News Archives for Print - 2009-04-06

Asia forking out on defence despite slowdown: experts

Increased military spending by China and India is forcing other Asia-Pacific countries to modernise their armed forces despite the severe impact of the global financial crisis, experts say.

Published 06 Apr, 2009 12:00am

Hong Kong watchdog slams brokerage in minibond scandal

Hong Kongs securities watchdog has reprimanded a major brokerage for misselling controversial financial products backed by failed US giant Lehman Brothers, a spokesman said Sunday.

Published 06 Apr, 2009 12:00am

Hong Kong watchdog slams brokerage in minibond scandal

Hong Kongs securities watchdog has reprimanded a major brokerage for misselling controversial financial products backed by failed US giant Lehman Brothers, a spokesman said Sunday.

Published 06 Apr, 2009 12:00am

China Vanke eyes 10 percent rise in 2009 sales

China Vanke Co, the countrys biggest listed real estate developer, hopes to increase its sales volumes this year by about 10 percent as the housing market pulls out a deep slump. In an interview with Reuters over the weekend, Executive Vice President Shir

Published 06 Apr, 2009 12:00am

China Vanke eyes 10 percent rise in 2009 sales

China Vanke Co, the countrys biggest listed real estate developer, hopes to increase its sales volumes this year by about 10 percent as the housing market pulls out a deep slump. In an interview with Reuters over the weekend, Executive Vice President Shir

Published 06 Apr, 2009 12:00am

HSBC gets 96.6 percent demand for $19 billion rights issue

HSBC investors bought 96.6 percent of the shares offered in its record 12.9 billion pound ($18.9 billion) rights issue, Europes biggest bank said on Sunday. HSBC said it had sold 4.89 billion shares with existing shareholders and expects to sell the 172.7

Published 06 Apr, 2009 12:00am

Spains Inditex turns sight on India as part of push into Asia

Spains Inditex, Europes largest clothing retailer, plans to start opening stores of its flagship Zara brand in India next year as part of its aggressive expansion into the fast-growing Asian market.

Published 06 Apr, 2009 12:00am

SNB says more covered bond deals likely

More covered bond deals are likely as the Swiss National Bank seeks to balance liquidity within the countrys banking system, SNB board member Thomas Jordan was quoted on Sunday as saying.

Published 06 Apr, 2009 12:00am

HSBC gets 96.6 percent demand for $19 billion rights issue

HSBC investors bought 96.6 percent of the shares offered in its record 12.9 billion pound ($18.9 billion) rights issue, Europes biggest bank said on Sunday. HSBC said it had sold 4.89 billion shares with existing shareholders and expects to sell the 172.7

Published 06 Apr, 2009 12:00am

SNB says more covered bond deals likely

More covered bond deals are likely as the Swiss National Bank seeks to balance liquidity within the countrys banking system, SNB board member Thomas Jordan was quoted on Sunday as saying.

Published 06 Apr, 2009 12:00am

Taiwan slash jobs for foreign workers

Taiwan has cut the number of foreign workers and maids working on the island by 24,000 since November, as a result of the global economic slowdown, it was reported Sunday. As of February, there were 349,000 foreign workers and maids in Taiwan, largely fro

Published 06 Apr, 2009 12:00am

Swiss bank UBS stops staff seeing clients abroad

Switzerlands embattled bank UBS has banned wealth management advisors from making business trips abroad to see foreign clients, a spokeswoman for the bank said Sunday. Swiss media reported that about 1,000 UBS staff were ordered in the past week to rely o

Published 06 Apr, 2009 12:00am

Brown to call in banks on imposing G20 rules

Prime Minister Gordon Brown said on Sunday he would be calling in the heads of British banks to discuss how new international rules on supervision of tax havens agreed at the G20 will be implemented. He said this process would start on Monday with an init

Published 06 Apr, 2009 12:00am

Israels cabinet okays plan to approve two-year budget

Israels cabinet on Sunday unanimously approved a plan that would lead to parliamentary passage of state budgets for both 2009 and 2010 within the next 106 days. Lawmakers will begin debate on the budget on Monday, the Finance Ministry said in a statement.

