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Archive - 2012-04-18
US vows to punish Afghan photo culprits
Top News

US vows to punish Afghan photo culprits

WASHINGTON: The United States has strongly condemned photographs of soldiers posing with the mangled remains of Taliban
Published 18 Apr, 2012 09:51pm
Italy slashes 2012 growth forecast
Top News

Italy slashes 2012 growth forecast

ROME: Italy on Wednesday said its recession would deepen in 2012 with the economy shrinking 1.2 percent and delayed a ta
Published 18 Apr, 2012 08:33pm
Kayani urges less spending on defence
Top News

Kayani urges less spending on defence

SKARDU: Chief of the Army Staff (COAS) General Ashfaq Kayani Wednesday said he would like to see the country spend less
Published 18 Apr, 2012 03:12pm
Gold slips to Rs 48,642
Markets

Gold slips to Rs 48,642

KARACHI: Gold slipped by Rs 215 to Rs 48,642 per 10 grams in the local market Wednesday as its international price dropp
Published 18 Apr, 2012 03:01pm
ISE-10 gains 36 points
Markets

ISE-10 gains 36 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index was up by 35.79 poin
Published 18 Apr, 2012 03:00pm
EU ambassadors visit Swat
Top News

EU ambassadors visit Swat

PESHAWAR: A 17-member delegation of European Union (EU) ambassadors Wednesday visited archaeological and tourists sites
Published 18 Apr, 2012 01:42pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI: Bullish trend was witnessed at the Karachi Stock Exchange (KSE) on Wednesday and the benchmark KSE-100 index su
Published 18 Apr, 2012 12:30pm
North Korea rejects UN condemnation
Top News

North Korea rejects UN condemnation

SEOUL: North Korea on Tuesday rejected the United Nations' condemnation of its rocket launch and vowed to continue to tr
Published 18 Apr, 2012 08:00am
North Korea vows retaliation over rocket
Top News

North Korea vows retaliation over rocket

SEOUL: North Korea has warned of retaliation after the US scrapped food aid over its rocket launch, raising fears of a n
Published 18 Apr, 2012 07:59am
NATO allies to discuss Afghan withdrawal
Top News

NATO allies to discuss Afghan withdrawal

BRUSSELS: NATO ministers gather for two days of talks on Wednesday expected to focus on their withdrawal from Afghanista
Published 18 Apr, 2012 05:56am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Wednesday until 12:30 P.M., KSE-100 Index remained positive since market opening and was at 13,846.15 with a
Published 18 Apr, 2012 05:55am
Tokyo stocks open up 1.37pc
Financial

Tokyo stocks open up 1.37pc

TOKYO: Tokyo stocks opened 1.37 percent higher on Wednesday after overnight surges on overseas markets. The Nikkei 225
Published 18 Apr, 2012 05:52am
Oil prices mixed in Asian trade
Energy

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade on Wednesday as concerns over Europe's sovereign debt crisis continue to
Published 18 Apr, 2012 05:42am
Nestlé Pakistan Limited
BR Research

Nestlé Pakistan Limited

Nestlé Pakistan seems to be doing well in 2012. The Companys financials for the first quarter ended March 31, 2012 show that the foods giant
Published 18 Apr, 2012 12:00am
Meezan Bank prospering
BR Research

Meezan Bank prospering

The countrys largest Islamic bank, Meezan Bank limited (MEBL), recorded a hefty growth in its bottomline during 1QCY12. Supported by signifi
Published 18 Apr, 2012 12:00am
SABIC helps Saudi index rebound; poll woes weigh on Egypt

SABIC helps Saudi index rebound; poll woes weigh on Egypt

Bellwether Saudi Basic Industries Corp (SABIC) made its largest daily gain in nearly 11 months on Tuesday after its earnings beat forecasts, helping lift the bourse from seven-week lows, while Egyptian shares fell on election uncertainty SABIC jumped 4.3
Published 18 Apr, 2012 12:00am
Eurozone inflation obstinately shows no signs of easing

Eurozone inflation obstinately shows no signs of easing

The EU's statistics agency revised upwards its March inflation reading for the euro zone on Tuesday, adding to the case for the European Central Bank to hold back from further monetary stimulus. Costlier oil pushed consumer prices higher. Prices in the 17
Published 18 Apr, 2012 12:00am
Britain has vast shale gas reserves

