BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2012-01-19
IBM income jumps 7pc in 2011
Industry

IBM income jumps 7pc in 2011

NEW YORK: Information technology giant IBM said Thursday that its net income jumped seven percent in 2011, driven by sur
Published 19 Jan, 2012 10:21pm
Mansoor Ijaz gets multiple entry visa
Top News

Mansoor Ijaz gets multiple entry visa

LONDON: Mansoor Ijaz, the central figure in the Memogate case has procured Pakistan visa from Pakistan High Commission i
Published 19 Jan, 2012 05:33pm
Senator Hamayun Mandokhel calls on PM
Top News

Senator Hamayun Mandokhel calls on PM

  ISLAMABAD: Senator Hamayun Mandokhel called on Prime Minister Syed Yusuf Raza Gilani here at his Parliament House Cha
Published 19 Jan, 2012 05:21pm
Algeria to import gas-oil in 2012
Top News

Algeria to import gas-oil in 2012

ALGIERS: Algeria will increase gas-oil imports this year because of scheduled maintenance and improvement works at its r
Published 19 Jan, 2012 02:31pm
Italy faces lengthy recession
Top News

Italy faces lengthy recession

ROME: Italy will be stuck in recession for most of 2012 and stabilise only at year-end, missing the government's fiscal
Published 19 Jan, 2012 02:14pm
South African bonds weaken
Financial

South African bonds weaken

JOHANNESBURG : South Africa 's government bonds weakened and yields edged higher, while the rand firmed slightly afte
Published 19 Jan, 2012 02:09pm
RECORDER REPORT: KSE-100 close of day
Top News

RECORDER REPORT: KSE-100 close of day

KARACHI: The KSE-100 Index on Thursday, lost 32.13 points to close at 11,515.59 level due to profit-taking in the late h
Published 19 Jan, 2012 01:01pm
Forex improves to $ 16.903bn
Top News

Forex improves to $ 16.903bn

KARACHI: Pakistan's liquid foreign reserves improved by $ 1.6 million to more than $ 16.903 billion on January 19, 2012,
Published 19 Jan, 2012 12:55pm
World stocks highest to this year
Top News

World stocks highest to this year

LONDON: World stocks rose to their highest this year and the euro gained on Thursday as good demand at European governme
Published 19 Jan, 2012 09:20am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Thursday, until 12:30 PM, KSE-100 Index was at 11,579.64 with a net positive change of 31.92 and volume of 4
Published 19 Jan, 2012 09:05am
Gilani insists on presidential immunity
Top News

Gilani insists on presidential immunity

ISLAMABAD : Prime Minister Yousuf Raza Gilani on Thursday told Supreme Court that the President Asif Ali Zardari enjoys
Published 19 Jan, 2012 04:38am
Japan ready to help Europe through IMF
Top News

Japan ready to help Europe through IMF

TOKYO: Japan said Thursday it was ready to answer an International Monetary Fund call for extra cash to help Europe stee
Published 19 Jan, 2012 04:30am
Contempt of charges: PM appears in SC
Top News

Contempt of charges: PM appears in SC

KARACHI : Prime Minister Yousuf Raza Gilani arrives at Supreme Court to face contempt charges.   PM tells court that Pre
Published 19 Jan, 2012 04:29am
RECORDER REPORT: KSE morning update
Top News

RECORDER REPORT: KSE morning update

KARACHI: Bullish trend continued at Karachi share market on Thursday A KSE 100 index crossed 11,600. The index hit 11,60
Published 19 Jan, 2012 03:45am
No FDI, no portfolio cash
BR Research

No FDI, no portfolio cash

By financing the current account deficit, transferring new technology and creating employment, foreign direct investment (FDI) can provide i
Published 19 Jan, 2012 12:00am
Chief minister urged to resolve problems of government employees

Chief minister urged to resolve problems of government employees

Central Chairman All Pakistan Clerks Association (APCA), Haji Fazal Dad on Wednesday urged Punjab Chief Minister Shahbaz Sharif to resolve problems of the government employees at the earliest. He said that demands which were yet to be honoured despite app
Published 19 Jan, 2012 12:00am
Minister's meeting with Aptma on January 20

Minister's meeting with Aptma on January 20

Minister for Petroleum and Natural Resources, Dr Asim Hussain has postponed his meeting with All Pakistan Textile Mills Association (Aptma) leadership scheduled for Wednesday (yesterday) due to court hearing on contempt of court notice against Prime Minis
Published 19 Jan, 2012 12:00am
DSP and SHO suspended

DSP and SHO suspended

The Sindh Home Department on Wednesday ordered to suspend a DSP and SHO of Boat Basin, as they were allegedly involved in taking a Deputy Shift Station Manager (DSSM) of Pakistan International Airline (PIA) into custody over his refusal to reschedule figh
Published 19 Jan, 2012 12:00am
'Economic stability must to improve world exports'

'Economic stability must to improve world exports'

Renowned economist Dr Kh. Amjad Saeed has underlined the importance of economic stability for improving world exports, development of economic and import projects of developing countries, job creation, poverty alleviation and improvement in living standar
Published 19 Jan, 2012 12:00am
Aptma stands for free market mechanism: Aziz

Aptma stands for free market mechanism: Aziz

Chairman All Pakistan Textile Mills Association (Aptma) Mohsin Aziz said on Wednesday that Aptma had always stood for free market mechanism in the larger interest of the country. Aptma neither proposed ban on export of cotton nor imposition of any other e
Published 19 Jan, 2012 12:00am
LGH finalises plan to deal with dengue

