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Print - 2012-01-24
Index breaches 12,000 mark

Index breaches 12,000 mark

The Karachi share market on Monday witnessed a bull-run on the back of aggressive buying mainly by local investors and the KSE-100 index breached 12, 000 psychological level with the highest trading volumes in one year. investors welcomed the government a
Published 24 Jan, 2012 12:00am
Index breaches 12,000 mark

Index breaches 12,000 mark

The Karachi share market on Monday witnessed a bull-run on the back of aggressive buying mainly by local investors and the KSE-100 index breached 12, 000 psychological level with the highest trading volumes in one year. investors welcomed the government a
Published 24 Jan, 2012 12:00am
Index breaches 12,000 mark

Index breaches 12,000 mark

The Karachi share market on Monday witnessed a bull-run on the back of aggressive buying mainly by local investors and the KSE-100 index breached 12, 000 psychological level with the highest trading volumes in one year. investors welcomed the government a
Published 24 Jan, 2012 12:00am
Rabi-ul-Awwal moon may be sighted today

Rabi-ul-Awwal moon may be sighted today

The new Rabi-ul-Awwal moon may be sighted today (Tuesday). According to astronomical parameters there is a good chance of sighting. Therefore, the first of Rabi-ul-Awwal, 1433 AH may fall on Wednesday. The moon crossed the conjunction line yesterday (Mond
Published 24 Jan, 2012 12:00am
Rabi-ul-Awwal moon may be sighted today

Rabi-ul-Awwal moon may be sighted today

The new Rabi-ul-Awwal moon may be sighted today (Tuesday). According to astronomical parameters there is a good chance of sighting. Therefore, the first of Rabi-ul-Awwal, 1433 AH may fall on Wednesday. The moon crossed the conjunction line yesterday (Mond
Published 24 Jan, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (January 23, 2012).

Published 24 Jan, 2012 12:00am
FBR chairman''s slot still lying vacant!

FBR chairman''s slot still lying vacant!

The Federal Board of Revenue (FBR) worked without any chairman or acting chairman on Monday, as the former head Salman Siddiq got retirement last week and the slot is still lying vacant. Sources told Business Recorder that the FBR employees and fie
Published 24 Jan, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (January 23, 2012).

Published 24 Jan, 2012 12:00am
FBR chairman's slot still lying vacant!

FBR chairman's slot still lying vacant!

The Federal Board of Revenue (FBR) worked without any chairman or acting chairman on Monday, as the former head Salman Siddiq got retirement last week and the slot is still lying vacant. Sources told Business Recorder that the FBR employees and fie
Published 24 Jan, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Monday (January 23, 2012).

Published 24 Jan, 2012 12:00am
FBR chairman's slot still lying vacant!

FBR chairman's slot still lying vacant!

The Federal Board of Revenue (FBR) worked without any chairman or acting chairman on Monday, as the former head Salman Siddiq got retirement last week and the slot is still lying vacant. Sources told Business Recorder that the FBR employees and fie
Published 24 Jan, 2012 12:00am
Tax evasion of Rs 5.5 billion by various sectors

Tax evasion of Rs 5.5 billion by various sectors

The Direc-torate General of Intelligence and Investigation Federal Board of Revenue (FBR) has unearthed tax evasion worth Rs 5.5 billion by various sectors of the economy particularly by cable TV operators, illegal tax exemption issued in favour of Indepe
Published 24 Jan, 2012 12:00am
Tax evasion of Rs 5.5 billion by various sectors

Tax evasion of Rs 5.5 billion by various sectors

The Direc-torate General of Intelligence and Investigation Federal Board of Revenue (FBR) has unearthed tax evasion worth Rs 5.5 billion by various sectors of the economy particularly by cable TV operators, illegal tax exemption issued in favour of Indepe
Published 24 Jan, 2012 12:00am
Tax evasion of Rs 5.5 billion by various sectors

