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Archive - 2012-02-23
Iraq parliament approves 2012 budget
Top News

Iraq parliament approves 2012 budget

BAGHDAD: The Iraqi parliament on Thursday approved a 100 billion-dollar (117 trillion-dinar) budget for 2012, a parliame
Published 23 Feb, 2012 10:41pm
Brent crude hits record high in euros
Top News

Brent crude hits record high in euros

NEW YORK: Brent crude rose to a fresh nine-month high and hit a record in euro terms on Thursday, creating a new headach
Published 23 Feb, 2012 05:27pm
ISE-10 sheds 41 points
Markets

ISE-10 sheds 41 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Thursday witnessed a bearish trend as the index went down by 41.71
Published 23 Feb, 2012 04:57pm
Greek parliament examines bailout bills
Top News

Greek parliament examines bailout bills

ATHENS: The Greek parliament was heading to approve on Thursday a draft law urgently needed for a historic debt write-do
Published 23 Feb, 2012 04:15pm
Iran to import 1mn MT of wheat: Qamar
Top News

Iran to import 1mn MT of wheat: Qamar

KARACHI: Iran will import one million tons of wheat under barter trade system from Pakistan and, in exchange, export fer
Published 23 Feb, 2012 02:12pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI : After witnessing bullish trend during last many sessions, the investors on Thursday opted for profit taking on
Published 23 Feb, 2012 12:56pm
Pakistan vs England tour summary
Cricket

Pakistan vs England tour summary

KARACHI: Pakistan's series against England has brought extraordinary results. If Pakistan clinch an historic win in Test
Published 23 Feb, 2012 12:21pm
Forex reserves fall to $16.64 billion
Top News

Forex reserves fall to $16.64 billion

KARACHI: Foreign exchange reserves fell to $16.64 billion in the week ending February 17, compared with $16.77 billion t
Published 23 Feb, 2012 11:27am
Greek parliament takes up bailout bills
Top News

Greek parliament takes up bailout bills

ATHENS: The Greek parliament focused on Thursday on approving laws for a historic debt write down with private creditors
Published 23 Feb, 2012 11:00am
Iran to buy Pakistani wheat
Top News

Iran to buy Pakistani wheat

KARACHI : Iran will buy a large quantity of wheat from Pakistan for re-export to Central Asian countries after value a
Published 23 Feb, 2012 09:05am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Thursday at 12:30 P.M., KSE-100 Index was at 12,565.20 with a negative change of -38.47 and volume of 58,54
Published 23 Feb, 2012 07:29am
MTS financing finally growing
Markets

MTS financing finally growing

ISLAMABAD : The Finance Minister's acceptance of SECP tax reform proposal has generated a small rally of 5% in local bou
Published 23 Feb, 2012 07:28am
Car bomb kills 15 at Kohat bus stop
Top News

Car bomb kills 15 at Kohat bus stop

  PESHAWAR: A car bomb ripped through a Kohat bus station on Thursday, killing 10 people and wounding another 30 on the
Published 23 Feb, 2012 06:58am
At least 32 killed in Iraq attacks
Top News

At least 32 killed in Iraq attacks

BAGHDAD: A wave of bombings and shootings across Iraq killed at least 32 people on Thursday, security officials said. T
Published 23 Feb, 2012 06:57am
UBL at a fast clip
BR Research

UBL at a fast clip

Corporate results are pouring in. Largely in line with market expectations, United Bank Ltd (UBL), the countrys third largest commercial ban
Published 23 Feb, 2012 12:00am
Indus enjoying better margins
BR Research

Indus enjoying better margins

FY12 commenced on a good note for local car manufacturers, as from the very start a strong demand for cars is being seen, primarily due to t
Published 23 Feb, 2012 12:00am
Bank of England votes 7-2 to pump out extra $79 billion

Bank of England votes 7-2 to pump out extra $79 billion

Bank of England policymakers voted 7-2 earlier this month to inject Britain's faltering economy with an extra £50 billion (60 billion euros, $79 billion), minutes of their meeting showed on Wednesday. The two who voted against had wanted extra stimulus to
Published 23 Feb, 2012 12:00am
Nigeria renews ExxonMobil oil licences for 20 years

Nigeria renews ExxonMobil oil licences for 20 years

Nigeria has renewed oil licences which will let US energy giant ExxonMobil operate three big fields that produce about 500,000 barrels of crude a day for 20 years, the government said on Wednesday. A statement released by Oil Minister Diezane Alison-Madue
Published 23 Feb, 2012 12:00am
Malaysia tycoon plans $2 billion power assets sale

