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Print - 2010-07-27
Credit card information to help check sales at retail outlets: FBR

Credit card information to help check sales at retail outlets: FBR

The Federal Board of Revenue would utilise information of credit cards to check the actual sales at large retail stores and outlets in posh areas across the country to document transactions/turnover of retail shops under ''broadening the tax base plan'' f
Published 27 Jul, 2010 12:00am
Credit card information to help check sales at retail outlets: FBR

Credit card information to help check sales at retail outlets: FBR

The Federal Board of Revenue would utilise information of credit cards to check the actual sales at large retail stores and outlets in posh areas across the country to document transactions/turnover of retail shops under 'broadening the tax base plan' for
Published 27 Jul, 2010 12:00am
Credit card information to help check sales at retail outlets: FBR

Credit card information to help check sales at retail outlets: FBR

The Federal Board of Revenue would utilise information of credit cards to check the actual sales at large retail stores and outlets in posh areas across the country to document transactions/turnover of retail shops under 'broadening the tax base plan' for
Published 27 Jul, 2010 12:00am
Fear of coup or easy money prevents Karzai from building national army

Fear of coup or easy money prevents Karzai from building national army

During his last visit to the White House President Hamid Karzai had made no commitment during his joint Press conference with US President Barak Hussain Obama about building of Afghani's own army. He has been flirting both with India and Pakistan regardin
Published 27 Jul, 2010 12:00am
Fear of coup or easy money prevents Karzai from building national army

Fear of coup or easy money prevents Karzai from building national army

During his last visit to the White House President Hamid Karzai had made no commitment during his joint Press conference with US President Barak Hussain Obama about building of Afghani's own army. He has been flirting both with India and Pakistan regardin
Published 27 Jul, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jul, 2010 12:00am
BP''s Hayward set to step aside for Dudley

BP''s Hayward set to step aside for Dudley

BP Plc is expected to install an American trouble-shooter as chief executive in the next 24 hours, replacing Tony Hayward, who has come under fire for his handling of the worst oil spill in US history. Bob Dudley, the US executive managing the response op
Published 27 Jul, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jul, 2010 12:00am
BP's Hayward set to step aside for Dudley

BP's Hayward set to step aside for Dudley

BP Plc is expected to install an American trouble-shooter as chief executive in the next 24 hours, replacing Tony Hayward, who has come under fire for his handling of the worst oil spill in US history. Bob Dudley, the US executive managing the response op
Published 27 Jul, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 Jul, 2010 12:00am
BP's Hayward set to step aside for Dudley

BP's Hayward set to step aside for Dudley

BP Plc is expected to install an American trouble-shooter as chief executive in the next 24 hours, replacing Tony Hayward, who has come under fire for his handling of the worst oil spill in US history. Bob Dudley, the US executive managing the response op
Published 27 Jul, 2010 12:00am
Additional oil and gas in fifth well of Raijan Oilfield discovered

Additional oil and gas in fifth well of Raijan Oilfield discovered

OGDCL has recently found additional oil & gas in the fifth well drilled in the Raijan Oilfield, resulting into the 100 percent increase in oil production from this old field discovered in 1993. Consequent to new 3D seismic interpretation, professionals fr
Published 27 Jul, 2010 12:00am
Additional oil and gas in fifth well of Raijan Oilfield discovered

Additional oil and gas in fifth well of Raijan Oilfield discovered

OGDCL has recently found additional oil & gas in the fifth well drilled in the Raijan Oilfield, resulting into the 100 percent increase in oil production from this old field discovered in 1993. Consequent to new 3D seismic interpretation, professionals fr
Published 27 Jul, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Jul, 2010 12:00am
Additional oil and gas in fifth well of Raijan Oilfield discovered

Additional oil and gas in fifth well of Raijan Oilfield discovered

OGDCL has recently found additional oil & gas in the fifth well drilled in the Raijan Oilfield, resulting into the 100 percent increase in oil production from this old field discovered in 1993. Consequent to new 3D seismic interpretation, professionals fr
Published 27 Jul, 2010 12:00am
Degrees of 46 lawmakers found to be fake

Degrees of 46 lawmakers found to be fake

Higher Education Commission (HEC) has declared 46 degrees of parliamentarians bogus, in addition to this decision on eleven degrees is awaited by the court of law. Advisor to HEC, Dr Saeed Mahmmud Raza stated this in a press conference on Monday. Followin
Published 27 Jul, 2010 12:00am
Degrees of 46 lawmakers found to be fake

