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Archive - 2011-11-19
ICC seeks to confirm Qadhafi son arrest
Top News

ICC seeks to confirm Qadhafi son arrest

THE HAGUE: The International Criminal Court, which wants to try the late Libyan dictator Moamer Qadhafi's son Seif al-Is
Published 19 Nov, 2011 04:48pm
Areva to cut 1,300 German jobs
Top News

Areva to cut 1,300 German jobs

FRANKFURT: French nuclear group Areva will be cutting 1,300 jobs in Germany in reaction to the German government's decis
Published 19 Nov, 2011 03:53pm
Cotton gains Rs350 during the week
Top News

Cotton gains Rs350 during the week

KARACHI: Cotton price of different qualities has surged by Rs 350 per maund and selling in the range of Rs 4,000 to Rs 6
Published 19 Nov, 2011 03:19pm
Adidas looks further growth next-year
Top News

Adidas looks further growth next-year

FRANKFURT: Adidas, the world's second-largest maker of sports apparel, expects its revenues and profits to grow further
Published 19 Nov, 2011 02:06pm
Sindhi Cap and Ajrak Day celebrated
Top News

Sindhi Cap and Ajrak Day celebrated

HYDERABAD: The people in Hyderabad celebrated Sindhi Culture Day here on Saturday expressing love for their language, cu
Published 19 Nov, 2011 01:32pm
Ethanol culprit of hunger in disguise
Top News

Ethanol culprit of hunger in disguise

Naseem sheikh   In the course of growing concerns about unstable oil supplies and the impact of fossil f
Published 19 Nov, 2011 12:48pm
2 killed, 3 injured in Dera Bugti blast
Top News

2 killed, 3 injured in Dera Bugti blast

QUETTA: At least two persons were killed while three others injured in a landmine blast in Dera Bugti district on Saturd
Published 19 Nov, 2011 09:24am
Myanmar, UN discuss strengthening ties
Top News

Myanmar, UN discuss strengthening ties

NUSA DUA: Myanmar and the United Nations discussed strengthening cooperation on Saturday, Myanmar's foreign minister sai
Published 19 Nov, 2011 08:22am
Dollar moves both ways
Markets

Dollar moves both ways

RECORDER REPORT KARACHI : The rupee moved both ways against dollar on the currency market on Friday in process of tra
Published 19 Nov, 2011 05:44am
Tax exemption on imported gas sought
Top News

Tax exemption on imported gas sought

ABDUL RASHEED AZAD ISLAMABAD : The Ministry of Petroleum and Natural Resources has asked the Federal Board of Revenue
Published 19 Nov, 2011 05:15am
2 'money bills' approved by NA body
Top News

2 'money bills' approved by NA body

ZAHEER ABBASI ISLAMABAD : The National Assembly Standing Committee on Finance unanimously passed two 'Money Bills' en
Published 19 Nov, 2011 05:00am
Essentials' prices show mixed trend
Top News

Essentials' prices show mixed trend

TAHIR AMIN ISLAMABAD : The prices of essential kitchen items have shown mixed trend during the current week compared
Published 19 Nov, 2011 04:39am
Iran defiant after UN nuclear resolution
Top News

Iran defiant after UN nuclear resolution

TEHRAN: Iranian media on Saturday described a resolution from the UN nuclear watchdog expressing "deep and increasing co
Published 19 Nov, 2011 04:20am
Cotton arrivals show 6.92pc increase
Top News

Cotton arrivals show 6.92pc increase

RECORDER REPORT MULTAN : The fortnightly phutti (seed-cotton) arrivals report, released by the Pakistan Cotton Ginner
Published 19 Nov, 2011 04:13am
Sterling rises

Sterling rises

Sterling rose against the dollar on Friday as investors who had initiated bearish bets squared positions ahead of the weekend, but underperformed the euro, which was buoyed by speculation of greater European Central Bank support to halt the debt crisis.
Published 19 Nov, 2011 12:00am
Yuan slightly down

Yuan slightly down

The yuan closed slightly lower against the dollar on Friday after the People's Bank of China set the mid-point marginally higher, showing its intention to keep the Chinese currency stable for a while. Dealers said the Chinese central bank could let the yu
Published 19 Nov, 2011 12:00am
FTSE falls

FTSE falls

Britain's FTSE 100 fell on Friday, with investors fearing a lack of unity among European Union politicians on how to deal with the debt crisis was worsening the situation, while corporates such as Capita felt the impact of the ongoing debt problems.
Published 19 Nov, 2011 12:00am
European shares fall

