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Print - 2010-07-30
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 30 Jul, 2010 12:00am
US 'suspect' detained by Gwadar police

US 'suspect' detained by Gwadar police

Balochistan police claim to have detained an American citizen involved in suspicious activities at Pak-Iran border Thursday evening, Business Recorder learnt. When contacted, Richard Snelsire, Spokesman of the US Embassy in Islamabad, expressed his
Published 30 Jul, 2010 12:00am
US 'suspect' detained by Gwadar police

US 'suspect' detained by Gwadar police

Balochistan police claim to have detained an American citizen involved in suspicious activities at Pak-Iran border Thursday evening, Business Recorder learnt. When contacted, Richard Snelsire, Spokesman of the US Embassy in Islamabad, expressed his
Published 30 Jul, 2010 12:00am
Obama convenes Afghan war cabinet

Obama convenes Afghan war cabinet

US President Barack Obama on Thursday convened the first meeting of his Afghan war council since the leak of documents containing damaging claims about the conduct of the conflict. Obama gathered top officials including Secretary of Defence Robert Gates,
Published 30 Jul, 2010 12:00am
Obama convenes Afghan war cabinet

Obama convenes Afghan war cabinet

US President Barack Obama on Thursday convened the first meeting of his Afghan war council since the leak of documents containing damaging claims about the conduct of the conflict. Obama gathered top officials including Secretary of Defence Robert Gates,
Published 30 Jul, 2010 12:00am
Genco, Hubco, KESC and Kapco: PSO threatens to cut fuel supplies

Genco, Hubco, KESC and Kapco: PSO threatens to cut fuel supplies

Pakistan State Oil (PSO) with accumulated receivables as high as Rs 140 billion, has warned Genco, Hubco, KESC and Kapco that it would discontinue supply of fuel on credit basis from August 1, 2010 if they fail to clear dues amounting to over Rs 126 billi
Published 30 Jul, 2010 12:00am
Genco, Hubco, KESC and Kapco: PSO threatens to cut fuel supplies

Genco, Hubco, KESC and Kapco: PSO threatens to cut fuel supplies

Pakistan State Oil (PSO) with accumulated receivables as high as Rs 140 billion, has warned Genco, Hubco, KESC and Kapco that it would discontinue supply of fuel on credit basis from August 1, 2010 if they fail to clear dues amounting to over Rs 126 billi
Published 30 Jul, 2010 12:00am
Genco, Hubco, KESC and Kapco: PSO threatens to cut fuel supplies

Genco, Hubco, KESC and Kapco: PSO threatens to cut fuel supplies

Pakistan State Oil (PSO) with accumulated receivables as high as Rs 140 billion, has warned Genco, Hubco, KESC and Kapco that it would discontinue supply of fuel on credit basis from August 1, 2010 if they fail to clear dues amounting to over Rs 126 billi
Published 30 Jul, 2010 12:00am
Pepco warned of discontinuing fuel supplies from August 1

Pepco warned of discontinuing fuel supplies from August 1

The cash strapped Pakistan State Oil (PSO) has warned Pakistan Electric Power Company (Pepco) to discontinue fuel supplies from August 1, 2010 onwards, if L/Cs are not opened for furnace oil/HSD supplies for respective fortnights and GENCOs. PSO in its le
Published 30 Jul, 2010 12:00am
Pepco warned of discontinuing fuel supplies from August 1

Pepco warned of discontinuing fuel supplies from August 1

The cash strapped Pakistan State Oil (PSO) has warned Pakistan Electric Power Company (Pepco) to discontinue fuel supplies from August 1, 2010 onwards, if L/Cs are not opened for furnace oil/HSD supplies for respective fortnights and GENCOs. PSO in its le
Published 30 Jul, 2010 12:00am
Pepco warned of discontinuing fuel supplies from August 1

Pepco warned of discontinuing fuel supplies from August 1

The cash strapped Pakistan State Oil (PSO) has warned Pakistan Electric Power Company (Pepco) to discontinue fuel supplies from August 1, 2010 onwards, if L/Cs are not opened for furnace oil/HSD supplies for respective fortnights and GENCOs. PSO in its le
Published 30 Jul, 2010 12:00am
India wants Kohinoor diamond back, Cameron says no

