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Nov 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-02-07
Futures open interest up by six percent

Futures open interest up by six percent

Total open interest at the futures counter increased by 6 percent on week-on-week basis to Rs 1.71 billion. The futures spreads, however, declined by 211bps on week-on-week basis to 4.09 percent. Trading at the futures counter remained low as the average
Published 07 Feb, 2011 12:00am
Futures open interest up by six percent

Futures open interest up by six percent

Total open interest at the futures counter increased by 6 percent on week-on-week basis to Rs 1.71 billion. The futures spreads, however, declined by 211bps on week-on-week basis to 4.09 percent. Trading at the futures counter remained low as the average
Published 07 Feb, 2011 12:00am
Futures open interest up by six percent

Futures open interest up by six percent

Total open interest at the futures counter increased by 6 percent on week-on-week basis to Rs 1.71 billion. The futures spreads, however, declined by 211bps on week-on-week basis to 4.09 percent. Trading at the futures counter remained low as the average
Published 07 Feb, 2011 12:00am
Futures open interest up by six percent

Futures open interest up by six percent

Total open interest at the futures counter increased by 6 percent on week-on-week basis to Rs 1.71 billion. The futures spreads, however, declined by 211bps on week-on-week basis to 4.09 percent. Trading at the futures counter remained low as the average
Published 07 Feb, 2011 12:00am
Index loses 47.35 points

Index loses 47.35 points

Despite continuous support by foreign investors, the KSE-100 index lost 47.35 points and closed the week ending on February 4, 2011 at 12,415.35 points due to selling mainly by local participants. The average daily volume at ready counter improved slightl
Published 07 Feb, 2011 12:00am
Index loses 47.35 points

Index loses 47.35 points

Despite continuous support by foreign investors, the KSE-100 index lost 47.35 points and closed the week ending on February 4, 2011 at 12,415.35 points due to selling mainly by local participants. The average daily volume at ready counter improved slightl
Published 07 Feb, 2011 12:00am
Index loses 47.35 points

Index loses 47.35 points

Despite continuous support by foreign investors, the KSE-100 index lost 47.35 points and closed the week ending on February 4, 2011 at 12,415.35 points due to selling mainly by local participants. The average daily volume at ready counter improved slightl
Published 07 Feb, 2011 12:00am
Saarc body session: Pakistan reiterates support to regional co-operation

Saarc body session: Pakistan reiterates support to regional co-operation

Foreign Secretary, Salman Bashir on Sunday affirmed Pakistan''s support for comprehensive regional co-operation under South Asian Association for Regional Co-operation (Saarc) framework. The foreign secretary is leading Pakistan''s delegation to the 38th
Published 07 Feb, 2011 12:00am
Saarc body session: Pakistan reiterates support to regional co-operation

Saarc body session: Pakistan reiterates support to regional co-operation

Foreign Secretary, Salman Bashir on Sunday affirmed Pakistan's support for comprehensive regional co-operation under South Asian Association for Regional Co-operation (Saarc) framework. The foreign secretary is leading Pakistan's delegation to the 38th se
Published 07 Feb, 2011 12:00am
Saarc body session: Pakistan reiterates support to regional co-operation

Saarc body session: Pakistan reiterates support to regional co-operation

Foreign Secretary, Salman Bashir on Sunday affirmed Pakistan's support for comprehensive regional co-operation under South Asian Association for Regional Co-operation (Saarc) framework. The foreign secretary is leading Pakistan's delegation to the 38th se
Published 07 Feb, 2011 12:00am
Urea sales drop by 21 percent due to price hike in January

Urea sales drop by 21 percent due to price hike in January

Fertilizer sales have dropped by 21 per cent in January 2011 as compared to corresponding period of last year due to Rs350 per 50-Kg bag increase in the price of Urea and profiteering in the country, agronomists told Business Recorder here on Sunda
Published 07 Feb, 2011 12:00am
Urea sales drop by 21 percent due to price hike in January