European shares fall

European shares ended at a six-week closing low on Friday after comment from German Chancellor Angela Merkel cooled market hopes that Europe's largest economy would back monetary measures to tackle the eurozone debt crisis. The FTSEurofirst 300 index of t
Published 19 Nov, 2011 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares fell on Friday as investors dumped cyclical stocks such as refiners and shipyards and sought safer assets after borrowing costs for Europe's stricken economies rose. Foreign investors were sellers of a net 416 billion won ($368 million) worth
Published 19 Nov, 2011 12:00am
Nikkei slides

Nikkei slides

The Nikkei stock average slid below 8,400 to its lowest level in more than a month, after surging bond yields in eurozone nations spooked investors and fuelled fears of tightening global credit conditions. Shares of Olympus Corp snapped four days of gains
Published 19 Nov, 2011 12:00am
Indian shares tumble

Indian shares tumble

Indian shares fell 0.6 percent on Friday, dragging the main index to its biggest weekly fall in nearly three and a half months, as fresh concerns about the European debt crisis compounded lingering worries over weak domestic growth and slow government dec
Published 19 Nov, 2011 12:00am
US bonds move up

US bonds move up

Long-dated US government bonds rose on Thursday, spurred by stock losses and the view that fiscal restraint from possible automatic US budget cuts would hurt long-term economic growth and keep inflation low. Worries about the debt crisis in Europe fed app
Published 19 Nov, 2011 12:00am
US bonds move up

US bonds move up

Long-dated US government bonds rose on Thursday, spurred by stock losses and the view that fiscal restraint from possible automatic US budget cuts would hurt long-term economic growth and keep inflation low. Worries about the debt crisis in Europe fed app
Published 19 Nov, 2011 12:00am
Taiwan stocks extend losses

Taiwan stocks extend losses

Taiwan stocks shed 2.08 percent on Friday, joining a regional slid as Europe's funding difficulties intensified, with plastics counters the biggest losers, tumbling 5.51 percent. Nanya Tech went limit-up, however, after parent group Formosa Plastics Group
Published 19 Nov, 2011 12:00am
Eurozone, technicals unnerve Wall Street

Eurozone, technicals unnerve Wall Street

Trigger-happy investors dumped US stocks on Thursday, scared by the market's sudden fall through a key technical level brought on by more worries about Europe's debt troubles. The S&P 500 steadily slipped through the morning until it broke through 1,225,
Published 19 Nov, 2011 12:00am
Friday's early trade: markets slide

Friday's early trade: markets slide

US stocks were lower, led by the Nasdaq, after midday on Friday, with S&P 500 facing a test of technical support. The Dow Jones industrial average was off 5 points, or 0.04 percent, at 11,760. The Standard & Poor's 500 Index was down 3 points, or 0.32 per
Published 19 Nov, 2011 12:00am
Hong Kong shares suffer third weekly loss

Hong Kong shares suffer third weekly loss

Hong Kong shares fell 1.7 percent on Friday - taking the week's loss to 3.4 percent - as rising risk aversion and reduced optimism about monetary easing by Beijing hit Chinese energy, financial and property stocks. Losses were capped as benchmark indices
Published 19 Nov, 2011 12:00am
Southeast Asian stocks extend losses

Southeast Asian stocks extend losses

Southeast Asian stock markets drifted lower on Friday, weighed down by financial shares as worries about the European debt crisis prompted investors to cut holdings of riskier assets. Most markets extended their losses this week as investors held out litt
Published 19 Nov, 2011 12:00am
Merkel, Cameron differ on euro crisis weapons

Merkel, Cameron differ on euro crisis weapons

The leaders of Germany and Britain sent out conflicting signals on Friday about how to solve the eurozone's debt crisis and admitted they had failed to narrow differences over the introduction of a financial transaction tax in Europe. At a news conference
Published 19 Nov, 2011 12:00am
Draghi demands rapid action on rescue fund

Draghi demands rapid action on rescue fund

European Central Bank chief Mario Draghi told eurozone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in responding to the escalating debt crisis. The ECB is under intense press
Published 19 Nov, 2011 12:00am
Draghi demands rapid action on rescue fund

Draghi demands rapid action on rescue fund

European Central Bank chief Mario Draghi told eurozone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in responding to the escalating debt crisis. The ECB is under intense press
Published 19 Nov, 2011 12:00am
Monti tells doubters he was 'the Saddam Hussein of business'

Monti tells doubters he was 'the Saddam Hussein of business'

Italy's premier Mario Monti, faced with doubts over his independence from Europe and fears he will favour city fat cats, has told critics about his nickname as the "Saddam Hussein of business". Monti, an international adviser to US Banking giant Goldman S
Published 19 Nov, 2011 12:00am
Suzuki, Volkswagen headed for arbitration