Published 06 Apr, 2009 12:00am

Recession worse than we thought: British foreign minister

Britains recession is worse than the government expected and the economy is unlikely to return to growth at least until the end of the year, finance minister Alistair Darling said Sunday. Darling will revise his economic forecasts lower when he presents B

Published 06 Apr, 2009 12:00am

Chateau Latour sells for $62,000 at auction

A six-litre bottle of 1961 Chateau Latour fetched 62,000 US dollars at Sothebys first wine auction in Hong Kong, a spokesman said. The imperial bottle, the equivalent to eight regular bottles, sold for 484,000 Hong Kong dollars to a private Asian bidder a

Published 06 Apr, 2009 12:00am

Global crisis has silver lining for IMF

From the ashes of global prosperity the International Monetary Fund emerged this week as the bulwark against the economic crisis, its role and finances heavily bolstered by world leaders. The IMF was the main beneficiary at the Group of 20 London summit w

Published 06 Apr, 2009 12:00am

Dubai police accuse Chechen Vice-Prime Minister over Yamadayev murder

Dubai police on Sunday accused Chechen vice-prime minister Adam Delimkhanov of ordering the assassination of former Russian army commander from Chechnya Sulim Yamadayev. "Chechen Adam Delimkhanov is the man behind the operation of Selim Yamadayev," head o

Published 06 Apr, 2009 12:00am

Lebanon must reform economy, on "short leash": Prime Minister

Lebanons new government must send the right signals on economic reform regardless of who wins a June general election, Prime Minister Fouad Siniora said on Sunday, warning that the debt-laden state was "operating on a short leash".

Published 06 Apr, 2009 12:00am

Danish Prime Minister resigns, and a new Rasmussen takes over

Anders Fogh Rasmussen resigned as Denmarks prime minister on Sunday, handing over the reins to his namesake finance minister a day after he was named Natos next secretary general. Rasmussen, leader of a centre-right coalition since 2001, was on Saturday n

Published 06 Apr, 2009 12:00am

Macedonians vote, hoping to win EU and Nato embrace

Macedonians voted for a new president on Sunday in a ballot they hope will show they deserve to join the European Union and Nato. Once the poorest Yugoslav republic, Macedonia declared independence in 1992 and avoided the bloodshed of the 1990s when Bosni

Published 06 Apr, 2009 12:00am

Arrests in Egypt ahead of nationwide strike

Egyptian authorities have arrested 30 people and deployed extra police around the country as part of a security plan to prevent a nationwide strike planned for April 6. "Police have been given orders to arrest anyone taking part in demonstrations and extr

Published 06 Apr, 2009 12:00am

Chile volcano eruption revs up

Chiles Llaima volcano, one of South Americas most active, belched ash 4 miles (7 km) into the sky that was blown towards neighbouring Argentina in an intensifying eruption that prompted more evacuations.

Published 06 Apr, 2009 12:00am

Afghan president orders review of marital law

The Afghan president ordered a review of a new law that critics say makes it legal for men to rape their wives, responding to criticism from around the world that included sharp comments from President Barack Obama.

Published 06 Apr, 2009 12:00am

35 soldiers found in Vietnam War mass grave

Searchers discovered a mass grave of 35 North Vietnamese soldiers killed at a military airport during Vietnams 1968 Tet offensive, a military official said Sunday. The remains were discovered Saturday in a search of the former Vinh Long army airport, said

Published 06 Apr, 2009 12:00am

Irans Mousavi vows to push nuclear drive

Former Iranian prime minister Mir Hossein Mousavi, who is running for the presidency in the June election, said he will push ahead with the countrys controversial nuclear drive if elected.

Published 06 Apr, 2009 12:00am

Arabic inscriptions of Spains Alhambra decoded centuries later

For centuries visitors to the Alhambra fortress-palace in Granada, built by Spains medieval Moorish rulers, have wondered what the thousands of Arabic inscriptions that are carved into its walls and ceilings mean.

Published 06 Apr, 2009 12:00am

Aaj TV - Mondays schedule

All timings are in PST (Pakistan Standard Time).

Published 06 Apr, 2009 12:00am

Al Qaeda warns against re-election of Algerias Bouteflika

Al Qaeda has warned Algerians against re-electing "ferocious enemy" President Abdelaziz Bouteflika in Thursdays presidential vote, a US group which monitors Islamist websites said.

