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Archive - 2011-10-20
ABL reports higher profit
Top News

ABL reports higher profit

KARACHI: Allied Bank of Pakistan (ABL) has posted a higher profit after tax of Rs 7.793 billion for nine months period e
Published 20 Oct, 2011 07:33pm
ABL reports higher profit
Markets

ABL reports higher profit

KARACHI : Allied Bank of Pakistan (ABL) has posted a higher profit after tax of Rs7.793 billion for nine months period e
Published 20 Oct, 2011 04:28pm
Qadhafi killed as hometown falls
Top News

Qadhafi killed as hometown falls

  SIRTE: Toppled dictator Moamer Qadhafi was killed Thursday in a final assault by new regime forces on the last pocket
Published 20 Oct, 2011 03:54pm
Gold further slips to Rs 46,628
Top News

Gold further slips to Rs 46,628

KARACHI: Gold further plunged by Rs 343 to close at Rs 46,628 per 10 grams in the local market on Thursday, as its inter
Published 20 Oct, 2011 03:52pm
Hillary Clinton arrives
Top News

Hillary Clinton arrives

ISLAMABAD: US Secretary of State Hillary Clinton arrived here Thursday evening on a two-day visit to meet Pakistani lead
Published 20 Oct, 2011 03:15pm
SBP Governor Yaseen assumes charges
Top News

SBP Governor Yaseen assumes charges

KARACHI: The Governor, State Bank of Pakistan (SBP) assumes charge of his office on Thursday after a notification of his
Published 20 Oct, 2011 02:24pm
Forex reserves expand to $17.202bn
Top News

Forex reserves expand to $17.202bn

KARACHI : The foreign exchange reserves of the country increased by dollars 30 million to dollars 17.202 billion as on O
Published 20 Oct, 2011 01:07pm
Qadhafi dead: NTC spokesman
Top News

Qadhafi dead: NTC spokesman

BENGHAZI : Veteran Libyan strongman Moamer Qadhafi has been killed by new regime forces in their final assault on the l
Published 20 Oct, 2011 01:00pm
Mango exports decline
Top News

Mango exports decline

IQBAL MIRZA KARACHI : Total quantity of mangoes exported during the season which ended last month represented less th
Published 20 Oct, 2011 11:24am
IMF to send mission to Libya
Top News

IMF to send mission to Libya

WASHINGTON : The International Monetary Fund will send a mission to Libya soon to assess the country's economy, an IMF
Published 20 Oct, 2011 11:10am
Clinton set for talks in Pakistan
Top News

Clinton set for talks in Pakistan

ISLAMABAD : US Secretary of State Hillary Clinton was due in Pakistan on Thursday, joining American national securit
Published 20 Oct, 2011 09:43am
Leak at nuclear plant, but no damage
Top News

Leak at nuclear plant, but no damage

KARACHI: A Pakistani nuclear power plant imposed a seven-hour emergency after heavy water leaked from a feeder pipe to t
Published 20 Oct, 2011 08:33am
Two die in Russian fighter crash
Europe

Two die in Russian fighter crash

MOSCOW: Two Russian fighter pilots died on Thursday when their Soviet-era Su-24 jet overshot a runway in the Far East an
Published 20 Oct, 2011 04:48am
Put a number on the poor!
BR Research

Put a number on the poor!

The cliché, "if you don know where you e going, any road will take you there," is as apt for the current economic regime as it was for the
Published 20 Oct, 2011 12:00am
Dwindling balance of payments
BR Research

Dwindling balance of payments

Pakistans external balance sheet is not showing a rosy picture. The deterioration of all the accounts of the balance of payments reflects th
Published 20 Oct, 2011 12:00am
POL hits the bright spots
BR Research

POL hits the bright spots

A 55 percent year-on-year growth in Pakistan Oilfields 1QFY12 earnings surprised many - as the market was expecting the profits to increase
Published 20 Oct, 2011 12:00am
Stocks suffer huge loss

Stocks suffer huge loss

The KSE-100 index on Wednesday witnessed a heavy fall of 271.73 points to close at 11,640.46 points due to investors' concerns over foreign outflows from the capital market and the absence of follow-up support. The market opened on a positive note and the
Published 20 Oct, 2011 12:00am
Stocks suffer huge loss

