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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-12-04
FDI in telecom sector stands at $1.13 billion in fiscal year 2010

FDI in telecom sector stands at $1.13 billion in fiscal year 2010

Total Foreign Direct Investment (FDI) in the telecom sector stood at $1.13 billion in 2009-10 which is about $508 million less than the previous fiscal year. Cellular mobile share in total stake remained about 80 percent as $908 million were spent on infr
Published 04 Dec, 2010 12:00am
Ministry refuses to finance Rs 18 billion water project

Ministry refuses to finance Rs 18 billion water project

Ministry of Finance has refused to bear the financing of a project, "Water Conservation and Productivity Enhancement through High Efficiency Irrigation Systems" (HEIS), costing Rs 18 billion after provinces expressed serious concerns over the directives o
Published 04 Dec, 2010 12:00am
Ministry refuses to finance Rs 18 billion water project

Ministry refuses to finance Rs 18 billion water project

Ministry of Finance has refused to bear the financing of a project, "Water Conservation and Productivity Enhancement through High Efficiency Irrigation Systems" (HEIS), costing Rs 18 billion after provinces expressed serious concerns over the directives o
Published 04 Dec, 2010 12:00am
Ministry refuses to finance Rs 18 billion water project

Ministry refuses to finance Rs 18 billion water project

Ministry of Finance has refused to bear the financing of a project, "Water Conservation and Productivity Enhancement through High Efficiency Irrigation Systems" (HEIS), costing Rs 18 billion after provinces expressed serious concerns over the directives o
Published 04 Dec, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 03, 2010).

Published 04 Dec, 2010 12:00am
Brazil recognises Palestinian state

Brazil recognises Palestinian state

Brazil says it has recognised the state of Palestine based on borders at the time of Israel's 1967 conquest of the West Bank. The Foreign Ministry says the recognition is in response to a request made by Palestinian President Mahmoud Abbas last month to P
Published 04 Dec, 2010 12:00am
Brazil recognises Palestinian state

Brazil recognises Palestinian state

Brazil says it has recognised the state of Palestine based on borders at the time of Israel's 1967 conquest of the West Bank. The Foreign Ministry says the recognition is in response to a request made by Palestinian President Mahmoud Abbas last month to P
Published 04 Dec, 2010 12:00am
SECP fines eight defaulting insurance companies

SECP fines eight defaulting insurance companies

As part of its enforcement and regulatory function, the Insurance Division of the Securities and Exchange Commission of Pakistan (SECP) passed eight orders, imposing fine on defaulting insurance companies in the month of November, mainly on the grounds of
Published 04 Dec, 2010 12:00am
SECP fines eight defaulting insurance companies

SECP fines eight defaulting insurance companies

As part of its enforcement and regulatory function, the Insurance Division of the Securities and Exchange Commission of Pakistan (SECP) passed eight orders, imposing fine on defaulting insurance companies in the month of November, mainly on the grounds of
Published 04 Dec, 2010 12:00am
SECP fines eight defaulting insurance companies

SECP fines eight defaulting insurance companies

As part of its enforcement and regulatory function, the Insurance Division of the Securities and Exchange Commission of Pakistan (SECP) passed eight orders, imposing fine on defaulting insurance companies in the month of November, mainly on the grounds of
Published 04 Dec, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Dec, 2010 12:00am
LHC dismisses petition seeking ban on WikiLeaks

LHC dismisses petition seeking ban on WikiLeaks

The Lahore High Court (LHC) here on Friday dismissed a petition seeking ban on access to website WikiLeaks in Pakistan, declaring it against fundamental right of people to access information. The court passed this order after hearing arguments of petition
Published 04 Dec, 2010 12:00am
LHC dismisses petition seeking ban on WikiLeaks

LHC dismisses petition seeking ban on WikiLeaks

The Lahore High Court (LHC) here on Friday dismissed a petition seeking ban on access to website WikiLeaks in Pakistan, declaring it against fundamental right of people to access information. The court passed this order after hearing arguments of petition
Published 04 Dec, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Dec, 2010 12:00am
LSE index gains 26.95 points

LSE index gains 26.95 points

Bullish sentiments continued prevail on the Lahore Stock Exchange (LSE) for the second consecutive day on Friday and the equities extended further gains amid ascending transaction volume on account of fresh buying. The LSE-25 index gained 26.95 points and
Published 04 Dec, 2010 12:00am
LSE index gains 26.95 points

