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Archive - 2011-10-05
Relations with US improving: Gilani
Top News

Relations with US improving: Gilani

ISLAMABAD : Pakistan said on Wednesday that relations with estranged ally Washington were getting back on track and ca
Published 05 Oct, 2011 07:19pm
Gold plunges to Rs46,800 per 10 grams
Top News

Gold plunges to Rs46,800 per 10 grams

KARACHI: Gold plunged by Rs1,371 to Rs46,800 per 10 grams in the local market Wednesday, as its international price dipp
Published 05 Oct, 2011 01:41pm
ISE-10 witnesses bearish trend
Markets

ISE-10 witnesses bearish trend

ISLAMABAD : Islamabad Stock Exchange (ISE-10) on Wednesday witnessed bearish trend as the index shed 6.68 points to cl
Published 05 Oct, 2011 01:17pm
Six held over plot to kill Karzai: Kabul
Top News

Six held over plot to kill Karzai: Kabul

KABUL : Six people have been arrested after an alleged plot to assassinate Afghan President Hamid Karzai was foiled, th
Published 05 Oct, 2011 12:00pm
Tea import increases by 0.96pc
Top News

Tea import increases by 0.96pc

ISLAMABAD: Tea import into the country during the first two months (July-August) of current financial year registered an
Published 05 Oct, 2011 09:34am
Tokyo stocks down 0.86pc
Financial

Tokyo stocks down 0.86pc

TOKYO: Tokyo stocks dropped 0.86 percent on Wednesday, giving up early gains that stemmed from hopes EU leaders would ac
Published 05 Oct, 2011 06:14am
Asia, Africa: engines of growth
BR Research

Asia, Africa: engines of growth

The shift of economic power from West to East is inevitable as reflected by the survey conducted by Barclays Bank. The annual corporate glob
Published 05 Oct, 2011 12:00am
A new wave of cooperation
BR Research

A new wave of cooperation

Dialogue between India and Pakistan has always been a roller-coaster ride and successive attempts to garner support and coordination between
Published 05 Oct, 2011 12:00am
Nadal, Ferrer notch Japan Open wins

Nadal, Ferrer notch Japan Open wins

The Spanish duo of defending champion Rafael Nadal and former winner David Ferrer crushed local hopes Tuesday to advance to the second round of the Japan Open. World number two Nadal, playing his first singles tournament since finishing as runner-up to No
Published 05 Oct, 2011 12:00am
Players' wishes ignored: Roddick

Players' wishes ignored: Roddick

Frustrated Andy Roddick says players' views are often ignored when it comes to tennis power politics, with efforts to tackle the punishing schedule likely to come to nothing. The American, who exited in the first round of the China Open on Monday, is back
Published 05 Oct, 2011 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee weakened for a third straight session on Tuesday as investors dumped riskier assets on expectations of a sustained crisis in the eurozone, but some dollar selling by exporters pulled the local unit off the day's lows. The partially conver
Published 05 Oct, 2011 12:00am
Rate for three-month dollar up

Rate for three-month dollar up

Eurozone banks faced increased pressure in money markets on Tuesday after a plunge in Franco-Belgian group Dexia's shares pointed to the risks that a Greek default could cause solvency problems for the region's lenders. Markets were broadly more risk aver
Published 05 Oct, 2011 12:00am
Won recovers, Singapore dollar up

Won recovers, Singapore dollar up

The won cut its losses on Tuesday after a few regional central banks bought South Korean currency bonds for reserve diversification, while the Singapore dollar led a small bounce in other Asian currencies as shorter-term investors cut short positions.
Published 05 Oct, 2011 12:00am
Aussie dollar plumbs to one-year lows

Aussie dollar plumbs to one-year lows

The Aussie dollar hit a fresh one-year trough on Tuesday after a the Reserve Bank of Australia (RBA) surprised by opening the door to a rate as early as next month, while the New Zealand dollar plumbed a six-month low on a global flight to safety.
Published 05 Oct, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 75.41-75.45 (previous 75.38-75.39). Call Money Rates: 6.25-8.00 percent (previous 6.00-8.00 percent).
Published 05 Oct, 2011 12:00am
Euro sinks in New York

Euro sinks in New York

The euro fell to its lowest level in more than eight months against the dollar on Monday, as fears of a Greek default deepened after the debt-ridden country said it will not meet the deficit target set out under its bailout plan. The single eurozone curre
Published 05 Oct, 2011 12:00am
Early trade in New York: euro rallies sharply