Stocks suffer huge loss

The KSE-100 index on Wednesday witnessed a heavy fall of 271.73 points to close at 11,640.46 points due to investors' concerns over foreign outflows from the capital market and the absence of follow-up support. The market opened on a positive note and the
Published 20 Oct, 2011 12:00am
Stocks suffer huge loss

Stocks suffer huge loss

The KSE-100 index on Wednesday witnessed a heavy fall of 271.73 points to close at 11,640.46 points due to investors'' concerns over foreign outflows from the capital market and the absence of follow-up support. The market opened on a positive note and th
Published 20 Oct, 2011 12:00am
BRIndex30 down 286 points

BRIndex30 down 286 points

On Wednesday, the BRIndex30 opened at 9,306.76 points. It touched the intra-day high of 9,343.51 points and low of 8,950.89 points, and closed at 9,020.76 points with a net negative change of -286 points, or -3.07 percent lower than previous close. The vo
Published 20 Oct, 2011 12:00am
BRIndex30 down 286 points

BRIndex30 down 286 points

On Wednesday, the BRIndex30 opened at 9,306.76 points. It touched the intra-day high of 9,343.51 points and low of 8,950.89 points, and closed at 9,020.76 points with a net negative change of -286 points, or -3.07 percent lower than previous close. The vo
Published 20 Oct, 2011 12:00am
CDWP to consider 59 projects: meeting tomorrow

CDWP to consider 59 projects: meeting tomorrow

The Central Development Working Party (CDWP) will meet on Friday, October 21, to consider projects worth billions of rupees relating to energy, water resources, agriculture and food, industry and commerce, physical planning and housing, culture and sports
Published 20 Oct, 2011 12:00am
CDWP to consider 59 projects: meeting tomorrow

CDWP to consider 59 projects: meeting tomorrow

The Central Development Working Party (CDWP) will meet on Friday, October 21, to consider projects worth billions of rupees relating to energy, water resources, agriculture and food, industry and commerce, physical planning and housing, culture and sports
Published 20 Oct, 2011 12:00am
CDWP to consider 59 projects: meeting tomorrow

CDWP to consider 59 projects: meeting tomorrow

The Central Development Working Party (CDWP) will meet on Friday, October 21, to consider projects worth billions of rupees relating to energy, water resources, agriculture and food, industry and commerce, physical planning and housing, culture and sports
Published 20 Oct, 2011 12:00am
Pakistan, US to take stock of relations: Hillary arriving today

Pakistan, US to take stock of relations: Hillary arriving today

United States Secretary of State Hillary Clinton is arriving on a crucial visit to Islamabad today (Thursday) to hold talks with country's civil and military leadership on war against terrorism, regional peace and other issues of mutual interest.
Published 20 Oct, 2011 12:00am
Pakistan, US to take stock of relations: Hillary arriving today

Pakistan, US to take stock of relations: Hillary arriving today

United States Secretary of State Hillary Clinton is arriving on a crucial visit to Islamabad today (Thursday) to hold talks with country's civil and military leadership on war against terrorism, regional peace and other issues of mutual interest.
Published 20 Oct, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am
Clinton in Afghanistan seeking political end to war

Clinton in Afghanistan seeking political end to war

US Secretary of State Hillary Clinton arrived in Kabul on Wednesday on a diplomatic drive ahead of international conferences to be held later this year aimed at finding a peaceable end to the 10-year war. Clinton's plane touched down in Kabul at 9:15pm (1
Published 20 Oct, 2011 12:00am
Clinton in Afghanistan seeking political end to war

Clinton in Afghanistan seeking political end to war

US Secretary of State Hillary Clinton arrived in Kabul on Wednesday on a diplomatic drive ahead of international conferences to be held later this year aimed at finding a peaceable end to the 10-year war. Clinton's plane touched down in Kabul at 9:15pm (1
Published 20 Oct, 2011 12:00am
US should focus on Afghanistan, not Pakistan: Kayani

