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Archive - 2011-08-13
Obama congratulates new Thai PM
Asia

Obama congratulates new Thai PM

WASHINGTON : US President Barack Obama congratulated Thailand 's first female premier Saturday on her historic election
Published 13 Aug, 2011 09:32pm
Thousands riot in south-west China

Thousands riot in south-west China

Thousands of rioters took to the streets in south-western China, with some smashing and burning vehicles, after a city official injured a female cyclist, state news agency Xinhua reported on Friday. The riots broke out late Thursday in Guizhou province an
Published 13 Aug, 2011 12:00am
German-Turk on trial for supporting al Qaeda

German-Turk on trial for supporting al Qaeda

A 26-year-old German-Turkish citizen charged with plotting an attack with explosives on US installations in Germany and attempting to recruit al Qaeda supporters over the Internet is standing trial in Frankfurt. Prosecutor Michael Bruns told a court Frida
Published 13 Aug, 2011 12:00am
Texas Governor Perry to run for US president

Texas Governor Perry to run for US president

Texas Governor Rick Perry, a staunch conservative with a Washington outsider's resume, will seek the 2012 Republican nomination for US president, his spokesman said on Thursday, adding a top contender to the party's field of hopefuls. "He will make a defi
Published 13 Aug, 2011 12:00am
Hundreds of Jordanians demonstrate

Hundreds of Jordanians demonstrate

Jordanians demonstrated across the country on Friday demanding popular "sovereignty" and an end to corruption. Hundreds of people belonging to pro-reform youth movements staged a rally outside the Grand Husseini Mosque in central Amman after Friday prayer
Published 13 Aug, 2011 12:00am
Norway sets up July 22 commission

Norway sets up July 22 commission

Three weeks to the day after it was hit by the most murderous attacks on its soil since World War II, Norway on Friday presented a commission tasked with determining what lessons to draw from the carnage and ensure nothing similar happens again. "Thousand
Published 13 Aug, 2011 12:00am
Thousands of Yemenis hold rallies

Thousands of Yemenis hold rallies

Hundreds of thousands flooded Yemen's streets Friday seeking victory against "tyrants," a day after President Ali Abdullah Saleh said a Gulf Co-operation Council proposal for power transfer should be treated positively. "God most merciful, grant us victor
Published 13 Aug, 2011 12:00am
Murdoch rival closure lifts Trinity Mirror

Murdoch rival closure lifts Trinity Mirror

Trinity Mirror said it benefited from the closure of the News of the World last month and was satisfied none of its senior executives had hacked phones or bribed police since 2000, lifting its shares. The British newspaper publisher said on Friday that gr
Published 13 Aug, 2011 12:00am
Former Warrant singer Jani Lane dies

Former Warrant singer Jani Lane dies

Jani Lane, the once energetic blond lead singer and songwriter for heavy metal band Warrant, has been found dead in a Los Angeles motel room, police said. He was 47. Lane, best known for singing lead vocals and writing the Hollywood glam band's hits such
Published 13 Aug, 2011 12:00am
Afghanistan vows to 'set standards' on child labour in mines

Afghanistan vows to 'set standards' on child labour in mines

For around $2 a day some Afghan children as young as 10 work long hours in the country's coal mines with no safety gear and, until now, no government mining policy to protect them. While national law allows Afghan children to work up to 35 hours a week fr
Published 13 Aug, 2011 12:00am
Cook's career-best double ton grinds India down

Cook's career-best double ton grinds India down

Alastair Cook's career-best 266 not out and a hundred from Eoin Morgan saw England pile on the agony for India at Edgbaston on Friday. England were a massive 646 for six at tea on the third day for a lead of 422. That left India already needing to surpass
Published 13 Aug, 2011 12:00am
Li, Kvitova, Sharapova out in Toronto

Li, Kvitova, Sharapova out in Toronto

Wimbledon champion Petra Kvitova and French Open winner Li Na both crashed out of the Toronto WTA tournament on Thursday as the top seeds tumbled. American Serena Williams avoided joining them after rallying from behind to beat Zheng Jie and win through t
Published 13 Aug, 2011 12:00am
Aussies hail Evans

Aussies hail Evans

Yellow-clad fans in their thousands thronged Melbourne's city centre on Friday to hail Cadel Evans as Australia's first Tour de France champion took a ceremonial ride into town after returning from Europe. Three weeks after his champagne-soaked ride to th
Published 13 Aug, 2011 12:00am
Chong Wei ends Guatemalan dream

