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Archive - 2012-03-07
Clinton urges China to prove intentions
Top News

Clinton urges China to prove intentions

WASHINGTON : US Secretary of State Hillary Clinton on Wednesday called on China to show in "concrete ways" that its ri
Published 07 Mar, 2012 11:24pm
NBP posts profit of Rs 17.60bn in 2011
Top News

NBP posts profit of Rs 17.60bn in 2011

ISLAMABAD: National Bank of Pakistan (NBP) has posted the profit of Rs 17.60 billion for the year ended on December 31,
Published 07 Mar, 2012 03:40pm
ISE-10 stays bearish
Markets

ISE-10 stays bearish

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bearish trend as the index was down by 45.83 po
Published 07 Mar, 2012 03:29pm
Gold further slips to Rs49,842
Markets

Gold further slips to Rs49,842

KARACHI: Gold further slipped by Rs 258 to close at Rs 49,842 per 10 grams in the local market Wednesday as its internat
Published 07 Mar, 2012 03:27pm
Gas pipeline blown up in Dera Bugti
Top News

Gas pipeline blown up in Dera Bugti

QUETTA: Unknown men blew up a gas pipeline with explosives here in Pir Koh area of Dera Bugti on Wednesday. "The misc
Published 07 Mar, 2012 03:27pm
BOK assets increased to Rs.68bn in 2011
Top News

BOK assets increased to Rs.68bn in 2011

PESHAWAR: The assets of Bank of Khyber (BOK) increased by Rs 68 Billion in 2011 showing growth of 35 percent over the as
Published 07 Mar, 2012 03:27pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI: Despite healthy foreign buying, the KSE-100 index on Wednesday lost 79.39 points to close at 13,244.95 points d
Published 07 Mar, 2012 12:21pm
European stocks steady
Financial

European stocks steady

LONDON: European stock markets steadied at the start of trading on Wednesday, a day after posting heavy falls, with Lond
Published 07 Mar, 2012 09:13am
Swiss franc up against dollar
Financial

Swiss franc up against dollar

ZURICH: The Swiss franc tracked the euro slightly higher against the dollar on Wednesday as some investors took profits
Published 07 Mar, 2012 08:40am
Senate session starts
Pakistan

Senate session starts

ISLAMABAD: The Senate session started here on Wednesday at 11:20 a.m with recitation from the Holy Qura'an. Chairman Se
Published 07 Mar, 2012 08:32am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Wednesday, until 12:45 PM., KSE-100 Index was at 13,376.46 with a net positive change of 52.12 and volume of
Published 07 Mar, 2012 08:10am
Bomb blast kills four in Spin Boldak
Top News

Bomb blast kills four in Spin Boldak

KANDAHAR: Four civilians were killed and 10 injured Wednesday when a remotely controlled motorbike bomb exploded in Spin
Published 07 Mar, 2012 07:56am
South Africa's rand firms
Financial

South Africa's rand firms

JOHANNESBURG: South Africa's rand firmed against the dollar on Wednesday, shrugging off concerns that Greece may not s
Published 07 Mar, 2012 07:37am
Top corn grower to expand acreage: China
Top News

Top corn grower to expand acreage: China

BEIJING: China's northeast province of Heilongjiang, the country's top corn and soy grower, aims to raise total grains o
Published 07 Mar, 2012 07:17am
Malaysia export growth slows in January
Top News

Malaysia export growth slows in January

KUALA LUMPUR: Malaysia said Wednesday exports rose a weaker-than-expected 0.4 percent year-on-year in January owing to a
Published 07 Mar, 2012 06:00am
National Bank of Pakistan
BR Research

National Bank of Pakistan

With an asset base of Rs.1,153 billion as on 31st December 2011 National Bank of Pakistan (NBP) managed to keep its position intact as the l
Published 07 Mar, 2012 12:00am
PTA: additional spectrum auction
BR Research

PTA: additional spectrum auction

Telecom experts have long argued over reform of spectrum policies so that redundant, yet unavailable, spectrum is reused elsewhere in the fa
Published 07 Mar, 2012 12:00am
Sterling drops

