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Archive - 2011-12-01
Pakistan a growing market
Top News

Pakistan a growing market

KARACHI: Speakers at UAE trade and investment conference at Karachi Expo Centre said Thursday that Pakistan was a growin
Published 01 Dec, 2011 09:54pm
CID Karachi arrests 4 terrorists of TTP
Top News

CID Karachi arrests 4 terrorists of TTP

KARACHI: Crime Investigation Department (CID) of Sindh Police arrested four terrorists of the Tehreek-e-Taliban Pakistan
Published 01 Dec, 2011 07:40pm
Ambassador of Norway meets Rehman Malik
Top News

Ambassador of Norway meets Rehman Malik

ISLAMABAD: Ambassador of Norway, Cecilie Lantsverk called on Minister for Interior, Rehman Malik on Thursday and  thanke
Published 01 Dec, 2011 04:37pm
ISE-10 gains 16.49
Markets

ISE-10 gains 16.49

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bullish trend as the index was up by 16.49 point
Published 01 Dec, 2011 04:34pm
Gold jumps to Rs 49,542
Markets

Gold jumps to Rs 49,542

KARACHI: Gold jumped by Rs 1,028 to close at Rs 49,542 per 10 grams in the local market Thursday, as its international p
Published 01 Dec, 2011 04:33pm
US to get $3.44m from warrants sale
Top News

US to get $3.44m from warrants sale

WASHINGTON: The US Treasury Department said on Thursday that an offering of 3.98 million warrants to buy common stock of
Published 01 Dec, 2011 03:53pm
Nickel back on script
Financial

Nickel back on script

LONDON: The London Metal Exchange (LME) three-month nickel price sank to a 2011 low of $16,550 per tonne on Wednesday as
Published 01 Dec, 2011 03:14pm
KBP, NGO Faith Matters ink MoU
Top News

KBP, NGO Faith Matters ink MoU

LAHORE: Kisan Board Pakistan (KBP) and NGO Faith Matters have signed Memorandum of Understanding (MoU) to keep the farme
Published 01 Dec, 2011 01:23pm
CNG stations not to open before 11pm
Top News

CNG stations not to open before 11pm

KARACHI : CNG Association Karachi warned on Thursday that any CNG station found open and dispensing gas before 11:00pm w
Published 01 Dec, 2011 10:52am
Seven Pakistanis kidnapped in Kabul
Top News

Seven Pakistanis kidnapped in Kabul

PUL-I-ALAM : Seven Pakistani workers have been kidnapped in Kabul, police said Thursday.   The Pakistanis -- engi
Published 01 Dec, 2011 08:02am
Car bomb north of Baghdad kills 10
Top News

Car bomb north of Baghdad kills 10

BAQUBA: A car bomb in a market in confessionally mixed Diyala province, north of Baghdad, killed 10 people and wounded a
Published 01 Dec, 2011 06:59am
ECC set to approve TCP-PSMA sugar deal
Top News

ECC set to approve TCP-PSMA sugar deal

RECORDER REPORT ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is all set to approve on Thursday
Published 01 Dec, 2011 06:56am
APTMA rejects monetary policy
Top News

APTMA rejects monetary policy

RECORDER REPORT LAHORE : Acting Chairman All Pakistan Textile Mills Association (APTMA) Seth Muhammad Akber has rejec
Published 01 Dec, 2011 06:49am
July-Nov revenue collection up 28pc
Top News

July-Nov revenue collection up 28pc

RECORDER REPORT ISLAMABAD : The Federal Board of Revenue has maintained remarkable growth trend during first five mon
Published 01 Dec, 2011 05:30am
FBR opposes ban on CNG cylinders, kits
Top News

FBR opposes ban on CNG cylinders, kits

RECORDER REPORT ISLAMABAD : The Federal Board of Revenue (FBR) has strongly opposed ban on the import of Compressed N
Published 01 Dec, 2011 04:00am
Asian currencies rise slightly

Asian currencies rise slightly

Emerging Asian currencies rose slightly on Wednesday on short-covering after European officials agreed to strengthen a bailout fund, but most regional units lost ground during November. The won found support from a central bank in central Asia, which deal
Published 01 Dec, 2011 12:00am
Indian rupee suffers worst fall in 16 years

