News Archives for Print - 2011-01-17 - Business Recorder

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Print - 2011-01-17

Second day of 2nd Test: Pakistan consolidate after loss of early wicket

Second day of 2nd Test: Pakistan consolidate after loss of early wicket

Taufeeq Umar and Azhar Ali both stroked patient half centuries after the loss of an early wicket to guide Pakistan to 134 for two in reply to New Zealand's 356 at the end of play on the second day of the second test at the Basin Reserve on Sunday.

Published 17 Jan, 2011 12:00am

Qatar unlikely to invest in European club

Qatar unlikely to invest in European club

The Qatari royal family is not looking to invest in a European football club despite rumours linking them with Manchester United and Paris Saint-Germain, a source close to the Qatar Investment Authority (QIA) told AFP on Sunday.

Published 17 Jan, 2011 12:00am

England international Lofthouse dies

England international Lofthouse dies

Former Bolton Wanderers and England striker Nat Lofthouse died in his sleep at the age of 85, the club announced on their website (www.bwfc.co.uk) on Sunday. Lofthouse spent his entire playing career at the northern England club where he amassed more than

Published 17 Jan, 2011 12:00am

Gazza to sue over British phone-hacking scandal

Gazza to sue over British phone-hacking scandal

Former England footballer Paul Gascoigne is planning to sue a top British newspaper alleging that he was a victim of a major phone-hacking scandal, a report said Saturday. The Observer newspaper said Gascoigne's lawyer, Gerald Shamash, had confirmed that

Published 17 Jan, 2011 12:00am

Tendulkar out of ODIs

Tendulkar out of ODIs

India's Sachin Tendulkar has been ruled out of the last three one-day internationals against South Africa due to a hamstring injury, the Indian cricket board said on Sunday. Wicketkeeper Parthiv Patel, who has opened for India in ODIs in the past, will fl

Published 17 Jan, 2011 12:00am

Kuyt penalty saves Liverpool in Dalglish return

Kuyt penalty saves Liverpool in Dalglish return

Liverpool came from behind to share the spoils with Everton in the Merseyside derby on Sunday as Kenny Dalglish's emotional Anfield homecoming ended in a 2-2 draw. Dalglish appeared to be heading for his third consecutive defeat since taking over from Roy

Published 17 Jan, 2011 12:00am

Watson seals Australia win with a six

Watson seals Australia win with a six

A superb solo effort by Shane Watson with the bat enabled Australia to overcome a sloppy fielding effort and beat England in the opening one-day international at the Melbourne Cricket Ground on Sunday.

Published 17 Jan, 2011 12:00am

Shanghai eyes foreign firm listings, cross-border trade

Shanghai eyes foreign firm listings, cross-border trade

Shanghai hopes to encourage foreign companies to raise capital through stock and bond issuance in Shanghai this year, Mayor Han Zheng said on Sunday, while also confirming the city plans a trial property tax during 2011.

Published 17 Jan, 2011 12:00am

Porsche mulls factories in Asia, US

Porsche mulls factories in Asia, US

Iconic Porsche 911 sportscars could in the future be produced in factories in Asia or the United States, the German firm's chief executive said on Sunday. "This year, we are going to discuss whether to start assembly in Asia or North America," Matthias Mu

Published 17 Jan, 2011 12:00am

Lockheed Martin takes equity stake in UAE MRO unit

Lockheed Martin takes equity stake in UAE MRO unit

Lockheed Martin Corp will take an unspecified equity stake in an Abu Dhabi-based military aircraft maintenance, repair and overhaul centre that is partly-owned by Abu Dhabi investment vehicle Mubadala. Advanced Military Maintenance, Repair and Overhaul Ce

Published 17 Jan, 2011 12:00am

Lockheed Martin takes equity stake in UAE MRO unit

Lockheed Martin takes equity stake in UAE MRO unit

Lockheed Martin Corp will take an unspecified equity stake in an Abu Dhabi-based military aircraft maintenance, repair and overhaul centre that is partly-owned by Abu Dhabi investment vehicle Mubadala. Advanced Military Maintenance, Repair and Overhaul Ce

Published 17 Jan, 2011 12:00am

Venezuela says oil reserves surpass Saudi Arabia

Venezuela says oil reserves surpass Saudi Arabia

Venezuela has overtaken Saudi Arabia as the world leader in oil reserves with certified deposits leaping to 297 billion barrels at the end of 2010, President Hugo Chavez's government said on Saturday. Energy Minister Rafael Ramirez told Reuters that the n

