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Print - 2012-04-27
Rs 82 billion dues: ARL, other refineries cut PSO's fuel supply

Rs 82 billion dues: ARL, other refineries cut PSO's fuel supply

Refineries, including the Attock Oil Refinery (ARL), have stopped/reduced the supply of refined fuel to Pakistan State Oil (PSO) after its dues exceeded Rs 82 billion, it is learnt. "Currently, we are just supplying jet fuel oil to PSO on cash payments af
Published 27 Apr, 2012 12:00am
3G telecoms licence auction delayed

3G telecoms licence auction delayed

Pakistan has indefinitely delayed an auction to sell third-generation (3G) mobile telecoms licences, two operators told Reuters, which if completed would have raised a minimum of $630 million for the cash-strapped country. The auction of three 3G licences
Published 27 Apr, 2012 12:00am
3G telecoms licence auction delayed

3G telecoms licence auction delayed

Pakistan has indefinitely delayed an auction to sell third-generation (3G) mobile telecoms licences, two operators told Reuters, which if completed would have raised a minimum of $630 million for the cash-strapped country. The auction of three 3G licences
Published 27 Apr, 2012 12:00am
3G telecoms licence auction delayed

3G telecoms licence auction delayed

Pakistan has indefinitely delayed an auction to sell third-generation (3G) mobile telecoms licences, two operators told Reuters, which if completed would have raised a minimum of $630 million for the cash-strapped country. The auction of three 3G licences
Published 27 Apr, 2012 12:00am
US memos: Reagan envoy on Pakistan's nuclear programme

US memos: Reagan envoy on Pakistan's nuclear programme

US officials concluded in the 1980s that Pakistan was lying about its nuclear programme but muted criticism due to Islamabad's support against the Soviets in Afghanistan, declassified documents showed. The memos to be released Thursday reveal some of the
Published 27 Apr, 2012 12:00am
US memos: Reagan envoy on Pakistan's nuclear programme

US memos: Reagan envoy on Pakistan's nuclear programme

US officials concluded in the 1980s that Pakistan was lying about its nuclear programme but muted criticism due to Islamabad's support against the Soviets in Afghanistan, declassified documents showed. The memos to be released Thursday reveal some of the
Published 27 Apr, 2012 12:00am
Austria warns of nuclear race after India, Pakistan tests

Austria warns of nuclear race after India, Pakistan tests

Austria's foreign minister on Thursday slammed India and Pakistan's recent missile tests, insisting states' continued pursuit of nuclear weapons was "flat out irresponsible". "The tests of an Indian long-range missile a week ago and of an intermediate-ran
Published 27 Apr, 2012 12:00am
Austria warns of nuclear race after India, Pakistan tests

Austria warns of nuclear race after India, Pakistan tests

Austria's foreign minister on Thursday slammed India and Pakistan's recent missile tests, insisting states' continued pursuit of nuclear weapons was "flat out irresponsible". "The tests of an Indian long-range missile a week ago and of an intermediate-ran
Published 27 Apr, 2012 12:00am
US restricts Pakistan staff during bin Laden anniversary

US restricts Pakistan staff during bin Laden anniversary

The US embassy in Islamabad on Thursday banned its staff from restaurants and markets in the Pakistani capital for several days either side of the anniversary of Osama bin Laden's death. The al Qaeda kingpin was killed in a US special forces raid in the P
Published 27 Apr, 2012 12:00am
US restricts Pakistan staff during bin Laden anniversary

US restricts Pakistan staff during bin Laden anniversary

The US embassy in Islamabad on Thursday banned its staff from restaurants and markets in the Pakistani capital for several days either side of the anniversary of Osama bin Laden's death. The al Qaeda kingpin was killed in a US special forces raid in the P
Published 27 Apr, 2012 12:00am
Osama family deported to Saudi Arabia

Osama family deported to Saudi Arabia

Government on Thursday deported the family of Osama bin Laden to Saudi Arabia in a special Saudi plane. Spokesman of Interior Ministry said that the Ministry on Thursday passed orders for the deportation of 14 members of OBL family in pursuance of the cou
Published 27 Apr, 2012 12:00am
Osama family deported to Saudi Arabia

Osama family deported to Saudi Arabia

Government on Thursday deported the family of Osama bin Laden to Saudi Arabia in a special Saudi plane. Spokesman of Interior Ministry said that the Ministry on Thursday passed orders for the deportation of 14 members of OBL family in pursuance of the cou
Published 27 Apr, 2012 12:00am
ISE index declines by 8.67 points

ISE index declines by 8.67 points

Bears dominated the proceedings at 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 8.67 points as the ISE Ten Index moved from 2,894.01 to 2,885.34 p
Published 27 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Thursday (April 26, 2012).

