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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-05-12
Manufacturers of agriculture tools demand withdrawal of GST

Manufacturers of agriculture tools demand withdrawal of GST

The manufacturers of agriculture implements and machinery have appealed to the government to withdraw the 16 percent General Sales Tax (GST) on agriculture tools and machinery for the promotion of the industry and growth of agriculture sector.
Published 12 May, 2012 12:00am
No exemption available for income derived from criminal activity: SECP

No exemption available for income derived from criminal activity: SECP

The Securities and Exchange Commission of Pakistan (SECP) has announced that the exemption under provisions related to Capital Gain Tax (CGT) for the stock market investment is not available for income derived from a criminal activity under any other law
Published 12 May, 2012 12:00am
No exemption available for income derived from criminal activity: SECP

No exemption available for income derived from criminal activity: SECP

The Securities and Exchange Commission of Pakistan (SECP) has announced that the exemption under provisions related to Capital Gain Tax (CGT) for the stock market investment is not available for income derived from a criminal activity under any other law
Published 12 May, 2012 12:00am
Four children killed by mortar

Four children killed by mortar

Four young children were killed on Friday when a mortar slammed into their family's vehicle as they attempted to escape a military offensive, officials said. The chilren's aunt and mother were wounded in the incident in tribal district of Khyber, where th
Published 12 May, 2012 12:00am
Four children killed by mortar

Four children killed by mortar

Four young children were killed on Friday when a mortar slammed into their family's vehicle as they attempted to escape a military offensive, officials said. The chilren's aunt and mother were wounded in the incident in tribal district of Khyber, where th
Published 12 May, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 May, 2012 12:00am
Manufacturers of agriculture tools demand withdrawal of GST

Manufacturers of agriculture tools demand withdrawal of GST

The manufacturers of agriculture implements and machinery have appealed to the government to withdraw the 16 percent General Sales Tax (GST) on agriculture tools and machinery for the promotion of the industry and growth of agriculture sector.
Published 12 May, 2012 12:00am
Several diseases to be diagnosed through neonatal screening programme

Several diseases to be diagnosed through neonatal screening programme

A programme of neonatal screening is being started for diagnosing diseases of new-born babies in the hospitals of Punjab so that they could be saved from the mental and physical disability through timely diagnosing and providing treatment to them and thei
Published 12 May, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 12 May, 2012 12:00am
Seminar to update existing Master Plan for Lahore

Seminar to update existing Master Plan for Lahore

A seminar for formulating recommendations to revise and update the existing Master Plan for Lahore 2012 will be held on Saturday (today). According to a Lahore Development Authority's spokesperson here on Thursday, elected representatives of the people, h
Published 12 May, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 May, 2012 12:00am
AJK to produce 8,000 megawatts of electricity in four years

AJK to produce 8,000 megawatts of electricity in four years

Acting Prime Minister of Azad Jammu and Kashmir (AJK) Chaudhry Yasin has said that 8,000 megawatt electricity will be produced in Azad Kashmir in four years and provide to Pakistan. Talking to the media here at a "Meet the Press" programme at Lahore Press
Published 12 May, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 May, 2012 12:00am
Legal fraternity to observe 'Black Day' today

Legal fraternity to observe 'Black Day' today

The legal fraternity will observe Black Day on Saturday (today) throughout the country to condemn killing of lawyers and others in Karachi on May 12, 2007, during the lawyers' movement. Pakistan Bar Council (PBC) and Supreme Court Bar Association (SCBA) g
Published 12 May, 2012 12:00am
Petitions against Gilani: hearing adjourned till May 30

Petitions against Gilani: hearing adjourned till May 30

Chief Justice of Lahore High Court Sheikh Azmat Saeed deferred till May 30 the hearing of two identical petitions against Prime Minister Syed Yousaf Raza Gilani. The petitioners urged the court to restrain the respondent from holding the office of prime m
Published 12 May, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (May 11, 2012).

