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Print - 2012-03-22
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
Local election a distraction during Merkel's debt battle

Local election a distraction during Merkel's debt battle

The last thing that Angela Merkel would have wanted as she battles to bring Europe's debt crisis under control is to be facing a test of her domestic political strength. But starting this Sunday, the German chancellor finds herself facing three unplanned
Published 22 Mar, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
Real income, inflationary gaps and stabilisation policies

Real income, inflationary gaps and stabilisation policies

Imbalances in the budgetary arrangements of developing countries lead to unemployment and inflationary gaps lead to many social problems. These symptoms tell the tale of gaps in the stabilisation polices of the government. The subject requires serious stu
Published 22 Mar, 2012 12:00am
VIEWPOINT: The matter of a letter

VIEWPOINT: The matter of a letter

So Prime Minister Yousuf Raza Gilani is getting ready to become a martyr to corruption. Facing a contempt case for not writing a letter to Swiss authorities that would revive a $60 million thievery case involving his party chief and President of the Islam
Published 22 Mar, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
Can budget shake off economic gloom?

Can budget shake off economic gloom?

Though the second quarterly report is late and the tone is somewhat subdued yet the message from the State Bank is very clear. According to its assessment in the second quarterly report for FY12 released on 20th March, risks to macroeconomic stability had
Published 22 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
India asks Iran to bear oil insurance risk amid sanctions

India asks Iran to bear oil insurance risk amid sanctions

Indian oil buyers are asking Iran to bear the insurance risk for transporting its crude as tighter Western sanctions make it more difficult to buy Tehran''s principal export, industry sources said on Wednesday. The number of maritime firms willing to tran
Published 22 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
India asks Iran to bear oil insurance risk amid sanctions

India asks Iran to bear oil insurance risk amid sanctions

Indian oil buyers are asking Iran to bear the insurance risk for transporting its crude as tighter Western sanctions make it more difficult to buy Tehran's principal export, industry sources said on Wednesday. The number of maritime firms willing to trans
Published 22 Mar, 2012 12:00am
India asks Iran to bear oil insurance risk amid sanctions

India asks Iran to bear oil insurance risk amid sanctions

Indian oil buyers are asking Iran to bear the insurance risk for transporting its crude as tighter Western sanctions make it more difficult to buy Tehran's principal export, industry sources said on Wednesday. The number of maritime firms willing to trans
Published 22 Mar, 2012 12:00am
PIA files lawsuit against TI Pakistan

PIA files lawsuit against TI Pakistan

PIA has filed a Law Suit No 232/2012 against Transparency International Pakistan and 17 others for permanent injunction in High Court of Sindh at Karachi for restraining "continuing malicious and baseless campaign" regarding purchase of five aircraft from
Published 22 Mar, 2012 12:00am
THE RUPEE: slight change

THE RUPEE: slight change

The rupee fell slightly against the dollar on the interbank market on Wednesday, while it showed no change on the open market in process of trading, dealers said. The rupee continued its decline in relation to the dollar, shedding three paisa for buying a
Published 22 Mar, 2012 12:00am
PIA files lawsuit against TI Pakistan

PIA files lawsuit against TI Pakistan

PIA has filed a Law Suit No 232/2012 against Transparency International Pakistan and 17 others for permanent injunction in High Court of Sindh at Karachi for restraining "continuing malicious and baseless campaign" regarding purchase of five aircraft from
Published 22 Mar, 2012 12:00am
THE RUPEE: slight change

THE RUPEE: slight change

The rupee fell slightly against the dollar on the interbank market on Wednesday, while it showed no change on the open market in process of trading, dealers said. The rupee continued its decline in relation to the dollar, shedding three paisa for buying a
Published 22 Mar, 2012 12:00am
PIA files lawsuit against TI Pakistan

PIA files lawsuit against TI Pakistan

PIA has filed a Law Suit No 232/2012 against Transparency International Pakistan and 17 others for permanent injunction in High Court of Sindh at Karachi for restraining "continuing malicious and baseless campaign" regarding purchase of five aircraft from
Published 22 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
Haqqani confirms he spoke to Ijaz soon after May 2 US operation