Chong Wei ends Guatemalan dream

Top seed Lee Chong Wei of Malaysia swiftly ended the astonishing run of Guatemala's Kevin Cordon on Friday, dispatching him 21-7 21-13 in 25 minutes in their world championships quarter-final at Wembley Arena. Cordon had beaten China's fifth seed Chen Lon
Published 13 Aug, 2011 12:00am
Tevez may stay at City

Tevez may stay at City

Roberto Mancini admitted Friday that unsettled striker Carlos Tevez could be forced to stay at Manchester City because "there isn't a team that wants to take him". Tevez is back training with City ahead of the new Premier League season after representing
Published 13 Aug, 2011 12:00am
Zimbabwe beat Bangladesh by four wickets

Zimbabwe beat Bangladesh by four wickets

Brian Vitori became the first Zimbabwean to take five wickets on his one-day international debut as the home side beat Bangladesh by four wickets in the first of five ODIs at Harare Sports Club here on Friday. After being put into bat, Bangladesh slumped
Published 13 Aug, 2011 12:00am
Djokovic through, Federer out in Montreal

Djokovic through, Federer out in Montreal

Top seed Novak Djokovic surged into the quarter-finals of the ATP Montreal Masters on Thursday and was the last of the top players remaining after Roger Federer fell to Jo-Wilfried Tsonga. Djokovic, the newly crowned world number one, claimed his 50th win
Published 13 Aug, 2011 12:00am
Bandaged McIlroy back on course at PGA

Bandaged McIlroy back on course at PGA

Injured Rory McIlroy, a bandage on his right arm to ease the pain of a strained tendon in his wrist, teed off with his fellow reigning major champions on Friday at the 93rd PGA Championship. The 22-year-old US Open winnr from Northern Ireland suffered the
Published 13 Aug, 2011 12:00am
Terry predicting hardest ever Premier League

Terry predicting hardest ever Premier League

Chelsea captain John Terry is predicting the most fiercely contested title race in years as the Premier League kicks-off on Saturday after a summer of lavish spending by English football's elite. Terry believes defending champions Manchester United remain
Published 13 Aug, 2011 12:00am
Australian and New Zealand dollars off lows

Australian and New Zealand dollars off lows

The Australian and New Zealand dollars broadly held onto overnight gains on Friday, though they remained vulnerable to waves of market panic, particularly as worries about the eurozone financial sector persisted. The Aussie last traded at $1.0285, down fr
Published 13 Aug, 2011 12:00am
Dollar funding costs stay at four-month high

Dollar funding costs stay at four-month high

Worries the eurozone debt crisis could spread to France kept dollar funding costs for European banks high on Friday, and a partial short-selling ban on shares did nothing to ease already elevated levels of money market stress. Benchmark three-month dollar
Published 13 Aug, 2011 12:00am
Indian rupee up

Indian rupee up

The Indian rupee ended higher on Friday aided by a stronger euro after shaving most gains on heavy dollar buying by oil importers and negative local shares. The partially convertible rupee closed at 45.35/36 per dollar, 0.1 percent stronger than Thursday'
Published 13 Aug, 2011 12:00am
Won erases two-month gains

Won erases two-month gains

The South Korean won erased nearly all its gain in June and July by falling for a third week, while most emerging Asian currencies weakened on increasing worries about sovereign debt problems and an economic slowdown in developed markets. On Friday, the w
Published 13 Aug, 2011 12:00am
Yuan hits new peak

Yuan hits new peak

The yuan hit a new trading peak against the dollar on Friday, extending a steep rise earlier this week as a record high central bank mid-point for the third straight day may be signalling a change in China's currency policy to cope with new global market
Published 13 Aug, 2011 12:00am
Euro, dollar soar versus Swiss franc

Euro, dollar soar versus Swiss franc

The dollar and euro posted their best days ever against the Swiss franc on Thursday, jumping as much as 6 percent after falling to record lows this week, as the Swiss National Bank said it could peg the franc to the euro to rein in a soaring currency.
Published 13 Aug, 2011 12:00am
Early trade in New York: Swiss franc plummets

