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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-01-21
Nato supply through Torkham: National Assembly body seeks detail

Nato supply through Torkham: National Assembly body seeks detail

National Assembly Standing Committee on States and Frontier Regions (SAFRON) Thursday sought details regarding understanding reached with Nato for supply of goods through Torkham border and also recommended that toll tax should be levied on the containers
Published 21 Jan, 2011 12:00am
US lawmakers press Hu on North Korea, rights

US lawmakers press Hu on North Korea, rights

US lawmakers pressed Chinese President Hu Jintao to get tough on North Korea and improve human rights on Thursday but trod more softly on the currency dispute that is a major irritant between the world's top two economies. Hu was urged by President Barack
Published 21 Jan, 2011 12:00am
Castro admits mistakes were made

Castro admits mistakes were made

Revolutionary standard-bearer Fidel Castro admitted Thursday that Cuba's leaders had made mistakes over the years but insisted they had never betrayed their communist ideals. Castro's acknowledgement comes at a time when his brother Raul is directing wren
Published 21 Jan, 2011 12:00am
Palestinian killed

Palestinian killed

A Palestinian was shot dead Thursday in an exchange of fire with Israeli troops at an army post in the northern West Bank, security sources on both sides said. The Israeli military said the man had approached the post near the settlement of Mevo Dotan and
Published 21 Jan, 2011 12:00am
2010 tied for warmest year on record: UN

2010 tied for warmest year on record: UN

The warmest year on record is a three-way tie: 2010, 2005 and 1998. So says the UN weather agency, providing further evidence Thursday that the planet is slowly but surely heating up. Average temperatures globally last year were 0.95 degrees Fahrenheit (0
Published 21 Jan, 2011 12:00am
Protests erupt in Yemen, president offers reform

Protests erupt in Yemen, president offers reform

Thousands of protesters took to the streets of a town in southern Yemen on Thursday to reject proposed political reform by the government, including a limit on presidential terms. The government announced its reform plans in the face of growing discontent
Published 21 Jan, 2011 12:00am
FBI smashes huge alleged New York mafia ring

FBI smashes huge alleged New York mafia ring

FBI agents arrested around 100 alleged mafia members in and around New York early Thursday in a massive crackdown on the region's infamous Cosa Nostra network, authorities said. "It was very broad scope," New York federal court spokesman Robert Nardoza to
Published 21 Jan, 2011 12:00am
Israeli president's wife Sonya dies

Israeli president's wife Sonya dies

Sonya Peres, the fiercely private, estranged wife of Israeli President Shimon Peres, died Thursday in Tel Aviv. She was 88. Her son-in-law and physician, Dr Raphael Walden, told Israel Radio she died peacefully in her sleep. Born Sonya Gelman in Ukraine,
Published 21 Jan, 2011 12:00am
Man admits illegal military export to South Korea

Man admits illegal military export to South Korea

A Korean-born former NASA employee has pleaded guilty to illegally shipping night-vision rifle scope equipment to South Korean companies. Sixty-six-year-old Kue Sang Chun entered the plea Thursday to two counts in Cleveland federal court. Sentencing is sc
Published 21 Jan, 2011 12:00am
Obama approval rating jumps: poll

Obama approval rating jumps: poll

US President Barack Obama has ridden a surge of support this month to reclaim an approval rating above the symbolic 50-percent threshold for the first time since mid-2009, a new poll has found. On the two-year anniversary of Obama's historic inauguration,
Published 21 Jan, 2011 12:00am
Seoul agrees to talks with North Korea

Seoul agrees to talks with North Korea

South Korea agreed on Thursday to a North Korean offer of high-level military talks, a major breakthrough in the crisis on the peninsula which improves the prospect of renewed aid-for-disarmament negotiations. Hours after US President Barack Obama and Chi
Published 21 Jan, 2011 12:00am
Britain scraps 28-day terror detention

Britain scraps 28-day terror detention

The British government said Thursday it will give up a controversial power that allows terror suspects to be held for 28 days without charge, after a major review of counter-terror measures. Home Office Minister Damian Green told lawmakers that the order,
Published 21 Jan, 2011 12:00am
Police fire shots to disperse new Tunis protest