Published 17 Jan, 2011 12:00am

Europe meets under pressure to boost crisis fund

Europe meets under pressure to boost crisis fund

Eurozone finance ministers head into a meeting Monday under pressure to ramp up the firepower of a debt rescue fund even after markets backed off pressure on vulnerable nations. Europeans are divided over how quickly they need to act and how much added mu

Published 17 Jan, 2011 12:00am

Europe meets under pressure to boost crisis fund

Europe meets under pressure to boost crisis fund

Eurozone finance ministers head into a meeting Monday under pressure to ramp up the firepower of a debt rescue fund even after markets backed off pressure on vulnerable nations. Europeans are divided over how quickly they need to act and how much added mu

Published 17 Jan, 2011 12:00am

No need for SNB to intervene on franc: minister

No need for SNB to intervene on franc: minister

There is no reason now for the Swiss central bank to try to fight the strong franc, the Swiss finance minister was quoted as saying on Sunday, even as the government plans to discuss the impact of the currency on Wednesday.

Published 17 Jan, 2011 12:00am

China's fiscal policy to stay proactive

China's fiscal policy to stay proactive

China will maintain a "proactive" fiscal policy in 2011 to build roads, subways and other infrastructure, Xinhua news agency reported on Sunday, citing the head of the Research Institute for Fiscal Science at the Ministry of Finance.

Published 17 Jan, 2011 12:00am

Thousands Jordanians protest government economic policies

Thousands Jordanians protest government economic policies

More than 3,000 Jordanian trade unionists, Islamic party and leftists held a sit-in on Sunday outside parliament to protest the government's economic policies.

Published 17 Jan, 2011 12:00am

Iran joins Venezuela, Libya to say $100 oil no harm

Iran joins Venezuela, Libya to say $100 oil no harm

Opec's leading oil price hawk Iran joined Venezuela and Libya on Sunday to say it saw no need for the cartel to consider raising crude supplies to rein in crude prices now near $100 a barrel. Iranian Oil Minister Massoud Mirkazemi said some members of the

Published 17 Jan, 2011 12:00am

Iran says to be self-reliant in gasoline this year

Iran says to be self-reliant in gasoline this year

Iran will finally become self-sufficient in gasoline later this year, no longer reliant on imports or "emergency" fuel produced in petrochemical plants, its oil minister said on Sunday. Iran said in September it was no longer importing the automotive fuel

Published 17 Jan, 2011 12:00am

Kazakhstan eyes second Islamic bank

Kazakhstan eyes second Islamic bank

Kazakhstan has no immediate plans to issue new licences to conventional foreign banks but may approve a second Islamic bank this year, the country's deputy prime minister said on Sunday. "The second Islamic bank could be opened this year," Aset Issekeshev

Published 17 Jan, 2011 12:00am

Oil prices rising too high, too fast: Total chief executive

Oil prices rising too high, too fast: Total chief executive

Global oil prices have risen too high, too quickly but increased Opec output will not stem the rise as the climb is driven by demand, the chief executive of French oil major Total said on Sunday.

Published 17 Jan, 2011 12:00am

MONDAY JANUARY 10: 'No plan to sell or merge Bank Alfalah': Abu Dhabi Group names new management team

MONDAY JANUARY 10: 'No plan to sell or merge Bank Alfalah': Abu Dhabi Group names new management team

Published 17 Jan, 2011 12:00am

Swiss tax whistleblower to give Wikileaks new data

Swiss tax whistleblower to give Wikileaks new data

A former Swiss private banker who was one of the first whistleblowers to use WikiLeaks by publishing internal bank documents on the site has pledged to hand over new data on offshore bank account holders on Monday, a newspaper said.

Published 17 Jan, 2011 12:00am

MONDAY JANUARY 10: Unrelated taxes/charges: Nepra opposes collection through bills

MONDAY JANUARY 10: Unrelated taxes/charges: Nepra opposes collection through bills

Published 17 Jan, 2011 12:00am

US brokerages add cross-sell sweeteners for advisers

US brokerages add cross-sell sweeteners for advisers

US brokerage firms are increasing incentives for their financial advisers to sell more loans and banking products to their clients. Banking giants including Bank of America Corp and Wells Fargo & Co have touted the potential cross-selling gold mine that t

Published 17 Jan, 2011 12:00am

TUESDAY JANUARY 11: Onion export: meeting inconclusive

TUESDAY JANUARY 11: Onion export: meeting inconclusive

Published 17 Jan, 2011 12:00am

British traders await key inflation numbers

British traders await key inflation numbers

Inflation data due next Tuesday is the key British event for London stock market traders next week amid uncertainty about the outlook for consumer prices over the coming months. Next week also sees a number of trading updates from major British companies