India wants Kohinoor diamond back, Cameron says no

The real jewel in Britain''s actual crown will not be returning to India, Prime Minister David Cameron said Thursday, as he ruled out any repatriation of the famed Kohinoor diamond. The 105 carat gemstone set in the coronation crown of the British royals
Published 30 Jul, 2010 12:00am
India wants Kohinoor diamond back, Cameron says no

India wants Kohinoor diamond back, Cameron says no

The real jewel in Britain's actual crown will not be returning to India, Prime Minister David Cameron said Thursday, as he ruled out any repatriation of the famed Kohinoor diamond. The 105 carat gemstone set in the coronation crown of the British royals w
Published 30 Jul, 2010 12:00am
India wants Kohinoor diamond back, Cameron says no

India wants Kohinoor diamond back, Cameron says no

The real jewel in Britain's actual crown will not be returning to India, Prime Minister David Cameron said Thursday, as he ruled out any repatriation of the famed Kohinoor diamond. The 105 carat gemstone set in the coronation crown of the British royals w
Published 30 Jul, 2010 12:00am
War leak may have severe consequences: Gates

War leak may have severe consequences: Gates

The unprecedented leak of secret US military reports this week about the war in Afghanistan could have potentially severe consequences for US troops and their allies, and could cost people their lives, US Defence Secretary Robert Gates said on Thursday.
Published 30 Jul, 2010 12:00am
War leak may have severe consequences: Gates

War leak may have severe consequences: Gates

The unprecedented leak of secret US military reports this week about the war in Afghanistan could have potentially severe consequences for US troops and their allies, and could cost people their lives, US Defence Secretary Robert Gates said on Thursday.
Published 30 Jul, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (July 29, 2010).
Published 30 Jul, 2010 12:00am
Pakistan to receive $3 billion from Friends in October: Qureshi

Pakistan to receive $3 billion from Friends in October: Qureshi

Foreign Minister Shah Mehmood Qureshi on Thursday said Pakistan will receive remaining $3 billion pledged by the Friends of Democratic Pakistan (FoDP) by October this year. Talking to media at the farewell ceremony for Pakistani youth delegates participat
Published 30 Jul, 2010 12:00am
Pakistan to receive $3 billion from Friends in October: Qureshi

Pakistan to receive $3 billion from Friends in October: Qureshi

Foreign Minister Shah Mehmood Qureshi on Thursday said Pakistan will receive remaining $3 billion pledged by the Friends of Democratic Pakistan (FoDP) by October this year. Talking to media at the farewell ceremony for Pakistani youth delegates participat
Published 30 Jul, 2010 12:00am
Pakistan to receive $3 billion from Friends in October: Qureshi

Pakistan to receive $3 billion from Friends in October: Qureshi

Foreign Minister Shah Mehmood Qureshi on Thursday said Pakistan will receive remaining $3 billion pledged by the Friends of Democratic Pakistan (FoDP) by October this year. Talking to media at the farewell ceremony for Pakistani youth delegates participat
Published 30 Jul, 2010 12:00am
Zardari to leave for France on Sunday

Zardari to leave for France on Sunday

President Asif Ali Zardari will pay a three day visit to France from August one for wide ranging talks with French leadership on bilateral, regional and global issues. It will be the second important engagement of President Zardari with French leaders fol
Published 30 Jul, 2010 12:00am
Zardari to leave for France on Sunday

Zardari to leave for France on Sunday

President Asif Ali Zardari will pay a three day visit to France from August one for wide ranging talks with French leadership on bilateral, regional and global issues. It will be the second important engagement of President Zardari with French leaders fol
Published 30 Jul, 2010 12:00am
Pakistan''s foreign reserves decline by $14.39 million

Pakistan''s foreign reserves decline by $14.39 million

The country''s liquid foreign reserves have declined by 14.39 million dollar during a week. According to the State Bank of Pakistan overall foreign reserves stood at 16.557 million dollar as on July 23, 2010, as compared to 16.701 million dollar on July 1
Published 30 Jul, 2010 12:00am
Pakistan's foreign reserves decline by $14.39 million

