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Print - 2011-11-22
Prime Minister for resumption of Lowari Tunnel Project

Prime Minister for resumption of Lowari Tunnel Project

Prime Minister Syed Yousuf Raza Gilani has directed chairman NHA to immediately resume work on Lowari Tunnel Project. He directed ministry for finance and planning division to release funds worth rupees two billion to NHA for this purpose, Rs one billion
Published 22 Nov, 2011 12:00am
Prime Minister for resumption of Lowari Tunnel Project

Prime Minister for resumption of Lowari Tunnel Project

Prime Minister Syed Yousuf Raza Gilani has directed chairman NHA to immediately resume work on Lowari Tunnel Project. He directed ministry for finance and planning division to release funds worth rupees two billion to NHA for this purpose, Rs one billion
Published 22 Nov, 2011 12:00am
Prime Minister for resumption of Lowari Tunnel Project

Prime Minister for resumption of Lowari Tunnel Project

Prime Minister Syed Yousuf Raza Gilani has directed chairman NHA to immediately resume work on Lowari Tunnel Project. He directed ministry for finance and planning division to release funds worth rupees two billion to NHA for this purpose, Rs one billion
Published 22 Nov, 2011 12:00am
Special session on ''Exploiting Shale Gas in Pakistan'' held

Special session on ''Exploiting Shale Gas in Pakistan'' held

Pakistan Petroleum Limited (PPL) hosted a special session on ''Exploiting Shale Gas in Pakistan'' ahead of the SPE-PAPG Annual Technical Conference 2011 Monday at a local hotel. The session, a first of its kind in the country, drew high-level participatio
Published 22 Nov, 2011 12:00am
Special session on 'Exploiting Shale Gas in Pakistan' held

Special session on 'Exploiting Shale Gas in Pakistan' held

Pakistan Petroleum Limited (PPL) hosted a special session on 'Exploiting Shale Gas in Pakistan' ahead of the SPE-PAPG Annual Technical Conference 2011 Monday at a local hotel. The session, a first of its kind in the country, drew high-level participation
Published 22 Nov, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Nov, 2011 12:00am
Special session on 'Exploiting Shale Gas in Pakistan' held

Special session on 'Exploiting Shale Gas in Pakistan' held

Pakistan Petroleum Limited (PPL) hosted a special session on 'Exploiting Shale Gas in Pakistan' ahead of the SPE-PAPG Annual Technical Conference 2011 Monday at a local hotel. The session, a first of its kind in the country, drew high-level participation
Published 22 Nov, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Nov, 2011 12:00am
'Taliban, Pakistan in peace talks'

'Taliban, Pakistan in peace talks'

Pakistan's Taliban movement, a major security threat to the country, is holding exploratory peace talks with the US-backed government, a senior Taliban commander and mediators told Reuters on Monday. The discussions are focused on the South Waziristan reg
Published 22 Nov, 2011 12:00am
'Taliban, Pakistan in peace talks'

'Taliban, Pakistan in peace talks'

Pakistan's Taliban movement, a major security threat to the country, is holding exploratory peace talks with the US-backed government, a senior Taliban commander and mediators told Reuters on Monday. The discussions are focused on the South Waziristan reg
Published 22 Nov, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Nov, 2011 12:00am
US stocks tumble

US stocks tumble

US stocks tumbled on Monday, with the Dow turning negative for the year, as concerns about heavy debt loads both in the United States and Europe heightened worry about recession and increased volatility. Risky assets like commodities also fell, sparking a
Published 22 Nov, 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 3.00 points as the ISE Ten Index moved from 2,711.64 to 2,708.64 p
Published 22 Nov, 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 3.00 points as the ISE Ten Index moved from 2,711.64 to 2,708.64 p
Published 22 Nov, 2011 12:00am
LSE index loses 1.92 points

LSE index loses 1.92 points

Mixed sentiment was noticed on Lahore Stock Exchange on Monday and the equities remained under selling pressure on account of profit taking in select shares. The LSE-25 index marginally declined by 1.92 points and closed at 3116.81 points against 3118.73
Published 22 Nov, 2011 12:00am
LSE index loses 1.92 points