Britain has vast shale gas reserves

Britain may have enough offshore shale gas to catapult it into the top ranks of global producers, energy experts now believe, and while production costs are still very high, new US technology should eventually make reserves commercially viable. UK offshor
Published 18 Apr, 2012 12:00am
UK inflation rises

UK inflation rises

British inflation rose in March for the first time in six months, blunting the Bank of England's appetite for injecting more cash into the struggling economy and piling further pressure on the government after a heavily criticised budget. The central bank
Published 18 Apr, 2012 12:00am
Spain's sick economy sees debt costs jump

Spain's sick economy sees debt costs jump

Spain must be ready for further tax rises to rein in its budget, its central bank governor said on Tuesday, after its debt costs leapt on sliding confidence in the euro zone's fourth biggest economy. Two senior European figures joined a chorus of official
Published 18 Apr, 2012 12:00am
Incensed Spain threatens Argentina after YPF seizure

Incensed Spain threatens Argentina after YPF seizure

An incensed Spain threatened swift economic retaliation against Argentina on Tuesday after it announced plans to seize YPF, the South American nation's biggest oil company, in a move which pushed down shares in Spanish energy giant Repsol, the controlling
Published 18 Apr, 2012 12:00am
Stung by gas prices, Obama seeks new oil market crackdown

Stung by gas prices, Obama seeks new oil market crackdown

US President Barack Obama, whose political fortunes are threatened by rising gasoline prices, proposed new measures on Tuesday to reduce oil market manipulation that are unlikely to get support from a divided Congress. Obama called on lawmakers to raise c
Published 18 Apr, 2012 12:00am
Bank of America puts non-US wealth unit up for sale

Bank of America puts non-US wealth unit up for sale

Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business. Bank of America is the world's largest
Published 18 Apr, 2012 12:00am
US factory output decline suggests economy losing steam

US factory output decline suggests economy losing steam

Output at US factories slipped in March and builders started construction on fewer homes, offering cautionary signals for an economy that appeared to be gaining traction. Manufacturing output slipped for the first time in four months, dropping 0.2 percent
Published 18 Apr, 2012 12:00am
Goldman beats Street but dials back risk

Goldman beats Street but dials back risk

Goldman Sachs Group Inc surprised Wall Street on Tuesday, reporting better-than-expected profit and dialing back risk-taking in ways that are uncharacteristic for the traditionally aggressive investment bank. In fixed income, currency and commodities trad
Published 18 Apr, 2012 12:00am
UAE's Mubadala in $1 billion outsourcing deal with Boeing

UAE's Mubadala in $1 billion outsourcing deal with Boeing

Abu Dhabi fund Mubadala's aerospace division unveiled a $1 billion contract to build carbon-composite structures for Boeing, boosting the United Arab Emirates' efforts to become a key manufacturer for the aerospace industry. The 10 year deal calls for the
Published 18 Apr, 2012 12:00am
UAE's Mubadala in $1 billion outsourcing deal with Boeing

UAE's Mubadala in $1 billion outsourcing deal with Boeing

Abu Dhabi fund Mubadala's aerospace division unveiled a $1 billion contract to build carbon-composite structures for Boeing, boosting the United Arab Emirates' efforts to become a key manufacturer for the aerospace industry. The 10 year deal calls for the
Published 18 Apr, 2012 12:00am
Europe's top companies shunning expansion to hoard cash

Europe's top companies shunning expansion to hoard cash

Treasurers of Europe's top companies are showing few signs of loosening their grip on billions of euros in cash hoards which could be key to the region's economic recovery. "It's still a fairly risky environment overall... Treasurers still want to hold on
Published 18 Apr, 2012 12:00am
Coke posts higher results

Coke posts higher results

Coca-Cola Co posted higher-than-expected quarterly results after the world's largest soft drink maker sold more beverages, even in developed markets with economic challenges, fuelling hopes that conditions are improving.
Published 18 Apr, 2012 12:00am
Coke posts higher results

Coke posts higher results

Coca-Cola Co posted higher-than-expected quarterly results after the world's largest soft drink maker sold more beverages, even in developed markets with economic challenges, fuelling hopes that conditions are improving.
Published 18 Apr, 2012 12:00am
Bangladesh exports to EU jumps

