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Archive - 2011-11-04
Gold ups at Rs 48,685
Markets

Gold ups at Rs 48,685

KARACHI: Gold jumped by Rs 599 to close at Rs 48,685 per 10 grams in the local market Friday, as its international price
Published 04 Nov, 2011 06:14pm
358 NBP branches to open on Saturdays
Top News

358 NBP branches to open on Saturdays

KARACHI: In all 358 branches of National Bank of Pakistan will be operating countrywide on Saturdays to ensure availabil
Published 04 Nov, 2011 04:41pm
Engineering goods export rises 75.25pc
Top News

Engineering goods export rises 75.25pc

ISLAMABAD: The export of engineering goods registered an increase of 75.25 percent during first quarter of current year
Published 04 Nov, 2011 03:19pm
India's Bharti profit dives 38pc
Top News

India's Bharti profit dives 38pc

NEW DELHI: India's biggest mobile phone operator Bharti Airtel on Friday announced a larger-than-expected 38 percent div
Published 04 Nov, 2011 08:08am
Senate session starts
Pakistan

Senate session starts

ISLAMABAD: The Session of the Upperr House of the Parliament started here on Friday at 10:55 am with the recitation from
Published 04 Nov, 2011 08:00am
Index gains 61.37 points
Markets

Index gains 61.37 points

RECORDER REPORT KARACHI: The KSE-100 index on Thursday increased by 61.37 points to close at 11,807.46 points on the
Published 04 Nov, 2011 06:57am
Senate body approves money bills
Top News

Senate body approves money bills

RECORDER REPORT ISLAMABAD: Senate Standing Committee on Finance approved on Thursday two money bills moved by the gov
Published 04 Nov, 2011 06:55am
IMF chief to visit Russia, China, Japan
Top News

IMF chief to visit Russia, China, Japan

WASHINGTON: International Monetary Fund chief Christine Lagarde has chosen Russia, China and Japan as the first countrie
Published 04 Nov, 2011 06:44am
G20 exporters to ease debt crisis hit
Top News

G20 exporters to ease debt crisis hit

CANNES: The world's top exporters led by China and Germany will attempt to stabilise a global economy knocked off kilter
Published 04 Nov, 2011 04:43am
Prosperity; or lack thereof
BR Research

Prosperity; or lack thereof

In 2011 Pakistan thrashed three countries in terms of prosperity as it stood at 107 out of the 110 countries. Thats what the Legatum prosper
Published 04 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 04 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 04 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 Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Another day of shame

Another day of shame

A British judge jailed disgraced former Pakistan cricket captain Salman Butt, two of his bowlers and their agent Thursday for their part in a fixing scandal which rocked the international game to its core. Butt, 27, looked aghast as he was handed a 30-mon
Published 04 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 Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Another day of shame

Another day of shame

A British judge jailed disgraced former Pakistan cricket captain Salman Butt, two of his bowlers and their agent Thursday for their part in a fixing scandal which rocked the international game to its core. Butt, 27, looked aghast as he was handed a 30-mon
Published 04 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 Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Court orders registration of criminal case against players

Court orders registration of criminal case against players

District and session judge here on Tuesday directed Station House Officer (SHO) Islam Pura to register a criminal case against Pakistani cricket stars Muhammad Amir, Salman Butt and Muhammad Asif involved in spot fixing case. The petitioner Zubair Balqan
Published 04 Nov, 2011 12:00am
Court orders registration of criminal case against players

Court orders registration of criminal case against players

District and session judge here on Tuesday directed Station House Officer (SHO) Islam Pura to register a criminal case against Pakistani cricket stars Muhammad Amir, Salman Butt and Muhammad Asif involved in spot fixing case. The petitioner Zubair Balqan
Published 04 Nov, 2011 12:00am
There was no need of RPPs if IPPs weren't ignored: CJP

