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Print - 2012-04-28
Motorcycle entrant policy: Planning Commission's authority challenged

Motorcycle entrant policy: Planning Commission's authority challenged

The ministry of industries has challenged the Planning Commission's authority to formulate new motorcycle entrant policy, well-informed sources told Business Recorder on Friday. Earlier, the Planning Commission, under the leadership of Dr Nadeemul
Published 28 Apr, 2012 12:00am
IMF calls on Asia to prepare to tighten policies

IMF calls on Asia to prepare to tighten policies

The IMF said Friday Asia should be ready to tighten monetary policies if overheating pressures emerge, while remaining alert to any future shocks from a still volatile global climate. The International Monetary Fund said in its World Economic Outlook repo
Published 28 Apr, 2012 12:00am
IMF calls on Asia to prepare to tighten policies

IMF calls on Asia to prepare to tighten policies

The IMF said Friday Asia should be ready to tighten monetary policies if overheating pressures emerge, while remaining alert to any future shocks from a still volatile global climate. The International Monetary Fund said in its World Economic Outlook repo
Published 28 Apr, 2012 12:00am
IMF calls on Asia to prepare to tighten policies

IMF calls on Asia to prepare to tighten policies

The IMF said Friday Asia should be ready to tighten monetary policies if overheating pressures emerge, while remaining alert to any future shocks from a still volatile global climate. The International Monetary Fund said in its World Economic Outlook repo
Published 28 Apr, 2012 12:00am
Finance, PBS at loggerheads over estimate for GDP growth

Finance, PBS at loggerheads over estimate for GDP growth

Ministry of Finance and Pakistan Bureau of Statistics (PBS) are at loggerheads over the projected GDP growth rate for the current fiscal year after National Accounts Committee (NAC) estimated growth rate at 3.2 percent while the Finance Minister said that
Published 28 Apr, 2012 12:00am
Finance, PBS at loggerheads over estimate for GDP growth

Finance, PBS at loggerheads over estimate for GDP growth

Ministry of Finance and Pakistan Bureau of Statistics (PBS) are at loggerheads over the projected GDP growth rate for the current fiscal year after National Accounts Committee (NAC) estimated growth rate at 3.2 percent while the Finance Minister said that
Published 28 Apr, 2012 12:00am
Finance, PBS at loggerheads over estimate for GDP growth

Finance, PBS at loggerheads over estimate for GDP growth

Ministry of Finance and Pakistan Bureau of Statistics (PBS) are at loggerheads over the projected GDP growth rate for the current fiscal year after National Accounts Committee (NAC) estimated growth rate at 3.2 percent while the Finance Minister said that
Published 28 Apr, 2012 12:00am
Finance, PBS at loggerheads over estimate for GDP growth

Finance, PBS at loggerheads over estimate for GDP growth

Ministry of Finance and Pakistan Bureau of Statistics (PBS) are at loggerheads over the projected GDP growth rate for the current fiscal year after National Accounts Committee (NAC) estimated growth rate at 3.2 percent while the Finance Minister said that
Published 28 Apr, 2012 12:00am
Scientists detect subatomic particle

Scientists detect subatomic particle

European scientists said Friday they had detected a subatomic particle that sheds light on one of the basic forces of nature which determines the structure of matter. The particle, a baryon called Xi_b, cannot be detected directly as it is too unstable, b
Published 28 Apr, 2012 12:00am
Scientists detect subatomic particle

Scientists detect subatomic particle

European scientists said Friday they had detected a subatomic particle that sheds light on one of the basic forces of nature which determines the structure of matter. The particle, a baryon called Xi_b, cannot be detected directly as it is too unstable, b
Published 28 Apr, 2012 12:00am
Iran to counter oil sanctions by decreasing prices

Iran to counter oil sanctions by decreasing prices

Iran''s National Iranian Oil Company (NIOC) plans to counter US and European Union oil sanctions by reducing the oil prices for its customers, Mehr news agency reported Friday. "Making our oil export prices lower is a winning card for Iran in the times of
Published 28 Apr, 2012 12:00am
Iran to counter oil sanctions by decreasing prices

Iran to counter oil sanctions by decreasing prices

Iran's National Iranian Oil Company (NIOC) plans to counter US and European Union oil sanctions by reducing the oil prices for its customers, Mehr news agency reported Friday. "Making our oil export prices lower is a winning card for Iran in the times of
Published 28 Apr, 2012 12:00am
The Weather

The Weather

The weather report on Friday (April 27, 2012) and the forecast for Saturday (April 28, 2012).

