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Archive - 2011-11-23
Disney comes to YouTube
Life & Style

Disney comes to YouTube

SAN FRANCISCO: Disney films were available for rent on YouTube on Wednesday in the latest bid by the Google-owned websit
Published 23 Nov, 2011 11:18pm
Soymeal eases on econ woes
Commodities

Soymeal eases on econ woes

ROTTERDAM: Soymeal prices on the European meals and feeds market eased further on Wednesday following CBOT soymeal futur
Published 23 Nov, 2011 08:20pm
ISE-10 sheds 29 points
Markets

ISE-10 sheds 29 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bearish trend as the index was down by 29.13 po
Published 23 Nov, 2011 04:55pm
Rupee weakens; KSE down
Markets

Rupee weakens; KSE down

KARACHI: The rupee fell on Wednesday, inching closer to its record low amid higher dollar demand from importers, and dea
Published 23 Nov, 2011 02:55pm
Yemen's Saleh signs deal to quit power
Top News

Yemen's Saleh signs deal to quit power

RIYADH: Yemeni President Ali Abdullah signed a deal on Wednesday to hand over his powers after 33 years in office which
Published 23 Nov, 2011 01:46pm
Indian shares plunge to two-year low
Top News

Indian shares plunge to two-year low

MUMBAI: India's leading share index of blue-chip companies tumbled to a two-year low on Wednesday on growing investor co
Published 23 Nov, 2011 01:46pm
Debt reaches Rs11 trillion in FY11
Top News

Debt reaches Rs11 trillion in FY11

ASMA RAZAQ ISLAMABAD : Pakistan 's domestic debt has increased by Rs 2.15 trillion in FY 11 as compared to year 2009
Published 23 Nov, 2011 06:39am
West Indies 378-3 v India
Cricket

West Indies 378-3 v India

MUMBAI: West Indies were 378 for three wickets at lunch on the second day of the third and final test against India at W
Published 23 Nov, 2011 06:34am
Death toll in Syria violence hits 33
Top News

Death toll in Syria violence hits 33

NICOSIA: The death toll from a fresh surge of violence in Syrian flashpoints has risen to 33, rights activists said Wedn
Published 23 Nov, 2011 05:30am
'5pc' regime restored from Nov 4
Top News

'5pc' regime restored from Nov 4

RECORDER REPORT ISLAMABAD: The old sales tax zero-rating regime for five export sectors and commercial importers unde
Published 23 Nov, 2011 04:32am
Egypt military offers handover of power
Top News

Egypt military offers handover of power

CAIRO: Egypt's military ruler said on Tuesday that presidential polls will be held by the end of June, and offered a ref
Published 23 Nov, 2011 04:15am
Euro dives on Europe worries
Financial

Euro dives on Europe worries

SINGAPORE: The euro fell against the dollar in Asian trade Wednesday amid fears France risks a credit downgrade and afte
Published 23 Nov, 2011 03:48am
Stalemate at Capitol Hill
BR Research

Stalemate at Capitol Hill

The next time the IMF points a finger at Pakistans inept fiscal management, officials can say weve learnt it from the boss; the ambivalent s
Published 23 Nov, 2011 12:00am
PTAs faux pas
BR Research

PTAs faux pas

So PTA backtracks, for the time being, from ordering mobile network operators to filter abusive and obscene SMS content, but only after crea
Published 23 Nov, 2011 12:00am
Jayawardene to miss fifth ODI

Jayawardene to miss fifth ODI

Injured middle-order batsman Mahela Jayawardene has been ruled out of Sri Lanka's last two matches against Pakistan and returned home, team manager Anura Tennekoon said on Tuesday. The 34-year-old batsman hit a half century in his team's 26-run defeat in
Published 23 Nov, 2011 12:00am
Murray confirms for Brisbane International

Murray confirms for Brisbane International

World number three Andy Murray announced Tuesday he would start his 2012 season at the Brisbane International in preparation for the Australian Open. The Scot, who lost to Spain's David Ferrer in his opening Group A match at the ATP World Tour finals on M
Published 23 Nov, 2011 12:00am
Tsonga beats Fish to keep semi-final hopes alive

Tsonga beats Fish to keep semi-final hopes alive

Jo-Wilfried Tsonga remains in the hunt for a place in the semi-finals of the ATP World Tour Finals after the French sixth seed defeated America's Mardy Fish 7-6 (7/4), 6-1 on Tuesday. Tsonga, who lost his opening Group B match against Roger Federer, still
Published 23 Nov, 2011 12:00am
Pakistan women cricket team qualifies for World Cup