There was no need of RPPs if IPPs weren't ignored: CJP

The Supreme Court was told on Thursday that the allegation of a Rs 50 billion payment to Rental Power Projects was baseless because only an amount of Rs 18 billion was disbursed to these projects from the national kitty.
Published 04 Nov, 2011 12:00am
There was no need of RPPs if IPPs weren't ignored: CJP

There was no need of RPPs if IPPs weren't ignored: CJP

The Supreme Court was told on Thursday that the allegation of a Rs 50 billion payment to Rental Power Projects was baseless because only an amount of Rs 18 billion was disbursed to these projects from the national kitty.
Published 04 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 Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
There was no need of RPPs if IPPs weren''t ignored: CJP

There was no need of RPPs if IPPs weren''t ignored: CJP

The Supreme Court was told on Thursday that the allegation of a Rs 50 billion payment to Rental Power Projects was baseless because only an amount of Rs 18 billion was disbursed to these projects from the national kitty.
Published 04 Nov, 2011 12:00am
Power tariff raised by Rs 1.77 per unit

Power tariff raised by Rs 1.77 per unit

National Electric Power Regulatory Authority (Nepra) on Thursday allowed power distribution companies (Discos) to increase power tariff by Rs 1.77 per unit across the board except those consumers who use up to 50 units per month. Nepra spokesman Syed Safe
Published 04 Nov, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (November 03, 2011).
Published 04 Nov, 2011 12:00am
Power tariff raised by Rs 1.77 per unit

Power tariff raised by Rs 1.77 per unit

National Electric Power Regulatory Authority (Nepra) on Thursday allowed power distribution companies (Discos) to increase power tariff by Rs 1.77 per unit across the board except those consumers who use up to 50 units per month. Nepra spokesman Syed Safe
Published 04 Nov, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Power tariff raised by Rs 1.77 per unit

Power tariff raised by Rs 1.77 per unit

National Electric Power Regulatory Authority (Nepra) on Thursday allowed power distribution companies (Discos) to increase power tariff by Rs 1.77 per unit across the board except those consumers who use up to 50 units per month. Nepra spokesman Syed Safe
Published 04 Nov, 2011 12:00am
Senate body approves money bills

Senate body approves money bills

Senate Standing Committee on Finance approved on Thursday two money bills moved by the government to generate Rs 38.390 billion during the current fiscal year through imposition of gas infrastructure development cess and petroleum levy on Liquefied Petrol
Published 04 Nov, 2011 12:00am
Senate body approves money bills

Senate body approves money bills

Senate Standing Committee on Finance approved on Thursday two money bills moved by the government to generate Rs 38.390 billion during the current fiscal year through imposition of gas infrastructure development cess and petroleum levy on Liquefied Petrol
Published 04 Nov, 2011 12:00am
Senate body approves money bills

Senate body approves money bills

Senate Standing Committee on Finance approved on Thursday two money bills moved by the government to generate Rs 38.390 billion during the current fiscal year through imposition of gas infrastructure development cess and petroleum levy on Liquefied Petrol
Published 04 Nov, 2011 12:00am
Pakistan recognises new Libyan government

Pakistan recognises new Libyan government

Pakistan on Thursday accorded formal recognition to the new government of Libya. Foreign Office Chairperson Tehmina Janjua told reporters here at the weekly briefing, "We recognise state and government of Libya." Wishing the people of Libya a prosperous f
Published 04 Nov, 2011 12:00am
Pakistan recognises new Libyan government

Pakistan recognises new Libyan government

Pakistan on Thursday accorded formal recognition to the new government of Libya. Foreign Office Chairperson Tehmina Janjua told reporters here at the weekly briefing, "We recognise state and government of Libya." Wishing the people of Libya a prosperous f
Published 04 Nov, 2011 12:00am
MFN status to India: Pakistan links implementation to removal of NTBs

MFN status to India: Pakistan links implementation to removal of NTBs

Pakistan has linked implementation of the Most Favoured Nation (MFN) status to India's removal of tariff and non-tariff barriers (NTBs), official sources told Business Recorder. "Federal Cabinet has just given a green signal to ink MFN status with
Published 04 Nov, 2011 12:00am
MFN status to India: Pakistan links implementation to removal of NTBs

