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Archive - 2011-08-16
Home Depot Inc raises profit
Financial

Home Depot Inc raises profit

NEW YORK: Home Depot Inc raised its fiscal-year profit forecast for the second time in three months as timely promotions
Published 16 Aug, 2011 05:50pm
LSE gains 5.73 points
Markets

LSE gains 5.73 points

LAHORE : Lahore Stock Exchange gained 5.73 points on Tuesday as LSE-25 index opened with 2808.79 and closed at 2814.52
Published 16 Aug, 2011 03:17pm
ISE-10 witnesses bullish trend
Markets

ISE-10 witnesses bullish trend

ISLAMABAD: The Islamabad Stock Exchange (ISE-10) witnessed bullish trend here on Tuesday, the index closed at 2,444.75 a
Published 16 Aug, 2011 03:08pm
Air Chief calls on President Zardari
Top News

Air Chief calls on President Zardari

ISLAMABAD: Chief of the Air Staff, Air Chief Marshal Rao Qamar Suleman called on President Asif Ali Zardari at the Aiwan
Published 16 Aug, 2011 03:01pm
Fitch affirms US at AAA, outlook stable
Top News

Fitch affirms US at AAA, outlook stable

NEW YORK : Fitch Ratings said on Tuesday it affirmed the United States ' top-notch credit rating at AAA, giving the wor
Published 16 Aug, 2011 01:59pm
Tharanga ton boosts Sri Lanka
Cricket

Tharanga ton boosts Sri Lanka

HAMBANTOTA: Upul Tharanga smashed a century to help Sri Lanka post a challenging 286-9 against Australia in the th
Published 16 Aug, 2011 01:34pm
Export of services up by 4.3 percent
Top News

Export of services up by 4.3 percent

ISLAMABAD : Export of services from the country during the fiscal year (2010-11) witnessed increase of 4.3 percent as co
Published 16 Aug, 2011 01:19pm
Wateen seeks KSE's extension
Markets

Wateen seeks KSE's extension

KARACHI: Wateen Telecom Limited has requested Karachi Stock Exchange (Guarantee) Limited to grant an extension upto end
Published 16 Aug, 2011 12:37pm
KCCI urges FBR to discuss new tax regime
Top News

KCCI urges FBR to discuss new tax regime

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has urged the Federal Board of Revenue to take stakeholders
Published 16 Aug, 2011 09:24am
Milan stocks drop over 2pc
Financial

Milan stocks drop over 2pc

MILAN: Shares on the Milan stock exchange extended their losses in mid-morning trading on Tuesday, dropping 2.48 perce
Published 16 Aug, 2011 08:34am
French stocks extend losses
Financial

French stocks extend losses

PARIS : Shares on the Paris stock exchange extended their losses to below two percent following worse-than-expected Germ
Published 16 Aug, 2011 08:27am
CNG station closed
Industries & Sectors

CNG station closed

LAHORE: All CNG filling stations of five regions of Punjab remained closed on Tuesday to observe second weekly holiday.
Published 16 Aug, 2011 08:17am
Romania GDP growth slows down in Q2
Top News

Romania GDP growth slows down in Q2

BUCHAREST : Romania's economic growth slowed to 1.4 percent on the year in the second quarter after a 1.7 percent gr
Published 16 Aug, 2011 07:53am
South Korea shares up 3.96pc
Financial

South Korea shares up 3.96pc

SEOUL : South Korean shares soared 3.96 percent in morning trade on Tuesday after a Wall Street rally overnight boosted
Published 16 Aug, 2011 04:44am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (August 15, 2011).

Published 16 Aug, 2011 12:00am
Resolution of circular debt issue: SBP offers all help to banks

Resolution of circular debt issue: SBP offers all help to banks

The State Bank of Pakistan has announced that it will facilitate banks in case they require any regulatory support towards early resolution of the circular debt issue. Presiding over a meeting of the Chief Executives of banks at SBP here for resolving the
Published 16 Aug, 2011 12:00am
SBP to issue Rs 100 billion fresh currency notes

SBP to issue Rs 100 billion fresh currency notes

The State Bank of Pakistan will issue new currency notes worth approximately Rs 100 billion during Ramazan to facilitate the general public. Sources said the SBP Banking Services Corporation (SBP BSC) has made extraordinary arrangements for the supply of
Published 16 Aug, 2011 12:00am
SBP to issue Rs 100 billion fresh currency notes

SBP to issue Rs 100 billion fresh currency notes

The State Bank of Pakistan will issue new currency notes worth approximately Rs 100 billion during Ramazan to facilitate the general public. Sources said the SBP Banking Services Corporation (SBP BSC) has made extraordinary arrangements for the supply of
Published 16 Aug, 2011 12:00am
SBP to issue Rs 100 billion fresh currency notes