Indian rupee suffers worst fall in 16 years

The Indian rupee suffered the worst fall in 16 years in November, plunging nearly 7 percent and hitting a record low, as persistent dollar demand from importers and portfolio outflows due to global risk aversion pounded the local unit. The rupee continues
Published 01 Dec, 2011 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc tracked the euro lower against the dollar on Wednesday as caution re-emerged over the eurozone debt crisis after the European Central Bank failed to fully offset its eurozone government bond buys for the first time since May. The franc fel
Published 01 Dec, 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 Wednesday. 76.92-76.95 (previous 76.82-76.90). Call Money Rates: 06.50-08.00 percent (previous 06.30-08.00 percent).
Published 01 Dec, 2011 12:00am
Euro stays higher

Euro stays higher

The euro rose against the dollar for a second straight session on Tuesday in cautious trade on talk the European Central Bank could lend money to the International Monetary Fund to help stem the debt crisis. The eurozone is discussing the option of financ
Published 01 Dec, 2011 12:00am
Midday trade in New York: dollar plummets

Midday trade in New York: dollar plummets

The dollar fell sharply on Wednesday as a move by major central banks to cut the cost of much-needed liquidity for the global financial system and upbeat US economic data drove investors to currencies with higher returns. The announcement by central banks
Published 01 Dec, 2011 12:00am
Euro pares losses in London

Euro pares losses in London

The euro cut losses against the dollar on Wednesday as risk appetite was lifted by China cutting banks' reserve requirement ratios, although traders said euro gains are likely to be limited by concerns about the region's debt crisis. China's central bank
Published 01 Dec, 2011 12:00am
Euro holds steady in Asia

Euro holds steady in Asia

The euro held steady on Wednesday as the market gave a guarded reception to details on the eurozone's new lending facility and on proposals to expand funding for the IMF so it could lend to troubled members such as Italy. Eurozone finance ministers agreed
Published 01 Dec, 2011 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling rose sharply against the dollar on Wednesday, tracking steep gains in riskier assets and currencies after the world's leading central banks acted jointly to inject much-needed liquidity into the global financial system. The US Federal Reserve, th
Published 01 Dec, 2011 12:00am
Money market tensions ease

Money market tensions ease

Money market tensions eased on Wednesday after the world's major central banks stepped up measures to keep funds flowing through the financial system and stave off a potential credit crunch stemming from the eurozone's sovereign debt crisis. The US Federa
Published 01 Dec, 2011 12:00am
FTSE rises 3.2 percent

FTSE rises 3.2 percent

Britain's top share index rose by the most in nearly eight weeks on Wednesday after central banks announced co-ordinated global action to provide liquidity to the financial system and China cut its banks' reserve requirement ratios. The world's major cent
Published 01 Dec, 2011 12:00am
European shares rally

European shares rally

European shares rallied in tandem with other risk assets on Wednesday after leading central banks announced joint action to inject liquidity into financial markets strained by the eurozone's debt crisis. Banks and other cyclical stocks were among the top
Published 01 Dec, 2011 12:00am
Australian shares at one-week high

Australian shares at one-week high

Australian shares rose 0.4 percent to a one-week high on Wednesday, as banks gained momentum and data showed record business investment in the third quarter, signalling healthy overall economic growth. Australia's new private capital expenditure rose 12.3
Published 01 Dec, 2011 12:00am
Hong Kong, China shares slump

Hong Kong, China shares slump

Hong Kong and China shares ended a rough November on a low note on Wednesday, with comments by a Chinese central bank adviser dashing hopes of monetary policy easing soon. The Hang Seng Index closed down 1.5 percent to 17,689.4 on the day and lost 9.4 per
Published 01 Dec, 2011 12:00am
Indian shares rise

Indian shares rise

Indian shares closed a choppy Wednesday session 0.7 percent higher, reversing early losses as second-quarter growth met forecast, with Reliance Industries leading the gains, while gloomy global economic conditions continued to weigh. Dragged down by turmo
Published 01 Dec, 2011 12:00am
Seoul shares falls

Seoul shares falls

Seoul shares finished modestly lower on Wednesday after sharp recent gains, but firm rises in LG Electronics and Hana Financial Group gave the market support. Data from the US Conference Board's index of consumer confidence, which in November jumped to it
Published 01 Dec, 2011 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan stocks ended down 1.21 percent on Wednesday, joining a decline in regional bourses as caution set in over the chances of more progress in resolving the eurozone debt crisis, with defensive sectors such as department stores and glass and ceramics am
Published 01 Dec, 2011 12:00am
Treasuries slip

Treasuries slip

US Treasury debt prices slipped on Tuesday as signs of a pickup in US consumption encouraged investors to buy stocks, though worries about the outcome of the eurozone debt crisis kept markets cautious. Treasuries extended losses after data showed US consu
Published 01 Dec, 2011 12:00am
Treasuries slip