Published 27 Apr, 2012 12:00am
ISE index declines by 8.67 points

ISE index declines by 8.67 points

Bears dominated the proceedings at 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 8.67 points as the ISE Ten Index moved from 2,894.01 to 2,885.34 p
Published 27 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Thursday (April 26, 2012).

Published 27 Apr, 2012 12:00am
LSE loses 57.39 points

LSE loses 57.39 points

Bears dominated the proceedings at the Lahore Stock Exchange (LSE) where equities showed negative signs amid slight surge in transaction volume on Thursday. The LSE-25 index moved down to 3674.13 points against 3731.62 points of Wednesday, showing a decli
Published 27 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Thursday (April 26, 2012).

Published 27 Apr, 2012 12:00am
LSE loses 57.39 points

LSE loses 57.39 points

Bears dominated the proceedings at the Lahore Stock Exchange (LSE) where equities showed negative signs amid slight surge in transaction volume on Thursday. The LSE-25 index moved down to 3674.13 points against 3731.62 points of Wednesday, showing a decli
Published 27 Apr, 2012 12:00am
T+0 settlement cycle: facility on NDM trades extended

T+0 settlement cycle: facility on NDM trades extended

The National Clearing Company of Pakistan Limited (NCCPL) on Thursday announced that in order to provide further facilitation to the clearing members, settlement facility on Negotiated Deal Market (NDM) trades has been extended for T+0 settlement cycle wi
Published 27 Apr, 2012 12:00am
T+0 settlement cycle: facility on NDM trades extended

T+0 settlement cycle: facility on NDM trades extended

The National Clearing Company of Pakistan Limited (NCCPL) on Thursday announced that in order to provide further facilitation to the clearing members, settlement facility on Negotiated Deal Market (NDM) trades has been extended for T+0 settlement cycle wi
Published 27 Apr, 2012 12:00am
T+0 settlement cycle: facility on NDM trades extended

T+0 settlement cycle: facility on NDM trades extended

The National Clearing Company of Pakistan Limited (NCCPL) on Thursday announced that in order to provide further facilitation to the clearing members, settlement facility on Negotiated Deal Market (NDM) trades has been extended for T+0 settlement cycle wi
Published 27 Apr, 2012 12:00am
Pral empowered to conduct audit of NCCPL

Pral empowered to conduct audit of NCCPL

Pakistan Revenue Automation Limited (Pral), a subsidiary of the Federal Board of Revenue, has been legally empowered to regularly conduct audit of National Clearing Company of Pakistan Limited (NCCPL) for examining maintained record of shares transactions
Published 27 Apr, 2012 12:00am
Pral empowered to conduct audit of NCCPL

Pral empowered to conduct audit of NCCPL

Pakistan Revenue Automation Limited (Pral), a subsidiary of the Federal Board of Revenue, has been legally empowered to regularly conduct audit of National Clearing Company of Pakistan Limited (NCCPL) for examining maintained record of shares transactions
Published 27 Apr, 2012 12:00am
Pral empowered to conduct audit of NCCPL

Pral empowered to conduct audit of NCCPL

Pakistan Revenue Automation Limited (Pral), a subsidiary of the Federal Board of Revenue, has been legally empowered to regularly conduct audit of National Clearing Company of Pakistan Limited (NCCPL) for examining maintained record of shares transactions
Published 27 Apr, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (April 26, 2012).

