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Archive - 2012-01-21
Steps taken to facilitate tax payers
Top News

Steps taken to facilitate tax payers

FAISALABAD: Regional tax office, Faisalabad, to facilitate tax payers, has placed complaint boxes at offices of Faisalab
Published 21 Jan, 2012 11:25am
Iran, China relation are strategic
Top News

Iran, China relation are strategic

ISLAMABAD: Islamic Republic of Iran has large-scale relations with China which include strategic ties, deputy secretary
Published 21 Jan, 2012 10:45am
Circular debt swells to Rs600bn
Top News

Circular debt swells to Rs600bn

MUSHTAQ GHUMMAN ISLAMABAD:  The country's inter circular debt has swelled to about Rs.600 billion due to the failure
Published 21 Jan, 2012 04:42am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 96,078 tonnes of cargo comprising 68,540 tonnes of import cargo and 27,538 tonnes of export cargo including 4,093 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 68,540 tonne
Published 21 Jan, 2012 12:00am
US corn, wheat up for second day

US corn, wheat up for second day

US corn and wheat rose for a second straight day on Friday, on track to end the week on a positive note after two straight weeks of losses, with easing concern over the European debt crisis providing support. Asian shares extended their gains to fresh two
Published 21 Jan, 2012 12:00am
US Midwest bids for corn firm, soya higher

US Midwest bids for corn firm, soya higher

Corn spot basis bids were firm at ethanol plants and soyabean bids were higher at soya processors around the US Midwest on Thursday, as slow farmer sales continued to support each commodity, grain merchants said. Many farmers are bullish and likely to rem
Published 21 Jan, 2012 12:00am
Russia Polymetal sees 2012 gold output rise

Russia Polymetal sees 2012 gold output rise

Russian precious metals miner Polymetal expects 2012 gold output to range from 590,000-640,000 ounces, up from 443,000 ounces last year, as it expands mining operations, it said on Thursday. Silver output is expected between 21-23 million ounces this year
Published 21 Jan, 2012 12:00am
Ukraine to boost maize output in 2012

Ukraine to boost maize output in 2012

Ukraine wants to increase its area under maize by 700,000 hectares in 2012, targeting a total area of 4.3 million hectares, Farm Minister Mykola Prysyazhnyuk said on Wednesday. "We will be recommending increasing the area under maize by 700,000 hectares.
Published 21 Jan, 2012 12:00am
China sets five-year demand, output plans on base metals

China sets five-year demand, output plans on base metals

China will step up efforts to reduce overcapacity and energy consumption in its nonferrous metals industry and is aiming to keep its annual output of 10 major metals at 46 million tonnes by 2015, from 31.21 million tonnes in 2010, an industry website repo
Published 21 Jan, 2012 12:00am
KARACHI CHRONICLE: A deep, profound loss

KARACHI CHRONICLE: A deep, profound loss

Arifa Karim Randhawa, the world's youngest Microsoft Certified Professional (MCP) died on Saturday January 14 at the Combined Military Hospital Lahore, losing her fight against epilepsy which led to cardiac arrest. She was 16. 0! what a national loss this
Published 21 Jan, 2012 12:00am
Economic disparity

Economic disparity

Years ago, when I was involved with the UNICEF projects, we played with figures of health and economic indicators. The average monthly income based on these indicators was quite low at that time and around 35% of population was falling below 'poverty line
Published 21 Jan, 2012 12:00am
ART FACTS: Artistic expressions in black and white

ART FACTS: Artistic expressions in black and white

Drawing is one of the basic media that allows an artist to satisfy his/her artistic endeavours. It is a simplest way to express his/her creativity. Abrar Ahmed's drawing exhibition titled "A Symphony in Line and Ink" at Ocean Art Galleries, Lahore also pr
Published 21 Jan, 2012 12:00am
BOOK REVIEWS: A distinguished artist

BOOK REVIEWS: A distinguished artist

Through this book Marjorie Husain bring forth Colin David's life and works giving an opportunity to the art lovers and art students to understand art in 1960s and know about the artistic vision of Colin David through the years, celebrating his five decade
Published 21 Jan, 2012 12:00am
LITERARY NOTES: PWA's Platinum Jubilee