MFN status to India: Pakistan links implementation to removal of NTBs

Pakistan has linked implementation of the Most Favoured Nation (MFN) status to India's removal of tariff and non-tariff barriers (NTBs), official sources told Business Recorder. "Federal Cabinet has just given a green signal to ink MFN status with
Published 04 Nov, 2011 12:00am
MFN status to India: Pakistan links implementation to removal of NTBs

MFN status to India: Pakistan links implementation to removal of NTBs

Pakistan has linked implementation of the Most Favoured Nation (MFN) status to India''s removal of tariff and non-tariff barriers (NTBs), official sources told Business Recorder. "Federal Cabinet has just given a green signal to ink MFN status with
Published 04 Nov, 2011 12:00am
Index gains 61.37 points

Index gains 61.37 points

The KSE-100 index on Thursday increased by 61.37 points to close at 11,807.46 points on the back of investor interest on available low levels in the oversold market. The market opened on a positive note and the index hit 11,863.23 points intra-day high le
Published 04 Nov, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Index gains 61.37 points

Index gains 61.37 points

The KSE-100 index on Thursday increased by 61.37 points to close at 11,807.46 points on the back of investor interest on available low levels in the oversold market. The market opened on a positive note and the index hit 11,863.23 points intra-day high le
Published 04 Nov, 2011 12:00am
Index gains 61.37 points

Index gains 61.37 points

The KSE-100 index on Thursday increased by 61.37 points to close at 11,807.46 points on the back of investor interest on available low levels in the oversold market. The market opened on a positive note and the index hit 11,863.23 points intra-day high le
Published 04 Nov, 2011 12:00am
BRIndex30 up 69.98 points

BRIndex30 up 69.98 points

On Thursday, BRIndex30 opened at 9,004.26 points and remained positive for most of the trading session except for a short term entry into negative. It touched an intraday high of 9,104.63 points and an intraday low of 8,995.42 points and closed at 9,074.2
Published 04 Nov, 2011 12:00am
BRIndex30 up 69.98 points

BRIndex30 up 69.98 points

On Thursday, BRIndex30 opened at 9,004.26 points and remained positive for most of the trading session except for a short term entry into negative. It touched an intraday high of 9,104.63 points and an intraday low of 8,995.42 points and closed at 9,074.2
Published 04 Nov, 2011 12:00am
PIA restructuring: no bail-out without roadmap, says Prime Minister

PIA restructuring: no bail-out without roadmap, says Prime Minister

Prime Minister Yousuf Raza Gilani has reportedly refused to inject Rs 20 billion in Pakistan International Airlines (PIA) without a clear roadmap for the national carrier's financial and administrative restructuring, it was reliably learnt.
Published 04 Nov, 2011 12:00am
PIA restructuring: no bail-out without roadmap, says Prime Minister

PIA restructuring: no bail-out without roadmap, says Prime Minister

Prime Minister Yousuf Raza Gilani has reportedly refused to inject Rs 20 billion in Pakistan International Airlines (PIA) without a clear roadmap for the national carrier's financial and administrative restructuring, it was reliably learnt.
Published 04 Nov, 2011 12:00am
PIA restructuring: no bail-out without roadmap, says Prime Minister

PIA restructuring: no bail-out without roadmap, says Prime Minister

Prime Minister Yousuf Raza Gilani has reportedly refused to inject Rs 20 billion in Pakistan International Airlines (PIA) without a clear roadmap for the national carrier''s financial and administrative restructuring, it was reliably learnt.
Published 04 Nov, 2011 12:00am
Railways: all non-productive sections to be closed down

Railways: all non-productive sections to be closed down

Prime Minister Syed Yousuf Raza Gilani has shown serious concern over the deteriorating condition of Pakistan Railways (PR) and directed the concerned authorities to take every possible measure to pull PR out of current crisis, sources revealed.
Published 04 Nov, 2011 12:00am
Railways: all non-productive sections to be closed down

