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Archive - 2012-02-28
Syria death toll well over 7,500: UN
Top News

Syria death toll well over 7,500: UN

UNITED NATIONS: The United Nations said Tuesday that well over 7,500 people have been killed in the brutal Syrian crackd
Published 28 Feb, 2012 04:58pm
US home prices tumble in December: S&P
Top News

US home prices tumble in December: S&P

NEW YORK: US single-family home prices ended 2011 on a downbeat note as a drop in December prices sent the seasonally-ad
Published 28 Feb, 2012 03:53pm
Indonesia considers fuel price hike
Top News

Indonesia considers fuel price hike

JAKARTA: Indonesia said on Tuesday that it is considering raising fuel prices or lowering the current subsidy to private
Published 28 Feb, 2012 02:10pm
Sri Lanka rupee hits record low
Top News

Sri Lanka rupee hits record low

COLOMBO: Sri Lanka's rupee on Tuesday tumbled to a record low against the US dollar on investor worry about the country'
Published 28 Feb, 2012 01:15pm
NPMC notes declining trend in prices
Top News

NPMC notes declining trend in prices

ISLAMABAD: The National Price Monitoring Committee (NPMC) has noted that the prices of wheat flour, rice, gram pulse and
Published 28 Feb, 2012 12:31pm
Euro, shares firm ahead of ECB funding
Top News

Euro, shares firm ahead of ECB funding

LONDON: The euro traded just below 12-week highs, stocks were firmer and safe-haven German bonds edged lower on Tuesday
Published 28 Feb, 2012 11:36am
Indian rupee rises on inflows
Financial

Indian rupee rises on inflows

MUMBAI: The Indian rupee rebounded in afternoon trading on Tuesday, helped by large gains in local stocks, robust capita
Published 28 Feb, 2012 10:02am
Thai floods scratch thousands job
Top News

Thai floods scratch thousands job

BANGKOK: Last year Thailand flood abandoned around 45,000 labours out of work and has put another 164,552 jobs at risk a
Published 28 Feb, 2012 09:32am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Tuesday, until 12:30 P.M., KSE-100 Index remained positive since market opening and was at 12,805.03 with a
Published 28 Feb, 2012 08:07am
PM mulls cabinet reshuffle: Australia
Top News

PM mulls cabinet reshuffle: Australia

SYDNEY: Australian Prime Minister Julia Gillard on Tuesday refused to rule out punishing ministers who failed to back he
Published 28 Feb, 2012 04:49am
Januarys trade mirage
BR Research

Januarys trade mirage

Trade data released by the Federal Bureau of Statistics was not much of a surprise on a year-on-year analogy. However, on a month-on-month b
Published 28 Feb, 2012 12:00am
A glimpse into the E&P sector
BR Research

A glimpse into the E&P sector

During the times of the acute energy crisis, profits from listed E&P sector companies during the first half of FY12 brought smiles to the oi
Published 28 Feb, 2012 12:00am
Dragging on the DRAP
BR Research

Dragging on the DRAP

Moved perhaps by the media blitz over the spate of deaths at the Pakistan Institute of Cardiology (PIC) and other hospitals, or under pressu
Published 28 Feb, 2012 12:00am
Special Note
BR Research

Special Note

The story entitled HBL in clover published on February 27, 2012 quoted the unconsolidated net profit after taxes at Rs20,742 million for CY1
Published 28 Feb, 2012 12:00am
Yen slips in Asia

Yen slips in Asia

The Japanese yen slid to a nine-month low against the dollar on Monday as the break of a key chart level triggered stop-loss selling, while the euro held firm ahead of a fresh injection of liquidity by the European Central Bank. The Japanese currency has
Published 28 Feb, 2012 12:00am
Yuan ends down

Yuan ends down

The yuan ended down slightly against the dollar on Monday after the People's Bank of China set a weaker midpoint, even though the dollar index hit a nearly three-month low, underscoring the central bank's resolve to restrain sharp gains in the yuan.
Published 28 Feb, 2012 12:00am
Weakness in banks pulls FTSE 100 lower

