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Archive - 2011-11-03
Pakistan Culture exhibition opens
Arts

Pakistan Culture exhibition opens

BEIJING: The party secretary of Chinese Ministry of Culture Zhang Aiping said on Thursday that the 2011 has 'great and h
Published 03 Nov, 2011 02:42pm
KSE suspends trading
Markets

KSE suspends trading

KARACHI : Karachi Stock Exchange (KSE) has suspended trading in the shares of five securities from November 7, 2011
Published 03 Nov, 2011 02:28pm
Gilani approves appointments
Pakistan

Gilani approves appointments

ISLAMABAD : Prime Minister Syed Yusuf Raza Gilani on Thursday approved appointments of two BS 21 and 22 officers. A s
Published 03 Nov, 2011 02:02pm
Forex reserves further dwindle
Top News

Forex reserves further dwindle

KARACHI: The foreign exchange reserves of the country dwindled by dollars 54 million to dollars 17.146 billion a week ba
Published 03 Nov, 2011 01:58pm
SEC conducting broad review of MF Global
Top News

SEC conducting broad review of MF Global

WASHINGTON: Chairman Mary Schapiro said on Thursday that US Securities and Exchange Commission are conducting a broad re
Published 03 Nov, 2011 01:15pm
Rs.190mn NAB recover misused amount
Top News

Rs.190mn NAB recover misused amount

PESHAWAR: The National Accountability Bureau (NAB) of Khyber Pakhtunkhwa accomplished to deposit Rs.190 million embezzle
Published 03 Nov, 2011 12:15pm
Gold up at Rs48,086 per 10 grams
Top News

Gold up at Rs48,086 per 10 grams

KARACHI : Gold moved up by Rs86 to close at Rs48,086 per 10 grams in the local market Thursday, as its international pri
Published 03 Nov, 2011 12:15pm
BoK opens branch in Sarai Naurang
Top News

BoK opens branch in Sarai Naurang

RECORDER REPORT PESHAWAR : The Bank of Khyber (BoK) has launched 'Raast Islamic Banking' in Sarai Naurang, district L
Published 03 Nov, 2011 11:28am
Index sheds 16.63 points
Markets

Index sheds 16.63 points

RECORDER REPORT KARACHI: The Karachi share market on Wednesday witnessed mixed trend with the KSE-100 index oscillati
Published 03 Nov, 2011 08:50am
Cabinet grants MFN status to India
Top News

Cabinet grants MFN status to India

ZAHEER ABBASI ISLAMABAD: The federal cabinet on Wednesday approved a proposal granting India the much-talked about 'M
Published 03 Nov, 2011 05:10am
China's Hu says Europe must solve crisis
Top News

China's Hu says Europe must solve crisis

BEIJING: Chinese President Hu Jintao told his French counterpart Nicolas Sarkozy that Europe was mostly responsible for
Published 03 Nov, 2011 04:54am
Spot fixing - the wake-up call
BR Research

Spot fixing - the wake-up call

A former cricket captain held a huge show in Lahore, one which was termed to be a potential game-changer as it focused on eradicating corrup
Published 03 Nov, 2011 12:00am
Bumbling start of Rabi season
BR Research

Bumbling start of Rabi season

It is that time of the year in Pakistan when the farming community says goodbye to the Kharif season and embraces the Rabi season. Growers p
Published 03 Nov, 2011 12:00am
Australian shares down

Australian shares down

Australian shares fell 1.1 percent on Wednesday to a near two-week low on fresh uncertainty over Europe's debt crisis on worries Greek voters may vote down the bailout plan hailed just a week ago. There was little positive news to shore up the market, wit
Published 03 Nov, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks ended 0.31 percent lower on Wednesday, joining regional peers amid concern that Europe's debt rescue plan may fall apart, with banks the hardest hit. The main TAIEX index ended down 23.56 points at 7,598.45, retreating from a two-month closi
Published 03 Nov, 2011 12:00am
Hong Kong, China stocks rise