Haqqani confirms he spoke to Ijaz soon after May 2 US operation

Former ambassador to the US, Hussain Haqqani, on Wednesday submitted his reply to the judicial commission investigating the Memo scandal. Haqqani denied all allegations levelled by US businessman Mansoor Ijaz in his testimony and 'evidence' that he submit
Published 22 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
Haqqani confirms he spoke to Ijaz soon after May 2 US operation

Haqqani confirms he spoke to Ijaz soon after May 2 US operation

Former ambassador to the US, Hussain Haqqani, on Wednesday submitted his reply to the judicial commission investigating the Memo scandal. Haqqani denied all allegations levelled by US businessman Mansoor Ijaz in his testimony and 'evidence' that he submit
Published 22 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
Bank of Tokyo-Mitsubishi allowed to work as NMI

Bank of Tokyo-Mitsubishi allowed to work as NMI

The SBP on Wednesday allowed The Bank of Tokyo-Mitsubishi UFJ, Ltd to conduct derivatives business (FX Options only) as Non-Market Maker Financial Institution (NMI), says DMMD Circular No 05. It may be pointed out that six banks including Citibank, Deutsc
Published 22 Mar, 2012 12:00am
Bank of Tokyo-Mitsubishi allowed to work as NMI

Bank of Tokyo-Mitsubishi allowed to work as NMI

The SBP on Wednesday allowed The Bank of Tokyo-Mitsubishi UFJ, Ltd to conduct derivatives business (FX Options only) as Non-Market Maker Financial Institution (NMI), says DMMD Circular No 05. It may be pointed out that six banks including Citibank, Deutsc
Published 22 Mar, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
Bank of Tokyo-Mitsubishi allowed to work as NMI

Bank of Tokyo-Mitsubishi allowed to work as NMI

The SBP on Wednesday allowed The Bank of Tokyo-Mitsubishi UFJ, Ltd to conduct derivatives business (FX Options only) as Non-Market Maker Financial Institution (NMI), says DMMD Circular No 05. It may be pointed out that six banks including Citibank, Deutsc
Published 22 Mar, 2012 12:00am
ISE sheds 47.68 points

ISE sheds 47.68 points

Bears dominated the proceedings on 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 47.68 points as the ISE Ten Index moved from 2,790.39 to 2,742.71
Published 22 Mar, 2012 12:00am
ISE sheds 47.68 points

ISE sheds 47.68 points

Bears dominated the proceedings on 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 47.68 points as the ISE Ten Index moved from 2,790.39 to 2,742.71
Published 22 Mar, 2012 12:00am
LSE gains 40.68 points

LSE gains 40.68 points

Equities on Wednesday moved both ways on the Lahore Stock Exchange and finally stayed in positive zone amid improved trading turnover due to investors' buying interest in select shares. The LSE-25 index gained 40.68 points and was closed at 3485.57 agains
Published 22 Mar, 2012 12:00am
LSE gains 40.68 points

LSE gains 40.68 points

Equities on Wednesday moved both ways on the Lahore Stock Exchange and finally stayed in positive zone amid improved trading turnover due to investors' buying interest in select shares. The LSE-25 index gained 40.68 points and was closed at 3485.57 agains
Published 22 Mar, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 22 Mar, 2012 12:00am
Relations must have ownership of Pakistani people: Khar

Relations must have ownership of Pakistani people: Khar

Foreign Minister Hina Rabbani Khar has underscored Islamabad wants to build a relationship with the United States which has the ownership of Pakistani people and that it works for both sides in a way that is respectful of Pakistani sovereignty.
Published 22 Mar, 2012 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.
Published 22 Mar, 2012 12:00am
Relations must have ownership of Pakistani people: Khar

Relations must have ownership of Pakistani people: Khar

Foreign Minister Hina Rabbani Khar has underscored Islamabad wants to build a relationship with the United States which has the ownership of Pakistani people and that it works for both sides in a way that is respectful of Pakistani sovereignty.
Published 22 Mar, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 22 Mar, 2012 12:00am
''''External assistance cannot solve domestic problem''''

''''External assistance cannot solve domestic problem''''