Early trade in New York: euro rallies sharply

The euro bounced from a near nine-month low and rallied sharply against the dollar on Tuesday after Federal Reserve Chairman Ben Bernanke said the central bank is prepared to act further to help the economy. The move higher in the euro then fed on itself
Published 05 Oct, 2011 12:00am
Euro hits nine-month low versus dollar in London

Euro hits nine-month low versus dollar in London

The euro hit a nine-month low against the dollar and a 10-year trough against the yen on Tuesday as eurozone policymakers failed to quell rising speculation of a Greek debt default, hitting riskier currencies and boosting the greenback.
Published 05 Oct, 2011 12:00am
Dollar rises versus basket of currencies

Dollar rises versus basket of currencies

The dollar was supported near a 9-month high against a basket of currencies on Tuesday with the market gripped by fear that the debt crisis in Europe could unleash substantial damage on the global economy. The euro hit a nine-month low in early Tuesday tr
Published 05 Oct, 2011 12:00am
Sterling tumbles

Sterling tumbles

Sterling fell towards its lowest in 13 months against the buoyant dollar and was under pressure against the euro on Tuesday, after weak UK construction data added weight to speculation the Bank of England may resort to more easing. The pound was also unde
Published 05 Oct, 2011 12:00am
FTSE sinks to 15-month low

FTSE sinks to 15-month low

Britain's top share index hit a 15-month closing low on Tuesday, with banks and commodity stocks leading a broad-based sell-off, as growing doubts over Greece's ability to stave off a debt default triggered fears of financial turmoil. The UK benchmark end
Published 05 Oct, 2011 12:00am
Indian shares dive to five-week low

Indian shares dive to five-week low

Indian shares dropped for a third straight session on Tuesday, falling 1.77 percent to their lowest close in more than five weeks, as a rating downgrade of top lender State Bank of India (SBI) rattled investors and sent bank stocks reeling on renewed fear
Published 05 Oct, 2011 12:00am
Seoul shares tumble

Seoul shares tumble

Seoul shares tumbled on Tuesday, performing worse than Asian peers, with investors rushing to dump stocks in post-holiday trade. The selloff prompted pension funds to step in. They snapped up 240.8 billion won worth of shares, their largest daily purchase
Published 05 Oct, 2011 12:00am
European shares plummet

European shares plummet

European shares fell sharply on Tuesday to flirt with a 26-month closing low after European officials discussed making banks take bigger losses on Greek debt and delayed a key aid payment to Athens, with concerns growing that Greece could default.
Published 05 Oct, 2011 12:00am
Nikkei average falls

Nikkei average falls

The Nikkei stock average fell on Tuesday, but closed off its intra-day lows, as foreign investors continued to pull back from large-cap names with financials and commodity trading houses among the weakest performers on the day. Foreigners have steadily cu
Published 05 Oct, 2011 12:00am
Hong Kong shares extend losing streak

Hong Kong shares extend losing streak

Hong Kong shares tumbled for a fourth straight session on Tuesday, as weakness in local property developers and mainland energy names pulled the Hang Seng Index down 3.4 percent to its lowest close in 2-1/2 years. The market will be closed on Wednesday fo
Published 05 Oct, 2011 12:00am
Treasuries surge

Treasuries surge

US Treasuries prices surged on Monday as news Greece will miss its deficit target drove stocks lower amid bets the Federal Reserve's latest stimulus program will contribute to a further erosion of rates. The Treasuries market made a strong start to the fo
Published 05 Oct, 2011 12:00am
Treasuries surge

Treasuries surge

US Treasuries prices surged on Monday as news Greece will miss its deficit target drove stocks lower amid bets the Federal Reserve's latest stimulus program will contribute to a further erosion of rates. The Treasuries market made a strong start to the fo
Published 05 Oct, 2011 12:00am
EU to object to Deutsche Boerse, NYSE deal

EU to object to Deutsche Boerse, NYSE deal

European Union regulators will formally object to the proposed merger of Deutsche Boerse and NYSE Euronext this week, two sources with knowledge of the case said, which may force the companies to offer concessions to ease competition concerns.
Published 05 Oct, 2011 12:00am
US stocks slump

