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Archive - 2011-11-12
Eritrea is not Kenya's enemy
Africa

Eritrea is not Kenya's enemy

NAIROBI: Eritrea has no interest in weakening Kenya or harming its soldiers by supplying weapons to rebels Kenya is figh
Published 12 Nov, 2011 04:01pm
German calls for liquidation procedure
Top News

German calls for liquidation procedure

FRANKFURT: Germany's economy minister on Saturday renewed his call for the introduction of an orderly insolvency procedu
Published 12 Nov, 2011 03:32pm
UK denies to deeper cuts to army
Europe

UK denies to deeper cuts to army

LONDON: Britain denied a newspaper report on Saturday that it was considering making deeper cuts to its army than previo
Published 12 Nov, 2011 03:16pm
India PM warns Pakistan over attacks
Top News

India PM warns Pakistan over attacks

NEW DELHI: Indian Prime Minister Manmohan Singh warned Saturday Pakistan knows one more Mumbai-style terror attack would
Published 12 Nov, 2011 01:38pm
Milk at Rs64 per litre fixed
Markets

Milk at Rs64 per litre fixed

HYDERABAD: Deputy Commissioner of Hyderabad Asif Ali Memon has fixed the rate of milk at Rs64 per litre and warned the m
Published 12 Nov, 2011 12:23pm
Rs10mn for water supply scheme announced
Top News

Rs10mn for water supply scheme announced

PESHAWAR: Khyber Pakhtunkhwa Minister for Finance Engr Muhammad Hamayun Khan on Saturday announced a grant of Rs 10 mill
Published 12 Nov, 2011 12:11pm
Children's literature festival
Arts

Children's literature festival

LAHORE: Idara-e-Taleem-o-Aagahi (ITA) and Oxford University Press (OUP) will jointly hold a two-day children's literatur
Published 12 Nov, 2011 11:37am
Vietnam, Chile sign trade pact
Top News

Vietnam, Chile sign trade pact

HONOLULU : The leaders of Chile and Vietnam on Friday signed an accord to lift tariffs on thousands of goods, giving
Published 12 Nov, 2011 07:12am
Moody's to discuss India outlook
Top News

Moody's to discuss India outlook

NEW DELHI: Global credit ratings agency Moody's, which cut the outlook for Indian banking system this week, will meet fi
Published 12 Nov, 2011 04:50am
Berlusconi set to resign on Saturday
Top News

Berlusconi set to resign on Saturday

ROME: Prime Minister Silvio Berlusconi was set to resign on Saturday after dominating Italian political life for 17 year
Published 12 Nov, 2011 04:37am
Obama appeals congress to pass jobs bill
Top News

Obama appeals congress to pass jobs bill

USS CARL VINSON: US President Barack Obama on Saturday renewed his appeal to Congress to pass a plan aimed at creating n
Published 12 Nov, 2011 04:25am
At least 27 dead in fresh Turkey quake
Top News

At least 27 dead in fresh Turkey quake

ANKARA: A 5.6 magnitude earthquake that recently struck eastern Turkey killed at least 27 people, including two Turkish
Published 12 Nov, 2011 04:20am
FBR to approach manufacturers, cellphone companies

FBR to approach manufacturers, cellphone companies

The Federal Board of Revenue has decided to approach cement manufacturers, food/beverages companies, cigarette manufacturers, automobile assemblers/manufactures and mobile phone companies for registration of distributors, wholesalers and retailers. Source
Published 12 Nov, 2011 12:00am
Seven uplift projects approved by Ecnec

Seven uplift projects approved by Ecnec

The Executive Committee of the National Economic Council which met here on Friday with Federal Minister for Finance and Economic Affairs, Dr Abdul Hafeez Shaikh in the chair has approved seven projects. The projects that were brought under discussion have
Published 12 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 12 Nov, 2011 12:00am
Seven uplift projects approved by Ecnec

