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Archive - 2012-01-17
Euro higher against dollar
Financial

Euro higher against dollar

NEW YORK: The euro rose against the dollar on Tuesday, ending two days of declines, and commodity-linked currencies adva
Published 17 Jan, 2012 09:20pm
Obama jobs panel pushes tax reform
Top News

Obama jobs panel pushes tax reform

WASHINGTON: President Barack Obama's jobs council called on Tuesday for a corporate tax overhaul, expanded domestic dril
Published 17 Jan, 2012 09:12pm
Babar Awan meets President Zardari
Top News

Babar Awan meets President Zardari

ISLAMABAD: Senior lawyer and PPP leader Dr Babar Awan called on President Asif Ali Zardari in the Presidency hours after
Published 17 Jan, 2012 05:36pm
Gold improves to Rs 48,342
Top News

Gold improves to Rs 48,342

KARACHI: Gold improved by Rs 85 to close at Rs 48,342 per 10 grams in the local market Tuesday as its international pric
Published 17 Jan, 2012 04:48pm
RECORDER REPORT: KSE-100 close of day
Top News

RECORDER REPORT: KSE-100 close of day

KARACHI : Bullish trend was witnessed at the Karachi Stock Exchange on Tuesday on the back of investors’ interest mainly
Published 17 Jan, 2012 12:01pm
Lodhi moves IHC over sacking
Top News

Lodhi moves IHC over sacking

KARACHI : Sacked former defence secretary Lt Gen (Retd.) Naeem Khalid Lodhi has moved the Islamabad High Court (IHC) on
Published 17 Jan, 2012 09:13am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI : On Tuesday, by 12:36 P.M. , KSE-100 Index value was 11,223.06 with a net positive change of 110.41 and volum
Published 17 Jan, 2012 07:52am
NPLs: Cash recovery down 20pc
Top News

NPLs: Cash recovery down 20pc

RIZWAN BHATTI KARACHI : The banking sector's cash recovery against non-performing loans (NLPs) has been on a slow tra
Published 17 Jan, 2012 06:05am
CCP raids APCMA premises, cement unit
Top News

CCP raids APCMA premises, cement unit

SOHAIL SARFRAZ ISLAMABAD : The Competition Commission of Pakistan (CCP) conducted search and inspection of All Pakist
Published 17 Jan, 2012 05:30am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (January 16, 2012).
Published 17 Jan, 2012 12:00am
Rejected summaries: restrictions imposed on ministries

Rejected summaries: restrictions imposed on ministries

Prime Minister Yousaf Raza Gilani has reportedly imposed restrictions on Ministries to bring any summary to a forum that has been rejected by a higher or equivalent forum. These instructions were issued at a meeting of Cabinet Committee on Investment (CCo
Published 17 Jan, 2012 12:00am
Rejected summaries: restrictions imposed on ministries

Rejected summaries: restrictions imposed on ministries

Prime Minister Yousaf Raza Gilani has reportedly imposed restrictions on Ministries to bring any summary to a forum that has been rejected by a higher or equivalent forum. These instructions were issued at a meeting of Cabinet Committee on Investment (CCo
Published 17 Jan, 2012 12:00am
Rejected summaries: restrictions imposed on ministries

Rejected summaries: restrictions imposed on ministries

Prime Minister Yousaf Raza Gilani has reportedly imposed restrictions on Ministries to bring any summary to a forum that has been rejected by a higher or equivalent forum. These instructions were issued at a meeting of Cabinet Committee on Investment (CCo
Published 17 Jan, 2012 12:00am
S&P downgrades EU bailout fund to AA+

S&P downgrades EU bailout fund to AA+

US rating agency Standard & Poor's cut its credit rating of the European Financial Stability Facility, the euro zone's rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin. In a statement
Published 17 Jan, 2012 12:00am
S&P downgrades EU bailout fund to AA+

S&P downgrades EU bailout fund to AA+

US rating agency Standard & Poor's cut its credit rating of the European Financial Stability Facility, the euro zone's rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin. In a statement
Published 17 Jan, 2012 12:00am
S&P downgrades EU bailout fund to AA+

S&P downgrades EU bailout fund to AA+

US rating agency Standard & Poor''s cut its credit rating of the European Financial Stability Facility, the euro zone''s rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin. In a stateme
Published 17 Jan, 2012 12:00am
S&P downgrades EU bailout fund to AA+

