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Print - 2011-03-08
FBR fails to trace manually maintained tax records of Rs one billion

FBR fails to trace manually maintained tax records of Rs one billion

The Federal Board of Revenue (FBR) is unable to trace the old manually maintained tax records of registered persons involving taxes to the tune of over Rs1 billion. This has been admitted by senior officials of the FBR before the special committee of the
Published 08 Mar, 2011 12:00am
FBR fails to trace manually maintained tax records of Rs one billion

FBR fails to trace manually maintained tax records of Rs one billion

The Federal Board of Revenue (FBR) is unable to trace the old manually maintained tax records of registered persons involving taxes to the tune of over Rs1 billion. This has been admitted by senior officials of the FBR before the special committee of the
Published 08 Mar, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Mar, 2011 12:00am
IFC, ADB to invest in MRC

IFC, ADB to invest in MRC

The Asian Development Bank (ADB) and International Finance Corporation (IFC) have shown interest to get 30 percent shares with an investment of about Rs 1.8 billion in Mortgage Refinance Company (MRC), a project for Mortgage Liquidity Facility (MLF) in Pa
Published 08 Mar, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Mar, 2011 12:00am
IFC, ADB to invest in MRC

IFC, ADB to invest in MRC

The Asian Development Bank (ADB) and International Finance Corporation (IFC) have shown interest to get 30 percent shares with an investment of about Rs 1.8 billion in Mortgage Refinance Company (MRC), a project for Mortgage Liquidity Facility (MLF) in Pa
Published 08 Mar, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 08 Mar, 2011 12:00am
IFC, ADB to invest in MRC

IFC, ADB to invest in MRC

The Asian Development Bank (ADB) and International Finance Corporation (IFC) have shown interest to get 30 percent shares with an investment of about Rs 1.8 billion in Mortgage Refinance Company (MRC), a project for Mortgage Liquidity Facility (MLF) in Pa
Published 08 Mar, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Mar, 2011 12:00am
Additional Rs five billion loans: MoF may extend GoP guarantee to PIA

Additional Rs five billion loans: MoF may extend GoP guarantee to PIA

Finance Ministry is likely to extend a Government of Pakistan (GoP) guarantee for the PIA to arrange additional Rs 5 billion loans from commercial banks to meet critical financial requirements, well informed sources told Business Recorder. The sour
Published 08 Mar, 2011 12:00am
Additional Rs five billion loans: MoF may extend GoP guarantee to PIA

Additional Rs five billion loans: MoF may extend GoP guarantee to PIA

Finance Ministry is likely to extend a Government of Pakistan (GoP) guarantee for the PIA to arrange additional Rs 5 billion loans from commercial banks to meet critical financial requirements, well informed sources told Business Recorder. The sour
Published 08 Mar, 2011 12:00am
Additional Rs five billion loans: MoF may extend GoP guarantee to PIA

Additional Rs five billion loans: MoF may extend GoP guarantee to PIA

Finance Ministry is likely to extend a Government of Pakistan (GoP) guarantee for the PIA to arrange additional Rs 5 billion loans from commercial banks to meet critical financial requirements, well informed sources told Business Recorder. The sour
Published 08 Mar, 2011 12:00am
Transfers, postings of FBR officials

Transfers, postings of FBR officials

The Federal Board of Revenue (FBR) has strengthened the Inland Revenue Wing through high level reshuffling in the tax machinery, re-designating and transferring 100 officials (Grade 18-20) working for the Inland Revenue Service (IRS) with immediate effect
Published 08 Mar, 2011 12:00am
Transfers, postings of FBR officials

Transfers, postings of FBR officials

The Federal Board of Revenue (FBR) has strengthened the Inland Revenue Wing through high level reshuffling in the tax machinery, re-designating and transferring 100 officials (Grade 18-20) working for the Inland Revenue Service (IRS) with immediate effect
Published 08 Mar, 2011 12:00am
Transfers, postings of FBR officials

Transfers, postings of FBR officials

The Federal Board of Revenue (FBR) has strengthened the Inland Revenue Wing through high level reshuffling in the tax machinery, re-designating and transferring 100 officials (Grade 18-20) working for the Inland Revenue Service (IRS) with immediate effect
Published 08 Mar, 2011 12:00am
Bijarani to give presentation on USC scam

Bijarani to give presentation on USC scam

A two-billion rupee scam related to computerisation of Utility Stores Corporation (USC) will echo in the Ministry of Industries and Production (MoI&P) on Tuesday (today), reliable sources in the Ministry told Business Recorder. A presentation on a
Published 08 Mar, 2011 12:00am
Bijarani to give presentation on USC scam

Bijarani to give presentation on USC scam

A two-billion rupee scam related to computerisation of Utility Stores Corporation (USC) will echo in the Ministry of Industries and Production (MoI&P) on Tuesday (today), reliable sources in the Ministry told Business Recorder. A presentation on a
Published 08 Mar, 2011 12:00am
Bijarani to give presentation on USC scam