Published 06 Apr, 2009 12:00am

Tragedy strikes Zimbabwe Prime Ministers family again

Zimbabwe Prime Minister Morgan Tsvangirai has suffered another family tragedy shortly after taking office, with the death of his infant grandson, his spokesman said on Sunday. An official in Tsvangirais Movement for Democratic Change (MDC) said the two-ye

Published 06 Apr, 2009 12:00am

Cement: BESTWAY CEMENT COMPANY LIMITED - Analysis of Financial Statements Financial Year 2003 - H Year 2009

Bestway Cement Company Limited (BWCL) is a subsidiary of Bestway Group of United Kingdom. Bestway Cement was listed on Karachi Stock Exchange in February 2001. The company is a major manufacturer and seller of cement. It has a market share of 8% in the do

Published 06 Apr, 2009 12:00am

Cement: BESTWAY CEMENT COMPANY LIMITED - Analysis of Financial Statements Financial Year 2003 - H Year 2009

Bestway Cement Company Limited (BWCL) is a subsidiary of Bestway Group of United Kingdom. Bestway Cement was listed on Karachi Stock Exchange in February 2001. The company is a major manufacturer and seller of cement. It has a market share of 8% in the do

Published 06 Apr, 2009 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices.

Published 06 Apr, 2009 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices.

Published 06 Apr, 2009 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices.

Published 06 Apr, 2009 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2008)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 06 Apr, 2009 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 30 to April 04 2009).

Published 06 Apr, 2009 12:00am

The Weather

The weather report on Sunday (April 05, 2009) and the forecast for Monday (April 06, 2009).

Published 06 Apr, 2009 12:00am

Obama outlines sweeping goal of nuclear-free world

Declaring the future of mankind at stake, President Barack Obama said Sunday all nations must strive to rid the world of nuclear arms and that the US had a ``moral responsibility to lead as the only country ever to use one.

Published 06 Apr, 2009 12:00am

UN in emergency session over North Korea rocket launch

North Korea fired a long-range rocket on Sunday, provoking international outrage and sending the UN Security Council into an emergency meeting on how to react to Pyongyangs defiance.

Published 06 Apr, 2009 12:00am

15 rebels killed in Afghanistan

The US military said Sunday that its troops working with Afghan soldiers had killed 15 insurgents in operations in southern Afghanistan, where the extremist Taliban hold some ground. Fourteen of the men were killed in ground fighting and air strikes in Za

Published 06 Apr, 2009 12:00am

Obama outlines sweeping goal of nuclear-free world

Declaring the future of mankind at stake, President Barack Obama said Sunday all nations must strive to rid the world of nuclear arms and that the US had a ``moral responsibility to lead as the only country ever to use one.

Published 06 Apr, 2009 12:00am

UN in emergency session over North Korea rocket launch

North Korea fired a long-range rocket on Sunday, provoking international outrage and sending the UN Security Council into an emergency meeting on how to react to Pyongyangs defiance.

Published 06 Apr, 2009 12:00am

200 Mecca mosques face wrong direction

Muslim worshippers at about 200 old mosques in Mecca have been praying in the wrong direction for decades because the mosques were not built correctly, a Saudi newspaper said on Sunday. The mosques were not built precisely based on the Qibla, the official

Published 06 Apr, 2009 12:00am

Wealth management client advisors: UBS introduces world-wide travel ban

Switzerlands UBS, the worlds largest wealth management company in terms of assets, has issued a world-wide travel ban for wealth management client advisors, a spokeswoman said. "Last week, we issued a general travel ban for all staff with client contact i

Published 06 Apr, 2009 12:00am

Wealth management client advisors: UBS introduces world-wide travel ban

Switzerlands UBS, the worlds largest wealth management company in terms of assets, has issued a world-wide travel ban for wealth management client advisors, a spokeswoman said. "Last week, we issued a general travel ban for all staff with client contact i

Published 06 Apr, 2009 12:00am

Wealth management client advisors: UBS introduces world-wide travel ban

Switzerlands UBS, the worlds largest wealth management company in terms of assets, has issued a world-wide travel ban for wealth management client advisors, a spokeswoman said. "Last week, we issued a general travel ban for all staff with client contact i

Published 06 Apr, 2009 12:00am

US ready to force out bankers: Geithner

The US government stands ready to force out banking bosses and install new management if their companies have to return for more bailout money, Treasury Secretary Timothy Geithner said Sunday.