Tax evasion of Rs 5.5 billion by various sectors

The Direc-torate General of Intelligence and Investigation Federal Board of Revenue (FBR) has unearthed tax evasion worth Rs 5.5 billion by various sectors of the economy particularly by cable TV operators, illegal tax exemption issued in favour of Indepe
Published 24 Jan, 2012 12:00am
US slaps sanctions on Bank Tejarat

US slaps sanctions on Bank Tejarat

The Obama administration on Monday imposed sanctions on Iran''s third largest bank, making it harder for Tehran to access the world''s financial system and fund its nuclear activities. Iran''s Bank Tejarat, and an affiliate Belarus-based Trade Capital Ban
Published 24 Jan, 2012 12:00am
US slaps sanctions on Bank Tejarat

US slaps sanctions on Bank Tejarat

The Obama administration on Monday imposed sanctions on Iran's third largest bank, making it harder for Tehran to access the world's financial system and fund its nuclear activities. Iran's Bank Tejarat, and an affiliate Belarus-based Trade Capital Bank,
Published 24 Jan, 2012 12:00am
US slaps sanctions on Bank Tejarat

US slaps sanctions on Bank Tejarat

The Obama administration on Monday imposed sanctions on Iran's third largest bank, making it harder for Tehran to access the world's financial system and fund its nuclear activities. Iran's Bank Tejarat, and an affiliate Belarus-based Trade Capital Bank,
Published 24 Jan, 2012 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 (January 23, 2012).
Published 24 Jan, 2012 12:00am
EU bans Iranian oil, Tehran responds with threats

EU bans Iranian oil, Tehran responds with threats

The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran''s nuclear development programme. In Iran, one politician respon
Published 24 Jan, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (January 23, 2012).

Published 24 Jan, 2012 12:00am
EU bans Iranian oil, Tehran responds with threats

EU bans Iranian oil, Tehran responds with threats

The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran's nuclear development programme. In Iran, one politician respond
Published 24 Jan, 2012 12:00am
EU bans Iranian oil, Tehran responds with threats

EU bans Iranian oil, Tehran responds with threats

The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran's nuclear development programme. In Iran, one politician respond
Published 24 Jan, 2012 12:00am
US drone strike kills four

US drone strike kills four

A US drone fired missiles into a vehicle, killing four militants in North Waziristan on Monday that hugs the Afghan border, security officials said. It was only the third such US attack reported in so far this year, following a moratorium after US firepow
Published 24 Jan, 2012 12:00am
US drone strike kills four

US drone strike kills four

A US drone fired missiles into a vehicle, killing four militants in North Waziristan on Monday that hugs the Afghan border, security officials said. It was only the third such US attack reported in so far this year, following a moratorium after US firepow
Published 24 Jan, 2012 12:00am
Pentagon turns down findings

Pentagon turns down findings

The United States rejected Monday the findings of a Pakistani probe into Nato air strikes that killed 24 Pakistani soldiers in late November, saying the investigation ignored the fact that "mistakes" were made on both sides. At a press briefing, Pentagon
Published 24 Jan, 2012 12:00am
Pentagon turns down findings

Pentagon turns down findings

The United States rejected Monday the findings of a Pakistani probe into Nato air strikes that killed 24 Pakistani soldiers in late November, saying the investigation ignored the fact that "mistakes" were made on both sides. At a press briefing, Pentagon
Published 24 Jan, 2012 12:00am
Army rejects US report on Nato attack

Army rejects US report on Nato attack

Pakistan Army on Monday rejected the investigation report by US Central Command (Centcom) on the Salala incident, involving aerial strikes by US aircraft and helicopters resulting in the killing of 24 Pakistani soldiers and injuries to 13 others.
Published 24 Jan, 2012 12:00am
Army rejects US report on Nato attack

Army rejects US report on Nato attack

Pakistan Army on Monday rejected the investigation report by US Central Command (Centcom) on the Salala incident, involving aerial strikes by US aircraft and helicopters resulting in the killing of 24 Pakistani soldiers and injuries to 13 others.
Published 24 Jan, 2012 12:00am
Supreme Court clarifies its stance

Supreme Court clarifies its stance

The Supreme Court on Monday quickly moved to dispel an impression created in a statement of Secretary Election Commission of Pakistan that held as if the apex Court had stayed holding of by-elections on casual vacancies in the country.
Published 24 Jan, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (January 23, 2012).

