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Print - 2011-05-17
Pakistan exhibition in Singapore attracting art lovers

Pakistan exhibition in Singapore attracting art lovers

Group exhibition of selected artwork of 13 Pakistani artists for charity is in full swing and doing well in Singapore and is attracting good number of art lovers daily. According to the reports reaching here from Singapore, art lovers including Pakistanis
Published 17 May, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (May 16, 2011).

Published 17 May, 2011 12:00am
Government plans IT campuses at district level: Naek

Government plans IT campuses at district level: Naek

Government has planned to establish Information Technology campuses at district level across the country, said Senate Chairman Farooq H. Naek here on Monday. "Prime Minister has given approval in principle to set up IT campuses all over the country," he s
Published 17 May, 2011 12:00am
US hits debt ceiling, begins pullback

US hits debt ceiling, begins pullback

The US Treasury warned of economic catastrophe Monday as it ran into its $14.29 trillion ceiling on borrowings and began short-term measures to delay breaching the limit. In a letter to US Senate leader Harry Reid, Treasury Secretary Timothy Geithner said
Published 17 May, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (May 16, 2011).

Published 17 May, 2011 12:00am
US hits debt ceiling, begins pullback

US hits debt ceiling, begins pullback

The US Treasury warned of economic catastrophe Monday as it ran into its $14.29 trillion ceiling on borrowings and began short-term measures to delay breaching the limit. In a letter to US Senate leader Harry Reid, Treasury Secretary Timothy Geithner said
Published 17 May, 2011 12:00am
US hits debt ceiling, begins pullback

US hits debt ceiling, begins pullback

The US Treasury warned of economic catastrophe Monday as it ran into its $14.29 trillion ceiling on borrowings and began short-term measures to delay breaching the limit. In a letter to US Senate leader Harry Reid, Treasury Secretary Timothy Geithner said
Published 17 May, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (May 16, 2011).

Published 17 May, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (May 16, 2011).

Published 17 May, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (May 16, 2011).

Published 17 May, 2011 12:00am
Punjab government won''t take foreign aid: chief minister

Punjab government won''t take foreign aid: chief minister

Punjab Chief Minister, Shahbaz Sharif has said in order to live as an independent and sovereign nation we will not take any foreign aid in future and break the begging bowl to achieve self-reliance. The chief minister said that although refusal to foreign
Published 17 May, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (May 16, 2011).

Published 17 May, 2011 12:00am
Punjab government won't take foreign aid: chief minister

Punjab government won't take foreign aid: chief minister

Punjab Chief Minister, Shahbaz Sharif has said in order to live as an independent and sovereign nation we will not take any foreign aid in future and break the begging bowl to achieve self-reliance. The chief minister said that although refusal to foreign
Published 17 May, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (May 16, 2011).

Published 17 May, 2011 12:00am
Punjab government won't take foreign aid: chief minister

Punjab government won't take foreign aid: chief minister

Punjab Chief Minister, Shahbaz Sharif has said in order to live as an independent and sovereign nation we will not take any foreign aid in future and break the begging bowl to achieve self-reliance. The chief minister said that although refusal to foreign
Published 17 May, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (May 16, 2011).

Published 17 May, 2011 12:00am
Iran sends 'solidarity' flotilla to Bahrain

Iran sends 'solidarity' flotilla to Bahrain

Iran sent a flotilla to Bahrain on Monday to show solidarity with mainly Shia Muslim protesters, escalating tensions with the island kingdom that is home to the US Navy's Fifth Fleet. It was not clear when the convoy might reach Bahrain, which has a major
Published 17 May, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 07TH MAY, 2011.

Published 17 May, 2011 12:00am
Iran sends 'solidarity' flotilla to Bahrain

Iran sends 'solidarity' flotilla to Bahrain

Iran sent a flotilla to Bahrain on Monday to show solidarity with mainly Shia Muslim protesters, escalating tensions with the island kingdom that is home to the US Navy's Fifth Fleet. It was not clear when the convoy might reach Bahrain, which has a major
Published 17 May, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 07TH MAY, 2011.

