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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-04-23
Midstates Petroleum makes modest debut

Midstates Petroleum makes modest debut

Midstates Petroleum Co Inc's shares closed 15 percent above their offer price, capping a week that saw the US IPO market get a much needed boost with three impressive debuts. The IPO market has been marked by poor pricing, pulled deals and delayed offerin
Published 23 Apr, 2012 12:00am
Global markets week ahead: growth versus inflation debate sharpens

Global markets week ahead: growth versus inflation debate sharpens

Two key central bank meetings and a string of big data releases in the coming week should sharpen the debate over slowing growth and rising inflation risks, and may shake the markets out of the doldrums which followed a bumper first quarter for asset pric
Published 23 Apr, 2012 12:00am
Britain to probe claims its spies betrayed Qadhafi opponents

Britain to probe claims its spies betrayed Qadhafi opponents

Britain said on Sunday it would "take seriously" claims that British spies worked with Libyan counterparts to betray opponents of Muammar Qadhafi and lure al-Qaeda militants to a radical mosque. The claims were made by two British newspapers who cited doc
Published 23 Apr, 2012 12:00am
Nearly 70,000 pray for 'correction' of anti-Putin punks

Nearly 70,000 pray for 'correction' of anti-Putin punks

Church bells rang across Moscow on Sunday as tens of thousands of faithful prayed at the main cathedral for the "correction" of feminist punks who face seven-year jail terms for singing before its altar.
Published 23 Apr, 2012 12:00am
Iraq does not need US anymore, Ahmadinejad tells al-Maliki

Iraq does not need US anymore, Ahmadinejad tells al-Maliki

Iraq no longer needs any help from the United States, Iranian President Mahmoud Ahmadinejad told visiting Iraqi Prime Minister Nuri al-Maliki on Sunday as he offered to strengthen ties between the two neighbouring countries, which were once at war.
Published 23 Apr, 2012 12:00am
Obama on brink of clinching Democratic nomination

Obama on brink of clinching Democratic nomination

It's official: President Barack Obama will clinch the Democratic nomination for president Tuesday, ending a low-key primary race that many people probably didn't realize was happening. Obama is certain to reach the 2,778 delegates he needs to secure his p
Published 23 Apr, 2012 12:00am
Light bulb with 20-year life unveiled in US on Earth Day

Light bulb with 20-year life unveiled in US on Earth Day

A prize-winning, super energy saving LED bulb from Dutch electronics giant Philips, said to last over 20 years, went on sale online and in stores Sunday to coincide with Earth Day. The bulb that won the 2011 US Department of Energy's "Bright Tomorrow Ligh
Published 23 Apr, 2012 12:00am
Anti-China protesters picket German trade fair; Merkel upbeat

Anti-China protesters picket German trade fair; Merkel upbeat

Activists critical of China's human rights policies Sunday picketed the fairgrounds in Hanover, where an upbeat German Chancellor Angela Merkel and China's Prime Minister Wen Jiabao opened the annual industrial showcase.
Published 23 Apr, 2012 12:00am
Israeli military ready for action in Iran if necessary, chief warns

Israeli military ready for action in Iran if necessary, chief warns

The Israeli military is ready for action in Iran if need be, Israel's army chief of staff said in remarks published Sunday. "In principal, we are ready for action," Lieutenant-General Benny Gantz said in an interview with Yediot Ahronot, Israel's biggest-
Published 23 Apr, 2012 12:00am
Google launches Street View in Israel

Google launches Street View in Israel

Google on Sunday launched Street View in Israel, the US Internet giant said, putting on show streets and sites of interest from the Holy Land's three major cities with its 360-degree street-level images.
Published 23 Apr, 2012 12:00am
Australian parliament speaker stands aside amid lawsuit row

Australian parliament speaker stands aside amid lawsuit row

Australia's parliament speaker said on Sunday he was temporarily stepping down over a sexual harassment lawsuit which threatens to further weaken Prime Minister Julia Gillard's hold on power. Gillard's Labour government has suffered poor poll figures in r
Published 23 Apr, 2012 12:00am
Alleged dacoit killed