Seven uplift projects approved by Ecnec

The Executive Committee of the National Economic Council which met here on Friday with Federal Minister for Finance and Economic Affairs, Dr Abdul Hafeez Shaikh in the chair has approved seven projects. The projects that were brought under discussion have
Published 12 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 12 Nov, 2011 12:00am
Seven uplift projects approved by Ecnec

Seven uplift projects approved by Ecnec

The Executive Committee of the National Economic Council which met here on Friday with Federal Minister for Finance and Economic Affairs, Dr Abdul Hafeez Shaikh in the chair has approved seven projects. The projects that were brought under discussion have
Published 12 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 Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Over 31 percent rise in July-October trade deficit

Over 31 percent rise in July-October trade deficit

Pakistan's trade deficit during July-October period of fiscal year 2011-12 swelled to $6.871 billion, higher by 31.38 percent against $5.230 billion of the same period of last year. This may have serious repercussions on foreign exchange reserves and exch
Published 12 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 Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Over 31 percent rise in July-October trade deficit

Over 31 percent rise in July-October trade deficit

Pakistan's trade deficit during July-October period of fiscal year 2011-12 swelled to $6.871 billion, higher by 31.38 percent against $5.230 billion of the same period of last year. This may have serious repercussions on foreign exchange reserves and exch
Published 12 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 Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Over 31 percent rise in July-October trade deficit

Over 31 percent rise in July-October trade deficit

Pakistan''s trade deficit during July-October period of fiscal year 2011-12 swelled to $6.871 billion, higher by 31.38 percent against $5.230 billion of the same period of last year. This may have serious repercussions on foreign exchange reserves and exc
Published 12 Nov, 2011 12:00am
Bulls rule stock market

Bulls rule stock market

A bullish trend was witnessed on the Karachi share market on Friday on the back of local investors' interest in oil, fertiliser and banking sector stocks. The benchmark KSE-100 index increased by 69.88 points to close at 12,038.93 points. Foreign investor
Published 12 Nov, 2011 12:00am
Bulls rule stock market

Bulls rule stock market

A bullish trend was witnessed on the Karachi share market on Friday on the back of local investors' interest in oil, fertiliser and banking sector stocks. The benchmark KSE-100 index increased by 69.88 points to close at 12,038.93 points. Foreign investor
Published 12 Nov, 2011 12:00am
Bulls rule stock market

Bulls rule stock market

A bullish trend was witnessed on the Karachi share market on Friday on the back of local investors'' interest in oil, fertiliser and banking sector stocks. The benchmark KSE-100 index increased by 69.88 points to close at 12,038.93 points. Foreign investo
Published 12 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 Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
BRIndex30 up 67.98 points

BRIndex30 up 67.98 points

On Friday, BRIndex30 opened at 9,202.73 and remained positive throughout the trading session. It touched an intraday high of 9,309.04 and an intraday low of 9,231.53 and closed at 9,270.71 which was 67.98 points or 0.74 percent higher than previous close.
Published 12 Nov, 2011 12:00am
BRIndex30 up 67.98 points

BRIndex30 up 67.98 points

On Friday, BRIndex30 opened at 9,202.73 and remained positive throughout the trading session. It touched an intraday high of 9,309.04 and an intraday low of 9,231.53 and closed at 9,270.71 which was 67.98 points or 0.74 percent higher than previous close.
Published 12 Nov, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (November 11, 2011).
Published 12 Nov, 2011 12:00am
Trading suspended

Trading suspended

Trading on the Karachi Stock Exchange (KSE) was suspended earlier than normal closing time on Friday due to a technical fault that led to a disconnection of all the terminals in KSE building. The trading was suspended around 04:10pm against normal closing
Published 12 Nov, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Trading suspended

Trading suspended

Trading on the Karachi Stock Exchange (KSE) was suspended earlier than normal closing time on Friday due to a technical fault that led to a disconnection of all the terminals in KSE building. The trading was suspended around 04:10pm against normal closing
Published 12 Nov, 2011 12:00am
Trading suspended

