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Archive - 2011-08-27
Rebels capture last army base in Tripoli
Top News

Rebels capture last army base in Tripoli

TRIPOLI : Libyan rebels on Saturday captured the last military base held by forces loyal to strongman Moamer Kadhafi in
Published 27 Aug, 2011 06:43pm
Chief Ministers meet Gilani
Pakistan

Chief Ministers meet Gilani

ISLAMAAD: Chief Minister Punjab Mian Shahbaz Sharif, Chief Minister Sindh Syed Qaim Ali Shah, Chief Minister Khyber Pakh
Published 27 Aug, 2011 12:18pm
CJP administers oath to new AGP
Top News

CJP administers oath to new AGP

ISLAMABAD : Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Saturday administered oath of office to Muhammad A
Published 27 Aug, 2011 11:23am
Cross-border Taliban attack kills three
Top News

Cross-border Taliban attack kills three

CHITRAL: Over 50 Taliban militants armed with mortars attacked a checkpost on the Afghan border Saturday, killing three
Published 27 Aug, 2011 08:32am
Obama returns home early due to Irene
Top News

Obama returns home early due to Irene

WASHINGTON : US President Barack Obama returned here late Friday after cutting short his vacation to deal with Hurricane
Published 27 Aug, 2011 03:44am
Singapore votes for new president
Asia

Singapore votes for new president

SINGAPORE: Singaporeans voted Saturday in the city-state's first contested presidential election in 18 years following
Published 27 Aug, 2011 03:40am
Swiss franc ticks higher

Swiss franc ticks higher

The Swiss franc gained ground on a softening dollar and edged higher against the euro on Friday as markets awaited a speech from US Federal Reserve Chairman Ben Bernanke for signs of further measures to bolster the struggling US economy. The franc rose 0.
Published 27 Aug, 2011 12:00am
Dollar gains broadly

Dollar gains broadly

The dollar rose on Thursday and stocks slumped as investors shied away from risky trades amid speculation that Federal Reserve chief Ben Bernanke will not hint at new plans to stimulate the economy this week. Talk that Germany might follow other European
Published 27 Aug, 2011 12:00am
Early trade in New York: dollar gives up gains

Early trade in New York: dollar gives up gains

The dollar fell against the euro and yen on Friday, erasing earlier gains after Federal Reserve Chairman Ben Bernanke said the central bank can do more to boost growth but offered no details on how it might act. But the greenback soared against the Swiss
Published 27 Aug, 2011 12:00am
Dollar eases in London

Dollar eases in London

The dollar eased on Friday in a paring of long positions before a much anticipated speech from the head of the Federal Reserve, with some expecting the greenback to bounce if he does not signal a chance of further monetary stimulus. The euro edged up 0.4
Published 27 Aug, 2011 12:00am
Dollar slips versus yen in Asia

Dollar slips versus yen in Asia

The dollar came off a two-week high against the yen on Friday, weighed down by the euro's gains on political progress in Spain, but was seen likely to recoup losses and firm further on views the Federal Reserve will not signal strong economic stimulus. Th
Published 27 Aug, 2011 12:00am
Benchmark funding rates up

Benchmark funding rates up

Benchmark borrowing costs for eurozone banks pushed higher on Friday as lenders, particularly of dollars, remained reluctant to provide any but the shortest maturity funds on fears over borrowers' exposure to eurozone sovereign debt. Implementation risk o
Published 27 Aug, 2011 12:00am
Weak banks drags FTSE into red

Weak banks drags FTSE into red

Britain's top shares ended just in the red on Friday, with banks weaker after Federal Reserve Chairman Ben Bernanke stopped short of signalling more action to boost US growth, disappointing those betting on fresh stimulus. The FTSE 100 closed down 1.18 po
Published 27 Aug, 2011 12:00am
European shares lower

European shares lower

European shares ended lower on Friday after US Fed Chairman Ben Bernanke announced no fresh measures to boost sluggish growth in the world's largest economy, although they managed to eke out a small weekly gain and snap a four-week losing streak. After a
Published 27 Aug, 2011 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks ended up 0.46 percent on Friday, led by electronics and chip issues, though Acer fell for a second session as investors fretted about prospects for the computer maker's recovery. The TAIEX index rose 34.23 points to 7,445.10 after opening up
Published 27 Aug, 2011 12:00am
Indian shares slide to near 19-month-low

Indian shares slide to near 19-month-low

Indian shares slid to a near 19-month low on Friday in nervous trade prompted by concerns that the central bank could raise interest rates further and uncertainty about global economic growth. The benchmark 30-share Sensex on the Bombay Stock Exchange clo
Published 27 Aug, 2011 12:00am
Nikkei ticks up

Nikkei ticks up

Japan's Nikkei average ticked up on bargain-hunting on Friday and marked its first weekly gain in five weeks, with investors awaiting a speech from Federal Reserve Chairman Ben Bernanke for clues on what steps the US central bank will take to support the
Published 27 Aug, 2011 12:00am
Hong Kong, Chinese shares post weekly gains