Alleged dacoit killed

An alleged dacoit was killed and another was arrested after an encounter with Makli police here on Sunday. The dacoit was identified as Tayyab, son of Allah Warayo while the arrested suspect was identified as Mustafa.
Published 23 Apr, 2012 12:00am
Cleanliness drive begins in Rawalpindi today

Cleanliness drive begins in Rawalpindi today

A comprehensive cleanliness plan for Rawal Town has been formulated under which after every two months, a complete cleanliness round of all city areas would be conducted while a special sanitation drive would be launched on Monday (today).
Published 23 Apr, 2012 12:00am
Chief minister, others condole Thaheem's death

Chief minister, others condole Thaheem's death

Sindh Chief Minister Syed Qaim Ali Shah and Sindh Information Minister Shazia Atta Marri, and other PPP leaders have condoled the death of PPP Sindh Minister Abdul Salam Thaheem.
Published 23 Apr, 2012 12:00am
Busess community offers condolences

Busess community offers condolences

Chairman Businessmen Group and former President KCCI Siraj Kassam Teli, President KCCI Mian Abrar Ahmad, Vice-Chairmen and former Presidents KCCI Tahir Khaliq, Zubair Motiwala, Haroon Farooki, Anjum Nisar and Senior Vice-President KCCI Younus Muhammad Bas
Published 23 Apr, 2012 12:00am
Air crash victim laid to rest

Air crash victim laid to rest

A victim of Bhoja Airline plane crash Ghulam Mujtaba Siyal, aged 22 years, was laid to rest at a graveyard near his residence in Gulistan-e-Sajjad area here on Saturday night. His body was taken straight to the graveyard after it reached through an ambula
Published 23 Apr, 2012 12:00am
Bhoja Air was issued license during PML-N regime: Malik

Bhoja Air was issued license during PML-N regime: Malik

Interior Minister Rehman Malik said on Sunday that Bhoja Air was issued license to operate flights during Pakistan Muslim League-Nawaz's (PML-N) regime. Malik further said that Farooq Bhoja, the supposed owner of Bhoja Air, held only five percent shares o
Published 23 Apr, 2012 12:00am
70 MW hydro-power project approved by KP government

70 MW hydro-power project approved by KP government

Khyber-Pakhtunkhwa Minister for Population Welfare, Mohammad Saleem Khan said that the provincial government approved the establishment of 70 Mega Watt Hydro-Power Project at Lawi, district Chitral. The Project, he said, will cost an amount of Rs 12 billi
Published 23 Apr, 2012 12:00am
Nadra helps identify 67 plane crash victims

Nadra helps identify 67 plane crash victims

The National Database and Registration Authority (Nadra) has helped identify bodies of 67 out of total 127 passengers and crew of the Bhoja Airline plane crash through its biometric identification system. "Using our Automated Finger Identification System
Published 23 Apr, 2012 12:00am
Oil and gold push lacklustre commodity market

Oil and gold push lacklustre commodity market

Firm gold and oil prices pushed the otherwise lacklustre commodity market, while prices of staple food items such as wheat and rice also remained firm during the past week. Analysts are keeping a close watch over weather, which remained moderate during th
Published 23 Apr, 2012 12:00am
Man commits suicide

Man commits suicide

A man committed suicide by jumping into River Swat here on Sunday. According to police, Miraj Gul, a resident of Behrain jumped into the river due to domestic problems. Later, local villagers and rescue workers recovered his body from the river at Baidera
Published 23 Apr, 2012 12:00am
Man commits suicide

Man commits suicide

A man committed suicide by jumping into River Swat here on Sunday. According to police, Miraj Gul, a resident of Behrain jumped into the river due to domestic problems. Later, local villagers and rescue workers recovered his body from the river at Baidera
Published 23 Apr, 2012 12:00am
Two killed in a landmine blast

Two killed in a landmine blast

At least two persons were killed while two others sustained injuries in a landmine blast in Loti gas field area of Dera Bugti on Saturday. Official sources told APP that a vehicle with people onboard hit a landmine when it reached Za Mardan village of Lot
Published 23 Apr, 2012 12:00am
Land dispute claims two lives