Trading suspended

Trading on the Karachi Stock Exchange (KSE) was suspended earlier than normal closing time on Friday due to a technical fault that led to a disconnection of all the terminals in KSE building. The trading was suspended around 04:10pm against normal closing
Published 12 Nov, 2011 12:00am
India, Pakistan trade ties encouraging: US

India, Pakistan trade ties encouraging: US

A US official says recent measures to normalise trade between India and Pakistan are encouraging signs toward the realisation of a "new silk road" connecting south and central Asia. Robert O. Blake the Assistant Secretary of State for Southern and Central
Published 12 Nov, 2011 12:00am
India, Pakistan trade ties encouraging: US

India, Pakistan trade ties encouraging: US

A US official says recent measures to normalise trade between India and Pakistan are encouraging signs toward the realisation of a "new silk road" connecting south and central Asia. Robert O. Blake the Assistant Secretary of State for Southern and Central
Published 12 Nov, 2011 12:00am
India, Pakistan trade ties encouraging: US

India, Pakistan trade ties encouraging: US

A US official says recent measures to normalise trade between India and Pakistan are encouraging signs toward the realisation of a "new silk road" connecting south and central Asia. Robert O. Blake the Assistant Secretary of State for Southern and Central
Published 12 Nov, 2011 12:00am
Pakistan welcomes Singh's remarks

Pakistan welcomes Singh's remarks

Pakistan welcomed on Friday the remarks of Indian Prime Minister Manmohan Singh about opening a new chapter in relationship between the two countries and New Delhi's readiness for a broad-ranging engagement to resolve outstanding issues.
Published 12 Nov, 2011 12:00am
Pakistan welcomes Singh's remarks

Pakistan welcomes Singh's remarks

Pakistan welcomed on Friday the remarks of Indian Prime Minister Manmohan Singh about opening a new chapter in relationship between the two countries and New Delhi's readiness for a broad-ranging engagement to resolve outstanding issues.
Published 12 Nov, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Import from India: 18 more items added to positive list

Import from India: 18 more items added to positive list

The Economic Co-ordination Committee (ECC) of the Cabinet on Friday approved expansion of positive list by allowing import of over 18 more items from India, it is learnt. Sources said that the ECC meeting chaired by Finance Minister Dr Abdul Hafeez Sheikh
Published 12 Nov, 2011 12:00am
Import from India: 18 more items added to positive list

Import from India: 18 more items added to positive list

The Economic Co-ordination Committee (ECC) of the Cabinet on Friday approved expansion of positive list by allowing import of over 18 more items from India, it is learnt. Sources said that the ECC meeting chaired by Finance Minister Dr Abdul Hafeez Sheikh
Published 12 Nov, 2011 12:00am
Import from India: 18 more items added to positive list

Import from India: 18 more items added to positive list

The Economic Co-ordination Committee (ECC) of the Cabinet on Friday approved expansion of positive list by allowing import of over 18 more items from India, it is learnt. Sources said that the ECC meeting chaired by Finance Minister Dr Abdul Hafeez Sheikh
Published 12 Nov, 2011 12:00am
India's Supreme Court 'shocked' by Pakistanis in jail

India's Supreme Court 'shocked' by Pakistanis in jail

India's Supreme Court expressed shock on Friday that more than 250 Pakistanis were being held in Indian jails without ever having faced trial, with at least one behind bars since 1965. The court, hearing a public interest case filed by a member of the pub
Published 12 Nov, 2011 12:00am
India's Supreme Court 'shocked' by Pakistanis in jail

India's Supreme Court 'shocked' by Pakistanis in jail

India's Supreme Court expressed shock on Friday that more than 250 Pakistanis were being held in Indian jails without ever having faced trial, with at least one behind bars since 1965. The court, hearing a public interest case filed by a member of the pub
Published 12 Nov, 2011 12:00am
Saarc vows to boost trade as tensions ease

Saarc vows to boost trade as tensions ease

South Asian leaders ended a summit in the Maldives on Friday with pledges to increase regional trade as India and Pakistan demonstrated signs of easing tensions between them. Maldivian President Mohamed Nasheed said the eight-member grouping agreed to inc
Published 12 Nov, 2011 12:00am
Saarc vows to boost trade as tensions ease

