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Jan 29, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-03-16
Net inflows post 27 percent increase

Net inflows post 27 percent increase

Some positive signs are visible with regard to the country''s economy as net inflows of foreign investment in Pakistan posted an increase of 27 percent during the first eight months of current fiscal year mainly due to healthy portfolio investment.
Published 16 Mar, 2011 12:00am
'easypaisa' the brand name of branchless banking services

'easypaisa' the brand name of branchless banking services

easypaisa is often described as 'revolutionary'. What is easypaisa and how is it revolutionary? easypaisa is the brand name of a portfolio of branchless banking services being offered jointly by Telenor Pakistan and Tameer Micro Finance Bank in Pakistan.
Published 16 Mar, 2011 12:00am
Hamid Kazmi arrested

Hamid Kazmi arrested

The Federal Investigation Agency (FIA) on Tuesday arrested former Religious Affairs Minister Hamid Saeed Kazmi from the District Courts Rawalpindi premises, after the court rejected extension in his interim bail. Special Judge Central (SJC) Sohail Nasir r
Published 16 Mar, 2011 12:00am
Technology Innovation - a driving force for m-Commerce

Technology Innovation - a driving force for m-Commerce

Mobile innovation has created endless business possibilities. Going mobile is no longer just an option for businesses; it is, in fact, essential for survival in this competitive market.
Published 16 Mar, 2011 12:00am
Hamid Kazmi arrested

Hamid Kazmi arrested

The Federal Investigation Agency (FIA) on Tuesday arrested former Religious Affairs Minister Hamid Saeed Kazmi from the District Courts Rawalpindi premises, after the court rejected extension in his interim bail. Special Judge Central (SJC) Sohail Nasir r
Published 16 Mar, 2011 12:00am
RPP programme in Pakistan: past and present

RPP programme in Pakistan: past and present

So much has been said on rental power in Pakistan. Interestingly, it is still a little understood and a widely hypothesised phenomenon. In this article we would try to understand the facts behind the idea - especially in the context of Pakistan, a country
Published 16 Mar, 2011 12:00am
Nespak sees foul play in Korangi land deal

Nespak sees foul play in Korangi land deal

National Engineering Services Pakistan (Nespak), a public sector organisation, has confirmed a "dacoity" of Rs 500 million in procurement of 10 acre land at Korangi (Karachi) by the National Insurance Company Limited (NICL) allegedly planned by a group of
Published 16 Mar, 2011 12:00am
HBL MobileBanking: bridging the gap

HBL MobileBanking: bridging the gap

It is estimated that today there are more than 4 billion people across the globe using mobile technology. Figures in Pakistan are estimated to be just shy of the 100 million mark. While these figures are staggering in and of themselves, the interesting fa
Published 16 Mar, 2011 12:00am
Nespak sees foul play in Korangi land deal

Nespak sees foul play in Korangi land deal

National Engineering Services Pakistan (Nespak), a public sector organisation, has confirmed a "dacoity" of Rs 500 million in procurement of 10 acre land at Korangi (Karachi) by the National Insurance Company Limited (NICL) allegedly planned by a group of
Published 16 Mar, 2011 12:00am
Banking should be for everyone

Banking should be for everyone

Business Development Director, mCommerce (AbacusConsulting is a Strategic Partner of Sybase (An SAP company)) According to estimates by the United States Census Bureau, we now have a world population of over 6.7 billion, all of whom require access to basi
Published 16 Mar, 2011 12:00am
Nespak sees foul play in Korangi land deal

Nespak sees foul play in Korangi land deal

National Engineering Services Pakistan (Nespak), a public sector organisation, has confirmed a "dacoity" of Rs 500 million in procurement of 10 acre land at Korangi (Karachi) by the National Insurance Company Limited (NICL) allegedly planned by a group of
Published 16 Mar, 2011 12:00am
SECP carries out performance review of funds

