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Print - 2012-01-25
NIB BANK LIMITED

NIB BANK LIMITED

Incorporated in March 2003, NIB started its operation as NDLC-IFIC Bank. Having an asset base of around Rs 171 billion as of 30th September 2011, NIB Bank Ltd is the country's thirteenth largest commercial bank and eighth largest mid-sized bank. The Bank
Published 25 Jan, 2012 12:00am
France rules out withdrawal from Afghanistan in 2012

France rules out withdrawal from Afghanistan in 2012

Foreign Minister Alain Juppe said Tuesday that France would not give in to "panic" and pull its troops out of Afghanistan this year after four of its soldiers were killed there last week. "When I hear talk of an immediate withdrawal, such as at the end of
Published 25 Jan, 2012 12:00am
France rules out withdrawal from Afghanistan in 2012

France rules out withdrawal from Afghanistan in 2012

Foreign Minister Alain Juppe said Tuesday that France would not give in to "panic" and pull its troops out of Afghanistan this year after four of its soldiers were killed there last week. "When I hear talk of an immediate withdrawal, such as at the end of
Published 25 Jan, 2012 12:00am
Khyber Pakhtunkhwa to establish its BoI

Khyber Pakhtunkhwa to establish its BoI

Khyber Pakhtunkhwa Minister for Commerce and Industries, Syed Ahmad Hussein Shah, has said that the provincial government by the end of current calendar year will establish its Board of Investment (BoI) and will restructure Sarhad Development Authority (S
Published 25 Jan, 2012 12:00am
Khyber Pakhtunkhwa to establish its BoI

Khyber Pakhtunkhwa to establish its BoI

Khyber Pakhtunkhwa Minister for Commerce and Industries, Syed Ahmad Hussein Shah, has said that the provincial government by the end of current calendar year will establish its Board of Investment (BoI) and will restructure Sarhad Development Authority (S
Published 25 Jan, 2012 12:00am
The Weather

The Weather

The weather report on Tuesday (January 24, 2012) and the forecast for Wednesday (January 25, 2012).

Published 25 Jan, 2012 12:00am
Khyber Pakhtunkhwa to establish its BoI

Khyber Pakhtunkhwa to establish its BoI

Khyber Pakhtunkhwa Minister for Commerce and Industries, Syed Ahmad Hussein Shah, has said that the provincial government by the end of current calendar year will establish its Board of Investment (BoI) and will restructure Sarhad Development Authority (S
Published 25 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 25 Jan, 2012 12:00am
Zardari for establishing PTA with Myanmar

Zardari for establishing PTA with Myanmar

President Asif Ali Zardari on Tuesday called for enhancing two-way trade between Pakistan and Myanmar and establishing a Preferential Tariff Arrangement leading to culmination of a comprehensive Free Trade Agreement. Zardari also emphasised establishment
Published 25 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 25 Jan, 2012 12:00am
Zardari for establishing PTA with Myanmar

Zardari for establishing PTA with Myanmar

President Asif Ali Zardari on Tuesday called for enhancing two-way trade between Pakistan and Myanmar and establishing a Preferential Tariff Arrangement leading to culmination of a comprehensive Free Trade Agreement. Zardari also emphasised establishment
Published 25 Jan, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Zardari for establishing PTA with Myanmar

Zardari for establishing PTA with Myanmar

President Asif Ali Zardari on Tuesday called for enhancing two-way trade between Pakistan and Myanmar and establishing a Preferential Tariff Arrangement leading to culmination of a comprehensive Free Trade Agreement. Zardari also emphasised establishment
Published 25 Jan, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (January 24, 2012) and for Wednesday (January 25, 2012).
Published 25 Jan, 2012 12:00am
First Rabi-ul-Awwal today

First Rabi-ul-Awwal today

The Rabi-ul-Awwal moon has been sighted on Tuesday. This was announced by Chairman of the Central Ruet-i-Hilal Committee, Mufti Munib-ur-Rehman after chairing the committee meeting. He further stated that the first Rabi-ul-Awwal would fall on January 25 a
Published 25 Jan, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
First Rabi-ul-Awwal today

First Rabi-ul-Awwal today

The Rabi-ul-Awwal moon has been sighted on Tuesday. This was announced by Chairman of the Central Ruet-i-Hilal Committee, Mufti Munib-ur-Rehman after chairing the committee meeting. He further stated that the first Rabi-ul-Awwal would fall on January 25 a
Published 25 Jan, 2012 12:00am
Etisalat appoints new head of Asia operations