Hong Kong, Chinese shares post weekly gains

Hong Kong shares snapped a four-week losing streak as earnings-driven gains provided some respite with markets struggling to recover from steep losses earlier this month that has knocked 12 percent off the Hang Seng benchmark in August to date.
Published 27 Aug, 2011 12:00am
Treasuries move up

Treasuries move up

US Treasury debt prices rose on Thursday as dwindling expectations of an economic fix from Federal Reserve Chief Ben Bernanke put the focus back on the country's weak growth outlook and worries over the European debt crisis. A Wall Street stocks selloff a
Published 27 Aug, 2011 12:00am
Treasuries move up

Treasuries move up

US Treasury debt prices rose on Thursday as dwindling expectations of an economic fix from Federal Reserve Chief Ben Bernanke put the focus back on the country's weak growth outlook and worries over the European debt crisis. A Wall Street stocks selloff a
Published 27 Aug, 2011 12:00am
Tense US market falls ahead of Bernanke

Tense US market falls ahead of Bernanke

US stocks fell on Thursday as investors raised cash ahead of a critical speech from Fed Chairman Ben Bernanke, hoping he will give them a clearer picture of the Fed's plans for the struggling economy. Several negatives contributed to the market's weakness
Published 27 Aug, 2011 12:00am
Seoul shares jump

Seoul shares jump

Seoul shares logged on Friday their first weekly gain after four consecutive week of losses, rising 0.8 percent on the day, with institutions buying battered heavyweights. The Korea Composite Stock Price Index (KOSPI) was up 0.81 percent to 1,778.95 point
Published 27 Aug, 2011 12:00am
Most Southeast Asian stocks fall

Most Southeast Asian stocks fall

Most Southeast Asian stock markets fell in light volume on Friday as investors cut exposure to risky assets, causing a drop in blue chip shares and a rise in outflows of global capital. Volume was thin ahead of long holidays next week and as investors wai
Published 27 Aug, 2011 12:00am
US growth slows in second quarter, outlook less dismal

US growth slows in second quarter, outlook less dismal

The struggling US economy expanded even more slowly than previously thought in the second quarter of 2011, but a breakdown of the growth suggested a new recession could be avoided. Gross domestic product rose at an annual rate of 1 percent, the Commerce D
Published 27 Aug, 2011 12:00am
UBS may charge fee on cash-clearing accounts

UBS may charge fee on cash-clearing accounts

Swiss bank UBS said on Friday client banks might be charged a fee on accounts they use to clear transactions in francs if inflows continue as the central bank's policy of flooding the market with francs feeds through to margins. "Should we see a continuat
Published 27 Aug, 2011 12:00am
Market sentiment weakened before US downgrade: S&P

Market sentiment weakened before US downgrade: S&P

The top official behind Standard & Poor's downgrade of the United States said on Friday it was not to blame for August's stock market rout, and warned that developed nations still needed to "get their act together" to tackle their mountains of debt. S&P c
Published 27 Aug, 2011 12:00am
Japan's CPI rises slightly

Japan's CPI rises slightly

Japan's core consumer prices rose slightly in the year to July, mostly on increases in energy costs, but analysts say an end to the country's long battle with deflation remains far off due to stagnant consumption. Prolonged deflation is adding to strains
Published 27 Aug, 2011 12:00am
Private investors asked to help poor UK families

Private investors asked to help poor UK families

Private investors are being asked to help some of the country's most deprived families escape the poverty trap, potentially saving the taxpayer millions and earning themselves a profit. Ministers want philanthropists, charities and other help groups to bu
Published 27 Aug, 2011 12:00am
UK outlook gloomy after meagre second quarter growth

UK outlook gloomy after meagre second quarter growth

Britain's economy looks unlikely to pick up speed from the meagre growth rate of the second quarter as worried consumers cut back on spending and the global outlook turns gloomier. With the government's hands tied by tough austerity measures aimed at eras
Published 27 Aug, 2011 12:00am
China, France agree to discuss yuan flexibility

China, France agree to discuss yuan flexibility

France and China have agreed to discuss how to work toward easing Beijing's controversial currency controls and making its yuan freely traded, the French finance minister said Friday. The two governments agreed during a visit this week by President Nicola
Published 27 Aug, 2011 12:00am
ABN Amro cuts nine percent of workforce in run-up to sale

ABN Amro cuts nine percent of workforce in run-up to sale

Nationalised Dutch bank ABN Amro is shedding 2,350 jobs - some 9 percent of its workforce - as the state readies it for a return to private hands. The bank said it expected 1,500 redundancies and 850 positions to be lost through natural attrition in the n
Published 27 Aug, 2011 12:00am
Boehner asks Obama to disclose costly US regulations

Boehner asks Obama to disclose costly US regulations

With a battle looming over US regulations on businesses, the top Republican in Congress asked President Barack Obama on Friday to identify all proposed rules with a projected economic impact of at least $1 billion. House of Representatives Speaker John Bo
Published 27 Aug, 2011 12:00am
Anglo Irish Bank narrows record loss

