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Mar 19, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-08-12
Power used by commercial units: FBR mulling over sales tax waiver

Power used by commercial units: FBR mulling over sales tax waiver

The Federal Board of Revenue is examining a proposal to withdraw sales tax on electricity consumed by commercial and industrial units to check excessive payments of sales tax refunds to such consumers. Sources told Business Recorder here on Thursda
Published 12 Aug, 2011 12:00am
US slowdown hits projects in Pakistan

US slowdown hits projects in Pakistan

The financial constraints in the United States have also affected its international assistance projects and many countries, including Pakistan, have to face cutbacks in civil financial assistance. The USAID projects this year received half a billion less
Published 12 Aug, 2011 12:00am
US slowdown hits projects in Pakistan

US slowdown hits projects in Pakistan

The financial constraints in the United States have also affected its international assistance projects and many countries, including Pakistan, have to face cutbacks in civil financial assistance. The USAID projects this year received half a billion less
Published 12 Aug, 2011 12:00am
US slowdown hits projects in Pakistan

US slowdown hits projects in Pakistan

The financial constraints in the United States have also affected its international assistance projects and many countries, including Pakistan, have to face cutbacks in civil financial assistance. The USAID projects this year received half a billion less
Published 12 Aug, 2011 12:00am
KSE index loses 46.34 points

KSE index loses 46.34 points

The Karachi share market on Thursday opened in deep red and the KSE-100 index hit 11,107.30 points intra-day low level, down 203.99 points. However, late buying in select scrips both by local and foreign investors supported the index to minimise its intra
Published 12 Aug, 2011 12:00am
KSE index loses 46.34 points

KSE index loses 46.34 points

The Karachi share market on Thursday opened in deep red and the KSE-100 index hit 11,107.30 points intra-day low level, down 203.99 points. However, late buying in select scrips both by local and foreign investors supported the index to minimise its intra
Published 12 Aug, 2011 12:00am
KSE index loses 46.34 points

KSE index loses 46.34 points

The Karachi share market on Thursday opened in deep red and the KSE-100 index hit 11,107.30 points intra-day low level, down 203.99 points. However, late buying in select scrips both by local and foreign investors supported the index to minimise its intra
Published 12 Aug, 2011 12:00am
BRIndex30 up 61.53 points

BRIndex30 up 61.53 points

On Thursday, BRIndex30 opened at 8,048.27 points. It touched an intraday high of 8,121.06 points and an intraday low of 7,888.18 points and closed at 8,109.80 points, which was 61.53 points or 0.76 percent higher than previous close. Total volume was 39,5
Published 12 Aug, 2011 12:00am
BRIndex30 up 61.53 points

BRIndex30 up 61.53 points

On Thursday, BRIndex30 opened at 8,048.27 points. It touched an intraday high of 8,121.06 points and an intraday low of 7,888.18 points and closed at 8,109.80 points, which was 61.53 points or 0.76 percent higher than previous close. Total volume was 39,5
Published 12 Aug, 2011 12:00am
Pakistan's first communications satellite launched

Pakistan's first communications satellite launched

Pakistan's first Communications Satellite PAKSAT-1R, as a part of Pakistan's Space Programme-2040, was launched on Thursday at 2117 hrs on board China's Satellite Launch Vehicle from the Xichang Satellite Launch Centre.
Published 12 Aug, 2011 12:00am
Pakistan's first communications satellite launched

Pakistan's first communications satellite launched

Pakistan's first Communications Satellite PAKSAT-1R, as a part of Pakistan's Space Programme-2040, was launched on Thursday at 2117 hrs on board China's Satellite Launch Vehicle from the Xichang Satellite Launch Centre.
Published 12 Aug, 2011 12:00am
Pakistan''s first communications satellite launched

Pakistan''s first communications satellite launched

Pakistan''s first Communications Satellite PAKSAT-1R, as a part of Pakistan''s Space Programme-2040, was launched on Thursday at 2117 hrs on board China''s Satellite Launch Vehicle from the Xichang Satellite Launch Centre.
Published 12 Aug, 2011 12:00am
Import of used trucks: 'no monitoring mechanism in place'

Import of used trucks: 'no monitoring mechanism in place'

A noticeable number of used trucks and commercial vehicles are entering the local markets under various schemes like those of gift and transfer of baggage due to the relaxation in the import policy, an official of PAMA said. The statistical data shows tha
Published 12 Aug, 2011 12:00am
Five US troops killed in Afghanistan

