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Print - 2011-07-08
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Jul, 2011 12:00am
Pakistan denies receiving bribe from North Korea for nuclear technology

Pakistan denies receiving bribe from North Korea for nuclear technology

Former army chief General Jehangir Karamat strongly denied on Thursday a report that he took $3 million in cash in exchange for helping smuggle nuclear technology to North Korea in the late 1990s, while the Foreign Office called the story "preposterous."
Published 08 Jul, 2011 12:00am
Pakistan denies receiving bribe from North Korea for nuclear technology

Pakistan denies receiving bribe from North Korea for nuclear technology

Former army chief General Jehangir Karamat strongly denied on Thursday a report that he took $3 million in cash in exchange for helping smuggle nuclear technology to North Korea in the late 1990s, while the Foreign Office called the story "preposterous."
Published 08 Jul, 2011 12:00am
BRIndex30 down 49.41 points

BRIndex30 down 49.41 points

On Thursday, BRIndex30 opened at 8,812.19. It touched an intraday high of 8,878.61 and an intraday low of 8,762.78 and closed at 8,762.78 which was -49.41 points or -0.56 percent lower than previous close. Total volume was 52,547,499, which was 80.72 perc
Published 08 Jul, 2011 12:00am
BRIndex30 down 49.41 points

BRIndex30 down 49.41 points

On Thursday, BRIndex30 opened at 8,812.19. It touched an intraday high of 8,878.61 and an intraday low of 8,762.78 and closed at 8,762.78 which was -49.41 points or -0.56 percent lower than previous close. Total volume was 52,547,499, which was 80.72 perc
Published 08 Jul, 2011 12:00am
Index loses 92.15 points

Index loses 92.15 points

A bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 92.15 points to close at 12,441.40 points. Trading activities also remained low as the volumes at ready counter declined to 65.095 million shares as compa
Published 08 Jul, 2011 12:00am
Index loses 92.15 points

Index loses 92.15 points

A bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 92.15 points to close at 12,441.40 points. Trading activities also remained low as the volumes at ready counter declined to 65.095 million shares as compa
Published 08 Jul, 2011 12:00am
Index loses 92.15 points

Index loses 92.15 points

A bearish trend continued on the Karachi share market on Thursday and the KSE-100 index lost another 92.15 points to close at 12,441.40 points. Trading activities also remained low as the volumes at ready counter declined to 65.095 million shares as compa
Published 08 Jul, 2011 12:00am
Sector analysis of edible oil industry commences

Sector analysis of edible oil industry commences

The Directorate General of Intelligence and Investigation, Inland Revenue Federal Board of Revenue has started sector analysis of edible oil industry, taking into account import volume of Rs 197 billion raw materials consumed during first 11 months of 201
Published 08 Jul, 2011 12:00am
Sector analysis of edible oil industry commences

Sector analysis of edible oil industry commences

The Directorate General of Intelligence and Investigation, Inland Revenue Federal Board of Revenue has started sector analysis of edible oil industry, taking into account import volume of Rs 197 billion raw materials consumed during first 11 months of 201
Published 08 Jul, 2011 12:00am
Sector analysis of edible oil industry commences

Sector analysis of edible oil industry commences

The Directorate General of Intelligence and Investigation, Inland Revenue Federal Board of Revenue has started sector analysis of edible oil industry, taking into account import volume of Rs 197 billion raw materials consumed during first 11 months of 201
Published 08 Jul, 2011 12:00am
Pakistan''s foreign exchange reserves surge to record high

Pakistan''s foreign exchange reserves surge to record high

Foreign exchange reserves have surged to a record high of $18.25 billion, a central bank official said Thursday. The reserves peaked last week, from the previously reported $17.95 billion in March, the State Bank of Pakistan (SBP) said. The record was due
Published 08 Jul, 2011 12:00am
Pakistan's foreign exchange reserves surge to record high

Pakistan's foreign exchange reserves surge to record high

Foreign exchange reserves have surged to a record high of $18.25 billion, a central bank official said Thursday. The reserves peaked last week, from the previously reported $17.95 billion in March, the State Bank of Pakistan (SBP) said. The record was due
Published 08 Jul, 2011 12:00am
Pakistan's foreign exchange reserves surge to record high

Pakistan's foreign exchange reserves surge to record high

Foreign exchange reserves have surged to a record high of $18.25 billion, a central bank official said Thursday. The reserves peaked last week, from the previously reported $17.95 billion in March, the State Bank of Pakistan (SBP) said. The record was due
Published 08 Jul, 2011 12:00am
IG meets business people

IG meets business people

Inspector General of Police Sindh, Wajid Ali Khan Durrani, has assured business community of providing conducive atmosphere for business and industrial activities. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Thursday, he sa
Published 08 Jul, 2011 12:00am
IG meets business people

IG meets business people

Inspector General of Police Sindh, Wajid Ali Khan Durrani, has assured business community of providing conducive atmosphere for business and industrial activities. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Thursday, he sa
Published 08 Jul, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (July 07, 2011).