Published 12 May, 2012 12:00am
Pakistan doesn't want to confine its relations to US: Prime Minister

Pakistan doesn't want to confine its relations to US: Prime Minister

Prime Minister Yousuf Raza Gilani has said that the Central Intelligence Agency (CIA) and the Inter-Services Intelligence (ISI) jointly achieved several high value targets linked to al Qaeda. In an interview with a British television on Friday, the Pakist
Published 12 May, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (May 11, 2012).

Published 12 May, 2012 12:00am
Supreme Court asks FC IG to produce missing persons

Supreme Court asks FC IG to produce missing persons

The Supreme Court warned on Friday Inspector General Frontier Corps (IG FC) Balochistan of strict action if he failed to produce three missing Baloch before the court. At the outset of hearing, FC's Major Sohail informed a two-member apex court bench led
Published 12 May, 2012 12:00am
Supreme Court asks FC IG to produce missing persons

Supreme Court asks FC IG to produce missing persons

The Supreme Court warned on Friday Inspector General Frontier Corps (IG FC) Balochistan of strict action if he failed to produce three missing Baloch before the court. At the outset of hearing, FC's Major Sohail informed a two-member apex court bench led
Published 12 May, 2012 12:00am
IRSA stops filling Tarbela and Mangla dams

IRSA stops filling Tarbela and Mangla dams

The Indus River System Authority has stopped filling Tarbela and Mangla dams to divert all river flows in the irrigation canals for sowing the strategic Kharif crops including cotton, rice and sugar cane across the country. Punjab Irrigation engineers tol
Published 12 May, 2012 12:00am
IRSA stops filling Tarbela and Mangla dams

IRSA stops filling Tarbela and Mangla dams

The Indus River System Authority has stopped filling Tarbela and Mangla dams to divert all river flows in the irrigation canals for sowing the strategic Kharif crops including cotton, rice and sugar cane across the country. Punjab Irrigation engineers tol
Published 12 May, 2012 12:00am
IRSA stops filling Tarbela and Mangla dams

IRSA stops filling Tarbela and Mangla dams

The Indus River System Authority has stopped filling Tarbela and Mangla dams to divert all river flows in the irrigation canals for sowing the strategic Kharif crops including cotton, rice and sugar cane across the country. Punjab Irrigation engineers tol
Published 12 May, 2012 12:00am
16-hour power loadshedding in last two weeks: PAC informed

16-hour power loadshedding in last two weeks: PAC informed

Ministry of Water and Power has admitted that the duration of loadshedding in last two weeks was up to 16 hours, but implementation of decision to reduce it will start from Friday. Imtiaz Hussain Kazi Secretary Ministry of Water and Power informed the Nat
Published 12 May, 2012 12:00am
Pakistan doesn't want to confine its relations to US: Prime Minister

Pakistan doesn't want to confine its relations to US: Prime Minister

Prime Minister Yousuf Raza Gilani has said that the Central Intelligence Agency (CIA) and the Inter-Services Intelligence (ISI) jointly achieved several high value targets linked to al Qaeda. In an interview with a British television on Friday, the Pakist
Published 12 May, 2012 12:00am
16-hour power loadshedding in last two weeks: PAC informed

16-hour power loadshedding in last two weeks: PAC informed

Ministry of Water and Power has admitted that the duration of loadshedding in last two weeks was up to 16 hours, but implementation of decision to reduce it will start from Friday. Imtiaz Hussain Kazi Secretary Ministry of Water and Power informed the Nat
Published 12 May, 2012 12:00am
16-hour power loadshedding in last two weeks: PAC informed

16-hour power loadshedding in last two weeks: PAC informed

Ministry of Water and Power has admitted that the duration of loadshedding in last two weeks was up to 16 hours, but implementation of decision to reduce it will start from Friday. Imtiaz Hussain Kazi Secretary Ministry of Water and Power informed the Nat
Published 12 May, 2012 12:00am
UN world food committee approves anti-land grab measures