Treasuries slip

US Treasury debt prices slipped on Tuesday as signs of a pickup in US consumption encouraged investors to buy stocks, though worries about the outcome of the eurozone debt crisis kept markets cautious. Treasuries extended losses after data showed US consu
Published 01 Dec, 2011 12:00am
Dow, S&P advance for second day

Dow, S&P advance for second day

The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment. However, in a sign investors are still nervous about the
Published 01 Dec, 2011 12:00am
Nikkei declines

Nikkei declines

The Nikkei share average ended lower on Wednesday, reversing two days of gains on profit-taking as investors remained cautious over new developments in the eurozone debt crisis and looked to data later in the week. Strategists said the Nikkei was likely t
Published 01 Dec, 2011 12:00am
South East Asian markets: Thailand, Malaysia reach two-week high

South East Asian markets: Thailand, Malaysia reach two-week high

Major Southeast Asian markets gained on Wednesday in moderate volumes with Thailand and Malaysia rising to two-week highs but investors mostly remained cautious because of the lingering eurozone debt crisis. Malaysia jumped 1.9 percent to its highest clos
Published 01 Dec, 2011 12:00am
India's economy slows to weakest pace in over two years

India's economy slows to weakest pace in over two years

India's economy grew at its weakest pace in more than two years in the quarter that ended in September, revealing the heavy toll that stubborn inflation, rising interest rates and crisis-hit global capital markets are having on Asia's third-biggest econom
Published 01 Dec, 2011 12:00am
UAE fund plans to help pay debts of poor

UAE fund plans to help pay debts of poor

The United Arab Emirates on Wednesday set up a 10 billion dirham ($2.7 billion) fund to help pay low-income citizens' debts and announced plans to raise wages of some state employees, which may support its economy but also increase the fiscal burden.
Published 01 Dec, 2011 12:00am
Eurozone inflation holds at three percent; unemployment nudges up

Eurozone inflation holds at three percent; unemployment nudges up

Inflation in the 17-nation euro area remained stuck at 3 percent for the third consecutive month in November, according to a first estimate, but the European Central Bank is still expected to cut interest rates at a meeting next week. The European Union's
Published 01 Dec, 2011 12:00am
German unemployment dips

German unemployment dips

Unemployment in Germany fell more than expected in November, data showed on Wednesday, but economists warned the labour market cannot escape unscathed from a downturn predicted for Europe's biggest economy. The seasonally-adjusted figures from the Federal
Published 01 Dec, 2011 12:00am
Russia threatens to block Nato supply

Russia threatens to block Nato supply

Russia has threatened that Nato supply route to Afghanistan would be blocked if Nato and its allies failed to address Russia's concern over installation of missile defence system in Europe, a private TV channel reported Wednesday. Russian ambassador to Na
Published 01 Dec, 2011 12:00am
Japan's factory output up

Japan's factory output up

Japanese factory output rose more than expected in October in a tentative sign that flooding in Thailand had a smaller impact on supply chains than initially feared, but the outlook is clouded by the threat of Europe's deepening debt woes. Industrial outp
Published 01 Dec, 2011 12:00am
Russia threatens to block Nato supply

Russia threatens to block Nato supply

Russia has threatened that Nato supply route to Afghanistan would be blocked if Nato and its allies failed to address Russia's concern over installation of missile defence system in Europe, a private TV channel reported Wednesday. Russian ambassador to Na
Published 01 Dec, 2011 12:00am
Eurozone woes imperil Asian growth: ADB chief

Eurozone woes imperil Asian growth: ADB chief

Asia's projected growth rate of 7.5 percent next year could be jeopardised as the eurozone crisis threatens its export-driven economies, the Asian Development Bank chief said. ADB president Haruhiko Kuroda said even China may face difficulties if demand f
Published 01 Dec, 2011 12:00am
Prime Minister eulogises UAE for large investment, trade ties

Prime Minister eulogises UAE for large investment, trade ties

Prime Minister Yousuf Raza Gilani has said that the United Arab Emirates (UAE) is the largest investor in Pakistan among the Gulf Co-operation Council (GCC) members and its public and private sectors have made an investment of $3.74 billion here from 2004
Published 01 Dec, 2011 12:00am
US plans robust trade agenda to help growth

