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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-11-14
Artificial control on prices to backfire: PSMA

Artificial control on prices to backfire: PSMA

The Chairman of Pakistan Sugar Mills Association (PSMA), Javed Kayani, said on Saturday that artificial control on sugar prices would prove counterproductive, like last year. Talking to Business Recorder, he said that sugar price can only stabilise when t
Published 14 Nov, 2010 12:00am
Bangladesh to purchase wheat, rice

Bangladesh to purchase wheat, rice

Bangladesh's state grains importer will issue tenders next week to buy 50,000 tonnes of wheat and 30,000 tonnes of parboiled rice as part of an effort to shore up stocks, a food official said on Friday. Shortfalls in a local procurement drive and soaring
Published 14 Nov, 2010 12:00am
Iran won't wait for foreigners to develop oilfield

Iran won't wait for foreigners to develop oilfield

Iran won't wait for foreign investors to develop joint oilfields with neighbouring states, a senior oil ministry official was quoted on Saturday as saying. The Islamic Republic, the world's fourth-largest oil producer, has been hit by international sancti
Published 14 Nov, 2010 12:00am
Subprime mortgage pioneer C-Bass files bankruptcy

Subprime mortgage pioneer C-Bass files bankruptcy

C-Bass, a pioneer in the packaging of subprime mortgages into securities that investors could buy, filed for Chapter 11 protection, three years after a restructuring was designed to keep it out of bankruptcy. The company, whose full name is Credit-Based A
Published 14 Nov, 2010 12:00am
Britain launches fresh drive on tax havens

Britain launches fresh drive on tax havens

Britain is holding talks aimed at striking deals with three more countries where its residents deposit money in banks in a bid to avoid paying tax, finance minister George Osborne said Saturday. Officials hope that the deals, combined with previous agreem
Published 14 Nov, 2010 12:00am
ECB support temporary not QE, backs recovery: Trichet

ECB support temporary not QE, backs recovery: Trichet

The European Central Bank's crisis support measures are temporary in nature and should not be confused with quantitative easing, European Central Bank President Jean-Claude Trichet said on Saturday.
Published 14 Nov, 2010 12:00am
IMF says Ireland can manage amid EU rescue talks

IMF says Ireland can manage amid EU rescue talks

Ireland can manage on its own, the head of the International Monetary Fund said on Saturday, a day after eurozone sources told Reuters the former "Celtic Tiger" was in talks about a possible EU rescue. IMF Managing Director Dominique Strauss-Kahn told rep
Published 14 Nov, 2010 12:00am
Japan to open economy after lagging behind on free trade

Japan to open economy after lagging behind on free trade

Japanese Prime Minister Naoto Kan on Saturday admitted his country is "lagging behind" in terms of free trade and promised to open up its sluggish economy to Asia and the world. "Many countries in the world, especially in this Apec region, are proactively
Published 14 Nov, 2010 12:00am
Goldman stops clearing for some US clients

Goldman stops clearing for some US clients

Goldman Sachs Group Inc has stopped providing clearing services for some of the Wall Street bank's smallest US clients, Bloomberg reported on Friday, citing unnamed sources. Clients that manage less than $5 million were the target, though not all were dec
Published 14 Nov, 2010 12:00am
Greece to cut spending further in 2011

Greece to cut spending further in 2011

Greece will target extra spending cuts worth about two percent of GDP in its 2011 budget, a senior government official said on Saturday after a special cabinet meeting gathered ahead of a visit by EU/IMF inspectors.
Published 14 Nov, 2010 12:00am
Bulgaria, Russia boost South Stream pipeline

Bulgaria, Russia boost South Stream pipeline

Russia and Bulgaria signed on Saturday accords to push ahead with the South Stream natural gas pipeline aimed to deliver gas to central and south Europe and cement Moscow's hold on European energy supplies.
Published 14 Nov, 2010 12:00am
Russia, Japan, China firms in billion dollar fertiliser deal

Russia, Japan, China firms in billion dollar fertiliser deal

Russian President Dmitry Medvedev on Saturday oversaw the signing of a one-billion-dollar deal with Japanese and Chinese firms for a fertiliser plant, despite diplomatic tensions with Tokyo. Russian government-affiliated Ammoni signed a contract with Japa
Published 14 Nov, 2010 12:00am
General Motors has orders for $60 billion in stock