Early trade in New York: Swiss franc plummets

The Swiss franc fell sharply against the euro for a second session on Friday a day after the Swiss National Bank said it may peg the franc to halt its rally, though analysts said such a move was unlikely for now. The yen hovered near a record high versus
Published 13 Aug, 2011 12:00am
Euro inches up in London

Euro inches up in London

The euro edged higher on Friday as European stocks gained after a ban on short-selling of financial shares by some eurozone countries seemed to have soothed frayed nerves, although persistent worries about debt contagion checked gains. The safe-haven Swis
Published 13 Aug, 2011 12:00am
Swiss franc recoups losses

Swiss franc recoups losses

The safe-haven Swiss franc recouped some of its losses in Asia on Friday, having posted record one-day falls against the euro and dollar in the previous session after the Swiss National Bank threatened to step up its fight to curb the franc's strength.
Published 13 Aug, 2011 12:00am
Sterling rises

Sterling rises

Sterling edged higher on Friday, helped by a better tone in equity markets, but gains were being hampered by broader concerns about the fragility of the UK economy and the possibility of more monetary easing. European banking stocks were higher following
Published 13 Aug, 2011 12:00am
FTSE ends higher on the week

FTSE ends higher on the week

Britain's top shares rose on Friday, underpinned by a short-selling ban on financial shares by France, Italy, Spain and Belgium, with banks, integrated oil stocks and miners leading the market higher. After a tumultuous five days, during which it swung in
Published 13 Aug, 2011 12:00am
Australian shares up

Australian shares up

Australian shares lost momentum in late trade as investors preferred to close positions ahead of key US data that could set the market's tone next week, but the index still rose 0.8 percent to a one week closing high. "People are looking to reduce risk by
Published 13 Aug, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 1.06 percent on Friday, reversing gains earlier in the day, led by losses in heavyweights including TSMC amid investor jitters about a global recession. Some fund managers saw selling pressure rising at the key psychological barrier of
Published 13 Aug, 2011 12:00am
European shares gain

European shares gain

European shares gained on Friday as a short-selling ban on financial stocks by France, Italy, Spain and Belgium provided a relief rally in beaten-down banks, while strong US retail sales data also helped investor sentiment. But European shares made their
Published 13 Aug, 2011 12:00am
Nikkei sinks further below 9,000

Nikkei sinks further below 9,000

Tokyo stocks dipped further below the 9,000 line on Friday, extending hefty losses sustained during the most volatile week since the March 11 earthquake as the yen's strength prompted foreigners to sell carmakers, pulling Toyota Motor to its lowest level
Published 13 Aug, 2011 12:00am
Seoul shares give up gains

Seoul shares give up gains

South Korean stocks reversed earlier gains to end lower on Friday, with foreign investors accelerating selling ahead of the weekend, while auto, chemical and refining issues tumbled. The Korea Composite Stock Price Index (KOSPI) lost ground after two days
Published 13 Aug, 2011 12:00am
Long bond in worst sell-off since 1994

Long bond in worst sell-off since 1994

The US Treasury bond market suffered its worst long bond auction in 2-1/2 years on Thursday as foreign investors shunned it in the wake of a damaging budget battle and downgrade to the credit standing of the United States. Losses in the open market put lo
Published 13 Aug, 2011 12:00am
Long bond in worst sell-off since 1994

Long bond in worst sell-off since 1994

The US Treasury bond market suffered its worst long bond auction in 2-1/2 years on Thursday as foreign investors shunned it in the wake of a damaging budget battle and downgrade to the credit standing of the United States. Losses in the open market put lo
Published 13 Aug, 2011 12:00am
Wall Street climbs

Wall Street climbs

US stocks shot up 4 percent on Thursday as bargain-hungry investors overcame the recent wave of fear that drove selling over the last two weeks. Thursday's rally marked the second bounce in a yo-yo week. After a sell-off that pushed the S&P 500 down as mu
Published 13 Aug, 2011 12:00am
Friday's midday trade: stocks rise

Friday's midday trade: stocks rise

US stocks rose about 1 percent on Friday as mildly encouraging retail sales put the S&P on track for a two-day winning streak for the first time since mid-July as investors shrugged off weak consumer sentiment data. Still, the market was on track for its
Published 13 Aug, 2011 12:00am
Hong Kong and Chinese shares up