UN world food committee approves anti-land grab measures

The United Nations' Committee on World Food Security (CFS) on Friday adopted global guidelines on land tenure, including measures to prevent land grabs in developing countries by commercial investors - but the new rules are not binding. The committee, mee
Published 12 May, 2012 12:00am
UN world food committee approves anti-land grab measures

UN world food committee approves anti-land grab measures

The United Nations' Committee on World Food Security (CFS) on Friday adopted global guidelines on land tenure, including measures to prevent land grabs in developing countries by commercial investors - but the new rules are not binding. The committee, mee
Published 12 May, 2012 12:00am
UN world food committee approves anti-land grab measures

UN world food committee approves anti-land grab measures

The United Nations'' Committee on World Food Security (CFS) on Friday adopted global guidelines on land tenure, including measures to prevent land grabs in developing countries by commercial investors - but the new rules are not binding. The committee, me
Published 12 May, 2012 12:00am
Flash flood kills 28 in Afghanistan

Flash flood kills 28 in Afghanistan

Flash floods swept through four villages in northern Afghanistan, killing 28 people and leaving 20 others missing, officials said Friday. "Heavy rains overnight triggered flood waters that broke through four mountainous villages in Ishkamish district of n
Published 12 May, 2012 12:00am
No exemption available for income derived from criminal activity: SECP

No exemption available for income derived from criminal activity: SECP

The Securities and Exchange Commission of Pakistan (SECP) has announced that the exemption under provisions related to Capital Gain Tax (CGT) for the stock market investment is not available for income derived from a criminal activity under any other law
Published 12 May, 2012 12:00am
KARACHI CHRONICLE: Is Labour Day on the wane?

KARACHI CHRONICLE: Is Labour Day on the wane?

This year Labour Day was practically a non-event. The Day past almost unnoticed by working people. There were no marchers on the streets; only a few persons turned up for the public meeting outside the Karachi Press Club (KPC), and the speeches were short
Published 12 May, 2012 12:00am
Onion shipment yields 125kg of heroin

Onion shipment yields 125kg of heroin

Pakistan Customs on Friday claimed to have seized 125kgs of heroin hidden under an onion consignment at East Wharf field of Model Customs Collectorate (MCC) of Exports. This was stated by collector, MCC, Exports, Ibrahim Vigio at a press conference held a
Published 12 May, 2012 12:00am
Preventable diseases still mowing down children: study

Preventable diseases still mowing down children: study

Preventable diseases like pneumonia, diarrhoea and malaria claimed the lives of nearly five million children younger than five in 2010, a paper in The Lancet medical journal said Friday. A total 7.6 million children died in the first five years of their l
Published 12 May, 2012 12:00am
Torture on college principal: three accused arrested

Torture on college principal: three accused arrested

Police on Friday arrested three accused involved in torture on National College's principal. SP Gulshan-e-Iqbal Abdul Salam Sheikh said that Rizwan Khan, resident of Landhi, Adil Tanvir of Quaidabad and Izhar Naeem were arrested for their involvement in t
Published 12 May, 2012 12:00am
Kashmiri woman gives birth to quintuplets

Kashmiri woman gives birth to quintuplets

A woman in Kashmir valley gave birth to quintuplets- three boys and two girls - at a government hospital, officials said. Afroza, a resident of Larkipora village of central Kashmir's Budgam district, gave birth to five children at the Lal Ded hospital-Val
Published 12 May, 2012 12:00am
Rental power projects: NAB sends investigation teams to sites

Rental power projects: NAB sends investigation teams to sites

National Accountability Bureau (NAB) has taken another step forward in its inquiry in RPPs case under the instruction of Supreme Court of Pakistan. NAB has sent its investigation teams to the sites of rental power generation for authentication, physical i
Published 12 May, 2012 12:00am
Kamran and Razzaq disappointed at Pakistan snub

Kamran and Razzaq disappointed at Pakistan snub

Snubbed Pakistan wicket-keeper Kamran Akmal and allrounder Abdul Razzaq Friday expressed disappointment at being continuously left out of the national team, asking selectors for their reasons. Pakistan Cricket Board (PCB) on Thursday announced three separ
Published 12 May, 2012 12:00am
Australia bowling coach McDermott quits