Land dispute claims two lives

A man and his son were gunned down in an armed clash between two groups over a land dispute in Noorpur tehsil of Jaffarabad district on Sunday. According to police, the two groups used automatic weapons in the fight over land at Muhammad Ali Shaheed villa
Published 23 Apr, 2012 12:00am
JKLF-R Chairman arrested in IHK

JKLF-R Chairman arrested in IHK

Indian police have arrested Chairman Jammu and Kashmir Liberation Front-R (JKLF-R), Farooq Ahmad Dar from the residence of his relatives at Bemina in held Srinagar. According to Kashmir Media Service, the JKLF-R spokesman told media in held Srinagar that
Published 23 Apr, 2012 12:00am
Countrywide anti-polio drive to kick off today

Countrywide anti-polio drive to kick off today

Begum Shahnaz Wazir Ali, Special Assistant to Prime Minister on Social Sector Polio Vaccination and focal person on Polio Eradication, has said the three-day polio vaccination expedition campaign will be started from Monday (today). Talking to Radio Pakis
Published 23 Apr, 2012 12:00am
PML-N delegation calls on chief minister Punjab

PML-N delegation calls on chief minister Punjab

A Pakistan Muslim League-Nawaz (PML-N) delegation led by President PML-N Barcelona (Spain) Nazir Ahmad Gondal and Vice President PML-N UK Basit Hamza Butt called on Punjab Chief Minister Shahbaz Sharif here on Sunday.
Published 23 Apr, 2012 12:00am
Freezing Kashmir issue won't bring peace: AJKLF

Freezing Kashmir issue won't bring peace: AJKLF

Azad Jammu and Kashmir Liberation Front (AJKLF) leader Yaseen Malik has said that freezing the Kashmir issue was not acceptable to the Kashmiris nor could such a policy help in a peaceful solution to the issue. He was addressing a joint press conference w
Published 23 Apr, 2012 12:00am
Creative Leaders Conference to begin on April 24

Creative Leaders Conference to begin on April 24

A youth symposium titled "Creative Leaders' Conference" is all set to begin in the capital city from April 24 to empower and inspire the young people, who comprise of over 60 percent of Pakistan's population. Young leaders from across the country would ga
Published 23 Apr, 2012 12:00am
Salam Thaheem passes away

Salam Thaheem passes away

The Sindh Minister for Technical Education and a senior leader of Pakistan People's Party (PPP), passed away at a local hospital on Sunday morning. This was stated by Special Assistant to Sindh Chief Minister and Information Secretary of PPP Sindh, Syed W
Published 23 Apr, 2012 12:00am
PNCA hosts children's poster exhibition

PNCA hosts children's poster exhibition

A three-day children's posters exhibition titled 'Hum Hain Paasban Iss Kay' was inaugurated by federal Information Minister Qamar Zaman Kaira at the Pakistan National Council of Arts on Sunday
Published 23 Apr, 2012 12:00am
Sardar Chachar rejoins PPP

Sardar Chachar rejoins PPP

An old PPP man having strong influence over his large Chachar tribe Sardar Haji Khan Chachar have re-joined Pakistan People's Party with renewed pledge that he and his community will strengthen the party and carry forward the mission of Shaheed Zulfikar A
Published 23 Apr, 2012 12:00am
Punjab to buy 3.5 million tons of wheat: minister

Punjab to buy 3.5 million tons of wheat: minister

The Punjab government will buy 3.5 million tons of wheat and necessary arrangements have been finalised, provincial Minister for Food Khwaja Muhammad Manshaullah Butt said on Sunday. Talking to Business Recorder at the Sialkot Press Club, he said t
Published 23 Apr, 2012 12:00am
Flight operation at Quetta airport resumes