Hong Kong, China stocks rise

Hong Kong shares staged a rebound on Wednesday, paring this week's losses as strength in mainland markets spurred buying in Chinese banks and exchange traded funds. Although traders at two large brokerages in Hong Kong said their order books were skewed i
Published 03 Nov, 2011 12:00am
Southeast Asian markets: Singapore, Indonesia, Thailand rebound

Southeast Asian markets: Singapore, Indonesia, Thailand rebound

The main Southeast Asian stock markets clawed higher on Wednesday as quarterly results and optimism about interest rates lifted banks, with hopes growing that the US Federal Reserve may consider further measures to revive the economy. Late buying helped r
Published 03 Nov, 2011 12:00am
Indian shares slip

Indian shares slip

Indian shares closed 0.09 percent lower in choppy Wednesday trade, as Greece referendum talks and a contraction in German manufacturing stoked risk aversion, erasing early local gains from bargain buying following a two-day fall. Investors largely preferr
Published 03 Nov, 2011 12:00am
Treasuries keep climbing

Treasuries keep climbing

US Treasuries prices climbed for a third straight day on Tuesday as worries that a eurozone plan reached last week would not resolve the region's debt crisis fuelled safe-haven buying of US government debt. Benchmark 10-year Treasury note yields fell belo
Published 03 Nov, 2011 12:00am
Treasuries keep climbing

Treasuries keep climbing

US Treasuries prices climbed for a third straight day on Tuesday as worries that a eurozone plan reached last week would not resolve the region's debt crisis fuelled safe-haven buying of US government debt. Benchmark 10-year Treasury note yields fell belo
Published 03 Nov, 2011 12:00am
Seoul shares down

Seoul shares down

Seoul shares ended down 0.6 percent on Wednesday, hit by renewed fears about Greece, but firm gains in automakers and nuclear power-related firms including Hyundai Motor and KEPCO Engineering & Construction helped trim falls. Foreign investors were seller
Published 03 Nov, 2011 12:00am
US stocks tumble

US stocks tumble

US stocks tumbled on Tuesday after investors were blindsided by a surprise call for a Greek referendum on an EU bailout plan, casting doubt on the sustainability of the recent market rally. The S&P 500 has slid more than 5 percent so far this week in move
Published 03 Nov, 2011 12:00am
Wednesday's afternoon trade: stocks rebound

Wednesday's afternoon trade: stocks rebound

US stocks rebounded after two days of losses on Wednesday, aided by upbeat job market data and a slightly optimistic economic outlook from the Federal Reserve. The Fed left interest-rate policy on hold and offered a moderately brighter economic outlook bu
Published 03 Nov, 2011 12:00am
Nikkei falls over two percent

Nikkei falls over two percent

The Nikkei share average fell more than 2 percent on Wednesday to a three-week low on resurgent fears over the eurozone's debt woes, after Greece's surprise call for a referendum threatened to scupper a bailout plan aimed at containing the crisis. Some in
Published 03 Nov, 2011 12:00am
Saudi index up ahead of holidays

Saudi index up ahead of holidays

Saudi Arabia and Qatar's markets closed higher on Wednesday, supported by gains in world stocks and higher oil prices ahead of a Federal Reserve meeting that may hint at more monetary easing, while other Gulf markets slipped. Saudi Basic Industries Corp (
Published 03 Nov, 2011 12:00am
France, Germany demand quick Greek decision on euro

France, Germany demand quick Greek decision on euro

Germany and France told Greece on Wednesday to make up its mind fast whether it wants to stay in the eurozone after a shock decision to call a referendum on a 130 billion euro ($178 billion) bailout sparked panic on global markets. French President Nicola
Published 03 Nov, 2011 12:00am
EU won't accept reversals on bloc decisions: Juncker