Published 08 Jul, 2011 12:00am
Shoot-at-sight orders issued

Shoot-at-sight orders issued

Sindh Chief Minister, Syed Qaim Ali Shah chaired a meeting to review law and order situation in metropolis held at Sindh CM's House here on Thursday. The meeting directed law enforcers to shoot terrorists and miscreants at sight, said a statement. The mee
Published 08 Jul, 2011 12:00am
Shoot-at-sight orders issued

Shoot-at-sight orders issued

Sindh Chief Minister, Syed Qaim Ali Shah chaired a meeting to review law and order situation in metropolis held at Sindh CM's House here on Thursday. The meeting directed law enforcers to shoot terrorists and miscreants at sight, said a statement. The mee
Published 08 Jul, 2011 12:00am
FC to be deployed in Karachi: Malik

FC to be deployed in Karachi: Malik

Federal Interior Minister, Rehman Malik said that Frontier Constabulary (FC), personnel would also be deployed in Karachi to maintain law and order situation. Talking to media at Jinnah International Airport, he said those FC personnel, who are available
Published 08 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 07, 2011).

Published 08 Jul, 2011 12:00am
FC to be deployed in Karachi: Malik

FC to be deployed in Karachi: Malik

Federal Interior Minister, Rehman Malik said that Frontier Constabulary (FC), personnel would also be deployed in Karachi to maintain law and order situation. Talking to media at Jinnah International Airport, he said those FC personnel, who are available
Published 08 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 07, 2011).
Published 08 Jul, 2011 12:00am
MQM to stage protest march today

MQM to stage protest march today

Muttahida Qaumi Movement (MQM) decided to observe Friday (today) as a 'mourning day' to protest against the on-going violence in Karachi. The party has also announced that its lawmakers will stage a protest march from Karachi Press Club to Chief Minister'
Published 08 Jul, 2011 12:00am
MQM to stage protest march today

MQM to stage protest march today

Muttahida Qaumi Movement (MQM) decided to observe Friday (today) as a 'mourning day' to protest against the on-going violence in Karachi. The party has also announced that its lawmakers will stage a protest march from Karachi Press Club to Chief Minister'
Published 08 Jul, 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 Thursday (July 07, 2011).

Published 08 Jul, 2011 12:00am
Army action no solution: Chandio

Army action no solution: Chandio

Federal Law Minister Mola Bux Chandio on Thursday said an army operation could not restore peace in Karachi rather it would indicate the collective failure of political parties. "Political leadership will have to deal with this issue and resolve it in the
Published 08 Jul, 2011 12:00am
Army action no solution: Chandio

Army action no solution: Chandio

Federal Law Minister Mola Bux Chandio on Thursday said an army operation could not restore peace in Karachi rather it would indicate the collective failure of political parties. "Political leadership will have to deal with this issue and resolve it in the
Published 08 Jul, 2011 12:00am
Karachi: the city that bleeds

Karachi: the city that bleeds

Thirty-three more people, including political activists and a minor girl, were killed in various parts of the metropolis on Thursday, taking the death toll to over 60 in the last three days' violence. The wave of violence gripped the financial hub of the
Published 08 Jul, 2011 12:00am
Karachi: the city that bleeds

Karachi: the city that bleeds

Thirty-three more people, including political activists and a minor girl, were killed in various parts of the metropolis on Thursday, taking the death toll to over 60 in the last three days' violence. The wave of violence gripped the financial hub of the
Published 08 Jul, 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 Thursday (July 07, 2011).

Published 08 Jul, 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 Thursday (July 07, 2011).

Published 08 Jul, 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 Thursday (July 07, 2011).