Published 06 Apr, 2009 12:00am

US ready to force out bankers: Geithner

The US government stands ready to force out banking bosses and install new management if their companies have to return for more bailout money, Treasury Secretary Timothy Geithner said Sunday.

Published 06 Apr, 2009 12:00am

US ready to force out bankers: Geithner

The US government stands ready to force out banking bosses and install new management if their companies have to return for more bailout money, Treasury Secretary Timothy Geithner said Sunday.

Published 06 Apr, 2009 12:00am

Holbrooke due today

The US special representative for Afghanistan and Pakistan Richard Holbrooke will reach Islamabad, here today (Monday) to have extensive consultation with top leadership of the country. The visit with reference to the newly evolved strategy of US towards

Published 06 Apr, 2009 12:00am

Holbrooke due today

The US special representative for Afghanistan and Pakistan Richard Holbrooke will reach Islamabad, here today (Monday) to have extensive consultation with top leadership of the country. The visit with reference to the newly evolved strategy of US towards

Published 06 Apr, 2009 12:00am

President and Prime Minister condemn Chakwal blast

President Asif Ali Zardari on Sunday strongly condemned the bomb blast at a religious gathering in Chakwal. The President deplored the attack and said such acts were being masterminded by people who were against the state and wanted to bring a bad name to

Published 06 Apr, 2009 12:00am

14 die after drinking tainted liquor in India

At least 14 people including two women were killed after drinking illegally brewed poisonous alcohol in Indias north-eastern state of Assam, a news report said Sunday. The deaths occurred in the Saboti area in the Lakhimpur district, some 400 kilometres e

Published 06 Apr, 2009 12:00am

Chakwal blast widely condemned

Chairman Senate Farooq H. Naek and Deputy Chairman Jan Mohammed Jamali on Sunday strongly condemned blast at Imam Bargah in Chakwal. In their messages, the Chairman and Deputy Chairman condoled with the families of the deceased personnel and sympathised w

Published 06 Apr, 2009 12:00am

Government committed to living up to public aspirations, says Gilani

Prime Minister Syed Yousuf Raza Gilani said on Sunday that the government was fully committed to live up to public aspirations and counter internal and external challenges effectively. The Prime Minister was talking to newsmen here at Utility Store, Shadm

Published 06 Apr, 2009 12:00am

Non-compliant assemblers, makers of motorcycles, rickshaws: FBR asks collectors to identify, recover duties

Federal Board of Revenue (FBR) has asked the collectors of customs to identify non-compliant assemblers and manufacturers of motorcycles and auto rickshaws, who failed to submit complete/reconciled input record to the Engineering Development Board (EDB) u

Published 06 Apr, 2009 12:00am

Auto imports remained under exchange restriction regime

Auto industry imports remained under an intensified exchange restriction regime, contrary to a condition of the IMF programme, however, during the first quarterly review the IMF team and the government agreed to remove several items from the intensified e

Published 06 Apr, 2009 12:00am

200 Mecca mosques face wrong direction

Muslim worshippers at about 200 old mosques in Mecca have been praying in the wrong direction for decades because the mosques were not built correctly, a Saudi newspaper said on Sunday. The mosques were not built precisely based on the Qibla, the official

Published 06 Apr, 2009 12:00am

John Solecki leaves for US

An American UN worker abducted more than two months ago headed home Sunday, a day after he turned up unharmed alongside a road in Mastung with his hands and feet bound and pleading "Help me, help me."