LSE index loses 1.92 points

Mixed sentiment was noticed on Lahore Stock Exchange on Monday and the equities remained under selling pressure on account of profit taking in select shares. The LSE-25 index marginally declined by 1.92 points and closed at 3116.81 points against 3118.73
Published 22 Nov, 2011 12:00am
AT&T targeted by hackers, no accounts breached

AT&T targeted by hackers, no accounts breached

US telecom giant AT&T said Monday it was advising customers of an apparent hacking attempt but that no accounts were breached. "We recently detected what could have been an organised attempt to obtain information on a number of customer accounts," an AT&T
Published 22 Nov, 2011 12:00am
Former Madoff trader pleads guilty in plea deal in NYC

Former Madoff trader pleads guilty in plea deal in NYC

A former trader in jailed financier Bernard Madoff's multibillion-dollar Ponzi scheme has pleaded guilty to fraud charges, admitting that he faked financial statements since the early 1970s. Sixty-six-year-old David Kugel (COO'-goal) pleaded guilty in fed
Published 22 Nov, 2011 12:00am
Hezbollah unravels CIA spy network in Lebanon

Hezbollah unravels CIA spy network in Lebanon

Hezbollah has partially unravelled the CIA's spy network in Lebanon, severely damaging the intelligence agency's ability to gather vital information on the terrorist organisation at a tense time in the region, former and current US officials said.
Published 22 Nov, 2011 12:00am
Shazia gets additional charge of Information Minister

Shazia gets additional charge of Information Minister

Sindh Minister for Electric Power, Ms Shazia Marri has been given additional charge of Sindh Ministry of Information. According to a spokesman of the Sindh Chief Minister House on Monday, Ms Shazia Marri has been given additional charge as Sindh Informati
Published 22 Nov, 2011 12:00am
BRIndex30 up 49.99 points

BRIndex30 up 49.99 points

On Monday, the BRIndex30 opened at 9,077.30 points and remained in positive throughout the trading session. It touched the intra-day high of 9,211.15 points and low of 9,112.13 points, and closed at 9,127.29 points with a net positive change of 49.99 poin
Published 22 Nov, 2011 12:00am
BRIndex30 up 49.99 points

BRIndex30 up 49.99 points

On Monday, the BRIndex30 opened at 9,077.30 points and remained in positive throughout the trading session. It touched the intra-day high of 9,211.15 points and low of 9,112.13 points, and closed at 9,127.29 points with a net positive change of 49.99 poin
Published 22 Nov, 2011 12:00am
Index down 43.02 points

Index down 43.02 points

The KSE-100 index on Monday lost 43.02 points to close at 11,894.79 points due to selling mainly by local investors after mid-session. The market opened on a positive note and the index hit 12,002.76 points intra-day high. However, the investors opted for
Published 22 Nov, 2011 12:00am
Index down 43.02 points

Index down 43.02 points

The KSE-100 index on Monday lost 43.02 points to close at 11,894.79 points due to selling mainly by local investors after mid-session. The market opened on a positive note and the index hit 12,002.76 points intra-day high. However, the investors opted for
Published 22 Nov, 2011 12:00am
Index down 43.02 points

Index down 43.02 points

The KSE-100 index on Monday lost 43.02 points to close at 11,894.79 points due to selling mainly by local investors after mid-session. The market opened on a positive note and the index hit 12,002.76 points intra-day high. However, the investors opted for
Published 22 Nov, 2011 12:00am
Monetary policy on November 30

Monetary policy on November 30

State Bank of Pakistan (SBP) will announce the monetary policy statement on November 30, 2011. According to the SBP spokesman, the Central Board of Directors of the Central Bank will approve the monetary policy statement for next two months in its meeting
Published 22 Nov, 2011 12:00am
Monetary policy on November 30