US should focus on Afghanistan, not Pakistan: Kayani

Chief of Army Staff, General Ashfaq Kayani told parliament's defence committee the United States should focus on stabilising Afghanistan instead of pushing Pakistan to attack militant groups in a crucial border region, a committee member told Reuters on W
Published 20 Oct, 2011 12:00am
US should focus on Afghanistan, not Pakistan: Kayani

US should focus on Afghanistan, not Pakistan: Kayani

Chief of Army Staff, General Ashfaq Kayani told parliament's defence committee the United States should focus on stabilising Afghanistan instead of pushing Pakistan to attack militant groups in a crucial border region, a committee member told Reuters on W
Published 20 Oct, 2011 12:00am
Videos 'show' militants' reach

Videos 'show' militants' reach

Videos available on YouTube show that armed men in black with balaclavas freely roam the streets of one of the biggest towns in North Waziristan. There are no signs of security forces as the men belonging to a militant hit squad created to hunt suspected
Published 20 Oct, 2011 12:00am
Videos 'show' militants' reach

Videos 'show' militants' reach

Videos available on YouTube show that armed men in black with balaclavas freely roam the streets of one of the biggest towns in North Waziristan. There are no signs of security forces as the men belonging to a militant hit squad created to hunt suspected
Published 20 Oct, 2011 12:00am
No clearance of APTTA goods sans insurance guarantee

No clearance of APTTA goods sans insurance guarantee

The Federal Board of Revenue will not clear effective October 15, 2011 any consignments under the Afghanistan Pakistan Transit Trade Agreement (APTTA) until or unless insurance guarantee is submitted by Afghan importers for clearance of transit trade cons
Published 20 Oct, 2011 12:00am
No clearance of APTTA goods sans insurance guarantee

No clearance of APTTA goods sans insurance guarantee

The Federal Board of Revenue will not clear effective October 15, 2011 any consignments under the Afghanistan Pakistan Transit Trade Agreement (APTTA) until or unless insurance guarantee is submitted by Afghan importers for clearance of transit trade cons
Published 20 Oct, 2011 12:00am
No clearance of APTTA goods sans insurance guarantee

No clearance of APTTA goods sans insurance guarantee

The Federal Board of Revenue will not clear effective October 15, 2011 any consignments under the Afghanistan Pakistan Transit Trade Agreement (APTTA) until or unless insurance guarantee is submitted by Afghan importers for clearance of transit trade cons
Published 20 Oct, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am
LSE index loses 65.87 points

LSE index loses 65.87 points

Bearish sentiments continued to prevail on the Lahore Stock Exchange for the second consecutive day on Wednesday and the equities registered declines amid ascending transaction volume due to selling pressure. The LSE-25 index lost 65.87 points and was clo
Published 20 Oct, 2011 12:00am
LSE index loses 65.87 points

LSE index loses 65.87 points

Bearish sentiments continued to prevail on the Lahore Stock Exchange for the second consecutive day on Wednesday and the equities registered declines amid ascending transaction volume due to selling pressure. The LSE-25 index lost 65.87 points and was clo
Published 20 Oct, 2011 12:00am
ISE index down by 79.34 points

ISE index down by 79.34 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 79.34 points as the ISE Ten Index moved from 2,566.70 to 2487.36 p
Published 20 Oct, 2011 12:00am
ISE index down by 79.34 points

ISE index down by 79.34 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 79.34 points as the ISE Ten Index moved from 2,566.70 to 2487.36 p
Published 20 Oct, 2011 12:00am
China CNPC agrees oil deal in Afghanistan

China CNPC agrees oil deal in Afghanistan

Chinese state-owned oil giant China National Petroleum Corp (CNPC) has reached final agreement with the Afghan government to develop an oil field there, an Afghan mines ministry official told Reuters on Wednesday. Jalil Jumriany, policy director at the mi
Published 20 Oct, 2011 12:00am
China CNPC agrees oil deal in Afghanistan

China CNPC agrees oil deal in Afghanistan

Chinese state-owned oil giant China National Petroleum Corp (CNPC) has reached final agreement with the Afghan government to develop an oil field there, an Afghan mines ministry official told Reuters on Wednesday. Jalil Jumriany, policy director at the mi
Published 20 Oct, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 20 Oct, 2011 12:00am
China CNPC agrees oil deal in Afghanistan