Railways: all non-productive sections to be closed down

Prime Minister Syed Yousuf Raza Gilani has shown serious concern over the deteriorating condition of Pakistan Railways (PR) and directed the concerned authorities to take every possible measure to pull PR out of current crisis, sources revealed.
Published 04 Nov, 2011 12:00am
Railways: all non-productive sections to be closed down

Railways: all non-productive sections to be closed down

Prime Minister Syed Yousuf Raza Gilani has shown serious concern over the deteriorating condition of Pakistan Railways (PR) and directed the concerned authorities to take every possible measure to pull PR out of current crisis, sources revealed.
Published 04 Nov, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
US hails Pakistan's MFN status for India

US hails Pakistan's MFN status for India

The United States on Thursday hailed Pakistan's decision to grant most favoured nation status to India, calling it an example of co-operation throughout the wider South Asia Central Asia region that would help break down barriers and benefit all.
Published 04 Nov, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
US-India cooperation: Pentagon says no need for defence treaty

US-India cooperation: Pentagon says no need for defence treaty

The United States is gradually building security ties with India but there is no need for a formal defence treaty between the two countries as they can cooperate without any such agreement, the Pentagon said. "We have no plans on creating a special defenc
Published 04 Nov, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities moved both ways and finally ended in green zone amid marginally increased trading turnover. The LSE-25 index was slightly improved by 1.19 points and was closed at 31
Published 04 Nov, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities moved both ways and finally ended in green zone amid marginally increased trading turnover. The LSE-25 index was slightly improved by 1.19 points and was closed at 31
Published 04 Nov, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 33.31 points, as the Index moved from 2,594.83 to 2,628.
Published 04 Nov, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 33.31 points, as the Index moved from 2,594.83 to 2,628.
Published 04 Nov, 2011 12:00am
Annex-D in return form: expenditure details made optional: FBR

Annex-D in return form: expenditure details made optional: FBR

The Federal Board of Revenue has made it optional for the taxpayers to submit expenditures on education of children/spouse/self and foreign/local travelling under the Annex-D (Details of Personal Expenses for Individual) of the income tax return form for
Published 04 Nov, 2011 12:00am
Annex-D in return form: expenditure details made optional: FBR

Annex-D in return form: expenditure details made optional: FBR

The Federal Board of Revenue has made it optional for the taxpayers to submit expenditures on education of children/spouse/self and foreign/local travelling under the Annex-D (Details of Personal Expenses for Individual) of the income tax return form for
Published 04 Nov, 2011 12:00am
Annex-D in return form: expenditure details made optional: FBR

Annex-D in return form: expenditure details made optional: FBR

The Federal Board of Revenue has made it optional for the taxpayers to submit expenditures on education of children/spouse/self and foreign/local travelling under the Annex-D (Details of Personal Expenses for Individual) of the income tax return form for
Published 04 Nov, 2011 12:00am
G20 draft sets out action plan for growth

G20 draft sets out action plan for growth

G20 leaders meeting in southern France were finalising an action plan on Thursday to try and return the world economy to balanced growth and could also seek to ramp up the IMF's resources to help countries rocked by economic shocks. A draft communique see
Published 04 Nov, 2011 12:00am
G20 draft sets out action plan for growth

G20 draft sets out action plan for growth

G20 leaders meeting in southern France were finalising an action plan on Thursday to try and return the world economy to balanced growth and could also seek to ramp up the IMF's resources to help countries rocked by economic shocks. A draft communique see
Published 04 Nov, 2011 12:00am
G20 draft sets out action plan for growth

G20 draft sets out action plan for growth

G20 leaders meeting in southern France were finalising an action plan on Thursday to try and return the world economy to balanced growth and could also seek to ramp up the IMF''s resources to help countries rocked by economic shocks. A draft communique se
Published 04 Nov, 2011 12:00am
India to open bids for $11 billion fighter jets deal