Pakistan's foreign reserves decline by $14.39 million

The country's liquid foreign reserves have declined by 14.39 million dollar during a week. According to the State Bank of Pakistan overall foreign reserves stood at 16.557 million dollar as on July 23, 2010, as compared to 16.701 million dollar on July 16
Published 30 Jul, 2010 12:00am
Pakistan's foreign reserves decline by $14.39 million

Pakistan's foreign reserves decline by $14.39 million

The country's liquid foreign reserves have declined by 14.39 million dollar during a week. According to the State Bank of Pakistan overall foreign reserves stood at 16.557 million dollar as on July 23, 2010, as compared to 16.701 million dollar on July 16
Published 30 Jul, 2010 12:00am
Bangladesh court bans religion in politics

Bangladesh court bans religion in politics

Bangladesh's Supreme Court has reinstated a ban on Islamic political parties in the latest blow to religious hard-liners in the impoverished South Asian country, a minister said Thursday. In a detailed, 1 that had allowed religious political parties to fl
Published 30 Jul, 2010 12:00am
Bangladesh court bans religion in politics

Bangladesh court bans religion in politics

Bangladesh's Supreme Court has reinstated a ban on Islamic political parties in the latest blow to religious hard-liners in the impoverished South Asian country, a minister said Thursday. In a detailed, 1 that had allowed religious political parties to fl
Published 30 Jul, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 29, 2010).
Published 30 Jul, 2010 12:00am
ISE index down 3.60 points

ISE index down 3.60 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in the index. ISE Ten Index was down by 03.60 points, as the Index moved from 2,652.45 to 2,648.85 poi
Published 30 Jul, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 29, 2010).
Published 30 Jul, 2010 12:00am
ISE index down 3.60 points

ISE index down 3.60 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in the index. ISE Ten Index was down by 03.60 points, as the Index moved from 2,652.45 to 2,648.85 poi
Published 30 Jul, 2010 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities kept on moving up and down and finally ended in negative zone amid decreased trading turnover. The LSE-25 index lost 12.78 points and was closed at 3357.35 against 33
Published 30 Jul, 2010 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 Thursday (July 29, 2010).
Published 30 Jul, 2010 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities kept on moving up and down and finally ended in negative zone amid decreased trading turnover. The LSE-25 index lost 12.78 points and was closed at 3357.35 against 33
Published 30 Jul, 2010 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 Thursday (July 29, 2010).
Published 30 Jul, 2010 12:00am
Rains hamper black box search

Rains hamper black box search

Pakistan observed a day of mourning on Thursday to commemorate the 152 victims of the crash of Airblue plane Air Bus A321 at Margalla Hills. The National Flag at Presidency, Parliament House, Supreme Court, Prime Minister House and Secretariat and all gov
Published 30 Jul, 2010 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 Thursday (July 29, 2010).
Published 30 Jul, 2010 12:00am
Rains hamper black box search

Rains hamper black box search

Pakistan observed a day of mourning on Thursday to commemorate the 152 victims of the crash of Airblue plane Air Bus A321 at Margalla Hills. The National Flag at Presidency, Parliament House, Supreme Court, Prime Minister House and Secretariat and all gov
Published 30 Jul, 2010 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 Thursday (July 29, 2010).
Published 30 Jul, 2010 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 Comm
Published 30 Jul, 2010 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 30 Jul, 2010 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.
Published 30 Jul, 2010 12:00am
President signs Islamabad High Court Bill, 2010

President signs Islamabad High Court Bill, 2010

President Asif Ali Zardari on Thursday accorded his assent to Islamabad High Court Bill, 2010, for establishing of a High Court for Islamabad Capital Territory. The assent was accorded during a signing ceremony held at Aiwan-e-Sadr. Federal Minister for L
Published 30 Jul, 2010 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.
Published 30 Jul, 2010 12:00am
President signs Islamabad High Court Bill, 2010

President signs Islamabad High Court Bill, 2010

President Asif Ali Zardari on Thursday accorded his assent to Islamabad High Court Bill, 2010, for establishing of a High Court for Islamabad Capital Territory. The assent was accorded during a signing ceremony held at Aiwan-e-Sadr. Federal Minister for L
Published 30 Jul, 2010 12:00am
Zardari for early completion of probe