Published 17 Jan, 2011 12:00am

TUESDAY JANUARY 11: Overdraft from SBP: Federal government breaches limit

TUESDAY JANUARY 11: Overdraft from SBP: Federal government breaches limit

Published 17 Jan, 2011 12:00am

Wall Street Weekahead: Investors crave more strong bank results

Wall Street Weekahead: Investors crave more strong bank results

US bank stocks are flying high, and next week's earnings could give investors more reason to be optimistic about the sector. Strong results from JPMorgan Chase & Co on Friday bolstered expectations for top US banks, many of which are due to report next we

Published 17 Jan, 2011 12:00am

WEDNESDAY JANUARY 12: July-December trade deficit soars to $8.149 billion

WEDNESDAY JANUARY 12: July-December trade deficit soars to $8.149 billion

Published 17 Jan, 2011 12:00am

Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday.

Published 17 Jan, 2011 12:00am

WEDNESDAY JANUARY 12: Fiscal policy, taxation issues: Board to be set up

WEDNESDAY JANUARY 12: Fiscal policy, taxation issues: Board to be set up

Published 17 Jan, 2011 12:00am

Another Venezuela currency devaluation seen soon

Another Venezuela currency devaluation seen soon

Venezuela is likely to devalue its currency again soon after President Hugo Chavez scrapped a plan to increase the country's sales tax as analysts said the impact of a New Year devaluation had been limited. Wall Street experts had welcomed the socialist p

Published 17 Jan, 2011 12:00am

THURSDAY JANUARY 13: International Court of Arbitration to hear Kishanganga project dispute on January 14

THURSDAY JANUARY 13: International Court of Arbitration to hear Kishanganga project dispute on January 14

Published 17 Jan, 2011 12:00am

Japan stocks seen stable

Japan stocks seen stable

Japanese shares are likely to hold firm in the week ahead and may test a new eight-month high, with the market closely watching upcoming US corporate earnings, brokers said Friday. In the week to January 14, the benchmark Nikkei index at the Tokyo Stock E

Published 17 Jan, 2011 12:00am

THURSDAY JANUARY 13: Rising incidence of NPLs: over 43 percent decline in recovery

THURSDAY JANUARY 13: Rising incidence of NPLs: over 43 percent decline in recovery

Published 17 Jan, 2011 12:00am

Indonesian carrier takes IPO show on the road

Indonesian carrier takes IPO show on the road

Its symbol is Garuda, the winged steed of Vishnu in Hindu mythology, but Garuda Indonesia's fortunes more closely resemble the Phoenix, which rose from the flames to fly again. This, at least, will be the story Indonesia's national carrier takes to potent

Published 17 Jan, 2011 12:00am

FRIDAY JANUARY 14: World Bank sees 2008 risks for global economy

FRIDAY JANUARY 14: World Bank sees 2008 risks for global economy

Published 17 Jan, 2011 12:00am

Asia private equity exits outstrip new deals

Asia private equity exits outstrip new deals

Asia's private equity industry has quickly turned into a sellers' market, as firms cash out of investments made on the back of the region's robust economic growth. And the trend is expected to continue as long as Asia's stock markets remain steady and ins

Published 17 Jan, 2011 12:00am

FRIDAY JANUARY 14: Bhasha Dam: ECC allows Wapda to raise Rs 20 billion

FRIDAY JANUARY 14: Bhasha Dam: ECC allows Wapda to raise Rs 20 billion

Published 17 Jan, 2011 12:00am

Asia private equity exits outstrip new deals

Asia private equity exits outstrip new deals

Asia's private equity industry has quickly turned into a sellers' market, as firms cash out of investments made on the back of the region's robust economic growth. And the trend is expected to continue as long as Asia's stock markets remain steady and ins

Published 17 Jan, 2011 12:00am

SATURDAY JANUARY 15: Checking under-invoicing, under-valuation: FBR against hiring third-party companies

SATURDAY JANUARY 15: Checking under-invoicing, under-valuation: FBR against hiring third-party companies

Published 17 Jan, 2011 12:00am

Global Markets Weekahead: reality checks ahead for investors

Global Markets Weekahead: reality checks ahead for investors

An improving global economy, solid corporate earnings and even easing fears about eurozone debt have been more than enough to rationalise the rising hunger for riskier assets now prevalent on financial markets. Investors, however, are about to get a reali

Published 17 Jan, 2011 12:00am

SATURDAY JANUARY 15: FBR has unique powers under IT law: Magic wand to obtain tax-related data

SATURDAY JANUARY 15: FBR has unique powers under IT law: Magic wand to obtain tax-related data

Published 17 Jan, 2011 12:00am

Middle East markets: dilution, valuation fears send Aldar to five-month low

Middle East markets: dilution, valuation fears send Aldar to five-month low

Abu Dhabi's Aldar Properties tumbled to a five-month low on Sunday after the indebted developer said it planned to take $2.9 billion in impairments and issue a $760 million convertible bond.

