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Print - 2011-05-25
Profiles of 17,000 undocumented persons sent to RTOs

Profiles of 17,000 undocumented persons sent to RTOs

The Directorate General of Intelligence and Investigation, Inland Revenue, Federal Board of Revenue (FBR), has dispatched additional information of over 17,000 Karachi-based high-profile persons to the relevant Regional Tax Offices for bringing these undo
Published 25 May, 2011 12:00am
Profiles of 17,000 undocumented persons sent to RTOs

Profiles of 17,000 undocumented persons sent to RTOs

The Directorate General of Intelligence and Investigation, Inland Revenue, Federal Board of Revenue (FBR), has dispatched additional information of over 17,000 Karachi-based high-profile persons to the relevant Regional Tax Offices for bringing these undo
Published 25 May, 2011 12:00am
Profiles of 17,000 undocumented persons sent to RTOs

Profiles of 17,000 undocumented persons sent to RTOs

The Directorate General of Intelligence and Investigation, Inland Revenue, Federal Board of Revenue (FBR), has dispatched additional information of over 17,000 Karachi-based high-profile persons to the relevant Regional Tax Offices for bringing these undo
Published 25 May, 2011 12:00am
Budget likely on June 3

Budget likely on June 3

The Budget 2011-12 is likely to be presented in the National Assembly on June 3, 2011, it is learnt. According to National Assembly Secretariat, the Budget Session is likely to be held on June 3, 2011. Sources said that Minister for Finance Dr Abdul Hafee
Published 25 May, 2011 12:00am
Budget likely on June 3

Budget likely on June 3

The Budget 2011-12 is likely to be presented in the National Assembly on June 3, 2011, it is learnt. According to National Assembly Secretariat, the Budget Session is likely to be held on June 3, 2011. Sources said that Minister for Finance Dr Abdul Hafee
Published 25 May, 2011 12:00am
Budget likely on June 3

Budget likely on June 3

The Budget 2011-12 is likely to be presented in the National Assembly on June 3, 2011, it is learnt. According to National Assembly Secretariat, the Budget Session is likely to be held on June 3, 2011. Sources said that Minister for Finance Dr Abdul Hafee
Published 25 May, 2011 12:00am
Budget 2011-12: current account deficit to be financed through FDIs

Budget 2011-12: current account deficit to be financed through FDIs

The government has decided to finance current account deficit in the fiscal year 2011-12 through foreign direct investments (FDIs) ie amounts anticipated from Etisalat -around $800 million--expected by the start of next fiscal year, grants and loans estim
Published 25 May, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (May 24, 2011).

Published 25 May, 2011 12:00am
Budget 2011-12: current account deficit to be financed through FDIs

Budget 2011-12: current account deficit to be financed through FDIs

The government has decided to finance current account deficit in the fiscal year 2011-12 through foreign direct investments (FDIs) ie amounts anticipated from Etisalat -around $800 million--expected by the start of next fiscal year, grants and loans estim
Published 25 May, 2011 12:00am
Budget 2011-12: current account deficit to be financed through FDIs

Budget 2011-12: current account deficit to be financed through FDIs

The government has decided to finance current account deficit in the fiscal year 2011-12 through foreign direct investments (FDIs) ie amounts anticipated from Etisalat -around $800 million--expected by the start of next fiscal year, grants and loans estim
Published 25 May, 2011 12:00am
China says unaware of naval base proposal at Gwadar

China says unaware of naval base proposal at Gwadar

China said on Tuesday it had not heard of Pakistan's proposal for Beijing to help it build a naval port. Defence Minister Ahmad Mukhtar said on Saturday that his government wanted China to build it a naval base at the deep water port of Gwadar, in the lat
Published 25 May, 2011 12:00am
China says unaware of naval base proposal at Gwadar

China says unaware of naval base proposal at Gwadar

China said on Tuesday it had not heard of Pakistan's proposal for Beijing to help it build a naval port. Defence Minister Ahmad Mukhtar said on Saturday that his government wanted China to build it a naval base at the deep water port of Gwadar, in the lat
Published 25 May, 2011 12:00am
Prime Minister visits naval airbase: DCC to take up matter today