Five US troops killed in Afghanistan

Five American soldiers were killed by a bomb in Afghanistan Thursday, as the Taliban rejected claims that the fighters who shot down a US helicopter last week had perished in a Nato air strike. The Nato-led International Security Assistance Force (ISAF) s
Published 12 Aug, 2011 12:00am
Anwer appointed PSO to Prime Minister

Anwer appointed PSO to Prime Minister

Anwer Malik has been appointed as Personal Staff Officer (PSO) to Prime Minister Syed Yusuf Raza Gilani, sources at the PM House said here on Thursday. Anwer Malik was earlier working as Joint Secretary in the Prime Minister Secretariat, the sources added
Published 12 Aug, 2011 12:00am
Rocket fired from Gaza hits Israel

Rocket fired from Gaza hits Israel

A rocket fired from the Gaza Strip hit southern Israel late on Thursday, without causing any damage or casualties, an Israeli military spokeswoman said. "The rocket struck an open area of the Negev" desert said the spokeswoman. Meanwhile, a member of Hama
Published 12 Aug, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Thursday moved both ways on the Lahore Stock Exchange (LSE) and finally closed in negative zone amid marginally increased trading turnover on account of selling pressure in selected shares. The LSE-25 index was marginally improved by 4.76 poin
Published 12 Aug, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Aug, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Thursday moved both ways on the Lahore Stock Exchange (LSE) and finally closed in negative zone amid marginally increased trading turnover on account of selling pressure in selected shares. The LSE-25 index was marginally improved by 4.76 poin
Published 12 Aug, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

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 40.42 points, as the Index moved from 2,460.30 to 2419.88 points.
Published 12 Aug, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 12 Aug, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

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 40.42 points, as the Index moved from 2,460.30 to 2419.88 points.
Published 12 Aug, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Aug, 2011 12:00am
AJK government denies Mangla Dam breach

AJK government denies Mangla Dam breach

The District Administration on Thursday categorically denied some electronic media reports about the development of a breach in Mangla Dam at Chitterpari after Wednesday's torrential rains.
Published 12 Aug, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 12 Aug, 2011 12:00am
Bill on LG system in Sindh: nationalists to be consulted

Bill on LG system in Sindh: nationalists to be consulted

A meeting of federal ministers hailing from Sindh was held at the Presidency on Thursday and discussed in detail the current political situation in Sindh. It was decided that all political parties including, nationalists parties, will be consulted before
Published 12 Aug, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Aug, 2011 12:00am
Bill on LG system in Sindh: nationalists to be consulted

Bill on LG system in Sindh: nationalists to be consulted

A meeting of federal ministers hailing from Sindh was held at the Presidency on Thursday and discussed in detail the current political situation in Sindh. It was decided that all political parties including, nationalists parties, will be consulted before
Published 12 Aug, 2011 12:00am
PML-Q MPA's degree: registration of FIR ordered

PML-Q MPA's degree: registration of FIR ordered

Election Commission of Pakistan on Thursday declared the degree of PML (Q) MPA Syeda Majida Zaidi as fake and ordered the relevant district police officer (DPO) to lodge first information report (FIR) against her. ECP heard a total of five cases of fake d
Published 12 Aug, 2011 12:00am
PML-Q MPA's degree: registration of FIR ordered

PML-Q MPA's degree: registration of FIR ordered

Election Commission of Pakistan on Thursday declared the degree of PML (Q) MPA Syeda Majida Zaidi as fake and ordered the relevant district police officer (DPO) to lodge first information report (FIR) against her. ECP heard a total of five cases of fake d
Published 12 Aug, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (August 11, 2011).

Published 12 Aug, 2011 12:00am
Exports declined by 9.2 percent in July

Exports declined by 9.2 percent in July

Pakistan's exports declined by 9.2 percent in July 2011 over the previous month dipping to $2.2 billion compared to $2.4 billion for the month of June. Provisional trade figures released by the Federal Bureau of Statistics (FBS), showed that exports have
Published 12 Aug, 2011 12:00am
Exports declined by 9.2 percent in July

Exports declined by 9.2 percent in July

Pakistan's exports declined by 9.2 percent in July 2011 over the previous month dipping to $2.2 billion compared to $2.4 billion for the month of June. Provisional trade figures released by the Federal Bureau of Statistics (FBS), showed that exports have
Published 12 Aug, 2011 12:00am
Exports declined by 9.2 percent in July