Sterling drops

Sterling fell to an 11-day low against the dollar on Tuesday, with a surprise fall in UK house prices and a sluggish retail sales report adding to a global drop in demand for perceived riskier currencies and assets. Traders said investors were booking pro
Published 07 Mar, 2012 12:00am
Won, Singapore dollar down

Won, Singapore dollar down

The South Korean won and the Singapore dollar slid on Tuesday as investors used concerns about slowing economies in Europe and China as an excuse to take profits and reduce exposure to riskier assets such as emerging Asian currencies. The Singapore dollar
Published 07 Mar, 2012 12:00am
Swiss franc flat

Swiss franc flat

The Swiss franc held steady against the euro and the dollar, with investor risk appetite dampened by the prospect of slowing momentum in China and Europe, though gains in the safe-haven unit were capped by the spectre of central bank intervention. The fra
Published 07 Mar, 2012 12:00am
Indian rupee slumps

Indian rupee slumps

The Indian rupee slumped to a six-week low on Tuesday, tracking local equities, as a massive setback to the Congress party in crucial state elections raised concerns over its ability to revive a stalled reform process. The rupee ended at 50.36/37, after s
Published 07 Mar, 2012 12:00am
Euro rises in New York

Euro rises in New York

The euro crept back from a two-week low on Monday as profit-taking in the dollar offset data highlighting the diverging paths of the US and European economies. But fears over Greece's progress in completing a debt- restructuring deal were expected to keep
Published 07 Mar, 2012 12:00am
Midday trade in New York: Euro, Australian dollar tumble

Midday trade in New York: Euro, Australian dollar tumble

The euro dropped on Tuesday to its lowest level against the US dollar in two-and-a-half weeks as global economic growth concerns and fears about Greece's bailout led investors to shun risk. Worries about slowing growth also weighed on commodity currencies
Published 07 Mar, 2012 12:00am
Euro, Australian dollar hit by growth, Greece worries

Euro, Australian dollar hit by growth, Greece worries

The euro slipped to a two-week low versus the dollar and higher-yielders like the Australian dollar fell on Tuesday on worries over euro zone debt and the global economy, pushing investors towards the safety of the yen and the dollar.
Published 07 Mar, 2012 12:00am
Commodity currencies fall broadly in Asia

Commodity currencies fall broadly in Asia

Commodity currencies fell broadly on Tuesday after the Reserve Bank of Australia kept interest rates on hold and again left the door open for an easing should the economy weaken materially. A second day of falls for growth-linked units such as the Austral
Published 07 Mar, 2012 12:00am
Euribor rates sink

Euribor rates sink

Bank-to-bank Euribor lending rates fell to their lowest since September 2010, sinking deeper after the European Central Bank poured in a second round of cheap cash last week to buoy the banking system. Analysts expect Euribor rates to keep falling after t
Published 07 Mar, 2012 12:00am
Yuan ends lower

Yuan ends lower

The yuan closed down slightly versus the dollar on Tuesday as the People's Bank of China set its midpoint weaker in a signal it is allowing the Chinese currency to track the greenback's global movements more closely, traders said. They said that a lack of
Published 07 Mar, 2012 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.58-81.80 (previous 81.60-81.84). Call Money Rates: 11.00-13.00 percent (previous 07.00-15.00 percent).
Published 07 Mar, 2012 12:00am
FTSE suffers biggest one-day fall in nearly three months

FTSE suffers biggest one-day fall in nearly three months

Britain's top share index ploughed down through support levels on Tuesday as slowing global growth and Greece's dithering over its debt swap plan intensified pressure on riskier assets, prompting a flight to safety and sparking fears of a deeper sell-off.
Published 07 Mar, 2012 12:00am
European shares dive to one-month low

European shares dive to one-month low

European shares hit a one-month closing low on Tuesday after fresh growth and Greek debt-deal concerns drove a long-awaited correction, ending an almost three-month rally. Investors cashed in profits after new concerns surfaced that Greece would not secur
Published 07 Mar, 2012 12:00am
Taiwan stocks slip

Taiwan stocks slip

Taiwan stocks shed 0.83 percent on Tuesday, joining a regional decline, with tourism issues being the biggest drags on the main share index. Restaurant chain store operator Wang Group closed at T$492, up 49.59 percent from its IPO price of T$340. The main
Published 07 Mar, 2012 12:00am
Southeast Asian markets down