Saarc vows to boost trade as tensions ease

South Asian leaders ended a summit in the Maldives on Friday with pledges to increase regional trade as India and Pakistan demonstrated signs of easing tensions between them. Maldivian President Mohamed Nasheed said the eight-member grouping agreed to inc
Published 12 Nov, 2011 12:00am
Saarc vows to boost trade as tensions ease

Saarc vows to boost trade as tensions ease

South Asian leaders ended a summit in the Maldives on Friday with pledges to increase regional trade as India and Pakistan demonstrated signs of easing tensions between them. Maldivian President Mohamed Nasheed said the eight-member grouping agreed to inc
Published 12 Nov, 2011 12:00am
Summit adopts 20-point agenda

Summit adopts 20-point agenda

The 17th SAARC Summit concluded here on Friday adopting a very promising 20-point agenda reaffirming its commitment to peace, confidence building, liberty, dignity, democracy, mutual respect, good governance and protection of human rights.
Published 12 Nov, 2011 12:00am
Summit adopts 20-point agenda

Summit adopts 20-point agenda

The 17th SAARC Summit concluded here on Friday adopting a very promising 20-point agenda reaffirming its commitment to peace, confidence building, liberty, dignity, democracy, mutual respect, good governance and protection of human rights.
Published 12 Nov, 2011 12:00am
Summit adopts 20-point agenda

Summit adopts 20-point agenda

The 17th SAARC Summit concluded here on Friday adopting a very promising 20-point agenda reaffirming its commitment to peace, confidence building, liberty, dignity, democracy, mutual respect, good governance and protection of human rights.
Published 12 Nov, 2011 12:00am
Islamabad ready to work in cooperative mode with Kabul: Gilani

Islamabad ready to work in cooperative mode with Kabul: Gilani

Pakistan and Afghanistan on Friday agreed to further enhance and cooperate with each other to ensure peace, security and stability in the region. Prime Minister Yousuf Raza Gilani held one-hour long meeting with Afghanistan's President Hamid Karzai at a n
Published 12 Nov, 2011 12:00am
Islamabad ready to work in cooperative mode with Kabul: Gilani

Islamabad ready to work in cooperative mode with Kabul: Gilani

Pakistan and Afghanistan on Friday agreed to further enhance and cooperate with each other to ensure peace, security and stability in the region. Prime Minister Yousuf Raza Gilani held one-hour long meeting with Afghanistan's President Hamid Karzai at a n
Published 12 Nov, 2011 12:00am
'The tide of war is receding': Obama on Veterans Day

'The tide of war is receding': Obama on Veterans Day

President Barack Obama on Friday told the conflict-weary US public that looming withdrawals from Afghanistan and Iraq and Muammar Qadhafi's ouster in Libya meant "the tide of war is receding." "After a decade of war, the nation we now need to build is our
Published 12 Nov, 2011 12:00am
ISE index gains 51.04 points

ISE index gains 51.04 points

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 51.04 points, as the Index moved from 2,677.36 to 2,728.
Published 12 Nov, 2011 12:00am
ISE index gains 51.04 points

ISE index gains 51.04 points

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 51.04 points, as the Index moved from 2,677.36 to 2,728.
Published 12 Nov, 2011 12:00am
World marks 11/11/11 with weddings, lotteries and hope

World marks 11/11/11 with weddings, lotteries and hope

With a crush of marriages, a rush to buy lucky lottery tickets and prayers for peace and oneness, people world-wide marked Friday's once-per-century 11/11/11 lineup with humour, hope and a hint of mischief. Couples from Shanghai to Jakarta to Moscow to La
Published 12 Nov, 2011 12:00am
World marks 11/11/11 with weddings, lotteries and hope

World marks 11/11/11 with weddings, lotteries and hope

With a crush of marriages, a rush to buy lucky lottery tickets and prayers for peace and oneness, people world-wide marked Friday's once-per-century 11/11/11 lineup with humour, hope and a hint of mischief. Couples from Shanghai to Jakarta to Moscow to La
Published 12 Nov, 2011 12:00am
General James meets Kayani