Exports declined by 9.2 percent in July

Pakistan''s exports declined by 9.2 percent in July 2011 over the previous month dipping to $2.2 billion compared to $2.4 billion for the month of June. Provisional trade figures released by the Federal Bureau of Statistics (FBS), showed that exports have
Published 12 Aug, 2011 12:00am
THE RUPEE: dollar recovers

THE RUPEE: dollar recovers

The rupee fell against dollar on the currency market on Thursday in process of trading, dealers said. The rupee surrendered overnight firmness in terms of dollar, losing five paisa for buying and selling at 86.35 and 86.40, they said.
Published 12 Aug, 2011 12:00am
Asia to pause inflation fighting policy: ADB

Asia to pause inflation fighting policy: ADB

Asian central bankers will likely pause measures to contain high inflation until global market turmoil subsidies, the chief economist at the Asian Development Bank said. A plunge in equity and commodities prices during the last week and growing concern th
Published 12 Aug, 2011 12:00am
THE RUPEE: dollar recovers

THE RUPEE: dollar recovers

The rupee fell against dollar on the currency market on Thursday in process of trading, dealers said. The rupee surrendered overnight firmness in terms of dollar, losing five paisa for buying and selling at 86.35 and 86.40, they said.
Published 12 Aug, 2011 12:00am
Asia to pause inflation fighting policy: ADB

Asia to pause inflation fighting policy: ADB

Asian central bankers will likely pause measures to contain high inflation until global market turmoil subsidies, the chief economist at the Asian Development Bank said. A plunge in equity and commodities prices during the last week and growing concern th
Published 12 Aug, 2011 12:00am
Asia to pause inflation fighting policy: ADB

Asia to pause inflation fighting policy: ADB

Asian central bankers will likely pause measures to contain high inflation until global market turmoil subsidies, the chief economist at the Asian Development Bank said. A plunge in equity and commodities prices during the last week and growing concern th
Published 12 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 11, 2011).

Published 12 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 11, 2011).

Published 12 Aug, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (August 11, 2011).

Published 12 Aug, 2011 12:00am
US drone war kills up to 168 children: report

US drone war kills up to 168 children: report

America's covert drone war on al Qaeda and the Taliban has killed up to 168 children in Pakistan over the last seven years, according to an independent study released Thursday. The London-based Bureau of Investigative Journalism said its research showed t
Published 12 Aug, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (August 11, 2011) and for Friday (August 12, 2011).
Published 12 Aug, 2011 12:00am
US drone war kills up to 168 children: report

US drone war kills up to 168 children: report

America's covert drone war on al Qaeda and the Taliban has killed up to 168 children in Pakistan over the last seven years, according to an independent study released Thursday. The London-based Bureau of Investigative Journalism said its research showed t
Published 12 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 11, 2011).

Published 12 Aug, 2011 12:00am
Prime Minister calls for unity

Prime Minister calls for unity

Prime Minister Syed Yousuf Raza Gilani has called upon all the political forces to get united for pulling the country out of the prevailing crises. The prime minister expressed these views while addressing the National Assembly during the celebration of I
Published 12 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 12 Aug, 2011 12:00am
Prime Minister calls for unity

Prime Minister calls for unity

Prime Minister Syed Yousuf Raza Gilani has called upon all the political forces to get united for pulling the country out of the prevailing crises. The prime minister expressed these views while addressing the National Assembly during the celebration of I
Published 12 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 12 Aug, 2011 12:00am
Why years of foreign aid did not stop Africa's latest famine

Why years of foreign aid did not stop Africa's latest famine

Despite countless millions of dollars in foreign aid spent over the last decades, the Horn of Africa's ever-growing population is again experiencing a massive food shortage. Ethiopia, for example, despite its history of drought, famine, disease and war, h
Published 12 Aug, 2011 12:00am
'0.1 million laptops to be distributed among high achievers'

'0.1 million laptops to be distributed among high achievers'

Punjab Chief Minister Muhammad Shahbaz Sharif has said that 0.1m laptops will be distributed among the high achievers and like IT labs, this revolutionary project of the Punjab government will also be completed in a transparent manner.
Published 12 Aug, 2011 12:00am
Two girls killed as roof collapses

Two girls killed as roof collapses

Two girls were killed when the roof of their house collapsed due to heavy rains that continued in some parts of the country including Badin on Thursday afternoon, television channels reported. According to TV reports, two girls lost their lives when the r
Published 12 Aug, 2011 12:00am
Jamaat-e-Islami to launch drive against Fata Regulation