Flight operation at Quetta airport resumes

Flight operation at Quetta International Airport resumed here Sunday after a day break owing to damaged runway. Manager Air Site of Civil Aviation Quetta, Mumtaz Ali Soomro told APP that flight operation at the airport had to be suspended on Saturday as l
Published 23 Apr, 2012 12:00am
Halal meat exporters oppose live animals' export

Halal meat exporters oppose live animals' export

Exporters of Halal meat have strongly opposed the government decision to allow live animals' export to Iran and Afghanistan, saying that it would depress hide and skin and value-added leather garments and products' exports and create meat shortage in the
Published 23 Apr, 2012 12:00am
Clashes in Bangladesh over missing opposition leader

Clashes in Bangladesh over missing opposition leader

Police fired rubber bullets and tear gas at hundreds of opposition activists in Bangladesh on Sunday as a nation-wide strike over the disappearance of a senior politician brought daily life to a halt. More than a dozen people were injured, four of them se
Published 23 Apr, 2012 12:00am
Clashes in Bangladesh over missing opposition leader

Clashes in Bangladesh over missing opposition leader

Police fired rubber bullets and tear gas at hundreds of opposition activists in Bangladesh on Sunday as a nation-wide strike over the disappearance of a senior politician brought daily life to a halt. More than a dozen people were injured, four of them se
Published 23 Apr, 2012 12:00am
Hina to visit Brazil in June: finalising modalities to set up JEC

Hina to visit Brazil in June: finalising modalities to set up JEC

Foreign Minister Hina Rabani Khar will visit Brazil in June this year to finalise the modalities for establishing a Joint Economic Commission (JEC) which enable both countries to enhance and strengthen trade relations between two countries.
Published 23 Apr, 2012 12:00am
Hina to visit Brazil in June: finalising modalities to set up JEC

Hina to visit Brazil in June: finalising modalities to set up JEC

Foreign Minister Hina Rabani Khar will visit Brazil in June this year to finalise the modalities for establishing a Joint Economic Commission (JEC) which enable both countries to enhance and strengthen trade relations between two countries.
Published 23 Apr, 2012 12:00am
Hina to visit Brazil in June: finalising modalities to set up JEC

Hina to visit Brazil in June: finalising modalities to set up JEC

Foreign Minister Hina Rabani Khar will visit Brazil in June this year to finalise the modalities for establishing a Joint Economic Commission (JEC) which enable both countries to enhance and strengthen trade relations between two countries.
Published 23 Apr, 2012 12:00am
Iran military says copying US drone

Iran military says copying US drone

Iran's military has started to build a copy of a US surveillance drone captured last year after breaking the software encryption, Iranian media reported on Sunday. General Amir Ali Hajizadeh, head of the Revolutionary Guards aerospace division, said engin
Published 23 Apr, 2012 12:00am
Iran military says copying US drone

Iran military says copying US drone

Iran's military has started to build a copy of a US surveillance drone captured last year after breaking the software encryption, Iranian media reported on Sunday. General Amir Ali Hajizadeh, head of the Revolutionary Guards aerospace division, said engin
Published 23 Apr, 2012 12:00am
Iran''s trade partners act to avoid US sanctions

Iran''s trade partners act to avoid US sanctions

Iran''s trading partners are looking for ways to avoid being hit by US sanctions on Iranian oil transactions that take effect mid-year, with Turkey looking for other suppliers, India exploring options and smaller Asian countries arguing their imports from
Published 23 Apr, 2012 12:00am
Iran's trade partners act to avoid US sanctions

Iran's trade partners act to avoid US sanctions

Iran's trading partners are looking for ways to avoid being hit by US sanctions on Iranian oil transactions that take effect mid-year, with Turkey looking for other suppliers, India exploring options and smaller Asian countries arguing their imports from
Published 23 Apr, 2012 12:00am
Iran's trade partners act to avoid US sanctions

Iran's trade partners act to avoid US sanctions

Iran's trading partners are looking for ways to avoid being hit by US sanctions on Iranian oil transactions that take effect mid-year, with Turkey looking for other suppliers, India exploring options and smaller Asian countries arguing their imports from
Published 23 Apr, 2012 12:00am
0ECB deaf to call for more action to help eurozone

