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Print - 2011-11-26
''Islamic banking constitutes about 7.3 percent of overall system''

''Islamic banking constitutes about 7.3 percent of overall system''

Muhammad Kamran Shehzad, Deputy Governor, State Bank of Pakistan on Friday said the Islamic banking industry at present constitutes about 7.3 percent of the overall banking system in Pakistan. He said this while addressing the closing ceremony of a five-d
Published 26 Nov, 2011 12:00am
'Islamic banking constitutes about 7.3 percent of overall system'

'Islamic banking constitutes about 7.3 percent of overall system'

Muhammad Kamran Shehzad, Deputy Governor, State Bank of Pakistan on Friday said the Islamic banking industry at present constitutes about 7.3 percent of the overall banking system in Pakistan. He said this while addressing the closing ceremony of a five-d
Published 26 Nov, 2011 12:00am
'Islamic banking constitutes about 7.3 percent of overall system'

'Islamic banking constitutes about 7.3 percent of overall system'

Muhammad Kamran Shehzad, Deputy Governor, State Bank of Pakistan on Friday said the Islamic banking industry at present constitutes about 7.3 percent of the overall banking system in Pakistan. He said this while addressing the closing ceremony of a five-d
Published 26 Nov, 2011 12:00am
ADB sees moderate rise in saving rates

ADB sees moderate rise in saving rates

The Asian Development Bank (ADB) has projected domestic saving rates in the country will increase moderately or remain at a similar level while the labour force growth is expected to increase in the next 20 years.
Published 26 Nov, 2011 12:00am
ADB sees moderate rise in saving rates

ADB sees moderate rise in saving rates

The Asian Development Bank (ADB) has projected domestic saving rates in the country will increase moderately or remain at a similar level while the labour force growth is expected to increase in the next 20 years.
Published 26 Nov, 2011 12:00am
ADB sees moderate rise in saving rates

ADB sees moderate rise in saving rates

The Asian Development Bank (ADB) has projected domestic saving rates in the country will increase moderately or remain at a similar level while the labour force growth is expected to increase in the next 20 years.
Published 26 Nov, 2011 12:00am
US defeated in bid on cluster bomb accord

US defeated in bid on cluster bomb accord

A US-led push to regulate, rather than ban, cluster munitions failed on Friday after 50 countries objected, following humanitarian campaigners' claims that anything less than a outright ban would be an unprecedented reversal of human rights law.
Published 26 Nov, 2011 12:00am
US defeated in bid on cluster bomb accord

US defeated in bid on cluster bomb accord

A US-led push to regulate, rather than ban, cluster munitions failed on Friday after 50 countries objected, following humanitarian campaigners' claims that anything less than a outright ban would be an unprecedented reversal of human rights law.
Published 26 Nov, 2011 12:00am
Profit after tax of Siemens declines

Profit after tax of Siemens declines

The profit after tax of Siemens (Pakistan) Engineering Company Limited has declined to Rs 67.408 million in the year ended September 30, 2011 as compared to Rs 1,011.279 million earned in the same period last year. The company''''s earning per share has d
Published 26 Nov, 2011 12:00am
Profit after tax of Siemens declines

Profit after tax of Siemens declines

The profit after tax of Siemens (Pakistan) Engineering Company Limited has declined to Rs 67.408 million in the year ended September 30, 2011 as compared to Rs 1,011.279 million earned in the same period last year. The company''s earning per share has dec
Published 26 Nov, 2011 12:00am
Profit after tax of Siemens declines

Profit after tax of Siemens declines

The profit after tax of Siemens (Pakistan) Engineering Company Limited has declined to Rs 67.408 million in the year ended September 30, 2011 as compared to Rs 1,011.279 million earned in the same period last year. The company's earning per share has decl
Published 26 Nov, 2011 12:00am
Profit after tax of Siemens declines

