News Archives for Print - 2010-05-22 - Business Recorder

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اردو

Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2010-05-22

Bank: MEEZAN BANK LIMITED - Analysis of Financial Statements Financial Year 2003-1Q Financial Year 2010

Bank: MEEZAN BANK LIMITED - Analysis of Financial Statements Financial Year 2003-1Q Financial Year 2010

Meezan Bank Limited (MEBL) is a publicly listed company, first incorporated on January 27, 1997. It is pioneers of Islamic banking in Pakistan and started its operations from March 2002. It started operations as an investment bank in August of the same ye

Published 22 May, 2010 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (May 21, 2010).

Published 22 May, 2010 12:00am

FBR starts issuing sales tax refund cheques same day of filing claim

FBR starts issuing sales tax refund cheques same day of filing claim

The Federal Board of Revenue (FBR) has started issuing cheques to the manufacturers-cum-exporters on the day of filing sales tax refund claims through the newly introduced electronic Expeditious Refund System. Sources told Business Recorder here on

Published 22 May, 2010 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

FBR starts issuing sales tax refund cheques same day of filing claim

FBR starts issuing sales tax refund cheques same day of filing claim

The Federal Board of Revenue (FBR) has started issuing cheques to the manufacturers-cum-exporters on the day of filing sales tax refund claims through the newly introduced electronic Expeditious Refund System. Sources told Business Recorder here on

Published 22 May, 2010 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

FBR starts issuing sales tax refund cheques same day of filing claim

FBR starts issuing sales tax refund cheques same day of filing claim

The Federal Board of Revenue (FBR) has started issuing cheques to the manufacturers-cum-exporters on the day of filing sales tax refund claims through the newly introduced electronic Expeditious Refund System. Sources told Business Recorder here on

Published 22 May, 2010 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Foreign courses sans entitlement: OGDC managing director initiates inquiry

Foreign courses sans entitlement: OGDC managing director initiates inquiry

The Managing Director of Oil and Gas Development Company Limited (OGDC), Shah Mahboob Alam, has initiated an inquiry against those officials who had devised a plan to spend millions on training courses in UK, UAE and USA without following proper procedure

Published 22 May, 2010 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Foreign courses sans entitlement: OGDC managing director initiates inquiry

Foreign courses sans entitlement: OGDC managing director initiates inquiry

The Managing Director of Oil and Gas Development Company Limited (OGDC), Shah Mahboob Alam, has initiated an inquiry against those officials who had devised a plan to spend millions on training courses in UK, UAE and USA without following proper procedure

Published 22 May, 2010 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Foreign courses sans entitlement: OGDC managing director initiates inquiry

Foreign courses sans entitlement: OGDC managing director initiates inquiry

The Managing Director of Oil and Gas Development Company Limited (OGDC), Shah Mahboob Alam, has initiated an inquiry against those officials who had devised a plan to spend millions on training courses in UK, UAE and USA without following proper procedure

Published 22 May, 2010 12:00am

Bank: MEEZAN BANK LIMITED - Analysis of Financial Statements Financial Year 2003-1Q Financial Year 2010

Bank: MEEZAN BANK LIMITED - Analysis of Financial Statements Financial Year 2003-1Q Financial Year 2010

Meezan Bank Limited (MEBL) is a publicly listed company, first incorporated on January 27, 1997. It is pioneers of Islamic banking in Pakistan and started its operations from March 2002. It started operations as an investment bank in August of the same ye

Published 22 May, 2010 12:00am

Pakistan's trade with Tajikistan can be improved: ICCI

Pakistan's trade with Tajikistan can be improved: ICCI

Assistant Secretary General of Islamic Chamber of Commerce and Industry (ICCI) Attiya Nawazish Ali has said that Pakistan's trade with Tajikistan can be improved by availing opportunities effectively. Business community of Pakistan and other Islamic count

Published 22 May, 2010 12:00am

Two security men killed, three hurt in Balochistan

Two security men killed, three hurt in Balochistan

Two security forces personnel were killed and three sustained injuries in a rocket attack near Iranian border on Friday. According to details, some security forces personnel on duty on a check-post along Mand-Blangore road (Mekran division). Unknown perso

Published 22 May, 2010 12:00am

Pakistan detains at least four over New York plot

Pakistan detains at least four over New York plot

Pakistan has detained at least four people suspected of links with a failed bid to set off a car bomb in New York's Times Square, including one who worked for a catering company servicing embassies in Islamabad. The failed Times Square bombing on May 1 ha