0ECB deaf to call for more action to help eurozone

European Central Bank officials showed no sign of bending to renewed international pressure to do more to boost the eurozone''s struggling economy. Top ECB policymakers, attending the International Monetary Fund''s spring meetings, politely but firmly reb
Published 23 Apr, 2012 12:00am
0ECB deaf to call for more action to help eurozone

0ECB deaf to call for more action to help eurozone

European Central Bank officials showed no sign of bending to renewed international pressure to do more to boost the eurozone's struggling economy. Top ECB policymakers, attending the International Monetary Fund's spring meetings, politely but firmly rebuf
Published 23 Apr, 2012 12:00am
0ECB deaf to call for more action to help eurozone

0ECB deaf to call for more action to help eurozone

European Central Bank officials showed no sign of bending to renewed international pressure to do more to boost the eurozone's struggling economy. Top ECB policymakers, attending the International Monetary Fund's spring meetings, politely but firmly rebuf
Published 23 Apr, 2012 12:00am
Egypt cancels gas agreement with Israel

Egypt cancels gas agreement with Israel

Egypt said Sunday that it was cancelling its gas agreement with Israel, Israeli Channel 2 television reported. The report called it a "blow" to the 1979 peace treaty between the two countries.
Published 23 Apr, 2012 12:00am
Egypt cancels gas agreement with Israel

Egypt cancels gas agreement with Israel

Egypt said Sunday that it was cancelling its gas agreement with Israel, Israeli Channel 2 television reported. The report called it a "blow" to the 1979 peace treaty between the two countries.
Published 23 Apr, 2012 12:00am
Egypt cancels gas agreement with Israel

Egypt cancels gas agreement with Israel

Egypt said Sunday that it was cancelling its gas agreement with Israel, Israeli Channel 2 television reported. The report called it a "blow" to the 1979 peace treaty between the two countries.
Published 23 Apr, 2012 12:00am
Tea to be declared India''s national drink

Tea to be declared India''s national drink

Tea will be declared India''s national drink in 2013 to commemorate the anniversary of the birth of a tea planter hanged by British colonial rulers for taking part in a rebellion, news reports said Sunday. The decision was announced by Planning Commission
Published 23 Apr, 2012 12:00am
Tea to be declared India's national drink

Tea to be declared India's national drink

Tea will be declared India's national drink in 2013 to commemorate the anniversary of the birth of a tea planter hanged by British colonial rulers for taking part in a rebellion, news reports said Sunday. The decision was announced by Planning Commission
Published 23 Apr, 2012 12:00am
Tea to be declared India's national drink

Tea to be declared India's national drink

Tea will be declared India's national drink in 2013 to commemorate the anniversary of the birth of a tea planter hanged by British colonial rulers for taking part in a rebellion, news reports said Sunday. The decision was announced by Planning Commission
Published 23 Apr, 2012 12:00am
Iran reopens Zero-point trade gate on Pak-Iran border

Iran reopens Zero-point trade gate on Pak-Iran border

The Iran Government reopened Zero-point trade gate at Pak-Iran border in Taftan area of the Chagai district on Sunday. Levies official said that the Iranian border forces had closed Zero-point trade gate for trade activities four weeks ago due to Eid-Noro
Published 23 Apr, 2012 12:00am
Iran reopens Zero-point trade gate on Pak-Iran border

Iran reopens Zero-point trade gate on Pak-Iran border

The Iran Government reopened Zero-point trade gate at Pak-Iran border in Taftan area of the Chagai district on Sunday. Levies official said that the Iranian border forces had closed Zero-point trade gate for trade activities four weeks ago due to Eid-Noro
Published 23 Apr, 2012 12:00am
Iran reopens Zero-point trade gate on Pak-Iran border

Iran reopens Zero-point trade gate on Pak-Iran border

The Iran Government reopened Zero-point trade gate at Pak-Iran border in Taftan area of the Chagai district on Sunday. Levies official said that the Iranian border forces had closed Zero-point trade gate for trade activities four weeks ago due to Eid-Noro
Published 23 Apr, 2012 12:00am
Hafeez meets Saudi, Iranian Finance ministers