China CNPC agrees oil deal in Afghanistan

Chinese state-owned oil giant China National Petroleum Corp (CNPC) has reached final agreement with the Afghan government to develop an oil field there, an Afghan mines ministry official told Reuters on Wednesday. Jalil Jumriany, policy director at the mi
Published 20 Oct, 2011 12:00am
Goldman sets up $2 billion Islamic bond programme

Goldman sets up $2 billion Islamic bond programme

Goldman Sachs has registered a $2 billion Islamic bond programme, providing further evidence of conventional borrowers looking to sharia-complaint funding sources as market volatility makes raising debt finance more difficult. The investment bank has set
Published 20 Oct, 2011 12:00am
Goldman sets up $2 billion Islamic bond programme

Goldman sets up $2 billion Islamic bond programme

Goldman Sachs has registered a $2 billion Islamic bond programme, providing further evidence of conventional borrowers looking to sharia-complaint funding sources as market volatility makes raising debt finance more difficult. The investment bank has set
Published 20 Oct, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 20 Oct, 2011 12:00am
Goldman sets up $2 billion Islamic bond programme

Goldman sets up $2 billion Islamic bond programme

Goldman Sachs has registered a $2 billion Islamic bond programme, providing further evidence of conventional borrowers looking to sharia-complaint funding sources as market volatility makes raising debt finance more difficult. The investment bank has set
Published 20 Oct, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Oct, 2011 12:00am
Goldman sets up $2 billion Islamic bond programme

Goldman sets up $2 billion Islamic bond programme

Goldman Sachs has registered a $2 billion Islamic bond programme, providing further evidence of conventional borrowers looking to sharia-complaint funding sources as market volatility makes raising debt finance more difficult. The investment bank has set
Published 20 Oct, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 20 Oct, 2011 12:00am
PAF aircraft crashes, pilot killed

PAF aircraft crashes, pilot killed

A PAF Mirage-V aircraft crashed on Wednesday due to technical malfunction near Uthal, Balochistan while on a routine operational training mission. According to PAF officials, the pilot embraced Shahadat. No loss of civilian life or property has been repor
Published 20 Oct, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Oct, 2011 12:00am
PAF aircraft crashes, pilot killed

PAF aircraft crashes, pilot killed

A PAF Mirage-V aircraft crashed on Wednesday due to technical malfunction near Uthal, Balochistan while on a routine operational training mission. According to PAF officials, the pilot embraced Shahadat. No loss of civilian life or property has been repor
Published 20 Oct, 2011 12:00am
Banks restrained from charging service fee on cash handling

Banks restrained from charging service fee on cash handling

The State Bank of Pakistan (SBP) has prohibited all banks from recovery of any service charges on cash handling/sorting at the time of acceptance of cash deposits at the counters from depositors. Further, the banks will neither refuse such services nor re
Published 20 Oct, 2011 12:00am
Banks restrained from charging service fee on cash handling

Banks restrained from charging service fee on cash handling

The State Bank of Pakistan (SBP) has prohibited all banks from recovery of any service charges on cash handling/sorting at the time of acceptance of cash deposits at the counters from depositors. Further, the banks will neither refuse such services nor re
Published 20 Oct, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am
Banks restrained from charging service fee on cash handling

Banks restrained from charging service fee on cash handling

The State Bank of Pakistan (SBP) has prohibited all banks from recovery of any service charges on cash handling/sorting at the time of acceptance of cash deposits at the counters from depositors. Further, the banks will neither refuse such services nor re
Published 20 Oct, 2011 12:00am
Appeals against wage award Dismissed

Appeals against wage award Dismissed

The Supreme Court has rejected All Pakistan Newspaper Society (APNS) appeals filed against the Sindh High Court decision on 7th Wage Board Award and declared Newspaper Employees (Conditions of Service) Act, 1973 [NECOSA] intra vires (within the legal powe
Published 20 Oct, 2011 12:00am
Appeals against wage award Dismissed