Urea sales drop by 21 percent due to price hike in January

Fertilizer sales have dropped by 21 per cent in January 2011 as compared to corresponding period of last year due to Rs350 per 50-Kg bag increase in the price of Urea and profiteering in the country, agronomists told Business Recorder here on Sunda
Published 07 Feb, 2011 12:00am
Urea sales drop by 21 percent due to price hike in January

Urea sales drop by 21 percent due to price hike in January

Fertilizer sales have dropped by 21 per cent in January 2011 as compared to corresponding period of last year due to Rs350 per 50-Kg bag increase in the price of Urea and profiteering in the country, agronomists told Business Recorder here on Sunda
Published 07 Feb, 2011 12:00am
Butt, Amir to appeal against ICC ban

Butt, Amir to appeal against ICC ban

Salman Butt and Mohammad Amir returned to Pakistan on Sunday and pledged to clear their names of corruption charges that earned them bans of at least five years each from an International Cricket Council (ICC) tribunal. Former test captain Butt and pace b
Published 07 Feb, 2011 12:00am
Butt, Amir to appeal against ICC ban

Butt, Amir to appeal against ICC ban

Salman Butt and Mohammad Amir returned to Pakistan on Sunday and pledged to clear their names of corruption charges that earned them bans of at least five years each from an International Cricket Council (ICC) tribunal. Former test captain Butt and pace b
Published 07 Feb, 2011 12:00am
Salman, Aamer, Asif banned on solid evidence: Lorgat

Salman, Aamer, Asif banned on solid evidence: Lorgat

The International Cricket Council's chief executive Haroon Lorgat on Sunday said three Pakistan players Salman Butt, Asif and Aamer were banned on solid proof of corruption. "We are satisfied at the tribunal's decision, which was taken on solid evidence a
Published 07 Feb, 2011 12:00am
Salman, Aamer, Asif banned on solid evidence: Lorgat

Salman, Aamer, Asif banned on solid evidence: Lorgat

The International Cricket Council's chief executive Haroon Lorgat on Sunday said three Pakistan players Salman Butt, Asif and Aamer were banned on solid proof of corruption. "We are satisfied at the tribunal's decision, which was taken on solid evidence a
Published 07 Feb, 2011 12:00am
Exporters default on $316 million export proceeds

Exporters default on $316 million export proceeds

Exporters failed to bring back $316 million export proceeds in initials months of current fiscal year and the outstanding exports dues have mounted to $927 million. Sources in banking sector told Business Recorder that outstanding export bills amou
Published 07 Feb, 2011 12:00am
Exporters default on $316 million export proceeds

Exporters default on $316 million export proceeds

Exporters failed to bring back $316 million export proceeds in initials months of current fiscal year and the outstanding exports dues have mounted to $927 million. Sources in banking sector told Business Recorder that outstanding export bills amou
Published 07 Feb, 2011 12:00am
Exporters default on $316 million export proceeds

Exporters default on $316 million export proceeds

Exporters failed to bring back $316 million export proceeds in initials months of current fiscal year and the outstanding exports dues have mounted to $927 million. Sources in banking sector told Business Recorder that outstanding export bills amou
Published 07 Feb, 2011 12:00am
Tunisia suspends activities of former ruling party

Tunisia suspends activities of former ruling party

Tunisia's interior minister has suspended all activities of the former ruling party to prevent a breakdown in security, an Interior Ministry source said on Sunday. The announcement follows a series of violent incidents which security officials say are par
Published 07 Feb, 2011 12:00am
Tunisia suspends activities of former ruling party

Tunisia suspends activities of former ruling party

Tunisia's interior minister has suspended all activities of the former ruling party to prevent a breakdown in security, an Interior Ministry source said on Sunday. The announcement follows a series of violent incidents which security officials say are par
Published 07 Feb, 2011 12:00am
Kerry hails 'extraordinary' talks