Australia bowling coach McDermott quits

Craig McDermott has quit as bowling coach of the Australian team, citing the conflicting demands of constant touring with family life, Cricket Australia said Friday. Former Test fast bowler McDermott, 47, has worked with great success in developing Austra
Published 12 May, 2012 12:00am
Ferguson expects City to lift title

Ferguson expects City to lift title

Manchester United manager Sir Alex Ferguson believes title rivals Manchester City could suffer untold damage if they fail to secure the Premier League on Sunday. City will secure their first top-flight crown for 44 years if they defeat relegation-threaten
Published 12 May, 2012 12:00am
Mobilink signs 10 cricket stars as brand ambassadors

Mobilink signs 10 cricket stars as brand ambassadors

Mobilink has signed 10 members of the Pakistan Cricket team as the Brand Ambassadors for Jazz - Pakistan's premier prepaid cellular brand. A ceremony was held in Islamabad where powerful cricketing performers including Misbah-ul-Haq, Muhammad Hafeez, Umar
Published 12 May, 2012 12:00am
United's historic tumble caps season of unexpected

United's historic tumble caps season of unexpected

As Manchester City's players trudged off the pitch on April 8 following a 1-0 defeat to Arsenal, only the most wildly optimistic of their supporters would have believed that barely a month later they would be on the brink of a historic league title triump
Published 12 May, 2012 12:00am
PCB announces team management for Sri Lanka tour

PCB announces team management for Sri Lanka tour

Naveed Akram Cheema, member Governing Board of Pakistan Cricket Board (PCB) has been retained as manager of Pakistan cricket team touring Sri Lanka, as PCB on Friday announced the team management for the tour.
Published 12 May, 2012 12:00am
AmanSports to hold Students' Athletics Meet

AmanSports to hold Students' Athletics Meet

AmanSports, the most recent among Aman Foundation's endeavors to create meaningful change in the social space, is ready to make a splash in the sports market. Keyed in on grassroots development and the noble cause of giving sports access to all, AmanSport
Published 12 May, 2012 12:00am
Torch designers flattered by 'cheese grater' label

Torch designers flattered by 'cheese grater' label

British designers Jay Osgerby and Edward Barber spent 18 months developing a failproof Olympic torch that could withstand snow, driving rain and gusty winds, only to see it ultimately likened to a cheese grater. The duo say they were delighted with the ni
Published 12 May, 2012 12:00am
Azarenka fights back for Madrid semi-final spot

Azarenka fights back for Madrid semi-final spot

Top seed Victoria Azarenka saw off China's Li Na with a battling 3-6, 6-3, 6-3 win to reach the semi-finals of the Madrid Masters on Friday. The Belarusian world number one will now play either Agnieszka Radwanska, the Polish fourth seed, or American qual
Published 12 May, 2012 12:00am
Berdych through to face Del Potro in semis

Berdych through to face Del Potro in semis

Tomas Berdych brought local favourite Fernando Verdasco crashing back to earth when he thrashed the 15th seed 6-1 6-2 in the quarter-finals of the Madrid Open on Friday. Verdasco came into the match on the blueclay of the Manolo Santana show court on a hi
Published 12 May, 2012 12:00am
Blatter sets Juve straight over number of titles

Blatter sets Juve straight over number of titles

FIFA president Joseph Blatter has all but settled the debate over Juventus's number of Serie A titles by sending an official letter of congratulation to club president Andrea Agnelli. Juve have officially won 28 titles due to having been stripped of their
Published 12 May, 2012 12:00am
Blue clay will get better with age: Madrid boss

Blue clay will get better with age: Madrid boss

Madrid Masters supremo Ion Tiriac on Friday promised a gradual improvement in traction on the new blue courts which have come under fire from players this week. Rafael Nadal and Novak Djokovic have led the criticism of the slippery surface and Romanian bi
Published 12 May, 2012 12:00am
Yuan a touch higher