Published 28 Apr, 2012 12:00am
Iran to counter oil sanctions by decreasing prices

Iran to counter oil sanctions by decreasing prices

Iran's National Iranian Oil Company (NIOC) plans to counter US and European Union oil sanctions by reducing the oil prices for its customers, Mehr news agency reported Friday. "Making our oil export prices lower is a winning card for Iran in the times of
Published 28 Apr, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on April 24, 2012.

Published 28 Apr, 2012 12:00am
US, India to sign $8 billion defence deals

US, India to sign $8 billion defence deals

US companies are poised to sign defence deals totalling $8 billion with India, US Ambassador Nancy Powell said on Friday at her first public speech since arriving in New Delhi this month. Powell did not specify which companies she was talking about or whe
Published 28 Apr, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on April 24, 2012.

Published 28 Apr, 2012 12:00am
US, India to sign $8 billion defence deals

US, India to sign $8 billion defence deals

US companies are poised to sign defence deals totalling $8 billion with India, US Ambassador Nancy Powell said on Friday at her first public speech since arriving in New Delhi this month. Powell did not specify which companies she was talking about or whe
Published 28 Apr, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on April 24, 2012.

Published 28 Apr, 2012 12:00am
ISE index down by 13.62 points

ISE index down by 13.62 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 13.62 points as the ISE Ten Index moved from 2,885.34 to 2,871.72
Published 28 Apr, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (April 27, 2012).

Published 28 Apr, 2012 12:00am
ISE index down by 13.62 points

ISE index down by 13.62 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 13.62 points as the ISE Ten Index moved from 2,885.34 to 2,871.72
Published 28 Apr, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 28 Apr, 2012 12:00am
Dull activity at LSE

Dull activity at LSE

Activities remained dull at the Lahore Stock Exchange (LSE) amid descending transaction volume on Friday. The LSE-25 index further declined by 9.99 points and was closed at 3663.57 points against 3673.56 points of Thursday, while transaction volume squeez
Published 28 Apr, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 28 Apr, 2012 12:00am
Dull activity at LSE

Dull activity at LSE

Activities remained dull at the Lahore Stock Exchange (LSE) amid descending transaction volume on Friday. The LSE-25 index further declined by 9.99 points and was closed at 3663.57 points against 3673.56 points of Thursday, while transaction volume squeez
Published 28 Apr, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (April 27, 2012).

Published 28 Apr, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (April 27, 2012) and for Saturday (April 28, 2012).
Published 28 Apr, 2012 12:00am
Group formed to arrange safe passage for Afghan Taliban

Group formed to arrange safe passage for Afghan Taliban

Pakistan, Afghanistan and the United States on Friday agreed to form a group of experts to explore ways and means to arrange safe passage for Afghan Taliban militants who opted to engage in meaningful talks. During a tripartite meeting, officials of the t
Published 28 Apr, 2012 12:00am
Group formed to arrange safe passage for Afghan Taliban

Group formed to arrange safe passage for Afghan Taliban

Pakistan, Afghanistan and the United States on Friday agreed to form a group of experts to explore ways and means to arrange safe passage for Afghan Taliban militants who opted to engage in meaningful talks. During a tripartite meeting, officials of the t
Published 28 Apr, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (April 27, 2012).

Published 28 Apr, 2012 12:00am
Top five banks'' profit increases by 21 percent

Top five banks'' profit increases by 21 percent

The profit of top five banks has increased by 21 percent to Rs 23.8 billion in the first quarter of 2012 as compared to Rs 19.7 billion earned in the same quarter last year, analysts said. "The major reason behind growth in earnings is sharp decline in pr
Published 28 Apr, 2012 12:00am
Top five banks' profit increases by 21 percent

Top five banks' profit increases by 21 percent

The profit of top five banks has increased by 21 percent to Rs 23.8 billion in the first quarter of 2012 as compared to Rs 19.7 billion earned in the same quarter last year, analysts said. "The major reason behind growth in earnings is sharp decline in pr
Published 28 Apr, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (April 27, 2012).

Published 28 Apr, 2012 12:00am
Top five banks' profit increases by 21 percent

Top five banks' profit increases by 21 percent

The profit of top five banks has increased by 21 percent to Rs 23.8 billion in the first quarter of 2012 as compared to Rs 19.7 billion earned in the same quarter last year, analysts said. "The major reason behind growth in earnings is sharp decline in pr
Published 28 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 27, 2012).