US stocks slump

US stocks slumped in heavy volume to a 13-month low on Monday as investors dumped bank shares on fears that Greece's worsening financial crisis could cause a large European lender to fail. Investors pegged losses to the sharp fall in Franco-Belgian financ
Published 05 Oct, 2011 12:00am
Tuesday's midday trade: Wall Street cuts losses

Tuesday's midday trade: Wall Street cuts losses

The Nasdaq jumped 1 percent on Tuesday, reversing an earlier steep drop as tech shares rose and the overall stock market trimmed losses on comments from Federal Reserve Chairman Ben Bernanke that he was ready to take more steps to help the fragile recover
Published 05 Oct, 2011 12:00am
South East Asian markets: Singapore touches two-year lows

South East Asian markets: Singapore touches two-year lows

Singapore stocks shed more than 3 percent to a two-year low on Tuesday and Indonesian stocks fell more than 2 percent as growing doubts over Greece's ability to avert a debt default prompted further selling of stocks and other risk assets.
Published 05 Oct, 2011 12:00am
Gulf markets dip on Europe debt woes

Gulf markets dip on Europe debt woes

Gulf markets fell on Tuesday, dragged by renewed selling pressure on mounting fears of a Greek default, and Egypt's bourse slumped to a new 30-month low on political woes. Qatar's market led regional declines, spurred by losses in world stocks, which fell
Published 05 Oct, 2011 12:00am
Hedge funds suffer through worst quarter since 2008

Hedge funds suffer through worst quarter since 2008

Hedge funds posted their worst returns in three years in the third quarter, and the fourth quarter appears to be off to an equally rocky start. For hedge funds around the world, the average loss was 5.02 percent in the three months ended September 28, acc
Published 05 Oct, 2011 12:00am
Hedge funds suffer through worst quarter since 2008

Hedge funds suffer through worst quarter since 2008

Hedge funds posted their worst returns in three years in the third quarter, and the fourth quarter appears to be off to an equally rocky start. For hedge funds around the world, the average loss was 5.02 percent in the three months ended September 28, acc
Published 05 Oct, 2011 12:00am
Australia posts second-biggest trade surplus

Australia posts second-biggest trade surplus

Australia boasted its second-largest trade surplus on record in August as demand from China and Japan drove exports of iron ore and coal, providing a vital boost to economic growth ahead of the latest bout of turmoil on global markets. The resource-rich c
Published 05 Oct, 2011 12:00am
Eurozone hints at bigger bank losses for Greece

Eurozone hints at bigger bank losses for Greece

European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a moment of truth in the eurozone's sovereign debt crisis. Greek Finance Minister Evan
Published 05 Oct, 2011 12:00am
Euro inflation risks ease as factory prices dip

Euro inflation risks ease as factory prices dip

Falling energy costs and sluggish industry pulled down producer prices in the eurozone in August, data showed on Tuesday, although the 0.1 percent dip is probably not enough to persuade the European Central Bank to cut rates this week. Stripping out energ
Published 05 Oct, 2011 12:00am
Biden blames China, euro 'contagion' for economic woe

Biden blames China, euro 'contagion' for economic woe

US Vice President Joe Biden on Tuesday blamed China and European "contagion" for a slowdown in the US economy as he promoted the Obama administration's $447 billion jobs bill to spur hiring and growth. Biden said the US economy "was starting to move, but
Published 05 Oct, 2011 12:00am
Record $512 billion shortfall for big US pension funds

Record $512 billion shortfall for big US pension funds

September was another cruel month for large US pension plans, as stock losses and lower interest rates caused the shortfall between their assets and liabilities to balloon to the largest gap since the end of World War II. Pension consulting firm Mercer ca
Published 05 Oct, 2011 12:00am
S&P goes on trial over junk products

S&P goes on trial over junk products

Standard & Poor's went on trial in Australia on Tuesday, accused of misleading several towns by giving top ratings to financial products that collapsed in the build-up to the 2008 global economic crisis. While several lawsuits are underway around the worl
Published 05 Oct, 2011 12:00am
S&P goes on trial over junk products

S&P goes on trial over junk products

Standard & Poor's went on trial in Australia on Tuesday, accused of misleading several towns by giving top ratings to financial products that collapsed in the build-up to the 2008 global economic crisis. While several lawsuits are underway around the worl
Published 05 Oct, 2011 12:00am
Ford, UAW agree on new labour contract