Police fire shots to disperse new Tunis protest

Tunisian police fired shots into the air on Thursday to try to disperse hundreds of protesters demanding that ministers associated with the rule of ousted president Zine al-Abidine Ben Ali leave the government. The protesters, who gathered outside the Tun
Published 21 Jan, 2011 12:00am
Amendment in ITO 2001: SRO 09(1)/2011 termed draconian for taxpayers

Amendment in ITO 2001: SRO 09(1)/2011 termed draconian for taxpayers

Income Tax Bar Association (ITBA) on Thursday termed the amendment made in Income Tax Ordinance (ITO), 2001 through S.R.O. 09(1)/2011 as draconian for taxpayers. In a letter to the high-ups in the Federal Board of Revenue (FBR) said the board had made pub
Published 21 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jan, 2011 12:00am
PSO clarification

PSO clarification

Apropos news item titled "Panezai to replace Haji at PSO?" carried by Business Recorder in its Thursday issue, PSO categorically denies any probability of the current Chairman, Board of Management Nazim Haji being replaced. The said news report is
Published 21 Jan, 2011 12:00am
PSO clarification

PSO clarification

Apropos news item titled "Panezai to replace Haji at PSO?" carried by Business Recorder in its Thursday issue, PSO categorically denies any probability of the current Chairman, Board of Management Nazim Haji being replaced. The said news report is
Published 21 Jan, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Pakistan's foreign exchange reserves jump to $17.281 billion

Pakistan's foreign exchange reserves jump to $17.281 billion

The country's total liquid foreign reserves reached at ever-highest level of $17.281 billion because of high foreign inflows sent by overseas Pakistanis. According to the State Bank of Pakistan (SBP) the country's total liquid foreign reserves have posted
Published 21 Jan, 2011 12:00am
Pakistan's foreign exchange reserves jump to $17.281 billion

Pakistan's foreign exchange reserves jump to $17.281 billion

The country's total liquid foreign reserves reached at ever-highest level of $17.281 billion because of high foreign inflows sent by overseas Pakistanis. According to the State Bank of Pakistan (SBP) the country's total liquid foreign reserves have posted
Published 21 Jan, 2011 12:00am
Pakistan''s foreign exchange reserves jump to $17.281 billion

Pakistan''s foreign exchange reserves jump to $17.281 billion

The country''s total liquid foreign reserves reached at ever-highest level of $17.281 billion because of high foreign inflows sent by overseas Pakistanis. According to the State Bank of Pakistan (SBP) the country''s total liquid foreign reserves have post
Published 21 Jan, 2011 12:00am
Oil workers of Hungarian MOL killed in Kohat

Oil workers of Hungarian MOL killed in Kohat

Gunmen attacked employees of a Hungarian oil and gas company returning from work in north-west Pakistan on Thursday, killing two of them and abducting two others. Four soldiers guarding the convoy were also killed, a top official said. All those killed an
Published 21 Jan, 2011 12:00am
Oil workers of Hungarian MOL killed in Kohat

Oil workers of Hungarian MOL killed in Kohat

Gunmen attacked employees of a Hungarian oil and gas company returning from work in north-west Pakistan on Thursday, killing two of them and abducting two others. Four soldiers guarding the convoy were also killed, a top official said. All those killed an
Published 21 Jan, 2011 12:00am
UK bans Tehrik-i-Taliban Pakistan

UK bans Tehrik-i-Taliban Pakistan

The British Government has banned terrorist organisation Tehrik-i-Taliban Pakistan (TTP) which had carried out bombings across Pakistan and was reportedly linked to last year's failed Times Square terrorist attack in New York. The Home Office (interior Mi
Published 21 Jan, 2011 12:00am
UK bans Tehrik-i-Taliban Pakistan

UK bans Tehrik-i-Taliban Pakistan

The British Government has banned terrorist organisation Tehrik-i-Taliban Pakistan (TTP) which had carried out bombings across Pakistan and was reportedly linked to last year's failed Times Square terrorist attack in New York. The Home Office (interior Mi
Published 21 Jan, 2011 12:00am
THE RUPEE: dollar higher in interbank deals