LITERARY NOTES: PWA's Platinum Jubilee

PWA's Platinum Jubilee celebrations were held enthusiastically on 31 December - the last day of 2011. Inspite of the fact that the city was almost paralysed due to CNG dealers' strike, the change of venue from the Arts Council of Pakistan to Jinnah Medica
Published 21 Jan, 2012 12:00am
BRIDGE NOTES: Q.E.D in ridge

BRIDGE NOTES: Q.E.D in ridge

Elimination play has a thrill of its own at bridge. A good declarer is conversant with its basic rule that is when you have or will have trumps remaining in both hands with no obvious way of making them separately, look for a strip.
Published 21 Jan, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 21 Jan, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 21 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 21 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 21 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 Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
President confers Nishan-i-Imtiaz (M) on naval chief

President confers Nishan-i-Imtiaz (M) on naval chief

President Asif Ali Zardari on Friday decorated Naval Chief, Admiral Muhammad Asif Sandila with Nishan-i-Imtiaz (Military) at Aiwan-e-Sadr during a special investiture ceremony.
Published 21 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 Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
President confers Nishan-i-Imtiaz (M) on naval chief

President confers Nishan-i-Imtiaz (M) on naval chief

President Asif Ali Zardari on Friday decorated Naval Chief, Admiral Muhammad Asif Sandila with Nishan-i-Imtiaz (Military) at Aiwan-e-Sadr during a special investiture ceremony.
Published 21 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 Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
France threatens Afghan pullout: six US troops killed in chopper crash

France threatens Afghan pullout: six US troops killed in chopper crash

France threatened on Friday to pull out early from the Nato-led war in Afghanistan after a rogue Afghan soldier opened fire on French soldiers, killing four and wounding about 15 others. The killings in the Taghab valley of Afghanistan's eastern Kapisa pr
Published 21 Jan, 2012 12:00am
France threatens Afghan pullout: six US troops killed in chopper crash

France threatens Afghan pullout: six US troops killed in chopper crash

France threatened on Friday to pull out early from the Nato-led war in Afghanistan after a rogue Afghan soldier opened fire on French soldiers, killing four and wounding about 15 others. The killings in the Taghab valley of Afghanistan's eastern Kapisa pr
Published 21 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 Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
Circular debt swells to Rs 600 billion

Circular debt swells to Rs 600 billion

The country's inter circular debt has swelled to about Rs 600 billion due to the failure of the government to implement critical power sector reforms despite agreement with the international financial institutions, it is learnt. Rs 280 billion of Discos d
Published 21 Jan, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 20, 2012).
Published 21 Jan, 2012 12:00am
Circular debt swells to Rs 600 billion

Circular debt swells to Rs 600 billion

The country's inter circular debt has swelled to about Rs 600 billion due to the failure of the government to implement critical power sector reforms despite agreement with the international financial institutions, it is learnt. Rs 280 billion of Discos d
Published 21 Jan, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
Circular debt swells to Rs 600 billion

Circular debt swells to Rs 600 billion

The country''s inter circular debt has swelled to about Rs 600 billion due to the failure of the government to implement critical power sector reforms despite agreement with the international financial institutions, it is learnt. Rs 280 billion of Discos
Published 21 Jan, 2012 12:00am
Pakistan may get EU waiver on 75 items: Amin

Pakistan may get EU waiver on 75 items: Amin

Federal Minister for Commerce Amin Fahim said on Friday that World Trade Organisation (WTO) meeting would be held on February 1, wherein Pakistan is likely to get European Union wavier for 75 items, as promised after the floods in 2010. Addressing a press
Published 21 Jan, 2012 12:00am
Pakistan may get EU waiver on 75 items: Amin

Pakistan may get EU waiver on 75 items: Amin

Federal Minister for Commerce Amin Fahim said on Friday that World Trade Organisation (WTO) meeting would be held on February 1, wherein Pakistan is likely to get European Union wavier for 75 items, as promised after the floods in 2010. Addressing a press
Published 21 Jan, 2012 12:00am
Pakistan may get EU waiver on 75 items: Amin

Pakistan may get EU waiver on 75 items: Amin

Federal Minister for Commerce Amin Fahim said on Friday that World Trade Organisation (WTO) meeting would be held on February 1, wherein Pakistan is likely to get European Union wavier for 75 items, as promised after the floods in 2010. Addressing a press
Published 21 Jan, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
Index gains 259.09 points

