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Archive - 2012-03-01
Zardari for multi-faceted Pak-UK ties
Top News

Zardari for multi-faceted Pak-UK ties

ISLAMABAD : President Asif Ali Zardari on Thursday reiterated Pakistan 's desire for a multi-faceted and deep engagem
Published 01 Mar, 2012 03:13pm
China foreign minister in India talks
Top News

China foreign minister in India talks

NEW DELHI: China's foreign minister held talks in India on Thursday that focused on issues affecting the neighbours' oft
Published 01 Mar, 2012 12:59pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI : Positive trend continued at the Karachi Stock Exchange (KSE) on Thursday and the KSE-100 index increased by 63
Published 01 Mar, 2012 12:33pm
Aamer not to challenge ban
Cricket

Aamer not to challenge ban

KARACHI: Mohammad Aamer has decided not to appeal a five-year ban imposed for spot-fixing during the 2010 Lord's Test ag
Published 01 Mar, 2012 12:28pm
Pakistan chief selector quits
Cricket

Pakistan chief selector quits

ISLAMABAD: Pakistan's chief selector resigned on Thursday after defeat against England in limited-overs series, less tha
Published 01 Mar, 2012 10:05am
Two NATO troops killed by Afghans
Asia

Two NATO troops killed by Afghans

KABUL: Two NATO troops were killed Thursday when an Afghan soldier and a civilian turned their weapons against them in s
Published 01 Mar, 2012 08:20am
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 12,905.68 with a positive change of 27.80 and volume of 68,962
Published 01 Mar, 2012 07:38am
SSGCs profitability dips
BR Research

SSGCs profitability dips

The gas shortage once around the horizon, now stares the economic managers in their faces. And the countrys leading integrated gas company c
Published 01 Mar, 2012 12:00am
US 'draws up secret charges' against WikiLeaks' Assange

US 'draws up secret charges' against WikiLeaks' Assange

US prosecutors have drawn up secret charges against WikiLeaks founder Julian Assange, a confidential email cited by media Wednesday said, as his lawyer demanded Australia start protecting him. The email is one of a huge number from the US-based global int
Published 01 Mar, 2012 12:00am
UK court rules Lehman Brothers clients can claim cash

UK court rules Lehman Brothers clients can claim cash

The British supreme court ruled cash earmarked as belonging to clients when Lehman Brothers International collapsed should be divided up among all its clients, including those whose cash the investment bank had mixed with its own. By law, firms must keep
Published 01 Mar, 2012 12:00am
Azerbaijan, Russia agree flexible oil export tariff

Azerbaijan, Russia agree flexible oil export tariff

Azeri state energy company SOCAR and Russia's pipeline monopoly Transneft have agreed on a new, more flexible transit policy for Azerbaijan's oil exports via Russia, Azerbaijan's industry and energy minister said. Azerbaijan has used the Baku-Novorossiisk
Published 01 Mar, 2012 12:00am
Syrian army units attack rebel districts

Syrian army units attack rebel districts

Heavy fighting raged near Baba Amro in Homs on Wednesday after elite Syrian troops attacked the rebel-held bastion that has endured 25 days of siege and fierce bombardment, activists said. The Farouq Brigade of the Free Syrian Army was trying to hold off
Published 01 Mar, 2012 12:00am
Eight killed in Iraq bombings

Eight killed in Iraq bombings

Bombings in Iraq killed eight people on Wednesday as authorities released figures showing nearly 70,000 people died in violence from 2004 to 2011, markedly fewer than numbers from other sources. The latest bloodshed comes a month before Baghdad hosts an A
Published 01 Mar, 2012 12:00am
Nine dead as tornadoes strike US midwest

Nine dead as tornadoes strike US midwest

A massive winter storm unleashed a string of tornados that cut a swath of destruction across the US midwest, killing at least nine people and threatening scores more as it pushed eastward Wednesday. The town of Harrisburg, Illinois was ripped apart by a m
Published 01 Mar, 2012 12:00am
Egypt sets May 23 for landmark presidential vote