US plans robust trade agenda to help growth

The United States plans to pursue a "robust" trade agenda, including negotiation of new deals and enforcement of old ones, to create jobs and stimulate economic growth, the top US trade official said on Wednesday. "We're not going to leave any jobs on the
Published 01 Dec, 2011 12:00am
Prime Minister eulogises UAE for large investment, trade ties

Prime Minister eulogises UAE for large investment, trade ties

Prime Minister Yousuf Raza Gilani has said that the United Arab Emirates (UAE) is the largest investor in Pakistan among the Gulf Co-operation Council (GCC) members and its public and private sectors have made an investment of $3.74 billion here from 2004
Published 01 Dec, 2011 12:00am
Libyan billions held up in sanctions tangle

Libyan billions held up in sanctions tangle

Governments around the world are holding up billions of dollars in assets ordered released to help the Libyan government which faces a growing cash crunch, diplomats said Wednesday. The UN Security Council has authorised the release of more than $18 billi
Published 01 Dec, 2011 12:00am
Prime Minister eulogises UAE for large investment, trade ties

Prime Minister eulogises UAE for large investment, trade ties

Prime Minister Yousuf Raza Gilani has said that the United Arab Emirates (UAE) is the largest investor in Pakistan among the Gulf Co-operation Council (GCC) members and its public and private sectors have made an investment of $3.74 billion here from 2004
Published 01 Dec, 2011 12:00am
Samsung scores rare patent win versus Apple

Samsung scores rare patent win versus Apple

Samsung Electronics Co is set to resume selling its Galaxy tablet computer in Australia as early as Friday, after the South Korean technology firm won a rare legal victory in a long-running global patent war with Apple Inc. An Australian federal court una
Published 01 Dec, 2011 12:00am
US private sector jobs soar, payrolls forecasts rise

US private sector jobs soar, payrolls forecasts rise

US companies created the most jobs in nearly a year in November, adding to cautious optimism that the country's battered labour market is working its way toward healing. Better-than-expected housing and regional factory data released on Wednesday reinforc
Published 01 Dec, 2011 12:00am
China cuts bank reserves first time in three years

China cuts bank reserves first time in three years

China's central bank cut reserve requirements for commercial lenders on Wednesday for the first time in three years, a policy shift to ease credit strains and shore up an economy running at its weakest pace since 2009. China's policy change came just hour
Published 01 Dec, 2011 12:00am
Big four auditors face break-up to restore trust

Big four auditors face break-up to restore trust

The world's top four audit firms will have to split up and rename themselves under a far-reaching draft European Union law to crack down on conflicts of interest and shortcomings highlighted by the financial crisis. "Investor confidence in audit has been
Published 01 Dec, 2011 12:00am
Central banks act as eurozone crisis rages

Central banks act as eurozone crisis rages

The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ministers to urge more IMF help to avert financial disaster. The emergency move b
Published 01 Dec, 2011 12:00am
Thailand cuts rates due to floods, may cut again

Thailand cuts rates due to floods, may cut again

The Bank of Thailand cut its benchmark interest rate by 25 basis points to 3.25 percent on Wednesday, as expected, to mitigate the impact of severe flooding on the economy and said it could cut again if the recovery was slow. It cut its economic growth fo
Published 01 Dec, 2011 12:00am
Central banks act as eurozone crisis rages

Central banks act as eurozone crisis rages

The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ministers to urge more IMF help to avert financial disaster. The emergency move b
Published 01 Dec, 2011 12:00am
Greece's Piraeus Bank posts nine-month loss on provisions

Greece's Piraeus Bank posts nine-month loss on provisions

Piraeus Bank, Greece's fourth-largest lender, on Wednesday reported a nine-month loss of 287 million euros ($382 million) on higher bad debt provisions, excluding the impact from a planned writedown on Greek government bonds. Greek banks are expected to h
Published 01 Dec, 2011 12:00am
Central banks act as eurozone crisis rages

Central banks act as eurozone crisis rages

The world''s major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone''s debt crisis drove EU ministers to urge more IMF help to avert financial disaster. The emergency move
Published 01 Dec, 2011 12:00am
Greece's Piraeus Bank posts nine-month loss on provisions

Greece's Piraeus Bank posts nine-month loss on provisions

Piraeus Bank, Greece's fourth-largest lender, on Wednesday reported a nine-month loss of 287 million euros ($382 million) on higher bad debt provisions, excluding the impact from a planned writedown on Greek government bonds. Greek banks are expected to h
Published 01 Dec, 2011 12:00am
S&P criteria change reduces ratings on big banks