Published 28 Apr, 2012 12:00am
BRIndex30 lower by 13.99 points

BRIndex30 lower by 13.99 points

On Friday, BRIndex30 opened at 10,349.43. It touched an intraday high of 10,488.68 and an intraday low of 10,261.25 and closed at 10,335.44, which was -13.99 points or -0.14 percent lower than previous close. Total volume was 141,454,876, which was 72.11
Published 28 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 27, 2012).

Published 28 Apr, 2012 12:00am
BRIndex30 lower by 13.99 points

BRIndex30 lower by 13.99 points

On Friday, BRIndex30 opened at 10,349.43. It touched an intraday high of 10,488.68 and an intraday low of 10,261.25 and closed at 10,335.44, which was -13.99 points or -0.14 percent lower than previous close. Total volume was 141,454,876, which was 72.11
Published 28 Apr, 2012 12:00am
Index down 23.32 points

Index down 23.32 points

Investors on Friday opted for profit-taking in late hours due to below expectation financial results of some heavyweight stocks and the KSE-100 index finally closed at 14.042.77 points, down 23.32 points. The market opened on strong positive note and the
Published 28 Apr, 2012 12:00am
Index down 23.32 points

Index down 23.32 points

Investors on Friday opted for profit-taking in late hours due to below expectation financial results of some heavyweight stocks and the KSE-100 index finally closed at 14.042.77 points, down 23.32 points. The market opened on strong positive note and the
Published 28 Apr, 2012 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

The rupee could not retain its gains against dollar on the currency market on Friday because of higher demandd for dollars, marketmen said The dollar is short of demand and it is very obvious that supply is drying up with the pace of time as a result of o
Published 28 Apr, 2012 12:00am
Index down 23.32 points

Index down 23.32 points

Investors on Friday opted for profit-taking in late hours due to below expectation financial results of some heavyweight stocks and the KSE-100 index finally closed at 14.042.77 points, down 23.32 points. The market opened on strong positive note and the
Published 28 Apr, 2012 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

The rupee could not retain its gains against dollar on the currency market on Friday because of higher demandd for dollars, marketmen said The dollar is short of demand and it is very obvious that supply is drying up with the pace of time as a result of o
Published 28 Apr, 2012 12:00am
Austerity topples Romanian government, Czech survives

Austerity topples Romanian government, Czech survives

Romania''''s left-leaning opposition will try to form a new government after torpedoing the centre-right cabinet in a confidence vote on Friday, the latest collapse of an austerity-minded ruling coalition in Europe. Like other governments in the European
Published 28 Apr, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (April 27, 2012).

Published 28 Apr, 2012 12:00am
Austerity topples Romanian government, Czech survives

Austerity topples Romanian government, Czech survives

Romania''s left-leaning opposition will try to form a new government after torpedoing the centre-right cabinet in a confidence vote on Friday, the latest collapse of an austerity-minded ruling coalition in Europe. Like other governments in the European Un
Published 28 Apr, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (April 27, 2012).

Published 28 Apr, 2012 12:00am
Austerity topples Romanian government, Czech survives

Austerity topples Romanian government, Czech survives

Romania's left-leaning opposition will try to form a new government after torpedoing the centre-right cabinet in a confidence vote on Friday, the latest collapse of an austerity-minded ruling coalition in Europe. Like other governments in the European Uni
Published 28 Apr, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (April 27, 2012).

Published 28 Apr, 2012 12:00am
Austerity topples Romanian government, Czech survives

Austerity topples Romanian government, Czech survives

Romania's left-leaning opposition will try to form a new government after torpedoing the centre-right cabinet in a confidence vote on Friday, the latest collapse of an austerity-minded ruling coalition in Europe. Like other governments in the European Uni
Published 28 Apr, 2012 12:00am
Pakistan''s foreign exchange reserves decline by $3 billion

Pakistan''s foreign exchange reserves decline by $3 billion

The rising current account deficit and foreign debt payments ate away some $3 billion from the State Bank''s forex reserves during the current fiscal year. Sources in banking sector told Business Recorder on Friday that it is likely that in near fu
Published 28 Apr, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (April 27, 2012).