Bangladesh exports to EU jumps

Bangladesh's annual exports to the European Union (EU) jumped about 5 percent to more than $11 billion in 2011, mainly due to the relaxation of rules of origin by the importing nations, a statement from the European Commission in Dhaka said on Tuesday.
Published 18 Apr, 2012 12:00am
Canadian canola futures slip

Canadian canola futures slip

ICE Canadian canola futures slipped on Monday, touching a one-week low, as investors took profits with US grains falling, traders said. Canola hit contract highs last week and some pullback is likely ahead of the April 24 Statistics Canada planting intent
Published 18 Apr, 2012 12:00am
Spot rate sharply higher amid tight supply on cotton market

Spot rate sharply higher amid tight supply on cotton market

Official spot rate was sharply up on the cotton market amid tight supplies due to fall in cotton arrivals and news of late sowing, dealers said. Official spot rate was raised by the Karachi Cotton Association (KCA) by Rs 100 at Rs 5800, they added.
Published 18 Apr, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 145,904 tonnes of cargo comprising1 83,328 tonnes of import cargo and 62,576 tonnes of export cargo including 5,437 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 83,328 to
Published 18 Apr, 2012 12:00am
Vietnamese coffee exports down, discounts stable

Vietnamese coffee exports down, discounts stable

Weak coffee prices discouraged Vietnamese farmers from selling in the past week and slowed exports which have been declining since rising to a 13-month high in February, traders and official data said. March's actual coffee export volumes dropped 7.3 perc
Published 18 Apr, 2012 12:00am
Spain sees 2012 winter grain harvest down 24.6 percent

Spain sees 2012 winter grain harvest down 24.6 percent

Spanish farmers may harvest 24.6 percent less winter grain this year than they did in 2011, the Agriculture Ministry said on Tuesday, which may substantially increase grain imports in the 2012/13 market year. Even when Spain has a bumper crop, it needs to
Published 18 Apr, 2012 12:00am
EU 2012 rapeseed crop will fall to 18.48 million tonnes: Oil World

EU 2012 rapeseed crop will fall to 18.48 million tonnes: Oil World

The European Union's 2012 rapeseed crop will fall to a 5-year-low of 18.48 million tonnes from 19.1 million tonnes in 2011 with crops in several countries suffering from the especially cold winter, Hamburg-based oilseeds analysts Oil World said on Tuesday
Published 18 Apr, 2012 12:00am
FOB Gulf corn export premiums steady

FOB Gulf corn export premiums steady

Corn export premiums at the US Gulf Coast held mostly steady on Monday, underpinned by tight spot supplies in the export pipeline and good demand prospects after futures hit a two-week low, traders said. Lower prices expected to attract renewed buying int
Published 18 Apr, 2012 12:00am
Oil World cuts Argentine, Brazil soya crop estimates

Oil World cuts Argentine, Brazil soya crop estimates

Hamburg-based oilseeds analyst Oil World said on Tuesday it had cut its forecast of Argentina's 2012 soyabean crop by 1.0 million tonnes and that of Brazil by 0.5 million tonnes after drought damaged harvests. Oil World now forecasts Argentina's 2012 soya
Published 18 Apr, 2012 12:00am
Ivory Coast cocoa little changed, buying sluggish

Ivory Coast cocoa little changed, buying sluggish

Farmgate cocoa prices in Ivory Coast's main growing regions were little changed last week as concerns over quality led to sluggish buying, despite the official start of the mid-crop, farmers and buyers said on Tuesday. A dry spell lasting from November 20
Published 18 Apr, 2012 12:00am
HRW wheat bids steady

HRW wheat bids steady

Spot basis bids for hard red winter wheat held steady Tuesday as good domestic demand underpinned the market. Protein premiums for rail car wheat to and through Kansas City were 2 cents higher for 12.00 percent protein and 12.20-pro wheat. Substitution fo
Published 18 Apr, 2012 12:00am
Message from Chief Executive, TOTAL Communication

Message from Chief Executive, TOTAL Communication

It has been an annual ritual now and always seems just yesterday when the 9th e-banking conference was held last year. By the Grace of Almighty Allah, Total Communications has today completed its 10th year of e-Banking Conference & Exhibition.
Published 18 Apr, 2012 12:00am
Message from Chief Executive Officer, Innovative (Private) Limited