S&P criteria change reduces ratings on big banks

Standard & Poor's reduced its credit ratings on 15 big banking companies, mostly in the Europe and United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria. J.P. Morgan Chase & Co, Bank of America Corp, Citigroup Inc, Wells F
Published 01 Dec, 2011 12:00am
Swiss KOF indicator drops

Swiss KOF indicator drops

Switzerland's leading growth indicator dropped to its lowest level in over two years in November, suggesting the economy might dip into recession and potentially increasing pressure on the Swiss National Bank to do more to weaken the franc. The KOF econom
Published 01 Dec, 2011 12:00am
S&P criteria change reduces ratings on big banks

S&P criteria change reduces ratings on big banks

Standard & Poor's reduced its credit ratings on 15 big banking companies, mostly in the Europe and United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria. J.P. Morgan Chase & Co, Bank of America Corp, Citigroup Inc, Wells F
Published 01 Dec, 2011 12:00am
South Korea's factory output falls, inventories grow

South Korea's factory output falls, inventories grow

South Korea's factory output shrank in October for the third month in four while producer inventories of finished goods swelled by the most in nearly two years as Europe's slump sapped already cooling global demand. The industrial output index fell a seas
Published 01 Dec, 2011 12:00am
S&P criteria change reduces ratings on big banks

S&P criteria change reduces ratings on big banks

Standard & Poor''s reduced its credit ratings on 15 big banking companies, mostly in the Europe and United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria. J.P. Morgan Chase & Co, Bank of America Corp, Citigroup Inc, Wells
Published 01 Dec, 2011 12:00am
Mills' active demands help prices to remain firm on cotton market

Mills' active demands help prices to remain firm on cotton market

Increased demand by mills aided the prices to resist further decline on the cotton market on Wednesday, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,300, they said. Prices of seedcotton in Sindh were at Rs 18
Published 01 Dec, 2011 12:00am
World Bank head sees ripple effects from euro woes

World Bank head sees ripple effects from euro woes

Europe's debt crisis threatens to undermine consumer confidence and cut off credit to businesses in the rapidly emerging markets that have been bright spots in an otherwise grim global economy, the head of the World Bank warned on Tuesday.
Published 01 Dec, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was down and the January contract was unchanged on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The December contract that had ended at Rs 1308.70 and opened with a loss of Rs 2.00 to 1,306.70.
Published 01 Dec, 2011 12:00am
World Bank head sees ripple effects from euro woes

World Bank head sees ripple effects from euro woes

Europe's debt crisis threatens to undermine consumer confidence and cut off credit to businesses in the rapidly emerging markets that have been bright spots in an otherwise grim global economy, the head of the World Bank warned on Tuesday.
Published 01 Dec, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 77,757 tonnes of cargo including 52,983 tonnes of import; 24,774 tonnes of export cargo and 5,281 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Wednesday.
Published 01 Dec, 2011 12:00am
World Bank head sees ripple effects from euro woes

World Bank head sees ripple effects from euro woes

Europe''s debt crisis threatens to undermine consumer confidence and cut off credit to businesses in the rapidly emerging markets that have been bright spots in an otherwise grim global economy, the head of the World Bank warned on Tuesday.
Published 01 Dec, 2011 12:00am
EU wheat slightly up

EU wheat slightly up

European milling wheat futures were flat to up slightly in quiet trade as a bond sale by Italy gave a broad boost to commodity and equity markets, while a firm euro, bearish fundamentals and ongoing economic uncertainty kept a lid on prices. The euro rose
Published 01 Dec, 2011 12:00am
All-round decline on grain market

All-round decline on grain market

Falling trend was seen on the wholesale grain market on Wednesday in process of trading, dealers said. On the grams sector grams Australia No 1 dropped by Rs 50 to Rs 4350-4550, grams Australia No 1 dal followed the same path, losing Rs 100 to Rs 5400-560
Published 01 Dec, 2011 12:00am
Saudi Arabia seeks more Ukrainian barley: Interfax

Saudi Arabia seeks more Ukrainian barley: Interfax

Saudi Arabia may increase imports of Ukrainian barley to 5-7 million tonnes next season according to an agreement between the two countries, Interfax Ukraine news agency quoted Ukraine's Agriculture Minister as saying on Tuesday. Interfax quoted Mykola Pr
Published 01 Dec, 2011 12:00am
Pakistan Railways: CJP seeks details of land under illegal occupation

Pakistan Railways: CJP seeks details of land under illegal occupation

The Supreme Court (SC) on Wednesday sought details of illegally occupied land of Pakistan Railways, asking the four provincial Chief Secretaries to submit a report in this regard within 10 days. The court also issued directives to National Accountability
Published 01 Dec, 2011 12:00am
FOB Gulf soya premiums steady