Hong Kong and Chinese shares up

Hong Kong shares edged up on Friday as investors bought mainland consumer-related stocks to hedge against the prospect of slowing global growth after intense volatility knocked the benchmark Hang Seng index down 6 percent for a second straight week.
Published 13 Aug, 2011 12:00am
Most Southeast Asian stocks bounce back

Most Southeast Asian stocks bounce back

Most Southeast Asian stock markets bounced back on Friday as investors searched for bargains after heavy selling in recent sessions, but worries over the health of global economy and Europe's debt crisis left emerging market equities vulnerable to further
Published 13 Aug, 2011 12:00am
Spot rate raised to Rs 6,400 amid subdued business on cotton market

Spot rate raised to Rs 6,400 amid subdued business on cotton market

Official spot rate was higher on the cotton market on Friday amid thin activity, dealers said. The Karachi Cotton Association (KCA) official spot rate was appreciated by Rs 200 to Rs 6,400, they said. In the ready business over 5000 bales of cotton change
Published 13 Aug, 2011 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 75,368 tonnes of cargo including 48,240 tonnes of import cargo, 27,128 tonnes of export cargo and 4,166 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 48,240 tonnes comprise
Published 13 Aug, 2011 12:00am
India's July vegetable oil imports up

India's July vegetable oil imports up

India's vegetable oil imports rose to 913,179 tonnes in July, up 5.9 percent over June, the fourth straight monthly rise which was higher than the average forecast in a Reuters poll. The imports in July are the highest since November, leading trade body M
Published 13 Aug, 2011 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures settled higher on Thursday, halting a six-day slide as allied US soya markets surged on reduced crop estimates from the US government. However, benchmark November canola settled well below its session high, an indication that f
Published 13 Aug, 2011 12:00am
Recent rains favourable for Argentine wheat crop

Recent rains favourable for Argentine wheat crop

Abundant rains in Argentina since mid-July have created favourable conditions for the 2011/12 wheat crop, whose planting is almost finished, the Buenos Aires Grains Exchange said on Thursday. Argentina, which according to the exchange will see 4.6 million
Published 13 Aug, 2011 12:00am
China aims for stable yuan; markets eye swifter rise

China aims for stable yuan; markets eye swifter rise

China's central bank said on Friday it aimed to keep the currency exchange rate relatively stable, but the pronouncement did little to quiet speculation that Beijing would allow swifter yuan appreciation to help stem inflation. The PBOC said in a quarterl
Published 13 Aug, 2011 12:00am
Oil to boost Ghana economic growth to 13.5 percent

Oil to boost Ghana economic growth to 13.5 percent

Ghana's economy will grow by a continent-leading 13.5 percent this year thanks to the onset of oil revenues, but the fiscal deficit may exceed the government's projections, a Reuters poll showed on Friday. Ghana, already a large gold and cocoa producer, s
Published 13 Aug, 2011 12:00am
Japan vows to keep fiscal target as debt woes plague West

Japan vows to keep fiscal target as debt woes plague West

Japan will aim to keep its ceiling for new borrowing unchanged next fiscal year, the government said on Friday, as the debt crisis engulfing the euro zone and the US credit downgrade flash warning lights for the heavily indebted government. The government
Published 13 Aug, 2011 12:00am
KARACHI CHRONICLE: Building blunders

KARACHI CHRONICLE: Building blunders

Qasr-i-Ruqayya, a five storey building with 18 apartments, in Lyari collapsed like a house of cards. Some apartment dwellers were lucky to escape, some lost atleast one or two members of their family identified in most cases to be women and little childre
Published 13 Aug, 2011 12:00am
ART FACTS: Self-expression and self-exploration

ART FACTS: Self-expression and self-exploration

Three young graduates of Fatima Jinnah Women University, Rawalpindi (FJWU), Natasha Iqbal, Summiya Khan and Sumbal Mushtaq present their artworks for the first time in Karachi at Karachi School of Art Gallery recently. The exhibition title 'First Step' is
Published 13 Aug, 2011 12:00am
Come September, 2011

Come September, 2011

Never a dull moment in the long-running PakCricket saga. In the last few years, moments to savour - few and far apart while moments damaging the game's image here very frequent. Come September 2011, another ugly-entertaining episode is in the making. It h
Published 13 Aug, 2011 12:00am
BRIDGE NOTES: Easier said than done

BRIDGE NOTES: Easier said than done

Bridge is not all about making game contracts or slams be it little or grand. Its about bidding and playing par contracts whether they are at the 6 level, 4 level, 3 level or below. Bidding in bridge is therefore, equally important and the declarer play h
Published 13 Aug, 2011 12:00am
New York cotton

New York cotton

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

Published 13 Aug, 2011 12:00am
New York cotton

New York cotton

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

Published 13 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 13 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 13 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 Friday (August 12, 2011).