Profit after tax of Siemens declines

The profit after tax of Siemens (Pakistan) Engineering Company Limited has declined to Rs 67.408 million in the year ended September 30, 2011 as compared to Rs 1,011.279 million earned in the same period last year. The company's earning per share has decl
Published 26 Nov, 2011 12:00am
JP Morgan approved for yuan investment fund: WSJ

JP Morgan approved for yuan investment fund: WSJ

J.P. Morgan Chase & Co, the biggest US bank, has received permission from the Beijing city government to create a fund to make $1 billion of yuan-denominated investments around the city, the Wall Street Journal reported Friday, citing unnamed sources.
Published 26 Nov, 2011 12:00am
JP Morgan approved for yuan investment fund: WSJ

JP Morgan approved for yuan investment fund: WSJ

J.P. Morgan Chase & Co, the biggest US bank, has received permission from the Beijing city government to create a fund to make $1 billion of yuan-denominated investments around the city, the Wall Street Journal reported Friday, citing unnamed sources.
Published 26 Nov, 2011 12:00am
JP Morgan approved for yuan investment fund: WSJ

JP Morgan approved for yuan investment fund: WSJ

J.P. Morgan Chase & Co, the biggest US bank, has received permission from the Beijing city government to create a fund to make $1 billion of yuan-denominated investments around the city, the Wall Street Journal reported Friday, citing unnamed sources.
Published 26 Nov, 2011 12:00am
Loadshedding: KCCI asks industrialists to discontinue bills'' payment

Loadshedding: KCCI asks industrialists to discontinue bills'' payment

President, Karachi Chamber of Commerce and Industry (KCCI), Mian Abrar Ahmed has expressed concerns over colossal production losses of billions of rupees per day due to ongoing 12-hours-long loadshedding in seven industrial zones of Karachi. He advised al
Published 26 Nov, 2011 12:00am
Loadshedding: KCCI asks industrialists to discontinue bills' payment

Loadshedding: KCCI asks industrialists to discontinue bills' payment

President, Karachi Chamber of Commerce and Industry (KCCI), Mian Abrar Ahmed has expressed concerns over colossal production losses of billions of rupees per day due to ongoing 12-hours-long loadshedding in seven industrial zones of Karachi. He advised al
Published 26 Nov, 2011 12:00am
Loadshedding: KCCI asks industrialists to discontinue bills' payment

Loadshedding: KCCI asks industrialists to discontinue bills' payment

President, Karachi Chamber of Commerce and Industry (KCCI), Mian Abrar Ahmed has expressed concerns over colossal production losses of billions of rupees per day due to ongoing 12-hours-long loadshedding in seven industrial zones of Karachi. He advised al
Published 26 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 29.92 points, as the Index moved from 2,675.18 to 2,645.26 points.
Published 26 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 29.92 points, as the Index moved from 2,675.18 to 2,645.26 points.
Published 26 Nov, 2011 12:00am
LSE index loses 58.53 points

LSE index loses 58.53 points

Bearish sentiments continued on the Lahore Stock Exchange (LSE) on Friday and the equities registered losses amid selling pressure in most of the blue chips. The LSE-25 index was ended at 2999.48 points against 3058.01 points of Thursday, denoting a decli
Published 26 Nov, 2011 12:00am
LSE index loses 58.53 points

LSE index loses 58.53 points

Bearish sentiments continued on the Lahore Stock Exchange (LSE) on Friday and the equities registered losses amid selling pressure in most of the blue chips. The LSE-25 index was ended at 2999.48 points against 3058.01 points of Thursday, denoting a decli
Published 26 Nov, 2011 12:00am
BRIndex30 down by 138.64 points

BRIndex30 down by 138.64 points

On Friday, BRIndex30 opened at 9,074.88 and remained red with a general downward trend for almost the whole trading time except for the first few minutes after trading started. It touched an intraday high of 9,078.73 and an intraday low of 8,918.81 and cl
Published 26 Nov, 2011 12:00am
BRIndex30 down by 138.64 points