Published 17 May, 2011 12:00am
Monetary Policy on May 21

Monetary Policy on May 21

The State Bank of Pakistan will announce its monetary policy for the next two months on Saturday, May 21, 2011. State Bank of Pakistan chief spokesman Wasimuddin said on Monday that the SBP board will meet on Saturday just after the meeting of Monetary Po
Published 17 May, 2011 12:00am
Monetary Policy on May 21

Monetary Policy on May 21

The State Bank of Pakistan will announce its monetary policy for the next two months on Saturday, May 21, 2011. State Bank of Pakistan chief spokesman Wasimuddin said on Monday that the SBP board will meet on Saturday just after the meeting of Monetary Po
Published 17 May, 2011 12:00am
Monetary Policy on May 21

Monetary Policy on May 21

The State Bank of Pakistan will announce its monetary policy for the next two months on Saturday, May 21, 2011. State Bank of Pakistan chief spokesman Wasimuddin said on Monday that the SBP board will meet on Saturday just after the meeting of Monetary Po
Published 17 May, 2011 12:00am
Deutsche Boerse set for NYSE deal as Nasdaq bows out

Deutsche Boerse set for NYSE deal as Nasdaq bows out

Deutsche Boerse AG moved into pole position to win NYSE Euronext after Nasdaq OMX Group and IntercontinentalExchange Inc withdrew their bid for the rival exchange on Monday. Nasdaq and its co-bidder ICE ditched their $11 billion offer for NYSE Euronext af
Published 17 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 16, 2011).

Published 17 May, 2011 12:00am
Deutsche Boerse set for NYSE deal as Nasdaq bows out

Deutsche Boerse set for NYSE deal as Nasdaq bows out

Deutsche Boerse AG moved into pole position to win NYSE Euronext after Nasdaq OMX Group and IntercontinentalExchange Inc withdrew their bid for the rival exchange on Monday. Nasdaq and its co-bidder ICE ditched their $11 billion offer for NYSE Euronext af
Published 17 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 16, 2011).

Published 17 May, 2011 12:00am
Deutsche Boerse set for NYSE deal as Nasdaq bows out

Deutsche Boerse set for NYSE deal as Nasdaq bows out

Deutsche Boerse AG moved into pole position to win NYSE Euronext after Nasdaq OMX Group and IntercontinentalExchange Inc withdrew their bid for the rival exchange on Monday. Nasdaq and its co-bidder ICE ditched their $11 billion offer for NYSE Euronext af
Published 17 May, 2011 12:00am
Dubai takes over troubled Dubai Bank

Dubai takes over troubled Dubai Bank

The government of debt-laden Dubai announced Monday it is taking over its troubled Islamic lender Dubai Bank, pledging to inject adequate capital into the loss-making lender. "The government of Dubai will immediately make adequate capital injection into D
Published 17 May, 2011 12:00am
Dubai takes over troubled Dubai Bank

Dubai takes over troubled Dubai Bank

The government of debt-laden Dubai announced Monday it is taking over its troubled Islamic lender Dubai Bank, pledging to inject adequate capital into the loss-making lender. "The government of Dubai will immediately make adequate capital injection into D
Published 17 May, 2011 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

Bearish sentiment was seen on the currency market on Monday as the rupee fell against dollar and euro, dealers said. To clear the payments, importers' rush for dollar buying increased before the end of out-going fiscal year, money experts said.
Published 17 May, 2011 12:00am
Dubai takes over troubled Dubai Bank

Dubai takes over troubled Dubai Bank

The government of debt-laden Dubai announced Monday it is taking over its troubled Islamic lender Dubai Bank, pledging to inject adequate capital into the loss-making lender. "The government of Dubai will immediately make adequate capital injection into D
Published 17 May, 2011 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

Bearish sentiment was seen on the currency market on Monday as the rupee fell against dollar and euro, dealers said. To clear the payments, importers' rush for dollar buying increased before the end of out-going fiscal year, money experts said.
Published 17 May, 2011 12:00am
HAIB acquires bank in UK

HAIB acquires bank in UK

Habib Allied International Bank plc (HAIB), a subsidiary of Habib Bank Ltd (HBL) has completed the acquisition of shares of Habibsons Bank Ltd UK which is regulated by the Financial Service Authority of the United Kingdom.
Published 17 May, 2011 12:00am
HAIB acquires bank in UK

HAIB acquires bank in UK

Habib Allied International Bank plc (HAIB), a subsidiary of Habib Bank Ltd (HBL) has completed the acquisition of shares of Habibsons Bank Ltd UK which is regulated by the Financial Service Authority of the United Kingdom.
Published 17 May, 2011 12:00am
HAIB acquires bank in UK