LGH finalises plan to deal with dengue

Lahore General Hospital (LGH) administration has finalised plan to deal with the possible spread of dengue fever this year, said Professor Dr Tariq Salahuddin, Principal Post Graduate Medical Institute and Lahore General Hospital. According to the plan, t
Published 19 Jan, 2012 12:00am
Mother, daughter gunned down

Mother, daughter gunned down

A woman and her young daughter were gunned down here on Wednesday. According to police, Shabbir Ahmed s/o Ghulam Muhammd, resident of Jajja Abbasian barged into the house of Shamim Bibi w/o Rasheed Ahmed and resorted to indiscriminate firing. Shamim Bibi
Published 19 Jan, 2012 12:00am
19 percent increase in 2011-12 cotton arrivals

19 percent increase in 2011-12 cotton arrivals

Despite earlier apprehensions of low cotton production during 2011-12 cotton season in Pakistan due to damage to cotton crop in lower Sindh by heavy rains and floods, the Pakistan Cotton Ginners Association has reported a 19 percent increase in cotton arr
Published 19 Jan, 2012 12:00am
CID nabs two alleged target killers

CID nabs two alleged target killers

Crime Investigation Department (CID) of Sindh Police on Wednesday claimed to have arrested two alleged target killers of one of the political parties and recovered weapons from their possession.
Published 19 Jan, 2012 12:00am
SPSC announces names of successful candidates

SPSC announces names of successful candidates

Sindh Public Service Commission Hyderabad has announced the names of successful candidates who were interviewed for the posts of Prosecuting Inspector BPS-16 in Enquiries & Anti-corruption Establishment S&GACD, Veterinary Officer (Poultry Wing) BPS-17 in
Published 19 Jan, 2012 12:00am
Three persons shot dead in city

Three persons shot dead in city

At least three persons including a Regional Sales Officer (RSO) of one of the private mobile companies were killed in separate incidents at various parts of the metropolis, here on Wednesday. According to police sources, the RSO was shot dead over resista
Published 19 Jan, 2012 12:00am
'Ratio of unemployment increasing due to lack of investment'

'Ratio of unemployment increasing due to lack of investment'

Acting President Hyderabad Chamber of Commerce & Industry Turab Ali Khoja said that our country is suffering from various crisis like shortage of energy, lack of law and order and political instability, which causes bad impact on local and foreign investo
Published 19 Jan, 2012 12:00am
President HCCI for fixing energy crisis

President HCCI for fixing energy crisis

Acting President Hyderabad Chamber of Commerce & Industry (HCCI) Turab Ali Khoja said on Wednesday that due energy crisis, poor law and order situation and political instability local as well as foreign investors were not willing to invest in the country.
Published 19 Jan, 2012 12:00am
Government making efforts to eliminate bonded labour

Government making efforts to eliminate bonded labour

Punjab Labour Minister Haji Ehsaan-ud-Din Qureshi said on Wednesday that the government was making all-out efforts to eliminate the menace of bonded labour in brick kilns from the province. He said that the government would provide guidance and assistance
Published 19 Jan, 2012 12:00am
US promoting investment in energy sector: CG

US promoting investment in energy sector: CG

US Consul General in Karachi, William Martin on Wednesday said the American government is active in promoting US investment, particularly in the energy sector in Pakistan. Speaking during his visit to Karachi Stock Exchange (KSE) here, Martin said the Ame
Published 19 Jan, 2012 12:00am
Lack of coordination keeping foreign investors away

Lack of coordination keeping foreign investors away

Lack of co-ordination among government departments is keeping foreign investors away from bringing fresh investments in the country. Although the Investment Boards ie Board of Investment (BOI), Sindh Board of Investment (SBoI) and others are endeavouring
Published 19 Jan, 2012 12:00am
Rs one billion needed to rehabilitate infrastructure in SITE: Rauf

Rs one billion needed to rehabilitate infrastructure in SITE: Rauf

Sindh Minister for Industry and Commerce Rauf Siddiqui has said at least Rs 1 billion are required for rehabilitation and development of the infrastructure in the industrial areas of the province. Talking to media persons during an inspection visit at a w
Published 19 Jan, 2012 12:00am
NESPAK signs MoU with Zadna International

NESPAK signs MoU with Zadna International

National Engineering Services Pakistan (NESPAK) in co-operation with IBEX Engineering Services of Pakistan has signed an MoU with Zadna International Company of Sudan for undertaking new engineering projects in Sudan and other neighbouring countries of th
Published 19 Jan, 2012 12:00am
Thar coal energy project

Thar coal energy project

The most ambitious energy project of the country seems to have finally caught the attention of the major global players in the industry. According to a news report, a consortium of US-based lignite mining giants has offered to invest dollar 10 billion in
Published 19 Jan, 2012 12:00am
Yet another sectarian carnage

Yet another sectarian carnage

This year's Ashura passed peacefully, generating a general sense of relief, which proved to be short-lived. Sectarian terrorists struck in Khanpur with wanton brutality on Sunday exploding a bomb as mourners were leaving an Imambargah to join the main Che
Published 19 Jan, 2012 12:00am
VIEW POINT: PPP: Inspried by the theatre of the absurd

VIEW POINT: PPP: Inspried by the theatre of the absurd

As it fights on to cover up its acts of omission and commission, the Zardari/ Gilani government has been resorting to irrational and illogical arguments and actions. The personal having become political, last week President Zardari gave a special intervie
Published 19 Jan, 2012 12:00am
Sales tax on franchising services

Sales tax on franchising services

According to the provisions of Sindh Sales Tax on Services Act 2011, (hereinafter referred to as the Act), franchise services are chargeable to sales tax at the rate of 10%. These services include franchise fee, royalty and technical fee. A franchise mean
Published 19 Jan, 2012 12:00am
Germany marks 70th anniversary of Wannsee Conference