Anglo Irish Bank narrows record loss

State-rescued Anglo Irish Bank said Friday that its pre-tax losses narrowed to 101 million euros ($146 million) in the first half after an Irish corporate record loss of 8.2 billion euros a year earlier. The 2010 figure included huge losses on toxic loans
Published 27 Aug, 2011 12:00am
Frontline plunges to loss amid tanker glut

Frontline plunges to loss amid tanker glut

Frontline Ltd, the world's largest independent oil shipper, swung to a second-quarter loss and saw its stock fall to a nine-year low on Friday amid a global tanker glut it said could last through 2012. The Oslo-listed company said it lost $1 million befor
Published 27 Aug, 2011 12:00am
Spain to set deficit limit as growth slows

Spain to set deficit limit as growth slows

Spain reached political consensus on Friday to set constitutional limits on its public deficit and debt, though there were few signs the accord would persuade markets Madrid can manage its finances as growth slows. The constitutional amendment agreed by t
Published 27 Aug, 2011 12:00am
Activity on cotton market slows down due to transportation problem

Activity on cotton market slows down due to transportation problem

Trading activity came down on the cotton market on Friday as traders were facing transportation problem ahead of Eid-ul-Fitr, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6000, they said. The prices of seedcott
Published 27 Aug, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 73,985 tonnes of cargo including 40,140 tonnes of import cargo, 33,845 tonnes of export cargo and 4,131 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 40,140 tonnes comprise
Published 27 Aug, 2011 12:00am
Indonesia to cap palm oil export tax at 22.5 percent

Indonesia to cap palm oil export tax at 22.5 percent

Indonesia, the world's top palm oil producer, will cap its export tax for the edible oil at 22.5 percent from 25 percent previously, a trade ministry official said on Thursday. The changes, which include setting the minimum for the export tax at 7.5 perce
Published 27 Aug, 2011 12:00am
Argentine farmers to sow more 2011-12 corn areas

Argentine farmers to sow more 2011-12 corn areas

Argentina's 2011-12 corn area is estimated at 3.5 million hectares, up 9 percent from the previous crop season, the Buenos Aires Grains Exchange said on Thursday in its first plantings forecast. The South American country is the world's No 2 corn exporter
Published 27 Aug, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures eased on Thursday in a directionless session marked by caution ahead of a key speech by US Federal Reserve Chairman Ben Bernanke on Friday. Canola underpinned by smaller-than-expected production estimate on Wednesday from Stati
Published 27 Aug, 2011 12:00am
Rates unchanged on grain market

Rates unchanged on grain market

Rates were unmoved on the wholesale grain and seed market on Friday as all participants were busy in preparations for offering Juma-tul-vida prayers.
Published 27 Aug, 2011 12:00am
The killing fields of Karachi

The killing fields of Karachi

The world is witnessing the horrible events occurring in Karachi for a significant length of time. Pakistan has already been declared as the most dangerous country of the world because of its unabating violent and terrorist incidents. Much has been said a
Published 27 Aug, 2011 12:00am
KARACHI CHRONICLE: City needs local government

KARACHI CHRONICLE: City needs local government

On the Tuesday that the MQM had called a shutdown of business in Karachi, a senior colleague rang me at home to ask if it was safe for him to drive down for his groceries and for lunch at the Karachi Press Club. His question reflected the state of mind of
Published 27 Aug, 2011 12:00am
LITERARY NOTES: Dr Agha Sohail's pen portraits

LITERARY NOTES: Dr Agha Sohail's pen portraits

Dr Agha Sohail's posthumous book "Paraganda Tabar Log", published a few weeks before, is a well-produced work of pen-portraits of 38 eminent writers - poets, critics, fiction writers and research scholars along with Agha Sohail's interviews with Maulana G
Published 27 Aug, 2011 12:00am
ART FACTS: Calligraphy - A venerated form of art

ART FACTS: Calligraphy - A venerated form of art

Calligraphy in the present age has become the most venerated form of Islamic art. And contemporary artists through their art creating a new heritage of calligraphy. The calligraphers work demands more perfection as there is no chance to make a mistake or
Published 27 Aug, 2011 12:00am
Glow this Eid with beautiful skin

Glow this Eid with beautiful skin

Shimmering, Spotless and Smooth skin is every woman's dream. A number of expansive skin care products are easily available in markets but just relying on these products cannot give you desirable results. More you take care of your skin more it gives you a
Published 27 Aug, 2011 12:00am
Baking delight

Baking delight

Baking is an art of correct measurements, proper mixing and knowledge of baking tools. With little concentration, you can master the art of baking and win the heart of your family and friends on Eid day. On this Eid surprise your visitors and family membe
Published 27 Aug, 2011 12:00am
BRIDGE NOTES: No, thank you

BRIDGE NOTES: No, thank you

In card play especially when winning tricks is the determining factor for victory or defeat it becomes a natural habit for the players to do that to which they have attuned themselves by force of habit.
Published 27 Aug, 2011 12:00am
New York cotton