Egypt sets May 23 for landmark presidential vote

Egypt's presidential election will be held over two days starting May 23, the state election committee said on Wednesday, as the country's military rulers prepare to hand power to civilians after last year's overthrow of Hosni Mubarak. A run-off between t
Published 01 Mar, 2012 12:00am
Colgate Palmolive

Colgate Palmolive

Colgate Palmolive, a small soap and candle business that William Colgate started around 2 centuries back, has evolved into one of the biggest FMCGS of the world, at present it has presence in more than 200 countries. Its brands (Colgate, Mennen, Palmolive
Published 01 Mar, 2012 12:00am
Colgate Palmolive

Colgate Palmolive

Colgate Palmolive, a small soap and candle business that William Colgate started around 2 centuries back, has evolved into one of the biggest FMCGS of the world, at present it has presence in more than 200 countries. Its brands (Colgate, Mennen, Palmolive
Published 01 Mar, 2012 12:00am
Textile exporters criticise hike in power tariff

Textile exporters criticise hike in power tariff

Textile exporters have strongly criticised the massive 39 percent raise in electricity and Rs 4 in petrol prices, saying that it would hit trade and industry hard besides jacking up the graph of inflation further high and demanded a relief package for bad
Published 01 Mar, 2012 12:00am
Loadshedding to decrease in summer: MD Pepco

Loadshedding to decrease in summer: MD Pepco

Managing Director (MD) Pakistan Electric Power Company (Pepco) while reviewing the power situation in coming summer has directed Distribution Companies (Discos) to launch an effective campaign for recovery of receivables and keep the line losses at low.
Published 01 Mar, 2012 12:00am
Mohsin Khan stumped at Pakistan slump

Mohsin Khan stumped at Pakistan slump

Pakistan coach Mohsin Khan appeared stumped Wednesday by his team's lack of form in limited over matches after routing England 3-0 in Tests, saying he had "tried everything". Pakistan whitewashed England in the three Tests but slumped to a 4-0 defeat in t
Published 01 Mar, 2012 12:00am
India leave out Sehwag, Zaheer for Asia Cup

India leave out Sehwag, Zaheer for Asia Cup

India have left out vice-captain Virender Sehwag and pace spearhead Zaheer Khan for the Asia Cup in Bangladesh, selectors insisting the out-of-form duo were rested and not dropped. Veteran Sachin Tendulkar, chasing an elusive 100th international century,
Published 01 Mar, 2012 12:00am
Isner advances, Cilic, Troicki, Melzer ousted

Isner advances, Cilic, Troicki, Melzer ousted

Top seed John Isner eased through his Delray Beach opener, but second and third seeds Marin Cilic and Viktor Troicki exited Tuesday after losing their matches in three sets. World number 11 Isner needed a 32-point second set tie-break to oust American wil
Published 01 Mar, 2012 12:00am
Saeed Ajmal teaching art of bowling doosra

Saeed Ajmal teaching art of bowling doosra

Saeed Ajmal, England's chief tormentor in their recent Test cricket series whitewash by Pakistan has been teaching Worcestershire off-spinner Moeen Ali the art of bowling doosra. Ajmal began coaching Ali last summer during a short stint as Worcestershire'
Published 01 Mar, 2012 12:00am
Clarke a doubt for Sri Lanka ODI

Clarke a doubt for Sri Lanka ODI

Australia named Michael Clarke for Friday's one-day international against Sri Lanka but chairman of selectors John Inverarity says the skipper will not be risked unless fully fit. Clarke has been struggling with back and hamstring problems and missed Sund
Published 01 Mar, 2012 12:00am
Morkel stars as South Africa flay New Zealand

Morkel stars as South Africa flay New Zealand

South Africa trounced New Zealand by eight wickets Wednesday, led by a Morne Morkel five-wicket haul and 92 runs from Hashim Amla, to seal victory in their One-day series with a game to spare. The victory at McLean Park in Napier hands the tourists an una
Published 01 Mar, 2012 12:00am
World Cup dream over for Saudi Arabia, China

World Cup dream over for Saudi Arabia, China

Frank Rijkaard's Saudi Arabia side crashed out of 2014 World Cup qualification on Wednesday, going down to a late burst of goals in Australia as Oman leapfrogged them with a home win against Thailand. The Saudis led Australia at half-time, but the Soccero
Published 01 Mar, 2012 12:00am
Djokovic moves closer to Murray rematch