Published 13 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 Friday (August 12, 2011).

Published 13 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 Friday (August 12, 2011).

Published 13 Aug, 2011 12:00am
FBR to adopt interactive method to work out estimates

FBR to adopt interactive method to work out estimates

The Federal Board of Revenue (FBR) Chairman, Salman Siddique, has informed the Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) that an interactive method would be adopted for working out revenue estimates for 2011-12, in
Published 13 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 Friday (August 12, 2011).

Published 13 Aug, 2011 12:00am
FBR to adopt interactive method to work out estimates

FBR to adopt interactive method to work out estimates

The Federal Board of Revenue (FBR) Chairman, Salman Siddique, has informed the Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) that an interactive method would be adopted for working out revenue estimates for 2011-12, in
Published 13 Aug, 2011 12:00am
FBR to adopt interactive method to work out estimates

FBR to adopt interactive method to work out estimates

The Federal Board of Revenue (FBR) Chairman, Salman Siddique, has informed the Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) that an interactive method would be adopted for working out revenue estimates for 2011-12, in
Published 13 Aug, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (August 12, 2011).
Published 13 Aug, 2011 12:00am
Quarterly basis: gas prices may be raised by 13-15 percent

Quarterly basis: gas prices may be raised by 13-15 percent

The government intends to raise the gas price by 13 to 15 percent on quarterly basis, with the objective of bringing gas price at par with alternative fuels, like petrol, diesel and furnace oil, officials said. Officials in the Ministry of Petroleum and N
Published 13 Aug, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (August 12, 2011).

Published 13 Aug, 2011 12:00am
Quarterly basis: gas prices may be raised by 13-15 percent

Quarterly basis: gas prices may be raised by 13-15 percent

The government intends to raise the gas price by 13 to 15 percent on quarterly basis, with the objective of bringing gas price at par with alternative fuels, like petrol, diesel and furnace oil, officials said. Officials in the Ministry of Petroleum and N
Published 13 Aug, 2011 12:00am
Quarterly basis: gas prices may be raised by 13-15 percent

Quarterly basis: gas prices may be raised by 13-15 percent

The government intends to raise the gas price by 13 to 15 percent on quarterly basis, with the objective of bringing gas price at par with alternative fuels, like petrol, diesel and furnace oil, officials said. Officials in the Ministry of Petroleum and N
Published 13 Aug, 2011 12:00am
US consumer sentiment slumps, retail sales jump

US consumer sentiment slumps, retail sales jump

US consumer sentiment worsened sharply in early August, falling to the lowest index level since 1980, even though retail sales posted the biggest gains in three months in July, separate reports on Friday showed. US consumer sentiment dropped to its lowest
Published 13 Aug, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (August 12, 2011).

Published 13 Aug, 2011 12:00am
US consumer sentiment slumps, retail sales jump

US consumer sentiment slumps, retail sales jump

US consumer sentiment worsened sharply in early August, falling to the lowest index level since 1980, even though retail sales posted the biggest gains in three months in July, separate reports on Friday showed. US consumer sentiment dropped to its lowest
Published 13 Aug, 2011 12:00am
US consumer sentiment slumps, retail sales jump

US consumer sentiment slumps, retail sales jump

US consumer sentiment worsened sharply in early August, falling to the lowest index level since 1980, even though retail sales posted the biggest gains in three months in July, separate reports on Friday showed. US consumer sentiment dropped to its lowest
Published 13 Aug, 2011 12:00am
Index sheds 2.91 points

Index sheds 2.91 points

Profit-taking in late hours on Friday eroded the early gains and the KSE-100 index closed at 11,262.04 points, marginally down 2.91 points. The market opened on a strong bullish note on the back of investors' interest on dips and the index hit 12,408.00 p
Published 13 Aug, 2011 12:00am
Index sheds 2.91 points