General James meets Kayani

General James N. Mattis, Commander US Central Command (CENTCOM) Friday called on Chief of Army Staff (CoAS) General Ashfaq Parvez Kayani. According to ISPR press release received here, they discussed bilateral issues and matters of mutual interest, with s
Published 12 Nov, 2011 12:00am
General James meets Kayani

General James meets Kayani

General James N. Mattis, Commander US Central Command (CENTCOM) Friday called on Chief of Army Staff (CoAS) General Ashfaq Parvez Kayani. According to ISPR press release received here, they discussed bilateral issues and matters of mutual interest, with s
Published 12 Nov, 2011 12:00am
Iran calls for Opec cuts

Iran calls for Opec cuts

Opec president Iran threw down the gauntlet to the Gulf Arab oil producers on Friday, asking them to reduce output back to pre-Libya crisis volumes, making agreement on output policy at Opec's December meeting more difficult. The Organisation of the Petro
Published 12 Nov, 2011 12:00am
Iran calls for Opec cuts

Iran calls for Opec cuts

Opec president Iran threw down the gauntlet to the Gulf Arab oil producers on Friday, asking them to reduce output back to pre-Libya crisis volumes, making agreement on output policy at Opec's December meeting more difficult. The Organisation of the Petro
Published 12 Nov, 2011 12:00am
Iran calls for Opec cuts

Iran calls for Opec cuts

Opec president Iran threw down the gauntlet to the Gulf Arab oil producers on Friday, asking them to reduce output back to pre-Libya crisis volumes, making agreement on output policy at Opec''s December meeting more difficult. The Organisation of the Petr
Published 12 Nov, 2011 12:00am
CNG body rejects loadshedding plan

CNG body rejects loadshedding plan

The All Pakistan CNG Association (APCNGA), while rejecting three-day gas load shedding plan for CNG stations, has urged the government to revise it according to the agreement with the CNG industry. Ghiyas Abdullah Paracha, talking to reporters here on Fri
Published 12 Nov, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Nov, 2011 12:00am
CNG body rejects loadshedding plan

CNG body rejects loadshedding plan

The All Pakistan CNG Association (APCNGA), while rejecting three-day gas load shedding plan for CNG stations, has urged the government to revise it according to the agreement with the CNG industry. Ghiyas Abdullah Paracha, talking to reporters here on Fri
Published 12 Nov, 2011 12:00am
CNG body rejects loadshedding plan

CNG body rejects loadshedding plan

The All Pakistan CNG Association (APCNGA), while rejecting three-day gas load shedding plan for CNG stations, has urged the government to revise it according to the agreement with the CNG industry. Ghiyas Abdullah Paracha, talking to reporters here on Fri
Published 12 Nov, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Nov, 2011 12:00am
Global rice production to rise despite floods: UN

Global rice production to rise despite floods: UN

Global rice production is set to rise 3 per cent this year despite widespread floods in South-East Asia, the Food and Agriculture Organisation predicted Friday. The FAO forecast that the global production of paddy, or unmilled rice, will reach 721 million
Published 12 Nov, 2011 12:00am
Global rice production to rise despite floods: UN

Global rice production to rise despite floods: UN

Global rice production is set to rise 3 per cent this year despite widespread floods in South-East Asia, the Food and Agriculture Organisation predicted Friday. The FAO forecast that the global production of paddy, or unmilled rice, will reach 721 million
Published 12 Nov, 2011 12:00am
Global rice production to rise despite floods: UN

Global rice production to rise despite floods: UN

Global rice production is set to rise 3 per cent this year despite widespread floods in South-East Asia, the Food and Agriculture Organisation predicted Friday. The FAO forecast that the global production of paddy, or unmilled rice, will reach 721 million
Published 12 Nov, 2011 12:00am
Pakistan to talk again with Bangladesh on WTO: Fahim