Ford, UAW agree on new labour contract

Ford Motor Co and the United Auto Workers union said on Tuesday they had reached a tentative four-year contract that would allow the automaker to invest almost $5 billion in US plants and create an additional 5,750 jobs. Ford declined to comment in detail
Published 05 Oct, 2011 12:00am
France, Belgium pledge aid for ailing Dexia

France, Belgium pledge aid for ailing Dexia

France and Belgium promised to support stricken bank Dexia SA via guarantees for a "bad bank" holding its worst assets in a bid to prevent its troubles from deepening the eurozone debt crisis. Laid low in recent weeks by its heavy exposure to Greece and p
Published 05 Oct, 2011 12:00am
US factory orders dip

US factory orders dip

New orders for US factory goods fell for the second time in three months in August, putting into question strength in the manufacturing sector which had led the economic recovery. The Commerce Department said on Tuesday orders for manufactured goods decre
Published 05 Oct, 2011 12:00am
Asia's biggest tech fair opens in Japan

Asia's biggest tech fair opens in Japan

Smartphones detecting bad breath and radiation, twistable remote controls and a super-thin tablet computer featured among the cutting-edge gadgets at Asia's biggest tech fair in Japan Tuesday. Around 600 firms unveiled their innovations at the Combined Ex
Published 05 Oct, 2011 12:00am
Deutsche Bank scraps 2011 profit target

Deutsche Bank scraps 2011 profit target

Deutsche Bank said its full-year target of 10 billion euros ($13.3 billion) profit before tax is no longer within reach as the European debt crisis takes its toll on global markets. "The intensifying European sovereign debt crisis led to sustained uncerta
Published 05 Oct, 2011 12:00am
Deutsche Bank scraps 2011 profit target

Deutsche Bank scraps 2011 profit target

Deutsche Bank said its full-year target of 10 billion euros ($13.3 billion) profit before tax is no longer within reach as the European debt crisis takes its toll on global markets. "The intensifying European sovereign debt crisis led to sustained uncerta
Published 05 Oct, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was up while the January contract was unchanged on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December contract that had ended at Rs 1312.40 commenced with a gain of 20 paisa in the early s
Published 05 Oct, 2011 12:00am
Rates move both ways in slow trade on grain market

Rates move both ways in slow trade on grain market

Prices moved both ways on the grain market on Tuesday amid slow trading, dealers said. On the cereal side moong Punjab lost Rs 250 to Rs 6250, masoor Canada was quoted lower at Rs 5500-6000, wheat old bardan was quoted lower at Rs 2570 and wheat old new B
Published 05 Oct, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 94,298 tonnes of cargo comprising 72,549 tonnes of import cargo and 21,749 tonnes of export cargo including 4,549 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 72,549 tonn
Published 05 Oct, 2011 12:00am
Rice scheme may harm Thailand's reputation

Rice scheme may harm Thailand's reputation

The rice price-guarantee scheme in the world's biggest exporter Thailand may damage its reputation among buyers and highlights the need to expand a regional rice reserve, a World Bank economist said on Tuesday. Thailand's new government plans to raise the
Published 05 Oct, 2011 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh eased for the fourth successive weekly auction on Tuesday on weak demand from buyers, brokers said. The average price of Bangladeshi tea edged down to 161.06 taka ($2.14) per kg against 169.64 taka at the previous weekly auction,
Published 05 Oct, 2011 12:00am
India's October-September coffee exports jump to record

India's October-September coffee exports jump to record

India boosted coffee exports 33 percent to a record 358,278 tonnes in the year ending September 30, the state-run Coffee Board said, helped by huge stocks carried over from the previous year and lower supplies from competitors. Coffee exports in value ter
Published 05 Oct, 2011 12:00am
Vietnamese coffee prices fall to seven-month low

Vietnamese coffee prices fall to seven-month low

Vietnamese coffee prices dropped on Tuesday to a seven-month low, tracking a global retreat as harvesting of an expected bumper crop began, although it has started slowly in some areas and supplies are not expected to pick up until next month.
Published 05 Oct, 2011 12:00am
Oil World sees palm oil prices down 10 percent

Oil World sees palm oil prices down 10 percent

The combination of record supplies of sunflower seeds from the Black Sea area and lower demand due to the economic downturn will push palm oil prices down 10 percent in the next two months, German-based analyst Oil World said on Tuesday.
Published 05 Oct, 2011 12:00am
Canadian canola futures firmer