SECP carries out performance review of funds

The Securities and Exchange Commission of Pakistan (SECP) has carried out performance review of conventional and Shariah-compliant pension funds set up under the Voluntary Pension System Rules for the 6 months from July 1 to December 31, 2010. According t
Published 16 Mar, 2011 12:00am
SECP carries out performance review of funds

SECP carries out performance review of funds

The Securities and Exchange Commission of Pakistan (SECP) has carried out performance review of conventional and Shariah-compliant pension funds set up under the Voluntary Pension System Rules for the 6 months from July 1 to December 31, 2010. According t
Published 16 Mar, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 16 Mar, 2011 12:00am
SECP carries out performance review of funds

SECP carries out performance review of funds

The Securities and Exchange Commission of Pakistan (SECP) has carried out performance review of conventional and Shariah-compliant pension funds set up under the Voluntary Pension System Rules for the 6 months from July 1 to December 31, 2010. According t
Published 16 Mar, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 16 Mar, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (March 15, 2011).

Published 16 Mar, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (March 15, 2011).

Published 16 Mar, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (March 15, 2011).

Published 16 Mar, 2011 12:00am
15 percent surcharge also applicable on salaried class

15 percent surcharge also applicable on salaried class

The imposition of 15 percent surcharge on income tax for Tax Year 2011 would also be applicable on salaried class with immediate effect. Legal experts told Business Recorder here on Tuesday that the surcharge would be applicable on salaries paid af
Published 16 Mar, 2011 12:00am
15 percent surcharge also applicable on salaried class

15 percent surcharge also applicable on salaried class

The imposition of 15 percent surcharge on income tax for Tax Year 2011 would also be applicable on salaried class with immediate effect. Legal experts told Business Recorder here on Tuesday that the surcharge would be applicable on salaries paid af
Published 16 Mar, 2011 12:00am
15 percent surcharge also applicable on salaried class

15 percent surcharge also applicable on salaried class

The imposition of 15 percent surcharge on income tax for Tax Year 2011 would also be applicable on salaried class with immediate effect. Legal experts told Business Recorder here on Tuesday that the surcharge would be applicable on salaries paid af
Published 16 Mar, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (March 15, 2011).

Published 16 Mar, 2011 12:00am
Revenue target further slashed

Revenue target further slashed

The government has further slashed revenue target for the current fiscal to Rs 1580, Rs 87 billion less than original projection of Rs 1667 billion, said a senior official of the Finance ministry. It is second downward revision in current fiscal year reve
Published 16 Mar, 2011 12:00am
Revenue target further slashed

Revenue target further slashed

The government has further slashed revenue target for the current fiscal to Rs 1580, Rs 87 billion less than original projection of Rs 1667 billion, said a senior official of the Finance ministry. It is second downward revision in current fiscal year reve
Published 16 Mar, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 15, 2011).
Published 16 Mar, 2011 12:00am
Revenue target further slashed

Revenue target further slashed

The government has further slashed revenue target for the current fiscal to Rs 1580, Rs 87 billion less than original projection of Rs 1667 billion, said a senior official of the Finance ministry. It is second downward revision in current fiscal year reve
Published 16 Mar, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 15, 2011).

Published 16 Mar, 2011 12:00am
Two percent increase in power tariff notified

Two percent increase in power tariff notified

The Ministry of Water and Power has notified two percent increase in power tariff across the board after getting it vetted by the Ministry of Law and Justice, official sources told Business Recorder. "We have increased two percent surcharge on powe
Published 16 Mar, 2011 12:00am
Two percent increase in power tariff notified

Two percent increase in power tariff notified

The Ministry of Water and Power has notified two percent increase in power tariff across the board after getting it vetted by the Ministry of Law and Justice, official sources told Business Recorder. "We have increased two percent surcharge on powe
Published 16 Mar, 2011 12:00am
Two percent increase in power tariff notified

Two percent increase in power tariff notified

The Ministry of Water and Power has notified two percent increase in power tariff across the board after getting it vetted by the Ministry of Law and Justice, official sources told Business Recorder. "We have increased two percent surcharge on powe
Published 16 Mar, 2011 12:00am
Bahrain declares martial law