Index gains 259.09 points

The Karachi share market on Friday witnessed a bullish trend with record high trades ahead of a meeting at the KSE of Federal Finance Minister and SECP chairman with members on Saturday to apprise them on capital gains tax issues, analysts said.
Published 21 Jan, 2012 12:00am
Index gains 259.09 points

Index gains 259.09 points

The Karachi share market on Friday witnessed a bullish trend with record high trades ahead of a meeting at the KSE of Federal Finance Minister and SECP chairman with members on Saturday to apprise them on capital gains tax issues, analysts said.
Published 21 Jan, 2012 12:00am
Index gains 259.09 points

Index gains 259.09 points

The Karachi share market on Friday witnessed a bullish trend with record high trades ahead of a meeting at the KSE of Federal Finance Minister and SECP chairman with members on Saturday to apprise them on capital gains tax issues, analysts said.
Published 21 Jan, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
BRIndex30 up 224.05 points

BRIndex30 up 224.05 points

On Friday, BRIndex30 opened at 8,623.85 points and remained positive throughout the trading session. It touched an intraday high of 8,958.68 points and an intraday low of 8,627.68 points and closed at 8,847.90 points, which was 224.05 points or 2.6 percen
Published 21 Jan, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
BRIndex30 up 224.05 points

BRIndex30 up 224.05 points

On Friday, BRIndex30 opened at 8,623.85 points and remained positive throughout the trading session. It touched an intraday high of 8,958.68 points and an intraday low of 8,627.68 points and closed at 8,847.90 points, which was 224.05 points or 2.6 percen
Published 21 Jan, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
NBP, OGDCL refuse to be part of IP pipeline project

NBP, OGDCL refuse to be part of IP pipeline project

The National Bank of Pakistan (NBP) and Oil and Gas Development Company Limited (OGDCL) have refused to become a part of Iran-Pakistan Gas Pipeline Project due to looming fear that United Nations (UN) may impose economic sanctions on Iran. "At this point
Published 21 Jan, 2012 12:00am
NBP, OGDCL refuse to be part of IP pipeline project

NBP, OGDCL refuse to be part of IP pipeline project

The National Bank of Pakistan (NBP) and Oil and Gas Development Company Limited (OGDCL) have refused to become a part of Iran-Pakistan Gas Pipeline Project due to looming fear that United Nations (UN) may impose economic sanctions on Iran. "At this point
Published 21 Jan, 2012 12:00am
NBP, OGDCL refuse to be part of IP pipeline project

NBP, OGDCL refuse to be part of IP pipeline project

The National Bank of Pakistan (NBP) and Oil and Gas Development Company Limited (OGDCL) have refused to become a part of Iran-Pakistan Gas Pipeline Project due to looming fear that United Nations (UN) may impose economic sanctions on Iran. "At this point
Published 21 Jan, 2012 12:00am
Rs 6.1 billion arranged for railways from banks

Rs 6.1 billion arranged for railways from banks

Minister for Railways Haji Ghulam Ahmad Bilour Friday informed the Senate that Finance Ministry arranged Rs 6.1 billion from banks to ameliorate financial condition of Pakistan Railways. Responding during the question hour, the Minister said that Pakistan
Published 21 Jan, 2012 12:00am
Rs 6.1 billion arranged for railways from banks

Rs 6.1 billion arranged for railways from banks

Minister for Railways Haji Ghulam Ahmad Bilour Friday informed the Senate that Finance Ministry arranged Rs 6.1 billion from banks to ameliorate financial condition of Pakistan Railways. Responding during the question hour, the Minister said that Pakistan
Published 21 Jan, 2012 12:00am
Rs 6.1 billion arranged for railways from banks

Rs 6.1 billion arranged for railways from banks

Minister for Railways Haji Ghulam Ahmad Bilour Friday informed the Senate that Finance Ministry arranged Rs 6.1 billion from banks to ameliorate financial condition of Pakistan Railways. Responding during the question hour, the Minister said that Pakistan
Published 21 Jan, 2012 12:00am
SBP's clarification

SBP's clarification

The State Bank of Pakistan (SBP) has categorically denied reports appearing in a section of the press (not Business Recorder) on Friday which stated that it (SBP) opposed the debt swap deal with commercial banks. The State Bank Spokesman said the issue of
Published 21 Jan, 2012 12:00am
SBP's clarification

SBP's clarification

The State Bank of Pakistan (SBP) has categorically denied reports appearing in a section of the press (not Business Recorder) on Friday which stated that it (SBP) opposed the debt swap deal with commercial banks. The State Bank Spokesman said the issue of
Published 21 Jan, 2012 12:00am
SBP''s clarification