Southeast Asian markets down

Southeast Asian stocks fell on Tuesday, with Singapore hitting a one-month low, as concerns about the health of the global economy weighed on market sentiment, prompting investors to take profits on recent gains in regional big caps. Singapore's Straits T
Published 07 Mar, 2012 12:00am
Hong Kong shares skid to worst loss in three months; China weak

Hong Kong shares skid to worst loss in three months; China weak

Hong Kong shares suffered their biggest slump in nearly three months on Tuesday as investors took profits in the financial and growth-sensitive sectors that led this year's rally, worried that more sales of stakes to raise funds would be priced at big dis
Published 07 Mar, 2012 12:00am
US bonds slip

US bonds slip

Data suggesting the US economy was picking up steam nudged US government bond prices lower on Monday, though recession fears in Europe and slower growth in China kept losses in check. Anxiety about Greece's debt swap deal ahead of Thursday's participation
Published 07 Mar, 2012 12:00am
US bonds slip

US bonds slip

Data suggesting the US economy was picking up steam nudged US government bond prices lower on Monday, though recession fears in Europe and slower growth in China kept losses in check. Anxiety about Greece's debt swap deal ahead of Thursday's participation
Published 07 Mar, 2012 12:00am
Seoul stocks fall

Seoul stocks fall

Seoul shares fell again on Tuesday as continuing worries about growth in China and Europe dampened the mood of a market already cautious ahead of expiring options on Thursday. The Korea Composite Stock Price Index (KOSPI) ended off 0.78 percent but manage
Published 07 Mar, 2012 12:00am
Wall Street slips

Wall Street slips

US stocks fell on Monday for the second straight session and the third in the last four trading days, led lower by basic materials shares after China trimmed its growth target for 2012. The S&P 500 index opened lower and data showing the US services secto
Published 07 Mar, 2012 12:00am
Tuesday's early afternoon trade: Dow off over 200 points

Tuesday's early afternoon trade: Dow off over 200 points

US stocks fell the most in nearly three months on Tuesday with the Dow tumbling more than 200 points as recent government data rekindled concerns about global growth and a deadline loomed for private holders of Greek debt to agree to hefty losses. Volatil
Published 07 Mar, 2012 12:00am
Nikkei stays lower

Nikkei stays lower

Japan's Nikkei share average slipped for a second day on Tuesday as investors bagged profits on blue chip stocks following February's 10.5 percent rally, although some attractive valuations and a softer yen supported sentiment. Honda Motor Co slid 1.9 per
Published 07 Mar, 2012 12:00am
Indian shares tumble

Indian shares tumble

Indian shares fell 1.1 percent on Tuesday to their lowest close in more than five weeks after a setback to the Congress party in state elections sparked worries the results would make it harder for the federal government to revive economic reforms. The Co
Published 07 Mar, 2012 12:00am
Dubai bourse tumbles; Egyptian shares at eight-month high

Dubai bourse tumbles; Egyptian shares at eight-month high

Dubai's bourse dropped from a 16-month high on profit-taking on Tuesday after a rally, while Egyptian shares rose to an eight-month high on foreign and local buying, and other Gulf markets were mixed. Dubai's index dropped 3.7 percent, down from Sunday's
Published 07 Mar, 2012 12:00am
Brazil GDP sluggish in 2011; recovery to be modest

Brazil GDP sluggish in 2011; recovery to be modest

Brazil's economy grew just 2.7 percent in 2011 as soaring business costs and uncompetitive industries took the shine off of what had been one of the world's most dynamic emerging markets, and data released on Tuesday pointed to only a modest recovery ahea
Published 07 Mar, 2012 12:00am
Australia trade, government spending add to fourth quarter growth

Australia trade, government spending add to fourth quarter growth

Australia's current account deficit widened sharply last quarter but trade still added more to economic growth than many expected while a rebound in government spending provided a further fillip. Official data out on Tuesday showed the deficit widened to
Published 07 Mar, 2012 12:00am
India's ban on raw cotton exports shocks buyers, world cotton market

India's ban on raw cotton exports shocks buyers, world cotton market

The periodical cotton report of Pakistan Cotton Ginners' Association shows seedcotton arrivals equivalent to 14.379 million local bales as on 1st March 2012 and cotton disposal as 13.46 million bales leaving an unsold stock of about one million bales.
Published 07 Mar, 2012 12:00am
India's ban on raw cotton exports shocks buyers, world cotton market