Prime Minister visits naval airbase: DCC to take up matter today

Prime Minister Syed Yousuf Raza Gilani said on Tuesday that the Defence Committee of the Cabinet (DCC), which will meet on May 25, will also deliberate upon the terrorist attack at the Pakistan Navy Mehran base. Talking to media persons on his arrival her
Published 25 May, 2011 12:00am
Prime Minister visits naval airbase: DCC to take up matter today

Prime Minister visits naval airbase: DCC to take up matter today

Prime Minister Syed Yousuf Raza Gilani said on Tuesday that the Defence Committee of the Cabinet (DCC), which will meet on May 25, will also deliberate upon the terrorist attack at the Pakistan Navy Mehran base. Talking to media persons on his arrival her
Published 25 May, 2011 12:00am
BRIndex30 up 96.6 points

BRIndex30 up 96.6 points

On Tuesday, the BRIndex30 opened at 8,642.72 points, and remained in positive throughout the trading session. It touched the intra-day high of 8,739.32 points and low of 8,642.72 points and closed at 8,739.32 points with a net positive change of 96.6 poin
Published 25 May, 2011 12:00am
BRIndex30 up 96.6 points

BRIndex30 up 96.6 points

On Tuesday, the BRIndex30 opened at 8,642.72 points, and remained in positive throughout the trading session. It touched the intra-day high of 8,739.32 points and low of 8,642.72 points and closed at 8,739.32 points with a net positive change of 96.6 poin
Published 25 May, 2011 12:00am
Index gains 99.94 points

Index gains 99.94 points

Positive trend was observed at Karachi share market on Tuesday and the KSE-100 index gained 99.94 points to close at 12,130.58 points on the back of both foreign and local investors'' support. Trading improved and the volume at ready counter increased to
Published 25 May, 2011 12:00am
Index gains 99.94 points

Index gains 99.94 points

Positive trend was observed at Karachi share market on Tuesday and the KSE-100 index gained 99.94 points to close at 12,130.58 points on the back of both foreign and local investors' support. Trading improved and the volume at ready counter increased to 7
Published 25 May, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (May 24, 2011).

Published 25 May, 2011 12:00am
Index gains 99.94 points

Index gains 99.94 points

Positive trend was observed at Karachi share market on Tuesday and the KSE-100 index gained 99.94 points to close at 12,130.58 points on the back of both foreign and local investors' support. Trading improved and the volume at ready counter increased to 7
Published 25 May, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (May 24, 2011).
Published 25 May, 2011 12:00am
Banks may miss agriculture credit disbursement target

Banks may miss agriculture credit disbursement target

Banks may miss agriculture credit disbursement target of Rs 270 set by the State Bank of Pakistan for the current fiscal year owing to flood and slowdown in agricultural activity, sources told Business Recorder on Tuesday. According to sources, the
Published 25 May, 2011 12:00am
Banks may miss agriculture credit disbursement target

Banks may miss agriculture credit disbursement target

Banks may miss agriculture credit disbursement target of Rs 270 set by the State Bank of Pakistan for the current fiscal year owing to flood and slowdown in agricultural activity, sources told Business Recorder on Tuesday. According to sources, the
Published 25 May, 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 (May 24, 2011).

Published 25 May, 2011 12:00am
Banks may miss agriculture credit disbursement target

Banks may miss agriculture credit disbursement target

Banks may miss agriculture credit disbursement target of Rs 270 set by the State Bank of Pakistan for the current fiscal year owing to flood and slowdown in agricultural activity, sources told Business Recorder on Tuesday. According to sources, the
Published 25 May, 2011 12:00am
Netanyahu again rules out return to 1967 borders

Netanyahu again rules out return to 1967 borders

Israeli Benjamin Netanyahu told the US Congress Tuesday he would uproot settlements in a "generous" peace deal with Palestinians, but ruled out international demands to return to the 1967 borders or share Jerusalem.
Published 25 May, 2011 12:00am
Netanyahu again rules out return to 1967 borders