Weakness in banks pulls FTSE 100 lower

Britain's leading share index ended lower on Monday, pressured by weakness in banking issues after international leaders said more money was needed from Europe to help ease the region's debt crisis, and with heavyweight HSBC falling after its results. At
Published 28 Feb, 2012 12:00am
Southeast Asian markets weaken

Southeast Asian markets weaken

Southeast Asian stock markets closed weaker on Monday as rising oil prices raised concerns over global economic growth, weighing on how investors feel about the region's emerging markets. Trading volumes were moderate as cautious investors stayed cautious
Published 28 Feb, 2012 12:00am
Seoul stocks dip below 2,000

Seoul stocks dip below 2,000

South Korea's benchmark KOSPI index fell below 2,000 points on Monday as exporters lagged, squeezed by rising oil prices and expectations of stronger competition from Japan with a weaker yen. Auto and technology issues declined sharply. Hyundai Motor, Sou
Published 28 Feb, 2012 12:00am
European shares hit by global growth worries

European shares hit by global growth worries

European shares fell on Monday, with riskier cyclical stocks like carmakers hit by worries a higher oil price could crimp global growth, while disappointing earnings from HSBC also weighed. A key gauge of Europe's investor 'fear', the Euro STOXX 50 volati
Published 28 Feb, 2012 12:00am
Buffet puts 1.4 billion euros into EU stocks

Buffet puts 1.4 billion euros into EU stocks

US investment tycoon Warren Buffet said Monday that he had put 1.4 billion euros ($1.9 billion) into European stocks at the end of 2011, calling shares in good companies in Europe cheap. In a rare foray outside the US market, the mega-billionaire's Berksh
Published 28 Feb, 2012 12:00am
Hong Kong shares down, Shanghai index gains

Hong Kong shares down, Shanghai index gains

Hong Kong shares reversed course to end lower on Monday, dragged by weakness in financials, tracking how gains were pared on mainland markets ahead of earnings reports from key blue chips. The Shanghai Composite Index, which at one point was up about 1.6
Published 28 Feb, 2012 12:00am
Indian stocks tumble

Indian stocks tumble

India's main stock index closed provisionally 2.82 percent lower on Monday, dragged down by Reliance Industries and top private lender ICICI Bank. The main 30-share BSE index shed 505.36 points to provisionally close at 17,418.21, with 28 of its component
Published 28 Feb, 2012 12:00am
Australian shares fall

Australian shares fall

Australian shares fell 0.9 percent on Monday, dragged down by a softer mining sector and showing little interest in the struggle for leadership of Australia's ruling Labour Party. The benchmark S&P/ASX 200 index fell 39.4 points to 4,267.4. The index rose
Published 28 Feb, 2012 12:00am
Monday's midday trade: Wall Street edges up on housing data

Monday's midday trade: Wall Street edges up on housing data

US stocks edged up on Monday with equities rebounding from early lows as oil prices retreated from worrisome levels and data showed continued improvement in the beaten-down US housing market. The S&P 500 has risen more than 8 percent this year. It has bee
Published 28 Feb, 2012 12:00am
Nikkei eases from seven-month high

Nikkei eases from seven-month high

Japan's Nikkei share average eased from a seven-month high on Monday, ending a three-day rally on profit taking after the index briefly topped 9,700, but remains on track for its best February since 1991. Investors upped their bets on a pullback, with the
Published 28 Feb, 2012 12:00am
Saudi bourse hits fresh 41-month high; most Gulf markets fall

Saudi bourse hits fresh 41-month high; most Gulf markets fall

Saudi Arabia's bourse extended its rally on Monday and trading value hit a new high amid a trend of investment shift to equities, while most regional markets fell in profit-taking. The kingdom's index rose 0.9 percent to its highest close since September
Published 28 Feb, 2012 12:00am
S&P's cuts euro rescue fund outlook to negative