THE RUPEE: dollar higher in interbank deals

As a result of strong demand for dollars by importers the rupee depreciated in relation to the US currency in interbank dealings on the currency market on Thursday, dealers said. The rupee dropped 11 paisa against dollar for buying at 86.79 and shed 10 pa
Published 21 Jan, 2011 12:00am
British minister Warsi attacks 'acceptable' Islamophobia

British minister Warsi attacks 'acceptable' Islamophobia

The first Muslim woman to sit in the British cabinet warned on Thursday that discrimination against Muslims in Britain has become socially acceptable and must be tackled. "It has seeped into our society in a way where it is acceptable around dinner to hav
Published 21 Jan, 2011 12:00am
THE RUPEE: dollar higher in interbank deals

THE RUPEE: dollar higher in interbank deals

As a result of strong demand for dollars by importers the rupee depreciated in relation to the US currency in interbank dealings on the currency market on Thursday, dealers said. The rupee dropped 11 paisa against dollar for buying at 86.79 and shed 10 pa
Published 21 Jan, 2011 12:00am
British minister Warsi attacks 'acceptable' Islamophobia

British minister Warsi attacks 'acceptable' Islamophobia

The first Muslim woman to sit in the British cabinet warned on Thursday that discrimination against Muslims in Britain has become socially acceptable and must be tackled. "It has seeped into our society in a way where it is acceptable around dinner to hav
Published 21 Jan, 2011 12:00am
Monitoring of Afghan cargo: four customs checkposts non-functional

Monitoring of Afghan cargo: four customs checkposts non-functional

The four customs checkposts set up by the Federal Board of Revenue (FBR) at Baburloi, Khairabad, Khur Khera and Baleli for monitoring of Afghan transit cargo are almost non-functional. The FTO report on "ISAF containers scam' revealed that the Customs Dep
Published 21 Jan, 2011 12:00am
Monitoring of Afghan cargo: four customs checkposts non-functional

Monitoring of Afghan cargo: four customs checkposts non-functional

The four customs checkposts set up by the Federal Board of Revenue (FBR) at Baburloi, Khairabad, Khur Khera and Baleli for monitoring of Afghan transit cargo are almost non-functional. The FTO report on "ISAF containers scam' revealed that the Customs Dep
Published 21 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Monitoring of Afghan cargo: four customs checkposts non-functional

Monitoring of Afghan cargo: four customs checkposts non-functional

The four customs checkposts set up by the Federal Board of Revenue (FBR) at Baburloi, Khairabad, Khur Khera and Baleli for monitoring of Afghan transit cargo are almost non-functional. The FTO report on "ISAF containers scam'' revealed that the Customs De
Published 21 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (January 20, 2011) and for Friday (January 21, 2011).
Published 21 Jan, 2011 12:00am
ZTBL appointments issue: IHC seeks comments from SBP Governor

ZTBL appointments issue: IHC seeks comments from SBP Governor

The Islamabad High Court (IHC) on Thursday sought comments from Governor State Bank of Pakistan, Secretary Establishment, Secretary Finance and President of Zari Taraqiati Bank Limited (ZTBL) over observance of rules and regulations in the appointments ma
Published 21 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 21 Jan, 2011 12:00am
Foreign office contradicts report

Foreign office contradicts report

Foreign Office on Thursday categorically denied a news item published in a section of press about treatment of Taliban leader Mullah Omar in Pakistan. Foreign Office Spokesman Abdul Basit while commenting on the news item that Afghan Taliban leader Mullah
Published 21 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 21 Jan, 2011 12:00am
Hospitalisation of Mullah Omar: Taliban rejects report

Hospitalisation of Mullah Omar: Taliban rejects report

A Taliban spokesman rejected a report Thursday that the group's little-seen one-eyed leader was treated for a heart attack in a Pakistani hospital with the help of that country's spy agency. The report from a private intelligence-gathering company was unf
Published 21 Jan, 2011 12:00am
Wajid Durrani new IGP Islamabad

Wajid Durrani new IGP Islamabad

Wajid Durrani has been appointed new Inspector General Police (IGP) of Islamabad, official sources said. The out-going IGP Syed Kaleem Imam remained Islamabad police chief for more than one-and-a-half year.
Published 21 Jan, 2011 12:00am
Plea to take cognisance of plunder of national exchequer