India to open bids for $11 billion fighter jets deal

The Indian government will open bids on Friday for a $11 billion contract to buy fighter jets for India's air force, a defence ministry source said, moving closer to awarding one of the world's biggest arms contracts to one of two European groups.
Published 04 Nov, 2011 12:00am
India to open bids for $11 billion fighter jets deal

India to open bids for $11 billion fighter jets deal

The Indian government will open bids on Friday for a $11 billion contract to buy fighter jets for India's air force, a defence ministry source said, moving closer to awarding one of the world's biggest arms contracts to one of two European groups.
Published 04 Nov, 2011 12:00am
India to open bids for $11 billion fighter jets deal

India to open bids for $11 billion fighter jets deal

The Indian government will open bids on Friday for a $11 billion contract to buy fighter jets for India''s air force, a defence ministry source said, moving closer to awarding one of the world''s biggest arms contracts to one of two European groups.
Published 04 Nov, 2011 12:00am
India to open bids for $11 billion fighter jets deal

India to open bids for $11 billion fighter jets deal

The Indian government will open bids on Friday for a $11 billion contract to buy fighter jets for India''''s air force, a defence ministry source said, moving closer to awarding one of the world''''s biggest arms contracts to one of two European groups.
Published 04 Nov, 2011 12:00am
Foreign reserves decline

Foreign reserves decline

The total liquid foreign reserves held by the country stood at $17,146.3 million on October 28, 2011 from $17,209.3 million on October 21, 2011. The foreign reserves held by the State Bank of Pakistan reduced to $13,409.3 million on October 28 from $13,44
Published 04 Nov, 2011 12:00am
Foreign reserves decline

Foreign reserves decline

The total liquid foreign reserves held by the country stood at $17,146.3 million on October 28, 2011 from $17,209.3 million on October 21, 2011. The foreign reserves held by the State Bank of Pakistan reduced to $13,409.3 million on October 28 from $13,44
Published 04 Nov, 2011 12:00am
Foreign reserves decline

Foreign reserves decline

The total liquid foreign reserves held by the country stood at $17,146.3 million on October 28, 2011 from $17,209.3 million on October 21, 2011. The foreign reserves held by the State Bank of Pakistan reduced to $13,409.3 million on October 28 from $13,44
Published 04 Nov, 2011 12:00am
Tax payment date extended up to November 21

Tax payment date extended up to November 21

Taking a major step to facilitate business and trade, the Federal Board of Revenue has allowed taxpayers to pay tax along with their income tax returns up to November 21, 2011. Sources told Business Recorder here on Thursday the FBR will issue an i
Published 04 Nov, 2011 12:00am
Tax payment date extended up to November 21

Tax payment date extended up to November 21

Taking a major step to facilitate business and trade, the Federal Board of Revenue has allowed taxpayers to pay tax along with their income tax returns up to November 21, 2011. Sources told Business Recorder here on Thursday the FBR will issue an i
Published 04 Nov, 2011 12:00am
Tax payment date extended up to November 21

Tax payment date extended up to November 21

Taking a major step to facilitate business and trade, the Federal Board of Revenue has allowed taxpayers to pay tax along with their income tax returns up to November 21, 2011. Sources told Business Recorder here on Thursday the FBR will issue an i
Published 04 Nov, 2011 12:00am
Greek Prime Minister says ready to drop referendum

Greek Prime Minister says ready to drop referendum

Greek Prime Minister George Papandreou Thursday said he was ready to scrap plans for a referendum on an EU bailout plan, as top European leaders continued to pile the pressure on the embattled leader. As Finance Minister Evangelos Venizelos cautioned that
Published 04 Nov, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Nov, 2011 12:00am
Greek Prime Minister says ready to drop referendum

Greek Prime Minister says ready to drop referendum

Greek Prime Minister George Papandreou Thursday said he was ready to scrap plans for a referendum on an EU bailout plan, as top European leaders continued to pile the pressure on the embattled leader. As Finance Minister Evangelos Venizelos cautioned that
Published 04 Nov, 2011 12:00am
Greek Prime Minister says ready to drop referendum