BRIndex30 down by 138.64 points

On Friday, BRIndex30 opened at 9,074.88 and remained red with a general downward trend for almost the whole trading time except for the first few minutes after trading started. It touched an intraday high of 9,078.73 and an intraday low of 8,918.81 and cl
Published 26 Nov, 2011 12:00am
Index down 81.27 points

Index down 81.27 points

The KSE-100 index on Friday lost 81.27 points and closed at the level of 11,648.14 points due to selling after mid session with extreme low volumes. Although the opening was positive and the index hit 11,776.42 points intra-day high. However, this momentu
Published 26 Nov, 2011 12:00am
Index down 81.27 points

Index down 81.27 points

The KSE-100 index on Friday lost 81.27 points and closed at the level of 11,648.14 points due to selling after mid session with extreme low volumes. Although the opening was positive and the index hit 11,776.42 points intra-day high. However, this momentu
Published 26 Nov, 2011 12:00am
Index down 81.27 points

Index down 81.27 points

The KSE-100 index on Friday lost 81.27 points and closed at the level of 11,648.14 points due to selling after mid session with extreme low volumes. Although the opening was positive and the index hit 11,776.42 points intra-day high. However, this momentu
Published 26 Nov, 2011 12:00am
Illegal input tax adjustment: FBR drops idea of new amnesty scheme

Illegal input tax adjustment: FBR drops idea of new amnesty scheme

The Federal Board of Revenue has temporarily dropped the idea of launching a new amnesty scheme for persons against whom cases have been framed for claiming illegal input tax adjustment by the Directorate General of Intelligence and Investigation FBR. Sou
Published 26 Nov, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (November 25, 2011).

Published 26 Nov, 2011 12:00am
Illegal input tax adjustment: FBR drops idea of new amnesty scheme

Illegal input tax adjustment: FBR drops idea of new amnesty scheme

The Federal Board of Revenue has temporarily dropped the idea of launching a new amnesty scheme for persons against whom cases have been framed for claiming illegal input tax adjustment by the Directorate General of Intelligence and Investigation FBR. Sou
Published 26 Nov, 2011 12:00am
Illegal input tax adjustment: FBR drops idea of new amnesty scheme

Illegal input tax adjustment: FBR drops idea of new amnesty scheme

The Federal Board of Revenue has temporarily dropped the idea of launching a new amnesty scheme for persons against whom cases have been framed for claiming illegal input tax adjustment by the Directorate General of Intelligence and Investigation FBR. Sou
Published 26 Nov, 2011 12:00am
Income tax regime: scope of services to be expanded

Income tax regime: scope of services to be expanded

The Federal Board of Revenue has proposed to expand the scope of services within the income tax regime by amending the Income Tax Ordinance 2001, incorporating the list of hundreds of service providers mentioned in the Customs Act, 1969 to bring services
Published 26 Nov, 2011 12:00am
Income tax regime: scope of services to be expanded

Income tax regime: scope of services to be expanded

The Federal Board of Revenue has proposed to expand the scope of services within the income tax regime by amending the Income Tax Ordinance 2001, incorporating the list of hundreds of service providers mentioned in the Customs Act, 1969 to bring services
Published 26 Nov, 2011 12:00am
Income tax regime: scope of services to be expanded

Income tax regime: scope of services to be expanded

The Federal Board of Revenue has proposed to expand the scope of services within the income tax regime by amending the Income Tax Ordinance 2001, incorporating the list of hundreds of service providers mentioned in the Customs Act, 1969 to bring services
Published 26 Nov, 2011 12:00am
More bloodshed in Syria despite Arab League deadline

More bloodshed in Syria despite Arab League deadline

The Syrian government ignored Arab powers' moves to halt its crackdown on a pro-democracy uprising on Friday and more opposition supporters and military personnel were killed in unrelenting violence. The Syrian military said 10 personnel, including six pi
Published 26 Nov, 2011 12:00am
More bloodshed in Syria despite Arab League deadline

More bloodshed in Syria despite Arab League deadline

The Syrian government ignored Arab powers' moves to halt its crackdown on a pro-democracy uprising on Friday and more opposition supporters and military personnel were killed in unrelenting violence. The Syrian military said 10 personnel, including six pi
Published 26 Nov, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (November 25, 2011).