Plea to take cognisance of plunder of national exchequer

Imtiaz Ali Khuhro, chairman Employees Welfare Action Committee of National Development Finance Corporation (NDFC) on Thursday appealed to the Chief Justice Iftikhar Muhammad Chaudhry to take cognisance of worst ever plunder of national exchequer to the tu
Published 21 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
PCO case: judges blame Musharraf

PCO case: judges blame Musharraf

The superior court judges facing contempt charges for taking oath under the Provisional Constitutional Order (PCO) on Thursday shifted the blame to former President Pervez Musharraf, pleading for initiation of proceedings against him under charges of high
Published 21 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 20, 2011).

Published 21 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Thursday (January 20, 2011) and the forecast for Friday (January 21, 2011).

Published 21 Jan, 2011 12:00am
Seminar on teachings of Hazrat Data Ganj Bakhsh

Seminar on teachings of Hazrat Data Ganj Bakhsh

Minister Religious Affairs Auqaf Haji Ihsan-ul-Din Qureshi has said that the extract of Hazrat Data Gunj Bukhsh's teachings is love and he never hated anyone even to his enemy.
Published 21 Jan, 2011 12:00am
Sugar import: Senate panel concerned at ruling out TCP

Sugar import: Senate panel concerned at ruling out TCP

There is a shortage of 840,000 tons of sugar in the country and the government has allowed private sector to import raw sugar without regulatory duty. According to government strategy 2010-11," private sector has been allowed to import raw sugar and withd
Published 21 Jan, 2011 12:00am
PPP, MQM decide to strengthen bilateral ties

PPP, MQM decide to strengthen bilateral ties

Leaders of Pakistan People's Party (PPP), and Muttahida Qaumi Movement (MQM), on Thursday decided to strengthen the relations and reconciliation between them. This was decided in a meeting of the leaders of the two political entities held at Sindh Chief M
Published 21 Jan, 2011 12:00am
LHC summons AGP on January 27

LHC summons AGP on January 27

A full bench of the Lahore High Court (LHC) here on Thursday summoned Attorney General of Pakistan (AGP) on January 27 in some identical petitions filed by 26 members provincial and national assembly challenging their qualification. MPAs and MNAs have rai
Published 21 Jan, 2011 12:00am
Altaf for reinstatement of sacked employees of KESC

Altaf for reinstatement of sacked employees of KESC

Muttahida Qaumi Movement (MQM), Chief Altaf Hussain has called for immediate reinstatement of all the sacked employees of Karachi Electric Supply Company (KESC). Altaf Hussain has said that the administration must restore all the employees to their positi
Published 21 Jan, 2011 12:00am
IGI Investment Bank launches 'Fund Select Portal'

IGI Investment Bank launches 'Fund Select Portal'

IGI Investment Bank Limited has introduced "Fund Select Portal". This is a web based portal facilitating both corporate and retail investors with on-line access to information concerning their investment and the industry.
Published 21 Jan, 2011 12:00am
HBFCL honours outgoing chairman of trade union

HBFCL honours outgoing chairman of trade union

House Building Finance Corporation Limited (HBFCL), the country's oldest housing finance institution, recently held a ceremony to honour Malik Asif Hayat, the outgoing Chairman of the trade union. He was recognised for his invaluable contributions to both
Published 21 Jan, 2011 12:00am
MCB's AMC merges with Arif Habib Investments: accord inked

MCB's AMC merges with Arif Habib Investments: accord inked

MCB Bank, sponsors of MCB Asset Management Company Limited and shareholders of Arif Habib Investments Limited signed the shareholders' agreement on January 19, 2011 for the proposed merger of their asset management companies. The shareholder agreement was
Published 21 Jan, 2011 12:00am
Branchless banking is future of financial sector: Kardar

Branchless banking is future of financial sector: Kardar

Governor State Bank of Pakistan (SBP), Shahid H. Kardar has said branchless banking is future of the country's financial sector as it opens up great opportunities for banks to tap into the un-exploited potential by bringing the unbanked segment of the soc
Published 21 Jan, 2011 12:00am
Branchless banking: UBL to receive support from SBI