Kerry hails 'extraordinary' talks

US senator John Kerry hailed "quite extraordinary" talks in Egypt on Sunday but called on President Hosni Mubarak to again address his people to clarify the path forward towards democracy. Kerry was speaking after the Egyptian government's chief negotiato
Published 07 Feb, 2011 12:00am
Kerry hails 'extraordinary' talks

Kerry hails 'extraordinary' talks

US senator John Kerry hailed "quite extraordinary" talks in Egypt on Sunday but called on President Hosni Mubarak to again address his people to clarify the path forward towards democracy. Kerry was speaking after the Egyptian government's chief negotiato
Published 07 Feb, 2011 12:00am
Egyptian opposition rejects government reform offer

Egyptian opposition rejects government reform offer

Opponents of Egyptian President Hosni Mubarak's embattled regime on Sunday dismissed as insufficient an offer to include them in political reform plans, and renewed their demands that he step down. That Vice President Omar Suleiman agreed to sit down with
Published 07 Feb, 2011 12:00am
Egyptian opposition rejects government reform offer

Egyptian opposition rejects government reform offer

Opponents of Egyptian President Hosni Mubarak's embattled regime on Sunday dismissed as insufficient an offer to include them in political reform plans, and renewed their demands that he step down. That Vice President Omar Suleiman agreed to sit down with
Published 07 Feb, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

On the back of high inflows, the rupee managed gains versus dollar during the week ended on Friday, February 4, 2011, shortened due to Kashmir Day holiday on February 5. On the interbank market, the rupee rose by 16 paisa against dollar for buying and sel
Published 07 Feb, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

On the back of high inflows, the rupee managed gains versus dollar during the week ended on Friday, February 4, 2011, shortened due to Kashmir Day holiday on February 5. On the interbank market, the rupee rose by 16 paisa against dollar for buying and sel
Published 07 Feb, 2011 12:00am
Cabinet resizing in consultation process: Gilani

Cabinet resizing in consultation process: Gilani

Prime Minister Syed Yousuf Raza Gilani has said the re-sizing of federal cabinet is currently in consultation process. Talking to a nine-member journalists delegation here on Sunday, he said the ministers' performance was not the only criterion to re-size
Published 07 Feb, 2011 12:00am
Cabinet resizing in consultation process: Gilani

Cabinet resizing in consultation process: Gilani

Prime Minister Syed Yousuf Raza Gilani has said the re-sizing of federal cabinet is currently in consultation process. Talking to a nine-member journalists delegation here on Sunday, he said the ministers' performance was not the only criterion to re-size
Published 07 Feb, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (February 06, 2011) and the forecast for Monday (February 07, 2011).

Published 07 Feb, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 31 to February 04, 2011)

Published 07 Feb, 2011 12:00am
10 injured in Hub bomb blast

10 injured in Hub bomb blast

Ten persons were injured in a bomb explosion outside a mosque here on Sunday night. One of the injured, whose condition is stated to be critical, was shifted to Karachi. According to details a big explosion occurred outside Jama Mosque near Tehsildar offi
Published 07 Feb, 2011 12:00am
PPP Punjab 19-point agenda: 'approval of central leadership required'

PPP Punjab 19-point agenda: 'approval of central leadership required'

Punjab Law and Parliamentary Affairs Minister Rana Sanaullah here on Sunday has asked the PPP Ministers to better announce to stage a sit-in in front of the residences of their central leadership instead of giving a deadline to stage a sit-in in front of
Published 07 Feb, 2011 12:00am
Gilani says he just inaugurated parliamentarian lodges' project

Gilani says he just inaugurated parliamentarian lodges' project

Prime Minister Syed Yousuf Raza Gilani said on Sunday that new block of parliamentarian lodges in Islamabad was one of the parliament and Senate's projects, and he had just performed its inauguration ceremony. Talking to a nine-member delegation of journa
Published 07 Feb, 2011 12:00am
PPP gives deadline to PML-N on 19-point agenda