FOB Gulf soya premiums steady

Soyabean export premiums at the US Gulf Coast were steady on Monday amid muted demand from top importer China for supplies from the main US grain shipping port, traders said. Chinese importers believed to be well supplied with soyabeans through early- to
Published 01 Dec, 2011 12:00am
Pakistan Railways: CJP seeks details of land under illegal occupation

Pakistan Railways: CJP seeks details of land under illegal occupation

The Supreme Court (SC) on Wednesday sought details of illegally occupied land of Pakistan Railways, asking the four provincial Chief Secretaries to submit a report in this regard within 10 days. The court also issued directives to National Accountability
Published 01 Dec, 2011 12:00am
US Midwest bids steady to firmer

US Midwest bids steady to firmer

Corn and soya spot basis bids were steady to firmer at processors and elevators around the Midwest on Tuesday as farmers inquired about prices but were slow to book new-crop sales, dealers said. Rainy and wet conditions continue to delay the last leg of c
Published 01 Dec, 2011 12:00am
Pakistan Railways: CJP seeks details of land under illegal occupation

Pakistan Railways: CJP seeks details of land under illegal occupation

The Supreme Court (SC) on Wednesday sought details of illegally occupied land of Pakistan Railways, asking the four provincial Chief Secretaries to submit a report in this regard within 10 days. The court also issued directives to National Accountability
Published 01 Dec, 2011 12:00am
Argentina allows up to 11.1 million tonnes wheat export

Argentina allows up to 11.1 million tonnes wheat export

Argentina's government approved an additional 2.7 million tonnes of 2010/11 wheat for export, boosting the total to 11.1 million tonnes, Agriculture Minister Julian Dominguez told reporters on Tuesday. The country's deputy agriculture secretary told Reute
Published 01 Dec, 2011 12:00am
NAB refers NICL case to FIA for prosecution

NAB refers NICL case to FIA for prosecution

The National Accountability Bureau (NAB) has referred processed cases of National Insurance Company Limited to FIA for prosecution. The decision was at a NAB Executive Board meeting on Wednesday. Retired Admiral Fasih Bukhari chaired the meeting.
Published 01 Dec, 2011 12:00am
NAB refers NICL case to FIA for prosecution

NAB refers NICL case to FIA for prosecution

The National Accountability Bureau (NAB) has referred processed cases of National Insurance Company Limited to FIA for prosecution. The decision was at a NAB Executive Board meeting on Wednesday. Retired Admiral Fasih Bukhari chaired the meeting.
Published 01 Dec, 2011 12:00am
New York cotton

New York cotton

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

Published 01 Dec, 2011 12:00am
NAB refers NICL case to FIA for prosecution

NAB refers NICL case to FIA for prosecution

The National Accountability Bureau (NAB) has referred processed cases of National Insurance Company Limited to FIA for prosecution. The decision was at a NAB Executive Board meeting on Wednesday. Retired Admiral Fasih Bukhari chaired the meeting.
Published 01 Dec, 2011 12:00am
New York cotton

New York cotton

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

Published 01 Dec, 2011 12:00am
Corruption on decline in Pakistan: TI report

Corruption on decline in Pakistan: TI report

Transparency International (TI) has observed that corruption in Pakistan has reduced during the current year, credit of which has been given to Public Accounts Committee (PAC) of parliament, Judiciary and the Defence Ministry for applying PPRA Rules.
Published 01 Dec, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (November 30, 2011).

Published 01 Dec, 2011 12:00am
Corruption on decline in Pakistan: TI report

Corruption on decline in Pakistan: TI report

Transparency International (TI) has observed that corruption in Pakistan has reduced during the current year, credit of which has been given to Public Accounts Committee (PAC) of parliament, Judiciary and the Defence Ministry for applying PPRA Rules.
Published 01 Dec, 2011 12:00am
Corruption on decline in Pakistan: TI report

Corruption on decline in Pakistan: TI report

Transparency International (TI) has observed that corruption in Pakistan has reduced during the current year, credit of which has been given to Public Accounts Committee (PAC) of parliament, Judiciary and the Defence Ministry for applying PPRA Rules.
Published 01 Dec, 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 01 Dec, 2011 12:00am
Corruption on decline in Pakistan: TI report

Corruption on decline in Pakistan: TI report

Transparency International (TI) has observed that corruption in Pakistan has reduced during the current year, credit of which has been given to Public Accounts Committee (PAC) of parliament, Judiciary and the Defence Ministry for applying PPRA Rules.
Published 01 Dec, 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 01 Dec, 2011 12:00am
Index gains 25.88 points

Index gains 25.88 points

The KSE-100 index on Wednesday gained 25.88 points and closed at the level of 11,532.83 points on the back of investors' interest in some select stocks. The market opened on a strong positive note and the index hit 11,593.29 points intra-day high. The inv
Published 01 Dec, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (November 30, 2011).