Djokovic moves closer to Murray rematch

Triple Grand Slam titleholder Novak Djokovic had to fight hard before reaching the quarter-finals of the Dubai Open on Wednesday and moving to within one win of a possible rematch with Andy Murray. Djokovic beat Sergei Stakhovsky, the dangerously hard-hit
Published 01 Mar, 2012 12:00am
Australia call up Bailey, Haddin for West Indies tour

Australia call up Bailey, Haddin for West Indies tour

Twenty20 skipper George Bailey was Wednesday named in Australia's One-day squad for the West Indies tour and there was a recall for experienced wicketkeeper Brad Haddin. National selector John Inverarity said the pair, along with Nathan Lyon, were also th
Published 01 Mar, 2012 12:00am
Veteran senior cricket: Hajvery Sports win

Veteran senior cricket: Hajvery Sports win

Hajvery Sports beat Lahore Tigers by 13 runs in the 14th National Veteran Senior Cricket Cup here at Race Course Park Cricket Ground on Wednesday. Hajvery Sports batting first scored 260/8 in 30 overs. Munir Hussain 65 runs not out, Moazzam Butt 58, Ejaz
Published 01 Mar, 2012 12:00am
Sterling hits 3-1/2 month high versus dollar

Sterling hits 3-1/2 month high versus dollar

Sterling hit a 3-1/2 month high against the dollar on Wednesday after Bank of England policymakers nudged the bar higher for more monetary easing, while it advanced on the euro after the European Central Bank injected a huge amount of cheap funds. The pou
Published 01 Mar, 2012 12:00am
Yuan ends up versus dollar

Yuan ends up versus dollar

The yuan ended up against the dollar on Wednesday after the People's Bank of China fixed the midpoint at a record high, indicating that the central bank is prepared to let the Chinese currency stay above the key 6.30 level, dealers said. The market's expe
Published 01 Mar, 2012 12:00am
Indian rupee gains for second month

Indian rupee gains for second month

The Indian rupee posted a second straight month of gains against the dollar, and the currency is seen strengthening further as the European Central Bank's latest injection of cheap funds is expected to trigger more capital inflows into emerging markets. H
Published 01 Mar, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 81.70-81.85 (previous 81.70-81.82). Call Money Rates: 08.00-13.00 percent (previous 07.00-15.00 percent.
Published 01 Mar, 2012 12:00am
Euro climbs to session peak in New York

Euro climbs to session peak in New York

The euro recovered to trade at a session peak against the dollar on Tuesday as investors looked past a plan by Ireland to hold a referendum on Europe's new fiscal treaty. The euro was last up 0.5 percent at $1.3461 after climbing as high as $1.3467.
Published 01 Mar, 2012 12:00am
Early trade in New York: dollar up versus yen, euro

Early trade in New York: dollar up versus yen, euro

The dollar rose against the euro and yen on Wednesday after analysts said the US Federal Reserve chairman hinted the bank was in no rush to expand its balance sheet on the same day data painted a brighter picture of the US economy.
Published 01 Mar, 2012 12:00am
Euro dips after ECB boost, growth currencies rally

Euro dips after ECB boost, growth currencies rally

The euro dipped on Wednesday as the European Central Bank's huge injection of three-year cash into the banking system lifted riskier currencies like the Australian and New Zealand dollars at the expense of the single currency. The flood of cash was expect
Published 01 Mar, 2012 12:00am
Money markets: ECB cash injection to keep rates pinned

Money markets: ECB cash injection to keep rates pinned

A sharp increase in excess cash in the banking system following a second three-year ECB funding operation on Wednesday is set to keep money market rates pinned down but may do little to free up lending to the real economy. Banks took 530 billion euros in
Published 01 Mar, 2012 12:00am
Bernanke helps push FTSE to 2-1/2 week low

Bernanke helps push FTSE to 2-1/2 week low

Britain's top shares ended lower on Wednesday, in spite of getting initial support from the European Central Bank making cheap loans available to lenders, after bearish comments from US Federal Reserve Chairman Ben Bernanke hurt sentiment. The UK benchmar
Published 01 Mar, 2012 12:00am
Indian shares lose gains as GDP growth sags