EU won't accept reversals on bloc decisions: Juncker

Jean-Claude Juncker, chairman of the Eurogroup of finance ministers, said on Wednesday that the eurozone would not accept member states backing away from decisions made jointly at last week's summit. "A week ago, 17 of us took decisions together. We will
Published 03 Nov, 2011 12:00am
German jobless rises first time in nearly two years

German jobless rises first time in nearly two years

Unemployment in Germany unexpectedly rose in October, the first increase since early 2010, data showed on Wednesday, compounding fears about the effects of a slowdown in Europe's biggest economy. The seasonally adjusted figures from the Federal Labour Off
Published 03 Nov, 2011 12:00am
Cable TV drives results at Time Warner, Comcast

Cable TV drives results at Time Warner, Comcast

Comcast Corp and Time Warner Inc reported stronger quarterly results on Wednesday, confirming that it pays to have a solid lineup of cable networks - at least while advertisers keep spending. Against all odds, advertisers continue to scoop up commercial t
Published 03 Nov, 2011 12:00am
EU investigates Russia, Turkey exports of pipeline fittings

EU investigates Russia, Turkey exports of pipeline fittings

The European Union has started an investigation on whether iron and steel fittings for industrial tubes and pipes from Russia and Turkey are being sold at illegally low prices and whether this is damaging EU producers. The case, prompted by a complaint by
Published 03 Nov, 2011 12:00am
China says it hopes EU will stick to bailout plan

China says it hopes EU will stick to bailout plan

China said Wednesday it hopes Europe will stick to a bailout plan reached at last week's debt crisis summit, after Greece called a surprise national referendum on the deal. World markets have plunged after the shock announcement that Athens will hold a vo
Published 03 Nov, 2011 12:00am
Kuwait's top Islamic bank profits fall

Kuwait's top Islamic bank profits fall

Kuwait Finance House, the emirate's leading Islamic bank, said Wednesday its net profits dropped in the third quarter and first nine months of 2011. KFH's third quarter net profit fell 4.5 percent from the same period a year ago to $92.1 million, the bank
Published 03 Nov, 2011 12:00am
Kuwait's top Islamic bank profits fall

Kuwait's top Islamic bank profits fall

Kuwait Finance House, the emirate's leading Islamic bank, said Wednesday its net profits dropped in the third quarter and first nine months of 2011. KFH's third quarter net profit fell 4.5 percent from the same period a year ago to $92.1 million, the bank
Published 03 Nov, 2011 12:00am
US private sector adds jobs, layoffs slow

US private sector adds jobs, layoffs slow

US private employers added more jobs than expected last month, though the lack of robust labour market growth reinforced the US Federal Reserve's expectations for moderate economic growth. The ADP National Employment Report showed on Wednesday the economy
Published 03 Nov, 2011 12:00am
BoJ supplies dollars in rare move, warns on markets

BoJ supplies dollars in rare move, warns on markets

The Bank of Japan supplied dollars in market operations on Wednesday for the first time in more than a year, a sign of the global market strains that board member Sayuri Shirai separately said could push the yen higher again. Dollar funding has become inc
Published 03 Nov, 2011 12:00am
World's manufacturing stagnates

World's manufacturing stagnates

The world's manufacturing economy stagnated in October with the crisis-wracked eurozone by far the worst performing region, according to a business survey that showed new export orders declining at the fastest pace in almost two-and-a-half years. The J.P.
Published 03 Nov, 2011 12:00am
Chinese and Russian firms fare worst in bribery index

Chinese and Russian firms fare worst in bribery index

Chinese and Russian firms are the most likely to pay bribes while operating abroad, and the most corrupt sectors are public works contracts and construction, according to Transparency International's latest "Bribe Payers' index". China and Russia rank bot
Published 03 Nov, 2011 12:00am
Indian banks risk tripping over loans to power distributors