Malaysia tycoon plans $2 billion power assets sale

Ananda Krishnan, ranked by Forbes as Malaysia's second-richest man, has put his entire power portfolio up for sale in a deal that could fetch more than $2 billion, three sources familiar with the matter told Reuters on Wednesday.
Published 23 Feb, 2012 12:00am
Pak Brunei Investment Company Limited

Pak Brunei Investment Company Limited

OBJECTIVES: Pak Brunei Investment Company is a joint venture between the Government of Pakistan and Brunei Investment Agency, the sovereign wealth fund of the Sultanate of Brunei Darussalam. The Company commenced operations in September 2007 and has estab
Published 23 Feb, 2012 12:00am
Economy of Brunei

Economy of Brunei

Brunei is a country with a small, wealthy economy that is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition. It is almost totally supported by exports of crude oil and natural gas, with r
Published 23 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day.

Published 23 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day.

Published 23 Feb, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Wednesday (February 22, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cove
Published 23 Feb, 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 23 Feb, 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 (February 22, 2012).

Published 23 Feb, 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 (February 22, 2012).

Published 23 Feb, 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 (February 22, 2012).

Published 23 Feb, 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 (February 22, 2012).

Published 23 Feb, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 22, 2012).
Published 23 Feb, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
Star witness testifies

Star witness testifies

The star witness in Memogate case, Pakistani-American businessman Mansoor Ijaz, on Wednesday finally recorded his testimony via a video link from Pakistani High Commission in the UK. The hearing will resume today (Thursday). Ijaz read out the same stateme
Published 23 Feb, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
Star witness testifies

Star witness testifies

The star witness in Memogate case, Pakistani-American businessman Mansoor Ijaz, on Wednesday finally recorded his testimony via a video link from Pakistani High Commission in the UK. The hearing will resume today (Thursday). Ijaz read out the same stateme
Published 23 Feb, 2012 12:00am
GDP growth for fiscal year 2011-12 projected at 3.6 percent

GDP growth for fiscal year 2011-12 projected at 3.6 percent

Advisor on Finance Dr Abdul Hafeez Shiekh informed the Prime Minister Yousaf Raza Gilani that projected GDP growth for the current fiscal year is 3.6 percent. The Prime Minister reportedly gave guidelines for the preparation of the next fiscal year budget
Published 23 Feb, 2012 12:00am
GDP growth for fiscal year 2011-12 projected at 3.6 percent

GDP growth for fiscal year 2011-12 projected at 3.6 percent

Advisor on Finance Dr Abdul Hafeez Shiekh informed the Prime Minister Yousaf Raza Gilani that projected GDP growth for the current fiscal year is 3.6 percent. The Prime Minister reportedly gave guidelines for the preparation of the next fiscal year budget
Published 23 Feb, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Feb, 2012 12:00am
GDP growth for fiscal year 2011-12 projected at 3.6 percent

GDP growth for fiscal year 2011-12 projected at 3.6 percent

Advisor on Finance Dr Abdul Hafeez Shiekh informed the Prime Minister Yousaf Raza Gilani that projected GDP growth for the current fiscal year is 3.6 percent. The Prime Minister reportedly gave guidelines for the preparation of the next fiscal year budget
Published 23 Feb, 2012 12:00am
JP Morgan, Citi, BofA sued for $949 million by Sealink

JP Morgan, Citi, BofA sued for $949 million by Sealink

J.P. Morgan Chase & Co, Citigroup Inc, Bank of America Corp and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities. A summons was filed Tuesday by Sealink Funding Ltd, an I
Published 23 Feb, 2012 12:00am
JP Morgan, Citi, BofA sued for $949 million by Sealink

JP Morgan, Citi, BofA sued for $949 million by Sealink

J.P. Morgan Chase & Co, Citigroup Inc, Bank of America Corp and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities. A summons was filed Tuesday by Sealink Funding Ltd, an I
Published 23 Feb, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 23 Feb, 2012 12:00am
JP Morgan, Citi, BofA sued for $949 million by Sealink

JP Morgan, Citi, BofA sued for $949 million by Sealink

J.P. Morgan Chase & Co, Citigroup Inc, Bank of America Corp and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities. A summons was filed Tuesday by Sealink Funding Ltd, an I
Published 23 Feb, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Feb, 2012 12:00am
AGP records statement against 'contemner'