Pakistan women cricket team qualifies for World Cup

Pakistan women cricket team entered into the semi-final of ICC Women's World Cup qualifier on Tuesday after beating the Netherlands by 193 runs in the quarterfinals at Narayanganj Osmani Stadium, Fatullah, Dhaka. With this victory Pakistan's women team qu
Published 23 Nov, 2011 12:00am
Mendis, Fernando back in Test squad

Mendis, Fernando back in Test squad

Spinner Ajantha Mendis and fast bowler Dilhara Fernando are back in Sri Lanka's Test squad for the tour of South Africa next month, the selectors announced on Tuesday. Mendis was left out of the 1-0 series defeat by Pakistan due to a back injury but has b
Published 23 Nov, 2011 12:00am
Greene slams football's place in Olympics

Greene slams football's place in Olympics

World 400 metres hurdles champion Dai Greene has hit out at the inclusion of football at next year's London Olympics, saying he doesn't want to see athletes "overshadowed" by the likes of David Beckham. The British Olympic Association (BOA) have come unde
Published 23 Nov, 2011 12:00am
Edwards, Bravo make West Indies day

Edwards, Bravo make West Indies day

In-form Kirk Edwards and Darren Bravo capped an impressive West Indies batting performance with unbeaten half-centuries on the opening day of the third and final Test against India on Tuesday. Edwards (65 not out) and left-handed Bravo (57 not out) put on
Published 23 Nov, 2011 12:00am
Arthur named Australia coach

Arthur named Australia coach

South Africa's Mickey Arthur was Tuesday appointed Australia's new head cricket coach two months after Tim Nielsen quit, completing a sweeping revamp of the way the team is run. The 43-year-old is the first non-Australian to be handed the job and will ass
Published 23 Nov, 2011 12:00am
Lorgat to leave ICC chief executive post

Lorgat to leave ICC chief executive post

International Cricket Council chief executive Haroon Lorgat is to stand down from the position on June 30, 2012, the ICC announced on Tuesday. The 51-year-old former South Africa first-class cricketer, took over as ICC chief executive in 2008 and already
Published 23 Nov, 2011 12:00am
Curtain falls on troubled Games

Curtain falls on troubled Games

A mesmerising closing ceremony for the Southeast Asian Games Tuesday was unable to lift the pall cast over competition by the deaths of two fans in a stampede at the headline football final. Fireworks and dancers lit up the centrepiece stadium in Palemban
Published 23 Nov, 2011 12:00am
Money markets: debt stress forces more bank borrowing at ECB

Money markets: debt stress forces more bank borrowing at ECB

Eurozone banks increased their borrowing at the European Central Bank to the highest level in two years on Tuesday, highlighting the growing difficulty of sourcing funding from interbank markets as the region's debt crisis escalates. Spain and Italy face
Published 23 Nov, 2011 12:00am
Indian rupee falls to all-time low

Indian rupee falls to all-time low

The Indian rupee fell to an all-time low on Tuesday as oil refiners and other companies scrambled to buy dollars, with the currency looking increasingly vulnerable to a swelling current account deficit and fears over the global economy and eurozone.
Published 23 Nov, 2011 12:00am
Asian currencies down

Asian currencies down

Asian currencies edged lower on Tuesday, with the South Korean won sliding to its lowest level in a month and the Indian rupee hitting a record low, as the eurozone's debt crisis and dollar funding strains left investors with little appetite for riskier a
Published 23 Nov, 2011 12:00am
Australian and New Zealand dollars near lows

Australian and New Zealand dollars near lows

The Australian and New Zealand dollars were struggling with heavy losses on the dollar and yen on Tuesday, while bonds rallied on intensifying eurozone contagion fears. The Australian dollar found a temporary floor around $0.9838, just off a six-week trou
Published 23 Nov, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 76.62-76.65 (previous 76.60-76.61). Call Money Rates: 06.50/08.00 percent (previous 06.50-12.00 percent).
Published 23 Nov, 2011 12:00am
Dollar rises sharply

Dollar rises sharply

The US dollar rose sharply on Monday against higher-yielding currencies as deteriorating fiscal outlooks in the United States and Europe prompted investors to cut exposure to riskier assets. A sell-off in US stocks and a warning from China's vice premier
Published 23 Nov, 2011 12:00am
Early trade in New York: euro rallies