General Motors has orders for $60 billion in stock

General Motors Co's landmark initial public offering has already garnered $60 billion in orders, six times the amount it had planned to raise, in a sign of healthy investor interest for the massive automaker that was in desperate straits just over a year
Published 14 Nov, 2010 12:00am
Government sells spoils of Madoff's lavish life

Government sells spoils of Madoff's lavish life

Anyone who literally wants to walk in the shoes of fallen financier Bernard Madoff is in luck. Thousands of belongings from his New York City penthouse are on the auction block Saturday, including used shoes. A Steinway grand piano from Madoff's living ro
Published 14 Nov, 2010 12:00am
Madoff trustee sues former employees for $70 million

Madoff trustee sues former employees for $70 million

The trustee liquidating Bernard Madoff's investment management firm on Friday sued five of the imprisoned Ponzi schemer's former employees, seeking to recover $70 million he said they withdrew improperly. Lawsuits were filed in the US bankruptcy court in
Published 14 Nov, 2010 12:00am
National University of Science & Technology

National University of Science & Technology

SPECIAL REPORT: NUST Business School (NBS), a constituent college of national University of Sciences and Technology (NUST), which is characterised by number of distinguishing features
Published 14 Nov, 2010 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Myanmar frees democracy icon Suu Kyi

Myanmar frees democracy icon Suu Kyi

Myanmar's democracy leader Aung San Suu Kyi walked free Saturday after seven years as a prisoner in her own home, calling on a sea of jubilant supporters to unite in the face of repression. Waving and smiling, the Nobel Peace Prize winner appeared outside
Published 14 Nov, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Myanmar frees democracy icon Suu Kyi

Myanmar frees democracy icon Suu Kyi

Myanmar's democracy leader Aung San Suu Kyi walked free Saturday after seven years as a prisoner in her own home, calling on a sea of jubilant supporters to unite in the face of repression. Waving and smiling, the Nobel Peace Prize winner appeared outside
Published 14 Nov, 2010 12:00am
IMF chief says US pushed too fast at G20

IMF chief says US pushed too fast at G20

The United States, which was dealt a trade policy slap-down at a G20 summit, pushed its ideas too fast at a time when the mood for co-operation has waned, the IMF chief said Saturday. The Group of 20 summit knocked back US proposals for binding targets to
Published 14 Nov, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
IMF chief says US pushed too fast at G20

IMF chief says US pushed too fast at G20

The United States, which was dealt a trade policy slap-down at a G20 summit, pushed its ideas too fast at a time when the mood for co-operation has waned, the IMF chief said Saturday. The Group of 20 summit knocked back US proposals for binding targets to
Published 14 Nov, 2010 12:00am
IMF chief says US pushed too fast at G20

IMF chief says US pushed too fast at G20

The United States, which was dealt a trade policy slap-down at a G20 summit, pushed its ideas too fast at a time when the mood for co-operation has waned, the IMF chief said Saturday. The Group of 20 summit knocked back US proposals for binding targets to
Published 14 Nov, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Next IMF tranche: Pakistan's prospects improve

Next IMF tranche: Pakistan's prospects improve

A 10-day long International Monetary Fund's (IMF) review of Pakistan's economy has concluded here at a positive note as its visiting mission has finally shown willingness to take Islamabad's case to its board of directors (BoDs) for at least one tranche o
Published 14 Nov, 2010 12:00am
Next IMF tranche: Pakistan's prospects improve

Next IMF tranche: Pakistan's prospects improve

A 10-day long International Monetary Fund's (IMF) review of Pakistan's economy has concluded here at a positive note as its visiting mission has finally shown willingness to take Islamabad's case to its board of directors (BoDs) for at least one tranche o
Published 14 Nov, 2010 12:00am
Next IMF tranche: Pakistan''s prospects improve

Next IMF tranche: Pakistan''s prospects improve

A 10-day long International Monetary Fund''s (IMF) review of Pakistan''s economy has concluded here at a positive note as its visiting mission has finally shown willingness to take Islamabad''s case to its board of directors (BoDs) for at least one tranch
Published 14 Nov, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (November 13, 2010) and for Sunday (November 14, 2010)
Published 14 Nov, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Reformed GST: government and business community on war path

Reformed GST: government and business community on war path

The business community is on the war path with the government as the Federation of Chambers of Commerce and Industry (FPCCI) has rejected the proposed Reformed General Sales Tax (RGST), saying it is a recipe for destroying businesses and trade in Pakistan
Published 14 Nov, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Reformed GST: government and business community on war path

Reformed GST: government and business community on war path

The business community is on the war path with the government as the Federation of Chambers of Commerce and Industry (FPCCI) has rejected the proposed Reformed General Sales Tax (RGST), saying it is a recipe for destroying businesses and trade in Pakistan
Published 14 Nov, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 13, 2010).

