tax

PPL posts Rs 31.445 billion profit after tax

Pakistan Petroleum Limited (PPL) has posted rupees 31.445 billion as profit after tax in the year ended June 30, 2011 as compared to Rs 23.320 billion earned in FY10. The company''s earning per share increased to Rs 26.31 in the period under review agains
Published 10 Aug, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (August 09, 2011).

Published 10 Aug, 2011 12:00am
PPL posts Rs 31.445 billion profit after tax

PPL posts Rs 31.445 billion profit after tax

Pakistan Petroleum Limited (PPL) has posted rupees 31.445 billion as profit after tax in the year ended June 30, 2011 as compared to Rs 23.320 billion earned in FY10. The company''''s earning per share increased to Rs 26.31 in the period under review agai
Published 10 Aug, 2011 12:00am
Profit after tax of PSO increases to Rs 14.779 billion

Profit after tax of PSO increases to Rs 14.779 billion

The profit after tax of Pakistan State Oil (PSO) increased to rupees 14.779 billion in the fiscal year ended June 30, 2011 (FY11) as compared to Rs 9.049 billion earned in FY10. The earning per share (EPS) of the country's largest state owned oil marketin
Published 10 Aug, 2011 12:00am
Profit after tax of PSO increases to Rs 14.779 billion

Profit after tax of PSO increases to Rs 14.779 billion

The profit after tax of Pakistan State Oil (PSO) increased to rupees 14.779 billion in the fiscal year ended June 30, 2011 (FY11) as compared to Rs 9.049 billion earned in FY10. The earning per share (EPS) of the country's largest state owned oil marketin
Published 10 Aug, 2011 12:00am
Profit after tax of PSO increases to Rs 14.779 billion

Profit after tax of PSO increases to Rs 14.779 billion

The profit after tax of Pakistan State Oil (PSO) increased to rupees 14.779 billion in the fiscal year ended June 30, 2011 (FY11) as compared to Rs 9.049 billion earned in FY10. The earning per share (EPS) of the country''s largest state owned oil marketi
Published 10 Aug, 2011 12:00am
Profit after tax of PSO increases to Rs 14.779 billion

Profit after tax of PSO increases to Rs 14.779 billion

The profit after tax of Pakistan State Oil (PSO) increased to rupees 14.779 billion in the fiscal year ended June 30, 2011 (FY11) as compared to Rs 9.049 billion earned in FY10. The earning per share (EPS) of the country''''s largest state owned oil marke
Published 10 Aug, 2011 12:00am
THE RUPEE: dollar down

THE RUPEE: dollar down

The rupee moved up on the currency market on Tuesday during the smooth supply of dollars, dealers said. The rupee maintained firm trend versus the US currency, gaining seven paisa for buying at 86.40 and rose by six paisa for selling at 86.45, they said.
Published 10 Aug, 2011 12:00am
Fair capital market: SECP develops inspection policy

Fair capital market: SECP develops inspection policy

In order to ensure a fair and transparent capital market, the Securities and Exchange Commission of Pakistan (SECP) has developed an inspection policy to ensure regulatory compliance by the participants of the securities market. Additionally, an inspectio
Published 10 Aug, 2011 12:00am
THE RUPEE: dollar down

THE RUPEE: dollar down

The rupee moved up on the currency market on Tuesday during the smooth supply of dollars, dealers said. The rupee maintained firm trend versus the US currency, gaining seven paisa for buying at 86.40 and rose by six paisa for selling at 86.45, they said.
Published 10 Aug, 2011 12:00am
Fair capital market: SECP develops inspection policy

Fair capital market: SECP develops inspection policy

In order to ensure a fair and transparent capital market, the Securities and Exchange Commission of Pakistan (SECP) has developed an inspection policy to ensure regulatory compliance by the participants of the securities market. Additionally, an inspectio
Published 10 Aug, 2011 12:00am
Fair capital market: SECP develops inspection policy

Fair capital market: SECP develops inspection policy

In order to ensure a fair and transparent capital market, the Securities and Exchange Commission of Pakistan (SECP) has developed an inspection policy to ensure regulatory compliance by the participants of the securities market. Additionally, an inspectio
Published 10 Aug, 2011 12:00am
NOC for travel in country: deadlock persists on list of US diplomats

NOC for travel in country: deadlock persists on list of US diplomats

Deadlock persists between Pakistan and the US in resolving the issue of travel instructions with regard to American diplomats following issuance of 30-day No Objection Certificate (NOC) to the diplomatic staff at the US embassy. Diplomatic sources said th
Published 10 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 09, 2011).

Published 10 Aug, 2011 12:00am
NOC for travel in country: deadlock persists on list of US diplomats

NOC for travel in country: deadlock persists on list of US diplomats

Deadlock persists between Pakistan and the US in resolving the issue of travel instructions with regard to American diplomats following issuance of 30-day No Objection Certificate (NOC) to the diplomatic staff at the US embassy. Diplomatic sources said th
Published 10 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 09, 2011).