Published 24 Jan, 2012 12:00am
Supreme Court clarifies its stance

Supreme Court clarifies its stance

The Supreme Court on Monday quickly moved to dispel an impression created in a statement of Secretary Election Commission of Pakistan that held as if the apex Court had stayed holding of by-elections on casual vacancies in the country.
Published 24 Jan, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (January 23, 2012).
Published 24 Jan, 2012 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 Monday (January 23, 2012).

Published 24 Jan, 2012 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 Monday (January 23, 2012).

Published 24 Jan, 2012 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 Monday (January 23, 2012).

Published 24 Jan, 2012 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 Monday (January 23, 2012).

Published 24 Jan, 2012 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 24 Jan, 2012 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 24 Jan, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 24 Jan, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 24 Jan, 2012 12:00am
Giesecke & Devrient Group

Giesecke & Devrient Group

Giesecke & Devrient (G&D) is a leading international technology group with a tradition that spans over 150 years of business. Founded in 1852, G&D initially specialized in the printing of banknotes and production of security paper.
Published 24 Jan, 2012 12:00am
World Best Note Processing Systems

World Best Note Processing Systems

Innovative has joined hands with Giesecke and Devrient (G&D) of Munich, Germany to provide outstanding value for its customers in the realm of note processing solutions. Currently the banks in Pakistan mostly rely on manual processing pertaining to counti
Published 24 Jan, 2012 12:00am
Showers offer hope on Ivorian cocoa farms

Showers offer hope on Ivorian cocoa farms

Light, patchy rains fell in Ivory Coast's eastern and southern cocoa growing regions last week, raising hopes for output, while drought and wind continued in most other areas of the West African country. An unusually harsh dry season since November has un
Published 24 Jan, 2012 12:00am
India's NMDC resumes iron ore supply from major mines

India's NMDC resumes iron ore supply from major mines

India's biggest iron ore miner, NMDC Ltd, said it has resumed operations in the central Indian state of Chhattisgarh, which accounts for two-thirds of its annual ouput of 25 million tonnes, after protests disrupted railway movements for 10 days. "The supp
Published 24 Jan, 2012 12:00am
China suspends Indian oilmeal imports

China suspends Indian oilmeal imports

China has suspended imports of oilmeal from India after it found contamination of a hazardous chemical in rapeseed meal last year, an Indian trade body said, potentially hitting India's overall exports of the animal feedstock. "For the time being, China h
Published 24 Jan, 2012 12:00am
Scattered rains give patchy relief to Argentine corn fields

Scattered rains give patchy relief to Argentine corn fields

Storms were forecast for Argentina on Monday after patchy weekend rains failed to moisten many corn and soya fields nearly ruined by a drought that has raised concerns about world food supplies. Weeks of dryness in Argentina, the worlds' No 2 corn exporte
Published 24 Jan, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 234,724 tonnes of cargo comprising 134,294 tonnes of import cargo and 100,430 tonnes of export cargo including 6,068 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 134,294 t
Published 24 Jan, 2012 12:00am
Rain heads for Brazil's soya belt

Rain heads for Brazil's soya belt

A cold front will bring much needed rain to Brazil's No 2 and 3 soyabean producing states of Parana and Rio Grande do Sul on Tuesday and Wednesday, local meteorologist Somar forecast Monday. The two main southern producing states have been the worst hit b
Published 24 Jan, 2012 12:00am
Oil cake market rates