Published 22 May, 2010 12:00am

THE RUPEE: all-round slide

THE RUPEE: all-round slide

Rising demand for dollars, pressurised the rupee to look back versus the US currency on the local currency market on Friday, money market-men said. The rupee also failed to recover its gains in relation to euro as the single European currency is now start

Published 22 May, 2010 12:00am

30 percent prevalence of hepatitis 'C' recorded in some areas of Sindh

30 percent prevalence of hepatitis 'C' recorded in some areas of Sindh

There are some areas in Sindh province where prevalence of hepatitis 'C' patients was recorded 30 percent against the world-wide ratio of 12 percent.

Published 22 May, 2010 12:00am

THE RUPEE: all-round slide

THE RUPEE: all-round slide

Rising demand for dollars, pressurised the rupee to look back versus the US currency on the local currency market on Friday, money market-men said. The rupee also failed to recover its gains in relation to euro as the single European currency is now start

Published 22 May, 2010 12:00am

HP introduces 'plug and print' laser printers

HP introduces 'plug and print' laser printers

HP on Thursday bolstered its LaserJet Pro printer line with new "plug and print" technology that allows customers to begin printing in as little as two minutes by simply connecting a notebook or desktop PC to the printer with a USB cable - no CD required.

Published 22 May, 2010 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Six killed in drone attack

Six killed in drone attack

A US drone attack on a suspected militant compound Saturday killed six militants in tribal belt, security officials said. The target of the attack was a house used by militants in Mohammad Khel village, some 25 kilometres (15 miles) west of Miranshah, the

Published 22 May, 2010 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

EDF approves 15 projects worth Rs 1.174 billion

EDF approves 15 projects worth Rs 1.174 billion

The Board of Administrators of Export Development Fund (EDF) headed by Commerce Minister, Makhdum Amin Fahim has approved 15 projects of Rs 1.174 billion relating to promotion of exports in various sectors.

Published 22 May, 2010 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Implementation Commission to be created: devolution of powers to provinces begins

Implementation Commission to be created: devolution of powers to provinces begins

The process of devolution of powers to the provinces, as per Eighteenth Amendment Act 2010, commenced with the notification of the Establishment Division to create (IC) to oversee the successful completion of the process by June 30, 2011, Business Reco

Published 22 May, 2010 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Protest rally staged against Facebook

People took the streets to protest against the caricatures of the Prophet Mohammed (PBUH) on Facebook after the Friday prayers. People in a large number in Karachi Company G-9 Markaz demonstrated against appearance of caricatures of the Holy Prophet on Fa
Published 22 May, 2010 12:00am

National Commodity Exchange Trading Summary

National Commodity Exchange Limited Trading Summary on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Dividend/Bonus Announcements

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

Published 22 May, 2010 12:00am

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Hafeez declared Senator-elect unopposed

Advisor to Prime Minister on Finance, Abdul Hafeez Shaikh stood elected to the Senate unopposed. The Provincial Election Commissioner Sono Khan Baluch, announced that he stood elected to the Senate unopposed after his nomination papers were found valid du
Published 22 May, 2010 12:00am

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Three Britons killed over family dispute

A British family of three was gunned down by attackers inside a graveyard in Gujrat, apparently over a relative's divorce, police said Friday. The Britons of Pakistani origin were visiting the grave of a relative Thursday when gunmen sprayed them with bul
Published 22 May, 2010 12:00am

EFU GUARANT GROWTH FUND Rates

EFU Guarant Growth Fund Rates on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Three Britons killed over family dispute

A British family of three was gunned down by attackers inside a graveyard in Gujrat, apparently over a relative's divorce, police said Friday. The Britons of Pakistani origin were visiting the grave of a relative Thursday when gunmen sprayed them with bul
Published 22 May, 2010 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 22 May, 2010 12:00am

Blasphemous caricatures: LHC directs federal government to lodge official protest with US

The Lahore High Court (LHC) has directed federal government to lodge official protest with US over the issue of holding a competition of blasphemous caricatures of the Prophet Muhammad (PBUH) on Facebook. In the detailed order pertaining to blocking acces
Published 22 May, 2010 12:00am

Clearing Schedule for T+2 System

Karachi Stock Exchange's Clearing Schedule for T+2 System.

