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Archive - 2012-03-13
US drone strikes kill 15
Top News

US drone strikes kill 15

DERA ISMAIL KHAN: US drone aircraft struck twice in tribal regions along the border with Afghanistan on Tuesday, killing
Published 13 Mar, 2012 10:17am
Sri Lanka put India in to bat
Cricket

Sri Lanka put India in to bat

DHAKA : Sri Lanka captain Mahela Jayawardene elected to field after winning the toss against India in the Asia Cup o
Published 13 Mar, 2012 08:28am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Tuesday until 12:25 P.M., KSE-100 Index remained mostly in red and turned positive around at 11:30 P.M. an
Published 13 Mar, 2012 08:12am
Rail fares soared by up to 20pc
Top News

Rail fares soared by up to 20pc

SAFDAR RASHEED LAHORE : The cash-strapped Pakistan Railways (PR) has increased passenger trains fares from 15 to 20 p
Published 13 Mar, 2012 05:22am
India bond yields inch up
Financial

India bond yields inch up

MUMBAI: Indian federal bond yields were slightly up on Tuesday as the possibility was higher that the Reserve Bank of In
Published 13 Mar, 2012 05:06am
Rice following bearish trend
BR Research

Rice following bearish trend

The bearish trend seen in the global food commodity prices over the last 6 months is being followed by rice. The higher prices that rice had
Published 13 Mar, 2012 12:00am
Rice following bearish trend
BR Research

Rice following bearish trend

The bearish trend seen in the global food commodity prices over the last 6 months is being followed by rice. The higher prices that rice ha
Published 13 Mar, 2012 12:00am
Leading economies, eurozone rally, China slows: OECD

Leading economies, eurozone rally, China slows: OECD

Tentative signs of economic upturn are appearing in the eurozone but business activity is showing signs of flagging in China and Brazil, the OECD said on Monday. The Organisation for Economic Cooperation and Development said that the United States and Jap
Published 13 Mar, 2012 12:00am
Swiss tighten rules on central bankers' trading

Swiss tighten rules on central bankers' trading

The council that supervises the Swiss National Bank announced strict new rules on Monday to limit policymakers' private financial dealings after former chief Philipp Hildebrand quit over a controversial currency trade by his wife. The SNB council set limi
Published 13 Mar, 2012 12:00am
Swiss tighten rules on central bankers' trading

Swiss tighten rules on central bankers' trading

The council that supervises the Swiss National Bank announced strict new rules on Monday to limit policymakers' private financial dealings after former chief Philipp Hildebrand quit over a controversial currency trade by his wife. The SNB council set limi
Published 13 Mar, 2012 12:00am
Swiss tighten rules on central bankers'' trading

Swiss tighten rules on central bankers'' trading

The council that supervises the Swiss National Bank announced strict new rules on Monday to limit policymakers'' private financial dealings after former chief Philipp Hildebrand quit over a controversial currency trade by his wife. The SNB council set lim
Published 13 Mar, 2012 12:00am
Pentagon rebuffs call for Afghan trial

Pentagon rebuffs call for Afghan trial

The Pentagon rejected calls Monday for an American soldier arrested in the killings of 16 Afghan civilians to be tried in public in Afghanistan, saying the US military will prosecute him. Investigations, and where warranted, the prosecutions of US service
Published 13 Mar, 2012 12:00am
Pentagon rebuffs call for Afghan trial

Pentagon rebuffs call for Afghan trial

The Pentagon rejected calls Monday for an American soldier arrested in the killings of 16 Afghan civilians to be tried in public in Afghanistan, saying the US military will prosecute him. Investigations, and where warranted, the prosecutions of US service
Published 13 Mar, 2012 12:00am
NSD to issue Rs 10,000 prize bonds through Stock Exchange

NSD to issue Rs 10,000 prize bonds through Stock Exchange

Pakistan National Savings Directorate (NSD) Managing Director Zafar M Sheikh has announced issuance of Rs 10,000 denomination prize interest bearer prize bond which would be launched through Stock Exchange.
Published 13 Mar, 2012 12:00am
NSD to issue Rs 10,000 prize bonds through Stock Exchange

NSD to issue Rs 10,000 prize bonds through Stock Exchange

Pakistan National Savings Directorate (NSD) Managing Director Zafar M Sheikh has announced issuance of Rs 10,000 denomination prize interest bearer prize bond which would be launched through Stock Exchange.
Published 13 Mar, 2012 12:00am
NSD to issue Rs 10,000 prize bonds through Stock Exchange

NSD to issue Rs 10,000 prize bonds through Stock Exchange

Pakistan National Savings Directorate (NSD) Managing Director Zafar M Sheikh has announced issuance of Rs 10,000 denomination prize interest bearer prize bond which would be launched through Stock Exchange.
Published 13 Mar, 2012 12:00am
NSD to issue Rs 10,000 prize bonds through Stock Exchange