New York cotton

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

Published 27 Aug, 2011 12:00am
New York cotton

New York cotton

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

Published 27 Aug, 2011 12:00am
Libyan rebels say 'close in' on Qadhafi

Libyan rebels say 'close in' on Qadhafi

Libyan rebels claimed to be close to capturing Muammar Qadhafi on Friday as their Nato backers bombed die-hard loyalists in his tribal bastion, but there was no sign of an end to the war, or to international wrangling over Libya's riches.
Published 27 Aug, 2011 12:00am
Libyan rebels say 'close in' on Qadhafi

Libyan rebels say 'close in' on Qadhafi

Libyan rebels claimed to be close to capturing Muammar Qadhafi on Friday as their Nato backers bombed die-hard loyalists in his tribal bastion, but there was no sign of an end to the war, or to international wrangling over Libya's riches.
Published 27 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 27 Aug, 2011 12:00am
Financial crunch: nine IPPs invoke sovereign guarantees

Financial crunch: nine IPPs invoke sovereign guarantees

Nine Independent Power Producers (IPPs) facing a severe financial crunch following non-payment of Rs 31 billion by state owned Central Power Purchasing Agency (CPPA) have invoked sovereign guarantees to avert closure and continue adding 1800 MW electricit
Published 27 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 27 Aug, 2011 12:00am
Financial crunch: nine IPPs invoke sovereign guarantees

Financial crunch: nine IPPs invoke sovereign guarantees

Nine Independent Power Producers (IPPs) facing a severe financial crunch following non-payment of Rs 31 billion by state owned Central Power Purchasing Agency (CPPA) have invoked sovereign guarantees to avert closure and continue adding 1800 MW electricit
Published 27 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 26, 2011).

Published 27 Aug, 2011 12:00am
Financial crunch: nine IPPs invoke sovereign guarantees

Financial crunch: nine IPPs invoke sovereign guarantees

Nine Independent Power Producers (IPPs) facing a severe financial crunch following non-payment of Rs 31 billion by state owned Central Power Purchasing Agency (CPPA) have invoked sovereign guarantees to avert closure and continue adding 1800 MW electricit
Published 27 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 26, 2011).

Published 27 Aug, 2011 12:00am
Dr Shamshad replaced by Inger at World Bank

Dr Shamshad replaced by Inger at World Bank

World Bank vice president for the Middle East and North Africa Dr Shamshad Akhtar (former governor State Bank of Pakistan) has been replaced by Inger Andersen, a former UN official and Arabic speaker, in a top management shuffle by World Bank President Ro
Published 27 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 26, 2011).

Published 27 Aug, 2011 12:00am
Dr Shamshad replaced by Inger at World Bank

Dr Shamshad replaced by Inger at World Bank

World Bank vice president for the Middle East and North Africa Dr Shamshad Akhtar (former governor State Bank of Pakistan) has been replaced by Inger Andersen, a former UN official and Arabic speaker, in a top management shuffle by World Bank President Ro
Published 27 Aug, 2011 12:00am
Dr Shamshad replaced by Inger at World Bank

Dr Shamshad replaced by Inger at World Bank

World Bank vice president for the Middle East and North Africa Dr Shamshad Akhtar (former governor State Bank of Pakistan) has been replaced by Inger Andersen, a former UN official and Arabic speaker, in a top management shuffle by World Bank President Ro
Published 27 Aug, 2011 12:00am
SBP issues fresh notes worth Rs 73 billion

SBP issues fresh notes worth Rs 73 billion

The State Bank of Pakistan has issued new currency notes worth Rs 73 billion during Ramazan to facilitate the general public on Eid-ul-Fitr. Sources in the banking sector told Business Recorder that following the rising demand for new currency note
Published 27 Aug, 2011 12:00am
SBP issues fresh notes worth Rs 73 billion

SBP issues fresh notes worth Rs 73 billion

The State Bank of Pakistan has issued new currency notes worth Rs 73 billion during Ramazan to facilitate the general public on Eid-ul-Fitr. Sources in the banking sector told Business Recorder that following the rising demand for new currency note
Published 27 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 26, 2011).

Published 27 Aug, 2011 12:00am
SBP issues fresh notes worth Rs 73 billion

SBP issues fresh notes worth Rs 73 billion

The State Bank of Pakistan has issued new currency notes worth Rs 73 billion during Ramazan to facilitate the general public on Eid-ul-Fitr. Sources in the banking sector told Business Recorder that following the rising demand for new currency note
Published 27 Aug, 2011 12:00am
Zardari seeks out-of-the-box Suggestions

Zardari seeks out-of-the-box Suggestions

President Asif Ali Zardari on Friday urged the business community to come forward with out-of-the-box proposals to the government to overcome economic challenges. He was talking to a delegation of Federation of Pakistan Chambers of Commerce and Industry (
Published 27 Aug, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (August 26, 2011).
Published 27 Aug, 2011 12:00am
Zardari seeks out-of-the-box Suggestions

Zardari seeks out-of-the-box Suggestions

President Asif Ali Zardari on Friday urged the business community to come forward with out-of-the-box proposals to the government to overcome economic challenges. He was talking to a delegation of Federation of Pakistan Chambers of Commerce and Industry (
Published 27 Aug, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (August 26, 2011).