Indian banks risk tripping over loans to power distributors

Indian banks are staring at the prospect of restructuring loans to loss-making state electricity boards in order to stave off defaults. State-run Punjab National Bank gave fresh long-term loans to pay off short-term debt to help a financially troubled dis
Published 03 Nov, 2011 12:00am
Romania central bank surprises with rate cut

Romania central bank surprises with rate cut

Romania's central bank made the first interest rate cut in an emerging European Union country since May 2010, surprising markets with a quarter point easing as it tries to support a struggling economy. Policymakers across central Europe are having to trea
Published 03 Nov, 2011 12:00am
China railways ministry to get 200 billion yuan

China railways ministry to get 200 billion yuan

China's cash-strapped railways ministry will receive 200 billion yuan ($31.5 billion) in financial support to help fund projects, the official Xinhua news agency said Tuesday. The ministry is sinking under a mountain of debt after borrowing heavily to fin
Published 03 Nov, 2011 12:00am
Swiss manufacturing activity sinks to two-year low

Swiss manufacturing activity sinks to two-year low

Manufacturing activity in Switzerland slowed to its weakest in more than two years in October, an index showed, a sign the economy is struggling to cope with the Swiss franc's level despite the central bank's cap. The Swiss purchasing managers' index fell
Published 03 Nov, 2011 12:00am
Libya revolution opens door for Islamic finance

Libya revolution opens door for Islamic finance

Libya's civil war devastated its economy and banking system. But the revolution has created conditions for strong growth of an industry, which made little headway under former dictator Muammar Qadhafi: Islamic finance. Announcing the country's liberation
Published 03 Nov, 2011 12:00am
Argentina to review energy subsidies

Argentina to review energy subsidies

Argentina said on Wednesday it will review its popular energy subsidies for possible reductions, as the commodities-exporting country faces a more difficult world economic situation in the months ahead. The announcement - concerning billions of dollars in
Published 03 Nov, 2011 12:00am
Bank of Canada rejects jobless targets in mandate

Bank of Canada rejects jobless targets in mandate

Bank of Canada Governor Mark Carney dismissed the idea on Tuesday of the central bank targeting employment as well as inflation in its mandate, as the US Federal Reserve does, saying that trying to do both can backfire. Nonetheless, Carney - a front-runne
Published 03 Nov, 2011 12:00am
Oil cake market rates

Oil cake market rates

December vaida was slightly higher while the January contract was unchanged on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The December contract that had ended at Rs 1307.70 commenced with a gain of 10 paisa at
Published 03 Nov, 2011 12:00am
HRW wheat bids steady

HRW wheat bids steady

Hard red winter wheat basis bids were steady on Wednesday as country movement remained slow and demand held firm. Mill demand stayed strong with particular interest in higher-protein wheat supplies. Protein premiums for railcar wheat to and through Kansas
Published 03 Nov, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 88,295 tonnes of cargo comprising 56,722 tonnes of import cargo and 31,573 tonnes of export cargo including 4,023 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 56,722 to
Published 03 Nov, 2011 12:00am
Indonesia's cocoa exports slump for eighth month in October

Indonesia's cocoa exports slump for eighth month in October

Cocoa bean exports from Indonesia's main growing island of Sulawesi dived for the eighth consecutive month in October, and analysts said on Wednesday the trend is unlikely to improve as the country enters its rainy season. The world's third-largest cocoa
Published 03 Nov, 2011 12:00am
China's weekly feed wheat sales highest over healthy demand

China's weekly feed wheat sales highest over healthy demand

China's feed mills have bought the highest volume of feed-grade wheat since March at weekly state sales after a jump in domestic wheat prices, reflecting healthy demand from animal feed producers. Despite big state sales, feed mills are likely to reduce u
Published 03 Nov, 2011 12:00am
Activity seen slowing down on grain market

Activity seen slowing down on grain market

Slow business was seen on wholesale grain market on Wednesday due to transport problems, dealers said. On the rice sector Irri-6 Sindh low type retained its overnight level at Rs 3050 while the best quality was higher by Rs 50 to Rs 3100 due to slight inc
Published 03 Nov, 2011 12:00am
Vietnam's coffee prices fall to nine-month low