Published 17 Jan, 2011 12:00am

SUNDAY JANUARY 16: FBR Members, LTUs, etc: World Bank concerned at lack of coordination

SUNDAY JANUARY 16: FBR Members, LTUs, etc: World Bank concerned at lack of coordination

Published 17 Jan, 2011 12:00am

China securities regulator flexes muscle, eyes private equity role

China securities regulator flexes muscle, eyes private equity role

Private equity funds in China are nervously eyeing a push by the country's top securities regulator to gain oversight of the fast-growing sector, fearing increased scrutiny and tougher new rules. This could be bad news for foreign private equity firms suc

Published 17 Jan, 2011 12:00am

SUNDAY JANUARY 16: Up 17 percent on law & order: spending on infrastructure down 36.57 percent

SUNDAY JANUARY 16: Up 17 percent on law & order: spending on infrastructure down 36.57 percent

Published 17 Jan, 2011 12:00am

China securities regulator flexes muscle, eyes private equity role

China securities regulator flexes muscle, eyes private equity role

Private equity funds in China are nervously eyeing a push by the country's top securities regulator to gain oversight of the fast-growing sector, fearing increased scrutiny and tougher new rules. This could be bad news for foreign private equity firms suc

Published 17 Jan, 2011 12:00am

China's support for euro a necessity, not a virtue

China's support for euro a necessity, not a virtue

A record surge in Chinese currency reserves serves as a timely reminder that its pledge to buy bonds from indebted European states makes a virtue out of a necessity. So much has been made of Chinese promises to buy Spanish and Greek debt that somewhere al

Published 17 Jan, 2011 12:00am

Afghanistan condemns Iran fuel blockade amid protests

Afghanistan condemns Iran fuel blockade amid protests

Afghan fuel protesters targeted an Iranian diplomatic mission for a second day on Sunday, as the commerce minister said Tehran had not given any reason for an export clampdown that is choking Afghan oil supplies.

Published 17 Jan, 2011 12:00am

Bomb kills nine wedding guests in Afghanistan

Bomb kills nine wedding guests in Afghanistan

A roadside bomb destroyed a car carrying nine people to a wedding in northern Afghanistan on Sunday, killing everyone inside including one child, the provincial governor said. The previous day, six civilians were killed by a roadside bomb in southern Helm

Published 17 Jan, 2011 12:00am

Algerian dies in self-immolation, echoing Tunisia

Algerian dies in self-immolation, echoing Tunisia

A man has died after setting himself on fire at a government building in Algeria, state radio reported on Sunday, echoing the self-immolation that triggered the protests that toppled the leader of neighbouring Tunisia.

Published 17 Jan, 2011 12:00am

Arab web users say Tunisia shows time up for leaders

Arab web users say Tunisia shows time up for leaders

Emboldened democracy activists and bloggers in the Arab world used the internet to celebrate the downfall of Tunisia's authoritarian president and warn other leaders they face a similar fate.

Published 17 Jan, 2011 12:00am

Iran says firm on nuclear rights as tour ends

Iran says firm on nuclear rights as tour ends

Iran's nuclear negotiator said on Sunday that Tehran will steadfastly pursue its atomic rights as he prepared for a face-off with world powers in Istanbul over the Islamic republic's nuclear drive. Saeed Jalili's hard-line reiteration of Iran's nuclear po

Published 17 Jan, 2011 12:00am

Tunisia forces battle with gunmen, parties seek government

Tunisia forces battle with gunmen, parties seek government

Tunisian security forces fought gun battles with armed men in the capital on Sunday, as politicians tried to form a unity government two days after the president was ousted after more than 23 years in power.

Published 17 Jan, 2011 12:00am

Israel eyes huge east Jerusalem settlement project

Israel eyes huge east Jerusalem settlement project

Israel is to approve 1,400 new settler homes in east Jerusalem, media and the local council said on Sunday, defying pressure to halt settlement building that has stalled peace talks with the Palestinians. The massive construction project will add homes to

Published 17 Jan, 2011 12:00am

Syria gets first US ambassador since 2005 fallout

Syria gets first US ambassador since 2005 fallout

Robert Ford, the first US ambassador to Syria since 2005, arrived Sunday in Damascus where he will have a challenging task to re-engage the two countries which disagree on a raft of issues. "The US ambassador arrived in Damascus," a US embassy source told

Published 17 Jan, 2011 12:00am

New Afghan parliament to open on January 23

New Afghan parliament to open on January 23

Afghan President Hamid Karzai plans to open his war-battered nation's parliament on January 23, one of his ministers said Sunday, after months of uncertainty due to disputes over election results.