Published 26 Nov, 2011 12:00am
Morocco votes in first election since reforms

Morocco votes in first election since reforms

Moroccans voted Friday in the first legislative election since the king introduced constitutional reforms after the Arab Spring uprisings, with an Islamist party expected to make strong gains. The main contenders in the election, the second in north Afric
Published 26 Nov, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (November 25, 2011).
Published 26 Nov, 2011 12:00am
Morocco votes in first election since reforms

Morocco votes in first election since reforms

Moroccans voted Friday in the first legislative election since the king introduced constitutional reforms after the Arab Spring uprisings, with an Islamist party expected to make strong gains. The main contenders in the election, the second in north Afric
Published 26 Nov, 2011 12:00am
Thousands rally in Egypt on 'last chance Friday'

Thousands rally in Egypt on 'last chance Friday'

Tens of thousands of Egyptians demanding an end to military rule packed Cairo's Tahrir square on Friday in the biggest turnout of a week of protests and violence that has killed 41 people. The military rulers named a veteran former prime minister to head
Published 26 Nov, 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 Friday (November 25, 2011).

Published 26 Nov, 2011 12:00am
Thousands rally in Egypt on 'last chance Friday'

Thousands rally in Egypt on 'last chance Friday'

Tens of thousands of Egyptians demanding an end to military rule packed Cairo's Tahrir square on Friday in the biggest turnout of a week of protests and violence that has killed 41 people. The military rulers named a veteran former prime minister to head
Published 26 Nov, 2011 12:00am
Muharram to begin tomorrow

Muharram to begin tomorrow

The new Muharram moon may be sighted today (Saturday), according to astronomical parameters. Therefore, the first of Muharram, 1433 AH should fall on Sunday. The moon crossed the conjunction line yesterday (Friday) at 1110 Pakistan Standard Time (PST). Th
Published 26 Nov, 2011 12:00am
Muharram to begin tomorrow

Muharram to begin tomorrow

The new Muharram moon may be sighted today (Saturday), according to astronomical parameters. Therefore, the first of Muharram, 1433 AH should fall on Sunday. The moon crossed the conjunction line yesterday (Friday) at 1110 Pakistan Standard Time (PST). Th
Published 26 Nov, 2011 12:00am
Underpayment of taxes: gold importers'' audit to be conducted

Underpayment of taxes: gold importers'' audit to be conducted

The Federal Board of Revenue has decided to conduct audit of authorised importers of gold to check underpayment of taxes during the last few years. Sources told Business Recorder here on Friday that the FBR has issued instructions to the Large Taxp
Published 26 Nov, 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 Friday (November 25, 2011).

Published 26 Nov, 2011 12:00am
Underpayment of taxes: gold importers' audit to be conducted

Underpayment of taxes: gold importers' audit to be conducted

The Federal Board of Revenue has decided to conduct audit of authorised importers of gold to check underpayment of taxes during the last few years. Sources told Business Recorder here on Friday that the FBR has issued instructions to the Large Taxp
Published 26 Nov, 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 Friday (November 25, 2011).

Published 26 Nov, 2011 12:00am
Underpayment of taxes: gold importers' audit to be conducted

Underpayment of taxes: gold importers' audit to be conducted

The Federal Board of Revenue has decided to conduct audit of authorised importers of gold to check underpayment of taxes during the last few years. Sources told Business Recorder here on Friday that the FBR has issued instructions to the Large Taxp
Published 26 Nov, 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 Friday (November 25, 2011).

Published 26 Nov, 2011 12:00am
Government approves Rs six billion bank guarantee for PSM

Government approves Rs six billion bank guarantee for PSM

The government has approved a bank guarantee of Rs6 billion for Pakistan Steel Mills (PSM) to ensure working capital of the company and directed the management to empower the Board of Directors of the Corporation. Sources told Business Recorder tha
Published 26 Nov, 2011 12:00am