Index sheds 2.91 points

Profit-taking in late hours on Friday eroded the early gains and the KSE-100 index closed at 11,262.04 points, marginally down 2.91 points. The market opened on a strong bullish note on the back of investors' interest on dips and the index hit 12,408.00 p
Published 13 Aug, 2011 12:00am
Index sheds 2.91 points

Index sheds 2.91 points

Profit-taking in late hours on Friday eroded the early gains and the KSE-100 index closed at 11,262.04 points, marginally down 2.91 points. The market opened on a strong bullish note on the back of investors'' interest on dips and the index hit 12,408.00
Published 13 Aug, 2011 12:00am
BRIndex30 up 41.61 points

BRIndex30 up 41.61 points

On Friday, the BRIndex30 opened at 8,109.80 points and remained in positive throughout the trading session. It touched the intra-day high of 8,250.04 points and low of 8,109.80 points and closed at 8,151.41 points with a net positive change of 41.61 point
Published 13 Aug, 2011 12:00am
BRIndex30 up 41.61 points

BRIndex30 up 41.61 points

On Friday, the BRIndex30 opened at 8,109.80 points and remained in positive throughout the trading session. It touched the intra-day high of 8,250.04 points and low of 8,109.80 points and closed at 8,151.41 points with a net positive change of 41.61 point
Published 13 Aug, 2011 12:00am
KSE-30 Index recomposed

KSE-30 Index recomposed

The Karachi Stock Exchange (KSE) has carried out the exercise of re-composition of KSE-30 Index for the review period from January 1, 2011 to June 30, 2011. The re-composition has been carried out on the basis of the criteria of selection of companies, a
Published 13 Aug, 2011 12:00am
KSE-30 Index recomposed

KSE-30 Index recomposed

The Karachi Stock Exchange (KSE) has carried out the exercise of re-composition of KSE-30 Index for the review period from January 1, 2011 to June 30, 2011. The re-composition has been carried out on the basis of the criteria of selection of companies, a
Published 13 Aug, 2011 12:00am
TCP told to import 0.15 million tons of urea on urgent basis

TCP told to import 0.15 million tons of urea on urgent basis

The Federal government has directed the Trading Corporation of Pakistan (TCP) to import another 0.15 million tons of urea, on an urgent basis to meet shortages during the Kharif season. With the import of 0.15 million tons of urea total import by TCP duri
Published 13 Aug, 2011 12:00am
TCP told to import 0.15 million tons of urea on urgent basis

TCP told to import 0.15 million tons of urea on urgent basis

The Federal government has directed the Trading Corporation of Pakistan (TCP) to import another 0.15 million tons of urea, on an urgent basis to meet shortages during the Kharif season. With the import of 0.15 million tons of urea total import by TCP duri
Published 13 Aug, 2011 12:00am
TCP told to import 0.15 million tons of urea on urgent basis

TCP told to import 0.15 million tons of urea on urgent basis

The Federal government has directed the Trading Corporation of Pakistan (TCP) to import another 0.15 million tons of urea, on an urgent basis to meet shortages during the Kharif season. With the import of 0.15 million tons of urea total import by TCP duri
Published 13 Aug, 2011 12:00am
First liver transplant successfully conducted

First liver transplant successfully conducted

Doctors of Sheikh Zayed Hospital on Friday successfully conducted a liver transplant for the first time in country's history. The surgery, headed by chairman of the Sheikh Zayed Hospital Amir Raza, was carried out by a team of doctors including Dr Tariq B
Published 13 Aug, 2011 12:00am
First liver transplant successfully conducted

First liver transplant successfully conducted

Doctors of Sheikh Zayed Hospital on Friday successfully conducted a liver transplant for the first time in country's history. The surgery, headed by chairman of the Sheikh Zayed Hospital Amir Raza, was carried out by a team of doctors including Dr Tariq B
Published 13 Aug, 2011 12:00am
Petroleum prices: FBR rejects proposal

Petroleum prices: FBR rejects proposal

The Federal Board of Revenue (FBR) has outrightly rejected a major proposal of a FBR Member to request the government to freeze the petroleum prices at current level to check any shortfall in sales tax collection during 2011-12 in case of further decrease
Published 13 Aug, 2011 12:00am
Petroleum prices: FBR rejects proposal

Petroleum prices: FBR rejects proposal

The Federal Board of Revenue (FBR) has outrightly rejected a major proposal of a FBR Member to request the government to freeze the petroleum prices at current level to check any shortfall in sales tax collection during 2011-12 in case of further decrease
Published 13 Aug, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Aug, 2011 12:00am
Petroleum prices: FBR rejects proposal