S&P's cuts euro rescue fund outlook to negative

Standard and Poor's on Monday cut its rating outlook on the EFSF, the eurozone bailout fund, to 'negative', meaning it could be downgraded outright in the future as the eeurozone debt crisis develops "We have concluded that credit enhancements sufficient
Published 28 Feb, 2012 12:00am
China to abandon foreign car brands for government fleet

China to abandon foreign car brands for government fleet

China intends to bypass foreign brands for its government car fleet and use only local manufacturers, the latest vehicle purchase list posted on a government website over the weekend shows. Government at all levels has spent lavishly on foreign cars, from
Published 28 Feb, 2012 12:00am
Nomura gets Saudi nod to offer stock market access

Nomura gets Saudi nod to offer stock market access

Japanese bank Nomura has gotten regulatory approval to offer foreign investors access to Saudi Arabia's stock market, joining a growing list of banks beefing up their presence ahead of anticipated market liberalisation. Nomura's entry comes amid steps by
Published 28 Feb, 2012 12:00am
Japan's Elpida files for bankruptcy protection

Japan's Elpida files for bankruptcy protection

Japan's Elpida Memory filed for bankruptcy protection Monday, days after one of the world's biggest microchip makers admitted it was struggling to solve its debt problems. In the biggest corporate failure in Japanese manufacturing history, the company wen
Published 28 Feb, 2012 12:00am
Asian mobile giants launch race for smartphone market

Asian mobile giants launch race for smartphone market

Asian telecommunications giants fired the first salvo in the battle for the smartphone market, premiering ultra fast and light phones hours before Monday's world's biggest mobile phone show opened. As the Mobile World Congress gathering tens of thousands
Published 28 Feb, 2012 12:00am
Britain closes bank bond buyback tax loophole

Britain closes bank bond buyback tax loophole

Britain is to end "aggressive tax avoidance" schemes used by banks from the profit they can make buying back their own bonds, in a move that could cost Barclays more than 100 million pounds ($158 million). The government said on Monday it was closing two
Published 28 Feb, 2012 12:00am
US pending home sales near two-year high

US pending home sales near two-year high

Contracts to purchase previously owned US homes neared a two-year high in January, an industry group said on Monday, further evidence the housing market was slowly turning the corner. The National Association of Realtors said its Pending Home Sales Index,
Published 28 Feb, 2012 12:00am
Freddie Mac sells $2.5 billion bills at higher rates

Freddie Mac sells $2.5 billion bills at higher rates

Freddie Mac, the No 2 US home funding company said on Monday it sold $2.5 billion of reference bills at higher rates and mixed demand compared with the most recent sales of similar maturities. Freddie Mac said it sold $500 million of one-month bills due M
Published 28 Feb, 2012 12:00am
Hedge funds gobble up European junk bonds after LTRO

Hedge funds gobble up European junk bonds after LTRO

Hedge funds have been snapping up European sub-investment grade bonds this year, industry insiders said, betting the European Central Bank's cash boost to bolster the region's banks will improve the finances of firms on poor credit ratings. Like many asse
Published 28 Feb, 2012 12:00am
Hedge funds gobble up European junk bonds after LTRO

Hedge funds gobble up European junk bonds after LTRO

Hedge funds have been snapping up European sub-investment grade bonds this year, industry insiders said, betting the European Central Bank's cash boost to bolster the region's banks will improve the finances of firms on poor credit ratings. Like many asse
Published 28 Feb, 2012 12:00am
Roubini for World Bank president

Roubini for World Bank president

I believe Bob Zoellick's resignation as head of the World Bank would liberate a bit of Wall Street's grip on the World Bank and other similar institutions. As you know, Zoellick was vice chairman of the international unit of the Goldman Sachs Group and ma
Published 28 Feb, 2012 12:00am
EU warns eight nations on gas competition