Germany marks 70th anniversary of Wannsee Conference

On Friday, German President Christian Wulff will recall the momentous historic events that unfolded in the House of the Wannsee Conference, in the south of Berlin, 70 years ago on January 20, 1942. On that ominous date, 15 high-ranking Nazi officials met
Published 19 Jan, 2012 12:00am
Credit risk management and Islamic banking

Credit risk management and Islamic banking

The ongoing development of risk management methods and the increased use of innovative financial products such as securitization and credit derivatives have brought about substantial changes in the business environment faced by credit institutions today.
Published 19 Jan, 2012 12:00am
Pakistan losing $1 billion per day due to environmental degradation

Pakistan losing $1 billion per day due to environmental degradation

Pakistan is losing cumulatively $1 billion per day due to the environmental degradation while the successive governments have never given serious attention to the issue. This was the crux of the seminar on "Strategic Environmental Assessment - in the cont
Published 19 Jan, 2012 12:00am
Fafen report points out missing facilities in BHUs all over country

Fafen report points out missing facilities in BHUs all over country

A Free and Fair Election Network (FAFEN) report on Wednesday pointed out that some maternity services were lacking in Basic Health Units (BHUs). Fafen's Governance Monitors visited 133 BHUs in 87 districts nation-wide- 65 BHUs in 34 districts in Punjab, 2
Published 19 Jan, 2012 12:00am
Government has no threat from any institution: Naveed

Government has no threat from any institution: Naveed

Federal Minister for Water and Power Syed Naveed Qamar on Wednesday said the government is not facing any threat from any institution. Talking to a private news channel, the minister said, it is ultimate duty of every institution to protect the democratic
Published 19 Jan, 2012 12:00am
School teacher for recovery of her looted valuables

School teacher for recovery of her looted valuables

A 40-year old woman Riffat Shaheen asked the government to provide protection to her family and direct the authorities concerned for early recovery of her looted valuables. Shaheen was divorced five years ago. She is serving as a teacher in a government s
Published 19 Jan, 2012 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose early on Wednesday on gains in the euro and US equities and optimism that the International Monetary Fund will raise additional funds to help combat Europe's debt crisis. Bullion was on track for a third consecutive day of gains in decent tradin
Published 19 Jan, 2012 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

In New York, the key March COMEX contract firmed 2.30 cents to settle at $3.7525 per lb, maintaining momentum near the prior session's 2-1/2-month peak at $3.7590. Short-term technical support was also seen, with the cross-over of some simple moving avera
Published 19 Jan, 2012 12:00am
US MIDDAY: corn and soya fall

US MIDDAY: corn and soya fall

US corn and soyabean futures fell on Wednesday, with corn hitting its lowest in nearly a month as rainstorms provided relief to parched crops in Argentina, traders said. Wheat prices were pulled lower by the weakness in corn and ample global supplies.
Published 19 Jan, 2012 12:00am
Gold dips in London

Gold dips in London

Gold turned lower on Wednesday in line with a dip in the euro from the day's highs and a decline in stock markets, as initial enthusiasm over the International Monetary Fund's plan to boost lending to struggling euro zone nations evaporated.
Published 19 Jan, 2012 12:00am
Gold rises in Asia

Gold rises in Asia

Gold edged higher on Wednesday, but traded below the one-month high hit in the previous session on an improved global economic outlook, while investors shifted focus once again to the troubles of the eurozone. Spot gold edged up 0.2 percent to $1,654.89 a
Published 19 Jan, 2012 12:00am
Gold soars in New York

Gold soars in New York

Gold prices rose on Tuesday, in tandem with the euro, on technical buying and as lacklustre economic data lifted investor hopes for monetary stimulus in China. Bullion prices gained after weak growth suggested that China - called by some the world's econo
Published 19 Jan, 2012 12:00am
Soft commodity futures mixed

Soft commodity futures mixed

Soft commodity futures were a mixed bag in fairly slow business Wednesday as a lack of significant news kept most big players on the sidelines. Sugar was firm, coffee was mixed and cocoa was slightly lower. Volume in New York soft commodities ranged from
Published 19 Jan, 2012 12:00am
US soya up 2.2 percent

US soya up 2.2 percent

US grains futures rose on Tuesday as traders focused again on dry weather in South America. Bargain buying, encouraged by the weaker dollar, emerged after last week's price slump and lent further support. Markets looked past the ratings downgrade in Europ
Published 19 Jan, 2012 12:00am
Palm oil gains

Palm oil gains

Malaysian crude palm oil futures inched up on Wednesday as expectations that erratic weather in South America and Southeast Asia could limit edible oil supply overshadowed lingering European debt worries. Investors shifted their focus back to Europe ahead
Published 19 Jan, 2012 12:00am
Brent oil drops

Brent oil drops

Brent crude oil futures dropped back in Wednesday's session as a weak demand outlook from the International Energy Agency overshadowed hopes that the International Monetary Fund would be able to raise more money to help resolve Europe's debt crisis.
Published 19 Jan, 2012 12:00am
Copper steadies

Copper steadies

Copper steadied on Wednesday after hitting a 2-1/2 month high in the previous session, with caution about Europe's debt crisis prevailing ahead of Greek debt restructuring talks, although a stronger euro prevented metals from falling.
Published 19 Jan, 2012 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded April copper contract on the Shanghai Futures Exchange slipped 0.8 percent to 59,450 yuan ($9,400) a tonne on Wednesday. China's new home prices fell in December from November, for a third straight month of declines, and analysts expect pr
Published 19 Jan, 2012 12:00am
Tokyo rubber rises