SBP to issue Rs 100 billion fresh currency notes

The State Bank of Pakistan will issue new currency notes worth approximately Rs 100 billion during Ramazan to facilitate the general public. Sources said the SBP Banking Services Corporation (SBP BSC) has made extraordinary arrangements for the supply of
Published 16 Aug, 2011 12:00am
Sindh to get Rs 604 million in sales tax on services

Sindh to get Rs 604 million in sales tax on services

For the first time in the history, Sindh would get Rs 604 million directly in the head of sales tax on services (SToS) of July 2011, within next couple of days, while Rs 240m out of Rs 604m have been deposited in kitty of Sindh Government within short per
Published 16 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 15, 2011).
Published 16 Aug, 2011 12:00am
Sindh to get Rs 604 million in sales tax on services

Sindh to get Rs 604 million in sales tax on services

For the first time in the history, Sindh would get Rs 604 million directly in the head of sales tax on services (SToS) of July 2011, within next couple of days, while Rs 240m out of Rs 604m have been deposited in kitty of Sindh Government within short per
Published 16 Aug, 2011 12:00am
Sindh to get Rs 604 million in sales tax on services

Sindh to get Rs 604 million in sales tax on services

For the first time in the history, Sindh would get Rs 604 million directly in the head of sales tax on services (SToS) of July 2011, within next couple of days, while Rs 240m out of Rs 604m have been deposited in kitty of Sindh Government within short per
Published 16 Aug, 2011 12:00am
FBR surprised by tax profiles of corporate sector

FBR surprised by tax profiles of corporate sector

The tax profiles of the corporate sector have surprised the Federal Board of Revenue (FBR) following incomplete submission of information by the companies and big corporate entities in their income tax returns. Sources told Business Recorder here o
Published 16 Aug, 2011 12:00am
FBR surprised by tax profiles of corporate sector

FBR surprised by tax profiles of corporate sector

The tax profiles of the corporate sector have surprised the Federal Board of Revenue (FBR) following incomplete submission of information by the companies and big corporate entities in their income tax returns. Sources told Business Recorder here o
Published 16 Aug, 2011 12:00am
FBR surprised by tax profiles of corporate sector

FBR surprised by tax profiles of corporate sector

The tax profiles of the corporate sector have surprised the Federal Board of Revenue (FBR) following incomplete submission of information by the companies and big corporate entities in their income tax returns. Sources told Business Recorder here o
Published 16 Aug, 2011 12:00am
Index sheds 95.94 points

Index sheds 95.94 points

The sentiment remained bearish on the Karachi share marker on Monday as the KSE-100 index declined by 95.94 points to close at 11,166.10 points with extremely low volume. After slightly positive opening the index hit 11,291.46 points intra-day high level,
Published 16 Aug, 2011 12:00am
Index sheds 95.94 points

Index sheds 95.94 points

The sentiment remained bearish on the Karachi share marker on Monday as the KSE-100 index declined by 95.94 points to close at 11,166.10 points with extremely low volume. After slightly positive opening the index hit 11,291.46 points intra-day high level,
Published 16 Aug, 2011 12:00am
Index sheds 95.94 points

Index sheds 95.94 points

The sentiment remained bearish on the Karachi share marker on Monday as the KSE-100 index declined by 95.94 points to close at 11,166.10 points with extremely low volume. After slightly positive opening the index hit 11,291.46 points intra-day high level,
Published 16 Aug, 2011 12:00am
BRIndex30 down 93.15 points

BRIndex30 down 93.15 points

On Monday, the BRIndex30 opened at 8,151.41 points and remained in negative for most of the trading session, except for the first few minutes after market opening. It touched the intra-day high of 8,179.58 points and low of 8,047.33 points, and closed at
Published 16 Aug, 2011 12:00am
BRIndex30 down 93.15 points

BRIndex30 down 93.15 points

On Monday, the BRIndex30 opened at 8,151.41 points and remained in negative for most of the trading session, except for the first few minutes after market opening. It touched the intra-day high of 8,179.58 points and low of 8,047.33 points, and closed at
Published 16 Aug, 2011 12:00am
Trial starts over mammoth emissions trading tax 'fraud'

Trial starts over mammoth emissions trading tax 'fraud'

Six business executives went on trial here Monday accused of illegally claiming hundreds of millions of euros (dollars) in tax refunds in a scheme linked to carbon emissions trading. In one of Germany's biggest fraud cases the defendants, aged 27 to 65 fr
Published 16 Aug, 2011 12:00am
Trial starts over mammoth emissions trading tax 'fraud'