United States Ambassador in Pakistan, Cameron Munter has said that the attack on Salala check post was unintentional and unfortunate, which must be stopped in future. He said Pak-US relations should be based on mutual interest and respect, saying America
Published 22 Mar, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.
Published 22 Mar, 2012 12:00am
''External assistance cannot solve domestic problem''

''External assistance cannot solve domestic problem''

United States Ambassador in Pakistan, Cameron Munter has said that the attack on Salala check post was unintentional and unfortunate, which must be stopped in future. He said Pak-US relations should be based on mutual interest and respect, saying America
Published 22 Mar, 2012 12:00am
'External assistance cannot solve domestic problem'

'External assistance cannot solve domestic problem'

United States Ambassador in Pakistan, Cameron Munter has said that the attack on Salala check post was unintentional and unfortunate, which must be stopped in future. He said Pak-US relations should be based on mutual interest and respect, saying America
Published 22 Mar, 2012 12:00am
'External assistance cannot solve domestic problem'

'External assistance cannot solve domestic problem'

United States Ambassador in Pakistan, Cameron Munter has said that the attack on Salala check post was unintentional and unfortunate, which must be stopped in future. He said Pak-US relations should be based on mutual interest and respect, saying America
Published 22 Mar, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 22 Mar, 2012 12:00am
BRIndex30 up 72.39 points

BRIndex30 up 72.39 points

On Wednesday, BRIndex30 opened at 9,983.8 and remained positive throughout the trading session. It touched an intraday high of 10,154.02 and an intraday low of 10,024.83 and closed at 10,056.19 which was 72.39 points or 0.73 percent higher than previous c
Published 22 Mar, 2012 12:00am
BRIndex30 up 72.39 points

BRIndex30 up 72.39 points

On Wednesday, BRIndex30 opened at 9,983.8 and remained positive throughout the trading session. It touched an intraday high of 10,154.02 and an intraday low of 10,024.83 and closed at 10,056.19 which was 72.39 points or 0.73 percent higher than previous c
Published 22 Mar, 2012 12:00am
Index down 10.21 points

Index down 10.21 points

After moving both sides, the KSE-100 index on Wednesday finally closed at 13,293.12 points, down 10.21 points due to profit taking in late hours. The market opened on a strong positive note and the index hit 13,399.39 points intra-day high level. However,
Published 22 Mar, 2012 12:00am
Index down 10.21 points

Index down 10.21 points

After moving both sides, the KSE-100 index on Wednesday finally closed at 13,293.12 points, down 10.21 points due to profit taking in late hours. The market opened on a strong positive note and the index hit 13,399.39 points intra-day high level. However,
Published 22 Mar, 2012 12:00am
Index down 10.21 points

Index down 10.21 points

After moving both sides, the KSE-100 index on Wednesday finally closed at 13,293.12 points, down 10.21 points due to profit taking in late hours. The market opened on a strong positive note and the index hit 13,399.39 points intra-day high level. However,
Published 22 Mar, 2012 12:00am
Negative list regime: SRO effecting trade with India issued

Negative list regime: SRO effecting trade with India issued

The ministry of commerce on Wednesday issued the Statutory Regulatory Order (SRO) to trade with India in the negative list regime. According to the notification as many as 1209 items have been included in the negative list and would not be importable from
Published 22 Mar, 2012 12:00am
Negative list regime: SRO effecting trade with India issued

Negative list regime: SRO effecting trade with India issued

The ministry of commerce on Wednesday issued the Statutory Regulatory Order (SRO) to trade with India in the negative list regime. According to the notification as many as 1209 items have been included in the negative list and would not be importable from
Published 22 Mar, 2012 12:00am
Negative list regime: SRO effecting trade with India issued

Negative list regime: SRO effecting trade with India issued

The ministry of commerce on Wednesday issued the Statutory Regulatory Order (SRO) to trade with India in the negative list regime. According to the notification as many as 1209 items have been included in the negative list and would not be importable from
Published 22 Mar, 2012 12:00am
Afghan mine bonanza: India eyes Pakistan for access

Afghan mine bonanza: India eyes Pakistan for access

India will explore a route through rival Pakistan to transport iron ore from Afghanistan, the head of a consortium involved in the $11 billion project said, hoping that economic benefits will outweigh political hostility.
Published 22 Mar, 2012 12:00am
Afghan mine bonanza: India eyes Pakistan for access