Zardari for early completion of probe

President Asif Ali Zardari on Thursday directed for early completion of the probe to ascertain the real causes of the air crash incident that resulted in heavy loss of precious human lives. President was talking to Prime Minister Syed Yousaf Raza Gilani w
Published 30 Jul, 2010 12:00am
Fiscal review 2010

Fiscal review 2010

At Business Recorder, our mission is to be the most credible and reliable information source particularly on matters of economics and finance. For more than 45 years this newspaper is known for its comprehensive coverage of economic policy making,
Published 30 Jul, 2010 12:00am
FED on foreign air tickets: discrimination alleged

FED on foreign air tickets: discrimination alleged

A letter sent by an Asian airline to the chief of the Federal Board of Revenue (FBR) has accused the Karachi''s Large Taxpayers Unit (LTU) for charging the Federal Excise Duty (FED) only from that airline and sparing other foreign and local carriers, B
Published 30 Jul, 2010 12:00am
Fiscal review 2010

Fiscal review 2010

At Business Recorder, our mission is to be the most credible and reliable information source particularly on matters of economics and finance. For more than 45 years this newspaper is known for its comprehensive coverage of economic policy making,
Published 30 Jul, 2010 12:00am
FED on foreign air tickets: discrimination alleged

FED on foreign air tickets: discrimination alleged

A letter sent by an Asian airline to the chief of the Federal Board of Revenue (FBR) has accused the Karachi's Large Taxpayers Unit (LTU) for charging the Federal Excise Duty (FED) only from that airline and sparing other foreign and local carriers, Bu
Published 30 Jul, 2010 12:00am
Fiscal review 2010

Fiscal review 2010

At Business Recorder, our mission is to be the most credible and reliable information source particularly on matters of economics and finance. For more than 45 years this newspaper is known for its comprehensive coverage of economic policy making,
Published 30 Jul, 2010 12:00am
FED on foreign air tickets: discrimination alleged

FED on foreign air tickets: discrimination alleged

A letter sent by an Asian airline to the chief of the Federal Board of Revenue (FBR) has accused the Karachi's Large Taxpayers Unit (LTU) for charging the Federal Excise Duty (FED) only from that airline and sparing other foreign and local carriers, Bu
Published 30 Jul, 2010 12:00am
Ivory Coast cocoa prices down

Ivory Coast cocoa prices down

Cocoa farmgate prices in Ivory Coast's main growing regions fell last week as beans were mouldy, though quality was expected to start to improve due to recent sunshine in the top grower nation, farmers and exporters said on Thursday. "The moisture level w
Published 30 Jul, 2010 12:00am
New poll: Zardari fares poorly; Kayani more popular

New poll: Zardari fares poorly; Kayani more popular

Only one in five Pakistanis view their president, Asif Ali Zardari, favourably while the country's army chief gets a more positive rating, according to a new opinion poll released on Thursday. The US-based Pew Research Center said of about 2,000 adults in
Published 30 Jul, 2010 12:00am
US wheat futures higher

US wheat futures higher

US wheat futures edged higher on Thursday, after powering to 13-month highs a day earlier, with concerns that drought in Russia will slash grain exports still dominating sentiment. Corn and soybean prices rose up to 0.5 percent, with both seen benefiting
Published 30 Jul, 2010 12:00am
New poll: Zardari fares poorly; Kayani more popular

New poll: Zardari fares poorly; Kayani more popular

Only one in five Pakistanis view their president, Asif Ali Zardari, favourably while the country's army chief gets a more positive rating, according to a new opinion poll released on Thursday. The US-based Pew Research Center said of about 2,000 adults in
Published 30 Jul, 2010 12:00am
Karachi Port activities

Karachi Port activities

The Karachi Port handled 108,387 tonnes of cargo including 84,000 tonnes of import cargo; 24,387 tonnes of export cargo and 3,370 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 84,000 tonnes com
Published 30 Jul, 2010 12:00am
BRIndex30 down by 23.52 points

BRIndex30 down by 23.52 points

On Thursday, BRIndex30 opened at 8,333.4 and displayed fluctuations throughout the trading session. It touched an intraday high of 8,370.81 and an intraday low of 8,304.20 and closed at 8,309.88, which is -23.52 points or -0.28 percent lower than yesterda
Published 30 Jul, 2010 12:00am