Trial starts over mammoth emissions trading tax 'fraud'

Six business executives went on trial here Monday accused of illegally claiming hundreds of millions of euros (dollars) in tax refunds in a scheme linked to carbon emissions trading. In one of Germany's biggest fraud cases the defendants, aged 27 to 65 fr
Published 16 Aug, 2011 12:00am
Trial starts over mammoth emissions trading tax ''fraud''

Trial starts over mammoth emissions trading tax ''fraud''

Six business executives went on trial here Monday accused of illegally claiming hundreds of millions of euros (dollars) in tax refunds in a scheme linked to carbon emissions trading. In one of Germany''s biggest fraud cases the defendants, aged 27 to 65 f
Published 16 Aug, 2011 12:00am
Pakistan rated B negative

Pakistan rated B negative

Pakistan is considered a higher risk country in the region in terms of ability to meet its financial commitments, both domestic and international, and is rated as not being viable for investment. Pakistan has been rated by Standard & Poor's (S&P) as B- (n
Published 16 Aug, 2011 12:00am
Pakistan rated B negative

Pakistan rated B negative

Pakistan is considered a higher risk country in the region in terms of ability to meet its financial commitments, both domestic and international, and is rated as not being viable for investment. Pakistan has been rated by Standard & Poor's (S&P) as B- (n
Published 16 Aug, 2011 12:00am
Pakistan rated B negative

Pakistan rated B negative

Pakistan is considered a higher risk country in the region in terms of ability to meet its financial commitments, both domestic and international, and is rated as not being viable for investment. Pakistan has been rated by Standard & Poor''s (S&P) as B- (
Published 16 Aug, 2011 12:00am
61 percent fall in July foreign investment

61 percent fall in July foreign investment

Foreign investment in the country declined by 61 percent during the first month of fiscal year 2011-12 because of adverse law and order situation and uncertainty on the economic front. The State Bank of Pakistan on Monday reported that net inflows of fore
Published 16 Aug, 2011 12:00am
THE RUPEE: dollar sharply up

THE RUPEE: dollar sharply up

The rupee was unmoved versus dollar on the interbank market, while it failed to retain its level in relation to the greenback on the open market, dealers said. The rupee maintained its weekend level in terms of the greenback for buying and selling at 86.6
Published 16 Aug, 2011 12:00am
Obama''s approval rating hits record low

Obama''s approval rating hits record low

US President Barack Obama''s job approval rating has sunk below 40 percent for the first time, according to a new Gallup daily tracking poll The survey, made public late Sunday, shows that 39 percent of Americans approve of the president''s job performanc
Published 16 Aug, 2011 12:00am
Obama's approval rating hits record low

Obama's approval rating hits record low

US President Barack Obama's job approval rating has sunk below 40 percent for the first time, according to a new Gallup daily tracking poll The survey, made public late Sunday, shows that 39 percent of Americans approve of the president's job performance,
Published 16 Aug, 2011 12:00am
Obama's approval rating hits record low

Obama's approval rating hits record low

US President Barack Obama's job approval rating has sunk below 40 percent for the first time, according to a new Gallup daily tracking poll The survey, made public late Sunday, shows that 39 percent of Americans approve of the president's job performance,
Published 16 Aug, 2011 12:00am
67 killed in Iraq's bloodiest day this year

67 killed in Iraq's bloodiest day this year

Attacks in more than a dozen cities across Iraq killed 67 people on Monday, including 40 in twin blasts blamed on al Qaeda in the southern city of Kut, in the country's bloodiest day in more than a year. The surge of violence raises questions over the cap
Published 16 Aug, 2011 12:00am
67 killed in Iraq's bloodiest day this year

67 killed in Iraq's bloodiest day this year

Attacks in more than a dozen cities across Iraq killed 67 people on Monday, including 40 in twin blasts blamed on al Qaeda in the southern city of Kut, in the country's bloodiest day in more than a year. The surge of violence raises questions over the cap
Published 16 Aug, 2011 12:00am
Taliban blame US economy, London riots on Afghan war

Taliban blame US economy, London riots on Afghan war

The Taliban blamed the state of the US economy and last week's London riots on the war in Afghanistan in a statement published on its website Monday. The insurgents claimed both situations were linked to the US and Britain spending hundreds of billions of
Published 16 Aug, 2011 12:00am
Taliban blame US economy, London riots on Afghan war

Taliban blame US economy, London riots on Afghan war

The Taliban blamed the state of the US economy and last week's London riots on the war in Afghanistan in a statement published on its website Monday. The insurgents claimed both situations were linked to the US and Britain spending hundreds of billions of
Published 16 Aug, 2011 12:00am
US banks continue to ease lending standards: Fed