Afghan mine bonanza: India eyes Pakistan for access

India will explore a route through rival Pakistan to transport iron ore from Afghanistan, the head of a consortium involved in the $11 billion project said, hoping that economic benefits will outweigh political hostility.
Published 22 Mar, 2012 12:00am
Afghan mine bonanza: India eyes Pakistan for access

Afghan mine bonanza: India eyes Pakistan for access

India will explore a route through rival Pakistan to transport iron ore from Afghanistan, the head of a consortium involved in the $11 billion project said, hoping that economic benefits will outweigh political hostility.
Published 22 Mar, 2012 12:00am
Jamadi-ul-Awwal moon may be sighted tomorrow

Jamadi-ul-Awwal moon may be sighted tomorrow

The new Jamadi-ul-Awwal moon may be sighted tomorrow (Friday), according to astronomical parameters. Therefore, the first of Jamadi-ul-Awwal, 1433 AH may fall on Saturday. The moon will cross the conjunction line today (Thursday) at 1937 Pakistan Standard
Published 22 Mar, 2012 12:00am
Jamadi-ul-Awwal moon may be sighted tomorrow

Jamadi-ul-Awwal moon may be sighted tomorrow

The new Jamadi-ul-Awwal moon may be sighted tomorrow (Friday), according to astronomical parameters. Therefore, the first of Jamadi-ul-Awwal, 1433 AH may fall on Saturday. The moon will cross the conjunction line today (Thursday) at 1937 Pakistan Standard
Published 22 Mar, 2012 12:00am
Prime Minister cannot write letter, insists Aitzaz

Prime Minister cannot write letter, insists Aitzaz

Appearing before the Supreme Court in a contempt of court case against premier Syed Yousuf Raza Gilani Wednesday - his counsel Aitzaz Ahsan reiterated that Gilani never defied the court orders, but he cannot write a letter to Swiss authorities to reopen g
Published 22 Mar, 2012 12:00am
Prime Minister cannot write letter, insists Aitzaz

Prime Minister cannot write letter, insists Aitzaz

Appearing before the Supreme Court in a contempt of court case against premier Syed Yousuf Raza Gilani Wednesday - his counsel Aitzaz Ahsan reiterated that Gilani never defied the court orders, but he cannot write a letter to Swiss authorities to reopen g
Published 22 Mar, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
World Bank approves $1 billion to boost power

World Bank approves $1 billion to boost power

The World Bank on Tuesday approved a $1 billion loan to Pakistan to boost electricity supply and improve farm irrigation methods, the global development lender said. The bank said $840 million of the loan will help boost capacity at the Tarbela hydro powe
Published 22 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
World Bank approves $1 billion to boost power

World Bank approves $1 billion to boost power

The World Bank on Tuesday approved a $1 billion loan to Pakistan to boost electricity supply and improve farm irrigation methods, the global development lender said. The bank said $840 million of the loan will help boost capacity at the Tarbela hydro powe
Published 22 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
World Bank approves $1 billion to boost power

World Bank approves $1 billion to boost power

The World Bank on Tuesday approved a $1 billion loan to Pakistan to boost electricity supply and improve farm irrigation methods, the global development lender said. The bank said $840 million of the loan will help boost capacity at the Tarbela hydro powe
Published 22 Mar, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Wednesday (March 21, 2012).
Published 22 Mar, 2012 12:00am
Wheat, rice exports to Iran yet to finalise

Wheat, rice exports to Iran yet to finalise

Pakistan is yet to finalise its plan to export one million tons of wheat and 0.2 million tons of rice to Iran in lieu of oil and other goods under barter trade arrangements, well informed official sources told Business Recorder.
Published 22 Mar, 2012 12:00am
Wheat, rice exports to Iran yet to finalise

Wheat, rice exports to Iran yet to finalise

Pakistan is yet to finalise its plan to export one million tons of wheat and 0.2 million tons of rice to Iran in lieu of oil and other goods under barter trade arrangements, well informed official sources told Business Recorder.
Published 22 Mar, 2012 12:00am