Indian shares lose gains as GDP growth sags

Indian shares lost most of their early gains to end 0.1 percent higher on Wednesday, after data showed the country's economic growth slowed in the December quarter to its weakest annual pace in almost three years. The gross domestic product rose 6.1 perce
Published 01 Mar, 2012 12:00am
Seoul shares climb

Seoul shares climb

Seoul shares posted their highest close in seven months on Wednesday, tracking overnight gains in Wall Street as large caps rallied across the board, with sentiment buoyed by better-than-expected factory output data. Shipbuilders led, with Daewoo Shipbuil
Published 01 Mar, 2012 12:00am
Nikkei fails to hold 9,800, best February since 1991

Nikkei fails to hold 9,800, best February since 1991

Japan's Nikkei average ended flat on Wednesday and failed to top the key 9,800 level as investors took profits before a liquidity operation by the European Central Bank, but the index still logged its best February performance in two decades. The Nikkei e
Published 01 Mar, 2012 12:00am
Hong Kong shares move up; China snaps eight-day gaining streak

Hong Kong shares move up; China snaps eight-day gaining streak

Hong Kong shares rose on Wednesday, with the benchmark index gaining for a third straight month, although strength in utilities and lower volumes pointed to caution ahead of a fresh cash injection by the European Central Bank. China shares snapped an eigh
Published 01 Mar, 2012 12:00am
Taiwan stocks up two percent

Taiwan stocks up two percent

Taiwan stocks closed up 2.04 percent on Wednesday at an almost seven-month closing high , with HTC Corp jumping after it announced a new line up of phones aimed at countering a slide in sales. The main TAIEX index rose 162.10 points to 8,121.44, the highe
Published 01 Mar, 2012 12:00am
US stocks advance

US stocks advance

Strong US consumer confidence helped stocks advance on Tuesday and the S&P 500 to pierce the key 1,370 point level, while oil prices suffered their biggest one-day drop in 2-1/2 months. Stocks on Wall Street continued with their upward trend as consumer c
Published 01 Mar, 2012 12:00am
Wednesday's early afternoon trade: stocks dip after Bernanke talks

Wednesday's early afternoon trade: stocks dip after Bernanke talks

US stocks inched lower in a choppy session on Wednesday after comments from US Federal Reserve Chairman Ben Bernanke were viewed as a subtle shift in the central bank's highly accommodative monetary policy. Indexes appeared poised to advance for the fifth
Published 01 Mar, 2012 12:00am
European shares witness late sell-off on Bernanke

European shares witness late sell-off on Bernanke

European shares surrendered earlier gains on Wednesday and finished slightly lower after bearish comments from US Federal Reserve Chairman Ben Bernanke on the country's unemployment, prompted investors to take money off the table. Bernanke said that the j
Published 01 Mar, 2012 12:00am
Saudi bourse keeps rallying

Saudi bourse keeps rallying

The Saudi bourse, the Arab world's largest, rallied for a 10th session on Wednesday, led by banks and petrochemical stocks, and all regional markets also rose amid bullish sentiment in equities. The kingdom's benchmark rose 0.8 percent in active trading t
Published 01 Mar, 2012 12:00am
US factory, income data support outlook

US factory, income data support outlook

The US economy grew slightly faster than initially thought in the fourth quarter and a gauge of factory activity in the Midwest hit a 10 month-high in February, pointing to underlying strength in the economy. Gross domestic product expanded at a 3 percent
Published 01 Mar, 2012 12:00am
StanChart profits hit record

StanChart profits hit record

Standard Chartered notched up a ninth consecutive year of record earnings in 2011 on the back of buoyant growth in Hong Kong and Singapore, though rising competition for staff pushed up its wages bill. London-based Standard Chartered, which makes more tha
Published 01 Mar, 2012 12:00am
StanChart profits hit record

StanChart profits hit record

Standard Chartered notched up a ninth consecutive year of record earnings in 2011 on the back of buoyant growth in Hong Kong and Singapore, though rising competition for staff pushed up its wages bill. London-based Standard Chartered, which makes more tha
Published 01 Mar, 2012 12:00am
Turkey most at risk from eurozone disruption: S&P