Message from Chief Executive Officer, Innovative (Private) Limited

In challenging business environment, banks in Pakistan continue to perform well and have come a long way in teh realm of automation and eBanking in teh last 10 years. The eBanking Conference platform has been an industry roundabout for this purpose where
Published 18 Apr, 2012 12:00am
Message from CEO Euronet Pakistan

Message from CEO Euronet Pakistan

I am very delighted to represent Euronet at Pakistan's premier Euronet E-Banking conference and exhibition. In its 10th year, Euronet E-Banking presents an excellent opportunity for the entire industry to sit together and share the successes, the experien
Published 18 Apr, 2012 12:00am
Message from Chief Executive Officer, 1Link Guarantee Limited

Message from Chief Executive Officer, 1Link Guarantee Limited

Faisal Ejaz Khan brings with him rich experience of Financial Services Industry. He has held responsibilities in Private Banking, Corporate Banking and Banking Operations during his past roles in Emirates Bank International PJSC, SME Bank Limited, MCB Ban
Published 18 Apr, 2012 12:00am
Prepaid Cards: The evolving landscape of the cards business

Prepaid Cards: The evolving landscape of the cards business

The evolution of cards today is primarily depended on the shift in the spending behaviour of consumers around the world. Electronic cards issued by financial institutes provide a convenient instrument to do quick payment transactions. However, the banks t
Published 18 Apr, 2012 12:00am
Customer Interaction Management - the human face of channel banking

Customer Interaction Management - the human face of channel banking

In everyday interactions with customers-phone, email, self-service, chat, and even social media-there are huge opportunities to dramatically reduce costs, make customers happier, and outpace competitors. The hard part is making sense of what's happening a
Published 18 Apr, 2012 12:00am
Mobility and Banking

Mobility and Banking

Pakistan is a country with a very low percentage of people having access to basic financial services. We are undoubtedly a cash led economy. One of the key objectives of SBP is to work towards financial inclusion of masses and consequently to improve the
Published 18 Apr, 2012 12:00am
1LINK: Our portfolio reflects our expanding possibilities!

1LINK: Our portfolio reflects our expanding possibilities!

1LINK is owned by the Pakistan's financial institutions which is the largest interbank payment network service provider in Pakistan. 1LINK has become widely acknowledged service provider with an increasing number of member banks. The company is serving as
Published 18 Apr, 2012 12:00am
Euronet Pakistan Private Limited: Ebankw

Euronet Pakistan Private Limited: Ebankw

Euronet Pakistan, a subsidiary of Euronet World-wide brings with it the experience of the world's largest global provider dedicated to banking and payments technologies. Euronet Pakistan is poised to offer the best blend of technology and outsourcing serv
Published 18 Apr, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 18 Apr, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 18 Apr, 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 (April 17, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Published 18 Apr, 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 18 Apr, 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 (April 17, 2012).

Published 18 Apr, 2012 12:00am
India slashes rates; sees little room for more

India slashes rates; sees little room for more

India's first interest rate cut in three years may be its last for a while. The central bank cut rates on Tuesday by an unexpectedly sharp 50 basis points to boost the sagging economy, but warned there was limited scope for more cuts, with inflation likel
Published 18 Apr, 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 (April 17, 2012).

Published 18 Apr, 2012 12:00am
India slashes rates; sees little room for more

India slashes rates; sees little room for more

India's first interest rate cut in three years may be its last for a while. The central bank cut rates on Tuesday by an unexpectedly sharp 50 basis points to boost the sagging economy, but warned there was limited scope for more cuts, with inflation likel
Published 18 Apr, 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 (April 17, 2012).

Published 18 Apr, 2012 12:00am
India slashes rates; sees little room for more

India slashes rates; sees little room for more

India''s first interest rate cut in three years may be its last for a while. The central bank cut rates on Tuesday by an unexpectedly sharp 50 basis points to boost the sagging economy, but warned there was limited scope for more cuts, with inflation like
Published 18 Apr, 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 (April 17, 2012).