Greek Prime Minister says ready to drop referendum

Greek Prime Minister George Papandreou Thursday said he was ready to scrap plans for a referendum on an EU bailout plan, as top European leaders continued to pile the pressure on the embattled leader. As Finance Minister Evangelos Venizelos cautioned that
Published 04 Nov, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Nov, 2011 12:00am
Iranian education team visits FJWU

Iranian education team visits FJWU

A delegation of Iranian women educationists and parliamentarians visited Fatima Jinnah Women University (FJWU) here on Thursday. The delegation included Tayyibeh Safaei, Ph.D. Education and Head of Women Section in Parliament, Laleh Eftekhari, Ph.D. in Qu
Published 04 Nov, 2011 12:00am
Pepco opens tenders for 10 million energy savers today

Pepco opens tenders for 10 million energy savers today

Pakistan Electric Power Co (PEPCO) is opening tenders for procurement of 10 million CLFs (Energy Savers) in the presence of print and electronic media here today (Friday). PEPCO Director Media and Public Relations retired colonel Rana Sajjad Ahmad Khan to
Published 04 Nov, 2011 12:00am
29,000 GDs cleared: 'WeBOC system working successfully'

29,000 GDs cleared: 'WeBOC system working successfully'

Web Based One Custom (WeBOC) system at the country's private seaport terminal is successfully working, as some 29,000 goods declarations (GDs) were cleared without brining a single consignment to a halt in one month operations, the Customs officials said
Published 04 Nov, 2011 12:00am
Lawyers observe black day in Balochistan

Lawyers observe black day in Balochistan

Lawyers in Balochistan observed black day on Thursday against the emergency rule imposed in the country on November 3, 2007 by the then president Pervaiz Musharraf and for sacking of 60 judges including detention of CJ Pakistan.
Published 04 Nov, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Six injured in grenade attack on snooker club

Six injured in grenade attack on snooker club

At least six persons sustained injuries when two unidentified motorcyclists hurled a hand grenade at a snooker club located in Zikri Para near Juna Masjid in the limits of Kalri police station. According to police and eyewitnesses, soon after the attack,
Published 04 Nov, 2011 12:00am
Proposal to expand NDMA under consideration

Proposal to expand NDMA under consideration

A proposal for expansion in the National Disaster Management Division (NDMD) is under consideration, as Prime Minister Syed Yousuf Raza Gilani will take a decision soon after Eid-ul Azha regarding the proposed expansion. Sources told Business Recorder
Published 04 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
PIBC hails MFN status to India

PIBC hails MFN status to India

The Pak-India Business Council (PIBC) on Thursday welcomed the Federal Cabinet's decision for granting MFN status to India, terming it beneficial for boosting bilateral trade between the neighbouring countries. "The decision to give MFN status to India wo
Published 04 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Delimitation of Constituencies Bill approved

Delimitation of Constituencies Bill approved

Senate on Thursday unanimously passed the Delimitation of Constituencies (amendment) Bill, 2011 to bring the provisions of Delimitation of Constituencies Act, 1974 in conformity with Articles 51, 106 and 208 of the Constitution as amended through the 18th
Published 04 Nov, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee was lower in terms of dollar, however, it gained versus euro on the currency market on Thursday, dealers said. The rupee was lower by 14 in relation to dollar for buying and selling at 86.14 and 86.18, they said.
Published 04 Nov, 2011 12:00am
Teacher manhandled by student within campus

Teacher manhandled by student within campus

A senior professor of the Department of Philosophy, University of Karachi (KU) was manhandled by a student on Thursday within the campus. According to details, Professor Alam Shah Naqvi was heading out of his department in his car but the passage was bloc
Published 04 Nov, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee was lower in terms of dollar, however, it gained versus euro on the currency market on Thursday, dealers said. The rupee was lower by 14 in relation to dollar for buying and selling at 86.14 and 86.18, they said.
Published 04 Nov, 2011 12:00am
Continued absence of ministers: Senate adjourns proceedings in protest