Degrees of 46 lawmakers found to be fake

Higher Education Commission (HEC) has declared 46 degrees of parliamentarians bogus, in addition to this decision on eleven degrees is awaited by the court of law. Advisor to HEC, Dr Saeed Mahmmud Raza stated this in a press conference on Monday. Followin
Published 27 Jul, 2010 12:00am
India warns over US arms supplies to Pakistan: report

India warns over US arms supplies to Pakistan: report

India said Monday the scale of US military assistance to Pakistan was "disproportionate" to Islamabad's needs and warned it could be used to target India. Defence Minister A.K. Antony said he had raised New Delhi's concerns during talks last week with vis
Published 27 Jul, 2010 12:00am
India warns over US arms supplies to Pakistan: report

India warns over US arms supplies to Pakistan: report

India said Monday the scale of US military assistance to Pakistan was "disproportionate" to Islamabad's needs and warned it could be used to target India. Defence Minister A.K. Antony said he had raised New Delhi's concerns during talks last week with vis
Published 27 Jul, 2010 12:00am
KSE approves margin trading concept paper

KSE approves margin trading concept paper

The board of directors of Karachi Stock Exchange on Monday approved the concept paper of margin trading. The KSE board meeting held here deliberated at length the concept paper of the proposed leverage product. The concept paper was finalised by the indep
Published 27 Jul, 2010 12:00am
KSE approves margin trading concept paper

KSE approves margin trading concept paper

The board of directors of Karachi Stock Exchange on Monday approved the concept paper of margin trading. The KSE board meeting held here deliberated at length the concept paper of the proposed leverage product. The concept paper was finalised by the indep
Published 27 Jul, 2010 12:00am
KSE approves margin trading concept paper

KSE approves margin trading concept paper

The board of directors of Karachi Stock Exchange on Monday approved the concept paper of margin trading. The KSE board meeting held here deliberated at length the concept paper of the proposed leverage product. The concept paper was finalised by the indep
Published 27 Jul, 2010 12:00am
ISE index down by 0.40 points

ISE index down by 0.40 points

Mixed trend was witnessed at the Islamabad Stock Exchange (ISE) where equities showed normal business under the lead of hot favourite amid increase in index. ISE Ten Index was down by 0.40 points as the ISE Ten Index moved from 2,609.84 to 2,610.24 points
Published 27 Jul, 2010 12:00am
ISE index down by 0.40 points

ISE index down by 0.40 points

Mixed trend was witnessed at the Islamabad Stock Exchange (ISE) where equities showed normal business under the lead of hot favourite amid increase in index. ISE Ten Index was down by 0.40 points as the ISE Ten Index moved from 2,609.84 to 2,610.24 points
Published 27 Jul, 2010 12:00am
LSE index gains 7.52 points

LSE index gains 7.52 points

Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Monday where equities maintained downward slide amid sluggish trading trend due to lacking interest on the part of investors. The LSE-25 index marginally improved by 7.52 points and was cl
Published 27 Jul, 2010 12:00am
LSE index gains 7.52 points

LSE index gains 7.52 points

Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Monday where equities maintained downward slide amid sluggish trading trend due to lacking interest on the part of investors. The LSE-25 index marginally improved by 7.52 points and was cl
Published 27 Jul, 2010 12:00am
Nato general calls for vigilance after leak of Afghan files

Nato general calls for vigilance after leak of Afghan files

German General Egon Ramms, responsible for Nato's International Security Assistance Force (ISAF) in Afghanistan, called Monday for greater vigilance after the leak of 92,000 secret US military documents on the war. "At the moment we always actually have t
Published 27 Jul, 2010 12:00am
BRIndex30 down 0.34 points

BRIndex30 down 0.34 points

On Monday, BRIndex30 opened at 8,184.14 and remained positive throughout the trading session. It touched an intraday high of 8,241.04 and an intraday low of 8,181.48 and closed at 8,183.80, which is -0.34 points lower than Friday's close. Total volume was
Published 27 Jul, 2010 12:00am
BRIndex30 down 0.34 points

BRIndex30 down 0.34 points

On Monday, BRIndex30 opened at 8,184.14 and remained positive throughout the trading session. It touched an intraday high of 8,241.04 and an intraday low of 8,181.48 and closed at 8,183.80, which is -0.34 points lower than Friday's close. Total volume was
Published 27 Jul, 2010 12:00am
Index manages to gain 1.64 points