Published 27 Apr, 2012 12:00am
Video-link facility: Haqqani's request turned down

Video-link facility: Haqqani's request turned down

The judicial commission investigating the Memo Scandal Thursday rejected Hussain Haqqani's petition to record his testimony via a video-link and directed him to submit details of secret funds that he utilised as Ambassador to the US. The commission's meet
Published 27 Apr, 2012 12:00am
Video-link facility: Haqqani's request turned down

Video-link facility: Haqqani's request turned down

The judicial commission investigating the Memo Scandal Thursday rejected Hussain Haqqani's petition to record his testimony via a video-link and directed him to submit details of secret funds that he utilised as Ambassador to the US. The commission's meet
Published 27 Apr, 2012 12:00am
Turkmens eye gas price deal for trans-Afghan link

Turkmens eye gas price deal for trans-Afghan link

Turkmenistan hopes to conclude a long-awaited gas price deal with Pakistan and India during imminent talks on construction of an ambitious project to build a pipeline through Afghanistan, a government official said on Thursday. Turkmenistan, which holds m
Published 27 Apr, 2012 12:00am
Turkmens eye gas price deal for trans-Afghan link

Turkmens eye gas price deal for trans-Afghan link

Turkmenistan hopes to conclude a long-awaited gas price deal with Pakistan and India during imminent talks on construction of an ambitious project to build a pipeline through Afghanistan, a government official said on Thursday. Turkmenistan, which holds m
Published 27 Apr, 2012 12:00am
Turkmens eye gas price deal for trans-Afghan link

Turkmens eye gas price deal for trans-Afghan link

Turkmenistan hopes to conclude a long-awaited gas price deal with Pakistan and India during imminent talks on construction of an ambitious project to build a pipeline through Afghanistan, a government official said on Thursday. Turkmenistan, which holds m
Published 27 Apr, 2012 12:00am
IPPs face imminent gas supply cut

IPPs face imminent gas supply cut

The petroleum ministry is threatening to deny gas supply to Independent Power Producers (IPPs) which owe Rs 21 billion to Sui Northern Gas Pipeline Limited (SNGPL). "I have decided to cut gas supply to IPPs which are defaulters of SNGPL," said Minister fo
Published 27 Apr, 2012 12:00am
IPPs face imminent gas supply cut

IPPs face imminent gas supply cut

The petroleum ministry is threatening to deny gas supply to Independent Power Producers (IPPs) which owe Rs 21 billion to Sui Northern Gas Pipeline Limited (SNGPL). "I have decided to cut gas supply to IPPs which are defaulters of SNGPL," said Minister fo
Published 27 Apr, 2012 12:00am
IPPs face imminent gas supply cut

IPPs face imminent gas supply cut

The petroleum ministry is threatening to deny gas supply to Independent Power Producers (IPPs) which owe Rs 21 billion to Sui Northern Gas Pipeline Limited (SNGPL). "I have decided to cut gas supply to IPPs which are defaulters of SNGPL," said Minister fo
Published 27 Apr, 2012 12:00am
BRIndex30 dips by 190.15 points

BRIndex30 dips by 190.15 points

On Thursday, BRIndex30 opened at 10,539.58. It touched an intraday high of 10,645.03 and an intraday low of 10,324.30 and closed at 10,349.43 which was -190.15 points or -1.8 percent lower than previous close. Total volume was 192,546,624, which was 71.17
Published 27 Apr, 2012 12:00am
BRIndex30 dips by 190.15 points

BRIndex30 dips by 190.15 points

On Thursday, BRIndex30 opened at 10,539.58. It touched an intraday high of 10,645.03 and an intraday low of 10,324.30 and closed at 10,349.43 which was -190.15 points or -1.8 percent lower than previous close. Total volume was 192,546,624, which was 71.17
Published 27 Apr, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (April 26, 2012).

Published 27 Apr, 2012 12:00am
Index sheds by 151.65 points

Index sheds by 151.65 points

After moving both sides, the KSE-100 index on Thursday closed at 14,066.09 points down 151.65 points due to selling mainly local investors and institutions. The foreign investors'' interest continued and they remained net buyers of shares worth 1.83 milli
Published 27 Apr, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (April 26, 2012).
Published 27 Apr, 2012 12:00am
Index sheds by 151.65 points

Index sheds by 151.65 points

After moving both sides, the KSE-100 index on Thursday closed at 14,066.09 points down 151.65 points due to selling mainly local investors and institutions. The foreign investors' interest continued and they remained net buyers of shares worth 1.83 millio
Published 27 Apr, 2012 12:00am
Index sheds by 151.65 points

Index sheds by 151.65 points

After moving both sides, the KSE-100 index on Thursday closed at 14,066.09 points down 151.65 points due to selling mainly local investors and institutions. The foreign investors' interest continued and they remained net buyers of shares worth 1.83 millio
Published 27 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 Thursday (April 26, 2012).