Published 08 Jul, 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 08 Jul, 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 08 Jul, 2011 12:00am
Asean, Japan ministers to hold talks first time

Asean, Japan ministers to hold talks first time

Ministers from Asean and Japan will join business leaders for the first time from Friday for talks on lifting trade barriers and securing closer economic ties, a Malaysian official said Thursday. Industry leaders from Asean and the Japanese Chambers of Co
Published 08 Jul, 2011 12:00am
Bank of England keeps record low rates

Bank of England keeps record low rates

The Bank of England held interest rates on Thursday at a record low 0.50 percent for the 28th month in a row, as policymakers sought to help the flagging recovery and set aside inflation woes. The decision came shortly before the European Central Bank lif
Published 08 Jul, 2011 12:00am
Bank of England keeps record low rates

Bank of England keeps record low rates

The Bank of England held interest rates on Thursday at a record low 0.50 percent for the 28th month in a row, as policymakers sought to help the flagging recovery and set aside inflation woes. The decision came shortly before the European Central Bank lif
Published 08 Jul, 2011 12:00am
Bank of England keeps record low rates

Bank of England keeps record low rates

The Bank of England held interest rates on Thursday at a record low 0.50 percent for the 28th month in a row, as policymakers sought to help the flagging recovery and set aside inflation woes. The decision came shortly before the European Central Bank lif
Published 08 Jul, 2011 12:00am
Gazprom creates state-controlled utility champion

Gazprom creates state-controlled utility champion

Russia's Gazprom will merge its power division with assets belonging to the oligarch Viktor Vekselberg to create a state-controlled national utility, part reversing a recent privatisation of the industry. The deal, signed by Gazprom and Vekselberg's Renov
Published 08 Jul, 2011 12:00am
UK's manufacturing rebounds

UK's manufacturing rebounds

British manufacturing output rose at its fastest pace in over a year in May as factories ramped up output after a Royal Wedding-related drop in April, official data showed on Thursday. Industrial output, however, failed to fully recoup April's losses and
Published 08 Jul, 2011 12:00am
ECB raises rate

ECB raises rate

The European Central Bank raised interest rates for the second time in three months on Thursday and signalled a further hike is likely this year to tackle inflation despite the intensifying eurozone debt crisis. The ECB raised its benchmark lending rate t
Published 08 Jul, 2011 12:00am
ECB raises rate

ECB raises rate

The European Central Bank raised interest rates for the second time in three months on Thursday and signalled a further hike is likely this year to tackle inflation despite the intensifying eurozone debt crisis. The ECB raised its benchmark lending rate t
Published 08 Jul, 2011 12:00am
ECB raises rate

ECB raises rate

The European Central Bank raised interest rates for the second time in three months on Thursday and signalled a further hike is likely this year to tackle inflation despite the intensifying eurozone debt crisis. The ECB raised its benchmark lending rate t
Published 08 Jul, 2011 12:00am
Obama calls new debt talks for Sunday

Obama calls new debt talks for Sunday

Democrats and Republicans still have a long way to go to reach a deal to raise the US debt limit, President Barack Obama said Thursday, calling another round of crisis White House talks. "I will reconvene congressional leaders here on Sunday with the expe
Published 08 Jul, 2011 12:00am
Fed reveals Goldman borrowing deals during crisis

Fed reveals Goldman borrowing deals during crisis

Want to borrow $15 billion for a month at the rock-bottom interest rate of 1.16 percent? You can - but only if you're Goldman Sachs and your generous sugar daddy is the US government. The US Federal Reserve released data Wednesday on the emergency borrowi
Published 08 Jul, 2011 12:00am
India to sell 800 radio licences for $400 million

India to sell 800 radio licences for $400 million

India's government announced plans on Thursday to auction more than 800 FM radio licences, enabling listeners in many cities to tune into private radio stations for the first time. The auction of 839 licences marks an ambitious expansion of the sector and
Published 08 Jul, 2011 12:00am
ADB launches $500 million aid plan for Cambodia

ADB launches $500 million aid plan for Cambodia

The Asian Development Bank (ADB) said Thursday it will invest around $500 million in Cambodia over the next three years to reduce poverty, mainly through infrastructure and agriculture projects. The soft loan forms part of a new "country partnership strat
Published 08 Jul, 2011 12:00am
JP Morgan to pay $228 million for muni bond bid-rigging

JP Morgan to pay $228 million for muni bond bid-rigging

US bank J.P Morgan Chase was slapped with fines and repayment penalties of $228 million for a bid-rigging scheme that short-changed issuers of municipal bonds, US authorities announced Thursday. In a case that has also seen Swiss bank UBS and Bank of Amer
Published 08 Jul, 2011 12:00am
JP Morgan to pay $228 million for muni bond bid-rigging