Index manages to gain 1.64 points

Selective buying in some main board stocks on Monday supported the KSE-100 index to reach 10,297.68 points level with a meagre gain of 1.64 points with extremely low volumes. "The lack of leverage support remained the major reason behind the very low trad
Published 27 Jul, 2010 12:00am
Index manages to gain 1.64 points

Index manages to gain 1.64 points

Selective buying in some main board stocks on Monday supported the KSE-100 index to reach 10,297.68 points level with a meagre gain of 1.64 points with extremely low volumes. "The lack of leverage support remained the major reason behind the very low trad
Published 27 Jul, 2010 12:00am
Index manages to gain 1.64 points

Index manages to gain 1.64 points

Selective buying in some main board stocks on Monday supported the KSE-100 index to reach 10,297.68 points level with a meagre gain of 1.64 points with extremely low volumes. "The lack of leverage support remained the major reason behind the very low trad
Published 27 Jul, 2010 12:00am
Price of sugar increased by Rs 10 at USC outlets

Price of sugar increased by Rs 10 at USC outlets

The government on Monday decided to continue with the import of sugar through the much-maligned Trading Corporation of Pakistan after inconclusive talks between the private sector and the ECC-nominated special committee and senior officials. This was the
Published 27 Jul, 2010 12:00am
Price of sugar increased by Rs 10 at USC outlets

Price of sugar increased by Rs 10 at USC outlets

The government on Monday decided to continue with the import of sugar through the much-maligned Trading Corporation of Pakistan after inconclusive talks between the private sector and the ECC-nominated special committee and senior officials. This was the
Published 27 Jul, 2010 12:00am
Price of sugar increased by Rs 10 at USC outlets

Price of sugar increased by Rs 10 at USC outlets

The government on Monday decided to continue with the import of sugar through the much-maligned Trading Corporation of Pakistan after inconclusive talks between the private sector and the ECC-nominated special committee and senior officials. This was the
Published 27 Jul, 2010 12:00am
Rahat Kaunain made CCP chairperson

Rahat Kaunain made CCP chairperson

The federal government has appointed Ms Rahat Kaunain Hassan as new chairperson of Competition Commission of Pakistan (CCP), Business Recorder has learnt. Sources told Business Recorder on Monday that Prime Minister Syed Yusuf Raza Gilani ha
Published 27 Jul, 2010 12:00am
Rahat Kaunain made CCP chairperson

Rahat Kaunain made CCP chairperson

The federal government has appointed Ms Rahat Kaunain Hassan as new chairperson of Competition Commission of Pakistan (CCP), Business Recorder has learnt. Sources told Business Recorder on Monday that Prime Minister Syed Yusuf Raza Gilani ha
Published 27 Jul, 2010 12:00am
Rahat Kaunain made CCP chairperson

Rahat Kaunain made CCP chairperson

The federal government has appointed Ms Rahat Kaunain Hassan as new chairperson of Competition Commission of Pakistan (CCP), Business Recorder has learnt. Sources told Business Recorder on Monday that Prime Minister Syed Yusuf Raza Gilani ha
Published 27 Jul, 2010 12:00am
Government has to weigh three possible options

Government has to weigh three possible options

The government has to weigh three possible options to resolve the energy crisis: improve Pepco''s performance, explore cheaper generation sources, or increase tariffs by 33 percent, a well placed official in the Finance Ministry revealed exclusively to <i
Published 27 Jul, 2010 12:00am
Government has to weigh three possible options

Government has to weigh three possible options

The government has to weigh three possible options to resolve the energy crisis: improve Pepco's performance, explore cheaper generation sources, or increase tariffs by 33 percent, a well placed official in the Finance Ministry revealed exclusively to
Published 27 Jul, 2010 12:00am
Government has to weigh three possible options

Government has to weigh three possible options

The government has to weigh three possible options to resolve the energy crisis: improve Pepco's performance, explore cheaper generation sources, or increase tariffs by 33 percent, a well placed official in the Finance Ministry revealed exclusively to
Published 27 Jul, 2010 12:00am
Power tariff raised by 64 paisa per unit