Published 27 Apr, 2012 12:00am
Grossman meets General Kayani

Grossman meets General Kayani

United States Special Envoy for Afghanistan and Pakistan, Marc Grossman, who is heading the first high level delegation after Salala incident, called on Chief of Army Staff, General Ashfaq Parvez Kayani at General Headquarters on Thursday to discuss vario
Published 27 Apr, 2012 12:00am
Grossman meets General Kayani

Grossman meets General Kayani

United States Special Envoy for Afghanistan and Pakistan, Marc Grossman, who is heading the first high level delegation after Salala incident, called on Chief of Army Staff, General Ashfaq Parvez Kayani at General Headquarters on Thursday to discuss vario
Published 27 Apr, 2012 12:00am
US respects Pakistan's policies: Grossman

US respects Pakistan's policies: Grossman

While expressing his grief over the check post incident, US Special Representative for Afghanistan and Pakistan Ambassador Marc Grossman said that United States respects all policies underlined by Pakistan's parliament. "United States values highly the re
Published 27 Apr, 2012 12:00am
US respects Pakistan's policies: Grossman

US respects Pakistan's policies: Grossman

While expressing his grief over the check post incident, US Special Representative for Afghanistan and Pakistan Ambassador Marc Grossman said that United States respects all policies underlined by Pakistan's parliament. "United States values highly the re
Published 27 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 Thursday (April 26, 2012).

Published 27 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 Thursday (April 26, 2012).

Published 27 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 Thursday (April 26, 2012).

Published 27 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 27 Apr, 2012 12:00am
Conviction not in accordance with charges: Aitzaz

Conviction not in accordance with charges: Aitzaz

Prime Minister Yousuf Raza Gilani does not stand disqualified as one part of the Supreme Court judgement is beyond the scope and charge of contempt case, according to Aitzaz Ahsan, the counsel for Gilani. Addressing a news conference after a special meeti
Published 27 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 Thursday (April 26, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover fo
Published 27 Apr, 2012 12:00am
Conviction not in accordance with charges: Aitzaz

Conviction not in accordance with charges: Aitzaz

Prime Minister Yousuf Raza Gilani does not stand disqualified as one part of the Supreme Court judgement is beyond the scope and charge of contempt case, according to Aitzaz Ahsan, the counsel for Gilani. Addressing a news conference after a special meeti
Published 27 Apr, 2012 12:00am
Coalition partners vow support to Gilani

Coalition partners vow support to Gilani

Pakistan People's Party's senior leadership and coalition partners on Thursday vowed support to Prime Minister Yousaf Raza Gilani, saying they would respond to the new challenges with political maturity and wisdom, in accordance with the Constitution.
Published 27 Apr, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 27 Apr, 2012 12:00am
Coalition partners vow support to Gilani

Coalition partners vow support to Gilani

Pakistan People's Party's senior leadership and coalition partners on Thursday vowed support to Prime Minister Yousaf Raza Gilani, saying they would respond to the new challenges with political maturity and wisdom, in accordance with the Constitution.
Published 27 Apr, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 27 Apr, 2012 12:00am
Background of the case

Background of the case

The following are some key facts explaining the background of the case. Gilani was summoned before the Supreme Court on January 19 for failing to take steps to re-open money-laundering proceedings against President Asif Ali Zardari. He was indicted for co
Published 27 Apr, 2012 12:00am
Background of the case

Background of the case

The following are some key facts explaining the background of the case. Gilani was summoned before the Supreme Court on January 19 for failing to take steps to re-open money-laundering proceedings against President Asif Ali Zardari. He was indicted for co
Published 27 Apr, 2012 12:00am
Brazil's cocoa arrivals slip

Brazil's cocoa arrivals slip

Deliveries of cocoa to warehouses in Brazil slowed in the last week due to problems in the early harvest of the Temporao, or mid-crop, in reaching the terminal market. Next week will be the statistical close of the 2011/12 main crop in the official Brazil
Published 27 Apr, 2012 12:00am
Chemical items mixed on Jodia Bazaar

Chemical items mixed on Jodia Bazaar

The trading in chemical items moved both ways on Jodia Bazaar here on Thursday. The following changes were observed.
Published 27 Apr, 2012 12:00am