Turkey most at risk from eurozone disruption: S&P

Turkey, growing fast but building up debt, is the most exposed of 19 European countries outside the eurozone to disruptions to capital inflows, Standard and Poor's said Wednesday. S&P, one of the top three ratings agencies, said it had compiled a new inde
Published 01 Mar, 2012 12:00am
US lawmakers agree on bill to fight China subsidies

US lawmakers agree on bill to fight China subsidies

Senior US lawmakers said on Wednesday they have agreed on a bipartisan bill to preserve the Commerce Department's ability to impose duties on subsidised goods from China, which has been placed in jeopardy by a court ruling.
Published 01 Mar, 2012 12:00am
Bernanke warns of slow progress

Bernanke warns of slow progress

Federal Reserve Chairman Ben Bernanke on Wednesday offered a tempered view of the US economy, pouring cold water on the notion that recent upbeat signs herald a stronger recovery. Bernanke told Congress that unless growth accelerated, the unacceptably hig
Published 01 Mar, 2012 12:00am
IBM takes giant step to faster, quantum computers

IBM takes giant step to faster, quantum computers

IBM researchers have taken a leap in computing by using quantum mechanics to harness the power of atoms and molecules, a move likely to lead to vast increases in speed and security of computers and other devices. IBM researchers presenting the results at
Published 01 Mar, 2012 12:00am
Indian economy slumps to weakest growth in three years

Indian economy slumps to weakest growth in three years

India's economic growth slowed to 6.1 percent in the three months to December, the weakest annual pace in almost three years, as high interest rates and rising raw material costs constrained investment and manufacturing. The dismal numbers showed the weak
Published 01 Mar, 2012 12:00am
Eurozone inflation slips

Eurozone inflation slips

Eurozone inflation was lower than estimated in January, data showed on Wednesday, supporting market expectations that price growth will continue slowing as the economy contracts and possibly paving the way for an ECB rate cut later this year. The European
Published 01 Mar, 2012 12:00am
Microsoft launches 'new generation' Windows

Microsoft launches 'new generation' Windows

IT giant Microsoft launched Wednesday the test version of a new generation of Windows operating system, which is designed to run seamlessly on computers and rapidly-growing tablets. "Windows 8 is a generational change in the Windows operating system," sai
Published 01 Mar, 2012 12:00am
Brazil posts record primary surplus

Brazil posts record primary surplus

Brazil posted a record primary budget surplus in January, the latest evidence of a government push for fiscal restraint that is helping to pave the way for lower interest rates. Brazil posted a consolidated primary budget surplus of 26.016 billion reais (
Published 01 Mar, 2012 12:00am
Record-low poverty levels in developing countries

Record-low poverty levels in developing countries

The number of poor people in developing countries dropped to record low levels between 2005 and 2008, the World Bank said in a report out Wednesday. "This across-the-board reduction... marks a first since the bank began monitoring extreme poverty," the gl
Published 01 Mar, 2012 12:00am
Grams prices lower on grain market

Grams prices lower on grain market

Grams prices drifted lower on the wholesale grain market on Wednesday in process of modest trading, dealers said. On the grams side, Grams Australia No 1 fell by Rs 400 to Rs 7200-7500, Grams Australia No 1 Dall lost Rs 300 to Rs 8700-9000, grams 50x50 dr
Published 01 Mar, 2012 12:00am
HRW wheat futures bids roll to May

HRW wheat futures bids roll to May

US Plains hard red winter wheat basis bids were rolling to post against May futures on Wednesday with up to a 15-cent spread, merchants said. Country dealings were light and producers remained focused on fertilizing fields and dealing with sporadic wet an
Published 01 Mar, 2012 12:00am
Spot rate reduced to Rs 5,350 on cotton market

Spot rate reduced to Rs 5,350 on cotton market

Official spot rate was lower by Rs 50 on the cotton market on Wednesday amid modest trading, dealers said. The official spot rate was lower by Rs 50 to Rs 5,350, they said. Prices of seedcotton in Sindh were at Rs 1800-2300 and in the Punjab rates were at
Published 01 Mar, 2012 12:00am
Oil cake market rates