Tokyo rubber rises

Key TOCOM rubber futures briefly touched a two-month high of 300.2 yen on Wednesday before settling up 2.8 percent on chances of market intervention by the Thai government to boost prices, but rising inventories may cap gains, a trader said. The key Tokyo
Published 19 Jan, 2012 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures settled lower on Wednesday due to modest profit-taking following the previous session's two-month high, and the market could consolidate here for now, analysts said. Benchmark March cotton futures fell 0.66 cent to end at 97.53 cents per lb
Published 19 Jan, 2012 12:00am
Britain urges tougher Syria sanctions

Britain urges tougher Syria sanctions

Britain called on Wednesday for harsher sanctions on Syria, where an Arab monitoring mission has failed to halt bloodshed in a 10-month-old revolt against President Bashar al-Assad. Syria may let the monitors stay on after their mandate expires on Thursda
Published 19 Jan, 2012 12:00am
Wikipedia, Google protest US antipiracy proposals

Wikipedia, Google protest US antipiracy proposals

January 18 is a date that will live in ignorance, as Wikipedia started a 24-hour blackout of its English-language articles, joining other sites in a protest of pending US legislation aimed at shutting down sites that share pirated movies and other content
Published 19 Jan, 2012 12:00am
Rocket hits Turkish embassy wall in Iraq

Rocket hits Turkish embassy wall in Iraq

At least one mortar round struck the outer compound wall of the Turkish embassy in Baghdad on Wednesday, but caused no casualties, an Iraqi official said, amid tensions between the two countries. A mortar round struck the perimeter of the mission in Wazir
Published 19 Jan, 2012 12:00am
Sarkozy makes pre-election push on labour reform

Sarkozy makes pre-election push on labour reform

French President Nicolas Sarkozy, facing economic downturn and mounting job losses, urged union bosses on Wednesday to work with him on job-friendly labour law reforms at a "crisis social summit" he has called three months from an election.
Published 19 Jan, 2012 12:00am
Romney pounds Gingrich in Republican White House contest

Romney pounds Gingrich in Republican White House contest

Republican White House hopefuls assailed each other Wednesday ahead of this state's key nominating primary, with frontrunner Mitt Romney pounding his chief conservative threat, Newt Gingrich. At a campaign rally here, Romney mocked Gingrich's claims to ha
Published 19 Jan, 2012 12:00am
Gunmen kill five Europeans, abduct two in Ethiopia

Gunmen kill five Europeans, abduct two in Ethiopia

Gunmen killed five Europeans trekking near Ethiopia's famed Erta Ale volcano and kidnapped two others, officials said Wednesday, in the region's worst attack on tourists in years. The volcano is one of Africa's most spectacular and lies in the Afar depres
Published 19 Jan, 2012 12:00am
Suu Kyi launches bid for parliament

Suu Kyi launches bid for parliament

Myanmar opposition leader Aung San Suu Kyi launched her historic bid for a seat in parliament Wednesday in the latest sign of change in the country after the end of decades of outright military rule. The Nobel Peace Prize winner is standing in April 1 by-
Published 19 Jan, 2012 12:00am
Israeli raid kills two in Gaza

Israeli raid kills two in Gaza

An Israeli air raid on the northern Gaza Strip killed two Palestinians and wounded a third on Wednesday, a spokesman for the Hamas-run emergency services told AFP. "We recovered one martyr and two other people with injuries after the air raid carried out
Published 19 Jan, 2012 12:00am
Turkey's coup leaders barred from travel

Turkey's coup leaders barred from travel

A court on Wednesday ordered the last two surviving leaders of Turkey's 1980 military coup to remain in the country before their trial in April, state-run television reported.
Published 19 Jan, 2012 12:00am
Two attacks kill 13 in Afghan south

Two attacks kill 13 in Afghan south

A suicide bomber and a remotely detonated mine killed 13 people including a security official on Wednesday in Afghanistan's southern Helmand province, an area where Nato-led forces have claimed security improvements over the past year.
Published 19 Jan, 2012 12:00am
Turkey does not want return to Iraq chaos: minister

Turkey does not want return to Iraq chaos: minister

Turkey does not want a return to chaos in Iraq, Turkish Economy Minister Zafer Caglayan said on Wednesday in comments that followed a complaint from Baghdad that Ankara was meddling in its internal affairs. Iraq summoned the Turkish ambassador in Baghdad
Published 19 Jan, 2012 12:00am
Thousand-ship flotilla to mark UK queen's jubilee

Thousand-ship flotilla to mark UK queen's jubilee

A seven-mile flotilla of 1,000 ships will sail down the River Thames in one of the biggest and most spectacular events ever seen in London to mark Queen Elizabeth's 60 years on the throne, organisers said on Wednesday. The 10 million pound ($15 million) p
Published 19 Jan, 2012 12:00am
Two UK soldiers held over child abuse

Two UK soldiers held over child abuse

Two British soldiers have been arrested for "inappropriate behaviour" in Afghanistan, the British Ministry of Defence said on Wednesday after a newspaper report of child abuse. Quoting defence sources, Britain's Sun newspaper reported that the pair had ab
Published 19 Jan, 2012 12:00am
Brotherhood rejected Iran-mediated deal

Brotherhood rejected Iran-mediated deal

Iranian officials contacted Syria's Muslim Brotherhood to try to mediate a political solution to a 10-month-old uprising against President Bashar al-Assad but their efforts were rebuffed, a senior Brotherhood member said on Wednesday.
Published 19 Jan, 2012 12:00am
General Tyre

General Tyre

Gentipak commonly referred to as General Tyre is a public limited company. Majority of this company's ownership is shared by Bibojee Services Ltd, Pak-Kuwait Investment Company (Pvt) Ltd and National Investment Trust.
Published 19 Jan, 2012 12:00am
General Tyre