Bahrain declares martial law

Bahrain declared martial law on Tuesday, looking to end weeks of protests by the island's Shia Muslim majority, with Saudi troops on hand in the Sunni-ruled kingdom to help quell the unrest. The three-month state of emergency will hand considerable powers
Published 16 Mar, 2011 12:00am
Bahrain declares martial law

Bahrain declares martial law

Bahrain declared martial law on Tuesday, looking to end weeks of protests by the island's Shia Muslim majority, with Saudi troops on hand in the Sunni-ruled kingdom to help quell the unrest. The three-month state of emergency will hand considerable powers
Published 16 Mar, 2011 12:00am
Resolution of tax dispute: Law ministry yet to give ruling on AG's power

Resolution of tax dispute: Law ministry yet to give ruling on AG's power

The Law and Justice Division has not yet responded to the legal issue raised by the Federal Board of Revenue (FBR) whether the Auditor-General of Pakistan (AGP) is legally empowered to challenge the resolution of tax disputes through the FBR's Alternative
Published 16 Mar, 2011 12:00am
Resolution of tax dispute: Law ministry yet to give ruling on AG's power

Resolution of tax dispute: Law ministry yet to give ruling on AG's power

The Law and Justice Division has not yet responded to the legal issue raised by the Federal Board of Revenue (FBR) whether the Auditor-General of Pakistan (AGP) is legally empowered to challenge the resolution of tax disputes through the FBR's Alternative
Published 16 Mar, 2011 12:00am
Index loses 216.14 points

Index loses 216.14 points

The KSE-100 index on Tuesday witnessed a heavy fall of 216.14 points and closed at the level of 11,829.24 points on panic selling due to investors fear for impact of Japanese disaster on global economy, analysts said. The market opened on strong negative
Published 16 Mar, 2011 12:00am
Index loses 216.14 points

Index loses 216.14 points

The KSE-100 index on Tuesday witnessed a heavy fall of 216.14 points and closed at the level of 11,829.24 points on panic selling due to investors fear for impact of Japanese disaster on global economy, analysts said. The market opened on strong negative
Published 16 Mar, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (March 15, 2011).

Published 16 Mar, 2011 12:00am
Index loses 216.14 points

Index loses 216.14 points

The KSE-100 index on Tuesday witnessed a heavy fall of 216.14 points and closed at the level of 11,829.24 points on panic selling due to investors fear for impact of Japanese disaster on global economy, analysts said. The market opened on strong negative
Published 16 Mar, 2011 12:00am
BRIndex30 down 202.29 points

BRIndex30 down 202.29 points

On Tuesday, BRIndex30 opened at 8,844.18. It touched an intraday high of 8,897.06 and an intraday low of 8,603.46 and closed at 8,641.89 which was -202.29 points or -2.29 percent lower than previous close. Total volume was 79,036,900, which was 58.51 perc
Published 16 Mar, 2011 12:00am
BRIndex30 down 202.29 points

BRIndex30 down 202.29 points

On Tuesday, BRIndex30 opened at 8,844.18. It touched an intraday high of 8,897.06 and an intraday low of 8,603.46 and closed at 8,641.89 which was -202.29 points or -2.29 percent lower than previous close. Total volume was 79,036,900, which was 58.51 perc
Published 16 Mar, 2011 12:00am
Equities fail to maintain bullish trend on LSE

Equities fail to maintain bullish trend on LSE

Equities on Tuesday failed to maintain bullish trend on the Lahore Stock Exchange and remained under pressure because of selling pressure on account of profit taking. The LSE-25 index was considerably moved down by 68.33 points and ended at 3579.04 agains
Published 16 Mar, 2011 12:00am
Equities fail to maintain bullish trend on LSE

Equities fail to maintain bullish trend on LSE

Equities on Tuesday failed to maintain bullish trend on the Lahore Stock Exchange and remained under pressure because of selling pressure on account of profit taking. The LSE-25 index was considerably moved down by 68.33 points and ended at 3579.04 agains
Published 16 Mar, 2011 12:00am
ISE Index plunges by 69.77 points