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The March vaida closed at 768.50 but opened with a gain of 30 paisa at Rs 768.80 and the March vaida closed at Rs 687.30 and it also commenced
Published 01 Mar, 2012 12:00am
Russian grain prices stable, likely to stay range-bound

Russian grain prices stable, likely to stay range-bound

Russian grain prices are likely to be held in check as the market discusses possible government intervention while ice in ports still hampers loadings, analysts said. "Market participants continue to discuss the time of market interventions in the grain m
Published 01 Mar, 2012 12:00am
EU wheat prices rise on crop concerns

EU wheat prices rise on crop concerns

Wheat prices in western Europe were higher on Wednesday, supported by gains in Chicago and concern about winter damage to some European crops. The most active May milling wheat contract in Paris was up 2.25 euros or 1.09 percent at 208.00 euros a tonne by
Published 01 Mar, 2012 12:00am
Canadian canola futures up

Canadian canola futures up

ICE Canadian canola futures climbed to a fresh 5-1/2 month high on Tuesday on strong demand from domestic processors and exporters, with a rising soy complex on the Chicago market lending support, traders said. A firmer Canadian dollar did little to derai
Published 01 Mar, 2012 12:00am
Ukraine sees sharp rise in corn sowing area

Ukraine sees sharp rise in corn sowing area

Ukraine's Agriculture Ministry expects the area sown to corn to increase to 4.5 million-5.0 million hectares this year from 3.6 million hectares in 2011, it said on Wednesday, making up for winter grain plantings lost to drought and cold weather.
Published 01 Mar, 2012 12:00am
Global soya output set for record drop: Oil World

Global soya output set for record drop: Oil World

Global soyabean output this year is set for a record drop of 7.2 percent, or 19 million tonnes, mainly due to bad weather conditions in key growing areas in South America, Germany-based analyst Oil World forecast on Tuesday. "World production of soyabeans
Published 01 Mar, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 91,570 tonnes of cargo comprising1 77,850 tonnes of import cargo and 13,720 tonnes of export cargo including 568 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 77,850 ton
Published 01 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 01 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 01 Mar, 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 29, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cove
Published 01 Mar, 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 01 Mar, 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 29, 2012).

Published 01 Mar, 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 29, 2012).

Published 01 Mar, 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 29, 2012).

Published 01 Mar, 2012 12:00am
The Balochistan cauldron-I

The Balochistan cauldron-I

Balochistan problem has been festering for more than three decades. However the bloodiness of violence from both sides has never been so gruesome. After the demise of Soviet Union, the warm water theories or threat had subsided to be recently substituted
Published 01 Mar, 2012 12:00am
The Balochistan cauldron-I

The Balochistan cauldron-I

Balochistan problem has been festering for more than three decades. However the bloodiness of violence from both sides has never been so gruesome. After the demise of Soviet Union, the warm water theories or threat had subsided to be recently substituted
Published 01 Mar, 2012 12:00am
National Assembly body concerned at movement of foreign nationals

National Assembly body concerned at movement of foreign nationals

The National Assembly Standing Committee on Defence showed deep concerns over increasing movement of foreign nationals in Balochistan and directed the provincial government to keep an eye on their movement. The standing committee discussed the internal se
Published 01 Mar, 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 29, 2012).

Published 01 Mar, 2012 12:00am
National Assembly body concerned at movement of foreign nationals

National Assembly body concerned at movement of foreign nationals

The National Assembly Standing Committee on Defence showed deep concerns over increasing movement of foreign nationals in Balochistan and directed the provincial government to keep an eye on their movement. The standing committee discussed the internal se
Published 01 Mar, 2012 12:00am
US again warns Pakistan over IP gas line

US again warns Pakistan over IP gas line

US Secretary of State Hillary Clinton on Wednesday warned Pakistan of serious consequences if it continues to build Iran-Pakistan gas pipeline project, a private TV channel reported. According to the channel, Clinton said that Obama Administration is movi
Published 01 Mar, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 29, 2012).
Published 01 Mar, 2012 12:00am
US again warns Pakistan over IP gas line