Published 17 Jan, 2011 12:00am

Hu calls currency system 'product of the past'

Hu calls currency system 'product of the past'

China's President Hu Jintao said Sunday the international currency system was "a product of the past," but it would be a long time before the yuan is accepted as an international currency.

Published 17 Jan, 2011 12:00am

South Sudan's Kiir prays to forgive north for war

South Sudan's Kiir prays to forgive north for war

South Sudan's president urged his people to forgive the Muslim north for a devastating 1983-2005 war, as partial results trickling in on Sunday from a landmark vote showed a landslide for secession.

Published 17 Jan, 2011 12:00am

Asean to push Myanmar on democracy, wants sanctions lifted

Asean to push Myanmar on democracy, wants sanctions lifted

The Association of Southeast Asian Nations (Asean) wants the US and Europe to lift sanctions against member Myanmar after its recent elections and release of pro-democracy leader Aung San Suu Kyi, it said on Sunday.

Published 17 Jan, 2011 12:00am

Southeast Asia seeks common ground on sea disputes with China

Southeast Asia seeks common ground on sea disputes with China

Indonesia warned on Sunday that maritime conflicts in Asia could spiral out of control and threaten regional stability, as Southeast Asian nations sought common ground on the disputed South China Sea.

Published 17 Jan, 2011 12:00am

Saudi women want to run in municipal elections

Saudi women want to run in municipal elections

A group of Saudi activists have launched a campaign to push the oil-rich kingdom to allow women to run in upcoming municipal election, scheduled this spring. Organisers say the campaign, named My Country, started Sunday with letters sent to local governme

Published 17 Jan, 2011 12:00am

US drones shot down outside Iran airspace

US drones shot down outside Iran airspace

Iran shot down two US navy drones outside its airspace in the Gulf, ILNA news agency quoting a top military commander as saying on Sunday. The head of Guards' air force, Amir Ali Hajizadeh, said on January 2 that his forces had shot down two drones after

Published 17 Jan, 2011 12:00am

Al Qaeda's Awlaqi renews call to kill Americans

Al Qaeda's Awlaqi renews call to kill Americans

US-Yemeni radical cleric Anwar al-Awlaqi has renewed a call to strike the American government and citizens, the SITE monitoring agency said on Sunday. "Both the (US) government and private citizens should be targeted," he wrote in the latest edition of In

Published 17 Jan, 2011 12:00am

Egypt warns West to stay out of Arab affairs

Egypt warns West to stay out of Arab affairs

Egypt's Foreign Minister Ahmed Abul Gheit warned Sunday the West to stay out of Arab affairs, days after US Secretary of State Hillary Clinton urged Arab leaders to work with their peoples to bring reforms.

Published 17 Jan, 2011 12:00am

Kalabagh Dam is the only solution to energy crisis

Kalabagh Dam is the only solution to energy crisis

Engineer Mumtaz Ahmed Khan, former director of Kalabagh dam project and Convenor of KBD construction movement has said that there is only one solution to Pakistan's energy crisis and that is construction of a big reservoir (Kalabagh Dam). The construction

Published 17 Jan, 2011 12:00am

SNGPL suspends gas supply to over 600 industrial units

SNGPL suspends gas supply to over 600 industrial units

Sui Northern Gas Pipelines Company Limited (SNGPL) has suspended supply of gas to more than 600 industrial units most of them textile processing, printing, dyeing, sizing and chemical manufacturing factories, here Sunday morning, for next four days.

Published 17 Jan, 2011 12:00am

Homage paid to Minhaj Barna

Homage paid to Minhaj Barna

Multan Union of Journalists (MUJ) organised a reference to pay homage to great leader and founder of PFUJ Minhaj Barna here on Sunday.