Early trade in New York: euro rallies

The euro rallied against the dollar on Tuesday after the International Monetary Fund beefed up its lending instruments and introduced a new six-month liquidity line, throwing help to countries at risk from the eurozone crisis. The IMF said its more flexib
Published 23 Nov, 2011 12:00am
Euro rises in London

Euro rises in London

The euro rose on Tuesday as investors trimmed bets to sell the shared currency, but it was vulnerable to more selling on concerns that politicians on both sides of the Atlantic are failing to tackle huge debt burdens. Such worries, illustrated by the grow
Published 23 Nov, 2011 12:00am
Dollar near six-week high

Dollar near six-week high

The dollar stuck near a six-week high against a basket of currencies on Tuesday on a sharp pullback in global risk appetite as the sovereign debt storm intensified on both sides of the Atlantic. Severe dollar funding strains supported the US currency as E
Published 23 Nov, 2011 12:00am
Sterling falls

Sterling falls

Sterling fell to a six-week low against the dollar on Tuesday as riskier currencies were hampered by concerns about failed plans to cut the US deficit and the eurozone's entrenched debt crisis. Data unexpectedly revealing the US growth was slower than ear
Published 23 Nov, 2011 12:00am
Yuan fall

Yuan fall

The yuan ended down slightly against the dollar on Tuesday after the People's Bank of China set the mid-point marginally lower, but the Chinese currency is expected to stay relatively strong bolstered by long-term policy objectives. Dealers said the yuan
Published 23 Nov, 2011 12:00am
FTSE 100 hits seven-week low

FTSE 100 hits seven-week low

Britain's top shares index hit a seven-week closing low on Tuesday, led lower by energy stocks on worries slower US growth would crimp demand for crude while Commerzbank's funding concerns hit Royal Bank of Scotland and Lloyds Banking Group. The US econom
Published 23 Nov, 2011 12:00am
Indian shares snap eight-day fall

Indian shares snap eight-day fall

Indian shares closed 0.75 percent higher on Tuesday on short covering, snapping an eight session losing streak, although the gains are seen as temporary as concerns over tardy policymaking and a falling rupee continue to weigh. Investors rushed to cover s
Published 23 Nov, 2011 12:00am
Hong Kong shares up, China down

Hong Kong shares up, China down

Hong Kong shares edged up 0.1 percent on Tuesday, reversing early losses to snap a five-session losing streak, with defensive names strong as investors hunted for safety while risk aversion stayed high in global markets. After European stock futures opene
Published 23 Nov, 2011 12:00am
South East Asian markets soar

South East Asian markets soar

Southeast Asian stock markets pushed higher in light volume on Tuesday as bargain-hunting helped reverse some of the recent losses in consumer and commodities-related stocks but worries about the health of Western economies have not gone away. Most market
Published 23 Nov, 2011 12:00am
Treasuries climb

Treasuries climb

US Treasuries prices rose on Monday as stock market losses and the difficulties some eurozone countries face selling debt in the capital markets spurred a flight to safe-haven assets like Treasuries. Major US stock indexes were over 1.5 percent lower, ext
Published 23 Nov, 2011 12:00am
Treasuries climb

Treasuries climb

US Treasuries prices rose on Monday as stock market losses and the difficulties some eurozone countries face selling debt in the capital markets spurred a flight to safe-haven assets like Treasuries. Major US stock indexes were over 1.5 percent lower, ext
Published 23 Nov, 2011 12:00am
European shares lower

European shares lower

European shares fell for a fourth straight session in light trading on Tuesday, with record-high yields at a Spanish debt auction weighing on banks and showing investors are far from convinced the eurozone is on track to solve its debt crisis. Spain paid
Published 23 Nov, 2011 12:00am
US stocks sink on global debt worry

US stocks sink on global debt worry

US stocks fell for a fourth session on Monday, as the lack of progress in dealing with heavy debt both in the United States and Europe further sapped investor confidence in equities. Risky assets like commodities also fell, sparking a selloff in shares of
Published 23 Nov, 2011 12:00am
Tuesday's early afternoon trade: Wall Street flat

Tuesday's early afternoon trade: Wall Street flat

US stocks were little changed in a choppy session on Tuesday as markets reacted to headlines about Europe's debt crisis and digested data showing the US economy grew more slowly than previously thought. The US economy grew at a 2 percent annual rate in th
Published 23 Nov, 2011 12:00am
Nikkei pares losses