S&P downgrades EU bailout fund to AA+

US rating agency Standard & Poor''''s cut its credit rating of the European Financial Stability Facility, the euro zone''''s rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin. In a sta
Published 17 Jan, 2012 12:00am
Prime Minister faces disqualification

Prime Minister faces disqualification

The Supreme Court on Monday issued Prime Minister Syed Yousuf Raza Gilani through a show cause notice, asking him to appear before it in person over the non-implementation of National Reconciliation Ordinance (NRO) verdict case on January 19. In his speec
Published 17 Jan, 2012 12:00am
Prime Minister faces disqualification

Prime Minister faces disqualification

The Supreme Court on Monday issued Prime Minister Syed Yousuf Raza Gilani through a show cause notice, asking him to appear before it in person over the non-implementation of National Reconciliation Ordinance (NRO) verdict case on January 19. In his speec
Published 17 Jan, 2012 12:00am
Law minister says Prime Minister won't resign

Law minister says Prime Minister won't resign

Minister for Law Justice and Parliamentary Affairs Moula Bakhsh Chandio said on Monday that Prime Minister Yousuf Raza Gilani would not resign. Talking to media persons outside the Parliament House, he said the resolution tabled by the coalition in the Na
Published 17 Jan, 2012 12:00am
Law minister says Prime Minister won't resign

Law minister says Prime Minister won't resign

Minister for Law Justice and Parliamentary Affairs Moula Bakhsh Chandio said on Monday that Prime Minister Yousuf Raza Gilani would not resign. Talking to media persons outside the Parliament House, he said the resolution tabled by the coalition in the Na
Published 17 Jan, 2012 12:00am
National Assembly adopts 'pro-democracy' resolution

National Assembly adopts 'pro-democracy' resolution

The National Assembly Monday passed a resolution in favour of democracy with a thumping majority. It was moved by Awami National Party (ANP) chief Asfandyar Wali. Opposition parties Pakistan Muslim League-Nawaz (PML-N), Pakistan People's Party Sherpao (PP
Published 17 Jan, 2012 12:00am
National Assembly adopts 'pro-democracy' resolution

National Assembly adopts 'pro-democracy' resolution

The National Assembly Monday passed a resolution in favour of democracy with a thumping majority. It was moved by Awami National Party (ANP) chief Asfandyar Wali. Opposition parties Pakistan Muslim League-Nawaz (PML-N), Pakistan People's Party Sherpao (PP
Published 17 Jan, 2012 12:00am
Ahmed Mukhtar next Prime Minister?

Ahmed Mukhtar next Prime Minister?

The co-chairman of Pakistan People's Party (PPP), President Asif Ali Zardari, is said to be deliberating appointing Defence Minister Chaudhary. Ahmad Mukhtar as Prime Minister in case Supreme Court of Pakistan disqualifies incumbent Prime Minister, Syed Y
Published 17 Jan, 2012 12:00am
Ahmed Mukhtar next Prime Minister?

Ahmed Mukhtar next Prime Minister?

The co-chairman of Pakistan People's Party (PPP), President Asif Ali Zardari, is said to be deliberating appointing Defence Minister Chaudhary. Ahmad Mukhtar as Prime Minister in case Supreme Court of Pakistan disqualifies incumbent Prime Minister, Syed Y
Published 17 Jan, 2012 12:00am
Ijaz given last chance to appear before commission

Ijaz given last chance to appear before commission

The judicial commission Monday gave US businessman Mansoor Ijaz last chance to appear in person on January 24 as he has failed to testify before the commission so far mainly on security grounds.
Published 17 Jan, 2012 12:00am
Ijaz given last chance to appear before commission

Ijaz given last chance to appear before commission

The judicial commission Monday gave US businessman Mansoor Ijaz last chance to appear in person on January 24 as he has failed to testify before the commission so far mainly on security grounds.
Published 17 Jan, 2012 12:00am
Saudi Arabia doubts Iran oil blockade claim

Saudi Arabia doubts Iran oil blockade claim

Saudi Arabia on Monday expressed doubts over Iran's claim it could block the main oil shipping route out of the Gulf and made clear it was ready to pump more oil after sanctions threatened to cut Iranian sales of crude. Brent crude rose above $111 on conc
Published 17 Jan, 2012 12:00am
Saudi Arabia doubts Iran oil blockade claim