Bijarani to give presentation on USC scam

A two-billion rupee scam related to computerisation of Utility Stores Corporation (USC) will echo in the Ministry of Industries and Production (MoI&P) on Tuesday (today), reliable sources in the Ministry told Business Recorder. A presentation on a
Published 08 Mar, 2011 12:00am
Davis has full immunity: Grossman

Davis has full immunity: Grossman

US Special Representative for Pakistan and Afghanistan Marce Grossman said on Monday that the US wanted a democratic, stable and prosperous Pakistan which is free from the scourge of extremism and violence. He said that the United States (US) and Pakistan
Published 08 Mar, 2011 12:00am
Davis has full immunity: Grossman

Davis has full immunity: Grossman

US Special Representative for Pakistan and Afghanistan Marce Grossman said on Monday that the US wanted a democratic, stable and prosperous Pakistan which is free from the scourge of extremism and violence. He said that the United States (US) and Pakistan
Published 08 Mar, 2011 12:00am
Raymond Davis spate: US envoy meets Zardari, others to ease tensions

Raymond Davis spate: US envoy meets Zardari, others to ease tensions

President Asif Ali Zardari on Monday urged the United States to prevent mistrust caused by isolated diplomatic incidents from spoiling ties between the two nations. Zardari told visiting US envoy for Afghanistan and Pakistan, Marc Grossman that the two co
Published 08 Mar, 2011 12:00am
Raymond Davis spate: US envoy meets Zardari, others to ease tensions

Raymond Davis spate: US envoy meets Zardari, others to ease tensions

President Asif Ali Zardari on Monday urged the United States to prevent mistrust caused by isolated diplomatic incidents from spoiling ties between the two nations. Zardari told visiting US envoy for Afghanistan and Pakistan, Marc Grossman that the two co
Published 08 Mar, 2011 12:00am
Arab unrest: perspectives - IX

Arab unrest: perspectives - IX

While a Facebook page calls for a "day of rage" protest on March 11 in Saudi Arabia some profoundly profound questions making headlines in the global press are: "Is Saudi Arabia next?" "What if Saudi Arabia is next?" "Could the next Mideast uprising happe
Published 08 Mar, 2011 12:00am
Arab unrest: perspectives - IX

Arab unrest: perspectives - IX

While a Facebook page calls for a "day of rage" protest on March 11 in Saudi Arabia some profoundly profound questions making headlines in the global press are: "Is Saudi Arabia next?" "What if Saudi Arabia is next?" "Could the next Mideast uprising happe
Published 08 Mar, 2011 12:00am
Morgan Stanley cancels all Libya oil trade

Morgan Stanley cancels all Libya oil trade

Wall Street bank Morgan Stanley has stopped trading oil with Libya, a trade source said on Monday, in an early indication that US sanctions could further hit exports from the north African producer. Morgan Stanley cancelled all crude oil and refined produ
Published 08 Mar, 2011 12:00am
Morgan Stanley cancels all Libya oil trade

Morgan Stanley cancels all Libya oil trade

Wall Street bank Morgan Stanley has stopped trading oil with Libya, a trade source said on Monday, in an early indication that US sanctions could further hit exports from the north African producer. Morgan Stanley cancelled all crude oil and refined produ
Published 08 Mar, 2011 12:00am
Morgan Stanley cancels all Libya oil trade

Morgan Stanley cancels all Libya oil trade

Wall Street bank Morgan Stanley has stopped trading oil with Libya, a trade source said on Monday, in an early indication that US sanctions could further hit exports from the north African producer. Morgan Stanley cancelled all crude oil and refined produ
Published 08 Mar, 2011 12:00am
Military action against Libya possible: Obama

Military action against Libya possible: Obama

President Barack Obama warned Libya's leaders that the United States and its NATO allies still are considering military options in response to what he called ``unacceptable'' violence perpetrated by supporters of Moammar Gadhafi.
Published 08 Mar, 2011 12:00am
Military action against Libya possible: Obama

Military action against Libya possible: Obama

President Barack Obama warned Libya's leaders that the United States and its NATO allies still are considering military options in response to what he called ``unacceptable' violence perpetrated by supporters of Moammar Gadhafi.
Published 08 Mar, 2011 12:00am
BRIndex30 down 12.16 points

BRIndex30 down 12.16 points

On Monday, BRIndex30 opened at 8,789.35 and fluctuated throughout the trading session. It touched an intraday high of 8,920.20 and an intraday low of 8,714.74 and closed at 8,777.19 which was -12.16 points or 0.14 percent lower than previous close. Total
Published 08 Mar, 2011 12:00am
BRIndex30 down 12.16 points

BRIndex30 down 12.16 points

On Monday, BRIndex30 opened at 8,789.35 and fluctuated throughout the trading session. It touched an intraday high of 8,920.20 and an intraday low of 8,714.74 and closed at 8,777.19 which was -12.16 points or 0.14 percent lower than previous close. Total
Published 08 Mar, 2011 12:00am
KSE loses 25.48 points

