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Print - 2012-04-07
BRIndex30 down 2.87 points

BRIndex30 down 2.87 points

On Friday, BRIndex30 opened at 10,574.13. It touched an intraday high of 10,705.66 and an intraday low of 10,550.88 and closed at 10,571.26 which was -2.87 points or -0.03 percent lower than previous close. Total volume was 291,163,066, which was 67.24 pe
Published 07 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (April 06, 2012).

Published 07 Apr, 2012 12:00am
BRIndex30 down 2.87 points

BRIndex30 down 2.87 points

On Friday, BRIndex30 opened at 10,574.13. It touched an intraday high of 10,705.66 and an intraday low of 10,550.88 and closed at 10,571.26 which was -2.87 points or -0.03 percent lower than previous close. Total volume was 291,163,066, which was 67.24 pe
Published 07 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (April 06, 2012).

Published 07 Apr, 2012 12:00am
Intraday trade: index breaches milestone

Intraday trade: index breaches milestone

Supported by buying in cement and banking sectors, the Karachi share market on Friday closed on a positive note. During intraday trading, the KSE-100 index crossed 14,000 level, which is almost after 4 years or 47 months as previously on May 16, 2008 the
Published 07 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (April 06, 2012).

Published 07 Apr, 2012 12:00am
Intraday trade: index breaches milestone

Intraday trade: index breaches milestone

Supported by buying in cement and banking sectors, the Karachi share market on Friday closed on a positive note. During intraday trading, the KSE-100 index crossed 14,000 level, which is almost after 4 years or 47 months as previously on May 16, 2008 the
Published 07 Apr, 2012 12:00am
Intraday trade: index breaches milestone

Intraday trade: index breaches milestone

Supported by buying in cement and banking sectors, the Karachi share market on Friday closed on a positive note. During intraday trading, the KSE-100 index crossed 14,000 level, which is almost after 4 years or 47 months as previously on May 16, 2008 the
Published 07 Apr, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (April 06, 2012).

Published 07 Apr, 2012 12:00am
Filling stations: CNG quota to be fixed on monthly basis, says Asim

Filling stations: CNG quota to be fixed on monthly basis, says Asim

Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain on Friday said that Compressed Natural Gas (CNG) quota for filling stations would be fixed on a monthly basis to address gas shortage issues. Talking to Pakistan Television, he said tha
Published 07 Apr, 2012 12:00am
Filling stations: CNG quota to be fixed on monthly basis, says Asim

Filling stations: CNG quota to be fixed on monthly basis, says Asim

Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain on Friday said that Compressed Natural Gas (CNG) quota for filling stations would be fixed on a monthly basis to address gas shortage issues. Talking to Pakistan Television, he said tha
Published 07 Apr, 2012 12:00am
Filling stations: CNG quota to be fixed on monthly basis, says Asim

Filling stations: CNG quota to be fixed on monthly basis, says Asim

Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain on Friday said that Compressed Natural Gas (CNG) quota for filling stations would be fixed on a monthly basis to address gas shortage issues. Talking to Pakistan Television, he said tha
Published 07 Apr, 2012 12:00am
Polio vaccination certificate made mandatory for petitioners

Polio vaccination certificate made mandatory for petitioners

Chief Justice of Peshawar High Court (PHC) Justice Dost Muhammad Khan in a suo motu notice of new polio cases, has asked the petitioners to submit a certificate of polio vaccination to his/her children along with petition's copy. During the court proceedi
Published 07 Apr, 2012 12:00am
Polio vaccination certificate made mandatory for petitioners

Polio vaccination certificate made mandatory for petitioners

Chief Justice of Peshawar High Court (PHC) Justice Dost Muhammad Khan in a suo motu notice of new polio cases, has asked the petitioners to submit a certificate of polio vaccination to his/her children along with petition's copy. During the court proceedi
Published 07 Apr, 2012 12:00am
PCNS hits snag as JUI-F announces boycott

PCNS hits snag as JUI-F announces boycott

The Parliamentary Committee on National Security (PCNS), which is in the process of finalising the new terms of engagement with the US, on Friday faced a setback when Jamiat Ulema-e-Islam (JUI-F) announced the boycott of proceedings, saying that the gover
Published 07 Apr, 2012 12:00am
PCNS hits snag as JUI-F announces boycott