Saudi Arabia doubts Iran oil blockade claim

Saudi Arabia on Monday expressed doubts over Iran's claim it could block the main oil shipping route out of the Gulf and made clear it was ready to pump more oil after sanctions threatened to cut Iranian sales of crude. Brent crude rose above $111 on conc
Published 17 Jan, 2012 12:00am
Saudi Arabia doubts Iran oil blockade claim

Saudi Arabia doubts Iran oil blockade claim

Saudi Arabia on Monday expressed doubts over Iran''s claim it could block the main oil shipping route out of the Gulf and made clear it was ready to pump more oil after sanctions threatened to cut Iranian sales of crude. Brent crude rose above $111 on con
Published 17 Jan, 2012 12:00am
UK banks scrutinise partners for ties to Iran

UK banks scrutinise partners for ties to Iran

Banks in Britain are poring over relationships with financial partners in fear of falling foul of fresh international sanctions against Iran. As part of a dispute between Western powers over Iran's nuclear programme, Britain has ordered its lenders to cut
Published 17 Jan, 2012 12:00am
UK banks scrutinise partners for ties to Iran

UK banks scrutinise partners for ties to Iran

Banks in Britain are poring over relationships with financial partners in fear of falling foul of fresh international sanctions against Iran. As part of a dispute between Western powers over Iran's nuclear programme, Britain has ordered its lenders to cut
Published 17 Jan, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Jan, 2012 12:00am
China to keep promoting peace in Middle East: Wen

China to keep promoting peace in Middle East: Wen

China's premier vowed Monday to keep promoting peace in energy-rich Middle East and North Africa through the United Nations, at a time of high tension between the West and major oil producer Iran over its nuclear programme.
Published 17 Jan, 2012 12:00am
China to keep promoting peace in Middle East: Wen

China to keep promoting peace in Middle East: Wen

China's premier vowed Monday to keep promoting peace in energy-rich Middle East and North Africa through the United Nations, at a time of high tension between the West and major oil producer Iran over its nuclear programme.
Published 17 Jan, 2012 12:00am
NPLs: Cash recovery down 20 percent

NPLs: Cash recovery down 20 percent

The banking sector's cash recovery against non-performing loans (NLPs) has been on a slow track as has posted a notable decline of 20 percent during the third quarter of calendar year 2011 (CY11), as compared to second quarter, because of slow economic ac
Published 17 Jan, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Jan, 2012 12:00am
NPLs: Cash recovery down 20 percent

NPLs: Cash recovery down 20 percent

The banking sector's cash recovery against non-performing loans (NLPs) has been on a slow track as has posted a notable decline of 20 percent during the third quarter of calendar year 2011 (CY11), as compared to second quarter, because of slow economic ac
Published 17 Jan, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Jan, 2012 12:00am
NPLs: Cash recovery down 20 percent

NPLs: Cash recovery down 20 percent

The banking sector''s cash recovery against non-performing loans (NLPs) has been on a slow track as has posted a notable decline of 20 percent during the third quarter of calendar year 2011 (CY11), as compared to second quarter, because of slow economic a
Published 17 Jan, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Jan, 2012 12:00am
Ban launches 'sustainable energy for all' initiative

Ban launches 'sustainable energy for all' initiative

UN Secretary General Ban Ki-moon launched Monday an initiative designating 2012 as the International Year of Sustainable Energy for All, with the aim of reaching its set goals by 2030. He called on governments, the private sector and civil society to acti
Published 17 Jan, 2012 12:00am
Ban launches 'sustainable energy for all' initiative

Ban launches 'sustainable energy for all' initiative

UN Secretary General Ban Ki-moon launched Monday an initiative designating 2012 as the International Year of Sustainable Energy for All, with the aim of reaching its set goals by 2030. He called on governments, the private sector and civil society to acti
Published 17 Jan, 2012 12:00am
Ban launches ''sustainable energy for all'' initiative

Ban launches ''sustainable energy for all'' initiative

UN Secretary General Ban Ki-moon launched Monday an initiative designating 2012 as the International Year of Sustainable Energy for All, with the aim of reaching its set goals by 2030. He called on governments, the private sector and civil society to acti
Published 17 Jan, 2012 12:00am
Government mulling benefiting from World Bank's DLI mode of financing