Appeals against wage award Dismissed

The Supreme Court has rejected All Pakistan Newspaper Society (APNS) appeals filed against the Sindh High Court decision on 7th Wage Board Award and declared Newspaper Employees (Conditions of Service) Act, 1973 [NECOSA] intra vires (within the legal powe
Published 20 Oct, 2011 12:00am
Intel offers laptop loans in Pakistan

Intel offers laptop loans in Pakistan

Intel Corp is working with Pakistan Islamic bank Meezan to offer a large-scale hire-purchase scheme for personal computers as the technology company seeks to increase its market share in the country, a senior official of the Bank said on Wednesday. "In fo
Published 20 Oct, 2011 12:00am
Intel offers laptop loans in Pakistan

Intel offers laptop loans in Pakistan

Intel Corp is working with Pakistan Islamic bank Meezan to offer a large-scale hire-purchase scheme for personal computers as the technology company seeks to increase its market share in the country, a senior official of the Bank said on Wednesday. "In fo
Published 20 Oct, 2011 12:00am
THE RUPEE: all-round slides

THE RUPEE: all-round slides

All-round decline was seen on the currency market on Wednesday as the rupee failed to retain its overnight gains versus dollar and euro, dealers said. The rupee depreciated in terms of dollar, losing nine paisa for buying at 86.69 and shed 10 paisa for se
Published 20 Oct, 2011 12:00am
Intel offers laptop loans in Pakistan

Intel offers laptop loans in Pakistan

Intel Corp is working with Pakistan Islamic bank Meezan to offer a large-scale hire-purchase scheme for personal computers as the technology company seeks to increase its market share in the country, a senior official of the Bank said on Wednesday. "In fo
Published 20 Oct, 2011 12:00am
THE RUPEE: all-round slides

THE RUPEE: all-round slides

All-round decline was seen on the currency market on Wednesday as the rupee failed to retain its overnight gains versus dollar and euro, dealers said. The rupee depreciated in terms of dollar, losing nine paisa for buying at 86.69 and shed 10 paisa for se
Published 20 Oct, 2011 12:00am
FBR won't ask for break-up of other personal expenses

FBR won't ask for break-up of other personal expenses

Fulfilling a major demand of taxpayers, the Federal Board of Revenue on Wednesday decided not to ask for break-up of other personal and household expenses in the form of repair/maintenance of residence, driver/servants, food, clothing, medical, marriages
Published 20 Oct, 2011 12:00am
FBR won't ask for break-up of other personal expenses

FBR won't ask for break-up of other personal expenses

Fulfilling a major demand of taxpayers, the Federal Board of Revenue on Wednesday decided not to ask for break-up of other personal and household expenses in the form of repair/maintenance of residence, driver/servants, food, clothing, medical, marriages
Published 20 Oct, 2011 12:00am
FBR won''t ask for break-up of other personal expenses

FBR won''t ask for break-up of other personal expenses

Fulfilling a major demand of taxpayers, the Federal Board of Revenue on Wednesday decided not to ask for break-up of other personal and household expenses in the form of repair/maintenance of residence, driver/servants, food, clothing, medical, marriages
Published 20 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am
PSO receivables, payables reach Rs 307.5 billion mark

PSO receivables, payables reach Rs 307.5 billion mark

Total of receivables and payables of the Pakistan State Oil''s (PSO) have reached Rs 307.5 billion. Out of this, Rs 155.5 billion are receivables and Rs 152 billion are payables.
Published 20 Oct, 2011 12:00am
Nuclear, biological weapons: government notifies revised control lists

Nuclear, biological weapons: government notifies revised control lists

The Government of Pakistan has notified revised control lists related to nuclear and biological weapons and their delivery systems, pursuant to the Export Control Act of 2004. As part of the regular review process, the Strategic Export Control Division of
Published 20 Oct, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 19, 2011).

Published 20 Oct, 2011 12:00am
'Government focussing on modernising Pakistan Navy'

'Government focussing on modernising Pakistan Navy'

Chief of Naval Staff, Admiral Asif Sandila, called on Federal Defence Minister, Chaudhry Ahmad Mukhtar, in his office here on Wednesday. He remained for some time with the minister and discussed the operational and professional matters of Pakistan Navy. C
Published 20 Oct, 2011 12:00am
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