Nikkei pares losses

The Nikkei average pared losses after tumbling to an 8-month low on Tuesday as riskier assets were sold on a lack of progress in US and European debt problems, but investors said the index may still fall to depths plumbed in the wake of the March earthqua
Published 23 Nov, 2011 12:00am
Tokyo Exchange to buy Osaka bourse, creates world's No 3 exchange

Tokyo Exchange to buy Osaka bourse, creates world's No 3 exchange

The Tokyo Stock Exchange will take-over its smaller rival in Osaka in 2013 to create the world's third-biggest bourse with listed stocks worth $3.6 trillion, aiming to build scale to cope with a weak home market and compete with a flurry of global tie-ups
Published 23 Nov, 2011 12:00am
Seoul shares up

Seoul shares up

Seoul shares reversed earlier losses to eke out a small gain on Tuesday after two consecutive falling sessions, but rises were limited as a lack of progress in dealing with debt issues in the United States and Europe sapped investor confidence. "The small
Published 23 Nov, 2011 12:00am
South Korea ratifies landmark US trade deal

South Korea ratifies landmark US trade deal

South Korea's ruling conservatives rammed a bitterly contested free trade deal with the United States through parliament on Tuesday as legislators scuffled and one opposition lawmaker let off a tear gas device, briefly clearing the chamber. The deal, whic
Published 23 Nov, 2011 12:00am
Spanish yields spike as crisis exits blocked

Spanish yields spike as crisis exits blocked

Spain's short-term borrowing costs hit a 14-year high on Tuesday as political uncertainty about a solution to the eurozone's sovereign debt crisis punished another vulnerable southern European country. European Union paymaster Germany continues to block t
Published 23 Nov, 2011 12:00am
Paris, Berlin to propose EU treaty changes: Sarkozy

Paris, Berlin to propose EU treaty changes: Sarkozy

France and Germany will soon propose modifications to European treaties in order to avoid economic divergences in the future, French President Nicolas Sarkozy said on Tuesday. "We are soon going to make proposals on modifying the treaties to avoid countri
Published 23 Nov, 2011 12:00am
China rating agency downgrades Greek debt

China rating agency downgrades Greek debt

Chinese rating agency Dagong said Tuesday it had cut its sovereign rating for Greece to the second-lowest level because the indebted nation was no longer solvent and needed massive restructuring. The agency cut Greek debt from triple-C to C and warned it
Published 23 Nov, 2011 12:00am
Thailand, Malaysia at risk in global slump: Fitch

Thailand, Malaysia at risk in global slump: Fitch

Thailand and Malaysia would be the most at risk among Asia's developing countries if there were a sharp deterioration in the global economy, Fitch ratings agency said Tuesday. Indonesia is the least exposed and has a larger capacity to bring in stimulus m
Published 23 Nov, 2011 12:00am
Occupy marchers from New York reach Washington

Occupy marchers from New York reach Washington

Weary but determined Occupy Wall Street protesters strolled into Washington in the rain on Tuesday, completing a 13-day march from New York for a cause they said was far from over. Carrying a US flag and an orange "people before profit" poster, they plann
Published 23 Nov, 2011 12:00am
Hotmail co-founder launches free SMS service

Hotmail co-founder launches free SMS service

Indian IT entrepreneur Sabeer Bhatia on Tuesday launched a free text messaging service, promising that it would be as revolutionary as his previous venture, Hotmail. Bhatia, who co-founded the free email service 15 years ago, said in a statement that his
Published 23 Nov, 2011 12:00am
US economy grows slowly in third quarter

US economy grows slowly in third quarter

The US economy grew more slowly than previously estimated in the third quarter as businesses sold inventory to meet strong demand, and a need to restock will likely help propel the recovery this quarter. Gross domestic product grew at a 2.0 percent annual
Published 23 Nov, 2011 12:00am
East Asia cushioned from global crisis: World Bank

East Asia cushioned from global crisis: World Bank

Growth in East Asian economies will slow next year with demand from key export markets in the United States and Europe falling as they struggle with their debt crises, the World Bank warned Tuesday. However the region's large foreign reserves and current-
Published 23 Nov, 2011 12:00am
East Asia cushioned from global crisis: World Bank