NSD to issue Rs 10,000 prize bonds through Stock Exchange

Pakistan National Savings Directorate (NSD) Managing Director Zafar M Sheikh has announced issuance of Rs 10,000 denomination prize interest bearer prize bond which would be launched through Stock Exchange.
Published 13 Mar, 2012 12:00am
Banks not willing to lend: government to ink side accords with IPPs

Banks not willing to lend: government to ink side accords with IPPs

The government has decided to alter agreements with the Independent Power Producers (IPPs) by signing side agreements aimed at extending support to them as banks are not willing to lend additional working capital in the present scenario of circular debt a
Published 13 Mar, 2012 12:00am
Banks not willing to lend: government to ink side accords with IPPs

Banks not willing to lend: government to ink side accords with IPPs

The government has decided to alter agreements with the Independent Power Producers (IPPs) by signing side agreements aimed at extending support to them as banks are not willing to lend additional working capital in the present scenario of circular debt a
Published 13 Mar, 2012 12:00am
Banks not willing to lend: government to ink side accords with IPPs

Banks not willing to lend: government to ink side accords with IPPs

The government has decided to alter agreements with the Independent Power Producers (IPPs) by signing side agreements aimed at extending support to them as banks are not willing to lend additional working capital in the present scenario of circular debt a
Published 13 Mar, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Mar, 2012 12:00am
India bans fresh cotton exports -for now

India bans fresh cotton exports -for now

India will now ban fresh cotton exports and allow only quantities already registered but not shipped, its trade secretary said on Monday, as the world's No 2 producer continued to flip-flop with its trade policy, fuelling market uncertainty.
Published 13 Mar, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 Mar, 2012 12:00am
India bans fresh cotton exports -for now

India bans fresh cotton exports -for now

India will now ban fresh cotton exports and allow only quantities already registered but not shipped, its trade secretary said on Monday, as the world's No 2 producer continued to flip-flop with its trade policy, fuelling market uncertainty.
Published 13 Mar, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Mar, 2012 12:00am
India bans fresh cotton exports -for now

India bans fresh cotton exports -for now

India will now ban fresh cotton exports and allow only quantities already registered but not shipped, its trade secretary said on Monday, as the world''s No 2 producer continued to flip-flop with its trade policy, fuelling market uncertainty.
Published 13 Mar, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Mar, 2012 12:00am
Index gains 29.8 points

Index gains 29.8 points

An upward trend continued on the Karachi share market on Monday on the back of local retail investors, institutions and foreigners support. The benchmark KSE-100 index gained 29.80 points and closed at the level of 13,382.54 points with record high volume
Published 13 Mar, 2012 12:00am
Index gains 29.8 points

Index gains 29.8 points

An upward trend continued on the Karachi share market on Monday on the back of local retail investors, institutions and foreigners support. The benchmark KSE-100 index gained 29.80 points and closed at the level of 13,382.54 points with record high volume
Published 13 Mar, 2012 12:00am
Index gains 29.8 points

Index gains 29.8 points

An upward trend continued on the Karachi share market on Monday on the back of local retail investors, institutions and foreigners support. The benchmark KSE-100 index gained 29.80 points and closed at the level of 13,382.54 points with record high volume
Published 13 Mar, 2012 12:00am
BRIndex30 up 10.39 points

BRIndex30 up 10.39 points

On Monday, BRIndex30 opened at 10,328.11 and remained positive for the whole trading session except in last few minutes. It touched an intraday high of 10,540.07 and an intraday low of 10,310.50 and closed at 10,338.50 which was 10.39 points or 0.1 percen
Published 13 Mar, 2012 12:00am
BRIndex30 up 10.39 points

BRIndex30 up 10.39 points

On Monday, BRIndex30 opened at 10,328.11 and remained positive for the whole trading session except in last few minutes. It touched an intraday high of 10,540.07 and an intraday low of 10,310.50 and closed at 10,338.50 which was 10.39 points or 0.1 percen
Published 13 Mar, 2012 12:00am
Assets abroad? LHC issues notices to Nawaz, Shahbaz, Nisar, others

Assets abroad? LHC issues notices to Nawaz, Shahbaz, Nisar, others

The Lahore High Court issued notices to Nawaz Sharif, Shahbaz Sharif, Chaudhry Nisar and others. The petitioner, Javed Iqbal Jaffari, contended that the respondents had shifted billion of rupees and also amassed assets abroad illegally. He therefore praye
Published 13 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Assets abroad? LHC issues notices to Nawaz, Shahbaz, Nisar, others