India's ban on raw cotton exports shocks buyers, world cotton market

The periodical cotton report of Pakistan Cotton Ginners' Association shows seedcotton arrivals equivalent to 14.379 million local bales as on 1st March 2012 and cotton disposal as 13.46 million bales leaving an unsold stock of about one million bales.
Published 07 Mar, 2012 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Monday as crusher buying picked up and farmer selling eased, traders said. Total volume was 10,900 contracts, the smallest since January 19. Benchmark May rose $4.70 to $575.20 per tonne on volume of 4,762 contracts. 55
Published 07 Mar, 2012 12:00am
Spot rate raised up by Rs 50 on cotton market after Indian move

Spot rate raised up by Rs 50 on cotton market after Indian move

Spot rates gained Rs 50 on the cotton market on Tuesday following the imposition of ban on Indian export, dealers said. The official spot rate was raised by Rs 50 to Rs 5,350, they said. Seedcotton prices in Sindh were at Rs 1900-2300 and in the Punjab at
Published 07 Mar, 2012 12:00am
Oil cake market rates

Oil cake market rates

The March vaida was lower while the May contract was unchanged on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The March vaida that had closed at Rs 768.80 but it opened with a fall of 30 paisa to Rs 768.50. The Ma
Published 07 Mar, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 107,907 tonnes of cargo comprising1 47,931 tonnes of import cargo and 59,976 tonnes of export cargo including 5,702 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 47,931 to
Published 07 Mar, 2012 12:00am
Oil World cuts Brazilian soyabean crop forecast

Oil World cuts Brazilian soyabean crop forecast

Hamburg-based oilseeds analyst Oil World has cut its forecast of Brazil's 2012 soyabean crop by 1.5 million tonnes to 68 million tonnes because of drought, it said on Tuesday. Brazil's crop will be well down on the 75.3 million tonnes it harvested in earl
Published 07 Mar, 2012 12:00am
Prices move both ways on grain market

Prices move both ways on grain market

Prices moved both ways on the wholesale grain market on Tuesday in process of trading, dealers said. On the cereal side masoor dal Canada rose by Rs 200 to Rs 6800, urad Burma, however, low type shed Rs 100 to Rs 2400 and better variety lost Rs 200 to Rs
Published 07 Mar, 2012 12:00am
India's February oilmeal exports down 33 percent

India's February oilmeal exports down 33 percent

India's oilmeal exports fell 33 percent to 470,504 tonnes in February compared to a year ago, a leading trade body said on Tuesday, dragged down by a ban on the country's oilmeal imports by China. Soymeal exports, which account for the bulk of India's oil
Published 07 Mar, 2012 12:00am
Water at Mangla, Tarbela below 10-year average

Water at Mangla, Tarbela below 10-year average

Availability of water in Tarbela and Mangla reservoirs is 0.037 and 0.269 million acre feet (MAF) respectively which is lower than the average for the last 10 years due to prevalence of snowfall and cold weather in the catchments areas, resulting in signi
Published 07 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 07 Mar, 2012 12:00am
Water at Mangla, Tarbela below 10-year average

Water at Mangla, Tarbela below 10-year average

Availability of water in Tarbela and Mangla reservoirs is 0.037 and 0.269 million acre feet (MAF) respectively which is lower than the average for the last 10 years due to prevalence of snowfall and cold weather in the catchments areas, resulting in signi
Published 07 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 07 Mar, 2012 12:00am
Water at Mangla, Tarbela below 10-year average

Water at Mangla, Tarbela below 10-year average

Availability of water in Tarbela and Mangla reservoirs is 0.037 and 0.269 million acre feet (MAF) respectively which is lower than the average for the last 10 years due to prevalence of snowfall and cold weather in the catchments areas, resulting in signi
Published 07 Mar, 2012 12:00am
Stocks, euro and oil sag on fears over Greece, economy

Stocks, euro and oil sag on fears over Greece, economy

Global equities posted their biggest declines in about three months and the euro slumped on Tuesday on a new round of worries that Greece may not meet its looming deadline for a debt restructuring. Concerns about the strength of the global economy also we
Published 07 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 Tuesday (March 06, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Published 07 Mar, 2012 12:00am
Stocks, euro and oil sag on fears over Greece, economy