Pakistan to talk again with Bangladesh on WTO: Fahim

Federal Minister for Commerce Makhdoom Amin Fahim on Friday said that Pakistan has decided to have a contact with Bangladesh's government to support World Trade Organisation (WTO) issue. Talking to a private news channel, he said reservations of Banglades
Published 12 Nov, 2011 12:00am
Pakistan to talk again with Bangladesh on WTO: Fahim

Pakistan to talk again with Bangladesh on WTO: Fahim

Federal Minister for Commerce Makhdoom Amin Fahim on Friday said that Pakistan has decided to have a contact with Bangladesh's government to support World Trade Organisation (WTO) issue. Talking to a private news channel, he said reservations of Banglades
Published 12 Nov, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Pakistan to talk again with Bangladesh on WTO: Fahim

Pakistan to talk again with Bangladesh on WTO: Fahim

Federal Minister for Commerce Makhdoom Amin Fahim on Friday said that Pakistan has decided to have a contact with Bangladesh''s government to support World Trade Organisation (WTO) issue. Talking to a private news channel, he said reservations of Banglade
Published 12 Nov, 2011 12:00am
Pak-China joint military exercise from November 16

Pak-China joint military exercise from November 16

Pakistan-China joint military exercise aimed at sharing and enhancing expertise of both armies in countering terrorism, will begin from November 16 (Wednesday) in Pakistan. The joint military exercise 'YOUVI-IV', spread over two weeks is also aimed at mut
Published 12 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Pak-China joint military exercise from November 16

Pak-China joint military exercise from November 16

Pakistan-China joint military exercise aimed at sharing and enhancing expertise of both armies in countering terrorism, will begin from November 16 (Wednesday) in Pakistan. The joint military exercise 'YOUVI-IV', spread over two weeks is also aimed at mut
Published 12 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both ways amid mixed sentiments on the Lahore Stock Exchange (LSE) on Friday and finally stayed in positive zone on account of fresh buying select shares. The LSE-25 index was marginally improved by 2.51 points and was ended at 3178.47 poin
Published 12 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both ways amid mixed sentiments on the Lahore Stock Exchange (LSE) on Friday and finally stayed in positive zone on account of fresh buying select shares. The LSE-25 index was marginally improved by 2.51 points and was ended at 3178.47 poin
Published 12 Nov, 2011 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

The rupee depreciated against dollar and euro on the currency market on Friday in process of trading, dealers said. The rupee extended overnight slide in terms of dollar, dropping 12 paisa for buying at 86.58 and shedding 14 paisa on the selling counter a
Published 12 Nov, 2011 12:00am
'Pakistan should be producing 500 megawatts of wind power by 2012 end'

'Pakistan should be producing 500 megawatts of wind power by 2012 end'

President Asif Ali Zardari on Friday said that by the end of 2012, Pakistan should be producing 500MW of wind power. For this purpose, he called for periodic reports to be submitted to the Presidency, indicating the progress, made and the bottlenecks enco
Published 12 Nov, 2011 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

The rupee depreciated against dollar and euro on the currency market on Friday in process of trading, dealers said. The rupee extended overnight slide in terms of dollar, dropping 12 paisa for buying at 86.58 and shedding 14 paisa on the selling counter a
Published 12 Nov, 2011 12:00am
Export to EU countries: 'business community stunned by Bangladesh move'

Export to EU countries: 'business community stunned by Bangladesh move'

The business community here and Southern Punjab are stunned by the Bangladesh move to go against Pakistan for acquiring permission of duty free exports of 75 items to EU countries, describing it a bad step which ahs saddened Pakistan business community in
Published 12 Nov, 2011 12:00am
Chinese firm makes huge investment in transport sector: LTC

Chinese firm makes huge investment in transport sector: LTC

Chairman Lahore Transport Company Kh. Ahmed Hassan on Friday said the Chinese Photon company which deals in urban transport sector is making huge investment for the provision of air-conditioned buses in Lahore. Under a phased programme 111 buses will be s
Published 12 Nov, 2011 12:00am
'Natural calamities severely affected civic infrastructure'