Suzuki, Volkswagen headed for arbitration

Suzuki Motor Corp and estranged partner Volkswagen seemed headed for arbitration, after VW refused again to sell its 20 percent stake back to the Japanese carmaker and put a floundering two-year alliance out of its misery. While German group VW has long w
Published 19 Nov, 2011 12:00am
Reliance, BP set up India gas joint venture

Reliance, BP set up India gas joint venture

India's Reliance Industries and global energy major BP Plc on Friday said they have formed an equal joint venture to source, market and transport natural gas in Asia's third-largest economy. The joint venture, India Gas Solutions, will also develop infras
Published 19 Nov, 2011 12:00am
Malaysia's growth picks up, bank widens liquidity access

Malaysia's growth picks up, bank widens liquidity access

Malaysia's economic growth accelerated in the third quarter to an annual 5.8 percent, helped by domestic demand as the central bank announced a move to widen banks' access to liquidity amid concerns about possible tighter credit conditions in a global slo
Published 19 Nov, 2011 12:00am
UK banks sharply cut lending to periphery eurozone

UK banks sharply cut lending to periphery eurozone

Britain's banks have shrunk their lending exposure to peripheral eurozone counterparts by a quarter in just three months, the Financial Times reported on Friday. According to data compiled by the newspaper, used as the source for the article, the big four
Published 19 Nov, 2011 12:00am
NYSE, Deutsche Boerse sell derivatives businesses

NYSE, Deutsche Boerse sell derivatives businesses

Stock market operators NYSE Euronext and Deutsche Boerse said Friday they would sell parts of their derivatives activities to address EU Commission concerns about their merger. "NYSE Euronext and Deutsche Boerse today confirm that they have submitted a re
Published 19 Nov, 2011 12:00am
Bank funding strangled by government debt fears

Bank funding strangled by government debt fears

Fear over European banks' exposure to risky government debt stalked markets and harried bank executives on Friday, as unsecured lending between banks evaporated and the cost of secured loans rose. Dwindling trust between the banks is forcing them to rely
Published 19 Nov, 2011 12:00am
China's sovereign fund buys CCB shares from BoA

China's sovereign fund buys CCB shares from BoA

China's sovereign wealth fund has announced it purchased part of Bank of America's holdings in China Construction Bank (CCB) in a deal worth $1.75 billion. The embattled US banking giant announced on Monday that it would sell the bulk of its shares in the
Published 19 Nov, 2011 12:00am
China's sovereign fund buys CCB shares from BoA

China's sovereign fund buys CCB shares from BoA

China's sovereign wealth fund has announced it purchased part of Bank of America's holdings in China Construction Bank (CCB) in a deal worth $1.75 billion. The embattled US banking giant announced on Monday that it would sell the bulk of its shares in the
Published 19 Nov, 2011 12:00am
China's average home prices fall

China's average home prices fall

China's average home prices in October ticked lower for the first time this year, official data showed on Friday, a victory in Beijing's fight against inflation but also a challenge if prices fall too sharply and stoke further social unrest. Friday's data
Published 19 Nov, 2011 12:00am
MF Global customers to get long-sought $520 million

MF Global customers to get long-sought $520 million

The trustee liquidating MF Global Holdings Ltd's broker-dealer unit won court permission to distribute $520 million of cash to customers, providing relief to customers whose accounts have been frozen since the futures brokerage went bankrupt. US Bankruptc
Published 19 Nov, 2011 12:00am
MF Global customers to get long-sought $520 million

MF Global customers to get long-sought $520 million

The trustee liquidating MF Global Holdings Ltd's broker-dealer unit won court permission to distribute $520 million of cash to customers, providing relief to customers whose accounts have been frozen since the futures brokerage went bankrupt. US Bankruptc
Published 19 Nov, 2011 12:00am
Rajoy says will boost business in bid to save Spain

Rajoy says will boost business in bid to save Spain

Spain's likely new leader, centre-rightist Mariano Rajoy, pledged on Friday to restore confidence to the troubled economy and boost business after a parliamentary election in which voters are set to throw out the Socialist government. Opinion polls ahead
Published 19 Nov, 2011 12:00am
Brazil 2011 jobs target in doubt on crisis fears

Brazil 2011 jobs target in doubt on crisis fears

The number of jobs created in Brazil slowed sharply in October, with more weakness expected toward the end of the year, the latest sign that Europe's debt crisis is taking a toll on Latin America's biggest economy. Brazil's economy added a net 126,143 pay
Published 19 Nov, 2011 12:00am
Canada's inflation eases but rate cut seen less likely

Canada's inflation eases but rate cut seen less likely

Canada's annual inflation rate moderated in October from a near three-year high in September but was still higher than expected, scaling back market bets for a central bank interest rate cut. The consumer price index (CPI) rose 2.9 percent in October from
Published 19 Nov, 2011 12:00am
Overseas importers' demand may stabilise cotton prices