Published 27 Aug, 2011 12:00am
Zardari seeks out-of-the-box Suggestions

Zardari seeks out-of-the-box Suggestions

President Asif Ali Zardari on Friday urged the business community to come forward with out-of-the-box proposals to the government to overcome economic challenges. He was talking to a delegation of Federation of Pakistan Chambers of Commerce and Industry (
Published 27 Aug, 2011 12:00am
Diamer Bhasha Dam project:? ADB asked to start process of financing

Diamer Bhasha Dam project:? ADB asked to start process of financing

President Asif Ali Zardari on Friday called upon Asian Development Bank (ADB) to start process of financing Diamer Bhasha Dam as the project has been approved at all internal fora of the country. The President said the project is useful as water storing r
Published 27 Aug, 2011 12:00am
Diamer Bhasha Dam project:? ADB asked to start process of financing

Diamer Bhasha Dam project:? ADB asked to start process of financing

President Asif Ali Zardari on Friday called upon Asian Development Bank (ADB) to start process of financing Diamer Bhasha Dam as the project has been approved at all internal fora of the country. The President said the project is useful as water storing r
Published 27 Aug, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (August 26, 2011).

Published 27 Aug, 2011 12:00am
Diamer Bhasha Dam project:? ADB asked to start process of financing

Diamer Bhasha Dam project:? ADB asked to start process of financing

President Asif Ali Zardari on Friday called upon Asian Development Bank (ADB) to start process of financing Diamer Bhasha Dam as the project has been approved at all internal fora of the country. The President said the project is useful as water storing r
Published 27 Aug, 2011 12:00am
Collecting Zakat: Sindh to raise issue in CCI today

Collecting Zakat: Sindh to raise issue in CCI today

Sindh Chief Minister Qaim Ali Shah would raise the issue of collection of Zakat in the meeting of the Council of Common Interests (CCI), being held in Islamabad on Saturday, August 27, sources told Business Recorder on Friday. Prime Minister Yousuf
Published 27 Aug, 2011 12:00am
Collecting Zakat: Sindh to raise issue in CCI today

Collecting Zakat: Sindh to raise issue in CCI today

Sindh Chief Minister Qaim Ali Shah would raise the issue of collection of Zakat in the meeting of the Council of Common Interests (CCI), being held in Islamabad on Saturday, August 27, sources told Business Recorder on Friday. Prime Minister Yousuf
Published 27 Aug, 2011 12:00am
Collecting Zakat: Sindh to raise issue in CCI today

Collecting Zakat: Sindh to raise issue in CCI today

Sindh Chief Minister Qaim Ali Shah would raise the issue of collection of Zakat in the meeting of the Council of Common Interests (CCI), being held in Islamabad on Saturday, August 27, sources told Business Recorder on Friday. Prime Minister Yousuf
Published 27 Aug, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (August 26, 2011).

Published 27 Aug, 2011 12:00am
Bernanke quiet on next Fed moves, stresses job crisis

Bernanke quiet on next Fed moves, stresses job crisis

Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the US recovery but said the central bank would consider what more it could do to fight high unemployment, giving some comfort to investors. Bernanke said t
Published 27 Aug, 2011 12:00am
Bernanke quiet on next Fed moves, stresses job crisis

Bernanke quiet on next Fed moves, stresses job crisis

Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the US recovery but said the central bank would consider what more it could do to fight high unemployment, giving some comfort to investors. Bernanke said t
Published 27 Aug, 2011 12:00am
Bernanke quiet on next Fed moves, stresses job crisis

Bernanke quiet on next Fed moves, stresses job crisis

Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the US recovery but said the central bank would consider what more it could do to fight high unemployment, giving some comfort to investors. Bernanke said t
Published 27 Aug, 2011 12:00am
US stocks gain, gold rises

US stocks gain, gold rises

Wall Street posted its first weekly gains in more than a month on Friday as Fed Chairman Ben Bernanke raised hopes for more stimulus for The economy at its September meeting. The Dow Jones industrial average was up 134.64 points, or 1.21 percent, at 11,28
Published 27 Aug, 2011 12:00am
US stocks gain, gold rises

US stocks gain, gold rises

Wall Street posted its first weekly gains in more than a month on Friday as Fed Chairman Ben Bernanke raised hopes for more stimulus for The economy at its September meeting. The Dow Jones industrial average was up 134.64 points, or 1.21 percent, at 11,28
Published 27 Aug, 2011 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

All-round declines were seen on the currency market on Friday in process of trading, dealers said. The rupee lost 13 paisa against dollar for buying at 86.90 and shed 12 paisa for selling at 86.95 due to strong demand, they said.
Published 27 Aug, 2011 12:00am
US stocks gain, gold rises

US stocks gain, gold rises

Wall Street posted its first weekly gains in more than a month on Friday as Fed Chairman Ben Bernanke raised hopes for more stimulus for The economy at its September meeting. The Dow Jones industrial average was up 134.64 points, or 1.21 percent, at 11,28
Published 27 Aug, 2011 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