Published 01 Dec, 2011 12:00am
Index gains 25.88 points

Index gains 25.88 points

The KSE-100 index on Wednesday gained 25.88 points and closed at the level of 11,532.83 points on the back of investors' interest in some select stocks. The market opened on a strong positive note and the index hit 11,593.29 points intra-day high. The inv
Published 01 Dec, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (November 30, 2011).

Published 01 Dec, 2011 12:00am
Index gains 25.88 points

Index gains 25.88 points

The KSE-100 index on Wednesday gained 25.88 points and closed at the level of 11,532.83 points on the back of investors'' interest in some select stocks. The market opened on a strong positive note and the index hit 11,593.29 points intra-day high. The in
Published 01 Dec, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (November 30, 2011).

Published 01 Dec, 2011 12:00am
BRIndex30 up 16.94 points

BRIndex30 up 16.94 points

On Wednesday, the BRIndex30 opened at 8,794.58 points and remained in green for almost whole of the trading session, except for a short term entry in red in the last hour. It touched the intra-day high of 8,884.44 points and low of 8,785.18 points and clo
Published 01 Dec, 2011 12:00am
BRIndex30 up 16.94 points

BRIndex30 up 16.94 points

On Wednesday, the BRIndex30 opened at 8,794.58 points and remained in green for almost whole of the trading session, except for a short term entry in red in the last hour. It touched the intra-day high of 8,884.44 points and low of 8,785.18 points and clo
Published 01 Dec, 2011 12:00am
Syria hit with Turkey sanctions, army losses mount

Syria hit with Turkey sanctions, army losses mount

Syria's biggest trade partner Turkey suspended all financial credit dealings with it on Wednesday and froze its government's assets, joining the Arab League in isolating President Bashar al-Assad over his military crackdown on opponents. The government of
Published 01 Dec, 2011 12:00am
Syria hit with Turkey sanctions, army losses mount

Syria hit with Turkey sanctions, army losses mount

Syria's biggest trade partner Turkey suspended all financial credit dealings with it on Wednesday and froze its government's assets, joining the Arab League in isolating President Bashar al-Assad over his military crackdown on opponents. The government of
Published 01 Dec, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (November 30, 2011).

Published 01 Dec, 2011 12:00am
Britain shuts Iran embassy: Germany recalls ambassador from Iran

Britain shuts Iran embassy: Germany recalls ambassador from Iran

Britain shut down the Iranian embassy in London and expelled all its staff on Wednesday, saying the storming of the British diplomatic mission in Tehran could not have taken place without some degree of consent from Iranian authorities.
Published 01 Dec, 2011 12:00am
Britain shuts Iran embassy: Germany recalls ambassador from Iran

Britain shuts Iran embassy: Germany recalls ambassador from Iran

Britain shut down the Iranian embassy in London and expelled all its staff on Wednesday, saying the storming of the British diplomatic mission in Tehran could not have taken place without some degree of consent from Iranian authorities.
Published 01 Dec, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 30, 2011).
Published 01 Dec, 2011 12:00am
Oil prices raised

Oil prices raised

The government on Wednesday increased the prices of different petroleum products in the range of Rs 0.55 per litre to Rs 4.79 per litter, effective December 1. According to a notification issued here late Wednesday, the government has increased the price
Published 01 Dec, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (November 30, 2011).

Published 01 Dec, 2011 12:00am
Oil prices raised

Oil prices raised

The government on Wednesday increased the prices of different petroleum products in the range of Rs 0.55 per litre to Rs 4.79 per litter, effective December 1. According to a notification issued here late Wednesday, the government has increased the price
Published 01 Dec, 2011 12:00am
Oil prices raised

Oil prices raised

The government on Wednesday increased the prices of different petroleum products in the range of Rs 0.55 per litre to Rs 4.79 per litter, effective December 1. According to a notification issued here late Wednesday, the government has increased the price
Published 01 Dec, 2011 12:00am
Enough is enough: Pakistan tells US, Nato