East Asia cushioned from global crisis: World Bank

Growth in East Asian economies will slow next year with demand from key export markets in the United States and Europe falling as they struggle with their debt crises, the World Bank warned Tuesday. However the region's large foreign reserves and current-
Published 23 Nov, 2011 12:00am
Canada, UAE settle aviation row

Canada, UAE settle aviation row

Canada and the United Arab Emirates have put a row over aviation rights behind them, Canadian Foreign Affairs Minister John Baird said Tuesday. "Yes, we went through a bit of a rough patch last year but I'm pleased to report that I see things going in an
Published 23 Nov, 2011 12:00am
Bank of America faces US regulatory action

Bank of America faces US regulatory action

Bank of America could face action from regulators if the company is judged to have fallen short with measures to strengthen its business, the Wall Street Journal reported Tuesday. Bank of America has been operating under a memorandum of understanding sinc
Published 23 Nov, 2011 12:00am
China doubles Hong Kong yuan swaps to offer relief valve

China doubles Hong Kong yuan swaps to offer relief valve

China's central bank doubled the size of a currency swap with Hong Kong to 400 billion yuan ($63 billion) on Tuesday, a move aimed at giving the financial centre a bigger relief valve to cope with rising demand for trade settlement in the currency.
Published 23 Nov, 2011 12:00am
Mexico's economy grows

Mexico's economy grows

Mexico's economic growth quickened in the third quarter, beating estimates as services grew at the fastest pace in two years. The national statistics agency on Tuesday said gross domestic product rose 1.3 percent in the third quarter from the second quart
Published 23 Nov, 2011 12:00am
Venezuela's bank sees fourth quarter growth near five percent

Venezuela's bank sees fourth quarter growth near five percent

Venezuela's economic growth should accelerate to around 5 percent in the fourth quarter compared with the same period of the previous year, a central bank director said on Tuesday. After two years of contraction, the South American Opec member's economy h
Published 23 Nov, 2011 12:00am
Venezuela's bank sees fourth quarter growth near five percent

Venezuela's bank sees fourth quarter growth near five percent

Venezuela's economic growth should accelerate to around 5 percent in the fourth quarter compared with the same period of the previous year, a central bank director said on Tuesday. After two years of contraction, the South American Opec member's economy h
Published 23 Nov, 2011 12:00am
Commerzbank may need five billion euros more capital

Commerzbank may need five billion euros more capital

Commerz-bank may need considerably more capital than previously expected to meet a targeted 9 percent core capital buffer by mid-2012 as demanded by the EU's banking watchdog, several persons close to the bank told Reuters. Commerzbank's share price fell
Published 23 Nov, 2011 12:00am
China cuts reserve requirement for five rural banks

China cuts reserve requirement for five rural banks

China's central bank cut reserve requirements for five rural banks as part of long-standing efforts to support the rural economy, two sources with knowledge of the matter said on Tuesday. One of the sources said reserve rates for the five banks in the eas
Published 23 Nov, 2011 12:00am
Brazil's current account widens

Brazil's current account widens

Brazil's current account deficit for October widened less than expected from September at the same time the country attracted less foreign direct investment. Brazil posted a current account deficit of $3.1 billion in October, the central bank said on Tues
Published 23 Nov, 2011 12:00am
Hungary requests financial help from IMF, EU

Hungary requests financial help from IMF, EU

Hungary has officially requested precautionary financial help from the IMF and the European Union, confirming a sharp reversal of the government's opposition to working under the international lender's guidance. Both the IMF and the European Commission sa
Published 23 Nov, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was easier and the January contract was unchanged on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December contract that had ended at Rs 1307.80 opened with a fall of 20 paisa to 1307.60. The
Published 23 Nov, 2011 12:00am
Minor changes in modest trading on grain market

Minor changes in modest trading on grain market

Modest trading was seen on the wholesale grain market on Tuesday as most of the buyers kept on the sidelines to see the fresh developments, dealers said. On the cereal side makai low type shed Rs 25 to Rs 2100 while the best type was unchanged at Rs 2250,
Published 23 Nov, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 108,484 tonnes of cargo comprising 79,727 tonnes of import cargo and 28,757 tonnes of export cargo including 6,983 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 79,727 ton
Published 23 Nov, 2011 12:00am
Vietnam's coffee harvest near 30 percent finished, sales slow

Vietnam's coffee harvest near 30 percent finished, sales slow

Vietnam has picked up to 30 percent of its 2011/2012 coffee crop but trading was slow with domestic prices holding on par with London futures, while exporters sought selling prices above foreign buyers' bids, traders said on Tuesday. Buying demand remains
Published 23 Nov, 2011 12:00am
US Midwest corn and soya bids mostly flat