Branchless banking: UBL to receive support from SBI

United Bank Limited (UBL) has announced to receive support from ShoreBank International Ltd (SBI) through a $6.9 million grant to SBI from the Bill and Melinda Gates Foundation to scale up the electronic services platform in Pakistan called UBL Omni.
Published 21 Jan, 2011 12:00am
25 cars, 61 motorcycles auctioned

25 cars, 61 motorcycles auctioned

Auction of unclaimed vehicles under the supervision of Civil Judge and Judicial Magistrate, Karachi Central, Ahsan Khan Durrani, nominee of Supreme Court of Pakistan was held on Thursday from 9 am to 5.00 pm. Large number of people representing all walks
Published 21 Jan, 2011 12:00am
ZONG's M9 receives extraordinary response

ZONG's M9 receives extraordinary response

ZONG, received an astounding response to their brand new package "M9". The service gives its subscribers the flexibility to design their own package. M9 is offering wide range of M9 plans allowing its user to pick one of them with as low as 0.90 paisa/min
Published 21 Jan, 2011 12:00am
Copper tumbles

Copper tumbles

Copper fell to its lowest in around a month on Thursday as the dollar rose on US jobless and home sales data and concerns deepened about China tightening its monetary policy, which would soften demand for metals. Three-month copper on the London Metals Ex
Published 21 Jan, 2011 12:00am
World locomotive makers' list to be submitted to LHC today

World locomotive makers' list to be submitted to LHC today

Pakistan Railways General Manager (GM) Operation is to submit a list of locomotive manufacturers of the world today (Friday) before Justice Nasir Saeed Sheikh of the Lahore High Court. This is in relation to the writ petition challenging PR's Tender for 1
Published 21 Jan, 2011 12:00am
Hilal-e-Ahmar Punjab holds blood camp

Hilal-e-Ahmar Punjab holds blood camp

A blood camp was held in government Post Graduate College for Women Samanabad Lahore under management of Hilal-e-Ahmar Punjab, which continued two days. On this occasion female students donated 31 blood bags for the Red Crescent Thalassemia Centre Lahore
Published 21 Jan, 2011 12:00am
US MIDDAY: gold tumbles

US MIDDAY: gold tumbles

Gold prices extended early losses to fall below $1,350 an ounce on Thursday, hitting their lowest in two months, as the euro surrendered gains to turn negative versus the dollar, and as investment demand waned. Gold's slide and losses in other commodities
Published 21 Jan, 2011 12:00am
US MIDDAY: copper crumbles

US MIDDAY: copper crumbles

Copper collapsed on Thursday in its biggest one-day loss since mid-November as a stronger dollar added to early pressure from fears of monetary tightening in China, the world's biggest consumer of the metal. The bearish onslaught spread through the broade
Published 21 Jan, 2011 12:00am
US MIDDAY: wheat, corn and soya down

US MIDDAY: wheat, corn and soya down

Chicago Board of Trade grain futures were lower early on Thursday, pressured by US dollar strength and chart-based profit-taking, traders said. Concerns that China might raise its rates to curb inflation - tempering demand in the process - jarred commodit
Published 21 Jan, 2011 12:00am
US MIDDAY: cocoa jumps

US MIDDAY: cocoa jumps

Cocoa futures jumped to 5-1/2-month peaks on Thursday after failed mediations in top grower Ivory Coast and a fire in a Dutch cocoa factory added to fears about possible supply disruptions. Coffee and sugar slumped, tracking a setback in many other commod
Published 21 Jan, 2011 12:00am
Gold slides in Europe

Gold slides in Europe

Gold prices extended early losses to fall below $1,350 an ounce on Thursday, hitting their lowest in two months, as the euro surrendered gains to turn negative versus the dollar, and as investment demand waned. Spot gold fell as low as $1,344.80 an ounce,
Published 21 Jan, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold prices were steady on Thursday, after three days of consecutive gains, as physical buying in Asia continued, while data from China showing a higher-than-expected inflation number supported sentiment. Spot gold lost $2.25 at $1,367.8 an ounce by
Published 21 Jan, 2011 12:00am
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