HAIB acquires bank in UK

Habib Allied International Bank plc (HAIB), a subsidiary of Habib Bank Ltd (HBL) has completed the acquisition of shares of Habibsons Bank Ltd UK which is regulated by the Financial Service Authority of the United Kingdom.
Published 17 May, 2011 12:00am
12 percent rise in power tariff during 2011-12

12 percent rise in power tariff during 2011-12

The government is likely to raise power tariff by a maximum of 12 per cent during the next fiscal aimed to minimise the differential between the existing tariffs of Discos'' and cost recovery, well-informed sources told Business Recorder. The gover
Published 17 May, 2011 12:00am
12 percent rise in power tariff during 2011-12

12 percent rise in power tariff during 2011-12

The government is likely to raise power tariff by a maximum of 12 per cent during the next fiscal aimed to minimise the differential between the existing tariffs of Discos' and cost recovery, well-informed sources told Business Recorder. The govern
Published 17 May, 2011 12:00am
12 percent rise in power tariff during 2011-12

12 percent rise in power tariff during 2011-12

The government is likely to raise power tariff by a maximum of 12 per cent during the next fiscal aimed to minimise the differential between the existing tariffs of Discos' and cost recovery, well-informed sources told Business Recorder. The govern
Published 17 May, 2011 12:00am
Supreme Court turns down FIA DG's apology

Supreme Court turns down FIA DG's apology

The Supreme Court on Monday turned down the unconditional apology of Federal Investigation Agency (FIA) Director General Muhammad Iqbal in National Insurance Corporation (NICL) corruption case.
Published 17 May, 2011 12:00am
Supreme Court turns down FIA DG's apology

Supreme Court turns down FIA DG's apology

The Supreme Court on Monday turned down the unconditional apology of Federal Investigation Agency (FIA) Director General Muhammad Iqbal in National Insurance Corporation (NICL) corruption case.
Published 17 May, 2011 12:00am
Ogra chief on his way out

Ogra chief on his way out

The government has decided to "oust" Chairman Oil and Gas Regulatory Authority (OGRA), Tauqir Sadiq, for reportedly submitting a fake LLM degree and increasing gas price of Salsabil gas field despite the advice of the Ministry of Petroleum and Natural Res
Published 17 May, 2011 12:00am
Bears dominate at ISE

Bears dominate at ISE

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 01.25 points from 2,677.42 points to 2,676.17 points. Turnover amounted to 108,200 shares as
Published 17 May, 2011 12:00am
Bears dominate at ISE

Bears dominate at ISE

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 01.25 points from 2,677.42 points to 2,676.17 points. Turnover amounted to 108,200 shares as
Published 17 May, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 May, 2011 12:00am
LSE index sheds 42.50 points

LSE index sheds 42.50 points

Bearish sentiment dominated at Lahore Stock Exchange on Monday where equities registered declines amid decreased trading turnover because of lack of interest on the part of investors. The LSE-25 index was plunged 42.50 points to 3161.71 points against 320
Published 17 May, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 May, 2011 12:00am
LSE index sheds 42.50 points

LSE index sheds 42.50 points

Bearish sentiment dominated at Lahore Stock Exchange on Monday where equities registered declines amid decreased trading turnover because of lack of interest on the part of investors. The LSE-25 index was plunged 42.50 points to 3161.71 points against 320
Published 17 May, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 May, 2011 12:00am
Arab unrest: perspectives - XXVII

Arab unrest: perspectives - XXVII

"Can he [Bashar al-Asad] survive? Should he survive? Do you [Recep Tayyip Erdogan] tell him it's time to go?" The Turkish prime minister has a measured response to these questions: "It's early to make a decision today because the final decision will be ma
Published 17 May, 2011 12:00am
Arab unrest: perspectives - XXVII

Arab unrest: perspectives - XXVII

"Can he [Bashar al-Asad] survive? Should he survive? Do you [Recep Tayyip Erdogan] tell him it's time to go?" The Turkish prime minister has a measured response to these questions: "It's early to make a decision today because the final decision will be ma
Published 17 May, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 May, 2011 12:00am
BRIndex30 down 94.98 points

BRIndex30 down 94.98 points

On Monday, the BRIndex30 opened at 8,661.93 points. It touched the intra-day high of 8,665.12 points and low of 8,562.80 points and closed at 8,566.95 points with a net negative change of -94.98 points, or -1.1 percent lower than previous close.
Published 17 May, 2011 12:00am
BRIndex30 down 94.98 points