PCNS hits snag as JUI-F announces boycott

The Parliamentary Committee on National Security (PCNS), which is in the process of finalising the new terms of engagement with the US, on Friday faced a setback when Jamiat Ulema-e-Islam (JUI-F) announced the boycott of proceedings, saying that the gover
Published 07 Apr, 2012 12:00am
US charges six with insider trading

US charges six with insider trading

The US government froze the assets of six Chinese citizens and one company charged with trading on confidential information that a China-based pork processor, Zhongpin Inc, was about to go private. The US Securities and Exchange Commission on Friday said
Published 07 Apr, 2012 12:00am
US charges six with insider trading

US charges six with insider trading

The US government froze the assets of six Chinese citizens and one company charged with trading on confidential information that a China-based pork processor, Zhongpin Inc, was about to go private. The US Securities and Exchange Commission on Friday said
Published 07 Apr, 2012 12:00am
US charges six with insider trading

US charges six with insider trading

The US government froze the assets of six Chinese citizens and one company charged with trading on confidential information that a China-based pork processor, Zhongpin Inc, was about to go private. The US Securities and Exchange Commission on Friday said
Published 07 Apr, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (April 06, 2012).

Published 07 Apr, 2012 12:00am
Undisclosed assets legalisation: FBR empowered to offer amnesty scheme

Undisclosed assets legalisation: FBR empowered to offer amnesty scheme

The Federal Board of Revenue is legally empowered to offer amnesty scheme for the legalisation of the undisclosed assets and income as and when required by the government under section 120A of the Income Tax Ordinance 2001. Tax experts told Business Re
Published 07 Apr, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (April 06, 2012).
Published 07 Apr, 2012 12:00am
Undisclosed assets legalisation: FBR empowered to offer amnesty scheme

Undisclosed assets legalisation: FBR empowered to offer amnesty scheme

The Federal Board of Revenue is legally empowered to offer amnesty scheme for the legalisation of the undisclosed assets and income as and when required by the government under section 120A of the Income Tax Ordinance 2001. Tax experts told Business Re
Published 07 Apr, 2012 12:00am
Undisclosed assets legalisation: FBR empowered to offer amnesty scheme

Undisclosed assets legalisation: FBR empowered to offer amnesty scheme

The Federal Board of Revenue is legally empowered to offer amnesty scheme for the legalisation of the undisclosed assets and income as and when required by the government under section 120A of the Income Tax Ordinance 2001. Tax experts told Business Re
Published 07 Apr, 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 Friday (April 06, 2012).

Published 07 Apr, 2012 12:00am
National Saving Schemes: ECC allows institutional investment

National Saving Schemes: ECC allows institutional investment

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed institutional investment in National Saving Schemes with a view to meeting government''s growing requirements of borrowing. An official, who requested anonymity, said the decision of th
Published 07 Apr, 2012 12:00am
National Saving Schemes: ECC allows institutional investment

National Saving Schemes: ECC allows institutional investment

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed institutional investment in National Saving Schemes with a view to meeting government's growing requirements of borrowing. An official, who requested anonymity, said the decision of the
Published 07 Apr, 2012 12:00am
National Saving Schemes: ECC allows institutional investment

National Saving Schemes: ECC allows institutional investment

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed institutional investment in National Saving Schemes with a view to meeting government's growing requirements of borrowing. An official, who requested anonymity, said the decision of the
Published 07 Apr, 2012 12:00am
Gilani for video-conferencing facility

Gilani for video-conferencing facility

Prime Minister Syed Yousuf Raza Gilani on Friday said the government will provide maximum relief to common man in the next budget for fiscal year 2012-13. "The Ministry of Finance has been directed to provide maximum relief to common man in the forthcomin
Published 07 Apr, 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 Friday (April 06, 2012).

Published 07 Apr, 2012 12:00am
Gilani for video-conferencing facility

Gilani for video-conferencing facility

Prime Minister Syed Yousuf Raza Gilani on Friday said the government will provide maximum relief to common man in the next budget for fiscal year 2012-13. "The Ministry of Finance has been directed to provide maximum relief to common man in the forthcomin
Published 07 Apr, 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 Friday (April 06, 2012).