Published 22 May, 2010 12:00am

Blasphemous caricatures: LHC directs federal government to lodge official protest with US

The Lahore High Court (LHC) has directed federal government to lodge official protest with US over the issue of holding a competition of blasphemous caricatures of the Prophet Muhammad (PBUH) on Facebook. In the detailed order pertaining to blocking acces
Published 22 May, 2010 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 May, 2010 12:00am

Foreign investors repatriate $600 million in 10 months

Despite slow economic activities, foreign investors repatriated some $600 million profit and dividend during 10 months. However, overall repatriated amount is some 10 percent lower than the same period of last fiscal year. According to State Bank of Pakis
Published 22 May, 2010 12:00am

Provisionally listed companies

Provisional companies listed in Karachi Stock Exchange.

Published 22 May, 2010 12:00am

Foreign investors repatriate $600 million in 10 months

Despite slow economic activities, foreign investors repatriated some $600 million profit and dividend during 10 months. However, overall repatriated amount is some 10 percent lower than the same period of last fiscal year. According to State Bank of Pakis
Published 22 May, 2010 12:00am

Hafeez declared Senator-elect unopposed

Advisor to Prime Minister on Finance, Abdul Hafeez Shaikh stood elected to the Senate unopposed. The Provincial Election Commissioner Sono Khan Baluch, announced that he stood elected to the Senate unopposed after his nomination papers were found valid du
Published 22 May, 2010 12:00am

Foreign investors repatriate $600 million in 10 months

Despite slow economic activities, foreign investors repatriated some $600 million profit and dividend during 10 months. However, overall repatriated amount is some 10 percent lower than the same period of last fiscal year. According to State Bank of Pakis
Published 22 May, 2010 12:00am

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 May, 2010 12:00am

'RBS deal not finalised yet'

Faysal Bank has to hold another round of intricate discussions with RBS on the Share Purchase Agreement, said Faysal Bank. It incorrect to say at this stage that Faysal has won a bid to buy RBS (Pakistan), said a spokesman for FABL in Karachi. Commenting
Published 22 May, 2010 12:00am

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 22 May, 2010 12:00am

'RBS deal not finalised yet'

Faysal Bank has to hold another round of intricate discussions with RBS on the Share Purchase Agreement, said Faysal Bank. It incorrect to say at this stage that Faysal has won a bid to buy RBS (Pakistan), said a spokesman for FABL in Karachi. Commenting
Published 22 May, 2010 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 May, 2010 12:00am

''RBS deal not finalised yet''

Faysal Bank has to hold another round of intricate discussions with RBS on the Share Purchase Agreement, said Faysal Bank. It incorrect to say at this stage that Faysal has won a bid to buy RBS (Pakistan), said a spokesman for FABL in Karachi. Commenting
Published 22 May, 2010 12:00am

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 22 May, 2010 12:00am

Taliban blow up 'spies'

Taliban militants strapped bombs to two men they accused of spying for the United States, blowing them up at a public execution, security officials said Friday. The Taliban frequently kidnap and kill tribesmen in tribal belt shadowing the Afghan border, b
Published 22 May, 2010 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Taliban blow up 'spies'

Taliban militants strapped bombs to two men they accused of spying for the United States, blowing them up at a public execution, security officials said Friday. The Taliban frequently kidnap and kill tribesmen in tribal belt shadowing the Afghan border, b
Published 22 May, 2010 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Two security men killed, three hurt in Balochistan

Two security forces personnel were killed and three sustained injuries in a rocket attack near Iranian border on Friday. According to details, some security forces personnel on duty on a check-post along Mand-Blangore road (Mekran division). Unknown perso
Published 22 May, 2010 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (May 21, 2010).

Published 22 May, 2010 12:00am

Book Review: 'A bundle of burdens'

The book in hand 'Pustarah' (I would translate it as 'A bundle of burdens') is the fifth collection of poetry by Shaheen (Syed Walialam). There are 132 poems. Some are as short as three lines others of considerable length but none too long. Subjects vary
Published 22 May, 2010 12:00am

Treasuries rally

US Treasuries rallied on Thursday with benchmark yields falling to a 5-1/2 month low as the latest attempts by European leaders to solve the region's debt crisis failed to reassure investors. Traders and money managers, fearful of the eurozone's woes hurt
Published 22 May, 2010 12:00am