AGP records statement against 'contemner'

The Supreme Court on Wednesday recorded statement of Attorney General for Pakistan (AGP) Maulvi Anwarul Haq. The AGP is acting as a prosecutor in the contempt case against Prime Minister Yousaf Raza Gilani. The AGP's statement was made part of the court r
Published 23 Feb, 2012 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 23 Feb, 2012 12:00am
AGP records statement against 'contemner'

AGP records statement against 'contemner'

The Supreme Court on Wednesday recorded statement of Attorney General for Pakistan (AGP) Maulvi Anwarul Haq. The AGP is acting as a prosecutor in the contempt case against Prime Minister Yousaf Raza Gilani. The AGP's statement was made part of the court r
Published 23 Feb, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Feb, 2012 12:00am
Hina vows to support not lead Afghan peace drive

Hina vows to support not lead Afghan peace drive

Pakistan will give its full support to any clear effort by the Afghan government to achieve a political settlement with the Taliban but does not want to lead a peace process that would impose a solution, its foreign minister said on Wednesday. Hina Rabban
Published 23 Feb, 2012 12:00am
Hina vows to support not lead Afghan peace drive

Hina vows to support not lead Afghan peace drive

Pakistan will give its full support to any clear effort by the Afghan government to achieve a political settlement with the Taliban but does not want to lead a peace process that would impose a solution, its foreign minister said on Wednesday. Hina Rabban
Published 23 Feb, 2012 12:00am
Iran defiant as UN nuclear talks fail

Iran defiant as UN nuclear talks fail

The UN nuclear watchdog ended its latest mission to Iran after talks on Tehran's suspected secret atomic weapons research failed, a setback likely to increase the risk of confrontation with the West. The United States criticised Iran on Wednesday over the
Published 23 Feb, 2012 12:00am
Iran defiant as UN nuclear talks fail

Iran defiant as UN nuclear talks fail

The UN nuclear watchdog ended its latest mission to Iran after talks on Tehran's suspected secret atomic weapons research failed, a setback likely to increase the risk of confrontation with the West. The United States criticised Iran on Wednesday over the
Published 23 Feb, 2012 12:00am
Centre, provinces to go after power defaulters

Centre, provinces to go after power defaulters

The federal and provincial governments have decided to go for the power defaulters in the face of growing menace of circular debt and directed Pakistan Electric Power Company (EPCO) to disconnect their electricity supply, it was reliably learnt.
Published 23 Feb, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
Centre, provinces to go after power defaulters

Centre, provinces to go after power defaulters

The federal and provincial governments have decided to go for the power defaulters in the face of growing menace of circular debt and directed Pakistan Electric Power Company (EPCO) to disconnect their electricity supply, it was reliably learnt.
Published 23 Feb, 2012 12:00am
Centre, provinces to go after power defaulters

Centre, provinces to go after power defaulters

The federal and provincial governments have decided to go for the power defaulters in the face of growing menace of circular debt and directed Pakistan Electric Power Company (EPCO) to disconnect their electricity supply, it was reliably learnt.
Published 23 Feb, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
Index up 59.22 points

Index up 59.22 points

A bullish trend continued at the Karachi share market on Wednesday and the KSE-100 index increased by 59.22 points to close at 12,603.67 points. The market opened on a strong positive note and the index hit 12,664.15 points intra-day high level. Profit ta
Published 23 Feb, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
Index up 59.22 points

Index up 59.22 points

A bullish trend continued at the Karachi share market on Wednesday and the KSE-100 index increased by 59.22 points to close at 12,603.67 points. The market opened on a strong positive note and the index hit 12,664.15 points intra-day high level. Profit ta
Published 23 Feb, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
Index up 59.22 points

Index up 59.22 points

A bullish trend continued at the Karachi share market on Wednesday and the KSE-100 index increased by 59.22 points to close at 12,603.67 points. The market opened on a strong positive note and the index hit 12,664.15 points intra-day high level. Profit ta
Published 23 Feb, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee recovered modestly against the dollar and euro on the currency market on Wednesday in process of trading, dealers said. The rupee appreciated by 10 paisa in relation to the US currency for buying at 90.80 and it also picked up seven paisa for se
Published 23 Feb, 2012 12:00am
BRIndex30 dips 53.66 points