US Midwest corn and soya bids mostly flat

Spot basis bids for corn and soyabeans were mostly flat in the US interior Midwest on Monday and farmer selling remained quiet as a drop in Chicago Board of Trade futures sent flat prices lower, dealers said. Farmers have been hesitant to sell much of the
Published 23 Nov, 2011 12:00am
Importers turn to palm oil from soyaoil: Oil World

Importers turn to palm oil from soyaoil: Oil World

Uncompetitive soyaoil prices and tight export supplies are pushing consumer demand towards cheaper palm oil and sunflower oil, Hamburg-based oilseeds analysts Oil World said on Tuesday. Soyaoil has lost price competitiveness against palm and sun oil, Oil
Published 23 Nov, 2011 12:00am
Oil World raises Brazilian soyabean crop forecast

Oil World raises Brazilian soyabean crop forecast

German oilseeds analysts Oil World has raised its forecast of Brazil's 2012 soyabean crop by 1 million tonnes after favourable weather but cut its forecast of Argentina's crop by 1 million tonnes, it said on Tuesday. Oil World raised its forecast of Brazi
Published 23 Nov, 2011 12:00am
India agrees to export one million tonnes of sugar

India agrees to export one million tonnes of sugar

India has decided to allow one million tonnes of white sugar exports, Trade Minister Anand Sharma said on Tuesday, double initial expectations from the world's second-biggest producer and sending global prices lower. "We have to balance the interest of fa
Published 23 Nov, 2011 12:00am
New York cotton

New York cotton

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

Published 23 Nov, 2011 12:00am
New York cotton

New York cotton

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

Published 23 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 23 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 23 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 Tuesday (November 22, 2011).

Published 23 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 Tuesday (November 22, 2011).

Published 23 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 Tuesday (November 22, 2011).

Published 23 Nov, 2011 12:00am
Haqqani the fall guy?

Haqqani the fall guy?

Pakistan Ambassador to the US Husain Haqqani has resigned over allegations he wrote a memo to Admiral Mullen asking for the US help in 'reining in" the army and the ISI. Haqqani on Tuesday tendered his resignation to Prime 1Minister Yousuf Raza Gilani and
Published 23 Nov, 2011 12:00am
Haqqani the fall guy?

Haqqani the fall guy?

Pakistan Ambassador to the US Husain Haqqani has resigned over allegations he wrote a memo to Admiral Mullen asking for the US help in 'reining in" the army and the ISI. Haqqani on Tuesday tendered his resignation to Prime 1Minister Yousuf Raza Gilani and
Published 23 Nov, 2011 12:00am
On twitter

On twitter

Hussain Haqqani said on Tuesday that he has much to contribute to building a 'new Pakistan'- free of bigotry and intolerance. In his message on the Twitter, following his request to Prime Minister Syed Yousuf Raza Gilani to accept his resignation, Haqqani
Published 23 Nov, 2011 12:00am
On twitter

On twitter

Hussain Haqqani said on Tuesday that he has much to contribute to building a 'new Pakistan'- free of bigotry and intolerance. In his message on the Twitter, following his request to Prime Minister Syed Yousuf Raza Gilani to accept his resignation, Haqqani
Published 23 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 Tuesday (November 22, 2011).

Published 23 Nov, 2011 12:00am
Envoy asked by Prime Minister to resign: investigation ordered

Envoy asked by Prime Minister to resign: investigation ordered

Prime Min-ister, Yousuf Raza Gilani has ordered a detailed investigation at an appropriate level and in the meanwhile he asked Pakistan Ambassador to the US Hussain Haqqani to submit his resignation so that the investigation can be carried out properly.
Published 23 Nov, 2011 12:00am
Envoy asked by Prime Minister to resign: investigation ordered

Envoy asked by Prime Minister to resign: investigation ordered

Prime Min-ister, Yousuf Raza Gilani has ordered a detailed investigation at an appropriate level and in the meanwhile he asked Pakistan Ambassador to the US Hussain Haqqani to submit his resignation so that the investigation can be carried out properly.
Published 23 Nov, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (November 22, 2011).
Published 23 Nov, 2011 12:00am
Gardezi appointed acting ambassador

Gardezi appointed acting ambassador

Following Hussain Haqqani's resignation, Iffat Imran Gardezi, the Deputy Chief of Mission, has been appointed Pakistan's acting Ambassador to the US. According to Foreign Office sources, Gardezi has been given responsibility to serve as Pakistan's acting
Published 23 Nov, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (November 22, 2011).