Published 06 Apr, 2009 12:00am

Altaf for trial of persons involved in girls flogging

Muttahida Qaumi Movement (MQM), Chief Altaf Hussain has called upon the government to try the persons involved in flogging a young girl publicly in Swat before the court. MQM Chief was addressing via telephone from London a gathering of women organised by

Published 06 Apr, 2009 12:00am

Naek hails release of Solecki

Chairman Senate Farooq H. Naek has hailed the release of John Solecki, a U.N official, in Mastung, Balochistan on Saturday. In a statement, he said the release was made possible because of the strenuous efforts of the government. He expressed the hope tha

Published 06 Apr, 2009 12:00am

US welcomes release

US welcomed the release of American United Nations worker John Solecki and deeply appreciated the efforts of the President Asif Ali Zardari, law enforcement personnel and the continuing support of the Ministry of Interior for their tireless efforts in obt

Published 06 Apr, 2009 12:00am

Mushahid urges government to convene APC on law and order

Stressing the need to root out the menace of terrorism, PML-Q Secretary General Mushahid Hussain Sayed has demanded of the government to immediately call an All Parties Conference (APC).

Published 06 Apr, 2009 12:00am

Chakwal suicide bombing condemned

The leader of Pakistan Muslim League-Nawaz (PML-N) Mian Muhammad Nawaz Sharif and Punjab Chief Minister, Mian Muhammad Shabaz Sharif have strongly condemned the incident of suicide bombing on Chakwal imambagah Sunday. Sources said that Nawaz and Sahahbaz

Published 06 Apr, 2009 12:00am

Obama arrives in Turkey

US President Barack Obama arrived in Turkey Sunday on the last stop of his maiden tour to Europe for a two-day visit aimed at revitalising ties with Washingtons long-standing, mainly Muslim ally. Air Force One touched down at Ankaras Esenboga airport arou

Published 06 Apr, 2009 12:00am

Muslims attack Christian-owned shops in Alexandria

Hundreds of Muslims pelted Christian-owned shops and a police station with stones in the Mediterranean port city of Alexandria on Sunday after a Muslim man was killed, an eyewitness said.

Published 06 Apr, 2009 12:00am

HRCP annual report today

The Human Rights Commission of Pakistan (HRCP) is launching its annual report State of Human Rights in Pakistan here on Monday at Lahore Press Club. This was revealed in a communication of HRCP receive here on Sunday.

Published 06 Apr, 2009 12:00am

Afghan president orders review of marital law

The Afghan president ordered a review of a new law that critics say makes it legal for men to rape their wives, responding to criticism from around the world that included sharp comments from President Barack Obama.

Published 06 Apr, 2009 12:00am

Suicide bomber kills 25 in Chakwal

A suicide bomber attacked a crowded Imamabargah in Chakwal on Sunday, killing 25 people and wounding dozens more in the latest carnage, officials said. Fedayeen al-Islam, a little-known group believed linked to the Taliban, claimed responsibility through

Published 06 Apr, 2009 12:00am

Nine Iraqi policemen killed by twin blast

Two simultaneous explosions killed nine policemen on Sunday in Anbar province west of Baghdad, police said. A police source told the German Press Agency dpa that the bombs ripped though a patrol in Faluja, 70 kilometres west of Baghdad, killing an officer

Published 06 Apr, 2009 12:00am

Suicide bomber kills 25 in Chakwal

A suicide bomber attacked a crowded Imamabargah in Chakwal on Sunday, killing 25 people and wounding dozens more in the latest carnage, officials said. Fedayeen al-Islam, a little-known group believed linked to the Taliban, claimed responsibility through

Published 06 Apr, 2009 12:00am

THE RUPEE: steep fall versus euro

The rupee resisted steep fall in relation to the dollar, however, it showed sharp erosion versus the euro during the week, ended on 4-4-2009. On the interbank market, the rupee shed 5 paisa in terms of the US currency for buying and selling at 80.55 and 8

Published 06 Apr, 2009 12:00am

THE RUPEE: steep fall versus euro

The rupee resisted steep fall in relation to the dollar, however, it showed sharp erosion versus the euro during the week, ended on 4-4-2009. On the interbank market, the rupee shed 5 paisa in terms of the US currency for buying and selling at 80.55 and 8

Published 06 Apr, 2009 12:00am

Proposed duty-free access: textile industry slams US conditions

Pakistani textile industry is, reportedly, deeply concerned about the conditions attached by the US to the proposed duty-free access of textiles to be limited to Reconstruction Opportunity Zones (ROZs) located at the border between Pakistan and Afghanista

Published 06 Apr, 2009 12:00am

Proposed duty-free access: textile industry slams US conditions

Pakistani textile industry is, reportedly, deeply concerned about the conditions attached by the US to the proposed duty-free access of textiles to be limited to Reconstruction Opportunity Zones (ROZs) located at the border between Pakistan and Afghanista