Treasuries rally

US Treasuries rallied on Thursday with benchmark yields falling to a 5-1/2 month low as the latest attempts by European leaders to solve the region's debt crisis failed to reassure investors. Traders and money managers, fearful of the eurozone's woes hurt
Published 22 May, 2010 12:00am

Taiwan stocks log worst percentage drop in over two weeks

Taiwan stocks fell 2.51 percent on Friday, their largest one-day percentage drop in more than two weeks, as investors dumped shares of tech exporters whose shipments could suffer because of the weakened euro. Hon Hai shares slid 2.24 percent and Acer shar
Published 22 May, 2010 12:00am

Wall Street tumbles: Dow off 3.6 percent, S&P down 3.9 percent, Nasdaq off 4.1 percent

US stocks sank nearly 4 percent on Thursday on growing fears the eurozone's efforts to tackle its sovereign debt crisis will fall short, jeopardising the global economic recovery. Selling picked up speed late in the day and indexes closed around their ses
Published 22 May, 2010 12:00am

Friday's early afternoon trade: market rebounds

US stocks rose on Friday, with bank shares leading a rebound as worries ebbed over the sovereign debt crisis in Europe and an overhaul of US financial regulation. Goldman Sachs Group Inc rose 4.4 percent to $142.12 on rumours of a possible settlement with
Published 22 May, 2010 12:00am

Indian shares fall 3.2 percent

Indian shares dropped 3.2 percent this week, its third decline in four weeks to close 0.5 percent lower on Friday, on continued foreign fund outflows as eurozone jitters reduced risk appetite, sending world stocks lower. Top engineering conglomerate Larse
Published 22 May, 2010 12:00am

Crossover index, bond spreads widen; iTraxx Europe firms

European corporate credit default swap spreads were mixed on Friday, and cash bonds were weaker, amid ongoing concern about a lack of cohesion among eurozone policymakers dealing with the region's debt crisis. By 0957 GMT, the investment-grade Markit iTra
Published 22 May, 2010 12:00am

Crossover index, bond spreads widen; iTraxx Europe firms

European corporate credit default swap spreads were mixed on Friday, and cash bonds were weaker, amid ongoing concern about a lack of cohesion among eurozone policymakers dealing with the region's debt crisis. By 0957 GMT, the investment-grade Markit iTra
Published 22 May, 2010 12:00am

German parliament backs $1 trillion euro safety net

German lawmakers backed a $1 trillion safety net to stabilise the euro but world stocks slid further on Friday on fears Europe's debt crisis and tougher financial regulation will choke economic recovery.
Published 22 May, 2010 12:00am

European banks slam drive for G20 bank tax

A multinational tax on banks as endorsed by some Group of 20 powers would hurt economic growth and leave Europe isolated, top French and German bank officials told Reuters. Their comments came as France and Germany renewed their drive to push for a multin
Published 22 May, 2010 12:00am

China pension fund invests $2.2 billion in AgBank

China's pension fund has invested 15 billion yuan ($2.20 billion) into the Agricultural Bank of China, ahead of the bank's $30 billion IPO, a fund official said on Friday. AgBank, the smallest of the country's Big Four banks, plans to list in Hong Kong an
Published 22 May, 2010 12:00am

Societe Generale orders its traders to lay off Greek bonds

French bank Societe Generale has ordered its traders not to speculate against Greek bonds, chief executive Frederic Oudea said in a newspaper interview Friday. "Our teams have received an order not to speculate on Greek debt," Oudea told French daily Libe
Published 22 May, 2010 12:00am

Societe Generale orders its traders to lay off Greek bonds

French bank Societe Generale has ordered its traders not to speculate against Greek bonds, chief executive Frederic Oudea said in a newspaper interview Friday. "Our teams have received an order not to speculate on Greek debt," Oudea told French daily Libe
Published 22 May, 2010 12:00am

British Airways suffers record annual loss

British Airways on Friday posted a record annual pre-tax loss of 531 million pounds (609 million euros, 765 million dollars) on slumping sales but forecast it would break even this year. BA, which faces a cabin crew strike next week, said its net loss wid
Published 22 May, 2010 12:00am

British Airways suffers record annual loss

British Airways on Friday posted a record annual pre-tax loss of 531 million pounds (609 million euros, 765 million dollars) on slumping sales but forecast it would break even this year. BA, which faces a cabin crew strike next week, said its net loss wid
Published 22 May, 2010 12:00am