PPP gives deadline to PML-N on 19-point agenda

Punjab Senior Minister Raja Riaz Ahmad said on Sunday that provincial ministers of the PPP would hold a sit-in in front of the Punjab Assembly building on Tuesday if the PML-N Chief did not respond to the 19-point agenda presented by the PPP.
Published 07 Feb, 2011 12:00am
Five-hour daily loadshedding intimated to industry by Lesco

Five-hour daily loadshedding intimated to industry by Lesco

Lahore Electric Supply Company (Lesco) has intimated a five hour daily electricity load shedding schedule to the industrialists effective from February 7, 2011, Vice Chairman FPCCI textile committee, Faraz Alam told Business Recorder here on Sunday
Published 07 Feb, 2011 12:00am
Child Labour

Child Labour

Child labour is a serious problem in many parts of the world especially in the developing countries. As we know that seventy three million children ages ten to fourteen, are working illegally in the world today. Child labour is a cheap labour force.
Published 07 Feb, 2011 12:00am
Pakistan exchange traded derivatives

Pakistan exchange traded derivatives

I am writing from the National Commodity Exchange Limited. I read the article "Pakistan Exchange traded Derivatives" that appeared on page 16 of BR on 31st January 2011. I must say it was an interesting piece with a detailed overview of the market. I woul
Published 07 Feb, 2011 12:00am
Corporate split slows US tax cut plan

Corporate split slows US tax cut plan

You might think President Barack Obama's talk of cutting the US corporate tax rate would have the entire business world cooing, but instead the idea could lead to a wrenching split in corporate America. The reason: Obama wants to fund a rate cut by closin
Published 07 Feb, 2011 12:00am
Investors fear anti-market regime in Egypt

Investors fear anti-market regime in Egypt

Investors fear escalating protests against the 30-year rule of Egypt's President Hosni Mubarak could spill over to other Arab countries and lead to regimes more hostile to western investment practices in the region. A more democratic government in Egypt m
Published 07 Feb, 2011 12:00am
IMF and this government

IMF and this government

It is patently evident that the government's economic strategy remains unchanged. The government, under the economic leadership of Hafeez Sheikh, remains committed to complying with the two specific conditions laid down by the International Monetary Fund
Published 07 Feb, 2011 12:00am
Fresh electoral rolls

Fresh electoral rolls

In our country among various factors that tend to undermine transparency of elections, the one at the top is always faulty electoral lists. Not too infrequently a voter would register himself at more than one places, vicariously helped by the door-to-door
Published 07 Feb, 2011 12:00am
A good decision that was overdue

A good decision that was overdue

The Council of Common Interest (CCI), under the chairmanship of Prime Minister Gilani and attended by the chief ministers of the four provinces approved the tight gas reserves (TGR) policy, inclusive of incentives designed to attract foreign companies in
Published 07 Feb, 2011 12:00am
Writers Guild honours 'Social Network,' 'Inception'

Writers Guild honours 'Social Network,' 'Inception'

Facebook film "The Social Network" and thriller "Inception" won top honours from the Writers Guild of America on Saturday in one of the last major Hollywood award shows before the Oscars later this month.
Published 07 Feb, 2011 12:00am
Iraqis demonstrate over lack of basic services

Iraqis demonstrate over lack of basic services

Hundreds of Iraqis took part in scattered demonstrations on Sunday, calling for an improvement in basic services and the resignation of local government officials as unrest sweeps much of the Arab world.
Published 07 Feb, 2011 12:00am
Karzai to announce security transition on March 21

Karzai to announce security transition on March 21

President Hamid Karzai said Sunday he will unveil on March 21 the first provinces where Afghan forces will take over command of the battlefield from Nato, a decade after the US invasion. Nato plans to begin this year handing Afghan forces the security lea
Published 07 Feb, 2011 12:00am
Man tries to set himself on fire at Algeria protest