Monetary policy on November 30

State Bank of Pakistan (SBP) will announce the monetary policy statement on November 30, 2011. According to the SBP spokesman, the Central Board of Directors of the Central Bank will approve the monetary policy statement for next two months in its meeting
Published 22 Nov, 2011 12:00am
Monetary policy on November 30

Monetary policy on November 30

State Bank of Pakistan (SBP) will announce the monetary policy statement on November 30, 2011. According to the SBP spokesman, the Central Board of Directors of the Central Bank will approve the monetary policy statement for next two months in its meeting
Published 22 Nov, 2011 12:00am
Duty exemption for gas, LNG projects: FBR receives six major proposals

Duty exemption for gas, LNG projects: FBR receives six major proposals

The Federal Board of Revenue has received six major proposals of the Ministry of Petroleum and Natural Resources on grant of sales tax and customs duty exemption on the gas import projects, duty-free import of plant/machinery/LNG terminals, etc, and defer
Published 22 Nov, 2011 12:00am
Duty exemption for gas, LNG projects: FBR receives six major proposals

Duty exemption for gas, LNG projects: FBR receives six major proposals

The Federal Board of Revenue has received six major proposals of the Ministry of Petroleum and Natural Resources on grant of sales tax and customs duty exemption on the gas import projects, duty-free import of plant/machinery/LNG terminals, etc, and defer
Published 22 Nov, 2011 12:00am
Duty exemption for gas, LNG projects: FBR receives six major proposals

Duty exemption for gas, LNG projects: FBR receives six major proposals

The Federal Board of Revenue has received six major proposals of the Ministry of Petroleum and Natural Resources on grant of sales tax and customs duty exemption on the gas import projects, duty-free import of plant/machinery/LNG terminals, etc, and defer
Published 22 Nov, 2011 12:00am
Sales tax rate for five zero-rated sectors: FBR restores status quo ante

Sales tax rate for five zero-rated sectors: FBR restores status quo ante

The FBR has stopped implementation of the SRO.1012(I)/2011 and temporarily withdrawn 5 percent sales tax on commercial importers and suspended application of single rate of 5 percent sales tax on zero-rated sectors and previous rate of 4-6 percent has bee
Published 22 Nov, 2011 12:00am
Sales tax rate for five zero-rated sectors: FBR restores status quo ante

Sales tax rate for five zero-rated sectors: FBR restores status quo ante

The FBR has stopped implementation of the SRO.1012(I)/2011 and temporarily withdrawn 5 percent sales tax on commercial importers and suspended application of single rate of 5 percent sales tax on zero-rated sectors and previous rate of 4-6 percent has bee
Published 22 Nov, 2011 12:00am
Sales tax rate for five zero-rated sectors: FBR restores status quo ante

Sales tax rate for five zero-rated sectors: FBR restores status quo ante

The FBR has stopped implementation of the SRO.1012(I)/2011 and temporarily withdrawn 5 percent sales tax on commercial importers and suspended application of single rate of 5 percent sales tax on zero-rated sectors and previous rate of 4-6 percent has bee
Published 22 Nov, 2011 12:00am
CJP questions government's bid to protect 'black law'

CJP questions government's bid to protect 'black law'

Chief Justice Iftikhar Muhammad Chaudhry questioned the Federation's contention to repeal the judgement in National Reconciliation Ordinance (NRO), saying that the Ordinance -a 'black law' passed by a dictator for his own convenience-was being protected b
Published 22 Nov, 2011 12:00am
CJP questions government's bid to protect 'black law'

CJP questions government's bid to protect 'black law'

Chief Justice Iftikhar Muhammad Chaudhry questioned the Federation's contention to repeal the judgement in National Reconciliation Ordinance (NRO), saying that the Ordinance -a 'black law' passed by a dictator for his own convenience-was being protected b
Published 22 Nov, 2011 12:00am
''No loadshedding'' in Ramazan: billions to be paid to KESC

''No loadshedding'' in Ramazan: billions to be paid to KESC

The federal government is to extend billions of rupees to Karachi Electric Supply Company (KESC) as difference in furnace oil and gas prices to ensure power supply in Razaman, official sources told Business Recorder. "The government has constituted
Published 22 Nov, 2011 12:00am
'No loadshedding' in Ramazan: billions to be paid to KESC