EU warns eight nations on gas competition

The European Commission warned eight member-states on Monday to open their energy markets in the next two months or risk legal proceedings at the European Court of Justice. "Opening energy markets for competition is key to competitiveness of the EU econom
Published 28 Feb, 2012 12:00am
HSBC upbeat on Asia as profit hits $22 billion

HSBC upbeat on Asia as profit hits $22 billion

HSBC Holdings Plc, Europe's biggest bank, predicted growth in Asia and other emerging markets would outweigh sluggish European economies this year as it posted a $21.9 billion profit for 2011, the best outturn by a western bank so far. HSBC added, however
Published 28 Feb, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 187,238 tonnes of cargo comprising1 152,593 tonnes of import cargo and 34,645 tonnes of export cargo including 4,882 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 152,593 t
Published 28 Feb, 2012 12:00am
Vietnam's February coffee exports jump, no impact on price

Vietnam's February coffee exports jump, no impact on price

Vietnam's coffee exports this month rose at least a quarter from a year ago, but traders said the volume would not affect prices as the beans were mostly going to roasters, and February shipment only offset a decline in a holiday-shortened January.
Published 28 Feb, 2012 12:00am
Ukraine exports 1.24 million tonnes of grain

Ukraine exports 1.24 million tonnes of grain

Ukraine exported about 1.24 million tonnes of grain, mostly corn, in the first 24 days of February, Kiev-based consultancy ProAgro said on Monday. It said Ukraine exported about 951,000 tonnes of corn and 266,000 tonnes of wheat. No figures for the same p
Published 28 Feb, 2012 12:00am
US Plains HRW wheat bids firmer

US Plains HRW wheat bids firmer

US Plains hard red winter wheat basis bids were steady to firmer on Monday as country selling remained thin and mill demand rose in some locations. The basis rose 5 cents a bushel in Salina, Kansas, but bids were otherwise unchanged. Protein premiums for
Published 28 Feb, 2012 12:00am
Labour, fertiliser costs to hit China's 2012 grain harvest

Labour, fertiliser costs to hit China's 2012 grain harvest

Rising labour and fertiliser prices and uncertain weather will reduce China's grain harvest this year, state radio quoted Minister of Agriculture Han Changfu saying on Monday. A good grain harvest tames China's consumer inflation, which rebounded to 4.5 p
Published 28 Feb, 2012 12:00am
India's rapeseed output seen down

India's rapeseed output seen down

India's rapeseed output is expected to fall 8.5 percent to 6.3 million tonnes in 2012 on lower acreage of the oilseed crop, a trade body survey showed on Monday. Reuters reported on February 1 that the county could see a drop in the rapeseed crop, meaning
Published 28 Feb, 2012 12:00am
Kirana items mixed on Jodia Bazaar

Kirana items mixed on Jodia Bazaar

The trading in Kirana items closed mixed on Jodia Bazaar here on Monday. The following changes were noted.
Published 28 Feb, 2012 12:00am
ACID TEST - Pakistani film 'Saving Face' wins Oscar, creates history

ACID TEST - Pakistani film 'Saving Face' wins Oscar, creates history

A Pakistani director won her country's first Oscar on Sunday for "Saving Face," a short documentary about acid attacks on women and those who help them recover. The film by Sharmeen Obaid-Chinoy follows survivors among hundreds of people attacked every ye
Published 28 Feb, 2012 12:00am
ACID TEST - Pakistani film 'Saving Face' wins Oscar, creates history

ACID TEST - Pakistani film 'Saving Face' wins Oscar, creates history

A Pakistani director won her country's first Oscar on Sunday for "Saving Face," a short documentary about acid attacks on women and those who help them recover. The film by Sharmeen Obaid-Chinoy follows survivors among hundreds of people attacked every ye
Published 28 Feb, 2012 12:00am
Oil cake market rates

Oil cake market rates

Easier trend were seen on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The March vaida that had closed on last Satuday at 768.80 opened with 40 paisa loss at Rs 768.40. The March vaida which closed at Rs 687.00 also
Published 28 Feb, 2012 12:00am
Historic, indeed