Government mulling benefiting from World Bank's DLI mode of financing

Pakistan is considering benefiting from World Bank Disbursement Link Indicators (DLI) mode of financing in the wake of discontinuation of budgetary support (programme lending) by multilateral and bilateral donors subsequent to suspension of the Internatio
Published 17 Jan, 2012 12:00am
Government mulling benefiting from World Bank's DLI mode of financing

Government mulling benefiting from World Bank's DLI mode of financing

Pakistan is considering benefiting from World Bank Disbursement Link Indicators (DLI) mode of financing in the wake of discontinuation of budgetary support (programme lending) by multilateral and bilateral donors subsequent to suspension of the Internatio
Published 17 Jan, 2012 12:00am
Government mulling benefiting from World Bank''s DLI mode of financing

Government mulling benefiting from World Bank''s DLI mode of financing

Pakistan is considering benefiting from World Bank Disbursement Link Indicators (DLI) mode of financing in the wake of discontinuation of budgetary support (programme lending) by multilateral and bilateral donors subsequent to suspension of the Internatio
Published 17 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The moved both ways on the currency market on Monday, marketmen said. The rupee slipped in relation to dollar, losing two paisa against dollar for buying at 90.30 and shed three paisa for selling at 90.35, they said.
Published 17 Jan, 2012 12:00am
Index gains 98.19 points

Index gains 98.19 points

The Karachi share market on Monday witnessed a bullish trend due to buying in oil, fertiliser and banking sectors and the KSE-100 index surge by 98.19 points to closed at 11,112.65 points from 11,014.46 points. Despite bullish trend, trading remained low
Published 17 Jan, 2012 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The moved both ways on the currency market on Monday, marketmen said. The rupee slipped in relation to dollar, losing two paisa against dollar for buying at 90.30 and shed three paisa for selling at 90.35, they said.
Published 17 Jan, 2012 12:00am
Index gains 98.19 points

Index gains 98.19 points

The Karachi share market on Monday witnessed a bullish trend due to buying in oil, fertiliser and banking sectors and the KSE-100 index surge by 98.19 points to closed at 11,112.65 points from 11,014.46 points. Despite bullish trend, trading remained low
Published 17 Jan, 2012 12:00am
Index gains 98.19 points

Index gains 98.19 points

The Karachi share market on Monday witnessed a bullish trend due to buying in oil, fertiliser and banking sectors and the KSE-100 index surge by 98.19 points to closed at 11,112.65 points from 11,014.46 points. Despite bullish trend, trading remained low
Published 17 Jan, 2012 12:00am
BRIndex30 up 64.15 points

BRIndex30 up 64.15 points

On Monday, the BRIndex30 opened at 8,328.55 points. It touched the intra-day high of 8,405.52 points and low of 8,315.71 points and closed at 8,392.70 points, with a net positive change of 64.15 points, or 0.77 percent higher than previous close. The volu
Published 17 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
BRIndex30 up 64.15 points

BRIndex30 up 64.15 points

On Monday, the BRIndex30 opened at 8,328.55 points. It touched the intra-day high of 8,405.52 points and low of 8,315.71 points and closed at 8,392.70 points, with a net positive change of 64.15 points, or 0.77 percent higher than previous close. The volu
Published 17 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on the Lahore Stock Exchange on Monday moved both ways and ended in positive zone amid sluggish trading due to cautious approach of the investors. The LSE-25 index gained 18.05 points, closing at 2909.16 points against 2891.11 points of last Frid
Published 17 Jan, 2012 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on the Lahore Stock Exchange on Monday moved both ways and ended in positive zone amid sluggish trading due to cautious approach of the investors. The LSE-25 index gained 18.05 points, closing at 2909.16 points against 2891.11 points of last Frid
Published 17 Jan, 2012 12:00am
ISE index up 32.51 points

ISE index up 32.51 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Monday where investors adopted cautious approach amid rise in index. ISE-10 Index showed an improvement of 32.51 points from 2,418.39 points to 2,450.90 points. Turnover amounted to 15,800
Published 17 Jan, 2012 12:00am
ISE index up 32.51 points

ISE index up 32.51 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Monday where investors adopted cautious approach amid rise in index. ISE-10 Index showed an improvement of 32.51 points from 2,418.39 points to 2,450.90 points. Turnover amounted to 15,800
Published 17 Jan, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 06th January, 2012.

Published 17 Jan, 2012 12:00am
LHC summons Awan through press advertisement

LHC summons Awan through press advertisement

The Lahore High Court here Monday decided to issue notice to PPP Senator Babar Awan through a press advertisement as court notices could not be served on him so far. Earlier, a court official informed the court that notices could not be delivered at the a
Published 17 Jan, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 06th January, 2012.