Petroleum prices: FBR rejects proposal

The Federal Board of Revenue (FBR) has outrightly rejected a major proposal of a FBR Member to request the government to freeze the petroleum prices at current level to check any shortfall in sales tax collection during 2011-12 in case of further decrease
Published 13 Aug, 2011 12:00am
Illegal input tax adjustment: FBR orders registration of FIRs

Illegal input tax adjustment: FBR orders registration of FIRs

Federal Board of Revenue (FBR) Chairman Salman Siddique has directed the field formations to register FIRs against the persons involved in claiming illegal input tax adjustment to evade tax. In this connection, the FBR on Friday issued instructions to the
Published 13 Aug, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 Aug, 2011 12:00am
Illegal input tax adjustment: FBR orders registration of FIRs

Illegal input tax adjustment: FBR orders registration of FIRs

Federal Board of Revenue (FBR) Chairman Salman Siddique has directed the field formations to register FIRs against the persons involved in claiming illegal input tax adjustment to evade tax. In this connection, the FBR on Friday issued instructions to the
Published 13 Aug, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Aug, 2011 12:00am
Illegal input tax adjustment: FBR orders registration of FIRs

Illegal input tax adjustment: FBR orders registration of FIRs

Federal Board of Revenue (FBR) Chairman Salman Siddique has directed the field formations to register FIRs against the persons involved in claiming illegal input tax adjustment to evade tax. In this connection, the FBR on Friday issued instructions to the
Published 13 Aug, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Aug, 2011 12:00am
ISE down 1.38 points

ISE down 1.38 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 1.38 points, as the Index moved from 2,419.88 to 2,418.50 points.
Published 13 Aug, 2011 12:00am
ISE down 1.38 points

ISE down 1.38 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 1.38 points, as the Index moved from 2,419.88 to 2,418.50 points.
Published 13 Aug, 2011 12:00am
Quetta rocket attacks: security personnel killed, three injured

Quetta rocket attacks: security personnel killed, three injured

Unidentified armed men fired six rockets which landed in cantonment and suburb of the provincial capital on Friday night, killing one security personnel and injuring three others. "Unknown armed men fired six rockets from unknown destination, which landed
Published 13 Aug, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (August 12, 2011).

Published 13 Aug, 2011 12:00am
Quetta rocket attacks: security personnel killed, three injured

Quetta rocket attacks: security personnel killed, three injured

Unidentified armed men fired six rockets which landed in cantonment and suburb of the provincial capital on Friday night, killing one security personnel and injuring three others. "Unknown armed men fired six rockets from unknown destination, which landed
Published 13 Aug, 2011 12:00am
Nigerian extradited to US over $31 million scam

Nigerian extradited to US over $31 million scam

A Nigerian man who fled to his homeland after being accused of defrauding dozens of lawyers and law firms of more than $31 million dollars has been extradited to the US, Nigeria's anti-graft agency said Friday. Emmanuel Ekhator was arrested in Nigeria's B
Published 13 Aug, 2011 12:00am
Monsoon deluge kills 28 in Sindh

Monsoon deluge kills 28 in Sindh

Devastating rains killed at least 28 people overnight, destroying crops and houses in the flood-prone Sindh, a government official said Friday. "At least 21 people died, most of them because of falling roofs during rains on Thursday night," said Sajjad Ha
Published 13 Aug, 2011 12:00am
Monsoon deluge kills 28 in Sindh

Monsoon deluge kills 28 in Sindh

Devastating rains killed at least 28 people overnight, destroying crops and houses in the flood-prone Sindh, a government official said Friday. "At least 21 people died, most of them because of falling roofs during rains on Thursday night," said Sajjad Ha
Published 13 Aug, 2011 12:00am
'Payments to Taliban': US confronted Italy: WikiLeaks

'Payments to Taliban': US confronted Italy: WikiLeaks

Diplomatic cables showed the United States confronted Italy about claims it paid Taliban not to attack its troops in Afghanistan, noting it suffered fewer casualties than other forces, media reported Friday. Italy has already denied claims that it paid pr
Published 13 Aug, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee was down against dollar on the currency market on Friday due to higher demand for the greenback, dealers said. The rupee lost 11 paisa versus the US currency for buying at 86.46 and shed 10 paisa for selling at 86.50, they said.
Published 13 Aug, 2011 12:00am
'Payments to Taliban': US confronted Italy: WikiLeaks