Vietnam's coffee prices fall to nine-month low

Domestic coffee prices in Vietnam fell to between 38.5 million dong and 39.5 million dong ($1,833-$1,881) a tonne on Tuesday, the lowest in more than nine months, in line with global market trends, traders said. The low price also comes before the harvest
Published 03 Nov, 2011 12:00am
Bangladesh tea prices steady

Bangladesh tea prices steady

Tea prices in Bangladesh were steady at this week's sale after falling over the previous seven weeks, while the amount sold rose, brokers said on Wednesday. The average price of Bangladeshi tea inched down to 142.76 taka ($1.9) per kg on Tuesday against 1
Published 03 Nov, 2011 12:00am
New York cotton

New York cotton

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

Published 03 Nov, 2011 12:00am
New York cotton

New York cotton

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

Published 03 Nov, 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 03 Nov, 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 03 Nov, 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 Wednesday (November 02, 2011).

Published 03 Nov, 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 Wednesday (November 02, 2011).

Published 03 Nov, 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 Wednesday (November 02, 2011).

Published 03 Nov, 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 Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 02, 2011).
Published 03 Nov, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
Pakistan, Afghanistan to launch biometric system on border

Pakistan, Afghanistan to launch biometric system on border

Pakistan and Afghanistan on Wednesday decided to launch bio-metric system at their border from the last week of November this year. In a meeting held here Minister for Interior, Rehman Malik and his Afghan counterpart, Bismillah Khan Muhammadi agreed that
Published 03 Nov, 2011 12:00am
Pakistan, Afghanistan to launch biometric system on border

Pakistan, Afghanistan to launch biometric system on border

Pakistan and Afghanistan on Wednesday decided to launch bio-metric system at their border from the last week of November this year. In a meeting held here Minister for Interior, Rehman Malik and his Afghan counterpart, Bismillah Khan Muhammadi agreed that
Published 03 Nov, 2011 12:00am
Karzai seeks aid in fight against 'terror' on Afghan soil

Karzai seeks aid in fight against 'terror' on Afghan soil

Afghan President Hamid Karzai warned Wednesday that there would be no hope for peace in his war-ravaged nation without help from its neighbours to combat "terror groups". "Terrorist networks are by far the major threat to Afghanistan's security," Karzai s
Published 03 Nov, 2011 12:00am
Karzai seeks aid in fight against 'terror' on Afghan soil

Karzai seeks aid in fight against 'terror' on Afghan soil

Afghan President Hamid Karzai warned Wednesday that there would be no hope for peace in his war-ravaged nation without help from its neighbours to combat "terror groups". "Terrorist networks are by far the major threat to Afghanistan's security," Karzai s
Published 03 Nov, 2011 12:00am
14 countries agree to cooperate on Afghan future

14 countries agree to cooperate on Afghan future

Fourteen countries including neighbours China, Pakistan and India agreed Wednesday at an international conference to cooperate in building the future of war-torn Afghanistan, a Turkish diplomat said. "An agreement was reached at a technical level," said t
Published 03 Nov, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
14 countries agree to cooperate on Afghan future

14 countries agree to cooperate on Afghan future

Fourteen countries including neighbours China, Pakistan and India agreed Wednesday at an international conference to cooperate in building the future of war-torn Afghanistan, a Turkish diplomat said. "An agreement was reached at a technical level," said t
Published 03 Nov, 2011 12:00am
Fed on US monetary policy

Fed on US monetary policy

The US Federal Reserve left monetary policy on hold on Wednesday and offered a moderately brighter economic outlook, but it flagged risks to growth that appeared to leave open the door for further easing. While the US central bank offered no direct hints
Published 03 Nov, 2011 12:00am
Fed on US monetary policy