Historic, indeed

Sharmeen Obaid-Chinoy has always been a bit of a warrior. I'm going to avoid the term risk-taker, because it's just too weak and colloquial, even too easy, to call her that. It's also inaccurate, for Sharmeen doesn't take risks based on neat matrices of c
Published 28 Feb, 2012 12:00am
Upward trend in prices witnessed on grain market

Upward trend in prices witnessed on grain market

Upward trend was witnessed on the wholesale grain market on Monday in process of modest activity, dealers said. On the seed side til low type retained the weekend level at Rs 3300 while the best type gained Rs 250 to Rs 3750. Castorseed Lasbela followed t
Published 28 Feb, 2012 12:00am
Historic, indeed

Historic, indeed

Sharmeen Obaid-Chinoy has always been a bit of a warrior. I'm going to avoid the term risk-taker, because it's just too weak and colloquial, even too easy, to call her that. It's also inaccurate, for Sharmeen doesn't take risks based on neat matrices of c
Published 28 Feb, 2012 12:00am
Historic, indeed

Historic, indeed

Sharmeen Obaid-Chinoy has always been a bit of a warrior. I''m going to avoid the term risk-taker, because it''s just too weak and colloquial, even too easy, to call her that. It''s also inaccurate, for Sharmeen doesn''t take risks based on neat matrices
Published 28 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 28 Feb, 2012 12:00am
Jalalabad airport attacked: nine killed

Jalalabad airport attacked: nine killed

A Taliban suicide car bomber targeting Nato troops at an airport in eastern Afghanistan killed nine people Monday, the seventh day of violence over the burning of the Holy Quran at a US airbase. The insurgents also said they were behind an attempt to pois
Published 28 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 28 Feb, 2012 12:00am
Jalalabad airport attacked: nine killed

Jalalabad airport attacked: nine killed

A Taliban suicide car bomber targeting Nato troops at an airport in eastern Afghanistan killed nine people Monday, the seventh day of violence over the burning of the Holy Quran at a US airbase. The insurgents also said they were behind an attempt to pois
Published 28 Feb, 2012 12:00am
US vows no change in war strategy

US vows no change in war strategy

The US military remains fully committed to its war strategy in Afghanistan and alliance with the Kabul government despite a week of deadly unrest over the burning of the Holy Quran at an American base, the Pentagon said Monday. Defence Secretary Leon Pane
Published 28 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 Monday (February 27, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover f
Published 28 Feb, 2012 12:00am
US vows no change in war strategy

US vows no change in war strategy

The US military remains fully committed to its war strategy in Afghanistan and alliance with the Kabul government despite a week of deadly unrest over the burning of the Holy Quran at an American base, the Pentagon said Monday. Defence Secretary Leon Pane
Published 28 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 28 Feb, 2012 12:00am
Afghan diplomat, officials arrested for spying

Afghan diplomat, officials arrested for spying

Afghanistan's spy agency said Monday that a senior foreign ministry diplomat and three other government officials had been arrested over charges of spying for neighbouring Iran and Pakistan. The men were detained "on charges of spying for neighbouring reg
Published 28 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 Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
Afghan diplomat, officials arrested for spying

Afghan diplomat, officials arrested for spying

Afghanistan's spy agency said Monday that a senior foreign ministry diplomat and three other government officials had been arrested over charges of spying for neighbouring Iran and Pakistan. The men were detained "on charges of spying for neighbouring reg
Published 28 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 Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
Parliament joint sitting delayed on US review

Parliament joint sitting delayed on US review

A joint session of the parliament due to review the troubled alliance with the United States has been delayed until next month at the earliest, a lawmaker said Monday. Senator Salim Saifullah Khan told reporters that the session would be "sometime after M
Published 28 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 Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
Parliament joint sitting delayed on US review

Parliament joint sitting delayed on US review

A joint session of the parliament due to review the troubled alliance with the United States has been delayed until next month at the earliest, a lawmaker said Monday. Senator Salim Saifullah Khan told reporters that the session would be "sometime after M
Published 28 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 Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
Pakistan won't seek another IMF loan: secretary