Overseas importers' demand may stabilise cotton prices

Surge in demand by the cotton importing countries may help prices to resist decline in the coming days, dealers said on the cotton market on Friday. The Karachi Cotton Association (KCA) official spot rate was increased by Rs 100 to Rs 5,800, they said. Pr
Published 19 Nov, 2011 12:00am
Argentina's soyabean area seen at 19 million hectares

Argentina's soyabean area seen at 19 million hectares

Argentina's 2011/12 soyabean area is seen at 19.0 million hectares, up a touch from 18.9 million hectares last season, the Agriculture Ministry said on Thursday in its first forecast for the crop. The government forecast came just after the Buenos Aires G
Published 19 Nov, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 26,565 tonnes of cargo comprising 20,956 tonnes of import cargo and 5,609 tonnes of export cargo including 1,285 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 20,956 tonnes
Published 19 Nov, 2011 12:00am
High floods to delay planting of Vietnam's rice crop

High floods to delay planting of Vietnam's rice crop

High flood waters in Vietnam's Mekong Delta this year have delayed planting of the winter-spring rice crop, the country's most important, pushing the start of its harvest to early April instead of March, traders said on Wednesday.
Published 19 Nov, 2011 12:00am
Rates unchanged on grain market

Rates unchanged on grain market

There was no change on the wholesale grain and seed market on Friday as almost all the participants were busy in preparations for Juma prayers, garin and seed merchants group's press release showed.
Published 19 Nov, 2011 12:00am
HRW wheat bids firmer

HRW wheat bids firmer

Hard red winter wheat basis bids were steady to firmer on Friday as grain dealers looked to pull wheat out of the country ahead of the holidays, but farmers were mostly holding tight to supplies. Basis was up 20 cents a bushel in Wichita, Kansas, a dime a
Published 19 Nov, 2011 12:00am
Indonesia secures Vietnam rice, suspends imports

Indonesia secures Vietnam rice, suspends imports

Indonesia has suspended all rice imports for the year after securing a deal for 300,000 tonnes of the grain from Vietnam, which replaces a government-to-government pact reportedly cancelled by Thailand, an official said on Thursday. With this deal, and pu
Published 19 Nov, 2011 12:00am
Who owns what

Who owns what

'If you owe the bank 5 million, the bank owns you, but if you owe the bank 5 billion bucks, you own the bank', apparently an ancient rule of financial life. Predominantly, we had intelligent ancestors and curiously wisdom transmitted from generation to ge
Published 19 Nov, 2011 12:00am
KARACHI CHRONICLE: The male child

KARACHI CHRONICLE: The male child

A new-born baby boy who was kidnapped on November 4 from the National Institute of Child Health (NICH) was recovered ten days later. The nurse who stole the baby and the couple who paid her Rs 30,000 for the child were arrested, thus ending the drama of t
Published 19 Nov, 2011 12:00am
ART FACTS: Women and the lost civilisation

ART FACTS: Women and the lost civilisation

Mehtab Ali is basically a realistic painter and has done a lot of portraiture during his career. He has acquired a diverse mode of painting which distinguishes him among his contemporaries. The portraits of Brunei's Royal Family and portraits of Heroes of
Published 19 Nov, 2011 12:00am
Nutty Nuts

Nutty Nuts

Nuts are a part of our culinary culture for centuries. Almonds, walnuts, pistachio nuts, peanuts and coconuts are essential ingredients of many exotic dishes. They can be used as decoration in desserts, and in sweets. Nuts like Almonds and coconuts add fl
Published 19 Nov, 2011 12:00am
FIA can investigate President: Aitzaz

FIA can investigate President: Aitzaz

Senior lawyer Aitzaz Ahsan on Friday said although President of Pakistan enjoys constitutional immunity from prosecution during his term of office, he may be investigated in the event of a serious charge that is levelled against him. While talking to medi
Published 19 Nov, 2011 12:00am
BRIDGE NOTES: Well known technique

BRIDGE NOTES: Well known technique

Some plays in bridge are so rare that when they were first attempted, they became stamped with the identity of the declarer who successfully brought home the bridge contract that otherwise looked doomed for failure. Therefore, in bridge, it is time and ag
Published 19 Nov, 2011 12:00am
FIA can investigate President: Aitzaz

FIA can investigate President: Aitzaz

Senior lawyer Aitzaz Ahsan on Friday said although President of Pakistan enjoys constitutional immunity from prosecution during his term of office, he may be investigated in the event of a serious charge that is levelled against him. While talking to medi
Published 19 Nov, 2011 12:00am
Memo issue: Nawaz for 'special' inquiry committee

Memo issue: Nawaz for 'special' inquiry committee

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif on Friday said that the issue of writing a memo to the former US the chairman of joint chiefs of staff committee Adm Mike Mullen is a very serious and sensitive matter, and called for enquiring t
Published 19 Nov, 2011 12:00am
Memo issue: Nawaz for 'special' inquiry committee

Memo issue: Nawaz for 'special' inquiry committee

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif on Friday said that the issue of writing a memo to the former US the chairman of joint chiefs of staff committee Adm Mike Mullen is a very serious and sensitive matter, and called for enquiring t
Published 19 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 19 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 19 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 18, 2011).