Netanyahu again rules out return to 1967 borders

Israeli Benjamin Netanyahu told the US Congress Tuesday he would uproot settlements in a "generous" peace deal with Palestinians, but ruled out international demands to return to the 1967 borders or share Jerusalem.
Published 25 May, 2011 12:00am
Banks assets grew to Rs 7.1 trillion in October-December: SBP report

Banks assets grew to Rs 7.1 trillion in October-December: SBP report

The assets of the banking system grew by 7.7 percent to Rs 7.1 trillion during the October-December quarter of 2010. This growth in total assets, while in line with the established seasonal pattern of the fourth quarter, was particularly strong, given the
Published 25 May, 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 (May 24, 2011).

Published 25 May, 2011 12:00am
Banks assets grew to Rs 7.1 trillion in October-December: SBP report

Banks assets grew to Rs 7.1 trillion in October-December: SBP report

The assets of the banking system grew by 7.7 percent to Rs 7.1 trillion during the October-December quarter of 2010. This growth in total assets, while in line with the established seasonal pattern of the fourth quarter, was particularly strong, given the
Published 25 May, 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 (May 24, 2011).

Published 25 May, 2011 12:00am
Banks assets grew to Rs 7.1 trillion in October-December: SBP report

Banks assets grew to Rs 7.1 trillion in October-December: SBP report

The assets of the banking system grew by 7.7 percent to Rs 7.1 trillion during the October-December quarter of 2010. This growth in total assets, while in line with the established seasonal pattern of the fourth quarter, was particularly strong, given the
Published 25 May, 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 (May 24, 2011).

Published 25 May, 2011 12:00am
ADB vows support to mega projects

ADB vows support to mega projects

The Asian Development Bank (ADB) on Tuesday assured of financing major water and power sector projects without giving guarantee on Diamer Basha dam. This was the crux of a meeting which Juan Miranda, Director General, Central West Asia Department Bank, ha
Published 25 May, 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 25 May, 2011 12:00am
ADB vows support to mega projects

ADB vows support to mega projects

The Asian Development Bank (ADB) on Tuesday assured of financing major water and power sector projects without giving guarantee on Diamer Basha dam. This was the crux of a meeting which Juan Miranda, Director General, Central West Asia Department Bank, ha
Published 25 May, 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 25 May, 2011 12:00am
ADB vows support to mega projects

ADB vows support to mega projects

The Asian Development Bank (ADB) on Tuesday assured of financing major water and power sector projects without giving guarantee on Diamer Basha dam. This was the crux of a meeting which Juan Miranda, Director General, Central West Asia Department Bank, ha
Published 25 May, 2011 12:00am
Nato says will protect Afghans, troops from Pakistani militants

Nato says will protect Afghans, troops from Pakistani militants

Nato will protect its troops and Afghans from militants based across the border in Pakistan, the Nato chief said on Tuesday, reiterating pledges by the United States to target insurgents there who have escalated attacks since Osama bin Laden's death.
Published 25 May, 2011 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 25 May, 2011 12:00am
Nato says will protect Afghans, troops from Pakistani militants

Nato says will protect Afghans, troops from Pakistani militants

Nato will protect its troops and Afghans from militants based across the border in Pakistan, the Nato chief said on Tuesday, reiterating pledges by the United States to target insurgents there who have escalated attacks since Osama bin Laden's death.
Published 25 May, 2011 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 25 May, 2011 12:00am
Pakistan nuclear security 'of concern': Nato

Pakistan nuclear security 'of concern': Nato

The head of Nato said Tuesday he was confident Pakistan's nuclear weapons were safe, but admitted it was a matter of concern, the day after the worst assault on a Pakistani military base in two years. Anders Fogh Rasmussen was in Afghanistan on a one-day
Published 25 May, 2011 12:00am
Pakistan nuclear security 'of concern': Nato