Published 14 Nov, 2010 12:00am
Reformed GST: government and business community on war path

Reformed GST: government and business community on war path

The business community is on the war path with the government as the Federation of Chambers of Commerce and Industry (FPCCI) has rejected the proposed Reformed General Sales Tax (RGST), saying it is a recipe for destroying businesses and trade in Pakistan
Published 14 Nov, 2010 12:00am
The Weather

The Weather

The weather report on Saturday (November 13, 2010) and the forecast for Sunday (November 14, 2010).

Published 14 Nov, 2010 12:00am
Obama backs Japan for UN Security Council

Obama backs Japan for UN Security Council

US President Barack Obama said Saturday that Japan was a model of the kind of country that should be a permanent member of the United Nations Security Council. He also said at a bilateral meeting with Japanese Prime Minister Naoto Kan that he had invited
Published 14 Nov, 2010 12:00am
Airbase attacked; 10 killed in Afghan market bombing

Airbase attacked; 10 killed in Afghan market bombing

The Taliban launched a pre-dawn attack on a Nato base in eastern Afghanistan on Saturday, triggering a firefight with foreign and Afghan forces that left eight militants dead. Another 10 people, including three children, were killed in a motorcycle bombin
Published 14 Nov, 2010 12:00am
Airbase attacked; 10 killed in Afghan market bombing

Airbase attacked; 10 killed in Afghan market bombing

The Taliban launched a pre-dawn attack on a Nato base in eastern Afghanistan on Saturday, triggering a firefight with foreign and Afghan forces that left eight militants dead. Another 10 people, including three children, were killed in a motorcycle bombin
Published 14 Nov, 2010 12:00am
Training in tribal zones: French charges four men as suspects

Training in tribal zones: French charges four men as suspects

A judicial official says that four men suspected of belonging to a network sending French residents to the tribal zones of the Pakistan-Afghanistan border to train for combat have been charged. A woman who was detained with them has been released. The off
Published 14 Nov, 2010 12:00am
Training in tribal zones: French charges four men as suspects

Training in tribal zones: French charges four men as suspects

A judicial official says that four men suspected of belonging to a network sending French residents to the tribal zones of the Pakistan-Afghanistan border to train for combat have been charged. A woman who was detained with them has been released. The off
Published 14 Nov, 2010 12:00am
Hectic talks on for FTAs with US, other countries: Fahim

Hectic talks on for FTAs with US, other countries: Fahim

Federal Commerce Minister Amin Fahim has said that hectic talks are on to win Free Trade Agreements with the United States and other countries, while the government is optimistic about the positive outcome in near future. Because of the ongoing economic r
Published 14 Nov, 2010 12:00am
Hectic talks on for FTAs with US, other countries: Fahim

Hectic talks on for FTAs with US, other countries: Fahim

Federal Commerce Minister Amin Fahim has said that hectic talks are on to win Free Trade Agreements with the United States and other countries, while the government is optimistic about the positive outcome in near future. Because of the ongoing economic r
Published 14 Nov, 2010 12:00am
Hectic talks on for FTAs with US, other countries: Fahim

Hectic talks on for FTAs with US, other countries: Fahim

Federal Commerce Minister Amin Fahim has said that hectic talks are on to win Free Trade Agreements with the United States and other countries, while the government is optimistic about the positive outcome in near future. Because of the ongoing economic r
Published 14 Nov, 2010 12:00am
Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia's communications authority unblocked Facebook on Saturday after shutting down the popular social networking website for a few hours. An official with Saudi's Communications and Information Technology Commission said the kingdom blocked the si
Published 14 Nov, 2010 12:00am
Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia's communications authority unblocked Facebook on Saturday after shutting down the popular social networking website for a few hours. An official with Saudi's Communications and Information Technology Commission said the kingdom blocked the si
Published 14 Nov, 2010 12:00am
Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia unblocks Facebook after brief ban