Pakistan won't seek another IMF loan: secretary

Secretary Finance Rana Abdul Wajid has said that Pakistan is not going to seek another IMF loan and the government also does not agree to the Fund's concern about fiscal framework of Pakistan based on assumption. Briefing the Senate Standing Committee on
Published 28 Feb, 2012 12:00am
Pakistan won't seek another IMF loan: secretary

Pakistan won't seek another IMF loan: secretary

Secretary Finance Rana Abdul Wajid has said that Pakistan is not going to seek another IMF loan and the government also does not agree to the Fund's concern about fiscal framework of Pakistan based on assumption. Briefing the Senate Standing Committee on
Published 28 Feb, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (February 27, 2012).
Published 28 Feb, 2012 12:00am
Pakistan won''t seek another IMF loan: secretary

Pakistan won''t seek another IMF loan: secretary

Secretary Finance Rana Abdul Wajid has said that Pakistan is not going to seek another IMF loan and the government also does not agree to the Fund''s concern about fiscal framework of Pakistan based on assumption. Briefing the Senate Standing Committee on
Published 28 Feb, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
Zardari felicitates by-election winners

Zardari felicitates by-election winners

President Asif Ali Zardari on Monday felicitated all the winners who won the by-elections of National and provincial assemblies, terming it a "victory of democracy". President Zardari in a message hoped that the new members of the Parliament would put in
Published 28 Feb, 2012 12:00am
President to visit Balochistan soon

President to visit Balochistan soon

President Asif Ali Zardari would soon visit Balochistan, Federal Interior Minister, Rehman Malik said on Monday. Talking to media soon after his arrival to Karachi, at Quaid-e-Azam International Airport, he said sincere efforts are underway to address the
Published 28 Feb, 2012 12:00am
Petition challenges contempt law

Petition challenges contempt law

A petition on Monday filed in the Supreme Court challenges the vires of Contempt of Court Ordinance 2003, promulgated by the then President, Pervez Musharraf. The petitioner, Shahid Orakzai, filed the petition under Article 184 (3) of the Constitution, ma
Published 28 Feb, 2012 12:00am
Petition challenges contempt law

Petition challenges contempt law

A petition on Monday filed in the Supreme Court challenges the vires of Contempt of Court Ordinance 2003, promulgated by the then President, Pervez Musharraf. The petitioner, Shahid Orakzai, filed the petition under Article 184 (3) of the Constitution, ma
Published 28 Feb, 2012 12:00am
KESC privatisation challenged

KESC privatisation challenged

A petition was filed in the Supreme Court Monday, challenging the privatisation of Karachi Electric Supply Company (KESC) with a plea to reverse the sale of the biggest power company since it failed to fulfil all the contractual obligations at the cost of
Published 28 Feb, 2012 12:00am
KESC privatisation challenged

KESC privatisation challenged

A petition was filed in the Supreme Court Monday, challenging the privatisation of Karachi Electric Supply Company (KESC) with a plea to reverse the sale of the biggest power company since it failed to fulfil all the contractual obligations at the cost of
Published 28 Feb, 2012 12:00am
KESC privatisation challenged

KESC privatisation challenged

A petition was filed in the Supreme Court Monday, challenging the privatisation of Karachi Electric Supply Company (KESC) with a plea to reverse the sale of the biggest power company since it failed to fulfil all the contractual obligations at the cost of
Published 28 Feb, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
World Bank says China's economy at 'turning point'

World Bank says China's economy at 'turning point'

China has reached a "turning point" in its economic development, with the pace of growth likely to nearly halve in the next two decades, World Bank and Chinese government researchers said Monday. The Asian giant must implement deep reforms to avoid a sudd
Published 28 Feb, 2012 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (February 27, 2012).
Published 28 Feb, 2012 12:00am
World Bank says China's economy at 'turning point'