BRIndex30 dips 53.66 points

On Wed-nesday, BRIndex30 opened at 9,627.57. It touched an intraday high of 9,720.87 and an intraday low of 9,556.97 and closed at 9,573.91 which was -53.66 points or -0.56 percent lower than previous close. Total volume was 175,004,100, which was 64.25 p
Published 23 Feb, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee recovered modestly against the dollar and euro on the currency market on Wednesday in process of trading, dealers said. The rupee appreciated by 10 paisa in relation to the US currency for buying at 90.80 and it also picked up seven paisa for se
Published 23 Feb, 2012 12:00am
BRIndex30 dips 53.66 points

BRIndex30 dips 53.66 points

On Wed-nesday, BRIndex30 opened at 9,627.57. It touched an intraday high of 9,720.87 and an intraday low of 9,556.97 and closed at 9,573.91 which was -53.66 points or -0.56 percent lower than previous close. Total volume was 175,004,100, which was 64.25 p
Published 23 Feb, 2012 12:00am
Poor, common man: 'Aashiyana Housing Scheme offering modern facilities'

Poor, common man: 'Aashiyana Housing Scheme offering modern facilities'

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that Aashiyana Housing Scheme offers modern facilities for the poor and common man and is an important step towards transforming Pakistan into an Islamic welfare state in accordance with the visions
Published 23 Feb, 2012 12:00am
G20 plots course on reining in 'shadow banks'

G20 plots course on reining in 'shadow banks'

Policymakers from the world's top economies meet this weekend in Mexico City to begin finding common ground to tackle the world's economic challenges, which include reining in a $60 trillion financial sector on the fringe of mainstream banking.
Published 23 Feb, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
LSE-25 index loses 30.07 points

LSE-25 index loses 30.07 points

Bearish sentiments prevailed on the Lahore Stock Exchange and the equities registered declines amid selling pressure due to profit taking. The LSE-25 index lost 30.07 points and was closed at 3309.64 against 3339.71 of Tuesday, while transaction volume wa
Published 23 Feb, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
LSE-25 index loses 30.07 points

LSE-25 index loses 30.07 points

Bearish sentiments prevailed on the Lahore Stock Exchange and the equities registered declines amid selling pressure due to profit taking. The LSE-25 index lost 30.07 points and was closed at 3309.64 against 3339.71 of Tuesday, while transaction volume wa
Published 23 Feb, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
ISE gains 21.64 points

ISE gains 21.64 points

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 improvement of 21.64 points as the ISE Ten Index moved from 2,771.94
Published 23 Feb, 2012 12:00am
ISE gains 21.64 points

ISE gains 21.64 points

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 improvement of 21.64 points as the ISE Ten Index moved from 2,771.94
Published 23 Feb, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
Voter lists: ECP unlikely to meet Supreme Court deadline

Voter lists: ECP unlikely to meet Supreme Court deadline

Election Commission of Pakistan (ECP) is sticking to its earlier date of May for finalisation of the voter lists, with the deadline given by the Supreme Court expiring this Saturday, it was learnt. Sources within the ECP on Wednesday told Business Reco
Published 23 Feb, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
Voter lists: ECP unlikely to meet Supreme Court deadline

Voter lists: ECP unlikely to meet Supreme Court deadline

Election Commission of Pakistan (ECP) is sticking to its earlier date of May for finalisation of the voter lists, with the deadline given by the Supreme Court expiring this Saturday, it was learnt. Sources within the ECP on Wednesday told Business Reco
Published 23 Feb, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 23 Feb, 2012 12:00am
Petitioner seeks Supreme Court's direction to stay Senate polls

Petitioner seeks Supreme Court's direction to stay Senate polls

A petition seeking a apex court's direction for the government to stay the Senate elections, scheduled to be held on March 2, 2012, till the holding of forthcoming general election of the National and provincial assemblies, was filed with the Supreme Cour
Published 23 Feb, 2012 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 23 Feb, 2012 12:00am
Petitioner seeks Supreme Court's direction to stay Senate polls

Petitioner seeks Supreme Court's direction to stay Senate polls

A petition seeking a apex court's direction for the government to stay the Senate elections, scheduled to be held on March 2, 2012, till the holding of forthcoming general election of the National and provincial assemblies, was filed with the Supreme Cour
Published 23 Feb, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 22, 2012).

Published 23 Feb, 2012 12:00am
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