Published 10 Aug, 2011 12:00am
Detailed action plan to be formulated: Committee on energy sector meets

Detailed action plan to be formulated: Committee on energy sector meets

A high-level meeting of the committee formed by Prime Minister Syed Yousuf Raza Gilani for resolving the energy sector issues was held under the chairmanship of the Finance Minister. Members of the committee include Ministers of Water and Power, Petroleum
Published 10 Aug, 2011 12:00am
Detailed action plan to be formulated: Committee on energy sector meets

Detailed action plan to be formulated: Committee on energy sector meets

A high-level meeting of the committee formed by Prime Minister Syed Yousuf Raza Gilani for resolving the energy sector issues was held under the chairmanship of the Finance Minister. Members of the committee include Ministers of Water and Power, Petroleum
Published 10 Aug, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (August 09, 2011).

Published 10 Aug, 2011 12:00am
Detailed action plan to be formulated: Committee on energy sector meets

Detailed action plan to be formulated: Committee on energy sector meets

A high-level meeting of the committee formed by Prime Minister Syed Yousuf Raza Gilani for resolving the energy sector issues was held under the chairmanship of the Finance Minister. Members of the committee include Ministers of Water and Power, Petroleum
Published 10 Aug, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (August 09, 2011) and for Wednesday (August 10, 2011).
Published 10 Aug, 2011 12:00am
Arnold flouts Austrian smoking law, fined

Arnold flouts Austrian smoking law, fined

Ex-California governor Arnold Schwarzenegger was fined 200 euros twice for puffing his cigar at two Austrian airports on a visit to his mother country in June, the daily Krone Zeitung reported Tuesday. The offences took place at Graz and Salzburg, the new
Published 10 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (August 09, 2011).

Published 10 Aug, 2011 12:00am
Arnold flouts Austrian smoking law, fined

Arnold flouts Austrian smoking law, fined

Ex-California governor Arnold Schwarzenegger was fined 200 euros twice for puffing his cigar at two Austrian airports on a visit to his mother country in June, the daily Krone Zeitung reported Tuesday. The offences took place at Graz and Salzburg, the new
Published 10 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 10 Aug, 2011 12:00am
Pakistani art makes US debut amid political challenges

Pakistani art makes US debut amid political challenges

An exhibit of rare Buddhist sculptures, architectural relieves and works of gold and bronze is opening at the Asia Society Museum on Tuesday after a long and tumultuous journey from Pakistan. The works, many of which have never been shown before in the Un
Published 10 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 10 Aug, 2011 12:00am
Gilani pays respects at Roza-e-Rasool

Gilani pays respects at Roza-e-Rasool

Prime Minister Syed Yousuf Raza Gilani on Tuesday paid his respects at the Roza-e-Rasool (Peace be upon Him), offered 'Nawafil' and prayed for peace, progress and unity of Pakistan and well being of its people. The Prime Minister who is on an official vis
Published 10 Aug, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 09, 2011).

Published 10 Aug, 2011 12:00am
Pakistan seeks good relations with New Delhi: Hina

Pakistan seeks good relations with New Delhi: Hina

Foreign Minister Hina Rabbani Khar has said that Pakistan seeks good relations with all its neighbours, including New Delhi. Hina expressed these views while briefing the National Assembly on Tuesday regarding her recent visit to India and ministers' leve
Published 10 Aug, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (August 09, 2011) and the forecast for Wednesday (August 10, 2011).

Published 10 Aug, 2011 12:00am
BoP scam: 'Haris Afzal creating problems for inquiry body'

BoP scam: 'Haris Afzal creating problems for inquiry body'

Advocate General Punjab, Khwaja Haris on Tuesday apprised the Supreme Court that Haris Afzal, son of Sheikh Afzal, main accused of rupees nine billion Bank of Punjab (BoP) loan scam, is creating hindrance for the Salvation Committee tasked to recover the
Published 10 Aug, 2011 12:00am
PNCA holds Mehfile Milad

PNCA holds Mehfile Milad

Pakistan National Council of the Arts, (PNCA) on Tuesday organised Mehfil-e-Milad for females to coincide the holy month of Ramadan. Renowned Naat Khawan of TV, Radio and intellectual women spoke on Seerat-un-Nabi (Peace Be Upon Him) and presented Naate R
Published 10 Aug, 2011 12:00am
Punjab University to organise flag-hoisting ceremony on August 14

Punjab University to organise flag-hoisting ceremony on August 14

As per past practice, Punjab University will organise a flag hoisting ceremony in front of the Vice Chancellor Office, Administration Block New Campus on Sunday, August 14 at 8:00am in connection with the independence day of the country. Vice chancellor,
Published 10 Aug, 2011 12:00am
116 POs held in Swabi

116 POs held in Swabi

Swabi police on Tuesday claimed to have arrested 116 proclaimed offenders and recovered caches of lethal weapons, drugs from their possession. DPO Swabi Mohammad Ijaz Khan told media men that district police during crackdown arrested 116 proclaimed offend
Published 10 Aug, 2011 12:00am
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