All-round declines were seen on the currency market on Friday in process of trading, dealers said. The rupee lost 13 paisa against dollar for buying at 86.90 and shed 12 paisa for selling at 86.95 due to strong demand, they said.
Published 27 Aug, 2011 12:00am
Oil ministry portrays local producers as 'mafia' against LPG import

Oil ministry portrays local producers as 'mafia' against LPG import

The Petroleum Ministry has reportedly portrayed the local liquefied petroleum gas (LPG) producers as a 'mafia' before the Economic Co-ordination Committee (ECC) of the Cabinet, which is making all-out efforts to block imports by reducing the price of gas,
Published 27 Aug, 2011 12:00am
Oil ministry portrays local producers as 'mafia' against LPG import

Oil ministry portrays local producers as 'mafia' against LPG import

The Petroleum Ministry has reportedly portrayed the local liquefied petroleum gas (LPG) producers as a 'mafia' before the Economic Co-ordination Committee (ECC) of the Cabinet, which is making all-out efforts to block imports by reducing the price of gas,
Published 27 Aug, 2011 12:00am
Oil ministry portrays local producers as ''mafia'' against LPG import

Oil ministry portrays local producers as ''mafia'' against LPG import

The Petroleum Ministry has reportedly portrayed the local liquefied petroleum gas (LPG) producers as a ''mafia'' before the Economic Co-ordination Committee (ECC) of the Cabinet, which is making all-out efforts to block imports by reducing the price of ga
Published 27 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 26, 2011).

Published 27 Aug, 2011 12:00am
Salmaan Taseer's son kidnapped

Salmaan Taseer's son kidnapped

Shahbaz Taseer, son of former governor Punjab Salmaan Taseer has been kidnapped from Gulburg area here Friday. No one has yet claimed the responsibility for kidnapping. Two persons riding a motorcycle intercepted Shahbaz Taseer soon after he had left his
Published 27 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 26, 2011).

Published 27 Aug, 2011 12:00am
Salmaan Taseer's son kidnapped

Salmaan Taseer's son kidnapped

Shahbaz Taseer, son of former governor Punjab Salmaan Taseer has been kidnapped from Gulburg area here Friday. No one has yet claimed the responsibility for kidnapping. Two persons riding a motorcycle intercepted Shahbaz Taseer soon after he had left his
Published 27 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 26, 2011).

Published 27 Aug, 2011 12:00am
CJP concerned over appointment of Auditor-General

CJP concerned over appointment of Auditor-General

Concern has been expressed by the Chief Justice of Pakistan Iftikhar Muhammad Chaudhry in the recent appointment of Auditor General of Pakistan (AGP) Akhtar Buland. President Asif Ali Zardari on August 23 appointed Akhtar Buland Rana as Auditor General of
Published 27 Aug, 2011 12:00am
CJP concerned over appointment of Auditor-General

CJP concerned over appointment of Auditor-General

Concern has been expressed by the Chief Justice of Pakistan Iftikhar Muhammad Chaudhry in the recent appointment of Auditor General of Pakistan (AGP) Akhtar Buland. President Asif Ali Zardari on August 23 appointed Akhtar Buland Rana as Auditor General of
Published 27 Aug, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (August 26, 2011).

Published 27 Aug, 2011 12:00am
WikiLeaks publishes tens of thousands more cables

WikiLeaks publishes tens of thousands more cables

The WikiLeaks organisation said on Thursday it was releasing tens of thousands of previously unpublished US diplomatic cables, some of which are still classified. "We will have released over 100,000 US embassy cables from around the world by the end of to
Published 27 Aug, 2011 12:00am
WikiLeaks publishes tens of thousands more cables

WikiLeaks publishes tens of thousands more cables

The WikiLeaks organisation said on Thursday it was releasing tens of thousands of previously unpublished US diplomatic cables, some of which are still classified. "We will have released over 100,000 US embassy cables from around the world by the end of to
Published 27 Aug, 2011 12:00am
WikiLeaks publishes tens of thousands more cables

WikiLeaks publishes tens of thousands more cables

The WikiLeaks organisation said on Thursday it was releasing tens of thousands of previously unpublished US diplomatic cables, some of which are still classified. "We will have released over 100,000 US embassy cables from around the world by the end of to
Published 27 Aug, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (August 26, 2011) and for Saturday (August 27, 2011).
Published 27 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (August 26, 2011).

Published 27 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 23, 2011.

Published 27 Aug, 2011 12:00am
Efforts towards restoring peace in Karachi: US embassy playing role

Efforts towards restoring peace in Karachi: US embassy playing role

The US embassy has been playing a constructive role towards restoring peace in Karachi. In an email to Business Recorder, the US Embassy stated, "we continue to openly engage with members of various political parties on matters of mutual concern, includin
Published 27 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 23, 2011.