Published 28 Apr, 2012 12:00am
Pakistan's foreign exchange reserves decline by $3 billion

Pakistan's foreign exchange reserves decline by $3 billion

The rising current account deficit and foreign debt payments ate away some $3 billion from the State Bank's forex reserves during the current fiscal year. Sources in banking sector told Business Recorder on Friday that it is likely that in near fut
Published 28 Apr, 2012 12:00am
Pakistan's foreign exchange reserves decline by $3 billion

Pakistan's foreign exchange reserves decline by $3 billion

The rising current account deficit and foreign debt payments ate away some $3 billion from the State Bank's forex reserves during the current fiscal year. Sources in banking sector told Business Recorder on Friday that it is likely that in near fut
Published 28 Apr, 2012 12:00am
Government to reduce customs tariff slabs: FBR chief

Government to reduce customs tariff slabs: FBR chief

Federal Board of Revenue Chairman Mumtaz Haider Rizvi on Friday announced that the government will reduce a number of general customs tariff slabs up to 5-6, minimising higher slabs of customs duty in the upcoming budget (2012-13) with simplified Pakistan
Published 28 Apr, 2012 12:00am
Government to reduce customs tariff slabs: FBR chief

Government to reduce customs tariff slabs: FBR chief

Federal Board of Revenue Chairman Mumtaz Haider Rizvi on Friday announced that the government will reduce a number of general customs tariff slabs up to 5-6, minimising higher slabs of customs duty in the upcoming budget (2012-13) with simplified Pakistan
Published 28 Apr, 2012 12:00am
Government to reduce customs tariff slabs: FBR chief

Government to reduce customs tariff slabs: FBR chief

Federal Board of Revenue Chairman Mumtaz Haider Rizvi on Friday announced that the government will reduce a number of general customs tariff slabs up to 5-6, minimising higher slabs of customs duty in the upcoming budget (2012-13) with simplified Pakistan
Published 28 Apr, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Apr, 2012 12:00am
World Bank approves two projects worth $550 million

World Bank approves two projects worth $550 million

The World Bank''''s Board of Directors approved two projects on Thursday totalling $550 million aimed at supporting Pakistan''''s effort to strengthen the education and natural gas sectors, which are critical to Pakistan''''s growth and development.
Published 28 Apr, 2012 12:00am
World Bank approves two projects worth $550 million

World Bank approves two projects worth $550 million

The World Bank''s Board of Directors approved two projects on Thursday totalling $550 million aimed at supporting Pakistan''s effort to strengthen the education and natural gas sectors, which are critical to Pakistan''s growth and development.
Published 28 Apr, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Apr, 2012 12:00am
World Bank approves two projects worth $550 million

World Bank approves two projects worth $550 million

The World Bank's Board of Directors approved two projects on Thursday totalling $550 million aimed at supporting Pakistan's effort to strengthen the education and natural gas sectors, which are critical to Pakistan's growth and development.
Published 28 Apr, 2012 12:00am
World Bank approves two projects worth $550 million

World Bank approves two projects worth $550 million

The World Bank's Board of Directors approved two projects on Thursday totalling $550 million aimed at supporting Pakistan's effort to strengthen the education and natural gas sectors, which are critical to Pakistan's growth and development.
Published 28 Apr, 2012 12:00am
Bids invited for construction of IP gas line

Bids invited for construction of IP gas line

The government has invited bids for construction of 785 kilometres Iran-Pakistan (IP) gas pipeline project from pre-qualified parties, it is learnt.
Published 28 Apr, 2012 12:00am
Bids invited for construction of IP gas line

Bids invited for construction of IP gas line

The government has invited bids for construction of 785 kilometres Iran-Pakistan (IP) gas pipeline project from pre-qualified parties, it is learnt.
Published 28 Apr, 2012 12:00am
Bids invited for construction of IP gas line

Bids invited for construction of IP gas line

The government has invited bids for construction of 785 kilometres Iran-Pakistan (IP) gas pipeline project from pre-qualified parties, it is learnt.
Published 28 Apr, 2012 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on Tuesday, the 1st of May, 2012 being declared public holiday by the government of Pakistan on the occasion of Labour Da
Published 28 Apr, 2012 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on Tuesday, the 1st of May, 2012 being declared public holiday by the government of Pakistan on the occasion of Labour Da
Published 28 Apr, 2012 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed on Tuesday, the 1st of May, 2012 being declared public holiday by the government of Pakistan on the occasion of Labour Da
Published 28 Apr, 2012 12:00am
Major General Bajwa new director general ISPR

Major General Bajwa new director general ISPR

Pakistan Army on Friday issued transfer and posting orders of several majors-general. Major-General Asim Saleem Bajwa will replace Major-General Athar Abbas as the new Director General Inter Services Public Relations (ISPR). Major-General Athar Abbas is s
Published 28 Apr, 2012 12:00am
Major General Bajwa new director general ISPR

Major General Bajwa new director general ISPR

Pakistan Army on Friday issued transfer and posting orders of several majors-general. Major-General Asim Saleem Bajwa will replace Major-General Athar Abbas as the new Director General Inter Services Public Relations (ISPR). Major-General Athar Abbas is s
Published 28 Apr, 2012 12:00am
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