Man tries to set himself on fire at Algeria protest

An Algerian man doused himself with fuel and tried to set himself on fire on Sunday during a small protest outside a government ministry in the capital to demand more jobs. Algerian opposition groups, inspired by uprisings in Egypt and Tunisia, say they w
Published 07 Feb, 2011 12:00am
Guitar icon Moore found dead in Spanish hotel

Guitar icon Moore found dead in Spanish hotel

Celebrated rock guitarist and former Thin Lizzy star Gary Moore was found dead in a Spanish hotel room Sunday, the band's manager confirmed. Moore, 58, started out in Irish band Skid Row before being drafted into Thin Lizzy by frontman Phil Lynott to repl
Published 07 Feb, 2011 12:00am
Thai-Cambodia border fighting 'damages' temple

Thai-Cambodia border fighting 'damages' temple

Cambodia accused Thailand of damaging an 11th-century temple in fresh clashes on Sunday and appealed to the United Nations to halt the "aggression" in the third day of cross-border fighting. Cambodian Prime Minister Hun Sen urged the United Nations Securi
Published 07 Feb, 2011 12:00am
Iran opens centre for satellite images

Iran opens centre for satellite images

Iran on Sunday opened its first centre to receive satellite images, a new stage in its space programme that coincides with celebrations marking the anniversary of the 1979 Islamic revolution. Defence Minister Ahmad Vahidi said the equipment used in the ce
Published 07 Feb, 2011 12:00am
Britain still a world power despite defence cuts: Cameron

Britain still a world power despite defence cuts: Cameron

Prime Minister David Cameron rejected on Sunday the notion that Britain would lost clout on the international stage as a result of severe defence cuts. "I don't accept that for one single moment. And I'd like to take this opportunity on a US television st
Published 07 Feb, 2011 12:00am
Opposition rejects offer to join new Jordan government

Opposition rejects offer to join new Jordan government

Jordan's opposition said on Sunday it has rejected an offer to join a new government led by Prime Minister Marruf Bakhit and tasked with pushing through reforms. "We have received an offer to join the government of Marruf Bakhit, but we refused," Hamzah M
Published 07 Feb, 2011 12:00am
Nepal's new Prime Minister Khanal sworn in after deadlock ends

Nepal's new Prime Minister Khanal sworn in after deadlock ends

Nepal's newly-elected prime minister Jhalanath Khanal was sworn in at a ceremony in Kathmandu on Sunday, ending a seven-month leadership vacuum in the troubled Himalayan nation. Khanal, chairman of the UML (Unified Marxist Leninist) party, took his oath o
Published 07 Feb, 2011 12:00am
'About 50,000 flood-hit families to be resettled'

'About 50,000 flood-hit families to be resettled'

A total of 50,000 families will be rehabilitated and an area of 100,000 acres will be supported for agricultural cultivation in the flood-affected areas of Sindh.
Published 07 Feb, 2011 12:00am
Crackdown on 'ghost teachers' soon: minister

Crackdown on 'ghost teachers' soon: minister

Senior minister for education, Pir Mazhar-ul-Haq said here Sunday that crackdown on 'ghost teachers' and corrupt officials of his department would soon be launched.
Published 07 Feb, 2011 12:00am
Iranian CG visits MQM headquarters

Iranian CG visits MQM headquarters

Consul General of Iran in Karachi Abbas Ali Abdul Hai, accompanied by First Consul Syed Hassan Alvi, Sunday visited '90', the headquarter of Muttehida Qaumi Movement in Azizabad, Karachi and held meeting with deputy convenor of MQM Rabita (Co-ordination)
Published 07 Feb, 2011 12:00am
Two men gunned down, body of third found

Two men gunned down, body of third found

Two men were killed in different firing incidents in Karachi while body of an aged man was found, here on Sunday. Nisar, 40, son of Murad was gunned down at Hawksbay Road in the limits of Maripur Police Station. The body was shifted to Civil Hospital Kara
Published 07 Feb, 2011 12:00am
Three killed as pickup overturns