Published 27 Aug, 2011 12:00am
Efforts towards restoring peace in Karachi: US embassy playing role

Efforts towards restoring peace in Karachi: US embassy playing role

The US embassy has been playing a constructive role towards restoring peace in Karachi. In an email to Business Recorder, the US Embassy stated, "we continue to openly engage with members of various political parties on matters of mutual concern, includin
Published 27 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 23, 2011.

Published 27 Aug, 2011 12:00am
Filing new ST/FE return form: taxpayers facing serious problems

Filing new ST/FE return form: taxpayers facing serious problems

The Federal Board of Revenue (FBR) has uploaded new sales tax and federal excise return form on the FBR Web-Portal, but the taxpayers are facing serious technical and practical problems in filing of returns. Tax experts told Business Recorder here
Published 27 Aug, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (August 26, 2011).

Published 27 Aug, 2011 12:00am
Filing new ST/FE return form: taxpayers facing serious problems

Filing new ST/FE return form: taxpayers facing serious problems

The Federal Board of Revenue (FBR) has uploaded new sales tax and federal excise return form on the FBR Web-Portal, but the taxpayers are facing serious technical and practical problems in filing of returns. Tax experts told Business Recorder here
Published 27 Aug, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (August 26, 2011).

Published 27 Aug, 2011 12:00am
Filing new ST/FE return form: taxpayers facing serious problems

Filing new ST/FE return form: taxpayers facing serious problems

The Federal Board of Revenue (FBR) has uploaded new sales tax and federal excise return form on the FBR Web-Portal, but the taxpayers are facing serious technical and practical problems in filing of returns. Tax experts told Business Recorder here
Published 27 Aug, 2011 12:00am
The Weather

The Weather

The weather report on Friday (August 26, 2011) and the forecast for Saturday (August 27, 2011).

Published 27 Aug, 2011 12:00am
Income tax returns filing dates extended

Income tax returns filing dates extended

The Federal Board of Revenue has extended the due dates for filing of income tax returns for the tax year 2011. In a notification issued here on Friday, the Inland Revenue Wing of the FBR has announced the following extension in the dates.
Published 27 Aug, 2011 12:00am
Income tax returns filing dates extended

Income tax returns filing dates extended

The Federal Board of Revenue has extended the due dates for filing of income tax returns for the tax year 2011. In a notification issued here on Friday, the Inland Revenue Wing of the FBR has announced the following extension in the dates.
Published 27 Aug, 2011 12:00am
Income tax returns filing dates extended

Income tax returns filing dates extended

The Federal Board of Revenue has extended the due dates for filing of income tax returns for the tax year 2011. In a notification issued here on Friday, the Inland Revenue Wing of the FBR has announced the following extension in the dates.
Published 27 Aug, 2011 12:00am
Gold gains in Karachi and Lahore

Gold gains in Karachi and Lahore

Gold prices on Friday surged to Rs 59, 000 per tola on the local market posting a huge increase of Rs 2,000 in a single day trading, traders said. The price of gold per 10-gram reached Rs 50, 571 up by Rs 1714. On the international market, the yellow meta
Published 27 Aug, 2011 12:00am
Gold gains in Karachi and Lahore

Gold gains in Karachi and Lahore

Gold prices on Friday surged to Rs 59, 000 per tola on the local market posting a huge increase of Rs 2,000 in a single day trading, traders said. The price of gold per 10-gram reached Rs 50, 571 up by Rs 1714. On the international market, the yellow meta
Published 27 Aug, 2011 12:00am
Gold gains in Karachi and Lahore

Gold gains in Karachi and Lahore

Gold prices on Friday surged to Rs 59, 000 per tola on the local market posting a huge increase of Rs 2,000 in a single day trading, traders said. The price of gold per 10-gram reached Rs 50, 571 up by Rs 1714. On the international market, the yellow meta
Published 27 Aug, 2011 12:00am
Beleaguered Japan Prime Minister announces resignation

Beleaguered Japan Prime Minister announces resignation

Japanese Prime Minister Naoto Kan on Friday stepped down as president of the ruling party, paving the way for the selection of the disaster-hit nation's sixth new premier in five years. Kan's resignation comes after nearly 15 turbulent months in power dur
Published 27 Aug, 2011 12:00am
Beleaguered Japan Prime Minister announces resignation

Beleaguered Japan Prime Minister announces resignation

Japanese Prime Minister Naoto Kan on Friday stepped down as president of the ruling party, paving the way for the selection of the disaster-hit nation's sixth new premier in five years. Kan's resignation comes after nearly 15 turbulent months in power dur
Published 27 Aug, 2011 12:00am
Sindh ST collection exceeds Rs one billion

Sindh ST collection exceeds Rs one billion

Collection by Sindh Revenue Board (SRB) has surpassed Rs 1 billion in the head of Sales Tax on Services (SToS) of July 2011, while 27 August is the last date of filing of the returns. This was stated by the spokesman of SRB to Business Recorder her
Published 27 Aug, 2011 12:00am
Sindh ST collection exceeds Rs one billion