BRIndex30 down 94.98 points

On Monday, the BRIndex30 opened at 8,661.93 points. It touched the intra-day high of 8,665.12 points and low of 8,562.80 points and closed at 8,566.95 points with a net negative change of -94.98 points, or -1.1 percent lower than previous close.
Published 17 May, 2011 12:00am
Index loses 65.23 points

Index loses 65.23 points

Bearish trend was witnessed at Karachi share market on Monday due to investors concerns over Pak-US relations and security situation, and the KSE-100 index lost 65.23 points to close at the level of 11,902.12 points. "Strong valuations, foreign interest a
Published 17 May, 2011 12:00am
Index loses 65.23 points

Index loses 65.23 points

Bearish trend was witnessed at Karachi share market on Monday due to investors concerns over Pak-US relations and security situation, and the KSE-100 index lost 65.23 points to close at the level of 11,902.12 points. "Strong valuations, foreign interest a
Published 17 May, 2011 12:00am
Index loses 65.23 points

Index loses 65.23 points

Bearish trend was witnessed at Karachi share market on Monday due to investors concerns over Pak-US relations and security situation, and the KSE-100 index lost 65.23 points to close at the level of 11,902.12 points. "Strong valuations, foreign interest a
Published 17 May, 2011 12:00am
OGDCL Exchangeable Bonds: PC inks deal with a consortium for FAS

OGDCL Exchangeable Bonds: PC inks deal with a consortium for FAS

The Privatisation Commission (PC) here on Monday entered an agreement with the consortium of Citibank, Credit Suisse, J P Morgan and BMA Capital, for the appointment of Financial Advisory Consortia for the issuance of Oil & Gas Development Company Limited
Published 17 May, 2011 12:00am
OGDCL Exchangeable Bonds: PC inks deal with a consortium for FAS

OGDCL Exchangeable Bonds: PC inks deal with a consortium for FAS

The Privatisation Commission (PC) here on Monday entered an agreement with the consortium of Citibank, Credit Suisse, J P Morgan and BMA Capital, for the appointment of Financial Advisory Consortia for the issuance of Oil & Gas Development Company Limited
Published 17 May, 2011 12:00am
OGDCL Exchangeable Bonds: PC inks deal with a consortium for FAS

OGDCL Exchangeable Bonds: PC inks deal with a consortium for FAS

The Privatisation Commission (PC) here on Monday entered an agreement with the consortium of Citibank, Credit Suisse, J P Morgan and BMA Capital, for the appointment of Financial Advisory Consortia for the issuance of Oil & Gas Development Company Limited
Published 17 May, 2011 12:00am
OGDCL Exchangeable Bonds: PC inks deal with a consortium for FAS

OGDCL Exchangeable Bonds: PC inks deal with a consortium for FAS

The Privatisation Commission (PC) here on Monday entered an agreement with the consortium of Citibank, Credit Suisse, J P Morgan and BMA Capital, for the appointment of Financial Advisory Consortia for the issuance of Oil & Gas Development Company Limited
Published 17 May, 2011 12:00am
US drone strikes kill 12

US drone strikes kill 12

A US unmanned drone on Monday fired four missiles into tribal region along Afghan border, killing a dozen people, intelligence officials said. The attack took place in North Waziristan district, a known stronghold of Taliban and al Qaeda militants. An int
Published 17 May, 2011 12:00am
US drone strikes kill 12

US drone strikes kill 12

A US unmanned drone on Monday fired four missiles into tribal region along Afghan border, killing a dozen people, intelligence officials said. The attack took place in North Waziristan district, a known stronghold of Taliban and al Qaeda militants. An int
Published 17 May, 2011 12:00am
'US not eyeing nuclear-assets'

'US not eyeing nuclear-assets'

Senator John Kerry has affirmed that US policy has no designs against Pakistan's nuclear and strategic assets and both the countries have agreed to continue information-sharing and work together in future actions against high value targets in Pakistan.
Published 17 May, 2011 12:00am
'US not eyeing nuclear-assets'

'US not eyeing nuclear-assets'

Senator John Kerry has affirmed that US policy has no designs against Pakistan's nuclear and strategic assets and both the countries have agreed to continue information-sharing and work together in future actions against high value targets in Pakistan.
Published 17 May, 2011 12:00am