Published 19 Nov, 2011 12:00am
Hina reiterates Islamabad's commitment

Hina reiterates Islamabad's commitment

Foreign Minister Hina Rabbani Khar on Friday denied Pakistan's 'hidden agenda' for pursuit of peace in Afghanistan and in the region, and reiterated Islamabad's commitment for playing its constructive role for peace and stability.
Published 19 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 18, 2011).

Published 19 Nov, 2011 12:00am
Hina reiterates Islamabad's commitment

Hina reiterates Islamabad's commitment

Foreign Minister Hina Rabbani Khar on Friday denied Pakistan's 'hidden agenda' for pursuit of peace in Afghanistan and in the region, and reiterated Islamabad's commitment for playing its constructive role for peace and stability.
Published 19 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 18, 2011).

Published 19 Nov, 2011 12:00am
Former Soviet states to create 'Eurasian Union'

Former Soviet states to create 'Eurasian Union'

Three ex-Soviet states agreed on Friday to create a Eurasian economic union, an EU-style project championed by Russian Prime Minister Vladimir Putin to bind closer the remnants of the USSR. Russian President Dmitry Medvedev and his Kazakhstan and Belarus
Published 19 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 18, 2011).

Published 19 Nov, 2011 12:00am
Former Soviet states to create 'Eurasian Union'

Former Soviet states to create 'Eurasian Union'

Three ex-Soviet states agreed on Friday to create a Eurasian economic union, an EU-style project championed by Russian Prime Minister Vladimir Putin to bind closer the remnants of the USSR. Russian President Dmitry Medvedev and his Kazakhstan and Belarus
Published 19 Nov, 2011 12:00am
Former Soviet states to create ''Eurasian Union''

Former Soviet states to create ''Eurasian Union''

Three ex-Soviet states agreed on Friday to create a Eurasian economic union, an EU-style project championed by Russian Prime Minister Vladimir Putin to bind closer the remnants of the USSR. Russian President Dmitry Medvedev and his Kazakhstan and Belarus
Published 19 Nov, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (November 18, 2011).
Published 19 Nov, 2011 12:00am
Pakistan, India were close to seal deal in 2007: Musharraf

Pakistan, India were close to seal deal in 2007: Musharraf

Former President General Pervez Musharraf has said that India and Pakistan were close to seal a deal on Sir Creek and Siachen issues in 2007 and papers to settle Kashmir issue were exchanged at the highest level. In an interview to a Delhi-based news chan
Published 19 Nov, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (November 18, 2011).

Published 19 Nov, 2011 12:00am
Pakistan, India were close to seal deal in 2007: Musharraf

Pakistan, India were close to seal deal in 2007: Musharraf

Former President General Pervez Musharraf has said that India and Pakistan were close to seal a deal on Sir Creek and Siachen issues in 2007 and papers to settle Kashmir issue were exchanged at the highest level. In an interview to a Delhi-based news chan
Published 19 Nov, 2011 12:00am
Index gains 24.39 points

Index gains 24.39 points

Buying in late hours in some select stocks on Friday supported the KSE-100 index to close in positive at 11,937.81 points, with a gain of 24.39 points. The index moved both ways, between 11,970.53 points intra-day high and 11,842.53 points intra-day low l
Published 19 Nov, 2011 12:00am
Index gains 24.39 points

Index gains 24.39 points

Buying in late hours in some select stocks on Friday supported the KSE-100 index to close in positive at 11,937.81 points, with a gain of 24.39 points. The index moved both ways, between 11,970.53 points intra-day high and 11,842.53 points intra-day low l
Published 19 Nov, 2011 12:00am
Index gains 24.39 points

Index gains 24.39 points

Buying in late hours in some select stocks on Friday supported the KSE-100 index to close in positive at 11,937.81 points, with a gain of 24.39 points. The index moved both ways, between 11,970.53 points intra-day high and 11,842.53 points intra-day low l
Published 19 Nov, 2011 12:00am
BRIndex30 down 80.31 points