World Bank says China's economy at 'turning point'

China has reached a "turning point" in its economic development, with the pace of growth likely to nearly halve in the next two decades, World Bank and Chinese government researchers said Monday. The Asian giant must implement deep reforms to avoid a sudd
Published 28 Feb, 2012 12:00am
World Bank says China''s economy at ''turning point''

World Bank says China''s economy at ''turning point''

China has reached a "turning point" in its economic development, with the pace of growth likely to nearly halve in the next two decades, World Bank and Chinese government researchers said Monday. The Asian giant must implement deep reforms to avoid a sudd
Published 28 Feb, 2012 12:00am
G20 to Europe show us the money

G20 to Europe show us the money

Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund. Eurozone countries pledged on Sunday,
Published 28 Feb, 2012 12:00am
G20 to Europe show us the money

G20 to Europe show us the money

Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund. Eurozone countries pledged on Sunday,
Published 28 Feb, 2012 12:00am
G20 to Europe show us the money

G20 to Europe show us the money

Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund. Eurozone countries pledged on Sunday,
Published 28 Feb, 2012 12:00am
German parliament backs Greek rescue deal

German parliament backs Greek rescue deal

The German parliament voted overwhelmingly on Monday to endorse a 130-billion-euro second rescue package for Greece to help avert bankruptcy. The vote before the Bundestag lower house was backed by 496 of the 591 deputies present, giving Chancellor Angela
Published 28 Feb, 2012 12:00am
German parliament backs Greek rescue deal

German parliament backs Greek rescue deal

The German parliament voted overwhelmingly on Monday to endorse a 130-billion-euro second rescue package for Greece to help avert bankruptcy. The vote before the Bundestag lower house was backed by 496 of the 591 deputies present, giving Chancellor Angela
Published 28 Feb, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
German parliament backs Greek rescue deal

German parliament backs Greek rescue deal

The German parliament voted overwhelmingly on Monday to endorse a 130-billion-euro second rescue package for Greece to help avert bankruptcy. The vote before the Bundestag lower house was backed by 496 of the 591 deputies present, giving Chancellor Angela
Published 28 Feb, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
CNG prices up Rs 1.06 per kg

CNG prices up Rs 1.06 per kg

The prices of compressed natural gas (CNG) have been increased by upto Rs 1.06 per kg, said a notification issued by the Oil and Gas Regulatory Authority (Ogra). According to the notification, CNG prices in Zone-I, consisting of Khyber-Pakhtunkhawa (KPK),
Published 28 Feb, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
CNG prices up Rs 1.06 per kg

CNG prices up Rs 1.06 per kg

The prices of compressed natural gas (CNG) have been increased by upto Rs 1.06 per kg, said a notification issued by the Oil and Gas Regulatory Authority (Ogra). According to the notification, CNG prices in Zone-I, consisting of Khyber-Pakhtunkhawa (KPK),
Published 28 Feb, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
CNG prices up Rs 1.06 per kg

CNG prices up Rs 1.06 per kg

The prices of compressed natural gas (CNG) have been increased by upto Rs 1.06 per kg, said a notification issued by the Oil and Gas Regulatory Authority (Ogra). According to the notification, CNG prices in Zone-I, consisting of Khyber-Pakhtunkhawa (KPK),
Published 28 Feb, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
Stopping cash injection entails rating downgrade risk: SBP governor

Stopping cash injection entails rating downgrade risk: SBP governor

State Bank of Pakistan (SBP) Governor Yaseen Anwar on Monday said that liquidity injection into commercial banks could be stopped, but it would have downside risks, including a country's credit rating downgrade. Speaking here during the meeting of Senate
Published 28 Feb, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Monday (February 27, 2012).