Canadian canola futures firmer

ICE Canadian canola futures ended firmer on Monday after paring earlier losses that dropped them to an 11-month low. Position-squaring ahead of Tuesday's Statistics Canada crop production report may have underpinned. Early weakness felt across commodities
Published 05 Oct, 2011 12:00am
Attock Cement Pakistan Limited

Attock Cement Pakistan Limited

Attock Cement Pakistan Limited (ACPL) is a subsidiary of the Pharaon Group and has been a publicly listed firm since it listing at the Karachi Stock Exchange in June 2002. The Company is mainly involved in the manufacturing and sale of cement.
Published 05 Oct, 2011 12:00am
Attock Cement Pakistan Limited

Attock Cement Pakistan Limited

Attock Cement Pakistan Limited (ACPL) is a subsidiary of the Pharaon Group and has been a publicly listed firm since it listing at the Karachi Stock Exchange in June 2002. The Company is mainly involved in the manufacturing and sale of cement.
Published 05 Oct, 2011 12:00am
PIA, Palpa agree to make airline financially viable

PIA, Palpa agree to make airline financially viable

The Pakistan International Airlines (PIA) management and Pakistan Air Line Pilots Association (Palpa) have mutually agreed to pull the national carrier out of its present morass and make it financially viable.
Published 05 Oct, 2011 12:00am
Pakistan Steel now working on self-reliance policy

Pakistan Steel now working on self-reliance policy

"Management of Pakistan Steel is now working on self-reliance policy finding ways and utilising options for usage of imported raw material. About 0.65 million metric tons of local iron ore from Balochistan is utilised in Pakistan Steel till September 2011
Published 05 Oct, 2011 12:00am
Fire destroys plastic factory

Fire destroys plastic factory

Fire broke out in a plastic factory located at Korangi in the limits of Awami police station on Tuesday. Fire brigade officials said two fire tenders were sent to the spot after receiving the information at 10am. They said the fire completely gutted the f
Published 05 Oct, 2011 12:00am
Rain victims: more Nadra centres to be set up in three talukas: DCO

Rain victims: more Nadra centres to be set up in three talukas: DCO

The DCO Tando Mohammad Khan Syed Barkat Ahmed Rizvi has said that efforts have been intensified to provide the Pakistan Card to rain-affected people of the district and more Nadra centres to be established in all three talukas to facilitate the rain victi
Published 05 Oct, 2011 12:00am
SPSC announces names of successful candidates

SPSC announces names of successful candidates

The Sindh Public Service Commission (SPSC) Hyderabad has announced the names of successful candidates who were interviewed for the post of Subject Specialist Economics (female) BPS-17 in Education and literacy Department, Government of Sindh, last month.
Published 05 Oct, 2011 12:00am
ITMA-ITMF World Textile Summit: Kofi Annan addresses first

ITMA-ITMF World Textile Summit: Kofi Annan addresses first

The first ITMA-ITMF World Textile Summit held at Hotel Rey Juan Carlos I, in Barcelona, Spain, bringing together textile-industry leaders and some of the world's most influential thinkers and policymakers in strategically important fields such as economic
Published 05 Oct, 2011 12:00am
New York cotton

New York cotton

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

Published 05 Oct, 2011 12:00am
New York cotton

New York cotton

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

Published 05 Oct, 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 05 Oct, 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 05 Oct, 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 Tuesday (October 04, 2011).

Published 05 Oct, 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 Tuesday (October 04, 2011).

Published 05 Oct, 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 Tuesday (October 04, 2011).

Published 05 Oct, 2011 12:00am
13 killed in sectarian attack in Quetta

13 killed in sectarian attack in Quetta

At least 13 people were killed and five others injured in firing on a bus in outskirts of the provincial capital here on Tuesday morning. "Unknown armed men riding in a vehicle opened fire at a local bus carrying passengers in Akhtarabad area at about 7am
Published 05 Oct, 2011 12:00am
13 killed in sectarian attack in Quetta

13 killed in sectarian attack in Quetta

At least 13 people were killed and five others injured in firing on a bus in outskirts of the provincial capital here on Tuesday morning. "Unknown armed men riding in a vehicle opened fire at a local bus carrying passengers in Akhtarabad area at about 7am
Published 05 Oct, 2011 12:00am
500MCCF LNG: import aimed at power generation, says Asim

500MCCF LNG: import aimed at power generation, says Asim

Prime Minister Syed Yousuf Raza Gilani chaired a meeting here on Tuesday in which the Minister for Petroleum, Dr Asim Hussain informed that his Ministry was actively engaged to pave the way for the import of 500 MCCF Liquid Natural Gas (LNG) on an emergen
Published 05 Oct, 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 Tuesday (October 04, 2011).