Etisalat appoints new head of Asia operations

UAE telecoms operator Etisalat has appointed a top executive as its new chief regional officer for Asia, in the latest reshuffle at the former monopoly. "That''''s correct," Jamal al Jarwan said on Tuesday, when asked if he had become Etisalat''''s head o
Published 25 Jan, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Etisalat appoints new head of Asia operations

Etisalat appoints new head of Asia operations

UAE telecoms operator Etisalat has appointed a top executive as its new chief regional officer for Asia, in the latest reshuffle at the former monopoly. "That''s correct," Jamal al Jarwan said on Tuesday, when asked if he had become Etisalat''s head of As
Published 25 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Etisalat appoints new head of Asia operations

Etisalat appoints new head of Asia operations

UAE telecoms operator Etisalat has appointed a top executive as its new chief regional officer for Asia, in the latest reshuffle at the former monopoly. "That's correct," Jamal al Jarwan said on Tuesday, when asked if he had become Etisalat's head of Asia
Published 25 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Etisalat appoints new head of Asia operations

Etisalat appoints new head of Asia operations

UAE telecoms operator Etisalat has appointed a top executive as its new chief regional officer for Asia, in the latest reshuffle at the former monopoly. "That's correct," Jamal al Jarwan said on Tuesday, when asked if he had become Etisalat's head of Asia
Published 25 Jan, 2012 12:00am
Swiss return 1.4 billion euros in seized Arab Spring assets

Swiss return 1.4 billion euros in seized Arab Spring assets

Switzerland said Tuesday it has returned nearly 1.7 billion Swiss francs (1.41 billion euros, $1.83 billion) in illicitly placed assets to countries involved in the Arab Spring regime changes. "The return of illicit assets is a key component of the system
Published 25 Jan, 2012 12:00am
Swiss return 1.4 billion euros in seized Arab Spring assets

Swiss return 1.4 billion euros in seized Arab Spring assets

Switzerland said Tuesday it has returned nearly 1.7 billion Swiss francs (1.41 billion euros, $1.83 billion) in illicitly placed assets to countries involved in the Arab Spring regime changes. "The return of illicit assets is a key component of the system
Published 25 Jan, 2012 12:00am
THE RUPEE: range-bound in interbank deals

THE RUPEE: range-bound in interbank deals

The exchange rates on the currency market moved in interbank in a narrow range on Tuesday, dealers said. The rupee was slightly low as it shed five-paisa for buying and four-paisa for selling.
Published 25 Jan, 2012 12:00am
Swiss return 1.4 billion euros in seized Arab Spring assets

Swiss return 1.4 billion euros in seized Arab Spring assets

Switzerland said Tuesday it has returned nearly 1.7 billion Swiss francs (1.41 billion euros, $1.83 billion) in illicitly placed assets to countries involved in the Arab Spring regime changes. "The return of illicit assets is a key component of the system
Published 25 Jan, 2012 12:00am
THE RUPEE: range-bound in interbank deals

THE RUPEE: range-bound in interbank deals

The exchange rates on the currency market moved in interbank in a narrow range on Tuesday, dealers said. The rupee was slightly low as it shed five-paisa for buying and four-paisa for selling.
Published 25 Jan, 2012 12:00am
Munter calls on Hina

Munter calls on Hina

United States Ambassador to Pakistan Cameron Munter on Tuesday called on Foreign Minister Hina Rabbani Khar and discussed the current state of bilateral relations. Besides discussing mutual relations, sources said that they also deliberated on matters inc
Published 25 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Munter calls on Hina

Munter calls on Hina

United States Ambassador to Pakistan Cameron Munter on Tuesday called on Foreign Minister Hina Rabbani Khar and discussed the current state of bilateral relations. Besides discussing mutual relations, sources said that they also deliberated on matters inc
Published 25 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
JMC meeting with Turkey postponed

JMC meeting with Turkey postponed

Pakistan on Tuesday night put off the annual Joint Ministerial Commission''s (JMC) meeting with Turkey scheduled for Wednesday (today) because the Commerce Minister Makhdoom Amin Fahim and Secretary Commerce, Zafar Mahmmood were inexplicably not allowed t
Published 25 Jan, 2012 12:00am
JMC meeting with Turkey postponed