Hafeez meets Saudi, Iranian Finance ministers

Pakistan and Saudi Arabia on Sunday discussed further expanding their trade and investment relations as Pakistani Finance Minister Abdul Hafeez Shaikh met with his Saudi counterpart here during the annual IMF-World Bank gathering.
Published 23 Apr, 2012 12:00am
US and Afghanistan finalise strategic partnership deal

US and Afghanistan finalise strategic partnership deal

Afghan and US officials finalised a long-awaited strategic partnership deal Sunday that is meant to set forth guidelines for US involvement in Afghanistan as forces draw down, the two governments said. Afghan and US officials had said that they expected t
Published 23 Apr, 2012 12:00am
US and Afghanistan finalise strategic partnership deal

US and Afghanistan finalise strategic partnership deal

Afghan and US officials finalised a long-awaited strategic partnership deal Sunday that is meant to set forth guidelines for US involvement in Afghanistan as forces draw down, the two governments said. Afghan and US officials had said that they expected t
Published 23 Apr, 2012 12:00am
Global crisis not over yet: Wen

Global crisis not over yet: Wen

The global financial crisis is not over and technical innovation and investment will be key to sustaining what remains a "tortuous" recovery, Chinese Premier Wen Jiabao said on Sunday during a visit to Germany. Wen also said China, the world''s biggest ex
Published 23 Apr, 2012 12:00am
Global crisis not over yet: Wen

Global crisis not over yet: Wen

The global financial crisis is not over and technical innovation and investment will be key to sustaining what remains a "tortuous" recovery, Chinese Premier Wen Jiabao said on Sunday during a visit to Germany. Wen also said China, the world's biggest exp
Published 23 Apr, 2012 12:00am
Global crisis not over yet: Wen

Global crisis not over yet: Wen

The global financial crisis is not over and technical innovation and investment will be key to sustaining what remains a "tortuous" recovery, Chinese Premier Wen Jiabao said on Sunday during a visit to Germany. Wen also said China, the world's biggest exp
Published 23 Apr, 2012 12:00am
Hollande tops Sarkozy in French vote

Hollande tops Sarkozy in French vote

Far-rightist Marine Le Pen threw France's presidential race wide open on Sunday by scoring nearly 20 percent in the first round - votes that may determine a runoff between Socialist favourite Francois Hollande and conservative President Nicolas Sarkozy.
Published 23 Apr, 2012 12:00am
Hollande tops Sarkozy in French vote

Hollande tops Sarkozy in French vote

Far-rightist Marine Le Pen threw France's presidential race wide open on Sunday by scoring nearly 20 percent in the first round - votes that may determine a runoff between Socialist favourite Francois Hollande and conservative President Nicolas Sarkozy.
Published 23 Apr, 2012 12:00am
FX & Gold - Weekly Outlook April 23 - 27: dollar makes no further gains

FX & Gold - Weekly Outlook April 23 - 27: dollar makes no further gains

As market sentiment throughout the week remained bearish for the European region, but lack of positive data from USA did not allow US Dollar to make further gains. Late weakened news of IMF announcing increase in its commitment to new funding to USD 430 b
Published 23 Apr, 2012 12:00am
FX & Gold - Weekly Outlook April 23 - 27: dollar makes no further gains

FX & Gold - Weekly Outlook April 23 - 27: dollar makes no further gains

As market sentiment throughout the week remained bearish for the European region, but lack of positive data from USA did not allow US Dollar to make further gains. Late weakened news of IMF announcing increase in its commitment to new funding to USD 430 b
Published 23 Apr, 2012 12:00am
FX & Gold - Weekly Outlook April 23 - 27: dollar makes no further gains

FX & Gold - Weekly Outlook April 23 - 27: dollar makes no further gains

As market sentiment throughout the week remained bearish for the European region, but lack of positive data from USA did not allow US Dollar to make further gains. Late weakened news of IMF announcing increase in its commitment to new funding to USD 430 b
Published 23 Apr, 2012 12:00am
Services sector''s deficit crosses $2 billion mark