BRIndex30 down 80.31 points

On Friday, the BRIndex30 opened at 9,157.61 points. It touched the intra-day high of 9,169.54 points and low of 9,033.28 points, and closed at 9,077.30 points with a net negative change of -80.31 points, or -0.88 percent lower than previous close.
Published 19 Nov, 2011 12:00am
BRIndex30 down 80.31 points

BRIndex30 down 80.31 points

On Friday, the BRIndex30 opened at 9,157.61 points. It touched the intra-day high of 9,169.54 points and low of 9,033.28 points, and closed at 9,077.30 points with a net negative change of -80.31 points, or -0.88 percent lower than previous close.
Published 19 Nov, 2011 12:00am
Pakistan breached rules, says Antofagasta, Barrick joint venture

Pakistan breached rules, says Antofagasta, Barrick joint venture

Tethyan Copper, a joint venture between Chile's Antofagasta and Barrick Gold, said a "summary decision" by a Pakistan region to reject a mining lease application for its Reko Diq project breached local rules and Pakistani law. Balochistan province rejecte
Published 19 Nov, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (November 18, 2011).

Published 19 Nov, 2011 12:00am
Pakistan breached rules, says Antofagasta, Barrick joint venture

Pakistan breached rules, says Antofagasta, Barrick joint venture

Tethyan Copper, a joint venture between Chile's Antofagasta and Barrick Gold, said a "summary decision" by a Pakistan region to reject a mining lease application for its Reko Diq project breached local rules and Pakistani law. Balochistan province rejecte
Published 19 Nov, 2011 12:00am
Pakistan breached rules, says Antofagasta, Barrick joint venture

Pakistan breached rules, says Antofagasta, Barrick joint venture

Tethyan Copper, a joint venture between Chile''s Antofagasta and Barrick Gold, said a "summary decision" by a Pakistan region to reject a mining lease application for its Reko Diq project breached local rules and Pakistani law. Balochistan province reject
Published 19 Nov, 2011 12:00am
Strike on Iran could hurt world economy, says Panetta

Strike on Iran could hurt world economy, says Panetta

US Defence Secretary Leon Panetta said he would raise American concerns about the unintended consequences of any military action against Iran during talks with his Israeli counterpart on Friday, including its potential impact on the world economy.
Published 19 Nov, 2011 12:00am
Strike on Iran could hurt world economy, says Panetta

Strike on Iran could hurt world economy, says Panetta

US Defence Secretary Leon Panetta said he would raise American concerns about the unintended consequences of any military action against Iran during talks with his Israeli counterpart on Friday, including its potential impact on the world economy.
Published 19 Nov, 2011 12:00am
Private vehicles: Ministry moves summary to end CNG fittings

Private vehicles: Ministry moves summary to end CNG fittings

Country will be facing severe gas load shedding in winter due to the growing demand-supply gap, said Minster for Petroleum and Natural Resources, Dr Asim Hussain on Friday. He stated this during a briefing to the National Assembly Standing Committee on Fi
Published 19 Nov, 2011 12:00am
Private vehicles: Ministry moves summary to end CNG fittings

Private vehicles: Ministry moves summary to end CNG fittings

Country will be facing severe gas load shedding in winter due to the growing demand-supply gap, said Minster for Petroleum and Natural Resources, Dr Asim Hussain on Friday. He stated this during a briefing to the National Assembly Standing Committee on Fi
Published 19 Nov, 2011 12:00am
Private vehicles: Ministry moves summary to end CNG fittings

Private vehicles: Ministry moves summary to end CNG fittings

Country will be facing severe gas load shedding in winter due to the growing demand-supply gap, said Minster for Petroleum and Natural Resources, Dr Asim Hussain on Friday. He stated this during a briefing to the National Assembly Standing Committee on Fi
Published 19 Nov, 2011 12:00am
Tax exemption on imported gas sought

Tax exemption on imported gas sought

The Ministry of Petroleum and Natural Resources has asked the Federal Board of Revenue to exempt imported gas from customs duty and sales tax to reduce the cost. The ministry forwarded and discussed these points with the FBR officials on Wednesday, Novemb
Published 19 Nov, 2011 12:00am
Tax exemption on imported gas sought

Tax exemption on imported gas sought

The Ministry of Petroleum and Natural Resources has asked the Federal Board of Revenue to exempt imported gas from customs duty and sales tax to reduce the cost. The ministry forwarded and discussed these points with the FBR officials on Wednesday, Novemb
Published 19 Nov, 2011 12:00am
Tax exemption on imported gas sought

Tax exemption on imported gas sought

The Ministry of Petroleum and Natural Resources has asked the Federal Board of Revenue to exempt imported gas from customs duty and sales tax to reduce the cost. The ministry forwarded and discussed these points with the FBR officials on Wednesday, Novemb
Published 19 Nov, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Nov, 2011 12:00am
Sharjeel Memon resigns