Fed on US monetary policy

The US Federal Reserve left monetary policy on hold on Wednesday and offered a moderately brighter economic outlook, but it flagged risks to growth that appeared to leave open the door for further easing. While the US central bank offered no direct hints
Published 03 Nov, 2011 12:00am
Fed on US monetary policy

Fed on US monetary policy

The US Federal Reserve left monetary policy on hold on Wednesday and offered a moderately brighter economic outlook, but it flagged risks to growth that appeared to leave open the door for further easing. While the US central bank offered no direct hints
Published 03 Nov, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
Gas load-management: plan approved by ministry

Gas load-management: plan approved by ministry

The Ministry of Petroleum and Natural Resources on Wednesday approved a gas load management plan for the upcoming winter season. A high-level meeting was held here to finalise the gas load-management plan with Dr Asim Hussain Minister for Petroleum and Na
Published 03 Nov, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
Gas load-management: plan approved by ministry

Gas load-management: plan approved by ministry

The Ministry of Petroleum and Natural Resources on Wednesday approved a gas load management plan for the upcoming winter season. A high-level meeting was held here to finalise the gas load-management plan with Dr Asim Hussain Minister for Petroleum and Na
Published 03 Nov, 2011 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
Gas load-management: plan approved by ministry

Gas load-management: plan approved by ministry

The Ministry of Petroleum and Natural Resources on Wednesday approved a gas load management plan for the upcoming winter season. A high-level meeting was held here to finalise the gas load-management plan with Dr Asim Hussain Minister for Petroleum and Na
Published 03 Nov, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
Cabinet grants MFN status to India

Cabinet grants MFN status to India

The federal cabinet on Wednesday approved a proposal granting India the much-talked about 'Most-Favoured Nation' (MFN) status in a move towards normalising trade relations between New Delhi and Islamabad.
Published 03 Nov, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
Cabinet grants MFN status to India

Cabinet grants MFN status to India

The federal cabinet on Wednesday approved a proposal granting India the much-talked about 'Most-Favoured Nation' (MFN) status in a move towards normalising trade relations between New Delhi and Islamabad.
Published 03 Nov, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (November 02, 2011).

Published 03 Nov, 2011 12:00am
Cabinet grants MFN status to India

Cabinet grants MFN status to India

The federal cabinet on Wednesday approved a proposal granting India the much-talked about ''Most-Favoured Nation'' (MFN) status in a move towards normalising trade relations between New Delhi and Islamabad.
Published 03 Nov, 2011 12:00am
Safta 'sensitive list': 20 percent reduction approved

Safta 'sensitive list': 20 percent reduction approved

The Cabinet on Wednesday approved a 20 percent reduction (233 tariff lines) in sensitive list for South Asian Free Trade Area (Safta) which, according to the Commerce Ministry, will earn goodwill for the country. Saarc member states signed Safta during th
Published 03 Nov, 2011 12:00am
Safta 'sensitive list': 20 percent reduction approved

Safta 'sensitive list': 20 percent reduction approved

The Cabinet on Wednesday approved a 20 percent reduction (233 tariff lines) in sensitive list for South Asian Free Trade Area (Safta) which, according to the Commerce Ministry, will earn goodwill for the country. Saarc member states signed Safta during th
Published 03 Nov, 2011 12:00am
Safta ''sensitive list'': 20 percent reduction approved

Safta ''sensitive list'': 20 percent reduction approved

The Cabinet on Wednesday approved a 20 percent reduction (233 tariff lines) in sensitive list for South Asian Free Trade Area (Safta) which, according to the Commerce Ministry, will earn goodwill for the country. Saarc member states signed Safta during th
Published 03 Nov, 2011 12:00am
Index sheds 16.63 points

Index sheds 16.63 points

The Karachi share market on Wednesday witnessed mixed trend with the KSE-100 index oscillating between 11,814.97 points intra-day high and 11,634.78 points intra-day low. The index closed at 11,746.09 points, down 16.63 points. Trading remained low and th
Published 03 Nov, 2011 12:00am
Index sheds 16.63 points