General Tyre

Gentipak commonly referred to as General Tyre is a public limited company. Majority of this company's ownership is shared by Bibojee Services Ltd, Pak-Kuwait Investment Company (Pvt) Ltd and National Investment Trust.
Published 19 Jan, 2012 12:00am
Government urged to address energy issue on immediate basis

Government urged to address energy issue on immediate basis

Former President FPCCI and Vice President SAARC Chamber of Commerce Pakistan Chapter Iftikhar Ali Malik has said that uninterrupted supply of power is a pre-requisite for the economic growth and development of the country.
Published 19 Jan, 2012 12:00am
APMEA welcomes GST cut on tractors

APMEA welcomes GST cut on tractors

Chairman Auto Parts Manufacturers and Exporters Association (APMEA) Tahir Javaid Malik has welcomed the government's decision to cut General Sales Tax (GST) on tractors from 16 percent to 5 percent. He further said that the decision would give relief to t
Published 19 Jan, 2012 12:00am
KCA expresses concern over PCGA's statement

KCA expresses concern over PCGA's statement

The Karachi Cotton Association has expressed its serious concern and anguish over the PCGA's statement published in a section of press to the effect that the KCA have no right to demand for imposition of ban on export of raw cotton at the cost of growers
Published 19 Jan, 2012 12:00am
AKUH launches first automated laboratory system

AKUH launches first automated laboratory system

A state-of-the-art automated laboratory system that ensures more accurate test results as well as allows a quicker reporting time is being launched at Aga Khan University Hospital, Karachi (AKUH). Firoz Rasul, President, Aga Khan University, will be the c
Published 19 Jan, 2012 12:00am
Seminar on gender sensitive legislation today

Seminar on gender sensitive legislation today

South Asia Partnership Pakistan (SAPPK) in collaboration with an alliance of 16 NGOs is organising a seminar on "Gender Sensitive Legislation and issue of Implementation" here at Punjabi Complex hall, Qaddafi stadium on Thursday.
Published 19 Jan, 2012 12:00am
PTI condemns PPP for taking situation to point of no return

PTI condemns PPP for taking situation to point of no return

A PTI leader has condemned the PPP government for taking the situation to point of no return by confronting with state organs. Abdul Aleem Khan, former provincial minister and recent entrant to PTI, has said the situation was leading to political murder o
Published 19 Jan, 2012 12:00am
Snubbed by Pakistan, US envoy goes to India

Snubbed by Pakistan, US envoy goes to India

A US envoy on a mission to discuss post-war Afghanistan will head on a previously unscheduled trip to New Delhi after India's rival Pakistan refused his visit, officials said Wednesday. US officials said Pakistan informed them that it did not want to rece
Published 19 Jan, 2012 12:00am
Mansoor has not yet applied for visa: Malik

Mansoor has not yet applied for visa: Malik

Interior Minister A Rehman Malik Wednesday said Mansoor Ejaz has not yet applied for visa, however Pakistan embassies have been directed to issue visa to Mansoor Ejaz immediately after he applies for it. Talking to media outside the Parliament House he sa
Published 19 Jan, 2012 12:00am
CCoR directed to expedite restructuring of Discos

CCoR directed to expedite restructuring of Discos

A meeting of Cabinet Committee on Restructuring (CCoR) held here on Wednesday with Federal Minster for Finance and Economic Affairs Dr Abdul Hafeez Shaikh in the chair to discuss the reforms in power sector. The CCoR informed the minister about the implem
Published 19 Jan, 2012 12:00am
Misbah's late dismissal caps England's fightback

Misbah's late dismissal caps England's fightback

Off-spinner Graeme Swann trapped Pakistan skipper Misbah-ul Haq in the penultimate over of the second day to help England fight back in the second Test here on Wednesday. Misbah's 13th half-century - his 11th in 13 Tests as captain - had kept Pakistan in
Published 19 Jan, 2012 12:00am
Barca and Real players hog votes in team of year poll

Barca and Real players hog votes in team of year poll

Players from Barcelona and Real Madrid took eight of the 11 places in a 2011 Team of the Year voted by subscribers to UEFA's official website. Just as in 2010, Spain-based talent dominated with five of Barca's La Liga and Champions League winning side sel
Published 19 Jan, 2012 12:00am
Warne in spin after spat with cyclist

Warne in spin after spat with cyclist

Cricket great Shane Warne on Wednesday hit out at "antagonistic" cyclists after a road rage incident that he reported to police. In a Twitter rant late Tuesday, the spin-king said a cyclist had grabbed on to the back of his car for a free ride as he heade
Published 19 Jan, 2012 12:00am
Nalbandian rant stirs up Open

Nalbandian rant stirs up Open

A furious rant by David Nalbandian stirred up the Australian Open Wednesday, as Rafael Nadal made a timely return to form and Roger Federer reached the third round without picking up his racquet. Women's champion Kim Clijsters raced through in just 47 min
Published 19 Jan, 2012 12:00am
Azarenka silences mockers with ruthless demolition

Azarenka silences mockers with ruthless demolition

Victoria Azarenka underlined her credentials as an Australian Open title contender, if not a crowd favourite, with a ruthless 6-1 6-0 demolition of local wildcard Casey Dellacqua in the second round on Wednesday. The Belarussian's loud grunts inspired a s
Published 19 Jan, 2012 12:00am
Sri Lanka government orders probe after defeats

Sri Lanka government orders probe after defeats

The Sri Lankan government has ordered a probe into the national cricket team's "crisis situation" after they fell to another defeat in their one-day series in South Africa, an official said Wednesday. Sports Minister Mahindananda Aluthgamage asked the cou
Published 19 Jan, 2012 12:00am
India woes leave Dhoni feeling the heat