Published 17 Jan, 2011 12:00am

Call for relief package for textile sector

Call for relief package for textile sector

Only a comprehensive relief package from government can steer country's textile sector out of the crisis presently facing it. Any complacency in this regard may hit this vital segment of the economy drastically, said leading textile miller, Mian Fraz Alam

Published 17 Jan, 2011 12:00am

Women Entrepreneurs Furniture exhibition 2011 concludes

Women Entrepreneurs Furniture exhibition 2011 concludes

Women Entrepre-neurs Furniture (Marble Mosaic) Exhibition 2011 concluded at a local hotel on Sunday. A Large number of visitors showed keen interest in marble mosaic based products. Prime Minister's wife, Ms Fouzia Gilani was the chief guest at the closin

Published 17 Jan, 2011 12:00am

Business community felicitated on record exports

Business community felicitated on record exports

Federal Minister for Commerce, Makhdoom M. Amin Fahim has expressed his gratitude on the enhancement of Pakistan's export up to 22 percent in December last, which is a record. Amin Fahim congratulated business community of the country on this achievement,

Published 17 Jan, 2011 12:00am

South Punjab province vital for people's rights: Jatoi

South Punjab province vital for people's rights: Jatoi

Former Federal Minister Qayyum Jatoi Sunday said South Punjab, as a separate province was vital to ensure rights to people of the region. Talking to the media after meeting PPP leader Rana Amjad, he said that all development budget was spent in upper Punj

Published 17 Jan, 2011 12:00am

Upper regions in grip of severe cold after rains and snowfall

Upper regions in grip of severe cold after rains and snowfall

Upper regions of the country, including upper Khyber Pakhtunkhwa, Gilgit Baltistan and Kashmir and hilly areas of Balochistan and Punjab are grip of severe cold after two days of rain with snowfall over the hills Shallow/moderate foggy conditions prevaile

Published 17 Jan, 2011 12:00am

Swine Flu patients advised to exercise extra care

Swine Flu patients advised to exercise extra care

Dr. Ijaz Ahmad Sheikh, Medical Superintendent, Sir Ganga Ram Hospital has said that Swine Flu is a disease which could spread to other people, therefore the patients carrying it should be extra careful while meeting healthy people.

Published 17 Jan, 2011 12:00am

'We're facing round-the-clock surveillance'

'We're facing round-the-clock surveillance'

The father of Governor Punjab Salmaan Taseer's assassin has said although he has not been tortured by police personnel, law enforcement and intelligence have been asking him about his son's political links. Police and other law enforcement agencies are ha

Published 17 Jan, 2011 12:00am

Chief minister Punjab discusses Monorail project with Scomi International

Chief minister Punjab discusses Monorail project with Scomi International

A delegation of Scomi International Company led by Malaysian Ambassador in Pakistan, Dato Ahmad Adnan Anwar met Punjab Chief Minister Muhammad Shahbaz Sharif, here Sunday and discussed Monorail Project. Members Punjab Assembly Khawaja Salman Rafiq, Hafiz

Published 17 Jan, 2011 12:00am

Thermo laminated soccer balls to be produced in Sialkot

Thermo laminated soccer balls to be produced in Sialkot

The development work on mega project of Sports Industries Development Centre (SIDC) and Sialkot business and commerce centre has been further accelerated and the project would be accomplished at a cost of more than Rs 435.64 million.

Published 17 Jan, 2011 12:00am

Treatment, prevalence of HIV in Pakistan: PML-Q to submit adjournment motion in National Assembly

Treatment, prevalence of HIV in Pakistan: PML-Q to submit adjournment motion in National Assembly

Pakistan Muslim League-Q (PML-Q) will submit an adjournment motion to National Assembly to discuss prevalence and treatment of HIV in Pakistan. The adjournment motion has been prepared by MNA Marvi Memon after visiting Jogipur, Jalalpurjathan, Gurjrat nei

Published 17 Jan, 2011 12:00am

Illegal appointments of officials: OGDC management, directors to face National Assembly body's wrath today

Illegal appointments of officials: OGDC management, directors to face National Assembly body's wrath today

The Oil and Gas Development Company Limited (OGDC) and its Board of Directors will come under fire for not complying with orders of National Assembly Standing Committee on Petroleum and Natural Resources scheduled to meet on Monday to fire those officials

Published 17 Jan, 2011 12:00am

ANP names four-member committee

ANP names four-member committee

On request of Prime Minister Syed Yousuf Raza Gilani, Awami National Party (ANP) on Sunday constituted a four-member committee to hold consultations with other parties on key national issues. According to a private television channel, the committee will d

Published 17 Jan, 2011 12:00am

Drone attacks in Fata up by 165 percent in 2010: urban terrorism growing: PIPS

Drone attacks in Fata up by 165 percent in 2010: urban terrorism growing: PIPS

US drones attacks in Federally Administered Tribal Areas (FATA) registered 165 percent increase in 2010 as compared to the previous year despite the number of suicide attacks across the country fell by 22 percent against the number of 2009, a think tank r

Published 17 Jan, 2011 12:00am

Drive against measles launched

Drive against measles launched

Executive District Officer, Zafar-ul-Islam on Sunday said about 643,000 children under six years of age would be given anti-measles vaccine during a five-day national immunisation campaign in the district.