Published 05 Oct, 2011 12:00am
500MCCF LNG: import aimed at power generation, says Asim

500MCCF LNG: import aimed at power generation, says Asim

Prime Minister Syed Yousuf Raza Gilani chaired a meeting here on Tuesday in which the Minister for Petroleum, Dr Asim Hussain informed that his Ministry was actively engaged to pave the way for the import of 500 MCCF Liquid Natural Gas (LNG) on an emergen
Published 05 Oct, 2011 12:00am
500MCCF LNG: import aimed at power generation, says Asim

500MCCF LNG: import aimed at power generation, says Asim

Prime Minister Syed Yousuf Raza Gilani chaired a meeting here on Tuesday in which the Minister for Petroleum, Dr Asim Hussain informed that his Ministry was actively engaged to pave the way for the import of 500 MCCF Liquid Natural Gas (LNG) on an emergen
Published 05 Oct, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (October 04, 2011).
Published 05 Oct, 2011 12:00am
New set of reforms to be introduced: Naveed

New set of reforms to be introduced: Naveed

Water and Power Minister Naveed Qamar on Tuesday said the government would be introducing a new set of reforms for the energy sector over the next month in two stages to resolve the energy crisis, according to Aaj News. Addressing a press conferenc
Published 05 Oct, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (October 04, 2011).

Published 05 Oct, 2011 12:00am
New set of reforms to be introduced: Naveed

New set of reforms to be introduced: Naveed

Water and Power Minister Naveed Qamar on Tuesday said the government would be introducing a new set of reforms for the energy sector over the next month in two stages to resolve the energy crisis, according to Aaj News. Addressing a press conferenc
Published 05 Oct, 2011 12:00am
New set of reforms to be introduced: Naveed

New set of reforms to be introduced: Naveed

Water and Power Minister Naveed Qamar on Tuesday said the government would be introducing a new set of reforms for the energy sector over the next month in two stages to resolve the energy crisis, according to Aaj News. Addressing a press conferenc
Published 05 Oct, 2011 12:00am
Rs 400 billion bank advances to convert into investment

Rs 400 billion bank advances to convert into investment

Cornered by ever-spiralling inter-corporate debt in the power sector, the government would consider that the negotiations held with banks on Tuesday yielded a win-win result. The government finally managed to strike a deal on sovereign notes with commerci
Published 05 Oct, 2011 12:00am
Rs 400 billion bank advances to convert into investment

Rs 400 billion bank advances to convert into investment

Cornered by ever-spiralling inter-corporate debt in the power sector, the government would consider that the negotiations held with banks on Tuesday yielded a win-win result. The government finally managed to strike a deal on sovereign notes with commerci
Published 05 Oct, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (October 04, 2011).

Published 05 Oct, 2011 12:00am
Rs 400 billion bank advances to convert into investment

Rs 400 billion bank advances to convert into investment

Cornered by ever-spiralling inter-corporate debt in the power sector, the government would consider that the negotiations held with banks on Tuesday yielded a win-win result. The government finally managed to strike a deal on sovereign notes with commerci
Published 05 Oct, 2011 12:00am
FBR Board-in-Council to take many key decisions today

FBR Board-in-Council to take many key decisions today

The Board-in-Council of the Federal Board of Revenue (FBR) here on Wednesday, October 5, will take decisions on reduction in the rate of withholding tax on services sector and introduction of a single rate of 5 percent on local stage of five sales tax zer
Published 05 Oct, 2011 12:00am
FBR Board-in-Council to take many key decisions today

FBR Board-in-Council to take many key decisions today

The Board-in-Council of the Federal Board of Revenue (FBR) here on Wednesday, October 5, will take decisions on reduction in the rate of withholding tax on services sector and introduction of a single rate of 5 percent on local stage of five sales tax zer
Published 05 Oct, 2011 12:00am
FBR Board-in-Council to take many key decisions today