Published 18 Apr, 2012 12:00am
Youm-e-Dua on Friday: no compromise on nuclear programme: DCC

Youm-e-Dua on Friday: no compromise on nuclear programme: DCC

A meeting of the Defence Committee of the Cabinet (DCC) on Tuesday decided that a work plan could be developed for effective implementation of the Parliamentary guidelines based on Pakistan's national interests.
Published 18 Apr, 2012 12:00am
Youm-e-Dua on Friday: no compromise on nuclear programme: DCC

Youm-e-Dua on Friday: no compromise on nuclear programme: DCC

A meeting of the Defence Committee of the Cabinet (DCC) on Tuesday decided that a work plan could be developed for effective implementation of the Parliamentary guidelines based on Pakistan's national interests.
Published 18 Apr, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 17, 2012).
Published 18 Apr, 2012 12:00am
World economy faces 'uneasy calm': IMF

World economy faces 'uneasy calm': IMF

Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain elevated and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the euro-zone sovereign d
Published 18 Apr, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 17, 2012).

Published 18 Apr, 2012 12:00am
World economy faces 'uneasy calm': IMF

World economy faces 'uneasy calm': IMF

Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain elevated and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the euro-zone sovereign d
Published 18 Apr, 2012 12:00am
World economy faces ''uneasy calm'': IMF

World economy faces ''uneasy calm'': IMF

Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain elevated and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the euro-zone sovereign d
Published 18 Apr, 2012 12:00am
World economy faces ''''uneasy calm'''': IMF

World economy faces ''''uneasy calm'''': IMF

Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain elevated and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the euro-zone sovereign d
Published 18 Apr, 2012 12:00am
Japan vows $60 billion to boost IMF firepower

Japan vows $60 billion to boost IMF firepower

Japan said on Tuesday it will provide $60 billion in loans to the International Monetary Fund, becoming the first non-European nation to commit money to boost the fund's financial firepower to contain the euro zone debt crisis. Finance Minister Jun Azumi
Published 18 Apr, 2012 12:00am
Japan vows $60 billion to boost IMF firepower

Japan vows $60 billion to boost IMF firepower

Japan said on Tuesday it will provide $60 billion in loans to the International Monetary Fund, becoming the first non-European nation to commit money to boost the fund's financial firepower to contain the euro zone debt crisis. Finance Minister Jun Azumi
Published 18 Apr, 2012 12:00am
Japan vows $60 billion to boost IMF firepower

Japan vows $60 billion to boost IMF firepower

Japan said on Tuesday it will provide $60 billion in loans to the International Monetary Fund, becoming the first non-European nation to commit money to boost the fund''s financial firepower to contain the euro zone debt crisis. Finance Minister Jun Azumi
Published 18 Apr, 2012 12:00am
KSE index sheds 6.49 points

KSE index sheds 6.49 points

The KSE-100 index on Tuesday lost 6.49 points to close at its intra-day low level of 13,764.22 points due to profit-taking in late hours. The market opened on strong positive note and the index hit 13,893.81 points intra-day high level on the back of acro
Published 18 Apr, 2012 12:00am
KSE index sheds 6.49 points

KSE index sheds 6.49 points

The KSE-100 index on Tuesday lost 6.49 points to close at its intra-day low level of 13,764.22 points due to profit-taking in late hours. The market opened on strong positive note and the index hit 13,893.81 points intra-day high level on the back of acro
Published 18 Apr, 2012 12:00am
KSE index sheds 6.49 points

KSE index sheds 6.49 points

The KSE-100 index on Tuesday lost 6.49 points to close at its intra-day low level of 13,764.22 points due to profit-taking in late hours. The market opened on strong positive note and the index hit 13,893.81 points intra-day high level on the back of acro
Published 18 Apr, 2012 12:00am
BRIndex30 sinks 112.17 points

BRIndex30 sinks 112.17 points

On Tuesday, BRIndex30 opened at 10,314.34. It touched an intraday high of 10,441.52 and an intraday low of 10,187.94 and closed at 10,202.17 which was -112.17 points or -1.09 percent lower than previous close. Total volume was 222,882,956, which was 82.94
Published 18 Apr, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (April 17, 2012).