Services sector''s deficit crosses $2 billion mark

The country''s services trade deficit crossed $2 billion mark during first nine months of the current fiscal year followed by a hike in imports and a slowdown in exports. Analysts said that performance of services trade was gradually deteriorating mainly
Published 23 Apr, 2012 12:00am
Services sector's deficit crosses $2 billion mark

Services sector's deficit crosses $2 billion mark

The country's services trade deficit crossed $2 billion mark during first nine months of the current fiscal year followed by a hike in imports and a slowdown in exports. Analysts said that performance of services trade was gradually deteriorating mainly b
Published 23 Apr, 2012 12:00am
Services sector's deficit crosses $2 billion mark

Services sector's deficit crosses $2 billion mark

The country's services trade deficit crossed $2 billion mark during first nine months of the current fiscal year followed by a hike in imports and a slowdown in exports. Analysts said that performance of services trade was gradually deteriorating mainly b
Published 23 Apr, 2012 12:00am
Futures open interest declines 2.6 percent

Futures open interest declines 2.6 percent

Total market''''s open interest position during the outgoing week declined by Rs63 million, down 2.6 percent on week-on-week basis to stand at Rs2.38 billion. The futures volumes followed the same path declining by 11.4 percent on week-on-week basis to 17
Published 23 Apr, 2012 12:00am
Futures open interest declines 2.6 percent

Futures open interest declines 2.6 percent

Total market''s open interest position during the outgoing week declined by Rs63 million, down 2.6 percent on week-on-week basis to stand at Rs2.38 billion. The futures volumes followed the same path declining by 11.4 percent on week-on-week basis to 17.2
Published 23 Apr, 2012 12:00am
Futures open interest declines 2.6 percent

Futures open interest declines 2.6 percent

Total market's open interest position during the outgoing week declined by Rs63 million, down 2.6 percent on week-on-week basis to stand at Rs2.38 billion. The futures volumes followed the same path declining by 11.4 percent on week-on-week basis to 17.2
Published 23 Apr, 2012 12:00am
Futures open interest declines 2.6 percent

Futures open interest declines 2.6 percent

Total market's open interest position during the outgoing week declined by Rs63 million, down 2.6 percent on week-on-week basis to stand at Rs2.38 billion. The futures volumes followed the same path declining by 11.4 percent on week-on-week basis to 17.2
Published 23 Apr, 2012 12:00am
Range-bound activity witnessed

Range-bound activity witnessed

The Karachi share market witnessed range-bound activity during the week ended April 20, 2012 and benchmark KSE-100 index finally closed at 13,936.48 points, up 137.05 points on week-on-week basis.
Published 23 Apr, 2012 12:00am
Range-bound activity witnessed

Range-bound activity witnessed

The Karachi share market witnessed range-bound activity during the week ended April 20, 2012 and benchmark KSE-100 index finally closed at 13,936.48 points, up 137.05 points on week-on-week basis.
Published 23 Apr, 2012 12:00am
Range-bound activity witnessed

Range-bound activity witnessed

The Karachi share market witnessed range-bound activity during the week ended April 20, 2012 and benchmark KSE-100 index finally closed at 13,936.48 points, up 137.05 points on week-on-week basis.
Published 23 Apr, 2012 12:00am
Pakistan and China pledge to further bolster trade, investment ties

Pakistan and China pledge to further bolster trade, investment ties

Pakistan and China pledged here on Saturday to further bolster their trade and investment ties, with Finance Minister Dr Abdul Hafeez Shaikh and his Chinese counterpart Xie Xuren reaffirming close economic co-operation in a bilateral meeting at the World
Published 23 Apr, 2012 12:00am
Pakistan and China pledge to further bolster trade, investment ties

Pakistan and China pledge to further bolster trade, investment ties

Pakistan and China pledged here on Saturday to further bolster their trade and investment ties, with Finance Minister Dr Abdul Hafeez Shaikh and his Chinese counterpart Xie Xuren reaffirming close economic co-operation in a bilateral meeting at the World
Published 23 Apr, 2012 12:00am
Pakistan and China pledge to further bolster trade, investment ties