Published 23 Nov, 2011 12:00am
Gardezi appointed acting ambassador

Gardezi appointed acting ambassador

Following Hussain Haqqani's resignation, Iffat Imran Gardezi, the Deputy Chief of Mission, has been appointed Pakistan's acting Ambassador to the US. According to Foreign Office sources, Gardezi has been given responsibility to serve as Pakistan's acting
Published 23 Nov, 2011 12:00am
'Memo' issue Pakistan's internal matter: Munter

'Memo' issue Pakistan's internal matter: Munter

United States Ambassador to Pakistan Cameron Munter, terming 'memogate' scandal an internal matter of Pakistan, Tuesday said that his country was ready to help probe the matter if requested. He was talking to media persons in Rawalpindi after visiting Med
Published 23 Nov, 2011 12:00am
'Memo' issue Pakistan's internal matter: Munter

'Memo' issue Pakistan's internal matter: Munter

United States Ambassador to Pakistan Cameron Munter, terming 'memogate' scandal an internal matter of Pakistan, Tuesday said that his country was ready to help probe the matter if requested. He was talking to media persons in Rawalpindi after visiting Med
Published 23 Nov, 2011 12:00am
First Islamic inter-bank benchmark launched

First Islamic inter-bank benchmark launched

A consortium of Islamic banks and financial industry associations launched the industry's first international Islamic interbank rate on Tuesday, offering a sharia-compliant alternative to traditional interest-based benchmarks. The Islamic Interbank Benchm
Published 23 Nov, 2011 12:00am
First Islamic inter-bank benchmark launched

First Islamic inter-bank benchmark launched

A consortium of Islamic banks and financial industry associations launched the industry's first international Islamic interbank rate on Tuesday, offering a sharia-compliant alternative to traditional interest-based benchmarks. The Islamic Interbank Benchm
Published 23 Nov, 2011 12:00am
First Islamic inter-bank benchmark launched

First Islamic inter-bank benchmark launched

A consortium of Islamic banks and financial industry associations launched the industry''s first international Islamic interbank rate on Tuesday, offering a sharia-compliant alternative to traditional interest-based benchmarks. The Islamic Interbank Bench
Published 23 Nov, 2011 12:00am
IMF sets new lending tool to fight crisis contagion

IMF sets new lending tool to fight crisis contagion

The International Monetary Fund announced a new lending facility aimed at helping "bystander" countries protect themselves from contagion during financial crises Tuesday. The announcement of the facility, first proposed earlier this year, came as Italy an
Published 23 Nov, 2011 12:00am
IMF sets new lending tool to fight crisis contagion

IMF sets new lending tool to fight crisis contagion

The International Monetary Fund announced a new lending facility aimed at helping "bystander" countries protect themselves from contagion during financial crises Tuesday. The announcement of the facility, first proposed earlier this year, came as Italy an
Published 23 Nov, 2011 12:00am
IMF sets new lending tool to fight crisis contagion

IMF sets new lending tool to fight crisis contagion

The International Monetary Fund announced a new lending facility aimed at helping "bystander" countries protect themselves from contagion during financial crises Tuesday. The announcement of the facility, first proposed earlier this year, came as Italy an
Published 23 Nov, 2011 12:00am
Goods Declaration: Supreme Court asks FBR to submit report

Goods Declaration: Supreme Court asks FBR to submit report

The Supreme Court directed Federal Board of Revenue (FBR) to submit a comprehensive report of Goods Declaration (Bills of Entries) relating to Rental Power Plants (RPPs). A two-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry has been hear
Published 23 Nov, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (November 22, 2011).