Published 07 Apr, 2012 12:00am
How to bring Haqqani back: Commission spells out three options

How to bring Haqqani back: Commission spells out three options

The judicial commission investigating the controversial memo on Friday directed the officials of Ministries of Foreign Affairs and Interior to appear before the commission on April 12 for consultation on three options to bring former Ambassador to the US
Published 07 Apr, 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 Friday (April 06, 2012).

Published 07 Apr, 2012 12:00am
How to bring Haqqani back: Commission spells out three options

How to bring Haqqani back: Commission spells out three options

The judicial commission investigating the controversial memo on Friday directed the officials of Ministries of Foreign Affairs and Interior to appear before the commission on April 12 for consultation on three options to bring former Ambassador to the US
Published 07 Apr, 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 07 Apr, 2012 12:00am
JSQM chairman Bashir Qureshi dies

JSQM chairman Bashir Qureshi dies

Chairman of Jeay Sindh Qaumi Mahaz (JSQM), Bashir Qureshi died of heart attack in the wee hours of Saturday morning in Sakrand, Sindh, Aaj News reported. He was 54.
Published 07 Apr, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Friday (April 06, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Published 07 Apr, 2012 12:00am
JSQM chairman Bashir Qureshi dies

JSQM chairman Bashir Qureshi dies

Chairman of Jeay Sindh Qaumi Mahaz (JSQM), Bashir Qureshi died of heart attack in the wee hours of Saturday morning in Sakrand, Sindh, Aaj News reported. He was 54.
Published 07 Apr, 2012 12:00am
BRIDGE NOTES: Like double dummy

BRIDGE NOTES: Like double dummy

Bridge has many dimensions. But in the ultimate analysis, it is the fine art of declarer play that makes the difference between defeat and victory. No sooner the dummy comes down after the opening lead, the declarer who has a wise head on his shoulders, c
Published 07 Apr, 2012 12:00am
ART FACTS: Saeed shows surprising dexterity

ART FACTS: Saeed shows surprising dexterity

A fellow of the National College of Arts, Lahore and a recipient of Presidents' Award for Pride of Performance (1994), Saeed Akhtar is among our celebrated master artists. He is also a recipient of Chughtai Award, First Biennial Exhibition, Lahore in 1987
Published 07 Apr, 2012 12:00am
KARACHI CHRONICLE: No greater sense

KARACHI CHRONICLE: No greater sense

If you plan to set out in the political jungle in search of the Government of Sindh, my advise is, do not waste your time. It does not exist; its an illusion. It would be as ridiculous as searching for a living breathing Zulfiqar Ali Bhutto just because s
Published 07 Apr, 2012 12:00am
Pathetic state of world fisheries

Pathetic state of world fisheries

Fisheries are an abundant source of proteins and other essential nutrients for maintaining good health, and are also a rich source of seafood and foreign exchange earning for countries with coastal belts and inland fishery facilities. However, a recent UN
Published 07 Apr, 2012 12:00am
Countering gender violence

Countering gender violence

Gender disparity and violence against women, particularly domestic violence as well as workplace harassment of women has become a major national issue in Pakistan, as elsewhere in the world, for which legislation has been enacted in almost all countries t
Published 07 Apr, 2012 12:00am
Europe cash cocoa differentials ease on good crop outlook

Europe cash cocoa differentials ease on good crop outlook

Price differentials in the European cash cocoa market eased this week as rains in top producer Ivory Coast improved its mid-crop outlook and dealers sold long positions. Ivory Coast differentials were about 80 pounds ($130) over London nearby cocoa future
Published 07 Apr, 2012 12:00am
Ugandan coffee exports below target in March

Ugandan coffee exports below target in March

Uganda exported a below-target 187,595 60-kg bags of coffee in March compared with 223,099 bags a year earlier as the harvest drew to an end, a source at the state-run Uganda Coffee Development Authority (UCDA) said on Thursday. "We had anticipated this d
Published 07 Apr, 2012 12:00am
US corn futures end firm on tight stocks

US corn futures end firm on tight stocks

Chicago Board of Trade corn futures closed firm on Thursday on tight stocks of corn and on spill-over buying from soaring soyabeans. Positioning was noted ahead of the long holiday weekend. CBOT futures markets will be closed on Good Friday, the annual Ea
Published 07 Apr, 2012 12:00am
FOB Gulf wheat, soyabean premiums firm