SBP''s clarification

The State Bank of Pakistan (SBP) has categorically denied reports appearing in a section of the press (not Business Recorder) on Friday which stated that it (SBP) opposed the debt swap deal with commercial banks. The State Bank Spokesman said the issue of
Published 21 Jan, 2012 12:00am
Prime Minister says gas crisis to be resolved within six months

Prime Minister says gas crisis to be resolved within six months

Prime Minister Syed Yousuf Raza Gilani has said that the gas crisis would be resolved within six months, adding that the issue of circular debt and power shortage would also be resolved soon. Talking to media after the 9th convocation of Lahore College of
Published 21 Jan, 2012 12:00am
Prime Minister says gas crisis to be resolved within six months

Prime Minister says gas crisis to be resolved within six months

Prime Minister Syed Yousuf Raza Gilani has said that the gas crisis would be resolved within six months, adding that the issue of circular debt and power shortage would also be resolved soon. Talking to media after the 9th convocation of Lahore College of
Published 21 Jan, 2012 12:00am
Prime Minister says gas crisis to be resolved within six months

Prime Minister says gas crisis to be resolved within six months

Prime Minister Syed Yousuf Raza Gilani has said that the gas crisis would be resolved within six months, adding that the issue of circular debt and power shortage would also be resolved soon. Talking to media after the 9th convocation of Lahore College of
Published 21 Jan, 2012 12:00am
Gas for Punjab units to be restored from January 23

Gas for Punjab units to be restored from January 23

Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain on Friday said the supply of gas for Punjab-based industrial units would be restored from January 23 (Monday). Talking to reporters after holding a meeting with All Pakistan Textile Mil
Published 21 Jan, 2012 12:00am
Gas for Punjab units to be restored from January 23

Gas for Punjab units to be restored from January 23

Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain on Friday said the supply of gas for Punjab-based industrial units would be restored from January 23 (Monday). Talking to reporters after holding a meeting with All Pakistan Textile Mil
Published 21 Jan, 2012 12:00am
Gas for Punjab units to be restored from January 23

Gas for Punjab units to be restored from January 23

Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain on Friday said the supply of gas for Punjab-based industrial units would be restored from January 23 (Monday). Talking to reporters after holding a meeting with All Pakistan Textile Mil
Published 21 Jan, 2012 12:00am
Iran calls for Israel to be 'punished'

Iran calls for Israel to be 'punished'

An ally of Iran's supreme leader called on Friday for Israel to be "punished" for killing a nuclear scientist and the top US general urged his Israeli ally to co-ordinate with Washington as crisis builds in the Middle East. Alarmed Arab neighbours in the
Published 21 Jan, 2012 12:00am
Iran calls for Israel to be 'punished'

Iran calls for Israel to be 'punished'

An ally of Iran's supreme leader called on Friday for Israel to be "punished" for killing a nuclear scientist and the top US general urged his Israeli ally to co-ordinate with Washington as crisis builds in the Middle East. Alarmed Arab neighbours in the
Published 21 Jan, 2012 12:00am
Russia diplomats depart Canada over spy case

Russia diplomats depart Canada over spy case

Canada has expelled four Russian diplomats following the arrest last weekend of a Canadian soldier charged with leaking secrets to a foreign entity, a newspaper reported Friday. Canada's Globe and Mail said the four diplomats had been removed from the lis
Published 21 Jan, 2012 12:00am
Intel names COO, a possible CEO successor

Intel names COO, a possible CEO successor

Intel Corp will promote 20-year company veteran and manufacturing expert Brian Krzanich to the post of chief operating officer, making him a frontrunner to one day replace Paul Otellini as chief executive. The promotion, effective within the next 30 days,
Published 21 Jan, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Jan, 2012 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities registered gains across the board amid ascending transaction volume following fresh buying in blue chips. The LSE-25 index was increased by 73.45 points and was ended
Published 21 Jan, 2012 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities registered gains across the board amid ascending transaction volume following fresh buying in blue chips. The LSE-25 index was increased by 73.45 points and was ended
Published 21 Jan, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jan, 2012 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 70.19 points, as the Index moved from 2,555.20 to 2,625.
Published 21 Jan, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jan, 2012 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 70.19 points, as the Index moved from 2,555.20 to 2,625.
Published 21 Jan, 2012 12:00am
Megaupload founder held in New Zealand, home raided