Enough is enough: Pakistan tells US, Nato

Miffed by November 26 deadliest attack, Pakistan on Wednesday conveyed to the United States and North Atlantic Treaty Organisation (Nato) that enough is enough and that it will no longer tolerate any incident of spilling of even a single drop of blood of
Published 01 Dec, 2011 12:00am
Enough is enough: Pakistan tells US, Nato

Enough is enough: Pakistan tells US, Nato

Miffed by November 26 deadliest attack, Pakistan on Wednesday conveyed to the United States and North Atlantic Treaty Organisation (Nato) that enough is enough and that it will no longer tolerate any incident of spilling of even a single drop of blood of
Published 01 Dec, 2011 12:00am
Air strike was not deliberate attack: US

Air strike was not deliberate attack: US

The Pentagon insisted Wednesday that a Nato air strike that killed 24 Pakistani soldiers near the Afghan border was in no way a deliberate US attack on Pakistan. Pentagon officials said a military investigation would uncover exactly what took place on Sat
Published 01 Dec, 2011 12:00am
Air strike was not deliberate attack: US

Air strike was not deliberate attack: US

The Pentagon insisted Wednesday that a Nato air strike that killed 24 Pakistani soldiers near the Afghan border was in no way a deliberate US attack on Pakistan. Pentagon officials said a military investigation would uncover exactly what took place on Sat
Published 01 Dec, 2011 12:00am
US asked to vacate Shamsi Airbase by December 11: Gilani

US asked to vacate Shamsi Airbase by December 11: Gilani

Prime Minister Yousuf Raza Gilani has said that Pakistan wants assurance from the world community about its security and sovereignty. Talking to reporters at the inaugural ceremony of 'UAE Expo 2011' at Karachi Expo Centre here on Wednesday, he said that
Published 01 Dec, 2011 12:00am
US asked to vacate Shamsi Airbase by December 11: Gilani

US asked to vacate Shamsi Airbase by December 11: Gilani

Prime Minister Yousuf Raza Gilani has said that Pakistan wants assurance from the world community about its security and sovereignty. Talking to reporters at the inaugural ceremony of 'UAE Expo 2011' at Karachi Expo Centre here on Wednesday, he said that
Published 01 Dec, 2011 12:00am
Non-participation in Bonn conference: Pakistan informs China

Non-participation in Bonn conference: Pakistan informs China

Pakistan's Ambassador to China, Masood Khan has conveyed to the Chinese Ministry of Foreign Affairs about his country's federal cabinet's decision of not participating in the Bonn conference on Afghanistan. Pakistan cabinet took this decision on Tuesday i
Published 01 Dec, 2011 12:00am
Non-participation in Bonn conference: Pakistan informs China

Non-participation in Bonn conference: Pakistan informs China

Pakistan's Ambassador to China, Masood Khan has conveyed to the Chinese Ministry of Foreign Affairs about his country's federal cabinet's decision of not participating in the Bonn conference on Afghanistan. Pakistan cabinet took this decision on Tuesday i
Published 01 Dec, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (November 30, 2011).

Published 01 Dec, 2011 12:00am
German Chancellor phones Prime Minister

German Chancellor phones Prime Minister

German Chancellor Angela Merkel telephoned Prime Minister Syed Yousuf Raza Gilani on Wednesday and expressed her personal and country's solidarity and friendship with the people and Government of Pakistan. The German Chancellor expressed her condolences t
Published 01 Dec, 2011 12:00am
German Chancellor phones Prime Minister

German Chancellor phones Prime Minister

German Chancellor Angela Merkel telephoned Prime Minister Syed Yousuf Raza Gilani on Wednesday and expressed her personal and country's solidarity and friendship with the people and Government of Pakistan. The German Chancellor expressed her condolences t
Published 01 Dec, 2011 12:00am
UAE demands apology from Nato

UAE demands apology from Nato

United Arab Emirates on Wednesday demanded of Nato to apologise to Pakistan for the deaths of its 24 soldiers in an air strike at its post along the Pak-Afghan border, but denied it sought an extension from Pakistan to extend the deadline to vacate Shamsi
Published 01 Dec, 2011 12:00am
UAE demands apology from Nato

UAE demands apology from Nato

United Arab Emirates on Wednesday demanded of Nato to apologise to Pakistan for the deaths of its 24 soldiers in an air strike at its post along the Pak-Afghan border, but denied it sought an extension from Pakistan to extend the deadline to vacate Shamsi
Published 01 Dec, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 30, 2011).

Published 01 Dec, 2011 12:00am
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