Oil cake market rates

Falling trend was seen on the forward cottonseed oilcake market on Monday in process of trading dealers said. The January contract that had close at Rs 1154.00 commenced with a fall Rs 1.90 at Rs 1152.10. The March vaida which closed at Rs 773.80 suffered
Published 24 Jan, 2012 12:00am
HRW wheat bids steady to mixed

HRW wheat bids steady to mixed

Bids for hard red winter wheat in the US Plains were steady to mixed on Monday as spotty mill demand was noted. The basis was a dime firmer in Mewton and Wichita, Kansas, but 3 cents weaker in Salina, Kansas. Protein premiums climbed 2-7 cents a bushel fo
Published 24 Jan, 2012 12:00am
Some hefty changes seen on grain market

Some hefty changes seen on grain market

The grain and seed market opened on a positive note on Monday, though the changes were few and far but the magnitude was quite good, dealers said. On cereal side prices of barley both in Sindh and Mardan were higher by Rs 50 at Rs 3650, guwar in Sindh and
Published 24 Jan, 2012 12:00am
RIM, Blackberry on the edge under new CEO

RIM, Blackberry on the edge under new CEO

Take-over talk swirled around Research In Motion on Monday as investors and analysts pondered whether new Chief Executive Thorsten Heins had been appointed to lead a turnaround of the struggling phonemaker or prepare it for sale. Heins, who joined the Can
Published 24 Jan, 2012 12:00am
Sony, Fujifilm top rivals for Olympus tie

Sony, Fujifilm top rivals for Olympus tie

Sony Corp and Fujifilm Holdings are leading contenders for an equity stake in Olympus Corp, sources familiar with the situation said, as the scandal-hit medical equipment maker moves to shore up its finances. The field of possibilities has narrowed, with
Published 24 Jan, 2012 12:00am
Russia in deal to deliver Syria fighter jets

Russia in deal to deliver Syria fighter jets

Russia has signed a deal to sell Syria nearly 40 fighter jet trainers for over half a billion dollars, a Russian newspaper reported on Monday, despite growing international criticism over its military trade with the violence-ridden country. Syrian Preside
Published 24 Jan, 2012 12:00am
Megaupload boss says innocent; rival stops file-sharing

Megaupload boss says innocent; rival stops file-sharing

The founder of file-sharing website Megaupload was ordered to be held in custody by a New Zealand court on Monday, as he denied charges of internet piracy and money laundering and said authorities were trying to portray the blackest picture of him.
Published 24 Jan, 2012 12:00am
YouTube hits four billion daily video views

YouTube hits four billion daily video views

YouTube, Google Inc's video website, is streaming 4 billion online videos every day, a 25 percent increase in the past eight months, according to the company. The jump in video views comes as Google pushes YouTube beyond the personal computer, with versio
Published 24 Jan, 2012 12:00am
World Bank resumes ties with Yemen, lifts aid suspension

World Bank resumes ties with Yemen, lifts aid suspension

The World Bank on Monday lifted a funding freeze to Yemen and said it would resume relations with the new power-sharing government after closing its office in March 2011 due to political turmoil and unrest. "The Bank's reengagement comes as a result of th
Published 24 Jan, 2012 12:00am
Italy protests spread against Monti, truckers block roads

Italy protests spread against Monti, truckers block roads

Truckers blocked roads throughout Italy and taxi drivers resumed a strike on Monday as opposition mounted to fuel tax rises and economic reforms aimed at opening up competition in protected sectors including transport and pharmacies. Roads and highways fr
Published 24 Jan, 2012 12:00am
Germany and France press for rapid Greek debt deal

Germany and France press for rapid Greek debt deal

Germany and France pressed on Monday for a rapid deal between Greece and its private creditors that cuts its soaring debt to sustainable levels and said they were committed to a sealing a new bailout for Athens by March to avert a disastrous default.
Published 24 Jan, 2012 12:00am
Brazil's Petrobras to name woman engineer as CEO