'Natural calamities severely affected civic infrastructure'

Sindh Minister for Health, Dr Saghir Ahmed, on Friday said floods and torrential rains that hit the province in 2010 and 2011 had severely affected its civic infrastructure. Talking to the Representative of International Committee of Red Cross, Sindh and
Published 12 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Man, sons found mysteriously dead

Man, sons found mysteriously dead

A worker of food factory and his two sons were found dead under mysterious circumstances in a locked rented house of posh area Allama Iqbal Colony here, however, no clue regarding the incident reported so far. People of Block F of the colony were sensing
Published 12 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Naseerabad town closed to mourn killings

Naseerabad town closed to mourn killings

The death toll in last night's killings in Nasserabad town of district Qambar-Shahdadkot rose to three after Sikandar Phulpoto, the driver of Haji Manzoor Phulpoto succumbed to injuries at CMC hospital Larkana. Haji Manzoor Phulpoto and his friend Pradeep
Published 12 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 Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
IGP orders posting of SHOs as per merit

IGP orders posting of SHOs as per merit

Inspector General Police (IGP) Sindh Mushtaq Ahmed Shah has directed Additional IGP Karachi for ensuring merit and fulfilling other formalities while posting the Station House Officers (SHOs). These instructions he issued while taking notice of a news ite
Published 12 Nov, 2011 12:00am
Federal Urdu University's founding day on November 12

Federal Urdu University's founding day on November 12

Federal Urdu University for Science and Technology would observe its 10th founding day on November 13. Vice Chancellor of the University, Professor Dr Muhammad Qaiser will chair a programme for the founding day on November 13, at 12 noon at Qadeer Auditor
Published 12 Nov, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Sindh chief minister returns after performing Hajj

Sindh chief minister returns after performing Hajj

Sindh Chief Minister Syed Qaim Ali Shah, on Friday returned after performing Hajj. Sindh Minister for Minority Affairs, Dr Mohan Lal, Senior, Rashid Rabbani, Political Co-ordinator to Sindh CM, Siddiq Abu Bhai and Special Assistant to Sindh CM, Waqar Mehd
Published 12 Nov, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (November 11, 2011) and for Saturday (November 12, 2011).
Published 12 Nov, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
KBP to hold protest demonstrations across Punjab

KBP to hold protest demonstrations across Punjab

Kisan Board Pakistan (KBP) announced on Friday schedule of protest demonstrations across the province against shortage of fertiliser, black marketing and for not printing prices on fertilizer bags. KBP will stage a protest demonstration at Rajanpur on Sun
Published 12 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 12 Nov, 2011 12:00am
Etihad Airways celebrates eighth anniversary

Etihad Airways celebrates eighth anniversary

Etihad Airways, the national airline of the United Arab Emirates, marked its eighth anniversary of the inaugural Etihad Airways flight from Abu Dhabi to Al Ain in 2003 on 5th November 2011. Etihad Airways has come a long way in a short space of time. It h
Published 12 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 12 Nov, 2011 12:00am
Key euro rates remain down

Key euro rates remain down

Key euro-priced bank-to-bank lending rates fell for the 10th session running on Friday, hitting a new five-month low as last week's surprise ECB interest rate cut and excess liquidity continued to weigh on money markets. The European Central Bank cut rate
Published 12 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 11, 2011).

Published 12 Nov, 2011 12:00am
Won up, Asian forex poised for weekly loss

Won up, Asian forex poised for weekly loss

The South Korean won rose on Friday as worries about Italy's political and economic crisis eased, improving investors' appetite for riskier assets, but persistent fears of a eurozone bond market meltdown set emerging Asian currencies up for a weekly loss.
Published 12 Nov, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on November 09, 2011.

Published 12 Nov, 2011 12:00am
Indian rupee off 2-1/2 year low

Indian rupee off 2-1/2 year low

The rupee bounced off its lowest in more than two and a half years to close marginally stronger on Friday, tracking a modest recovery in the euro, and as corporates stepped up dollar sales to take advantage of the local unit's sharp decline. The partially
Published 12 Nov, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on November 09, 2011.