Saudi Arabia''s communications authority unblocked Facebook on Saturday after shutting down the popular social networking website for a few hours. An official with Saudi''s Communications and Information Technology Commission said the kingdom blocked the
Published 14 Nov, 2010 12:00am
Obama backs Japan for UN Security Council

Obama backs Japan for UN Security Council

US President Barack Obama said Saturday that Japan was a model of the kind of country that should be a permanent member of the United Nations Security Council. He also said at a bilateral meeting with Japanese Prime Minister Naoto Kan that he had invited
Published 14 Nov, 2010 12:00am
ANP won't support levy of new taxes: Asfandyar

ANP won't support levy of new taxes: Asfandyar

Awami National Party (ANP) Chief Asfandyar Wali Khan has said the party will not support levy of any new tax in the country. Addressing a news conference here at Chief Minister's House on Saturday, he said that the people were already braving sky rocketin
Published 14 Nov, 2010 12:00am
SSGC sets up free medical camp

SSGC sets up free medical camp

SSGC's Medical Services Department organised a day-long free medical camp for the flood victims at Government Allama Iqbal High School, Sohrab Goth as part of the Company's Corporate Social Responsibility (CSR) initiative. The camp in-charge was Squadron
Published 14 Nov, 2010 12:00am
Celebrating Eid: number of people going upcountry declining

Celebrating Eid: number of people going upcountry declining

The number of people going upcountry to celebrate Eid with their families has declined particularly for the last two years. General Secretary, Sindh air-conditioned Bus Owners Association, Haji Abul Rauf Khan Niazi while talking to Business Recorder </
Published 14 Nov, 2010 12:00am
ANP leader dies in Quetta

ANP leader dies in Quetta

The central leader of ANP and tribal chief of Achakzai tribe, Sardar Jilani Khan Achakzai succumbed to injuries and breath his last here at Combine Military Hospital on Saturday. The ANP central Deputy General Secretary, Haji Jilani Khan Achakzai along wi
Published 14 Nov, 2010 12:00am
'Balanced diet, proper medication useful for treatment of diabetes'

'Balanced diet, proper medication useful for treatment of diabetes'

Healthy and balance diet, regular physical activity and proper medication could be useful for treatment of diabetes. This was stated by Dr Asma Yawar, Diabetologist and Endocrinologist, Kidney Centre Post Graduate Training Institute in a press conference
Published 14 Nov, 2010 12:00am
PBBF plans to take Belgian Food Festival to national level

PBBF plans to take Belgian Food Festival to national level

Pakistan Belgium Business Forum (PBBF) is planning to take Belgian Food Festival to the national level, said Mohammed A. Rajpar, President PBBF while addressing the inauguration ceremony of Belgian Food Festival organised by PBBF and Marriot Karachi with
Published 14 Nov, 2010 12:00am
US trial unlikely for 9/11 suspect Khalid Sheikh

US trial unlikely for 9/11 suspect Khalid Sheikh

The self-proclaimed mastermind of the September 11, 2001, attacks probably will remain in military detention without trial for the foreseeable future, The Washington Post reported on Saturday, citing Obama administration officials.
Published 14 Nov, 2010 12:00am
US trial unlikely for 9/11 suspect Khalid Sheikh

US trial unlikely for 9/11 suspect Khalid Sheikh

The self-proclaimed mastermind of the September 11, 2001, attacks probably will remain in military detention without trial for the foreseeable future, The Washington Post reported on Saturday, citing Obama administration officials.
Published 14 Nov, 2010 12:00am
Exports made zero-rated under RGST regime: Fauzia Wahab

Exports made zero-rated under RGST regime: Fauzia Wahab

Chairperson National Assembly's Standing Committee on Finance and Revenue, Fouzia Wahab, on Friday told business community that all exports have been made zero rated under Reformed General Sales Tax (RGST). Addressing members of Karachi Chamber of Commerc
Published 14 Nov, 2010 12:00am
Qaim visits Bhutto family's graveyard

Qaim visits Bhutto family's graveyard

Sindh Chief Minister and President PPP Sindh Syed Qaim Ali Shah, visited the graves of the martyrs of Bhutto family in Garhi Khuda Bakhsh, on Saturday. He visited the grave of Shaheed chairperson of PPP and former prime minister Mohtarma Benazir Bhutto. H
Published 14 Nov, 2010 12:00am
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