Megaupload founder held in New Zealand, home raided

New Zealand police seized a treasure trove of luxury goods from the founder of file-sharing site Megaupload.com Friday as four suspected Internet pirates wanted in the United States appeared in court. Armed officers swooped on an Auckland mansion occupied
Published 21 Jan, 2012 12:00am
Megaupload founder held in New Zealand, home raided

Megaupload founder held in New Zealand, home raided

New Zealand police seized a treasure trove of luxury goods from the founder of file-sharing site Megaupload.com Friday as four suspected Internet pirates wanted in the United States appeared in court. Armed officers swooped on an Auckland mansion occupied
Published 21 Jan, 2012 12:00am
Megaupload founder held in New Zealand, home raided

Megaupload founder held in New Zealand, home raided

New Zealand police seized a treasure trove of luxury goods from the founder of file-sharing site Megaupload.com Friday as four suspected Internet pirates wanted in the United States appeared in court. Armed officers swooped on an Auckland mansion occupied
Published 21 Jan, 2012 12:00am
100-member businesspeople team leaves for India today

100-member businesspeople team leaves for India today

A 100-member delegation of Federation of Pakistan Chambers of Commerce and Industry (Pakistan chapter of SAARC CCI ) is leaving for New Delhi today (Saturday) to participate in SAARC Business Summit, Building Bridges in South Asia through economic co-oper
Published 21 Jan, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
100-member businesspeople team leaves for India today

100-member businesspeople team leaves for India today

A 100-member delegation of Federation of Pakistan Chambers of Commerce and Industry (Pakistan chapter of SAARC CCI ) is leaving for New Delhi today (Saturday) to participate in SAARC Business Summit, Building Bridges in South Asia through economic co-oper
Published 21 Jan, 2012 12:00am
100-member businesspeople team leaves for India today

100-member businesspeople team leaves for India today

A 100-member delegation of Federation of Pakistan Chambers of Commerce and Industry (Pakistan chapter of SAARC CCI ) is leaving for New Delhi today (Saturday) to participate in SAARC Business Summit, Building Bridges in South Asia through economic co-oper
Published 21 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
Two criteria for selection of Margin Eligible Securities relaxed

Two criteria for selection of Margin Eligible Securities relaxed

In terms of the definition of Margin Eligible (ME) Securities prescribed under the Regulations Governing Risk Management of the Exchange, the Karachi Stock Exchange with approval of the Securities and Exchange Commission of Pakistan, relaxed the two crite
Published 21 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
Two criteria for selection of Margin Eligible Securities relaxed

Two criteria for selection of Margin Eligible Securities relaxed

In terms of the definition of Margin Eligible (ME) Securities prescribed under the Regulations Governing Risk Management of the Exchange, the Karachi Stock Exchange with approval of the Securities and Exchange Commission of Pakistan, relaxed the two crite
Published 21 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
Two criteria for selection of Margin Eligible Securities relaxed

Two criteria for selection of Margin Eligible Securities relaxed

In terms of the definition of Margin Eligible (ME) Securities prescribed under the Regulations Governing Risk Management of the Exchange, the Karachi Stock Exchange with approval of the Securities and Exchange Commission of Pakistan, relaxed the two crite
Published 21 Jan, 2012 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Rates moved both ways on the currency market on Friday in process of trading, dealers said. The rupee could not retain its overnight firmness in relation to dollar, losing 11 paisa for buying at 90.12 and shedding 12 paisa for selling at 90.15, they said.
Published 21 Jan, 2012 12:00am
US has new confidence in peace talks with Taliban

US has new confidence in peace talks with Taliban

The Obama administration expressed new confidence that talks with the Taliban next week offer the best chance yet to end the 10-year-old war in Afghanistan, despite warnings from the intelligence community that the Taliban is more interested in continuing
Published 21 Jan, 2012 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Rates moved both ways on the currency market on Friday in process of trading, dealers said. The rupee could not retain its overnight firmness in relation to dollar, losing 11 paisa for buying at 90.12 and shedding 12 paisa for selling at 90.15, they said.
Published 21 Jan, 2012 12:00am
US has new confidence in peace talks with Taliban