'Payments to Taliban': US confronted Italy: WikiLeaks

Diplomatic cables showed the United States confronted Italy about claims it paid Taliban not to attack its troops in Afghanistan, noting it suffered fewer casualties than other forces, media reported Friday. Italy has already denied claims that it paid pr
Published 13 Aug, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee was down against dollar on the currency market on Friday due to higher demand for the greenback, dealers said. The rupee lost 11 paisa versus the US currency for buying at 86.46 and shed 10 paisa for selling at 86.50, they said.
Published 13 Aug, 2011 12:00am
London rioters: Cameron backs eviction

London rioters: Cameron backs eviction

British Prime Minister David Cameron backed a call Friday to withdraw welfare benefits from rioters, as a London council became the first to begin evicting a tenant whose son faced unrest charges. Cameron said that people who "loot and pillage their own c
Published 13 Aug, 2011 12:00am
London rioters: Cameron backs eviction

London rioters: Cameron backs eviction

British Prime Minister David Cameron backed a call Friday to withdraw welfare benefits from rioters, as a London council became the first to begin evicting a tenant whose son faced unrest charges. Cameron said that people who "loot and pillage their own c
Published 13 Aug, 2011 12:00am
US defends aid as Egypt probes NGO foreign funding

US defends aid as Egypt probes NGO foreign funding

The US embassy in Cairo issued a strongly-worded defence of its aid to Egypt as prosecutors probed foreign funding of civil society groups amid signs of tensions between Washington and Egypt's ruling generals. The State Security prosecution, which used to
Published 13 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 12, 2011).

Published 13 Aug, 2011 12:00am
US defends aid as Egypt probes NGO foreign funding

US defends aid as Egypt probes NGO foreign funding

The US embassy in Cairo issued a strongly-worded defence of its aid to Egypt as prosecutors probed foreign funding of civil society groups amid signs of tensions between Washington and Egypt's ruling generals. The State Security prosecution, which used to
Published 13 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 12, 2011).

Published 13 Aug, 2011 12:00am
US appeals court rules against Obama healthcare law

US appeals court rules against Obama healthcare law

A US appeals court ruled on Friday that President Barack Obama's healthcare law requiring Americans to buy healthcare insurance or face a penalty was unconstitutional, a blow to the White House. The US Appeals Court for the 11th Circuit, based in Atlanta,
Published 13 Aug, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (August 12, 2011).

Published 13 Aug, 2011 12:00am
Former Nasdaq official gets jail for insider trading

Former Nasdaq official gets jail for insider trading

A former Nasdaq managing director was sentenced Friday to 42 months in prison for insider trading, the Justice Department said. Donald Johnson pleaded guilty in May to one count of securities fraud, admitting he used inside information obtained through hi
Published 13 Aug, 2011 12:00am
Former Nasdaq official gets jail for insider trading

Former Nasdaq official gets jail for insider trading

A former Nasdaq managing director was sentenced Friday to 42 months in prison for insider trading, the Justice Department said. Donald Johnson pleaded guilty in May to one count of securities fraud, admitting he used inside information obtained through hi
Published 13 Aug, 2011 12:00am
Former Nasdaq official gets jail for insider trading

Former Nasdaq official gets jail for insider trading

A former Nasdaq managing director was sentenced Friday to 42 months in prison for insider trading, the Justice Department said. Donald Johnson pleaded guilty in May to one count of securities fraud, admitting he used inside information obtained through hi
Published 13 Aug, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (August 12, 2011) and for Saturday (August 13, 2011).
Published 13 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (August 12, 2011).

Published 13 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 09, 2011.

Published 13 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 09, 2011.

Published 13 Aug, 2011 12:00am
Kayani inaugurates mineral development project in Zhob

Kayani inaugurates mineral development project in Zhob

Chief of Army Staff, General Ashfaq Parvez Kayani inaugurated Musakhel Minerals Development Project in Zhob district of Balochistan province on Friday. Addressing on the occasion, he said that peace and unity were the key elements to take benefits of natu
Published 13 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 09, 2011.

Published 13 Aug, 2011 12:00am
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