LSE earnings fall

London Stock Exchange reported a 19 percent drop in full-year earnings per share as it racked up the costs of transforming the company, while pointing to a recent upturn in dark trading at subsidiary Turquoise. Like other European exchanges, LSE has been
Published 22 May, 2010 12:00am

Belgium's KBC sells unit to India's Hinduja group

Belgian lender KBC said Friday it has sold its Luxembourg private bank unit to India's Hinduja group for 1.35 billion euros (1.7 billion dollars) as it focus on its core banking business. KBL European Private Bankers, which had 47 billion dollars under ma
Published 22 May, 2010 12:00am

EU finance ministers agree principle of cash sanctions

European Union finance ministers on Friday agreed the need for sanctions including cash penalties for eurozone countries that breach toughened deficit limits, bloc president Herman Van Rompuy said. "One of the conclusions... was a very clear broad consens
Published 22 May, 2010 12:00am

US unveils new push for more efficient cars, trucks

President Barack Obama unveiled a US government push on Friday to boost auto fuel economy for model-year 2017 passenger vehicles and beyond, and introduce a truck efficiency target for the first time. Obama's policy initiative, characterised by leading en
Published 22 May, 2010 12:00am

Lending to UK firms contracts, mortgage approvals dip

Lending to British firms contracted in March due to weak corporate demand, and major banks approved fewer mortgages in April, figures from the Bank of England showed on Friday. The central bank has highlighted weak lending as a major potential brake on a
Published 22 May, 2010 12:00am

April tax take surges

Surging tax receipts in April pushed British public sector borrowing down, but the deficit still chalked up a record for the month and some of the improvement may have been a result of one-off factors. The Office for National Statistics said on Friday tha
Published 22 May, 2010 12:00am

Confidence dip compounds eurozone economy risks

Europe's economic prospects took a further hit on Friday as news of drops in German business morale and the pace of recovery in business activity across the eurozone as a whole raised the risk of a slide back into recession. Economists, wary of the harm t
Published 22 May, 2010 12:00am

US mass layoffs rise led by manufacturing

The number of mass layoffs by US employers rose in April led by manufacturers who shed workers even as the economy began to recover. The US Labour Department said the number of mass layoff events - defined as job cuts involving at least 50 people from a s
Published 22 May, 2010 12:00am

Abbott to buy India's Piramal unit for over $2 billion

Abbott Laboratories Inc agreed to acquire India's Piramal Healthcare's healthcare solutions business for an up-front payment of $2.12 billion, in a deal it said would make it the largest pharmaceuticals company in India. The deal also includes annual paym
Published 22 May, 2010 12:00am

US says preparing to ease high-tech export controls

The United States may soon ease restrictions on some high-tech exports to China, US Commerce Secretary Gary Locke said Friday - a move that Beijing has demanded for years. US President Barack Obama last year ordered a full review of Washington's export-co
Published 22 May, 2010 12:00am

Opel, European unions agree on restructuring plan

General Motors' European unit Opel marked an important step Friday by getting unions to agree on terms of a long-awaited restructuring plan, knocking the ball back into Berlin's court with GM hoping for loan guarantees in return. Opel staff agreed to redu
Published 22 May, 2010 12:00am

Pepsi to invest $2.5 billion in China

PepsiCo, the maker of Pepsi soft drinks, said Friday it would invest 2.5 billion dollars in China over the next three years in new plants, research facilities and promotional activities. The money is in addition to the one billion dollar investment the dr
Published 22 May, 2010 12:00am

Facebook page that stirred rage in Pakistan removed

A Facebook page that fuelled rage and protest in Pakistan was gone from the popular online social networking service on Friday. The Facebook user that organised an "Everyone Draw Mohammed Day" competition to promote "freedom of expression" evidently took
Published 22 May, 2010 12:00am

Citi private bank expands East Europe, Turkey businesses

Citi Private Bank is aggressively expanding its businesses in Russia, central and eastern Europe and Turkey by boosting senior staff numbers and assets under management, the bank's regional head said. In an interview on Thursday, Samir Raslan, regional he
Published 22 May, 2010 12:00am

Facebook page that stirred rage in Pakistan removed

A Facebook page that fuelled rage and protest in Pakistan was gone from the popular online social networking service on Friday. The Facebook user that organised an "Everyone Draw Mohammed Day" competition to promote "freedom of expression" evidently took
Published 22 May, 2010 12:00am