Continued absence of ministers: Senate adjourns proceedings in protest

The Upper House of parliament was adjourned Thursday in protest against continued absence of ministers, describing their absence as non- justified behaviour and disrespectful to the parliament. Deputy Chairman Senate Jan Muhammad Jamali, taking note of mi
Published 04 Nov, 2011 12:00am
Loan provision project for youths inaugurated

Loan provision project for youths inaugurated

Punjab Chief Minister, Muhammad Shahbaz Sharif here on Thursday announced the project for the provision of interest free small loan to unemployment youth, enabling them to start their own business for eliminating poverty and unemployment from the province
Published 04 Nov, 2011 12:00am
Government may create four new federal ministries

Government may create four new federal ministries

The federal government is reportedly considering establishing four additional federal ministries, in addition to the four new ministries announced recently, to accommodate employees in the surplus pool after devolution of ministries under the 18th Constit
Published 04 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Holding BoD meetings abroad: SECP takes notice of undesirable practice

Holding BoD meetings abroad: SECP takes notice of undesirable practice

In recent past it was observed that meetings of boards of directors of listed companies were being extensively held abroad, even at places that were unrelated to concerned companies' business activity or geographical location of their shareholders.
Published 04 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
MFN status to India

MFN status to India

The federal cabinet approved a proposal granting the Most Favoured Nation (MFN) status to India encompassing a 20 percent reduction on 233 tariff lines in the sensitive list. The total number of tariff lines in the sensitive lists of member countries in t
Published 04 Nov, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Istanbul process

Istanbul process

Now when the Nato-led coalition forces are preparing to vacate Afghanistan, there is the concern that short of putting in place a matching space-filler, the Afghan resistance would take over Kabul and then the rest of the country. Something like this had
Published 04 Nov, 2011 12:00am
The politics of 'protests'

The politics of 'protests'

Pakistan, in the grip of politics of "protests", witnessed on 30 October 2011 a renewed optimism for 'change' in the wake of an impressive congregation of Pakistan's Tehreek-e-Insaf (Pakistan Justice Party), led by Imran Khan. The rally which was termed a
Published 04 Nov, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Retirement crisis closes in on US baby boomers

Retirement crisis closes in on US baby boomers

Like many middle-class American baby boomers, Linda Carmona-Sanchez is anxious about slipping into poverty and says whatever dreams she once had about retirement in her "golden years" have turned into nightmares. "We don't value people here in this countr
Published 04 Nov, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Cultural thirst drives China's high-end tea boom

Cultural thirst drives China's high-end tea boom

Fifteen years ago the Lam family business picked up a consignment of aged tea from a defunct Hong Kong restaurant. Its value has since risen by a factor of 10,000, as the Lams have found themselves part of a boom that is both investment fad and cultural o
Published 04 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 04 Nov, 2011 12:00am
A Jeremy Cooke for Pakistan!

A Jeremy Cooke for Pakistan!

The honourable Mr Justice Jeremy Cooke, the presiding judge in the case of 'spot fixing' fraud, conspiracy and corruption in the game of cricket and involvement of 3 Pakistani cricketers, has won the hearts, minds and caught the imagination of most Pakist
Published 04 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 04 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Three gunned down in city

Three gunned down in city

At least three persons were gunned down in separate incidents in various parts of the metropolis, here on Thursday. According to police, a tailor was shot dead at Landi Kotal Chowrangi North Nazimabad in the limits Hyderi police station. The incident took
Published 04 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 03, 2011).

Published 04 Nov, 2011 12:00am
Two Rangers personnel detained for motorcycle snatching

Two Rangers personnel detained for motorcycle snatching

Sindh Rangers on Thursday detained two of its officials, who were reportedly involved in motorcycle snatching and selling the same in other parts of the country. Sources said that the action was taken on the information of a car lifter, whose name was not
Published 04 Nov, 2011 12:00am
The Weather

The Weather

The weather report on Thursday (November 03, 2011) and the forecast for Friday (November 04, 2011).

Published 04 Nov, 2011 12:00am
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