Jamaat-e-Islami to launch drive against Fata Regulation

Jamaat-e-Islami (JI) Fata Thursday announced that it will launch a masses' awareness drive against Pata and Fata Action in Aid Power Regulation 2011 and would move apex court in this regard. The announcement was made during a press conference here at Pesh
Published 12 Aug, 2011 12:00am
Amman Lashkar's Chief escapes life attempt again

Amman Lashkar's Chief escapes life attempt again

Chief of Amman Laskhar Dilwar Khan on Thursday escaped second life attempts when some unknown miscreant raided on his house situated at Adizai, Mattani, the outskirts of provincial capital, police said. According to police, unknown miscreant in the mid ni
Published 12 Aug, 2011 12:00am
UN Women, Nadra sign MoU

UN Women, Nadra sign MoU

United Nations Entity of Gender Equality and the Empowerment of Women 'UN WOMEN' has assured the National Database and Registration Authority (Nadra) its full support and technical advice about gender equality and empowerment of women; exploring new oppor
Published 12 Aug, 2011 12:00am
27 identical petitions: Supreme Court grants leave to appeal

27 identical petitions: Supreme Court grants leave to appeal

The Supreme Court (SC) on Thursday granted leave to appeal in 27 identical petitions filed by employees of National Bank Pakistan (NBP) against a judgement given by the Federal Services Tribunal (FST) relating to regularisation of service. The court also
Published 12 Aug, 2011 12:00am
16 paint companies issued show cause notices

16 paint companies issued show cause notices

The Competition Commission of Pakistan (CCP) has issued show cause notices to sixteen paint companies for deceptive marketing practices by misleading end consumers about the price of the paint packs, which is prima facie violation of Section 10 of the Com
Published 12 Aug, 2011 12:00am
US denounces Peshawar explosions

US denounces Peshawar explosions

The United States Embassy condemns Thursday's improvised explosive device (IED) attack and a separate suicide bomb attack in Peshawar. The attacks killed and injured many people, including four police officers. It said: Our thoughts and sympathies are wit
Published 12 Aug, 2011 12:00am
Qubee announces exciting Ramazan offer

Qubee announces exciting Ramazan offer

Qubee has offered handsome promotional packages to existing and new customers alike exclusively in the Holy month of Ramazan to facilitate all internet users with best quality service through incentive promotions.
Published 12 Aug, 2011 12:00am
Two die after inhaling toxic gas in well

Two die after inhaling toxic gas in well

Two persons died in Shairnab area of Mastung after inhaling the toxic gas accumulated in the well, Levies Force said on Thursday. According to Levies Force, two persons climbed down to clean the well, adding they died after the poisonous gas accumulated i
Published 12 Aug, 2011 12:00am
The US downgrade

The US downgrade

It is for the first time in the history of financial markets that a global rating agency has dropped the US credit rating down a notch, from AAA to AA+, amid some grave concerns that such a development would have far-reaching consequences for the economie
Published 12 Aug, 2011 12:00am
High cost and poor service

High cost and poor service

Pakistan Industrial and Traders Associations Front (PIAF) has strongly reacted to Rs 1.04 per unit increase in power tariff, saying this would put an extra burden on the crisis-ridden industrial sector. A joint statement issued by the association office-b
Published 12 Aug, 2011 12:00am
FBR: A divided house

FBR: A divided house

We are now sick and tired of writing about the shenanigans of the Federal Board of Revenue (FBR), the apex authority, responsible for the administration of federal taxes in Pakistan. Our writings may give an impression to the FBR's top brass that criticis
Published 12 Aug, 2011 12:00am
Pak-Saudi relations

Pak-Saudi relations

Prime Minister Syed Yousuf Raza has just concluded a two-day official visit to Saudi Arabia. Coming on the heels of President Zardari's sojourn to the Kingdom in the third week of July, it has a great significance from the perspective of bilateral relatio
Published 12 Aug, 2011 12:00am
Foreign Office condoles death of Pakistanis in UK

Foreign Office condoles death of Pakistanis in UK

Expressing deep condolences over the tragic deaths of three British nationals of Pakistani origin in Birmingham in the ongoing riots, the Foreign Office on Thursday said that it was the responsibility of the British government to ensure their security.
Published 12 Aug, 2011 12:00am
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