Yuan a touch higher

The yuan ended a touch higher against the dollar on Friday, buoyed by client dollar sales late in the session, traders said. But the currency fell slightly this week as the market's attention shifted to the possibility of a dollar rally in global markets
Published 12 May, 2012 12:00am
Australian and New Zealand dollars fall

Australian and New Zealand dollars fall

The Australian and New Zealand dollars fell on Friday with the Aussie making yet another attempt at parity after fresh signs of weakness in the Chinese economy weighed on demand for the commodity currencies. The Aussie last stood at $1.0027 versus $1.0092
Published 12 May, 2012 12:00am
Won posts largest weekly loss in six months

Won posts largest weekly loss in six months

The South Korean won suffered its largest weekly loss in nearly six months as foreigners sold the country's stocks, while sustained political deadlock in Greece and disappointing factory data from China hurt emerging currencies around Asia on Friday.
Published 12 May, 2012 12:00am
Indian rupee stays lower

Indian rupee stays lower

The Indian rupee fell on Friday, posting its longest weekly losing streak since the 2008 global financial crisis, after data showing a contraction in factory output for March added to worries about the country's economic outlook. The rupee remains within
Published 12 May, 2012 12:00am
Swiss franc slips

Swiss franc slips

The Swiss franc slipped against the dollar on Friday along with the euro as political deadlock in Greece continued to weigh on the single currency over fears the country could exit the eurozone. The franc was steady against the euro compared to the New Yo
Published 12 May, 2012 12:00am
Euro snaps eight-session drop

Euro snaps eight-session drop

The euro gained against the dollar on Thursday, snapping eight straight sessions of declines and bouncing from its recent 3-1/2-month low as stress in Spanish debt markets eased and Greece secured funds to repay its bondholders. The tempering of the dual
Published 12 May, 2012 12:00am
Midday trade in New York: Euro nears 3-1/2-month low

Midday trade in New York: Euro nears 3-1/2-month low

The euro hovered near a 3-1/2-month low in volatile trade on Friday as political uncertainty in Greece and hefty losses disclosed by US bank J.P. Morgan Chase spurred a rise in risk aversion. The euro has dropped against the dollar in eight of 10 sessions
Published 12 May, 2012 12:00am
Euro hovers near recent low

Euro hovers near recent low

The euro hovered near a 3-1/2-month low on Friday as Greek political parties made efforts to form a coalition government, and looked fragile as risk sentiment struggled on weak Chinese data and J.P. Morgan's shock trading losses. The common currency was s
Published 12 May, 2012 12:00am
Euro hits 3-1/2 months low in Asia

Euro hits 3-1/2 months low in Asia

The euro hit a 3-1/2-month low on Friday as news of J.P. Morgan's trading losses from a failed hedging strategy spooked investors and lent support to the safe haven dollar, with stop-loss selling adding to the euro's drop. The euro also remained vulnerabl
Published 12 May, 2012 12:00am
Sterling at three-week low against dollar

Sterling at three-week low against dollar

Sterling hit a three-week low against the dollar on Friday as risk aversion stemming from US bank losses and political turmoil in Greece boosted the safe-haven US currency. The pound also eased off a 3-1/2 year high against the euro. J.P. Morgan, the bigg
Published 12 May, 2012 12:00am
Defensives lead FTSE rebound as banks, miners fall

Defensives lead FTSE rebound as banks, miners fall

Britain's top shares reversed early losses to close higher on Friday with traders citing technical reasons as gains in defensive stocks outpaced falls in banks and miners, which remain hamstrung by European debt and global growth worries. London's bluechi
Published 12 May, 2012 12:00am
Australian shares post worst week of 2012

Australian shares post worst week of 2012

Australian shares slipped 0.2 percent on Friday, led down by mining and financial stocks, and recorded the worst weekly performance this year as appetite for riskier assets took a hit on US economic and Euro zone worries. The benchmark S&P/ASX 200 index e
Published 12 May, 2012 12:00am
Most Southeast Asian stocks fall