Stocks, euro and oil sag on fears over Greece, economy

Global equities posted their biggest declines in about three months and the euro slumped on Tuesday on a new round of worries that Greece may not meet its looming deadline for a debt restructuring. Concerns about the strength of the global economy also we
Published 07 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 07 Mar, 2012 12:00am
Stocks, euro and oil sag on fears over Greece, economy

Stocks, euro and oil sag on fears over Greece, economy

Global equities posted their biggest declines in about three months and the euro slumped on Tuesday on a new round of worries that Greece may not meet its looming deadline for a debt restructuring. Concerns about the strength of the global economy also we
Published 07 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 Tuesday (March 06, 2012).

Published 07 Mar, 2012 12:00am
Stocks, euro and oil sag on fears over Greece, economy

Stocks, euro and oil sag on fears over Greece, economy

Global equities posted their biggest declines in about three months and the euro slumped on Tuesday on a new round of worries that Greece may not meet its looming deadline for a debt restructuring. Concerns about the strength of the global economy also we
Published 07 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 Tuesday (March 06, 2012).

Published 07 Mar, 2012 12:00am
Budget 2012-13: reduction in general tariff slabs likely

Budget 2012-13: reduction in general tariff slabs likely

Federal government is likely to reduce general tariff slabs from eight to seven in the budget 2012-13, aimed at revising duty downward in light of recommendations of tariff reforms committee headed by Deputy Chairman Planning Commission, Dr Nadeem-ul-Haq,
Published 07 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 Tuesday (March 06, 2012).

Published 07 Mar, 2012 12:00am
Budget 2012-13: reduction in general tariff slabs likely

Budget 2012-13: reduction in general tariff slabs likely

Federal government is likely to reduce general tariff slabs from eight to seven in the budget 2012-13, aimed at revising duty downward in light of recommendations of tariff reforms committee headed by Deputy Chairman Planning Commission, Dr Nadeem-ul-Haq,
Published 07 Mar, 2012 12:00am
Budget 2012-13: reduction in general tariff slabs likely

Budget 2012-13: reduction in general tariff slabs likely

Federal government is likely to reduce general tariff slabs from eight to seven in the budget 2012-13, aimed at revising duty downward in light of recommendations of tariff reforms committee headed by Deputy Chairman Planning Commission, Dr Nadeem-ul-Haq,
Published 07 Mar, 2012 12:00am
ICTSI eyes stake in PICT

ICTSI eyes stake in PICT

ICTSI Mauritius Limited, a wholly-owned indirect subsidiary of International Container Terminal Services, Inc has announced its intention to acquire up to 55 percent of the voting shares of the Pakistan International Container Terminal (PICT). The Citiban
Published 07 Mar, 2012 12:00am
ICTSI eyes stake in PICT

ICTSI eyes stake in PICT

ICTSI Mauritius Limited, a wholly-owned indirect subsidiary of International Container Terminal Services, Inc has announced its intention to acquire up to 55 percent of the voting shares of the Pakistan International Container Terminal (PICT). The Citiban
Published 07 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 Tuesday (March 06, 2012).

Published 07 Mar, 2012 12:00am
ICTSI eyes stake in PICT

ICTSI eyes stake in PICT

ICTSI Mauritius Limited, a wholly-owned indirect subsidiary of International Container Terminal Services, Inc has announced its intention to acquire up to 55 percent of the voting shares of the Pakistan International Container Terminal (PICT). The Citiban
Published 07 Mar, 2012 12:00am
3-G licenses: PPRA rules to be relaxed to ensure Rs 75 billion revenue

3-G licenses: PPRA rules to be relaxed to ensure Rs 75 billion revenue

The government has decided to relax Public Procurement Regulatory Authority (PPRA) rules to ensure materialisation of budgeted inflow of Rs 75 billion on account of 3-G licenses by May 2012 to reduce the budget deficit for the current fiscal year, said Pa
Published 07 Mar, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 06, 2012).
Published 07 Mar, 2012 12:00am
3-G licenses: PPRA rules to be relaxed to ensure Rs 75 billion revenue

3-G licenses: PPRA rules to be relaxed to ensure Rs 75 billion revenue

The government has decided to relax Public Procurement Regulatory Authority (PPRA) rules to ensure materialisation of budgeted inflow of Rs 75 billion on account of 3-G licenses by May 2012 to reduce the budget deficit for the current fiscal year, said Pa
Published 07 Mar, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 06, 2012).