JMC meeting with Turkey postponed

Pakistan on Tuesday night put off the annual Joint Ministerial Commission's (JMC) meeting with Turkey scheduled for Wednesday (today) because the Commerce Minister Makhdoom Amin Fahim and Secretary Commerce, Zafar Mahmmood were inexplicably not allowed to
Published 25 Jan, 2012 12:00am
JMC meeting with Turkey postponed

JMC meeting with Turkey postponed

Pakistan on Tuesday night put off the annual Joint Ministerial Commission's (JMC) meeting with Turkey scheduled for Wednesday (today) because the Commerce Minister Makhdoom Amin Fahim and Secretary Commerce, Zafar Mahmmood were inexplicably not allowed to
Published 25 Jan, 2012 12:00am
Romney records show 2010 tax rate of just 13.9 percent

Romney records show 2010 tax rate of just 13.9 percent

Republican presidential hopeful Mitt Romney released tax records Tuesday showing he made more than $20 million in each of the past two years and paid just 13.9 percent in taxes in 2010 - a far lower rate than the average American. Romney reported income o
Published 25 Jan, 2012 12:00am
Romney records show 2010 tax rate of just 13.9 percent

Romney records show 2010 tax rate of just 13.9 percent

Republican presidential hopeful Mitt Romney released tax records Tuesday showing he made more than $20 million in each of the past two years and paid just 13.9 percent in taxes in 2010 - a far lower rate than the average American. Romney reported income o
Published 25 Jan, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Jan, 2012 12:00am
Romney records show 2010 tax rate of just 13.9 percent

Romney records show 2010 tax rate of just 13.9 percent

Republican presidential hopeful Mitt Romney released tax records Tuesday showing he made more than $20 million in each of the past two years and paid just 13.9 percent in taxes in 2010 - a far lower rate than the average American. Romney reported income o
Published 25 Jan, 2012 12:00am
Board meetings in progress

Board meetings in progress

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

Published 25 Jan, 2012 12:00am
Ban warns UN disarmament conference may sink

Ban warns UN disarmament conference may sink

UN Secretary General Ban Ki-moon warned Tuesday that the UN Conference on Disarmament could fail because of a three-year stalemate over Pakistan's reluctance to discuss nuclear power. "Today, this distinguished body is no longer living up to expectations,
Published 25 Jan, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Jan, 2012 12:00am
Ban warns UN disarmament conference may sink

Ban warns UN disarmament conference may sink

UN Secretary General Ban Ki-moon warned Tuesday that the UN Conference on Disarmament could fail because of a three-year stalemate over Pakistan's reluctance to discuss nuclear power. "Today, this distinguished body is no longer living up to expectations,
Published 25 Jan, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 25 Jan, 2012 12:00am
Erdogan calls Gilani

Erdogan calls Gilani

Turkish Prime Minister Recep Tayyip Erdogan Tuesday phoned Prime Minister Syed Yusuf Raza Gilani and said that he (Gilani) will be received by the Governor Istanbul when his aircraft will make technical stopover at Istanbul Airport on his way to Davos to
Published 25 Jan, 2012 12:00am
Erdogan calls Gilani

Erdogan calls Gilani

Turkish Prime Minister Recep Tayyip Erdogan Tuesday phoned Prime Minister Syed Yusuf Raza Gilani and said that he (Gilani) will be received by the Governor Istanbul when his aircraft will make technical stopover at Istanbul Airport on his way to Davos to
Published 25 Jan, 2012 12:00am
Erdogan calls Gilani

Erdogan calls Gilani

Turkish Prime Minister Recep Tayyip Erdogan Tuesday phoned Prime Minister Syed Yusuf Raza Gilani and said that he (Gilani) will be received by the Governor Istanbul when his aircraft will make technical stopover at Istanbul Airport on his way to Davos to
Published 25 Jan, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 Jan, 2012 12:00am
Body to act in accordance with law if Ijaz doesn't show up: Rabbani

Body to act in accordance with law if Ijaz doesn't show up: Rabbani

Parliamentary Committee on National Security has declared that it will act according to law of the land if Mansoor Ijaz, the main character in Memogate scandal, fails to appear before the panel on January 26. The multi-party parliamentary panel, which met
Published 25 Jan, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Body to act in accordance with law if Ijaz doesn't show up: Rabbani

Body to act in accordance with law if Ijaz doesn't show up: Rabbani

Parliamentary Committee on National Security has declared that it will act according to law of the land if Mansoor Ijaz, the main character in Memogate scandal, fails to appear before the panel on January 26. The multi-party parliamentary panel, which met
Published 25 Jan, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Army, ISI chiefs meet Prime Minister