Assets abroad? LHC issues notices to Nawaz, Shahbaz, Nisar, others

The Lahore High Court issued notices to Nawaz Sharif, Shahbaz Sharif, Chaudhry Nisar and others. The petitioner, Javed Iqbal Jaffari, contended that the respondents had shifted billion of rupees and also amassed assets abroad illegally. He therefore praye
Published 13 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Reko Diq case: hearing adjourned for 15 days

Reko Diq case: hearing adjourned for 15 days

After it received a notice from Supreme Court in Reko Diq case, Tethyan Copper Company Australia (TCCA) requested for the grant of time to file a reply in the case. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Khilji A
Published 13 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Reko Diq case: hearing adjourned for 15 days

Reko Diq case: hearing adjourned for 15 days

After it received a notice from Supreme Court in Reko Diq case, Tethyan Copper Company Australia (TCCA) requested for the grant of time to file a reply in the case. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Khilji A
Published 13 Mar, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee in the absence of need for major payments held the command over dollar and euro on the currency market on Monday, dealers said. The rupee managed to retain the weekend rising trend in relation to dollar, as it picked up 10 paisa for buying at 90
Published 13 Mar, 2012 12:00am
Reko Diq case: hearing adjourned for 15 days

Reko Diq case: hearing adjourned for 15 days

After it received a notice from Supreme Court in Reko Diq case, Tethyan Copper Company Australia (TCCA) requested for the grant of time to file a reply in the case. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Khilji A
Published 13 Mar, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee in the absence of need for major payments held the command over dollar and euro on the currency market on Monday, dealers said. The rupee managed to retain the weekend rising trend in relation to dollar, as it picked up 10 paisa for buying at 90
Published 13 Mar, 2012 12:00am
ICC dismisses India match-fixing claims

ICC dismisses India match-fixing claims

The International Cricket Council on Monday dismissed a claim in a British newspaper that Indian bookmakers were fixing the results of English county games and overseas fixtures. The chief executive of the sport's world governing body, Haroon Lorgat, desc
Published 13 Mar, 2012 12:00am
ICC dismisses India match-fixing claims

ICC dismisses India match-fixing claims

The International Cricket Council on Monday dismissed a claim in a British newspaper that Indian bookmakers were fixing the results of English county games and overseas fixtures. The chief executive of the sport's world governing body, Haroon Lorgat, desc
Published 13 Mar, 2012 12:00am
Illegal input tax adjustments: amount surpasses Rs 100 billion mark

Illegal input tax adjustments: amount surpasses Rs 100 billion mark

The amount detected through illegal input tax adjustments has crossed Rs 100 billion, which is based on the data compiled by the Taxpayers Audit Wing of the Federal Board of Revenue (FBR). Sources told Business Recorder here on Monday that the late
Published 13 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Illegal input tax adjustments: amount surpasses Rs 100 billion mark

Illegal input tax adjustments: amount surpasses Rs 100 billion mark

The amount detected through illegal input tax adjustments has crossed Rs 100 billion, which is based on the data compiled by the Taxpayers Audit Wing of the Federal Board of Revenue (FBR). Sources told Business Recorder here on Monday that the late
Published 13 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Illegal input tax adjustments: amount surpasses Rs 100 billion mark

Illegal input tax adjustments: amount surpasses Rs 100 billion mark

The amount detected through illegal input tax adjustments has crossed Rs 100 billion, which is based on the data compiled by the Taxpayers Audit Wing of the Federal Board of Revenue (FBR). Sources told Business Recorder here on Monday that the late
Published 13 Mar, 2012 12:00am
One million tons of wheat likely to be sold to private parties

One million tons of wheat likely to be sold to private parties

Federal government is likely to sell one million tons of wheat at a price of Rs 950 per 40 kg to private parties and the subsidy of Rs 6,045 per ton will be borne by the Finance Ministry, official sources told the Business Recorder. Presently, Paki
Published 13 Mar, 2012 12:00am
One million tons of wheat likely to be sold to private parties

One million tons of wheat likely to be sold to private parties

Federal government is likely to sell one million tons of wheat at a price of Rs 950 per 40 kg to private parties and the subsidy of Rs 6,045 per ton will be borne by the Finance Ministry, official sources told the Business Recorder. Presently, Paki
Published 13 Mar, 2012 12:00am
One million tons of wheat likely to be sold to private parties

One million tons of wheat likely to be sold to private parties

Federal government is likely to sell one million tons of wheat at a price of Rs 950 per 40 kg to private parties and the subsidy of Rs 6,045 per ton will be borne by the Finance Ministry, official sources told the Business Recorder. Presently, Paki
Published 13 Mar, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 02nd March, 2012.

Published 13 Mar, 2012 12:00am
Banks, DFIs recover Rs 68 billion against NPLs

Banks, DFIs recover Rs 68 billion against NPLs

Taking special measures, banks and development finance institutions (DFIs) have made Rs 68 billion cash recovery against non-performing loans (NPLs) during the last calendar year 2011, which is up by 15 percent. Sources in banking sector told Business
Published 13 Mar, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 02nd March, 2012.