KSE loses 25.48 points

The KSE-100 index on Monday lost 25.48 points and closed at the level of 11,974.55 points due to political uncertainty that forced the investors to offload their holdings after mid-session. Although the market witnessed strong positive opening where the i
Published 08 Mar, 2011 12:00am
KSE loses 25.48 points

KSE loses 25.48 points

The KSE-100 index on Monday lost 25.48 points and closed at the level of 11,974.55 points due to political uncertainty that forced the investors to offload their holdings after mid-session. Although the market witnessed strong positive opening where the i
Published 08 Mar, 2011 12:00am
KSE loses 25.48 points

KSE loses 25.48 points

The KSE-100 index on Monday lost 25.48 points and closed at the level of 11,974.55 points due to political uncertainty that forced the investors to offload their holdings after mid-session. Although the market witnessed strong positive opening where the i
Published 08 Mar, 2011 12:00am
PIA plane forced to land in Indonesia

PIA plane forced to land in Indonesia

Officials say two Indonesian fighter jets have forced a Pakistani passenger plane to land after entering Indonesian air space without authorisation. A spokesman for Pakistan International Airlines says the aircraft is chartered by UN peacekeepers in East
Published 08 Mar, 2011 12:00am
PIA plane forced to land in Indonesia

PIA plane forced to land in Indonesia

Officials say two Indonesian fighter jets have forced a Pakistani passenger plane to land after entering Indonesian air space without authorisation. A spokesman for Pakistan International Airlines says the aircraft is chartered by UN peacekeepers in East
Published 08 Mar, 2011 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (March 07, 2011).
Published 08 Mar, 2011 12:00am
PIA plane forced to land in Indonesia

PIA plane forced to land in Indonesia

Officials say two Indonesian fighter jets have forced a Pakistani passenger plane to land after entering Indonesian air space without authorisation. A spokesman for Pakistan International Airlines says the aircraft is chartered by UN peacekeepers in East
Published 08 Mar, 2011 12:00am
CCoP to approve Exchangeable Bonds worth $500 million today

CCoP to approve Exchangeable Bonds worth $500 million today

The Cabinet Committee on Privatisation (CCoP), which is scheduled to meet on Tuesday (today), will approve Exchangeable Bonds (EB) worth $ 500 million with an upsize option of $ 200 million for the Oil and Gas Development Company (OGDCL) and capital marke
Published 08 Mar, 2011 12:00am
CCoP to approve Exchangeable Bonds worth $500 million today

CCoP to approve Exchangeable Bonds worth $500 million today

The Cabinet Committee on Privatisation (CCoP), which is scheduled to meet on Tuesday (today), will approve Exchangeable Bonds (EB) worth $ 500 million with an upsize option of $ 200 million for the Oil and Gas Development Company (OGDCL) and capital marke
Published 08 Mar, 2011 12:00am
CCoP to approve Exchangeable Bonds worth $500 million today

CCoP to approve Exchangeable Bonds worth $500 million today

The Cabinet Committee on Privatisation (CCoP), which is scheduled to meet on Tuesday (today), will approve Exchangeable Bonds (EB) worth $ 500 million with an upsize option of $ 200 million for the Oil and Gas Development Company (OGDCL) and capital marke
Published 08 Mar, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
CCoP to approve Exchangeable Bonds worth $500 million today

CCoP to approve Exchangeable Bonds worth $500 million today

The Cabinet Committee on Privatisation (CCoP), which is scheduled to meet on Tuesday (today), will approve Exchangeable Bonds (EB) worth $ 500 million with an upsize option of $ 200 million for the Oil and Gas Development Company (OGDCL) and capital marke
Published 08 Mar, 2011 12:00am
''Contractual obligations delaying projects''

''Contractual obligations delaying projects''

Some eight power projects having the capacity of generating around 1,100 to 1,200 megawatt of electricity are facing delays because of contractual obligations, said Board of Investment (BoI) Chief Saleem H Mandviwalla during his brief visit to Karkey Kara
Published 08 Mar, 2011 12:00am
'Contractual obligations delaying projects'

'Contractual obligations delaying projects'

Some eight power projects having the capacity of generating around 1,100 to 1,200 megawatt of electricity are facing delays because of contractual obligations, said Board of Investment (BoI) Chief Saleem H Mandviwalla during his brief visit to Karkey Kara
Published 08 Mar, 2011 12:00am
'Contractual obligations delaying projects'

'Contractual obligations delaying projects'

Some eight power projects having the capacity of generating around 1,100 to 1,200 megawatt of electricity are facing delays because of contractual obligations, said Board of Investment (BoI) Chief Saleem H Mandviwalla during his brief visit to Karkey Kara
Published 08 Mar, 2011 12:00am