Published 18 Apr, 2012 12:00am
BRIndex30 sinks 112.17 points

BRIndex30 sinks 112.17 points

On Tuesday, BRIndex30 opened at 10,314.34. It touched an intraday high of 10,441.52 and an intraday low of 10,187.94 and closed at 10,202.17 which was -112.17 points or -1.09 percent lower than previous close. Total volume was 222,882,956, which was 82.94
Published 18 Apr, 2012 12:00am
European Commission backs Swiss deals to fight tax evasion

European Commission backs Swiss deals to fight tax evasion

The European Commission gave its blessing on Tuesday to agreements reached with Switzerland that will allow Germany and Britain to pursue tax evaders. Switzerland, bowing to pressure to loosen the bank secrecy rules that helped it build its $2 trillion fi
Published 18 Apr, 2012 12:00am
European Commission backs Swiss deals to fight tax evasion

European Commission backs Swiss deals to fight tax evasion

The European Commission gave its blessing on Tuesday to agreements reached with Switzerland that will allow Germany and Britain to pursue tax evaders. Switzerland, bowing to pressure to loosen the bank secrecy rules that helped it build its $2 trillion fi
Published 18 Apr, 2012 12:00am
European Commission backs Swiss deals to fight tax evasion

European Commission backs Swiss deals to fight tax evasion

The European Commission gave its blessing on Tuesday to agreements reached with Switzerland that will allow Germany and Britain to pursue tax evaders. Switzerland, bowing to pressure to loosen the bank secrecy rules that helped it build its $2 trillion fi
Published 18 Apr, 2012 12:00am
Foreign investment declines by 65 percent

Foreign investment declines by 65 percent

Net foreign investment in Pakistan has fallen by 65 percent to 516 million dollars in the first nine months of the current fiscal year owing to energy crisis, unclear economic policies and a serious law and order situation in the country.
Published 18 Apr, 2012 12:00am
Foreign investment declines by 65 percent

Foreign investment declines by 65 percent

Net foreign investment in Pakistan has fallen by 65 percent to 516 million dollars in the first nine months of the current fiscal year owing to energy crisis, unclear economic policies and a serious law and order situation in the country.
Published 18 Apr, 2012 12:00am
Foreign investment declines by 65 percent

Foreign investment declines by 65 percent

Net foreign investment in Pakistan has fallen by 65 percent to 516 million dollars in the first nine months of the current fiscal year owing to energy crisis, unclear economic policies and a serious law and order situation in the country.
Published 18 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (April 17, 2012).

Published 18 Apr, 2012 12:00am
Government borrowing witnesses record level of Rs one trillion

Government borrowing witnesses record level of Rs one trillion

The Federal Government's borrowing for budgetary support has witnessed a huge growth of 110 percent to a new record level of one trillion rupees because of slow foreign inflows, rising fiscal deficit and less than expected revenue collection.
Published 18 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (April 17, 2012).

Published 18 Apr, 2012 12:00am
Government borrowing witnesses record level of Rs one trillion

Government borrowing witnesses record level of Rs one trillion

The Federal Government's borrowing for budgetary support has witnessed a huge growth of 110 percent to a new record level of one trillion rupees because of slow foreign inflows, rising fiscal deficit and less than expected revenue collection.
Published 18 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (April 17, 2012).

Published 18 Apr, 2012 12:00am
Government borrowing witnesses record level of Rs one trillion

Government borrowing witnesses record level of Rs one trillion

The Federal Government''s borrowing for budgetary support has witnessed a huge growth of 110 percent to a new record level of one trillion rupees because of slow foreign inflows, rising fiscal deficit and less than expected revenue collection.
Published 18 Apr, 2012 12:00am
Government borrowing witnesses record level of Rs one trillion

Government borrowing witnesses record level of Rs one trillion

The Federal Government''''s borrowing for budgetary support has witnessed a huge growth of 110 percent to a new record level of one trillion rupees because of slow foreign inflows, rising fiscal deficit and less than expected revenue collection.
Published 18 Apr, 2012 12:00am
Provinces: fiscal year 2013 budgets estimated at Rs 1.668 trillion

Provinces: fiscal year 2013 budgets estimated at Rs 1.668 trillion

Provincial budgets for 2012-13 have been estimated at Rs 1.668 trillion against Rs 1.286 trillion for the outgoing fiscal year, it has been learnt. Sources said that transfers to provinces from the divisible pool were estimated at Rs 1.503 trillion for th
Published 18 Apr, 2012 12:00am
Provinces: fiscal year 2013 budgets estimated at Rs 1.668 trillion