US has new confidence in peace talks with Taliban

The Obama administration expressed new confidence that talks with the Taliban next week offer the best chance yet to end the 10-year-old war in Afghanistan, despite warnings from the intelligence community that the Taliban is more interested in continuing
Published 21 Jan, 2012 12:00am
Third of Airbus A380s face checks

Third of Airbus A380s face checks

European safety authorities are set to order airlines to carry out checks on almost a third of the current Airbus A380 fleet after the discovery of wing cracks on the world's largest jetliner, aviation sources said on Friday. The one-off inspections are e
Published 21 Jan, 2012 12:00am
Third of Airbus A380s face checks

Third of Airbus A380s face checks

European safety authorities are set to order airlines to carry out checks on almost a third of the current Airbus A380 fleet after the discovery of wing cracks on the world's largest jetliner, aviation sources said on Friday. The one-off inspections are e
Published 21 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
Third of Airbus A380s face checks

Third of Airbus A380s face checks

European safety authorities are set to order airlines to carry out checks on almost a third of the current Airbus A380 fleet after the discovery of wing cracks on the world''s largest jetliner, aviation sources said on Friday. The one-off inspections are
Published 21 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
FBR chief Salman relinquishes charge

FBR chief Salman relinquishes charge

Chairman Federal Board of Revenue (FBR) Salman Siddique attended his last meeting of the Economic Co-ordination Committee (ECC) of the Cabinet on Friday and left for Lahore after relinquishing his charge as head of the FBR. Talking to Business Recorder
Published 21 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 Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
FBR chief Salman relinquishes charge

FBR chief Salman relinquishes charge

Chairman Federal Board of Revenue (FBR) Salman Siddique attended his last meeting of the Economic Co-ordination Committee (ECC) of the Cabinet on Friday and left for Lahore after relinquishing his charge as head of the FBR. Talking to Business Recorder
Published 21 Jan, 2012 12:00am
FBR chief Salman relinquishes charge

FBR chief Salman relinquishes charge

Chairman Federal Board of Revenue (FBR) Salman Siddique attended his last meeting of the Economic Co-ordination Committee (ECC) of the Cabinet on Friday and left for Lahore after relinquishing his charge as head of the FBR. Talking to Business Recorder
Published 21 Jan, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
PAEC plans to set up nuclear power plants in Sindh: SA told

PAEC plans to set up nuclear power plants in Sindh: SA told

Pakistan Atomic Energy Commission (PAEC) has planned to set up new nuclear power plants in Sindh - one having a capacity of 1000 MW in Karachi near Kanupp, Sindh Electric Power Minister Shazia Marri told Sindh Assembly on Friday. She said that work on the
Published 21 Jan, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (January 20, 2012) and for Saturday (January 21, 2012).
Published 21 Jan, 2012 12:00am
PAEC plans to set up nuclear power plants in Sindh: SA told

PAEC plans to set up nuclear power plants in Sindh: SA told

Pakistan Atomic Energy Commission (PAEC) has planned to set up new nuclear power plants in Sindh - one having a capacity of 1000 MW in Karachi near Kanupp, Sindh Electric Power Minister Shazia Marri told Sindh Assembly on Friday. She said that work on the
Published 21 Jan, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
PAEC plans to set up nuclear power plants in Sindh: SA told

PAEC plans to set up nuclear power plants in Sindh: SA told

Pakistan Atomic Energy Commission (PAEC) has planned to set up new nuclear power plants in Sindh - one having a capacity of 1000 MW in Karachi near Kanupp, Sindh Electric Power Minister Shazia Marri told Sindh Assembly on Friday. She said that work on the
Published 21 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 21 Jan, 2012 12:00am
SBP launches 'NFLP'

SBP launches 'NFLP'

The State Bank of Pakistan (SBP) on Friday launched Pakistan's first-ever Nationwide Financial Literacy Programme (NFLP) in order to assist financial inclusion and poverty alleviation efforts to facilitate economic growth and stability across the country.
Published 21 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 21 Jan, 2012 12:00am
SBP launches 'NFLP'

SBP launches 'NFLP'

The State Bank of Pakistan (SBP) on Friday launched Pakistan's first-ever Nationwide Financial Literacy Programme (NFLP) in order to assist financial inclusion and poverty alleviation efforts to facilitate economic growth and stability across the country.
Published 21 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 20, 2012).