Sharjeel Memon resigns

Sindh Information Minister, Sharjeel Inam Memon has tendered his resignation to the President Asif Ali Zaridari, a private TV channel reported Friday. According to the channel, the minister presented his resignation to President Asif Ali Zardari in a meet
Published 19 Nov, 2011 12:00am
Iran to boycott Middle East nuclear talks

Iran to boycott Middle East nuclear talks

Iran will not attend a rare meeting for Middle East countries next week to discuss efforts to free the world of nuclear weapons, an Iranian official said, signalling worsening ties between the UN atomic agency and Iran. Ali Asghar Soltanieh, Iran's ambass
Published 19 Nov, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Nov, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) where equities moved both ways and finally closed with marginal declines amid decreased trading turnover. The LSE-25 index was slightly declined by 3.09 points and was ended at 3117.08 points a
Published 19 Nov, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Nov, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) where equities moved both ways and finally closed with marginal declines amid decreased trading turnover. The LSE-25 index was slightly declined by 3.09 points and was ended at 3117.08 points a
Published 19 Nov, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 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 10.70 points, as the Index moved from 2,700.95 to 2,711.
Published 19 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 10.70 points, as the Index moved from 2,700.95 to 2,711.
Published 19 Nov, 2011 12:00am
Pakistan beat Sri Lanka

Pakistan beat Sri Lanka

Pakistani bowlers held their nerves to stop a threatening Sri Lankan team to win the third day-night international by 21 runs here on Friday to take a 2-1 lead in the five-match series. Umar Gul (3-48) bowled well in the final overs to make sure good work
Published 19 Nov, 2011 12:00am
Indian journalists visit Business Recorder offices

Indian journalists visit Business Recorder offices

Trade volume between Pakistan and India is expected to increase substantially following the beginning of a new era of bilateral relations between the two neighbouring South Asian countries. These views were expressed by visiting Indian journalists during
Published 19 Nov, 2011 12:00am
Indian journalists visit Business Recorder offices

Indian journalists visit Business Recorder offices

Trade volume between Pakistan and India is expected to increase substantially following the beginning of a new era of bilateral relations between the two neighbouring South Asian countries. These views were expressed by visiting Indian journalists during
Published 19 Nov, 2011 12:00am
Seven Afghan children die in two blasts

Seven Afghan children die in two blasts

Eight Afghans, including seven children, were killed in two separate blasts Friday, officials said, the latest civilian deaths to hit the troubled country. In the first incident, four children died when a roadside bomb went off as they played near their h
Published 19 Nov, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (November 18, 2011).

Published 19 Nov, 2011 12:00am
Seven Afghan children die in two blasts

Seven Afghan children die in two blasts

Eight Afghans, including seven children, were killed in two separate blasts Friday, officials said, the latest civilian deaths to hit the troubled country. In the first incident, four children died when a roadside bomb went off as they played near their h
Published 19 Nov, 2011 12:00am
EU concessions to Pakistan: Brazil to review earlier decision

EU concessions to Pakistan: Brazil to review earlier decision

A ministerial meeting of Brazil government has been underway to review its concerns, which were raised at World Trade Organisation against EU concessions to Pakistan, it is learnt. Prior to the meeting in Brazil, Foreign Minister Hina Rabani Khar also hel
Published 19 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (November 18, 2011).

Published 19 Nov, 2011 12:00am
EU concessions to Pakistan: Brazil to review earlier decision

EU concessions to Pakistan: Brazil to review earlier decision

A ministerial meeting of Brazil government has been underway to review its concerns, which were raised at World Trade Organisation against EU concessions to Pakistan, it is learnt. Prior to the meeting in Brazil, Foreign Minister Hina Rabani Khar also hel
Published 19 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (November 18, 2011).

Published 19 Nov, 2011 12:00am
EU concessions to Pakistan: Brazil to review earlier decision

EU concessions to Pakistan: Brazil to review earlier decision

A ministerial meeting of Brazil government has been underway to review its concerns, which were raised at World Trade Organisation against EU concessions to Pakistan, it is learnt. Prior to the meeting in Brazil, Foreign Minister Hina Rabani Khar also hel
Published 19 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (November 18, 2011).