Pakistan and China pledge to further bolster trade, investment ties

Pakistan and China pledged here on Saturday to further bolster their trade and investment ties, with Finance Minister Dr Abdul Hafeez Shaikh and his Chinese counterpart Xie Xuren reaffirming close economic co-operation in a bilateral meeting at the World
Published 23 Apr, 2012 12:00am
World Bank allocations unprecedented for Pakistan: Hafeez

World Bank allocations unprecedented for Pakistan: Hafeez

The World Bank has allocated an unprecedented amount of $1.8 billion for Pakistan''s development projects, mainly in energy sector, in the current year, Finance Minister Finance Minister Dr Abdul Hafeez Shaikh was quoted as saying on Sunday. He was speaki
Published 23 Apr, 2012 12:00am
World Bank allocations unprecedented for Pakistan: Hafeez

World Bank allocations unprecedented for Pakistan: Hafeez

The World Bank has allocated an unprecedented amount of $1.8 billion for Pakistan's development projects, mainly in energy sector, in the current year, Finance Minister Finance Minister Dr Abdul Hafeez Shaikh was quoted as saying on Sunday. He was speakin
Published 23 Apr, 2012 12:00am
World Bank allocations unprecedented for Pakistan: Hafeez

World Bank allocations unprecedented for Pakistan: Hafeez

The World Bank has allocated an unprecedented amount of $1.8 billion for Pakistan's development projects, mainly in energy sector, in the current year, Finance Minister Finance Minister Dr Abdul Hafeez Shaikh was quoted as saying on Sunday. He was speakin
Published 23 Apr, 2012 12:00am
Six passenger flights diverted

Six passenger flights diverted

As many as six incoming flights were diverted either to Nawabshah or Multan during the closure of the Karachi Airport runway from 12.16 p.m. to 7.50 p.m. on Sunday. This was stated by a spokesman of the Civil Aviation Authority (CAA). He further said that
Published 23 Apr, 2012 12:00am
Six passenger flights diverted

Six passenger flights diverted

As many as six incoming flights were diverted either to Nawabshah or Multan during the closure of the Karachi Airport runway from 12.16 p.m. to 7.50 p.m. on Sunday. This was stated by a spokesman of the Civil Aviation Authority (CAA). He further said that
Published 23 Apr, 2012 12:00am
CAA to inspect all private airlines' jets: Mukhtar

CAA to inspect all private airlines' jets: Mukhtar

The Civil Aviation Authority (CAA) will amend existing rules and regulations, making it mandatory for all private airlines to obtain requisite technical clearances and airworthiness certificates on PIA's pattern, Defence Minister Chaudhry Ahmed Mukhtar an
Published 23 Apr, 2012 12:00am
CAA to inspect all private airlines' jets: Mukhtar

CAA to inspect all private airlines' jets: Mukhtar

The Civil Aviation Authority (CAA) will amend existing rules and regulations, making it mandatory for all private airlines to obtain requisite technical clearances and airworthiness certificates on PIA's pattern, Defence Minister Chaudhry Ahmed Mukhtar an
Published 23 Apr, 2012 12:00am
Providential escape

Providential escape

A private airliner on Sunday suffered a tyre burst while landing at Karachi Airport. All the 122 passengers and six crew members on board had providential escape.
Published 23 Apr, 2012 12:00am
Providential escape

Providential escape

A private airliner on Sunday suffered a tyre burst while landing at Karachi Airport. All the 122 passengers and six crew members on board had providential escape.
Published 23 Apr, 2012 12:00am
Loopholes detected in ERS

Loopholes detected in ERS

The Federal Board of Revenue''s (FBR) Directorate-General of Intelligence and Investigation, Inland Revenue (IR), has detected major loopholes in the Expeditious Refund System (ERS) and suggested a review of the entire system to prevent fraudulent refund
Published 23 Apr, 2012 12:00am
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