Pakistan nuclear security 'of concern': Nato

The head of Nato said Tuesday he was confident Pakistan's nuclear weapons were safe, but admitted it was a matter of concern, the day after the worst assault on a Pakistani military base in two years. Anders Fogh Rasmussen was in Afghanistan on a one-day
Published 25 May, 2011 12:00am
Egyptian soyaoil demand rising: Oil World

Egyptian soyaoil demand rising: Oil World

Egypt is making heavy purchases of soyaoil to replace expensive sunflower oil with Argentina and Brazil winning major new soyaoil sales, Hamburg-based oilseeds analysts Oil World said on Tuesday. Egypt may import about 290,000 tonnes of soyaoil in January
Published 25 May, 2011 12:00am
Oil World cuts Argentine soyabean crop forecast

Oil World cuts Argentine soyabean crop forecast

Hamburg-based oilseeds analyst Oil World on Tuesday cut its forecasts of Argentina's 2011 soyabean crop by 0.3 million tonnes as it said harvest yields were poorer than expected after unfavourable weather. Oil World now forecasts Argentina's 2011 soyabean
Published 25 May, 2011 12:00am
HRW wheat bids mostly steady

HRW wheat bids mostly steady

Hard red winter wheat basis bids were mostly steady on Tuesday amid slow movement and rainy weather conditions, dealers in the US Plains, dealers said. A bid in Salina, Kansas improved by 5 cents, but bids were steady elsewhere. Weather conditions were cl
Published 25 May, 2011 12:00am
Ivorian cocoa arrivals 13 percent up from last season

Ivorian cocoa arrivals 13 percent up from last season

Cocoa arrivals at ports in top grower Ivory Coast were 13 percent higher than last season, data from the official marketing body obtained by Reuters on Tuesday showed, despite massive smuggling to Ghana. Arrivals reached 1,068,918 tonnes by May 15, up fro
Published 25 May, 2011 12:00am
Vietnam coffee prices rise

Vietnam coffee prices rise

Domestic coffee prices in Vietnam have risen and exporters also narrowed their discount offers to London prices, citing falling stocks, traders said on Tuesday. Vietnam may have exported 16.93 million bags of coffee or more between last October and this m
Published 25 May, 2011 12:00am
Hakim Ali Zardari passes away

Hakim Ali Zardari passes away

Hakim Ali Zardari, a seasoned politician and the father of President Asif Ali Zardari passed away on Tuesday after protracted illness. He was 81. Presidential Spokesman Farhatullah Babar confirmed to APP that Hakim Ali Zardari breathed his last at Pakista
Published 25 May, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 101,288 tonnes of cargo including 71,595 tonnes of import cargo, 29,693 tonnes of export cargo and 2,908 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 71,595 tonnes compri
Published 25 May, 2011 12:00am
Hakim Ali Zardari passes away

Hakim Ali Zardari passes away

Hakim Ali Zardari, a seasoned politician and the father of President Asif Ali Zardari passed away on Tuesday after protracted illness. He was 81. Presidential Spokesman Farhatullah Babar confirmed to APP that Hakim Ali Zardari breathed his last at Pakista
Published 25 May, 2011 12:00am
Oil cake market rates

Oil cake market rates

The May vaida was higher on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The May vaida that had closed at Rs 1335.90 commenced with a steep gain of Rs 2.30 paisa at Rs 1338.20 due to strong demand. The July vaida s
Published 25 May, 2011 12:00am
Firm trend prevails on cotton market

Firm trend prevails on cotton market

Prices were firm on the cotton market on Tuesday as buyers specially exporters were a little bit active to cover the forward deals, brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 8,500, they said. In Sindh and Pu
Published 25 May, 2011 12:00am
Bangladeshi tea prices rise

Bangladeshi tea prices rise

The average price of Bangladeshi teas leapt 3 percent to 169.15 taka ($2.24) per kg on rebounding foreign demand at the weekly auction on Tuesday, brokers said. Some 10.60 percent of the 937,307 kg on offer remained unsold and were taken back to storage.
Published 25 May, 2011 12:00am
Minor changes in slow business on grain market