FOB Gulf wheat, soyabean premiums firm

Export premiums for soft red winter wheat at the US Gulf Coast were steady to firm on Thursday, supported by strong demand and tight old-crop supplies in the export pipeline, traders said. Egypt's GASC bought 115,000 tonnes of US SRW wheat via a tender on
Published 07 Apr, 2012 12:00am
Iran set to buy more grain; poor crop fuels stockpiling

Iran set to buy more grain; poor crop fuels stockpiling

Iran is at risk of a poor grain crop which could force it to look for more wheat imports in coming months as Western sanctions already disrupt its food imports, traders said on Thursday. Iran bought wheat on international markets at a frantic pace in Marc
Published 07 Apr, 2012 12:00am
US wheat futures close lower

US wheat futures close lower

Chicago Board of Trade wheat futures closed weak on Thursday on good crop weather in the US and improved crop weather in Europe. Some positioning was noted ahead of the long holiday weekend. CBOT markets will be closed Good Friday. Position-squaring was n
Published 07 Apr, 2012 12:00am
US Midwest bids hold on slow sales

US Midwest bids hold on slow sales

soyabean spot basis bids were largely steady across the US Midwest on Thursday, supported by steady end-user demand and a slowdown in country offerings, grain merchants said. Farmer sales of both crops remained seasonally slow as the growers worked fields
Published 07 Apr, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 107, 360 tonnes of cargo including 90,724 tonnes of import; 16,636 tonnes of export cargo and 2,240 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Friday. The total import
Published 07 Apr, 2012 12:00am
Cotton market: daily intake improves on buying by mills, exporters

Cotton market: daily intake improves on buying by mills, exporters

Some improvement was seen on the cotton market on Friday as mills and exporters try to cover the short-term needs, dealers said. The official spot rate was unchanged at Rs 5400, they added. Prices of seedcotton in Sindh were inert at Rs 1700-2300 and in t
Published 07 Apr, 2012 12:00am
Canadian canola futures close mostly up

Canadian canola futures close mostly up

Canadian canola futures finished mostly higher on Thursday, in choppy trade ahead of the weekend, but notched a slight weekly loss. Old-crop May and July months rose, and are trading at large premiums to new-crop months due to tight supplies and projectio
Published 07 Apr, 2012 12:00am
No change on grain market

No change on grain market

According to the grain and seed merchants group not a single change was seen on the wholesale grain and seed market on Friday. Because nearly all the participants were busy in preparations for Juma prayers.
Published 07 Apr, 2012 12:00am
Kurdish minister received UK market abuse emails

Kurdish minister received UK market abuse emails

Ashti Hawrami, oil minister of the semi-autonomous Kurdish region of Iraq, was the recipient of emails from a senior J.P. Morgan banker that the UK financial regulator this week said constituted market abuse, people familiar with the matter said. Ian Hann
Published 07 Apr, 2012 12:00am
Maoist rebels refuse to release Italian hostage

Maoist rebels refuse to release Italian hostage

Maoist rebels in India's eastern state of Orissa Friday refused to release an Italian hostage abducted over three weeks ago, even though the government offered a swap deal, media reports said. Authorities had Thursday offered to free 27 Maoist rebels and
Published 07 Apr, 2012 12:00am
Thousands rally for Salafist in Egypt vote

Thousands rally for Salafist in Egypt vote

Thousands of people rallied in central Cairo on Friday in support of a Salafist candidate who could be ruled out of Egypt's presidential election because his mother reportedly held US nationality. Under the country's electoral law, all candidates for the
Published 07 Apr, 2012 12:00am
Pope celebrates Good Friday in troubled times

Pope celebrates Good Friday in troubled times

Pope Benedict XVI led the world's Catholics in marking Good Friday amid a sense of growing concern over rebellion against the Church's dogmas and the fate of Christians in the Middle East. The pope is set to preside over a sung ceremony in St. Peter's Bas
Published 07 Apr, 2012 12:00am
US to send combat ships to Singapore for exercises

US to send combat ships to Singapore for exercises

Defence Secretary Leon Panetta announced plans Thursday to deploy combat ships to Singapore for joint exercises, which he said showed US commitment to the strategically vital Asia-Pacific region. The announcement came a day after Panetta met Singaporean D
Published 07 Apr, 2012 12:00am
China sentences woman to death for $16 million fund scam