Index sheds 16.63 points

The Karachi share market on Wednesday witnessed mixed trend with the KSE-100 index oscillating between 11,814.97 points intra-day high and 11,634.78 points intra-day low. The index closed at 11,746.09 points, down 16.63 points. Trading remained low and th
Published 03 Nov, 2011 12:00am
Index sheds 16.63 points

Index sheds 16.63 points

The Karachi share market on Wednesday witnessed mixed trend with the KSE-100 index oscillating between 11,814.97 points intra-day high and 11,634.78 points intra-day low. The index closed at 11,746.09 points, down 16.63 points. Trading remained low and th
Published 03 Nov, 2011 12:00am
BRIndex30 down 96.34 points

BRIndex30 down 96.34 points

On Wednesday, the BRIndex30 opened at 9,100.60 points and remained in negative throughout the trading session. It touched the intra-day high of 9,076.73 points and low of 8,943.92 points and closed at 9,004.26 points with a net negative change of -96.34 p
Published 03 Nov, 2011 12:00am
BRIndex30 down 96.34 points

BRIndex30 down 96.34 points

On Wednesday, the BRIndex30 opened at 9,100.60 points and remained in negative throughout the trading session. It touched the intra-day high of 9,076.73 points and low of 8,943.92 points and closed at 9,004.26 points with a net negative change of -96.34 p
Published 03 Nov, 2011 12:00am
IPPs enjoy corporate tax exemption while RPPs don't: Pirzada

IPPs enjoy corporate tax exemption while RPPs don't: Pirzada

The Chief Justice of Pakistan on Wednesday observed that "we are cautiously saying that money has been pocketed in the award of RPPs contracts." A two-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry and Justice Khilji Arif Hussain has bee
Published 03 Nov, 2011 12:00am
IPPs enjoy corporate tax exemption while RPPs don't: Pirzada

IPPs enjoy corporate tax exemption while RPPs don't: Pirzada

The Chief Justice of Pakistan on Wednesday observed that "we are cautiously saying that money has been pocketed in the award of RPPs contracts." A two-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry and Justice Khilji Arif Hussain has bee
Published 03 Nov, 2011 12:00am
IPPs enjoy corporate tax exemption while RPPs don''t: Pirzada

IPPs enjoy corporate tax exemption while RPPs don''t: Pirzada

The Chief Justice of Pakistan on Wednesday observed that "we are cautiously saying that money has been pocketed in the award of RPPs contracts." A two-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry and Justice Khilji Arif Hussain has bee
Published 03 Nov, 2011 12:00am
French weekly firebombed after it commits sacrilegious act

French weekly firebombed after it commits sacrilegious act

A firebomb attack gutted the headquarters of French satirical weekly Charlie Hebdo on Wednesday after it committed a sacrilegious act of putting an image of the Holy Prophet Muhammad (peace be upon him) on its cover. The Paris prosecutor's office told Reu
Published 03 Nov, 2011 12:00am
Three-month MTBs cut-off yield down 9bps

Three-month MTBs cut-off yield down 9bps

The cut-off yield on the 3-month Pakistan Market Treasury Bills has declined by 9bps to 11.7825 percent. Similarly, the cut-off yield for 6-month Market Treasury Bills reduced by 8bps to 11.8070 percent while for 12-month the cut-off yield declined by 7bp
Published 03 Nov, 2011 12:00am
Three-month MTBs cut-off yield down 9bps

Three-month MTBs cut-off yield down 9bps

The cut-off yield on the 3-month Pakistan Market Treasury Bills has declined by 9bps to 11.7825 percent. Similarly, the cut-off yield for 6-month Market Treasury Bills reduced by 8bps to 11.8070 percent while for 12-month the cut-off yield declined by 7bp
Published 03 Nov, 2011 12:00am
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