LSE index gains 26.95 points

Bullish sentiments continued prevail on the Lahore Stock Exchange (LSE) for the second consecutive day on Friday and the equities extended further gains amid ascending transaction volume on account of fresh buying. The LSE-25 index gained 26.95 points and
Published 04 Dec, 2010 12:00am
Kayani meets Zardari

Kayani meets Zardari

Chief of the Army Staff General Ashfaq Pervez Kayani on Friday met President Asif Ali Zardari in which host of issues of bilateral interest including operational preparedness of Armed Forces, preparations and training was discussed in depth, Aaj News <
Published 04 Dec, 2010 12:00am
Appointment of judges: PCCR approves recommendations

Appointment of judges: PCCR approves recommendations

The Parliamentary Committee on Constitutional Reforms (PCCR) on Friday unanimously approved the recommendations for appointment of judges and constituted a six- member sub-committee to finalise the draft of the 19th amendment bill. The committee met with
Published 04 Dec, 2010 12:00am
Appointment of judges: PCCR approves recommendations

Appointment of judges: PCCR approves recommendations

The Parliamentary Committee on Constitutional Reforms (PCCR) on Friday unanimously approved the recommendations for appointment of judges and constituted a six- member sub-committee to finalise the draft of the 19th amendment bill. The committee met with
Published 04 Dec, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (December 03, 2010).

Published 04 Dec, 2010 12:00am
US pressing for Saudi help in Pakistan

US pressing for Saudi help in Pakistan

The United States has been pushing its powerhouse ally Saudi Arabia to help stabilise Pakistan and Afghanistan, but it has struggled to overcome the kingdom's deep mistrust of Pakistan's president and doubts over US strategy for reining in militants, leak
Published 04 Dec, 2010 12:00am
US pressing for Saudi help in Pakistan

US pressing for Saudi help in Pakistan

The United States has been pushing its powerhouse ally Saudi Arabia to help stabilise Pakistan and Afghanistan, but it has struggled to overcome the kingdom's deep mistrust of Pakistan's president and doubts over US strategy for reining in militants, leak
Published 04 Dec, 2010 12:00am
An attempt to harm country's image: DCC

An attempt to harm country's image: DCC

The Defence Committee of the Cabinet (DCC) on Friday termed the release of US diplomatic cables by WikiLeaks an attempt to harm the image of the country, a private TV channel reported. According to the channel, the committee, which met in Islamabad at Pri
Published 04 Dec, 2010 12:00am
An attempt to harm country's image: DCC

An attempt to harm country's image: DCC

The Defence Committee of the Cabinet (DCC) on Friday termed the release of US diplomatic cables by WikiLeaks an attempt to harm the image of the country, a private TV channel reported. According to the channel, the committee, which met in Islamabad at Pri
Published 04 Dec, 2010 12:00am
Hafeez meets business community leaders

Hafeez meets business community leaders

Finance Minister Dr Abdul Hafeez Shaikh is said to have rung alarm bells in his briefing to the parliamentarian and business community leaders to make them feel as to how important the new measures were for recovering the ailing national economy by saying
Published 04 Dec, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (December 03, 2010).

Published 04 Dec, 2010 12:00am
Hafeez meets business community leaders

Hafeez meets business community leaders

Finance Minister Dr Abdul Hafeez Shaikh is said to have rung alarm bells in his briefing to the parliamentarian and business community leaders to make them feel as to how important the new measures were for recovering the ailing national economy by saying
Published 04 Dec, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 03, 2010).
Published 04 Dec, 2010 12:00am
Hafeez meets business community leaders

Hafeez meets business community leaders

Finance Minister Dr Abdul Hafeez Shaikh is said to have rung alarm bells in his briefing to the parliamentarian and business community leaders to make them feel as to how important the new measures were for recovering the ailing national economy by saying
Published 04 Dec, 2010 12:00am
RGST Bill to be presented in National Assembly on December 20

RGST Bill to be presented in National Assembly on December 20

Senator and Federal Finance Minister Dr Hafeez Shaikh has said that the government will implement Reformed General Sales Tax (RGST) in consensus with all the political parties. He was talking to media persons on arrival at Jinnah International Airport Kar
Published 04 Dec, 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 Friday (December 03, 2010).