JP Morgan to pay $228 million for muni bond bid-rigging

US bank J.P Morgan Chase was slapped with fines and repayment penalties of $228 million for a bid-rigging scheme that short-changed issuers of municipal bonds, US authorities announced Thursday. In a case that has also seen Swiss bank UBS and Bank of Amer
Published 08 Jul, 2011 12:00am
US private hiring picks up, jobless claims fall

US private hiring picks up, jobless claims fall

US private employers stepped up hiring in June and the number of Americans filing for jobless benefits fell last week, strengthening views the economy is positioned for a pick-up in the second half. Payrolls processor ADP said on Thursday private sector e
Published 08 Jul, 2011 12:00am
Bankers fail to strike deal on role in Greek package

Bankers fail to strike deal on role in Greek package

International bankers and European Union officials made no progress on Thursday in securing a private sector contribution for a second bailout of Greece and bond yields climbed on concern about the scheme. The managing director of the Institute of Interna
Published 08 Jul, 2011 12:00am
EU cleared 18.5 million tonnes of soft wheat for exports

EU cleared 18.5 million tonnes of soft wheat for exports

The European Union granted export licences for 18.5 million tonnes of soft wheat in the 2010/2011 season that ended on June 30, up from 18.0 million cleared in 2009/2010, official data showed on Thursday. The final total for 2010/2011 season included June
Published 08 Jul, 2011 12:00am
Syria tenders to buy soft wheat

Syria tenders to buy soft wheat

Syria's state purchasing agency has issued an international tender to buy and import 100,000 tonnes of soft milling wheat, European traders said on Thursday. Bidding deadline was July 25. It is the largest wheat import tender reported from Syria since at
Published 08 Jul, 2011 12:00am
Rice, Khandsari prices up on grain market

Rice, Khandsari prices up on grain market

Rice and Khandsari prices were higher on the wholesale grain market on Thursday in process of low trading, dealers said. On the cereal side, wheat old and new Bardan were lower by Rs 15 to Rs 2625-2640 owing to easy supply position, Khandsari, however, ga
Published 08 Jul, 2011 12:00am
Vietnam sells 150,000 tonnes of rice to East Timor, Sierra Leone

Vietnam sells 150,000 tonnes of rice to East Timor, Sierra Leone

Vietnam has contracted to sell 150,000 tonnes of rice to East Timor and Sierra Leone, with loading to start this month, a state-run newspaper reported on Thursday, without giving any pricing details. This comes on the heels of the Vietnam Food Association
Published 08 Jul, 2011 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday, buoyed by a slow-down in farmer selling and firm rapeseed and soya values, traders said. Total volume was thin at less than 6,400 contracts, while open interest of 148,207 on Tuesday hovered around 10-month l
Published 08 Jul, 2011 12:00am
Activity at Karachi ports

Activity at Karachi ports

The Karachi Port handled 82,949 tonnes of cargo including 61,919 tonnes of import cargo, 21,030 tonnes of export cargo and 3,621 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 61,919 tonnes compri
Published 08 Jul, 2011 12:00am
Oil cake market rates

Oil cake market rates

Upward trend was witnessed on the forward cottonseed oilcake market on Thursday while the December vaida was also inert in process of trading, dealers said. The July contract that had closed at 1426.50 opened with 30 paisa gain at Rs 1426.80. The December
Published 08 Jul, 2011 12:00am
No respite in price fall; activity improves on cotton market

No respite in price fall; activity improves on cotton market

Activity picked up on the cotton market on Thursday as the ginners did not show any resistance in selling despite the fall in the rates daily on steady supply position, dealers said. The Karachi Cotton Association (KCA) official spot was lowered further b
Published 08 Jul, 2011 12:00am
Prices crash on cotton market

Prices crash on cotton market

Prices plunged on the domestic cotton market this week as global fiber values weekend, few appeared willing to buy yarns, world-wide economic condition worsened and more supply and surpluses of cotton entered the market.
Published 08 Jul, 2011 12:00am
Prices crash on cotton market

Prices crash on cotton market

Prices plunged on the domestic cotton market this week as global fiber values weekend, few appeared willing to buy yarns, world-wide economic condition worsened and more supply and surpluses of cotton entered the market.
Published 08 Jul, 2011 12:00am
Thailand's Yingluck says no change to baht policy

Thailand's Yingluck says no change to baht policy

Thailand's policy of allowing the baht to float freely will be maintained under its new government, Prime Minister elect Yingluck Shinawatra said on Thursday. The Bank of Thailand broadly lets market forces determine the level of the baht, intervening onl
Published 08 Jul, 2011 12:00am