Published 17 Jan, 2011 12:00am

FBR clarification sought on applicability of WWF

FBR clarification sought on applicability of WWF

The reformed tax units, including Large Taxpayer Units, are unclear about the criteria to be used for imposition of the Workers Welfare Fund (WWF) on the filers of income tax returns/statements.

Published 17 Jan, 2011 12:00am

Chief minister to inaugurate Medical College at Sialkot today

Chief minister to inaugurate Medical College at Sialkot today

Punjab Chief Minister Muhammad Shahbaz Sharif will expectedly inaugurate the newly established Kh. Muhammad Safdar Medical College Sialkot in Sialkot on January 17 (today) during a special ceremony scheduled to be held at the surroundings of Govt. Allama

Published 17 Jan, 2011 12:00am

Two die from suffocation

Two die from suffocation

Two persons died due to suffocation, here on Sunday, after gas from a heater filled their room, police said. The incident occurred in Hawalian area when two persons namely Muhammad Ashiq and Imtiaz Khattak, turned on gas heater to warm up the room before

Published 17 Jan, 2011 12:00am

Zardari to address Abu Dhabi energy summit today

Zardari to address Abu Dhabi energy summit today

President, Asif Ali Zardari will address World Future Energy Summit on Monday. He will be among the key speakers that will highlight future challenges and propose strategies in the energy sector at the event.

Published 17 Jan, 2011 12:00am

Five-year old used cars import: ECC considering reopening

Five-year old used cars import: ECC considering reopening

The Economic Co-ordination Committee (ECC) of the Cabinet is reportedly considering to reopen on Tuesday import of five-year-old used cars, which may raise serious concerns in Japan, sources told Business Recorder. Analysts point out that the Japan

Published 17 Jan, 2011 12:00am

Five-year old used cars import: ECC considering reopening

Five-year old used cars import: ECC considering reopening

The Economic Co-ordination Committee (ECC) of the Cabinet is reportedly considering to reopen on Tuesday import of five-year-old used cars, which may raise serious concerns in Japan, sources told Business Recorder. Analysts point out that the Japan

Published 17 Jan, 2011 12:00am

Five-year old used cars import: ECC considering reopening

Five-year old used cars import: ECC considering reopening

The Economic Co-ordination Committee (ECC) of the Cabinet is reportedly considering to reopen on Tuesday import of five-year-old used cars, which may raise serious concerns in Japan, sources told Business Recorder. Analysts point out that the Japan

Published 17 Jan, 2011 12:00am

Economic situation: Prime Minister to call special cabinet meeting

Economic situation: Prime Minister to call special cabinet meeting

Prime Minister Syed Yousuf Raza Gilani has decided to convene a special cabinet meeting to discuss the country''s deteriorating economic situation, which will be attended by the parliamentary leaders of all political parties, well-informed sources told <i

Published 17 Jan, 2011 12:00am

Economic situation: Prime Minister to call special cabinet meeting

Economic situation: Prime Minister to call special cabinet meeting

Prime Minister Syed Yousuf Raza Gilani has decided to convene a special cabinet meeting to discuss the country's deteriorating economic situation, which will be attended by the parliamentary leaders of all political parties, well-informed sources told

Published 17 Jan, 2011 12:00am

Economic situation: Prime Minister to call special cabinet meeting

Prime Minister Syed Yousuf Raza Gilani has decided to convene a special cabinet meeting to discuss the country's deteriorating economic situation, which will be attended by the parliamentary leaders of all political parties, well-informed sources told
Published 17 Jan, 2011 12:00am

PAF and RSAF conducting joint exercise

Pakistan Airforce (PAF) and Royal Saudi Air Force (RSAF) are conducting a joint air power employment exercise code name "Al Saqoor-II" in Saudi Arabia. The joint exercise commenced on January 6 and would be completed by 19th.
Published 17 Jan, 2011 12:00am

PAF and RSAF conducting joint exercise

Pakistan Airforce (PAF) and Royal Saudi Air Force (RSAF) are conducting a joint air power employment exercise code name "Al Saqoor-II" in Saudi Arabia. The joint exercise commenced on January 6 and would be completed by 19th.
Published 17 Jan, 2011 12:00am

Entering LPG, LNG import business: OGDC rejects PC''s proposal

The Oil and Gas Development Company (OGDC) has outrightly rejected a Privatisation Commission''s proposal of entering into import business of liquefied petroleum gas (LPG) and liquefied natural gas (LNG), saying that these two businesses, as an exploratio
Published 17 Jan, 2011 12:00am