Published 04 Dec, 2010 12:00am
RGST Bill to be presented in National Assembly on December 20

RGST Bill to be presented in National Assembly on December 20

Senator and Federal Finance Minister Dr Hafeez Shaikh has said that the government will implement Reformed General Sales Tax (RGST) in consensus with all the political parties. He was talking to media persons on arrival at Jinnah International Airport Kar
Published 04 Dec, 2010 12:00am
RGST Bill to be presented in National Assembly on December 20

RGST Bill to be presented in National Assembly on December 20

Senator and Federal Finance Minister Dr Hafeez Shaikh has said that the government will implement Reformed General Sales Tax (RGST) in consensus with all the political parties. He was talking to media persons on arrival at Jinnah International Airport Kar
Published 04 Dec, 2010 12:00am
Rules to implement APPTA: FBR forms nine-man body

Rules to implement APPTA: FBR forms nine-man body

The Federal Board of Revenue (FBR) has constituted a nine-member committee to frame rules to implement the newly signed Afghanistan Pakistan Transit Trade Agreement (APPTA), official sources told Business Recorder.
Published 04 Dec, 2010 12:00am
Rules to implement APPTA: FBR forms nine-man body

Rules to implement APPTA: FBR forms nine-man body

The Federal Board of Revenue (FBR) has constituted a nine-member committee to frame rules to implement the newly signed Afghanistan Pakistan Transit Trade Agreement (APPTA), official sources told Business Recorder.
Published 04 Dec, 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 Friday (December 03, 2010).

Published 04 Dec, 2010 12:00am
Rules to implement APPTA: FBR forms nine-man body

Rules to implement APPTA: FBR forms nine-man body

The Federal Board of Revenue (FBR) has constituted a nine-member committee to frame rules to implement the newly signed Afghanistan Pakistan Transit Trade Agreement (APPTA), official sources told Business Recorder.
Published 04 Dec, 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 Friday (December 03, 2010).

Published 04 Dec, 2010 12:00am
CDA set to launch first Municipal Bond

CDA set to launch first Municipal Bond

Capital Development Authority (CDA) has finalised preparations for launching country''''s first Municipal Bond, offered by a civic body, informed sources in the CDA revealed to Business Recorder on Friday. The preparations were given final shape to
Published 04 Dec, 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 Friday (December 03, 2010).

Published 04 Dec, 2010 12:00am
CDA set to launch first Municipal Bond

CDA set to launch first Municipal Bond

Capital Development Authority (CDA) has finalised preparations for launching country''s first Municipal Bond, offered by a civic body, informed sources in the CDA revealed to Business Recorder on Friday. The preparations were given final shape to l
Published 04 Dec, 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 04 Dec, 2010 12:00am
CDA set to launch first Municipal Bond

CDA set to launch first Municipal Bond

Capital Development Authority (CDA) has finalised preparations for launching country's first Municipal Bond, offered by a civic body, informed sources in the CDA revealed to Business Recorder on Friday. The preparations were given final shape to la
Published 04 Dec, 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 04 Dec, 2010 12:00am
CDA set to launch first Municipal Bond

CDA set to launch first Municipal Bond

Capital Development Authority (CDA) has finalised preparations for launching country's first Municipal Bond, offered by a civic body, informed sources in the CDA revealed to Business Recorder on Friday. The preparations were given final shape to la
Published 04 Dec, 2010 12:00am
BRIndex30 up 87.09 points

BRIndex30 up 87.09 points

On Friday, the BRIndex30 opened at 8,403.31 points and remained in green throughout the trading session. It touched the intra-day high of 8,509.98 points and low of 8,403.31 points, and closed at 8,490.40 points, with a net positive change of 87.09 points
Published 04 Dec, 2010 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 04 Dec, 2010 12:00am
BRIndex30 up 87.09 points

BRIndex30 up 87.09 points

On Friday, the BRIndex30 opened at 8,403.31 points and remained in green throughout the trading session. It touched the intra-day high of 8,509.98 points and low of 8,403.31 points, and closed at 8,490.40 points, with a net positive change of 87.09 points
Published 04 Dec, 2010 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 04 Dec, 2010 12:00am
Index gains 63.11 points

Index gains 63.11 points

Bullish trend continued at Karachi share market on Friday, mainly on the back of strong interest of foreign investors, and KSE-100 index gained 63.11 points to close at 11,406.66 points. The offshore participants took fresh positions aggressively and a he
Published 04 Dec, 2010 12:00am
Index gains 63.11 points

Index gains 63.11 points

Bullish trend continued at Karachi share market on Friday, mainly on the back of strong interest of foreign investors, and KSE-100 index gained 63.11 points to close at 11,406.66 points. The offshore participants took fresh positions aggressively and a he
Published 04 Dec, 2010 12:00am
BRIDGE NOTES: Play safe and smile