India woes leave Dhoni feeling the heat

Less than a year after being hailed as India's greatest cricket captain, Mahendra Singh Dhoni finds his head on the block after another woeful Test series abroad. The 30-year-old could do no wrong when he led India to World Cup glory at home in April last
Published 19 Jan, 2012 12:00am
Relief for Hughes as QPR end FA Cup jinx

Relief for Hughes as QPR end FA Cup jinx

Mark Hughes registered the first win of his reign at Queens Park Rangers on Tuesday as the Premier League strugglers ended their 11-year FA Cup jinx to beat MK Dons 1-0. A powerful Danny Gabbidon header settled a scrappy game at Loftus Road, with QPR now
Published 19 Jan, 2012 12:00am
Sterling gains

Sterling gains

Sterling rose against the dollar but lagged the euro on Wednesday as reports the International Monetary Fund was proposing to boost its lending resources supported the euro and riskier currencies. Bloomberg News reported that the IMF was planning a large
Published 19 Jan, 2012 12:00am
Emerging Asian currencies soar

Emerging Asian currencies soar

Emerging Asian currencies rose on Wednesday with the rupiah gaining on hopes for more inflows after Moody's upgraded Indonesia's sovereign rating, while the won and ringgit broke through technical resistance levels. Earlier, Moody's Investors Service rais
Published 19 Jan, 2012 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose for the fifth consecutive session on Wednesday and touched its highest in more than two months, driven by robust dollar inflows and a rise in the euro, though dollar demand from oil importers tempered gains. The rupee ended at 50.375
Published 19 Jan, 2012 12:00am
Swiss franc steadies

Swiss franc steadies

The Swiss franc trod water against the euro on Wednesday as investors eyed Portuguese and German debt auctions and Greece's debt restructuring talks for indications on the direction of the euro zone crisis. The franc was little changed against the euro co
Published 19 Jan, 2012 12:00am
Australian and New Zealand dollars off highs

Australian and New Zealand dollars off highs

The Australian and New Zealand dollars held near record highs on the euro and nudged up on the greenback on Wednesday as investors were buoyed by a raft of upbeat data, ahead of European bond sales. While a broadly firmer euro held off recent lows against
Published 19 Jan, 2012 12:00am
Euro soars in New York

Euro soars in New York

The euro rose against the dollar on Tuesday, ending two days of declines, and commodity-linked currencies advanced as risk appetite improved after better-than-expected German economic data and strong Chinese growth figures. Solid demand at Spain's Treasur
Published 19 Jan, 2012 12:00am
Midday trade in New York: Euro rallies for second day

Midday trade in New York: Euro rallies for second day

The euro rose against the dollar for a second straight session on Wednesday as investors reduced bearish bets after reports about a possible increase in the International Monetary Fund's lending capabilities and a comment from Fitch saying it does not exp
Published 19 Jan, 2012 12:00am
Euro rallies broadly

Euro rallies broadly

The euro rallied broadly on Wednesday following a media report that the International Monetary Fund would increase its funding capabilities, and was also boosted by a ratings agency appearing to soften its stance regarding its outlook on Italy. The shared
Published 19 Jan, 2012 12:00am
Euro keeps gains in Asia

Euro keeps gains in Asia

The euro struggled to maintain gains in Asia on Wednesday, as short-covering after recent lows was tempered by caution ahead of Greek debt talks and a Portuguese bond auction later in the session. The single currency rose 0.2 percent to $1.2775, pulling w
Published 19 Jan, 2012 12:00am
Iran's currency hits record low

Iran's currency hits record low

Iran's currency, the rial, hit a record low against the dollar on Wednesday, the ISNA news agency reported, based on rates in black-market trading that the government has tried to ban. The rial's plunge, to 18,000 to the dollar, comes ahead of an EU forei
Published 19 Jan, 2012 12:00am
Yuan rises

Yuan rises

China's yuan rose slightly on Wednesday, as better than expected GDP data and a weaker dollar overnight prompted a stronger central bank mid-point. The yuan traded around 6.3116 at midday, 34 pips stronger than Tuesday's close, after the central bank set
Published 19 Jan, 2012 12:00am
FTSE closes above 5,700 for first time in three months

FTSE closes above 5,700 for first time in three months

Britain's top share index nosed ahead on Wednesday to close above 5,700 points for the first time since the end of October, 2011, as strength in heavyweight miners and banks countered falls in integrated oils. The FTSE 100 ended the day up 8.42 points, or
Published 19 Jan, 2012 12:00am
European shares flat

European shares flat

European shares held steady above a technical resistance level for the second day on Wednesday in thin volume as investors stayed away after the resumption of talks to stave off a disorderly debt default by Greece.
Published 19 Jan, 2012 12:00am
Australian shares steady

Australian shares steady

Australian shares ended a fraction higher on Wednesday, supported as global economic data calmed growth fears and BHP Billiton, the world's biggest mining company, forecast record iron ore production this year. BHP rose 0.8 percent to A$37 after its Decem
Published 19 Jan, 2012 12:00am
Hong Kong shares up; China falls

Hong Kong shares up; China falls

Hong Kong shares held firm on Wednesday supported by short-covering and gains by insurers, even as markets in Shanghai gave up some of the previous session's strong gains as investors turned cautious ahead of the week-long Lunar New Year holiday. The Hang
Published 19 Jan, 2012 12:00am
Saudi index halts losses

Saudi index halts losses

The Saudi stock index recovered in late trade to close 0.1 percent higher on Wednesday, halting two days of sharp losses following lower-than-expected earnings, and UAE bourses rebounded after recent falls. Al Rajhi Bank, the largest listed lender by mark
Published 19 Jan, 2012 12:00am
Indian stocks fall marginally