Sindh ST collection exceeds Rs one billion

Collection by Sindh Revenue Board (SRB) has surpassed Rs 1 billion in the head of Sales Tax on Services (SToS) of July 2011, while 27 August is the last date of filing of the returns. This was stated by the spokesman of SRB to Business Recorder her
Published 27 Aug, 2011 12:00am
Sindh ST collection exceeds Rs one billion

Sindh ST collection exceeds Rs one billion

Collection by Sindh Revenue Board (SRB) has surpassed Rs 1 billion in the head of Sales Tax on Services (SToS) of July 2011, while 27 August is the last date of filing of the returns. This was stated by the spokesman of SRB to Business Recorder her
Published 27 Aug, 2011 12:00am
LeT admits to killing Maulana Shaukat

LeT admits to killing Maulana Shaukat

A powerful militant group has admitted that one of its own members killed a veteran Kashmiri in Indian held Kashmir, in a report released Friday. Maulana Shaukat Ahmad Shah, a respected cleric and strong pro-independence supporter, was assassinated on Apr
Published 27 Aug, 2011 12:00am
LeT admits to killing Maulana Shaukat

LeT admits to killing Maulana Shaukat

A powerful militant group has admitted that one of its own members killed a veteran Kashmiri in Indian held Kashmir, in a report released Friday. Maulana Shaukat Ahmad Shah, a respected cleric and strong pro-independence supporter, was assassinated on Apr
Published 27 Aug, 2011 12:00am
Big terror attack averted in Capital; five held

Big terror attack averted in Capital; five held

A big terror attack was averted here Friday when Islamabad Police and LEAs arrested a hardcore terrorist along with suicide vests, explosives, weapons and foreign currency in the wee hours Friday, police sources told this scribe. The terrorist and his ass
Published 27 Aug, 2011 12:00am
Big terror attack averted in Capital; five held

Big terror attack averted in Capital; five held

A big terror attack was averted here Friday when Islamabad Police and LEAs arrested a hardcore terrorist along with suicide vests, explosives, weapons and foreign currency in the wee hours Friday, police sources told this scribe. The terrorist and his ass
Published 27 Aug, 2011 12:00am
At least 53 killed in Mexico casino attack

At least 53 killed in Mexico casino attack

An arson attack on a casino in the northern Mexican industrial city of Monterrey sparked a massive fire and killed at least 53 people, the governor of the state of Nuevo Leon said Thursday. Governor Rodrigo Medina announced the grim toll in an interview w
Published 27 Aug, 2011 12:00am
At least 53 killed in Mexico casino attack

At least 53 killed in Mexico casino attack

An arson attack on a casino in the northern Mexican industrial city of Monterrey sparked a massive fire and killed at least 53 people, the governor of the state of Nuevo Leon said Thursday. Governor Rodrigo Medina announced the grim toll in an interview w
Published 27 Aug, 2011 12:00am
BHP completes Petrohawk takeover

BHP completes Petrohawk takeover

Mining giant BHP Billiton said on Friday it had completed its US $12.1 billion take-over of the US-based Petrohawk Energy Corporation. The company, which posted a record-breaking financial year profit of US $23.6 billion this week, said the deal was seale
Published 27 Aug, 2011 12:00am
BHP completes Petrohawk takeover

BHP completes Petrohawk takeover

Mining giant BHP Billiton said on Friday it had completed its US $12.1 billion take-over of the US-based Petrohawk Energy Corporation. The company, which posted a record-breaking financial year profit of US $23.6 billion this week, said the deal was seale
Published 27 Aug, 2011 12:00am
BHP completes Petrohawk takeover

BHP completes Petrohawk takeover

Mining giant BHP Billiton said on Friday it had completed its US $12.1 billion take-over of the US-based Petrohawk Energy Corporation. The company, which posted a record-breaking financial year profit of US $23.6 billion this week, said the deal was seale
Published 27 Aug, 2011 12:00am
SSGC clarification

SSGC clarification

The Management of SSGC has clarified a news item titled "SSGC Accused of Violation of PEPRA Rules" that appeared in the Business Recorder on 24 August 2011. The facts with regard to the issues referred to in the article are stated hereunder: SSGC h
Published 27 Aug, 2011 12:00am
SSGC clarification

SSGC clarification

The Management of SSGC has clarified a news item titled "SSGC Accused of Violation of PEPRA Rules" that appeared in the Business Recorder on 24 August 2011. The facts with regard to the issues referred to in the article are stated hereunder: SSGC h
Published 27 Aug, 2011 12:00am
SSGC clarification

SSGC clarification

The Management of SSGC has clarified a news item titled "SSGC Accused of Violation of PEPRA Rules" that appeared in the Business Recorder on 24 August 2011. The facts with regard to the issues referred to in the article are stated hereunder: SSGC h
Published 27 Aug, 2011 12:00am
Setting up six terminals on border: stakeholders to be consulted

Setting up six terminals on border: stakeholders to be consulted

The Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Sheikh on Friday chaired a meeting about different proposals of National Logistic Board (NLB). The NLB demanded establishment of six terminals at the borders areas of Taftan, Chaman, To
Published 27 Aug, 2011 12:00am
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