Published 12 Nov, 2011 12:00am
Australian and New Zealand dollars under pressure

Australian and New Zealand dollars under pressure

The Australian and New Zealand dollars stayed under pressure on Friday as the European debt crisis appeared no closer to a resolution, keeping a lid on risk appetite. The Aussie was down 2.4 percent for the week amid fears Italy's debt woes could ultimate
Published 12 Nov, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on November 09, 2011.

Published 12 Nov, 2011 12:00am
Euro gains versus dollar

Euro gains versus dollar

The euro rose against the dollar on Thursday a day after its steepest sell-off in 15 months on relief that an Italian bond sale did not result in yields above 7 percent, easing fears of a debt crisis in the eurozone's third largest economy. Signs of polit
Published 12 Nov, 2011 12:00am
The Weather

The Weather

The weather report on Friday (November 11, 2011) and the forecast for Saturday (November 12, 2011).

Published 12 Nov, 2011 12:00am
Early trade in New York: Euro strengthens

Early trade in New York: Euro strengthens

The euro rose for a second straight day against the dollar on Friday as Italy's approval of austerity measures boosted risk appetite but did little to lift optimism about the single currency. The euro held onto gains after Italy's Senate approved a new bu
Published 12 Nov, 2011 12:00am
Euro recovers in London

Euro recovers in London

The euro rose versus the dollar on Friday, moving away from a one-month low and finding support after Italy approved austerity measures, but the precarious situation in the eurozone left the currency vulnerable to renewed selling. The euro held on to earl
Published 12 Nov, 2011 12:00am
Euro steadies in Asia

Euro steadies in Asia

The euro held steady above its recent one-month low on Friday, but market players were sceptical that it would see a sustained bounce due to uncertainty over whether Italy will make progress on fiscal reforms under new leadership. The euro has gained some
Published 12 Nov, 2011 12:00am
Sterling advances

Sterling advances

Sterling gained against the dollar on Friday, as risk appetite improved on expectations that Italy will push through tough austerity measures with better US data that showed consumer sentiment rising to its highest in five months also helping. Stop-loss b
Published 12 Nov, 2011 12:00am
Yuan ends up

Yuan ends up

The yuan closed slightly higher versus the dollar on Friday, guided by the Chinese central bank's marginally stronger mid-point, and traders expected the currency to move narrowly in the near term. China appears to have quietly adjusted its currency polic
Published 12 Nov, 2011 12:00am
LCCI urges SBP chief to reduce discount rate

LCCI urges SBP chief to reduce discount rate

Former President of Lasbela Chamber of Commerce and Industry (LCCI), Maqsood Ismail, while appreciating the steps taken by the newly-appointed Governor of State Bank of Pakistan, Yaseen Anwar, urged for another rate cut in the discount rate to encourage t
Published 12 Nov, 2011 12:00am
Two hurt in Dera Bugti landmine blast

Two hurt in Dera Bugti landmine blast

Two people sustained critical injuries in a landmine explosion occurred in the Loti area of Dera Bugti on Friday, official sources said. "Two men were riding a motorbike when their bike hit a landmine planted by unknown men, police said that the explosion
Published 12 Nov, 2011 12:00am
Partly cloudy weather in Karachi for next 24 hours

Partly cloudy weather in Karachi for next 24 hours

The Met Office on Friday said isolated rain/thunderstorm is likely to hit Malakand division and Gilgit-Baltistan in the next 24 hours. "Trough of western disturbance is present over Kashmir and moving eastwards," the office says, adding that in other part
Published 12 Nov, 2011 12:00am
MQM-H chief allowed to argue his case himself

MQM-H chief allowed to argue his case himself

A division bench of Sindh High Court (SHC) Friday allowed application filed by Chairman of Mohajir Qaumi Movement-Haqiqi (MQM-H) Afaq Ahmed, seeking permission to argue his case himself. The bench comprising Chief Justice of SHC Justice Mushir Alam and Ju
Published 12 Nov, 2011 12:00am
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