Published 21 Jan, 2012 12:00am
SBP launches ''NFLP''

SBP launches ''NFLP''

The State Bank of Pakistan (SBP) on Friday launched Pakistan''s first-ever Nationwide Financial Literacy Programme (NFLP) in order to assist financial inclusion and poverty alleviation efforts to facilitate economic growth and stability across the country
Published 21 Jan, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on January 17, 2012.

Published 21 Jan, 2012 12:00am
India, Iran to settle some oil trade in rupees

India, Iran to settle some oil trade in rupees

India and Iran have agreed to settle some of their $12 billion annual oil trade in rupees, a government source said on Friday, resorting to the restricted currency after more than a year of payment problems in the face of fresh, tougher US sanctions.
Published 21 Jan, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on January 17, 2012.

Published 21 Jan, 2012 12:00am
India, Iran to settle some oil trade in rupees

India, Iran to settle some oil trade in rupees

India and Iran have agreed to settle some of their $12 billion annual oil trade in rupees, a government source said on Friday, resorting to the restricted currency after more than a year of payment problems in the face of fresh, tougher US sanctions.
Published 21 Jan, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on January 17, 2012.

Published 21 Jan, 2012 12:00am
India, Iran to settle some oil trade in rupees

India, Iran to settle some oil trade in rupees

India and Iran have agreed to settle some of their $12 billion annual oil trade in rupees, a government source said on Friday, resorting to the restricted currency after more than a year of payment problems in the face of fresh, tougher US sanctions.
Published 21 Jan, 2012 12:00am
The Weather

The Weather

The weather forecast is not being published as the Met Office did not update its Website on Friday.

Published 21 Jan, 2012 12:00am
CIA strike hits al Qaeda planner

CIA strike hits al Qaeda planner

A US official says a CIA drone strike in early January killed a key al Qaeda operative who was planning attacks on the West. The official said Thursday the strike on January 10 hit Aslam Awan, who was described as an ``external operations planner' inside
Published 21 Jan, 2012 12:00am
CIA strike hits al Qaeda planner

CIA strike hits al Qaeda planner

A US official says a CIA drone strike in early January killed a key al Qaeda operative who was planning attacks on the West. The official said Thursday the strike on January 10 hit Aslam Awan, who was described as an ``external operations planner'' inside
Published 21 Jan, 2012 12:00am
Afghanistan: Nato troops' further stay appears meaningless: experts

Afghanistan: Nato troops' further stay appears meaningless: experts

Afghan affairs experts at a seminar on Afghanistan future have viewed that the Nato-led alliance troops seem meaningless to further stay in Afghanistan after the accomplishment of a decade-long mission with death of al Qaeda leader Osama Bin Laden last ye
Published 21 Jan, 2012 12:00am
Rs 140 million desalination plant at Manora commissioned

Rs 140 million desalination plant at Manora commissioned

Federal Minister for Ports and Shipping, Senator Babar Khan Ghauri on Friday inaugurated a desalination plant at Manora Island; completed at the cost of Rs 140 million. A large number of residents of Manora, Baba and Bhit islands and of the adjoining area
Published 21 Jan, 2012 12:00am
FDA to complete 14 development schemes in fiscal year 2012

FDA to complete 14 development schemes in fiscal year 2012

FATA Development Authority (FDA) will complete 14 schemes in different sectors including small dams, minerals, industries and skill development in current financial year. The government in the annual development programme (ADP) for financial year 2011-12
Published 21 Jan, 2012 12:00am
Women leaders' summit on January 25

Women leaders' summit on January 25

Arrangements have been finalised for holding an 'International Women Leaders Summit' in Karachi on January 25 as part of Women in Business Conference (WIBCON) Series for professional women. The moot is being organised by Pakistan Society for Training and
Published 21 Jan, 2012 12:00am
Free PN medical camp set up in Gwadar

Free PN medical camp set up in Gwadar

Pakistan Navy has set up a free medical camp in Gwadar. An ISPR (Navy) press release issued here on Friday said that in pursuance of its perpetual efforts to contribute towards welfare and provision of relief to Balochistan in line with the government pol
Published 21 Jan, 2012 12:00am
Man kills brother, nephew over property dispute

Man kills brother, nephew over property dispute

A man killed his brother and nephew over a property dispute in Jhal Chakian police limits on Friday. Muhammad Ramazan, a resident of village Roaranwali, who was released some 15 days ago from jail, had a property dispute with his brother Muhammad Khan. On
Published 21 Jan, 2012 12:00am