Published 06 Apr, 2009 12:00am

Proposed duty-free access: textile industry slams US conditions

Pakistani textile industry is, reportedly, deeply concerned about the conditions attached by the US to the proposed duty-free access of textiles to be limited to Reconstruction Opportunity Zones (ROZs) located at the border between Pakistan and Afghanista

Published 06 Apr, 2009 12:00am

Ministry wants to keep upper cap at $70 per barrel

Finance Ministry has opposed to place upper cap at $80 per barrel crude oil to give deemed duty to oil refineries and want to keep upper cap at $70 per barrel, well informed sources in Finance Ministry revealed to Business Recorder on Saturday. Sou

Published 06 Apr, 2009 12:00am

Ministry wants to keep upper cap at $70 per barrel

Finance Ministry has opposed to place upper cap at $80 per barrel crude oil to give deemed duty to oil refineries and want to keep upper cap at $70 per barrel, well informed sources in Finance Ministry revealed to Business Recorder on Saturday. Sou

Published 06 Apr, 2009 12:00am

Ban urges $300 billion in G20 aid for poor nations

At least $300 billion of the $1.1 trillion stimulus package agreed by G20 leaders last week should be allocated towards helping developing countries, UN Secretary-General Ban Ki-moon said on Sunday. He also called on the G20 to turn its summit pledges int

Published 06 Apr, 2009 12:00am

Ministry wants to keep upper cap at $70 per barrel

Finance Ministry has opposed to place upper cap at $80 per barrel crude oil to give deemed duty to oil refineries and want to keep upper cap at $70 per barrel, well informed sources in Finance Ministry revealed to Business Recorder on Saturday. Sou

Published 06 Apr, 2009 12:00am

Ban urges $300 billion in G20 aid for poor nations

At least $300 billion of the $1.1 trillion stimulus package agreed by G20 leaders last week should be allocated towards helping developing countries, UN Secretary-General Ban Ki-moon said on Sunday. He also called on the G20 to turn its summit pledges int

Published 06 Apr, 2009 12:00am

Ban urges $300 billion in G20 aid for poor nations

At least $300 billion of the $1.1 trillion stimulus package agreed by G20 leaders last week should be allocated towards helping developing countries, UN Secretary-General Ban Ki-moon said on Sunday. He also called on the G20 to turn its summit pledges int

Published 06 Apr, 2009 12:00am

Over tea, Mullen cultivates Kayani

For the United States, much may be riding on an unlikely relationship between Americas highest ranking military officer and Pakistans powerful army chief. Over cups of tea and the occasional cigar, the avuncular American admiral and the reserved general t

Published 06 Apr, 2009 12:00am

Asean summit to discuss G20 plans: Thai Prime Minister

Southeast Asian nations and key regional partners will use a summit next week to discuss their follow-up to a G20 plan to lift the world out of recession, Thailands premier said Sunday.

Published 06 Apr, 2009 12:00am

Over tea, Mullen cultivates Kayani

For the United States, much may be riding on an unlikely relationship between Americas highest ranking military officer and Pakistans powerful army chief. Over cups of tea and the occasional cigar, the avuncular American admiral and the reserved general t

Published 06 Apr, 2009 12:00am

Stock posts record 54 percent recovery in 10 weeks

Karachi Stock Exchange (KSE) made another history, as the KSE 100 index registered fasted ever recovery of 54 per cent in a short span of 10 weeks. After touching a low of 4815 points on January 26, 2009, the index closed at 7433 points last week, posting

Published 06 Apr, 2009 12:00am

Pakistan Navy ships opened for visitors at Klang

The 18 crew members led by two officers of Pakistani Naval Ships Badr and Nasr currently anchored at Port Klang, Malaysia, carried out community work at Alkhairiah Orphanage Klang. This was stated in a message received here from Kuala Lumpur on Sunday. Be

Published 06 Apr, 2009 12:00am

Stock posts record 54 percent recovery in 10 weeks

Karachi Stock Exchange (KSE) made another history, as the KSE 100 index registered fasted ever recovery of 54 per cent in a short span of 10 weeks. After touching a low of 4815 points on January 26, 2009, the index closed at 7433 points last week, posting