Published 23 Nov, 2011 12:00am
Goods Declaration: Supreme Court asks FBR to submit report

Goods Declaration: Supreme Court asks FBR to submit report

The Supreme Court directed Federal Board of Revenue (FBR) to submit a comprehensive report of Goods Declaration (Bills of Entries) relating to Rental Power Plants (RPPs). A two-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry has been hear
Published 23 Nov, 2011 12:00am
Goods Declaration: Supreme Court asks FBR to submit report

Goods Declaration: Supreme Court asks FBR to submit report

The Supreme Court directed Federal Board of Revenue (FBR) to submit a comprehensive report of Goods Declaration (Bills of Entries) relating to Rental Power Plants (RPPs). A two-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry has been hear
Published 23 Nov, 2011 12:00am
Manual exemption certificates: LTUs/RTOs chiefs barred from issuance

Manual exemption certificates: LTUs/RTOs chiefs barred from issuance

The Federal Board of Revenue (FBR) has barred all Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) from issuance manual exemption certificates under section 153 of the Income Tax Ordinance 2001. Sources told Business R
Published 23 Nov, 2011 12:00am
Manual exemption certificates: LTUs/RTOs chiefs barred from issuance

Manual exemption certificates: LTUs/RTOs chiefs barred from issuance

The Federal Board of Revenue (FBR) has barred all Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) from issuance manual exemption certificates under section 153 of the Income Tax Ordinance 2001. Sources told Business R
Published 23 Nov, 2011 12:00am
Manual exemption certificates: LTUs/RTOs chiefs barred from issuance

Manual exemption certificates: LTUs/RTOs chiefs barred from issuance

The Federal Board of Revenue (FBR) has barred all Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) from issuance manual exemption certificates under section 153 of the Income Tax Ordinance 2001. Sources told Business R
Published 23 Nov, 2011 12:00am
'Five percent' regime restored from November 4

'Five percent' regime restored from November 4

The old sales tax zero-rating regime for five export sectors and commercial importers under SRO.283(I)/2011 would reckoned to be restored from November 4, 2011. Sources told Business Recorder here on Tuesday that the proposed notification would sus
Published 23 Nov, 2011 12:00am
'Five percent' regime restored from November 4

'Five percent' regime restored from November 4

The old sales tax zero-rating regime for five export sectors and commercial importers under SRO.283(I)/2011 would reckoned to be restored from November 4, 2011. Sources told Business Recorder here on Tuesday that the proposed notification would sus
Published 23 Nov, 2011 12:00am
''Five percent'' regime restored from November 4

''Five percent'' regime restored from November 4

The old sales tax zero-rating regime for five export sectors and commercial importers under SRO.283(I)/2011 would reckoned to be restored from November 4, 2011. Sources told Business Recorder here on Tuesday that the proposed notification would sus
Published 23 Nov, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (November 22, 2011).

Published 23 Nov, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (November 22, 2011).

Published 23 Nov, 2011 12:00am
Index loses 127.79 points

Index loses 127.79 points

A bearish trend continued on the Karachi share market on Tuesday and the index declined by 127.79 points to close at 11,767.00 points due to selling by both local and foreign investors. The market opened on a negative note and the index hit 11,751.41 poin
Published 23 Nov, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (November 22, 2011).

Published 23 Nov, 2011 12:00am
Index loses 127.79 points

Index loses 127.79 points

A bearish trend continued on the Karachi share market on Tuesday and the index declined by 127.79 points to close at 11,767.00 points due to selling by both local and foreign investors. The market opened on a negative note and the index hit 11,751.41 poin
Published 23 Nov, 2011 12:00am
Index loses 127.79 points

Index loses 127.79 points

A bearish trend continued on the Karachi share market on Tuesday and the index declined by 127.79 points to close at 11,767.00 points due to selling by both local and foreign investors. The market opened on a negative note and the index hit 11,751.41 poin
Published 23 Nov, 2011 12:00am
BRIndex30 down 130.31 points

BRIndex30 down 130.31 points

On Tues-day, the BRIndex30 opened at 9,127.29 points and remained in negative throughout the trading session. It touched the intra-day high of 9,121.09 points and low of 8,994.84 points and closed at 8,996.98 points, with a net negative change of -130.31
Published 23 Nov, 2011 12:00am
BRIndex30 down 130.31 points

BRIndex30 down 130.31 points

On Tues-day, the BRIndex30 opened at 9,127.29 points and remained in negative throughout the trading session. It touched the intra-day high of 9,121.09 points and low of 8,994.84 points and closed at 8,996.98 points, with a net negative change of -130.31
Published 23 Nov, 2011 12:00am
Nawaz invites Qureshi to join PML-N

Nawaz invites Qureshi to join PML-N

Former foreign minister Shah Mahmood Qureshi Tuesday said that Nawaz Sharif has formally invited him to join the PML-N but he will announce his decision about future political plans in the public meeting at Ghotki on November 27. He said this while talkin
Published 23 Nov, 2011 12:00am
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