Published 07 Mar, 2012 12:00am
3-G licenses: PPRA rules to be relaxed to ensure Rs 75 billion revenue

3-G licenses: PPRA rules to be relaxed to ensure Rs 75 billion revenue

The government has decided to relax Public Procurement Regulatory Authority (PPRA) rules to ensure materialisation of budgeted inflow of Rs 75 billion on account of 3-G licenses by May 2012 to reduce the budget deficit for the current fiscal year, said Pa
Published 07 Mar, 2012 12:00am
Taxpayer ledger system partially implemented

Taxpayer ledger system partially implemented

The Federal Board of Revenue has partially implemented taxpayer ledger system as all the tax-related transactions other than tax returns and tax payments are currently not being captured through the ledger system. Sources told Business Recorder her
Published 07 Mar, 2012 12:00am
Taxpayer ledger system partially implemented

Taxpayer ledger system partially implemented

The Federal Board of Revenue has partially implemented taxpayer ledger system as all the tax-related transactions other than tax returns and tax payments are currently not being captured through the ledger system. Sources told Business Recorder her
Published 07 Mar, 2012 12:00am
Taxpayer ledger system partially implemented

Taxpayer ledger system partially implemented

The Federal Board of Revenue has partially implemented taxpayer ledger system as all the tax-related transactions other than tax returns and tax payments are currently not being captured through the ledger system. Sources told Business Recorder her
Published 07 Mar, 2012 12:00am
Lehman exits bankruptcy to repay debt and vanish

Lehman exits bankruptcy to repay debt and vanish

The debtors of Lehman Brothers, whose stunning collapse in 2008 sparked global financial panic, emerged from a record bankruptcy Tuesday in a step toward the final chapter for the once-powerful Wall Street investment bank. The liquidators running Lehman B
Published 07 Mar, 2012 12:00am
Lehman exits bankruptcy to repay debt and vanish

Lehman exits bankruptcy to repay debt and vanish

The debtors of Lehman Brothers, whose stunning collapse in 2008 sparked global financial panic, emerged from a record bankruptcy Tuesday in a step toward the final chapter for the once-powerful Wall Street investment bank. The liquidators running Lehman B
Published 07 Mar, 2012 12:00am
Lehman exits bankruptcy to repay debt and vanish

Lehman exits bankruptcy to repay debt and vanish

The debtors of Lehman Brothers, whose stunning collapse in 2008 sparked global financial panic, emerged from a record bankruptcy Tuesday in a step toward the final chapter for the once-powerful Wall Street investment bank. The liquidators running Lehman B
Published 07 Mar, 2012 12:00am
BRIndex30 down by 39.23 points

BRIndex30 down by 39.23 points

On Tuesday, BRIndex30 opened at 10,079.01 and after remaining positive since market opening, it fell into negative in the last hour of trading session. It touched an intraday high of 10,127.85 and an intraday low of 10,005.67 and closed at 10,039.78 which
Published 07 Mar, 2012 12:00am
BRIndex30 down by 39.23 points

BRIndex30 down by 39.23 points

On Tuesday, BRIndex30 opened at 10,079.01 and after remaining positive since market opening, it fell into negative in the last hour of trading session. It touched an intraday high of 10,127.85 and an intraday low of 10,005.67 and closed at 10,039.78 which
Published 07 Mar, 2012 12:00am
Index gains 46.03 points

Index gains 46.03 points

An upward trend continued on the Karachi share market on Tuesday and the KSE-100 index gained another 46.03 points to close at 13,324.34 points on the back of fresh buying by local and foreign investors coupled with an institutional support.
Published 07 Mar, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (March 06, 2012).