Entering LPG, LNG import business: OGDC rejects PC's proposal

The Oil and Gas Development Company (OGDC) has outrightly rejected a Privatisation Commission's proposal of entering into import business of liquefied petroleum gas (LPG) and liquefied natural gas (LNG), saying that these two businesses, as an exploration
Published 17 Jan, 2011 12:00am

Entering LPG, LNG import business: OGDC rejects PC's proposal

The Oil and Gas Development Company (OGDC) has outrightly rejected a Privatisation Commission's proposal of entering into import business of liquefied petroleum gas (LPG) and liquefied natural gas (LNG), saying that these two businesses, as an exploration
Published 17 Jan, 2011 12:00am

Semi-curfew in some areas to check targeted killings: Malik

'Semi-curfew' will be imposed in some areas of Karachi to check the growing menace of targeted killings, said Interior Minister Rehman Malik. Talking to the media persons before leaving for Islamabad at Quaid-e-Azam International Terminal here Sunday, he
Published 17 Jan, 2011 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Nov 15

277.70

USD PKR Interbank Buying / Nov 15

277.50

USD to Japanese Yen / Nov 15

154.30

USD to Swiss Franc / Nov 15

0.89

Pound Sterling to USD / Nov 15

1.26

Euro to USD / Nov 15

1.05

Stock Volume

India Sensex / Nov 14

77,580.31

S&P 500 / Nov 15

5,870.62

Tokyo Nikkei / Nov 15

38,642.91

Nasdaq / Nov 15

18,680.12

Hang Seng / Nov 15

19,426.34

FTSE 100 / Nov 15

8,063.61

Dow Jones / Nov 15

43,444.99

Germany DAX 30 / Nov 15

19,210.81

Item Value

Crude Oil USD/Barrel / Nov 15

67.02

Karachi Cotton PKR/37.32 KG / Nov 15

18,085

Gold 10 Grams PKR / Nov 15

233,371.60

Gold Spot USD/Ounce / Nov 15

2,563.25

Cotton US¢/pound / Nov 15

68.91

Petrol/Litre / Nov 16

248.38

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 16

786 Investments Limited(786)

6.33

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 16

Al-Abbas Sugar Mills Limited(AABS)

609.73

▼ 0.00 (0.00%)

Agro Allianz / Nov 16

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 16

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 16

Ali Asghar Textile Mills Limited(AATM)

56.65

▼ 0.00 (0.00%)

Allied Bank / Nov 16

Allied Bank Limited(ABL)

115.07

▼ 0.00 (0.00%)

Abbott Lab. / Nov 16

Abbott Laboratories (Pakistan) Limited(ABOT)

1,008.83

▼ 0.00 (0.00%)

Abson Ind. / Nov 16

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 16

Alfalah Consumer Index ETF.(ACIETF)

12.43

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 16

786 Investments Limited(786)

6.33

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 16

Al-Abbas Sugar Mills Limited(AABS)

609.73

▲ 0.00 (0.00%)

Agro Allianz / Nov 16

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 16

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 16

Ali Asghar Textile Mills Limited(AATM)

56.65

▲ 0.00 (0.00%)

Allied Bank / Nov 16

Allied Bank Limited(ABL)

115.07

▲ 0.00 (0.00%)

Abbott Lab. / Nov 16

Abbott Laboratories (Pakistan) Limited(ABOT)

1,008.83

▲ 0.00 (0.00%)

Abson Ind. / Nov 16

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 16

Alfalah Consumer Index ETF.(ACIETF)

12.43

▲ 0.00 (0.00%)

Stock Volume

WorldCall Telecom / Nov 16

Worldcall Telecom Limited(WTL)

77,999,077

▲ 0.00

Fauji Foods Ltd / Nov 16

Fauji Foods Limited(FFL)

70,721,702

▲ 0.00

Hascol Petrol / Nov 16

Hascol Petroleum Limited(HASCOL)

55,501,231

▲ 0.00

K-Electric Ltd. / Nov 16

K-Electric Limited(KEL)

36,884,955

▲ 0.00

Sui South Gas / Nov 16

Sui Southern Gas Company Limited(SSGC)

36,294,630

▲ 0.00

D.S. Ind. Ltd. / Nov 16

D.S. Industries Limited(DSIL)

32,226,742

▲ 0.00

TRG Pak Ltd / Nov 16

TRG Pakistan Limited(TRG)

29,018,611

▲ 0.00

Pak Int.Bulk / Nov 16

Pakistan International Bulk Terminal(PIBTL)

22,405,457

▲ 0.00

Treet Battery / Nov 16

Treet Battery Limited(TBL)

21,319,898

▲ 0.00

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