US again warns Pakistan over IP gas line

US Secretary of State Hillary Clinton on Wednesday warned Pakistan of serious consequences if it continues to build Iran-Pakistan gas pipeline project, a private TV channel reported. According to the channel, Clinton said that Obama Administration is movi
Published 01 Mar, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
US again warns Pakistan over IP gas line

US again warns Pakistan over IP gas line

US Secretary of State Hillary Clinton on Wednesday warned Pakistan of serious consequences if it continues to build Iran-Pakistan gas pipeline project, a private TV channel reported. According to the channel, Clinton said that Obama Administration is movi
Published 01 Mar, 2012 12:00am
Asghar Khan's petition: notices issued to former ISI chief, others

Asghar Khan's petition: notices issued to former ISI chief, others

The Supreme Court on Wednesday issued notices to former Director General Inter Services Intelligence (ISI) Lieutenant General Asad Durrani (Retd), Ministry of Defence and defunct Mehran Bank's chief executive Younis Habib with the directives to file repli
Published 01 Mar, 2012 12:00am
Asghar Khan's petition: notices issued to former ISI chief, others

Asghar Khan's petition: notices issued to former ISI chief, others

The Supreme Court on Wednesday issued notices to former Director General Inter Services Intelligence (ISI) Lieutenant General Asad Durrani (Retd), Ministry of Defence and defunct Mehran Bank's chief executive Younis Habib with the directives to file repli
Published 01 Mar, 2012 12:00am
North Korea agrees to nuclear moratorium

North Korea agrees to nuclear moratorium

North Korea agreed on Wednesday to stop nuclear tests, uranium enrichment and long-range missile launches and to allow nuclear inspectors to visit its Yongbyon nuclear complex to verify the moratorium has been enforced.
Published 01 Mar, 2012 12:00am
North Korea agrees to nuclear moratorium

North Korea agrees to nuclear moratorium

North Korea agreed on Wednesday to stop nuclear tests, uranium enrichment and long-range missile launches and to allow nuclear inspectors to visit its Yongbyon nuclear complex to verify the moratorium has been enforced.
Published 01 Mar, 2012 12:00am
Banks gorge on 530 billion euros of ECB funds

Banks gorge on 530 billion euros of ECB funds

Banks grabbed 530 billion euros at the European Central Bank's second offering of cheap three-year funds on Wednesday, fuelling expectations that credit will flow to businesses and borrowing costs will ease for governments hit by the euro zone crisis. In
Published 01 Mar, 2012 12:00am
Banks gorge on 530 billion euros of ECB funds

Banks gorge on 530 billion euros of ECB funds

Banks grabbed 530 billion euros at the European Central Bank's second offering of cheap three-year funds on Wednesday, fuelling expectations that credit will flow to businesses and borrowing costs will ease for governments hit by the euro zone crisis. In
Published 01 Mar, 2012 12:00am
Banks gorge on 530 billion euros of ECB funds

Banks gorge on 530 billion euros of ECB funds

Banks grabbed 530 billion euros at the European Central Bank''s second offering of cheap three-year funds on Wednesday, fuelling expectations that credit will flow to businesses and borrowing costs will ease for governments hit by the euro zone crisis. In
Published 01 Mar, 2012 12:00am
Power tariff increased by 39 percent

Power tariff increased by 39 percent

National Electric Power Regulatory Authority (Nepra) has increased electricity tariff of Discos' by Rs 3.03 or 39 per cent per unit across the board except lifeline consumers using up to 50 units per month under the monthly fuel adjustment formula. Shauka
Published 01 Mar, 2012 12:00am
Power tariff increased by 39 percent

Power tariff increased by 39 percent

National Electric Power Regulatory Authority (Nepra) has increased electricity tariff of Discos' by Rs 3.03 or 39 per cent per unit across the board except lifeline consumers using up to 50 units per month under the monthly fuel adjustment formula. Shauka
Published 01 Mar, 2012 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
Power tariff increased by 39 percent