BP swamped by criticism; spilled oil keeps coming

Anger, scepticism and accusations of lying washed over energy giant BP Plc on Friday as it desperately pursued efforts to contain a month-old seabed well leak billowing crude oil into the Gulf of Mexico. US lawmakers and scientists have accused BP of tryi
Published 22 May, 2010 12:00am

Facebook page that stirred rage in Pakistan removed

A Facebook page that fuelled rage and protest in Pakistan was gone from the popular online social networking service on Friday. The Facebook user that organised an "Everyone Draw Mohammed Day" competition to promote "freedom of expression" evidently took
Published 22 May, 2010 12:00am

BoJ cautious on Europe's woes, outlines new loan plan

The Bank of Japan raised its outlook for the economy Friday, citing signs of sustained recovery in domestic demand, but also warned that Europe's debt debacle posed a risk to the global economy. The BoJ also announced a loan scheme targeting growth indust
Published 22 May, 2010 12:00am

Budget erases power tariff, fertiliser, sugar subsidies

The government is expected to set federal budget outlay at Rs 2.488 trillion for 2010-11 with Rs 1.7 trillion revenue collection target," Business Recorder has learnt. Defence budget will increase by 31 percent to Rs 448 billion compared to Rs 343
Published 22 May, 2010 12:00am

BoJ injects $11 billion into market

The Japanese yen jumped in volatile Tokyo trading Friday as a sharp plunge in global shares encouraged investors to flock to the safe-haven unit amid lingering concerns over the eurozone debt crisis. The unit's sharp rise prompted the Bank of Japan to inj
Published 22 May, 2010 12:00am

Budget erases power tariff, fertiliser, sugar subsidies

The government is expected to set federal budget outlay at Rs 2.488 trillion for 2010-11 with Rs 1.7 trillion revenue collection target," Business Recorder has learnt. Defence budget will increase by 31 percent to Rs 448 billion compared to Rs 343
Published 22 May, 2010 12:00am

Dollar will be major part of India's reserves

The US dollar will remain a major component of India's foreign exchange reserves as most of the country's overseas trade is denominated that currency, a central bank deputy governor said on Friday. "Euro is not a significant component in total reserves. O
Published 22 May, 2010 12:00am

Budget erases power tariff, fertiliser, sugar subsidies

The government is expected to set federal budget outlay at Rs 2.488 trillion for 2010-11 with Rs 1.7 trillion revenue collection target," Business Recorder has learnt. Defence budget will increase by 31 percent to Rs 448 billion compared to Rs 343
Published 22 May, 2010 12:00am

Thai economy to recover fast if stability stays: finance minister

Thailand's economy is likely to recover fairly quickly if stability reached over the past 24 hours is maintained but tourism will suffer a disastrous impact for the rest of the year, the country's finance minister said. Life in Bangkok inched back to norm
Published 22 May, 2010 12:00am

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Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 25

281.17

USD PKR Interbank Buying / Apr 25

280.97

USD to Japanese Yen / Apr 25

143.67

USD to Swiss Franc / Apr 25

0.83

Pound Sterling to USD / Apr 25

1.33

Euro to USD / Apr 25

1.14

UK LIBOR % / Apr 24

4.96

Stock Volume

S&P 500 / Apr 25

5,525.21

India Sensex / Apr 25

79,212.53

Tokyo Nikkei / Apr 25

35,705.74

Nasdaq / Apr 25

17,382.94

Hang Seng / Apr 25

21,980.74

FTSE 100 / Apr 25

8,415.25

Dow Jones / Apr 25

40,113.50

Germany DAX 30 / Apr 25

22,242.45

France CAC40 / Apr 25

7,536.26

Item Value

Crude Oil USD/Barrel / Apr 25

63.17

Karachi Cotton PKR/37.32 KG / Apr 25

16,985

Gold 10 Grams PKR / Apr 25

298,950

Gold Spot USD/Ounce / Apr 25

3,327.60

Cotton US¢/pound / Apr 25

68.80

Petrol/Litre / Apr 27

254.63

Diesel/Litre / Apr 27

258.64

Gainers
Losers
Leaders

Stock Price

First Capital Equities / Apr 25

First Capital Equities Limited(FCEL)

4.92

▲ 0.96 (24.24%)

PICIC Ins.Ltd. / Apr 25

PICIC Insurance Limited(PIL)