Published 17 Jan, 2012 12:00am
LHC summons Awan through press advertisement

LHC summons Awan through press advertisement

The Lahore High Court here Monday decided to issue notice to PPP Senator Babar Awan through a press advertisement as court notices could not be served on him so far. Earlier, a court official informed the court that notices could not be delivered at the a
Published 17 Jan, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
China supports political forces to maintain stability

China supports political forces to maintain stability

China supports all Pakistani political forces to maintain national stability and development, China's foreign ministry spokesman said on Monday. Liu Weimin made the remarks in a press statement, commenting on the present situation in Pakistan.
Published 17 Jan, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
China supports political forces to maintain stability

China supports political forces to maintain stability

China supports all Pakistani political forces to maintain national stability and development, China's foreign ministry spokesman said on Monday. Liu Weimin made the remarks in a press statement, commenting on the present situation in Pakistan.
Published 17 Jan, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
India army chief sues government over retirement

India army chief sues government over retirement

Indian army chief General VK Singh on Monday took the government to court in a dispute over his age, media reported. Singh petitioned the Supreme Court contending that his birth records prove he was born in 1951, and he was therefore not due to retire unt
Published 17 Jan, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
India army chief sues government over retirement

India army chief sues government over retirement

Indian army chief General VK Singh on Monday took the government to court in a dispute over his age, media reported. Singh petitioned the Supreme Court contending that his birth records prove he was born in 1951, and he was therefore not due to retire unt
Published 17 Jan, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
UK, Hong Kong team up to boost London as yuan centre

UK, Hong Kong team up to boost London as yuan centre

Britain is teaming up with Hong Kong to secure London a top spot as an offshore trading centre for the Chinese currency, as the UK aims to boost trade and investment ties with fast-growing Asian markets. In a speech at the Asia Financial Forum on Monday,
Published 17 Jan, 2012 12:00am
UK, Hong Kong team up to boost London as yuan centre

UK, Hong Kong team up to boost London as yuan centre

Britain is teaming up with Hong Kong to secure London a top spot as an offshore trading centre for the Chinese currency, as the UK aims to boost trade and investment ties with fast-growing Asian markets. In a speech at the Asia Financial Forum on Monday,
Published 17 Jan, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
UK, Hong Kong team up to boost London as yuan centre

UK, Hong Kong team up to boost London as yuan centre

Britain is teaming up with Hong Kong to secure London a top spot as an offshore trading centre for the Chinese currency, as the UK aims to boost trade and investment ties with fast-growing Asian markets. In a speech at the Asia Financial Forum on Monday,
Published 17 Jan, 2012 12:00am
Investment in Orient Power: DEG obtains Euros 3.2 million lien

Investment in Orient Power: DEG obtains Euros 3.2 million lien

DEG, an investment arm of the German government, has obtained a lien of 3.2 million euros on funds of MCB Bank in Commerz Bank in Germany, it is reliably learnt. The German emerging market investment arm had taken equity investment in Orient Power Pvt Ltd
Published 17 Jan, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
Investment in Orient Power: DEG obtains Euros 3.2 million lien

Investment in Orient Power: DEG obtains Euros 3.2 million lien

DEG, an investment arm of the German government, has obtained a lien of 3.2 million euros on funds of MCB Bank in Commerz Bank in Germany, it is reliably learnt. The German emerging market investment arm had taken equity investment in Orient Power Pvt Ltd
Published 17 Jan, 2012 12:00am
Investment in Orient Power: DEG obtains Euros 3.2 million lien

Investment in Orient Power: DEG obtains Euros 3.2 million lien

DEG, an investment arm of the German government, has obtained a lien of 3.2 million euros on funds of MCB Bank in Commerz Bank in Germany, it is reliably learnt. The German emerging market investment arm had taken equity investment in Orient Power Pvt Ltd
Published 17 Jan, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
Turkey to enter arbitration on Iran gas prices

Turkey to enter arbitration on Iran gas prices

Turkey expects to enter arbitration over the price paid for gas imports from neighbouring Iran, Energy Minister Taner Yildiz said on Monday, after Tehran rejected Ankara's complaint that the price is too high. Iran sits on the world's second-largest natur
Published 17 Jan, 2012 12:00am
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