China sentences woman to death for $16 million fund scam

A 30-year-old Chinese woman was sentenced to death by a court in Wenzhou for "cheating" investors of 100.11 million yuan ($16 million) losing 94 million yuan in futures and gold trading, the official Xinhua news agency reported on Friday. The death senten
Published 07 Apr, 2012 12:00am
Nato fuel tanker blaze kills 7 in Afghanistan

Nato fuel tanker blaze kills 7 in Afghanistan

Seven people were burnt to death in southern Afghanistan on Friday when a fuel tanker supplying a Nato base crashed and set their vehicle on fire, officials said. The security chief of Panjwayi district and the Kandahar police chief said there was no insu
Published 07 Apr, 2012 12:00am
Sahel countries to meet on Mali crisis

Sahel countries to meet on Mali crisis

Ministers from three of Mali's neighbours will meet Sunday to discuss the crisis in the country, where a Tuareg rebellion has declared independence of the north, Algerian media said. The APS news agency said Mali itself will not be represented at the talk
Published 07 Apr, 2012 12:00am
Mali's rebels declare independence in the north

Mali's rebels declare independence in the north

Mali's Tuareg rebels declared independence Friday in the north, splitting the coup-wracked country in two amid warnings the west African nation was on the brink of a humanitarian disaster. The African Union, the European Union, former colonial power Franc
Published 07 Apr, 2012 12:00am
Greek police hit media again during austerity protest

Greek police hit media again during austerity protest

A Greek photographer suffered a serious head injury from a police truncheon during an anti-austerity protest in another case of police brutality against media this week, a police source said Friday. Marios Lolos, a 46-year-old photographer working for the
Published 07 Apr, 2012 12:00am
Court rejects arrest plea for Turkish coup general

Court rejects arrest plea for Turkish coup general

A Turkish court on Friday rejected an appeal by prosecutors to arrest former general Kenan Evren, disappointing victims who had hoped the 94-year-old's detention would guarantee he appear in person to face charges of overthrowing democracy in a 1980 coup.
Published 07 Apr, 2012 12:00am
Chinese student dead after UK police car collision

Chinese student dead after UK police car collision

An investigation was underway Friday after a Chinese student died having been knocked down by an unmarked British police car. The 24-year-old, who has not been named, died in hospital Thursday after sustaining serious head and back injuries when he was st
Published 07 Apr, 2012 12:00am
Russia cuts 2012 growth forecast

Russia cuts 2012 growth forecast

Russia has cut its 2012 growth forecast, to 3.4 percent from 3.7 percent, a minister said Friday, as the oil dependent-economy will likely face headwinds later this year. "We have lowered our growth estimate to 3.4 percent from our previous estimate of 3.
Published 07 Apr, 2012 12:00am
Boeing pulls ahead of Airbus in first quarter

Boeing pulls ahead of Airbus in first quarter

Boeing overtook Airbus in deliveries in the first quarter, setting itself on course to recapture the coveted number one spot in annual aircraft production for the first time since 2002, company data showed this week. European planemaker Airbus said on Fri
Published 07 Apr, 2012 12:00am
EU plays down financial impact of carbon tax on airlines

EU plays down financial impact of carbon tax on airlines

The EU's climate commissioner played down the impact of the controversial carbon tax being imposed by the bloc on airlines, saying Friday it would cost less than a cup of coffee per passenger. With the tax, sharply criticised by China and the United State
Published 07 Apr, 2012 12:00am
Adidas to cut product range by 25 percent

Adidas to cut product range by 25 percent

German sportswear group Adidas plans to slash the number of products it offers by a quarter to improve its profitability, Chief Executive Herbert Hainer told a newspaper. "We just have too many products," Frankfurter Allgemeine Zeitung quoted Hainer as sa
Published 07 Apr, 2012 12:00am
UK finance salaries drop, vacancies wane

UK finance salaries drop, vacancies wane

The average starting salary for senior workers in the UK financial sector fell 16.5 percent from February to March, the biggest such drop in a year as the number of vacancies slumped compared with a year ago, according to a report. Job vacancies at banks,
Published 07 Apr, 2012 12:00am