Power tariff increased by 39 percent

National Electric Power Regulatory Authority (Nepra) has increased electricity tariff of Discos'' by Rs 3.03 or 39 per cent per unit across the board except lifeline consumers using up to 50 units per month under the monthly fuel adjustment formula. Shauk
Published 01 Mar, 2012 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
Index gains 138.66 points

Index gains 138.66 points

A bullish trend was witnessed on the Karachi share market on Wednesday on the back of local investors and institutional support. The KSE-100 index surged by 138.66 points to close at the level of 12,877.88 points. After strong positive opening the index b
Published 01 Mar, 2012 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
Index gains 138.66 points

Index gains 138.66 points

A bullish trend was witnessed on the Karachi share market on Wednesday on the back of local investors and institutional support. The KSE-100 index surged by 138.66 points to close at the level of 12,877.88 points. After strong positive opening the index b
Published 01 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
Index gains 138.66 points

Index gains 138.66 points

A bullish trend was witnessed on the Karachi share market on Wednesday on the back of local investors and institutional support. The KSE-100 index surged by 138.66 points to close at the level of 12,877.88 points. After strong positive opening the index b
Published 01 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
BRIndex30 up 71.02 points

BRIndex30 up 71.02 points

On Wednesday, BRIndex30 opened at 9,743.42 and remained positive throughout the trading session. It touched an intraday high of 9,890.20 and an intraday low of 9,793.85 and closed at 9,814.44 which was 71.02 points or 0.73 percent higher than previous clo
Published 01 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
BRIndex30 up 71.02 points

BRIndex30 up 71.02 points

On Wednesday, BRIndex30 opened at 9,743.42 and remained positive throughout the trading session. It touched an intraday high of 9,890.20 and an intraday low of 9,793.85 and closed at 9,814.44 which was 71.02 points or 0.73 percent higher than previous clo
Published 01 Mar, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
Negative list approved by Cabinet

Negative list approved by Cabinet

Federal Cabinet meeting chaired by Prime Minister Yousuf Raza Gilani on Wednesday approved negative list of 1,209 items with a decision to abolish negative and positive lists by December 2012 and move towards normalisation of trade with India.
Published 01 Mar, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
Negative list approved by Cabinet

Negative list approved by Cabinet

Federal Cabinet meeting chaired by Prime Minister Yousuf Raza Gilani on Wednesday approved negative list of 1,209 items with a decision to abolish negative and positive lists by December 2012 and move towards normalisation of trade with India.
Published 01 Mar, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Wednesday (February 29, 2012).

Published 01 Mar, 2012 12:00am
Negative list approved by Cabinet

Negative list approved by Cabinet

Federal Cabinet meeting chaired by Prime Minister Yousuf Raza Gilani on Wednesday approved negative list of 1,209 items with a decision to abolish negative and positive lists by December 2012 and move towards normalisation of trade with India.
Published 01 Mar, 2012 12:00am
Normal trade with India 'tied' to level-playing field

Normal trade with India 'tied' to level-playing field

Pakistan is unlikely to normalise trade with India if the latter does not provide a level-playing field to Pakistani exports in its own market, reveals official documents exclusively made available to Business Recorder. "The Commerce Ministry has s
Published 01 Mar, 2012 12:00am
Normal trade with India 'tied' to level-playing field

Normal trade with India 'tied' to level-playing field

Pakistan is unlikely to normalise trade with India if the latter does not provide a level-playing field to Pakistani exports in its own market, reveals official documents exclusively made available to Business Recorder. "The Commerce Ministry has s
Published 01 Mar, 2012 12:00am
Normal trade with India ''tied'' to level-playing field

Normal trade with India ''tied'' to level-playing field

Pakistan is unlikely to normalise trade with India if the latter does not provide a level-playing field to Pakistani exports in its own market, reveals official documents exclusively made available to Business Recorder. "The Commerce Ministry has s
Published 01 Mar, 2012 12:00am
POL, CNG prices raised

POL, CNG prices raised

The Oil and Gas Regulatory Authority (Ogra) on Wednesday notified an increase in the prices of petroleum products up to Rs 8.67 per liter while up to Rs 1.77 per kg in price of CNG with immediate effect. Ogra notified increase in CNG price by Rs 1.77 per
Published 01 Mar, 2012 12:00am
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