Power tariff raised by 64 paisa per unit

The National Electric Power Regulatory Authority (Nepra) has once again increased power tariff by 64 paisa per unit. According to sources in Nepra, the tariff was raised under the monthly fuel adjustment formula, and will be implemented from July 1. The c
Published 27 Jul, 2010 12:00am
Power tariff raised by 64 paisa per unit

Power tariff raised by 64 paisa per unit

The National Electric Power Regulatory Authority (Nepra) has once again increased power tariff by 64 paisa per unit. According to sources in Nepra, the tariff was raised under the monthly fuel adjustment formula, and will be implemented from July 1. The c
Published 27 Jul, 2010 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (July 26, 2010).
Published 27 Jul, 2010 12:00am
Power tariff raised by 64 paisa per unit

Power tariff raised by 64 paisa per unit

The National Electric Power Regulatory Authority (Nepra) has once again increased power tariff by 64 paisa per unit. According to sources in Nepra, the tariff was raised under the monthly fuel adjustment formula, and will be implemented from July 1. The c
Published 27 Jul, 2010 12:00am
AJK Prime Minister resigns ahead of confidence vote

AJK Prime Minister resigns ahead of confidence vote

Prime Minister of Azad Jammu Kashmir, Raja Farooq Haider o Monday resigned from his office but will continue till August 6, when President AJK summons the assembly to elect new leader of the house. "We still have support of 28 members of the 49 member AJK
Published 27 Jul, 2010 12:00am
AJK Prime Minister resigns ahead of confidence vote

AJK Prime Minister resigns ahead of confidence vote

Prime Minister of Azad Jammu Kashmir, Raja Farooq Haider o Monday resigned from his office but will continue till August 6, when President AJK summons the assembly to elect new leader of the house. "We still have support of 28 members of the 49 member AJK
Published 27 Jul, 2010 12:00am
IP gas line: Pakistan may raise $1.6 billion itself

IP gas line: Pakistan may raise $1.6 billion itself

Pakistan is considering generating $1.6 billion internally to fund the Iran-Pakistan gas pipeline project as it fears foreign firms may be susceptible to US pressure, Business Recorder has learnt reliably. "The government is trying to generate fund
Published 27 Jul, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (July 26, 2010).

Published 27 Jul, 2010 12:00am
IP gas line: Pakistan may raise $1.6 billion itself

IP gas line: Pakistan may raise $1.6 billion itself

Pakistan is considering generating $1.6 billion internally to fund the Iran-Pakistan gas pipeline project as it fears foreign firms may be susceptible to US pressure, Business Recorder has learnt reliably. "The government is trying to generate fund
Published 27 Jul, 2010 12:00am
IP gas line: Pakistan may raise $1.6 billion itself

IP gas line: Pakistan may raise $1.6 billion itself

Pakistan is considering generating $1.6 billion internally to fund the Iran-Pakistan gas pipeline project as it fears foreign firms may be susceptible to US pressure, Business Recorder has learnt reliably. "The government is trying to generate fund
Published 27 Jul, 2010 12:00am
Cut expenditure, increase revenue, IMF tells government

Cut expenditure, increase revenue, IMF tells government

The International Monetary Fund (IMF) has asked the government to curtail its expenditure and increase revenue for repayment of its loan given to Pakistan under Stand-by-arrangement (SBA), officials of Finance Ministry said on Monday. They said that the I
Published 27 Jul, 2010 12:00am
Cut expenditure, increase revenue, IMF tells government

Cut expenditure, increase revenue, IMF tells government

The International Monetary Fund (IMF) has asked the government to curtail its expenditure and increase revenue for repayment of its loan given to Pakistan under Stand-by-arrangement (SBA), officials of Finance Ministry said on Monday. They said that the I
Published 27 Jul, 2010 12:00am
Cut expenditure, increase revenue, IMF tells government

Cut expenditure, increase revenue, IMF tells government

The International Monetary Fund (IMF) has asked the government to curtail its expenditure and increase revenue for repayment of its loan given to Pakistan under Stand-by-arrangement (SBA), officials of Finance Ministry said on Monday. They said that the I
Published 27 Jul, 2010 12:00am
Conference on energy crisis opens today

Conference on energy crisis opens today

Energy conference, scheduled for Tuesday (July 27) with Prime Minister Syed Yousuf Raza Gilani in the chair, will discuss ways to resolve energy crisis as well as consider extending the two-day-holiday till December-end. The conference will also attempt t
Published 27 Jul, 2010 12:00am
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