Indian stocks fall marginally

Indian shares closed slightly lower on Wednesday after a day of see-sawing, as investors digested results from the country's IT industry leader Tata Consultancy Services and a potential share buyback from heavyweight Reliance Industries. Reliance, the cou
Published 19 Jan, 2012 12:00am
Long-dated Treasuries gain

Long-dated Treasuries gain

Longer-dated US Treasuries gained in price on Tuesday, boosted by the Federal Reserve's bond purchase program and as investors still concerned about the European debt crisis used an earlier rise in yields as an opportunity to buy. The Fed bought $2.52 bil
Published 19 Jan, 2012 12:00am
Long-dated Treasuries gain

Long-dated Treasuries gain

Longer-dated US Treasuries gained in price on Tuesday, boosted by the Federal Reserve's bond purchase program and as investors still concerned about the European debt crisis used an earlier rise in yields as an opportunity to buy. The Fed bought $2.52 bil
Published 19 Jan, 2012 12:00am
Taiwan stocks soar

Taiwan stocks soar

Taiwan stocks ended up 0.17 percent on Wednesday, the last session before the long Lunar New Year holiday, but financials fell on lingering concern that the euro zone debt crisis could deteriorate. The main TAIEX index gained 12.61 points to end at 7,233.
Published 19 Jan, 2012 12:00am
Wall Street off highs as Citi sinks

Wall Street off highs as Citi sinks

US stocks advanced on Tuesday, pushing the S&P 500 to its highest since early August, but sharply pared gains late in the session as Citigroup's steep drop in profit gave investors a reason to unload bank shares. The financial sector, which has outperform
Published 19 Jan, 2012 12:00am
Wednesday's midday trade: stocks rise on IMF hopes

Wednesday's midday trade: stocks rise on IMF hopes

US stocks rose on Wednesday on optimism the International Monetary Fund wants to raise more money to help combat Europe's debt crisis and after Goldman Sachs' earnings beat estimates. Goldman Sachs Group Inc reported fourth-quarter earnings that topped an
Published 19 Jan, 2012 12:00am
Nikkei climbs

Nikkei climbs

Japan's Nikkei average rose to its highest closing level in nearly two weeks on Wednesday with traders citing a boost from large programme trade in the afternoon, while electrical wire companies were the small-cap favourite of the day.
Published 19 Jan, 2012 12:00am
South Korean shares flat

South Korean shares flat

Seoul shares ended flat on Wednesday after a narrow trading session, unable to break through stubborn technical resistance with investors taking pause after raking in hefty gains on Tuesday. "Investors seem to be taking a more conservative approach ahead
Published 19 Jan, 2012 12:00am
South East Asian markets: Indonesia rebounds after rating upgrades

South East Asian markets: Indonesia rebounds after rating upgrades

Indonesian stocks pushed higher on Wednesday, reversing early losses after Moody's upgraded the credit status of Southeast Asia's biggest economy to investment grade, with banks rallying following deposit ratings upgrades by the ratings agency.
Published 19 Jan, 2012 12:00am
German shift from nuclear a Herculean task

German shift from nuclear a Herculean task

Progress in Germany's energy shift away from nuclear power is painfully slow, hampered by what energy sector executives say are inadequate incentives and a lack of strong investors, suggesting it will be Herculean task. Germany, prompted by the March 11 e
Published 19 Jan, 2012 12:00am
Ryanair to create 1,000 new jobs in 2012

Ryanair to create 1,000 new jobs in 2012

Ryanair, Europe's largest low-cost airline, says it plans to hire 1,000 people this year, an increase in its workforce of over 10 percent as it boosts its fleet to 305 aircraft from 270. The airline, which says it has picked up business as struggling Euro
Published 19 Jan, 2012 12:00am
SMFG, Sumitomo in $7.3 billion deal for RBS Aviation

SMFG, Sumitomo in $7.3 billion deal for RBS Aviation

Japan's Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Corp are buying the aircraft-leasing business of Royal Bank of Scotland in a deal worth $7.3 billion, in the most aggressive acquisition by a Japanese lender since European banks began offloading
Published 19 Jan, 2012 12:00am
Ukraine takes tough line as Russia gas talks resume

Ukraine takes tough line as Russia gas talks resume

Ukraine will not buy the amount of gas from Russia set out in a 2009 bilateral agreement which has been denounced as unfair by Kiev, Ukrainian Prime Minister Mykola Azarov said on Tuesday, setting the tone for a new round of gas price talks. "We have clea
Published 19 Jan, 2012 12:00am
US industrial output rises, producer prices fall

US industrial output rises, producer prices fall

US industrial output rose in December as manufacturing rebounded at its strongest pace in a year, further evidence the economy ended 2011 on a firmer footing. Other data on Wednesday showed inflation pressures remained in check, with wholesale prices slip
Published 19 Jan, 2012 12:00am
French banks get choosy on clients

French banks get choosy on clients

French banks BNP Paribas and Natixis are to focus investment-banking activity on a select list of large clients to help preserve capital and cut debt amid the euro zone debt crisis, according to memos obtained by Reuters. The moves are a fresh indication
Published 19 Jan, 2012 12:00am
Lloyds axes 700 jobs

Lloyds axes 700 jobs

Part-nationalised British bank Lloyds is cutting 700 jobs within various parts of the group, as part of a broader plan to reduce 15,000 roles first announced last year. Lloyds, which is 40-percent owned by the British government after it was bailed out du
Published 19 Jan, 2012 12:00am
Occupy London protesters told to leave St Paul's