Published 06 Apr, 2009 12:00am

Stock posts record 54 percent recovery in 10 weeks

Karachi Stock Exchange (KSE) made another history, as the KSE 100 index registered fasted ever recovery of 54 per cent in a short span of 10 weeks. After touching a low of 4815 points on January 26, 2009, the index closed at 7433 points last week, posting

Published 06 Apr, 2009 12:00am

Goods from India via land route: ministry gets power to allow plea of importers

Commerce Ministry has reportedly taken over the power to allow requests from importers desirous of importing different permissible goods from India via land route, well-informed sources told Business Recorder.

Published 06 Apr, 2009 12:00am

Goods from India via land route: ministry gets power to allow plea of importers

Commerce Ministry has reportedly taken over the power to allow requests from importers desirous of importing different permissible goods from India via land route, well-informed sources told Business Recorder.

Published 06 Apr, 2009 12:00am

Goods from India via land route: ministry gets power to allow plea of importers

Commerce Ministry has reportedly taken over the power to allow requests from importers desirous of importing different permissible goods from India via land route, well-informed sources told Business Recorder.

Published 06 Apr, 2009 12:00am

KSE index surges 9.3 percent

Heavy buying was witnessed at the Karachi share market and the benchmark KSE-100 index surged by 9.3 percent during the week ended April 03, 2009 on the back of lowering National Saving Schemes rates and fresh foreign inflows from IMF and the World Bank.

Published 06 Apr, 2009 12:00am

KSE index surges 9.3 percent

Heavy buying was witnessed at the Karachi share market and the benchmark KSE-100 index surged by 9.3 percent during the week ended April 03, 2009 on the back of lowering National Saving Schemes rates and fresh foreign inflows from IMF and the World Bank.

Published 06 Apr, 2009 12:00am

CFS investment up 13.51 percent

Total CFS investment at the Karachi share market increased by 13.51 percent on week-on-week basis to settle at Rs 1.81 billion on Friday as compared to Rs 1.60 billion on the same day a week earlier. "The moderation of the circular debt crisis along with

Published 06 Apr, 2009 12:00am

KSE index surges 9.3 percent

Heavy buying was witnessed at the Karachi share market and the benchmark KSE-100 index surged by 9.3 percent during the week ended April 03, 2009 on the back of lowering National Saving Schemes rates and fresh foreign inflows from IMF and the World Bank.

Published 06 Apr, 2009 12:00am

CFS investment up 13.51 percent

Total CFS investment at the Karachi share market increased by 13.51 percent on week-on-week basis to settle at Rs 1.81 billion on Friday as compared to Rs 1.60 billion on the same day a week earlier. "The moderation of the circular debt crisis along with

Published 06 Apr, 2009 12:00am

CFS investment up 13.51 percent

Total CFS investment at the Karachi share market increased by 13.51 percent on week-on-week basis to settle at Rs 1.81 billion on Friday as compared to Rs 1.60 billion on the same day a week earlier. "The moderation of the circular debt crisis along with

Published 06 Apr, 2009 12:00am

CFS investment up 13.51 percent

Total CFS investment at the Karachi share market increased by 13.51 percent on week-on-week basis to settle at Rs 1.81 billion on Friday as compared to Rs 1.60 billion on the same day a week earlier. "The moderation of the circular debt crisis along with

Published 06 Apr, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.83
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
Nasdaq / Nov 25	18,054.84
Dow Jones / Nov 25	44,736.57
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61
Hang Seng / Nov 26	19,174.25
FTSE 100 / Nov 26	8,253.38
Germany DAX 30 / Nov 26	19,284.47

Item	Value
Gold 10 Grams PKR / Nov 25	244,860.20
Petrol/Litre / Nov 26	248.38
Crude Oil USD/Barrel / Nov 26	69.17
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold Spot USD/Ounce / Nov 26	2,623.04
Diesel/Litre / Nov 26	255.14

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 26 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 26 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 26 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 26 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 26 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 26 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 26 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 26 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
Waves Home Appliances / Nov 26 Waves Home Appliances Limited(WAVESAPP)	19,695,105 ▲ 0.00

Most Popular