Three killed as pickup overturns

Three persons were killed and four others injured when their speeding pickup overturned in Barija area of Jhal Magsi district on Sunday. According to Levies sources, the ill-fated passengers riding on a pickup were going to Khuzdar after attending a Tabli
Published 07 Feb, 2011 12:00am
Over 17 million suffering from pollution: Sharmila

Over 17 million suffering from pollution: Sharmila

Over 17 million population in the metropolis is suffering from environmental pollution and practical steps are needed to reduce it, said Secretary Information Pakistan Peoples' Party (PPP) Women Wing, Sindh, Sharmila Farooqui.
Published 07 Feb, 2011 12:00am
Fertilising oceans seen fruitless in climate fight

Fertilising oceans seen fruitless in climate fight

Fertilising the oceans to boost the growth of tiny plants that soak up greenhouse gases is unlikely to work as a way to slow climate change, a UN-backed study showed on February 01.
Published 07 Feb, 2011 12:00am
Risk of new Chile quake seen after 2010 disaster

Risk of new Chile quake seen after 2010 disaster

The risk of a new earthquake may have increased in an area of Chile's Pacific coast that suffered a massive quake and tsunamis last year that killed more than 500 people, a team of scientists said.
Published 07 Feb, 2011 12:00am
Space telescope spots odd new solar system

Space telescope spots odd new solar system

Astronomers have spotted a strange new solar system with small "puffy" planets packed in close orbit to their sun. And an orbiting space telescope has pointed scientists to more than 1,200 other possible exoplanets - planets outside our own solar system -
Published 07 Feb, 2011 12:00am
Gene test may help spot lethal prostate tumours

Gene test may help spot lethal prostate tumours

Prostate tumors with a distinctive four-gene "signature" are far more lethal than others, laying the groundwork for a test to predict which tumors need aggressive treatment, US researchers said on February 02. Tests of this four-gene signature method alon
Published 07 Feb, 2011 12:00am
Exercise in adults may improve memory

Exercise in adults may improve memory

One year of moderate physical exercise can increase the size of the brain's hippocampus in adults aged 55 and more, leading to an improvement in spatial memory, a new study showed. The hippocampus is a brain structure involved in all forms of memory forma
Published 07 Feb, 2011 12:00am
Amazon drought causes huge carbon emissions

Amazon drought causes huge carbon emissions

A widespread drought in the Amazon rain forest last year was worse than the "once-in-a-century" dry spell in 2005 and may have a bigger impact on global warming than the United States does in a year, British and Brazilian scientists said on February 03.
Published 07 Feb, 2011 12:00am
China gives parents control of kids' online gaming

China gives parents control of kids' online gaming

Chinese authorities have ordered online video game operators to allow parents to monitor their children's playing sessions as part of a nation-wide crackdown on the growing problem of Internet addiction.
Published 07 Feb, 2011 12:00am
New ways to get video online

New ways to get video online

Many web surfers have developed a serious passion for watching video online. It's no real surprise. After all, time flies when you're clicking from one video to the next. Plus, the number of available clips just seems to grow. Now, when you want to watch
Published 07 Feb, 2011 12:00am
Internet addresses depletion reflects wired world

Internet addresses depletion reflects wired world

Thirty years after the first Internet addresses were created, the supply of addresses officially ran dry on February 3. But don't panic. The transition to a new version of addresses is already well under way and, for most people, should occur without even
Published 07 Feb, 2011 12:00am
IBM touts social skills on RIM's PlayBook

IBM touts social skills on RIM's PlayBook

IBM wants to dislodge Microsoft's desktop-bound business software by touting an update of its Lotus programmes designed to harness the mobility and collaboration possible with cloud computing.
Published 07 Feb, 2011 12:00am
Mobile phone power packs: A wall socket to take with you

Mobile phone power packs: A wall socket to take with you

Most people charge their mobile phone using the power cord that came with it. Yet we've all encountered situations where there's no socket within reach. Power packs are the solution. Yet the external batteries in power packs don't always achieve everythin
Published 07 Feb, 2011 12:00am
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