Army, ISI chiefs meet Prime Minister

Army and intelligence chiefs met with the Prime Minister Syed Yousuf Raza Gilani on Tuesday, PTV reported. Tensions are running high over a mysterious memo, allegedly drafted on the direction of the former ambassador to Washington, Husain Haqqani which as
Published 25 Jan, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Army, ISI chiefs meet Prime Minister

Army, ISI chiefs meet Prime Minister

Army and intelligence chiefs met with the Prime Minister Syed Yousuf Raza Gilani on Tuesday, PTV reported. Tensions are running high over a mysterious memo, allegedly drafted on the direction of the former ambassador to Washington, Husain Haqqani which as
Published 25 Jan, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Identification of real flood victims: SBP asked to provide details

Identification of real flood victims: SBP asked to provide details

The Ministry of Finance has reportedly requested the State Bank of Pakistan (SBP) for identification of actual affectees of flood 2010 along with the exact amount of 50 percent loans to traders and rice millers to be waived by the government, it is learnt
Published 25 Jan, 2012 12:00am
Identification of real flood victims: SBP asked to provide details

Identification of real flood victims: SBP asked to provide details

The Ministry of Finance has reportedly requested the State Bank of Pakistan (SBP) for identification of actual affectees of flood 2010 along with the exact amount of 50 percent loans to traders and rice millers to be waived by the government, it is learnt
Published 25 Jan, 2012 12:00am
Identification of real flood victims: SBP asked to provide details

Identification of real flood victims: SBP asked to provide details

The Ministry of Finance has reportedly requested the State Bank of Pakistan (SBP) for identification of actual affectees of flood 2010 along with the exact amount of 50 percent loans to traders and rice millers to be waived by the government, it is learnt
Published 25 Jan, 2012 12:00am
Iran summons Danish envoy to protest EU oil embargo

Iran summons Danish envoy to protest EU oil embargo

Iran on Tuesday summoned the Danish envoy, whose nation currently holds the rotating presidency of the European Union, after the 27-nation bloc moved to impose an embargo on Iranian oil exports, media reported. A statement carried by official media said t
Published 25 Jan, 2012 12:00am
Iran summons Danish envoy to protest EU oil embargo

Iran summons Danish envoy to protest EU oil embargo

Iran on Tuesday summoned the Danish envoy, whose nation currently holds the rotating presidency of the European Union, after the 27-nation bloc moved to impose an embargo on Iranian oil exports, media reported. A statement carried by official media said t
Published 25 Jan, 2012 12:00am
Iran summons Danish envoy to protest EU oil embargo

Iran summons Danish envoy to protest EU oil embargo

Iran on Tuesday summoned the Danish envoy, whose nation currently holds the rotating presidency of the European Union, after the 27-nation bloc moved to impose an embargo on Iranian oil exports, media reported. A statement carried by official media said t
Published 25 Jan, 2012 12:00am
Government sector borrowing mounts to new high of Rs 3.7 trillion

Government sector borrowing mounts to new high of Rs 3.7 trillion

The government''s reliance on the banking industry has been gradually increasing, followed by higher fiscal deficit, and credit to government sector has registered a remarkable rise of 24 percent to the level of Rs 3.7 trillion during the first half of cu
Published 25 Jan, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (January 24, 2012).

Published 25 Jan, 2012 12:00am
Government sector borrowing mounts to new high of Rs 3.7 trillion

Government sector borrowing mounts to new high of Rs 3.7 trillion

The government's reliance on the banking industry has been gradually increasing, followed by higher fiscal deficit, and credit to government sector has registered a remarkable rise of 24 percent to the level of Rs 3.7 trillion during the first half of cur
Published 25 Jan, 2012 12:00am
Government sector borrowing mounts to new high of Rs 3.7 trillion

Government sector borrowing mounts to new high of Rs 3.7 trillion

The government's reliance on the banking industry has been gradually increasing, followed by higher fiscal deficit, and credit to government sector has registered a remarkable rise of 24 percent to the level of Rs 3.7 trillion during the first half of cur
Published 25 Jan, 2012 12:00am
Mahmood Alam to look after FBR Chairman''s charge

Mahmood Alam to look after FBR Chairman''s charge

The federal government has deputed Mahmood Alam to look after the charge of Chairman of Federal Board of Revenue (FBR). Sources told Business Recorder here on Tuesday that the Establishment Division has issued the notification of ''look after'' cha
Published 25 Jan, 2012 12:00am
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