3.14

▲ 0.5 (18.94%)

Dewan Mushtaq / Apr 25

Dewan Mushtaq Textile Mills Limited(DMTM)

7.99

▲ 1 (14.31%)

Pak. P.V.C. / Apr 25

Pakistan PVC Limited(PPVC)

8.26

▲ 1 (13.77%)

J.K.Spinning / Apr 25

J.K. Spinning Mills Limited(JKSM)

61.90

▲ 5.63 (10.01%)

At-Tahur Ltd. / Apr 25

At-Tahur Limited(PREMA)

86.74

▲ 7.89 (10.01%)

Shezan Inter. / Apr 25

Shezan International Limited(SHEZ)

203.03

▲ 18.46 (10%)

Sunrays Textile / Apr 25

Sunrays Textile Mills Limited(SUTM)

156.38

▲ 14.22 (10%)

PIA Holding Co.B / Apr 25

PIA Holding Company Limited B(PIAHCLB)

3,282.29

▲ 298.39 (10%)

S.S.Oil / Apr 25

S.S.Oil Mills Limited(SSOM)

357.05

▲ 32.46 (10%)

Stock Price

Engro Powergen / Apr 25

Engro Powergen Qadirpur Limited(EPQL)

28.71

▼ -10.13 (-26.08%)

Ghani Chemworld / Apr 25

Ghani Chemworld Limited(GCWL)

8

▼ -1 (-11.11%)

Samba Bank / Apr 25

Samba Bank Limited(SBL)

8.01

▼ -0.99 (-11%)

Arpak Int. / Apr 25

Arpak International Investments Ltd.(ARPAK)

56.66

▼ -6.29 (-9.99%)

Blue-Ex Ltd / Apr 25

Blue-Ex Limited (GEM)(GEMBLUEX)

47.38

▼ -5.26 (-9.99%)

Saif Power Ltd. / Apr 25

Saif Power Limited(SPWL)

12.31

▼ -1.3 (-9.55%)

Shaheen Ins. / Apr 25

Shaheen Insurance Company Limited(SHNI)

5.25

▼ -0.46 (-8.06%)

Equity Modaraba / Apr 25

First Equity Modaraba(FEM)

2.75

▼ -0.24 (-8.03%)

GlaxoSmithKline / Apr 25

GlaxoSmithKline Pakistan Limited(GLAXO)

409.57

▼ -34.89 (-7.85%)

AKD Hospitality / Apr 25

AKD Hospitality Limited(AKDHL)

136.65

▼ -10.81 (-7.33%)

Stock Volume

WorldCall Telecom / Apr 25

Worldcall Telecom Limited(WTL)

22,789,497

▼ -0.02

Power Cement / Apr 25

Power Cement Limited(POWER)

21,965,614

▼ -0.17

Sui South Gas / Apr 25

Sui Southern Gas Company Limited(SSGC)

21,567,163

▼ -0.56

B.O.Punjab / Apr 25

The Bank of Punjab(BOP)

19,825,526

▼ -0.08

K-Electric Ltd. / Apr 25

K-Electric Limited(KEL)

17,030,953

▼ -0.04

Aisha Steel Mill / Apr 25

Aisha Steel Mills Limited(ASL)

16,751,796

▲ 0.59

Cnergyico PK / Apr 25

Cnergyico PK Limited(CNERGY)

16,717,262

▼ -0.17

Pak Int.Bulk / Apr 25

Pakistan International Bulk Terminal(PIBTL)

16,382,803

▲ 0.14

Sui North Gas / Apr 25

Sui Northern Gas Pipelines Limited(SNGP)

13,338,455

▲ 0.33

Secure Logistics / Apr 25

Secure Logistics Group Limited(SLGL)

12,723,116

▲ 1.13

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Good Bricks factory officially opens in Pakistan

Worldcall Telecom Limited

US condemns attack in Pahalgam, says not taking a position on IIOJK

UN urges Pakistan, India to have ‘maximum restraint’ after Pahalgam attack

Good Bricks factory officially opens in Pakistan

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‘India can’t scrap Indus Waters Treaty unilaterally’

Pakistan misses wheat production target

Highest income groups be taxed at higher effective rates: WB

Gold prices remain stable in Pakistan

Property transfer: Cabinet will abolish 3-7% FED soon

E-invoices integration: FBR sets May 1 deadline for corporate entities

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

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