US banks continue to ease lending standards: Fed

US banks continue to ease lending standards and most terms on all major non-real estate loans during the past three months, the Federal Reserve reported in its quarterly survey of senior loan officers. Some respondents also saw an increase in demand for c
Published 16 Aug, 2011 12:00am
US banks continue to ease lending standards: Fed

US banks continue to ease lending standards: Fed

US banks continue to ease lending standards and most terms on all major non-real estate loans during the past three months, the Federal Reserve reported in its quarterly survey of senior loan officers. Some respondents also saw an increase in demand for c
Published 16 Aug, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Aug, 2011 12:00am
US banks continue to ease lending standards: Fed

US banks continue to ease lending standards: Fed

US banks continue to ease lending standards and most terms on all major non-real estate loans during the past three months, the Federal Reserve reported in its quarterly survey of senior loan officers. Some respondents also saw an increase in demand for c
Published 16 Aug, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Aug, 2011 12:00am
Kashmiris observe Indian Independence Day as Black Day

Kashmiris observe Indian Independence Day as Black Day

Kashmiris on both sides of the Line of Control and the world over are observing the Indian Independence Day on Monday as Black Day to convey the message to New Delhi that it has no moral justification to celebrate its Independence Day as long as it contin
Published 16 Aug, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 16 Aug, 2011 12:00am
Kashmiris observe Indian Independence Day as Black Day

Kashmiris observe Indian Independence Day as Black Day

Kashmiris on both sides of the Line of Control and the world over are observing the Indian Independence Day on Monday as Black Day to convey the message to New Delhi that it has no moral justification to celebrate its Independence Day as long as it contin
Published 16 Aug, 2011 12:00am
61 percent fall in July foreign investment

61 percent fall in July foreign investment

Foreign investment in the country declined by 61 percent during the first month of fiscal year 2011-12 because of adverse law and order situation and uncertainty on the economic front. The State Bank of Pakistan on Monday reported that net inflows of fore
Published 16 Aug, 2011 12:00am
61 percent fall in July foreign investment

61 percent fall in July foreign investment

Foreign investment in the country declined by 61 percent during the first month of fiscal year 2011-12 because of adverse law and order situation and uncertainty on the economic front. The State Bank of Pakistan on Monday reported that net inflows of fore
Published 16 Aug, 2011 12:00am
Four abandoned oil storage depots to be reopened

Four abandoned oil storage depots to be reopened

The government has decided to re-open four oil storage depots of Pakistan State Oil (PSO) in Punjab which were abandoned subsequent to a decision taken by the Economic Co-ordination Committee (ECC) of the Cabinet in July 2008, documents available with thi
Published 16 Aug, 2011 12:00am
Four abandoned oil storage depots to be reopened

Four abandoned oil storage depots to be reopened

The government has decided to re-open four oil storage depots of Pakistan State Oil (PSO) in Punjab which were abandoned subsequent to a decision taken by the Economic Co-ordination Committee (ECC) of the Cabinet in July 2008, documents available with thi
Published 16 Aug, 2011 12:00am
Four abandoned oil storage depots to be reopened

Four abandoned oil storage depots to be reopened

The government has decided to re-open four oil storage depots of Pakistan State Oil (PSO) in Punjab which were abandoned subsequent to a decision taken by the Economic Co-ordination Committee (ECC) of the Cabinet in July 2008, documents available with thi
Published 16 Aug, 2011 12:00am
Polish family killed in 'shocking' Jersey attack

Polish family killed in 'shocking' Jersey attack

The normally peaceful Channel Island of Jersey was in shock on Monday after six people, including members of a Polish family, were stabbed to death, the island's top politician said. A man, two women and three children under the age of six were killed on
Published 16 Aug, 2011 12:00am
Nine Nato tankers set ablaze

Nine Nato tankers set ablaze

Nine Nato oil supply tankers and a goods truck were set ablaze in attacks on Monday, officials said. A bomb exploded as two Nato oil tankers were entering a terminal in Torkham, a Pakistani tribal town bordering Afghanistan, and the flames also set three
Published 16 Aug, 2011 12:00am
Bears in control on ISE

Bears in control on ISE

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 0.31 points from 2,418.50 to 2418.19 points. Turnover amounted to 3,600 shares as compared to
Published 16 Aug, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Aug, 2011 12:00am
Nine Nato tankers set ablaze

Nine Nato tankers set ablaze

Nine Nato oil supply tankers and a goods truck were set ablaze in attacks on Monday, officials said. A bomb exploded as two Nato oil tankers were entering a terminal in Torkham, a Pakistani tribal town bordering Afghanistan, and the flames also set three
Published 16 Aug, 2011 12:00am
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