FBR Board-in-Council to take many key decisions today

The Board-in-Council of the Federal Board of Revenue (FBR) here on Wednesday, October 5, will take decisions on reduction in the rate of withholding tax on services sector and introduction of a single rate of 5 percent on local stage of five sales tax zer
Published 05 Oct, 2011 12:00am
Army-auctioned vehicles: FBR to maintain comprehensive database

Army-auctioned vehicles: FBR to maintain comprehensive database

The Federal Board of Revenue has decided to maintain a comprehensive database of all the vehicles including locally fabricated trucks auctioned by Pakistan Army to ensure that certificates issued by army auction authorities are not misused before the Moto
Published 05 Oct, 2011 12:00am
Army-auctioned vehicles: FBR to maintain comprehensive database

Army-auctioned vehicles: FBR to maintain comprehensive database

The Federal Board of Revenue has decided to maintain a comprehensive database of all the vehicles including locally fabricated trucks auctioned by Pakistan Army to ensure that certificates issued by army auction authorities are not misused before the Moto
Published 05 Oct, 2011 12:00am
Army-auctioned vehicles: FBR to maintain comprehensive database

Army-auctioned vehicles: FBR to maintain comprehensive database

The Federal Board of Revenue has decided to maintain a comprehensive database of all the vehicles including locally fabricated trucks auctioned by Pakistan Army to ensure that certificates issued by army auction authorities are not misused before the Moto
Published 05 Oct, 2011 12:00am
Strategic partnership: Kabul-Delhi deal gives birth to suspicion

Strategic partnership: Kabul-Delhi deal gives birth to suspicion

Afghan President Hamid Karzai signed a strategic partnership with India on Tuesday in a move bound to raise suspicion in Pakistan at a time of shifting alliances in unstable South Asia. Relations between Afghanistan and Pakistan, which have long been frag
Published 05 Oct, 2011 12:00am
Strategic partnership: Kabul-Delhi deal gives birth to suspicion

Strategic partnership: Kabul-Delhi deal gives birth to suspicion

Afghan President Hamid Karzai signed a strategic partnership with India on Tuesday in a move bound to raise suspicion in Pakistan at a time of shifting alliances in unstable South Asia. Relations between Afghanistan and Pakistan, which have long been frag
Published 05 Oct, 2011 12:00am
Rabbani probe: Pakistan rejects Afghan accusations

Rabbani probe: Pakistan rejects Afghan accusations

Pakistan on Tuesday rejected Afghan accusations that it had refused to cooperate in the investigation into the assassination of Kabul government peace envoy Burhanuddin Rabbani. "We completely reject, this is not true," foreign ministry spokeswoman Tehmin
Published 05 Oct, 2011 12:00am
Rabbani probe: Pakistan rejects Afghan accusations

Rabbani probe: Pakistan rejects Afghan accusations

Pakistan on Tuesday rejected Afghan accusations that it had refused to cooperate in the investigation into the assassination of Kabul government peace envoy Burhanuddin Rabbani. "We completely reject, this is not true," foreign ministry spokeswoman Tehmin
Published 05 Oct, 2011 12:00am
Romney warns Pakistan of serious consequences

Romney warns Pakistan of serious consequences

Republican presidential contender Mitt Romney is talking tough on Pakistan, accusing Islamabad of playing both sides in the war in Afghanistan. The former Massachusetts governor told New Hampshire voters Monday night that it's unacceptable that Pakistan i
Published 05 Oct, 2011 12:00am
Romney warns Pakistan of serious consequences

Romney warns Pakistan of serious consequences

Republican presidential contender Mitt Romney is talking tough on Pakistan, accusing Islamabad of playing both sides in the war in Afghanistan. The former Massachusetts governor told New Hampshire voters Monday night that it's unacceptable that Pakistan i
Published 05 Oct, 2011 12:00am
December 5, 1978

December 5, 1978

In an effort to prop up an unpopular pro-Soviet regime in Afghanistan, the Soviet Union signs a "friendship treaty" with the Afghan government agreeing to provide economic and military assistance. The treaty moved the Russians another step closer to their
Published 05 Oct, 2011 12:00am
December 5, 1978

December 5, 1978

In an effort to prop up an unpopular pro-Soviet regime in Afghanistan, the Soviet Union signs a "friendship treaty" with the Afghan government agreeing to provide economic and military assistance. The treaty moved the Russians another step closer to their
Published 05 Oct, 2011 12:00am
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