Published 07 Mar, 2012 12:00am
Index gains 46.03 points

Index gains 46.03 points

An upward trend continued on the Karachi share market on Tuesday and the KSE-100 index gained another 46.03 points to close at 13,324.34 points on the back of fresh buying by local and foreign investors coupled with an institutional support.
Published 07 Mar, 2012 12:00am
Index gains 46.03 points

Index gains 46.03 points

An upward trend continued on the Karachi share market on Tuesday and the KSE-100 index gained another 46.03 points to close at 13,324.34 points on the back of fresh buying by local and foreign investors coupled with an institutional support.
Published 07 Mar, 2012 12:00am
Voters deal heavy blow to India's next Gandhi

Voters deal heavy blow to India's next Gandhi

India's Rahul Gandhi failed spectacularly to deliver a promised comeback for his Congress party in crucial state elections, casting fresh doubt on his capacity to become the next member of a storied dynasty to lead the country. The Congress party flop in
Published 07 Mar, 2012 12:00am
Voters deal heavy blow to India's next Gandhi

Voters deal heavy blow to India's next Gandhi

India's Rahul Gandhi failed spectacularly to deliver a promised comeback for his Congress party in crucial state elections, casting fresh doubt on his capacity to become the next member of a storied dynasty to lead the country. The Congress party flop in
Published 07 Mar, 2012 12:00am
US-Iran standoff: Big powers accept offer of talks: EU

US-Iran standoff: Big powers accept offer of talks: EU

Six world powers have accepted an Iranian offer for talks on its disputed nuclear programme, the European Union's top diplomat said on Tuesday, after a year's standstill that has increased fears of a slide into a new Middle East war. The announcement by E
Published 07 Mar, 2012 12:00am
US-Iran standoff: Big powers accept offer of talks: EU

US-Iran standoff: Big powers accept offer of talks: EU

Six world powers have accepted an Iranian offer for talks on its disputed nuclear programme, the European Union's top diplomat said on Tuesday, after a year's standstill that has increased fears of a slide into a new Middle East war. The announcement by E
Published 07 Mar, 2012 12:00am
No need to choose now on Iran strike: Obama

No need to choose now on Iran strike: Obama

US President Barack Obama suggested Tuesday that Iran's nuclear programme was not an immediate threat, but said new world power talks would "quickly" establish if Tehran wanted to end the crisis. Obama stole some of the political limelight from Republican
Published 07 Mar, 2012 12:00am
No need to choose now on Iran strike: Obama

No need to choose now on Iran strike: Obama

US President Barack Obama suggested Tuesday that Iran's nuclear programme was not an immediate threat, but said new world power talks would "quickly" establish if Tehran wanted to end the crisis. Obama stole some of the political limelight from Republican
Published 07 Mar, 2012 12:00am
FBI offers $1 million in former agent Iran disappearance

FBI offers $1 million in former agent Iran disappearance

The US Federal Bureau of Investigation on Tuesday offered a $1 million reward for information leading to the safe return of one of its former agents, Robert Levinson, who vanished in Iran in 2007 and is believed to be held hostage there. The FBI made the
Published 07 Mar, 2012 12:00am
FBI offers $1 million in former agent Iran disappearance

FBI offers $1 million in former agent Iran disappearance

The US Federal Bureau of Investigation on Tuesday offered a $1 million reward for information leading to the safe return of one of its former agents, Robert Levinson, who vanished in Iran in 2007 and is believed to be held hostage there. The FBI made the
Published 07 Mar, 2012 12:00am
Equities maintain upward trend

Equities maintain upward trend

Equities maintained upward slide for the second consecutive day at the Lahore Stock Exchange (LSE) on Tuesday following buyers' interest in select shares. The LSE-25 index was fractionally improved by 0.46 point and was closed at 3,531.55 against 3,531.09
Published 07 Mar, 2012 12:00am
Equities maintain upward trend

Equities maintain upward trend

Equities maintained upward slide for the second consecutive day at the Lahore Stock Exchange (LSE) on Tuesday following buyers' interest in select shares. The LSE-25 index was fractionally improved by 0.46 point and was closed at 3,531.55 against 3,531.09
Published 07 Mar, 2012 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 10.33 points as the ISE Ten Index moved from 2,907.97 to 2,897.64
Published 07 Mar, 2012 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 10.33 points as the ISE Ten Index moved from 2,907.97 to 2,897.64
Published 07 Mar, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Mar, 2012 12:00am
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