Provinces: fiscal year 2013 budgets estimated at Rs 1.668 trillion

Provincial budgets for 2012-13 have been estimated at Rs 1.668 trillion against Rs 1.286 trillion for the outgoing fiscal year, it has been learnt. Sources said that transfers to provinces from the divisible pool were estimated at Rs 1.503 trillion for th
Published 18 Apr, 2012 12:00am
Provinces: fiscal year 2013 budgets estimated at Rs 1.668 trillion

Provinces: fiscal year 2013 budgets estimated at Rs 1.668 trillion

Provincial budgets for 2012-13 have been estimated at Rs 1.668 trillion against Rs 1.286 trillion for the outgoing fiscal year, it has been learnt. Sources said that transfers to provinces from the divisible pool were estimated at Rs 1.503 trillion for th
Published 18 Apr, 2012 12:00am
Wheat production target likely to be missed

Wheat production target likely to be missed

Pakistan is likely to miss wheat production target of 25 million tons set for the current fiscal year 2011-12. It is likely to produce 24.03 million tons. "According to satellite based wheat crop estimates, for Rabi season 2011-12 released by Pakistan Spa
Published 18 Apr, 2012 12:00am
Wheat production target likely to be missed

Wheat production target likely to be missed

Pakistan is likely to miss wheat production target of 25 million tons set for the current fiscal year 2011-12. It is likely to produce 24.03 million tons. "According to satellite based wheat crop estimates, for Rabi season 2011-12 released by Pakistan Spa
Published 18 Apr, 2012 12:00am
Wheat production target likely to be missed

Wheat production target likely to be missed

Pakistan is likely to miss wheat production target of 25 million tons set for the current fiscal year 2011-12. It is likely to produce 24.03 million tons. "According to satellite based wheat crop estimates, for Rabi season 2011-12 released by Pakistan Spa
Published 18 Apr, 2012 12:00am
Three missing persons return home, Supreme Court told

Three missing persons return home, Supreme Court told

The Supreme Court was informed on Tuesday that three missing persons had returned home from the custody of their unknown abductors. A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry in its order said the court was of the view that wi
Published 18 Apr, 2012 12:00am
Three missing persons return home, Supreme Court told

Three missing persons return home, Supreme Court told

The Supreme Court was informed on Tuesday that three missing persons had returned home from the custody of their unknown abductors. A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry in its order said the court was of the view that wi
Published 18 Apr, 2012 12:00am
Aitzaz asked to conclude arguments by tomorrow

Aitzaz asked to conclude arguments by tomorrow

The Supreme Court Tuesday told Aitzaz Ahsan, the counsel for Prime Minister Syed Yousuf Raza Gilani, to conclude his arguments by Thursday, saying that a period of 10 days was sufficient to discuss Article 10(a) of Constitution - an argument he'd been adv
Published 18 Apr, 2012 12:00am
Aitzaz asked to conclude arguments by tomorrow

Aitzaz asked to conclude arguments by tomorrow

The Supreme Court Tuesday told Aitzaz Ahsan, the counsel for Prime Minister Syed Yousuf Raza Gilani, to conclude his arguments by Thursday, saying that a period of 10 days was sufficient to discuss Article 10(a) of Constitution - an argument he'd been adv
Published 18 Apr, 2012 12:00am
Lashkari Raisani vacates Senate seat, quits PPP

Lashkari Raisani vacates Senate seat, quits PPP

Pakistan People's Party (PPP) faced a serious setback after its Senator from Balochistan, Nawabzada Mir Lashkari Raisani on Tuesday not only resigned from his seat in the upper house of parliament but also quit the party, it is learnt. According to the so
Published 18 Apr, 2012 12:00am
Lashkari Raisani vacates Senate seat, quits PPP

Lashkari Raisani vacates Senate seat, quits PPP

Pakistan People's Party (PPP) faced a serious setback after its Senator from Balochistan, Nawabzada Mir Lashkari Raisani on Tuesday not only resigned from his seat in the upper house of parliament but also quit the party, it is learnt. According to the so
Published 18 Apr, 2012 12:00am
Tharparkar may have gold reserves also

Tharparkar may have gold reserves also

After huge coal deposits, Tharparkar district may get the distinction of having gold reserves. A private company has completed reconnaissance and applied for gold exploration license, informed sources told Business Recorder here on Tuesday. M/s Zav
Published 18 Apr, 2012 12:00am
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