Minor changes in slow business on grain market

Limited business activity was seen on the wholesale grain market on Tuesday as major buyers were on the sidelines in anticipation of fall in prices, dealers said. On the rice sector Irri-6 Sindh low type was unchanged at Rs 3600 and the best quality was d
Published 25 May, 2011 12:00am
China backs Lagarde for IMF: France

China backs Lagarde for IMF: France

China would support Finance Minister Christine Lagarde as the next IMF chief, the French government said on Tuesday, backing which would put her in pole position to succeed Dominique Strauss-Kahn. Lagarde has emerged as the leading candidate to replace St
Published 25 May, 2011 12:00am
Marks & Spencer to revamp stores in tough market

Marks & Spencer to revamp stores in tough market

British retailer Marks & Spencer will test new store formats tailored to local needs as it looks to coax shoppers to spend in a tough trading environment and build on a 13 percent rise in full-year profit. Britain's biggest clothing retailer, which also s
Published 25 May, 2011 12:00am
China challenges WTO ruling on US tyre tariffs

China challenges WTO ruling on US tyre tariffs

China appealed a ruling by the World Trade Organisation on Tuesday, insisting the United States flouted international trade rules when it imposed trade barriers on car tyres imported from China, a WTO spokesman said. A legal panel at the WTO last year rul
Published 25 May, 2011 12:00am
UN safety agency begins probe into Fukushima meltdowns

UN safety agency begins probe into Fukushima meltdowns

Three of six reactors at a Japanese nuclear plant damaged in a March 11 earthquake and tsunami suffered metldowns within days, the plant's operator said on Tuesday, raising questions about why the extent of the disaster was not disclosed sooner. The discl
Published 25 May, 2011 12:00am
Thousands flee violence in Sudan's Abyei: UN

Thousands flee violence in Sudan's Abyei: UN

More than 15,000 people have fled Sudan's Abyei region to the south after the northern army seized the disputed area and parts of the main town were burned and looted, United Nations officials said on Tuesday. A senior southern minister in the Khartoum go
Published 25 May, 2011 12:00am
Germany-based militant nabbed in Afghanistan: Nato

Germany-based militant nabbed in Afghanistan: Nato

Nato said Tuesday that a Moroccan alleged al Qaeda operative based in Germany had been captured in Afghanistan. The man, whose name has not been disclosed, is described as a "foreign fighter facilitator" and Nato said he was caught during a security opera
Published 25 May, 2011 12:00am
Eleven Afghan construction workers killed

Eleven Afghan construction workers killed

Eleven Afghan construction workers died and 30 were wounded after a roadside bomb hit their truck in the southern province of Kandahar. The blast took place in Panjhwayee district as the construction crew were on their way to work, said Sher Shah Yousifza
Published 25 May, 2011 12:00am
Sri Lanka anti-terror seminar faces boycott call

Sri Lanka anti-terror seminar faces boycott call

A leading human rights group urged governments on Tuesday to boycott a conference on fighting insurgents organised by Sri Lanka, which wants to share its experience of defeating separatist militants. Sri Lanka will host the three-day meeting "Defeating Te
Published 25 May, 2011 12:00am
Russian court upholds Khodorkovsky conviction

Russian court upholds Khodorkovsky conviction

A Russian appeals court upheld a multibillion-dollar theft and money laundering conviction against jailed former oil tycoon Mikhail Khodorkovsky on Tuesday and reduced his 14-year prison sentence by one year. The court rejected an appeal by Khodorkovsky,
Published 25 May, 2011 12:00am
Norway plans billion-dollar clean energy for poor

Norway plans billion-dollar clean energy for poor

Norway wants to channel billions of dollars to renewable energies in developing nations, building on a scheme to protect tropical forests to which Oslo has been the biggest donor, officials said. With cash to spare as the world's number six oil exporter,
Published 25 May, 2011 12:00am
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