ISE Index plunges by 69.77 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 69.77 points as the ISE Ten Index moved from 2,835.70 to 2,765.93
Published 16 Mar, 2011 12:00am
ISE Index plunges by 69.77 points

ISE Index plunges by 69.77 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 69.77 points as the ISE Ten Index moved from 2,835.70 to 2,765.93
Published 16 Mar, 2011 12:00am
EU mulls nuclear-free future, tests on reactors

EU mulls nuclear-free future, tests on reactors

Europe is considering "stress testing" its nuclear power stations to check they can cope with crises, while its energy chief on Tuesday even raised the prospect of a nuclear-free future. The developments mark a dramatic turnaround for a continent that had
Published 16 Mar, 2011 12:00am
PML-Q to stay in Opposition: Mushahid

PML-Q to stay in Opposition: Mushahid

Secretary General Pakistan Muslim League (Q) Mushahid Hussain Syed on Tuesday said his party would stay in the opposition rather joining hands with those who termed his party "Qatil" (killer) League. "Those who had termed the PML as Qatil League earlier,
Published 16 Mar, 2011 12:00am
SBP extends deadline for submission of claims

SBP extends deadline for submission of claims

The State Bank of Pakistan (SBP) has extended deadline for submission of claims against write off loans in Malakand, Swat, Buner and Chitral districts under the Prime Minister's Fiscal Relief Package to Rehabilitate Economic Life in Khyber Pakhtunkhwa, Fe
Published 16 Mar, 2011 12:00am
SBP extends deadline for submission of claims

SBP extends deadline for submission of claims

The State Bank of Pakistan (SBP) has extended deadline for submission of claims against write off loans in Malakand, Swat, Buner and Chitral districts under the Prime Minister's Fiscal Relief Package to Rehabilitate Economic Life in Khyber Pakhtunkhwa, Fe
Published 16 Mar, 2011 12:00am
SBP extends deadline for submission of claims

SBP extends deadline for submission of claims

The State Bank of Pakistan (SBP) has extended deadline for submission of claims against write off loans in Malakand, Swat, Buner and Chitral districts under the Prime Minister''s Fiscal Relief Package to Rehabilitate Economic Life in Khyber Pakhtunkhwa, F
Published 16 Mar, 2011 12:00am
Protest at PQA terminal: two killed, several injured

Protest at PQA terminal: two killed, several injured

At least 2 dock workers of PQA were killed and several others seriously injured when police and Rangers allegedly opened gunfire and teargas shelling at the protesting dockers at the seaport, here on Tuesday. Hundreds of dock workers of Port Qasim Authori
Published 16 Mar, 2011 12:00am
Protest at PQA terminal: two killed, several injured

Protest at PQA terminal: two killed, several injured

At least 2 dock workers of PQA were killed and several others seriously injured when police and Rangers allegedly opened gunfire and teargas shelling at the protesting dockers at the seaport, here on Tuesday. Hundreds of dock workers of Port Qasim Authori
Published 16 Mar, 2011 12:00am
Benazir Bhutto's murder: LHC approached for transfer of case

Benazir Bhutto's murder: LHC approached for transfer of case

Former Rawalpani Police Chief, Saud Aziz, has approached the Lahore High Court, seeking transfer of his bail matter from Rawalpindi bench to Lahore. Aziz, through his counsel Khawaja Sultan, submitted that LHC Rawalpindi bench might be influenced by top g
Published 16 Mar, 2011 12:00am
Benazir Bhutto's murder: LHC approached for transfer of case

Benazir Bhutto's murder: LHC approached for transfer of case

Former Rawalpani Police Chief, Saud Aziz, has approached the Lahore High Court, seeking transfer of his bail matter from Rawalpindi bench to Lahore. Aziz, through his counsel Khawaja Sultan, submitted that LHC Rawalpindi bench might be influenced by top g
Published 16 Mar, 2011 12:00am
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