'No loadshedding' in Ramazan: billions to be paid to KESC

The federal government is to extend billions of rupees to Karachi Electric Supply Company (KESC) as difference in furnace oil and gas prices to ensure power supply in Razaman, official sources told Business Recorder. "The government has constituted
Published 22 Nov, 2011 12:00am
'No loadshedding' in Ramazan: billions to be paid to KESC

'No loadshedding' in Ramazan: billions to be paid to KESC

The federal government is to extend billions of rupees to Karachi Electric Supply Company (KESC) as difference in furnace oil and gas prices to ensure power supply in Razaman, official sources told Business Recorder. "The government has constituted
Published 22 Nov, 2011 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (November 21, 2011).
Published 22 Nov, 2011 12:00am
Egypt government resigns as deadly clashes rock Tahrir

Egypt government resigns as deadly clashes rock Tahrir

Egypt's cabinet said on Monday it had resigned as clashes raged in Tahrir Square between police and protesters demanding democratic change in the country's biggest crisis since Hosni Mubarak's ouster. State television quoted a military source as saying th
Published 22 Nov, 2011 12:00am
Egypt government resigns as deadly clashes rock Tahrir

Egypt government resigns as deadly clashes rock Tahrir

Egypt's cabinet said on Monday it had resigned as clashes raged in Tahrir Square between police and protesters demanding democratic change in the country's biggest crisis since Hosni Mubarak's ouster. State television quoted a military source as saying th
Published 22 Nov, 2011 12:00am
WTO cuts 2011 world export growth forecast to 5.8 percent

WTO cuts 2011 world export growth forecast to 5.8 percent

The World Trade Organisation cut on Monday its 2011 world export growth forecast to 5.8 percent from 6.5 percent, warning that the outlook for the global economy has worsened and activity slowed. "The outlook for the global economy has worsened considerab
Published 22 Nov, 2011 12:00am
WTO cuts 2011 world export growth forecast to 5.8 percent

WTO cuts 2011 world export growth forecast to 5.8 percent

The World Trade Organisation cut on Monday its 2011 world export growth forecast to 5.8 percent from 6.5 percent, warning that the outlook for the global economy has worsened and activity slowed. "The outlook for the global economy has worsened considerab
Published 22 Nov, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (November 21, 2011).

Published 22 Nov, 2011 12:00am
WTO cuts 2011 world export growth forecast to 5.8 percent

WTO cuts 2011 world export growth forecast to 5.8 percent

The World Trade Organisation cut on Monday its 2011 world export growth forecast to 5.8 percent from 6.5 percent, warning that the outlook for the global economy has worsened and activity slowed. "The outlook for the global economy has worsened considerab
Published 22 Nov, 2011 12:00am
Debt crisis sweeps closer to heart of Europe

Debt crisis sweeps closer to heart of Europe

The eurozone''s debt crisis swept closer to the heart of Europe on Monday despite a clear-cut election victory in Spain for conservatives committed to austerity, adding to pressure on the European Central Bank to act more decisively. Spain''s Socialists b
Published 22 Nov, 2011 12:00am
Debt crisis sweeps closer to heart of Europe

Debt crisis sweeps closer to heart of Europe

The eurozone's debt crisis swept closer to the heart of Europe on Monday despite a clear-cut election victory in Spain for conservatives committed to austerity, adding to pressure on the European Central Bank to act more decisively. Spain's Socialists bec
Published 22 Nov, 2011 12:00am
Debt crisis sweeps closer to heart of Europe

Debt crisis sweeps closer to heart of Europe

The eurozone's debt crisis swept closer to the heart of Europe on Monday despite a clear-cut election victory in Spain for conservatives committed to austerity, adding to pressure on the European Central Bank to act more decisively. Spain's Socialists bec
Published 22 Nov, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (November 21, 2011).

Published 22 Nov, 2011 12:00am