Most Southeast Asian stocks fall

Most Southeast Asian stock markets fell on Friday on continued euro zone political turmoil and weak economic data from China that led investors to sell commodity-related shares. Singapore's Straits Times Index was down 0.7 percent, bringing its weekly los
Published 12 May, 2012 12:00am
Late European share rally masks bearish outlook

Late European share rally masks bearish outlook

European shares staged a late rally on Friday following positive US economic data, although traders and investors said the gains could be short-lived due to ongoing concerns over Spanish banks and political uncertainty in Greece. The FTSEurofirst closed u
Published 12 May, 2012 12:00am
Indian shares at four-month low

Indian shares at four-month low

India's main stock index fell for a fourth straight session to its lowest close since January 16, led by continued selling in bluechips after a contraction in factory output weighed on a market already grappling with global risk aversion. India's industri
Published 12 May, 2012 12:00am
Treasuries dip on jobs data

Treasuries dip on jobs data

US Treasury debt prices dropped on Thursday as stronger-than-expected US jobless claims data and a pause in the steady stream of worrying news from Europe helped ease appetite for safe-haven government debt. But prices trimmed losses after an auction of 3
Published 12 May, 2012 12:00am
Treasuries dip on jobs data

Treasuries dip on jobs data

US Treasury debt prices dropped on Thursday as stronger-than-expected US jobless claims data and a pause in the steady stream of worrying news from Europe helped ease appetite for safe-haven government debt. But prices trimmed losses after an auction of 3
Published 12 May, 2012 12:00am
Seoul shares decline

Seoul shares decline

Seoul shares declined for a third straight session to wrap up their worst-performing week this year, with investors spooked by news that J.P. Morgan had suffered $2 billion in losses from a flawed hedging strategy. The Korea Composite Stock Price Index (K
Published 12 May, 2012 12:00am
US stock index futures plummet

US stock index futures plummet

US stock index futures fell sharply on Thursday evening as J.P. Morgan Chase & Co stunned investors with news that its chief investment office had incurred "significant mark-to-market losses" that it said could "easily get worse." J.P. Morgan's stock fell
Published 12 May, 2012 12:00am
Friday's afternoon trade: Wall Street edges up

Friday's afternoon trade: Wall Street edges up

US stocks edged up early on Friday after a strong outlook from chipmaker Nvidia and surprisingly robust consumer confidence offset a slide in bank shares after disclosures of huge trading losses at J.P. Morgan Chase & Co J.P. Morgan said it lost at least
Published 12 May, 2012 12:00am
Hong Kong shares post seventh straight loss; data hurts China

Hong Kong shares post seventh straight loss; data hurts China

Hong Kong shares ended its worst week in almost eight months with a seventh straight day of losses on Friday, after a slew of weaker-than-expected April data pointed to a steeper slowdown in the world's second-largest economy. Mainland Chinese markets wer
Published 12 May, 2012 12:00am
Nikkei in sixth week of losses; Sony slides

Nikkei in sixth week of losses; Sony slides

The Nikkei share average sank below 9,000 on Friday for a sixth straight week of losses, with a choppy earnings season seeing Sony Corp tumbling to a 32-year-low but camera maker Nikon Corp and others surging on strong guidance. Despite several big tech s
Published 12 May, 2012 12:00am
Taiwan stocks end lower

Taiwan stocks end lower

Taiwan stocks ended 1.1 percent lower on Friday, joining regional bourses in falls as the eurozone's woes cut appetite for risk, while banking shares fell as investors fretted over J.P. Morgan's $2 billion hedging loss. Chipmaker TSMC was among the few ga
Published 12 May, 2012 12:00am
Ranks of employed fall by 2.0 million in crisis: OECD

Ranks of employed fall by 2.0 million in crisis: OECD

The employment rate for the 34 OECD countries was 64.9 percent of the working-age population in the fourth quarter of 2011, with two million fewer people working than before the global financial crisis, the OECD said on Friday. Employment was 1.6 percenta
Published 12 May, 2012 12:00am
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