BRIDGE NOTES: Play safe and smile

Safety plays in bridge are simply sacrosanct for all those who take their bridge seriously and wish to be in the run for the front rankers of bridge. When we talk of safety plays we are in fact talking of paying insurance for the safety of our contract fr
Published 04 Dec, 2010 12:00am
Index gains 63.11 points

Index gains 63.11 points

Bullish trend continued at Karachi share market on Friday, mainly on the back of strong interest of foreign investors, and KSE-100 index gained 63.11 points to close at 11,406.66 points. The offshore participants took fresh positions aggressively and a he
Published 04 Dec, 2010 12:00am
Leaning on someone or something

Leaning on someone or something

I was out of station for almost two months; hence the delay in my short and long write-ups. During this time, I came across many people but would like to talk about two I had discussions with, and one whom I missed talking to. They are; a corporate execut
Published 04 Dec, 2010 12:00am
SBP grants Sindh licence for bank

SBP grants Sindh licence for bank

The State Bank of Pakistan (SBP) on Friday granted license of Sindh Bank to provincial government. Talking to Business Recorder, President of Sindh Bank, Bilal Sheikh said that a no-objection-certificate (NOC) for setting up the bank was issued to Sindh g
Published 04 Dec, 2010 12:00am
ART FACTS: A forgotten bond

ART FACTS: A forgotten bond

About ten years ago two artists had a dialogue on art and a bond of friendship developed between them now they unite again in an art exhibition titled "And They Meet Again" at Artchowk art gallery. The two artists were Bertrand Bellon - a painter and a ph
Published 04 Dec, 2010 12:00am
SBP grants Sindh licence for bank

SBP grants Sindh licence for bank

The State Bank of Pakistan (SBP) on Friday granted license of Sindh Bank to provincial government. Talking to Business Recorder, President of Sindh Bank, Bilal Sheikh said that a no-objection-certificate (NOC) for setting up the bank was issued to Sindh g
Published 04 Dec, 2010 12:00am
KARACHI CHRONICLE: Hunting is no longer a sport

KARACHI CHRONICLE: Hunting is no longer a sport

Hunting permits have been issued once again to a privileged few rich, foreigners this season. These permits ought to be called license to kill rather than to hunt. Their favourite slaughter is the Houbara Bustard, which they are determined to eliminate fr
Published 04 Dec, 2010 12:00am
SBP grants Sindh licence for bank

SBP grants Sindh licence for bank

The State Bank of Pakistan (SBP) on Friday granted license of Sindh Bank to provincial government. Talking to Business Recorder, President of Sindh Bank, Bilal Sheikh said that a no-objection-certificate (NOC) for setting up the bank was issued to Sindh g
Published 04 Dec, 2010 12:00am
Why not we change?

Why not we change?

Sitting at a brunch function at a lake side in the mid of October this year, in a beautiful foreign location, surrounded with heavenlike nature reflecting serenity and tranquility, I was part of a score of other Pakistani expatriates. All were engrossed i
Published 04 Dec, 2010 12:00am
RPPs scam: Supreme Court summons CPGC, others

RPPs scam: Supreme Court summons CPGC, others

The Supreme Court Friday issued notices to proprietors/owners of Central Power Generation Co Ltd (CPGCL), through Nepra to appear and submit reply explaining its position in the alleged multi-million dollars scam in power projects. Chief Justice Iftikhar
Published 04 Dec, 2010 12:00am
Muslim world is target

Muslim world is target

Touching on affairs of nearly all countries in the region, ranging from Pakistan to Libya besides others, the wikileaks' revelations were nothing short of a diplomatic bombshell that has rocked the establishments in all the capitals.
Published 04 Dec, 2010 12:00am
RPPs scam: Supreme Court summons CPGC, others

RPPs scam: Supreme Court summons CPGC, others

The Supreme Court Friday issued notices to proprietors/owners of Central Power Generation Co Ltd (CPGCL), through Nepra to appear and submit reply explaining its position in the alleged multi-million dollars scam in power projects. Chief Justice Iftikhar
Published 04 Dec, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 128,164 tonnes of cargo including 93,215 tonnes of import cargo, 34,949 tonnes of export cargo, 4,552 loaded and empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 93,215 tonnes comprise
Published 04 Dec, 2010 12:00am
RPPs scam: Supreme Court summons CPGC, others

RPPs scam: Supreme Court summons CPGC, others

The Supreme Court Friday issued notices to proprietors/owners of Central Power Generation Co Ltd (CPGCL), through Nepra to appear and submit reply explaining its position in the alleged multi-million dollars scam in power projects. Chief Justice Iftikhar
Published 04 Dec, 2010 12:00am
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