Published 28 Feb, 2012 12:00am
Stopping cash injection entails rating downgrade risk: SBP governor

Stopping cash injection entails rating downgrade risk: SBP governor

State Bank of Pakistan (SBP) Governor Yaseen Anwar on Monday said that liquidity injection into commercial banks could be stopped, but it would have downside risks, including a country's credit rating downgrade. Speaking here during the meeting of Senate
Published 28 Feb, 2012 12:00am
Stopping cash injection entails rating downgrade risk: SBP governor

Stopping cash injection entails rating downgrade risk: SBP governor

State Bank of Pakistan (SBP) Governor Yaseen Anwar on Monday said that liquidity injection into commercial banks could be stopped, but it would have downside risks, including a country''s credit rating downgrade. Speaking here during the meeting of Senate
Published 28 Feb, 2012 12:00am
Index gains 37.14 points

Index gains 37.14 points

A positive trend continued on the Karachi share market and the KSE-100 index increased by 37.14 points to close at 12,743.66 points on the back of local investors and institutional support. The foreign investors however remained on the selling side and wi
Published 28 Feb, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Feb, 2012 12:00am
Index gains 37.14 points

Index gains 37.14 points

A positive trend continued on the Karachi share market and the KSE-100 index increased by 37.14 points to close at 12,743.66 points on the back of local investors and institutional support. The foreign investors however remained on the selling side and wi
Published 28 Feb, 2012 12:00am
Index gains 37.14 points

Index gains 37.14 points

A positive trend continued on the Karachi share market and the KSE-100 index increased by 37.14 points to close at 12,743.66 points on the back of local investors and institutional support. The foreign investors however remained on the selling side and wi
Published 28 Feb, 2012 12:00am
BRIndex30 gains 32.94 points

BRIndex30 gains 32.94 points

On Monday, BRIndex30 opened at 8,734.39 and remained positive for most of the trading session. It touched an intraday high of 8,817.32 and an intraday low of 9,695.90 and closed at 9,767.33 which was 32.94 points or 0.34 percent higher than previous close
Published 28 Feb, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 28 Feb, 2012 12:00am
BRIndex30 gains 32.94 points

BRIndex30 gains 32.94 points

On Monday, BRIndex30 opened at 8,734.39 and remained positive for most of the trading session. It touched an intraday high of 8,817.32 and an intraday low of 9,695.90 and closed at 9,767.33 which was 32.94 points or 0.34 percent higher than previous close
Published 28 Feb, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Feb, 2012 12:00am
ECC has no trust in official inflation figures!

ECC has no trust in official inflation figures!

The Economic Co-ordination Committee (ECC) of the Cabinet has reportedly expressed no confidence in the official inflation figures, arguing that the figures show a declining trend, however, the impact of this decline was clearly not evident, well-informed
Published 28 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 28 Feb, 2012 12:00am
ECC has no trust in official inflation figures!

ECC has no trust in official inflation figures!

The Economic Co-ordination Committee (ECC) of the Cabinet has reportedly expressed no confidence in the official inflation figures, arguing that the figures show a declining trend, however, the impact of this decline was clearly not evident, well-informed
Published 28 Feb, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Feb, 2012 12:00am
ECC has no trust in official inflation figures!

ECC has no trust in official inflation figures!

The Economic Co-ordination Committee (ECC) of the Cabinet has reportedly expressed no confidence in the official inflation figures, arguing that the figures show a declining trend, however, the impact of this decline was clearly not evident, well-informed
Published 28 Feb, 2012 12:00am
Seven killed in bomb blast

Seven killed in bomb blast

A bomb killed at least seven people and wounded another 22 on Monday, targeting a public meeting attended by provincial ministers in Khyber Pakhtunkhwa, police said. The bomb went off soon after chief minister, Amir Haider Hoti, and other ministers in his
Published 28 Feb, 2012 12:00am
Seven killed in bomb blast

Seven killed in bomb blast

A bomb killed at least seven people and wounded another 22 on Monday, targeting a public meeting attended by provincial ministers in Khyber Pakhtunkhwa, police said. The bomb went off soon after chief minister, Amir Haider Hoti, and other ministers in his
Published 28 Feb, 2012 12:00am
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