Occupy London protesters told to leave St Paul's

A court ruled on Wednesday that a protest camp denouncing economic inequality should be removed from its site outside St Paul's Cathedral in London. Dozens of protesters from the Occupy London movement have been camping outside St Paul's, one of London's
Published 19 Jan, 2012 12:00am
Yahoo co-founder resigns

Yahoo co-founder resigns

Yahoo Inc co-founder Jerry Yang has quit the company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that could have transformed the struggling compa
Published 19 Jan, 2012 12:00am
Citigroup pays $725,000 fine for analyst conflict

Citigroup pays $725,000 fine for analyst conflict

An industry regulator fined Citigroup Inc $725,000 for not disclosing conflicts of interest in the bank's research division. The Financial Industry Regulatory Authority said Wednesday that Citigroup Global Markets failed to disclose the conflicts in repor
Published 19 Jan, 2012 12:00am
Greek fears aid German debt sale; Spain the big test

Greek fears aid German debt sale; Spain the big test

Investors sought refuge in short-term German debt on Wednesday as Greece and its creditors met in a fresh attempt to stave off a messy default, while ample European Central Bank cash helped a Portuguese bill sale. Nearly half trillion euros in three-year
Published 19 Jan, 2012 12:00am
Seven charged in single-trade stock fraud case

Seven charged in single-trade stock fraud case

A hedge fund co-founder, four financial analysts and a Dell Inc employee teamed up in a record-setting insider trading scheme that netted more than $61.8 million in illegal profits based on trades of a single stock, authorities said Wednesday. They descri
Published 19 Jan, 2012 12:00am
Bulgaria bans shale oil and gas drilling

Bulgaria bans shale oil and gas drilling

The Bulgarian parliament banned on Wednesday shale oil and gas exploration through hydraulic fracturing or fracking due to environmental concerns following widespread protests against the unconventional procedure. The Balkan country is the second European
Published 19 Jan, 2012 12:00am
Ukraine's finance minister quits

Ukraine's finance minister quits

Ukraine's finance minister stepped down on Wednesday in what analysts said appeared to be a move by President Viktor Yanukovich to assert a tighter grip on financial policy ahead of a parliamentary election in October. Though Fedir Yaroshenko was quoted b
Published 19 Jan, 2012 12:00am
Foreign demand for US assets rise

Foreign demand for US assets rise

Foreigners increased their purchases of long-dated US securities in November, a period when investors were risk-averse due to the euro zone debt crisis and money flowed into US government bonds, a Treasury report showed on Wednesday.
Published 19 Jan, 2012 12:00am
Europe's new treaty to tighten budget rules

Europe's new treaty to tighten budget rules

European Union diplomats are trying to reach agreement on a new treaty enforcing stricter budget rules in the eurozone and other participating countries, but obstacles remain to securing a deal amid efforts to soften some of the measures. The final draft
Published 19 Jan, 2012 12:00am
Several changes seen on grain market

Several changes seen on grain market

Several changes were seen on the wholesale grain and seed market on Wednesday as some leading buyers showed interest in fresh deals, dealers said. On the cereal side gur was trading at Rs 4200-5200, masoor Canada was quoted at Rs 5000, masoor dal Canada a
Published 19 Jan, 2012 12:00am
Prices on cotton market trace New York cotton futures' upward trend

Prices on cotton market trace New York cotton futures' upward trend

As a result of higher trend in the NY cotton futures prices went up on the domestic cotton market on Wednesday, dealers said. The official spot rate was up by Rs 100 at Rs 5,500, they said. Prices of seedcotton in Sindh were at Rs 1800-2350 and in the Pun
Published 19 Jan, 2012 12:00am
Oil cake market rates

Oil cake market rates

Prices moved both ways on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The January contract that had ended at Rs 1157.20 commenced with a loss of 70 paisa at Rs 1156.50. The new March vaida which closed at Rs 773
Published 19 Jan, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 96,098 tonnes of cargo comprising 80,506 tonnes of import cargo and 15,592 tonnes of export cargo including 2,561 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 80,506 to
Published 19 Jan, 2012 12:00am
Allied Bank declares PLS profit rates

Allied Bank declares PLS profit rates

Allied Bank Limited has declared the following rates of profit on PLS deposits for the period of six months ended 31st December 2011.

Published 19 Jan, 2012 12:00am
Allied Bank declares PLS profit rates

Allied Bank declares PLS profit rates

Allied Bank Limited has declared the following rates of profit on PLS deposits for the period of six months ended 31st December 2011.

Published 19 Jan, 2012 12:00am
Kenyan tea prices rise as demand surges

Kenyan tea prices rise as demand surges

The average price for top grade Kenyan tea increased to $3.61 per kg at this week's sale from $2.98 at the previous sale on increased demand from a range of importing nations, brokers said on Wednesday. Mombasa-based Africa Tea Brokers (ATB) said the amou
Published 19 Jan, 2012 12:00am
China may be world's largest sugar importer by 2020

China may be world's largest sugar importer by 2020

China is likely to become the world's largest sugar importer by 2020 as consumption grows along with incomes, said Commonwealth Bank of Australia in a report on Wednesday. CBA said increased urbanisation and a Westernisation of diets would see sugar consu
Published 19 Jan, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 19 Jan, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 19 Jan, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 19 Jan, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 19 Jan, 2012 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 (January 18, 2012).

Published 19 Jan, 2012 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 (January 18, 2012).

Published 19 Jan, 2012 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 (January 18, 2012).

Published 19 Jan, 2012 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 (January 18, 2012).

Published 19 Jan, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (January 18, 2012).
Published 19 Jan, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (January 18, 2012).

Published 19 Jan, 2012 12:00am
Previous Day