Published 19 Nov, 2011 12:00am
Obama opens door to new US ties with Myanmar

Obama opens door to new US ties with Myanmar

US President Barack Obama said on Friday he saw "flickers of progress" in Myanmar, dispatching Secretary of State Hillary Clinton for a historic visit that could draw the country out of half a century of global isolation. Obama, in Indonesia for a summit
Published 19 Nov, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways against dollar on the currency market on Friday in process of trading, money dealers said. The rupee resisted fresh losses versus dollar, gaining six paisa for buying at 87.04 and rose by seven paisa for selling at 87.08, they sa
Published 19 Nov, 2011 12:00am
Obama opens door to new US ties with Myanmar

Obama opens door to new US ties with Myanmar

US President Barack Obama said on Friday he saw "flickers of progress" in Myanmar, dispatching Secretary of State Hillary Clinton for a historic visit that could draw the country out of half a century of global isolation. Obama, in Indonesia for a summit
Published 19 Nov, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways against dollar on the currency market on Friday in process of trading, money dealers said. The rupee resisted fresh losses versus dollar, gaining six paisa for buying at 87.04 and rose by seven paisa for selling at 87.08, they sa
Published 19 Nov, 2011 12:00am
Singapore ruling party member quits over Muslim insult

Singapore ruling party member quits over Muslim insult

A member of Singapore's ruling party has been forced to quit and is under police investigation after using a Facebook post to describe Muslim children in a school bus as terrorists in training. A police spokesman told AFP Friday that they were investigati
Published 19 Nov, 2011 12:00am
Singapore ruling party member quits over Muslim insult

Singapore ruling party member quits over Muslim insult

A member of Singapore's ruling party has been forced to quit and is under police investigation after using a Facebook post to describe Muslim children in a school bus as terrorists in training. A police spokesman told AFP Friday that they were investigati
Published 19 Nov, 2011 12:00am
Former fund manager given five years for insider trading

Former fund manager given five years for insider trading

Former FrontPoint Partners hedge fund manager Dr Joseph "Chip" Skowron, one of the most prominent investors caught in a US crackdown on insider trading, was sentenced to five years in prison on Friday. Skowron, 42, pleaded guilty in August to trading in 2
Published 19 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 18, 2011).

Published 19 Nov, 2011 12:00am
Former fund manager given five years for insider trading

Former fund manager given five years for insider trading

Former FrontPoint Partners hedge fund manager Dr Joseph "Chip" Skowron, one of the most prominent investors caught in a US crackdown on insider trading, was sentenced to five years in prison on Friday. Skowron, 42, pleaded guilty in August to trading in 2
Published 19 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 18, 2011).

Published 19 Nov, 2011 12:00am
Former fund manager given five years for insider trading

Former fund manager given five years for insider trading

Former FrontPoint Partners hedge fund manager Dr Joseph "Chip" Skowron, one of the most prominent investors caught in a US crackdown on insider trading, was sentenced to five years in prison on Friday. Skowron, 42, pleaded guilty in August to trading in 2
Published 19 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 18, 2011).

Published 19 Nov, 2011 12:00am
Former fund manager given five years for insider trading

Former fund manager given five years for insider trading

Former FrontPoint Partners hedge fund manager Dr Joseph "Chip" Skowron, one of the most prominent investors caught in a US crackdown on insider trading, was sentenced to five years in prison on Friday. Skowron, 42, pleaded guilty in August to trading in 2
Published 19 Nov, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (November 18, 2011) and for Saturday (November 19, 2011).
Published 19 Nov, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (November 18, 2011).

Published 19 Nov, 2011 12:00am
Canada, Mexico defeat US in WTO meat ruling

Canada, Mexico defeat US in WTO meat ruling

Canada and Mexico won a trade case against a US law on meat labelling on Friday, in a move that may boost shipments of cattle and hogs to the United States. A World Trade Organisation dispute panel agreed with their complaint that mandatory US labelling l
Published 19 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 19 Nov, 2011 12:00am
Canada, Mexico defeat US in WTO meat ruling

Canada, Mexico defeat US in WTO meat ruling

Canada and Mexico won a trade case against a US law on meat labelling on Friday, in a move that may boost shipments of cattle and hogs to the United States. A World Trade Organisation dispute panel agreed with their complaint that mandatory US labelling l
Published 19 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 19 Nov, 2011 12:00am
Canada, Mexico defeat US in WTO meat ruling

Canada, Mexico defeat US in WTO meat ruling

Canada and Mexico won a trade case against a US law on meat labelling on Friday, in a move that may boost shipments of cattle and hogs to the United States. A World Trade Organisation dispute panel agreed with their complaint that mandatory US labelling l
Published 19 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 18, 2011).

Published 19 Nov, 2011 12:00am
Rental power company: Apex court's move to recover Rs 2.5 billion lauded

Rental power company: Apex court's move to recover Rs 2.5 billion lauded

Pakistan Industrial and Traders Association Front (PIAF) has paid rich tributes to Supreme Court of Pakistan for ordering recovery of Rs 4.5 billion from a rental power company, saying the decision would go a long way in helping remove the menace of corru
Published 19 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 15, 2011.

Published 19 Nov, 2011 12:00am
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