Published 13 Mar, 2012 12:00am
Banks, DFIs recover Rs 68 billion against NPLs

Banks, DFIs recover Rs 68 billion against NPLs

Taking special measures, banks and development finance institutions (DFIs) have made Rs 68 billion cash recovery against non-performing loans (NPLs) during the last calendar year 2011, which is up by 15 percent. Sources in banking sector told Business
Published 13 Mar, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Banks, DFIs recover Rs 68 billion against NPLs

Banks, DFIs recover Rs 68 billion against NPLs

Taking special measures, banks and development finance institutions (DFIs) have made Rs 68 billion cash recovery against non-performing loans (NPLs) during the last calendar year 2011, which is up by 15 percent. Sources in banking sector told Business
Published 13 Mar, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Rail fares soared by up to 20 percent

Rail fares soared by up to 20 percent

The cash-strapped Pakistan Railways (PR) has increased passenger trains fares from 15 to 20 percent with effect from Thursday to overcome its financial crisis and a notification in this regard was issued here on Monday. The notification said that (a) pass
Published 13 Mar, 2012 12:00am
Rail fares soared by up to 20 percent

Rail fares soared by up to 20 percent

The cash-strapped Pakistan Railways (PR) has increased passenger trains fares from 15 to 20 percent with effect from Thursday to overcome its financial crisis and a notification in this regard was issued here on Monday. The notification said that (a) pass
Published 13 Mar, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Rail fares soared by up to 20 percent

Rail fares soared by up to 20 percent

The cash-strapped Pakistan Railways (PR) has increased passenger trains fares from 15 to 20 percent with effect from Thursday to overcome its financial crisis and a notification in this regard was issued here on Monday. The notification said that (a) pass
Published 13 Mar, 2012 12:00am
US still single largest grant provider despite tensions

US still single largest grant provider despite tensions

The US continues to be the single largest provider of grant assistance to Pakistan despite the recent tensions between the two countries in the wake of the Salala attack which killed 24 soldiers. Well-placed sources told Business Recorder here on M
Published 13 Mar, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
US still single largest grant provider despite tensions

US still single largest grant provider despite tensions

The US continues to be the single largest provider of grant assistance to Pakistan despite the recent tensions between the two countries in the wake of the Salala attack which killed 24 soldiers. Well-placed sources told Business Recorder here on M
Published 13 Mar, 2012 12:00am
Suspected sectarian attack kills two

Suspected sectarian attack kills two

A remote-controlled bomb ripped through a passenger van in Kurram on Monday, killing two people and wounding 14 others in a suspected sectarian attack, officials said. The vehicle was on its way from Peshawar to Parachinar when the bomb exploded near Sadd
Published 13 Mar, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Suspected sectarian attack kills two

Suspected sectarian attack kills two

A remote-controlled bomb ripped through a passenger van in Kurram on Monday, killing two people and wounding 14 others in a suspected sectarian attack, officials said. The vehicle was on its way from Peshawar to Parachinar when the bomb exploded near Sadd
Published 13 Mar, 2012 12:00am
Three industrial raw materials from India: ECC likely to relax rules

Three industrial raw materials from India: ECC likely to relax rules

Economic Co-ordination Committee (ECC) of the Cabinet is likely to relax rules for import of three industrial raw materials to be imported from India on one time basis, official sources in Commerce Ministry told the Business Recorder. Giving the ba
Published 13 Mar, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 12, 2012).

Published 13 Mar, 2012 12:00am
Three industrial raw materials from India: ECC likely to relax rules

Three industrial raw materials from India: ECC likely to relax rules

Economic Co-ordination Committee (ECC) of the Cabinet is likely to relax rules for import of three industrial raw materials to be imported from India on one time basis, official sources in Commerce Ministry told the Business Recorder. Giving the ba
Published 13 Mar, 2012 12:00am
Three industrial raw materials from India: ECC likely to relax rules

Three industrial raw materials from India: ECC likely to relax rules

Economic Co-ordination Committee (ECC) of the Cabinet is likely to relax rules for import of three industrial raw materials to be imported from India on one time basis, official sources in Commerce Ministry told the Business Recorder. Giving the ba
Published 13 Mar, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (March 12, 2012) and for Tuesday (March 13, 2012).
Published 13 Mar, 2012 12:00am
Police arrest accused involved in Talha Bugti murder

Police arrest accused involved in Talha Bugti murder

Anti-Violent Crime Cell (AVCC) on Monday claimed to have arrested a person, who was allegedly involved in the murder of Akbar Bugti's grandson. According to AVCC officials, an AVCC team on a tip-off conducted raid in Defence area and apprehended Mushtaq B
Published 13 Mar, 2012 12:00am
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