Brazil's Petrobras to name woman engineer as CEO

Petrobras plans to name veteran engineer Maria das Graças Foster as chief executive, promoting a respected technocrat from the company's ranks in a bid to turn around the Brazilian oil giant's lacklustre performance in recent years. Rio de Janeiro-based P
Published 24 Jan, 2012 12:00am
Eurozone consumer sentiment inches up

Eurozone consumer sentiment inches up

Consumer confidence in the 17 countries of the Eurozone rose marginally in January, data showed on Monday, with concerns about the slowing economy balanced against a stronger stock market and some optimism over the debt crisis. Consumer morale crept up to
Published 24 Jan, 2012 12:00am
Saudi cabinet approves expansion of China energy ties

Saudi cabinet approves expansion of China energy ties

The Saudi cabinet on Monday approved efforts towards developing oil and gas co-operation with China, the state news agency SPA reported, after a visit by the Chinese prime minister to the world's top oil exporter as Iran tensions were rising. "The cabinat
Published 24 Jan, 2012 12:00am
Egypt's bourse at seven-week high; Gulf mixed

Egypt's bourse at seven-week high; Gulf mixed

Egypt's bourse climbed to a seven-week high on Monday after the first sitting of the country's new parliament lifted hopes of political stability, while Gulf markets were mixed. Cairo's main index rose 2.4 percent to its highest close since December 6. Al
Published 24 Jan, 2012 12:00am
Indian shares soar

Indian shares soar

Indian shares rose for a third straight session, inching up 0.08 percent on Monday, helped by financials while a decline in Reliance Industries, which reported its first quarterly profit fall in two years, capped the index gains. Financials rose a day ahe
Published 24 Jan, 2012 12:00am
Monday's midday trade: Wall Street flat, rally could resume on earnings

Monday's midday trade: Wall Street flat, rally could resume on earnings

US stocks were little changed on Monday as recent earnings reports and development in the euro zone provided little incentive to disrupt the recent tone for equities on the heels of the best weekly performance by the S&P 500 in a month. US stocks are up n
Published 24 Jan, 2012 12:00am
Most Asian markets closed

Most Asian markets closed

Stocks, foreign exchange and commodity markets in China, Hong Kong, Jakarta, Kuala Lumpur, Manila, Seoul, Singapore and Taipei were closed on Monday due to the Lunar New Year holiday. China and Taiwan markets closed for long Lunar New Year holiday. Taiwan
Published 24 Jan, 2012 12:00am
Sri Lankan stocks at 17-month low

Sri Lankan stocks at 17-month low

Sri Lanka's share market fell more than 2 percent on Monday to a 17-month low, continuing its losing streak for a fifth straight session as retail investors sold off shares to trim leveraged positions and meet margin calls. The main share index ended 118.
Published 24 Jan, 2012 12:00am
Nikkei average slips

Nikkei average slips

The Nikkei average ended flat on Monday to halt a four-day winning streak, with early gains capped by market worries over Greece after negotiations with private creditors failed, raising the stakes for a meeting later in the day at which euro zone finance
Published 24 Jan, 2012 12:00am
Banks push European shares to fresh five-month high

Banks push European shares to fresh five-month high

European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch. The STOXX Europe 6
Published 24 Jan, 2012 12:00am
London to cater for 'dim sum' bond appetite

London to cater for 'dim sum' bond appetite

London's growing role as a major offshore hub for the Chinese currency looks set to generate huge demand here for yuan-denominated bonds from large European investors, and more interest from corporates in trading the renminbi, a senior HSBC official said
Published 24 Jan, 2012 12:00am
London to cater for 'dim sum' bond appetite

London to cater for 'dim sum' bond appetite

London's growing role as a major offshore hub for the Chinese currency looks set to generate huge demand here for yuan-denominated bonds from large European investors, and more interest from corporates in trading the renminbi, a senior HSBC official said
Published 24 Jan, 2012 12:00am